The Jamaica Stock market made moderate losses in the Monday morning session, at 11:15 am. In the process the All Jamaica Index trades at 111,329.50 having fallen 
by 286.48 points, JSE Market Index declined 256.31 points to 100,552.36. The combined index fell 217.09 points to be at 104,146.72 and the junior market index trades at 1,031.09, having gained 2.71 points.
Carreras dropped $1.50 to $50 with 84,690 shares, Gleaner Company traded 61,465 shares and fell 41 cents to $2.30. JMMB Group traded up to $7.99 with the company reporting strong increase in profit for the first quarter and Scotia Investments traded 9,157 units with decline of 69 cents to $27.30.
A total of 23 securities with a volume of only 865,541 units have traded with 10 stocks declining versus 5 that that rose. Trading saw 6 securities in the junior market changing hands with General Accident falling 14 cents in response to poor second quarter results.
JSE drops Monday Morning
Scotia Group fall hits JSE indices
Scotia lost $2 on Friday
At the close, the JSE Market Index dropped 1,377.83 points to 100,808.67, the JSE All Jamaican Composite index shed 1,540.03 points to close at 111,615.98 and the JSE combined index dipped 1,378.55 points to end at 104,363.81.
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 6 stocks with bids higher than their last selling prices and 4 with offers that were lower.In trading, Cable and Wireless ended with 636,069 units changing hands to close 5 cents higher at 45 cents, Caribbean Cement stock rose 35 cents to close at $7.50 with 353,986 units traded, Gleaner closed with 127,400 shares traded to close at $2.71 for a loss of 1 cent, Jamaica Broilers traded at $7 with 18,345 shares changing ownership. Jamaica Stock Exchange traded 14,875 shares at a new all-time high of $8.30 to gain $1.29, JMMB Group
traded 6,545 units with the price rising 30 cents to end at $7.80, National Commercial Bank traded only 7,843 shares at $30.10. Pan Jamaican Investment closed at $61 after trading 5,484 shares, 9 cents higher, Proven Investments closed at 18.55 US cents after declining 0.45 US cents with 40,884 shares changing hand. Pulse Investments lost 15 cents in trading 62,750 shares to end at 45 cents, Radio Jamaica traded just 20,296 shares to end at $3.95, for a 5 cents fall, Sagicor Group ended trading with 46,300 units at $13 to fall by 10 cents. Sagicor Real Estate Fund closed at $8.30 while trading 15,274 units, Scotia Group lost $2 and ended with 89,612 units trading at $24 and Jamaica Money Market 7.5% preference ended at $2 with 54,500 units changing hands.
12 stocks up 15 down as JSE indices jump
JSE main market pierced resistance at 108,000 points & is heading to the next resistance level at 115,000 points.
At the close, the JSE Market Index gained 676.72 points to 102,186.50, the JSE All Jamaican Composite index rose 756.39 points to close at 113,156.01 and the JSE combined index climbed 660.25 points to end at 105,742.36.
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 10 with offers that were lower.
In trading, Cable and Wireless ended with 990,000 units changing hands at 40 cents, Caribbean Cement stock fell $1.35 to close at $7.15 but traded as high as $8.60 with 669,805 units traded, Carreras traded 3,200 units to close 50 cents off at $51.50, Desnoes & Geddes had 43,637 shares changing hands at $6.80, up 29 cents. Gleaner closed with 377,400 shares traded at new closing 52 weeks’ high of $2.72 for a gain of 21 cents. Grace Kennedy traded 138,893 shares to end at $64.01, Jamaica Producers gained 20 cents to end at $19 with 3,160 units trading. JP yesterday reported earnings for the second quarter attributable to shareholders of $414 million but the bulk of that it, $319 million came from gain on sale of fixed assets and investments. The year-to-date to June net profit attributable to JP shareholders was $589 million compared to $138 million in 2014 of which $429 million came from gains on disposal of fixed assets and investments. JMMB Group traded 
30,000 units and fell 10 cents to end at $7.50, Mayberry Investments had 149,575 shares trading at $3.15, National Commercial Bank traded 109,682 shares at $30.10 with a decline of 90 cents. Radio Jamaica traded just 59,325 shares to end at $4, for a 30 cents decline, Proven Investments closed at 19 US cents after gaining 1.50 US cents with 255,000 shares changing hands, Sagicor Group ended trading with 30,528 units at $13.10 to add 5 cents. Sagicor Real Estate Fund closed at $8.30 while trading 27,548 units, Scotia Group lost 45 cents and ended with 61,898 units trading at $26, and Supreme Ventures traded 27,997 shares at $4 after shedding 50 cents and Proven Investments 8% preference ended at a new 52 weeks’ low of $4.96 with 418,000 units changing hands after losing 2 cents.
20 stocks rose to 6 falling on JSE
RJR closed at a new 52 weeks high of $4.30.
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 5 stocks with bids higher than their last selling prices and 5 with offers that were lower.
In trading, Cable and Wireless ended with 1,182,806 units changing hands at 40 cents, Caribbean Cement stock gained 51 cents to close at $8.50, Carreras traded 6,834 units to close at $52, Desnoes & Geddes had 43,637 shares changing hands at $6.80, up 29 cents. Gleaner closed with 250,132 shares traded at new closing 52 weeks’ high of $2.51 for a gain of 36 cents. The stock had traded as high as $2.70 during trading. Grace Kennedy traded 72,578 shares to end at $64, Jamaica Broilers had 11,419 shares changing hands, in closing at $7 for a gain of 30 cents. Jamaica Producers (JP)dropped $1.20 to $18.80 with 986,248 units trading. JP reported earnings for the second quarter attributable to shareholders of $414 million but the bulk of that it, $319 million came from gain on sale of fixed assets and investments. The year-to-date to June net profit attributable to JP shareholders was $589 million compared to $138 million in 2014 of which $429 million came from gains on disposal of fixed assets and investments. JMMB Group traded 10,600 units and fell 39 cents to end at $7.60, 
Mayberry Investments had 219,866 shares trading at $3.15 for a loss of 35 cents, National Commercial Bank traded 44,926 shares at $31 with a gain of 50 cents. Radio Jamaica traded just 8,132 shares to end at $4.30, a new 52 weeks’ high, Sagicor Group ended trading with 17,790 units at $13.05, and lost 15 cents. Proven Investments closed at 17.5 US cents after falling 0.50 US cents with 200,000 shares, Sagicor Real Estate Fund closed at $8.30 while trading 295,742 units, Scotia Group gained 44 cents and ended with 109,216 units trading at $26.45, Scotia Investments ended with 15,000 shares changing hands at $27.99, up 99 cents and Supreme Ventures traded 1,974,455 shares at $4.50, a new all-time high by adding 92 cents.
Bulls & bears jostling for control on JSE
The Jamaica stock market closed with 7 stocks rising, 10 declining as 27 securities changed hands with 2,264,841 units trading, valued at $15,471,105 and 6 stocks closed at new 52 weeks’ high in all market segments.
At the close, the JSE Market Index gained 638.23 points to 101,233.39, the JSE All Jamaican Composite index rose 713.37 points to close at 112,090.69 and the JSE combined index climbed 601.76 points to end at 104,875.03.
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 8 stocks with bids higher than their last selling prices and 6 with offers that were lower.
In trading, Cable and Wireless ended with 286,500 units changing hands to end at 39 cents, Caribbean Cement stock gained 74 cents to close at $7.99, Carreras traded 11,949 units to close at $52 after trading at a 52 weeks, intraday high of $52.50, Desnoes & Geddes had 21,400 shares changing hands at $6.51, down 4 cents. Gleaner traded at $2.15, and gained 26 cents after 386,946 shares changed hands. At the close, Gleaner closed with the bids above the last traded price at $2.20 to buy 1,000 shares. Grace Kennedy traded 8,000 shares to end at $63, Jamaica Broilers had 61,000 shares changing hands, in closing at $6.70 for a fall 
of 30 cents. National Commercial Bank traded just 89,384 shares at $30.50 with a gain of 49 cents, at the close the stock was offered at $30.50 to sell 51,623 shares and then after that the bid is at $32.50 to sell 245 units, the only other offers posted are, at $33 to sell 503 units and at $60 to sell 2,000 shares. Radio Jamaica traded just 25,185 shares to end at $4, Sagicor Group ended trading with 195,878 units at $13.20, and lost 30 cents. Sagicor Real Estate Fund closed at $8.30 while trading 155,507 units, Scotia Group ended with 138,986 units trading at $26.01, Scotia Investments ended with 44,735 shares changing hands at $27 and Jamaica Money Market Brokers 7.50% preference traded 46,000 units at $2.
