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Breaking News

BOJ forex auction clears at J$131.36

Bank of Jamaica sold US$30 million that it auctioned on Wednesday, September 20, to eligible Authorised Dealers and Cambios, at an average of rate of J$131.36 to one US dollar. The central bank received … [Read More...]

Sharp resigns from Scotia

Jackie Sharp has resigned from Scotia Group word reaching IC Insider.com has confirmed. Sharp who took over from Bruce Bowen in 2013 handed in her resignation today the sources said. the resignation … [Read More...]

JSE AJI breaks 290,000 points

Helped by a jump of $2.99 in the price of Scotia Group shares in the early morning session on Tuesday to reach a record $54.99, the All Jamaica Composite Index is up to record levels, breaking through the … [Read More...]

JSE AJI index flirts with 280,000 points

Jamaica Stock Exchange main market indices surged sharply by the mid-day to come within a shade of a new resistance level of 280,000 point on the all Jamaica index. By Mid-day the All Jamaica Composite … [Read More...]

Company News

Profit jumps 69% at Main Event

Revenues at Main Event, rose 14.8 percent in the July quarter, to $290 million, compared to only 10 percent for the year to date to reach $942 million. The strong growth in revenues coupled with … [Read More...]

NCB Capital stock talk

NCB Capital Markets (NCBCM) recommends that investors maintain focus on stocks of companies with diversified revenue streams by operations, geography and currency in its latest recommendations on the … [Read More...]

Berger buyout offer extended

Ansa Coatings International, the major shareholder in Berger Paints Jamaica, announced an extension of their offer to acquire minority shares in the company to October 9. No other change has been made to … [Read More...]

JSE index up 8,700 points – Monday morning

In a moderate trading session on the main market of the Jamaica Stock Exchange on Monday the market index recovered almost all of the huge amount in excess of 10,000 points it lost of Friday. After an … [Read More...]

Feature Stories

JSE main market falls – Thursday

The main market of the Jamaica Stock Exchange indices suffering a big fall at the close on Thursday on limited volume. The All Jamaica Composite Index declined by 3,472.85 points to close at 285,659.32, the JSE Market Index fell 3,164.16 points to 260,267.95 and the JSE US dollar market index was down 0.45 points to 191.30. Big players in the days … [Read More...]

JSE rise on modest trading – Wednesday

In modest trading on the Jamaica Stock Exchange on Wednesday, the prices of 10 stocks rose and 5 fell in the main and US dollar markets, leading to gains in the main market indices, the third consecutive day of increase. Cigarette distributor, Carreras fresh from a 10 for 1 stock split, traded at a new 52 weeks’ high of $12 at the close while JMMB Group hit … [Read More...]

Recovery continues on JSE – Wednesday

Activity on the Jamaica Stock Exchange was tepid on Wednesday, with only $21 million of trade taking place. At the close of trading, 20 securities changed hands in the main market with 2 trading in the US dollar market. Trading closed with the prices of 10 stocks advancing and 5 declining in the main and US dollar markets leading to the third consecutive … [Read More...]

Junior Market drops 2%

Trading ended on the Junior Market of the Jamaica Stock Exchange Wednesday with 19 securities changing hands, resulting in an exchange of 852,002 units valued at $3,622,384 compared to 2,266,563 units valued at $14,319,936 on Tuesday. The Junior Market Index declined by whopping 61.17 points to close at 3,000.77. At the close of market activities, the … [Read More...]

Berger investors rebuffing Ansa offer

The main market of the Jamaica Stock Exchange closed trading with 25 securities changed hands, with declining stocks just edging out advancing ones, while 3 stocks traded in the US dollar market. The market closed with 9 stocks advancing and 11 declining based on the price the trade took place. Some noted trades include Berger Paints that continues to … [Read More...]

Junior Market trading rise index down

Trading on the Junior Market of the Jamaica Stock Exchange ended on Tuesday with 23 securities changing hands, resulting in an exchange of 2,266,563 units valued at $14,319,936 compared to only 807,449 units valued at $4,046,825 on Monday. At the close, the Junior Market Index declined by 7.96 points to close at 3,061.94 even as the prices of 9 advanced, 7 … [Read More...]

More recovery for JSE – Tuesday

Trading picked up on the main market stocks of the Jamaica Stock Exchange on Tuesday over Monday’s low level and the market indices made strong gains, continuing the recovery from last week’s steep fall and adding to Monday’s gains. At the close the All Jamaica Composite Index advanced 4,308.59 points to close at 288,621.38, the JSE Market Index gained … [Read More...]

Juniors up in moderate trading – Monday

In Junior Market trading on Monday activity fell sharply, compared to the levels on Friday. At the close of the market, just 16 securities changed hands, resulting in an exchange of only 807,449 units valued at $4,046,825. On Friday trading resulted in 5,878,774 units valued at $26,350,771 on Friday. At the close of market on Monday, the Junior Market Index … [Read More...]

High price movements on Monday

On a day of low trading activity 4 securities were dominant by movement in their prices on the main market of the Jamaica Stock Exchange as the market posted sizable gains in the indices. Carreras rose 45 cents in closing at $11.25 with 205,850 shares after the 10 for 1 stock split, recently approved by shareholders. NCB Financial Group jumped $8.94 to $89 … [Read More...]

JSE rebounds on limited trading – Monday

Major reversals in the closing prices Scotia Group, NCB Financial Group along with a rise in the price of Carreras after the 10 for 1 stock split, drove the Jamaica Stock Exchange indices sharply higher at the close on Monday. At the end of trading, the All Jamaica Composite Index jump of 7,363.43 points after rising over 9,000 points in the first hour of … [Read More...]

Huge surge in NIR mostly temporary

Jamaica’s international reserves surged to $4.25 billion at the end of August, with net reserves climbing to $3.67 billion, up from a net of US$2.74 billion at the end of July. The increase came from a number of sources with the inflows from the issue of bonds by the Government of Jamaica (GOJ) as well as inflows from the foreign exchange market. “The … [Read More...]

Critical trend investors must watch

Interest movements have a telling effect on the movement of stock prices and every investor should keep a keen eye on the direction of interest rates for clues to the direction of the market. Interest rate movement is only one factor, the other critical one is profit. The attached chart shows clearly the relationship between the two and highlights the … [Read More...]