138 Student Living

Drop in finance stocks sink JSE – Tuesday

September 12, 2017 by IC Insider.com

NCBFG helped pull down JSE on Tuesday.

The JSE pulled back sharply to close 4,592.97 points on the All Jamaica Composite Index below resistance at 290,000 points to end at 287,374.30 as Scotia pulled back further to end at $53 and NCB Financial, joined in the fall with the price dropping from $90 on Monday to $87.55.

Adding to the decline are Caribbean Cement down $2 and Sagicor Real Estate Fund down by $1.05. Stocks rising enjoyed a maximum gain of 50 cents, with most below 10 cents.
At the close of the market the volume of stocks changing hands and their last traded price are: Barita Investments closing at $9 with 13,000 shares, Berger Paints exchanging 68,404 stock units at $11.50, Caribbean Cement ending with a loss of $2, to $28 with 8,820 units. Carreras closed at $108 with 15,885 shares, Ciboney Group gained 2 cents, in closing at 20 cents with 200,000 units, Grace Kennedy rose 50 cents to $42 with 578,893 shares. Jamaica Broilers closed at $17.50, gaining 30 cents with 416,012 stock units, Jamaica Producers traded 15 cents lower to $14.75 with 13,083 units, JMMB Group closed at $21, losing 50 cents in exchanging 532,303 shares. Kingston Properties closed at $7 trading 3,000 units, Kingston Wharves ended with a loss of 30 cents, closed at $30.50 with 24,747 shares while NCB Financial dropped $2.45 to $87.55 with 171,811 shares. Portland JSX rose 5 cents to $9.30 with 2,115 units, Sagicor Group added 5 cents to close at $33.05 with 4,525 units, Sagicor Real Estate Fund closed $1.05 lower to $11 with 4,420 units, Scotia Group dropped to $53, having lost $2 trading 251,107 shares, Supreme Ventures with gains of 10 cents, closed at $10.90 with 960 units. Proven Investments US ordinary share fell 0.99 US cents in exchanging 70,247 units at 23 US cents, Jamaica Money Market Brokers 7.5% preference share closed at $2 with 100 units and 138 Student Living variable preference share traded 100 units at $5.68.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, NCB Financial Group, Portland JSX, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Supreme Ventures, Trading Activity

Scotia stars again

September 6, 2017 by IC Insider.com

Jacqueline Sharp

Scotia Group remains the star performer on the Jamaica Stock Exchange and is almost the sole stock resulting in the main market hitting new record highs in the past two weeks.
Although the stock traded at $57.99 with a gain of nearly $3 and the advance decline ratio was strongly positive, the market indices slipped at the close on Wednesday.
In wider market activity, the volume of stocks changing hands and their last traded price are: Barita Investments with a loss of 50 cents in closing at $9 with just 350 shares, Berger Paints closing 34 cents higher to $12.50 with 56,008 shares. Cable and Wireless gained 1 cent, to end at $1.06 with 14,000 shares, Caribbean Cement with a gains of $3.55, closed at $30.05 with 51,576 stock units,Carreras closing at $108 with 65,566 shares, Grace Kennedy added 90 cents and closed at $42.90 with 273,004 shares. Jamaica Broilers rose 79 cents, to $18.50 with 2,900 shares, Jamaica Producers ended with a loss of 10 cents, at $15.70 with 630 shares, Jamaica Stock Exchange closed at $6.35 with 4,292 shares and JMMB Group traded 90 cents higher to $21.90 with 92,900 shares. Kingston Wharves gained 47 cents to close at $30 with 12,645 shares, Mayberry Investments closed at $4.85 with 101,445 shares, NCB Financial Group closed $2.50 higher to $91 with 51,608 shares, 138 Student Living closed at $4.75 with 1,216 shares, 1834 Investments gained 6 cents to close at $1.40 with 1,898 shares. PanJam Investment added 44 cents to close at $33.47 with 10,550 stock units, Radio Jamaica rose 7 cents to $1.29, with 5,719 shares, Sagicor Group closed at $32.86 trading 927,951 units, Salada Foods closed at $8.60 with 100,500 shares, Scotia Group traded $2.99 higher to close at a new high of $57.99 with 153,874 shares, Scotia Investments exchanged 2,025 shares at $35.50, Seprod closed at $30.50 with 2,850 shares, Sterling Investments with a loss of 50 cents, closed at $12.30 with 998,453 shares, Supreme Ventures closed at $12, losing 65 cents with 5,514 shares changing hands. erotic job escorts near me. Margaritaville Turks US ordinary shares closed at 30 US cents with 3,970 units traded, Proven Investments US ordinary share closed at 23.99 US cents, down from 24 cents, with 1,050,020 units, Productive Business Solutions US ordinary shares closed at 60 US cents with 900 units and Jamaica Money Market Brokers 7.5% preference share ended at $2 with 242,935 units trading.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, 1834 Investments, Barita Investments, Berger Paints, Cable and Wireless, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Productive Business Solutions, Proven Investments, Radio Jamaica, Sagicor Group, Salada Foods, Scotia Group, Scotia Investments, Seprod, Sterling Investments, Supreme Ventures, Trading Activity

Finance companies blast JSE indices

September 1, 2017 by IC Insider.com

Sagiocr Group was one of the big contributors to the JSE rise on Friday with a rise of $2.30.

The main market of the Jamaica Stock Exchange started trading for September in a very bullish mode and closed the day with a huge jump in the market indices, thanks to 2 to 1 advance decline ratio, but more so by movements in the three large capitalisation stocks, NCB Financial, Sagicor Group and Scotia Group.
The All Jamaica Composite Index surged 8,689.74 points, at the close of trading the third highest in the markets history and the JSE Market Index climbed 7,917.33 points. The market sits just under a major resistance level at 290,000 points on the All Jamaica Composite Index, a meaningful break out this coming week could open the market up for a huge rally for the balance of the year.
At the close of market activity, the volume of stocks changing hands and their last traded price are Barita Investments with gains of 5 cents to end at $8.10 with 9,501 shares, Berger Paints closed $2.50 lower to $10.60 with 30,378 shares as investors responded negatively to the buyout offer for the minority shareholdings while ignoring the fundamentals of the company. Cable and Wireless gained 5 cents, closing at $1.05 with 18,094 shares, Caribbean Cement traded 40,150 shares at $27, Carreras closed at $108 with 30,352 stock units, Ciboney exchanged just 200 shares at 17 cents, Grace Kennedy added 2 cents to close at $42 with 14,115 shares. Jamaica Broilers lost 5 cents and closed at $18.95 with 26,278 shares, Jamaica Stock Exchange closed at $6.35, rising of 50 cents in trading 850 shares,JMMB Group gained 49 cents to close at $21.49 with 11,653 units. Kingston Properties closed at $7.50, rising 30 cents with 742 stock units, Kingston Wharves traded 6 cents lower to $30.79 with 1,503 shares, Mayberry Investments lost 20 cents, closing at $4.30 with 199,098 stock units, NCB Financial Group climbed $1.01 to close at $90 with 42,492 shares, 1834 Investments ended with a gain of 4 cents, closed at $1.34, with 31,474 shares and 138 Student Living lost 70 cents to close at $4.75 with 100 stock units. Radio Jamaica closed at $1.22 with 25,927 units changing hands, Sagicor Group jumped $2.30 to $34.10 trading 331,028 shares, Sagicor Real Estate Fund ended at $11.96, after falling 9 cents with 17,729 shares, Salada Foods gained 50 cents, closing at $8.50 with 100,000 shares, Scotia Group closed at $50 with 255,822 shares, after trading earlier at $52. The market closed with no stock being offered for sale ahead of the third quarter results due in the coming week. Seprod traded 4,000 shares at $33, Supreme Ventures closed at a record $12.90, gaining 90 cents with 81,771 units. Newly listed Productive Business Solutions US ordinary shares rose 5 cents and closed at a record 60 US cents while trading just 100 units, Proven Investments US ordinary share closed at 24 US cents with 14,100 units, Jamaica Money Market Brokers 7.5% preference share traded 45,100 units at $2 and JMMB Group 7.5% preference share gained 1 cent to close at $1.16 with 34,643 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, 1834 Investments, Barita Investments, Berger Paints, Cable and Wireless, Caribbean Cement, Carreras, Ciboney Group, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, NCB Financial Group, Productive Business Solutions, Proven Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Supreme Ventures, Trading Activity

Major end of month JSE moves

August 31, 2017 by IC Insider.com

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Supreme Ventures closed at record high of $12 on Thursday.

