Feature Stories — Page 506

20 stock gained 8 declined on JSE

May 20, 2015 by IC Insider.com

Berger closed at a 52 weeks’ high of $3 on Wednesday

Wednesday was another day of more stocks rising than falling, on the Jamaica Stock Exchange but the indices fell, with the number of stocks rising, smashing those declining 20 to 8. AT the end, 35 securities changed hands, with 7 of the stocks with gains ended at 52 weeks’ high at the close. The market closed with 4,856,849 units trading, valued at $34,575,790, in all market segments.
The JSE Market Index lost just 78.06 points to 98,270.35, the JSE All Jamaican Composite index declined 87.29 points to close at 108,589.10 and the JSE combined index dropped by 142.03 points to close at 100,587.96.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows stocks with bids higher than their last selling prices and with offers that were lower.

The stocks trading in the main market at new 52 weeks’ high, are, Berger Paints, Caribbean Cement, Desnoes & Geddes, Jamaica Broilers, Jamaica Producers, and Sagicor Real Estate Fund.
In trading, Berger Paints traded between $2.58 and the closing price of $3 with 80,658 shares and ended with an increase of 45 cents, Cable & Wireless had 806,875 shares trading between 42 cents and 47 cents, to close at 45 cents, with a loss of 2 cents from Tuesday’s last price. Caribbean Cement traded 1,477,569 shares between $5.50 and the final price of $5.30 to gain 30 cents, Carreras traded just 2,871 units with a gain of $1 to close at $50. Desnoes & Geddes traded 197,238 shares at $7.70 at the end, by putting on 45 cents. Grace Kennedy posted 25,988 units but lost $1.40, to end at $62.15. Jamaica Broilers put through 136,039 units and closed at $5.50, 1 cents higher than on Tuesday.

Jamaica Producers traded at $20 with a gain of $1.45 with 3,303 shares changing hands, JMMB Group lost $1.04 in trading 81,226 shares at $8.45, Mayberry Investments had 280,022 shares changing hands at $3.10 after trading at $2.85 and added 10 cents at the close. National Commercial Bank had 136,390 units with all trading at $30. Sagicor Group closed at $11.50 with 820,961 shares trading 49 cents down at the close, Sagicor Real Estate Fund had 5,880 units trading at a new high of $8 to gain 80 cents. Scotia Group traded 104,903 shares at $25.01, Proven Investments 93,007 shares at 19.5 US cents as the price slipped 1 US cent, Jamaica Money Market Brokers 7.50% preference share traded 145,200 units at $2.40 and Jamaica Money Market Brokers 8.75% preference share traded 199,980 units at 3.05.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, C&WJ, Caribbean Cement, Carreras, D&G, Grace Kennedy, Jamaica Broilers, Jamaica Producers, JMMB, Mayberry, NCB, Proven, Sagicor, Scotia

Rally maybe going on holiday

May 19, 2015 by IC Insider.com

Jamaica Broilers closed at a new 52 weeks high on Tuesday

In the first hour and a half of trading Tuesday, on the Jamaica Stock Exchange, the all Jamaican Composite Index was once more over the 110,000 market. It gained 322.01 points to 110,048.85 and the JSE Index was at 99,578.98, with a gain of 288.02 points.
By the end of trading, the market gave up all the gains and much more as the market continues to struggle to move away from the resistance level which it crossed over recently. The JSE Market Index lost 939.55 points to 98,348.41, the JSE All Jamaican Composite index fell 1,050.45 points to 108,676.39 and the JSE combined index dropped 1,010.08 points to close at 100,729.99.
Activity, resulted in the prices of 10 stocks rising, 12 declining as 35 securities changed hands, ending in 9,192,775 units trading, valued at $92,864,773, in all market segments. Only three new highs were recorded in the overall market, with Jamaica Broilers ended at $5.49 and Jamaica Stock Exchange at $3.55 as new 52 weeks closing highs in the main market.

IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 10 stocks with bids higher than their last selling prices and 3 with offers that are lower.
In trading, Berger Paints as it traded at $2.55 with 14,650 shares, but there is a strong bid at $2.55 to buy 123,873 shares. Cable & Wireless had 306,000 shares trading at 47 cents, Caribbean Cement traded 292,100 units to close at $5, Carreras traded 211,982 shares to close at $49, Gleaner posted 322,432 units to end at $1, Grace Kennedy gained 5 cents to close at $63.55 with 45,627 units, the stock traded at $65 during the trading session. Jamaica Stock Exchange put through 83,000 units and ended at $3.55, JMMB Group lost 51 cents in trading 219,760 shares at $9.49, at the close. National Commercial Bank had 113,179 units trading between $29.50 and $30.20, the closing price, as 20 cents was added.

Sagicor Group traded down to $11 during the day but ended up with a decline of 1 cent at $11.99, at the end with 5,150,556 shares, changing hands. Mayberry sold more than 3.5 million units mostly at $11 from their inventory and Sagicor Investments was another major buying and selling broker of the stock. Scotia Group put on 70 cents to $26 with 8,794 units trading, Seprod had 136,611 units changing hands at $18.50, and Supreme Ventures traded 116,465 shares between $3.89 and $3.95 but ended at $3.90 and Proven Investments slipped by half of a cent in trading 61,517 units at 20.5 US cents.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, BOJ, C&WJ, Caribbean Cement, Carreras, D&G, Gleaner, Grace Kennedy, Jamaica Broilers, JMMB, JSE Company, Mayberry, NCB, Proven, Sagicor, Sagicor Investments, Seprod, Supreme Ventures

JSE Markets up pace slowing

May 18, 2015 by IC Insider.com

Grace fell $1 after reporting a decline in Q1 profits

The main market indices of the Jamaica Stock Exchange recorded another day of gains on Monday, but the current run up for the main market, may be peaking, until the summer months. With the latest inflation number being very tame, the stage may be set for another round of lower interest rates that could ignite the market again before long.
Activity on the Jamaica Stock Exchange, resulted in the prices of 15 stocks rising, including 8 new 52 weeks’ high, 7 declining as 35 securities changed hands, ending in 4,079,019 units trading, valued at $46,667,393, in all market segments. The JSE Market Index gained 295.86 points to 99,287.96, the JSE All Jamaican Composite index rose 330.79 points to close at 109,726.84 and the JSE combined index gained/ put on 321.05 points to close at 101,740.07. Stocks closing at new 52 weeks’ highs, in the main market are, Berger Paints, Desnoes and Geddes, Caribbean Cement, Jamaica Broilers and Radio Jamaica.

IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 9 stocks with bids higher than their last selling prices and 3 with offers that were lower.
Stocks trading include, Berger Paints ended trading with 81,477 shares changing hands to close 20 cents higher at $2.55, Caribbean Cement closed with 240,866 shares trading, 89 cents higher, at $5.10, Carreras finished trading with 20,385 shares and lost 35 cents to close at $49, Desnoes & Geddes saw trading in 31,000 shares trading 5 cents higher at $7.25. Gleaner closed with 170,739 units trading, with the price unchanged at $1, Grace Kennedy finished trading with 42,032 shares and fell $1 to close at $63.50. Jamaica Stock Exchange concluded trading with 25,000 units trading with the last price unchanged at $3.50, JMMB Group completed trading in 11,506 shares changing hands and jumped $50 cents at $10,the stock closed with an offer at $9.49, Kingston Wharves had dealing in 34,221 units traded at 6 cents up to $6.26.

Mayberry Investments contributed 93,828 units to trading and close unchanged at $3, National Commercial Bank ended trading with 52,070 shares changing hands to close down by 50 cents at $30 and based on today’s trading which saw the bid that was at $30 for several days, to buy an undisclosed amount being pulled, it looks as if the price could fall back below $30, Radio Jamaica closed with 100,000 shares trading at $2.48 after adding 8 cents, Sagicor Group finished trading with 1,127,037 units but remained unchanged at $12, after it trading during the day at $11. Scotia Group ended trading 72,725 units to close 14 cents higher, at $25.30, Scotia Investments closed with 2,300 shares, 75 cents up at $25.50. Jamaica Money Market Brokers 8.75% preference share finished trading with 153,398 units changing hands to close 2 cents higher at $3.02 and Proven Investments 8% preference shares saw trading in 26,805 units with the price ending unchanged at $5, after gaining 50 cents earlier in the day before falling back.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Caribbean Cement, Carreras, Desnoes & Geddes, Gleaner, Grace Kennedy, Jamaica Money Market Brokers 8.75%, Jamaica Stock Exchange, JMMB Group, Kingston Wharves, Mayberry Investments, National Commercial Bank, Proven Investments 8%, Radio Jamaica, Sagicor Group, Scotia Group, Scotia Investments

Access now 1,000% of IPO price

May 18, 2015 by IC Insider.com

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General Accident closed at 52 weeks high on Monday but the company reported a decline of 74% in profits to hit $26m in Q1.

The Junior market closed at a new record to start off the week with 13 securities trading, with the price of stocks advancing and declining and closing at 52 weeks’ high. the most for some time, and ended with 1,683,746 units changing hands valued at $22,509,881 with Access Financial accounting for the bulk of the trade with Mayberry Investments selling 1,257,938 at a new high of $18, valued $21,452,426.
In closing at $18, Access is back at the IPO price before a ten for 1 spilt putting at the equivalent of $180 had the split not take place no other stock has performed so well on the Jamaica stock market in recent time. The stock was issued at $18 per share, making those who held on to see a 900 percent gain on their investment, plus dividends to add to the gains and the company is yet to stop growing.
The JSE Junior Market Index gained 4.60 points to close at a new all-time high of 896.80 and with 3 stocks closing at 52 weeks’ high. At the close of the market, there were 5 stocks with bids higher than their last selling prices and only 1 with a lower offer. The junior market ended with 3 securities closing with no bids to buy and 11 securities that had no stocks being offered for sale.
Other stocks trading in the junior market are, AMG Packaging ending with 27,885 shares changing hands ,to close at $3.25, Blue Power Group closed with 979 shares trading at $9.80, Caribbean Cream finished with 100,000 units to close at $1.20, Caribbean Producers with 32,000 shares trading, closed lower by 3 cents at $3.07. Consolidated Bakeries had 2,429 shares changing hands at $1, Dolphin Cove traded 3,525 shares with the price rising 27 cents, to a 52 weeks’ high of $11.02. <a href="http://icinsider.com/profit-up-at-general-accident-but-just/" title="Profit up at

General Accident but just”>General Accident Insurance concluded trading with 25,400 shares changing hands to close 10 cents higher at a 52 weeks’ high of $2.18, Honey Bun ended trading with 4,586 shares to end with a rise of 1 cent at $2.51. Jamaican Teas traded 194,500 at $3, Lasco Distributors traded 1,100 shares unchanged at $1.65, Lasco Financial Services finished trading with 15,000 units, the price remained at $1.31 and there was dealing in 18,304 Lasco Manufacturing’s shares as the stock traded lower by 5 cents at $1.40.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Blue Power Group, Caribbean Producers (CPJ), Consolidated Bakeries, Daily Trading, Dolphin Cove, General Accident, General Accident Insurance, Honey Bun, Jamaican Stock, Jamaican Teas, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing

19 stocks rose only 3 fell on JSE

May 15, 2015 by IC Insider.com

Hardware & Lumber gained $1.25 to a new high of $12 in response to news that Grace is in negotiation to sell their interest in the company

There were only three stocks declining on the Jamaica Stock Exchange on Friday, while 18 stocks rose, compared with the last traded prices on Thursday, but the main market indices dropped more than 500 points as Scotia Group fell back to $25.16. The market closed with 19 stocks rising, 8 of which closed at 52 weeks’ high, 3 declining as 28 securities changed hands, well down from the 41 that traded on Thursday. In the end a total of 5,475,513 units valued at $56,463,857 traded, in all market segments.
The rally started last year fuelled by falling money market rates with Treasury bill rate falling from over 9 percent to below 7 percent. The current rally is be fuelled by rising profits from the majority of companies reporting first quarter results.
The JSE Market Index lost 507.33 points to 98,992.10, the JSE All Jamaican Composite index fell 567.23 points to close at 109,396.05 and the JSE combined index declined 237.32 points to close at 101,419.02.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 15 stocks with bids higher than their last selling prices and 2 with offers that were lower.

Stocks in the main market trading to close at a 52 weeks’ high, are Berger Paints, Desnoes & Geddes, Hardware & Lumber, Jamaica Stock Exchange, JMMB Group and Mayberry Investments. In trading, Barita Investments ended with 622,050 shares changing hands to close at $2.35, Berger Paints closed with 55,162 shares trading, 27 cents higher at $2.35, Cable & Wireless finished trading with 619,569 shares to gain 1 cent to 47 cents, Caribbean Cement saw trading in 3,351 shares, to close 1 cent higher at $4.21. Carreras closed with 32,376 shares changing hands to close 35 cents up at $49.35, Desnoes & Geddes finished trading with 14,650 shares and gained 10 cents in trading to close at $7.20, Grace Kennedy concluded trading with 307,283 units trading with the last price unchanged at $64.50, Hardware & Lumber completed trading in 9,092 shares changing hands and jumped $1.20 at $12 as investors responded to news that Grace is discussing selling their stake in the company. Jamaica Broilers had dealing in 48,730 units traded at $5.16 to remain unchanged at the end. Jamaica Stock Exchange contributed 244,616 shares, the price jumped 60 cents or 21 percent in response to the company’s huge jump in their first quarter results showing profit of $87 million or 62 cents and ended at $3.50. Trading was halted for an hour after the price exceeded 15 percent. JMMB Group ended with 27,855 shares changing hands to close up by 10 cents at $9.60, Mayberry Investments closed with 12,289 shares trading at $3,after adding 12 cents, National Commercial Bank finished trading with 468,084 units unchanged at $30.50. Pan Jamaican Investment ended trading with 14,769 units 12 cents higher, at $58.25, Sagicor Group closed with 191,168 shares trading 15 cents lower at $12. Scotia Group finished trading with 88,383 shares changing hands to close 84 cents lower at $25.16, Seprod saw trading in 335,400 shares ending 25 cents up at $18.50 and Jamaica Money Market Brokers 7.50% preference share ended with 68,650 units trading with a 5 cents rise to $2.15.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paint, Cable & Wireless, Caribbean Cement, Carreras, Desnoes & Geddes, Grace Kennedy, H&L, Jamaica Broilers, Jamaica Money Market Brokers 7.50% preference share, Jamaica Stock Exchange, JMMB Group, Mayberry Investments, National Commercial Bank, Pan Jamaican Investment, Sagicor Group, Scotia Group, Seprod

Another new high for juniors – Friday

May 15, 2015 by IC Insider.com

The junior market has taken out resistance at 840 points and is heading for the next at 1,000

The Junior Market surged to a new high with the JSE Junior Market Index jumping 25.80 points to close at 892.20, leaving the previous resistance level of 840 points and is now poised to be heading to the next resistance around 1,000 points with the market having broken out of the range it’s been in since late 2011.
In market activity a total of 7 securities traded, ending with 2,307,958 units changing hands valued at $5,347,133. The prices of 5 stocks advanced including 2 securities closing at 52 weeks’ high and 1 stock declined. At the close of indications are that the market should climb on Monday as there were 7 stocks with bids higher than their last selling prices and only 1 with a lower offer. The junior market ended with 4 securities closing with no bids to buy and 8 securities that had no stocks being offered for sale.
Stocks trading in the junior market are,

Caribbean Cream jumped 15 cents or 14.29 percent to close at a new 52 weeks’ high $1.20 with 232,000 units changing hands, Caribbean Producers with 1,141,831 shares trading 22 cents higher at $3.10 after trading at $2.88, Dolphin Cove ending with just 100 shares changing hands to close higher by 55 cents at $10.75, for a new 52 weeks’ high but the bid to buy the stock is well down at $9.20 with offer at $11. General Accident Insurance concluded with 368,166 shares changing hands, closed unchanged at $2.08 but ended with a bid for 2,432 units at $2.18. Lasco Distributors traded 92,301 shares trading, 15 cent higher, at $1.65, Lasco Financial Services finished trading with 386,539 units changing hands as the price slipped 4 cent, to $1.31. There was dealing in 87,021 Lasco Manufacturing’s shares as the stock traded 11 cents up to $1.45.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Caribbean Producers (CPJ), Daily Trading, Dolphin Cove, General Accident, Jamaican Stock, junior market, Lasco, Lasco Distributors, Lasco Financial Services

21 stocks fell 9 rose & 4 new highs

May 14, 2015 by IC Insider.com

Mayberry traded 2.7 million shares to close at $2.88.

Activity on the Jamaica Stock Exchange, resulted in 41 securities changed hands with the prices of 9 stocks rising, 21 declining and ending with 5,742,458 units trading, valued at only $25,119,327, in all market segments. The last minute trade in some stocks with just a few units, raises questions about their validity.
The number of securities trading on Thursday is by far the largest, since IC Insider has been reporting from 2013. At the close, JSE Market Index gained 404.52 points to 99,499.43, the JSE All Jamaican Composite index rose 452.29 points to close at 109,963.28, after trading over 110,000 points during the day and the JSE combined index gained 356.44 points to close at 101,656.34.

There were 4 stocks closing at 52 weeks’ high in the entire market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 8 stocks with bids higher than their last selling prices and 5 with offers that were lower.
Stocks trading include, Barita Investments closed trading with 151,783 shares to end 11 cents lower at $2.26, Berger Paints had 9,858 shares trading with a gain of 8 cents to a 52 weeks’ high of $2.08, Cable & Wireless lost altitude by dropping 2 cents in trading 723,882 units, to end at 46 cents. Caribbean Cement trading 315,244 shares with the price falling to $4.20 rising back to $5, Desnoes & Geddes closed at $7.10 with 15,300 units trading, Grace Kennedy traded 106,525 shares to close down by 50 cents at $64.50 after trading as high as $65.25. The stock is unlikely to get any help in trading for the next few days as they reported lower profits in the March quarter with profit of $589 million versus $833 million in 2014. Hardware & Lumber traded just 1,750 shares to lose 25 cents to $10.75, Mayberry Investments traded 2,735,521 units up $3 but fell back to closed at $2.88, All the Mayberry shares were purchased through Mayberry Investments,

with JMMB Securities virtually all units with most being sold from JMMB inventory and bought by Mayberry for in house purposes. National Commercial Bank closed with a 51 cents loss with 92,298 shares trading to close at $30.50, Sagicor Group had just 14,630 shares trading at $12.15. Sagicor Real Estate Fund gained 68 cents with 9,427 shares trading, to end at $7.28, following first quarter report showing a big jump in profit to $570 million, from $242 million, in 2014, as the acquisition of a hotel in Montego Bay pumped up revenues and profit in the quarter, in the best period for income in the hotel sector. Salada Foods gained 25 cents with just 2,672 shares trading at $9.25, Scotia Investments ended shedding 25 cents while trading 2,150 shares to end at $24.75, Seprod ended with 120,515shares trading at $18.25 and Proven Investments had 5,000 shares trading to close at an all-time high of 21.25 US cents.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Caribbean Cement, D&G, Daily Trading, Grace Kennedy, H&L, Jamaica Broilers, JMMB Securities, Mayberry, Montego Bay, Pan Jam, Proven, Sagicor, Sagicor Real Estate Fund, Scotia, Scotia Investments, Seprod

One broker pulled juniors down

May 14, 2015 by IC Insider.com

Mayberry sold small volumes several individual stocks with less than two minutes to close, pulling the prices down.

