National Commercial hits record at $58

NCB traded 5.8m shares up to $58 for an intra-day  high.

NCB traded 5.8m shares up to $58 for an intra-day high.

The Jamaica Stock Exchange main market pulled back slightly from the record close on Wednesday at $9 even as National Commercial Bank traded at a new intraday high of $58, with 4.8 million units trading.
At the close the All Jamaica Composite Index lost 333.38 points to close at 191,454.46, with the year to date gains at 14 percent. The JSE Market Index fell 298.11 points to finish at 172,236.12 and the JSE combined index eased by 15.03 points to end at 185,121.93 with a gain for the year to date of 17 percent.
At the close 5,034,107 units valued at $245,730,492 changed hands, compared to 35,034,107 units valued at $28,268,540 changing hands on Wednesday. The junior market accounted for 599,996 units trading valued at $2,314,012 of the stocks traded.
The average trade for the day in the main market ended at 282,822 and 191,250 units month to date. On Wednesday, an average of 125,962 units traded and for the month to date, 117,386 units, in comparison the average for the October was 220,811 units.
ICI JSE sum 17-11-16The market closed with 35 securities trading as the prices of 13 gained while 13 declined in the overall market, including 4 stocks rising and 5 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 19 stocks with bids higher than their last selling prices and just 6 with lower offers.
In market activity, Barita Investments lost 9 cents in trading 68,100 units to close at $4.11, Cable & Wireless closed at 80 cents with 95,301 units trading, Caribbean Cement climbed by $1.25 with 15,900 units changing hands, to close at $30.55, Carreras loss 50 cents in trading 3,000 shares to end at $65.50. Grace Kennedy ended up trading 13,000 units at $41.44 after gaining 4 cents, Jamaica Broilers rose 7 cents and closed at $14.58 with 4,935 shares changing ownership, Jamaica Producers rose 30 cents to end at $8.30 with 129,016 units trading. ICI -JSE fn Qts -17-11-16Jamaica Stock Exchange ended at $5.70 after trading 396,314 shares, JMMB Group close trading with 287,849 shares to end with a gain of 50 cents at $14.50, Mayberry Investments traded 9,925 shares to close at $3.75. Pan Jamaican Investment (soon to become PanJam Investment limited with shareholders approving the name change) gained 90 cents and closed at $23.70 after trading 9,780 shares, Portland JSX traded 9,100 units with the price recovering 79 cents to $11, for an all-time low. Radio Jamaica lost 2 cents in trading 30,611 shares at $1.30, Sagicor Group had 35,900 shares changing hands and fell 9 cents to close at $24.01, Scotia Group shed 20 cents in trading 33,025 shares to close at $31.30, Seprod dropped $1.67 in trading 3,033 shares to end at $25.83. Proven Investments ordinary share traded 16,060 units and ended at 19.50 US cents, JMMB Group 7.50% preference share lost 1 cent in trading 517,006 units at $1.08.

Juniors rise on Thursday

Jetcon ended trading at a new closing high of $5.20 on Thursday.

Jetcon ended trading at a new closing high of $5.20 on Thursday.

The junior market index climbed 25.45 points to end at 2,471.74 on Thursday as the prices of 4 stocks rose and 5 declined with 12 securities trading. The gain for the junior market index for the year to date inched up to 38 percent.
The volume of stocks traded dropped sharply on Thursday with the volume falling 68 percent from Wednesday’s level and ending with just 599,996 units changing hands, valued at $2,314,012, down 68 percent from $7,271,634 on Wednesday.
Market activities ended with 9 securities closing with bids higher than their last selling prices and 5 ending with lower offer.
ICI Jm sum 17-11-16An average of 50,000 units with an average value of $192,834 traded, compared to 134,647 units with an average value of $519,402 on the preceding trading day. The average for the month to date is 132,360 units for an average of $778,840 compared to 139,223 units valued at $827,673 on Tuesday and 129,138 units with an average value of $709,705 for October.
In trading activity, Caribbean Flavours traded 1,650 units and fell 10 cents to end at $8.40, Caribbean Producers traded 75,305 shares to end at $3.30, C2W Music traded 8,000 shares and close at 25 cents, Honey Bun with 3,000 shares changing hands, declined by 29 cents to end at $5.80. ICI Jm trds 17-11-16Jamaican Teas traded 8,623 shares but lost 10 cents to close at $3.90, Jetcon Corporation traded 17,138 shares to close at $5.20, for an all-time high, KLE Group slipped 10 cents in trading 50,000 shares and closed at $1.60, Lasco Distributors ended with 1,400 shares trading at $7, after rising by 50 cents. Lasco Financial rose 10 cents and ended with 100,966 shares changing hands at $3.20, Lasco Manufacturing closed at $4.90 with 212,067 shares changing hands after gaining 15 cents, Medical Disposables traded 3,000, shares to close at $4.78 and Paramount Trading lost 15 cents to end at $3.85 with 118,847 shares changing hands.

