Limners & Bards IC TOP 10 stock

Limners and Bards the latest IPO to hit the market, made it to the Junior Market TOP 10 with the potential to double in price, notwithstanding the critical information that is missing from the prospectus.
Jamaica Broilers returns to the main market list as Grace Kennedy graduated with a rise in the stock price. AMG Packaging released nine months results that showed 28 percent rise in pretax profit for the third quarter but that was not good enough. Earnings for the 2019/20 fiscal year, were downgraded to 20 cents per share. That level of earnings was not good enough to keep it in the TOP 10 list.
In the past week, the main market continues to hit new record highs, closing the week at another all-time high on its way to over 700,000 points for the All Jamaica Index. Momentum continues to move the market away from long-term resistance at 520,000 points.
The Junior Market is struggling, with few new company results out to help with upward move. Fontana and Elite Diagnostic two TOP 10 listings hit new record highs during the week with a few others hitting 52 weeks’ lows.
Junior Market stocks continue to struggle to get investors’ attention. With the market consolidating and the expectation of mostly positive results to the market is poised for a takeoff soon with the market highly undervalued.
The three most attractive Junior Market stocks are, Iron Rock with gains of 243 percent, followed by Caribbean Producers with projected gains of 233 percent and tTech with possible gains of 191 percent.
Sterling Investments heads the main market with 179 percent potential gains followed by Radio Jamaica with expected gains of 173 percent and Sygnus Credit Investments in third spot with the potential to gain 154 percent by March next year.
The main market, closed the week with the overall PE at 15.6 and the Junior Market remains for the second week at 10. The PE ratio for Junior Market Top 10 stocks averages 7.2 and the main market PE 8.9. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 28 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 43 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.

New record close for JSE majors – Friday

Barita Investments jumped 84% in a week.

Barita Investments jumped another $14 on Friday on top of the $12 it climbed on Thursday to closed a new record high of $83 as it contributed to the record close for the Jamaica Stock Exchange at main market.  
Barita gained a stunning 84 percent since Thursday last week, after the company announced they were the consideration of another rights issue and reported blockbuster profits.
Trading ended with the JSE All Jamaican Composite Index surged 7,505.41 points to record close at 537,923.28 and the JSE Index 6,820.45 points to record close at 489,820.03. The JSE Financial Index added 2.78 points in closing at 132.31 points.
Market activity resulted in 37 securities trading in the main and US dollar markets and leading to 18 securities advancing, 16 declining and 3 trading firm, this compares to 36 securities on Thursday.  Trading ended with 21,073,881 units valued $137,343,684 compared to 40,555,987 units valued at $630,491,986 changing hands.
Wigton Windfarm led trading with 14.5 million shares for 69 percent of total main market volume, followed by JMMB Group 7.25% preference share with 2.3 million stock units for 11 percent of total volume and Supreme Ventures with 1.65 million shares for 8 percent of the day’s volume.
The market closed with average of 619,820 units valued at $4,039,520 for each security traded, in contrast to 1,228,969 units valued at $19,105,818 on Thursday. The average volume and value for the month to date amounts to 1,203,120 shares valued at $10,102,136 changing hands, compared 1,262,144 shares valued at $10,775,760 for each securities traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 4 with lower offers.
In the main market activity, Barita Investments surged $14 to end at a 52 weeks’ high of $83, with 11,864 stock units trading, Berger Paints lost 35 cents in the trading of 17,260 shares to close at $18, Caribbean Cement shed $1 to end trading of 5,270 shares at $78. Grace Kennedy dropped $3.97 trading 4,408 units, to end at $70, Jamaica Producers rose 50 cents in trading 126,136 shares to close at $27.50, JMMB Group declined $1 to end at a record close of $53, with 76,921 shares trading, Kingston Wharves lost $1 to end trading of 1,545 shares at $70. Mayberry Jamaican Equities rose 30 cents to close at $11.50 with 102,391 shares changing hands, NCB Financial dropped $4.73 trading 85,663 units to end at $200.27, PanJam Investment gained 50 cents and ended trading with 9,100 stock units at $99, Sagicor Group rose 26 cents trading 341,009 stock units to end at $54.50. Sagicor Real Fund climbed 98 cents to end trading with 17,391 units at $11, Salada Foods rose 50 to end at $33.50 in trading 10,000 shares, Scotia Group exchanged 107,923 shares but fell 50 cents to close at $57. Seprod lost 95 cents and settled at $47 in exchanging 20,450 shares and Supreme Ventures lost $2 and ended trading with 1,645,858 shares to close at $26.
Trading in the US securities market resulted in 95,243 units valued at US$47,506 changing hands. Market activity ended with JMMB Group 6% preference share with 41,992 units trading to end with a loss of 2 cents at US$1, Proven Investments added 0.69 cent trading 151 shares to close at 25.70 US cents and Sygnus Credit Investments with a rise of 0.02 cent to 10.5 US cents, in trading 53,100 units. The JSE USD Equities Index inched 2.47 points higher to 189.96.

