Jamaica Broilers traded at a new high on Tuesday
The market closed Tuesday, with 11 stocks gaining and 7 declining coming from the junior market as 6 securities ending at new 52 weeks’ closing highs.
The All Jamaica Composite Index dropped 750.62 points to close at 254,224.65, the JSE Market Index fell 671.19 points to finish at 231,025.35 and the JSE combined index lost 849.58 points, to close at 245,876.85.
At the close, 9,830,806 units valued at $174,930,678 changed hands, compared to 17,383,764 units valued at $129,272,080 changing hands on Monday. Of the stocks traded, the junior market accounted for 3,740,128 units valued at over $70,476,295.
The average trade for the day in the main market ended at 210,760 shares compared to an average of 179,527 units on Monday. For the month to date, an average of 188,403 shares compared to an average of 166,045 units up to the prior trading day. January ended with an average of 592,602 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 9 stocks with bids higher than their last selling prices and 1 with a lower offer.In market activity, Barita Investments gained 30 cents to close at a 52 weeks’ high of $8, while trading 96,986 units, Berger Paints exchanged 59,653 shares at $12, Cable and Wireless closed 4 cents higher to $1.29 with 462,009 units changing hands, Caribbean Cement lost 30 cents to close at $30.30 with trades of 85,064 shares. Carreras closed at a 52 weeks’ high of $68, gaining $1 with 16,633 units traded, 1834 Investments added 5 cents to close at $2.20 with trades of 88,628 shares, Grace Kennedy closed at $40.50, losing 15 cents with 2,650,225 units changing hands. Jamaica Broilers lost 10 cents, closing at a 52 weeks’ high of $16.15 trading 18,902 shares, Jamaica Producers declined by 97 cents to close at $20.75 with 168,975 units changing hands, Jamaica Stock Exchange closed at $9.50, losing $1 with 281,670 shares traded and JMMB Group lost 5 cents to close at $19.55 with an exchange of 68,103 units. Kingston Properties ended at $10 trading 23,048 shares, Kingston Wharves declined 50 cents, closing at $31 with trades of 115,240 units, Margaritaville Turks gained 4 cents to close at 39 US cents, trading 4,000 shares,
Barita closed at a new high on Tuesday.
Trading volume on the Trinidad & Tobago Stock Exchange on Tuesday remained low even as 12 securities changed hands compared to 9 on Monday.
and Scotia Investments closed 1 cent lower to $2.20 with 7,755 shares changing owners.
At the close, 17,383,764 units valued at $129,272,080 changed hands, compared to 23,308,737 units valued at $169,240,005 changing hands on Friday. Of the stocks traded, the junior market accounted for 13,224,639 units valued at over $70,476,295.
JMMB Group gained 10 cents to close at $19.60 with 336,314 units traded. Kingston Wharves dropped $2 to close at $31.50 with trades of 7,065 units, Mayberry Investments gained 25 cents, closing at $5.75 with 54,645 shares changing hands, National Commercial Bank added 10 cents to close at $65, after swapping 26,583 shares. 138 Student Living traded 438,159 units at $4.50, Pan Jamaican ended trading at a 52 weeks’ high of $44, gaining $4 with an exchange of 35,183 shares. Radio Jamaica gained 2 cents and closed at $1.70 trading 345,833 units, Sagicor Group closed at $35.50 with trades of 34,157 units, Sagicor Real Estate fund closed at $11.50, gaining $1.50 with an exchange of 3,550 units, Scotia Group closed at $43.10, having traded 276,859 shares. Supreme Ventures closed at $5.70 with 625,973 shares traded and Proven Investments gained 2 US cents trading 389,057 ordinary shares to close at 32 US cents.
Prestige Holdings gained 14 cents trading 100 shares to close at $10.99 and Trinidad & Tobago NGL closed at $22.80 with gains of 5 cents and 4,200 shares changing owners.
Bulls pushed stocks higher on Friday, with the all market indices moving to new record highs on the Jamaica Stock Exchange with 56 securities changing hands in the overall market ending with 25 stocks rising and 13 falling. 
The average trade for the day in the main market ended at 116,707 shares compared to an average of 200,657 units on Thursday. For the month to date, an average of 152,563 shares compared to an average of 188,419 units up to the prior trading day. January ended with an average of 592,602 units.
One Caribbean Media closed at a 52 weeks’ low of $19.50, losing 40 cents trading 250 shares, Republic Financial Holdings closed at a 52 weeks’ low of $106.69, losing 5 cents with 206 units traded and Scotiabank exchanged 174 units, closing 5 cents lower to $58.70.
At the close, 13,502,301 units valued at $265,917,085 changed hands, compared to $146,199,269 units valued at $265,917,085 changing hands on Wednesday. Of the stocks traded, the junior market accounted for 7,916,160 units valued at over $42,290,565.
The average trade for the day in the main market ended at 355,210 shares compared to an average of 265,989 units on Tuesday. For the month to date, an average of 176,182 shares compared to an average of 188,966 units up to the prior trading day. January ended with an average of 592,602 units.
Stocks jump to new records in trading on Tuesday with the All Jamaica Composite Index blasting pass resistance around the 243,000 level in decisive fashion. The market should have a comfortable rise to 265,000 points mark, the next area of resistance. 
Kingston Properties exchanged 1,500 shares at $10, Kingston Wharves closed at $34, gaining $1 with trades of 4,050 units, Mayberry Investments exchanged 20,400 shares with gains of 5 cents to close at $5.90, National Commercial Bank declined $2.70 in closing at $62.20, after swapping 22,435 shares. 138 Student Living traded 10,765 units at $4.50, Pan Jamaican gained $3 to close at $34 with 12,850 shares traded, Portland JSX closed at $10 after trading 500 units, Pulse Investments closed at $7.09 with 10,000 units changing hands. Radio Jamaica gained 20 cents, closing at $1.50 with 154,800 shares changing hands, Sagicor Group traded 20,442 units at $31, Sagicor Real Estate fund gained 3 cents and closed at $10.23 with an exchange of 907 units, Salada rose $1.25 in trading 20,000 shares at $9.25. Scotia Group ended trading with gains of $1.01 to close at $46, having traded 88,515 shares, Scotia Investments gained 43 cents, after trading 7,135 units and closed at a 52 weeks’ high of $35.50, Sterling added 5 cents to close at $15.65 with trades of 500 units. Supreme Ventures closed at $5.70, for a gain of 15 cents with 66,814 shares traded, JMMB 7.25 closed at $1.50, with 430 units exchanged and JMMB Group 7.5% preference share traded 2,650 units at $1.10.
The company enjoyed increased sales of 11.6 percent, hitting $206 million and resulting in gross profit growing by 11.3 percent compared with the corresponding period last year. As gross profit margin fell slightly to 45.4 percent compared with 45.54 in 2013 and administrative and distribution costs rose by 17.4 percent, profit also declined, falling 17 percent for the quarter to $16.5 million or 17 cents per share. “This reduction was mainly due to increased distribution cost resulting from the takeover of a large contract distributor to maintain our customer service and the lease of vehicles due to accidents of two of our main distribution vehicles. Improvements in this area will be seen in the next quarter. Further, one time cost was incurred during this period as the building on the property acquired was demolished,” management reported, in a statement accompanying the financials.
