Jamaica Stock Exchange

D&G dropped majors sharply – Monday

February 8, 2016 by IC Insider.com

Scotia Group traded at a new high on Monday

A big drop of $5.63 pushed down Desnoes and Geddes $22.88 with only 2,500 shares trading inflicted a big dent in the Jamaica Stock Exchange main market indices on Monday. Trading took place with 39 securities changing hands in all market segments, 14 of which gained and 12 declined. Six stocks closed at 52 weeks’ highs, as 7,135,151 units valued at $84,903,170 changed hands in all markets. The junior market accounted for 1,152,213 units valued at $5,608,634.
The JSE Market Index shed 2,948.76 points to 158,874.73 the all Jamaica Composite Index closed with a dive of 3,295.41 points to end at 176,507.77 and the JSE combined index dropped 2,447.98 points to close at 170,583.93.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 18 stocks with bids higher than their last selling prices and only 1 with a lower offer.
At the end of the market activities, Barita Investments ended with a gain of 50 cents as a mere 100 units traded to close at $4.78,

Berger Paints rose 5 cents to end at 52 weeks’ closing high of $4.80, with 1,610 units traded. Cable and Wireless lost 4 cents to close at $1.50 with 1,123,590 units trading, Caribbean Cement fell 90 cents to close at $27.10 with 23,691 shares changing hands. Ciboney traded 20,632 shares at 21 cents, Gleaner Company fell 35 cents in trading 498,936 to close at $2.42, Grace Kennedy gained $1 to close at $83 with 242,975 units changing hands. Jamaica Broilers Group traded 24,546 units but fell 80 cents to $14, Jamaica Producers rose 85 cents to end at $30 with 10,800 units trading, JMMB Group traded 12,000 units to end at $11. Margaritaville Turks had 35,000 shares trading at a new high of 13.7 US cents, Mayberry Investments had 207,543 units changing hands with a loss of 25 cents to end at $4.75, National Commercial Bank traded 1,268,712 shares and dived $2.50 to close at $43.

Pan Jamaican Investments closed at $96 after trading 400,000 shares with a loss of $1.50. Sagicor Group closed at $23 with 642,587 units changing hands. Scotia Group had 357,016 shares changing hands to close with a gain of $3.50 at a 52 weeks’ high of $37. Seprod added 3,564 units and gained $1.49 in ending at a 52 weeks’ high of $21.99, Supreme Ventures closed at $6.25 with 312,500 units changing hands, Proven Investments ordinary share traded 22,700 units to close at 22 US cents, JMMB 7.50% preference share traded 13,400 units with a gain of 1 cent at $2.12 and Proven Investment 8% preference share traded 52,000 units at $5.

Filed Under: JSE Main Market, Stock Market Tagged With: Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Ciboney, Desnoes and Geddes’, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Stock Exchange, Kingston Wharves, Mayberry Investments, National Commercial Bank, Pan Jamaican, Proven Investments, Pulse Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Supreme Ventures

Stocks dropped sharply on Friday

February 5, 2016 by IC Insider.com

Scotia fell on Friday & helped in the sharp fall of the main JSE indices.

