The Jamaica Stock Exchange main market closed, with the All Jamaica Composite Index losing 2,368.58 points to 384,215.16 and the JSE Index dipping 2,158.04 points to 350,063.47.
Market activities resulted in 32 securities trading, including 3 in the US dollar market compared to 31 securities trading on Friday. The prices of 10 stocks rose, 11 declined and 11 closed, unchanged.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 8 stocks ended with bids higher than their last selling prices and only 1 closing with a lower offer.
The main market ended with 2,957,550 units valued at over $67,644,851 compared to 10,467,731 units valued at $82,276,433 changing hands on Friday.
The day’s volume was led by, Wisynco Group with 1,164,093 units and 39.4 percent of the day’s volume and Scotia Group with 243,253 units.
Trading resulted in an average of 101,984 units valued at over $2,332,581, in contrast to 348,924 shares valued at $2,742,548 on Friday. The average volume and value for the month to date amounts to 360,577 shares valued $4,034,759, compared to 376,915 shares valued $4,149,025 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Barita Investments lost $1.50 to close at $17 trading 23,551 shares, Grace Kennedy lost 83 and finished trading 94,795 shares at $57.17, Jamaica Broilers dived $5.44 in trading 68,512 stock units, to close at $27.05, Jamaica Producers gained $2.45 and finished trading 23,000 units at $27, Kingston Wharves declined $3.50 and finished at $69, with 7,519 stock units changing hands, Mayberry Investments gained 80 cents and settled at $8.80, exchanging 5,632 units, NCB Financial Group climbed $4.92 and ended trading of 157,027 shares at $115.02, Sagicor Group gained 50 cents to settle at $38.50, 
in the exchange of 162,322 shares, Salada Foods ended trading 100 stock units and rose $1 to end at $19. Scotia Group lost $1 in trading 243,253 units at $62.01, Sygnus Credit Investments traded just 2,350 shares but lost 95 cents to close at $12.05, Supreme Ventures fell 45 cents and ended at $16 with an exchange of 81,842 shares and Victoria Mutual Investments rose 25 cents and concluded trading 101,842 stock units at $3.89.
Trading in the US dollar market closed with 39,200 units valued at $14,546 as JMMB Group 6% preference share rose 1 cents completed trading of 10,000 at $1.06, Proven Investments traded 7,500 at 22 US cents after falling by 1 cent and Sygnus Credit Investments USD Ordinary share traded 21,700 units losing 1 cent at 11 US cents. The JSE USD Equities Index lost 4.92 points to close at 162.02.
NCB continues to bounce around on JSE
NCB Financial stock closed at $110 after hitting $125 on Friday.
NCB Financial share price bounced around on Friday similar as it was on Thursday. Seconds after opening, the price was driven to $125, pushing the market sharply up, but it continued to bounce around during the day and finally ended at $110.
The market closed, with the All Jamaica Composite Index gaining a mere 5.04 points to 386,583.74 and the JSE Index rose just 4.59 points to 352,221.51. Market activities resulted in 31 securities trading, including 1 in the US dollar market compared to 29 securities trading on Thursday.
At the end of trading, the prices of 13 stocks rose, 11 declined and 7 closed, unchanged. JMMB Group traded at 52 weeks’ high of $34.50 and PanJam Investment hit a high of $59 but they both closed lower at the close.
The main market ended with 10,467,731 units valued at $82,276,433 compared to 2,861,546 units valued at $139,051,316 changing hands on Thursday.
The day’s volume was led by, JMMB Group 7.5% preference share with 5,971,000 units, 57 percent of total volume traded, followed by Carreras with 1,556,951 units and 14.87 percent of main market volume and Wisynco Group with 983,953 units 9.4 percent of the day’s volume.
Trading resulted in an average of 348,924 units valued at over $2,742,548, in contrast to 105,983 shares valued at $5,150,049 on Thursday. The average volume and value for the month to date amounts to 376,915 shares valued $4,149,025, compared to 378,872 shares valued $4,253,986 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Berger Paints rose 50 cents to close at $22 trading 7,934 shares, Caribbean Cement lost $1.95 and finished trading 1,513 shares at $48, Jamaica Broilers jumped $1.24 in traded 83,050 stock units, to close at $32.49, Jamaica Producers lost $2.45 and finished trading 204,445 units at $24.55, Kingston Wharves jumped $4 and finished at $72.50, with 3,112 stock units changing hands, Mayberry Investments shed 30 cents and settled at $8, exchanging 213,025 units, Sagicor Group fell $1.25 to settle at $38, in the exchange of 108,965 shares, Sagicor Real Estate Fund lost $1 to settle at $11.00, with 176,754 shares.
