Prices of 14 securities rose and 15 declined and just 5 held firm when the Jamaica Stock Exchange closed on Wednesday from 34 securities trading in the main and US dollar markets compared to 33 trading on Tuesday.
At the close of trading, the All Jamaica Composite Index advanced by 1,658.37 points to 382,756.89 and the JSE Index gained 1,510.97 points to close at 348,734.83.
Sterling Investments ended at a 52 weeks’ closing high at $18.50, PanJam Investment traded at an intraday high of $60 while Sagicor Real Estate Fund trading at a 52 weeks’ low of $10.68.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 8 stocks ended with bids higher than their last selling prices and only 1 closing with a lower offer.
The main market ended with 117,820,162 units valued at $2,898,097,993 compared to 24,501,665 units valued at $302,847,453 changing hands on Tuesday.
The day’s volume was led by, JMMB Group dominated trading 102,542,622 units and 87.03 percent of the day’s volume, followed by Sagicor Real Estate Fund with 10,177,834 shares accounting for 8.64 percent of main market volume and 138 Student Living with 3,333,334 units and just 2.83 percent of the day’s volume.
Trading resulted in an average of 3,681,880 units valued at over $90,565,562, in contrast to 844,885 shares valued at $10,443,016 on Tuesday. The average volume and value for the month to date amounts to 579,751 shares valued $9,695,343, compared to 387,743 shares valued $4,414,023 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Barita Investments climbed 84 cents and closed at $18 with 205,636 shares changing hands, Berger Paints rose 32 cents to $22.43, in exchanging 1,500 stock units, Caribbean Cement shed $1.51 to finish at $47.99, in the trading of 15,599 shares, Grace Kennedy rose $1 and finished trading 57,180 shares at $59, Jamaica Broilers jumped $2.75 in trading 73,741 stock units, to close at $28.75, Jamaica Producers rose 50 cents and finished trading 146,786 units at $27, Kingston Wharves dropped $3.70 to $70.30, 
with 10,470 stock units changing hands, Mayberry Investments lost 25 cents and settled at $8.25, exchanging 13,000 units, NCB Financial Group lost $2 and ended trading of 76,697 shares at $118, PanJam Investment climbed $2.74 and closed at $56.24, while exchanging 53,945 stock units, after it hit a 52 weeks’ high of $60, Sagicor Real Estate Fund gained 99 cents to settle at $12, trading 10,177,834 shares, Scotia Group lost $2 in trading 118,566 units at $60, Seprod lost $1.60 and finished trading 3,791 shares at $45.20, Sterling Investments jumped $1.98 to end at a 52 weeks’ closing high at $18.50, with 66,444 shares changing hands.
Trading in the US dollar market closed with 268,098 units valued at $69,579 as JMMB Group 6% preference share rose 6 cents completed trading of 18015 at $1.06 and Proven Investments traded 250,083 shares at 20 US cents after falling by 2 cents The JSE USD Equities Index declined 7.13 points to close at 159.31.
Large drop for JSE main market index – Tuesday
Scotia Group closed with the offer at $58, well below the last traded price.
Prices of 20 securities rose and 9 declined when the Jamaica Stock Exchange closed on Tuesday but a sharp fall during the day by Scotia Group, sank the main market indices by more than 2,800 points.
At the close of trading, the All Jamaica Composite Index diving 3,116.64 points to 381,098.52 and the JSE Index dropping 2,839.61 points to close at 347,223.86.
Market activities resulted in 33 securities trading, including 3 in the US dollar market compared to 32 securities trading on Monday. Sterling Investments jumped to a record close following an announcement of a proposed stock split and rights issue.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 8 stocks ended with bids higher than their last selling prices and only 7 closing with lower offers.
The main market ended with 24,501,665 units valued at $302,847,453 compared to 2,957,550 units valued at over $67,644,851 changing hands on Monday.
The day’s volume was led by, JMMB Group 7.50% preference dominated traded with 12,856,800 units and 52.47 percent of the day’s volume, followed by Sagicor Group with 3,109,728 shares accounting for 12.7 percent of main market volume and Wisynco Group with 2,530,222 units and just 10.3 percent of the day’s volume.
Trading resulted in an average of 844,885 units valued at over $10,443,016, in contrast to 101,984 shares valued at $2,332,581 on Monday. The average volume and value for the month to date amounts to 387,743 shares valued $4,414,023, compared to 360,577 shares valued $4,034,759 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Caribbean Cement climbed $1.50 to finish at $49.50, trading 10,500 shares, Grace Kennedy rose 83 and finished trading 412,044 shares at $58, Jamaica Broilers dropped $1.05 in trading 90,832 stock units, to close at $26, Jamaica Producers lost 50 cents and finished trading 1,102,131 units at $26.50, Kingston Wharves jumped $5 and finished at $74, with 3,626 stock units changing hands, Mayberry Investments lost 30 cents and settled at $8.50, exchanging 4,700 units, NCB Financial Group climbed $4.98 and ended trading of 132,380 shares at $120, PanJam Investment fell $3.46 and closed at $53.50, while exchanging 129,129 stock units, 
Sagicor Group gained 50 cent to settle at $39, in the exchange of 3,109,728 shares, Salada Foods ended trading 100 stock units and rose $1 to end at $19. Scotia Group lost $1 in trading 243,253 units at $62.01, Sterling Investments jumped $2.02 to end at a 52 weeks’ closing high at $16.52, with 28,864 shares changing hands,Sygnus Credit Investments traded 2,361,804 shares and jumped $1.67 to close at $13.72, Stanley Motta gained 46 cents to $5.31 trading 170,600 shares, Supreme Ventures added 50 cents and ended at $16.50 with an exchange of 25,610 shares and Victoria Mutual Investments lost 19 cents and concluded trading 168,538 stock units at $3.70 and Wisynco Group rose 25 cents and finished at $9.10, with 2,530,222 units.
Trading in the US dollar market closed with 110,523 units valued at $34,145 as JMMB Group 5.75% preference share declined by 1 cents completed trading of 10,845 at $2, JMMB Group 6% preference share lost 5 cents completed trading of 10,845 at $1.01, Proven Investments traded 66,878 shares at 22 US cents after falling by 1 cent and Sygnus Credit Investments USD Ordinary share traded 30,300 units losing 1 cent at 11 US cents. The JSE USD Equities Index advanced 4.42 points to close at 166.44.
Main Event & Stanley Motta in IC TOP 10
Main Event returns to IC TOP 10.
Main Event fell to $5.50 on Friday and climbed back into the Junior market IC TOP 10 stock listing, while Recently listed Stanley Motta climbed on board the main market list.
Moving on out of the top 10 are JMMB Group with a rise in the bid price to $32.70 and Caribbean Cream that closed the week at $7.90, from $6.50 last week. Both are worth watching for more gains in the coming week. Barita Investments and Berger Paints long time TOP 10 listees, moved up in price during the week but still remain in the list but could be out by the end of the coming week if current demand continues.
During the past week, the main market of the Jamaica Stock Exchange, racked up more record closes but pulled back on sharply on Thursday and Junior market hit new highs during the week but dropped sharply on Friday due mainly to Lasco Distributors falling to $3.35 and Express Catering dropping to $6.40 before rebounding at the close.
Gains in the two markets are driving the PE ratio of the market higher with the overall PE for the Junior Market rising to 14 and the main market to 14.5 as the valuation multiple grows with historically low interest rates and high liquidity abounding.
The PE ratio for Junior Market Top 10 stocks average 9.3 up from 8.9 last week, as the market continues to revalue the multiple higher and the main market PE is now 9.1, up from 8.8 last week, for the top stocks.
The TOP 10 stocks now trade at an average discount of 35 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings. The main market stocks trade at a discount of 38 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period.
Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, 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 based on new information received that can result in changes in and out of the list as well.
JSE All Jamaica surges 7,458 points to record close
The main market of Jamaica Stock Exchange surged to the highest level ever on Wednesday with the All Jamaica Composite Index surging 7,458.32 points to a new record close of 392,602.62 and the JSE Index jumping 6,795.37 points to a record close at 357,705.39.
Market activities resulted in just 29 securities trading, including 2 in the US dollar market compared to 33 securities trading on Tuesday. At the end of trading, the prices of 12 stocks rose, 12 declined and 5 closed trading, unchanged. Three stocks closed at 52 weeks’ high at the close.
The main market ended with 6,162,805 units valued $201,094,929 compared to 4,785,990 units valued at $69,191,788 changing hands, on Tuesday.
