5m share orders for Carreras, NCB & Scotia Group

BNS const MVL Stockbrokers are in the market early Monday with three significant bids to buy Carreras at $34, National Commercial Bank at $18.12 and Scotia at $20.
The bids are for 5 million units of each of the stock. So far they bought all but 1,700 of the 2,618,405 Scotia Bank Shares at $20.
Information gleaned recently is that a pension fund was in the market for large blocks of shares and the bids of such size could be connected with the pension fund needs.
On Friday, Scotia Investment bought all the Scotia shares to tradefor parties connected with the brokerage house.

11 stocks rose as Market index jumps

Broker house, Scotia Investments was the only buyer of the 875,724 Scotia Group shares that change hands in Friday’s trading, on the Jamaica Stock Exchange. The prices of the stock rose, to close at $20, but traded as high as $20.99.
BNS constIn the overall market, the prices of 11 stocks rose and 8 declined, as 26 securities changed hands, resulting in 5,240,852 shares trading, valued at $35,553,505.
Main Market| The main indices closed sharply higher in Friday’s trading as heavily weighted Scotia Group jumped to close higher by the end of trading. The JSE Market Index jumped by 1,598.01 points to 71,711.80 and the JSE All Jamaican Composite index climbed 1,786.85 points to close at 78,895.01.
Gains| Stocks with gains, volume and last traded prices, at the end of trading in the main market, are Cable & Wireless with 210,772 shares up 4 cents to 30 cents, Carreras 317,256 units, gaining 15 cents to $34, Jamaica Broilers 308 units, up 4 cents to $4.61, Jamaica Money Market Brokers with 10,000 ordinary shares, up by 5 cents to $7, National Commercial Bank that released results after trading on Thursday, closed up by 6 cents at $18.06 while trading 51,599 shares. The stock closed with the bid of $18.11 to buy 116,978 units. Pan Jamaican Investment with 1,313 stock units, gained 8 cents to $48.10, Sagicor Real Estate Fund traded 10,000 units and gained 1 cent to $6.36 and Scotia Group gained $1.30 to $20.
Firm| The stocks with volume and last traded prices in the main market to close without a price change, are Caribbean Cement with 1,600 shares at $2.50, Desnoes & Geddes 646 shares at $4, Jamaica Producers with 5,367 shares at $17.51, Sagicor Group 121,247 units at $9, Seprod 1,276 shares at $10.50 and Supreme Ventures 12,020 units at $1.95.
JSE sum 25-7-14Declines| The stocks with losses, volume and last traded prices at the end of trading in the main market, are Gleaner with 10,300 shares, down a cent at $1.11, Grace Kennedy with 5,000 shares, lost $1.05 to end at $55, Hardware & Lumber 800 units, down 15 cents at $9, Mayberry Investments 4,080 units at $1.55, for a 1 cent fall.
Preference| Jamaica Public Service 5% C preference share traded 42,102 units and was up by a cent to $3.
Junior Market| The JSE Junior Market Index declined by 21.99 points to close at 627.28 as 7 stocks traded with 2 advancing and 4 declining.
Gains| Stocks recording gains at the end of trading in the junior market, with the closing prices, are Blue Power 5,320 shares and the price was up by 5 cents to $9.10 and Lasco Manufacturing with 3,091,640 shares the price gained 10 cents to $1 but it traded at a 52 weeks low of 85 cents before recovering by the end of trading.
Firm Trades| The stock in the junior market that traded to close at the same price as the day before is General Accident with 99,982 shares at $1.46.
Declines| Stocks declining in the junior market at the end of trading with the closing prices are, Caribbean Producers with 430,000 shares with a 5 cents loss to $2.45, Honey Bun with only 100 shares to fall by 60 cents to $2.30. This stock was poised to fall sharply after it released disappointing third quarter results and the offer gradually melted away, as bids were at very low levels. Lasco Distributors with 25,000 shares lost 9 cents to end at a new 52 weeks low of $1.10 and Lasco Financial with 7,400 units was down 8 cent to 92 cents, after the company posted a 20 percent increase in its first quarter results to June.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.

JSE slips slightly on Wednesday

In Wednesday’s trading on the Jamaica Stock Exchange, the prices of 3 stocks rose, 4 declined as 18 securities changed hands, resulting in 4,500,373 shares trading, valued at $18,301,213.
JSE sum -23-7-14Main Market| The JSE Market Index fell by 32.60 points to 69,948.07 and the JSE All Jamaican Composite index lost 36.46 points to close at 76,922.85.
Gains| Stocks recording gains at the end of trading in the main market, are Carreras with 1,348 shares and gained 30 cents to close at $33.90 followed by Ciboney with 510,000 shares to close one cent higher at 9 cents and National Commercial Bank 138,815 units gained 1 cent and closed at $18.01.
Firm| The stocks in the main market to close without a change in price, are Gleaner with 3,102 units and closed at $1.10, Grace Kennedy traded 2,500 units to close at $56, Jamaica Money Market Brokers with 6,100 ordinary shares closed at $6.95, Pan Jamaican Investment had 6,030 units trading, to close at $48.02, Sagicor Group 87,408 shares closed with the price at $9 and Scotia Investments traded only 2,625 units to close at $21.10.
Preference| Jamaica Money Market Brokers 7.50% preference share traded 30,000 units to close unchanged at $2.
Declines| The number of stocks that declined in the main market, are Jamaica Broilers with only 3,101 shares and closed with a decline of 4 cents at $4.57, Proven Investments with 4,000 ordinary shares, closed with a decline of 0.0095 cent to end at 17 US cents, Sagicor Real Estate Fund closed with a decline of 25 cents, to end at $6.05 with 211,930 units changing hands and Scotia Group with 97,601 shares closed with a decline of 11 cents at $18.50.
Junior Market| The JSE Junior Market Index declined by 6.52 points to close at 663.34 as 4 stocks traded with none advancing nor declining.
Gains| No stocks gained in the junior market at the end of trading.
Firm Trades| The stocks in the junior market that traded to close at the same price as the day before, are KLE Group with 9,424 shares to close at 95 cents, Buy Rated Knutsford Express had 1,812,228 units changing hands to close at $5.17, Lasco Distributors with 1,148,711 units, closed at $1.20 and Lasco Manufacturing with 425,450 shares closed at $1.
Declines| No stocks declined in the junior market at the end of trading.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.

Carreras to consider another dividend payment

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Carreras280x150Carreras advised the stock exchange that a dividend payment will be considered at a meeting to be held on July 30, 2014 by the board. This should be the regular quarterly dividend which is usually paid in August.
Carreras last declared a special capital cash distribution of $1.34 per stock unit to be paid on July 31, 2014 to stockholders on July 18, 2014 with the Ex-dividend date July 16, 2014. The funds are out of proceeds received from the liquidation of a subsidiary, pending the granting of a transfer tax exemption pursuant to the Transfer Tax Act the company said in a release to the Jamaica Stock Exchange. The special capital cash distribution will brings the total payments the company made to shareholders since August last year to $8.89.
A special capital cash distribution of $1.18 was paid in January this year, the company also paid an interim dividend of $1.75 per stock unit on June 26, $1.62 per share. On March 13 they paid a dollar per share as well as in August and November last year.

Gains more than losses but indices fall on JSE

In Tuesday’s trading on the Jamaica Stock Exchange, the prices of 8 stocks rose, 5 declined as 23 securities changed hands, culminating in 3,304,455 shares trading, valued at $12,238,376.
Main Market| The JSE Market Index dropped by 278.54 points to 69,980.67 and the JSE All Jamaican Composite index fell 311.45points to close at 76,959.31.
JSE sum 22-7-14Gains| Stocks recording gains at the end of trading in the main market, are Cable & Wireless with 331,127 units as the price closed 4 cents higher at 29 cents, Caribbean Cement with 15,180 shares, closed with a 15 cents gain at $2.40, Grace Kennedy traded just 1,140 units and gained $1 to end at $56, Jamaica Broilers had 107,554 shares changing hands with a 4 cents gain, to end at $4.61, Mayberry Investments had 9,000 units trading, with a 2 cents gain to close at $1.57, Scotia Group traded only 12,450 shares with a gain of 10 cents as the price closed at $18.61 and Supreme Ventures 8,000 units, resulted in a 2 cents rise to $1.97.
Firm| The stocks in the main market to close without a change in price, are Berger Paints with 14,787 to close at $1.62, Ciboney 6,000 shares to close at 8 cents, Desnoes & Geddes 1,959,606 shares to close at $4.25, Jamaica Money Market Brokers with 2,235 ordinary shares to close at $6.95, Kingston Wharves traded 68,182 shares to close at $5, National Commercial Bank traded 15,557 shares to close at $18, Radio Jamaica with 135,998 shares closed at $1.28 and Salada Foods 30,000 shares changed hands, to close at $7.90.
Declines| The number of stocks that declined in the main market, are Gleaner with 3,696 units to close at $1.10, after shedding a cent, Pan Jamaican Investment with 18,740 shares as the price slipped 24 cents to $48.02, Sagicor Group 15,168 shares traded with a loss of 5 cents to end at $9 and Scotia Investments closed at $21.10 with a loss of 20 cents, as 3,000 shares were traded.
Preference| Proven Investments 8% preference share traded 5,000 units to close unchanged at $5.04.
Junior Market| The JSE Junior Market Index declined by 9.54 points to close at 669.86 as only 3 securities traded, with one advancing and one declining.
Gains| The only stock to gain at the end of trading in the junior market is General Accident with 440,040 units as the price closed up 5 cents to $1.50.
Firm Trades| The active stock in the junior market to close at the same price as the day before, is Dolphin Cove with 1,000 shares at $8.30.
Declines| Lasco Manufacturing was the sole stock declining in the junior market at the end of trading, as 100,995 shares changed hands at $1 for a 4 cents fall.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.

Moderate price changes on JSE Friday

In Friday’s trading on the Jamaica Stock Exchange the prices of 5 stocks rose, 7 declined as 20 securities changed hands, resulting in 2,619,479 shares trading, valued at $11,003,465.
JSE sum 18-7-14Main Market| The JSE Market Index declined by 346.05 points to 70,187.51 and the JSE All Jamaican Composite index fell 386.94 points, to close at 77,190.59.
Gains| Stocks recording gains at the end of trading in the main market, are Grace Kennedy with 21,000 shares as the price improved by a cent to close at $54.01, Jamaica Producers traded 233 shares to close with a cent gain, at $17.51 and Sagicor Group traded 73,000 shares in closing at $9.10, for a 3 cents gain.
Declines| The stocks that declined in the main market, are Cable & Wireless with 2 cents loss while trading 697,629 units, to close at 27 cents, Carreras with 7,535 shares closed 30 cents lower at $33.60, Hardware & Lumber traded 600 shares to close with a 35 cents loss at $9.15, Kingston Wharves with 100,000 units closed with a 25

More stocks fall than rise but main indices up

In Thursday’s trading on the Jamaica Stock Exchange the prices of 4 stocks rose, 7 declined as 16 securities changed hands, resulting in 2,965,442 shares trading, valued at $16,295,528.
Main Market| The JSE Market Index gained 168.74 points to 70,533.56 and the JSE All Jamaican Composite index moved up 188.68 points, to close at 77,577.53.
JSE Sum -17-7-14Gains| Stocks recording gains at the end of trading in the main market are Berger Paints trading 2,955 shares to close with a 2 cents gain at $1.62, Carreras 7,535 shares closed 10 cents higher at $33.90, Desnoes & Geddes 21,750 units traded to close 5 cents higher, at $4.25, National Commercial Bank gained 5 cents to close at $18.20, with 900 units changing hands, Sagicor Group traded 1,137,827 shares in closing at $9.07 for a 2 cents gain and Scotia Group traded 11,881 units to close 9 cents up, at $18.60
Firm| Kingston Wharves with 511 units closing at $5.25 was the only stocks in the main market to close without a change in price.
Preference| Jamaica Money Market Brokers 7.50% preference share traded 439,700 units to close at $2,
Jamaica Money Market Brokers 8.75% preference share with 523,950 units closed at $3.01 and Jamaica Public Service 5% D preference share with 23,675 units closed at 35 cents.
Declines| The stocks that declined in the main market are Cable & Wireless that lost a cent with 6,758 units to close at 29 cents and Grace Kennedy with 25,000 shares as the price slipped $1 to close at $54.
Junior Market| The JSE Junior Market Index declined by 15.40 points to close at 670.67, only 4 stocks traded with none advancing and 3 declining.
Firm Trades| Only one stock in the junior market that traded, close at the same price as the day before with Lasco Financial Services trading 10,000 shares as the price closed at $1.
Declines| Junior market stocks declining at the end of trading are Caribbean Producers with 505,000 shares, declining by 5 cents to close at $2.50, Lasco Distributors with 129,000 shares changed hands for 5 cents higher at $1.20 and Lasco Manufacturing 119,000 shares, closed with a loss of 8 cents at $1.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bids higher than their last selling prices and 3 stocks with offers that were lower.

Very slow trading on JSE

Trading activity on the Jamaica Stock Exchange was very light on Wednesday, with only 1,218,280 shares trading, valued at $6,917,508. The prices of 5 stocks rose and 11 declined as 19 securities changed hands. Main Market| The JSE Market Index declined by 421.31 points to 70,364.82 and the JSE All Jamaican Composite index fell 471.09 points, to close at 77,388.85.
JSE 16-7-14 sumGains| Stocks recording gains at the end of trading in the main market, are Jamaica Broilers with 14,228 units to close with a 3 cents gain at $4.60, Mayberry Investments, with a gain of 5 cents while trading 6,000 shares, to close at $1.55, Sagicor Group with 333,000 shares, closed with a gain of 2 cents at $9.05 and Scotia Group traded 10,000 shares and close with 1 cent gain, at $18.51.
Firm| The stocks in the main market to close without a change in price, are Caribbean Cement with 10,619 shares, closing at $2.25 and Seprod with 10,000 units traded, to closed at $10.50.
Preference| Jamaica Money Market Brokers 8.50% preference share traded 28,000 units, to close at a cent lower at $3.50 and Jamaica Money Market Brokers 8.75% preference share, with 313,150 units changing hands, closed 2 cents down at $3.01.
Declines| The stocks that declined in the main market, are Carreras with 2,032 shares and the price fell $1.10 to close at $34, Desnoes & Geddes with 21,750 shares, declined by 25 cents to close at $4.30, Grace Kennedy traded 6,048 units and declined by $1 to close at $55, Jamaica Money Market Brokers with 2,040 ordinary shares, declining by 5 cents to close at $6.95 and National Commercial Bank with 87,114 units, declined by 35 cents to close at $18.15.
Junior Market| The JSE Junior Market Index declined by 6.59 points, to close at 686.07 as 6 stocks traded with 1 advancing and 3 declining.
Gains| only one stock gained at the end of trading in the junior market with KLE Group trading 2,112 shares to close 5 cents higher at 95 cents.
Firm Trades| The stocks in the junior market that traded and closed at the same price as the day before are Caribbean Cream with 113,700 units trading at 70 cents and Consolidated Bakeries with 11,861 shares, to close at 80 cents.
Declines| Junior market stocks declining at the end of trading are Caribbean Producers with 5,000 units changing hands and declined by 5 cents to close at $2.55, followed by Lasco Distributors with 156,500 shares as the price declined by 5 cents to close at $1.25 and Lasco Manufacturing with 85,126 shares the price fell 2 cents to close at $1.08.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bids higher than their last selling prices and 4 stocks with offers that were lower.

Advancing stocks out pace decliners on JSE 11 to 6

Market activity was very moderate in Tuesday’s trading on the Jamaica Stock Exchange, the prices of 11 stocks rose and 6 declined as 26 securities changed hands, resulting in 1,088,746 shares trading, valued at $15,721,500.
JSE sum 15-7-14Main Market| The JSE Market Index gained 521.80 points, to close at 70,786.13 and the JSE All Jamaican Composite index moved up 583.46 points, to close at 77,859.94.
Gains| Stocks recording gains at the end of trading in the main market, are Cable & Wireless with 30,000 shares, to close with a gain of a cent, at 30 cents, Caribbean Cement with 5,959 units changing hands and close with a 5 cents gain, at $2.25, Carreras with 78,543 shares, closed with a gain of 35 cents, at $35.10, Desnoes & Geddes traded 25,000 units and gained 30 cents, to close at $4.55, Jamaica Money Market Brokers 6,700 shares helped to add 10 cents on the price to end at $7, National Commercial Bank with 72,545 shares, closed with a $1 increase to $18.50, Sagicor Group exchanged 193,523 shares with the price rising 4 cents to $9.03, Sagicor Real Estate Fund 25,000 units while gaining 15 cents to close at $6.40, Salada Foods with 20,000 shares as it gained 10 cents to end at $7.90 and Scotia Group 326,180 shares helped to garner 10 cents to close at $18.50.
Firm| There were only 3 stocks in the main market to close without a change in price with Berger Paints trading 6,780 units at $1.60 followed by Gleaner with 3,400 shares to end at $1.11 and Jamaica Broilers with 12,000 units at $4.57.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 10,000 units to close at $3.03 and Jamaica Public Service 5% D preference share traded 3,000 units at 35 cents.
Declines| The stocks that declined in the main market are Kingston Wharves with 10,589 shares, as the p[rice declined by 75 cents to end at $5.25, Pan Jamaican Investment traded 57,174 units and closed with a loss of 49 cents at $48.01, Proven Investments ordinary shares traded 12,600 units to close with a loss of 0.0005 US cents and ended at 17.95 US cents, Seprod with 5,000 shares closed with a loss of 30 cents at $10.50 and Supreme Ventures with 2,000 shares changing hands closed with a decline of 2 cents at $1.95
Junior Market| The JSE Junior Market Index inched up by 0.26 points to close at 692.66 as only 6 stocks traded with 1 advancing and 1 declining.
Gains| The only stock recording gains at the end of trading in the junior market was Lasco Financial Services with 19,000 shares as the price gained 5 cents to close at $1.
Firm Trades| Junior market stocks that traded at the close at the same price as the previous trading day are Caribbean Cream in trading 38,300 units to close at 70 cents, Consolidated Bakeries with 41,047 shares to close at 80 cents, Lasco Distributors 4,740 units while closing at $1.30 and Lasco Manufacturing with 55,500 units, to close at $1.10.
Declines| The only junior market stocks declining at the end of trading was General Accident with 24,166 shares while losing 5 cents to end at $1.45.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bids higher than their last selling prices and 2 stocks with offers that were lower.

More stocks rise than fall on JSE

In Monday’s trading on the Jamaica Stock Exchange, the prices of 5 stocks rose and 4 declined. Only 18 securities changed hands, resulting in 4,848,981 shares trading, valued at $15,622,653.
Main Market| The JSE Market Index declined by 353.60 points, to 70,264.33 and the JSE All Jamaican Composite index moved down by 395.39 points, to close at 77,276.48.
JSE sum 14-7-14Gains| Stocks recording gains at the end of trading in the main market are Gleaner with 11,000 units closed with a cent up, at $1.11 and Pan Jamaican Investment traded 56,790 shares to close with a gain of 48 cents, at $48.50.
Firm| There were only stocks in the main market to close without a change in price with shares closing, are Cable & Wireless traded 156,117 shares to close at 29 cents, Caribbean Cement with 500 traded closed at $2.20, Jamaica Broilers traded 154,589 shares but the price closed unchanged at $4.57, and Scotia Group with 68,506 shares closed at $18.40.
Preference| Jamaica Money Market Brokers 8.75% preference share 16,475 units to close at $3.03 and Proven Investments 8% preference share traded 2,700 units to close at $5.07.
Declines| The stocks that declined in the main market are Carreras had 80,000 units changing hands to close down 25 cents at $34.75, Jamaica Money Market Brokers with 628,736 shares, declined by 10 cents to close at $6.90, National Commercial Bank with 1,000 close at 50 cents lower at $17.50, Sagicor Group 8,172 close with a 10 cent loss at $8.99.
Junior Market| The JSE Junior Market Index declined by 17.39 points to close at 692.40 as 6 stocks traded with 3 advancing and none declining.
Gains| Stocks recording gains at the end of trading in the junior market are Consolidated Bakeries traded 558,953 shares to close with a gain of 10 cents to close at 80 cents, Lasco Distributors traded 1,000,000 units and gained 10 cents to end at $1.30 and Lasco Manufacturing had 25,000 units changing hands to close 10 cents higher at $1.10.
Firm Trades| The junior market stocks that traded to close at the same price as the day before, are Access Financial Services 10,759 units to close at $10, Blue Power with 27,000 units to close at $9.05, with Caribbean Cream traded 2042684 units at 70 cents each as investors responded well to the 79 percent jump in profits for the first quarter ended May.
Declines| No junior market stocks decline at the end of trading.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bids higher than their last selling prices and 2stocks with offers that were lower.