JSE majors rise on modest volume – Monday

July 11, 2016 by

Kingston Wharves traded at a new high of $16.50 on Monday.

Kingston Wharves traded at a new high of $16.50 on Monday.

Trading in Jamaica Stock Exchange resulted in new 52 weeks’ highs being reached, with Kingston Wharves trading 33,259 units at a closing high of $16.35 with a rise of 35 cents, after trading as high as $16.50 in the morning session. Jamaica Producers closed at $7.95 with a rise of 4 cents after hitting an intraday high of $8.20 with 5,721 shares traded. The stock price now reflects the bonus issue of five new shares effective as of Friday last.
The market closed another day of moderate trading, with just 7,251,095 units valued at $26,482,201 changing hands, in all market segments. The junior market accounted for 2,230,238 valued at $6,146,551, of all trades while Jamaica Money Market Brokers 7.50% preference share accounted for 2,887,125 at $2.10.
A total of 49 securities traded, 12 more than on Friday, with the prices of 21 stocks rising, 17 declining, including 8 stocks rising and 6 declining from the junior market as the market continues to consolidate while waiting for fresh and important news to move the market out of the narrow range its been traded.
The JSE Market Index climbed 275.55 points to end at 159,372.46. The all Jamaica Composite Index rose 308.17 points to close at 177,068.47 and the JSE combined index rose 533.38 points, to end at 168,685.93.
ICI JSE sum 11-07-16 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 8 stocks with bids higher than their last selling prices and 7 with lower offers.
At the end of market activities, Barita Investments traded 201,710 units but lost 1 cents to close at $2.99, Cable & Wireless rose by 3 cents while trading 1,161,868 shares to close at $1.13, Caribbean Cement traded 5,912 shares and fell 80 cents to close at $22.20, Carreras gained 45 cents in trading 3,575 shares to close at $66.45. 1834 Investments traded 6,564 shares after rising 5 cents to close at $1.19, Grace Kennedy fell 50 cents to close at $119.50 with 8,396 units changing hands. Jamaica Broilers ended with 444,855 units changing hands with a loss of 10 cents to close at $14.90, Jamaica Stock Exchange traded 28,748 shares at $21.35 with a gain of 2 cents, JMMB Group traded 31,000 units but lost 28 cents to end at $9.72, National Commercial Bank ended with 10,166 units changing hands at $42. Pan Jamaican Investment Trust traded 4,365 shares to close at $24.30 after gaining 30 cents, IN-JSE fn Qts 11-07-16Portland JSX fell 51 cents and ended with 70,533 shares changing hands at a new closing high of $13.49. Pulse Investments traded 30,877 shares with a loss of 4 cents at $2.50, Radio Jamaica traded at $1.59 after 26,338 shares changed hands, with a 1 cent loss, Sagicor Group ended with 32,339 shares changing hands, the price jumped 60 cents to end at $23.65. Sagicor Real Estate Fund traded 17,845 shares to close at $10.12, Scotia Group gained 19 cents with 624 shares trading, to close at $30.21, Scotia Investments climbed $1 and ended with 5.700 shares trading, to close at $26, while Supreme Ventures accounted for only 2,600 units but lost 20 cents to end at $4.30.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , ,

JSE off to slow start – Monday

July 11, 2016 by

Jamaica stocks are off to a slow and moderate start to the new week with no trading in junior stocks after more than 44 minutes of opening. Kingston Wharves, however, climbed to a new high of $16.50, but with limited volume.
Cable & Wireless is the sole stock to trade more than 100,000 units with 204,519 shares traded at $1.12, JSE intra 11-07-16Knutsford Express fell $2.10 on small volume to $14.70 and Portland JSX fell 80 cents to $13.20 with 26,892 shares changing hands. Elsewhere, Lasco Distributors that came under selling pressure last week traded a small volume of just 1,500 shares at $6.
The session had low volumes trading overall after 80 minutes of the market’s opening resulting in 22 securities changing hands, accounting for a volume of just 296,560 shares 10 stocks gained and 6 declined. The average number of shares traded amounts to 13,480 units compared to an average of 49,022 units on Friday.
The all Jamaica Composite Index climbed 343.87 points to 177,104.17, the Jamaica Stock Exchange Market Index rose 307.48 points to 159,404.39 the Jamaica Stock Exchange combined index rose by 652.50 point to close at 168,805.05 points and the junior market index gained 35.80 points to 2,041.49.

Filed Under: JSE Combined, Stock Market Tagged With: , , , , , , , , ,

Big drop in JSE indices on Friday

July 8, 2016 by

Jamaica Producers traded on Friday with the new issued shares resulting from a 5 for 1 bonus.

Jamaica Producers traded on Friday with the new issued shares resulting from a 5 for 1 bonus.

Trading in Jamaica Producers Group shares now reflects the bonus issue of five new shares thus reducing the last traded price from $49 to $8.17 on Friday. The stock traded 11,600 units but lost 26 cents to end at $7.91 on another day of moderate trading, with just 2,859,884 units valued at $33,458,307 changing hands, in all market segments. The junior market accounted for 508,544 valued at $2,291,057, of all trades.
A total of 37 securities traded, 10 more than on Thursday, with the prices of 15 stocks rising, 10 declining, including 7 stocks rising and 3 declining from the junior market as the market continues to consolidate while waiting for news to break out.
ICI JSE sum 08-07-16The JSE Market Index dropped 1,772.60 points to end at 159,096.91. The all Jamaica Composite Index dived 1,982.38 points to close at 176,760.30 and the JSE combined index sank 1,923.60 points, to end at 168,152.55.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 12 stocks with bids higher than their last selling prices and 4 with lower offers.
At the end of market activities, Cable & Wireless fell by 5 cents while trading 250,000 shares to close at $1.10, Caribbean Cement traded 30,716 shares and rose 87 cents to close at $23, Carreras gained $1.20 in trading 8,286 shares to close at $66, Ciboney traded 113,500 shares at 21 cents. 1834 Investments traded 100,000 shares after rising 12 cents to close at $1.14, Grace Kennedy closed at $120 with 3,722 units changing hands. Jamaica Broilers ended with 248,621 units changing hands to close at $15, Kingston Wharves traded 33,259 units to close at $16, National Commercial Bank ended with 118,898 units changing hands at $42. Pan Jamaican Investment Trust traded 475,746 shares to close at $24, Portland JSX gained $1 and ended with 50,950 shares changing hands at a new closing high of $14. IN-JSE fn Qts 08-07-16Radio Jamaica traded at $1.60 after 48,727 shares changed hands, with a 10 cents gain, but the stock was offered at $1.58 at the close. Sagicor Group ended with 39,904 shares changing hands, the price fell 45 cents to end at $23.05. Sagicor Real Estate Fund traded 454,950 shares and rose 2 cents to close at $10.12, Scotia Group fell 38 cents with 41,975 shares trading, to close at $30.02, Scotia Investments dropped $1 and ended with 2,000 shares trading, to close at $25, while Supreme Ventures accounted for 54,005 units to end at $4.50. JMMB Group 7.5% preference share traded 200,000 units to close with a gain of 1 cent at $1.05 and Jamaica Money Market Brokers 7.5% preference share traded 61,809 units to close with a loss of 1 cent at $2.09.

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Portland JSX jumps to $14

July 8, 2016 by

Investors pushed Portland JSX to a new high of $14, for an increase of 27 percent, since it was listed on Wednesday. The stock has so far traded 30,000 shares and put on $1 in the morning session. Lasco Distributors with 124,864 shares changing hands and Caribbean Producers, made some recovery from two day of declines.
JSE intra 08-07-16rElsewhere, Pan Jamaican Investment traded 469,095 shares at $24.20 and Lasco Financial traded 128,515 shares at $3.35.
The session, generally, had low volumes trading after 85 minutes of the market’s opening, resulting in 22 securities changing hands and accounting for a volume of 1,078,489 shares, of which 11 stocks gained and 3 declined. The average number of shares traded amounts to 49,022 units, compared to an average of 17,210 units on Thursday.
The all Jamaica Composite Index climbed 881.09 points to 179,623.77, the Jamaica Stock Exchange Market Index rose 787.85 points to 161,657.36 the Jamaica Stock Exchange combined index rose by 472.92 point to close at 170,549.07 points andthe junior market index slipped 25.14 points to 2,007.78.
By 11:15 am, the main market shed 1,785.12 points as measured by the all Jamaica Composite Index , the Jamaica Stock Exchange Market Index chopped 1,596.21 points and the Jamaica Stock Exchange combined index 1,738.49 while the junior market remained unchanged.

Filed Under: JSE Combined, Stock Market Tagged With: , , , , , , , ,

JSE majors surge on Thursday

July 7, 2016 by

Supreme Ventures traded the most shares on Thursday with 4.6m units

Supreme Ventures traded the most shares on Thursday with 4.6m units

Trading on the Jamaica stock market on Thursday remained modest, with just 5,903,834 units valued at $35,112,994 changing hands in all market segments but the all Jamaica Composite Index surged 1,199.46 points, recovering all of Wednesday’s decline but is still off from the close on Friday last.
The junior market accounted for 472,148 shares valued at $2,592,609, of all trades while Supreme Ventures accounted for 4,611,492 units as the price slipped 1 cent to end at $4.50.
A total of only 27 securities traded, 6 less than on Wednesday, with the prices of 10 stocks rising, 13 declining, including 4 stocks rising and 5 declining from the junior market. Notwithstanding the market movements for the past week, the market continues to consolidate while waiting for news to break out.
The JSE Market Index jumped 1,072.53 points to end at 160,869.51. The all Jamaica Composite Index surged 1,199.46 points to close at 178,742.68 and the JSE combined index eased 37.74 points, to end at 170,076.15.
ICI JSE sum 07-07-16 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 13 stocks with bids higher than their last selling prices and 3 with lower offers.
At the end of market activities, Cable & Wireless fell by 2 cents while trading 127,068 shares to close at $1.15, Carreras traded 5,205 shares but fell 20 cents to $64.80, Ciboney traded 31,500 shares at 21 cents. 1834 Investments traded 86,414 shares after rising by 2 cents to close at $1.02, Grace Kennedy dropped $3 and closed at $120 with 9,392 units changing hands. Jamaica Broilers ended with 6,808 units changing hands to close at $15, Jamaica Stock Exchange traded 1,000 shares and gained 33 cents to close at $21.33, IN-JSE fn Qts 07-07-16Mayberry Investments traded 200,612 units and fell 1 cent to close at $3.50, National Commercial Bank ended with 17,708 units changing hands at $42. Pan Jamaican Investment Trust traded 4,096 shares to close at $24, Portland JSX gained 45 cents and ended with 69,949 shares changing hands at a new closing high of $13, after it traded as high as $13.50. Radio Jamaica traded at $1.50 after 15,717 shares changed hands with a 5 cents gain, Sagicor Group ended with 12,780 shares changing hands, the price rose 45 cents to end at $23.50. Sagicor Real Estate Fund traded 22,800 shares and lost 2 cents to close at $10.10, Scotia Group fell 10 cents with 189,000 shares trading to close at $30.40 and Scotia Investments ended with 15,700 shares trading to close at $26.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , ,

LasD chops over 85 points off juniors

July 7, 2016 by

Investors chopped the price of Lasco Distributors by $1.01 to $5.99 and pulled down the junior market index by a large 4 percent or 85 points in early Thursday morning trading. After 80 minutes of trading the price plummeted to $5.30 pulling the index even lower. The drop also pulled down the combined market index by more than 1,100 points.
Investors continue to react negatively to the news that Pfizer’s estimate for damages due to Lasco is US$518,000 well off the US$300 million the local company is claiming.JSE intra 07-07-16 Lasco Distributors traded 396,700 shares as the price dropped $1.70 overall. The next big trade was Supreme Ventures with 4,600,497 units at $4.50. Some demand have built up for Portland JSX with 59,949 shares trading at $12.60 and with bids at $13.
The session had low volumes trading overall after 80 minutes of the market’s opening resulting in 18 securities changing hands, accounting for a volume of 5,311,849 shares 5 stocks gained and 5 declined. The average number of shares traded amounts to 295,103 units compared to an average of 17,210 units on Thursday.
The all Jamaica Composite Index dropped 379.30 points to 177,163.92, the Jamaica Stock Exchange Market Index fell 339.17 points to 159,457.81, the Jamaica Stock Exchange combined index declined by 1,190.21 to close at 168,783.34 points andthe junior market index slipped 99.03 points to 2,034.54.

Filed Under: JSE Combined, Stock Market Tagged With: , , , , , ,

JSE takes another hit- Wednesday

July 6, 2016 by

Port JSX The latest IPO, Portland JSX was listed at the start of trading after a successful public offering that saw the offer being oversubscribed. The stock opened with a bid to buy 30,000 shares for $1 more than the IPO price of $11 at $12 and later traded 8,500 units to end at $12.55 after it started trading at $12.05. The gain hardly did much to the market overall as the day closed with all major indices down.
Trading on the Jamaica stock market on Wednesday remained modest, with just 2,706,984 units valued at $46,242,560 changing hands in all market segments. The junior market accounted for 777,300 shares valued at $4,030,252, of all trades. All market indices lost ground as stocks declining were slightly ahead the ones rising.
A total of 33 securities traded 6 less than on Tuesday, with the prices of 10 stocks rising, 13 declining, including 4 stocks rising and 5 declining from the junior market. Notwithstanding the decline over the past few days, the market continues in a consolidating mode, with the indices rising and falling from day to day, with no new information to cause a break out.
The JSE Market Index dropped 912.73 points to end at 159,796.98. The all Jamaica Composite Index plunged 1,020.75 points to close at 177,543.22 and the JSE combined index dived 1,430.24 points, to end at 170,113.89.
ICI JSE sum 06-07-16 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 10 stocks with bids higher than their last selling prices and 4 with lower offers.
At the end of market activities, Berger Paints traded 36,539 shares unchanged at $4.50, Cable & Wireless recovered 7 cents while trading 32,000 shares to close at $1.17, Caribbean Cement dropped $3 to close at $22 with 33,722 shares trading, Carreras traded 167,915 shares but fell 40 cents to $65, Ciboney traded 28,000 shares at 21 cents. Grace Kennedy gained $2.50 and closed at $123 with 20,869 units changing hands, Jamaica Broilers ended with 7,567 units changing hands to close at $15, Jamaica Producers traded 4,431 units to end at $49, Jamaica Stock Exchange traded 22,596 shares but fell $3 to close at $21, IN-JSE fn Qts 06-07-16JMMB Group traded 39,505 units and rose 1 cent to end at $9.73. Kingston Wharves traded 4,160 units and gained 99 cents to close at $16 as supply dries up on the stock, National Commercial Bank ended with 46,492 units changing hands at $42. Pan Jamaican Investment Trust lost $1.48 in trading 23,152 shares to close at $24, Sagicor Group ended with 6,055 shares changing hands at $23.05. Sagicor Real Estate Fund traded 906,595 shares to close at $10.12, Scotia Group fell 50 cents with 360,016 shares trading to close at $30.50, Sterling Investments ended with 14,000 shares trading to close with a fall of $1.49 at $11.50. Supreme Ventures lost 49 cents and ended at $4.51 while trading 7,200 units and Proven Investments traded 156,000 units to close at 16.49 US cents, up from 16 US cents.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , ,

Portland JSX list gains $1.51

July 6, 2016 by

The Jamaica Stock Exchange suffered another morning of slippage on Wednesday. The latest IPO, Portland JSX was listed at the start of the session after a successful public offering that saw the offer being oversubscribed. The stock opened with a bid to buy 30,000 shares at $12, compared to the IPO price of $11 and later traded 666 units up to $12.51.
JSE intra 06-07-16Caribbean Producers continues to see investors react negatively to news from the company of write down of inventories and restructuring cost, that will hit profits for the company’s fourth quarter, by cutting the price from the $3.90 it fell to on Tuesday, down to $3. Elsewhere Scotia Group traded 107,887 units at $30.51, AMG Packaging fell from $13.10 to $12.41 with 5,854 shares trading while Carib Cement crashed to $22.28 from $25 with 6,750 shares.
The session had low volumes trading overall, after 75 minutes of the market’s opening, resulting in 18 securities changing hands and accounting for a volume of 309,785 shares as 6 stocks gained and 6 declined. The average number of shares traded amounts to 17,210 units, compared to an average of 24,178 units on Tuesday.
The all Jamaica Composite Index dropped 607.16 points to 177,956.81, the Jamaica Stock Exchange Market Index fell 542.91 points to 160,166.80, the Jamaica Stock Exchange combined index declined by 657.15 to close at 170,886.98 points andthe junior market index slipped 14.97 points to 2,175.48.

Filed Under: JSE Combined, Stock Market Tagged With: , , , , , , , , ,

More 1834 Investments delays

July 6, 2016 by

Glnr 2Having not published the December 2015 quarterly report as required by the Jamaica Stock Exchange rules, 1834 Investments (formerly The Gleaner Company Limited) who previously advised of a delay in reporting the March 2016 before the end of June, now promises the release of the audited accounts of the company by July 31, 2016.
The companies release comes against the background of an IC Insider report on the further delay in a posting on Tuesday.
According to the release which was issued and posted July 5, 2016 at 3:57 pm, the company stated, “as previously advised, the restructuring activities of the company during 2015, coupled with the change in financial year-end, and close of the merger transaction with Radio Jamaica Limited in March 2016, have necessitated an extensive revision to how the company’s accounts are compiled, reviewed and presented in order to distinguish between the continuing operations of 1834 and the discontinued media operations.”
“1834 Board is aware that shareholders are anxious to see the company’s financial results; however, 1834 is taking time to ensure the total accuracy of the accounts.1834 also advises that the audit review exercise is substantially complete and every effort is being made to finalize the accounts for release in advance of July 31, 2016.”
Radio Jamaica last week also indicated that their 12 months results are further delayed resulting from the merger.
Whether, the companies make the revised deadlines, the Jamaica Stock Exchange is not looking pretty in the messy situation of the failure for the Gleaner to release the 2015 numbers. The question now to be asked, should these companies shares still be trading with an unclear financial picture, occasioned by the long delays and the uncertainty resulting therefrom.

Filed Under: Company News, Company Results Tagged With: , , ,

14 up 13 down on JSE – Tuesday

July 5, 2016 by

Exchange place Trading on the Jamaica stock market on Tuesday remains modest, with just 2,299,731 units valued at $26,990,419 in all market segments changing hands. The junior market accounted for 626,581 shares valued at $2,868,043 of all trades. All market indices lost ground as stocks declining were almost equal to the ones rising.
A total of 39 securities traded 3 more than on Monday, with the prices of 14 stocks rising, 13 declining, including 3 stocks rising and 8 declining from the junior market. The market is in a consolidating mode with the indices rising and falling from day to day, with no new information to cause a break out.
The JSE Market Index dropped 400.51 points to end at 160,709.71.The all Jamaica Composite Index declined 447.93 points to close at 178,563.97 and the JSE combined index fell 538.83 points, to end at 171,544.13.
ICI JSE sum 05-07-16 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 11 stocks with bids higher than their last selling prices and 9 with lower offers. At the end of market activities, Cable & Wireless lost 10 cents trading 202,701 shares to close at $1.10, Caribbean Cement gained $1 to close at $25 but with just 290 shares trading, Carreras traded a mere 650 shares but gained 60 cents to $65.40, Ciboney traded 35,000 shares at 21 cents, 1834 Investments traded 31,000 shares to close at $1. Grace Kennedy gained 50 cents and closed at $120.50 with 7,280 units changing hands, Jamaica Broilers ended with 92,592 units changing hands and gained 20 cents to close at $15 as the company released audited accounts showing earnings per share of $1.44, up from 86 cents as the Jamaican operations saw a surge in segment profits of nearly $1 billion. Jamaica Producers traded 6,950 units after rising 90 cents to end at $49, Jamaica Stock Exchange traded 28,804 shares but fell $1.10 to close at $24, Kingston Wharves traded 2,907 units and gained 45 cents to close at $15.01, Margaritaville Turks traded 164,600 shares at 20.5 US cents up from 19 US cents on Monday. Mayberry Investments closed with 15,000 shares changing hands at $3.56, for a gain of 1 cent, National Commercial Bank ended with just 2,936 units changing hands with a rise of 10 cents to $42. IN-JSE fn Qts 05-07-16Pan Jamaican Investment Trust rose 47 cents in trading 7,185 shares to close at $25.48, Radio Jamaica fell 20 cents to close with 38,074 shares changing hands at $1.45, Sagicor Group ended with 212,900 shares changing hands at $23.05, Sagicor Real Estate Fund traded 903,896 shares but lost 3 cents to close at $10.12. Scotia Group fell $1 with 2,792 shares trading to close at $31, Scotia Investments ended with 49,334 shares trading to close at $26, Seprod held firm at $16.60 while trading 5,000 units. Proven Investments traded 17,950 units to close at 16 US cents, down from 16.99 US cents and JMMB Group 7.25% preference share traded 15,000 units to close with a fall of 30 cents at $2.15.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , ,