Seprod jumps to new high of $30 on JSE

Seprod jumped $5.85 with 187,289 shares trading to a new high of $30 in early trading on Tuesday on the Jamaica Stock Exchange, but the market indices slipped ICI int -8-11-16sharply with the junior market index dropping a whopping 3 percent or 76 points.
The all Jamaica Composite Index dropped 432.98 points to 188,433.85, the Jamaica Stock Exchange Market Index declined 387.16 points to 169,535.16, the Jamaica Stock Exchange combined index dived 1,141.17 points to close at 181,944.95 and the junior market index dropped sharply by 76.13 points to 2,406.31.
At 10:45 am, a total of 22 securities traded, resulting in a volume of 1,690,058 shares changing hands carrying a value of $15,277,557, compared to 640,254 shares changing hands carrying a value of $13,990,935, on Monday.
The average number of shares traded amounts to 76,821 units compared to 22,078 on Monday. Market activity resulted in 9 stocks falling while the prices of 8 securities rose.
The major trades so far include, Cable & Wireless climbed 4 cents to 90 cents with 110,000 units changing hands, the Jamaica Stock Exchange stock fell $1.75 to $6.25 with 262,510 units trading. The three Lasco stocks all fell and contributed much to the fall in the junior market index with Lasco Distributors trading 375,300 units at $6.50 after falling by 50 cents and Lasco Manufacturing traded 491,600 shares at $4.85.

JSE majors drop juniors rise

Prices mostly fell in early trading on Monday on the Jamaica Stock Exchange but with lower volume than on Friday.
ICI int -7-11-16Jamaica Stock Exchange stock was adjusted the 5 for 1 stock split on Friday but the stock has not traded so far, but the bid is at $8.10 to buy 4,790 shares. Paramount Trading that has announced a 10 to 1 stock split has a bid at $30.60 to buy 1,035 units without an offer versus the last traded price of $29.
Major traded so far include, Jamaica Producers with 81,887 units at $8.25, National Commercial Bank 232,872 units at $45, Jetcon Corporation with 126,700 units at $5 and Lasco Distributors with 91,345 units at $7.
The all Jamaica Composite Index dropped 1,002.17 points to 188,306.17, the Jamaica Stock Exchange Market Index declined points to 169,420.99, the Jamaica Stock Exchange combined index lost 652.67 points to close at 182,489.04 and the junior market index rose 17.36 points to 2,469.57.
At 10:45 am, a total of 29 securities traded, resulting in a volume of 640,254 shares changing hands carrying a value of $13,990,935, compared to 1,938,366 shares changing hands carrying a value of $18,934,325, on Friday.
The average number of shares traded amounts to 22,078 units compared to 71,791 on Friday. Market activity resulted in 11 stocks falling while the prices of 6 securities rose.

Kazakhstan stock market 2016 best

KASEKazakhstan or Peru stock markets seem set be the top performing markets in 2016, taking over from Jamaica, the top performer in 2015, according to data compiled from Bloomberg Market.
Data show that the S&P/BVL Peru General Index is up 53.97 percent for 2016 up to Friday but the movement seems to have stalled since October 19 and the Kazakhstan Stock Exchange Index gained 50.51 percent and is currently rising.
The Jamaica Stock Exchange was rated the top performing market in 2015, but data sourced suggests that it will be hard pressed to wear that crown in 2016. For the year to date the JSE market index is up 13 percent, but that pales in comparison to a number of markets that have delivered gains that are much higher. The junior market index with the fast growing companies with 37 percent gain this year, is in at 5th position, Bloomberg did not report data publicly on this index.
JSE frnt vw 2 - CopyThe positive for the local market, is that many of the top performing markets seem to be declining while the JSE is on the rise and usually rallies in the latter part of the year. With undervalued Scotia Group and National Commercial Bank could benefit from the release of full year results by early December. If investors react positively to the results they could climb sharply and pull the overall market up, giving it a shot at the top spot. That would require a big 70,000 points gain to possibly hit the top spot.
The other markets that have been doing very well in 2016 to date are, Buenos Aires Stock Exchange Merval Index up 43.51 percent, Ibovespa Brasil Sao Paulo Stock Exchange Index rising 42.10 percent, BCT Corp Costa Rica Stock Market Index is up 33.04 percent, Bermuda Stock Exchange Index rose 25.64 percent, Budapest Stock Exchange Budapest Stock Index climbed 25.49 percent.
Kazakhstan has a population of 17.04 million in 2013 according to the World Bank, the stock market has 116 listing of shares by 98 companies.

JSE jumps sharply in early trading

Gains in the prices of Scotia Group and National Commercial Bank that traded at a new high help in pushing the main market indices much higher in early trading on Friday on the Jamaica Stock Exchange.
A number of new highs were created in the morning session with Berger Paints trading 5,000 at a new high of $6.55 and Paramount Trading had a small volume changing hands at a new all-time high of $29 after rising $2 and Sterling Investments traded at a new high of $15.50. CAC 2000 fell to an all-time low with 1,000 shares trading down to $4.50.
ICI int -4-11-16The all Jamaica Composite Index jumped 2,708.08 points to 188,297.20, the Jamaica Stock Exchange Market Index surged 2,421.51 points to 169,412.96, the Jamaica Stock Exchange combined index climbed 2,272.32 points to close at 182,482.82 and the junior market index inched up 2.59 points to 2,469.69.
Jamaica Stock Exchange stock was adjusted the 5 for 1 stock split at the commencement of trading this morning to take into effect that was approved at an Extraordinary General Meeting held on October 25, but attempts to trade have been blocked as the bids remains at the old price.
At 10:45 am, a total of 27 securities traded, resulting in a volume of 1,938,366 shares changing hands carrying a value of $18,934,325, compared to 633,945 shares changing hands carrying a value of $6,888,082, on Thursday.
The average number of shares traded amounts to 71,791 units compared to 28,816 on Thursday. Market activity resulted in 6 stocks falling while the prices of 10 securities rose.
Stocks with good volumes in the main market are Cable & Wireless with 765,410 at 85 cents, Ciboney Group traded 241,019 units at 18 cents and Jamaica Money Market Brokers 7.25% preference share traded 100,100 units at $2.40, Caribbean Producers with 137,000 units at $3.50, Lasco Manufacturing with 120,958 shares trading at $4.80.

JSE main market dives in early trading

Fall in the prices of $1 for Sagicor Group and $1.91 for Scotia Group with just 200 shares trading led to a sharp drop in the main market indices in early trading on Thursday on the Jamaica Stock Exchange. The junior market moved within just 8 points from a record close.
ICI int -3-11-16The all Jamaica Composite Index dropped 2,454.83 points to 186,020.23, the Jamaica Stock Exchange Market Index dived 2,195.05 points to 167,376.95, the Jamaica Stock Exchange combined index lost 1,921.42 points to close at 180,600.30 and the junior market index inched up 11.12 points to 2,470.24.
At 10:45 am, a total of 22 securities traded, resulting in a volume of 633,945 shares changing hands carrying a value of $6,888,082, compared to 337,469 shares changing hands carrying a value of $9,036,840, on Wednesday.
The average number of shares traded amounts to 28,816 units compared to 12,052 on Wednesday. Market activity resulted in 9 stocks falling while the prices of 8 securities rose.
Trading in the junior market has been very low keyed with the exception of Lasco Financial Services with 204,000 units down to $3.07. Stocks with good volumes in the main market are Cable & Wireless with 152,000 at 85 cents, Pan Jamaican Investment Trust 165,986 at $23, Sagicor Group with 41,789 shares at $22.50.

Cement jumps back to $30.50

Caribbean Cement climbed $3 to $30.50 with 5,500 units to recover most of what it lost on Tuesday as investors had reacted negatively to the third quarter loss the company reported. ICI int -2-11-16Paramount Trading had a small volume changing hands but the stock traded at a new all-time high of $27 after rising $3.
Trading volume is very low after 80 minutes trading having taken place. Caribbean Cream with 100,000 units trading down to $7.05 is the sole stock with a volume in 6 figures.
The all Jamaica Composite Index climbs 1,338.30 points to 186,051.61, the Jamaica Stock Exchange Market Index gained 1,196.67 points to 167,405.00, the Jamaica Stock Exchange combined index rose 1,115.25 points to close at 180,306.17 and the junior market index inched up 0.53 points to 2,439.08.
At 10:50 am, a total of 28 securities traded, resulting in a volume of 337,469 shares changing hands carrying a value of $9,036,840, compared to 2,927,694 shares changing hands carrying a value of $45,399,096, on Tuesday.
The average number of shares traded amounts to 12,052 units compared to 121,987 on Tuesday. Market activity resulted in 9 stocks falling while the prices of 11 securities rose.

