JSE Daily: Technical Glitch Disrupts Trading. Further Exacerbated By Poor Communication – Jan 04, 2019

January 4, 2019

Stock market performance report for Friday 4th of January 2019 below.

Jamaica Stock Exchange (JSE)

Summary

  • JSE Combined Index – 2.1m shares / $33.8m traded. (16 Advanced / 32 Declined / 7 Firm) .
  • NOTE: Due to a technical issue, trading was delayed on all markets across the Caribbean today. Despite the unfortunate incident, the JSE failed to advise investors until 2:18pm, long after the market was expected to close. Very unacceptable. After receiving queries earlier today we checked and realized the issue. Investors should not have to check to discover an issue like this. Thankfully the Trinidad & Tobago Stock Exchange advised investors very early of this issue.

Market Performance

  • Ordinary Shares – Main Market – 1,306,038 shares, 31 stocks traded, 13 not traded.
  • Ordinary Shares – Junior Market – 1,019,766 shares, 23 stocks traded, 11 not traded.
  • Preference Shares – Main Market – 534 shares, 1 stocks traded, 19 not traded.

Top 5 Advancing Stocks (view all advancing stocks here)

  1. ISP Finance Services Limited (ISP) shares advanced 8.33% or +1.00 to close at J$13.00 with 3,300 shares traded.
  2. Sterling Investments Ltd (SIL) shares advanced 8.11% or +0.30 to close at J$4.00 with 73,017 shares traded.
  3. Supreme Ventures Ltd (SVL) shares advanced 5.76% or +0.94 to close at J$17.27 with 44,893 shares traded. (Today’s range: J$16.00 – J$17.50)
  4. Lasco Manufacturing Ltd (LASM) shares advanced 5.29% or +0.20 to close at J$3.98 with 13,300 shares traded. (Today’s range: J$3.85 – J$3.99)
  5. Lasco Financial Services Ltd (LASF) shares advanced 3.96% or +0.18 to close at J$4.72 with 25,861 shares traded. (Today’s range: J$4.60 – J$4.80)

Top 5 (Intra-Day) Advancing Stocks (Not including the top 5 advancers above)

  1. Proven Investments Ltd (Proven) traded between -4.76% and 4.76% above yesterday’s closing price of US$0.2100 ( from US$0.2000 to US$0.2200) . It closed at US$0.2000.
  2. Jamaica Money Market Brokers Group Ltd (JMMBGL) traded between -0.27% and 2.72% above yesterday’s closing price of J$33.09 ( from J$33.00 to J$33.99) . It closed at J$33.08.
  3. Jamaica Stock Exchange Ltd (JSE) traded at 2.38% above yesterday’s closing price of J$10.50. It closed at J$10.75.
  4. FosRich Company Ltd (FOSRICH) traded between 1.04% and 2.33% above yesterday’s closing price of J$3.86 ( from J$3.90 to J$3.95) . It closed at J$3.90.
  5. Berger Paints Ltd (BRG) traded as high as 2.27% above yesterday’s closing price of J$22.00 (between J$22.00 and J$22.50) . It closed at J$22.46.

Top 5 Value Traded

  1. Scotia Group Jamaica (SGJ) shares valued at J$7.4m were traded. The stock moved -5.78% or -3.21 to close at J$52.30 with 139,095 units traded. (Today’s range: J$52.01 – J$55.00)
  2. NCB Financial Group Ltd (NCBFG) shares valued at J$5.2m were traded. The stock moved -0.21% or -0.31 to close at J$149.12 with 35,433 units traded. (Today’s range: J$145.00 – J$149.90)
  3. Kingston Wharves Ltd (KW) shares valued at J$3.4m were traded. The stock moved -0.01% or -0.01 to close at J$75.01 with 45,491 units traded. (Today’s range: J$72.00 – J$76.00)
  4. Barita Investments Ltd (BIL) shares valued at J$2.3m were traded. The stock moved -2.12% or -1.15 to close at J$53.05 with 43,500 units traded. (Today’s range: J$51.00 – J$55.00)
  5. Express Catering Ltd (ECL) shares valued at J$2.1m were traded. The stock moved -3.65% or -0.30 to close at J$7.91 with 265,900 units traded. (Today’s range: J$7.90 – J$8.12)

Top 5 Volume Traded

  1. Express Catering Ltd (ECL) – 265.9k units traded. The shares moved -3.65% or -0.30 to close at J$7.91 (Today’s range: J$7.90 – J$8.12)
  2. Lasco Distributors Ltd (LASD) – 169.0k units traded. The shares moved -2.02% or -0.08 to close at J$3.89 (Today’s range: J$3.82 – J$3.92)
  3. Wisynco Group Ltd (WISYNCO) – 156.2k units traded. The shares moved -1.86% or -0.20 to close at J$10.56 (Today’s range: J$10.10 – J$10.90)
  4. Carreras Ltd (CAR) – 155.6k units traded. The shares moved -0.53% or -0.05 to close at J$9.43 (Today’s range: J$9.15 – J$9.48)
  5. Derrimon Trading Company Ltd (DTL) – 150.5k units traded. The shares moved -1.21% or -0.03 to close at J$2.45

Top 5 Declining Stocks (view all declining stocks here)

  1. Medical Disposables and Supplies Ltd (MDS) declined -12.17% or -0.91 to close at J$6.57 (trading between J$6.50 and J$7.00) with 10,588 shares traded
  2. Sagicor X Fund (XFUND) declined -9.65% or -1.23 to close at J$11.52 (trading between J$11.50 and J$12.00) with 2,517 shares traded
  3. 1834 Investments Limited (1834) declined -6.96% or -0.08 to close at J$1.07 (trading between J$1.05 and J$1.14) with 19,314 shares traded
  4. Scotia Group Jamaica (SGJ) declined -5.78% or -3.21 to close at J$52.30 (trading between J$52.01 and J$55.00) with 139,095 shares traded
  5. Proven Investments Ltd (Proven) declined -4.76% or -0.0100 to close at US$0.2000 (trading between US$0.2000 and US$0.2200) with 117,515 shares traded

Top 5 (Intra-Day) Declining Stocks (Not including the top 5 decliners above)

  1. Everything Fresh Ltd (EFRESH) traded as low as -7.37% below yesterday’s closing price of J$1.90 (between J$1.76 and J$1.90) . It closed at J$1.85.
  2. Sagicor Group Jamaica Ltd (SJ) traded as low as -6.23% below yesterday’s closing price of J$39.99 (between J$37.50 and J$39.99) . It closed at J$38.82.
  3. Wisynco Group Ltd (WISYNCO) traded between 1.30% and -6.13% below yesterday’s closing price of J$10.76 (from J$10.10 to J$10.90) . It closed at J$10.56.
  4. Barita Investments Ltd (BIL) traded between 1.48% and -5.90% below yesterday’s closing price of J$54.20 (from J$51.00 to J$55.00) . It closed at J$53.05.
  5. Radio Jamaica Ltd (RJR) traded as low as -5.56% below yesterday’s closing price of J$0.90 (between J$0.85 and J$0.90) . It closed at J$0.86.

Note:

  • JSE Combined Index (J$) includes Ordinary Shares – Main Market and Ordinary Shares – Junior Market
  • JSE Market Index (J$) includes Ordinary Shares – Main Market, Preference Shares – Junior Market, and Preference Shares – Main Market
  • JSE Junior Market Index (J$) includes Ordinary Shares – Junior Market, and Preference Shares – Junior Market
  • JSE US Equities Index (US$) includes Ordinary Shares – US Market, and US Denominated Shares – Main Market

 

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