The Jamaica Stock Exchange market stocks indices fell 
slightly on Monday morning trading with moderate volume in all markets.
At 11 am, a total of just 22 securities traded, resulting in a volume of 621,667 shares changing hands, carrying a value of $3,693,105, compared to 423,544 shares changing hands with a value of $4,545,931 on Friday.
The average number of shares traded on Monday by mid morning, amounts to 28,258 units compared to 16,290 on Friday. Market activity resulted in 3 stocks falling while the prices of 7 securities rose, including AMG Packaging that traded 5,000 shares with $1.50 gain to $19 and a 49 cents rise in the price of JMMB Group to $15.
The all Jamaica Composite Index fell 75.37 points to 186,768.70, the Jamaica Stock Exchange Market Index fell 67.40 points to 168,046.21, the Jamaica Stock Exchange combined index slipped 72.38 points to close at 181,007.07 and the junior market index declined 0.96 points to 2,449.42.
JSE slips in early trading – Monday
Pan Jam director sells 2.5m shares
There are times when trading by insiders may be significant and investors would be smart to take note of it. A recent trade in Pan Jamaican Investment Trust shares by a director seems to be worthy of note.
The company this week informed the Jamaica Stock Exchange that a Director sold 2,508,590 of the company’s shares on September 30.
The sale comes against the back ground that Pan Jamaican reported net profit attributable to owners for the quarter ended June of $867 million, compared to $853 million in the similar quarter of 2015, a mere increase of 2 percent, equivalent to basic earnings per share of 83 cents. Net profit attributable to owners for the six months ended June 30, amounted to $1,589 million, compared to $1,395 million for 2015, an increase of 14 percent, equivalent to earnings per stock unit of $1.50 compared to $1.33 for the same period in 2015.
The year to date net profit, includes the impact of a gain of $185 million realized on the sale of the group’s interest in Hardware & Lumber during the first quarter of 2016.
5 rise 3 fall on TTSE – Friday
FirstCaribbean traded at a new 52 weeks’ high on Friday.
The market closed with modest movements in the indices and ended with 5 stocks gaining, 3 declining and 6 remaining unchanged as 14 securities traded.
The Composite Index rose 6.44 points to close at 1,171.59, the All T&T Index gained 1.68 points to close at 1,819.56 and the Cross Listed Index grew by 1.53 points to 69.82 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 4 stocks with bids higher than their last selling prices and 2 with lower offers.
Gains| Ansa Merchant Bank traded 200,000 units for a value of $8,002,000 and gained 1 cent to end at $40.01, Firstcaribbean International Bank ended trading 5,000 shares and closed with a rise of 31 cents at a 52 weeks’ high of $7.65. JMMB Group gained 2 cents to end with 100,000 shares changing hands to close at a 52 weeks’ high of 73 cents, Praetorian Property Mutual Fund ended with 87,800 shares changing hands to close at $2.65 after rising 5 cents and Trinidad Cement had 7,300 shares changing hands and rose 25 cents to close at $3.50.
Losses| Asna McAl traded 15,000 shares valued at $940,200 and lost 2 cents to end at $62.68,
Calypso Macro Index Fund dropped 1 cent while trading 20,000 units valued at $439,725 to end at 52 weeks’ low of $21.99 and Guardian Holdings traded 13,540 shares with the price closing at $12.60 after falling 2 cents.Firm Trades| Agostini’s traded just 70,556 shares valued at $1,220,619 to end at $17.30, Clico Investment Fund closed with 4,955 shares changing hands to end at $22.60, Massy Holdings ended with 7,668 shares with a value of $398,733 changing hands to end at $52. National Commercial Bank ended with 175,370 shares being traded for $457,800 with the price closing at $2.60, Trinidad and Tobago NGL closed at $23.65 with 20,925 units changing hands and Unilever traded 10,775 shares valued at $646,500 at $60.
US$8.5m surplus leads to J$ fall – Friday
The Jamaican foreign exchange market delivered another big net take with US$11 million net intake for all currencies with the united States dollar delivering a surplus of $8.5 million. The increase net inflows did not prevent the Jamaican dollar from falling as the rate to purchase the US dollar increased.
Friday’s net inflows brought the excess for the week to US$41 million, with each day of the week generating surpluses. At the end of trading, the equivalent of all currencies bought by dealers amounted to US$44,607,197, while US$33,628,271 was sold compared to US$25,142,251 purchased and US$21,013,454 sold on Thursday.
In US dollar trading, dealers bought US$39,865,665 compared to US$21,513,397 on Thursday. The buying rate for the US dollar climbed 35 cents to close at $127.81. 
A total of US$31,296,438 was sold versus US$18,393,384 on Thursday, with the selling rate rising 9 cents to end at $128.37. The Canadian dollar buying rate fell $1.03 to $95.80, with dealers buying C$1,797,979 and selling C$1,566,519 at an average rate that fell 17 cents to $97.38. The average rate for buying the British Pound fell 26 cents to $159.48 for the purchase of £1,948,854 while £760,078 was sold at a rate that dipped $1.56 to end at $161.63.
At the end of trading, dealers sold €162,090 as the selling rate for the Euro, closed at $144.97 for fall of $2.12 from Thursday’s rate, according to data from Bank of Jamaica. Dealers purchased €856,872 of the European common currency at $142.26 after rising $2.61 from the rate on Thursday. The US dollar equivalent of other currencies traded, amounts to US$8,518 being bought and selling of US$3,345.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded currencies in the foreign exchange market on Friday, include a jump of $21.08 in the lowest selling rate of the US Dollar to end at $125. The highest buying rate of the Canadian dollar dropped $2.70 to $97.80, while the highest selling rate dived $3.70 to $101 and the lowest selling rate rose $1 to $93. The highest buying rate of the British Pound nosedived $7.80 to $162.85, the lowest buying rate dropped $4.40 to $130.31, the highest selling rate collapsed by $5.72 to $169.56 and the lowest selling rate dived $5 to $155.50. Trading in the Euro resulted in a fall in the highest buying rate of $2.20 to $142.80 and the lowest selling rate jumped $20.87 to $135.40.
Majors jump to new high – Friday
Seprod closed at 52 weeks’ high on Friday of $22.60.
Stocks hit new highs in trading on the Jamaica Stock Exchange at the close on Friday with the all Jamaica Composite Index leaping 1,691.30 points to close at 186,844.07, for an 11.6 percent rise for the year to date. Market ended with 38 securities trading, the prices of 12 gained while 14 declined in the overall market, including just 1 stock rising and 7 falling, in the junior market.
At the close, the JSE Market Index jumped 1,512.33 points to a record close of 168,113.61 and the JSE combined index surged 1,476.85 points, to end at 181,079.45.
The market is surging to new highs on limited volumes, not an unusual development in the early phase of a bull market as selling is reduced and buyers try to get stocks close to recent traded prices. At the close 2,319,114 units valued at $26,904,029 changed hands, compared to 6,736,290 units valued at $38,657,160 changing hands on Thursday. The junior market accounted for 952,581 units valued at $6,200,775 of the stocks traded.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks with bids higher than their last selling prices and 4 with lower offers.In market activity, Barita Investments traded just 1,600 shares and fell 44 cents to close at $4.15, Cable & Wireless dropped 5 cents to close at 91 cents with 122,819 units trading, Caribbean Cement rose 40 cents in trading 1,500 shares to close at $31.10. Carreras gained 97 cents with 1,014 shares changing hands at $66, trading in 1834 Investments ended with a loss of 1 cent with 4,248 shares changing hands to close at $1.23, Grace Kennedy closed with 20,781 shares changing hands at $42, Jamaica Producers ended with 4,240 shares changing hands to close at $8.40. Jamaica Stock Exchange rose $1.49 and ended at $28.49 while trading 7,320 shares, JMMB Group lost 4 cents in trading 63,110 units to close at $14.51, Kingston Wharves rose 45 cents in trading 1,070 shares to close at $17.50. Mayberry Investments traded 3,360 shares to close with a gain of 10 cents at $3.60,
National Commercial Bank traded 15,699 shares and rose 65 cents to end at $42.25, trading in 138 Student Living ended with shares trading with a gain of 20 cents at $4.70, Pan Jamaican Investments lost 10 cents to close at $23.40 after trading 17,780 shares. Radio Jamaica rose 5 cents in trading 10,000 shares to close at $1.70, Sagicor Group traded 115,109 shares to end at $23.85, Sagicor Real Estate Fund traded 19,374 shares to close at $10.18 with a rise of 6 cents, Scotia Group jumped $2.18 to close at $32.19 with 737,828 shares changing hands. Scotia Investments had 1,992 units changing hands to close at $27, with a fall of $3, Seprod traded 100,00 shares to close with a gain of 60 cents at a 52 weeks’ high of $22.60, Sterling Investments closed at a 52 weeks’ high of $15 with 9,889 shares trading, JMMB Group 7.50% preference share traded 53,00 units to end at $1.10.
Juniors squeeze out a record – Friday
Paramount traded at a new high on Friday with a gain of $2.50.
At the close, 1 stock rose and 7 declined out of 12 securities trading, including two closing at new highs. Trading slipped from Thursday’s levels, ending with 952,581 units changing hands, 46 percent lower than on Thursday, while value traded, dropped 13 percent to $6,200,775 from $7,158,594, on Thursday.
Market activities ended with 4 securities closing with bids higher than their last selling prices and 2 ending with lower offers.In market activity, Cargo Handlers that will split its stock 10 for 1, effective October 22 has not traded since September 12 when it closed at $86.10. The stock closed with the bid at $87.05 to buy 2,010 units at the close of trading with an offer at $90 to sell 45,551 units.
In trading activity, Caribbean Cream gave back 10 cents with 339,094 shares changing hands to end at $9.30, Caribbean Flavours closed with the price falling 99 cents in trading 2,600 units at $8. Caribbean Producers remained unchanged in trading 85,306 units to end at $3.50.
Consolidated Bakeries traded 33,310 shares to close at $2.50, Derrimon Trading lost 9 cents and closed with 174,323 units changing hands at $3.51, Honey Bun traded 30,861 shares at $6.10. Jamaican Teas traded 16,761 shares to close at $3.90 after falling by 10 cents, Lasco Distributors lost 2 cents with 164,221 units trading, at $7.50, Lasco Financial ended with 10,000 shares changing hands at $3.22. Lasco Manufacturing closed at $5 with 20,000 shares trading, Paramount Trading closed with a gain of $2.50 at a 52 weeks’ high of $24.50 with only 150 shares changing hands and tTech traded 75,955 with a loss of 58 cents to end at $5.
Juniors jump to another new record
Junior market stocks are trading in record territory in early morning session on the Jamaica Stock Exchange with Lasco Distributors rising to $7.85. Main market stock slipped with Scotia Investments falling from $30 to $27 on a day of moderate volumes.
Up to 10:45 am, JMMB Group traded 12,790 units at a 52 weeks’ high of $15 and Paramount Trading had 150 shares changing hands at a new all-time high of $24.50. Cable & Wireless had 100,000 shares changing hands with a loss of 4 cents at 92 cents, Caribbean Cream fell 40 cents and last traded at $9.10 with 35,000 units changing hands, Honey Bun traded 29,651 unit at $6.15 and Lasco Distributors gained 33 cents in trading 51,000 shares at $7.85.
A total of 26 securities traded, resulting in a volume of 423,544 shares changing hands carrying a value of $4,545,931, compared to 821,407 shares changing hands carrying a value of $7,914,772 on Thursday. The average number of shares traded amounts to 16,290 units compared to 27,380 on Thursday. Market activity resulted in 8 stock falling while the prices of 9 securities rose.
The all Jamaica Composite Index fell 136.42 points to 185,016.35, the Jamaica Stock Exchange Market Index fell 121.98 points to 166,479.30, the Jamaica Stock Exchange combined index climbed 186.03 points to close at 179,788.63 and the junior market index gained 29.13 points to a record 2,472.28.
Declining stocks hold upper hand – Thursday
The Jamaica Stock Exchange made some modest gains on Thursday with trading closed with 44 securities trading as the prices of 12 gained while 14 declined in the overall market, including 4 stocks rising and 4 falling, in the junior market.
At the close 6,736,290 units valued at $26,904,029, changed hands, compared to 4,936,602 units valued at $80,553,639 changing hands on Wednesday. The junior market accounted for 1,753,530 units valued at $7,158,594 of the stocks traded.
At the close, the JSE Market Index rose 155.60 points to end at 166,601.28. The all Jamaica Composite Index close higher by 174.02 points to close at 185,152.77 and the JSE combined index rose 254.44 points, to end at 179,602.60.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 10 stocks with bids higher than their last selling prices and 3 with lower offers. 
In market activity, Barita Investments traded 203,167 shares and gained 49 cents and close at $4.59, but with a small amount trading at the closing price and with the average price at $4.01, Cable & Wireless gained 6 cents to close at 96 cents with 170,464 units trading, Caribbean Cement rose 20 cents in trading 6,992 shares to close at $30.70. Carreras gained 3 cents with 918 shares changing hands at $65.03, trading in 1834 Investments ended with 24,000 shares changing hands to close at $1.24, Grace Kennedy closed with 69,734 shares changing hands at $42 after falling 45 cents, Jamaica Producers ended with 991 shares changing hands to close at $8.40. Jamaica Stock Exchange lost 40 cents and ended at $27 while trading 31,435 shares, JMMB Group climbed 54 cents in trading 111,604 units to close at a 52 weeks’ high of $14.55,
Kingston Properties lost 12 cents in closing at $9 with 14,000 shares changing hands, Kingston Wharves lost 45 cents in trading 26,495 shares to close at $17.05. Mayberry Investments traded 8,619 shares to close with a loss of 20 cents at $3.50, National Commercial Bank traded 7,764 shares and declined 40 cents to end at $41.60, Pan Jamaican Investments gained 10 cents and closed at $23.50 after trading 7,800 shares. Portland JSX traded 6,435 shares and fell 30 cents to $11. Radio Jamaica lost 5 cents in trading 101,020 shares to close at $1.65, Sagicor Group traded 56,722 shares and rose by 4 cents to end at $23.85, Scotia Group closed at $30.01 with 173,539 shares changing hands. Scotia Investments had 2,000 units changing hands to close at $30, Supreme Ventures closed at $4.80 with 49,928 shares, JMMB Group 7.50% preference share traded 3,426,600 units after falling 9 cents to end at $1.10 and Jamaica Money Market Brokers 7.50% preference share traded 473,670 units at $2.10.
Juniors up 36% in 2016 to new record
ISP Finance gained 250% to a new high of $7 & helped the JM to a 36% gain for 2016.
Trading slipped from Wednesday’s levels, ending with 1,753,530 units changing hands, 12 percent lower than on Wednesday, while value traded, dropped 31 percent to $7,158,594 from $10,428,547, on Wednesday.
Market activities ended with 4 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
In market activity since trading on September 12 at $86.10, Cargo Handlers has still not traded with the bid at $88 to buy 207 units. The stock is on offer at $90 to sell 45,551 units.
The stock will be split 10 for 1 stock, effective October 22.In trading activity, AMG Packaging closed with a fall of 5 cents at $17.50 with 889 units changing hands, Blue Power gave up 25 cents in trading just 100 shares at $24.75, Caribbean Cream gave back 60 cents with 58,577 shares changing hands to end at $9.40, Caribbean Flavours closed with the price unchanged in trading 12,000 units at $8.99. Caribbean Producers remained unchanged in trading 1,065,000 units to end at $3.50. C2W Music closed with 10,000 units changing hands to close at 24 cents, Consolidated Bakeries gained 10 cents in trading 841 shares to close at $2.50,
General Accident Insurance closed with 225,500 units changing hands at $2.65, Honey Bun traded 60,800 shares at $6.10. ISP Finance traded 51,809 shares and gained 39 cents, to close at an all-time high of $7, Jamaican Teas traded 7,145 shares to close at $4, Knutsford Express closed at $24 with 100 units, Lasco Distributors gained of 2 cents with 103,000 units traded, at $7.52, Lasco Financial lost 13 cents and ended with 126,185 shares changing hands at $3.22. Lasco Manufacturing closed at $5.10 with 27,584 shares trading and Paramount Trading closed with a gain of $2.50 at a 52 weeks’ high of $22 with 2,000 shares changing hands.
4 rise 3 fall on TTSE – Thursday
Keith Duncan, Group Chief Executive Officer of JMMB that closed at a new high on the TTSE.
The market closed with modest movements in the indices and ended with 4 stocks gaining, 3 declining and 8 remaining unchanged as 15 securities traded.
The Composite Index rose 1.23 points to close at 1,165.13, the All T&T Index gained 2.11 points to close at 1,817.88 and the Cross Listed Index inched 0.05 points to 68.29 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 6 stocks with bids higher than their last selling prices and 1 with a lower offer.
Gains| Angostura Holdings ended with 110 shares changing hands to close at a 52 weeks’ high of $14.56 after rising 1 cent, JMMB Group gained 1 cents to end with 780,541 shares with a value of $554,178 changing hands to close at a 52 weeks’ high of 71 cents. National Enterprises closed with 127 shares changing hands at $10.16 after gaining by 1 cent and Scotiabank climbed 26 cents and closed with 1,100 shares changing hands at $58.25.
Losses| Guardian Holdings traded 3,290 shares with the price closing at $12.62 after falling 8 cents and Massy Holdings lost 3 cents and ended with 39,836 shares value of $2,071,472 changing hands to end at $52 and 60 and West Indian Tobacco traded 50 shares but lost 2 cents to close at $127.05.Firm Trades| Ansa Merchant Bank traded 1,056 units to end at $40, Clico Investment Fund closed with 10,666 shares changing hands to end at $22.60, National Flour ended with 45,643 shares changing hands at $2.58, Republic Financial Holdings traded 1,000 units to end at $111. Sagicor Financial Corporation closed with 300 shares changing hands at $7.01, Scotia Investments had 52,330 shares changing hands and rose 5 cents to close at $1.80, Trinidad and Tobago NGL closed at $23.65 with 422 units changing hands and Trinidad Cement had 150,142 shares changing hands to close at $3.25.
