Another record close for JSE stocks

Trading in NCB's shares helped to push the JSE to a record close on Friday.

Trading in NCB’s shares helped to push the JSE to a record close on Friday.

The Jamaica Stock Exchange main market hit an intraday high after only a few minutes of the market’s opening with National Commercial Bank (NCB) stock changing hands at $55.
The movement in NCB’s price helped to push the all Jamaica composite Index market up by 5,266.74 points to 196,721.20 points and the JSE market Index surged 4,709.42 points to 176,945.54.
At the close the main market pulled back from the day’s high as NCB pulled back to close at $49.50 with 70,115 shares and ending the day with a gain of 50 cents. At the close of trading the All Jamaica Composite Index climbed 802.42 points to close at a new closing high of 192,256.88, with the year to date gains at 16 percent. The JSE Market Index rose 717.51 points to finish at 172,953.63 and the JSE combined index gained 586.89 points to end at 185,708.82 with a gain for the year to date of 18 percent.
At the close 3,262,803 units valued at $38,639,306 changed hands, compared to 5,034,107 units valued at $245,730,492 changing hands on Thursday. The junior market accounted for 1,589,420 units trading valued at $7,836,091 of the stocks traded.
ICI JSE sum 18-11-16 The average trade for the day in the main market ended at 76,063 and 133,657 units month to date. On Thursday, an average of 282,822 units traded and for the month to date, 191,250 units, in comparison the average for the October was 220,811 units.
The market closed with 39 securities trading as the prices of 20 gained while 12 declined in the overall market, including 10 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 20 stocks with bids higher than their last selling prices and just 4 with lower offers.
In market activity, Barita Investments rose 39 cents in trading 30,019 units to close at $4.50, Berger Paints traded 27,708 shares and lost 75 cents to end at $5.60, Cable & Wireless closed at 80 cents with 188,262 units trading, Caribbean Cement dived $3.55 with 75,812 units changing hands, to close at $27. Carreras ended trading 2,172 shares, to close at $65.50. The price of 1834 Investments dropped 3 cents in trading at 180,460 shares to end at $1.30, Grace Kennedy ended up trading of 176,027 units but fell $1.44 at $40, Jamaica Broilers rose 37 cents and closed at $14.95 with 46,100 shares being switched.ICI -JSE fn Qts -18-11-16 Jamaica Stock Exchange slipped 1 cent and ended at $5.69 after trading 13,110 shares, JMMB Group closed trading with 213,827 shares to end with a fall of 70 cents at $13.80, Mayberry Investments traded 45,100 shares to close at $3.90, after rising 15 cents, Investors bought 34,029 shares of 138 Student Living at $5. Pan Jamaican Investment (soon to become PANJAM Investment limited with shareholders approving the name change) gained 94 cents and closed at $24.64 after trading 220,798 shares, Radio Jamaica lost 2 cents in trading 14,228 shares at $1.30, Sagicor Group had 160,519 shares changing hands and rose 49 cents to close at $24.50. Scotia Group recovered 20 cents in trading 62,835 shares to close at $31.50, Seprod jumped $1.57 in trading 2,200 shares to end at $27.40. Proven Investments ordinary share traded 72,952 units and ended at 19.50 US cents and JMMB Group 7.50% preference share lost 1 cent in trading 30,100 units at $1.08.

National Commercial hits record at $58

NCB traded 5.8m shares up to $58 for an intra-day  high.

NCB traded 5.8m shares up to $58 for an intra-day high.

The Jamaica Stock Exchange main market pulled back slightly from the record close on Wednesday at $9 even as National Commercial Bank traded at a new intraday high of $58, with 4.8 million units trading.
At the close the All Jamaica Composite Index lost 333.38 points to close at 191,454.46, with the year to date gains at 14 percent. The JSE Market Index fell 298.11 points to finish at 172,236.12 and the JSE combined index eased by 15.03 points to end at 185,121.93 with a gain for the year to date of 17 percent.
At the close 5,034,107 units valued at $245,730,492 changed hands, compared to 35,034,107 units valued at $28,268,540 changing hands on Wednesday. The junior market accounted for 599,996 units trading valued at $2,314,012 of the stocks traded.
The average trade for the day in the main market ended at 282,822 and 191,250 units month to date. On Wednesday, an average of 125,962 units traded and for the month to date, 117,386 units, in comparison the average for the October was 220,811 units.
ICI JSE sum 17-11-16The market closed with 35 securities trading as the prices of 13 gained while 13 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 19 stocks with bids higher than their last selling prices and just 6 with lower offers.
In market activity, Barita Investments lost 9 cents in trading 68,100 units to close at $4.11, Cable & Wireless closed at 80 cents with 95,301 units trading, Caribbean Cement climbed by $1.25 with 15,900 units changing hands, to close at $30.55, Carreras loss 50 cents in trading 3,000 shares to end at $65.50. Grace Kennedy ended up trading 13,000 units at $41.44 after gaining 4 cents, Jamaica Broilers rose 7 cents and closed at $14.58 with 4,935 shares changing ownership, Jamaica Producers rose 30 cents to end at $8.30 with 129,016 units trading. ICI -JSE fn Qts -17-11-16Jamaica Stock Exchange ended at $5.70 after trading 396,314 shares, JMMB Group close trading with 287,849 shares to end with a gain of 50 cents at $14.50, Mayberry Investments traded 9,925 shares to close at $3.75. Pan Jamaican Investment (soon to become PanJam Investment limited with shareholders approving the name change) gained 90 cents and closed at $23.70 after trading 9,780 shares, Portland JSX traded 9,100 units with the price recovering 79 cents to $11, for an all-time low. Radio Jamaica lost 2 cents in trading 30,611 shares at $1.30, Sagicor Group had 35,900 shares changing hands and fell 9 cents to close at $24.01, Scotia Group shed 20 cents in trading 33,025 shares to close at $31.30, Seprod dropped $1.67 in trading 3,033 shares to end at $25.83. Proven Investments ordinary share traded 16,060 units and ended at 19.50 US cents, JMMB Group 7.50% preference share lost 1 cent in trading 517,006 units at $1.08.

Record 191,788 close for JSE stocks

Bulls in cautious run on Jamaican stocks

Bulls in cautious run on Jamaican stocks

The Jamaica Stock Exchange main market surged on Wednesday as movement in National Commercial Bank shares between Tuesday and today help drive the All Jamaican index by 1,682 points to a new all-time closing high. Trading volume rose above Tuesday’s levels but with a lower dollar value.
At the close the All Jamaica Composite Index climbed 1,682.71 points to close at 191,787.84, with the year to date gains at 13 percent. The JSE Market Index rose 1,504.65 points to finish at 172,534.23 and the JSE combined index gained 996.34 points to end at 185,136.96 with a gain for the year to date of 17 percent.
At the close 5,034,107 units valued at $28,268,540 changed hands, compared to 3,554,573 units valued at $49,191,747 changing hands on Tuesday. The junior market accounted for 1,885,054 units trading valued at $7,271,634 of the stocks traded.
ICI JSE sum 16-11-16 The average trade for the day in the main market ended at 125,962 and 117,386 units month to date. On Tuesday, an average of 90,548 units traded and for the month to date, 99,679 units, in comparison the average for the October was 220,811 units.
The market closed with 39 securities trading as the prices of 14 gained while 14 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 16 stocks with bids higher than their last selling prices and just 3 with lower offers.
In market activity, Barita Investments traded 14,000 units to close at $4.20, Berger traded 14,500 shares to gain 15 cents and close at $6.50, Cable & Wireless closed at 80 cents with 167,652 units trading, Caribbean Cement lost 65 cents with 26,557 units changing hands, to close at $29.30, Carreras gained $1 in trading 6,500 shares to end at $66. Ciboney traded 254,900 units and closed at 18 cents, Grace Kennedy ended up trading 42,866 units at $41.40 after easing 3 cents, Jamaica Broilers fell 7 cents and closed at $14.51 with 32,302 shares changing ownership, Jamaica Producers lost 20 cents to end at $8 with 124,267 units trading.ICI -JSE fn Qts -16-11-16Jamaica Stock Exchange rose 19 cents and ended at $5.70 after trading 71,432 shares, JMMB Group close trading with 289,634 shares to end at $14, Mayberry Investments rose 10 cents in trading 35,604 shares to close at $3.75, National Commercial Bank ended with just 2,200 shares changing hands but fell back $4 to $49. Trading in the shares of 138 Student Living ended in 53,200 units changing hands at $5, Pan Jamaican Investment fell 85 cents and closed at $22.80 after trading 40,782 shares, Portland JSX traded just 1,000 units with the price falling 79 cents to $10.21, for an all-time low. Sagicor Group had 117,831 shares changing hands and fell 89 cents to close at $24.10, Sagicor Real Estate Fund closed at $10.23 with 21,237 units switching owners, Scotia Group gained 29 cents in trading 75,089 shares to close at $31.50, Seprod rose 20 cents in trading 82,367 shares to end at $27.50. Proven Investments ordinary share traded 15,255 units to end at 19.50 US cents compared to 19.97 US cents on Tuesday, JMMB Group 7.50% preference share gained 1 cent in trading 1,251,688 units at $1.09 and Jamaica Money Market Brokers 7.50% preference share ended in trading 401,986 units at $2.10.

National Commercial jumps $7 to $53

NCB closes at new record on Tuesday on the JSE.

NCB closes at new record on Tuesday on the JSE.

National Commercial Bank jumped 15 percent with a rise of $7 to a 52 weeks’ high of $53 while trading 64,595 shares. Trading levels on the Jamaica Stock Exchange climbed on Tuesday from Monday’s levels and the main market climbed as the number of securities rising exceeded those falling almost 2 to 1 with 4 stocks hitting 52 weeks’ high.
At the close the All Jamaica Composite Index climbed 1,633.32 points to close at 190,105.13, with the year to date gains at 13 percent. The JSE Market Index rose 1,460.49 points to finish at 171,029.58 and the JSE combined index gained 1,250.77 points to end at 184,140.62 with a gain for the year to date of 15.6 percent.
At the close 3,554,573 units valued at $49,191,747 changed hands, compared to 1,386,155 units valued at $4,662,262 changing hands on Monday. The junior market accounted for 1,290,866 units trading valued at $5,509,660 of the stocks traded.
ICI Jm sum 15-11-16rv The average trade for the day in the main market ended at 90,548 and 99,679 units month to date. On Monday, an average of 62,133 units traded and for the month to date, 108,809 units, in comparison the average for the October was 220,811 units.
The market closed with 42 securities trading as the prices of 21 gained while 13 declined in the overall market, including 9 stocks rising and 8 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 just 1 with a lower offer.
In market activity, Barita Investments traded 115,028 units and gained 20 cents to close at $4.20, Cable & Wireless closed at 80 cents with 436,344 units trading, Caribbean Cement lost 5 cents with 131,792 units changing hands, to close at $29.95, Carreras traded 2,000 shares to end at $65. Grace Kennedy ended up trading 378,873 units at $41.43 after rising 63 cents,ICI -JSE fn Qts -15-11-16r Jamaica Broilers fell 42 cents and closed at $14.58 with 6,665 shares changing ownership, Jamaica Stock Exchange rose 19 cents and ended at $5.69 after trading 101,985 shares, JMMB Group gained 55 cents in trading 237,408 shares to end at $14. Kingston Wharves jumped $1.26 in trading 40,000 shares to close at $18.51, Pan Jamaican Investment fell 5 cents and closed at $23.65 after trading 108,967 shares, Radio Jamaica closed with a gain of 1 cent to close at $1.32 with 23,297 shares trading, Sagicor Group had 452,560 shares changing hands and rose 99 cents to close at $24.99. Sagicor Real Estate Fund traded with a rise of 11 cents to close at $10.23 with 29,630 units switching owners, Scotia Investments gained 10 cents in trading 37,500 shares to close at $26.65, Seprod rose 30 cents in trading 4,600 shares to end at $27.30. Supreme Ventures fell 10 cents trading 47,100 shares to close at $4.90 and JMMB Group 7.50% preference share traded 26,082 units at $1.08.

Jamaican stocks close down – Monday

SM sign Trading levels on the Jamaica Stock Exchange slipped at the close on Monday from Friday’s with the number of securities and volume trading falling, compared to Friday. At the close the All Jamaica Composite Index fell 919.74 points to close at 188,471.81, with the year to date gains at 12.6 percent. The JSE Market Index fell 822.42 points to finish at 169,569.09 and the JSE combined index dropped 623.42 points to end at 182,889.85 with a gain for the year to date of 15.6 percent.
At the close 1,386,155 units valued at only $14,662,262 changed hands, compared to 2,121,591 units valued at $35,719,971 changing hands on Friday. The junior market accounted for 143,487 units trading valued at $754,871 of the stocks traded.
The average trade for the day in the main market ended at 62,133 and 108,809 units month to date. On Friday, an average of 81,096 units traded and for the month to date, 155,485 units, in comparison the average for the October was 220,811 units.
ICI JSE sum 14-11-16The market closed with 31 securities trading as the prices of 7 gained while 16 declined in the overall market, including 4 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 13 stocks with bids higher than their last selling prices and just 5 with lower offers.
In market activity, Berger Paints traded 43,963 units and rose 5 cents to $6.35, Cable & Wireless closed with a loss of 5 cents to end at 80 cents with 344,471 units trading, Caribbean Cement dropped 50 cents with 18,591 units changing hands to close at $30, Carreras traded 2,675 shares and lost $1 to end at $65. Grace Kennedy fell 65 cents and ended up trading 17,455 units at $40.80, Jamaica Broilers gained 30 cents and closed at $15 with 6,050 shares changing ownership,ICI -JSE fn Qts -14-11-16 Jamaica Producers rose 20 cents in trading 1,000 shares to close at $8.20, Jamaica Stock Exchange fell 20 cents and ended at $5.50 after trading 339,443 shares. JMMB Group traded 59,840 shares to end at $13.45 with a loss of 25 cents, Mayberry Investments ended with 12,951 shares trading to close at $3.65 for a fall of 35 cents, National Commercial Bank ended trading of 19,790 shares to close at $46, Pan Jamaican Investment closed at $23.70 after trading 3,000 shares. Radio Jamaica closed with a 14 cents loss at $1.31 with 22,974 shares trading, Sagicor Group had 85,203 shares changing hands to close at $24, Sagicor Real Estate Fund traded with a fall of 13 cents to close at $10.12 with 93,001 units switching owners, Scotia Group traded 117,800 shares to close at $31.21, Scotia Investments dived $4.45 in trading 6,200 shares to end at $26.55 and Seprod fell 50 cents in trading 43,847 shares to end at $27.

Jamaican stocks rise but short of record

NCB closed at a new 52 weeks' high on the JSE on Friday following full year results.

NCB closed at a new 52 weeks’ high on the JSE on Friday following full year results.

Trading levels on the Jamaica Stock Exchange shrank sharply by the close on Friday from Thursday’s levels even as the number of securities trading remained at the same number. At the close the All Jamaica Composite Index climbed 238.43 points to close at 189,392, with the year to date gains at 13 percent.
The JSE Market Index rose 213.19 points to finish at 170,392 and the JSE combined index gained 481.02 points to end at 183,513 with a gain for the year to date of 15.6 percent.
At the close 2,121,591 units valued at $35,719,971 changed hands, compared to 18,462,121 units valued at $230,990,500 changing hands on Thursday. The junior market accounted for 256,384 units trading valued at $1,074,606 of the stocks traded.
The average trade for the day in the main market ended at 81,096 and 155,485 units month to date. On Thursday, an average of 277,373 units traded and fro the month to date, 229,873 units, in comparison the average for the October was 220,811 units.
ICI JSE sum 11-11-16The market closed with 42 securities trading as the prices of 20 gained while 12 declined in the overall market, including 8 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 just 4 with lower offers.
In market activity, Cable & Wireless closed at 85 cents with 76,118 units trading, Caribbean Cement climbed 50 cents with 26,634 units changing hands to close at $30.50, Carreras traded 18,989 shares and gained 50 cents to end at $66, Grace Kennedy end up trading 28,611 units at $41.45. Jamaica Broilers gained 20 cents and closed at $14.70 with 4,058 shares changing ownership, Jamaica Producers lost 20 cents in trading 566,435 shares to close at $8, Jamaica Stock Exchange ended at $5.70 after trading 174,446 shares, JMMB Group traded 2,000 shares to end at $13.70.ICI -JSE fn Qts -11-16 Mayberry Investments ended with 21,000 shares trading to close at $4 for a fall of 1 cent, National Commercial Bank ended trading of 292,035 shares to close at a 52 weeks’ high of $46, the stock closed with just one offer at $50 to sell 200 units. Trading in 138 Student Living, ended with 181,667 shares changing hands to close with a fall of 50 cents at $5, Pan Jamaican Investment closed at $23.70 after trading 57,959 shares, Radio Jamaica closed with a 5 cents loss at $1.45 with 10,186 shares trading, Sagicor Group had 86,046 shares changing hands and rose 5 cents to close at $24. Sagicor Real Estate Fund traded with a rise of 3 cents to close at $10.25 with 28,498 units switching owners, Scotia Group slipped 9 cents in trading 87,290 shares to close at $31.21, Seprod fell 50 cents in trading 21,445 shares to end at $27.50. Supreme Ventures rose 30 cents trading 9,840 shares to close at $5.10 and Proven Investments traded 161,675 units rising slightly to close at 19.97 US cents.

Jamaican stocks retreat from record

JSE indx 11-16 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.
ICI JSE sum 10-11-16The 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. ICI -JSE fn Qts 10-11-16Margaritaville 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.

JSE all Jamaican closes at record 190,723

 NCB closed at a new high on Wednesday.

NCB closed at a new high on Wednesday.

The main market of the Jamaica Stock Exchange surged to a new record high on Wednesday, with the All Jamaica Composite Index surging 2,251.17 points to close at 190,722.97, bringing the year to date gains to 14 percent. The JSE Market Index climbed 2,012.95 points to finish at 171,582.04 and the JSE combined index jumped 2,435.87 points to end at 184,449.82 with a gain for the year to date of 16.5 percent.
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.
ICI JSE sum 9-11-16 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,ICI -JSE fn Qts 9-11-16 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.

More JSE stocks rise than fall

JSE frnt 4 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.
ICI JSE sum 8-11-16The 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,ICI -JSE fn Qts 8-11-16 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.

Top 5 record first 100% gain

Paramount Trading closed at an all-time high of $29 last week and gained 107% since early september.

Paramount Trading closed at an all-time high of $29 last week and gained 107% since early september.

Paramount Trading entered the Top 5 junior market list from the start in September, by the second week the price jumped pushing it out of the top listing. This past week, the stock closed at $29, and gained 107 percent from the Top 5 entry price of $14.
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.Top 5 stks 4-11-16 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.