JMMB — Page 35

NCB & Grace dominate trading on JSE

April 17, 2015 by IC Insider.com

Grace traded over 1 million shares on Friday and closed at $64.

Activity on the Jamaica Stock Exchange, resulted in the prices of 8 stocks rising, 7 declining as 24 securities changed hands, ending in 4,036,900 units trading, valued at $124,288,838, in all market segments as Grace Kennedy and National Commercial Bank controlled 1 million shares each.

Main Market| The JSE Market Index gained 356.30 points to 85,090.13, the JSE All Jamaican Composite index increased by 398.35 points to close at 93,853.01 and the JSE combined index rose 340.07 points to close at 86,937.80.
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 2 with offers that were lower, down from Wednesday’s stronger reading.
Stocks trading included, Cable & Wireless with 989,876 shares, to close at 50 cents, after losing 2 cents, but traded as high as 52 cents,
Carreras traded 1 million units at $43.50, up by $1.50, Grace Kennedy had 1,100,230 units trading, to close $1.95 higher, than on Thursday, at $64, but the stock traded previously at $62.10. The trade was worth $68.3 million. Jamaica Money Market Brokers 8.75% preference share ended with 38,800 units trading, at $3.10,

National Commercial Bank traded 40,096 units, all at $25.53, slipping by 47 cents for Thursday’s close. Pan Jamaican Investment had 29,160 shares trading at $55.10, followed by Proven Investments closed with 20,151 unchanged at 18 US cents, Sagicor Group with 202,495 at $10.50, Scotia Group traded 25 cents higher at $22.25 having traded as low as $22 with 248,882 units and Scotia Investments with 22,000 units closed at $23.01.

Filed Under: JSE Main Market, Stock Market Tagged With: C&WJ, Carreras, Grace Kennedy, JMMB, Pan Jam, Proven, Sagicor, Scotia

Moderate price changes on TTSE

April 17, 2015 by IC Insider.com

Trading on the Trinidad Stock Exchange closed with 10 securities changing hands of which 1 advanced, 3 declined and 6 traded firm with a total of 96,614 units, valued at $998,347.
At the close of the market, the Composite Index lost 0.82 points to close at 1,150.66, the All T&T Index fell by just 0.11 points to close at 1,964.88 and the Cross Listed Index fell 0.20 points to end at 44.11.
Gains| Unilever Caribbean enjoyed the day’s sole price increase, climbing 5 cents to end the day at a new 52 weeks’ high of $66.08.
Declines| The stocks declining at the end of trading are, First Citizens Bank adding 4,644 shares valued at $165,151, closing 1 cent lower at $35.56. Sagicor Financial Corporation suffering a loss of 25 cents, to close at $6 with 64,675 shares changing hands for a value of $388,807 and Republic Bank with 763 shares traded 4 cents down at $115.95.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund ending at $22.50, while trading 2,543 units, Guardian Holdings with 10,994 shares trading for $156,115, ended at $14.20. had just 1,000 shares changing hands at 43 cents, National Flour Mills with 600 shares changing hands, closed at $1.50, Scotiabank exchanged 453 shares, to close at $62.11 and Trinidad Cement contributing 9,593 shares at $2.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: clico, First Citizens, Guardian Holdings, JMMB, JMMB Group, National Flour Mills, Republic Bank, Sagicor, Sagicor Financial Corporation, Scotia, Trinidad Cement, Unilever Caribbean

14 stocks rise up on JSE Thursday

April 16, 2015 by IC Insider.com

NCB closed at a new 52 weeks’ high on Thursday at $26.

Activity on the Jamaica Stock Exchange, resulted in the prices of 14 stocks rising, 6 declining as 29 securities changed hands, ending 7,222,423 in units trading, valued at $25,918,286, in all market segments.
Main Market| The JSE Market Index lost 103.43 points to 84,734, the JSE All Jamaican Composite index fell 115.64 points to close at 93,454.66 and the JSE combined index declined by 31 points to close at 86,597.73.

IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 9 stocks with bids higher than their last selling prices and 4 with offers that were lower, down from Wednesday’s stronger reading.
In trading, Cable & Wireless traded 3,172,266 shares to close at 52 with a 2 cents gain. Carreras traded 104,311 units to end at $42, Grace Kennedy had 51,721 shares changing hands and lost $1.15, to end at $62.05, Jamaica Money Market Brokers 8.75% preference share traded 1,100,000 units at $3.10.

Margaritaville (Turks) had 87,810 units trading at 10 US cents, after the company released nine months’ results to February. National Commercial Bank seemed to have reacted to the announcement of dividend consideration at the board meeting later this month, and traded 105,554 shares, first at $25.50 and then at $26 with a gain of 74 cents for a new 52 weeks’ high. Sagicor Group had 41,700 units changing hands and closed at $10.35 and Scotia Group traded 98,372 units at $22, and Supreme Ventures traded 1,435 units, lost 34 cents to end at $2.50.

Filed Under: JSE Main Market, Stock Market Tagged With: C&WJ, Carreras, Daily Trading, Grace Kennedy, Jamaican Stock, JMMB, Margaritaville Turks, NCB, Sagicor, Scotia, Supreme Ventures

TTSE marking time

April 16, 2015 by IC Insider.com

Trading on the Trinidad Stock Exchange ended Thursday with 10 securities changing hands of which 2 advanced, 1 declined and 7 traded firm with a total of 167,953 units, valued at $1,778,490.
At the close of the market, the Composite Index lost 0.16 points to close at 1,151.48, the All T&T Index rose fell by just 0.33 points to close at 1,964.99 and the Cross Listed Index remained at 44.31.
Gains| Stocks increasing in price at the close are, Ansa Merchant Bank contributing 7,740 shares with a value of $301,473 closed at 4 cents up at $38.95 and First Citizens Bank traded 2,570 shares to close with a gain of 1 cent, $37.57.
Declines| National Enterprises was sole declining stock as it lost 3 cents to end the day at a 52 weeks’ low of $17.30.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA Mcal trading just 100 shares to close at $66.91, Clico Investment Fund with 42,588 shares valued at $958,654 ended at $22.50, Guardian Holdings contributed 1,131 shares with the price closing unchanged at $14.20. JMMB Group with 10,000 shares trading, ended at 43 cents, while Massy Holdings added 3,718 shares valued at $234,420 and ended at $763.05, National Flour Mills with 99,633 shares changing hands for a value of $149,450 and closed at $1.50, West Indian Tobacco trading 73 shares to close at $125.10.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Mcal, Ansa Merchant Bank, clico, Daily Trading, First Citizens, Guardian Holdings, JMMB, JMMB Group, Massy Holdings, National Enterprises, National Flour Mills, TTSE, West Indian Tobacco

9 stocks down 8 up Tuesday

April 14, 2015 by IC Insider.com

Activity on the Jamaica Stock Exchange, resulted in the prices of 8 stocks rising, 9 declining as 23 securities changed hands, ending in 2,465,588 units trading, valued at $17,727,553, in all market segments.
Main Market| The JSE Market Index lost 511.59 points to 84,808.30, the JSE All Jamaican Composite index fell 571.97 points to close at 93,537.92 and the JSE combined index declined by 441.31 points to close at 86,588.19.
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 just 3 with offers that were lower.
Caribbean Cement traded 303,000 shares to close at $2.20 after losing 10 cents and trading as high as $2.30, at the close there were 885,782 shares on the bid to buy at $2.20. Carreras had 58,560 shares changing hands at $42, Gleaner Company traded 147,918 shares at 84 cents, Jamaica Broilers Group had 370,909 units trading at the close at $4.50. JMMB Group, the holding company for Jamaica Money Market Brokers, traded 17,000 shares at 7.02 for a 3 cents loss but the stock closed with a bid to buy 10,851 shares at $7.48. National Commercial Bank traded 357,680 units while closing 25 cents higher at $25.50, but traded as low as $25.26 and Jamaica Money Market Brokers 8.75% preference share closed with 544,485 units trading at $3.10, down 10 cents.
Salada Foods traded just 5,000 shares but lost $1.30 in closing at $9, Scotia Investments traded 10,400 units to close 5o cents up at $23.50,

Filed Under: JSE Main Market, Stock Market Tagged With: Caribbean Cement, Carreras, Gleaner, Jamaica Broilers, Jamaica Money Market Brokers, JMMB, JMMB Group, NCB, Salada Foods, Scotia, Scotia Investments

Scotia pushed up JSE on Thursday

April 2, 2015 by IC Insider.com

Scotia closed at a new 52 weeks’ high on Thursday

Trading on the Jamaica Stock Exchange, started Thursday off on a bright note with the main market index gaining nearly 2,000 points by 10 in the morning. This robust activity did not carry over to the rest of the day and the indices eased a bit as Scotia Group, the main reason for the big jump, pulled back from $23 to $22.50 at the close.
Trading resulted in the prices of 10 stocks rising, 3 declining as 20 securities changed hands, ending in 2,668,728 units trading, valued at $29,091,872, in all market segments.
Main Market| The JSE Market Index gained 1,509.67 points to 85,105.92, the JSE All Jamaican Composite index rose 1,687.89 points to close at 93,870.67 and the JSE combined index gained 1,494.99 points to close at 86,787.92.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 9 stocks with bids higher than their last selling prices and 7 stocks with offers that were lower, an indication of a market that will move in a sideward manner near term.

Scotia Group traded 841,758 shares between $22.20 and $23 but closed at a new 52 weeks’ high of $22.50, Scotia visible supply, is only 111,000 shares between $22.50 and $24.49 while demand is above 363,000 down to $21.50 with more at $21.11 and lower. Jamaica Broilers Group traded 335,165 shares at $4.50 and ended with a bid of $4.30 to buy 112,000 units and an offer of 60,000 at $4.69, strong support is at $4 for 1.93 million units. National Commercial Bank traded 129,760 units to close at $25 and ended with a bid of $25 to purchase 83,333 shares with an offer of 200,000 shares at $25.28, there is also 679,000 units on offer at $25.50, good support is down to $24 to $24.17. Sagicor Group traded 229,350 shares and closed at $10.50. There are two offers one at $11.40 to sell $17,500 shares and another to sell 887,000 units at $12.50, there is good support at $10 with of 520,000 units.
Other stocks of interest are Desnoes and Geddes with the bid at $5.50 to buy 20,000 shares but with only one offer to sell 10 million units at $6, stronger support is at $5.41. Carreras with a bid at $41 to buy 7,500 units with further support down to $40 with the lowest offer being at $44.50 for 4,000 shares, the next offer is at $46 for 12,000 and 2,000 shares at $47. Significant offer is at $50 and then $56.50.

Jamaica Money Market Brokers has a bid to but 100,000 units at $7.05 and the lowest offer is at $7.98 to sell 7,000 units, currently, there is not much on the sell side around the lowest offer, while buying is mostly around the $6.50 level. Radio Jamaica has 1 million units on the bid at $148 with one offer at $2 for 190,000 units for sale and Sagicor Real Estate Fund with 1.44 million units on the offer at $6.95 to sell and moderate demand with a bid for 16,030 at $6.90, total bids amounts to 60,000 units with $5 being the lowest.

Filed Under: JSE Main Market, Stock Market Tagged With: Carreras, D&G, Daily Trading, Jamaica Broilers, JMMB, NCB, Radio Jamaica, Sagicor, Scotia

2 new highs on TTSE Thursday

April 2, 2015 by IC Insider.com

WITCO traded at a new 52 weeks’ high on Thursday

Trading on the Trinidad Stock Exchange on Thursday ended with 15 securities changing hands of which 5 advanced, 3 declined and 7 traded firm with a total of 484,840 units, valued at $17,058,064 as two stocks closed at 52 weeks’ high.
At the close of the market, the three main indices advanced, the Composite Index rose 0.40 points to 1,155.22, the All T&T Index rose 0.49 points to close at 1,972.96 and the Cross Listed Index increased by a mere 0.04 points to end at 44.24.
Gains| Stocks increasing in price at the close are, Clico Investment Fund trading 45,300 shares, valued at $1,020,159 to advance by 1 cent, to $22.52. Jamaica Money Market Brokers trading 550 units, closing at $43, with a gain of 2 cents, Scotia Investments with 3,888 shares trading, advanced by 2 cents to $1.55. Unilever Caribbean stock price rose 44 cents, to end at a new 52 weeks’ high of $66, with 2,820 shares changing hands and West Indian Tobacco traded 297 shares to close with a gain of 5 cents to end at a new 52 weeks’ high of $125.10.
Declines| The stocks declining at the end of trading are, First Citizens Bank trading 4,558 shares and closing 1 cent down, at $35.37, Republic Bank fell 6 cents to close at $117.87 with 30,535 shares traded for $3,599,300 and Scotiabank, the volume leader, with 167,494 shares changing hands for a value of $10,401,420, closing at $62.

Firm Trades| Stocks closing with prices unchanged at the end of trading are, Firstcaribbean International Bank with 937 shares changing hands, and closing at $5, Guardian Holdings contributing 1,154 shares closing unchanged at $14.50. National Commercial Bank trading 3,100 units at $1.55, National Flour Mills traded 1,847 shares at $1.50, One Caribbean Media closing at $22.30 with 503 shares trading, Prestige Holdings with a volume of 139,113 shares being traded for $1,391,130 at $10 and Trinidad Cement in contributing 82,744 shares with a value of $215,134 at $2.60.
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 3 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: clico, Daily Trading, First Citizens, Firstcaribbean International Bank, Guardian Holdings, JMMB, NCB, One Caribbean Media, Prestige Holdings, Republic Bank, Scotia, Scotia Investments, Trinidad Cement, TTSE, Unilever Caribbean, West Indian Tobacco

Are JSE month end prices manipulated?

March 31, 2015 by IC Insider.com

Grace shares gained $1.49 to end at $62.50 on Tuesday

At the close of trading on the penultimate day of March, the Jamaica Stock Exchange closed with one of the highest number of bids in excess of the last traded prices of stocks on the exchange. The closing prices of stocks on Tuesday, resulted in one of the highest number gaining in one day, for some time, and they were just over the number of higher bids at the close on Monday. On Tuesday, the bids that were higher than the last selling prices of stocks, fell back sharply at the close.
From as far back as the last full week before the month end, there were signs of closing bids and offers being posted with what appears an intent to maintain them at higher levels until month end or close thereto as possible. Tuesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 18 stocks rising, only 3 declining as 32 securities changed hands, ending in 3,268,722 units trading, valued at $28,664,047, in all market segments.
Main Market| At the close the JSE Market Index lost 441.41 points to 83,804.68, the JSE All Jamaican Composite index fell 493.52 points to close at 92,415.82 and the JSE combined index declined 433.24 points to end at 85,404.60.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows just 7 stocks with bids higher than their last selling prices and 4 with offers that were lower in contrast with 14 to 4 at the end of trading on Monday.
Gains| Stocks gaining with last traded prices, at the end of trading

Scotia Investments gained $1.50 to end at $23.50 on Tuesday

in the main market are, Barita Investments with 500 shares trading with a gain of 3 cents to $2.22, Desnoes & Geddes closing with 28,800 shares, the price gained 1 cent to $5.41. Grace Kennedy finishing trading with 200,622 units as the price ended higher by $1.49 to $62.50, Mayberry Investments ending trading with 72,099 shares, 2 cents higher at $2.10, National Commercial Bank closing with 143,351 shares while gaining 30 cents to $25.18, Pan Jamaican Investment contributing 600 units and the price closing with a gain of 1 cent, at $57.02. Radio Jamaica completing trading with 96,791 shares and rising 12 cents to $1.50, Sagicor Group concluding trading with 661,549 units and put on 5 cent to $10.55, Scotia Investments had 16,450 shares changing hands to end with an increase of $1.50 at $23.50 and Supreme Ventures closing with 5,000 shares as the price climbed 11 cents to $2.40.
Firm| The stocks in the main market to close without change in the last traded prices are, Cable & Wireless finishing trading with 172,000 shares at 50 cents, Caribbean Cement in trading 1,500 shares while ending at $2.25. Carreras completed trading with 1,980 shares changing hands at $40, Jamaica Broilers with 2,000 shares changing hands closed at $4.50, Jamaica Money Market Brokers while exchanging 17,572 ordinary shares closed at $7.06, Proven Investments ending trading with 6,300 units with the price remaining 18 US cents and Sagicor Real Estate Fund had 22,500 shares changing hands at $6.90.

Declines| There was only one stock that closed lower than the opening as Scotia Group finished trading with 79,892 units to close at $21.76, after losing 44 cents.
Preference| In the preference sector, Jamaica Money Market Brokers 8.75% preference share closed with 500 shares changing hands, 1 cent higher at $3.05, Jamaica Money Market Brokers 7.25% preference share trading with 1,500 units at $2.50, Jamaica Money Market Brokers 7.50% preference share concluding trading with 25,072 units at $2 and Eppley 9.5% preference share, closing with 22,676 shares changing hands at $6.

Filed Under: JSE Main Market, Stock Market Tagged With: Barita Investments, C&WJ, Caribbean Cement, Carreras, D&G, Grace Kennedy, Jamaica Broilers, JMMB, Kingston Wharves, Mayberry, NCB, Pan Jam, Proven, Radio Jamaica, Sagicor, Scotia, Supreme Ventures

Jamaican stocks up 3,000 points in 3 days

March 30, 2015 by IC Insider.com

Jamaican stocks have risen 3,054 points in the last three trading days but will it last or will the rally which started in October last year power on up? The movement is reflected in the all Jamaica Composite Index of the Jamaica Stock Exchange between last Thursday and Monday. Market activity resulted in Monday’s closing All Jamaica Index reaching the highest level, since early June 2012.
The increase took place on very low volume and was influenced mainly by one stock, Scotia Group with a mere 1,000 units trading as the prices of 6 stocks rose, 7 declined and only 21 securities changed hands, ending in 1,756,279 units trading, valued at $8,819,494, in all market segments.
Main Market| The JSE Market Index gained 848.12 points to 84,246.09, the JSE All Jamaican Composite index rose 948.24 points to close at 92,909.34 and the JSE combined index climbed 805.21 points to close at 85,837.84.
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 6 stocks with offers that were lower.

JMMB traded as high as $7.99 on Monday a new 52 weeks intra day high

Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Gleaner finished trading with 143,821 units to close with a gain of 4 cents to 90 cents, Jamaica Money Market Brokers closing with 2,264 shares traded with a gain of 1 cent to $7.06, but traded at a new 52 weeks high during the day of $7.99, Sagicor Group finishing with 104,619 shares while gaining 2 cents to $10.50 and Scotia Group closing with 1,000 shares as the price jumped at 70 cents to $22.20.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless contributing 64,085 shares trading at 50 cents, Jamaica Broilers finishing trading with 4,794 shares traded with a gain of $4.50, Jamaica Producers while exchanging 5,000 shares closed at $15.60. Proven Investments closed with 40,146 units trading at 18 US cents and Seprod concluding trading with 1,156 units, closed at $14.

Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras finishing trading with 29,981 units, the price slipped $1 to $40, Desnoes & Geddes with 28,745 units trading, closed lower by 5 cents at $5.40. Grace Kennedy concluding trading with 7,475 units to close down by 49 cents to $61.01, National Commercial Bank trading 120,019 shares changing hands 12 cents lower to $24.88, Radio Jamaica lost 1 cent while trading 7,206 shares at $1.38 and Sagicor Real Estate Fund there was dealing in 36,600 units to close lower by 5 cents to $6.90.
Preference| Jamaica Money Market Brokers 7.25% preference shares ending trading with 26,900 shares changing hands at $2.50 and Proven Investments 8% preference share traded just 307 units to end at $5.50.

Filed Under: JSE Main Market, Stock Market Tagged With: C&WJ, Carreras, D&G, Daily Trading, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica dollar, Jamaica Producers, JMMB, NCB, Proven, Radio Jamaica, Sagicor, Sagicor Real Estate X Fund, Scotia, Seprod

Scotia pushes AJI to 92,901.30