Moderate gains for JSE majors – Thursday
With polls suggesting a tight race in the general election on Thursday, the Jamaica Stock Exchange main market continued to reflect uncertainty on Thursday as 15 securities declined, 13 gained as 33 changed hands in all market segments in a shortened session. Trading resulted in 1 stock closing at 52 weeks’ highs.
A total of 6,057,172 units valued at $98,493,384 changed hands in all markets. The junior market accounted for 2,076,968 units changing hands, valued at $12,398,257.
The JSE Market Index added 31.86 points to end at 157,673.33 the all Jamaica Composite Index squeezed out 35.60 points to end at 175,165.13 and the JSE combined index dropped 841.58 points to close at 166,544.40.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 14 stocks with bids higher than their last selling prices and 5 with lower offers.
At the end of the market activities, Cable and Wireless closed with a loss of 6 cents as 145,106 units changed hands at $1.50. Caribbean Cement continues with wild price swings, rising $3 to close at $33 with 36,000 shares changing hands, Carreras closed at $66 after gaining $1, while trading 31,891 units, Gleaner ended with a gain of 1 cent to close at $2.43 with 69,622 shares trading, Grace Kennedy ended with 25,660 shares trading to close at $82.50 after losing 50 cents. Jamaica Broilers fell 26 cents with 583,521 units to close at $14.50, JMMB Group had 280,100 units changing hands to close at $10.41. Kingston Wharves had 68,371 shares trading with a loss of 1 cent at $11.44, National Commercial Bank had 1,182,454 shares changing hands with a fall of 60 cent to close at $40.40. Palace Amusement dropped by $13 to close at $74 with 100 shares trading, Pan Jamaican traded 4,231 shares but fell $1 to $94.50, Pulse Investments traded 206,000 shares with a fall of 48 cents to end at $3.22. Sagicor Group gained 45 cents with 4,270 shares changing hands at $23.50, Sagicor Real Estate Fund rose 25 cents with 1,000 shares changing hands at $11.95, Scotia Group had 136,020 shares changing hands, to close with a gain of 50 cents to end at $32. Scotia Investments had 7,550 units changing hands at $30, Supreme Ventures rose 49 cents to close at $6 with 114,353 units changing hands. JMMB Group 5.75% preference share traded 380,000 units at $1.06, JMMB Group 7.5% preference share traded 200,000 units and rose 5 cents to end at $2.15 and Proven Investments ordinary share traded 500,000 units at 21 US cents after rising by 1 US cent.
JSE nervous in early trading – Thursday
The Jamaica Stock Exchange is off to an interesting start on general election day 2016, with losses far exceeding advances on Thursday, in the early morning session. After 75 minutes of the market opening, 28 securities have been active, accounting for 3,867,042 shares. A total of 14 stocks fell and only 6 rose.
The all Jamaica Composite Index lost -266.70 points to 174,862.83, the JSE Market Index fell 238.64 points to 157,402.83, the JSE combined index declined by 465.66 points to 166,920.32 and the junior market index dropped 26.64 points to 2,048.48.
Caribbean Cement gained $3 with 36,000 shares to be at $33, Jamaica Broilers Group traded 575,591 at $14.50, National Commercial Bank traded 1,181,244 shares at $40.70, Palace dropped $13 while 100 shares traded at $74, Honey Bun had 5,000 shares changing hands at a new high of $13.90 and Lasco Manufacturing down 21 cents to $3.61 with 779,866 units.
JSE dips in early trading
The Jamaica Stock Exchange recorded losses on Wednesday, in the early morning session. After 30 minutes of trading the junior market index is down 2.5 percent, well off from Tuesday’s gain of 1 percent, in early trading.
A total of 5 stocks fell and 6 rose as 18 securities have been active with just 500,267 units changing hands. The all Jamaica Composite Index lost 665.05 points to 176,288.59, the JSE Market Index fell 595.09 points to 158,678.61, the JSE combined index fell 1,043.12 points to 168,279.75 and the junior market index dropped 53.35 points to 2,065.80.
The greatest movers so far are Cable & Wireless with a 10 cents gain, Caribbean Cement down $2.98, Sagicor Real Estate Fund down 30 cents and Lasco Manufacturing down 30 cents to $3.70.
More retreat for JSE on Thursday
A total of 2,801,152 units valued at $40,035,868 changed hands in all markets. The junior market accounted for 876,572 units changing hands, valued at $3,718,863.
The JSE Market Index dived 913.83 points to 157,322.61 the all Jamaica Composite Index dropped 1,021.27 points to end at 174,773.18 and the JSE combined index dumped by 972.44 points to close at 168,580.74.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 15 stocks with bids higher than their last selling prices and 5 with lower offers.
At the end of the market activities, Barita Investments ended with 119,000 units traded to close at $4.60, Berger Paints rose 20 cents to end at $4.70, with 13,950 units traded, Cable and Wireless closed with 58,929 units changing hands, with a loss of 1 cent at $1.59. Caribbean Cement jumped 50 cents to close at $30.50 with 11,868 shares changing hands, Carreras jumped $1.30 to close at $67, to end at a 52 weeks’ high while trading 150,641 units, Gleaner traded 57,510 shares but rose 5 cents to $2.50, Grace Kennedy ended with 2,449 shares trading to close at $82.25 after dropping 75 cents. Jamaica Broilers fell 75 cents with 244,239 units to close at $13.75, Jamaica Stock Exchange ended with 210,710 shares trading but lost 5 cents to close at $21.95, JMMB Group dropped 25 cents in trading 38,315 units at $11. Kingston Wharves had 5,900 shares trading at $11.40, Mayberry Investments traded 16,800 units to close at $4.80 for a rise of 30 cents, National Commercial Bank traded 45,262 shares to close at $40.30 after declining by $1.20, while 138 Students Living traded 146,285 shares with a fall of 10 cents to end at $5.60. Proven Investments traded 32,164 shares at 20 US cents, Radio Jamaica traded 17,651 units but fell 5 cents to $4.60, Sagicor Group fell 82 cents with 15,459 shares changing hands at $22.11, Scotia Group had 177,068 shares changing hands to close with a gain of 99 cents to end at $33. Scotia Investments had 1,200 units changing hands at $27 after dropping $3. Seprod closed at $22, with 104,200 shares trading, Supreme Ventures fell 10 cents to close at $5.90 with 48,200 units changing hands, Jamaica Money Market Brokers 7.50% preference share traded 66,900 at $2.15 and Proven Investments preference share traded 502,476 units at $5.
JSE retreated again on Wednesday
A total of 2,801,152 units valued at $45,600,266 changed hands in all markets. The junior market accounted for 876,572 units changing hands, valued at $3,718,863.
The JSE Market Index dived 934.62 points to 158,236.44 the all Jamaica Composite Index dropped 1,044.48 points to end at 175,794.45 and the JSE combined index dipped by 1,117.25 points to close at 169,553.18.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 15 stocks with bids higher than their last selling prices and 5 with lower offers.
At the end of the market activities, Berger Paints fell 30 cents to end at $4.50, with 37,301 units traded, Cable and Wireless close with 178,301 units changing hands at $1.60, Caribbean Cement jumped $3.40 to close at $30 with 83,508 shares changing hands. Carreras gained of 70 cents to close at $65.70, to end at a 52 weeks’ high while trading 245,117 units, Desnoes & Geddes traded 76,000 shares but lost 2 cents to $22.85, Grace Kennedy ended with 3,269 share trading to close at $83, Jamaica Broilers had 72,174 shares trading with a rise of 50 cents to end at $14. Jamaica Stock Exchange ended with 3,000 shares trading but lost 50 cents to close at $22, JMMB Group dropped 75 cents in trading 94,905 units at $11.25, Kingston Wharves had 38,100 shares trading at $11.40, Mayberry Investments traded 26,020 units to close at $4.50. National Commercial Bank traded 183,199 shares to close at $40 after rising by $1.50, while 138 Students Living traded 354,615 shares with a rise of 20 cent to end at $5.70, Pan Jamaican Investment traded only 334 units with a rise of $1.45 to end at $96. Scotia Group had 173,359 shares changing hands to close with a fall of $1.99 to end at $32.01, Scotia Investments had 6,000 units changing hands at $30 after jumping $3.45. Seprod closed at $22, with 33,153 shares trading, Supreme Ventures rose 10 cents to close at $6 with 138,588 units changing hands and Jamaica Money Market Brokers 7.50% preference share traded 66,900 at $2.15.
C&W, Pan Jam dominant plays – Friday
Trading resulted 38 securities trading, 16 of which gained and 14 declined. Six stocks closed at 52 weeks’ highs and 3 at intraday highs as 11,326,742 units valued at $259,795,288 changed hands in all markets. The junior market accounted for 2,619,072 units changed hands, valued at $10,651,233.
The JSE Market Index fell 412.90 points to 159,295.05 the all Jamaica Composite Index dropped 461.44 points to end at 176,977.50 and the JSE combined index declined 553.68 points to close at 170,686.48.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 17 stocks with bids higher than their last selling prices and 6 with lower offers.
At the end of the market activities, Barita Investments ended with 12,000 units traded, to close at $4.75, Berger Paints fell 8 cents to end at $5, with 14,021 units traded, Caribbean Cement rose 1 cent to close at $28 with 48,626 shares changing hands. Carreras gained 75 cents to end at a 52 weeks’ high of $63.50 with 15,180 units trading, Grace Kennedy closed at $84 with 10,283 units changing hands. Jamaica Broilers traded 406,083 units and gained $1.45 to $14.95, JMMB Group jumped $1.95 in trading 8,350 units to end at 52 weeks’ high of $13.70. Kingston Wharves rose 26 cents with 10,545 units changing hands at $11.45, Margaritaville Turks had 30,900 shares trading at a 52 weeks’ high of 15 US cents, Mayberry Investments gained 30 cents to close at $5 with 130,126 units traded, National Commercial Bank traded 347,478 shares to close at $41.50. Pulse Investments traded 5,000 shares to end at a 52 weeks’ high of $4.65 after rising by 45 cents, Sagicor Group rose 5 cents and closed at $23.05 with 370,399 units changing hands. Sagicor Real Estate Fund gained 20 cents to close at $12 while trading 10,023 shares, Scotia Group had 231,306 shares changing hands with a loss of $2.50 to close at $31.50. Scotia Investments had 14,374 units changing hands at $29, Supreme Ventures lost 45 cents to close at $5.75, with 511,615 units changing hands, Proven Investments ordinary share traded at 22 US cents with 34,100 units and JMMB 7.50% preference share traded 89,573 units to close at $2.15.