Jamaica Producers

JSE main market slips – Monday

September 25, 2017 by IC Insider.com

Scotia Group dropped $3 to $46.

Trading on the Main and US dollar market of the Jamaica Stock Exchange ended with an almost even advance decline ratio resulting in the market indices slipping in a shortened trading session that commenced in the afternoon after the regular closing time had passed.
The volume of securities trading and the days last traded price are, Barita Investments that ended with a loss of 25 cents at $7.75, with 6,700 shares. Berger Paints concluded trading with a loss of 75 cents at $11.25, with 7,256 units, Cable & Wireless ended with a loss of 4 cents at $1, with 170,543 stocks changing hands, Carreras finished 50 cents higher at $11.50, with 464,114 units, Grace Kennedy finished $1.45 higher at $43.50, with 5,737 shares, Jamaica Broilers ended 50 cents higher at $17.50, with 39,878 stock units, Jamaica Producers concluded trading at $15, with 13,350 shares, JMMB Group finished 70 cents higher at $22.70, with 41,657 units, Kingston Properties finished at $7, with 2,000 shares, Kingston Wharves dropped $2.22 trading 18,341 shares to end at $28.51. Mayberry Investments traded with a loss of 50 cents at $4.10, with 2,138 units, NCB Financial fell 92 cents to $86.88 with 73,643 units changing hands. 1834 Investments ending at $1.40, with 93,917 stocks, PanJam Investment traded with a loss of 50 cents at $35, with 146,100 units, Portland JSX traded at $9.30, with 2,450 shares, Pulse Investments closed 9 cents higher at $1.80, with 7,701 stock units, Radio Jamaica closed at $1.12, with 49,263 units, Sagicor Group settled with a loss of 40 cents at $34, with 55,255 shares, Sagicor Real Estate Fund concluded trading 50 cents higher at $11.50, with 7,480 shares. Scotia Group dropped $3 to $46, with 44,994 stock units changing hands, Scotia Investments concluded trading 1 cents higher at $35.51, with 2,900 units, Supreme Ventures ended 9 cents higher at $11.09, with 699 shares.
In the main market preference segment, Jamaica Money Market Brokers 7.5% preference share traded at $2, with 232,000 units and JMMB Group 7.5% preference share closed at $1.19, with 503,100 shares.
In the US dollar market, Margaritaville traded just 100 units at 30 US cents, Productive Business Solution US ordinary shares lost 3 cents and closed at 62 US cents trading 750 units, Proven Investments US ordinary share closed at 23.99 US cents, after rising 1.99 US cents in exchanging 99,223 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 1834 Investments, Barita Investments, Berger Paints, Cable and Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Margaritaville, Mayberry Investments, NCB Financial Group, PANJAM Investment, Productive Business Solution, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate X Fund, Scotia Group, Scotia Investments, Supreme Ventures, Trading Activity

570,000 Berger shares snapped up

September 22, 2017 by IC Insider.com

Berger Paints traded 570,000 shares on Friday and closed at $12.

Investors snapped up more than 570,000 units of Berger Paints’ shares pushing the price to $12 at the close, as more news came to the public that Ansa Coatings is highly unlikely to get enough shares to force a delisting of the company from the Jamaica Stock Exchange based on the offer, of $10.88 per share.
The JSE market indices rose on Friday as Scotia Group recovered some ground with 9 other stocks posting gains even as 11 fell in value.
At the close of market activity, Barita Investments closed with a loss of 15 cents at $8 with 323 units trading, Berger Paints added 75 cents to close at $12 with 572,833 shares changing hands, Cable and Wireless closed at $1.04, gaining 3 cents with 13,270 units, Caribbean Cement closed with a loss of 30 cents at $25.50 with 67,941 shares, Carreras gained 20 cents, and closed at $11 with 417,758 units, Grace Kennedy traded $1.45 lower, to $42.05 with 35,700 units. Jamaica Broilers advanced $1.25 to $17 exchanging 28,943 shares, Jamaica Producers declined by $1, closing at $15 with 6,650 units,