Big price gains for JSE stocks – Thursday

Barita stock price gained 53% in a week.

Barita Investments jumped $12 to a new record high, to lead a pack of stocks that jumped sharply on the Jamaica Stock Exchange at the close on Thursday, with the market ending with an overall gain.
Barita gained 53 percent since a week ago since the company announced that they were considering a rights issue and announced blockbuster profits. The move drove supply out of the market leaving only three offers at the close, with 230 units at $74, 2,800 shares at $85 and 2 million at $90. Other stocks with sharp gains are Eppley rising $2.49, Grace Kennedy up $5.97 to end at a closing record high, JMMB Group rising $5 to end at a closing all-time high, Kingston Wharves with a gain of $5.16 and NCB Financial pushed higher by $5 to end at a closing all-time high and Wigton Windfarm traded at a new all-time high.
Trading ended with the JSE All Jamaican Composite Index advanced by 2,296.18 points to close at 530,417.87 and the JSE Index rose 2,086.63 points to close of 482,999.58. The JSE Financial Index added 0.52 points in closing at 129.53 points.
Market activity resulted in 36 securities trading in the main and US dollar markets and leading to 14 securities advancing, 13 declining and 9 trading firm, this compares to 38 securities on Wednesday.  Trading ended with 40,555,987 units valued at $630,491,986 compared to 73,123,480 units valued at $311,695,529 changing hands.
Wigton Windfarm led trading with 27.4 million shares for 68 percent of total main market volume, as the stock traded at a new intraday high of $1.01. Sagicor Group ended with 8 million stock units for 20 percent of total volume and Jamaica Broilers with 3.4 million shares for 8 percent of the day’s volume.
The market closed with average of 1,228,969 units valued at $19,105,818 for each security traded, in contrast to 2,089,242 units valued at an average of $8,905,587 on Tuesday. The average volume and value for the month to date amounts to 1,262,144 shares valued at $10,775,760 changing hands, compared 1,265,757 shares valued at $9,768,829 for each securities traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 5 with lower offers.
In the main market activity, Barita Investments surged $12 to end at a 52 weeks’ high of $69, with 16,658 stock units trading, Berger Paints lost 60 cents in the trading of 3,436 shares to close at $18.35, Caribbean Cement gained $1 to end trading of 2,561 shares at $79, Eppley climbed $2.49 to $15.49, in exchanging 4,000 stock units. Grace Kennedy jumped $5.97 trading 63,206 units to end at a 52 weeks’ closing high of $73.97. Jamaica Producers rose 40 cents in trading 20,340 shares to close at $27, JMMB Group leaped $5 to end at a record close of $54, with 327,606 shares trading, Kingston Wharves jumped $5.16 and ended trading 18,850 shares at $71, Mayberry Jamaican Equities lost 40 cents to close at $11.20 with 105,483 shares changing hands. NCB Financial rose $5 trading 45,909 shares to end at a record closing high at $205, PanJam Investment lost 32 cents and ended trading with 13,455 stock units at $98.50, Sagicor Group lost $1.04 trading 8,078,497 stock units to end at $54.76. Sagicor Real Fund fell 73 cents to end trading with 17,697 units at $10.02, Seprod lost 95 cents and settled at $47 in exchanging 20,450 shares, Supreme Ventures rose 49 cents and ended trading of 28,030 shares to close at $28 and Wisynco Group gained 41 cents to settle at $19.50, with 200,051 stock units changing hands.
Trading in the US securities market resulted in 361,148 units valued US$59,364 changing hands. Market activity ended with JMMB Group 5.75% preference share with 11,248 units trading to end at US$2, Proven Investments lost 0.7 cent trading 5,600 shares to close at 25.01 US cents and Sygnus Credit Investments rose 0.03 cent to 10.3 US cents, in trading 344,300 units. The JSE USD Equities Index inched 0.34 points higher to 187.49.

JSE main market drops – Wednesday

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NCB Financial traded back at $200.

NCB Financial pushed higher by $5 to close at $200 after trading briefly at $204.99 during the day but the move higher could not prevent the overall market losing altitude and closed lower on Wednesday.
Trading ended with the JSE All Jamaican Composite Index declined 2,871.43 points to close at 528,121.69 and the JSE Index lost 2,609.37 points to record close of 480,912.95. The JSE Financial Index lost 1.08 points in closing at 129.01 points.
Market activity resulted in 38 securities trading in the main and US dollar markets and leading to 17 securities advancing, 16 declining and 5 trading firm.  Barita Investments, Jamaica Stock Exchange and Proven Investments traded in the main market at 52 weeks’ high. Trading ended with 73,123,480 units valued at $311,695,529 compared to 32,848,536 units valued $123,106,978 changing hands, from 38 securities on Tuesday.  
Wigton Windfarm led trading with 59.4 million shares for 81 percent of total main market volume, followed by Eppley with 9.6 million stock units for 13 percent of total volume and Stanley Motta with 760,000 shares for 1 percent of the day’s volume.
The market closed with average of 2,089,242 units valued at an average of $8,905,587 for each security traded, in contrast to 938,530 units valued at an average of $3,517,342 on Tuesday. The average volume and value for the month to date amounts to 1,265,757 shares valued at $9,768,829 changing hands, compared 1,158,213 shares valued at $9,895,777 for each securities traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 4 with lower offers.
In the main market activity, Barita Investments gained $2 to end at a 52 weeks’ high of $57, with 269,002 stock units trading, Caribbean Cement lost 99 cents and ended trading 49,452 shares at $79, Eppley dropped $3 to $13, in exchanging 9,631,915 stock units. Grace Kennedy dropped $2 trading 121,948 units at $68. Jamaica Stock Exchange gained $4 to close at an all-time high of $35, with an exchange of 34,939 stock units, JMMB Group lost $1 and ended at $49, with 246,537 shares trading, Kingston Wharves lost $3.16 and ended trading 15,578 shares at $65.84, NCB Financial rose $5 trading 74,150 shares to close at $200. 138 Student Living lost 80 cents and ended trading with 15,000 stock units at $3.60, Proven Investments rose $1 in traded 100 units to close at a record high of $36, ,Salada Foods fell 95 cents to end at $33.00, with 5,750 shares trading, Sagicor Group lost $1.69 trading 505,408 stock units to end at $55.80. Sagicor Real Fund rose $1.05 and ended trading at $10.75, with 162,498 units, Seprod rose $1.05 and settled at $47.95 in exchanging 109,390 shares Sterling Investments lost 30 cents and ended trading of 35,650 shares to close at $3.40 and Wisynco Group gained 58 cents to settle at $19.09, with 396,437 stock units changing hands.
Trading in the US securities market resulted in 300,235 units valued US$45,290 units changing hands. Market activity ended with JMMB Group 6% preference share with 2,000 units trading with a loss of 2 cents to end at US$1.02, Proven Investments gained 0.7 cent trading 129,551 shares to close at 25.7 US cents and Sygnus Credit Investments with a loss of one cent to 10 US cents, in trading 13,480 units. The JSE USD Equities Index inched 0.16 points lower to 187.15.

Barita jumps $10 NCB $5 push AJI to record 530K

Barita Investments jumped $10 to close at $55 following release of third quarter results showing a For the quarter, profit after tax jumped 594 percent to $911 million.  
NCB Financial pushed higher by $4.99 to close at $195 after it hit a high of $201 during the day. Grace jumped $3 to $70, JMMB Group was up at the close by $2 but traded at a record $55.07 before pulling back at the close to $50.
Trading ended with the JSE All Jamaican Composite Index surged 8,298.01 points to end at a record close at 530,993.12 and the JSE Index leaped 7,540.72 points to record close of 483,522.32. The JSE Financial Index rose 3.09 points in closing at 130.09 points.
Market activity resulted in 38 securities trading in the main and US dollar markets and leading to 11 securities advancing, 12 declining and 14 trading firm. Trading ended with 32,848,536 units valued $123,106,978 compared to 34,066,074 units valued at $403,962,467 changing hands, from 36 securities on Monday.
Wigton Windfarm led trading with 29.7 million shares for 91 percent of total main market volume, followed by Carreras with 494,439 stock units for 1.5 percent of total volume and Wisynco Group with 402,978 shares for 1.2 percent of the day’s volume.
The market closed with average of 938,530 units valued at an average of $3,517,342 for each security traded, in contrast to 1,001,943 units for an average of $11,881,249 on Monday. The average volume and value for the month to date amounts to 1,158,213 shares valued at $9,895,777 changing hands, compared 1,191,212 shares valued at $10,995,507 for each securities traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 6 with lower offers.
In the main market activity, Barita Investments surged $10 to end at $55, with 67,312 stock units trading, Berger Paints gained 45 cents to close at $18.95, with 17,395 units changing hands, Eppley dropped $1.25 to $16, in exchanging 15,776 stock units, Grace Kennedy jumped $3.10 and finished trading 15,344 units at $70. Jamaica Broilers lost 88 cents to close at $33.12, with 26,227 shares changing hands, Jamaica Producers lost $2.50 and concluded trading of 16,080 shares, at $26.50. Jamaica Stock Exchange gained $2 to close at $31, with an exchange of 65,150 stock units, JMMB Group rose $2 and ended at $50, with 159,763 shares trading, Kingston Wharves lost $2 and ended trading 15,144 shares at $69, Mayberry Jamaican Equities fell 34 cents and finished trading 21,318 shares at $11.51, NCB Financial rose $4.99 trading 137,850 shares to close at $195, Portland JSX lost 45 cents and ended trading with 30,000 stock units at $8.05, Sagicor Group rose 39 cents trading 252,322 stock units to end at $57.49. Scotia Group ended trading of 15,901 shares with a rise of 48 cents to close at $57.48 and Seprod lost $1.10 and settled at $46.90 in exchanging 101,944 shares.
Trading in the US securities market resulted in 300,235 units valued US$45,290 units changing hands. Market activity ended with JMMB Group 6% preference share with 3,000 units trading at US$1.04, Proven Investments trading 75,635 shares to close at 25 US cents and Sygnus Credit Investments with a loss of one cent to 11 US cents, in trading 221,600 units. The JSE USD Equities Index inched 0.07 points up to 187.31.

JSE AJI leaps 14,744 points to record close

NCB recovers to boost market index to reach new record close.

NCB Financial recovered to close at $190 on Monday and pushed the market to record close after it tumbled on Friday with NCB pulling the overall market down sharply.
Trading ended with the JSE All Jamaican Composite Index surged 14,743.84 points to a record close of 522,695.11 and the JSE Index leaped 13,398.28 points to record close at 475,981.60.  The rise in the largest capitalized company on the stock exchange, NCB, pushed the JSE Financial Index by 4.86 percent in closing at 127 points, up 27 percent since the start of March.
Market activity resulted in 36 securities trading in the main and US dollar markets and leading to 10 securities advancing, 15 declining and 9 trading firm. Market activity ended with 34,066,074 units valued $403,962,467 compared to 91,225,711 units valued $1,203,688,593 changing hands, from 41 securities on Friday.
Wigton Windfarm led trading with 18.7 million shares for 55 percent of total main market volume, followed by JMMB Group 7.5% preference with 7 million stock units for 20.6 percent of total volume, Scotia Group with 5.2 million units for 15 percent of total volume. Carreras ended trading with 925,937 units and Wisynco Group with 699,978 shares.
The market closed with average of 1,001,943 units valued at an average of $11,881,249 for each security traded, in contrast to 2,400,677 units for an average of $31,676,016 on Friday. The average volume and value for the month to date amounts to 1,191,212 shares valued at $10,995,507 changing hands, compared 1,162,295 shares valued at $4,766,694 for each securities traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 5 with lower offers.
In the main market activity, Berger Paints gained 50 cents to close at $18.50, with 251,500 units changing hands, Eppley dropped $1.20 to $17.25, in exchanging 19,920 stock units, Jamaica Broilers lost 88 cents to close at $33.12, with 12,703 shares changing hands, Jamaica Producers lost 99 cents and concluded trading of 2,300 shares, at $29. Kingston Wharves rose $1 and ended trading 3,120 shares at $71, NCB Financial rose $2.01 trading 83,739 shares at $190.01, Sagicor Group lost 60 cents trading 223,697 stock units to end at $57.10, Sagicor Real Fund rose 30 cents to $9.50 while trading 8,650 units. Scotia Group ended trading of 5,184,563 shares with a decline of 48 cents to close at $57 and Seprod rose $1 and settled at $48 trading 18,004 shares.
Trading in the US securities market resulted in 60,775 units valued at $9,753 units changing hands. Market activity ended with Proven Investments trading 22,155 shares to close at 25 US cents and Sygnus Credit Investments with a loss of one cent to 11 US cents, in trading 38,620 units. The JSE USD Equities Index closed 0.95 points up at 187.24.

IC TOP 10 stocks hit record highs

NCB Financial dropped $17 during trading to $173 during Friday’s session

The main market hit a new record on Thursday as the All Jamaica Index the long term resistance at 520,000 points was pierced but the market pulled back on Friday with NCB Financial trading a large volume down at $173, down from $190 it was previously trading.
The Junior Market moved up and down during the week, with Fontana and Elite Diagnostic two TOP 10 listings hitting new record highs during the week. Sygnus Credit Investments in the main market also jumped to a record high during the week.
There was just one change to the TOP 10 lists this past week with Grace Kennedy coming in for Jamaica Broilers in the main market. Junior are now in the upper half of the Junior Market, both are now supported by 2020 earnings that are higher than for the year just ended. Earnings of former TOP 10 listing, Wisynco Group with switch to 2020 fiscal year earnings now sits outside the Top 10 but is still an attraction at number 16, but the stock came under selling pressure this past week.
Junior Market stocks continue to struggle to get investors’ attention. With the market consolidating and the expectation of mostly positive results to the market is poised for a takeoff very soon with the market highly undervalued.
The three most attractive Junior Market stocks are, Caribbean Producers with projected gains of 256 percent, Iron Rock with gains of 243 percent, followed by and AMG Packaging with possible gains of 200 percent.
Radio Jamaica heads the main market with 191 percent potential gains followed by Sterling Investments with expected gains of 165 percent and Sygnus Credit Investments in third spot with the potential to gain 153 percent by March next year.
The main market, closed the week with the overall PE at 15.3 and the Junior Market at 10. The PE ratio for Junior Market Top 10 stocks averages 6.9 and the main market PE 8.8. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 31 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 42 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.

NCB hits JSE main market hard

NCB Financial dropped $17 during trading to make big dent in the market indices.