The day’s volume was led by, Sagicor Group with 4,574,803 units, 74.23 percent of the volume traded, followed by Jamaica Stock Exchange with 547,640 and 8.9 percent of main market volume and Carreras with 507,942 units and 8.24 percent of the day’s volume.
Trading resulted in an average of 228,252 units valued at an average of $7,447,960, in contrast to 149,562 units valued at over $2,162,243 on Tuesday. The average volume and value for the month to date amounts to 409,365 shares valued $3,936,656, compared to 433,603 shares valued $4,116,343 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Barita Investments jumped $2.80 to closed at a record $18.50, trading 8,800 shares, Berger Paints fell 50 cents to $21.50, with 2,525 stock units changing hands, Caribbean Cement lost 75 cents to finish at $47.50, trading 15,870 shares, Grace Kennedy declined by 50 cents and ended trading of 25,183 shares at $57.00, JMMB Group climbed $1 and ended at record $33, with 9,700 shares trading. Kingston Wharves gained $2 and finished at $72 trading 500 stock units, Mayberry Investments gained 36 cents and settled at $8.30, exchanging 3,357 units, NCB Financial Group climbed $3 and ended trading 19,217 shares at $123. 
Sagicor Real Estate Fund rose $1 to $12 with the trading of 47,657 units, Salada Foods lost $1 to end trading 8,600 stock units at $18, Scotia Group traded 4,883 units after rising $1 to a record closing high of $63 and Sygnus Credit Investments lost $1.03 in trading 58,536 shares to end at $12.50.
Trading in the US dollar market closed with 29,915 units valued at $14,950 as Productivity Business ended trading increased 0.20 cents and completed trading at 55 US cents with 25,300 shares and Proven Investments ended trading with 4,615 shares and declined 0.10 cents to 22 US cents. The JSE USD Equities Index lost 0.76 points to close at 168.80. The JSE USD Equities Index increased 0.04 points to close at 169.56. IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 5 stocks ended with bids higher than their last selling prices and 5 closing with lower offers.
Carib Producers returns to IC TOP 10
Caribbean Producers back in TOP 10
Caribbean Producers climbed back into the Junior market IC TOP 10 stock listing but there was no change to the main market list. Main Event dropped out of the top list having recovered from a big price fall in the previous week.
Caribbean Producers recently released full year results that were slightly lower than the year before but with a 10 percent rise in revenues. A lower profit margin by 2 percent and an increase of 10 percent in administrative and selling expenses resulted in lower profit but forecast suggest that earnings for 2019 should be up strongly to around 65 Jamaican cents. The company will have to report new results to see the likely increased earnings start to show up in the stock price.
During the past week, the main market of the Jamaica Stock Exchange, racked up 5 consecutive days of record close on Friday and 11 record close in a row, while the Junior market closed the week for with two record close, for the first time since May 2017.
The gains in the two markets is driving the PE ratio of the market higher with the overall PE for the Junior Market rising from to 13 and the main market from 13.7 last week to 13.7 and 14 respectively, this week. Recent movement in the PE suggest that average PE for the market will end 2018 around 18 and 20 by the end of January as conditions continue to favour stocks as the preferred investment of choice along with real estate.
The PE ratio for Junior Market Top 10 stocks average 8.9 up from 8.7 last week, as the market continues to revalue the multiple higher. 
The latest valuation compares to an average PE for the overall market of 14.3, based on 2018 estimated earnings. The main market PE is now 8.8 and is the up from 8.5 last week, for the top stocks, compared to a market average of 14.6.
The TOP 10 stocks now trade at an average discount of 38 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 40 percent to the market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period.
Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, 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 based on new information received that can result in changes in and out of the list as well.
2 weeks of record run for JSE stocks
The Jamaica Stock Exchange main market, continues to shatter daily records, with 11 consecutive record close up to Friday, as the all Jamaica composite Index pushes 1,000 points nearer to the 400,000 mark.
The market closed with the All Jamaica Composite Index rising 1,072.57 points higher to a record close at 385,803.63, after peaking around 387,321.24 and the JSE Index gaining 977.24 points to a record close of 351,510.71 after peaking around 352,893.45. Friday’s close brings to 34, the number of record close for the year and 22 since the start of July.
The main market surged to new record at the start of the morning session and continued to create new highs throughout the trading session.
Market activities resulted in just 25 securities trading, including 2 in the US dollar market compared to 30 securities trading on Thursday. At the end of trading, the prices of 12 stocks rose, 11 declined and 2 closed trading, unchanged. The main market ended with 2,715,718 units valued at $59,199,085 compared to 13,536,420 units valued at $68,566,185 changing hands, on Thursday.
The day’s volume was led by, Victoria Mutual Investments with 877,157 units and 32.30 percent of the day’s volume, followed by Sygnus Credit Investments with 483,665 units or 17.8 percent of main market volume and Mayberry Jamaican Equities with 225,459 units 8.3 percent of the volume traded.
Trading resulted in an average of 118,075 units valued at over $2,573,873, in contrast to 483,444 units valued at an average of $2,448,792 on Thursday. The average volume and value for the month to date amounts to 443,910 shares valued $4,190,129, compared to 469,931 shares valued $4,332,558 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Barita Investments climbed $1.68 to close at $12.95, trading 3,577 shares, as investors show increased interest with plans the new majority owners have for the company, to extract much more profits for it going forward. Grace Kennedy rose $1.39 to end at $58.40, trading 165,573 shares, Jamaica Producers jumped $4 and finished trading of 94,085 units at a record high of $27, Kingston Wharves dropped $2 and ended trading 3,197 stock units to close at $72, NCB Financial Group fell $1 and ended trading 154,635 shares at $129, PanJam Investment gained $1 and closed at $56 trading 77,423 stock units, 
Portland JSX put on 60 cents in trading 7,377 shares and ended at $9, Sagicor Group rose 69 cents and settled at $39.85, trading 48,812 shares. Seprod added 90 cents to end at $46.90 in trading 11,025 units and Sygnus Credit Investments jumped 91 cents in trading 483,665 shares close at $13.71.
Trading in the US dollar market closed with 94,323 units valued at US$21,208 as , Margaritaville traded 1,740 shares settled and ended at 19 US cents and Proven Investments lost 0.5 cents and ended trading of 92,583 shares at 22.5 US cents. The JSE USD Equities Index declined by 1.78 points to close at 167.78.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 5 stocks ended with bids higher than their last selling prices and 4 closing with lower offers.
All Jamaica 400K push continues – Thursday
NCB traded at a 52 weeks’ high of $130 on Thursday.
The Jamaica Stock Exchange main market ended at a 10th consecutive record close on Thursday with the all Jamaica composite Index pushing nearer to the 400,000 mark aided by a rise in the price of 18 main market stocks.
The market closed with the All Jamaica Composite Index surging 5,960.37 points higher to a record close at 384,731.07 and the JSE Index jumping 5,430.57 points to a record close of 350,533.51. Thursday’s close brings to 33, the number of record close for the year and 21 since the start of July. The main market surged to new record high at the start of the morning session and continued to create new highs during the first 90 minutes of trading as NCB Financial traded at $125 and Kingston Wharves at $75 to be aided by Jamaica Producers that traded as high as $28.50.
Market activities resulted in 30 securities trading, including 2 in the US dollar market compared to 34 securities trading on Wednesday. 
At the end of trading, the prices of 20 stocks rose, 4 declined and 6 closed trading, unchanged. The main market ended with 11,678,084 units valued at $147,689,924 changing hands, compared to 3,156,915 units valued at $54,279,819, on Wednesday.
The day’s volume was led by, JMMB Group 7.5% preference share closed with 8,042,693 shares and 59.4 percent of the day’s volume, the JMMB Group 7.25% preference share ended with 2,772,000 shares, 20.5 percent of main market volume,and Wisynco Group with 620,232 units for just 4.6 percent of the volume traded.
Trading resulted in an average of 483,444 units valued at an average of $2,448,792, in contrast to 432,522 units valued at an average of $5,469,997 on Wednesday. The average volume and value for the month to date amounts to 469,931 shares valued $4,332,558, compared to 468,476 shares valued $4,558,933 traded on the immediately preceding trading day.
JSE breaks several records in trading on Thursday morning
August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Barita Investments gained 77 cents and closed at $11.27, trading 2,850 shares, Caribbean Cement added $1.44 to finish at $50 with 14,153 shares trading, Grace Kennedy fell $2 to end at $57, trading 238,210 shares, Jamaica Broilers climbed $1.05 in trading 108,185 stock units at record high of $31, Jamaica Producers gained 50 cents and finished trading 7,000 units at a record high of $23, JMMB Group climbed 98 cents and ended trading 142,794 shares at $30.99. Kingston Wharves jumped $4 and ended trading 13,948 stock units to close at a record high of $74, Mayberry Investments jumped $2 to settle at $9, with 271,631 units changing hands, NCB Financial Group jumped $8 and ended trading 121,984 shares at a record close of $130,
PanJam Investment gained $1 and closed at $55 trading 7,285 stock units, Sagicor Real Estate Fund fell 52 cents and settled at $11.23, trading 124,980 shares. Scotia Group rose $1.18 in trading 56,316 units at $56.20, Supreme Ventures added 35 cents and ended at $16.40, 11,824 shares changing hands.
Trading in the US dollar market closed with 24,665 units valued US$9,781 as , JMMB Group 6% preference share completed trading of 4,950 stock units at $1.06, and Sygnus Credit Investments ended trading of 19,715 shares at 12 US cents. The JSE USD Equities Index advanced by 1.94 points to close at 169.56.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 11 stocks ended with bids higher than their last selling prices and 1 closing with a lower offer.
7 straight days of record JSE close – Monday
Records continue to be broken with Jamaica Stock Exchange main market on Monday ending at another record close and the 7th in the past 7 days.
The market closed with the All Jamaica Composite Index advancing 3,393.54 points to end with a record close at 372,852.97 and the JSE Index climbing 3,091.90 points to end at a record close of 339,711.21. Monday’s close brings to 31, the number record close for the year 19 since the start of July.
Market activities resulted in 29 securities trading, including 1 in the US dollar market compared to 31 securities trading on Friday. At the end of trading, the prices of 11 stocks rose, 10 declined and 8 closed trading, unchanged. Trading in the main market ended with 3,321,926 units valued at $66,161,713, compared to 1,557,605 units valued $98,845,806, on Friday.
The day’s volume was led by, Carreras with 634,224 units and 19 percent of main market volume, followed by Scotia Group closed with 464,889 units and just 14 percent of the day’s volume and JMMB Group 7% preference share with 336,703 units, accounting for 10 percent of the volume traded.
Trading resulted in an average of 118,640 units valued at over $2,362,918, in contrast to 412,772 shares valued at $3,530,207 on Friday. The average volume and value for the month to date amounts to 709,910 shares at $ $6,787,180, compared to 709,910 shares at $ $6,787,180 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Caribbean Cement gained $1 to finish at $49 trading 53,170 shares, Grace Kennedy shed 50 cents and ended at $58.50, trading 37,098 shares, Jamaica Broilers fell 98 cents in trading 45,014 stock units at $27.02, Jamaica Producers jumped $1.50 to complete trading of 62,687 units at a record high of $21.50, JMMB Group jumped $2 to end at $31, trading 12,560 shares.
NCB Financial Group jumped $5 and ended trading of 78,818 shares at record close of $120, Scotia Group dropped $3 to $56.50, in exchanging 464,889 units, Stanley Motta rose 30 cents and ended trading 9,638 stock units to close of $4.90, Sygnus Credit Investments gained 25 cents to close of $12.75, after trading 16,382 shares were traded, Victoria Mutual Investments lost 45 cents and concluded trading of 300,891 stock units at a new low of $3.07 and Wisynco Group fell 25 cents, finishing at $9 with 152,027 units changing hands.
Trading in the US dollar market closed with 1,500 units valued US$165 as Sygnus Credit Investments was the sole US dollar based stock trading and closed at 11 US cents. The JSE USD Equities Index closed unchanged at 170.32.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and none closing with a lower offer.
3 new additions to IC TOP 10 stocks
Main Event is back in TOP 10.
The main market of the Jamaica Stock Exchange, racked up 6 consecutive days of record close on Friday, while the Junior market closed the week just 63 points short of the record close in 2017.
The gains in the two markets is driving the PE ratio of the market higher with the overall PE for the Junior Market rising from to 13 and the main market from 13.7 last week to 13.7 and 14 respectively, this week. Recent movement in the PE suggest that average PE for the market will end 2018 around 18 and 20 by the end of January as conditions continue to favour stocks as the preferred investment of choice along with real estate.
The Top 10 has three changes at the end of the week as movement in prices was 
the sole factor influencing the change. 
Caribbean Producers and Main Event dropped sharply in price on Friday and reentered the top list. While Caribbean Producers declined due partially to lower full year’s profit than was expected butt should recover as improved results for the 2019 fiscal year should be enhance with efficiency improvements, the sharp decline in the price from $7 to $5.20 of Main Event on modest volume of less than 7,000 shares is unclear, except for a bid gap between where some demand was and the offers. Access Financial and Fosrich Group dropped out of the Junior Market TOP 10 after rising in price and Sygnus Credit Investments having risen by 50 cents to $12.50 regained enough ground to be pushed out of the top list and allowed Berger Paints to return to the list.
The PE ratio for Junior Market Top 10 stocks average 8.7 up from 8.5 last week, as the market continues to revalue the multiple higher. 
The latest valuation compares to an average PE for the overall market of 13.7, based on 2018 estimated earnings. The main market PE is now 8.5 and is the same level as last week, for the top stocks, compared to a market average of 14.
The TOP 10 stocks now trade at an average discount of 36 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 39 percent to the market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based on projected earnings for each company’s current fiscal year.
Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, 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 based on new information received that can result in changes in and out of the list as well.
Friday’s record JSE close marks 18 since July
The Jamaica Stock Exchange All Jamaica Composite Index on sharp rise since July & heading for 400,000 points initially.
The Jamaica Stock Exchange main market closed the week with all five days ending at record closing levels, with the All Jamaica Composite Index hitting a record high of just over 375,307 points on Wednesday.
Friday’s close is the 6th straight consecutive record close and brings to 30, the number record close for the year. Since the start of July, there are 18 record closing days for the main market as a strong bullish period takes hold, with the lowest interest rates in Jamaica’s recorded history. The continued record move by the market, is a strong indication that business and consumer confidence levels are at record high levels currently.
The market closed with the All Jamaica Composite Index advancing 1,396.32 points to end with a record close at 369,459.43 and the JSE Index climbing 1,272.20 points to end at a record close of 336,619.31.
Market activities resulted in 31 securities trading, including 3 in the US dollar market compared to 34 securities trading on Thursday. At the end of trading, the prices of 10 stocks rose, 7 declined and 12 closed trading, unchanged. Trading in the main market ended with 1,557,605 units valued $98,845,806, compared to 11,417,998 units valued $164,582,968, on Thursday.The day’s volume was led by, 138 Student Living with 8,345,833 units and 72.21 percent of main market volume, followed by Sagicor Real Estate Fund with 1,197,863 shares, accounting for 10.36 percent of the volume traded, Scotia Group closed with 559,697 units and just 4.8 percent of the day’s volume.
Trading resulted in an average of 412,772 units valued at over $3,530,207, in contrast to 422,889 shares valued at $6,095,665 on Thursday. The average volume and value for the month to date amounts to 709,910 shares at $ $6,787,180, compared to 886,497 shares at $5,831,552 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Grace Kennedy gained 50 cents and ended at $59, trading 71,700 shares, JMMB Group dropped $2 to end at $29 trading just 2,700 shares, Kingston Wharves jumped $4 and finished at a record high of $68.50, while exchanging a mere 315 stock units. NCB Financial Group ended trading 44,597 shares at $115 after rising $1, Proven Investments added 40 cents trading 1,425 stock units at $26.40.
Sagicor Real Estate Fund rose 40 cents to settle at $11.45, trading 1,197,863 shares, Scotia Group jumped $4.50 to $59.50, in exchanging 559,697 units, Seprod rose $1.50 and ended trading 400 stock units to close of $45 and Supreme Ventures gained $1 to a record close of $16.50, after trading 75,153 shares.Trading in the US dollar market closed with 2,250 units valued US$398. Trading ended withJMMB Group 6 % preference share completed trading at $1.06 with an exchange of 20,374 stock units, Proven Investments exchanging 2,400 shares to close at 23 US cents and Sygnus Credit Investments trading 123,819 shares at 11 US cents. The JSE USD Equities Index closed unchanged at 170.32.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 1 closing with a lower offer.