JSE majors 300 points from record

July 6, 2018 by

Jamaica Stock Exchange main market continues its slow upward climb as it eyes new highs ahead.

At the close of the trading on Friday, the All Jamaican Composite Index sits just 300 points and the JSE Index just 276 points from the record high reach on June 13, after rising over 1,200 points on Friday.
The All Jamaican Composite Index climbs 1,332.76 points to close at 336,390.30 while the JSE Index advanced by 1,214.30 points to close at 306,489.55.
Trading activity on the Jamaica Stock Exchange on Friday remained low, with an exchange of just 2,029,215 units valued at $42,587,552 compared to 4,036,088 units valued at $49,293,055 on Thursday.
Activities in the main and US dollar markets resulted in 25 securities trading including 3 from the US dollar market, compared to 27 securities trading on Thursday. At the close, the prices of 11 stocks advanced, 6 declined and 8 closed unchanged.
Thursday’s volume was led by Mayberry Investments that settled at $6.52, with 501,000 units trading, Scotia Group traded at $50.12, with 447,178 units and Sygnus Credit Investments traded 378,850 shares at $13.71.
Stocks with major price changes are, Berger Paints that rose 71 cents to $22, Grace Kennedy climbing $1.39 to $53. Jamaica Broilers lost 50 cents to end at $23, JMMB Group declined 40 cents to $29.50, Kingston Wharves lost 70 cents to end at $46.55 and Supreme ventures lost 40 cents in closing at $14.10.
In the US dollar market, 22,095 units valued at $2,546 as with Margaritaville traded 500 shares at 18 US cents, Proven Investments closed at 18 US cents with just 245 units changing hands and Sygnus Credit Investments ended trading 21,350 shares after rising 0.7 cent to 12 US cents. The JSE USD Equities Index inched 0.05 points up to 153.20.
Trading resulted in an average of 92,237 units valued at an average of $1,935,798 for each security traded. In contrast to 161,444 units for an average of $1,971,722 on Thursday. The average volume and value for the month to date amounts 167,222 units valued at $2,763,542 compared to 183,396 units valued at $2,264,736, on Thursday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 4 closing with lower offers.

Filed Under: Company News Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

JSE main market falters on low volume

July 5, 2018 by

Grace Kennedy traded at an intra-day high of $56 on Thursday.

Trading activity on the Jamaica Stock Exchange on Thursday remained low, with an exchange of 4,036,088 units valued at $49,293,055 versus 3,503,975 units valued at $50,822,952 on Wednesday.
Trading levels fell below that of the Junior Market, a rare occurrence as two companies in that market dominated trading. Activities in the main and US dollar markets resulted in 27 securities trading including 2 from the US dollar market compared to 28 securities trading on Wednesday. At the close, the prices of 13 stocks advanced, 9 declined and 5 closed unchanged.
At the close of the market, the All Jamaican Composite Index fell 169.56 points to close at 335,057.54 while the JSE Index declined by 154.49 points to 305,275.25.
Wednesday’s volume was led by Ciboney with 1,075,072 units at 10 cents, accounting for 26.6 percent of the day’s volume, followed by Jamaica Broilers traded 798,007 stock units at $23.50, Mayberry Investments settled at $6.50, with 613,468 units and Pulse Investments jumping $1 to $3, with 460,835 shares.
Stocks with major price changes are, Caribbean Cement that dropped $2.57 to $42.43, Jamaica Broilers gaining 50 cents to end at $23.50, JMMB Group gaining 90 cents to $29.90, Kingston Wharves rising 85 cents to end at $47.25, NCB Financial dropping $2.50 to $95, Sagicor Group losing 75 cents to close at $38.25. Scotia Group fell 40 cents to close at $50.10, Seprod jumped $2.25 to $35.50, Supreme ventures lost 50 cents in closing at $14.50 and Productive Business Solution rose $2 to $105. Grace Kennedy traded at an intraday high of $56 but last traded at $51.61.
In the US dollar market, 8,800 units traded valued at $1,520 as Sterling Investments ended trading 800 shares at after rising 0.8 cent to 10 US cents and Proven Investments lost 0.5 cent to 18 US cents with 8,000 units changing hands. The JSE USD Equities Index declined 2.86 points to 153.15.
Trading resulted in an average of 161,444 units valued at an average of $1,971,722 for each security traded. In contrast to 134,768 units for an average of $1,954,729 on Wednesday. The average volume and value for the month to date amounts 183,396 units valued at $2,264,736 compared to 190,523 units at a cost of $2,359,871, on Wednesday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.

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

JSE main market climbs on low volume

July 4, 2018 by

Caribbean Cement ended at a new closing high of $45 on Wednesday.

The volume traded on the Jamaica Stock Exchange declined on Wednesday to 3,503,975 units valued at $50,822,952 compared to 8,102,862 units valued $101,385,351 on Tuesday.
Market activities in the main and US dollar markets resulted in 28 securities trading including just 1 from the US dollar market. At the close, the prices of 14 stocks advanced, 8 declined and 6 closed unchanged, compared to 27 securities trading on Tuesday.
At the close of the market, the All Jamaican Composite Index rose 1,170.17 points to 335,227.10 while the JSE Index advanced by 1,066.16 points to close at 305,429.74.
Tuesday’s volume was led by Ciboney with 1,230,196 units accounting for 35 percent of the day’s volume, followed by JMMB Group 7.25% preference share with 850,000 units or 24 percent of the day’s volume and PanJam Investment with 326,719 units.
Stocks with major price changes are, Caribbean Cement rising $1.50 to an all-time closing high of $45, Jamaica Broilers lost the $1 it added on Tuesday to end at $23, Kingston Wharves gained 43 cents to end at $46.40, NCB Financial rallied 50 cents to $97.50, Sagicor Real Estate Fund rose $1.45 to close at $15.45, Scotia Group was up 40 cents to close at $50.50 and Seprod jumped $1.65 to $33.25.
In the US dollar market, 5,704 units traded valued at $921 as Proven Investments rose 1 cent to 18.50 with 3,704 units changing hands and Sygnus Credit trading 2,000 shares, with the price slipping 0.25 cent to end at 11.25 US cents. The JSE USD Equities Index rose 1.30 points to 156.01.
Trading resulted in an average of 134,768 units valued at an average of $1,954,729 for each security traded. In contrast to 311,649 units for an average of $3,899,437 on Tuesday. The average volume and value for the month to date amounts to 190,523 units at a cost of $2,359,871, compared to 218,947 units valued at $2,566,413 on Tuesday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 6 closing with lower offers.

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

JSE volume & prices rise – Tuesday

July 3, 2018 by

Caribbean Cement traded at a new high of $45 on Tuesday.

The volume traded on the Jamaica Stock Exchange declined sharply on Tuesday to 8,102,862 units valued $101,385,351 compared to 3,063,437 units valued at $29,501,732 on Monday.
Market activities in the main and US dollar markets resulted in 27 securities trading including just 1 from the US dollar market. At the close, the prices of 11 stocks advanced, 8 declined and 8 closed unchanged, compared to 30 securities trading on Monday.
At the close of the market, the All Jamaican Composite Index rose 408.61 points to close at 334,056.93 while the JSE Index gained 372.29 points to 304,363.58.
Tuesday’s volume was led by Supreme Ventures with 5,042,760 units accounting for 62 percent of the day’s volume, followed by Jamaica Broilers with 658,515 units representing 8 percent of the volume traded and JMMB Group 7.50% preference share with 633,457 units or 7.8 percent of the day’s volume.
Stocks with major price changes are, Caribbean Cement rising $2.50 to close at $43.50 but only after trading at an all-time high of $45, Carreras regained 45 cents and closed at $10, Jamaica Broilers rose $1 to end at $24, NCB Financial rallied $1.70 to $97, Pulse Investments dropped 50 cents to close at $2, Wisynco Group rose 58 cents and ended at $9.80 and JMMB Group 7.25% preference share rose 34 cents to close at an all-time high of $2.45.
In the US dollar market, 250,500 units traded valued at $29,060 with Sygnus Credit being the only stock trading in the segment, with the price slipping 0.05 cent to end at 11.5 US cents. The JSE USD Equities Index slipped 0.33 points to 154.71.
Trading resulted in an average of 311,649 units valued at $3,899,437 for each security traded, in contrast to 122,537 units valued at an average of $1,180,069 on Monday. The average volume and value for the month to date amounts to 218,947 units valued at $2,566,413. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.

