JSE main market pull back ends – Thursday

JSE slowly moving upwards.

The pull back from the record reached on Friday by Jamaica Stock Exchange ended with a modest rise in the market index on Thursday as the price of 8 stocks rose, 9 declined and 11 traded firm.
At the close, the JSE All Jamaican Composite Index rose modestly and ended with an increased by 24.50 points at 328,387.59 and the JSE Index advanced by 22.32 points to 299,198.19.
Caribbean Cement shed $1.80 to close at $35.50, Grace Kennedy rose $1 to $49 and PanJam Investments traded at a new high of $46 with a rise of $1.
At the end of market activities, 28 securities traded, compared to 29 on Wednesday, in the main and US dollar markets and resulted in 5,201,225 units valued at $121,866,039 compared to 4,614,305 units valued at $109,133,839 changing hands in the main market, on Wednesday.
JMMB Group trade 2,027,120 units and accounted for 38.97 percent of trading volume, followed by Wisynco Group with 1,193,538 units and 22.95 percent of the volume and Caribbean Cement with 979,272 units and 18.83 percent of the day’s volume.
Trading resulted in an average of 200,047 units valued at an average of $4,687,155 for each security traded. In contrast to 170,900 units for an average of $4,041,993 on Wednesday. The average for the month to date is 367,467 shares with a value of $20,307,869 and previously 389,231 shares with a value of $49,857,592. In contrast, April closed with an average of 708,206 shares with a value of $6,395,518 for each security traded.
In the US dollar market, Proven Investments traded with 206.397 shares and fell 3 cents to 20 US cents and the market index dropped 8.89 ended at unchanged at 165.29. JMMB Group 5.75% US preference share traded 14,000 units at US$1.01, up by a cent.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 1 closing with a lower offer.
For more details of market activities see – .

Market up 4 of 5 days to Monday

The main market of the Jamaica Stock Exchange continued its quiet move higher as the market closed on Monday with gains on 4 days out of 5. The market ended with 26 securities changing hands and 1 trading in the US dollar market. At the close, 12 stocks advanced and 8 declined and 3 stocks closed at 52 weeks’ high.
Trading levels in main market ended at 1,892,384 units valued at $17,691,277 compared to 2,910,852 units valued at $97,817,290 at the close on Friday. Trading in the US dollar market accounted for just 760 units valued at US$228.
The All Jamaica Composite Index gained 1,103.05 points to close at 251,873.90 the JSE Market Index advanced 1,005.00 points to finish at 229,485.66 and the JSE US dollar market index remained at 760 points at the close.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 9 stocks with bids higher than their last selling prices and 3 with lower offers.
The main market ended trading with an average of 184,556 units valued at $680,434 per security compared to an average of 116,434 units and $3,912,692 on Friday. The average trade for the month to date ended at 454,388 units and $5,163,911 versus an average of 454,388 units and $5,508,794 on the prior trading day. The average volume and value for March ended at 549,909 units and $1,379,459.
In market activity, Barita Investments closed at $7.10 with trades of 300 shares, Berger Paints closed at $14.99, with gains of $1.47 exchanging 1,230 shares, Cable and Wireless closed at $1.36, losing 4 cents with 1,031,203 shares changing hands, Caribbean Cement traded $2 lower at $30 with an exchange of 75,122 units. Carreras closed at a 52 weeks’ high of $75.90, with gains of 90 cents while exchanging 12,046 shares, Grace Kennedy closed at $44, with a loss of 50 cents trading 31,293 units, Jamaica Broilers closed at $16.80 with 19,196 shares changing owners, Jamaica Producers closed at $15.50 exchanging 2,602 shares, Jamaica Stock Exchange closed 50 cents lower at $8, trading 107,792 shares. JMMB Group closed 29 cents higher to $19.99 trading 54,400 units, Kingston Properties gained 50 cents to close at $16 exchanging 5,980 units, Kingston Wharves closed at $32, while rising 50 cents trading 13,221 units, NCB Financial Group traded at $65, with 37,342 shares changing hands, 1834 Investments gained 15 cents to close at $1.65, with an exchange of 40,389 shares, PanJam Investments closed 95 cents higher to $35.60 trading 5,345 shares. Pulse Investments lost 1 cent with 200,000 shares changing hands, to end at $8.04,Radio Jamaica was down 4 cents to close at $1.75 with trades of 5,300 shares, Sagicor Group closed at $33, losing 50 cents with an exchange of 39,945 shares, Sagicor Real Estate Fund rose 45 cents to close at $10.50, with 991 shares being swapped, Scotia Group closed at $41 exchanging 61,310 units, Seprod closed $1 higher to $36, trading 1,563 shares, Supreme Ventures closed at $6.35, losing 3 cents exchanging 57,364 shares. Proven Investments closed at 30 US cents with trades of 760 ordinary shares, Proven Investments 8.25% preference share gained 6 cents in trading 20,000 units at $5.17, JMMB 7.25% preference share traded 10 cents higher to close at a 52 weeks’ high of $2.51 with 25,000 units changing hands, and JMMB 7.50% preference share closed 8 cents higher to $1.88 with trades of 26,250 units.