The Jamaica Stock Exchange closed trading with a total of 28 securities changing hands and 2,579,234 units traded, valued at $15,166,869. At the end 10 stocks rose, 9 declined in all market segments and one in the preference section ended at a new low.
The JSE Market Index fell 160.92 points to 100,132.54. The JSE All Jamaican Composite index lost 179.86 points to 110,860.26 and the JSE combined index declined 120.43 points to end at 103,201.79.
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 10 stocks with bids higher than their last selling prices and 4 with offers that were lower.
In trading, Cable and Wireless had 528,065 shares changing hands and closed at 52 cents,
Desnoes & Geddes traded 1,015,300 shares at $7 and gained 20 cents, Gleaner Company traded 7,000 shares at $1.85, Grace Kennedy traded 3,993 units at $63, JMMB Group traded 117,375 units and rose 5 cents to end at $7.65. Kingston Wharves closed unchanged at $7 with 10,100 shares changing hands, National Commercial Bank traded 117,375 shares and closed with a gain of$2.50 at $30, Sagicor Group with 44,714 shares changing hands, closed at $12.50 for a loss of 50 cents, Sagicor Real Estate Fund traded 64,063 units and lost 10 cents to settle at $7.90. Scotia Group traded 16,081 units between $25.01 and $26.90 but closed with a gain of 40 cents at $26.90. At the close there were 12 offers ranging between $26.90 and $30, 
starting with 71,299 shares at $26.90, on the buy side, bids which are not yet close to the last selling price, start at $25.10 to buy 800 shares. Scotia Investments lost $2.40 and ended at $24.10 while 1,000 units traded. Proven Investments ordinary share, traded 5,754 units at 20.11 US cents, down from 21 US cents Supreme Ventures ended at $4.14 with 25,500 units changing hands. Jamaica Money Market Brokers 7.50% preference share traded 21,050 units at $2 and Jamaica Money Market Brokers 8.75% preference share traded 15,000 units at $2.88 and shed 12 cents in the process to close at a 52 weeks’ low.
NCB adds $2.50 to regain $30 on JSE
September 7, 2015 by
Scotia Group jumps 11% on JSE Friday
September 4, 2015 by
Scotia’s stock closed with a gain of $2.70 on Friday.
Scotia Investments crossed 623,135 units of its parent company shares out of a total of 700,154 they bought, between $26 and $26.99 with 612,725 units traded at $26.99, for in house purposes.
The Jamaica Stock Exchange closed trading with a total of 30 securities changing hands. A total of 2,251,172 units traded, valued at $24,730,236, with 9 stocks rising, 12 declining in all market segments. The JSE Market Index rose 2,637.77 points to 100,293.46. The JSE All Jamaican Composite index jumped 2,948.29 points to 111,040.12 and the JSE combined index rallied 2,460.94 points to end at 103,322.22.
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 10 stocks with bids higher than their last selling prices and 5 with offers that were lower, including 2 from the preference share sector.In trading, Cable and Wireless traded only 559,840 shares, down from 4,748,662 units on Thursday and closed at 52 cents. At the close, visible bids exist for 10,000 shares at 50 cents and ranging between 48 cents and 49 cents, a total of 1,702,558 units and between 45-47 cents 537,500 shares. Visible offers at 52 cents, amount to 1,040,394 units, at 53 cents, 942,650 million shares, next are 595,177 shares at 55 cents and at 56 cents, 3,078,000 units. Carreras closed at $51 for a gain of $1 while a mere 1,045 units traded. Desnoes & Geddes traded 17,500 shares at $6.80, up 80 cents, Gleaner Company traded at 268,116 shares and added 5 cents to $1.85, Grace Kennedy traded down $1 at $63 with only 1,370 shares, Jamaica Broilers closed unchanged at $5.60 with 13,413 shares changing hands. National Commercial Bank traded just 53,230 shares and closed with a fall of 56 cents at $27.50, after it traded earlier at $30. Sagicor Group with 13,000 shares changing hands, closed with a gain of 43 cents at $13, Scotia Group traded 711,422 units between $23.80 and $26.99 but closed with a gain of $2.70 at $26.50.
At the close there were only 6 offers ranging between $26.50 and $30 to sell 73,748 shares at $26.50, 299,990 at $27 23,750 units at $27.10 and 54,600 shares at $30. On the buying side, bids start at $25.01 to buy 800 shares but they are thin, until they drop to $23.71, to buy 306,040 shares. Scotia Investments lost 50 cents and ended at $26.50 while 9,485 units traded, the stock opened down to $24.10 within six minutes of the market opening, in response to disappointing earnings for the July quarter. Proven Investments ordinary share, traded 32,600 units at 21 US cents, Supreme Ventures added 14 cents to end at $4.14 with 2,000 units changing hands.
3 stocks gained 1 fell on TTSE
September 4, 2015 by
Trinidad’s Scotiabank posted a 12% Q3 profit increase
At the close, the Composite Index gained 0.63 points to 1,145.19, the All T&T Index gained 0.15 points at 1,947.64 and the Cross Listed Index fell 0.15 points to 44.96.
Gains| Clico Investment Fund closed with 46,705 shares changing hands 3 cents higher at $22.54 a total value of valued at $1,052,276, National Commercial Bank traded just 2,000 shares to close 3 cents higher at $1.63 and Scotiabank closed with 4,000 shares valued at $250,000 changing hands to gain 1 cent and end at $62.50. The bank reported improved results to July with profits of $157 million in the July quarter up by 12 percent on the $140 million generated in 2014 and $417 million for the nine months against $390 million in 2014.
Losses| Sagicor Financial Corporation closed with 3,100 shares changing hands at $5.95 after losing 5 cents.
Firm Trades| Angostura Holdings ended with 25,000 shares valued at $350,000 changing hands at $14, First Citizens Bank had only 3,338 shares changing hands to end at $35,
Grace Kennedy closed with just 655 shares changing hands at $3.50. Guardian Holdings added 3,445 shares to close at $12.90, Prestige Holdings with 7,209 units changing hands ended unchanged at $9.89 and West Indian Tobacco traded just 158 shares to close at $125.42.IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 5 stocks with offers that were lower.
See-saw action continues on JSE
September 2, 2015 by
Cable & Wireless HQ – the stock is in demand with the merger of Flow and C&W gathers pace.
At the close, the JSE Market Index fell 245.83 points to 97,783.73. The JSE All Jamaican Composite index declined 274.77 points to 108,234.94 at support level on the downside and the JSE combined index fell 50.41 points to end at 101,002.73.
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 7 stocks with bids higher than their last selling prices and 9 with offers that were lower.In trading, Cable and Wireless rose just 1 cent with 2,882,269 (Tuesday 2,494,634) units and at 47 cents. At the close, visible bids exist for 1 million units at 46 cents, and ranging between 40 cents and 45 cents a total of 1.46 million units. On offer between 48 and 55 cents, are 11 visible offers to sell 3.3 million shares. Caribbean Cement had 797,607 shares changing hands for a loss of 10 cents to $7.90, Carreras closed at $50.30 as the price gained 80 cents while 7,380 units traded. Desnoes & Geddes traded 50,000 shares but lost 40 cents in closing at $6, Grace Kennedy had 38,552 units changing hands at
$64, Jamaica Broilers closed at $5.60 with 43,741 shares changing hands as the stock lost 80 cents. Sagicor Group with 40,000 shares changing hands, closed with a loss of 43 cents at $12.57, Scotia Group traded 14,800 units to close with a gain of 26 cents at $24, Scotia Investments ended at $27 while only 8,000 units traded but the stock traded in Trinidad at the equivalent of J$29.50 and with a bid to buy over 320,000 units at the same price. Proven Investments ordinary share, traded 15,346 units at 21 US cents, Jamaica Money Market Brokers 7.50% preference share traded 53,016 units at $2 and Proven Investments 8% preference share traded 135,594 units at $4.90.
Securities trading at elevated level
September 1, 2015 by
NCB jumped to $30 on Tuesday.
At the close, the JSE Market Index rose 745.81 points to 98,029.56. The JSE All Jamaican Composite index jumped 833.61 points to 108,509.71 at support level on the downside and the JSE combined index added 634.94 points to end at 101,053.14.
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 10 stocks with bids higher than their last selling prices and 7 with offers that were lower.In trading, Cable and Wireless rose just 1 cent with 2,494,634 units and closed at 46 cents. At the close, visible bids ranging between 40 cents and 45 cents totalled 2.6 million units. On offer between 48 and 50 cents, are 6 visible offers to sell 3.27 million shares. Desnoes & Geddes traded 2,337 shares at $6.40 with a fall of 40 cents, Grace Kennedy had 108,148 units changing hands at $64, Jamaica Broilers closed at $6.40 with just 38,000 shares changing hands. The price rose to $6.99 in the morning session before falling
back to the closing price. Mayberry Investments ended up rising 50 cents to $3.40 with 83,868 units, but the stock closed with an offer at $3.05 to sell 100,000 units. National Commercial Bank traded 163,714 shares and closed with a gain of $1.25 at $30, the price also jumped in Trinidad to reach J$30. Sagicor Group with 21,500 shares changing hands, closed at $13. Scotia Group traded 4,825 units to close with a gain of 60 cents at $23.76, Scotia Investments ended down 79 cents at $27 while only 1,000 units traded and Proven Investments ordinary share, traded 15,245 units at 21 US cents and Jamaica Money Market Brokers 7.50% preference share traded 25,000 units at $2.
4 TTSE stocks up 3 down on Tuesday
September 1, 2015 by
First Citizens gained 50 cents to close at $35 on Tuesday
At the close, the Composite Index advanced by 2.84 points to 1,144.38, the All T&T Index gained 1.88 points to 1,947.18 and the Cross Listed Index gained 0.51 points to 44.81.
Gains| Agostini’s traded 2,711 shares and closed at $17.26 with a gain of 1 cent, First Citizens Bank had 5,503 shares changing hands to end with a gain of 50 cents at $35, National Commercial Bank traded 13,600 shares and gained 11 cents, to close at $1.63 and Scotiabank closed with 7,288 shares changing hands valued at $454,771 to gain 8 cents and end at $62.40.
Losses| JMMB Group ended with a loss of 2 cents in trading 30,000 shares at 43 cents, Massy Holdings had just 80 shares trading at $62.49 with a loss of 1 cent and National Flour Mills with 51,040 shares changing hands, ended at $2.05 after shedding 4 cents.
Firm Trades|, Ansa McAl traded 460 units to end at $67.25, FirstCaribbean International Bank traded 1,298 shares and closed at $5, Grace Kennedy closed with 7,080 shares changing hands at $3.50,
up-at-guardian-holdings/”>Guardian Holdings added 1,949 shares to close at $12.90. One Caribbean Media traded only 80 shares with the price remaining at $22, Point Lisas traded 12,664 shares at $4.07, Prestige Holdings with 1,053 units changing hands ended at $9.89, Scotia Investments closed with 19,925 shares changing hands unchanged at $1.53 and Trinidad Cement ended at $2.75 with 22,556 shares changing hands.IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.
Only $10m traded on JSE on Monday
August 31, 2015 by
NCB’s new Constant Spring Rd. branch. The company’s stock closed with a gain of 73 cents on Monday
Unlike Friday when there were only 9 securities trading in the main and US dollar markets, Monday saw trading in 19 securities.
At the close, the JSE Market Index fell 334.02 points to 97,283.75. The JSE All Jamaican Composite index declined 373.34 points to 107,676.10 at support level on the downside and the JSE combined index added 227.26 points to end at 100,418.20.
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 that confirms that the decline in the market is ending.
Trading closed with a reading of 10 stocks with bids higher than their last selling prices, and 4 with offers that were lower, the same reading as on Friday.In trading, Cable and Wireless rose just 1 cent with 1,764,685 units and closed at 46 cents. At the close, bids have built up with 159,000 units at 44 cents, at 43 cents, two bids form 779,586 units, and at 42 cents 710,209 units, 120,000 at 41 cents and 1,538,423 units at 40 cents. On offer between 46 and 52 cents, are 7 visible offers to sell 1,550,578 shares, IC Insider understands that there is an undisclosed amount at 46 cents. Grace Kennedy had 48,366 units changing hands at $64, Jamaica Broilers traded at $6.40 with just 2,500 shares
changing hands to gain 80 cents, JMMB Group traded 28,350 shares at $7.50, but lost 20 cents, National Commercial Bank traded 11,348 shares and closed with a gain of 73 cents at $28.75. Sagicor Group with 82,930 shares changing hands, closed at $13. Scotia Group traded 70,705 units to close with a gain of 60 cents at $24.36, Scotia Investments ended down 79 cents at $27 while only 1,000 units traded, Supreme Ventures ended with 21,362 stock units trading, with a gain of 2 cents to $3.42 and Proven Investments ordinary share, traded 23,350 units at 21 US cents for a loss of 1 US cent.
4 TTSE stocks up 1 down on Friday
August 28, 2015 by
First Citizens closed at a 52 weeks’ low of $34.50 on Friday
The market closed on Friday with 12 securities changing hands, three more than on Thursday. At the close the prices of 4 stocks rose, while the price of 1 declined and 7 traded with prices unchanged. A total of 337,732 shares traded, valued at $7,805,755.
At the close, the Composite Index declined by 0.04 points to 1,141.54, the All T&T Index lost 1.66 points to 1,945.30 and the Cross Listed Index gained 0.21 points to 44.30.
Gains| Clico Investment Fund traded 243,571 shares, valued at $5,484,092 and closed with a gain of a cent at $22.51, Point Lisas traded 9,230 shares and gained 1 cent to end at $4.07. Sagicor Financial Corporation closed with 30,421 shares changing hands, 25 cents higher at $6 and Unilever Caribbean ended with 4,580 shares trading 6 cents up, for a new 52 weeks’ high of $67.11.
Losses| First Citizens Bank had 11,455 shares valued at $396,987 changing hands to end with a 51 cents down at a new 52 weeks’ low of $34.50.Firm Trades| Ansa Merchant Bank traded 3,112 units to end at $38.94, Grace Kennedy closed with 21,665 shares changing hands at $3.50, Massy Holdings had 1,958 shares trading at $62.50. National Flour Mills with 5,000 shares changing hands, ended at $2.09, One Caribbean Media traded 3,367 shares with the price remaining at $22, Republic Bank closed at $113, with 9,515 shares changing hands valued at $1,075,195 and Trinidad Cement ended at $2.75 with 13,879 shares changing hands.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.
Declining stocks down sharply on JSE
August 27, 2015 by
The Jamaica Stock Exchange on Thursday closed with main market indices dropping once more, with declining stocks equalling advancing ones. The market endured a very slow day, after an hours trading, only 2 stocks traded amounting to just 2,677 units. The market closed with only 25 securities changing hands, resulting in 914,433 units trading, valued at $16,133,495 with 9 stocks rising, 9 declining, in all market segments.
At the close, the JSE Market Index fell 690.11 points to 97,396.47. The JSE All Jamaican Composite index lost 771.34 points to close at 107,802.10 around support on the downside and the JSE combined index dropped 448.93 points to end at 100,328.84.
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 that reflects a possibility that the decline is at or near the end a reading of 7 stocks with bids higher than their last selling prices and 4 with offers that were lower.
In trading, Cable and Wireless rose 2 cents with 211,066 units and closed at 44 cents, Caribbean Cement had 10,000 units changing hands at $8, Desnoes and Geddes traded 137,166 shares to close 7 cents higher at $6.90, Grace Kennedy closed with 130,192 shares trading at $64. Jamaica Broilers traded at $5.60 with just 10,000 shares changing hands, with a loss of $1.40, Kingston Wharves traded 20,000 shares at $6.45, but lost 80 cents in the 
process, Mayberry Investments had 13,640 shares trading for a fall of 45 cents to end at $2.90. Pan Jamaican ended at $61 with just 2,340 units changing hands, Sagicor Group with 17,385 shares changing hands, closed 20 cents lower at $12.80. Scotia Group traded 40,100 units to close with a gain of 5 cents at $23.81, Supreme Ventures ended at $3.40 with 15,500 units changing hands, Proven Investments ordinary share traded 200,000 units at 20.10 US cents for a loss of 0.45 cents and Proven Investments 8% preference share traded at a 52 weeks’ low of $4.90 with 4,300 shares.
Declining stocks clobber advancers on JSE
August 26, 2015 by
VMBS Wealth acquired the bulk of shares trading in connection with the pension funds they manage.
At the close, the JSE Market Index fell 262.83 points to 98,086.58. The JSE All Jamaican Composite index lost 293.77 points to close at 108,573.44 and the JSE combined index dropped 272.27 points to end at 100,777.77.
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 that reflects continuation of declining stocks having the upper hand over advancing ones. There was slightly less bias to the downside, than at the close of trading on Tuesday, with Wednesday’s reading of 7 stocks with bids higher than their last selling prices and 9 with offers that were lower.In trading, Cable and Wireless fell 1 cent with 110,387 units and closed at 42 cents, Caribbean Cement had 54,911 units changing hands at $8, Carreras closed with 1,149,666 shares trading 50 cents lower at $49.49, with the bulk of the shares being a product of the VMBS Wealth pension portfolio shift. Grace Kennedy closed with 1,400,261 shares trading $64, Jamaica Broilers traded at $7 with just 1,000 shares changing hands, with a gain of $1.40. Jamaica Stock Exchange traded 2,105,142 shares at $7.89, JMMB Group traded 8,582,455 shares, including shares associated with the VMBS Wealth pension fund change, to close at $7.52, Kingston Properties had 664,191 shares trading for a fall of $1.01 to end at $6.99, National Commercial Bank traded 569,187 shares to end with a decline of 73 cents at $28.02.
Pan Jamaican fell 25 cents to end at $61 with 802,473 units changing hands, Radio Jamaica traded 37,900 shares unchanged at $3.01, Sagicor Group with 2,973,500 shares changing hands, closed 5 cents higher at $13. Scotia Group traded 198,010 units to close with a loss of 60 cents at $23.76, Scotia Investments traded 440,000 shares to close at $27.69 for a fall of 1 cent, Supreme Ventures ended at $3.40 with 13,828 units to be down by 40 cents and Jamaica Money Market Brokers 8.75% preference share traded 100,000 units to close at a 52 weeks’ low of $2.94, for a loss of 4 cents.