Trading on the Jamaica Stock Exchange resulted
in the main market and junior market rising moderately in early Wednesday morning activity.
A total of 24 securities traded of which 12 advanced and 2 fell, resulting in a volume of just 627,417 shares changing hands carrying a value of a $2,528,726 compared with 1,821,034 shares changing hands, with a value of $62,254,541 on Tuesday. The average number of shares traded, amount to 26,142 units versus 95,844 units on Tuesday.
The leading volume trades in the market are, Barita Investments traded 53,759 shares at $5.20, Cable & Wireless had 197,375 units traded down to 70 cents, Jamaica Stock Exchange traded 77,587 units at $5.69, Radio Jamaica traded 70,856 units at $1.30 and JMMB Group 7.2% preference share traded at $1.08 with 112,697 units changing hands.
At 10:45 am the all Jamaica Composite Index rose 17.56 points to 193,066.37, the Jamaica Stock Exchange Market Index climbed 15.71 points to 173,677.46, the Jamaica Stock Exchange combined index gained 248.03 points to close at 186,033.87 and the junior market index rose 22.72 points to end at 2,430.40.
Subsequent to 10:45 AM Jamaica Producers Group traded 2,863,910 shares at $8.30.
3rd consecutive record close for JSE
Trading in NCB’s shares helped to push the JSE to a record close on Tuesday.
At the close of trading the All Jamaica Composite Index climbed 369.13 points to close at a new closing high of 193,048.81 with the year to date gains at 16 percent. The JSE Market Index rose 378.06 points to finish at 173,661.75, a new closing high and the JSE combined index gained 229.67 points to end at 185,785.84 with a gain for the year to date of 18 percent.
At the close with 7,367,774 units valued at $196,760,012 changed hands, compared to 748,476 units valued at $7,664,842 changing hands on Monday.The junior market accounted for 215,605 units trading valued at $946,789 of the stocks traded.
The average trade for the day in the main market ended at 376,430 and 230,425 units month to date. On Monday, an average of 35,184 units traded and for the month to date, 84,420 units, in comparison the average for the October was 220,811 units.
The market closed with 33 securities trading as the prices of 13 gained while 14 declined in the overall market, including 6 stocks rising and 6 falling, in the junior market.IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 16 stocks with bids higher than their last selling prices and just 2 with lower offers.
In market activity, Barita climbed 45 cents in trading 10,000 shares to end at $4.95, Cable & Wireless lost 1 cent to close at 78 cents with 130,610 units trading, Carreras exchanged 440,140 shares at $66 to gain 50 cents, Grace Kennedy ended trading 17,960 units at $40.06. Jamaica Broilers rose 4 cents and closed at $14.99 with 8,205 shares changing hands, Jamaica Producers lost 15 cents and closed at $8.20 with 264,007 shares changing owners. Jamaica Stock Exchange traded 20,600 shares at $5.69, JMMB Group closed trading with 515,685 shares to end with a decline of 35 cents at $13.65,
National Commercial Bank dropped $2.80 to end at $49.20 with 2,480,934 shares trading, PAN JAM Investments traded 102,200 shares but lost 64 cents to end at $24. Sagicor Group had 327,527 shares changing hands and rose 89 cents to close at $25, Scotia Group lost 30 cents in trading 135,304 shares to close at $31.21, Seprod gained $1 in trading 246,492 shares to end at $27. Supreme Ventures lost 15 cents in trading 2,014,900 shares at $4.80, Proven Investments ordinary share traded 7,252 units and ended at 19.49 US cents and Jamaica Money Market Brokers 7.50% preference share traded 425,478 units at $2.10.
Junior market drops sharply – Tuesday
Paramount Trading dropped sharply on Tuesday to help pull the junior market down..
The volume of stocks traded dropped sharply on Tuesday with the volume rose moderately by 16 percent from Monday’s level and ending with just 215,605 units changing hands, valued at $946,789, down 25 percent from $1,256,517 on Monday.
Market activities ended with 8 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
An average of 16,500 units with an average value of $67,628 traded, compared to 20,615 units with an average value of $139,613 on the preceding trading day. The average for the month to date is 115,706 units for an average of $674,569 compared to 122,319 units valued at $715,032 on Monday and 129,138 units with an average value of $709,705 for October.
