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.

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

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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Subdued trading sinks JSE index – Thursday

February 15, 2018 by

Market activity closed on The Jamaica Stock Exchange on Thursday with 28 securities changing hands, as the prices 11 rose 11 declined and 6 traded unchanged as 3,856,461 shares valued at a mere $40,581,082 changed hands.
The JSE All Jamaican Composite Index fell 1,047.87 points to 316,926.39 and the JSE Index declined by 954.73 points to 288,755.78.
In the main market activity, Barita Investments ended at $8.45, with 750 stock units, Berger Paints closed with a loss of 1 cent at $17.99, with 350 shares, Cable & Wireless concluded trading 5 cents higher at $1.38, with 107,631 units, Carreras finished at $10.95, with 200,655 shares, Caribbean Cement settled 48 cents higher at $30.50, with 11,062 shares. Ciboney Group ended trading with a loss of 8 cents at $0.31, with 482,108 shares, Grace Kennedy traded at $43, with 493 stock units, Jamaica Broilers finished trading with a loss of 15 cents at $18.05, with 500 units, Jamaica Producers closed $1.87 higher at $17.47, with 34,606 shares. Jamaica Stock Exchange ended 49 cents higher at $6.99, with 279,870 shares, JMMB Group concluded trading 48 cents higher at $25, with 207,833 shares, Kingston Properties finished at $6, with 2,500 stock units, Kingston Wharves settled with a loss of 1.60 cents at $41, with 1,761 units. Mayberry Investments ended trading 90 cents higher at $6.05, with 125,353 shares, NCB Financial Group traded 80 cents higher at $99.80, with 23,974 shares, 138 Student Living ended with a loss of 15 cents at $6, with 350 shares, PanJam Investment ended with a loss of 1.80 cents at $40.05, with 3,326 units, Pulse Investments finished at $1.80, with 2,985 shares. Radio Jamaica settled with a loss of 5 cents at $1, with 745,339 shares, Sagicor Group ended trading 10 cents higher at $35.60, with 336,636 stock units, Sagicor Real Estate Fund ended trading 5 cents higher at $14.90, with 62,225 shares. Salada Foods traded with a loss of 56 cents at $9.95, with 1,000 units, Scotia Group finished trading with a loss of 1.45 cents at $50.55, with 36,870 shares. Seprod closed at $29.60, with 1,200 shares, Supreme Ventures concluded trading 1 cent higher at $12, Victoria Mutual Investments with 57,209 stock units, finished 5 cents higher at $4.20, with 177,360 units, Wisynco Group settled with a loss of 6 cents at $10.69, with 905,215 shares and in the main market preference segment, JMMB Group closed with a loss of 1 cent at $1.02, with 47,300 shares, 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 “JSE in big rise again – Thursday.”

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Treasury bill rates plummet

February 15, 2018 by

Interest rates on Government of Jamaica Treasury bills reached their lowest levels in decades with the latest round of treasury bills falling sharply as $9.1 billion dollars chased after the limited amount of $1.8 billion on offer in three tranches.
The 91 day bills cleared at an average of 3.35 percent, down from 3.99 in January, the 182 days instrument ended at 3.593 percent, a fall from 4.16 percent from the average rate in January and the 9 months bill closed at an average of 4 percent. The sharp fall comes against the background of zero inflation rate in January and with no planned tax increase ahead the next few months could continue to see very low inflation.
The decline has implications for a wide array of developments in the wider economy and should herald a general fall in interest rates across the board over the coming months. Rates look as if they will fall further to around 3 percent where they could settle for some time.

Filed Under: Breaking News, Economy, Feature Stories

Junior Market gained on Thursday

February 15, 2018 by

AMG Packaging traded 3,571,405 stock units

Trading on the Junior Market of the Jamaica Stock Exchange ended with the prices of 7 securities advanced, 11 declined and 3 remained unchanged and the Market Index advancing 25.21 points to close at 2,925.60.
The market closed with 21 securities changing hands, resulting in 4,506,090 shares valued at $11,225,879 trading, compared to 18 securities trading on Tuesday with 11,208,712 units valued at $124,643,001 securities changing hands.
Trading ended with an average of 214,576 units for an average of $434,566 in contrast to 622,706 units for an average of $6,924,611 on Tuesday. An average of 199,377 units at an average value of $1,616,445 traded, and previously 197,679 units at an average value of $1,737,294. In contrast, January closed with an average of 122,386 shares, valued at $489,704 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with the bid higher than the last selling price and 4 with lower offers.
At the close of the market, AMG Packaging ended with a loss of 50 cents at $2, with 3,571,405 stock units trading, Blue Power fell 20 cents to $33.80, with 114 units, Cargo Handlers settled at $10.90, with 4,345 shares, Caribbean Producers finished trading with a loss of 27 cents at $4.20, with 100,000 units changing hands, Dolphin Cove finished $1.50 higher at $18.50, with 200 stock units. Eppley settled with a loss of $2.02 at $10.50, with 17,000 units, Express Catering ended trading at $4.60, with 107,000 shares, FosRich Group traded with a loss of 5 cents at $2.50, with 78,106 shares, General Accident finished trading 5 cents higher at $2.85, with 101,500 shares. GWest Corporation closed with a loss of 15 cents at $2.75, with 422 stock units, Honey Bun ended with a loss of 30 cents at $5.10, with 31,804 units trading, Jamaican Teas settled with a loss of 10 cents at $4.50, with 10,170 shares, Jetcon Corporation ended trading at $4.21, with 44,795 stock units. Key Insurance traded 20 cents higher at $4, with 79,101 units after the company posted improved full year results. KLE Group finished trading 10 cents higher at $2.30, with 5,000 shares, Knutsford Express closed $1.50 higher at $13.50, with 300 shares, Lasco Distributors ended with a loss of 4 cents at $4.46, with 26,620 shares. Lasco Financial concluded trading 11 cents higher at $5.21, with 26,133 stock units, Lasco Manufacturing finished at $4.50, with 106,231 units, Stationery and Office finished trading 50 cents higher at $5, with 195,555 stock units trading as demand climbed for the stock following days of little buying interest and tTech ended with a loss of 40 cents at $5.60, with 289 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.

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

Kingston Wharves jumps $5.55 to new high

February 13, 2018 by

Kingston Wharves jumped $5.55 to a record close on Tuesday.

Kingston Wharves closed at a new record high at the close of trading on Tuesday the Jamaica Stock Exchange with the price jumping sharply by $5.55 to $42.60, with 7,763 shares changing hands, the move helped the main market indices to close by more than 1,300 points at the close.
Market activity closed with 29 securities changing hands, as the prices 8 rose 13 declined and 8 traded unchanged. The JSE All Jamaican Composite Index surged 1,439.19 points to 317,974.26 and the JSE Index jumped 1,311.26 points to 289,710.51. This was the second consecutive day with strong gains in the indices.
The number of securities trading on the main market of rose on Tuesday but the value of shares traded dropped to low levels, leading to 5,490,162 shares valued at just $27,746,053 changing hands.
In the main market activity, Barita Investments ended 94 cents higher at $8.45, with 250 stock units, Berger Paints closed with a loss of 1 cent at $18, with 39,984 shares, Cable & Wireless concluded trading with a loss of 3 cents at $1.33, with 854 units, Carreras finished at $10.95, with 320,871 shares, Caribbean Cement settled 1 cent higher at $30.02, with 4,701 shares. Ciboney Group ended trading with a loss of 1 cent at 39 cents, with 970,762 shares, Grace Kennedy traded 40 cents higher at $43, with 3,269 stock units, Jamaica Broilers finished trading 20 cents higher at $18.20, with 6,457 units, Jamaica Producers closed 10 cents higher at $15.60, with 41,029 units. Jamaica Stock Exchange ended at $6.50, with 45,523 shares, JMMB Group concluded trading with a loss of 48 cents at $24.52, with 28,228 stock units, Mayberry Investments ended trading 5 cents higher at $5.15, with 1,950 shares. NCB Financial Group traded with a loss of 95 cents at $99, with 25,065 units, 1834 Investments finished trading at $1.20, with 2,314,148 shares, PanJam Investment ended $1.85 higher at $41.85, with 3,000 units, Pulse Investments finished at $1.80, with 6,387 shares. Radio Jamaica settled at $1.05, with 523,807 shares, Sagicor Group ended trading with a loss of 50 cents at $35.50, with 31,921 stock units, Sagicor Real Estate Fund ended trading with a loss of 1 cent at $14.85, with 17,600 shares. Salada Foods traded with a loss of $1.49 at $10.51, with 200 units, Scotia Group finished trading with a loss of $1 at $52, with 71,580 shares. Seprod closed with a loss of 40 cents at $29.60, with 195 shares, Sterling Investments ended at $9, with 4,750 shares, Supreme Ventures concluded trading with a loss of 1 cent at $11.99, with 5,795 stock units, Victoria Mutual Investments finished trading at $4.15, with 160,956 units. Wisynco Group settled at $10.75, with 802,550 shares and in the main market preference segment, JMMB Group 7.5% lost 1 cent to close at $1.03 with 567 shares and Proven Investments settled with a loss of 85 cents at $5.05, with 50,000 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 “JSE in big rise again – Tuesday.”

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

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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Knutsford Express trades 10M shares drops $3

February 13, 2018 by

Knutsford Express traded just over 10 million shares on Tuesday.

Trading on the Junior Market of the Jamaica Stock Exchange on Tuesday had a big jump in the volume and value of shares as Knutsford Express exchanged 10 million shares and dropping $3 in pushing total for the market to 11,208,712 units valued at $124,643,001.
The market closed with 18 securities changing hands, compared to on Monday also with 18 securities trading leading to 1,064,473 units valued at $4,105,299 securities changing hands.
The Junior Market Index declined by 26.14 points to close at 2,900.39 with the prices of 7 securities rising, 8 declining and 3 remaining unchanged.
Trading resulted in an average of 622,706 units for an average of $6,924,611 trading, in contrast to 59,137 units for an average of $228,072 on Monday. An average of 197,679 units at an average value of $1,737,294 traded, and previously 152,676 units at an average value of $1,188,048. In contrast, January closed with an average of 122,386 shares, valued at $489,704 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ending with the bid higher than the last selling price and 6 with lower offers.
At the close of the market, Access Financial closed at $45.01, with 2,000 shares, AMG Packaging climbed 45 cents and closed at $2.50, with 875,948 stock units trading, Cargo Handlers settled 40 cents higher at $10.90, with 700 shares, Caribbean Cream ended trading with a loss of 50 cents at $5.20, with 1,500 shares, Caribbean Producers finished trading with a loss of 3 cents at $4.47, with 8,000 units. Dolphin Cove finished 50 cents higher at $17, with 25,000 stock units, Express Catering ended trading with a loss of 8 cents at $4.60, with 5,085 shares, FosRich Group traded 25 cents higher at $2.55, with 11,023 shares, General Accident finished trading with a loss of 7 cents at $2.80, with 2,000 shares. Knutsford Express closed with a loss of $3 at $12, with 10,074,564 shares, Lasco Distributors ended at $4.50, with 4,610 shares, Lasco Financial concluded trading with a loss of 10 cents at $5.10, with 102,601 stock units, Lasco Manufacturing finished 33 cents higher at $4.50, with 18,431 units. Main Event settled 39 cents higher at $6.10, with 23,985 shares, Paramount Trading traded at $3.10, with 20,000 shares, Stationery and Office finished trading with a loss of 31 cents at $4.50, with 4,000 stock units and tTech ended at $6, with 28,965 shares. In the junior market preference segment, Eppley 9.5% concluded trading with a loss of 9 cents at $7.80, with a mere 300 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

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

Junior Market up in modest trading

February 12, 2018 by

In a moderate trading on Monday, the Junior Market closed with a modest rise in the Index of 25.47 points to close at 2,926.53 with just 18 securities changing hands versus 22 on Friday.
At the close of market activities, the prices of 6 securities advanced, 8 declined and 4 remained unchanged. Trading resulted in an exchange of 1,064,473 units valued at $4,105,299 compared to 1,088,888 units valued at $5,102,530 on Friday.
Trading ended with an average of 59,137 units for an average of $228,072 in contrast to 49,495 units for an average of $231,933 on Friday. An average of 152,676 units at an average value of $1,188,048 traded, and previously 163,753 units at an average value of $1,301,730. In contrast, January closed with an average of 122,386 shares, valued at $489,704 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ending with the bid higher than the last selling price and 6 with lower offers.
At the close of the market, Access Financial closed at $45.01, with 8,000 shares, AMG Packaging closed 5 cents higher at $2.05, with 16,500 shares, Cargo Handlers finished at $10.50, with 2,300 shares, Caribbean Cream settled at $5.70, with 28,113 shares, Caribbean Producers traded with a loss of 10 cents at $4.50, exchanging 82,670 stock units, Consolidated Bakeries finished trading with a loss of 22 cents at $1.78, with 2,014 units. Express Catering settled at $4.68, with 13,733 stock units, FosRich Group traded 552,833 shares and lost 40 cents to close at $2.30, the lowest price since it listed but still above the IPO price of $2. General Accident traded 2 cents higher at $2.87, with 105,000 shares, Honey Bun closed 28 cents higher at $5.40, with 28,319 stock units. ISP Finance concluded trading with a loss of $2.08 at $10, with 24,312 shares, Jamaican Teas finished with a loss of 5 cents at $4.60, with 1,240 shares, Knutsford Express finished trading 49 cents higher at $15, with 1,000 shares, Lasco Distributors closed with a loss of 45 cents at $4.50, with 28,886 shares. Lasco Financial ended 1 cent higher at $5.20, with 31,570 shares, Lasco Manufacturing concluded trading with a loss of 23 cents at $4.17, with 130,459 stock units, Paramount Trading ended trading at $3.10, with 1,024 shares and tTech closed 60 cents higher at $6, with 6,500 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

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

Cement drops $3.04 Scotia up $3 – Monday

February 12, 2018 by

Scotia Group head quarters in Kingston.

A $3 jump in the price of Scotia Group and $1 rise in Sagicor Group helped to move the Main Market of the Jamaica Stock Exchange up strongly on Monday.
The upper pressure on the market indices was eased by declines $3.04 in the price of Caribbean Cement, after the company posted profit that was lower than in 2016, Jamaica Broilers and PanJam Investment that both fell $1. At the close the JSE All Jamaican Composite Index jumped 1,933.56 points to 316,535.07 and the JSE Index climbed by 1,761.69 points to 288,399.25.
1834 Investments traded 1 million units and Pulse Investments with 919,864 units to lead the volume traded.
Main and US market activities ended with moderate trading levels leading to prices of 9 securities rising, 8 falling, 10 trading firm as 27 securities changed hands, including 2 from the US market versus 28 that traded on Friday. Main market activity ended with 6,473,345 shares valued at $82,423,988 changing hands, in contrast to 5,977,622 shares valued at $168,448,904 trading on Friday.
The US market closed with Proven Investments exchanging 4,474 ordinary shares, at 22.95 US cents, and Sterling Investments trading 3,150 shares finishing at 12 US cents. The market closed with a value of US$723 leading to the JSE US Equities Index rising just 0.09 points to close at 174.18.
Market activity ended with an average of 258,934 shares valued at $3,296,960, in contrast to 221,393 shares valued at $6,238,848 on Friday. The average volume and value for the month to date amounts to 181,904 units valued at $3,455,707 and previously, 172,863 units valued at $3,477,159. 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 1 closed with a lower offer.

For more details of market activities see – JSE majors jump – Monday.

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