The Jamaica Stock Exchange main market closed lower on Monday with JSE All Jamaican Composite Index falling 1,076.09 points to 452,026.90 and the JSE Index declining by 977.87 points to 411,762.43.
At the close market activity, the main and US markets had 33 securities traded, compared to 37 on Friday leading to 12 advancing, 10 declining and 11 closing unchanged.
Trading closed with 3,160,151 units valued at $110,748,555 changing hands, compared to 2,765,705 units valued $90,660,891 trading on Friday.
Trading ended with an average of 101,940 units valued $3,572,534, in contrast to 81,344 shares valued at $2,666,497 on Friday. The average volume and value for the month to date amounts to 127,632 units valued at $10,637,369 and previously, 130,615 units valued at $11,557,578. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
Sagicor Group led trading with 1.5 million shares accounting for 48 percent of total main market volume, followed by Pulse Investments with 369,888 shares, and 12 percent of the day’s trades and Barita Investments closed with 321,376 shares for 10 percent of volume traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 6 stocks ending with bids higher than their last selling prices and 3 closing with lower offers.
In main market activity, Barita Investments rose 40 cents and closed at $44.90, with an exchange of 321,376 shares, Grace Kennedy shed 30 cents and ended trading of 14,879 shares at $60.80, Jamaica Broilers gained 49 cents in trading 108,400 units to end at $32, Jamaica Producers added 99 cents in trading 39,777 shares to close at $24.99. JMMB Group lost 95 cents and ended trading 26,726 shares to close at $33, Kingston Wharves lost $1 trading 1,979 shares in closing at $70, Mayberry Investments gained $1.10 to end trading of 42,000 shares, at $9.50, Mayberry Jamaican Equities climbed $1.75 in trading 18,073 shares at $11.75, 
NCB Financial Group rose $1 in trading 65,114 shares to close at $148. PanJam Investment concluded trading of 2,428 shares and jumped $4 to end at a record close of $94, Sagicor Group declined $3 to end at $44 in trading 1,513,718 stock units, Scotia Group traded 4,041 units after declining 99 cents in closing at $50, Seprod gained 97 cents and ended at $45.02, with 23,678 shares changing hands and Supreme Ventures finished with a fall of $1.50 to close at $31.50, with an exchange of 105,394 shares.
Sygnus Credit Investments lost 40 cents to close at $12 with an exchange of 53,679 shares and Wisynco Group ended trading of 269,465 shares with a rise of 35 cents to end at $14.90.
Trading in the US dollar market ended with 85,486 units valued $8,660, Proven Investments closed trading with 881 units in closing at 23.99 US cents and Sygnus Credit Investments rose 1 cent and completed trading of 84,605 shares at 10 US cents. The JSE USD Equities Index lost 3.27 points to close at 178.95.
More changes in IC TOP 10
Eight consecutive days of record close, for the Jamaica Stock Exchange ended last week, but that did not prevent new additions to the main market IC Insider.com’s TOP 10.
At the same time, the Junior Market recorded strong gains in the week and reduced the year to date loss of nearly 10 percent to April down to just 5.3 percent. While a number of companies released profit results last week many more are due this past and the market could get a jolt from some of them.
At the end of the past week, Jamaica Broilers and Stanley Motta moved out of the main market TOP 10 while Lasco Manufacturing and tTech moved up in price and left the Junior Market TOP 10.
Consolidated Bakeries and Main Event are the new additions to the Junior Market TOP 10 while IC Insider’s long standing TOP 10 main market stock, welcomed back, Sygnus Credit Investments that dropped out the previous week returns to the main market TOP 10 along with Grace Kennedy that reported below average first quarter results.
The three leading Junior Market stocks for the coming week are, Caribbean Producers with projected gains of 248 percent, Elite Diagnostic with likely gains of 233 percent, followed by AMG Packaging with potential gains of 216 percent.
Radio Jamaica with potential gains of 173 percent leads main market stocks, followed by Sterling Investments with 151 percent likely gain and Victoria Mutual Investments in third spot with potential to gain 148 percent.
Wigton Windfarm, Jamaica’s latest initial public share offer, sits in at the 4 position on the main market stock list. 
The stock comes to the market at 50 cents per share and boast a PE of 8.3 times normalized earnings for the year to March 2019. With the heavy oversubscription, the top investors will get just a fraction of what they applied for will certainly pushed the price higher when it lists and start trading.
