Big jump at JSE on Friday

August 7, 2015 by

Scotia pushes market sharply up on Friday

Scotia Group pushes market sharply up on Friday

The Jamaica stock market closed on Friday with strong movement in the indices to hit the highest levels since March 14, 2008 on the all Jamaica Composite index, for the JSE index it’s the highest since September 19, 2008. The market closed with 9 stocks rising, 9 declining as 29 securities changed hands with 5,441,593 units trading, valued at $44,801,033, in all market segments. 4 stocks closed at new 52 weeks’ high. Scotia Group was the main stock contributing to much of the rise.
At the close, the JSE Market Index jumped 1,849.21 points to 100,992.53, the JSE All Jamaican Composite index climbed 2,066.95 points to close at 111,821.48 and the JSE combined index rose 1,994.84 points to end at 104,636.95.
JSE sum- 07-08-15 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 6 with offers that were lower.
In trading, Cable and Wireless ended with only 5,877 units changing hands and lost 4 cents to end at 40 cents, Caribbean Cement traded 47,000 shares to close at $7.10 after gaining 10 cents, Gleaner traded at $1.52, up 22 cents after 28,300 shares changed hands, in response the merger of the company’s media operations with that of Radio Jamaica. At the close, Gleaner closed with ten bids above the last traded price with the highest at $1.72, during the day the bid was as high as $2.22. Grace Kennedy traded 13,372 shares at $64, Hardware & Lumber lost $2.25 to close at $12.75 with just 2,006 shares changing hands, Jamaica Broilers had 11,888 shares changing hands, in closing at $6.37, to record a loss of 63 cents. JSE fn Qts-7-08-15The Jamaica Stock Exchange stock traded 67,824 units at $6.80, for a loss of 20 cents, Mayberry Investments had 292,002 shares trading at $3.10 to gain 10 cents. National Commercial Bank had 35,410 shares trading to close with a 49 cents loss at $30, Radio Jamaica traded just 1,200 to end at a 52 weeks’ high of $3.90 as the price gained 45 cents. Sagicor Group ended trading with 1,017,852 units at $12.96, down 4 cents, Sagicor Real Estate Fund closed at $8.50 while trading 34,000 units, Scotia Group ended with 794,735 units trading as high as $26 but ended at $24, Scotia Investments traded 10,000 shares at $27.08 for an 8 cents rise and Jamaica Money Market Brokers 7.50% preference traded 166,500 units at $2.01..

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All JSE Index up 1,611 to 111,366 points

August 7, 2015 by

Gleaner Company traded at $1.53 at the opening with 28,300 units and now has a bid to buy 170,000 units at $1.50 and an offer to sell 99,000 at $1.88, the maximum price the stock can trade at is $1.69 today.
JSE Intra 7- 08-15The big trade is 793,675 units in Scotia Group, with the price rising $2 to $26, with Scotia Investments being the aggressive broker on the buy side. The stock was on offer at $26 with the bid at $23.66. Lasco Financial Services traded 1,350,000 units at 1.98.
In the process the All Jamaica Index trades at 111,366.23 up 1,611.70 points JSE Market Index fell 1,441.92 points to 100,585.24. The combined index gained 1,359.38 to be at 104,001.49 and the junior market index with only one stock trading was unchanged but with Lasco Manufacturing having a bid of $1.85 to but 8,500 units and an offer to sell at $2 the index could see changes soon.
Four stocks have declined at 10.30 am versus only two that rose out of just six that have traded, carrying a volume of 2,226,126 units.

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Scotia in big index push

August 7, 2015 by

Scotia gained $2 this maorning

Scotia gained $2 this maorning

Gleaner traded at $1.53 up from $1.30 on Wednesday following the announcement of the merger of the Gleaner’s media operations with that of Radio Jamaica. The trade took place at the opening with 28,300 units, the stock now has a bid to buy 170,000 units at $1.50 and an offer to sell 99,000 at $1.88, the maximum price the stock can trade at is $1.69 today.
The real big issue is the trade of 793,675 units in Scotia Group rising $2 to $26 with Scotia Investments being the aggressive broker on the buy side. Lasco Financial Services traded 1,350,000 units at 1.98.
In the process the All Jamaica Index trades at 111,449.70 up 1,695.17 points JSE Market Index fell 1,516.60 points to 100,659.92.

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10 stocks up but JSE fell Wednesday

August 5, 2015 by

RJR gained on Wednesday as merger talks with Gleaner media was disclosed

RJR gained on Wednesday as merger talks with Gleaner media was disclosed

The Jamaica Stock Market closed on Wednesday with losses in the main market indices with 10 stocks rising, 5 declining as 28 securities changed hands with 1,853,544 units trading, valued at $34,491,265 29, in all market segments with 2 stocks closing at new 52 weeks’ high. At the close, the JSE Market Index fell 296.39 points to 99,143.32, the JSE All Jamaican Composite index declined 331.29 points to close at 109,754.53 and the JSE combined index loss 198.77 points to end at 102,642.11.
JSE sum- 05-08-15r IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator showed a reading of 12 stocks with bids higher than their last selling prices and 4 with offers that were lower.
In trading, Cable and Wireless with 150,300 units changing hands gained 5 cents to end at 44 cents, Caribbean Cement traded 15,442 shares to close at $7 after shedding 10 cents, Carreras had 44,200 units trading to close at $52, Grace Kennedy traded only 1,335 shares and ended $1 lower at $64. Jamaica Broilers had 61,198 shares changing hands, in closing at $7, to record a new 52 weeks’ high after gaining 54 cents. Jamaica Producers added 4 cents to $18.85 with 15,000 units trading, Jamaica Stock Exchange stock traded 4,480 units at $7, National Commercial Bank had 348,023 JSE fn Qts-5-08-15shares trading and closed with a 49 cents gain to end at $30.49, Radio Jamaica ended with 127,887 shares changing hands at 44 cents higher at $3.45, Sagicor Group ended trading with 7,645 units at $13, Sagicor Real Estate Fund closed at $8.60 while trading 5,387 units with a gain of 60 cents. Scotia Group ended with 777,213 units trading at $24, for 1 cent rise, Proven Investments traded 20,100 ordinary shares at 18 US cents, down 1 cent. Jamaica Money Market Brokers 7.50% preference share closed with 50,000 units changing hands at $2.01.

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JSE pushes higher on Tuesday

August 4, 2015 by

Jamaica Broilers jumped sharply on Tuesday to end at $6.50

Jamaica Broilers jumped sharply on Tuesday to end at $6.50

The Jamaica Stock Market closed on Tuesday with strong movement in the indices, as 13 stocks rise, 6 fell and 28 securities changed hands, with 9,621,142 units trading, valued at $29,054,581, in all market segments, 2 stocks closing at new 52 weeks’ high. Sagicor Real Estate Fund traded as a new intraday high of $9.10 but closed lower. At the close, the JSE Market Index gained 861.33 points to 99,439.71, the JSE All Jamaican Composite index rose 962.74 points to close at 110,085.82 and the JSE combined index added 1,043.92 points to end at 102,840.88.
JSE sum- 04-08-15r IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator showed a reading of 7 stocks with bids higher than their last selling prices and 4 with offers that were lower.
In trading, Cable and Wireless ended with 3,100,287 units changing hands and lost 3 cents to 39 cents, Caribbean Cement traded 10,250 shares to close at $7.10 after shedding 35 cents, Carreras gained $1 with 6,385 units trading to close at $52, Gleaner traded at $1.30, up 5 cents after 20,000 shares changed hands. Grace Kennedy traded only 1,830 shares at $65, Jamaica Broilers had 18,800 shares changing hands, in closing at $6.50, to record a new 52 weeks’ high. The Jamaica Stock Exchange stock traded 200,445 units at $7, Mayberry Investments had another large trade amounting to 3,982,668 shares trading between $2.75 JSE fn Qts-4-08-15and $3. National Commercial Bank had 75,894 shares trading and closed with a 25 cents gain to end at $30, Sagicor Group ended trading with 169,015 units at $13, Sagicor Real Estate Fund closed at $8 while trading 584,560 units and traded as high as $9.10 for a new intraday high. The fund had reported before trading, profit of 8 cents per share in the June quarter, down from 11 cents in the June 2014 quarter and 46 cents per share to June, this year versus 27 cents for the six months to June last year. Scotia Group ended with 6,348 units trading at $23.99, for 1 cent fall and Proven Investments traded 15,625 ordinary shares at 19 US cents.

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Slow JSE morning session

August 4, 2015 by

Activity on the JSE is subdued on Tuesday resulted in only 202,616 units changing hands as 17 securities traded with 5 coming from the junior market, so far 7 stocks gained in price and 4 declined.
JSE Intra 4- 08-15After 95 minutes of trading, gains in a number of stocks including Sagicor Real Estate Fund, that traded at a new all-time high of $9, pushed the all Jamaican Composite index up 941.71 points to 110,064.79 points. JSE Combined Index gained 793.37 points to 102,590.33, JSE Index trades at 99,420.89 points after rising 842.51 points and Junior Market Index slipped 0.10 points to 977.08.
The Real Estate Fund reported profit of 8 cents in the June quarter down from 11 cents in the June 2014 quarter and 46 cents to June versus 27 cents for the six months to June last year. As the year progress earnings per share should fall, with the lower tourism inflows.

