The main market of the Jamaica Stock Exchange that retreated sharply on Thursday, recovered the loss and went on the record a new high, with the All Jamaica Composite Index surging 3,719.22 points to close at an all-time high of 189,308.34, bringing the year to date gains to 13.1 percent.
The JSE Market Index jumping 3,325.66 points to finish at a record 170,317.11 and the JSE combined index climbed sharply by 2,931.21 points up to end at new high of 183,141.71 pushing the gains for the year to date to 15.7 percent.
At the close 3,671,278 units valued at $37,632,036 changed hands, compared to 3,333,891 units valued at $23,300,182 changing hands on Thursday. The junior market accounted for 1,625,906 units trading valued at $9,305,449 of the stocks traded.
The average trade for the day in the main market ended at 78,668 and month to date 128,982 units. On Thursday, an average of 330,400 units traded. 
The average for the October was 220,811 units.
The market closed with 40 securities trading as the prices of 15 gained while 8 declined in the overall market, including 7 stocks rising and 2 falling, in the junior market. A number of attempts to trade Jamaica Stock Exchange were blocked, with the bids posted for most of the day, based on the pre-split price and not on the new number of shares emanating from the 5 to 1 split that became effective on Friday.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 17 stocks with bids higher than their last selling prices and 5 with lower offers.
In market activity, Barita Investments traded 11,000 units and declined 5 cents to close at $4.35, Berger Paints traded 5,000 shares to end at $6.55 after rising 50 cents, to close at a new 52 weeks’ high, Cable & Wireless closed at 85 cents with 765,410 units trading. Caribbean Cement jumped $1.46 with just 200 units changing hands to close at $30.46, Carreras traded 22,791 shares to end at $65. Grace Kennedy lost 5 cents in trading 12,984 units at $41.45,
JMMB Group traded 16,889 shares and lost 20 cents, to end at $14, Kingston Wharves traded 1,735 shares and closed at $17.19, Mayberry Investments rose 35 cents and ended with 2,734 shares trading at the close at $4. National Commercial Bank rose 26 cents in trading 12,030 shares to close at a new 52 weeks’ high of $45.25, Pan Jamaican Investment lost 20 cents and closed at $22.80 after trading 298,100 shares, Sagicor Group had 1,130 shares changing hands and rose 68 cents to close at $23.18. Scotia Group climbed $1.35 in trading 496,267 shares to close at $32.40, Seprod traded 2,000 shares to end at $24.15, Proven Investments traded 34,300 units at 19.90 US cents and Sterling Investments rose $1.45 cent and traded just 300 units to close at a 52 weeks’ high of $15.50.
Jamaica’s main market in sharp retreat
Scotiabank dropped $1.93 to help rip large chunk in points off the indices.
At the close 3,333,891 units valued at $23,300,182 changed hands, compared to 8,751,466 units valued at $70,052,498 changing hands on Wednesday. The junior market accounted for 2,322,147 units trading valued at $11,077,945 of the stocks traded.
The average trade for the day in the main market ended at 330,400 and month to date 312,605 units. On Wednesday, an average of 294,810 units traded. The average for the October was 220,811 units.The market closed with 34 securities trading as the prices of 11 gained while 10 declined in the overall market, including 4 stocks rising and 2 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 5 with lower offers.
