Scotiabank gained 50 cents at the close of trading on Monday, along with 55 cents it gained on Friday, as the price continues to recover from the low of $57.98 reached a few weeks ago, but Citizens Bank also gained following profit results showing a slight improvement in 2014 compared with 2013.
Trading on the Trinidad Stock Exchange closed with 13 securities changing hands of which 3 advanced, 4 declined and 6 traded firm, with a total of 410,233 units, valued at $4,060,315 being active. At the end, the Composite Index rose 1.11 points to close at 1,142.76, the All T&T Index rose 3.25 points to close at 1,976.92 and the Cross Listed Index fell 0.13 points to end at 40.39.
Gains| Stocks increasing in price at the close are, Clico Investment Fund gained 4 cents with 61,588 shares traded, valued at $1,417,428, to close at $23.05, a new 52 weeks’ high. First Citizens Bank traded 15,973 shares valued at $591,047, ending with a gain of 13 cents at $37 and Scotiabank gained 50 cents to end at $60.50 while trading 6,794 units, valued at $410,901.
Declines| The stocks declining at the end of trading are, Jamaica Money Market Brokers had 214,275 shares changing hands but fell 3 cents to 41 cents, One Caribbean Media traded 5,152 units at $25.09 but lost a cent. Republic Bank had 5,000 shares changing hands for a value of $598,950 and closed with a decline of 1 cent to end at $119.79 and Trinidad Cement lost 5 cents to close at $2.50 in trading 10,780 shares.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Flavorite Foods had 50 shares trading at $4.80, Guardian Holdings with 42,132 shares traded for $558,721, gained 1 cents to $13.25, Massy Holdings traded 1,840 shares, to close at $68.24. National Enterprises traded just 17 units to end at $17.50, Sagicor Financial Corporation traded 10,000 shares and ended at $6 and Scotia Investments contributed 36,632 shares at $1.45.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.
Scotiabank at it again on Monday
Kingston Properties’ bid $5.85 was $6.80 earlier
The market fell sharply on Thursday but the movement does not tell the true story of some of the positive developments taking place. At the close of trading, Kingston Properties was in strong demand with bids in to buy as high as $5.85, as well as a bid to buy 1 million units at $5.20.
Earlier in the week, the stock had a bid of $6.80 to purchase 200,000 and another of 1,000,000 shares at $6. IC Insider understands that there is interest to buy as high at $7. The net asset value of the stock is just over $12, well ahead of the last price of $4, the stock traded. There have been no stocks on offer for some time. The company reported earnings per share of 7 cents for the nine months to September but comprehensive income which includes foreign exchange gains on translation of the overseas subsidiary, brings the earnings to 70 cents. The company announced in June this year a program to buy back some shares.
Thursday’s activity on the Jamaica Stock Exchange fell below normal, with only 15 securities changing hands. Price movements were mostly negative with the prices of only 2 stocks rising and 8 declining. The total of all active stocks ended in 1,548,128 units trading, valued at $14,446,018, in all market segments.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator is showing a slight bias to the upside with 4 stocks having bids higher than their last selling prices and 2 stocks with offers that were lower.
Main Market| The JSE Market Index dropped 987.64 points to 75,036.71, the JSE All Jamaican Composite index fell 1,104.33 points to close at 82,612.78 and the JSE combined index gained declined by 983.77points to close at 76,796.34.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Carreras finishing with 9,761 shares changing hands at 4 cents higher to $36.20 and Proven Investments closed at 19 US cents by gaining 0.05 cents while trading 300,000 units.
Firm| The stocks in the main market to close without a change in the last traded prices are, Mayberry Investments ended with 15,940 shares trading at $1.49 and Sagicor Group completed trading with 57,353 shares changing hands to close at $9.96.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Caribbean Cement closed with 3,711 units trading as the price slipped 1 cent to $2.40, Desnoes & Geddes finished trading 102,207 shares trading 1 cent lower to $4.65, Jamaica Broilers ended with 169,738 shares while losing 1 cent to $4.05, National Commercial Bank concluded trading with 11,070 units and closed 10 cents lower at $18.40 and Scotia Group closed with 106,732 units as the price slipped 50 cents to $20.