Jamaica Stock Exchange closed at $6.50 with 4,960 stock units, JMMB Group closed at $22, after falling $1 in trading 148,514 shares. Kingston Wharves with 100 units traded rose $1.23 to $30.73, Mayberry Investments lost 9 cents, closing at $4.60 with 31,800 shares, NCB Financial Group traded 70 cents lower to $87.80 with 90,395 shares, 1834 Investments lost 4 cents to close at $1.40 with 30,000 shares. PanJam Investment dropped $3.50 to $35.50 with 22,813 stock units, Pulse Investments closed at $1.71, gaining 6 cents with 126,500 shares, Radio Jamaica closed at $1.12 trading 72,310 shares, Sagicor Group gained 40 cents, and ended at $34.40 with 15,770 shares, Sagicor Real Estate Fund gained 39 cents, closing at $11 with 1,850 units, Scotia Group closed $2.90 higher at $49 while exchanging 58,409 shares, Scotia Investments fell $1.50, closing at $35.50 with 1,412 units, Seprod with gains of $1, ended at $34 with 1,000 units, Supreme Ventures closed at $11, having gained 15 cents with 50,150 shares changing hands. Productive Business Solution US ordinary shares closed at 65 US cents trading 1,920 units, Proven Investments US ordinary shares closed at 22 US cents, after losing 1.99 US cents in exchanging 241,067 units and JMMB Group 7.5% preference share closed traded at $1.19 with 171,913 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 1834 Investments, Barita Investments, Berger Paints, Cable and Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Productive Business Solution, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate X Fund, Scotia Group, Scotia Investments, Seprod, Supreme Ventures, Trading Activity

JSE suffers set back in forward move

September 21, 2017 by IC Insider.com

JMMB Group inching higher on limited supply of stocks.

Large fall in the prices of are Caribbean Cement, Carreras and Scotia Group push the market down appreciably on Thursday and strong gains in PanJam Investment and JMMB Group could only dent the fall.
At the close of market activity, Berger Paints gained of 25 cents and closed at $11.25 with 148,982 shares, Cable and Wireless closed at $1.01, having lost 9 cents with 117,235 shares changing hands, Caribbean Cement with a loss of $2.20 at $25.80 with 30,123 shares, Carreras traded $1.20 lower to $10.80 with 1,217,220 shares, Ciboney Group exchanged 367,400 shares at 16 cents, Grace Kennedy gained 49 cents to settle at $43.50 with 11,300 units. Jamaica Producers advanced $1, to $16 in exchanging 34,495 shares, Jamaica Stock Exchange closed with gains of 5 cents, at $6.50 with 1,379 units, JMMB Group ended at a 52 weeks’ closing high of $23, after adding $1, trading 16,843 shares. Kingston Wharves traded at $29.50 with the exchange of 1,740 units, Mayberry Investments lost 1 cent, closing at $4.69 with 298,018 shares, NCB Financial traded 49 cents lower to $88.50 with 35,806 shares, 138 Student Living exchanged 20,000 shares at $4.75, while 1834 Investments gained 4 cents to close at $1.44 with trades of 6,520 units. PanJam Investment jumped $3.50 to $39 with 61,275 shares, Pulse Investments gained 23 cents to close at $1.65, with 12,581 shares, Radio Jamaica added 1 cent, in closing at $1.12 trading 305,416 shares, Sagicor Group closed with a loss of 52 cents at $34 with 4,550 units, Sagicor Real Estate Fund declined 39 cents in closing at $10.61 with 10,000 shares, Salada Foods traded 3,316 units at $8, Scotia Group plunged $4.90 to $46.10, in exchanging 117,999 shares, Scotia Investments closed at $37 with 30,453 shares, Seprod ended with a loss of $1 at $33 with 500 units, Supreme Ventures exchanged 131,400 shares at $10.85. Margaritaville Turks US ordinary shares closed at 30 US cents trading 5,500 units, Proven Investments US ordinary shares traded 13,000 units at 24 US cents, JMMB Group US 6% preference share closed at US$1.12 with 7,280 units and Proven 8.25% cumulative redeemable preference share lost 5 cents to close at $5.25 with 20,000 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, 1834 Investments, Berger Paints, Cable and Wireless, Caribbean Cement, Carreras, Ciboney Group, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Margaritaville Turks, Mayberry Investments, NCB Financial Group, PANJAM Investment, Proven, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate X Fund, Salada Foods, Scotia Group, Scotia Investments, Seprod, Supreme Ventures, Trading Activity

JSE rise on modest trading – Wednesday

September 20, 2017 by IC Insider.com

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Carreras jumped to a record close of $12.

In modest trading on the Jamaica Stock Exchange on Wednesday, the prices of 10 stocks rose and 5 fell in the main and US dollar markets, leading to gains in the main market indices, the third consecutive day of increase.
Cigarette distributor, Carreras fresh from a 10 for 1 stock split, traded at a new 52 weeks’ high of $12 at the close while JMMB Group hit an intraday 52 weeks’ high of $23.70 before pulling back to $22 by the close as supply to sell is very limited and should pave the way for upward push in the price in the days or weeks ahead.
At the close of market activity, Berger Paints closed at $11, the last price the stock traded at, after hitting a high of $12.20 and ending with 129,140 shares changing hands. Cable and Wireless gained 5 cents to close at $1.10 with 111,500 units, Carreras closed at a record $12, after gaining 50 cents with 1,134,465 shares, Grace Kennedy advanced $1, settling at $43.01 with 4,332 units. Jamaica Broilers lost 29 cents and closed at $15.75, with 12,130 shares, Jamaica Producers lost 1 cent, closing at $15 in exchanging 18,700 stock units, Jamaica Stock Exchange rose 10 cents to $6.45 with 1,000 units, JMMB Group closed at $22, after gaining $1 and trading 20,959 shares. Kingston Wharves dropped $2.50 to close at $29.50 with 1,000 units having been exchanged, NCB Financial Group traded 99 cents lower to $88.99 with 34,831 shares. PanJam Investment remained at $35.50 with trades of 2,100 units, Pulse Investments closed at $1.42, gaining 2 cents with 183,000 shares, Radio Jamaica with gains of 6 cents, closed at $1.11, in trading 11,000 stock units, Sagicor Group added 2 cents, ending at $34.52 with 8,333 units changing hands, Salada Foods traded 88,783 shares at $8, Scotia Group closed at $51, exchanging 16,194 units, Seprod added $1 to close at $34 with 1,500 shares, Supreme Ventures closed 15 cents lower to $10.85 in exchanging 3,703 units. Productive Business Solution US ordinary shares closed at 65 US cents, trading 540 units, Proven Investments US ordinary shares traded 397 units at 23.99 US cents, JMMB Group 7.5% preference share closed at $1.19, gaining 4 cents with 26,540 stock units and Proven 8.25% cumulative preference share closed at $5.50 with 17,500 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Cable and Wireless, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, NCB Financial Group, PANJAM Investment, Productive Business Solution, Proven, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Bank Jamaica, Sagicor Group, Salada Foods, Scotia Group, Seprod, Supreme Ventures, Trading Activity

NCB Capital stock talk

September 20, 2017 by IC Insider.com

NCB Capital Markets (NCBCM) recommends that investors maintain focus on stocks of companies with diversified revenue streams by operations, geography and currency in its latest recommendations on the Jamaican stock market.
According to the brokerage house, main market companies tend to have more mature operations, stronger fundamentals and are likely to pay more attractive dividends for investors heavily dependent on cash flows. This should form the core of a moderate investor’s equity portfolio. Investors with the appropriate risk appetite should also take a closer look at some Junior Market stocks given that the potential for growth is greater than their main market counterparts. More aggressive investors should also consider taking an active approach to stock market investing by crystalizing gains on stocks that are trading above their fair value estimates, with a view to re-enter at more favourable prices in the near term.

Jamaica Broilers is a recommended buy by NCBCM

Interestingly, there are only three stocks recommended as buys, with six stocks placed on the sell list.
NCBCM recommends investors buy Jamaica Broiler with a forward price of $24, JMMB Group with a forward price of $23.80 and PanJam Investment with a forward price of $43.63.
The brokerage house is recommending selling Caribbean Cement, based on their assessment that the fair value price for the cement producer is $29.92 which is below the current price of $29.99, also on the sell list is Honey Bun, that they are saying that the PE ratio and price to book multiples for Junior Market manufacturing companies were used to derive a fair value estimate of HONBUN with a forward price of $3.70. Jamaica Producers is on the sell list as well with a forward price of $12.99 based on a price to book valuation, Mayberry Investments’ forward price is put at $3.95 and therefore a sell NCBCM says. The fair value of Scotia Group is estimated at $46.48, which is below the current price. The projected dividend yield of 3.5% is not sufficient to offset expected capital loss the NCB Financial brokerage arm says.

Scotiabank is a recommended sell by NCBCM

Stocks that are recommended as holds are Carreras based on the justified P/E and Dividend Discount Model resulted in valuation for Carreras up to $113.91 per share. Kingston Wharves forward price is $29.24, close to existing market price and Sagicor Group with fair value estimate of $34.21.
Ratings Definitions| BUY: The company has sound or improving fundamentals that should allow it to outperform the broader market over the next 12 months. The risk factors to achieving price targets are minimal.
HOLD: We believe the stock is fairly valued at the current price. The company may have issues affecting fundamentals that could take some time to resolve. The risk factors to achieving price targets are moderate. Some volatility is expected.
SELL: The stock is overpriced relative to the soundness of the company’s fundamentals and long-term prospects or the stock is fully priced.

Filed Under: Company News, JSE Combined, Stock Market Tagged With: Caribbean Cement, Honey Bun, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Investments, NCB, NCB Capital Markets, NCB Financial, Sagicor Group, Scotia Group

Berger investors rebuffing Ansa offer

September 19, 2017 by IC Insider.com

Berger Paints traded at a high as $11.55 on Tuesday.

The main market of the Jamaica Stock Exchange closed trading with 25 securities changed hands, with declining stocks just edging out advancing ones, while 3 stocks traded in the US dollar market.
The market closed with 9 stocks advancing and 11 declining based on the price the trade took place.
Some noted trades include Berger Paints that continues to trade above the price on $10.88 offered by Ansa Coatings to acquire the minority holdings. Investors continue to rebuff the offer by buying the stock at the close at $11 with 153,142 shares changing hands, up to $11.55 and a low of $10.85. The stock closed with a bid to buy 103,462 units at $11 and just 2,935 units offered at $11.70 and few shares offered close to this range.
Some other trades of note are Jamaica Producers 4 million unit trade with the price dropping nearly $1 and a $3.75 jump in the price of Seprod.
At the close of market activity, Barita Investments traded at $8.15, having lost 85 cents with 4,900 units, Cable and Wireless lost 3 cents to close at $1.05 with 18,708 shares, Caribbean Cement traded $2 lower to $28 with only 240 units, Carreras closed at record high of $11.50, gaining 25 cents with 223,703 shares trading, Grace Kennedy fell 99 cents and settled at $42.01 with 11,117 shares. Jamaica Broilers closed at $16.04, losing 86 cents with just 200 units, Jamaica Producers dropped 99 cents to $15.01 exchanging 4,075,641 shares, Jamaica Stock Exchange ended with a loss of 65 cents at $6.35 with 5,000 units, JMMB Group closed at $21 trading 14,000 shares. Kingston Properties closed at $7 with 598,296 shares changing hands, Kingston Wharves exchanged 1,500 units at $32, Mayberry Investments gained 20 cents, closing at $4.70 with 11,020 shares, NCB Financial Group traded 98 cents higher to $89.98 with 42,825 shares, 1834 Investments rose 10 cents and closed at $1.40 with 3,480 units. PanJam Investment gained $1.43, closing at $35.50 with 103,000 shares, Pulse Investments closed at $1.40, losing 30 cents with 58,680 shares trading, after the company released audited accounts showing lower profit in 2017 than in 2016, due mainly to the treatment of taxation. Sagicor Group closed with gains of 50 cents at $34.50 trading 8,700 shares, Sagicor Real Estate Fund closed at $11, after gaining 38 cents with 2,747 units, Salada Foods fell 50 cents, trading at $8 with 9,000 shares, Scotia Group closed $1 higher to $51 exchanging 147,026 shares, Seprod advanced $3.75 to $33 with 16,309 shares, Supreme Ventures closed 10 cents lower to $11 exchanging 145,884 shares. Productive Business Solution US ordinary share closed at 65 US cents trading 48,360 units, Proven Investments US ordinary share traded 27,635 units at 24 US cents, JMMB Group US 6% preference share exchanged 8,617 units at US$1.12, Jamaica Money Market Brokers 7.25% preference share closed at $2.50 with 650 units and JMMB Group 7.5% preference share lost 4 cents, closing at $1.15 with 100,000 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 1834 Investments, Barita Investments, Berger Paints, Cable and Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Productive Business Solution, Proven Investments, Pulse Investments, Sagicor Bank Jamaica, Sagicor Group, Sagicor Real Estate X Fund, Salada Foods, Scotia Group, Seprod, Supreme Ventures, Trading Activity

High price movements on Monday

September 18, 2017 by IC Insider.com

NCBFG jumped $8.94 to $89 on Monday.

On a day of low trading activity 4 securities were dominant by movement in their prices on the main market of the Jamaica Stock Exchange as the market posted sizable gains in the indices.
Carreras rose 45 cents in closing at $11.25 with 205,850 shares after the 10 for 1 stock split, recently approved by shareholders. NCB Financial Group jumped $8.94 to $89 and Scotia Group recovered $4.95 of the loss on Friday to end at $50 and Caribbean Cement climbed $2.50 to $30.
At the close of market activity, Berger Paints slipped 50 cents to close at $11 with 60,411 shares, Cable and Wireless closed at $1.08, losing 2 cents with 146,795 stock units, Caribbean Cement advanced $2.50 to $30 with 2,000 units, Carreras rose 45 cents and closed at record high of $11.25 with 205,850 shares after the stock split, Ciboney Group lost 1 cent, trading 93,564 shares, closing at 16 cents, Grace Kennedy lost 50 cents and ended at $43 with 1,479 units. Jamaica Broilers gained 90 cents, closing at $16.90 with 42,927 shares, Jamaica Producers traded 205 units at $16, Jamaica Stock Exchange with gains of 65 cents, in closing at $7 with 1,370 units, JMMB Group closed at $21 exchanging 154,472 shares after trading as high as $23 in the morning session. Kingston Wharves ended with a loss of 40 cents at $32 with 3,142 units, Mayberry Investments gained 28 cents, in closing at $4.50 with 10,000 shares, NCB Financial Group traded $8.94 higher to $89 while exchanging 163,270 shares, 1834 Investments closed at $1.30 with 2,614,586 shares. PanJam Investment fell 43 cents, to close at $34.07 with 6,675 units, Pulse Investments closed at $1.70, losing 10 cents with 129,552 shares, Sagicor Group traded 29,148 stock units at $34, Sagicor Real Estate X Fund rose 2 cents, and closed at $10.62 with 3,000 units, Scotia Group closed $4.95 higher to $50 while exchanging 49,759 shares, Scotia Investments slipped 30 cents to $37 with 24,700 shares, Seprod exchanged 12,869 shares at $29.25 and Supreme Ventures closed 39 cents lower at $11.10 with 150,730 units. Productive Business Solution US ordinary shares closed at 65 US cents after gaining 5 cents trading 2,000 units, JMMB Group US 6% preference share traded 4,380 units at US$1.12, Jamaica Money Market Brokers 7.25% preference share closed at $2.50 with 13,600 units, Jamaica Money Market Brokers 7.5% preference share exchanged 645,775 units at $2 and Proven 8.25% cumulative redeemable preference share closed at $5.50 with 1,200 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 1834 Investments, Berger Paints, Cable and Wireless, Caribbean Cement, Carreras, Ciboney Group, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Productive Business Solution, Proven, Pulse Investments, Sagicor Bank Jamaica, Sagicor Group, Sagicor Real Estate X Fund, Scotia Group, Scotia Investments, Seprod, Supreme Ventures, Trading Activity

Scotia drops $6.95 & NCB $10.19 – Friday

September 15, 2017 by IC Insider.com

NCB $10.19 on Friday.

Stocks advancing on the Jamaica Stock Exchange were edged out 11 declining stocks 10 on Friday, but that did not prevent the All Jamaica Composite Index tumbling by a record 10,134.09 points as investors pushed down the prices of Scotia Group to $45.05 within 2 minutes of the close and NCB Financial to $80.06.
The sharp fall in the market on Friday does not appear to be an indication that the upward climb in the market has ended. The 6 to 2 positive Investor’s Choice bid-offer indicator suggests that the majority of prices could be rising on Monday.
At the close of market activity, Berger Paints gained of 50 cents, and closed at $11.50 with 28,241 shares, Cable and Wireless closed at $1.10, after falling 9 cents with 28,080 stock units changing hands, Caribbean Cement exchanged 7,900 units at $27.50, Carreras lost 3 cents and closed at $107.97 with 62,828 shares, Ciboney Group fell 3 cents trading 388,884 stock units at 17 cents, Grace Kennedy climbed $1.50 and ended at $43.50 with 6,005 units. Jamaica Broilers gained 25 cents, closing at $16 with 347,061 shares, Jamaica Producers traded $1 higher to $16 with 58,252 stock units, Jamaica Stock Exchange lost 16 cents to close at $6.35 with 536 units, JMMB Group with a loss of 20 cents, closed at $21 exchanging 147,249 shares. Kingston Properties exchanged 83,308 stock units at $7, Kingston Wharves climbed $1.55 to $32.40 with 13,777 shares, NCB Financial Group dropped a whopping $10.19, closing at $80.06 with 268,345 stock units, 1834 Investments ended with a loss of 4 cents at $1.30 with 2,384 units. PanJam Investment rose 65 cents and closed at $34.50 with 109,570 shares, Pulse Investments gained 10 cents, closing at $1.80 with 189,637 units, Radio Jamaica closed at $1.05, after gaining 1 cent with 2,039,632 shares, Sagicor Group traded 53 cents lower to $34 with 174,537 stock units, Sagicor Real Estate X Fund ended with a loss of 40 cents at $10.60 with 4,000 units, Scotia Group dropped $6.95 lower to $45.05 exchanging 306,497 shares, Sterling Investments gained 10 cents to close at $12 with 6,371 units and Supreme Ventures closed at $11.49 while gaining 69 cents with 24,710 shares changing ownership, Proven Investments US ordinary share closed at 23.99 US cents trading 219,700 units, Jamaica Money Market Brokers 7.5% preference share exchanged 4,369,225 units at $2, JMMB Group 7.5% preference share closed at $1.19 with 112 units and Sagicor Bank Jamaica Class A 7.75% cumulative redeemable preference share gained 5 cents to close at $1.05 with 50,000,000 units traded.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 1834 Investments, Berger Paints, Cable and Wireless, Caribbean Cement, Carreras, Ciboney Group, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, NCB Financial Group, PANJAM Investment, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Bank Jamaica, Sagicor Group, Sagicor Real Estate X Fund, Scotia Group, Sterling Investments, Supreme Ventures, Trading Activity

JSE trading dropped on Wednesday

September 13, 2017 by IC Insider.com

Trading levels dropped sharply on the main market of the Jamaica Stock Exchange with 2 to 1 ratio to declining stocks on Wednesday but advancing stocks beat out declining ones more than 2 to 1.
Recent headliner Scotia Group traded up to $54 ahead of the results that were released after trading closed showing a reduction in profits for the third quarter.
At the close of the market, the volume of stocks changing hands and prices they last traded at are, Barita Investments closing at $9 with 100 units trading, Berger Paints ending with a loss of 50 cents, exchanging 25,657 shares to at $11, Cable and Wireless with a gain of 5 cents to $1.10 with 17,242 stock units. Carreras closed at $108 with 21,840 shares, Grace Kennedy ended at $42.05, gaining 5 cents with 21,302 shares. Jamaica Broilers shed 70 cents to $16.80, with 564,868 stock units, Jamaica Producers traded 25 cents higher to $15 with 124,041 shares, Jamaica Stock Exchange exchanged 126,810 shares at $6.49, while JMMB Group closed at $21.50, with gains of 50 cents trading 87,322 stock units. Kingston Properties closed at $7 with 1,325 shares, Kingston Wharves ended with a loss of 2 cents, at $30.48 with 700 units, Mayberry Investments closed at $4.80, gaining 30 cents with 168,080 shares, NCB Financial Group surged $2.45 to $90 with 9,494 units, 1834 Investments traded 230,583 units at $4.75. PanJam Investment with gains of 40 cents, closed at $34.25 with 103,619 shares, Portland JSX closed at $9.30 with 950 units, Pulse Investments fell 7 cents, to $1.75 with 31,081 shares, Radio Jamaica closed at $1.20 with 243,587 units, Sagicor Group added 20 cents to close at $33.25 with 28,717 shares, Sagicor Real Estate Fund closed at $11 with 5,150 units, Salada Foods ended with a loss of 50 cents, to close at $8 trading 1,500 shares, Scotia Group gained $1 to $54, in exchanging 58,264 stock units, Seprod advanced $1.25 to $29.25 with 750 units, Sterling Investments ended at $12 with 61,000 shares, Supreme Ventures added 10 cents to $11 with 358,560 shares. Proven Investments US ordinary shares exchanged 1,606 units at 23 US cents, JMMB Group 7.25% preference share closed at $1.50 with 361 units and JMMB Group 7.5% preference share traded 1,435 units at $1.19 after losing 1 cent.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 1834 Investments, Barita Investments, Berger Paints, Cable and Wireless, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Portland JSX, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Trading Activity

Drop in finance stocks sink JSE – Tuesday

September 12, 2017 by IC Insider.com

NCBFG helped pull down JSE on Tuesday.

The JSE pulled back sharply to close 4,592.97 points on the All Jamaica Composite Index below resistance at 290,000 points to end at 287,374.30 as Scotia pulled back further to end at $53 and NCB Financial, joined in the fall with the price dropping from $90 on Monday to $87.55.

Adding to the decline are Caribbean Cement down $2 and Sagicor Real Estate Fund down by $1.05. Stocks rising enjoyed a maximum gain of 50 cents, with most below 10 cents.
At the close of the market the volume of stocks changing hands and their last traded price are: Barita Investments closing at $9 with 13,000 shares, Berger Paints exchanging 68,404 stock units at $11.50, Caribbean Cement ending with a loss of $2, to $28 with 8,820 units. Carreras closed at $108 with 15,885 shares, Ciboney Group gained 2 cents, in closing at 20 cents with 200,000 units, Grace Kennedy rose 50 cents to $42 with 578,893 shares. Jamaica Broilers closed at $17.50, gaining 30 cents with 416,012 stock units, Jamaica Producers traded 15 cents lower to $14.75 with 13,083 units, JMMB Group closed at $21, losing 50 cents in exchanging 532,303 shares. Kingston Properties closed at $7 trading 3,000 units, Kingston Wharves ended with a loss of 30 cents, closed at $30.50 with 24,747 shares while NCB Financial dropped $2.45 to $87.55 with 171,811 shares. Portland JSX rose 5 cents to $9.30 with 2,115 units, Sagicor Group added 5 cents to close at $33.05 with 4,525 units, Sagicor Real Estate Fund closed $1.05 lower to $11 with 4,420 units, Scotia Group dropped to $53, having lost $2 trading 251,107 shares, Supreme Ventures with gains of 10 cents, closed at $10.90 with 960 units. Proven Investments US ordinary share fell 0.99 US cents in exchanging 70,247 units at 23 US cents, Jamaica Money Market Brokers 7.5% preference share closed at $2 with 100 units and 138 Student Living variable preference share traded 100 units at $5.68.