Junior Market marches on up

The Junior Market Index enjoyed another day of mostly rising prices, leading to the market index increasing for the 9th consecutive day with an increase of 18.55 points to close at 3,105.98 on Thursday.
The strong increase as a lot to do with gains recorded by all three Lasco companies. At the close of market activities, the prices of 8 securities rose, 5 declined and 5 remained unchanged as 18 securities changed hands compared to 19 on Wednesday. Trading resulted in a much increased volume and value as investors exchanged of 2,819,581 units valued at $17,224,051 compared to only 724,901 units valued at $2,972,526 on Wednesday.
Trading ended with an average of 156,643 units for an average of $956,892 in contrast to 38,153 units for an average of $156,449 on Wednesday. The average volume and value for the month to date amounts to 78,762 units valued at $374,030 and previously, 74,354 shares with an average value of $341,038. In contrast, September closed with average of 116,176 units valued at $538,652 for each security traded.
IC bid-offer Indicator|Trading ended with the market sentiments for Friday’s trading activity remaining mixed as 7 stocks ended with bids higher than their last selling prices and 4 with lower offers
At the close of the market, AMG Packaging finished with a loss of 1 cent at $3.49, with 9,795 units trading, Cargo Handlers finished with a loss of 29 cents at $10.80, with 2,719 shares changing hands, Caribbean Cream lost 9 cents to close at $5.90, with 22,203 units, Caribbean Flavours traded at $11, with 2,000 shares, Derrimon Trading finished at $7, with 30,000 stock units. Dolphin Cove ended trading with a loss of 50 cents at $17, with 34,328 units trading, Express Catering concluded trading with a loss of 3 cents at $4.95, with 64,390 shares, Honey Bun traded 70 cents higher at $5, with 1,000 stock units, Jetcon Corporation ended trading at $4.85, with 16,425 shares trading. KLE Group closed 30 cents higher at $2.80, with 17,500 units, Knutsford Express settled 19 cents higher at $14.99, trading 2,930 shares, Lasco Distributors rose 74 cents to close at $7.44, with 1,240,875 stock units, Lasco Financial traded 20 cents higher at $4.40, with 328,274 shares, Lasco Manufacturing traded 30 cents higher at $4.50, with 546,317 stock units. Medical Disposables settled at $5.50, with 16,500 shares, Paramount Trading closed 10 cents higher at $3, with 34,576 shares, Stationery and Office ended at $5.50, with 55,697 stock units and tTech ended 5 cents higher at $7.60, with 394,052 shares.
Prices of securities trading for the day are those at which the last trade took place.

JSE closed down on Thursday

The JSE All Jamaican Composite Index dropped 1,128.83 points, to close at 316,326.88 and the JSE Index shed 1,028.50 points to end at 288,209.55 to break the 9 consecutive days of closing records on the Jamaica Stock Exchange on Thursday.
Trading ended with 23 securities changing hands, in the main and US dollar market as 11 advanced, 7 declined and 5 traded firm with 3,021,277 units valued at $73,512,131 changing hands.
In the main activity, Barita Investments finished at $9, with 148,800 units after trading down to $8, Berger Paints traded 75 cents higher at $16.75, with 149,835 units, 54 percent above the Ansa Coatings offer price. Cable & Wireless closed 1 cent higher at $1.02, with just 6,715 shares, Caribbean Cement traded $3.99 higher to $33, with 55,758 stock units trading, Carreras rose $1.50 to $13, with 375,369 shares, Grace Kennedy concluded trading 7 cents higher at $42.83, with 100,966 shares, Jamaica Broilers ended with a gain of 49 cents to $18.49, with 1,126,834 units. Jamaica Producers closed 40 cents higher at $16, with 109,041 shares, Jamaica Stock Exchange ended trading with a loss of 47 cents at $6.50, with 4,072 units, JMMB Group ended trading 40 cents higher at a 52 weeks’ closing high of $28, with 110,531 shares, Kingston Wharves ended with a loss of 49 cents at $32.50, with 5,657 shares, NCB Financial lost 36 cents and closed at $105.65 with 157,631 shares trading, 138 Student Living closed at $5.40, with 10,000 units, PanJam Investment traded 50 cents higher at $42, with 1,500 shares, Pulse Investments finished 19 cents higher at $1.80, with 105,000 units, Radio Jamaica ended trading with a loss of 1 cent at $1.13, with 125,960 shares, Sagicor Group finished trading with a loss of 3.47 cents at $34.53, with 24,735 units, Sagicor Real Estate Fund ended trading with a loss of 10 cents at $14.40, with 21,217 stock units, Scotia Group traded with a loss of $2 at $50, with 281,355 units, Seprod traded $1.25 higher at $30, with 12,346 shares changing hands, Supreme Ventures ended trading at $11.99, with 67,955 stock units and in the main market preference segment, JMMB Group 7.5% closed at $1.10, with 20,000 stock units, while Productivity Business Solutions traded 1,100 US dollar denominated ordinary shares at 57.5 US cents.
Prices of securities trading for the day are those at which the last trade took place.

JSE majors give up 1,128 points

The Main Market of the Jamaica Stock Exchange broke its winning streak of  9 consecutive days of closing records, to end on Thursday with the JSE All Jamaican Composite Index falling 1,128.83 points, to close at 316,326.8822 and the JSE Index shedding 1,028.50 points to end at 288,209.55.
Caribbean Cement posted good results that pushed the price as high as $37, but it closed at $33 with the bid at $35 after investors attempted to trade it at $45 which was cancelled after trading in the stock was suspended for an hour. NCB Financial closed down to $105.65 at the same time that it traded in Trinidad at the equivalent of $114 and JMMB Group traded at the equivalent of $35 on the Trinidad Stock Exchange but closed at a record close of $28 and Berger Paints close at $16.75, 54 percent above the price the company’s directors recommended to be a fair value. Scotia Group dropped $2 to $50 and Carreras climbed $1.50 to $13.
At the conclusion of trading 23 securities changed hands, in the main and US dollar market as 11 advanced, 7 declined and 5 traded firm with 3,021,277 units valued at $73,512,131 compared to 3,975,709 units valued at $69,965,883 on Wednesday and the US dollar market Equities Index declined by 0.33 points to close at 183.13 with just 1,100 units trading with a value of US$634 from just one security.
Trading ended with an average of 137,331 units for an average of $3,341,461 in contrast to 172,857 units for an average of $3,041,995 on Wednesday. The average volume and value for the month to date amounts to 1,352,159 units valued at $18,809,431 and 1,420,512 units with an average value of $19,679,752, 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 10 stocks with bids higher than their last selling prices and 1 with a lower offer.

8 consecutive gains for Junior Market

Trading on the Junior Market of the Jamaica Stock Exchange ended on Wednesday for the 8th day of gains as the Junior Market Index climbed 23.79 points to close at 3,087.43.
The market closed with 19 securities changing hands, resulting in the prices of 9 rising, 6 declining and 4 remaining unchanged with an exchange of 724,901 units valued at $2,972,526 compared to 655,302 units valued at $3,576,610 from 15 securities changing hands on Tuesday.
Trading ended with an average of 38,153 units for an average of $156,449 in contrast to 43,687 units for an average of $238,441 on Tuesday. The average volume and value for the month to date amounts to 76,654 units valued at $352,768 compared to 76,654 units valued at $352,768 previously. In contrast, September closed with average of 116,176 units valued at $538,652 for each security traded.
IC bid-offer Indicator| Trading ended with the market sentiments looking slightly mixed for Thursday’s trading activity as 6 stocks ended with bids higher than their last selling prices and 3 with lower offers.
At the close of the market, Blue Power ended trading 90 cents higher at $45, with 1,000 units, CAC 2000 gained 50 cents to end at $7, with 1,000 shares, Cargo Handlers ended trading at $11.09, with 3,088 stock units, Caribbean Producers finished with a loss of 4 cents at $3.70, with 3,300 units, Eppley ended trading 60 cents higher at $11.60, with 4,292 shares, Express Catering traded with a loss of 2 cents at $4.98, with 86,376 units. General Accident concluded trading 10 cents higher at $3.10, with 2,000 stock units, Honey Bun ended trading with a loss of 70 cents at $4.30, with 39,404 shares, Iron Rock ended trading 5 cents higher at $3.20, with 45,000 units changing hands, Jamaican Teas gained 10 cents to close at $4.10, with 36,329 units trading. Jetcon Corporation settled 5 cents higher at $4.85, with 10,582 shares, KLE Group concluded trading with a loss of 30 cents at $2.50, with 265,000 units changing hands, Knutsford Express closed at $14.80, with 2,150 stock units, Lasco Distributors ended trading after rising 20 cents to $6.70, with 56,917 shares, Lasco Financial closed at $4.20, with 107,352 stock units trading. Main Event traded with a loss of 20 cents at $5.10, with 34,220 shares, Paramount Trading settled with a loss of 10 cents at $2.90, with 9,027 stock units, Stationery and Office ended at $5.50, with 8,544 units trading and tTech added 50 cents to close at $7.55, with 9,320 shares changing hands.

