Productive Business Solution

Big bounce for JSE stocks on Friday

December 14, 2018 by IC Insider.com

Barita climbs to a new closing high of $33.45 on Friday.

Advancing stocks finally had the upper hand over declining ones, on the main market of the Jamaica Stock Exchange, leading the market indices to rise on Friday, at a faster pace than on Thursday.
At the close of the market, the All Jamaican Composite Index climbed 3,172.73 points to 413,228.80 and the JSE Index advanced by 2,890.71 points to end at 376,498.17.
Trading ended with 3,068,694 units valued at $164,573,042 changing hands, compared with 5,840,821 units valued at over $422,371,897 on Thursday. A total of 28 securities changed hands in the main and US dollar markets, with prices of 13 rising, 11 declining and 4 remaining unchanged compared to 29 securities trading on Thursday. At the end of trading two stocks ended at record closing highs.
At the close, an average of 113,655 units valued at over $6,095,298 traded, in contrast to 224,647 units valued at $16,245,073 on Thursday. The average volume and value for the month to date, amounts to 123,423 units with a value of $4,686,819, compared to 124,399 units with a value of $4,530,322,

previously. November closed, with an average of 405,528 valued at $7,755,942, for each security traded.
NCB Financial led trading for the second consecutive day with 743,620 units in accounting for 24.2 percent of the day’s volume, followed by Sagicor Real Estate Fund with 462,923 units or 15 percent of the overall volume and Sagicor Group with 400,607 units and 13 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 5 stocks ending with bids higher than the last selling prices and 3 closing with lower offers.
In main market activity, Barita Investments climbed $1.45 and ended at a all-time closing high of $33.45, with an exchange of 17,698 shares, Berger Paints dipped $2.50 to close at $22, with just 2,500 stock units changing hands, Caribbean Cement fell $1.05 to close at $42.95, with 67,450 shares traded, Jamaica Broilers rose 50 cents in trading 38,920 stock units at $29.50, Jamaica Producers finished trading 114,650 units with a fall of

$1 to close at $24.70, Jamaica Stock Exchange rose 55 cents to close at $10.05, in trading 104,874 shares, JMMB Group added $1 in trading 25,977 shares to close at $34. Kingston Wharves finished at $75.30, after falling by 70 cents in trading 4,300 stock units, NCB Financial Group rose $2.09 in ending trading of 743,620 shares at $147.10, PanJam Investment rose $2 to close at $72, with an exchange of 25,544 stock units, Sagicor Real Estate Fund rose 30 cents to close at $10.50, with 462,923 shares changing hands, Salada Foods gained $1 and ended trading of just 100 stock units at a record close of $31 and Scotia Group dropped $1.99 in trading 35,026 units to close at $54.01.
Trading in the US dollar market amounted to 90,900 units valued at over $50,904 with Productivity Business being the sole stock trading as the price ended trading with a loss of 3 cents to end at 56 US cents. The JSE USD Equities Index declined by 2.34 points to close at 166.88.

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, 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

Trading jumps at JSE – Thursday

December 13, 2018 by IC Insider.com

Declining stocks beat out on advancing ones again on the main market of the Jamaica Stock Exchange but market indices rose to halt the recent daily decline as the volume and value of stocks climbed sharply from Wednesday’s out turn.
The main market ended with 5,840,821 units valued at over $422,371,897 trading, compared with 1,635,588 units valued at $49,600,589 changing hands on Wednesday. A total of 29 securities changed hands in the main and US dollar markets, with prices of 10 rising, 12 declining and 7 remaining unchanged compared to 26 securities trading on Wednesday.
At the close of the market, the All Jamaican Composite Index climbed 1,139.10 points to close at 410,056.07 and the JSE Index advanced by 1,037.84 points to close at 373,607.46.
Trading resulted in an average of 224,647 units valued at $16,245,073, in contrast to 62,907 units valued at over $1,907,715 on Wednesday. The average volume and value for the month to date, amounts to 124,399 units with a value of $4,530,322, compared to 113,717 units with a value of $3,126,711, previously. November closed, with an average of 405,528 valued at $7,755,942, for each security traded.
NCB Financial led trading with 2,238,381 units in accounting for 38.32 percent of the day’s volume, followed by Jamaica Producers with 930,181 units or 15.93 percent of the overall volume and Seprod with 907,620 units and 15.54 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 5 stocks ending with bids higher than the last selling prices and 4 closing with lower offers.
In main market activity, Barita Investments shed 90 cents and closed at $32, with an exchange of 11,570 shares, Berger Paints jumped $6.50 to close at a record high of $24.50, with just 1,000 stock units changing hands, Jamaica Broilers lost 50 cents in trading 65,646 stock units at $29, Jamaica Producers finished trading 930,181 units with a fall of $1.30 to close at $25.70, JMMB Group fell $1.97 in trading 180,489 shares to close at $33. Mayberry Investments rose 50 cents and settled at $9.50, with 27,667 units changing hands, PanJam Investment rose 35 cents to close at $70, with an exchange of 213,004 stock units, Sagicor Real Estate Fund lost 79 cents to close at $10.20, with 1,000 shares changing hands, Scotia Group gained $1 trading 141,156 units to close at $56, Seprod traded 907,620 shares after declining by 50 cents to close at $31.50, Supreme Ventures rose 45 cents to $16, with 226,840 shares changing hands.
Trading in the US dollar market amounted to 14,830 units valued at over $15,692 as JMMB Group 5.75% percent preference share closed with just with 4,820 units trading but fell 10 cents to US$1,06, JMMB Group 6% preference share closed with just with 5,310 units trading but fell 10 cents to US$2 and Sygnus Credit Investments lost 1 cent and ended at 10 US cents with 4,700 shares changing hands. The JSE USD Equities Index declined by 1.06 points to close at 169.22.

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, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

JSE fails to hang on to record – Monday

December 3, 2018 by IC Insider.com

The main market of the Jamaica Stock Exchange, surged to a new record high in early morning trading after just 7 minutes of the opening with the JSE All Jamaican Composite Index rising 5,319.88 to a record 435,784.80 points and briefly moved higher to more than 435,900 points before pulling back, at the close the index put on 2,407.17 points to 432,872.09.
The JSE index climbed 4,847.01 points to a record of 397,049.24 after 7 minutes of trading pulled back at the close but still put on 2,589.66 points to close at 392,202.23.
Market activity resulted in 3 securities trading at record highs but ended with 2 securities closing at record highs and one closing at 52 weeks’ ow, as 26 securities in the main and US dollar markets changed hands, compared to a 31 on Friday. At the end, prices of just 6 stocks rose, 15 declined and 5 remained unchanged.
The main market ended with just 843,989 units valued at $24,687,711 changing hands, compared with 12,946,386 units valued at $522,988,358 that were exchanged on Friday.
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 2 closing with lower offers.
Trading resulted in an average of 33,760 units valued at over $987,508, in contrast to 446,427 shares valued at $18,034,081 on Friday. November closed, with an average of 405,528 valued at $7,755,942, for each security traded.
In main market activity, Barita Investments fell 50 cents to close of $27.50 after trading at new in intraday record high of $31, with 19,020 shares changing hands, Caribbean Cement climbed $1.45 and finished trading of 2,755 shares at $44.95, Carreras concluded trading of 103,177 units at $9.10 after falling 40 cents, Grace Kennedy dropped $1.50 in trading of 34,081 shares at $56.50, Jamaica Stock Exchange fell 63 cents and closed at $9, trading 19,650 shares, Kingston Wharves fell $2.79 to $73, with 6,817 stock units changing hands. Mayberry Jamaica Equities lost 85 cents trading 7,993 shares in closing at $9.15, NCB Financial Group declined by $2.05 to end trading of 66,427 shares at $157, PanJam Investment dropped $4 to $70, with an exchange of 13,890 stock units, Sagicor Group fell 50 cents to finish trading of 57,553 shares at $49.50, Scotia Group traded 14,660 shares and rose $2 to close at $57, Seprod added $2.40 trading of 27,970 shares, to close at $32.40.

Trading in the US dollar market amounted to 40,224 units valued at over $8,569 as Proven Investments lost 1 cent and ended trading at 21 US cents. The JSE USD Equities Index closed with a rise of 0.87 points to close at 168.55.

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

JSE stocks making strong recovery

November 20, 2018 by IC Insider.com

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The Jamaica Stock Exchange main market indices were pushed sharply higher on Tuesday, sending the All Jamaica Index surging 5,742.86 points to 397,756.57 and JSE Index jumped 5,232.40 points to close at 362,401.24, thanks partially to jump in the price of NCB Financial.
Market activity closed with 32 active securities in the main and US dollar markets, compared to 30 on Thursday with the prices of 13 stocks rose, 9 declined and 10 remained unchanged.
Main market trading closed with JMMB Group leading with 5,977,409 units, or 49 percent of the day’s volume and NCB Financial with just under 4.29 million units and 35 percent of volume traded.
IC bid-offer Indicator|At the end of trading, the Choice bid-offer indicator reading shows 3 stocks ending with the bid higher than the last selling prices and 7 closing with lower offers.
The market closed with much more trading volume and value than on Monday as 12,215,304 units valued at over $798,389,015 changed hands, compared with 8,566,949 units valued at $433,399,089 being exchanged, on Monday.
Trading resulted in an average of 436,261 units valued at over $28,513,893, in contrast to 295,412 shares valued at $14,944,796 on Monday. The average volume and value for the month to date, amounts to 268,764 valued at $6,039,932, compared to 256,707 valued at $4,301,615. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In the main market activity, Barita Investments gained 74 cents and closed at $19.75, trading 2,000 shares, Carreras concluded trading of 10,257 units and lost 32 cents at $9.50, Caribbean Cement jumped $7.75 to close at $50 in trading of 7,325 shares, PanJam Investment rose $2.30 in closing at $64, with an exchange of 62,978 stock units, Sagicor Group advanced by $2 to $39 with an exchange of 3,563 shares, Sagicor Real Estate Fund gained 30 cents and settled at $11.75, trading 3,880 shares, Scotia Group gained $2.99 trading 31,977 to close at $55.99, Seprod shed 50 cents to end trading of 156,060 shares at $29.50 and Sterling Investments fell 50 cents and closed at $20, with 3,094 shares.
Trading in the US dollar market amounted to 43,400 units valued at over $18,506 as JMMB Group 6.00% traded 12,100 units losing 1 cent to close at $1.04, Productive Business Solution traded 1,000 shares at 59 US cents, Proven Investments closed the trading of 25,000 shares at 19 U$ cents and Sygnus Credit Investments USD share ended with 5,300 units changing hands and rose 1 cent to 9 US cents..
The JSE USD Equities Index inched 0.02 points down to close at 157.77.

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

Main market stocks make gains – Monday

November 19, 2018 by IC Insider.com

Grace new HQ close to the end of construction in downtown Kingston

Stocks remained volatile in trading on the Jamaica Stock Exchange on Monday, but the main market indices closed higher with the All Jamaica Index ending 3,162 points ahead of Friday’s close closing much lower than the 9,168.21 points it put on, 30 minutes after trading opened.
Market activity closed with 30 active securities in the main and US dollar markets, compared to 30 on Friday with the prices of 11 stocks rose, 14 declined and 5 remained unchanged.
The All Jamaica Composite Index jumped 3,162.03 points to 392,013.71 and the JSE Index advanced 2,880.96 points to close at 357,168.84.
Main market trading closed with Grace Kennedy leading with 7,016,055 units, or just less than 82 percent of the day’s volume, PanJam Investment with 305,749 units with and 3.6 percent of volume traded.
IC bid-offer Indicator|At the end of trading, the Choice bid-offer indicator reading shows just 7 stocks ending with the bid higher than the last selling prices and 2 closing with lower offers.
The market closed with much more trading volume and value than on Friday as 8,566,949 units valued at $433,399,089 changed hands, compared with 7,711,871 units valued at $172,980,680 being exchanged, on Friday.
Trading resulted in an average of 295,412 units valued at over $14,944,796, in contrast to 275,424 shares valued at $6,177,881 on Friday. The average volume and value for the month to date, amounts to 256,707 valued at $4,301,615, compared to 253,590 valued at $3,374,731. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In the main market activity, Berger Paints rose 40 cents and ended at $19, trading 5,200 stock units, Carreras concluded trading of 32,622 units and rose of 50 cents at $9.50, Caribbean Cement dropped $7.75 to close at $42.25 in trading of 28,547 shares, Grace Kennedy rose $1 to end trading 7 million shares to close at $54, Jamaica Producers dipped $2.51 to end at $22, trading 4,130 shares, JMMB Group declined $1.20 to $31.80, with an exchange of 28,707 shares, PanJam Investment dropped $4 in closing at $61.70, with an exchange of 305,749 stock units, Sagicor Group gave up $1.50 and settled at $37 with an exchange of 130,395 shares, Sagicor Real Estate Fund lost 55 cents and settled at $11.45, trading 28,900 shares, Salada Foods rose $1 to close at $21.50 trading 6,300 shares, Scotia Group dropped $2.99 trading 31,977 to close at $53, Seprod gained $1 to end trading of 150,547 shares at $29.50, traded 8,063 shares and rose Stanley Motta 70 cents to $5.25, Sterling Investments climbed 75 cents to $20.50, trading 1,100 shares and Supreme Ventures lost 99 cents and ended at $16, with an exchange of 44,431 shares.

Trading in the US dollar market amounted to 17,541 units valued at $3,348 as Proven Investments was the sole stock trading and ended at 19 U$ cents.
The JSE USD Equities Index inched 0.36 points higher to close at 157.79.

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, 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

NCB jumps sharply to a new record – Friday

November 16, 2018 by IC Insider.com

NCB closed at a record high on Friday.

The Jamaica Stock Exchange closed on Friday, with NCB Financial Group jumping $7.58 and ended trading 585,404 shares at record $137.99, after the Financial Securities commission of Trinidad announced clearance for NCB to proceed with the acquisition of up to nearly 52 percent of Guardian Holdings.
Market activity closed with 30 active securities in the main and US dollar markets, compared to 32 on Thursday with the prices of 14 stocks rose, 10 declined and 6 remained unchanged.
The All Jamaica Composite Index lost 1,646.73 points to 388,851.68 and the JSE Index declined by 1,500.36 points to close at 354,287.88.
Main market trading closed with Carreras leading with 4,106,737 units, or 53 percent of the day’s volume, JMMB Group 7.25% preference shares with 862,000 units with and 11 percent of volume traded and NCB Financial with 585,404 units accounting for 7.6 percent of main market volume.
IC bid-offer Indicator|At the end of trading, the Choice bid-offer indicator reading shows just 7 stocks ending with the bid higher than the last selling prices and 2 closing with lower offers.
The market closed with much more trading volume than on Thursday, as 7,711,871 units valued at $172,980,680 changed hands, compared with 3,304,274 units valued at $77,547,412 being exchanged, on Thursday.
Trading resulted in an average of 275,424 units valued at over $6,177,881, in contrast to 110,142 shares valued at $2,584,914 on Thursday. The average volume and value for the month to date, amounts to 253,590 valued at $3,374,731, compared to 251,748 valued at $3,117,393. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In the main market activity, Caribbean Cement jumped $4 to close at $50 in trading of 48,646 shares, Grace Kennedy fell 60 cents to end trading of 63,596 shares at $55, Jamaica Producers gained $1.50 to end at $24.51, trading 650,876 shares, Jamaica Stock Exchange lost 84 cents, in closing at $10.16, trading 96,393 shares, JMMB Group declined $1 to $33, with an exchange of 231,551 shares, Kingston Wharves rose $1.90 to $77.90 trading 2,683 shares, Mayberry Investments rose 43 cents to settle at $10, in exchanging 46,773 units, NCB Financial Group jumped $7.58 and ended trading of 585,404 shares at $137.99. PanJam Investment gained 60 cents in closing at $65.70, with an exchange of 40,135 stock units, Sagicor Real Estate Fund rose 50 cents and settled at $12, trading 12,010 shares, Salada Foods lost $1 to close at $20.50 as 19,000 shares traded, Scotia Group rose $2.49 trading 100,792 to close at $55.99, Seprod lost $1 to end trading of 209,641 shares at $28.50 and Supreme Ventures added 49 cents and ended at $16.99, with an exchange of 100 shares.
Trading in the US dollar market amounted to 52,105 units valued at $12,214. JMMB Group completed trading at $1.05 with 2,704 stock units and Proven investments completed trading 49,401 shares and lost 1 cent to end at 19 U$ cents and rose 0.5 cents. The JSE USD Equities Index fell 2.22 points to close at 157.43.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, 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, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Palace plunged $500 on Wednesday

November 14, 2018 by IC Insider.com

Palace Dropped $500 back to $1,000.

After months with no trades, with investors offering the stock well below that last traded price of $1,500, Palace Amusement finally traded but with just 100 units, the trade took place on The Jamaica Stock Exchange on Wednesday for $500 less than the previous traded price.
Market activity closed with 33 active securities in the main and US dollar markets, compared to 30 on Tuesday with the prices of 10 stocks rose, 9 declined and 14 remained unchanged.
The All Jamaica Composite Index lost 139.79 points to close at 390,797.85 and the JSE Index declined by 127.37 points to close at 356,061.07.
Main market trading closed with Jamaica Broilers leading with 2,506,851 units, or 34.7 percent of the day’s volume, Scotia Group with 1,533,780 units and 21 percent of volume traded and Radio Jamaica with 1,002,700 units accounting for 13.9 percent of main market volume.
IC bid-offer Indicator|At the end of trading, the Choice bid-offer indicator reading shows just 3 stocks ending with the bid higher than the last selling prices and 5 closing with lower offers.
Trading closed with 7,229,792 units valued at $190,325,727 changing hands compared with 2,275,042 units valued at $61,431,938 being exchanged, on Tuesday.
Trading resulted in an average of 225,931 units valued at over $5,947,679, in contrast to 81,252 shares valued at $2,193,998 on Tuesday. The average volume and value for the month to date, amounts to 265,815 valued at $3,175,481, compared to 270,542 valued at $2,810,418. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In the main market activity, Barita Investments shed 50 cents to close at $20, trading 12,416 shares, Berger Paints shed $2.95 and ended at $20, trading 3,500 stock units, Caribbean Cement climbed $1 to close at $50 in trading of 13,030 shares, Grace Kennedy lost 70 cents and ended trading 63,596 shares at $55. Jamaica Broilers traded 40,054 stock units and rose $1.32 to close at $30, Jamaica Stock Exchange gained 50 cents, in closing at $11, trading 277,496 shares, JMMB Group fell 50 cents and ended at $32.50, with an exchange of 36,416 shares, Kingston Wharves climbed $2 to $78 trading 20,100 shares, Mayberry Investments added 43 cents to settle at $10, in exchanging 26,167 units, NCB Financial Group dropped $1.99 in trading of 91,041 shares at $130.01. Palace Amusement traded just 100 units but fell $500 in closing at $1,000, PanJam Investment lost $1.20 in closing at $64.50, with an exchange of just 3,690 stock units, Pulse Investments rose 60 cents in trading 3,000 units at $3.60, Sagicor Group rose 55 cents to $39.55, trading 222,240 shares, Salada Foods gained 50 cents and settled at $21.50, trading 14,000 shares, Scotia Group traded 1,533,780 shares and declined $1.70 at $48.80 and Seprod dived $8 to end trading 4,389 shares at $27.
Trading in the US dollar market saw Proven investments as the sole stock to trade and completed trading of a mere 367 shares and rose 0.5 cents to end at 20 U$ cents.The JSE USD Equities Index rose 1.86 points to close at 162.78.

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, Palace Amusement, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

JSE main market rose again on Friday

November 9, 2018 by IC Insider.com

The Jamaica Stock Exchange main market made more gains in the indices in closing of Friday further eroding the 13,784 points lost between Monday and Wednesday.
Market activity closed with 27 active securities in the main and US dollar markets, compared to 26 on Thursday with the prices of 9 stocks falling, 9 rose and 9 remained unchanged.
The All Jamaica Composite Index rose 2,458.12 points to close at 392,478.06 and the JSE Index gained 2,239.62 points to close at 357,591.94.
Main market trading closed with NCB Financial leading with 857,402 units, or 19.3 percent of the day’s volume, Victoria Mutual Investments with 787,348 units and 17.7 percent of volume traded and Jamaica Broilers with 723,426 units with 16.3 percent of the day’s volume.
IC bid-offer Indicator|At the end of trading, the Choice bid-offer indicator reading shows just 1 stock ending with the bid higher than the last selling prices and 4 closing with lower offers.
Trading closed with 4,441,819 units valued at $191,130,108 changing hands compared with 1,665,733 units valued at over $37,959,691 being exchanged, on Thursday.
Trading resulted in an average of 177,673 units valued at over $7,645,204, in contrast to 35,241 shares valued at $1,941,745 on Thursday. The average volume and value for the month to date, amounts to 317,399 valued at $2,996,910, compared to 335,784 valued at $2,283,981. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In the main market activity, Caribbean Cement shed 75 cents to close at $42.25 in closing trading of 31,531 shares, Grace Kennedy jumped $2.90 in trading 12,730 shares to close at $56, Jamaica Producers lost $1.51 to end at $23, trading 234,083 shares, Jamaica Stock Exchange rose 45 cents to close at $10.45, with 69,004 shares traded, JMMB Group rose 89 cents and ended at $33.90, with an exchange of 37,478 shares, Mayberry Investments shed $2.50 to settle at $10.50, in exchanging 15,799 units, Mayberry Jamaica Equities traded 266,879 units but fell 30 cents to close at $10, PanJam Investment gained $1 and closed at $63, with an exchange of 4,774 stock units, Pulse Investments shed $1 trading just 100 shares at $3, Seprod lost $1 and finished trading of 34,130 shares at $38.00, Sagicor Group jumped $1 to $40, trading 33,174 shares and Supreme Ventures lost $1, ending at $16, trading 62,025 units.
Trading in the US dollar market ended with 37,210 units valued at $48,801 traded, with JMMB Group 5.75% percent preference share completed trading of 9,880 to end at $2 and JMMB Group 6% percent preference share completed trading of 27,330 and lost 2 cents to end at $1.05. The JSE USD Equities Index closed unchanged at 165.33.

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 Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Trading Activity, Wisynco Group

Another big fall for JSE on Tuesday

November 6, 2018 by IC Insider.com

The volume of stocks trading on the Jamaica Stock Exchange slipped further on Tuesday, leading to more stocks falling than rising and resulting in another fall in the market indices.
At the close of market activity, the prices of 9 securities rose, 12 declined, while 9 remained unchanged, with the All Jamaica Composite Index dropping another 3,094.77 points after falling more than 5,400 points on Monday to close at 389,172.61 and the JSE Index diving 2,819.68 points to close at 354,580.31.
Trading closed with 30 active securities in the main and US dollar markets, on Tuesday compared to 33 on Monday with 2,572,843 units valued at $35,216,901 changing hands compared with 1,665,733 units valued at over $37,959,691 being exchanged, on Monday.
Main market trading closed with Victoria Mutual Investments leading with 1,026,110 units, or 39.9 percent of the day’s volume and Wisynco Group with 1,006,114 units and 39.1 percent of volume traded.
IC bid-offer Indicator|At the end of trading, the Choice bid-offer indicator reading shows just 2 stocks ending with bids higher than the last selling prices and 7 closing with lower offers.
Trading resulted in an average of 95,290 units valued at over $1,304,330 in contrast to 57,439 shares valued at $1,308,955 on Monday. The average volume and value for the month to date amounts to 539,060 valued at $2,116,944, compared to 681,700 valued at $2,378,141. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In the main market activity, Caribbean Cement gained $1 to close at $44 in closing trading of 2,602 shares, Grace Kennedy rose 50 cents and ended trading 17,355 shares to close at $57, JMMB Group gained $1 to end at $34, trading 27,735 shares, Kingston Wharves gained 95 cents to close at $75.95 with 4,281 stock units trading, Mayberry Investments lost $1.35 to settle at $10, in exchanging 20,365 units, Mayberry Jamaica Equities traded 17,367 units but fell 75 cents to close at $10.50, NCB Financial Group climbed $1.90 and ended trading 50,470 shares to close at $127, Proven Investments traded 15,000 shares in the Jamaica market and lost $3 to close at $27, Sagicor Group dropped $2.99 to settle at $39, with 29,976 shares, Scotia Group lost 79 cents to end at $51.20, trading 93,113 units, Sterling lost $1.50 to close at $20.50 trading a mere 140 units and Sygnus Investments traded 68,100 shares after falling $1 to end at $11.
Trading in the US dollar market ended with 55,380 units valued at $16,074. At the close of the market,JMMB Group 5.75% percent preference share completed trading of 3,880 and lost 1 cents to end at $2.05, Proven Investments traded 27,500 units at 20 US cents and Sygnus Credit Investments US dollar based ordinary share, traded 24,000 units at 11 US cents. The JSE USD Equities Index closed unchanged at 163.74.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Caribbean Cement, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, 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, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Big fall for JSE on Monday

November 5, 2018 by IC Insider.com

The volume of stocks trading on the Jamaica Stock Exchange declined to very low levels on Monday, leading to more stocks falling than rising and resulting in a big drop in the market indices.
At the close of market activity, the prices of 7 securities rose, 12 declined, while 14 remained unchanged, with the All Jamaica Composite Index dropping 5,472.20 points to 392,267.38 and the JSE Index diving 4,985.79 points to close at 357,399.99. On Friday, the stock exchange released incorrect closing indices which have not been corrected for Friday’s report so far.
Trading closed with 33 active securities in the main and US dollar markets, on Monday compared to 30 on Friday with 1,665,733 units valued at over $37,959,691 changing hands compared with 2,082,014 units valued at $42,778,375 being exchanged, on Friday.
Main market trading closed with JMMB Group 7.5% preference share leading with 370,000 units, or 22 percent of the day’s volume, Carreras with 327,902 units and 19.7 percent of volume traded and Sagicor group with 163,681 units with 10 percent of the day’s volume.
IC bid-offer Indicator|At the end of trading, the Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and 7 closing with lower offers.
Trading resulted in an average of 57,439 units valued at over $1,308,955, in contrast to 77,112 shares valued at $1,584,384 on Friday. The average volume and value for the month to date amounts to 681,700 valued at $2,378,141, compared to 1,010,856 shares, valued $2,941,894. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In the main market activity, Barita Investments lost 50 cents and closed trading of 4,433 shares at $19.50, Grace Kennedy lost 50 cents and ended trading 72,236 shares to close at $56.50, Jamaica Broilers traded 14,502 stock units, at $30, after rising 29 cents, Jamaica Producers dropped $3.45 and finished trading of 7,120 units at $24.55, Jamaica Stock Exchange rose 50 cents to close at $10.50, in exchanging 51,733 shares, JMMB Group gained 50 cents to end at $33, trading 38,544 shares, Kingston Wharves lost 95 cents to close at $75 with 2,792 stock units trading, Mayberry Jamaica Equities traded 26,649 units and rose 75 cents to close at $11.25, NCB Financial Group lost $1.70 and ended trading 33,122 shares to close at $125.10. Portland JSX declined by 50 cents and ended at $8, with 450 units changing hands, Sagicor Group dropped $3.01 to settle at $41.99, with 163,681 shares, Scotia Group lost 50 cents to end at $51.99, trading 116,085 units and Stanley Motta traded 17,000 shares after falling 52 cents to end at $4.48.
Trading in the US dollar market ended with, Margaritaville rose by 1 cent and ended at 25 cents with 100 shares and Productivity Business completed trading 100 shares at 59 cents, Proven Investments traded 100 units at 20 US cents and Sygnus Credit Investments US dollar based ordinary share traded 719 units at 11 US cents. The JSE USD Equities Index rose 0.43 points at 163.82.