Ciboney continues to create waves in the Jamaican financial market. The price closed at a fresh new multi-year high not seen since 1993. In Wednesday’s trading on the Jamaica Stock Exchange Main Market, the stock last traded at $2.13 with year to date gain of 783 percent.
New record high for the JSE Junior Market.
Trading on Wednesday with the market rising modestly, with 47 securities changing hands, down from 46 on Tuesday and closed with 18 rising, 16 declining and 13 remaining unchanged.
The All Jamaican Composite Index advanced 173.69 points to 430,236.99, the Main Index rose 148.82 points to 392,387.19 and the JSE Financial Index shed 0.33 points to close at 99.80.
The PE Ratio averages 16.9 based on ICInsider.com forecast of 2020-21 earnings.
Some 45 percent more shares traded with a 17 percent dip in value than on Tuesday as 29,447,608 shares traded for $158,590,501 compared to 20,247,118 units at $191,400,586 on Tuesday. Pulse Investments led trading with 47.5 percent of total volume, after 13.98 million shares changed hands, followed by Sagicor Select Manufacturing & Distribution Fund 17.9 percent with 5.27 million, Transjamaican Highway accounted for 13.8 percent with 4.06 million units, Ciboney Group chipped in 5.1 percent for 1.52 million units and Sagicor Select Financial Fund 4.2 percent with 1.25 million units.
Trading for the day averaged 626,545 units at $3,374,266, compared to 440,155 shares at $4,160,882 on Tuesday. Trading month to date averaged 403,340 units at $2,586,520 for each security, in contrast to 389,008 units at $2,535,940 on the prior trading day. Trading in January closed with an average of 311,275 units at $1,432,133.
Investor’s Choice bid-offer indicator reading has eleven stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of trading, Caribbean Cement lost 50 cents to finish at $62.50 in transferring 51,901 shares, Carreras rose 39 cents to $7.70, with the swapping of 211,134 stock units, Ciboney Group closed 41 cents higher at a 36 years record of $2.12, with 1,515,402 units crossing the market. Eppley climbed $3 to $28, with an exchange of 9,867 stock units, Eppley Caribbean Property Fund fell 52 cents to $41, with 8,710 stock units crossing the market, Grace Kennedy advanced $3.50 to $80, with 530,278 units changing hands. JMMB Group gained 44 cents to end at $33, in trading 50,399 shares, Key Insurance ended 39 cents lower at $5, after exchanging 74,836 stock units, Kingston Wharves dipped 30 cents to $46.20, with a transfer of 11,753 stocks. Mayberry Investments lost 21 cents to end at $5.29, after an exchange of 42,700 stock units, Mayberry Jamaican Equities slipped 23 cents to $7, in an exchange of 7,762 shares, 138 Student Living fell $1.40 to $5.10 in exchanging two shares. 
Palace Amusement fell $199.90 to a 52 weeks’ low of $800, with 380 stocks crossing the market, Sagicor Group gained 31 cents to end at $51.31, in an exchange of 12,316 stocks, Salada Foods rose $1.51 to $41.50, with the swapping of 4,036 shares. Scotia Group closed 75 cents higher at $42.50, with 267,313 stock units crossing the exchange, Seprod advanced $1.54 to $69.54 trading 26,590 shares, Stanley Motta lost 35 cents to close at $5 in exchanging 31,207 units. Sygnus Credit Investments advanced 99 cents to $15.49 after transferring 70,560 stock units and Wisynco Group rose 90 cents to $16.45, with investors switching ownership of 73,639 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading ended with stocks playing hopscotch, one day up one day down, on the Jamaica Stock Exchange Main Market, with the market declining after almost the same number of stocks rose as fell. The value of trading climbed 202 percent, with only 23 percent more shares exchanged than on Monday.
Transjamaican Highway led trading with 24.1 percent of total volume, after an exchange of 4.88 million shares followed by Sagicor Select Financial Fund 16.9 percent with 3.41 million units, Wigton Windfarm 11.3 percent for 2.29 million units. QWI Investments ended with 9.8 percent of the day’s trade for 1.99 million units, Ciboney Group 7.1 percent for 1.44 million units, Sagicor Manufacturing & Distribution Fund with 6 percent for 1.22 million units and Grace Kennedy with 5.2 percent market share for 1.05 million units.
138 Student Living rose 45 cents to $6.50 after exchanging 8,916 units, PanJam Investment shed 50 cents to end at $65, in switching ownership of 43,014 shares, Proven Investments lost 33 cents to $37.20 trading 11,441 stock units, Sagicor Group fell 70 cents to $51 with 20,215 stocks clearing the market. Salada Foods advanced $2.99 to $39.99, with the swapping of 40,380 units, Scotia Group declined by $1.25 to $41.75, after exchanging 132,995 shares, Seprod shed $1 in closing at $68 with 3,164 stock units changing hands. Sygnus Credit Investments fell $1.10 to $14.50, in exchanging 51,037 units and Wisynco Group shed 95 cents to close at $15.55, with 94,561 shares changing hands.
At the close, the All Jamaican Composite Index gained 1,612.03 points to 430,576.51, the Main Index climbed 1,458.81 points to 392,702.80 and the JSE Financial Index gained 0.87 points to settle at 100.46.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and four with lower offers.
Seprod climbed $2.15 to $69, with 16,385 stock units changing hands, Stanley Motta lost 25 cents in closing at $5.20 trading 418 shares and Sygnus Credit Investments rose $1.17 to $15.60, in transferring 69,924 stocks.
Trading ended with four securities changing hands, down from seven on Friday, ending with three rising and one declining, with the JSE USD Equity Index gaining 3.99 points to 196.07. The PE Ratio averages 13.7 based on ICInsider.com’s forecast of 2020-21 earnings.
At the close of the market, First Rock Capital gained 0.09 of a cent in closing at 8.99 US cents, with 153,079 stock units crossing the market, Proven Investments rose 0.01 of a cent to close at 26 US cents trading 48,631 shares. Sterling Investments lost 0.19 of a cent at 2.20 US cents after trading 24,343 stocks and Transjamaican Highway rose 0.03 of a cent in closing at 0.94 of a US cents after switching ownership of 231,257 shares.
Trading closed with the prices of two stocks rising, one declining and four remaining unchanged, with the JSE USD Equity Index losing 1.15 points to end at 192.08. The PE Ratio averages 13.7 based on ICInsider.com forecast of 2020-21 earnings.
At the close of the market, First Rock Capital shed 0.08 of a cent to close at 8.9 US cents, in exchanging 3,767 stocks, Margaritaville settled at 11 US cents with the transfer of 3,500 stock units, Proven Investments gained 0.29 of a cent to close at 25.99 US cents trading 2,255 units. Sterling Investments ended at 2.39 US cents, with 1,000 stock units changing hands, Sygnus Credit Investments remained at 14.95 US cents after transferring 16,675 shares and Transjamaican Highway gained 0.06 of a cent in closing at 0.91 of a US cent, trading 510,377 shares.
Seven securities traded, compared to six on Monday with four rising, two declining and one remaining unchanged.
Sterling Investments rose 0.09 of a cent to 2.39 US cents with 900 stocks clearing the market. Sygnus Credit Investments settled at 14.5 US cents trading 2,901 stock units, Sygnus Credit Investments dropped 0.5 of a cent to end at 14.5 US cents trading 2,400 stock units and Transjamaican Highway advanced 0.03 of a cent to 0.94 of a US cent with 23,060 units crossing the exchange.
Trading for the day averaged 468,946 units at $2,041,431, compared to 333,659 shares at $5,013,961 on Friday. The month to date averages 431,223 units at $2,808,510 for each security, in contrast to 427,484 units at $2,884,542 on Friday. Trading in January averaged 311,275 units at $1,432,133.
Scotia Group gained 47 cents to end at $42.97, with 52,903 shares changing hands, Seprod dropped $4 to close at $66 with 18,360 stock units changing hands, Supreme Ventures gained 50 cents to end $16, after 38,681 stocks crossed the market. Sygnus Credit Investments shed $1.25 to $14.50, in exchanging 383,772 stock units and Victoria Mutual Investments lost 28 cents to settle at $5.51 and to transfer 139,505 shares.
Trading ended with seven securities changing hands at the close, compared to six on Thursday and ended with the prices of three stocks rising, two declining and two remaining unchanged.
The Jamaican dollar-based Sygnus Credit Investments gained 2.5 cents ending at 14.5 US cents in exchanging 400 shares, Sygnus Credit Investments shed 0.84 of a cent to close at 15.04 US cents in trading 7,911 stocks and Transjamaican Highway shed 0.05 of a cent to close at 0.9 of a US cent with 230,224 stocks changing hands.
Trading for the day averaged 335,050 units at $2,547,549, down from 911,229 shares at $5,003,803 on Wednesday. The month to date averaged 437,301 units at $2,661,756, in contrast to 449,559 units at $2,675,448 on Wednesday. Trading in January averaged 311,275 units at $1,432,133.
Salada Foods rose 90 cents to end at $40.90 with 4,399 stock units changing hands, Scotia Group fell $1.50 to $42.50 after exchanging 147,223 stocks, Seprod declined by $1.01 to $65.01 trading 16,487 stocks. Supreme Ventures slid $1.10 to $16, in transferring 113,376 stock units and Victoria Mutual Investments lost 28 cents to close at $5.51 after crossing the market with 6,600 shares.
Proven Investments shed 1 cent in closing at 25 US cents in switching ownership of 10,040 units, Sygnus Credit Investments lost 0.03 of a cent to close at 15.88 US cents trading 744 stocks and Transjamaican Highway lost 0.02 of a cent to close at O.95 of one US cent, with 148,775 stock units changing hands.
