The Jamaica Stock Exchange latest potential listing on junior market, Main Event, pulled in just over 1,000 applications worth $670 million dollars, being 458 percent over subscribed.
The offering which closed on the same day it opened Tuesday January 24, is one with the largest number of applicant and is in line with Caribbean Producers and General Accident both with more than 1,100 applications.
According to Gary Peart, Chief Executive officer of Mayberry Investments, the broker for the deal there were several small applications. The level of over subscription is far worse than meets the eye with 22 million shares available to the wider public, to be split up amongst approximately 900 applicants. That works out at around 25,000 shares for each applicant.
The interest in the shares and the low level of shares that will be allocated to each applicant is going to have an electric impact on the post listing pricing by the market.
Archives for January 2017
Huge interest in Main Event
January 26, 2017 by
Trinidad Cement price drops sharply
January 25, 2017 by
Trinidad Cement shares suffer big fall.
The market closed with the All Composite and the All T&T indices sustaining losses. Trading activity resulted in 3 stocks advancing, 8 holding firm and 2 declining. A total of only 95,386 units were exchanged at a value of $2,016,084 compared to 757,514 shares valued at $7,647,257 on Tuesday.
The Composite Index lost 1.03 points to 1,222.02, the All T&T Index declined 2.20 points to 1,837.12 and the Cross Listed Index only added 0.02 points to 81.19.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 8 stocks with bids higher than last selling prices and 9 with lower offers.
Gains| Grace Kennedy gained 4 cents to close at $2.68 with 35,738 units changing hands, Guardian Holdings added 3 cents, closing at $13.13 with an exchange of 477 shares and Sagicor Financial closed at a 52 weeks’ high of $8.55, an increase of 9 cents with 10,000 shares being traded.
Losses| Republic Financial Holdings closed at $108.34, a loss of 4 cents with trades of 1,744 shares and Trinidad Cement traded 4,000 shares to close at $5.05, after losing 45 cents.
Firm Trades| Ansa McAL closed at $65.84 with 40 units changing hands, Clico Investment traded 18,224 shares valued at $411,481 and closed at $22.58, National Enterprises exchanged 100 shares holding firm at $10.77, National Flour Mills was unchanged at $2.70 with an exchange of 3,651 shares. Prestige Holdings closed at $11 with trades of 422 units, Scotiabank with an exchange of 20,100 units valued at $1,180,863, to close at $58.75, Trinidad & Tobago NGL traded 470 shares and closed at $2.65 and L.J. Williams 8% preference share remained unchanged at $3.30 with 420 units, with ownership being switched.
New record close for JSE majors
January 25, 2017 by
Scotiabank traded large volumes on Wednesday.
The market enjoyed another day of good volumes, with values exceeding $237 million, as the market continues to trade above the $220,000 market for the fifth consecutive day.
The market closed with 45 securities changing hands, 19 stocks gained and 12 declined in the overall market, including 7 stocks rising and 7 falling, in the junior market. A total of 8 securities ended at new 52 weeks’ closing highs.
At the close the All Jamaica Composite Index gained 1,486.31 points to close at 215,646.20. The JSE Market Index rose 1,329.03 points to finish at 197,200.62 and the JSE combined index climbed 1,462.70 points to close at 211,694.92.
At the close with 13,315,100 units valued at $237,592,401 changed hands, compared to 10,692,647 units valued at $273,030,077 changing hands on Tuesday. Of the stocks traded, the junior market accounted for 6,155,150 units valued at $25,573,851.
The average trade for the day in the main market ended at 275,383 shares compared to an average of 360,513 units traded on Tuesday. An average of 467,399 units traded for the month to date, versus 659,416 units on the previous trading day. The average for the month of December ended at 549,379 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 17 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Barita closed at $5.75 after trading 100,000 shares, Berger Paints jumped $1 which pushed the price to a new closing high at $9.50 while trading 27,437 shares, Cable and Wireless ended with 96,651 units at $1.25, after gaining 5 cents, Caribbean Cement jumped $2.98 and traded 57,643 shares to close at $33.50. Carreras closed at $66.70 with a loss of 5 cents and 8,729 shares changing hands, 1834 Investments traded 50,000 units at $1.30, Grace Kennedy had 1,260 units trading to close at $40.50, Jamaica Broilers lost 23 cents and closed at $15.02 with 26,933 shares changing hands. Jamaica Producers traded 121,025 shares, gaining $1.80 to end at 52 weeks’ high of $11.80, Jamaica Stock Exchange traded 53,840 shares at $5.60, 
JMMB Group traded 623,532 units at $15.35 in gaining 4 cents, Kingston Properties closed at $8.50 with 18,435 units traded, Kingston Wharves ended up trading 30,000 units to close at $27.49, after losing 26 cents. National Commercial Bank swapped 134,201 shares to close at $52.60, Pan Jamaican lost 30 cents and closed at $29.65 with 11,923 units traded, Portland JSX gained 50 cents to close at $9.50 while trading 10,923 units. Pulse Investments traded 12,000 units, gaining 60 cents to close at a 52 weeks’ high of $4.95, Sagicor Group closed with 2,276,639 shares changing hands with a gain of 1 cent at $29.04, Scotia Group, with 3,010,131 shares changing hands, gained $1 to close at $37. Scotia Investments traded 2,091 units losing 50 cents to close at $32.50, Seprod traded 466,763 units and rose 30 cents to $29.80 and Supreme Ventures gained 11 cents in trading 10,371 shares to close at $5.21.
Juniors inched higher to new record close
January 25, 2017 by
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The junior market ended trading on Wednesday with a new closing high, with index staying above the 2,800 points level and held on for a moderate gain of 4.05 points at the close to end at 2,808.74, after rising as high as 2,830.08 points in the morning session.
The junior market trading ended with 19 security trading versus 14 that traded on Tuesday. Trading ended with prices of 7 stocks gaining and 7 declining. Five stocks closed at new highs during the day. The volume of stocks changing hands, ended at 6,155,150 units valued at $25,573,851, compared to 1,319,304 units changing hands valued at $8,881,627, on Tuesday.
An average of 323,955 units with an average value of $1,345,992 traded, compared to 94,236 units with an average value of $634,402 on the preceding trading day. The average for the month to date is 195,282 units with an average value of $1,013,387 versus 187,240 units with an average value of $1,032,952 for the previous trading day. The average for December ended at 131,147 units, with an average of $672,488.
The market closed with 11 stocks with bids higher than their last sale and one with a lower offer than the last sale.
At the close of trading, AMG Packaging closed at $22.60 with 15,614 units changing hands, Cargo Handlers gained 85 cents to end at $20.85, after 25,084 shares were traded, Caribbean Cream closed trading at $7.30 with 313,200 units changing owners, Caribbean Flavours lost $1.20 in trading 10,000 units to end at $10. Caribbean Producers traded 142,593 shares but fell 20 cents to $4.15, Consolidated Bakeries lost 25 cents and ended at $2.60 with 572,882 shares changing hands, Derrimon Trading ended at $5.90 with 26,700 shares changing hands, after rising 39 cents, Dolphin Cove ended at $13.50 with 7,072 shares trading, in recording a loss of 50 cents. General Accident traded at a 52 weeks’ intraday high of $3.50 but gained 5 cents at the close of trading with 49,657 shares at $3, Honey Bun fell 23 cents and closed with 5,130 shares having changed hands at $6.65, 
Jamaican Teas lost 25 cents to end at $8 with 25,565 shares being exchanged. Jetcon Corporation closed trading with 26,500 shares, to end with a rise of 30 cents at $10.30, KLE Group ended with 1,868 units changing hands at $2.20, Lasco Distributors ended trading with 43,100 units changing hands and gained 10 cents to end at $7.30. Lasco Financial had 51,904 shares changing hands and rose 15 cents to end at $3.80, Lasco Manufacturing with 96,444 units changing hands closed at $5.20, Medical Disposables gained 85 cents to end at $5.55 with 26,424 shares trading. Paramount Trading closed at $3.20 with 2,200 shares changing hands and Sweet River Abattoir with 4,713,213 units trading, lost 1 cent to end at $3.85
Juniors hit new record in early trading
January 25, 2017 by
Trading on the Jamaica Stock Exchange in the early morning session resulted in the junior market continue 
to hit new record but the main market rose moderately above Tuesday’s close in moderate trading across most stocks.
A number of stocks traded at new highs, these include Berger trading 5,708 units at $9.50, General Accident at $3.50 with just 100 units and Pulse Investments that traded 12,000 units at $4.90.
Securities changing hands, amount to 35 at 10:45 am. A total of 13 securities advanced and 7 declined, resulting in a volume of 1,042,543 shares changing hands, carrying a value of $12,874,286, the average trade in the early session amounted to 29,787 units.
The all Jamaica Composite Index rose 65.04 points to 215,711.24 the Jamaica Stock Exchange Market Index rose 58.15 points to 197,258.77, the Jamaica Stock Exchange combined index gained 314.96 points to 212,009.88 and the junior market index climbed 25.39 points to 2,830.08.
JSE majors shoot to 215,646 points
January 24, 2017 by
Kingston Wharves traded at a new high of $27.75 on Tuesday.
The market enjoyed another day of good volumes, with values exceeding $273 million, as the market continues to trade above the $240,000 market for the fourth consecutive day.
The market closed with 40 securities changing hands, 19 stocks gained and 9 declined in the overall market, including 9 stocks rising and 3 falling, in the junior market. A total of 8 securities ended at new 52 weeks’ closing highs.
At the close the All Jamaica Composite Index gained 1,486.31 points to close at 215,646.20. The JSE Market Index rose 1,329.03 points to finish at 197,200.62 and the JSE combined index climbed 1,462.70 points to close at 211,694.92.
At the close with 10,692,647 units valued at $273,030,077 changed hands, compared to 20,100,275 units valued at $241,271,357 changing hands on Monday. Of the stocks traded, the junior market accounted for 1,319,304 units valued at $8,881,627.
The average trade for the day in the main market ended at 360,513 shares compared to an average of 958,319 units traded on Monday. An average of 659,416 units traded for the month to date, versus 736,679 units on the previous trading day, compared with an average of 549,379 units, December ended with.IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 12 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Barita Investments fell 55 cents while trading 38,200 units to end at 5.75, Berger Paints was pushed by 51 cents to a new closing high of $8.50 while trading 10,000 shares. Cable and Wireless ended with 367,430 units at $1.20, after gaining 1 cent, Caribbean Cement traded 3,575 shares to close at $30.52. Grace Kennedy had 51,319 units trading to close at $40.50, gaining 2 cents, Jamaica Broilers lost 22 cents and closed at $15.25 with 4,936 shares changing hands, Jamaica Producers traded 54,929 shares, losing $1 to end at $10. Jamaica Stock Exchange traded 119,310 shares at $5.60, JMMB Group traded 301,370 units at $15.31, Kingston Wharves ended up trading 400 units to close at a 52 weeks’ high of $27.75, after gaining $2.74. National Commercial Bank added 60 cents in swapping 2,430,916 shares to close at $52.60, Pan Jamaican gained 20 cents to close at $29.95 with 3,593,683 units traded,
Portland JSX lost 1 cent to close at $9.00 while trading 4,000 units. Pulse Investments traded 30,000 units and closed at $4.35, Radio Jamaica ended at $1.40 with 137,162 shares trading, Sagicor Group had 490,590 shares changing hands, with a gain of 3 cents to end at $29.03, Sagicor Real Estate fund lost 70 cents in trading 8,525 units to close at $9.50, Scotia Group, with 17,550 shares changing hands, gained 50 cents to close at $36. Sterling Investments traded just 800 units but rose 5 cents to end at a 52 weeks’ high of $15.75, Supreme Ventures lost 11 cents in trading 1,498,655 shares to close at $5.10, Proven Investments traded 400 ordinary shares to close at 23 US cents and JMMB Group 7.5% preference share ended with 18,000 units trading at $2.15 after gaining 4 cents.
5 new junior high at 2,804 points rocord
January 24, 2017 by
Blue Power traded at a new high of $40.40.