Seprod finished trading at $46.80, after falling 20 cents trading 9,397 shares, Stanley Motta lost 30 cents to end trading of 14,100 stock units at $4.80, Supreme Ventures gained 34 cents and ended at $16.45, trading 160,439 shares, Sygnus Credit Investments traded just 1,934 shares and rose 71 cents to close at $13 and Wisynco Group lost 15 cents to finish at $8.85, with 983,953 units changing hands.
Trading in the US dollar market closed with 14,159 units valued at $3,109 as Proven Investments was the sole stock trading at 22 US cents. The JSE USD Equities Index lost 0.16 points to close at 166.94.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 8 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.
All Jamaica just 1,700 points from 400K
The Jamaica Stock Exchange climbed sharply within just a minute of the opening of trading on Thursday, with the All Jamaican Composite Index surging to just under 5,800 points to a new record high and pushing the index within 1,700 points of the critical 400,000 points mark.
The All Jamaican Composite Index surging 5,783.43 points to a record 398,386.05 points and JSE Index surged 5,269.36 points to a record 362,974.75. The Junior Market is down 7.14 points to 3,406.44.
The rise in the main market is due to jump in the prices of Scotia Group trading at $64 and NCB Financial that traded at $123.01 and Kingston Wharves at $73.
JSE All Jamaica surges 7,458 points to record close
The main market of Jamaica Stock Exchange surged to the highest level ever on Wednesday with the All Jamaica Composite Index surging 7,458.32 points to a new record close of 392,602.62 and the JSE Index jumping 6,795.37 points to a record close at 357,705.39.
Market activities resulted in just 29 securities trading, including 2 in the US dollar market compared to 33 securities trading on Tuesday. At the end of trading, the prices of 12 stocks rose, 12 declined and 5 closed trading, unchanged. Three stocks closed at 52 weeks’ high at the close.
The main market ended with 6,162,805 units valued $201,094,929 compared to 4,785,990 units valued at $69,191,788 changing hands, on Tuesday.
The day’s volume was led by, Sagicor Group with 4,574,803 units, 74.23 percent of the volume traded, followed by Jamaica Stock Exchange with 547,640 and 8.9 percent of main market volume and Carreras with 507,942 units and 8.24 percent of the day’s volume.
Trading resulted in an average of 228,252 units valued at an average of $7,447,960, in contrast to 149,562 units valued at over $2,162,243 on Tuesday. The average volume and value for the month to date amounts to 409,365 shares valued $3,936,656, compared to 433,603 shares valued $4,116,343 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Barita Investments jumped $2.80 to closed at a record $18.50, trading 8,800 shares, Berger Paints fell 50 cents to $21.50, with 2,525 stock units changing hands, Caribbean Cement lost 75 cents to finish at $47.50, trading 15,870 shares, Grace Kennedy declined by 50 cents and ended trading of 25,183 shares at $57.00, JMMB Group climbed $1 and ended at record $33, with 9,700 shares trading. Kingston Wharves gained $2 and finished at $72 trading 500 stock units, Mayberry Investments gained 36 cents and settled at $8.30, exchanging 3,357 units, NCB Financial Group climbed $3 and ended trading 19,217 shares at $123. 
Sagicor Real Estate Fund rose $1 to $12 with the trading of 47,657 units, Salada Foods lost $1 to end trading 8,600 stock units at $18, Scotia Group traded 4,883 units after rising $1 to a record closing high of $63 and Sygnus Credit Investments lost $1.03 in trading 58,536 shares to end at $12.50.
Trading in the US dollar market closed with 29,915 units valued at $14,950 as Productivity Business ended trading increased 0.20 cents and completed trading at 55 US cents with 25,300 shares and Proven Investments ended trading with 4,615 shares and declined 0.10 cents to 22 US cents. The JSE USD Equities Index lost 0.76 points to close at 168.80. The JSE USD Equities Index increased 0.04 points to close at 169.56. IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 5 stocks ended with bids higher than their last selling prices and 5 closing with lower offers.
12 day record run ends for JSE stocks
The main market of Jamaica Stock Exchange shot to a new record high on Tuesday putting the All Jamaica Composite Index at 391,561.55 points and the JSE index at 356,765.86 but falling prices of NCB Financial and Kingston Wharves put the halt to the 12 days of unbroken record run.
Shortly after hitting the intraday high, 300,000 of NCB Financial shares were sold between $119.65 down to $110.01 dragging the market into negative territory, but the trading of 55,007 shares after ward lifted the price to $120 at the close.
The market closed, with the All Jamaica Composite Index falling 693.30 points to close at 385,144.30 and the JSE Index losing 631.67 points to close at 350,910.02.
NCB Financial Group fell $6 to $120.
Market activities resulted in just 34 securities trading, including 2 in the US dollar market compared to 33 securities trading on Monday. At the end of trading, the prices of 14 stocks rose, 13 declined and 7 closed trading, unchanged. Three stocks closed at 52 weeks’ high at the close.
The main market ended with 4,785,990 units valued at $69,191,788 compared to 10,670,045 units valued $110,767,731 changing hands, on Monday.
The day’s volume was led by, JMMB Group 7.5% preference share with 1.5 million units, 31.34 percent of the volume traded, followed by JMMB Group 7.25% preference share with 1 million and 20.9 percent of main market volume and Victoria Mutual Investments with 474,825 units and 9.9 percent of the day’s volume.
Trading resulted in an average of 149,562 units valued at over $2,162,243, in contrast to 333,439 shares valued at $3,461,492 on Monday.
The average volume and value for the month to date amounts to 409,365 shares valued $3,936,656, compared to 433,603 shares valued $4,116,343 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Barita Investments climbed 10 cents to end at a record closing high of $15.70, after the price hit a high of $16.50 and trading 12,100 shares, Berger Paints ended at $22 after gaining 55 cents with 10,687 stock units trading, Caribbean Cement lost $1.75 and finished exchanging 20,450 shares at $48.25, Grace Kennedy lost 50 cents to end at $57.50, trading 26,214 shares, Jamaica Broilers rose $1 in trading 16,505 stock units at a record close of $32. JMMB Group ended at 52 weeks’ high of $32 after rising $1 with 41,642 shares, Kingston Wharves fell $2 in trading 9,400 shares at $70, NCB Financial Group dropped $6 and ended trading 359,907 shares at $120, PanJam Investment climbed $2.95 to $56.95 trading 6,571 stock units, Portland JSX fell 80 cents in trading 11,000 shares close at $8.20, 
Pulse Investments gained 41 cents and concluded trading of 500 shares at $2.80, Sagicor Group rose 85 cents and settled at $39.85, trading 76,764 shares. Sagicor Real Estate Fund shed 77 cents and settled at $11, trading 287,700 shares. Scotia Group jumped $1.49 to end at a record close of $62, after trading 29,759 units and Seprod dropped $3 to end at $47 in trading 13,368 units.
Trading in the US dollar market closed with 3,406 units valued at $2,476 as JMMB Group 6% preference share completed trading 2,041 stock units at $1.05, Proven Investments ended trading with 1,365 shares at 23 US cents. The JSE USD Equities Index increased 0.04 points to close at 169.56.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 5 stocks ended with bids higher than their last selling prices and 5 closing with lower offers.
One-off gains push up Scotia’s profit
Scotia Group reports growth of 24 percent in net profit to $11.2 billion for the nine months to July, but importantly, profit jumped a strong 37 percent in the July quarter, over that of 2017 to $4.4 billion as net revenues climbed in the quarter by $940 million and costs were effectively flat.
While the results are impressive, especially in light of recent years of weak growth, the improvement is boosted by what could be considered as one-off income. The nine months profit that grew by $2.2 billion over the similar period in 2017, inclusive of gains on the sale of a subsidiary of $750 million. In addition, the group enjoyed above average foreign exchange trading gains, partially as a result of the relatively sharp slippage in foreign exchange rate of the Jamaican dollar. Excluding, the exceptional income profit would be modestly up from the results of the prior year.
