JSE breaks resistance & heading higher

April 28, 2015 by

Pan jam gained $3.95 in closing at $60 on Tuesday

Pan jam gained $3.95 in closing at $60 on Tuesday

The Jamaica Stock Exchange, closed on Tuesday with another strong gain with the prices of 16 stocks rising, 2 declining. A total of 25 securities changed hands, ending in 3,095,351 units trading, valued at only $10,647,639, with 5 new 52 weeks’ closing highs, in all market segments but the Investors’ Choice market indicators is pointing to another strong day on Wednesday.
Main Market| The JSE Market Index gained 1,387.58 points to 89,858.07, the JSE All Jamaican Composite index rose 1,551.38 points to close at 99,183.79 and the JSE combined index climbed by 1,275.93 points to close at 91,376.07. At the close the market had pierced the resistance just under 99,000 points on the all Jamaica composite Index and seems poised to test the next major level of 109,000 points.
JSE sum 28-4-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 17 stocks with bids higher than their last selling prices and just 2 with offers that were lower.
Cable & Wireless traded 1,365,296 shares at 52 cents, Caribbean Cement traded 9,060 units at $3, up by 30 cents, there was an attempt to trade at $3.30 but that trade was cancelled as it exceeded the level permitted at that time of the trade. The stock was responding to a big jump in the company’s first quarter results for 2015 with profit after tax of $248 million versus just $35 million the year before, these results suggest that full year earnings could rise to $1 per share, as such the stock has much more room to run. Jamaica Broilers ended with 39,344shares at $4.80,JSE -7-4-15.docxfn qts 28-4-15 Jamaica Producers gained 50 cents with 12,000 units changing hands at $17.50, the Jamaica Stock Exchange had 150,000 units changing hands at $2.90. National Commercial Bank traded 13,860 shares to close at $28, for a gain of 99 cents. At the close there was a bid for 10,000 units at $28.10 and 600,000 units at $28. Pan Jamaican Investment climbed $3.97 to $60 with 6,550 shares, Sagicor Real Estate X Fund had a large trade of 873,309 units at $6.55,Jamaica Money Market Brokers 8.75% preference share traded 246,146 units at $3.20 after gaining 13 cents. Scotia Group traded only 27,306 shares to close at $22.72 with a gain of 5 cents, Seprod traded only 353 units as the price jumped $2 to $18 and Supreme Ventures closed at a new 52 weeks’ high of $3.20 by gaining 10 cents with 49,476 shares trading.

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Market holding poised to gain more

April 28, 2015 by

Jamaica Stock Exchange activity saw 22 securities trading up to midday on Tuesday leading to JSE 12nn 28-4-15the all Jamaica composite Index being up 1,146.53 points to 98,778.94 and the JSE market Index gained 1,025.48 points to 89,495.97.There were 5 securities trading in the junior market. In the main market Caribbean Cement traded 9,060 units at $3, up by 30 cents and now have a bid for 100,000 units at $3.30, Carreras’ bid is at $46.01 but for only 585 units, the stock last traded on Tuesday at $45. Desnoes & Geddes bid is at $6.05 for a small volume versus $5.90 at the last sale on Tuesday, JMMB Group has a bid at $7.56 versus the last sale of $7.50.

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JSE powering up to break resistance

