JSE inch up on Wednesday

Carreras climbed to a 52 weeks’ high of $92 on Wednesdaay.

Big movements in a number of main market stocks were mixed at the close of the Jamaica Stock Exchange on Tuesday, leaving the market indices with moderate gains with one stock climbing to a new high.
The All Jamaica Composite Index advanced 126.62 points to 259,635.75, the JSE Market Index gained 115.36 points to 236,557.57 and the JSE US dollar market index dropped 2.64 points to close at 171.83. At the close of trading, 26 securities changed hands in the main market with 2 trading in the US dollar market and one bond traded, leading to 7 stocks advancing and 13 declining. Carreras closed at a new 52 weeks’ high at the conclusion of trading. The main market ended with 5,512,413 units valued at $131,703,756 changing hands compared to 3,076,517 units valued at $75,479,037 at the close on Tuesday. Trading in the US dollar market accounted for 1,886,641 units valued at US$414,205, bringing the total value to J$184,887,663.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 7 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 212,016 units valued at $5,065,529 for each security traded, compared to an average of 133,762 units valued at $3,281,697. The average volume and value for the month to date ended at 155,508 units with an average value of $3,821,656 compared with an average of 127,255 units with an average of $3,199,719 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints closed at $15.50, losing $1, trading 3,486 shares, Cable and Wireless gained 3 cents and closed at $1.13, with 70,616 stock units switching owners, Carreras jumped $1.99 higher, in closing at a 52 weeks’ high of $92 with 84,094 shares changing hands, Grace Kennedy closed at $40.50, with a loss of $1.50, trading 24,428 units. Jamaica Broilers gained 30 cents, closing at $18, with an exchange of 137,347 shares, Jamaica Producers closed at $15, losing 70 cents with 6,700 shares trading. Jamaica Stock Exchange lost 15 cents to close at $6.95, trading 46,311 shares, JMMB Group closed at $19, with a loss of $1 exchanging 9,377 units, Kingston Properties traded 95 cents lower to close at $9, with 4,000 units changing hands, Kingston Wharves closed at $29, losing 50 cents while trading 5,165 shares, Mayberry Investments closed at $4.60, with 3,000 shares changing hands. NCB Financial Group climbed $1.45 to close at $70, after exchanging 768,259 shares, 1834 Investments added 15 cents, in closing at $1.50 with 30,292 shares traded, PanJam Investment closed at $34.50, losing 70 cents with trades of 18,348 shares, Proven Investments lost 1 cent to close at $24 exchanging 2,439,750 shares, Pulse Investments closed at $3.50, with a loss of 85 cents and 22,500 shares changing hands, Radio Jamaica traded 86,675 shares at $1.60. Sagicor Group closed at $33.50, with gains of 40 cents trading 28,638 shares, Sagicor Real Estate gained 14 cents to close at $12.24 exchanging 1,015 units. Scotia Group traded $2.45 lower, closing at $42.55 with an exchange of 10,927 shares, Scotia Investments closed at $36.01, losing $1.99 with 42,553 shares changing hands, Seprod traded 29,647 shares at $30 while Supreme Ventures closed at $7.77, with an exchange of 73,630 shares. Margaritaville Turks US ordinary share closed at 32 US cents, with trades of 34,800 units, Proven Investments US ordinary share closed at 22 US cents trading 1,833,841 units, JMMB Group 7.5% preference share lost 1 cent, closing at $1.10 with 1,309,213 units exchanged and JMMB 7.5% preference share closed at $1.85, with 171,442 units traded.

One Caribbean Media takes 91% of trade

One Caribbean Media dominated market activity Trinidad & Tobago Stock Exchange on Monday with 91 percent of both the 1,204,518 units traded and the value of $18,120,647 traded. Monday’s trading compared to Friday’s 2,080,937 units valued at $4,909,138.
Trading resulted in 14 securities changing hands compared to 15 on Friday and at the close on Monday, 4 stocks advanced, 3 declined and 7 were unchanged.
The Composite Index gained 0.07 points to 1,209.25, the All T&T Index lost 0.10 points to 1,790.94 and the Cross Listed Index rose 0.03 points to close at 84.09.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| Clico Investment closed at $22.51, gaining 1 cent with 12,000 shares traded, National Enterprises added 1 cent, closing at $10.50 with an exchange of 650 units, One Caribbean Media traded 1 cent higher to close at $15.01, exchanging 1,093,186 shares valued at $16,408,722 and Scotia Investments closed at $2, with gains of 4 cents trading 1,000 units.
Losses| Angostura Holdings closed at $15, losing 1 cent with an exchange of 7,772 shares, Massy Holdings lost 1 cent to close at a 52 weeks’ low of $49.99, with 5,360 shares changing hands and National Flour Mills closed at a 52 weeks’ low of $2.20, with a loss of 9 cents trading 1,500 shares.
Firm Trades| Ansa Merchant Bank exchanged 6,800 shares at $40, Berger Paints closed at $4.05, with trades of 2,551 units, Prestige Holdings traded 200 units at $10.74. Sagicor Financial closed at $8.50, exchanging 35,000 units, Scotiabank remained at $58.01, with 5,615 shares valued at $325,700 trading, Trinidad & Tobago NGL exchanged just 87 units at $21.90 and Trinidad Cement closed at $4.14, with 32,797 shares changing hands.

Scotia Investments dominates trading

Scotia Investments now the subject of a proposed buyout by the Jamaica parent Scotia Group dominated trading on the Trinidad & Tobago Stock Exchange on Friday with 97 percent of the trades. The stock gained 6 cents to close at $1.96, with trading 2,024,656 shares valued at $3,948,159.
A total of 15 securities changed hands compared to 19 on Thursday as 2,080,937 shares were exchanged by investors, valued at $4,909,138 on Friday compared to Thursday’s 153,171 units valued at $8,814,925. At the close, 1 stock advanced, 5 declined and 9 remained unchanged.
The Composite Index fell 0.32 points to 1,209.18, the All T&T Index declined 0.56 points to 1,791.04 and the Cross Listed Index lost 0.01 point to close at 84.06.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Scotia Investments was the only stock closing higher at the close of trading on Friday.
Losses| Guardian Holdings closed at $16.10, losing 10 cents with an exchange of 16,540 shares, One Caribbean Media lost 1 cent to close at $15, with 300 shares changing hands, Prestige Holdings closed at a 52 weeks’ low of $10.74, with a loss of 1 cent trading 580 shares. Trinidad & Tobago NGL traded 40 cents lower, closing at $21.90 with trades of 1,500 units and Trinidad Cement closed at $4.14, with a loss of 1 cent exchanging 5,000 shares.
Firm Trades| Ansa McAL exchanged 2,920 shares at $66.01, Clico Investment closed at $22.50, with trades of 200 units and First Citizens traded 500 units at $31.65. Grace Kennedy held firm at $2.70, with 16,894 shares changing owners, JMMB Group remained at $1.23, with 1,000 units traded, Massy Holdings closed at $50, with an exchange of 5,000 shares. Republic Financial Holdingsheld firm at $101.90, with 650 units changing hands, Sagicor Financial closed at $8.50 trading 5,000 units and Scotiabank exchanged 197 shares at $58.01.

