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Friday, 9th August 2013 | Cable & Wireless was the dominant stock traded on the last day of the holiday-shortened week, when buyers picked up 11.5 million units of the telecom company at 15 cents each for a total sum of $1.73 million thus cutting the supply of the stock at that price, to 12.5 million. The company should be releasing results for the June quarter by next week and this most likely will stimulate interest one way or the other.

The market closed off the week with high volume of 13.2 million shares but only because of Cable & Wireless trades as the total value for trading only amounted to $11.2 million. Stocks of 26 companies traded with 8 stocks advancing and 6 declining.

Main market trades of note | The all Jamaica Index shed 542.03 points to close at 86,348.95 and the JSE market index fell 308.06 to close at 85,906.57.

Caribbean Cement traded 23,956 shares and was up 20 cents to close at $1.59, a 52 weeks high, the bid closed at $1.61 for 258,000 units. Carreras traded 59,363 shares between $51.18 and $50.50, the stock closed off 98 cents at $50.52. Desnoes & Geddes closed 9 cents down at $4.61 as 68,250 units traded. Jamaica Money Market Brokers traded 65,033 units with the last traded price of $8, but was as high as $8.45, the stock lost 20 cents. Pan Jam gained 64 cents to close at $51.75 with only 1,100 units changing hands. Sagicor Investments traded just 13,385 units to close at $16.53 down $1.47 and Seprod traded 100,000 to close firm at $14.75. Jamaica Money Market Brokers 8.5 percent preference shares traded 400 shares at an all-time high of $3.70 up 14 cents on the day.

Junior market | General Accident Insurance traded 42,000 shares firm at $2 but traded as low as $1.85, Lasco Distributors traded 700,232 units to close down 2 cents at $1.46, Lasco Financial traded 136,381 units to close 1 cent higher at $1.52, Lasco Manufacturing closed at $1.56 gaining 4 cents while trading 148,500 units.

Newly listed Eppley have still not traded and has no bids or offers at the close of trading.

Proven Investment Preference shares traded 101,000 units valued at $514,000, at $5.09.

Market intelligence | The pressure eased on Cable & Wireless this week as the amount of stock on offer at 15 cents dropped sharply to 12.47 million after trading 15.8 million shares since Wednesday. The demand for the stock has not changed much. After the offer at 15 cents, the next meaningful level is at 19 cents. The coming week will determine the medium term direction of this stock with results due this coming week.

Demand for Carreras is low with about 120,000 units on the bid. Supply does not appear all that great but could overwhelm demand if sellers want out considering the poor first quarter results that could continue into the second quarter. Caribbean Cement demand has built up significantly while supply has disappeared almost completely helped by the release of quarterly results showing a return to profitability. Desnoes & Geddes is under some selling pressure with 1 million shares on offer at $4.85 and 1 million at $5.18 with a major bid at $4.50 for 1.5 million units. Results for the June quarter which should be up on 2012 is not expected until month end. Gleaner has selling at $1.49 and $1.50 for 13 million units with a bid for 1.15 million at $1.16.

In spite of a 41 percent rise in second quarter profit, Grace Kennedy has not attracted a preponderance of buy orders. Jamaica Money Market Brokers is not in very strong demand ahead of the June results, due in days even as selling seems to be close to $9. Mayberry now has a second bid of 1 million shares at $2 per share after weeks of just one bid in place at $2.60, supply of the stock is low. National Commercial Bank has less than 50,000 units on offer below $23, at $23 is 103,000 units, at $24 is 20,000 units and 43,000 units at $25. Bids around $19 are in excess of all the supply in the market.

Radio Jamaica continues with a large bid or 4.3 million at $1.23, there is virtually no supply at this stage. Sagicor Life has a little more than 200,000 shares on offer between $9.02 and $15, the bids have stayed below $9 but could change soon with the company reporting a strong increase in second quarter results. Scotia Group looks fluid around the $21-23 level and may need the onset of results which are likely to be released by month end to change direction, supply of the stock is not very heavy.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer sentiment indicator shows that bids for 6 stocks were higher and offers of 2 were lower that than their last selling price.

After the bell | Sagicor Life posted strongly improved 2nd quarter results up by 39 percent to $1.56 billion versus $1.12 billion in June 2012 for the six months period. Profits, which was hit by the write off of gains in investment when the government debt exchange took place in the first quarter came in at $2.18 billion compared to $2.6 billion in 2012.

Sagicor Investment profits were flat for June quarter at $331 million while year-to-date results was $338 million versus $800 million in 2012.

Big jump in Consolidated Bakeries profit before tax of $14.25 million for the six months to June vs $9 million in 2012 represents a 58 percent increase with $10.6 million in the latest quarter vs the 2012 results being $1.85 million or a 47 percent increase. Revenue for the six month period increased by 30.69 percent and for the quarter by 40.46 percent over the same periods last year.

Monday, 5th August, 2013 | The JSE market closed today with stocks of 27 companies traded resulting in a volume of 2.8 million shares valued at just $17 million. There were 6 stocks advancing and 7 declining as all the indices with price changes lost value moderately, in what seems to be a holiday mode market. Price changes were low with only Carreras with a 50 cent gain to $51.11 being the most pronounced movement as 44,487 units of that stock traded, valued at $2.28 million.

Main market trades of note | The all Jamaica Index shed 68 points and the JSE market index dropped 38.72 points. Jamaica Money Market Brokers traded just over 100,000 shares to close at $8.20, a gain of 11 cents on the day. Sagicor Life traded over 72,000 shares and lost 15 cents as it closed at $8.85. Scotia Group traded 266,649 units closing at $21.12 with a value of $5.64 million. Seprod traded 87,200 units valued at $1.285 million as the stock closed at $14.75 the same as on Friday. Mayberry Investments chipped in with 287,609 units at $2.60, accounting for $748,000.

Caribbean Cement cemented the gains over the last few weeks as the company reported a profit in the June quarter and investors cheered the results by bidding the stock up to $1.12 at the end of trading but bought all that was available at $1 and 99 cents. The stock closed up 10 cents on a volume of 471,000 units.

Junior market | Trading took place in the shares of 9 companies as the index shed 5 points. Honey Bun which traded 10,100 at $4 reported results to the June quarter which was flat with the nine months for 2012 but the results for the quarter showed a 4 percent sales increase but that was inadequate to prevent a reduction in profits which declined from $7.5 million to $2.34 million in the quarter. The stock has no bid at the end of trading.

KLE Group dropped 20 cents to trade at an all-time low of $1.80 but only 4,000 shares changed hands. Lasco Distributors traded 279,350 units and closed down 2 cents to $1.48, Lasco Financial traded 184,737 shares to end up 5 cents more than the opening price to close at $1.55 while Lasco Manufacturing traded 110,160 units and dropped 8 cents to close at $1.52 after trading as high as $1.60.

Eppley shares that were listed last week still have not traded and have no bids or offers at the close of trading.

Proven Investment Preference shares traded 532,000 units valued at $5.09 valued at $2.7 million while there was a small volume traded in the ordinary shares.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 7 stocks were higher with 2 stocks having offers lower than their last selling price.

Friday, August 2nd, 2013 | The market closed today with only stocks of 18 companies trading with a volume of 4.09 million units carrying a value of $44.28 million. A mere 5 stocks advanced to 4 declining as all of the indices with trades increased on the day.

Main market trades of note | The all Jamaica Index gained 213.65 points to close at 86,83.57 and the JSE market index was up by 121.43 to close at 86,185.41. Seprod was the dominant trade with 1.66 million shares trading at a value of $24.5 million, Sagicor Life traded 652,000 shares valued at $5.67 million between $8.65 and $9, the stock closed at $9. Carreras chipped in with 32,362 units as the price surprisingly inched up with the release of a 40 percent drop in profits, by 11 cents to $50.61 at a total value for $1.64 million. National Commercial Bank traded 32,626 units at $19.11 each and gained 6 cents at the close. Bank Scotia Group traded 136,201 valued at $$2.9 million and lost 9 cents to close at $21.21, while trading as high as $22.

Junior market | Only 6 stocks in the junior market traded on low volumes as the index climbed 9.20 to close at 806.67.

Caribbean Producers traded 102,392 units and dropped just a cents to close at $2.04. Jamaica General Accident Insurance saw 69,068 shares changing hands and closed down by 2 cents to $1.93, Lasco Distributors traded 129,210 shares between $1.40 and $1.50 the closing price, the same as Wednesday. Lasco Financial traded 540,369 shares valued at $854,675 between $1.50 and $1.60 and closed down 10 cents at $1.50, Lasco Manufacturing traded just 80,000 shares and gained 15 cents and closed at $1.60.

Eppley shares that were list this week have not traded and have no bids or offers at the close of trading.

Proven Investment ordinary shares which are quoted in US dollars traded 550, 474 units at a value of US$64,654. The stock lost a fraction of a cent to close at US.117 cents.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 7 stocks were higher with 1 stock having the offer lower than their last selling price.

After the bell | Access Financial Services is reporting a 22 percent increase in profits for the June quarter than for the first quarter. For the six months to June, earnings are up a strong 34 percent to $119.59 million vs $89. 38 million in the same period last year.

Monday, 22nd July 2013 | In today’s activity on the Jamaica Stock Exchange, stocks of 26 companies traded, accounting for 4.7 million units, valued at $39 million. The advance decline ratio remained tilted in favour of declining stocks with 11 declining and 5 advancing as all the major indices with trades declined marginally by less than 35 points.

Two stocks closed at 52 weeks high with one of them at a record new closing high. Attention in the market switched from the juniors to the main market, as the bulk of activity took place in this segment of the market.

Trades of note Main Market | Carreras traded 75,871 units valued at $4 million between $52.81 and the closing price of $52.51, losing 34 cents on the day, the stock has found some support at this level. Gleaner Company traded 1,069,000 shares at $1.16 the same price as Friday. Grace Kennedy traded 83,670 units at $56 valued at $4.7 million. Jamaica Money Market traded 809,500 units between $8.50 and $8 as the stock closed at $8.01, Seprod traded 1.049 million shares and closed at $14.75 losing 25 cents for the day.

Junior market | 9 junior market stocks traded as the price of 4 fell to 1 increase. Activity was low keyed as seen by the levels of trading. Lasco Manufacturing was the volume leader in the segment but it only traded 259,420 units valued at $437,700, Lasco Distributors was the second largest trade with 237,000. KLE Group chipped in with 100,000 units at $2.60. Price changes were moderate in this segment of the market. Lasco Financial closed at a new all-time high at $1.42, up 3 cents with only 10,800 shares trading.

Proven Investment Preference shares traded 659,000 units valued at $3.35 million as there seems to be continued interest in these shares.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 5 stocks were higher with 1 stock having offers lower than their last selling price.

Monday, 16th July 2013 |  The all Jamaica Index climbed 1,673 points to close at 89,848.46 points as Scotia Group traded as high as $23.84 — the major factor pushing the index. However, the stock closed trading at $22, the same closing price as Friday, which suggests there could be a major correction in the upward move on Tuesday.

The JSE composite index closed at 87,894.71, up 950.57. Scotia was not the only stock to affect the indices as trading was low at only 5.9 million shares valued at $22 million. Sagicor Investments put on $1 to close at $18 and only traded 1,500 units. Carib Cement put on 20 cents as 4 million shares traded at $1 each for a total sum of $4 million. Scotia Investments put on 50 cents to close at $26.51 and Seprod put on 49 cents to close at $15 both with very insignificant volumes. Scotia Group was mostly gobbled up by Scotia Investments who traded 533,000 shares for a value of $12.65 million.

The advance decline ratio was slightly in favour of advancers with 9 advancing and 8 advancing.

Junior market | Junior market activity has cooled for the time being as 7 stocks traded with moderate price moves except for a 69 cents drop in Access Financial Services as the stock closed at $8.36 with 10,000 shares trading. Lasco Financial traded and closed at an all-time high of $1.40 cents, the volume traded was 59.700 units. Lasco Manufacturing traded as high as $1.70 but could not hold as the 653,878 shares landed the last selling price at $1.65. The junior market slipped again to 807.43 down 8.61 points.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows a weakening in market momentum with bid for only 1 stock higher than the last selling price and one stock having an offer lower than the last selling price.

Friday, 28th June 2013 | The junior market index was the only one to advance today surpassing the 800 point level for the first time since November 11, 2011 and is now within a stone throw from the all-time high of 811 points. Although the majority of the indices fell today the advance decline ratio was once again positive with 7 stocks moving up in price whilst 3 declined. Trading levels picked up as 8.19 million shares changed hands with a value of $116.17 million.

There was heavy trading in Carreras shares which fell 77 cents to $52 as 1.146 million units valued at $60.7 million traded, Sagicor Life traded 1.456 million units valued at $12.45 million, Scotia Group traded 563,000 units valued at $11.9 million, and Seprod traded 285,000 units at $4.14 million. Cable & Wireless, which has more than 30 million shares on offer at 15 cents, traded 650,000 units 15 cents each. Jamaica Producers gained 45 cents to close at $18.50 with nearly 25,000 shares trading, Sagicor Investments gained 49 cents but hardly any shares traded.

Proven Preference shares traded 1.7 million units at a value of $8.7 million.

Junior market | Nine junior market stocks traded, as Lasco Financial closed at an all-time high of $13 gaining a $1 in the process, having traded 162,300 share between $11 and $13. Lasco Manufacturing traded over 300,000 shares closing at $15.60 while Lasco Distributors closed at $15.90 with only 73,600 units trading. Consolidated Bakeries moved back to $1.60 at the close while trading 847,000 shares. AMG packaging which had put on 20 cents yesterday while trading a very small amount, closed at $4.20 today with 55,613 shares changing hands and lost 50 cents.

The junior market is in the golden cross which indicates that further big increases are ahead.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 1 stock was higher with 2 stocks that had offers lower than their last selling price.

Tuesday, 11th June 2013 | Only 5 stocks traded in the junior market today with AMG Packaging closing up 22 cents at $4.40 while trading 24,937 units. Lasco Distributors closed at $13 off 74 cents for the day as it traded 14.900 units. General Accident traded 149,954 units at $1.92 and Lasco Manufacturing was flat for the day in trading 28,750 units at $14.

In the main market, Grace Kennedy traded 1.17 million units between $58 and $58.75 before closing at $58, down $1. Jamaica Money Market Brokers traded 706,000 units between $8.65 and $8.75 but closed at $8.65. Sagicor Life saw 319,000 shares swapping hands at $9 down 43 cents for Monday. Proven preference shares traded 1.336 million units at $5.09, National Commercial Bank closed up 30 cents at $19.50 at the close as 70,310 shares traded. Pan Jam rose 40 cents to close at $55.50. Seprod gained 39 cents to reach $15 at the close. Carreras traded 95,696 units while closing at $59 after loosing $1, the stock closed with its offer at $58.95. D&G had trading in 93,941 units at the closing price of $4.95 and at the end of trading there were 365,955 units with a bid at the closing price of $4.95.

In the end 4,502,486 shares traded for a value of $94.58 million as 23 stocks changed hands as 9 stocks registered price gains and 8 recorded declines. At the end of the day, bids for 2 stocks were higher and 5 stocks had offers that were lower than their last selling price

All the indices except the US dollar index where there was no trades and the junior market that slipped less than a point recorded moderate increases on the day.

Wednesday, 5th June 2013 | The main indices recorded advances in today’s trading except for a small decline in the junior market index. But advance decline ratio turned negative with 8 stocks advancing and 12 declining. But by the end of trading, bids for 10 stocks were higher and 1 stock had an offer that was lower than the last selling price. There was heavier trading than has happened for sometime with $127 billion being expended on 11.87 million shares.

The all Jamaica composite index closed up 174 points at 89,985.22 and the main market index closed at 88,466.47 up 98.67 points.

Main movers | Desnoes & Geddes which traded at $5.10 closed down 20 cents at $4.70 while trading 694,173 units, Carreras fell 70 cents in trading 23,568 units. Jamaica Broilers traded up 21 cents to close at $4.83 with 460,913 units having changed hands. Kingston Wharves traded 329,566 units and put on 19 cents in closing at $7.81 after trading as high as $8. Lasco Manufacturing saw profit taking, with 990,188 units trading closing at $13.85 down 15 cents on the day. National Commercial Bank traded 1 million shares and slipped back 10 cents at the close at $21.10, the stock traded down to $19.17 at one stage.

Pan Jamaican Investments traded 20,500 units and gained 51 cents and closed at $54.51. RJR had just two trades which accounted for 2.989 million units and inched up 5 cents to close at $1.35. Sagicor Life put on 48 cents in closing at $8.99 but only traded 65,152 units between $8.50 and the closing price. Scotia Group had 17 trades that accounted for 712,000 units between $21.20 and $23.50 with the stock closing at $21.51up 42 cents on the day. Scotia Investment had 5 trades that accounted for 1.29 million units with the stock closing at $25.50 down $4 but it had a bid of $27 at the end of trading. Seprod traded 527,000 units at $14.61 and gained 11 cents and Supreme Ventures saw 771,000 units being exchanged for 10 cents less at $2.90 by the end of the day.

Based on trades for a few stocks it appears that some special deals were done resulting in adjustments in the prices of some, which does not conform to recent market movements.