JSE main market stocks retreat on Friday

January 8, 2016 by

JMMB Group closed at new 52 weeks' high on Friday

JMMB Group closed at new 52 weeks’ high on Friday


Thirteen stocks closed at 52 weeks’ highs, as the Jamaica Stock Exchange’s main markets dipped but the junior market surged 8.7 percent to a new record high. Sharp gains in the three Lasco companies along with gains in 7 others, helped push the junior market index to it new heightened levels.
The JSE Market Index fell 361.01 points to 156,723.37, the all Jamaica Composite Index dropped 403.44 points to end at 174,103.51 and the JSE combined index rose 1,175.06 points to close at 166,676.48. At the close, 14,781,285 units valued at $108,053,355 changed hands in all markets with the junior market accounting for of 10,672,995 units changed hands, valued at $46,214,999. Trading was broad based with a total of 43 active securities in all market segments as 25 in the combined markets gained and 12 declined.
ICI -JSE Sum-8-01-16 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 15 stocks with bids higher than their last selling prices and 4 with lower offers.
In trading, Berger Paints ended with 362,381 shares trading at $3.20, for a fall of 50 cents. Cable and Wireless rose 8 cents, with 430,114 units changing hands to close at $1.40, Caribbean Cement dropped $5.45 to end at $21.05, with 90,201 shares trading, Carreras fell $1 and closed at $60 with 102,883 units changing hands. Ciboney traded only 32,159 shares with price rising 1 cent to 25 cents, Desnoes and Geddes traded 2,000 shares but closed at $29.01, Gleaner Company traded 255,400 shares with a gain of 10 cents to close at $2.70, Grace Kennedy closed with 154,940 units changing hands at $84. Hardware and Lumber traded 599,470 shares at $18.50, Jamaica Broilers fell 1 cent and closed at $10.75 with 462,348 shares changing hands, Jamaica Producers traded 121,252 shares to end at $31. JMMB Group traded 223,017 units and rose 36 cents to end at a 52 weeks high of $12.36, Kingston Wharves rose 25 cents in trading 62,559 units at $11.25, National Commercial Bank gained $1.55 to end at $43.05, with 10,886 units changing hands at a new 52 weeks’ closing high. Radio Jamaica had 153,706 shares trading 45 cents higher at $5.50. ICI -JSE fn qts 8-01-16Sagicor Group jumped 52 cents to close at a 52 weeks’ high of $23.03 with 464,643 units changing hands, Sagicor Real Estate Fund traded 66,500 shares but the price jumped $1.60 to $11.60. Scotia Group closed with 62,862 shares changing hands at 52 weeks’ closing high of $32 for a gain of $1.90, Scotia Investments fell by 85 cents to close at $29.05 after trading 10,000 shares, Supreme Ventures fell 6 cents to end at $4.60 with 166,144 units changing hands. Proven Investments traded 36,200 ordinary shares to end at 21.5 US cents after declining by 1.49 US cents, Jamaica Money Market Brokers 7.50% preference share traded 50,000 units for a gain of 2 cent to end at $2 and Proven Investments preference share traded 182,905 units to close at $5.

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

5 stocks rose on TTSE – Thursday

January 7, 2016 by

TTSE buildIn trading activity on the Trinidad and Tobago Stock Exchange 14 securities changed hands on Thursday but two of the three market indices declined marginally. A total of 5 stocks advanced and 3 declined, with the prices of 6 remaining unchanged. A total of 326,731 shares changed hands valued at $4,547,430.
The Composite Index ended with a decline of 0.07 points to 1,160.03, the All T&T Index rose 0.06 points to 1,942.91 and the Cross Listed Index loss 0.03 to end at 49.66.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator had 5 stocks with bids higher than the last selling price and 6 stocks with offers that were lower.
Gains| Agostini’s traded 2,000 shares and gained 1 cent to close at $17.01, Clico Investment Fund traded 40,900 shares and rose 4 cent to end at $22.76, Guardian Holdings ended with 8,320 shares trading at $13.33 for a gain of 2 cents. Republic Financial Holdings gained 2 cents to close at $111.99 with 172 shares changing hands and Sagicor Financial Corporation closed with 2,819 shares changing hands, to end at $6.28 for a 2 cents rise.
Declines| Angostura Holdings closed with a loss of 1 cent at a 52 weeks’ low of $13.74 with 3,435 shares changing hands, TTSE 07-1-16rJMMB Group traded 122,877 shares but lost 1 cent in closing at 53 cents and Massy Holdings ended with 55 shares changing hands as the price dropped 1 cent to end at a 52 weeks’ low of $61.39.
Firm Trades| First Citizens ended with 87,905 units with a value of $3,076,675 changing hands at $35, Grace Kennedy closed at $4.04 with 55,000 shares changing hands, National Commercial Bank closed at $2.12 while trading 624 shares. National Flour traded 2,027 shares to close at $2.60, Trinidad and Tobago NGL ended at $21.50 with 575 shares changing hands and Unilever Caribbean closed with 22 shares trading at $68.30.

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Another explosive day for Jamaican stocks

January 7, 2016 by

Carib Cement closed at a new 52 weeks' high on Thursday of $26.50.

Carib Cement closed at a new 52 weeks’ high on Thursday of $26.50.

Nine stocks traded to close at 52 weeks’ highs on Thursday as the Jamaica Stock Exchange’s junior and main markets exploded with the main market indices jumping between 2,832 and 3,371 points, as JMMB Group jumped to $12, Sagicor Group climbed to a new closing high of $22.51 and Scotia Group traded at an intraday high of $34.
The JSE Market Index surged 2,831.72 points to 157,084.38, the all Jamaica Composite Index soared 3,164.61 points to end at 174,506.95 and the JSE combined index leapt 3,371.69 points to close at 165,501.42.
At the close, 6,753,668 units valued at $75,464,922 changed hands in all markets with the junior market accounting for of 3,272,184 units changing hands, valued at $17,503,527. Trading was broad based with a total of 44 active securities in all market segments as 19 in the combined markets gained and 11 declined.
The main market seems on its way to 185,000 points level, the next major area of resistance having been moving well away from resistance around the 165,000 points level on the all Jamaica composite index. There is limited volume of stocks of some major companies on offer, suggesting that investors holding them see much higher prices ahead hence the need for buyers to increase their prices to obtain supply.
ICI -JSE Sum-7-01-16 What appears to be an imbalance could well see the main market breaking the 185,000 points level before long. 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 15 stocks with bids higher than their last selling prices and 4 with lower offers.
In trading, Berger Paints ended with 159,300 shares trading at $3.70, for a rise of 54 cents. Cable and Wireless fell 3 cents, with 154,380 units changing hands to close at $1.32, Caribbean Cement jumped $5.50 to end at a 52 weeks’ high of $26.50, with 90,670 shares trading, Carreras closed at $61 with 5,873 units changing hands. Ciboney traded only 1,200 shares with price falling 1 cent to 24 cents, Desnoes and Geddes traded 22,100 shares but closed at $29, mp-in-gleaners-q3-profits-by-70/”>Gleaner Company traded 264,000 shares at $2.60 with a 10 cents gain, Grace Kennedy closed with 4,033 units changing hands at $84.70. Jamaica Broilers rose 1 cent and closed at a 52 weeks’ high of $10.76 with 726,646 shares changing hands, Jamaica Producers traded 25,200 shares to end at $31 for a loss of 99 cents. JMMB Group traded 5,500 units and rose 90 cents to end at a 52 weeks high of $12, infrequently traded Kingston Properties had 43,707 units trading at $7.07, Kingston Wharves lost 40 cents in trading 155,819 units at $11. ICI -JSE fn qts 7-01-16 Mayberry Investments gained 5 cents with 11,010 units changing hands at $4.40, National Commercial Bank lost 50 cents to end at $42, with 140,765 units changing hands. Radio Jamaica had 10,000 shares trading 5 cents higher at $5.05. Sagicor Group jumped 51 cents to close at a 52 weeks’ high of $22.51 with 819,266 units changing hands, Sagicor Real Estate Fund traded 120,708 shares but the price dropped $1 to $10. Scotia Group closed with 550,504 shares changing hands at $30.10 for a gain of 8 cents, but traded at an intraday 52 weeks’ high of $34. At the close, the lowest offer to sell was at $34 with 17,939 shares and 3,895 units at $39.99 as supply of the stock has dried up. Bids were at $30.10 and lower with relative low volumes. Supreme Ventures ended at $4.66 with 103,650 units changing hands and Proven Investments traded 34,600 ordinary shares to end at 22.89 US cents.

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

12 new highs as JSE explodes Wednesday

January 6, 2016 by

NCB ended at a new closing high of $42.

NCB ended at a new closing high of $42.