Stocks shrug off interest rate rise

Ja inf-stks 11-16.The latest issue of Treasury bill offerings saw the 182 instrument climbing 40 basis points to 6.2 percent while the 91 days T-bill rose marginally to virtually hold at 5.70 percent just a tad above the average in October.
The 28 day T-bill slipped from 5.78 percent to 5.70 percent. At the same time the main market All Jamaica Composite index continues to climb with some companies posting good increased profits.
The rise in the 192 days instrument comes against the back drop of stability in the exchange rate for November to date, very low inflation that seems headed to around than 2 percent for 2016. The change in rates also comes against the change in Bank of Jamaica policy to offer Certificate of Deposits daily to the market to bid on.

BOJ should cut inflation forecast

StatinInflation rate in Jamaica remains at a low level for October with the rate receding from 0.5 percent in September to 0.2 percent in the latest compilation by the Statistical Institute of Jamaica (Statin).
The rate of inflation for the calendar year-to-date was 1.1 per cent, while increase for the last twelve months to October is up 1.8 percent. The fiscal year-to-date registered an increase of 2.4 percent and is running well below the central bank’s forecast of 4.5 to 6.5 percent.
The month by month increase for 2016, should end just under 2 percent for the full year, suggesting that its time the central bank adjusts their fiscal rate target sharply down, with the price of oil under pressure and the prospect that electricity rates should decline with Jamaica Public Service switching to LNG to power their Bogue plant.

The fiscal deficit was wiped out by Peter Phillips as Minister of Finance after his fellow minister Omar Davies ran up huge deficit an high inflation under his watch

The fiscal deficit was wiped out by Peter Phillips as Minister of Finance after his fellow minister Omar Davies ran up huge deficit an high inflation under his watch

According to Statin, “the main contributors to this movement were the 0.5 percent increase in the index for the division ‘Food and Non-Alcoholic Beverages’ and 0.2 percent rise in the ‘Transport’ division.”
Higher prices for vegetables and starchy Foods’ with an increase of 1.6 percent and movement for the division ‘Transport’ mainly attributable to higher prices for petroleum locally impacted the overall increase in inflation. A decline in electricity rates charged to consumers helped to moderate the increase.
The continued low inflation is aided by a fall in oil prices and other commodities on the world market but most telling, is the elimination of the huge government fiscal deficit in the past. The large deficit helped to fuel high levels of inflation and severe instability in the rate of exchange for the local currency.

Juniors drop to 2,446.29 – Wednesday

JM Sign The junior market traded at a new intraday high of 2,522.83 on Tuesday but closed at 2,485.13 and continued the decline with a sharp 38.84 points fall on Wednesday, to close at 2,446.29 even as the prices more stocks rose than declined. The fall in the market index brings the gain for the year to date at 37 percent
The volume of stocks traded rose on Wednesday with the volume climbing 46 percent from Tuesday’s level and ending with 1,885,054 units changing hands, valued at $7,271,634, up 32 percent from $5,509,660 on Tuesday.
At the close of trading, 14 securities changed hands, down from 17 on Tuesday. 6 stocks advanced and 4 declined, including 1 that traded at a 52 weeks’ intra-day high.
Market activities ended with 7 securities closing with bids higher than their last selling prices and 1 ending with a lower offer.
ICI Jm sum 16-11-16 An average of 134,647 units with an average value of $519,402 traded, compared to 75,933 units with an average value of $324,098 on the preceding trading day. The average for the month to date is 139,223 units for an average of $827,673 compared to 139,639 units valued at $855,698 on Tuesday and 129,138 units with an average value of $709,705 for October.
In trading activity, Caribbean Cream regained 20 cents and closed with 122,116 shares changing hands at $7.30, Caribbean Flavours traded 3,350 units to end at $8.50, Caribbean Producers rose 9 cents in trading 485,148 shares to end at $3.30, C2W Music traded 1,000 shares and rose 2 cents to 25 cents. Dolphin Cove ended at $15.29 with 2,174 shares trading, General Accident loss 5 cents and closed with 500,000 units changing hands to end at $3.10, Honey Bun with 7,330 shares changing hands rose 19 cents and closed at $6.09,ICI Jm trds 16-11-16 Jetcon Corporation traded 20,100 shares to close at $5.02, but traded as high as $for an intraday all-time high. Key Insurance gained 15 cents with 145,963 shares trading to end at $2.15, in response to the company posting improved results for the September quarter compared to a loss in the June quarter, KLE Group climbed 10 cents in trading 70,000 shares and closed at $1.70. Lasco Distributors ended with 92,344 shares trading at $6.50, after declining by 39 cents, Lasco Financial ended with 4,651 shares changing hands at $3.10, Lasco Manufacturing closed at $4.75 with 380,890 shares changing hands after slipping 15 cents and Paramount Trading lost 1 cent to end at $4 with 49,988 shares changing hands.

Record 191,788 close for JSE stocks

Bulls in cautious run on Jamaican stocks

Bulls in cautious run on Jamaican stocks

The Jamaica Stock Exchange main market surged on Wednesday as movement in National Commercial Bank shares between Tuesday and today help drive the All Jamaican index by 1,682 points to a new all-time closing high. Trading volume rose above Tuesday’s levels but with a lower dollar value.
At the close the All Jamaica Composite Index climbed 1,682.71 points to close at 191,787.84, with the year to date gains at 13 percent. The JSE Market Index rose 1,504.65 points to finish at 172,534.23 and the JSE combined index gained 996.34 points to end at 185,136.96 with a gain for the year to date of 17 percent.
At the close 5,034,107 units valued at $28,268,540 changed hands, compared to 3,554,573 units valued at $49,191,747 changing hands on Tuesday. The junior market accounted for 1,885,054 units trading valued at $7,271,634 of the stocks traded.
ICI JSE sum 16-11-16 The average trade for the day in the main market ended at 125,962 and 117,386 units month to date. On Tuesday, an average of 90,548 units traded and for the month to date, 99,679 units, in comparison the average for the October was 220,811 units.
The market closed with 39 securities trading as the prices of 14 gained while 14 declined in the overall market, including 6 stocks rising and 6 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 16 stocks with bids higher than their last selling prices and just 3 with lower offers.
In market activity, Barita Investments traded 14,000 units to close at $4.20, Berger traded 14,500 shares to gain 15 cents and close at $6.50, Cable & Wireless closed at 80 cents with 167,652 units trading, Caribbean Cement lost 65 cents with 26,557 units changing hands, to close at $29.30, Carreras gained $1 in trading 6,500 shares to end at $66. Ciboney traded 254,900 units and closed at 18 cents, Grace Kennedy ended up trading 42,866 units at $41.40 after easing 3 cents, Jamaica Broilers fell 7 cents and closed at $14.51 with 32,302 shares changing ownership, Jamaica Producers lost 20 cents to end at $8 with 124,267 units trading.ICI -JSE fn Qts -16-11-16Jamaica Stock Exchange rose 19 cents and ended at $5.70 after trading 71,432 shares, JMMB Group close trading with 289,634 shares to end at $14, Mayberry Investments rose 10 cents in trading 35,604 shares to close at $3.75, National Commercial Bank ended with just 2,200 shares changing hands but fell back $4 to $49. Trading in the shares of 138 Student Living ended in 53,200 units changing hands at $5, Pan Jamaican Investment fell 85 cents and closed at $22.80 after trading 40,782 shares, Portland JSX traded just 1,000 units with the price falling 79 cents to $10.21, for an all-time low. Sagicor Group had 117,831 shares changing hands and fell 89 cents to close at $24.10, Sagicor Real Estate Fund closed at $10.23 with 21,237 units switching owners, Scotia Group gained 29 cents in trading 75,089 shares to close at $31.50, Seprod rose 20 cents in trading 82,367 shares to end at $27.50. Proven Investments ordinary share traded 15,255 units to end at 19.50 US cents compared to 19.97 US cents on Tuesday, JMMB Group 7.50% preference share gained 1 cent in trading 1,251,688 units at $1.09 and Jamaica Money Market Brokers 7.50% preference share ended in trading 401,986 units at $2.10.

Record 2,522 points for juniors – Tuesday

Jetcon closed at a new high on Tuesday with a rise of 275% in its Q3 profit.

Jetcon closed at a new high on Tuesday with a rise of 275% in its Q3 profit.

The junior market traded at a new high in excess of 2,500 point for the first time on Tuesday, reaching 2,522.83 in mid-morning trading as trading picked up above the low levels on Monday. The juniors were unable to hold on to the record and slipped back at the close.
Trading that was slow on Monday picked up steam on Tuesday with many more securities trading with higher volumes. Trading closed on Tuesday with the market index falling 10.09 points to close with 2,485.13 points, bringing the gain for the year to date at 39 percent.
The volume of stocks traded that fell sharply on Monday, surged on Tuesday with the volume jumping 310 percent from Monday’s levels and ending with just 1,290,866 units changing hands, valued at $5,509,660, up 279 percent from $754,871 on Monday.
At the close of trading 17 securities traded, up from 11 on Monday, while 9 stocks advanced but a number of them rose by just one or two cents and 8 declining, including 3 that traded at a 52 weeks’ high.
ICI Jm sum 15-11-16rvMarket activities ended with 6 securities closing with bids higher than their last selling prices and 1 ending with a lower offer.
An average of 75,933 units with an average value of $324,098 traded, compared to 34,104 units with an average value of $56,558 on the preceding trading day. The average for the month to date is 139,639 units for an average of $855,698 compared to 129,138 units at $709,705 for October.
In trading activity, Access Financial rose 2 cents with 727 shares changing hands to close at $20.08, AMG Packaging fell 50 cents and ended with 3,951 shares changing hands at $19, Caribbean Cream fell 65 cents and closed with 67,195 shares changing hands at $7. Caribbean Flavours traded 5,000 units to end at $8.50 with a fall of 1 cent, Caribbean Producers fell 29 cents in trading 60,000 shares to end at $3.21, Consolidated Bakeries lost 25 cents in trading 304,000 shares to close at $2.20, General Accident gained 3 cents and closed with 2,571 units changing hands at a 52 weeks’ closing high of $3.15. Honey Bun with 22,900 shares changing hands rose 40 cents and closed at $5.90, Jamaican Teas traded 11,900 shares and gained 10 cents to close at $4, Jetcon Corporation traded 227,000 shares and gained 2 cents to close at 52 weeks’ closing high of ICI Jm trds 15-11-16$5.02, KLE Group climbed 45 cents in traded 41,500 shares and closed at $1.60. Lasco Distributors ended with 78,438 shares trading at $6.90, after declining by 1 cent, Lasco Financial ended with 45,120 shares changing hands at $3.10, after rising 10 cents, Lasco Manufacturing closed at $4.89 with 153,518 shares changing hands after slipping 1 cent. Medical Disposables lost 2 cents in trading 5,400 units, to end at $4.78, Paramount Trading price hit an intraday all-time high of $4.70 in early trading, but rose 1 cent to a new all-time closing high of $4.01 with 151,218 shares changing hands and tTech fell 70 cents and ended with 110,428 shares changing hands at $5.10.

Juniors at new record close – Monday

Paramount Trading closed at an all-time high on Monday.

Paramount Trading closed at an all-time high on Monday.

The junior market closed at a new record at the end of trading on Monday with the market index climbing 13.56 points to close with 2,495.22 points, just above the all-time record of 2,482.44, reached last Monday and now puts the gain for the year to date, to 39 percent.
Trading was slow during the day and ended with a fraction of the volume and value traded on Friday. The volume of stocks traded that fell sharply on Friday, suffered even further decline on Monday with the volume dropping of 78 percent from Friday’s levels and ending with just 143,487 units changing hands, valued at a mere $754,871, down 30 percent from $1,074,606 on Friday.
ICI Jm sum 14-11-16At the close of trading 11 securities traded, down from 19 on Friday, while 4 stocks advanced and 4 declining, including 1 that traded at an all-time high. Market activities ended with 6 securities closing with bids higher than their last selling prices and 3 ending with lower offers.
An average of 34,104 units with an average value of $56,558 traded, compared to 34,104 units with an average value of $56,558 on the preceding trading day. The average for the month to date is 160,784 units for an average of $1,002,217 compared to 129,138 units at $709,705 for October.
In trading activity, Caribbean Cream closed with 13,200 shares changing hands but fell 35 cents to end at $7.65, Caribbean Producers rose 38 cents in trading just 300 shares to end at $3.50, Dolphin Cove closed with 750 units changing hands at $15.29.ICI Jm trds 14-11-16 Honey Bun with 50,315 shares changing hands lost 20 cents and closed at $5.50, Jetcon Corporation traded only 1,300 shares and gained 1 cent to close at $5, Key Insurance traded 25,621 shares and closed at $2, Lasco Distributors ended with 20,883 shares trading at $6.95, after declining by 5 cents. Lasco Manufacturing closed at $4.89 with 7,445 shares changing hands after slipping 1 cent. Medical Disposables traded 10,000 units, to end at $4.80, Paramount Trading rose 10 cents to a new all-time high of $4 with just 2,470 shares changing hands and tTech gained 68 cents and ended with 11,000 shares changing hands at $5.80.

Juniors on edge of new record – Friday

General Accident traded at a new high on the junior market on Friday.

General Accident traded at a new high on the junior market on Friday.

The junior market return to more normal trading on Friday with a fraction of the volume and value traded on Thursday with the volume of stocks traded falling sharply. The market recorded gains with stocks gaining edging out those that fell.
Trading volume had a sharp drop of 94 percent from Thursday’s levels, ending with just 647,967 units changing hands, valued at a mere $1,074,606, down 99 percent from $76,439,888 on Thursday.
At the close of trading 19 securities traded, up from 16 on Thursday, resulting in 8 stocks advancing and 6 declining, including 2 that traded at an all-time high and one at an intraday high.
The market index climbed 27.57 points to close with 2,481.66 points, just below the all-time record of 2,482.44, reached on Monday, putting the gain for the year to date, to 39 percent.
Market activities ended with 9 securities closing with bids higher than their last selling prices and 4 ending with lower offers.
ICI Jm sum 11-11-16Paramount Trading share price was adjusted to reflect the 10 for 1 stock split approved at the end of October trading at a new high of $3.90 with a gain of 50 cents with just 1,000 shares be active. The stock is up 333 percent for 2016 and an astonishing 1,500 percent since it went public in December 2012.
An average of 34,104 units with an average value of $56,558 traded, compared to 703,152 units with an average value of $4,777,493 on the preceding trading day. The average for the month to date is 160,784 units for an average of $1,002,217 compared to 129,138 units at $709,705 for October.
In trading activity, AMG Packaging slipped 30 cents and ended with 3,530 shares changing hands at $19.50, Cargo Handlers ended with 800 shares trading at $11.80 after falling 30 cents, Caribbean Cream closed with 2,213 shares changing hands and regained 20 cents to end at $8, Consolidated Bakeries lost 5 cents in trading just 100 shares to end at $2.45. C2W Music traded 650 shares to end at 23 cents, Derrimon Trading ended at $5 with 4,800 shares changing hands, after rising by 40 cents, Dolphin Cove closed with 300 units changing hands at $15.29, General Accident rose 12 cents and ICI Jm trds 11-11-16closed trading with 23,850 units at a 52 weeks’ high of $3.12. Honey Bun with 10,162 shares changing hands lost 30 cents and closed at $5.70, Jamaican Teas traded 1,085 shares to close at $3.90, Jetcon Corporation traded 48,759 shares and fell 1 cent in closing at $4.99 but the stock traded at a 52 weeks’ intraday high of $5.01. KLE Group traded 62,225 shares and rose 2 cents to $1.15, Lasco Distributors ended with 20,083 shares trading at $7, after rising by 10 cents, Lasco Financial ended with just 25,537 shares changing hands but fell 13 cents to close at $3, Lasco Manufacturing closed at $4.90 with 29,538 shares changing hands. Medical Disposables traded 2,225 units, gained 20 cents to end at $4.80, tTech gained 7 cents and ended with 17,900 shares changing hands at $5.12 and Eppley 9.5% cumulative preference share, ended with 1,382 units changing hands at $6.18.

Jamaican stocks rise but short of record

NCB closed at a new 52 weeks' high on the JSE on Friday following full year results.

NCB closed at a new 52 weeks’ high on the JSE on Friday following full year results.

Trading levels on the Jamaica Stock Exchange shrank sharply by the close on Friday from Thursday’s levels even as the number of securities trading remained at the same number. At the close the All Jamaica Composite Index climbed 238.43 points to close at 189,392, with the year to date gains at 13 percent.
The JSE Market Index rose 213.19 points to finish at 170,392 and the JSE combined index gained 481.02 points to end at 183,513 with a gain for the year to date of 15.6 percent.
At the close 2,121,591 units valued at $35,719,971 changed hands, compared to 18,462,121 units valued at $230,990,500 changing hands on Thursday. The junior market accounted for 256,384 units trading valued at $1,074,606 of the stocks traded.
The average trade for the day in the main market ended at 81,096 and 155,485 units month to date. On Thursday, an average of 277,373 units traded and fro the month to date, 229,873 units, in comparison the average for the October was 220,811 units.
ICI JSE sum 11-11-16The market closed with 42 securities trading as the prices of 20 gained while 12 declined in the overall market, including 8 stocks rising and 6 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 15 stocks with bids higher than their last selling prices and just 4 with lower offers.
In market activity, Cable & Wireless closed at 85 cents with 76,118 units trading, Caribbean Cement climbed 50 cents with 26,634 units changing hands to close at $30.50, Carreras traded 18,989 shares and gained 50 cents to end at $66, Grace Kennedy end up trading 28,611 units at $41.45. Jamaica Broilers gained 20 cents and closed at $14.70 with 4,058 shares changing ownership, Jamaica Producers lost 20 cents in trading 566,435 shares to close at $8, Jamaica Stock Exchange ended at $5.70 after trading 174,446 shares, JMMB Group traded 2,000 shares to end at $13.70.ICI -JSE fn Qts -11-16 Mayberry Investments ended with 21,000 shares trading to close at $4 for a fall of 1 cent, National Commercial Bank ended trading of 292,035 shares to close at a 52 weeks’ high of $46, the stock closed with just one offer at $50 to sell 200 units. Trading in 138 Student Living, ended with 181,667 shares changing hands to close with a fall of 50 cents at $5, Pan Jamaican Investment closed at $23.70 after trading 57,959 shares, Radio Jamaica closed with a 5 cents loss at $1.45 with 10,186 shares trading, Sagicor Group had 86,046 shares changing hands and rose 5 cents to close at $24. Sagicor Real Estate Fund traded with a rise of 3 cents to close at $10.25 with 28,498 units switching owners, Scotia Group slipped 9 cents in trading 87,290 shares to close at $31.21, Seprod fell 50 cents in trading 21,445 shares to end at $27.50. Supreme Ventures rose 30 cents trading 9,840 shares to close at $5.10 and Proven Investments traded 161,675 units rising slightly to close at 19.97 US cents.