Thursday’s activity on the Jamaica Stock Exchange, resulted in the prices of 9 stocks rising and 6 declining as 24 securities changed hands, ending in 4,155,612 units trading, valued at $38,853,829, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 4 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower.
Main Market| The JSE Market Index gained 80.66 points to 74,569.04, the JSE All Jamaican Composite index rose 90.19 points to close at 82,089.86 and the JSE combined index increased by 91.69 points to close at 76,481.10.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Gleaner finishing with 30,000 shares at 1 cent gain at $1.01, Jamaica Broilers with 2,330 shares changing hands, closed 9 cents higher to $4.10. Jamaica Money Market Brokers ended trading 664,120 ordinary shares and gained 40 cents to $7, Mayberry Investments saw trading in 230,000 units to close with a gain of 2 cents at $1.52, Pan Jamaican Investment ended with 3,000 shares rising 24 cents to $50.50 Sagicor Group closed with 183,270 units and put on 1 cent to $10 and Scotia Group finished trading with 269,756 shares at 30 cents higher at $19.70.
Firm| Stocks in the main market to close without a change in the last traded price are, Grace Kennedy with 12,394 shares to end at $60.50, Kingston Wharves with 23,000 shares at $6. Proven Investments had 7,097 ordinary shares, changing hands at 17.50 US cents and Sterling Investments concluded trading with 30,000 shares changing hands, to close at $134.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless ended with 198,271 units as the price slipped 7 cents to 43 cents, Caribbean Cement closed with 2,500 shares trading 14 cents higher to $2.26, Margaritaville ended with 200 units, the price slipped 1 US cent to a 52 weeks, low of 10 US cents and National Commercial Bank closed with 978,842 shares trading, but lost 5 cents to $19.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 273,624 units at $3.
9 up 6 down on JSE
8 up 9 down on JSE
Tuesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 8 stocks rising and 9 declining as 27 securities changed hands, ending in 4,235,650 units trading, valued at $51,526,408, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 3 stocks with bids higher than their last selling prices and 8 stocks with offers that were lower.
Main Market| The JSE Market Index fell 194.52 points to 74,012.60, the JSE All Jamaican Composite index declined 217.50 points to close at 81,467.68 and the JSE combined index dropped 146.86 points to close at 75,883.36.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Jamaica Money Market Brokers, finishing trading with 50,000 ordinary shares, 7 cents higher at $6.57. National Commercial Bank finished trading with 49,500 shares while gaining 1 cent to $18.51, Pan Jamaican Investment saw trading in 4,039 units, to close with a gain of 1 cent to $50.27, Scotia Group 108,965 shares traded at 22 cents higher to close at $19.62 and Supreme Ventures with 74,000 shares changing hands, gained 1 cent to $1.76.
Firm| The stocks in the main market to close without a change in the last traded prices are, Gleaner with 110 shares at $1.05, Jamaica Broilers closing with 501,266 shares changing hands at $4, Jamaica Producers concluded trading with 5,000 shares at $15.50. Kingston Wharves had 4,285 shares changing hands $6, Mayberry Investments ended trading with 74,610 shares changing hands to close at $1.50 and Scotia Investments closed with 30,000 shares at $22.51.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless finished trading with 1,670,678 units and fell 7 cents to 42 cents, Caribbean Cement concluded trading with 10,728 units with a decline of 1 cent to $2.40, Carreras exchanged 1,128,573 shares in trading, with a loss of $2 to close at $35, for Desnoes & Geddes there was dealing in 145,000 units, to close with a 5 cents fall to $4.85. Grace Kennedy contributed just 1,520 shares to trading but lost of 50 cents to end at $60.50, Palace Amusement concluded trading with 100 units to fall $13 to a 52 weeks’ low of $77, Proven Investments exchanged 80,033 units with a decline of 0.49 cent to 17.5 US cents and Sagicor Group ended trading with 145,000 units, with a decline of 1 cent to $9.99.
Preference| Jamaica Money Market Brokers 8.75% preference share traded with 155 units changing hands with a gain of 1 cent to $3 and Jamaica Money Market Brokers 7.50% finished trading with 14,500 shares trading at $2.