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NCB may give push to JSE soon

August 3, 2015 by

Supply is drying up for NCB

Supply is drying up for NCB

The Jamaica Stock Market closed on Monday with 12 stocks rising, 7 declining as 26 securities changed hands with 4,213,264 units trading, valued at $26,843,221, in all market segments with 2 stocks closing at new 52 weeks’ high, but lurking in the shadows are activities in National Commercial Bank that could give a big push to the JSE indices. Selling in the stocks has shrunken with a few days of fairly heavy trading in the last week of July. Currently, there are 11 offers with 140,000 units exposed in the market for sale in total, above $30.40.
At the close, the JSE Market Index lost 129.98 points to 98,203.59, JSE sum- 03-08-15rthe JSE All Jamaican Composite index fell 145.29 points to close at 108,705.88 and the JSE combined index added 66.62 points to end at 100,705.88.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator showed a reading of 9 stocks with bids higher than their last selling prices and 6 with offers that were lower.
In trading, Cable and Wireless ended with 42,253 units changing hands and lost a cent to 42 cents, Caribbean Cement traded 44,225 shares to close at $7.10 after shedding 35 cents, Carreras gained 25 cents with 6,715 units trading to close at $51, Gleaner traded at $1.25, down 5 cents after 15,300 shares changed hands. Grace traded 94,211 shares with a JSE fn Qts-3-08-15gain of $1 at $65, Jamaica Broilers had 22,400 shares changing hands, in closing at $5.70, Mayberry Investments had another large trade amounting to 2.900,000 shares trading at $3. National Commercial Bank had just 10,286 shares trading, while losing 25 cents to end at $29.75, Pan Jamaican Investment closed at $61.05 after trading 114,309 shares, to gain 55 cents, Radio Jamaica had 25,830 units changing hands while gaining 2 cents to close at $3.02, Sagicor Group ended trading with 10,325 units at $12.99, Sagicor Real Estate Fund closed at $8 while trading 25,000 units, Scotia Group ended with 13,561 units trading unchanged at $24,for 34 cents rise and Scotia Investments traded 56,092 shares to rise 20 cents to $27.

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Monday’s trading on JSE flat

August 3, 2015 by

JSE Intra 03- 08-15

Filed Under: JSE Main Market, Stock Market

Big Jump in rising stocks on Friday

July 31, 2015 by

The Jamaica Stock Market closed on Friday with 15 stocks rising, 5 declining as 26 securities changed hands with 2,738,510 units trading, valued at $22,665,691, in all market segments.
JSE sum 31-7-15At the close, the JSE Market Index gained 267.15 points to 98,470.74, the JSE All Jamaican Composite index rose 298.61 points to close at 109,002.77 and the JSE combined index added 674.11 points to end at 101,379.99.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator showed a reading of 10 stocks with bids higher than their last selling prices and 6 with offers that were lower.
In trading, Cable and Wireless ended with 266,138 units changing hands at 43 cents, Caribbean Cement traded 75,396 shares to close at $7.45, JSE fn qts 31-7-15 Gleaner traded at $1.15 and gained 15 cents after 32,960 shares changed hands, Grace traded 7,830 shares unchanged at $64, Jamaica Broilers had 33,982 shares changing hands and 10 cents in closing at $5.70, National Commercial Bank had 456,187 shares trading while gaining 20 cents to end at $30. Sagicor Group ended trading with 22,661 units at $13, Scotia Group ended with 64,798 units trading with a loss of 41 cents at $23.66, Supreme Ventures with 102,651 shares traded at $3.30 for a decline of 25 cents and Jamaica Money Market Brokers 7.50% preference share closed with 166,600 shares trading at $6.02.

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Juniors market at all-time high

July 31, 2015 by

Access_Financial_Services

Access Financial gained big on Friday

The JSE junior market racked up 46.56 points to 942.39 points for a new record high beating the previous high reached of 934.69 on June 10th, this year. The index gained 95.83 point during the week or 11 percent. A total of 10 securities traded with 9 rising and no declining resulting in 891,710 units valued at $2,263,064. The strong movement was aided by Access Financial that jumped to $15.50 from $12.76, Caribbean Producers gaining 50 cents, General Accident and gains in the three Lasco Companies along with a few others.
The market ended with 7 securities trading with 741,698 units changing hands, valued at $2,204,755 and the prices of 4 stocks rising and 2 declining.
At the close, the junior market had 6 stocks having bids higher than their last selling prices, 2 with lower offers. 6 securities closed with no bids to buy, while 8 had no stocks being offered for sale.
Stocks trading are, Access Financial gained $2.74 to close at $15.50 but with a small volume of 360 units, AMG Packaging traded 1,191 units with the price rising 10 cents to JM 31-7-15
$3.60, Caribbean Cream had 3,000 shares trading, firm at $2.05, Caribbean Producers gaining 50 cents, with 1,000 shares. Derrimon Trading ended with 10,000 units gaining 7 cents to close at $2.15, General Accident had 380,372 shares changing hands for a gain of 3 cents to end at $1.79, Lasco Distributors traded 28,397 shares to close at $1.71, up 6 cents, the stock closed with low supply to sell at $1.74 and $2.13. There are only 4 offers in the market amounting 70,000 units. Lasco Financial Services traded 1,400 units and gained 3 cents to end at $1.55, Lasco Manufacturing with 29,390 shares trading, closed 4 cents higher at $1.64, for anew 52 weeks high and Epply 9.5 percent preference share traded 166,600 units at $6.02, for a 1 cents gain.

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