The year’s operations was impacted by lower cost and lower income in some areas while income for some other segments grew. Total revenues excluding impairment losses on loans for the nine months to July increased 10.7 percent to $33 billion, over the prior year. “While there were increased loan and transaction volumes across the business lines, this was offset by reduced net interest margins as a result of lower interest rates,” the group’s CEO and President, David Noel stated in the report to shareholders. Net interest income after impairment losses for the period was $17.9 billion, compared to $18.44 billion the same period in 2017. For the quarter, net interest income declined by nearly $460 million before loan impairment losses, to $6.3 billion and by $427 million after to $5.68 billion.
David Noel new Scotia Group’s CEO.
Net fees and commission income was $6.1 billion, down $477 million or 7 percent compared to last year, impacted by the ongoing shift from branch transactions to online and mobile transactions which Scotia states, “attract lower fees,” Insurance revenue increased by $135 million to $2.4 billion or 6 percent, due to growth in core insurance business and actuarial reserve releases from changes in assumptions on valuation of the portfolios. Net gains on foreign currency activities and financial assets amounted to $4.6 billion, up $2.5 billion, more than 100 percent compared to last year based on increased market activities and revaluation gains. For the quarter, net fees and commission income dipped to $2 billion from $2.17 billion, gains on foreign trading jumped sharply from $570 million to $1.95 billion due partially to the sharp depreciation of the Jamaican dollar. Gains in financial assets rose from $228 million to $598 million but insurance revenue fell from $567 million to $525 million.
Operating Expenses of $16.3 billion for the nine months, increased $145 million or just 1 percent compared to prior year. Salaries and staff benefit costs declined $414 million, while other operating expenses grew by $575 million. For the quarter cost rose from $5 billion to $5.07 billion as staff cost dipped slightly to $2.45 billion from $2.68 billion.
Loans and advances grew 6.3 percent, with loans after impairment losses increasing to $176.9 billion since the end of the previous fiscal year in October but grew a stronger 3.7 percent between April and July quarter. Impairment losses on loans were down $310 million or 21 percent from last year, due to lower provisioning requirements on a reduced non-accrual loan portfolio as the quality of credit portfolio continues to improve.
An interim dividend of 48 cents per stock unit payable on October 24, was declared. Scotia is trading on the Jamaica Stock Exchange at $62 on Tuesday with a PE of 13.5 times 2018 earnings from continuing operation around $4.50 per share.
12 straight record close for JSE stocks
More records got shattered in trading on The Jamaica Stock Exchange on Monday as the All Jamaica Composite Index (AJI) reached a new high during the trading session at 389,650.08 points, with less than 37 minutes before the close.
While the AJI was pushing closer to the 400,000 mark, JSE Index hit a new high of 355,015.30 having gained 3,504.55 points at 12.23 in the afternoon, before investors pushed down the price of National Financial to the $113 level after it traded for most of the day around the $126-130 level.
The main market closed with just modest gains in the indices and pushed the consecutive daily record close to 12. Monday’s close brings to 35, the number of record close for the year and 23 since the start of July.
The market closed with the All Jamaica Composite Index rising 33.96 points higher to a record close at 385,837.60 and the JSE Index gaining 30.94 points to a record close of 351,541.69.
Market activities resulted in just 33 securities trading, including 1 in the US dollar market compared to 25 securities trading on Friday. At the end of trading, the prices of 15 stocks rose, 8 declined and 10 closed trading, unchanged. Two stocks closed at 52 weeks’ high and while Mayberry Equities traded at a record high of $10.57 but failed to hold on at the close.
The main market ended with 10,670,045 units valued $110,767,731 compared to 2,715,718 units valued at $59,199,085 changing hands, on Friday.
The day’s volume was led by, Wisynco Group with 4,737,868 units 44.4 percent of the volume traded followed by 138 Student Living with 3,333,333 units and 31.24 percent of main market volume and Victoria Mutual Investments with 487,461 units and 4.57 percent of the day’s volume.
