Trading on the Main Market of the Jamaica Stock Exchange ended on Monday with 26 securities changing hands, of which 5 advanced, 11 declined and 10 traded firm, resulting in 5,044,996 units valued at $75,889,380 changing hands.
The JSE All Jamaican Composite Index advanced by 1,541.93 points to 303,901.44 and the JSE Index advanced by 1,404.87 points to close at 276,888.58.
In main market activity, Barita Investments concluded trading with a loss of 25 cents at $7.75, with 250,300 units traded, Berger Paints finished with a loss of 20 cents at $16.80, with 3,664 shares, Cable & Wireless settled 3 cents higher at 99 cents, with 88,985 shares. Caribbean Cement ended trading with a loss of 25 cents at $31.50, with 9,345 stock units, 
Carreras traded 9 cents higher at $10.99, with 7,210 units, Ciboney Group finished trading at 35 cents, with 198,773 shares, Grace Kennedy closed at $43, with 6,162 shares. Jamaica Broilers ended 50 cents higher at $18, with 1,478,292 stock units changing hands, Jamaica Producers concluded trading with a loss of $1.10 cents following Friday’s fall of $1.12 to close at $14, with 3,552 units, Jamaica Stock Exchange finished 10 cents higher at $6.90, with 2,920 shares, JMMB Group settled at $26.50, with 15,805 shares trading. Kingston Wharves traded at $32.50, with 500 units, Mayberry Investments finished trading at $5.01, with 117,300 shares, NCB Financial Group closed with a loss of $1.49 at $90.52, with 93,264 shares, 1834 Investments ended with a loss of 1 cent at $1.20, with 100,000 stock units, 138 Student Living closed at $6, with 6,100 shares, PanJam Investment concluded trading with a loss of 50 cents at $41, with 7,500 units. Portland JSX finished with a loss of 45 cents at $8.50, with 25,669 shares,
Pulse Investments settled with a loss of 28 cents at $1.50, with 8,753 shares, Radio Jamaica ended trading with a loss of 3 cents at $1.05, with 866,047 stock units, Sagicor Group traded 30 cents higher at $36.80, with 16,886 units. Sagicor Real Estate Fund finished trading at $14.50, with 1,500 shares, Scotia Group ended at $51, with 404,829 stock units, Seprod concluded trading at $30, with 4,865 units, Sterling Investments finished at $12, with 124,000 shares and Supreme Ventures settled with a loss of $1 at $10, with 1,202,775 shares.
Prices of securities trading for the day are those at which the last trade took place.
For more details of market activities see report “More recovery for JSE main market.”
NCB climbs $1.96 to help JSE rise
NCB Financial Group jumped $1.96 to help push the JSE up on Friday.
The JSE All Jamaican Composite Index advanced by 309.14 points to close at 302,359.51 and the JSE Index advanced by 281.66 points to close at 275,483.71. The market closed with 2,765,894 units trading valued at $114,523,797 as 19 securities changing hands, 4 advanced, 8 declined and 7 traded firm.
A rise of $1.96 in the price of NCB Financial is the main reason behind the rise on Friday.
In main market activity, Barita Investments concluded trading at $8, with 500 units, Berger Paints finished 80 cents higher at $17, with 85,586 shares, Cable & Wireless settled with a loss of 2 cents at 96 cents, with 222,509 shares, Caribbean Cement ended trading with a loss of 25 cents at $31.75, with 65,067 stock units, Carreras lost 9 cents to end at $10.90, with 8,200 units. Ciboney Group finished trading with a loss of 15 cents at 35 cents, with 54,318 shares trading, Grace Kennedy closed at $43, with 4,500 shares, Jamaica Broilers ended at $17.50, with 5,614 stock units, Jamaica Producers concluded trading with a loss of $1.12 to $15.10, with 5,050 units. Jamaica Stock Exchange finished at $6.80, with 100 shares, JMMB Group settled with a loss of 50 cents at $26.50, with 46,461 shares, 
Kingston Wharves traded at $32.50, with 200 units, NCB Financial Group closed $1.96 higher at $92.01, with 445,090 shares. PanJam Investment concluded trading with a loss of 25 cents at $41.50, with 44,988 units, Radio Jamaica ended trading at $1.08, with 18,000 stock units, Sagicor Group traded 50 cents higher at $36.50, with 1,530,650 units, Sagicor Real Estate Fund finished trading at $14.50, with 7,129 shares. Scotia Group ended with a loss of 2 cents at $51, with 209,940 stock units and Supreme Ventures settled 70 cents higher at $11, with 11,992 shares.