In trading activity, Honey Bun with 14,554 shares changing hands, but rose 3 cents to end at $5.63, Iron Rock Insurance dropped $1.10 cents in trading 5,00 units to close at $3, ISP Finance rose 22 cents to end at an all-time high of $7.25 with just 2,000 shares changing hands, Jamaican Teas traded 2,900 shares to close at $3.99. Jetcon Corporation fell 30 cents and closed with 10,400 units changing hands at $4.90, KLE Group declined 5 cents and ended with 4,000 shares trading at $1.50, Knutsford Express lost $2 in trading 485 shares to close at $20, Lasco Distributors rose 40 cents with 26,785 shares changing hands, to close at $6.90.
Lasco Financial gained 8 cents and ended with 18,751 shares changing hands at $3.08, Lasco Manufacturing lost 9 cents and closed at $4.71 with 44,400 shares changing hands, Paramount Trading dropped 45 cents with 53,334 units changing hands to close at $3.50. tTech rose 55 cents and ended with 11,996 shares changing hands at $5.75, Derrimon Trading preference share rose 15 cents ending with 20,500 units changing hands to close at $2.25 and Eppley 9.5% preference share, traded 500 units at $6.18.
Witco pulls in $7.5m on TTSE
Witco had the largest dollar trade on the TTSE on Tuesday.
Trading activity closed with 1,012,187 shares changing hands with a value of $20,846,037, in contrast to Monday’s volume of 453,888 with a value of $6,111,495.
The Composite Index gained 0.44 points to 1,190.82 points, the All T & T Index closed 0.87 points higher to 1,804.52 points, but down 7.39 percent year to date and the Cross Listed Index closed unchanged at 77.15 points and remained with the year to date gains of 55.83 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Guardian Holdings gained 44 cents to close at $13 with 742,704 shares changing hands valued at $9,655,042.
< Strong> Losses|Massy Holdings lost 1 cent with 5,843 shares changing hands to close at $58.43, Trinidad & Tobago NGL closed at $22.54, a loss of 7 cents with 13,202 shares changing hands and Trinidad Cement lost 15 cents to close at $3.25, with 4,500 shares changing hands.
Firm Trades | Angostura Holdings with 150,473 shares changing hands, closed at $15.50 with a value of $2,332,332, Clico Investment Fund closed at $22.60 with 20,800 shares changing hands, First Citizens closed at $33.01 with 605 shares changing hands, First Caribbean International Bank closed at $8.50 with 1,155 shares changing hands. Guardian Media closed at $19 with 6,443 shares changing hands, National Enterprises closed at $10.55 with 6,000 shares changing hands, Prestige Holdings, with 602 shares changing hands, closed at $11. Scotiabank closed at $58.72 with 500 shares changing hands and Witco closed at $126.80 with 59,360 shares changing hands valued at $7,526,848, Witco will make a dividend payout of $1.44 per share on November 24.
JSE main market up Juniors down
Trading on the Jamaica Stock Exchange resulted in the main market rising but the junior market slipping in early Tuesday morning activity.
A total of 19 securities traded of which 6 advanced and 7 fell and resulting in a volume of just 1,821,034 shares changing hands carrying a value of a $62,254,541 compared with 351,677 shares changing hands with a value of $1,089,793 on Monday. The average number of shares traded amount to 95,844 units versus 29,306 units on Monday.
The leading volume trades in the market are, National Commercial Bank lost $1 in trading 932,752 units at $51, JMMB Group traded 502,800 units at $13.60 after falling 40 and Sagicor Group traded 114,403 units at $24.45.
At 10:45 am the all Jamaica Composite Index rose 552.25 points to 193,231.93, the Jamaica Stock Exchange Market Index climbed 483.81 points to 173,825.65, the Jamaica Stock Exchange combined index gained 141.16 points to close at 186,079.65 and the junior market index slipped 30.83 points to a new high of 2,421.50.
Junior market falls on Monday
The junior market index fell 11.77 points to end at 2,452.33 on Monday as the prices of just 1 stock rose and 6 declined with 9 securities trading, down from 17 on Friday. The gain for the junior market index for the year to date ended at 37 percent.
The volume of stocks traded dropped sharply on Monday with the volume dropped sharply by 88 percent from Friday’s level and ending with just 185,535 units changing hands, valued at $7,836,091, up 84 percent from $1,256,517
on Friday.
Market activities ended with 6 securities closing with bids higher than their last selling prices and 6 ending with lower offers.
An average of 20,615 units with an average value of $139,613 traded, compared to 93,495 units with an average value of $460,947 on the preceding trading day. The average for the month to date is 122,319 units for an average of $715,032 compared to 129,584 units valued at $756,133 on Friday and 129,138 units with an average value of $709,705 for October.
In trading activity, AMG Packaging fell $1.59 and closed with 25,415 units changing hands at $18.51, 
Caribbean Cream with 62,000 shares changing hands, rose 5 cents to close at $7.25, Consolidated Bakeries lost 10 cents in trading 2,000 shares to close at $2.30, Honey Bun with 23,868 shares changing hands, but lost 40 cents to end at $5.60. Jamaican Teas traded 4,449 shares and fell 11 cents to close at $3.99, KLE Group declined 5 cents and ended with 21,460 shares trading at $1.55. Lasco Financial ended with 44,000 shares changing hands at $3, Lasco Manufacturing closed at $4.80 with 882 shares changing hands and tTech lost 55 cents and ended with 1,450 shares changing hands at $5.20.
Jamaican$ ends mixed on Monday
The Jamaican dollar loss value moderately in foreign exchange trading on Monday against the United states and Canadian dollars and the euro but rose versus the pound sterling, but the the local dollar remains fairly stable against the US dollar. Dealers bought the equivalent of US$45,464,411 of all currencies and sold US$38,304,518, compared to US$35,239,711 purchased and US$31,681,608 sold on Friday.
In US dollar trading, dealers bought US$41,399,410 compared to US$31,869,568 on Friday. The buying rate for the US dollar slipped 24 cents to close at $128.25.
A total of US$35,949,113 was sold versus US$30,119,910 on Friday, with the selling rate rising 2 cents to $129.09. The Canadian dollar buying rate rose 97 cents to $93.60, with dealers buying C$3,290,638 and selling C$2,267,374 at an average rate that climbed 58 cents to $95.89. The average rate for buying the British Pound dipped $1.09 to $156.04 for the purchase of £1,190,698 while £302,726 was sold with a fall of $1.06 to end at $158.37.
At the end of trading on Monday, dealers sold €271,014 with the selling rate for the Euro, closing with a rise of $2.25 to $139.76, according to data from Bank of Jamaica. Dealers purchased €198,442 of the European common currency at $131.81 after falling $1.22.
The US dollar equivalent of other currencies traded, amounts to US$10,670 being bought and selling of US$6,359.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded currencies, in the foreign exchange market on Monday, include a rise in the highest buying rate for the Canadian dollar by 87 cents to $97.70. The lowest buying rate for the British Pound dived $1.41 to $128.65, the highest selling rate dropped $1.84 to $167.40, while the lowest selling rate lost $1 to $154. The lowest buying rate for the Euro fell $1.45 to $110.39 and highest selling rate jumped $3.59 to $143.64.
Witco & Angostura dominate trading
Angostura Holdings traded TT$2.6 million in shares.
Trading dipped marginally with prices for the majority of traded stocks remaining unchnaged. The market closed with 13 securities changing hands compared with 10 on Friday. At the close, 2 stock advanced, 3 declined, 8 traded unchanged and 2 stocks at a 52-week high.
Trading activity closed with 453,888 shares changing hands with a value of $6,111,495, in contrast to Friday’s volume of 300,540 with a value of $6,639,919.
The Composite Index declined 0.14 points to 1,190.38 points, the All T & T Index closed 0.28 points lower to 1,803.68 points, down 7.43 percent year to date and the Cross Listed Index was unchanged, closing at 77.15 points and holding ground at 55.83 percent for 2016.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 5 stocks with bids higher than their last selling prices and 5 with lower offers.