April 27, 2015 by

JSE closed at a new 52 weeks' high of $2.90 by posting a gain of 89 cents

JSE closed at a new 52 weeks’ high of $2.90 by posting a gain of 89 cents

The Jamaica Stock Exchange continued where it left off on Friday and posted another solid day of gains on Monday but with limited volume. The market ended with the prices of 13 stocks rising, 5 declining as indicated by the IC stock market indicator at the close on Friday.
Monday’s reading suggest a continuation of the bullish tone, although it suggest that there could be less stocks gaining in the main market than on Monday.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 13 stocks with bids higher than their last selling prices and 4 with offers that were lower.
JSe sum 27-4-15 Main Market| The JSE Market Index gained 1,055.74 points to 88,470.49, the JSE All Jamaican Composite index rose 1,180.37 points to close at 97,632.41 and the JSE combined index increased by 953.26 points to close at 90,100.14. In all, 28 securities changed hands, ending in 1,437,587 units trading, valued at $28,055,047, in all market segments and 4 stocks closed at new 52 weeks’ high.
In trading, Barita Investments closed with 130,500 shares trading at $2.07, for a 12 cents gain, Caribbean Cement had 26,500 units changing hands 20 cents higher at $2.70. Carreras closed trading with 12,563 shares at $45 but traded as high as $46.50 for a new 52 weeks’ intraday high but lost $1 at the end. Grace Kennedy put through 26,573 units to gain 43 cents and end at $62.99, Jamaica Broilers put on 20 cents with 11,628 shares trading, at $4.80. Jamaica Stock Exchange closed with 37,512 units trading at $2.90, after putting on 89 cents gain, to end at a 52 weeks’ high, National Commercial Bank traded at a new 52 weeks’ intraday high of $28, with 840,067 JSE fn qts 27-4-15 shares changing hands, the stock closed at a 52 weeks’ high of $27.01 with an increase of 29 cents. Pan Jamaican Investment traded just 500 shares to close with a gain of 75 cents at $56.03, Sagicor Group traded 34,338 units at $10.61, to record a gain of 6 cents, Scotia Group had 30,477 shares trading, to close at $22.66 for a 66 cents gain, to close at a 52 weeks’ high. Supreme Ventures closed at a 52 weeks’ high of $3.10 with just 20,000 shares changing hands and put on 23 cents and Jamaica Money Market Brokers 8.75% preference share traded 76,000 units at $3.07 as the price slipped by 13 cents.

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NCB pushes index

April 27, 2015 by

National Commercial Bank traded 508,263 shares at a new 52 weeks’ high of $27 on the Jamaica Stock Exchange on Monday morningJSE int 27-4-15 and helped to push the all Jamaican Index by 388 points. The stock subsequently traded at $28, while Supreme Ventures traded 20,000 units at a new 52 weeks’ high of $3.10.
Trading resulted in 13 securities trading including 3 from the junior market. A total of 658,835 units traded at 10.45am. Carreras traded 3,878 units but slipped back $1 to $45. Stocks not trading as yet but look promising are Caribbean Producers with the bid at $2.70 to buy 18,348 shares, the stock last traded at $2.70 on Friday. AMG Packaging had a bid for 21,262 shares at $2.33 compared to last sale of $2.26, Caribbean Cream with a bid to buy 535,715 shares at 70 cents versus last sale of 65 cents, Dolphin Cove with 95,864 shares on the bid at $9.20 where it traded this morning, General Accident Insurance having a bid for 663,735 units at $1.70 the same as the last price.

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Positive end to strong week – JSE

April 24, 2015 by

JMMB Group closed week at a new 52 weeks' high with over 10 m shares trading

JMMB Group closed week at a new 52 weeks’ high with over 10 m shares trading

The Jamaica stock market closed out the week on a strongly positive note. All indicators are pointing to another strong opening to next week, with the IC Indicator recording a very strong signal at the close. The market ended with the prices of 9 stocks rising, 3 declining as 22 securities changed hands and 4 recorded new 52 weeks highs with 13,280,518 units trading, valued at $109,770,966, in all market segments.
Main Market| The JSE Market Index gained 768.58 points on Friday to end at 87,414.75, for the week 2,324.62 points were added. The JSE All Jamaican Composite index rose 859.30 points to close at 96,452.04, for the week the index gained 2,599.03 points JSE sum 24-4-15and the JSE combined index gained 739.54 points to close at 89,146.88 and put on 2,209.08 for the week.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 14 stocks with bids higher than their last selling prices and only 2 with offers that were lower, a very strong indication of a robust day for gains on Monday.
In trading, Carreras has fully recovered from the sell off when the Government announced new taxes on cigarettes in February and traded 12,000 shares to close at new 52 weeks’ high of $46 by rising 95 cents, Grace Kennedy closed with 5,300 shares changing hands at $62.56 by gaining 36 cents. Jamaica Producers continues to trade in heavy volume, this week and closed the week with 753,915 units trading at $17, for a gain of 20 cents,JSE Qts 24-4-15 JMMB Group had heavy trading amounting 10,617,440 ordinary shares valued at $79,623,408 to end at a new 52 weeks’ high of $7.50 after posting a 44 cents rise. Kingston Wharves’ 13,714 that traded led to a new 52 weeks’ high of $7, after putting on 10 cents, National Commercial Bank traded 21364 units to close at a new 52 weeks’ high of 26.72 and gained 2 cents but closed with the offer at $26.99. Pan Jamaican Investment traded 24,900 shares at $55.28 to record a 22 cents decline. Sagicor Group traded 882,127 shares ending at $10.50, Scotia Investments traded 113,900 units and gained 20 cents to end at $23.80 and Supreme Ventures traded 200,000 units at $2.85, down 10 cents but the bid ended at $3 to purchase 10,131 shares

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Bulls take over JSE with 6 new highs

April 23, 2015 by

Seprod traded at 52 weeks " high on Thursday at $16

Seprod traded at 52 weeks’ high on Thursday at $16

The number of stocks participating in trading on the Jamaica Stock Exchange widened to 27 on Thursday, from 23 on Wednesday. A total of 1,257,808 units changed hands, valued at just $10,579,864, resulting in the prices of 14 stocks rising, with 6 hitting 52 weeks’ highs. There were 7 declining stocks, in all market segments.
Stocks closing at 52 weeks’ high on Thursday are Carreras, Knutsford Express from the junior market, National Commercial Bank, Seprod, Supreme Ventures and Jamaica Money Market Brokers 7.50% preference share.
Main Market| The JSE Market Index gained 346.41 points to 86,646.17, the JSE All Jamaican Composite index rose 387.31 points to close at 95,592.74 and the JSE combined index gained 412.97 points to 88,407.34.
JSE sum23-4-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 11 stocks with bids higher than their last selling prices and just 2 with offers that were lower.
In market activity, Cable & Wireless traded 123,000 shares, in closing at 52 cents, after trading as high as 54 cents. Caribbean Cement had 46,061 units trading, to gain 25 cents in ending at $2.50, Carreras traded only 15,934 shares between $43 and the last traded price of $45.05, in posting a gain of $1.05. Grace Kennedy’s price fell 80 cents, while trading 5,801 shares at $62.20, Jamaica Producers had 173,904 units trading at $16.80 for a gain of 84 cents but had 1,569,027 shares on the bid at $16, at the close. National Commercial Bank put through only 25,149 units between $26.01 and the closing price of $26.70 with an increase of 20 cents. The banking group reported improved results in the quarter of $1.32 versus $1.24 per share in March 2014. Pan Jamaican Investment gained 37 cents in trading 9,054 shares at $55.50 but traded as low as $55.19. Radio Jamaica lost 25 cents in trading just 1,000 shares at $1.75,Sagicor Group posted 65,992 shares to end at $10.57 and gain just 2 cents. Scotia Group swapped JSE qts f 23-4-1548,477 shares to close at $22, after trading at $22.50, Scotia Investments had 10,000 shares changing hands at $23.80, for an increase of 20 cents. Seprod put on $1.93 but with a mere 200 shares to end at $16, Supreme Ventures had the ownership of 51,600 units changing to close with a gain of 11 cents at $2.95. Proven Investments had 77,330 shares trading to close at 17.5 US cents but traded as high as 17.99 US cents, Jamaica Money Market Brokers 7.50% preference share traded 227,950 units at $2.30 and gained 28 cents or 14 percent, which is indicative of what now happening to interest rates, that have been declining from April last year, and Jamaica Money Market Brokers 8.75% preference share traded 174,738 units at $3.20.

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Thursday off to moderate trading

April 23, 2015 by

Trading on the Jamaica Stock Exchange on Thursday morning resulted in 15 securities trading with a total of only 243,488 units trading.
JSE int 23-4-15The junior market that has not been having a robust trading in recent weeks has so far had 4 securities trading with Caribbean Producers trading 117,000 units at $2.70 for a 38 cents. Knutsford Express traded at a new high of $6 by adding 20 cents and Lasco Financial gained 7 cents to $1.15. Scotia Group traded 25,477 shares up to $22.50 where it currently sits.
The all Jamaica composite and the Jamaica Stock Exchange index slipped slightly but the junior market index is up 13.82 points to 746.34.

Filed Under: JSE Main Market, Stock Market

JSE to repeat today’s gains on Thursday

April 22, 2015 by

NCB closed at a new 52 weeks' high on of $26.50 on Wednesday

NCB closed at a new 52 weeks’ high on of $26.50 on Wednesday

The stock market closed on Wednesday with 12 stock recording price gain versus only 1 with a decline, that performance does not look like a flash in the pan based on what the IC Indicator is showing at the end of trading.,
The Investors Choice bid-offer Indicator shows 11 stocks with bids higher than their last selling prices and 2 with offers that were lower, in the main and junior markets. IC Indicator reading is suggesting that the number of trades on Thursday should see another day of many more stocks rising than falling.
Activity on the Jamaica Stock Exchange, resulted in 23 securities changing hands and ending with 4,735,155 units trading, valued at $24,434,254, in all market segments. National Commercial Bank, closed at a new 52 weeks’ high of $26.50 with 301,200 shares changing hands at 50 cents higher than on Tuesday and ahead of the company reporting six months results and dividend payment on Thursday.
JSE 22-4-15 Main Market| The JSE Market Index gained 474.33 points to 86,299.76, the JSE All Jamaican Composite index rose 530.32 points to close at 95,205.43 and the JSE combined index gained 446.19 points to close at 87,994.37.
Cable & Wireless with 256,932 units traded at 52 cents and ended with the bid at 53 cents to buy 100,000 shares. Ciboney Group traded 2,000,000 shares at 6, Desnoes & Geddes gained 10 cents and traded 29,400 at $6 with an offer at $6.50 at the close. Grace Kennedy with 19,224 shares that traded closed at 90 cents higher at $63, Jamaica Broilers had 86,530 shares trading to close at $4.70,
JMMB Group traded 855,593 ordinary shares for 38 cents higher at $7.48. The stock had JMMB Securities on the offer selling 268,800 units at $7.48, 5000 units at $7.50 and 34,655 shares at $8.50 as the lowest offers posted at the end of trading.The broker posted small buy orders from $7.03 to $7.10. Victoria Mutual Wealth Management sold the bulk of the shares to trade with Sagiocr Investments being the major buyer of them.
Radio Jamaica traded 13,372 shares at $2 to gain 25 cents, Sagicor Group traded 66,350 shares JSE qts 22-4-15to close at $10.55 while gaining 10 cents in the process but traded as high as $10.75 before the close. Sagicor Real Estate X Fund had 529,519 units changing hands to close at $6.50, after shedding 25 cents. Salada Foods traded 35,480 at $9, Scotia Group saw 118,289 units, closing at $22, Supreme Ventures 19,900 units traded 4 cents higher at $2.84 and Jamaica Money Market Brokers 8.75% preference share, traded 317,331 units at $3.20 with an increase of 10 cents.

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JSE gives back much of Monday’s gains

April 21, 2015 by

Activity on the Jamaica Stock Exchange, resulted in the main market indices falling back sharply to erase a large portion of Monday’s gains as Scotia Group remained at the $22 level. JSe sum 21-4-15At the close the prices of 7 stocks rising, 7 declining as 26 securities changed hands, ending in 4,715,400 units trading, valued at $63,481,771, in all market segments.
Main Market| The JSE Market Index lost 1,526.09 points to 85,825.43, the JSE All Jamaican Composite index fell 1,706.24 points to close at 94,675.11 and the JSE combined index dropped by 1,524.04 points to close at 87,548.18.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 7 stocks with bids higher than their last selling prices and only 2 with offers that were lower.
Caribbean Cement closed with 486,513 units trading at $2.25, Gleaner Company traded 220,242 shares to end at 85 cents after trading as high as 87 cents,JSE clse Qts - 21-4-15 Kingston Properties had 64,130 shares trading to end at $7, Sagicor Group traded 43,053 shares between $10.50 and $10.60 to end at $10.50. National Commercial Bank traded at a new intraday 52 weeks’ high of $26.70 and ended with 2,171,735, units at $26. Broker GK Capital Management crossed 2 million units at $25.85. Scotia Group traded 94,930 shares to end at $22.02 for a decline of but was up as high as $23.5 and Jamaica Money Market Brokers 8.75% preference share traded 82,669 units at $3.10.

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Moderate gains for Tuesday morning

April 21, 2015 by

JSE intr 21-4-15The Jamaica Stock Exchange all Jamaica composite index rose just 65 points to 96,446.34 and the Jamaica Stock Exchange index is up 58 points to 87,409.64 in a moderate sessions to 10:30 on Tuesday. Some of the stocks to trade are Caribbean Cement with 479,113 units at $2.25, National Commercial Bank with 7,780 shares at $26, Sagicor Group traded 15,500 units at $10.50. Scotia Group that was the stock accounting for the major push in the market yesterday is yet to traded but has a bid for 10,000 at $22.01 with the offer to sell 1,000 shares at $24.05.
In the junior market Lasco Distributors traded 336,621 units at $1.43 and Lasco Financial Services 31,000 shares at $1.10.

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