Margaritaville flat profit, growth coming

October 28, 2018 by

Margaritaville Turks traded 531,220 shares at 20 US cents on friday

Margaritaville posted flat profit for the first quarter of the May 2019 fiscal year, with net earnings of US$290,815, down slightly from US$296,412 in 2017.
Revenue was also down moderately to $1.8 million, from $1.86 million in the 2017 period, but growth should be coming when Carnival Lines expands the port facilities in Turks and Caicos in 2019.
Cost declined modestly, with direct expenses falling to $471,386 from $483,803 in 2017, resulting in a gross profit margin of 74 percent, while administrative and other cost declined to $1.057 million, modestly down from $1.082 million in the prior period in 2017.
Earnings per share came in at 0.43 cents. For the full year to May 2018, earnings per share was 1.58 cents resulting from net profit of $1.067 million. The stock trades on the Jamaica Stock Exchange US market at 25 US cents at a PE of 16.
Equity capital stood at $5 million while current assets amounted to $2.7 million with current liabilities of $1.1 million.

Ian Dear Chairman

Going forward Chairman Ian Dear, told IC Insider.com that Carnival Line is expanding the docking facility in Turks and Caicos Islands that will allow much larger ships to dock and will result in increase in the number of passengers landing and will bring more business for the company. According to Dear, the ships currently in use can accommodate up 3,000 passengers plus crew but the newer ships will carry 8,000 passengers and they could have two of these ships on a typical day. The expectation that the first ship should dock in Turks next year. The coming on stream of the increased business will see Margaritaville adding another restaurant, with construction to commence shortly after carnival advises them of date the news ships will commence operations.

Filed Under: Company News, Company Results Tagged With: , , , , , , ,

More stocks less volume trade on JSE – Tuesday

October 23, 2018 by

The number of securities trading rose on Tuesday on the Jamaica Stock Exchange main and US markets to 36 up from 32 on Monday but with less volume of 2,431,671 units valued at $40,003,992 compared with 5,670,913 units valued at $98,003,071 changing hands, on Monday.
Trading closed with Ciboney leading with 1,039,900 units and 42.7 percent of the day’s volume, followed by Scotia Group trading 255,885 shares or 10.5 percent of the day’s volume and Carreras with 166,800 units and 7 percent of volume traded.
The market ended with the prices of 13 securities rising, 9 declining while 14 remained unchanged leading to the All Jamaica Composite Index in slipping 44.99 points to 399,117.95 and the JSE Index falling by 40.99 points to close at 363,641.63. During the morning session the market was up more than 6,000 points with NCB Financial trading up to $128.25.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 5 stocks ending with bids higher than the last selling prices and 5 closing with lower offers, an indication that falling prices are likely to be dominant on Wednesday.
Trading resulted in an average of 78,441 units valued at over $1,290,451, in contrast to 189,030 shares valued at $3,266,769 on Monday. The average volume and value for the month to date amounts to 321,423 shares, valued $5,766,429 and previously 337,978 shares, valued $6,091,383. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Barita Investments lost $1.50 to close at $19.50, in exchanging 93,063 shares, Caribbean Cement rose 99 cents to finish at $47, trading 3,000 shares, Grace Kennedy rose $1 trading of 48,306 shares at $59, Jamaica Broilers climbed $1.50 in trading 110,010 stock units to close at $30, Jamaica Producers added $2.50 to close of $29.50 with 7,255 units changing hands, JMMB Group jumped $1 to $35 trading 30,191 shares, Mayberry Investments fell 50 cents to settle at $10.50, exchanging 11,450 units, Mayberry Jamaican Equities climbed $1.25 to $13 with 90,200 units trading, PanJam Investment gained $2 to end at $64, trading 18,055 shares, Proven Investments ended trading 18,819 shares in the Jamaican dollar based market to close at a record $30 after rising $3.60, Sagicor Group fell by $2 cent to $44, trading 17,852 shares, Scotia Group gained 50 cents in trading 255,885 units to close at $52.50, Seprod finished trading 2,968 shares, with a fall of $3.40 to close at $35.60, Stanley Motta added 25 cents, trading 15,800 units to close at $4.45 and Wisynco Group finished 25 cents down to $10, with 117,281 units trading.
Trading in the US dollar market closed with 109,636 units valued at $134,951 changing hands as JMMB Group 5.75% preference share traded 44,490 units in closing at US$2.05, JMMB Group 6% preference share traded 44,490 units in closing at US$2.05, Margaritaville traded 1,000 shares at 25 US cents,Proven Investments ended trading 28,732 to close at 21 US cents and Sygnus Credit Investments US dollar ordinary share traded 784 units to end at 11 US cents. The JSE USD Equities Index closed unchanged at 164.66.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

More gains for JSE on Monday

October 22, 2018 by

The Jamaica Stock Exchange main market closed higher on Monday with 6 securities rising and 14 declining, resulting from 32 securities trading, including 2 in the US dollar market, compared to 27 trading on Friday.
At the close, as the All Jamaica Composite Index rose 1,422.50 points to close at 399,162.94 and the JSE Index advanced 1,296.05 points to close at 363,682.62.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 7 stocks ending with bids higher than the last selling prices and 5 closing with lower offers.
Trading ended with 5,670,913 units valued at $98,003,071 compared with 10,008,495 units valued at $182,444,407 changing hands, on Friday.
Trading closed with Mayberry Jamaican Equities leading with 3,520,660 units and 62 percent of the day’s volume, followed by Carreras trading 565,510 shares or 10 percent of the day’s volume and Kingston Wharves with 265,590 units and 4.7 percent of volume traded.
Trading resulted in an average of 189,030 units valued at over $3,266,769, in contrast to 400,340 shares valued at $7,297,776 on Friday. The average volume and value for the month to date amounts to 337,978 shares, valued $6,091,383 and previously 348,491 shares, valued $6,304.830. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Caribbean Cement dropped $2.71 to finish at $46.01, trading 13,702 shares, Grace Kennedy lost $1 and ended trading of 219,329 shares at $58, Jamaica Broilers lost $1.50 in trading 50,860 stock units to close at $28.50, Jamaica Producers lost $2.75 to close of $27 with 8,968 units changing hands, JMMB Group jumped $2.45 and ended at $34 trading 10,022 shares, Kingston Wharves fell $5.50 in exchanging 265,590 stock units, to close at $75, Mayberry Jamaican Equities dropped $1.25 to settle at $11.75 with 3,520,660 units trading, NCB Financial Group jumped $14 and ended at $125, trading 171,031 shares, PanJam Investment dropped $1 to $62 trading 10,732 shares, Sagicor Group fell 50 cent to $46, trading 18,940 shares, Salada Foods climbed $3.10 to end trading 200 stock units at $24.90, Sagicor Real Estate Fund lost 35 cents to close at $13.25, trading 91,219 shares, Stanley Motta dropped 80 cents, trading 30,100 units to close at an all-time low of $4.20, Supreme Ventures declined by 51 cents to end at $17, with 57,512 shares changing hands and Victoria Mutual Investments fell 40 cents and concluded trading of 142,057 stock units at $4.10.
Trading in the US dollar market closed with 8,656 units valued at US$1,452 changing hands as Proven Investments ended trading 5,000 to close at 21 US cents and Sygnus Credit Investments US dollar ordinary share traded 3,656 units to end at 11 US cents. The JSE USD Equities Index closed unchanged at 164.66.

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JSE closed with some sharp price changes

October 11, 2018 by

Seprod jumped $12 to a record high of $62.

The Jamaica Stock Exchange main market climbed robustly on Thursday with reduced market activity but with rising stocks outpacing falling ones as the market close with some big price changes.
At the end of trading, All Jamaica Composite Index surged 4,547.81 points to close at a record close of 416,996.17 and the JSE Index jumped 4,143.57 points to record close of 379,930.71.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 5 stocks ending with bids higher than the last selling prices and 2 closing with lower offers, suggesting a fairly even match, between rising and declining stocks on Thursday.
A total of 30 securities traded including 4 in the US dollar market, compared to 32 trading on Wednesday with the prices of 13 securities rising, 7 declining and 10 holding firm.
Mayberry Investments traded at an all-time intraday high of $10.01, Sagicor Group ended at a 52 weeks’ closing high of $42.51, Salada Foods closed at a 52 weeks’ high of $26.50 and Seprod closed at a 52 weeks’ high of $62.
Trading ended with major contraction in trading volume in the main market compared to Wednesday’s levels, with 5,137,117 units valued at $72,997,097 compared with 16,795,459 units valued at $285,223,377 changing hands on Wednesday.
Trading closed with Jamaica Stock Exchange led with 1,418,661 units and 27.62 percent of the day’s volume, followed by Mayberry Investments with 1,140,593 units, accounting for 22.20 percent of volume traded and Wisynco Group with 511,686 units and 9.96 percent of the day’s volume.
Trading resulted in an average of 197,581 units valued at over $2,807,581, in contrast to 559,849 shares valued at $9,507,446 on Wednesday. The average volume and value for the month to date amounts to 387,353 shares, valued $7,202,432 and previously, 406,855 shares, valued $7,710,282. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Jamaica Broilers dived $3.86 in trading 16,347 stock units to close at $28.55, JMMB Group dropped $3 and ended at $34, with 241,121 shares trading, Kingston Wharves lost 50 cents in exchanging 4,609 stock units, to close at $82.50, NCB Financial Group rose $1.99 and settled at $129.99, with 25,724 units changing hands, Salada Foods rose 50 cents to a record close of $26.50 in trading 18,000 shares, Sagicor Group climbed $1.51 to a 52 weeks’ high of $42.51, after trading 222,370 shares, Sagicor Real Estate Fund rose 30 cents to end at $14.50, trading 79,469 shares, Scotia Group lost 90 cents trading 38,937 units to close at $59.10, Seprod jumped $12 and finished trading at record $62, with 3,637 shares changing hands, Supreme Ventures jumped $5.40 to end at $20.90, with 218,727 shares changing hands and Wisynco Group lost 15 cents to end at $9.85, trading 511,686 shares.
Trading in the US dollar market closed with 44,592 units valued at US$26,775, changing hands, JMMB Group ended gained 1 cent to close at $1.08 trading 20,000 stock units, Margaritaville settled at 25 US cents with 583 shares trading,Proven Investments traded 21,809 shares to close at 22 US cents and Sygnus Credit traded 2,200 units and lost 1 cents to end at 10.50 cents. The JSE USD Equities Index rose 0.49 points to 171.21.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , ,

JSE in sharp drop on Wednesday

October 10, 2018 by

The Jamaica Stock Exchange main market dropped sharply on Wednesday with increased market activity but with rising stocks outpacing falling ones by 80 percent.
At the end of trading, All Jamaica Composite Index dropped 3,927.81 points to 412,448.36 and the JSE Index declined by 3,578.68 points to close at 375,787.14.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 5 stocks ending with bids higher than the last selling prices and 2 closing with lower offers, suggesting a fairly even match, between rising and declining stocks on Thursday.
A total of 32 securities traded, including 3 in the US dollar market, compared to 31 trading on Tuesday with the prices of 14 securities rising, 8 declining and 10 holding firm.
Jamaica Producers traded at 52 weeks’ high during the day, of $33 and Jamaica Stock Exchange traded at an intraday high of $9.20, but both fell back by the close, while Mayberry Investments closed at an all-time high of $10. Barita Investments ended at a 52 weeks’ closing high of $19.50, Salada Foods closed at a 52 weeks’ high of $26 and Radio Jamaica traded at a 52 weeks’ intraday low of 80 cents.
Trading ended with major contraction in the value of trades in the main market, compared to Tuesday’s levels, with 16,795,459 units valued at $285,223,377 versus  9,264,518 units valued at $430,892,380 changing hands on Tuesday.
Trading closed with Wisynco Group leading with 10,860,918 units accounting for 64.67 percent of the day’s volume, followed by Grace Kennedy with 1,515,091 units or 9 percent of total volume traded and Supreme Ventures with 1,278,248 units and 7.6 percent of the day’s volume.
Trading resulted in an average of 559,849 units valued at $9,507,446, in contrast to 330,876 shares valued at $15,389,014 on Tuesday. The average volume and value for the month to date amounts to 406,855 shares, valued $7,710,282 and previously, 386,273 shares, valued $7,433,795. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Barita Investments rose 70 cents to end at a 52 weeks’ close at $19.50, trading 8,100 shares, Caribbean Cement rose 86 cents to finish at $49.95, in exchanging 34,400 shares, Grace Kennedy lost 55 cents and ended trading 1,515,091 shares at $60.95, Jamaica Broilers declined by 41 cents in trading 63,380 stock units to close at $32, JMMB Group rose $1 and ended at $37, with 395,580 shares, Kingston Wharves jumped $8 in exchanging 1,670 stock units, to close at $83, Mayberry Investments rose 80 cents to finish at a record $10, trading 101,446 stock units, NCB Financial Group lost $2 and settled at $128, with 159,788 units, 138 Student Living fell 40 cents and closed at $4.60, with 279 stock units trading, Salada Foods jumped $5.29 to a record close of $26 in trading just 200 shares, Sagicor Real Estate Fund fell 80 cents to end at $14.20, trading 155,029 shares, Sterling Investments dropped $4.30 and closed at $23.30 with 29,383 shares changing hands, Supreme Ventures dived $5.40 to end at $15.50, with 1,278,248 shares changing hands and Wisynco Group rose 40 cents to $10, trading 10,860,918 shares.
Trading in the US dollar market closed with 50,462 units valued at $10,394, changing hands, Proven Investments traded 45,387 shares to close at 22 US cents and Sygnus Credit 5,075 units and rose 0.5 cents to end at 11.5 US cents. The JSE USD Equities Index lost 1.02 points to 170.72.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Declining stocks dominate JSE

October 9, 2018 by

The Jamaica Stock Exchange main market ended with modest gains on Tuesday with increased market activity but with falling stocks distancing advancing ones by 25 percent.
At the end of trading, All Jamaica Composite Index gained 470.64 points to close at 416,376.17 and the JSE Index rose 428.81 points to 379,365.82.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 11 stocks ending with bids higher than the last selling prices and 2 closing with lower offers, suggesting mostly gains ahead for stocks on Wednesday.
A total of 31 securities traded including 3 in the US dollar market, compared to 27 trading on Monday with the prices of 12 securities rising, 15 declining and 4 holding firm.
Kingston Wharves traded at 52 weeks’ high during the day of $85 and Mayberry Equities traded at an intraday high of $13.25, but both fell back by the close, while Sterling Investments closed at a 52 weeks’ high of $27.60 and Radio Jamaica ended at a 52 weeks’ low of 85 cents.
Trading ended with major contraction in trading volume in the main market compared to Monday’s levels, with 9,264,518 units valued at $430,892,380 compared to 13,217,499 units valued at $228,334,356 changing hands on Monday.
Trading closed with Kingston Wharves led with 5,087,056 units and accounting for 54.91 percent of the day’s volume followed by Ciboney with 1,393,189 units or 15.04 percent of total volume traded and Carreras with 737,720 units and 7.96 percent of the day’s volume.
Trading resulted in an average of 330,876 units valued at over $15,389,014, in contrast to 528,700 shares valued at $9,133,374 on Monday. The average volume and value for the month to date amounts to 386,273 shares, valued $7,433,795 and previously, 394,228 shares, valued $6,099,986. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Berger Paints rose 51 cents to end at $22.50, trading 8,578 stock units, Caribbean Cement shed 91 cents to finish at $49.09, in exchanging 23,096 shares, Grace Kennedy lost 50 cents and ended trading 19,357 shares at $61.50, Jamaica Broilers declined by $1 in trading 42,674 stock units stock units to close at $32, Jamaica Producers rose 50 cents and finished trading 17,843 units at $30, JMMB Group fell $1 and ended at $36, with 202,220 shares, Kingston Wharves dropped $7.99 in exchanging 5,087,056 stock units to closed at $75, Mayberry Investments lost 30 cents to finish at $9.20, trading 161,000 stock units, PanJam Investment grew 69 cents to $64.70,with 4,715 stock units trading, Sagicor Real Estate Fund rose $1 to end at $15, trading 47,645 shares, Scotia Group declined $1 to close at $60, trading 167,808 units, Seprod jumped $1 trading 3,600 shares, to close at $50, Sterling Investments jumped $2.60 and closed at a 52 weeks’ high of $27.60 with a mere 300 shares changing hands, Supreme Ventures rose 40 cent to end at $20.90, with 39,955 shares changing hands and Wisynco Group rose 25 cents to $9.60, trading 452,414 shares.
Trading in the US dollar market closed with 5,608 units valued at $3,002, changing hands JMMB Group 6 percent preference share traded 2,035 units to end at US$1.07, Margaritaville traded 1,298 shares at 25 US cents after rising by 1 cent, Proven Investments lost 1 cent in trading 2,275 shares to close at 21 US cents. The JSE USD Equities Index lost 3.53 points to 171.74.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

All Jamaica hits new record but falters

October 8, 2018 by

The Jamaica Stock Exchange main market declined on Monday after posting another intraday high of 418,00.53 Points.
At the end of trading, All Jamaica Composite Index lost 1,050.58 points to close at 415,905.53 and the JSE Index fell 957.20 points to 378,937.01.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 8 stocks ending with bids higher than the last selling prices and 4 closing with lower offers, suggesting mostly gains ahead for stocks.
A total of 27 securities traded including 2 in the US dollar market, compared to 32 trading on Friday with the prices of 13 securities rising, 7 declining and 7 holding firm.
There were 6 securities trading at 52 weeks’ highs during the day, with just ending at a 52 weeks’ closing highs. Stocks trading at new highs are Mayberry Investments, JMMB Group, NCB Financial Group and PanJam Investment, while Radio Jamaica ended at a 52 weeks’ low.
Trading ended with major contraction in trading volume in the main market compared to Friday’s levels, with 13,217,499 units valued at $228,334,356 compared to 3,405,863 units valued at $88,834,288 changing hands on Friday.
Trading closed with Wisynco Group led with 10,075,318 units and 76.23 percent of the day’s volume followed by NCB Financial Group with 609,701 units or 4.61 percent of the day’s volume and Jamaica Producers with 551,409 units or just 4.17 percent of the volume traded.
Trading resulted in an average of 528,700 units valued at over $9,133,374, in contrast to 117,444 shares valued at $3,063,251 on Friday. The average volume and value for the month to date amounts to 394,228 shares, valued $6,099,986 and previously, 448,288 shares, valued $6,994,366. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Caribbean Cement gained 90 cents to finish at $50, in exchanging 5,195 shares, Grace Kennedy rose $1 and ended trading 14,811 shares at $62, Jamaica Broilers rose 51 cents in trading 42,674 stock units stock units to close at $33, Jamaica Producers rose 49 cents and finished trading 551,409 units at $29.50 Mayberry Investments rose 50 cents to finish at $9.50, trading 134,512 stock units, NCB Financial Group dropped $3.50 trading 609,701 shares to end at $130, PanJam Investment fell 89 cents and closed at $64.01,with 40,270 stock units trading, Sagicor Group gained $1.05 to settle at $41.05, with 24,540 shares, Sagicor Real Estate Fund lost $1 to end at $14, trading 113,782 shares, Scotia Group rose $1 in trading 256,277 units to close at $61, Seprod jumped $2.20 in trading 3,289 shares to close at $49, Stanley Motta rose 75 cents to close at $5.25 with 15,863 shares trading Sterling Investments jumped $2.99 and closed at a 52 weeks’ high of $25 with 22,000 shares changing hands and Sygnus Credit Investments lost 36 cents in trading 18,302 shares to end at $12.51.
Trading in the US dollar market closed with 54.335 units valued at $8,377, changing hands. Proven Investments traded 20,000 shares to close at 23 US cents and Sygnus Credit Investments US dollar based ordinary share traded 34,335 units to end at 11 US cents. The JSE USD Equities Index gained 0.12 points to 175.27.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

More records signaled for JSE

October 3, 2018 by

Jamaica Stock Exchange main market climbed to another record close on Wednesday past the 408,000 points mark based on the movement of the All Jamaica Composite Index. Closing quotes suggest that the market should move higher on Thursday.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and only 1 closing with a lower offer, suggesting mostly gains ahead for stocks.
At the end of trading All Jamaica Composite Index climbed 3,109.71 points to close at a record closing high of 408,452.60 and the JSE Index jumped 2,833.30 points to a record close of 372,146.54.
A total of 32 securities traded including 3 in the US dollar market, compared to 29 trading on Tuesday with the prices of 20 securities rising, 5 declining and 4 that held firm. The market had 4 new highs during trading but ended with just two closing at a 52 weeks’ high.
The main market ended with 2,630,637 units valued at over $70,273,331 changing hands, compared to 3,284,901 units valued at $66,139,568 changing hands on Tuesday.
Trading closed with JMMB Group accounting for with 740,000 shares or 19.22 percent of the day’s volume, followed by Sagicor Group with 539,066 units and 14 percent of the volume traded and Grace Kennedy with 434,750 units and 11.3 percent of the day’s volume.
Trading resulted in an average of 132,745 units valued at over $3,474,891, in contrast to 97,431 shares valued at $2,602,716 on Tuesday. The average volume and value for the month to date amounts to 114,884 shares valued $2,790,409 and previously, 105,635 shares valued $2,435,945. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Berger Paints dropped $1.50 and ended at $21, trading 12,969 stock units, Caribbean Cement lost 90 cents to finish at $49.10, in trading 20,497 shares, Jamaica Broilers rose $1 in trading 25,397 stock units at $31, Jamaica Producers lost $2 to close at $30, trading 204,464 stock units, Kingston Wharves added $1.10 to close at a record $75.10, with 6,139 stock units changing hands, Mayberry Equities rose 15 cents to finish at closing high of $11.60, trading 122,247 stock units, PanJam Investment rose 5 cents and ended at 52 weeks’ closing high of $64.90, while exchanging 3,376 stock units, Portland JSX ended at $9 with 19,245 units trading after falling 50 cents, Pulse Investments lost 40 cents and concluded trading of 24,989 shares at $2.40, Sterling Investments close at $24, with 19,180 shares changing hands after trading at an all-time intraday high of $28 and Supreme Ventures rose $1.50 in trading 88,917 shares to end at $21.
Trading in the US dollar market closed with 70,385 units valued at $22,180 as JMMB Group 6 percent preference share concluded trading of 50,000 shares at $1.06, Margaritaville rose 4.1 cents and ended at $0.24 with 1,200 shares trading and Proven Investments traded 3,200 shares to close at 23 US cents. The JSE USD Equities Index advanced by 1.73 points to close at 174.64.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

New record high for JSE main market

October 2, 2018 by

Jamaica Stock Exchange main market surged past the 405,000 points for the first time based on the movement of the All Jamaica Composite Index on Tuesday aided by the prices of 20 stocks rising.
At the end of trading All Jamaica Composite Index advanced 2,242.60 points to a record close of 405,342.89 and the JSE Index rose 2,043.26 points to a record close of 369,313.24.
A total of 29 securities traded including 2 in the US dollar market, compared to 33 trading on Monday with the prices of 20 securities rising, 5 declining and 4 that held firm. The market closed with 4 new highs with three closing at a 52 weeks’ high and Radio Jamaica trading at a 52 week’s low of 90 cents.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and only 2 closing with lower offers.
The main market ended with 2,630,637 units valued at over $70,273,331 changing hands, compared to 3,284,901 units valued at $66,139,568 changing hands on Monday.
Trading closed with Sagicor Real Estate Fund accounting for 598,360 units or 22.75 percent of the day’s volume, followed by Wisynco Group with 522,434 units and 19.86 percent of the volume traded and NCB Financial Group with 211,075 units and 8 percent of the day’s volume.
Trading resulted in an average of 97,431 units valued at over $2,602,716, in contrast to 113,272 shares valued at $2,280,675 on Monday. The average volume and value for the month to date amounts to 1,022,243 shares valued $15,752,876. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Caribbean Cement rose $2 to finish at $50, in trading 157,526 shares, Grace Kennedy climbed $3 and ended trading 39,239 shares at a 52 weeks’ high of $63, Jamaica Producers rose $4 to close at 52 weeks’ closing high of $32, trading 59,422 stock units, JMMB Group gained 49 cents and ended at $32.99, with 150,136 shares trading, Kingston Wharves added $2 to close at $74, with 5,513 stock units changing hands, Mayberry Investments climbed 25 cents to finish at $8.50, with 93,300 stock units trading, Mayberry Equities rose 45 cents to finish at $11.45, trading 21,567 stock units, NCB Financial Group climbed $1.25 and ended trading of 211,075 shares at $130, while 138 Student Living rose $1.20 and finished at $5 while trading 10,000 stock units, PanJam Investment jumped 35 cents and ended at 52 weeks’ closing high of $64.85, while exchanging 76,624 stock units, Portland JSX climbed $1.15 and ended at $9.50, in exchanging 51,000 units. Sagicor Real Estate Fund jumped $1.89 to settle at $13, trading 598,360 shares, Salada Foods rose $1.20 and ended trading of 101,826 stock units at 52 weeks’ high of $20, Seprod traded 1,605 units after gaining 50 cents to close at $43.50, Scotia Group lost $1.10 trading 6,756 units to close at $60.90, Sterling Investments jumped $1 to end at a 52 weeks’ closing high at $24, with 22,457 shares changing hands and Supreme Ventures dropped $4.40 in trading 27,237 shares to end at $19.50.
Trading in the US dollar market closed with 70,385 units valued at $22,180 as JMMB Group 5.75 percent preference share concluded trading of 3,385 shares at $2 and Proven Investments traded 67,000 shares and rose 3 cents to close at 23 US cents. The JSE USD Equities Index advanced by 11.88 points to close at 172.91.

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Q4 off to record high for JSE majors

October 1, 2018 by

Stocks surged to new record high on the Jamaica Stock Exchange main market at the start of October, as the market opened, with the All Jamaica Composite Index jumping within 535 points of the critical 400,000 mark and with 35 minutes of trading, it climbed over 400,000 points for the first time.
At the end of trading All Jamaica Composite Index jumped 9,823 points to a record close of 403,100.29 after it earlier jumped 10,773.36 points with just 13 minutes to close and the JSE Index surged 8,949.87 points to a record close of 366,558.39 after trading higher to a record intraday high of 368,135.86.
A total of 33 securities traded including 4 in the US dollar market, compared to 32 trading on Friday with the prices of 10 securities rising, 12 declined and 11 held firm. The market closed with 3 new highs and Radio Jamaica trading at a 52 week’s low of 92 cents.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and only 2 closing with a lower offer.
The main market ended with 3,284,901 units valued at $66,139,568 changing hands, compared to 7,891,758 units valued at $231,891,130 changing hands on Friday.
Trading closed with Sagicor Real Estate Fund accounting for 1,221,240 units or 37.18 percent of the day’s volume, followed by with 342,484 units and 10.43 percent of the volume traded and with 252,932 units 7.70 percent of the day’s volume.
Trading resulted in an average of 113,272 units valued at $2,280,675 units, in contrast to 281,849 shares valued at $8,281,826 on Friday. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Barita Investments lost 49 cents to close at $18.51, in trading 9,748 shares, Caribbean Cement rose 96 cents to finish at $48, in the trading of 8,500 stock units, Jamaica Producers rose $2 to close at 52 weeks’ closing high of $28, trading 10,364 stock units, Kingston Wharves lost $2 to $72, with 4,140 stock units changing hands, Mayberry Investments climbed 25 cents to finish at $8.25, with 32,181 stock units trading, NCB Financial Group climbed $3.75 and ended trading of 77,954 shares at $128.75, PanJam Investment jumped $6.50 and ended at 52 weeks’ closing high of $64.50, while exchanging 3,510 stock units, Sagicor Group gained 90 cents to settle at $39, in the trading of 157,640 shares. Sagicor Real Estate Fund dived $2.39 to settle at $11.11, trading 1,221,240 shares, Scotia Group rose $2 trading 64,186 units to close at $62.00, Sterling Investments jumped $1 to end at a 52 weeks’ closing high at $23, with 3,352 shares changing hands and Sygnus Credit Investments traded 12,500 shares and fell 50 cents to end at $12.50.

Trading in the US dollar market closed with 20,932 units valued at $7,170 as JMMB Group 5.75 percent preference share concluded trading of 2,500 shares at $2, Proven Investments traded 2,088 shares at 20 US cents, Sygnus Credit Investments US dollar based ordinary share traded 7,500 units but lost 1 cent to end at 10 US cents and Sygnus Credit Investments US dollar based ordinary share traded 8,844 units to end at 11 US cents. The JSE USD Equities Index declined by 0.63 points to close at 161.03.

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