Gains| JMMB Group gained 1 cent and closed at 91 cents with 213,540 shares changing hands and Massy Holdings, with only 10 shares changing hands, gained 1 cent to close at $51.
< Strong> Losses|Scotiabank lost 1 cent with 866 shares changing hands to close at $58.72, Trinidad & Tobago NGL lost 3 cents to close at $22.61 with 100 shares changing hands and West Indian Tobacco closed at
$126.80, down 10 cents with 20,451 shares changing hands with a value of $2,593,187.Firm Trades | Angostura Holdings with 168,184 shares changing hands, closed at $15.50 with a value of $2,606,852, Clico Investment Fund closed at $22.60 with 10,100 shares changing hands, First Citizens closed at $33.01 with 940 shares changing hands, First Caribbean International Bank closed at $8.50 with 6,000 shares changing hands. National Enterprises closed at $10.55 with 29,290 shares changing hands with a value of $309,011, Prestige Holdings, with 1,339 shares changing hands, closed at $11, Republic Financial Holdings closed at $109 with 68 shares changing hands and Sagicor Financial held firm at $7.50 with 3,000 shares changing hands.
NCB pushes JSE to another record close
NCB rises by $2.50 on the JSE.
At the close of trading the All Jamaica Composite Index climbed 422.80 points to close at a new closing high of 192,679.68 with the year to date gains at 16 percent. The JSE Market Index rose 378.06 points to finish at 173,331.69 and the JSE combined index gained 229.67 points to end at 185,938.49 with a gain for the year to date of 18 percent.
At the close with a mere 748,476 units valued at $7,664,842 changed hands, compared to 3,262,803 units valued at $38,639,306 changing hands on Friday. The junior market accounted for 1,589,420 units trading valued at $7,836,091 of the stocks traded.
The average trade for the day in the main market ended at 35,184 and 84,420 units month to date.
On Friday, an average of 76,063 units traded and for the month to date, 133,657 units, in comparison the average for the October was 220,811 units.The market closed with 25 securities trading as the prices of 6 gained while 10 declined in the overall market, including 1 stock rising and 6 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 16 stocks with bids higher than their last selling prices and just 9 with lower offers.
In market activity, Berger Paints traded 18,000 shares to end at $5.60, Cable & Wireless lost 1 cent to close at 79 cents with 228,318 units trading,
Grace Kennedy ended trading only 2,400 units at $40, Jamaica Producers rose 5 cents and closed at $8.35 with 104,473 shares switching owners. JMMB Group closed trading with 4,703 shares to end with a rise of 20 cents at $14, Kingston Wharves traded 5,632 shares to close at $18.80, National Commercial Bank gained $2.50 with 12,375 shares trading, Sagicor Group had 46,371 shares changing hands and fell 39 cents to close at $24.11. Scotia Group rose 1 cent in trading 53,000 shares to close at $31.51, Seprod dropped $1.40 in trading 9,250 shares to end at $26 Supreme Ventures traded 21,000 shares at $4.95 and Proven Investments ordinary share traded 46,750 units and ended at 19.50 US cents.
Slow start for JSE – Monday
Trading on the Jamaica Stock Exchange is off to a slow start in early Monday morning activity with just a few securities being active with limited volume.
A total of 12 securities traded of which 5 advanced and 3 fell and resulting in a volume of just 351,677 shares changing hands carrying a value of a mere $1,089,793 compared with 753,463 shares changing hands with a value of $6,280,546 on Friday. The average number of shares traded amount to 29,306 units versus 26,909 units on Friday.
The leading volume trades in the market are, Cable & Wireless traded 223,321 shares at 79 cents and National Commercial Bank gained 50 cents in trading 10,475 units at $50.
At 10:45 am the all Jamaica Composite Index rose 537.67 points to 192,794.55, the Jamaica Stock Exchange Market Index climbed 480.78 points to 173,434.41, the Jamaica Stock Exchange combined index gained 431.69 points to close at 186,140.51 and the junior market index slipped 1.38 points to a new high of 2,462.72.
