JSE markets pull back on Thursday
Big gains in early JSE trading
The Jamaica Stock Exchange got off to a rousing start to make a big recovery from the two previous days of big losses in the main market indices with the all Jamaica index rising over 2,900 points. The junior market index rose by 18 points in the process and a number of stocks traded at new highs as the bullishness of the market continues apace.
After 75 minutes of trading Jamaican Teas traded 33,948 shares up to $6.85 for a new all-time high, also trading at new 52 weeks’ highs are Berger Paints with 18,250 units at $4.90, Pulse Investments traded 13,268 units at a new high of $4.50 and Seprod with 11624 units at $22. Trading resulted in 37 securities being active amounting to 1,561,289 units as 18 stocks recorded gains and 5 declined.
Big gains were recorded by Grace Kennedy up by $2 to $85, National Commercial Bank up by $2 to $43, Pan Jam Investment with a gain of $1.50 to $97.50 but with Scotia Group dropping to $3 from $34.
The all Jamaica Composite Index rose 2,929.63 points to 179,434.40, the JSE Market Index jumped 2,618.78 points to 161,493.51, the JSE combined index gained 2,635.56 points to 173,219.49 and the junior market index rose 18.41 points to 2,318.79 as this market continues to make recovery from recent declines.
D&G dropped majors sharply – Monday
The JSE Market Index shed 2,948.76 points to 158,874.73 the all Jamaica Composite Index closed with a dive of 3,295.41 points to end at 176,507.77 and the JSE combined index dropped 2,447.98 points to close at 170,583.93.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 18 stocks with bids higher than their last selling prices and only 1 with a lower offer.
At the end of the market activities, Barita Investments ended with a gain of 50 cents as a mere 100 units traded to close at $4.78, Berger Paints rose 5 cents to end at 52 weeks’ closing high of $4.80, with 1,610 units traded. Cable and Wireless lost 4 cents to close at $1.50 with 1,123,590 units trading, Caribbean Cement fell 90 cents to close at $27.10 with 23,691 shares changing hands. Ciboney traded 20,632 shares at 21 cents, Gleaner Company fell 35 cents in trading 498,936 to close at $2.42, Grace Kennedy gained $1 to close at $83 with 242,975 units changing hands. Jamaica Broilers Group traded 24,546 units but fell 80 cents to $14, Jamaica Producers rose 85 cents to end at $30 with 10,800 units trading, JMMB Group traded 12,000 units to end at $11. Margaritaville Turks had 35,000 shares trading at a new high of 13.7 US cents, Mayberry Investments had 207,543 units changing hands with a loss of 25 cents to end at $4.75, National Commercial Bank traded 1,268,712 shares and dived $2.50 to close at $43. Pan Jamaican Investments closed at $96 after trading 400,000 shares with a loss of $1.50. Sagicor Group closed at $23 with 642,587 units changing hands. Scotia Group had 357,016 shares changing hands to close with a gain of $3.50 at a 52 weeks’ high of $37. Seprod added 3,564 units and gained $1.49 in ending at a 52 weeks’ high of $21.99, Supreme Ventures closed at $6.25 with 312,500 units changing hands, Proven Investments ordinary share traded 22,700 units to close at 22 US cents, JMMB 7.50% preference share traded 13,400 units with a gain of 1 cent at $2.12 and Proven Investment 8% preference share traded 52,000 units at $5.
Stocks dropped sharply on Friday
The Jamaica Stock Exchange main market indices all closed sharply down on Friday, as declines in mainly Scotia Group and National Commercial Bank took back much of the gains of Thursday, as 41 securities changed hands in all market segments, 18 of which gained and 9 declined.
Seven stocks closed at 52 weeks’ highs, as 7,135,151 units valued at $84,903,170 changed hands in all markets. The junior market accounted for 1,152,213 units valued at $5,608,634. The JSE Market Index shed 3,188.40 points to 161,823.49, the all Jamaica Composite Index closed with a dive of 3,563.21 points to end at 179,803.18 and the JSE combined index dropped 3,106.97 points to close at 173,031.91.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 19 stocks with bids higher than their last selling prices and only 2 with lower offers.
At the end of market activities, Barita Investments ended with a loss of 28 cents as 655,019 units traded to close at $4.28, Berger Paints rose 47 cents to end at a 52 weeks’ high of $4.75, with 2,350 units traded. Cable and Wireless with 283,110 units trading, closed with a rise of 2 cents at $1.54, Caribbean Cement fell 90 cents to close at $28 with 23,393 shares changing hands. Carreras exchanged 527,435 shares at $62.51 with a rise of 1 cent, Ciboney traded 532,700 shares at 21 cents after losing 3 cents, Gleaner Company gained 12 cents in trading 1,012,500 to close at a 52 weeks’ high of $2.77, Grace Kennedy gained 50 cents to close at $82 with 74,516 units changing hands. Jamaica Broilers Group traded 337,119 units but fell 40 cents to $14.80, Jamaica Producers ended at $29.15 with 1,621 units trading, as the price dipped 85 cents, Jamaica Stock Exchange closed at $20 with 14,000 units trading, JMMB Group traded 55,000 units but fell 20 cents to end at $11. Kingston Wharves traded 2,660 shares but lost 60 cents to end at $10.40, Margaritaville Turks had 102,000 trading at a new high of 13.5 US cents, Mayberry Investments had 614,873 units changing hands at $5 after rising by 50 cents, National Commercial Bank traded 16,432 shares and dived $1.50 to close at $43.50. Pulse Investments traded at a new 52 weeks’ high of $4.01 while gaining 11 cents with 819,301 shares. Sagicor Group closed at $23 with 573,960 units changing hands. Scotia Group had 137,276 shares changing hands to close with a fall of 40 cents at $33.50. Scotia Investments rose $1.88 with 3,000 units changing hands to end at $29.38. Supreme Ventures closed at $6.25 with 124,970 units changing hands, Proven Investments ordinary share traded 15,603 units to close at 22 US cents, JMMB 7.25% preference share traded 20,000 units at $2.40 and JMMB 7.5% preference share traded 34,100 units to gain 1 cent at $2.11.
Big losses in early JSE trading
Trading on the Jamaica Stock Exchange got off to a rocky start coming from the record run on Thursday in the main market and the big gains in the junior market. The performance of the market showed sharp fall in the indices in Friday’s morning session with declines of more than 1.65 percent in the main market indices.
The declines in the main market resulted mainly from National Commercial Bank falling $1 to $44 and Scotia Group dropping to $31.15 from $33.90 at the close on Thursday with 137,276 units but ended at $33.50. Lasco Manufacturing slipped back to a low for the day of $4.50 with the release after trading on Thursday of nine months results to December, but headed back to $5 with 346,640 units. On the positive front, Honey Bun that released results showing a huge increase in sales and profit, hit a record high of $10. Jamaican Teas traded just 64,051 units at a new high of $6. Barita Investments ended trading 655,019 units but the price slipped back to $4.28, Gleaner Company saw 1,012,500 traded at $2.77, Jamaica Broilers Group traded 328,619 units but fell to $14.80, Margaritaville Turks had 102,000 trading at a new high of 13.5 US cents, Mayberry Investments had 388,873 units changing hands at $4.65 and Pulse traded at a new 52 weeks’ high of $3.95 with 385,173 shares.
Trading after 75 minutes of the market’s opening, ended with 35 securities being active amounting to 4,208,620 units. 13 stocks recorded gains and 11 declined.
The all Jamaica Composite Index dropped 3,216.04 points to 180,150.35, the JSE Market Index dived 2,877.75 points to 162,134.14, the JSE combined index dropped 2,910.04 points to 173,228.84 and the junior market index fell 21.76 points or 0.96 percent to 2,252.95 as this market continues to make recovery from recent declines.
JSE post gains in early trading
Trading on the Jamaica Stock Exchange in Thursday’s morning session is off with a good with new 52 weeks’ highs being reached in Berger Paints at $4.25, Pulse Investments at $3.90 and Scotia Group at $35.95. Trading has mostly been focused on main market stocks, in the first 75 minutes of trading, with 31 securities traded amounting to 2,430,952 units.
11 stocks recorded gains and 11 declined as investors continue to buy up stocks even as some are taking profits from the run up in the market since 2015.
Volume leaders are General Accident Insurance with 500,000 shares at $2.10, Cable & with 368,638 withe price falling to $1.51, Jamaica Broilers with 113,936 units at $15.31, JMMB Group with 568074 shares at $11 and Scotia Group with 478,201 units at $35.95.
The all Jamaica Composite Index climbed 727.99 points to 183,162.41, the JSE Market Index rose 651.41 points to 164,829.36, the JSE combined index gained 824.84 points to 175,747.74 and the junior market index gained 23.32 points or 1.05 percent to 2,250.46 as this market continues to make recovery from recent declines.