Sharp swings in flat week on JSE

December 12, 2014 by

JSE main market moving away from resistance level.

JSE main market moving away from resistance level.

The Jamaica Stock Exchange, closed the week the way it stated, with rising prices, but fluctuation in prices, saw sharp swings in the main indices during the week, leaving the market just a few points below the levels it closed the week before. Activity in the market on Friday, resulted in the prices of 10 stocks rising and only 2 declining as just 15 securities changed hands, ending in 1,435,606 units trading, valued at $30,163,670, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower.
Main Market| The JSE Market Index gained 275.43 points to 75,312.14, the JSE All Jamaican Composite index rose 307.97 points to close at 82,920.75 and the JSE combined index gained 266.89 points to close at 77,063.23.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless saw trading in 100,000 units and put on 4 cents 50 cents, Desnoes & Geddes finished trading with 164,808 shares rising 5 cents to $4.70, Grace Kennedy closed with 188,553 shares as the price ended 49 cents higher at $61. Jamaica Producers finished trading with 328,071 shares as the price jumped 50 cents to $17.50. National Commercial Bank contributed 82,248 units and put on 10 cents to $18.50, Sagicor Group completed trading with 84,550 shares with the price rising 4 cents to $10, Scotia Group ended trading with 28,990 shares changing hands to close 1 cent at $20.01 and Seprod ended trading with 48,727 shares to end with an increase of 24 cents to $12.25.
JSE 12-12-14 Firm| The stock in the main market to close without a change in the last traded price is, Kingston Wharves which ended trading with 34,333 shares changing hands to close at $6.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras closing with 213,281 units trading as the price slipped 5 cents to $36.15 and Mayberry Investments finished with 4,540 shares trading lower by 4 cents $1.45.
Preference| There was no activity in preference shares.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , ,

Kingston Properties’ bid $5.85 was $6.80 earlier

December 11, 2014 by

KingstonProperitesREIT280X150The market fell sharply on Thursday but the movement does not tell the true story of some of the positive developments taking place. At the close of trading, Kingston Properties was in strong demand with bids in to buy as high as $5.85, as well as a bid to buy 1 million units at $5.20.
Earlier in the week, the stock had a bid of $6.80 to purchase 200,000 and another of 1,000,000 shares at $6. IC Insider understands that there is interest to buy as high at $7. The net asset value of the stock is just over $12, well ahead of the last price of $4, the stock traded. There have been no stocks on offer for some time. The company reported earnings per share of 7 cents for the nine months to September but comprehensive income which includes foreign exchange gains on translation of the overseas subsidiary, brings the earnings to 70 cents. The company announced in June this year a program to buy back some shares.
Thursday’s activity on the Jamaica Stock Exchange fell below normal, with only 15 securities changing hands. Price movements were mostly negative with the prices of only 2 stocks rising and 8 declining. The total of all active stocks ended in 1,548,128 units trading, valued at $14,446,018, in all market segments.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator is showing a slight bias to the upside with 4 stocks having bids higher than their last selling prices and 2 stocks with offers that were lower.
Main Market| The JSE Market Index dropped 987.64 points to 75,036.71, the JSE All Jamaican Composite index fell 1,104.33 points to close at 82,612.78 and the JSE combined index gained declined by 983.77points to close at 76,796.34.
JSE sum 11-12-14 Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Carreras finishing with 9,761 shares changing hands at 4 cents higher to $36.20 and Proven Investments closed at 19 US cents by gaining 0.05 cents while trading 300,000 units.
Firm| The stocks in the main market to close without a change in the last traded prices are, Mayberry Investments ended with 15,940 shares trading at $1.49 and Sagicor Group completed trading with 57,353 shares changing hands to close at $9.96.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Caribbean Cement closed with 3,711 units trading as the price slipped 1 cent to $2.40, Desnoes & Geddes finished trading 102,207 shares trading 1 cent lower to $4.65, Jamaica Broilers ended with 169,738 shares while losing 1 cent to $4.05, National Commercial Bank concluded trading with 11,070 units and closed 10 cents lower at $18.40 and Scotia Group closed with 106,732 units as the price slipped 50 cents to $20.
Preference| Jamaica Money Market Brokers 8.75% preference share finished with 143,500 units changing hands to close unchanged at $3.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , ,

Bulls want to take over JSE

December 10, 2014 by

BullMarket600x250Wednesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 14 stocks rising and only 5 declining as 26 securities changed hands, ending in 7,178,648 units trading, valued at $38,478,576, in all market segments. Wednesday is the second day within less than a week, that the prices of more than 13 stocks rose, with only a few falling.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 3 stocks with bids higher than their last selling prices and 1 stock with a lower offer.
Main Market| The JSE Market Index gained 980.87 points to 76,024.35, the JSE All Jamaican Composite index rose 1,096.76 points to close at 83,717.11 and the JSE combined index gained 980.32 points to 77,780.11. The market indices rose higher during trading, than the levels they closed at, but settled back lower at the close.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless completed trading with 1,302,045 shares with the price rising 1 cent to 46 cents. Supply of the stock has fallen sharply since trading on Tuesday, now with only 12 offers to sell 6.5 million units, between 50 cents and $1 each. Caribbean Cement closed trading with 11,000 units and put on 1 cent to $2.41, Desnoes & Geddes concluded trading with 70,750 shares changing hands, with a gain of 1 cent to $4.66. Grace Kennedy ended with 20,239 units to close with a gain of 51 cents to $60.51, Jamaica Broilers finished trading with 228,433 shares, with the price rising by 1 cent to $4.06. Jamaica Producers contributed 155,000 units and put on $1.04 to $17, National Commercial Bank ended trading with 176,050 shares to end with an increase of 30 cents to $18.50, Scotia Group closed with trading in 977,666 shares, the price ended at 40 cents higher at $20.50 and Scotia Investments finished trading with 4,500 shares with a gain of 41 cents to $21.51.
Firm| The stocks in the main market to close without a change in the last traded prices are, Ciboney ending with 2,000 shares trading at 7 cents. Jamaica Money Market Brokers closed with 11,000 ordinary shares trading at $7, Kingston Wharves ended with 200 shares at $6 and Sagicor Group ended trading with 65,547 shares changing hands to close at $9.96.
JSE sum 10-12-14 Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Berger Paints closing with 30,350 units as the price slipped 9 cents to $1.51, a new 52 weeks’ low. Carreras finished with 68,034 shares trading lower by 84 cents to $36.16, Mayberry Investments ended with 1,224 shares with a loss of 3 cents to $1.49, Sagicor Real Estate Fund ended trading with 137,095 units and closed at 25 cents to $7 and Supreme Ventures closed with 2,000 units as the price slipped 5 cents to $1.90.
Preference| Jamaica Money Market Brokers 8.50% preference share traded 27,800 units to close at $3.50.

Filed Under: Breaking News, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , ,

Bulls seen at JSE this morning

December 10, 2014 by

bullThe Jamaica stock market is showing some bullish indications this morning, with the main indices all gaining over 1,100 points. The junior market index is also up from yesterday’s close. Main Market|
The JSE Market Index gained 1,179.75 points to 76,223.23, the JSE All Jamaican Composite index jumped 1,319.12 points to 83,939.47, the JSE combined index gained 1,208.88 points to close at 78,008.67 and the junior market index was at 678.07 up 10.65 points, at 11.05 o’clock this morning.
The main movers this morning so far are, Jamaica Producers up $1.04 to $17, National Commercial Bank up 30 cents at $18.50 and Scotia Group with a gain of 40 cents to $20.50 with 935,372 shares traded.General Accident Insurance gained 16 cents to $1.75 in the junior market.

Filed Under: Breaking News, JSE Main Market, Stock Market Tagged With: , , , , ,

12 stocks fall only 6 rise on JSE

December 9, 2014 by

Pan Jam reached a new 52 weeks' high on Tuesday, closing at $56.10.

Pan Jam reached a new high on Tuesday, closing at $56.10.

In Tuesday’s activity on the Jamaica Stock Exchange, the prices of 6 stocks rose and 12 declined as 26 securities changed hands, ending in 7,178,648 units trading, valued at only $10,813,280, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.
Main Market| The JSE Market Index dipped 480.86 points to 75,043.48, the JSE All Jamaican Composite index fell 537.67 points to close at 82,620.35 and the JSE combined index gained declined by 477.17 points to close at 76,799.79.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Hardware & Lumber closing with 31,000 shares and rising 97 cents to $7.47. Jamaica Broilers concluded trading with 122,964 shares changing hands, with a gain of 5 cents to $4.05, Pan Jamaican closed at a new 52 weeks’ high of $56.10 while 519 shares changed hands, $1.10 higher. Sagicor Group concluded trading with 34,742 units and put on 1 cent to $9.96 and Salada Foods ended with 20,000 units, to close with a gain of 30 cents to $7.80.
JSE su9-12-14 Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless ending trading with 21,759 shares at 45 cents, Jamaica Money Market Brokers ended with 7,885 ordinary shares changing hands to close at $7, Jamaica Producers closed with 1,321 shares changing hands at $15.96. Mayberry Investments saw trading in 98,300 shares for $1.52, National Commercial Bank ended with only 580 shares changing hands to close at $18.20 and Proven Investments completed trading with 70,000 shares changing hands at 18.5 US cents.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Caribbean Cement ended with 42,116 units as the price slipped 4 cents to $2.40, Desnoes & Geddes closed with 2,560 shares trading lower by 5 cents to $4.65, Grace Kennedy finished with 1,225 shares with a loss of $2 to $60, Radio Jamaica ended with 558,009 units and closed 3 cents down to $1.15, Scotia Group ended trading with 72,402 units as the price slipped 30 cents to $20.10 and Scotia Investments completed trading with 184,817 shares trading lower by $1.40 to $21.10.
Preference| There was no trading of preference shares.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , ,

Main market closed higher on Monday

December 8, 2014 by

Monday’s activity on the Jamaica Stock Exchange, resulted in the prices of 6 stocks rising and 6 declining as 21 securities changed hands, ending in 1,220,997 units trading, valued at $7,880,967, in all market segments.
JSE sum 8-12-14 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
Main Market| The JSE Market Index gained 157.42 points to 75,524.34, the JSE All Jamaican Composite index rose 176.02 points to close at 83,158.02 and the JSE combined index gained 124.88 points to close at 77,276.96.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless concluding trading with 469,204 shares, the price rose 1 cent to 45 cents. Desnoes & Geddes ended trading with 15,531 units and put on 1 cent to $4.70, Mayberry Investments finished with 7,140 shares while rising 2 cents to $1.52 and Sagicor Group ended with 1,494 units and put on 1 cent to $9.95.
Firm| The stocks in the main market to close without a change in the last traded prices are, Carreras with 18,918 shares changing hands to close at $37, Grace Kennedy finished with 25,000 shares trading at $62. Kingston Wharves ended trading with 3,000 shares at $6, National Commercial Bank saw trading in 190,112 shares at $18.20, Sagicor Real Estate Fund concluded trading with 49,750 shares changing hands to close at $7.25.
Declines| The last traded prices of stocks with losses, at the end of trading in the main market are, Jamaica Broilers closed with 140,520 shares trading lower by 5 cents, at $4, Jamaica Money Market Brokers finished with 7,528 shares, with a loss of 6 cents to close at $7. Scotia Group ended trading with 9,000 units as the price slipped 10 cents to $20.40 and Scotia Investments completed trading with 3,036 shares trading lower by 5 cents to $22.50.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 103,000 units to close at $3.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , ,

This market is going much higher

December 5, 2014 by

Graph showing market breaking resistance at 82,000, yellow line on the way to 91,000 points brown line.

The main market had 11 stocks gaining at the last traded prices and only 1 declining, at the end of trading, pushing the market indices to their highest point since early May this year.
Technically, the market has broken through resistance at 82,000 points on the all Jamaica Index on the November 19, retreated a bit but seems to be moving away from that point now. The next target is 91,000 points, the level reached in December 2012, which could well be reached by year end. The latest break of the 82,000 is the first of three attempts that the market has made to break through the descending trendline going back to late 2011 that has been successful. Supporting the move upwards, is the crossover of the short-term moving average line over the medium term moving average, the shortage of supply of most stocks and the lowering on Treasury bill rates, starting earlier this year and continuing up to the latest auction in November.
In trading on Friday, Grace Kennedy was the leading stock trading on Friday with 2 million units with a value of $120.7 million this was followed by Scotia Group with 258,000 shares valued at $5.2 million and Carreras with 123,000 units with a value of $4.5 million.

Grace off

Gains| The stocks ending with gains on Friday are, Caribbean Cement ending with 1,164 units trading with a gain of 4 cents at $2.44. Carreras completed trading with 123,082 shares, the price rose 1 cent to $37, Desnoes & Geddes saw trading in 29,970 units and put on 9 cents to $4.69, Jamaica Broilers concluded trading with 11,700 shares changing hands with a gain of 5 cents to $4.05. Jamaica Stock Exchange concluded trading with 7,000 units, to close with a gain of 7 cents to $1.57, National Commercial Bank closed with 13,210 units and put on 4 cents to $18.20, Sagicor Group finished with 67,188 shares to end with an increase of 3 cents at $9.93. Sagicor Real Estate Fund ended with 750 shares as the price gained 44 cents to $7.25, a new 52 weeks high, Scotia Group finished trading with 257,719 shares, the price jumped 49 cents to $20.50, Seprod contributed 819 shares as the price climbed 1 cent to $12.01 and Supreme Ventures ended trading with 40,000 shares traded with a gain of 5 cents to $1.95.
Firm| The stocks in the main market to close without a change in the last traded prices are, Grace Kennedy ended with 2,009,457 shares changing hands to close at $62 and Hardware & Lumber with only 500 shares trading, closed at $6.50.
Declines| Cable & Wireless was the only main market stock to fall with a 1 cents loss to 44 cents with1,363 units.
Preference| Jamaica Money Market Brokers 7.50% preference share traded 4,000 shares trading at $2.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , ,

13 stocks gained Friday on JSE

December 5, 2014 by

Gleaner's stock is poised to drop with the offer priced below the last selling price.

Gleaner’s stock is poised to drop with the offer priced below the last selling price.

The first week of December ended on a positive note on the Jamaica Stock Exchange, resulted in the prices of 13 stocks rising and only 4 declining as 23 securities changed hands, ending in 4,223,152 units trading, valued at $133,823,856, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 4 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower. Included in the list of stocks closing with lower bids than the last selling price is the Gleaner Company with an offer to sell 47,850 shares at 95 cents, compared with the last traded price of 99 cents.JSE sum 5-12-14 There were no bids to buy at the end of trading as the stock seems set to trade at a new 52 weeks’ low when it next trades.
Main Market| The JSE Market Index gained 597.83 points to 75,366.92, the JSE All Jamaican Composite index rose 668.46 points to close at 82,982.00 and the JSE combined index gained 576.45 points to close at 77,152.08.

Filed Under: JSE Main Market, Stock Market Tagged With: , ,

JSE main market marching slowly up

December 4, 2014 by

Grace stock gained $1 to end at $62.

Grace stock gained $1 to end at $62.