In market activity, Berger Paints traded 5,670 shares to end at $6.05 after rising 5 cents, Cable & Wireless rose 1 cent to close at 85 cents with 152,000 units trading. Caribbean Cement dropped $1.85 with 250 units changing hands to close at $29, Carreras traded 1,655 shares to end at $66. Grace Kennedy lost 25 cents in trading 13,630 units at $41.50,
Jamaica Broilers closed at $14.50 with 175,869 shares changing ownership, Jamaica Producers gained 10 cents to end at $8.30 with 71,668 units trading, Jamaica Stock Exchange rose 48 cents and ended at $27.98 while trading 29,463 shares. JMMB Group traded 23,167 shares and rose 21 cents, to end at $14.20, Kingston Wharves traded 2,600 shares and lost 31 cents to close at $17.19, Mayberry Investments ended with 19,020 shares trading at $3.65, National Commercial Bank rose 49 cents in trading 5,915 shares to close at $44.99. Pan Jamaican Investment lost 15 cents and closed at $23 after trading 165,986 shares, Sagicor Group had 64,289 shares changing hands and dropped $1 to close at $22.50. Scotia Group dived $1.93 in trading 5,200 shares to close at $31.05, Seprod traded 9,110 shares to end at $24.15, Proven Investments traded 5,215 units at 19.90 US cents and JMMB Group 7.50% preference shares fell 1 cent and traded 235,175 units at $1.08.
Cement drops $3.50 gets support at $27.50
Carib Cement dived $3.50 to end at $27.50, in response to losses in Q3.
The main market indices of the Jamaica Stock Exchange lost grounds on Tuesday with the all Jamaica Composite Index dropping 616.14 points to 184,713.31. The JSE Market Index dived 550.94 points to finish at 166,208.33 and the JSE combined index declined 488.83 points to end at 179,190.92 and gained at 13.5 percent for the year to date.
At the close 8,941,559 units valued at $145,848,058 changed hands, compared to 5,240,652 units valued at $17,874,079 changing hands on Monday. The junior market accounted for 981,688 units trading valued at $4,566,702 of the stocks traded.
The average trade for the day in the main market ended at 294,810 units. On Monday, an average of 189,771 units, compared to an average for the October of 220,811 units.
The market closed with 42 securities trading as the prices of 13 gained while 16 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 13 stocks with bids higher than their last selling prices and 7 with lower offers.
In market activity, Barita Investments traded 5,500 units to close at $4.45, Berger Paints traded 18,408 shares to end at $5.86 after falling 14 cents, Cable & Wireless closed at 85 cents with 48,236 units trading. Carreras traded 13,438 shares and shed 6 cents to end at $65.60. Trading in 1834 Investments resulted in 5,241 shares changing hands with a rise of 2 cents at $1.27, Grace Kennedy gained 49 cents and traded 122,011 units at $41.99, Jamaica Broilers fell 1 cent and closed at $14.50 with 5,002,886 shares switching owners.
Jamaica Stock Exchange lost 26 cents and ended at $27.24 while trading 26,872 shares, JMMB Group traded 85,795 shares and rose 20 cents to end at $13.50, Kingston Wharves traded 2,700 shares to close at $17.50,Mayberry Investments fell 12 cents and ended with 129,368 shares trading at $3.88, National Commercial Bank traded 93,037 shares to close at $43.70. Pan Jamaican Investments lost 29 cents and closed at $23 after trading 54,650 shares, Sagicor Group had 53,525 shares changing hands and lost 90 cents to close at $22, Sagicor Real Estate Fund traded 6,000 shares to close at $10.25 after rising 5 cents. Scotia Group traded 1,290,387 shares to close at $31.50, Seprod lost 85 cents in trading 62,825 shares to end at $24.15, Proven Investments traded 290,126 units at 20 US cents up from 19.90 US cents and JMMB Group 7.50% preference shares traded 506,000 units at $1.08.
Jamaican stocks drop on Monday
Caribbean Cement lost $2 after positing a loss in Q3.
At the close 5,240,652 units valued at just $17,874,079 changed hands, compared to 9,303,791 units valued at $32,857,021 changing hands on Friday. The junior market accounted for 865,115 units trading valued at 3,986,807 of the stocks traded.
The average trade for the day in the main market ended at 189,771 units, compared to an average for the month to date of 220,811 units. On Friday, an average of 337,427 units, compared to an average for the month to date of 251,850.
