JSE majors pulls back – Thursday

February 28, 2019 by

Carib Cement traded at a record high of $60.

Trading on the main market of the Jamaica Stock Exchange ended on Thursday with JSE All Jamaican Composite Index climbed 1,972.46 points to 424,864.03 and the JSE Index advanced by 1,792.39 points to 387,078.63.
At the close market activity, the main and US markets traded 38 securities, compared to 35 securities trading on Wednesday as 17 advanced, 9 declined and 12 traded without changes in prices. Caribbean Cement traded at an at a 52 weeks’ high of $60 before retreating to close at $54, Eppley 7.5% preference share traded a at a 52 weeks’ high of $6.13 and the Jamaica Stock Exchange traded at a record high of $18.
Main market activity ended with 6,800,119 units valued at $107,742,633 compared to 2,447,527 units valued $48,782,718, changing hands, on Wednesday.
Ciboney led trading with 2,217,789 shares for 32.6 percent of the day’s volume, JMMB Group 7.25% Preference share was next with 1,001,753 units, accounting for 14.7 percent of the total main market volume changing hands and Wisynco Group ended with 948,463 shares, for 14 percent of the day’s volume.
Market activity ended with an average 206,064 units, valued at $3,264,928 for each securities traded, compared with an average of 78,952 units valued at $1,573,636, on Wednesday. The average volume and value for the month to date, amounts to 281,016 shares with a value of $11,715,160 and previously, 285,064 shares with a value of $12,195,949. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 8 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Berger Paints rose 48 cents and ended at $20, with 6,734 stock units, Jamaica Broilers finished trading 62,676 shares after climbing $1.40, to close at $34.40, Jamaica Producers lost 50 cents trading 21,935 units, to close at $23. Jamaica Stock Exchange climbed 50 cents and ended at a 52 weeks’ high of $18, with 22,755 shares changing hands, Kingston Wharves dropped $2 and settled at $75, with an exchange of 7,729 units, PanJam Investment  gained 45 cents to end at $79.45, trading 2,503 units. Sagicor Group shed $1.94 trading 83,879 shares to close at $40.05, Salada Foods  shed $2.50 trading 25,900 units to close at $31.50, Scotia Group  gained 90 cents trading 8,275 stock units at $53.40 and Sygnus Credit Investments rose 28 cents trading 182,345 shares to close at $14.
Trading in the US dollar market resulted in 141,624 units valued at over $91,276 changing hands. JMMB Group 5.75% preference share closed at $2 trading 2,600 shares, JMMB Group 6% USD preference share traded 13,000 units at US$1.04, Proven Investments rose 0.98 cent in trading 25,455 units, to close at 21.98 US cents and Sygnus Credit Investments exchanged of 40,800 shares at 11 US cents after falling 1 cent. The JSE USD Equities Index rose 0.86 points to close at 173.96.

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JSE majors drop on Wednesday

February 27, 2019 by

Trading on the main market of the Jamaica Stock Exchange ended on Wednesday with JSE All Jamaican Composite Index dropping 2,172.55 points to close at 422,891.57 and the JSE Index falling 1,974.21 points to 385,286.24.
At the close market activity, the main and US markets traded 35 securities, compared to 32 securities trading on Tuesday as 10 advanced, 13 declined and 12 traded without changes in prices. Main market activity ended with 2,447,527 units valued $48,782,718 compared to 8,311,096 units valued $195,683,562, changing hands, on Tuesday.
Carreras led trading with 415,956 shares for 17 percent of the day’s volume, Sagicor Real Estate Fund was next with 380,573 units, accounting for 15.6 percent of the total main market volume changing hands and Sterling Investments ended with 281,925 shares, for 11.5 percent of the day’s volume.
Market activity ended with an average of 78,952 units valued at $1,573,636 each, in contrast to an average of 286,590 units valued at $6,747,709 on Tuesday. The average volume and value for the month to date, amounts to 285,064 shares with a value of $12,195,949 and previously, 296,080 shares with a value of $12,795,751. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded. IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 8 stocks ending with bids higher than their last selling prices and 3 stocks closed with lower offers.
In main market activity, Caribbean Cement jumped $4 after exchanging 127,778 shares, to end at $54, Eppley fell $2 and ended at $11 trading 5,900 shares, Grace Kennedy rose $1.43 in trading  66,910 stock units to close at $59.95, Jamaica Producers  rose 40 cents and finished trading 97,583 units, at $23.50.  Kingston Wharves lost 50 cents and settled at $77, with an exchange of 1,171 units, Sagicor Group climbed $1.99 trading 76,700 shares to close at $41.99, Salada Foods  shed $2 in trading 1,095 units to close at $34, Scotia Group  fell 50 cents trading 44,406 stock units at $52.50 and Seprod climbed $2.40 trading 27,410 shares to close at $44.40.
Trading in the US dollar market resulted in 141,624 units valued at over $91,276 changing hands. JMMB Group 5.75% preference share closed at $2 trading 2,600 shares, JMMB Group 6% USD preference share traded 13,000 units at US$1.04, Proven Investments rose 0.98 cent in trading 25,455 units, to close at 21.98 US cents and Sygnus Credit Investments exchanged of 40,800 shares at 11 US cents after falling 1 cent. The JSE USD Equities Index rose 0.86 points to close at 173.96.

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Modest gains for JSE majors – Tuesday

February 26, 2019 by

Trading on the main market of the Jamaica Stock Exchange ended on Tuesday with JSE All Jamaican Composite Index rising 282.49 points to 425,064.12 and the JSE Index advancing 256.70 points to 387,260.45.
At the close market activity, the main and US markets traded 32 securities, compared to 31 securities trading on Monday as 11 advanced, 13 declined and 8 traded without changes in prices. Main market activity ended with 8,311,096 units valued $195,683,562 compared to 3,016,645 units valued $84,766,098, changing hands, on Monday.
Wisynco Group led trading with 1,990,579 shares for 24 percent of the day’s volume, Carreras was next with 1,182,543 units, accounting for 14 percent of the total main market volume changing hands and Seprod ended with 738,968 shares, for 9 percent of the day’s volume.
Market activity ended with 286,590 units valued at over $6,747,709, in contrast to 104,022 shares valued at $2,922,969 on Monday. The average volume and value for the month to date, amounts to 296,080 shares with a value of $12,795,751 and previously, 296,580 shares with a value of $13,133,046. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 9 stocks ending with bids higher than their last selling prices and 4 stocks closed with lower offers.
In main market activity, Barita Investments gained 50 cents to close at $50, in trading 218,453 shares,  changing hands, Caribbean Cement dropped $1.40 after exchanging 333,970 shares, to end at $50, Grace Kennedy rose 52 cents in trading 14,383 stock units to close at $58.52, Jamaica Broilers fell $1.25 and finished trading of 397,700 units, at $33. Jamaica Stock Exchange rose 35 cents to end at $17.50, with the trading of 62,384 shares, Kingston Properties rose 48 cents and settled at $6, with an exchange of 90,092 units, Mayberry Investments lost 80 cents trading 296,539 shares to close at $9.20. PanJam Investment rose $2 in trading just 544 units, to close at $79, Portland JSX lost 50 cents to close at $7.50 in trading 56,500 shares. Salada Foods shed $2.25 in trading 47,618 units to close at $36, Scotia Group climbed $1.45 trading of 57,292 stock units at $53 and Seprod shed $3.80 trading 738,968 shares at $42.
Trading in the US dollar market resulted in 357,609 units valued at over $132,253 changing hands. JMMB Group 6% USD preference share traded 72,000 units at US$1.04, Proven Investments trading 256,409 units, to close at 21 US cents and Sygnus Credit Investments exchanged of 29,200 shares at 12 US cents. The JSE USD Equities Index lost 0.69 points to close at 173.10.

