Majors retreat again – Tuesday

The main market of the Jamaica Stock Exchange, lost more grounds on Tuesday, following Monday’s fall, even as advancing stocks beat out declining ones, 3 to 2.
At the close the All Jamaica Composite Index , slipped 414.61 points to close at 212,817.38. The JSE Market Index fell 370.75 points to finish at 194,671.14. Thanks to moderate gains in the junior market, the JSE combined index fell 244.89 points to close at 208,674.85.
The market closed with 43 securities changing hands. 18 stocks gained and 13 declined in the overall market, including 10 stocks rising and 6 falling, in the junior market.
At the close with 7,603,225 units valued at just $132,166,453 changed hands, compared to 2,566,885 units valued at $17,585,399 changing hands on Monday. Of the stocks traded, the junior market accounted for 1,095,189 units, changing hands, valued at $6,212,985.
The average trade for the day in the main market ended at 282,958 shares compared to an average of 76,614 units traded on Monday. The average for the month to date, is 224,468 versus 165,979 units on the previous trading day, well below the average of 549,379 units, December ended with.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 14 stocks with bids higher than their last selling prices and 5 with lower offers.
In market activity, Berger Paints ended trading 6,077 shares to close at $6, Cable & Wireless gained 2 cents to close at 87 cents with 693,453 units trading, Caribbean Cement ended with a fall of $3 while trading just 8,453 shares to close at $33.50. Carreras lost 16 cents and closed at $66.59 with 14,968 shares changing hands, Investors traded 2,415,247 shares of 1834 Investments to close at $1.26 after rising 6 cents. Grace Kennedy had 55,485 units trading with the price falling 49 cents to close at $40.01, Jamaica Broilers closed at $14.60 with 17,847 shares changing hands, Jamaica Stock Exchange lost 3 cents in trading 41,393 shares, to end at $5.57, JMMB Group traded 2,788 units and lost 35 cents to end at $15.10. Kingston Properties rose 94 cents in trading 11,779 units to close at $9, Mayberry Investments lost 5 cents and ended at $4.75 with 13,796 shares changing hands, National Commercial Bank traded 2,001,100 shares with a gain of $1.79 to close at $52. Pan Jam Investment traded 1,447 shares and rose 2 cents to close at $26.52, Radio Jamaica climbed 13 cents to close at $1.35 after 14,479 shares changed hands, Sagicor Group closed with 105,859 shares changing hands with a loss of 4 cents at $29, Sagicor X Fund ended with 33,019 units trading at $10.50 and gained 29 cents. Scotia Group with 3,595 shares changing hands and closed at $38, Scotia Investments gained 3 cents with 4,906 units trading, to end at $31.05. Supreme Ventures ended at $5.10, with 10,049 units changing hands, Trinidad Cement had 150,000 units changing hands at $63, Proven Investments ordinary share traded 136,778 units at 22 US cents and Jamaica Money Market Brokers 7.50% preference share traded 765,000 units to close at $1.08.

Majors failed to hold early gains – Monday

The main market of the Jamaica Stock Exchange, surged 3,247 points on Friday, cooled its heels on Monday as it failed to hang to decent gains at the start of trading of more than 1,000 points.
The early gains gradually melted away, as trading aged during the day to close down.
At the close the All Jamaica Composite Index , slipped 416.58 points to close at 213,231.99. The JSE Market Index fell 372.49 points to finish at 195,041.89. Thanks to strong gains in the junior market the JSE combined index climbed 490.49 points to close at new record close of 208,674.85.
The market closed with 45 securities changing hands. 22 stocks gained and 11 declined in the overall market, including 13 stocks rising and 3 falling, in the junior market.
At the close with 2,566,885 units valued at just $17,585,399 changed hands, compared to 10,710,157 units valued at $359,865,498 changing hands on Friday. Of the stocks traded, the junior market accounted for 728,143 units changing hands, valued at $4,409,716.
The average trade for the day in the main market ended at 76,614 shares compared to an average of 378,453 units traded on Thursday. The average for the month to date, is 165,979 versus 235,343 units on the previous trading day, well below the average of 549,379 units, December ended with.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Berger Paints ended trading 19,503 shares to close at $6, Cable & Wireless fell 4 cents to close at 85 cents with 861,983 units trading, Caribbean Cement ended with a fall of $3.50 while trading just 55,850 shares to close at $30.50. Carreras closed at $66.75 with 8,460 shares changing hands, Ciboney traded 100,000 units to end at 20 cents, Investors traded 30,000 shares of 1834 Investments to close at $1.26 after rising 6 cents. Grace Kennedy had just 5,576 units trading with the price falling 49 cents to close at $40.50. Jamaica Broilers gained 10 cents and closed at $14.60 with 235,468 shares changing hands, Jamaica Producers lost 15 cents to end trading at $9.70 with 63,005 units changing hands, Jamaica Stock Exchange gained 4 cents in trading 20,973 shares, to end at $5.60. JMMB Group traded 60,705 units and added 45 cents to end at $15.45, Kingston Wharves jumped by $3.18 in trading 67,970 shares at a 52 closing high of $24.99, National Commercial Bank traded 14,858 shares with a fall of 80 cents to close at $50.21. Pan Jam Investment traded 13,614 shares at $26.50, Pulse Investments gained 30 cents in trading 43,803 shares at $4, Radio Jamaica fell 13 cents to close at $1.22 after 177,017 shares changed hands, Sagicor Group closed with 9,282 shares changing hands at $29.04. Sagicor X Fund ended with 9,981 units trading at $10.21 lost 29 cents, Scotia Group with 23,409 shares changing hands and closed with a fall of 1 cent at $38, Scotia Investments gained 3 cents with 4,906 units trading, to end at $31.05. Seprod closed at $30 with 4,642 units changing hands and Proven Investments ordinary share traded 6,555 units at 21.97 US cents.

Majors surge 3,247 points to record close

Bulls pushing Jamaican stock to new highs.

The value of stocks, on the main market of the Jamaica Stock Exchange, climbed sharply on Friday, as the market closed with 40 securities changing hands of which 23 gained and 8 declined in the overall market, including 9 stocks rising and 3 falling, in the junior market.
At the close the All Jamaica Composite Index surged 3,246.81 points, to close at 213,648.57. The JSE Market Index leapt 2,903.22 points to finish at 195,414.38. The JSE combined index jumped 2,748.82 points to close at 208,184.36.
At the close with 10,710,157 units valued at $359,865,498 changed hands, compared to 2,993,596 units valued at $27,027,397 changing hands on Friday. Of the stocks traded, the junior market accounted for 491,934 units changing hands, valued at $2,672,851. Grace Kennedy with 7,729,745 units valued at $316,822,639 accounted for the bulk of the trades with the price rising 59 cents to close at $40.99.
The average trade for the day in the main market ended at 378,453 shares compared to an average of 84,869 units traded on Thursday. The average for the month to date is 235,343 versus 132,234 units on the previous trading day, well below the average of 549,379 units, December ended with.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 13 stocks with bids higher than their last selling prices and none with a lower offer.
In market activity, Berger Paints rose 20 cents while trading 1,875 shares to close at $6, Cable & Wireless gained 4 cents to close at 89 cents with 101,180 units trading, Caribbean Cement ended with a $1 rise while trading just 1,000 shares at $34. Carreras gained 75 cents and closed at $66.75 with 12,920 shares changing hands, Ciboney traded 87,962 units and rose 4 cents to end at 20 cents, Investors traded 443,934 shares of 1834 Investments to close at $1.20. Jamaica Broilers fell 10 cents and closed at $14.50 with 11,679 shares changing hands, Jamaica Producers rose 45 cents to end at a 52 weeks’ high of $9.85 with 3,700 units trading, Jamaica Stock Exchange gained 4 cents in trading 20,360 shares, to end at $5.56. JMMB Group traded 53,329 units and added 30 cents to end at $15, Kingston Properties lost 95 cents in trading 13,795 units to close at $8.05, Kingston Wharves jumped by $1.81 in trading 26,062 shares at $21.81, Mayberry Investments ended at $4.80 with 4,270 shares changing hands. National Commercial Bank traded 202,254 shares with a fall of 49 cents to close at $51.01. Pan Jam Investment traded 3,893 shares at $26.50. Pulse Investments lost 30 cents in trading 53,383 shares at $3.70, Radio Jamaica rose 9 cents to close at $1.35 after 44,324 shares changed hands, Sagicor Group closed with 42,635 shares changing hands at $29.04. Sagicor X Fund ended with 57,375 units trading at $10.50. Scotia Group with 587,294 shares changing hands and closed with a rise of $3.01 at $38.01, Scotia Investments gained $1.02 with 16,000 units trading, to end at $31.02, Seprod rose $2 to $30 with 24,088 units changing hands, after trading at an intraday high, of $30.50, Supreme Ventures had just 7,213 shares trading and gained 9 cents to end at $5.10 and Proven Investments ordinary share traded 667,533 units at 20.5 US cents.

Majors pull back for first time in 2017

Prices of stocks, on the main market of the Jamaica Stock Exchange, pulled sharply on Thursday, as the market closed with 42 securities changing hands of which 15 gained while 15 declined in the overall market, including 7 stocks rising and 5 falling, in the junior market.
At the close the All Jamaica Composite Index fell sharply 2,014.74 points, to close at 210,401.76. The JSE Market Index dropped 1,801.53 points to finish at 192,511.16. The JSE combined index pulled back 1,327.76 points to close at 205,435.54.
At the close with 2,993,596 units valued at $27,027,397 changed hands, compared to 3,784,854 units valued at $25,405,860 changing hands on Thursday. Of the stocks traded, the junior market accounted for 2,710,965 units changing hands, valued at $12,580,140.
The average trade for the day in the main market ended at 84,869 shares compared to an average of 70,171 units traded on Wednesday. The average for the month to date is 132,234 units and December ended with an average of 549,379 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 21 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Barita Investments slipped 50 cents while trading 19,334 shares to close at $6, Cable & Wireless gained 3 cents to close at 85 cents with 268,474 units trading, Caribbean Cement ended with a $1 loss while trading 1,259 shares at $33. Carreras closed at $66 with 6,348 shares changing hands, Investors traded 219,390 shares of 1834 Investments to close with a fall of 2 cents at $1.20, Grace Kennedy fell 9 cents to close at $40.40 with 167,066 shares changing hands. Jamaica Broilers gained 10 cents and closed at $14.6 with 19,700 shares changing hands, Jamaica Producers shed 10 cents to end at $9.40 with 4,490 units trading, Jamaica Stock Exchange gained 4 cents in trading 14,215 shares, to end at $5.56. JMMB Group traded 52,800 units and added 10 cents to end at $14.70, Kingston Wharves slipped $2 and traded 42,898 shares at $20, Mayberry Investments gained 5 cents to end at $4.80 with 1,721 shares changing hands. National Commercial Bank traded 6,836 shares with a gain of $1.25 to close at $51.50. The closest offer for NCB is at $54.80 to sell 18,500 units, PANJAM Investment traded 35,107 shares and shed $1 to close at $26.50. Portland JSX gained 5 cents in trading 45,400 units at $11, Pulse Investments traded 19,715 shares at $4, Radio Jamaica lost 2 cents to close at $1.26 after 388,684 shares changed hands, Sagicor Group closed with 227,944 shares changing hands at $29.04. Sagicor X Fund ended with 250,230 units trading, with a gain of 30 cents to close at $10.50. Scotia Group with 16,835 shares changing hands and closed with a fall of $3.30 at $35, Scotia Investments lost $1.50 with 13,874 units trading, to end at $28, Proven Investments ordinary share traded 74,000 units at 22 US cents and JMMB Group 7.5 percent preference share traded 300,000 units $1.08.

Jamaican stocks surge to record close

JSE inx 28-12-16 Prices surged on the main market of the Jamaica Stock Exchange, to close on Wednesday at a new closing high as the main market indices were up by more than 4,000 points. The market ended with the All Jamaica Composite Index climbing 23.5 percent for the year to date, the JSE market index gaining 25.6 percent and the Combined index rising 27.6 percent.
The All Jamaica Composite Index had sharp uptick of 4,561.30 points, to close at 206,750.96. The JSE Market Index surged 4,078.62 points to finish at 189,246.69. The JSE combined index jumped 3,991.66 points to close at 201,943.16.
Market activity ended with 36 securities changing hands. At the close, the prices of 13 stocks gained while 8 declined in the overall market, including 4 stocks rising and 3 falling, in the junior market.
At the close with 4,343,022 units valued at $31,074,893 changed hands, compared to 4,431,672 units valued at $71,950,263 changing hands on Thursday. Of the stocks traded, the junior market accounted for 2,545,501 units changing hands, valued at $2,533,304.
ICI JSE sum 28-12-16 The average trade for the day in the main market ended at 81,706 shares compared to an average of 167,153 units traded on Friday. The average for the month to date stands at 202,375 shares compared to an average of 323,045 units for the month up to Friday. November ended with an average of 208,466 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 13 stocks with bids higher than their last selling prices and 7 with lower offers.
Some notable stocks with bids above the last sale price are Kingston Wharves with a bid of $21 versus the last price of $20.01 Pan Jam with a bid of $27.50 versus the last price of $27 and Seprod with a bid of $29.80 with a last sale of $27.50.
In market activity, Barita Investments closed with a gain of 45 cents to $6 with 59,690 shares trading, Berger Paints traded 14,000 shares to end at $5.60, Cable & Wireless rose 2 cents to close at 72 cents with 98,075 units trading, Caribbean Cement ended with gain of $4.70 while trading 25,306 shares at $35.40. Ciboney traded 257,346 shares at 22 cents, Grace Kennedy closed at $41 with 7,900 shares changing hands, Jamaica Broilers closed at $14.08 with 7,515 shares changing hands, Jamaica Producers lost 30 cents to end at $8.85 with 968,280 units trading, ICI JSE fnqts 28-12-16Jamaica Stock Exchange fell 4 cents in trading 5,325 shares, to end at $5.55. Mayberry Investments fell 10 cents to end at $5.40 with 63,413 shares changing hands, National Commercial Bank rose 76 cents to end at $49.76 with 27,850 shares changing hands, PANJAM Investment traded 2,000 shares to close at $27. Pulse Investments traded 115,621 shares with a fall of 90 cents to close at $3, Radio Jamaica traded 80,000 shares to close at $1.22 after rising 2 cents, Sagicor Group closed with 8,250 shares changing hands at $30, Scotia Group with just 5,000 shares changing hands and closed with a gain of 99 cents at $34.99 and Proven Investments closed at 21.95 US cents up from 21.05 US cents, with 37,735 units changing hands.

Jamaican stocks break 201K at close

Mayberry closed at a 52 weeks' high of $5.50

Mayberry closed at a 52 weeks’ high of $5.50

At the close of trading on Tuesday, the Jamaica Stock Exchange broke the 201,000 level for the first time with the All Jamaica Composite Index ending just under 202,000 points, as 35 securities changing hands. The prices of 18 stocks ended with gains while 8 declined in the overall market, including 6 stocks rising and 2 falling, in the junior market.
At the close the All Jamaica Composite Index gained 804.58 points to end at 201,686.80, the index recorded gains of 20.5 percent for the year to date. The JSE Market Index rose 962.45 points to finish at 184,648.99. The JSE combined index surged 1,262.68 points to end at 196,773.43, with a gain for the year to date of 24.3 percent.
At the close with 2,284,709 units valued at $18,900,534 changed hands, compared to 3,151,271 units valued at $45,655,245 changing hands on Monday. The junior market accounted for 361,716 units changing hands, valued at $1,755,268 of the stocks traded.
ICI JSE sum 13-12-16 The average trade for the day in the main market ended at 80,125 shares compared to an average of 85,208 units traded on Monday with the average for the month to date being 104,093 units compared to 128,061 units for the month up to Monday. November ended with an average of 208,466 units.
In market activity, Berger Paints gained 25 cents and closed at $5.60 with 445,016 shares trading, Cable & Wireless gained 6 cents, in trading 8,688 units, at 82 cents, Caribbean Cement lost 44 cents in trading 2,758 shares, to close at $36.01, Carreras exchanged 3,500 shares at $66. Investors traded 146,422 shares of 1834 Investments with a loss of 5 cents, to close at $1.25, Grace Kennedy traded 54,445 shares to close with a loss of 10 cents at $41, Jamaica Broilers ended trading with 51,620 units, to close at $14.65, Jamaica Producers closed at $9.20 with 31,595 shares changing hands, after falling 5 cent. Jamaica Stock Exchange traded 114,550 shares, to end with a rise of 6 cents at $5.42, JMMB Group traded 27,146 shares and fell $1.25 to close at $12.55, Mayberry Investments ended trading 43,333 shares, to close at a 52 weeks’ high of $5.50, after rising by 55 cents. National Commercial Bank jumped $1 and ended at $49 with 4,395 shares changing hands,ICI JSE fnqts 13-12-16 PANJAM Investment traded 253,310 shares to close at $24.50, Radio Jamaica traded 137,260 units while rising 3 cents to close at $1.23. Pulse Investments traded 13,523 shares at $3.90, Radio Jamaica closed at $1.23 with 447,189 shares, Sagicor Group closed with 13,000 shares changing hands to end with a rise of 95 cents at $27, Scotia Group gained 54 cents, with 33,567 shares changing hands, to close at $34.10. Scotia Investments ended at $33 with 14,718 shares being traded, Seprod gained 31 cents and ended at $28.32 with 10,217 units changing hands and JMMB Group 6 percent preference share traded 38,000 shares at $1.10 and the 7.5 percent instrument closed at US$1.06 with 146,068 units.

Barita up 61% & exits top 5 Pulse in

Barita is one of the top IC Insider's stock for growth over the next 12 months in the main market.

Barita is one of the top IC Insider’s stock for growth over the next 12 months in the main market.

Barita Investments looks like the stock to deliver the best returns in the main market of the Jamaica Stock Exchange, was the lead to IC Insider’s start to the TOP 5 series in September. The stock priced then at $3.15, is now out of the TOP 5 main market list with a 61 percent gain, when it closed the week at $5.
Barita has been replaced by Pulse Investments. The latter just released the September quarterly report with the best quality of earnings in years, with an improving cash flow compare with prior periods and increased earnings of 32 cents per share. Excluding fair value gains on real estate holdings, earnings per share would be around 23 cents or 90 cents per share annualised. The stock price has room for growth in the coming months.
Kingsley Cooper Chairman of Pulse

Kingsley Cooper Chairman of Pulse

The recommendation to buy Barita was a bold one, coming against the background of a stock that had not performed well in recent times before September as well as that a large brokerage house in August, recommended investors to sell the stock based on a number of factors. Specifically they said, “Initiatives implemented during the last financial year have thus far been successful in supporting both net interest income growth as well as fee income. The recent rally in Emerging Market bond prices should help Barita to recover from the decline experienced in the period. That said, we expect just a marginal increase in year on year net profit. Given this expectation we estimate BIL shares to be valued at approximately $2.35 by applying the market average P/E to estimated EPS. Therefore at a current market price of $3.10, we are recommending a SELL on BIL”. Interestingly, IC Insider assessment indicates that based on the extremely good quality of the company’s fourth quarter earnings, profits should be hitting a range of $1.50 to $2 per share for the current fiscal year and investors should be seeing a huge uptick in the price.
Top 5 stks 25-11-16Barita reported earnings excluding one off write down of investments of $171 million or 38 cents per share in the September quarter up 140 percent over the $70 million earned in the similar period in 2015.
Barita Investments is undergoing change and this has driven up fee income sharply which is replacing interest income formerly generated form the repo business. Net interest income climbed sharply in 2016 as new business jumping to $127 million from just $44 million in the September 2015 quarter. Barita has also built up a large pool of unrealized gain on investments which can be released to profit in the future.
The other selections in the top 5 have not changed much during the week, except for a rise in the price of Key Insurance to $2.45. The junior market listings are being generally held back due to a lack of supply of shares being offered for sale.

Another record close for JSE

Grace Kennedy traded more than 28 million shares on the JSE on Friday.

Grace Kennedy traded more than 28 million shares on the JSE on Friday.

The Jamaica Stock exchange main market indices along with the combined index closed at yet another record, with the All Jamaica Composite Index rising 965.37 points to end at a closing high of 194,392.10. The JSE Market Index gained 863.21 points to finish at a new closing high of 177,883.21.
The JSE combined index climbed 1,085.80 points to end at a record closing high of 189,896.49 with a gain for the year to date of 20 percent.
The Jamaica Stock Exchange closed trading with 41 securities trading as the prices of 19 gained while 8 declined in the overall market, including 7 stocks rising and 3 falling, in the junior market.
At the close with 43,666,008 units valued at $1,467,261,444 changed hands, compared to 6,296,810 units valued at $50,570,213 changing hands on Thursday. The junior market accounted for 175,408 units changing hands, valued at $782,192 of the stocks traded.
The average trade for the day in the main market ended at 1,672,696 and 948,034 units month to date. On Thursday, an average of 188,585 units traded and for the month to date, 2523,372 units, in comparison the average for the October was 220,811 units.
ICI JSE sum 25-11-16 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Barita traded 58,534 shares, to end at $5.10, Berger Paints traded 3,100 units at $5.60, Cable & Wireless gained 9 cent to close at 80 cents, with 197,639 units trading, Caribbean Cement lost $1 in exchanging 12,030 shares at $27. Carreras lost 10 cents in exchanging 18,870 shares at $65.90. Trading in Ciboney shares resulted in a gain of 2 cents to close with 40,000 units changing hands at 20 cents, Grace Kennedy rose $1.87 and ended trading 28,422,521 units at $41.97, Jamaica Broilers rose 30 cents and closed at $14.90 with 38,575 shares changing hands, Jamaica Producers lost 32 cents and closed at $8.30 with 574,795 shares changing owners. Jamaica Stock Exchange traded 217,496 shares and rose 2 cents to end at $5.52, JMMB Group closed trading with 40,600 shares to end at $13.69, Kingston Wharves gained 20 cents in trading 99,659 shares to close at $19, Mayberry Investments traded 10,000 shares to close at $3.66, National Commercial Bank gained $1 and ended at $51 with 3,158,556 shares trading. ICI -JSE fn Qts -25-11-16138 Student Living ordinary share traded at $5 with 60,400 units changing hands, PAN JAM Investment traded 15,925 shares to end at $24, Pulse Investments traded 25,000 shares after gaining 10 cents to end at $4, Radio Jamaica traded 130,200 units but lost 5 cents to close at $1.35, Sagicor Group had 67,480 shares changing hands to close at $25.50. Sagicor Real Estate Fund traded 2,660 units with the price falling 28 cents to $10.25. Scotia Group traded 697,692 shares to close with a gain of 15 cents at $31.71, Seprod traded 1,646,200 units to close with a rise of $1.09 at $26.99 and Supreme Ventures lost 10 cents and closed at $4.70 with 7,946,940 shares changing hands.

Jamaican stocks retreat from record

JSE indx 11-16 The main market of the Jamaica Stock Exchange closed down on Thursday after hitting a new record on Wednesday. The All Jamaica Composite Index dropped 1,569.85 points to close at 189,153.12, bringing the year to date gains to 13 percent. The JSE Market Index fell 1,403.72 points to finish at 170,178.32 and the JSE combined index declined 1,147.57 points to end at 183,032.25 with a gain for the year to date of 15.6 percent.
At the close 18,462,121 units valued at $230,990,500 changed hands, compared to 6,616,334 units valued at $97,621,824 changing hands on Wednesday. The junior market accounted for 11,250,424 units trading valued at $76,439,888 of the stocks traded.
The average trade for the day in the main market ended at 277,373 and 229,873 month units to date. On Wednesday, an average of 186,716 units traded and 182,374 month to date. The average for the October was 220,811 units.
ICI JSE sum 10-11-16The market closed with 42 securities trading as the prices of 9 gained while 17 declined in the overall market, including 4 stocks rising and 7 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 shows 10 stocks with bids higher than their last selling prices and just 1 with a lower offer.
In market activity, Barita Investments fell 10 cents in trading 122,337 units to close at $4, Berger Paints traded 49,519 shares to end at $6.25 after rising 2 cents, Cable & Wireless rose 3 cents and closed at 85 cents with 56,000 units trading. Caribbean Cement had just 10,748 units changing hands to close at $30, Carreras traded 1,980 shares to end at $65.50, Grace Kennedy climbed 46 cents in trading 50,947 units at $41.45, Jamaica Broilers gained 50 cents and closed at $14.50 with 241,400 shares changing ownership, Jamaica Producers lost 4 cents in trading 994,195 shares at $8.20. Jamaica Stock Exchange fell 30 cents, ending at $5.70 after trading 213,422 shares, JMMB Group traded 6,000 shares to end at $13.70, Kingston Properties traded 6,000 shares and closed at $10. ICI -JSE fn Qts 10-11-16Margaritaville Turks traded 1,629,049 shares to close at 22.01 US cents, after declining by 2.5 cents, National Commercial Bank ended with the trading of 49,275 shares to close at $45.50, Pan Jamaican Investment closed at $23.70 after trading 2,751,998 shares, Pulse Investments traded at $3 with 50,000 units changing owners. Radio Jamaica closed unchanged at $1.50 with 16,593 shares trading, Sagicor Group had 678,392 shares changing hands and rose 5 cents to close at $23.95, Scotia Group slipped 49 cents in trading 43,593 shares to close at $31.30, Seprod fell 50 cents in trading 14,051 shares to end at $28. Supreme Ventures lost 20 cents trading 2,000 shares to close at $4.80, Proven Investments traded 121,922 units slipping slightly to close at 19.9 US cents and Jamaica Money Market Brokers 7.5% preference share, traded 92,320 units to close at $2.10.

Jamaican stocks mostly fall – Monday

Scotia Group traded 1.18 million shares on Monday

Scotia Group traded 1.18 million shares on Monday

The main market indices of the Jamaica Stock Exchange declined again on Monday with the all Jamaica Composite Index jumping 1,273.92 points to 184,755.09. The JSE Market Index climbed 1,139.12 points to finish at 166,245.69 and the JSE combined index gained 1,099.99 points to end at 178,583.41 and gained at 13 percent for the year to date.
At the close 14,409,476 units valued at $129,902,890 changed hands, compared to 17,656,211 units valued at $101,436,212 changing hands on Friday. The junior market accounted for 6,697,473 units trading valued at $36,505,806 of the stocks traded.
The average trade for the day in the main market ended at 321333 units, compared to an average for the month to date of 402,684 units. On Friday, an average of 871,081 units traded with the average for the month to date at 484,035.
The market closed with 43 securities trading as the prices of 13 gained while 16 declined in the overall market, including 6 stocks rising and 6 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the ICI -JSE sum -24-10-16Investor’s Choice bid-offer indicator reading shows 13 stocks with bids higher than their last selling prices and 5 with lower offers.
In market activity, Barita Investments gained 1 cent in trading 446,721 shares to end at $4.41, Cable & Wireless lost 5 cents closed at 85 cents with 218,904 units trading, Caribbean Cement traded 19,296 shares and gained 6 cents to close at $31.56, Carreras closed at $66 with 3,000 units changing hands. Grace Kennedy closed trading with 90,024 shares changing hands at $41.99, Jamaica Broilers closed at $14.75 after easing 1 cent, with 283,408 shares switching owners. Jamaica Producers fell 1 cent to $8.29 with 435,508 units trading, Jamaica Stock Exchange lost 58 cents and ended at $27.39 while trading 1,000 shares, JMMB Group gained 16 cents in trading 291,976 units to close at $13.66. Kingston Wharves traded 34,845 shares to close at $17, Mayberry Investments ended with 662,483 shares trading at $3.85, National Commercial Bank traded 105,250 shares to close with a fall of 16 cents at $43.33, Student Living closed at $4.71 while trading 43,800 shares and gained 1 cents.ICI -JSE fn Qts -24-10-16 Pan Jamaican Investments gained 1 cent and closed at $22.56 after trading 84,165 shares, Portland JSX traded 549,651 units with the price falling 6 cents to $11.04, Pulse Investments traded 20,000 shares and lost 60 cents to close at $3.30, Radio Jamaica traded 400,000 units and gained 5 cents to end at $1.40. Sagicor Group had 48,361 shares changing hands and closed with a fall of 45 cents at $22.55, Scotia Group rose 2 cents and closed at $30.04 with 1,179,017 shares changing hands. Scotia Investments dropped $2.91 with 28,735 units changing hands to close at $31.04. Seprod had 18,853 units changing hands to close at $24.60, Sterling Investments lost 1 cents in trading 38,000 shares to close at $14.99, Supreme Ventures traded 2,215,656 shares buy fell 2 cents to close at $4.50 after the company’s Chief Executive passed over the week end and Proven Investments traded 150,800 units at 18 US cents after rising 1.5 cents.