NCB & Scotia push Jamaican stocks hard

February 1, 2017 by

NCB jumped to a record high of $65 during trading on Wednesday.

Continued strong gains of National Commercial Bank and lesser gains in Scotia Group exerted upward pressure on stocks values, on the Jamaica Stock Exchange on Tuesday as 50 securities changed hands, 7 more than on Monday, both stocks traded at record prices during the day.
Overall market activity, ended with 22 stocks rising and 14 falling, including 12 stocks rising and 2 falling, in the junior market. At the close 4 securities ended at new 52 weeks’ closing highs and 6 trading at an intraday high while one traded, at an intraday 52 weeks’ low.
All major market indices jumped sharply, with the all All Jamaica Composite Index surging 3,907.49 points to close at 235,933.11, the JSE Market Index climbed sharply by 3,493.98 points to finish at 215,340.68 and the JSE combined index jumped 3,495.03 points, to close at 229,135.36. The movement of the main market, for the year to date, resulted to gains of 12.3 percent, for the all Jamaica Composite Index.
At the close, 10,945,066 units valued at $162,330,186 changed hands, compared to 15,833,084 units valued at $518,190,757 changing hands on Tuesday. Of the stocks traded, the junior market accounted for 2,831,925 units valued at $14,341,956.
The average trade for the day in the main market ended at 279,763 shares compared to an average of 384,180 units on Tuesday. 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 17 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Barita Investments gained 50 cents to close at $6.50 with 47,891 units changing hands, Berger Paints declined 45 cents and closing at $11.05 after trading 26,638 shares, Cable and Wireless lost 4 cents trading 513,643 units at $1.15, Caribbean Cement closed at $33.02 with an exchange of 26,700 shares. Carreras closed lower at $62.50, losing $4.25 with 569,635 units changing hands, the stock traded at a 52 weeks’ low of $60, earlier in the day, 1834 Investments lost 5 cents to close at $1.45 after trading 26,648 shares, Grace Kennedy had 18,034 units trading at $40, for a loss of 50 cents. Jamaica Broilers lost 10 cents to close at $15.30 with 78,129 shares changing hands, Jamaica Producers traded 51,690 shares, rising $1.50 to end at a 52 weeks’ closing high of $15, Jamaica Stock Exchange closed at $5.60 trading 573,360 shares, JMMB Group closed at $16.89, with a loss of 1 cent as 129,066 units traded. Kingston Wharves lost $1, ending at $32.99 and trades of 2,112 units, Margaritaville traded 52,619 shares at 27 US cents, Mayberry Investments gained 35 cents to close at $5.50 with 508,060 shares exchanged, after trading at an intraday high of $5.75, National Commercial Bank rose to a 52 weeks’ closing high of $64.99, after gaining $3.49 and swapping 76,727 shares.
Pan Jamaican lost 50 cents and closed at $30.50 with 20,195 units exchanged, Portland JSX traded 7,500 units with gains of 10 cents to close at $9.10, Pulse Investments gained 5 cents to close at $6 in trading 15,750 units, Radio Jamaica closed at $1.30 with 84,170 shares traded. Sagicor Group closed with 55,950 shares changing hands with a loss of 40 cents at $30.10 after it traded earlier at an intraday high of $31, Sagicor Real Estate fund gained 22 cents, closing at $10.22 and trading 14,328 units, Scotia Group ended trading at $38.61, gaining 61 cents with 771,110 shares changing hands. Scotia traded at an intraday high of $40. Scotia Investments also traded at an intraday 52 weeks’ high of $34.94 but closed trading with 980,950 units while losing $1.02, to close at $32, Sterling Investments closed at $15.60 with trades of 70,850 units, Supreme Ventures gained 20 cents after trading 1,790,979 shares to close at $5.30, Proven Investments traded 500,825 ordinary shares, adding 1 cent to close at a 52 weeks; high of 24 US cents and JMMB Group 7.5% preference share traded 1,090,382 units at $1.10.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Healthy 2017 gains for Jamaican stocks – Jackson

January 30, 2017 by

ISP now leads the top 10 stock predictions for the rest 2017 for junior market companies, according to John Jackson of IC Insider.com in his address to the JSE Capital Markets Conference, last week.
Jackson presented his TOP 10 listings of both junior and main market companies with Barita Investments heading the main market stocks, that should be the best performing stock for the rest of 2017.
“There are some potential good winners in the list. I am not saying that all will necessarily be winners but I expect to see some spectacular performances,” he told the conference at the Jamaica Pegasus Hotel in Kingston on Thursday.
Overall the price to earnings ratio (PE) for the junior market will climb but still offer value for money, he said.
“PEs at 20 times earnings will become the norm, once interest rates remain low. I am quite positive that they will. Based on what is happening now on the economic front, interest rates are going to go even lower, along with stability in the exchange rate,” he said.

Barita is one of the top IC Insider’s stock for growth over the next 12 months in the main market.

Few stocks however are trading at 30 and 40 times earnings. Those stocks need to be viewed with some amount caution with the average market PE well below these levels.
The gains in 2017 will come from strong earnings and investor demand pushing the price up even higher. Jackson said that the main changes in the market for 2016 over 2015 were the rising PE multiples.
“Things have substantially changed. The PE has risen with the average for the junior market at 15 and the main market is 11 to 12 times earnings based on 2016 earnings. It was about six times earnings a year ago,” he said.
The junior market has been running at roughly twice the pace of the main market. That has gone on for some time due to the fast growth nature of the junior companies, he said.

Filed Under: Buy Rated, JSE Combined, Stock Market Tagged With: , , , , ,

New record close for JSE majors

January 25, 2017 by

Scotiabank traded large volumes on Wednesday.

The main market of the Jamaica Stock Exchange, closed higher on Wednesday as advancing stocks were nearly twice as many as declining ones in the overall market.
The market enjoyed another day of good volumes, with values exceeding $237 million, as the market continues to trade above the $220,000 market for the fifth consecutive day.
The market closed with 45 securities changing hands, 19 stocks gained and 12 declined in the overall market, including 7 stocks rising and 7 falling, in the junior market. A total of 8 securities ended at new 52 weeks’ closing highs.
At the close the All Jamaica Composite Index gained 1,486.31 points to close at 215,646.20. The JSE Market Index rose 1,329.03 points to finish at 197,200.62 and the JSE combined index climbed 1,462.70 points to close at 211,694.92.
At the close with 13,315,100 units valued at $237,592,401 changed hands, compared to 10,692,647 units valued at $273,030,077 changing hands on Tuesday. Of the stocks traded, the junior market accounted for 6,155,150 units valued at $25,573,851.
The average trade for the day in the main market ended at 275,383 shares compared to an average of 360,513 units traded on Tuesday. An average of 467,399 units traded for the month to date, versus 659,416 units on the previous trading day. The average for the month of December ended at 549,379 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 17 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Barita closed at $5.75 after trading 100,000 shares, Berger Paints jumped $1 which pushed the price to a new closing high at $9.50 while trading 27,437 shares, Cable and Wireless ended with 96,651 units at $1.25, after gaining 5 cents, Caribbean Cement jumped $2.98 and traded 57,643 shares to close at $33.50. Carreras closed at $66.70 with a loss of 5 cents and 8,729 shares changing hands, 1834 Investments traded 50,000 units at $1.30, Grace Kennedy had 1,260 units trading to close at $40.50, Jamaica Broilers lost 23 cents and closed at $15.02 with 26,933 shares changing hands. Jamaica Producers traded 121,025 shares, gaining $1.80 to end at 52 weeks’ high of $11.80, Jamaica Stock Exchange traded 53,840 shares at $5.60, JMMB Group traded 623,532 units at $15.35 in gaining 4 cents, Kingston Properties closed at $8.50 with 18,435 units traded, Kingston Wharves ended up trading 30,000 units to close at $27.49, after losing 26 cents. National Commercial Bank swapped 134,201 shares to close at $52.60, Pan Jamaican lost 30 cents and closed at $29.65 with 11,923 units traded, Portland JSX gained 50 cents to close at $9.50 while trading 10,923 units. Pulse Investments traded 12,000 units, gaining 60 cents to close at a 52 weeks’ high of $4.95, Sagicor Group closed with 2,276,639 shares changing hands with a gain of 1 cent at $29.04, Scotia Group, with 3,010,131 shares changing hands, gained $1 to close at $37. Scotia Investments traded 2,091 units losing 50 cents to close at $32.50, Seprod traded 466,763 units and rose 30 cents to $29.80 and Supreme Ventures gained 11 cents in trading 10,371 shares to close at $5.21.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

Jamaican stock indices eased again on Friday

January 13, 2017 by

The main market of the Jamaica Stock Exchange, lost some more grounds at the close on Friday but the junior market hit a new closing high, even as advancing stocks beat out declining ones 2 to 1.
At the close the All Jamaica Composite Index , fell 208.15 points to close at 210,989.85 The JSE Market Index lost 186.11 points to finish at 193,037.02. Thanks to moderate gains in the junior market, the JSE combined index fell by a smaller 107.92 points to close of 207,369.22.
The market closed with 44 securities changing hands, 1stocks gained and 11 declined in the overall market, including 11 stocks rising and 5 falling, in the junior market.
At the close with 34,147,320 units valued at $169,240,005 changed hands, compared to 6,801,958 units valued at $105,007,240 changing hands on Thursday. Of the stocks traded, the junior market accounted for 1,879,103 units, changing hands, valued at $12,784,650.
The average trade for the day in the main market ended at 1,241,085, shares compared to an average of 242,331 units traded on Thursday. The average for the month to date, is 991,892 versus 742,670 units on the previous trading day, well below the average of 549,379 units, December ended with.
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 4 with lower offers.
In market activity, Barita Investments lost 17 cents, and ended trading 24,311 shares, to close at $6, Berger Paints traded 18,379 units at $6, Cable and Wireless ended with 603,857 units to end at $1.08, after gaining 10 cents, Caribbean Cement ended with a rise of 60 cents while trading just 15,154 shares to close at $36. Carreras recovered 75 cents and closed at $66.75 with 16,835 shares changing hands. 1834 Investments rose 4 cents to end at $1.32 with 102,524 units changing hands, Grace Kennedy had 3,256 units trading, with the price falling 20 cents, to close at $40.45. Jamaica Broilers declined by 50 cents and closed at $15 with 14,107 shares changing hands, Jamaica Producers traded 66,566 shares and rose by 9 cents to end at $9.50, Jamaica Stock Exchange in trading 67,603 shares, ended at $5.60, JMMB Group traded 23,852 units and gained 19 cents to end at $15.20. National Commercial Bank traded 30,975 shares to close at $52, 138 Student Living ended trading with 30,734,795 shares at $4.50, Portland JSX traded 12,922 units at $10.25 after falling 72 cents. Sagicor Group closed with 246,978 shares changing hands with a rise of 94 cents to end at $29.04, Scotia Group with 88,319 shares changing hands, rose 1 cent to close at $35.02, Scotia Investments with 24,440 units trading, ended at $31.50, Seprod traded 5,546 shares in closing at $30. Supreme Ventures traded 50,536 units to gain 29 cents to close at $5.40 and Proven Investments traded 11,998 ordinary share to close at 22 US cents.

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Cargo Handlers’ new high, topping seen

January 12, 2017 by

Cargo Handlers traded 6,618 units at a new high of $21 in early market activity but cracks may now showing in the price movements, with just over 69,000 units on offer at $21 and thin demand under $20.80. The PE of the stock is at a high 35 times 2017 estimated earnings placing it well ahead of the nearest other stock.
Market activity has been moderate so far and resulted in 26 securities traded at 10:45 am, compared to 31 on Wednesday. A total of 11 securities advanced and 7 declined, resulting in a volume of 1,790,982 shares changing hands, carrying a value of $22,912,791, compared of 10,271,602 shares changing hands, with a value of $18,345,463 on Wednesday. The average number of shares traded, amount to 68,884 units versus 331,342 units on Wednesday.
Market activity was helped by Barita Investments traded 112,000 between $5.55 and $6.17 after audited accounts showed a lower profit than was shown when the results were first released. Cable & Wireless trading 178,465 units trading up to 98 cents, Caribbean Producers trading 100,000 at $3.60, JMMB Group trading 1,077,076 shares up to $15
The all Jamaica Composite Index lost 518.88 points to 210,761.20, the Jamaica Stock Exchange Market Index fell 463.97 points 192,832.56 the Jamaica Stock Exchange combined index dipped 291.45 points to 206,945.11 and the junior market index rose 13.50 points to 2,736.66 just ahead of the 2,734.21 high point in early trading on Wednesday.

Filed Under: JSE Combined, Stock Market Tagged With: , , , , , , , , , ,

Jetcon & CWJ set for 2017 top spots

January 7, 2017 by

C&W set to be 2017 top stock from the main market.

By the end of 2017, the two top stocks on the Jamaica Stock Exchange is forecasted by IC Insider to be the 2016 listed Jetcon Corporation and previously battered Cable and Wireless that should be reporting good profits for the year.
In the just concluded week, Caribbean Cream (Kremi) and Lasco Financial that entered the IC Insider’s TOP 5 at the end of December, only spent one week in the list. Both stocks climbed during the past week with Lasco Financial moving up 18 percent to $3.67 and Caribbean Cream gained 14 percent to $8.55. Key Insurance rose 14 percent during the week and General Accident was up 7 percent.
Entering the TOP 5 for the first time, is Dolphin Cove, and returning is Jetcon Corporation at 4th and 5th spot, respectively. Investors have lost confidence in Dolphin Cove even as the company continues to produce decent results and having good prospects, with the major expansion in the tourism industry. Profit to September last year, was up 11 percent to $1.17 per share, exceeding the results for the entire 2015.
Jetcon reported in their September quarterly

Dolphin Cove moved into the IC Insider’s TOP 5 junior market stocks.

report that they “had another quarter of strong results with revenues climbing 86 percent over the September 2015 quarter, to $267 million and climbed 61 percent to $610 million for the nine months. Profit grew 275 percent to $35 million from $9 million in the September quarter, compared with the similar period in 2015 and is up 141 percent for the nine months period over the same period in 2015.” Profit for the nine months ended at $67 million and had exceeded the $40 million after tax, earned for the full year of 2015. In mid-September the company also reported that “subsequent to the Quarter, revenues continue be ahead of the same period for 2015 by approximately 70 percent,” suggesting that the final quarter should continue to reflect the robust performance seen in the earlier months. Jetcon is poised to be IC Insider’s top junior market stock for 2017, followed by ISP Finance, based on IC Insider’s forecast.
There were not much movement in the main market stocks during the week. Radio Jamaica moved out of the TOP 5, having gained in price during the week and is replaced by National Commercial Bank, at the number 5 position. The banking group is still selling cheaper than Scotia Group with earnings for the 2017 year to be released by the end of January. IC Insider is forecasting $8 per share earnings for 2017 with increased dividend payments around $3 per share, suggesting the stock has much room for growth. The number 1 main market stock is projected to be Cable & Wireless followed by Barita Investments. Last year this publication stated that Barita was the best main market stock back in September, it is now up by 93 percent since but has much more gains ahead with projected earnings of $1.75 for 2017.

Note: One of our writers is a director of two junior companies, Jetcon Corporation and Jamaican Teas. Connected parties to IC Insider.com may hold shares in companies commented on from time to time.

Filed Under: Buy Rated, Feature Stories, Stock Market Tagged With: , , , , , , , , , , , , , , , ,

Majors pull back for first time in 2017

January 5, 2017 by

Prices of stocks, on the main market of the Jamaica Stock Exchange, pulled sharply on Thursday, as the market closed with 42 securities changing hands of which 15 gained while 15 declined in the overall market, including 7 stocks rising and 5 falling, in the junior market.
At the close the All Jamaica Composite Index fell sharply 2,014.74 points, to close at 210,401.76. The JSE Market Index dropped 1,801.53 points to finish at 192,511.16. The JSE combined index pulled back 1,327.76 points to close at 205,435.54.
At the close with 2,993,596 units valued at $27,027,397 changed hands, compared to 3,784,854 units valued at $25,405,860 changing hands on Thursday. Of the stocks traded, the junior market accounted for 2,710,965 units changing hands, valued at $12,580,140.
The average trade for the day in the main market ended at 84,869 shares compared to an average of 70,171 units traded on Wednesday. The average for the month to date is 132,234 units and December ended with an average of 549,379 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 21 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Barita Investments slipped 50 cents while trading 19,334 shares to close at $6, Cable & Wireless gained 3 cents to close at 85 cents with 268,474 units trading, Caribbean Cement ended with a $1 loss while trading 1,259 shares at $33. Carreras closed at $66 with 6,348 shares changing hands, Investors traded 219,390 shares of 1834 Investments to close with a fall of 2 cents at $1.20, Grace Kennedy fell 9 cents to close at $40.40 with 167,066 shares changing hands. Jamaica Broilers gained 10 cents and closed at $14.6 with 19,700 shares changing hands, Jamaica Producers shed 10 cents to end at $9.40 with 4,490 units trading, Jamaica Stock Exchange gained 4 cents in trading 14,215 shares, to end at $5.56. JMMB Group traded 52,800 units and added 10 cents to end at $14.70, Kingston Wharves slipped $2 and traded 42,898 shares at $20, Mayberry Investments gained 5 cents to end at $4.80 with 1,721 shares changing hands. National Commercial Bank traded 6,836 shares with a gain of $1.25 to close at $51.50. The closest offer for NCB is at $54.80 to sell 18,500 units, PANJAM Investment traded 35,107 shares and shed $1 to close at $26.50. Portland JSX gained 5 cents in trading 45,400 units at $11, Pulse Investments traded 19,715 shares at $4, Radio Jamaica lost 2 cents to close at $1.26 after 388,684 shares changed hands, Sagicor Group closed with 227,944 shares changing hands at $29.04. Sagicor X Fund ended with 250,230 units trading, with a gain of 30 cents to close at $10.50. Scotia Group with 16,835 shares changing hands and closed with a fall of $3.30 at $35, Scotia Investments lost $1.50 with 13,874 units trading, to end at $28, Proven Investments ordinary share traded 74,000 units at 22 US cents and JMMB Group 7.5 percent preference share traded 300,000 units $1.08.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , ,

Jamaican stocks push higher Wednesday

January 4, 2017 by

Bulls are at large in down town Kingston.

Prices of stocks, moved mostly higher on the main market of the Jamaica Stock Exchange, to close at an all-time high on Wednesday, but with more modest gains in the indices than for the two previous trading days.
At the close the All Jamaica Composite Index gained 204.60 points, to close at 212,416.50. The JSE Market Index climbed 182.94 points to finish at 194,312.69.
The JSE combined index rose 211.15 points to close at 206,763.30.
Market activity ended with 36 securities changing hands. At the close, the prices of 13 stocks gained while 15 declined in the overall market, including 7 stocks rising and 5 falling, in the junior market.
At the close with 3,784,854 units valued at $25,405,860 changed hands, compared to 7,231,425 units valued at $86,467,161 changing hands on Thursday. Of the stocks traded, the junior market accounted for 2,710,965 units changing hands, valued at $12,580,140.
The average trade for the day in the main market ended at 70,171 shares compared to an average of 289,026 units traded on Tuesday. The average for the month to date is 179,598 units and December ended with an average of 549,379 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 16 stocks with bids higher than their last selling prices and 7 with lower offers.
In market activity, Barita Investments rose by 50 cents while trading 57,000 shares at a new high of $6.50, Berger Paints ended with 46,842 units changing hands at $5.80, Cable & Wireless lost 1 cent to close at 82 cents with 667,394 units trading, Caribbean Cement ended with a $1 rise while trading 3,915 shares at $34. Carreras fell 40 cents to close at $66 with 28,450 shares changing hands, Grace Kennedy gained 49 cents to close at $40.49 with 79,915 shares changing hands. Jamaica Broilers gained 35 cents and closed at $14.50 with 153,977 shares changing hands, Jamaica Producers gained 10 cents to end at $9.50 with 27,639 units trading, Jamaica Stock Exchange lost 8 cents in trading 221,631 shares, to end at $5.52. JMMB Group traded 14,000 units and lost 39 cents to end at $14.60, Kingston Wharves slipped 3 cents and traded 5,215 at $22, Mayberry Investments lost 5 cents to end at $4.75 with 4,080 shares changing hands. National Commercial Bank traded 10,664 shares with a gain of 25 cents to close at $50.25. PANJAM Investment traded 6,808 shares and shed $1 to close at $26.50. Radio Jamaica rose 3 cents to close at $1.28 after 15,565 shares changed hands, Sagicor Group gained 4 cents and closed with 7,845 shares changing hands at $29.04, Sagicor X Fund ended with 5,600 units trading, with a loss of 30 cents to close at $10.20. Scotia Group with 10,568 shares changing hands and closed with a gain of $1.30 at $37, Scotia Investments gained 50 cents with 1,000 units trading, to end at $30, Supreme Ventures traded 67,975 shares and lost 39 cents to end at $5.01, Proven Investments traded 50,294 ordinary shares traded at an intraday 52 weeks’ high of 23 US cents but ended at 22 US cents and JMMB Group 7.5 percent preference share traded 383,717 units $1.08.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

AJI hits new high on Wednesday

January 4, 2017 by

The Jamaica Stock Exchange all Jamaica Composite Index climbed higher in early trading on Wednesday to beat yesterday’s record close as advancing stocks exceeded declining ones with Barita Investments, trading at a new high of $6.50 and Lasco Financial trading 1,379,710 shares at $3.55.
Market activity resulted in 31 securities traded at 10:45am, compared to 25 on Tuesday at 10:45 am. A total of 14 securities advanced and 9 declined, resulting in a volume of 2,248,154 shares changing hands, carrying a value of $19,672,487, compared 2,173,726 shares changing hands, carrying a value of $28,865,298 on Tuesday. The average number of shares traded, amount to 72,521 units versus 86,949 units on Tuesday.
The all Jamaica Composite Index rose 59.68 points to a record 212,271.58, the Jamaica Stock Exchange Market Index climbed 53.36 points to an all-time high of 194,183.11, the Jamaica Stock Exchange combined index jumped 122.79 points to a record high of 206,674.94 and the junior market index creep 7.14 to 2,588.56.

Filed Under: JSE Combined, Stock Market Tagged With: , , , , , ,

Jamaican stocks surge to record close

December 28, 2016 by

JSE inx 28-12-16 Prices surged on the main market of the Jamaica Stock Exchange, to close on Wednesday at a new closing high as the main market indices were up by more than 4,000 points. The market ended with the All Jamaica Composite Index climbing 23.5 percent for the year to date, the JSE market index gaining 25.6 percent and the Combined index rising 27.6 percent.
The All Jamaica Composite Index had sharp uptick of 4,561.30 points, to close at 206,750.96. The JSE Market Index surged 4,078.62 points to finish at 189,246.69. The JSE combined index jumped 3,991.66 points to close at 201,943.16.
Market activity ended with 36 securities changing hands. At the close, the prices of 13 stocks gained while 8 declined in the overall market, including 4 stocks rising and 3 falling, in the junior market.
At the close with 4,343,022 units valued at $31,074,893 changed hands, compared to 4,431,672 units valued at $71,950,263 changing hands on Thursday. Of the stocks traded, the junior market accounted for 2,545,501 units changing hands, valued at $2,533,304.
ICI JSE sum 28-12-16 The average trade for the day in the main market ended at 81,706 shares compared to an average of 167,153 units traded on Friday. The average for the month to date stands at 202,375 shares compared to an average of 323,045 units for the month up to Friday. November ended with an average of 208,466 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 13 stocks with bids higher than their last selling prices and 7 with lower offers.
Some notable stocks with bids above the last sale price are Kingston Wharves with a bid of $21 versus the last price of $20.01 Pan Jam with a bid of $27.50 versus the last price of $27 and Seprod with a bid of $29.80 with a last sale of $27.50.
In market activity, Barita Investments closed with a gain of 45 cents to $6 with 59,690 shares trading, Berger Paints traded 14,000 shares to end at $5.60, Cable & Wireless rose 2 cents to close at 72 cents with 98,075 units trading, Caribbean Cement ended with gain of $4.70 while trading 25,306 shares at $35.40. Ciboney traded 257,346 shares at 22 cents, Grace Kennedy closed at $41 with 7,900 shares changing hands, Jamaica Broilers closed at $14.08 with 7,515 shares changing hands, Jamaica Producers lost 30 cents to end at $8.85 with 968,280 units trading, ICI JSE fnqts 28-12-16Jamaica Stock Exchange fell 4 cents in trading 5,325 shares, to end at $5.55. Mayberry Investments fell 10 cents to end at $5.40 with 63,413 shares changing hands, National Commercial Bank rose 76 cents to end at $49.76 with 27,850 shares changing hands, PANJAM Investment traded 2,000 shares to close at $27. Pulse Investments traded 115,621 shares with a fall of 90 cents to close at $3, Radio Jamaica traded 80,000 shares to close at $1.22 after rising 2 cents, Sagicor Group closed with 8,250 shares changing hands at $30, Scotia Group with just 5,000 shares changing hands and closed with a gain of 99 cents at $34.99 and Proven Investments closed at 21.95 US cents up from 21.05 US cents, with 37,735 units changing hands.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , ,