Productive Business Solution

Trading down for JSE main market – Monday

March 19, 2019 by IC Insider.com

Main market volume contracts.

More stocks traded on the main and US dollar markets of the Jamaica Stock Exchange on Monday but with much lower volume of trading than on Friday, while the value traded slipped moderately.
Main market activity ended with 8,288,904 units valued $178,058,869 trading, compared to 12,313,288 units valued $192,392,395 changing hands, on Friday.
At the close of market, the main and US markets traded 37 securities, compared to 34 trading on Friday. There was a total of 14 stocks advancing, 12 declined and 11 closed without price changes.
The reduced trading resulted in, JSE All Jamaican Composite Index falling by 809.64 points to 423,185.24 and the JSE Index declining by 735.72 points to 385,553.12.
Stanley Motta led trading with 5 million shares for 60 percent of the day’s volume, followed by Scotia Group ending with 948,696 units, for 11.5 percent of the total main market volume changing hands and Wisynco Group ended with 910,793 units, for 11 percent of the day’s volume.

Market activity ended with an average of 251,179 units valued at $5,395,723 for each security traded, in contrast to 373,130 shares valued at $5,830,073 on Friday. The average volume and value for the month to date, amounts to 392,678 shares at $5,973,550 for each security traded, in contrast to 405,757 shares at $6,032,403 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 10 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Barita Investments dropped $2.25 to close at $44.75, with an exchange of 208,400 shares, Caribbean Cement gained 60 cents to finish at $52.10, with just 405 shares changing hands, Jamaica Broilers rose 63 cents in trading 51,527 units to close at $32.51. Jamaica Producers rose 45 cents to close at $23, with 4,800 shares changing hands, Kingston Wharves lost $3 to settle at $72, trading 7,094 units, Mayberry Investments rose 39 cents and ended trading 83,841 shares at $8.99, Mayberry Jamaican Equities fell 80 cents to settle at $9.20, with an exchange of 36,764 units. NCB Financial Group gained 30 cents trading 494,218 shares to close at $144.80. PanJam Investment rose $1.50 to $81.50, trading 1,190 units, Pulse Investments added 50 cents

and closed at $3, with an exchange of 52,200 stock units, Sagicor Group gained 50 cents in trading 19,591 shares, to close at $39.50. Salada Foods gained $1 trading 1,100 units to close at $30, Scotia Group fell 76 cents in trading 948,696 stock units to close at $50.25 and Seprod lost $1 to close at $43, with 27,853 shares changing hands.
Trading in the US dollar market resulted in 24,598 units valued at $14,997 changing hands. JMMB Group 5.75% closed at $2 with 5,000 shares changing hands, Productive Business Solution US ordinary share traded 1,000 units to close with a rise of 1 cent at 58.99 cents, Proven Investments traded 18,198 units at 24 US cents and Sygnus Credit Investments Jamaican dollar ordinary share traded 400 to close at 10 US cents. The JSE USD Equities Index rose 4.17 points to close at 183.04.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