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JSE majors gain on Monday

February 25, 2019 by

Trading on the main market of the Jamaica Stock Exchange ended on Monday with JSE All Jamaican Composite Index increased by 1,099.55 points to 424,781.63 and the JSE Index advanced by 999.17 points to 387,003.75.
At the close market activity, the main and US markets traded 31 securities, compared to 30 securities trading on Friday as 11 advanced, 12 declined and 8 traded without changes in prices. Main market activity ended with 3,016,645 units valued $84,766,098 compared to 2,838,523 units valued at $72,200,499, changing hands, on Friday.
JMMB GROUP 7.25% CR Preference Shareled trading with 998,000 shares for 33 percent of the day’s volume, Scotia Group was nextwith 375,825 units, accounting for 12.5 percent of the total main market volume changing hands and Jamaica Broilers ended with 336,582 shares, for 11 percent of the day’s volume.
Market activity ended with 104,022 units valued at an average of $2,922,969 for each security traded, in contrast to 101,376 units for an average of $2,578,589 on Friday.
The average volume and value for the month to date, amounts to 296,580 shares with a value of $13,133,046 and previously, 307,278 shares with a value of $13,736,085. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer
indicator ended with the reading showing 8 stocks ending with bids higher than their last selling prices and 3 stocks closed with lower offers.
In main market activity, Berger Paints fell 49 cents and ended at $19.51, with 2,100 stock units changing hands, Caribbean Cement jumped
$5.40 after exchanging 112,829 shares, to end at $51.40.  Grace Kennedy lost 40 cents traded 107,235 stock units to close at $58, Jamaica
Broilers fell $1.26 and finished trading of 336,582 units, at $34.25.  Jamaica Stock Exchange lost 35 cents to end at $17.15, with the trading of 26,501 shares, Kingston Wharves rose 50 cents and settled at $77.50, with an exchange of 27,002 units, Mayberry Investments  climbed 90 cents trading 11,560 shares to close at $10.  Mayberry Equities fell 31 cents trading 30,000 shares to close at $8.90, NCB Financial gained 79 cents to close at $144.80, with an exchange of 88,609 shares, Proven Investments rose 50 cents in trading 900 units, to close at$28, Sagicor Group  dropped $1.95 to settle at $40.05, with 212,986 shares changing hands. Salada Foods  climbed $2.25 in trading 27,683 units to close at $38.25,  Scotia Group lost $2.35 trading of 375,825 stock units at $51.55 and Seprod shed $1.19 trading 33,667 shares at $45.80. Trading in the US dollar market resulted in 13,173 units valued at $9,015 changing hands. JMMB Group 6% USD preference share traded 7,517 units at US$1.04  and Proven Investments lost 0.05 cent in trading 5,656 units, to close at 21 US cents. The JSE USD Equities Index lost 0.04 points to close at 173.79.

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JSE majors falter on Friday

February 22, 2019 by

Trading on the main market of the Jamaica Stock Exchange ended on Friday with JSE All Jamaican Composite Index dropping 1,899.50 points to 423,682.08 and the JSE Index falling 1,726.09 points to 386,004.58.
At the close market activity, the main and US markets traded 30 securities, compared to 36 securities trading on Thursday as 11 advanced, 12 declined and 7 traded without changes in prices.
Main market activity ended with 2,838,523 units valued at $72,200,499 compared to 10,610,997 units valued at $1,075,805,493, changing hands, on Thursday.
Victoria Mutual Investments led trading with 557,353 shares for 19.6 percent of the day’s volume, Radio Jamaica was next with 471,723 units, accounting for 16.6 percent of the total main market volume changing hands and Scotia Group ended with 222,559 shares, for 8 percent of the day’s volume.
Market activity ended with 101,376 units valued at over $2,578,589, in contrast to 321,545 shares valued at $32,600,166 on Thursday. The average volume and value for the month to date, amounts to 307,278 shares with a value of $13,736,085 and previously, 318,948 shares with a value of $14,410,836. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 11 stocks ending with bids higher than their last selling prices and 5 stocks closed with lower offers.
In main market activity, Barita Investments climbed $1 and closed at $49.50, with 201,000 shares changing hands, Caribbean Cement dropped $5.50 after exchanging 33,024 shares, to end at $46.  Jamaica Broilers rose $1.71 and finished trading of 4,478 units, at $35.51. JMMB Group gained 50 cents trading of 36,897 shares, to close at $33, NCB Financial fell 78 cents to close at $144.01, with an exchange of 176,620 shares, Sagicor Group dropped $1.95 to settle at $40.05, with 212,986 shares changing hands. Scotia Group gained 45 cents and ended trading of 222,559 stock units at $53.90, Seprod added $1.99 trading 32,368 shares at $46.99 and Sygnus Credit Investments gained 22 cents with 51,793 units trading, to end at $13.72.
Trading in the US dollar market resulted in 34,410 units valued at over $7,260 changing hands. Proven Investments rose 1 cent in trading 34,110 units, to close at 21.5 US cents and Sygnus Credit Investments traded 300 units and rose 1 cent to end at 12 US cents. The JSE USD Equities Index advanced 4.87 points to close at 173.83.

