Sagicor hammers JSE index – Thursday

May 18, 2017 by

Sagicor Group traded 2.2 million shares on Thursday & fell $3.49 in early trading.

Sagicor Group traded 2.275 million shares and fell $3.49 to $30.01 by mid-morning on Thursday and was the main contributor to the more than 3,600 points fall in the main market of the Jamaica Stock Exchange closed in the morning session. The price recovered to close back at the closing price of the previous day but the market closed with more losses with Mayberry Investments trading more than 10 million shares with a loss of 57 cents.
The market closed on Thursday with 29 securities changing hands with 3 trading in the US dollar market. At the close, 10 stocks advanced and 10 declined. Trading levels in the main market ended at 14,040,895 units valued at $147,385,397 compared to 2,068,486 units valued at $25,621,686 at the close on Wednesday. Trading in the US dollar market accounted for 12,880 units valued at US$3,794.
The All Jamaica Composite Index dived 4,312.28 points to close at 259,935.85 and the JSE Market Index sank 3,928.98 points to finish at 236,830.99. The JSE US dollar market index added 2.34 points to close at 221.11.
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 9 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 540,034 units valued at $5,668,669 per security traded, compared to an average of 86,187 units valued at $1,067,570 on Wednesday. The average volume and value for the month to date ended at 557,915 units with an average value of $7,436,562 compared with an average of 559,541 units with an average value of $7,597,279 on the previous trading day. The average volume and value for April ended at 382,748 units with an average value of $5,254,387.
In market activity, Berger Paints tumbled $4.16 to close at $19.34 in exchanging 32,091 shares, Cable and Wireless closed at $1.40, with 286,674 shares changing hands, Caribbean Cement traded 15 cents higher to close at $29.65 with 2,529 units traded, Carreras lost 20 cents, closing at $82.80 with an exchange of 100 shares, Grace Kennedy closed at $43, with trades of 44,917 units. Jamaica Broilers fell $1 and closed at $19, with 38,394 shares changing owners, Jamaica Producers closed at $15.99, with an exchange of 234,241 shares and Jamaica Stock Exchange gained 30 cents to close at $7.80 trading 11,187 shares. JMMB Group closed at $20.50, gaining 49 cents with trades of 8,300 units, Kingston Properties added $1.10 to close at $16.60 exchanging 4,650 shares, as the stock is set to start trading ex split on Friday.Kingston Wharves traded 1 cent higher to close at $31.50, with an exchange of 30,958 units, Mayberry Investments lost 57 cents to close at $4.18, with 10,252,750 shares changing hands, NCB Financial Group closed at $72, after trading 35,485 shares, PanJam Investment closed at $35.61, gaining 6 cents with trades of 411,523 shares. Portland JSX traded 20 cents lower to close at $10.10 with 725 shares changing hands, Pulse Investments closed at $14.40 exchanging 1,000 shares, Radio Jamaica closed at $1.69 after gaining 3 cents and trading 193,574 shares, Sagicor Group closed at $33.50 after recovering from $30.01 earlier in the day with trades of 2,292,158 shares, Sagicor Real Estate fund closed at $10.99, losing 6 cents while exchanging 13,883 units, Salada Foods lost 15 cents in closing at $7.85 with 9,000 shares being exchanged, Scotia Group closed at $41.51, losing 49 cents with 28,375 units changing hands, Scotia Investments traded 1,500 shares at $37.85, Seprod closed at $34.50, with a loss of 50 cents exchanging 5,630 shares, Supreme Ventures lost 9 cents to close at $7.40 trading of 64,251 shares. Margaritaville Turks closed at 37 US cents, gaining 3 US cents with 730 units traded, Proven Investments closed at 29 US cents trading 12,150 ordinary shares, JMMB 7.5% preference share gained 23 cents and closed at $2.05, while exchanging 2,000 units and JMMB Group 7.25% preference share gained 1 cent to close at $1.31 with trades of 35,000 units.

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

6 consecutive records for Jamaican stocks

May 17, 2017 by

The Jamaica Stock Exchange main market hit a new close on Wednesday.