The market closed with 35 securities trading as the prices of 17 gained while 9 declined in the overall market, including 6 stocks rising and 1 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 20 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Barita Investments traded 25,000 units and gained 5 cents to close at $4.45, Cable & Wireless rose 5 cents to close at 85 cents with 100,000 units trading. Caribbean Cement traded 92,177 shares but dropped $2 to close at $31, after the company reported a loss of $81 million in the third quarter partially as a result of closure of its plant for upgrading. Trading in 1834 Investments resulted in 3,344,179 shares changing hands at $1.25, Jamaica Broilers gained 31 cents and closed at $14.51 with 22,132 shares switching owners. Jamaica Producers lost 1 cent to end at $8.19 with 154,746 units trading,
Jamaica Stock Exchange rose 50 cents and ended at $27.50 while trading 22,004 shares. JMMB Group traded 6,359 shares and rose 5 cents to end at $13.30, Kingston Wharves traded 81,500 shares to close at $17.50 after gaining 50 cents, Mayberry Investments fell 37 cents and ended with 11,938 shares trading at $4, National Commercial Bank traded 13,471 shares to close with a fall of $1.29 at $43.70. Pan Jamaican Investments gained 79 cents and closed at $23.29 after trading 5,887 shares, Sagicor Group had 9,320 shares changing hands and lost 30 cents to close at $22.90, Sagicor Real Estate Fund traded 158,087 shares to close at $10.20 after losing 3 cents. Scotia Group gained 98 cents in trading 2,985 shares to close at $31.50, Seprod traded 13,414 shares to end at $25, Proven Investments traded 5,820 units at 19.90 US cents down from 19.50 US cents and JMMB Group 7.50% preference shares traded 290,100 units at $1.08.
Medical Disposables up 52% exits TOP 5
Blue Power enters TOP 5 list.
Blue Power enters the list for the first time, with the price having fallen in the week to $20.50. Profits after tax increased by 101 percent to $37 million over the previous year. The contribution of Lumber Depot division to the after tax tally was $17 million ($7 million in 2015), while Blue Power division added $20 million ($12 million in 2015). Earnings per stock unit for the quarter doubled from 33 cents to 66 cents. Sales revenues rose 12 percent, from $302 million to $339 million. Gross profit margin climbed to 24.3 percent in the quarter from 21.3 percent in the similar quarter of 2015 and 20.82 percent for the last fiscal year.
Paramount Trading entered at the number 3 spot at $14, gained 71 percent having shot up to $24 and exited in the top list on the week ending September 16, Derrimon Trading entered with the price at $3.10 and hit $5, for a gain of 61 percent, the stock exited the list during the week ending October 14. General Accident entered the list at $2.10 for the week ending September 23 and has gained 43 percent, the company left the list during the week ending October 7.
Watch NCB for the break out that is coming soon.
Just below the TOP 5 junior market stocks are tTech, Dolphin Cove, Medical Disposables, Jamaican Teas and Caribbean Cream.
In the main market stocks below the Top 5 are JMMB Group, followed by Palace Amusement, Sterling Investments, National Commercial Bank (NCB) and Pan Jamaican. Technically, NCB is at a break out point accordingly, investors should keep an eye on this one as the next move could be sharply to the upside with final year results due shortly. In 2015, the full year results were released on November 12, as such the results for 2016 could be out on November 10.
Jamaican stocks jump on Friday
Bulls in cautious run on Jamaican stocks
At the close 9,303,791 units valued at $32,857,021 changed hands, compared to 4,739,909 units valued at $93,941,257 changing hands on Thursday. The junior market accounted for 865,115 units trading valued at 3,986,807 of the stocks traded.
The average trade for the day in the main market ended at 337427 units, compared to an average for the month to date of 251,850 units. On Thursday, an average of 153,615 units, compared to an average for the month to date of 166,273.
The market closed with 41 securities trading as the prices of 14 gained while 12 declined in the overall market, including 5 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 16 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Cable & Wireless fell 4 cents to close at 80 cents with 2,532,420 units trading, Caribbean Cement traded 10,683 shares and rose 95 cents to close at $33, Carreras closed at $66 with 2,395 units changing hands. Grace Kennedy closed trading with 5,934 shares changing hands at $41.50, Jamaica Broilers lost 5 cents and closed at $14.20 with 54,684 shares switching owners. Jamaica Producers climbed 70 cents at $8.20 with 1,334,480 units trading, Jamaica Stock Exchange lost 39 cents and ended at $27 while trading 27,348 shares. Kingston Wharves traded 15,756 shares to close at $17, Mayberry Investments rose 27 cents and ended with 136,370 shares trading at $4.37,
National Commercial Bank traded 25,250 shares to close with a rise of 99 cents at $44.99, Pan Jamaican Investments lost 50 cents and closed at $22.50 after trading 2,876 shares. Radio Jamaica had 3,993,107 units changing hands to end at $1.50. Sagicor Group had 109,976 shares changing hands and gained 45 cents to close at $23.20, Sagicor Real Estate Fund traded 75,341 shares to close at $10.23 after rising 23 cents, Scotia Investments traded 30,000 shares to close at $30, Seprod traded 8,250 shares with the price rising 90 cents to end at $25. Sterling Investments lost 74 cents in trading 7,500 units to close at $14.25, Supreme Ventures traded 15,200 units at $5 after falling 15 cents and Proven Investments traded 46,050 units at 19.50 US cents down from 19.80 Units.
Jamaican stocks jump on Thursday
The main market indices of the Jamaica Stock Exchange made good gains on Thursday with the all Jamaica Composite Index jumping 1,628.18 points to 185,297.83. The JSE Market Index climbed 1,455.89 points to finish at 166,730.99 and the JSE combined index surged 1,567.18 points to end at 179,309.80 and gained at 12 percent for the year to date.
At the close 4,739,909 units valued at $93,941,257 changed hands, compared to 2,584,785 units valued at $33,734,659 changing hands on Wednesday. The junior market accounted for 1,360,374 units trading valued at $8,009,663 of the stocks traded.
The average trade for the day in the main market ended at 153,615 units, compared to an average for the month to date of 166,273 units. 
On Wednesday, an average of 77,761 units, compared to an average for the month to date of 178,931.
The market closed with 41 securities trading as the prices of 11 gained while 14 declined in the overall market, including 3 stocks rising and 10 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 15 stocks with bids higher than their last selling prices and 5 with lower offers.
In market activity, Cable & Wireless closed at 84 cents with 356,837 units trading, Caribbean Cement traded 20,374 shares and lost 5 cents to close at $32.05, Carreras closed at $66 with 2,850 units changing hands. 1834 Investments traded 389,087 units but rose 8 cents to end at $1.25, Grace Kennedy lost 40 cents and closed trading with 4,818 shares changing hands at $41.50, Jamaica Broilers lost 25 cents and closed at $14.25 with 40,253 shares switching owners. Jamaica Producers closed with a loss of 75 cents at $7.50 with 252,483 units trading, Jamaica Stock Exchange ended at $27.39 while trading 7,692 shares, 
JMMB Group gained 3 cents in trading 69,546 units to close at $13.25. Kingston Wharves traded 1,300 shares to close at $17, Mayberry Investments rose 10 cents and ended with 61,100 shares trading at $4.10, National Commercial Bank traded 1,592,552 shares to close with a rise of $1 at $44, Pan Jamaican Investments closed at $23 after trading 4,250 shares. Portland JSX traded 2,650 units with the price gaining 7 cents to $11.10, Radio Jamaica rose 10 cents in trading 15,000 units and to end at $1.50. Sagicor Group had 28,463 shares changing hands and gained 35 cents to close at $22.75, Scotia Group closed at $30.51 with 224,410 shares changing hands, Scotia Investments traded 27,450 shares to close at $30 after falling $1.04 cents and Supreme Ventures traded 268,500 units at $5.15 after rising 15 cents.
Jamaican stocks gain on Wednesday
The main market indices of the Jamaica Stock Exchange made modest gains on Wednesday with the all Jamaica Composite Index rising 216.41 points to 183,669.65. The JSE Market Index climbed 193.50 points to finish at 165,275.10 and the JSE combined index rose 551.77 points to end at 177,742.62 and gained at 12 percent for the year to date.
At the close 2,584,785 units valued at $33,734,659 changed hands, compared to 5,164,481 units valued at $41,188,234 changing hands on Tuesday. The junior market accounted for 718,533 units trading valued at $4,825,236 of the stocks traded.
The average trade for the day in the main market ended at 77,761 units, compared to an average for the month to date of 178,931 units. On Tuesday, an average of 157,519 units, compared to an average for the month to date of 280,102.
The market closed with 40 securities trading as the prices of 11 gained while 14 declined in the overall market, including 5 stocks rising and 4 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 14 stocks with bids higher than their last selling prices and 7 with lower offers.
In market activity, Berger Paints traded 5,000 shares to end at $6, Cable & Wireless closed at 84 cents with 290,565 units trading, Caribbean Cement traded 40,741 shares and lost 40 cents to close at $32.10, Carreras closed at $66 with 820 units changing hands. 1834 Investments traded 26,836 units but lost 3 cents to end at $1.17, Grace Kennedy lost 5 cents and closed trading with 6,685 shares changing hands at $41.90, Jamaica Broilers closed at $14.50 with 419,751 shares switching owners. 
Jamaica Producers closed with a loss of 4 cents at $8.25 with 890 units trading, Jamaica Stock Exchange rose 44 cents and ended at $27.39 while trading 2,323 shares, JMMB Group lost 43 cents in trading 7,580 units to close at $13.22. Kingston Wharves traded 5,328 shares to close at $17, Mayberry Investments ended with 265,471 shares trading at $4, National Commercial Bank traded 14,975 shares to close with a decline of 49 cents at $43, Pan Jamaican Investments rose 45 cents to close at $23 after trading 15,199 shares. Portland JSX traded 1,500 units with the price falling 7 cents to $11.03, Radio Jamaica traded 111,388 units and fell 15 cents to end at $1.40. Sagicor Group had 12,768 shares changing hands and lost 15 cents to close at $22.40, Scotia Group rose 36 cents and closed at $30.51 with 388,287 shares changing hands and Proven Investments traded 245,840 units at 19.75 US cents after rising 0.25 cents.
Jamaican stocks suffer losses – Tuesday
Berger closed at a new high on Tuesday of $6.
At the close 5,164,481 units valued at $41,188,234 changed hands, compared to 14,409,476 units valued at $129,902,890 changing hands on Monday. The junior market accounted for 1,384,024 units trading valued at $8,364,061 of the stocks traded.
The average trade for the day in the main market ended at 157,519 units, compared to an average for the month to date of 280,102 units. On Monday, an average of 321,333 units traded with the average for the month to date at 402,684.
The market closed with 41 securities trading as the prices of 16 gained while 14 declined in the overall market, including 7 stocks rising and 6 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 15 stocks with bids higher than their last selling prices and 5 with lower offers.
In market activity, Berger Paints gained 16 cents in trading 1,899 shares to end at a 52 weeks’ closing high of $6, Cable & Wireless lost 1 cent and closed at 84 cents with 272,908 units trading, Caribbean Cement traded 120,302 shares and gained 94 cents to close at $32.50, Carreras closed at $66 with 17,600 units changing hands. Ciboney traded 500,000 units but lost 4 cents to end at 16 cents, Grace Kennedy lost 4 cents and closed trading with 3,829 shares changing hands at $41.95, Jamaica Broilers closed at $14.50 after easing by 25 cents, with 282,556 shares switching owners. Jamaica Producers closed at $8.29 with 4,530 units trading, Jamaica Stock Exchange lost 44 cents and ended at $26.95 while trading 4,200 shares, JMMB Group lost 1 cent in trading 14,307 units to close at $13.65.
Kingston Wharves traded 3,565 shares to close at $17, Mayberry Investments rose 15 cents and ended with 745,266 shares trading at $4, National Commercial Bank traded 60,773 shares to close with a rise of 16 cents at $43.49, Pan Jamaican Investments declined 1 cent to close at $22.56 after trading 61,235 shares. Portland JSX traded 8,780 units with the price rising 6 cents to $11.10, Radio Jamaica traded 14,435 units and gained 15 cents to end at $1.55. Sagicor Group had 31,499 shares changing hands and closed at $22.55, Scotia Group rose 11 cents and closed at $30.15 with 306,000 shares changing hands. Seprod had 5,000 units changing hands to close with a loss of 48 cents at $24.02, Supreme Ventures traded 168,442 shares and gained 50 cents to close at $5, Proven Investments traded 149,847 units at 19.5 US cents after rising 1.5 cents and JMMB Group 7.5% preference share traded 1,000,151 units at $1.08 for a loss of 1 cent.
Jamaican stocks mostly fall – Monday
Scotia Group traded 1.18 million shares on Monday
The main market indices of the Jamaica Stock Exchange declined again on Monday with the all Jamaica Composite Index jumping 1,273.92 points to 184,755.09. The JSE Market Index climbed 1,139.12 points to finish at 166,245.69 and the JSE combined index gained 1,099.99 points to end at 178,583.41 and gained at 13 percent for the year to date.
At the close 14,409,476 units valued at $129,902,890 changed hands, compared to 17,656,211 units valued at $101,436,212 changing hands on Friday. The junior market accounted for 6,697,473 units trading valued at $36,505,806 of the stocks traded.
The average trade for the day in the main market ended at 321333 units, compared to an average for the month to date of 402,684 units. On Friday, an average of 871,081 units traded with the average for the month to date at 484,035.
The market closed with 43 securities trading as the prices of 13 gained while 16 declined in the overall market, including 6 stocks rising and 6 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 13 stocks with bids higher than their last selling prices and 5 with lower offers.
In market activity, Barita Investments gained 1 cent in trading 446,721 shares to end at $4.41, Cable & Wireless lost 5 cents closed at 85 cents with 218,904 units trading, Caribbean Cement traded 19,296 shares and gained 6 cents to close at $31.56, Carreras closed at $66 with 3,000 units changing hands. Grace Kennedy closed trading with 90,024 shares changing hands at $41.99, Jamaica Broilers closed at $14.75 after easing 1 cent, with 283,408 shares switching owners. Jamaica Producers fell 1 cent to $8.29 with 435,508 units trading, Jamaica Stock Exchange lost 58 cents and ended at $27.39 while trading 1,000 shares, JMMB Group gained 16 cents in trading 291,976 units to close at $13.66. Kingston Wharves traded 34,845 shares to close at $17, Mayberry Investments ended with 662,483 shares trading at $3.85, National Commercial Bank traded 105,250 shares to close with a fall of 16 cents at $43.33, Student Living closed at $4.71 while trading 43,800 shares and gained 1 cents.
Pan Jamaican Investments gained 1 cent and closed at $22.56 after trading 84,165 shares, Portland JSX traded 549,651 units with the price falling 6 cents to $11.04, Pulse Investments traded 20,000 shares and lost 60 cents to close at $3.30, Radio Jamaica traded 400,000 units and gained 5 cents to end at $1.40. Sagicor Group had 48,361 shares changing hands and closed with a fall of 45 cents at $22.55, Scotia Group rose 2 cents and closed at $30.04 with 1,179,017 shares changing hands. Scotia Investments dropped $2.91 with 28,735 units changing hands to close at $31.04. Seprod had 18,853 units changing hands to close at $24.60, Sterling Investments lost 1 cents in trading 38,000 shares to close at $14.99, Supreme Ventures traded 2,215,656 shares buy fell 2 cents to close at $4.50 after the company’s Chief Executive passed over the week end and Proven Investments traded 150,800 units at 18 US cents after rising 1.5 cents.