In Wednesday’s activity on the Jamaica Stock Exchange, Salada Foods was the sole main market stock gaining on the eve of Christmas. The gain comes after the company reported strong increased earnings in the September quarter, from robust sales growth flowing from a change in distributorship.
At the close of trading, the prices of 4 stocks rose and 9 declined as only 18 securities changed hands, ending in 2,553,000 units trading, valued at $42,970,245, 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 showed 9 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower.
Main Market| The JSE Market Index lost 518.06 points to 75,931.88, the JSE All Jamaican Composite index fell 579.20 points to close at 83,613.68 and the JSE combined index gained declined by 471.73 points to close at 77,848.54
Gains| The only stock gaining in the main market is Salada Foods trading 58,800 shares and closing 70 cents higher at $8.70.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless ending with 95,000 shares trading at 50 cents, Carreras ending trading with 803,702 at $37 and Sterling Investments closed with 1,000 shares trading at $134.
Declines| The last traded prices of stocks that declined at the end of trading in the main market are, Berger Paints with 1,000 units, the price slipped 5 cents to $1.55. Desnoes & Geddes finished with 19,615 shares trading lower by 10 cents to $4.70, Jamaica Producers ended with 144,043 shares trading 1 cent lower at $17.50, National Commercial Bank closed with 8,003 units, the price slipped 14 cents $18.36, Proven Investments finished with 3,571 units trading, the price declined by 0.25 US cents 19.75 US cents, Sagicor Group closed with 14,560 shares trading lower by 20 cents lower to $10, Sagicor Real Estate Fund ended with 4,000 shares trading 18 cents to $7.10 and Scotia Group closed with 447,276 shares changing hands 9 cents lower to $20.01.
Salada sole main market stock up Wednesday
JSE at 7 months high with year-end rally
The JSE all Jamaica Index continues to move away from the resistance level at the yellow line as the market keeps on moving up from its 2014 low.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 4 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower.
Main Market| The JSE Market Index gained 694.35 points to 76,449.94, the JSE All Jamaican Composite index rose 776.31 points to close at 84,192.88 and is at its highest level since April 28, this year when it closed at 84,734.87 points and the JSE combined index gained 705.54 points to close at 78,320.27.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless ending with 294,400 shares changing hands to close 4 cents higher, at 50 cents. Carreras completed trading with 13,964 shares changing hands to close with a 20 cents increase to $37, Grace Kennedy ended with 10,402 units and put on 1 cent to close at $62. Jamaica Money Market Brokers ended trading with 8,531 shares changing hands to close at 55 cents $7.10, Jamaica Producers ended with 12,898 shares with the price rising 1 cent to $17.51, National Commercial Bank had 1,337,635 shares changing hands to close with a gain of 49 cents to $18.50. Sagicor Group finished trading with 12,500 units changing hands to close 20 cents higher at $10.20, Sagicor Real Estate Fund concluded trading with 10,000 shares to gain 28 cents at $7.28, for a new 52 weeks’ high, Scotia Group ended with 8,300 shares changing hands to close 10 cents higher at $20.10 and its subsidiary Scotia Investments traded 20,040 shares with the price rising 40 cents to $23.40.
Firm| The stocks in the main market to close without a change in the last traded prices are, Caribbean Cement finished with 7,310 units trading at $2.40. Proven Investments ended trading with 3,320 shares at 19 US cents, Salada Foods closed with 5,000 shares trading at $8 and Supreme Ventures finished with 30,000 shares changing hands to close at $1.92.Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Desnoes & Geddes closed with 11,185 units trading as the price slipped 10 cents to $4.80, Jamaica Broilers finished with 1,501,082 shares trading and ended 4 cents lower to $4.01
Preference| There was no trading in the preference sector.
Kingston Properties up 88% in December
The year-end rally, continued on the Jamaica Stock Exchange on Thursday, as Kingston Properties hits a new high having gained 87.5 percent for the December. Trading in the overall market resulted in the prices of 10 stocks rising and only 3 declining as 25 securities changed hands, ending in 3,028,876 units trading, valued at $10,239,236, 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 showed 10 stocks with bids higher than their last selling prices and only 1 stock with the offer lower a clear sign of rising prices ahead.
Main Market| The JSE Market Index gained 196.62 points to 75,757.06, the JSE All Jamaican Composite index rose 219.83 points to close at 83,418.22 and the JSE combined index climbed 261.34 points to close at 77,656.27.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless with 1,710,367 shares changing hands, to close 3 cents higher, at 50 cents. Carreras ended with 3,452 shares and gained 30 cents to $36.50, Grace Kennedy closed trading with 1,700 shares changing hands with a 50 cents rise, to $61. Hardware & Lumber traded 3,000 shares with the price rising 49 cents to $8. Kingston Properties closed at a new all-time high of$7.50, with a 60 cents rise with 403,000 units trading. National Commercial Bank finished with only 100 shares changing hands to close 1 cent up to $18.51, Salada Foods concluded trading with 268,045 shares, 19 cents higher at $8 and Seprod ended trading with 8,600 shares changing hands to close with a 25 cents gain at $12.50.
Firm| The stocks in the main market to close without a change in the last traded prices are, Gleaner trading just 879 units to close at 95 cents. Jamaica Broilers ended trading with 39,136 units at $4.10, Jamaica Money Market Brokers closed with 1,640 ordinary shares and finished trading at $7, Jamaica Producers ended with 6,100 shares trading, at $17.50, Mayberry Investments ended with 12,883 shares changing hands at $1.52 and Proven Investments closed with 12,385 shares at 19 US cents.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Sagicor Group with 80,500 shares trading lost 3 cents to end at $9.97 and 92,753 Scotia Group shares changed hands 1 cent lower at $20.
Preference| Jamaica Money Market Brokers 7.50% preference share finished with 903 shares trading at $2 and Proven Investments 8% preference share finished with 150 units to close trading at $5.50.
Strong price gains ahead on JSE
Activity on the Jamaica Stock Exchange was low, resulting in the prices of 5 stocks rising and 7 declining as 18 securities changed hands, ending in 3,633,602 units trading, valued at $6,595,479, 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 was reflecting a very strong signal, showing 13 stocks with bids higher than their last selling prices and only 1 stock with the offer lower.
Main Market| The JSE Market Index lost 552.75 points to 75,560.44, the JSE All Jamaican Composite index fell 618.05 points to close at 83,198.39 and the JSE combined index declined by 406.69 points to close at 77,394.93.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Caribbean Cement ended trading with 1,650 shares 10 cents higher to $2.50, Kingston Properties reached a new 52 weeks’ high in trading 8,300 shares to close 92 cents up at $6.90, at the close there was a bid to buy 191,700 units at $6.90 and an order to purchase 914,000 units at $6. Mayberry Investments ended trading with 187,117 units 7 cent higher to $1.52.
Firm| The stocks in the main market to close without a change in the last traded prices are, Jamaica Money Market Brokers ending trading with 3,002 ordinary shares at $7. Jamaica Producers closed trading with 5,718 shares at $17.50, Kingston Wharves finished with 65,667 units at $6 and Pan Jamaican Investment ended trading with 34,067 shares changing hands at $60.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless closing with 2,927,292 units trading with the price slipping 3 cents, to 47 cents. Carreras finished with 4,936 shares trading lower by $1.05 at $36.20. Grace Kennedy ended trading with 3,098 shares changing hands to close down $2.50, at $60.50, Sagicor Group closed with 9,000 shares, 9 cents lower at $10, Salada Foods had 131,000 units trading, with the price slipping 19 cents to $7.81 and Scotia Group traded 26,480 shares and the price closed lower by 49 cents to $20.01.
Kingston Properties gains 49.5%
Monday’s activity on the Jamaica Stock Exchange, resulted in the prices of 7 stocks rising and 5 declining as 19 securities changed hands with Kingston Properties closing 49.5 percent higher to a new high of $6. The stock ended with the bid at $5.85 on Friday which would have allowed it to trade as high as 30 percent higher at $7.60 under the new circuit breaker that came into effect recently. Trading ended with activity in 1,926,843 units, valued at $29,060,020, 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 8 stocks with bids higher than their last selling prices and only 2 stocks with offers that were lower.
Main Market| The JSE Market Index gained 611.01 points to 75,923.15, the JSE All Jamaican Composite index rose 683.19 points to close at 83,603.94 and the JSE combined index gained 545.66 points to close at 77,608.89.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Desnoes & Geddes ending with 33,866 changing hands to end 1 cent higher at $4.71, Grace Kennedy ended trading with 90,314 shares with the price rising 2 cents to $63, Jamaica Broilers had trading in 5,500 shares with the price rising 1 cent to $4.06. Kingston Properties finished trading with 106,000 units and put on $1.98 to hit a new high of $5.98, <a href="http://icinsider.com/pan-jam-profit-up-29-for-q2/” title=”Pan Jam profit up 29% for Q2″>Pan Jamaican Investment contributed just 100 shares in rising $3.90 to $60, new 52 weeks’ high and Scotia Group ended trading with 1,060,362 units, and put on 49 cents to $20.50.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless ending with 453,837 shares at 50 cents. Jamaica Producers finished with 8,343 shares to close at $17.50, Mayberry Investments ended with 29,000 units at $1.45 and Proven Investments ended trading 610 ordinary shares to end at 19 US cents.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, National Commercial Bank ended with 4,742 shares trading at 10 cents lower at $18.40 and Sagicor Group lost 4 cents in closing at $9.96 with 6,000 shares changing hands.
Preference| Proven Investments 8% preference share ended with 5,600 units trading to end at $5.50.
Sharp swings in flat week on JSE
JSE main market moving away from resistance level.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower.
Main Market| The JSE Market Index gained 275.43 points to 75,312.14, the JSE All Jamaican Composite index rose 307.97 points to close at 82,920.75 and the JSE combined index gained 266.89 points to close at 77,063.23.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless saw trading in 100,000 units and put on 4 cents 50 cents, Desnoes & Geddes finished trading with 164,808 shares rising 5 cents to $4.70, Grace Kennedy closed with 188,553 shares as the price ended 49 cents higher at $61. Jamaica Producers finished trading with 328,071 shares as the price jumped 50 cents to $17.50. National Commercial Bank contributed 82,248 units and put on 10 cents to $18.50, Sagicor Group completed trading with 84,550 shares with the price rising 4 cents to $10, Scotia Group ended trading with 28,990 shares changing hands to close 1 cent at $20.01 and Seprod ended trading with 48,727 shares to end with an increase of 24 cents to $12.25.
Firm| The stock in the main market to close without a change in the last traded price is, Kingston Wharves which ended trading with 34,333 shares changing hands to close at $6.Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras closing with 213,281 units trading as the price slipped 5 cents to $36.15 and Mayberry Investments finished with 4,540 shares trading lower by 4 cents $1.45.
Preference| There was no activity in preference shares.
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.
Bulls seen at JSE this morning
The Jamaica stock market is showing some bullish indications this morning, with the main indices all gaining over 1,100 points. The junior market index is also up from yesterday’s close. Main Market|
The JSE Market Index gained 1,179.75 points to 76,223.23, the JSE All Jamaican Composite index jumped 1,319.12 points to 83,939.47, the JSE combined index gained 1,208.88 points to close at 78,008.67 and the junior market index was at 678.07 up 10.65 points, at 11.05 o’clock this morning.
The main movers this morning so far are, Jamaica Producers up $1.04 to $17, National Commercial Bank up 30 cents at $18.50 and Scotia Group with a gain of 40 cents to $20.50 with 935,372 shares traded.General Accident Insurance gained 16 cents to $1.75 in the junior market.
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.
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.