In Monday’s trading on the Jamaica Stock Exchange, the prices of 4 securities rose, 6 declined as 22 stocks changed hands, resulting in 21,507,157 units trading, valued at $22,167,614.
Cable & Wireless accounted for 11.56 million units and Lasco Manufacturing 5.7 million of the stocks trading. As was the case on Friday, Pan Caribbean Financial Services was the broker that was the main seller of Cable & Wireless’ shares on Monday. At the close they had an offer to sell another 11.96 million units at 30 cents, the amount was exactly equal to the amount on the bid at 28 cents.
Main Market| The JSE Market Index fell by 241.32 points to 71,360.72 and the JSE All Jamaican Composite index declined by 269.85 points, to close at 78,502.44.
Gains| The volume and last traded prices of stocks with gains, at the close of the main market are, Caribbean Cement in trading 28,423 shares closed with a gain of 6 cents at $2.10, Desnoes & Geddes gained 5 cents to close at $4.65 with 100,249 units changing hands and Jamaica Producers with 3,650 units, ended up 1 cent higher at $15.61.
Firm| The stocks in the main market to close without a price change, with volume and last traded prices, are Cable & Wireless with 11,561,063 shares changing hands to close at 30 cents, Grace Kennedy with 2,761 shares at $59, Jamaica Money Market Brokers 22,303 shares closed at $7, Radio Jamaica had 2,113,260 units closing at $1, Sagicor Group 21,000 shares at $9.40 and Seprod with 351 shares at $10.75.
Declines| The volume and last traded prices of stocks with losses at the at the end of trading in the main market, are Carreras with 6,200 shares trading, lost 9 cents at $34.80, Jamaica Broilers lost 13 cents to end at $4.57 with 13,997 shares, National Commercial Bank with 12,100 units lost 38 cents at $17.62 and Scotia Group with 175,260 shares lost 5 cents in ending at $18.79.
Preference| Jamaican Teas debenture note traded 9,000 units at $100 each, Jamaica Money Market Brokers 8.75% preference share traded 1,557,835 units at $3 and Proven Investments 8% preference share, traded only 100 units at $5.
Junior Market| The JSE Junior Market Index declined by 0.40 points to close at 642.72 as 6 stocks traded with 1 advancing and 2 declining.
Gains| Lasco Manufacturing traded 5,730,455 units to gain 3 cents at 95 cents and was the only stock to gain at the end of trading in the junior market.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are, Blue Power with only 1,000 shares, ended at $9.06, Dolphin Cove with 75,000 shares changing hands, closed at $7.75 and Lasco Distributors had 19,000 units trading at $1.11.
Declines| Stocks declining in the junior market at the end of trading, are Caribbean Cream with 13,150 shares to close 10 cents down at 65 cents and General Accident with 50,000 shares, closed 6 cents lower at $1.34.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 10 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.
Cable & Wireless & Lasco Manufacturing dominate JSE
Cable & Wireless trades 23.5m shares on JSE
In Friday’s trading on the Jamaica Stock Exchange, Cable & Wireless dominated trading with 23.5 million shares, valued at $7 million, in 8 different lots. The price of the stock slipped at the close of the market, on a day when the prices of 8 stocks rose and 8 declined as 24 securities changed hands, resulting in 25,186,205 shares trading, valued at $15,293,836.
Main Market| The JSE Market Index dropped by 140.37points to 71,602.04 and the JSE All Jamaican Composite index fell 156.95 points to close at 78,772.29.
Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market, are Berger Paints with 7,500 gained 2 cents at $1.62, Jamaica Money Market Brokers with 23,600 shares to close with a gain of 5 cents at $7, Mayberry Investments 78,468 shares traded closed 5 higher at $1.65, National Commercial Bank with 107,897 shares changing hands closed 1 cent higher at $18, Proven Investments ordinary share traded 25,300 units with 0.25 US cents gain at 17.25 US cents, Sagicor Group had 39,030 shares trading at 16 cents, to end at $9.40 and Scotia Group 21,000 units to end at 2 cents higher at $18.84.
Firm| The stocks in the main market to close without a change in price with volume and last traded prices, are Grace Kennedy with 7,960 closed at $59, Jamaica Broilers had 10,175 units changing hands at $4.70, Sagicor Real Estate Fund with 30,000 units traded at $6.85 and Scotia Investments 3,000 shares closed at $21.40.
Declines| The volume and last traded prices of stocks with losses at the at the end of trading in the main market are, Cable & Wireless lost 2 cents I trading 23,460,586 shares with a loss of 2 cents to 30 cents, Caribbean Cement with 16,748 lost 14 cents to $2.04, Carreras with 10,193 shares lost 1 cent to end at $34.89, Desnoes & Geddes 342,700 shares changed hands at 19 cents lower at $4.60, Jamaica Producers had 61,440 shares changing hands at $15.60 after losing 5 cents and Buy Rated Radio Jamaica lost 22 cents while trading 319,350 shares to end at $1, for a 52 weeks low.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 17,000 units at $3.
Junior Market| The JSE Junior Market Index declined by 3.97 points to close at 643.12 as 6 stocks traded with 1 advancing and 2 declining.
Gains| Access Financial with 100 units closed 2 cents higher at $10.20 and was the only stocks recording an increase at the end of trading in the junior market.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are, Caribbean Cream with 103,000 shares closing at 75 cents, General Accident with 145,448 units closed at $1.40 and Lasco Financial traded 3,000 shares at $1.
Declines| Stocks declining in the junior market at the end of trading, are Lasco Distributors traded 202,000 units at $1.11 as the price lost a cent and Lasco Manufacturing with 150,710 shares closed 5 cents higher at 92 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.
Market eases back on Wednesday at JSE
In Wednesday’s trading on the Jamaica Stock Exchange, the prices of 6 stocks rose and 10 declined as 23 securities changed hands, resulting in 3,423,013 units trading, valued at $28,248,377.
Main Market| The JSE Market Index declined 640.32 points to 71,823.75 and the JSE All Jamaican Composite index fell 715.99 points to close at 79,020.19.
Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market are, National Commercial Bank with 82,727 units, gained 50 cents to close at $18.50, Radio Jamaica gained 7 cents to close at $1.22 while 10,500 units traded, Sagicor Group had 751,235 shares while gaining 3 cents, to close at $9.23 and Scotia Investments with 1,000 shares gained 40 cents to end at $21.40.
Firm| The stocks in the main market to close without a change in price, with volume and last traded prices are, Berger Paints with 18,336 shares at $1.60, Jamaica Money Market Brokers with 68,000 units changing hands to end at $6.95, Proven Investments US dollar ordinary share, traded 9,269 units at 17 US cents and Pulse Investments with 100,000 shares closed at 35 cents.
Declines| The volume and last traded prices of stocks with losses at the at the end of trading in the main market are, Cable & Wireless with 121,903 units for 3 cents lower at 31 cents, Caribbean Cement with 6,300 shares, lost 20 cents to end at $2.60, Carreras traded 301,057 units with a loss of 15 cents to end at $34.75, Desnoes & Geddes 20,000 units traded at the close at $4.79, with a gain of a cent, Grace Kennedy with 3,329 units lost $1 in falling to $59, Jamaica Producers had 2,343 units going through the market but shed $1.35 to $15.65, Kingston Wharves 33,750 shares was done with a 25 cents loss at $5.02, Scotia Group with 129,116 shares closed 73 cents lower at $18.77 and Seprod 7,140 shares were traded for 25 cents less at $10.50.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 2,832 units at $3 and Proven Investments 8% preference share had just 1,200 units trading, at $5.
Junior Market| The JSE Junior Market Index gained 0.59 points to close at 644.44 as only 4 securities traded with 2 advancing and 1 declining.
Gains| Stocks recording gains at the end of trading in the junior market, are Jamaican Teas with 1,630,657 shares to gain 5 cents and closed at $3.30 and Lasco Distributors with 102,319 shares, gained 1 cent to $1.12.
Firm Trades| Caribbean Producers with 15,000 units traded at $2.36 and was the only stock in the junior market, that traded and closed at the same price as the day before.
Declines| C2W Music with 5,000 shares, lost 5 cents to close at 38 cents, was the sole stock declining in the junior market at the end of trading
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
JSE market inching forward
In Monday’s trading on the Jamaica Stock Exchange, the prices of 6 stocks rose and 8 declined as 23 securities changed hands, resulting in 3,225,751 units trading, valued at $9,515,641.
Main Market| The JSE Market Index climbed by 418.38 points to 72,464.07 and the JSE All Jamaican Composite index gained 467.81 points to close at 79,736.18.
Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market are, Caribbean Cement with 253,076 shares, to close with a gain of 25 cents at $2.80, Desnoes & Geddes with 5,000 units changing hands, gained 30 cents to $4.80, Jamaica Broilers with 97,778 units, put on 9 cents and closed at $4.70, Jamaica Producers 100 units benefited from a 1 cents gain to $17, followed by Radio Jamaica with 29,060 units with an increase of 5 cents at $1.15 and Sagicor Group with 98,976 shares, putting on 20 cents to $9.20.
Firm| The stocks in the main market to close without a change in price, with volume and last traded prices, are Carreras with 8,800 shares closing at $34.90, Grace Kennedy with 2,009 shares at $60. National Commercial Bank 124,935 units resulted in a close of $18 and Sagicor Real Estate Fund with 13,387 units at $6.85.
Declines| The volume and last traded prices of stocks with losses at the at the end of trading in the main market are, Cable & Wireless with 1,328,663 shares with the price dipping 2 cents to 34 cents, Jamaica Money Market Brokers with 32,947 ordinary shares, lost a cent at $6.95, Mayberry Investments 20,769 shares traded with a loss of 8 cents to $1.60, Palace Amusement traded for the first time since early January this year, with 1,000 shares changing hands at $90, after losing $5, Scotia Group exchanged 25,210 shares with a loss of 50 cents to end at $19.50 and Scotia Investments traded 20,000 shares and shed 28 cents at $21.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 858,992 units at $3.
Junior Market| The JSE Junior Market Index declined by 2.01 points to close at 643.85 as 6 stocks traded with none advancing and 2 declining.
Gains| No stock gained at the end of trading in the junior market.
Firm Trades| Active stocks in the junior market to close at the same price as the day before are, Blue Power with 700 units at $9.06, Lasco Financial 7,600 shares trading at $1, Lasco Manufacturing had 70,858 units trading at 95 cents and Paramount Trading 5,000 shares at $2.52.
Declines| Stocks declining in the junior market at the end of trading are, General Accident with 40,000 shares, lost 10 cents to end at $1.35 and Lasco Distributors traded 180,891 units, 1 cents lower at $1.11.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
What’s up with Grace’s stock?
At the close of trading on Monday, there were two lots of Grace’s stock on offer on the Jamaican Stock Market, 9,360 units at $63 and 200,000 at $65.
Over at the Trinidad Stock Exchange, the bid on the stock was the same as the last sale price, at TT$3.55 which equates to J$63, but only for 886 units. There was an offer to sell 12,300 units at TT$3.70 or J$65.50. Could the stock be set to jump? Probably.
Grace has been in the news recently with rise of 21 percent in profit for the six months to June and the purchase of a USA trading operation, La Fe Foods with revenues of US$80 million per annum, that should add nearly $9 billion to revenues in a full year.
Grace expects much benefit to flow from this acquisition, as La Fe Foods services the Hispanic market with a large population that should allow some of Grace’s branded products to find new markets. In addition, the acquisition will allow some products with inadequate margins, to be sold to a non-related distributor, to be exported by Grace to the USA market.
Advancing stocks beat declining ones
The level of trading on the Jamaica Stock Exchange on Monday was very low with 18 securities changing hands, resulting in 854,483 stock units trading, valued at $7,165,353.98. At the close of the market, the prices of 6 stocks rose and 4 declined.
Main Market| The JSE Market Index rose 380.28 points to 72,045.69 and the JSE All Jamaican Composite index gained 425.23 points to close at 79,268.37.
Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market, are Carreras with 42,500 units and closed with a gain of 60 cents at $34.90, Jamaica Broilers with 114,665 shares, closed 1 cent higher at $4.61, Scotia Group with 70,691 shares gained $1.24 to end at $20 and Seprod with 13,700 shares rose 25 cents to $10.75.
Firm| The stocks to close without a change in price in the main market, along with volume and last traded prices are, Cable & Wireless with 144,678 shares to close at 36 cents, Grace Kennedy with 16,595 units at $60, Sagicor Group with 72,697 shares, closed at $9 and Sagicor Real Estate Fund had only 1,113 units trading at $6.85.
Declines| The volume and last traded prices of stocks with losses at the at the end of trading in the main market, are Caribbean Cement with 68,825 shares while losing 35 cents to close at $2.55 cents, Jamaica Money Market Brokers with 118,430 shares lost 4 cents to end at $6.96 and National Commercial Bank 32,943 shares closed with a 5 cents fall, at $18.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 17,858 units at $3.
Junior Market| The JSE Junior Market Index declined by 1.51 points to close at 645.86 as 6 stocks traded with 2 advancing and 1 declining.
