Carreras — Page 163

JSE majors in moderate trading Tuesday

February 20, 2018 by IC Insider.com

Main Market activity of the Jamaica Stock Exchange ended on Tuesday with a modest 2,910,640 shares valued at $68,467,853 changing hands as 26 securities traded, ending with 9 securities rising, 8 falling, 6 trading firm.
Trading led to gains in the market indices, with the JSE All Jamaican Composite Index rising 731.91 points to 317,872.87 and the JSE Index advancing 666.86 points to 289,618.13.
In the main market activity, Barita Investments closed at $8, with 3,653 shares, Berger Paints ended at $17.50, with 4,077 stock units, Cable & Wireless concluded trading with a loss of 1 cent at $1.36, with 37,572 units, Carreras finished at $10.95, with 167,024 shares, Caribbean Cement settled with a loss of $1.80 at $31.20, with 300 shares. Ciboney Group ended trading with a loss of 6 cents at 19 cents, with 474,739 shares, Grace Kennedy traded with a loss of 5 cents at $44.20, with 129,019 stock units, Jamaica Broilers finished trading 40 cents higher at $19, with 18,348 units, Jamaica Producers closed 15 cents higher at $15.15, with 9,500 shares. Jamaica Stock Exchange ended at $6.70, with 11,066 shares, JMMB Group concluded trading with a loss of 30 cents at $24.70, with 4,920 shares, Kingston Wharves settled at $42.60, with 77,401 units, Mayberry Investments ended trading with a loss of 41 cents at $5.09, with 9,893 shares. NCB Financial Group traded 48 cents higher at $100, with 50,269 shares, 1834 Investments finished trading 8 cents higher at $1.28, with 5,800 shares, PanJam Investment ended at $40.55, with 28,890 units, Pulse Investments finished at $1.80, with 31,300 shares. Radio Jamaica settled with a loss of 7 cents at $1.05, with 43,620 shares, Sagicor Group ended trading 50 cents higher at $36.50, with 50,119 stock units, Sagicor Real Estate Fund settled 60 cents higher at $14.65, with 337,800 shares, Scotia Group finished trading 90 cents higher at $51.50, with 733,630 shares, Seprod closed with a loss of 1 cent at $29, with 293 shares. Supreme Ventures concluded trading with a loss of 1 cent at $11.99, with 133,282 stock units, Victoria Mutual Investments finished 18 cents higher at $4.30, with 240,881 units and Wisynco Group traded 297,244 units with the price rising by 1 cent to end at $10.50. In the main market preference segment, JMMB Group closed at $1.02, with 10,000 shares changing hands.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE main market indices fall – Tuesday.”

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB, JMMB Group, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Supreme Ventures, Trading Activity, Victoria Mutual Investments, Wisynco

Main market stocks can gain 40% in 2018

February 20, 2018 by IC Insider.com

Chart of main market showing the market trading in an upward sloping channel with the market currently trading just below the upper resistance line.

Last year was a great one for Jamaican stocks but an assessment of the market suggests that 2018 could be a grand year as well with overall price gains likely to be in excess of 40 percent.
Based on projected earnings for 2018, the average PE ratio suggests that the main market stock prices should grow by 26 percent. Falling interest rates could add another 20 percent to gains during the year, bringing overall gains to be in excess of 40 percent.
Technical readings of the market have the main market heading initially to around 390,000 points or 23 percent ahead of the December close, for the all Jamaica Index, before resistance sets in, before moving much higher, later on.
Currently, the main market is caught in a wedge and trading just below the upper end of channel that can be traced to late 2015. The wedge could hold the market in consolidation mode for a short time, a month or two, before breaking out, most likely to the upside. (See Chart of market index.)
Last year was a great one for Jamaican stocks, with 14 of the 64 ordinary shares of companies that were listed prior to the December new listings, rising 100 percent or more and 16 rising between 50 and 81 percent.
IC Insider.com projects that many of the main market heavy weights will find it tough to repeat the strong gains they enjoyed in 2017, if that is the case, their impact on the market index is likely to be less than for 2017. Another factor that could make a repeat of 2017 tough, is the movement of interest rates. Last year, Treasury bill rates fell 29 percent from 6.56 percent to 4.83 percent, that level of decline, is unlikely to happen in 2018, even as some of the decline in the latter part of 2017 is yet to be fully reflected in the prices of stocks to date and should positively affect prices in 2018. IC Insider.com is forecasting rates on 182 days Treasury bill hitting 3 percent by the end of the 2018 first quarter. New listings could help move the indices in 2018, the likely impact is unknown at this point.
There are a number of other factors at play that are set to impact the market. Increasing employment is taking place with the highest number of persons employed in the country’s history. Attendant with that is the sharp fall in unemployment from more than 16.3 percent in 2013, to just over 10 percent in 2017. The annual net employment is growing around 30,000 persons per year and that could rise as the economy gains steam. This will mean more spending and increased tax collection for government. Alpart resumption of Alumina production is a big positive for the overall economy, for increased government revenues and more demand for local goods and services, some of which are provided by listed companies. The tourism sector is enjoying strong growth, apart from increasing foreign exchange intake for the country, will have direct impact on Jamaica Producers and Sagicor X Fund. Jamaica seems to be going through a construction boom with several new buildings under construction, Caribbean Cement and Berger Paints should benefit considerably from such developments.
Lower interest rates will reduce cost for many companies and revaluation of the Jamaican dollar also means lower cost but could result in lower revenues in some cases. More listings on the stock market will result in increased fee income for JSE and brokerage houses, from increased trading volumes.
The TOP 10 stocks include a few surprises while there are others that sit just outside the top stocks that investors may still want to keep a keen eye on. Investors should be looking beyond 2018 as medium term gains beyond 2018 could be strong for stocks that will benefit from current developments long term.
The TOP 10 selection is selling well below the average PE of the Main market of the Jamaica Stock Exchange at just over 6.3 versus nearly 12 at the end of 2017. The hallmark of successful investing is buy low so one can sell high that is why the huge discount of the TOP 10 make them compelling choices. Successful investing is to work to be on top of the market so current sexy stocks are not the ones likely to be in the IC Insider.com’s list.
Barita Investments has moved more into fee based income and that is working well for them, with sharp growth, while net interest income stagnates. The prospects for continued strong growth in fee income continues with more investors seeking better returns than in the fixed interest market. The company should see a change in ownership soon and that could see a more aggressive approach to management that could optimize returns from exiting business and newer lines. Unrealized gains on investment ought to be factored into its earnings in valuing the stocks and that would boost its value considerably, the market is not paying attention.
Berger Paints is set to be a big winner with increasing sales coming from a buoyant construction sector resulting in increased profit and what IC Insider.com expects to be a healthy dose of dividend payments. It could become the next Carreras from a dividend yield standpoint but with growing profits. The company will benefit from lowering of overhead cost which was evident in 2017.
Jamaica Broilers continues to grow organically and from new business being acquired. Growth will continue as the Haitian market deliver greater returns form a growing market while the poultry demand in Jamaica continues to grow.
Caribbean Cement will benefit from lower operating cost, increased sales and a planned cut in financing of the lease which is said will cut hundreds of millions of dollars out of it cost that could come close to $2 per share per annum.
Palace Amusement Company, currently enjoying sell out cinemas with block busters hit is one of those unusual choices. It enjoys minimal trading but it could surprise on the upside if all goes well. Growth in the economy and increased employment will help to boost patronage going forward and will aid in profit growth as well.
JMMB Group put out outstanding Q3 results with a 39 percent increase in profit and strong gains in revenues, auguring well for 2019 outcome.

JMMB Group Q3 profit jumped 39% in 2018

The growth potential remains strong and investors in the stock will reap rich rewards down the road. Just one stock that requires patience. By the way fees and commission income jumped an impressive 71 percent to $512 million in the quarter and 53 percent in the nine months, over the similar period in 2016 and should continue to do so going forward.
Radio Jamaica continues to disappoint with below expected revenues and profit. It could return to favour but needs to generate more income from advertising. This is one to accumulate for a payoff down the road.
The other three stocks, Sterling Investments, Grace Kennedy and Sagicor Group are undervalued and could deliver some decent returns to patient investors.
Below the TOP 10 are strong candidates to deliver decent returns this year and beyond, the list includes NCB Financial that is on a strong growth trajectory and recently listed Wisynco Group that should generate earnings around $1.10 for the 2019 fiscal year that starts in July.

Filed Under: Feature Stories, Investment 2018, JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Caribbean Cement, Carreras, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, National Commercial Bank, Radio Jamaica, Sagicor Group, Sagicor X Fund

JMMB dominates JSE trading

February 19, 2018 by IC Insider.com

Market activity ended with only 4,327,589 shares valued at $91,755,917 changing hands as 27 securities traded ending with 10 securities rising, 9 falling and 8 trading firm.
Trading in JMMB Group accounted for 71 percent of the volume of shares traded for the day. Trading led to gains in the market indices. The JSE All Jamaican Composite Index gained 1,009.19 points to 317,140.96 and the JSE Index advanced by 919.48 points to end at 288,951.27.
In the main market activity, Berger Paints ended with a loss of 49 cents at $17.50, with 633 stock units, Cable & Wireless concluded trading 1 cent higher at $1.37, with 190,477 units, Carreras finished with a gain of 44 cents at $10.95, with 35,877 shares, Caribbean Cement jumped $2.32 to close at $33, with a mere 2,525 shares, Ciboney Group ended trading with a loss of 7 cents to 25 cents, with 20,000 shares, with the stock trading ex-dividend of 34 cents. Grace Kennedy traded 25 cents higher at $44.25, with 19,093 stock units, Jamaica Broilers finished trading with a rise of 50 cents at $18.60, as 8,066 units were exchanged, Jamaica Producers lost 50 cents at $15, with 126,900 shares trading, Jamaica Stock Exchange fell 29 cents to $6.70, with 3,300 shares. JMMB Group concluded trading at $25, with 3,074,791 shares, Kingston Wharves settled 60 cents higher at $42.60, trading 15,526 units, Mayberry Investments ended trading with a loss of 49 cents to $5.50, as 57,345 shares were exchanged, NCB Financial Group slipped 48 cents to $99.52, with 22,553 shares. PanJam Investment lost 45 cents to end at $40.55, with 46,642 units, Portland JSX concluded trading at $10, with 30,650 shares, Pulse Investments finished at $1.80, as 25,000 shares changed hands, Radio Jamaica settled at $1.12, with 10,174 shares. Sagicor Group ended trading at $36, with 14,598 stock units, Sagicor Real Estate Fund settled with a loss of 85 cents at $14.05, with 175,214 shares, Salada Foods traded $1.05 higher to $11, with 10,000 units, Scotia Group finished trading and gained 5 cents to $50.60, with 100 shares, Supreme Ventures ended at $12, trading 8,840 stock units. Victoria Mutual Investments finished 2 cents higher at $4.12, with 136,776 units, Wisynco Group traded 282,109 units but lost 20 cents to end at $10.49 and In the main market preference segment, JMMB Group 7.5% closed at $1.02, with 300 shares, 138 Student Living ended at $6, with 100 shares, Proven Investments 8.25% settled 4 cents higher at $5.09, with 10,000 units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Gains for JSE main market stocks – Monday.”

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB, JMMB Group, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Supreme Ventures, Trading Activity, Victoria Mutual Investments, Wisynco Group

Moderate JSE main market trading

February 16, 2018 by IC Insider.com

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Main Market activity of the Jamaica Stock Exchange Market ended on Friday with 3,008,815 shares changing hands valued at a mere $31,052,068 as 26 securities traded ending with 9 securities rising, 8 falling, 6 trading firm.
Trading led to declines in the market indices, with the JSE All Jamaican Composite Index dropping 794.62 points to 316,131.77 and the JSE Index declining by 723.99 points to 288,031.79.
In the main market activity, Barita Investments ended with a loss of 45 cents at $8, with 937 stock units, Berger Paints closed at $17.99, with 12,166 shares, Cable & Wireless concluded trading with a loss of 2 cents at $1.36, with 43,535 units, Carreras finished with a loss of 44 cents at $10.51, with 42,730 shares, Caribbean Cement settled 18 cents higher at $30.68, with 9,500 shares. Ciboney Group closed at 32 cents with 159,414 shares traded, Grace Kennedy ended trading $1 higher at $44, with 61,564 shares, Jamaica Broilers traded 5 cents higher at $18.10, with 7,050 stock units, Jamaica Producers finished trading with a loss of 1.97 cents at $15.50, with 186,991 units, JMMB Group ended at $25, with 18,977 shares. Kingston Properties concluded trading 65 cents higher at $6.65, with 7,265 shares, Kingston Wharves finished $1 higher at $42, with 1,500 stock units, Mayberry Investments settled with a loss of 6 cents at $5.99, with 1,500 units, NCB Financial Group ended trading 20 cents higher at $100, with 51,424 shares. PanJam Investment closed 95 cents higher at $41, with 37,796 stock units, Radio Jamaica finished 12 cents higher at $1.12, with 1,621,266 shares, Sagicor Group settled 40 cents higher at $36, with 11,923 shares, Sagicor Real Estate Fund settled at $14.90, with 56,392 shares, Scotia Group traded at $50.55, with 106,638 units. Seprod finished trading with a loss of 59 cents at $29.01, leading to 156,774 shares changing hands, Sterling Investments closed with a rise of 31 cents at $9.31, with 13,427 shares, Supreme Ventures ended at $12, with 10,983 shares, Victoria Mutual Investments concluded trading with a loss of 10 cents at $4.10, after 127,537 stock units were exchanged while Wisynco Group finished at $10.69, with 304,203 units. In the main market preference segment, Jamaica Money Market 7.25% traded 100 stock units at $2.49, and Jamaica Money Market 7.5% finished trading at $1.95, with 10,706 units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE main market indices fall – Friday.”

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Supreme Ventures, Trading Activity, Victoria Mutual Investments, Wisynco

Subdued trading sinks JSE index – Thursday

February 15, 2018 by IC Insider.com

Market activity closed on The Jamaica Stock Exchange on Thursday with 28 securities changing hands, as the prices 11 rose 11 declined and 6 traded unchanged as 3,856,461 shares valued at a mere $40,581,082 changed hands.
The JSE All Jamaican Composite Index fell 1,047.87 points to 316,926.39 and the JSE Index declined by 954.73 points to 288,755.78.
In the main market activity, Barita Investments ended at $8.45, with 750 stock units, Berger Paints closed with a loss of 1 cent at $17.99, with 350 shares, Cable & Wireless concluded trading 5 cents higher at $1.38, with 107,631 units, Carreras finished at $10.95, with 200,655 shares, Caribbean Cement settled 48 cents higher at $30.50, with 11,062 shares. Ciboney Group ended trading with a loss of 8 cents at $0.31, with 482,108 shares, Grace Kennedy traded at $43, with 493 stock units, Jamaica Broilers finished trading with a loss of 15 cents at $18.05, with 500 units, Jamaica Producers closed $1.87 higher at $17.47, with 34,606 shares. Jamaica Stock Exchange ended 49 cents higher at $6.99, with 279,870 shares, JMMB Group concluded trading 48 cents higher at $25, with 207,833 shares, Kingston Properties finished at $6, with 2,500 stock units, Kingston Wharves settled with a loss of 1.60 cents at $41, with 1,761 units. Mayberry Investments ended trading 90 cents higher at $6.05, with 125,353 shares, NCB Financial Group traded 80 cents higher at $99.80, with 23,974 shares, 138 Student Living ended with a loss of 15 cents at $6, with 350 shares, PanJam Investment ended with a loss of 1.80 cents at $40.05, with 3,326 units, Pulse Investments finished at $1.80, with 2,985 shares. Radio Jamaica settled with a loss of 5 cents at $1, with 745,339 shares, Sagicor Group ended trading 10 cents higher at $35.60, with 336,636 stock units, Sagicor Real Estate Fund ended trading 5 cents higher at $14.90, with 62,225 shares. Salada Foods traded with a loss of 56 cents at $9.95, with 1,000 units, Scotia Group finished trading with a loss of 1.45 cents at $50.55, with 36,870 shares. Seprod closed at $29.60, with 1,200 shares, Supreme Ventures concluded trading 1 cent higher at $12, Victoria Mutual Investments with 57,209 stock units, finished 5 cents higher at $4.20, with 177,360 units, Wisynco Group settled with a loss of 6 cents at $10.69, with 905,215 shares and in the main market preference segment, JMMB Group closed with a loss of 1 cent at $1.02, with 47,300 shares, changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE in big rise again – Thursday.”

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Supreme Ventures, Trading Activity, Victoria Mutual Investments, Wisynco

Kingston Wharves jumps $5.55 to new high

February 13, 2018 by IC Insider.com

Kingston Wharves jumped $5.55 to a record close on Tuesday.

Kingston Wharves closed at a new record high at the close of trading on Tuesday the Jamaica Stock Exchange with the price jumping sharply by $5.55 to $42.60, with 7,763 shares changing hands, the move helped the main market indices to close by more than 1,300 points at the close.
Market activity closed with 29 securities changing hands, as the prices 8 rose 13 declined and 8 traded unchanged. The JSE All Jamaican Composite Index surged 1,439.19 points to 317,974.26 and the JSE Index jumped 1,311.26 points to 289,710.51. This was the second consecutive day with strong gains in the indices.
The number of securities trading on the main market of rose on Tuesday but the value of shares traded dropped to low levels, leading to 5,490,162 shares valued at just $27,746,053 changing hands.
In the main market activity, Barita Investments ended 94 cents higher at $8.45, with 250 stock units, Berger Paints closed with a loss of 1 cent at $18, with 39,984 shares, Cable & Wireless concluded trading with a loss of 3 cents at $1.33, with 854 units, Carreras finished at $10.95, with 320,871 shares, Caribbean Cement settled 1 cent higher at $30.02, with 4,701 shares. Ciboney Group ended trading with a loss of 1 cent at 39 cents, with 970,762 shares, Grace Kennedy traded 40 cents higher at $43, with 3,269 stock units, Jamaica Broilers finished trading 20 cents higher at $18.20, with 6,457 units, Jamaica Producers closed 10 cents higher at $15.60, with 41,029 units. Jamaica Stock Exchange ended at $6.50, with 45,523 shares, JMMB Group concluded trading with a loss of 48 cents at $24.52, with 28,228 stock units, Mayberry Investments ended trading 5 cents higher at $5.15, with 1,950 shares. NCB Financial Group traded with a loss of 95 cents at $99, with 25,065 units, 1834 Investments finished trading at $1.20, with 2,314,148 shares, PanJam Investment ended $1.85 higher at $41.85, with 3,000 units, Pulse Investments finished at $1.80, with 6,387 shares. Radio Jamaica settled at $1.05, with 523,807 shares, Sagicor Group ended trading with a loss of 50 cents at $35.50, with 31,921 stock units, Sagicor Real Estate Fund ended trading with a loss of 1 cent at $14.85, with 17,600 shares. Salada Foods traded with a loss of $1.49 at $10.51, with 200 units, Scotia Group finished trading with a loss of $1 at $52, with 71,580 shares. Seprod closed with a loss of 40 cents at $29.60, with 195 shares, Sterling Investments ended at $9, with 4,750 shares, Supreme Ventures concluded trading with a loss of 1 cent at $11.99, with 5,795 stock units, Victoria Mutual Investments finished trading at $4.15, with 160,956 units. Wisynco Group settled at $10.75, with 802,550 shares and in the main market preference segment, JMMB Group 7.5% lost 1 cent to close at $1.03 with 567 shares and Proven Investments settled with a loss of 85 cents at $5.05, with 50,000 units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE in big rise again – Tuesday.”

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB, JMMB Group, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Supreme Ventures, Trading Activity, Victoria Mutual Investments, Wisynco

JSE majors jump – Monday

February 12, 2018 by IC Insider.com

Scotia Group price jumped by $3 on Monday.

Sharp price changes on the main market of the Jamaica Stock Exchange results in a rise in the market on Monday, leading to strong gains in the market indices as 7,713,887 shares valued at $88,768,495 changed hands.
Market activity closed with 25 securities changing hands, as the prices 9 rose 8 declined and 8 traded unchanged, as the JSE All Jamaican Composite Index surged 1,933.56 points to 316,535.07 and the JSE Index jumped 1,761.69 points to 288,399.25.
In the main market activity, Berger Paints closed at $18.01, with 12,000 shares, Cable & Wireless concluded trading 1 cent higher at $1.36, with 129,445 units, Carreras finished with a loss of 5 cents at $10.95, with 612,057 shares, Caribbean Cement settled with a loss of 3.04 cents at $30.01, with 176,750 shares, Ciboney Group ended trading at 40 cents, with 385,564 shares. Grace Kennedy traded with a loss of 5 cents at $42.60, with 120,827 stock units, Jamaica Broilers finished trading with a loss of 1 cent at $18, with 709,823 units, Jamaica Producers closed at $15.50, with 11,000 shares, JMMB Group concluded trading at $25, with 10,942 shares. Mayberry Investments ended trading 29 cents higher at $5.10, with 4,963 shares, NCB Financial Group traded $99.95 higher at $99.95, with 120,086 shares, 1834 Investments finished trading with a loss of 3 cents at $1.20, with 1,010,000 shares, PanJam Investment ended with a loss of 1.85 cents at $40, with 100 units. Portland JSX concluded trading 50 cents higher at $10, with 1,500 shares, Pulse Investments finished at $1.80, with 919,864 shares, Radio Jamaica settled at $1.05, with 8,710 shares, Sagicor Group ended trading $1 higher at $36, with 52,052 stock units. Scotia Group finished trading $3 higher at $53, with 440,646 shares, Seprod closed 20 cents higher at $30, with 8,668 shares, Supreme Ventures concluded trading 1 cent higher at $12, with 207,425 stock units, Victoria Mutual Investments finished with a loss of 18 cents at $4.15, with 578,368 units. Wisynco Group settled 15 cents higher at $10.75, with 339,550 shares and Sagicor Real Estate Fund ended trading with a loss of 14 cents at $14.86, with 75,555 shares. In the main market preference segment, Jamaica Money Market traded at $1.95, with 490,528 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Cement drops $3.04 Scotia up $3 – Monday.”

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Supreme Ventures, Trading Activity, Victoria Mutual Investments, Wisynco

12 stocks rose 12 fell in JSE trading – Friday

February 9, 2018 by IC Insider.com

The prices of 12 stocks securities trading on the main market of the Jamaica Stock Exchange rose on Friday leading to strong gains in the market indices, with 7,713,887 shares valued at $88,768,495 changing hands at the close.
Market activity closed with 27 securities changing hands, as the prices 12 declined and 3 traded unchanged, as the JSE All Jamaican Composite Index declined 1,081.34 points to 314,601.51 and the JSE Index lost 985.23 points to 286,637.56.
In the main market activity, Berger Paints closed 1 cent higher at $18.01, with 41,028 shares, Cable & Wireless concluded trading 3 cents higher at $1.35, with 41,397 units, Carreras finished 10 cents higher at $11, with 233,446 shares, Caribbean Cement fell of 95 cents t0 $33.05, with 24,235 shares, Ciboney Group ended trading at $0.40, with 364,871 shares. Grace Kennedy traded with a loss of 35 cents at $42.65, with 9,176 stock units, Jamaica Broilers finished trading $1 higher at $19, with 196,391 units, Jamaica Producers declined by $2.50 at $15.50, with 15,000 shares, Jamaica Stock Exchange rose 1 cent to $6.50, with 204,800 shares. JMMB Group concluded trading with a loss of 1 cent at $25, with 6,005 shares, Kingston Wharves settled 55 cents higher at a 52 weeks’ high of $37.05, with 9,600 units, Mayberry Investments ended trading with a loss of $1.08 at $4.81, with 220,225 shares, NCB Financial Group declined by 45 cents and ended at $99.55, with 1,249,021 shares trading, 1834 Investments traded with a loss of 16 cents at $1.23, with 3,850 shares. PanJam Investment closed $2.35 higher at $41.85, with 2,070 stock units, Pulse Investments concluded trading at $1.80, with 17,900 shares, Radio Jamaica finished with a loss of 1 cent at $1.05, with 550,640 shares, Sagicor Group settled at $35, with 33,150 shares. Sagicor Real Estate Fund settled 35 cents higher at $15, with 22,618 shares, Salada Foods ended trading 80 cents higher at $12, with 300 stock units, Scotia Group traded with a loss of $1 at $50, with 330,717 units, Seprod finished trading with a loss of 20 cents at $29.80, with 14,946 shares, Sterling Investments closed with a loss of 10 cents at a 52 weeks’ low of $9, with 131,823 shares. Supreme Ventures ended 29 cents higher at $11.99, with 30,479 shares, Victoria Mutual Investments concluded trading with a loss of 7 cents at $4.33, with 221,578 stock units and Wisynco Group finished 15 cents higher at $10.60, with 741,658 units. In the main market preference segment, Jamaica Money Market 7.5% traded 5 cents higher at $1.95, with 1,260,698 stock units changing hands.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE main market falls on Friday.”

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Supreme Ventures, Trading Activity, Victoria Mutual Investments, Wisynco

11 stocks rose 9 fell in JSE trading – Thursday

February 8, 2018 by IC Insider.com

Bulls active

The prices of 11 stocks securities trading on the main market of the Jamaica Stock Exchange rose on Thursday leading to strong gains in the market indices, with 7,713,887 shares valued at $88,768,495 changing hands at the close.
Market activity closed with 28 securities changing hands, as the prices 9 declined and 8 traded with the JSE All Jamaican Composite Index climbing 1,482.29 points to 315,682.85 and the JSE Index rising 1,350.53 points to 287,622.79.
In the main market activity, Berger Paints closed at $18, with 35,618 shares, Cable & Wireless concluded trading with a loss of 1 cent at $1.32, with 880,420 units, Carreras finished with a loss of 10 cents at $10.90, with 230,990 shares, Caribbean Cement settled 25 cents higher at $34, with 42,753 shares, Ciboney Group ended trading with a loss of 1 cent at 40 cents, as 1,063,621 shares changed hands. Grace Kennedy fell 15 cents to $43, with 12,213 stock units, Jamaica Broilers lost $1 to close at $18, with 40,445 units, Jamaica Producers closed $2.50 higher at $18, with 33,828 shares, Jamaica Stock Exchange gained 4 cents to $6.49, with 22,982 shares. JMMB Group concluded trading $1.01 higher at $25.01, with 182,000 shares, Mayberry Investments ended trading 13 cents higher at $5.89, with 47,990 shares, NCB Financial Group rose 1 cent to $100, with 501,618 shares, 1834 Investments finished trading with a loss of 1 cent at $1.39, exchanging 385 shares. 138 Student Living ended at $6.15, with 1,083 shares, PanJam Investment ended at $39.50, with 66,575 units, Portland JSX concluded trading with a loss of 61 cents at $9.50, with 3,000 shares, Radio Jamaica settled 1 cent higher at $1.06, with 64,747 shares, Sagicor Group ended trading with a loss of 1 cent at $35, with 54,549 stock units. Salada Foods traded 69 cents higher at $11.20, with 102,000 units, Scotia Group finished trading $1 higher at $51, with 46,822 shares, Seprod closed 50 cents higher at $30, with 3,080 shares, Supreme Ventures concluded trading with a rise of 5 cents to $11.70, with 45,769 stock units. Victoria Mutual Investments finished at $4.40, with 216,776 units and WISYNCO Group settled with a loss of 10 cents at $10.45, with 1,219,288 shares. In the main market preference segment, Jamaica Money Market 7.5% traded at $1.90, with 797 stock units, JMMB Group 7.5% closed at $1.10, with 2,794,538 shares, changing hands.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Strong up day for JSE main market – Thursday.”

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB, JMMB Group, Mayberry Investments, NCB Financial Group, PANJAM Investment, Proven Investments, Radio Jamaica, Sagicor Group, Salada Foods, Scotia Group, Seprod, Supreme Ventures, Trading Activity, Victoria Mutual Investments, Wisynco

9 JSE stocks rose 10 fell – Wednesday

February 7, 2018 by IC Insider.com

The prices of 9 stocks securities trading on the main market of the Jamaica Stock Exchange rose but 10 fell and 9 held firm on Wednesday leading to fall in the market indices, with 8,750,362 shares valued at $150,223,412 trading.
Trading volume was dominated by Ciboney with 1.295 million units, PanJam Investment 1.5 million shares and Sagicor Real Estate Fund clearing 3.26 million units.
Market activity closed with 28 securities changing hands, with the JSE All Jamaican Composite Index dropped 701.49 points to 314,200.56 and the JSE Index falling 639.13 points to 286,272.26.
In the main market activity, Berger Paints closed 50 cents higher at $18, with 5,313 shares, Barita Investments ended with a loss of 49 cents at $7.51, with just 100 stock units, Cable & Wireless concluded trading at $1.33, with 69,509 units, Carreras finished at $11, with 352,348 shares, Caribbean Cement settled with a loss of 25 cents at $33.75, with 177,113 shares. Ciboney Group ended trading 1 cent higher at 41 cents, with 1,295,086 shares, Grace Kennedy traded 15 cents higher at $43.15, with 912 stock units, Jamaica Broilers finished trading at $19, with 15,704 units, Jamaica Producers closed with a loss of 50 cents at $15.50, with 195,833 shares. JMMB Group concluded trading with a loss of 50 cents at $24, with 195,356 shares, Kingston Properties finished with a loss of 1 cent at $6, with 200,000 stock units, Kingston Wharves closed $1 higher at 52 weeks’ high of $36.50, with 150 units, Mayberry Investments ended trading with a loss of 29 cents at $5.76, with 176,568 shares. NCB Financial Group traded 29 cents higher at $99.99, with 144,707 shares, 138 Student Living ended at $6.15, with 1,500 shares, PanJam Investment ended with a loss of 55 cents at $39.50, with 1,500,000 units, Pulse Investments finished at $1.80, with 13,903 shares, Radio Jamaica settled with a loss of 7 cents at $1.05, with 71,020 shares. Sagicor Group ended trading $1.25 higher at $36, with 14,245 stock units, Scotia Group finished trading at $50, with 8,769 shares, Seprod closed 68 cents higher at $29.50, with 16,774 shares, Sterling Investments ended with a loss of 90 cents at $9.10, with 80,752 shares. Supreme Ventures concluded trading 8 cents higher at $11.65, with 11,067 stock units, Victoria Mutual Investments finished 5 cents higher at $4.40, with 130,063 units, Wisynco Group settled with a loss of 20 cents at $10.55, with 388,813 shares and Sagicor Real Estate Fund ended trading with a loss of 30 cents at $14.65, with 3,260,757 shares. In the main market preference segment, Jamaica Money Market 7.5% traded at $1.90, with 6,000 stock units, JMMB Group 7.5% closed at $1.10, with 418,000 shares changing hands.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE main market dropped on Wednesday.”