Sagicor Select Fund dominates JSE trading

Sagicor Select Fund hit a record high of $1.98 in trading 64% of the day’s volume.

Sagicor Select Fund traded the largest volume on Monday to account for 64 percent of total volume on the Jamaica Stock Exchange between $1.48 and $1.98 but closed with an average of $1.64 on a day when the market indices pulled back moderately.
At the close of trading, the JSE All Jamaican Composite Index dropped 1,193.80 points close at 579,845.24, the JSE Index lost 1,084.85 points to 527,915.77 and the JSE Financial Index added 0.37 points to end at 144.67.
Market activity, resulted in 37 securities trading in the main and US dollar markets, leading to 14 securities advancing, 13 declining and 11 trading firm, compared to 38 securities trading on Monday. Shares totaling 65,134,390 units valued at $273,353,099 traded compared to 27,179,057 units valued at $283,797,972 changing hands on Monday.
At the close of trading, Sagicor Select Fund traded at a record high of $1.75 after posting a record high of $1.98 for the day and JMMB Group 7.5% preference shares ended at a 52 weeks’ low of 77 cents. Pulse Investments traded at an intraday 52 weeks’ closing high of $4.50 but closed down at the close and Sygnus Credit Investments traded at an intraday record high of $27 but closed down for the day, at $23.95.
Sagicor Select Fund led trading with 41.6 million units for 64 percent of total volume, Wigton Windfarm followed with 16.3 million shares accounting for 25 percent of the day’s trade, Victoria Mutual Investments traded 1.67 million for 2.6 percent of total main market volume and JMMB Group 7.5% preference shares ended with 1.5 million shares.
The market closed with an average of 1,915,717 units valued at an average of $8,039,797 for each security traded. In contrast to 754,974 units valued at an average of $7,883,277 on Friday. The average volume and value for the month to date amounts to 910,009 units valued at $7,834.486 and previously, 901,908 units valued at $7,795,047. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ending with bids higher than their last selling prices and 2 with lower offers.
In the main market activity, Barita Investments gained $1.99 to end at 89.98 with 24,197 shares changing hands, Caribbean Cement ended with a loss of $1 at $79 with 43,310 stock units changing hands, Carreras gained 75 cents to end at $8.74 with 290,037 stock units trading, Grace Kennedy declined 50 cents in trading of 108,296 units at $69.50. Jamaica Broilers exchanged 97,721 shares but dropped $1 to close at $35, Jamaica Stock Exchange dropped $1.75 trading 106,091 shares to end at $25.75, Kingston Wharves lost $3.66 while trading 1,667 shares to end at $65.84, NCB Financial jumped $4.50 in exchanging 361,554 units to close $220. PanJam Investment lost $5 in trading of 113,323 units at $100, Portland JSX fell 35 cents in exchanging 4,887 shares at $7.55, Pulse Investments closed trading of 377,004 units and gained 60 cents to end at $ 3.70, Sagicor Group dipped $1 in trading 279,331 shares to end at $7. Sagicor Real Estate Fund climbed 34 cents trading 58,424 shares to end $11.15, on the second day of trading on the local market. Scotia Group closed trading of 111,212 units and gained 30 cents to end at $ 56.60, Supreme Ventures climbed 60 cents and exchanged 35,041 shares at $28.60, Sygnus Credit Investments fell $2.05 in trading 126,734 shares to end at $23.95 and Wisynco Group exchanged 318,832 units after falling $4.03 to close at $19.92.
Trading in the US securities market resulted in 487,317 units valued $73,780 changing hands. Margaritaville traded with 2,000 shares to settle at 25 US cents, Proven Investments gained one cent and closed at 25 US cents with an exchange of 122,860 shares and Sygnus Credit Investments traded 362,457 shares but slipped 1 cent to end at 11 US cents. The JSE USD Equities Index declined by 0.81 points to close at 186.56.

Sagicor Select Fund jumps 69%

Sagicor Select Fund jumps 69% to $1,69.

Shares of Sagicor Select Fund climbed sharply on the second day of listing on the Jamaica Stock Exchange, on Friday, with investors seeing a strong 69 percent jump in the value of their investment since it listed.
At the close of trading on Friday, the JSE All Jamaican Composite Index dropped 3,658.67 points close at 581,039.04, the JSE Index lost 3,324.79 points to 529,000.62 and the JSE Financial Index added 0.02 points to end at 144.30.
Market activity, resulted in 38 securities trading in the main and US dollar markets, leading to 14 securities advancing, 13 declining and 11 trading firm, compared to 39 securities trading on Wednesday.  Shares totaling 27,179,057 units valued at $283,797,972 traded, compared to 17,809,196 units valued at $536,050,805 changing hands on Wednesday.
At the close of trading, Radio Jamaica ended at a 52 weeks’ closing high of at $1.80, Sagicor Select Fund traded at a record high of $1.69 and Sygnus Credit Investments ended at 52 weeks’ closing high of $26, while Carreras hit a 52 weeks’ intraday low of $7.55 but moved higher at the close.
Wigton Windfarm led trading with 16.6 million units for 61 percent of total volume, Victoria Mutual Investments traded 3 million for 11 percent of total main market volume, followed by Jamaica Stock Exchange with 2.45 million shares for 9 percent of the day’s volume. Other stocks trading more than one million units, were Caribbean Cement with 1.2 million units and Carreras with 1 million shares.
The market closed with an average of 754,974 units valued at an average of $7,883,277 for each security traded. In contrast to 494,700 units for an average of $14,890,300 on Thursday. The average volume and value for the month to date amounts 901,908 units valued at $7,795,047 and previously, 939,424 shares with an average of $7,772,521. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ending with bids higher than their last selling prices and 2 with lower offers.
In the main market activity, Berger Paints traded 19,500 shares and rose $1.01 to close at $19.01, Jamaica Broilers exchanged 51,542 shares but dropped $3.50 to close at  $36, Jamaica Stock Exchange lost $1 trading 2,450,710 shares to end at $24, JMMB Group dropped $2.18 traded 23,004 shares to close at $50.02. Kingston Properties gained $1 trading 1,000 shares in closing at $8. Kingston Wharves lost 50 cents while trading 4,881 shares to end at $69.50, Mayberry Jamaica Equities traded 38,944 but fell 70 cents to end at $11.20, NCB Financial rose 50 cents in exchanging 90,628 units to close $215.50, 138 Student living traded 92,649 shares and rose 39 cents to $3.99. Portland JSX rose 35 cents in exchanging 8,715 shares at $7.90, Proven Investments exchanged 2,817 shares after gaining $1 to close at $37, Sagicor Group dipped $3.99 in trading 205,656 shares to end at $76. Sagicor Select Fund climbed 69 cents trading 335,000 shares to end at record closing high of $1.69, on the second day of trading on the local market. Scotia Group fell 70 cents to close at $56.30 in trading 84,553 shares and Seprod gained $1 in trading 46,602 shares at $56, Sygnus Credit Investments climbed $2 in trading 74,216 shares to end at ca 52 weeks’ closing high of $26 and Wisynco Group exchanged 97,786 units after falling 36 cents to close at $23.95.
Trading in the US securities market resulted in 241,493 units valued at US$57,196 changing hands. JMMB Group 6% preference share settled at 99 cents with 14,211 stock units trading, Proven Investments gained one cent and closed at 25 US cents with an exchange of 45,659 shares and Sygnus Credit Investments traded 32,000 shares but slipped 1 cent to end at 11 US cents. The JSE USD Equities Index rose 0.70 points to close at 187.37.