Prices of securities trading for the day are those at which the last trade took place.
Modest recovery for JSE main market
The Main Market of the Jamaica Stock Exchange broke the losing streak on Friday, with the market indices rising, but with a negative advance decline ratio. At the close 19 securities changing hands, 4 advanced, 8 declined and 7 traded firm.
The JSE All Jamaican Composite Index advanced by 309.14 points to close at 302,359.51 and the JSE Index advanced by 281.66 points to close at 275,483.71. The market closed with 2,765,894 units trading valued at $114,523,797 compared to 5,195,513 units valued at $74,800,685 on Thursday.
Trading ended with an average of 145,573 units for an average of $6,027,568 in contrast to 207,821 units for an average of $2,992,027 on Thursday. In contrast, November 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 in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Proven Investments US ordinary share traded 2,000 units and lost 1 cent in closing at 23 US cents. In the US market preference segment, JMMB Group ended trading with a rise of 3 cents to end at US$1.15, with 790 stock units.
The major movers at the close are Jamaica Producers with a fall of $1.12, flowed by a jump of $1.96 in NCB Financial share price, while Supreme Ventures rose 70 cents and Sagicor Group traded 1,530,650 shares, well ahead of the rest of the market.
Junior Market down 20% since May
This Junior market chart is not looking all that good recently but should find support sooner than later.
Trading activities continue to pressure the Junior Market Index leading to a decline of 34.02 points to close at 2,688.73 and a 20 percent fall in the overall market since peaking in May. On Friday the prices of 6 securities advanced, 10 declined and 8 remained unchanged.
The market gained 30.1 percent for 2017 on May 24, this year, but is now just ahead of the December close by a mere 3.7 percent with Friday’s fall. A major contributor to the decline from the peak is the fall in the prices of Lasco Distributors that is heavily weighted in the index along with Lasco Manufacturing. Lasco Distributors traded at $7.20 in late May and is now at $4.40 with the award for their case against Pfizer coming in far below what the market expected and Manufacturing at $5.20 and is now at $3.50, with sales and profit stagnated. The fall has been mollified by gains in newly listed Express Catering and Stationery and Office Supplies.
The number of Junior Market securities trading on Friday, jumped to 24, from just 13 changing hands on Thursday, resulting in an exchange of 1,300,855 units valued at $5,472,573 compared to 1,784,331 units valued at $8,037,129 on Thursday.
Trading ended with an average of 54,202 units for an average of $228,024 in contrast to 137,256 units for an average of $618,241 on Thursday. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 5 with lower offers.
Fall in Lasco Distributors & Lasco Manufacturing main contributors to market fall.
At the close of the market, Access Financial closed at $34, with 2,203 shares, CAC 2000 finished with a loss of 30 cents at $6.20, with 1,200 shares, Caribbean Flavours settled with a loss of $1.30 at $11, with 3,000 shares, Caribbean Producers traded at $4.20, with 1,000 units, Consolidated Bakeries finished with a loss of 25 cents at $1.80, with 252,500 shares, C2W Music ended 1 cent higher at $0.50, with 100,000 stock units, Dolphin Cove finished trading at $17.50, with 26,550 shares. Express Catering ended with a loss of 20 cents at $4, with 136,755 stock units, Eppley concluded trading with a loss of 50 cents at $10, with 400 units, General Accident finished with a loss of 20 cents at $2.50, with 10,000 shares, Honey Bun settled 40 cents higher at $3.90, with 17,996 shares. Iron Rock settled at $2.80, with 3,886 shares, Jamaican Teas traded at $3.80, with 18,875 units, Jetcon Corporation finished trading with a loss of 15 cents at $4.35, with 4,600 shares, 
Knutsford Express closed 98 cents higher at $14.80, with 600 shares, Key Insurance ended 31 cents higher at $3.99, with 1,000 stock units. KLE Group concluded trading at $2.53, with 10,400 units, Lasco Distributors settled with a loss of 10 cents at $4.40, with 23,152 shares, Lasco Financial ended trading 10 cents higher at $5.15, with 349,824 stock units, Lasco Manufacturing traded with a loss of 40 cents at $3.50, with 45,500 units. Medical Disposables finished trading 10 cents higher at $5.05, with 1,200 shares, Main Event closed at $6, with 176,732 shares, Paramount Trading concluded trading with a loss of 1 cent at $3.09, with 32,705 units and Stationery and Office ended trading at $5.05, with 80,777 stock units.
Prices of securities trading for the day are those at which the last trade took place.
Advancing prices crushed by decliners – Thursday
Trading on the Main Market of the Jamaica Stock Exchange ended on Thursday with 25 securities changing hands, 6 advanced, 11 declined and 6 traded firm, with 5,195,513 units valued at $74,800,685 compared to 13,175,593 units valued at $360,574,899 on Wednesday.
The JSE All Jamaican Composite Index declined by 2,034.00 points to close at 302,050.37 and the JSE Index declined by 1,853.20 points to close at 275,202.05.
In main market activity, 1834 Investments ended with a loss of 9 cents at $1.21, with 10,000 stock units, Barita Investments concluded trading with a loss of 10 cents at $8, with 20,561 units, 
Berger Paints finished at $16.20, with 1,084 shares, Cable & Wireless settled at $0.98, with 669,689 shares, Caribbean Cement ended trading with a loss of 1 cent at $32, with 32,950 stock units. Carreras traded with a loss of 1 cent at $10.99, with 3,008,091 units, Grace Kennedy closed at $43, with 33,063 shares, Jamaica Broilers ended with a loss of 40 cents at $17.50, with 46,915 stock units, Jamaica Producers concluded trading 22 cents higher at $16.22, with 34,050 units. Jamaica Stock Exchange finished with a loss of 20 cents at $6.80, with 51,195 shares, JMMB Group settled with a loss of 50 cents at $27, with 19,455 shares, Kingston Wharves traded at $32.50, with 107,220 units, Mayberry Investments finished trading at $5.01, with 414,751 shares. NCB Financial Group closed 4 cents higher at $90.05, with 258,394 shares, 1834 Investments ended with a loss of 9 cents at $1.21, with 10,000 stock units, PanJam Investment concluded trading 75 cents higher at $41.75, with 12,050 units, Portland JSX finished 5 cents higher at $8.95, with 1,600 shares, Pulse Investments settled 13 cents higher at $1.78, with 10,000 shares. 
Radio Jamaica ended trading 3 cents higher at $1.08, with 45,500 stock units, Sagicor Group traded with a loss of $1 at $36, with 31,555 units, Sagicor Real Estate Fund finished trading at $14.50, with 30,633 shares, Scotia Group ended with a loss of $1.48 at $51.02, with 77,645 stock units. Seprod concluded trading with a loss of 1 cent at $30, with 400 units and Supreme Ventures settled with a loss of 70 cents at $10.30, with 66,712 shares. In the main market preference segment, Jamaica Money Market Brokers 7.50%, traded 125,000 units at $1.90, JMMB Group 7.5% ended trading at $1.10, with 87,000 stock units and Proven Investments traded 46,657 shares at $5.50.
Prices of securities trading for the day are those at which the last trade took place.
For more on main market trading follow Main Market drops again on Thursday
Jamaican cashing US$ for Wisynco stock?
At midday on Thursday, foreign currency was pouring into dealers coffers faster than they could dispose of it, with total US$15.39 million purchased by dealers at an average rate of J$125.49, while they could only sell US$7.72 million, at an average of J$126.05.
By the close of trading on Thursday, dealers average rate was down to just $125 to buy the US dollar, a clear indication that they were staving off the selling pressure.
Interestingly, last week, purchases by dealers for the first 4 days for the US dollar, was $145 million and jumped to $161 million to Thursday this week, while the dealers sold just US$167 million in US currency this week, up from $150 from the prior week. The fall in the exchange rate with more selling of US dollars by dealers, suggest that the general public are offloading US dollars into the system. The selloff comes at an interesting time with the very popular Initial Public Offering of shares in Wisynco Group.
Thursdays’ mid-day trading pattern was similar to Wednesday’s with the purchase of US$13.57 million at J$125.72 and selling of US$7.37 million at J$126.16 by mid-day.
On Thursday, the rate of exchange to buy the US dollar by the public, declined for the third time for the week to $126.08, as dealers sold US$38.51 million in US dollars, compared to US$41.03 million at an average rate of $126.20 on Wednesday.