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

JSE Trading climbs sharply – Monday

July 2, 2018 by

The volume traded on the Jamaica Stock Exchange declined sharply on Monday to 3,063,437 units valued at $29,501,732 compared to a much larger 16,726,086 shares valued at $358,993,001 on Friday.
Market activities in the main and US dollar markets resulted in 30 securities trading including 5 from the US dollar market. At the close, the price of just 6 stocks advanced, 13 declined and 11 closing unchanged, compared to 24 securities trading on Friday.
At the close on the Jamaica Stock Exchange on Monday, the All Jamaican Composite Index  dropped 1,910.31 points to 333,653.33 while the JSE Index dived 1,740.51 points to end at 303,995.85.
Monday’s volume was led by Wisynco Group with 1,365,496 units accounting for 44.57 percent of the day’s volume, followed by Pulse Investments with 545,254 units or 17.80 percent of total volume.
Stocks with major price changes are, Carreras fell 45 cents and closed at $9.55, Mayberry Investments rose 45 cents to $6.50, NCB Financial dropped $2.70 to $95.30, PanJam Investment dropped $4.12 to close at $53.45, Pulse Investments climbed 70 cents to $2.50, Scotia Group lost 90 cents to end at $50.10 and Wisynco Group lost 73 cents and ended at $9.22.
In the US dollar market, 144,201 units traded valued at $24,829 with JMMB 5.75% preference share closed at US$2.25 trading 6,866 shares and JMMB 6% preference share $1 completed trading at $1 with 3,800 stock units, Margaritaville lost 2 cents and finished trading 18 US cents with 1,000 shares, Proven Investments traded 77,535 units and fell 2.5 cents to 17.5 cents and Sygnus Credit traded 55,000 units and closed with the price rising 1 cent to end at 12 US cents. The JSE USD Equities Index closed with a rise of just 0.04 points to 155.04.
Trading resulted in an average of 122,537 units valued at an average of $1,180,069 for each security traded, in contrast to 727,221 units valued at an average of $15,608,391 on Friday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 6 closing with lower offers.

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

JSE Trading climbs sharply – Friday

June 29, 2018 by

Jamaica Broilers traded more half of Friday’s volume.

The volume traded on the Jamaica Stock Exchange rose sharply on Friday to 16,726,086 units valued at $358,993,001 from just 3,989,661 units valued at $65,937,392, Thursday.
The sharp increase in Friday’s volume was led by Jamaica Broilers Group with 8,778,922 units accounting for nearly 53.5 percent of the day’s volume followed by Radio Jamaica with 2,669,432 units and 15.96 percent of total volume and Carreras with 1,124,379 units and NCB Financial with 1,089,615 shares.
At the close on the Jamaica Stock Exchange on Thursday, the main market indices rose with All Jamaican Composite Index climbing 2,198.27 points at 335,563.64, while the JSE Index rose 2,002.87 points to 305,736.36. The market closed out the half year mark with an increase of just 6 percent. Palace Amusement led the stocks rising with an increase of 168% followed by Kingston Wharves with 40 percent, PanJam Investments up 29 percent with Jamaica Broilers and Caribbean Cement up 28 percent each.
Stocks with major price changes are, Caribbean Cement rose $1 to end at $41, Carreras rose 80 cents and closed at $10, Grace Kennedy rose 66 cents to $52.26, Jamaica Broilers lost 50 cents to end at $23, JMMB Group rose 60 cents to close at $29, NCB Financial jumped $1.50 to $98, Productive Business Solution preference share lost $2 in closing at $103 and Scotia Group rose 80 cents to end at $51.
Market activities in the main and US dollar markets resulted in 24 securities trading of which 12 advanced, 4 declined and 8 closing unchanged, compared to 27 securities trading on Thursday.
In the US dollar market, 156,168 units traded valued at $17,178 with Sygnus Credit being the sole stock trading in the segment with the price ending at 11 US cents. The JSE USD Equities Index closed unchanged at 155.
Trading resulted in an average of 727,221 shares valued at $15,608,391, compared to 166,236 units valued at an average of $2,747,391 for each security traded on Thursday. For the month to date, 250,168 units traded with an average value of $5,895,281 and on the previous day, 229,774 units traded with an average value of $5,182,608.  May closed with an average of 589,414 shares with a value of $16,532.367, 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 3 closing with lower offers.

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

5.5m Pulse shares trade – Wednesday

June 27, 2018 by

Kingsley Cooper Chairman of Pulse

Pulse Investments traded more than 5.4 million shares in trading on the Jamaica Stock Exchange on Wednesday out of a total of 12,393,354 units trading in the main and US dollar markets as the main market indices dived more than 2,690 points.
The volume of Pulse shares traded, is significant as it represents an unusually large amount that is out of line with normal trading levels for that company.
At the close on the Jamaica Stock Exchange on Wednesday, the All Jamaican Composite Index dropped 2,954.25 points at 331,380.70, while the JSE Index dived 2,691.66 points to 301,925.23.
Stocks with major price changes are, Grace Kennedy down 74 cents to $52.26, NCB Financial falling 84 cents to $98.06, PanJam Investment dropping $4.77 to $52.80, Scotia Group down $1.60 to end at $50.40, Seprod dropping $3.40 to $31.60, Supreme Ventures rising $1 to $15 and Sterling Investments up $1 to $11.50.
At the close of market activity, 12,367,754 units valued at $115,843,551 changed hands compared to 6,586,973 units valued at $111,180,207, on Tuesday.
The other companies with major volume traded were, Wisynco Group with 1,408,344 units, accounting for just over 11 percent of the volume traded, followed by Jamaica Producers with 1,268,622 units or just over 10 percent of the main market volume, JMMB Group 7.5% preference share exchanged 1,151,126 shares and Sygnus Credit was next with 691,887 units.
Market activities in the main and US dollar markets resulted in 25 securities trading of which 8 advanced, 11 declined and 5 closing unchanged, compared to 28 securities trading on Tuesday.
In the US dollar market, 25,600 units traded valued at $2,816 with Sygnus Credit being the sole stock trading to end at 11 US cents. The JSE USD Equities Index closed unchanged at 155.49.
Trading resulted in an average of 515,323 units valued at an average of $4,826,815 for each security traded, in contrast to 253,345 units valued at an average of $4,276,162 on Tuesday. For the month to date 232,741 units traded with an average value of $5,302,373 and on the previous day 218,900 units traded with an average value of $5,326,971 on average. May closed with an average of 589,414 shares with a value of $16,532.367, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and none closing with a lower offer.

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

PanJam jumps $5 to record high on Tuesday

June 26, 2018 by

Pan Jam office building in Kingston Jamaica.

PanJam Investment jumped $5.07 to a record high of $57.57, in trading on the Jamaica Stock Exchange on Tuesday, but the market indices dropped more than 1,000 points.
At the close on the Jamaica Stock Exchange on Tuesday, the All Jamaican Composite Index declined by 1,192.30 points to 334,334.95 while the JSE Index fell 1,086.32 points to 304,616.89.
Stocks with major price changes are, Carreras with a fall of $1 to $9, Grace Kennedy down $1 to $53, Portland JSX up 75 cents to $9.80, Salada Foods falling $2.50 to $10, Scotia Group rising 50 cents to end at $52, Supreme Ventures dropping $1.10 to $14 and Sygnus Credit rising 50 cents to $13.50.
At the close of market activity 6,586,973 units valued at $111,180,207 changed hands compared to 4,037,181 units valued at $55,669,184, on Monday.
Trading volume was dominated by Wisynco Group with 2,466,837 units, accounting for 37.45 percent of the volume traded, followed by Mayberry Investments with 835,956 units or just 12.69 percent of the main market volume and Carreras with 613,398 stock units or 9.3 percent.
Market activities in the main and US dollar markets resulted in 25 securities trading of which 7 advanced, 10 declined and 11 closing unchanged, compared to 30 securities trading on Monday.
In the US dollar market, 210,958 units traded valued at $38,935 with Margaritaville trading with 7,958 shares at 19.95 US cents compared to 20 US cents previously and Proven Investments traded 203,000 units at 20 US cents. The JSE USD Equities Index dropped 6.30 points to close at 155.49.
Trading resulted in an average of 253,345 units valued at an average of $4,276,162 for each security traded, in contrast to 168,216 units for an average of $2,319,549 on Monday. For the month to date 216,970 units traded with an average value of $5,389,348 and on the previous day 219,629 units traded with an average value of $5,567,307 on average. May closed with an average of 589,414 shares with a value of $16,532.367, 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 1 closing with a lower offer.