Gains| Stocks recording gains at the end of trading in the junior market, are Caribbean Flavours with 7,000 units changing hands and gained 4 cents to end at $2.69 and Caribbean Producers 96,978 shares closed with a 1 cent increase at $2.36.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are Derrimon Trading with 5,000 units going through the market at $2.15, Lasco Distributors with 3,360 shares closed at $1.12 and Lasco Manufacturing with 3,600 shares at 95 cents.
Declines| Caribbean Cream traded 23,850 shares and lost 8 cents to end at 75 cents was the only stock declining in the junior market at the end of trading,
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 7 stocks with offers that were lower.
3 stocks up 2 down on TTSE
Trading on the Trinidad Stock Exchange on Monday was moderate with 13 securities changing hands of which 3 advanced, 2 declined and 8 traded firm with 223,763 units, with a value of $1,814,887.
The Composite Index gained 0.17 points to close at 1,152.33, the All T&T Index rose 0.35 points to close at 1,988.21 and the Cross Listed Index remained at 41.43 points.
Gains| Stocks increasing in price at the close are, ANSA McAL that declined by 1 cent to end at $66.29 while trading 205 shares, Clico Investment Fund with 47,064 shares valued at $1,035,527, gained a cent to $22.01 and National Flour Mills with 25,000 shares traded for $30,000, increasing by 4 cents to $1.20.
Declines| The stocks declining at the end of trading are, First Citizens Bank trading 6,781 shares valued at $243,777 to close at $35.95, down by 5 cents and Massy Holdings trading 948 shares, fell a cent to $68.50.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings with 523 shares traded to close at $12.75, Grace Kennedy trading 114 shares at $3.55, Guardian Holdings with 200 units closed at $13.75, Jamaica Money Market Brokers had just 354 units changing hands at 45 cents, National Commercial Bank contributed 10,753 shares with a value of $11,291 to end at $1.05, Point Lisas Industrial Port Development 500 shares closed at $4.15, Sagicor Financial Corporation with 3,300 shares ended at $6.47 and Trinidad Cement with 128,021 shares changing hands for a value of $382,353, closed at $3.
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 none with an offer lower.
Prices of 12 stocks rose on JSE & 3 fell
Trading picked up somewhat on Friday on the Jamaica Stock Exchange, as the number of securities changing hands climbed to 31 with the prices of 12 stocks rising and 3 declining. There was a total of 8,433,459 stock units trading, valued at $ 52,156,868.
Main Market| The JSE Market Index gained 528.73 points to 71,665.41 and the JSE All Jamaican Composite index moved up 591.21 points to close at 78,843.14 as the largest block of stocks gaining came from the main market.
Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market, are, Cable & Wireless with 84,600 shares, helping the price to gain 2 cents at 36 cents, but there was an offer to sell at 35 cents at the close of the market. Caribbean Cement with 11,635 units, gained 35 cents to $2.90, Desnoes & Geddes 3,312 shares helped to push the price up 40 cents, to $4.50, Jamaica Broilers in trading 1,411,047 shares was up 3 cents, at $4.60, Jamaica Money Market Brokers with 431,000 ordinary shares, gained 5 cents to end at $7, Jamaica Producers with 142,996 units changing hands, closed $1.39 higher at $16.99, Kingston Wharves had 178,451 units, trading 25 cents higher at $5.27, Mayberry Investments 9,690 shares went through the market with an 11 cents gain to $1.68, National Commercial Bank 145,579 units traded 5 cents higher at $18.05 and Pan Jamaican Investment with 1,539 shares, closed a cent higher at $48.51.
Firm| The stocks with volume and last traded prices in the main market to close without a change in price, are Berger Paints with 16,471 shares closing at $1.60, Grace Kennedy with 34,378 units and closed at $60, after trading as high as $61, Sagicor Real Estate Fund with 240,880 shares ended at $6.85, Sagicor Group traded 668,226 units at $9, Scotia Group with 77,239 units changing hands, closed at $18.76 and Scotia Investments with 42,405 shares closed at $21.28.
Declines| The volume and last traded prices of stocks with losses at the at the end of trading in the main market, are Carreras with 462,740 shares, to close with a loss of 70 cents at $34.30, Radio Jamaica a new Buy Rated stock, traded 2,058,222 shares while losing 10 cents to $1.10, a new 52 weeks low and Supreme Ventures 4,100 shares traded with a 14 cents loss to $1.86.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 1,100,000 units at $3 and the company’s 7.50% preference share saw 300,000 units being traded at $2 and Proven Investments 8% preference share with 215,758 units at $5.
Junior Market| The JSE Junior Market Index rose 4.39 points to close at 647.37 as 9 stocks traded with 3 advancing and 2 declining.
