JSE main market slips

JSEDailyTrading280X150 The Jamaica Stock Exchange, ended with 13 stocks advancing, 10 declining as 30 securities changed hands, ending in 3,850,561 units trading, valued at $23,389,820. Trading closed with 7 stocks ending at new 52 weeks’ highs and 1 ending a new low, in all market segments.
The JSE Market Index lost 556.70 points to 97,333.36, the JSE All Jamaican Composite index fell 622.25 points to close at and the 107,731.47 JSE combined index dropped 542.27 points to end at 100,220.42.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows only 3 stocks with bids higher than their last selling prices and 6 with offers that were lower, an indication of the markets softening in the short term. JSE sum 11-6-15The junior market that recorded 3 gains to 2 declines showed weakness at the end with 3 stocks closing with lower offers than the last sale and only 1 with the bid that was higher.
Stocks trading include, Barita Investments trading 24,000 shares at $2.65 for an increase of 14 cents, Cable & Wireless with 290,187 shares changing hands closing at 44 cents, Gleaner trading 500,000 shares gained 7 cents to close at $1.07, Hardware & Lumber closed with 5,950 shares trading to end at $19. Investors pushed Jamaica Stock Exchange 50 cents to close at $6.50 with 78,000 units changing hands, in continued favourable response to the company’s increased first quarter profit and the payment of a 53 cents dividend. Jamaica Producers had 7,450 units trading 10 cents lower at $18.55, JMMB Group saw 13,200 shares trading, to close 4 cents down at $7.22, down 24 cents, Mayberry Investments traded 623,497 stock units and lost 19 cents to end at $2.88, at the close there was a bid by Mayberry to buy 1,198,980 units at $2.88.JSE fn qts 11-6-15 National Commercial Bank had 315,733 shares trading with a gain of 10 cents to close at $29.50, Radio Jamaica traded 12,265 units at a new 52 weeks’ high of $3.01 by adding 1 cent, Sagicor Group trading at the close at a new 52 weeks’ high of $12.40 after putting on 10 cents with 113,740 shares changing hands. Scotia Group dropped 90 cents with only 5824 shares trading, to close at $23.50, Scotia Investments traded 7,000 stock units, to end at $26.28. Proven Investments traded 236,105 ordinary stock units at 21.05US cents, Jamaica Money Market Brokers 7.50% preference share trading 500,850 units at $2 while losing 3 cents.

Declining stocks outpace advancers

Activity on the Jamaica Stock Exchange, resulted in the prices of 10 stocks rising, 13 declining as 33 securities changed hands, ending in 9,407,399 units trading, valued at $83,136,775, with 4 stocks closing at 52 weeks’ high, in all market segments.
The JSE Market Index lost 787.71 points to 98,401.83, the JSE All Jamaican Composite index declined 880.45 points to close at 108,925.75 and the JSE combined index dropped by 631.19 points to end at 100,937.41.
JSE sum fn 3-6-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 15 stocks with bids higher than their last selling prices and 9 with offers that were lower. The indication is for fluidity in price movements on Thursday and the likelihood of declining stocks out numbering advancing ones.
In trading, Berger Paints traded 71,289 units at $3, Caribbean Cement had 201,560 units trading at $5 after dropping 10 cents. Interestingly, even as Cable & Wireless posted a large loss after taking a $7 billion one off extra ordinary expense hit, the stock traded 649,000 units between 50 cents and the closing price of 48 cents, the same as on Tuesday. Carreras traded 483,380 units at $50, after falling $1.50, Gleaner Company had 219,403 shares trading at $1, Hardware & Lumber closed with 38,638 shares trading unchanged at $18, Jamaica Broilers having 2,428,147 units trading with the price holding at $5.18 after slipping from $5.50 earlier in the day, to end the day down 7 cents. JMMB Group lost 79 cents while it traded 1,130,033 units as the price closed at $7.71, following poor profit results in the final quarter of the fiscal year to March.JSE fn qts 03-6-15 Mayberry Investments had 1,099,821 units trading 4 cents lower at $3.05. One million units of the stock were sold by JMMB Securities and Mayberry bought them for in house purposes. National Commercial Bank ended with 81,153 units changing hands 35 cents down at $29.55, Pan Jamaican Investment traded 4,078 units 2 cents higher for a new 52 weeks’ high of $60.52. Sagicor Group had 1,199,248 shares trading at $12, after slipping 5 cents, Scotia Group had 315,085 units changing hands to end 250 cents higher at $25.50 and Jamaica Money Market Brokers 7.50% preference shares closed with 295,000 units trading to end at $2.11.

