The main market of the Jamaica Stock Exchange closed down on Thursday after hitting a new record on Wednesday. The All Jamaica Composite Index dropped 1,569.85 points to close at 189,153.12, bringing the year to date gains to 13 percent. The JSE Market Index fell 1,403.72 points to finish at 170,178.32 and the JSE combined index declined 1,147.57 points to end at 183,032.25 with a gain for the year to date of 15.6 percent.
At the close 18,462,121 units valued at $230,990,500 changed hands, compared to 6,616,334 units valued at $97,621,824 changing hands on Wednesday. The junior market accounted for 11,250,424 units trading valued at $76,439,888 of the stocks traded.
The average trade for the day in the main market ended at 277,373 and 229,873 month units to date. On Wednesday, an average of 186,716 units traded and 182,374 month to date. The average for the October was 220,811 units.
The market closed with 42 securities trading as the prices of 9 gained while 17 declined in the overall market, including 4 stocks rising and 7 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 10 stocks with bids higher than their last selling prices and just 1 with a lower offer.
In market activity, Barita Investments fell 10 cents in trading 122,337 units to close at $4, Berger Paints traded 49,519 shares to end at $6.25 after rising 2 cents, Cable & Wireless rose 3 cents and closed at 85 cents with 56,000 units trading. Caribbean Cement had just 10,748 units changing hands to close at $30, Carreras traded 1,980 shares to end at $65.50, Grace Kennedy climbed 46 cents in trading 50,947 units at $41.45, Jamaica Broilers gained 50 cents and closed at $14.50 with 241,400 shares changing ownership, Jamaica Producers lost 4 cents in trading 994,195 shares at $8.20. Jamaica Stock Exchange fell 30 cents, ending at $5.70 after trading 213,422 shares, JMMB Group traded 6,000 shares to end at $13.70, Kingston Properties traded 6,000 shares and closed at $10. 
Margaritaville Turks traded 1,629,049 shares to close at 22.01 US cents, after declining by 2.5 cents, National Commercial Bank ended with the trading of 49,275 shares to close at $45.50, Pan Jamaican Investment closed at $23.70 after trading 2,751,998 shares, Pulse Investments traded at $3 with 50,000 units changing owners. Radio Jamaica closed unchanged at $1.50 with 16,593 shares trading, Sagicor Group had 678,392 shares changing hands and rose 5 cents to close at $23.95, Scotia Group slipped 49 cents in trading 43,593 shares to close at $31.30, Seprod fell 50 cents in trading 14,051 shares to end at $28. Supreme Ventures lost 20 cents trading 2,000 shares to close at $4.80, Proven Investments traded 121,922 units slipping slightly to close at 19.9 US cents and Jamaica Money Market Brokers 7.5% preference share, traded 92,320 units to close at $2.10.
Jamaican stocks retreat from record
2 new highs on TTSE
Trading on the Trinidad and Tobago Exchange closed on Thursday with 10 securities changing hands, up from 9 on Wednesday, 4 of which advanced, 2 declined and 4 traded unchanged on a day when 2 stocks ended at 52-week highs.
Trading activity closed with 168,658 shares changing hands with a value of $4,011,086, in contrast to Wednesday’s volume of 92,790 units valued at $4,037,629.
The Composite Index advanced 7.58 points to 1,181.42 points, the All T & T Index gained 2.22 points to close at 1,802.49 points and is 7.49 percent down year to date and the Cross Listed Index gained 1.76 points to close at 74.85 points and is up 51.18 percent for 2016.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 4 stocks with bid higher than last selling price and 6 with lower offer.
Gains| Angostura Holdings gained 50 cents to close at a 52 weeks’ high of $16 with 3,000 shares changing hands, First Caribbean International Bank gained 40 cents to close at a 52 weeks’ high of $8.50 with 5,000 shares changing hands.
Guardian Holdings gained 5 cents to close at $12.55 with 1,200 shares changing hands and Sagicor Financial Corporation closed at $7.20 after rising 5 cents with 36,282 shares changing hands.
< Strong> Losses|Massy Holdings lost one cent to close at $50.99 with 19,370 shares changing hands with a value of $987,676, and Trinidad & Tobago NGL slipped 2 cents to close at $22.71.
Firm Trades | Clico Investment Fund closed at $22.60 with 39,690 shares changing hands with a value of $896,994, JMMB Group with 30,444 shares changing hands and closed at 91 cents, National Commercial Bank closed at $2.65 with 4,293 shares changing hands and Scotiabank closed at $58.74 with 29,280 shares changing hands with value of $1,719,902.
JSE all Jamaican closes at record 190,723
NCB closed at a new high on Wednesday.
At the close 6,616,334 units valued at $97,621,824 changed hands, compared to 7,411,988 units valued at $113,469,413 changing hands on Tuesday. The junior market accounted for 1,948,431 units trading valued at $13,610,614 of the stocks traded.
The average trade for the day in the main market ended at 186,716 and 182,374 month to date units. On Tuesday, an average of 255,960 units traded and 178,031 month to date. The average for the October was 220,811 units.The market closed with 37 securities trading as the prices of 16 gained while 10 declined in the overall market, including 4 stocks rising and 3 falling, in the junior market. Three stocks in the overall market, traded at new highs.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Barita Investments traded 10,750 units and to close at $4.10, Berger Paints traded 10,285 shares to end at $6.23 after rising 23 cents, Cable & Wireless lost 6cents and closed at 82 cents with 1,036,093 units trading. Caribbean Cement fell 85 cents with just 6,940 units changing hands to close at $30, Carreras traded 3,500 shares and rose 30 cents to end at $65.50, Grace Kennedy climbed 94 cents in trading 32,059 units at $40.99, Jamaica Producers gained 9 cents in trading 30,000 shares at $8.24. JMMB Group traded 2,054 shares and lost 10 cents, to end at $13.70, Jamaica Stock Exchange dived $2, ending at $6 after trading 89,061 shares,
Kingston Properties traded 29,600 shares and closed at $10. Margaritaville Turks traded 85,200 shares to close at a 52 weeks’ high of 24.50 US cents, after rising by 0.50 cent, National Commercial Bank rose 1 cent in trading 104,502 shares to close at a new 52 weeks’ closing high of $45.50, Pan Jamaican Investment gained 40 cents and closed at $23.70 after trading 2,700,060 shares, Sagicor Group had 21,526 shares changing hands and rose 48 cents to close at $23.90. Scotia Group climbed 59 cents in trading 60,823 shares to close at $31.79, Seprod fell $1.50 in trading 20,949 shares to end at $28.50, Supreme Ventures traded 147,357 shares to close at $5. Proven Investments traded 172,995 units and rose 1 cent to close at 20 US cents and Jamaica Money Market Brokers 7.25% preference share traded 80,000 units to close at $2.40.
All Jamaican jumps to new high of 190,500
Gains in Scotia Group, Sagicor and Grace Kennedy pushed the main market into record territory in the morning session on Wednesday with the Jamaica Stock Exchange all Jamaica index is trading in record territory having jumped 2,148 points ahead of 10:30am before slipping slightly lower.
The Jamaica Stock Exchange share price fell back to the just above the pre-split price in early trading as the stock traded 80,061 units down to $6 but was on offer at $5.60 with 7,916,373 units on offer at $5.60 after it traded earlier at $8.01. Bids for the stock are not strong at the moment.
The all Jamaica Composite Index jumped 2,032.43 points to 190,504.23, the Jamaica Stock Exchange Market Index climbed 1,817.35 points to 171,386.44, the Jamaica Stock Exchange combined index surged 2,119.66 points to close at 184,133.61 and the junior market index gained 42.27 points to 2,452.23.
In trading, Cable & Wireless fell 6 cents to 82 cents with 794,910 units changing hands, in response to improved third quarter results showing just $200 million in losses with revenues climbing 15 percent for the September quarter to $6.5 billion. National Commercial Bank had 80,000 units changing hands at $45.50, Scotia Group traded 39,423 and rose to $32.35 and Jamaica Money Market Brokers 7.25% preference share traded 80,000 units at $2.40 and Proven Investments traded 172,850 shares at 19.99 US cents.
At 10:30 am, a total of 20 securities traded, resulting in a volume of 1,424,992 shares changing hands carrying a value of $9,572,892, compared to 1,690,058 shares changing hands carrying a value of $15,277,557, on Tuesday.
The average number of shares traded amounts to 71,250 units compared to 76,821 on Tuesday. Market activity resulted in 8 stocks falling while the prices of 8 securities rose.
Sharp fall for TTSE stocks on Tuesday
Trading on the Trinidad and Tobago Exchange closed on Tuesday with big declines in a number of stocks, which pulled the main indices down relatively sharply. At the close of trading, 10 securities changed hands, up from 8 traded on Monday. One security advanced, 4 declined and 5 traded firm. Two stocks closed at 52-week highs’ low
Trading activity closed with 1,848,342 shares changing hands with a value of $27,261,839 in contrast to Monday’s volume of 293,440 shares with value of $3,299,850.
The Composite Index declined 4.57 points to 1,173.23 points, the All T & T Index dropped 8.06 points to close at 1,798.91 points, for a decline of 7.68 percent for the year to date, while the Cross Listed Index lost 0.14 points to close at 73.11 points, up 47.67 percent year to date.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 6 stocks with bid higher than their last selling prices and 6 with lower offers.