JSE stocks make gains – Tuesday

March 12, 2019 by IC Insider.com

The market indices of the main market of the Jamaica Stock Exchange rose at the end of trading on Tuesday with JSE All Jamaican Composite Index climbing 1,689.91 points to 425,346.65 and the JSE Index advancing 1,535.64 points to 387,517.20.
At the close of market, the main and US markets traded 40 securities, compared to 39 trading on Monday as 11 advanced, 14 declined and 15 traded without changes in prices.
Main market activity ended with 13,672,324 units valued at $88,199,433 trading, compared to 36,767,031 units valued at $321,823,355 changing hands, on Monday.
JMMB Group 7.5% preference share led trading with 8.38 million shares for 61 percent of the day’s volume, JMMB Group 7.25% preference share ended with 1.9 million units, for 14 percent of the total main market volume changing hands and Mayberry Jamaican Equities ended with 1.42 million units, for just 10 percent of the day’s volume.
Market activity ended with an average of 402,127 units valued at $2,594,101, in contrast to 1,081,383 units valued at $9,465,393 shares on Monday. The average volume and value for the month to date, amounts to 432,940 shares at $5,776,063 shares, in contrast to 437,535 shares at $6,330,866 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 5 stocks ending with bids higher than their last selling prices and 1 closing with a lower offer.
In main market activity, Caribbean Cement closed with a gain of $1.40 to finish at $53.40, with 23,970 shares changing hands, Jamaica Broilers lost 30 cents and finished trading 8,681 units at $32. Jamaica Producers shed 65 cents and closed at $22.50, with 35,000 shares changing hands, Kingston Wharves rose $1 to settle at $76, with an exchange of 6,247 units, Mayberry Investments lost 50 cents and ended trading of 135,556 shares, to close at $9, Sagicor Group fell 50 cents in trading 25,221 shares, to close at $39.50. Salada Foods dropped $3.70 in trading 14,000 units to close at $29, Scotia Group gained $1.09 and finished trading 7,720 shares at $51.90, Seprod slipped 35 cents to close at $43.55, with 42,959 shares trading and Wisynco Group gained 30 cents and ended trading 511,306 shares at $12.
Trading in the US dollar market resulted in 77,607 units valued at US$30,017 changing hands. JMMB Group 5.75% preference share ended trading of 6,000 stock units at $2, JMMB Group 6% preference share traded 7,150 units at US$1.04, Margaritaville lost 3 us cents and ended trading 10,347 shares at 21 US cents. Productivity Business traded 100 stock units at 58 US cents, Proven Investments closed trading with 20,310 units changing hands after rising by 0.5 cents to close at 22 US cents and Sygnus Credit Investments Jamaican ordinary share traded 33,700 but lost 0.1 cent to close at 10 US cents. The JSE USD Equities Index rose 0.78 points to close at 175.66.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Margaritaville, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Strong February start for JSE majors

February 1, 2019 by IC Insider.com

JSE main market showing strong bullish signal in breaking out of a triangle.

The main market of the Jamaica Stock Exchange enjoyed strong gains on Friday, with the market indices rising sharply on surging volume trading on the first day of February.
Main market activity ended with 34,337,150 units valued at $729,254,221, up sharply from 5,924,559 units valued at $242,360,666 on Thursday.
At the close, the All Jamaican Composite Index jumped 3,813.88 points to 414,183.55 and the JSE Index climbed 3,471.13 points to end at 377,368.19.
The main and US markets traded a total of 33 securities, with prices of 15 rising, 9 declining with 9 remaining unchanged, compared to 32 securities trading on Thursday.
Sterling Investments led trading with 14,492,015 units for 42 percent of the day’s volume, followed by Stanley Motta with 9,416,100 units and accounting for 27.4 percent of the total main market volume changing hands. Jamaica Stock Exchange with 2,677,014 units for 8 percent of the day’s volume NCB Financial Group traded 2.1 million shares and Sagicor Group traded just over 1 million units.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 7 stocks ending with bids higher than their last selling prices and 2 closing with lower offers. The reading is far less bullish than the reading at the close of Thursday, of 15 to 2.
An average of 1,107,650 units valued at over $23,524,330, in contrast to 219,428 shares valued at $8,976,321 on Thursday. Trading for January resulted in an average of 101,980 units valued at $3,042,494, for each security traded.
In main market activity, Caribbean Cement added 50 cents to close at $43, with 946,432 shares changing hands, Grace Kennedy traded 287,170 stock units and lost $1.90 to close at $58, Jamaica Producers fell 70 cents to close at $22.30, with 5,838 shares changing hands. Jamaica Stock Exchange closed trading with 2,677,014 units changing hands with a rise of 50 cents to a 52 weeks’ high of $13.50, JMMB Group climbed 99 cents to close at $32.99, trading 27,642 shares, Kingston Wharves settled at $69, with an exchange of 11,574 units. NCB Financial Group lost the $7.90 it gained on Thursday, in trading 2,096,214 shares to end at $145, PanJam Investment jumped $3.85 and ended at $75, with 4,200 units trading, Proven Investments jumped $7 trading just 300 units to close at an all-time high of $35. Productivity Business preference share gained $3 trading 1,110,200 shares at $108.01, Pulse Investments regained the 40 cents it gave up on Thursday, to finish at $3.20, with an exchange of just 100 shares, Sagicor Group dropped $1.55 trading 1,047,258 stock units, to close at $39.50. Seprod rose 38 cents to end at $33.50 with an exchange of 102,383 shares, Stanley Motta fell 50 cents in trading 9,416,100 units to close at $4.75 and Wisynco Group lost 50 cents to settle at $10.05, with an exchange of 48,385 shares.
Trading in the US dollar market resulted in 73,267 units valued at $35,223 changing hands. JMMB 6% preference share concluded trading of 23,900 units at $1.04 and Proven Investments traded 49,367 units at 21 US cents The JSE USD Equities Index advanced by 0.11 points to close at 165.63.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Drop for JSE majors in Januray

January 31, 2019 by IC Insider.com

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Trading levels rose sharply on the main market of the Jamaica Stock Exchange on Thursday, with the market indices rising sharply with advancing stocks beating declining ones by 40 percent, that left the market still 1.6 percent below the 2018 close.
At the close, the All Jamaican Composite Index surged 4,736.13 points to 410,369.67 and the JSE Index climbed 4,310.50 points to 373,897.06.
Main market activity ended with 5,924,559 units valued at $242,360,666 compared to 2,161,352 units valued at $54,090,319 on Wednesday.
The main and US markets traded a total of 32 securities, with prices of 14 rising, 10 declining with 8 remaining unchanged, compared to 36 securities trading on Wednesday.
Caribbean Cement led trading with 2,041,592 units for 34.5 percent of the day’s volume, followed by Scotia Group with 1,233,769 units and accounting for 21 percent of the total main market volume changing hands and Sagicor Group with 761,021 units and 13 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 15 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
An average of 219,428 units valued at an average of $8,976,321 for each security traded, in contrast to 65,496 units for an average of $1,639,101 on Wednesday. The average volume and value for the month to date amounts 101,980 units valued at $3,042,494 compared to 97,161 units valued at $2,776,359, previously. Trading for December ended, with an average of 835,037 units with a value of $25,906,477, for each security traded.
In main market activity, Caribbean Cement lost $1 to close at $42.50, with 2,041,592 shares changing hands, Grace Kennedy traded 499,561 stock units and gained $1.40 to close at $59.90, Jamaica Broilers gained $1.10 to close at $30, with an exchange of 63,683 units, Jamaica Producers rose $1.20 to close at $23, with 12,015 shares changing hands. JMMB Group fell 50 cents to close at $32 trading 159,216 shares, NCB Financial Group climbed $7.90 trading 92,786 shares to end at $152.90, PanJam Investment lost 85 cents and ended at $71.15, with 153,775 units trading, Proven Investments traded 2,196 units with a rise of $1.50 to close at $28. Pulse Investments lost 40 cents and finished at $2.80, with an exchange of just 100 shares, Sagicor Group rose $2.55 in trading 761,021 stock units, to close at $41.05, Salada Foods jumped $4 and ended trading at an all-time high of $42, with 7,180 stock units trading. Scotia Group dropped $1.69 to end trading of 1,233,769 shares at $50.31, Seprod rose $1.12 to end at $33.12 with an exchange of 19,046 shares and Stanley Motta gained 25 cents in trading 7,000 units to close at $5.25.
Trading in the US dollar market resulted in 1,399,848 shares valued at US$319,369 changing hands. JMMB 6% preference share fell 3 cents and concluded trading of 18,207 units at $1.04, JMMB Group 5.75% preference share fell 5 cents and settled at US$2.01, trading 5,000 shares, Productivity Business traded 18,608 stock units at 59 US cents. Proven Investments traded 1,312,533 units at 21 US cents and Sygnus Credit Investments Jamaica dollar denominated shares traded 45,500 units to close at 8 US cents after rising 1 cent. The JSE USD Equities Index advanced by 1.16 points to close at 165.52.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 1834 Investments, Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Margaritaville, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Drop for JSE main market – Monday

January 21, 2019 by IC Insider.com

Trading on the Jamaica Stock Exchange on Monday, resulted in another day of decline in the two main market indices, but the volume and value of stocks trading, dropped sharply than the elvesl on Friday.
At the close, the All Jamaican Composite Index fell 1,946.42 points to close at 406,040.32 and the JSE Index declined by 1,771.50 points to 369,956.78.
The main and US dollar markets, had 33 securities changing hands, with prices of 9 rising, 15 declining with 9 remaining unchanged, compared to 30 securities trading on Friday.
Market activity ended with 4,336,558 units valued at $78,388,229 compared to 6,892,345 units valued at $205,088,843, changing hands, on Friday.
Radio Jamaica led trading with 1,783,056 units for 41 percent of the day’s volume, followed by Pulse Investments with 699,604 units accounting for 16 percent of the volume changing hands and Sagicor Real Estate Fund with 306,096 units and 7 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 18 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
An average of 144,552 units valued at over $2,612,941, in contrast to 246,155 shares valued at $7,324,602 on Friday. The average volume and value for the month to date amounts 87,049 units valued at $2,399,754 compared to 82,851 units valued at $2,383,011, previously. Trading for December ended, with an average of 835,037 units with a value of $25,906,477, for each security traded.
In main market activity, Berger Paints lost $2.50 and ended at $17.50, with the trading of 10,398 stock units, Caribbean Cement dropped $7 trading 10,398 shares, to close at $40, Grace Kennedy rose 25 cents in trading 37,686 shares at $58.75, Jamaica Producers lost 80 cents and closed at $22.20, with 57,504 shares changing hands. NCB Financial Group gained $1 trading 243,064 shares to close at $145, PanJam Investment shed 50 cents to close at $71.50, with 110,315 units changing hands. Sagicor Group fell 99 cents to settle at $39, in trading of 80,640 shares, Sagicor Real Estate Fund fell 49 cents to settle at $10.11, in trading of 80,640 shares,Scotia Group traded 124,455 shares after gaining 39 cents to close at $52.40. Seprod fell 70 cents and ended at $30.80 with an exchange of 41,125 shares and Wisynco Group lost 45 cents and concluded trading at $9.75, with 64,698 stock units changing hands.
Trading in the US dollar market resulted in 68,991 units valued at over $14,240. JMMB Group 6% preference share settled at US$1.05 with 7,627 shares trading, Proven Investments traded 52,308 stock units at 21.9 US cents and Sygnus Credit Investments rose 0.05 cent and ended at 8 US cents trading 52,308 shares. The JSE USD Equities Index advanced by 0.12 points to close at 165.97.

JSE majors end 2018 up 31.7%

December 31, 2018 by IC Insider.com

Stocks surged on the last day of the year on the Jamaica Stock Exchange with the main market ending 2018 with a gain of 31.7 percent after rising over 10,000 points on Monday. Four stocks with gains of more than 100 percent contributed to the year’s performance.
The main market’s 2018 performance, fueled primarily by a 50 percent climb in the price of heavily weighted NCB Financial, fell below that of 2017, when the index rose 50.7 percent.
At the close of trading on Monday, the market rose sharply. The All Jamaican Composite Index surged 11,006.58 points to close at 416,842.73 and the JSE Index jumped 10,028.24 points to 379,790.86. Trading ended with 4,522,721 units valued at $121,494,950, compared to 38,390,816 units valued at $962,896,660 changing hands on Friday.
Sagicor Real Estate Fund led trading with 2,286,480 units and accounted for 50.6 percent of the day’s volume, followed by Jamaica Stock Exchange with 427,320 units or 9.5 percent of the volume changing hands and PanJam Investment with 413,486 units and 9 percent of the day’s volume.
The main and US dollar markets, had 31 securities changing hands with prices of 15 rising, 6 declining with 10 remaining unchanged, compared to 32 securities trading on Friday. Trading in the main market included Eppley ordinary share that has migrated from the Junior Market. Barita Investments moved to another record high, with the price moving to $56 but pulling back by the close to a record closing high of $52.
An average of 161,526 units valued at $4,339,105, in contrast to 1,279,694 shares valued at $32,096,555 on Friday. The average volume and value for the month to date, amounts to 835,037 units with a value of $25,906,477, compared to 871,027 units with a value of $27,121,540, previously. November closed, with an average of 405,528 valued at $7,755,942, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 12 stocks ending with bids higher than their last selling prices and 5 closing with lower offers.
In main market activity, Barita Investments rose $2 and ended at an all-time closing high of $52, with an exchange of 14,240 shares, Jamaica Stock Exchange rose $1 to close at $10.50 in trading 427,320 units, JMMB Group jumped $4.30 and ended at $32.56, with 71,004 shares trading. Kingston Wharves declined by $1 and finished trading of 1,147 stock units at $76.50, NCB Financial Group gained $2 as 42,537 shares changed hands, to close at $150. PanJam Investment closed with 413,486 units trading with a gain of $2 to finish at $74, Sagicor Group lost $1 to end at $39, trading 48,381 shares, Sagicor Real Estate Fund rose $4.23 after trading 2,286,480 shares to end at $15.70. Seprod traded 41,618 shares and rose $1.49 to close at $31, Supreme Ventures rose $2 and closed at $18 trading 103,314 shares and Sygnus Credit Investments rose 60 cents and ended at $11 with 77,195 shares changing hands.
Trading in the US dollar market amounted to 111,418 units valued at $ $71,730. Eppley 5% preference share closed at $1 trading 1,374 shares, JMMB Group rose 6 cents and ended at US$2.06 with 5,244 shares changing hands and Productivity Business traded 104,800 stock units and increased 1 cent to 59 US cents. The JSE USD Equities Index rose 0.12 points to close at 159.61.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Margaritaville, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Productive Business Solution, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

JMMB big sale dominates JSE trading

December 27, 2018 by IC Insider.com

NCB Financial sale of 327 million shares in JMMB Group dominated trading on the main market of the Jamaica Stock Exchange on Thursday swelling the total amount of stocks trading to $9.3 billion.
At the close of trading, the market suffered a big fall, as the All Jamaican Composite Index dropped 7,385.56 points to close at 397,315.48 and the JSE Index dived 6,729.08 points to 361,999.33. Trading ended with 329,919,002 units valued at $9,327,532,031 compared to 21,522,449 units valued at $497,625,550 changing hands on Monday.
JMMB Group led trading for the second consecutive day with 327,137,347 units and accounted for 99 percent of the day’s volume, followed by Carreras with 561,455 units.
The main and US dollar markets, had 30 securities changing hands with prices of 12 rising, 10 declining with 8 remaining unchanged, compared to 30 securities trading on Monday. Barita Investments ended at record high with the price moving to $48.60 at the close after it hit an intraday high of $49.50.
An average of 11,782,822 units valued at over $333,126,144, in contrast to 768,659 units valued at $17,772,341 on Monday. The average volume and value for the month to date, amounts to 846,209 units with a value of $26,801,946, compared to 189,073 units valued at $7,264,184, previously. November closed, with an average of 405,528 valued at $7,755,942, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 3 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Barita Investments jumped $2.10 and ended at an all-time closing high of $48.60, with an exchange of 82,575 shares, Caribbean Cement lost 20 cents to close at $41.80, trading 25,150 shares, Grace Kennedy climbed $1 in trading 5,523 shares to close at $61. Jamaica Broilers fell $1.75 in exchanging 149,033 shares at $26, Jamaica Producers gained 53 cents trading 57,369 shares to close at $23, Kingston Wharves shed 50 cents and finished trading 452 stock units at $77, Mayberry Investments lost 75 cents to close at $9.25, with 11,020 stocks units trading. Mayberry Equities gained 35 cents to close at $9.55, with 9,576 stocks units changing hands, NCB Financial Group jumped $2.80 as 284,630 shares changed hands to close at $146.80, Sagicor Real Estate Fund rose $1 and traded 300,883 stock units to end at $11. Scotia Group fell 50 cents to close at $52.01, with 275,519 units changing hands and Supreme Ventures lost 40 cents and closed at $15.60 trading 81,392 shares.
Trading in the US dollar market amounted to 63,148 units valued at $11,894 with Proven Investments ended trading 61,848 shares at 19 US cents and Sygnus Credit Investments rising 2 cent and ended at 11 US cents with 1,300 shares changing hands. The JSE USD Equities Index rose 2.31 points to close at 157.35.

JSE in big drop on Monday

December 24, 2018 by IC Insider.com

The main market of the Jamaica Stock Exchange, suffered a big fall, as the All Jamaican Composite Index dropped 3,740.95 points to 404,701.04 and the JSE Index dived 3,408.43 points to close at 368,728.41 as several securities traded in unusually large volume.
Trading ended with 21,522,449 units valued at $497,625,550 compared to 2,910,367 units valued at $151,839,351 changing hands on Friday.
Carreras led trading for the second consecutive day with 6,065,330 units in accounting for 28 percent of the day’s volume, followed by Jamaica Stock Exchange with 5,063,063 units or 23.5 percent of the overall volume and Sagicor Group with 3,128,470 units or 14.5 percent of volume traded.
A total of 30 securities changed hands in the main and US dollar markets, with prices of 8 rising, 13 declining with 9 remaining unchanged, compared to 32 securities trading on Friday. Barita Investments ended at record high with the price moving to $46.50 at the close after it hit an intraday high of $47.
An average of 768,659 units valued at over $17,772,341, in contrast to 97,012 shares valued at $5,061,312 on Friday. The average volume and value for the month to date, amounts to 189,073 units with a value of $7,264,184, compared to 153,070 units with a value of $8,875,444, previously. November closed, with an average of 405,528 valued at $7,755,942, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 3 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Barita Investments jumped $4.46 and ended at an all-time closing high of $46.50, with an exchange of 12,300 shares, Caribbean Cement lost 55 cents to close at $42, trading 2,655,630 shares, Grace Kennedy lost $1 and ended trading 22,392 shares at $60, Jamaica Broilers lost $1.75 to close at $27.75, in trading 938,678 stock units. JMMB Group lost $1.20 in trading 650,920 shares to close at $32.80. Kingston Wharves gained 50 cents and finished trading 4,524 stock units at $77.50, Mayberry Equities shed 30 cents to close at $9.20, with 250 stocks units changing hands. NCB Financial Group dropped $3.15 in trading 158,893 shares to close at $144, PanJam Investment declined by $1.80 to $72, with 23,867 stock units changing hands, Sagicor Real Estate Fund fell 50 cents in trading 34,000 shares at $10, Salada Foods lost $1 and ended trading at $30, with 19,520 stock units. Scotia Group fell $3.49 at $52.51, with 1,574,855 units changing hands, Stanley Motta traded 51,100 shares and rose 45 cents to close at $5.45 and Supreme Ventures rose 50 cents and closed at $16 trading 80,900 shares.
Trading in the US dollar market amounted to 48,095 units valued at $9,479 with Productivity Business settling at 58 US cents trading 875 shares and Proven Investments ended trading 47,220 shares at 19 US cents. The JSE USD Equities Index rose 0.08 points to close at 155.04.

JSE stocks mostly fall on Tuesday

December 18, 2018 by IC Insider.com

PanJam traded at a record high of $77.

The main market of the Jamaica Stock Exchange, lost more grounds at the close trading on Tuesday with the All Jamaican Composite Index falling 1,078.94 points to 407,856.64 and the JSE Index declining by 983.04 points to end at 371,603.52.
Trading ended with 7,677,766 units valued at $240,095,42, compared with 3,443,415 units valued at $195,803,075 on Monday. A total of 32 securities changed hands in the main and US dollar markets, with prices of 12 rising, 16 declining and 4 remaining unchanged compared to 36 securities trading on Monday. At the end of trading, Barita Investments and PanJam Investment ended at record closing highs.
At the close, an average of 274,206 units valued at over $8,574,837 traded, in contrast to 114,781 units valued at over $6,526,769 on Monday. The average volume and value for the month to date, amounts to 134,585 units with a value of $5,187,011, compared to 122,630 units with a value of $4,870,814, previously. November closed, with an average of 405,528 valued at $7,755,942, for each security traded.

Carreras led trading for the second consecutive day with 2,160,966 units in accounting for 28.2 percent of the day’s volume, followed by Mayberry Equities with 1,138,231units or 14.8 percent of the overall volume and Scotia Group with 952,302 units and 12.4 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than their last selling prices and 6 closing with lower offers.
In main market activity, Barita Investments climbed $1.01 and ended at an all-time closing high of $33.50, with an exchange of 7,764 shares, Berger Paints dropped $4.20 to ended at $19 with 1,770 stock units changing hands, Caribbean Cement dived $4.02 to close at $38.50, with 50,000 shares traded, Grace Kennedy shed $2.50 and ended trading at $59.50, with 112,478 shares. Jamaica Producers jumped $4.35 finished trading 14,340 units at $26.85, JMMB Group lost 45 cents in trading 110,925 shares to close at $32.05. Kingston Wharves finished at $77, after jumping $4 in trading 256,450 stock units, Mayberry Investments finished with a loss of 80 cents at $9.10, with 16,891 stock units changing hands. Mayberry Equities rose 49 cents at $10, with 1,138,231 stock units changing hands.

PanJam Investment rose $1 to close at a record high of $75, with an exchange of 7,023 stock units, Sagicor Group lost 99 cents and finished at $40, with 545,715 shares trading, Sagicor Real Estate Fund lost 50 cents to end at $10 in exchanging 302,950 units, Scotia Group dropped $3.98 and ended trading 952,302 stock units at $52.02 and Seprod traded 541,759 units and rose $1.49 to end at $31. In the preference sector Productivity Business Solution dropped $2.99 and ended trading of 115,000 shares to close at $105.01.
Trading in the US dollar market amounted to 90,900 units valued at over $50,904 with Proven Investments ended trading of 2,530 shares with a rise of 3 cents to end at 23 US cents Sygnus Credit Investments traded 15,643 stock units and lost 2 cents and settled at 9 US cents. In the preference sector JMMB Group 5.75% concluded trading of 1,028 shares with a fall of 6 cents and completed trading at US$2 and JMMB Group 6% fell 2 cents to completed t trading at $1.05 with 2,035 stock units. The JSE USD Equities Index rose 5.18 points to close at 171.73.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Margaritaville, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Big drop for JSE stocks on Monday

December 17, 2018 by IC Insider.com

The main market of the Jamaica Stock Exchange closed mixed on Monday, with declining stock just edging out advancers but the market indices dropped sharply.
A total of 36 securities changed hands in the main and US dollar markets, with prices of 12 rising, 14 declining with 10 remaining unchanged compared to 28 securities trading on Friday. At the close of the market, the All Jamaican Composite Index dived 4,293.22 points to 408,935.58. and the JSE Index dropped 3,911.61 points to close at 372,586.56.
Trading ended with 3,443,415 units valued at $195,803,075 changing hands, compared with 3,068,694 units valued at $164,573,042 on Friday.
At the close, an average of 114,781 units valued at over $6,526,769 traded, in contrast to 113,655 units valued at over $6,095,298 on Friday. The average volume and value for the month to date, amounts to 122,630 units with a value of $4,870,814, compared to 123,423 units with a value of $4,686,819, previously. November closed, with an average of 405,528 valued at $7,755,942, for each security traded.
NCB Financial led trading for the third consecutive day with 702,122 units in accounting for 20.4 percent of the day’s volume, followed by Grace Kennedy with 606,009 units or 17.6 percent of the overall volume and Sagicor Group with 530,562 units and 15.4 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 7 stocks ending with bids higher than the last selling prices and 5 closing with lower offers.
In main market activity, Barita Investments lost 96 cents and ended at $32.49, with an exchange of 31,329 shares, Berger Paints rose $1.20 to close at $23.20, with just 5,000 stock units changing hands, Caribbean Cement fell 43 cents to close at $42.52, as 21,950 shares traded, Grace Kennedy ended trading 606,009 shares with an increase of $2 to end at $62. Jamaica Producers finished trading 17,375 units with a decline of $2.20 to close at $22.50, Jamaica Stock Exchange lost 89 cents to close at $9.16, in trading 15,650 shares, JMMB Group shed $1.50 in trading 178,591 shares to close at $32.50. Kingston Wharves finished at $73, after falling $2.30 trading 15,042 stock units, NCB Financial Group rose 90 cents in ending trading of 702,122 shares at $148, PanJam Investment rose $2 to close at $74, with an exchange of 20,835 stock units, Sagicor Group fell $1.01 to close at $40.99, with 530,562 shares changing hands, Scotia Group climbed $1.99 in trading 240,745 units to close at $56 and Seprod fell $2.09 trading 142,852 shares to close at $29.51.
Trading in the US dollar market amounted to 116,255 units valued at $31,628 with Margaritaville gained 1 cent and ended at 25 US cents with 100 shares trading, Productivity Business ended trading 100 shares and increased 3 cents to 59 US cents, Proven Investments traded 100 stock units and lost 2 US cents to end at $20 us cents and Sygnus Credit Investments US dollar based ordinary share traded 719 units and rose 2 cents to end at 11 US cents. The JSE USD Equities Index declined by 0.33 points to close at 166.55.