JSE records huge gain on Wednesday

October 14, 2015 by

D&G gained $10.77 to push JSE index with all-time record gain

D&G gained $10.77 to push JSE index with all-time record gain

The Jamaica stock exchange closed trading on Wednesday with a record gain of 9,714.07 points on the JSE All Jamaican Composite index to 127,268.87 as Desnoes and Geddes share shot up by $10.77, to end at a record $25.80 with 61,276 unitss trading. The previous one day record increase, was on Friday October 9, with a 7,697.11 point gain.
The stock exchange main market is now 11,648.72 points or 8 percent away from the record close of 138,917.59 reached on 24th of January 2005. A total of 23 stocks rose, with 3 declining as 36 securities, totalling 11,897,638 units valued at $70,427,255 changing hands, in all market segments. 1 junior market and 2 main market stocks ending at new 52 weeks’ closing highs, 1 trading at a 52 weeks’ intraday high and one closed at an all-time low. The JSE Market Index shot up by 8,692.24 points to 114,815.31, and the JSE combined index jumped 7,728.74 points to end at 119,161.07.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 11 stocks with bids higher than their last selling prices and 4 with offers that were lower.
JSE Sum 14-10-15r
In trading, Berger Paints traded 899,350 shares at $2.50 and gained 20 cents Cable and Wireless closed with an 8 cents increase with 210,000 shares changing hands to close at 60 cents, Caribbean Cement closed at to $10 with 14,620 shares changing hands, but traded at an intraday 52 weeks’ high of $10.99. Carreras traded 67,666 shares at $51 to gain 40 cents. Desnoes and Geddes stock closed with bids of $25.80 to buy 270,074 shares with an offer only 350 units at $28 with very small volumes above. Grace Kennedy traded with a gain of 1 cent, to close at $64.51 with 118,864 shares, Jamaica Broilers 618,120 shares to close at $6.99, JMMB Group traded 104,600 shares at $8.50 at the close with a gain of 44 cents, Kingston Wharves traded at a new high of $9.20 to add $1.55 with 1,850 shares changing hands. National Commercial Bank closed with a gain of 68 cents with 50,000 shares trading to close at $30.79, the shares of 138 Students Living added 25 cents in closing at $4.40 with 210,000 shares, JSE fn qts 14-10-15Pan Jamaican Investments traded 20,500 shares at the end at $63 with a gain of $1.44. Sagicor Group with 368,858 shares closed 1 cents higher at $13.16, Sagicor Real Estate Fund with 46,000 shares closed 50 cents down to $7.50. Scotia Group ended with 119,753 shares trading at $23.85 after gaining 33 cents, Scotia Investments gained $1.50 and ended at $27.50 with 111,000 shares traded, Seprod traded 4,888 shares at $14.95 for 5 cents loss, Supreme Ventures gained 6 cents and ended at $3.71, with 76,000 units. Proven Investments traded 19,000 ordinary shares at 22 US cents after adding a cent and Jamaica Public Service 9.5% preference share traded 4,932 units at $1125 each.

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

J$ held ground on Tuesday

October 13, 2015 by

FX_USPound The Jamaica dollar held ground against the US dollar on Tuesday with the equivalent of US$39,633,518 being bought by dealers, compared with US$54,993,668 on Monday, while they sold the equivalent of US$28,821,789 versus US$59,279,907 previously.
In US dollar trading , dealers bought US$37,263,331 compared to US$49,143,690 on Monday. The buying rate for the US dollar fell 10 cents to $118.96 and US$26,530,020 was sold versus US$56,411,806 on Monday, the selling rate remained at $119.47. FX trade sum 13-10-15rThe Canadian dollar buying rate slipped 47 cents to end at $88.59, with dealers buying C$679,495 and selling C$1,238,320, at an average rate that rose 49 cents to $91.91. The rate for buying the British Pound declined 29 cents to $179.95 for the purchase of £1,170,633, while £622,411 was sold, at an average rate that fell $1.05 to $181.55. At the end of trading, it took J$135.86 to purchase the Euro, with a rise of $27 from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$133.37 for a gain of 30 cents on Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$93,293 being bought, while US$393,340 was sold.
Highs & Lows| The highest buying rate for the US dollar added 5 cents on Tuesday to end at $119.75, the lowest buying rate ended unchanged at $97.95, FX H&L 13-10-15the highest selling gained 43 cents to close at $126.05 and the lowest selling rate climbed $1.94 to end at $99.88. The highest buying rate for the Canadian dollar rose 30 cents to $92, the lowest buying rate rose 42 cents to be at $73.46, the highest selling rate gained $1.47 to end at $95.80 and the lowest selling rate fell $2 to $86. The highest buying rate for the British Pound, rose $2 to end at $185.20. The lowest buying rate climbed 63 cents to $147.91, the highest selling rate dropped $1.87 to $188 and the lowest selling rate lost 30 cents to close at $176.

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

15 up 7 down on Tuesday

October 13, 2015 by

JSE sign shrtpng At the close of trading on the Jamaica stock exchange, there were 15 stocks rising, 7 declining, with 32 securities totalling 7,269,713 units, valued at $48,282,077 changing hands, in all market segments. 1 junior market stock and 1 main market stock ended at new 52 weeks’ closing highs, 1 stock traded at intraday 52 weeks’ low and one at a 52 weeks’ intraday high.
The JSE Market Index lost 530.18 points to 106,123.07, the JSE All Jamaican Composite index fell 592.50 points to 117,554.80 and the JSE combined index declined 247.57 points to end at 111,432.33.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 18 stocks with bids higher than their last selling prices and 4 with offers that were lower and setting up Wednesday for an interesting day of trading.
JSE Sum 13-10-15rIn trading, Cable and Wireless closed with a decline of 8 cents, with 2,196,541 shares changing hands to close at 52 cents, but the price traded up to 60 cents during the day. Caribbean Cement shot up to $10 with 35,038 shares changing hands for a 10 cents increase, Carreras traded 54,715 shares at $50.60. Desnoes and Geddes did not trade but the stock closed with several bids at $19.87 to buy 1,823,929 shares with an offer of 59,126 units at $25, then at $28 with very small volumes. Jamaica Broilers closed at $6.92 with 134,660 shares changing ownership, for a loss of 18 cents, Jamaica Producers gained 10 cents in trading 59,820 shares at $18.60, JMMB Group traded 50,000 shares to close at $8.06 with a loss of $1.44, Kingston Wharves traded at a new high of $7.65 to add 65 cents with 1,238 shares changing hands. National Commercial Bank closed with a small gain with 50,000 shares trading to close at $30.11, the shares of 138 Students Living lost 5 cents in closing at $4.15 with 1,200,000 shares, JSE fn qts 13-10-15the stock traded at an intraday low of $3.90, Pan Jamaican Investments traded 147,199 shares at $61.56 with a gain of 56 cents. Sagicor Group with 586,567 shares closed 14 cents higher at $13.15, Scotia Group ended with 286,773 shares trading at $3.52 after losing 48 cents, Scotia Investments lost 5 cents in ending at $26 while 32,475 shares traded, Seprod traded 19,000 shares at $15 for a gain of $1. Proven Investments traded 143,731 ordinary shares at 21 US cents, Jamaica Money Market Brokers 7.50% preference share traded 105,000 units at $2 and Jamaica Money Market Brokers 8.75% preference share traded 27,000 units at $2.65 for a gain of 8 cents.

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

3 stocks rise on TTSE

October 13, 2015 by
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TCL hits a new high on Tuessday

TCL hits a new high on Tuessday

Activity on the Trinidad & Tobago Stock Exchange on Tuesday ended with 10 securities trading, 3 stocks closed higher, 1 declined and 5 remained unchanged as a total of 201,902 units traded, valued at $2,180,608.
At the close the Composite Index ending with a rise of 0.25 points at 1,146.63, the All T&T Index fell 0.09 to 1,946.47 and the Cross Listed Index advanced by 0.08 points to close at 45.51.
Gains|Sagicor Financial Corporation closed with 131,000 shares valued at $784,690 changing hands, to end at $5.99,after adding 4 cents, JMMB Group traded with a gain of 1 cent to end at 43 cents while 2,727 shares changed hands and Trinidad Cement ended with a gain of 1 cent to a 52 weeks’ high of $3.16 with 5,000 shares changing hands.
Losses| Massy Holdings traded only 3 shares, the price ended with a loss of 2 cents at $62.46.
Firm Trades| First Citizens Bank traded 2,276 shares and closed at $35, Grace Kennedy had 4,206 units changing hands at $3.60,TTSE sum 13-10-15
Guardian Holdings with 4,640 shares changing hands and closed at $13.12. National Enterprises with 2,000 shares changing hands to end at $16.74 and Republic Bank with 10,050 shares with a value of $1,125,594 trading to close at $112.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower.

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

JSE price changes fluid on Monday

October 12, 2015 by

NCB closed down sharply on Monday

NCB closed down sharply on Monday

The JSE Combined index climbed 594.88 points at the close of trading of the Jamaica Stock Exchange on Monday. At the close, there were 17 stocks rising, 12 declining, with 32 securities totalling 4,386,449 units, valued at $14,525,590 changing hands, in all market segments.
Two junior market and 3 main market stocks ended at new 52 weeks’ closing high and 1 junior stock trading at 52 weeks’ intraday high. The main market indices enjoyed another day of decent gains. The JSE Market Index fell 6.27 points to 106,653.25, the JSE All Jamaican Composite index rose 7 points to 118,147.30 and the JSE combined index jumped 594.88 to end at 111,679.90 points.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 13 JSE Sum 12-10-15stocks with bids higher than their last selling prices and 5 with offers that were lower.
In trading, Cable and Wireless added 2 cents, with 792,712 shares changing hands to close at 60 cents, Caribbean Cement shot up to $9.90 with 66,761 shares changing hands for a 90 cents increase, Desnoes and Geddes jumped $1.96 to trade at $15.03 with 19,100 shares trading at a new 52 weeks high. Desnoes and Geddes closed with a bid to buy 10,000 units at $17.28, at $2.25 above the last traded price. Grace Kennedy ended with 1,000 shares trading at $64.50, with a gain of 50 cents. Jamaica Broilers closed at $7.10 with 283,284 shares changing ownership, for a gain of 60 cents, Jamaica Producers lost 15 cents in trading 77,628 shares at $18.50, Jamaica Stock Exchange gained 30 cents in closing at $7.50 with 143,900 shares changing hands.JSE fn qts 12-10-15 Mayberry Investments traded 15,006 shares at $2.60 at the close with a gain of 25 cents, National Commercial Bank closed with a loss of $2.94 with only 4,025 shares trading to close at $30.05. 138 Students Living lost 20 cents in closing at $4.20 with 15,000 shares, Pan Jamaican Investments traded 8,000 shares at $61 with a loss of 99 cents. Radio Jamaica traded 3,056 shares to close at $4, for an 18 cents decline, Sagicor Group with 20,500 shares closed 9 cents lower at $13.01, Scotia Group ended with 13,099 shares trading at $24 after losing $1.64 and Sterling Investments gained 10 cents in ending at $13 while 8,200 shares traded.

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

JSE set for new record high

October 11, 2015 by

JSE Recd soon -10-15Friday’s 7,697.11 points jump in the all Jamaican Composite index taking it to 118,154.30 points, puts the market within 20,763.29 points of the high of 138,917.59 reached on 24th of January 2005.
The 2005 record is nearly 11 years old but seems destined to be taken out soon with the planned offer by Heineken to buy Desnoes and Geddes shares at near $31 speeding. This should push the index by another 10,000 points, leaving other stocks to contribute just over 10,000 points to put the index over the old record.
The market has now broken through the 115,000 mark that was a resistance point, but faces the 130,000 points resistance level and then 150,000 which is 17 percent away from the 128,000 points that D&G alone could push it to. But making the final leap to the 150,000 or beyond by the end of this year will be a tall order, with the likes of Scotia Group not generating increased profits to contribute much to lift the index. National Commercial Bank could provide some punch but must break through the $34 barrier that is a major resistance area for the stock. Grace Kennedy should help now that supply for the stock is drying up. Cable & Wireless looks also seem set to rise that that is a heavy-duty index mover with 16 billion shares in issue, while Sagicor Group another big capitalisation stock should add some to the index when results are released for the September quarter. Of course Treasury bill rates have been falling and further declines could lift the entire market.

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

2 stocks rise 5 fall on TTSE

October 9, 2015 by

Stocks Trading on the Trinidad & Tobago Stock Exchange on Friday ended with 15 securities trading, 2 closing higher, 4 declined and 9 remained unchanged as a total of 167,198 units traded, valued at $2,414,835.
At the close the Composite Index ending with a modest rise 0.04 at 1,147.33, the All T&T Index fell 0.10 to 1,948.45 and the Cross Listed Index gained 0.03 to close at 45.43.
Gain| Clico Investment Fund closed 1 cent higher with 3,827 shares changing hands at $22.51 and National Commercial Bank gained 1 cent to land at $1.68 with 20,573 shares changing hands.
Losses| JMMB Group ended with 61,448 shares changing hands at 42 cents, with a loss of 1 cent, National Flour with 1,000 shares trading, shaved 2 cents off the old price to land at $1.96. L.J. Williams B share, closed with a 2 cents loss of 2 cents down to 97 cents, with 1,986 shares trading and West Indian Tobacco closed at $126 with 2,480 shares trading, valued at $312,496 and lost 1 cent.
Firm Trades| ANSA McAL contributed 7,997 shares valued at $536,039 in TTSE sum 9-10-15closing at $67.03, First Citizens Bank traded 4,021 shares and closed at $35, Grace Kennedy had 30 units changing hands at $3.60. Guardian Holdings with 20,577 shares valued at $269,970 changing hands, closed at $13.12, Massy Holdings ended with 4,000 shares changing hands at $62.48. One Caribbean Media traded 19,852 shares valued at $436,744 to end at $22, Point Lisas traded 73 shares to close at $3.96, Scotiabank closed with 4,334 shares changing hands unchanged at $62.50 and valued at $270,875 and Trinidad Cement closed at $3.15 with 15,000 shares changing hands
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than the last selling price and 5 stocks with offers that were lower.

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

Huge jump in Jamaican stocks on Friday

October 9, 2015 by

Red stripe slnt 2The JSE Combined index jumped 6.80 percent or 7,069.02 points, at the close of trading on the Jamaica Stock Exchange on Friday. The strong move was aided by a $5.07 jump in the price of Desnoes and Geddes shares and gains in National Commercial Bank which ended at $32.99. The market climbed sharply for the third day as advancing stocks outpaced declining ones by a wide margin once more.
The JSE Market Index climbed 6,887.45 points to 106,659.52, the JSE All Jamaican Composite index leapt 7,697.11 points to 118,154.30 and the JSE combined index jumped 7,069.02 to end at 111,085.02 points.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 12 stocks with bids higher than their last selling prices and 4 with offers that were lower. At the close, there were 17 stocks rising, 2 declining, with 26 securities totalling 34,391,788 units, valued at $414,047,404 changing hands, in all market segments, and with 4 junior market and 2 main market stocks ending at new 52 weeks’ closing high, one stock ended at 52 weeks’ low.
JSE Sum 9-10-15r In trading, Cable and Wireless added 5 cents, with 845,177 shares changing hands to close at 58 cents, Caribbean Cement shot up to $9 with 281,375 shares changing hands at 50 cents higher, Desnoes and Geddes jumped $5.07 to trade at $13.07 with 29,094,581 shares trading at a new 52 weeks’ high. D&G closed with a bid to buy 5000 units at $15.01, nearly $2 above the last traded price. Grace Kennedy ended with 40,000 shares trading at $64, Jamaica Broilers closed at $6.50 with 119,681 shares changing ownership, Jamaica Producers gained 50 cents in trading 196,137 shares at $18.50, Jamaica Stock Exchange lost 10 cents in closing at $7.20 with 44,620 shares changing hands. JMMB Group traded 64,500 JSE fn qts 9-10-15National Commercial Bank closed at a new 52 weeks’ high of $32.99 with a gain of $2.97 with only 14,003 shares trading as high as $33, for an intraday 52 weeks’ high, Pan Jamaican Investments traded 2,017 shares at $61.99 having gained 74 cents, Radio Jamaica traded 5,394 shares to close at $4.18, for an 18 cents rise, Scotia Group ended with 632,075 shares trading at $25.64 to gain $1.64. Sterling Investments lost 10 cents in ending at $12.90 while 6,000 shares traded at a new 52 weeks low, Proven Investments ended at 21 US cents while trading 51,000 shares to gain 1 US cent and Jamaica Money Market Brokers 7.50% with 590,580 units changing hands closed at $2.

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

2 stocks rise 3 fell on TTSE

October 8, 2015 by

TTSE build Trading on the Trinidad & Tobago Stock Exchange on Thursday ended with 13 securities trading, 2 closing higher, 3 declined and 8 remained unchanged as a total of 166,171 units traded, valued at $2,627,229.
At the close the Composite Index ending with a modest fell 0.06 at 1,147.29, the All T&T Index gained 0.14 to 1,948.55 and the Cross Listed Index lost 0.04 to close at 45.40.
Gain| Berger Paints not trading for several months was finally active and gained 1 cent to land at $3.66 with only 10 shares changing hands and National Flour with 72,300 shares recovered 8 cents to land at $1.98.
Losses| Massy Holdings ended with 513 shares changing hands at $62.48 with a loss of 2 cents, Point Lisas traded 910 shares and fell 1 cent to close at $3.96 and Sagicor Financial loss 4 cents in trading 31,385 shares and closed at $5.95.
Firm Trades| ANSA McAL contributed 2,001 shares in trading, to close at $67.03, Clico Investment Fund closed with 29,350 shares valued at $660,375 changing hands at $22.50, TTSE sum 8-10-15First Citizens Bank traded 5,795 shares and closed at $35, FirstCaribbean International Bank traded 30 shares and closed at $5; Grace Kennedy had 3,450 units changing hands at $3.60. Guardian Holdings with 6,200 shares changing hands, closed at $13.12, Republic Bank closed at $112 with 5,680 shares trading, valued at $636,160 and Scotiabank closed with 8,547 shares changing hands unchanged at $62.50 valued at $534,160.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 1 stock with the bid higher than the last selling price and 4 stocks with offers that were lower.

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

JSE down as 14 stocks rise 11 fall on Tuesday

October 6, 2015 by

JSE sign & BldThe main market of the Jamaica Stock Exchange, gave up about a third of the gains of Monday, when the main market indices surged sharply, with the all Jamaica composite rising over 2,000 points with the others just slightly below. At the close, there were 14 stocks rising, 11 declining with 26 securities totalling 2,430,349 units, valued at $25,713,681 changing hands, in all market segments. Three junior market stocks closed at new 52 weeks’ high.
The main market indices suffered declines with the JSE Market Index declining 613.31 points to 97,802.49, the JSE All Jamaican Composite index fell 685.42 points to 108,256.07 and the JSE combined index dropped 399.42 to end at 101,664.00 points.
JSE Sum 6-10-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 13 stocks with bids higher than their last selling prices and 2 with offers that were lower.
In trading, Berger Paints ended with 27,354 shares trading 1 cent higher at $2.30, Cable and Wireless lost 3 cents with 15,118 shares changing hands to close at 50 cents, Carreras traded 188,871 shares to close 99 cents lower at $49. Desnoes & Geddes traded 80,135 shares to close at $7, after gaining 18 cents, Grace Kennedy traded only 1,000 shares at $64 but had no shares on offer, at the close, for the third day running. JSE fn qts 6-10-15Jamaica Broilers closed at $6.09 with 46,300 shares changing ownership while gaining 29 cents. Mayberry Investments had 132,117 shares trading to close at $2.25 for a loss of 10 cents. National Commercial Bank had 41,975 units trading at the close at $29.01 for a $1.49 cents fall, Pan Jamaican traded 30,050 shares to close with a fall of 50 cents to $61. Radio Jamaica traded 68,016 shares with a 50 cents rise to end at $4, Sagicor Group with 272,875 shares trading, closed at $13, Scotia Group added 15 cents in ending at $23.90 while 265,275 shares traded and Scotia Investments gained $2.45 with 5,000 units changing hands to close at $27.45.

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