1834 Investments

JSE ends May with mild losses

May 31, 2016 by IC Insider.com

Grace Kennedy traded at a new closing high of $115 on Tuesday.

The Jamaica Stock Exchange main market ended with Grace Kennedy ending trading at a 52 weeks’ closing high of $115 and also did Jamaica Producers. A total of 34 securities changed hands, accounting for 11,149,488 units valued at just $124,468,897, in all market segments. The junior market accounted for 2,620,512 shares valued at $7,902,418 of the overall trades.
Investors pushed the price of 15 stocks in the overall market up, 13 down, including 5 stocks rising and 5 declining, from the junior market. One stock in the junior closed at a 52 weeks’ high and two in the main market hit new 52 weeks’ highs at the close of trading.
The JSE Market Index fell 171.16 points to end at 156,561.77. The all Jamaica Composite Index lost 191.42 points to close at 173,925.02 and the JSE combined index declined 80.66 points, to close at 167,135.71.

IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 19 stocks with bids higher than their last selling prices and 9 with lower offers.
At the end of market activities, Barita Investments lost 39 cents and ended with 11,500 units trading at $3.10, Cable & Wireless rose 10 cents and closed at $1.48 after trading 731,284 units, Caribbean Cement traded 11,678 shares, fell $3 and closed at $23. Carreras had just 391 units trading, to close with a loss of 99 cents at $64.01, Ciboney Group rose 2 cents with 22,000 units trading to end at 23 cents. The price of 1834 Investments rose 3 cents to end at $1.14, as 5,000 units changed hands. Grace Kennedy climbed $4 in trading 2,710 units, to end at a 52 weeks’ closing high of $115, Jamaica Producers traded 1,425 shares and added 10 cents to close at a 52 weeks’ high of $40.10, JMMB Group traded 4,057,219 units after losing 39 cents, to close at $9.60. National Commercial Bank traded 55,076 shares, to close at $40.25 after gaining by 25 cents,

Pulse Investments traded at $3.10 having slipped 10 cents with 5,836 units changing hands, Radio Jamaica rose 10 cents and closed trading 203,603 shares at $1.45, Sagicor Group lost 10 cents with 3,106,094 shares changing hands at $22.80. Sagicor Real Estate Fund traded 32,891 shares at $10.12, Scotia Group fell $1.55 to close at $31, as 12,804 units changed hands. Seprod gained 45 cents to close at $16.95 as 53,450 shares changed hands. Sterling Investments traded 39,150 units with a loss of 45 cents at $11.50, Supreme Ventures rose 5 cents in trading 33,532 units to close at $4.70 and Jamaica Money Market Brokers 7.50% preference share traded 137,702 units at $2.10.

JSE starts week with gains

May 30, 2016 by IC Insider.com

Grace Kennedy closed at a new 1 year high

The Jamaica Stock Exchange main market ended with Grace Kennedy trading at a 52 weeks intraday high of $120 but ended at a 52 weeks’ closing high of $111. The last time the stock traded so high, was March 2015, but the stock is still priced below the all-time high of $123, reached in February of that 2015.
A total of 32 securities changed hands, accounting for 3,191,366 units valued at just $23,420,615, in all market segments. The junior market accounted for 829,940 shares valued at $2,963,453 of the overall trades.
Investors pushed the price of 13 stocks in the overall market up, 7 down, including 3 stocks rising and only 2 declining, from the junior market as two stocks in the main market hit new highs.
The JSE Market Index gained 861.29 points to end at 156,732.93. The all Jamaica Composite Index rose 963.24 points to close at 174,116.44 and the JSE combined index climbed 805.29 points, to close at 167,216.37.

IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 13 stocks with bids higher than their last selling prices and 4 with lower offers.
At the end of market activities, Barita Investments gained 43 cents and ended with 16,800 units traded at $3.49, Berger Paints rose 5 cents in trading 95,000 shares at $4.45, Cable & Wireless rose 3 cents and closed at $1.38 after trading 236,243 units, Caribbean Cement traded 35,680 shares, gained $1 and closed at $26. Carreras had 10,090 units trading, to close at $65, Ciboney Group had 305,937 units trading at 21 cents, the price of 1834 Investments rose 1 cent to end at $1.11, as 12,161 units changed hands. Grace Kennedy climbed $1 in trading 24,384 units, to close at a 52 weeks’ high of $111, after trading at an intraday 52 weeks’ high of $120. Jamaica Broilers lost 40 cents in trading 19,082 units to end at $14.10. Jamaica Producers traded 2,460 shares at $40, Mayberry Investments rose by 50 cents with just 1,020 shares changing hands at $4, National Commercial Bank traded 22,803 shares, to close at $40.

Pan Jamaican Investment Trust went ex-split today with the bid at $24.24 at the close, to buy 18,000 units, but there was no stock on offer, Radio Jamaica closed trading with 86,158 shares at $1.35, Sagicor Group ended with 75,180 shares changing hands at $22.90. Sagicor Real Estate Fund traded 158,156 shares at $10.12, Scotia Group fell 15 cents to close at $32.55, as 27,141 units changed hands. Supreme Ventures lost 22 cents in trading 359,687 units to close at $4.65, Proven Investments added 3 cents in trading 286,857 shares at 19.99 US cents, JMMB Group 7.50% preference share had 92,900 units changing hands at $1.04 and Jamaica Money Market Brokers 7.50% preference share traded 490,000 units at $2.10 but of these stocks losing 1 cent.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, 1834 Investments, Barita Investments, Berger Paints, Cable & Wireless, Caribbean Cement, Ciboney Group, Daily Trading, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Stock Exchange, JMMB Group, Kingston Wharves, Mayberry Investments, National Commercial Bank, Proven Investments, Sagicor Group, Sagicor Real Estate X Fund, Scotia Group, Supreme Ventures, Trading Activity

Shameful, does the JSE care?

May 28, 2016 by IC Insider.com

1834 Investments, (formerly The Gleaner Company Limited) advised the Jamaica Stock Exchange that the Audited Annual Financial Accounts for March, 2016 will be late and unavailable for publication by May 30, 2016. 1834 anticipates that it should be available for publication on or before June 30, 2016.
This is bad news for investors and bad news for the capital market. Both the Stock Exchange and the Financial Services Commission who overseas such matters should hang their heads in shame for such failure that have deprived investors of getting important financial information on the company’s operations for more than 8 months.
In the past several companies have changed their year end, as recently as late last year Desnoes & Geddes and Access Financial changed their but provided investor with results for all relevant quarters, but the Gleaner Company who changed theirs to March from December did not do so. Regulators of the Stock Exchange gave some clumsy excuse why they could not ask for the December quarter results.
The rules of the Stock Exchange are quite clear, listed companies are required to submit a quarterly interim financial report within 45 days of each quarter. In the case where a company opts to release an audited account within 60 days of the year-end, they can opt in lieu of a quarterly report within 45 days.
The focus is on reporting quarterly, that comes before the audited. What seems to escape the regulators at the Exchange is that investors are kings and queens and they are to one to be foremost in the minds of the regulators to ensure that their investment is protected. One of the main means is timely financial information. If the exchange understood this they would have ensured that the Gleaner Company would be demanded to release the December results within 45 days.
Based on the exchange’s inadequate surveillance we now have a situation where the Gleaner Company (now 1834 Investments) have not reported financial for what looks like 6 months and who knows when it will release the information.
Markets thrive on information and that is the reason why the JSE opted long ago to the publication of quarterlies rather than a six months interim and it has served investors well.

Filed Under: Company News, Company Results Tagged With: 1834 Investments, Access Financial, Desnoes & Geddes, Financial Services Commission, Gleaner Company, Jamaica Stock Exchange

18 JSE stocks up 9 down on Friday

May 27, 2016 by IC Insider.com

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Grace Kennedy closed at a 52 weeks’ high of $110 on Friday .

The Jamaica Stock Exchange main market ended with moderate trading but had two stocks closing at 52 weeks’ highs with Grace Kennedy closing at $110 and Kingston Properties ended at $10. A total of 40 securities changed hands, accounting for 5,742,422 units valued at just $30,005,364, in all market segments. The junior market accounted for 1,336,391 shares valued at $9,501,843 of the overall trades.
Investors pushed the price of 18 stocks in the overall market up, 9 down, including 10 stocks rising and only 1 declining, from the junior market as two stocks in the main market hit new highs.
The JSE Market Index surged 1,803.62 points to end at 155,871.64. The all Jamaica Composite Index rose 2,017.11 points to close at 173,153.20 and the JSE combined index climbed 1,971.51 points, to close at 166,411.08.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 13 stocks with bids higher than their last selling prices and 4 with lower offers.

At the end of market activities, Cable & Wireless closed at $1.37 after trading 74,150 units, Caribbean Cement traded 9,295 shares and closed at $25, Carreras fell $1.44 with 36,517 units trading to close at $65, the price of 1834 Investments remained unchanged at $1.10 as 23,335 units changed hands. Grace Kennedy jumped $10 in trading 5,070 units, to close at a 52 weeks’ high of $110, Jamaica Producers traded 2,500 shares at $40, Kingston Properties traded 9,795 shares to end at a 52 weeks’ high of $10, Kingston Wharves fell 25 cents and closed with 2,782 shares changing hands at $11.55. Mayberry Investments lost 45 cents with 8,424 shares changing hands at $3.50, National Commercial Bank traded 29,953 shares, to close at $40 after losing 25 cents. Pulse Investment traded 5,600 shares and gained 10 cents to close at $3.20,

Radio Jamaica gained 2 cents in trading 73,776 shares at $1.35, Sagicor Group rose 40 cents and ended with 56,021 shares changing hands at $22.90. Sagicor Real Estate Fund traded 83,944 shares at $10.12, Scotia Group jumped $1.70 to close at $32.70, while 14,350 units changed hands, Seprod traded 1,343 shares with the price falling 49 cents to $16.50. Sterling Investments closed at $11.95 in the main market with 10,000 shares trading, while the 20,000 shares traded in the US dollar market at 11 US cents. Supreme Ventures closed at $4.87 with 37,960 shares changing hands, after losing 28 cents, Proven Investments lost 3 cents in trading 209,562 shares at 17 US cents and Jamaica Money Market Brokers 7.50% preference share, traded 3,671,900 units at $2.11.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 1834 Investments, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Grace Kennedy, Jamaica Broilers, Jamaica Stock Exchange, Jamaican Stock, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, National Commercial Bank, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Supreme Ventures, Trading Activity

21 JSE stocks rose 8 declined on Wednesday

May 25, 2016 by IC Insider.com

Jamaica Producers jumped $5.01 to a new high on Wednesday

The Jamaica Stock Exchange main market ended with two new 52 weeks’ high as Grace Kennedy closed at $92 and Jamaica Producers traded up to $40 with the announcement of a 5 for stock bonus to be considered at its upcoming annual General meeting. The junior market saw Cargo Handlers trading at a new all-time high at the close. The market closed with 39 securities changing hands, accounting for just 4,021,654 units valued at $52,808,843, in all market segments.
The junior market accounted for 2,139,183 shares valued at $12,635,596 of the total level traded.
Investors pushed the price of 21 stocks in the overall market up, 8 down, including 5 stocks rising and 4 declining, from the junior market as two stocks in the main market hit new highs.

