The junior market was joined by two new listings on Thursday, following the successful IPO of CAC 2000 and tTech shares bringing the total junior market listings to 29. tTech opened trading at $3 with 7,809 shares to gain 50 cents on the IPO price, trading in the stock was halted with the price having exceeded the 15 percent circuit breaker rule before it reopened after an hour. CAC 2000 traded 1,000 units at $4.94 to record an increase of 9 cents from the IPO price of $4.85.
The Jamaican stock market is off to more strong start in early Thursday trading with all major indices recording gains in mid-morning session leading to a number of stocks recording new 52 weeks’ highs up to 10.45 am. A total of 32 securities traded amounting to 1,003,134 units changing hands with 15 rising, while 7 declined.
The all Jamaica Composite Index rose 1,050.43 points to 172,392.77 the JSE Market Index gained 939.93 points to 155,192.59 the JSE combined index added 1,376.19 points to 163,505.92 and the junior market index is up 54.24 points to 1,901.16.
The big trade of the day is Lasco Distributors with 274,787 shares as the price jumped 49 cents to a new high of $6.50 and Sagicor Group with 34,368 shares at a new 52 weeks’ of $22.50.
tTech gains 20% to trade at $3 as JSE moves higher
12 new highs as JSE explodes Wednesday
NCB ended at a new closing high of $42.
The JSE Market Index surged 2,568.62 points to 154,252.66, the all Jamaica Composite Index soared by 2,870.57 points to end at 171,342.34 and the JSE combined index leapt 2,496.15 points to close at 162,129.73.
At the close, 17,158,401 units valued at $122,672,205 changed hands in all markets with the junior market accounting for of 3,347,529 units changed hands, valued at $9,025,299. Trading was broad based with a total of 44 active securities in all market segments as 25 in the combined markets rising and 10 declining.
The main market seems on its way to 185,000 points level the nest major area of resistance having been moving well away from resistance around the 165,000 points level on the all Jamaica composite index.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 15 stocks with bids higher than their last selling prices and 4 with lower offers.In trading, Berger Paints ended with 4,349,578 shares trading at $3.16, for a rise of 1 cent. Cable and Wireless fell 5 cents, with 390,428 units changing hands to close at $1.35, Caribbean Cement jumped $1.50 to end at a 52 weeks’ high of $21, with 163,870 shares trading, Carreras closed at $61, with 1,720 units changing hands for a rise of 15 cents. Ciboney traded 57,841 shares with price rising 4 cents to 25 cents, Desnoes and Geddes traded 1,417 shares but closed down 5 cents to $29, Gleaner Company traded 710,170 shares at $2.50 with a 45 cents gain. Grace Kennedy closed with 4,031 units changing hands, for 50 cents higher at $84.70, Jamaica Broilers rose 30 cents and closed at a 52 weeks’ high of $10.75 with 34,091 shares changing hands, Jamaica Producers traded 5,000 shares to end at $31.99 for a loss of 1 cent. Jamaica Stock Exchange traded 37,839 shares to close at $18.60. JMMB Group traded 1,104,439 units and rose 65 cents to end at a 52 weeks high of $11.10,
s=”alignright size-full wp-image-24176″ />Kingston Wharves rose 5 cents in trading 6,071,000 units at $11.40, Mayberry Investments had 10,530 units changing hands for $4.35, National Commercial Bank gained $1.42 to end at a 52 weeks’ high of $42, with 13,868 units changing hands. 138 Student Living had 3,067 units trading for a gain of 5 cents to a 52 weeks’ high of $4.75, Radio Jamaica had 377,987 shares trading at $5. Sagicor Group jumped $1.81 to close at a 52 weeks’ high of $22 with 15,950 units changing hands. Scotia Group had 218,703 shares changing hands at $30.02 for a gain of 1 cent and Supreme Ventures rose 3 cents to end at $4.66 with 123,931 units changing hands and Proven Investments traded 41,432 ordinary shares to end at 22.9 US cents.
JSE continues in positive mode
The Jamaican stock market is off to more measured trading, early Wednesday with all major indices recording gains in mid-morning trading but leading to a number of stocks recording new 52 weeks’ highs up to 10.45 am. A total of 33 securities traded amounting to 1,556,075 units changing hands with 14 rising, while 9 declined.
The all Jamaica Composite Index rose 661.58 points to 169,133.35 the 
JSE Market Index gained 591.99 points to 152,276.03 the JSE combined index added 8601.65 points to 160,235.23 and the junior market index is up 4.76 points to 1,843.75.
Trading volumes were generally low, but there have been some interest in a number of stocks including Cable & Wireless with 186,335 shares trading at $1.35, Gleaner trading 262,000 units at $2.50, Jamaica Stock Exchange with 37,839 units at $18.60, JMMB Group with 72,026 units trading at $10.45, National Commercial Bank with 5,168 units at a new high of $41, Radio Jamaica at $4.50 with 24,280, Cargo Handlers trading at a new high of $37.65 with 126 shares, C2W Music at 43 cents for a new 52 weeks’ high with 47,290 shares changing hands, Caribbean Cream with 54,293 units at $3.89, General Accident with 79,400 units at $2, Lasco Distributors with 3,538 shares trades at a new high of $5.72 and Lasco Manufacturing with 641,051 units at $3.50 after trading earlier at $3.60.
JSE 2,940 points intraday gains melt to 240
Sagicor Group traded at a new high on Tuesday
The JSE Market Index rose 214.68 points to 151,684.04, the all Jamaica Composite Index gained 239.92 points to end at 168,471.77 and the JSE combined index gained 418.68 points to close at 159,633.58.
At the close, 5,096,460 units valued at $149,875,337 changed hands in all markets with the junior market accounting for of 1,801,000 units changed hands, valued at $7,668,101. Trading was broad based with a total of 44 securities being active in all market segments. Of the stocks trading 17 in the combined markets gained and 8 declined. Five stocks traded at 52 weeks’ closing high and 2 at intraday 52 weeks’ high as investors’ continue to push prices higher.
The main market was facing resistance around the 165,000 points level, on the all Jamaica composite index, now that it has crossed it and seems to be moving away, this level appears to be gathering strength to offer support for the market.IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 16 stocks with bids higher than their last selling prices and 8 with lower offers.
In trading, Berger Paints ended with 27,839 shares trading at $3.15 for a loss of 5 cents, Cable and Wireless rose 2 cents with 88,799 units changing hands to close at $1.40, but the stock was on offer at $1.35 at the close. Caribbean Cement dropped 94 cents to end at $19.50, with 5,019,013 shares trading, Carreras closed at $60.85, with 1,640 units changing hands for a rise of 85 cents, Desnoes and Geddes traded 136,442 shares but closed down 95 cents to $29.05, Gleaner Company traded 20,000 shares at $2.05 with a 35 cents gain. Grace Kennedy with 11,249 units changing hands, finished 20 cents higher at $84.20, Jamaica Broilers fell 5 cents and closed at $10.45 with 34,091 shares changing hands, Jamaica Producers traded 2,141 shares to end at $32, Jamaica Stock Exchange fell 39 cents while trading 42,101 shares to close at $18.60. JMMB Group traded 331,521 units and rose 25 cents to end at $10.45, Kingston Wharves traded 21,296 units at $11.35, Mayberry Investments had 33,628 units changing hands for $4.35, National Commercial Bank gained 8 cents to end at a 52 weeks’ high of $40.58, with 26,683 units changing hands.
138 Student Living had 138,798 units trading at $4.60 after rising to an intraday high of $4.70, Radio Jamaica had 215,062 shares trading with a gain of 92 cents to end at $5, but with 211,797 units selling for $4.20 and lower. Sagicor Group rose 19 cents to close at a 52 weeks’ high of $20.19 with 3,200 units changing hands, after it traded as high as $22. Scotia Group had 92,420 shares changing hands at $30.01 and Supreme Ventures ended at $4.66 with 76,838 units changing hands and Jamaica Money Market Brokers 7.50% preference share traded 15,947 units to end at $1.98.
JSE continues in positive mode
Stocks continue to trade on a positive note with all major indices increasing in mid-morning trading to new record highs and a number stocks recording new 52 weeks’ highs up to 11 am. Interest in the stocks is wide spread with 34 securities traded
amounting to 1,456,993 units changing hands with 14 rising, while 7 declined.
The all Jamaica Composite Index rose 851.87 points to 169,083.72 the JSE Market Index gained 762.26 points to 152,231.62 the JSE combined index added 880.33 points to 160,095.23 and the junior market index is up 17.99 points to 1,832.77.
Trades of some interest include Hardware & Lumber with 300,000 units at $18.50, National Commercial Bank with 2,956 units at a new high of $40.65, 138 Student Living with 138,798 shares at $4.60, Radio Jamaica back at $5 with a small volume, General Accident with 63,115 units at $2.19, Jamaican Teas with 37,500 shares at a new 52 weeks’ of $5.25, Lasco Distributors with 220,487 shares at $5.52 but after trading at $5.60 and Lasco Manufacturing with 172,614 units at $3.55.
JSE starts 2016 on a new high
NCB closed at new high of $40.50 on Monday.
At the close, 5,096,460 units valued at $149,875,337 changed hands in all markets with the junior market accounting for of 1,707,388 units, valued at $6,741,784. A total of 35 securities traded in all market segments, 17 of which in the combined markets gained and 8 declined. Five stocks traded at 52 weeks’ closing high and 2 at intraday 52 weeks’ high as investors continue to push prices higher.
The main market was facing resistance around the 165,000 points level, the on the all Jamaica composite index, now that it has crossed it and seems to be moving away. This level appears to be moving towards support for the market.
IC bid-offer Indicator| At the end of trading,
in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 11 stocks with bids higher than their last selling prices and 2 with lower offers.In trading, Berger Paints ended with 85,100 shares trading at $3.15 for a loss of 5 cents, Cable and Wireless rose 8 cents with 212,690 units changing hands to close at $1.38, Caribbean Cement climbed 54 cents to end at $20.44, with 10,000 shares trading. Carreras closed at $60, with 2,261,300 units changing hands for 82 cents fall but not until after it traded at a new 52 weeks’ intraday high of $62, Gleaner Company traded 52,000 shares at $1.70 with a 40 cents increase. Grace Kennedy with 2,483 units changing hands finished $2.75 higher at $84, Jamaica Broilers rose 25 cents and closed at $10.50 with 124,677 shares changing hands, Jamaica Producers traded 1,000 shares to end at $32, after rising $1.32,
Jamaica Stock Exchange gained 39 cents in trading 1,400 shares at $18.99, National Commercial Bank gained 50 cents to end at a 52 weeks’ high of $40.50, with 12,145 units changing hands. 138 Student Living had 260,933 units trading at a 52 weeks’ high of $4.60 after rising by 10 cents, Radio Jamaica had 51,000 shares trading with a gain of 42 cents to end at $4.08, Sagicor Group closed at $20 with 24,426 units changing hands, Scotia Group had 36,809 shares changing hands at $30.01. Seprod closed with a loss of 44 cents at $20.56 with 2,938 shares trading, Supreme Ventures ended at $4.66 with 208,363 units changing hands and Jamaica Money Market Brokers 7.25% preference share traded 26,000 units to gain 4 cents and ended at $2.06.
JSE off to positive start to 2016
The JSE main market starts 2016 off on a positive note with all major indices increasing in mid-morning trading and with a few stocks recording new highs. A total of 26 securities traded amounting to 2,148,475 units changing hands with 13 rising, while 2 declined.
The all Jamaica Composite Index rose 730.79 points to 168,094.04 the JSE Market Index gained 653.92 points to 151346.05, the JSE combined index added 638.18 points to 158,907.32 and the junior market index is up 2.32 points to 1,793.37.
26 stocks rose over 100%
The Jamaica stock market ended a momentous 2015 with the overall market doubling, aided by a 160 percent in the junior market to land the Jamaican market as the leader in the world in 2015. At the close, all three main market indices made huge gains to reach new record highs.
The JSE combined market index recorded gains of 102 percent for the year, the all Jamaica composite up 99 percent with the JSE Market Index climbing 97 percent.
In a year when just about anyone could use a dart to pick winning stocks out of the 51 securities that rose with gains ranging from a low of 1 percent to a high of 1,086 percent. Five stocks fell up to 17 percent and one ended with the price unchanged. A total of 25 securities rose by 103% or more and 16 between 50% and 95 percent.
After nearly 11 years passed, with the market not rising above the record set in 2005, the record was finally broken in the second half of 2015 as an announced takeover offer for the shares of Desnoes and Geddes helped push the market to new highs, but it was more than that. Treasury bill rates peaked at 9 percent in March 2014, falling to 6 percent by the end of 2015 was a major catalyst in igniting prices higher, aided by some strong increases in profit of a wide range of companies. The top 15 performing stocks for 2015 are those in the table. The Jamaica Stock Exchange delivered a stunning 1,085 percent gain for investors that were invested in the stock from the start of the year, followed by Pulse Investments with 757 percent and Caribbean Cement with 726 percent.
JSE stock gained 1,085% in 2015
With the level of gains in 2015, the PE ratio of the market rose sharply to an average around 10 times 2015 earnings. Some stocks are selling above the average. Interest rates on Treasury bills are around 6 percent but that should fall in 2016 and will result in higher PE ratios as stocks become more attractive as an investment means than before. The local economy grew 1.5 percent in the September quarter, much higher than the previous two quarters, suggesting potential for higher growth levels in 2016, if so corporate profits should continue to grow, hence 2016 should be seeing continuation of the market growing.
With data going back to the start of the Jamaica stock market, indicating that on average only 2 out of the top 10 stocks in a year repeat that performance in the subsequent year, investors should be looking outside the top 10 performing stocks for big winners in 2016. Of the top ten ones that could do very well are Pulse, Caribbean Flavour, Honey Bun. Jamaica Stock Exchange should continue to see attractive gains, with increased stock market activities in 2016. That should mean more revenues and profits, but it will be difficult to see them in the top 10. With the company paying a high level of dividends, investors could see the stock as very attractive for income and thus drive the price higher than profits may suggest is possible.
JSE closes 2015 on a new high
Sagicor Group HQ – its stock traded at a new high of $20 on the JSE
At the close, 6,627,296 units valued at $58,113,757 changed hands in all markets with the junior market accounting for 4,049,568 units, valued at $15,799,898. A total of 36 securities traded in all market segments, 19 of which in the combined markets gained and 8 declined. Four stocks traded at 52 weeks’ closing high and 1 at intraday 52 weeks’ high as investors continue to push prices higher.
At the close the JSE Market Index climbed 874.37 points to 150,692.13, the all Jamaica Composite Index rose 977.16 points to end at 167,363.25 and the JSE combined index gained 815.65 points to close at 158,269.14. The main market was facing resistance around the 165,000 points level, the on the all Jamaica composite index, now that it has crossed it,
the first week in 2016 will show if that level will now provide strong support for launch higher.IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 15 stocks with bids higher than their last selling prices and 4 with lower offers.
In trading, Cable and Wireless fell 4 cents with 91,865 units changing hands to close at $1.30 after trading as high as $1.45, Caribbean Cement fell 10 cents to end at $19.90, with 288,060 shares trading, Carreras closed at $60.82, with 8,378 units changing hands for 3 cents fall. Gleaner Company traded 2,661 shares at $1.30 with a 10 cents decline but had a bid at $1.49 to buy 10,240 shares. Grace Kennedy with 1,728 units changing hands finished higher by $1.15 at $81.25, Jamaica Broilers rose 25 cents and closed at $10.25 with 477,964 shares changing hands, Jamaica Producers traded 4,891 shares to end at $30.68, after falling 32 cents.
Jamaica Stock Exchange shed 39 cents in trading 100,000 shares at $18.60, Kingston Wharves closed at $11.35 with 41,990 shares changing hands, 5 cents higher. National Commercial Bank gained 99 cents to end at a 52 weeks’ high of $40, with 170,396 units changing hands, the stock traded as high as $40.02 for a 52 weeks’ intraday high. Pan Jamaican Investment had 4,140 shares trading with a gain of $1 to $94, Sagicor Group gained $1.50 and closed at $20 for 52 weeks’ high with 37,610 units changing hands, Scotia Group had 163,055 shares changing hands at $30.01 after falling by $1.48. Scotia Investments closed at $30 with only 5,000 shares trading and Supreme Ventures rose 4 cents and ended at $4.66 with 509,719 units changing hands.
JSE down early Thursday trading
The JSE main market suffered reversal of the big gains recorded on Wednesday, as Scotia Group pulled back from the closing price of $31.49 to $30, helping to knock 1,006 points off the all Jamaica composite index and pushing the other main market indices down sharply as well. The junior market inched up a bit as trading volumes are light on the final trading day of 2015.
The all Jamaica Composite Index declined by 1,006.49 points to 165,379.60 the JSE Market Index declined 900.62 points to 148,917.14, the JSE combined index fell by 843.70 points to 156,609.79 and the junior market index is up 0.75 points to 1,792.90.
A total of 23 securities traded amounting to 423,132 units changing hands with 13 rising, while 4 declined.
Interesting trades include, Gleaner Company with just a small volume at $1.30 but now has a bid to buy 16,000 units at $2 with the offer at $2.50, this comes after shareholders in Radio Jamaica and the Gleaner voted on Wednesday to approve the merger of the Gleaner’s media business with Radio Jamaica. Pan Jamaican Investment traded just 4,140 shares at $94 for a $1 gain, Sagicor Group traded only 424 shares at $18.51 but has a bid at $19 which is 49 cents higher than they last sale price with only one offer at $20.05 to sell a mere 2,000 shares and Scotia Group traded 95,636 units with the last transaction at $30.
