Cable & Wireless

Bulls tamed a bit still active on JSE

October 28, 2015 by IC Insider.com

Grace Kennedy traded at a new 52 weeks’ high of $70.

Cable and Wireless was the dominant trade on the Jamaica Stock Exchange on Wednesday as bulls continued their rampage and pushed the market to yet another record high of 144,941.37 points after adding 1,786.99 points on the all the all Jamaica Composite Index. The Jamaica telecom giant, traded nearly 8 million units, just under two thirds of the volume traded for the day.
A total of 13 stocks rose, 16 declined as 37 securities, totalling 12,318,211 units valued at $44,798,394 changed hands, in all market segments. A total of 6 stocks ended at 52 weeks’ closing highs and one at a 52 weeks’ low. The JSE Market Index shot up 1,599.02 points to 13,628.83, a new closing high. JSE combined index climbed 1,437.67, points to end at a new closing high of 134,837.57.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 8 stocks with bids higher than their last selling prices and 2 with offers that were lower.

In trading, Barita Investments trading for only the fifth time in October, lost 4 cents in trading 77,450 shares at $2.56, Berger Paints traded 58,499 shares to close at $3.40, Cable and Wireless closed with a gain of 4 cents as with 7,878,875 shares changed hands to end at 52 weeks’ high of $1.30. The stock traded between $1.25 and $1.50 with an average price of $1.44 and closed 1,850 units on the bid at $1.25 and with 63,000 shares on the offer at $1.30. Thursday’s trading could set the stage for the next few days of trading in the stocks. Caribbean Cement lost 49 cents to end at $18.01, with 12,658 shares changing hands. Cement closed with seven lots being offered amounting to just under 375,000 shares between mostly between $18.90 and $24, bids are 100,000 at $17.80 and 293,000 at $17.51, with the sellers having the upper hand currently. Carreras ended at with 9,664 share trading at $53 after. Desnoes & Geddes had 152,548 units changing hands to close at $30, Gleaner traded 150,833 shares at $1.86 for a 6 cents gain, Grace Kennedy exchanged 26,870 shares at $70 to close at a new 52 weeks High as the price gained $3.50, Jamaica Broilers traded 95,595 shares to close at $8.01. Jamaica Producers gained 10 cents to $20.70 with only 3,000 units in closing at a new 52 weeks high, Jamaica Stock Exchange also closed at a new 52 weeks high with 3,380 shares trading to end at $9.75, JMMB Group gained 10 cents in trading 107,923 shares to close at $9.85.

National Commercial Bank with 29,361 shares changing hands closed at $31.50, Pan Jamaican price traded 34,410 shares to end at $90, for a new 52 weeks’ high, Sagicor Group jumped 70 cents with 197,308 shares trading to close at a new 52 weeks’ high of $15. Sagicor Real Estate Fund traded 6,680 units as the price gained $1 to close at $11 for a 52 weeks’ high. Scotia Group ended with 74,384 shares trading closed at $26 after falling by 50 cents, Supreme Ventures ended at $3.81 with 78,000 units changing hands and lost 9 cents and Proven Investments ordinary share closed with a small loss 67,987 units traded to end at 23.98 US cents.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Cable & Wireless, Caribbean Cement, Desnoes and Geddes’, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, National Commercial Bank, Pan Jamaican, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group

Ambush Marketing be careful

October 28, 2015 by IC Insider.com

Danielle Stiebel, Associate , Myers, Fletcher & Gordon (MF&G), during her presentation on “Ambush Marketing”.

Ambush Marketing is seen as a clever marketing strategy, but it has negative effects that impede on the rights of sponsors and other corporations who are victims of such acts.
Ambush Marketing is “a promotional tactic designed to associate a company, product or service with a particular event, or to attract the attention of people attending the event, without payment being made for an official sponsorship”, attorney Danielle Stiebel of Myers Fletcher & Gordon (MF&G) said in delivering a presentation on “Ambush Marketing” at a Wednesday Morning Breakfast Seminar hosted by the Jamaica Chamber of Commerce (JCC) and MF&G recently at the New Kingston Conference Centre.
Stiebel cautioned that marketers while being creative in their campaigns must avoid infringing various event players’ rights. In like manner, she said that in order to safeguard against ambush, sponsors must prepare well drafted sponsorship agreements that adequately protect their rights and provide for sufficient remedies in the event of breach. She also emphasised the need for organisers/promoters to be more vigilant in protecting sponsorship rights through proper protective and enforcement measures.
Earlier this year there was an outcry by Cable & Wireless one of the major sponsors at Boys and Girls alethic championship in Kingston about ambush marketing by one of it’s competitors at the event raising awareness in the topic.

Filed Under: General Business News Tagged With: Ambush Marketing, Boys and Girls alethic championship, Cable & Wireless, Danielle Stiebel, Jamaica Chamber of Commerce, Myers

Bulls continue rampage on JSE

October 27, 2015 by IC Insider.com

After clearing the near 11 year record high set back in January 2005 on Monday on Jamaica Stock Exchange bulls continued their rampage and pushed the market on Tuesday to a new record high of 143,154 points after adding 2,959.73 points on the all Jamaica Composite Index.
A total of 24 stocks rose, 10 declined as 40 securities, totalling 6,809,889 units valued at $47,476,253 changed hands, in all market segments. A total of 12 stocks ended at 52 weeks’ closing highs and 3 traded at 52 weeks’ intraday high. The JSE Market Index shot up 2,648.39 points to 129,029.81, a new closing high. JSE combined index climbed 2,323.43, points to end at a new closing high of 133,399.90.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 12 stocks with bids higher than their last selling prices and 2 with offers that were lower.
In trading, Berger Paints traded 15,000 shares and gained 40 cents to close at $3.40 for a 52 weeks’ high, Cable and Wireless closed with a gain of 24 cents as with 338,626 shares changed hands to end at 52 weeks’ high of $1.26. The stock closed 76,499 units on the bid at $1.27 and with over 2,168,716 million shares on the bid at $1.26. Caribbean Cement gained $1 to end at $18.50 for a new 52 weeks’ closing high, with 193,583 shares changing hands. Cement closed with seven lots being offered amounting to just over 400,000 shares between $18.50 and $24. Carreras ended at 52 weeks’ high with 5,000 share trading at $53 after adding 98 cents, Ciboney Group traded 200,000 shares to end at 9 cents after gaining 1 cent. Desnoes & Geddes had 451,515 units changing hands to close at $30, Grace Kennedy exchanged 1,200 shares at $67.50 to close at a new 52 weeks High as the price gained $2.40, Jamaica Broilers traded 162,859 shares to close at $8.01. JMMB Group lost 45 cents in trading 115,050 shares to close at $9.75, Mayberry Investments traded 49,431 shares and gained 31 cents to end at a 52 weeks high of $3.81, National Commercial Bank rose 12 cents to end with 73,630 shares trading at $31.50. Pan Jamaican price traded 12,771 shares to end at $80, Pulse Investments traded 118,971 and close at 5 by gaining 4 cents, Sagicor Group lost 20 cents with 68,757 shares trading to close at $14.30. Sagicor Real Estate Fund traded 25,000 units as the price gained 80 cents to close at $10 for a 52 weeks’ high. Scotia Group ended with 125,411 shares trading closed at $26.50 after rising by 50 cents, Seprod traded 31,400 shares at $14.96, Sterling Investments traded 216,400 shares to close at $13, Supreme Ventures ended at $3.90 with 808,203 units changing hands and lost 10 cents. Jamaica Money Market Brokers 8.75% preference share, had 100,000 units changing hands at $2.70 and Proven Investments 8% preference share closed with a loss of 10 cents as 120,500 units traded to end at $4.95.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Cable & Wireless, Caribbean Cement, Ciboney, Desnoes and Geddes’, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Stock Exchange, Kingston Wharves, Mayberry Investments, National Commercial Bank, Pan Jamaican, Proven Investments, Pulse Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Supreme Ventures

All Jamaica at record high 140,195 points

October 26, 2015 by IC Insider.com

Add your HTML code here...

Cable & Wireless HQ – the stock traded at a new 52 weeks’ high on Thursday, Friday and Monday

The Jamaica Stock Exchange closed on Monday at a record high of 140,194.65 points after adding 2,684.37 points with 22 stocks rising, 7 declining as 37 securities, totalling 9,954,429 units valued at $35,061,223 changed hands, in all market segments. A total of 6 stocks ended at 52 weeks’ closing highs.
Today’s gain pushed the market well over the old record of 138,917.59 set on 24th of January 2005 and ends the longest period in the market’s history, that it failed to exceed a previous high. The all Jamaica Composite Index is the last of the JSE indices to hit new highs in October.
The JSE Market Index shot up 2,402.00 points to 126,381.42, a new closing high. JSE combined index climbed 2,317.79, points to end at a new closing high of 131,076.47.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 11 stocks with bids higher than their last selling prices and none with offers that were lower.
In trading, Berger Paints traded 295,658 shares and gained 25 cents to close at $3, Cable and Wireless closed with a gain of 20 cents as with 307,231 shares changed hands to end at 52 weeks’ high of $1.02. Trading in the stock was suspended for an hour as the as the trade was executed at 97 cents, a price in excess of 15 per cent from the closing price on Friday as investors continue to respond to the news that Liberty Global planned on making a bid to acquire Cable and Wireless’ parent company. The stock closed with over 4.33 million shares on the bid at $1.02 with 2.8 million units at $1 and five offers amounting to only 47,649 shares between $1.13 and $1.70 and at 3.3 million units at $30. Caribbean Cement gained $2.70 to end at $17.50 for a new 52 weeks’ closing high, with 170,368 shares changing hands. Investors were responding to the company’s reported earnings of 72 cents for the September quarter and $1.75 for the nine months. Cement closed with only two lots being offered, amounting to 13,000 shares at $19 and $24. Ciboney Group traded 5,358,999 shares to end at 8 cents after shedding 1 cent. Desnoes & Geddes had 413,169 units changing hands to close at $30, Grace Kennedy exchanged 1,621 shares at $65.10 and gained 35 cents, Jamaica Broilers lost 49 cents in trading 55,596 shares to close at $8.01. JMMB Group gained 30 cents in trading 101,850 shares to close at $10.20, Mayberry Investments traded 8,050 shares and gained 50 cents to end at $3.50, National Commercial Bank fell 62 cents to end with 7,356 shares trading to end at $31.38.Pan Jamaican price jumped $5 in trading 5,720 shares to end at a 52 weeks’ high of $80, Pulse Investments traded 200,000 and close at 61 by gaining 6 cents, Sagicor Group with 21,192 shares closed at $14.50. Sagicor Real Estate Fund traded 1,104 units but the price gained $1.05 to close at $9.20 and closed with a bid to buy 99,296 units at $9.20 and with only three offers posted with two at $10 to sell 25,000 units and 19,000 at $11, Scotia Group ended with 11,554 shares trading closed at $26 after rising $1.24. Seprod traded 20,700 shares at $14.96, Supreme Ventures ended at $4 with 308,224 units changing hands and gained 10 cents and Proven Investments ordinary traded 6,875 shares and fell 1.5 cents to end at 23 US cents.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Cable & Wireless, Caribbean Cement, Ciboney, Desnoes and Geddes’, Grace Kennedy, Jamaica Broilers, Jamaica Stock Exchange, Kingston Wharves, Liberty Global, Mayberry Investments, National Commercial Bank, Pan Jamaican, Proven Investments, Sagicor Group, Scotia Group, Seprod, Supreme Ventures

JSE gains with 9 stocks at 52 weeks’ high

October 23, 2015 by IC Insider.com

Cable & Wireless HQ – the stock traded at a new 52 weeks’ high on Thursday & on Friday.

The Jamaica Stock Exchange closed on Friday with 24 stocks rising, 6 declining as 39 securities, totalling 3,992,906 units valued at $54,025,781 changed hands, in all market segments. A total of 9 stocks ended at 52 weeks’ closing highs as the market closes on a another record for the all Jamaica Index.
The JSE Market Index shot up 952.69 points to 123,979.42, a new closing high. The JSE All Jamaican Composite index gained 1,064.69 to end at 137,510.28 and is 1,400 points away from the old record of 138,917.59 set on 24th of January 2005 and the JSE combined index climbed 1,055.98, points to end at a new closing high of 128,758.68.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 13 stocks with bids higher than their last selling prices and 2 with offers that were lower.
In trading, Cable and Wireless closed with a gain of 15 cents as with only 5,850 shares changed hands to end at 52 weeks’ high of 82 cents. Trading in the stock was suspended for an hour as the trade was executed at a price in excess of 15 per cent from the closing price on Thursday. Attempts were made to trade as high as $1 but those trades were cancelled, being over maximum 30 percent from the opening price permitted. Investors were responding to the news that Liberty Global Media planned on making a bid to acquire Cable and Wireless’ parent company. The stock closed with over 5.1 million shares on the bid at 82 cents and three offers amounting to 40,000 shares between $1.20 and $1.70 and at 2.66 million units at $3.75.

Caribbean Cement gained 82 cents to end at $15 for a new 52 weeks’ closing high, with 68,800 shares changing hands. The company reported earnings of 72 cents for the September quarter and $1.75 for the nine months and should enjoy another week of gains come next week. Cement closed with only three lots being offered amounting to 83,500 shares between $16.50 and $17. Carreras traded 242,083 shares to end at $52, Desnoes & Geddes had 177,539 units changing hands to close at $30, Grace Kennedy exchanged 1,621 shares at $65.10 and gained 35 cents, Jamaica Broilers added 70 cents in trading 625,083 shares to close at a 52 weeks’ high of $8.50. Jamaica Stock Exchange had 10,000 shares trading at $9.15 while the price rose 45 cents for a 52 weeks’ high, JMMB Group lost 10 cents in trading 220,241 shares to close at $9.90. Kingston Wharves traded 32,278 shares to close at $9, Mayberry Investments traded 17,435 shares and gained 14 cents to end at $3, National Commercial Bank closed with a gain of $1 with 290,955 shares trading to end at $32.

Pan Jamaican price jumped $2 in trading 95,000 shares to end at a 52 weeks’ high of $75, Sagicor Group with 73,795 shares closed 25 cents up, to $14.50. Sagicor Real Estate Fund traded 5,000 units but the price gained 5 cents to close at $8.15 and closed with a bid to buy 100,000 units at $9.20 and with only two offers posted with one at $10 to sell 16,000 units and 19,000 at $11, Scotia Group ended with 48,410 shares trading at $24.76 after falling 25 cents. Scotia Investments ended with 5,290 shares trading at $27 after adding $1, Supreme Ventures ended at $3.90 with 205,516 units changing hands. Jamaica Money Market Brokers 7.50% preference share traded 324,850 units at $2 and Proven Investments preference share traded 179,500 units and gained 5 cents to end at of $5.05.

Filed Under: Feature Stories, JSE Main Market Tagged With: Cable & Wireless, Caribbean Cement, Desnoes and Geddes’, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica Stock Exchange, Kingston Wharves, Liberty Global Media, Mayberry Investments, National Commercial Bank, Pan Jamaican, Proven Investments, Sagicor Group, Scotia Group, Scotia Investments, Seprod, Supreme Ventures

JSE closing on record for Jamaican stocks

October 22, 2015 by IC Insider.com

Cable & Wireless HQ – the stock traded at a new 52 weeks’ high on Thursday.

The Jamaica Stock Exchange closed on Thursday with the All Jamaican Index just under 2,500 points away from the old record 138,917.59 reached on 24th of January 2005.
By the close 4 stocks ended trading, at 52 weeks’ closing highs and Desnoes and Geddes traded during the day at intraday high of $30.25. A total of 14 stocks rose, with 10 declined as 29 securities, totalling 5,416,421 units valued at $103,069,379 changed hands, in all market segments. The JSE Market Index shot up 355.39 points to 123,026.73, the JSE All Jamaican Composite index gained 397.16 to end at 136,445.59 and the JSE combined index climbed 435.35, points to end at a new high of 127,702.70.

IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 12 stocks with bids higher than their last selling prices and 4 with offers that were lower.
In trading, Cable and Wireless closed with a gain of 5 cents as 368,000 shares changed hands to end at 52 weeks’ high of 67 cents, Caribbean Cement gained 38 cents to end at $14.18 for a new 52 weeks’ closing high, with 137,325 shares changing hands. Carreras fell 50 cents while trading 219,140 shares to end at $52, Desnoes & Geddes had 2,001,720 units changing hands, to close at $30, Grace Kennedy exchanged 63,262 shares at $64.75 to gain 19 cents, Jamaica Broilers lost 20 cents in trading 62,885 shares to close at $7.80, JMMB Group gained 55 cents in trading 231,000 shares to close at $10.

Kingston Wharves traded 13,300 shares to close at $9, National Commercial Bank closed with a loss of 60 cents with 259,300 shares trading to end at $31. Pan Jamaican price jumped $2 in trading 20,000 shares to end at a 52 weeks’ high of $72, Radio Jamaica traded 55,799 units but the price fell 50 cents to close at $3.50, Scotia Group ended with 61,695 shares trading at $25 after falling $1. Scotia Investments ended with 20,000 shares trading at $26, Proven Investments ordinary share traded 170,644 units with a loss of 0.50 cent to end at of 24.5 US cents and Supreme Ventures gained 15 cents and ended at $3.90 with 372,698 units changing hands.

Filed Under: JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Caribbean stocks, Desnoes and Geddes’, Emerging market, Grace Kennedy, Jamaica Broilers, Kingston Wharves, National Commercial Bank, New Frontier market, Pan Jamaican, Proven Investments, Radio Jamaica, Sagicor Group, Scotia Group, Scotia Investments, Seprod, Supreme Ventures

23 stocks rose on JSE Wednesday

October 21, 2015 by IC Insider.com

Pan Jam closed at a 52 weeks’ high of $70 on Wednesday.

The Jamaica Stock Exchange closed on Wednesday with the All Jamaican Index just under 3,000 points away from the old record 138,917.59 reached on 24th of January 2005. By the close 5 stocks ended trading at 52 weeks’ closing highs and 3 others traded during the day at intraday highs. A total of 23 stocks rose, with 4 declining as 34 securities, total ing 6,445,040 units valued at $52,398,293 changing hands, in all market segments.
The JSE Market Index shot up 1,005.41 points to 122,671.34, the JSE All Jamaican Composite index gained 1,123.61 to end at 136,048.43 and the JSE combined index climbed 915.07, points to end at a new high of 127,267.35.
IC bid-offer Indicator| At the end of trading, in the main and junior

markets, the Investor’s Choice bid-offer indicator had a reading of 13 stocks with bids higher than their last selling prices and 3 with offers that were lower.
In trading, Cable and Wireless closed with a gain of 6 cents as 2,942,811 shares changed hands to end at 61 cents, Caribbean Cement gained $1.79 to end at $13.80 for a new 52 weeks’ closing high, with 28,042 shares changing hands. Carreras climbed 50 cents while trading 24,317 shares to end at $52.50, Desnoes & Geddes had 610,451 units changing hands, to close at $30, Grace Kennedy exchanged 31,258 shares at $64.56 to gain 31 cents, Jamaica Broilers rose 46 cents in trading 105,833 shares to close at $8. Jamaica Stock Exchange had 52,325 shares trading at $8.70 to gain 10 cents, JMMB Group gained 45 cents in trading 116,623 shares to close at $9.45, Kingston Wharves traded 21,168 shares and gained 5 cents to close at $9,

