JSE stocks drop again on Monday

NCB gained $1 on Monday.

NCB gained $1 on Monday.

Jamaican stocks continued to record losses in continuation of the fall on Friday with the market closing on Monday with slightly more losses than gains, leading to falls in the market indices. The volume of stocks trading dropped sharply by the close of the market to 1,421,290 units valued at $14,318,294, compared to the 3,924,169 units valued at $39,797,286 changing hands on Friday.
The junior market accounted for 314,520 units valued at $1,453,100 of the total traded on Monday.
At the close of trading, the JSE Market Index sank 603.84 points to end at 158,069.49. The all Jamaica Composite Index dropped 675.29 points to close at 175,611.30 and the JSE combined index dived 516.84 points, to end at 170,018.66.
At the close, the prices of 9 securities gained out of a total of 35 that traded, with 12 declining in the overall market, including 2 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 ICI JSE sum 12-09-16Investor’s Choice bid-offer indicator reading showed 14 stocks with bids higher than their last selling prices and 7 with lower offers, suggesting continued fluidity in price movements ahead.
In market activity, Barita Investments traded 8,500 units at $3.11, investors picked up 647,500 units of Cable & Wireless between the closing price of 75 cents and 80 cents during trading but the stock remains weak at the close, with lots of selling and little buying interest. Caribbean Cement traded 1,000 shares to close with a gain of 10 cents at $25.60, Carreras traded 895 shares and gained 30 cents to close at $66, Grace Kennedy dropped 15 cents and ended at $41.30, with 144,333 shares changing hands. Jamaica Broilers had 3,169 shares changing hands, to end at $14.52. Jamaica Producers ended with a loss of 9 cents at $8.41 with 20,124 units trading, JMMB Group traded 17,612 units and lost 3 cents to $9.85. ICI JSE fn qt 12-09-16Kingston Wharves fell 40 cents in trading 16,529 shares to close at $17, National Commercial Bank had 8,540 units changing hands to close with a gain of $1 at $40, Pan Jamaican Investments rose 50 cents and closed at $24.50 after trading 38,157 shares. Radio Jamaica rose 2 cents to close at $1.42 after 5,736 shares that changed hands, Sagicor Group traded 7,000 shares while rising 9 cents to close at $22.50, Sagicor Real Estate Fund traded 30,700 shares to close at $10.20, Scotia Group climbed 95 cents to close at $30 with 66,000 shares changing hands. Scotia Investments dropped 45 cents with 58,572 units changing hands at $25.50, Sterling Investments traded 5,000 units but fell 15 cents to $14, Supreme Ventures had 17,844 units changing hands at $4.76 and Proven Investments traded 5,201 units to close at 19.87 US cents.

17 JSE stocks drop on Friday

Scotia Group dropped $1.95& helped to pull the market index down on Friday

Scotia Group dropped $1.95& helped to pull the market index down on Friday

Jamaican stocks suffered reversal from the gains on Thursday to end Friday with much more losses than gains. On Friday with falling prices outnumbered advancing stocks more than 2 to 1 leading to big falls in the market indices.
At the close of trading, the JSE Market Index sank 1,160.22 points to end at 158,673.33. The all Jamaica Composite Index dropped 1297.53 points to close at 176,286.59 and the JSE combined index dived 1,308.51 points, to end at 170,535.50.
The volume of stocks trading dropped sharply on Friday, with 3,924,169 units valued at $39,797,286, compared to the 6,839,351 units valued at just $23,033,975 changing hands on Thursday. Cable & Wireless dominated trading volume on Thursday with 3.9 million units but traded less than 400,000 shares on Friday.
The junior market accounted for 844,487 units valued at $5,439,011 of the total traded on Friday.
ICI JSE sum 9-09-16At the close of the market prices of just 7 securities gained out of a total of 33 that traded, with 17 declining in the overall market, including 5 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 showed 13 stocks with bids higher than their last selling prices and 6 with lower offers, suggesting continued fluidity in price movements ahead.
In market activity, Berger Paints traded 27,267 shares to end at $5, investors slashed the price of Cable & Wireless by 20 percent, taking it down by 19 cents with 356,419 shares changing hands, to close at 75 cents, the stock remains weak at the close, with lots of selling and little buying interest. Caribbean Cement traded 25,874 shares to close at $25.50, Carreras traded 1,690 shares and fell 77 cents to close at $65.70, The price of 1834 Investments dropped 15 cents in trading at 518,765 shares to end at $1.10, Grace Kennedy dropped $1.54 and ended at $41.45, with 67,952 shares changing hands. Jamaica Broilers had 126,487 shares changing hands, to end with a loss of 8 cents at $14.52. Jamaica Producers ICI JSE fn qt 9-09-16ended at $8.50 with 229,519 units trading, JMMB Group traded 275,597 units and lost 7 cents to $9.88. Kingston Wharves rose $1.30 in trading 9,998 shares to close at $17.40, Mayberry Investments ended with 509,928 shares trading to close at $3.50, National Commercial Bank had 37,402 units changing hands to close with a loss of $1 at $39, Pan Jamaican Investments fell 30 cents and closed at $24 after trading 2,705 shares. Radio Jamaica fell 8 cents to close at $1.40 after 42,764 shares changed hands, Sagicor Group traded 82,050 shares while easing 9 cents off the old price to close at $22.41, Sagicor Real Estate Fund traded 30,540 shares to close at $10.20, Scotia Group dropped $1.95 to close at $29.05 with 549,708 shares changing hands. Scotia Investments had 13,579 units changing hands at $26, Seprod traded 5,400 units but fell $1 to $19.50, Supreme Ventures had 161,905 units changing hands and rose 1 cent to $4.76 and Proven Investments traded 4,133 units to close at 19.87 US cents.

19 JSE stocks rise on Thursday

Palace closed at a new high of $170 on Thursday.

Palace closed at a new high of $170 on Thursday.

Jamaican stocks had a good in trading on Thursday with rising prices out numbering declining stocks 2 to 1 leading to strong gains in the market indices. The value of stocks trading dropped sharply by the close of the market with 6,839,351 units valued at just $23,033,975, compared to the 5,711,945 units valued at $60,243,332 changing hands on Wednesday.
The junior market accounted for 1,832,518 units valued at $9,192,820 of the total traded on Thursday.
At the close of trading, the JSE Market Index climbed 527.63 points to end at 159,833.55. The all Jamaica Composite Index rose 590.07 points to close at 177,584.12 and the JSE combined index jumped 1,217.16 points, to end at 171,844.01.
ICI JSE sum 8-09-16rAt the close of the market prices of 19 securities gained out of a total of 39 that traded, with 8 declining in the overall market, including 12 stocks rising and 3 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 showed 13 stocks with bids higher than their last selling prices and 6 with lower offers, suggesting continued fluidity in price movements ahead.
In market activity, Cable & Wireless dominated trading with 3,903,944 shares changing hands and closed with a loss of 5 cents at 94 cents, Carreras traded 10,987 shares and gained 3 cents to close at $66.47, Grace Kennedy ended at $42.99, with 5,640 shares changing hands. Jamaica Broilers had 4,580 shares changing hands, to end with a gain of 5 cents at $14.60. Jamaica Producers ended at $8.50 with 450 units trading, Jamaica Stock Exchange lost 60 cents with 80,279 units changing hands, to end at $27.40 after trading as high as $28.50. ICI JSE fn qt 8-09-16JMMB Group traded 19,900 units and rose by 5 cents to $9.95. Kingston Wharves dropped $1.45 in trading 5,261 shares to close at $16.10, Mayberry Investments gained 20 cents ended with 3,570 shares trading to close at $3.50, National Commercial Bank had 15,840 units changing hands to close at $40, Palace Amusement traded 500 units and rose $5 to end at a 52 weeks’ high of $170. Pan Jamaican Investments fell 19 cents and closed at $24.30 after trading 2,950 shares, Portland JSX traded 27,200 units at $11, Sagicor Group traded 1,820 shares while rising 30 cents to close at $22.50, Scotia Group gained 50 cents to close at $31 with 22,700 shares changing hands. Supreme Ventures had 879,445 units changing hands and fell 9 cents to $4.75 and Proven Investments traded 20,849 units to close at 19.87 US cents after slipping 0.13 cent.

14 JSE’s stocks rise 7 fall – Wednesday

 NCB traded as low as $36.10 on Wednesday but ended back at $40..

NCB traded as low as $36.10 on Wednesday but ended back at $40..

Jamaican stocks again saw more prices rising than falling but the market indices incurred losses nevertheless at the end of trading on Wednesday. Unlike the previous two days with extremely low volumes trading levels climbed sharply by the close of the market with 5,711,945 units valued at $60,243,332, well up from the 2,652,003 units valued at $16,996,985 changing hands on Tuesday’s with, the junior market accounting for 1,483,909 units valued at $6,870,963.
At the close of trading, the JSE Market Index dropped 849.63 points to end at 159,305.92. The all Jamaica Composite Index dived 950.18 points to close at 176,994.05 and the JSE combined index sank 833.28 points, to end at 170,626.85.
At the close of the market prices of 14 securities gained out of a total of 36 that traded, with 7 declining in the overall market, including 7 stocks rising and 4 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, ICI JSE sum 7-09-16rthe Investor’s Choice bid-offer indicator reading showed 13 stocks with bids higher than their last selling prices and 6 with lower offers, suggesting continued fluidity in price movements ahead.
In market activity, Berger Paints traded 10,741 shares at $5, Cable & Wireless traded 822,600 shares and closed with a loss of 1 cent at 99 cents, Carreras traded 1,570 shares to close at $66.44. Trading in in shares of 1834 Investments resulted in 197,265 units changing hands to end at $1.25, Grace Kennedy jumped 99 cents to end at $42.99, with 23,328 shares changing hands, Jamaica Broilers had 13,650 shares changing hands, to end with a fall of 5 cents at $14.55. Jamaica Producers ended at $8.50 with 300,150 units trading, Jamaica Stock Exchange gained 18 cents with 160,144 units changing hands, to end at a 52 weeks’ closing high of $28 as investors continue to react positively to the announcement of a likely stock splitJMMB Group traded 1,009,454 units at $9.90.ICI JSE r fn qt 7-09-16 Margaritaville Turks traded 6,540 shares to close at 21 US cents, Mayberry Investments ended with 502,200 shares trading to close at $3.30, National Commercial Bank had 531,488 units changing hands to close at $40, the stock traded as low as $36.10 during the day but with small volumes. Pan Jamaican Investments fell 1 cent and closed at $24.99 after trading 11,495 shares, Sagicor Real Estate Fund traded 35,080 shares to close at $10.20, Scotia Group added 40 cents to close at $30.50 with 7,320 shares changing hands. Scotia Investments had 2,064 units changing hands at $26, Proven Investments traded 389,000 units to close at 19.90 US cents after rising 0.90 cent and JMMB Group 7.50% rose 2 cents in trading 193,871 units at $1.10. [Read more…]

JSE stocks rise – Monday

Sterling Investments closed at a new high on Monday

Sterling Investments closed at a new high on Monday


Price movement on the Jamaica Stock Exchange mostly rose on Monday pulling the market indices along with it. Trading levels fell sharply with just 2,234,793 units valued at $29,276,443 well off from the 7,432,213 units valued at $206,556,569 changing hands on Friday’s. The junior market accounted for 1,236,624 units valued at $8,459,914 on Monday. 
At the close of trading, the JSE Market Index rose 127.23 points to end at 159,924.19. The all Jamaica Composite Index gained by 142.29 points to close at 177,685.49 and the JSE combined index climbed 305.41 points, to end at 170,863.78.
At the close of the market prices of 15 securities gained out of a total of 36 that traded, with 9 declining in the overall market, including 8 stocks rising and 1 falling, in the junior market.
ICI JSE sum 5-09-16IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 10 stocks with bids higher than their last selling prices and 7 with lower offers, suggesting continued fluidity in price movements ahead.
In market activity, Cable & Wireless traded 179,535 shares and closed 3 cents down to $1, Caribbean Cement traded 1,500 shares but fell back 99 cents to close at $25.50, Carreras traded 1,593 shares and jumped by $1.99 to close at $66.50. Grace Kennedy dropped 60 cents to end at $43, with 17,684 shares changing hands. Jamaica Broilers had 40,850 shares changing hands, to end with a fall of 38 cents at $14.52. Jamaica Producers ended at $8.40 with 19,850 units trading, Jamaica Stock Exchange closed with 87,620 units changing hands to close at $27.40, after trading at new all-time high during the morning session at $28. Investors have been reacting positively to the announcement of a meeting later in September to consider a stock split and driving the ICI JSE fn qt 5-09-16JSE stock up from $21.50 before the announcement. JMMB Group fell 10 cents in trading 2,896 units at $9.90.
Kingston Wharves traded 66,886 shares, to close at $17.50, Margaritaville Turks traded 348,738 shares to close at 21 US cents, after trading earlier at an intraday high of 23.95 US cents, Mayberry Investments ended with 28,812 shares trading, to close with a gain of 2 cents at $3.30.
National Commercial Bank
had 14,983 units changing hands and gained 50 cents to close at $40.50, Pan Jamaican Investments dipped 50 cents and closed at $24, after trading 6,975 shares, Sagicor Group rose 39 cents with 8,426 shares changing hands at $22.40, Scotia Group dropped $1.69 to close at $29.70 with 9,201 shares changing hands. Scotia Investments had 10,826 units changing hands at $26, Seprod climbed $1, in trading 88,000 units to close at $20.50, Sterling Investments closed at a new high of $14.15 while trading 4,000 shares, with a rise of $1.15, Supreme Ventures ended with 4,000 units changing hands at $4.81 and Proven Investments gained 1 US cent, to close at 19.90 US cents.

JSE majors gain on Tuesday

Jamaica Producers traded on Tuesday at a 52 weeks' high.

Jamaica Producers traded on Tuesday at a 52 weeks’ high.

The volumes and value of stocks trading on the Jamaica Stock Exchange picked up a bit on Tuesday with 2,216,578 units valued at $27,344,934, up from $11,106,967, changing hands on Monday. Of the stocks trading in all market segments, the junior market accounted for 290,234 units valued at $1,466,535 as the main market recorded gains in the main indices.
At the close of trading, the JSE Market Index climbed 431.74 points to end at 159,629.66. The all Jamaica Composite Index rose 386.06 points to close at 177,356.10 and the JSE combined index moved up 285.62 points, to end at 170,646.34 as the junior market gained strongly, thus negating some of the main market fall.
At the close of the market prices of 14 securities gained out of a total of 34 that traded, with 11 declining in the overall market, including 5 stocks rising and 2 falling, in the junior market.
JSE Sum 30-08-16 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 13 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Cable & Wireless traded 169,776 shares and closed 5 cents higher at $1.05, Caribbean Cement traded 5,300 shares and dropped 79 cents to close at $25.60, Carreras traded 37,115 shares but fell 45 cents to close at $66, Grace Kennedy gained 70 cents to end at $43.70, with 208,375 shares changing hands. Jamaica Broilers had 65,226 shares changing hands, to end with a gain of 8 cents at $14.60. Jamaica Producers gained 39 cents to end at a 52 weeks’ high of $8.80 with 195,440 units trading, Jamaica Stock Exchange ended with 7,125 units changing hands to close with a gain of 25 cents at $21.50, JSE fn qts 30-08-16JMMB Group traded 47,021 units at $10. Mayberry Investments ended with 60,659 shares trading to close at $3.28 for a loss of 42 cents, National Commercial Bank had 60,268 units changing hands at $1 higher to close at $41. Pan Jamaican Investments dropped 70 cents to close at $23.10 after trading 5,000 shares, Radio Jamaica fell 5 cents in trading 109,415 shares, to end at $1.55, Sagicor Group had 98,646 shares changing hands, at $22, Sagicor Real Estate Fund traded 175,282 shares to close at $10. Scotia Group lost 15 cents to close at $30 with 73,790 shares changing hands, Scotia Investments had 4,056 units changing hands at $26 and Jamaica Money Market Brokers 7.50% preference share traded 487,033 units to close at $2.10.

JSE majors slipped on Monday

Kingston Wharves traded at a new high of $17.01 on Monday.

Kingston Wharves traded at a new high of $17.01 on Monday.

The volumes and value of stocks trading on the Jamaica Stock Exchange picked up a bit on Monday with 1,135,262 units valued at $11,106,967, down from $33,610,338, changing hands on Friday. Of the stocks trading in all market segments, the junior market accounted for 432,202 units valued at $2,568,857.
At the close of trading, the JSE Market Index declined by 65.76 points to end at 159,243.60. The all Jamaica Composite Index lost 73.54 points to close at 176,924.36 and the JSE combined index fell 331.28 points, to end at 170,360.72 as the junior market gained strongly, thus negating some of the main market fall.
At the close of the market prices of 10 securities gained out of a total of 34 that traded, with 14 declining in JSE Sum 29-08-16rthe overall market, including 4 stocks rising and 8 falling, in the junior market. Kingston Wharves closed trading at a 52 weeks’ high with 3,000 shares, to gain 1 cent to end at $17.01.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 13 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Berger Paints closed with a loss of 25 cents to trade at $5 with 900 units changing hands, Cable & Wireless traded 290,076 shares and closed 1 cent lower at $1, Caribbean Cement traded 39,257 shares and gained 18 cents to close at $26.39, Grace Kennedy lost 50 cents to end at $43, with 14,672 shares changing hands. JSE fn qts 29-08-16Jamaica Broilers had 183,000 shares changing hands, to end with a loss of 8 cents at $14.52. Jamaica Producers gained 6 cents to end at $8.41 with 21,200 units trading, Jamaica Stock Exchange ended with 3,400 units changing hands to close at $21.25, JMMB Group traded 26,082 units at $10. National Commercial Bank had 7,348 units changing hands to close at $40. Pan Jamaican Investments dropped $1.19 to close at $23.80 after trading 6,687 shares, Radio Jamaica gained 4 cents in trading 3,000 shares, to end at $1.60, Sagicor Group had 20,255 shares changing hands, at $22, Sagicor Real Estate Fund traded 13,817 shares to close at $10. Scotia Group gained 65 cents to close at $30.15 with 16,200 shares changing hands, Scotia Investments had 4,188 units changing hands at $26 for a rise of 50 cents and Proven Investments traded 43,250 ordinary shares at 20 US cents.

JSE majors in big recovery on Friday

Exchange place The volumes and value of stocks trading on the Jamaica Stock Exchange picked up a bit on Friday with 1,918,263 units valued at $33,610,338, up from $15,554,439, changing hands on Thursday. Of the stocks trading in all market segments, the junior market accounted for 509,115 units, valued at $9,086,931.
At the close of trading, the JSE Market Index had a sizable gain of 2,004.55 points to end at 159,309.36. The all Jamaica Composite Index jumped 2,241.78 points to close at 176,997.90 and the JSE combined index climbed 1,666.47 points, to end at 170,692.00 as the junior market gained strongly, thus negating some of the main market fall.
At the close of the market prices of 26 securities gained out of a total of 41 that traded, with 10 declining in the overall market, including 10 stocks rising and 2 falling, in the junior market. Three junior market stocks and main market, Kingston Wharves to close trading at 52 weeks’ highs with Kingston Wharves closed with 2,707 shares and gained 81 cents to end at $17.
JSE Sum 26-08-16 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 13 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Berger Paint closed with a gain of 25 cents to trade at $5.25 with 6,400 units changing hands, Cable & Wireless traded 160,508 shares and closed unchanged at $1.01, Caribbean Cement traded 10,500 shares and gained 1 cent to close at $26.21, Carreras gained 45 cents, while trading 8,730 shares to end at $66.45. Trading in 1834 Investments resulted in 82,623 shares changing hands, with a gain of 3 cents to end at $1.29, Grace Kennedy added 10 cents to end at $43.50 with 143,736 shares changing hands, Jamaica Broilers had 352,955 shares changing hands, to end with a loss of 5 cents at $14.60. Jamaica Producers fell 15 cents to end at $8.35 with 25,000 units trading, Jamaica Stock Exchange lost 25 cents with 1,000 units changing hands to close at $21.25,JSE Sum 26-08-16r National Commercial Bank had 4,505 units changing hands to close at $40. Pan Jamaican Investments gained 39 cents to close at $24.99, after trading only 3,505 shares, Radio Jamaica lost 14 cents in trading 4,218 shares, to end at $1.56, Sagicor Group jumped $1 while 377,750 shares changed hands, at $22, Sagicor Real Estate Fund traded 500 shares and gained 20 cents, to close at $10. Scotia Group gained 42 cents to close at $29.50 with 4,972 shares changing hands, Scotia Investments had 36,320 units changing hands at $25.50 for a rise of 50 cents, Seprod traded 13,078 shares and gained 50 cents to close at $20, Proven Investments traded 48,695 ordinary shares at 20 US cents and Jamaica Money Market Brokers 7.50% preference share traded 97,000 units to close at $2.10.

Big losses for JSE indices on Tuesday

Scotiabank fell $1.44 on Tuesday

Scotiabank fell $1.44 on Tuesday

The volumes and value of stocks trading on the Jamaica Stock Exchange remained moderate on Tuesday but the major market indices fell sharply even as advancing stocks edged out declining ones. At the close, the JSE Market Index suffered a big dived of 2,967.81 points to end at 158,472.89 the all Jamaica Composite Index dropped sharply by 3,319.03 points to close at 176,062.43 and the JSE combined index had a steep fall of 2,986.42 points, to end at 169,924.06.
At the close of the market prices of 16 securities gained out of a total of 40 securities that traded, with 15 declining in the overall market, including 9 stocks, rising and 6 falling in the junior market.
Trading closed with 6,761,304 units valued at $43,160,974 changing hands, in all market segments. The junior market accounted for 2,549,505 units, valued at $12,665,912 of all trades.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the JSE Sum 23-08-16Investor’s Choice bid-offer indicator reading showed 9 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Cable & Wireless traded 777,339 shares and closed at $1.04 after falling by 6 cents, Caribbean Cement traded 157,722 shares and fell 22 cents to close at $26.68, Carreras rose 5 cents, while trading just 8,190 shares to end at $66.50. The price of 1834 Investments rose 1 cent to close at $1.31, in trading 109,046 shares, Grace Kennedy lost 90 cents in ending at $43.50 with 89,591 shares changing hands, Jamaica Broilers had 170,189 shares changing hands, to end at $14.60, Jamaica Producers gained 9 cents to close at $8.41 with 29,234 units trading. Jamaica Stock Exchange had 9,600 units changing hands to close at $21.50, JMMB Group traded 33,575 units to end with a gain of 30 cents at $9.80, Kingston Wharves traded 11,680 shares to close at $16.20, National Commercial Bank had 53,745 units changing hands and fell 50 cents to close at $40.50. Pan Jamaican Investments gained 15 cents to close at $25.15, after trading 19,524 shares, Portland JSX traded 303,134 shares and rose 9 cents, to end at $11.49, JSE fn qts 23-08-16Radio Jamaica traded 24,344 shares, to end at $1.55, Sagicor Group closed with a gain of 30 cents while 71,066 shares changed hands, at $21.80. Sagicor Real Estate Fund traded 1,470 shares and fell 20 cents, to close at $10, Scotia Group lost $1.44 while trading 87,422 shares, to end at $30.06, Scotia Investments closed trading with 37,500 shares at $26. Supreme Ventures lost 9 cents while 191,370 shares changing hands at $4.90, Proven Investments ordinary share, traded 48,300 units at 19.94 US cents compared to 19 US cents on Monday, JMMB Group 7.50%% preference share traded 94,115 units but fell 6 cents to $1.02 and Jamaica Money Market Brokers 7.50% preference share traded 1,874,000 units and ended at $2.10.

Large $3B trades for JSE on Friday

VM Wealth were the lead broker on Friday.

VM Wealth were the lead broker on Friday.

Trading on the Jamaica Stock Exchange surged on Friday to more than $3 billion with stockbroker, Victoria Mutual Wealth Management involved in several high volume crosses on Friday, mainly in the morning session. The trades by the brokerage house accounted for the bulk of the stocks that traded on Friday. The heavy trading did not help the Jamaica Stock Exchange market indices, with losses recorded for the three major ones.
At the close of the market prices of 16 securities gained out of a total of 45 securities that traded, with 15 declining in the overall market, including 9 stocks, rising and 6 falling in the junior market.
Trading closed with 210,179,795 units valued at $3,020,175,411 changing hands, in all market segments. The junior market accounted for 35,774,696 units, valued at $989,215,841 of all trades. Today’s trading in equivalent to approximately one month’s trading on the Jamaica Stock Exchange and will therefore Boost the stock exchange’s income for the September quarter.
The JSE Market Index declined by 178.20 points to end at 162,382.57, the all Jamaica Composite Index fell 199.29 points to close at 180,434.80 and the JSE combined index slipped 57.67 points, to end at 173,709.89.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 9 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Berger Paints traded 434,736 shares to end at $5, Cable & Wireless traded 37,248,887 shares and closed at $1.10, Caribbean Cement climbed 90 cents in trading 2,944,476 shares to close at $26.90, Carreras rose 1 cent, while trading 874,902 shares to end at $66.02. JSE Sum 19-08-16The price of 1834 Investments declined by 1 cent to close at $1.29, in trading 1,111,097 shares, Grace Kennedy ended at $45 with 6,820,320 shares changing hands, Jamaica Broilers fell 2 cents with 4,558,519 shares changing hands, to end at $14.98, Jamaica Producers rose 25 cents to close at $8.50 with 8,387,030 units trading. Jamaica Stock Exchange had 74,900 units changing hands to close at $21.50, to record a loss of $2.50, JMMB Group traded 9,784,841 units to end with a loss of 2 cents at $9.84. Kingston Properties gained 11 cents in trading 537,135 units to close at $9.11, Mayberry Investments gained 13 cents with 1,341,876 shares trading, to close at $3.95, National Commercial Bank had 10,312,619 units changing hands, to close at $41. Pan Jamaican Investments shed 1 cent to close at $24.99 after trading 1,505,043 shares, Portland JSX traded 10,455,000 shares and fell 2 cents to end at $11.48, Radio Jamaica lost 11 cents in trading 57,805,532 shares to end at $1.55, JSE fn qts 19-08-16Sagicor Group closed with 6,674,410 shares changing hands at $21. Sagicor Real Estate Fund traded 398,371 shares and fell 13 cents, to close at $10.12, Salada Foods traded 598,045 units and declined by 1 cent, to end at $8.19, Scotia Group rose $1.70 while trading 8,639,508 shares, to end at $31.70, Scotia Investments with 1,026,990 shares traded closed at $26. Seprod gained 1 cent, to close at $19.01 with 23,904 shares changing hands, Sterling Investments had 2,673,905 units trading to end at $13, Proven Investments ordinary share traded 69,200 units at 19.95 US cents, down by a fraction of a US cent and Jamaica Public Service 9.5% preference share with 99,931 units trading to close at $1,247.