The Jamaica Stock Exchange had one of its largest fall with the JSE All Jamaican Composite Index dropping 10,996.27 points to 422,043.60 and the JSE Index nosediving 10,018.84 points to close at 384,529.46 at the close.
Earlier in trading the market had slipped appreciably but dived in the last few minutes of trading with NCB Financial trading at $150 before moving back to last trade at $159 and Sagicor Group down to $140 but last traded at $144. The Junior Market inched higher by 2.46 points.
Scotia Group reported poor final quarter profit and that could weight on the market on Friday.
Sharp drop in JSE Indices
December 6, 2018 by
Modest trading in JSE main market – Wednesday
December 5, 2018 by
Barita ended on the JSE at a record close of $31.01.
The main market of the Jamaica Stock Exchange, made modest gains at the close of trading on Wednesday resulting from the JSE All Jamaican Composite Index advancing 51.12 points to 433,039.87 and the JSE Index gaining 46.57 points to close at 394,548.30.
At the end, 28 securities changed hands in the main and US dollar markets with prices of 14 stocks rising, 11 declining and 6 remaining unchanged compared to 31 securities trading on Tuesday.
Barita Investments ended trading at a record close of $31.01.
The main market ended with 4,455,571 units valued at $87,653,782 changing hands, compared with just 4,732,702 units valued at $78,353,687 that were exchanged on Tuesday.
The main market ended with Victoria Mutual Investments leading with 1,246,476 units, accounting for 28 percent of the day’s trades, followed by JMMB Group 7.25% preference share with 989,957 units or 22 percent of the day’s volume and Wisynco Group with 447,047 units with 10 percent of the 
day’s trades.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 5 stocks ending with bids higher than the last selling prices and 4 closing with lower offers.
Trading resulted in an average of 171,368 units valued at over $3,371,299, in contrast to 157,757 shares valued at $2,611,790 on Tuesday. The average volume and value for the month to date amounts to 123,855 units with a value of $2,354,261 compared to 101,394 units valued at $1,873,480, previously. November closed, with an average of 405,528 valued at $7,755,942, for each security traded.
In main market activity, Barita Investments jumped $2.01 to end at a record close of $$31.01, with 17,647 shares changing hands, Caribbean Cement jumped $6 and finished trading 9,130 shares at $50, Jamaica Broilers fell 25 cents trading 26,439 stock units at $29.75. Jamaica Stock Exchange dropped $1.60 to $8.40, trading 337,162 shares, Kingston Wharves fell $1.60 to 
$75.70, with 28,919 stock units changing hands. Mayberry Investments declined by 38 cents trading 50,012 shares in closing at $9.60, Mayberry Equities jumped $1.29 cents trading 50,012 shares in closing at $10.50, NCB Financial Group shed $2.49 to end trading of 185,214 shares at $157.01, PanJam Investment dropped $2.90 to $65.10, with an exchange of 342,886 stock units, Sagicor Group fell $1.05 to finish trading of 46,813 shares at $47.50, Scotia Group traded 8,700 shares and rose $1 to close at $59 and Seprod rose $1 in trading of 158,334 shares, to close at $33.
Trading in the US dollar market amounted to 107,117 units valued at $22,155 as Proven Investments ended trading 103,717 at 21 US cents and Sygnus Credit Investments US dollar based ordinary share traded 3,400 units at 11 US cents. The JSE USD Equities Index closed with a rise of 1.11 points to close at 167.36.
JSE marked time in trading on Tuesday
December 4, 2018 by
Barita ended on the JSE at a record close of $29.
The main market of the Jamaica Stock Exchange, made gains at the close of trading on Tuesday resulting in the JSE All Jamaican Composite Index advancing by 116.66 points to close at 432,988.75 and the JSE index rising 106.29 points to 394,501.73.
At the end, 31 securities cahnged hands in the main and US dollar markets with prices of 14 stocks rosing, 11 declining and 6 remaining unchanged. Barita Investments ended at a record close and Salada Foods traded at an intraday high at $30.The main market ended with 4,732,702 units valued at $78,353,687 changing hands, compared with just 843,989 units valued at $24,687,711 that were exchanged on Monday.
Wisynco Group lead trading with 2,609,218 units, accounting fo
r 55 percent of the day’s trades, followed by Stanley Motta with 509,500 units or 10.8 percent of the day’s volume and Victoria Mutual Investments with 230,707 units with 4.9 percent of the day’s trades.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and 2 closing with lower offers.
Trading resulted in an average of 157,757 units valued at over $2,611,790, in contrast to 33,760 shares valued at $987,508 on Monday. The average volume and value for the month to date amounts to 101,394 units valued at $1,873,480. November closed, with an average of 405,528 valued at $7,755,942, for each security traded.
In main market activity, Barita Investments rose $1.50 to end at a record close of $29, with 5,515 shares changing hands, Caribbean Cement fell 95 cents and finished trading of 37,015 shares at $44, Grace Kennedy climbed $1.50 in trading of 93,277 shares at $58, Jamaica Broilers fell 55 cents trading 25,312 stock units at $30. Jamaica Stock Exchange climbed $1 to $10, trading 142,593 shares, Kingston Wharves rose $4 to $77, with 4,216 stock units changing hands. Mayberry Investments rose 41 cents trading 171,927 shares in closing at $9.98, NCB Financial Group gained 
$2.50 to end trading of 96,175 shares at $159.50, PanJam Investment dropped $2 to $68, with an exchange of 57,080 stock units, Palace Amusement gained $150 to $1,450, with 100 shares trading, Portland JSX rose 49 cents and ended at $7.50, with 638 units changing hands, Sagicor Group fell 95 cents to finish trading of 97,063 shares at $48.55, Sagicor Real Estate Fund fell 75 cents and settled at $11.10, with 14,650 shares. Scotia Group traded 55,696 shares and rose $1 to close at $58, Seprod fell 40 cents in trading of 86,259 shares, to close at $32 and Sygnus Credit Investments fell 35 cents to close at $10.65 trading 53,395 shares.
Trading in the US dollar market amounted to 72,343 units valued at $14,988 as Proven Investments ended trading at 21 US cents. The JSE USD Equities Index closed with a fall of 2.30 points to close at 166.25.
JSE fails to hang on to record – Monday
December 3, 2018 by
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The main market of the Jamaica Stock Exchange, surged to a new record high in early morning trading after just 7 minutes of the opening with the JSE All Jamaican Composite Index rising 5,319.88 to a record 435,784.80 points and briefly moved higher to more than 435,900 points before pulling back, at the close the index put on 2,407.17 points to 432,872.09.
The JSE index climbed 4,847.01 points to a record of 397,049.24 after 7 minutes of trading pulled back at the close but still put on 2,589.66 points to close at 392,202.23.
Market activity resulted in 3 securities trading at record highs but ended with 2 securities closing at record highs and one closing at 52 weeks’ ow, as 26 securities in the main and US dollar markets changed hands, compared to a 31 on Friday. At the end, prices of just 6 stocks rose, 15 declined and 5 remained unchanged.
The main market ended with just 843,989 units valued at $24,687,711 changing hands, compared with 12,946,386 units valued at $522,988,358 that were exchanged on Friday.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 7 stocks ending with bids higher than the last selling prices and 2 closing with lower offers.
Trading resulted in an average of 33,760 units valued at over $987,508, in contrast to 446,427 shares valued at $18,034,081 on Friday. November closed, with an average of 405,528 valued at $7,755,942, for each security traded.