The main market, closed the week with the overall PE at 14.4 and the Junior Market at just 10.4. The PE ratio for Junior Market Top 10 stocks averages 6.7 and the main market PE is now 8.5. These levels, point to the huge upside for the 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 36 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 41 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.
Another down day for JSE – Friday
The Jamaica Stock Exchange main market closed lower on Friday with JSE All Jamaican Composite Index falling by 795.98 points to 453,102.99 and the JSE Index declined by 723.33 points to 412,740.30.
At the close market activity, the main and US markets had 38 securities traded, compared to 32 on Thursday leading to 12 advancing, 14 declining and 1 closing unchanged.
Trading closed with 2,765,705 units valued $90,660,891 changing hands, compared to 1,977,854 units for $90,864,188 trading on Thursday and the JSE All Jamaican Composite Index lost 1,047.74 points to close 453,898.97 and the JSE Index declined by 952.11 points to end at 413,463.63.
Trading ended with an average of 81,344 units valued at an average of $2,666,497 for each security traded. In contrast to 59,935 units for an average of $2,753,460 on Thursday. The average volume and value for the month to date amounts to 130,615 units valued at $11,557,578 and previously, 137,805 units valued at $13,039,425. 
Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
Barita Investments led trading with 549,795 shares accounting for 20 percent of total main market volume, followed by Sagicor Group with 440,087 shares, and 16 percent of the day’s trades and Pulse Investments closed with 281,094 shares for 10 percent of volume traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 3 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Barita Investments rose $1.50 and closed at $44.50, with 549,795 shares, Caribbean Cement fell 50 cents to finish at $80, with 43,369 shares changing hands, Eppley gained 98 cents and settled at $12.98, with 205 shares trading, Grace Kennedy gained 30 cents and ended trading of 30,704 shares at $61.10. Jamaica Producers gained 50 cents in trading 1,592 shares to close at $24. PanJam Investment concluded trading of 11,623 shares and lost $1 to end at $90, 
Scotia Group traded 109,267 units after rising 69 cents in closing at $50.99, Supreme Ventures finished with a rise of $2 to close at a 52 weeks’ high of at $33, with 70,840 shares. Sygnus Credit Investments lost 40 cents to close at $12 with an exchange of 53,679 shares and Wisynco Group ended trading of 269,465 shares with a rise of 35 cents to end at $14.90.
Trading in the US dollar market ended with 53,175 units valued at over US$5,496, with JMMB Group 6% preference share concluded trading 490 units at $1.05, Proven Investments closed trading with 950 units in closing at 23.99 US cents and Sygnus Credit Investments lost 1 cent and completed trading of 51,736 shares at 9 US cents. The JSE USD Equities Index rose 0.66 points to close at 182.22.
Record JSE run ends – Thursday
After 8 consecutive days of record close, the Jamaica Stock Exchange main market ended down on Thursday, along with a sharp decline in volume traded, compared to Wednesday’s level.
At the close market activity, the main and US markets had 38 securities traded, compared to 32 on Wednesday leading to 10 advancing, 14 declining and 14 closing unchanged. The JSE All Jamaican Composite Index lost 1,047.74 points to close 453,898.97 and the JSE Index declined by 952.11 points to end at 413,463.63.
Trading closed with 1,977,854 units for $90,864,188 changing hands, compared to the big trade on Wednesday of 15,196,273 units at $1,961,044,771, boosted by a 12.6 million NCB Financial shares.
Trading ended with an average of 59,935 units valued $2,753,460, in contrast to 506,542 shares valued at $65,368,159 on Wednesday. The average volume and value for the month to date amounts to 137,805 units valued at $13,039,425 and previously, 150,653 units valued at $15,024,436. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
Wisynco Group led trading with 421,521 shares accounting for 21 percent of total main market volume, followed by NCB Financial Group with 382,188 shares, and 19 percent of the day’s trades and Carreras closed with 291,685 shares for 15 percent of volume 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 4 closing with lower offers.
In main market activity, Barita Investments lost $1.45 and closed at $43, trading 8,756 shares, Caribbean Cement rose 49 cents to finish at $80.50, with 46,077 shares changing hands, Grace Kennedy lost 70 cents and ended trading of 55,186 shares at $60.80, Jamaica Broilers traded 28,735 shares after falling $2.28 to close at $31.71. Jamaica Producers gained $1.29 in trading 24,716 shares to close at $23.50, Kingston Wharves lost $1 trading 1,979 shares in closing at $70, Mayberry Investments dropped $1.01 to end trading of 3,022 shares, at $8.49, Mayberry Jamaican Equities shed 49 cents trading 29,389 shares at $10.01, NCB Financial Group lost $2.96 trading 382,188 shares to close at $147.05. PanJam Investment concluded trading of 2,800 shares and gained $1 to end at a record closing high of $91, Pulse Investments concluded trading at 
$2.50, with 281,094 shares, Sagicor Group declined $1 to end at $47 trading 44,572 stock units, Salada Foods lost 99 cents to end at $31.01 after trading 2,060 shares. Scotia Group traded 9,476 units and lost 70 cents in closing at $50.30, Seprod declined 46 cents trading 122,514 shares to close at $44.05, Supreme Ventures finished with a rise of $1 to close at a 52 weeks’ high of at $31, with 158,160 shares. Sygnus Credit Investments lost 58 cents to close at $12.40 with an exchange of 7,200 shares and Wisynco Group ended trading with 421,521 shares with a rise of 30 cents to end at $14.55.
Trading in the US dollar market ended with 36,316 units valued at over US$22,506 with JMMB Group 6% preference share concluded trading 19,000 units at $1.05, Margaritaville completed trading of 343 shares at 25 US cents. Productivity Business rose 1 cent to close at 60 us cents with 863 stock units trading and Proven Investments closed trading with 2,510 units in closing at 24 US cents. The JSE USD Equities Index fell 0.76 points to close at 181.56.
Another record day for JSE– Wednesday
Supreme Ventures traded at new high of $30.50 on Wednesday.
The Jamaica Stock Exchange main market ended trading on Wednesday, with JSE All Jamaican Composite Index jumped 1,807.25 points to record close of 454,946.71 and the JSE Index advanced by 1,642.30 points to a record closing high of 414,415.74.
At the close market activity, The main and US markets had 32 securities traded, compared to 29 on Tuesday leading to 12 advancing, 14 declining and 6 closing unchanged.
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 4 closing with lower offers.
Market activity on the main market closed with, 15,196,273 units valued $1,961,044,771 changing hands, compared to 2,768,443 units valued $89,385,777 trading on Tuesday.
Trading ended with an average of 506,542 units for $65,368,159, in contrast to 98,873 shares valued at $3,192,349 on Tuesday. The average volume and value for the month to date amounts to 150,653 units valued at $15,024,436 and previously, 105,917 units valued at $5,288,120. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
NCB Financial Group led trading with 12.6 million shares accounting for 83 percent of total main market volume, followed by Supreme Ventures with 530,233 shares, and 3.5 percent of the day’s trades and JMMB Group closed with 506,705 shares for 3 percent of volume traded.
In main market activity, Caribbean Cement fell 99 cents to finish at $80.01, with 24,627 shares changing hands, Eppley gained $1 in settling at $12, with an exchange of 2,569 shares. Grace Kennedy rose 50 cents and ended trading 31,171 shares at $61.10, Jamaica Broilers traded 15,746 shares after rising $1.99 to close at $33.99, Jamaica Producers lost 79 cents in trading 162,356 shares 
to close at $22.21. JMMB Group added $2 trading 56,642 shares in closing at $34, Mayberry Investments rose 25 cents to end trading of 112,194 shares at $9.50, Mayberry Jamaican Equities shed 80 cents trading 59,107 shares at $10.50, NCB Financial Group climbed $3, in trading 12,616,011 shares, to close at $150.01. PanJam Investment concluded trading of 3,287 shares and gained 50 cents to end at $90, after trading at a record high of $100, Sagicor Group gained $1 to end at $48 trading 42,680 stock units, Salada Foods rose 99 cents to end at $32 after trading 140 shares and Seprod declined 49 cents trading 23,101 shares to close at $44.51.
Trading in the US dollar market ended with JMMB Group 5.75% preference share losing 10 cents and ended at $2 in an exchange of 15,000 shares and Proven Investments closed trading with 1,809 units and closed at 24 US cents. The JSE USD Equities Index closed 2.15 points higher to 182.32.
More records for JSE– Monday
New record high for the JSE main market.
The Jamaica Stock Exchange main market ended trading on Monday, with both main market indices ending at record closing highs.
When trading ended, the JSE All Jamaican Composite Index advanced 1,060.87 points to a new record close of 448,812.56 and the JSE Index rose 964.04 to a record of close of 408,841.46.
The main and US markets had 30 securities traded, compared to 34 on Monday leading to 10 advancing, 10 declining and 10 closing unchanged. At the end of trading, Jamaica Stock Exchange rose to a record high of $20.10 and Wisynco Group ended at a new record close of $14.50.
Market activity on the main market ended with, 1,986,337 units with a value of$46,516,263 changing hands, compared to 3,479,279 units valued $204,145,954 trading on Friday.
Supreme Ventures led trading with just 328,380 shares accounting for 17 percent of total main market volume, followed by Pulse Investments with 251,500 shares, and 16.5 percent of the day’s trades and Wisynco Group closed with 230,731 shares for 11.6 percent of volume traded.
Market activity ended with an average of 68,494 units valued at an average of $1,604,009 for each security traded. In contrast to 119,975 units valued at an average of $7,039,516 on Friday. The average volume and value for the month to date amounts to 107,663 units valued at $4,590,690 and previously, 121,185 units valued at $5,621,806. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 6 stocks ending with bids higher than their last selling prices and 5 closing with lower offers.
In main market activity, Caribbean Cement lost $1.20 to finish at $78.80, with 10,994 shares changing hands, Jamaica Broilers traded 103,019 shares after rising $1 to close at $31, Jamaica Producers gained 59 cents in trading 2,081 shares at $22.60, JMMB Group lost $2 trading 21,639 shares in closing at $32. Mayberry Investments lost 46 cents to end trading of 11,372 shares at $8.79, Mayberry Jamaican Equities lost 40 cents trading 185,289 shares at $11, NCB Financial Group rose $1.50 in trading 104,939 shares to close at $148.50, 
Proven Investments traded 8,300 and lost $1 in closing at $31. Sagicor Group lost 80 cents to end trading of 22,286 stock units at $45.70, Sagicor Real Estate Fund lost $1.55 to end at $8.50 after trading 62,275 shares, Scotia Group declined by $2.25 in trading 42,276 shares to close at $50.75. Stanley Motta rose 75 cents in trading 35,235 shares to close $5.30, Supreme Ventures jumped $3 and finished at $29.50, with 328,380 units changing hands and Sygnus Credit Investments lost 50 cents with 17,125 units trading, to end at $12.
Trading in the US dollar market ended with 15,200 units valued $3,561 with Proven Investments ng the sole stock traded and closed at 24 US cents The JSE USD Equities Index gained 0.08 points to close at 180.17.
JSE record run shakes up IC TOP 10
Five consecutive days of record close, shook up IC Insider.com’s TOP 10 this past week, more shakeup seems possible with a raft of company results set for release, this week.
IC Insider’s long standing TOP 10 main market stock, Caribbean Cement jumped sharply during the week to record high of $100 before closing the week at $80, up $16.60 as investors reacted positively to the strong first quarter results. Sagicor Group rose to close the week at $46.50 and Sygnus Credit Investments moved to $12.50 at the close of the week and moved out of the TOP 10 main market. Jamaica Broilers, Berger Paints and Pulse Investments return to the main market TOP list.
The Junior Market TOP 10, said goodbye to Jamaican Teas that rose to $3.90 and Caribbean Cream. Caribbean Cream earnings for the 2019/20 fiscal year were down grade to 47 cents per share, following the release of 2019 audited financial results. ISP Finance returns to the TOP list after a long absence and AMG Packaging returned after a short time out.
The three leading Junior Market stocks for the coming week are, Elite Diagnostic with likely gains of 233 percent, followed by Lasco Financial with potential gains of 229 percent and Caribbean Producers with projected gains of 221 percent.
Radio Jamaica with potential gains of 175 percent takes over the leadership of main market stocks, from Victoria Mutual Investments with 150 percent likely gain, and now sits in third spot behind Sterling Investments with potential to gain 151 percent.
Wigton Windfarm, Jamaica’s latest initial public share offer, sits in at the 4 position on the main market stock list. The stock comes to the market at 50 cents per share and boast a PE of 8.3 times normalized earnings for the year to March 2019.
The main market, closed the week with the overall PE at 14.2 and the Junior Market at just 10.3. The PE ratio for Junior Market Top 10 stocks averages 6.6 and the main market PE is now 8.6. These levels, point to the huge upside for the 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 36 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 40 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.