The Jamaica Stock Exchange main market indices all closed sharply down on Friday, as declines in mainly Scotia Group and National Commercial Bank took back much of the gains of Thursday, as 41 securities changed hands in all market segments, 18 of which gained and 9 declined.
Seven stocks closed at 52 weeks’ highs, as 7,135,151 units valued at $84,903,170 changed hands in all markets. The junior market accounted for 1,152,213 units valued at $5,608,634. The JSE Market Index shed 3,188.40 points to 161,823.49, the all Jamaica Composite Index closed with a dive of 3,563.21 points to end at 179,803.18 and the JSE combined index dropped 3,106.97 points to close at 173,031.91.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 19 stocks with bids higher than their last selling prices and only 2 with lower offers.
At the end of market activities, Barita Investments ended with a loss of 28 cents as 655,019 units traded to close at $4.28, Berger Paints rose 47 cents to end at a 52 weeks’ high of $4.75, with 2,350 units traded. JSE Sum 05-02-16 Cable and Wireless with 283,110 units trading, closed with a rise of 2 cents at $1.54, Caribbean Cement fell 90 cents to close at $28 with 23,393 shares changing hands. Carreras exchanged 527,435 shares at $62.51 with a rise of 1 cent, Ciboney traded 532,700 shares at 21 cents after losing 3 cents, Gleaner Company gained 12 cents in trading 1,012,500 to close at a 52 weeks’ high of $2.77, Grace Kennedy gained 50 cents to close at $82 with 74,516 units changing hands. Jamaica Broilers Group traded 337,119 units but fell 40 cents to $14.80, Jamaica Producers ended at $29.15 with 1,621 units trading, as the price dipped 85 cents, Jamaica Stock Exchange closed at $20 with 14,000 units trading, JMMB Group traded 55,000 units but fell 20 cents to end at $11. Kingston Wharves traded 2,660 shares but lost 60 cents to end at $10.40, Margaritaville Turks had 102,000 trading at a new high of 13.5 US cents, Mayberry Investments had 614,873 units changing hands at $5 after rising by 50 cents, National Commercial Bank traded 16,432 shares and dived $1.50 to close at $43.50. Pulse Investments traded at a new 52 weeks’ high of $4.01 while gaining 11 cents with 819,301 shares. Sagicor Group closed at $23 with 573,960 units changing hands. Scotia Group had 137,276 shares changing hands to close with a fall of 40 cents at $33.50. Scotia Investments rose $1.88 with 3,000 units changing hands to end at $29.38. Supreme Ventures closed at $6.25 with 124,970 units changing hands, Proven Investments ordinary share traded 15,603 units to close at 22 US cents, JMMB 7.25% preference share traded 20,000 units at $2.40 and JMMB 7.5% preference share traded 34,100 units to gain 1 cent at $2.11.

Filed Under: JSE Main Market, Stock Market Tagged With: Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Ciboney, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Stock Exchange, Kingston Wharves, Mayberry Investments, National Commercial Bank, Proven Investments, Pulse Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Supreme Ventures

Juniors lost ground on Friday

February 5, 2016 by IC Insider.com

Honey Bun tclosed at a 52 weeks' high on Friday.

Honey Bun closed at a 52 weeks’ high on Friday.

The junior market declined mildly at the closed on Friday with 17 securities trading, 8 of which advanced, 3 declined. The market ended with index falling 11.14 points to end at 2,263.57 as 3 stocks closed at a new 52 weeks’ highs. At the close there are a few interesting bids, Access at $18 to buy 2,000 units and 33,700 units with a bid of $17.50, the stock last traded at $16.80, Cargo Handlers at $40.05 to buy 3,700 units, the last sale was at $39 and Honey Bun with the bid at $10.27.
The volume of 1,152,213 units changed hands, valued at $5,608,634. At the close, 1 security ended with no bid to buy and 9 securities had no stocks being offered for sale but 5 stocks closed with bids that were higher than their last selling prices and none ended with a lower offer.
In trading, AMG Packaging gained $1.20 with a mere 1,963 units changing hands, to end at a new 52 weeks high of $20, C2W Music traded 12,118 shares at 49 cents, Caribbean Cream traded 30,281 shares to close at $4.75, Caribbean Flavours ended with 37,360 units changing hands but fell 40 cents to $8.10. Caribbean Producers rose 40 cents in trading 26,510 units to close at $5.50, Consolidated Bakeries traded 156,510 units and gained 5 cents to close at $1.60, General Accident fell 3 cents in trading 53,100 shares to close at $2.15. Honey Bun responded to the release of results after trading on Thursday, showing a huge increase in sales and profit, to hit a 52 weeks’ high of $10 with 20,000 shares changing hands. Jamaican Teas traded 64,051 units at a new high of $6 as the price rose 40 cents, KLE Group ended at $2.75 with 18,100 units trading.

Lasco Distributors closed with 177,571 units trading at $7.80, Lasco Distributors reported a 50 percent jump in profit after tax of $592 million for the nine months to December last year, up from $197 million. Lasco Financial closed with a gain of 9 cents at $4.25 with 72,150 shares changing hands. Lasco Manufacturing ended trading with 444,466 shares to close at $5, earlier in the morning session the stock traded as low as $4.50. Medical Disposables closed at $3.55 with 8,700 shares trading, Paramount Trading fell by 29 cents to end with 2,333 shares changing hands at $11.20, tTech closed with a 10 cents gain at $4.75 with 15,000 shares trading and Derrimon Trading 11.75% preference share traded 12,000 units but gained 6 cents to $2.16.

Filed Under: JSE Junior Market, Stock Market Tagged With: C2W Music, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Daily Trading, Honey Bun, Jamaica Stock Exchange, Jamaican Stock, Knutsford Express, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Trading Activity, tTech

JSE pockets $110m from D&G trade

February 4, 2016 by IC Insider.com

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D&G adds $110m to JSE coffers

When 630,339,249 units of Desnoes and Geddes traded on the Jamaica Stock Exchange on Wednesday, carrying a value of $19,439,662,439, it resulted in the stock exchange boosting their already rich earnings in 2015, by added income of $110 million for 2016, from fees earned on this block of shares.
The JSE had their best year ever, in terms of earnings last year, as they picked up close to $120 million in fees, when Scotiabank switched their direct share ownership from Canada, to a company set up in the Caribbean, to hold all the shares of the Caribbean based entities.
Trading levels increased in each of the last three quarters last year, ending with the December quarter reaching $11.35 billion or 31 percent higher than the levels in the September quarter. For the year to date, regular trading levels are at $2.689 billion, up 79.6 percent from $1.497 billion for the similar period in 2015. The stock exchange has also increased some of its fees to investors and the brokers for 2016. In addition to the increased trading activity, the exchange in August last year started handling repo transactions, which is expected to enhance income for the full 2016 year as opposed to a few months last year.
The JSE stock has been trading in relatively high volumes, around the $20 range and closing on Thursday at $20 with just over 57,000 units.

Filed Under: Buy Rated, Company News, Feature Stories, JSE Main Market, Stock Market Tagged With: D&G, Jamaica Stock Exchange, Scotia

Stocks hit record high on Thursday

February 4, 2016 by IC Insider.com

NCB ended at a new closing 52 weeks’ high of $45 on Thursday

The Jamaica Stock Exchange main market indices all closed at new record highs on Thursday, with 41 securities changing hands in all market segments, 18 of which gained and 8 declined. Nine stocks closed at 52 weeks’ highs and one traded at an intraday high, as 5,147,422 units valued at only $70,621,438 changed hands in all markets. The junior market accounted for 1,700,082 units changed hands, valued at $8,831,236.
as the JSE Market Index climbed 833.94 points to 165,011.89 the all Jamaica Composite Index closed with a rise of 931.97 points to end at 183,366.39 and the JSE combined index surged 1,215.98 points to close at 176,138.88.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 12 stocks with bids higher than their last selling prices and 1 with a lower offer. At the end of the market activities, Barita Investments ended with a gain of 8 cents as 141,883 units traded to close at $4.56, Berger Paints rose 8 cents to end at $4.28, with 94,400 units traded. Cable and Wireless with 1,265,407 units trading, closed with a fall of 3 cents at $1.52.

Caribbean Cement rose 30 cents to close at $28.90, with 46,195 shares changing hands, Carreras exchanged 375,002 shares at $62.50 with a loss of 50 cents, Gleaner Company traded 81,416 shares but fell 5 cents to $2.65, Grace Kennedy closed at $81.50 with 9,300 units changing hands as the price fell by $1. Jamaica Broilers climbed 20 cents to $15.20 with 145,679 shares changing hands, Jamaica Producers ended at $30 with 122,760 units trading, Jamaica Stock Exchange closed with a gain of 25 cents at $20 with 50,007 units trading, JMMB Group traded 577,792 units but rose 25 cents to end at $11.20. Kingston Wharves traded 12,200 shares at $11, Margaritaville Turks had 21,000 units changing hands to close at a 52 weeks’ high of 12.06 US cents with the rice rising by 0.06 cent. Mayberry Investments had 66,744 shares changing hands with a loss of 10 cents at $4.50, National Commercial Bank traded 16,282 shares and jumped $2 to close at a 52 weeks’ high of $45. Pan Jamaican Investment traded 3,187 units at $97.50, Pulse Investments traded 20,000 shares with a gain of 40 cents to end at a 52 weeks’ high of $3.90.

Radio Jamaica traded 12,500 shares with a decline of 5 cents to close at $4.45, Sagicor Group fell by 5 cents to close at $23 with 36,417 units changing hands, Sagicor Real Estate X Fund gained 10 cents to close at 52 weeks’ high of $11.70 with 13,447 shares trading. Scotia Group had 501,812 shares changing hands to close with a rise of 1 cent at $33.90. Scotia Investments rose 49 cents with 36,300 units changing hands to end at $27.50. Seprod gained $1.50 in ending at $20.50 while trading just 1,666 units, Supreme Ventures lost 10 cents and closed at $6.25 with 146,780 units changing hands, Proven Investments ordinary share traded 9,875 units to close at 22 US cents and JMMB 7.5% preference share traded 23,470 units at $2.10.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Ciboney, Desnoes and Geddes’, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica Stock Exchange, Kingston Wharves, Mayberry Investments, National Commercial Bank, Pan Jamaican, Proven Investments, Pulse Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Supreme Ventures

D&G saying good-bye on Wednesday

February 3, 2016 by IC Insider.com

Desnoes & Geddes was saying goodbye to the Jamaica Stock Exchange on Wednesday, with a block trade representing the purchase of the minority shares amounting to 630,339,249 units carrying a value of $19,439,662,439 (US$163 million) at $30.84 each. At the close there were still over 10,714 shares on offer at $30 or more.
The market closed with 43 securities changing hands in all market segments, 18 of which gained and 8 declined. Five stocks closed at 52 weeks’ highs and Sagicor Real Estate Fund trading at an intraday high of $11.65 as 6,392,546 units valued at only $71,121,018 changed hands in all markets. The junior market accounted for 1,700,082 units changed hands, valued at $8,831,236.
The JSE Market Index climbed 952.94 points to 164,177.95 the all Jamaica Composite Index closed with a rise of 1,064.96 points to end at 182,434.42 and the JSE combined index gained 984.41 points to close at 174,922.90.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 13 stocks with bids higher than their last selling prices and 1 with a lower offer.
At the end of the market activities, Barita Investments ended with 64,500 units trading to close at $4.48, in continued response to 2015 full year results, showing 55 cents per share earnings. Investors continued to respond positively to increased nine months results for Berger Paints, by bidding the stock up by 20 cents to end at $4.20, with 117,500 units traded. Cable and Wireless with 146,673 units trading closed with a fall of 1 cent at $1.55. Caribbean Cement lost 39 cents to close at $28.60, with 3,500 shares changing hands, Carreras exchanged 35,941 shares at $63 and gained $1.45 in the process, Ciboney traded 100,000 and gained to end at 24 cents, Gleaner Company traded 23,817 shares and rose 6 cents to $2.70, Grace Kennedy closed at $82.50 with 6,094 units changing hands. Jamaica Broilers climbed $1 to $15 with 1,951,667 shares changing hands, Jamaica Producers ended at $30 with 21,500 units trading, Jamaica Stock Exchange closed with a loss of 25 cents at $19.75 with 42,577 units trading, JMMB Group traded 1,098,727 units but rose 4 cents to end at $10.95. Mayberry Investments had 50,655 shares changing hands at $4.60, National Commercial Bank traded 44,444 shares and gained 15 cents to close at $43, Pan Jamaican Investment traded 6,30 units to gain $3.50 and close at $97.50, Pulse Investments traded 50,000 shares with a rise of 25 cents to close at $3.50. Sagicor Group closed at $23.05 with 28,350 units changing hands, Scotia Group had 226,400 shares changing hands to close with a rise of 1 cent at $35 but the stock was offered at $34.50 at the close, Seprod added 91,557 units and gained 49 cents in ending at $19 but traded at a 52 weeks’ intraday high of $21.05, Supreme Ventures closed at $6.35 with 305,480 units changing hands. Proven Investments ordinary share traded 20,380 units to close at 22 US cents, down from Monday’s 22.89 US cents, JMMB 7.5% preference share traded 25,000 units at $2.10 and Proven preference share traded 19,400 units at $5.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Ciboney, Desnoes and Geddes’, Gleaner, Gleaner Company, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Stock Exchange, Mayberry Investments, National Commercial Bank, Pan Jamaican, Proven Investments, Pulse Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Supreme Ventures

Scotia gives market major push – Tuesday

February 2, 2016 by IC Insider.com

Berger Paints traded at a 52 weeks’ high on Tuesday

The Jamaica Stock Exchange closed with 43 securities changing hands in all market segments, 18 of which gained and 16 declined. Five stocks closed at 52 weeks’ highs and Sagicor Real Estate Fund traded at an intraday high of $11.65 as 6,392,546 units valued at only $47,425,214 changed hands in all markets. The junior market accounted for 2,288,351 units changed hands, valued at $8,386,950.
The JSE Market Index climbed 1,693.42 points to 163,225.01 the all Jamaica Composite Index closed with a rise of 1,892.50 points to end at 181,369.46and the JSE combined index gained 1,543.79 points to close at 173,938.49.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 8 stocks with bids higher than their last selling prices and 1 with a lower offer.
At the end of the market activities, Barita Investments ended with 135,900 units trading to close at $4.48 with a gain of 20 cents, in response to 2015 full year results, showing 55 cents per share earnings. Investors also responded favourably to increased nine months results for Berger Paints, by bidding the stock up by 37 cents to end at $4, with 300,001 units traded. Caribbean Cement climbed 39 cents to close at $28.99, with 9,884 shares changing hands, Carreras exchanged 33,751 shares at $61.55 but lost 45 cents. Ciboney traded 1,035,533 and gained 1 cent to end at 24 cents, Gleaner Company traded at 85,044 shares and rose 4 cents to $2.64, Grace Kennedy fell 50 cents and closed at $82.50, with 5,280 units changing hands but the stock traded in Trinidad at $4.20 (J$79.50) on Tuesday. Jamaica Broilers fell 45 cents to $14 with 40,770 shares changing hands, Jamaica Producers gained 85 cents to end at $30 with only 5,250 units trading, Jamaica Stock Exchange closed $20 with 73,700 units trading, JMMB Group traded 9,500 units but fell 9 cents to end at $10.91. Mayberry Investments had 4,278 shares changing hands but rose 10 cents to $4.60, National Commercial Bank traded 20,628 shares but fell 14 cents to close at $42.85, Pulse Investments traded 27,417 shares with a rise of 3 cents to close at $3.25. Sagicor Group closed at $23 with 57,009 units changing hands, Scotia Group had 607,506 shares changing hands to close with a rise of $3.43 at $34.99 but the stock was offered at $32.50 at the close, Scotia Investments had 5,750 shares trading to close with a loss of $2.89 at $27.01. Seprod added 10,303 units and lost $1.49 in ending at $18.51, Sterling Investments had 92,266 units changing hands to close at $13, Supreme Ventures closed at $6.35 after gaining 25 cents with 98,920 units changing hands. Proven Investments ordinary share traded 151,161 units to close at 22 US cents, down from Monday’s 22.89 US cents, Jamaica Money Market Brokers 7.5% preference share traded 469,000 units at $2.10 after dropping back by 15 cents and Proven Investments preference share traded 48,900 units at $5.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Ciboney, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Stock Exchange, JMMB Group, Mayberry Investments, National Commercial Bank, Proven Investments, Pulse Investments, Sagicor Group, Scotia Group, Seprod, Supreme Ventures

Q1 profit up at Jamaican Teas

February 2, 2016 by IC Insider.com

Jamaican Teas quarterly results to December ended with profits after tax of $36.6 million or 22 cents per share, up 33 percent from $27.5 million in 2014. Profit before tax amounted to $42.5 million, is up from 54 percent from $27.5 million to $42.5 million.
The results came from revenues that grew by 22 percent to $387 million, with real estate sales accounting for $40 million and other income of $15 million which includes gain on sale of investments of $7.5 million.
Gross profit margin grew to 20.6 percent from 19.5 percent in 2014. Selling and marketing cost rose to $8.6 million from $7.3 million by 18.7 percent, administrative expenses was up $30 million from $25.5 million by 17.4 percent and finance cost grew by 76 percent to $10.9 million from $6.2 million.
Going forward interest cost should fall due to two factors. The company has a debenture that carries a variable rate tied to treasury bills, with the latter declining the company will see a reduction in the cost additionally the first phase of the real estate development will release cash to pay down bank borrowing.
There are signs that the economy is picking up and that should help in moving local sales at a faster pace than in 2015.
Based on the first quarter earnings, full year results could be in the region of 85 cents per share, but this could be affected by profit from sale of real estate units and depends on any added gains that may be realized from the sale of the $125 million investments portfolio.
At the end of the quarter borrowings were at $370 million with equity at $79s million. The stock which is quoted on the Jamaica Stock Exchange junior market last traded at $5.

Filed Under: Buy Rated, Company News, Company Results Tagged With: Jamaica Stock Exchange, Jamaican Teas, junior market

24 stocks rose on JSE – Monday

February 1, 2016 by IC Insider.com

Berger Paints reported a 61% increase in profits for the 9 months to December 2015, after trading closed.

The Jamaica Stock Exchange closed with 40 securities changing hands in all market segments, 24 of which gained and 8 declined with the junior market index climbing over 2 percent.
Two stocks closed at 52 weeks’ highs one at a 52 weeks’ low and one traded at intraday highs as 12,148,016 units valued at only $49,596,056 changed hands in all markets. The junior market accounted for 1,032,255 units changed hands, valued at $4,390,508.
The JSE Market Index climbed 1,182.30 points to 161,531.59 the all Jamaica Composite Index closed with a rise of 1,321.29 points to end at 179,476.96 and the JSE combined index gained 1,554.59 points to close at 172,394.70.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 9 stocks with bids higher than their last selling prices and 1 with a lower offer.
At the end of the market activities, Berger Paints lost 7 cents to end at $3.63 as 26,559 units traded, the company released results to December with an increase of 61 percent in after tax profit of $153.6 million from $95.3 in 2014 for the nine months period on sales that rose 11 percent. Cable and Wireless ended with 172,447 units changing hands to close at $1.59, Caribbean Cement climbed $1.95 to close at $28.60, with 8,800 shares changing hands. Grace Kennedy fell 50 cents and closed at $82.50, with 15,670 units changing hands but the stock traded on Friday in Trinidad at $4.15 and closed with a bid at $4.18 (J$78.16) on Monday. Jamaica Broilers fell 4 cents to $14.45 with 15,237 shares changing hands, Jamaica Stock Exchange gained 29 cents to $20 with 3,500 units trading, JMMB Group traded 26,728 units but gained 10 cents to end at $11, Kingston Wharves traded 9,245 units to close with a gain of 10 cents at $11.19. Mayberry Investments had 4,386 shares changing hands but rose 15 cents to $4.50, National Commercial Bank (NCB) traded 57,900 shares but rose $1.89 to close at $42.99 two trading days after the banking group released interim results to December, last year with a 12 percent increase in aftertax profit to $2.4 billion, from $2.1 billion. NCB stock traded in Trinidad on Friday at the equivalent of $5.20. Pan Jamaican Investment dropped $4 with just 2,930 units changing hands to close at $94, Pulse Investments traded 10,002,000 shares with a fall of 3 cents to close at $3.22 as Barita Investments crossed 10 million units. Sagicor Group gained 10 cents to close at $23 with 102,424 units changing hands, Scotia Group had 77,925 shares changing hands to close with a rise of 56 cents at $31.56, Scotia Investments had 1,000 shares trading to close with a gain of $1.90 at $29.90. Supreme Ventures closed at $6.20 and gained of 20 cents with 70,381 units changing hands, Proven Investments ordinary share traded 77,700 units to close at 22.89 US cents and JMMB 7.5% preference share traded 179,778 units at $2.25 after regaining 15 cents.

Filed Under: JSE Main Market, Stock Market Tagged With: Berger Paints, Cable & Wireless, Caribbean Cement, Ciboney, Daily Trading, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Stock Exchange, Jamaican Stock, Kingston Wharves, Mayberry Investments, National Commercial Bank, Pan Jamaican, Proven Investments, Pulse Investments, Sagicor Group, Scotia Group, Supreme Ventures, Trading Activity

JSE up 8% for 2016 to Friday

January 29, 2016 by IC Insider.com

Jamaican stock market gained 8% in January

Main market of the Jamaica Stock Exchange closed with gains in the indices on Friday with light trading volumes. Market activities closed with 43 securities changing hands in all market segments, 15 of which gained in the combined markets and 19 declined. At the end of the January trading accounted for $2.45 billion with the combined market index rising 8 percent, since the start of the year.
Two stocks closed at 52 weeks’ highs one at a 52 weeks’ low and one traded at intraday highs as 3,047,233 units valued at only $19,756,390 changed hands in all markets. The junior market accounted for 1,176,492 units changed hands, valued at $6,265,417.
The JSE Market Index fell sharply by 2,439.44 points to 159,591.63 the all Jamaica Composite Index closed with a big decline of 2,726.20 points to end at 177,308.95 and the JSE combined index dropped 3,176.12 points to close at 169,880.83.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 19 stocks with bids higher than their last selling prices and 1 with a lower offer.
At the end of the market activities, Berger Paints lost 5 cents to end at $3.70 as 106,008 units traded, Cable and Wireless ended with 1,116,925 units changing hands to close 1 cent lower at $1.59, Caribbean Cement climbed $1.65 to close at $26.65, with 9,011 shares changing hands. Grace Kennedy fell 49 cents and closed at $83, with 1,378 units changing hands. Jamaica Broilers gained 39 cents to $14.49 with 37,753 shares changing hands, Jamaica Producers gained 3 cents to $29.15 with 100,420 units trading, JMMB Group traded 47,742 units but fell by 10 cents to end at $10.90, Kingston Wharves traded 9,700 units to close with the loss of 5 cents at $11.09. Mayberry Investments had 20,000 shares changing hands and fell 16 cents to $4.35, National Commercial Bank traded only 1,200 shares but rose $1.10 to close at $41.10 after the banking group released interim results to December, last year with a 12 percent increase in aftertax profit to $2.4 billion, up from $2.1 billion. Pan Jamaican Investment gained $1.50 with just 100 units changing hands to close at $98, Pulse Investments traded 29,583 shares with a rise of 25 cents to close at $3.25. Sagicor Group lost 55 cents to close at $22.90 with 40,900 units changing hands, Scotia Group had 9,70 shares changing hands to close with a rise of 30 cents at $31, Scotia Investments had 150,000 shares trading to close with a loss of $2 at $28. Supreme Ventures closed at $6.20 and gained of 20 cents with 105,730 units changing hands, JMMB 7.5% preference share traded 75,000 units at $2.10 after slipping 15 cents and 138 Student Living preference share traded at a 52 weeks’ low of $4.90 while trading 1,000 shares with a loss of 10 cents.