Pan Jamaican Investments Trust jumped $3.30 to a new 52 weeks’ high, on Tuesday, trading in the stock accounted for $34.2 million of the day’s activity. Activity on the Jamaica Stock Exchange, resulted in the prices of 4 stocks rising and 7 declining as 18 securities changed hands, ending in 2,127,873 units trading, valued at $41,812,058, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than their last selling prices and 7 stocks with offers that were lower.
Main Market| The JSE Market Index lost 93.54 points to 74,458.58, the JSE All Jamaican Composite index fell 104.59 points to close at 81,966.34 and the JSE combined index declined by 138.77 points to close at 76,362.07.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Desnoes & Geddes completed trading with 1,000,000 shares changing hands, with a gain of 3 cents to $4.60. Jamaica Money Market Brokers saw trading in 2,300 ordinary shares and gained 5 cents to $7.10, Pan Jamaican Investment finished trading with 618,400 shares, the price rose $3.30 cent to $55 and Proven Investments concluded trading with 7,308 units and put on 1.20 cents to 18.5 US cents.
Firm| The stocks in the main market to close without a change in the last traded prices are, Carreras ending trading with 920 shares changing hands to close at $36.89, Jamaica Broilers exchanged 4,660 shares trading at $4. Jamaica Stock Exchange ended trading with 6,942 shares changing hands, at $1.50, Mayberry Investments contributed 8,159 shares at $1.50 and Radio Jamaica traded 8,882 shares at $1.18.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless ended with 48,985 units as the price slipped 2 cents to 43 cents, Jamaica Producers finished with 5,000 shares with a loss of 5 cents to $15.95, National Commercial Bank ended with 19,418 shares changing hands to close 11 cents down to $18, Sagicor Group ended trading with 36,298 shares for 10 cents less at $9.90 and Scotia Group ended with 53,411 shares changing hands to close lower by 50 cents at $19.50.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 282,190 shares changing hands to close at $3 Jamaica Money Market Brokers 7.50% preference share exchanged 3,000 units at $2.
Pan Jam jumps $3.30 to year’s high on JSE
JSE Market starts December up
Monday’s activity on the Jamaica Stock Exchange, resulted in the prices of 7 stocks rising and 6 declining as 22 securities changed hands, ending in 1,979,654 units trading, valued at $9,662,737, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than their last selling prices and 7 stocks with offers that were lower.
Main Market| The JSE Market Index gained 213.63 points to 74,552.12, the JSE All Jamaican Composite index rose 238.86 points to close at 82,070.93 and the JSE combined index gained 180.89 points to close at 76,500.84.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless completing trading with 229,162 shares while gaining 1 cent to 45 cents, Mayberry Investments concluded trading with 100,000 units and put on 2 cents to $1.50, National Commercial Bank closed with 6,500 shares as the price climbed 11 cents to $18.11 and Sagicor Group finished trading with 157,895 shares changing hands to close 1 cent higher at $10.
Firm| The stocks in the main market to close without a change in the last traded prices are, Grace Kennedy having 2,768 shares trading at $61, Pan Jamaican Investment ended trading with 4,386 shares changing hands, at $51.70. Radio Jamaica contributed 17,354 shares in trading to end at $1.18, Scotia Group ended with 106,500 shares at $20, Scotia Investments finished trading with 7,756 shares changing hands at $22.50 and Seprod had 12,185 shares changing hands to close at $12.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras ending with 650 units as the price slipped 11 cents to $36.89, Jamaica Broilers finished with 84,583 shares with a loss of 5 cents to $4. Jamaica Stock Exchange finished with 35,000 units and fell 5 cents lower at a new 52 weeks’ low of $1.50 and Proven Investments ended trading with 165,136 shares for 0.69 cent less at 17 US cents.
Preference| Jamaica Money Market Brokers 8.75% preference share traded with 32,350 shares changing hands to close at $3.
Interest cost jump burdens C&W
Cable & Wireless HQ Kingston
At the same time, profit before finance cost moved from a loss of $179 million in the six months to September, to a profit of $645 million. Higher finance cost, jumped from $730 million to $1.98 billion for the six months, from the year before, resulting in a similar loss as in 2103 of $600 million for the quarter and $250 million lower than in 2013 for the six months, to end at $1.32 billion.
Mobile subscribers grew by 125,000 during the April to September period and Mobile traffic increased by 34 percent and mobile service revenue is up 38 percent, the company reported.At the end of March Cable & Wireless stated that they had 705,000 mobile customers. The increase since March, puts active mobile customers at roughly 830,000, by the end of September. At the end of June this year, Mobile subscriber base increased by 37 percent with revenue increasing by 34 percent, broadband base increased by 12 percent with revenue up 39 percent. The continued strong growth in mobile customers is resulting in increased revenues for the local company, moving them closer to a break-even point.
The company cut employment cost sharply for both the quarter and six months but increased marketing spend to push various mobile and internet plans and boost the customer base, which should redound to benefit increased revenues, going forward.The second half of the year is more profitable for the company, with the revenue to be booked for the telephone directories and lower marketing cost in the final quarter of the year. Lower Treasury bill rates should see the interest rate that is used to book interest, being lowered by almost 25 percent compared with the first half of the year. IC Insider is projecting a profit in 2015/16 as revenues should continue the strong growth with the push to capture a larger portion of the cellular market and the double benefit of lower out payment cost per customer as the base grows and increase revenue from voice and data.
JSE market indices up 4% in November
Friday’s activity on the Jamaica Stock Exchange, resulted in the prices of 7 stocks rising and 6 declining as 24 securities changed hands, ending in 12,560,380 units trading, valued at $56,058,056, in all market segments, the market ended the months with gains in the major indices.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than their last selling prices and 7 stocks with offers that were lower.
Main Market| The JSE Market Index climbed 313.18 points to 74,338.49, the JSE All Jamaican Composite index rose 350.19 points, to close at 81,832.07 and the JSE combined index gained 308.54 points, to 76,319.95. The three main market indices ended up well ahead of the October close, by more than 2,600 points each, gaining 4 percent in the process.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Grace Kennedy ending with 110,550 shares while gaining 60 cents to $61, followed by Jamaica Broilers that concluded trading with 10,950 units, to close with a gain of 5 cents at $4.05. Pan Jamaican Investment trading 1,200 shares, to end with an increase of $1.20 to $51.70, Sagicor Group ended trading with 710 shares, the price climbed 9 cents to $9.99 and Scotia Group closed with 3,385 shares changing hands to close at 50 cents to $20.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless ending with 235,500 shares, changing hands, to close at 44 cents, Caribbean Cement ended with 67,932 shares trading at $2.40, Carreras had 6,880 shares changing hands to close at $37. Ciboney concluded trading with 10,000 shares trading at 7 cents. Jamaica Money Market Brokers with 31,680 ordinary shares changing hands, closed at $7.05, Kingston Wharves ended trading with 1,416 shares trading at $6, Proven Investments had 600 shares changing hands 17.99 US cents and Radio Jamaica ended with 50,000 units trading to close $1.18.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Desnoes & Geddes closed with 9,330,980 shares trading 19 cents to $4.57, National Commercial Bank finished trading with 8,165 units and fell 1 cent lower at $18 and Scotia Investments ended trading with 40,650 shares, 5 cents lower to $22.50.
Preference| Jamaica Money Market Brokers 8.75% preference share tradedended trading with 168,000 units at $3, Jamaica Money Market Brokers preference share traded 7.50% contributed 2,500 units at $2 and Proven Investments 8% preference share traded 67,300 units to close 20 cents down at $5.50.
12 stocks rise 4 declines on JSE
In Thursday’s activity on the Jamaica Stock Exchange, Sagicor Investments bought and sold 5,130,557 National Commercial Bank shares at $92.8 million, accounting for the bulk of trading on the exchange. At the close the prices of 12 stocks rose and 4 declined as 27 securities changed hands, ending in 8,932,509 units trading, valued at $99,815,205, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had only 2 stocks with bids higher than their last selling prices and 8 stocks with offers that were lower, reflecting short term negative sentiments.
