Main market pulls back on Wednesday

November 1, 2017 by

The JSE All Jamaican Composite Index declined by 2,335.17 points to close at 319,134.35 on Wednesday as the JSE Index declined by 2,127.60 points to close at 290,767.49 and the JSE US dollar Index rose 0.43 points to 185.70.
Trading on the Main Market of the Jamaica Stock Exchange closed with 22 securities changing hands, 10 advanced, 6 declined and 4 traded firm with 1 rising in the US dollar market. A total of 2,932,638 units valued at $60,248,652 traded compared to 7,565,517 units valued at $85,572,923 on Tuesday.
Trading ended with an average of 133,302 units for an average of $2,738,575 in contrast to 328,936 units for an average of $3,720,562 on Tuesday. In contrast, October closed with average of 1,185,251 units valued at $16,528,582 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the main and US dollar market shows 7 stocks ended with bids higher than their last selling prices and 2 with lower offers.
In the main activity, Berger Paints concluded trading with a loss of 2 cents at $16, with 6,952 shares, Cable & Wireless ended 3 cents higher at $1.10, with 518,300 units, Caribbean Cement ended trading with a loss of $4.59 to $31.51, with 22,377 units, Carreras concluded trading 10 cents higher at $11.50, with 108,200 stock units, Grace Kennedy ended trading $2 higher at $42, with 110,784 units, Jamaica Broilers traded at $18.60, with 32,449 shares, Jamaica Producers finished with a loss of 10 cents at $15.90, with 560 stock units, Jamaica Stock Exchange finished with a loss of 14 cents at $6.76, with 18,180 stock units, JMMB Group traded $1.95 higher to close at a 52 weeks’ high of $29.70, with 11,000 units, Mayberry Investments concluded trading at $4.30, with 4,000 shares, NCB Financial Group lost 99 cents and ended at $106.01, with 317,087 shares, 138 Student Living ended trading 10 cents higher at $5.50, with 1,400,000 stock units, PanJam Investment settled 40 cents higher at $42, with 173,919 stock units, Pulse Investments settled with a loss of 1 cent at $1.96, with 6,500 shares, Radio Jamaica settled at $1.15, with 21,330 units, Sagicor Group concluded trading 5 cents higher at $38.05, with 57,923 units, Sagicor Real Estate Fund ended trading 6 cents higher at $14.20, with 6,544 shares, Scotia Group closed 1 cent higher at $50.51, with 4,000 units and Supreme Ventures finished at $11.80, with 42,564 shares. In the main market preference segment, Jamaica Money Market Brokers traded at $1.85, with 67,869 units, JMMB Group ended at $1.15, with 2,000 stock units and in the US dollar market Productivity Business Solutions traded 598 units and rose 0.50 cent to 58 US cents.

Prices of securities trading for the day are those at which the last trade took place.

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

Record close for 3 Jamaican stocks

November 1, 2017 by

Grace Kennedy traded at a new high on the TTSE.

Grace Kennedy, JMMB Group and NCB Financial ended trading at record closing highs of $2.95, $2.10 and $6.20 respectively on Wednesday on the Trinidad & Tobago Stock Exchange, while Trinidad & Tobago NGL accounted for 80 percent of the value of securities exchanged.
Market activities ended with 12 securities changing hands compared to 16 on Tuesday and closed with 6 stocks advancing, 6 holding firm and no losses as 382,785 shares traded at a value of $4,215,303 compared to Tuesday’s trades of 290,111 valued at $3,885,729.
The Composite Index rose 12.04 points to 1,286.33, the All T&T Index advanced 2.40 points to 1,761.73 and the Cross Listed Index added 2.97 points to 109.28.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| The securities recording gains at the end of trading are First Caribbean International Bank that gained 50 cents to close at $9, in exchanging 1,225 shares, Grace Kennedy gained 5 cents to close at a 52 weeks’ high of $2.95, with 3,300 units, Guardian Holdings advanced 50 cents to $15.50, with 2,143 shares. JMMB Group climbed to a 52 weeks’ high of $2.10, after rising 5 cents and the trading of 224,110 shares valued at $471,767, NCB Financial Group added 5 cents, closing at a 52 weeks’ high of $6.20 with 1,000 units changing hands and Republic Financial Holdings gained 3 cents and closed at $101.79, with 31 units.
Firm Trades| Securities that closed with unchanged prices are First Citizens closing at $31.80 with 1,894 shares, Massy Holdings trading 5,000 shares at $50 and National Enterprises exchanging 30 units at $10. Prestige Holdings trading 26 stock units at $10.75, Sagicor Financial that remained at $7.95 with trades of 1,070 shares and Trinidad & Tobago NGL closed at $23.50 trading 142,956 units valued at $3,360,895.

