JSE: Lousy trading to end week

Friday, 17th January 2014 | Only 21 securities traded on the Jamaica Stock Exchange on the last day of the week accounting for a total of 1,644,332 shares with a value of only $2,481,056. Trading concluded with 6 stocks up and 4 down. So bad were things that at one stage after mid-day, only one stock traded in the main market.

The JSE Market Index declined by 304.69 points to close at 79,922.91, the JSE All Jamaican Composite fell 462.19 points to 81,207.74 and the JSE Junior Market Index advanced by 3.15 points to end at 794.99.

Main market trades | The major traded stocks in the main market include Cable & Wireless with 1,029,000 units at 19 cents; Jamaica Producers Group 27,972 units to close at $18.76; National Commercial Bank only 7,270 units but the price closed up 15 cents at $18; Sagicor Group 18,955 units at $8.50; Scotia Group 10,871 units at $20.96, up 91 cents; Scotia Investments only 3,660 units but the price moved up $1.50 to $26.50.

In the preference section, Jamaica Money Market Brokers 7.50% traded 50,000 unchanged at $2 and the 8.75% shares traded 67,600 to close unchanged at $3.

JSEIndicesJan17Junior Market | Most of the trading activity in the morning hours were concentrated around junior market stocks and resulted in Consolidated Bakeries trading 40,900 units at $1.15, down 5 cents; Dolphin Cove 21,470 units at $9; General Accident Insurance 61,000 units at $1.89; Lasco Distributors 137,800 units at $1.45; Lasco Financial Services 77,300 units at $1.35, up 4 cents and Lasco Manufacturing 75,166 units at $1.25, down 5 cents.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with bids higher than the last selling prices and 4 stocks with offers that were lower.

JSE: Scotia Group dominates trading

Thursday, 16th January 2014 | There was trading in 6,155,581 shares on the JSE with a value of $119,874,816 on a day when 10 stocks advanced in price 8 declined and 11 remained unchanged at the end of trading. While trading levels were up and well above that of a recent typical day, Scotia Group accounted of 4.1 million units at $20.80 with a value of $85.3 million, amounts that are above recent norms. NCB Capital was the selling broker for 3.963 million units with First Global buying them on behalf of clients.

All indices with activity posted gains with the JSE Market Index moving up by 386.64 points to close at 80,227.60, the JSE All Jamaican Composite gained 586.50 points to end at 81,669.93 and the JSE Junior Market Index advancing 1.90 points to 791.84.

Main Market | Activity in the main market saw the leading traded stocks being Cable & Wireless having 256,073 units and closed at 19 cents; Carreras 6,925 units to close at $36.50 for a $1.50 decline; Desnoes & Geddes 11,300 units to close at $4.98; Grace Kennedy with 502,300 units closing firm at $56; Jamaica Broilers with 63,553 shares at $5, up by 20 cents; Jamaica Money Market Brokers with 22,797 units, closing firm at $7.50; Mayberry Investments 52,568 shares, unchanged at $2; National Commercial Bank 38,398 units at $17.85, up by 35 cents; Sagicor Real Estate X Fund, 11,732 shares unchanged at $6.50; Scotia Group 4,106,920 units and closed at $20.05 off by 75 cents, with the bulk of trading at $20.80; Seprod 12,072 shares to close down by $1.90 at $10.80; Supreme Ventures 10,000 units, ending at $2.40, down by 11 cents and Proven Investments with 87,000 ordinary shares changing hands at US13.3 cents.

Two stocks traded in the preference section, Jamaica Money Market Brokers 8.75% with 55,340 units at $3 and Proven Investments 8% 173,000 shares at $5.08, slipping by a cent.

JSEIndicesJan16Junior Market | There was fair amount of trading in the junior market as the index continues to accumulate gains. In today’s trading Blue Power lost 50 cents as 40,000 shares traded at $9.50; Caribbean Producers continues in demand and posted 343,997 units to close unchanged at $2.75 but traded as high as $2.80; Cargo Handlers traded 17,000 shares and gained 10 cents at $13.60; Consolidated Bakeries exchanged 14,200 units to close up by 5 cents at $1.20; Lasco Distributors posted 20,000 shares and closed firm at $1.45; Lasco Financial Services traded 52,000 units at $1.31; Lasco Manufacturing traded 32,435 units at $1.30 and Medical Disposables & Supplies traded 212,289 units at $1.98.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than the last selling prices and 4 stocks with offers that were lower.

JSE: Advancing stocks even with declining ones

Wednesday, 15th January 2014 | In today’s trading on the Jamaica Stock Market, a total of 2,118,071 shares changed hands, for a value of $9,334,966, with 11 stocks advancing in price and 10 declining.

At the close of trading, the JSE Market Index declined by 24.33 points to close at 79,840.96, the JSE All Jamaican Composite eased by 36.92 points to close at 81,083.43 but the JSE Junior Market Index advanced by 3.87 points to close at 789.94.

KLE Group stock closed at $1, a new all-time low and has lost 72 percent from the IPO price and Jamaican Teas closed at $3.06 a new 52 weeks low.

Main Market | The main traded stocks in the main market include Cable & Wireless with 211,849 units to close at 18 cents; Caribbean Cement 77,500 units as the priced closed at $3.39; Carreras gained 49 cents while trading 54,830 units to close at $38; Desnoes & Geddes 153,360 units to close at $5; Grace Kennedy gained $1 to close at $56 with only a small volume; Jamaica Money Market Brokers 13,375 shares at $7.50; Jamaica Producers 15,142 shares to close at $18.75; Mayberry Investments 506,760 shares at $2; National Commercial Bank 27,640 units with the price ending at $17.50 after falling by 12 cents; Pulse Investments 50,000 shares with the price closing up 22 cents at 99 cents; Sagicor Group gained 5 cents with 52,680 shares, to end at $8.20; Sagicor Real Estate X Fund 34,356 units at $6.50; and Scotia Group 69,270 units to close at $20.80 up by 70 cents.

Jamaica Money Market Brokers 8.75% preference shares trade 281,061units to close firm at $3.

JSEIndicesJan15Junior Market | Trading in junior market stocks saw the main trades as AMG Packaging 22,857 shares to close at $3.48; Caribbean Cream 54,641 units, closing at $1, after reporting earnings in the November quarter of $11 million or 3 cents per share; Caribbean Producers 198,848 units to close firm at $2.75; Consolidated Bakeries 41,435 shares to close at $1.15; Dolphin Cove gained 50 cents to close at $9 on a small volume; Jamaican Teas 35,200 shares at $3.06 down, 34 cents; KLE Group 16,000 units down 10 cents, at $1; Lasco Financial Services 65,000 units at $1.30; Lasco Manufacturing 88,467 shares at $1.29 and Medical Disposables & Supplies 13,500 units at $2.

Knutsford Express was listed today. There was no trade but there was a bid for 19,626 shares at $5.01.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than the last selling prices and 2 stocks with offers lower.

JSE: Advancing stocks beat decliners 11 to 7

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Tuesday, 14th January 2014 | Advancing stocks outnumbered declining stocks 11 to 7 on the Jamaica Stock market as only 1,448,262 shares changed hands for a value of $9,395,467. The two main market indices declined with the JSE Market Index falling by 85.21 points to close at 79,865.29, the JSE All Jamaican Composite declined by 129.25 points to close at 81,120.35 and the JSE Junior Market Index fell by 0.80 points to end at 786.07.

Hardware & Lumber traded 2,100 units to close at a new 52 weeks high of $9 by jumping $1.72.

Main Market | Elsewhere in the main market, the stocks with noticeable trading include Caribbean Cement with 102,720 units to close at $3.40; Carreras 53,634 units to end at $37.51 for a 51 cents gain; Desnoes & Geddes 51,578 shares closing at $4.98; Grace Kennedy gained $1.17 to close at $55 as 3,620 units of the company’s stock changed hands; Jamaica Broilers with 89,153 units to close at $4.72; Jamaica Money Market Brokers 19,400 shares to close at $7.50; Jamaica Stock Exchange regained 30 cents with 50,000 units to close at $2.10; Kingston Wharves 55,139 shares at $6.15; Sagicor Group had 41,839 units to close unchanged at $8.15; Sagicor Real Estate X Fund 21,051 units at $6.50 and  Scotia Group 177,587 shares at $20.10, down 41 cents.

TTSEJan14Junior Market | Trading of junior market stocks saw Caribbean Producers exchanging 84,600 shares to close firm at $2.75; Honey Bun traded 2,000 units as the price fell by 22 cents to close at $3.19; Lasco Distributors with 371,737 units trading firm at $1.45; Lasco Financial Services 82,400 shares at $1.26 inching down by 4 cents and Lasco Manufacturing 181,269 units at $1.29.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than the last selling prices and 2 stocks with offers lower.

JSE: 14 stocks post gains only 4 fall

Monday, 13th January 2013 | The Jamaican stock market recoded one of its best days for a while with 14 stocks posting gains at the end of trading to only 4 falling as 4,063,702 shares with a value of $85,665,637 traded.

The performance of the market is reflected in the movement of the main indices as the JSE Market Index advanced by 184.49 points to close at 79,950.50; the JSE All Jamaican Composite increased by 715.47 points, closing at 81,249.60 and the JSE Junior Market Index moved up by 10.09 points to 786.87.

Main Market | Activity in the main market saw trading in Cable & Wireless with 826,413 units, the price ended at 18 cents; Caribbean Cement 95,049 shares, as the price slipped back by 42 cents to $3.38; Carreras gained 50 cents with 47,670 units, to close at $37; First Caribbean International Bank lost $1 with 2,800 units to close at $89, a 52 weeks low; Grace Kennedy with 1,400,100 units closing at $53.83; Jamaica Money Market Brokers 50,150 shares at $7.50; Jamaica Producers 29,256 units at $18.75; Mayberry Investments 15,000 units at $2; National Commercial Bank 49,870 shares with the price climbing 69 cents to $17.69; Sagicor Group 144,046 units at $8.15; Sagicor Investments 22,511 units at $16, up 39 cents and Supreme Ventures 16,377 shares at $2.51.

JSEIndicesJan13Junior Market | The Junior market continues to post gains with the index climbing for 7 days straight except for a small decline on Monday January 6th. Caribbean Producers exchanged 163,695 shares at $2.76, a new 52 weeks closing high; Consolidated Bakeries had 10,000 shares trading at $1.16; Lasco Distributors gained 5 cents to $1.45 with 107,114 shares while Lasco Financial Services had a good day’s trading with 941,006 units to close at $1.30 and Lasco Manufacturing put in 104,260 units at $1.30, up by 10 cents.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with bids higher than the last selling prices and 1 stock with the offer that is lower.

Buy Rated: Active price movements

Friday, 10th January 2014 | Price changes saw 9 of the Buy Rated stock selection gaining during the week and 13 declining.

On the Jamaica Stock Market, the largest move was by Pan Jamaica Investment falling from $54 last week to $48.13 at the end of the week. Jamaican Teas fell 10 percent on small volume, back to $3.60. Grace Kennedy fell by 45 cents to $54.05; Hardware & Lumber dropped 9 percent from $8.down to $7.28, Lasco Manufacturing ended down 6 percent as the stock shed 8 cents to end at $1.20.

The week was not without its winners. Caribbean Producers put on 5 cents or 2 percent to close the week at $2.75 and is up 35 percent so far. General Accident is up only 2 percent since selection but gained 9 cents or 5 percent during the week.

BuyRated10JanLasco Distributors gained 10 cents for a gain of 8 percent; Carib Cement, in making it relentless climb from obscurity, hit $4 this week but only held on to $3.80 at the end for a week’s gain of 30 cents or 9 percent. The stock is up 41 percent so far. National Commercial Bank put on 80 cents or 5 percent for the week but is still under water since selection at 12 percent.

In Trinidad, First Citizens Bank climbed to the $50 forecast level and put on 91 cents in the week. Neal & Massy gained 55 cents in the week as it is gradually gaining traction with its price moving forward.

Related posts | Buy Rated: H&L up 74%

JSE: Market down, indicator points up

Friday, 10th January 2014 | The Jamaica Stock Exchange closed down for the two main indices as more stocks closed down than up. However, at the end of trading the Investors Choice sentiment indicator is pointing up with a far better spread than on Thursday.

In trading 1,421,849 shares changed hands for a value of $18,873,579 but the advance decline ratio deteriorated with only 3 stocks gaining in price to 8 that fell, the second day in a row that there was this lop sided ratio. There were only 26 securities to trade at the end of trading.

The JSE Market Index declined by 117.44 points to close at 79,766.01, the JSE All Jamaican Composite fell by 178.14 points to end at 80,534.13 but the JSE Junior Market Index advanced by 0.02 points to  776.78.

Main Market | Activity in the market saw the main trades as Caribbean Cement 54,951 shares at $3.80, down by 20 cents; Carreras 43,424 closing at $36.50, down by $2.50; Gleaner 46,967 units firm at $1.10; Hardware & Lumber 7,000 units as it fell back from $8.50 by a $1.22 to $7.28; Jamaica Producers 235,721 firm at $18.75; Mayberry Investments 15730 units firm at $2; Pan Jamaican Investment 129,752 shares as the price retreated by $5.95 to end at $48.05; Sagicor Group 30,167 shares to closed at $8.11; Sagicor Investments 9,650 shares to close 9 cents down at $15.61 and Scotia Group 100,032 units firm at $20.50.

JSEIndicesJan10Junior Market | Trading in the Junior market accounted for Access Financial Services exchanging 250,000 units at $12, no change in the price from Thursday; Caribbean Cream 103,308 units unchanged at $1; Caribbean Producers 67,750 shares to close firm at $2.75; Consolidated Bakeries 190,414 units at $1.18; General Accident 44,287 units at $1.89; Lasco Distributors 17,340 shares at $1.40, up 2 cents; Lasco Financial Services 34,300 shares firm at $1.30 and Medical Disposables 14,789 unit, unchanged at $2.10.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 10 stocks with bids higher than the last selling prices and 1 stock with a lower offer.

JSE: Carreras Jumps $4 follows special dividend

Thursday, 9th January 2014 |  Cigarette distributors, Carreras’ stock jumped $4 one day after the company announced a special capital distribution. Activity elsewhere in the Jamaica stock market resulted in 33 securities trading with 8 advancing and 11 declining while 5,316,730 shares changed hands with a value of $19,382,699.

The market indices mainly declined with the JSE Market Index declining by 210.97 points to close at 79,883.45, the JSE All Jamaican Composite falling 320.02 points to finish at 80,712.27 and the JSE Junior Market Index advanced by 1.44 points to end at 776.76. Caribbean Cement and Radio Jamaica that traded at $1.90 up 60 cents hit new 52 weeks high.

Main Market | Stocks trading with significant activity include, Cable & Wireless with 292,218 units to close down 2 cents at 17 cents; Caribbean Cement 448,359 shares as the price moved to a new 52 weeks high of $4, and was up 20 cents for the day; Carreras 10,132, up by $4 to $39 reacting to the announcement of special $1.18 capital distribution; Desnoes & Geddes 852,562 shares to close down 2 cents at $5; Gleaner 1,121,710 units unchanged at $1.10; Jamaica Broilers 743,757 shares, off by 13 cents to end at $4.58; Jamaica Money Market Brokers 81,697 units to close firm at $7.50; Jamaica Producers 167,417 shares to close down 25 cents at $18.75; Mayberry Investments 21,086 units firm at $2; National Commercial Bank 31,716 shares at $17, a fall of 10 cents; Scotia Group 40,997 shares at $20.50 and Supreme Ventures 207,491 units at $2.50.

JSEIndicesJan9Junior Market | In the Junior Market, C2W gained more than 100 percent in Thursday’s trading activity as just 10,000 of its shares were traded and the priced closed at 60 cents up 31 cents for the day, but there is not much interest shown in the market to buy more at the closing price, while AMG Packaging traded 16,104 shares at $3.48; Caribbean Producers traded 118,532 units to close unchanged at $2.75; General Accident had 421,800 units changing hands at $1.89; Lasco Distributors had 282,197 shares changing hands at $1.38; Lasco Financial Services traded 200,000 shares at $1.30; Lasco Manufacturing traded 197,449 to close down 8 cents at $1.20 and Medical Disposables traded 23,000 to close at $2.10.

IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower.

Related post | Carreras pays out liquidation money

JSE: Indices up

Wednesday, 8th January 2014 | In trading on the Jamaica Stock Exchange, shares of 29 companies traded with 13 stocks advancing to 6 that were down and 10,197,005 units changed hands with a value of $43,298,463.

The three main market indices closed up at the end of trading with the JSE Market Index advancing by 443.39 points to close at 80,094.42, the JSE All Jamaican Composite gained 672.54 points to finish at 81,032.29 and the JSE Junior Market Index advanced by 5.13 points to end at 775.32. Caribbean Cement and Caribbean Producers closed at new 52 weeks high.

Main Market| Activity in main market stocks resulted in trading in Berger Paints with 8,929 shares at $1.76; Cable & Wireless 5,893,367 units with the price closing up 2 cents at 19 cents; Carreras 629,254 shares at $35, down $1.75; Desnoes & Geddes 63,300 units at $4.98, off by 11 cents; Grace Kennedy 110,598 shares at $54 for an increase of 39 cents; Kingston Wharves 45,000 units at $6.10; National Commercial Bank 26,683 shares at $17.10, up by 58 cents; Pan Jamaican Investment 5,199 units at $54, a jump of $4; Sagicor Investments 100,000 shares at $16 up by 34 cents; Scotia Group 26,389 units at $20.50; Scotia Investments 11,750 shares at $25; Supreme Ventures 40,500 units at $2.51.

Jamaica Money Market Brokers 8.75% preference share traded 1,639,000 units at $3.

JSEIndicesJan8Junior Market | trading in the junior market saw Blue Power trading 306,565 units to close firm at $10; Caribbean Cream 100,000 shares at $1; Caribbean Producers up 5 cents as 309,890 units changed hands to close at $2.75; General Accident Insurance swapped 71,130 shares at $1.88; Lasco Distributors 436,710 units $1.38; Lasco Financial Services 123,789 shares at $1.27 and Lasco Manufacturing 213,542 units at $1.28.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 9 stocks with bids higher than their last selling prices and 4 stocks with offers lower.

JSE: Light trading

Tuesday, 7th January 2014 | Trading level was light on the Jamaica Stock Exchange with 1,887,470 units valued at $12,923,387 as 30 stocks were active accounting for prices rising for 10 and declining for 6.

The JSE Market Index declined by 354.40 points to close at 79,651.03, the JSE All Jamaican Composite declined by 537.55 points to end at 80,359.75 and the JSE Junior Market Index advanced by 3.95 points to reach 770.19.

Main Market | Stocks trading were Caribbean Cement with 235,081 units closing at a new 52 weeks high of $3.70 up 25 cents; Hardware & Lumber 13,447 units firm at $8.50; Jamaica Broilers 47301 units as the price gained 5 cents to $4.71; Jamaica Money Market Brokers 11,665 units down 4 cents to $7.50; Sagicor Group 319,737 units unchanged at $8.05; Sagicor Investments 10,822 units firm at $15.66; Sagicor Real Estate X Fund 11,302 shares up 30 cents to $6.50; Scotia Group 285,546 units at $20.45; Seprod 20,000 at $13.50; Supreme Ventures 62,300 shares as the price dropped 28 cents to $2.50.

Jamaica Money Market Brokers 8.75% preference shares traded 84,000 units firm at $3.

JSEIndicesJan7Junior Market | AMG Packaging traded 10,000 units at $3.50 up 2 cents; Caribbean Producers 91,500 unchanged at $2.70; Dolphin Cove 33,000 units at $8.50; General Accident 100,000 up 8 cents to $1.88; Lasco Distributors 6,000 shares unchanged at $1.30 and Medical Disposables & Supplies 500,000 shares at $2.15.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with bids higher than the last selling prices versus only 2 stocks with lower offers.