Sagicor stole show with 11.4m Shares

Sagicor Group 

Sagicor Group had 11,418,503 shares trading at $11.52 as Sagicor Investments was the only broker trading the stock on behalf of clients, as well as some being bought for in house inventory purposes.
Activity on the overall market resulted in the prices of 18 stocks rising, 8 declining as 37 securities changed hands, ending in 15,580,599 units trading, valued at $163,455,688, in all market segments.
The JSE Market Index gained 621.20 lost points to 98,315.18, the JSE All Jamaican Composite index rose 694.34 points to close at 108,828.89 and the JSE combined index gained 600.84 points to end at 100,580.46.
JSE 28-5-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows only 6 stocks with bids higher than their last selling prices and 3 with offers that were lower.
In trading, Barita Investments exchanged 77,159 shares to close at $2.50, after shedding 20 cents, Cable & Wireless traded 353,348 units at 50 cents at the close Caribbean Cement had 102,760 shares changing hands at $5, to gain 60 cents at the close, but traded as low as $4.40. Carreras had 104,150 units trading unchanged at $49, Desnoes & Geddes gained 15 cents in trading 12,500 units at $7.50. Gleaner closed up 14 cents as 25,811 units changed hands at $1.10.JSe fn Qts 28-5-15 All the Jamaica Producers’ 36,937 shares traded at $18.55, Jamaica Stock Exchange traded at a new all-time high of $3.65 with 10,000 units, Margaritaville traded 89,180 units at 10.5 US cents up from 10 US cents, Mayberry Investments traded 98,500 at $3, National Commercial Bank traded 15,647 shares to close with a gain of 53 cents at $30.10. Proven Investments ended with 18,320 units as the price rose to 20.99 US cents, followed by Sagicor Real Estate Fund with 202,000 shares at $7.51, Scotia Group had 673,965 shares changing hands at $25.50 and Jamaica Money Market Brokers 8.75% preference shares with 289,776 units at $3.02.

New high for Lasco Fin & JSE

Lasco Financial Services traded at a new all- time high of $1.61 in trading JSE int 28-5-15250,000 shares at $1.61, two days after Mayberry bough 20 percent of the company after the company reported profits of 15.5 cents per share for the year to March. The Jamaica Stock Exchange had 20 securities trading at 11 on Thursday accounting for 1 million units. The All Jamaican composite Index is up 86.28 points 108,220.83, the JSE index is at 97,771.17.18 gained 77.19 points and the junior market rose 4.64 to 873.36 so far 9 stocks recorded gains versus 4 that are down. There were 4 securities traded in the junior market and 16 in the main and US dollar market
In trading, Barita Investments traded 75,000 at $2.41, Gleaner Company closed up 14 cents as 10,011 changed hands at $1.10, Jamaica Stock Exchange is trading at a new all-time high of $3.65 with 10,000 units, Mayberry Investments trades with 50,300 at $3, followed by Sagicor Real Estate X Fund with 202,000 shares at $7.51, Proven Investments with 18,320 units as the price rose to 20.99 US cents and Jamaica Money Market Brokers 8.75% preference shares with 289,776 units at $3.02.

Bullishness intact as 16 stocks rise

Gleaner Traded 3.7 million shares to close at 96 cents

Gleaner Traded 3.7 million shares to close at 96 cents

Activity on the Jamaica Stock Exchange, resulted in the prices of 16 stocks rising, 13 declining as 37 securities changed hands, ending with 7,586,383 units trading, valued at $25,926,559, and 4 stocks closed at new 52 weeks high and 1 at 52 weeks’ low, in all market segments.
TheJSE Market Index gained 195.74 points to 97,693.98, theJSE All Jamaican Composite index rose 218.85 points to close at 108,134.55 and the JSE combined index put on 298.44 points to end at 99,979.62.
JSE sum 27-7-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 11 stocks with bids higher than their last selling prices and 2 with offers that were lower.
The following stocks closed in the main market at new 52 weeks high Barita Investments at $2.70, Hardware & Lumber at $12.08 and Radio Jamaica at $3.
In trading, Berger Paints ended with 10,057 shares changing hands to close 40 cents higher, at $3, Cable & Wireless closed with 29,546 shares trading for 1 cent lower at 49 cents, Gleaner traded 3,724,340 shares to end lower by 11 cents at 96 cents. Hardware & Lumber gained $1.83 to a new 52 weeks’ high of $12.08 with 33,999 units trading, Jamaica Broilers concluded trading with 55,845 shares changing hands to close 25 cent up at $5.50. Jamaica Money Market Brokers 7.50% preference shares close with 434,935 units trading at $2.30, Jamaica Money Market Brokers 8.75% preference shares finished trading with 30,000 at $3.02, JSe fn qts 27-5-15JMMB Group lost 45 cents as 6,094 shares changed hands at $8.55. Mayberry Investments contributed 124,080 units to trading at $3, National Commercial Bank ended trading with 97,412 shares and gained 5 cents to $29.57, Pan Jamaican Investment had 8,935 shares changing hands to close 42 cents higher, at $59.01. Radio Jamaica gained 25 cents with 24,497 shares trading at $3, Sagicor Group contributed 473,884 units in trading but lost 80 cents at $11.20. Sagicor Real Estate Fund closed trading with 178,000 units, 40 cents lower at $7.10. Scotia Group ended trading with 228,571 shares with a 15 cents gain to $25.50, Scotia Investments closed with 1,500 shares changing hands to close 45 cents up at $26.30, Sterling Investments finished trading with 57,140 shares trading at $13.39 for a loss of 1 cent and Supreme Ventures saw trading in 52,020 units to close 35 cents down at $3.60.

Markets fell as more stocks decline than rise

Pan Jam fell $1.66 on Tuesday

Pan Jam fell $1.66 on Tuesday

Activity on the Jamaica Stock Exchange, resulted in the prices of 11 stocks rising, 15 declining as securities changed hands, ending in 251,691,499 units trading, valued at $358,211,118, in all market segments.
TheJSE Market Index lost 996.20 points to 97,498.24, theJSE All Jamaican Composite index fell/ decline/ rose 923.95 points to close at 107,915.70 and the JSE combined index dropped 1,138.33 points to end at 99,681.18.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 9 stocks with bids higher than their last selling prices and 6 with offers that were lower.
JSE sum 26-5-15In trading, Cable & Wireless ended with 1,940,000 units trading between 47 cents and the last price of 50 cents to gain 3 cents, Caribbean Cement closed with 5,400 shares at $4.01, down 34 cents, Desnoes & Geddes finished trading with 69,899 shares at $7.36 after adding a cent to the price, Gleaner saw trading in 102,913 shares to close with 7 cents gains at $1.07, Grace Kennedy closed with just 7,843 units changing hands at $63 to gain 25 cents, Jamaica Broilers finished trading with 23,138 shares while losing 25 cents to $5.25, JMMB Group concluded trading with 21,250 shares to close unchanged at $9. Mayberry Investments completed trading in 1,135,000 shares at $3 by gaining 15 cents at the end, National Commercial Bank had dealings in just 9,944 units to close down 8 cents at $29.52 at the same time the stock closed up in Trinidad at the equivalent of $31.50. Pan Jamaican Investment contributed 2,150 shares to close down by $1.66 at $58.59, JSE 26-5-15 Radio Jamaica gained 15 cents to end trading with 40,700 units at $2.75, for anew 52 weeks’ high. Sagicor Group closed with 1,471,642 shares at $12, after shedding 15 cents, Sagicor Real Estate Fund finished trading with 18,896 units at $7.50, for a 50 cents fall, Scotia Group ended trading with just 473 units to close at $25.35 after losing 15 cents. Seprod finished trading with 10,162 units at $18 to gain 50 cents, Supreme Ventures ended with 55,747 units at $3.95, up 35 cents. Trinidad Cement ended trading with 105 shares to close down by at $15, Proven Investments closed with 721,573 shares at 19 US cents, after losing 1.5 US cents. Jamaica Money Market Brokers 7.50% preference share finished trading with 350,000 units at $2.30 and Jamaica Money Market Brokers 8.75% preference share traded 199,000 shares at $3.02 and lost 3 cents.

Rally maybe going on holiday

Jamaica Broilers closed at a new 52 weeks high on Tuesday

Jamaica Broilers closed at a new 52 weeks high on Tuesday

In the first hour and a half of trading Tuesday, on the Jamaica Stock Exchange, the all Jamaican Composite Index was once more over the 110,000 market. It gained 322.01 points to 110,048.85 and the JSE Index was at 99,578.98, with a gain of 288.02 points.
By the end of trading, the market gave up all the gains and much more as the market continues to struggle to move away from the resistance level which it crossed over recently. The JSE Market Index lost 939.55 points to 98,348.41, the JSE All Jamaican Composite index fell 1,050.45 points to 108,676.39 and the JSE combined index dropped 1,010.08 points to close at 100,729.99.
Activity, resulted in the prices of 10 stocks rising, 12 declining as 35 securities changed hands, ending in 9,192,775 units trading, valued at $92,864,773, in all market segments. Only three new highs were recorded in the overall market, with Jamaica Broilers ended at $5.49 and Jamaica Stock Exchange at $3.55 as new 52 weeks closing highs in the main market.
JSe sum 19-5-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 10 stocks with bids higher than their last selling prices and 3 with offers that are lower.
In trading, Berger Paints as it traded at $2.55 with 14,650 shares, but there is a strong bid at $2.55 to buy 123,873 shares. Cable & Wireless had 306,000 shares trading at 47 cents, Caribbean Cement traded 292,100 units to close at $5, Carreras traded 211,982 shares to close at $49, Gleaner posted 322,432 units to end at $1, Grace Kennedy gained 5 cents to close at $63.55 with 45,627 units, the stock traded at $65 during the trading session. Jamaica Stock Exchange put through 83,000 units and ended at $3.55, JMMB Group lost 51 cents in trading 219,760 shares at $9.49, at the close. National Commercial Bank had 113,179 units trading between $29.50 and $30.20, the closing price, as 20 cents was added. JSE fn Qts 19-5-15 Sagicor Group traded down to $11 during the day but ended up with a decline of 1 cent at $11.99, at the end with 5,150,556 shares, changing hands. Mayberry sold more than 3.5 million units mostly at $11 from their inventory and Sagicor Investments was another major buying and selling broker of the stock. Scotia Group put on 70 cents to $26 with 8,794 units trading, Seprod had 136,611 units changing hands at $18.50, and Supreme Ventures traded 116,465 shares between $3.89 and $3.95 but ended at $3.90 and Proven Investments slipped by half of a cent in trading 61,517 units at 20.5 US cents.

JSE Markets up pace slowing

Grace fell $1 after reporting a decline in Q1 profits

Grace fell $1 after reporting a decline in Q1 profits

The main market indices of the Jamaica Stock Exchange recorded another day of gains on Monday, but the current run up for the main market, may be peaking, until the summer months. With the latest inflation number being very tame, the stage may be set for another round of lower interest rates that could ignite the market again before long.
Activity on the Jamaica Stock Exchange, resulted in the prices of 15 stocks rising, including 8 new 52 weeks’ high, 7 declining as 35 securities changed hands, ending in 4,079,019 units trading, valued at $46,667,393, in all market segments. The JSE Market Index gained 295.86 points to 99,287.96, the JSE All Jamaican Composite index rose 330.79 points to close at 109,726.84 and the JSE combined index gained/ put on 321.05 points to close at 101,740.07. Stocks closing at new 52 weeks’ highs, in the main market are, Berger Paints, Desnoes and Geddes, Caribbean Cement, Jamaica Broilers and Radio Jamaica.
JSE sum -18-5-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 9 stocks with bids higher than their last selling prices and 3 with offers that were lower.
Stocks trading include, Berger Paints ended trading with 81,477 shares changing hands to close 20 cents higher at $2.55, Caribbean Cement closed with 240,866 shares trading, 89 cents higher, at $5.10, Carreras finished trading with 20,385 shares and lost 35 cents to close at $49, Desnoes & Geddes saw trading in 31,000 shares trading 5 cents higher at $7.25. Gleaner closed with 170,739 units trading, with the price unchanged at $1, Grace Kennedy finished trading with 42,032 shares and fell $1 to close at $63.50. Jamaica Stock Exchange concluded trading with 25,000 units trading with the last price unchanged at $3.50, JMMB Group completed trading in 11,506 shares changing hands and jumped $50 cents at $10,the stock closed with an offer at $9.49, Kingston Wharves had dealing in 34,221 units traded at 6 cents up to $6.26.JSE fn qts 18-5-15 Mayberry Investments contributed 93,828 units to trading and close unchanged at $3, National Commercial Bank ended trading with 52,070 shares changing hands to close down by 50 cents at $30 and based on today’s trading which saw the bid that was at $30 for several days, to buy an undisclosed amount being pulled, it looks as if the price could fall back below $30, Radio Jamaica closed with 100,000 shares trading at $2.48 after adding 8 cents, Sagicor Group finished trading with 1,127,037 units but remained unchanged at $12, after it trading during the day at $11. Scotia Group ended trading 72,725 units to close 14 cents higher, at $25.30, Scotia Investments closed with 2,300 shares, 75 cents up at $25.50. Jamaica Money Market Brokers 8.75% preference share finished trading with 153,398 units changing hands to close 2 cents higher at $3.02 and Proven Investments 8% preference shares saw trading in 26,805 units with the price ending unchanged at $5, after gaining 50 cents earlier in the day before falling back.

JSE back at August 2008 levels

Scotia rose to $27 during trading to help push market on Monday

Scotia rose to $27 during trading to help push market on Monday

The Jamaica Stock Exchange closed Monday at a 82 months’ high, taking it back to August 2008, just before the market tanked, ahead of rising interest rates locally.
Today’s trading resulted in the prices of 13 stocks rising, 9 declining as 32 securities changed hands, ending in 3,376,261 units trading, valued at $34,457,428, in all market segments with the market indices continuing to record gains. The market closed with 6 new 52 weeks high in the junior and main market.
TheJSE Market Index gained 1,291.03 points to 98,710.56, the JSE All Jamaican Composite index rose 1,443.44 points to close at 109,081.28 and the JSE Combined Index closed at 100,708.70 with a gain of 1,293.92 points. JSE sum 11-5-15The JSE All Jamaican Composite index closed at the highest level since it closed on August 28, 2008 at 109,877.58. Based on Monday’s close, the market has now crossed over the resistance trend line, just below today’s close. With Scotia Group pulling back from today‘s high of $27, there is no certainty that it will remain above resistance at the close on Tuesday, even if it does not pull back, the 115,000 mark, just 6,000 points away, is likely to be a real test as most first quarter results would have been released this week.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 11 stocks with bids higher than their last selling prices and 4 with offers that were lower.
Stocks trading include, Berger Paints trading 2,705 shares at $1.80 after shedding 15 cents. Cable & Wireless ended with 196,631 JSE qts 11-5-15shares to close up 3 cents at 46 cents, Caribbean Cement ended with 15,074 units with the price falling 49 cents to $4.50, Carreras traded just 2,000 shares and declined 85 cents to $48.10, Desnoes & Geddes traded 252,106 shares $6.90 while adding 30 cents, Gleaner finished trading 886,808 units at $1, Jamaica Broilers ended trading with 7,634 shares at a new 52 weeks’ high of $5.25 after posting a gain of 45 cents. Jamaica Stock Exchange ended with 607,587 units and lost 3 cents at $2.90, JMMB Group closed with 35,677 shares at $9.10, for a gain of 39 cents. Mayberry Investments had dealing in only 1,669 shares to close at $2.80, to gain 5 cents, while National Commercial Bank contributed 845,891 shares at $30. Radio Jamaica traded gained 19 cents while 25,185 shares traded at a new 52 weeks’ high of $2.19, Sagicor Group completed trading with 191,940 units at $12, with a 10 cents loss. Scotia Group traded 16,348 shares to close at $25.02 to lose 98 cents compared to Friday’s close but traded at a new intraday high of $27. Scotia Investments had 10,000 units trading at $24.60 to gain 10 cents and Jamaica Money Market Brokers 7.50% preference share traded 50,000 units at $2.11.

Bulls take over JSE with 6 new highs

Seprod traded at 52 weeks " high on Thursday at $16

Seprod traded at 52 weeks’ high on Thursday at $16

The number of stocks participating in trading on the Jamaica Stock Exchange widened to 27 on Thursday, from 23 on Wednesday. A total of 1,257,808 units changed hands, valued at just $10,579,864, resulting in the prices of 14 stocks rising, with 6 hitting 52 weeks’ highs. There were 7 declining stocks, in all market segments.
Stocks closing at 52 weeks’ high on Thursday are Carreras, Knutsford Express from the junior market, National Commercial Bank, Seprod, Supreme Ventures and Jamaica Money Market Brokers 7.50% preference share.
Main Market| The JSE Market Index gained 346.41 points to 86,646.17, the JSE All Jamaican Composite index rose 387.31 points to close at 95,592.74 and the JSE combined index gained 412.97 points to 88,407.34.
JSE sum23-4-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 11 stocks with bids higher than their last selling prices and just 2 with offers that were lower.
In market activity, Cable & Wireless traded 123,000 shares, in closing at 52 cents, after trading as high as 54 cents. Caribbean Cement had 46,061 units trading, to gain 25 cents in ending at $2.50, Carreras traded only 15,934 shares between $43 and the last traded price of $45.05, in posting a gain of $1.05. Grace Kennedy’s price fell 80 cents, while trading 5,801 shares at $62.20, Jamaica Producers had 173,904 units trading at $16.80 for a gain of 84 cents but had 1,569,027 shares on the bid at $16, at the close. National Commercial Bank put through only 25,149 units between $26.01 and the closing price of $26.70 with an increase of 20 cents. The banking group reported improved results in the quarter of $1.32 versus $1.24 per share in March 2014. Pan Jamaican Investment gained 37 cents in trading 9,054 shares at $55.50 but traded as low as $55.19. Radio Jamaica lost 25 cents in trading just 1,000 shares at $1.75,Sagicor Group posted 65,992 shares to end at $10.57 and gain just 2 cents. Scotia Group swapped JSE qts f 23-4-1548,477 shares to close at $22, after trading at $22.50, Scotia Investments had 10,000 shares changing hands at $23.80, for an increase of 20 cents. Seprod put on $1.93 but with a mere 200 shares to end at $16, Supreme Ventures had the ownership of 51,600 units changing to close with a gain of 11 cents at $2.95. Proven Investments had 77,330 shares trading to close at 17.5 US cents but traded as high as 17.99 US cents, Jamaica Money Market Brokers 7.50% preference share traded 227,950 units at $2.30 and gained 28 cents or 14 percent, which is indicative of what now happening to interest rates, that have been declining from April last year, and Jamaica Money Market Brokers 8.75% preference share traded 174,738 units at $3.20.