Newly listed 138 Student Living advises that a related party sold 2,775,000 of the company’s shares on January 30, 2015. T
he shares traded at $4.40 and realised $12,210,000. When the company went public in December last year, some of the initial investors offered shares they owned to the public which was packaged with the public offer. Shares offered by the company were taken up in full, but those by shareholders were only partially bought by the public.
A related party to a directors sold 250,000 Jamaica Broilers Group’s shares on February 2, 2015, the Company advised the Jamaica Stock Exchange.
Insider sold 2.77m Student Living shares
February 4, 2015 by
NCB dominates as market rises again
February 3, 2015 by
NCB Financial dropped $8 on Friday.
Tuesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 9 stocks rising 7 declining as 27 securities changed hands, ending in 11,536,610 units trading, valued at $173,915,246, in all market segments.
National Commercial Bank that dominated trading on Monday with 27,173,167 units, was again the lead trade on Tuesday, with 7,970,682 shares valued at $163,393,196. The majority of shares traded was done by way of a cross executed by Sagicor Investments.
Main Market| The JSE Market Index gained 326.79 points to 77,528.25, the JSE All Jamaican Composite index rose 365.36 points to close at a 85,398.48 and the JSE combined index gained 256.46 points to close at 79,427.70.
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 3 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Jamaica Money Market Brokers trading 22,500 ordinary shares and put on 23 cents to $7, National Commercial Bank traded 7,970,682 shares to end with an increase of 30 cents to a 52 weeks’ high of $20.50. Sagicor Investments bought and sold 7,927,299 units of the amount traded, in two lots. Sagicor Group traded 14,298 shares while gaining 50 cents to $10.50. The Sagicor Real Estate Fund closed with 20,775 shares changing hands as the price gained 4 cents to $6.74, Scotia Group traded 31,119 units and put on 20 cents to $20.25 and Supreme Ventures put in 94,445 shares to end with an increase of 10 cents to $2.10.
Firm| The stocks in the main market to close without a change in the last traded prices are, Berger Paints finishing with 3,039 units changing hands at $1.56, Carreras in trading 98,550 shares closed at $41, Desnoes & Geddes closed with 30,000 shares trading at $4.90. Gleaner had 31,693 units trading at 81 cents, Jamaica Broilers closed with 123,928 units at $4, Jamaica Producers ended with 955 shares changing hands at $17. Proven Investments finished with 9,646 units traded at 21 US cents, Radio Jamaica ended with 4,657 units trading at $1.10 and Seprod finished had 14,348 shares changing hands at $11.90.
Cable & Wireless dropped 20% to 40 cents on Tuesday
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless ending with 2,013,234 units trading, losing 10 cents to 40 cents as investors reacted negatively to news that the company has to pay Digicel $1.5 billion for interconnection charges. Grace Kennedy had transactions in 9,900 shares to close lower by 10 cents at $61.90, Pan Jamaican Investment closed with 3,816 shares changing hands, 50 cents down at $52 and Scotia Investments in concluding trading in 854 shares lost 4 cents to $22.51.
Preference| Proven Investments 8% preference share closed with 247,500 units trading at $5.
JSE up more gains ahead
February 2, 2015 by
Prices were mostly up in trading on the Jamaica Stock Exchange on the first trading day of February, in continuation of a pattern of rising prices being dominant from early October, last year. A number of market indicators continue to point to a strong rally ahead for local stocks. National Commercial Bank dominated trading with more than 27 million units trading as Mayberry Investments sold most of them and Scotia Investments bought most. Both brokers were acting on behalf of clients.
More stocks gained on Monday than declined, resulting from the prices of 9 stocks rising, 3 declining as 22 securities changed hands, ending in 27,680,503 units trading, valued at $563,375,725, in all market segments. Two stocks closed at new 52 weeks’ high.
strong> Main Market Indices| The JSE Market Index gained 662.29 points to 77,201.46, the JSE All Jamaican Composite index rose 740.46 points to close at 85,033.12 and the JSE combined index gained 758 points to close at 79,171.24.
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 only 2 with lower offers, including Montego Bay Ice Company that seldom trades.
Carreras closed at a new 52 weeks’ high of $41 on Monday. Poised to go higher.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless closed with 10,000 units trading at 50 cents, Gleaner concluding trading with 416 shares changing hands at 81 cents, Grace Kennedy finished with 3,533 shares trading at $62, Proven Investments in trading 2,420 shares closed at 21 US cents, Sagicor Group closed with 62,506 shares trading at $10, Sagicor Real Estate Fund had 66,350 units trading at $6.70 and Scotia Group closed with 131,483 shares changing hands at $20.05.
Declines| Scotia Investments was the sole stock in the main market to end with a loss while 5,000 shares changed hands to close lower by 45 cents to $22.55 units.Preference| Jamaica Money Market Brokers 7.50% preference share traded 300 units to close at $2 and Jamaica Money Market Brokers 8.75% preference share traded 5,000 units to end with an increase of 2 cents to $3.02.
More stocks fall than rise on JSE
January 29, 2015 by
Thursday’s activity on the Jamaica Stock Exchange, resulted in the prices of 7 stocks rising, 10 declining as 26 securities changed hands, ending in 7,488,109 units trading, valued at $56,492,650, in all market segments. This marks the 6th day out of the last seven trading days that declining stocks over powered advancing ones.
Main Market| The JSE Market Index lost 561.70 points to 76,715.98, the JSE All Jamaican Composite index fell 628 points to close at 84,490.34 and the JSE combined index declined by 603.28 points to close at 78,453.58.
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 bullish tone with 11 stocks having bids higher than their last selling prices and 4 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Berger Paints ending with 304,683 shares while gaining 1 cent to $1.56, Cable & Wireless in trading 180,243 units, closed with a gain of 2 cents at 50 cents. Carreras closed with 30,173 shares trading, rising 10 cents to $38.70, National Commercial Bank had 1,225,960 units changing hands and put on 10 cent to $20 and Scotia Investments closed with 400 shares to end with an increase of 49 cents at $23.
Firm| The stocks in the main market to close without a change in the last traded prices are, Ciboney ending with 103,600 shares changing hands at 7 cents, Gleaner finishing with 41,928 shares trading at 81 cents, Mayberry Investments in trading 5,980 units closed at $1.98 and Supreme Ventures closed with 1,856 shares trading at $2.15 units.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Caribbean Cement trading 25,445 units with the price slipping 1 cent to $2.36, Grace Kennedy with 46,589 shares trading, fell 40 cents at $62, Jamaica Broilers had 18,920 shares changing hands to close 1 cent lower to $4, Pan Jamaican Investment closed with 400 units to end down by $3.49 to $52.01. Proven Investments ended with 621,276 units with the price falling 0.4 cents 20.6 US cents, Sagicor Group finished with 233,229 shares and fell 12 cents to $10, Scotia Group had 155,896 units trading as the price slipped 5 cents to $20.05 and Seprod closed with 14,000 shares trading lower by 20 cents to $11.90.
Preference| Jamaica Money Market Brokers 7.50% preference share traded 1,133,000 units trading to end at $2.
9 stocks rise 13 fall PanJam up $3.50
January 28, 2015 by
Pan Jamaican Head office
Main Market| The JSE Market Index gained 217.78 points to 77,277.68, the JSE All Jamaican Composite index rose 243.49 points to close at 85,118.34 and the JSE combined index gained 124.23 points to close at 79,056.86.
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 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Caribbean Cement closing with 15,100 units to close with a gain of 2 cents to $2.37. Carreras closed with 37,672 units and put on 60 cents to $38.60, Desnoes & Geddes concluding trading with, 50,000 shares to end with an increase of 10 cents to $4.90, Jamaica Broilers closed with 10,482,208 units to close 1 cent higher at $4.01, Jamaica Producers ending with 52,385 shares as the price jumped at $1.30 to $17, Pan Jamaican Investment closed with 550 shares as the price climbed $3.50 to $55.50 and Sagicor Real Estate Fund concluding trading with 7,800 shares traded with a gain of 5 cents to $6.70.
Firm| The stocks in the main market to close without a change in the last traded prices are, Ciboney exchanging a mere 200 shares at 7 cents followed by Jamaica Money Market Brokers with 6,647 ordinary shares trading to end at $6.60 and Proven Investments closing with 59,440 shares trading at 21 US cents.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless closing with 909,774 units trading as the price slipped 2 cents to 48 cents.
Grace Kennedy had only 290 shares changing hands to close lower by 17 cents at $62.40, Hardware & Lumber ended with 35,500 units trading to close lower by $1.01 at $6.50, Mayberry Investments ended with 1,020 units trading, the price slipped 2 cents to $1.98, National Commercial Bank in trading 167,784 shares closed 10 cents lower to $19.90. Sagicor Group closed with 212,060 units, the price slipped 8 cents to $10.12, Scotia Group had 76,218 shares changing hands at 40 cents to $20.10, Scotia Investments closed with 4,040 units trading as the price slipped 4 cents to $22.51 and Seprod ending with 31,164 units trading at 40 cents to $12.10.Preference| Jamaica Money Market Brokers 7.50% preference share traded, ending with 79,152 units changing hands at $2.
NCB trades at new high of $21
January 27, 2015 by
National Commercial Bank (NCB) closed with the price unchanged on Tuesday, but the stock traded at a new high of $21 during trading, as investors react positively to the group’s December results and hike in dividend payment. NCB has only 159,257 units posted on offer in the market at the close, between $22 and $33. Demand ranges from $19.80 down to $16. There are bids amounting to 217,950 units posted to buy at $19 or higher.
Activity on the Jamaica Stock Exchange, resulted in the prices of only 3 stocks rising, 6 declining as just 18 securities changed hands, ending in 2,915,904 units trading, valued at $27,617,128, in all market segments.
Main Market| The JSE Market Index lost 2.49 points to 77,059.90, the JSE All Jamaican Composite index fell 2.79 points to close at 84,874.85 and the JSE combined index declined 5.67 by points to close at 78,932.63
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 11 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower.
Gains| The sole stock gaining at the last traded price is Carreras with 76,616 shares trading, to gain 38 cents at $38 at the close.
Firm| The stocks in the main market to close without a change in their last traded prices are, Berger Paints in concluding trading in 15,500 shares with the price holding at $1.55. Kingston Wharves with 330 shares changing hands, closed at $5.60, NCB closed with 1,042,580 shares trading at $20, but after it traded at a new 52 weeks high of $21, Sagicor Group had 87,652 units exchanged at $10.20 and Supreme Ventures closed with 188,628 units trading, to close at $2.15.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless closing with 1,147,040 units trading, the price slipped 1 cent to 50 cents. Gleaner contributed 38,200 shares trading lower by 1 cent to 81 cents, Grace Kennedy closed with 235 shares changing hands to end up 43 cent lower at $62.57, Hardware & Lumber ended trading with 4,500 units, as the price slipped 14 cents to $7.51. Jamaica Broilers finished with 51,000 units trading as the price declined 1 cent to $4 and Proven Investments ended with 41,445 units trading as the price slipped 0.02 cent to 21 US cents.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 103,000 units at $3, Proven Investments 8% preference share traded 40,300 units to close at $5.
10 JSE stocks rose 6 declined Monday
January 26, 2015 by
National Commercial Bank stock price hit a new 52 weeks high of $20 in trading on the Jamaica Stock Exchange on Monday with 1,066,318 shares changing hands. One million units of the stock was bought and sold by Stockbroker, Sagicor Investments at $20 each.
After three consecutive days of declining stocks beating out advancing ones last week, breaking the trend that was in place since the start of the year, with no trading day closing with number of declining stocks being more than advancing ones, activity on the exchange returned to the trend prior to the days of decline on Monday. At the close on Monday, the prices of 10 stocks gained, 6 declined as 23 securities changed hands, ending in 4,912,390 units trading, valued at $30,624,883 in all market segments. The positive advance, decline ratio did not prevent large declines in the main market indices as Carreras gave back most of the gain it enjoyed on Friday.
Main Market| The JSE Market Index lost 765.65 points to 77,062.39 , the JSE All Jamaican Composite index declined 856.03 points to close at 84,877.64 and the JSE combined index declined by 716.44 points to close at 78,938.30.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows stocks with bids higher than their last selling prices and stocks with offers that were lower.
Gains| Stocks gaining with last traded prices at the end of trading in the main market are, Cable & Wireless closing with 715,292 units changing hands, with a gain of 1 cent at 51 cents. Gleaner had 3,000 shares changing hands to close 2 cents up, at 82 cents, Grace Kennedy closed with 17,480 shares trading with a gain of 5 cents at $63, Jamaica Broilers ending with 2,000 units changing hands to close with 1 cents gain at $4.01. Jamaica Money Market Brokers finished with 4,000 ordinary shares with the price gaining 3 cents to $6.60, Jamaica Stock Exchange with 48,688 units changing hands to close with a gain of 10 cents at $2.10, National Commercial Bank closed at a new 52 weeks high with 1,066,318 shares changing hands and gained of 69 cents at $20. Proven Investments ended with 35,970 units changing hands to close 0.02 cent higher at 21.02 US cents, new all-time high and Sagicor Group closed with 20,820 shares trading with a gain of 5 cents at $10.20.
Firm| The stocks in the main market to close without a change in the last traded prices are, Berger Paints closed with 1,439 units trading at $1.55, Desnoes & Geddes concluding trading with 1,100 shares changing hands at $4.80, Mayberry Investments ended with 1,381,873 units trading to end at $2 and Scotia Group in trading 30,195 units at $20.50.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, the price of Carreras slipped $1.88 to closed with 1,650 units trading as at $37.62 and Radio Jamaica ended with 1,986 shares trading lower by 20 cent to $1.10.
Preference| Jamaica Money Market Brokers 7.25% preference share closed with 200 units being active, with the price rising 1 cents to $2.50, Jamaica Money Market Brokers 7.50% finished with 1,502,471 units trading at $2 and Proven Investments 8% preference share traded 1,555 units traded at $5.
First in 2014 declining stocks on top at JSE
January 21, 2015 by
Scotia Group gained 75 cents to $20.95
strong> Main Market| The JSE Market Index gained 640.21 points to 77,154.71, the JSE All Jamaican Composite index rose 715.79 points to close at 84,980.86 and the JSE combined index gained 663.14 points to close at 79,116.85.
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 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Hardware & Lumber ending with 3,000 units with the price rising 14 cents to $7.65. Jamaica Money Market Brokers closed with 13,396 shares changing hands 5 cents higher at $6.55, National Commercial Bank ended with 24,312 shares trading with a gain of 2 cents to $19.02, Sagicor Group swapped 2,900 shares with the price increasing by 10 cents to $10.30 and Scotia Group closed with 83,608 units changing hands 75 cents higher to $20.95.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless in exchanging 271,167 units ended at 50 cents. Kingston Wharves finished with 29,708 units trading to end at $6, Mayberry Investments closed at $2 with 15,772 units traded, Pan Jamaican Investment traded 1,040 units at $53 and Sagicor Real Estate Fund closed with 1,370 units trading at $6.95.Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Caribbean Cement closing with 31,686 units trading as the price slipped 18 cents to $2.32. Desnoes & Geddes contributed 26,049 shares in trading lower by 5 cents to $4.80, Gleaner closed with 103 shares changing hands lower by 5 cents to 85 cents, Grace Kennedy concluded trading with 1,010 units, the price slipped 95 cents to $62.05, Jamaica Broilers finished with 14,950 units trading as the price declined by 8 cents to $4.02. Proven Investments ended with 235,450 shares trading lower by 0.39 cents to 20.61 US cents, Salada Foods in concluding transaction in 200,000 units closed with the price falling 11 cents to $10.39, Scotia Investments traded 3,674 units with the price declining 49 cents to $22.51 and Seprod closed with 1,711 shares trading lower by 50 cents to $12.50.
Preference| Jamaica Money Market Brokers 8.75% preference share had 17,216 units changing hands at $3 and Jamaica Money Market Brokers 7.50% preference share traded 15,000 units at $2.
More stocks rise than fall on JSE
January 20, 2015 by
Tuesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 5 stocks rising and 3 declining as 24 securities changed hands, ending in 1,476,405 units trading, valued at $13,434,336, in all market segments.
Main Market| The JSE Market Index fell 185.93 points to 76,514.50, the JSE All Jamaican Composite index declined 207.87 points to close at 84,265.07 and the JSE combined index declined by 180.94 points to close at 78,453.71.
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 2 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Desnoes & Geddes ending with 130,300 shares trading, with a gain of 5 cents to $4.85. Jamaica Broilers closed with 10,368 units changing hands to close 10 cents up to $4.10, Mayberry Investments ending with 8,800 shares with the price gaining 2 cents to $2 and Proven Investments finished with 379,550 shares changing hands to close 0.05 cents to 21 US cents, a new 52 weeks’ high.
Firm| The stocks in the main market to close without a change in the last traded prices are, Barita Investments ended with 2,350 units trading at $2.25, Cable & Wireless closed with 36,903 shares trading at 50 cents, Jamaica Money Market Brokers ending with 106,535 ordinary shares changing hands at $6.50. Kingston Wharves finishing with 693 shares changing hands at $6, National Commercial Bank closed with 15,655 units traded at $19. Pan Jamaican Investment finished with 4,493 units at $53, Radio Jamaica ended with 56,739 shares trading at $1.30, Sagicor Group closed with 43,610 units trading at $10.20, Sagicor Real Estate Fund finishing with 20,000 shares changing hands at $6.95 and Scotia Investments traded 1,580 shares changing hands to close at $23.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Berger Paints finished with 2,512 units trading, the price slipped 15 cents to $1.55, Scotia Group ended trading with 11,262 shares changing hands to close lower by 306 cents to $20.20.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 14,000 shares changing hands to close at $3, Jamaica Money Market Brokers 7.50% preference share traded 100,000 units trading at $2 and Proven Investments 8% preference share traded finished with 20,500 units trading at $5.
Declining stocks still can’t get upper hand
January 19, 2015 by
With more than 2 trading weeks gone in January, the number of declining stocks have still not exceeded those advancing on any date so far on the Jamaica Stock Exchange. Monday’s trading activity, resulted in the prices of 7 stocks rising and 7 declining as 24 securities changed hands, ending in only 1,372,251 units traded, valued at a mere $9,697,061, in all market segments.
Main Market| The JSE Market Index gained 126.58 points to 76,700.43, the JSE All Jamaican Composite index rose 141.51 points to close at 84,472.94 and the JSE combined index advanced by 152.16 points to close at 78,634.65.
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 3 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless ending with 202,960 units changing hands to close with a gain of 2 cents at 50 cents. Pan Jamaican Investment ended with 3,607 units changing hands to close at 98 cents up to $53, Sagicor Group ending with 390 units with the price rising 20 cents $10.20 and Scotia Group ended trading with 28,908 shares changing hands to close 50 cents higher to $20.50.
Firm| The stocks in the main market to close without a change in the last traded price are, Grace Kennedy closing with 42,250 units at $63. Jamaica Stock Exchange finishing with 8,000 stock units trading at $2, Kingston Wharves ending with 1,582 shares at $6, Radio Jamaica trading 1,386 units at $1.30 and Supreme Ventures with 10,956 shares changing hands to close at $2.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Desnoes & Geddes finishing with 500 shares trading lower by 5 cents to $4.80, Jamaica Money Market Brokers closed with 255,465 ordinary shares changing hands to end lower by 15 cents at $6.50, Jamaica Producers ended trading with 445 units, the stock price slipped $1.30 to $15.70, Mayberry Investments finished with 1,020 units trading, the price declined by 2 cents to $1.98, National Commercial Bank closed with 30,713 units trading as the price fell 50 cents to $19 and Scotia Investments ended with 1,000 shares trading lower by 1 cent at $23.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 17,000 units at $3.