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

JSE makes gains on Monday

June 25, 2018 by

At the close on the Jamaica Stock Exchange on Monday, the All Jamaican Composite Index rose 867.41 points to 335,527.25 while the JSE Index gained 790.30 points to 305,703.21.
Stocks with major price changes are, Berger Paints with a fall of 90 cents to $21.10, Grace Kennedy rising by $1 to a record $54, JMMB Group rising $1.20 to $29, NCB Financial lost 90 cents to close at $99, Salada Foods fell $1.75 to $12.50, Scotia Group lost 50 cents to end at $51.50 and Supreme Ventures dropped 90 cents to $15.10 and Sygnus Credit fell 50 cents to $13.
At the close of market activity, 4,037,181 units valued at $55,669,184 compared to 19,346,217 units valued at $306,929,810 changed hands, on Friday.
Trading volume was dominated by JMMB Group 7.50% preference share with 1,618,000 units that accounted for 40.08 percent of the main market volume followed by Carreras with 677,448 stock units or 16.78 percent and Scotia Group with 363,434 shares.
Market activities in the main and US dollar markets resulted in 25 securities trading of which 7 advanced, 10 declined and 8 traded firm, compared to 30 securities trading on Friday.
In the US dollar market, 16,300 units valued at US$1,793 traded with Sygnus Credit Investments ended trading with 16,300 units at 11 US cents. The JSE USD Equities Index lost 0.84 points to close at 161.79.
Trading resulted in an average of 168,216 units valued at an average of $2,319,549 compared to 691,163 units valued at $10,961,779 on Friday. For the month to date 216,970 units traded with an average value of $5,389,348 and on the previous day 219,629 units traded with an average value of $5,567,307 on average. May closed with an average of 589,414 shares with a value of $16,532.367, 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 1 closing with a lower offer.

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

JSE up one day down another

June 19, 2018 by

 

Syngus Credit Jamaica stock dip below IPO price but teh US based rose.

The Jamaica Stock Exchange main market retreated on Tuesday after it gained on Monday following Friday’s losses as declining stocks had the upper hand over advancing ones.
At the close, the All Jamaican Composite Index fell 634.73 points to 333,735.28 while the JSE Index slipped 578.31 points to 304,070.53, as declining stocks dominated trading.
Market activities in the main and US dollar markets resulted in 32 securities trading of which 9 advanced, 11 declined and 12 traded firm, compared to 22 securities trading on Monday.
At the close of market activity 6,395,222 units valued at $50,487,361 traded compared to 3,061,341 units valued at over $40,934,808 changed hands, on Monday.
Trading volume was dominated by 1834 Investments with 2 million units followed by Ciboney with 1,589,845 units and Mayberry Investments with 1,084,672 units.
Stocks with major price changes are, JMMB Group rising 50 cents to $29, Sagicor Group climbing $1.10 to $39.10 and Supreme Ventures gaining $1.09 to close at $15, Sygnus Credit falling $2.30 to a low of $13.70 and Productive Business Solution Preference share rose $2 to $105.
Trading resulted in an average of 220,525 units valued at over $1,740,943, in contrast to 113,383 shares valued at $1,516,104 on Monday. For the month to date 195,519 units traded with an average value of $6,383,337 and on the previous day 203,633 units traded with an average value of $6,596,529 on average. May closed with an average of 589,414 shares with a value of $16,532.367, for each security traded.
In the US dollar market, 174,740 units valued at over $22,872 traded with Proven Investments ended trading with 6070 units at 20 US cents, Sugnus Credit Investments 167,670 shares and rose 1.5 cents to a new high of 12.5 US cents and JMMB Group 6% preference share advanced by 10 cents in trading 1,000 stock units at $1.10. The JSE USD Equities Index rose 1.32 points to close at 163.15.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 1 closing with a lower offer.

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