Partial recovery for JSE majors – Friday

March 2, 2018 by

Rising prices on the main market of the Jamaica Stock Exchange had the upper hand at the close of trading on Friday, with an advance delcie ratio of 3 to 2.
At the close, the JSE All Jamaican Composite Index in gaining 796.36 points to 318,127.47 and the JSE Index adding 725.57 points to end at 289,850.09.
Trading on Friday closed with 27 securities changing hands leading to 11 advancing, 8 declining and 8 trading firm, in the main and US dollar markets.
The securities with the largest price changes include, Berger Paints that dropped $2.35 to $19, Caribbean Cement falling $2.99 to $33.01, Grace Kennedy jumping $2 to $46, Jamaica Producers losing $2 to $15, JMMB Group that climbed $1.99 to $26, Sagicor Real Estate Fund jumping $1 to a record $17 and Scotia Group with a fall of $1.98 to $50.02.
Main market activity ended with 115,025,659 units valued at $1,171,809,500 compared to 22,773,292 units valued at $377,866,606 on Friday. Wisynco Group accounted for 111,757,051 changing hands, followed by Ciboney Group with 1,851,345 units.
Trading results in an average of 4,424,064 shares valued at $45,069,596 for each security traded, in contrast to 875,896 shares valued at $14,533,331 on Thursday. For the month to date an average of 2,649,980 units valued at $29,801,464 traded. In contrast, February closed with average of 213,336 units valued at $3,392,475 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Trading in the US dollar market ended with Proven Investments concluded trading at 21.5 US cents, down from 21.94 cents with 101,500 units changing hands with a value of US$21,823 as the market index slipped 2.05 points to 169.56.

For more details of market activities see – Wisynco trades 112 million shares on JSE – Friday.

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JSE majors in month end jump – Wednesday

February 28, 2018 by

Wisynco had the largest trades.

The Main Market of the Jamaica Stock Exchange closed the last day of the month on a high note with the JSE All Jamaican Composite Index rising 1,154.95 points to 321,207.65 and the JSE Index advancing by 1,052.29 points to 292,656.49, in what has become a usual month end rally.
Trading on Wednesday closed 28 securities changing hands with 12 advancing, 8 declining and 8 trading firm, in the main and US dollar markets.
The securities with the largest price changes include, Berger Paints ending with a gain of $1.50 to $20, Caribbean Cement rising $1 to $36, JMMB Group up by $1 to $26, NCB Financial Group traded 95 cents higher at $100, Salada Foods with a gain of $1 higher to $11.50, Wisynco Group settling at $1.19 higher to $11.49 and Scotia Group lost $1 to close at $52. Sagicor Real Estate Fund traded at an intraday all-time high of $17 but closed at $16 and JMMB Group 7.5% preference share closed a 52 weeks’ low of 85 cents.
Main market activity ended with 8,204,593 units valued at $66,110,510 compared to 8,204,593 units valued at $155,870,781 on Wednesday. Wisynco Group accounted for 60.5 percent of the total volume traded in the with 3,266,124 stock units followed by Ciboney Group with 658,995 units or 12.2 percent and Caribbean Cement with 359,865 shares.
Trading results in an average of 200,080 shares valued at $2,448,537 for each security traded, in contrast to 282,917 shares valued at $5,374,855 on Tuesday. The average volume and value for the month to date amounts to 213,336 units valued at $3,392,475 and previously, 214,033 units valued at $3,445,024. In contrast, January closed with average of 349,084 units at an average of $5,801,440 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 with lower offers.
Trading in the US dollar market ended with Productivity Business trading 5,000 shares and rose 2 cents to close at 60 US cents with a value of US$3,000 as the market index rose 1.84 points to 172.55.

For more details of market activities see – JSE rise on reduced volume on Wednesday.

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JSE main market enjoyed big bounce

February 21, 2018 by

Bulls may be lurching to pounce on Jamaican stocks.

Trading on the Main Market of the Jamaica Stock Exchange ended on Wednesday with JSE All Jamaican Composite Index increased by 2,161.69 points to 320,034.56 and the JSE Index advanced by 1,969.54 points to 291,587.67.
Trading ended on Tuesday with 9 stocks advancing, 6 declining and 11 trading firm.
The securities with the largest price changes include, Caribbean Cement settled $3.80 higher at $35, Salada Foods traded $1 higher at $12, Seprod closing 99 cents higher at $29.99 and Sterling Investments rising $2.74 higher to $12.05.
Market activity ended with 20,208,278 shares valued at $255,279,222 in contrast to 2,910,640 shares valued at $68,467,853 on Tuesday.
Wisynco Group was the leading security trading with 16,421,906 units accounting for 81.26 percent of share traded, followed by Caribbean Cement with 1,663,767 units or 8.2 percent and Ciboney Group with 791,013 units or 3.91 percent of total volume traded.
December closed with average of 777,241 shares valued at $9,818,432 for each security traded, in contrast to 111,948 units for an average of $2,633,379 on Tuesday. The average volume and value for the month to date amounts to 215,943 units valued at $3,334,894 and previously, 176,923 units valued at $2,847,692. In contrast, January closed with average of 349,084 units at an average of $5,801,440 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 with lower offers.
Traded in the US dollar market ended with Productivity Business finished unchanged at 56 US cents with 54,799 shares and Proven Investments traded 544,500 units at 21.99 US cents down from 22 US cents before. Total trading in the US market came to US$150,012 as the market index inched higher by 0.18 points to 168.78.
For more details of market activities see – Wisynco Group corners 81% of trading.

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JSE main market rise again- Tuesday

February 20, 2018 by

The Jamaica Stock Exchange ended on Tuesday with gains in the indices for a second day. At the close the JSE All Jamaican Composite Index gained 731.91 points to 317,872.87 and the JSE Index advanced by 666.86 points to 289,618.13.
Trading on the Main Market of the Jamaica Stock Exchange ended on Tuesday with as 9 advanced, 10 declined and 9 traded with prices unchanged.
The securities with the largest price changes include, Caribbean Cement with a fall of $1.80 to $31.20 and Scotia Group with a gain of 90 cents to end at $51.50.
Market activity ended with 2,910,640 shares valued at $68,467,853, in contrast to 4,327,589 shares valued at $91,755,917 on Monday.
Scotia Group with 733,630 units traded was the leading security trading followed by Ciboney Group with 474,739 units and Sagicor Real Estate Fund with 337,800 units.
The market closed with average of 111,948 units trading with an average of $2,633,379 for each security traded. In contrast to 160,281 units for an average of $3,398,367 on Tuesday. The average volume and value for the month to date amounts to 161,245 units valued at $3,699,796 and previously, 181,777 units valued at $2,865,105. In contrast, January closed with average of 349,084 units at an average of $5,801,440 for each security traded.
Traded in the US dollar market ended with Margaritaville lost 2 cents and settled at 19 US cents with 4,780 units and Proven Investments exchanging 14,213 ordinary shares, as the price closed at 22 US cents. The total value of US$4,070 and the JSE US Equities Index rose 85 points to 168.60.
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 2 with lower offers.
For more details of market activities see – JSE majors in moderate trading Tuesday.

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Gains for JSE main market – Monday

February 19, 2018 by

Trading on the main market of the Jamaica Stock Exchange ended on Monday with JSE All Jamaican Composite Index climbing 1,009.19 points to 317,140.96 and the JSE Index gaining 919.48 points to 288,951.27.
Market activity ended with 4,327,589 shares valued at $91,755,917 changing hands, in contrast to 3,062,698 shares valued at a mere $31,052,068 on Friday.
The major contributors to the total volume in the market was JMMB Group with 3,074,791 shares traded with the next being Wisynco Group with 282,109 units.
Main and US market activities ended with moderate trading levels, leading to prices of 11 securities rising, 9 falling and 8 trading firm as 29 securities changed hands, including just 1 from the US market versus 28 that traded on Friday.
The securities with the largest price changes include, Grace Kennedy with a gain of $1 to $44, Kingston Wharves up $1 to $42 and PanJam Investment rose 95 cents to $41 and Jamaica Producers lost $1.77 to $15.50.
The US market closed with Proven Investments exchanging 7,978 ordinary shares, as the price gained 1 cent to close at 22 US cents, with a value of US$1,722 and the JSE US Equities Index rose 2.75 points to 167.75.
Trading closed with an average of 160,281 units valued at an average of $3,398,367 for each security traded. In contrast to 117,781 units valued at an average of $1,194,310 on Friday. The average volume and value for the month to date amounts to 181,777 units valued at $2,865,105 and previously, 183,585 units valued at $2,815,964. In contrast, January closed with average of 349,084 units at an average of $5,801,440 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer reading shows 9 stocks ended with bids higher than their last selling prices and 1 with a lower offer.
For more details of market activities see –JMMB dominates JSE trading.

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JMMB dominates JSE trading

February 19, 2018 by

Market activity ended with only 4,327,589 shares valued at $91,755,917 changing hands as 27 securities traded ending with 10 securities rising, 9 falling and 8 trading firm.
Trading in JMMB Group accounted for 71 percent of the volume of shares traded for the day. Trading led to gains in the market indices. The JSE All Jamaican Composite Index gained 1,009.19 points to 317,140.96 and the JSE Index advanced by 919.48 points to end at 288,951.27.
In the main market activity, Berger Paints ended with a loss of 49 cents at $17.50, with 633 stock units, Cable & Wireless concluded trading 1 cent higher at $1.37, with 190,477 units, Carreras finished with a gain of 44 cents at $10.95, with 35,877 shares, Caribbean Cement jumped $2.32 to close at $33, with a mere 2,525 shares, Ciboney Group ended trading with a loss of 7 cents to 25 cents, with 20,000 shares, with the stock trading ex-dividend of 34 cents. Grace Kennedy traded 25 cents higher at $44.25, with 19,093 stock units, Jamaica Broilers finished trading with a rise of 50 cents at $18.60, as 8,066 units were exchanged, Jamaica Producers lost 50 cents at $15, with 126,900 shares trading, Jamaica Stock Exchange fell 29 cents to $6.70, with 3,300 shares. JMMB Group concluded trading at $25, with 3,074,791 shares, Kingston Wharves settled 60 cents higher at $42.60, trading 15,526 units, Mayberry Investments ended trading with a loss of 49 cents to $5.50, as 57,345 shares were exchanged, NCB Financial Group slipped 48 cents to $99.52, with 22,553 shares. PanJam Investment lost 45 cents to end at $40.55, with 46,642 units, Portland JSX concluded trading at $10, with 30,650 shares, Pulse Investments finished at $1.80, as 25,000 shares changed hands, Radio Jamaica settled at $1.12, with 10,174 shares. Sagicor Group ended trading at $36, with 14,598 stock units, Sagicor Real Estate Fund settled with a loss of 85 cents at $14.05, with 175,214 shares, Salada Foods traded $1.05 higher to $11, with 10,000 units, Scotia Group finished trading and gained 5 cents to $50.60, with 100 shares, Supreme Ventures ended at $12, trading 8,840 stock units. Victoria Mutual Investments finished 2 cents higher at $4.12, with 136,776 units, Wisynco Group traded 282,109 units but lost 20 cents to end at $10.49 and In the main market preference segment, JMMB Group 7.5% closed at $1.02, with 300 shares, 138 Student Living ended at $6, with 100 shares, Proven Investments 8.25% settled 4 cents higher at $5.09, with 10,000 units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Gains for JSE main market stocks – Monday.”

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JSE main market indices fall – Friday

February 16, 2018 by

Grace Kennedy gained $1 to close at $44 on Friday

Trading on the main market of the Jamaica Stock Exchange ended on Friday with JSE All Jamaican Composite Index fell by 794.62 points to 316,131.77 and the JSE Index declined by 723.99 points to 288,031.79.
Market activity ended with only 3,008,815 shares valued at a mere $31,052,068 changing hands, in contrast to 3,856,461 shares valued at $40,581,082 on Thursday.
The major contributors to the total volume in the market was Radio Jamaica with 1,621,266 shares traded with the next being Wisynco Group with 304,203 units.
Main and US market activities ended with moderate trading levels, leading to prices of 11 securities rising, 7 falling, 11 trading firm as 29 securities changed hands, including just 1 from the US market versus 31 that traded on Thursday.
The securities with the largest price changes include, Grace Kennedy with a gain of $1 to $44, Kingston Wharves up $1 to $42 and PanJam Investment rose 95 cents to $41 and Jamaica Producers lost $1.77 to $15.50.
The US market closed with Proven Investments exchanged 4,000 ordinary shares, to close at 21 US cents, with a value of US$924 and the JSE US Equities Index fell 1.82 points to 165.
Trading closed with an average of 117,781 units valued at an average of $1,194,310 for each security traded. In contrast to 137,731 units for an average of $1,449,324 on Thursday. The average volume and value for the month to date amounts to 183,585 units valued at $2,815,964 and previously, 189,385 units valued at $2,973,878. In contrast, January closed with average of 349,084 units at an average of $5,801,440 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 2 with lower offers.

For more details of market activities see – Moderate JSE main market trading.

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JSE majors pulled back on Thursday

February 15, 2018 by

Interest rates are falling and will drive stocks higher in 2018.

Trading on the Main Market of the Jamaica Stock Exchange ended on Thursday with JSE All Jamaican Composite Index falling by 1,047.87 points to 316,926.39 and the JSE Index declining by 954.73 points to 288,755.78.
Main market activity closed with 3,856,461 shares valued at just $40,581,082 changing hands, in contrast to 5,490,162 shares valued at a mere $27,746,053 trading on Tuesday, the day before the Ash Wednesday break.
The major contributors to the total volume in the market include, Wisynco Group with 905,215 units followed by Radio Jamaica with 745,339 units and Ciboney Group with 482,108 units.
Main and US market activities ended with moderate trading levels, leading to prices of 11 securities rising, 12 falling, 8 trading firm as 31 securities changed hands, including 3 from the US market. Trading took place in 31 securities on Thursday.
The securities with the largest price changes include, Jamaica Producers rising $1.87 to $17.47, Mayberry Investments with a gain of 90 cents to $6.05, Kingston Wharves losing $1.60 to $41, while PanJam Investment fell $1.80 to $40.05 and Scotia Group lost $1.45 to end at $50.55.
The US market closed with Margaritaville lost 1 cents and closed trading at 1 US cent with 5,000 shares and Proven Investments exchanged 16,820 ordinary shares, to close at 21 US cents. JMMB 6% preference share ended at $1.08 with 400 stock units trading. The market closed with just 22,220 shares trading with a value of US$5,122 and the JSE US Equities Index rising 1.59 points to close at 166.82.
Market activity ended with an average of 137,731 shares valued at $1,449,324, in contrast to 189,316 shares valued at $956,760 on Tuesday. The average volume and value for the month to date amounts to 189,385 units valued at $2,973,878 and previously, 182,709 units valued at $3,152,487. January ended with an average of 239,900 units valued at $5,158,193 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks ended with bids higher than their last selling prices and 1 closed with a lower offer.

For more details of market activities see – Subdued trading on Thursday sinks JSE index.

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JSE in big rise again – Tuesday

February 13, 2018 by

Trading on the Main Market of the Jamaica Stock Exchange ended on Tuesday with JSE All Jamaican Composite Index climbing 1,439.19 points to 317,974.26 and the JSE Index advancing by 1,311.26 points to 289,710.51.
Tuesday was the second consecutive day with gains of more than 1,300 in the market indices. The number of securities trading, rose above that on Monday, but the value traded fell sharply. Main market activity ended with 5,490,162 shares valued at a mere $27,746,053 changing hands, in contrast to 6,473,345 shares valued at $82,423,988 trading on Monday.
Main and US market activities ended with moderate trading levels, leading to prices of 8 securities rising, 14 falling, 9 trading firm as 31 securities changed hands, including 2 from the US market versus 27 that traded on Monday.
The major contributors to the total volume in the market include Ciboney with over 970,000 units, 1834 Investments trading over 2.3 million units, Radio Jamaica with more than 520,000 units and Wisynco with just over 800,000 units. Kingston Wharves jumped $5.55 to a new record high of $42.60, Barita Investments rose 94 cents to end at $8.45, while PanJam Investment rose $1.85 to $41.85, but NCB Financial lost 95 cents to close at $99, Salada Foods fell $1.49 to $10.51 and Scotia Group lost $1 to end at $52.
The US market closed with Margaritaville concluded trading at 22 US cents with 2,835 shares and Proven Investments fell 1.95 cents in exchanging 4,474 ordinary shares, to close at 21 US cents. The market closed with 132,964 shares trading with a value of US$27,986 and the JSE US Equities Index falling 8.95 points to close at 165.23.
Market activity ended with an average of 189,316 shares valued at $956,760, in contrast to 258,934 shares valued at $3,296,960 on Monday. The average volume and value for the month to date amounts to 182,709 units valued at $3,152,487 and previously, 181,904 units valued at $3,455,707. January ended with an average of 239,900 units valued at $5,158,193 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 closed with lower offers.

For more details of market activities see – Kingston Wharves jumps $5.55 to new high

.

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Strong up day for JSE main market – Thursday

February 8, 2018 by

Trading on the Main Market of the Jamaica Stock Exchange ended on Thursday with JSE All Jamaican Composite Index jumping 1,482.29 points to 315,682.85 and the JSE Index climbing 1,350.53 points to 287,622.79.
Main and US market activities ended with moderate trading levels leading to prices of 11 securities rising, 9 falling, 7 trading firm as 27 securities traded, including 1 from the US market versus 30 on Wednesday.
Main market activity ended with 7,713,887 shares valued at $88,768,495 changing hands, in contrast to 8,750,362 shares valued at $150,223,412 trading on Wednesday.
The US market closed with Proven Investments exchanging 8,422 ordinary shares, at 22.95 US cents, with a value of US$1,933 and leading to the JSE US Equities Index rising 3.03 points to close at 174.14.
Market activity ended with an average of 296,688 shares valued at $3,414,173, in contrast to 312,513 shares valued at $5,365,122 on Wednesday. The average volume and value for the month to date amounts to 165,819 units valued at 3,005,225 and previously, 175,215 units valued at $3,541,807. January closed with average of 239,900 units valued at $5,158,193 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and just 3 closed with lower offers.
Major price changes at the close of the market are, Jamaica Broilers with a fall of $1 to $18, Jamaica Producers jumping $2.50 to $18, JMMB Group rising $1.10 to $25.01, Sagicor Group falling $1 to $35 and Scotia Group up $1 to $51. Ciboney traded 1.06 million units and Wisynco Group trading 1.2 million units after the company reported a 23 percent rise in second quarter profits to December and JMMB Group 7.5% preference shares added just under 2.8 million units to the day’s volume.
For more details of market activities see – 11 stocks rose 9 fell in JSE trading – Thursday.

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