H&L — Page 2

JSE closes down on Monday

June 8, 2015 by IC Insider.com

Carreras traded over 4 million shares on Monday

Activity on the Jamaica Stock Exchange, resulted in the prices of 13 stocks rising, 5 declining as 35 securities changed hands, ending in 8,007,892 units trading, valued at $232,771,926 and 4 stocks traded at hew 52 days high, in all market segments.
TheJSE Market Index lost 299.63 points to 97,788.91, theJSE All Jamaican Composite index fell 334.90 points to close at 108,240.66 and the JSE combined index declined 285.04 points to end at 100,463.91.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 10 stocks with bids higher than their last selling prices and 6 with offers that were lower.

Stocks trading include, Cable & Wireless had 380,130 units trading and closed at 43 cents, Carreras with 4,067,804 shares at mostly $50, to shed $1 from Friday’s close. Desnoes & Geddes gained 5 cents while trading 37,000 units to close at $7.55, Hardware & Lumber traded 111,500 shares at $18, Jamaica Broilers with 218,900 shares at $5.50, JMMB Group 85,992 shares after slipping 30 cents to $7.50, the Jamaica Stock Exchange traded 16,000 shares to close at $5. The directors of the JSE met during the day and declared a dividend of 53 cents per shares to be paid in July. Mayberry Investments ended with 267,075 units at $3,

National Commercial Bank closed with 113,100 units trading at $29. At the close NCB had 17 offers to sell 818,742 shares at $30 each and 4 bids amounting to 704,000 units to buy between $29.02 and $28, thereafter, meaningful bids are at $26.50. Pan Jamaican Investment had just 1,285 units trading at a new 52 weeks’ high of $62, after gaining $1.45, Scotia Group had 612,697 shares changing hands to close at $25.51 and Jamaica Money Market Brokers 7.50% preference share traded 561,800 units and ended at $2.30.

Filed Under: JSE Main Market, Stock Market Tagged With: C&WJ, Carreras, D&G, Daily Trading, H&L, Jamaica Broilers, Jamaica Stock Exchange, JMMB Group, JSE Company, NCB, Pan Jam, Scotia

15 stocks rose 10 declined on JSE

June 2, 2015 by IC Insider.com

JSE traded at a new all-time high of $4.80 to record a gain of 220% for the year to date

Activity on the Jamaica Stock Exchange, resulted in the prices of 15 stocks rising, 10 declining as 42 securities changed hands, ending in 5,509,275 units trading, valued at $30,879,690, in all market segments.
TheJSE Market Index lost 484.92 points to 99,189.54, theJSE All Jamaican Composite index fell 542.01 points to close at 11109,806.20 and the JSE combined index gained 850.26 points to end at 101,568.60.
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 3 with offers that were lower.
Market activity saw, Cable & Wireless ending with 1,359,285 shares to close at 48 cents, after losing 2 cents but the stock traded as low as 45 cents after the company reported a huge $9 billion loss including an exceptional charge of $7 billion, after trading closed on Monday.

Caribbean Cement had 70,900 shares trading at $5.10, to record a gain of 10 cents. Carreras traded of $51.50 and lost 50 cents but with just 6,272 shares, Desnoes & Geddes had 38,161 units changing hands at $7.50, for a loss of 5 cents, Hardware & Lumber traded 72,196 shares between a new intra-day high of $19 and the closing price of $18, Jamaica Broilers traded 206,666 units to close at $5.25 with a 30 cents loss. Jamaica Stock Exchange traded 5,000 units at a new high of $4.80 after gaining 30 cents. JMMB Group gained 5 cents, with 14,350 shares to close at $8.50. Mayberry Investments traded 183,599 units at $3.09, as the price slipped by 1 cent,

National Commercial Bank traded 24,497 shares at $29.90 and lost 9 cents, Radio Jamaica traded 100,000 shares to remain unchanged at $3. Sagicor Group had 344,180 units trading 5 cents higher to end at $12.05, the company Real Estate Fund ended with 18,186 units trading down by 8 cents at $7.50. Scotia Group traded 309,997 units at $25.30, Supreme Ventures added 117,357 shares at $3.80. Proven Investments had 40,900 changing hands at 20.99 US cents, Jamaica Money Market Brokers 7.50% preference shares closed with 250,900 units trading at $2.11 and Jamaica Money Market Brokers 8.75% preference shares closed with 147,225 units trading at $3.02.

