The Turks and Caicos based Margaritaville Turks, a Jamaica Stock Exchange US dollar market listed company, reported a big 86 percent jump in profits of US$518,134 in the six months to November last year versus $278,508 in the prior year.
The improved profit came from revenues that climbed 11 percent to $3.376 million. For the quarter ending November, the company reported improved results with net profit of $247,253, a whopping increase of 728 percent over the profit of $33,611 for the same quarter in 2014. Sales revenue for the quarter rose a very strong 24.7 percent to $1.65 million, compared to $1.32 million in 2014. Gross profit grew by 25 percent, slightly faster than sales revenue and for the six months by 10.7 percent.
Administrative expenses rose by 5.3 percent to hit $1.68 million for the six months and for the quarter to November to $829,364 for an increase of 8.7 percent. Management fees fell from $212,614 in 204 for the six months to $125,000 and for the quarter from $92,628 to $62,500. Depreciation charge was essentially flat at $123,748 for the six months and $62,444 for the quarter.
The company generated earnings per share of 0.77 US cents to November and 0.37 US cents for the quarter. IC Insider expects earnings for the full year to May to be around 2 US cents per share. This puts the PE of the stock at a low 5 times current year’s earnings.
Cash flows from operating activities amounted to $642,173 for six months versus $399,202 in 2014 before increase in related party receivables of $1.24 million and $685,495 in 2014 and ended with cash of $24,977. The equity capital stood at of $4.3 million and the company had no borrowed funds.
Margaritaville Turks profit up 86%
More decline for JSE on Friday
JPS preference share rose $76 on Friday to $1,201.
Trading levels on the Jamaica Stock Exchange continues to be buoyant with 40 securities changing hands on Friday in all market segments. At the close 17 securities in the combined markets gained and 15 declined.
Eight stocks closed at 52 weeks’ highs and 3 at intraday highs as 6,458,590 units valued at $100,762,294 changed hands in all markets, with the junior market accounting for 2,572,307 units that changed hands, valued at $13,732,252.
While all main market indices fell the declines were less than on Thursday, with the JSE Market Index dropping 1,351.93 points to 156,273.84, the all Jamaica Composite Index falling with 1,510.87 points to end at 173,601.12 and the JSE combined index diving 1,405.00 points to close at 167,824.05.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reached an elevated level indicating several rising prices ahead with reading of 19 stocks with bids higher than their last selling prices and only 3 with lower offers.
In trading, Barita Investments traded 134,925 shares and gained 50 cents to close at $4.40, Berger Paints closed at $3.75 as the price rose 55 cents with 18,500 units trading, Cable and Wireless ended with 257,600 units changing hands to close with a gain of 1 cent to $1.45. Caribbean Cement traded more orderly on Friday, than it did on Thursday when there were wild price swings and closed today with an increase of $2 to $24 with 4,884 shares trading. Carreras fell 5 cents to end at $60 with 60,210 units changing hands, Gleaner Company traded 7,400 shares to gain 30 cents to close at $2.70, Grace Kennedy closed at $80.21, with 20,240 units changing hands. Jamaica Broilers fell $1.51 to close at $11.50 with 256,650 shares changing hands. Jamaica Producers had 3,570 shares trading as the price rose by 10 cents to $32.30, Jamaica Stock Exchange gained $1 and closed at a 52 weeks’ high of $20 while trading 200,000 shares, JMMB Group traded 83,100 units to end with a loss of 18 cents at $11.77. Kingston Wharves traded 8,341 units to close at $11.15, Margaritaville Turks came into its own after reporting profits of US$518,134 in the six months to November last year versus $279,000 in 2014. The stock traded 1,128,920 units at 10.5 US cents each. Mayberry Investments traded 327,979 shares and lost 2 cents to end at $4.70, National Commercial Bank ended with a loss of 99 cents at $40.51 with 257,266 units changing hands, Pan Jamaican Investments fell 9 cents to close at $94.06 with 8,528 shares trading. 
138 Student Living Jamaica traded 985 shares at a 52 weeks’ high of $5.10, after rising by 35 cents, Radio Jamaica gained 40 cents in trading 32,400 shares to close at a 52 weeks’ high of $6. Sagicor Group fell 65 cents to close at $22.80 with 365,894 units changing hands, Scotia Group dropped $4.90 with 346,798 shares changing hands to close at $30.09, Scotia Investments recovered the $3.10 it lost on Thursday to close at $29.90 after 18,469 units traded. Seprod dropped $2.49 with 83,600 shares trading and closed at $18.51, Supreme Ventures gained 4 cents to end at $4.70 with 70,820 units changing hands, Proven Investments ordinary share traded 40,730 units at 22 US cents, down from 22.99 US cents.
Jamaica Public Service 9.5% preference share traded for the first time in months, with 33,000 units valued at $39,633,000 changing hands to close at a 52 weeks’ high of $1,201, for an increase of $76 and Proven Investments 8% preference shares traded 100,000 units at $5.
JSE suffers big drop on thursday
Scotia Group caused major swing in the JSE index on Wednesday & Thursday.
The recorded closing price for Scotia Group in yesterdays’ trading was $34.23 according to the Jamaica Stock exchange rules, but the stock last traded at $30.10. The stock exchange indices are based on the weighted average price making Scotia Group the main mover to push up the market index sharply on Wednesday based on the JSE recognized closing price.
In today’s trading, the stock last traded at $34.99 but the official closing price is $31.87, the end, the market index dropped sharply, resulting in major swings in the market, despite the JSE’s attempt to use the weighted averages to set the final closing price for a day, in an effort to cut closing price manipulation and its impact on the indices.
There were relatively large trades in excess of 2 million units, in National Commercial Bank, Sagicor Group and Supreme Ventures. The high number of stocks participating in trading on the exchange continued on Thursday with 44 active securities in all market segments. At the close 24 securities in the combined markets gained and 9 declined. Four stocks closed at 52 weeks’ highs and 3 at intraday highs as 20,376,982 units valued at $295,286,830 changed hands in all markets, with the junior market accounting for 2,815,123 units changed hands, valued at $15,357,167.
The JSE Market Index dropped 3,221.67 points to 157,625.77, the all Jamaica Composite Index made a sharp downturn with 3,600.40 points to end at 175,111.99 and the JSE combined index dived by 3,710.78 points to close at 169,229.05.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reached an elevated level indicating several rising prices ahead with reading of 19 stocks with bids higher than their last selling prices and only 3 with lower offers.
In trading, Barita Investments traded 10,000 shares and gained 10 cents to close at $3.90, Cable and Wireless ended with 113,157 units changing hands to close with a gain of 4 cents t0 $1.44, Caribbean Cement had wild price swings during trading, with the stock trading at an intraday high of $27.75 and as low as $20.50. The price fell $3.10 to $22, with 87,713 shares trading. At the close there were 2,203,900 units offered for sale at $28. Carreras rose 5 cents to end at $60.05 with 34,895 units changing hands, Gleaner Company traded 145,708 shares to close at with a loss of 30 cents at $2.40, Grace Kennedy fell to $80.21, with a fall of $3.79, as 114,095 units changed hands. Jamaica Broilers jumped $1.51 to close at $13.01 with 317,655 shares changing hands, for a new 52 weeks’ high. Jamaica Producers had 5,000 shares trading as the price moved up by 60 cents to $32.20, Jamaica Stock Exchange closed at $19 while trading 900 shares, at the close the bid was at $19.50 for only 340 units, JMMB Group traded 94,158 units to end with a loss of 5 cents at $11.95. Kingston Wharves traded 80,823 units but lost 5 cents to close at $11.15, Mayberry Investments traded just 2,540 shares and lost 8 cents to end at $4.72,
National Commercial Bank ended with a gain of 1 cent at $41.50 with 2,096,961 units changing hands, Pan Jamaican Investments fell $1.85 to close at $94.15 with 5,247 shares trading. Radio Jamaica traded 21,940 shares but closed $5.60. Sagicor Group fell 5 cents to close at $23.45 with 5,208,162 units changing hands, Sagicor Real Estate Fund traded 83,740 shares to end at $11, Scotia Group gained $4.89 with 55,940 shares changing hands at $34.99, Scotia Investments dropped $3.10 to close at $26.80 after 49,315 units traded, Supreme Ventures gained 4 cents to end at $4.70 with a high volume of 8,564,688 units changing hands and Jamaica Money Market Brokers 7.50% preference share traded 50,500 units at $2.
49 securities traded as JSE gains big
Scotia Group helped to push the main market indices sharply.
At the close, 9,739,157 units valued at $69,117,631 changed hands in all markets with the junior market accounting for 5,129,787 units, valued at $30,252,961.
Scotia Group help to push the main market indices sharply higher as it traded during the day at $35, with the index computed on an average price of $34.23, the stock last traded at $30.10. The JSE Market Index jumped 3,767.19 points to 160,847.44, the all Jamaica Composite Index made a sharp upturn with 4,210.06 points to end at 178,712.39 and the JSE combined index rose sharply by 3,534.70 points to close at 172,939.83.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 13 stocks with bids higher than their last selling prices and 3 with lower offers.
In trading, Barita traded 13,800 shares and fell 20 cents to close at $3.80, Berger Paints ended with 518,126 shares trading at $3.20, for a fall of 70 cents, Cable and Wireless ended with 1,543,691 units changing hands to close at $1.40, but traded as high as $1.50 before the close. Caribbean Cement gained 10 cents to end at $25.10 with 77,398 shares trading, the stock traded as high as $27.50 during the day. Carreras lost $1 to end at $60 with 94,600 units changing hands, Ciboney traded 72,323 shares at 25 cents, Gleaner Company traded 109,622 shares to close at $2.70, Grace Kennedy climbed back to $84, with a rise of $3.80, as 757 units changed hands. Jamaica Broilers gained 30 cents to close at $11.50 with 54,818 shares changing hands, for a new 52 weeks’ high. Jamaica Producers had 8,257 shares trading as the price inched up by 4 cents to $31.60, Jamaica Stock Exchange rose 18 cents to end at $19 while trading 29,100 shares, JMMB Group traded 147,734 units to end at $12, Kingston Wharves traded 13,400 units but lost 5 cents to close at $11.20. 
Mayberry Investments traded 71,024 shares and gained 10 cents to end at $4.80, National Commercial Bank ended at $41.49 with 33,790 units changing hands, Pan Jamaican Investments rose 99 cents to close at $96 with 6,500 shares trading. Radio Jamaica traded 42,205 shares but closed $5.60. Sagicor Group gained of 50 cents to close at a 52 weeks’ closing high at $23.50 with 266,030 units changing hands, Sagicor Real Estate Fund traded 12,400 shares and lost 60 cents to end at $11, Scotia Group closed with 158,508 shares changing hands at $30.10, Scotia Investments gained $3.10 to close at $26,989 after 121,032 units traded. Seprod rose by $1 as it traded 6,037 units to end at $21, Supreme Ventures regained 3 cents to end at $4.66 with 114,784 units changing hands, Proven Investments ordinary share traded 523,177 units to end at 22.98 US cents and the companies 8 percent preference share traded 52,666 units at $5.
Sharp drop in some prices on JSE
Grace Kennedy fell $4.13 to $80.20.
The Jamaica Stock Exchange main market fell on Tuesday as Grace Kennedy, Scotia Group and Scotia Investments fell by more than $2, while JMMB Group and Pan Jam fell by nearly $1 but the junior market continued on its merry way to record yet another new high.
At the close, 9,739,157 units valued at $109,231,948 changed hands in all markets with the junior market accounting for 5,129,787 units, valued at $30,252,961.
The JSE Market Index declined by 696.34 points to 157,080.25, the all Jamaica Composite Index fell 778.20 points to end at 174,502.33 and the JSE combined index rose 225.21 points to close at 169,405.13.
Trading resulted in 44 active securities in all market segments as 14 in the combined markets gained and 19 declined. Six stocks closed at 52 weeks’ highs.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 14 stocks with bids higher than their last selling prices and 7 with lower offers.
In trading, Barita Investments traded 10,275 shares and added 5 cents to close at $4, Berger Paints ended with 199,897 shares trading at $3.90, for a rise of 21 cents. Cable and Wireless ended with 177,451 units changing hands to close at $1.40, Caribbean Cement ended at $25, with 138,475 shares trading, Carreras closed at $61 with 20,149 units changing hands. Ciboney traded only 198,400 shares with price falling 1 cent to 25 cents, Gleaner Company traded 118,100 shares to close at $2.70, Grace Kennedy fell sharply by $4.13 as 117,534 units changed hands at $80.30. Hardware and Lumber fell 50 cents with 7,000 units trading at $18, Jamaica Broilers gained 25 cents to close at $11.20 with 124,946 shares changing hands, for a new 52 weeks’ high, JMMB Group traded 666,056 units and fell 95 cents cents to end at $12, Kingston Wharves traded 23,575 units at $11.25.
Mayberry Investments traded 426,379 shares and gained 5 cents to end at $4.70, National Commercial Bank fell 2 cents to end at $41.49, with 163,857 units changing hands, Pan Jamaican Investments fell 99 cents to close at $95.01 with 109,010 shares trading. Radio Jamaica trade just 200 shares but closed with a gain of 10 cents to a 52 weeks’ high of $5.60, Sagicor Group closed at $23 with 109,760 units changing hands, Sagicor Real Estate Fund traded 9,000 shares at $11.60, Scotia Group lost $2.65 to close with 289,935 shares changing hands at $30.10. Scotia Investments dropped $2.22 to close at $26.80 after 61,048 units traded, Seprod traded 18,206 units and fell 60 cents to end at $20, Supreme Ventures fell 3 cents to end at $4.63 with 754,726 units changing hands and Proven Investments ordinary share traded 612,564 units to end at 21.75 US cents, down from 22.87 US cents.
JSE main market rebounds on Monday
Scotia Group traded at a new 52 weeks’ high of $32.75 on Monday.
The Jamaica Stock Exchange closed on Monday with wild swings in the indices with the main markets rising quite strongly in the early morning session only to see it fall by 11 am but regained lost ground to be up strongly at the close. The junior market surged out of the block from the start with that index rising over 8 percent at the peak.
The JSE Market Index jumped 1,053.22 points to 157,776.59, the all Jamaica Composite Index 1,177.02 points to end at 175,280.53 and the JSE combined index rose 2,503.44 points to close at 169,179.92.
At the close, 6,236,086 units valued at only $35,592,624 changed hands in all markets with the junior market accounting for of 2,024,430 units changed hands, valued at $9,319,672. Trading was broad based with a total of 43 active securities in all market segments as 25 in the combined markets gained and 12 declined. Eight stocks closed at 52 weeks’ highs and two traded at intraday highs.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 13 stocks with bids higher than their last selling prices and 6 with lower offers.
In trading, Barita Investments traded 31,500 shares and added 15 cents to close at $3.95, Berger Paints ended with 25,670 shares trading at $3.69, for a rise of 49 cents. Cable and Wireless ended with 649,150 units changing hands to close at $1.40, Caribbean Cement jumped $3.95 to end at $25, with 11,122 shares trading, Carreras climbed $1 and closed at $61 with 69,500 units changing hands. Ciboney traded only 1,318,523 shares with price rising 1 cent to 26 cents, Gleaner Company traded 142,515 shares to close at $2.70, Grace Kennedy closed with a gain of 33 cents as 18,969 units changed hands at $84.33. Jamaica Broilers gained 20 cents and closed at $10.95 with 86,400 shares changing hands, for a new 52 weeks’ high, Jamaica Stock Exchange traded 27,135 shares and gained 22 cents to close at $18.82, JMMB Group traded 34,090 units and rose 59 cents to end at a 52 weeks high of $12.95, Kingston Wharves traded 34,334 units at $11.25. 
Mayberry Investments traded 20,000 shares and gained 25 cents to end at $4.65, National Commercial Bank fell $1.54 to end at $41.51, with 37,983 units changing hands. Radio Jamaica had 115,654 shares trading at $5.50. Sagicor Group fell 3 cents to close at $23 with 338,597 units changing hands, Sagicor Real Estate Fund traded 34,900 shares at $11.60, Scotia Group closed with 16,708 shares changing hands at a 52 weeks’ closing high of $32.75 for a gain of 75 cents. Scotia Investments fell 3 cents to close at $29.02 after 3,830 units traded, Seprod traded 20,541 units but gained 60 cents to end at $20.60, Supreme Ventures rose 6 cents to end at $4.66 with 981,818 units changing hands and Jamaica Money Market Brokers 7.50% preference share traded 176,760 units to end at $2.
JSE main market stocks retreat on Friday
JMMB Group closed at new 52 weeks’ high on Friday
Thirteen stocks closed at 52 weeks’ highs, as the Jamaica Stock Exchange’s main markets dipped but the junior market surged 8.7 percent to a new record high. Sharp gains in the three Lasco companies along with gains in 7 others, helped push the junior market index to it new heightened levels.
The JSE Market Index fell 361.01 points to 156,723.37, the all Jamaica Composite Index dropped 403.44 points to end at 174,103.51 and the JSE combined index rose 1,175.06 points to close at 166,676.48. At the close, 14,781,285 units valued at $108,053,355 changed hands in all markets with the junior market accounting for of 10,672,995 units changed hands, valued at $46,214,999. Trading was broad based with a total of 43 active securities in all market segments as 25 in the combined markets gained and 12 declined.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 15 stocks with bids higher than their last selling prices and 4 with lower offers.In trading, Berger Paints ended with 362,381 shares trading at $3.20, for a fall of 50 cents. Cable and Wireless rose 8 cents, with 430,114 units changing hands to close at $1.40, Caribbean Cement dropped $5.45 to end at $21.05, with 90,201 shares trading, Carreras fell $1 and closed at $60 with 102,883 units changing hands. Ciboney traded only 32,159 shares with price rising 1 cent to 25 cents, Desnoes and Geddes traded 2,000 shares but closed at $29.01, Gleaner Company traded 255,400 shares with a gain of 10 cents to close at $2.70, Grace Kennedy closed with 154,940 units changing hands at $84. Hardware and Lumber traded 599,470 shares at $18.50, Jamaica Broilers fell 1 cent and closed at $10.75 with 462,348 shares changing hands, Jamaica Producers traded 121,252 shares to end at $31. JMMB Group traded 223,017 units and rose 36 cents to end at a 52 weeks high of $12.36, Kingston Wharves rose 25 cents in trading 62,559 units at $11.25, National Commercial Bank gained $1.55 to end at $43.05, with 10,886 units changing hands at a new 52 weeks’ closing high. Radio Jamaica had 153,706 shares trading 45 cents higher at $5.50.
Sagicor Group jumped 52 cents to close at a 52 weeks’ high of $23.03 with 464,643 units changing hands, Sagicor Real Estate Fund traded 66,500 shares but the price jumped $1.60 to $11.60. Scotia Group closed with 62,862 shares changing hands at 52 weeks’ closing high of $32 for a gain of $1.90, Scotia Investments fell by 85 cents to close at $29.05 after trading 10,000 shares, Supreme Ventures fell 6 cents to end at $4.60 with 166,144 units changing hands. Proven Investments traded 36,200 ordinary shares to end at 21.5 US cents after declining by 1.49 US cents, Jamaica Money Market Brokers 7.50% preference share traded 50,000 units for a gain of 2 cent to end at $2 and Proven Investments preference share traded 182,905 units to close at $5.
Another explosive day for Jamaican stocks
Carib Cement closed at a new 52 weeks’ high on Thursday of $26.50.
The JSE Market Index surged 2,831.72 points to 157,084.38, the all Jamaica Composite Index soared 3,164.61 points to end at 174,506.95 and the JSE combined index leapt 3,371.69 points to close at 165,501.42.
At the close, 6,753,668 units valued at $75,464,922 changed hands in all markets with the junior market accounting for of 3,272,184 units changing hands, valued at $17,503,527. Trading was broad based with a total of 44 active securities in all market segments as 19 in the combined markets gained and 11 declined.
The main market seems on its way to 185,000 points level, the next major area of resistance having been moving well away from resistance around the 165,000 points level on the all Jamaica composite index. There is limited volume of stocks of some major companies on offer, suggesting that investors holding them see much higher prices ahead hence the need for buyers to increase their prices to obtain supply.
What appears to be an imbalance could well see the main market breaking the 185,000 points level before long. IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 15 stocks with bids higher than their last selling prices and 4 with lower offers.In trading, Berger Paints ended with 159,300 shares trading at $3.70, for a rise of 54 cents. Cable and Wireless fell 3 cents, with 154,380 units changing hands to close at $1.32, Caribbean Cement jumped $5.50 to end at a 52 weeks’ high of $26.50, with 90,670 shares trading, Carreras closed at $61 with 5,873 units changing hands. Ciboney traded only 1,200 shares with price falling 1 cent to 24 cents, Desnoes and Geddes traded 22,100 shares but closed at $29, mp-in-gleaners-q3-profits-by-70/”>Gleaner Company traded 264,000 shares at $2.60 with a 10 cents gain, Grace Kennedy closed with 4,033 units changing hands at $84.70. Jamaica Broilers rose 1 cent and closed at a 52 weeks’ high of $10.76 with 726,646 shares changing hands, Jamaica Producers traded 25,200 shares to end at $31 for a loss of 99 cents. JMMB Group traded 5,500 units and rose 90 cents to end at a 52 weeks high of $12, infrequently traded Kingston Properties had 43,707 units trading at $7.07, Kingston Wharves lost 40 cents in trading 155,819 units at $11.
Mayberry Investments gained 5 cents with 11,010 units changing hands at $4.40, National Commercial Bank lost 50 cents to end at $42, with 140,765 units changing hands. Radio Jamaica had 10,000 shares trading 5 cents higher at $5.05. Sagicor Group jumped 51 cents to close at a 52 weeks’ high of $22.51 with 819,266 units changing hands, Sagicor Real Estate Fund traded 120,708 shares but the price dropped $1 to $10. Scotia Group closed with 550,504 shares changing hands at $30.10 for a gain of 8 cents, but traded at an intraday 52 weeks’ high of $34. At the close, the lowest offer to sell was at $34 with 17,939 shares and 3,895 units at $39.99 as supply of the stock has dried up. Bids were at $30.10 and lower with relative low volumes. Supreme Ventures ended at $4.66 with 103,650 units changing hands and Proven Investments traded 34,600 ordinary shares to end at 22.89 US cents.
12 new highs as JSE explodes Wednesday
NCB ended at a new closing high of $42.
The JSE Market Index surged 2,568.62 points to 154,252.66, the all Jamaica Composite Index soared by 2,870.57 points to end at 171,342.34 and the JSE combined index leapt 2,496.15 points to close at 162,129.73.
At the close, 17,158,401 units valued at $122,672,205 changed hands in all markets with the junior market accounting for of 3,347,529 units changed hands, valued at $9,025,299. Trading was broad based with a total of 44 active securities in all market segments as 25 in the combined markets rising and 10 declining.
The main market seems on its way to 185,000 points level the nest major area of resistance having been moving well away from resistance around the 165,000 points level on the all Jamaica composite index.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 15 stocks with bids higher than their last selling prices and 4 with lower offers.In trading, Berger Paints ended with 4,349,578 shares trading at $3.16, for a rise of 1 cent. Cable and Wireless fell 5 cents, with 390,428 units changing hands to close at $1.35, Caribbean Cement jumped $1.50 to end at a 52 weeks’ high of $21, with 163,870 shares trading, Carreras closed at $61, with 1,720 units changing hands for a rise of 15 cents. Ciboney traded 57,841 shares with price rising 4 cents to 25 cents, Desnoes and Geddes traded 1,417 shares but closed down 5 cents to $29, Gleaner Company traded 710,170 shares at $2.50 with a 45 cents gain. Grace Kennedy closed with 4,031 units changing hands, for 50 cents higher at $84.70, Jamaica Broilers rose 30 cents and closed at a 52 weeks’ high of $10.75 with 34,091 shares changing hands, Jamaica Producers traded 5,000 shares to end at $31.99 for a loss of 1 cent. Jamaica Stock Exchange traded 37,839 shares to close at $18.60. JMMB Group traded 1,104,439 units and rose 65 cents to end at a 52 weeks high of $11.10,
s=”alignright size-full wp-image-24176″ />Kingston Wharves rose 5 cents in trading 6,071,000 units at $11.40, Mayberry Investments had 10,530 units changing hands for $4.35, National Commercial Bank gained $1.42 to end at a 52 weeks’ high of $42, with 13,868 units changing hands. 138 Student Living had 3,067 units trading for a gain of 5 cents to a 52 weeks’ high of $4.75, Radio Jamaica had 377,987 shares trading at $5. Sagicor Group jumped $1.81 to close at a 52 weeks’ high of $22 with 15,950 units changing hands. Scotia Group had 218,703 shares changing hands at $30.02 for a gain of 1 cent and Supreme Ventures rose 3 cents to end at $4.66 with 123,931 units changing hands and Proven Investments traded 41,432 ordinary shares to end at 22.9 US cents.
JSE 2,940 points intraday gains melt to 240
Sagicor Group traded at a new high on Tuesday
The JSE Market Index rose 214.68 points to 151,684.04, the all Jamaica Composite Index gained 239.92 points to end at 168,471.77 and the JSE combined index gained 418.68 points to close at 159,633.58.
At the close, 5,096,460 units valued at $149,875,337 changed hands in all markets with the junior market accounting for of 1,801,000 units changed hands, valued at $7,668,101. Trading was broad based with a total of 44 securities being active in all market segments. Of the stocks trading 17 in the combined markets gained and 8 declined. Five stocks traded at 52 weeks’ closing high and 2 at intraday 52 weeks’ high as investors’ continue to push prices higher.
The main market was facing resistance around the 165,000 points level, on the all Jamaica composite index, now that it has crossed it and seems to be moving away, this level appears to be gathering strength to offer support for the market.IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 16 stocks with bids higher than their last selling prices and 8 with lower offers.
In trading, Berger Paints ended with 27,839 shares trading at $3.15 for a loss of 5 cents, Cable and Wireless rose 2 cents with 88,799 units changing hands to close at $1.40, but the stock was on offer at $1.35 at the close. Caribbean Cement dropped 94 cents to end at $19.50, with 5,019,013 shares trading, Carreras closed at $60.85, with 1,640 units changing hands for a rise of 85 cents, Desnoes and Geddes traded 136,442 shares but closed down 95 cents to $29.05, Gleaner Company traded 20,000 shares at $2.05 with a 35 cents gain. Grace Kennedy with 11,249 units changing hands, finished 20 cents higher at $84.20, Jamaica Broilers fell 5 cents and closed at $10.45 with 34,091 shares changing hands, Jamaica Producers traded 2,141 shares to end at $32, Jamaica Stock Exchange fell 39 cents while trading 42,101 shares to close at $18.60. JMMB Group traded 331,521 units and rose 25 cents to end at $10.45, Kingston Wharves traded 21,296 units at $11.35, Mayberry Investments had 33,628 units changing hands for $4.35, National Commercial Bank gained 8 cents to end at a 52 weeks’ high of $40.58, with 26,683 units changing hands.
138 Student Living had 138,798 units trading at $4.60 after rising to an intraday high of $4.70, Radio Jamaica had 215,062 shares trading with a gain of 92 cents to end at $5, but with 211,797 units selling for $4.20 and lower. Sagicor Group rose 19 cents to close at a 52 weeks’ high of $20.19 with 3,200 units changing hands, after it traded as high as $22. Scotia Group had 92,420 shares changing hands at $30.01 and Supreme Ventures ended at $4.66 with 76,838 units changing hands and Jamaica Money Market Brokers 7.50% preference share traded 15,947 units to end at $1.98.