The junior market trading ended with 14 security trading versus 14 that traded on Monday. Trading ended with prices of 9 stocks gaining and 3 declining. Five stocks closed at new highs during the day. The volume of stocks changing hands, ended at 1,892,208 units valued at $8,881,627, compared to 1,892,208 units changing hands valued at $12,483,279, on Monday.
An average 94,236 units with an average value of $634,402 traded, compared to 135,158 units with an average value of $891,663 on the preceding trading day. The average for the month to date is 187,240 units with an average value of $1,013,387 versus 193,440 units with an average value of $1,038,653 on Monday.
The average for December is 131,147 units, at an average of $672,488.The market closed with 8 stocks with bids higher than their last sale and one with a lower offer than their last sale.
At the close of trading, Access Financial Services gained 10 cents in trading traded 4,000 units to close at an all-time high of $25.30, after it traded earlier at and all time high of $26.55. AMG Packaging gained $1.60 to close at $22.60 with 3,350 units changing hands, Blue Power close at a new all-time high of $40.40 to gain $3.40 while traded 2,500 shares. Caribbean Cream rose 20 cents and closed trading at $7.30 with 792,369 units trading, Caribbean Producers, traded 5,000 shares and rose 20 cents to $4.35. Consolidated Bakeries added 30 cents and ended at new high of $2.90 with 10,000 shares changing hands, Dolphin Cove ended at $14 with 3,540 shares trading, Honey Bun closed with 124,824 shares changed hands at $6.88,
Jamaican Teas jumped 65 cents to end at a new closing high of $8.25 with 32,521 shares being exchanged. Jetcon Corporation traded at an all-time high of $11 in the morning session, but closed trading with 49,554 shares, to end with a fall of 30 cents at $10, Lasco Distributors ended trading with 50,000 units changing hands and fell 10 cents to end at $7.20, Lasco Financial with 20,919 shares changing hands, rose 5 cents to end at $3.65. Lasco Manufacturing with 112,627 units changing hands rose 10 cents to close at $5.20 and Paramount Trading fell 10 cents to close at $3.20 with 108,100 shares changing hands.
Gains for 58% of TTSE traded stocks
January 24, 2017 by
Scotia Investments ended at a 52 weeks’ high on Tuesday on the TTSE.
Trading ended with 7 stocks advancing, 3 holding firm and 2 declining. A total of 757,514 units were exchanged at a value of $7,647,257 compared to 2,076,758 shares valued at $12,907,895 on Monday.
The Composite Index gained 0.75 points to 1,223.05, the All T&T Index declined 1.46 points to 1,839.32 and the Cross Listed Index added 0.40 points to 81.17.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| Angostura Holdings added 1 cent to close at $14.71 with 30,000 shares traded at a value of $441,300, Clico Investment gained 7 cents to close at $2.58 with 60,000 units exchanged valued at $1,355,000, Grace Kennedy closed trading at $2.64, gaining 4 cents with 567 units changing hands. Praetorian Property Fund added 9 cents, closing at $2.85 with 20,000 units switching owners. Sagicor Financial closed at a 52 weeks’ high of $8.46, rising 31 cents with 46,239 shares being transferred, valued at $391,197,
Scotia Investments traded 20,000 shares to close at a 52 weeks’ high of $2.20, having gained 10 cents and Trinidad & Tobago NGL rose 13 cents to $20.65 with an exchange of 3,761 units.< Strong> Losses| Ansa McAL closed at $65.84, with a loss of 12 cents in exchanging 30,814 units valued at $2,028,672 and Massy Holdings traded 4,221 shares to close at $51.44, after losing 4 cents.
Firm Trades| Scotiabank held firm at $58.75 with 2,021 units changing hands, Trinidad Cement remained unchanged at $5.50 but 539,691 shares being traded having traded as low as $5.20 during the trading session and West Indian Tobacco closed trading at $127 with 200 units changing owners.
Jamaican majors end at 214,159 points.
January 23, 2017 by
Jamaica Producers rose by $1.47 to end at a 52 weeks’ high of $11.
The market closed with 33 securities changing hands, 16 stocks gained and 10 declined in the overall market, including 6 stocks rising and 7 falling, in the junior market.
At the close the All Jamaica Composite Index gained 1,313.02 points to close at 214,159.89. The JSE Market Index rose 1,174.08 points to finish at 195,871.59 and the JSE combined index climbed 1,134.09 points to close at 210,232.22.
At the close with 20,100,275 units valued at $241,271,357 changed hands, compared to 38,043,877 units valued at $286,247,575 changing hands on Friday. Of the stocks traded, the junior market accounted for 1,892,208 units valued at $12,483,279.
The average trade for the day in the main market ended at 958,319 shares compared to an average of 601,774 units traded on Monday. An average of 736,679 units traded for the month to date, versus 515,038 units on the previous trading day, compared with an average of 549,379 units, December ended with.IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 14 stocks with bids higher than their last selling prices and 5 with lower offers.
In market activity, Investors continued to react positively to nine months results, showing a sharp hike in profit for Berger Paints, pushing the price to a new closing high at $7.99 while trading 25,000 shares. Cable and Wireless ended with 465,017 units at $1.19, after gaining 7 cents, Caribbean Cement traded 46,985 shares to close at $30.52 with a rise of 2 cents, Grace Kennedy had 177,361 units trading, to close at $40.48, after gaining $1.48, Jamaica Broilers lost 3 cents and closed at $15.47 with 6,876,548 shares changing hands. Jamaica Producers traded 22,200 shares, rising by $1.47 to end at a 52 weeks’ high of $11, Jamaica Stock Exchange traded 75,579 shares at $5.60,
JMMB Group traded 42,686 units at $15.31, Kingston Wharves ended up trading 8,361 units to close at $25.01, after losing 29 cents. Mayberry traded 7,500 shares and closed at $4.25, gaining 20 cents in the process, National Commercial Bank added 50 cents in swapping 381,306 shares to close at $52, Pan Jamaican traded 12,723 units to close at $29.75, Portland JSX added 1 cent to close at $9.01 while trading 10,000,000 units. Sagicor Group closed with 37,440 shares changing hands with a loss of 4 cents at $29, Sagicor Real Estate fund gained 20 cents in trading 2,000 units to close at $10.20, Scotia Group, with 900 shares changing hands, gained 50 cents to close at $35.50 and Supreme Ventures traded 5,500 shares to close at $5.21.
Juniors inch upward to new record
January 23, 2017 by
Jamaican Teas traded at a new closing high of $7.60 on Monday.
The junior market trading ended with 14 security trading versus 21 that traded on Friday. Trading ended with prices of 6 stocks gaining and 7 declining. The volume of stocks changing hands, ended at 1,892,208 units valued at $12,483,279, compared to 22,999,535 units changing hands valued at $127,583,667, on Friday.
An average 135,158 units with an average value of $891,663 traded, compared to 1,095,216 units with an average value of $6,075,413 on the preceding trading day. The average for the month to date is 193,440 units with an average value of $1,038,653 versus 197,604 units with an average value of $1,049,152 on Friday. The average for December is 131,147 units, at an average of $672,488.
The market closed with 10 stocks with bids higher than their last sale and none with lower offers than their last sale.At the close of trading, AMG Packaging dropped $3.52 to close at $21 with 2,080 units changing hands, Cargo Handlers traded 8,684 shares at $20, Caribbean Cream fell 20 cents and closed trading at $7.10 with 6,360 units trading, Caribbean Producers, traded 631 shares and rose 5 cents to $4.15. Consolidated Bakeries ended at $2.60 with 80,000 shares changing hands, Honey Bun closed with a rise of 67 cents while 55,340 shares changed hands, at $6.88,
Jamaican Teas jumped $1.10 to end at a new closing high of $7.60 with 60,557 shares being exchanged. Jetcon Corporation traded 40,750 shares to end at a 52 weeks’ closing high of $10.30, Knutsford Express traded 284 units to close at $24.51 after rising 46 cents, Lasco Distributors with 1,227,427 units trading fell 5 cents to end at $7.30, Lasco Financial with 25,000 shares changing hands declined 9 cents to end at $3.60. Lasco Manufacturing with 354,159 units changing hands lost 8 cents and closed at $5.10, Medical Disposables rose 25 cents to close at $4.70 with 10,940 shares changing hands and tTech traded 19,996 shares to close at $6.01, after falling 49 cents.