Preference| Jamaica Money Market Brokers 8.75% preference share finished with 143,500 units changing hands to close unchanged at $3.
Bulls want to take over JSE
Wednesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 14 stocks rising and only 5 declining as 26 securities changed hands, ending in 7,178,648 units trading, valued at $38,478,576, in all market segments. Wednesday is the second day within less than a week, that the prices of more than 13 stocks rose, with only a few falling.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 3 stocks with bids higher than their last selling prices and 1 stock with a lower offer.
Main Market| The JSE Market Index gained 980.87 points to 76,024.35, the JSE All Jamaican Composite index rose 1,096.76 points to close at 83,717.11 and the JSE combined index gained 980.32 points to 77,780.11. The market indices rose higher during trading, than the levels they closed at, but settled back lower at the close.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless completed trading with 1,302,045 shares with the price rising 1 cent to 46 cents. Supply of the stock has fallen sharply since trading on Tuesday, now with only 12 offers to sell 6.5 million units, between 50 cents and $1 each. Caribbean Cement closed trading with 11,000 units and put on 1 cent to $2.41, Desnoes & Geddes concluded trading with 70,750 shares changing hands, with a gain of 1 cent to $4.66. Grace Kennedy ended with 20,239 units to close with a gain of 51 cents to $60.51, Jamaica Broilers finished trading with 228,433 shares, with the price rising by 1 cent to $4.06. Jamaica Producers contributed 155,000 units and put on $1.04 to $17, National Commercial Bank ended trading with 176,050 shares to end with an increase of 30 cents to $18.50, Scotia Group closed with trading in 977,666 shares, the price ended at 40 cents higher at $20.50 and Scotia Investments finished trading with 4,500 shares with a gain of 41 cents to $21.51.
Firm| The stocks in the main market to close without a change in the last traded prices are, Ciboney ending with 2,000 shares trading at 7 cents. Jamaica Money Market Brokers closed with 11,000 ordinary shares trading at $7, Kingston Wharves ended with 200 shares at $6 and Sagicor Group ended trading with 65,547 shares changing hands to close at $9.96.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Berger Paints closing with 30,350 units as the price slipped 9 cents to $1.51, a new 52 weeks’ low. Carreras finished with 68,034 shares trading lower by 84 cents to $36.16, Mayberry Investments ended with 1,224 shares with a loss of 3 cents to $1.49, Sagicor Real Estate Fund ended trading with 137,095 units and closed at 25 cents to $7 and Supreme Ventures closed with 2,000 units as the price slipped 5 cents to $1.90.
Preference| Jamaica Money Market Brokers 8.50% preference share traded 27,800 units to close at $3.50.
Scotiabank heading higher on TTSE
At the end of trading on the Trinidad Stock Exchange, Scotiabank traded over 40,000 shares but left unsatisfied orders to buy 129,576 units at $59.45, with no stock on offer, a sure sign of higher prices down the road. The overall market shows signs of rising prices ahead, for a number of the listings on the market.
At the market closed with 13 securities changing hands of which 2 advanced, 3 declined and 8 traded firm, for a total of 1,431,779 units, valued at $5,790,544.
At the close of the market, the Composite Index rose 0.02 points to close at 1,144.80, the All T&T Index inched up by just 0.06 points to close at 1,971.71 and the Cross Listed Index remained at 41.63.
Gains| Stocks increasing in price at the close are, Massy Holdings in trading 1,915 shares, closed at $68.24, down a cent. Sagicor Financial Corporation contributed 56,133 shares with a value of $336,798 to gain 5 cents and end at $6 and Scotiabank traded 40,908 shares, valued at $2,431,162 to close with a gain of 1 cent at $59.43, the stock closed with a higher bid than the last selling price.
Declines| The stocks declining at the end of trading are, Jamaica Money Market Brokers with 470,000 shares traded for $206,800, lost 1 cent to end at 44 cents and National Flour Mills fell 2 cents to close at $1.10 with 2,129 units changing hands.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund with 18,685 units valued at $429,790 changing hands but remained at $23, First Citizens Bank traded 1,700 shares at $36.81. Guardian Holdings added 54,540 shares valued at $722,655 to end at $13.25, National Commercial Bank closed with 715,652 shares changing hands for a value of $794,373 at $1.11. National Enterprises with 2,291 shares trading closed at $17.43, Sagicor Financial Corporation 6.5% preference share had trading in 50,000 shares with a value of US$55,000 at $6 each and West Indian Tobacco traded 1,826 shares valued at $221,421 to close at $121.26.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than their last selling prices and 1 stock with the a lower offer.
12 stocks fall only 6 rise on JSE
Pan Jam reached a new high on Tuesday, closing at $56.10.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, 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.
Main Market| The JSE Market Index dipped 480.86 points to 75,043.48, the JSE All Jamaican Composite index fell 537.67 points to close at 82,620.35 and the JSE combined index gained declined by 477.17 points to close at 76,799.79.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Hardware & Lumber closing with 31,000 shares and rising 97 cents to $7.47. Jamaica Broilers concluded trading with 122,964 shares changing hands, with a gain of 5 cents to $4.05, Pan Jamaican closed at a new 52 weeks’ high of $56.10 while 519 shares changed hands, $1.10 higher. Sagicor Group concluded trading with 34,742 units and put on 1 cent to $9.96 and Salada Foods ended with 20,000 units, to close with a gain of 30 cents to $7.80.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless ending trading with 21,759 shares at 45 cents, Jamaica Money Market Brokers ended with 7,885 ordinary shares changing hands to close at $7, Jamaica Producers closed with 1,321 shares changing hands at $15.96. Mayberry Investments saw trading in 98,300 shares for $1.52, National Commercial Bank ended with only 580 shares changing hands to close at $18.20 and Proven Investments completed trading with 70,000 shares changing hands at 18.5 US cents.Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Caribbean Cement ended with 42,116 units as the price slipped 4 cents to $2.40, Desnoes & Geddes closed with 2,560 shares trading lower by 5 cents to $4.65, Grace Kennedy finished with 1,225 shares with a loss of $2 to $60, Radio Jamaica ended with 558,009 units and closed 3 cents down to $1.15, Scotia Group ended trading with 72,402 units as the price slipped 30 cents to $20.10 and Scotia Investments completed trading with 184,817 shares trading lower by $1.40 to $21.10.
Preference| There was no trading of preference shares.
Main market closed higher on Monday
Monday’s activity on the Jamaica Stock Exchange, resulted in the prices of 6 stocks rising and 6 declining as 21 securities changed hands, ending in 1,220,997 units trading, valued at $7,880,967, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
Main Market| The JSE Market Index gained 157.42 points to 75,524.34, the JSE All Jamaican Composite index rose 176.02 points to close at 83,158.02 and the JSE combined index gained 124.88 points to close at 77,276.96.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless concluding trading with 469,204 shares, the price rose 1 cent to 45 cents. Desnoes & Geddes ended trading with 15,531 units and put on 1 cent to $4.70, Mayberry Investments finished with 7,140 shares while rising 2 cents to $1.52 and Sagicor Group ended with 1,494 units and put on 1 cent to $9.95.
Firm| The stocks in the main market to close without a change in the last traded prices are, Carreras with 18,918 shares changing hands to close at $37, Grace Kennedy finished with 25,000 shares trading at $62. Kingston Wharves ended trading with 3,000 shares at $6, National Commercial Bank saw trading in 190,112 shares at $18.20, Sagicor Real Estate Fund concluded trading with 49,750 shares changing hands to close at $7.25.
Declines| The last traded prices of stocks with losses, at the end of trading in the main market are, Jamaica Broilers closed with 140,520 shares trading lower by 5 cents, at $4, Jamaica Money Market Brokers finished with 7,528 shares, with a loss of 6 cents to close at $7. Scotia Group ended trading with 9,000 units as the price slipped 10 cents to $20.40 and Scotia Investments completed trading with 3,036 shares trading lower by 5 cents to $22.50.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 103,000 units to close at $3.
This market is going much higher
Graph showing market breaking resistance at 82,000, yellow line on the way to 91,000 points brown line.
Technically, the market has broken through resistance at 82,000 points on the all Jamaica Index on the November 19, retreated a bit but seems to be moving away from that point now. The next target is 91,000 points, the level reached in December 2012, which could well be reached by year end. The latest break of the 82,000 is the first of three attempts that the market has made to break through the descending trendline going back to late 2011 that has been successful. Supporting the move upwards, is the crossover of the short-term moving average line over the medium term moving average, the shortage of supply of most stocks and the lowering on Treasury bill rates, starting earlier this year and continuing up to the latest auction in November.
In trading on Friday, Grace Kennedy was the leading stock trading on Friday with 2 million units with a value of $120.7 million this was followed by Scotia Group with 258,000 shares valued at $5.2 million and Carreras with 123,000 units with a value of $4.5 million.
Grace off
Gains| The stocks ending with gains on Friday are, Caribbean Cement ending with 1,164 units trading with a gain of 4 cents at $2.44. Carreras completed trading with 123,082 shares, the price rose 1 cent to $37, Desnoes & Geddes saw trading in 29,970 units and put on 9 cents to $4.69, Jamaica Broilers concluded trading with 11,700 shares changing hands with a gain of 5 cents to $4.05. Jamaica Stock Exchange concluded trading with 7,000 units, to close with a gain of 7 cents to $1.57, National Commercial Bank closed with 13,210 units and put on 4 cents to $18.20, Sagicor Group finished with 67,188 shares to end with an increase of 3 cents at $9.93. Sagicor Real Estate Fund ended with 750 shares as the price gained 44 cents to $7.25, a new 52 weeks high, Scotia Group finished trading with 257,719 shares, the price jumped 49 cents to $20.50, Seprod contributed 819 shares as the price climbed 1 cent to $12.01 and Supreme Ventures ended trading with 40,000 shares traded with a gain of 5 cents to $1.95.
Firm| The stocks in the main market to close without a change in the last traded prices are, Grace Kennedy ended with 2,009,457 shares changing hands to close at $62 and Hardware & Lumber with only 500 shares trading, closed at $6.50.
Declines| Cable & Wireless was the only main market stock to fall with a 1 cents loss to 44 cents with1,363 units.
Preference| Jamaica Money Market Brokers 7.50% preference share traded 4,000 shares trading at $2.
JSE main market marching slowly up
Grace stock gained $1 to end at $62.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 9 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower as demand increases to buy stocks ahead of the year end close.
Main Market| The JSE Market Index gained 419.22 points to 74,769.09, the JSE All Jamaican Composite index rose 468.75 points to close at 82,313.54 and the JSE combined index gained 394.17 points to close at 76,575.63.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Grace Kennedy completed trading with 10,952 shares changing hands, with a gain of $1 to $62, National Commercial Bank saw trading in 17,306 units with a gain of 16 cents to $18.16. Sagicor Group finished trading with 337,678 shares with the price rising 2 cents to $9.90, Scotia Group ended trading with 24,212 units, the price put on 46 cents to $20.01 and Scotia Investments concluded trading with 25,000 shares changing hands with a gain of 5 cents to $22.55.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless ended with 34,400 units and closed at 45 cents, Jamaica Broilers exchanged 41,577 shares at $4 each, Kingston Wharves concluded trading with 9,700 shares changing hands to close at $6. Proven Investments had 525 shares changing hands to close at 18.5 US cents, Radio Jamaica contributed 4,758 shares to close at $1.18 and Supreme Ventures ended trading with 8,300 shares at $1.90.Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras ending with 11,848 units, as the price slipped 1 cent to $36.99, Gleaner closing at a new 52 weeks’ low while trading 20,000 shares at 99 cents, by slipping by 1 cent and Jamaica Money Market Brokers finished with 14,600 shares with a loss of 4 cents to $7.06.
Preference| Proven Investments 8% preference share traded 150 units at $5.50.
Market slips but 5 stocks rose 4 fell
Supreme Ventures stock rose nearly 6% to $1.90 on Wednesday
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator showed 5 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
Main Market| The JSE Market Index lost 108.71 points to 74,349.87, the JSE All Jamaican Composite index fell 121.55 points to close at 81,844.79 and the JSE combined index gained declined by 180.61 points to close at 76,181.46
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless that saw only 112,228 shares changing hands with a gain of 2 cents to 45 cents, Carreras in trading with 3,855 units with a gain of 11 cents to $37. Jamaica Producers concluded trading with 2,000 shares, the price rose 1 cent to $15.96, Scotia Group ended trading with 66,782 units and put on 5 cents to $19.55 and Supreme Ventures had 8,100 shares trading to end with an increase of 10 cents to $1.90.
Firm| The stocks in the main market to close without a change in the last traded prices are, Caribbean Cement with 4,592 shares for $2.40, Grace Kennedy concluded trading with 5,098 shares, changing hands to close at $61. Jamaica Broilers exchanged 10,970 shares at $4 each, Jamaica Money Market Brokers ended trading with 200 ordinary shares changing hands to close at $7.10. Jamaica Stock Exchange completed trading with 30,000 shares at $1.50, Kingston Wharves saw trading in 15,700 shares at $6, National Commercial Bank finished trading with 222,853 shares changing hands at $18 and Seprod concluded trading with 2,000 shares at $12.Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Sagicor Group finished with 114,849 shares with a loss of 2 cents to $9.88 and Sagicor Real Estate Fund finished trading with 4,270 units and fell 4 cents to $6.81.
Preference| Jamaica Money Market Brokers 8.50% preference share contributed 3,000 units at $3.50 and the Jamaica Money Market Brokers 8.75% preference share ended trading with 2,357,859 shares changing hands at $3.
Pan Jam jumps $3.30 to year’s high on JSE
Pan Jamaican Investments Trust jumped $3.30 to a new 52 weeks’ high, on Tuesday, trading in the stock accounted for $34.2 million of the day’s activity. Activity on the Jamaica Stock Exchange, resulted in the prices of 4 stocks rising and 7 declining as 18 securities changed hands, ending in 2,127,873 units trading, valued at $41,812,058, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than their last selling prices and 7 stocks with offers that were lower.
Main Market| The JSE Market Index lost 93.54 points to 74,458.58, the JSE All Jamaican Composite index fell 104.59 points to close at 81,966.34 and the JSE combined index declined by 138.77 points to close at 76,362.07.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Desnoes & Geddes completed trading with 1,000,000 shares changing hands, with a gain of 3 cents to $4.60. Jamaica Money Market Brokers saw trading in 2,300 ordinary shares and gained 5 cents to $7.10, Pan Jamaican Investment finished trading with 618,400 shares, the price rose $3.30 cent to $55 and Proven Investments concluded trading with 7,308 units and put on 1.20 cents to 18.5 US cents.
Firm| The stocks in the main market to close without a change in the last traded prices are, Carreras ending trading with 920 shares changing hands to close at $36.89, Jamaica Broilers exchanged 4,660 shares trading at $4. Jamaica Stock Exchange ended trading with 6,942 shares changing hands, at $1.50, Mayberry Investments contributed 8,159 shares at $1.50 and Radio Jamaica traded 8,882 shares at $1.18.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless ended with 48,985 units as the price slipped 2 cents to 43 cents, Jamaica Producers finished with 5,000 shares with a loss of 5 cents to $15.95, National Commercial Bank ended with 19,418 shares changing hands to close 11 cents down to $18, Sagicor Group ended trading with 36,298 shares for 10 cents less at $9.90 and Scotia Group ended with 53,411 shares changing hands to close lower by 50 cents at $19.50.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 282,190 shares changing hands to close at $3 Jamaica Money Market Brokers 7.50% preference share exchanged 3,000 units at $2.