On Wednesday the Jamaica Stock Exchange saw more activity than on Tuesday but the market still seems to be nervous with a high level of stocks riding and declining on the same day. At the close there were 8 stocks rising to 8 that declined.
The market closed with 26 securities changing hands totalling 4,027,018 units, valued at $45,899,661 traded in all market segments.
The JSE Market Index gained 148.80 points to 95,738.02, the JSE All Jamaican Composite index added 166.30 points to 105,948.92 and the JSE combined index rose 141.78 points to end at 98,878.40.
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 14 stocks with bids higher than their last selling prices and 4 with offers that were lower.
Trading in the main market ended with Cable and Wireless slipped 1 cent with 885,401 shares changing hands, to close at 49 cents. At the close the stock had 1,122,637 units on the bid at 48 cents and 300,000 on offer at 52 cents. Caribbean Cement traded 200,000 shares at $8 while gaining 30 cents, Desnoes & Geddes ended with 128,250 shares trading with a 5 cents gain to close at $6.15, JMMB Group traded at $7.63 with 10,345 shares changing ownership. 
National Commercial Bank had 35,609 units changing hands and ended at $27.47 while losing just 1 cent, Pan Jamaican Investment traded 8,052 shares to close at $61.71. Sagicor Group with 175,880 shares trading, closed 19 cents lower at $12.81, Scotia Group traded 1,496,663 shares to close with a loss of 16 cents at $23.75, Scotia Investments traded 16,267 shares in closing at $24.52 with a gain of 2 cents. Supreme Ventures had 41,160 shares changing hands at $3.75, for a gain of 35 cents Jamaica Money Market Brokers 8.75% preference share traded 231,855 shares at a 52 weeks low of $2.49 after losing 16 cents and Proven Investments preference share traded 59,200 units at $5.
8 up 8 down on JSE on Wednesday
12 up 12 down on JSE on Tuesday
On Tuesday the Jamaica Stock Exchange saw more activity than on Monday but the market still seems to be nervous with a high level of stocks riding and declining. At the close there were 12 stocks rising to 12 that declined.
The market continues to trade with low volumes but the number of securities trading picked up to 33 from only 19 securities changing hands on Monday as 3,036,646 units, valued at a mere $11,130,858 traded in all market segments.
The JSE Market Index dipped 569.70 points to 95,589.22, the JSE All Jamaican Composite index slipped 636.67 points to 105,782.62 and the JSE combined index fell 543.24 points to end at 98,736.62.
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.
Trading in the main market ended with Cable and Wireless rising 2 cents with 295,388 shares changing hands, to close at 50 cents. At the close the stock had 2,003,038 units on the bid at 48 cents, Caribbean Cement traded 11,529 shares at $7.70, down by 10 cents, Desnoes & Geddes ended with 31,250 shares trading with a 90 cents loss at $6.10, Jamaica Broilers traded at $6.05 with 75,476 shares changing ownership and lost 15 cents. Jamaica Stock Exchange traded at $7,20, down by 25 cents with 29,500 shares, JMMB Group traded 22,320 units and lost 7 cents to end at $7.63, Kingston Wharves had 28,000 units trading to close 
at $6.50, Mayberry Investments added 42,000 units at $2.80 after shedding 20 cents, National Commercial Bank had only 5,900 units changing hands, ended at $27.48 while gaining just 1 cent, Radio Jamaica traded 27,079 shares to close at $3.08, Sagicor Group with 97,907 shares trading, closed for40 cents higher at $13, Scotia Group traded 32,956 shares to close with a gain of 1 cent at $23.91, Supreme Ventures had 31,600 shares changing hands at $3.40, for a loss of 34 cents, Proven Investments ordinary share traded 93,750 units at 20.01 US cents, down by 1.99 cents and Jamaica Money Market Brokers 7.50% preference share traded 1,304,000 units at $2 after dropping 1 cent and Jamaica Money Market Brokers 8.75% preference share traded 110,000 shares at a 52 weeks low of $2.65 after losing 15 cents.
Stocks react negatively to PM speech?
If Monday’s trading on the Jamaica Stock exchange is anything to go by investors seem far from impressed with the presentation delivered by the Jamaica’s Prime Minister at Sunday’s closing of her party’s annual conference as there were only two stocks rising to 13 that declined.
The market saw low volumes on a day that enjoyed only moderate trading activity with 19 securities changing hands as 1,481,773 units, valued at a mere $7,074,688 traded in all market segments.
The JSE Market Index dipped 736.27 points to 96,158.92, the JSE All Jamaican Composite index slipped 822.83 points to 106,419.29 and the JSE combined index fell 757 points to end at 99,279.86.
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 3 with offers that were lower.
Trading in the main market was very low keyed with extremely low volumes with only one stock trading with volumes in six digits. Cable and Wireless fell 3 cent with 20,584 shares 
changing hands, to close at 48 cents. At the close the stock had 2,167,369 units on the bid at 48 cents. Caribbean Cement traded 35,389 shares at $7.80 to gain 10 cents, National Commercial Bank with 29,091 units changing hands, ended at $27.47 while losing $2.52. Sagicor Group with 173,580 shares trading, closed for 5 cents higher at $12.60, Scotia Group traded 21,500 shares to close with a loss of 1 cent at $23.90, Supreme Ventures had 31,600 shares changing hands at $3.40, for a loss of 34 cents and Proven Investments ordinary share traded 25,000 units at 22 US cents.
Sagicor Real Estate Fund tops trading on JSE
Sagicor Real Estate Fund traded 12,553,254 units days after the company reported a successful rights issue that raised $5.2 billion. Most trading took place at $6.95, in shares crossed by Scotia Investments as brokers for clients. The stock price ended at $7.50 at the close, after losing 50 cents.
Market activity generally,
on the Jamaica Stock Exchange ended with just 31 securities changing hands as 19,174,117 units, valued at $129,515,704 were exchanged. Sagicor Real Estate Fund accounted for a large portion of the monetary consideration. Seprod also chipped in with a fair amount. At the end, 8 stocks gained, compared to 11 that declined in all market segments. The JSE Market Index declined 648.07 points to 98,149.98, the JSE All Jamaican Composite index fell 724.25 points to 108,644.42 and the JSE combined index lost 916.38 points to end at 101,195.27.
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, Cable and Wireless had 1,700,000 shares changing hands to close at 48 cents, Caribbean Cement traded 10,000 shares at $8, for a 38 cents gain. Desnoes & Geddes traded 779,322 shares at $7, JMMB Group had 13,100 shares changing hands at $7.70 after gaining 5 cents, 
Sagicor Group with 32,614 shares changing hands, closed at $13 with a 30 cents increase. Scotia Group traded 110,575 units in closing at $23.80, for a fall of 32 cents, Seprod traded 1,813,740 shares at $14 while losing 60 cents. Supreme Ventures traded 210.509 shares but lost 24 cents in ending at $3.90, Proven Investments ordinary share traded 91,890 units at 19.9 US cents after rising 0.004 cents and Jamaica Money Market Brokers 7.50% preference share traded 200,000 units at $2.
Partial rebound for JSE
The Jamaica Stock Exchange ended trading with 20 securities changing hands and a total of 3,429,742 units, valued at $38,607,071 being active. At the end there were only 2 stocks rising, 6 declining in all market segments. The main market saw 2 stocks rising and 2 declining at the close.
The JSE Market Index rose 518.70 points to 98,795.91. The JSE All Jamaican Composite index added 579.76 points to 109,366.27 and the JSE combined index gained 423.11 points to end at 102,059.58.
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 5 with offers that were lower.
In trading, Cable and Wireless had 481,497 shares changing hands to close at 50 cents, Caribbean Cement traded 47,336 shares at $8 and gained 40 cents, Carreras traded 214,390 at $50, 
Grace Kennedy traded 3,505 units at $64 after adding $1. The Jamaica Stock Exchange shares lost 30 cents with 113,480 shares changing hands to $7.50, National Commercial Bank traded 400,450 shares and closed at $30, Radio Jamaica ended with 10,411 units changing hands but lost a cent to close at $3, Sagicor Group with 45,991 shares changing hands, closed at $12.50. Scotia Group traded only 6,343 units in closing at $24.10 for an increased 36 cents and Proven Investments ordinary share, traded 429,388 units at 20 US cents.
Scotia chops $3.16 off price on JSE
The Jamaica Stock Exchange ended trading with the JSE All Jamaican Composite index diving over 3,600 points in the morning session but closed with a lower loss. At the end of trading, Scotia Group chopped $3.16 off its opening price to help give the market a big jolt.
Trading ended with 27 securities changing hands and a total of 3,767,792 units traded, valued at $63,786,913, there were 6 stocks rising, 10 declining in all market segments.
The JSE Market Index dropped 1,855.33 points to 98,277.21. The JSE All Jamaican Composite index dived 2,073.75 points to 108,786.51 and the 
JSE combined index declined 1,565.32 points to end at 101,636.47.
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 7 with offers that were lower.
In trading, Cable and Wireless had 447,329 shares changing hands and lost 2 cents to close at 50 cents, Caribbean Cement traded 41,225 shares at $7.60 but lost 40 cents, Grace Kennedy traded 3,505 units at $64 after adding $1, Jamaica Broilers lost 50 cents to close at $5.60 with 126,088 shares changing hands. JMMB Group traded 75,068 units to end at $7.65. Mayberry Investments closed with a loss of 30 cents to $2.70 with 4,590 shares changing hands, 
National Commercial Bank traded 203,540 shares and closed at $30 after it slipped to $27.51 in the morning session. Pan Jamaican ended with 58,784 units changing hands by adding $1.15 to close at $62, Sagicor Group with 196,270 shares changing hands, closed at $12.50, Scotia Group traded 1,680,374 units between the closing price of $23.74 and $26 but ended with a loss of $3.16. Scotia Investments ended at $24.10 while 6,400 units traded. Proven Investments ordinary share, traded 266,837 units at 20 US cents, a loss of 0.11 US cents and Proven Investments 8% share traded 368,901 units at $4.90.
Cable & Wireless jumps 11% on JSE
C&W which just ditched the Lime brand for Flow, gained nearly 11% in trading on Thursday
The Jamaica Stock Exchange closed trading with all active indices falling with advancing and declining stocks being evenly matched as was the case on Wednesday. A total of 31 securities changed hands, resulting in 7,916,489 units trading, valued at $29,539,131, with 8 stocks rising, 8 declining in all market segments. The JSE Market Index fell 245.83 points to 97,783.73. The JSE All Jamaican Composite index declined 274.77 points to 108,234.94 at support level on the downside and the JSE combined index fell 50.41 points to end at 101,002.73.
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 8 with offers that were lower.In trading, Cable and Wireless rose 5 cents with 4,748,662 units and closed at 52 cents. At the close, visible bids exist for 41,500 shares at 45 cents and ranging between 40 cents and 44 cents, a total of 397,000 units, well down on amount on Wednesday’s bids of 2.46 million units at 40 cents and above. On offer between 52 and 55 cents, are 6 visible offers to sell 2.58 million shares. Caribbean Cement had 11,300 shares changing hands stock for a loss of 5 cents to $7.85, Carreras closed at $50 for a loss of 30 cents while 274,344 units traded. Jamaica Broilers closed unchanged at $5.60 with 50,174 shares changing hands, National Commercial Bank traded just 3,200 shares and closed with a fall of $1.94 at $28.06. Sagicor Group with 179,796 shares changing hands, closed unchanged at $12.57,
Sagicor Real Estate Fund landed 33,271 shares for a gain of 10 cents to end at $8, Scotia Group traded 22,000 units to close with a loss of 20 cents at $23.80, Scotia Investments ended at $27 while only 159,004 units traded. Proven Investments ordinary share, traded 15,346 units at 21 US cents, Supreme Ventures added 50 cents to end at $4 with 23,022 units changing hands, Jamaica Money Market Brokers 7.50% preference share traded 50,000 units at $2 and Proven Investments 8% preference share traded 110,400 units at $4.90 after trading at a 52 weeks’ low of $4.85.
See-saw action continues on JSE
Cable & Wireless HQ – the stock is in demand with the merger of Flow and C&W gathers pace.
At the close, the JSE Market Index fell 245.83 points to 97,783.73. The JSE All Jamaican Composite index declined 274.77 points to 108,234.94 at support level on the downside and the JSE combined index fell 50.41 points to end at 101,002.73.
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 7 stocks with bids higher than their last selling prices and 9 with offers that were lower.In trading, Cable and Wireless rose just 1 cent with 2,882,269 (Tuesday 2,494,634) units and at 47 cents. At the close, visible bids exist for 1 million units at 46 cents, and ranging between 40 cents and 45 cents a total of 1.46 million units. On offer between 48 and 55 cents, are 11 visible offers to sell 3.3 million shares. Caribbean Cement had 797,607 shares changing hands for a loss of 10 cents to $7.90, Carreras closed at $50.30 as the price gained 80 cents while 7,380 units traded. Desnoes & Geddes traded 50,000 shares but lost 40 cents in closing at $6, Grace Kennedy had 38,552 units changing hands at
$64, Jamaica Broilers closed at $5.60 with 43,741 shares changing hands as the stock lost 80 cents. Sagicor Group with 40,000 shares changing hands, closed with a loss of 43 cents at $12.57, Scotia Group traded 14,800 units to close with a gain of 26 cents at $24, Scotia Investments ended at $27 while only 8,000 units traded but the stock traded in Trinidad at the equivalent of J$29.50 and with a bid to buy over 320,000 units at the same price. Proven Investments ordinary share, traded 15,346 units at 21 US cents, Jamaica Money Market Brokers 7.50% preference share traded 53,016 units at $2 and Proven Investments 8% preference share traded 135,594 units at $4.90.
Declining stocks down sharply on JSE
The Jamaica Stock Exchange on Thursday closed with main market indices dropping once more, with declining stocks equalling advancing ones. The market endured a very slow day, after an hours trading, only 2 stocks traded amounting to just 2,677 units. The market closed with only 25 securities changing hands, resulting in 914,433 units trading, valued at $16,133,495 with 9 stocks rising, 9 declining, in all market segments.
At the close, the JSE Market Index fell 690.11 points to 97,396.47. The JSE All Jamaican Composite index lost 771.34 points to close at 107,802.10 around support on the downside and the JSE combined index dropped 448.93 points to end at 100,328.84.
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 that reflects a possibility that the decline is at or near the end a reading of 7 stocks with bids higher than their last selling prices and 4 with offers that were lower.
In trading, Cable and Wireless rose 2 cents with 211,066 units and closed at 44 cents, Caribbean Cement had 10,000 units changing hands at $8, Desnoes and Geddes traded 137,166 shares to close 7 cents higher at $6.90, Grace Kennedy closed with 130,192 shares trading at $64. Jamaica Broilers traded at $5.60 with just 10,000 shares changing hands, with a loss of $1.40, Kingston Wharves traded 20,000 shares at $6.45, but lost 80 cents in the 
process, Mayberry Investments had 13,640 shares trading for a fall of 45 cents to end at $2.90. Pan Jamaican ended at $61 with just 2,340 units changing hands, Sagicor Group with 17,385 shares changing hands, closed 20 cents lower at $12.80. Scotia Group traded 40,100 units to close with a gain of 5 cents at $23.81, Supreme Ventures ended at $3.40 with 15,500 units changing hands, Proven Investments ordinary share traded 200,000 units at 20.10 US cents for a loss of 0.45 cents and Proven Investments 8% preference share traded at a 52 weeks’ low of $4.90 with 4,300 shares.
Declining stocks clobber advancers on JSE
VMBS Wealth acquired the bulk of shares trading in connection with the pension funds they manage.
At the close, the JSE Market Index fell 262.83 points to 98,086.58. The JSE All Jamaican Composite index lost 293.77 points to close at 108,573.44 and the JSE combined index dropped 272.27 points to end at 100,777.77.
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 that reflects continuation of declining stocks having the upper hand over advancing ones. There was slightly less bias to the downside, than at the close of trading on Tuesday, with Wednesday’s reading of 7 stocks with bids higher than their last selling prices and 9 with offers that were lower.In trading, Cable and Wireless fell 1 cent with 110,387 units and closed at 42 cents, Caribbean Cement had 54,911 units changing hands at $8, Carreras closed with 1,149,666 shares trading 50 cents lower at $49.49, with the bulk of the shares being a product of the VMBS Wealth pension portfolio shift. Grace Kennedy closed with 1,400,261 shares trading $64, Jamaica Broilers traded at $7 with just 1,000 shares changing hands, with a gain of $1.40. Jamaica Stock Exchange traded 2,105,142 shares at $7.89, JMMB Group traded 8,582,455 shares, including shares associated with the VMBS Wealth pension fund change, to close at $7.52, Kingston Properties had 664,191 shares trading for a fall of $1.01 to end at $6.99, National Commercial Bank traded 569,187 shares to end with a decline of 73 cents at $28.02.
Pan Jamaican fell 25 cents to end at $61 with 802,473 units changing hands, Radio Jamaica traded 37,900 shares unchanged at $3.01, Sagicor Group with 2,973,500 shares changing hands, closed 5 cents higher at $13. Scotia Group traded 198,010 units to close with a loss of 60 cents at $23.76, Scotia Investments traded 440,000 shares to close at $27.69 for a fall of 1 cent, Supreme Ventures ended at $3.40 with 13,828 units to be down by 40 cents and Jamaica Money Market Brokers 8.75% preference share traded 100,000 units to close at a 52 weeks’ low of $2.94, for a loss of 4 cents.