Scotia Group jumps 11% on JSE Friday

September 4, 2015 by

Scotia's stock closed with a gain of $2.70 on Friday.

Scotia’s stock closed with a gain of $2.70 on Friday.

Scotia Group jumped just over 11 percent on Friday with more than 700,000 shares changing hands to help push the Jamaica Stock Exchange all Jamaican Composite index up by almost 3,000 points on the first day after the group released nine months results.
Scotia Investments crossed 623,135 units of its parent company shares out of a total of 700,154 they bought, between $26 and $26.99 with 612,725 units traded at $26.99, for in house purposes.
The Jamaica Stock Exchange closed trading with a total of 30 securities changing hands. A total of 2,251,172 units traded, valued at $24,730,236, with 9 stocks rising, 12 declining in all market segments. The JSE Market Index rose 2,637.77 points to 100,293.46. The JSE All Jamaican Composite index jumped 2,948.29 points to 111,040.12 and the JSE combined index rallied 2,460.94 points to end at 103,322.22.
JSE Sum -4- 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 10 stocks with bids higher than their last selling prices and 5 with offers that were lower, including 2 from the preference share sector.
In trading, Cable and Wireless traded only 559,840 shares, down from 4,748,662 units on Thursday and closed at 52 cents. At the close, visible bids exist for 10,000 shares at 50 cents and ranging between 48 cents and 49 cents, a total of 1,702,558 units and between 45-47 cents 537,500 shares. Visible offers at 52 cents, amount to 1,040,394 units, at 53 cents, 942,650 million shares, next are 595,177 shares at 55 cents and at 56 cents, 3,078,000 units. Carreras closed at $51 for a gain of $1 while a mere 1,045 units traded. Desnoes & Geddes traded 17,500 shares at $6.80, up 80 cents, Gleaner Company traded at 268,116 shares and added 5 cents to $1.85, Grace Kennedy traded down $1 at $63 with only 1,370 shares, Jamaica Broilers closed unchanged at $5.60 with 13,413 shares changing hands. National Commercial Bank traded just 53,230 shares and closed with a fall of 56 cents at $27.50, after it traded earlier at $30. Sagicor Group with 13,000 shares changing hands, closed with a gain of 43 cents at $13, Scotia Group traded 711,422 units between $23.80 and $26.99 but closed with a gain of $2.70 at $26.50. JSE fn qts 4-9-15At the close there were only 6 offers ranging between $26.50 and $30 to sell 73,748 shares at $26.50, 299,990 at $27 23,750 units at $27.10 and 54,600 shares at $30. On the buying side, bids start at $25.01 to buy 800 shares but they are thin, until they drop to $23.71, to buy 306,040 shares. Scotia Investments lost 50 cents and ended at $26.50 while 9,485 units traded, the stock opened down to $24.10 within six minutes of the market opening, in response to disappointing earnings for the July quarter. Proven Investments ordinary share, traded 32,600 units at 21 US cents, Supreme Ventures added 14 cents to end at $4.14 with 2,000 units changing hands.

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JSE’s sizeable gains on Friday

September 4, 2015 by

Scotia Investments fell to $24.10 down $2.90 within 6 minutes of the market opening, with 6,485 units trading in response to the nine months results of the company JSE Intra 4- 09-15released after trading closed on Thursday, National Commercial Bank traded at $29.50 which helped in pushing the main market indices upwards and Cable & Wireless traded 513,840 shares at 52 cents.
The market has so far have trading in 17 securities with a volume of 720,412 units, with 7 stocks declining and 2 rising.
Trading activity resulted the JSE Market Index rising 478.29 points to 98,133.98. The JSE All Jamaican Composite index gained 534.59 points to 108,626.42 and the JSE combined index added 447.42 points to be at 101,308.70. The junior market fell 0.39 points to 969.49.

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Cable & Wireless jumps 11% on JSE

September 3, 2015 by

C&W which just ditched the Lime brand for Flow, gained nearly 11% in trading on Thursday

C&W which just ditched the Lime brand for Flow, gained nearly 11% in trading on Thursday

Cable and Wireless gained almost 11 percent with more than half of the shares changing hands on the Jamaica Stock Exchange with more than 4.7 million units on Thursday, up from Wednesday’s 2,882,269 units as the stock comes in for increasing demand with the merger with Flow progressing.
The Jamaica Stock Exchange closed trading with all active indices falling with advancing and declining stocks being evenly matched as was the case on Wednesday. A total of 31 securities changed hands, resulting in 7,916,489 units trading, valued at $29,539,131, with 8 stocks rising, 8 declining in all market segments. The JSE Market Index fell 245.83 points to 97,783.73. The JSE All Jamaican Composite index declined 274.77 points to 108,234.94 at support level on the downside and the JSE combined index fell 50.41 points to end at 101,002.73.
JSE Sum -3- 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 8 stocks with bids higher than their last selling prices and 8 with offers that were lower.
In trading, Cable and Wireless rose 5 cents with 4,748,662 units and closed at 52 cents. At the close, visible bids exist for 41,500 shares at 45 cents and ranging between 40 cents and 44 cents, a total of 397,000 units, well down on amount on Wednesday’s bids of 2.46 million units at 40 cents and above. On offer between 52 and 55 cents, are 6 visible offers to sell 2.58 million shares. Caribbean Cement had 11,300 shares changing hands stock for a loss of 5 cents to $7.85, Carreras closed at $50 for a loss of 30 cents while 274,344 units traded. Jamaica Broilers closed unchanged at $5.60 with 50,174 shares changing hands, National Commercial Bank traded just 3,200 shares and closed with a fall of $1.94 at $28.06. Sagicor Group with 179,796 shares changing hands, closed unchanged at $12.57, JSE fn qts 3-9-15Sagicor Real Estate Fund landed 33,271 shares for a gain of 10 cents to end at $8, Scotia Group traded 22,000 units to close with a loss of 20 cents at $23.80, Scotia Investments ended at $27 while only 159,004 units traded. Proven Investments ordinary share, traded 15,346 units at 21 US cents, Supreme Ventures added 50 cents to end at $4 with 23,022 units changing hands, Jamaica Money Market Brokers 7.50% preference share traded 50,000 units at $2 and Proven Investments 8% preference share traded 110,400 units at $4.90 after trading at a 52 weeks’ low of $4.85.

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JSE gains on Thursday morning

September 3, 2015 by

After trading for 100 minutes of the market’s opening, on Thursday 22 securities traded with a volume of 1,953,223 units, with 4 stocks declining and 6 rising.
Trading activity resulted in mixed fortunes for the indices with the main market ones rising and the junior market easing a bit.
JSE Intra 3- 09-15 The JSE Market Index rose 612.43 points to 98,396.16.22. The JSE All Jamaican Composite index gained 684.53 points to 108,919.47 and the JSE combined index added 559.60 points to be at 101,562.33. The junior market fell 1.97 points to 970.20.
The notable trades are Cable & Wireless with 876,220 shares at 49 cents, for a gain of 2 cents, Caribbean Cream had 245,000 units trading at $1.71, down 69 cents, Carreras traded 274344 at $50, Sagicor Group saw 178,396 units changing hands at $13, while Scotia Investments put through 42,000 shares at $27.70.

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See-saw action continues on JSE

September 2, 2015 by

Cable & Wireless HQ - the stock is in demand with the merger of Flow and C&W gathers pace.

Cable & Wireless HQ – the stock is in demand with the merger of Flow and C&W gathers pace.

The Jamaica Stock Exchange closed trading on Wednesday with main market indices rising with advancing and declining stocks evenly matched but with limited trading activity except for a 3 securities that had relatively high volumes. The market closed with 28 securities changing hands, resulting in 5,735,184 units trading, valued at $17,707,188, with 8 stocks rising, 8 declining in all market segments.
At the close, the JSE Market Index fell 245.83 points to 97,783.73. The JSE All Jamaican Composite index declined 274.77 points to 108,234.94 at support level on the downside and the JSE combined index fell 50.41 points to end at 101,002.73.
JSE Sum -2- 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 7 stocks with bids higher than their last selling prices and 9 with offers that were lower.
In trading, Cable and Wireless rose just 1 cent with 2,882,269 (Tuesday 2,494,634) units and at 47 cents. At the close, visible bids exist for 1 million units at 46 cents, and ranging between 40 cents and 45 cents a total of 1.46 million units. On offer between 48 and 55 cents, are 11 visible offers to sell 3.3 million shares. Caribbean Cement had 797,607 shares changing hands for a loss of 10 cents to $7.90, Carreras closed at $50.30 as the price gained 80 cents while 7,380 units traded. Desnoes & Geddes traded 50,000 shares but lost 40 cents in closing at $6, Grace Kennedy had 38,552 units changing hands at JSE fn qts 2-9-15$64, Jamaica Broilers closed at $5.60 with 43,741 shares changing hands as the stock lost 80 cents. Sagicor Group with 40,000 shares changing hands, closed with a loss of 43 cents at $12.57, Scotia Group traded 14,800 units to close with a gain of 26 cents at $24, Scotia Investments ended at $27 while only 8,000 units traded but the stock traded in Trinidad at the equivalent of J$29.50 and with a bid to buy over 320,000 units at the same price. Proven Investments ordinary share, traded 15,346 units at 21 US cents, Jamaica Money Market Brokers 7.50% preference share traded 53,016 units at $2 and Proven Investments 8% preference share traded 135,594 units at $4.90.