Stocks end Friday with big gains

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Trading in the main market of the Jamaica Stock Exchange closed on Friday with a big jump in the indices as the number of stocks rising climbed to 15 with just 7 declining out of a total of 26 securities trading in the US dollar and main markets. A number of stocks recorded big price movements by the close.
At the close, the All Jamaica Composite Index advanced 1,704.13 points to 257,973.24, the JSE Market Index gained 1,552.66 points to 235,042.84 and the JSE US dollar market index fell 6.29 points to close at 180.97. Trading in the main market ended with 1,531,947 units valued at $26,473,230 changing hands compared to 797,671 units valued at $13,179,281 at the close on Thursday. The US dollar market, closed with 3 securities trading and accounted for 117,720 units valued at US$56,637.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 13 stocks with bids higher than their last selling prices and 1 with a lower offer.
The main market ended trading with an average of 66,606 units valued at $1,151,010 for every security traded compared to an average of 37,984 units valued at $627,585 on Wednesday. The average volume and value for the month to date ended at 218,951 units with an average value of $3,871,959 compared with an average of 226,206 units with an average value of $4,001,529 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
In market activity, Berger Paints jumped $2.97 to close at $17.97 trading 3,109 shares, Cable and Wireless closed at $1.16, with 37,558 stock units changing hands, Caribbean Cement climbed $2.50 higher to close at $28 in the exchange of 24,200 shares, Carreras advanced $2.40 to close at $89, with 5,200 units trading, Grace Kennedy closed at $41, losing 50 cents with an exchange of 33,303 units, Jamaica Producers gained 5 cents to close at $16, with 14,263 units crossing the exchange platform. Jamaica Stock Exchange closed at $7 and gained 10 cents trading 319,683 shares, JMMB Group closed at $19.97, after surging $1.47 while exchanging 274,716 units, Kingston Properties traded 182 units at $9.95, Kingston Wharves gained 95 cents to close at $29.85, trading of 101,472 shares, Mayberry Investments closed at $5.10, with a rise of 55 cents, exchanging 53,120 shares. NCB Financial Group closed at $70, with a loss of $1 after exchanging 45,412 shares, 138 Student Living closed at $4.50 trading 19,823 shares, PanJam Investment closed at $34.89, with trades of 17,800 shares. Pulse Investments lost 49 cents to close at $17.50 exchanging 69,754 shares, Radio Jamaica gained 10 cents to close at $1.60, with 7,769 units changing hands, Sagicor Group closed at $33.09, with a loss of 1 cent exchanging 49,302 shares, Sagicor Real Estate Fund traded $1 higher to close at $12, with 29,966 shares changing owners, Scotia Group closed at $43, gaining 49 cents trading 61,260 shares, Scotia Investments closed at $38, with gains of $1.42 exchanging 30,000 units. Seprod added 7 cents to close at $28.07, with trades of 1,149 shares while Supreme Ventures closed at $7.45, with a rise of 15 cents with 70,200 shares changing hands. Proven Investments US ordinary shares closed at 24 US cents, with an exchange of 20,364 units, after rising by a fraction of a cent, Margaritaville Turks US ordinary shares lost 0.02 US cents to close at 32 US cents, trading 73,174 units, JMMB Group US 6% preference share traded 0.03 US cents lower, closing at US$1.10 with 24,182 units exchanged and Proven 8.25% preference share lost 2 cents to close at $5.15, with 262,706 units traded.

Grace takes 86% of TTSE trades

Grace Kennedy accounts for 86% of trades on the TTSE on Thursday.

Jamaica’s Grace Kennedy accounted for 86 percent of the volume and 38 percent of the value traded on the Trinidad & Tobago Stock Exchange on Thursday. The market closed with a sharp rise in the level of activity compared with Wednesday’s with 19 securities trading, compared to 13 on Wednesday.
The market traded 1,447,071 units at a value of $8,814,925 compared to Wednesday’s trades of 201,265 units valued at $1,870,224. At the close, 4 stocks advanced, 6 declined and 9 were unchanged.
The Composite Index gained 0.11 points to 1,209.50, the All T&T Index added 0.08 points to 1,791.60 and the Cross Listed Index gained 0.02 points to close at 84.07.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| NCB Financial Group gained 5 cents to close at $4.05 trading 2,575 shares, Scotiabank closed at $58.01, gaining 1 cent with 371 shares changing hands, Trinidad Cement gained 1 cent to close at $4.15 exchanging 32,000 shares and Trinidad & Tobago NGL traded 50 cents higher, closing at $22.30 with 25,798 units changing hands at a value of $565,499.
Losses| Ansa McAL lost 1 cent to close at $66.01, with an exchange of 5,215 shares valued at $344,269, Clico Investment closed at $22.50, losing 1 cent trading 9,465 shares, JMMB Group traded at $1.23, with a loss of 3 cents exchanging 23,880 shares. Point Lisas closed at $3.88, losing 12 cents with 15,000 units trading, Scotia Investments closed at $1.90, with a loss of 23 cents trading 8,600 shares and West Indian Tobacco lost 6 cents to close at a 52 weeks’ low of $125.94, with 8,950 shares changing hands valued at $1,127,163.
Firm Trades| Ansa Merchant Bank exchanged 31,400 shares valued at $1,256,004, to close at $40, Berger Paints closed at $4.05, with 2,449 units changing hands, First Caribbean International exchanged 20,000 units at $7.70. Grace Kennedy traded 1,245,000 shares at $2.70, valued at $3,361,500, Guardian Holdings closed at $16.20, with an exchange of 1,243 units, Massy Holdings closed at $50, with an exchange of 55 shares. National Enterprises held firm at $10.49, with 288 units changing hands, One Caribbean Media remained at $15.01 with 200 units traded and Republic Financial Holdings remained at $101.90, with 14,582 shares changing hands at a value of $1,485,898.