C&W & declining stocks dominate
Thursday’s activity on the Jamaica Stock Exchange, resulted in the prices of 5 stocks rising and 7 declining, as 19 securities changed hands, ending in 10,308,932 units trading, valued at $11,431,758, in all market segments. Cable & Wireless, continuing to trade in higher than normal volumes this year, accounted for 9.77 million of the volume.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator showed 5 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower, a neutral situation.
Main Market indices| The JSE Market Index gained 153.62 points to 73,236.56, the JSE All Jamaican Composite index rose 171.76 points to close at 80,599.95 and the JSE combined index gained 115.71 points to close at 75,056.62.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Carreras finishing trading with 66,822 shares changing hands, to gain 55 cents at $35.55, Desnoes & Geddes concluded trading with 60,000 shares, 3 cents higher to $4.95, National Commercial Bank ended with 30,960 shares while gaining 10 cents to $17.11, Sagicor Group closed with 10,233 units with a gain of 20 cents to $9.80 and Seprod finished trading with 16,528 units, the price rose 63 cents to $11.88.
Firm| The stocks in the main market to close without a change in the last traded prices are, Berger Paints having 6,363 shares changing hands, to close at $1.60, Grace Kennedy concluded trading with 5,000 shares at $62, Jamaica Broilers exchanged 27,954 shares at $4, Radio Jamaica contributed 5,478 shares, in trading at $1.18 and Supreme Ventures ended trading with 3,000 shares at $1.75.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless ending with 9,771,352 units, trading between 60 cents and 50 cents, at the close the price slipped 1 cent to 50 cents, as selling increased from Wednesday. The stock traded mostly above 56 cents, but traded 476,700 units at 51 cents and 445,000 units at 50 cents less than 2 minutes from the close, to pull the price down and the end.
Jamaica Money Market Brokers ordinary share, closed with 101,200 units trading to fall 20 cents to $6.80, Jamaica Producers finished with 2,000 shares, loss 1 cent to $15.50 and Scotia Group ended trading with 36,844 units to fall 57 cents to $19.40.
Preference| Jamaica Money Market Brokers 8.75% preference share had 66,000 units changing hands at $3.
Carreras, C&W and Grace dominate JSE
With technical indicators pointing to growth ahead, in the prices main market stocks, trading activity on the Jamaica Stock Exchange, on Wednesday, showed signs of trading picking up, in keeping with what has been known, as the usual year-end rally.
The three main trades today are Cable & Wireless with nearly 23 million shares, in 95 trades, Carreras with 1.7 million shares in 22 trades and Grace with 1.3 million shares with only 3 trades.
At the close, the prices of 5 stocks rose and 5 declined, as 18 securities changed hands, ending in 26,947,786 units trading, valued at $158,583,174, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 4 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
Main Market| The JSE Market Index lost a mere 9.89 points to 73,082.94, the JSE All Jamaican Composite index slipped 11.05 points to close at 80,428.19 and the JSE combined index declined by 10.68 points to close at 74,940.91.
Gains| Stocks recording gains at the last traded prices, at the end of trading in the main market are, Grace Kennedy trading 1,314,690 shares while gaining $3.90 to end at $62 for total consideration of $480,860,780, Kingston Wharves closed with 500 units to close with a gain of 11 cents to $5.41, National Commercial Bank finished trading with 28,822 shares, rising 1 cent to $17.01, Scotia Group saw trading in 2,990 units and put on 22 cents, to $19.97 and Scotia Investments ended with 32,000 shares trading 49 cents higher to $22.
Firm| Stocks in the main market closing without a change in the last traded prices are, Desnoes & Geddes that had 126,100 shares changing hands at $4.92, Jamaica Broilers concluded trading with 81,800 shares, trading at $4, Jamaica Money Market Brokers exchanged 518,134 ordinary shares at $7, Mayberry Investments ended trading in 96,890 shares at $1.50, Pan Jamaican Investment finished trading with 865 shares changing hands at $50.15 and Supreme Ventures finished trading with 2,000 shares at $1.75.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless closing with 22,917,657 shares trading, 1 cent lower at 53 cents, after opening at 64 cents, Carreras finished with 1,665,948 shares valued at $58,334,031 with a loss of 99 cents to $35, Proven Investments with 12,870 units, declined 0.01 cent to 17.99 US cents and Sagicor Group finished trading with 54,130 units, and declined by 5 cents to $9.60.
CWJ trade at 37C cancelled on JSE
In Friday’s Jamaica Stock Exchange activity, Cable & Wireless (C&W) that is now in hot pursuit by just about all the brokers, flowing from the release of the announced acquisition of Flows operation worldwide and news of continued strong growth in new cell customers, traded at 37 cents, but did not trade in the end, as the trades were cancelled, having exceeded the maximum level permitted in a day and no sellers prepared to sell below, before trading closed.
At the end of trading, C&W had 9,997,276 units to buy at 36 cents and just under 232,000 units to sell at 50 cents. The market ended with the prices of 7 stocks rising and 7 declining as 23 securities changed hands and 5,811,093 units trading, valued at $41,708,849, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 10 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower. This positive indicator is in keeping with the technical signal from the main market, showing the short term moving average, crossing over the medium term moving average, amongst other positive indicators.
Main Market| The JSE Market Index lost 59.52 points to 72,842.87, the JSE All Jamaican Composite index fell 66.55 points to close at 80,159.75 and the JSE combined index declined 67.63 points to close at 74,661.51.
Gains| Stocks gaining at the last traded prices, at the close of the main market are, Grace Kennedy ending with 75,798 shares, 50 cents higher at $60, Kingston Wharves closing with 1,345 shares while gaining 15 cents to $5.30, Mayberry Investments saw trading in 106,028 shares while rising 1 cent to $1.51 and Supreme Ventures ended with 48,800 units and put on 3 cents to $1.73.
Firm| The stocks in the main market to close without a change in the last traded prices are, Berger Paints, finishing trading with 36,700 shares, changing hands at $1.60, Desnoes & Geddes concluded trading with 1,984,085 shares at $4.60, but closed with the bid at $4.80, to buy $20,600 shares.There was dealing in 35,462, Jamaica Broilers shares at $4, Jamaica Money Market Brokers contributed 2,158 ordinary shares in closing at $7, Palace Amusement concluded trading with 27,970 shares at $90 and Sagicor Group exchanged 392,771 shares at $9.65.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Caribbean Cement, closed with 10,000 shares, to end 20 cents lower at $2.40, Carreras saw trading in 45,173 units, to end with a decline of 2 cents at $34.48, National Commercial Bank closed with 742,177 shares traded, with a loss of 80 cents to $17 and Proven Investments finished trading with 3,240 units to fall 0.01 cent at 17.99 US cents.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 241,000 units at $3.
JSE starts November positively
In Monday’s activity on the Jamaica Stock Exchange, the prices of 6 stocks rose and 4 declined, as 20 securities changed hands, ending in 513,363 units trading, valued at $5,353,713, in all market segments. The main market had one stock closing with a loss, while the junior market had only one stock gaining.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
Main Market| The JSE Market Index gained 205.33 points to 71,911.62, the JSE All Jamaican Composite index rose 229.58 points to close at 79,118.47 and the JSE combined index gained 157.17 points to close at 73,716.73.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Caribbean Cement with 6,000 units, gained 25 cents to $2.65, Grace Kennedy added 35,510 shares and gained $1 to end at $59, Kingston Wharves put through 650 shares, increased by 5 cents to close at $5.15, there was activity in Scotia Investments with 5,550 units, as the price increased by 60 cents, to close at $22 and Seprod with 10,850 shares gained 25 cents to close at $11.25.
Firm| The stocks in the main market to close without a change in the last traded prices are, Carreras with 50,174 shares to end at $34.50, Desnoes & Geddes had 1,000 units and closed at $4.95, Jamaica Money Market Brokers with 54,104 ordinary shares ended at $7, Mayberry Investments had 82,358 units trading, and closed at $1.50, National Commercial Bank contributed 2,490 shares to total of stocks trading, and ended at $17, Proven Investments had 1,880 units trading to close at 18 US cents and Sagicor Real Estate Fund 6,300 shares, closed at $6.65.
Declines| Sagicor Group with 27,000 shares traded with a lost 1 cent to end at $9.65 was the only stocks with a loss at the end of trading in the main market.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 32,988 units to close at $3.
8 up & 9 JSE stocks down Wednesday
Wednesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 8 stocks rising and 9 declining as 24 securities changed hands, ending in 1,412,626 units trading, valued at $4,275,609, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than their last selling prices and 7 with offers that were lower.
Main Market| The JSE Market Index gained 91.59 points to 71,657.61, the JSE All Jamaican Composite index rose 102.42 points to close at 78,834.46 and the JSE combined index gained 91.20 points to close at 73,547.09.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Caribbean Cement with 62,500 shares changing hands, closed 20 cents higher at $2.40, Jamaica Broilers exchanged 12,260 shares, 1 cents higher at $4.16, Jamaica Money Market Brokers with 214 ordinary shares trading, rose 5 cents rise to $7.05, National Commercial Bank saw trading in 19,401 shares as the price ended with a 40 cents gain, to $17.95, Radio Jamaica 27,916 shares ended with the price rising 5 cents to $1.20 and Sagicor Group had 32,554 shares changing hands 5 cents higher at $9.65.
Firm| The stocks in the main market to close without a change in the last traded price are, Carreras with 4,520 shares and closed at $34.60, Mayberry Investments had 2,040 shares trading to end at $1.40, Salada Foods had 20,000 shares trading to close at $7.85, Scotia Group with 21,100 shares changing hands ended at $19.11 and Seprod closed with 114,269 shares at $11.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless with 174,393 shares, closing a cent lower at 28 cents, Desnoes & Geddes with 50,000 shares, lost 18 cents to $4.80, Gleaner closed with 13,994 units changing hands, 5 cents lower at $1.05, Grace Kennedy with only 240 units, ended down 76 cents to $57.24, Pan Jamaican Investment had only 1,000 active shares, but lost 15 cents to end at $49.05 and Supreme Ventures ended with 3,500 units with a loss of 2 cents at $1.70.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 83,412 units at $3 and Jamaica Money Market Brokers 7.25% preference share traded a mere 970 shares, closed with a cent loss, at $2.49.
Trading picks up 12 stocks rise
Grace gained $1.34 to close at $57.95 on Friday
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 7 stocks with offers that were lower, suggesting fluidity in price movements in the short term.
Main Market| The JSE Market Index gained 114.23 points to 71,665.90, the JSE All Jamaican Composite index rose 127.73 points to close at 78,843.73 and the JSE combined index was up by only 45.79 points, to close at 73,567.74 as the junior market index fell.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Carreras with 105,570 shares trading, rose 16 cents to $34.50, Caribbean Cement with 1,500 shares, closed 7 cents higher at $2.20, Gleaner had 3,900 shares changing hands, 5 cents greater at $1.10, Grace Kennedy put through 2,900 units with a gain of $1.34 to $57.95, Mayberry Investments with 2,453,103 shares, was up 4 cents at $1.40, Pan Jamaican Investment closed higher at $50 with 69,616 units, to gain 90 cents, Sagicor Real Estate Fund 7,800 shares traded 40 cents up to $7, Seprod had 50,000 units being active and added 5 cents to $11 and Supreme Ventures had only 2,000 shares changing hands, 12 cents higher at $1.72.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless having 38,861 shares changing hands at 29 cents, Jamaica Money Market Brokers with 25,300 ordinary shares, closed at $7, Kingston Wharves with 450 shares, ended at $5.50, Proven Investments traded 24,460 ordinary shares and ended at 18 US cents and Scotia Group with 22,534 shares closed at $19.50.Declines| The last traded prices of stocks with losses at the close of the main market are, Desnoes & Geddes trading 5,570,641 shares at $4.70, after slipping 9 cents, National Commercial Bank saw trading in 45,159 shares as the price ended 19 cents down at $17.80 and Sagicor Group with 465,779 units, fell 5 cents to close at $9.50.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 2,332,279 units 2 cents up to $3, the Jamaica Money Market Brokers 7.50% preference share traded 718,300 units at $2, Jamaica Public Service 9.5% preference share traded 200 units at $1,006.10 and Proven Investments 8% preference share traded 1,800 units at $5.
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Profit up in Q3 at Carib Cement
Caribbean Cement reported profit of $78 million for the September 2014 quarter, losses of $89 million in the second quarter, helped pull the results down to just $25 million, for the nine months to September this year.
A profit of $32 million was reported in the nine months to September last year. The 2013 profit performance includes exceptional income of $591 million arising from the reversal of charges previously accrued from the debt restructuring with the parent company, Trinidad Cement, but the results for that year also had some exceptional charges, that have not recurred in 2014, including foreign currency losses amounting to $689 million.
Sales Volume| Both domestic and export cement sales volume grew over the nine month period, 2 percent in the local market and 7 percent for exports, while clinker sales grew from 6,700 tonnes to 80,400 tonnes to satisfy the contract to supply clinker to Venezuela. Overall, the plant sold a total of 650,000 tonnes of cement and 80,000 tonnes of clinker, well below the rated capacity of the plant. Sales revenue amounted to $3.5 billion in the September quarter and $10.75 for the year to September, up from $3.2 billion for the September 2013 quarter, and $8.9 billion for the nine months. While the volume of local sales rose, export of cement fell but clinker is up in the quarter.
Outlook| “The recent trend in the domestic market is expected to continue as well as improvement in the export earnings. In addition, we have entered into a new agreement to supply 240,000 tonnes of clinker to Venezuela, starting shipments in October 2014. We therefore remain cautiously optimistic that these favourable results can be sustained.” New chairman Christopher Dehring stated.
The 2015 year, could well experience further growth in domestic sales, as the local economy slowly improve as interest rates should continue to recede, thus lending some life to the construction industry.
But the company continues to be saddled with high debt and the cost of servicing it, which for the nine months is $250 million. With profit after depreciation, but before interest being $270 million, the risk of falling into a loss is great, unless volumes increase at a faster pace that is has so far this year.
The company has accumulated a pile of losses and will require several years of profitable trading to wipe it off and commence the payment of dividends, until then investors will have to look to growth in profits and movement in the stock price for compensation.
3 sevens clash again on JSE
Wednesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 7 stocks rising and 7 declining as 21 securities changed hands, culminating in 1,774,287 units trading, valued at $11,185,286, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 9 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
Main Market| The JSE Market Index lost 478.38 points to 71,406.17 and the JSE All Jamaican Composite index declined 534.89 points to close at 78,553.31.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Caribbean Cement with 3,000 units, increased 1 cents to $2.13, Jamaica Broilers exchanged 3,350 shares, 5 cents higher at $4.05, National Commercial Bank saw trading in 459,910 shares as the price ended 39 cents higher to $17.90, Pan Jamaican Investment with 5,000 shares closed 10 cents higher to $49.10, Proven Investments with 414 shares added 0.99 cents to 18 US cents and Scotia Group had 10,400 shares changing hands, 4 cents higher to $19.11.
Firm| The stocks in the main market to close without a change in the last traded prices are, Carreras with 17,596 shares trading to close at $34.99, Gleaner with 140,883 units closed at $1.05 and Mayberry Investments traded 1,357 shares at $1.55.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Desnoes & Geddes in trading 14,000 shares at $4.79, slipped 1 cent, Jamaica Money market Brokers with 14,420 ordinary shares, closed 50 down at $7, Jamaica Stock Exchange with 592 units, lost 5 cents to end at $1.84, Kingston Wharves traded 98,465 units with a fall of $1.40 to close at $5.10 and Salada Foods with only 6,100 shares, closed with a 5 cents loss at $7.85.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 1,067 units at $2.98 and Proven Investments 8% preference share traded 12,200 units at $5.