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

8 stocks rise 8 fall

The main market closed with 8 securities rising, 8 falling and 7 traded firm with 3,975,709 units valued at $69,965,883 compared to 10,920,273 units valued at $178,163,037 on Tuesday.
In the main activity, Berger Paints finished trading at $16, with 75,396 stock units, Cable & Wireless lost 8 cents at $1.01, with 213,894 shares trading, Caribbean Cement ended 41 cents higher at $29.01, with 11,923 units, Carreras concluded trading at $11.50, with 749,555 stock units, Grace Kennedy finished trading with a loss of 24 cents at $42.76, with 18,410 shares. Jamaica Broilers finished trading at $18, with 318,870 units changing hands, Jamaica Producers settled with a loss of 40 cents at $15.60, in exchanging 24,091 shares, Jamaica Stock Exchange ended with a loss of 3 cents at $6.97, with 220 units, JMMB Group ended 60 cents higher at $27.60, with 157,825 stock units, Kingston Wharves settled $1.49 higher at $32.99, with 1,950 shares trading. Mayberry Investments concluded trading at $4.20, with 20,194 stock units, 1834 Investments finished at $1.40, with 2,079 units, PanJam Investment settled $1.50 higher at $41.50, with 285,310 units, Portland JSX ended trading at $9.15, with 2,000 shares, Pulse Investments concluded trading 1 cent higher at $1.61, with 47,439 units. Radio Jamaica ended with a loss of 1 cent at $1.14, with 36,167 shares trading, Sagicor Group finished with a loss of $1.99 at $38, with 33,719 stock units, Sagicor Real Estate Fund concluded trading 35 cents higher at $14.50, with 1,209 units, Scotia Group finished trading $1 higher at $52, with 478,019 shares, Seprod finished trading with a loss of $1.25 at $28.75 as 626 stock units traded. Supreme Ventures rose 1 cent and concluded trading at $11.99, with 366,286 shares. In the main market preference segment, JMMB Group 7.5% settled at $1.11, with 1,087,990 units In the US dollar market segment, Proven Investments closed with 11,330 units trading at 23.5 US cents.
Prices of securities trading for the day are those at which the last trade took place.

9 straight record close for JSE stocks

Trading on the Main Market of the Jamaica Stock Exchange ended with the ninth straight record close on Wednesday as 23 securities traded. At the close the All Jamaican Composite Index advanced by 759.39 points to 317,455.71 and the JSE Index advanced by 691.89 points to 289,238.05.
The main market closed with 8 securities rising, 8 falling and 7 traded firm with 3,975,709 units valued at $69,965,883 compared to 10,920,273 units valued at $178,163,037 on Tuesday.
In the US dollar market trading accounted for The JSE US dollar Equities Index declined by 2.29 points to close at 183.46 as 10,330 shares traded with a value of US$2,419.
Trading ended with an average of 172,857 units for an average of $3,041,995 in contrast to 455,011 units for an average of $7,423,460 on Tuesday. The average volume and value for the month to date amounts to 1,420,512 units valued at $19,679,752 and 1,498,491 units with an average value of $20,719,611 previously. In contrast, September closed with average of 536,395 units at $1,905,441 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 9 stocks with bids higher than their last selling prices and 3 with lower offers.

13 stock prices rose on Tuesday

The main market of the Jamaica Stock Exchange continues its bullish mood as trading closed with the 8 consecutive record on Tuesday, with the JSE All Jamaican Composite Index climbing 1,582.36 points to a record 316,696.32 and the JSE Index advancing 1,441.71 points to a record 288,546.16.
In the main activity, NCB Financial climbed back by $4 to close at $107 with 72,595 trading and Productivity Business traded 400 preference shares for a gain of $5 to close at a record high $105.
Berger Paints jumped 97 cents to close at $16, with 263,833 shares, this compares with the price of $10.88 that company’s majority shareholder offered, to buy out the minority shares and the company’s directors recommended as a fair value. Cable & Wireless traded 2 cents higher at $1.09, with 124,962 units, Caribbean Cement ended 50 cents higher at $28.60, with 82,419 shares, Carreras concluded trading 1 cent higher at $11.50, with 505,010 shares, Grace Kennedy settled 20 cents higher at $43, with 3,036 stock units, Jamaica Broilers ended with a loss of 49 cents at $18, after trading 13,309 units, Jamaica Producers finished at $16, with 5,905 stock units. Jamaica Stock Exchange traded 30 cents higher at $7, with 12,934 shares, JMMB Group closed with a loss of 50 cents at $27, trading 264,989 units, Kingston Wharves ended at $31.50, with 8,255 shares, Mayberry Investments closed with a loss of 40 cents at $4.20, with 73,720 stock units trading, 138 Student Living ended trading 9,581 shares at $5.40. PanJam Investment settled with a loss of $1.99 at $40, exchanging 925 units, Portland JSX gained 15 cents to end at $9.15, with 1,800 stock units, Pulse Investments concluded trading with a loss of 40 cents at $1.60, with 2,750 shares changing hands, Radio Jamaica settled at $1.15, with 50,837 stock units, Sagicor Group jumped 99 cents higher to $39.99, with 18,676 shares. Sagicor Real Estate Fund settled 15 cents higher at $14.15, with 580,923 stock units, Scotia Group closed 50 cents higher at $51, with 2,453,400 units trading, Seprod closed at $30, with 38,390 shares and Supreme Ventures finished 9 cents higher at $11.99, with 763,256 stock units. In the main market preference segment, JMMB Group finished trading with a loss of 1 cent at $1.10, with 5,568,368 units.
Prices of securities trading for the day are those at which the last trade took place.

8 consecutive record close for JSE – Tuesday

The Main Market of the Jamaica Stock Exchange closed at the 8th consecutive record high on Tuesday with the JSE All Jamaican Composite Index climbing 1,582.36 points to close at 316,696.32 and the JSE Index advanced by 1,441.71 points to 288,546.16.
Trading finished with 24 securities changing hands in the main market and 3 in the JSE US dollar market and resulted in 13 rising, 6 declining and 8 trading firm. The main market closed with 10,920,273 units valued at $178,163,037 compared to 2,056,868 units valued at $33,022,811 on Monday and the JSE US dollar market closed with 16,032 units traded, valued at US$4,842and leading to the JSE US dollar Equities Index advancing 2.74 points to 185.75.
Trading ended with an average of 455,011 units for an average of $7,423,460 in contrast to 97,946 units for an average of $1,572,515 on Monday. The average volume and value for the month to date amounts to 1,498,491 units valued at $20,719,611 and previously, an average of 1,571,292 units valued at $21,647,250. In contrast, September closed with average of 283,480 units at $3,630,990 for each security traded.
NCB Financial climbed back to $107 from Monday’s to close at $103, while Berger paints traded 263,833 shares to close at $16, up 47 percent above the price the directors said was a fair price for the minority shares. IC Insider.com estimate for earnings for the year to March 2018 places the PE at a low 7 times currently versus the average market of 13.6. Productivity Business traded 400 shares for a gain of $5to close at a record high $105.
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 a reading of 8 stocks with bids higher than their last selling prices and 3 with lower offers.

Juniors move higher again

Trading on the Junior Market of the Jamaica Stock Exchange ended on Tuesday with 15 securities changing hands, resulting in an exchange of 655,302 units valued at $3,576,610.
In contrast, 16 securities traded on Monday, resulting in 1,335,600 units valued at $7,277,183 changing hands.
The Junior Market Index advanced by 17.74 points to close at 3,063.64 as the prices of 3 securities advanced, 4 declined and 8 remained unchanged.
Trading ended with an average of 43,687 units for an average of $238,441 in contrast to 83,475 units for an average of $454,824 on Monday. The average volume and value for the month to date amounts to 76,654 units valued at $352,768 compared to 78,395 units valued at $358,806 previously. In contrast, September closed with average of 116,176 units valued at $538,652 for each security traded.
Trading ended with the market sentiments looking mixed for Wednesday’s trading activity as 3 stocks ended with bids higher than their last selling prices and 5 with lower offers.
In market activity, AMG Packaging finished at $3.50, with 5,064 units, Blue Power traded 300 units at $44.10, Cargo Handlers traded 9 cents higher at $11.09, with 7,140 stock units, Caribbean Flavours traded 581 units at $11, Express Catering ended trading at $5, with 48,599 units. Honey Bun finished at $5, with 16,575 stock units, Jamaican Teas concluded trading with a loss of 10 cents at $4, with 55,840 units, Jetcon Corporation lost 5 cents to finish at $4.80, with 13,566 shares, Knutsford Express settled with a loss of 19 cents at $14.80, with 20,230 shares trading. Lasco Distributors ended 1 cent higher at $6.50, with 84,181 stock units, Lasco Financial concluded trading at $4.20, with 104,660 shares, Lasco Manufacturing ended at $4.20, with 75,084 shares changing hands, Main Event closed 5 cents higher at $5.30, with 32,710 shares, Medical Disposables finished at $5.50, with 8,000 shares and Stationery and Office concluded trading with a loss of 10 cents at $5.50, with 182,772 shares trading.

NCB hits record high at $110

 NCB Financial surged to record high of $110 on Monday but failed to hold at this level, and closed with a fall of $4 from Friday’s close, while trading 66,239 units.
Gains in 7 securities in addition to an increase in the average price of NCB pushed the market to another record close with an increase of 1,123.42 points for the All Jamaican Composite Index, to a new record close of 315,113.96 and the JSE Index ending at a new closing high with a rise of 1,023.56 points to 287,104.45.
Trading in the main and US dollar markets ended with 22 securities changing hands, of which 7 advanced, 8 declined and 7 traded firm.
In market activity, Berger Paints rose $1.03 to $15.03, trading 88,561 shares, Cable & Wireless ended trading with a loss of 3 cents at $1.07, with 149,565 stock units, Caribbean Cement traded $1 higher at $28.10, with 354,168 stock units, Carreras finished with a loss of 1 cent at $11.49, with 173,526 stock units, Grace Kennedy closed at $42.80, with 16,111 shares. Jamaica Broilers lost 46 cents to end trading at $18.49, with 77,769 stock units, Jamaica Producers settled at $16, trading 10,675 units, Jamaica Stock Exchange ended with a loss of 30 cents at $6.70, with 75,914 stock units, JMMB Group settled at $27.50, with 75,887 shares, Kingston Wharves concluded trading at $31.50, with a mere 295 shares. Mayberry Investments ended 50 cents higher at $4.60, with just 300 units, 1834 Investments closed 5 cents higher at $1.40, with 84,295 shares, PanJam Investment climbed $2.49 higher to $41.99, with 28,445 stock units, Pulse Investments added 20 cents to close at $2, with 316,977 shares, Radio Jamaica traded 333,324 units at $1.15. Sagicor Group ended with a loss of 50 cents at $39, after 26,730 units changed hands, Sagicor Real Estate Fund concluded trading with a loss of $1 at $14, with 1,695 units being exchanged, Scotia Group jumped $1.42 to $50.50, with 56,422 shares, Seprod traded at $30, with 4,420 stock units and Supreme Ventures concluded trading at $11.90, with 115,550 shares. In the main market bond market NCB US 6% bond traded 19,000 units at J$131.02 after falling by 20 cents and In the US dollar market segment Proven Investments closed with 2,300 units trading at 23.5 US cents.