Majors climb in early trading – Tuesday

Trading is off to a moderate start in early trading on Tuesday with Scotia Group trading more than 1 million shares and CAC 2000 finally trading after news of its multi million law suit loss to end at $5.10, down from the last traded price of $6.30.
ICI int -01-11-16Reasonable volumes came from, Iron Rock Insurance with 94,434 units trading at $3.30, Lasco Distributors with 125,000 shares at $7, Lasco Financial with 494,451 shares changing hands at $3.25, Jamaica Broilers with 500,134 units at $14.50, JMMB Group 7.50% preference shares traded 506,000 units at $1.08 and Scotia Group accounting for 1,024,549 units at $31.50.
The all Jamaica Composite Index climbs 998.42 points to 186,327.87, the Jamaica Stock Exchange Market Index gained 892.76 points to 167,652.03, the Jamaica Stock Exchange combined index rose 816.00 points to close at 180,495.75 and the junior market index eased 1.17 points to 2,435.23.
At 10:30 am, a total of 24 securities traded, resulting in a volume of 2,927,694 shares changing hands carrying a value of $45,399,096, compared to 4,494,219 shares changing hands carrying a value of $8,329,082, on Monday.
The average number of shares traded amounts to 121,987 units compared to 224,711 on Monday. Market activity resulted in 5 stocks falling while the prices of 5 securities rose.

Majors drop juniors up in early trading

Caribbean Cement reported a small loss due partly to the closure of its plant for upgrading in the September quarter and investors marked the stock down at the start of trading to $31.50 from the closing price of $33 on Friday. The fall of Cement helped push the market index down in early trading.
ICI JSE int trd 31-10-16Junior market index rose due mainly to a 50 cents rise in the price of Access Financial and gains in Lasco Manufacturing. Apart from a few stocks, trading on the Jamaica Stock Exchange continues to be moderate on in early trading on Monday.
The all Jamaica Composite Index dipped 683.11 points to 186,156.68, the Jamaica Stock Exchange Market Index lost 610.82 points to 167,498.95, the Jamaica Stock Exchange combined index eased by 464.71 points to close at 180,403.82 and the junior market index climbed 9.90 points to 2,440.10.
At 10:45 am, a total of 20 securities traded, resulting in a volume of 4,494,219 shares changing hands carrying a value of $8,329,082, compared to 548,724 shares changing hands carrying a value of $3,478,798, on Friday.
The average number of shares traded amounts to 224,711 units compared to 26,130 on Friday. Market activity resulted in 4 stocks falling while the prices of 6 securities rose.
In trading activity, Cable & Wireless had 100,000 shares changing hands at 85 cents, JMMB Group 7.50% preference shares traded 290,100 units at $1.08, trading in 1834 Investments resulted in 3,343,870 shares changing hands at $1.20 and General Accident Insurance traded 633,843 shares at $3.

JSE rise in early trading – Friday

As the close of October approaches, the prices of stocks seem to be firming up on the Jamaica Stock ICI JSE int trd 28-10-16Exchange resulting in slightly more stocks rising than falling in the early trading session. Trading continues on moderate pace on Friday with all the market indices rising.
The all Jamaica Composite Index gained 440.70 points to 185,738.53, the Jamaica Stock Exchange Market Index grew 394.06 points to 167,125.05, the Jamaica Stock Exchange combined index climbed 664.11 points to close at 179,973.91 and the junior market index climbed 29.07 points to 2,432.01.
At 10:45 am, a total of 21 securities traded, resulting in a volume of 548,724 shares changing hands carrying a value of $3,478,798.
The average number of shares traded on Friday amounts to 26,130 units. Market activity resulted in 7 stocks falling while the prices of 8 securities rose.
In trading activity, Jamaica Producers gained 80 cents in trading 123,880 shares at $8.30, KLE Group fell from $1.79 to $1.30 with 102,077 shares, Lasco Financial Services traded 110,000 units at $3.10, Sagicor Real Estate X Fund has so far traded 56,372 shares at $10.20, Proven Investments 33,550 units at 19 US cents.

Modest gains in early JSE trading

Trading on the Jamaica Stock Exchange continues on moderate pace on Wednesday with all the market indices rising.ICI JSE int trd 26-10-16 Trading volume and values declined from Tuesday’s level, with declining stocks beating out advancing ones nearly 2 to 1.
The all Jamaica Composite Index gained 42.86 points to 183,496.10, the Jamaica Stock Exchange Market Index grew 38.32 points to 165,119.92, the Jamaica Stock Exchange combined index climbed 373.23 points to close at 177,564.08 and the junior market index inched up 32.86 points to 2,378.44.
At 11:30 am, a total of 31 securities traded, resulting in a volume of 808,218 shares changing hands carrying a value of $4,193,655, compared to 1,521,635 shares changing hands carrying a value of $7,634,987, on Tuesday at 11 AM.
The average number of shares traded amounts to 26,072 units compared to 56,357 on Tuesday. Market activity resulted in 11 stocks falling while the prices of 8 securities rose.
In trading activity, Cargo Handlers traded 11,300 units at a new all-time high of $12, as the price rose $2, while Cable & Wireless gained 4 cents to 88 cents in trading 141,071 shares, Proven Investments traded 195,300 shares and Radio Jamaica traded 111,388 units.