NCB Financial surged to record high of $110 on Monday but failed to hold at this level, and closed with a fall of $4 from Friday’s close, while trading 66,239 units.
Gains in 7 securities in addition to an increase in the average price of NCB pushed the market to another record close with an increase of 1,123.42 points for the All Jamaican Composite Index, to a new record close of 315,113.96 and the JSE Index ending at a new closing high with a rise of 1,023.56 points to 287,104.45.
Trading in the main and US dollar markets ended with 22 securities changing hands, of which 7 advanced, 8 declined and 7 traded firm.
In market activity, Berger Paints rose $1.03 to $15.03, trading 88,561 shares, Cable & Wireless ended trading with a loss of 3 cents at $1.07, with 149,565 stock units, Caribbean Cement traded $1 higher at $28.10, with 354,168 stock units, Carreras finished with a loss of 1 cent at $11.49, with 173,526 stock units, Grace Kennedy closed at $42.80, with 16,111 shares. Jamaica Broilers lost 46 cents to end trading at $18.49, with 77,769 stock units, Jamaica Producers settled at $16, trading 10,675 units, Jamaica Stock Exchange ended with a loss of 30 cents at $6.70, with 75,914 stock units, JMMB Group settled at $27.50, with 75,887 shares, 
Kingston Wharves concluded trading at $31.50, with a mere 295 shares. Mayberry Investments ended 50 cents higher at $4.60, with just 300 units, 1834 Investments closed 5 cents higher at $1.40, with 84,295 shares, PanJam Investment climbed $2.49 higher to $41.99, with 28,445 stock units, Pulse Investments added 20 cents to close at $2, with 316,977 shares, Radio Jamaica traded 333,324 units at $1.15. Sagicor Group ended with a loss of 50 cents at $39, after 26,730 units changed hands, Sagicor Real Estate Fund concluded trading with a loss of $1 at $14, with 1,695 units being exchanged, Scotia Group jumped $1.42 to $50.50, with 56,422 shares, Seprod traded at $30, with 4,420 stock units and Supreme Ventures concluded trading at $11.90, with 115,550 shares. In the main market bond market NCB US 6% bond traded 19,000 units at J$131.02 after falling by 20 cents and In the US dollar market segment Proven Investments closed with 2,300 units trading at 23.5 US cents.
NCB jumps TOP 10
NCB Financial Group closed at a record $107 on Friday.
NCB Financial returned to the main market list last week, but with a jump of $16 to $107 during the week, it ii no longer in the top list.
Barita Investments traded up to $9 and is now out of the listing. Pulse Investments and Seprod replaced NCB and Barita as the main market of the Jamaica Stock Exchange closed at new record high on Friday, the third consecutive week of record close, driving the All Jamaica Composite Index 313,990.54.
While the main market is making new highs, with gains of 49 percent for 2017, the junior market with gains of just 12 percent at the end of the previous week is now up 17 percent as the market moved higher for the past week helped by strong results by Paramount Trading, Express Catering and increased buying of Stationery and Office Supplies that pushed the price to $5.50 to sit at 10th spot and could well be off the list by the end of the coming week.
The Junior Market list had no movement in or out in the past week. Trading in Berger Paints shares recommenced on Tuesday, after just 6.6 million units were sold by investors in response to the buyout offer by Ansa Coatings at $10.88 per share with the price closing at $14 on Friday and seemingly poised to rise further during the coming week as investors attempted to trade it at $17 which was outside the daily price limit of 30 percent above the last price. The stock has much room to climb, with the March 2018 full year’s earnings that should hit $2.30 per share.
The main market blast well clear of resistance around 300,000 points on the all Jamaica Index and heading much higher to the next major resistance at the 360,000 points range.
At the close of Friday, the average PE ratio for the Junior Market Top stocks is at 8.1 and a PE at 7.5 for the main market TOP 10. The average PE for the overall main market trades at 13.9 and 13.8 for Junior Market, based on 2017 estimated earnings.
At the close of the week, IC Insider.com’s TOP 10 stocks now trade at an average discount of 41 percent to the average of the market for Junior Market Top stocks and 45 percent for the main market.
Market Watch| Investors should keep a keen eye for NCB, Berger, Jamaica Broiler, General Accident, Paramount Trading and Stationery and Office.
Moderate trading hits JSE majors
Trading on the main market of the Jamaica Stock Exchange was moderate on Thursday with 3,438,708 units, valued at just $30,094,508 changing hands but with the market closing at new record high.
Trading in the US dollar market saw 4 securities changing hands, resulting in 21,938 units valued at US$8,171 trading. A total of 26 securities changing hands in the main market with 9 advancing, 8 declining and 9 traded firm, leading the JSE All Jamaican Composite Index to jump 1,630.32 points to a record close of 305,961.60 and the JSE Index to gain 1,485.40 points to end at a record 278,765.62.
In the main activity, Barita Investments closed $1 higher at $9, with 29,895 shares trading, Berger Paints settled 90 cents higher at $12.50, with 3,308 shares, Cable & Wireless ended trading with a rise of 2 cents to $1.20, with 2,136,104 shares changing hands, 
Caribbean Cement ended 50 cents higher at $28, with 20,303 units, Carreras finished with a loss of 30 cents at $11.20, with 244,222 stock units trading, Grace Kennedy closed at $42.50, with 119,832 shares. Jamaica Broilers traded with a loss of 49 cents at $18.01, with 11,966 shares, Jamaica Producers closed at $16, with 10,229 units, Jamaica Stock Exchange finished trading with a loss of 20 cents at $7, after trading 1,000 shares, JMMB Group concluded trading 60 cents higher at $27.60, with 29,975 units, Kingston Wharves ended at $30, with 31,537 shares changing hands. Mayberry Investments finished at $4.21, trading 168,816 units, NCB Financial climbed by $1.50 to $94.50 while trading 13,287 units, 1834 Investments ended at $1.35, trading 2,500 units, PanJam Investment ended trading $2.40 higher at $41, with a mere 355 stock units, Portland JSX concluded trading at $9, with 4,500 shares. Radio Jamaica finished trading with a loss of 5 cents at $1.10, with 37,922 shares, 
Sagicor Group concluded trading with a loss of 50 cents at $38, with 18,876 stock units, Sagicor Real Estate Fund concluded trading 1 cent higher at $14.01, with 210,174 units, Salada Foods gained $1.50 t0 $10, with 1,000 stock units, Scotia Group finished trading with a loss of $3 to end at $50, with 203,381 shares. Seprod finished trading at $30, with 1,674 units and Supreme Ventures concluded trading with a loss of 50 cents at $11.50, with 14,502 units. In the main market preference segment, Jamaica Money Market Brokers 7.5% finished trading with a loss of 10 cents at $1.90, with 60,150 stock units, JMMB Group 6% preference share lost 4 cents to close at $1.10, with 63,000 shares. In the US dollar market segment, JMMB Group 6% preference share closed at US$1.11, with 2,230 shares Productivity Business traded 2,910 shares at 60 US cents and Proven Investments closed with 16,424 units trading at 23.5 US cents.
Prices of securities trading for the day are those at which the last trade took place.
JSE eating away at resistance
The JSE All Jamaican Composite Index continues to eat away at resistance around the 300,000 points levels, advancing by 2,135.19 points to close at 302,498.35 with the JSE Index following with a rise of 1,945.40 points to a record close of 275,610.21.
At the close of the market, Barita Investments closed at $8, with 7,550 stock units trading, Berger Paints finished trading 25 cents higher at $11.50, with 248,769 shares, Cable & Wireless ended trading 8 cents higher at $1.18, with 1,105,000 units, Caribbean Cement ended trading 95 cents higher at $27.50, with 8,250 units, 
Carreras closed with a loss of 10 cents at $11.90, with 151,770 stock units, Grace Kennedy ended with a loss of 75 cents at $42, trading 85,614 shares. Jamaica Broilers finished 5 cents higher at $18, with 66,650 units, Jamaica Producers settled with a loss of 40 cents at $15.60, with 2,000 shares changing hands, Jamaica Stock Exchange closed 5 cents higher at $7.25, with 1,000 shares, JMMB Group ended $1 higher at $27, with 62,554 units, Kingston Properties rose 5 cents to end at $7.20, with 160 shares. Kingston Wharves finished trading at $30, with 25,722 stock units, 1834 Investments traded 33,558 shares at $1.25, 
PanJam Investment lost 52 cents to end at $38, with 10,000 stock units, Portland JSX traded 25 cents higher at $8.75, with 5,000 units, Radio Jamaica closed at $1.15, with 2,500 shares, Sagicor Group traded 37,406 units with a gain of $1.49 to end at $40. Sagicor Real Estate Fund ended trading at $13.25, with 4,000 units, Scotia Group gained $1.02 higher to $52, with 9,271 shares and Supreme Ventures ended 15 cents higher at $12, with 51,500 stock units. In the main market preference segment, JMMB Group concluded trading at $1.15, with 747,717 stock units, and Sagicor Bank B preference share traded 9,000 units at $1and in the US dollar market segment, Proven Investments closed with 102,838 units trading at 20 US cents after slipping3.5 US cents.
Prices of securities trading for the day are those at which the last trade took place.
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.
JSE closes 1,000 points shy of 300,000
The market made another run at the 300,000 mark on the All Jamaican Composite Index on Monday, but fell just under 1,000 points shy, with the index ending at 299,091.16 points as the investors continued their bullish attack on a limited set of stocks.
The Main Market of the Jamaica Stock Exchange ended with 23 securities changing hands, 9 advanced, 12 declined and 2 traded firm with 310,999,356 units valued at $2,974,897,171 as Supreme Ventures accounted for 307 million units. One stock traded in the US market resulting in the price rising on small volume.
In market activity, volumes are those trades for the day and the closing prices are those at which the last trade took place. In the main activity, Barita Investments concluded trading 24 cents higher at $8, with 10,673 units changing hands, Cable & Wireless rose 2 cents to $1.02, with 126,398 shares, Caribbean Cement ended at $28, with just 144 units, Carreras ended trading with a loss of 2 cents at $13.48, with 252,898 stock units changing hands, Grace Kennedy finished with a loss of 40 cents at $43, in trading 38,318 units. Jamaica Broilers settled with a loss of 50 cents at $18, while exchanging 8,266 stock units, Jamaica Producers concluded trading with a loss of 80 cents at $15.20, with 6,459 shares, Jamaica Stock Exchange finished 10 cents higher at $7.70, with 27,315 units, JMMB Group traded 89 cents higher at $26, with 36,897 stock units, Kingston Properties settled with a loss of 5 cents at $7.15, with 2,000 units, 
Kingston Wharves finished 75 cents higher at $30.75, with 20,539 shares. Mayberry Investments exchanged 9,218 stock units at $4.50, property company, 138 Student Living finished 1 cent higher at $5.41, with 2,700 shares, PanJam Investment shed $1 to end at $43, with 11,244 stock units, Pulse Investments traded with a loss of 2 cents at $1.80, trading 69,750 shares, Radio Jamaica settled with a loss of 9 cents at $1.11, with 87,688 units. Sagicor Group jumped $4.99 to a record $39.99, with 52,394 shares, Sagicor Real Estate Fund closed with a loss of 8 cents at $13, after trading 3,100,000 units, Scotia Group fell 96 cents to $50, with 91,270 stock units, Seprod settled with a loss of $1.50 at $28.50, with 8,160 shares and Supreme Ventures finished with a loss of 60 cents at $9.50, with 306,999,685 stock units changing hands. In the main market preference segment, JMMB Group closed at $1.15, with 600 units and in the US dollar market Productive Business Solution rose 0.25 US cents in trading 2,300 units to close at 60 US cents.
Higher & Higher the market grows
Scotia ended at $50.96 on Friday.
Main Market activity of the Jamaica Stock Exchange on Friday saw the market indices climbing 2,955.43 points in the first 2 minutes of trading as JMMB Group climbed to a new high of $27.99 but fell back later to close just above Thursday last trade and Scotia Group landed at $50.96.
The market was ending for the 5 consecutive day at a new record close with the JSE All Jamaican Composite Index jumping 2,145.18 points to end at a record close at 297,756.90 and the JSE Index climbing 1,954.50 points to a record close of 271,290.21.
Twenty one (21) securities changed hands, 8 advanced, 5 declined and 5 traded firm as 5,262,809 units valued at $149,711,405 traded,
The volume and prices quoted for securities are amounts traded for the day at the last trading price. In the main activity Cable & Wireless finished at $1, with 119,166 stock units, Caribbean Cement traded $1.99 higher at $28, with 7,936 shares changing hands, Carreras finished $1.50 higher at $13.50, with 409,425 units 
trading, Grace Kennedy ended trading 40 cents higher at $43.40, with 61,347 stock units, Jamaica Broilers ended with a loss of 49 cents at $18.50, with 17,587 units, Jamaica Producers finished $1 higher at $16, with 3,874 shares, Jamaica Stock Exchange ended at $7.60, trading 6,885 stock units, JMMB Group traded 11 cents higher at record close of $25.11, with 21,622 stock units, but the stock traded earlier in the day as high as $27.99. Kingston Wharves dived $1.50 to $30, with 19,925 units, Mayberry Investments finished with a loss of 49 cents at $4.50, with 6,000 shares trading, 1834 Investments ended 2 cents higher at $1.40, trading 79,098 stock units, 
PanJam Investment traded at $44, with 7,913 shares, Radio Jamaica finished 5 cents higher at $1.20, with 31,981 units, Sagicor Group traded 47 cents higher at $35, with 2,916,828 stock units traded. Sagicor Real Estate Fund ended at $13.08, with 37,602 stock units, Scotia Group finished with a loss of 2 cents at $50.96, with 449,341 units changing hands, Seprod finished at $30, with 11,924 stock units, Supreme Ventures finished with a loss of 90 cents at $10.10, with 723,521 shares traded and in the main market preference segment, JMMB Group settled at $1.15, with 46,130 stock units and Sagicor Bank A share traded 207,000 units at $1.05.
In the US dollar market, Productive Business traded 75,347 units at 57.5 US cents after shedding 0.50 US cent and Proven Investments traded 254,650 shares 1.99 cents higher to 23.99 cents.
Main market climbs higher on Thursday
The Main Market of the Jamaica Stock Exchange closed at a new record high on Thursday, as the JSE All Jamaican Composite Index rose 516.81 points to record close of 295,611.68 and the JSE Index advancing 470.87 points to a record close at 269,335.73.
A total of 21 securities changed hands in the main market, with, 8 advancing, 5 declining with 3,821,978 units valued at $54,648,279. The JSE US Dollar Equities Index advanced 1.65 points to close at 186.63 with 1,000 units trading, valued at US$598.
In the market activity, volume and prices quoted are amounts traded for the day at the last trading price. In the main activity, Cable & Wireless ended trading 1 cent higher at $1, with 640,469 stock units, Caribbean Cement dropped $2.59 to $26.01, with just 400 units, Carreras traded 542,284 shares, to close at $12. Grace Kennedy fell 45 cents to end at $43, with 49,438 shares, Jamaica Broilers traded 49 cents higher at $18.99, with 6,020 stock units. Jamaica Producers settled with a loss of $1 at $15, with 93,586 shares, Jamaica Stock Exchange traded with a loss of 20 cents at $7.60, with 1,739 stock units, JMMB Group closed $2.50 higher at a record close of $25, with 371,074 shares. Kingston Properties traded with a loss of 20 cents at $7.20, with 1,400 stock units, 
Kingston Wharves concluded trading at $31.50, with 4,080 units. 1834 Investments concluded trading at $1.38, with 1,843 shares, PanJam Investment settled $2.15 higher at $44, with 5,905 stock units, Radio Jamaica settled at $1.15, with 2,500 shares, Sagicor Group settled 3 cents higher at $34.53, with 23,475 stock units, Sagicor Real Estate Fund ended at $13.08, with 300 units changing hands. Salada Foods finished at $8.50, with 10,000 stock units, Scotia Group ended trading $1.98 higher at $50.98, with 185,115 stock units, Seprod traded $1.95 higher at $30, with 13,026 shares and Supreme Ventures ended with a loss of $1 at $11, with 1,783,545 shares.
In the main market preference segment, Sagicor Bank A shares closed at $1.05, with 23,000 units changing hands and in the US dollar segment Productive Business ordinary share traded 1,000 units at 58 US cents.
Majors jump to record close
Trading ended on the Jamaica Stock Exchange on Wednesday with just 23 securities trading leading to the prices of 9 advancing and 11 declining as the market finished at a record closing high.
The JSE All Jamaican Composite Index climbed to a record close of 295,094.91 with gains of 929.05 points and the JSE Index rose 846.47 points to a new closing high of 268,864.84 as 4,324,540 units valued at $37,838,559 changed hands.
In the market activity, volume and prices quoted are amounts traded for the day at the last trading price. At the close of the market, 
Barita Investments ended trading with a loss of 24 cents at $7.76, with 2,150 units changing hands, Berger Paints lost 45 cents at $11.25, with 77,437 shares, Cable & Wireless ended with a loss of 6 cents at $0.99, with 2,312,610 stocks units trading, Caribbean Cement finished 60 cents higher at $28.60, with 3,500 units, Carreras finished with a loss of 60 cents at $12, with 787,049 shares trading. Grace Kennedy closed at $43.45, with 6,516 shares, Jamaica Broilers ended with a loss of 30 cents at $18.50, with 35,182 units, Jamaica Producers gained 95 cents to end at $16, with 14,581 shares, Jamaica Stock Exchange finished with a loss of 19 cents at $7.80, with 5,832 stock units, JMMB Group ended trading with a loss of 20 cents at $22.50, with 264,042 stock units changing hands, Kingston Wharves ended trading at $31.50, with just 100 stock units, 
Mayberry Investments finished 89 cents higher at $4.99, with 209,716 shares, 138 Student Living ended 60 cents higher at $5.40, with 10,000 stock units, PanJam Investment traded with a loss of $1.20 at $41.85, with 7,370 units, Pulse Investments closed 17 cents higher at $1.82, with 26,600 shares trading. Radio Jamaica closed 4 cents higher at $1.15, with 77,200 stock units, Sagicor Group ended with a loss of 3 cents at $34.50, trading 24,279 stock units, Scotia Group closed at $49, trading 4,559 units, Seprod ended with a loss of $1.95 at $28.05, with 1,594 shares. Sterling Investments finished 20 cents higher at $12.25, with 2,486 stock units, Supreme Ventures ended trading $1 higher at $12, with 319,536 shares and in the main market preference segment, JMMB Group settled with a loss of 4 cents at $1.15, with 9,853 units changing hands.
Scotia pushes JSE to new record close
Scotia helped push the JSE to new record close on Tuesday.
Trading on the Jamaica Stock Exchange closed on Tuesday with 22 securities changing hands main market and one in the US d0llar market, leading 8 advancing and 11 declining as trading volume jumped sharply to 78,668,713 units.
At the close, the main market ended at a new closing high as Scotia Group jumped sharply to $49 at the close.
In the main activity, Berger Paints settled with a loss of 30 cents at $11.70, with 174,040 units, Cable & Wireless ended trading fell 6 cents to end at $1.05, with 83,989 units, Caribbean Cement closed with a loss of 50 cents at $28, with 3,800 shares, Carreras concluded trading with a loss of 90 cents at $12.60, with 958,423 units as high as $14 before falling back later in the trading session. 
Grace Kennedy closed 45 cents higher at $43.45, with 170,391 stock units, Jamaica Broilers concluded trading 30 cents higher at $18.80, with 19,831 shares, Jamaica Producers ended trading with a loss of 45 cents at $15.05, with 25,823 units, Jamaica Stock Exchange ended with a loss of 1 cent at $7.99, with 17,681 shares. JMMB Group closed with a loss of 30 cents at $22.70, with 46,302 stock units trading, Kingston Wharves closed 50 cents higher at $31.50, with 1,177 units, Mayberry Investments ended trading with a loss of 70 cents at $4.10, with 35,723 shares changing hands, 1834 Investments ended at $1.38, with 5,000 stock units trading, 
PanJam Investment traded 55 cents higher at $43.05, with 36,636 shares, Portland JSX concluded trading with a loss of 28 cents at $9, with 10,000 units, Pulse Investments traded 25 cents higher at $1.65, with 25,236 units, Radio Jamaica ended trading with a loss of 4 cents at $1.11, with 17,206 stock units, Sagicor Group finished at $34.53, with 222,778 shares trading. Sagicor Real Estate Fund finished with a loss of 72 cents at $13.08, with 76,479,720 units, Scotia Group settled $2.90 higher at $49, with 57,385 units, Seprod closed at $30, with 31,820 shares, Supreme Ventures settled 19 cents higher at $11, with 17,901 shares ahead of news breaking that one shareholder in the company, holding 49.9 percent of the share, is raising funds to acquire the shares not already owned by them in the major shareholding company that would bring their holdings to just under 50 percent of SVL and in the US dollar market Proven Investment traded 48,005 units at 22 US cents.