Trading has been slow to start the week with only 3 securities trading after the firs half an hour in trading on Monday. Grace shed $1 to $61 to be the only major change so far.
Only 3 securities traded at 10AM
March 9, 2015 by
Market falls as PanJam trades 24m shares
March 6, 2015 by
Pan Jam traded 24.4m shares on Friday
Main Market| The JSE Market Index dropped 1,695.24 points to 82,388.05, the JSE All Jamaican composite index dived 1,895.35 points to close at 90,831.96 and the JSE combined index sank by 1,641.84 points to close at 84,076.55.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows stocks with bids higher than their last selling prices and stocks with offers that were lower.
Mayberry closed at a new 52 weeks’ high on Friday
Firm| The stocks in the main market to close without a change in the last traded prices are, Berger Paints while exchanged 7,899 shares close at $1.55, there was dealing in 247,770 Cable & Wireless shares at 55 cents, Grace Kennedy had 3,288 shares changing hands $62 and Jamaica Producers closed with 25,000 shares to close at $17.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Caribbean Cement with 8,436 units to close lower by 1 cent at $2.31, Carreras finishing with 5,487 units as the price slipped 99 cents to $43.51, Desnoes & Geddes closed with 129,689 shares trading lower for 5 cents to $5.15. Jamaica Broilers concluding trading with 122,853 shares traded with a loss of 2 cents to $4.05, National Commercial Bank in trading 31,153 shares closed with a loss of $2 to $23.50, the stock closed on the Trinidad and Tobago Stock Exchange with a bid of $1.35 to buy 171,500 shares with no stock on offer.
In Jamaica there are only 4 offers totalling 109,000 units between $25.50 and $33 with only one offer of significance at 103,873 at $30. Pan Jamaican Investment finished trading with 24,401,900 units to fall 80 cents to $53.20, there was dealing in 94,545 units in Scotia Group with a decline of $1.39 to end at $21 after the banking group issued first quarter results that were down from the previous year’s results. Seprod contributed 48,719 and lost $1.10 to $11.90 and Supreme Ventures concluded trading with 1,065,614 shares traded with a loss of 4 cents to $2.27.Preference| Jamaica Money Market Brokers 8.75% preference share traded 260,600 shares to end at $3.04, Jamaica Money Market Brokers 7.50% preference share traded 24,000 units to close at $2.
JSE closes week on the down
March 6, 2015 by
The all Jamaica composite index shed 1,895.35 to end the week at 90,831.96 and the JSE index lost 1,695.24 to end at 82,388.05 after National Commercial Bank closed at $23.50 down $2 and Scotia Group slipped by $1.39 to $21 contributed most to the decline. Scotia that release results after trading on Thursday reported lower profits in the quarter to January with profit of $1.45 billion versus $2.1 billion in 2014.
JSE slips in early trading
March 6, 2015 by
The all Jamaica composite index declined in early morning trading by 878 points to 91,849.59 points. The stocks contributing to the downward move are mainly National Commercial Bank and Pan Jamaican which had 24.4 million units changing hands at $53.20.
JSE make big daily gains again
March 5, 2015 by
National Commercial Bank gained $2.50 and Scotia Group $2.39 to help the Jamaica stock market to close at a two and a half year high on Thursday, resulting from the prices of 13 stocks rising and only 4 declining as 23 securities changed hands, ending in 6,535,906 units trading, valued at $19,861,234 in all market segments.
Main Market| The JSE Market Index gained 1,092.69 points to 84,083.29, the JSE All Jamaican Composite index rose 1,221.67 points to close at 92,727.31 and the JSE combined index gained 1,146.47 points to close at 85,718.39. IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 5 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
Scotia Group closed higher at the close & helped to push market up on Monday
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless finishing trading with 102,545 shares at 55 cents, Gleaner concluded trading with 1,500 shares at $1.10, Grace Kennedy in trading 10,510 shares, closed at $62 and Kingston Wharves finishing with 1,000 shares trading at $6.40.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Desnoes & Geddes closing with 270,000 units as the price slipped 15 cents to $5.20 and Sagicor Real Estate Fund with 25,000 shares closed with a loss of 10 cents to $6.70.
JSE at 33 months high
March 5, 2015 by
The all Jamaica composite index closed above 92,000 points for the first time since as it gained 1,221.67 at the end of trading to end at 92,727.31 points the highest since June 7, 2012.
The stocks contributing to the upward move are mainly Carreras, National Commercial Bank, Pan Jamaican and Scotia Group. Investors should be watching the results for Scotia Group that is expected to be released today for clues as to what may happen to the market on Friday. Attractive gains in profit will encourage investors to buy the stock and that could move the price forward. NCB closed with only two offers of 103,000 units in total with the offer price moved to $30.
JSE at 20 months high heading higher
March 4, 2015 by
Activity on the Jamaica Stock Exchange, took the market to a new 20 month high resulting from the prices of 7 stocks rising and 8 declining as 20 securities changed hands, ending in 10,902,372 units trading, valued at $48,753,888, in all market segments. Gleaner Company accounted for the bulk of the shares trading with 8 million units while Sagicor Group and Scotia Group each accounted for more than 1 million units.
The chart shows the all Jamaica composite index just crossing over short term resistance. Resistance from July 2007 at 91,700 points is the more important resistance level for it to break through to move to the next critical point of 100,000.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 9 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Gleaner in having 8,267,155 shares changing hands, closed higher by 19 cents at $1.10, Grace Kennedy closed trading with 15,600 shares trading to gain 50 cents to end at $62, Hardware & Lumber ended trading with 5,000 shares changing hands for 83 cents greater at $7.40, Mayberry Investments saw trading in 17,130 units to close with a gain of 16 cents to a 52 weeks’ high of $2.36 and Sagicor Real Estate Fund ended with 6,300 shares the price rose by 10 cents to $6.80.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless dealing in only 17,500 shares at 55 cents, Jamaica Broilers contributing 3,000 shares at $4.06. National Commercial Bank concluding trading with 37,691 shares at $23, Radio Jamaica exchanging 5,000 shares at $1.37 and Scotia Group with 1,114,723 shares changing hands to close at $21.Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras closed with 6,800 units as the price slipped 18 cents to $44, Desnoes & Geddes finished with 155,000 shares trading lower for 15 cents to $5.35. Jamaica Money Market Brokers with 149,000 ordinary shares closed with a loss of 2 cents at $6.90, Sagicor Group in trading 1,025,226 and lost 9 cents to $10.21 and Supreme Ventures finished trading with 28,487 shares with a loss of 20 cents to $2.20.
JSE looks like piering resistance
March 4, 2015 by
The all Jamaica composite index ended the day just about 200 points from the next resistance level with the index closing up by 1,219.01 points to 91,505.64 after trading in 10.876 million units with a value of $48.7 million.
The JSE index ended at 82,990.60 with a gain of 1,090.31 points. Scotia Group was the main contributor to the gain having traded mostly at $22 and as high as $22.50 before closing at $21 at the end of trading.
JSE trading data at 10:30 Wednesday
March 4, 2015 by
Scotia Group was quick out of the box, jumping to $22 and helping to move the All Jamaica Composite index up by 779.23, to more than 91,000 points.
JSE quiet bullishness continues
March 4, 2015 by
Interest in the Jamaica stock market, improved on Tuesday resulting in 24 stocks securities changing hands and the main market indices gaining more than 1,000 points. There were 11 stocks advancing, 8 declining, ending in 8,794,289 units trading, valued at $42,590,814, in all market segments. A almost doubling of profits of Supreme Ventures and a the decision by the company to pay out over $800 million in dividends, helped to push the market.
strong> Main Market| The JSE Market Index gained 1,092.76 points to 81,900.29, the JSE All Jamaican Composite index rose 1,221.75 points to close at 90,286.63, the highest it has been since early July 2013 and the JSE combined index gained 1,016.39 points to close at 83,557.44.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 8 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless concluding trading with 111,000 shares changing hands to close higher by 7 cents at 55 cents, Carreras exchanging 25,000 shares while trading of 8 cents higher to $44.18. For Desnoes & Geddes there was dealing in 98,827 shares at 10 cents higher to $5.50, Jamaica Money Market Brokers contributing 17,448 shares in trading for 2 cents more at $6.92. Jamaica Producers closed trading with 1,013,600 shares changing hands while gaining $1.30 to $17, National Commercial Bank closed with 58,458 shares changing hands and rising 91 cents to a new 52 weeks’ high of $23, Proven Investments finished trading with 421 units and put on 0.49 cents to 18 US cent. Radio Jamaica saw trading in 7,422 shares, to end with an increase of 2 cents to $1.37, Scotia Investments ended with 5,000 units with a gain of $2.45 at $27.50 and Supreme Ventures closed with 3,295,614 shares to close 40 cents up at $2.40, after the company release large gain in profits for 2014 and announced increased dividend payments.
Firm| The stock in the main market to close without a change in the last traded prices is, Grace Kennedy that contributed 16,959 shares at $61.50.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Gleaner closing with 20,000 units as the price slipped 4 cents to 91 cents. Jamaica Broilers finishing with 8,008 shares trading lower by 4 cents, to $4.06, Sagicor Group in trading 532,911 shares lost 15 cents to $10.30 and Scotia Group finishing trading with 48,092 shares with a loss of 50 cents to $21.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 17,000 shares trading at $3.04, Jamaica Money Market Brokers 7.50% preference share traded 2,635,000 shares at $2, Proven Investments 8% preference share traded with 260,593 shares changing hands at $5.