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Juniors up on Wednesday morning

September 2, 2015 by

After trading for 90 minutes of the market’s opening, on Wednesday 17 securities JSE Intra 2- 09-15traded with a volume of 1,298,546 units, with 2 stocks declining and 6 rising.
Trading activity resulted in mixed fortune for the indices, with the main market ones falling and the junior market increasing. The JSE Market Index fell 232.01 points to 97,797.55. The JSE All Jamaican Composite index lost 259.32 points to close at 108,250.39 and the JSE combined index declined 20.61 points to end at 101,032.53. The junior market rose 21.88 point to 974.02.
The notable trades are. Cable & Wireless with 765,700 shares at 48 cents, for a gain of 2 cents, Subsequent to 11 am, Caribbean Flavours & Fragrances traded 1,221,984 at $2.70.

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Securities trading at elevated level

September 1, 2015 by

NCB jumped to $30 on Tuesday.

NCB jumped to $30 on Tuesday.

The Jamaica Stock Exchange closed trading on Tuesday with main market indices rising with advancing stocks in the ascendancy but with limited trading activity. The market closed with 33 securities changing hands, resulting in 2,973,601 units trading, valued at $16,122,122, with 9 stocks rising, 6 declining in all market segments. and 2 junior market stocks closing at new 52 weeks’ high,
At the close, the JSE Market Index rose 745.81 points to 98,029.56. The JSE All Jamaican Composite index jumped 833.61 points to 108,509.71 at support level on the downside and the JSE combined index added 634.94 points to end at 101,053.14.
JSE Sum -1- 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 10 stocks with bids higher than their last selling prices and 7 with offers that were lower.
In trading, Cable and Wireless rose just 1 cent with 2,494,634 units and closed at 46 cents. At the close, visible bids ranging between 40 cents and 45 cents totalled 2.6 million units. On offer between 48 and 50 cents, are 6 visible offers to sell 3.27 million shares. Desnoes & Geddes traded 2,337 shares at $6.40 with a fall of 40 cents, Grace Kennedy had 108,148 units changing hands at $64, Jamaica Broilers closed at $6.40 with just 38,000 shares changing hands. The price rose to $6.99 in the morning session before falling JSE end qts 1-9-15back to the closing price. Mayberry Investments ended up rising 50 cents to $3.40 with 83,868 units, but the stock closed with an offer at $3.05 to sell 100,000 units. National Commercial Bank traded 163,714 shares and closed with a gain of $1.25 at $30, the price also jumped in Trinidad to reach J$30. Sagicor Group with 21,500 shares changing hands, closed at $13. Scotia Group traded 4,825 units to close with a gain of 60 cents at $23.76, Scotia Investments ended down 79 cents at $27 while only 1,000 units traded and Proven Investments ordinary share, traded 15,245 units at 21 US cents and Jamaica Money Market Brokers 7.50% preference share traded 25,000 units at $2.

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Main market up juniors down Tuesday

September 1, 2015 by

After trading for 90 minutes of the market’s opening on Tuesday, 23 securities traded with a volume of 1,089,675 units. There were 7 stocks declining and 8 rising in the morning session.
Trading activity resulted in mixed fortunes for the indices with the main market JSE Intra 1- 09-15gaining and the junior market falling.
The JSE Market Index rose 157.23 points to 97,440.98.04. The JSE All Jamaican Composite index gained 175.74 points to close at 107,851.84 and the JSE combined index gained 88.49 points to end at 100,506.69. The junior market fell just 6.60 point to close at 953.08.
The notable trades are Cable & Wireless with 786,080 shares at 46 cents, Carreras trading at $50.30 with a gain of $1.30 but with only 100 shares, Jamaica Broilers with 1,000 units at $6.99 after jumping 59 cents, Mayberry Investments rising 50 cents to $3.40 with 83,868 units. From the junior market, Access made fell $4.50 to $12 with a gain with 11,886 units trading, Caribbean Cream rose 40 cents to $2 but trading the stock was halted for an hour as the price exceeded 15 percent on an initial trade.

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Only $10m traded on JSE on Monday

August 31, 2015 by

NCB's new Constant Spring Rd. branch. The company's stock closed with a gain of 73 cents on Monday

NCB’s new Constant Spring Rd. branch. The company’s stock closed with a gain of 73 cents on Monday

The Jamaica Stock Exchange closed on Monday with main market indices declining again but advancing stocks were in the ascendancy. The market closed with 33 securities changing hands, resulting in 2,973,601 units trading, valued at $10,712,304, with 14 stocks rising, 6 declining and 2 junior market stocks closing at new 52 weeks’ high, in all market segments.
Unlike Friday when there were only 9 securities trading in the main and US dollar markets, Monday saw trading in 19 securities.
At the close, the JSE Market Index fell 334.02 points to 97,283.75. The JSE All Jamaican Composite index declined 373.34 points to 107,676.10 at support level on the downside and the JSE combined index added 227.26 points to end at 100,418.20.
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 that confirms that the decline in the market is ending. JSE sum- 31-08-15rTrading closed with a reading of 10 stocks with bids higher than their last selling prices, and 4 with offers that were lower, the same reading as on Friday.
In trading, Cable and Wireless rose just 1 cent with 1,764,685 units and closed at 46 cents. At the close, bids have built up with 159,000 units at 44 cents, at 43 cents, two bids form 779,586 units, and at 42 cents 710,209 units, 120,000 at 41 cents and 1,538,423 units at 40 cents. On offer between 46 and 52 cents, are 7 visible offers to sell 1,550,578 shares, IC Insider understands that there is an undisclosed amount at 46 cents. Grace Kennedy had 48,366 units changing hands at $64, Jamaica Broilers traded at $6.40 with just 2,500 shares JSE fn Qts-31-08-15changing hands to gain 80 cents, JMMB Group traded 28,350 shares at $7.50, but lost 20 cents, National Commercial Bank traded 11,348 shares and closed with a gain of 73 cents at $28.75. Sagicor Group with 82,930 shares changing hands, closed at $13. Scotia Group traded 70,705 units to close with a gain of 60 cents at $24.36, Scotia Investments ended down 79 cents at $27 while only 1,000 units traded, Supreme Ventures ended with 21,362 stock units trading, with a gain of 2 cents to $3.42 and Proven Investments ordinary share, traded 23,350 units at 21 US cents for a loss of 1 US cent.

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Securities trading jump on Monday

August 31, 2015 by

Unlike last week Friday when only 8 securities traded after 75 minutes of the market’s opening, on Monday the number of stocks trading jumped to as 29 including 14 junior market stocks. Trading volume is a mere 477,223 units, with 6 stocks declining versus 11 rising.
JSE Intra 31-08-15Trading activity resulted in mixed fortunes for the indices with the main market one falling and the junior market increasing. The JSE Market Index fell 238.55 points to 97,379.22. The JSE All Jamaican Composite index gained 266.63 points to close at 107,782.81 and the JSE combined index lost 163.37 points to end at 100,482.09. The junior market gained just 6.80 point to close at 956.79.
The notable trades are Carreras trading at $50.30 with a gain of $1.30 but with only 1,000 shares, Jamaica Broilers with 2,000 units at $6.99 after jumping $1.39. From the junior market, Access made another big leap to $19 with a gain of $6 but with 13,840 units, Blue Power rose 70 cents to $13, Dolphin Cove gained 85 cents to $13, while 62,000 shares traded and Lasco Distributors was up 23 cents to $1.85 with 184,468 units.

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