NCB Financial dropped to $173 from $190 it closed at on Thursday but recovered to at $188 at the close. The fall in which the JSE records at $15.36 did major damage to the market indices on Friday.
Trading ended with the JSE All Jamaican Composite Index dived 10,577.64 points to close at 507,951.27 and the JSE Index dropped 9,612.29 points to close at 462,583.32. The big fall in the largest capitalized company on the stock exchange, cut 3 percent off the JSE Financial Index in closing at 122.14 points.
Market activity resulted in 41 securities trading in the main and US dollar markets and leading to 10 securities advancing, 15 declining and 9 trading firm. Market activity ended with 91,225,711 units valued $1,203,688,593 compared to 23,980,897 units valued $156,300,087 changing hands, from 32 securities on Thursday.
Wigton Windfarm led trading with 39 million shares for 43 percent of total main market volume, followed by Radio Jamaica with 26.5 million stock units for 29 percent of total volume, Sagicor Group with 12 million units for 13 percent of total volume. Sagicor Real Estate Fund ended trading with 9.6 million units and 11 percent of main market volume and next was NCB with 1.67 million shares.
The market closed with average of 2,400,677 units valued at $31,676,016 for each security traded. In contrast to 799,363 units for an average of $5,210,003 on Thursday. The average volume and value for the month to date amounts to 1,162,295 shares valued at $4,766,694 changing hands, compared 1,270,097 units valued at $4,635,018 for each securities traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 4 with lower offers.
In the main market activity, Caribbean Cement gained $1.45 to end up trading 25,200 shares to close at $80, Grace Kennedy climbed $3 in trading 50,851 units to end at $67, Jamaica Broilers added $1 and closed at $34, with 15,131 shares changing hands, Jamaica Stock Exchange rose 30 cents after ending trading of 50,855 stock units at $29. JMMB Group shed $2 trading 163,627 shares to close at $48, Mayberry Jamaican Equities finished trading at $11.85, with 10,107 shares after climbing 55 cents, NCB Financial lost $2 in concluding trading of 1,670,020 shares at $188, PanJam Investment rose $1.50 to settle at $99 with 46,562 shares changing hands. Sagicor Group rose 69 cents and finished trading 12,067,394 stock units at $57.70, Scotia Group ended trading of 500,712 shares while climbing $1.98 to close at $57.48 and Supreme Ventures lost 50 cents to end at $27.50, with 68,369 shares trading.
Trading in the US securities market resulted in 48,857 units valued at over US$12,078 changing hands. Market activity ended with JMMB Group 6% USD preference share trading 5,576 units at US$1.04, Proven Investments trading 11,186 shares to close at 25 US cents and Sygnus Credit Investments with a loss of one cent to 11 US cents, in trading 32,095 units. The JSE USD Equities Index closed 2.02 points down to 186.29.

Record close for JSE main market

JMMB Group hity an all-time high of $50 on Thursday.

The main market of the Jamaica Stock Exchange hit new highs on Thursday, with the JSE All Jamaican Composite Index jumping 6,011.90 points to a record 521,685.45 and the JSE Index climbing 5,463.24 points to a record 475,064.08 in mid-morning trading.
Trading ended with the JSE All Jamaican Composite Index ending at a new record close with a rise of 2,855.36 points to 518,528.91 and the JSE Index climbing 2,594.77 points to end at a record closing high of 472,195.61.
Market activity resulted in 32 securities trading in the main and US dollar markets and leading to 10 securities advancing, 15 declining and 9 trading firm. Market activity ended with 23,980,897 units valued $156,300,087 compared to 75,651,962 units valued at $254,462,635 changing hands, from 34 securities on Wednesday.
Wigton Windfarm led trading with 16.5 million shares for 69 percent of total main market volume, followed by Carreras with 5.5 million stock units for 23 percent of total volume and Wisynco Group with 394,500 units for only 1.7 percent of total volume.
The market closed with average of 799,363 units valued $5,210,003 for each security traded, in contrast to 2,364,124 units for an average of $7,951,957 changing hands on Wednesday. The average volume and value for the month to date amounts to 1,162,295 shares valued at $4,766,694 changing hands, compared 1,270,097 units valued at $4,635,018 for each securities traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 4 with lower offers.
In the main market activity, Caribbean Cement lost $1.65 to end up trading 50,508 shares to close at $78.55, Eppley jumped $2.50 in trading 1,324 stock units at $18.50, Grace Kennedy lost $2 and finished trading 83,529 units to end at $64, Jamaica Producers jumped $3.50 trading 39,611 shares at $30. Jamaica Stock Exchange lost 30 and finished trading 11,885 stock units at $28.70, JMMB Group jumped $5.50 in trading 82,686 shares to close at a record high of $50, PanJam Investment rose $1.50 to settle at $97.50 with 13,912 shares changing hands, Sagicor Group lost 99 cents and finished trading 56,055 stock units at $57.01. Salada Foods dived $4 to end at $34, with 2,667 shares trading, Scotia Group ended trading of 74,056 shares while falling 50 cents to close at $55.50, , and Wisynco Group lost 40 cents to close at $18.50 trading 394,500 units.
Trading in the US securities market resulted in 26,455 units valued US$1,250 changing hands. Market activity ended with Proven Investments trading 25,750 shares to close at 25 US cents and Sygnus Credit Investments with a loss of 0.50 cent to 12 US cents, in trading 705 units. The JSE USD Equities Index closed 1 points down to 188.31.

Losses for JSE main market

Wigton shares are still the most heavily traded on the JSE.

The main market of the Jamaica Stock Exchange closed down on Wednesday, as declining stocks beat out advancing ones 3 to 2.
Trading ended with the JSE All Jamaican Composite Index shedding 1,923.97 points to close at 515,673.55 and the JSE Index falling 1,748.38 points to close at 469,600.84.
At the close of trading, 34 securities traded in the main and US dollar markets leading to 10 securities advancing, 15 declining and 9 trading firm. Market activity ended with 75,651,962 units valued $254,462,635 compared to 24,689,423 units valued at $108,692,341 changing hands from 33 securities on Tuesday.
Wigton Windfarm led trading with 61 million shares for 81 percent of total main market volume, followed by Stanley Motta with 10.3 million units for 14 percent of total volume and Carreras with 1.1 million stock units for 2 percent of total volume.
The market closed with average of 2,364,124 units valued at an average of $7,951,957 for each security traded. In contrast to 667,282 units for an average of $2,937,631 on Tuesday. The average volume and value for the month to date amounts to 1,270,097 units valued at $4,635,018 changing hands, compared 762,722 units valued at $3,096,727fro each securities traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 12 stocks ended with bids higher than their last selling prices and 3 with lower offers.
In the main market activity, Barita Investments gained 95 cents to close at $45.05, in trading 2,000 shares, Eppley lost $1 in trading 5,000 stock units at $16, Grace Kennedy rose $1 and finished trading 1,853 units to end at $66, Jamaica Broilers gained $1 and closed at $33, with 199,457 shares trading. Jamaica Producers lost $2 and ended trading with 21,621 shares at $26.50, Jamaica Stock rose $1 and finished trading 58,982 stock units at $29, JMMB Group lost 49 cents in trading 82,686 shares to close of $44.50. NCB Financial Group added 50 cents and concluded trading 79,816 shares at $190, while 138 Student Living rose 28 cents to $3.95, in trading 50,472 shares. PanJam Investment lost $4 to settle at $96 with 211,728 shares changing hands, Pulse Investments lost 28 cents trading 300,000 shares to close at $2.50, Sagicor Group gained $1 and finished trading 191,385 stock units at $58 and Stanley Motta traded 10,263,122 units and lost 30 cents in ending at $5.
In the preference sector, Productive Business Solution lost $1.99 to close at $106 with 1,000 shares trading.
Trading in the US securities market resulted in 17,950 units valued US$3,504 changing hands. Market activity ended with Proven Investments trading 3,000 shares to close at 25 US cents and Sygnus Credit Investments with a loss of 0.50 cent to close at 12.5 US cents, in trading 4,000 units. The JSE USD Equities Index closed 0.39 points down to 189.31.