JSE main market rise again- Tuesday

The Jamaica Stock Exchange ended on Tuesday with gains in the indices for a second day. At the close the JSE All Jamaican Composite Index gained 731.91 points to 317,872.87 and the JSE Index advanced by 666.86 points to 289,618.13.
Trading on the Main Market of the Jamaica Stock Exchange ended on Tuesday with as 9 advanced, 10 declined and 9 traded with prices unchanged.
The securities with the largest price changes include, Caribbean Cement with a fall of $1.80 to $31.20 and Scotia Group with a gain of 90 cents to end at $51.50.
Market activity ended with 2,910,640 shares valued at $68,467,853, in contrast to 4,327,589 shares valued at $91,755,917 on Monday.
Scotia Group with 733,630 units traded was the leading security trading followed by Ciboney Group with 474,739 units and Sagicor Real Estate Fund with 337,800 units.
The market closed with average of 111,948 units trading with an average of $2,633,379 for each security traded. In contrast to 160,281 units for an average of $3,398,367 on Tuesday. The average volume and value for the month to date amounts to 161,245 units valued at $3,699,796 and previously, 181,777 units valued at $2,865,105. In contrast, January closed with average of 349,084 units at an average of $5,801,440 for each security traded.
Traded in the US dollar market ended with Margaritaville lost 2 cents and settled at 19 US cents with 4,780 units and Proven Investments exchanging 14,213 ordinary shares, as the price closed at 22 US cents. The total value of US$4,070 and the JSE US Equities Index rose 85 points to 168.60.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and 2 with lower offers.
For more details of market activities see – Moderate JSE main market trading – Tuesday.

JSE majors pulled back on Thursday

Interest rates are falling and will drive stocks higher in 2018.

Trading on the Main Market of the Jamaica Stock Exchange ended on Thursday with JSE All Jamaican Composite Index falling by 1,047.87 points to 316,926.39 and the JSE Index declining by 954.73 points to 288,755.78.
Main market activity closed with 3,856,461 shares valued at just $40,581,082 changing hands, in contrast to 5,490,162 shares valued at a mere $27,746,053 trading on Tuesday, the day before the Ash Wednesday break.
The major contributors to the total volume in the market include, Wisynco Group with 905,215 units followed by Radio Jamaica with 745,339 units and Ciboney Group with 482,108 units.
Main and US market activities ended with moderate trading levels, leading to prices of 11 securities rising, 12 falling, 8 trading firm as 31 securities changed hands, including 3 from the US market. Trading took place in 31 securities on Thursday.
The securities with the largest price changes include, Jamaica Producers rising $1.87 to $17.47, Mayberry Investments with a gain of 90 cents to $6.05, Kingston Wharves losing $1.60 to $41, while PanJam Investment fell $1.80 to $40.05 and Scotia Group lost $1.45 to end at $50.55.
The US market closed with Margaritaville lost 1 cents and closed trading at 1 US cent with 5,000 shares and Proven Investments exchanged 16,820 ordinary shares, to close at 21 US cents. JMMB 6% preference share ended at $1.08 with 400 stock units trading. The market closed with just 22,220 shares trading with a value of US$5,122 and the JSE US Equities Index rising 1.59 points to close at 166.82.
Market activity ended with an average of 137,731 shares valued at $1,449,324, in contrast to 189,316 shares valued at $956,760 on Tuesday. The average volume and value for the month to date amounts to 189,385 units valued at $2,973,878 and previously, 182,709 units valued at $3,152,487. January ended with an average of 239,900 units valued at $5,158,193 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks ended with bids higher than their last selling prices and 1 closed with a lower offer.

For more details of market activities see – Subdued trading on Thursday sinks JSE index.