Twelve stocks traded at 52 weeks’ closing highs as the Jamaica Stock Exchange main market exploded by the close of trading with the main indices jumping between 2,496 and 2,870 points, as JMMB Group jumped to $11.10, National Commercial Bank moved to a record close of $42, Sagicor group jumped to a new closing high of $22.
The JSE Market Index surged 2,568.62 points to 154,252.66, the all Jamaica Composite Index soared by 2,870.57 points to end at 171,342.34 and the JSE combined index leapt 2,496.15 points to close at 162,129.73.
At the close, 17,158,401 units valued at $122,672,205 changed hands in all markets with the junior market accounting for of 3,347,529 units changed hands, valued at $9,025,299. Trading was broad based with a total of 44 active securities in all market segments as 25 in the combined markets rising and 10 declining.
The main market seems on its way to 185,000 points level the nest major area of resistance having been moving well away from resistance around the 165,000 points level on the all Jamaica composite index.
ICI -JSE Sum-6-01-16 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 15 stocks with bids higher than their last selling prices and 4 with lower offers.
In trading, Berger Paints ended with 4,349,578 shares trading at $3.16, for a rise of 1 cent. Cable and Wireless fell 5 cents, with 390,428 units changing hands to close at $1.35, Caribbean Cement jumped $1.50 to end at a 52 weeks’ high of $21, with 163,870 shares trading, Carreras closed at $61, with 1,720 units changing hands for a rise of 15 cents. Ciboney traded 57,841 shares with price rising 4 cents to 25 cents, Desnoes and Geddes traded 1,417 shares but closed down 5 cents to $29, Gleaner Company traded 710,170 shares at $2.50 with a 45 cents gain. Grace Kennedy closed with 4,031 units changing hands, for 50 cents higher at $84.70, Jamaica Broilers rose 30 cents and closed at a 52 weeks’ high of $10.75 with 34,091 shares changing hands, Jamaica Producers traded 5,000 shares to end at $31.99 for a loss of 1 cent. Jamaica Stock Exchange traded 37,839 shares to close at $18.60. JMMB Group traded 1,104,439 units and rose 65 cents to end at a 52 weeks high of $11.10, ICI -JSE fn qts 6-01-16s=”alignright size-full wp-image-24176″ />Kingston Wharves rose 5 cents in trading 6,071,000 units at $11.40, Mayberry Investments had 10,530 units changing hands for $4.35, National Commercial Bank gained $1.42 to end at a 52 weeks’ high of $42, with 13,868 units changing hands. 138 Student Living had 3,067 units trading for a gain of 5 cents to a 52 weeks’ high of $4.75, Radio Jamaica had 377,987 shares trading at $5. Sagicor Group jumped $1.81 to close at a 52 weeks’ high of $22 with 15,950 units changing hands. Scotia Group had 218,703 shares changing hands at $30.02 for a gain of 1 cent and Supreme Ventures rose 3 cents to end at $4.66 with 123,931 units changing hands and Proven Investments traded 41,432 ordinary shares to end at 22.9 US cents.

