Junior Market climbs 55 points

Lasco Distribuor is cliimbing in anticipation of the court judgement due on Friday on the amount apayable by Pfizer

The Junior Market jumped 55.18 points on Tuesday to close higher for the 12th consecutive day leading the market index to close at 3,224.44 with a gain of 24.3 percent for the year to date.
Trading on the Junior Market of the Jamaica Stock Exchange ended trading on Tuesday with 17 securities changing hands, down from 19 on Monday, resulting in an exchange of 1,359,763 units valued at $7,878,297 compared to 974,360 units valued at $6,318,914 on Monday. At the close of market activities, the prices of 6 securities advanced, 4 declined and 7 remained unchanged.
Trading ended with an average of 79,986 units for an average of $463,429 in contrast to 51,282 units for an average of $332,574 on Monday. The average volume and value for the month to date amounts to 74,690 units valued at $362,548 and 74,450 units valued at $357,987 previously. In contrast, September closed with average of 116,176 units valued at $538,652 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 1 stock with the bid higher than their last selling price and 5 with lower offers.
At the close of the market, CAC 2000 concluded trading at $6.95, with 1,377 shares, Caribbean Producers concluded trading 9 cents higher at $3.79, with 11,295 stock units, Derrimon Trading ended trading at $7, with 2,755 units, Express Catering fell 1 cent to $4.93, with 5,000 shares trading, General Accident settled with a loss of 9 cents at $3.11, with 23,000 shares. Honey Bun ended trading 900 stock units at $4.90, Jamaican Teas traded 4,000 shares at $4.10, Jetcon Corporation closed 12 cents higher at $4.80, with 43,613 units, Knutsford Express ended at $14.80, with 6,670 stock units changing hands. Caribbean Cream settled at $5.80, with 143,951 shares, Lasco Distributors traded 40 cents higher at $7.60, with 402,523 units, Lasco Financial traded 10 cents higher at $4.50, with 184,129 shares, Lasco Manufacturing concluded trading 25 cents higher at $4.45, with 404,812 stock units. Main Event traded 58 cents higher at $5.60, with 92,886 units, Paramount Trading traded 3,452 shares at $3, Stationery and Office closed with a loss of 6 cents at $5.30, with 14,649 shares and tTech settled with a loss of 45 cents at $7.05, with 14,751 units.
Prices of securities trading for the day are those at which the last trade took place.

13 stocks fall to push JSE indices down

Trading on the Main and US dollar markets of the Jamaica Stock Exchange finished on Tuesday with 26 securities changing hands, 7 advanced, 13 declined and 6 traded firm as the main market indices dropped.
The market suffered declines of a dollar or more in Grace Kennedy, NCB Financial, PanJam Investment, Sagicor Group, Scotia Group and Seprod.
The JSE All Jamaican Composite Index declined by 2,137.38 points to close at 321,469.52 and is up 54 percent for 2017 to date. The JSE Index declined by 1,947.39 points to close at 292,895.09 and is up 53 percent for the year to date and the US dollar index rose 2.14 points to 185.27, up 12.6 percent for the year so far.
Trading ended with 7,565,517 units valued at $85,572,923 compared to 1,993,979 units valued at $25,589,860 on Monday in the main market. Three securities traded in the US dollar market accounting for 437,702 units for $115,825. The trades brought the total value of trading in both markets to $100,282,636.
The average of 328,936 units changed hands for an average of $3,720,562, in contrast to 99,699 units for an average of $1,279,493 on Monday. The average volume and value for the month to date amounts to 1,185,251 units valued at $16,528,582 and 1,228,254 units valued at $17,171,780, previously. In contrast, September closed with average of $283,480 units at $3,630,990 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the main and US dollar markets shows 11 stocks ended with bids higher than their last selling prices and 3 with lower offers.

JSE suffers temporary relapse

Trading on the Main and US dollar markets of the Jamaica Stock Exchange ended on Tuesday with 26 securities changing hands, 7 advanced, 13 declined and 6 traded firm as the main market indices dropped.
The JSE All Jamaican Composite Index declined by 2,137.38 points to close at 321,469.52 and The JSE Index declined by 1,947.39 points to close at 292,895.09 with 7,565,517 units valued at $85,572,923 trading.
In the main activity, Berger Paints finished trading $2 higher at $18, with 26,175 stock units, but closed with an offer at $16.90. Cable & Wireless rose 4 cents to $1.07, with 115,615 shares, Caribbean Cement finished trading with a loss of 85 cents to $36.10, with 12,250 units, Carreras finished with a loss of 10 cents at $11.40, with 649,192 shares, Grace Kennedy traded $3 lower at $40, with 144,598 stock units, Jamaica Broilers concluded trading 10 cents higher at $18.60, with 188,364 shares. Jamaica Producers concluded trading at $16, with 6,919 stock units, Jamaica Stock Exchange closed 45 cents higher at $6.90, with 1,800 units, JMMB Group closed with a loss of 35 cents at $27.75, with 908,504 stock units, Kingston Wharves traded with a loss of 35 cents at $32.65, with 59,517 shares, Mayberry Investments settled at $4.30, with 16,385 units. NCB Financial Group lost $1 to end at $107, with 159,165 shares trading, 1834 Investments concluded trading with a loss of 2 cents at $1.35, with 21,592 units, PanJam Investment fell $2.40 to end at $41.60, with 110,977 shares changing hands, Pulse Investments concluded trading 7 cents higher at $1.97, with 22,705 stock units trading, Radio Jamaica closed at $1.15, with 1,732,474 units. Sagicor Group traded with a loss of $1 at $38, with 46,295 shares, Sagicor Real Estate Fund finished with a loss of 26 cents at $14.14, with 20,818 units, Scotia Group finished with a loss of $1.50 at $50.50, with 112,944 stock units, Seprod ended with a loss of $2 at $28, with 3,800 shares and Supreme Ventures finished with a loss of 20 cents at $11.80, as 237,350 units traded. In the main market preference segment, Jamaica Money Market Brokers 7.5% concluded trading at $1.85, with 2,769,878 shares, JMMB Group 7.5% concluded trading 4 cents higher at $1.15, with 198,200 units. In the US dollar market Proven Investments rose 0.49 US cents in trading 415,521 ordinary shares at 23.99 US cents and Productivity Business traded 15,881 US dollar denominated ordinary shares at 57.5 US cents and JMMB Group 6% US dollar preference share traded 6,300 units at $1.12.
Prices of securities trading for the day are those at which the last trade took place.

JSE record sharp gains

Sharp gains in the prices of NCB Financial, PanJam Investments and Scotia Group ensured the continuation of the bull run in the main market of the Jamaica Stock Exchange on Monday.
At the close 20 securities traded in the main market, 10 advanced, 4 declined and 6 traded firm with 1,993,979 units valued at $25,589,860. The JSE All Jamaican Composite Index climbed 2,606.73 points to close at a record 323,606.90 and the JSE Index jumped 2,375.03 points for a record close of 294,842.48.
In the market activity, Barita Investments lost 1 cent to end at $8.99, with 1,000 units trading, Berger Paints fell $1 to end at $16, with 55,939 stock units trading, Cable & Wireless ended trading with a loss of 3 cents at $1.03, after trading 372,654 units, Caribbean Cement traded 85 cents higher at $36.95, with 27,939 shares, Carreras concluded trading at $11.50, with 323,179 stock units. Grace Kennedy traded 17 cents higher at $43, with 3,100 shares, Jamaica Broilers closed 44 cents higher at $18.50, with 84,500 stock units, Jamaica Producers ended trading at $16, with 12,221 units, JMMB Group closed 10 cents higher at a new closing high of $28.10, with 177,182 shares, after it traded at a new intraday high of $29.99 in early trading activities. Kingston Wharves settled at $33, with 2,980 stock units, a $3 jump in the price of NCB Financial pushed it to a record close of $108 while trading 25,163 shares, PanJam Investment climbed $1.99 to $44, with 2,000 shares, Radio Jamaica ended trading 526,148 stock units at $1.15, Sagicor Group closed at $39, with 30,015 stock units, Sagicor Real Estate Fund ended trading with a loss of 10 cents at $14.40, with 8,498 shares, Scotia Group traded $2 higher at $52, with 107,093 shares, Seprod finished trading at $30, with 3,884 shares and Supreme Ventures settled at $12, with 161,330 shares. In the main market preference segment, Jamaica Money Market Brokers finished trading with a loss of 5 cents at $1.85, with 14,454 shares, JMMB Group settled 1 cent higher at $1.11, with 54,700 stock units changing hands and 8,700 units of JMMB 6% US dollar preference shares traded with a gain of 2 cents at US$1.12.
Prices of securities trading for the day are those at which the last trade took place.