In main market activity, Barita Investments fell 50 cents to close of $27.50 after trading at new in intraday record high of $31, with 19,020 shares changing hands, Caribbean Cement climbed $1.45 and finished trading of 2,755 shares at $44.95, Carreras concluded trading of 103,177 units at $9.10 
after falling 40 cents, Grace Kennedy dropped $1.50 in trading of 34,081 shares at $56.50, Jamaica Stock Exchange fell 63 cents and closed at $9, trading 19,650 shares, Kingston Wharves fell $2.79 to $73, with 6,817 stock units changing hands. Mayberry Jamaica Equities lost 85 cents trading 7,993 shares in closing at $9.15, NCB Financial Group declined by $2.05 to end trading of 66,427 shares at $157, PanJam Investment dropped $4 to $70, with an exchange of 13,890 stock units, Sagicor Group fell 50 cents to finish trading of 57,553 shares at $49.50, Scotia Group traded 14,660 shares and rose $2 to close at $57, Seprod added $2.40 trading of 27,970 shares, to close at $32.40.
Trading in the US dollar market amounted to 40,224 units valued at over $8,569 as Proven Investments lost 1 cent and ended trading at 21 US cents. The JSE USD Equities Index closed with a rise of 0.87 points to close at 168.55.
Most JSE stocks rise indices dip Friday
November 30, 2018 by
The main market of the Jamaica Stock Exchange, took a break from record making runs with the All Jamaica Index closed a fall of 2,842.30 points to 430,464.92 and the JSE Index declined by 2,589.66 points to close at 392,202.23.
Market activity resulted in 3 securities trading at record highs but ended with 2 securities closing at record highs and one closing at 52 weeks’ low, as 31 securities in the main and US dollar markets changed hands, compared to a 35 on Thursday. At the end, prices of 16 stocks rose, 7 declined and 8 remained unchanged.
The main market ended with 12,946,386 units valued at $522,988,358 changing hands, compared with 9,092,070 units valued at $158,769,688 exchanged, on Thursday.
The main market ended with Jamaica Broilers leading with 8,048,990 units, accounting for 62 percent of the day’s trades, followed by Wisynco Group with 1,699,655 units or 13 percent of the day’s volume and NCB Financial with 1,409,918 units with 10 percent of the day’s trades.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than the last selling prices and 3 closing with lower offers.
Trading resulted in an average of 446,427 units valued at over $18,034,081, in contrast to 284,127 shares valued at $4,961,553 on Thursday. The average volume and value for the month to date, amounts to 405,528 valued at $7,755,942, compared to 403,611 valued at $7,228,391 previously. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In main market activity, Barita Investments rose $3.99 to a record close of $28, trading 2,000 shares, Grace Kennedy climbed $3 in trading of 36,609 shares at $58, Jamaica Broilers gained 55 cents, trading 8,048,990 stock units at $30.55, Jamaica Producers rose 41 cents and finished trading 27,898 units, at $24.51, JMMB Group jumped $2.49 to end at $35, trading 96,088 shares, Mayberry Jamaica Equities jumped 98 cents trading 42,500 
shares in closing at $10, NCB Financial Group lost 95 cents to end trading at $159.05 with 1,409,918 shares, PanJam Investment jumped $2.50 to a record $74, with an exchange of 113,647 stock units, Portland JSX lost 79 cents and ended at 52 weeks’ low of $7.01, exchanging 7,642 units, Sagicor Real Estate Fund gained 30 cents to settle at $11.80, exchanging 26,427 shares, Scotia Group traded 71,726 shares and shed $3 to close at $55, Seprod dropped $2.50 trading of 234,387 shares, to close at $30, Sterling Investments rose 30 cents and closed at $5, with 21,174 shares changing hands, Supreme Ventures fell $1.39 to end at $16.95, with an exchange of 60,986 shares and Sygnus Credit Investments gained 44 cents in trading 67,625 units.
Trading in the US dollar market amounted to 44,122 units valued at $8,705 as Proven Investments rose 2 cents and ended trading of 38,222 shares at 22 US cents and Sygnus Credit Investments US dollar based ordinary share traded 5,900 units at 11 US cents. The JSE USD Equities Index closed with a rise of 1.47 to close at 167.68.
JSE jumps 14,819 points to record close – Thursday
November 30, 2018 by
The main market of the Jamaica Stock Exchange, surged 14,819.23 points on Thursday, the biggest single one day ever, bettering the increase of 12,549.67 points rise on Wednesday.
Thursday move led the All Jamaica Index to close at a record high of 433,307.22, beating the record close on Wednesday of 418,487.99 and the JSE Index rose 10,027.28 points to close at a record high 381,289.90.
Strong gains in NCB Financial Group up $10.01 to end at a record close of $160, PanJam Investment and Sagicor Group were the main contributor to the market’s record move, on a day when five stocks closed at record highs.
Market activity ended with 5 securities closing at record highs as 35 securities in the main and US dollar markets changed hands, compared to a 27 on Wednesday. At the end, prices of 13 stocks rose, 11 declined and 11 remained unchanged.
The main market ended with 9,092,070 units valued at over $158,769,688 changing hands, compared with 62,089,588 units valued at over $136,855,615 exchanged, on Wednesday.
The main market ended with Supreme Ventures leading with 3,003,893 units, accounting for 33 percent of the day’s trades, followed by Mayberry Jamaica Equities with 1,516,695 units or 16.7 percent of the day’s volume and JMMB Group with 1,064,094 units with 11.7 percent of the day’s trades.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than the last selling prices and 3 closing with lower offers.
Trading resulted in an average of 284,127 units valued at over $4,961,553, in contrast to 2,299,614 shares valued at $5,068,726 on Wednesday. The average volume and value for the month to date, amounts to 403,611 valued at $7,228,391, compared to 410,125 valued at $7,009,413. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In main market activity, Barita Investments rose $1.01 to a record close of $24.01, trading 1,000 shares, Carreras gained 45 cents and concluded trading of 60,911 units at $9.50, Grace Kennedy declined $3 in trading of 37,477 shares at $55, Jamaica Broilers gained $1, trading 116,853 stock units at $30, Kingston Wharves dropped $2.21 in trading 799 shares to end at $75.79. NCB Financial Group jumped $10.01 to end trading at record close of $160 with 103,510 shares, Palace Amusement jumped $300 to finish trading 100 shares at $1,300.00, PanJam Investment jumped $1.50 to $71.50, with an exchange of 38,300 stock units, Sagicor Group rose $4.99 trading 398,452 shares at $50, Sagicor Real Estate Fund fell 40 cents to settle at $11.50, exchanging 11,315 shares. Salada Foods climbed $3.50 to end trading of 1,000 stock units at record high of $29.00, Scotia Group traded 41,371 shares and shed $1 to close at $58, Seprod added 50 cents trading of 27,408 shares, to close at $32.50, Sterling Investments rose 60 cents and closed at $4.70, with 200 shares changing hands and Supreme Ventures fell $1.39 to end at $15.60, with an exchange of 3,003,893 shares.
Trading in the US dollar market amounted to 65,958 units valued at $15,630 as JMMB Group 6% preference share close trading with 1,000 units to close at US$1.05 and Proven Investments rose 1 cent and ended trading of 20,758 shares at 20 U$ cents and Sygnus Credit Investments US dollar based ordinary share dropped 2 cents in trading 44,200 units at 11 US cents. The JSE USD Equities Index closed with a rise of 6.77 to close at 166.21.
All Jamaica hits record 433,000 points
November 29, 2018 by
NCB trade at a record high of $160.
The market opened up at the start of trading with gains of 1,433.80 points for the all Jamaica and 1,306.36 for the JSE index.
The opening high follows Wednesday’s trading when the JSE All Jamaican Composite Index closed at a new all-time high of 418,487.99 and JSE Index ended at 381,289.90.
Barita Investments traded at a new high of $24.01 to more than double in value for the year so far, PanJam Investment traded at $72, Sagicor Group at $51.95 haven risen sharply to a record high, but the bid is at $55 to buy 49,301 shares, Scotia Group trades at $60 and Seprod at $33.65.
The junior market continues under some selling pressure is not sharing in the strong gains of the more matured companies and declined by 20.08 points to 3,158.36.
All Jamaica hits record 427,000 points
November 29, 2018 by
The main market of the Jamaica Stock Exchange, has scaled several new highs this trading on Thursday morning on its record run that resulted in the JSE All Jamaican Composite Index hitting a record high of 426,298.79 points after rising 7,810.80 and the JSE index gaining 7,116.53 to 388,406.43 after just 51 minutes into the trading day.
The All Jamaica Composite Index has since broken the 427,000 points mark. The market opened up at the start of trading with gains of 1,433.80 points for the All Jamaica Composite Index and 1,306.36 for the JSE Index.
The opening high follows Wednesday’s trading when the JSE All Jamaican Composite Index closed at a new all-time high of 418,487.99 and JSE Index ended at 381,289.90.
Barita Investments traded at a new high of $24.01 to more than double for the year so far, NCB Financial now trades at $150 and Sagicor Group at $51.92 haven risen sharply to a record high, Scotia Group trades at $60..
The Junior Market continues under some selling pressure is not sharing in the strong gains of the more matured companies and declined by 8.22 a point to 3,170.22.
All Jamaica hits record 424,461 points
November 29, 2018 by
The main market of the Jamaica Stock Exchange, gained in early trading on Thursday and now trades at a record high of 424,461.33 points after rising 5,973.34 while the JSE index rose 5,442.39 to now sit at 386,732.29 after just 15 minutes into the trading day.
The market opened up at the start of trading with gains of 1,433.80 points for the All Jamaica and 1,306.36 for the JSE Index.
The opening high follows Wednesday’s trading when the JSE All Jamaican Composite Index closed at a new all-time high of 418,487.99 and JSE Index ended at 381,289.90.
Barita Investments traded at a new high of $24 to more than double for the year so far, NCB Financial now traded up to$150 and Sagicor Group at $47.
The Junior Market continues under some selling pressure is not sharing in the strong gains of the more matured companies and declined by less than a point to 3,177.54.
Since posting the stroy the main market has moved higher with Sagicor Group trading at $51.95.
Many more stocks to watch now
November 29, 2018 by
NCB had a good 2018 fiscal year with strong profit gains that boosted interest in the stock.
Jamaica’s largest financial institution, advised the Jamaica Stock Exchange that a connected party sold 2,768,165 of the group’s shares and three directors and a senior manager purchased a total of 2,836,672 shares between November 23 and 26. This development is the clearest signs that the immediate future is extremely bright for the group.
The local stock market is showing major shift in sentiment with the news that Scotia Group is selling off of its insurance arm to Sagicor Group. The announcement drove up the prices of Scotia Group, Sagicor Group and Pan Jamaican that traded at a new high on Wednesday. But NCB continued to scale new highs on each day for the week. NCB has little supply coming onto the market as demand continues to climb.
All the above stocks are now the watch list, but investors must keep watch on Barita Investments that has shot up to a record high of $23 with a bid at $24.01. There is some amount of public chatter about the performance of the company that has encouraged more interest in the stock. The company will benefit from several developments in the financial market, including the impact of the change in
accounting policy that will result in gains or losses in investments whether realized or not going straight to the profit and loss account. With growth in the stock market Barita should benefit in two ways, increased value of the portfolio, for example, 48 million JSE shares owned increasing around $100 million in the December quarter so far but Barita is said to also own shares in NCB that has risen sharply in price for the quarter. The equity linked unit trust will garner more fee income based purely on the fact that the portfolio would have grown based on gains in stock price. The other financial stock to be watched is Key Insurance that has traded over 21 million shares so far with the stock having a bid of $4 to buy over 911,000 shares. The movement in the Key shares seems like the start of an aggressive stance an investor, watch developments in this one keenly. Seprod also seems poised to rise with early selling from the public offer now appearing to be abating.Mayberry Jamaican Equities is yet another to watch as the local stock market moves higher over the next several weeks and it could drag it mother company Mayberry Investments with it.