The main market of the Jamaica Stock Exchange ended at another record close on Wednesday with the all Jamaica composite Index rising 776 points to 6 consecutive days of record close.
The market closed with 27 securities changing hands, including 3 trading in the US dollar market. At the close, 9 stocks advanced and 8 declined.
Trading levels in the main market ended at 2,091,191 units valued at $25,621,686 compared to 4,295,095 units valued at $1,350,559,147 on Friday. Trading in the US dollar market accounted for 22,705 units valued at US$10,242.
The All Jamaica Composite Index rose 776.19 points to close at 264,248.13, still below the 265,287.63 points reached during the morning session on Tuesday. The JSE Market Index climbed 707.19 points to finish at 240,759.97 and the JSE US dollar market index remained at 218.77 points.
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 8 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 86,187 units valued at $1,067,570 per security traded, compared to an average of 4,295,095 units valued at $50,020,709 on Tuesday. The average volume and value for the month to date ended at 559,541 units with an average value of $7,597,279, compare with an average of 606,876 units and $8,250,250 on the previous trading day. The average volume and value for April ended at 382,748 units with an average value of $5,254,387.
In market activity, Barita Investments traded 83,620 shares at $7, Berger Paints lost 10 cents to close at $23.50, with an exchange of 18,764 shares, Cable and Wireless closed at $1.40, with 792,421 shares changing hands, Caribbean Cement traded 50 cents higher to close at $29.50 while exchanging 8,389 units. Carreras added $1 to close at $83 trading 17,981 shares, Grace Kennedy closed at $43, with gains of 60 cents exchanging 16,088 units, Jamaica Broilers closed at $20, with trades of 34,502 shares, Jamaica Producers closed 41 cents lower to $15.99, with 68,329 shares changing owners, Jamaica Stock Exchange gained 45 cents to close at $7.50 trading 74,702 shares. JMMB Group closed at $20.01, losing 99 cents, trading of 88,264 units, Kingston Wharves traded 48 cents higher to close at $31.49, with an exchange of 107,651 units, NCB Financial Group closed at $72, with a 1 cent gain after trading 130,222 shares, 1834 Investments traded 4 cents lower to close at $1.80, with an exchange of 2,089 shares, 138 Student Living traded 15,685 shares at $4.49, PanJam Investment closed at $35.55, with trades of 5,346 shares. Pulse Investments closed at $14.40, with gains of 40 cents as 11,463 shares were exchanged, Radio Jamaica closed at $1.66, losing 4 cents trading 132,912 shares, Sagicor Group gained 50 cents to close at $33.50, with trades of 17,041 shares, Sagicor Real Estate Fund closed at $11.05 and lost 14 cents exchanging 6,683 units, Scotia Group closed at $42, with 14,663 units changing hands, Seprod traded 25,000 shares at $35, Sterling Investments lost 15 cents to close at $16.75 with an exchange of 1,000 shares, Supreme Ventures lost 1 cent to close at $7.49, with trades of 151,466 shares. Margaritaville Turks closed at 34 US cents with 10,821 units traded, Proven Investments closed at 29 US cents trading 8,084 ordinary shares, JMMB Group 6% US preference share closed at US$1.10 with trades of 3,800 units and JMMB Group 7.5% preference share closed at $1.10, with 244,205 units changing hands.

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

JSE in big record run on Tuesday

May 16, 2017 by

Berger Paints ended at a 52 weeks’ high of $23.50 on Tuesday

The main market of the Jamaica Stock Exchange shot up more than 3,300 points in the morning session to an intraday high on with all Jamaica Composite index up by 3,327.59 points to a new record, at 10:45 AM the index hit 265,287.63 points. The market failed to hold on to such heady gains and fell back later to end at a record close.
At the close of the market the All Jamaica Composite Index advanced 1,511.90 points to record close of 263,471.94, the JSE Market Index gained 1,377.52 points to finish at record closing high of 240,052.78 and the JSE US dollar market index rose 0.45 points to close at 218.77.
Trading ended with 29 securities changing hands including 2 trading in the US dollar market. At the close, 10 stocks advanced and 7 declined.
Trading levels in the main market ended at 115,967,557 units valued at $1,350,559,147 compared to 4,670,861 units valued at $78,264,470 at the close on Monday. Trading in the US dollar market accounted for 19,645 units valued at US$5,789.
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 8 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 4,295,095 units valued at an average of $50,020,709 compared to an average of 166,816 units with an average value of $2,795,160 on Monday. The average volume for the month to date ended at 538,261 units carrying an average value of $7,554,509 versus 196,730 units an average value $3,693,945 on the prior trading day. The average volume and value for April ended at 382,748 units and $5,254,387.
In market activity, Barita Investments traded 100,000 shares at $7, Berger Paints gained $3.58 to close at a record high of $23.60, with trades of 12,300 shares, Cable and Wireless closed at $1.40, with 381,200 shares changing hands. Carreras added 5 cents to close at $82 after hitting a new intraday high of $84 while exchanging 64,795 shares, Grace Kennedy closed at $42.40, with a loss of 10 cents trading 35,814 units, Jamaica Broilers closed at a record high of $20, gaining $2, trading 49,022 shares, Jamaica Producers closed 40 cents higher at $16.40, with 226,826 shares changing ownership, Jamaica Stock Exchange lost 45 cents to close at $7.05 trading 12,285 shares. JMMB Group lost 50 cents to close at $21, after trading of 27,952 units, Kingston Wharves traded 91 cents higher to close at $31.01, with an exchange of 12,000 units, Mayberry Investments closed at $4.75, with 157,731 shares trading, NCB Financial Group closed at $71.99, after trading 36,196 shares, 1834 Investments lost 1 cent to close at $1.84, with an exchange of 242,270 shares, 138 Student Living closed at $4.49 trading 3,107 shares, PanJam Investment added 5 cents to close at $35.55, with trades of 16,955 shares. Pulse Investments closed at $14, with gains of $1.50 exchanging 11,780 shares, Radio Jamaica closed at $1.70, gaining 5 cents trading 27,400 shares, Sagicor Group traded 90 cents lower to close at $33, with trades of 953,208 shares, Sagicor Real Estate fund closed at $11.19, with gains of 19 cents exchanging 112,260,515 units, Scotia Group was down $2 to close at $42, with 987,439 units changing hands, Scotia Investments closed at $37.85, trading 200 shares, Seprod traded 3,300 shares at $35, Sterling Investments closed at $16.90 with an exchange of 22,584 shares, Supreme Ventures jumped 65 cents and closed at a record high of $7.50 exchanging 25,353 shares. Proven Investments 8.25% preference share gained 3 cents to close at $5.20 with trades of 19,200 units, Margaritaville Turks closed at 34 US cents with 1,845 units traded, Proven Investments closed at 29 US cents trading 17,800 ordinary shares, JMMB 7.5% preference share closed at $1.82, losing 8 cents with an exchange of 178,125 units and JMMB Group 7.5% preference share closed at $1.10, with 100,000 units changing hands, Proven Investments preference share jumped $1 to hit a 52 weeks high of $6.17 while trading 34,200 shares.

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

14 of 20 stocks traded firm on Tuesday

May 16, 2017 by

Ansa MCal traded at a 52 weeks’ high on TTSE.

Securities trading on the Trinidad & Tobago Stock Exchange on Tuesday climbed to 20 compared to 17 on Monday and ended with 14 remaining unchanged in price at the close as the main market index rose moderately.
The market closed with 4 stocks advancing, 2 declining and 14 unchanged as 1,018,095 shares traded at a value of $6,250,438 compared to Monday’s 494,919 shares valued at $3,055,994.
The Composite Index gained 1.84 points to 1,224.11, the All Index advanced 3.91 points to 1,802.67 and the Cross Listed Index lost 0.04 points to close at 86.56. IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| Ansa McAL jumped $1.11 to close at a 52 weeks’ high of $67.50 while exchanging only 17 shares, Clico Investment traded at $22.51, with a 1 cent gain and a mere 131 shares changing hands, Grace Kennedy added 1 cent, closing at $2.80, with an exchange of 550,572 shares valued at $1,530,762 and Sagicor Financial closed at $9.02, gaining 1 cent with trades of 373,000 units valued at $3,360,307.
Losses| National Enterprises traded 3 cents lower to close at $10.50 exchanging 36,889 shares valued at $387,679 and Prestige Holdings closed at $10.81, losing 19 cents with 535 shares changing hands.
Firm Trades| First Citizens traded 128 shares at $32, First Caribbean International closed at $8 exchanging 245 shares, Guardian Holdings exchanged 7,375 shares at $15.75, JMMB Group remained at $1.28 with trades of 11,941 shares. Massy Holdings closed at $51.48 trading 10,148 shares valued at $522,419, National Flour exchanged 1,790 shares at $2.47, NCB Financial Group closed at $3.99, with 492 shares changing owners and Praetorian Property Mutual Fund closed at $3.03, with an exchange of 6,000 units. Republic Financial Holdings traded 250 shares at $101.85, Scotiabank closed at $58 with trades of 100 shares, Scotia Investments closed at $2.70 with 364 shares changing hands. Trinidad Cement traded 8,677 shares at $4.20, Trinidad & Tobago NGL exchanged 9,432 shares at $22 and West Indian Tobacco traded just 9 shares at $126.49.