National Commercial Bank closed with a gain of 10 cents with 3,900 shares trading, to end at $31.60. Pan Jamaican jumped $5 in trading 31,149 shares to end at a 52 weeks’ closing high $70, Sagicor Group with 300,003 shares and closed 1 cent higher at $14.02, Salada Foods with 20,780 shares, closed 1 cents down at $8.50, Scotia Group ended with 338,961 shares trading at $26 after rising $1.49. Seprod traded 2,900 shares at $14.96 with a 46 cents gain, Proven Investments ordinary share traded 191,356 units with a gain of 2 cents, to end at all-time high of 25 US cents, Supreme Ventures gained 15 cents and ended at $3.75 with 43,770 units changing hands and Proven Investments Limited 8% preference share exchanged 130,000 units at $5.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Desnoes and Geddes’, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica Stock Exchange, JMMB Group, Kingston Wharves, National Commercial Bank, Pan Jamaican, Proven Investments, Sagicor Group, Salada Foods, Scotia Group, Seprod, Supreme Ventures

7 new highs as JSE moves higher on Tuesday

October 20, 2015 by IC Insider.com

The Jamaica Stock Exchange closed on Tuesday with the All Jamaican Index is now 4,000 points away from the old record 138,917.59 reached on 24th of January 2005. By the close 7 stocks ended trading at 52 weeks’ closing highs. A total of 14 stocks rose, with 10 declining as 31 securities, totaling 3,337,233 units valued at $31,552,287 changing hands, in all market segments.
JSE Market Index shot up 1,073.37 points to 121,665.93, the JSE All Jamaican Composite index gained 1,199.55 to end at 134,924.82 and the JSE combined index jumped 1,219.53 points to end at a new high of 126,352.28.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice offer indicator had a reading of 15 stocks with bids higher than their last selling prices and 3 with offers that were lower.
In trading, Cable and Wireless closed with a gain of 4 cents as 276,100 shares changed hands to end at 55 cents, Caribbean Cement gained 1 cent to end at $12.01 for a new 52 weeks’ closing high, with 12,669 shares changing hands. Desnoes & Geddes had 317,100 units changing hands, to close at $30, Gleaner traded 29,300 shares at $1.72 with a loss of 1 cent, Hardware & Lumber exchanged 12,651 shares at $17.10 to gain $2.09, Jamaica Broilers fell of 46 cents in trading 318,500 shares to close at $7.54. Jamaica Stock Exchange had 32,622 shares trading at $8.60, JMMB Group traded 33,950 shares to close at $9, National Commercial Bank closed with a loss of 49 cents with 6,444 shares trading, to end at $31.50. Pan Jamaican traded just 1,539 shares at $65, to gain $2.49 for a 52 weeks’ closing high, Sagicor Group with 9,000 shares, closed 49 cents lower at $14.01, Sagicor Real Estate Fund with 135,265 shares, closed 51 cents up to $8.01, Scotia Group ended with 310,000 shares trading at $24.51 after shedding 69 cents. Seprod traded 2,621 shares at $14.50 with a 50 cents loss, Proven Investments ordinary share traded 240,268 units with a gain of 1 cent, to end at 23 US cents, Supreme Ventures ended at $3.75 with 42,015 units and JMMB Group 7.50% preference share exchanged 500,000 units at $2.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Desnoes and Geddes’, Gleaner, Grace Kennedy, H&L, Jamaica Broilers, National Commercial Bank, Pan Jamaican, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Supreme Ventures

JSE gained 13% for week

October 16, 2015 by IC Insider.com

The Jamaica Stock Exchange closed on Friday with an increase of 2,717.47 points, on the JSE All Jamaican Composite index to end at 133,725.27, to cap the week with a huge 13 percent increase. The sharp move is due to the price of Desnoes and Geddes (D&G) jumping with a gain of 130 percent to add several thousand points, to the main market indices. The All Jamaican Index is now just over 5,000 points away from the old record of 138,917.59, reached on 24th of January 2005.
A total of 16 stocks rose, with 3 declining as 23 securities, totaling 2,743,449 units valued at $51,084,948 changing hands, in all market segments. A total of 4 stocks ended at new 52 weeks’ closing highs. The JSE Market Index shot up by 2,431.62 points to 120,592.56, and the JSE combined index jumped 2,568.39 points to end at 125,132.75.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 15 stocks with bids higher than their last selling prices and 4 with offers that were lower.
In trading, Cable and Wireless closed with a loss of 1 cent as 81,600 shares changed hands to be at 51 cents, the stock ended with the bid at 57 cents to buy 204,500 shares. Caribbean Cement closed at $12 with 28,000 shares changing hands, Carreras traded 316,500 shares to close at $52.05 to gain 25 cents, D&G closed with 273,694 units changing hands to close at $30 with a gain of 33 cents. Gleaner traded 23,000 shares at $1.73 to gain 3 cents, Jamaica Broilers traded 31,243 shares to close at a new 52 weeks’ high of $8 with a gain of 85 cents, Jamaica Stock Exchange had 36,200 shares trading at $8.60, for a rise of 65 cents as the company stands to see increased income, if trading continues to be bullish. JMMB Group traded 35,096 shares closing 50 cents higher at $9. National Commercial Bank closed with a loss of 50 cents with 24,100 shares trading to close at $31.99, Sagicor Group with 11,200 shares closed 50 cents higher at $14.50 for a 52 weeks’ closing high, Scotia Group ended with 114,012 shares trading at $25.20 after gaining 75 cents, Scotia Investments ended at $27.50 with 720,000 shares traded and Seprod traded 30,288 shares at $15 with a 5 cents gain.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Cable & Wireless, Carerras, Caribbean Cement, Daily Trading, Desnoes and Geddes’, Gleaner, Jamaica Broilers, Jamaican stocks, JMMB Group, JSE Company, National Commercial Bank, Sagicor Group, Scotia Group, Scotia Investments, Seprod

JSE closing in on the 2005 record high

October 15, 2015 by IC Insider.com

Carib Cement closed at a new 52 weeks’ high of $12

With the Jamaica stock exchange closing on Thursday with a gain of 3,738.93 points on the JSE All Jamaican Composite index to end at 131,007.80 it will only be a matter of days rather than months that the old record 138,917.59 reached on 24th of January 2005, is broken.
The big gains today, owe much to Desnoes and Geddes (D&G) share shooting up 18.5 percent or $3.87 to end at a record $29.67 with 561,514 units trading. D&G closed with just two offers at $30 for 712 units and at $32 for 149 units, the bid is at $28.51 for what appears to be undisclosed amounts. A total of 15 stocks rose, with 6 declining as 29 securities, totaling 3,400,791 units valued at $29,712,197 changing hands, in all market segments.

A total of 5 stocks ending at new 52 weeks’ closing highs. The JSE Market Index shot up by 3,345.63 points to 118,160.94, and the JSE combined index jumped 3,403.29 points to end at 122,564.36.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 13 stocks with bids higher than their last selling prices and 4 with offers that were lower.
In trading, Berger Paints traded 10,000 shares at $2.75 and gained 25 cents, Cable and Wireless closed with a loss of 1 cent as 110,000 shares changed hands to close at 59 cents, Caribbean Cement closed at a new 52 weeks’ high of $12 with 19,451 shares changing hands, as the price gained $2.

Carreras traded 7,670 shares at $51.80 to gain 80 cents, Jamaica Broilers 169,227 shares to close at a new 52 weeks’ high of $7.15 with a gain of 16 cents, the price was up to $7.50 during the trading for a new intraday high.JMMB Group traded 58,858 shares at $8.50, Kingston Wharves lost 25 cents with 12,142 shares changing hands at $8.95. National Commercial Bank closed with a gain of $1.70 with 21,282 shares trading to close at $32.49, Sagicor Group with 5,650 shares closed 84 cents higher at $14 for a 52 weeks’ closing high, Scotia Group ended with 132,265 shares trading at $24.45 after gaining 60 cents and Sterling Investments ended at $13 with 15,000 shares traded.