8 JSE stocks rise 4 down on Tuesday

Carreras closed at a new 52 weeks' high of $43 on Tuesday.

Carreras closed at a new 52 weeks’ high of $43 on Tuesday.

Tuesday’s activity on the Jamaica Stock Exchange picked up somewhat from Monday’s poor showing but it still remains at extreme low levels, and resulted in the prices of 8 stocks rising, 4 declining as 24 securities changed hands, ending in 2,488,709 units trading, valued at $9,886,268, in all market segments.
Main Market| The JSE Market Index lost 136.66 points to 77,813.64, the JSE All Jamaican Composite index fell 152.80 points to close at 85,717.56 and the JSE combined index declined by 61.43 points to close at 79,801.73.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 10 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless closing with 456,902 shares trading, rising 5 cents to 50 cents, after the parent company indicated that revenues climbed 27 percent in the December quarter for the Jamaican subsidiary. Carreras closed with 61,408 units and put on $1 to close at a new 52 weeks’ high of $43, Grace Kennedy ending trading with 16,643 shares and increased 5 cents to $60, National Commercial Bank closing with 12,697 shares while gaining 5 cents to $20.45, Sagicor Real Estate Fund finished with 17,000 shares as the price jumped 5 cents to $6.70 and Scotia Investments in trading 7,733 shares, ended with an increase of 45 cents to $23.
JSe sum 10-2-15 Firm| The stocks in the main market to close without a change in the last traded prices are, Berger Paints trading as 3,000 shares changed hands at $1.56, Caribbean Cement finishing with 5,624 shares changing hands at $2.25, Kingston Wharves trading 239,137 shares and closed at $6. Palace Amusement finished with 3,000 units trading at $66, Pan Jamaican Investment closed with 9,450 units at $53 and Sagicor Group ending trading with 16,470 shares changing hands at $10.25.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Jamaica Broilers closing with 37,000 shares, 14 cents lower to $4.05. Proven Investments ending trading with just 1,548 shares, 1.02 cents down to 20 US cents, Salada Foods closing with just 100 units to fall 9 cents to $10.30 and Scotia Group finishing with 15,656 units with a 15 cents decline to $20.35.
Preference| Jamaica Money Market Brokers 7.50% preference share closed with 778,511 units trading at $2.

Carreras fetches $395m for property

Property that Carreras previously occupied, now sold for $395m

Property that Carreras previously occupied, now sold for $395m

Carreras sold its property at 15 Twickenham Park Estate for $395 million, the company disclosed in a release to the Jamaica Stock Exchange on Monday. The company stated that the decision to relocate it business to Kingston “is consistent with Carreras’ shift from a manufacturing company to a marketing and distribution company, which naturally resulted in the current location, previously a manufacturing facility, being under -utilised and far exceeding our current space requirement. We therefore decided to sell this property at and have entered into an agreement to sell the said property for Three Hundred and Ninety Five Million Dollars. The sale is scheduled to be completed on March 10, 2015.”
Shareholders who have been enjoying a bumper period of high returns on their shares since 2014, should see another pay out from the net proceeds of this sale.

Trading levels sink on JSE

New Scotia banking centre in Montego Bay

New Scotia banking centre in Montego Bay

Monday’s activity on the Jamaica Stock Exchange was paltry, resulting in the prices of only 2 stocks rising and 7 declining as only 18 securities changed hands, ending in only 402,840 units trading, valued at a mere $4,272,180, in all market segments.
Main Market| The JSE Market Index lost 1,170.35 points to 77,950.30, the JSE All Jamaican Composite index fell 1,308.51 points to close at 85,870.36 and the JSE combined index declined by 1,104.31 points to close at 79,863.16.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 12 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Jamaica Broilers trading 3,900 units and closed at with a gain of 4 cents to $4.19 and Pan Jamaican Investment with 20,227 share closed 95 cents higher at $53.
Firm| The stocks in the main market to close without a change in the last traded prices are, Carreras finished with 3,628 shares trading at $42, Proven Investments closed with 34,819 shares trading at 21.02 US cents and Sagicor Group finished with 41,010 shares changing hands at $10.25.
JSEs um 9-2-15 Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Caribbean Cement closing with 34,514 shares changing hands, fell 5 cents to $2.25, Grace Kennedy ending trading with 2,100 shares, lost 5 cents at $59.95. Jamaica Money Market Brokers closing with 5,000 units as the price slipped 10 cents to $7, National Commercial Bank finished with 13,003 shares trading 10 cents lower to $20.40, Sagicor Real Estate Fund trading 76,845 shares and closed with a loss of 34 cents to $6.50 and Scotia Group closing with 18,990 units, to fall $1.49 to $20.50.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 35,400 units at $3.02.

The JSE all Jamaica jumps 2,000 points

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At Friday’s close of the Jamaica Stock Exchange the all Jamaica composite index closed at the highest level since it closed at 87,362.77 points on July 29, 2013 thus surpassing the high reached in April last year which stood for several months. A large part of the gain in the main market indices is due to Scotia Group jumping $1.97, at the close, bids were well below the closing price, at $20.50, leaving a large gap for the price to fall back next week.

The JSE main market all Jamaica Index moving on its way to the next resistance level at 92,000, the 2013  high.

The JSE main market all Jamaica Index moving on its way to the next resistance level at 92,000, the 2013 high.

Trading resulted in the prices of 11 stocks rising and only 1 declining as 22 securities changed hands, ending in 3,765,154 units trading, valued at $31,624,763, in all market segments.
Main Market| The JSE Market Index gained 1,782.43 points to 79,120.65, the JSE All Jamaican Composite index rose 1,992.84 points to close at 87,178.87 and the JSE combined index gained 1722.34 by points to close at 80,967.47.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator continue to reflect a market moving higher with 11 stocks with bids higher than their last selling prices and only 4 stocks with offers that were lower.
Scotia hq 25 9-14 Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless ending with 66,222 units to close with a gain of 5 cents to 45 cents, Carreras finished with 16,695 shares trading, rising 15 cents to a new 52 weeks’ high of $42, Desnoes & Geddes closed with 1,225,891 units trading to put on 5 cents at $4.85, Jamaica Broilers finished with 553,544 shares while gaining 15 cents to $4.15. Jamaica Money Market Brokers closed with 100 ordinary shares trading as the price gained 10 cents to $7.10, National Commercial Bank in trading 15,596 shares, ended with an increase of 5 cents to $20.50, Pan Jamaican Investment finished trading in 1,000 shares while gaining 5 cents to $52.05. Proven Investments closed with 3,645 shares, the price moved up 0.052 cents to 21.02 US cents, Scotia Group concluded trading with 790,602 units and put on $1.97 to end at $21.99 and Scotia Investments traded 400 shares to end with an increase of 4 cents at $22.55.
JSE sum 6-2-15 Firm| The stocks in the main market to close without a change in the last traded prices are, Berger Paints closing with 22,579 units changing hands, at $1.56. Gleaner trading 4,317 units to end at 81 cents, Grace Kennedy closing with 37,184 units traded at $60, Radio Jamaica with 19,221 shares changing hands, closed at $1.10 and Sagicor Group closed with 39,447 shares trading at $10.25.
Declines| The only stock to fall is Sagicor Real Estate Fund that traded 40,155 shares to close 1 cent lower at $6.84.
Preference| Jamaica Money Market Brokers 7.50% preference share finished with 804,680 units trading at $2.

The JSE at 19 months’ high

SCBNK lsign MBFriday’s activity on the Jamaica Stock Exchange saw the all Jamaica composite index soaring nearly 2,000 points to hit the highest level since closing at 87,362.77 points, on July 29, 2013. The major contributors to the strong move are, Carreras closing at $42, Scotia Group ending at $21.99, Jamaica Broilers, Jamaica Money Market Brokers and Sagicor Group.
A large part of the gain in the indices is due to Scotia Group jumping $1.97, as broker Scotia Investments, aggressively bought most of the shares to trade in that stock at the higher level. At the close, bids were well below at $20.50, leaving a large gap for the price to fall back. Trading resulted in the prices of 11 stocks rising and only 1 declining as 22 securities changed hands, ending in 3,765,154 units trading, valued at $31,624,763, in all market segments.
Main Market| The JSE Market Index gained 1,782.43 points to 79,120.65, the JSE All Jamaican Composite index rose 1,992.84 points to close at 87,178.87 and the JSE combined index gained 1722.34 by points to close at 80,967.47.

JSE falters but indicators point up

Carreras closed at a new 52 weeks ' high of $41.85

Carreras closed at a new 52 weeks’ high of $41.85

Trading on the Jamaica Stock Exchange was very moderate on Thursday, resulting in the prices of 4 stocks rising, 4 declining. Only 14 securities changed hands, ending in 3,685,121 units trading, valued at $17,036,272, in all market segments. One stock closed at a new 52 weeks’ high.
strong> Main Market| The JSE Market Index lost 189.41 points to 77,338.22, the JSE All Jamaican Composite index fell 211.77 points to close at 85,186.03 and the JSE combined index gained declined by 226.12 points to close at 79,245.13.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator is flashing a strong signal of 12 stocks with bids higher than their last selling prices and only 4 with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Carreras closing with 91,585 units, put on 85 cents, to a new 52 weeks’ closing high, of $41.85. Mayberry Investments ending with 25,000 shares while gaining 2 cents to $2 and National Commercial Bank ending with 6,200 units to close with a gain of 4 cents at $20.45.
Firm| The stocks in the main market to close without a change in the last traded prices are, Jamaica Money Market Brokers closed with 14,854 units traded at $7, Jamaica Producers had 102,158 units trading at $17, Sagicor Group closed with 227,641 shares changing hands at $10.25, Sagicor Real Estate Fund in trading 10,000 units ended at $6.85.
JSE sum 5-2-15 Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Grace Kennedy closing with 62,522 shares trading lower by $1.90 to end at $60 and Proven Investments finished with 39,985 units changing hands at 0.05 cents lower 20.6 US cents.
Preference| Jamaica Money Market Brokers 7.50% preference share ending with 500,000 units trading at $2.

Moderate JSE trading Wednesday

Wednesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 6 stocks rising 5 declining as just 19 securities changed hands, ending in only 836,056 units trading, valued at a mere $4,310,061, in all market segments.
Main Market| The JSE Market Index lost a mere 0.62 points to 77,527.63, the JSE All Jamaican Composite index fell 0.68 points to close at 85,397.80 and the JSE combined index gained 43.55 points to close at 79,471.25.
JSE sum 4-2-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 8 stocks with bids higher than their last selling prices and only 1 with the offer lower.
Gains| Only 2 stocks closed higher at the end of trading in the main market on Wednesday with Sagicor Real Estate Fund closing with 2,500 shares trading, 11 cents up to $6.85 and Kingston Wharves ending with 3,300 units trading 40 cents higher to $6.
Firm| The stocks in the main market to close without a change in the last traded prices are, Carreras closing with 29,715 shares at $41, after trading as high as $42. Ciboney had 245,980 units changing hands at 7 cents, Grace Kennedy ended with 2,483 shares changing hands at $61.90 and Proven Investments ended with 2,780 shares trading at 21 US cents.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Caribbean Cement closing trading with 23,893 shares, ending lower by 10 cents to $2.30, Desnoes & Geddes closing with 53,186 shares changing hands, 10 cents down to $4.80. National Commercial Bank concluding trading with only 5,632 shares changing hands to end 9 cents lower at $20.41, Sagicor Group finished with only 280 units changing hands, losing 25 cents to $10.25 and Scotia Group in trading 76,537 units closed at 23 cents lower to $20.02.
Preference| Proven Investments 8% preference share traded 95,651 units at $5.

NCB dominates as market rises again

NCB Financial dropped $8 on Friday.

Tuesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 9 stocks rising 7 declining as 27 securities changed hands, ending in 11,536,610 units trading, valued at $173,915,246, in all market segments.

National Commercial Bank that dominated trading on Monday with 27,173,167 units, was again the lead trade on Tuesday, with 7,970,682 shares valued at $163,393,196. The majority of shares traded was done by way of a cross executed by Sagicor Investments.
Main Market| The JSE Market Index gained 326.79 points to 77,528.25, the JSE All Jamaican Composite index rose 365.36 points to close at a 85,398.48 and the JSE combined index gained 256.46 points to close at 79,427.70.
JSE sum 3-2-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 8 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Jamaica Money Market Brokers trading 22,500 ordinary shares and put on 23 cents to $7, National Commercial Bank traded 7,970,682 shares to end with an increase of 30 cents to a 52 weeks’ high of $20.50. Sagicor Investments bought and sold 7,927,299 units of the amount traded, in two lots. Sagicor Group traded 14,298 shares while gaining 50 cents to $10.50. The Sagicor Real Estate Fund closed with 20,775 shares changing hands as the price gained 4 cents to $6.74, Scotia Group traded 31,119 units and put on 20 cents to $20.25 and Supreme Ventures put in 94,445 shares to end with an increase of 10 cents to $2.10.
Firm| The stocks in the main market to close without a change in the last traded prices are, Berger Paints finishing with 3,039 units changing hands at $1.56, Carreras in trading 98,550 shares closed at $41, Desnoes & Geddes closed with 30,000 shares trading at $4.90. Gleaner had 31,693 units trading at 81 cents, Jamaica Broilers closed with 123,928 units at $4, Jamaica Producers ended with 955 shares changing hands at $17. Proven Investments finished with 9,646 units traded at 21 US cents, Radio Jamaica ended with 4,657 units trading at $1.10 and Seprod finished had 14,348 shares changing hands at $11.90.

Cable & Wireless dropped 20% to 40 cents on Tuesday

Cable & Wireless dropped 20% to 40 cents on Tuesday

Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless ending with 2,013,234 units trading, losing 10 cents to 40 cents as investors reacted negatively to news that the company has to pay Digicel $1.5 billion for interconnection charges. Grace Kennedy had transactions in 9,900 shares to close lower by 10 cents at $61.90, Pan Jamaican Investment closed with 3,816 shares changing hands, 50 cents down at $52 and Scotia Investments in concluding trading in 854 shares lost 4 cents to $22.51.
Preference| Proven Investments 8% preference share closed with 247,500 units trading at $5.

JSE up more gains ahead

NCB_TheAtrium280x150Prices were mostly up in trading on the Jamaica Stock Exchange on the first trading day of February, in continuation of a pattern of rising prices being dominant from early October, last year. A number of market indicators continue to point to a strong rally ahead for local stocks. National Commercial Bank dominated trading with more than 27 million units trading as Mayberry Investments sold most of them and Scotia Investments bought most. Both brokers were acting on behalf of clients.
More stocks gained on Monday than declined, resulting from the prices of 9 stocks rising, 3 declining as 22 securities changed hands, ending in 27,680,503 units trading, valued at $563,375,725, in all market segments. Two stocks closed at new 52 weeks’ high.
strong> Main Market Indices| The JSE Market Index gained 662.29 points to 77,201.46, the JSE All Jamaican Composite index rose 740.46 points to close at 85,033.12 and the JSE combined index gained 758 points to close at 79,171.24.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 7 stocks with bids higher than their last selling prices and only 2 with lower offers, including Montego Bay Ice Company that seldom trades.

Carreras closed at a new 52 weeks' high of $41 on Monday. Poised to go higher.

Carreras closed at a new 52 weeks’ high of $41 on Monday. Poised to go higher.

Gains| Stocks gaining based on the last traded prices, at the close of the main market are, Caribbean Cement ending with 7,800 shares while gaining 4 cents to $2.40, Carreras finishing trading with 37,223 shares and rising $1.50 to a new 52 weeks’ high of $41. Jamaica Money Market Brokers ending with 5,000 ordinary shares with an increase of 17 cents to $6.77, National Commercial Bank closed with 27,173,167 shares, the price climbed 30 cents to a new 52 weeks’ high of $20.20 and Pan Jamaican Investment in trading 7,293 units and put on 95 cents to $52.50.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless closed with 10,000 units trading at 50 cents, Gleaner concluding trading with 416 shares changing hands at 81 cents, Grace Kennedy finished with 3,533 shares trading at $62, Proven Investments in trading 2,420 shares closed at 21 US cents, Sagicor Group closed with 62,506 shares trading at $10, Sagicor Real Estate Fund had 66,350 units trading at $6.70 and Scotia Group closed with 131,483 shares changing hands at $20.05.
JSE sum 2-2-15 Declines| Scotia Investments was the sole stock in the main market to end with a loss while 5,000 shares changed hands to close lower by 45 cents to $22.55 units.
Preference| Jamaica Money Market Brokers 7.50% preference share traded 300 units to close at $2 and Jamaica Money Market Brokers 8.75% preference share traded 5,000 units to end with an increase of 2 cents to $3.02.

2 new highs, 7 stocks rise 2 declined

138 Student Living closed at a new high on Friday

138 Student Living, the stock closed at a new high on Friday

Friday’s activity on the Jamaica Stock Exchange, resulted in the prices of 2 stocks making new all-time highs as 7 stocks rose and only 2 declined. A total of 18 securities changed hands, ending in 5,219,205 units trading, valued at $27,852,702, in all market segments.
Main Market| The JSE Market Index lost 176.81 points to 76,539.17, the JSE All Jamaican Composite index fell/ decline 197.68 points to close at 84,292.66 and the JSE combined index gained declined 40.34 points to close at 78,413.24.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator maintains a bullish stance with 10 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Carreras finishing with 129,395 shares while gaining 80 cents to close at $39.50. Recently listed, 138 Student Living ending with 2,775,000 units 30 cents higher, at a new all-time high of $4.40 and Proven Investments closed with 100,000 shares while gaining 0.04 cents 21 US cents.
JSE sum 30-1-15 Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless having 557,504 units trading at 50 cents. Caribbean Cement closed with 18,006 shares changing hands at $2.36, Desnoes & Geddes finished with 284,000 units trading to end at $4.90, Grace Kennedy finished with 4,665 units traded at $62, Jamaica Producers had 287 shares changing hands at $17. Pan Jamaican Investment ending with 1,100 units trading, to end at $52.01, Sagicor Group ending with 224,299 shares trading at $10 and Scotia Investments closed with 287 shares trading at $23.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Supreme Ventures in trading 104,000 units and lost 15 cents in closing at $2 and National Commercial Bank closing with 27,860 shares trading lower by 10 cents to $19.90.
Preference| Jamaica Money Market Brokers 7.50% preference share traded 5,700 shares trading at $2 and Proven Investments 8% preference share traded 391,000 units traded at $5