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Junior Market climbs 55 points

October 31, 2017 by

Lasco Distribuor is cliimbing in anticipation of the court judgement due on Friday on the amount apayable by Pfizer

The Junior Market jumped 55.18 points on Tuesday to close higher for the 12th consecutive day leading the market index to close at 3,224.44 with a gain of 24.3 percent for the year to date.
Trading on the Junior Market of the Jamaica Stock Exchange ended trading on Tuesday with 17 securities changing hands, down from 19 on Monday, resulting in an exchange of 1,359,763 units valued at $7,878,297 compared to 974,360 units valued at $6,318,914 on Monday. At the close of market activities, the prices of 6 securities advanced, 4 declined and 7 remained unchanged.
Trading ended with an average of 79,986 units for an average of $463,429 in contrast to 51,282 units for an average of $332,574 on Monday. The average volume and value for the month to date amounts to 74,690 units valued at $362,548 and 74,450 units valued at $357,987 previously. In contrast, September closed with average of 116,176 units valued at $538,652 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 1 stock with the bid higher than their last selling price and 5 with lower offers.
At the close of the market, CAC 2000 concluded trading at $6.95, with 1,377 shares, Caribbean Producers concluded trading 9 cents higher at $3.79, with 11,295 stock units, Derrimon Trading ended trading at $7, with 2,755 units, Express Catering fell 1 cent to $4.93, with 5,000 shares trading, General Accident settled with a loss of 9 cents at $3.11, with 23,000 shares. Honey Bun ended trading 900 stock units at $4.90, Jamaican Teas traded 4,000 shares at $4.10, Jetcon Corporation closed 12 cents higher at $4.80, with 43,613 units, Knutsford Express ended at $14.80, with 6,670 stock units changing hands. Caribbean Cream settled at $5.80, with 143,951 shares, Lasco Distributors traded 40 cents higher at $7.60, with 402,523 units, Lasco Financial traded 10 cents higher at $4.50, with 184,129 shares, Lasco Manufacturing concluded trading 25 cents higher at $4.45, with 404,812 stock units. Main Event traded 58 cents higher at $5.60, with 92,886 units, Paramount Trading traded 3,452 shares at $3, Stationery and Office closed with a loss of 6 cents at $5.30, with 14,649 shares and tTech settled with a loss of 45 cents at $7.05, with 14,751 units.
Prices of securities trading for the day are those at which the last trade took place.

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

13 stocks fall to push JSE indices down

October 31, 2017 by

Trading on the Main and US dollar markets of the Jamaica Stock Exchange finished on Tuesday with 26 securities changing hands, 7 advanced, 13 declined and 6 traded firm as the main market indices dropped.
The market suffered declines of a dollar or more in Grace Kennedy, NCB Financial, PanJam Investment, Sagicor Group, Scotia Group and Seprod.
The JSE All Jamaican Composite Index declined by 2,137.38 points to close at 321,469.52 and is up 54 percent for 2017 to date. The JSE Index declined by 1,947.39 points to close at 292,895.09 and is up 53 percent for the year to date and the US dollar index rose 2.14 points to 185.27, up 12.6 percent for the year so far.
Trading ended with 7,565,517 units valued at $85,572,923 compared to 1,993,979 units valued at $25,589,860 on Monday in the main market. Three securities traded in the US dollar market accounting for 437,702 units for $115,825. The trades brought the total value of trading in both markets to $100,282,636.
The average of 328,936 units changed hands for an average of $3,720,562, in contrast to 99,699 units for an average of $1,279,493 on Monday. The average volume and value for the month to date amounts to 1,185,251 units valued at $16,528,582 and 1,228,254 units valued at $17,171,780, previously. In contrast, September closed with average of $283,480 units at $3,630,990 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the main and US dollar markets shows 11 stocks ended with bids higher than their last selling prices and 3 with lower offers.

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

JSE suffers temporary relapse

October 31, 2017 by

Trading on the Main and US dollar markets of the Jamaica Stock Exchange ended on Tuesday with 26 securities changing hands, 7 advanced, 13 declined and 6 traded firm as the main market indices dropped.
The JSE All Jamaican Composite Index declined by 2,137.38 points to close at 321,469.52 and The JSE Index declined by 1,947.39 points to close at 292,895.09 with 7,565,517 units valued at $85,572,923 trading.
In the main activity, Berger Paints finished trading $2 higher at $18, with 26,175 stock units, but closed with an offer at $16.90. Cable & Wireless rose 4 cents to $1.07, with 115,615 shares, Caribbean Cement finished trading with a loss of 85 cents to $36.10, with 12,250 units, Carreras finished with a loss of 10 cents at $11.40, with 649,192 shares, Grace Kennedy traded $3 lower at $40, with 144,598 stock units, Jamaica Broilers concluded trading 10 cents higher at $18.60, with 188,364 shares. Jamaica Producers concluded trading at $16, with 6,919 stock units, Jamaica Stock Exchange closed 45 cents higher at $6.90, with 1,800 units, JMMB Group closed with a loss of 35 cents at $27.75, with 908,504 stock units, Kingston Wharves traded with a loss of 35 cents at $32.65, with 59,517 shares, Mayberry Investments settled at $4.30, with 16,385 units. NCB Financial Group lost $1 to end at $107, with 159,165 shares trading, 1834 Investments concluded trading with a loss of 2 cents at $1.35, with 21,592 units, PanJam Investment fell $2.40 to end at $41.60, with 110,977 shares changing hands, Pulse Investments concluded trading 7 cents higher at $1.97, with 22,705 stock units trading, Radio Jamaica closed at $1.15, with 1,732,474 units. Sagicor Group traded with a loss of $1 at $38, with 46,295 shares, Sagicor Real Estate Fund finished with a loss of 26 cents at $14.14, with 20,818 units, Scotia Group finished with a loss of $1.50 at $50.50, with 112,944 stock units, Seprod ended with a loss of $2 at $28, with 3,800 shares and Supreme Ventures finished with a loss of 20 cents at $11.80, as 237,350 units traded. In the main market preference segment, Jamaica Money Market Brokers 7.5% concluded trading at $1.85, with 2,769,878 shares, JMMB Group 7.5% concluded trading 4 cents higher at $1.15, with 198,200 units. In the US dollar market Proven Investments rose 0.49 US cents in trading 415,521 ordinary shares at 23.99 US cents and Productivity Business traded 15,881 US dollar denominated ordinary shares at 57.5 US cents and JMMB Group 6% US dollar preference share traded 6,300 units at $1.12.
Prices of securities trading for the day are those at which the last trade took place.

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

JMMB at J$39 NCB at J$117 on TTSE

October 31, 2017 by

NCB trades at TT$6.15 or J$117 on the TTSE on Tuesday.

JMMB Group and NCB Financial Group surpassed previous highs to close at $2.05 or J$39 compared to a close of $28 in Kingston and $6.15 or the equivalent for $117 on the Jamaica Stock exchange respectively in Tuesday’s trading on the Trinidad & Tobago Stock Exchange.
Market activity resulted in 16 securities changing hands compared to 9 on Monday as 4 stocks advanced, 3 declined and 9 held firm as 290,111 shares traded at a value of $3,885,729 compared to Monday’s trades of 401,886 valued at $3,227,519.
The Composite Index climbed 12.56 points to 1,274.29, up a mere 5.35 percent for 2017, the All T&T Index fell 0.65 points to 1,759.33 and is down slightly by 4 percent for the year and the Cross Listed Index trended higher by 3.53 points to 106.31, up 36 percent for the year to date.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| Trading ended as First Caribbean International Bank closed at $8.50, after rising 25 cents with 5,000 shares changing hands, JMMB Group advanced 20 cents to close at a new 52 weeks’ high of $2.05, while trading 41,736 stock units, NCB Financial Group rose 15 cents to a 52 weeks’ high of $6.15 exchanging 25,000 units and Trinidad & Tobago NGL added 1 cent to close at $23.50 with 19,487 shares valued at $457,831 changing hands.
Losses| At the close of market activities, Ansa McAL ended at $63, with a loss of 1 cent trading 37,552 shares valued at $2,365,776, Guardian Holdings slid 10 cents to close at $15 with 10,537 stock units and National Flour Mills closed at a 52 weeks’ low of $1.98, losing 2 cents with 6,700 shares traded.

JMMB traded at the equivalent of J$39 on the TTSE v $28 in Kingston.

Firm Trades| At the end of trading Clico Investment closed at $21.46 exchanging 5 units, First Citizens remained at $31.80 with 2,322 shares and Grace Kennedy exchanged 117,461 shares at $2.90, valued at $340,637. Massy Holdings traded just 9 stock units at $50. National Enterprises ended at $10 with 785 units, One Caribbean Media closed at $14 with 800 shares trading. Point Lisas settled at $4 with 3,442 stock units changing hands, Sagicor Financial held firm at $7.95 exchanging 19,115 shares and Scotiabank closed at $58.10 with 160 units trading.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , , ,

JSE record sharp gains

October 30, 2017 by

Sharp gains in the prices of NCB Financial, PanJam Investments and Scotia Group ensured the continuation of the bull run in the main market of the Jamaica Stock Exchange on Monday.
At the close 20 securities traded in the main market, 10 advanced, 4 declined and 6 traded firm with 1,993,979 units valued at $25,589,860. The JSE All Jamaican Composite Index climbed 2,606.73 points to close at a record 323,606.90 and the JSE Index jumped 2,375.03 points for a record close of 294,842.48.
In the market activity, Barita Investments lost 1 cent to end at $8.99, with 1,000 units trading, Berger Paints fell $1 to end at $16, with 55,939 stock units trading, Cable & Wireless ended trading with a loss of 3 cents at $1.03, after trading 372,654 units, Caribbean Cement traded 85 cents higher at $36.95, with 27,939 shares, Carreras concluded trading at $11.50, with 323,179 stock units. Grace Kennedy traded 17 cents higher at $43, with 3,100 shares, Jamaica Broilers closed 44 cents higher at $18.50, with 84,500 stock units, Jamaica Producers ended trading at $16, with 12,221 units, JMMB Group closed 10 cents higher at a new closing high of $28.10, with 177,182 shares, after it traded at a new intraday high of $29.99 in early trading activities. Kingston Wharves settled at $33, with 2,980 stock units, a $3 jump in the price of NCB Financial pushed it to a record close of $108 while trading 25,163 shares, PanJam Investment climbed $1.99 to $44, with 2,000 shares, Radio Jamaica ended trading 526,148 stock units at $1.15, Sagicor Group closed at $39, with 30,015 stock units, Sagicor Real Estate Fund ended trading with a loss of 10 cents at $14.40, with 8,498 shares, Scotia Group traded $2 higher at $52, with 107,093 shares, Seprod finished trading at $30, with 3,884 shares and Supreme Ventures settled at $12, with 161,330 shares. In the main market preference segment, Jamaica Money Market Brokers finished trading with a loss of 5 cents at $1.85, with 14,454 shares, JMMB Group settled 1 cent higher at $1.11, with 54,700 stock units changing hands and 8,700 units of JMMB 6% US dollar preference shares traded with a gain of 2 cents at US$1.12.
Prices of securities trading for the day are those at which the last trade took place.

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

Week starts for JSE with new record

October 30, 2017 by

It was another day of records on the Main Market of the Jamaica Stock Exchange on Monday. The JSE All Jamaican Composite Index advanced by 2,606.73 points to close at a record 323,606.90 and the JSE Index advanced by 2,375.03 points for a fresh record close of 294,842.48.
The movement in the market was helped by a $3 jump in NCB Financial to a closing record high of $108, $1.99 in the price of PanJam Investment and $2 in Scotia Group. JMMB Group traded at a new high of $29.99 during trading and ended at a new closing high of $28.10.
A total of 20 securities ended up changing hands in the main market, 10 advanced, 4 declined and 6 traded firm with 1,993,979 units valued at $25,589,860 compared to 2,104,737 units valued at $70,790,407 on Friday.
In the US dollar market trading accounted for the JSE US dollar Equities Index closed at unchanged at 183.13 with just 1 security trading and rising with 8,700 units with a value of US$9,700.
Trading ended with an average of 99,699 units for an average of $1,279,493 in contrast to 84,189 units for an average of $2,831,616 on Friday. The average volume and value for the month to date amounts to 1,228,254 units valued at $17,171,780 and 1,279,786 units with an average value of $17,897,455 previously. In contrast, September closed with average of $283,480 units at $3,630,990 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks with bids higher than their last selling prices and 4 with a lower offer.

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

Junior Market climbs 11 days in a row

October 30, 2017 by

Bulls at large in down town Kingston

The Junior Market on Monday closed for the 11th consecutive day with unbroken gains leading the market index climbing 25.55 points to close at 3,169.26.
Trading on the Junior Market of the Jamaica Stock Exchange closed on Monday with 19 securities changing hands, resulting in an exchange of 974,360 units valued at $6,318,914 compared to 554,767 units valued at $2,609,944 on Friday. At the close of market activities, the prices of 5 securities advanced, 9 declined and 5 remained unchanged.
Trading ended with an average of 51,282 units for an average of $332,574 in contrast to 26,417 units for an average of $124,283 on Friday. The average volume and value for the month to date amounts to 74,450 units valued at $357,987 and previously, 75,683 units valued at $359,339. In contrast, September closed with average of 116,176 units valued at $538,652 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks with bids higher than their last selling prices and 3 with lower offers.
At the close of the market, AMG Packaging finished at $3.50, with 14,360 units trading, Blue Power dropped $4 to $45, with 1,780 shares, CAC 2000 lost 5 cents to end at $6.95, with 1,520 units, Cargo Handlers ended trading at $11.09, with 2,824 units changing hands, Caribbean Producers closed with a loss of 1 cent at $3.70, with 900 stock units. Express Catering ended trading 28,000 shares with a gain of 29 cents at $4.94, Prices of securities trading for the day are those at which the last trade took place.
Daily Trading,Honey Bun concluded trading at $4.90, with 1,000 stock units, Iron Rock closed 1 cent higher at $3.21, while exchanging 5,698 units, Jamaican Teas ended trading at $4.10, with 54,000 shares, Jetcon Corporation traded with a loss of 12 cents at $4.68, as 39,000 stock units were exchanged. Knutsford Express closed with a loss of 19 cents at $14.80, with 5,585 units, Lasco Distributors closed at $7.20, with 629,096 units changing hands, Lasco Financial finished trading 4 cents higher at $4.40, with 29,060 units, Lasco Manufacturing finished trading with a loss of 30 cents at $4.20, with 56,941 units. Main Event ended with a loss of 28 cents at $5.02, with 35,000 shares, Paramount Trading traded 10 cents higher at $3, with 31,990 stock units, Stationery and Office concluded trading with a loss of 11 cents at $5.36, with 18,344 shares, tTech settled with a loss of 10 cents at $7.50, with 10,536 stock units and in the junior market preference segment, Derrimon Trading settled 5 cents higher at $2, with 8,726 units.

Prices of securities trading for the day are those at which the last trade took place.

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

Modest stock trading in Port of Spain

October 30, 2017 by

West Indian Tobacco dropped $1.96 on Monday.

Trading on the Trinidad & Tobago Stock Exchange remained subdued on Monday with only 9 securities changing hands compared to 8 on Friday and closed with a sharp fall in the price of West Indian Tobacco.
At the close, 4 stocks advanced, 2 declined and 3 were unchanged as 401,886 shares traded at a value of $3,227,519 compared to Friday’s trades of 184,060 valued at $2,231,341.
The Composite Index fell 0.49 points to 1,261.73, the All T&T Index declined by 1.17 points to 1,759.98 and the Cross Listed Index inched higher by 0.03 points to close at 102.78.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 4 with lower offers.
Gains| At the end of market activity, Clico Investment climbed 46 cents to $21.46, in exchanging 8,380 shares, Grace Kennedy gained 1 cent to close at a 52 weeks’ high of $2.90 with 26,184 shares changing hands, Massy Holdings traded $1 higher to $50 with 1,011 units and Trinidad & Tobago NGL ended with gains of 9 cents, at $23.49 with 4,311 shares traded.
Losses| At the close of trading Sagicor Financial ended at $7.95, with a loss of 5 cents after 2,500 shares changed hands and West Indian Tobacco dropped $1.96 and closed at a 52 weeks’ low of $123, having traded 406 units.
Firm Trades| At the close of trading,Ansa McAL closed at $63.01, with 17,870 shares valued at $1,125,989, First Citizens remained at $31.80 with 9,427 shares and Trinidad Cement closed at $4 with 331,797 shares valued at $1,327,188.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , ,