Jamaican stocks gain in early trade

Trading on the Jamaica Stock Exchange continues ICI JSE int trd 25-10-16on a moderate pace on Tuesday, with all the market indices rising. Trading volume and values rose from Monday’s level, with advancing stocks beating out declining ones 4 to 1.
The all Jamaica Composite Index gained 283.24 points to 185,038.33, the Jamaica Stock Exchange Market Index grew 253.58 points to 166,498.95, the Jamaica Stock Exchange combined index climbed 403.55 points to close at 178,986.96 and the junior market index inched up 16.42 points to 2,392.46.
At 11 am, a total of 27 securities traded, resulting in a volume of 1,521,635 shares changing hands carrying a value of $7,634,987, compared to 510,894 shares changing hands carrying a value of $4,041,514, on Monday.
The average number of shares traded amounts to 56,357 units compared to 28,383 on Monday. Market activity resulted in 3 stocks falling while the prices of 12 securities rose.

JSE majors rise in early trading

Trading on the Jamaica Stock Exchange is off to a modest start on Monday with the main market rising slightly while the junior market inched up by a few points.ICI JSE int trd 24-10-16 Trading volume and values fell from Friday’s level, with advancing stocks being beating declining ones.
The all Jamaica Composite Index gained 243.28 points to 183,724.45 the Jamaica Stock Exchange Market Index grew 217.54 points to 165,324.11, the Jamaica Stock Exchange combined index climbed 253.32 points to close at 177,736.74 and the junior market index inched up 5.02 points to 2,376.82.
At 10.45 am, a total of 18 securities traded, resulting in a volume of 510,894 shares changing hands carrying a value of $4,041,514, compared to 1,743,200 shares changing hands carrying a value of $7,392,869, on Friday.
The average number of shares traded amounts to 28,383 units compared to 69,728 on Friday. Market activity resulted in 7 stocks falling while the prices of 6 securities rose.
In trading activity, Cargo Handlers traded 2,000 units at a new all-time high of $10 while Cable & Wireless lost 2 cents in trading 116,146 shares, JMMB Group traded 250,486 units at $12.51 after falling 99 cents and Mayberry Investments exchanged 62,483 units at $3.70.

Caribbean Cement tops Top 5

CCC Gte Jetcon Corporation and Caribbean Cement sit atop the IC Insider’s Top 5 stocks with the best chance of rising on junior market and main market of the Jamaican Stock Exchange at the end of last week. Both stocks just edging out the number 2 by just a few points.
There were no new entrants in either lists but Caribbean Flavours swapped place with Medical Disposables that now sits at the number 5 spot. In the main market selections Caribbean Cement changed spots with Berger Paints with the latter enjoying a slight price gain while Cement suffered a mild decline in price. AMG Packaging last traded at $21 and seems a candidate for a stock split with limited supply and inadequate liquidity of the stock. Top 5 stks 21-10-16Blue Power that last traded at $24.50 and is outside the Top 5, is also in category of a potential stock split.
Derrimon Trading sits just below the Top 5 junior market stocks followed by Dolphin Cove CAC 2000, tTech and Caribbean Cream that dropped sharply this past week to $7.
Sitting below the Top 5 in the main market are, Palace, JMMB Group, National Commercial Bank, (NCB) Sterling Investments and Pan Jamaican Investments. Feedback from the market, is that NCB is in strong demand against a background of very limited supply and the price being severely undervalued.

JSE soft in early trading – Friday

Trading on the Jamaica Stock Exchange is off to a modest start on Friday. Trading in junior market stocks has seen a small number of securities trading. Trading volume and values were up from Thursday’s level with advancing stocks being beating declining ones.
ICI -JSE fn Qts -20-10-16The all Jamaica Composite Index fell 202.13 points to 184,047.20 the Jamaica Stock Exchange Market Index slipped 180.73 points to 165,612.71, the Jamaica Stock Exchange combined index declined 170.39 points to close at 177,955.13 and the junior market index inched down 0.27 points to 2,372.03.
At 10.45 am, a total of 25 securities traded, resulting in a volume of 1,743,200 shares changing hands carrying a value of $7,392,869, compared to 893,707 shares changing hands carrying a value of $6,616,329, on Thursday.
The average number of shares traded amounts to 69,728 units compared to 40,623 on Thursday. Market activity resulted in 7 stocks falling while the prices of 10 securities rose.
In trading activity JMMB Group dropped from $13.02 to $11.51, while trading 250,000 units, Mayberry Investments have exchanged 131,000 units at $3.50, Proven Investments had 1,002,300 shares changing hands at 16.5 US cents down from 19.95 US cents. Scotia Investments climbed $2.95 with 17,850 shares to $33.95.

JSE indices up moderately

Trading on the Jamaica Stock Exchange is off to a modest start on Thursday. ICI JSE int trd 20-10-16Trading in junior market stocks has seen just 5 securities trading. Trading volume and values were down from Wednesday’s level with advancing stocks being beaten by declining ones.
The all Jamaica Composite Index rose 200.57 points to 185,419.96 the Jamaica Stock Exchange Market Index climbed 179.35 points to 166,840.20, the Jamaica Stock Exchange combined index gained 216.17 points to close at 179,187.30 and the junior market index inched up 4.85 points to 2,381.16.
At 10.45 am, a total of 22 securities traded, resulting in a volume of 893,707 shares changing hands carrying a value of $6,616,329, compared to 1,549,643 shares changing hands carrying a value of $11,650,702, on Wednesday.
The average number of shares traded amounts to 40,623 units compared to 55,344 on Wednesday. Market activity resulted in 7 stocks falling while the prices of 5 securities rose.
In trading activity JMMB Group traded 65,446 units at $13.66, Mayberry Investments have exchanged 50,000 units at $3.50, Sagicor Group traded 35,000 shares at $22.70, Proven Investments had 98,471 shares changing hands at 19.95 US cents. 138 Student Living traded 503,737 shares at $4.70

2016 T-Bill rates slow JSE gains

TB 10-16Rates on Treasury bill slipped in the latest issues for October with the 91 days instrument coming in at 5.7 percent, down from 5.86 percent in September and the 28 days falling to 5.78 percent a decline from 5.84 percent previously.
The 192 days Treasury bill rate inched up from 5.81 percent to 5.83 percent. The latest rate out turn, comes off changes in rates with the 192 days instrument rate at 5.75 percent February 2013, rising to hit 9.11 percent in March 2014 and been on the decline since, with a few minor hiccups along the way. The trend continues downwards with the rate of decline having slowed markedly with the Bank of Jamaica repo rate set at 5.25 percent since May.
In June, the 192 days rate climbed to 6.01 percent from a 2016 low of 5.73 percent in February, at the same time, the 91 days instrument, fell to 5.65 percent in April and moved up to 5.86 in June and September. The 28 days T-bill fell to a 2016 low of 5.37 percent in April but rose to 5.95 percent in August.
The stock market has been heavily influenced by the decline in interest rates in late 2014 to the end of 2015 has struggled since, with rates being flat in 2016 with a few cases of it having risen.

JSE off to slow start – Wednesday

The Jamaica Stock Exchange is to a modest start on Wednesday morning but trading in junior market stocks seems to have picked up a bit. Trading volume and values were up from Tuesday’s levels as advancing stocks edged out declining ones.
ICI JSE int trd 19-10-16The all Jamaica Composite Index dropped 1,185.02 points to 185,458.25 the Jamaica Stock Exchange Market Index fell 1,059.62 points to 166,874.44, the Jamaica Stock Exchange combined index dived 1,079.98 points to close at 179,158.98 and the junior market index lost 9.47 points to 2,375.31.
At 10.45 am, a total of 28 securities traded, resulting in a volume of 1,549,643 shares changing hands carrying a value of $11,650,702, compared to 659,435 shares changing hands carrying a value of $8,595,191 on Tuesday.
The average number of shares traded amounts to 55,344 units compared to 24,424 on Tuesday. Market activity resulted in 10 stocks falling while the prices of 12 securities rose.
In trading activity Caribbean Cream fell $1.70 to $7.55 with 109,434 shares trading, Caribbean Producers rose 20 cents to $3.85 with 81,717 units trading, Honey Bun with 1,000,223 units traded at a loss of 60 cents to $5.50, while Jetcon Corporation added 16 cents with just 13,311 units to $4.16 but have a bid at $4.16 to buy 36,689 shares. In the main market Cable & Wireless has come into renewed selling around the $1 level and traded down to 93 cents with 49,580 shares changing hands, the stock is offered for sale at 98 cents with 1,638,805 units and 6 million units at $1 and Grace Kennedy traded 61,945 at $41.55.

JSE in early morning gains

The Jamaica Stock Exchange is enjoying modest gains in ICI JSE int trd 18-10-16Tuesday morning trading as investors participate in moderate trading on the first trading day of the week. Trading volume and value were up from Friday’s levels as advancing stocks edged out declining ones on the day after the market was closed for a public holiday on Monday.
The all Jamaica Composite Index gained 380.56 points to 186,523.26 the Jamaica Stock Exchange Market Index advanced 340.29 points to 167,826.74, the Jamaica Stock Exchange combined index rose 518.72 points to close at 180,491.37 and the junior market index rose 19.78 points to 2,419.04.
At 10.45 am, a total of 27 securities traded, resulting in a volume of 659,435 shares changing hands carrying a value of $8,595,191, compared to 346,328 shares changing hands, carrying a value of $3,122,421 on Friday.
The average number of shares traded amounts to 24,424 units compared to 15,058 on Friday. Market activity resulted in 6 stocks falling while the prices of 9 securities rose.
In trading activity, AMG Packaging traded 290,000 shares at $20, Radio Jamaica traded 153,763 units at $1.55 and Scotia Investments jumped $3.90 to $33.90 while trading 53,500 units.

JSE makes early morning gains – Friday

The Jamaica Stock Exchange is enjoying modest gains in Friday morning trading as investors participate in moderate trading on the final day of the week. ICI JSE int trd 14-10-16Trading volume and values were well down on Thursday’s levels but advancing stocks edged out declining ones.
The all Jamaica Composite Index gained 200.66 points to 186,953.68 the Jamaica Stock Exchange Market Index advanced 179.43 points to 168,211.62, the Jamaica Stock Exchange combined index rose 191.65 points to close at 180,964.32 and the junior market index rose 2.46 points to 2,430.33.
At 10.45 am, a total of 23 securities traded, resulting in a volume of 346,328 shares changing hands carrying a value of $3,122,421, compared to 1,933,234 shares changing hands carrying a value of $12,769,849 on Thursday.
The average number of shares traded amounts to 15,058 units compared to 69,044 on Thursday. Market activity resulted in 6 stocks falling while the prices of 8 securities rose.
Cable & Wireless traded 119,582 units but lost 10 cents in trading down to $1 was the sole stock trading over 100,000 units, but Seprod traded 50,000 and gained $1.40 to $24 and Paramount Trading lost $1 following the release of first quarter results that showed much lower profits than in 2015.

Majors drop juniors gain

The Jamaica Stock Exchange market main market indices fell in Thursday morning while the junior market index rose with volume increasing over Wednesday’s levels.
ICI JSE int trd 13-10-16The all Jamaica Composite Index dropped 233.27 points to 185,818.56 the Jamaica Stock Exchange Market Index fell 208.58 points to 167,196.62, the Jamaica Stock Exchange combined index slipped 9.50 points to close at 179,837.16 and the junior market index rose 17.90 points to 2,421.24.
At 10.45 am, a total of 28 securities traded, resulting in a volume of 1,933,234 shares changing hands carrying a value of $12,769,849, compared to 1,599,416 shares changing hands carrying a value of $10,753,662 on Wednesday.
The average number of shares traded amounts to 69,044 units compared to 72,701 on Wednesday. Market activity resulted in 10 stocks falling while the prices of 12 securities rose.
Caribbean Cement dropped $3 in early trading with 30,000 units at $30, but recovered back to $33 after trading 5,000 more units, JMMB Group fell from $14.98 on Wednesday to $13.50 while trading 3,000 units, Scotia Investments jumped to $34 from $30 while trading 26,000 units, Caribbean Cream Traded 260,866 units and last traded at $9.90 but went as high as $10.19, Honey Bun traded 1 million shares but lost ground to $5.51, down 49 cents but the bid is now at $5.70.