The JSE All Jamaican Composite Index pushed 3,240.99 points to a new record close of 486,779.64 and the JSE Index climbed 2,945.21 points to a new closing high of 443,343.87.
At the end market activity, on the main and US markets, the prices of 18 securities advanced, 9 declined and 8 traded firm, as a total of 35 securities traded, compared to 37 on Tuesday. Eppley and the Jamaica Stock Exchange shares closed at new all-time highs.
Market activity ended with 45,741,770 units with a value of $2,118,495,057 changing hands, in contrast to 41,671,400 units with a value of $333,001,137 on Tuesday.
Wigton Windfarm led trading with 20.7 million units or 45 percent of total main market volume, Scotia Group with just over 10 million shares changing hands, equating to 22 percent of total trades, followed by NCB Financial Group with 8.14 million stock units for 18 percent of the day’s trades.
The market closed with average of 1,386,114 units valued at an average of $64,196,820 for each security traded. In contrast to 1,190,611 units for an average of $9,514,318 on Tuesday. The average volume and value for the month to date amounts to 1,475,774 shares, with a value of $16,281,943, compared to 1,482,687 shares, with a value of $12,268,768 previously. May closed with an average of 2,248,261 units at an average of $12,751,529 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.
At the close of the market, Barita Investments rose $1 and closed at $44, trading 4,084 shares, Carreras rose 30 cents and concluded trading of 878,789 units at $8.20, Eppley rose 25 cents to an all-time high of $16 while trading 13,290 shares, Jamaica Broilers exchanged 2,484 units and gained $1 to end at $33. Jamaica Producers fell $1.30 to close at $25.50, with 8,589 shares changing hands, Jamaica Stock Exchange rose 25 cents to end at a record high of $22, with 2,358,881 shares traded, JMMB Group rose $1 in trading 72,416 shares to end at $39, Kingston Wharves slipped $1 to close at $66, in swapping 28,064 stock units. Mayberry Investments gained 65 cents with an exchange of 181,646 shares at $9.15, Mayberry Jamaican Equities added $1 to end trading of 24,764 shares at $12.25, 
NCB Financial Group jumped $5 to close at $178, with an exchange of 8,142,680 stock units, PanJam Investment climbed $1.49 to end trading of 990 shares at $95.99. Proven Investments declined $1.50 while trading 3,690 shares to close at $33.50, Pulse Investments rose 34 cents to close at $2.84, trading 20,000 shares. Sagicor Group finished trading at $48 with 340,467 shares crossing the exchange after falling 50 cents, Scotia Group climbed $1.90 to $55.10, with an exchange of 10,133,531 shares and Seprod declined $1 concluded trading with 103,100 stock units at $47.
Trading in the US securities market resulted in 40,000 units valued US$31,016 changing hands. Market activity ended with Proven Investments trading 12,000 shares after rising 0.06 cent to close at 26 US cents and JMMB Group 6% preference share ended trading of 28,000 units at US$1. The JSE USD Equities Index rose 1.74 points to close at 191.08.
JSE pulls back from Tuesday’s record high
The JSE All Jamaican Composite Index climbed 3,373.63 points to reach an intraday record high of 487,004.99 just after 11 am on Tuesday, but the market failed to hold on to the early gains ending with a modest fall at the close.
At the close on Tuesday, the JSE All Jamaican Composite Index dipped 92.71 points to 483,538.65 and the JSE Index declined 84.25 points to 440,398.66.
At the end market activity, on the main and US markets, the prices of 12 securities advanced, 16 declined and 9 traded firm, as a total of 37 securities traded, compared to 33 on Monday. Eppley and the Jamaica Stock Exchange shares closed at new all-time highs. Market activity ended with 41,671,400 units with a value of $333,001,137 changing hands, in contrast to 77,902,533 units for $226,722,040 on Monday.
Wigton Windfarm led trading with 37.5 million units or 90 percent of total main market volume, NCB Financial Group with 1.4 million shares changing hands equating to 2.4 percent of total trades, followed by JMMB Group 7.5% preference share with 697,600 stock units and less than one percent of the day’s trades. In the US Market Proven Investments traded 8.77 shares and Sygnus Credit Investments 1.24 units.
The market closed with average of 1,190,611 units valued at $9,514,318, in contrast to 2,360,683 shares valued at $6,870,365 on Monday. The average volume and value for the month to date amounts to 1,482,687 shares, with a value of $12,268,768, compared to 1,508,699 shares, valued $12,537,308 previously. May closed with an average of 2,248,261 units at an average of $12,751,529 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 2 closing with lower offers.
At the close of the market, Barita Investments lost 80 cents and closed at $43, trading 44,274 shares, Eppley jumped $3.75 to an all-time high of $15.75 while trading just 500 shares, Jamaica Broilers traded 33,470 units with a fall of $1.75 to end at $32. Jamaica Stock Exchange jumped $1.75 to end at a record high, of $21.75, with 162,124 shares trading, JMMB Group fell $1 trading 52,642 shares to end at $38, Kingston Properties lost 50 cents to finish at $6, with 15,244 stock units, Kingston Wharves climbed $2 to close at $67, in trading 3,250 stock units. 
Mayberry Investments gained 25 cents trading 2.942 shares at $8.50, NCB Financial Group lost 99 cents to close at $173, with an exchange of 1,429,495 stock units, Portland JSX lost 65 cents to settle at $7.85, trading 500 shares, PanJam Investment climbed $1 to conclude trading of 37,270 shares at $95. Pulse Investments fell 48 cents to close at $2.50, trading 190,101 shares. Salada Foods traded just 703 shares and declined $2.99 to close at $31.01, Scotia Group fell 30 cents to $53.20, with an exchange of 105,110 shares and Stanley Motta lost 50 to end at $48, in trading 33,968 shares.
Trading in the US securities market resulted in 10,005,524 units valued US$2,368,509 changing hands. Market activity ended with Proven Investments trading 8,765,244 shares after slipping 0.6 cent to close at 25.54 US cents and Sygnus Credit Investments gained 0.05 cents and ended trading of 1,240,280 units at US$1.05. The JSE USD Equities Index advanced 0.23 points to close at 189.34.
JSE surges to new record close – Monday
The Jamaica Stock Exchange main market continues to reach new highs for the year as investors continue to focus their attention on main market stocks and leaving their Junior Market siblings to play second fiddle.
At the close on Monday, the JSE All Jamaican Composite Index jumped 3,297.34 points to a record close of 483,631.36 and the JSE Index surged 2,996.42 points to yet another record close of 440,482.91.
At the close market activity, on the main and US markets, the prices of 12 securities advanced, 16 declined and 9 traded firm, as a total of 37 securities traded, compared to 33 on Friday. Market activity ended with 77,902,533 units for $226,722,040, in contrast to 96,408,959 units valued $1,106,187,077 on Friday.
Wigton Windfarm led trading with 74 million units or 95 percent of total main market volume, Grace Kennedy closed with 1.84 million shares changing hands equating to 2.4 percent of total trades, followed by Victoria Mutual Investments with 416,503 stock units and less than one percent of the day’s trades.
The market closed with average of 2,360,683 units valued $6,870,365, in contrast to 3,213,632 shares valued at $36,872,903 on Friday. 
The average volume and value for the month to date amounts to 1,508,699 shares, with a value of $12,537,308, compared to 1,430,601 shares, with a value of $13,110,955 previously. May closed with an average of 2,248,261 units at an average of $12,751,529 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 closing with lower offers.
At the close of the market, Barita Investments rose 30 cents and closed at $43.80, trading 10,872 shares, Caribbean Cement dropped 80 cents to close at $79.10, with an exchange of 13,557 shares, Carreras dropped $1.05 to conclude trading of 120,555 units at $7.75, Eppley dived $1.40 to $12 in trading 7,500 shares. Jamaica Broilers finished trading 33,000 units with a fall of $ 2.25 to end at $33.75, Jamaica Producers traded 78,931 shares and rose $2 to close at $27, JMMB Group added $1 trading 73,874 shares to end at $39, Kingston Wharves dived $5 to close at $65, trading 8,937 stock units, Mayberry Investments fell 50 cents, trading 78,393 shares at $8.25. Mayberry Jamaica Equities fell 90 cents to end at $11.20, with 84,460 shares changing hands, PanJam Investment climbed $1 to conclude trading of 37,270 shares at $95. 
Pulse Investments rose 33 cents to close at $2.98, trading 24,500 shares. Salada Foods traded 205 shares after rising $1.50 to close at $34, , Sagicor Group traded 18,082 units with a rise of 50 cents to close at $48.50, Scotia Group climbed $1.25 to close at $53.50, with an exchange of 172,626 shares and Seprod lost $1.98 to end at $48, in trading 99,522 shares.
Trading in the US securities market resulted in 7,144 units valued at over US$8,587 changing hands. Market activity ended with JMMB Group 6% preference share closed at US$1 trading 3,244 units, JMMB Group 5.75% settled trading of 2,500 shares at US$2, Margaritaville Turks exchanged 100 units at 25 US cents and Proven Investments traded 1,300 units in closing at 26 US cents. The JSE USD Equities Index declined 0.23 points to close at 189.11.
It’s Wisynco, Wigton, NCB & Scotia
Wisynco Group hits a new high of $19.50 on Friday, up from $16.50 at the end of the prior week as supply remains light and demand picked up considerably, the stock continues on the watch list this week.
Based on full year’s results, Wisynco trading around a PE of 20, may be considered high priced by some, but with interest rates so low in the country, investors should be focusing on the more than $1.50 earnings per share expected for the new-year, that starts in July. At the close on Friday, demand was building strongly at $18 and above.
Wigton Windfarm is slowly crawling its way back into the 80 cents range with the stock trading at 80 cents on a number of occasions on Friday, as selling and supplies below 80 cents eased sharply.
NCB Financial seems to be hovering around the $173 level but has a lot of appeal for many investors as they view the future positively. Last week IC Insider.com added Scotia Group as one stock that should be on everyone’s watch list with the release of second quarter results to April.
Scotia Group hiked dividend.
The banking group announced a big dividend increase that included a special dividend of $1.94. Profit performance was nothing write about but the company later reported that cost included more than $1 billion in onetime expenses as they seek to reduce cost and provide customers with a more friendly banking experience.
Barita Investments continues to enjoy strong buying interest as the price firms up around the $45 level and could yet move higher in coming days or weeks. Eppley seems to have demand that should push the price higher during the week as the company is getting set to launch an IPO for the Eppley Property Fund. The announcement that Sygnus Credit Investments borrowed $600 million and plans on raising more, coupled with good third quarter results continue to drive interest in the stock.
CAC 2000 reported profit for the April quarter that shows marked improvement over the previous quarter, suggesting that business is returning to more normal levels from disruption to the operations caused by major road works, in the area of the business. Elite Diagnostic pulled back to $3.85 during the past week but continues to find buying interest around $4 with the promise of earnings of more than 60 cents for the next fiscal year starting in July, that is likely to be the catalyst for more interest in the stock. Fosrich remains on the Watch List along with Lasco Financial that has seen buying interest over $5. Lasco Manufacturing posting of strong full year results with impressive fourth quarter numbers is driving new interest in the stock. Main Event posted good second quarter results with profit rising 29 percent in the quarter and promise of good 2019 results that should encourage increased investors interest. Watch.
Main Event revenues profit growing nciely.
Investors’ interest continues for the Medical Disposables with prospects for continued strong growth in its operations. Paramount Trading stock has been on the back foot for more than a year, with the start of the new financial year, the prospects for vastly improved profit, that IC Insider.com preliminarily places at 15 cents per share, will start to influence the stock price. Demand for Stationery and Office is not aggressive currently, but then supply is very short, suggesting it is only a matter of time before the price moves higher.
Investors should continue to keep eyes on Fontana, Honey Bun, Jamaica Producers and Sagicor Group.
JSE rise on volume surge – Friday
The Jamaica Stock Exchange main market made gains at the close of trading on Friday, but pulled back sharply after as much as 6,551.54 on the JSE All Jamaican Composite Index that touched 485,516.89 after just 11 minutes of opening.
At the close, the JSE All Jamaican Composite Index gained 1,368.67 points to 480,334.02 and the JSE Index advanced 1,243.76 points to 437,486.49.
At the close market activity, on the main and US markets, the prices of 14 securities advanced, 12 declined and 7 traded firm, as a total of 33 securities traded, compared to 29 on Thursday. Market activity ended with 96,408,959 units valued $1,106,187,077, in contrast to 39,807,927 units valued $250,698,516 on Thursday.
Wigton Windfarm led trading with 55.9 million units or 58 percent of total main market volume, Sagicor Group closed with 17.8 million shares changing hands equating to 18.5 percent of total trades, followed by Stanley Motta with 15 million stock units and 16 percent of the day’s trades. Also coming in with good volumes are Mayberry Jamaica Equities trading 2.38 million shares and Wisynco Group with 2.86 million shares.
The market closed with average of 3,213,632 units valued at over $36,872,903, in contrast to 1,531,074 shares valued at $9,642,251 on Thursday. The average volume and value for the month to date amounts to 1,430,601 shares, with a value of $13,110,955, compared to 1,268,507 shares, with a value of $10,702,650 previously. May closed with an average of 2,248,261 units at an average of $12,751,529 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 one closing with a lower offer.
At the close of the market, Barita Investments lost 60 cents and closed at $43.50, trading 4,405 shares, Berger Paints shed 50 cents to close at $18, trading 2,450 stock units, Grace Kennedy declined $1.35 while trading 226,753 stock units to end at $60.15, Jamaica Broilers finished trading of 30,077 units with a fall of $2to end at $31.50. Jamaica Producers traded 79,828 shares and lost $1.50 to close at $25, JMMB Group lost $1.60 in trading 58,706 shares to end at $38, Kingston Wharves jumped $4.99 to close at $70, trading 950 stock units, Mayberry Investments gained 25 cents, trading 38,040 shares at $8.75. Mayberry Jamaica Equities rose 79 cents to end at $12.10, with 2,382,293 shares changing hands, 
NCB Financial Group rose 99 cents trading 175,511 shares to end at $173.99, PanJam Investment climbed 60 cents to conclude trading of 42,454 shares at $94. Proven Investments exchanged just 100 units and rose $1 in closing at $35, Pulse Investments lost 28 cents to close at $2.65, trading 47,375 shares, Sagicor Group traded 17,794,498 units with a rise of 40 cents to close at $48, Scotia Group climbed $2.25 to close at $52.25, with an exchange of 502,721 shares. Seprod rose $1.98 to end at $49.98, in trading 168,276 shares, Supreme Ventures lost 40 cents trading 151,529 shares to settle at $29.40 and Wisynco Group traded 2,859,714 shares and rose $1 to end at a record close of $19.50.
Trading in the US securities market resulted in 422,452 units valued at $96,845 changing hands. Market activity ended with Margaritaville Turks trading 3,869 units at 25 US cents, Proven Investments exchanging 344,925 units, rising 1 cent, in closing at 26 US cents and Sygnus Credit Investments closed with 73,658 units to end at 10 US cents. The JSE USD Equities Index declined 0.69 points to close at 189.34.
JSE major indices drop – Thursday
The Jamaica Stock Exchange main market pulled back sharply at the close of trading on Thursday, with the JSE All Jamaican Composite Index diving 3,426.77 points to 478,965.35 and the JSE Index dropping 3,114.03 points to 436,242.73.
At the close market activity, on the main and US markets, the prices of 12 securities advanced, 8 declined and 9 traded firm, as a total of 29 securities traded, compared to 37 on Wednesday. Market activity ended with 39,807,927 units valued $250,698,516, in contrast to 43,724,306 units valued at over $310,353,690 on Wednesday.
Wigton Windfarm led trading with 34.7 million units or 87 percent of total main market volume, Sagicor Group closed with 2.35 million shares changing hands equating to 6 percent of total trades, followed by Scotia Group with 1.2 million stock units and 3 percent of the day’s trades.
The market closed with average of 1,531,074 units valued $9,642,251, in contrast to 1,286,009 shares valued at $9,128,050 on Wednesday. 
The average volume and value for the month to date amounts to 1,268,507 shares, with a value of $10,702,650, compared to 1,246,050 shares, with a value of $10,804,762 previously. May closed with an average of 2,248,261 units at an average of $12,751,529 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.
At the close of the market, Berger Paints gained 50 cents to close at $18.50, trading 5,000 stock units, Caribbean Cement put on 90 cents to close at $79.90, with an exchange of 1,456 shares, Grace Kennedy regained the 29 cents it lost on Wednesday while trading 13,691 stock units to end at $61.50. Jamaica Broilers finished trading of 159,727 units with a fall of 25 cents to end at $33.50.,Jamaica Producers traded 2,200 shares and lost 37 cents to close at $26.50, JMMB Group gained 60 cents trading 44,117 shares at $39.60, Kingston Wharves dived $2.99 to close at $65.01, trading 8,050 stock units. 
Mayberry Investments fell 49 cents, ending trading 44,427 shares at $8.50, Mayberry Jamaica Equities rose 31 cents to end at $11.31, with 287,077 shares changing hands, NCB Financial Group fell 99 cents trading 146,914 shares to end at $173, PanJam Investment climbed $1.40 to conclude trading of 19,254 shares at $93.40. Scotia Group dropped $2.50 to close at $50, with an exchange of 1,190,960 shares, Seprod lost 30 cents to end at $48, in trading 32,742 shares, and Supreme Ventures rose 30 cents to settle at $29.80, trading 57,706 shares.
rading in the US securities market resulted in 35,630 units valued at over US$17,723 changing hands. Market activity ended with JMMB Group 6% preference share trading 10,000 units at $1.04 US cents, and JMMB Group 5.5% preference share finished at $2 trading 2,500 shares and Sygnus Credit Investments traded 23,130 units to end at 10 US cents. The JSE USD Equities Index rose 0.84 points to close at 190.03.
Scotia Group to pay $7.6b in dividends
Scotia to make big payout.
The directors state that the special dividend is to payout years of accumulated surplus that has built up over the years. The payments comes against the drop ground of net profit for the April quarter coming in a $3.295 billion versus $3.3 billion in 2018 and $5.6 billion compared to $6.76 billion year to date in 2018 with the latter being boosted by one off gain from sale of a subsidiary of $753 million.
The group reports an eleven percent growth in its loan portfolio to reach $189 billion from $171 billion in April 2018, but just 3.4 percent since October last year.
The decision to make the special payment is not surprising with the sharp cut in cash reserves requirement at the country’s central bank and the low levels of interest rates that currently prevail in the economy.
Big jump for JSE main market – Wednesday
Wisynco ended at a new closing highon Wednesday.
The Jamaica Stock Exchange main market closed lower on Wednesday as the JSE All Jamaican Composite Index jumped 3,591.40 points to 482,392.12 and the JSE Index advanced by 3,263.64 points to 439,356.76.
At the close market activity, on the main and US markets, the prices of 11 securities advanced, 14 declined and 12 traded firm, as a total of 37 securities traded, compared to 39 on Tuesday. Market activity ended with 43,724,306 units valued at over $310,353,690, in contrast to 89,828,749 units valued $521,107,116 on Tuesday.
Wigton Windfarm returned to the lead position in trading with 37.9 million units or 87 percent of total main market volume, Caribbean Cement closed with 1.35 million shares changing hands equating to 3 percent of total trades, followed by PanJam Investment with 1.2 million stock units and 3 percent of the day’s trades.
The market closed with average of 1,286,009 units valued at an average of $9,128,050, in contrast to 2,566,536 units valued 14,888,775 on Tuesday. The average volume and value for the month to date amounts to 1,246,050 shares, with a value of $10,804,762, compared to 1,241,019 shares, with a value of $11,046,323 previously. May closed with an average of 2,248,261 units at an average of $12,751,529 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 one closing with a lower offer.
At the close of the market, Barita Investments lost $1 and closed at $44, with 2,412 shares traded, Caribbean Cement fell 99 cents to close at $79, with an exchange of 1,345,783 shares, Jamaica Broilers finished trading of 15,848 units with a rise of 85 cents to end at $33.75. JMMB Group shed 99 cents in trading 95,501 shares to close at $39, 
PanJam Investment dropped $2.49 and concluded trading of 1,204,266 shares at $92, Sagicor Group traded 29,481 units with a fall of 50 cents to close at $47.50, Salada Foods gained $1, trading just 200 stock units at $32.50. Scotia Group jumped $1.50 to close at $52.50, with an exchange of 66,800 shares, Seprod rose 50 cents to end at $48.30, in trading 135,071 shares, Sterling Investments rose 34 cents to $3.74, with 8,673 units changing hands and Wisynco Group traded 339,978 shares and rose 45 cents to end at a record close of $18.50.
Trading in the US securities market resulted in 116,915 units valued $63,417 changing hands. Market activity ended with JMMB Group 6% preference share trading 47,500 units with a loss of 1 cents at $1.04 US cents, Proven Investments traded 44,620 units in closing at 25 US cents and Sygnus Credit Investments traded 24,795 units to end at 10 US cents. The JSE USD Equities Index fell 1.32 points to close at 189.19.
Trading rises on JSE main market – Tuesday
Wisynco ended at an alltime closing high of $18.05.
The Jamaica Stock Exchange main market closed lower on Tuesday as the JSE All Jamaican Composite Index dropped 2,126.46 points to 478,800.72 and the JSE Index declined 1,932.39 points to close at 436,093.12.
At the close market activity, on the main and US markets, the prices of 11 securities advanced, 14 declined and 12 traded firm, as a total of 39 securities traded, compared to 37 on Monday. Market activity ended with 89,828,749 units valued $521,107,116, in contrast to 27,845,140 units valued $326,983,633 on Monday.
Kingston Properties led trading with 64.3 million units or 71.6 percent of total main market volume, Wigton Windfarm closed with 22.35 million shares changing hands equating to 25 percent of total trades, followed by JMMB Group with 571,889 stock units and less than one percent of the day’s trades.
The market closed with average of 2,566,536 units valued 14,888,775, in contrast to 795,575 units valued $9,342,390 on Monday. The average volume and value for the month to date amounts to 1,241,019 shares, with a value of $11,046,323, compared to 1,043,601 shares, with a value of $10,377,239 previously. May closed with an average of 2,248,261 units at an average of $12,751,529 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 one closing with a lower offer.
At the close of the market, Caribbean Cement jumped $1.79 to close at $79.99, with an exchange of 3,824 shares, Eppley climbed $1.40 and ended trading of 1,075 shares at $13.40, Grace Kennedy fell 29 cents trading 26,200 stock units to end at $61.21, Jamaica Broilers finished trading of 76,662 units with a rise of $1.01 to end at $32.90. JMMB Group rose 99 cents in trading 571,889 shares at $39.99, Kingston Properties lost 50 cents to close at $6.50, trading 64,331,400 stock units, NCB Financial Group jumped $3.75 trading 181,973 shares to end at $174. Pulse Investments rose 37 cents to close at $2.92, trading 76,602 shares, Sagicor Group traded 68,032 units with a fall of 41 cents to close at $48, Salada Foods dropped $3.70, trading just 705 stock units at $31.50. Scotia Group jumped $1.50 to close at $52.50, with an exchange of 66,800 shares, Seprod lost $2.04 to end at $47.80, in trading 108,270 shares, Sterling Investments rose 34 cents to $3.74, with 8,673 units changing hands and Wisynco Group traded 303,642 shares and rose $1.55 to end at a record close of $18.05.
Trading in the US securities market resulted in 205,833 units valued $61,194 changing hands. Market activity ended with Eppley 5% preference share traded 1,500 units at 98 US cents, Proven Investments traded 195,160 units and lost 1 cent in closing at 25 US cents and Sygnus Credit Investments traded 648 units to end at 10 US cents. The JSE USD Equities Index rose 0.44 points to close at 190.51.
JSE major indices rise – Monday
Wisynco traded at a new high of $20 on Monday as supply dries up.
The Jamaica Stock Exchange main market recovered some of Friday’s losses, on Monday as the JSE All Jamaican Composite Index climbed 1,684.72 points to 480,927.18 and the JSE Index advanced by 1,530.97 points to 438,025.51.
At the close of market activity, on the main and US markets, the prices of 14 securities rose, 11 declined and 12 traded firm, as a total of 37 securities traded, compared to 36 on Friday. Market activity ended with 27,845,140 units valued $326,983,633, in contrast to 104,623,709 units valued $541,856,427 on Friday.
Wigton Windfarm continues to dominate trading since listing in late May, closing with 20 million shares changing hands and 72 percent of total trades, followed by Wisynco Group with 2.33 million stock units and 8.4 percent of the day’s trades and Caribbean Cement with 1 million units for 3.7 percent of volume traded.
The market closed with average of 795,575 units valued $9,342,390, in contrast to 2,989,249 shares valued at $15,481,612 on Friday. The average volume and value for the month to date amounts to 1,043,601 shares, with a value of $10,377,239, compared to 1,309,645 shares, with a value of $13,324,556 previously. May closed with average of 2,248,261 units at an average of $12,751,529 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 4 with lower offers.
At the close of the market, Berger Paints gained $1 to close at $18, trading 1,629 stock units, Caribbean Cement jumped $5.15 to close at $78.20, with an exchange of 1,017,540 shares, Jamaica Broilers finished trading of 36,567 units with a decline of $1.11 to end at $31.89. JMMB Group lost 99 cents and concluded trading of 68,154 shares at $39, Kingston Properties gained $1 to close at $7, with 383 stock units trading, NCB Financial Group ended trading of 320,113 shares with a rise of 23 cents to end at $170.25. 
PanJam Investment lost 50 cents and concluded trading of 358,033 shares at $94.50, Sagicor Group traded 260,547 units and rose 41 cents to close at $48.41, Sagicor Real Estate Fund added 25 cents and finished trading with 49,992 stock units at $10.25. Seprod jumped $1.84 to end at $49.84, in trading 159,357 shares, Supreme Ventures dropped $1.25 to settle at $29.65, trading 369,194 shares and Wisynco Group traded 2,332,253 shares and rose 50 cents to end at a record close at $16.50, after the stock hit $20 during the day, for the first time.
Trading in the US securities market resulted in 74,645 units valued $18,272 changing hands. Market activity ended with Proven Investments traded 67,775 units and closed at 26 US cents and Sygnus Credit Investments lost 1 cent in trading 6,890 units to end at 10 US cents. The JSE USD Equities Index fell 1.51 points to close at 190.07.