On Wednesday the main market pulled back a few points, having surged for much of the day, with triple digit gains. Thursday was the turn of the junior market to see an apparent closing, that was lower by a few points, with prices trimmed minutes from the close for a number of stocks. The Junior Market ended with 17 securities trading, the most for some time, if not for all times and ended with 296,055 units changing hands valued at $653,047.
The JSE Junior Market Index declined 2.59 points to close at 866.40, with the price of only 3 stocks advancing and 8 declining and 2 closing at 52 weeks’ high as Mayberry intervened with less than 2 minutes to close by selling a series of small amounts to push several junior market stock prices down.
For most of the day until after 12 noon, the index for the junior market was in record territory to an all-time high. In early morning session junior stocks had put on 13.39 points to 882.38 points a then record. Several very small trades executed on the sell side by Mayberry Investments at 12.52 pm pushed the prices of several stocks down.

Access closed at an all time high of $17 but with only 200 shares purchased by MIL for in house purposes from JMMB

Prior to these trades Mayberry crossed 50,000 Lasco Distributors at $1.50, bringing the price down by 20 cents at 12:18 o’clock from the close on Wednesday and sold 13,000 units to Victoria Wealth Management at the same price for the last trade in the stock for the day. At the close the stock had a bid to buy 106,000 units at $1.52.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 3 with lower offers. The junior market ended with 4 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial trading at a new 52 weeks high of $17, but with just 200 units changing hands to gain $1.90, AMG Packaging ended with 2,115 shares changing hands, to close 5 cents lower, at $3.25. Blue Power traded 979 units to close with a gain of 99 cents at $9.80, to close at a 52 weeks’ high, Cargo Handlers finished with 5,000 units to close unchanged at $22.08, Caribbean Producers ended trading with 16,489 shares trading at $2.88. Consolidated Bakeries traded 968,369 units at $1 as the company reported first quarter results showing profit more than doubling from $4.6 million to $13.9 million.

General Accident Insurance concluded trading with 104,533 shares changing hands to close 7 cents lower at $2.08. Honey Bun had just one trade of a mere 2,729 shares with the price falling 40 cents, to $2.50, Jamaican Teas closed trading with 2,170 units and lost 25 cents to $2.65, Lasco Distributors traded 89,880 shares and dropped 20 cents to $1.50, Lasco Financial Services finished trading with 62,331 units, the price slipped 10 cents to $1.35. There was dealing in 9,629 Lasco Manufacturing’s shares as the stock traded lower by 1 cent to $1.34, Paramount Trading ended trading with 102,543 shares to end with an a fall of 28 cents at $3.71 and Derrimon Trading preference share finished traded just 1,000 shares to closed end up 25 cents at $2.25.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Blue Power, Cargo Handlers, Caribbean Producers (CPJ), Consolidated Bakeries, General Accident, Jamaican Stock, Lasco, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing, Paramount Trading, Purity, Victoria Wealth Management

Juniors closed at new high

May 13, 2015 by IC Insider.com

At the end of trading on Wednesday the Junior Market index had its third consecutive day of rising prices, to end at a new record of 868.99, at 8.03 points ahead of Tuesday’s record close. With 10 securities trading, the market ended with 707,451 units changing hands valued at $2,938,261. The JSE Junior Market close with the price of 5 stocks advancing and 1 declining including 1 closing at a 52 weeks’ high.
At the close, there were 3 stocks with bids higher than their last selling prices and only 1 with a lower offer, this is an early sign that investors may be cooling their aggressive stance in picking up stocks. The junior market ended with 3 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Cargo Handlers having 10,000 shares trading to close at $22.08, Caribbean Cream closed with 1,495,613 shares trading at $1.05, Caribbean Producers with 147,200 shares trading at $2.88, General Accident Insurance concluded trading with 86,000 shares changing hands to close 10 cents higher at a new 52 weeks’ high of $2.15. Honey Bun ended with 10,800 shares changing hands to close higher by 20 cents at $2.90, Jamaican Teas ended trading with 5,000 shares after adding 15 cents to end at $2.90, Lasco Distributors finished trading with 11,219 shares to closed at $1.70, Lasco Financial Services finished trading with 89,336 units, the price rose 8 cents to $1.45. There was dealing in 212,781 Lasco Manufacturing’s shares, the stock traded lower by 5 cents to $1.35 and Medical Disposables contributed 31,415 shares with the price remaining unchanged at $1.80.

Filed Under: Feature Stories, JSE Junior Market Tagged With: Cargo Handlers, Caribbean Producers (CPJ), Daily Trading, General Accident, Honey Bun, Jamaican Stock, Jamaican Teas, Lasco, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing, Medical Disposables

JSE cooled but 16 stocks still rise

May 13, 2015 by IC Insider.com

NCB gained $1.01 to close at a new 41/2 years’ high of $31.01

Activity on the Jamaica Stock Exchange, resulted in the prices of 16 stocks rising, 3 declining as 29 securities changed hands, ending in 4,719,789 units trading, valued at $62,109,230, in all market segments.
The JSE Market Index declined 29.63 points to 99,094.91, the JSE All Jamaican Composite index fell 33.14 points to close at 109,510.99 and the JSE combined index gained 49.81 points to close at 101,299.90, the latter due to the rise of junior market stocks.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 8 stocks with bids higher than their last selling prices and 2 with offers that were lower. This reading is well down from the double digits bids being higher for several days and may be an indication that price gains going forward for now may be cooling, that is the norm after results are out for the first quarter.

Another indicator of a slowing market is the number of new 52 weeks’ high have slowed with just 1 in the junior market and 3 in the main market.
Stocks changing hands includes, Cable & Wireless that traded 549,019 units to close unchanged at 48 cents, Caribbean Cement closed with 120,167 units trading, falling by 55 cents to $4.50, Carreras ended with a rise of 89 cents to $49 with 19,919 shares, Desnoes & Geddes traded 170,755 units at $7.11 up by 9 cents. Grace Kennedy traded unchanged at $65 with 46,504 shares, Jamaica Broilers closed down by 9 cents to end at $5.16 after trading at an intraday 52 weeks’ high of $5.50 with 95,942 shares being active, Jamaica Producers traded 8,502 shares at $18.52 and gained 2 cents. JMMB Group closed with 66,855 shares trading at a new 52 weeks’ high of $9.55 after gaining 5 cents, Kingston Wharves had 49,000 units trading to end 10 cents higher at $6.12,

National Commercial Bank closed $1.01 higher to a new 52 weeks’ high with 1,257,840 shares and ended at $31.01, after trading most at $30 and $30.50. Pan Jamaican closed with 17,824 units trading to end higher by 30 cents at $58.11. Proven Investments had 46,355 shares changing hands at 21 US cents, Radio Jamaica had just 2,936 units trading, to end at a new 52 weeks’ high of $2.40 as the stock gained 21 cents, at the close. Sagicor Group traded 113,272 shares to end higher by 6 cents at $12.16, Salada Foods had 40,000 units trading to end at $9, having fallen by 50 cents, Scotia Group traded 341,246 shares to close at $26 for a gain of 97 cents and Supreme Ventures had 100,000 units trading to end at $3.95.