JSE in big rise again – Tuesday

Trading on the Main Market of the Jamaica Stock Exchange ended on Tuesday with JSE All Jamaican Composite Index climbing 1,439.19 points to 317,974.26 and the JSE Index advancing by 1,311.26 points to 289,710.51.
Tuesday was the second consecutive day with gains of more than 1,300 in the market indices. The number of securities trading, rose above that on Monday, but the value traded fell sharply. Main market activity ended with 5,490,162 shares valued at a mere $27,746,053 changing hands, in contrast to 6,473,345 shares valued at $82,423,988 trading on Monday.
Main and US market activities ended with moderate trading levels, leading to prices of 8 securities rising, 14 falling, 9 trading firm as 31 securities changed hands, including 2 from the US market versus 27 that traded on Monday.
The major contributors to the total volume in the market include Ciboney with over 970,000 units, 1834 Investments trading over 2.3 million units, Radio Jamaica with more than 520,000 units and Wisynco with just over 800,000 units. Kingston Wharves jumped $5.55 to a new record high of $42.60, Barita Investments rose 94 cents to end at $8.45, while PanJam Investment rose $1.85 to $41.85, but NCB Financial lost 95 cents to close at $99, Salada Foods fell $1.49 to $10.51 and Scotia Group lost $1 to end at $52.
The US market closed with Margaritaville concluded trading at 22 US cents with 2,835 shares and Proven Investments fell 1.95 cents in exchanging 4,474 ordinary shares, to close at 21 US cents. The market closed with 132,964 shares trading with a value of US$27,986 and the JSE US Equities Index falling 8.95 points to close at 165.23.
Market activity ended with an average of 189,316 shares valued at $956,760, in contrast to 258,934 shares valued at $3,296,960 on Monday. The average volume and value for the month to date amounts to 182,709 units valued at $3,152,487 and previously, 181,904 units valued at $3,455,707. January ended with an average of 239,900 units valued at $5,158,193 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 closed with lower offers.

For more details of market activities see – Kingston Wharves jumps $5.55 to new high

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9 new IPOs for 2018

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Last year (2017), was a great year for Jamaican stocks with prices of several stocks more than doubling on the Jamaican Stock Exchange and 10 new companies listing on the exchange.
2018 seems poised to be another year for a number of new issues on the market as business owners take advantage of a buoyant market for equity investments.
The local market should have new 9 issues, Marlene Streete-Forrest, the JSE Managing Director confirmed. Streete-Forrest expects that 5 issues will list on the Junior Market and 4 for the main market. New financial entity Sygnus Capital is said to be heading to the public in January. Other listings expected shortly are Caribbean Insurance Brokers, NevEast and Elite Diagnostics. University College of the Caribbean with its main operations in Kingston, Jamaica, is expected to be the first educational institution to seek to list on the stock exchange. The listing is expected to take place in the first quarter of 2018. Mayberry Investment is also expected to bring their subsidiary, Mayberry West Indies to market by February.
In 2017, the Jamaica Stock Exchange had 10 new companies listing on the exchange, including 2 new companies listing preference shares. Two new listings were on the main market one on the US dollar market and 5 on the Junior Market.
Scotia Investments, Trinidad Cement, Montego Bay Ice and Margaritaville preference share were delisted during the year.

14,568 points slashed off AJIndex in 2 weeks

Investors cut 4.5 percent or 14,568.35 points in two weeks off the JSE All Jamaican Composite Index, as it dropped 3,027.95 points on Monday to close at 306,608.74. During the same period, the JSE Index dived 13,273.42 or 4.5 percent, to close with a fall of 2,758.81 points on Monday at 279,355.24.
Trading on the Main Market of the Jamaica Stock Exchange ended on Monday with 24 securities changing hands, as 7 advanced, 12 declined and 4 traded firm with 19,187,109 units valued at $205,077,757 compared to 10,390,820 units valued at $339,090,865 on Friday.
Trading ended with an average of 799,463 units for an average of $8,544,907 in contrast to 451,775 units for an average of $14,743,081 on Friday. The average volume and value for the month to date amounts to 358,678 units valued at $5,630,484 and previously, an average of 333,369 units valued at $5,463,149. In contrast, October closed with an average of 1,185,251 units valued at $16,528,582 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 with lower offers.
In the US dollar market Margaritaville ordinary share traded 2,300 units at 19 us cents valued at just US$21.
The main movers for the day are, NCB Financial Group dropping $1, Sagicor Group fell $1.60 trading 2,026,098 units and Seprod jumped $1.80. Ciboney traded at a 52 weeks’ high of 45 cents.

Volatility hits prices on JSE main market

Caribbean Cement stock price jumped $2 on Monday to close at $35.

The JSE All Jamaican Composite Index dropped by 1,137.09 points to close at 314,851.62 and the JSE Index declined by 1,036.02 points to close at 286,865.44 on Monday as nine stocks had wild movement in prices ranging from 79 cents to $2.
The US dollar market index fell 6.90 points to 161.90 as 3 securities traded in this market with a volume of 119,502 units valued at US$33,226. The US dollar market that was up sharply in the first half of the year is now trading in negative territory with the two major contributors to the big move in 2017 suffering sharp reversal in fortunes. The main market closed with 4,115,612 units valued at $48,667,070 trading.
Trading on the Main Market and the US dollar market of the Jamaica Stock Exchange ended with 26 securities changing hands, as 8 advanced, 12 declined and 6 traded firm.
In the main activity Berger Paints finished at $16, with 23,483 shares, Cable & Wireless settled 2 cents higher at $1.07, with 1,295,319 shares trading, Caribbean Cement ended trading $2 higher at $35, with 393,242 stock units, Carreras traded with a loss of 20 cents at $11.20, with 540,401 units. Ciboney Group finished trading at a 52 weeks’ high after rising 2 cents to close at 27 cents, with 471,130 shares, Grace Kennedy closed 10 cents higher at $43.10, with 102,504 shares, Jamaica Broilers ended at $18.80, with 14,074 stock units, Jamaica Stock Exchange finished with a loss of 1 cent at $7, with 29,960 shares. JMMB Group settled 79 cents higher at $29.40, with 38,687 shares, Kingston Wharves traded with a loss of 99 cents at $33, with 21,845 units passing through the market, Mayberry Investments finished trading at $5.20, with 3,911 shares, NCB Financial Group closed with a loss of $1 at $103, with 34,440 shares. 1834 Investments ended at $1.30, with 20,000 stock units, PanJam Investment concluded trading with a loss of 1 cent at $41.99, with 3,890 units, Pulse Investments settled 1 cent higher at $1.80, with 47,343 shares, Radio Jamaica ended trading at $1.10, with 14,704 stock units, Sagicor Group traded with a loss of $1.40 at $35.60, with 12,516 units. Sagicor Real Estate Fund finished trading with a loss of 50 cents at $14.50, with 336 shares, Salada Foods Jamaica closed at $8.50, with 824,963 shares, Scotia Group ended with a loss of $1.50 at $52, with 155,603 stock units, Seprod finished $1.99 higher at $31.99, with 53,958 shares and Supreme Ventures ended trading with a loss of $1 to $10.80, with 9,303 stock units. In the main market preference segment, JMMB Group 7.5% preference share ended trading 5 cents lower at $1.05, with 4,000 stock units, while in the US dollar market JMMB Group 6% preference share rose modestly to close at US$1.22 with 10,000 units, Margaritaville traded 6,100 units at 19 US cents after falling 1 cent and Proven Investments traded 103,402 ordinary share in the US dollar market at 20.01 US cents after slipping 1 cent.

Prices of securities trading for the day are those at which the last trade took place.

JSE Main market bounces – Monday

Stocks rising and falling were equal at 8 each at the close of trading when the main market of the Jamaica Stock Exchange closed on Monday, with the All Jamaican Composite Index gaining 447.76 points to 321,177.09 and the JSE Index advanced 407.96 points to close at 292,628.66.
Trading ended with 13,891,915 units, valued at $50,338,524 from 22 securities traded in the main market and 42,934 units trading in the US dollar market.
In the main market activity, Barita Investments ended trading with 1,500 shares and lost 3 cents to close at $8.85, Caribbean Cement climbed $1.99 to $33, with 8,450 stock units, Carreras finished at $11.50, with 219,803 units changing hands, Ciboney Group settled 2 cents higher at 19 cents with 2,000 shares. Grace Kennedy finished with a loss of 49 cents at $42.01, while 262,427 shares traded, Jamaica Broilers finished at $18.50, with 4,795 stock units, Jamaica Producers ended trading 35 cents higher at $15.55, with 68,270 units, Jamaica Stock Exchange ended with a loss of 9 cents at $6.90, with 9,200 shares trading. JMMB Group fell $1.60 to $28.90, with 159,108 shares, Kingston Wharves closed 50 cents higher at $33, trading 56,819 units, Mayberry Investments concluded trading at $5, with 111,745 shares, NCB Financial Group ended with a loss of $1 at $107, with 50,770 stock units changing hands. PanJam Investment ended trading with a loss of 50 cents at $42.50, in exchanging 8,200 units, Pulse Investments rose 20 cents to end at $2, with 330,544 shares, Radio Jamaica closed at $1.13, with 3,636 stock units, Sagicor Group ended with a loss of 50 cents at $37.50, and exchanging 135,061 units. Sagicor Real Estate Fund closed 80 cents higher at a new record high of $15.80, with 3,300 shares, Scotia Group lost 36 cents at $51.50, with 20,505 stock units and Supreme Ventures finished trading 3 cents higher at $11.80, with 126,501 shares. In the main market preference segment, JMMB Group 7.5% preference share traded 11,403,244 shares at $1.10 and Jamaica Money Market Brokers 7.5% traded 258,726 units at $1.85. 8.90, with 159,108 stock units. In the US equity market, Margaritaville ended trading 350 units .20 US cents, Productivity Business Solutions traded 3,000 shares at 57.51 US cents and Proven Investments traded 39,584 ordinary shares at 23 US cents.
Prices of securities trading for the day are those at which the last trade took place.

JSE main market slips – Monday

Scotia Group dropped $3 to $46.

Trading on the Main and US dollar market of the Jamaica Stock Exchange ended with an almost even advance decline ratio resulting in the market indices slipping in a shortened trading session that commenced in the afternoon after the regular closing time had passed.
The volume of securities trading and the days last traded price are, Barita Investments that ended with a loss of 25 cents at $7.75, with 6,700 shares. Berger Paints concluded trading with a loss of 75 cents at $11.25, with 7,256 units, Cable & Wireless ended with a loss of 4 cents at $1, with 170,543 stocks changing hands, Carreras finished 50 cents higher at $11.50, with 464,114 units, Grace Kennedy finished $1.45 higher at $43.50, with 5,737 shares, Jamaica Broilers ended 50 cents higher at $17.50, with 39,878 stock units, Jamaica Producers concluded trading at $15, with 13,350 shares, JMMB Group finished 70 cents higher at $22.70, with 41,657 units, Kingston Properties finished at $7, with 2,000 shares, Kingston Wharves dropped $2.22 trading 18,341 shares to end at $28.51. Mayberry Investments traded with a loss of 50 cents at $4.10, with 2,138 units, NCB Financial fell 92 cents to $86.88 with 73,643 units changing hands. 1834 Investments ending at $1.40, with 93,917 stocks, PanJam Investment traded with a loss of 50 cents at $35, with 146,100 units, Portland JSX traded at $9.30, with 2,450 shares, Pulse Investments closed 9 cents higher at $1.80, with 7,701 stock units, Radio Jamaica closed at $1.12, with 49,263 units, Sagicor Group settled with a loss of 40 cents at $34, with 55,255 shares, Sagicor Real Estate Fund concluded trading 50 cents higher at $11.50, with 7,480 shares. Scotia Group dropped $3 to $46, with 44,994 stock units changing hands, Scotia Investments concluded trading 1 cents higher at $35.51, with 2,900 units, Supreme Ventures ended 9 cents higher at $11.09, with 699 shares.
In the main market preference segment, Jamaica Money Market Brokers 7.5% preference share traded at $2, with 232,000 units and JMMB Group 7.5% preference share closed at $1.19, with 503,100 shares.
In the US dollar market, Margaritaville traded just 100 units at 30 US cents, Productive Business Solution US ordinary shares lost 3 cents and closed at 62 US cents trading 750 units, Proven Investments US ordinary share closed at 23.99 US cents, after rising 1.99 US cents in exchanging 99,223 units.

JSE gives up gains in early trading – Tuesday

Demand came in for a number of stocks on Tuesday morning in trading on the Jamaica Stock Exchange with Margaritaville Turks having 577,051 units changing hands having gained 2.47 US cents to trade at 17.47 US cents.
JSE intra 19-04-16Other stocks that came in for decent demand are, Grace Kennedy with 61,027 shares, Jamaica Broilers 79,000 shares, Radio Jamaica 125,520 stock units, Caribbean Cream 143,550 shares, Lasco Financial Services 144,669 units and Lasco Manufacturing with 74,201 shares.
Trading saw all major indices rising after 75 minutes of trading on Tuesday with an average of 57,433 per active stock traded, up from an average of 54,170 units traded in the mid-morning session on Tuesday.
A total of 23 securities compared, accounting for 1,320,967 shares changed hands at 10.45 am as 7 stocks gained and 7 declined.
The market saw the all Jamaica Composite Index dived 3,468.44 points to 167,465.91, the JSE Market Index dropped 3,101.35 points to 150,786.29the JSE combined index ending with a fall of 2,931.71 points to 159,046.28 and the junior market index fell 5.34 points to 1,869.38.

9 stocks rose 12 declined on JSE

Pan Jam closed at $60 after gaining $1.19

Pan Jam closed at $60 after gaining $1.19

Activity on the Jamaica Stock Exchange, resulted in the prices of 9 stocks rising, 12 declining as 28 securities changed hands, ending in 1,649,208 units trading, valued at $11,833,234, in all market segments.
The JSE Market Index gained 112.16 points to 98,382.51, theJSE All Jamaican Composite index rose 125.41 points to end at 108,714.51 and the JSE combined index declined by 12.53 points to close at 100,575.43.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 12 stocks with bids higher than their last selling prices and 13 with offers that were lower. 7 of the lower offers are in the junior market and 2 are preference shares, an indication that main market ordinary JSE sum 21-5-15shares strength remains fairly intact at this stage and may be one reason the main market indices, recorded gains at the end of trading.
Trading included Berger Paints trading 5,000 shares to close with a loss of 40 cents at $2.60, Cable & Wireless ended with 438,117 shares at 46 cents, for a gain of 1 cent, Caribbean Cement slipped 4 cents with 48,850 shares trading, to close at $4.55, Carreras closed with 92,083 units trading at $49, by dropping $1. Desnoes & Geddes lost 44 cents in trading 5,000 shares in closing at $7.26, Grace Kennedy gained 35 cents with 9,905 units changing hands in closing at $62.50. Jamaica Stock Exchange slipped 15 cents with 43,700 shares trading at $3.35, JMMB Group had 73,345 shares trading with a gain of 44 cents to $8.89, JSE fn qts 21-5-15Margaritaville (Turks) ended with 100,000 shares trading at 10 US cents, Mayberry Investments traded just 1,020 units but lost 15 cents to end at $2.85. National Commercial Bank traded unchanged with 25,000 units at $30, Pan Jamaican traded only 1,700 shares to end with a gain of $1.19 at $60, Proven Investments closed with 17,700 units to gain almost a cent to 20.48 US cents. Radio Jamaica traded 50,000 shares unchanged at $2.58, Sagicor Group gained 50 cents in trading 135,347 units to close at $12, Scotia Group gained 36 cents with 2,190 shares trading, to end at $25.32. Scotia Investments traded only 176 units in gaining 35 cents to $25.85, Seprod lost 50 cents in trading 5,000 units at $17.50 and Supreme Ventures lost 30 cents with 10,727 units changing hands at $3.60.