Another jump for JSE majors – Wednesday

March 27, 2019 by

Supreme Ventures traded at a new record high on Wednesday.

Jamaican Stocks made another sizable push higher in trading on the main market of the Jamaica Stock Exchange on Wednesday with the market, indices rising more than 2,000 points gained on Tuesday.
At the close of trading, the JSE All Jamaican Composite Index jumped 3,483.21 points to 424,499.16 and the JSE Index climbed a strong 3,165.22 points to 386,748.97.
At the close of the main and US markets, 34 securities traded, compared to 33 on Tuesday and leading to 15 advancing, 9 declining and 10 closing unchanged. Caribbean Cement and Supreme Ventures ended at 52 weeks’ closing high.
Trading ended with 84,511,402 units at $295,941,707 compared to 3,652,445 units at $151,937,909, changing hands on Tuesday. Radio Jamaica led trading with 84.5 million shares, accounting for 92 percent of the day’s volume in the main market, followed by JMMB Group 7.5% preference share with 1.4 million units or 1.7 percent of the volume traded and Supreme Ventures with 945,125 shares amounting to one percent of the overall volume.
Market activity ended with an average of 2,560,952 units valued at an average of $8,967,930 for each security traded. In contrast to 121,748 units for an average of $5,064,597 on Tuesday. The average volume and value for the month to date, amounts to 468,945 shares at $10,386,003 for each security traded, in contrast to 347,829 shares at $10,473,147 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 13 stocks ending with bids higher than their last selling prices and none closing with a lower offer.
In main market activity, Barita Investments closed with a rise of $1.49 at $42.49, with 35,029 shares trading, Berger Paints gained 25 cents to $20.25, in exchanging 94,100 stock units, Caribbean Cement jumped $4 to a record close of $59, with 544,203 shares changing hands. Eppley traded 355 shares and jumped $1.07 to $10.57, Jamaica Broilers dropped 40 cents and finished trading 231,810 units at $31.50, Jamaica Producers lost 45 cents to close at $21.55, with 15,466 shares changing hands, JMMB Group rose 99 cents trading of 342,433 shares to close at $31.99. Kingston Properties lost 60 cents to settle at $6, trading 1,673 units, Kingston Wharves jumped $1.99 and finished at $72, with an exchange of 80,966 stock units, Mayberry Investments lost 49 cents trading 287,560 shares to close at $8.01,  NCB Financial Group  gained 30 cents trading 416,046 shares at $145.  Pulse Investments  gained 49 cents to finish at $2.99, with 183,602 shares trading, Sagicor Group  rose 65 cents to settle at $39.65, with 334,231 shares changing hands. Seprod fell 45 cents to close at $43 in trading 53,653 shares and Supreme Ventures  rose $1.50 to finish at a 52 weeks’ closing high of $27.50, with an exchange of 945,125 units.
Trading in the US dollar market resulted in 160,021 units for US$36,774 changing hands with Proven Investments traded 160,021 units at 22.99 US cents. The JSE USD Equities Index lost 0.08 points to close at 179.78.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Pick up in JSE trading – Tuesday

March 26, 2019 by

Trading on the main market of the Jamaica Stock Exchange ended on Tuesday with JSE All Jamaican Composite Index recovered 2,246.27 points it lost on Monday to reach 421,015.95 and the JSE Index regained 2,041.20 points to end at 383,583.75.
Volume traded climbed 30 over Monday’s level to 3,652,445 units but the value more than doubled, to $151,937,909, compared to 2,806,548 units valued $75,154,263 changing hands on Monday.
At the close of the main and US markets, 33 securities traded, compared to 30 on Monday and leading to 10 advancing, 12 declining and 11 closing unchanged. Supreme Ventures ended at a record closing high of $26 but JMMB Group 7% preference share ended at a 52 weeks’ low of $1.95 and drove the yield to 8 percent.
Grace Kennedy led trading with 1,667,776 units, accounting for 46 percent of the day’s volume in the main market, followed by Barita Investments with 551,739 units or 15 percent of the volume traded and Victoria Mutual Investments with 367,668 shares amounting to 10 percent of the overall volume.
Market activity ended with an average of 121,748 units valued at over $5,064,597, in contrast to 96,778 shares valued at $2,591,526 on Monday. The average volume and value for the month to date, amounts to 347,829 shares at $10,473,147 for each security traded, in contrast to 360,389 shares at $10,793,179 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 14 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Barita Investments closed with a loss of $1.49 at $41, with 551,739 shares trading, Berger Paints climbed $1 to $20, in exchanging 1,853 stock units, Caribbean Cement lost 50 cents to close at $55, with 41,992 shares changing hands. Grace Kennedy gained $1 trading 1,667,776 stock units, to close at $59, Jamaica Broilers climbed $1.89 and finished trading 4,783 units at $31.90, JMMB Group rose 98 cents trading of 57,316 shares to close at $31. Kingston Wharves jumped $5.01 and finished at $70.01, with an exchange of 2,179 stock units, NCB Financial Group lost 25 cents and ended trading 85,329 shares at $144.70, Sagicor Group lost 50 cents to settle at $39, with 10,211 shares changing hands. Scotia Group gained 80 cents, trading 1,672 shares, to close at $51, Supreme Ventures rose 50 cents to finish at a 52 weeks’ closing high of $26, with an exchange of 120,455 units.
Trading in the US dollar market resulted in 33,305 units for US$9,172 changing hands with JMMB Group 6% USD preference shares traded 3,300 shares at US$1.01, Proven Investments traded 21,160 units at 22.99 US cents followed by Sygnus Credit Investments exchanged 8,845 units at 11 US cents. The JSE USD Equities Index advanced 0.21 points to close at 179.86.

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Big fall in JSE major indices – Monday

March 25, 2019 by

Supreme Ventures hits record high of $27.90 on Monday.


Trading on the main market of the Jamaica Stock Exchange ended on Monday with JSE All Jamaican Composite Index diving 3,556.04 points to 418,769.68 and the JSE Index dropping by 3,231.40 points to 381,542.55.
Volume traded, dived below normal levels, with 2,806,548 units valued $75,154,263 changing hands, compared to 3,578,014 units valued at $135,408,659 on Friday.
At the close of the main and US markets, 30 securities traded, compared to 29 on Friday and leading to 8 advancing, 14 declining and 8 closing unchanged.
Seprod led trading with 779,351 units, accounting for 28 percent of the day’s volume in the main market, followed by Mayberry Equities with 301,405 units or 11 percent of the volume traded and Radio Jamaica with 280,000 shares amounting to 10 percent of the overall volume.
Market activity ended with an average of 96,778 units at $2,591,526 for each security traded, in contrast to 127,786 shares for $4,836,024 on Friday. The average volume and value for the month to date, amounts to 360,389 shares at $10,793,179 for each security traded, in contrast to 375,350 shares at $11,290,769 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 13 stocks ending with bids higher than their last selling prices and 1 closing with a lower offer.
In main market activity, Berger Paints lost 30 cents to end at $19, in exchanging 6,894 stock units, Caribbean Cement lost 50 cents to close at $55.50, with 42,244 shares changing hands, Grace Kennedy fell 75 cents trading 16,088 stock units, to close at $59, JMMB Group lost $1.35 trading of 7,857 shares at $30.02. Kingston Wharves dropped $5 and finished at $65, with an exchange of 148,197 stock units, PanJam Investment rose $1.60 to close at $81.70, trading 18,461 units, Sagicor Group lost 50 cents to settle at $39.50, with 64,710 shares changing hands. Salada Foods fell 95 cents in trading 2,529 units at $29.05, Scotia Group dropped $1.35 trading 34,493 shares, to close at $50.20, Seprod rose 45 cents to close at $43.45, with 779,351 shares changing hands. Supreme Ventures rose 30 cents to finish at a 52 weeks’ closing high of $25.50, with an exchange of 115,136 units, after it traded at an all-time high of $27.90 and Sygnus Credit Investments fell 30 cents to close of $12, with 10,000 units changing hands.
Trading in the US dollar market resulted in 1,800 units valued at $1,840 changing hands with JMMB GROUP 6.00% USD preference shares was the sole stock trading in this market with 1,800units, to close at with a loss of 2 US cents at US$1.02. The JSE USD Equities Index remained unchanged to close at 179.65.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Grace back in IC TOP 10

March 23, 2019 by

Grace new HQ close to the end of construction in downtown Kingston

General Accident returned to the Junior Market TOP 10 list along with Main Event while Grace Kennedy returns to the TOP 10 main market list at the expense of Pulse.
Jamaican Teas price moved up to $3.97 from $3.50 at the close of the previous week and Caribbean Cream came in for some buying during the past week, pushing the price to $6.60 and out of the top flight of Junior Market stocks. In the main market, Grace Kennedy slipped in price to close the week at $59.75 and that was enough for it to edge its way back in the TOP main market stocks.
The three leading Junior Market stocks are Iron Rock with potential gains of 300 percent, Caribbean Producers 281 percent up from last week, as the stock slipped to $4.20 and Lasco Financial with potential gains of 211 percent.
The three leading main market stocks are, Victoria Mutual investments with 152 percent likely gain, is on top, followed by Carib Cement with potential to gain 150 percent for the year down from 172 percent in the prior week and Sterling Investments with 150 percent.
The main market, closed the week with the overall PE at 13.3 and the Junior Market at just 10.6. The PE ratio for Junior Market Top 10 stocks average 6.7 and the main market PE is now 8.4. These levels, point to the huge upside for the TOP 10 stocks over the next 12 months.
The TOP 10 stocks now trade at an average discount of 37 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 37 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have interest in the securities commented on.

 

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Trading picks up on JSE – Friday

March 22, 2019 by

Caribbean Cement ended trading at a new closing high of $56 on Friday.

Volume traded on the Jamaica Stock Exchange on Friday rose over thursday’s level but remained well below norm, with 3,578,014 units valued at $135,408,659 trading, compared to just 1,589,969 units valued $46,193,207 clearing the market, on Thursday.
At the close of market, the main and US markets traded 29 securities, compared to 35 trading on Thursday. There was a total of 8 stocks advancing, 14 declining and 7 closing without price changes. Caribbean Cement ended at an all-time closing high of $56 and Supreme Ventures traded at an intraday 52 weeks’ high of $26 but closed lower at the end of market activities.
Trading resulted in, JSE All Jamaican Composite Index gained 400.31 points to 422,325.72 and the JSE Index advanced by 363.76 points to end at 384,773.95.
Scotia Group led trading with 1,148,109 units, accounting for 32 percent of the day’s volume in the main market, followed by Carreras with 349,610 units or 10 percent of the volume traded and Grace Kennedy with 321,057 shares for 9 percent of the overall volume.
Market activity ended with an average of 127,786 units valued at over $4,836,024, in contrast to 48,181 shares valued at $1,399,794 on Thursday. The average volume and value for the month to date, amounts to 375,350 shares at $11,290,769 in contrast to 389,701 shares at $11,692,398 for each security traded, on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 10 stocks ending with bids higher than their last selling prices and 1 closing with a lower offer.
In main market activity, Barita Investments declined by $2, to close at $42.50, with an exchange of 149,150 shares, Caribbean Cement climbed $3 to finish at a 52 weeks’ closing high of $56, with 286,800 shares changing hands, Eppley  lost 45 cents and settled at $9.50, with 309,695 shares trading. Grace Kennedy  rose 75 cents trading 321,057 stock units, to close at $59.75, Jamaica Broilers  fell $2.99 to close at $30.01, with 34,124 shares changing hands, Jamaica Producers  lost $1.01 trading 118,876 units, at $21.99, JMMB Group  rose 37 cents in concluding trading of 25,478 shares at $31.37. Kingston Wharves dropped $2 and finished at $70, with an exchange of 2,518 stock units, Mayberry Investments  lost 53 cents to end trading of 79,692 shares at $8.47,  Mayberry Jamaica Equities traded 38,242 shares after rising by 55 cents to close at $10. PanJam Investment  fell $1.60 to close at $80.10, trading 70,826 units, Sagicor Group  gained 45 cents and settled at $40, with 18,955 shares changing hands, Scotia Group  climbed $1.35 trading 1,148,109 shares to close at $51.55 and  Sygnus Credit Investments fell $1.05 to close of $12.30, with 180,000 units changing hands.
Trading in the US dollar market resulted in 5,184 units valued $562 changing hands with Sygnus Credit Investments being the sole stock trading in this market, to close at 11 US cents. The JSE USD Equities Index gained 0.07 points to close at 179.65.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , ,

Volume plummets on JSE – Thursday

March 21, 2019 by

Volume traded on the Jamaica Stock Exchange on Thursday dived sharply, to be well below normal levels, with just 1,589,969 units valued $46,193,207 crossing the market, compared to 23,522,368 units for $2,905,278,031, on Wednesday.
At the close of market, the main and US markets traded 35 securities, compared to 36 trading on Wednesday. There was a total of 15 stocks advancing, 10 declining and 10 closing without price changes.
Trading resulted in, JSE All Jamaican Composite Index falling 168.59 points to 421,925.41 and the JSE Index declining 151.32 points to 384,410.19.
Market activity ended with an average of 48,181 units valued at $1,399,794, in contrast to 758,786 shares valued at $93,718,646 on Wednesday. The average volume and value for the month to date, amounts to 389,701 shares at $11,692,398 for each security traded, in contrast to 414,746 shares at $12,506,920 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 8 stocks ending with bids higher than their last selling prices and 1 closing with a lower offer.
In main market activity, Barita Investments recovered the $3 it lost on Wednesday, to close at $44.50, with an exchange of 36,380 shares, Caribbean Cement added 60 cents to finish at $53, with 221,948 shares changing hands, Carreras gained 47 cents trading 14,116 units to close at $9.47. Grace Kennedy fell 75 cents trading 42,225 stock units, to close at $59, Jamaica Broilers rose $1 to close at $33, with 39,975 shares changing hands, JMMB Group  rose 50 cents in concluding trading with 96,005 shares at $31, Mayberry Investments  lost 50 cents to end trading of 21,120 shares at $9.  PanJam Investment  gained 70 cents to $81.70, trading 14,162 units, Portland JSX fell 99 cents in trading 4,991 stock units to close at $7.50, Proven Investments dropped $5 to $30 trading 26,000 shares, Pulse Investments  fell 39 cents to $2.60, with an exchange of 81,700 stock units, Scotia Group  lost 80 cents trading 11,974 shares to close at $50.20 and  Supreme Ventures  rose 30 cents and finished at record close of $25.30, with 221,684 units changing hands.
Trading in the US dollar market resulted in 128,580 units valued at US$20,831 changing hands. JMMB Group  6% rose 2 cents and closed at $1.04 with 7,500 shares changing hands and Sygnus Credit Investments rose 1 cent trading 121,080 to close at 11 US cents. The JSE USD Equities Index gained 1.52 points to close at 179.58.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

NCB trades 19m shares on JSE – Wednesday

March 20, 2019 by

NCB Financial traded 19.3m shares on the JSE on Wednesday.

NCB Financial traded 19.3 million shares to close at $144.90, on the Jamaica Stock Exchange on Wednesday as overall volume climbed to 23,522,368 units for $2,905,278,031, compared to 9,968,983 units at $177,550,346 on Tuesday.
At the close of market, the main and US markets traded 36 securities, compared to 33 trading on Tuesday. There was a total of 15 stocks advancing, 12 declining and 9 closing without price changes.
Trading resulted in, JSE All Jamaican Composite Index falling by 1,108.89 points to 422,094.00 while the JSE Index dropped 1,007.65 points to 384,561.51.
JMMB Group was the second largest trade with 1.13 million shares for just 5 percent of the day’s volume, followed by Supreme Ventures with 1.08 million units, for 5 percent of the total main market volume changing hands.
Market activity ended with an average of 758,786 units valued at $93,718,646, for each security traded, in contrast to 343,758 shares valued at $6,122,426 on Tuesday. The average volume and value for the month to date, amounts to 414,746 shares at $12,506,920 for each security traded, in contrast to 389,292 shares at $5,984,735 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 9 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Barita Investments dropped $3 to close at $41.50, with an exchange of 204,220 shares, Caribbean Cement added 90 cents to finish at $52.40, with 10,460 shares changing hands. Jamaica Broilers fell 65 cents to close at $32, with 29,385 shares changing hands. Jamaica Stock Exchange traded 72,799 shares after rising $1 to $17, Mayberry Investments lost 90 cents to end trading 2,000 shares at $9.50, NCB Financial Group jumped $1.90 trading 19,287,018 shares to close at $144.90. PanJam Investment gained 80 cents to $81, trading 5,113 units, Portland JSX gained 99 cents in trading 11,119 stock units to close at $8.49, Pulse Investments  gained 49 cents to $2.99, with an exchange of 11,555 stock units, Sagicor Group lost 48 cents in trading 196,108 shares, to close at $39.52.
Trading in the US dollar market resulted in 107,911 units valued at $74,474 changing hands. JMMB Group 5.75% preference share shed 4 cents and ended at $2, trading 26,500 shares, JMMB Group  6% rose 2 cents and closed at $1.04 with 7,970 shares changing hands, Margaritaville  lost 1 cent and ended at 22 US cents in trading 9,800 shares. Proven Investments rose 1 cent trading 38,141 units at 23 US cents and Sygnus Credit Investments Jamaican dollar ordinary share, traded 25,500 to close at 10 US cents after rising by a cent The JSE USD Equities Index gained 1.31 points to close at 178.06.

 

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Mixed trading on JSE main market – Tuesday

March 19, 2019 by

The volume of stocks traded on the main and US dollar markets of the Jamaica Stock Exchange on Tuesday rose over Monday’s level, with just a minimal decline in value as less securities were active.
Main market activity ended with trading of 9,968,983 units valued $177,550,346 compared to 8,288,904 units valued $178,058,869, on Monday. At the close of market, the main and US markets traded 33 securities, compared to 37 trading on Monday. There was a total of 10 stocks advancing, 17 declining and 6 closing without price changes.
Trading resulted in, JSE All Jamaican Composite Index increasing just 17.65 points to 423,202.89 and the JSE Index advanced by a mere 16.04 points to 385,569.16.
Sagicor Real Estate Fund led trading with 2.11 million shares for 21 percent of the day’s volume, followed by JMMB Group 7.25% preference share ending with 1,384,227 units, for 14 percent of the total main market volume changing hands and Ciboney Group ended with 1,073,453 units, for 11 percent of the day’s volume.
Market activity ended with an average of 343,758 units valued at an average of $6,122,426 for each security traded. In contrast to 251,179 units for an average of $5,395,723 on Monday. The average volume and value for the month to date, amounts to 3389,292 shares at $5,984,735 for each security traded, in contrast to 392,678 shares at $5,973,550 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 8 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Barita Investments dropped 25 cents to close at $44.50, with an exchange of 12,225 shares, Berger Paints lost 68 cents to end at $19.32, with the trading of 200 stock units, Caribbean Cement shed 60 cents to finish at $51.50, with 6,724 shares changing hands. Jamaica Producers rose 75 cents to close at $23.75, with 557,169 shares changing hands. Mayberry Investments rose $1.11 and ended trading 575,345 shares at $10.10, NCB Financial Group dropped $1.80 trading 375,654 shares to close at $143. PanJam Investment lost $1.30 to $80.20, trading 50,869 units, Pulse Investments shed 50 cents and closed at $2.50, with an exchange of 497,091 stock units, Sagicor Group gained 50 cents in trading 27,458 shares, to close at $40. Scotia Group gained 75 cents in trading 1,049,510 stock units to close at $51 and Supreme Ventures  concluded trading with a gain of 50 cents to end at $24.90, with 409,756 stock units changing hands.
Trading in the US dollar market resulted in 200,128 units valued at $67,748 changing hands. JMMB Group 5.75% preference share gained 4 cents and ended at $2.04, trading 10,000 shares, JMMB Group 6% lost 2 cents and closed at $1.02 with 10,000 shares changing hands, Proven Investments lost 2 cents trading 155,744 units at 22 US cents and Sygnus Credit Investments Jamaican dollar ordinary share traded 24,384 to close at 9 US cents after falling by a cent. The JSE USD Equities Index lost 6.29 points to close at 176.75.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Trading down for JSE main market – Monday

March 19, 2019 by

Main market volume contracts.

More stocks traded on the main and US dollar markets of the Jamaica Stock Exchange on Monday but with much lower volume of trading than on Friday, while the value traded slipped moderately.
Main market activity ended with 8,288,904 units valued $178,058,869 trading, compared to 12,313,288 units valued $192,392,395 changing hands, on Friday.
At the close of market, the main and US markets traded 37 securities, compared to 34 trading on Friday. There was a total of 14 stocks advancing, 12 declined and 11 closed without price changes.
The reduced trading resulted in, JSE All Jamaican Composite Index falling by 809.64 points to 423,185.24 and the JSE Index declining by 735.72 points to 385,553.12.
Stanley Motta led trading with 5 million shares for 60 percent of the day’s volume, followed by Scotia Group ending with 948,696 units, for 11.5 percent of the total main market volume changing hands and Wisynco Group ended with 910,793 units, for 11 percent of the day’s volume.
Market activity ended with an average of 251,179 units valued at $5,395,723 for each security traded, in contrast to 373,130 shares valued at $5,830,073 on Friday. The average volume and value for the month to date, amounts to 392,678 shares at $5,973,550 for each security traded, in contrast to 405,757 shares at $6,032,403 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 10 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Barita Investments dropped $2.25 to close at $44.75, with an exchange of 208,400 shares, Caribbean Cement gained 60 cents to finish at $52.10, with just 405 shares changing hands, Jamaica Broilers rose 63 cents in trading 51,527 units to close at $32.51. Jamaica Producers rose 45 cents to close at $23, with 4,800 shares changing hands, Kingston Wharves lost $3 to settle at $72, trading 7,094 units, Mayberry Investments rose 39 cents and ended trading 83,841 shares at $8.99, Mayberry Jamaican Equities fell 80 cents to settle at $9.20, with an exchange of 36,764 units. NCB Financial Group gained 30 cents trading 494,218 shares to close at $144.80. PanJam Investment rose $1.50 to $81.50, trading 1,190 units, Pulse Investments added 50 cents and closed at $3, with an exchange of 52,200 stock units, Sagicor Group gained 50 cents in trading 19,591 shares, to close at $39.50. Salada Foods gained $1 trading 1,100 units to close at $30, Scotia Group fell 76 cents in trading 948,696 stock units to close at $50.25 and Seprod lost $1 to close at $43, with 27,853 shares changing hands.
Trading in the US dollar market resulted in 24,598 units valued at $14,997 changing hands. JMMB Group  5.75% closed at $2 with 5,000 shares changing hands, Productive Business Solution US ordinary share traded 1,000 units to close with a rise of 1 cent at 58.99 cents, Proven Investments traded 18,198 units at 24 US cents and Sygnus Credit Investments Jamaican dollar ordinary share traded 400 to close at 10 US cents. The JSE USD Equities Index rose 4.17 points to close at 183.04.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Gains for JSE main market – Friday

March 15, 2019 by

The market indices of the main market of the Jamaica Stock Exchange rose at the end of trading on Friday, with JSE All Jamaican Composite Index increased by 805.06 points to 423,994.88 and the JSE Index advanced 731.56 points to 386,288.84.
At the close of market, the main and US markets traded 34 securities, compared to 31 trading on Thursday as 11 advanced, 18 declined and 5 traded without prices changing.
Main market activity ended with 12,313,288 units valued $192,392,395 trading, compared to 4,358,596 units valued $135,130,896 changing hands, on Thursday.
Wisynco Group led trading with 6.38 million shares for 51.8 percent of the day’s volume, followed by Ciboney ending with 1.67 million units, for 13.6 percent of the total main market volume changing hands and Jamaica Broilers ended with 1.63 million units, for 12.5 percent of the day’s volume.
Market activity ended with an average of 373,130 units valued $5,830,073 for each security trading, in contrast to 155,664 shares valued at $4,826,103 on Thursday. The average volume and value for the month to date, amounts to 405,757 shares at $6,032,403 for each security traded, in contrast to 409,081 shares at $6,055,347 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 7 stocks ending with bids higher than their last selling prices and 3 closing with lower offers.
In main market activity, Berger Paints gained 50 cents and ended at $20, trading 7,650 stock units, Caribbean Cement fell 50 cents to finish at $51.50, with 81,125 shares changing hands, Eppley dropped 35 cents to close at $10, trading 913 stock units, Jamaica Broilers lost $1.12 in trading 1,532,550 units at $31.88. Jamaica Producers rose 55 cents to close at $22.55, with 51,269 shares changing hands, Mayberry Jamaican Equities added 41 cents to settle at $10, with an exchange of 38,103 units, NCB Financial Group lost 50 cents trading 67,660 shares to close at $144.50. PanJam Investment lost $1.70 to end at $80, in trading 3,810 units, Sagicor Group gained 45 cents in trading 18,701 shares, to close at $39. Salada Foods lost 95 cents trading 1,808 units to close at $29.05, Scotia Group fell 39 cents to end trading at $51.01, with 150,247 units, Seprod lost 50 cents to close at $44, with 31,309 shares changing hands, Supreme Ventures  concluded trading at $24.40, with 237,378 stock units, Sygnus Credit Investments added 35 cents to close at $13.65 trading 17,212 shares and Wisynco Group fell 50 cents settled at $11.50, with an exchange of 6,381,077 shares.
Trading in the US dollar market resulted in 67,189 units valued at $18,750 changing hands. JMMB Group 6% preference share concluded trading of 147 units with a rise of 4 cents to end at US$1.04, JMMB Group  5.75% closed at $2 with 5,500 shares changing hands, Margaritaville ended trading of 2,828 share at 23 US cents after falling 1 cent. Proven Investments traded 8,214 units at 24 US cents after rising by 1 cent and Sygnus Credit Investments Jamaican dollar ordinary share traded 50,500 to close at 10 US cents The JSE USD Equities Index rose 0.11 points to close at 178.87.

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