More JSE records shattered – Friday
More records were shattered on another record breaking day, on the Jamaica Stock Exchange main market on Friday, with both main market indices ending at new highs, for five consecutive days.
Trading ended with the fifth with a new record close for the year at 447,751.69 on the JSE All Jamaican Composite Index after climbing 2,819.84 points and the JSE Index advanced to a record of close of 407,877.42 with 2,562.47 points gain.
The main and US markets had 34 securities traded, compared to 33 on Thursday leading to 16 advancing, 10 declining and 8 closing unchanged. At the end of trading, Jamaica Stock Exchange jumped to a record high of $20.02, PanJam Investment ended at a new closing high of $90 and Wisynco Group ended at a new record close of $14.40.
Market activity on the main market ended with 3,479,279 units valued $204,145,954, changing hands, compared to 2,986,488 units valued $110,422,118 trading on Thursday.
NCB Financial led trading with 1.03 million shares accounting for 30 percent of total main market volume, followed by Victoria Mutual Investments with 674,362 shares, and 19 percent of the day’s trades and Scotia Group closed with 514,622 shares for 15 percent of volume traded.
Market activity ended with an average of 119,975 units valued at an average of $7,039,516 for each security traded. In contrast to 102,982 units for an average of $3,807,659 on Thursday. The average volume and value for the month to date amounts to 121,185 units valued at $5,621,806 and previously, 121,824 units valued at $4,874,287. Trading for April resulted in an average of 157,923 shares at $3,718,919, 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 2 closing with lower offers.
In main market activity, Barita Investments jumped $2.99 to close at $43, with an exchange of 7,698 shares, Berger Paints fell $1 to end at $20, with an exchange of 7,770 stock units, Caribbean Cement lost $4 to finish at $80, with 30,433 shares changing hands, Grace Kennedy traded 17,149 stock units and rose $1 to $61. JMMB Group gained 60 cents trading 184,023 shares in closing at 
$34, Mayberry Investments rose $1.25 to end trading of a mere 210 shares at $9.25, NCB Financial Group rose $2.15 in trading 1,033,816 shares to close at $147, Sagicor Group added $1 to end trading 59,341 stock units at $46.50, with. Scotia Group gained $2.50 in trading 514,622 shares to close at $53, Seprod rose $2.50 in trading 15,959 shares to close $46, Supreme Ventures fell 50 cents and finished at $26.50, with 20,995 units changing hands and Sygnus Credit Investments rose 87 cents with 17,243 units trading, to end at $12.50.
Trading in the US dollar market ended with 50,570 units valued at $12,735. JMMB Group 5.5% preference share traded 3,000 shares at US$2, JMMB Group finished rose by 5 cents to ended at US$2.10 trading 1,556 shares, Proven Investments traded 850 shares and gained 1 cent, to close at 24 US cents and Sygnus Credit Investments traded 25,760 units to end at 10 US cents. The JSE USD Equities Index gained 1.10 points to close at 180.09.
4 days of record close for JSE stocks
New ecord close for JSE main market on Thursday
The Jamaica Stock Exchange main market, ended at the fourth new closing high for the week, with the All Jamaican Composite Index rising 980.45 points to 444,931.85 and the JSE Index advancing 890.96 points to 405,314.95.
The main and US markets had 33 securities traded, compared to 27 on Wednesday leading to 13 advancing, 12 declining and 8 closing unchanged. At the end of trading, Jamaica Stock Exchange jumped to a record high of $20 and Wisynco Group ended at a new record close of $14.30.
Market activity on the main market ended with 2,986,488 units valued $110,422,118, changing hands, compared to 3,713,812 units valued $157,663,641 trading on Wednesday.
Wisynco Group led trading with just 529,420 shares accounting for 18 percent of total main market volume, followed by NCB Financial with 417,353 shares, and 14 percent of the day’s trades and Seprod closed with just 342,629 shares for 3 percent of volume traded.
Market activity ended with an average of 102,982 units valued at an average of $3,807,659 for each security traded. In contrast to 142,839 units for an average of $6,063,986 on Wednesday. 
Trading for April resulted in an average of 157,923 shares at $3,718,919, 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 3 closing with lower offers.
In main market activity, Barita Investments dropped $2.49 to close at $40.01, with an exchange of 83,339 shares, Caribbean Cement lost S1 to finish at $84, with 10,377 shares changing hands, Jamaica Broilers dived $3.90 in exchanging 10,000 units to end at $30.10, Jamaica Producers fell $1 to close at $22, after trading 11,285 stock units. JMMB Group gained $1.90 trading 253,237 shares in closing at $33.40, with 37,209 shares 37,209 shares. Kingston Properties lost 75 cents to settle at $6.80, with an exchange of 5,450 units, Mayberry Investments lost $1.65 to end trading of 27,500 shares at $8. PanJam Investment jumped $6.87 to a record high of $89.97, with 6,592 units changing hands, 
Scotia Group lost $1.49 in trading with 62,660 shares at $50.50, Seprod fell $3.50 in trading 342,629 shares to close $44. Sygnus Credit Investments lost 87 cents with 81,165 units trading, to end at $11.63 and Wisynco Group climbed 80 cents trading with 529,420 shares at an all-time high of $14.30.
Trading in the US dollar market ended with 419,786 units valued at US$95,838. JMMB G 6% preference share traded 439 shares and rose 5 cents to finish at US$1.09, Proven Investments traded 413,807 shares and gained 0.05 cent, to close at 23 US cents, Sterling Investments finished trading of 2,540 units to close at 4 US cents and Sygnus Credit Investments traded 3,000 units to end at 10 US cents. The JSE USD Equities Index gained 1.67 points to close at 178.99.
JSE main market hits new high – Wednesday
Caribbean Cement traded at a new high of $85 on Wednesday.
The Jamaica Stock Exchange main market closed at a new record high on Wednesday, the third consecutive day of new highs, as investors increased their appetite for higher prices.
All Jamaican Composite Index jumped 2,775.27 points to a record close of 443,951.40 and the JSE Index climbed 2,521.97 points to a record closing high of 404,423.99.
The main and US markets had 27 securities traded, compared to 31 on Tuesday, leading to 17 advancing, 3 declining and 11 closing unchanged. At the end of trading, Caribbean Cement hit a record close of $85, Jamaica Stock Exchange jumped to a record high of $20 and Wisynco Group ended at a new record close of $13.50.
Market activity on the main market ended with 3,713,812 units valued $157,663,641 changing hands, compared to 4,368,956 units valued at $113,544,169, trading on Tuesday.
Mayberry Jamaica Equities accounted for 2.1 million shares or 56.4 percent of total main market volume, followed by NCB Financial with 792,711 shares and 21 percent of the day’s trades and Pulse Investments closed with just 120,053 shares for 3 percent of volume traded.
Market activity ended with an average of 142,839 units at $6,063,986, in contrast to 156,034 shares valued $4,055,149 on Tuesday. Trading for April resulted in an average of 157,923 shares at $3,718,919, 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 just 1 closing with a lower offer.
In main market activity, Barita Investments jumped $3 to close at $42.50, with an exchange of 57,386 shares, Caribbean Cement jumped S7.01 to finished at at a record $85, with 44,987 shares changing hands, Grace Kennedy lost 70 cent to end at $60.30 with 3,463 shares trading, Jamaica Broilers shed 50 cents in exchanging 30,468 units to end at $34, Jamaica Producers fell $1 to close at $22, after trading 11,285 stock units. Jamaica Stock Exchange jumped $2 to end at a record high of $20, trading 54,459 shares, JMMB Group lost $1.50 trading 37,209 shares in closing at 
$31.50, with 37,209 shares 37,209 shares. Kingston Wharves lost 75 cents to settle at $71, with an exchange of 5,450 units, Mayberry Investments lost 75 cents and ended trading at with 882,928 shares at $8.75. Mayberry Equities rose by 50 cents to close trading at $11.50, trading 2,096,031 shares, NCB Financial Group dived $20 in trading 792,711 shares to close at $145. Sagicor Group fell $1.79 to end at $45.20 in an exchange of 58,420 shares, Seprod rose $2.50 in trading 12,306 shares to close $47.50, Supreme Ventures rose 50 cents to close at $27, with 5,887 units changing hands and Wisynco Group climbed 90 cents trading with 96,492 shares at an all-time high of $13.50.
Trading in the US dollar market ended with 6,180 units valued at $1,391. Proven Investments was the sole stock trading and ended unchanged at 23 US cents. The JSE USD Equities Index gained 0.11 points to close at 177.32.