Grace Kennedy — Page 235

Investor bids $1,300 for Palace shares – Thursday

March 15, 2018 by IC Insider.com

Palace Multiplex in Montego Bay.

IC Insider TOP 10 stock – Palace Amusement, jumped $540 to $1,100 in trading on the Jamaica Stock Exchange on Wednesday, did not trade on Thursday but closed with the bid at $1,300 and an offer at $1,500.
The sharp increased price, comes as investors responded to the strong patronage of the Black Panther movie, that is expected to raise revenues and profit sharply for Palace.
Main market activity ended with 29 securities changing hands, with 3 securities rising, 14 falling, 12 trading firm. Trading closed with 14,969,349 units valued at $264,028,466 being exchanged.
At the close of trading, the JSE All Jamaican Composite Index dropped 4,700.74 points to 319,507.99 and the JSE Index dived 4,282.91 points to 291,107.90.
In main market activity, Barita Investments closed at $9, with 3,600 shares, Berger Paints ended at $17, with 100 stock units, Carreras finished with a loss of 12 cents at $10.78, with 362,023 shares, Caribbean Cement settled 1 cent higher at $32.61, with 58,148 shares, Ciboney Group ended trading at 14 cents, with 145,700 shares. Grace Kennedy traded at $52, with 12,451 stock units, Jamaica Broilers finished trading with a loss of 48 cents at $19.51, with 342,660 units, Jamaica Producers closed with a loss of 49 cents at $15.01, with 326,924 shares, Jamaica Stock Exchange ended at $6.50, with 112,036 shares. JMMB Group concluded trading with a loss of 44 cents at $26.06, with 623,884 shares, Kingston Properties finished with a loss of 65 cents at $6, with 7,500 stock units, Kingston Wharves settled at $39.50, with 5,950 units, Mayberry Investments ended trading 2 cents higher at $5.17, with 2,000 shares. NCB Financial Group traded with a loss of 99 cents at $98.50, after 893,212 shares changed hands, 1834 Investments finished trading with a loss of 12 cents at a 52 weeks’ low of $1.03, with 3,000 shares, 138 Student Living ended with a loss of 29 cents at $5.51, with 150 shares, PanJam Investment finished $42 higher at $42, with 58,886 stock units, Pulse Investments concluded trading at $1.85, with 33,735 shares, Radio Jamaica finished with a loss of 2 cents at $1.06, with 3,570 shares. Sagicor Group settled with a loss of 90 cents at $35.60, with 225,268 shares, Sagicor Real Estate Fund settled with a loss of 10 cents at $15, with 16,636 shares, Salada Foods ended trading at $12.05, with 8,474 stock units, Scotia Group traded with a loss of $2 at $54, with 124,930 units, Seprod finished trading at $30.25, with 48,955 shares. Supreme Ventures ended with a loss of 50 cents at $11.50, with 1,767,895 shares, Victoria Mutual Investments concluded trading with a loss of 7 cents at $4.50, with 732,219 stock units and Wisynco Group finished at $10.50, with 9,043,043 units. In the main market preference segment, Jamaica Money Market 7.25% ended trading at $2.55, with 400 shares, JMMB Group 7.5% closed at $1.02, with 6,000 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “4,700 points drop for JSE – Thursday.”

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, NCB Financial Group, Palace Amusement Company, PANJAM Investment, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Supreme Ventures, Trading Activity, Victoria Mutual Investments, Wisynco