Gains| Stocks recording gains at the end of trading in the junior market, are Dolphin Cove with 6,000 units and was up 15 cents to $7.75, General Accident with 559,921 shares gained 5 cents to $1.45 and Lasco Distributors with a mere 950 units, closed up a cent at $1.12.
Firm Trades| Stocks in the junior market that traded to close at the same price as the prior trading day are, Access Financial with 3,254 units at $10.18, Blue Power with 2,466 shares at $9.06, Consolidated Bakeries 200,000 shares at 80 cents, Derrimon Trading with 15,000 units at $2.15, Honey Bun 600 shares closed at $2.34 and Lasco Manufacturing with 5,000 units at 95 cents.
Declines| There were no stocks declining in the junior market at the end of trading,
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
Trinidad Cement hits new high
Trinidad Cement closed at a new 52 weeks high at the end of trading on the Trinidad Stock Exchange on Friday. The stock closed at $3 bettering the $2.94 reached last year August.
Elsewhere there was activity in 10 securities of which 5 advanced none declined and 5 traded firm, with 781,974 stock units changing hands with a value of $14,361,896. The Composite Index rose 1.63 points to close at 1,152.16, the All T&T Index rose 2.61 points to close at 1,987.86 and the Cross Listed Index increased by a mere 0.08 points to end at 41.43.
Gains| Stocks increasing in price at the close are First Citizens traded 2,597 shares to close at $36, up by 46 cents, Grace Kennedy at $3.55 for a gain of 9 cents while trading only 186 units, Massy Holdings contributed 85,000 shares valued at $5,821,899 to close at $68.51, with a I cent gain, National Flour with 10,000 shares closed at $1.16, with a 1 cent gain and Trinidad Cement traded 114,140 shares valued at $339,100, to close with a gain of 15 cents at $3, a new 52 weeks high.
Declines| No stock declined at the end of trading.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings with 70 shares valued at $12.75, Clico Investment Fund with 353,981 shares valued at $7,787,612 remained at $22, Guardian Holdings added 15,500 shares valued at $213,125 to end at $13.75, Jamaica Money Market Brokers contributed 200,000 shares with a value of $90,500, as the price closed unchanged at 45 cents and Sagicor Financial traded 500 units to close at $6.47.
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 1 stock with the offer lower.
Moderate trading on JSE with 18 securities
Trading on the Jamaica Stock Exchange on Thursday, was again moderate, as buying remains cautious while investors try to wait out sellers close to the current prices.
At the end of trading, the prices of 4 stocks rose and 6 declined as 18 securities changed hands, resulting in 1,669,785 stock units trading, valued at $16,956,484.
Main Market| The JSE Market Index moved up by 119.83 points to 71,136.68 and the JSE All Jamaican Composite index rose 134 points to close at 78,251.93.
Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market, are, Carreras with 10,588 units changing hands, gaining of 50 cents to $35, Grace Kennedy with 135,968 shares to close with a gain of $1 at $60, Kingston Wharves 14,083 shares traded for a cent gain, at $5.02 and Scotia Group had a mere 212 units trading a cent lower at $18.76.
Firm| The stocks with volume and last traded prices in the main market to close without a price change, are Berger Paints with 8,435 shares changing hands at $1.60, Cable & Wireless with only 15,928 shares trading at 34 cents, National Commercial Bank with 83,881 units to close at $18, Proven Investments ordinary stock, traded 7,100 units at 17US cents, Buy Rated, Radio Jamaica saw 55,908 trading at $1.20 and Sagicor Real Estate Fund 56,600 units, traded at $6.85.
Declines| The volume and last traded prices of stocks with losses at the at the end of trading in the main market are, Caribbean Cement with just 675 shares as the price lost 45 cents to $2.55, Jamaica Broilers had 1,057,921 shares being exchanged 3 cents lower at $4.57, Jamaica Money Market Brokers with 121,367 units slipped 5 cents to $6.95, Pan Jamaican Investment had only 662 shares trading with a 1 cent loss to end at $48.50, Sagicor Group put through 16,116 shares and slipped 15 cents to $9 and Scotia Investments 1,624 units cost 10 cents less than on Wednesday at $21.28.
Preference| There was no trading in the preference sector.
Junior Market| The JSE Junior Market Index was unchanged at 642.98 as only 2 stocks traded with none recording a change in price.
Firm| Stocks trading in the junior market with prices unchanged the end of trading are, Blue Power with 20,000 units changing hands at $9.06 and Caribbean Producers with 62,717 shares at $2.35.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 13 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower.