JSE major drops 1,553 points – Friday

Trading on the Jamaica Stock Exchange main market ended on Friday with the JSE All Jamaican Composite Index dropping 1,552.80 points to 321,052.97 and the JSE Index shedding 1,414.78 points to 292,515.54.
At the close, 23 securities traded, compared to 27 on Thursday and ended with the prices of 10 stocks rising, 6 falling and 7 trading firm, in the main and US dollar markets.
At the close of trading only two stocks closed with sizable changes, with Kingston Wharves falling 99 cents to close at $40 and Scotia Group losing $1.85 to end at $50.15.
Main market activity ended with 8,083,593 units valued at $186,825,752 compared to 4,713,225 units valued at $80,181,699 on Thursday. At the close of trading, Kingston Wharves closed trading with 3,363,504 units accounting for 41.61 percent of trading followed by Jamaica Producers with 2,014,107 units or 24.92 of the day’s volume and Ciboney with 1,258,000 units or 15.56 percent of stocks traded.
Trading resulted in an average of 384,933 shares valued at $8,896,464, for each security traded, compared to 181,278 shares valued at $3,083,912 on Thursday. The average for the month to date is 1,111,701 shares with a value of $5,320,039 and previously 1,175,559 shares with a value of $4,965,770. In contrast, March closed with an average of 626,526 units with an average value at $20,492,207 for each security traded.
The US dollar market closed on Friday with Productivity Business finished trading at 56 US cents after falling 1.23 cents with 500 shares and Proven Investments closed trading with 25,000 units valued at $5,280 and closed at 20 US cents. Trading ended with a fall of 1.13 points of the market index to 162.84.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 5 with a lower offers.
For more details of market activities see – Trading jumps on JSE main market – Friday.
Daily Trading, Jamaican Stocks, Jamaica Stock Exchange,Trading Activity, Emerging markets, Proven Investments, , Ciboney, Jamaica Broilers, Grace Kennedy, Scotia Group,

Big surge in JSE Main market – Wednesday

The Main Market of the Jamaica Stock Exchange ended January with strong gains in the market indices, with JSE All Jamaican Composite Index jumping 2,844.76 points to 315,947.37 and the JSE Index climbing 2,591.90 points to 287,863.79, marginally down for the year to date.
Main and US market activities ended with 9 stocks rising, 10 declining and 10 trading firm as 29 securities traded, versus 31 on Wednesday, including 2 from the US market.
Main market activity surged to 17,559,021 shares valued at $97,721,084 with just two stocks accounting for 88 percent of the volume. In contrast with 4,096,473 shares valued at $78,829,626 traded on Wednesday.
The US market traded 9,262 units with a value of US$29,441 with the JSE US Equities Index declining 2.23 points to end at 172.09 for a 3.6 percent rise from the 2017 close. Trading in this market ended with Productivity Business closing at 55 US cents with 25,294 shares and Proven Investments trading 68,968 ordinary shares, to close with a loss of 0.5 cents at 22.5 US cents.
Market activity ended with an average of 650,334 shares valued at $3,619,299, in contrast to 146,303 shares valued at $2,815,344 on Tuesday. The average volume and value for the month to date amounts to 239,900 units valued at $5,158,193 and previously 220,146 units valued at $5,239,823. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and 2 with a lower offer.
Major price changes at the close of the market are, Caribbean Cement gained $1.50 and JMMB Group climbed $1. The volume traded was dominated by Cable & Wireless with an exchange of 11,351,768 shares and Wisynco Group trading 4,146,449 units.

For more details of market activities see – C&W and Wisynco in big trades on JSE .

Banks push JSE to new high – Friday

Stocks surged higher, at the close of trading on the main market of the Jamaica Stock Exchange on Friday with the market ending at record closing levels as JMMB Group NCB Financial and Scotia Group record strong gains, pushing the JSE All Jamaican Composite Index to a record close of 300,363.16.
Trading on the main market ended with 22 securities changing hands, 7 advanced, 6 declined and 11 traded firm with 4,504,312 units valued at $68,391,852 compared to 94,545,441 units valued at $1,119,081,050 on Thursday. In the US dollar market 425,898 units traded for a value of US$102,239 for two securities.
In market activity, volumes are those trades for the day and the closing prices are those at which the last trade took place. At the close on market activity, Barita Investments ended trading with a loss of $1 at $8, with 40,452 stock units trading, Cable & Wireless finished at $1.10, with 42,361 units, Caribbean Cement settled 54 cents higher at $26.55, with 3,000 shares, Carreras closed at $12, after 462,635 stock units changed hands, Grace Kennedy closed with a loss of 5 cents at $42.75, with 12,005 shares. Jamaica Broilers ended with a loss of 5 cents at $17.95, with 1,858 units, Jamaica Producers ended trading at $16, with 2,278 stock units, Jamaica Stock Exchange concluded trading $1.20 higher at $7.20, with 1,064,940 shares switching owners, JMMB Group finished $3 higher at $26, after trading 21,667 units, Mayberry Investments ended trading with a loss of 40 cents at $4.10, with 15,378 shares. PanJam Investment ended with a loss of $3.48 to $38.52, with 9,732 units, Portland JSX ended trading after falling 50 cents to an all-time low of $8.50, with 50,000 stock units after the company reported a loss for the six months to August of US$221,251. Radio Jamaica settled at $1.15, trading 10,100 shares, Sagicor Group traded with a loss of $1.49 cents at $38.51, with 7,700 units changing hands, Sagicor Real Estate Fund finished trading 4 cents higher at $13.25, with 19,700 stock units, after it traded at an all-time high of $15. Salada Foods closed at $8.50, with 350,000 shares, Scotia Group ended $3.08 higher at $50.98, with 414,399 stock units, Seprod traded 339 units at $30 and Supreme Ventures finished 37 cents higher at $11.85, with 130,790 shares.
In the main market preference segment, Jamaica Money Market Brokers 7.5%, ended trading 700,000 shares at $2 and JMMB Group 7.5% ended 1 cent higher at $1.15, with 870,000 stock units changing hands.
In the US dollar market segment, Productivity Business traded 5,898 shares at 57.5 US cents and Proven Investments closed with 420,000 units trading at 23.5 US cents.