In an active day of market activities, 29 securities traded with Scotia Group hitting a record high of $50 ahead of the third quarter results due for release within a week and Supreme Ventures (SVL) closed at a high of $12 on the Jamaica Stock Exchange
Investors continue to respond positively to SVL half year results that rose 41 percent but Sterling Investments dropped to a 52 weeks’ low of $12.75.
Elsewhere in the main market overvalued Jamaica Producers traded 1,082,752 shares to close at $15.99 after adding 5 cents and 138 Student Living gained 30 cents to close at $5.45 with 1,589,048 shares. Productive Business Solutions that went to the public to raise fresh capital had the US dollar ordinary shares and the preference shares were listed at the start of the day but there was no trading in them.

PBS shares were listed on Thursday.

At the close of the market, the volume of securities trading and their last traded price are, Barita Investments with a loss of 95 cents, closed at $8.05 with 20,000 shares, with investors interest wanes pending the announcement of the offer to acquire to acquire majority shares. Berger Paints closed $2.70 lower to $13.10 with 99,115 shares, after the new majority owner released an underwhelming of $10.88 before trading cost, to acquire the minority shares. Cable and Wireless closed at $1 with 415,972 shares, Caribbean Cement traded $2 lower to $27 with 33,000 shares, Carreras shed 50 cents to $108 with 50,214 shares, Grace Kennedy added 48 cents to close at $41.98 with 21,669 shares. Jamaica Broilers gained 80 cents, to end at $19 with 132,533 shares, Jamaica Stock Exchange dipped 50 cents to $5.85, with 16,413 shares, JMMB Group rose 5 cents and closed at $21 with 64,023 shares. Kingston Properties closed at $7.20, in losing 30 cents with 12,000 shares,Kingston Wharves traded $1.15 lower to $30.85 with 16,437 stock units, Mayberry Investments lost 10 cents, in closing at $4.50 with 121,180 shares, NCB Financial Group climbed $1.44 to close at $88.99 with 215,240 shares, 1834 Investments exchanged 1,200 shares at $1.30, PanJam Investment ended with a loss of $2.49 at $32.01 with 44,860 shares.

Pulse Investments gained 4 cents, closing at $1.99 with 4,826 shares, Radio Jamaica closed at $1.22 with 1,000 shares, Sagicor Group closed at $31.80 with gains of 20 cents trading 44,472 units, Sagicor Real Estate fund ended at $12.05, after gaining 5 cents with 500 shares, Salada Foods dropped $2 to $8 with 100,000 shares, Scotia Group advanced $3 to $50 with 75,994 shares, Scotia Investments eased 1 cent to $35.50 with 200 shares, Seprod traded 2,500 shares at $33, Sterling Investments declined $1.25 to $12.75 with 2,000 shares, Supreme Ventures closed at $12, gaining $1.01 with 114,906 shares. Margaritaville Turks US ordinary shares closed at 30 US cents with 1,000 units, Proven Investments US ordinary shares closed at 24 US cents with 51,749 units, Jamaica Money Market Brokers 7.5% preference share with gains of 15 cents, closed at $2 with 745,140 units and Proven 8.25% cumulative redeemable preference share gained 40 cents to close at $5.50 with 21,000 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, 1834 Investments, Barita Investments, Berger Paints, Cable and Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Margaritaville Turks, Mayberry Investments, NCB Financial Group, PANJAM Investment, Productive Business Solutions, Proven, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Scotia Investments, Seprod, Sterling Investments, Supreme Ventures, Trading Activity

JSE main market pulls back from record

August 28, 2017 by IC Insider.com

The Jamaica Stock Exchange pulled back from the record close on Friday with the market indices declining with the volume and value traded rising above Friday’s levels.
The All Jamaica Composite Index declined 452.43 points to close at 278,307.75, the JSE Market Index declined 412.22 points to 253,569.88 and the JSE US dollar market index fell 6.51 points to 177.52.
At the close of trading, 24 securities changed hands in the main market with 1 trading in the US dollar market, leading to 9 stocks advancing and 10 declining. The main market ended with 3,602,298 units valued at $94,690,959 changing hands compared to 2,197,630 units valued at $56,139,038 at the close on Friday. Trading in the US dollar market accounted for 174,932 units valued at US$40,234 bringing the total of all trades to J$99,840,958.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 4 stocks with bids higher than their last selling prices and 1 with a lower offer.
The main market ended trading with an average of 150,096 units valued at $3,945,457 for each security traded compared to an average of 84,254 units valued at $2,159,194. The average volume and value for the month to date ended at $185,421 units with an average value of $3,984,939 compared with an average of 187,499 units with an average value of $3,987,261 on the previous trading day. The average volume and value for July ended at 160,668 units with an average value of $2,691,438.
At the close of the market, the last traded prices of securities and volume changing hands are, Barita Investments with a loss of 51 cents in closing at $10.49 with 2,449 shares, Berger Paints closed at $16, after gaining 25 cents with 500 shares, Cable and Wireless lost 5 cents to close at $1.10 with 299,771 shares, Caribbean Cement climbed $2.50 and ended at $30 with 76,723 shares, Carreras inched 1 cent higher to close at $108 with 473,898 shares, Grace Kennedy traded 206,942 shares at $41.50. Jamaica Broilers with gains of 14 cents, closed at $17.75 with 4,965 shares, Jamaica Producers dropped $1.52 to $14.98 with 1,053,204 shares, Jamaica Stock Exchange closed at $5.70, with a loss of 30 cents trading 1,645 shares, JMMB Group lost 10 cents to close at $20.90 with 301,858 shares. Kingston Properties closed at $8 with 4,184 units, Kingston Wharves rose 6 cents and closed at $30.85 with 5,743 shares, NCB Financial Group closed at $87.99, having lost $1 with 5,571 stock units, PanJam Investment gained 5 cents to $33 with 39,433 shares, Portland JSX traded 5 cents lower to $9.25 with 10,000 shares. Pulse Investments ended with a loss of 5 cents at $2 with 16,600 shares, Sagicor Group added 50 cents, closing at $32 with 19,990 shares, Sagicor Real Estate Fund gained 2 cents to close at $12 trading 490,652 shares, Scotia Group closed 40 cents higher at $45.50 with 1,651 shares, Sterling Investments exchanged 2,000 shares at $14, Supreme Ventures closed at $9.51, losing 49 cents with 74,519 shares. Proven Investments US ordinary shares lost 1 cent US and closed at 23 US cents with 174,932 units, 138 Student Living variable rate preference share traded 500 units at $5.68, Jamaica Money market Brokers 7.5% preference share closed at $1.85 with 61,500 units being exchanged and JMMB Group 7.5% preference share closed with 448,000 shares at $1.15.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Cable and Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB, JMMB Group, Kingston Properties, Kingston Wharves, NCB Financial Group, PANJAM Investment, Portland JSX, Proven Investments, Pulse Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Sterling Investments, Supreme Ventures, Trading Activity

Huge gains push JSE to record high – Thursday

August 24, 2017 by IC Insider.com

Main market indices of the Jamaica Stock Exchange made huge gains in trading on Thursday, to close at new record highs.
The All Jamaica Composite Index surged 6,467.89 points to a record close of 278,653.42, as the market recovered from near 5,000 points drop on Wednesday. The JSE Market Index leapt 5,892.98 points to a record close of 253,884.83, bettering the record reached August 10 for both indices. The JSE US dollar market index declined 3.84 points to 180.19.
At the close of trading, 23 securities changed hands in the main market with 2 trading in the US dollar market, leading to 11 stocks advancing and 8 declining. The main market ended with 4,236,294 units valued at $109,212,854 changing hands compared to 12,794,782 units valued at $308,295,023 at the close on Wednesday. Trading in the US dollar market accounted for 26,814 units valued at US$7,765 bringing the total of all trades to J$110,206,772.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks with bids higher than their last selling prices and 7 with lower offers.
The main market ended trading with an average of 184,187 units valued at $4,748,385 for each security traded compared to an average of 473,881 units valued at $11,418,334. The average volume and value for the month to date ended at $193,935 units with an average value of $4,101,515 compared with an average of $194,585 units with an average value of $4,058,391 on the previous trading day. The average volume and value for July ended at 160,668 units with an average value of $2,691,438.
At the close of the market, the last traded prices of securities and volume changing hands are, Berger Paints closing at $16.15 after gaining 15 cents with 1,658 shares, Cable and Wireless lost 1 cent to close at $1.14 with 78,544 shares, Caribbean Cement rising $1.51 to $30 with 40,298 shares, Carreras with a loss of 40 cents to $107.60 with 128,994 shares, Grace Kennedy traded 50 cents higher to $41 with 333,520 shares. Jamaica Broilers finished with a loss of 45 cents at $17.05 with 502,272 shares, Jamaica Producers advanced by $1 to $17 with 2,297,691 shares, Jamaica Stock Exchange closed at $6.19 with gains of 49 cents trading 7,551 shares, JMMB Group gained 50 cents to close at $21.50 with 37,534 shares. Kingston Properties closed at $8 with 1,250 shares, Kingston Wharves climbed $2 to $31.50 with only 800 shares, Mayberry Investments rose 32 cents to $4.50 with 20,438 shares, NCB Financial Group traded $1.99 higher to $87.99 with 252,941 shares, 138 Student Living closed at $5.15 trading 7,850 shares, PanJam Investment closed at $33 with 32,820 shares, Portland JSX lost 11 cents, closing at $9.30 with 200 shares. Pulse Investments ended with a loss of 40 cents at $1.80 with 7,800 shares, Radio Jamaica traded 234,820 shares at $1.30, Sagicor Group fell by 60 cents, closing at $31 with 42,184 shares, Sagicor Real Estate Fund added 1 cent to close at $12.06 in trading 11,185 shares, Scotia Group gained 45 cents and closed at $46.95 with 56,384 shares, Seprod lost 25 cents to close at $29.75 with 56,860 shares, Supreme Ventures held firm at $8.80 with 82,070 shares. Proven Investments US ordinary shares lost US 1 cent and closed at 23 US cents with 25,097 units and JMMB Group US 6% preference share traded at US$1.10 with 1,717 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Berger Paints, Cable and Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Portland JSX, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Supreme Ventures, Trading Activity

JSE main market jumps sharply – Tuesday

August 15, 2017 by IC Insider.com

Main market stocks surge higher at the close of trading on the Jamaica Stock Exchange on Tuesday even as declining stocks beat out advancing almost 3 to 1. Market activity took place from increased volumes as 30 securities changed hands up from 26 on Monday.
At the close of trading 2 securities were active in the US dollar market, 6 stocks advanced and 15 declined in both markets. The main market ended with 3,703,287 units valued at $102,098,446 changing hands compared to 6,318,090 units valued at $56,287,458 at the close on Monday. Trading in the US dollar market accounted for just 984 units valued at US$623, bringing the total of all trades to J$102,178,210.
The All Jamaica Composite Index jumped 2,655.88 points to close at 277,217.25, the JSE Market Index climbed 2,419.81 points to 252,576.32 and the JSE US dollar market index lost 0.07 points to close at 186.15.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 4 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 123,443 units valued at $3,403,282 for each security traded compared to an average of 243,003 units valued at $2,164,902. The average volume and value for the month to date ended at 157,392 units with an average value of $3,180,224 compared with an average of 161,636 units with an average value of $3,152,342 on the previous trading day. The average volume and value for July ended at 160,668 units with an average value of $2,691,438.
In market activity, Barita Investments jumped $1.20 to record high of $12 with 16,931 shares changing hands, just over a week that the company reported that the directors were considering an offer to purchase the majority of its shares. Cable and Wireless closed at $1.20, losing 3 cents as 1,114,661 shares were exchanged, after the company posted a profit in the June quarter, Caribbean Cement lost 49 cents, closing at $27.01 with 6,500 shares, Carreras climbed $1 to $109, with 761,392 shares Grace Kennedy dipped 15 cents to $41 trading 7,606 shares. Jamaica Broilers exchanged 28,206 shares at $17.50, Jamaica Producers closed at $15, with gains of 34 cents, trading 2,000 shares, Jamaica Stock Exchange lost 3 cents to $6.45, with 8,586 shares changing hands, JMMB Group gained 78 cents to close at $21, with 68,950 shares. Kingston Properties exchanged 43,400 shares at $7.20, having lost 80 cents, Kingston Wharves slid 50 cents to $29.50, with an exchange of 37,483 shares, Mayberry Investments lost 30 cents to close at $4.40, with 80,978 shares changing hands, NCB Financial Group fell 50 cents to $90, after exchanging 73,999 units, 1834 Investments lost 5 cents to close at $1.30 while trading 137,746 shares, 138 Student Living closed at $5.15, after losing 35 cents with 4,100 shares, PanJam Investment closed 5 cents lower at $30.95 trading 33,152 shares, Portland JSX exchanged 41,892 shares at $9.30. Pulse Investments gained 9 cents to close at $1.95 trading 33,986 shares, Radio Jamaica exchanged 1,000 shares at $1.40, Sagicor Group closed 47 cents lower to $31.52, with 35,648 shares, Sagicor Real Estate fund traded 24,422 shares at $12.05, Salada Foods closed at $9.50 with 442 shares changing hands, Scotia Group closed at $45.90 with trades of 27,550 shares, Scotia Investments gained 10 cents with 500 shares traded and closed at $35.10, Seprod dropped $2.55 to $30 with an exchange of 35,937 shares, Sterling Investments closed 5 cents lower to $14 trading 15,000 shares, Supreme Ventures traded 56,148 shares at $8. Proven Investments US ordinary share, closed at 24 US cents with 534 units changing hands, JMMB Group US 6% preference shares was down 2 US cents to US$1.10, trading 450 units, , Jamaica Money Market Brokers 7.5% preference share traded 4,852 units at $1.99, JMMB Group 7.5% preference closed at $1.15, with 1,000,000 units changing owners and Proven 8.25% preference share closed at $4.98, losing 1 cent exchanging 220 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, 1834 Investments, Barita Investments, Cable and Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Portland JSX, Proven, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Scotia Investments, Seprod, Sterling Investments, Supreme Ventures, Trading Activity

Barita at record high on Monday

August 14, 2017 by IC Insider.com

The main market stocks of the Jamaica Stock Exchange declined for the second consecutive day with moderate fall in the indices at the close on Monday. Barita Investments, the subject of a proposed takeover bid closed at a new all-time high of $10.80 at the close.
The All Jamaica Composite Index declined 515.97 points to close at 274,561.37, the JSE Market Index declined 470.10 points to 250,156.51 and the JSE US dollar market index lost 2.04 points to close at 186.22.
At the close of trading, 26 securities changed hands in the main market with 2 trading in the US dollar market, leading to 8 stocks advancing and 9 declining. The main market ended with 6,318,090 units valued at $56,287,458 changing hands compared to 7,902,262 units valued at $237,278,617 at the close on Friday. Trading in the US dollar market accounted for 243,556 units valued at US$58,933, bringing the total of all trades to J$63,830,938.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 4 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 243,003 units valued at $2,164,902 for each security traded compared to an average of 395,113 units valued at $11,863,931. The average volume and value for the month to date ended at 161,636 units with an average value of $3,152,342 compared with an average of 150,012 units with an average value of $3,293,405 on the previous trading day. The average volume and value for July ended at 160,668 units with an average value of $2,691,438.
In market activity, Barita Investments traded $1.40 higher to close at an all-time high of $10.80 with 30,000 shares changing hands, Berger Paints gained 95 cents and closed at $16.95 trading 1,218 shares, Cable and Wireless closed at $1.23, after gaining 16 cents with an exchange of 3,513,068 shares, with investors reacting positively to the report of profit in the June quarter. Caribbean Cement lost 51 cents to end at $27.50 with 16,500 shares,Carreras closed at $108, with 88,618 shares switching owners, Grace Kennedy jumped $1.15 to close at $41.15 trading 20,997 shares. Jamaica Broilers lost 50 cents exchanging 332,468 shares to close at $17.50, Jamaica Producers closed at $14.66, with a loss of 44 cents trading 42,186 shares, Jamaica Stock Exchange closed at $6.48 with 13,000 shares changing hands, JMMB Group lost 28 cents to close at $20.22, with 341,624 shares. Kingston Properties exchanged 1,000 shares at $8, Kingston Wharves traded $1 higher to $30, with an exchange of 7,000 shares, Mayberry Investments gained 21 cents to close at $4.70, with 465,061 shares changing hands, NCB Financial Group dipped 50 cents to $90.50, after exchanging 111,568 shares, 1834 Investments lost 5 cents to close at $1.35 while trading 1,834 shares, 138 Student Living traded 26,498 shares at $5.50, PanJam Investment closed $1 higher to $31 trading 127,297 shares,Proven Investments exchanged 26,560 shares at $25.02, Pulse Investments closed at $1.86 trading 39,165 shares, Radio Jamaica lost 20 cents exchanging 52,658 shares to close at $1.40, Sagicor Group closed $2.36 lower to $31.99, with 142,899 shares, Sagicor Real Estate Fund exchanged 18,151 shares at $12.05, Scotia Group closed at $45.90 with trades of 28,304 shares, Supreme Ventures traded 468,136 shares at $8. Margaritaville Turks US ordinary share was down 3 US cents to 33 US cents trading 5,000 units, Proven Investments US ordinary share closed at 24 US cents with 238,566 units changing hands, JMMB Group 7.5% preference share gained 4 cents, closing at $1.15, with 399,500 units changing owners and Proven 8.25% preference share closed at $4.99 exchanging 2,780 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, 1834 Investments, Barita Investments, Berger Paints, Cable and Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Margaritaville Turks, Mayberry Investments, NCB Financial Group, PANJAM Investment, Proven, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Supreme Ventures, Trading Activity

Main market drops 2,000 points – Wednesday

August 9, 2017 by IC Insider.com

Main market stocks suffered a reversal of fortunes on the Jamaica Stock Exchange on Wednesday with the main indices slipping over 2,000 points in spite of a $5 jump for Carreras and $2 for Sagicor Group. Trading closed moderately with 1,809,394 units valued at $47,308,355 changing hands.
On Tuesday just 909,094 units valued at $30,837,797 traded in the main market. Trading in the US dollar market on Wednesday accounted for 297,250 units valued at US$77,073 bringing the total of all trades to J$57,173,667.
At the close of trading, 26 securities changed hands in the main market with 2 trading in the US dollar market, leading to 9 stocks advancing and 8 declining.
The All Jamaica Composite Index declined 2,289.06 points to close at 275,869.08, the JSE Market Index lost 2,085.59 points to 251,347.98 and the JSE US dollar market index gained 5.10 points to close at 197.70.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 6 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 69,592 units valued at $1,819,552 for each security traded compared to an average of 39,526 units valued at $1,340,774. The average volume and value for the month to date ended at $119,995 units with an average value of $1,860,774 compared with an average of 132,596 units with an average value of $1,871,080 on the previous trading day. The average volume and value for July ended at 160,668 units with an average value of $2,691,438.
In market activity, Barita Investments gained 15 cents, closing at $9 with 211,900 shares changing hands, Berger Paints traded $2.37 lower to $16.18 in exchanging 43,980 shares, Cable and Wireless lost 10 cents to close at $1.05, with 54,029 shares changing hands,
Caribbean Cement closed at $29 after gaining $1 with 48,058 shares, Carreras jumped $5 higher to $110 while exchanging 112,582 shares, Grace Kennedy closed at $40.49, with a loss of 51 cents trading 114,173 shares. Jamaica Broilers lost 39 cents, in closing at $18.10 with an exchanging 28,436 shares, Jamaica Producers gained 90 cents to close at $16 trading 17,120 shares, Jamaica Stock Exchange added 1 cent, closing at $6.49 with 11,852 shares, JMMB Group closed at $19.20, losing 79 cents with 92,071 shares. Mayberry Investments closed at $4.49 after losing 51 cents with 17,010 shares changing hands, NCB Financial Group held firm at $90, after exchanging 42,893 shares, 1834 Investments traded 42,637 shares at $1.40, 138 Student Living gained 50 cents to close at $5.50 exchanging 5,000 shares, PanJam Investment remained at $33 trading 260,026 shares, Proven Investments exchanged 202,170 shares at $25.01, Pulse Investments gained 3 cents to close at $1.98 trading 76,971 shares, Radio Jamaica closed at $1.50 exchanging 117,708 shares. Sagicor Group closed at $34, with gains of $2 while trading 39,221 shares, Salada Foods lost 19 cents to $9.11, with 2,430 shares switching owners, Scotia Group closed at $44 with trades of 80,236 shares, Scotia Investments exchanged 100 units at $35, Seprod gained 85 cents to close at $33.40, with 301 units changing hands, Supreme Ventures traded 181,490 shares at $8. Margaritaville Turks US ordinary shares closed at 36 US cents trading 13,497 units, Proven Investments US ordinary shares closed at 24 US cents, with an exchange of 283,753 units, Proven Investments 8.25% preference share exchanged 3,000 units at $5 and JMMB Group 7.5% preference share lost 1 cent to close at $1.10 with 4,000 units traded.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, 1834 Investments, Barita Investments, Berger Paints, Cable and Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB, JMMB Group, Margaritaville Turks, Mayberry Investments, NCB Financial Group, PANJAM Investment, Proven, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Salada Foods, Scotia Group, Scotia Investments, Seprod, Supreme Ventures, Trading Activity

5 straight records for JSE Market Index

August 3, 2017 by IC Insider.com

Thursday ended on the main market stocks of the Jamaica Stock Exchange with the All Jamaica Composite Index crossing the 270,000 mark for the first time in jumping 1,819.13 points to close at a 3rd consecutive record, at 270,420.65. The JSE Market Index surged 1,657.43 points to a 5th consecutive record close, of 246,383.83.
The JSE US dollar market index lost 12.74 points to close at 188.43 with 2 securities trading in the US dollar market, including one preference share. Trading in the US dollar market accounted for 135,953 units valued at US$37,081.
At the close of trading, 26 securities changed hands in the main market, leading to 13 stocks advancing and 9 declining and the price of one stock in the US dollar market fell. Two stocks closed at new 52 weeks’ highs. The main market ended with 3,104,799 units valued at 66,312,076 changing hands compared to 7,902,954 units valued at $80,354,594 at the close on Wednesday. Trading in the local and US dollar markets to J$71,058,454.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading is indicating a strong move ahead as 12 stocks ended with bids higher than their last selling prices and only 2 with lower offers.
The main market ended trading with an average of 119,415 units valued at $2,550,464 for each security traded compared to an average of 246,967 units valued at $2,511,081. The average volume and value for the month to date ended at $183,191 units with an average value of $2,530,773 compared with an average of 246,967 units valued at $2,511,081 on the previous trading day. The average volume and value for July ended at 160,668 units with an average value of $2,691,438.
In market activity, the last traded price of securities trading along with the volume changing hands are: Barita Investments with just 900 units closing at $6.85 and gaining 20 cents, Berger Paints gaining 48 cents to $18.98 exchanging 5,568 shares, Cable and Wireless closed at $1, with gains of 4 cents trading 523,776 shares, Caribbean Cement lost 20 cents to close at $29.80 with 77,000 shares, Carreras ended at $110 with of 27,188 shares, Grace Kennedy gained 60 cents at $41.10, exchanging 69,007 shares. Jamaica Broilers dropped 50 cents, closing at $18.50 with 172,757 units, Jamaica Producers traded 90 cents higher to $15.90 with 185,577 shares. Jamaica Stock Exchange closed at $6.45 trading 12,250 shares, JMMB Group closed 25 cents lower to $20, with 17,637 shares. Kingston Wharves gained 10 cents to close at $27.20 exchanging 612 units. Mayberry Investments gained 39 cents, closing at $5 trading 110,000 shares, NCB Financial Group added $1.99 to record close of $83, after exchanging 263,394 shares, 1834 Investments closed at $1.41, losing 9 cents with 25,000 shares, PanJam Investment traded $1.45 lower to $33 trading 51,940 shares, Proven Investments added 1 cent to close at $24.72 exchanging 148,499 shares, Pulse Investments gained 26 cents to close at $2.20, with 15,000 shares, Radio Jamaica closed at $1.41 with 115,145 shares. Sagicor Group gained $1.74 to $31.75 trading 75,345 shares, Scotia Group closed at $44.95, losing 95 cents with 420,846 shares, Scotia Investmentsexchanged 2,000 shares at $35.12, after losing 38 cents, Seprod closed at $31, with gains of 95 cents and 500 units changing hands, Supreme Ventures lost 2 cents to close at $7.68 with 110,571 shares. Proven Investments US ordinary shares closed at 24 US cents, losing 0.02 US cents trading 130,897 units, JMMB Group US 6% preference share exchanged 5,056 units at US$1.12, JMMB 7.5% preference share closed at $1.99, gaining 9 cents, trading 74,187 units, JMMB Group 7.5% preference share lost 4 cents, closing at $1.11 with 600,000 units exchanged and 138 Student Living variable rate preference share closed at 52 weeks’ high of $5.68, with gains of 68 cents trading 100 units.