The Jamaica Stock Exchange on Tuesday closed with main market indices dropping once more with declining stocks exceeding advancing ones but with a big jump in the amount of money involved in the trades. The market closed with a fairly high participation rate of 32 securities changing hands.
there were 9,467,807 units trading, valued at $111,559,301 with JMMB Group and National Commercial Bank accounting for the largest trades. At the close 7 stocks rose, 10 declined, in all market segments and the JSE Market Index fell 422.05 points to 98,349.41. The JSE All Jamaican Composite index lost 471.73 points to close at 108,867.21 and the JSE combined index dropped 671.77 points to end at 101,050.04.
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 with 6 stocks with bids higher than their last selling prices and 12 with offers that were lower.
In trading, Cable and Wireless gained 3 cents with 77,930 units and closed at 43 cents, Caribbean Cement had 436,403 units changing hands at $8, Carreras closed with 253,200 shares trading 91 cents lower at $49.50, Grace Kennedy closed with 500,134 shares trading $64, Jamaica Broilers traded at $5.60 with 119,948 shares changing hands. JMMB Group traded 1,957,370 shares to close 2 cents up at $7.52, Mayberry Investments ended with 200,000 
shares changing hands to close at $3.40 for a gain of 52 cents, National Commercial Bank traded 980,250 shares to end with a decline of $1.25 at $28.75, Pan Jamaican gained 55 cents to end at $61.25 with 5,500 units changing hands. Radio Jamaica traded 20,000 shares unchanged at $3.01, Sagicor Group with 40,000 shares changing hands, closed 1 cent lower at $12.95, Sagicor Real Estate Fund with 76,290 shares closed 50 cents lower at $7.80. Scotia Group traded 200,000 units to close with a loss of $1.64 at $24.36, Supreme Ventures ended at $3.80 with 112,413 units to be up by 46 cents and Jamaica Money Market Brokers 7.50% preference share traded 499,600 units at $2.
JSE drops back again on Tuesday
JSE adds back 1,000 points on Monday
Scotia Group jumped back to $26 to help push the JSE up by more than 1,000 points.
At the close, the JSE Market Index gained 1,009.99 points to 98,771.46. The JSE All Jamaican Composite index added 1,128.88 points to close at 109,338.94 and the JSE combined index moved up 643.21 points to end at 101,721.81.
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 with 4
stocks with bids higher than their last selling prices and 13 with offers that were lower.In trading, Cable and Wireless with 279,208 units closed at 40 cents, Caribbean Cement had 27,500 units changing hands at $8, Gleaner closed with 116,172 shares and lost 2 cents to $1.90. Jamaica Broilers traded 2 cents lower at $5.60 with 308,788 shares changing hands, JMMB Group traded 162,644 shares at $7.50, Kingston Wharves hit a new 52 weeks’ high of $7.25 by gaining 5 cents with just 1,859 shares changing hands, Mayberry Investments ended with 14,080 shares changing hands to close at $2.88 for a fall of 52 cents. National Commercial Bank traded 108,565
shares to end with a gain of $1.98 at $30, Proven Investments ordinary share traded 7,228 units to close at 21 US cents, up 0.45 cents. Radio Jamaica traded 31,470 shares with the price unchanged at $3.01, Sagicor Group with 283,978 shares changing hands, closed 4 cents lower at $12.96, Scotia Group traded 145,930 units to close at $26, by gaining $2, Scotia hand 3,900 of the shares traded at $26, 1,000 at $15.99 and 61,441 traded at $25 all the rest traded at $24.01 to a low of $23.73. Supreme Ventures ended at $3.34 with 58,896 units to be up by 4 cents and Jamaica Money Market Brokers 7.50% preference share traded 35,150 units at $2.
Over 3,000 points off JSE for week
NCB helped pull the JSE down by more than 3,000 points in closing at $28.02 on Friday.
At the close, the JSE Market Index fell 680.29 points to 97,761.47, for the week the index lost 3,047.20 points. The JSE All Jamaican Composite index dived 760.37 points on Friday and 3,405.92 for the week to close at 108,210.06 and the JSE combined index dropped 731.14 points for the day and 3,285.21 points for the week, to end at 101,078.60.
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 with 8 stocks with bids higher than their last selling prices and 8 with offers that were lower.In trading, Caribbean Cement had 87,642 units changing hands at $8, Carreras traded 163,263 shares at $50, Desnoes & Geddes traded 1,732,428 shares at $7, Gleaner closed with 18,416 shares and rose 12 cents to $1.92. Jamaica Broilers traded at $5.62 with 203,100 shares changing hands for a loss of 23 cents, JMMB Group traded 254,309 shares for a fall of 45 cents to $7.50,
Kingston Wharves ended with 6,000 shares changing hands to close at a 52 weeks’ high of $7.20 for a gain of 4 cents. National Commercial Bank traded 390,891 shares to end lower by 98 cents to $28.02, Palace Amusement traded 6,300 shares at $88 to add $13, Proven Investments ordinary share traded 320,000 units at 20.55 US cents, up 1.05 cents. Sagicor Group with 134,976 shares changing hands, closed 5 cents higher at $13, Scotia Group traded 166,559 units to close at $24, up 25 cents. Supreme Ventures ended at $3.30 with 15,253 units to be down by 5 cents and Jamaica Money Market Brokers 7.50% preference share traded 486,000 units at $2.
JSE decline continues on Thursday
The Jamaica Stock Exchange on Thursday closed with main market indices recording tripe digit losses, adding to the big losses on Wednesday. The market closed with a fairly high participation rate of 30 securities changing hands but with low activity resulting in just 2,344,156 units trading, valued at only $14,789,149 with 9 stocks rising, 10 declining with 2 stocks closing at 52 weeks high and 1 at a 52 weeks’ low, in all market segments.
At the close, the JSE Market Index fell 657.55 points to 98,441.76, the JSE All Jamaican Composite index dived 734.97 points to close at 108,970.43 and the JSE combined index dropped 731.14 points to end at 101,943.74.
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 one with 6 stocks with bids higher than their last selling prices and 9 with offers that were lower.
In trading, Cable and Wireless had 214,092 shares changing hands to end at 40 cents, Caribbean Cement had 112,969 units changing hands at $8.01, Desnoes & Geddes traded 212,380 shares at $7 for a gain of 21 cents, Gleaner closed with 17,000 shares and fell 20 cents to $1.80. 
Jamaica Broilers traded at $5.85 with 8,550 shares changing hands for a loss of 20 cents, JMMB Group traded 383,750 shares at $7.95, National Commercial Bank traded 26,130 shares to end lower by $1 to $29, Proven Investments ordinary share traded 225,030 units at 19.5 US cents, up 0.50 cents. Sagicor Group with 17,030 shares changing hands, closed 51 cents down at $12.95, Sagicor Real Estate Fund fell 25 cents to close at $8.50 while trading a mere 865 units, Scotia Group traded 11,272 units to close at $23.75, up 5 cents. Supreme Ventures ended at $3.35 with 92,500 units to be down by 15 cents and Jamaica Money Market Brokers 7.50% preference share traded 75,000 units at $2.
JSE drops sharply on Wednesday
The Jamaica Stock Exchange on Wednesday closed with main market indices recording big losses, cancelling out the gains made in yesterday’s trading. The market closed with a fairly high participation rate of 33 securities changing hands accounting for 3,862,624 units trading, valued at $45,895,747 with 9 stocks rising, 16 declining with 1 stock closing at 52 weeks high, in all market segments.
At the close, the JSE Market Index fell 2,316.03 points to 99,099.31, the JSE All Jamaican Composite index dived 2,588.67 points to close at 109,705.40 and the JSE combined index dropped 2,164.74 points to end at 102,674.88.
The eve of and the actual Treasury bill auction days, historically have not been good for the local stock market. Stockbrokers main focus is on the outcome of the auction and interest rates out turn as well as how successful their bidding was. Wednesday’s sluggishness and pull back in prices could be related to this development with today being the day when Treasury bill bids are opened. At the close of trading on Tuesday the signals were for a weaker market on Wednesday as such today’s declines should come as no great surprise.
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 is better than Tuesday’s reading, with only of 3 stocks with bids higher than their last selling prices and 9 with offers that were lower. Today’s reading is 4 stocks with bids higher than their last selling prices and 6 with offers that were lower, a reading that still carries some negative undertone.
In trading, Cable and Wireless had 306,499 shares changing hands with a loss of 3 cents, to end at 40 cents, Caribbean Cement had 19,000 units changing hands at $8, Gleaner closed with 23,326 shares and fell 17 cents to $2. Grace Kennedy traded firm at $64 with 54,439 shares, Jamaica Broilers traded at $6.05 with 42,876 shares changing hands, Jamaica Producers traded at $18.25 with 4,000 shares changing ownership with a loss of 25 cents. JMMB Group traded 5,909 shares at $7.95 to add 22 cents, with the company reporting strong increase in profit for the first quarter. Jamaica Stock Exchange lost altitude and traded with a decline of $1.50 to $7.50 with only 7,100 shares changing hands.
Mayberry Investments had 242,254 shares trading down 26 cents to $3.14, National Commercial Bank traded 421,180 shares to end at $30, Palace Amusement gained $10 in trading 2,500 shares to end at $75, Pan Jamaican Investment closed at $60.70 after trading 1,539 shares with a loss of $1.30. Sagicor Group with 1,077,602 shares changing hands, closed 50 cents up, at $13.50, Sagicor Real Estate Fund gained 95 cents to close at $8.75 while trading 10,095 units, Scotia Group traded 471,710 units to close at $23.70, down 80 cents, Supreme Ventures ended at $3.50 with 56,004 units to be down by $1 and Jamaica Money Market Brokers 7.50% preference share traded 150,200 units at $2.
Big drop for JSE Wednesday morning
The Jamaica Stock market suffered large losses in the morning session up to 11 am, in the process the All Jamaica Index trades at 110,281.78 to fall by 2,012.29 points, JSE Market Index declined 1,800.35 points to 99,614.99. The combined index fell 1,738.30 points to be at 103,101.32 and the junior market index 1,013.25, down 4.50 points.
Today the Treasury bill bid in the monthly auction is opened. This is a day when investors’ minds are historically not focused on the stock market as they await the outcome of interest rates, as well as how successful their bidding turn out to be. The sluggishness in trading in the morning session, could be related to this development. At the close of trading on Tuesday the signals were for a weaker market on Wednesday, today’s slowness should come as no great surprise.
On a day when there were few stocks rising, Cable & Wireless buck the trend with a rise to 45 cents with only 88,668 units, Caribbean Cement traded only 1,011 units at $8.20 for a 20 cents rise, Scotia Group fell back from $24.50 to $24.01 with just 5,000 shares and contributed a large portion of the fall in the indices, Jamaica Stock Exchange that traded at a new high of $9 on Tuesday traded just 2,000 shares at $8.50 but the stock has an offer at $8.20. Mayberry fell 55 cents to $2.85, with 42,467 shares, Radio Jamaica traded 2,500 shares with a loss of 99 cents to $3.01 and Supreme Ventures traded at 11,600 shares and fell $1 to $3.50.
A total of 21 securities with a volume of only 2,160,851 units have traded with 10 stocks declining versus 3 that rose.
JSE up but looks weak at close
Jamaica Stock Exchange Traded at a new high of $9 on Tuesday.
At the close, the JSE Market Index jumped 687.52 points to 101,415.34, the JSE All Jamaican Composite index rose 768.46 points to close at 112,294.07 and the JSE combined index gained 530.40 points to end at 104,839.62.
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 that was very negative with only of 3 stocks with bids higher than their last selling prices and 9 with offers that were lower.In trading, Cable and Wireless with 154,750 shares changing hands with a loss of 1 cent to end at 43 cents, Caribbean Cement had 50,227 units changing hands with a gain of 50 cents at $8, Carreras traded at $50 with 8,706 shares changing hands, Gleaner closed with 63,082 shares and fell 56 cents at $2.17. Grace Kennedy traded at $64 down $1 with 79,842 shares, Hardware & Lumber ended up at $17, after adding $1 with just 500 units changing hands. Jamaica Broilers traded at $6.05 with 8,300 shares changing ownership and lost 94 cents, Jamaica Producers traded at $18.40 with 4,198 shares changing ownership with a loss of 60 cents. JMMB Group traded 20,084 shares at $7.73 to lose 26 cents, with the company reporting strong increase in profit for the first quarter, Jamaica Stock Exchange traded 70 cents up at a new high of $9 with only 9,990 shares changing hands. Mayberry Investments had 50,000 shares trading at $3.40, National Commercial Bank traded 62,888 shares at $30,
Palace Amusement gained $5 in trading 566 shares to end at $65, encouraged by the company reporting earnings of $26.56 per share for the year ended June. Pan Jamaican Investment closed at $62 after trading 27,303 shares to gain $1. Sagicor Real Estate Fund lost 30 cents to close at $7.80 while trading 140,000 units, Salada Foods ended with 2,750 units trading at $8.50 with a loss of $1.90. Scotia Group traded 25,980 units to close at $24.50, up 50 cents, Supreme Ventures ended at $4.50, with 20,000 units to be up 50 cents but the bid at the end of the day was at $4 to sell 300,000 units and Proven Investments ordinary share traded 137,105 units at 19 US cents, up from 18.5 US cents.
Scotia Group fall hits JSE indices
Scotia lost $2 on Friday
At the close, the JSE Market Index dropped 1,377.83 points to 100,808.67, the JSE All Jamaican Composite index shed 1,540.03 points to close at 111,615.98 and the JSE combined index dipped 1,378.55 points to end at 104,363.81.
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 6 stocks with bids higher than their last selling prices and 4 with offers that were lower.In trading, Cable and Wireless ended with 636,069 units changing hands to close 5 cents higher at 45 cents, Caribbean Cement stock rose 35 cents to close at $7.50 with 353,986 units traded, Gleaner closed with 127,400 shares traded to close at $2.71 for a loss of 1 cent, Jamaica Broilers traded at $7 with 18,345 shares changing ownership. Jamaica Stock Exchange traded 14,875 shares at a new all-time high of $8.30 to gain $1.29, JMMB Group
traded 6,545 units with the price rising 30 cents to end at $7.80, National Commercial Bank traded only 7,843 shares at $30.10. Pan Jamaican Investment closed at $61 after trading 5,484 shares, 9 cents higher, Proven Investments closed at 18.55 US cents after declining 0.45 US cents with 40,884 shares changing hand. Pulse Investments lost 15 cents in trading 62,750 shares to end at 45 cents, Radio Jamaica traded just 20,296 shares to end at $3.95, for a 5 cents fall, Sagicor Group ended trading with 46,300 units at $13 to fall by 10 cents. Sagicor Real Estate Fund closed at $8.30 while trading 15,274 units, Scotia Group lost $2 and ended with 89,612 units trading at $24 and Jamaica Money Market 7.5% preference ended at $2 with 54,500 units changing hands.
12 stocks up 15 down as JSE indices jump
JSE main market pierced resistance at 108,000 points & is heading to the next resistance level at 115,000 points.
At the close, the JSE Market Index gained 676.72 points to 102,186.50, the JSE All Jamaican Composite index rose 756.39 points to close at 113,156.01 and the JSE combined index climbed 660.25 points to end at 105,742.36.
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 9 stocks with bids higher than their last selling prices and 10 with offers that were lower.
In trading, Cable and Wireless ended with 990,000 units changing hands at 40 cents, Caribbean Cement stock fell $1.35 to close at $7.15 but traded as high as $8.60 with 669,805 units traded, Carreras traded 3,200 units to close 50 cents off at $51.50, Desnoes & Geddes had 43,637 shares changing hands at $6.80, up 29 cents. Gleaner closed with 377,400 shares traded at new closing 52 weeks’ high of $2.72 for a gain of 21 cents. Grace Kennedy traded 138,893 shares to end at $64.01, Jamaica Producers gained 20 cents to end at $19 with 3,160 units trading. JP yesterday reported earnings for the second quarter attributable to shareholders of $414 million but the bulk of that it, $319 million came from gain on sale of fixed assets and investments. The year-to-date to June net profit attributable to JP shareholders was $589 million compared to $138 million in 2014 of which $429 million came from gains on disposal of fixed assets and investments. JMMB Group traded 
30,000 units and fell 10 cents to end at $7.50, Mayberry Investments had 149,575 shares trading at $3.15, National Commercial Bank traded 109,682 shares at $30.10 with a decline of 90 cents. Radio Jamaica traded just 59,325 shares to end at $4, for a 30 cents decline, Proven Investments closed at 19 US cents after gaining 1.50 US cents with 255,000 shares changing hands, Sagicor Group ended trading with 30,528 units at $13.10 to add 5 cents. Sagicor Real Estate Fund closed at $8.30 while trading 27,548 units, Scotia Group lost 45 cents and ended with 61,898 units trading at $26, and Supreme Ventures traded 27,997 shares at $4 after shedding 50 cents and Proven Investments 8% preference ended at a new 52 weeks’ low of $4.96 with 418,000 units changing hands after losing 2 cents.
20 stocks rose to 6 falling on JSE
RJR closed at a new 52 weeks high of $4.30.
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 5 stocks with bids higher than their last selling prices and 5 with offers that were lower.
In trading, Cable and Wireless ended with 1,182,806 units changing hands at 40 cents, Caribbean Cement stock gained 51 cents to close at $8.50, Carreras traded 6,834 units to close at $52, Desnoes & Geddes had 43,637 shares changing hands at $6.80, up 29 cents. Gleaner closed with 250,132 shares traded at new closing 52 weeks’ high of $2.51 for a gain of 36 cents. The stock had traded as high as $2.70 during trading. Grace Kennedy traded 72,578 shares to end at $64, Jamaica Broilers had 11,419 shares changing hands, in closing at $7 for a gain of 30 cents. Jamaica Producers (JP)dropped $1.20 to $18.80 with 986,248 units trading. JP reported earnings for the second quarter attributable to shareholders of $414 million but the bulk of that it, $319 million came from gain on sale of fixed assets and investments. The year-to-date to June net profit attributable to JP shareholders was $589 million compared to $138 million in 2014 of which $429 million came from gains on disposal of fixed assets and investments. JMMB Group traded 10,600 units and fell 39 cents to end at $7.60, 
Mayberry Investments had 219,866 shares trading at $3.15 for a loss of 35 cents, National Commercial Bank traded 44,926 shares at $31 with a gain of 50 cents. Radio Jamaica traded just 8,132 shares to end at $4.30, a new 52 weeks’ high, Sagicor Group ended trading with 17,790 units at $13.05, and lost 15 cents. Proven Investments closed at 17.5 US cents after falling 0.50 US cents with 200,000 shares, Sagicor Real Estate Fund closed at $8.30 while trading 295,742 units, Scotia Group gained 44 cents and ended with 109,216 units trading at $26.45, Scotia Investments ended with 15,000 shares changing hands at $27.99, up 99 cents and Supreme Ventures traded 1,974,455 shares at $4.50, a new all-time high by adding 92 cents.