The JSE All Jamaican Composite Index moved higher at the close of trading on Monday by 1,123.42 points to a new record close of 315,113.96, for 50 percent gain in 2017 and the 7th consecutive record close.
The JSE Index made new closing high with a rise of 1,023.56 points to close at 287,104.4 and in the US dollar market, trading ended with just 2,300 units, valued at US$541 as the JSE US dollar Equities Index closed unchanged at 183.01 after one security traded, with no price change.
Trading on the Main Market of the Jamaica Stock Exchange ended trading on Monday with 21 securities changing hands, 7 advanced, 8 declined and 6 traded firm with 2,056,868 units valued at $33,022,811 compared to 5,159,785 units valued at $78,990,902 on Friday.
Trading ended with an average of 97,946 units for an average of $1,572,515 in contrast to 245,704 units for an average of $3,761,472 on Friday. The average volume and value for the month to date amounts to 1,571,292 units valued at $21,647,250 and 1,667,082 units valued at $22,952,418, previously. 
In contrast, September closed with average of 536,395 units at $1,905,441 for each security traded
NCB Financial surged to a new record intraday high of $110 but fell back, to close at $103, losing $3 from the last trade on Friday. Berger paints traded 88,561 shares to close at $15.03, up 38 percent above the price Ansa Coatings offered to buy the minority shares.
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 7 stocks with bids higher than their last selling prices and 2 with lower offers.
Forex inflows jump to US$87m on Monday
The Jamaican dollar made more gains in foreign exchange trading on Monday, closing 17 cents better to purchase one US dollar than on Friday, on a day that saw inflows surge to US$87 million for all currencies.
Sales of all currencies into Jamaica’s forex market ended at US$68.80 million, from US$101.2 million, previously. On Friday dealers purchased US$44.14 million, well below the amount bought on Monday.
Dealers sold US$57.69 million at $127.61 at the close of trading up from US$39.51 million at $127.78 on Friday. US currency purchases, amounted to US$76.03 million on Monday, at an average rate of $126.95 compared to Friday, with US$31.08 million at $126.73.
At Midday, dealers bought US$37.8 million at J$127.24 and sold US$28.57 million at J$127.64 compared to the buying of US$13.37 million at J$127.31 and selling of US$11.37 million at J$127.74 at the same time on Friday.
The selling rate for the Canadian dollar fell to J$101.44 from J$101.70 at the close on Friday. The selling rate for the British Pound slipped to J$166.91 versus J$168.55 on Friday and the euro dropped in value against the Jamaican dollar, to J$150.37 to buy the European common currency, versus J$152.45 previously.
Junior Market crawls higher – Monday
Trading on the Junior Market of the Jamaica Stock Exchange finished on Monday with 16 securities changing hands, resulting in the prices of 6 advancing, 4 declining and 6 remaining unchanged.
The market closed with an exchange of 1,335,600 units valued at $7,277,183 compared to 1,515,647 units valued at $7,693,114 on Friday as the Junior Market Index advanced by 11.77 points to close at 3,045.90.
Trading ended with an average of 83,475 units for an average of $454,824 in contrast to 65,898 units for an average of $334,483 on Friday.
The average volume and value for the month to date amounts to 78,395 units valued at $358,806 compared 75,762 units valued at $353,074 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 Tuesday’s trading activity as 2 stocks ended with bids higher than their last selling prices and 5 with lower offers
At the close of the market, AMG Packaging gained 1 cent to $3.50, with 1,000 shares, Caribbean Cream finished trading 9 cents higher at $5.99, with 16,882 shares, Caribbean Flavours traded with a loss of 90 cents closed at $11, with 10,000 units, Caribbean Producers concluded trading 4 cents higher at $3.74, with 8,813 shares. 
Express Catering finished trading at $5, with 106,874 units, General Accident concluded trading at $3, with 21,581 shares, Honey Bun finished trading at $5, with 20,000 units, Iron Rock closed at $3.15, with 63,640 stock units changing hands, Jetcon Corporation ended with a loss of 14 cents at $4.85, with 20,786 shares trading. Lasco Distributors climbed 19 cents to $6.49, with 604,447 shares, Lasco Financial finished trading at $4.20, with 9,850 units, Lasco Manufacturing closed 20 cents higher at $4.20, with 191,175 shares. Main Event fell 32 cents to $5.25, with 90,976 stock units changing hands, Paramount Trading finished with a loss of 20 cents at $3, with 34,560 shares, Stationery and Office added 10 cents to conclude trading at $5.60, with 132,451 stock units and tTech traded at $7.05, with 2,565 stock units changing hands.
NCB trades at record $107
NCB Financial Group trades at $107
NCB Financial (NCB) surged $13 to record high of $107 while trading 26,721 units, as 10 securities gained and pushed the JSE All Jamaican Composite Index by 8,028.94 points to a record close of 313,990.54.
NCB closed with just two offers for stocks placed on the market for sale at the close on Friday for a total of 5,320 shares, an indication that supply is drying up faster that demand for the stock.
Trading in the main and US dollar markets ended with 24 securities changing hands, of which 10 advanced, 7 declined and 7 traded firm.
In the market activity, Berger Paints closed $1.50 higher at $14, with 20,799 stock units changing hands, Cable & Wireless traded with a loss of 10 cents at $1.10, with 171,802 units, Caribbean Cement ended with a loss of 90 cents to end at $27.10, with 3,910 shares, 
Carreras finished trading 30 cents higher at $11.50, with 191,102 stock units, Grace Kennedy traded 11,334 shares and gained 30 cents to end at $42.80. Jamaica Broilers ended trading 94 cents higher at $18.95, with 562 stock units, Jamaica Producers ended trading at $16, with 2,066 shares changing hands, Jamaica Stock Exchange traded at $7, with 19,850 units, JMMB Group ended trading with a loss of 10 cents at $27.50, with 159,999 stock units, Kingston Wharves rose $1.50 to $31.50, with 5,248 units, Mayberry Investments settled with a loss of 11 cents at $4.10, with 73,995 shares, 1834 Investments ended at $1.35, with 4,390 units trading, PanJam Investment ended with a loss of $1.50 at $39.50, with 12,000 stock units. 
Radio Jamaica closed 5 cents higher at $1.15, with 73,031 units, Sagicor Group ended trading at $39.50 after rising $1.50, with 71,333 shares, Sagicor Real Estate Fund jumped 99 cents to a new high at $15, with 3,630,842 units, Salada Foods Jamaica finished with a loss of 20 cents at $9.80, with 2,000 stock units, Scotia Group finished trading with a loss of 92 cents at $49.08, with 247,759 shares. Supreme Ventures ended trading 40 cents higher at $11.90, with 13,160 stock units changing hands. In the main market preference segment, JMMB Group finished trading at $1.11, with 417,882 stock units, In the US dollar market segment, Productivity Business traded 135,846 shares at 57.5 US cents after losing 2.5 cents and Proven Investments closed with 4,015 units trading at 23.5 US cents and JMMB Group 6% US dollar preference share traded 1,500 units at $1.10.
Prices of securities trading for the day are those at which the last trade took place.
NCB leads JSE to 8,028.94 points rise
NCB Financial closed at a record $107 on Friday, pushing a stock split one step closer.
NCB Financial surged to a new record of high of $107 and along with 9 other stocks and pushed the JSE All Jamaican Composite Index by 8,028.94 points to a record close of 313,990.54 for a 49 percent gain in 2017.
The JSE Index to jumped 7,315.27 points to a record close of 286,080.89 on a day when two new record close was achieved by two securities. Trading picked up from Thursday’s low levels with 5,159,785 units valued at $78,990,902 trading compared to 3,438,708 units valued at $30,094,508 on Thursday.
Trading on the Main Market settled with 21 securities changing hands, of which 10 advanced, 6 declined and 5 traded firm. The US dollar market had 3 securities trading with one suffering a decline. Volume traded in this market was 141,361 units valued at US$80,724 and the US dollar Index fell 2.29 points to 183.01.
Sagicor Real Estate Fund closed at a new high of $15 after rising 99 cents, trading 3,630,842 units while Berger Paints closed at $14, but attempts were made to trade it as high as $17.50 but the price exceeded the 30 percent limit it could trade at for the day. 
Trading closed with bids to buy Berger ranging from a low of $11.02 to a high of $14 to purchase 259,773 shares, 204,458 units are on sale from a low of $16.75 for 41,583 units to most at $22 for 89,388 shares.
Trading ended with an average of 245,704 units for an average of $3,761,472 in contrast to 132,258 units for an average of $1,157,481 on Thursday. The average volume and value for the month to date amounts to 1,667,082 units valued at $22,952,418 and 1,765,920 units valued at $24,286,888, 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 a strong reading of 11 stocks with bids higher than their last selling prices and only 1 with a lower offer.
Junior Market quietly surging forward
Stationery & Office Supplies climbed to $5.50 on Friday
Trading on the Junior Market of the Jamaica Stock Exchange settled on Friday with 23 securities changing hands, resulting in an exchange of 1,515,647 units valued at $7,693,114 compared to 2,015,630 units valued at $11,835,081 on Thursday.
The market Index surged by 48.58 points to close at 3,034.13, stemming from the prices of 13 securities advancing, 3 declining and 6 remaining with prices unchanged.
Trading ended with an average of 65,898 units for an average of $334,483 in contrast to 125,977 units for an average of $739,693 on Thursday. The average volume and value for the month to date amounts to 75,762 units valued at $353,074 and 79,378 units with an average value of $354,819 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 Monday’s trading activity as 2 stocks ended with bids higher than their last selling prices and 4 with lower offers
At the close of the market, Access Financial closed 80 cents higher at $42, with 15,853 shares changing hands, AMG Packaging added 9 cents to end at $3.49, with 135,101 units trading, Cargo Handlers finished $1 higher at $11, with 415 units, Caribbean Producers traded 5 cents higher at $3.70, with 182,833 units. Eppley closed with a loss of $1 to end at $11, with 5,000 shares changing hands, Express Catering ended trading with a loss of 10 cents at $5, with 433,774 units trading, General Accident traded at $3, with 172,114 stock units, Honey Bun jumped 60 cents higher to $5, with 11,449 shares, Iron Rock ended trading at $3.15, with 5,000 shares. ISP Finance ended 50 cents higher at $18.50, with 2,500 units, Jamaican Teas ended at $4.10, with 60,447 units trading, 
Jetcon Corporation concluded trading 9 cents higher at $4.99, with 115,923 stock units having been exchanged, KLE Group rose 30 cents higher to $2.80, with 40,000 shares, Knutsford Express finished with a loss of 1 cent at $14.99, after 20,350 units were exchanged. Lasco Distributors traded 5 cents higher at $6.30, with 162,000 shares, Lasco Financial traded 6,955 units at $4.20, Lasco Manufacturing traded at $4, with 42,484 units, Main Event ended trading 21 cents higher at $5.57, after just 3,190 units changed hands, Medical Disposables settled 76 cents higher at $5.50, with 8,800 shares. Paramount Trading rose 40 cents to $3.20, with 2,825 units, Stationery and Office climbed 50 cents to $5.50, with 62,599 shares, tTech ended trading at $7.05, with 18,000 stock units changing hands and in the junior market preference segment, Eppley finished at $6, with 8,035 stock units trading.
Dealers sold C$76m on Friday
The Jamaican dollar made modest gains In the foreign exchange trading on Friday to close 3 cents better to purchase one US dollar than on Thursday on a day that saw C$76,397,101 being sold (US$60,805,327 equivalent) at J$101.70 versus J$102.76 on Thursday.
Dealers sold US$39.51 million at $127.78 at the close of trading up from US$33.81 million at $127.81 on Thursday. US currency purchases, amounted to just US$31.08 million on Friday, at an average rate of $126.73 compared to Thursday, with US$48.97 million at $127.99.
At Midday, dealers bought US$13,372,228 at J$127.31 and sold US$11,367,821 at J$127.74 compared to the selling rate of J$127.77 at midday on Thursday.
Inflows of all currencies into Jamaica’s forex market fell to US$44.14million, from US$58.03 million on Thursday while dealers sold US$101.2 million versus US$40.33 million, previously.
The selling rate for the British Pound rose to J$168.55 versus J$167.64 on Thursday and the euro rose in value against the Jamaican dollar, to J$152.45 to buy the European common currency, versus J$151.94 previously.
Is war about to break out for SVL board room?
War seems about to break out over board room composition at Supreme Ventures, as the largest block of shares in the company, recently underwent a major ownership change.
Accordingly, the current board issued a release on the matter today. The board noted the recent reports of the $2.9 billion block share transaction buy out of Supreme Ventures Limited (SVL), by Zodiac International Investments & Holdings Limited and Mayberry Investments.
The company confirms that it has received correspondence from Mayberry West Indies Limited for an Extraordinary General Meeting (EGM) to pass a resolution to remove seven current members of the SVL Board.
The current list of Directors include SVL’s Chairman, Paul Hoo, as well as Peter Chin, Richard Foreman, John Graham, Steven Hudson, Ian Moore and James Morrison.
Mayberry crossed 40m C&W shares.
The letter, sent jointly under the signatures of Mayberry West Indies’, Castries, St Lucia, Bamboo Holdings Limited and Konrad Mark Berry, also outlines the intent to appoint seven (7) new Directors to the SVL Board, namely Christopher Berry, Gary Peart, Nicholas Mouttet, David McConnell, Peter McConnell, Ansel Howell and Lance Hylton.
In acknowledging the developments, Chairman Paul Hoo stated, “We have been made aware of the intent of major shareholders to have the EGM and effect some changes at the Board level. The discussions are ongoing, and as such I cannot comment too much at this time. What we can definitively say is that the SVL Board holds the interest of its shareholders as paramount, and even as we deal with the issues arising out of these developments, we are reiterating our continued commitment to exercise our fiduciary responsibility to all shareholders, as well as to protect the image and reputation of our company and our committed team.”
According to SVL President & CEO, Ann-Dawn Young Sang, “Our dedicated team continues to remain focused to build and grow our great company.”
There have been recent reports in the media of the significant shareholder transactions in the last couple of weeks. Based on these transactions, the ownership interest of SVL’s major shareholder, Zodiac Caribbean Ventures Limited – former name, Intralot Caribbean Ventures Limited – (ICVL)) has been reduced from 49.896 percent to 38.3245 percent. ICVL will now be fully owned by Zodiac International Investments & Holdings Limited a company registered in St. Lucia. Mayberry is said to have recently picked up a block of 300 million units or around 11.375 percent of the company’s shares.
All Jamaican Index jumps 1,630.32 points
The Main Market of the Jamaica Stock Exchange closed at another record on Thursday with 26 securities changing hands, 9 advanced, 8 declined and 9 traded firm, leading the JSE All Jamaican Composite Index to jump 1,630.32 points to 305,961.60 and the JSE Index to gain 1,485.40 points to 278,765.62.
For the year to date, the All Jamaican Composite Index is up 45.6 percent and the JSE Index 45 percent.
In both the main and US dollar markets 30 securities traded. With the main market ending with 3,438,708 units valued at $30,094,508 changing hands compared to 2,338,963 units valued at $40,714,751 on Wednesday in the main market while trading In the US dollar market saw 4 securities changing hands, resulting in 21,938 units valued at 
US$8,171 changing hands. At the close the JSE US dollar Equities Index advanced by 0.49 points to close at 185.30.
Trading ended with an average of 132,258 units for an average of $1,157,481 in contrast to 101,694 units for an average of $1,770,207 on Wednesday. The average volume and value for the month to date amounts to 1,765,920 units valued at $24,286,888 and previously, 1,919,815 units valued at an average of $26,465,745. In contrast, September closed with average of 283,480 units at $3,630,990 for each security traded.
The average volume and value for the month to date amounts to units valued at 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 1 with a lower offer.
Moderate trading hits JSE majors
Trading on the main market of the Jamaica Stock Exchange was moderate on Thursday with 3,438,708 units, valued at just $30,094,508 changing hands but with the market closing at new record high.
Trading in the US dollar market saw 4 securities changing hands, resulting in 21,938 units valued at US$8,171 trading. A total of 26 securities changing hands in the main market with 9 advancing, 8 declining and 9 traded firm, leading the JSE All Jamaican Composite Index to jump 1,630.32 points to a record close of 305,961.60 and the JSE Index to gain 1,485.40 points to end at a record 278,765.62.
In the main activity, Barita Investments closed $1 higher at $9, with 29,895 shares trading, Berger Paints settled 90 cents higher at $12.50, with 3,308 shares, Cable & Wireless ended trading with a rise of 2 cents to $1.20, with 2,136,104 shares changing hands, Caribbean Cement ended 50 cents higher at $28, with 20,303 units, Carreras finished with a loss of 30 cents at $11.20, with 244,222 stock units trading, Grace Kennedy closed at $42.50, with 119,832 shares. Jamaica Broilers traded with a loss of 49 cents at $18.01, with 11,966 shares, Jamaica Producers closed at $16, with 10,229 units, Jamaica Stock Exchange finished trading with a loss of 20 cents at $7, after trading 1,000 shares, JMMB Group concluded trading 60 cents higher at $27.60, with 29,975 units, Kingston Wharves ended at $30, with 31,537 shares changing hands. Mayberry Investments finished at $4.21, trading 168,816 units, NCB Financial climbed by $1.50 to $94.50 while trading 13,287 units, 1834 Investments ended at $1.35, trading 2,500 units, PanJam Investment ended trading $2.40 higher at $41, with a mere 355 stock units, Portland JSX concluded trading at $9, with 4,500 shares. Radio Jamaica finished trading with a loss of 5 cents at $1.10, with 37,922 shares, 
Sagicor Group concluded trading with a loss of 50 cents at $38, with 18,876 stock units, Sagicor Real Estate Fund concluded trading 1 cent higher at $14.01, with 210,174 units, Salada Foods gained $1.50 t0 $10, with 1,000 stock units, Scotia Group finished trading with a loss of $3 to end at $50, with 203,381 shares. Seprod finished trading at $30, with 1,674 units and Supreme Ventures concluded trading with a loss of 50 cents at $11.50, with 14,502 units. In the main market preference segment, Jamaica Money Market Brokers 7.5% finished trading with a loss of 10 cents at $1.90, with 60,150 stock units, JMMB Group 6% preference share lost 4 cents to close at $1.10, with 63,000 shares. In the US dollar market segment, JMMB Group 6% preference share closed at US$1.11, with 2,230 shares Productivity Business traded 2,910 shares at 60 US cents and Proven Investments closed with 16,424 units trading at 23.5 US cents.
Prices of securities trading for the day are those at which the last trade took place.