Scotia pushes Indices again
On Friday Scotia Group gave a big boost to the main market index and on Monday took a big bite of the Friday’s gain but in early trading the stock that carries much weigh in the indices has push them up. In the process the All Jamaica Index trades at 111,929.08 to gain 551.76 points, JSE Market Index gain 493.64 points to 101,088.80. The combined index gained 486.02 to be at 104,759.29 and the junior market index 1,042.86 rising 2.28 points.
In main market trading, Gleaner traded at a new 52 weeks’ high of $2.09 with 25,000 shares to gain 20 cents, and an offer at $3.50, Sagicor Real Estate X Fund traded 86,402 units at $8.45, Scotia Group had 63,778 units changing hands at $26, Jamaica Money Market Brokers 7.50% preference share traded 46,000 units at $2. The junior market had 8 securities trading with Caribbean Cream trading 332,244 shares at $1.90 and Lasco Manufacturing trading 193,967 units at $2.
A total of 20 securities with a volume of 982,126 units have traded after 75 minutes of the market’s opening. 3 stocks have declined at versus 6 that rose.
Gleaner’s media assets valued at $1.16
The Gleaner’s media assets to be transferred to RJR in the recently announced merger, is now valued at $1.16 per shares based on RJR’s closing stock price on Monday of $4. The Gleaner’s stock traded at $1.89 on Monday.
The proposed merger of the media arm of the Gleaner Company with Radio Jamaica (RJR) will see the Gleaner’s shareholders being compensated for the media business that RJR is acquiring at the rate of 1 RJR share for each Gleaner share. The initial information led to the interpretation that the Gleaner shareholders would be getting 1.2 billion of the RJR shares while the RJR shareholders would remain with just over 350 million shares. According to information on the Gleaner’s website, RJR will increase the issued shares to 2.4 billion units that will then be shared equally between the shareholders of both companies. RJR will do a combination of a share split and issues of new shares of which 1.2 billion of the shares will be given to Gleaner shareholders as the payment for the Gleaner Company (Media) Limited subsidiary.
RJR currently has 350.154 million shares issued to get the numbers to 1.2 billion for the company’s shareholders would translate to a split of roughly 3.43 to each existing share.
In addition to the value of the media assets, the Gleaner shareholders will retain shares in the new company that will retain the non-media assets. IC Insider.com pieced together information that suggests that these assets which include the current headquarters of the Gleaner, could be valued around $2 billion or roughly $1.70 per share.
Bulls rampant with 6 new highs on Monday
Supply is virtually dried up for NCB
At the close, the JSE Market Index slipped 397.37 points to 100,596.16, the JSE All Jamaican Composite index fell 444.16 points to close at 111,377.32 and the JSE combined index declined 363.68 points to end at 104,273.27.
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 8 stocks with bids higher than their last selling prices and 7 with offers that were lower.
In trading, Cable and Wireless ended with 734,138 units changing hands and lost 1 cent to
end at 39 cents, Carreras traded 9,440 units to close at $52, Desnoes & Geddes had 64,610 shares changing hands at $6.55, down 15 cents. Gleaner traded at $1.89, and gained 37 cents after just 100 shares changed hands, in continued response to the merger of the company’s media operations, with that of Radio Jamaica. At the close, Gleaner closed with the bids above the last traded price at $2.09 with 6,238 shares for a new 52 weeks high. Grace Kennedy lost $1 in trading 10,933 shares to end at $63,
had 29,700 shares changing hands, in closing at $7 for a rise of 63 cents. Jamaica Producers traded 24,294 shares to end at $20 by gaining $1.15, The Jamaica Stock Exchange stock traded 104,900 units at $6.60, for a loss of 20 cents, Kingston Wharves ended with 699,999 shares changing hands at $7.05, to gain 5 cents. Mayberry Investments had 116,000 shares trading at $3.50 to gain 40 cents, for a new 52 weeks’ high, National Commercial Bank traded 66,421 shares at $30.01 after it traded earlier in the day at $30.50. At the close theJamaica Broilers
stock was offered at $32.50 to sell 245 units, the only other offers posted are, at $33 to sell 503 units and at $60 to sell 2,000 shares, the bid was at $30.01 to buy 51,091 units. Radio Jamaica traded just 106,922 shares to end at a 52 weeks’ high of $4 as the price gained 10 cents, Sagicor Group ended trading with 97,240 units at $13.50, to gain 54 cents. Sagicor Real Estate Fund lost 20 cents and closed at $8.30 while trading 48,229 units, Scotia Group ended with 768,044 units trading at $26 but traded as low as $23.66 during the day and Jamaica Money Market Brokers 7.50% preference traded 882,500 units at $2 after shedding 1 cent.
Scotia gives & takes away 1,000 points
On Friday Scotia Group gave a big boost to the main market index with good volume, this morning the banking group stock fell traded at $24 and swiped a big hole in the index after the market was up 354 points on the all Jamaica composite Index and 317 points on the JSE Market Index.
In the process the All Jamaica Index trades at 110,642.78 down 1,178.70 points JSE Market Index fell 1,054.54 points to 99,937.99. The combined index lost 998.45 to be at 103,638.50 and the junior market index was at 1,038.91 dropping 0.47 points.
In main market trading Grace Kennedy dropped $1 to $63, Gleaner is yet to trade but has a bid of $1.88 and an offer at $3.50 RJR on the on the other hand traded at $4. Jamaica Producers traded up to $20 by gaining $1.15, National Commercial Bank traded 37,512 shares at $30.50 and had an offer at $32.50 to sell 245 units, but the only other offers posted are at $33 to sell 503 units and at $60 for 2,000 shares.
8 stocks have declined at 10.45 am versus only 9 that rose out of just 21 that have traded carrying a volume of 1,432,928 units.
Big jump at JSE on Friday
Scotia Group pushes market sharply up on Friday
At the close, the JSE Market Index jumped 1,849.21 points to 100,992.53, the JSE All Jamaican Composite index climbed 2,066.95 points to close at 111,821.48 and the JSE combined index rose 1,994.84 points to end at 104,636.95.
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 7 stocks with bids higher than their last selling prices and 6 with offers that were lower.In trading, Cable and Wireless ended with only 5,877 units changing hands and lost 4 cents to end at 40 cents, Caribbean Cement traded 47,000 shares to close at $7.10 after gaining 10 cents, Gleaner traded at $1.52, up 22 cents after 28,300 shares changed hands, in response the merger of the company’s media operations with that of Radio Jamaica. At the close, Gleaner closed with ten bids above the last traded price with the highest at $1.72, during the day the bid was as high as $2.22. Grace Kennedy traded 13,372 shares at $64, Hardware & Lumber lost $2.25 to close at $12.75 with just 2,006 shares changing hands, Jamaica Broilers had 11,888 shares changing hands, in closing at $6.37, to record a loss of 63 cents.
The Jamaica Stock Exchange stock traded 67,824 units at $6.80, for a loss of 20 cents, Mayberry Investments had 292,002 shares trading at $3.10 to gain 10 cents. National Commercial Bank had 35,410 shares trading to close with a 49 cents loss at $30, Radio Jamaica traded just 1,200 to end at a 52 weeks’ high of $3.90 as the price gained 45 cents. Sagicor Group ended trading with 1,017,852 units at $12.96, down 4 cents, Sagicor Real Estate Fund closed at $8.50 while trading 34,000 units, Scotia Group ended with 794,735 units trading as high as $26 but ended at $24, Scotia Investments traded 10,000 shares at $27.08 for an 8 cents rise and Jamaica Money Market Brokers 7.50% preference traded 166,500 units at $2.01..