Filed Under: JSE Main Market, Stock Market Tagged With: C&WJ, Caribbean Cement, Carreras, D&G, H&L, Jamaica Broilers, JMMB, JSE Company, Mayberry, NCB, Proven, Radio Jamaica, Sagicor, Scotia, Supreme Ventures, Trading Activity

Prices up prices down index gains

May 29, 2015 by IC Insider.com

Sagicor traded 5.36 million shares on Friday

The Jamaica Stock Exchange ended the week on a positive note with most prices for stocks rising and new highs still being recorded, resulting in the prices of 14 stocks rising, 10 declining as 35 securities changed hands, ending in 17,846,913 units trading, valued at $135,894,171, in all market segments.
Hardware & Lumber closed at a new 52 weeks’ high of $18, Jamaica Stocks Exchange closed at an all-time high of $4 and Scotia Investments also closed at a new high of $30 after jumping $3.70 but with limited volume and Palace Amusement traded at $60 for a new 52 weeks’ low.

TheJSE Market Index gained 451.19 points to 98,766.37, theJSE All Jamaican Composite index rose 504.32 points to close at 109,333.21 and the JSE combined index put on 439.21 points to end at 101,019.67.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator continues to reflect a market that has a upward bias with 11 stocks with bids higher than their last selling prices and just 2 with offers that were lower.
Barita Investments traded 134,024 shares at $2.50 but closed with the bid at $2.55 to buy 11,765 shares, Carreras traded 160,324 shares with the price rising to $50 from $49 on Thursday after the company announced a $2 dividend. The stock traded as high as $51.06 for an intraday 52 weeks’ high. Caribbean Cement slipped 40 cents to close at $4.60 with 12,000 units changing hands. Desnoes & Geddes had 62,181 shares trading, to close 12 cents lower at $7.38, Grace Kennedy with 20,682 units changing hands, closed with a loss of 50 cents at $63. Jamaica Broilers shared 1,284,333 units at 20 cents higher, than on

Thursday, at $5.50, Jamaica Stock Exchange had 1 million units changing hands in one trade, to close at $4, the stock closed without an offer. JMMB Group enjoyed trading in 171,384 shares to end at $9, Mayberry Investments had 37,164 units changing hands between $3.16 and the ending price, of $3. National Commercial Bank closed at $29.57 after losing 53 cents, Palace Amusement traded 566 shares and fell by $20 to $60, Sagicor Group had another heavy day of trading with 5,359,993 units changing hands and Scotia Group traded 14,391 units at $25.05 for a 45 cents decline.
In the preference sector, Jamaica Money Market Brokers 7.50% preference share traded 429,000 units at $2.30, Jamaica Money Market Brokers 8.75% preference shares 370,000 units at $3.02.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Desnoes & Geddes, H&L, National Commercial Bank, Scotia Investments

JSE’s modest gains but 14 stocks rise

May 25, 2015 by IC Insider.com

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RJR closed at 52 weeks’ high on Friday

Activity on the Jamaica Stock Exchange, resulted in the prices of 14 stocks rising, 7 declining as 29 securities changed hands, ending in 3,995,019 units trading, valued at $28,635,285, in all market segments. A total of 3 stocks closed at new 52 weeks’ high in the main market.
TheJSE Market Index gained 111.93 points to 98,494.44, the JSE All Jamaican Composite index rose 125.14 points to close at 108,839.65 and the JSE combined index put on 244.08 points to end at 100,819.51. Close to mid-day the all Jamaican Composite index ended had gained 755.19 points added while the JSE index added 675.46 points. and the junior market index gained 20.52 points to 883.66.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator continues to flash bullish signals with 14 stocks with bids higher than their last selling prices and 6 with offers that were lower.

tocks trading in the main market at new closed at 52 weeks’ high are Barita Investments, Pan Jamaican Investments Trust and Radio Jamaica. Jamaica Broilers traded during the day at $5.74 for a new 52 weeks intra-day high but closed lower at a former 52 weeks closing high of $5.50. Other trades in the main market include Cable & Wireless with 459,765 shares trading at 47 cents, to record a 1 cent gain. Caribbean Cement traded 50,000 to close at $4.35 but traded as high as $4.80, Grace Kennedy gained 25 cents to close at $62.75 with 7,253 units trading, Hardware & Lumber traded only 3,000 units at $10.25 to $12, Jamaica Broilers had 27,400 trading as high $5.74 but closed unchanged at $5.50, JMMB Group has 955,266 units trading at $9 and gained 11 cents, Mayberry Investments traded 109,856 units to close at $2.85 with a 15 cents loss but traded previously at $3.National Commercial Bank had 100,819

shares trading at $30, Radio Jamaica traded 100,000 shares is at $2.60, Sagicor Group traded 466,995 shares with the price climbing 15 cents to $12.15. Scotia Group had 141,655 shares changing hands at $25.50 by putting on 18 cents, Proven Investments fell to 18.50 US cents with 78,150 units trading and Jamaica Money Market Brokers 7.50% preference shares ended with 728,100 units at $2.30 as the price slipped 10 cents.
At the close of the market Sagicor Real Estate Fund had a bid at $8.30 compared with the last sale price of $8, but only 100 units were on the bid and only one offer was posted at $10. Investors are responding to reported strong increase in profit flowing from primarily form the profit of the hotel acquired in 2014, but they may not be taking into consideration the seasonal flows of revenues and profit in the industry that see strong inflows in the winter months and lower amounts in the other months.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Grace Kennedy, H&L, Jamaica Money Market Brokers, JMMB Group, Mayberry Investments, National Commercial Bank, Pan Jamaican Investments Trust, Proven Investments, Sagicor Group, Scotia Group

19 stocks rose only 3 fell on JSE

May 15, 2015 by IC Insider.com

Hardware & Lumber gained $1.25 to a new high of $12 in response to news that Grace is in negotiation to sell their interest in the company

There were only three stocks declining on the Jamaica Stock Exchange on Friday, while 18 stocks rose, compared with the last traded prices on Thursday, but the main market indices dropped more than 500 points as Scotia Group fell back to $25.16. The market closed with 19 stocks rising, 8 of which closed at 52 weeks’ high, 3 declining as 28 securities changed hands, well down from the 41 that traded on Thursday. In the end a total of 5,475,513 units valued at $56,463,857 traded, in all market segments.
The rally started last year fuelled by falling money market rates with Treasury bill rate falling from over 9 percent to below 7 percent. The current rally is be fuelled by rising profits from the majority of companies reporting first quarter results.
The JSE Market Index lost 507.33 points to 98,992.10, the JSE All Jamaican Composite index fell 567.23 points to close at 109,396.05 and the JSE combined index declined 237.32 points to close at 101,419.02.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 15 stocks with bids higher than their last selling prices and 2 with offers that were lower.

Stocks in the main market trading to close at a 52 weeks’ high, are Berger Paints, Desnoes & Geddes, Hardware & Lumber, Jamaica Stock Exchange, JMMB Group and Mayberry Investments. In trading, Barita Investments ended with 622,050 shares changing hands to close at $2.35, Berger Paints closed with 55,162 shares trading, 27 cents higher at $2.35, Cable & Wireless finished trading with 619,569 shares to gain 1 cent to 47 cents, Caribbean Cement saw trading in 3,351 shares, to close 1 cent higher at $4.21. Carreras closed with 32,376 shares changing hands to close 35 cents up at $49.35, Desnoes & Geddes finished trading with 14,650 shares and gained 10 cents in trading to close at $7.20, Grace Kennedy concluded trading with 307,283 units trading with the last price unchanged at $64.50, Hardware & Lumber completed trading in 9,092 shares changing hands and jumped $1.20 at $12 as investors responded to news that Grace is discussing selling their stake in the company. Jamaica Broilers had dealing in 48,730 units traded at $5.16 to remain unchanged at the end. Jamaica Stock Exchange contributed 244,616 shares, the price jumped 60 cents or 21 percent in response to the company’s huge jump in their first quarter results showing profit of $87 million or 62 cents and ended at $3.50. Trading was halted for an hour after the price exceeded 15 percent. JMMB Group ended with 27,855 shares changing hands to close up by 10 cents at $9.60, Mayberry Investments closed with 12,289 shares trading at $3,after adding 12 cents, National Commercial Bank finished trading with 468,084 units unchanged at $30.50. Pan Jamaican Investment ended trading with 14,769 units 12 cents higher, at $58.25, Sagicor Group closed with 191,168 shares trading 15 cents lower at $12. Scotia Group finished trading with 88,383 shares changing hands to close 84 cents lower at $25.16, Seprod saw trading in 335,400 shares ending 25 cents up at $18.50 and Jamaica Money Market Brokers 7.50% preference share ended with 68,650 units trading with a 5 cents rise to $2.15.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paint, Cable & Wireless, Caribbean Cement, Carreras, Desnoes & Geddes, Grace Kennedy, H&L, Jamaica Broilers, Jamaica Money Market Brokers 7.50% preference share, Jamaica Stock Exchange, JMMB Group, Mayberry Investments, National Commercial Bank, Pan Jamaican Investment, Sagicor Group, Scotia Group, Seprod

21 stocks fell 9 rose & 4 new highs

May 14, 2015 by IC Insider.com

Mayberry traded 2.7 million shares to close at $2.88.

Activity on the Jamaica Stock Exchange, resulted in 41 securities changed hands with the prices of 9 stocks rising, 21 declining and ending with 5,742,458 units trading, valued at only $25,119,327, in all market segments. The last minute trade in some stocks with just a few units, raises questions about their validity.
The number of securities trading on Thursday is by far the largest, since IC Insider has been reporting from 2013. At the close, JSE Market Index gained 404.52 points to 99,499.43, the JSE All Jamaican Composite index rose 452.29 points to close at 109,963.28, after trading over 110,000 points during the day and the JSE combined index gained 356.44 points to close at 101,656.34.

There were 4 stocks closing at 52 weeks’ high in the entire market.
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 5 with offers that were lower.
Stocks trading include, Barita Investments closed trading with 151,783 shares to end 11 cents lower at $2.26, Berger Paints had 9,858 shares trading with a gain of 8 cents to a 52 weeks’ high of $2.08, Cable & Wireless lost altitude by dropping 2 cents in trading 723,882 units, to end at 46 cents. Caribbean Cement trading 315,244 shares with the price falling to $4.20 rising back to $5, Desnoes & Geddes closed at $7.10 with 15,300 units trading, Grace Kennedy traded 106,525 shares to close down by 50 cents at $64.50 after trading as high as $65.25. The stock is unlikely to get any help in trading for the next few days as they reported lower profits in the March quarter with profit of $589 million versus $833 million in 2014. Hardware & Lumber traded just 1,750 shares to lose 25 cents to $10.75, Mayberry Investments traded 2,735,521 units up $3 but fell back to closed at $2.88, All the Mayberry shares were purchased through Mayberry Investments,

with JMMB Securities virtually all units with most being sold from JMMB inventory and bought by Mayberry for in house purposes. National Commercial Bank closed with a 51 cents loss with 92,298 shares trading to close at $30.50, Sagicor Group had just 14,630 shares trading at $12.15. Sagicor Real Estate Fund gained 68 cents with 9,427 shares trading, to end at $7.28, following first quarter report showing a big jump in profit to $570 million, from $242 million, in 2014, as the acquisition of a hotel in Montego Bay pumped up revenues and profit in the quarter, in the best period for income in the hotel sector. Salada Foods gained 25 cents with just 2,672 shares trading at $9.25, Scotia Investments ended shedding 25 cents while trading 2,150 shares to end at $24.75, Seprod ended with 120,515shares trading at $18.25 and Proven Investments had 5,000 shares trading to close at an all-time high of 21.25 US cents.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Caribbean Cement, D&G, Daily Trading, Grace Kennedy, H&L, Jamaica Broilers, JMMB Securities, Mayberry, Montego Bay, Pan Jam, Proven, Sagicor, Sagicor Real Estate Fund, Scotia, Scotia Investments, Seprod

Bulls reign for now on JSE

May 6, 2015 by IC Insider.com

D&G traded at a new 52 weeks’ high of $7

Wednesday was another big day for the Jamaica Stock Exchange as buyers continue to put upward pressure on stock prices, resulting in the prices of 15 stocks rising, 7 declining and 5 stocks closing at 52 weeks’ high as 34 securities changed hands, ending in 10,246,151 units trading, valued at $38,557,910, in all market segments. Barita Investments traded 6.7 million units valued at $14.37 million with 4 million units being a crossed by Barita investments and Mayberry Investments picking just about all of the rest.
Main Market| The JSE Market Index gained 1,258.19 points to 96,752.04, the JSE All Jamaican Composite index rose 1,406.71 points to close at 106,891.56 and the JSE combined index put on 1,082.65 points to close at 98,682.46. The All Jamaica Index is now at the highest level since November 10, 2011.

IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 15 stocks with bids higher than their last selling prices and only 3 with offers that were lower.
In trading, after a long period of drought, Barita Investments closed with 6,729,389 shares changing hands with as the price ended at $2.07 after trading as high as $2.25. Mayberry Investments bought 2,589.737 units from Barita’s clients for in house inventories and Barita bought 4 million units from the company’s clients for in house inventories. Caribbean Cement finished trading with 119,456 shares as the price ended unchanged at $5, Carreras concluded trading with 33,390 shares, $2.50 lower at $47.50. Ciboney ended trading 500,000 units and put on 1 cent to close at 10 cents, Desnoes & Geddes ended trading 330,611 shares to close higher by 49 cents at a 52 weeks high of $7, Grace Kennedy contributed 41,191 shares to close $1.38 higher, at a 52 weeks’ high of $65, after trading at $65.50.

Hardware & Lumber ended trading with 20,600 units to gain of 85 cents at $11, Jamaica Stock Exchange finished trading with 101,000 shares at $2.93 to record a 3 cents rise, National Commercial Bank while exchanged 193,050 units with a decline of 50 cents, to $30. Sagicor Group closed with 24,900 shares and fell 34 cents, to $11.86, Scotia Group had 52,719 shares trading, with the price ending unchanged at $25, Scotia Investments finished trading with 2,285 shares with a gain of 22 cents, to $24.50. Supreme Ventures closed with 120,624 units trading for 30 cents lower at $3.60, Proven Investments concluded trading with 97,144 ordinary shares at 21 US cents, after gaining moderately. IC Insider has confirmed that the company along with National Commercial Bank will be acquiring around 36 percent of Guardian Holdings a Trinidad Based Life assurance company. Jamaica Money Market Brokers 7.50% preference share traded with 87,000 shares at $2.10 and Jamaica Money Market Brokers 8.75% preference share traded closing with 45,000 units changing hands at $3.

Filed Under: Breaking News, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Ciboney, Desnoes & Geddes, Grace Kennedy, H&L, Jamaica Money Market Brokers, Jamaica Stock Exchange, National Commercial Bank, Proven Investments, Sagicor Group, Scotia Group, Scotia Investments, Supreme Ventures

18 gains 10 new highs – Tuesday

May 5, 2015 by IC Insider.com

H&L gained 35% or $2.65 to $10.15 on Tuesday

The closing main market indices do not tell the full tale of activity on the Jamaica Stock Exchange on Tuesday, as the day closed with 10 new at 52 weeks’ high and with advancing stocks out numbering declining stocks, by a wide margin as 60 percent of stocks trading increased in price. During the early morning, trading in two stocks was halted having exceeded the 15 percent circuit breaker maximum price movement initially.
Hardware and Lumber one of the stocks after an hour freeze in the trade went through with a gain of 29.70 percent but Radio Jamaica price of $3 that the stock had attempted trading at, was well over the 30 percent allowed and was cancelled. Ciboney price gained more than thirty percent from the last price but the bid on the previous day was such that the trade could take place unimpeded as the benchmark for the 15 percent was the bid price in the case. The market closed with the prices of 18 stocks rising, 5 declining, with 30 securities changing hands, ending in 7,028,882 units trading, valued at $46,086,343, in all market segments.

Main Market| The JSE Market Index gained just 11.21 points to 95,493.85, the JSE All Jamaican Composite index rose 12.53 points to close at 105,484.85 and the JSE combined index gained 181.45 points to close at 97,599.81.
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 2 with offers that were lower.
In trading, Caribbean Cement ended with 50,000 units to close higher by 80 cents to end at $5, a new 52 weeks’ high, Carreras closed with 18,000 shares trading as the price jumped $2.82 to $50, a new 52 weeks’ high. Ciboney finished with 500,000 units and put on 2 cents to close at 9 cents, Desnoes & Geddes finished trading with 500 shares and gained of 2 cents to end at a new 52 weeks’ high of $6.51. Grace Kennedy concluded trading with just 10,193 units, 11 cents higher at $64.12, Hardware & Lumber had trading of 4,000 shares, the price climbed $2.65 to end at $10.15, Jamaica Broilers contributed 176,408 shares but the price gained by 9 cents to $5, JMMB Group finished trading with 1,026,000 units to close at $8.30, for a new 52 weeks’ high. Mayberry Investments had dealing in 120,581 units with a gain on 1 cent to end at a new 52 weeks’ high of $2.80,

National Commercial Bank contributed 275,391 shares to trading and ended higher by 51 cents at $30.50, Pan Jamaican Investment ended with 169,314 units trading, 51 cents higher at $57.51. Sagicor Group closed with 160,357 shares traded with a gain of 20 cents to $12.20, a new 52 weeks’ high. Scotia Group finished with 30,305 shares as the price ended at $25, Seprod finished trading with 64,600 units to close at $18.50, Supreme Ventures concluded trading with 755,156 shares as the rice rose 39 cents to end at $3.90, a new 52 weeks’ high. Proven Investments had trading in 25,994 units with the price falling .001 us cents to end at 20.99 us cents, Jamaica Money Market Brokers 8.75% preference share finished trading with 180,097 units with a decline of 20 cents to $3 and Proven Investments 8% preference share closed with 64,240 units as the price slipped 5 cents to $5.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Caribbean Cement, Carreras, Ciboney Group, Desnoes & Geddes, Grace Kennedy, H&L, Jamaica Broilers, Jamaica Money Market Brokers, JMMB Group, Mayberry Investments, National Commercial Bank, Pan Jamaican Investment, Proven Investments, Radio Jamaica, Sagicor Group, Scotia Group, Seprod, Supreme Ventures

JSE jumps Thursday up 11% for April

April 30, 2015 by IC Insider.com

NCB closed at a new 52 weeks’ high at $30.08 and is up 77% from the low in summer last year.

The Jamaica Stock Exchange, ended on another strong note, with the largest number of stocks gaining for a long time. The market closed out April with big gains for the month. At the end of March the all Jamaica Composite Index was at 92,415.82 and gained 10,576.43 points or 11.4 percent during April.
The strong market activity on Thursday, resulted in the prices of 23 stocks rising, 5 declining as 34 securities changed hands, ending in 7,695,548 units trading, valued at $109,643,238, in all market segments. The JSE Market Index gained 1,987.22 points to 93,264.43, the JSE All Jamaican Composite index jumped 2,221.80 points to close at 102,992.25 and the JSE combined index gained 2,133.14 points to close at 95,042.74. At one point during trading, the market recorded more than 3,000 points gain on the all Jamaica Composite index.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 13 stocks with bids higher than their last selling prices and only 2 with offers that were lower. This out turn indicates another strong day ahead for price movements.
The main stocks trading| Caribbean Cement traded only 100 shares, gained 55 cents to end at $3.85, but closed with the bid at $3.88, Carreras ended trading with 31,886 shares to close at a new 52 weeks’ high of $47.08, but ended with a bid at $47.49, followed by Desnoes & Geddes with only 500 units in closing at a new 52 weeks’ high of $6.02. Hardware & Lumber had only 480 units changing hands, gained 45 cents to end at $7.50,

Jamaica Broilers closed with 24,500 shares at $4.75, after falling by 35 cents, Jamaica Producers lost 25 cents with 60,000 shares to end at $17.25. JMMB Group gained 50 cents and closed at a new 52 weeks’ high of $8 with 13,250 shares changing hands, Kingston Wharves traded 16,105 units with the price declining 56 cents to $5.95. Mayberry Investments had 711,200 units changing hands a new 52 weeks’ high of $2.60, National Commercial Bank traded 3,066,787 shares between $29.50 and the closing price and closed with a gain of $1.58 at a new 52 weeks’ high of $30.08. Pan Jamaican Investment price fell $3 with only 885 units trading at $57, Sagicor Group had 290,390 shares and closed 21 cents higher for a new 52 weeks’ high of $11.01. Scotia Group traded 58,380 shares to gain 25 cents and end at a new 52 weeks’ high of $23.25, Scotia Investments traded just 910 units to gain $2.90 and closed at $27, Seprod had only 630 units trading, to end at $18.50 and Supreme Ventures traded 515,400 units to close at $3.50, but traded as high as $3.75, for a new 52 weeks intraday high.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Caribbean Cement, Carreras, Desnoes & Geddes, H&L, Jamaica Broilers, Jamaica Producers, JMMB Group, Kingston Wharves, Mayberry Investments, National Commercial Bank, Pan Jamaican Investment, Sagicor Group, Scotia Group, Scotia Investments, Seprod, Supreme Ventures

Carreras price hit by cigarette tax

March 13, 2015 by IC Insider.com

Peter Phillips raised SCT on cigarette by 11.4% to rake in $500m. Carreras announced a 15-20% price increase.

New tax measures announced on Thursday, hit the stock market on Friday, particularly, Carreras that had direct hit, with increased taxes on cigarettes. The company’s stock lost 7 percent at the end of trading and should set up a good buying opportunity for investors.
The day’s activity on the Jamaica Stock Exchange, resulted in the prices of 9 stocks rising, 11 declining as 27 securities changed hands, ending in 4,388,191 units trading, valued at $41,075,686, in all market segments.
Main Market| The JSE Market Index lost 637.18 points to 81,881.33, the JSE All Jamaican Composite index fell 712.40 points to 90,265.43 and the JSE combined index dropped 558.65 points to close at 83,731.11.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 7 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower, an indication of fluidity in price movements for a while.
Gains| Stocks gaining at the last traded prices in the main market are, Grace Kennedy closing with 5,694 shares rising 20 cents to $61, Jamaica Broilers finishing trading with 38,636 shares, while gaining 2 cents to $4.02. Mayberry Investments in trading 85,000 shares, closed with a gain of 1 cent at $2.37, Sagicor Group had dealing in 2,062,222 shares and rose 8 cents to $10.50 and Scotia Group contributed 271,347 shares while gaining 2 cents to $20.82.
Firm| The stocks in the main market to close without a change in the last traded prices are, Desnoes & Geddes contributing 2,500 shares to trading to close at $5.50. Jamaica Money Market Brokers closed with 2,597 ordinary shares changing hands, at $7.10, Kingston Wharves saw trading in 8,301 shares, to close at $6.40 and Supreme Ventures closed with 1,550 shares at $2.30.

Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Barita Investments finishing with 1,500 units, closed lower by 5 cents at $2.20. Cable & Wireless closing with 25,000 units as the price slipped 2 cents to 51 cents, Caribbean Cement finishing trading with 19,723 units, closing lower by 5 cents to $2.25. Carreras stock price was hit by the added tax announced by the government of Jamaica and in trading with 207,543 units slipped $3 to $40, but it traded as low as $38.01 before the close. Gleaner in trading 10,000 shares ended lower by 20 cents to 90 cents, Hardware & Lumber finishing trading in 900 shares, closed 35 cents lower to $7.05. Jamaica Producers had dealing in 1,381 units with a decline of 5 cents to $16.95, National Commercial Bank while exchanging 8,674 share, traded 50 cents down to $23.50 and Scotia Investments dealt in 10,000 shares with at $2 fall to $22.
Preference| Jamaica Money Market Brokers 7.50% preference share, traded 250,000 units at $2 and Proven Investments 8% preference had 274,200 shares changing hands at 5 cents to 5.05.