Record close for JSE stocks – Friday

The JSE Combined index closes at a new all-time high on Friday.

The JSE Combined index closes at a new all-time high on Friday.

The Jamaica Stock Exchange all Jamaica Composite and the JSE Index failed to hold on to the record high hit during the morning session and fell back to close just over 500 points short of the record reached in February. The JSE Combined index hit a new closing record, bettering the level that it closed at on Thursday.
Trading ended with the prices of 14 securities gaining out of a total of 40 trading, while 14 declined in the overall market, including 7 stocks rising and 8 falling, in the junior market.
At the close 43,448,695 units valued at $912,734,040, changed hands, compared to the 3,849,357 units valued at $41,532,118 changing hands on Thursday. The junior market accounted for 3,440,359 units valued at $12,272,247 of the stocks traded.
At the close, the JSE Market Index climbed 427.61 points to end at 164,482.25. The all Jamaica Composite Index rose 478.22 points to close at 182,782.97 and the JSE combined index climbed 560.98 points, to end at 177,090.44 for a new record high.
ICI JSE sum 30-09-16In the morning session the markets traded in record territory with the all Jamaica Composite Index jumping 1,572.36 points to 183,877.11, the Jamaica Stock Exchange Market Index climbed 1,405.97 points to 165,460.61, the Jamaica Stock Exchange combined index surged 1,660.01 points to 178,189.47 and the junior market index rose 34.67 points to 2,408.56.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 20 stocks with bids higher than their last selling prices and 3 with lower offers.In market activity, Barita Investments traded 6,740 shares to close at $4.20, Berger Paints rose 35 cents and closed at a 52 weeks’ high of $5.50 with 1,415 units changing hands, Cable & Wireless fell 2 cents and closed at 87 cents with 434,690 units changing hands, Caribbean Cement lost 1 cent in trading 18,700 shares to close at $30. Carreras exchanged 3,180 shares at $65.85, trading in 1834 Investments ended with 20,000 shares changing hands, 2 cents lower at $1.22, Grace Kennedy closed with 14,368 shares changing hands at $42.50, Jamaica Stock Exchange ended with a loss of $1 at $27 with 80,570 units trading.ICI JSE fn qt 30-09-16 JMMB Group jumped $1.50 in trading 139,118 units to close at $13, National Commercial Bank (NCB) traded 1,951,691 shares and gained 50 cents to end at $41.50, supply for NCB is drying up with only 97,550 on offer between $42 and $47 including 72,835 units at $45.50, Pan Jamaican Investments closed at $23.50 after trading 2,549,213 shares. Sagicor Group gained 1 cent in trading 28,272,885 shares to close at $23.81 and left just one sell order amounting to 2,000 shares at $25, in the market. The lack of supply for Sagicor could be a big signal of an upward movement for the stock, Sagicor Real Estate Fund rose 5 cents in trading 5,603,612 shares to close with at $10.25, Scotia Group lost 50 cents and closed at $31.50 with 890,433 shares changing hands and Seprod traded 1,258 shares to end at $22.

Jamaican stocks at all-time high – Thursday

Stocks Stocks on the main market of the Jamaica Stock Exchange rose with sizable gains at the close of trading on Thursday. Prices in the overall closed at a new record high, as the JSE combined index surged to a new high for 2016 as advancing stocks overpowered declining ones 3 to 1.
Trading ended with the prices of 13 securities gaining out of a total of 29 trading, while 4 declined in the overall market, including 3 stocks rising and 5 falling, in the junior market.
At the close 3,849,357 units valued at $41,532,118, changed hands, compared to the 3,098,446 units valued at $40,569,011 changing hands on Wednesday. The junior market accounted for 759,344 units valued at $3,870,697 of the stocks traded.
ICI JSE sum 29-09-16At the close, the JSE Market Index climbed 943.55 points to end at 164,054.64. The all Jamaica Composite Index rose 1,055.21 points to close at 182,304.75 and the JSE combined index climbed 952.95 points, to end at 176,529.46 for a new record high, surpassing the record reached in February.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading show a sharp rise to 22 stocks with bids higher than their last selling prices and 6 with lower offers.
In market activity, Berger Paints closed at $5.15 with 1,019 units changing hands, Cable & Wireless fell 1 cent and closed at 89 cents with 95,807 units changing hands, Caribbean Cement rose 81 cents in trading 2,000 shares to close at $29.20, Carreras exchanged 8,597 shares at $65.85. Trading in 1834 Investments ended with 43,451 shares changing hands 2 cents higher at $1.24, Grace Kennedy closed with 2,265 shares changing hands at $42.50, ICI JSE fn qt 29-09-16Jamaica Broilers had 19,210 shares changing hands to end at $14.60 after rising 5 cents, Jamaica Producers closed at $8.40 with 1,349 units trading. Jamaica Stock Exchange ended at $28 with 7,839 units trading, JMMB Group climbed 60 cents in trading 1,239,331 units to close at $11.50, Sagicor Group declined by 20 cents in trading 391,564 shares to close at $23.80, Sagicor Real Estate Fund traded 114,328 shares to close with at $10.20. Scotia Group climbed $1.70 and closed at $32 with 10,731 shares changing hands, Seprod rose 10 cents in trading 129,305 shares to end at $22, Supreme Ventures rose 5 cents to close at $4.65 with 12,000 shares. Proven Investments traded 9,700 ordinary shares to close at 20 US cents after gaining 1.5 cents.

JSE majors jump on Wednesday

JSE mm Index Stocks on the main market of the Jamaica Stock Exchange rose with sizable gains at the close of trading on Wednesday with four digit gains in the main indices as over advancing stocks gained the upper hand at the close.
Trading ended with the prices of 13 securities gained out of a total of 41 trading, while 9 declined in the overall market, including 3 stocks rising and 5 falling, in the junior market.

At the close 3,098,446 units valued at $40,569,011, changed hands, compared to the 3,375,381 units valued at $114,125,679 changing hands on Tuesday. The junior market accounted for 759,344 units valued at $3,870,697 of the stocks traded.
ICI JSE sum 28-09-16At the close, the JSE Market Index garnered 1,178.43 points to end at 163,111.09. The all Jamaica Composite Index rose 1,317.90 points to close at 181,249.54 and the JSE combined index climbed 1,138.30 points, to end at 175,576.51.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 15 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Berger Paints gained 4 cents to close at $5.15 with 500 units changing hands, Cable & Wireless closed at 90 with 197,033 units changing hands, Caribbean Cement dropped 30 cents in trading 33,165 shares to close at $29.20, Carreras exchanged 46,014 shares at $65.85 to gain 85 cents. 1834 Investments traded 207,766 shares at $1.22, Grace Kennedy rose 50 cents and closed with 152,808 shares changing hands at $42.50, Jamaica Broilers had 19,108 shares changing hands to end at $14.55, Jamaica Producers closed at $8.40 with 41,793 units trading. Jamaica Stock Exchange ended at $28 with 3,600 units trading, JMMB Group traded 32,634 units to close at $10.90, ICI JSE fn qt 28-09-16Margaritaville Turks traded 120,000 shares to close at 23.5 US cents after gaining 0.50 cent, Mayberry Investments traded 28,428 but fell 15 cents in closing at $3.70, National Commercial Bank rose 80 cents to $41 with 15,162 shares changing hands. Pan Jamaican Investment traded 84,575 shares to close $23.50 after rising 19 cents, Sagicor Group rose 30 cents in trading 220,817 shares to close at $24, Sagicor Real Estate Fund traded 8,000 shares to close with at $10.20, Scotia Group climbed $1.30 and closed at $30.30 with 10,100 shares changing hands. Scotia Investments closed at $26 with 8,800 shares changing hands, Supreme Ventures lost 20 cents to close at $4.60 with 22,100 shares. Proven Investments traded 468,600 ordinary shares to close at 18.5 US cents after declining by 0.49 cents, JMMB Group 7.50% preference share traded 100,000 units at $1.10 and Jamaica Money Market Brokers 7.50% preference share traded 482,849 units at $2.13.

Trading picks up on TTSE – Wednesday

stocks Trading activity picks up on the Trinidad and Tobago stock market improved on Wednesday over the levels of trading on Tuesday. Market activity resulted in only 204,982 shares valued at $2,918,765 changing hands compared to 30,059 shares valued at $790,965 on Tuesday.
The market closed with modest movements in the indices and ended with 4 stocks gaining, 3 declining and 5 remaining unchanged as 12 securities traded.
The Composite Index rose 1.06 points to close at 1,156.21, the All T&T Index gained 1.10 points to close at 1,816.95 and the Cross Listed Index inched up 0.14 to 65.97 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 8 stocks with bids higher than their last selling prices and 2 with offers that were lower.
Gains| Ansa McAl rose 1 cent in trading 5,000 units to end at $62.71, National Commercial Bank ended with 32,432 shares changing hands to close at $2.60, with a gain of 2 cents, National Flour rose 2 cents and ended with 10,000 shares changing hands at $2.55 and Unilever Caribbean gained $2 with 1,328 shares trading at $60.
TTSE sum 28-9-16 Losses| Ansa Merchant Bank lost 5 cents in trading 556 units to end at $40, Calypso Macro Index Fund dropped $1 while trading 17,592 units at a 52 weeks’ low of $22 and Republic Financial Holdings fell 1 cent and ended with 5,000 shares changing hands at $109.99.
Firm Trades| Clico Investment Fund closed with 54,913 shares changing hands at $22.60, Grace Kennedy ended with 1,321 shares to close at $2.55, JMMB Group trading at and ended with 70,144 shares changing hands at 61 cents, Scotiabank closed with 336 shares at $58 and Trinidad and Tobago NGL closed at $23.65 with 6,000 units changing hands.

JSE majors retreat on Tuesday

Scotia Group dropped by $1 on the JSE on Tuesday.

Scotia Group dropped by $1 on the JSE on Tuesday.

Stocks on the main market of the Jamaica Stock Exchange mostly declined at the close of trading on Tuesday with four digit losses in the main indices as declining stocks inched over advancing stocks.
At the close of the market, prices of 12 securities gained out of a total of 38 trading, while 15 declined in the overall market, including 7 stocks rising and 4 falling, in the junior market.
Caribbean Cement was the star performer with a dive of $4.40 to close at $29.50 during the day and closed with 67,176 shares changing hands while Carreras exchanged 1,349,963 shares at $65 with a loss of 25 cents.
At the close 3,375,381 units valued at $114,125,679, changed hands, compared to the 3,502,355 units valued at $25,804,167 changing hands on Monday. The junior market accounted for 494,666 units valued at $2,264,166 of the stocks traded.
ICI JSE sum 27-09-16The market index ended with sizable losses, with the JSE Market Index all Jamaica Composite Index dropping 1,595.99 points to close at 179,931.64 and the JSE combined index falling 1,108.42 points, to end at 174,438.21.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 14 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Cable & Wireless fell 5 cents and closed at 90 with 42,413 units changing hands. Grace Kennedy fell 50 cents and closed with 16,908 shares changing hands at $42, Jamaica Broilers had just 2,130 shares changing hands and dropped 95 cents to end at $14.55. Jamaica Stock Exchange ended at $28 with 14,727 units trading, JMMB Group traded 4,808 units and rose 60 cents to close at $10.90, ICI JSE fn qt 27-09-16Margaritaville Turks traded 48,100 shares to close at 23 US cents after easing by 1 cent, National Commercial Bank fell 5 cents to $40.20 with 19,860 shares changing hands. Pan Jamaican Investment traded 19,860 shares to close $23.31 after falling 68 cents, 138 Student Living ordinary share traded at $4.80 while with 512,500 shares changing hands, Portland JSX closed at $11 after trading 24,700 shares, Radio Jamaica traded 95,519 shares and lost 9 cents to land at $1.31. Sagicor Group rose 19 cents in trading 602,900 shares to close at $23.51, Sagicor Real Estate Fund traded 49,223 shares to close with at $10.20, Scotia Group lost $1 and closed at $29 with 40,289 shares changing hands and Supreme Ventures lost 5 cents to close at $4.80 with 14,000 shares

Dive in TTSE trading – Tuesday

TTSE build Trading activity on the Trinidad and Tobago stock market on Tuesday ended well down on the levels of trading Monday with just 30,000 units. The value of stocks traded dropped sharply against Monday’s level.
The market closed with marginal movements in the indices and ended with 4 stocks gaining, 1 declining and 6 remaining unchanged as 11 securities traded.
Market activity resulted in only 30,059 shares valued at $790,965 changing hands 1,213,787 shares valued at $5,684,628 on Monday.
The Composite Index rose 0.16 points to close at 1,155.15, the All T&T Index gained 0.25 points to close at 1,815.85 and the Cross Listed Index inched up 0.01 to 65.83 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 8 stocks with bids higher than their last selling prices and 2 with offers that were lower.
Gains| Ansa Merchant Bank gained 4 cents in trading 100 units to end at a 52 weeks’ high of $40.05, Republic Financial Holdings rose 1 cent and ended with 1,419 shares changing hands at $110. Sagicor Financial Corporation closed with 2,000 shares changing hands and gained 21 cents to close at $6.89 and Trinidad TTSE sum 27-9-16and Tobago NGL rose 10 cents and closed at $23.65 with 8,236 units changing hands.
Losses| Massy Holdings traded 145 shares and lost 2 cents to close at $54.68.
Firm Trades| First Citizens Bank traded 10,198 shares for a value of $356,930 to end at $35, Grace Kennedy ended with 195 shares trading at $2.55, Guardian Holdings ended with 2,893 shares changing hands at $12.80, JMMB Group ended with 480 shares changing hands at 61 cents. Point Lisas had 4,318 shares changing hands at $3.60 and Scotiabank closed with 75 shares to end at $58.

Heavy trading in NCB on TTSE – Monday

 NCB traded the most shares on TTSE on Monday.

NCB traded the most shares on TTSE on Monday.

Trading activity on the Trinidad and Tobago stock market on Monday ended with Jamaican stocks in the spotlight leading to increased volume traded. The value of stocks traded climbed sharply over Friday’s level.
The market closed with marginal movements in the indices and ended with 3 stocks gaining, 3 declining and 4 remaining unchanged as 10 securities traded.
Market activity resulted in 1,213,787 shares valued at $5,684,628 changing hands 193,372 shares valued at $8,465,016 on Friday.
The Composite Index fell 0.85 points to close at 1,154.99, the All T&T Index gained 0.02 points to close at 1,815.60 and the Cross Listed Index slipped 0.24 to 65.82 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 7 stocks with bids higher than their last selling prices and 2 with offers that were lower.
Gains| National Flour ended with 200 shares changing hands to close at $2.53, Sagicor Financial Corporation closed with 14,357 shares changing hands and gained 21 cents to $6.89 and Trinidad and Tobago NGL rose 3 cents closed at $23.55 with 4,100 units changing hands.
TTSE sum 26-9-16 Losses| National Commercial Bank led trading with 853,222 shares changing hands for a value of $2,200,415 and lost 6 cents to close at $2.58, One Caribbean Media lost 1 cent and closed at 52 weeks’ low of $20.69 with 10,000 shares changing hands and Massy Holdings traded 40 shares and lost 3 cents to close at $54.70.
Firm Trades| Agostini’s traded 254,077 shares valued at $4,395,532, to end at $17.30 Clico Investment Fund traded 64,325 units valued at $1,453,745 to close at $22.60, Grace Kennedy ended with 1,060 shares and JMMB Group trading at $2.55 and ended with 12,406 shares changing hands at 61 cents.

JSE resumes rally – Monday

Carib Cement jumped $3.90 to end at $33.90 on Monday.

Carib Cement jumped $3.90 to end at $33.90 on Monday.

Stocks on the main market of the Jamaica Stock Exchange mostly rose at the close of trading on Monday with four digit gains in the main indices as advancing stocks surged well over declining stocks more than 2 to 1.
At the close of the market, prices of 19 securities gained out of a total of 40 trading, while 8 declined in the overall market, including 7 stocks rising and 5 falling, in the junior market.
Caribbean Cement was the star performer with a jump of $3.90 to close at $33.90 during the day, but closed with 19,780 shares traded and JPSCo 7% preference share traded at a new high of 45 cents with a gain of 4 cents with just 1,278 shares changing hands.
At the close 3,502,355 units valued at $25,804,167, changed hands, compared to the 3,969,447 units valued at $48,456,543 changing hands on Tuesday. The junior market accounted for 1,873,272 units valued at $10,709,100 of the stocks traded.
ICI JSE sum 26-09-16The market index ended with moderate losses, the JSE Market Index rose 1,135.08 points to end at 163,359.75. The all Jamaica Composite Index climbed 1,269.42 points to close at 181,527.63 and the JSE combined index gained 1,119.65 points, to end at 175,546.63.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 15 stocks with bids higher than their last selling prices and 1 with a lower offer.
In market activity, Barita Investments traded 17,844 shares and rose 40 cents to close at $4.05, Berger Paints gained 1 cent to close at $5.11 with 13,263 units changing hands, Cable & Wireless closed at 95 with 14,700 units changing hands. Carreras exchanged 11,114 shares at $65.25 with a loss of 25 cents, Grace Kennedy closed with 6,564 shares changing hands at $42.50, Jamaica Broilers had 38,501 shares changing hands and gained 50 cents to end at $15.50. Jamaica Producers ended at $8.40 with 1,600 units trading,ICI JSE fn qt 26-09-16 JMMB Group traded 9,754 units and rose 30 cents to close at $10.30, Margaritaville Turks traded 31,000 shares to close at a 52 weeks’ high of 24 US cents after rising by 2 cents, National Commercial Bank rose 14 cents to $40.25 with just 800 shares changing hands. Portland JSX closed at $11 after trading 8,400 shares. Radio Jamaica traded 13,572 shares and lost 3 cents to land at $1.40, Sagicor Group rose 1 cent in trading 90,934 shares to close at $23.51, Sagicor Real Estate Fund traded 49,223 shares to close with at $10.20, Scotia Group closed at $30 with 7,620 shares changing hands. Proven Investments traded 238,280 shares to close at 19.99 US cent and JMMB Group 7.50% preference share traded 500,000 units at $1.10.

RJR & General Accident in Top 5

JM indxPrices on the Jamaica Stock Exchange are on the move again as the last quarter of the year approaches. As prices rise so does the PE ratio. The top PE in the main market is at 17 while in the junior market is around 18.
Charts of both markets show them in a bullish state, with the markets hitting higher lows and higher highs, a strong indication that they will be moving higher. More than 50 percent of main and junior market stocks are priced below the markets average PE of 9.5 and 10.4 respectively.
Against this background, IC Insider’s Top 5 selection has one new listing in the main and junior market list as Grace Kennedy and Jetcon Corporation are replace by Radio Jamaica and General Accident in position 5 and 4 respectively. Jetcon hit new highs during the week and closed at $4.70 up from $4.35 at the start of the week. Radio Jamaica earnings have been upgraded to 25 cents per share with increased revenues and cost cutting. General Accident is not without risk but earnings for 2016 are up 155 percent against a battered first half of 2015 and 2016 should better the 31 cents earned for the 2015 financial year.
AMG Packaging remains at the top of the junior market list even as the price moved up while JMMB Group is atop the main market with Caribbean Cement drops to 4th with a rise of $4 during the week. Investors attempted to trade Carib Cement at $34 but market breaker stop it from standing the stock which closed at $30 traded as high as $32. There are just six offers in the market starting at $34 and worth keeping an eye on this one for more gains this week. Barita Investments traded up to $4 during the past week and could well end back at this level during the days ahead as supply declines and demand increases.
Top 5 stks 24-9-16Watch these stocks for action this week – Access Financial Services with the bid at $18.50 with no stock on offer, Blue Power with a wide gap between bid and offer, Cargo Handlers with the bid moving away from the last sale price of $86.10 with the offer at $100. Caribbean Cream with increasing demand, Caribbean Producers gaining support after poor full year results, Derrimon Trading and General Accident with bids getting stronger, Jetcon Corporation with supply and increasing interest, Medical Disposables and tTech with supplies.
From the main market the main action could come from the following, Barita Investments, Caribbean Cement, Jamaica Stock Exchange, JMMB Group, Radio Jamaica, Sagicor Group, Scotia Group, Seprod and Sterling Investments.

3 up 5 down for TTSE stocks on Friday

Angostura Holdings jumped 45 cents to a 52 weeks' high on Friday.

Angostura Holdings jumped 45 cents to a 52 weeks’ high on Friday.

Trading activity on the Trinidad and Tobago stock market on Friday ended with more gains in the indices with less volume but with a slightly higher value than on Thursday. The market closed with marginal movements in the market indices and ended with 3 stocks gaining, 5 declining well up on the one that fell on Thursday and 8 remaining unchanged as 16 securities traded.
Market activity resulted in 193,372 shares valued at $5,684,628 changing hands 120,506 shares valued at $5,056,978 on Thursday.
The Composite Index inched up 0.92 points to close at 1,155.84, the All T&T Index gained 1.84 points to close at 1,815.58 and the Cross Listed Index remained at 66.06 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 8 stocks with bids higher than their last selling prices and 3 with offers that were lower.
Gains| Angostura Holdings jumped 45 cents with 5,000 shares, changing hands to close at a 52 weeks’ closing high of $14.50, National Enterprises gained 1 cent and closed with just 280 shares changing hands at $10.01 and West Indian Tobacco gained 2 cents trading 10,000 shares valued at $1,270,200, to close at a 52 weeks’ high of $127.02.
Losses| Ansa Merchant Bank lost 1 cent in trading 600 units to end at $40.01, Calypso Macro Index Fund dipped 25 cents while trading 423 units at 52 weeks’ low of $23, One Caribbean Media lost 5 cents and closed at 52 weeks’ low of $20.70 with 101,700 shares for a value of $2,104,772 changing hands, Republic Financial Holdings lost 1 cent and ended with 500 shares changing hands at $109.99 and Trinidad Cement lost 2 cents and closed at $3.10 with 1,250 shares changing hands.
TTSE sum 23-9-16 Firm Trades| Ansa McAl traded 12,500 units with a value of $783,750 at $62.70, Clico Investment Fund traded 18,400 units valued at $415,840 to close at $22.60, Grace Kennedy ended with 9,008 shares trading at $2.55. Guardian Holdings ended with 6,799 shares changing hands at $12.80, , National Flour ended with 2,066 shares changing hands to close at $2.52, Prestige Holdings traded 2,110 shares at $11, Scotiabank closed with 7,802 shares valued at $452,516 to end at $58 and Trinidad and Tobago NGL closed at $23.52 with 14,934 units with a value of $351,236 changing hands.