Wata produced by Wisynco
Dealers’ purchased US$42.48 million, versus US$53.74 million on Wednesday in all currencies, in Jamaica’s Forex market and sold US$46.15 million compared with US$44.63 million sold, previously.
The selling rate for the Canadian dollar dropped to J$95.16 from J$98.39 at the close on Wednesday. The selling rate for the British Pound climbed to J$169.72 versus J$169.34 previously and the euro lost value against the Jamaican dollar, recovering to J$148.55 to buy the European common currency, versus prior selling rate of J$146.91.
Main market drops again on Thursday
The JSE All Jamaican Composite Index dropped 2,034.00 points to close at 302,050.37 and the JSE Index dived 1,853.20 points to 275,202.05 at the close on Thursday with 25 securities changing hands, 6 advanced, 11 declined and 6 traded firm on the Main Market of the Jamaica Stock Exchange.
Trading ended with 5,195,513 units valued at $74,800,685 compared to 13,175,593 units valued at $360,574,899 on Wednesday from 22 securities changing hands.
Trading ended with an average of 207,821 units for an average of $2,992,027 in contrast to 598,891 units for an average of $16,389,768 on Wednesday. The average volume and value for the month to date amounts to 349,084 units valued at $5,801,440 and previously 356,262 units valued at $5,944,195. In contrast, October closed with average of 1,185,251 units valued at $16,528,582 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 2 with lower offers.
Trading in the US dollar market saw just one security changing hands with the market index remaining unchanged at 179.28 from 150 units valued at just US$36. Proven Investments US ordinary share traded only 150 units in closing at 23.98.
The major movers at the close are Sagicor Group that fell $1 and Scotia Group losing $1.48, volume wise Carreras traded 3,008,091 units.
For detailed information on trading in the main market see Advancing prices crushed by decliners – Thursday
Juniors drops another 85 points – Wednesday
This Junior market chart is not looking all that good but the data shows the sharp sell off may be ending with support showing up.
Investors took advantage of weak bids in the market for a number of securities cutting [prices of some sharply albeit on limited volumes and slashing the Junior Market Index sharply by 84.68 points to close at 2,744.61 on Wednesday.
Market activities ended with 24 securities changing hands, as the prices of 6 securities advanced, 9 declined and 9 remained unchanged. Trading resulted in an exchange of 933,174 units valued at $3,918,550 compared to 1,396,153 units valued at $6,487,135 on Tuesday coming from 22 securities.
Trading ended with an average of 38,882 units for an average of $163,273 in contrast to 63,462 units for an average of $294,870 on Tuesday. The average volume and value for the month to date amounts to 106,544 units valued at $521,691 and previously 110,697 units valued at $543,691. In contrast, October closed with average of 74,690 units valued at $362,548 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 3 with lower offers.
At the close of the market, Access Financial dropped $6 and closed at $34, with just 500 shares trading, AMG Packaging ended at $2.99, with 500 stock units, Blue Power concluded trading with a loss of $7 to settle at $37, with only 300 units, Caribbean Cream finished at $5.50, with 2,079 shares, Caribbean Producers traded at $4.20, with 351,000 units, C2W Music ended at 49 cents with 95,000 stock units trading, Derrimon Trading closed with a loss of $1 at $7, with 100 shares. Express Catering ended with a loss of 19 cents at $4.30, with 45,452 stock units, Eppley concluded trading with a loss of 50 cents at $10.50, with 1,904 units, General Accident finished 10 cents higher at $2.70, with 15,684 shares, Honey Bun settled at $4.25, with 100 shares. ISP Finance ended trading with a loss of 99 cents to close at $15, with 5,471 stock units, Jamaican Teas traded 16,023 units at $3.80,
Jetcon Corporation finished trading 25 cents higher at $4.75, with 110,928 shares, Knutsford Express closed with a gain of 50 cents at $14, with 2,750 shares. Key Insurance fell 32 cents to $3.68, with 7,947 stock units, KLE Group concluded trading at $2.53, with 24,000 units, Lasco Distributors settled 8 cents higher at $4.40, with 29,227 shares. Lasco Financial ended trading 4 cents higher at $5.05, with 64,437 stock units, Lasco Manufacturing traded with a loss of 40 cents at $3.50, with 32,500 units, Medical Disposables finished trading with a loss of 5 cents at $4.95, with 4,070 shares, Main Event closed at $6, with 83,334 shares, Paramount Trading concluded trading 25 cents higher at $3.40, with 5,469 units and Stationery and Office ended trading at $5.05, with 34,399 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.
Main market stocks dropped on Wednesday
The Main Market of the Jamaica Stock Exchange closed on Wednesday with 22 securities changing hands and 3 in the US dollar market with, 10 advancing, 5 declining and 10 trading firm with 13,175,593 units valued at $360,574,899 compared to 3,569,794 units valued at $75,294,915 on Tuesday.
The JSE All Jamaican Composite Index declined by 1,625.76 points to close at 304,084.37 and the JSE Index declined by 1,481.25 points to close at 277,055.25.
Trading ended with an average of 598,891 units at an average of $16,389,768 in contrast to 127,493 units for an average of $2,689,104 on Tuesday. The average volume and value for the month to date amounts to 356,262 units valued at $5,944,195 and reviously 344,905 units valued at $5,455,253. In contrast, October closed with average of 1,185,251 units valued at $16,528,582 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 4 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Proven Investments US ordinary share traded 44,384 units in closing at 23.99 US cents and Productivity Business traded 57 US cents with 3,200 shares. In the US market preference segment, JMMB Group 6% ended trading at US$1.12, with 2,175 stock units.
The major movers at the close are Grace Kennedy gained $1.30, NCB Financial dropped $4.99, Scotia Group ended with a loss of $1.44, volume wise, Jamaica Producers accounted for 3,356,105 units, JMMB Group traded 4,971,543 shares and PanJam Investment finished with 3,518,560 units changing hands.
JSE main market falters again
Seprod shares dropped $3.99 on Tuesday.
The main market indices suffered major reversal as a result of the negative advance decline ratio of nearly 1 to 1, leading the JSE All Jamaican Composite Index, to drop 898.61 points to close at 305,710.13 and the JSE Index to 818.74 points, to close at 278,536.50.
Trading ended on Tuesday with 28 securities changing hands of which 11 advanced, 11 declined and 3 traded firm with 3,569,794 units valued at $75,294,915 changing hands.
The major contributors to the sharp fall are declines of $1.30 in the price of Grace Kennedy, Salada Foods fell $1.19, Scotia Group jumped $2.64, Seprod dropped $3.99, on the other hand National Financial rose $1 and Scotia Group rose $2.64.
In the main market activity, Barita Investments concluded trading 50 cents higher at $8.50, with 25,000 units, Berger Paints finished with a loss of 9 cents at $16.11, with 29,075 shares, Cable & Wireless settled 2 cents higher at 97 cents, with 51,499 shares, Caribbean Cement ended trading 1 cent higher at $32.01, with 4,240 stock units. Carreras traded with a loss of 4 cents at $11, with 2,009,745 units, Ciboney Group finished trading 5 cents higher at 50 cents, with 65,000 shares, Grace Kennedy closed with a loss of $1.30 at $41.70, with 141,575 shares, Jamaica Broilers ended with a loss of 1 cent at $17.50, with 70,380 stock units. Jamaica Producers concluded trading with a rise of 20 cents to $16.20, with 60,592 units, Jamaica Stock Exchange finished with a loss of 38 cents at $6.60, with 21,679 shares, JMMB Group settled with a loss of 50 cents at $27.50, with 16,763 shares, Kingston Properties ended trading 1 cent higher at $8.01, with 1,300 stock units. Kingston Wharves traded 50 cents higher at $33, with 2,857 units, Mayberry Investments finished trading with a loss of 19 cents at $5.01, with 6,000 shares, NCB Financial Group closed $1 higher at $95, with 35,601 shares, 1834 Investments ended at $1.30, with 20,872 stock units, 
PanJam Investment concluded trading at $40.75, with 2,895 units. Portland JSX finished with a loss of 50 cents at $8.50, with 500 shares, Radio Jamaica ended trading with a loss of 4 cents at $1.05, with 2,000 stock units, Sagicor Group traded 4 cents higher at $36.54, with 6,100 units, Sagicor Real Estate Fund finished trading at $14.50, with 1,000 shares. Salada Foods Jamaica closed with a loss of $1.19 at $8.81, with 2,000 shares, Scotia Group ended $2.64 higher at $53.94, with 727,189 stock units, Seprod finished with a loss of $3.99 at $30.01, with 400 shares and Supreme Ventures ended trading with a loss of 42 cents at $10, with 110,204 stock units.
Prices of securities trading for the day are those at which the last trade took place.