Gains| National Enterprises gained 1 cent to $10.51 with 1,000 shares changing hands.
< Strong> Losses| Clico Investment Fund lost 1 cent to close at $22.60 with 502,979 shares valued at $11,367,329, Guardian Holdings lost 45 cents to close at a 52-weeks’ low of $12.50 with 1,175,542 shares for a value of $14,710,884 changing hands. 
National Commercial Bank lost 2 cents to close at $2.66 with 100,460 shares changing hands and Republic Financial Holdings lost $1.78 to close at to close at a 52-weeks’ low of $107 with 5,270 shares trading valued at $563,890.
Firm Trades | First Citizens Bank with 1,961 shares closed trading at $33, Grace Kennedy with 1,000 changing hands closed at $2.57, JMMB Group traded 50,380 shares to close at 90 cents, Massy Holdings closed with 250 shares trading at $51.00 and Trinidad & Tobago NGL ended with 9,500 shares trading at $22.75.
More JSE stocks rise than fall
The main market of the Jamaica Stock Exchange retreated for the second day in a row on Tuesday, with the All Jamaica Composite Index falling 395.03 points to close at 188,471.80, bringing the year to date gains to 12.6 percent. The JSE Market Index dived 353.23 points to finish at 169,569.09 and the JSE combined index dropped 1,072.17 points to end at 182,013.95 with a gain for the year to date of 15 percent.
At the close 7,411,988 units valued at $113,469,413 changed hands, compared to 2,406,886 units valued at $45,582,046 changing hands on Monday. The junior market accounted for 1,268,960 units trading valued at $6,437,908 of the stocks traded.
The average trade for the day in the main market ended at 255,960 and 178,031 month to date units. On Monday, an average of 71,224 units traded with the average for the month to date being 100,103 units. The average for the October was 220,811 units.
The market closed with 41 securities trading as the prices of 12 gained while 15 declined in the overall market, including 4 stocks rising and 5 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 12 stocks with bids higher than their last selling prices and 1 with a lower offer.
In market activity, Barita Investments declined by 25 cents in trading 18,400 units and closed at $4.10, Berger Paints traded 77,214 shares to end at $5.90 after falling 15 cents, Cable & Wireless gained 2 cents and closed at 88 cents with 163,017 units trading. Caribbean Cement jumped $1.85 with 6,885 units changing hands, to close at $30.85, Carreras traded 20,710 shares to end at $65.20. Grace Kennedy lost 95 cents in trading 971 units at $40.05, Jamaica Broilers lost 10 cents and closed at $14 with 7,376 shares changing ownership, Jamaica Producers lost 9 cents in trading 7,329 shares to close at $8.15, Jamaica Stock Exchange ended at $8 after trading 361,145 shares. JMMB Group traded 17,000 shares and lost gained 56 cents, to end at $13.80,
Kingston Wharves traded 306,116 shares and rose 3 cents, to close at $17.20, Mayberry Investments gained just 1 cent and ended with 9,065 shares trading at the close at $4, National Commercial Bank traded 15,581 shares to close at $45.49. Trading in 138 Student Living, ended with 56,583 shares changing hands to close with a rise of 50 cents at $5.50, Radio Jamaica closed at $1.45 with 50,000 shares trading, Sagicor Group had 3,344,598 shares changing hands and fell 43 cents to close at $23.42. Scotia Group fell 35 cents in trading 58,464 shares to close at $31.20, Scotia Investments traded 41,821 shares to close at $30, Seprod jumped $5.85 in trading 219,639 shares to end at 52 weeks’ high of $30, Supreme Ventures traded 1,320,818 shares to close at $5 and Proven Investments traded 20,556 units at 19 US cents, up 1.25 cents.
Moderate trading for TTSE
Trading on the Trinidad & Tobago Exchange closed the moderate trading session on Monday with 8 securities trading, down from 10 securities changing hands on Friday. One stock advanced, 2 declined and 5 held firm.
Trading activity resulted in the volume of 293,440 shares changing hands with a value of $3,299,858 in contrast to Friday’s volume of 134,140 shares with value of $475,187.02.
The market closed with the Composite Index declining 0.20 points to 1,177.80 points. The All T & T Index lost 0.60 points to close at 1,806.07 points. The Cross Listed Index advanced 0.03 points to close at 73.25 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 bids higher than their last selling prices and 7 with lower offers than the last traded price.
Gains| Grace Kennedy, the only stock to advance, gained 1 cent with 1,800 shares traded to close at $2.57.
Losses| Republic Financial Holdings lost 1 cent to close at $108.78 with 450 shares traded and Trinidad & Tobago NGL lost 24 cents, closing at $22.75 with 500 shares.
Firm Trades | Trading firm were Angostura Holdings with 7,317 shares to close at $15.50, Ansa McAL traded just 10 shares to close $62.50, Massy Holdings closed at $51 with 73 shares changing hands, Prestige Holdings traded 283,270 shares carrying a value of $3,115,970 to close at $11 and Scotiabank saw 20 shares changing hands to close at $58.74.
JSE majors drop juniors rise
Prices mostly fell in early trading on Monday on the Jamaica Stock Exchange but with lower volume than on Friday.
Jamaica Stock Exchange stock was adjusted the 5 for 1 stock split on Friday but the stock has not traded so far, but the bid is at $8.10 to buy 4,790 shares. Paramount Trading that has announced a 10 to 1 stock split has a bid at $30.60 to buy 1,035 units without an offer versus the last traded price of $29.
Major traded so far include, Jamaica Producers with 81,887 units at $8.25, National Commercial Bank 232,872 units at $45, Jetcon Corporation with 126,700 units at $5 and Lasco Distributors with 91,345 units at $7.
The all Jamaica Composite Index dropped 1,002.17 points to 188,306.17, the Jamaica Stock Exchange Market Index declined points to 169,420.99, the Jamaica Stock Exchange combined index lost 652.67 points to close at 182,489.04 and the junior market index rose 17.36 points to 2,469.57.
At 10:45 am, a total of 29 securities traded, resulting in a volume of 640,254 shares changing hands carrying a value of $13,990,935, compared to 1,938,366 shares changing hands carrying a value of $18,934,325, on Friday.
The average number of shares traded amounts to 22,078 units compared to 71,791 on Friday. Market activity resulted in 11 stocks falling while the prices of 6 securities rose.
Top 5 record first 100% gain
Paramount Trading closed at an all-time high of $29 last week and gained 107% since early september.
With the stock to be split into 10 units for each one now in issue by mid November, the price seems set to go higher with the expansion into lubricant manufacturing expected to boost profit in the next full fiscal year.
There is no new entry to the Top 5 list this week for either the junior market or the main market list but price movements resulted in changes in positions.
A number of companies released results for the third quarter with some not providing figures that could help to improve the prices of the relevant stocks. One such is Caribbean Cement that reported a loss in the September quarter, the result of closure of the factory for 45 days for refurbishing of the kiln. This does not affect the strong prospects for 2017 that will benefit from lower cost resulting from a reduced work force and a more efficient plant and increase demand for cement to flow from a growing economy.
AMG Packaging reported slightly better full year results to August with profit of $83 million versus $80 million but profit for the last quarter declined to $17 million from $27 million in 2015, the company incurred a loss of $41 million for the year from sales of just $2 million in the new tissue operation. Gross profit margin climbed to $177 million compared to $149 million with sales declining from $633 million down to $629 million but other cost rose from $72 million to $100 million.The next in line to the Top 5 in the junior market are tTECH, Caribbean Producers, Jamaican Teas, Eppley and Medical Associates and in the main market are Palace, JMMB Group, National Commercial Bank, Pan Jamaican and Sterling Investments.
Kazakhstan stock market 2016 best
Kazakhstan or Peru stock markets seem set be the top performing markets in 2016, taking over from Jamaica, the top performer in 2015, according to data compiled from Bloomberg Market.
Data show that the S&P/BVL Peru General Index is up 53.97 percent for 2016 up to Friday but the movement seems to have stalled since October 19 and the Kazakhstan Stock Exchange Index gained 50.51 percent and is currently rising.
The Jamaica Stock Exchange was rated the top performing market in 2015, but data sourced suggests that it will be hard pressed to wear that crown in 2016. For the year to date the JSE market index is up 13 percent, but that pales in comparison to a number of markets that have delivered gains that are much higher. The junior market index with the fast growing companies with 37 percent gain this year, is in at 5th position, Bloomberg did not report data publicly on this index.
The positive for the local market, is that many of the top performing markets seem to be declining while the JSE is on the rise and usually rallies in the latter part of the year. With undervalued Scotia Group and National Commercial Bank could benefit from the release of full year results by early December. If investors react positively to the results they could climb sharply and pull the overall market up, giving it a shot at the top spot. That would require a big 70,000 points gain to possibly hit the top spot.
The other markets that have been doing very well in 2016 to date are, Buenos Aires Stock Exchange Merval Index up 43.51 percent, Ibovespa Brasil Sao Paulo Stock Exchange Index rising 42.10 percent, BCT Corp Costa Rica Stock Market Index is up 33.04 percent, Bermuda Stock Exchange Index rose 25.64 percent, Budapest Stock Exchange Budapest Stock Index climbed 25.49 percent.
Kazakhstan has a population of 17.04 million in 2013 according to the World Bank, the stock market has 116 listing of shares by 98 companies.