NCB saves JSE from decline on Friday

September 18, 2015 by

late rally in NCB stock price helped to recur JSE from a fall.

Late rally in NCB stock price helped to rescue JSE from a fall.

Trading in the main market saw low volumes for individual stocks as the main market indices rose moderately, thanks to gains in National Commercial Bank (NCB) late in the trading session thus reversing declines in prior to this trade with the stock closing at $29.99 up by $2.94 as only 1,460 units traded. At the end, 25 securities traded of which 8 stocks gained, 8 declined with 4,829,140 units, valued at $18,876,216 changing hands in all market segments.
The JSE Market Index rose 133.87 points to 96,895.19, the JSE All Jamaican Composite index climbed 149.62 points to 107,242.12 and the JSE combined index gained 131.79 points to end at 100,036.86.
JSE Sum -18- 9-15 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 12 stocks with bids higher than their last selling prices and 4 with offers that were lower, indicative of advancing stocks should be ahead of declining ones on Monday.
In trading, Cable and Wireless fell 1 cent with 200,000 shares changing hands, to close at 51 cents, Carreras traded 8,000 shares at $49.99, Desnoes & Geddes traded 60,357 shares after to end at $7, Gleaner traded 26,150 units at $1.90, Grace Kennedy lost 50 cents in trading 1,060 shares to close at $64. Hardware & Lumber ended with 4,980 shares trading at $12.80, Jamaica Broilers with 11,000 units changing hands, ended at $6.20 while losing 30 JSE fn qts 18-9-15cents, JMMB Group traded 527,208 units, the price fell 2 cents, to end at $7.80, Radio Jamaica ended with 14,445 units changing hands with a3 cents gain to end at $3.08. Sagicor Group with 6,589 shares trading, closed for 45 cents lower at $12.55, Scotia Group traded 27,614 shares to close gain 11 cents at $23.91, Supreme Ventures had 100,000 shares changing hands at $3.74, for a loss of 6 cents. Proven Investments ordinary share traded 171,659 units at 20 US cents, after rising 2 cents and Jamaica Money Market Brokers 7.5% preference share traded 225,500 units, to end at $2.01, after gaining 1 cent.

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1 stock rise 8 fell on JSE – early Friday

September 18, 2015 by

Declines in the prices of Gleaner, Grace Kennedy, Jamaica Broilers and a fall in Sagicor Group from $13 to $12.55 dented the main market indices in early Friday trading. Activities on the Jamaica Stock Exchange resulted 18 securities with a volume of 2,375,502 units, with 8 stocks declining and only 1 rising.
JSE Intra 18- 09-15Trading activity resulted small changes to the indices with the JSE Market Index declined 480.57 points to 96,280.75. The JSE All Jamaican Composite index dipped 537.05 points to 106,555.45 and the JSE combined index fell 511.85 points to be at 99,393.22. The junior market eased 6.50 points to 950.75.
The main trades so far are, Cable & Wireless has traded 200,000 shares at 51 cents, JMMB Group traded 527,208 ordinary shares at $7.80 and Supreme Ventures traded 100,000 shares at $3.74.

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NCB takes big bite off JSE indices

September 16, 2015 by

NCB drops $3 to chop the JSE indices

NCB drops $3 to chop the JSE indices

At the end of trading there were a number of stocks with large price movements, including National Commercial Bank that dropped $3 and knocked a large amount off the main market indices. At the end, 26 securities traded as 12 stocks gained, 8 declined with 7,263,312 units, valued at $33,817,778 changing hands in all market segments.
The JSE Market Index dived 1,543.26 points to 96,974.49, the JSE All Jamaican Composite index dropped 1,724.67 points to 107,330.74 and the JSE combined index lost 1,556.88 points to end at 99,983.01.
JSE Sum -16- 9-15 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 14 stocks with bids higher than their last selling prices and 6 with offers that were lower, indicative of another day of up and down price movements ahead.
In trading, Cable and Wireless gained 2 cents with 561,804 shares changing hands, to close at 50 cents, Carreras dropped $1.39 but with just 1,685 shares trading at $48.60, Grace Kennedy traded firm at $63.50 with 9,153 shares, Hardware & Lumber dropped $4.50 with 5,000 shares trading at $13. Jamaica Broilers with 318,926 units changing hands, ended at $5.90 while gaining 5 cents, after it traded as high as $7 in the morning session, JMMB Group traded 87,809 units, the price rose 22 cents to end at $7.85, JSE fn qts 16-9-15 Kingston Wharves had 86,000 units trading with a loss of 65 cents to end at $6.45, National Commercial Bank with 84,337 shares changing hands, closed at $27, having fallen $3, Sagicor Group with 161,067 shares closed 20 cents higher at $12.80, Scotia Group traded 81,117 shares to close with a loss of 4 cents at $23.81, Scotia Investments jumped $3.50 to $28 but with only 1,000 units, Proven Investments ordinary share traded 451,800 units at 20 US cents,Jamaica Money Market Brokers 7.25% preference share traded 421,747 units at $2.48 by losing 2 cents to end at a new 52 weeks’ low and Jamaica Money Market Brokers 7.50% preference share traded 52,000 units at $2.

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9 stocks rise 6 fall on JSE – early Wednesday

September 16, 2015 by

Trading activities on the Jamaica Stock Exchange resulted 18 securities with a volume of 2,375,502 units, with 6 stocks declining and 9 rising.
Trading activity resulted small changes to the indices with the JSE Market Index rising 30.18 points to 98,547.93. The JSE All Jamaican Composite index gained 33.73 points to 109,089.14 and the JSE combined index JSE Intra 16- 09-15 rose 142.51 points to be at 101,682.40. The junior market is up 12.77 points to 967.39.
The main trades so far are, Cable & Wireless has traded 541,404 at 48 cents, Caribbean Producers traded 159,216 units at $2.47 with a gain of 9 cents, Dolphin Cove traded 85,333 units at $12 while gaining 80 cents, Hardware & Lumber dropped $4.50 with 5,000 shares trading to $13, Jamaica Broilers with 32,000 units changing hands at $6.99 while gaining $1.14, Lasco Manufacturing had 1,034,450 shares trading at $2 after gaining 11 cents, Proven Investments ordinary share trades 450,000 units at 20 US dollars, Scotia Investments jumped $3.50 to $28 but with only 1,000 units and Jamaica Money Market Brokers 7.50% preference share traded 52,000 units at $2.

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Sagicor X Fund in big trade on JSE

September 15, 2015 by

Hotel property owned by Sagicor Real Estate Fund

Hotel property owned by Sagicor Real Estate Fund

At the end of trading Sagicor Real Estate X Fund traded 473.4 million units, trading between $6.95 and $7 with a value of $3.29 billion. A block of 473,414,000 units was crossed by Sagicor Investments on behalf of clients. At the end 8 stocks gained, 10 that declined in all market segments.
Market activity, on the Jamaica Stock Exchange picked up from moderate trading on Monday with only 21 securities trading and ended on Tuesday with 30 securities changing hands as 478,681,888 units, valued at $3,328,086,907 traded.
The JSE Market Index gained 336.73 points to 98,517.75, the JSE JSE Sum -15-9-15All Jamaican Composite index rose 376.31 points to 109,055.41 and the JSE combined index added 212.92 points to end at 101,539.89.
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 14 stocks with bids higher than their last selling prices and 7 with offers that were lower.
In trading, Cable and Wireless had 862,092 shares changing hands to close at 48 cents, Desnoes & Geddes traded 3,096,207 shares at $7.10 down 10 cents, Mayberry Investments ended with 178,500 units trading at $3 while gaining 19 cents, National Commercial Bank with JSE fn qts 15-9-15278,125 shares changing hands, closed at $30. Sagicor Group with 117,400 shares closed 40 cents lower at $12.60, Sagicor Real Estate Fund traded 473,418,735 units at $6.95, Radio Jamaica traded 11,085 shares to close at $3.05. Scotia Group traded 16,351 shares to close with a gain of 5 cents at $23.85, Scotia Investments ended with 13,666 shares trading 27 cents higher at $24.50, Supreme Ventures traded 9,440 shares but gained 10 cents in ending at $3.50, Proven Investments ordinary share traded 41,727 units at 19.9 US cents and Proven Investments preference share with 100,000 units traded closed at $5.

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NCB is positioning to rally on JSE

September 14, 2015 by

NCB's new branch on Constant Spring Road Kingston.

NCB’s new branch on Constant Spring Road Kingston.

At the end of trading National Commercial Bank (NCB) is getting ready to move with supply declining with only 6 offers posted, by three brokers reflecting a desire to sell less than 50,000 units in total. Supply is most likely more than the amount shown, normally the offers to sell would be much more than that now posted.
NCB is expected to report full year results to the end of September by the first week in November that is projected by IC Insider to exceed $5 per share.
JSE Sum -14-9-15Market activity was moderate, on the Jamaica Stock Exchange on Monday and ended with just 21 securities changing hands as 3,950,878 units, valued at $35,988,729 traded. At the end 6 stocks gained, compared to 7 that declined in all market segments, helping the indices to eke out some small gains.
JSE Market Index gained only 31.04 points to 98,181.02, the JSE All Jamaican Composite index rose just 34.68 points to 108,679.10 and the JSE combined index added 131.70 points to end at 101,326.97.
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 9 stocks with bids higher than their last selling prices and 6 with offers that were lower, an indication that the sideways movement of the market should continue.
In trading, Cable and Wireless had 87,813 shares changing hands to close at 48 cents, Carreras traded 19,345 shares at $50, for a 17 cents loss, JMMB Group had 1,010,000 shares JSE fn qts 14-9-15changing hands at $7.69 after shedding 1 cent. Mayberry Investments ended with 108,159 units trading at $2.81 while gaining 10 cents, NCB with 633,190 shares changing hands, closed at $30. Sagicor Real Estate Fund traded 445,452 units at $6.95 while losing 55 cents. Supreme Ventures traded 40,015 shares but lost 50 cents in ending at $3.40, Jamaica Money Market Brokers 7.50% preference share traded 98,354 units at $2, Jamaica Money Market Brokers 8.75% preference share traded 19,143 units at $2.85 with a 3 cents loss and Proven Investments preference share with 480,050 units traded closed at $5 for a 10 cents gain.

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9 stocks rise 1 fell on JSE – early Tuesday

September 14, 2015 by

Trading activities on the Jamaica Stock Exchange was again slow in the early morning session as buyers and sellers continue their stand-off. The market has so far traded 18 securities with a volume of 3,409,859 units, with only 1 stock declining and 9 rising.
JSE Intra 15 - 09-15Trading activity resulted small changes to the indices with the JSE Market Index rising 697.61 points to 98,878.63. The JSE All Jamaican Composite index gained 779.62 points to 109,458.72 and the JSE combined index rose 725.77 points to be at 102,052.74. The junior market inched up 7.52 points to 973.90.
The main trades so far are, Desnoes & Geddes traded 3,095,177 units at $7.50 while gaining 50 cents, Mayberry Investments 178,500 units at $3 while gaining 19 cents and Proven Investments ordinary share trades 38,977 units at 19.9 US dollars.

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4 JSE stocks down 3 up – early Monday

September 14, 2015 by

Trading activities on the Jamaica Stock Exchange continues to be slow in the early morning session. The market has so far have trading in 13 securities with a volume of 1,193,370 units, with 4 stocks declining and 3 rising.
JSE Intra 14 - 09-15Trading activity resulted small changes to the indices with the JSE Market Index rising 12.43 points to 98,162.41. The JSE All Jamaican Composite index gained 13.89 points to 108,658.31 and the JSE combined index rose 95.87 points to be at 101,291.14. The junior market slipped 9.42 points to 964.33
The main trades so far are Cable & Wireless with 87,813 units at 48 cents, Mayberry Investments 100,000 units at $2.80 while gaining 9 cents, Proven Investments preference share with 480,050 units $5 for a 10 cents gain. In the junior market Lasco Distributors with 82,224 units at $1.90 and Lasco Manufacturing had 350,326 units at $1.90, to gain 10 cents.

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Sagicor Real Estate Fund tops trading on JSE

September 11, 2015 by

Sagicor Real Estate Fund traded 12,553,254 units days after the company reported a successful rights issue that raised $5.2 billion. Most trading took place at $6.95, in shares crossed by Scotia Investments as brokers for clients. The stock price ended at $7.50 at the close, after losing 50 cents.
Market activity generally,JSE Sum -11- 9-15 on the Jamaica Stock Exchange ended with just 31 securities changing hands as 19,174,117 units, valued at $129,515,704 were exchanged. Sagicor Real Estate Fund accounted for a large portion of the monetary consideration. Seprod also chipped in with a fair amount. At the end, 8 stocks gained, compared to 11 that declined in all market segments. The JSE Market Index declined 648.07 points to 98,149.98, the JSE All Jamaican Composite index fell 724.25 points to 108,644.42 and the JSE combined index lost 916.38 points to end at 101,195.27.
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 13 stocks with bids higher than their last selling prices and 4 with offers that were lower.
In trading, Cable and Wireless had 1,700,000 shares changing hands to close at 48 cents, Caribbean Cement traded 10,000 shares at $8, for a 38 cents gain. Desnoes & Geddes traded 779,322 shares at $7, JMMB Group had 13,100 shares changing hands at $7.70 after gaining 5 cents, JSE end qts 11-9-15
Sagicor Group with 32,614 shares changing hands, closed at $13 with a 30 cents increase. Scotia Group traded 110,575 units in closing at $23.80, for a fall of 32 cents, Seprod traded 1,813,740 shares at $14 while losing 60 cents. Supreme Ventures traded 210.509 shares but lost 24 cents in ending at $3.90, Proven Investments ordinary share traded 91,890 units at 19.9 US cents after rising 0.004 cents and Jamaica Money Market Brokers 7.50% preference share traded 200,000 units at $2.

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Slow trading on JSE Friday

September 11, 2015 by

Trading activities on the Jamaica Stock Exchange has been slow in the early morning session with few trades of significant volumes. The market has so far have trading in 21 securities with a volume of 4,065,693 units, with 6 stocks declining and 5 rising.
JSE Intra 11- 09-15Trading activity resulted the JSE Market Index rising 102.04 points to 98,900.09. The JSE All Jamaican Composite index gained 114.03 points to 109,482.70 and the JSE combined index rose 55.04 points to be at 102,166.69. The junior market slipped 4.63 points to 984.39
The main trades so far are Cable & Wireless with 1,700,000 units at 48 cents, Seprod traded 1,813,740 at $14 while losing 60 cents, Proven Investments 86,890 units trading was at 19.9 US cents. In the junior market Lasco Distributors with 253,000 units at $1.85 and Eppley preference Shares 2019 traded 103,836 units at $6.05.

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