JSE pushes higher on Tuesday

August 4, 2015 by

Jamaica Broilers jumped sharply on Tuesday to end at $6.50

Jamaica Broilers jumped sharply on Tuesday to end at $6.50

The Jamaica Stock Market closed on Tuesday with strong movement in the indices, as 13 stocks rise, 6 fell and 28 securities changed hands, with 9,621,142 units trading, valued at $29,054,581, in all market segments, 2 stocks closing at new 52 weeks’ high. Sagicor Real Estate Fund traded as a new intraday high of $9.10 but closed lower. At the close, the JSE Market Index gained 861.33 points to 99,439.71, the JSE All Jamaican Composite index rose 962.74 points to close at 110,085.82 and the JSE combined index added 1,043.92 points to end at 102,840.88.
JSE sum- 04-08-15r IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator showed a reading of 7 stocks with bids higher than their last selling prices and 4 with offers that were lower.
In trading, Cable and Wireless ended with 3,100,287 units changing hands and lost 3 cents to 39 cents, Caribbean Cement traded 10,250 shares to close at $7.10 after shedding 35 cents, Carreras gained $1 with 6,385 units trading to close at $52, Gleaner traded at $1.30, up 5 cents after 20,000 shares changed hands. Grace Kennedy traded only 1,830 shares at $65, Jamaica Broilers had 18,800 shares changing hands, in closing at $6.50, to record a new 52 weeks’ high. The Jamaica Stock Exchange stock traded 200,445 units at $7, Mayberry Investments had another large trade amounting to 3,982,668 shares trading between $2.75 JSE fn Qts-4-08-15and $3. National Commercial Bank had 75,894 shares trading and closed with a 25 cents gain to end at $30, Sagicor Group ended trading with 169,015 units at $13, Sagicor Real Estate Fund closed at $8 while trading 584,560 units and traded as high as $9.10 for a new intraday high. The fund had reported before trading, profit of 8 cents per share in the June quarter, down from 11 cents in the June 2014 quarter and 46 cents per share to June, this year versus 27 cents for the six months to June last year. Scotia Group ended with 6,348 units trading at $23.99, for 1 cent fall and Proven Investments traded 15,625 ordinary shares at 19 US cents.

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

NCB may give push to JSE soon

August 3, 2015 by

Supply is drying up for NCB

Supply is drying up for NCB

The Jamaica Stock Market closed on Monday with 12 stocks rising, 7 declining as 26 securities changed hands with 4,213,264 units trading, valued at $26,843,221, in all market segments with 2 stocks closing at new 52 weeks’ high, but lurking in the shadows are activities in National Commercial Bank that could give a big push to the JSE indices. Selling in the stocks has shrunken with a few days of fairly heavy trading in the last week of July. Currently, there are 11 offers with 140,000 units exposed in the market for sale in total, above $30.40.
At the close, the JSE Market Index lost 129.98 points to 98,203.59, JSE sum- 03-08-15rthe JSE All Jamaican Composite index fell 145.29 points to close at 108,705.88 and the JSE combined index added 66.62 points to end at 100,705.88.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator showed a reading of 9 stocks with bids higher than their last selling prices and 6 with offers that were lower.
In trading, Cable and Wireless ended with 42,253 units changing hands and lost a cent to 42 cents, Caribbean Cement traded 44,225 shares to close at $7.10 after shedding 35 cents, Carreras gained 25 cents with 6,715 units trading to close at $51, Gleaner traded at $1.25, down 5 cents after 15,300 shares changed hands. Grace traded 94,211 shares with a JSE fn Qts-3-08-15gain of $1 at $65, Jamaica Broilers had 22,400 shares changing hands, in closing at $5.70, Mayberry Investments had another large trade amounting to 2.900,000 shares trading at $3. National Commercial Bank had just 10,286 shares trading, while losing 25 cents to end at $29.75, Pan Jamaican Investment closed at $61.05 after trading 114,309 shares, to gain 55 cents, Radio Jamaica had 25,830 units changing hands while gaining 2 cents to close at $3.02, Sagicor Group ended trading with 10,325 units at $12.99, Sagicor Real Estate Fund closed at $8 while trading 25,000 units, Scotia Group ended with 13,561 units trading unchanged at $24,for 34 cents rise and Scotia Investments traded 56,092 shares to rise 20 cents to $27.

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Big Jump in rising stocks on Friday

July 31, 2015 by

The Jamaica Stock Market closed on Friday with 15 stocks rising, 5 declining as 26 securities changed hands with 2,738,510 units trading, valued at $22,665,691, in all market segments.
JSE sum 31-7-15At the close, the JSE Market Index gained 267.15 points to 98,470.74, the JSE All Jamaican Composite index rose 298.61 points to close at 109,002.77 and the JSE combined index added 674.11 points to end at 101,379.99.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator showed a reading of 10 stocks with bids higher than their last selling prices and 6 with offers that were lower.
In trading, Cable and Wireless ended with 266,138 units changing hands at 43 cents, Caribbean Cement traded 75,396 shares to close at $7.45, JSE fn qts 31-7-15 Gleaner traded at $1.15 and gained 15 cents after 32,960 shares changed hands, Grace traded 7,830 shares unchanged at $64, Jamaica Broilers had 33,982 shares changing hands and 10 cents in closing at $5.70, National Commercial Bank had 456,187 shares trading while gaining 20 cents to end at $30. Sagicor Group ended trading with 22,661 units at $13, Scotia Group ended with 64,798 units trading with a loss of 41 cents at $23.66, Supreme Ventures with 102,651 shares traded at $3.30 for a decline of 25 cents and Jamaica Money Market Brokers 7.50% preference share closed with 166,600 shares trading at $6.02.

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12 stocks rose on JSE on Wednesday

July 29, 2015 by

Trading on the Jamaica Stock Market closed on Wednesday with 12 stocks rising, 8 declining as 29 securities changed hands with 6,830,260 units trading, valued at $85,544,632, in all market segments.
At the close, the JSE Market Index gained 122.39 points to 98,333.57, the JSE All Jamaican Composite index increased 136.80 points to close at 108,849.45 and the JSE combined index added 361.61 points to end at 100,639.26.
JSE sum 29-7-15 IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator showed a reading of 6 stocks with bids higher than their last selling prices and 2 with offers that were lower.
In trading, Cable and Wireless ended with 50,000 units changing hands at 41 cents, Caribbean Cement lost 75 cents to close at $7.45 with 13,880 shares trading, Carreras gained just 1 cent with 41,680 units trading to close at $50.26, Desnoes & Geddes traded 87,739 shares with a 20 cents fall to $6.80. Gleaner traded unchanged at $1.30 with 123,656 shares changing hands, Grace Kennedy traded just 1,100 shares to gain 99 cents to $64, Jamaica Broilers had 1,424,572 shares changing hands at $5.67 for a 5 cents gain, Jamaica Producers gained 30 cents to close at $18.80 with 10,000 units changing hands. JMMB Group traded 835,324 units to end unchanged at $7.50, Mayberry Investments traded at $2.75 with JSE fn qts 29-6-15a fall of 25 cents, with 520,277 units, National Commercial Bank had only 12,940 shares trading, but gained 5 cents to $29.55. Pan Jamaican Investments closed at $61 after adding 95 cents to the price, with 581,167 shares, changing hands valued $36 million, Proven Investments had 81,763 shares trading at 20 US cents, Sagicor Group ended trading with 908,500 units at $13. Scotia Group traded 532,374 units to end 3 cents lower at $24.07, traded 20,812 units, 20 cents higher at $26.80, Seprod traded 15,045 shares lost 10 cents lower at $14.90 and Supreme Ventures with 26,000 shares traded at $3.60 for a rise of 25 cents.

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JSE continues up

July 2, 2015 by

Scotia Climb keeps indices rising

Scotia Climb keeps indices rising

Prices on the Jamaica Stock Exchange continued in a positive mode on the second day of July, albeit not as strong as on the first, but it ended on a high, with Scotia Group climbing for the second day, after it posted gains of $1.25 on Wednesday. The movement in the banking group stock price, was again the main contributor to the rise of the main indices on Thursday.
The market closed with a large number of stocks showing softness suggesting that there could be large number of declines evens as advances may pick up from today’s levels.
Trading ended with 9 stocks rising, 5 declining as 23 securities changed hands and ending in 1,876,486 units trading, valued at $10,673,692 and 1 stock closed at 52 weeks’ high in all market segments.
The JSE Market Index declined 284.62 points to 99,026.54 the JSE All Jamaican Composite index gained 318.14 points to close at 109,624.01 but the JSE combined index rose 223.92 points to end at 101,440.59 thanks to gains in the junior market offsetting declines in the main market.
JSE sum 2-7-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator was showing a poor reading of only 13 stocks with bids higher than their last selling prices and 13 with offers that were lower, in contrast 6 to 7 at the close on Wednesday.
In trading, Cable & Wireless had 539,627 units changing hands to close at 46 cents. Caribbean Cement had 117,440 units trading at $5.50 after shedding another 20 cents on top of 30 cents on Wednesday. Desnoes and Geddes traded 7,086 shares at $7.39 to end down 15 cents, Gleaner ended with 30452 shares changing hands, to gain 2 cents, for a 52 weeks’ high of $1.50. Jamaica Broilers gained 30 cents to reach $5.75 while only 2,000 shares changed hands, the stock closed with an off at $5.65,JSE fn-Qts 2-7-15 Jamaica Stock Exchange traded just 2,000 shares and shed 35 cents in closing at $5.75, at the close the bid was at $6.15. National Commercial Bank in trading 26,067 shares, to close higher by 86 cents at $29.90, Pan Jamaican rose 50 cents to $62 with 22,779 shares trading, the stock was mostly down on the day at $61.10. Sagicor Group with 20,883 units trading, ended unchanged at $13.01, Sagicor Real Estate Fund traded 80,000 units with a decline of 38 cents to $7.62 and Scotia Group that traded 106,740 shares to close at $24.94 to gain 43 cents but closed with the offer at $24.50. Jamaica Money Market Brokers 8.75% preference share traded 649,316 to gain 2 cents at $3.

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

JSE off to big July start

July 1, 2015 by

Scotia rose to $24.50 during trading to help push market on Wednesday

Scotia rose to $24.50 during trading to help push market on Wednesday

Activity on the Jamaica Stock Exchange ended commenced the start of July with strong showing as Scotia Group climbed $1.25 to help push the main indices strongly upwards and pushing one time in trading the All Jamaica Composite index over 2,000 points.
Trading ended with 12 stocks rising, 7 declining as 29 securities changed hands and ending in 12,250,815 units trading, valued at $88,380,669 and 3 stocks closed at 52 weeks’ high in all market segments. The main market closed with 6 stocks advancing to 3 falling.
The JSE Market Index declined 1,470.77 points to 98,741.92 the JSE All Jamaican Composite index gained 1,643.93 points to close at 109,305.87 but JSE sum 1-7-15the JSE combined index rose 1,218.10 points to end at 101,216.67 thanks to gains in the junior market offsetting declines in the main market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator was showing a poor reading of only 6 stocks with bids higher than their last selling prices and 7 with offers that were lower, a deterioration over the ratio of 10 to 6 on Tuesday.
In trading, Cable & Wireless had 278,936 units changing hands to close 1 cent higher at 46 cents. Caribbean Cement had only 3,410 units trading at $5.70 after shedding 30 cents, Carreras lost 79 cents in trading just 27,687 shares to close at $48.21. Desnoes and Geddes traded at $7.55 with 42,504 shares, Gleaner ended with 13,000 shares changing hands to gain 8 cents, for a 52 weeks’ high of $1.48, Grace Kennedy gained 50 cents to reach $64 while 132,737 shares changed hands. Kingston Wharves traded just 1,000 shares and shed 55 cents in closing at $6.60, JSE fn-Qts 1-7-15National Commercial Bank in trading 25,835 shares, to close unchanged at $29.04, Pan Jamaican Investment had 21,147 shares changing hands at $61.50, Pulse Investments traded at a new 52 weeks’ high of 70 cents after adding 15 cents with 9,000 shares trading. Proven Investments ended with 366,320 ordinary shares trading at 21.2 US cents, up from US$21, Sagicor Group gained just 1 cent with 147,788 units trading, to end at $13.01 after trading as high as $14.50, a new 52 weeks’ high and Scotia Group that traded 10,505 shares to close at $24.50 after trading at $25 and as low as $23.25 to gain $1.25.

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Sagicor & JMMB active insider trades

March 27, 2015 by

A number of insider trades in JMMB shares occurred in March

A number of insider trades in JMMB shares occurred in March

Insiders were active, in buying stocks they are connected to in March with Sagicor Group and Jamaica Money Market Brokers (JMMB) insiders being pretty active in trading their company’s shares. While Sagicor insiders, were buying the stock, JMMB connected parties were mostly sellers. For the various companies reporting inside trades, insiders were mainly buyers but there were a few sale of stocks, of the companies to which they are connected.
A series of listed companies released information to the Jamaica Stock Exchange about each trade that took place in 2015 recently. Connected parties at Jamaica Broilers sold a total of 10,236,510 shares on January 28 and February 12. Sagicor Group had a senior manager purchasing 246,944 shares on March 18 and two senior managers purchased a total of 2,061,715 shares under during the period March 11 and March 16. The trades were done under the Executive Long Term Incentive of the group.
Insiders are buying into Sagicor Group's vision of the future.

Insiders are buying into Sagicor Group’s vision of the future.

A Desnoes and Geddes’ director purchased 180,000 shares between the March 4 and 18, while over at Blue Power Group a director purchased 13,000 of the company’ shares on March 10. Grace Kennedy had seven non-executive directors acquiring 69,895 shares on March 12, as part of compensation for the year 2014. Mayberry Investments’ related party purchased 100,000 shares on March 24 and another purchase by a related party for 65,000 shares was on March 13.
Pan-Jamaican Investment saw a related party purchasing 24,401,900 shares on March 6.
There were only a few sales by insiders for the various companies reporting, with Jamaica Money Market Brokers’ connected party selling 778,362 shares on March 17 and a related party selling 20,219 shares on March 16 and 211,249 on March 11. On February 24 and 25 a related party purchased 5,533,174 of the company’s shares but between March 19 and 24 a related party to a director sold 4,000,000 shares.
Scotia Group had two senior managers disposing of 53,926 shares held under the Employee Share Ownership Plan.

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