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

Advancers edge out decliners 5 to 4

May 15, 2017 by

Trading on the Trinidad & Tobago Stock Exchange remained subdued on Monday and resulted in 17 securities changing hands, compared to 13 on Friday. Advancing stocks just edged out declining ones at the close.
The market closed with 5 stocks advancing, 4 declining and 8 unchanged as 494,919 shares traded at a value of $3,055,994 compared to Friday’s 296,692 shares valued at $2,461,941.
The Composite Index added 0.11 points to 1,222.27, the All T&T Index declined 0.54 points to 1,798.76 and the Cross Listed Index gained 0.10 points to close at 86.60.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 3 with lower offers.
Gains| Grace Kennedy gained 2 cents to close at $2.79 trading 7,175 shares, Guardian Holdings advanced 10 cents, closing at $15.75 while exchanging 5,760 shares, JMMB Group added 1 cent, to end at $1.28 with 112,243 shares changing hands, Massy Holdings closed at $51.48, with gains of 3 cents trading 2,496 shares and Unilever Caribbean closed at $53.51, gaining 1 cent exchanging just 36 shares.
Losses| Ansa McAL closed at $66.39, losing 11 cents with a mere exchange of 40 shares, Clico Investment traded at $22.50, losing 1 cent with 5,230 shares changing hands, National Flour Mills lost 1 cent to close at $2.47 trading 210 shares, and Sagicor Financial closed at $9.01, with a loss of 7 cents exchanging 168,291 shares valued at $1,517,184.
Firm Trades| First Citizens traded 2,210 shares at $32, National Enterprises closed at $10.53 exchanging 17,645 shares, NCB Financial Group closed at $3.99, with 123,584 shares valued at $493,100 changing owners, Point Lisas exchanged 20,000 shares at $3.88. Republic Financial Holdings traded only 17 shares at $101.85, Scotiabank closed at $58, with 932 shares changing hands, Trinidad & Tobago NGL exchanged 1,610 shares at $22 and Trinidad Cement traded 27,440 shares at $4.20.

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New record close for JSE – Monday

May 15, 2017 by

Carreras climbed to a 52 weeks’ high of $81.95.

The main market of the Jamaica Stock Exchange closed a record high on Monday following record close on Friday. The All Jamaica Composite Index advanced 213.39 points to close at a record 261,960.04 the JSE Market Index gained 194.42 points to finish at new record of 238,675.26 and the JSE US dollar market index lost 0.45 points to close at 218.32.
Trading levels in the main market ended at 4,670,861 units valued at $78,264,470 compared to 4,918,036 units valued at $117,841,841 at the close on Friday. Trading in the US dollar market accounted for 10,855 units valued at US$4,017. At the close, 28 securities changed hands in the main market and 3 in the US dollar market as 15 stocks advanced and 8 declined including 4 that traded at 52 weeks’ high during the day.
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 12 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 166,816 units valued at $2,795,160 for each security traded, compared to an average of 223,547 units valued at $ $5,356,447 on Friday. The average volume for the month to date ended at 196,730 units with an average value of $3,693,945 versus 199,722 units with an average value of $3,783,824 on the prior trading day. The average volume and value for April ended at 382,748 units with an average value of $5,254,387.
In market activity, Barita Investments traded 1,000 shares at $7, Berger Paints gained 2 cents to close at record high of $20.02, with trades of 500 shares, Cable and Wireless closed at $1.40, gaining 10 cents with 1597,672 shares changing hands, and Caribbean Cement closed at $29, with a loss of $1 trading 1,600 units. Carreras gained $1.95 to close at a 52 weeks’ high of $81.95 exchanging 13,000 shares, Grace Kennedy jumped $1.15 and closed at $42.50, trading 39,050 units, Jamaica Broilers closed at $18, gaining 49 cents with 233,299 shares trading, Jamaica Producers closed $1.19 lower to $16, with 159,742 shares changing owners, Jamaica Stock Exchange lost 50 cents to close at $7.50 trading 215,846 shares. JMMB Group closed at $21.50, after rising $1.50 with 22,430 units changing hands, Kingston Wharves traded 10 cents higher to close at $30.10, with an exchange of 1,750 units, Mayberry Investments closed at $4.75, gaining 5 cents with 101,000 shares changing owners, NCB Financial Group closed at $71.99, with gains of 74 cents after trading 49,561 shares, 1834 Investments traded 11 cents higher to close at $1.85, with an exchange of 1,785,370 shares, 138 Student Living lost 1 cent to close at $4.49 trading 4,593 shares, PanJam Investment closed 49 cents higher to $35.50, with 523,242 shares trading. Portland JSX lost 30 cents, closing at $10.30 with an exchange of 584 shares, Pulse Investments closed at $12.50, with a loss of $1.30 exchanging 39,013 shares, after trading at an intraday high of $14.50, Radio Jamaica closed at $1.65, losing 10 cents trading 78,685 shares, Sagicor Group gained 20 cents to close at $33.90, trading of 658,471 shares, Sagicor Real Estate fund closed at $11 exchanging 36,714 units, Scotia Group gained $1 to close at $44, with 357,959 units changing hands, Scotia Investments closed at $37.85, with trades of 801 shares, Seprod traded 23,218 shares at $35, Sterling Investments lost 11 cents to close at $16.90 with an exchange of 9,236 shares, Supreme Ventures closed at a record high of $7.50, with gains of $1.11 exchanging 71,624 shares. Proven Investments closed at 28.1 US cents trading 8,755 ordinary shares, Margaritaville Turks closed at 34 US cents with 1,100 units traded, JMMB Group 6% US preference share closed at US$1.11 with trades of 1,000 units, JMMB 7.5% preference share closed at $1.90, with an exchange of 8,046 units and JMMB Group 7.5% preference share closed at $1.10, gaining 3 cents with 74,855 units changing hands.

