Decline continues for JSE main market – Monday  

December 10, 2018 by

NCB declined again on Monday.

The  Jamaica Stock Exchange All Jamaican Composite Index lost 1,361.35 points to close at 411,130.48 on Monday and the JSE Index declined by 1,240.34 points tot close at 374,586.38.

The market suffered from declines primarily in Caribbean Cement, Jamaica Producers, NCB Financial, Sagicor Group and Supreme Ventures but good gains mainly in Grace Kennedy and Panjam Investment helped to ease the fall.
At the end, 33 securities changed hands in the main and US dollar markets with prices of just 11 rising, 14 declining and 8 remaining unchanged compared to 28 securities trading on Friday.
The main market ended with 4,388,637 units valued at $106,879,255 trading, compared with 5,896,056 units valued at $161,797,148 changing hands on Friday.
The main market ended with JMMB Group trading 1,006,420 units, accounting for just over 23 percent of the volume, followed by Portland JSX with 840,399 units 19 percent of the day’s volume and Scotia Group with 471,694 units 10.75 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than the last selling prices and 3 closing with lower offers.
Trading resulted in an average of 137,145 units valued at over $3,339,977, in contrast to 226,771 shares valued at $6,222,967 on Friday. The average volume and value for the month to date amounts to 111,829 units with a value of $3,007,628 compared to 128,316 units with a value of $3,599,881, previously. November closed, with an average of 405,528 valued at $7,755,942, for each security.
In main market activity, Barita Investments rose 89 cents to end at $32, with 35,028 shares changing hands, Caribbean Cement dropped $5.50 and finished trading 40,130 shares at $43.50, Grace Kennedy rose 41.50 and ended trading 9.525 shares at $59.50, Jamaica Producers finished trading of 50,113 units with a fall of $1 to close at $24, NCB Financial Group lost $2.90 to end trading of 89,435 shares at $147, PanJam Investment gained $1.95 to close at $67, with an exchange of 27,500 stock units, Portland JSX closed trading with 840,399 units after rising by 50 cents to end at $9, Sagicor Group fell 84 cents to finish trading of 142,802 shares at $40.16, Sagicor Real Estate Fund fell 50 cents to settle at $10.50, with 331,702 shares changing hands, Seprod traded 22,517 shares and dropping 35 cents to close at $31.85, Stanley motta fell 60 cents in trading 30,338 shares at $4.60, Supreme Ventures lost 99 cents and ended at $16, with 94,982 shares exchanged.
Trading in the US dollar market amounted to 592,387 units valued at $130,626 as Proven Investments ended at 22 US cents with 592,387 shares changing hands. The JSE USD Equities Index closed with a rise of 0.20 points to close at 171.52.

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Scotia & Grace out of IC Top 10

December 8, 2018 by

The Jamaican stock market saw quite a bit of volatility during the past week resulting from some sharp price movement of some stocks.
The pullback could well be that the market will soon be entering the period when institutional investors are likely to enter the market to reposition their portfolio ahead of the start of the new years and could result in a usual Santa Claus rally starting around the middle of the month.
In the end, Lasco Financial came under selling pressure and closed the week at $4.15 to reenter the TOP 10 list of the Junior Market and displaced Jamaican Teas TOP 10 last week. In the main market TOP 10 two changes took place with Sagicor Group having fallen to $41 and JMMB Group trading at $34 replacing Scotia Group that reported poor fourth quarter results and declining in price from the $60 region of the previous week to close at $54.05 while Grace Kennedy moved up in price and the earnings per share has been adjusted to $4.80 from $5.30 the combination of which pushed them from the TOP list.  
The main market closed the week with the overall PE remains at 15.6, the PE of the Junior market remains at 15.9. The PE ratio for Junior Market Top 10 stocks average 8.8 and the main market PE is now 9.9. The top Junior market stocks are selling at a discount of 13 percent to those of the main market stocks even as the overall average PE for both markets are almost equal. This is an indication that there may be more gains to be had from these Junior Market stocks than those in the main market.
The TOP 10 stocks now trade at an average discount of 45 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 39 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.

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Another big drop for JSE main market – Friday  

December 7, 2018 by

After the main market of the Jamaica Stock Exchange suffered one of its largest declines in its history, with the JSE All Jamaican Composite Index having dived 10,996.27 points on Thursday, the index plunged another 9,551.77 points on Friday to close at 412,491.83 on a day of mostly falling prices.
The JSE Index dropped 8,702.74 points, following the fall of 10,018.84 on Thursday to close at 375,826.72 on Friday. The market got hit with the sharp pull back in the prices of some heavily weighted stocks with NCB Financial, Sagicor Group and Scotia Group leading the pack with the former pulling back from $159 to $149.90, the Sagicor declining from $47.50 to $41 and Scotia declining from $59 at the start of Thursday to $54.01 on Friday.
At the end, 28 securities changed hands in the main and US dollar markets with prices of just 6 rising, 16 declining and 6 remaining unchanged compared to 30 securities trading on Thursday.
The main market ended with 5,896,056 units valued at $161,797,148 trading, compared with 1,266,059 units valued at $39,894,741 changing hands on Thursday.
The main market ended with Mayberry Investments trading 1,715,395 units, accounting for just over 29 percent of the volume, followed by Sagicor Group with 1,388,644 units or 23.55 percent of the day’s volume and JMMB Group with 1,314,699 units and 22.30 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than the last selling prices and 3 closing with lower offers.
Trading resulted in an average of 226,771 units valued at over $6,222,967, in contrast to 46,891 shares valued at $1,477,583 on Thursday. The average volume and value for the month to date amounts to 128,316 units with a value of $3,599,881 compared to 104,614 units valued at $2,135,092, previously. November closed, with an average of 405,528 valued at $7,755,942, for each security.
In main market activity, Barita Investments dropped $1.48 to end at $31.52, with 6,543 shares changing hands, Caribbean Cement jumped $5.35 and finished trading 35,500 shares at $49, Grace Kennedy dropped 50 cents and ended trading 8,938 shares at $58. Jamaica Producers finished trading of 22,814 units with a gain of 49 cents to close at $25, JMMB Group jumped $1 and ended at $34 with 1,314,699 shares changing hands, Kingston Wharves fell 70 cents to $75, with 6,800 stock units changing hands. Mayberry Investments fell 50 cents trading 1,715,395 shares in closing at $9, Mayberry Equities fell 50 cents trading only 756 shares in closing at $9.50, NCB Financial Group dived $9.10 to end trading of 108,978 shares at $149.90, PanJam Investment lost 95 cents to close at $65.05, with an exchange of 9,904 stock units, Sagicor Group fell $3 to finish trading of 1,388,644 shares at $41, Seprod traded 68,880 shares, dropping 80 cents in the process to close at $32.20 Supreme Ventures rose 99 cents and ended at $16.99, with 149,695 shares exchanged.
Trading in the US dollar market amounted to 5,000,166 units valued at $550,037 as Proven Investments rose 1 cents and ended at 22 US cents with just 166 shares changing hands and Sygnus Credit Investments US dollar based ordinary share rose 1 cent trading 5 million units to end at 11 US cents. The JSE USD Equities Index closed with a rise of 4.95 points to close at 171.32.

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Huge dive in JSE main market – Thursday

December 6, 2018 by

Barita climbs to a new high of $33 on Thursday.

After two days of modest gains the main market of the Jamaica Stock Exchange, suffered one of its largest declines in its history, with the JSE All Jamaican Composite Index plunging 10,996.27 points to 422,043.60 and the JSE Index nosediving 10,018.84 points to close at 384,529.46 on a day of modest volume.
At the end, 30 securities changed hands in the main and US dollar markets with prices of 11 stocks rising, 11 declining and 8 remaining unchanged compared to 28 securities trading on Wednesday.
Barita Investments ended trading at another record close of $33.
The main market ended with a mere 1,266,059 units valued at $39,894,741 changing hands, compared with 4,455,571 units valued at $87,653,782 that were exchanged on Wednesday.
The main market ended with Seprod leading with 342,787 units, accounting for 27 percent of the day’s trades, followed by JMMB Group with 168,541 units or 13 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 5 stocks ending with bids higher than the last selling prices and 3 closing with lower offers.
Trading resulted in an average of 46,891 units valued at an average of $1,477,583 for each security traded. In contrast to 171,368 units for an average of $3,371,299 on Wednesday. The average volume and value for the month to date amounts to 104,614 units valued at $2,135,092 compared to 123,855 units with a value of $2,354,261, previously. November closed, with an average of 405,528 valued at $7,755,942, for each security.
In main market activity, Barita Investments jumped $1.99 to end at a record close of $$33, with 6,800 shares changing hands, Berger Paints gained 50 cents and ended at $18.50, with 5,130 stock units trading, Caribbean Cement dropped $6.35 and finished trading 8,895 shares at $43.65, Grace Kennedy rose 50 cents and ended trading 5,821 shares at $58.50. Jamaica Stock Exchange rose 61 cents to $9.01, trading 2,510 shares, JMMB Group dropped $1.99 ending at $33 with 168,541 shares changing hands, Kingston Wharves fell 70 cents to $75, with 6,800 stock units changing hands. Mayberry Equities fell 50 cents trading 85,414 shares in closing at $10, NCB Financial Group added $1.99 to end trading of 66,148 shares at $159, PanJam Investment added 90 cents to $66, with an exchange of 7,665 stock units, Sagicor Group fell $3.50 to finish trading of 77,462 shares at $44, Salada Foods ended trading with a rise of $1 to close at $30 trading 2,000 stock units, Scotia Group traded 4,641 shares and dropped $4.95 to close at $54.05 Supreme Ventures lost $1 and ended at $16, with 125,696 shares exchanged.
Trading in the US dollar market amounted to 107,117 units valued at $22,155 as JMMB 6% preference share rose 1 cent and ended trading at $1.06 with 800 stock units and Margaritaville ended at 24 US cents with 415 shares changing hands and Sygnus Credit Investments US dollar based ordinary share lost 1 cent trading 1,801,000 units to end at 10 US cents. The JSE USD Equities Index closed with a rise of 1.11 points to close at 167.36.

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Modest trading in JSE main market – Wednesday

December 5, 2018 by

Barita ended on the JSE at a record close of $31.01.

The main market of the Jamaica Stock Exchange, made modest gains at the close of trading on Wednesday resulting from the JSE All Jamaican Composite Index advancing 51.12 points to 433,039.87 and the JSE Index gaining 46.57 points to close at 394,548.30.
At the end, 28 securities changed hands in the main and US dollar markets with prices of 14 stocks rising, 11 declining and 6 remaining unchanged compared to 31 securities trading on Tuesday.
Barita Investments ended trading at a record close of $31.01.
The main market ended with 4,455,571 units valued at $87,653,782 changing hands, compared with just 4,732,702 units valued at $78,353,687 that were exchanged on Tuesday.
The main market ended with Victoria Mutual Investments leading with 1,246,476 units, accounting for 28 percent of the day’s trades, followed by JMMB Group 7.25% preference share with 989,957 units or 22 percent of the day’s volume and Wisynco Group with 447,047 units with 10 percent of the day’s trades.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 5 stocks ending with bids higher than the last selling prices and 4 closing with lower offers.
Trading resulted in an average of 171,368 units valued at over $3,371,299, in contrast to 157,757 shares valued at $2,611,790 on Tuesday. The average volume and value for the month to date amounts to 123,855 units with a value of $2,354,261 compared to 101,394 units valued at $1,873,480, previously. November closed, with an average of 405,528 valued at $7,755,942, for each security traded.
In main market activity, Barita Investments jumped $2.01 to end at a record close of $$31.01, with 17,647 shares changing hands, Caribbean Cement jumped $6 and finished trading 9,130 shares at $50, Jamaica Broilers fell 25 cents trading 26,439 stock units at $29.75.  Jamaica Stock Exchange dropped $1.60 to $8.40, trading 337,162 shares, Kingston Wharves fell $1.60 to $75.70, with 28,919 stock units changing hands. Mayberry Investments declined by 38 cents trading 50,012 shares in closing at $9.60, Mayberry Equities jumped $1.29 cents trading 50,012 shares in closing at $10.50, NCB Financial Group shed $2.49 to end trading of 185,214 shares at $157.01, PanJam Investment dropped $2.90 to $65.10, with an exchange of 342,886 stock units, Sagicor Group fell $1.05 to finish trading of 46,813 shares at $47.50, Scotia Group traded 8,700 shares and rose $1 to close at $59 and Seprod rose $1 in trading of 158,334 shares, to close at $33.
Trading in the US dollar market amounted to 107,117 units valued at $22,155 as Proven Investments ended trading 103,717 at 21 US cents and Sygnus Credit Investments US dollar based ordinary share traded 3,400 units at 11 US cents. The JSE USD Equities Index closed with a rise of 1.11 points to close at 167.36.

