Activity on the Jamaica Stock Exchange picked up with one of the better trading days in terms of the number of securities being active. At the close there were 14 stocks rising, 8 declining as 39 securities changed hands, including 4 that closed at new 52 weeks’ high and ending in 4,671,007 units trading, valued at $73,832,092, in all market segments.
The changes in the market indices were very small with the JSE Market Index gaining just 13.43 points to 97,452.41, theJSE All Jamaican Composite index rising by 15.01 points to close at 107,864.54 but the JSE combined index declined by 4.07 points to end at 100,255.47.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 14 stocks with bids higher than their last selling prices and just 3 with offers that were lower, a suggestion that advancing stocks should have the upper hand again on Wednesday.
In trading, Cable & Wireless closed with 1,149,216 units trading to end at 45 cents, Carreras traded 321,462 shares and gained $2.19 to end at $50.50, Desnoes & Geddes gained 44 cents in trading 733,245 shares to close at $8. Gleaner ended with 108,114 shares changing hands but lost 8 cents at the close, Grace Kennedy had 26,700 units changing hands and put on 64 cents to $64, Jamaica Broilers gained 55 cents while trading 8,410 units to end at $6. JMMB Group ended with 20,085 shares trading unchanged at $7.50, Kingston Wharves put on 30 cents in closing at $7 having traded just 2,900 units. Mayberry Investments traded 252,867 shares to close at $2.60 after shedding 30 cents, National Commercial Bank lost 44 cents in trading 1,008,211 shares at $29.01 at the end. 
138 Student Living regained the 40 cents it lost recently to close at $4.40 with 20,000 units changing hands, Pan Jamaican dropped $2.70 with 59,230 units to close at $60.80, Proven Investments traded 305,252 shares between 22 US cents and the closing price of 19.01 US cents, for a slight gain at the end. Radio Jamaica closed with a gain of 30 cents to a new 52 weeks’ high of $3.50 with just 4,214 shares changing hands, Sagicor Group was up 55 cents with 191,448 units trading to end at $12.95, Sagicor Real Estate X Fund closed 1 cent higher at a new high of $8.01 after 4,000 shares were exchanged. Scotia Group had 95,808 units trading 10 cents higher at $23.25 and Scotia Investments traded 15,000 shares at $29.85 at the close.
JSE poised to rise on Wednesday
June 23, 2015 by
JSE cooled but 16 stocks still rise
May 13, 2015 by
NCB gained $1.01 to close at a new 41/2 years’ high of $31.01
The JSE Market Index declined 29.63 points to 99,094.91, the JSE All Jamaican Composite index fell 33.14 points to close at 109,510.99 and the JSE combined index gained 49.81 points to close at 101,299.90, the latter due to the rise of junior market stocks.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 8 stocks with bids higher than their last selling prices and 2 with offers that were lower. This reading is well down from the double digits bids being higher for several days and may be an indication that price gains going forward for now may be cooling, that is the norm after results are out for the first quarter.
Another indicator of a slowing market is the number of new 52 weeks’ high have slowed with just 1 in the junior market and 3 in the main market.Stocks changing hands includes, Cable & Wireless that traded 549,019 units to close unchanged at 48 cents, Caribbean Cement closed with 120,167 units trading, falling by 55 cents to $4.50, Carreras ended with a rise of 89 cents to $49 with 19,919 shares, Desnoes & Geddes traded 170,755 units at $7.11 up by 9 cents. Grace Kennedy traded unchanged at $65 with 46,504 shares, Jamaica Broilers closed down by 9 cents to end at $5.16 after trading at an intraday 52 weeks’ high of $5.50 with 95,942 shares being active, Jamaica Producers traded 8,502 shares at $18.52 and gained 2 cents. JMMB Group closed with 66,855 shares trading at a new 52 weeks’ high of $9.55 after gaining 5 cents, Kingston Wharves had 49,000 units trading to end 10 cents higher at $6.12,
National Commercial Bank closed $1.01 higher to a new 52 weeks’ high with 1,257,840 shares and ended at $31.01, after trading most at $30 and $30.50. Pan Jamaican closed with 17,824 units trading to end higher by 30 cents at $58.11. Proven Investments had 46,355 shares changing hands at 21 US cents, Radio Jamaica had just 2,936 units trading, to end at a new 52 weeks’ high of $2.40 as the stock gained 21 cents, at the close. Sagicor Group traded 113,272 shares to end higher by 6 cents at $12.16, Salada Foods had 40,000 units trading to end at $9, having fallen by 50 cents, Scotia Group traded 341,246 shares to close at $26 for a gain of 97 cents and Supreme Ventures had 100,000 units trading to end at $3.95.
Will JSE scale resistance?
May 8, 2015 by
Scotia closed at a new 52 weeks’ high on Friday at $26
The big question with some profit taking on Friday is whether the market has enough fuel to clear resistance around 109,000 points on the all Jamaica Composite index on this leg of the rally, or will it have to wait until summer, when the market usually resumes it advance after what is normally a softening after mid-May. Even if it does scale the pending resistance there is another at 115,000 points which is likely to be the first real test before it moves on.
In the first hour of trading on Friday the all Jamaica Composite index was up 653.67 points to 108,085.44 and the JSE index put on 584.65 to 97,819.86, sometime after the indices slipped back with a fall in the price of a number of large company stocks.
At the close, theJSE Market Index advanced 184.32 points to 97,419.53, theJSE All Jamaican Composite index rose 206.07 points to close at 107,637.84 and the JSE combined index gained 287.20 points to close at 99,424.78.IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 12 stocks with bids higher than their last selling prices and 5 with offers that were lower.
In trading, Barita Investments ended with 100,000 shares changing hands, 1 cent higher, at $2.31. Caribbean Cement closed with 66,000 units trading at $4.99 with a 1 cent slippage, Desnoes & Geddes finished trading with 264,406 shares to end at $6.60, by shedding 40 cents, Grace Kennedy saw trading in 13,244 units unchanged at $65.50, Jamaica Broilers ended with 40,831 shares trading but lost 20 cents to $4.80. Jamaica Stock Exchange closed with 375,000 units changing hands but remained at $2.93, JMMB Group finished trading with a fall of 29 cents with 867,080 shares to end at $8.71. Mayberry Investments concluded trading with 203,163 shares and gained 10 cents, at $2.75,
National Commercial Bank ended unchanged at $30, in trading 126,642 units, Sagicor Group had dealing in 157,550 units and ended at $12.10, with a 10 cents increase. Scotia Group contributed 1,967,501 shares with a $50 million value to close at a new 52 weeks high of $26 after rising $1, Seprod ended trading with 36,900 shares at $18.25, down 25 cents and Jamaica Money Market Brokers 8.75% preference share traded closed with 148,603 at $3.10.The stocks to watch for the week ahead include Barita with a bid at $2.30 with one offer at $5, Cable & Wireless with the bid of 44 cents, last sale 43 cents, Jamaica Producers with the bid of $18.52 and an offer at $25. JMMB Group having a bid at $8.72 versus last sale of $8.71, National Commercial Bank is well supported by NCB Capital Market with an undisclosed amount being bought at $30, Mayberry bid $2.75 to but 128,962 units. Pan Jamaican Investment bid at $58 and no stock on offer. Radio Jamaica with a last selling price of $2 and a bid at $2.20 and Scotia Investments with a bid at $24.80 against a last sale price of $24.50.