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

Flash Back TOP 5

May 14, 2017 by

Berger Paints is one of IC Insider’s TOP 5 best performers from the initial list & exceeded the price target.

IC Insider.com first published its TOP 5 stocks, for the week ending September 9 last year. Looking back, the first set of selection is revealing.
There has been no losers in the list, 6 have more than doubled and two nearly doubled, that is a near 80 percent of strong performances. The Junior Market index is up 43 percent over the period and the All Jamaica Composite is up 29 percent for main market stocks.
First the disappointments, Grace Kennedy has hardly moved from where it entered at $41.45 while Caribbean Cement keeps on dancing up and down as the company’s management fails to properly communicate with investors as to the company’s performance, both past and future, the stock is up from the $26 but just. AMG Packaging while trading higher than the $19.20 it entered the list at, has not done much based on its underperforming profitability. The same cannot be said about Berger Paints, up from $5 to $20 on Friday, helped by strong profit increase. NCB Financial has almost doubled and still has much more room for growth. Barita Investments and JMMB Group have more than doubled in price over the period. Medical Disposables have moved to $6.50 and traded higher up from $3.55, Jetcon is up from $3.50 to $15.74, exceeding by far the $10 price tag projected, Paramount was projected to get to $37 based on the number of shares then issued, the price exceeded that level after the stock split 10 for 1, and sits just below the equivalent of $37, currently. Access Financial has more than doubled and came close recently to the IC Insider.com’s target of $48, having traded at $47.

Filed Under: Buy Rated Tagged With: , , , , , , , , , ,

Jamaican stocks at record high – Friday

May 12, 2017 by

Berger Paints hits new high on Friday.

The main market of the Jamaica Stock Exchange closed on Friday at record high with the indices climbing close to 1,000 points and betters the record high reached on Thursday. A total of 22 securities changed hands in the main market with 2 trading in the US dollar market. At the close, 10 stocks advanced and 9 declined.
Trading levels in the main market ended at 4,918,036 units valued at $117,841,841 compared to 3,535,180 units valued at $98,920,695 at the close on Thursday. Trading in the US dollar market accounted for 16,372 units valued at US$4,761.
The All Jamaica Composite Index advanced 846.50 points to close at 261,746.65 the JSE Market Index gained 771.26 points to finish at 238,480.84 and the JSE US dollar market index rose 6.16 points to close at 218.77.
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 9 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 223,547 units valued at $5,356,447 for each security traded, compared to an average of 160,690 units valued at $963,539 on Friday. The average volume for the month to date ended at 199,722 units with an average value of $3,783,824 versus 197,074 units with an average value of $3,609,088 on the prior trading day. The average volume and value for April ended at 382,748 units and $5,254,387.
In market activity, Barita Investments traded 125,511 shares at $7, Berger Paints surged $3 to end at a closing high of $20, with an exchange of 32,864 shares, Cable and Wireless closed at $1.30, losing 10 cents with 267,306 shares changing hands, and Caribbean Cement closed at $30 trading 4,577 units. Grace Kennedy closed at $41.35, with a loss of $1.45 exchanging 1,002,700 units, Jamaica Broilers traded at a new high of $18 but closed at $17.51, after recording a gain of 31 cents with 416,493 shares changing hands, Jamaica Producers closed 99 cents higher to $17.49, with 5,974 shares changing ownership, Jamaica Stock Exchange put on 50 cents to close at $8 trading 15,523 shares. JMMB Group closed at $20, after losing $2 with 68,971 units passing through the market, Kingston Wharves traded 9,337 units at $30, NCB Financial Group closed at $71.25, with a loss of 75 cents after trading 95,793 shares, 1834 Investments lost 1 cent to close at $1.74, with an exchange of 1,141,499 shares, PanJam Investment closed 59 cents lower at $35.01, with 545,610 shares changing hands. Pulse Investments gained $1.80 to close at an all-time high of $13.80, exchanging 47,819 shares, Radio Jamaica closed at $1.75, gaining 5 cents trading 2,100 shares, Sagicor Group closed at $33.70, gaining 30 cents with 337,874 shares trading, Sagicor Real Estate Fund closed at $11 exchanging 60,209 units, Scotia Group lost 50 cents to close at $43, with 377,024 units changing hands, Scotia Investments closed at $37.85, losing 60 cents with trades of 2,257 shares, Supreme Ventures closed at $6.39 exchanging 149,641 shares, Proven Investments traded 16,100 ordinary shares at 29 US cents, Margaritaville Turks gained 0.08 US cents to close at 34 US cents with 272 units traded, JPS 9.5% preference share closed at $1,325, with gains of $78 exchanging 4,954 units and JMMB Group 7.5% preference share closed at $1.07, losing 3 cents with 204,000 units changing hands.

 

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

Record close for JSE stocks – Wednesday

May 10, 2017 by

All Jamaica Index looking to 275,000 before being challenged by upward sloping resistance line.

The main market of the Jamaica Stock Exchange ended trading with a record close after the All Jamaica composite Index surged more than 3,200 points and the JSE Market Index ended just under 3,000 points higher.
The main market hit new high early in the morning session and kept on moving higher as trading progressed and hit 260,625.67 points at 11.30 after adding 3,317.30 points, the JSE Market Index rose 3,022 .44 to 237,459.51 while the combined Index jumped 2,631.98 points to 253,640.67, before settling slightly lower by the close.
The market closed on Wednesday with 22 securities changing hands with 1 trading in the US dollar market. At the close, 12 stocks advanced and 3 declined.
Trading levels in the main market ended at 6,346,217 units valued at $82,133,615 compared to 5,201,072 units valued at $124,919,823 at the close on Tuesday. Trading in the US dollar market accounted for 73,139 units valued at US$21,210.
The All Jamaica Composite Index advanced 3,252.77 points to close at 260,561.14 the JSE Market Index gained 2,963.64 points to finish at 237,400.71 and the JSE US dollar market index lost 6.38 points to close at 212.61.
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 8 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 288,464 units valued at an average of $3,733,346 compared to an average of 192,632 units and $4,626,660 on Tuesday. The average volume for the month to date ended at 201,622 units with an average value of $3,939,782 versus 204,192 units and $4,136,602 on the prior trading. The average volume and value for April ended at 382,748 units and $5,254,387.
In market activity, Berger Paints traded of 11,291 shares gained 19 cents, in at closing at $16.71 after trading at an intraday high of $20, Cable and Wireless closed at $1.40, gaining 6 cents with 2,064,744 shares changing hands, Caribbean Cement traded $4 higher to close at $32 exchanging 16,000 units. Carreras gained $1 and closed at $77, in trading 7,251 shares, Grace Kennedy closed at $41.86, with gains of 36 cents while exchanging 778,096 units, Jamaica Broilers closed at $17.75, with 10,812 units changing hands, Jamaica Producers closed 20 cents higher to $17.20, with 63,388 shares changing ownership, Jamaica Stock Exchange closed at $7.50, but lost 50 cents trading 4,000 shares. JMMB Group closed at $21.36, after losing 29 cents with trades of 14,937 units, Kingston Properties exchanged 243 shares at $16.60, Mayberry Investments closed at $5.30 with an exchange of 181,092 shares, NCB Financial Group gained 1 cent to close at $72, after exchanging 46,216 shares, 1834 Investments closed at $1.55, with gains of 20 cents trading a mere 100 shares, PanJam Investment closed 75 cents higher to $35 exchanging 38,166 shares. Radio Jamaica closed at $1.67 trading 200 shares, Sagicor Group closed at $33.90, gaining 40 cents with trades of 547,328 shares, Sagicor Real Estate fund gained 65 cents to close at $11 exchanging 79,281 units, Salada traded 122,816 shares at $8, Scotia Group lost 2 cents to close at $43.48, with 16,571 units changing hands, Scotia Investments closed at $37.50, with trades of 60,000 shares, Supreme Ventures gained 1 cent to close at $6.39 exchanging 2,283,585 shares at $6.39, Proven Investments lost 0.01 US cents, closing at 29 US cents trading 73,139 ordinary shares and JMMB Group 7.5% preference share closed at $1.10, gaining 5 cents with 100 units changing hands.

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

JSE majors slipped slightly on Monday

May 8, 2017 by

Trading in the main market of the Jamaica Stock Exchange closed on Monday with 26 securities changing hands with 1 trading in the US dollar market. At the close, 10 stocks advanced and 8 declined with the main market ending in 2,884,030 units valued at $64,356,186 trading compared to 4,838,789 units valued at $105,278,278 at the close on Wednesday.
Trading in the US dollar market accounted for only 1,502 units valued at US$450. The All Jamaica Composite Index declined 144.74 points to close at 257,591.70, the JSE Market Index fell 131.87 points to finish at 234,695.22 and the JSE US dollar market index closed unchanged at 218.99 points.
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 9 stocks with bids higher than their last selling prices and 1 with a lower offer.
The main market ended trading with an average of 110,924 units valued at $2,475,238 per security traded, compared to an average of 256,060 units valued at $2,718,995 on Friday.  The average volume for the month to date ended at 188,647 units with an average value of $3,859,708 versus 204,192 units with an average value of $4,136,602 on the prior trading day. The average volume and value for April ended at 382,748 units with an average value of $5,254,387.
In market activity, Berger Paints lost 5 cents to close at $16.85, in trading of 17,380 shares, Cable and Wireless closed at $1.34, with 353,181 shares changing hands, Caribbean Cement traded $1 higher to close at $29 with an exchange of 13,220 units, Carreras closed at $77 exchanging 57,323 shares, Grace Kennedy closed at $42.50, after gaining 25 cents and trading 800,378 units. Jamaica Broilers closed at $17.50, with gains of 50 cents trading 64,249 shares, Jamaica Producers closed $1 lower to $17.60 exchanging 223,675 shares and Jamaica Stock Exchange closed at $7.75, with a loss of 25 cents, trading 12,138 shares, JMMB Group closed at $21.25, losing 25 cents with trades of 11,790 units, Kingston Wharves traded 90 cents lower to close at $30, with 11,511 shares changing hands. Mayberry Investments gained 5 cents to close at $4.55 with an exchange of 78,234 shares, NCB Financial Group closed at $71, after exchanging 143,410 shares, 1834 Investments gained 6 cents to close at $1.50, trading 4,300 shares, 138 Student Living traded 100 units at $4.50, PanJam Investment closed 19 cents higher to $35.20, in exchanging 7,317 shares, Portland JSX Fund closed at $10.60 trading 800 units. Pulse Investments closed trading at $9.10 in gaining $1.05 with 113,536 shares swapping owners, Radio Jamaica gained 2 cents and closed at $1.67, with 43,300 shares, Sagicor Group closed at $33.50, to record a gain of 45 cents in trading 29,153 shares, Sagicor Real Estate Fund gained 5 cents to close at $10.35 while exchanging 8,200 units, coffee processors, Salada Foods traded 2,700 units at $8, Scotia Group closed 50 cents lower at $43, with 29,579 units changing hands, Seprod shed $3.50 to close at $36, trading 15,860 shares Sterling Investments lost 1 cent to close at $17 with an exchange of 500 units, Supreme Ventures closed at $6.38, with trades of 678,489 shares and Proven Investments exchanged 1,502 ordinary shares at 30 US cents.

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