JSE majors drop 3,000 pts in 2 days

The Jamaica Stock Exchange closed on Thursday with the All Jamaica Composite Index shedding more than 3,000 points in two days and the JSE Market Index losing over 2,800 points over the same period as declining stocks dominated those rising, with one stock ending at an all-time high.
The All Jamaica Composite Index dropped 2,038.00 points to close at 256,269.11, the JSE Market Index declined 1,856.85 points to 233,490.18 and the JSE US dollar market index gained 4.14 points to close at 187.26.
At the close of trading, 21 securities changed hands in the main market with 2 trading in the US dollar market, leading to 7 stocks advancing and 11 declining. Trading in the main market ended with 797,671 units valued at $13,179,281 changing hands compared to 1,699,314 units valued at $60,267,634 at the close on Wednesday. Trading in the US dollar market accounted for 211,725 units valued at US$49,744.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and none closing lower offers.
The main market ended trading with an average of 37,984 units valued at $627,585 for every security traded compared to an average of 77,242 units valued at $2,739,438 on Wednesday. The average volume and value for the month to date ended at 226,206 units with an average value of $4,001,529 compared with an average of 235,617 units with an average value of $4,170,226 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
In market activity, Berger Paints closed at $15, after gaining 70 cents and trading 23,799 shares, Cable and Wireless closed at $1.16, with gains of 3 cents and 8,742 stock units changing ownership, Caribbean Cement traded $2.50 lower to close at $25.50 exchanging 14,000 shares,Carreras lost 20 cents to close at $86.60, with 12,614 units trading, Grace Kennedy gained $1.40 and closed at $41.50, with an exchange of 8,480 units, Jamaica Producers lost 5 cents to close at $15.95, with 2,674 units changing hands. Jamaica Stock Exchange closed at $6.90, after losing 9 cents and trading 11,700 shares, JMMB Group closed at $18.50, with 58,295 units changing owners, Kingston Properties traded 4,500 units at $9.95, Mayberry Investments closed at $4.55, after losing 20 cents with an exchange of 4,200 shares. NCB Financial Group closed at $71, gaining 1 cent after exchanging 54,489 shares, 1834 Investments closed 15 cents lower at $1.35 trading 33,400 shares, Palace Amusement gained $2, closing at an all-time high of $500, with an exchange of 586 shares, PanJam Investment closed at $34.89, gaining 2 cents with trades of 7,552 shares. Radio Jamaica lost 10 cents to close at $1.50 trading 40,900 units, Sagicor Group closed at $33.10, with a loss of 10 cents exchanging 32,601 shares, Sagicor Real Estate fund traded 50 cents lower to close at $11, with 5,380 shares changing hands, Scotia Group closed at $42.51, losing 1 cent in exchanging 18,762 shares, Scotia Investments closed at $36.58 trading 400 units while Supreme Ventures closed at $7.30, losing 15 cents with 450,810 shares changing owners. Proven Investments US ordinary shares closed at 23.99 US cents, gaining 0.01 US cent, with 203,725 units changing hands, Sterling Investments US ordinary shares traded 8,000 units at 0.11 US cents and JMMB Group 7.5% preference share closed at $1.13 exchanging 3,787 units.

JSE indices drop Wednesday

Trading in the main market of the Jamaica Stock Exchange closed on Wednesday with the number of stocks rising and falling being almost even. Trading volumes declined while the values increased compared to the prior day but the market indices closed lower.
The All Jamaica Composite Index fell 1,045.65 points to close at 258,307.11, the JSE Market Index declined 952.70 points to 235,347.03 and the JSE US dollar market index gained 1.72 points to close at 183.12.
At the close of trading, 22 securities changed hands in the main market, with 1 trading in the US dollar market, leading to 7 stocks advancing and 8 declining. Trading in the main market ended with 1,699,314 units valued at $60,267,634 changing hands compared to 2,115,285 units valued at $50,230,238 at the close on Tuesday. Trading in the US dollar market accounted for 5,145 units valued at US$1,201.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 6 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 77,242 units valued at a mere $2,739,438 for every security traded compared to an average of 88,137 units valued at $2,092,927 on Tuesday. The average volume and value for the month to date ended at 235,617 units valued at $4,170,226 compared with an average of 243,952 units with an average value of $4,245,530 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
In market activity, Barita Investments closed at $6.50, with a loss of 50 cents exchanging 122,700 shares, Berger Paints closed at $14.30, after gaining $1.30 trading 3,468 shares, Carreras gained 30 cents to close at $86.80, with 10,436 units trading, Grace Kennedy dropped $1.90 to close at $40.10, with an exchange of 468,413 units, Jamaica Broilers closed at $17.60, with a loss of 40 cents trading 11,000 shares, Jamaica Producers exchanged 4,742 units at $16. Jamaica Stock Exchange closed at $6.99 trading 47,474 shares, JMMB Group closed at $18.50, with 32,333 units changing owners, Kingston Properties traded 5,000 units at $9.95, Kingston Wharves closed at $28.90, with trades of 1,370 shares. Mayberry Investments closed at $4.75, gaining 20 cents with an exchange of 52,105 shares, NCB Financial Group closed at $70.99, with a loss of 41 cents after exchanging 56,856 shares, 1834 Investments gained 5 cents to close at $1.50 trading 17,269 shares, PanJam Investment lost 2 cents to close at $34.87, with trades of 14,326 shares. Portland JSX advanced $2 to close at $11, with 62,072 shares changing hands, Pulse Investments closed at $17.99, with an exchange of 4,584 shares, Radio Jamaica gained 10 cents to close at $1.60 trading 17,627 units, Sagicor Group closed at $33.20, with a loss of $1.33, trading 3,921 shares, Sagicor Real Estate Fund gained 50 cents to close at $11.50, with 3,450 shares changing hands. Scotia Group traded $2.98 lower to close at $42.52 exchanging 734,967 shares, Scotia Investments closed at $36.58 trading 10,100 units while Supreme Ventures closed at $7.45, losing 20 cents with 15,101 shares changing owners. Proven Investments US ordinary shares closed at 23 US cents, with 5,145 units changing hands.

 

Proven shareholders sending message

Investors in Proven Investments US ordinary shares a strong message to the management of the group by talking with their money. Last week, the company’s shares were sold at $20 and less in the Jamaican dollars on the main market of the stock exchange when the price in the US dollar market was near J$31.
On Tuesday 550,000 shares were sold at J$24 in the JSE main market while 1.83 million units traded, with the stock closing at 23 US cents, 1 US cent less than the price of the right issue. The price has suffered a steep fall since the company released the full year results to March and got worse since the announcement of the rights.
Trading in the main market of the Jamaica Stock Exchange closed on Tuesday with the market indices rising, even as advancing stocks were fewer than declining stocks. At the close, the All Jamaica Composite Index advanced 898.62 points to close at 259,352.76, the JSE Market Index gained 818.75 points to 236,299.73 but the JSE US dollar market index lost 5.93 points to close at 181.40.
At the close of trading, 24 securities changed hands in the main market of the exchange with 1 trading in the US dollar market, leading to 9 stocks advancing and 12 declining. Trading in the main market ended with 2,115,285 units valued at $50,230,238 changing hands compared to 1,709,564 units valued at $44,534,888 at the close on Monday. Trading in the US dollar market accounted for 1,828,601 units valued at US$421,790.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 4 stocks with bids higher than their last selling prices and 1 with a lower offer.
The main market ended trading with an average of 88,137 units valued at $2,092,927 for every security traded compared to an average of 74,329 units valued at $1,781,396 on Monday. The average volume and value for the month to date ended at 243,952 units with an average value of $4,245,530 compared with an average of 252,609 units with an average value of $4,365,119 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
In market activity, Berger Paints closed at $13, losing $1.30 trading 7,842 shares, Cable and Wireless closed at $1.13, with 23,303 stock units changing owners, Caribbean Cement traded $3 higher to close at $28 exchanging 26,007 shares, Carreras lost 30 cents to close at $86.50, with trades of 916 units, Grace Kennedy closed at $42, gaining $1 with an exchange of 11,922 units, Jamaica Broilers closed at $18, with gains of 9 cents trading 120,579 shares, Jamaica Producers exchanged 17,174 units to close at $16. Jamaica Stock Exchange lost 1 cent, closing at $6.99 trading 115,220 shares, JMMB Group gained $1.47 to close at $18.50, with 301,494 units changing owners and Kingston Wharves lost $1.10 to close at $28.90 trading 8,540 shares. Mayberry Investments closed at $4.55, losing 45 cents with trades of 5,600 shares, NCB Financial Group closed at $70, with gains of $1.40 after exchanging 93,364 shares and PanJam Investment gained 79 cents to close at $34.89, with trades of 26,073 shares. Proven Investments traded $3 higher to close at $24 exchanging 550,000 shares, Pulse Investments closed at $17.99, losing 1 cent with an exchange of 500 shares, Sagicor Group closed at $34.53, gaining 43 cents trading 48,115 shares and Sagicor Real Estate fund lost 60 cents to close at $11, with 146,392 shares changing hands. Scotia Group closed at $45.50, with gains of $2.99 exchanging 324,221 shares, Scotia Investments closed at $36.58, with a loss of 42 cents trading 194 units, Seprod traded $2 lower to close at $28, with an exchange of 6,700 shares while Supreme Ventures closed at $7.65, gaining 24 cents with 86,000 shares changing owners. Proven Investments US ordinary shares closed at 23 US cents, losing 0.01 US cent with trades of 1,828,601 units, JMMB 7.5% preference share lost 5 cents to close at $1.85 exchanging 75,500 shares, JMMB Group 7.5% preference share closed at $1.13 trading 329 units and Proven Investments 8.25% preference share traded 119,300 units at $5.17.

No spike in TTSE trading after holiday

All three market indices closed higher at the end of trading, on the Trinidad & Tobago Stock Exchange on Tuesday, after trading resumed following the closure on Monday for a public holiday. The market closed with only 7 securities being exchanged compared to 8 on Friday.
At the end of trading 68,846 securities traded valued at $1,366,738 in contrast to Friday’s trades of 507,698 units, valued at $10,611,513. Market activity led to 3 stocks advancing, 2 declining and 2 were unchanged. Clico Investment dominated with 86 percent of the market’s value.
The Composite Index gained 0.47 points to 1,211.53, the All T&T Index rose 0.55 points to 1,790.61 and the Cross Listed Index gained 0.05 points to close at 84.76.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Ansa McAL gained 1 cent to close at $66.01 exchanging 100 shares, NCB Financial Group closed at a 52 weeks’ high of $4.06, gaining 5 cents in trading 5,000 shares and Trinidad & Tobago NGL traded 25 cents higher, closing at $21.50 with 6,575 units changing hands.
Losses| Clico Investment closed at $22.50, losing 1 cent with an exchange of 52,500 shares valued at $1,181,252 and Scotia Investments traded 32 cents lower to close at $2.13, with 2,300 units changing hands, with the price coming closer to the price of J$38 approximately TT$2 being offered by Scotia Group.
Firm Trades| First Citizens exchanged 311 shares at $31.65 and JMMB Group closed at $1.26, with 2,060 units trading.

JSE gains more than 1000 points Wednesday

Palace jumped $50 to $390 on Wednesday.

Trading in the main market of the Jamaica Stock Exchange closed on Wednesday with a number of stocks rising even as trading values declined when compared to the prior day and the market indices trended lower. The All Jamaica Composite Index gained 1,244.46 points to close at 259,440.27, the JSE Market Index rose 1,133.84 points to 236,379.46 and the JSE US dollar market index lost 12.35 points to close at 188.10.
At the close of trading, 26 securities changed hands in the main market and 2 traded in the US dollar market, leading to 14 stocks advancing and 6 declining. Trading in the main market ended with 2,290,612 units valued at $72,785,626 changing hands compared to 3,513,896 units valued at $221,929,673 at the close on Tuesday. Trading in the US dollar market accounted for 197,172 units valued at US$48,999.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 3 stocks with bids higher than their last selling prices and 3 with lower offers.

The main market ended trading with an average of 88,100 units valued at a mere $2,799,447 for every security traded compared to an average of 140,556 units valued at $8,877,187 on Tuesday. The average volume and value for the month to date ended at 194,786 units with an average value of $4,462,018 compared with an average of 202,407 units with an average value of $4,580,773 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
In market activity, Barita Investments traded 300 shares at $7, Berger Paints closed at $16, with a loss of $1.50 exchanging 16,449 shares, Cable and Wireless closed at $1.15, with 154,414 stock units trading, Caribbean Cement gained 60 cents to close at $27.50 trading 36,750 shares, Carreras closed at $86.70, with an exchange of 16,052 units, Grace Kennedy gained 30 cents and closed at $41.30, with 86,113 units changing hands, Jamaica Broilers closed at $17.90, with a loss of 10 cents trading 136,061 shares, Jamaica Producers traded 15 cents higher to close at $16, with an exchange of 6,000 units. Jamaica Stock Exchange gained 5 cents, closing at $6.95 trading 21,204 shares, JMMB Group closed at $20, after gaining 50 cents with 69,565 units changing owners, Kingston Properties closed at $10.25 with 384 units trading, Kingston Wharves traded $1.72 higher to close at $29.50, with an exchange of 1,798 shares. Mayberry Investments closed at $5.20, with gains of 70 cents trading 10,000 shares, NCB Financial Group closed at $71.50, losing 50 cents after exchanging 167,790 shares, 1834 Investments closed at $1.50, with 35,444 units changing hands, 138 Student Living gained 2 cents to close at $4.50, with 10,000 units, Palace Amusement jumped $50 and closed at a new all-time high of $390, trading 200 units, PanJam Investment exchanged 58,141 shares to gain 1 cent and end at $34. Pulse Investments traded 50 cents higher to close at $17.50, with an exchange of 4,756 shares, Radio Jamaica exchanged 85,169 shares at $1.60,Sagicor Group closed at $34.50, gaining 30 cents, trading 717,539 shares. Scotia Group closed at $42.53, after losing $1.02 in exchanging 510,077 shares, Scotia Investments closed at $37 with 22,356 units changing hands while Supreme Ventures gained 45 cents and closed at $7.45, with 111,000 shares trading. Proven Investments closed at 24 US cents, with a loss of 0.02 US cents, trading 183,292 ordinary shares, Margaritaville Turks lost 0.01 US cent to close at 34 US cents exchanging 13,900 units, JMMB 7.5% preference share lost 10 cents to close at $1.90, with 7,850 units changing hands and Proven 8.25% preference share gained 20 cents, closing at $5.40, with 5,200 units traded.