The Jamaica Stock Exchange main market closed higher on Monday as advancing stocks outnumbered declining ones and with 2 stocks hitting 52 weeks’ highs.
The JSE All Jamaican Composite Index gained 2,026.67 points to close at 544,893.48, the JSE Index advanced 1,841.71 points to close at 496,154.12 and the JSE Financial Index rose 0.20 points in closing at 133.73.
Market activity, resulted in 38 securities trading in the main and US dollar markets, leading to 14 securities advancing, 11 declining and 13 trading firm, compared to 33 securities trading on Friday. Trading ended with 54,623,895 units priced at $307,245,305 compared to 18,037,703 units amounting to $151,247,321 changing hands on Friday.
Wigton Windfarm dominated trading with 48 million shares for 88 percent of total main market volume, Seprod followed with 4.2 million units for 8 percent of total volume and Mayberry Jamaican Equities with 476,988 shares for just under 1 percent of the day’s volume.
The market closed with average of 1,560,683 units at $8,778,437 for each security traded. In contrast to 601,257 units for an average of $5,041,577 on Friday. The average volume and value for the month to date amounts to 1,192,045 shares valued at $14,027,438 changing hands, compared to 1,167,747 shares valued at $14,394,134 for each security traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and one with a lower offer.
In the main market activity, Barita Investments lost 50 cents to end at $71.50, in trading 47,744 shares, Grace Kennedy climbed 50 cents in trading 40,197 units, to end at $72.50, Jamaica Producers declined $1.35 in trading 45,583 shares to close at $26.65. Jamaica Stock Exchange climbed $2 trading 202,800 units to end at a 52 weeks’ closing high of $40, JMMB Group slipped $2 to end at $51 with an exchange of 154,329 shares. Kingston Wharves traded 3,927 shares and gained $2 to close at $70, Mayberry Investments lost 34 cents trading 26,430 shares at $8.16, Mayberry Jamaican Equities traded 476,988 shares and gained 48 cents to end at $12, NCB Financial fell $1 in exchanging 86,395 shares to close at $214, PanJam Investment rose $4 in trading 28,065 stock units at $99. Sagicor Group traded 12,978 shares after rising $1 in closing at $54.50, Scotia Group exchanged 8,603 shares with a gain of 93 cents to end at $56.95. Seprod rose $1 in trading 4,234,220 to close at $47, Sterling exchanged 78,341 with a fall of 38 cents to close at $3.20, Supreme Ventures lost 90 cents in trading 61,281 in closing at $27 Sygnus Credit Investments traded 38,090 shares and lost 50 cents in closing at $14.50 and Wisynco Group climbed $2.01 in trading 174,156 shares to end at record close of $23.01.
Trading in the US securities market resulted in 125,885 units valued at US$30,649 changing hands. Market activity ended with JMMB Group 5.75% preference shares traded 6,210 units at US$2, Margaritaville closed trading with 1,109 units at 25 US cents, Proven Investments lost 0.05 cent in trading 114,997 shares to close at 25.02 US cents and Sygnus Credit Investments closed with 9,779 units changing hands at 10.5 US cents after falling 1.49 cents. The JSE USD Equities Index fell 2.02 points and closed at 190.04.
Gains for JSE main market – Monday
Investors push Fontana from IC TOP 10
Fontana hits a record high of $9 during trading on Friday but pulled back to close at $7.41 still higher than the $6.07 it closed at the end of the prior week and pushing the stock out of the Top 10.
Caribbean Flavours replaced Fontana in the Junior Market top 10. In the main market, Palace Amusement with opening of the Sunshine Palace scheduled for late July or early August, is expected to add to revenues and profit, replaced Jamaica Broilers.
Limners and Bards (The Lab) with a successful IPO this past week, remains on the Junior Market TOP 10. Radio Jamaica came in for increased buying in the past week that pushed the price to a 52 weeks’ high of $1.40 but pulled back on Friday, as selling pushed the price down, to close at $1.24.
In the past week, the main market continues to hit new record highs, closing the week at a near all-time high on its way to over 700,000 points for the All Jamaica Index. Momentum continues to move the market away from long-term resistance at 520,000 points. The Junior Market rose during the week and recovered losses suffered in the first half of the month. The market is still consolidating, waiting for profit results to help move it higher as it is currently highly undervalued.
The three most attractive Junior Market stocks are, Iron Rock with potential gains of 240 percent, followed by Caribbean Producers with projected gains of 238 percent and tTech with possible gains of 214 percent.
Sterling Investments heads the main market with 179 percent potential gains followed by Sygnus Credit Investments with 167 percent and Palace Amusement in third spot with the potential to gain 162 percent by March next year.
The main market, closed the week with the overall PE at 15.2 and the Junior Market at 10.20. The PE ratio for Junior Market Top 10 stocks averages 7.1 and the main market PE 8.6. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 30 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 43 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
This report is compiled by persons who may have interest in the securities commented on.
Gains for JSE main market – Friday
The Jamaica Stock Exchange main market closed higher on Friday as advancing stocks edged out declining ones and 3 stocks hit 52 weeks’ highs.
The JSE All Jamaican Composite Index gained 1,350.02 points to 542,866.81, the JSE Index advanced by 1,226.82 points to close at 494,312.41 and the JSE Financial Index rose 0.38 points in closing at 133.53.
Market activity resulted in 33 securities trading in the main and US dollar markets, leading to 12 securities advancing, 10 declining and 11 trading firm, compared to 32 securities trading on Thursday. Trading ended with 18,037,703 units amounting to $151,247,321 compared to 16,823,129 units valued at $203,619,459 changing hands on Thursday.
Wigton Windfarm led trading with 10.7 million shares for 59 percent of total main market volume, Mayberry Jamaican Equities followed with 2.7 million stock units for 15 percent of total volume and Radio Jamaica with 1.97 million shares for 11 percent of the day’s volume.
The market closed with average of 601,257 units valued at an average of $5,041,577 for each security traded. In contrast to 525,723 units for an average of $6,363,108 on Thursday. The average volume and value for the month to date amounts to 1,167,747 shares valued at $14,394,134 changing hands, compared to 1,201,668 shares valued at $14,989,839 for each security traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 3 with lower offers.
In the main market activity, Barita Investments dropped $1 to end at $72, in trading 28,198 shares, Eppley traded 13,330 shares and lost 45 cents to close at $16.75, Grace Kennedy climbed $1.98 in trading 8,910 units, to end at $72, Jamaica Broilers traded 48,378 shares and rose 24 cents to end at $33. Jamaica Stock Exchange climbed $3 trading 44,242 units to end at a 52 weeks closing high of $38, JMMB Group slipped 49 cents to end at $53 with an exchange of 64,292 shares. Kingston Wharves traded 1,728 shares and gained $1.10 to $68, Mayberry Investments gained 25 cents trading 41,370 shares at $8.50, NCB Financial rose with a gain of $3 in exchanging 66,354 shares and ended trading at an all-time closing high of $215, PanJam Investment rose 49 cents in trading 576,609 stock units at $95. Portland JSX lost 75 cents, trading 7,800 shares to close at $7.60, Sagicor Group traded 126,854 shares after rising $1.50 in closing at $53.50, Sagicor Real Estate Fund rose $1 trading 22,921 stock units to end at $11, Scotia Group exchanged 7,019 shares with a loss of $1.48 to end at $56.02. Supreme Ventures lost 90 cents in trading 61,281 in closing at $27 and Wisynco Group climbed $1 in trading 174,156 shares to end at $21.
Trading in the US securities market resulted in 53,190 units valued $23,781 changing hands. Market activity ended with JMMB Group 5.75% preference shares traded 6,210 units at US$2, Proven Investments traded 41,810 shares to close at 25.7 US cents and Sygnus Credit Investments closed with 5,170 units changing hands at 11.99 US cents. The JSE USD Equities Index fell 0.07 points and closed at 192.06.
JSE main market pulls back – Thursday
The Jamaica Stock Exchange main market fresh from record close on Wednesday, pulled back sharply on Thursday with greater volume and value trading than the prior day.
The JSE All Jamaican Composite Index dived 5,046.94 points to close 541,516.79, the JSE Index dropped 4,586.34 points to 493,085.59 and the JSE Financial Index slipped 1.31 points in closing at 133.15.
Market activity resulted in 33 securities trading in the main and US dollar markets, leading to 15 securities advancing, 10 declining and 8 trading firm, compared to 32 securities trading on Wednesday. Trading ended with 16,823,129 units amounting to $203,619,459 compared to 10,907,156 units valued $142,771,368 changing hands on Wednesday.
Wigton Windfarm led trading with 7.5 million shares for 45 percent of total main market volume, Carreras followed with 4.7 million stock units for 28 percent of total volume and Scotia Group with 1 million shares for 6 percent of the day’s volume.
The market closed with average of 525,723 units valued at an average of $6,363,108 for each security traded. In contrast to 340,849 units for an average of $4,461,605 on Wednesday. The average volume and value for the month to date is 1,201,668 shares amounting to $14,989,839 changing hands, compared to 1,247,788 shares valued at $15,618,666 for each security traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
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 3 with lower offers.
In the main market activity, Barita Investments dropped $1 to end at $73, in trading 83,128 shares, Caribbean Cement traded 11,813 shares with a rise of 50 cents to close at $80, Grace Kennedy dropped $2.48 trading 166,341 units, to end at $70.02, Jamaica Broilers traded 40,015 shares with a loss of $1.19 to end at $32.76. Jamaica Producers exchanged 4,504 stock units and rose $1.35 to close at $28, Jamaica Stock Exchange climbed $2 trading 66,776 units to end at $35, JMMB Group gained $1.49 to end at $53.49 with an exchange of 381,781 shares. Kingston Wharves traded 23,121 shares but fell $3.08 to $66.90, NCB Financial rose with a gain of $2 in exchanging 40,509 shares and ended trading at a an all-time closing high of $212, PanJam Investment lost 59 cents in trading 297,401 stock units at $94.51, Proven Investments dropped $4.98, trading 22,508 shares to close at $36.02. Sagicor Real Estate Fund dropped $1.80 trading 432,330 stock units to end at $10, Scotia Group exchanged 1,021,874 shares to add 35 cents and ended at $57.50, Seprod rose 90 cents to close at $46 while trading 12,835 shares, Sygnus Credit Investments gained 50 cents to $15, in trading 31,183 units and Wisynco Group traded 350,290 shares to gain 45 cents and ended at $20.
Trading in the US securities market resulted in 8,173 units valued US$2,100 changing hands. Market activity ended with Proven Investments being the sole stock trading in the sector to close at 25.7 US cents. The JSE USD Equities Index closed unchanged at 192.13.
Record close for JSE main market – Wednesday
Investors pushed the Jamaica Stock Exchange to a new record close on Wednesday, as NCB Financial traded as high as $219.99 and the All Jamaican Composite Index crossed the 550,000 mark during the day.
The JSE All Jamaican Composite Index jumped 7,926.92 points to close 546,563.73, the JSE Index climbed 7,203.49 points to a record close of 497,671.93 and the JSE Financial Index rose 2.43 points in closing at 134.46 points.
In the morning session, the JSE All Jamaican Composite Index leaped 12,035.55 points to a record high of 550,672.36, the JSE Index jumped 10,937 points to a record of 501,405.60.
Market activity resulted in 32 securities trading in the main and US dollar markets, leading to 17 securities advancing, 12 declining and 6 trading firm, compared to 37 securities trading on Tuesday. Trading ended with 10,907,156 units valued $142,771,368 compared to 21,525,203 units valued$799,361,615 changing hands on Tuesday. Wigton Windfarm dominated trading with just 4.3 million shares for 40 percent of total main market volume, well down on the usually large volume, the stock traded at for most of the days since it listed in April. 1834 Investments followed with 1.7 million stock units for 16 percent of total volume and Supreme Ventures with 1.2 million shares for 11 percent of the day’s volume.
The market closed with average of 340,849 units valued at an average of $4,461,605 for each security traded, in contrast to 615,006 units for an average of $22,838,903 on Tuesday. The average volume and value for the month to date amounts to 1,247,788 shares valued at $15,618,666 changing hands, compared to 1,314,200 shares at $16,495,880 for each security traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
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 lower offers.
In the main market activity, Barita Investments dropped $1 to end at $74, in trading 9,039 shares, Caribbean Cement traded 24,264 shares with a rise of 49 cents to close at $79.50, Eppley exchanged 3,650 shares and gained $1.25 to end at $17.25, Grace Kennedy gained $2.49 in trading 4,120 units, to end at $72.50. Jamaica Broilers traded 33,388 shares and gained $1.20 to end at $33.95, Jamaica Producers exchanged 105,258 stock units but lost 85 cents to close at $26.65, Jamaica Stock Exchange lost $1.50 in trading 81,966 units to end at $33, JMMB Group lost $1.50 to end at $52 with an exchange of 86,345 shares. PanJam Investment rose 59 cents in trading 164,175 stock units at $95.10, Proven Investments jumped $4.95, trading 23,895 shares to close at a record high of $41, Sagicor Group dropped $2.49 trading 137,078 stock units to end at $52. Seprod rose 90 cents to close at $46 while trading 12,835 shares and Supreme Ventures added $1.85 to close at $27.85 in trading with 1,209,059 shares and Sygnus Credit Investments lost 62 cents to $14.50, in trading 10,000 units.
Trading in the US securities market resulted in 1,062,929 units valued at over US$158,026 changing hands. Market activity ended with JMMB Group 6% preference share rose 4 cents in trading 84,469 units at $1.04, Proven Investments traded 21,865 shares to close at 25.7 US cents and Sygnus Credit Investments lost 0.04 cents to 11.99 US cents, in trading 1,480 units. The JSE USD Equities Index closed unchanged at 192.13.
New record for JSE main market – Tuesday
Investors pushed the Jamaica Stock Exchange to a new record close on Tuesday, as trading levels remained elevated, with 35 securities changing hands in the main market as two stocks closed at record highs.
The JSE All Jamaican Composite Index jumped 3,818.78 points to end at a record close of 538,636.81, the JSE Index climbed 3,470.27 points to close at record of 490,468.44 and The JSE Financial Index rose 0.57 points in closing at 132.03.
Market activity resulted in 37 securities trading in the main and US dollar markets, leading to 15 securities advancing, 13 declining and 9 trading firm, compared to 36 securities trading on Monday. Trading ended with 21,525,203 units valued $799,361,615, compared to 107,625,972 units valued $2,479,735,496 changing hands on Monday.
Wigton Windfarm led trading with 9.55 million shares for 44 percent of total main market volume, followed by PanJam Investment with 4.3 million stock units for 20 percent of total volume and JMMB Group with 2.6 million shares for 12 percent of the day’s volume. Also trading good volumes were Scotia Group with 2,063,886 shares and Proven Investments that ended at record close and exchanged 2,060,886 shares in the main market. NCB Financial also ended trading at a record close.
The market closed with average of 615,006 units valued at $22,838,903 for each security traded, in contrast to 3,363,312 units valued at $77,491,734 on Monday. The average volume and value for the month to date amounts to 1,314,200 shares valued at $16,495,880 changing hands, compared 1,375,075 shares valued at $15,899,090 for each securities traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 4 with lower offers.
In the main market activity, Barita Investments dropped $3.89 to end at $75, in trading 27,385 shares, Berger Paints traded 35,880 shares with a rise of 80 cents to close at $18.95, Eppley exchanged 250,000 shares and gained 50 cents to end at $16, Grace Kennedy gained $1 trading 85,826 units, to end at $70.01. JMMB Group lost 50 cents to end at $53.50, with an exchange of 2,599,899 shares, Kingston Wharves recovered the $4.16 it lost on Monday, to end trading of 2,200 shares at $70. NCB Financial jumped $9.98 to a new record high of $210 in trading 224,931 units, PanJam Investment declined $2.99 in trading 4,319,799 stock units at $94.51, Sagicor Group rose 49 cents trading 24,809 stock units to end at $54.49. Sagicor Real Estate Fund exchanged 33,700 and gained 64 cents to close at $11.64, Salada Foods climbed $1 to end at $36 in trading 200 shares, Seprod lost $1.85 to close at $45.10 while trading 19,637 shares and Supreme Ventures fell back $2 and ended trading with 31,680 shares to close at $26.
Trading in the US securities market resulted in 1,062,929 units valued at over US$158,026 changing hands. Market activity ended with Proven Investments added 0.7 cent, in trading 2,460 shares to close at 25.7 US cents and Sygnus Credit Investments lost 0.5 cents to 11.95 US cents, in trading 40,450 units. The JSE USD Equities Index advanced by 3.68 points to close at 192.13.
JSE main market pulls back – Monday
Trading ended with the JSE All Jamaican Composite Index dropped 3,105.25 points to close at 534,818.03, the JSE Index declined 2,821.86 points to close at 486,998.17 and The JSE Financial Index lost 0.85 points in closing at 131.46 points.
Market activity resulted in 36 securities trading in the main and US dollar markets and leading to 12 securities advancing, 13 declining and 11 trading firm, compared to 37 securities trading on Friday. Trading ended with 107,625,972 units valued $2,479,735,496 compared to 21,073,881 units valued $137,343,684 changing hands.
Supreme Ventures dominated trading with 93.84 million shares for 87 percent of total main market volume, followed by Wigton Windfarm with 10.3 million stock units for 10 percent of total volume and Scotia Group with 912,713 shares for just under one percent of the day’s volume.
The market closed with average of 3,363,312 units valued at $77,491,734 for each security traded, in contrast to 619,820 units valued at $4,039,520 on Friday. The average volume and value for the month to date amounts to 1,375,075 shares valued at $15,899,090 changing hands, compared 1,203,120 shares valued at $10,102,136 for each securities traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 4 with lower offers.
In the main market activity, Barita Investments lost $4.11 to end at $78.89, in trading 123,826 shares, Grace Kennedy dropped 99 cents in trading 65,979 units, to end at $69.01, JMMB Group added $1 to end at $54, with 83,968 shares trading, Kingston Wharves lost $4.16 to end trading of 11,134 shares at $65.84. NCB Financial dropped 25 trading 77,186 units to end at $200.02, PanJam Investment declined by $1.50 in trading 37,499 stock units at $97.50, Sagicor Group lost 50 cents trading 169,100 stock units to end at $54. Salada Foods climbed $1.50 to end at $35 in trading 25,000 shares, Supreme Ventures rose $2 and ended trading with 93,843,191 shares to close at $28, Sygnus Credit Investments lost 77 cents to close at $15 while trading 53,303 shares and Wisynco Group exchanged 112,712 shares and gained 35 cents to close at $19.95.
Trading in the US securities market resulted in 1,062,929 units valued at over US$158,026 changing hands. Market activity ended with JMMB Group 6% preference share trading 9,300 units to end at US$1, Proven Investments added 0.7 cent, in trading 225,150 shares to close at 25.70 US cents, Sterling Investments traded 5,000 shares with a rise of 0.03 cent to 0.4 US cents and Sygnus Credit Investments with a rise of 2 cents to 12.49 US cents, in trading 823,479 units. The JSE USD Equities Index declined by 1.51 points to close at 188.45.
New record close for JSE majors – Friday
Barita Investments jumped another $14 on Friday on top of the $12 it climbed on Thursday to closed a new record high of $83 as it contributed to the record close for the Jamaica Stock Exchange at main market.
Barita gained a stunning 84 percent since Thursday last week, after the company announced they were the consideration of another rights issue and reported blockbuster profits.
Trading ended with the JSE All Jamaican Composite Index surged 7,505.41 points to record close at 537,923.28 and the JSE Index 6,820.45 points to record close at 489,820.03. The JSE Financial Index added 2.78 points in closing at 132.31 points.
Market activity resulted in 37 securities trading in the main and US dollar markets and leading to 18 securities advancing, 16 declining and 3 trading firm, this compares to 36 securities on Thursday. Trading ended with 21,073,881 units valued $137,343,684 compared to 40,555,987 units valued at $630,491,986 changing hands.
Wigton Windfarm led trading with 14.5 million shares for 69 percent of total main market volume, followed by JMMB Group 7.25% preference share with 2.3 million stock units for 11 percent of total volume and Supreme Ventures with 1.65 million shares for 8 percent of the day’s volume.
The market closed with average of 619,820 units valued at $4,039,520 for each security traded, in contrast to 1,228,969 units valued at $19,105,818 on Thursday. The average volume and value for the month to date amounts to 1,203,120 shares valued at $10,102,136 changing hands, compared 1,262,144 shares valued at $10,775,760 for each securities traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 4 with lower offers.
In the main market activity, Barita Investments surged $14 to end at a 52 weeks’ high of $83, with 11,864 stock units trading, Berger Paints lost 35 cents in the trading of 17,260 shares to close at $18, Caribbean Cement shed $1 to end trading of 5,270 shares at $78. Grace Kennedy dropped $3.97 trading 4,408 units, to end at $70, Jamaica Producers rose 50 cents in trading 126,136 shares to close at $27.50, JMMB Group declined $1 to end at a record close of $53, with 76,921 shares trading, Kingston Wharves lost $1 to end trading of 1,545 shares at $70. Mayberry Jamaican Equities rose 30 cents to close at $11.50 with 102,391 shares changing hands, NCB Financial dropped $4.73 trading 85,663 units to end at $200.27, PanJam Investment gained 50 cents and ended trading with 9,100 stock units at $99, Sagicor Group rose 26 cents trading 341,009 stock units to end at $54.50. Sagicor Real Fund climbed 98 cents to end trading with 17,391 units at $11, Salada Foods rose 50 to end at $33.50 in trading 10,000 shares, Scotia Group exchanged 107,923 shares but fell 50 cents to close at $57. Seprod lost 95 cents and settled at $47 in exchanging 20,450 shares and Supreme Ventures lost $2 and ended trading with 1,645,858 shares to close at $26.
Trading in the US securities market resulted in 95,243 units valued at US$47,506 changing hands. Market activity ended with JMMB Group 6% preference share with 41,992 units trading to end with a loss of 2 cents at US$1, Proven Investments added 0.69 cent trading 151 shares to close at 25.70 US cents and Sygnus Credit Investments with a rise of 0.02 cent to 10.5 US cents, in trading 53,100 units. The JSE USD Equities Index inched 2.47 points higher to 189.96.
Big price gains for JSE stocks – Thursday
Barita Investments jumped $12 to a new record high, to lead a pack of stocks that jumped sharply on the Jamaica Stock Exchange at the close on Thursday, with the market ending with an overall gain.
Barita gained 53 percent since a week ago since the company announced that they were considering a rights issue and announced blockbuster profits. The move drove supply out of the market leaving only three offers at the close, with 230 units at $74, 2,800 shares at $85 and 2 million at $90. Other stocks with sharp gains are Eppley rising $2.49, Grace Kennedy up $5.97 to end at a closing record high, JMMB Group rising $5 to end at a closing all-time high, Kingston Wharves with a gain of $5.16 and NCB Financial pushed higher by $5 to end at a closing all-time high and Wigton Windfarm traded at a new all-time high.
Trading ended with the JSE All Jamaican Composite Index advanced by 2,296.18 points to close at 530,417.87 and the JSE Index rose 2,086.63 points to close of 482,999.58. The JSE Financial Index added 0.52 points in closing at 129.53 points.
Market activity resulted in 36 securities trading in the main and US dollar markets and leading to 14 securities advancing, 13 declining and 9 trading firm, this compares to 38 securities on Wednesday. Trading ended with 40,555,987 units valued at $630,491,986 compared to 73,123,480 units valued at $311,695,529 changing hands.
Wigton Windfarm led trading with 27.4 million shares for 68 percent of total main market volume, as the stock traded at a new intraday high of $1.01. Sagicor Group ended with 8 million stock units for 20 percent of total volume and Jamaica Broilers with 3.4 million shares for 8 percent of the day’s volume.
The market closed with average of 1,228,969 units valued at $19,105,818 for each security traded, in contrast to 2,089,242 units valued at an average of $8,905,587 on Tuesday. The average volume and value for the month to date amounts to 1,262,144 shares valued at $10,775,760 changing hands, compared 1,265,757 shares valued at $9,768,829 for each securities traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 5 with lower offers.
In the main market activity, Barita Investments surged $12 to end at a 52 weeks’ high of $69, with 16,658 stock units trading, Berger Paints lost 60 cents in the trading of 3,436 shares to close at $18.35, Caribbean Cement gained $1 to end trading of 2,561 shares at $79, Eppley climbed $2.49 to $15.49, in exchanging 4,000 stock units. Grace Kennedy jumped $5.97 trading 63,206 units to end at a 52 weeks’ closing high of $73.97. Jamaica Producers rose 40 cents in trading 20,340 shares to close at $27, JMMB Group leaped $5 to end at a record close of $54, with 327,606 shares trading, Kingston Wharves jumped $5.16 and ended trading 18,850 shares at $71, Mayberry Jamaican Equities lost 40 cents to close at $11.20 with 105,483 shares changing hands. NCB Financial rose $5 trading 45,909 shares to end at a record closing high at $205, PanJam Investment lost 32 cents and ended trading with 13,455 stock units at $98.50, Sagicor Group lost $1.04 trading 8,078,497 stock units to end at $54.76. Sagicor Real Fund fell 73 cents to end trading with 17,697 units at $10.02, Seprod lost 95 cents and settled at $47 in exchanging 20,450 shares, Supreme Ventures rose 49 cents and ended trading of 28,030 shares to close at $28 and Wisynco Group gained 41 cents to settle at $19.50, with 200,051 stock units changing hands.
Trading in the US securities market resulted in 361,148 units valued US$59,364 changing hands. Market activity ended with JMMB Group 5.75% preference share with 11,248 units trading to end at US$2, Proven Investments lost 0.7 cent trading 5,600 shares to close at 25.01 US cents and Sygnus Credit Investments rose 0.03 cent to 10.3 US cents, in trading 344,300 units. The JSE USD Equities Index inched 0.34 points higher to 187.49.
JSE main market drops – Wednesday
NCB Financial pushed higher by $5 to close at $200 after trading briefly at $204.99 during the day but the move higher could not prevent the overall market losing altitude and closed lower on Wednesday.
Trading ended with the JSE All Jamaican Composite Index declined 2,871.43 points to close at 528,121.69 and the JSE Index lost 2,609.37 points to record close of 480,912.95. The JSE Financial Index lost 1.08 points in closing at 129.01 points.
Market activity resulted in 38 securities trading in the main and US dollar markets and leading to 17 securities advancing, 16 declining and 5 trading firm. Barita Investments, Jamaica Stock Exchange and Proven Investments traded in the main market at 52 weeks’ high. Trading ended with 73,123,480 units valued at $311,695,529 compared to 32,848,536 units valued $123,106,978 changing hands, from 38 securities on Tuesday.
Wigton Windfarm led trading with 59.4 million shares for 81 percent of total main market volume, followed by Eppley with 9.6 million stock units for 13 percent of total volume and Stanley Motta with 760,000 shares for 1 percent of the day’s volume.
The market closed with average of 2,089,242 units valued at an average of $8,905,587 for each security traded, in contrast to 938,530 units valued at an average of $3,517,342 on Tuesday. The average volume and value for the month to date amounts to 1,265,757 shares valued at $9,768,829 changing hands, compared 1,158,213 shares valued at $9,895,777 for each securities traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
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 4 with lower offers.
In the main market activity, Barita Investments gained $2 to end at a 52 weeks’ high of $57, with 269,002 stock units trading, Caribbean Cement lost 99 cents and ended trading 49,452 shares at $79, Eppley dropped $3 to $13, in exchanging 9,631,915 stock units. Grace Kennedy dropped $2 trading 121,948 units at $68. Jamaica Stock Exchange gained $4 to close at an all-time high of $35, with an exchange of 34,939 stock units, JMMB Group lost $1 and ended at $49, with 246,537 shares trading, Kingston Wharves lost $3.16 and ended trading 15,578 shares at $65.84, NCB Financial rose $5 trading 74,150 shares to close at $200. 138 Student Living lost 80 cents and ended trading with 15,000 stock units at $3.60, Proven Investments rose $1 in traded 100 units to close at a record high of $36, ,Salada Foods fell 95 cents to end at $33.00, with 5,750 shares trading, Sagicor Group lost $1.69 trading 505,408 stock units to end at $55.80. Sagicor Real Fund rose $1.05 and ended trading at $10.75, with 162,498 units, Seprod rose $1.05 and settled at $47.95 in exchanging 109,390 shares Sterling Investments lost 30 cents and ended trading of 35,650 shares to close at $3.40 and Wisynco Group gained 58 cents to settle at $19.09, with 396,437 stock units changing hands.
Trading in the US securities market resulted in 300,235 units valued US$45,290 units changing hands. Market activity ended with JMMB Group 6% preference share with 2,000 units trading with a loss of 2 cents to end at US$1.02, Proven Investments gained 0.7 cent trading 129,551 shares to close at 25.7 US cents and Sygnus Credit Investments with a loss of one cent to 10 US cents, in trading 13,480 units. The JSE USD Equities Index inched 0.16 points lower to 187.15.
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