CW&J gained the most in November on JSE, up 57%.
Gains| 17 Stocks gained in the main and US dollar markets, at the end of November. Cable & Wireless 57 percent to 44 cents as the price responded to news of the parent company acquiring Columbus Communication, operator of the Flow brand. The company also reported much improved cellular customer acquisition for the six months to September and a 15 percent jump in revenues compared with 11 percent in the first quarter. At the same time, profit before finance cost moved from a loss of $179 million in the six months to September to a profit of $645 million. Higher finance cost than the year before resulted in a similar loss as in 2103.
Increased buying of Kingston Wharves, resulted in a pick up in price by 18 percent, Proven Investments preference share rose 10 percent, Seprod 9 percent, improved six months results and increased dividend payment helped to create greater buying of the Carreras stock, in the process pushing the price up by 7 percent, to end at $37. Supreme Ventures enjoyed a 6 percent gain, the company reported strong growth in profit for the nine months to September. National Commercial Bank increased results and dividend, resulted in a 6 percent increase in the price to $18, but the stock traded up to $19.25 on increased buying interest, after the results were announced. Grace Kennedy gained 5 percent, Pan Jamaican 5 percent and Scotia Investments 5 percent, price arbitrage between Jamaica and the Trinidad Stock Exchange may have resulted in the price Scotia Investments inching up in Jamaica, as the price closed at $22.50 locally but at TT$1.45 that puts it at near J$25.70 on the T&T market.
The big losers in the main market for November are Palace that dropped from $90 down to $66 down 27 percent with only 200 shares pulling the price down. The Jamaica Stock Exchange share fell 16 percent to $1.55, Ciboney fell 13 percent, Margaritaville 9 percent and Desnoes & Geddes 8 percent to $4.57 but it closed the month with the bid at $4.76.