Sagicor stole show with 11.4m Shares

May 28, 2015 by

Sagicor Group 

Sagicor Group had 11,418,503 shares trading at $11.52 as Sagicor Investments was the only broker trading the stock on behalf of clients, as well as some being bought for in house inventory purposes.
Activity on the overall market resulted in the prices of 18 stocks rising, 8 declining as 37 securities changed hands, ending in 15,580,599 units trading, valued at $163,455,688, in all market segments.
The JSE Market Index gained 621.20 lost points to 98,315.18, the JSE All Jamaican Composite index rose 694.34 points to close at 108,828.89 and the JSE combined index gained 600.84 points to end at 100,580.46.
JSE 28-5-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows only 6 stocks with bids higher than their last selling prices and 3 with offers that were lower.
In trading, Barita Investments exchanged 77,159 shares to close at $2.50, after shedding 20 cents, Cable & Wireless traded 353,348 units at 50 cents at the close Caribbean Cement had 102,760 shares changing hands at $5, to gain 60 cents at the close, but traded as low as $4.40. Carreras had 104,150 units trading unchanged at $49, Desnoes & Geddes gained 15 cents in trading 12,500 units at $7.50. Gleaner closed up 14 cents as 25,811 units changed hands at $1.10.JSe fn Qts 28-5-15 All the Jamaica Producers’ 36,937 shares traded at $18.55, Jamaica Stock Exchange traded at a new all-time high of $3.65 with 10,000 units, Margaritaville traded 89,180 units at 10.5 US cents up from 10 US cents, Mayberry Investments traded 98,500 at $3, National Commercial Bank traded 15,647 shares to close with a gain of 53 cents at $30.10. Proven Investments ended with 18,320 units as the price rose to 20.99 US cents, followed by Sagicor Real Estate Fund with 202,000 shares at $7.51, Scotia Group had 673,965 shares changing hands at $25.50 and Jamaica Money Market Brokers 8.75% preference shares with 289,776 units at $3.02.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , ,

Markets fell as more stocks decline than rise

May 26, 2015 by

Pan Jam fell $1.66 on Tuesday

Pan Jam fell $1.66 on Tuesday

Activity on the Jamaica Stock Exchange, resulted in the prices of 11 stocks rising, 15 declining as securities changed hands, ending in 251,691,499 units trading, valued at $358,211,118, in all market segments.
TheJSE Market Index lost 996.20 points to 97,498.24, theJSE All Jamaican Composite index fell/ decline/ rose 923.95 points to close at 107,915.70 and the JSE combined index dropped 1,138.33 points to end at 99,681.18.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 9 stocks with bids higher than their last selling prices and 6 with offers that were lower.
JSE sum 26-5-15In trading, Cable & Wireless ended with 1,940,000 units trading between 47 cents and the last price of 50 cents to gain 3 cents, Caribbean Cement closed with 5,400 shares at $4.01, down 34 cents, Desnoes & Geddes finished trading with 69,899 shares at $7.36 after adding a cent to the price, Gleaner saw trading in 102,913 shares to close with 7 cents gains at $1.07, Grace Kennedy closed with just 7,843 units changing hands at $63 to gain 25 cents, Jamaica Broilers finished trading with 23,138 shares while losing 25 cents to $5.25, JMMB Group concluded trading with 21,250 shares to close unchanged at $9. Mayberry Investments completed trading in 1,135,000 shares at $3 by gaining 15 cents at the end, National Commercial Bank had dealings in just 9,944 units to close down 8 cents at $29.52 at the same time the stock closed up in Trinidad at the equivalent of $31.50. Pan Jamaican Investment contributed 2,150 shares to close down by $1.66 at $58.59, JSE 26-5-15 Radio Jamaica gained 15 cents to end trading with 40,700 units at $2.75, for anew 52 weeks’ high. Sagicor Group closed with 1,471,642 shares at $12, after shedding 15 cents, Sagicor Real Estate Fund finished trading with 18,896 units at $7.50, for a 50 cents fall, Scotia Group ended trading with just 473 units to close at $25.35 after losing 15 cents. Seprod finished trading with 10,162 units at $18 to gain 50 cents, Supreme Ventures ended with 55,747 units at $3.95, up 35 cents. Trinidad Cement ended trading with 105 shares to close down by at $15, Proven Investments closed with 721,573 shares at 19 US cents, after losing 1.5 US cents. Jamaica Money Market Brokers 7.50% preference share finished trading with 350,000 units at $2.30 and Jamaica Money Market Brokers 8.75% preference share traded 199,000 shares at $3.02 and lost 3 cents.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , ,

