JSE off rocky start – Wednesday

Jamaica stocks started trading on Wednesday with a rocky start with the main market indices continuing to make sharp declines, while the junior market jumped, with Lasco Distributors price climbing to $6.55 from $6.05 and Caribbean Cream trading at $5.50, JSE intra 12-07-16as investors respond to the company’s first quarter results, with an increase of 81 percent in profits.
The all Jamaica Composite Index dropped 1,216.89 points to 174,460.57, the Jamaica Stock Exchange Market Index dived 1,088.11 points to 157,040.54, the Jamaica Stock Exchange combined index declined 572.41 point to close at 167,075.96 points andthe junior market index gained 42.58 points to 2,086.66.
The session had low volumes trading overall after 75 minutes of the market’s opening resulting in 24 securities changing hands, accounting for a volume of just 418,777 shares 5 stocks gained and 12 declined, including a fall of 95 cents in Grace Kennedy, 80 cents in Jamaica Producers, $1.40 fall in National Commercial Bank and $2.80 in Scotia Investments price. The average number of shares traded amounts to 17,449 units.
Tuesday’s report which was unavoidable absent due to technical issues.

JSE off to slow start – Monday

Jamaica stocks are off to a slow and moderate start to the new week with no trading in junior stocks after more than 44 minutes of opening. Kingston Wharves, however, climbed to a new high of $16.50, but with limited volume.
Cable & Wireless is the sole stock to trade more than 100,000 units with 204,519 shares traded at $1.12, JSE intra 11-07-16Knutsford Express fell $2.10 on small volume to $14.70 and Portland JSX fell 80 cents to $13.20 with 26,892 shares changing hands. Elsewhere, Lasco Distributors that came under selling pressure last week traded a small volume of just 1,500 shares at $6.
The session had low volumes trading overall after 80 minutes of the market’s opening resulting in 22 securities changing hands, accounting for a volume of just 296,560 shares 10 stocks gained and 6 declined. The average number of shares traded amounts to 13,480 units compared to an average of 49,022 units on Friday.
The all Jamaica Composite Index climbed 343.87 points to 177,104.17, the Jamaica Stock Exchange Market Index rose 307.48 points to 159,404.39 the Jamaica Stock Exchange combined index rose by 652.50 point to close at 168,805.05 points and the junior market index gained 35.80 points to 2,041.49.

Portland JSX jumps to $14

Investors pushed Portland JSX to a new high of $14, for an increase of 27 percent, since it was listed on Wednesday. The stock has so far traded 30,000 shares and put on $1 in the morning session. Lasco Distributors with 124,864 shares changing hands and Caribbean Producers, made some recovery from two day of declines.
JSE intra 08-07-16rElsewhere, Pan Jamaican Investment traded 469,095 shares at $24.20 and Lasco Financial traded 128,515 shares at $3.35.
The session, generally, had low volumes trading after 85 minutes of the market’s opening, resulting in 22 securities changing hands and accounting for a volume of 1,078,489 shares, of which 11 stocks gained and 3 declined. The average number of shares traded amounts to 49,022 units, compared to an average of 17,210 units on Thursday.
The all Jamaica Composite Index climbed 881.09 points to 179,623.77, the Jamaica Stock Exchange Market Index rose 787.85 points to 161,657.36 the Jamaica Stock Exchange combined index rose by 472.92 point to close at 170,549.07 points andthe junior market index slipped 25.14 points to 2,007.78.
By 11:15 am, the main market shed 1,785.12 points as measured by the all Jamaica Composite Index , the Jamaica Stock Exchange Market Index chopped 1,596.21 points and the Jamaica Stock Exchange combined index 1,738.49 while the junior market remained unchanged.

LasD chops over 85 points off juniors

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Investors chopped the price of Lasco Distributors by $1.01 to $5.99 and pulled down the junior market index by a large 4 percent or 85 points in early Thursday morning trading. After 80 minutes of trading the price plummeted to $5.30 pulling the index even lower. The drop also pulled down the combined market index by more than 1,100 points.
Investors continue to react negatively to the news that Pfizer’s estimate for damages due to Lasco is US$518,000 well off the US$300 million the local company is claiming.JSE intra 07-07-16 Lasco Distributors traded 396,700 shares as the price dropped $1.70 overall. The next big trade was Supreme Ventures with 4,600,497 units at $4.50. Some demand have built up for Portland JSX with 59,949 shares trading at $12.60 and with bids at $13.
The session had low volumes trading overall after 80 minutes of the market’s opening resulting in 18 securities changing hands, accounting for a volume of 5,311,849 shares 5 stocks gained and 5 declined. The average number of shares traded amounts to 295,103 units compared to an average of 17,210 units on Thursday.
The all Jamaica Composite Index dropped 379.30 points to 177,163.92, the Jamaica Stock Exchange Market Index fell 339.17 points to 159,457.81, the Jamaica Stock Exchange combined index declined by 1,190.21 to close at 168,783.34 points andthe junior market index slipped 99.03 points to 2,034.54.

Portland JSX list gains $1.51

The Jamaica Stock Exchange suffered another morning of slippage on Wednesday. The latest IPO, Portland JSX was listed at the start of the session after a successful public offering that saw the offer being oversubscribed. The stock opened with a bid to buy 30,000 shares at $12, compared to the IPO price of $11 and later traded 666 units up to $12.51.
JSE intra 06-07-16Caribbean Producers continues to see investors react negatively to news from the company of write down of inventories and restructuring cost, that will hit profits for the company’s fourth quarter, by cutting the price from the $3.90 it fell to on Tuesday, down to $3. Elsewhere Scotia Group traded 107,887 units at $30.51, AMG Packaging fell from $13.10 to $12.41 with 5,854 shares trading while Carib Cement crashed to $22.28 from $25 with 6,750 shares.
The session had low volumes trading overall, after 75 minutes of the market’s opening, resulting in 18 securities changing hands and accounting for a volume of 309,785 shares as 6 stocks gained and 6 declined. The average number of shares traded amounts to 17,210 units, compared to an average of 24,178 units on Tuesday.
The all Jamaica Composite Index dropped 607.16 points to 177,956.81, the Jamaica Stock Exchange Market Index fell 542.91 points to 160,166.80, the Jamaica Stock Exchange combined index declined by 657.15 to close at 170,886.98 points andthe junior market index slipped 14.97 points to 2,175.48.

Slow trading on JSE

JSE intra 05-07-16

Proven hits 52 weeks’ low

Lasco Manufacturing with 368,596 shares trading at $5.05, is the leading volume trade in the early Monday morning session, on the Jamaica Stock Exchange, followed by Proven InvestmentsJSE intra 04-07-16 with 257,000 units with the price dropping to a 52 weeks’ low of 15.02 US cents, down from 17 cents at the close on Friday. 1834 Investments chipped in with 96,000 shares at $1.01.
The session had low volumes trading overall with less securities trading after 75 minutes of the market’s opening compared to Friday morning as the various indices declined across the board.
Market activity resulted in 23 securities changing hands, accounting for a volume of 921,863 shares 9 stocks gained and 7 declined. The average number of shares traded amounts to 40,081 units compared to an average of 77,695 units on Thursday.
The all Jamaica Composite Index dropped 482.38 points to 178,968.19, the Jamaica Stock Exchange Market Index fell 431.32 points to 161,071.14, the Jamaica Stock Exchange combined index declined by 415.83 to close at 172,122.84 points andthe junior market index slipped 1.56 points to 2,214.08.

All Jamaica jumps 2,500 points

Scotia Group jumped to $32.89 from $30.70 with 564,857 shares helped push the All Jamaica composite by nearly 2,500 points in early Friday morning on the Jamaica Stock Exchange. At the same time Blue Power traded 3,881 shares at a new 52 weeks’ high of $16, to gain $1. Activity picked up on the first trading day for July with five company’s stocks trading over 100,000 units and one over 90,000 shares.
JSE intra 01-07-16After 75 minutes of trading in the early morning session, on Friday, Caribbean Cream traded 96,989 units bat $5.50., Lasco Manufacturing had 193,204 shares trading at $5, Margaritaville Turks traded 150,000 units at 19 US cents, Supreme Ventures traded 300,000 shares at $4.54 and tTech had 746,761 shares trading at $4.50.
Trading resulted in activity in 28 securities, accounting for a volume of 2,175,463 shares compared to as 14 stocks gained and 5 declined. The average number of shares traded amounts to 77,695 units compared to an average of 71,299 units on Thursday.
The all Jamaica Composite Index jumped 2,431.09 points to 179,885.32, the Jamaica Stock Exchange Market Index surged 2,173.75 points to 161,891.19, the Jamaica Stock Exchange combined index climbed 1,823.55 to close at 172,630.57 points andthe junior market index rose 0.27 points to 2,214.16.

Blue Power at new high

Blue Power traded at a new 52 weeks’ high of $15 with 8,000 units, to gain $1.30 cents, in early Thursday morning on the Jamaica Stock Exchange. Activity picked up on the last trading day for June, with three stocks trading over 100,000 units and two over 90,000 shares. The majors suffered losses but the juniors recorded gains in the session.
ICI intra JSE 30-06-16After 75 minutes of trading in the early morning session, on Thursday, Caribbean Cement traded 94,370 units at $23.85, Jamaica Broilers Group 159,141 shares at $14.25, Kingston Wharves 500,000 at $14, Sagicor Real Estate X Fund with 765,293 shares at $10.12 and from the junior markets, C2W Music traded 96,545 units at 29 cents.
Trading resulted in activity in 27 securities, accounting for a volume of 1,925,070 shares compared to as 9 stocks gained and 9 declined. The average number of shares traded amounts to 71,299 units compared to an average of 52,897 units on Wednesday.
The all Jamaica Composite Index fell 621.95 points to 177,369.22, the Jamaica Stock Exchange Market Index dipped 556.11 points to 159,641.43 the Jamaica Stock Exchange combined index declined 419.13 to close at 170,649.04 points andthe junior market index rose 9.34 points to 2,199.67.

MoBay Ice jumps to new high

Montego Bay Ice traded at a new 52 weeks’ high of $20 with 193,900 units, to gain $1.37 cents, having risen by $3.73 on Tuesday. Trading, early Wednesday morning on the Jamaica Stock Exchange continues the slow pace evident for the early summer month, with moderate volumes with a few stocks trading over 100,000 shares.
ICI intra JSE 29-06-16After 75 minutes of trading in the early morning session, on Wednesday, the junior market had just four securities trading, but junior market index jumped by 2 percent with Lasco Distributors regaining most of Tuesday’s lost ground. The main market indices declined moderately.
Only three stocks traded over 100,000 shares, with Cable & Wireless trading 306,113 at $1.20 and Pan Jamaican Investment traded 313,590 to close down to $25.50.
Trading resulted in activity in 21 securities, accounting for a volume of 1,110,845 shares compared to as 7 stocks gained and 9 declined. The average number of shares traded amounts to 52,897 units compared to an average of 28,363 units on Tuesday.
The all Jamaica Composite Index fell 170.62 points to 177,113.24, the Jamaica Stock Exchange Market Index dipped 152.56 points to 159,412.55 the Jamaica Stock Exchange combined index climbed 320.95 to close at 170,568.46 points andthe junior market index jumped 44.84 points to 2,212.43.