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JSE marked time in trading on Tuesday

December 4, 2018 by

Barita ended on the JSE at a record close of $29.

The main market of the Jamaica Stock Exchange, made gains at the close of trading on Tuesday resulting in the JSE All Jamaican Composite Index advancing by 116.66 points to close at 432,988.75 and the JSE index rising 106.29 points to 394,501.73. 
At the end, 31 securities cahnged hands in the main and US dollar markets with prices of 14 stocks rosing, 11 declining and 6 remaining unchanged. Barita Investments ended at a record close and Salada Foods traded at an intraday high at $30.The main market ended with 4,732,702 units valued at $78,353,687 changing hands, compared with just 843,989 units valued at $24,687,711 that were exchanged on Monday.
Wisynco Group lead trading with 2,609,218 units, accounting for 55 percent of the day’s trades, followed by Stanley Motta with 509,500 units or 10.8 percent of the day’s volume and Victoria Mutual Investments with 230,707 units with 4.9 percent of the day’s trades.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and 2 closing with lower offers.
Trading resulted in an average of 157,757 units valued at over $2,611,790, in contrast to 33,760 shares valued at $987,508 on Monday. The average volume and value for the month to date amounts to 101,394 units valued at $1,873,480. November closed, with an average of 405,528 valued at $7,755,942, for each security traded.
In main market activity, Barita Investments rose $1.50 to end at a record close of $29, with 5,515 shares changing hands, Caribbean Cement fell 95 cents and finished trading of 37,015 shares at $44, Grace Kennedy climbed $1.50 in trading of 93,277 shares at $58, Jamaica Broilers fell 55 cents trading 25,312 stock units at $30.  Jamaica Stock Exchange climbed $1 to $10, trading 142,593 shares, Kingston Wharves rose $4 to $77, with 4,216 stock units changing hands. Mayberry Investments rose 41 cents trading 171,927 shares in closing at $9.98, NCB Financial Group gained $2.50 to end trading of 96,175 shares at $159.50, PanJam Investment dropped $2 to $68, with an exchange of 57,080 stock units, Palace Amusement gained $150 to $1,450, with 100 shares trading, Portland JSX rose 49 cents and ended at $7.50, with 638 units changing hands, Sagicor Group fell 95 cents to finish trading of 97,063 shares at $48.55, Sagicor Real Estate Fund fell 75 cents and settled at $11.10, with 14,650 shares. Scotia Group traded 55,696 shares and rose $1 to close at $58, Seprod fell 40 cents in trading of 86,259 shares, to close at $32 and Sygnus Credit Investments fell 35 cents to close at $10.65 trading 53,395 shares.
Trading in the US dollar market amounted to 72,343 units valued at $14,988 as Proven Investments ended trading at 21 US cents. The JSE USD Equities Index closed with a fall of 2.30 points to close at 166.25.

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JSE fails to hang on to record – Monday

December 3, 2018 by

The main market of the Jamaica Stock Exchange, surged to a new record high in early morning trading after just 7 minutes of the opening with the JSE All Jamaican Composite Index rising 5,319.88 to a record 435,784.80 points and briefly moved higher to more than 435,900 points before pulling back, at the close the index put on 2,407.17 points to 432,872.09.
The JSE index climbed 4,847.01 points to a record of 397,049.24 after 7 minutes of trading pulled back at the close but still put on 2,589.66 points to close at 392,202.23.
Market activity resulted in 3 securities trading at record highs but ended with 2 securities closing at record highs and one closing at 52 weeks’ ow, as 26 securities in the main and US dollar markets changed hands, compared to a 31 on Friday. At the end, prices of just 6 stocks rose, 15 declined and 5 remained unchanged.
The main market ended with just 843,989 units valued at $24,687,711 changing hands, compared with 12,946,386 units valued at $522,988,358 that were exchanged on Friday.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 7 stocks ending with bids higher than the last selling prices and 2 closing with lower offers.
Trading resulted in an average of 33,760 units valued at over $987,508, in contrast to 446,427 shares valued at $18,034,081 on Friday. November closed, with an average of 405,528 valued at $7,755,942, for each security traded.
In main market activity, Barita Investments fell 50 cents to close of $27.50 after trading at new in  intraday record high of $31, with 19,020 shares changing hands, Caribbean Cement climbed $1.45 and finished trading of 2,755 shares at $44.95, Carreras concluded trading of 103,177 units at $9.10 after falling 40 cents, Grace Kennedy dropped $1.50 in trading of 34,081 shares at $56.50, Jamaica Stock Exchange fell 63 cents and closed at $9, trading 19,650 shares, Kingston Wharves fell $2.79 to $73, with 6,817 stock units changing hands. Mayberry Jamaica Equities lost 85 cents trading 7,993 shares in closing at $9.15, NCB Financial Group declined by $2.05 to end trading of 66,427 shares at $157, PanJam Investment dropped $4 to  $70, with an exchange of 13,890 stock units, Sagicor Group fell 50 cents to finish trading of 57,553 shares at $49.50, Scotia Group traded 14,660 shares and rose $2 to close at $57, Seprod added $2.40 trading of 27,970 shares, to close at $32.40.

Trading in the US dollar market amounted to 40,224 units valued at over $8,569 as Proven Investments lost 1 cent and ended trading at 21 US cents. The JSE USD Equities Index closed with a rise of 0.87 points to close at 168.55.

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Scotia & Stanley Motta now in IC Top 10

December 3, 2018 by

Two changes took place in the main market TOP 10 and one in the Junior Market as market activity pushed out some stocks from the list this past week.
Palace Amusement and Barita Investments had big price gains during the week and exited the main market top list while Honey Bun reported full year profit of 18 cents per share and dropped out of the top tier stocks but it still showed strong signs of better days ahead as it starts the new fiscal year with increased volume sales.

New Entrants this week are, Stanley Motta and Scotia Group for the main market and Jamaican Teas for the Junior Market. Barita Investments jumped to a record $28 on Friday as investors continue to bid up the stock with talk on the road of positive developments surrounding the company. This publication expects good gains from the company’s investment portfolio and the performance of the stock market should also result in growth in the equity-based unit trust and therefo re boost fee income. In addition, word out is that they have acquired an investment portfolio that will add to revenues. At the current price, a stock split also seems assured for 2019.
During the week news broke that Scotia Group had entered into an agreement to sell their insurance arm to Sagicor Financial, the news helped to drive prices of Scotia Group, Sagicor Group and PanJam Investment up and created excitement in the market.
The main market closed the week with the overall PE remains at 15.7, the PE of the Junior market is at 15.9. The PE ratio for Junior Market Top 10 stocks average 8.8 and the main market PE is now 9.5.

The TOP 10 stocks now trade at an average discount of 45 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 39 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.

Filed Under: Buy Rated Tagged With: , , , , , , , , , , , , , , , , ,

Wisynco expects better Q2

December 2, 2018 by

Wisynco held its AGM on Tuesday, November 26, at the Sam Mahfood Distribution Centre, Lakes Pen Road, St Catherine. The well attended meeting was updated on the financials for the 2018 fiscal year ending June and the 2018 first quarter by the managing director, Andrew Mahfood.
Mahfood spoke to the major developments during the year and the quarter including the successful IPO last year. Shareholders were informed on the full resumption of the storage facilities at the headquarters, with cold storage being the latest to come on stream. He stated that not much savings was expected in the switch. There will be cost savings in rental and from a more efficient operation with just one location than two.
The company reported sales revenue of $25.54 billion up 14.8 percent from $21.38 billion in 2017 and generated net profit of $3.29 billion compared to $2.45 billion in 2017. Attendees were informed by the managing director that the 2017 net profit included the one off income from the insurance claim amounting to $636 million before tax which relates to the fire that occurred in May 2016.
The installation of two new bottling lines and one new filler Mahfood told shareholders and guests, should result in 40 percent more efficiency, the lines allows for less packaging material being used to produce bottles and will also result in lower transportation costs. The new lines have created capacity to meet increased demand and facilitate increased exports sales. For the first quarter sales revenue grew

Shareholders at Wisynco 2018 AGM.

just over 12 percent to $6.8 billion but should rise faster in the second quarter with new products for distribution and increased production to meet market demand. Profit grew 15.7 percent to $779 million in the September quarter, from $698 million in 2017, with earnings per share for the quarter ending at 21 cents and is projected by IC Insider.com to reach $1.10 for the full year. Gross Profit also increased to $2.6 billion or 10.4 percent over the $2.3 billion achieved in the same quarter of the previous year. Gross Margin of 37.8 percent was slightly lower than the 38.4 percent for the 2017 first quarter due to the commissioning of the new beverage lines and the devaluation of the Jamaican Dollar, management indicated.
Selling, Distribution & Administrative Expenses for the quarter totaled $1.73 billion or 11.4 percent more than the $1.55 billion in 2017.
Both Andrew and William Mahfood seem very optimistic that the second quarter will show improved sales growth over the first quarter. The settling down of the new lines are major factors as well as continued economic growth in the Jamaican economy.
But the operations were not without problems. The operation of the new equipment took time to settle and this resulted in dislocation in supplying the marketplace with adequate supplies, which held back sales in the first quarter. That problem seems to have been resolved as sales have improved, the two Mahfood brothers told IC Insider and this will show up in increased sales in the second quarter and beyond. Distribution of the Rum Bar brand of spirits produced by Worthy Park Estates commenced in November. Sales from this is expected to reach $500 to $600 million per year, while the distribution of sugar will commence in 2019.

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

Most JSE stocks rise indices dip Friday

November 30, 2018 by

The main market of the Jamaica Stock Exchange, took a break from record making runs with the All Jamaica Index closed a fall of 2,842.30 points to 430,464.92 and the JSE Index declined by 2,589.66 points to close at 392,202.23.
Market activity resulted in 3 securities trading at record highs but ended with 2 securities closing at record highs and one closing at 52 weeks’ low, as 31 securities in the main and US dollar markets changed hands, compared to a 35 on Thursday. At the end, prices of 16 stocks rose, 7 declined and 8 remained unchanged.
The main market ended with 12,946,386 units valued at $522,988,358 changing hands, compared with 9,092,070 units valued at $158,769,688 exchanged, on Thursday.
The main market ended with Jamaica Broilers leading with 8,048,990 units, accounting for 62 percent of the day’s trades, followed by Wisynco Group with 1,699,655 units or 13 percent of the day’s volume and NCB Financial with 1,409,918 units with 10 percent of the day’s trades.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than the last selling prices and 3 closing with lower offers.
Trading resulted in an average of 446,427 units valued at over $18,034,081, in contrast to 284,127 shares valued at $4,961,553 on Thursday. The average volume and value for the month to date, amounts to 405,528 valued at $7,755,942, compared to 403,611 valued at $7,228,391 previously. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In main market activity, Barita Investments rose $3.99 to a record close of $28, trading 2,000 shares, Grace Kennedy climbed $3 in trading of 36,609 shares at $58, Jamaica Broilers gained 55 cents, trading 8,048,990 stock units at $30.55, Jamaica Producers rose 41 cents and finished trading 27,898 units, at $24.51,  JMMB Group jumped $2.49 to end at $35, trading 96,088 shares, Mayberry Jamaica Equities jumped 98 cents trading 42,500 shares in closing at $10, NCB Financial Group lost 95 cents to end trading at $159.05 with 1,409,918 shares, PanJam Investment jumped $2.50 to a record $74, with an exchange of 113,647 stock units, Portland JSX lost 79 cents and ended at 52 weeks’ low of $7.01, exchanging 7,642 units, Sagicor Real Estate Fund gained 30 cents to settle at $11.80, exchanging 26,427 shares, Scotia Group traded 71,726 shares and shed $3 to close at $55, Seprod dropped $2.50  trading of 234,387 shares, to close at $30, Sterling Investments rose 30 cents and closed at $5, with 21,174 shares changing hands, Supreme Ventures fell $1.39 to end at $16.95, with an exchange of 60,986 shares and Sygnus Credit Investments gained 44 cents in trading 67,625 units.
Trading in the US dollar market amounted to 44,122 units valued at $8,705 as Proven Investments rose 2 cents and ended trading of 38,222 shares at 22 US cents and Sygnus Credit Investments US dollar based ordinary share traded 5,900 units at 11 US cents. The JSE USD Equities Index closed with a rise of 1.47 to close at 167.68.

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