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More gains for JSE majors – Thursday

February 21, 2019 by

The main market of the Jamaica Stock Exchange made further gains at the end on Thursday with JSE All Jamaican Composite Index increasing by 791.14 points to 425,581.58 and the JSE Index advancing by 718.92 points to 387,730.67.
At the close market activity, the main and US markets traded 36 securities, compared to 33 securities trading on Wednesday as 17 advanced, 6 declined and 13 traded without changes in prices.
Main market activity ended with 10,610,997 units valued at $1,075,805,493 compared to 6,849,263 units valued $129,072,474, changing hands, on Wednesday.
NCB Financial Group led trading with 7,060,926 shares for 66.5 percent of the day’s volume, JMMB Group 7.25% preference share was next with 950,000 units, accounting for 9 percent of the total main market volume changing hands and Wisynco Group ended with 549,686 shares for 5 percent of the day’s volume.
An average of 321,545 units valued $32,600,166 compared with 228,309 units valued at an average of $4,302,416 for each security traded, on Wednesday. The average volume and value for the month to date, amounts to 318,948 shares with a value of $14,410,836 and previously, 318,762 shares with a value of $13,014,911. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, 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 3 stocks closed with lower offers.
In main market activity, Caribbean Cement rose 50 cents after exchanging 146,631 shares, to end at $51.50, Grace Kennedy lost $1.49 trading 40,883 stock units to end at $58.50, JMMB Group gained $1 trading of 81,877 shares, to close at $32.50, Kingston Wharves gained $1.20 to close at $77, with 2,079 units changing hands. NCB Financial added 29 cents to close at $144.79, with an exchange of 7,060,926 shares, PanJam Investment rose 89 cents to end at $76.99 in exchanging 880 shares, Sagicor Group rose $2 to settle at $42, with 133,288 shares changing hands, Salada Foods rose $1 trading 600 stock units to close at $36. Scotia Group lost 48 cents and ended trading of 14,123 stock units at $53.45, Seprod fell $2 trading 323,011 shares at $45, Sygnus Credit Investments gained 50 cents with 112,100 units trading to end at $13.50 and Wisynco Group  rose 30 cents and settled at $11.85, with 549,686 shares changing hands.
Trading in the US dollar market resulted in 135,456 units valued at over $24,597 changing hands.  Margaritaville  completed trading 4,150 shares at 24 US cents, Proven Investments lost 1.5 cents in trading 100,406 units, to close at 20.5 US cents and Sterling Investments traded 10,000 units at 0.0385 US cents. The JSE USD Equities Index advanced 0.16 points to close at 168.96.

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Carib Cement jumps $8 to $51 – Wednesday

February 20, 2019 by

Caribbean Cement an IC Insider.com TOP 10 BUY RATED stock jumped a sharp $7.99 to close at $51 in response to the company reporting a big 122 percent jump in profit for 2018 over 2017.
Profit after tax moved from $1.11 billion in 2017 to $2.47 billion from an increase in revenues of just 6.4 percent, to $17.57 billion.
The main market of the Jamaica Stock Exchange ended with JSE All Jamaican Composite Index climbing 3,366.43 points to 424,790.44 and the JSE Index advancing 3,059.10 points to close at 387,011.75.
At the close market activity, the main and US markets traded 33 securities, compared to 38 securities trading on Tuesday, 9 advanced, 13 declined and 11 traded with unchanged prices.
Main market activity ended with 6,849,263 units valued $129,072,474, compared to 15,805,801 units valued at $87,341,139 changing hands, on Tuesday.
An average of 228,309 units valued at an average of $4,302,416 for each security traded, in contrast to 451,594 units valued at an average of $2,495,461 on Tuesday. The average volume and value for the month to date, amounts to 318,762 shares with a value of $13,014,911 and previously, 325,058 shares with a value of $13,668,348. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
JMMB Group 7.25% preference share led trading with 1,863,840 shares for 27 percent of the day’s volume, JMMB Group ordinary share was next with 1,588,456 shares, accounting for 23 percent of the total main market volume changing hands and Wisynco Group ended with 548,081 shares, for 8 percent of the day’s volume.
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 3 stocks closed with lower offers.
In main market activity, Barita Investments gained 49 cents trading 71,190 shares, to close at $48.50, Berger Paints rose 50 cents to end at $20, with an exchange of 1,387 stock units, Caribbean Cement exchanged 347,372 shares, to end at $51 after jumping $7.99.  Grace Kennedy  traded 24,003 stock units and rose 99 cents to end at $59.99, Kingston Wharves dropped $1.20 to close at $75.80, with 6,198 units changing hands, NCB Financial  lost 45 cents to close at $144.50, with an exchange of 118,906 shares. PanJam Investment  fell 89 cents to end at $76.10, exchanging 16,747 shares, Scotia Group gained 93 cents and ended trading of 22,820 stock units, at $53.93 and Seprod rose $1 trading 174,703 shares at $47.
Trading in the US dollar market resulted in 2,032,362 units valued US$237,397 changing hands.  Proven Investments traded 54,975 units, with the price closing at 22 US cents, Sterling Investments traded 10,000 units at 0.0385 US cents and Sygnus Credit Investments ended with 18,300 units trading unchanged at 9 US cents. The JSE USD Equities Index lost 5.30 points to close at 168.80.

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Seprod jumps $7 to $46 – Tuesday

February 19, 2019 by

Seprod jumped $7.01 to close at $46.

Seprod an IC Insider.com Stock to Watch, for the week, jumped a sharp $7.01 to close at $46 after hitting $47 during the trading session, in trading 69,936 shares, in response to the company reporting a big jump in profit for 2018.
Profit after tax moved from $735 million in 2017 to $1.276 billion from an increase in revenues of 48 percent to $24.4 billion with profit rising over 2,000 percent to $304 million in the December quarter, from a doubling in revenues.
Trading on the main market of the Jamaica Stock Exchange ended as JSE All Jamaican Composite Index increased by 3,739.64 points to 421,424.01 and the JSE Index advanced 3,398.24 points to 383,952.65.
At the close market activity, the main and US markets traded 38 securities, compared to 34 securities trading on Monday, with 15 advanced, 13 declined and 10 traded with prices unchanged.
Main market activity ended with, 15,805,801 units valued at $87,341,139 compared to 4,631,898 units valued $132,673,939 changing hands, on Monday.
An average of 451,594 units valued at an average of $2,495,461 for each security traded. In contrast to 149,416 units for an average of $4,279,804 on Monday. The average volume and value for the month to date, amounts to 325,058 shares with a value of $13,668,348 and previously, 313,874 shares with a value of $14,739,721. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
JMMB Group 7.25% preference share led trading with 11,919,446 shares for 75.4 percent of the day’s volume, Pulse Investments was next with 901,239 shares, accounting for 5.7 percent of the total main market volume changing hands and Ciboney ended with 607,166 shares, for 3.8 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 4 stocks ending with bids higher than their last selling prices and 3 stocks closed with lower offers.
In main market activity, Barita Investments declined by $1.49 trading 99,034 shares, to close at $48.01, Berger Paints fell 50 cents to end at $19.50, with an exchange of 4,506 stock units, Caribbean Cement exchanged 24,981 shares but fell 49 cents, to end at $43.01, Grace Kennedy traded 20,001 stock units with a fall of $1.99 to end at $59. Jamaica Stock Exchange rose 35 cents to close at $17.50, with 134,109 shares trading. JMMB Group lost 25 cents trading of 82,352 shares at $31.75, Kingston Wharves jumped $1.90 to close at $77, with 1,112 units changing hands, Pulse Investments lost 25 cents to close at $2.90, with an exchange of 901,239 shares. Radio Jamaica rose 24 cents and settled at $1.24, with 366,704 shares, Sagicor Group climbed $1.50 and ended trading of 48,877 stock units at $40, Salada Foods jumped 57 cents trading 8,199 shares at $35, Stanley Motta rose 80 cents to end at $5, with an exchange of 5,850 shares. Sygnus Credit Investments gained 70 cents to end at $13 with an exchange of 24,206 shares and another Stock to Watch, Wisynco Group  gained 80 cents and ended trading of 194,598 shares at $11.80.
Trading in the US dollar market resulted in 83,275 units valued at US$14,233 units changing hands.  Proven Investments gained 1 cent in trading 54,975 units, with the price closing at 22 US cents, Sterling Investments traded 10,000 units at 0.0385 US cents and Sygnus Credit Investments ended with 18,300 units trading unchanged at 9 US cents. The JSE USD Equities Index advanced by 3.01 points to close at 174.10.

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JSE majors eke out more gain – Monday

February 18, 2019 by

Trading on the main market of the Jamaica Stock Exchange ended on Monday with JSE All Jamaican Composite Index increasing 271.71 points to 417,684.37 and the JSE Index advancing by 247.29 points to 380,554.41.
At the close market activity, the main and US markets traded 34 securities, compared to 39 securities trading on Friday, with 11 advanced, 11 declined and 12 traded firm.
Main market activity ended with, 4,631,898 units valued $132,673,939 changing hands, compared to 3,327,691 units valued at over $215,403,267 on Friday.
JMMB Group 7.50% preference share led trading with 1.5 million shares for 32 percent of the day’s volume, Grace Kennedy was next with 800,533 shares, accounting for 17 percent of the total main market volume changing hands and PANJAM Investment ended with 513,612 shares, for 11 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 9 stocks ending with bids higher than their last selling prices. There was no stock closing with a lower offer.
An average of 149,416 units valued $4,279,804, in contrast to 97,873 units valued at $6,335,390 on Friday. The average volume and value for the month to date, amounts to 313,874 shares with a value of $14,739,721 and previously, 327,842 shares with a value of $15,710,552. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
In main market activity, Caribbean Cement exchanged just 250 shares but rose 50 cents, to end at $43.50, Grace Kennedy traded 800,533 stock units with a gain of $2.49 to end at $60.99, Jamaica Producers rose 50 to close at $23, with 12,986 shares trading, Jamaica Stock Exchange fell 35 cents to close at $17.15, with 326,652 shares trading. JMMB Group rose 30 cents trading of 20,416 shares at $32, Kingston Wharves lost 90 cents to close at $75.10, with 5,100 units changing hands, Mayberry Investments added $1 and ended trading of 22,800 shares, at $9.05, Pulse Investments rose 35 cents to finish at $3.15, with an exchange of 7,396 shares. Salada Foods jumped $1.43 trading 750 shares at $34.43, Stanley Motta shed 47 cents to end at $4.20, with an exchange of 10,000 shares and Sygnus Credit Investments gained 80 cents to end at $12.30 with an exchange of 13,844 shares.
Trading in the US dollar market resulted in 45,740 units valued at $5,803 changing hands.  JMMB Group 6% preference share concluded trading of 1,300 units at $1.04, Margaritaville  traded 1,000 shares at 24 US cents, Proven Investments fell 0.99 cent in trading 10,440 units, with the price closing at 21 US cents and Sygnus Credit Investments ended with 34,300 units trading at 9 US cents after falling 2 cents. The JSE USD Equities Index lost 4.29 points to close at 171.09.

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JSE main market gaining momentum

February 15, 2019 by

JSE main market moving higher with strong support from resistance level (Red Line) going back to 2016

Trading on the main market of the Jamaica Stock Exchange ended on Friday with JSE All Jamaican Composite Index jumping 2,500.28 points to 417,412.66 and the JSE Index climbing by 2,275.58 points to 380,307.12.
At the close market activity, the main and US markets traded 39 securities, compared to 32 securities trading on Wednesday, with 18 advanced, 13 declined and 8 traded firm.
Main market activity ended with, 3,327,691 units valued at $215,403,267 changing hands, compared to 20,917,776 units valued at $2,473,285,188 on Thursday.
Eppley, Jamaica Stock Exchange and 138 Student Living preference share closed trading at 52 weeks highs but PanJam Investment traded at a 52 weeks’ intraday high of $82 but fell back by the close.
NCB Financial Group led trading for the second consecutive day with 1,062,496 shares for 32 percent of the day’s volume, Radio Jamaica was next with 672,252 shares, accounting for 20 percent of the total main market volume changing hands and Jamaica Broilers ended with 336,124 shares, for 10 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 9 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
An average of 97,873 units valued at $6,335,390, in contrast to 674,767 shares valued at $79,783,393 on Thursday. The average volume and value for the month to date, amounts to 351,464 shares with a value of $16,773,070 and previously, 318,056 shares with a value of $9,511,657. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
In main market activity, Barita Investments lost $1.10 in closing at $49.50 in trading 167,000 shares, Berger Paints fell 50 cents to end at $20, with 18,072 stock units trading, Caribbean Cement exchanged 40,126 shares with a loss of 50 cents, to end at $43. Eppley climbed $3.90 and ended trading of 1,000 shares, at a 52 weeks’ high of $13, Grace Kennedy traded 6,862 stock units with a gain of 50 cents to end at $58.50, Jamaica Producers rose 50 to close at $22.50, with 7,370 shares trading, Jamaica Stock Exchange ended at a 52 weeks’ closing high of $17.50, with 83,338 shares trading. JMMB Group lost $1.30 in trading of 19,904 shares at $31.70, Kingston Wharves rose $1 to close at $76, with 1,589 units changing hands, Mayberry Investments lost 85 cents and ended trading of 6,119 shares, at $8.05, 138 Student Living lost 30 cents trading 25,200 shares at $5.50. PanJam Investment fell 50 cents trading 19,320 units to close at $79.50 after hitting earlier a 52 weeks high of $82, Sagicor Group gained $1 and ended trading 53,548 stock units at $38.50, Salada Foods rose 50 cents trading 5,200 shares at $33. Scotia Group rose $1.99 trading 5,498 shares at $53.99, Stanley Motta shed 33 cents to end at $4.67, with an exchange of 2,000 shares, Sygnus Credit Investments dipped 50 cents to end at $11.50 with an exchange of 88,000 shares and Wisynco Group gained 35 cents and concluded trading of 43,108 shares at $11.
Trading in the US dollar market resulted in 152,096 units valued at US$31,930 changing hands.  JMMB Group 6% preference share concluded trading of 1,300 units at $1.04, Margaritaville traded 3,895 shares at 24 US cents, Proven Investments traded 129,301 units, with the price closing at 21.99 US cents, Sterling Investments trading 10,000 units to close at 4 us cents and Sygnus Credit Investments ended with 7,600 units trading at 11 US cents after falling 1 cent. The JSE USD Equities Index rose 0.33 points to close at 175.38.

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