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

JSE 2,940 points intraday gains melt to 240

January 5, 2016 by

Sagicor Group traded at a new high on Tuesday

Sagicor Group traded at a new high on Tuesday

With less than half an hour to go before trading closed on Tuesday, the Jamaica Stock Exchange main market was posting gains just below 3,000 points, as Sagicor group jumped to a new high $22 with just 570 shares. By the close, a pull back in that stock along with Desnoes and Geddes, helped peg back the market to more subdued gains, to end at new closing record high.
The JSE Market Index rose 214.68 points to 151,684.04, the all Jamaica Composite Index gained 239.92 points to end at 168,471.77 and the JSE combined index gained 418.68 points to close at 159,633.58.
At the close, 5,096,460 units valued at $149,875,337 changed hands in all markets with the junior market accounting for of 1,801,000 units changed hands, valued at $7,668,101. Trading was broad based with a total of 44 securities being active in all market segments. Of the stocks trading 17 in the combined markets gained and 8 declined. Five stocks traded at 52 weeks’ closing high and 2 at intraday 52 weeks’ high as investors’ continue to push prices higher.
ICI -JSE Sum-5-01-16The main market was facing resistance around the 165,000 points level, on the all Jamaica composite index, now that it has crossed it and seems to be moving away, this level appears to be gathering strength to offer support for the market.
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 16 stocks with bids higher than their last selling prices and 8 with lower offers.
In trading, Berger Paints ended with 27,839 shares trading at $3.15 for a loss of 5 cents, Cable and Wireless rose 2 cents with 88,799 units changing hands to close at $1.40, but the stock was on offer at $1.35 at the close. Caribbean Cement dropped 94 cents to end at $19.50, with 5,019,013 shares trading, Carreras closed at $60.85, with 1,640 units changing hands for a rise of 85 cents, Desnoes and Geddes traded 136,442 shares but closed down 95 cents to $29.05, Gleaner Company traded 20,000 shares at $2.05 with a 35 cents gain. Grace Kennedy with 11,249 units changing hands, finished 20 cents higher at $84.20, Jamaica Broilers fell 5 cents and closed at $10.45 with 34,091 shares changing hands, Jamaica Producers traded 2,141 shares to end at $32, Jamaica Stock Exchange fell 39 cents while trading 42,101 shares to close at $18.60. JMMB Group traded 331,521 units and rose 25 cents to end at $10.45, Kingston Wharves traded 21,296 units at $11.35, Mayberry Investments had 33,628 units changing hands for $4.35, National Commercial Bank gained 8 cents to end at a 52 weeks’ high of $40.58, with 26,683 units changing hands.ICI -JSE fn qts 5-01-16 138 Student Living had 138,798 units trading at $4.60 after rising to an intraday high of $4.70, Radio Jamaica had 215,062 shares trading with a gain of 92 cents to end at $5, but with 211,797 units selling for $4.20 and lower. Sagicor Group rose 19 cents to close at a 52 weeks’ high of $20.19 with 3,200 units changing hands, after it traded as high as $22. Scotia Group had 92,420 shares changing hands at $30.01 and Supreme Ventures ended at $4.66 with 76,838 units changing hands and Jamaica Money Market Brokers 7.50% preference share traded 15,947 units to end at $1.98.

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JSE starts 2016 on a new high

January 4, 2016 by

NCB closed at new high of $40.50 on Monday.

NCB closed at new high of $40.50 on Monday.

The Jamaica stock market started the new-year where it left off the old with all three main indices making generous gains to reach new records. The JSE Market Index climbed 777.23 points to 151,469.36, the all Jamaica Composite Index rose 868.60 points to end at 168,231.85 and the JSE combined index gained 945.76 points to close at 159,214.90.
At the close, 5,096,460 units valued at $149,875,337 changed hands in all markets with the junior market accounting for of 1,707,388 units, valued at $6,741,784. A total of 35 securities traded in all market segments, 17 of which in the combined markets gained and 8 declined. Five stocks traded at 52 weeks’ closing high and 2 at intraday 52 weeks’ high as investors continue to push prices higher.
The main market was facing resistance around the 165,000 points level, the on the all Jamaica composite index, now that it has crossed it and seems to be moving away. This level appears to be moving towards support for the market.
IC bid-offer Indicator| At the end of trading,ICI -JSE Sum-01-16 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 2 with lower offers.
In trading, Berger Paints ended with 85,100 shares trading at $3.15 for a loss of 5 cents, Cable and Wireless rose 8 cents with 212,690 units changing hands to close at $1.38, Caribbean Cement climbed 54 cents to end at $20.44, with 10,000 shares trading. Carreras closed at $60, with 2,261,300 units changing hands for 82 cents fall but not until after it traded at a new 52 weeks’ intraday high of $62, Gleaner Company traded 52,000 shares at $1.70 with a 40 cents increase. Grace Kennedy with 2,483 units changing hands finished $2.75 higher at $84, Jamaica Broilers rose 25 cents and closed at $10.50 with 124,677 shares changing hands, Jamaica Producers traded 1,000 shares to end at $32, after rising $1.32, ICI -JSE fn qts-01-16Jamaica Stock Exchange gained 39 cents in trading 1,400 shares at $18.99, National Commercial Bank gained 50 cents to end at a 52 weeks’ high of $40.50, with 12,145 units changing hands. 138 Student Living had 260,933 units trading at a 52 weeks’ high of $4.60 after rising by 10 cents, Radio Jamaica had 51,000 shares trading with a gain of 42 cents to end at $4.08, Sagicor Group closed at $20 with 24,426 units changing hands, Scotia Group had 36,809 shares changing hands at $30.01. Seprod closed with a loss of 44 cents at $20.56 with 2,938 shares trading, Supreme Ventures ended at $4.66 with 208,363 units changing hands and Jamaica Money Market Brokers 7.25% preference share traded 26,000 units to gain 4 cents and ended at $2.06.

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Dividend triples for H&L owners

January 3, 2016 by

H&LShareholders of Hardware Lumber (HL) will be paid an interim dividend for the year 2015 of One Dollar and Nine cents per stock unit on January 29, this year, to shareholders on record as at the close of business on January 15.
The ex-dividend date for the payment is the January 13. The company paid 32 cents per share in dividends in 2014 and 30 cents in 2013.
The payment comes against the background of lower profits in the year to September and acquisition of the majority shares by a group of investors.
Total revenue for the nine months to September 2015 was $5.37 billion or 2.3 percent more than the comparative period in 2014. Profit after tax for the nine-month to September 2015 was $64 million, 43 percent less than the $113 million for the same period in 2014 and earnings per share of 79 cents, compared to $1.40 for the similar period in 2014.
On Thursday December 30, Grace Kennedy’s 58.15 percent interest amounting to 47,013,417 shares in Hardware & Lumber, were traded over the Jamaica Stock Exchange at $18.50 each.
The shares were bought by Argyle Industries Inc. (“Argyle”) a St. Lucian Company special purpose vehicle incorporated for the purpose of acquiring and holding the Investor’s equity interests in Hardware & Lumber.

Filed Under: Company News, Dividends Tagged With: , ,

JSE closes 2015 on a new high

December 31, 2015 by

Sagicor Group HQ - its stock traded at a new high of $20 on the JSE

Sagicor Group HQ – its stock traded at a new high of $20 on the JSE

The Jamaica stock market ended a momentous 2015 with all three main indices making generous gains to reach new record highs, with the JSE combined market index recording gains of 102 percent for the year to date and the all Jamaica composite up 99 percent.
At the close, 6,627,296 units valued at $58,113,757 changed hands in all markets with the junior market accounting for 4,049,568 units, valued at $15,799,898. A total of 36 securities traded in all market segments, 19 of which in the combined markets gained and 8 declined. Four stocks traded at 52 weeks’ closing high and 1 at intraday 52 weeks’ high as investors continue to push prices higher.
At the close the JSE Market Index climbed 874.37 points to 150,692.13, the all Jamaica Composite Index rose 977.16 points to end at 167,363.25 and the JSE combined index gained 815.65 points to close at 158,269.14. The main market was facing resistance around the 165,000 points level, the on the all Jamaica composite index, now that it has crossed it, JSE Sum 31-12-15rthe first week in 2016 will show if that level will now provide strong support for launch higher.
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 15 stocks with bids higher than their last selling prices and 4 with lower offers.
In trading, Cable and Wireless fell 4 cents with 91,865 units changing hands to close at $1.30 after trading as high as $1.45, Caribbean Cement fell 10 cents to end at $19.90, with 288,060 shares trading, Carreras closed at $60.82, with 8,378 units changing hands for 3 cents fall. Gleaner Company traded 2,661 shares at $1.30 with a 10 cents decline but had a bid at $1.49 to buy 10,240 shares. Grace Kennedy with 1,728 units changing hands finished higher by $1.15 at $81.25, Jamaica Broilers rose 25 cents and closed at $10.25 with 477,964 shares changing hands, Jamaica Producers traded 4,891 shares to end at $30.68, after falling 32 cents. JSE Fn Qts 31-12-15Jamaica Stock Exchange shed 39 cents in trading 100,000 shares at $18.60, Kingston Wharves closed at $11.35 with 41,990 shares changing hands, 5 cents higher. National Commercial Bank gained 99 cents to end at a 52 weeks’ high of $40, with 170,396 units changing hands, the stock traded as high as $40.02 for a 52 weeks’ intraday high. Pan Jamaican Investment had 4,140 shares trading with a gain of $1 to $94, Sagicor Group gained $1.50 and closed at $20 for 52 weeks’ high with 37,610 units changing hands, Scotia Group had 163,055 shares changing hands at $30.01 after falling by $1.48. Scotia Investments closed at $30 with only 5,000 shares trading and Supreme Ventures rose 4 cents and ended at $4.66 with 509,719 units changing hands.

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TTSE ends 2015 mixed

December 31, 2015 by

TTSE build The last trading day of 2015 saw mixed fortune for the Trinidad and Tobago Stock Exchange with 2 stocks rising and 2 declining as the market closed with 10 active securities with the prices of 6 remaining unchanged. A total of 285,623 shares changed hands valued at $826,260.
The Composite Index ended with a gain of 0.44 points to 1,162.30, the All T&T Index fell 0.05 points to 1,948 50 and the Cross Listed Index rose 0.12 points to end at 49.51.
IC bid-offer Indicator| At the end of trading there are signs that the number of stocks gaining could rise with IC Bid indicator showing an increase number of stocks with higher bids than in recent trading days. The Investor’s Choice bid-offer indicator had 6 stocks with bids higher than the last selling price and 6 stocks with offers that were lower.
Gains| JMMB Group gained 2 cents in trading 235,000 shares to close at 55 cents and Trinidad and Tobago NGL gained 7 cents, to end at $21.50 with 25,000 shares changing hands valued at $537,500.
Declines| Scotiabank closed with 500 shares changing hands with a 1 cent loss to end at $61.94 and Trinidad Cement closed with a loss of 1 cent at $3.99 with 100 shares changing hands.
TTSE 31-12-15 Firm Trades| Trading in First Citizens ended with 939 units changing hands to close at $35, Grace Kennedy had 7,212 units changing hands at $4.05, Guardian Holdings ended with 260 shares trading at $13.25. National Commercial Bank closed at $2.10 while trading 14,610 shares and National Flour Mills contributed 300 shares in closing at $2.70 and Sagicor Financial Corporation traded 372 shares and closed at $6.20

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JSE up 101% to Wednesday

December 30, 2015 by

JSE Market index is up 101% for 2015 to December 30.

JSE Combined index is up 101% for 2015 to December 30.

Trading ended on the Jamaica stock market with all three main indices making strong gains to reach new record highs, with the JSE combined index recording gains of 101 percent for the year to date.
At the close, 52,944,749 units valued at $911,064,403 changed hands in all markets with the junior market accounting for 886,844 units, valued at $4,712,436.
Trading was swollen by the sale of Grace Kennedy’s 58.15 percent interest it held in Hardware & Lumber (H&L), with the shares traded over the Jamaica Stock Exchange floor today by GK Capital Management amounting to 47,013,417 at $18.50 per share. A total of 47,076,054 shares were traded amounting to $870,892,021.
At the close 33 securities traded in all market segments. A total 15 securities in the combined markets gained and 6 declined. Five stocks traded at 52 weeks’ closing high and 1 at intraday 52 weeks’ high as investors continue to push prices higher.
At the close the JSE Market Index climbed 1,322.30 points to 149,817.76, the all Jamaica Composite Index rose 1,477.75 points to end at 166,386.09 and the JSE combined index gained 1,838.65 points to close at 157,453.49. The main market was facing resistance around the 165,000 points level, the on the all Jamaica composite index, now that it has crossed it, there needs to more movement upwards for this level to become a strong support.
JSE Sum 30-12-15 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 14 stocks with bids higher than their last selling prices and 5 with lower offers.
In trading, Cable and Wireless gained 4 cents with 129,025 units changing hands to close at $1.34, Caribbean Cement rose $1.80 to end at $20, with 15,250 shares trading, Carreras closed at $60.85, with 4,100 units changing hands for 10 cents more to end at a 52 weeks’ high. Gleaner Company traded 2,775,068 shares at $1.40 with a rise of 10 cents, on the morning that the meeting was called to vote on the merger of the company’s media business with Radio Jamaica. Grace Kennedy with 2,700 units changing hands finished at $80.10, Jamaica Broilers lost 50 cents to close at $10 with 163,150 shares changing hands, Jamaica Producers traded 2,169 shares to end at $31, after shedding $1. JMMB Group closed at $10.25 with 771,900 units changing hands, Jamaica Stock Exchange traded 21,518 shares at $18.99, Kingston Wharves closed at $11.30 with 1,496 shares changing hands for 5 cents lower. JSE Fn Qts 30-12-15National Commercial Bank lost 49 cents to end at $39.01, with 141,836 units changing hands, Sagicor Group gained 90 cents and closed with 462,258 units changing hands at $18.50, Sagicor Real Estate Fund traded 173,400 shares to close at $11. Scotia Group had 96,895 shares changing hands at a new 52 weeks’ high of $31.49 after rising by $1.49 but had an offer at $29.50 to sell 1,000 shares at the close. Seprod closed at a new 52 weeks’ high of $21 after rising by 44 cents with only 4,000 shares trading, Sterling Investments had 17,049 units trading at $13, Supreme Ventures ended at $4.66 with 179,175 units changing hands and Proven Investments ordinary share traded 28,400 units at 22.99 US cents.

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