The JSE Market Index moved up 1,243.66 points to end at 153,304.61. The all Jamaica Composite Index rose 1,390.88 points to close at 170,282.32 and the JSE combined index climbed 1,481.01 points, to close at 164,013.11.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 15 stocks with bids higher than their last selling prices and 6 with lower offers.
At the end of market activities, Berger Paints traded only 431 shares but rose 12 cents to close at $4.50, Cable & Wireless closed with a 9 cents gain at $1.37 after trading 52,700 units, Caribbean Cement traded 12,575 shares and gained 99 cents and closed at $24.99, Carreras fell 20 cents with 32,147 units trading to close at $65. Ciboney traded 98,000 units and gained 2 cents to close at 18 cents. The price of 1834 Investments gained 9 cents to close at $1.10, with 25,886 units trading, Grace Kennedy traded 1,022 units and gained $1 closed at $92, Hardware and Lumber traded 10,704 shares to rise by $2.50 to $18.50, Jamaica Broilers lost 20 cents to end at $14.40 while trading 26,842 shares. Jamaica Producers jumped $5.01 in trading 76,138 shares at $40, Kingston Wharves closed with a rise of 28 cents to close at $11.80, after trading 2,728 units. National Commercial Bank traded 14,487 shares, to close at $40.25. JSE mn fn qts 25-5-16

Pan Jamaican Investment closed trading at $121 as 18,273 shares changed hands, Radio Jamaica lost 1 cent in trading 5,000 shares at $1.31, Sagicor Group rose by 20 cents and ended with 1,270,216 shares changing hands at $22.50. Sagicor Real Estate Fund traded 15,542 shares and ended at $10, Scotia Group rose 50 cents to close at $30.50, while 43,041 units changed hands, Seprod traded 14,202 shares with the price rising 15 cents to $16.90. Supreme Ventures closed at $5.15 with 112,186 shares changing hands, after losing 9 cents and Proven Investments preference share, traded 24,509 units at $5, with a loss of 2 cents.

Filed Under: JSE Main Market, Stock Market Tagged With: 1834 Investments, Berger Paints, Cable & Wireless, Cargo Handlers, Caribbean Cement, Carreras, Ciboney, Daily Trading, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican Stock, Kingston Wharves, National Commercial Bank, Pan Jamaican, Proven Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Supreme Ventures, Trading Activity

JSE loses ground on Tuesday

May 24, 2016 by IC Insider.com

Grace traded at a new 52 weeks’ high on the JSE Tuesday.

Trading volumes remained low on the Jamaica Stock Exchange on Tuesday as the main market lost much ground in trading after closing for the Labour Day holiday on Monday. The market closed with 34 securities changing hands, accounting for just 2,901,288 units valued at $53,144,793, in all market segments. The junior market accounted for 912,528 shares valued at $4,482,547 of the total level traded.
Investors pushed the price of 13 stocks in the overall market up, 13 down, including 4 stocks rising and 6 declining, from the junior market as two stocks in the main market hit new highs.
The JSE Market Index moved down by 1,629.32 points to end at 152,050.95. The all Jamaica Composite Index declined by 1,822.18 points to close at 168,891.44 and the JSE combined index dropped 1,945.68 points, to close at 162,532.10.

IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 17 stocks with bids higher than their last selling prices and 4 with lower offers.
At the end of market activities, Cable & Wireless closed at $1.28 after trading 14,655 units, Caribbean Cement traded 100,000 shares and fell $2 and close at $24, Carreras gained 69 cents with 69,370 units trading to close at $65.20. The price of 1834 Investments gained 2 cents to close at $1.01 with 89,139 units, Grace Kennedy traded 12,167 units to gain $1 and closed at $91. Jamaica Broilers closed with a rise of 39 cents to $14.60 while trading 2,600 shares, Jamaica Producers traded 98,860 shares at $34.99, after a loss of 1 cent, JMMB Group traded 156,747 shares but declined 43 cents to close at $9.50, Kingston Properties closed with a rise of $3.30, to a 52 weeks’ high of $9.80, after trading 3,000 units.

Margaritaville Turks traded 49,500 to end at 20 US cents, National Commercial Bank traded 82,360 shares, to close with a rise of 45 cents at $40.25. Pan Jamaican Investment fell back $1.70 to close trading at $121 but with 14,738 shares changing hands, Radio Jamaica rose 2 cents in trading 12,525 shares at $1.32, Sagicor Group ended with 963,187 shares changing hands, to end at $22.30. Sagicor Real Estate Fund traded 9,981 shares but ended with a loss of 15 cents at $10, Scotia Group closed at $30 while 249,275 units changed hands, Supreme Ventures closed at $5.24 with 19,300 shares changing hands, after gaining 24 cents and JMMB Group 7.5% preference share traded with 20,000 shares at $1.04 with a loss of 1 cent.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 1834 Investments, Cable & Wireless, Caribbean Cement, Caribbean Producers (CPJ), Carreras, Daily Trading, Grace Kennedy, Jamaica Broilers, Jamaica Stock Exchange, Jamaican Stock, JMMB Group, Kingston Properties, Margaritaville Turks, National Commercial Bank, Pan Jamaican, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Trading Activity

Sharp dip in JSE volume on Thursday

May 19, 2016 by IC Insider.com

Margaritaville Turks traded at a new 52 weeks’ high on Thursday.

Very low volumes characterised trading on the Jamaica Stock Exchange on Thursday. The market closed with 36 securities changing hands, accounting for just 1,557,618 units valued at $12,995,729, in all market segments. The junior market had 793,977 shares valued at $3,056,734 trading.
Investors pushed the price of 16 stocks in the overall market up, 11 down, including 3 stocks rising and 4 declining, from the junior market. The JSE Market Index moved up 13.42 points to end at 153,882.45. The all Jamaica Composite Index rose 15.01 points to close at 170,928.55 and the JSE combined index gained 44.21 points, to close at 164,532.54.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 12 stocks with bids higher than their last selling prices and 10 with lower offers.
At the end of market activities, Barita Investments ended with 20,617 units trading, to close at $3.05, with a fall of 45 cents, Berger Paints rose 10 cents with 5,389 shares to close at $4.38, Cable & Wireless gained 7 cents and closed at $1.33 after trading 227,698 units, Caribbean Cement traded 3,800 shares to close at $26. Carreras jumped $1.99 with 300 units trading to close at $66, Grace Kennedy traded 18,430 units to gain 90 cents and closed at $89, the price of 1834 Investments declined by 3 cents in trading 34,839 units to close at 99 cents, Jamaica Broilers closed with a rise of 14 cents at $14.64 while trading 13,182 shares. JSE mn fn qts 19-5-16

Jamaica Producers traded 2,000 shares at $35, Kingston Wharves loss 13 cents in trading 4,000 stock unit at $11.52, Margaritaville Turks traded just 200 shares and gained 2.5 cents to end at a record 20 US cents, National Commercial Bank traded 10,108 shares, to close with a rise of 14 cents at $39.99. Pan Jamaican Investment pulled back $3.94 to close trading at $121 with 3,969 shares changing hands, Radio Jamaica rose 15 cents in trading 33,600 shares at $1.27, Sagicor Group ended with 201,084 shares changing hands, and gained 30 cents, to end at $22.50. Scotia Group closed with a gain of $1.70 to end at $32.70 while 20,246 units changed hands, Seprod lost 50 cents and closed at $17.50 with 21,667 shares trading, Supreme Ventures closed at $5.39 with 41,000 shares changing hands after rising 59 cents and Proven Investments traded at 18 US cents with 21,329 shares.

Filed Under: JSE Main Market, Stock Market Tagged With: 1834 Investments, Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Grace Kennedy, Jamaica Broilers, Jamaica Stock Exchange, Jamaican Stock, JMMB Group, Kingston Wharves, Margaritaville Turks, Mayberry Investments, National Commercial Bank, Pan Jamaican, Proven Investments, Radio Jamaica, Sagicor Group, Scotia Group, Seprod, Supreme Ventures, Trading Activity

138SL dominates – Wednesday

May 18, 2016 by IC Insider.com

138 Student Living had 2 m ordinary shares trading on Wednesday

138 Student Living traded 1,992,000 shares and gained 50 cents to close at $5.50 to be the highlight of the trading day for the Jamaica Stock Exchange on Wednesday. The market closed with 37 securities changing hands, accounting for 5,484,901 units valued at $61,330,932, in all market segments. The junior market had 1,632,717 shares valued at $8,573,035 trading.
Investors pushed the price of 16 stocks in the overall market up, 11 down, including 8 stocks rising and 4 declining, from the junior market. The JSE Market Index moved up 445.09 points to end at 153,869.03. The all Jamaica Composite Index rose 497.77 points to close at 170,913.54 and the JSE combined index gained 233.84 points, to close at 164,488.33.
JSE Sum-18-5-16

IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 14 stocks with bids higher than their last selling prices and 6 with lower offers.
At the end of market activities, Cable & Wireless reacted negatively to news that there is no planned buy out of local shareholders and lost 16 cents and closed at $1.26 after trading 431,515 units, Caribbean Cement traded 621,000 shares to close at $26, Carreras traded 111,082 units with the price rising 41 cents to close at $64.01. Grace Kennedy rose 10 cents with 69,224 shares trading to close at $88.10, the price of 1834 Investments rose by 2 cents in trading 28,349 units to close at $1.02, Jamaica Broilers closed with a fall of 15 cents at $14.50 while trading 13,760 shares. Jamaica Producers traded 43,641 shares at $35, JMMB Group traded 7,330 shares at $9.80, for a 10 cents loss. Kingston Wharves traded 60,957 at $11.65, JSE mn fn qts 18-5-16

Mayberry Investments traded 61,305 shares at $3.99 after falling by a cent, National Commercial Bank traded 80,771 shares, to close with a rise of 10 cents at $39.85. Pan Jamaican Investment pulled back 6 cents to close trading at $124.94 with 25,981 shares changing hands, Radio Jamaica rose 2 cents in trading 11,920 shares at $1.12, Sagicor Group ended with 172,274 shares changing hands, but fell 80 cents, to end at $22.20. Scotia Group closed with a gain of $1 to end at $31 while 16,216 units changed hands, Supreme Ventures closed at $4.70 with 50,959 shares trading after rising 5 cents, Jamaica Money Market Brokers 7.5% preference share ended with 45,500 units trading at $2.11 after falling by 3 cents.

Filed Under: Company News Tagged With: 138 Student Living, 1834 Investments, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Stock Exchange, Jamaican Stock, JMMB Group, Kingston Wharves, Mayberry Investments, National Commercial Bank, Pan Jamaican, Radio Jamaica, Sagicor Group, Scotia Group, Supreme Ventures, Trading Activity

Proposed bonus pushes Jamaica Producers

May 17, 2016 by IC Insider.com

Jamaica Producers stock price pushed by proposed stock bonus

Jamaica Producers jumped $3 to $35 after trading at a new intraday high of $36.05 with 281,335 shares changing hands in response to the announcement by the company of a likely stock bonus issue for consideration at the upcoming annual general meeting. The Jamaica Stock Exchange closed with 43 securities changing hands, accounting for 8,944,638 units valued at $141,245,567, in all market segments. The junior market had only 1,770,629 shares valued at $9,957,555 traded.
Investors pushed the price of 14 stocks in the overall market up, 17 down, including 5 stocks rising and 6 declining, from the junior market.

The JSE Market Index jumped 172.33 points to end at 153,423.94. The all Jamaica Composite Index rose 192.72 points to close at 170,415.77 and the JSE combined index dropped 268.79 points, to close at 164,254.49.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 10 stocks with bids higher than their last selling prices and 5 with lower offers.
At the end of market activities, Berger Paints traded 20,000 units with the price rising by 3 cents to $4.28, Cable & Wireless lost 5 cents and closed at $1.42 after trading 1,292,404 units, Caribbean Cement traded 629,300 shares to close at $26 after rising $1. Carreras traded 20,000 units with the price falling 40 cents to close at $63.60, Grace Kennedy dropped $2 with 2,920 shares trading to close at $88. The price of 1834 Investments declined by 2 cents in trading 118,100 units to close at $1, Jamaica Broilers closed with a rise of 15 cents at $14.65 while trading 2,634 shares.

JMMB Group traded 439,275
shares at $9.90, for a 9 cents loss. Kingston Wharves traded 62,199 shares and fell 15 cents to $11.65, Margaritaville Turks traded 427,500 shares at 17.5 US cents after rising half a cent, National Commercial Bank traded 308,396 shares, to close with a loss of 25 cents at $39.75. Pan Jamaican Investment closed trading at $125 with 55,085 shares changing hands, Radio Jamaica traded 85,158 shares at $1.10, Sagicor Group ended with 2,464,160 shares changing hands, but gained 20 cents, to end at $23. Scotia Group closed at $30 while 293,780 units changed hands after dropping 50 cents, Supreme Ventures closed at $4.65 with 468,462 shares changing hands after rising 15 cents and JMMB Group 6% preference share ended with 185,730 units trading at $1.10 after rising 1 cent.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 1834 Investments, Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, JMMB Group, Kingston Wharves, Margaritaville Turks, National Commercial Bank, Pan Jamaican, Radio Jamaica, Sagicor Group, Scotia Group, Supreme Ventures, Trading Activity

Pan Jamaican jumps $22 – Thursday

May 12, 2016 by IC Insider.com

Pan Jam closed at a 52 weeks’ high of $120 on Thursday.

Pan Jamaican jumps $22 to a 52 weeks’ high of $120 against the back ground of low level of trading on the Jamaica Stock Exchange in the main market on Thursday, but the indices that slipped close to 1000 points in the first hour of trading recovered to suffer a mild declined at the end.
The market closed with 39 securities changed hands, accounting for 3,962,072 units valued at $115,119,749, in all market segments. The junior market accounted for 446,394 units of the shares traded, valued at $1,996,471. Investors pushed the price of 7 stocks in the overall market up, 15 were pushed down including 3 stocks rising and 6 declining, from the junior market.
JSE Sum-12-5-16

The JSE Market Index rose 438.46 points to end at 151,786.63. The all Jamaica Composite Index gained 490.37 points to close at 168,584.66 and the JSE combined index rose 410.50 points, to close at 163,122.18.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 13 stocks with bids higher than their last selling prices and 5 with lower offers.
At the end of market activities, Barita Investments traded 15,493 units for 1 cent higher at $3.45, Berger Paints traded 21,849 shares to rise 11 cents and closed at $4.25, Cable & Wireless gained 9 cents and closed at $1.49 after trading 1,349,000 units, Caribbean Cement traded 29,960 shares as the price dropped $1 to close at $25. Carreras traded 2,459 shares but fell 50 cents, to $63, the price for 1834 Investments remained at $1.02 after 65,877 shares were traded, Grace Kennedy fell $1 and closed at $84 with 1,021,582 shares changing hands, Jamaica Broilers ended at $14.55 while trading 6,600 shares with a gain of 5 cents. JMMB Group fell 35 cents in trading 5,477 shares to close at $9.50. JSE MM fn qts 12-5-16

National Commercial Bank fell 10 cents while trading 35,302 shares, to close at $39.75. Pan Jamaican Investment jumped $22, to a 52 weeks’ high of $120, with 3,120 shares changing hands, in response to the company announced a 5 for 1 stock split. Radio Jamaica traded 45,331 shares to end at $1.10. Sagicor Group ended with 45.000 shares changing hands and lost 40 cents to end at $22.50, Scotia Group closed at $31 while 272,996 units changed hands, Seprod traded 24,301 shares to close at $17, Supreme Ventures closed at $5.26 with 15,887 shares changing hands after losing 23 cents and Proven Investments traded 554,302 shares at 17.02 US cents.