JSE makes big jump on Thursday

June 2, 2016 by

Palace closed at a new high of $165 on Thursday.

Palace closed at a new high of $165 on Thursday.

The Jamaica Stock Exchange main market ended trading on Thursday with strong gains in the indices and with 3 stocks trading at a 52 weeks’ highs. A total of 40 securities changed hands, accounting for 59,895,323 units valued at $68,983,411, in all market segments. The junior market accounted for 57,317,961 shares valued at $35,653,893 of the overall trades.
The price of 17 stocks in the overall market rose, 18 declined, including 7 stocks rising and 8 declining, from the junior market as 5 stocks in all markets hit new highs.
The JSE Market Index gained 2,178.07 points to end at 159,593.54. The all Jamaica Composite Index jumped 2,435.88 points to close at 177,315.65 and the JSE combined index climbed 2,015.84 points, to close at 170,094.60.
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 6 with lower offers.
JSE sum 2-6-16At the end of market activities, Cable & Wireless closed with a loss of 3 cents at $1.45 after trading 227,677 units, Caribbean Cement traded 22,120 shares and declined by 70 cents closed at $23.30. Carreras had just 1,000 units trading, to close with a gain of 1 cent at $65.81, Grace Kennedy added 1 cent in trading 11,617 units, to close at $115. Jamaica Broilers lost 5 cents in trading 8,500 units to end at $14, Jamaica Producers traded 37,951 shares and gained 51 cents to end at a 52 weeks’ high of $41.50, JMMB Group traded 101,774 units as the price fell 29 cents to $9.70. Mayberry Investments had 52,040 shares changing hands and fell 50 cents to $3.50,JSE mm fn qts 2-6-16 National Commercial Bank traded 83,072 shares, to close with a gain of 11 cents at $41.10. Palace Amusement added $15 to close at 52 weeks’ high of $165 after trading 7,058 shares, Pan Jamaican Investment Trust traded 41,571 shares and fell 49 cents to $26.50 at the close, Radio Jamaica closed trading with 55,747 shares as the price rose 17 cents to a 52 weeks’ high of $1.92. Sagicor Group ended with 24,182 shares changing hands with a rise of 29 cents at $22.79, Sagicor Real Estate Fund lost 12 cents and traded 708,499 shares at $10, Scotia Group climbed $2.49 cents to close at $32.99, as 212,260 units changed hands, Seprod traded 69,500 units to end at $16.88. Proven Investments had 15,993 shares trading at 19.49 US cents, down from 19.99 US cents and Supreme Ventures lost 50 cents in trading 869,991 units to close at $4.50.

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JSE stocks hit new highs again – Wednesday

June 1, 2016 by

Pan Jam rose to new high after stock split.

Pan Jam rose to new high after stock split.

The Jamaica Stock Exchange main market ended with Jamaica Producers trading at a 52 weeks’ high of $41.50 and Pan Jamaican Investment after splitting the stock into 5 units, traded at a new high of $26.99. A total of 37 securities changed hands, accounting for 7,727,250 units valued at $131,569,573, in all market segments. The junior market accounted for 2,151,230 shares valued at $12,226,480 of the overall trades.
The price of 19 stocks in the overall market rose, 9 declined, including 7 stocks rising and only 3 declining, from the junior market as 2 stocks in the main market hit new highs.
The JSE Market Index gained 853.70 points to end at 157,415.47. The all Jamaica Composite Index rose 954.75 points to close at 174,879.77 and the JSE combined index climbed 943.05 points, to close at 168,078.76.
JSE sum 1-6-16 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 10 stocks with bids higher than their last selling prices and 4 with lower offers.
At the end of market activities, Berger Paints rose 4 cents in trading 20,300 shares at $4.49, Cable & Wireless closed at $1.48 after trading 77,437 units, Caribbean Cement traded 22,000 shares, gained $1 and closed at $24. Carreras had just 265 units trading, to close with a gain of $1.79 at $65.80, the price of 1834 Investments rose 1 cent to end at $1.15, as 213,749 units changed hands. Grace Kennedy slipped 1 cent in trading 1,933 units, to close at $114.99. Jamaica Broilers lost 15 cents in trading 19,428 units to end at $13.95, Jamaica Producers traded 1,074 shares and gained $1.40 to end at $41.50, JMMB Group traded 65,023 units as the price rose by 39 cents to $9.99. Mayberry Investments had 35,650 shares changing hands at $4, National Commercial Bank traded 13,492 shares, to close with a gain of 74 cents at $40.99. JSE mm Trdng Sht 1-6-16Pan Jamaican Investment Trust traded ex-split for the first time and jumped $2.75 to $26.99 at the close, with 3,787,537 units, the bulk of which were crosses, Radio Jamaica closed trading with 393,668 shares as the price rose 30 cents to $1.75, Sagicor Group ended with 48,484 shares changing hands with a loss of 30 cents at $22.50. Sagicor Real Estate Fund traded 175,863 shares at $10.12, Scotia Group fell 50 cents to close at $30.50, as 245,997 units changed hands. Scotia Investments rose 40 cents to close at $25.50, as 30,478 units changed hands, Seprod traded 235,333 units but fell 7 cents to end at $16.88, Sterling Investments had 173,979 shares trading at $11.50 and Supreme Ventures rose 30 cents in trading 3,900 units to close at $5.

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JSE ends May with mild losses

May 31, 2016 by

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

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.
JSE Sum-31-5-16 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 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,JSE mn fn qts 31-5-16Pulse 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.

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Cable & Wireless reports profit

May 31, 2016 by

CW flow hqCable & Wireless reports profit for the year ending March of $1. 2 billion, up from a loss of $8.9 billion in 2015. The company got help from net exceptional credit of $1.2 billion, even without this credit, the company made a small profit after finance cost but before taxation.
Importantly, C&W made an operating profit in the second half of the year of as Mobile revenues climbed by 22 percent.
The exceptional income stems from a reversal of $3.4 billion of restructuring cost written off in the 2015 fiscal year offset by employment restructuring cost in 2016. The company reports profit of $178 million in the March quarter compared with $486 million in the December quarter.
Revenues for the group rose moderately to $23 billion from $21.9 billion in the 2015 period while operating expenses fell to $15.8 billion from $17.4 billion but depreciation rose to $2.3 billion from $1.7 billion. Amortisation cost climbed to $1.1 billion from $848 million while finance cost remained fairly steady at $3.9 billion.
The company’s stock trades at $1.48 up 10 cents in the morning session from Monday’s closing price, on the Jamaica Stock Exchange today.

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Grace trades at $115 on JSE – Tuesday

May 31, 2016 by

Grace Kennedy hit $115 with a rise of $4 in trading on the Jamaica Stock Exchange in the early morning session on Tuesday with 1,150 shares changing hands, while Pan Jamaican Investment Trust bid is at $27 to buy 526 units with the stock on offer at $30. Honey Bun that trades ex split today has not yet trade with orders to buy still in at $19 and below with the ex split price being $3.80 and the highest price it can trade ta being $4.94 today.
ICI int sht 31-05-16Lasco Distributors had the largest volume traded for the morning of 260,000 units at $7.47 followed by Cable & Wireless with 199,074 shares at $1.38 and Jamaica Money Market Brokers 7.50% preference share with 137,702 units at $2.10.
Trading resulted in activity in 25 securities, accounting for a volume of 939,280 units as 6 stocks gained and 11 declined. The average number of shares traded amounts to 37,571 units compared to an average of 67,133 units on Monday.
After 75 minutes of trading in the early morning session, on Tuesday, the all Jamaica Composite Index fell 331.36 points to 173,785.08, the JSE Market Index lost 296.29 points to 156,436.64, the JSE combined index drifted down by 94.44 points, to 167,121.93 and the junior market index rose 17.59 points to 2,145.73.

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JSE starts week with gains

May 30, 2016 by

Grace Kennedy closed at a new 1 year high

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.
JSE Sum-30-5-16 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 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. JSE mn fn qts 30-5-16Pan 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.

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18 JSE stocks up 9 down on Friday

May 27, 2016 by

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

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.
JSE Sum-27-5-16At 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, JSE mn fn qts 27-5-16Radio 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.

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Palace jumped $55 on Thursday

May 26, 2016 by

Palace Amusement jumped $55 to end at a 52 week's high of $150.

Palace Amusement Company jumped $55 to end at a 52 week’s high of $150.

The Jamaica Stock Exchange main market ended with two new 52 weeks’ high as Grace Kennedy closed at $100 and infrequently traded cinema owners, Palace Amusement Company, traded up $55 to a new record high of $150. The junior market saw ISP Finance Services trading at a new all-time high at the close as well. The market closed with 39 securities changing hands, accounting for 5,686,085 units valued at just $41,894,236, in all market segments. The junior market accounted for 1,193,487 shares valued at $5,345,787 of the total level traded.
Investors pushed the price of 16 stocks in the overall market up, 10 down, including 5 stocks rising and 6 declining, from the junior market as two stocks in the main market hit new highs.
The JSE Market Index gained 763.41 points to end at 154,068.02. The all Jamaica Composite Index rose 853.77 points to close at 171,136.09 and the JSE combined index climbed 426.46 points, to close at 164,439.57.
JSE Sum-26-5-16 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 10 stocks with bids higher than their last selling prices and 2 with lower offers.
At the end of market activities, Cable & Wireless closed with a 9 cents gain at $1.37 after trading 2,156,546 units, Caribbean Cement traded 58,012 shares and gained 1 cent and closed at $25, Carreras rose $1.44 with 13,016 units trading to close at $66.44, Ciboney traded 161,517 units and gained 3 cents to close at 21 cents. Grace Kennedy jumped $8 in trading 3,985 units to close at a 52 weeks’ high of $100, Jamaica Producers traded 97,862 shares at $40, Kingston Wharves closed with 5,572 shares at $11.80, National Commercial Bank traded 268,497 shares, to close at $40 after losing 25 cents. Palace Amusement traded 1,950 shares and gained $55 to close at a 52 weeks high of $150,JSE mn fn qts 26-5-16 Pan Jamaican Investment rose 20 cents to close trading at $121 as 21,000 shares changed hands, Radio Jamaica rose by 2 cents in trading 66,216 shares at $1.33, Sagicor Group ended with 11,348 shares changing hands at $22.50. Sagicor Real Estate Fund gained 12 cents trading 948,689 shares and ended at $10.12, Scotia Group rose 50 cents to close at $31, while 51,927 units changed hands, Seprod traded 10,392 shares with the price rising 9 cents to $16.99. Sterling Investments lost 3 cents to close at $11.95 with 10,410 shares trading, Supreme Ventures closed at $5.15 with 24,700 shares changing hands, after losing 9 cents and Jamaica Money Market Brokers 7.50% preference share, traded 559,100 units at $2.11.

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21 JSE stocks rose 8 declined on Wednesday

May 25, 2016 by

Jamaica Producers jumped $5.01 to a new high on Wednesday

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.
JSE Sum-25-5-16rThe 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 25-5-16Pan 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.

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JSE loses ground on Tuesday

May 24, 2016 by

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

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.
JSE Sum-24-5-16r 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. JSE mn fn qts 24-5-16Margaritaville 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.

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