Activity on the Jamaica Stock Exchange, was moderate on Thursday and resulted in the prices of 5 stocks rising and 4 declining as 18 securities changed hands, ending in 585,056 units trading, valued at $6,337,184, in all market segments. The main market seems poised to record gains in the coming period as increased demand has come in for some of the main market stocks.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 9 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower as demand increases to buy stocks ahead of the year end close.
Main Market| The JSE Market Index gained 419.22 points to 74,769.09, the JSE All Jamaican Composite index rose 468.75 points to close at 82,313.54 and the JSE combined index gained 394.17 points to close at 76,575.63.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Grace Kennedy completed trading with 10,952 shares changing hands, with a gain of $1 to $62, National Commercial Bank saw trading in 17,306 units with a gain of 16 cents to $18.16. Sagicor Group finished trading with 337,678 shares with the price rising 2 cents to $9.90, Scotia Group ended trading with 24,212 units, the price put on 46 cents to $20.01 and Scotia Investments concluded trading with 25,000 shares changing hands with a gain of 5 cents to $22.55.
JSE sum 4-12-14 Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless ended with 34,400 units and closed at 45 cents, Jamaica Broilers exchanged 41,577 shares at $4 each, Kingston Wharves concluded trading with 9,700 shares changing hands to close at $6. Proven Investments had 525 shares changing hands to close at 18.5 US cents, Radio Jamaica contributed 4,758 shares to close at $1.18 and Supreme Ventures ended trading with 8,300 shares at $1.90.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras ending with 11,848 units, as the price slipped 1 cent to $36.99, Gleaner closing at a new 52 weeks’ low while trading 20,000 shares at 99 cents, by slipping by 1 cent and Jamaica Money Market Brokers finished with 14,600 shares with a loss of 4 cents to $7.06.
Preference| Proven Investments 8% preference share traded 150 units at $5.50.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , ,

Market slips but 5 stocks rose 4 fell

December 3, 2014 by

Supreme Ventures stock rose nearly 6% to $1.90 on Wednesday

Supreme Ventures stock rose nearly 6% to $1.90 on Wednesday

Wednesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 5 stocks rising and 4 declining as 21 securities changed hands, ending in 3,129,094 units trading, valued at $14,571,498, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator showed 5 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
Main Market| The JSE Market Index lost 108.71 points to 74,349.87, the JSE All Jamaican Composite index fell 121.55 points to close at 81,844.79 and the JSE combined index gained declined by 180.61 points to close at 76,181.46
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless that saw only 112,228 shares changing hands with a gain of 2 cents to 45 cents, Carreras in trading with 3,855 units with a gain of 11 cents to $37. Jamaica Producers concluded trading with 2,000 shares, the price rose 1 cent to $15.96, Scotia Group ended trading with 66,782 units and put on 5 cents to $19.55 and Supreme Ventures had 8,100 shares trading to end with an increase of 10 cents to $1.90.
JSE sum 3-11-14 Firm| The stocks in the main market to close without a change in the last traded prices are, Caribbean Cement with 4,592 shares for $2.40, Grace Kennedy concluded trading with 5,098 shares, changing hands to close at $61. Jamaica Broilers exchanged 10,970 shares at $4 each, Jamaica Money Market Brokers ended trading with 200 ordinary shares changing hands to close at $7.10. Jamaica Stock Exchange completed trading with 30,000 shares at $1.50, Kingston Wharves saw trading in 15,700 shares at $6, National Commercial Bank finished trading with 222,853 shares changing hands at $18 and Seprod concluded trading with 2,000 shares at $12.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Sagicor Group finished with 114,849 shares with a loss of 2 cents to $9.88 and Sagicor Real Estate Fund finished trading with 4,270 units and fell 4 cents to $6.81.
Preference| Jamaica Money Market Brokers 8.50% preference share contributed 3,000 units at $3.50 and the Jamaica Money Market Brokers 8.75% preference share ended trading with 2,357,859 shares changing hands at $3.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , ,