Both the main market indices and the junior index fell in early trading on Wednesday. A fall in the prices of National Commercial Bank and Caribbean Cream seem to be the main factors for the decline as declining stocks out did advancing ones.
Market activity saw, Caribbean Cream traded 100,000 shares and lost 45 cents to trade at $6.55 while Jetcon Corporation has so far seen 293,383 units changing hands at $9.50 having opened at $10 and Cable & Wireless ended with 1,074,228 trading down to $1.18.
Securities changing hands, amount to 28 at 10:45 am, compared to 36 on Tuesday. A total of 6 securities advanced and 14 declined, resulting in a volume of 2,342,522 shares changing hands, carrying a value of $11,878,847, compared of 2,005,791 shares changing hands, carrying a value of $21,705,565 on Tuesday. The average number of shares traded, amount to 83,662 units versus 55,716 units on Tuesday.
The all Jamaica Composite Index fell -576.94 points to 212,944.47, the Jamaica Stock Exchange Market Index lost -515.89 points to 194,784.79, the Jamaica Stock Exchange combined index lost 565.40 points to 208,971.00 and the junior market index fell 8.47 points to 2,757.63.
Both markets down in early trading
Jamaican stocks cede ground on Tuesday
The main market of the Jamaica Stock Exchange, ceded some grounds to close out Tuesday ‘s trading. Advancing stocks being just below decliners.
At the close the All Jamaica Composite Index lost 118.15 points to close at 213,521.41 and is just 9 points adrift from the all-time high reached on January 6. The JSE Market Index slipped 105.65 points to finish at 195,300.68 and the JSE combined index fell 50.23 points to close at 209,536.40.
The market closed with 40 securities changing hands, 16 stocks gained and 11 declined in the overall market, including 6 stocks rising and 5 falling, in the junior market.
At the close with 4,982,675 units valued at $90,430,065 changed hands, compared to 24,599,887 units valued at $157,873,358 changing hands on Monday. Of the stocks traded, the junior market accounted for 1,234,173 units, changing hands, valued at $7,873,809.
The average trade for the day in the main market ended at 138,833 shares compared to an average of 688,233 units traded on Monday. The average for the month to date, is 489,448 versus 840,062 units on the previous trading day, well below the average of 549,379 units, December ended with.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 7 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Berger Paints ended trading of 32,268 shares to close at $6, Cable and Wireless ended with 1,623,683 units at $1.30, after gaining 15 cents, Caribbean Cement ended with a fall of $1 while trading 255,458 shares to close at $32, Carreras closed at $66.50 with 7,191 shares changing hands after falling by 25 cents. Grace Kennedy had 112,010 units trading, with the price rising 55 cents, to close at $40.65, Jamaica Broilers fell 88 cents and closed at $14.62 with 54,101 shares changing hands, Jamaica Producers traded 30,807 shares to end at $9.50, Jamaica Stock Exchange traded 72,932 shares, to end at $5.60, JMMB Group traded 79,284 units to end at $15.20. Kingston Wharves gained 51 cents in trading 11,095 units to close at 52 weeks’ high of $25.51, National Commercial Bank fell 25 cents swapping 10,672 shares to close at $51.75, investors swapped 877,115 units of 138 Student Living at $4.50. Pan Jam Investment traded 47,415 units with the price jumping $3.40 to end at a $30, Portland JSX traded 3,242 units to end with a loss of 80 cents at a 52 weeks’ low of $10.20.
Pulse Investments traded 24,651 units and gained 50 cents to close at $4.50, but ended trading with the offer at $4. Radio Jamaica traded 337,368 shares to close at $1.28, Sagicor Group closed with 4,900 shares changing hands with a rise of 9 cents at $28.30, Scotia Group with 49,400 shares changing hands, rose 50 cents to close at $36.50, Scotia Investments fell 1 cent with 16,232 units trading, to end at $32.49. Seprod traded 21,012 shares but lost 89 cents in closing at $29.51, Supreme Ventures lost 14 cents in trading 37,216 units at $5.15 and Proven Investments traded 14,970 ordinary shares to close at 21.99 US cents.
TTSE gains beat declines 2 to 1 – Monday
TCL closed at $5.10 on Friday.
Trading resulted in an exchange of 287,730 units valued at $3,325,149 compared to 166,719 shares valued at $2,032,545 on Friday.
The Composite Index gained 0.16 points to 1,215.71, the All T&T Index lost 0.69 points to 1,836.97 and the Cross Listed Index rose 0.14 points to 79.49.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 6 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| Clico Investments added 1 cent to close at $22.60 with of 8,000 shares changing hands, Guardian Holdings closed at $13.01, adding 1 cent with an exchange of 212,389 shares valued at $2,761,059. National Commercial Bank closed at a 52 weeks’ high of $3.12 with a gain of 2 cents and 10,000 units changing owners and Trinidad Cement climbed 5 cents to a 52 weeks’ high of $5.15 with 4,000 units traded.
Losses| Massy Holdings lost 49 cents to close at $51.50 with 355 shares being exchanged and Trinidad & Tobago NGL closed at $20.45, down 5 cents with 2,595 shares changing owners.
Firm Trades| Grace Kennedy closed at $2.67 with 5,700 units changing hands, Republic Financial Holdings, with an exchange of 63 shares, closed at $108.43. Sagicor Financial held firm at $8.10 with 20,952 units being traded, Scotia Investments was unchanged at $2.10 with trades of 18,051 units, Scotiabank exchanged a mere 25 units to close at $58.75, L.J. Williams exchanged 5,400 shares, closing at 66 cents and West Indian Tobacco closed at $127.02 with 200 shares changing hands.
Jamaican stocks close at new high on Monday
Seprod closed at 52 weeks’ high on Monday of $30.40.
At the close the All Jamaica Composite Index jumped 2,649.71 points to close at 213,639.56 and is just 9 points adrift from the all-time high reached on January 6. The JSE Market Index surged 2,369.31 points to finish at 195,406.33 or 8 points below the high on the 6th of January. Thanks to moderate gains in the junior market, the JSE combined index climbed 2,217.41 points to close at an all-time high of 209,586.63.
The market closed with 40 securities changing hands, 16 stocks gained and 11 declined in the overall market, including 7 stocks rising and 3 falling, in the junior market.
At the close with 24,599,887 units valued at $157,873,358 changed hands, compared to 34,147,320 units valued at just $169,240,005 changing hands on Friday. Of the stocks traded, the junior market accounted for 7,394,074 units, changing hands, valued at $28,781,077.
The average trade for the day in the main market ended at 688,233 shares compared to an average of 1,241,085 units traded on Friday. The average for the month to date, is 840,062 versus 991,892 units on the previous trading day, well below the average of 549,379 units, December ended with.IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Berger Paints ended trading of 616,346 shares to close at $6, Cable and Wireless ended with 1,036,695 units at $1.15, after gaining 7 cents, Caribbean Cement ended with a fall of $3 while trading 36,007 shares to close at $33, Carreras closed at $66.75 with, 9,147 shares changing hands. Grace Kennedy had 37,432 units trading, with the price falling 35 cents, to close at $40.10, Jamaica Broilers rose by 50 cents and closed at $15.50 with 1,161,456 shares changing hands, Jamaica Producers traded 88,336 shares to end at $9.50, Jamaica Stock Exchange traded 405,100 shares, to end at $5.60, JMMB Group traded 1,148,746 units to end at $15.20. 1 Kingston Wharves gained 44 cents in trading 6,985 units to close at $24.99, National Commercial Bank traded 11,735 shares to close at $52, investors swapped 8,566,723 units of 138 Student Living at $4.50. Pan Jam Investment traded just 950 units with the price jumping $3.40 to end at a 52 weeks’ closing high of $30, Portland JSX traded 2,000 units to end with a gain of 75 cents at $11.
Sagicor Group closed with 254,756 shares changing hands with a loss of 83 cents at $28.21, Scotia Group with 35,233 shares changing hands, rose 98 cents to close at $36, Scotia Investments gained $1 with 114,529 units trading, to end at $32.50, Seprod traded 334,564 shares to gain 40 cents in closing at a 52 weeks’ high of $30.40. Supreme Ventures lost 11 cents and traded 3,224,068 units at $5.29, Proven Investments traded 25,000 ordinary shares to close at 21.99 US cents, JMMB US 6% preference share ended at US$1.09, with 36,325 units changing hands and JMMB 7.25% preference share ended at $1.50, with 64,216 units being traded.
Jamaican stock indices eased again on Friday
The main market of the Jamaica Stock Exchange, lost some more grounds at the close on Friday but the junior market hit a new closing high, even as advancing stocks beat out declining ones 2 to 1.
At the close the All Jamaica Composite Index , fell 208.15 points to close at 210,989.85 The JSE Market Index lost 186.11 points to finish at 193,037.02. Thanks to moderate gains in the junior market, the JSE combined index fell by a smaller 107.92 points to close of 207,369.22.
The market closed with 44 securities changing hands, 1stocks gained and 11 declined in the overall market, including 11 stocks rising and 5 falling, in the junior market.
At the close with 34,147,320 units valued at $169,240,005 changed hands, compared to 6,801,958 units valued at $105,007,240 changing hands on Thursday. Of the stocks traded, the junior market accounted for 1,879,103 units, changing hands, valued at $12,784,650.
The average trade for the day in the main market ended at 1,241,085, shares compared to an average of 242,331 units traded on Thursday. The average for the month to date, is 991,892 versus 742,670 units on the previous trading day, well below the average of 549,379 units, December ended with.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the 
Investor’s Choice bid-offer indicator reading shows 9 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Barita Investments lost 17 cents, and ended trading 24,311 shares, to close at $6, Berger Paints traded 18,379 units at $6, Cable and Wireless ended with 603,857 units to end at $1.08, after gaining 10 cents, Caribbean Cement ended with a rise of 60 cents while trading just 15,154 shares to close at $36. Carreras recovered 75 cents and closed at $66.75 with 16,835 shares changing hands. 1834 Investments rose 4 cents to end at $1.32 with 102,524 units changing hands, Grace Kennedy had 3,256 units trading, with the price falling 20 cents, to close at $40.45. Jamaica Broilers declined by 50 cents and closed at $15 with 14,107 shares changing hands, Jamaica Producers traded 66,566 shares and rose by 9 cents to end at $9.50, Jamaica Stock Exchange in trading 67,603 shares, ended at $5.60, 
JMMB Group traded 23,852 units and gained 19 cents to end at $15.20. National Commercial Bank traded 30,975 shares to close at $52, 138 Student Living ended trading with 30,734,795 shares at $4.50, Portland JSX traded 12,922 units at $10.25 after falling 72 cents. Sagicor Group closed with 246,978 shares changing hands with a rise of 94 cents to end at $29.04, Scotia Group with 88,319 shares changing hands, rose 1 cent to close at $35.02, Scotia Investments with 24,440 units trading, ended at $31.50, Seprod traded 5,546 shares in closing at $30. Supreme Ventures traded 50,536 units to gain 29 cents to close at $5.40 and Proven Investments traded 11,998 ordinary share to close at 22 US cents.
Cemex offer rejected by market so far
TCL closed at 52 weeks’ high of $5.10 on Thursday.
Trinidad Cement stock closed at $5.10 on the Trinidad market, with 85,800 units changing hands valued at $436,690. The price shot past the Cemex revised offer price of $5.07 by adding 5 cents in trading on Thursday in closing at a 52 weeks’ high. Importantly the stock has a bid of $5.10 to buy 39,475 shares and closed without an offer being posted a sure sign of higher prices ahead.
Activity climbed sharply from the lows levels experienced for 2017 to date as 15 securities traded, compared to 7 on Wednesday. A total of 6 stocks advanced, 1 fell and 8 remained unchanged as 328,077 units changed hands, valued at $2,705,386 compared to a mere 28,747 shares valued at $573,758 on Wednesday.
The Composite Index gained 0.33 points to 1,215.28 points, the All T & T Index rose 0.15 points to 1,837.11 points. The Cross Listed Index gained 0.07 points to 79.35 points.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| Guardian Holdings advanced 10 cents to $12.90 with an exchange of 35,031 shares valued at $451,900, National Enterprises added 1 cent to close at $10.69 with 2,045 shares changing owners, Sagicor Financial gained 8 cents, closing at a 52 weeks’ high of $8.10 with 3,000 units being traded. Trinidad & Tobago NGL closed at $20.50, up 1 cent with 20,000 shares changing hands valued at $409,878 and West Indian Tobacco, swapped 5,580 units valued at $708,757, closed trading with a rise of 2 cents at $127.02.
Losses| Calypso Macro lost 1 cent to close at a 52 weeks low of $21.88 with 1,000 shares being exchanged.
Firm Trades| Angostura Holdings closed at $14.70, with 12,025 units changing owners, Clico Investments held firm at $22.60 with 581 shares being exchanged, First Citizens closed trading at $34.97 with 55 units changing hands, National Commercial Bank was unchanged at $3.10 with an exchange of 50,000 shares. National Flour closed at $2.40 with only 10 units being traded, Prestige Holdings ended trading at $11 with 164 shares changing hands, Scotia Investments held firm at $2.10 with trades of 112,000 units and Scotiabank closed at $58.75 with 786 shares changing ownership.
Jamaican stocks mostly up – Thursday
The main market of the Jamaica Stock Exchange, lost some more grounds at the close on Thursday but the junior market hit a new closing high, even as advancing stocks beat out declining ones 3 to 1.
At the close the All Jamaica Composite Index , fell 82.08 points to close at 211,198.00 The JSE Market Index lost 1,374.61 points to finish at 193,223.13. Thanks to moderate gains in the junior market, the JSE combined index rose 240.58 points to close of 207,477.14.
The market closed with 43 securities changing hands, 23 stocks gained and 7 declined in the overall market, including 5 stocks rising and 6 falling, in the junior market.
At the close with 6,801,958 units valued at $105,007,240 changed hands, compared to 55,154,094 units valued at just $80,360,424 changing hands on Wednesday. Of the stocks traded, the junior market accounted for 3,135,713 units, changing hands, valued at $16,330,699.
The average trade for the day in the main market ended at 2,261,669 shares compared to an average of 1,243,069 units traded on Wednesday. The average for the month to date, is versus 224,468 units on the previous trading day, well below the average of 549,379 units, December ended with.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 13 stocks with bids higher than their last selling prices and 5 with lower offers.
In market activity, Barita Investments gained 17 cents and ended trading 112,000 shares to close at 52 weeks high of $6.17, after trading at a low of $5.55 for the day. Cable and Wireless ended with 178,465 units at 98 cents, after gaining 8 cents, Caribbean Cement ended with a rise of $1.40 while trading just 6,680 shares to close at $35.40, Carreras lost 75 cents and closed at $66 with, 44,510 shares changing hands, Grace Kennedy had 37,432 units trading, with the price rising 55 cents, to close at $40.65. Jamaica Broilers rose by 70 cents and closed at $15.50 with 6,615 shares changing hands, Jamaica Producers traded 113,500 shares to end at $9.41, Jamaica Stock Exchange rose by 1 cents in trading 84,987 shares, to end at $5.60, JMMB Group traded 5,079,776 units and fell 44 cents to end at $15.01.
National Commercial Bank traded 85,928 shares while rising of $1 to close at $52, Pan Jam Investment traded 6,975 shares and rose 8 cents to close at $26.60, Portland JSX traded 16,000 units at $11. Pulse Investments ended at $4 with 21,600 units changing hands, Sagicor Group closed with 25,000 shares changing hands with a loss of 40 cents at $28.10. Scotia Group with 28,023 shares changing hands, rose 51 cents to close at $35.01, Scotia Investments gained 40 cents with 38,160 units trading, to end at $31.50, Seprod traded 9,152 shares to gain 5 cents in closing at $30. Proven Investments traded 86,500 ordinary share to close at 22 US cents and JMMB US 6% preference shares ended at US$1.11, with 65,240 units changing hands.
Large trades in C&W shares – Wednesday
Mayberry crossed 40m C&W shares.
There has been increased interest in the stock with bids growing in numbers after the price collapsed late last year to a low of 65 cents, as the release of the company’s next set of financials draws close.
The gain in Cable & Wireless did not prevent the main market of the Jamaica Stock Exchange, losing more grounds on Wednesday, following Tuesday’s fall, even as advancing stocks beat out declining ones as a big fall in the price of Scotia Group did damage to the indices. Also helping are a $1 decline of NCB and Kingston Wharves dipping more than $1.
At the close the All Jamaica Composite Index , dropped 1,537.30 points to close at 211,280.08. The JSE Market Index lost 1,374.61 points to finish at 193,296.53. Thanks to moderate gains in the junior market, the JSE combined index fell 1,193.40 points to close of 207,236.56.
The market closed with 38 securities changing hands as 17 stocks gained and 12 declined in the overall market, including 5 stocks rising and 6 falling, in the junior market.
At the close with 55,154,094 units valued at just $80,360,424 changed hands, compared to 7,603,225 units valued at just $132,166,453 changing hands on Tuesday. Of the stocks traded, the junior market accounted for 3,135,713 units, changing hands, valued at $16,330,699.The average trade for the day in the main market ended at 2,261,669 shares compared to an average of 1,243,069 units traded on Tuesday. The average for the month to date, is versus 224,468 units on the previous trading day, well below the average of 549,379 units, December ended with.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 16 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Berger Paints ended trading 17,080 shares to close at $6, Caribbean Cement ended with a fall of 40 while trading just 15,000 shares to close at $34, Carreras recovered 16 cents and closed at $66.75 with 5,019 shares changing hands, Grace Kennedy had 45,709 units trading, with the price rising 9 cents, to close at $40.10. Jamaica Broilers rose by 20 cents and closed at $14.80 with 56,061 shares changing hands, Jamaica Producers lost 29 cents to end at $9.41 with 5,976 units trading, Jamaica Stock Exchange rose by 2 cents in trading 10,000 shares, to end at $5.59, JMMB Group traded 331,250 units and gained 35 cents to end at $15.45. Kingston Wharves dropped $1.49 in trading 1,325 units to close at $23.50,
Mayberry Investments lost 5 cents and ended at $4.75 with 13,796 shares changing hands, National Commercial Bank traded 21,750 shares while falling of $1 to close at $51. Pan Jam Investment traded 1,447 shares and rose 2 cents to close at $26.52, Radio Jamaica climbed 10 cents to close at $1.45 after 118,808 shares changed hands, Sagicor Group closed with 24,466 shares changing hands with a loss of 50 cents at $28.50, Sagicor X Fund ended with 5,988 units trading at $10.50. Scotia Group with 17,900 shares changing hands, dropped $3.50 to close at $34.50, Scotia Investments gained 5 cents with 30,000 units trading, to end at $31.10. Jamaica Money Market Brokers 7.50% preference share gained 15 cents in trading 68,132 units to close at $2.15 and JMMB US 6 percent preference shares rose 1 cent and ended at US$1.11, with 34,760 units changing hands.
Trinidad Cement investors saying no deal
TCL closed at $5.05 on Tuesday but bid and offer suggest no deal.
The market seems to be sending a message about the offered price with 94,000 units on the bid at $5.05 with the lowest offer at $5.22 with only 1,000 units, suggesting the price could shoot past the offered price of $5.07.
Trading ended with 2 stocks closing at 52 weeks’ high as 13 securities changed hands compared to 14 on Monday. 3 stocks advanced, 4 declined and 6 were unchanged with 270,371 units valued at $2,062,449 compared to Monday’s 225,197 shares valued at $4,965,442.
Market activity resulted in the Composite Index advanced 2.21 points to 1,215.09, the All T & T Index rose 3.77 points to 1,837.30. The Cross Listed Index gained 0.08 points to 79.27.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 4 with lower offers.
Gains| Republic Financial Holdings closed at $108.44, a 1 cent gain with 1,030 units trading, Sagicor Financial added 10 cents to close at a 52 weeks’ high of $8.01 with an exchange of 1,288 shares in addition to the gains in Trinidad Cement.
Losses| First Citizens Bank closed at $34.97, for a loss of 1 cent with 509 shares changing owners, Massy Holdings was down 1 cent, closing trading at $51.99 with 472units traded. Scotiabank lost 2 cents to $58.75 with 2,519 shares changing ownership and Trinidad & Tobago NGL closed at $20.49, falling 1 cent with 108 units trading.Firm Trades| Clico Investments closed trading at $22.60 with 44,075 units changing hands, valued at $996,049, Grace Kennedy traded 518 shares and closed at $2.67, Guardian Holdings exchanged 8,873 units, closing at $13. JMMB Group was unchanged at 92 cents with an exchange of 18,072 shares, National Commercial Bank, with 173,407 shares traded, valued at $537,562, closed at $3.10 and Point Lisas closed at $3.75 with 13,500 shares changing ownership.
Majors retreat again – Tuesday
The main market of the Jamaica Stock Exchange, lost more grounds on Tuesday, following Monday’s fall, even as advancing stocks beat out declining ones, 3 to 2.
At the close the All Jamaica Composite Index , slipped 414.61 points to close at 212,817.38. The JSE Market Index fell 370.75 points to finish at 194,671.14. Thanks to moderate gains in the junior market, the JSE combined index fell 244.89 points to close at 208,674.85.
The market closed with 43 securities changing hands. 18 stocks gained and 13 declined in the overall market, including 10 stocks rising and 6 falling, in the junior market.
At the close with 7,603,225 units valued at just $132,166,453 changed hands, compared to 2,566,885 units valued at $17,585,399 changing hands on Monday. Of the stocks traded, the junior market accounted for 1,095,189 units, changing hands, valued at $6,212,985.
The average trade for the day in the main market ended at 282,958 shares compared to an average of 76,614 units traded on Monday. The average for the month to date, is 224,468 versus 165,979 units on the previous trading day, well below the average of 549,379 units, December ended with.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 14 stocks with bids higher than their last selling prices and 5 with lower offers.
In market activity, Berger Paints ended trading 6,077 shares to close at $6, Cable & Wireless gained 2 cents to close at 87 cents with 693,453 units trading, Caribbean Cement ended with a fall of $3 while trading just 8,453 shares to close at $33.50. Carreras lost 16 cents and closed at $66.59 with 14,968 shares changing hands, Investors traded 2,415,247 shares of 1834 Investments to close at $1.26 after rising 6 cents. Grace Kennedy had 55,485 units trading with the price falling 49 cents to close at $40.01, Jamaica Broilers closed at $14.60 with 17,847 shares changing hands, Jamaica Stock Exchange lost 3 cents in trading 41,393 shares, to end at $5.57, JMMB Group traded 2,788 units and lost 35 cents to end at $15.10. Kingston Properties rose 94 cents in trading 11,779 units to close at $9, Mayberry Investments lost 5 cents and ended at $4.75 with 13,796 shares changing hands, National Commercial Bank traded 2,001,100 shares with a gain of $1.79 to close at $52. Pan Jam Investment traded 1,447 shares and rose 2 cents to close at $26.52, 
Radio Jamaica climbed 13 cents to close at $1.35 after 14,479 shares changed hands, Sagicor Group closed with 105,859 shares changing hands with a loss of 4 cents at $29, Sagicor X Fund ended with 33,019 units trading at $10.50 and gained 29 cents. Scotia Group with 3,595 shares changing hands and closed at $38, Scotia Investments gained 3 cents with 4,906 units trading, to end at $31.05. Supreme Ventures ended at $5.10, with 10,049 units changing hands, Trinidad Cement had 150,000 units changing hands at $63, Proven Investments ordinary share traded 136,778 units at 22 US cents and Jamaica Money Market Brokers 7.50% preference share traded 765,000 units to close at $1.08.