Main Market| The JSE Market Index lost 137.73 points to 74,025.31, the JSE All Jamaican Composite index fell 154.01 points to close at 81,481.88 and the JSE combined index gained declined by 68.49 points to close at 76,011.41.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless with 7,500 units to close with a gain of 1 cent at 44 cents, Jamaica Money Market Brokers concluded trading with 4,500 units to close with a gain of 5 cents at $7.05, Jamaica Producers concluded trading with 2,123 units and put on 50 cent down at $16, Sagicor Group closed with 209,069 shares as the price climbed 2 cents to $9.90 and Scotia Investments closed with 1,500 shares changing hands to close with a gain of 4 cents at $22.55.
Firm| The stocks in the main market to close without a change in the last traded prices are, Caribbean Cement ended trading with 713 shares at $2.40, Carreras exchanged a mere 100 shares at $37, Gleaner in trading with 100,000 shares, to close at $1. Grace Kennedy exchanged 4,380 shares at $60.40, Kingston Wharves ended trading with 12,000 shares changing hands at $6, Proven Investments contributed 3,300 units at 17.99 US cents, Radio Jamaica ended trading with 1,635 shares at $1.18, Sagicor Real Estate Fund finished trading with 22,000 units changing hands at $6.85 and Seprod closed with 18,593 units at $12.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Desnoes & Geddes ended with 2,020 units as the price slipped 6 cents to $4.76, Jamaica Broilers closed with 9,318 shares trading 1 cent lower at $4, National Commercial Bank finished with 5,149,153 shares with a loss of 8 cents to $18.01, Scotia Group finished trading with 2,300 units and fell 5 cents to $19.50
Preference| Jamaica Money Market Brokers 8.50% preference share traded 12,000 units and gained 7 cents to $3.50 and Proven Investments 8% preference share ended with 3,846 shares changing hands to close with an increase of 70 cents to stocks closed at all-time highs $5.70.
Trading sinks to only $7M on JSE
In a very moderate trading Wednesday on the Jamaica Stock Exchange, the prices of 5 stocks rose and 8 declined as 23 securities changed hands, ending in only 1,348,967 units trading, valued at $6,683,127, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
Main Market| The JSE Market Index shed 384.01 points to 74,163.04, the JSE All Jamaican Composite index fell 429.38 points to close at 81,635.89 and the JSE combined index declined by 414.46 points to close at 76,079.90.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Carreras concluded trading with 30,485 shares while gaining 50 cents to $37, Grace Kennedy finished trading with 9,710 shares rising 40 cents to $60.40, Proven Investments concluded trading with 26,880 units and put on 0.69 cent to 17.99 us cents and Seprod ended trading with 80,000 shares with an increase of 20 cents to $12.
Firm| The stocks in the main market to close without a change in their last traded prices are, Caribbean Cement ending with 193,500 shares trading at $2.40, followed by Ciboney in exchanging 2,000 shares, to close at 7 cents, Jamaica Money Market Brokers ended trading with 2,120 ordinary shares at $7. Kingston Wharves ended trading with 130,544 shares at $6, Radio Jamaica finished trading with 12,696 shares at $1.18, Sagicor Real Estate Fund had 30,000 shares changing hands at $6.85 and Scotia Group ended with 13,040 units to close $19.55.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless that closed with 79,383 shares trading 1 cent lower, at 43 cents, Desnoes & Geddes with 28,292 shares, at a loss of 1 cent to $4.82, Jamaica Broilers finished trading with 43,836 units, fell 9 cents to $4.01. Mayberry Investments exchanged 65,000 shares to close 2 cents lower at $1.48, National Commercial Bank concluded trading with 16,878 shares changing hands to close at 76 cents down at $18.09 and Salada Foods ended with 10,000 shares changing hands to close at 35 cents lower at $7.50.
Preference| Jamaica Money Market Brokers 7.50% preference share traded contributed 98,000 units at $2.
7 stocks gained & 7 declined on JSE
Tuesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 7 stocks rising and 7 declining as 24 securities changed hands, ending in 13,351,835 units trading, valued at $51,923,241, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 4 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
Main Market| The JSE Market Index lost 15 points to 74,547.05, the JSE All Jamaican Composite index fell 16.77 points to close at 82,065.27 and the JSE combined index gained 20.59 points to close at 76,494.36.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless that concluded trading with 5,523,062 shares while gaining 1 cent to 44 cent, Jamaica Broilers finished trading with 30,061 shares, with the price rising 8 cents to $4.10. Scotia Group ended trading with 254,039 shares, with an increase of 5 cents to $19.55, Seprod closed with 18,854 shares as the price climbed 30 cents to $11.80 and Supreme Ventures finished trading with 43,500 shares changing hands, to close 4 cents higher at $1.80.
Firm| The stocks in the main market to close without a change in the last traded prices are, Caribbean Cement that had 138,200 shares changing hands to close at $2.40, Jamaica Money Market Brokers exchanged 30,232 ordinary shares at $7, Jamaica Stock Exchange contributed 200,000 shares in trading at $1.55. Kingston Wharves ended trading with only 350 units at $6, Mayberry Investments had 114,164 units to close $1.50, Proven Investments ended with 9,762 shares at 17.30 US cents.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras ended with 157,195 units as the price slipped 50 cents to $36.50, Desnoes & Geddes closed with 32,446 shares trading 2 cents lower at $4.83. Grace Kennedy finished with 122,717 shares and lost 1 cent to end at $60, National Commercial Bank had 1,271,881 shares changing hands to close 40 cents lower at $18.85 and Sagicor Group concluded trading with 4,000 shares changing hands to close at 11 cents lower to $9.88.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 31,380 shares at $3.
J$ loses against US & Canadian
The Jamaican dollar lost value against the US and Canadian dollars, but made moderate gain versus the Pound, on Friday. Authorized dealers purchased the equivalent of US$39,675,612 versus US$24,125,862 on Thursday, and sold the equivalent of US$33,292,725 compared with US$22,806,454 on Thursday.
In US dollar trading, dealers bought US$35,055,562 compared to US$20,663,189 on Thursday. The buying rate for the US dollar climbed 17 cents to $112.98 and US$30,800,856 was sold versus US$20,336,084 on Thursday. The selling rate inched up 5 cents to end at $113.39. The Canadian dollar buying rate climbed 29 cents to $99.19 with dealers buying C$2,161,974 and selling C$1,751,164, at an average selling rate that rose 58 cents, to $100.42. The rate for buying the British Pound climbed 45 cents to $175.31, for the purchase of £1,502,657, while £392,826 was sold, at $177.41, down 5 cents. Other currencies bought, amounted to the equivalent of US$390,500, while the equivalent of US$326,350, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 5 cents higher at $113.57, the lowest buying rate remained at $92.85. The highest selling rate rose 32 cents to $119.30 but the lowest selling rate was unchanged $110.50. The highest buying rate for the Canadian dollar climbed 70 cents higher to $101, the lowest buying rate gained 29 cents to end at $79.80, the highest selling rate fell 3 cents to close at $102.90. The lowest selling rate climbed 35 cents to $96.15. The highest buying rate for the British Pound, dropped 30 cents to $177.80. The lowest buying rate rose 50 cents to $143.34, the highest selling rate moved up 64 cents to $184.79 and the lowest selling rate gained 60 cents to $172.70.
JSE up 3,100 points for November so far
Trading on the Jamaica Stock Exchange closed the week with the main index up 1,116.30 points, the all Jamaica Index gained 1,248.18 points and the combined index 1,251.75 points, as the market recorded gains in all but one day for the week. For November, to date, the main market index is up 2,816 points, the all Jamaica Index 3,149 and the combined index 2,848 points.
Friday’s activity resulted in the prices of only 4 stocks rising, 8 declining as 21 securities changed hands, ending in 9,320,763 units trading, valued at $91,472,038, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than their last selling prices and 8 stocks with offers that were lower.
Main Market| The JSE Market Index gained 52.12 points to 74,621.16, the JSE All Jamaican Composite index rose 58.27 points to close at 82,148.13 and the JSE combined index gained 22.81 points to close at 76,503.91.
Gains| Stocks gaining with the last traded prices, at the end of trading, in the main market are, Cable & Wireless finishing trading, with 380,042 shares, 2 cents higher to 45 cents. Grace Kennedy concluded trading with 1,778 shares changing hands, 10 cents higher at $60.60 and Scotia Group closed with 2,324,106 shares trading, with a gain of 30 cents to $20. Barita Investments was the broker selling the most Scotia shares, and NCB Capital Market, the broker purchasing the bulk of the stock to trade, with most traded at $20.
Firm| The stocks in the main market to close without a change in their last traded price are, Caribbean Cement with 3,375 shares, changing hands, to close at $2.26, Jamaica Money Market Brokers with 7,900 ordinary shares changing hands at $7, Jamaica Stock Exchange finished trading with 6,000 shares at $1.55. National Commercial Bank had 987,977 shares changing hands at $19 and Radio Jamaica concluded trading with 378 shares changing hands, to close at $1.18. Sagicor Investments was the broker to trade the largest portion of the NCB trade with a cross of 967,497 units. At the close of trading there were only 12 offers posted between $19.15 and $35 for just under 200,000 shares, while there are a number of bids at $18 to $18.30 for more than 370,000 shares.
Declines| The last traded price of stocks with losses, at the close of the main market are, Desnoes & Geddes ended with 4,021,000 units trading, as the price slipped 5 cents to $4.85, Gleaner closed with 600 shares trading 1 cent lower at $1. Jamaica Broilers finished with 2,000 shares trading at a loss of 8 cents to $4.02, Mayberry Investments closed with 178,267 shares trading 2 cents to $1.50, Proven Investments had 269,400 shares changing hands to close 0.20 cents at 17.30 US cents and Sagicor Group ended trading with 3,500 shares changing hands to close 9 cents to $9.91.
Preference| Jamaica Money Market Brokers 7.50% preference share ended trading with 194,400 shares at $2.
9 up 6 down on JSE
Thursday’s activity on the Jamaica Stock Exchange, resulted in the prices of 9 stocks rising and 6 declining as 24 securities changed hands, ending in 4,155,612 units trading, valued at $38,853,829, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 4 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower.
Main Market| The JSE Market Index gained 80.66 points to 74,569.04, the JSE All Jamaican Composite index rose 90.19 points to close at 82,089.86 and the JSE combined index increased by 91.69 points to close at 76,481.10.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Gleaner finishing with 30,000 shares at 1 cent gain at $1.01, Jamaica Broilers with 2,330 shares changing hands, closed 9 cents higher to $4.10. Jamaica Money Market Brokers ended trading 664,120 ordinary shares and gained 40 cents to $7, Mayberry Investments saw trading in 230,000 units to close with a gain of 2 cents at $1.52, Pan Jamaican Investment ended with 3,000 shares rising 24 cents to $50.50 Sagicor Group closed with 183,270 units and put on 1 cent to $10 and Scotia Group finished trading with 269,756 shares at 30 cents higher at $19.70.
Firm| Stocks in the main market to close without a change in the last traded price are, Grace Kennedy with 12,394 shares to end at $60.50, Kingston Wharves with 23,000 shares at $6. Proven Investments had 7,097 ordinary shares, changing hands at 17.50 US cents and Sterling Investments concluded trading with 30,000 shares changing hands, to close at $134.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless ended with 198,271 units as the price slipped 7 cents to 43 cents, Caribbean Cement closed with 2,500 shares trading 14 cents higher to $2.26, Margaritaville ended with 200 units, the price slipped 1 US cent to a 52 weeks, low of 10 US cents and National Commercial Bank closed with 978,842 shares trading, but lost 5 cents to $19.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 273,624 units at $3.