Another day of 20 stocks traded on TTSE – Thursday

March 15, 2018 by IC Insider.com

Market activity on the Trinidad & Tobago Stock Exchange ended on Thursday with trading in 15 securities against 20 on Wednesday, with 4 stocks advancing, 2 declining and 9 remaining unchanged.
The market closed with 267,128 shares valued at $3,784,239 trading, compared to 588,538 shares valued at $15,214,861 on Wednesday.
At close, the Composite Index fell 0.98 points to 1,269.23, the All T&T Index closed with a loss of 1.27 points to 1,699.92, while the Cross Listed Index shed 0.09 points to close at 113.16.
IC bid-offer Indicator|At the end of trading, on Thursday, the Investor’s Choice bid-offer indicator reading shows 4 stocks with bids lower than their last selling prices and 5 with lower offers.
Gains| Ansa Mcal finished trading with a gain of 1 cent and ended at $60, with 1,000 units, Guardian Holdings finished trading after an increase of 1 cent and completed trading at $16.01, after exchanging 23,924 shares, Sagicor Financial rose 2 cents to end at $7.84, with 4,566 units and Unilever Caribbean closed with a rise of 1 cent and ended at $30.36, with 100 units changing hands.
Losses| First Citizens shed 31 cents and settled at $32.19, after exchanging 355 shares and JMMB Group lost 2 cents and concluded trading at $1.95, with 96,595 stock units changing hands.
Firm Trades| Clico Investments ended at $20.10, with 64,802 units, First Caribbean international Bank completed trading at $9.30, after exchanging 1,927 shares, Grace Kennedy ended at $3.34, with 20,000 units, LJ Williams B share settled at 75 cents, after exchanging 6,314 shares, Massy Holdings ended at $47.44, with 1,026 stock units changing hands. NCB Financial Group settled at $6.53, after exchanging 9,895 shares, Scotiabank completed trading at $62.50, after exchanging 16,318 shares, Trinidad & Tobago NGL settled at $28, after the trading of 20,156 shares and West Indian Tobacco completed trading at $88.50, after 150 shares changed hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, NCB Financial Group, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean

JSE climbs as Palace jumps $540 – Wednesday

March 14, 2018 by IC Insider.com

The Main Market of the Jamaica Stock Exchange ended trading on Wednesday as the JSE All Jamaican Composite Index climbed 1,227.13 points to 324,208.73 and the JSE Index advanced by 1,118.05 points to 295,390.81 with 5 stocks rising to 1 falling.
Trading on Wednesday closed with 25 securities changing hands, leading to 15 advancing, 3 declining and 6 trading firm, in the main and US dollar markets. Only a few securities closed with sizable price changes as Grace Kennedy jumped $6.40 to $52 and Palace Amusement leapt $540 to close at $1,100 and NCB Financial Group rose $1.29 to $99.49.
Main market activity ended with 9,164,384 units valued at $151,125,249 changing hands, versus 9,664,260 units valued at over $708,128,861 on Tuesday.
Jamaica Producers Group closed with 3,598,442 units and accounted for 39.27 percent shares traded in the main market, followed by Wisynco Group with 2,127,214 units and 23.21 percent of traded shares and Carreras with 1,243,617 units, 13.57 percent of trades.
Trading results in an average of 366,575 shares valued at $6,045,010 for each security traded, compared to 402,678 shares valued at $29,505,369 on Tuesday. For the month to date an average of 684,251 units with an average value at 11,503,301 traded, compared to 715,033 units with an average value at $12,094,025 traded on the previous trading day. In contrast, February closed with average of 213,336 units valued at $3,392,475 for each security traded.
There was no trading in the US dollar market on Wednesday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 4 with a lower offer.
For more details of market activities see – Black Panther helps push Palace to $1,100 – Wednesday

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Daily Trading, Emerging markets, Grace Kennedy, Jamaica Stock Exchange, Jamaican stocks, NCB Financial Group, Palace Amusement, Trading Activity, Wisynco Group

Black Panther helps push Palace to $1,100 – Wednesday

March 14, 2018 by IC Insider.com

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Palace jumps $540 to close at $1,100 on Wednesday.

The price of Palace Amusement jumped 96 percent by $540 close at a record high of $1,100 at the close of trading on the Jamaica Stock Exchange on Wednesday as investors responded to increased business being done from the Black Panther movie, that should raise profits sharply.
By rising to the current level the stock has become the most expensive local ordinary equity ever to trade on the local exchange, bettering Eppley that hit a high of $735 and Lascelles over $500 when they were acquired. Elsewhere Grace jumped $6.40 to $52 as the next big price movement. Main market activity ended with 25 securities changing hands, with 15 securities rising, 3 falling, 9 trading firm. Trading closed with 9,164,384 units valued at over $$151,125,249.
At the close of trading, the JSE All Jamaican Composite Index jumped 1,227.13 points to 324,208.73 and the JSE Index climbed 1,118.05 points to 295,390.81.
In main market activity, Barita Investments closed at $9, with 24,625 shares, Berger Paints ended at $17, with 223,002 stock units, Carreras finished at $10.90, with 1,243,617 shares, Caribbean Cement settled with a loss of 1 cent at $32.60, with 8,686 shares, Ciboney Group ended trading 3 cents higher at 14 cents, with 100 shares. Grace Kennedy traded $6.40 higher at $52, with 2,533 stock units, Jamaica Broilers finished trading 49 cents higher at $19.99, with 53,475 units, Jamaica Producers closed 50 cents higher at $15.50, with 3,598,442 shares, Jamaica Stock Exchange ended 20 cents higher at $6.50, with 799 shares. JMMB Group concluded trading at $26.50, with 495,853 shares, Kingston Wharves settled at $39.50, with 14,160 units, NCB Financial Group traded $1.29 higher at $99.49, with 128,655 shares, 1834 Investments finished trading with a loss of 3 cents at $1.15, with 250 shares. 138 Student Living concluded trading 30 cents higher at $5.80, with 100 shares, units changing hands, Palace Amusement jumped $540 to end at a all-time record high of $1,100, with 200 stock units changing hands, PanJam Investment ended 11 cents higher at $41.21, with 111,830 units, Pulse Investments finished at $1.85, with 15,756 shares, Radio Jamaica settled 2 cents higher at $1.08, with 12,300 shares. Sagicor Group ended trading 40 cents higher at $36.50, with 159,923 stock units, Sagicor Real Estate Fund ended trading at $15.10, with 150,000 shares, Scotia Group finished trading 50 cents higher at $56, with 158,557 shares, Seprod closed 24 cents higher at $30.25, with 300 shares, Supreme Ventures concluded trading 1 cent higher at $12, with 348,266 stock units. Victoria Mutual Investments finished 7 cents higher at $4.57, with 285,741 units and Wisynco Group settled with a loss of 25 cents at $10.50, with 2,127,214 shares.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE climbs as Palace jumps $540 – Wednesday.”

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB, JMMB Group, Kingston Wharves, NCB Financial Group, PANJAM Investment, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Supreme Ventures, Trading Activity, Victoria Mutual Investments, Wisynco

20 securities trade on TTSE – Wednesday

March 14, 2018 by IC Insider.com

First Citizens closed at a 52 weeks’ high on Wednesday.

Market activity on the Trinidad & Tobago Stock Exchange ended on Wednesday with trading in 20 securities against 16 on Tuesday, with 6 stocks advancing, 5 declining and 9 remaining unchanged.
The market closed with 588,538 shares valued at $15,214,861 trading, compared to 443,163 shares valued at $9,904,481 on Tuesday.
At close, the Composite Index rose 1.85 points to 1,270.21, the All T&T Index closed with a gain of 3.51 points to 1,701.19, while the Cross Listed Index shed 0.01 points to close at 113.43. At the close 2 securities closed at a 52 weeks’ high and 3 at a 52 weeks’ low.
IC bid-offer Indicator|At the end of trading, on Wednesday, the Investor’s Choice bid-offer indicator reading shows 3 stocks with bids lower than their last selling prices and 4 with lower offers.
Gains| Agostini’s finished trading with a rise of 46 cents at a 52 weeks’ high of $21.01, after exchanging 2,457 shares, Angostura Holdings increased 1 cent and settled at $15.71, with 205,260 stock units changing hands, First Citizens ended trading with 31 cents gain at a 52 weeks’ high of $32.50, after exchanging 12,493 shares, Prestige Holdings finished 4 cents higher at $10.05, after 35,783 shares were traded, Scotiabank rose by 50 cents and ended at $62.50, after exchanging 88,670 shares and Unilever Caribbean added 5 cents and concluded trading at $30.35, with 2,523 units changing hands.
Losses| Ansa Mcal closed with a loss of 1 cent at a 52 weeks’ low of $59.99, after trading 2,460 units, Guardian Holdings fell 1 cent and ended at $16, after exchanging 7,590 shares, Massy Holdings shed 5 cents to settle at $47.44, with 1,793 stock units changing hands, One Caribbean Media lost 2 cents and closed at a 52 weeks’ low of $12.45, with 5,995 stock units changing hands and Trinidad Cement ended trading 1 cent lower at a 52 weeks’ low of $3, with 11,725 stock units changing hands.
Firm Traded| Ansa Merchant Bank ended trading at $40, after exchanging 17,930 shares, Clico Investments concluded at $20.10, with 5,743 units, First Caribbean International Bank ended at $9.30, after exchanging 88,598 shares, JMMB Group settled at $1.97, with 3,352 stock units changing hands, NCB Financial Group completed trading at $6.53, after exchanging 21,000 shares. Republic Financial Holdings settled at $101.52, with 13,819 stock units changing hands, Sagicor Financial concluded at $7.82, with 20,629 units, Trinidad & Tobago NGL completed trading at $28, after exchanging 30,965 shares and West Indian Tobacco ended at $88.50, after exchanging 9,753 shares.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: Daily Trading, Emerging markets, Emerging Stock, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, NCB Financial Group, One Caribbean Media, Point Lisas, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean

8 securities fall on TTSE – Tuesday

March 13, 2018 by IC Insider.com

Trinidad & Tobago Stock Exchange activity on the on Tuesday with 16 securities trading compared to 10 on Monday as the market closed with 443,163 shares valued at $9,904,481 trading, versus 403,022 units valued at $11,039,167 on Monday.
The market closed with the prices of 3 stocks rising, 8 declining and 5 remaining unchanged. At close, the Composite Index slipped 0.47 points on Tuesday to 1,268.36, the All T&T Index closed with a gain of 0.22 points to 1,697.48, while the Cross Listed Index lost 0.16 points to close at 113.26.
IC bid-offer Indicator|At the end of trading, on Tuesday, the Investor’s Choice bid-offer indicator reading shows 6 stocks with bids lower than their last selling prices and 3 with lower offers.
Gains| First Citizens gained 2 cents rise and closed at $32.19, after exchanging 2,830 shares, Guardian Holdings added 1 cent and settled at $16.01, after exchanging 12,719 stock units and Trinidad & Tobago NGL increased 25 cents and concluded trading at a 52 weeks’ high of $28, after 18,222 shares changed hands.
Losses| Ansa Mcal traded with a loss of 5 cents at $60, with 74,476 units, Grace Kennedy closed with a loss of 1 cent and completed trading at $3.34, with 1,000 units, JMMB Group fell 1 cent and ended at $1.97, with 62,448 stock units changing hands, LJ Williams A Share shed 2 cents and settled at a 52 weeks’ low of 20 cents, after exchanging 41,000 shares, Massy Holdings lost 1 cent and ended at $47.49, with 15,756 stock units changing hands. NCB Financial Group ended trading 4 cents lower at $6.53, after exchanging 76,228 shares, Sagicor Financial concluded trading with a loss of 3 cents and completed trading at $7.82, with 3,146 units and Scotiabank traded with a loss of 1 cent and settled at $62, in an exchange of 28,028 shares changing hands.
Firm Trades| Clico Investments completed trading at $20.10, with 16,760 units, First Caribbean International Bank settled at $9.30, after exchanging 86,000 shares, Point Lisas completed trading at $3.81, with 100 units, Republic Financial Holdings ended at $101.52, with 3,400 stock units changing hands, Trinidad Cement ended at $3.01, with 1,000 stock units changing hands and West Indian Tobacco settled at $88.50, after exchanging 50 shares.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, LJ Williams, Massy Holdings, NCB Financial Group, Point Lisas, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE

Scotia & NCB share price drop hits JSE – Tuesday

March 13, 2018 by IC Insider.com

The main market of the Jamaica Stock Exchange closed down on Tuesday after ending at a record closing high on Monday after Scotia Group and NCB Financial prices fell and helped to pull back the index.
Main market activity ended with 24 securities changing hands, with just 7 securities rising, 10 falling, 7 trading firm and closed with 9,664,260 units valued at over $708,128,861.
At the close of trading, the JSE All Jamaican Composite Index dived 1,583.39 points to 322,981.60 and the JSE Index dropped 1,442.64 points to 294,272.76.
In main market activity, Barita Investments closed at $9, with 8,729 shares, Carreras finished with a loss of 5 cents at $10.90, with 109,260 shares, Caribbean Cement settled with a loss of $2.39 at $32.61, with 9,561 shares, Grace Kennedy traded 10 cents higher at $45.60, with 2,303 stock units, Jamaica Broilers finished trading 50 cents higher at $19.50, with 6,339 units. Jamaica Stock Exchange ended with a loss of 20 cents at $6.30, with 3,200 shares, JMMB Group concluded trading at $26.50, with 258,232 shares, Kingston Wharves settled at $39.50, with 2,082 units, Mayberry Investments ended trading 15 cents higher at $5.15, with 11,043 shares. NCB Financial Group traded with a loss of $1.30 at $98.20, with 6,813,889 shares, 1834 Investments finished trading 3 cents higher at $1.18, with 31,000 shares, PanJam Investment ended 10 cents higher at $41.10, with 3,122 units, Pulse Investments finished 5 cents higher at $1.85, with 2,655 shares. Radio Jamaica settled at $1.06, with 14,401 shares, Sagicor Group ended trading with a loss of 10 cents at $36.10, with 126,997 stock units, Sagicor Real Estate Fund ended trading with a loss of 40 cents at $15.10, with 70,864 shares, Salada Foods traded at $12.05, with 25,000 units, Scotia Group finished trading with a loss of $1.50 at $55.50, with 33,156 shares. Seprod closed at $30.01, with 745 shares, Supreme Ventures concluded trading with a loss of 51 cents at $11.99, with 482,227 stock units, Victoria Mutual Investments finished with a loss of 5 cents at $4.50, with 1,464,709 units and Wisynco Group settled 5 cents higher at $10.75, with 77,913 shares. In the main market preference segment, Jamaica Money Market 7.25% ended trading at $2.55, with 11,031 shares, Jamaica Money Market 7.5% traded with a loss of 5 cents at $1.90, with 95,802 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE pulls back from record – Tuesday.”

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Stock Exchange, Jamaican stocks, JMMB, JMMB Group, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Supreme Ventures, Trading Activity, Victoria Mutual Investments, Wisynco

Scotia pushes JSE to record close – Monday

March 12, 2018 by IC Insider.com

The Main Market of the Jamaica Stock Exchange ended trading at record close on Monday with Scotia Group climbing to $57 being the main factor behind the rally along with several others that rose.
Scotia Group rise follows the release of first quarter results showing increased profit flowing mainly from gains from sale of CrediScotia operations and major savings from reduced loan loss provision.
At the close of trading, the JSE All Jamaican Composite Index jumped 2,831.01 points to a record close of 324,564.99 and the JSE Index shot up by 2,579.37 points to 295,715.40. Trading on Friday closed with 28 securities changing hands, leading to 11 advancing, 10 declining and 6 trading firm, in the main and US dollar markets. There was a big $3 rise in Scotia Group, Barita Investments rose 90 cents to close at $9, ScotiaGroup closed with a rise of $3 to $57 & pushed the JSE a record close.

Trading resulted in only a few securities with the large price changes at the close.

Grace Kennedy gained 70 cents to $45.50 and Supreme Ventures closed with a rise of 60 cents to $12.50.
Main market activity ended with 5,874,620 units valued at over $102,596,766 changing hands, versus 6,404,825 units valued at $87,957,828 on Friday. Wisynco Group closed with 1,470,306 units accounting for 25.03 percent of the day’s trades with 1,362,000 units and 21.27 percent of shares traded, followed by Jamaica Broilers with 976,153 shares with 14.9 percent of traded shares and Victoria Mutual Investments with 640,453 units for 10.9 percent of volume traded on Monday.
Trading results in an average of 267,028 shares valued at 4,663,489 for each security traded, compared to 237,216 shares valued at 3,257,697 on Friday.

For the month to date an average of 747,070 units with an average value at $10,075,319 traded, compared to 796,886 units with an average value at $10,718,888 traded on the previous trading day.In contrast, February closed with average of 213,336 units valued at $3,392,475 for each security traded.
Trading in the US dollar market ended with Proven Investments concluded trading with a rise of 0.10 cents at 22 US cents with 2,900 units changing hands and JMMB Group 6% USD preference shares close with 900 units trading resulting in 3,800 units valued at $1,524, as the market index rose 2.47 points to close at 167.86.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 3 with a lower offer.

For more details of market activities see – JSE erases October record close – Monday.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Proven Investments, Scotia Group, Supreme Ventures, Trading Activity, Victoria Mutual Investments, Wisynco Group

JSE erases October record close – Monday

March 12, 2018 by IC Insider.com

The main market of the Jamaica Stock Exchange rose sharply on Monday and erased the previous record close at the end of October and closed at a new record closing high on Monday as Scotia group jumped $3 to $57 with 11 other ordinary shares rising.
Main market activity ended with 22 securities changing hands, with just 12 securities rising, 4 falling, 6 trading firm on Monday. Trading closed with 5,874,620 units valued at over $102,596,766.
At the close of trading, the JSE All Jamaican Composite Index jumped 2,831.01 points to a record close of 324,564.99 and the JSE Index shot up by 2,579.37 points to a record close of 295,715.40, bettering the previous closing high on the last day of October 2017.
In main market activity, Barita Investments closed 90 cents higher at $9, with 5,500 shares, Berger Paints ended at $17, with 29,606 stock units, Carreras finished 5 cents higher at $10.95, with 460,585 shares, Caribbean Cement settled at $35, with 625,462 shares, Ciboney Group ended trading at 11 cents, with 585,846 shares. Grace Kennedy traded 70 cents higher at $45.50, with 6,275 stock units, Jamaica Broilers finished trading at $19, with 876,153 units, Jamaica Stock Exchange ended at $6.50, with 16,510 shares, JMMB Group rose 50 cents to end at $26.50, with 57,960 shares. Kingston Wharves settled with a loss of 50 cents at $39.50, with 2,843 units, NCB Financial Group traded 50 cents higher at $99.50, with 99,158 shares, 1834 Investments finished trading 5 cents higher at $1.15, with 1,830 shares, Radio Jamaica settled 1 cent higher at $1.06, with 153,637 shares. Sagicor Group ended trading 10 cents higher at $36.20, with 609,821 stock units,Sagicor Real Estate Fund ended trading 50 cents higher at $15.50, with 9,936 share, Scotia Group finished trading $3 higher at $57, with 84,125 shares, Seprod closed at $30.01, with 9,360 shares, Sterling Investments ended with a loss of 11 cents at $13.89, with 150 shares. Supreme Ventures concluded trading $12.50 higher at $12.50, with 128,604 stock units, Victoria Mutual Investments lost 5 cents and closed at $4.55, with 640,453 units, Wisynco Group settled 15 cents higher at $10.70, exchanging 1,470,306 shares and in the main market preference segment, Jamaica Money Market 7.25% ended trading with a loss of 5 cents at $2.55, with 500 shares, changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Scotia pushes JSE to record close – Monday.”

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Stock Exchange, Jamaican stocks, JMMB, JMMB Group, Kingston Wharves, NCB Financial Group, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Supreme Ventures, Trading Activity, Victoria Mutual Investments, Wisynco

$2,800 per share for Palace Amusement!

March 10, 2018 by IC Insider.com

Palace Amusement seems set to be a big surprise as the stock could exceed $2,000 this year with enormous success that Black Panther is forging.
At the close on Friday the bid had moved up to $730 and should be heading higher based on the good fortune being enjoyed with the Black Panther movie. IC Insider.com projects big rise in revenues for the current quarter a sizable jump in profit as well to levels never before seen by this company. Profit for the year to June should be well into the $100 per share range as the company increase showings of the extremely popular movie but is still booked out into the future. Cable & Wireless should be the number one choice for main market TOP 10 stocks based on a nearly $2 billion reduction in interest cost this year resulting from the fall in local interest rates and increasing revenues. But uncertainty lies about continued listing on the Jamaica Stock Exchange in a year when the company is likely to see significant profit for the first time in nearly a decade.
The number one remains with Barita Investments on the basis that management will start to seriously extract the benefits of the assets that it manages. Despite the fall in profits in the December quarter for Berger Paints, from slightly lower revenues compared to 2016, the stock is still expected to benefit from improving demand for paints as economic improvements take deeper root.
Caribbean Cement continues to struggle to break out of the $35 region but investors may have to wait until around mid-April just ahead of the first quarter results to witness a break out. Grace Kennedy results when the prior year’s one off gain from sale of investment is factored out showed continued progress in increasing profit. The stock has become scarce and seems headed for the over $50 range.
The PE ratio of the TOP 10 is 6.6 times 2018 earnings compared to 12 currently for the main market and an expected 20 by March 2019, this means these stocks have lots of room to grow.