Jamaican Stock Exchange majors lose record

PanJam traded at a 52 weeks' high of $30.

PanJam traded at an intraday 52 weeks’ high of $30.

Prices surged on the main market of the Jamaica Stock Exchange, in the early morning session on Thursday to within 800 points of the 210,000 before closing down from Wednesday record close. The market ended with the All Jamaica Composite Index climbing 23 percent for the year to date, the JSE market index gaining 25 percent and the Combined index rising 28 percent.
The All Jamaica Composite Index fell 371.99 points, to close at 206,378.97. The JSE Market Index declined 332.62 points to finish at 188,914.07. The JSE combined index shed 89.56 points to close at 201,853.60.
Market activity ended with 39 securities changing hands. At the close, the prices of 21 stocks gained while 10 declined in the overall market, including 8 stocks rising and 4 falling, in the junior market.
At the close with 4,537,612 units valued at $81,171,835 changed hands, compared to 4,343,022 units valued at $31,074,893 changing hands on Wednesday. Of the stocks traded, the junior market accounted for 943,860 units changing hands, valued at $5,642,777.
ICI JSE sum 29-12-16 The average trade for the day in the main market ended at 149740 shares compared to an average of 81,706 units traded on Wednesday. The average for the month to date stands at 176,057 shares compared to an average of 202,375 units for the month up to Wednesday. November ended with an average of 208,466 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 22 stocks with bids higher than their last selling prices and 3 with lower offers.
Some notable stocks with bids above the last sale price are Carreras with a bid of $66.65 compared to the last sale of $66.01,Kingston Wharves with a bid of $23 versus the last price of $20.01, National Commercial Bank with a bid of 50.50 compared to the last sale of $49.76, Pan Jam with a bid of $27.50 versus the last price of $27, Sagicor X Fund with a bid of $13 versus the last sale of $12 and Scotia Group that traded at $35.01, with a bid of $35.50.
In market activity, Cable & Wireless rose 8 cents to close at 80 cents with 1,218,433 units trading, Caribbean Cement ended with loss of 90 cents while trading 6,075 shares at $34.50, Carreras lost 24 cents in exchanging 248,649 shares to close at $66.01, Grace Kennedy lost 1 cent to close at $40.99 with 1,025,560 shares changing hands. Jamaica Broilers rose by 97 cents and closed at $15.05 with 29,552 shares changing hands, Jamaica Producers gained 20 cents to end at $9.05 with 412,176 units trading, Jamaica Stock Exchange gained 5 cents in trading 70,355 shares, to end at $5.60.ICI JSE fnqts 29-12-16 JMMB Group traded 109,870 units and gained 51 cents to end at $14.99, Mayberry Investments fell 40 cents to end at $5 with 12,927 shares changing hands, National Commercial Bank ended at $49.76 with 5,915 shares changing hands, PANJAM Investment traded 4,325 shares and gained $3 to close at a 52 weeks’ high of $30. Sagicor Group lost $1 in closing with 81,850 shares changing hands at $29, Sagicor X Fund ended with 177,629 units trading with a gain of 55 cent to close at $12, Scotia Group with 130,524 shares changing hands, closed with a gain of 2 cents at $35.01. Scotia Investments gained $1 with 2,515 units trading to end at $31, Seprod jumped $2.30 to end at $29.80 with 7,850 units changing hands, Supreme Ventures traded 19,400 shares at $5.07 and Proven Investments closed at 21.95 US cents, with 16,578 units changing hands.

AJI just 840 points from 210,000 – Thursday

The Jamaica Stock Exchange all Jamaica Composite Index jumped nearly 2,500 points in early trading on Thursday to sit less than 840 points from the 210,000 points level while the junior market rose above Wednesday’s record close as the market enjoy a strong finish to 2016.
ICI trd sht int -29-12-16Market activity resulted in 28 securities traded at 10:45 am, compared to 26 on Wednesday at 10:45 am. A total of 10 securities advanced and 6 declined, resulting in a volume of just 463,915 shares changing hands, carrying a value of $3,009,378, compared 721,003 shares changing hands, carrying a value of $1,962,803 on Wednesday. The average number of shares traded, amount to 16,568 units versus 27,731 units on Wednesday. The leading trades include Lasco Manufacturing with 200,000 units changing hands at $5 and Cable & Wireless has so far traded 150,000 units at 71 cents.
The all Jamaica Composite Index surged 2,311.10 points to a record 209,062.06, the Jamaica Stock Exchange Market Index jumped 2,066.54 points to an all-time high of 191,313.23, the Jamaica Stock Exchange combined index 1,983.88 points to a record high of 203,927.04 and the junior market index rose 6.57 to 2,580.12.

Jamaican stocks surge to record close

JSE inx 28-12-16 Prices surged on the main market of the Jamaica Stock Exchange, to close on Wednesday at a new closing high as the main market indices were up by more than 4,000 points. The market ended with the All Jamaica Composite Index climbing 23.5 percent for the year to date, the JSE market index gaining 25.6 percent and the Combined index rising 27.6 percent.
The All Jamaica Composite Index had sharp uptick of 4,561.30 points, to close at 206,750.96. The JSE Market Index surged 4,078.62 points to finish at 189,246.69. The JSE combined index jumped 3,991.66 points to close at 201,943.16.
Market activity ended with 36 securities changing hands. At the close, the prices of 13 stocks gained while 8 declined in the overall market, including 4 stocks rising and 3 falling, in the junior market.
At the close with 4,343,022 units valued at $31,074,893 changed hands, compared to 4,431,672 units valued at $71,950,263 changing hands on Thursday. Of the stocks traded, the junior market accounted for 2,545,501 units changing hands, valued at $2,533,304.
ICI JSE sum 28-12-16 The average trade for the day in the main market ended at 81,706 shares compared to an average of 167,153 units traded on Friday. The average for the month to date stands at 202,375 shares compared to an average of 323,045 units for the month up to Friday. November ended with an average of 208,466 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 13 stocks with bids higher than their last selling prices and 7 with lower offers.
Some notable stocks with bids above the last sale price are Kingston Wharves with a bid of $21 versus the last price of $20.01 Pan Jam with a bid of $27.50 versus the last price of $27 and Seprod with a bid of $29.80 with a last sale of $27.50.
In market activity, Barita Investments closed with a gain of 45 cents to $6 with 59,690 shares trading, Berger Paints traded 14,000 shares to end at $5.60, Cable & Wireless rose 2 cents to close at 72 cents with 98,075 units trading, Caribbean Cement ended with gain of $4.70 while trading 25,306 shares at $35.40. Ciboney traded 257,346 shares at 22 cents, Grace Kennedy closed at $41 with 7,900 shares changing hands, Jamaica Broilers closed at $14.08 with 7,515 shares changing hands, Jamaica Producers lost 30 cents to end at $8.85 with 968,280 units trading, ICI JSE fnqts 28-12-16Jamaica Stock Exchange fell 4 cents in trading 5,325 shares, to end at $5.55. Mayberry Investments fell 10 cents to end at $5.40 with 63,413 shares changing hands, National Commercial Bank rose 76 cents to end at $49.76 with 27,850 shares changing hands, PANJAM Investment traded 2,000 shares to close at $27. Pulse Investments traded 115,621 shares with a fall of 90 cents to close at $3, Radio Jamaica traded 80,000 shares to close at $1.22 after rising 2 cents, Sagicor Group closed with 8,250 shares changing hands at $30, Scotia Group with just 5,000 shares changing hands and closed with a gain of 99 cents at $34.99 and Proven Investments closed at 21.95 US cents up from 21.05 US cents, with 37,735 units changing hands.

AJI jumps 5,396 points to record 207,585 – Wednesday

Pan Jam Investment jumped $2.50 to a new high of $29.50 in trading on the Jamaica Stock Exchange, on Wednesday, after the market opened having been closed for the holidays and helped the main market indices to surge by 4,047 points ICI trd sht int -28-12-16on the all Jamaica Composite index at 10:45.
At 11:40 the strong> all Jamaica Composite Index surged by 5,395.82 points to 207,585.48, the Jamaica Stock Exchange Market Index jumped 4,824.83 points to an all-time high of 189,992.90, the Jamaica Stock Exchange combined index 4,426.36 points to a record high of 202,377.86 and the junior market index fell 4.65 to 2,548.52.
Market activity resulted in 26 securities traded at 10:45 am, compared to 20 on Friday at 10:45 am. A total of 9 securities advanced and 4 declined, resulting in a volume of 721,003 shares changing hands, carrying a value of $1,962,803, compared 272,207 shares changing hands, carrying a value of $4,538,567 on Friday. The average number of shares traded, amount to 27,731 units versus 13,610 units on Friday.
At 10:45, the all Jamaica Composite Index surged 4,047.12 points to a record 206,236.78, the Jamaica Stock Exchange Market Index jumped 3,618.86 points to an all-time high of 188,841.46, the Jamaica Stock Exchange combined index 3,321.81 points to a record high of 201,273.31 and the junior market index fell 3.31 to 2,549.86.

Venezuelan stocks lead with 95% in 2016

stocksWith just one week from the close of 2016, Venezuela Caracas Stock Exchange leads the world’s stock markets with year to date of 94.94 percent in the market Index, according to data reported on Bloomberg website.
Peru S&P/BVL LIMA 25 Index is next, with year to date return of 81.80 percent, Kazakhstan Stock Exchange Index KASE gained 57.16 percent up to Friday, December 23, while the return for S&P/BVL Peru General Index is up 56.71 percent. Jamaica Stock Exchange JSE index that topped the world in 2015, trails well behind the 2016 leaders with gain of just 20.8 percent year to date.
While the Venezuela stock market may record the highest gains in local currency for 2016, with inflation according to financial news network CNBC expected to hit 700 percent for 2016, the market may well end up being one of the worse performing.

Sagicor Group jumps $2.30 to a new record

Sagicor Group ended at a record close on Friday of $30.

Sagicor Group ended at a record close on Friday of $30.

Sagicor Group jumps $2.30 to a record $30 In trading on the Jamaica Stock Exchange at the close of the market on Friday.
The market closed with reduced volume and value from the previous day with advancing stocks beating declining stocks almost 3 to 1 but the main market indices fell but the junior index hit a new record high.
The All Jamaica Composite Index dropped by 935.46 points, to close at 202,189.66 to be up by 21 percent for the year to date. The JSE Market Index lost 836.47 points to finish at 185,168.07. The JSE combined index declined by 350.93 points to close at 197,951.50, with gain for the year to date, of 25 percent.
Market activity ended with 37 securities changing hands, at the close, the prices of 19 stocks gained while 7 declined in the overall market, including 7 stocks rising and 3 falling, in the junior market.
At the close with 4,431,672 units valued at $71,950,263 changed hands, compared to 2,742,916 units valued at $409,709,133 changing hands on Thursday. Of the stocks traded, the junior market accounted for 587,155 units changing hands, valued at $2,533,304.
ICI JSE sum 23-12-16 The average trade for the day in the main market ended at 167,153 shares compared to an average of 85,825 units traded on Thursday. The average for the month to date stands at 478,937 shares compared to an average of 323,045 units for the month up to Thursday. November ended with an average of 208,466 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 12 stocks with bids higher than their last selling prices and 2 with lower offers. Some notable stocks with bids above the last sale price are Jamaica Broiler with a bid of $14.50 versus the last price of $14.08, Pan Jam with a bid of $30 versus the last price of $27 and Seprod with a bid of $29.80 with a last sale of $27.50.
In market activity, Berger Paints traded 8,109 shares and gained 1 cent to end at $5.60, Barita Investments traded 7,628 shares to end unchanged at $5.55, Cable & Wireless rose 5 cents to low of 70 cents with 418,150 units trading, Caribbean Cement traded with a loss of $1.30 while trading 26,766 shares at $30.70. Grace Kennedy gained $1 to close at $41 with 152,861 shares changing hands, Jamaica Broilers fell 92 cents and closed at $14.08 with 21,700 shares changing hands, Jamaica Producers gained 15 cents to end at $9.15 with 1,070,390 units trading, Jamaica Stock Exchange traded 17,545 shares, to end at $5.59. JMMB Group traded 8,734 shares at $14.48, Montego Ice traded 207,650 units at $20, National Commercial Bank recovered 1 cent and ended at $49 with 57,225 shares changing hands, PANJAM Investment traded 35,259 shares and dropped $1.10 to close at $27. ICI JSE fnqts 23-12-16Radio Jamaica traded 25,774 shares to close at $1.20 after rising 12 cents, Sagicor Group jumped $2.30 to close with 1,393,691 shares changing hands at a 52 weeks’ high of $30, Scotia Group with 41,948 shares changing hands and closed at $34. Scotia Investments rose 70 cents with 2,013 units changing hands to close at $30, Seprod closed trading at $27.50 with 82,176 shares changing hands, Supreme Ventures traded just 2,223 units to end with the price gaining 17 cents to $5.07, Proven Investments declined from 21.95 US cents to end at 21.05 US cents, with 44,930 units changing hands and JMMB Group 7.5% preference share traded 200,000 units to close at $1.08.

Investors push Derrimon stocks up sharply – Friday

The Jamaica Stock Exchange, is seeing sparse trading, ahead of the Christmas holidays Thursday’s well below levels, leading to falls in the market indices in the morning session on Friday.
ICI trd sht int -23-12-16rInvestors pushed Derrimon Trading by 80 cents to $4.80 with 87,710 following the company’s report on Thursday that it will be making prepayment for 23,379,208 stock units in Caribbean Flavours. When purchased, Derimon would become the parent company having had just under 50 percent of the shares currently. This would require an offer being made to minority shareholders.
Market activity was moderate, resulting in only 20 securities trading at 10:45 am, compared to 15 on Thursday. A total of 9 securities advanced and 5 declined, resulting in a volume of 272,207 shares changing hands, carrying a value of $4,538,567, compared 904,871 shares changing hands, carrying a value of $7,114,541 on Thursday. The average number of shares traded, amount to 13,610 units versus 60,325 units on Thursday.
The all Jamaica Composite Index slipped 728.63 points to 202,396.49, the Jamaica Stock Exchange Market Index shed 651.53 points to 185,353.01, the Jamaica Stock Exchange combined index lost 556.28 points to be at 197,746.15 and the junior market index rose 4.66 to 2,516.51.

JPS preference share jumps $36 to $1,283

JPS preference share was the biggest mover on Thursday.

JPS preference share was the biggest mover on Thursday.

In Jamaica Stock Exchange trading on Thursday, Jamaica’s light and power company, Jamaica Public Service Company 7 percent preference share jumped $36 to a record high of $1,283 with 299,9000 units changing hands.
The market closed with reduced volume and value from the previous day with price changes, equally split between rising and declining stocks.
The All Jamaica Composite Index inched up by 147.22 points, to close at 203,125.12 to be up by 21 percent for the year to date. The JSE Market Index gained 131.64 points to finish at 186,004.54. The JSE combined index declined by 57.36 points to close at 198,302.43, with gain for the year to date, of 25 percent.
Market activity ended with just 25 securities changing hands, at the close, the prices of 8 stocks gained while 8 declined in the overall market, including 1 stocks rising and 4 falling, in the junior market.
At the close with 2,742,916 units valued at $409,709,133 changed hands, compared to 29,273,598 units valued at $1,131,638,942 changing hands on Wednesday. Of the stocks traded, the junior market accounted for 1,283,884 units changing hands, valued at $6,029,065.
ICI JSE sum 22-12-16 The average trade for the day in the main market ended at 85,825 shares compared to an average of 1,205,881 units traded on Wednesday. The average for the month to date stands at 478,937 shares compared to an average of 872,049 units for the month up to Wednesday. November ended with an average of 208,466 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 17 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Grace Kennedy fell 99 cents to close at $40 with 248,497 shares changing hands, Jamaica Broilers rose 50 cents and closed at $15 with mere 317 shares changing hands, Jamaica Producers gained 50 cents to end at $9 with 137,243 units trading, Jamaica Stock Exchange traded 3,728 shares, to end at $5.59. JMMB Group traded 3,328 shares at $14.48, Kingston Wharves ended trading 800 shares to close at $19.70 after adding 30 cents, National Commercial Bank lost 1 cent and ended at $48.99 with 5,274 shares changing hands, ICI JSE fnqts 22-12-16PANJAM Investment traded 2,377 shares and jumped 65 cents to close at a 52 weeks high of $28.10. Sagicor Group lost 10 cents to close with 149,513 shares changing hands, Sagicor Real Estate Fund traded 29,309 units to close with a gain of 49 cents at $11.49, Scotia Group with 21,945 shares changing hands and closed at $34. Scotia Investments dropped $4.10 with 1,828 units changing hands to close at $29.30, Seprod closed trading at $27.50 with 2,200 shares changing hands, Supreme Ventures traded 500,000 units to end with the price falling 12 cents at $4.90 and Proven Investments declined from 22 US cents to end at 21.95 US cents, with 53,485 units changing hands.

Mild losses for Jamaican stocks – Thursday

The Jamaica Stock Exchange, suffered mild losses in the market indices in the morning session on Thursday. The important all Jamaica Composite Index sits just under 203,000 points compared to 204,535 in early trading on Wednesday.
ICI trd sht int -22-12-16Trading of note includes Supreme Ventures with 500,000 shares at $4.90, Lasco Financial Services with 208,325 units at $3.10 and Cargo Handlers traded at intraday high of $18.50 before falling back to $16 with 46,199 shares changing hands.
Market activity was moderate, resulting in only 15 securities traded at 10:45 am, compared to 22 on Wednesday at 10:45 am. A total of 3 securities advanced and 5 declined, resulting in a volume of 904,871 shares changing hands, carrying a value of $7,114,541, compared 488,203 shares changing hands carrying a value of $11,897,071 on Wednesday. The average number of shares traded, amount to 60,325 units versus 22,191 units on Wednesday.
The all Jamaica Composite Index slipped 81.33 points to 202,896.57, the Jamaica Stock Exchange Market Index shed 72.73 points to 185,800.17, the Jamaica Stock Exchange combined index lost 80.79 points to be at 198,279.00 and the junior market index pulled back 1.30 to 2,528.00.

Jamaican stocks pull back from record

Sagicor Group closed at a 52 weeks' high on Thursday on the JSE.

Sagicor Group closed at a 52 weeks’ high on Thursday on the JSE.

Trading rose on the Jamaica Stock Exchange on Wednesday with increased volumes and value but prices mostly fell back as the indices pulled back from the record close on Tuesday.
The All Jamaica Composite Index closed with a fall of 205.12 points at 202,977.90 to be up by 21 percent for the year to date. The JSE Market Index dropped 183.41 points to finish at 185,872.90. The JSE combined index declined by 351.05 points to close at 198,359.79, with gain for the year to date, of 25 percent.
Market activity ended with 40 securities changing hands, at the close, the prices of 10 stocks gained while 17 declined in the overall market, including 3 stocks rising and 4 falling, in the junior market.
At the close with 29,273,598 units valued at $1,131,638,942 changed hands, compared to 22,971,772 units valued at $146,022,777 changing hands on Tuesday. Of the stocks traded, the junior market accounted for 332,445 units changing hands, valued at $1,568,652.
ICI JSE sum 21-12-16 The average trade for the day in the main market ended at 1,205,881 shares compared to an average of 728,789 units traded on Tuesday. The average for the month to date ends at 872,049 shares compared to an average of 538,216 units for the month up to Tuesday. November ended with an average of 208,466 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks with bids higher than their last selling prices and 6 with lower offers.
In market activity, Barita Investments traded 7,628 shares to end unchanged at $5.55, Cable & Wireless fell 5 cents to a 52 weeks’ low of 65 cents with 260,217 units trading, Caribbean Cement traded with a loss of $1.19 while trading 1,700 shares at $32, Carreras lost 25 cents in exchanging 12,795 shares to close at $66. Investors traded 19,691 shares of 1834 Investments to close with a rise of 1 cent at $1.16, Grace Kennedy gained 98 cents to close at $40.99 with 4,020 shares changing hands. Jamaica Broilers closed at $14.50 with 9,583 shares changing hands, after falling 41 cents, Jamaica Producers lost 71 cents to end at $8.50 with 949,034 units trading, Jamaica Stock Exchange traded 999 shares, to end at $5.59 after falling by a cent, JMMB Group traded 11,569 shares and gained 47 cents to close at $14.48. Kingston Wharves ended trading 27,322 shares to close at $19.40 after slipping 20 cents, Mayberry Investments ended trading with 22,609 shares, to close with a rise of 70 cents at $5.50, National Commercial Bank ended at $49 with 17,096,730 shares changing hands, PANJAM Investment traded 1,173,845 shares but fell 5 cents to close at $27.45. Radio Jamaica lost 12 cents to close at $1.08 with 34,484 shares trading. ICI JSE fnqts 21-12-16Sagicor Group closed with 8,850,415 shares changing hands, 30 cents higher at a 52 weeks’ closing high of $27.80, Sagicor Real Estate Fund traded 159,673 units to close with a gain of 5 cents at $11, Scotia Group lost 90 cents with 63,901 shares changing hands and closed at $34. Scotia Investments dropped $4.10 with 1,828 units changing hands to close at $29.30, Seprod lost $2.50 to close trading at 27.50 with 37,856 shares changing hands, Supreme Ventures traded 117,534 units to end with a rise of 2 cents at $5.02 and Proven Investments declined from 22 US cents to end at 21.95 US cents, with 72,620 units changing hands.