Trading resulted in an average of 333,439 units valued at over $3,461,492, in contrast to 118,075 shares valued at $2,573,873 on Friday. The average volume and value for the month to date amounts to 443,910 shares valued $4,190,129, compared to 443,910 shares valued $4,190,129 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Barita Investments climbed $2.65 to close at a record high of $15.60, trading 3,100 shares, as investors show increased interest in the stock with the new majority owners took control after the recent acquisition of the majority shares. 
Berger Paints ended at $21.45 after gaining 44 cents with 5,025 stock units trading, Grace Kennedy lost 40 to end at $58, trading 26,924 shares, Kingston Properties rose 25 cents in concluded trading 7,450 shares at $6, Mayberry Investments fell 80 cents and settled at $8 in trading 31,000 units, NCB Financial Group fell $3 and ended trading 147,486 shares at $126, PanJam Investment shed $2 and closed at $54 trading 12,200 stock units, Pulse Investments declined 41 cents and concluded trading of 17,050 shares at $2.39, Sagicor Group fell 85 cents and settled at $39, trading 13,496 shares. Sagicor Real Estate Fund climbed 77 cents and settled at $11.77, trading 352,320 shares. Scotia Group jumped $4.38 to end at a record close of $60.51, after trading 244,840 units, Seprod climbed $3.10 to end at $50 in trading 3,855 units, Stanley Motta jumped 51 cents in trading 41,600 shares close at $5.31 and Wisynco Group rose 25 cents and finished trading 4,737,868 units at $9.10.
Trading in the US dollar market closed with 220,794 units valued at $50,765 as Proven Investments the sole stock trading in this segment of the market, rose 0.5 cents and ended trading at 23 US cents. The JSE USD Equities Index increased 1.74 points to close at 169.52.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 5 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.
85% of Scotia’s transactions now online
Scotia Group branches now being used less with more use of electronic banking by customers.
According to the banking group in their report to shareholders, “We continue to simplify our operating model to focus on growing our core businesses, enhancing our digital capabilities, and reducing our structural costs.”
Scotia stated that “Our digital strategy continues to deliver new milestones as evidenced by a 24 percent increase in the number of mobile banking customers.” mobile, online, ATM and Point of sale continue to grow and now account for more than 85 percent of all transactions as at July. The banking group is reporting lower operating cost and fee income as a result of the switch.
The sharp fall in branch transactions come against and 7 percent increase in total to $535 billion over assets on the books in July 2017.
2 weeks of record run for JSE stocks
The Jamaica Stock Exchange main market, continues to shatter daily records, with 11 consecutive record close up to Friday, as the all Jamaica composite Index pushes 1,000 points nearer to the 400,000 mark.
The market closed with the All Jamaica Composite Index rising 1,072.57 points higher to a record close at 385,803.63, after peaking around 387,321.24 and the JSE Index gaining 977.24 points to a record close of 351,510.71 after peaking around 352,893.45. Friday’s close brings to 34, the number of record close for the year and 22 since the start of July.
The main market surged to new record at the start of the morning session and continued to create new highs throughout the trading session.
Market activities resulted in just 25 securities trading, including 2 in the US dollar market compared to 30 securities trading on Thursday. At the end of trading, the prices of 12 stocks rose, 11 declined and 2 closed trading, unchanged. The main market ended with 2,715,718 units valued at $59,199,085 compared to 13,536,420 units valued at $68,566,185 changing hands, on Thursday.
The day’s volume was led by, Victoria Mutual Investments with 877,157 units and 32.30 percent of the day’s volume, followed by Sygnus Credit Investments with 483,665 units or 17.8 percent of main market volume and Mayberry Jamaican Equities with 225,459 units 8.3 percent of the volume traded.
Trading resulted in an average of 118,075 units valued at over $2,573,873, in contrast to 483,444 units valued at an average of $2,448,792 on Thursday. The average volume and value for the month to date amounts to 443,910 shares valued $4,190,129, compared to 469,931 shares valued $4,332,558 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Barita Investments climbed $1.68 to close at $12.95, trading 3,577 shares, as investors show increased interest with plans the new majority owners have for the company, to extract much more profits for it going forward. Grace Kennedy rose $1.39 to end at $58.40, trading 165,573 shares, Jamaica Producers jumped $4 and finished trading of 94,085 units at a record high of $27, Kingston Wharves dropped $2 and ended trading 3,197 stock units to close at $72, NCB Financial Group fell $1 and ended trading 154,635 shares at $129, PanJam Investment gained $1 and closed at $56 trading 77,423 stock units, 
Portland JSX put on 60 cents in trading 7,377 shares and ended at $9, Sagicor Group rose 69 cents and settled at $39.85, trading 48,812 shares. Seprod added 90 cents to end at $46.90 in trading 11,025 units and Sygnus Credit Investments jumped 91 cents in trading 483,665 shares close at $13.71.
Trading in the US dollar market closed with 94,323 units valued at US$21,208 as , Margaritaville traded 1,740 shares settled and ended at 19 US cents and Proven Investments lost 0.5 cents and ended trading of 92,583 shares at 22.5 US cents. The JSE USD Equities Index declined by 1.78 points to close at 167.78.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 5 stocks ended with bids higher than their last selling prices and 4 closing with lower offers.
All Jamaica 400K push continues – Thursday
NCB traded at a 52 weeks’ high of $130 on Thursday.
The Jamaica Stock Exchange main market ended at a 10th consecutive record close on Thursday with the all Jamaica composite Index pushing nearer to the 400,000 mark aided by a rise in the price of 18 main market stocks.
The market closed with the All Jamaica Composite Index surging 5,960.37 points higher to a record close at 384,731.07 and the JSE Index jumping 5,430.57 points to a record close of 350,533.51. Thursday’s close brings to 33, the number of record close for the year and 21 since the start of July. The main market surged to new record high at the start of the morning session and continued to create new highs during the first 90 minutes of trading as NCB Financial traded at $125 and Kingston Wharves at $75 to be aided by Jamaica Producers that traded as high as $28.50.
Market activities resulted in 30 securities trading, including 2 in the US dollar market compared to 34 securities trading on Wednesday. 
At the end of trading, the prices of 20 stocks rose, 4 declined and 6 closed trading, unchanged. The main market ended with 11,678,084 units valued at $147,689,924 changing hands, compared to 3,156,915 units valued at $54,279,819, on Wednesday.
The day’s volume was led by, JMMB Group 7.5% preference share closed with 8,042,693 shares and 59.4 percent of the day’s volume, the JMMB Group 7.25% preference share ended with 2,772,000 shares, 20.5 percent of main market volume,and Wisynco Group with 620,232 units for just 4.6 percent of the volume traded.
Trading resulted in an average of 483,444 units valued at an average of $2,448,792, in contrast to 432,522 units valued at an average of $5,469,997 on Wednesday. The average volume and value for the month to date amounts to 469,931 shares valued $4,332,558, compared to 468,476 shares valued $4,558,933 traded on the immediately preceding trading day.
JSE breaks several records in trading on Thursday morning
August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Barita Investments gained 77 cents and closed at $11.27, trading 2,850 shares, Caribbean Cement added $1.44 to finish at $50 with 14,153 shares trading, Grace Kennedy fell $2 to end at $57, trading 238,210 shares, Jamaica Broilers climbed $1.05 in trading 108,185 stock units at record high of $31, Jamaica Producers gained 50 cents and finished trading 7,000 units at a record high of $23, JMMB Group climbed 98 cents and ended trading 142,794 shares at $30.99. Kingston Wharves jumped $4 and ended trading 13,948 stock units to close at a record high of $74, Mayberry Investments jumped $2 to settle at $9, with 271,631 units changing hands, NCB Financial Group jumped $8 and ended trading 121,984 shares at a record close of $130,
PanJam Investment gained $1 and closed at $55 trading 7,285 stock units, Sagicor Real Estate Fund fell 52 cents and settled at $11.23, trading 124,980 shares. Scotia Group rose $1.18 in trading 56,316 units at $56.20, Supreme Ventures added 35 cents and ended at $16.40, 11,824 shares changing hands.
Trading in the US dollar market closed with 24,665 units valued US$9,781 as , JMMB Group 6% preference share completed trading of 4,950 stock units at $1.06, and Sygnus Credit Investments ended trading of 19,715 shares at 12 US cents. The JSE USD Equities Index advanced by 1.94 points to close at 169.56.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 11 stocks ended with bids higher than their last selling prices and 1 closing with a lower offer.