Falling JSE stocks beat out gainers

The main market of the Jamaica Stock Exchange suffered moderate losses in the main indices with just over 30 points drop at the close on Thursday as advancing stocks out-paced decliners.
At the close, the All Jamaican Composite Index lost just 38.40 points to close at 337,480.52 and the JSE Index fell a mere 34.99 points to close at 307,482.85.
Trading in the main market ended with 12,872,984 units valued at $191,208,699 compared to 12,872,984 units valued at $191,208,699 on Wednesday.
Market activities resulted in 26 securities trading including 3 in the US dollar market compared to 26 securities trading on Wednesday. At the end of trading, the prices of 11 stocks advanced, 13 declined and 7 closed unchanged.
NCB Financial released third quarter results to June, after the market closed, with net profit attributable to stockholders increasing 40 percent to $20.7 billion, from $5.9 billion in the prior year’s nine months period. The group recorded $4.4 billion in one off gains from the acquisition of the majority shares in Clarien bank in Bermuda.
The day’s volume was led by, PanJam Investment that closed at $52.65, with 2,20,403 stock units, Radio Jamaica with 1,082,403 shares, JMMB Group 7.5% preference share trading 943,000 units, Carreras with 791,670 units and Berger Paints with 600,602 shares.
Stocks with major price changes are, Berger Paints with 600,602 shares changing hands with the price gaining 68 cents to $19.50 Caribbean Cement dropped 99 cents in trading 11,500 shares at $40.01, Carreras with 791,670 units but fell 50 cents to $9, Grace Kennedy lost 93 cents to $52.07, with just 6,600 stock units trading, Jamaica Stock Exchange shed 49 cents and closed trading at $7.50 trading 6,857 shares. JMMB Group 59,948 shares but fell $1.49 to $28.51, Kingston Wharves jumped $2.09 to $52.99 in trading 10,715 units. NCB Financial Group rose 50 cents and ended trading with 17,389 shares at $97, Sagicor Group settled at $38.99, after rising 49 cents in trading 31,626 shares, Sterling Investments rose 98 cents and end at $11.50, with 1,141 units and Supreme Ventures ended at $16, after gaining 90 cents in trading 26,089 shares.
Trading in the US dollar market closed with 328,462 units valued at US$40,221 as Margaritaville rose 0.10 cent and ended at 16.90 US cents with 900 shares and Productivity Business ended trading 6 cents lower to 50 cents with 541 shares, Proven Investments lost 1.09 cents to 17.01 US cents with 72,171 shares trading and Sygnus Credit Investments closed with 254,850 units trading with a decline of 1.5 cents to 10.50 US cents. The JSE USD Equities Index fell  9 points to 142.29.
Trading resulted in an average of 252,649 units valued at an average of $5,757,925 compared to 559,695 units valued at an average of $8,313,422 for each security traded on Wednesday. The average volume and value for the month to date amounts 170,611 units valued at $3,337,283 compared to 165,957 units valued at $3,192,366 on Wednesday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and 3 closing with lower offers.

14 JSE stocks rise 7 fall on Wednesday

The main market of the Jamaica Stock Exchange suffered moderate losses in the main indices with just over 30 points drop at the close on Wednesday as advancing stocks out-paced decliners.
At the close, the All Jamaican Composite Index lost just 38.40 points to close at 337,480.52 and the JSE Index fell a mere 34.99 points to close at 307,482.85.
Trading in the main market ended with 12,872,984 units valued at $191,208,699 compared to 2,446,501 units valued $62,753,272 on Tuesday.
Market activities resulted in 26 securities trading including 3 in the US dollar market compared to 27 securities trading on Tuesday. At the end of trading, the prices of 14 stocks advanced, 7 declined and 5 closed unchanged.
Supreme Ventures released second quarter results after the market closed with lower profit in the second quarter of $432 million from $502 million in the 2017 quarter. For the half year, profit of $1.05 billion was realized versus $920 million in 2017. Quarterly reports are expected from NCB Financial and Caribbean Cement on Thursday but Proven Investments that was also expected to report, will not do so until August.
The day’s volume was led by, Jamaica Broilers with 3,750,148 units and 29.13 percent of the day’s volume, followed by Jamaica Stock Exchange with 2,659,680 units 20.66 percent, Carreras with 2,607,344 units, accounting for 20.25 percent of the day’s volume, Wisynco Group concluded trading with 1,894,754 stock units and Jamaica Producers traded 1,291,459 shares.
Stocks with major price changes are, Caribbean Cement rising $1 and finished trading 24,225 shares at $41, Grace Kennedy jumped $1.24 to $53, with just 100 stock units trading, Jamaica Stock Exchange gained 59 cents and closed trading at $7.99, NCB Financial Group fell 50 cents and ended trading with 20,560 shares at $96.50, PanJam Investment lost 55 cents and closed at $52.45, with 7,553 stock units, Sagicor Group settled at $38.50, after falling 33 cents in trading 9,418 shares, Sagicor Real Estate Fund rose 90 cents and end at $14.95, with 11,661 units. Salada Foods climbed 90 cents, trading 10,000 stock units at $12.50, Scotia Group climbed $1.75 to end at $52.00, in exchanging 9,281 units and Supreme Ventures ended at $15.10, after gaining 59 cents as 240,095 shares traded.
Trading in the US dollar market closed with 45,640 units valued at US$11,330 as JMMB 6% ended with a gain of 2 cents and closed at $1.05 in trading 4,070 stock units, Proven Investments rose 1.1 cent to 18.10 US cents with 33,900 shares trading and Sygnus Credit Investments closed with 7,670 units trading with a gain of 1 cent t0 12 US cents. The JSE USD Equities Index rose 4.60 points to 151.29.
Trading resulted in an average of 559,695 units valued at an average of $8,313,422 compared to 106,370 units valued at an average of $2,728,403 for each security traded on Tuesday. The average volume and value for the month to date amounts 165,957 units valued at $3,192,366 compared to 145,966 units valued at $2,917,169 on Tuesday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and 3 closing with lower offers.

 

JSE in sharp fall on Monday

The main market of the Jamaica Stock Exchange dropped sharply on Monday falling more than 3,350 points, as the market pulled back sharply from the recent record high, but advance decline ratio was even.
Trading in the main market ended with 4,603,500 units valued $97,930,099 compared to 2,441,530 units valued $54,632,965 on Friday.
At the close, the All Jamaican Composite Index dived 3,687.52 points to close at 335,467.60 and the JSE Index declined by 3,359.74 to 305,648.85.
Market activities resulted in 29 securities trading including 1 in the US dollar market compared to 26 securities trading on Friday. At the end of trading, the prices of 12 stocks advanced, 12 declined and 5 closed unchanged and JMMB Group traded at an intraday all-time high of $31 but fell back to $30.02 at the close.
The day’s volume was led by, Carreras for the second in a row with 28.13 percent of trading in an exchange of 1,294,964 shares, followed by Scotia Group with 775,144 shares and 16.84 percent of the day’s volume and Ciboney Group with 707,000 units, accounting for 15.36 percent of the day’s volume.
Stocks with major price changes are, Carreras lost 50 cents to finish at $9, Grace Kennedy dropped 99 cents to $52.01, with 21,707 stock units trading, Kingston Wharves rose 35 cents and ended at $50.35, trading 2,100 shares, NCB Financial jumped $2 to $97 trading 63,512 units. Portland JSX fell $1 to $8, in trading 900 units, Sagicor Real Estate Fund dropped 45 cents and closed at $14.05, exchanging 20,468 shares and Sygnus Credit Investments declined 50 cents to $12.50 trading 153,800 units.
Trading in the US dollar market closed with 45,000 units valued at US$7,426 as Proven Investments was the only stock trading with the price rising 1.04 cents to 16.05 US cents. The JSE USD Equities Index rose 5.86 points up to 146.90.
Trading resulted in an average of 164,411 units valued at an average of $3,497,504 for each security traded. In contrast to 90,427 units for an average of $2,023,443 on Friday. The average volume and value for the month to date amounts 148,084 units valued at $2,927,889 compared to 146,947 units valued at $2,885,584 on Friday. June closed with an average of 250,168 shares with a value of $5,895,281, 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 3 closing with lower offers.

JSE retreats from Friday’s record high

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The main market of the Jamaica Stock Exchange surged to new record high during trading in the morning sessions hitting a high of 340, 893.72 points on the all Jamaica Index while the JSE index rose to a record high of 310,624.04 but the market pulled back to close just below the record closing high reached on Thursday last week.
Trading in the main market ended with 2,441,530 units valued $54,632,965 compared to 2,808,119 units valued $38,691,449 on Thursday.
At the close, the All Jamaican Composite Index advanced by 878.93 points to 339,155.12, sitting just 692.75 points below the record close on last week Thursday and the JSE Index climbed 800.80 points to 309,008.59, just 631.20 points away from the record close reached last week.
Market activities resulted in 27 securities trading in the main market, compared to 26 securities trading on Thursday in the main and US dollar markets. At the end of trading, the prices of 7 stocks advanced, 10 declined and 10 closed unchanged.
The day’s volume was led by, Carreras with 25.27 percent of trading in an exchange of 616,888 shares, followed by Ciboney Group with 548,381 units, accounting for 22.46 percent of the day’s volume and NCB Financial Group with 276,402 shares and 11.32 percent of the day’s volume.
Stocks with major price changes are, Berger Paints fell 74 cents to $18.76 with 16,154 trading, Caribbean Cement gained $2 to finish at $42, exchanging 5,050 shares, Jamaica Broilers dropped $1.08 to $25.42, with 65,410 stock units trading, Kingston Wharves fell 85 cents and ended at $50, trading 14,127 shares, NCB Financial dropped $2.99 to $95 trading 276,402 units. Pulse Investments fell 40 cents and settled at $3, in trading 29,611 units, Sagicor Real Estate Fund rose 40 cents and closed at $14.50, exchanging 5,200 shares and Scotia Group declined 90 cents to $50.10, with 248,215 units.
Trading resulted in an average of 90,427 units valued at an average of $2,023,443 for each security traded. In contrast to 122,092 units for an average of $1,682,237 on Thursday. The average volume and value for the month to date amounts 146,947 units valued at $2,885,584 compared to 151,016 units valued at $2,952,092 on Thursday. June closed with an average of 250,168 shares with a value of $5,895,281, 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 closing with lower offers.

JSE jumped on Thursday

The main market of the Jamaica Stock Exchange recovered the losses of the previous two days and added more to the indices in the process on Thursday as trading remains subdued with less than half the value traded on Wednesday.
Trading in the main market ended with 2,808,119 units valued $38,691,449 compared to 2,665,607 units valued $71,318,160 on Wednesday.
At the close, the All Jamaican Composite Index jumped 1,768.07 points to 338,276.19. and the JSE Index climbed 1,610.91 points to 308,207.79.
Activities in the main market and US dollar market resulted in 24 securities trading including 2 from the US dollar market, compared to 26 securities trading on Wednesday. At the end of trading, the prices of 8 stocks advanced, 9 declined and 7 closed unchanged.
The day’s volume was led by, JMMB Group with 25.3 percent of trading in an exchange of 711,490 shares, followed by Ciboney Group with 687,852 units accounting for 24.5 percent of the day’s volume and JMMB Group 7.5% preference share with 500,000 shares or just under 18 percent.
Stocks with major price changes are, Caribbean Cement gained 99 cents to finish at $40, exchanging 66,139 shares, Jamaica Broilers jumped $2.54 to $26.50, with 50,891 stock units trading, JMMB Group gained 44 cents and ended at $30, trading 711,490 shares, Jamaica Producers shed 50 cents to $17 trading 30,582 units. Mayberry Investments fell 49 cents and settled at $6.50, with 53,128 units, Proven Investments lost 50 cents trading 750 shares in the Jamaican market to close at $26.50, Sagicor Real Estate Fund lost 90 cents and closed at $14.10, exchanging 10,100 shares, Pulse Investments rose 45 cents trading 98,245 shares to close at $3.40, Scotia Group rose 50 cents to $51, with 1,830 units.
Trading resulted in an average of 122,092 units valued at over $1,682,237, in contrast to 111,067 shares valued at $2,971,590 on Wednesday. The average volume and value for the month to date amounts 151,016 units valued at $2,952,092 compared to 152,906 units valued at $3,041,409 on Wednesday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
Trading in the US dollar market closed with 10,150 units valued at $1,252. Sygnus Credit was the only stock trading in the US market, the price rose 1.47 cents to 12.48 US cents. The JSE USD Equities Index rose 1.39 points up to 141.04.
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 3 closing with lower offers.

Volume up prices down on JSE on Tuesday

Trading picked up on the Jamaica Stock Exchange on Tuesday, compared to the very modest level on Monday. Trading ended with an exchange of 2,832,561 units valued at over $81,949,830 compared to a mere 1,455,806 units valued just $24,016,207 on Monday.
The pickup in trading did not result in the continuation of a rise in the indices that occurred on Monday and the All Jamaican Composite Index lost 865.50 points to close at 337,233.03 and the JSE Index declined 788.57 points to 307,257.36.
Activities in the main market and US dollar market resulted in 30 securities trading including 4 from the US dollar market, compared to 28 securities trading on Monday. At the end of trading, the prices of 7 stocks advanced, 14 declined and 9 closed unchanged.
The day’s volume was led by, Sagicor Group with 758,030 shares, settling at $38.75 followed by Wisynco Group trading 584,757 units and finished at $9.35.
Stocks with major price changes are, Caribbean Cement lost $1.35 and finished at $41.15, exchanging 933 shares, Grace Kennedy dropped $1.48 and ended at $51.52, trading 40,825 shares, Jamaica Broilers lost 55 cents to $23.95 trading 101,933 units. Kingston Wharves jumped $1.97 finished at a 52 weeks’ high of $53.97 with 9,631 stock units, NCB Financial Grouprose 25 cents to $96.25, trading 251,351 shares, PanJam Investment dropped $1.50 and closed at $53, as 14,820 stock units traded. Pulse Investments lost 70 cents as 27,498 shares traded down to $2.30, Sagicor Group fell $1.25 to $38.75 with the trading of 758,030 units, Sagicor Real Estate Fund jumped $1.05 and settled at $15.10, exchanging 8,443 shares, Seprod lost 49 cents to $34.01 in trading 3,092 units and Supreme Ventures lost 95 cents and ended at $15.05, as 134,214 shares traded and Sygnus Credit traded 6,998 units and rose 45 cents to close at $13.20.
Trading resulted in an average of 108,945 units valued at over $3,151,917, in contrast to 60,659 shares valued at $1,000,675 on Monday. The average volume and value for the month to date amounts 155,968 units valued at $3,046,939 compared to 160,016 units valued at $3,037,085 on Monday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
Trading in the US dollar market closed with 207,453 units valued at $17,742 as JMMB Group 5.75% preference share completed trading at $1.03 with 20,000 stock units, Sterling Investments lost 0.5 cents and finished at a 52 weeks’ low of 8.5 US cents with 190,000 shares changing hands, Proven Investments closed at 15 US cents trading 346 shares, an attempted trade at 9 cents was cancelled as it would have exceeded 30 percent move in a day and Sygnus Credit traded 14,000 units at 11 US cents. The JSE USD Equities Index dropped 9.82 points up to 139.56.
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 5 closing with lower offers.

JSE Majors retreat from Friday’s record

The Jamaica Stock Exchange climbed to the fifth straight record high, reached seconds after opening on Friday, when the All Jamaican Composite Index rose 1,082.40 points to 340,315.50 with the JSE Index rising 986.19 points to 310,065.85 but lost the gains by the close.
At the end of trading, the All Jamaican Composite Index dropped 2,570.85 points to 336,662.25 and the JSE Index dived 2,342.34 points to 306,737.32.
Activities in the main market and US dollar market resulted in 30 securities trading including 4 from the US dollar market, compared to 28 securities trading on Thursday. At the end of trading, the prices of 10 stocks advanced, 14 declined and 6 closed unchanged from an exchange of 6,932,808 units valued $147,102,076 compared to 889,746 units valued at $37,006,553 on Thursday.
The day’s volume was led by, Jamaica Broilers with 2,084,581 units amounting to 30 percent of the volume traded, followed by Sagicor Group with 1,331,080 units accounting for 19 percent of the day’s volume of and Jamaica Stock Exchange with 1,083,267 units for 15.6 percent of the day’s volume.
Stocks with major price changes are, Caribbean Cement lost $2 and finished at $41, with 20,107 shares, JMMB Group declined 49 cents and ended at $29.50, with 56,845 shares. Kingston Wharves dropped $2 finished at $50 with 124,720 stock units, NCB Financial Groupshed $1.50 to $94.50, with 65,326 shares, PanJam Investment dropped $3.99 and closed at $55, with 24,570 stock units trading. Scotia Group traded at $50.90, and lost 40 cents with 153,731 units, Sterling Investments rose $1.01 and closed at $11.01, with 66,652 shares and Supreme Ventures ended at $15, with 31,100 shares but fell 50 cents.
Trading resulted in an average of 266,646 units valued at an average of $5,657,772 for each security traded. In contrast to 34,221 units for an average of $1,423,329 on Thursday. The average volume and value for the month to date amounts 168,594 units valued at $3,230,262 compared to 158,477 units valued at $2,952,222 on Thursday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
Trading in the US dollar market continue to be modest and closed with just 21,634 units valued at US$2,833, as Margaritaville lost 2.7 cents and finished at a 52 weeks’ low of 15.3 US cents with 10,000 shares, changing hands, Proven Investments closed at 18 US cents with 2,241 units changing hands,  Sygnus Credit trading 7,500 units and rose 1 cents at 12 US cents and JMMB Group 5.75 % preference share fell 19 cents to US$2.06 after trading 1,893 units. The JSE USD Equities Index slipped 0.10 points up to 152.05.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 3 closing with lower offers.

4 straight JSE main market record close

The Jamaica Stock Exchange ended trading for the fourth straight at an all-time closing high, the All Jamaican Composite Index climbed 975.72 points to a record 339,847.87 with the JSE Index rising 888.99 points to a record 309,639.79.
Activities in the main market resulted in 28 securities trading including 2 from the US dollar market, compared to 23 securities trading on Wednesday. At the close, the prices of 10 stocks advanced, 12 declined and 6 closed unchanged.
Trading activity on the Jamaica Stock Exchange closed with an exchange of 889,746 units valued at $37,006,553 compared to 3,345,840 units valued $86,257,264 on Wednesday.
The day’s volume was led by, NCB Financial Group with just 222,567 units amounting to 25 percent of the volume traded, followed by Sagicor Group with 203,409 units accounting for 22.86 percent of the day’s volume of and Carreras with 113,950 units for 12.8 percent of the day’s volume.
Stocks with major price changes are, Berger Paints lost 94 cents and ended at $21.06, with 4,815 stock units, Caribbean Cement gained 57 cents and settled at $43.00, with 21,144 shares, Grace Kennedy shed 50 cents to end at $52, with 33,051 stock units, Jamaica Broilers lost 99 cents trading 2,000 units at $24.01 after trading at a record high of $33. JMMB Group rose 49 cents to end at $29.99, with 23,543 shares, Kingston Wharves gained $2.20 and settled at a 52 weeks’ high of $52, in trading just 498 units, NCB Financial Group traded at $96 after rising $1.50 with 222,567 shares, PanJam Investment jumped $5.49 to a record high of $58.99, with 20,100 units, Sagicor Group gained 99 cents and ended trading at $39, with 203,409 stock units changing hands, Sagicor Real Estate Fund finished trading after falling $1.15 to end at $13.95, with 8,953 stock units. Supreme Ventures climbed $1 and settled at $15.50, with 7,114 shares and Sygnus Credit Investments closed with a fall of 55 cents at $13.
Trading resulted in an average of 34,221 units valued at an average of $1,423,329 for each security traded. In contrast to 145,471 units for an average of $3,750,316 on Wednesday. The average volume and value for the month to date amounts 158,477 units valued at $2,952,222 compared to 172,772 units valued at $3,149,989 on Wednesday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
Trading in the US dollar market was modest following no trading having taken place on Wednesday. The market closed with just 2,880 units valued at $378, as Proven Investments closed at 18 US cents with 880 units changing hands and Sygnus Credit trading 2,000 units at 11. The JSE USD Equities Index slipped 0.26 points up to 152.15.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.

Another record close for JSE stocks – Wednesday

Bulls are prowling around Jamaican stocks.

The Jamaica Stock Exchange closed at a new record high on Wednesday for the third day in a row. During the morning session the All Jamaica Composite Index broke into the 340,000 points level for the first time in the market history rising 2,110.74 points to trade at 340,190.28 after 45 minutes of trading.
At the same time the JSE main index rose by 1,923.12 points to a record high of 309,951.76 after 45 minutes of trading in the morning session. The main market ended at a new closing high, with the All Jamaican Composite Index climbing 792.61 points to a record 338,872.15 and the JSE Index rising 722.16 points to a record 308,750.80.
Activities in the main markets resulted in 23 securities trading, compared to 30 securities trading on Tuesday. At the close, the prices of 9 stocks advanced, 16 declined and 6 closed unchanged. There was no trading in the US dollar market on Wednesday.
Trading activity on the Jamaica Stock Exchange closed with an exchange of 3,345,840 units valued $86,257,264 compared to 7,061,151 shares valued at $104,913,847 on Tuesday.
The day’s volume was led by, Carreras with 1,131,433 units 33.82 percent of the day’s volume, followed by Wisynco Group with 767,268 units accounting for 22.93 percent of the day’s volume of and NCB Financial Group with 476,698 units amounting to 14.25 percent of the volume traded.
Stocks with major price changes are, Grace Kennedy gained 98 cents to end trading at $52.50, with 7,498 shares, Jamaica Broilers shed $1 in closing at $25.00, after trading at an intraday high of $27, with 11,553 stock units, Kingston Wharves finished at $49.80, with a loss of 21 cents but traded at a 52 weeks’ high of $52 with 125,689 stock units, Mayberry Investments climbed 50 cents and settled at $7, with 51,070 units. NCB Financial Group dived $3.50 and ended trading at $94.50, with 476,698 shares, Sagicor Group fell 74 cents and settled at $38.01, with 205,457 shares traded, Salada Foods gained $1.10 to end trading at $12.01, with 23,850 stock units, Scotia Group declined by 90 cents and closed trading at $50.60, with 29,636 units and Supreme Ventures fell 50 cents to $14.50, with 200,562 shares trading.
Trading resulted in an average of 145,471 units valued at an average of $3,750,316 for each security traded. In contrast to 252,184 units for an average of $3,746,923 on Tuesday. The average volume and value for the month to date amounts 172,772 units valued at $3,149,989 compared to 175,865 units valued at $3,072,419 on Tuesday. June closed with an average of 250,168 shares with a value of $5,895,281, 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 closing with lower offers.

Record high for JSE main market

At the close of the trading on Monday, the main market of the Jamaica Stock Exchange closed at a new record high, with the All Jamaican Composite Index climbing 868.61 points to a record close of 337,258.91 and the JSE Index rising 791.40 points to a record 307,280.95.
Activities in the main and US dollar markets resulted in 31 securities trading including 5 from the US dollar market, compared to 27 securities trading on Friday. At the close, the prices of 9 stocks advanced, 16 declined and 6 closed unchanged.
Trading activity on the Jamaica Stock Exchange rose strongly over Friday’s level, with an exchange of 7,903,876 units valued at $168,386,017 compared to 2,029,215 units valued at $42,587,552 on Friday.
The day’s volume was led by Carreras with 2,439,495 units and accounted for 30.86 percent of the day’s volume, followed by Wisynco Group with 1,873,893 units or 23.71 percent of the day’s volume, Scotia Group with 1,254,140 units accounting for 15.87 percent of the volume traded and JMMB Group with 1,010,243 units.
Stocks with major price changes are, Grace Kennedy climbing $1 to $54. Jamaica Broilers up $1 to end at $24, JMMB Group falling $1 to $28.50, Kingston Wharves jumping $3.45 to $50, Proven Investments fell $1.50 in the Jamaican market to$27 but is still priced well above the US dollar market listing. Salada Foods rose $1 to $11, Scotia Group jumped 88 cents to $51, Sterling Investments fell $1.50 to $10, Supreme Ventures gained $1.50 in closing at $15.60 and Sygnus Credit Investments lost 70 cents in closing at $13.01. 138 Student Living traded with a loss of 30 cents to end at a 52 weeks’ low of $4.10.
In the US dollar market, 202,559 units valued at $28,806 as JMMB Group 6% preference share ended trading at US$1.01 with 4,319 stock units, Productivity Business declined by 0.5 cent and ended at 58 US cents with 2,659 shares traded, Proven Investments lost 1 cent and closed at 17 US cents with 15,350 units changing hands, Sterling Investments ended trading at 9 US cents with 898 shares after falling 1 cent and Sygnus Credit Investments ended trading 179,000 shares after falling 1 cent to 11 US cents. The JSE USD Equities Index lost 2.81 points up to 150.39.
Trading resulted in an average of 303,995 units valued at an average of $6,476,385 for each security traded, in contrast to 92,237 units for an average of $1,935,798 on Friday. The average volume and value for the month to date amounts 163,654 units valued at $2,946,511 compared to 167,222 units valued at $2,763,542, on Friday. June closed with an average of 250,168 shares with a value of $5,895,281, 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 2 closing with lower offers.