Junior index jumps 41 points – Friday

The junior market index jumped by 41 points with one new high and Knutsford Express jumping $4 while main market stocks also rose.
JSE intra 29-07-16Cargo Handlers traded 1,875 units climbing $7 to a new all-time high of $56 while Knutsford Express jumped $4 to $19 with just 316 units changing hands. Caribbean Cement traded 87,953 to at $24.95 for a rise of $1.95 while National Commercial Bank fresh from reporting a 25 percent jump in June quarter results has so far traded just 9,333 units at $42, with the bid at $42 with a small volume being demanded.
The all Jamaica Composite Index rose 427.71 points to 177,365.48 the Jamaica Stock Exchange Market Index climbed 422.44 points to 159,638.04, the Jamaica Stock Exchange combined index gained 382.44 points to close at 170,737.91 points andthe junior market index added 41.10 points to 2,199.47.
Trading at 10:45 am resulted in only 20 securities changing hands, accounting for a volume of 457,835 shares, with 7 securities rising and 8 falling. The average number of shares traded amounts to 22,892 units compared to 30,141 units on Thursday.

Lasco Distributors hits junior index – Wednesday

Lasco Distributors fell initially to $6.55 and headed back to $7.40 and helped hit the junior market index down by 41 points, but main market stocks also slipped but marginally.JSE intra 28-07-16 The fall in the Lasco share price was in reaction to the company’s first quarter profit after tax of $175.4 million, or 33% more than the same period in 2015.
The market saw Scotia Investments trading 100,000 units at $25.01, JMMB Group 7.50% preference share traded 90,000 units at $1.10, Pan Jamaican Investment had 74,764 shares changing hands at $24.50 and Consolidated Bakeries traded 185,000 units at $2.15.
The all Jamaica Composite Index fell 29.18 points to 176,604.86 the Jamaica Stock Exchange Market Index is down 26.10 points to 158,957.91, the Jamaica Stock Exchange combined index declined 409.09 point to close at 169,565.09 points andthe junior market index dropped 37.51 points to 2,155.92.
Trading at 10:45 am resulted in only 22 securities changing hands, accounting for a volume of 663,102 shares, with 7 securities rising and 7 falling. The average number of shares traded amounts to 30,141 units.

Broilers trades 5m shares

JSE intra 26-07-16 The Jamaica stock market saw heavy trading in Jamaica Broilers Group with over 5 million shares with the bulk being crosses done by Scotia Investments.
The all Jamaica Composite Index fell 138.16 points to 176,289.78 the Jamaica Stock Exchange Market Index is down 123.54 points to 158,676.18, the Jamaica Stock Exchange combined index declined 170.79 point to close at 169,252.58 points andthe junior market index dropped 5.48 points to 2,150.93 with the jump in the price of Lasco Distributors.
Trading at 10:50 am resulted in only 27 securities changing hands, accounting for a volume of 7,009,625 shares, with 8 securities rising and only 12 falling. The average number of shares traded amounts to 259,616 compared to an average of 32,438 units on Monday.

Slow start for JSE – Monday

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The Jamaica stock market is off to slow start within 75 minutes of the opening of market on Monday. The stocks with the highest volume are 1834 Investments with 204,000 units JSE intra 25-07-16 with the price rising to $1.17 and Jamaica Money Market Brokers 7.50% preference share with 104,545 units at $2.10.
Caribbean Cement
that sold off on Friday is now seeing strong demand with bids to buy over 400,000 units at $20 to $22.41, having closed on Friday with little demand at the end of trading. The stock traded up to $22.55 in the morning session.
The all Jamaica Composite Index fell 103.88 points to 176,513.06, the Jamaica Stock Exchange Market Index is down 92.89 points to 158,875.83, the Jamaica Stock Exchange combined index declined 129.12 point to close at 169,793.99 points andthe junior market index dropped 4.19 points to 2,185.65.
Trading at 10:45am resulted in only 14 securities changing hands, accounting for a volume of a mere 454,136 shares, with 6 securities rising and only 2 falling. The average number of shares traded amounts to 32,438 units.

JSE declines on Thursday

JSE intra 21-07-16

Slow start for JSE – Wednesday

JSE intra 20-07-16 The Jamaica stock market is off to slow start with no stock trading over 100,000 units after 75 minutes of the opening of market. The stock with the highest volume is Lasco Distributors with 75,456 units at $7.50 after rising 40 cents.
The all Jamaica Composite Index gained 307.31 points to 177,170.70, the Jamaica Stock Exchange Market Index gained 274.79 points to 159,463.88, the Jamaica Stock Exchange combined index climbed 582.36 point to close at 170,353.83 points andthe junior market index climbed 31.91 points to 2,187.05 with the jump in the price of Lasco Distributors.
Trading at 10:45am resulted in 20 securities changing hands, accounting for a volume of a mere 234,305 shares, with 6 securities rising and 7 falling. The average number of shares traded amounts to 11,715 units compared to an average of 53,267 units on Tuesday.

JSE off to moderate start – Tuesday

Jamaica stocks is off to moderate start in trading on Tuesday morning after 80 minutes of the opening of market but the indices recorded modest gains with the market continuing to consolidate.
JSE intra 19-07-16Securities trading over 100,000 units include Cable & Wireless that traded 200267 at $1.12, Derrimon Trading had 530,506 units trading at $3.05, Lasco Distributors with 143,689 shares at $7.10, National Commercial Bank having 179,342 shares changing hands at $42.
The all Jamaica Composite Index gained 389.78 points to 176,954.71, the Jamaica Stock Exchange Market Index gained 348.54 points to 159,270.75, the Jamaica Stock Exchange combined index climbed 325.73 point to close at 169,817.89 points andthe junior market index slipped 0.24 points to 2,152.28.
Trading at 10:50am resulted in 25 securities changing hands, accounting for a volume of 1,331,680 shares, with 8 securities rising and 8 falling. The average number of shares traded amounts to 53,267 units compared to an average of 110,630 units on Monday.

Kremi hits new high of $7.55

Jamaica stocks gained in trading on Monday in the main market but there was some slippage in the junior market although Caribbean Cream traded at a new high of $7.55,JSE intra 18-07-16 up by 90 cents with 21,157 units as investors continue to respond to the company’s first quarter results.
The all Jamaica Composite Index gained 130.80 points to 179,643.95, the Jamaica Stock Exchange Market Index gained 109.96 points to 159,887.05, the Jamaica Stock Exchange combined index climbed 1,499.13 point to close at 171,976.49 points andthe junior market index slipped 0.22 points to 2,157.12.
Subsequent to 12:20PM the main market indices enter negative territory.
Trading at 12:20 pm, resulted in 28 securities changing hands, accounting for a volume of 3,097,628 shares with 14 securities rising and 7 falling. The average number of shares traded amounts to 110,630 units compared to an average of 63,379 units on Friday.

JSE off to rousing start – Friday

Jamaica stocks started trading on Friday where they left off on Thursday with both the main market and the junior market indices rising. Caribbean Cream traded at a new high of $6.78 with 56,000 units as investors continue to respond to the company’s first quarter results.
The all Jamaica Composite Index jumped 1,506.48 points to 179,177.69, the Jamaica Stock JSE intra 15-07-16Exchange Market Index gained 1,347.06 points to 161,258.48, the Jamaica Stock Exchange combined index climbed 1,499.13 point to close at 171,976.49 points andthe junior market index gained 19.20 points to 2,177.83.
Trading after 75 minutes of the market’s opening resulted in 23 securities changing hands, accounting for a volume of 1,330,966 shares with the average number of shares traded amounts to 63,379 units compared to an average of 45,559 units on Thursday. Trading has so far resulted in 10 stocks gaining and 6 declining as stocks trading over 100,000 units include Cable & Wireless that traded 167,000 at $1.12, Consolidated Bakeries traded 400,000 shares at $2.10, Honey Bun with 185,000 units traded at $5.60 and Lasco Manufacturing with 236,850 shares trading at $5.05. Scotia Group gained $1.10 while trading 18,490 shares at $31.90 while Pan Jamaican Investments lost $1 in trading 27,900 units at $24.

JSE makes early gains

IN-JSE fn Qts 13-07-16