JSE’s modest gains but 14 stocks rise

May 25, 2015 by

RJR closed at 52 weeks' high on Friday

RJR closed at 52 weeks’ high on Friday

Activity on the Jamaica Stock Exchange, resulted in the prices of 14 stocks rising, 7 declining as 29 securities changed hands, ending in 3,995,019 units trading, valued at $28,635,285, in all market segments. A total of 3 stocks closed at new 52 weeks’ high in the main market.
TheJSE Market Index gained 111.93 points to 98,494.44, the JSE All Jamaican Composite index rose 125.14 points to close at 108,839.65 and the JSE combined index put on 244.08 points to end at 100,819.51. Close to mid-day the all Jamaican Composite index ended had gained 755.19 points added while the JSE index added 675.46 points. and the junior market index gained 20.52 points to 883.66.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator continues to flash bullish signals with 14 stocks with bids higher than their last selling prices and 6 with offers that were lower.
JSE sum 22-5-15tocks trading in the main market at new closed at 52 weeks’ high are Barita Investments, Pan Jamaican Investments Trust and Radio Jamaica. Jamaica Broilers traded during the day at $5.74 for a new 52 weeks intra-day high but closed lower at a former 52 weeks closing high of $5.50. Other trades in the main market include Cable & Wireless with 459,765 shares trading at 47 cents, to record a 1 cent gain. Caribbean Cement traded 50,000 to close at $4.35 but traded as high as $4.80, Grace Kennedy gained 25 cents to close at $62.75 with 7,253 units trading, Hardware & Lumber traded only 3,000 units at $10.25 to $12, Jamaica Broilers had 27,400 trading as high $5.74 but closed unchanged at $5.50, JMMB Group has 955,266 units trading at $9 and gained 11 cents, Mayberry Investments traded 109,856 units to close at $2.85 with a 15 cents loss but traded previously at $3.National Commercial Bank had 100,819 JSE Fn Qts 22-5-15shares trading at $30, Radio Jamaica traded 100,000 shares is at $2.60, Sagicor Group traded 466,995 shares with the price climbing 15 cents to $12.15. Scotia Group had 141,655 shares changing hands at $25.50 by putting on 18 cents, Proven Investments fell to 18.50 US cents with 78,150 units trading and Jamaica Money Market Brokers 7.50% preference shares ended with 728,100 units at $2.30 as the price slipped 10 cents.
At the close of the market Sagicor Real Estate Fund had a bid at $8.30 compared with the last sale price of $8, but only 100 units were on the bid and only one offer was posted at $10. Investors are responding to reported strong increase in profit flowing from primarily form the profit of the hotel acquired in 2014, but they may not be taking into consideration the seasonal flows of revenues and profit in the industry that see strong inflows in the winter months and lower amounts in the other months.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , ,

9 stocks rose 12 declined on JSE

May 21, 2015 by

Pan Jam closed at $60 after gaining $1.19

Pan Jam closed at $60 after gaining $1.19

Activity on the Jamaica Stock Exchange, resulted in the prices of 9 stocks rising, 12 declining as 28 securities changed hands, ending in 1,649,208 units trading, valued at $11,833,234, in all market segments.
The JSE Market Index gained 112.16 points to 98,382.51, theJSE All Jamaican Composite index rose 125.41 points to end at 108,714.51 and the JSE combined index declined by 12.53 points to close at 100,575.43.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 12 stocks with bids higher than their last selling prices and 13 with offers that were lower. 7 of the lower offers are in the junior market and 2 are preference shares, an indication that main market ordinary JSE sum 21-5-15shares strength remains fairly intact at this stage and may be one reason the main market indices, recorded gains at the end of trading.
Trading included Berger Paints trading 5,000 shares to close with a loss of 40 cents at $2.60, Cable & Wireless ended with 438,117 shares at 46 cents, for a gain of 1 cent, Caribbean Cement slipped 4 cents with 48,850 shares trading, to close at $4.55, Carreras closed with 92,083 units trading at $49, by dropping $1. Desnoes & Geddes lost 44 cents in trading 5,000 shares in closing at $7.26, Grace Kennedy gained 35 cents with 9,905 units changing hands in closing at $62.50. Jamaica Stock Exchange slipped 15 cents with 43,700 shares trading at $3.35, JMMB Group had 73,345 shares trading with a gain of 44 cents to $8.89, JSE fn qts 21-5-15Margaritaville (Turks) ended with 100,000 shares trading at 10 US cents, Mayberry Investments traded just 1,020 units but lost 15 cents to end at $2.85. National Commercial Bank traded unchanged with 25,000 units at $30, Pan Jamaican traded only 1,700 shares to end with a gain of $1.19 at $60, Proven Investments closed with 17,700 units to gain almost a cent to 20.48 US cents. Radio Jamaica traded 50,000 shares unchanged at $2.58, Sagicor Group gained 50 cents in trading 135,347 units to close at $12, Scotia Group gained 36 cents with 2,190 shares trading, to end at $25.32. Scotia Investments traded only 176 units in gaining 35 cents to $25.85, Seprod lost 50 cents in trading 5,000 units at $17.50 and Supreme Ventures lost 30 cents with 10,727 units changing hands at $3.60.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , ,

20 stock gained 8 declined on JSE

May 20, 2015 by

Berger closed at a 52 weeks' high of $3 on Wednesday

Berger closed at a 52 weeks’ high of $3 on Wednesday

Wednesday was another day of more stocks rising than falling, on the Jamaica Stock Exchange but the indices fell, with the number of stocks rising, smashing those declining 20 to 8. AT the end, 35 securities changed hands, with 7 of the stocks with gains ended at 52 weeks’ high at the close. The market closed with 4,856,849 units trading, valued at $34,575,790, in all market segments.
The JSE Market Index lost just 78.06 points to 98,270.35, the JSE All Jamaican Composite index declined 87.29 points to close at 108,589.10 and the JSE combined index dropped by 142.03 points to close at 100,587.96.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows stocks with bids higher than their last selling prices and with offers that were lower.
JSE sum 20-5-2015The stocks trading in the main market at new 52 weeks’ high, are, Berger Paints, Caribbean Cement, Desnoes & Geddes, Jamaica Broilers, Jamaica Producers, and Sagicor Real Estate Fund.
In trading, Berger Paints traded between $2.58 and the closing price of $3 with 80,658 shares and ended with an increase of 45 cents, Cable & Wireless had 806,875 shares trading between 42 cents and 47 cents, to close at 45 cents, with a loss of 2 cents from Tuesday’s last price. Caribbean Cement traded 1,477,569 shares between $5.50 and the final price of $5.30 to gain 30 cents, Carreras traded just 2,871 units with a gain of $1 to close at $50. Desnoes & Geddes traded 197,238 shares at $7.70 at the end, by putting on 45 cents. Grace Kennedy posted 25,988 units but lost $1.40, to end at $62.15. Jamaica Broilers put through 136,039 units and closed at $5.50, 1 cents higher than on Tuesday. JSE fn qts 20-5-15Jamaica Producers traded at $20 with a gain of $1.45 with 3,303 shares changing hands, JMMB Group lost $1.04 in trading 81,226 shares at $8.45, Mayberry Investments had 280,022 shares changing hands at $3.10 after trading at $2.85 and added 10 cents at the close. National Commercial Bank had 136,390 units with all trading at $30. Sagicor Group closed at $11.50 with 820,961 shares trading 49 cents down at the close, Sagicor Real Estate Fund had 5,880 units trading at a new high of $8 to gain 80 cents. Scotia Group traded 104,903 shares at $25.01, Proven Investments 93,007 shares at 19.5 US cents as the price slipped 1 US cent, Jamaica Money Market Brokers 7.50% preference share traded 145,200 units at $2.40 and Jamaica Money Market Brokers 8.75% preference share traded 199,980 units at 3.05.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , ,

Rally maybe going on holiday

May 19, 2015 by

Jamaica Broilers closed at a new 52 weeks high on Tuesday

Jamaica Broilers closed at a new 52 weeks high on Tuesday

In the first hour and a half of trading Tuesday, on the Jamaica Stock Exchange, the all Jamaican Composite Index was once more over the 110,000 market. It gained 322.01 points to 110,048.85 and the JSE Index was at 99,578.98, with a gain of 288.02 points.
By the end of trading, the market gave up all the gains and much more as the market continues to struggle to move away from the resistance level which it crossed over recently. The JSE Market Index lost 939.55 points to 98,348.41, the JSE All Jamaican Composite index fell 1,050.45 points to 108,676.39 and the JSE combined index dropped 1,010.08 points to close at 100,729.99.
Activity, resulted in the prices of 10 stocks rising, 12 declining as 35 securities changed hands, ending in 9,192,775 units trading, valued at $92,864,773, in all market segments. Only three new highs were recorded in the overall market, with Jamaica Broilers ended at $5.49 and Jamaica Stock Exchange at $3.55 as new 52 weeks closing highs in the main market.
JSe sum 19-5-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 10 stocks with bids higher than their last selling prices and 3 with offers that are lower.
In trading, Berger Paints as it traded at $2.55 with 14,650 shares, but there is a strong bid at $2.55 to buy 123,873 shares. Cable & Wireless had 306,000 shares trading at 47 cents, Caribbean Cement traded 292,100 units to close at $5, Carreras traded 211,982 shares to close at $49, Gleaner posted 322,432 units to end at $1, Grace Kennedy gained 5 cents to close at $63.55 with 45,627 units, the stock traded at $65 during the trading session. Jamaica Stock Exchange put through 83,000 units and ended at $3.55, JMMB Group lost 51 cents in trading 219,760 shares at $9.49, at the close. National Commercial Bank had 113,179 units trading between $29.50 and $30.20, the closing price, as 20 cents was added. JSE fn Qts 19-5-15 Sagicor Group traded down to $11 during the day but ended up with a decline of 1 cent at $11.99, at the end with 5,150,556 shares, changing hands. Mayberry sold more than 3.5 million units mostly at $11 from their inventory and Sagicor Investments was another major buying and selling broker of the stock. Scotia Group put on 70 cents to $26 with 8,794 units trading, Seprod had 136,611 units changing hands at $18.50, and Supreme Ventures traded 116,465 shares between $3.89 and $3.95 but ended at $3.90 and Proven Investments slipped by half of a cent in trading 61,517 units at 20.5 US cents.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , ,

JSE Markets up pace slowing

May 18, 2015 by

Grace fell $1 after reporting a decline in Q1 profits

Grace fell $1 after reporting a decline in Q1 profits

The main market indices of the Jamaica Stock Exchange recorded another day of gains on Monday, but the current run up for the main market, may be peaking, until the summer months. With the latest inflation number being very tame, the stage may be set for another round of lower interest rates that could ignite the market again before long.
Activity on the Jamaica Stock Exchange, resulted in the prices of 15 stocks rising, including 8 new 52 weeks’ high, 7 declining as 35 securities changed hands, ending in 4,079,019 units trading, valued at $46,667,393, in all market segments. The JSE Market Index gained 295.86 points to 99,287.96, the JSE All Jamaican Composite index rose 330.79 points to close at 109,726.84 and the JSE combined index gained/ put on 321.05 points to close at 101,740.07. Stocks closing at new 52 weeks’ highs, in the main market are, Berger Paints, Desnoes and Geddes, Caribbean Cement, Jamaica Broilers and Radio Jamaica.
JSE sum -18-5-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 9 stocks with bids higher than their last selling prices and 3 with offers that were lower.
Stocks trading include, Berger Paints ended trading with 81,477 shares changing hands to close 20 cents higher at $2.55, Caribbean Cement closed with 240,866 shares trading, 89 cents higher, at $5.10, Carreras finished trading with 20,385 shares and lost 35 cents to close at $49, Desnoes & Geddes saw trading in 31,000 shares trading 5 cents higher at $7.25. Gleaner closed with 170,739 units trading, with the price unchanged at $1, Grace Kennedy finished trading with 42,032 shares and fell $1 to close at $63.50. Jamaica Stock Exchange concluded trading with 25,000 units trading with the last price unchanged at $3.50, JMMB Group completed trading in 11,506 shares changing hands and jumped $50 cents at $10,the stock closed with an offer at $9.49, Kingston Wharves had dealing in 34,221 units traded at 6 cents up to $6.26.JSE fn qts 18-5-15 Mayberry Investments contributed 93,828 units to trading and close unchanged at $3, National Commercial Bank ended trading with 52,070 shares changing hands to close down by 50 cents at $30 and based on today’s trading which saw the bid that was at $30 for several days, to buy an undisclosed amount being pulled, it looks as if the price could fall back below $30, Radio Jamaica closed with 100,000 shares trading at $2.48 after adding 8 cents, Sagicor Group finished trading with 1,127,037 units but remained unchanged at $12, after it trading during the day at $11. Scotia Group ended trading 72,725 units to close 14 cents higher, at $25.30, Scotia Investments closed with 2,300 shares, 75 cents up at $25.50. Jamaica Money Market Brokers 8.75% preference share finished trading with 153,398 units changing hands to close 2 cents higher at $3.02 and Proven Investments 8% preference shares saw trading in 26,805 units with the price ending unchanged at $5, after gaining 50 cents earlier in the day before falling back.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , ,

Slow Monday morning session

May 18, 2015 by

Stocks are off to a cautious trading in with few major price changes. JSE int 18-5-15The most significant price change is Scotia Group with a price of $25.90 up from $25.16 on Friday.
Caribbean Cement traded 227,030 at $5 compared with a close of $4.21 on Friday. Sagicor Group traded 727,037 units and the price slipped to $11 from$12 on Friday. Proven Investments 8% preference share traded 8,000 and gained 50 cents to $5.50. Interest in National Commercial Bank has slowed with the bid in to buy 100,860 at $28.20 compared with the last sale of 52,070 units at $30. Twenty six stocks have traded so far with ten from the junior market. Caribbean Cream trading 100,000 units at $1.20, Jamaican Teas 194,500 shares at $3 after languishing at $2.55 for a long time.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , ,

19 stocks rose only 3 fell on JSE

May 15, 2015 by

Hardware & Lumber gained $1.25 to a new high of $12 in response to news that Grace is in negotiation to sell their interest in the company

Hardware & Lumber gained $1.25 to a new high of $12 in response to news that Grace is in negotiation to sell their interest in the company

There were only three stocks declining on the Jamaica Stock Exchange on Friday, while 18 stocks rose, compared with the last traded prices on Thursday, but the main market indices dropped more than 500 points as Scotia Group fell back to $25.16. The market closed with 19 stocks rising, 8 of which closed at 52 weeks’ high, 3 declining as 28 securities changed hands, well down from the 41 that traded on Thursday. In the end a total of 5,475,513 units valued at $56,463,857 traded, in all market segments.
The rally started last year fuelled by falling money market rates with Treasury bill rate falling from over 9 percent to below 7 percent. The current rally is be fuelled by rising profits from the majority of companies reporting first quarter results.
The JSE Market Index lost 507.33 points to 98,992.10, the JSE All Jamaican Composite index fell 567.23 points to close at 109,396.05 and the JSE combined index declined 237.32 points to close at 101,419.02.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 15 stocks with bids higher than their last selling prices and 2 with offers that were lower.
JSE sum 15-5-15Stocks in the main market trading to close at a 52 weeks’ high, are Berger Paints, Desnoes & Geddes, Hardware & Lumber, Jamaica Stock Exchange, JMMB Group and Mayberry Investments. In trading, Barita Investments ended with 622,050 shares changing hands to close at $2.35, Berger Paints closed with 55,162 shares trading, 27 cents higher at $2.35, Cable & Wireless finished trading with 619,569 shares to gain 1 cent to 47 cents, Caribbean Cement saw trading in 3,351 shares, to close 1 cent higher at $4.21. Carreras closed with 32,376 shares changing hands to close 35 cents up at $49.35, Desnoes & Geddes finished trading with 14,650 shares and gained 10 cents in trading to close at $7.20, Grace Kennedy concluded trading with 307,283 units trading with the last price unchanged at $64.50, Hardware & Lumber completed trading in 9,092 shares changing hands and jumped $1.20 at $12 as investors responded to news that Grace is discussing selling their stake in the company. Jamaica Broilers had dealing in 48,730 units traded at $5.16 to remain unchanged at the end. Jamaica Stock Exchange contributed 244,616 shares, the price jumped 60 cents or 21 percent in response to the company’s huge jump in their first quarter results showing profit of $87 million or 62 cents and ended at $3.50. Trading was halted for an hour after the price exceeded 15 percent. JMMB Group ended with 27,855 shares changing hands to close up by 10 cents at $9.60, Mayberry Investments closed with 12,289 shares trading at $3,after adding 12 cents, National Commercial Bank finished trading with 468,084 units unchanged at $30.50. Pan Jamaican Investment ended trading with 14,769 units 12 cents higher, at $58.25, Sagicor Group closed with 191,168 shares trading 15 cents lower at $12. Scotia Group finished trading with 88,383 shares changing hands to close 84 cents lower at $25.16, Seprod saw trading in 335,400 shares ending 25 cents up at $18.50 and Jamaica Money Market Brokers 7.50% preference share ended with 68,650 units trading with a 5 cents rise to $2.15.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , ,

21 stocks fell 9 rose & 4 new highs

May 14, 2015 by

Mayberry traded 2.7 million shares to close at $2.88.

Mayberry traded 2.7 million shares to close at $2.88.

Activity on the Jamaica Stock Exchange, resulted in 41 securities changed hands with the prices of 9 stocks rising, 21 declining and ending with 5,742,458 units trading, valued at only $25,119,327, in all market segments. The last minute trade in some stocks with just a few units, raises questions about their validity.
The number of securities trading on Thursday is by far the largest, since IC Insider has been reporting from 2013. At the close, JSE Market Index gained 404.52 points to 99,499.43, the JSE All Jamaican Composite index rose 452.29 points to close at 109,963.28, after trading over 110,000 points during the day and the JSE combined index gained 356.44 points to close at 101,656.34. JSe sum 14-5-15There were 4 stocks closing at 52 weeks’ high in the entire market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 8 stocks with bids higher than their last selling prices and 5 with offers that were lower.
Stocks trading include, Barita Investments closed trading with 151,783 shares to end 11 cents lower at $2.26, Berger Paints had 9,858 shares trading with a gain of 8 cents to a 52 weeks’ high of $2.08, Cable & Wireless lost altitude by dropping 2 cents in trading 723,882 units, to end at 46 cents. Caribbean Cement trading 315,244 shares with the price falling to $4.20 rising back to $5, Desnoes & Geddes closed at $7.10 with 15,300 units trading, Grace Kennedy traded 106,525 shares to close down by 50 cents at $64.50 after trading as high as $65.25. The stock is unlikely to get any help in trading for the next few days as they reported lower profits in the March quarter with profit of $589 million versus $833 million in 2014. Hardware & Lumber traded just 1,750 shares to lose 25 cents to $10.75, Mayberry Investments traded 2,735,521 units up $3 but fell back to closed at $2.88, All the Mayberry shares were purchased through Mayberry Investments, JSE fn qts 14-5-15with JMMB Securities virtually all units with most being sold from JMMB inventory and bought by Mayberry for in house purposes. National Commercial Bank closed with a 51 cents loss with 92,298 shares trading to close at $30.50, Sagicor Group had just 14,630 shares trading at $12.15. Sagicor Real Estate Fund gained 68 cents with 9,427 shares trading, to end at $7.28, following first quarter report showing a big jump in profit to $570 million, from $242 million, in 2014, as the acquisition of a hotel in Montego Bay pumped up revenues and profit in the quarter, in the best period for income in the hotel sector. Salada Foods gained 25 cents with just 2,672 shares trading at $9.25, Scotia Investments ended shedding 25 cents while trading 2,150 shares to end at $24.75, Seprod ended with 120,515shares trading at $18.25 and Proven Investments had 5,000 shares trading to close at an all-time high of 21.25 US cents.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , ,