4 juniors close at new high

November 17, 2015 by
Honey Bun traded at a 52 weeks' high on Tuesday.

Honey Bun traded at a 52 weeks’ high on Tuesday.

The junior market enjoyed another day of mostly increasing prices but ended with a 8.50 points loss of the index to 1,627.75. Trading finished with 14 active securities, 7 of which advanced and 5 declined. A total of 3,428,064 units, valued at $14,859,800 changed hands. The market ended with 4 stocks closing at new 52 weeks’ high.
Only 2 securities ended with no bids to buy and 11 had no stocks being offered for sale, an indication of chronic supply shortage of junior market stocks. A total of 8 stocks closed with bids higher than the last traded prices and none closed with a lower offer.
In trading, Access Financial lost $1, in trading 23,727 shares to close at $12.50. Caribbean Cream ended with 145,545 shares changing hands at $4.60, for a gain of 10 cents, Caribbean Flavours traded 140,890 units to end at $5, Caribbean Producers closed with a gain of 1 cent in trading 2,239,031 units at $4.61, for a new 52 weeks’ high but the stock traded as high as $6. Investors pushed Consolidated Bakeries up by 5 cents at the close, to end at $1.65 with 56,578 units changing hands. Derrimon Trading rose 30 cents with a mere 588 units changing hands at a 52 weeks’ high of $3.50, Dolphin Cove traded 145 units at $13.70 while losing 58 cents, General Accident Insurance traded 251,641 units at $1.90 for a 2 cents decline.JM - gph 17-11-15 Honey Bun with 73,727 shares changing hands, closed higher by 20 cents to a 52 a weeks’ high of $5.50, KLE Group gained 8 cents and ended with 14,920 units trading at 82 cents, Lasco Distributors closed with 5,350 shares changing hands to end at $4.38. Lasco Financial ended with a decline of 10 cents to $3.40, with a total of 400,852 shares changing hands, Lasco Manufacturing closed at $3.75 with 65,070 shares trading with a loss of 20 cents and Paramount Trading ended with 3,102 shares changing hands and gained of $1.79 to $9, for a new 52 weeks’ high.

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

Christmas treat for Carreras owners

November 13, 2015 by

CarrerasTobaccoFree280x150Shareholders of Carreras are in for a nice Christmas treat with a big distribution in December. The company announced the payment of an interim dividend of $1.40 per share payable on December 10, for shareholders on record as at November 27, 2015 and a special capital cash distribution of $1.94 per share payable on December 17, to shareholders on record as at November 27, 2015.
The ex-dividend date for both payments is November 25, 2015. The payment in December will bring the amounts paid in 2015 to $8.74, with a dividend yield of 24 percent, based on the stock price at the start of the year. In addition, the stock has gained 54 percent so far this year, for a total return of 78 percent. Going forward investors can expect to receive around $6 per share as most of if not all of the capital distributions are over for now with the full amount that funded capital distributions were due from the government and the amount is now fully collected.
Prior to these proposed payments, dividends were paid in September, amounting to $1.20 per share along with and interim special capital cash distribution of $0.60 per share. An interim dividend of $2 per share was pay on June 25 and an interim dividend of $1.60 per share was paid on March 12.
Interim results to September, show revenues and profit rising in the quarter, with revenues climbing to 15 percent for the quarter to $3.06 billion and 8 percent for the half year to $5.68 billion. Profit rose 24 percent for the quarter to $762 million and 19 percent for the half year to $1.39 billion. Earnings per share amounts to $1.57 for the quarter and $2.85 for the half year. The company is on it way to just about exceed $6 per share for the fiscal year.
The stock is listed on the Jamaica Stock Exchange and last traded at $56.

Filed Under: Company News, Dividends Tagged With: ,

All Jamaica index breaks 150,000 mark

November 10, 2015 by

The Jamaica stock market is off to a flying start on Tuesday morning with the All Jamaican Composite index jumping 1,334.74 points to cross over the 150,000 point level for the first time and sits at 151,265.98 the JSE Market Index gained 1,194.34 points to 136,288.15 the JSE combined JSE int 10-11-15index climbed 1,329.92 points to be at 142,847.27 and the junior market index rose 22.65 points to its highest level of 1,586.96.
The number of securities trading climbed sharply to 34 securities changing hands with a volume of 9,183,062 units as 19 stocks gained and 3 declined after 90 minutes of trading.
Notable trades took place in Cable and Wireless, the stock traded 6,553,797 units up to $1.40 but last traded at $1.35, Carreras ended with 768,164 units trading at $55.18, Lasco Distributors has traded 367,050 units currently at $4.07, Lasco Financial Services traded at a new record high of $3.40 with 219,943 units but now trades at $3.20, Lasco Manufacturing has so far traded 100,000 shares at $3.95, Proven Investments traded 434,000 shares at 22.97 US cents.

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JSE starts November positively

November 2, 2015 by

NCB's new Constant Spring Rd. branch the company's stock last traded at $36 on Monday

NCB’s new Constant Spring Rd. branch the company’s stock last traded at $36 on Monday

Cable and Wireless lost further ground on Monday as it shed 35 cents to closed down to 95 cents having traded just 1.46 million units as some selling continues for the stock, but National Commercial Bank hit a new 52 weeks’ high of $36 rising $3.50 in the process.
A total of 37 securities traded leading to 6,392,200 units valued at $48,320,406 hanging hands, in all market segments. A total of 21 securities rose and 10 declined with 6 stocks ended at 52 weeks’ closing highs and 2 at an intraday 52 weeks’ high.
The JSE Market Index shot up 905.92 points to 132,189.96, the all Jamaica Composite Index gained 1,012.42 points to end at 146,686.03. JSE combined index and climbed 1,059.06, points to end at 136,842.10. All Three indices are at new closing highs.
IC bid-offer Indicator At the end of trading, in the main and junior markets, the <strong> Investor’s Choice bid-offer indicator had a reading of 12 stocks with bids higher than their last selling prices and one with an offer that was lower.
In trading, Barita Investments ended at a 52 weeks’ closing high, of $2.90 as the price gained 15 cents while 50,000 shares were traded, the stock closed with the bid at $3 to buy 60,000 shares, no stocks were offered at the close. JSE sum 2-11-15Cable and Wireless continued under selling pressure and closed with a loss of 36 cents, with 1,456,839 shares changing hands to end at 94 cents. Trading in the stock was between 94 cents and $1.20 and it closed with a bid at 85 cents, to buy 57,000 shares. On the offer were 800,562 shares at 94 cents. By the close the number of offers increased dramatically and now total 36, ranging up to $3.10, for a total of 9.5 million units down from 10,689,005 units on Friday. Caribbean Cement rose 27 cents to end at $18, with 27,310 shares changing hands. Carreras ended with 5,212 shares trading at $53.05, Desnoes & Geddes had 53,472 units changing hands, to close at $30, Gleaner Company traded 948,928 shares to end at $1.90, Jamaica Broilers traded 145,457 shares to close at $9 as the price gained 12 cents. Jamaica Stock Exchange closed with 56,824 shares trading to end
at $11, JMMB Group traded 172,798 shares to close with a rise of 34 cents to end at $9.85. Kingston Wharves traded 13,193 units to close at $10.60 for a new 52 weeks’ high, Mayberry Investments rose 2 cents to end at $4.02, by trading 38,701 shares. National Commercial Bank with 14,604 shares changing hands jumped $3.50 to end at $36, for a new 52 weeks’ high. JSE Fn Qts 2-11-15Pan Jamaican traded 9,124 shares to end $4.88 cents higher, at $85, Radio Jamaica closed at a new 52 weeks’ high of $4.50 to gain 50 cents in trading 31,200 shares. Sagicor Group fell 15 cents with 102,492 shares trading, to close at $14.51, Sagicor Real Estate Fund traded 69,495 units, the price closed down 60 cents at $11, Scotia Group ended with 11,923 shares changing hands and closed at $26.17, after falling by 81 cents. Scotia Investments gained 50 cents to close at $28 as 936,435 units traded, Supreme Ventures ended at $4.20 with 581,769 units changing hands and Proven Investments ordinary share, closed with a fall of 0.9 US cents, with 24,650 units traded, to end at 23 US cents.

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Junior market brakes 1,300 Mark

October 23, 2015 by
AMG Packaging closed at a new 52 weeks' high on Friday

AMG Packaging closed at a new 52 weeks’ high on Friday

The junior market closed over the 1,300 mark for the first time on Friday, gaining 91 percent so far for 2015 and is heading even higher as several junior market stocks are undervalued. Trading resulted in 14 securities traded as the market index rose by 17.52 points to 1,310.65 for a new closing high. A total of 1,446,535 units, valued at $6,684,912 changed hands as 10 stocks advanced and 1 declined.
The market ended with 4 stocks closing at 52 weeks’ high. 4 securities ended with no bids to buy, while 7 had no stocks being offered for sale. A total of 8 stocks closed with bids higher than the last traded prices and none closed with a lower offer.
In trading, AMG Packaging closed with a gain of 57 cents at a 52 weeks’ high of $4.37 with 13,830 units changing hands, Caribbean Cream rebounded with a 20 cents gain and closed at $3.30 with 97,766 shares changing hands. Caribbean Flavours rose 18 cents to $3.98 with 270,000 shares changing hands to close at a new 52 weeks’ high. Caribbean Producers traded 31,000 units with a loss of 49 cents end at $2.50, Derrimon Trading had 32,804 units changing hands to end at $2.40 having gained 10 cents, Dolphin Cove rose 10 cents in trading 220,000 shares, to end at $13. General Accident ended with 80,000 shares changing hands, gained 30 cents and ended at a 52 weeks’ high of $2.20,JM - Trade sht 23-10-15 Jamaican Teas had 30,000 units changing hands for 9 cents higher to end at $3.44. Lasco Distributors with 22,240 shares changing hands, closed 8 cents higher at $2.95, Lasco Financial gained 4 cents and closed at $2.45 while 427,767 shares changed hands. Lasco Manufacturing traded 192,350 shares to end at $3.30, Medical Disposables closed at $2.55 with 883 shares trading, Paramount Trading ended with 15,000 shares changing hands with a rise of 50 cents to end at $7 for a 52 weeks’ high and Eppley 9.5% preference share, closed at $6 with 12,095 units trading.

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

The JSE up strongly on Friday morning

October 16, 2015 by

The Jamaica stock market for the second consecutive morning, is enjoying slow trading with only 15 securities being active at 10.45 ,but the indices have so far climbed quite a bit with all main market indices up by more than 1,000 points. Jamaica Broilers trades at new 52 weeks’ high of $8. Trading accounted for a volume of 1,206,561 units with 6 stocks gaining and 5 declined.
In trading, Carreras exchanged 109,500 shares at $51.99 to gain 19 cents, Jamaica Stock Exchange had 10,000 shares trading at $8.60 for a rise of 65 cents as the company stands to see increased income if trading continues to be bullish. JSE int 16-10-15JMMB Group exchanged 35,096 shares at $8.55 for a small gain, Scotia Investments had 420,000 units changing hands at $27.50, Caribbean Producers traded at $3 with 65,000 shares. Lasco Distributors 109500 shares traded at $2.79, Lasco Financial Services 105,000 shares traded at $2.25, Lasco Manufacturing 198,172 shares traded at $3.50.
The All Jamaican Composite index jumped 1,124.16 points to 132,131.96 JSE Market Index rose 1,005.91 points to 123,570.27, the JSE combined index rose 1,281.46 points to be at 123,840.64 and the junior market index rose 37.15 points to 1,269.32.

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

Junior market index jumps to new record of 1,105

October 8, 2015 by

The junior market index jumped to new record of 1,105.75 as investors buy up Lasco manufacturing at a new high of $2.95 and Lasco Distributors and Lasco Financial added 10 cents each. Investors attention is focused on some selective stocks currently with the J$31 offer proposed by Heineken to buy out all the minority shares in Desnoes & Geddes is the main focus, with the bid on the stock now at $13 and one offer at $28.
JSE int 8-10-15Elsewhere, trading National Commercial Bank traded 4,933,508 shares at $30, s Sagicor Investments sold the stock to First Global as the buying broker, with both sides on behalf of clients. Other trades of note are Cable & Wireless with 788,739 up to 53 cents, Carreras with 245,970 shares at $51, Lasco Financial Services with 135,279 units at $1.90.
Overall 17 securities have traded at 10.30 am with a volume of a mere 6,286,448 units, 2 stocks declined and 13 gained.
Trading activity resulted in the JSE Market Index 581.75 points to 99,654.44. The JSE All Jamaican Composite index rose 650.15points to 110,325.74, the JSE combined index 981.86 points to be at 103,962.84 and the junior market up 48.42 points to 1,105.75 for a new record.

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

J$31 offer for D&G shares spikes market

October 7, 2015 by

RED STRIPE factThe main market of the Jamaica Stock Exchange indices jumped on the back of a $1 movement in the price of Desnoes & Geddes in response to an offer by Heineken for approximately J$31 per share for the shares it does not now own. At the close, there were 14 stocks rising, 3 declining with 21 securities totalling 2,920,468 units, valued at $33,633,857 changing hands, in all market segments, and with three junior market stocks ending at new 52 weeks’ closing high.
The main market indices enjoyed a day of decent gains. The JSE Market Index climbed 1,270.20 points to 99,072.69, the JSE All Jamaican Composite indexjumped 1,419.52 points to 109,675.59 and the JSE combined index jumped 1,316.98 to end at 102,980.98 points.
JSE Sum 7-10-15 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 16 stocks with bids higher than their last selling prices and 4 with offers that were lower.
In trading, Cable and Wireless added 1 cent with 8,000 shares changing hands to close at 51 cents, Carreras traded 70,682 shares to close $1.25 higher at $50.25, Desnoes and Geddes (D&G) traded just 3,000 shares to close at $8, after gaining $1. The D&G stock closed with a bid of $9.20 to buy the stock Jamaica Broilers closed at $6.50 with 29,188 shares changing ownership while gaining 41 cents, JMMB Group is worth watching having traded just 7,850 shares at $7.65 with a 1 cent gain but closed with the .JSE fn qts 7-10-15bid at $7.80 to buy 468,490 units with the closest amount offered being 51,500 shares at $8.50, the next amount offered is 9,171 units at $9.50. Kingston Wharves ended with a gain of 38 cents, to close at $7 with 301,000 shares changing hands. Sagicor Group with 1,659,265 shares trading, closed at $13.05, with a 5 cents rise, Scotia Group added 10 cents in ending at $24 while 164,793 shares traded and Proven Investments lost 2 cents with 25,000 units changing hands to close at 20 US cents.

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Price changes aplenty & no direction for JSE

September 29, 2015 by

JSE sign 2The Jamaica Stock Exchange saw low trading activity on Tuesday and at the close, there were 10 stocks rising, 11 declining with 30 securities totalling 986,801 units, valued at $11,478,835 changing hands, in all market segments. Trading in the main market was very light with only 745,029 shares trading.
The main market indices enjoyed a second day of increases with the JSE Market Index added 77.06 points to 96,433.55, the JSE All Jamaican Composite index gained 86.11 points to 106,726.20 and the JSE combined index rose 180.75 to end at 99,807.18 points.
JSE Sum -29- 9-15 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 3 with offers that were lower.
In trading, Cable and Wireless rose 2 cents with 85,687 shares changing hands, to close at 51 cents, Caribbean Cement had 150,477 shares trading with a 29 cents rise, to $8, Carreras lost 20 cents in trading 9,195 shares and ended at $48.90, Desnoes & Geddes traded 28,656 shares to end at $6.60 for a fall of 40 cents. Grace Kennedy had 50,670 shares changing hands at $64, JSE fn qts 29-9-15 Jamaica Broilers traded at $6 with 55,760 shares changing ownership and gained 30 cents, Jamaica Stock Exchange traded 56,000 shares at $7.50, JMMB Group traded 51,620 units to end at $7.65, National Commercial Bank had 28,578 units changing hands and ended at $27.52 after losing 23 cents. Pan Jamaican traded 11,090 shares to close at $61.71. Radio Jamaica traded at $3.08 with 13,820 shares changing hands. Sagicor X Fund with 12,000 shares closed with a gain of 39 cents to end at $7.40, Scotia Group lost 95 cents in ending at $24 while 25,457 shares traded and Scotia Investments gained 1 cent to land at $25.01 with 55,000 units.

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Trading breaks down at JSE Thursday

September 10, 2015 by

Trading activities on the Jamaica Stock Exchange was suspended resulting from technical issues the exchange advised IC Insider. According to the information the system went down at around 12:15 PM the last traded took place at mid-day. No trading is currently taking place but there is expectation that it should resume, once the problems are resolved. In the past resumption of trading usually goes on for a period equal to the suspension.
JSE Intra 10- 09-15upThe market has so far have trading in 20 securities with a volume of 3,152,924 units, with 2 stocks declining and 1rising. Trading activity resulted the JSE Market Index falling 91.60 points to 98,704.31. The JSE All Jamaican Composite index fell 102.38 points to 109,263.89 and the JSE combined index slipped 21.98 points to be at 102,037.60. The junior market rose 7.11 points to 990.60.
The main trades so far are Cable & Wireless with 1,012,688 units at 48 cents, Carreras traded 379,430 at $50.25, National Commercial Bank had 136,629 units trading at $30, Proven Investments 1,208,025 units trading was at 19.5 US cents and Scotia Group have 134,944 shares trading at $24.12.

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