Week starts for JSE with new record

It was another day of records on the Main Market of the Jamaica Stock Exchange on Monday. The JSE All Jamaican Composite Index advanced by 2,606.73 points to close at a record 323,606.90 and the JSE Index advanced by 2,375.03 points for a fresh record close of 294,842.48.
The movement in the market was helped by a $3 jump in NCB Financial to a closing record high of $108, $1.99 in the price of PanJam Investment and $2 in Scotia Group. JMMB Group traded at a new high of $29.99 during trading and ended at a new closing high of $28.10.
A total of 20 securities ended up changing hands in the main market, 10 advanced, 4 declined and 6 traded firm with 1,993,979 units valued at $25,589,860 compared to 2,104,737 units valued at $70,790,407 on Friday.
In the US dollar market trading accounted for the JSE US dollar Equities Index closed at unchanged at 183.13 with just 1 security trading and rising with 8,700 units with a value of US$9,700.
Trading ended with an average of 99,699 units for an average of $1,279,493 in contrast to 84,189 units for an average of $2,831,616 on Friday. The average volume and value for the month to date amounts to 1,228,254 units valued at $17,171,780 and 1,279,786 units with an average value of $17,897,455 previously. In contrast, September closed with average of $283,480 units at $3,630,990 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks with bids higher than their last selling prices and 4 with a lower offer.

Junior Market climbs 11 days in a row

Bulls at large in down town Kingston

The Junior Market on Monday closed for the 11th consecutive day with unbroken gains leading the market index climbing 25.55 points to close at 3,169.26.
Trading on the Junior Market of the Jamaica Stock Exchange closed on Monday with 19 securities changing hands, resulting in an exchange of 974,360 units valued at $6,318,914 compared to 554,767 units valued at $2,609,944 on Friday. At the close of market activities, the prices of 5 securities advanced, 9 declined and 5 remained unchanged.
Trading ended with an average of 51,282 units for an average of $332,574 in contrast to 26,417 units for an average of $124,283 on Friday. The average volume and value for the month to date amounts to 74,450 units valued at $357,987 and previously, 75,683 units valued at $359,339. In contrast, September closed with average of 116,176 units valued at $538,652 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks with bids higher than their last selling prices and 3 with lower offers.
At the close of the market, AMG Packaging finished at $3.50, with 14,360 units trading, Blue Power dropped $4 to $45, with 1,780 shares, CAC 2000 lost 5 cents to end at $6.95, with 1,520 units, Cargo Handlers ended trading at $11.09, with 2,824 units changing hands, Caribbean Producers closed with a loss of 1 cent at $3.70, with 900 stock units. Express Catering ended trading 28,000 shares with a gain of 29 cents at $4.94, Prices of securities trading for the day are those at which the last trade took place.
Daily Trading,Honey Bun concluded trading at $4.90, with 1,000 stock units, Iron Rock closed 1 cent higher at $3.21, while exchanging 5,698 units, Jamaican Teas ended trading at $4.10, with 54,000 shares, Jetcon Corporation traded with a loss of 12 cents at $4.68, as 39,000 stock units were exchanged. Knutsford Express closed with a loss of 19 cents at $14.80, with 5,585 units, Lasco Distributors closed at $7.20, with 629,096 units changing hands, Lasco Financial finished trading 4 cents higher at $4.40, with 29,060 units, Lasco Manufacturing finished trading with a loss of 30 cents at $4.20, with 56,941 units. Main Event ended with a loss of 28 cents at $5.02, with 35,000 shares, Paramount Trading traded 10 cents higher at $3, with 31,990 stock units, Stationery and Office concluded trading with a loss of 11 cents at $5.36, with 18,344 shares, tTech settled with a loss of 10 cents at $7.50, with 10,536 stock units and in the junior market preference segment, Derrimon Trading settled 5 cents higher at $2, with 8,726 units.

Prices of securities trading for the day are those at which the last trade took place.

JSE jumps sharply to record close – Friday

The main market of the Jamaica Stock Exchange surged on Friday to the fourth week record closing in as many weeks. At the end the All Jamaica Composite Index pushed sharply higher by 4,673.29 points to close at record 321,000.17.
The JSE Index climbed considerably by 4,257.90 points to close at record 292,467.45, with market ended on Friday with 25 securities changing hands with 2 trading in the US dollar market leading 12 advanced, 5 declined and 7 traded firm with 2,104,737 units valued at $70,790,40. Trading in the US dollar market ended with 156,714 units valued at US$36,816 with the index remaining unchanged at 183.13 points.
In the main activity, Barita Investments ended at $9, exchanging only 730 shares, Berger Paints closed 25 cents higher at $17, with 90,738 units, Cable & Wireless rose 4 cents and closed at $1.06, with 539,939 stock units, Caribbean Cement ended $3.10 higher at $36.10, with 22,557 units, Carreras ended with a loss of $1.50 at $11.50, with 129,369 shares. Ciboney Group ended trading with a loss of 3 cents at 15 cents, with 10,600 stock units, Grace Kennedy ended at $42.83, trading 6,745 units, Jamaica Broilers finished with a loss of 43 cents at $18.06, with 7,883 shares, Jamaica Producers closed at $16, with 2,637 units, Jamaica Stock Exchange traded with a loss of 5 cents at $6.45, with 9,838 shares. JMMB Group concluded trading at $28, with 224,609 stock units, Kingston Properties finished 80 cents higher at $8, with 1,244 units, Kingston Wharves gained 50 cents to end at $33, with 20,949 stock units, Mayberry Investments concluded trading 10 cents higher at $4.30, with 2,993 stock units. NCB Financial lost 65 cents and closed at $105 with 157,631 shares trading, 138 Student Living settled at $5.40, with 2,119 units, 1834 Investments ended with a loss of 3 cents at $1.37, with 22,200 stock units, PanJam Investment finished 1 cent higher at $42.01, with 250,435 shares, Portland JSX settled at $9.15, with 2,000 units. Pulse Investments finished 10 cents higher at $1.90, while trading 34,000 stock units. Radio Jamaica added 2 cents and ended at $1.15, with 123,400 shares, Sagicor Group jumped $4.47 to $39, with 29,209 stock units, Sagicor Real Estate Fund finished 10 cents higher at $14.50, with 18,319 shares, Scotia Group ended trading at $50, with 139,016 units and Supreme Ventures ended 1 cent higher at $12, with 45,257 shares.
In the US dollar market while Proven Investments traded 156,614 ordinary share at 23.5 US cents and Sterling Investments traded 100 US dollar denominated ordinary shares at 12 US cents.
Prices of securities trading for the day are those at which the last trade took place.

Jamaican $ gains against all majors – Friday

Trading in the foreign market during the past week was the highest for the month with US$289 million purchased by dealers of all currencies and selling of US$279 million, while US currency purchased amounted to $228 million and US$210 was sold.
Trading on Friday resulted in more strengthening of the Jamaican dollar as US$30.91 million of the US dollar was sold by dealers at an average rate of $127.37 to the US dollar, compared to US$33.84 million at an average rate of $127.49 on Thursday.
US currency purchases declined from the previous day, to US$31.74 million on Friday, at an average rate of $126.22 compared to Thursday, with US$35.96 million at $126.59.
Dealers purchased US$42.62 million, versus US$46.14 million on Thursday in all currencies in Jamaica’s forex market and sold US$53.93 million compared with US$43.23 million previously.
At Midday, dealers bought US$10.97 million at J$126.67 and sold US$5.9 million at J$127.24 compared to the buying of US$10.58 million at J$126.80 and selling of US$5.35 million at J$127.43 at the same time on Thursday.
The selling rate for the Canadian dollar dropped to J$99.73 from J$100.21 at the close on Thursday. The selling rate for the British Pound declined to J$166.41 versus J$168.47 on Thursday and the euro fell in value against the Jamaican dollar, to J$149.12 to buy the European common currency, versus J$151.76 previously.

Junior Market jumps another 37.73 points

The Junior Market on Friday closed for the 10th consecutive day with unbroken gains leading the market index climbing 37.73 points to close at 3,143.71 with 21 securities changing hands compared to 18 on Thursday.
At the close of market activities, the prices of 8 securities advanced, 10 declined and 3 remained unchanged and 554,767 units valued at $2,609,944 traded compared to 2,819,581 units valued at $17,224,051 on Thursday.
Trading ended with an average of 26,417 units for an average of $124,283 in contrast to 156,643 units for an average of $956,892 on Thursday. The average volume and value for the month to date amounts to 75,683 units valued at $359,339 and previously, 78,762 units valued at $374,030. In contrast, September closed with average of 116,176 units valued at $538,652 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks with bids higher than their last selling prices and 5 with lower offers.
At the close of the market, Access Financial gained 50 cents to settle at $42.50, with 2,800 shares, AMG Packaging finished trading 1 cent higher at $3.50, with 5,564 units, Blue Power jumped $4 to $49, with 387 shares changing hands, C2W Music finished with a loss of 7 cents at 42 cents, with 350 stock units, Cargo Handlers rose 29 cents to $11.09, with 1,015 units, Caribbean Cream concluded trading with a loss of 10 cents at $5.80, with 3,332 stock units. Caribbean Producers traded 1 cent higher at $3.71, with 69,888 units being traded. Derrimon Trading ended at $7 with 2,000 units, Express Catering finished trading with a loss of 30 cents at $4.65, with 56,588 stock units trading, General Accident ended trading 10 cents higher at $3.20, with 16,450 units, Honey Bun closed with a loss of 10 cents at $4.90, with 4,891 stock units changing hands. ISP Finance dropped $2.30 to $16.20, with 10,000 units, Jamaican Teas concluded trading at $4.10, with 5,100 shares, Jetcon Corporation finished with a loss of 5 cents at $4.80, with 3,154 shares trading, Lasco Distributors closed with a loss of 24 cents at $7.20, with 11,850 units, Lasco Financial ended with a loss of 4 cents at $4.36, with 51,742 stock units. Lasco Manufacturing closed at $4.50, with 14,800 units, Main Event traded 20 cents higher at $5.30, with 166,999 shares, Medical Disposables traded 25 cents higher at $5.75, with 1,471 stock units, Paramount Trading settled with a loss of 10 cents at $2.90, with 124,400 units being exchanged and Stationery and Office settled with a loss of 3 cents at $5.47, with 1,986 units.
Prices of securities trading for the day are those at which the last trade took place.

4th week of record close for JSE stocks

When the main market of the Jamaica Stock Exchange ended on Friday with big gains in both major market indices, it marked the fourth week on a trot that the market was ending at record weekly highs.
At the close the All Jamaica Composite Index surged sharply by 4,673.29 points to close at record 321,000.17 and the JSE Index leapt considerably by 4,257.90 points to close at record 292,467.45. Trading in the US dollar market ended with 156,714 units valued at US$36,816 with the index remaining unchanged at 183.13 points.
The market ended on Friday with 25 securities changing hands with 2 trading in the US dollar market leading 12 advanced, 5 declined and 7 traded firm with 2,104,737 units valued at $70,790,407 compared to 3,021,277 units valued at $73,512,131 on Thursday. Caribbean Cement traded at an intraday high of $40 but fell back by the close to $36.10 and Sagicor Group jumped $4.47 to $39 and would have had a major impact on the market indices.
On average 84,189 units changed hands for an average of $2,831,616 in contrast to 137,331 units for an average of $3,341,461 on Thursday. The average volume and value for the month to date amounts to 1,279,786 units valued at $17,897,455 and 1,352,159 units with an average value of $18,809,431, previously. In contrast, September closed with average of 283,480 units at $3630990 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 2 with lower offers.