138 Student Living

Sagicor’s big 11M share trade on Monday

April 10, 2017 by IC Insider.com

Sagicor Group Kingston head quarters.

The Jamaica Stock Exchange started the week with a big 11 million units trade in Sagicor Group but the market ended with losses to the main market indices. Trading closed on Monday with 23 securities changing hands in the main market and 1 trading in the US dollar market.
Trading ended with 12 stocks advancing and 8 declining in the main market as 13,790,971 units valued at $428,274,635 traded in the main market compared to 9,512,849 units valued at $220,101,365 at the close on Friday. Trading in the US dollar market accounted for 3,670 units valued at US$1,100.
The All Jamaica Composite Index declined 1,432.85 points to close at 246,900.84, the JSE Market Index lost 1,305.49 points to finish at 224,954.64 and the JSE US dollar market index gained 1.72 points to close at 218.68.
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 12 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 599,607 units valued at $18,620,636 for each security traded compared to an average of 413,602 units valued at $9,170,890 per security. The average volume for the month to date ended at 794,485 units valued at $18,495,857 per security, versus 833,460 units and $5,623,143 on the prior trading day. The average volume and value for March ended at 549,909 units and $1,379,459.
In market activity, Berger Paints closed at $12.30, gaining 25 cents with trades of 4,243 shares, Cable and Wireless closed at $1.30, with gains of 2 cents while exchanging 64,088 shares, Caribbean Cement added $1.10 to close at $31.60 trading 24,639 units. Carreras closed at $74 with 30,000 shares changing hands, Grace Kennedy tumbled $3.70 to close at $41, with 1,070,424 units traded, Jamaica Broilers added 4 cents to close at $16.54 with trades of 17,574 shares, Jamaica Producers closed 50 cents lower to $14.50, with an exchange of 5,900 shares, Jamaica Stock Exchange gained 75 cents to close at $7.95, with 37,105 shares changing hands. JMMB Group closed 10 cents higher to $18.65 trading 18,470 units, Kingston Properties gained 3 cents to close at $15.98 with 4,000 shares changing hands, Kingston Wharves closed at $32, after falling 36 cents with an exchange of 19,903 units,

Mayberry Investments closed at $4.80 with a 10 cents gain trading 41,016 shares, NCB Financial Group closed at $62.40, after exchanging 15,500 shares, 1834 Investments traded 2,874 units at $1.54, while 138 Student Living traded 30,700 units at $4.46, having lost 3 cents, Pan Jamaican closed 60 cents higher at $35.60 with 5,241 shares changing owners. Pulse Investments traded 2,000 units at $8, Sagicor Group closed with gains of 51 cents to $33.51, exchanging 11,135,988 shares, Sagicor Real Estate Fund lost 46 cents to close at $10.05, with 695 shares traded, Scotia Group dropped $1.40 and closed at $38.60, trading 10,154 units, Seprod fell $3.70 to close at $36, while trading 5,400 shares, Supreme Ventures closed at $6.38, gaining 3 cents with trades of 360,757 shares. Proven Investments lost 1 US cent to close at 29 US cents with trades of 3,670 ordinary shares and JMMB Group 7.5% preference share gained 5 cents to close at $1.10, with an exchange of 884,000 units.

Filed Under: JSE Main Market, Stock Market Tagged With: 138 Student Living, 1834 Investments, Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, junior market, Kingston Wharves, Margaritaville Turks, Mayberry Investments, National Commercial Bank, Pan Jamaican, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Supreme Ventures, Trading Activity

Jamaican stocks drop on Tuesday

February 21, 2017 by IC Insider.com

Stocks trading on the Jamaican Stock Exchange, on Tuesday mostly rose leading to strong gains in the man market indices, moderate gains for the junior market and a fall of the US dollar market index.
The market closed with trading in 47 securities with 15 stocks rising and 15 falling, in all markets. At the close 7 stocks gained and 7 declined from the junior market based on the last selling price and 1 fell in the US dollar market.
The JSE combined index fell 143.05 points, to close at 247,514.44, the All Jamaica Composite Index shed 886.32 points to close at 254,452.51, the JSE Market Index moved down 792.52 points to finish 231,900.30, the The junior market index jumped sharply by 57.28 points, to close at record 3,158.79 points and the the US dollar market index fell 7.46 points to end at 225.97.
Trading was boosted by a 12 million units that changed hands, of 138 Student Living preference share, to reach 15,737,390 units valued at $95,432,907 compared with the previous day with 8,079,039 units valued at $48,306,068, having changed hands, compared to 8,815,422 units valued at $83,003,765 changing hands on Monday. The junior market accounted for 1,021,882 units valued at over $6,003,095 of those trading. The US dollar market index traded 85,076 units valued at US$26,437.
The average trade for the day in the main market ended at 85,131 shares compared to an average of 219,185 units on Monday. For the month to date, an average of 132,046 shares compared to an average of 178,960 units up to the prior trading day. January ended with an average of 592,602 units.
The junior market ended trading with an average of 53,783 units with an average value of $315,952 traded, compared to of 110,117 units with an average value of $656,133 on the previous trading day. The average volume and value for the month to date ended at 258,010 units and $1,598,653 compared to 272,597 units and $1,690,274 to the previous day. The average volume and value for January, ended at 165,547 units and $884,749.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 6 stocks with bids higher than their last selling prices and none with a lower offer.

Filed Under: Feature Stories, JSE Combined, Stock Market Tagged With: 138 Student Living, Daily Trading, Emerging markets, Jamaican stocks, junior market, Trading Activity

Jamaican stocks down again on Tuesday

February 14, 2017 by IC Insider.com

Jamaica Broilers traded at a new high on Tuesday

Prices mostly pulled back for Jamaican stocks on Tuesday, with big fall in market indices as more stocks fell than advanced at the close of trading on the Jamaica Stock Exchange with 55 securities changing hands in the overall market ending with 16 stocks rising and 22 falling.
The market closed Tuesday, with 11 stocks gaining and 7 declining coming from the junior market as 6 securities ending at new 52 weeks’ closing highs.
The All Jamaica Composite Index dropped 750.62 points to close at 254,224.65, the JSE Market Index fell 671.19 points to finish at 231,025.35 and the JSE combined index lost 849.58 points, to close at 245,876.85.
At the close, 9,830,806 units valued at $174,930,678 changed hands, compared to 17,383,764 units valued at $129,272,080 changing hands on Monday. Of the stocks traded, the junior market accounted for 3,740,128 units valued at over $70,476,295.
The average trade for the day in the main market ended at 210,760 shares compared to an average of 179,527 units on Monday. For the month to date, an average of 188,403 shares compared to an average of 166,045 units up to the prior trading day. January ended with an average of 592,602 units.

IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 9 stocks with bids higher than their last selling prices and 1 with a lower offer.
In market activity, Barita Investments gained 30 cents to close at a 52 weeks’ high of $8, while trading 96,986 units, Berger Paints exchanged 59,653 shares at $12, Cable and Wireless closed 4 cents higher to $1.29 with 462,009 units changing hands, Caribbean Cement lost 30 cents to close at $30.30 with trades of 85,064 shares. Carreras closed at a 52 weeks’ high of $68, gaining $1 with 16,633 units traded, 1834 Investments added 5 cents to close at $2.20 with trades of 88,628 shares, Grace Kennedy closed at $40.50, losing 15 cents with 2,650,225 units changing hands. Jamaica Broilers lost 10 cents, closing at a 52 weeks’ high of $16.15 trading 18,902 shares, Jamaica Producers declined by 97 cents to close at $20.75 with 168,975 units changing hands, Jamaica Stock Exchange closed at $9.50, losing $1 with 281,670 shares traded and JMMB Group lost 5 cents to close at $19.55 with an exchange of 68,103 units. Kingston Properties ended at $10 trading 23,048 shares, Kingston Wharves declined 50 cents, closing at $31 with trades of 115,240 units, Margaritaville Turks gained 4 cents to close at 39 US cents, trading 4,000 shares,

Barita closed at a new high on Tuesday.

Mayberry Investments lost 2 cents to end at $5.73 with 37,903 shares changing hands. National Commercial Bank closed at $64.89 with a loss of 11 cents, after swapping 70,085 shares, 138 Student Living traded 580,941 units at $4.50, Pan Jamaican ended trading at $40, dropping $4 with an exchange of 223,325 shares, Portland JSX gained 5 cents to close at $10.55 with an exchange of 5,000 shares. Pulse Investments slid 49 cents to close at $6.50 with 30,900 shares changing hands, Radio Jamaica gained 15 cents and closed at $1.85, trading 402,611 units, Sagicor Group slid $2.49, closing at $33.01 with trades of 25,617 units, Sagicor Real Estate fund closed at $11.05, losing 45 cents with an exchange of 30,954 units, Salada traded 100 units at $9.24. Scotia Group declined by $2.10 to close at $41, having traded 60,327 shares. Scotia Investments climbed higher by $4.50 to $42.50, trading 24,747 shares, Supreme Ventures closed lower at $5.68 with a loss of 2 cents and 67,700 shares traded, Proven Investments lost 2 US cents trading 126,922 ordinary shares, to close at 30 US cents and JMMBGL 7.5% preference share, lost 1 cent, with trades of 263,465 units, to close at $1.09.

Filed Under: JSE Main Market, Stock Market Tagged With: 138 Student Living, 1834 Investments, Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, junior market, Kingston Wharves, Margaritaville Turks, Mayberry Investments, National Commercial Bank, Pan Jamaican, Portland JSX, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Supreme Ventures, Trading Activity

Jamaican stocks down sharply on Monday

February 13, 2017 by IC Insider.com

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Jamaica Stock Exchange dropped to $10.60

Prices mostly pulled back for Jamaican stocks on Monday, with big fall in market indices as more stocks fell than advanced at the close of trading on the Jamaica Stock Exchange with 46 securities changing hands in the overall market ending with 16 stocks rising and 17 falling.
The market closed Monday, with 6 stocks gaining and 15 declining coming from the junior market as 6 securities ending at new 52 weeks’ closing highs.
The All Jamaica Composite Index dropped 3,171.06 points to close at 254,224.65, the JSE Market Index dived 2,835.48 points to finish at 231,696.54 and the JSE combined index plunged 3,008.67 points, to close at 246,726.43.

At the close, 17,383,764 units valued at $129,272,080 changed hands, compared to 23,308,737 units valued at $169,240,005 changing hands on Friday. Of the stocks traded, the junior market accounted for 13,224,639 units valued at over $70,476,295.
The average trade for the day in the main market ended at 179,527 shares compared to an average of 116,707 units on Friday. For the month to date, an average of 166,045 shares compared to an average of 152,563 units up to the prior trading day. January ended with an average of 592,602 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 20 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Berger Paints traded 145,500 shares at $12, Cable and Wireless closed at $1.25 trading 758,788 units, Caribbean Cement closed at $30.60, losing $2.40 with an exchange of 18,000 shares. Carreras traded 20,128 units and closed at $67, trading in 1834 Investments ended with an increase of 3 cents to close at $2.15 with 254,139 shares changing hands, Grace Kennedy closed at $40.65 with 70,634 units changing hands. Jamaica Broilers closed at $16.25 with an exchange of 18,057 shares, Jamaica Producers advanced $1.72 to close at a 52 weeks’ high of $21.72 with 59,292 units changing hands, Jamaica Stock Exchange dropped $3 and closed at $10.50 with 163,955 shares traded,

JMMB Group gained 10 cents to close at $19.60 with 336,314 units traded. Kingston Wharves dropped $2 to close at $31.50 with trades of 7,065 units, Mayberry Investments gained 25 cents, closing at $5.75 with 54,645 shares changing hands, National Commercial Bank added 10 cents to close at $65, after swapping 26,583 shares. 138 Student Living traded 438,159 units at $4.50, Pan Jamaican ended trading at a 52 weeks’ high of $44, gaining $4 with an exchange of 35,183 shares. Radio Jamaica gained 2 cents and closed at $1.70 trading 345,833 units, Sagicor Group closed at $35.50 with trades of 34,157 units, Sagicor Real Estate fund closed at $11.50, gaining $1.50 with an exchange of 3,550 units, Scotia Group closed at $43.10, having traded 276,859 shares. Supreme Ventures closed at $5.70 with 625,973 shares traded and Proven Investments gained 2 US cents trading 389,057 ordinary shares to close at 32 US cents.

Filed Under: JSE Main Market, Stock Market Tagged With: 138 Student Living, 1834 Investments, Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, junior market, Kingston Wharves, Mayberry Investments, National Commercial Bank, Pan Jamaican, Proven Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Supreme Ventures, Trading Activity

17 new highs for JSE stocks on Thursday

February 9, 2017 by IC Insider.com

Scotia Group was one of 17 stocks to close at a 52 weeks’ high on Thursday.

Bulls pushed the stock market hard on Thursday, with the all market indices surging to new record highs on the Jamaica Stock Exchange with 17 securities ending at new 52 weeks’ closing highs.
The market closed Thursday, as 48 securities changed hands in the overall market, ending with 26 stocks rising and 12 falling, including 16 stocks gaining and 3 declining, in the junior market.
The All Jamaica Composite Index surged 7,266.97 points to close at record 256,749.20, the JSE Market Index jumped 6,497.96 points to finish at record close of 227,455.97 and the JSE combined index climbed sharply by 6,919.27 points, to close at new closing high of 248,994.38. The movement of the main market, for the year to date, resulted to gains of 22.2 percent, for the all Jamaica Composite Index, with the JSE Market Index up 18.7 percent. The moves in the indices are subject to change as the stock exchange daily postings indicate that there are errors in the reports since the new trading system was activated on Monday.

At the close, 13,502,301 units valued at $265,917,085 changed hands, compared to $146,199,269 units valued at $265,917,085 changing hands on Wednesday. Of the stocks traded, the junior market accounted for 7,916,160 units valued at over $42,290,565.
The average trade for the day in the main market ended at 200,657 shares compared to an average of 355,210 units on Wednesday. For the month to date, an average of 188,419 shares traded compared to an average of 176,182 units up to the prior trading day. January ended with an average of 592,602 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks with bids higher than their last selling prices and 6 with lower offers.
In market activity, Berger Paints advanced $1.75 to a new 52 weeks’ high of $12, while trading 6,101 shares, Cable and Wireless lost 3 cents to close at $1.14 with trades of 273,176 units, Caribbean Cement closed at $32 with an exchange of 124,119 shares. Carreras traded 18,307 units, gaining 24 cents and closed at $66.99, Investors pushed 1834 Investments up by 16 cents to close at $1.86 in trading 28,194 shares, Grace Kennedy closed at $40, in losing 65 cents with trades of 33,486 units. Jamaica Broilers gained 25 cents with an exchange of 21,495 shares to close at 52 weeks’ high of $16.25, Jamaica Producers advanced $1.50 to close at 52 weeks’ high of $21 with 37,466 units changing hands, Jamaica Stock Exchange gained 60 cents to close at 52 weeks’ high of $10.60 with 21,813 shares traded. JMMB Group lost 1 cent to close at $19.99 with 61,718 units traded, Kingston Wharves closed at $30 with trades of 8,200 units, Mayberry Investments lost 10 cents to close at $5.80 with 251,786 shares changing hands,

Proven Investments traded at a new high on Thursday.

National Commercial Bank fell by $1, closing at $64 after swapping 425,055 shares. 138 Student Living traded 6,277 units at $4.50, Pan Jamaican advanced $1.02 trading 22,345 shares and closed at 52 weeks’ high of $35.02, Pulse Investments added 1 cent to close at $7.01 with 38,925 units changing hands. Radio Jamaica lost 10 cents and closed at $1.40 trading 806,081 units, after trading as high as $1.70, Sagicor Group gained $2, closing at a 52 weeks’ high of $35, with trades of 13,935 units, Sagicor Real Estate climbed to $10.50, by gaining 30 cents with an exchange of 2,438,682 units. Scotia Group ended trading with gains of $3.51 closed at a 52 weeks’ high of $47.51 having traded 206,153 shares, Scotia Investments closed at a 52 weeks’ high of $41.41 with gains of $5.41, after trading 60,100 units, Seprod closed at a 52 weeks’ high of $31 with trades of just 130 units. Supreme Ventures added 4 cents to close at $5.54 with 105,474 shares traded, Proven Investments traded 569,727 ordinary shares to close with a gain of 4 cents at a 52 weeks’ high of 35 US cents and JMMB Group 7.5 preference share closed at $2.06, a gain of 2 cents with 3,296 units exchanged.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, 1834 Investments, Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Ciboney, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, junior market, Kingston Wharves, Mayberry Investments, National Commercial Bank, Pan Jamaican, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Supreme Ventures, Trading Activity

26 JSE stocks rise & 11 fall – Wednesday

February 8, 2017 by IC Insider.com

Jamaica Stock Exchange jumped to a 52 weeks’ high of $12 on Wednesday.

Stocks climbed more moderately on Wednesday to new record high on the Jamaica Stock Exchange than it did on Tuesday, in continuation of a comfortable ride to 265,000 points mark, the next area of potential major resistance for Jamaica’s main market.
The market closed Wednesday, as 49 securities changed hands in the overall market, ending with 26 stocks rising and 11 falling, including 16 stocks gaining and 3 declining, in the junior market while 14 securities ended at new 52 weeks’ closing highs.
The All Jamaica Composite Index gained 714.88 points to close at record 249,482.23, the JSE Market Index rose 639.22 points to finish at record close of 227,455.97 and the JSE combined index increased by 601.83 points, to close at new closing high of 242,075.11. The movement of the main market, for the year to date, resulted to gains of 18.5 percent, for the all Jamaica Composite Index, with the JSE Market Index up 18.7 percent. The moves in the indices are subject to change as the stock exchange daily postings indicate that there are errors in the reports since the new trading system was activated on Monday.
At the close, 20,631,314 units valued at $265,917,085 changed hands, compared to 10,455,555 units valued at $80,043,145 changing hands on Tuesday. Of the stocks traded, the junior market accounted for 11,553,647 units, valued at $90,755,608.

The average trade for the day in the main market ended at 355,210 shares compared to an average of 265,989 units on Tuesday. For the month to date, an average of 176,182 shares compared to an average of 188,966 units up to the prior trading day. January ended with an average of 592,602 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 12 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Barita Investments gained 20 cents to close at a 52 weeks’ high of $7.70 with trades of 5,000 units, Berger Paints slid $1.25 trading 12,851 shares to close at $10.25, Cable and Wireless traded 387,604 units, losing 2 cents to close at $1.17, Caribbean Cement closed at $32 with an exchange of 49,185 shares. Carreras traded 8,310 units, gaining 45 cents and closed at $66.75, investors pushed 1834 Investments 20 cents higher to close at $1.70 while trading 299,625 shares, Grace Kennedy closed at $40.65 with trades of 71,840 units. Jamaica Broilers advanced 50 cents trading 57,050 shares, to close at 52 weeks’ high of $16, Jamaica Producers gained $1, closing at a 52 weeks’ high of $19.50 with 83,700 units changing hands, Jamaica Stock Exchange jumped to a 52 weeks’ high of $12 for a gain of $4 with 700 shares traded. JMMB Group climbed $2.20 to close at a 52 weeks’ high of $20 with 2,713,535 units traded, Kingston Wharves fell to $30, losing $4 with trades of 6,829 units, Mayberry Investments exchanged 167,236 shares at $5.90, National Commercial Bank advanced $2.80, closing at $65, after swapping 11,046 shares.

Jamaica Broilers closed at a 52 weeks’ high on Wednesday

138 Student Living traded 5,400 units at $4.50, Pulse Investments lost 9 cents to close at $7 with 76,800 units changing hands. Radio Jamaica exchanged 469,076 units at $1.50, Sagicor Group gained $2 and closed at $33 with trades of 30,375 units, Sagicor Real Estate fund lost 3 cents to close at $10.20 with an exchange of 3,600,00 units and Scotia Group ended trading with a loss of $2 to close at $44, having traded 241,678 shares. Scotia Investments gained 50 cents, after trading 3,000 units and closed at a 52 weeks’ high of $36. Supreme Ventures lost 20 cents to close at $5.50 with 100,349 shares traded, Proven Investments traded 552,539 ordinary shares to close at 31 US cents, after trading at a 52 weeks’ intraday high of 35 US cents, JMMB Group 7.5% preference share, closed at $1.10 with 90,600 units being exchanged and JPS 9.5 preference share traded 33,242 units at $1,276.50 after falling by $6.50.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, 1834 Investments, Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, junior market, Kingston Wharves, Mayberry Investments, National Commercial Bank, Pan Jamaican, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Supreme Ventures, Trading Activity

Paramount exits TOP 5 overvalued stocks

January 16, 2017 by IC Insider.com

Paramount

Paramount Trading is out of the TOP 5 junior stocks to avoid, even as it just reported reduced profits for both the first and second quarters of 2017 fiscal year. Second quarter earnings slipped from $47 million to $37 million and for the year to date, it fell from $89 million to $52 million.
Iron Rock Insurance entered the junior list as operating results fall behind forecast.
There seems to be little rationale for Cargo Handlers to be selling at a PE of 35 based on estimated 2017 earnings and worse 51 times 2016 earnings. The stock is selling well in excess of the average market and the next highest valued in the junior market, Honey Bun that is at a PE of 21, based on 2016 earnings but a more moderate 14 times projected 2017 earnings.
It not surprising that Cargo Handlers heads the list of most overvalued stocks on both the main and junior market, followed by Kingston Wharves and 138 Student Living.

Iron Rock projected losses in the prospectus for 2016 of $30 million and a small profit of $3 million which includes foreign exchange gains of $7 million in 2018. Year to date losses to September last year, are running well ahead of the prospectus’ forecast with losses of $38 million with the September quarter’s losses ended at $14 million. More worrying is that projections of gross premium income of $169.36 million in 2016 rising to $414.97 in 2017 are well off what seems to be occurring in 2016 with results for the nine months showing gross premium of just $59 million well below forecast by $110 million. With all of this happening investors pushed the stock up to $4 for a premium above the listed price.

Filed Under: Buy Rated, Feature Stories, General Business News Tagged With: 138 Student Living, Cargo Handlers, Honey Bun, Iron Rock Insurance, Jamaica Stock Exchange, junior market, Kingston Wharves

JSE climbs sharply in morning session

November 25, 2016 by IC Insider.com

Trading on the Jamaica Stock Exchange resulted in the main market indices climbing sharply with a rise of $2 in the price of National Commercial Bank with just 1,000 shares changing hands, while junior market index inched up moderately.
ICI int -25-11-16 A total of 22 securities traded of which 10 advanced and only 3 fell, resulting in a volume of a mere 497,348 shares changing hands carrying a value of a $2,887,938 compared with 3,513,020 shares changing hands with a value of $22,530,339 on Thursday at 11:30 AM. The average number of shares traded, amount to 22,607units versus 26,142 units on Thursday.
At 10:45 am the all Jamaica Composite Index jumped 1,480.50 points to 194,907.23 the Jamaica Stock Exchange Market Index climbed 1,323.83 points to 178,343.83, the Jamaica Stock Exchange combined index surged 1,288.80 points to close at 190,099.49 and the junior market index rose5.95 points to end at 2,404.92.
In trading Cable & Wireless had 185,639 units changing hands at 75 cents, Jamaica Stock Exchange traded 34,094 shares at $5.50, Radio Jamaica had 102,700 units changing hands at $1.35 and 138 Student Living Jamaica had 60,400 units trading at $5.

Filed Under: JSE Combined, Stock Market Tagged With: 138 Student Living, Cable & Wireless, Daily Trading, Jamaica Stock Exchange, Jamaican stocks, junior market, National Commercial Bank, Radio Jamaica, Trading Activity

JSE indices up moderately

October 20, 2016 by IC Insider.com

Trading on the Jamaica Stock Exchange is off to a modest start on Thursday. Trading in junior market stocks has seen just 5 securities trading. Trading volume and values were down from Wednesday’s level with advancing stocks being beaten by declining ones.
The all Jamaica Composite Index rose 200.57 points to 185,419.96 the Jamaica Stock Exchange Market Index climbed 179.35 points to 166,840.20, the Jamaica Stock Exchange combined index gained 216.17 points to close at 179,187.30 and the junior market index inched up 4.85 points to 2,381.16.
At 10.45 am, a total of 22 securities traded, resulting in a volume of 893,707 shares changing hands carrying a value of $6,616,329, compared to 1,549,643 shares changing hands carrying a value of $11,650,702, on Wednesday.
The average number of shares traded amounts to 40,623 units compared to 55,344 on Wednesday. Market activity resulted in 7 stocks falling while the prices of 5 securities rose.
In trading activity JMMB Group traded 65,446 units at $13.66, Mayberry Investments have exchanged 50,000 units at $3.50, Sagicor Group traded 35,000 shares at $22.70, Proven Investments had 98,471 shares changing hands at 19.95 US cents. 138 Student Living traded 503,737 shares at $4.70

Filed Under: JSE Combined, Stock Market Tagged With: 138 Student Living, Daily Trading, Jamaica Stock Exchange, Jamaican stocks, junior market, Trading Activity

2 new highs for junior market

September 14, 2016 by IC Insider.com

The junior market rose moderately but three stocks traded at new highs in the morning session as Caribbean Cream hit $10.20 in trading just 4,823 shares and Blue Power traded at $21. tTech traded up to $6 with 48,521 unit. The advance decline ratio was positive at more than 2 to 1.
At 11:45 am 38 securities traded, resulting in a volume of just 3,624,650 shares carrying a value of $18.2 million changing hands compared to 2,159,587 shares carrying a value of approximately $2.16 million on Tuesday. The average number of shares traded amounts to only The 95,386 units compared to 79,985 units on Tuesday. The number of stocks falling are 8 while the prices of 18 securities rose as the market continues to consolidate.
138 Student Living traded 641,007 units and gained 20 cents to $4.70 and Lasco Financial Services trades 1,266,578 shares but fell down to $3.10 from $3.45 at the close on Tuesday.
The all Jamaica Composite Index gained 102.03 points to 177,425.60, the Jamaica Stock Exchange Market Index climbed 91.24 points to 159,691.81, the Jamaica Stock Exchange combined index rose 270.06 points to close at 171,561.63 and the junior market index rose 18.06 points to 2,284.16.