The main market of the Jamaica Stock Exchange recorded its highest gain ever with a huge jump of 9,440.63 points on All Jamaican Composite index to hit 126,995.43 as Desnoes & Geddes traded 59,126 shares at $25 for an increase of $9.97 to be the main contributor to the gains.
Trading in the overall market has been strong with 28 securities being active at 11 am, with a volume of 10,402,800 units as 17 stocks gained and 2 declined.
In Trading, Berger Paints traded 899,350 shares at $2.50, Caribbean Producers exchanged 1,649,403 up to $2.80, General Accident traded 2,000,000 units at $1.75, Jamaica Broilers exchange 601,851 shares at $7 and Lasco Distributors had 3,043,460 units trading at $2.80.
The JSE Market Index rose 8,447.57 points to 114,570.64, the JSE combined index rose 7,451.90 points to be at 118,884.23 and the junior market index fell 58.68 points to 1,199.65.
The JSE enjoys record gain on Wednesday
Huge jump in JSE with D&G at $13
The prices of stocks jumped sharply in the Friday morning session as Desnoes and Geddes jumped $5.07 to trade at $13.177 with 29,094,581 shares trading. National Commercial Bank traded at a new 52 weeks’ high of $33, Caribbean Cement shot up to $9 with 281,375 shares, Cable & Wireless traded up to 55 cents and Jamaica Producers traded 196,137 shares at $18.50.
The junior market is also participating in the rise with new highs recorded for Caribbean Cream with 233,000 shares trading at $3.30, Lasco Distributors trading 141,724 at $2.50, Lasco Manufacturing trading 113,500 shares at $3.20 and new 52 weeks’ high for Caribbean Flavours. Overall 20 securities have traded at 11 am with a volume of a mere 30,367,589 units, 15 stocks gained 1 declined.
Trading activity resulted in the JSE Market Index jumping 5.62 percent or 5,611.11 points to 105,383.18. The JSE All Jamaican Composite index rose 5.68 percent or 6,270.73 points to 116,727.92, the JSE combined index leaping 5,884.19 points to be at 109,900.19 and the junior market up 6.02 percent or 66.22 points to 1,165.52 for a new record.
J$31 offer for D&G shares spikes market
The 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.
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 .
bid 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.
Price changes aplenty & no direction for JSE
The 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.
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,
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.
JSE up Friday morning
There were only 8 securities trading after 90 minutes of the market’s opening, on Friday.
Trading volume is a mere 279,185 units, with 2 stocks declining versus 5 rising as trading levels remain depressed with just about all results now in for the companies.
Trading activity resulted in the JSE Market Index rose 301.54 points to 98,698.01. The JSE All Jamaican Composite index gained 337.03 points to close at 108,139.13 and the JSE combined index put on 384.32 points to end at 100,713.16. The junior market gained just 11.04 point to close at 949.11.
The notable trades are Carreras with 191,096 shares with the price slipping 50 cents $49 and Desnoes & Geddes with 54,909 units at $6.90.
Technical issues hit JSE on Tuesday
The JSE Market Index declined 159.12 points to 97,271.15 the JSE All Jamaican Composite index fell 177.86 points to close at 107,661.94 but the JSE combined index fell just 13.51 points to end at 99,998.57 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 10 stocks with bids higher than their last selling prices and 6 with offers that were lower, an improvement over the ratio on Monday of 5 to 5. In trading, Cable & Wireless had 200,000 units changing hands to close at 45 cents but looking better than for weeks with bid at 46 cents to buy 201,436 while the offers at 50 cents declined leaving only 315,000 units at the price. With the company reporting profits from operations of $186 million in the March quarter from revenues of $6 billion, the highest in a March quarter since 2007, investors may be quietly going after the stock. The company confirmed that the quarter had some business to business sales in the revenue figure which helped to push improvement up by 29 percent.
Caribbean Cement had 131,225 units trading at $6 after adding 50 cents, Carreras gained 70 cents in trading just 2,382 shares to close at $49. Desnoes and Geddes traded at $7.55 with 54,724 shares, Gleaner ended with 65,885 shares changing hands to gain 11 cents, for a 52 weeks’ high of $1.40. Jamaica Broilers fell 59 cents in trading 7,410 units to end at $5.41, National Commercial Bank in trading 20,960 shares, to close at $29.04, Pan Jamaican Investment had 18,780 shares changing hands 50 cents higher at $61.50. Radio Jamaica ended with 124,000 shares trading at $3.50, Proven Investments ended with 51,900 ordinary share trading at 21 US cents, Sagicor Group gained 45 cents with 22,385 units trading, to end at $13, but had 1 million units on sale at $13 at the close and Proven 8% preference share traded 155,695 units at $5.
Declining stocks on top Monday
The JSE Market Index declined 236.68 points to 97,430.27 the JSE All Jamaican Composite index fell 264.54 points to close at 107,839.80 but the JSE combined index dropped 234.79 points to end at 100,012.08.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 5 stocks with bids higher than their last selling prices and 5 with offers that were lower.
In trading, Cable & Wireless had 128,943 units changing hands at 45 cents at the close, after shedding 2 cents. Caribbean Cement had 68,775 units trading at $5.50, Carreras lost $2.20 while trading 20,000 shares to close at $48.30, Desnoes and Geddes traded at $7.56 with 35,000 shares,
Gleaner ended with 5,600 shares changing hands to gain 10 cents, for a 52 weeks’ high of $1.29. Grace Kennedy ended with 21,158 units at $63.50 by dropping 50 cents, Jamaica Broilers gained 50 cents in trading 7,605 units to end at $6, JMMB Group added 10 cents in trading 400,538 shares and ended at $7.50. Mayberry had 36,805 shares trading, to end at a $2.52, National Commercial Bank fell 47 cents while trading 99,459 shares, to close at $29.03, Sagicor Group fell 15 cents with 485,685 units trading, to end at $12.55, but only after it traded during the day at a 52 weeks’ high of $13.10, Sagicor Real Estate Fund saw trading in 6,053 units but lost 40 cents in closing at $7.30, Scotia Group had 11,027 units trading 4 cents up at $23.25.



shares up to at $9.50 at the close, with a gain of $1.50 but the offer at the close, was at $9 to sell 50,000 shares, the stock closed with the bid of $7.90 to buy 91,912 shares. 



