JSE ends week moderately

March 27, 2015 by

Carerras traded up to $41 on Friday from $39.95, but on small volume.

Carerras traded up to $41 on Friday from $39.95, but on small volume.

Jamaica Stock Exchange trading activity ended the week with moderate trading, but trading resulted in the prices of 7 stocks rising, 5 declining as 19 securities changed hands, ending in a mere 933,931 units trading, valued at $7,246,086, in all market segments.
Main Market| At the close, the JSE Market Index gained 223.17 points to 83,397.97, the JSE All Jamaican Composite index rose 249.52 points to close at 91,961.10 and the JSE combined index increased by 228.52 points to close at 85,032.63.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 12 stocks with bids higher than their last selling prices and 4 with offers that were lower. The indicator is stronger for junior market stocks than the main market ones.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Carreras finishing with 853 units trading, to close with a gain of $1.05 at $41, Grace Kennedy closing with 2,390 shares, trading with a gain of 50 cents to $61.50. Jamaica Money Market Brokers finishing trading with 186,452 ordinary shares to end with an increase of 3 cents at $7.05, Mayberry Investments contributing 3,943 shares while gaining 8 cents to $2.08 and Radio Jamaica ending trading with 9,500 shares as the price rose 1 cent, to $1.39, a new 52 weeks high.
Firm| The stocks in the main market to close without a change in the last traded prices are, Desnoes & Geddes closed with 16,849 shares changing hands at $5.45, Proven Investments closing with 3,287 shares at 18 US cents, Scotia Group concluding trading with 91,792 shares at $21.50, units closed at with shares at.
JSE sum 27-3-15 Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Gleaner finishing with 65,500 units, the price slipped 9 cents to 86 cents, Sagicor Group trading 172,728 units to close lower by 12 cents, at $10.48 and Supreme Ventures while exchanging 200,000 units, closed 1 cent down to $2.29.
Preference| Jamaica Money Market Brokers 8.50% preference shares concluding trading with 15,628 units at $3.50 and Jamaica Money Market Brokers 8.75% preference shares finished with 41,965 units changing hands at $3.04.

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

Is end of quarter JSE rally on?

March 26, 2015 by

Jcakie Sharp CEO of Scotia Group that gained 45 cents on Thursday

Jcakie Sharp CEO of Scotia Group that gained 45 cents on Thursday

Thursday’s activity on the Jamaica Stock Exchange, resulted in the prices of 9 stocks rising, 4 declining as 20 securities changed hands, ending in 1,460,254 units trading, valued at $13,535,638, in all market segments. Closing market indicators are pointing to increased price gains, with the first quarter winding to a close.
Main Market| The JSE Market Index gained 865.46 points to 83,174.80, the JSE All Jamaican Composite index rose 967.61 points to close at 91,711.58 and the JSE combined index increased 800.44 points to 84,804.11.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 14 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower. The increased numbers, is suggestive of month end and end of quarter moves, by some investors or fund managers to get prices or values of certain stocks up to influence portfolio valuation, rather than a sustained higher interest in the market. Admittedly, the reading since March 18, has been strong with the number of higher bids ranging between 10 and 12.
Carreras gained 95 cents and is heading back above $40

Carreras gained 95 cents and is heading back above $40

Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Carreras closed with 4,200 shares changing hands 95 cents $39.95, Jamaica Broilers finishing trading with 2,000 shares changing hands at 20 cents to $4.50, National Commercial Bank concluding trading with 201,500 shares while gaining 89 cents $25. Pan Jamaican Investment finishing with 905 units to close with a gain of 1 cent to $57.01, Sagicor Group finishing trading with 131,751 shares to end with an increase of 9 cents to $10.60, Scotia Group contributing 162,952 shares while gaining 45 cents to $21.50 and Seprod ending trading with 37,892 shares as the price jumped $1.10 to $14 for a new 52 weeks’ high.
Firm| The stocks in the main market to close without a change in the last traded prices are, Berger Paints trading with 7,496 shares at $1.61, Cable & Wireless dealing in 333,413 units and closing at 50 cents. Caribbean Cement had 30,000 shares changing hands at $2.25, Desnoes & Geddes ending trading with 7,728 units at $5.45 and while exchanging 2,320 units, closed at $6.40.
JSE sum 26-3-15 Declines|The last traded prices of stocks with losses, at the end of trading in the main market are, Jamaica Money Market Brokers, closing with 223,767 units, finishing 24 cents lower at $7.02, Mayberry Investments concluding trading with 11,829 units, 36 cents lower to $2 and Scotia Investments in trading 9,000 units, the price slipped $1 to $22.
Preference| Proven Investments 8% preference share and closing with 1,000 shares traded with a gain of 45 cents to $5.50.

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

Tax measures bite stock market

March 13, 2015 by

New tax measures announced on Thursday, hit the stock market on Friday, particularly, Carreras that had a direct hit with increased taxes on cigarettes.
JSE 13-3-15The price of Carreras stock fell to close at $40 after shedding $3, but it traded as low as $38.01 before recovering partially.
National Commercial Bank lost 50 cents and Scotia Investments fell by $2. At the end of trading 9 stocks recorded gains and 11 suffered losses. Trading activity picked up from the low levels of Thursday as 27 securities traded worth $41,075,686 versus only 15 securities on Thursday. The JSE Market Index lost 637.18 points to 81,881.33, the JSE All Jamaican Composite index fell 712.40 points to close at 90,265.43.

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

JSE closes week on the down

March 6, 2015 by
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JSE cl chrt 6-3-15The all Jamaica composite index shed 1,895.35 to end the week at 90,831.96 and the JSE index lost 1,695.24 to end at 82,388.05 after National Commercial Bank closed at $23.50 down $2 and Scotia Group slipped by $1.39 to $21 contributed most to the decline. Scotia that release results after trading on Thursday reported lower profits in the quarter to January with profit of $1.45 billion versus $2.1 billion in 2014.

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

Paltry junior market trading

March 4, 2015 by

Activity on the Junior Market closed with 5 securities traded ending with 26,060 units changing hands valued at $76,275. The JSE Junior Market Index declined 1.20 points to close at 699.24, with the price of 2 advancing and 3 declining.
JM chrt 4-3-15At the close of the market, there were 6 stocks with bids higher than their last selling prices and 1 stock with an offer that was lower. The junior market ended with 4 securities closing with no bids to buy and there were 6 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Lasco Distributors closing with 1,000 shares trading, 1 cent higher to $1.46, Lasco Manufacturing finishing trading with 13,000 shares while gaining 1 cent to $1.16. Blue Power ending with 1,060 units to close lower by 5 cents to $6.30, Knutsford Express finishing trading with 10,000 units to fall 60 cents to $5.20 and Lasco Financial concluding trading with 1,000 units and declining by 1 cent to $1.05.

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

2 junior market stocks hit lows

March 3, 2015 by

Activity on the Junior Market closed with 6 securities traded and ending with 622,936 units changing hands valued at $866,023. The JSE Junior Market Index declined 1.24 points to close at 700.44, with the price of 1 stock advancing and 4 declining with two stocks reaching news lows by the end of trading.
JM 3-3-15At the close of the market, there were 6 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower. The junior market ended with 6 securities closing with no bids to buy and 5 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Lasco Financial ending with 156,000 units to close with a gain of 1 cent at $1.06, General Accident while dealing in 152,836 shares closed at $1.70, Caribbean Flavours ending with 10,000 units and closing 30 cents lower at a new 52 weeks’ low of $2.05. Lasco Distributors ending with 164,700 shares, closed with a loss of 1 cent at $1.45, Lasco Manufacturing trading 100,400 units to fall 9 cents to $1.15, Medical Disposables concluded trading with 39,000 units with a decline of 20 cents to a new low of $1.60.

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

Access’ $1b trade

March 2, 2015 by

AccessBuilding320px Access was the dominant trade in the entre stock market on Monday as Marcus James CEO of the company and the shareholder with the second largest holding, moved his shares in the company into a new name IC Insider was reliably advised. There was just one traded in the stock with 112,421,260 units trading at $9.60 with a value of $1.079 billion to record a 20 cents gain.
Only two other securities traded in the junior market by the close. Overall 2 stocks gained and one remained firm, at the close. The market closed with 317,720 units changing hands valued at $662,455. The JSE Junior Market Index declined 11.41 points to close at 699.35, with the prices of stocks advancing and 3 declining.
JM chrt 2-3-15At the close of the market, there were 3 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. The junior market ended with 4 securities closing with no bids to buy and 6 securities that had no stocks being offered for sale. Online casino 1Win International is expanding its geography and is now available throughout Latin America. The interface is also available in Spanish and Portuguese. Hurry up to get bonuses for the first users!
Stocks trading in the junior market with gains are, General Accident finishing with 173,762 shares trading at $1.70 and Lasco Distributors closing with 43,000 shares to end with an increase of 1 cents to $1.46.

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

Moderate JSE trading – Friday

February 27, 2015 by

Friday’s activity on the Jamaica Stock Exchange saw moderate trading taking place, resulting in the prices of 8 stocks rising, 8 declining as 25 securities changed hands, ending in only 751,397 units trading, valued at $3,640,271, in all market segments.
JSE sum 27-2-15 Main Market| The JSE Market Index lost 33.26 points to close at 81,107.95, the JSE All Jamaican Composite index fell 37.18 points to 89,400.76 and the JSE combined index declined by 137.46 points to 82,801.92.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator is showing a fluidity in price movements with 7 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Carreras closing with an increase of 45 cents to $44.50 as only 210 units traded. Gleaner finished with a mere 1,000 shares changing hands, the price jumped at 10 cents to 95 cents, Mayberry Investments finished trading with 35,551 units to end with an increase of 5 cents to $2 and Scotia Group saw trading in 2,897 shares as the price jumped at $1 to $22.
Firm| The stocks in the main market to close without a change in the last traded prices are, Caribbean Cement closing with 1,050 shares changing hands at $2.60, Desnoes & Geddes ending with 3,000 units traded at $5.50, Grace Kennedy finishing with 5,000 shares at $60.51. Jamaica Broilers ending with 19,937 shares changing hands to close $4.05, Jamaica Producers finished with 1,000 units trading at $17, Radio Jamaica ended trading with 816 units to close at $1.35 and Sagicor Group closed with 199,800 shares at $10.50.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless closed with 29,952 units trading as the price slipped 2 cents to 48 cents, Jamaica Money Market Brokers in trading 7,936 ordinary shares ended 19 cents lower at $6.91, Jamaica Stock Exchange closing with 3,000 units trading slipped 15 cents to $2, Kingston Wharves closed with 3,750 shares changing hands to close lower by 10 cents to $6.40 and Pan Jamaican Investment had only 128 units trading to end down 73 cents to $52.78.
Preference| Jamaica Money Market Brokers 7.50% preference share traded 118,650 units at $2.

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

Carib Producers’ results hit stock

February 12, 2015 by

CaribbeanProducers(CPJ)280X150 Activity on the Junior Market ended with Caribbean Producers pulling back today, after gaining on Wednesday, on robust volume of 4,393,426 shares. The company reported much improved results over the poor first quarter numbers, with the latest figures showing slightly lower profit for the December quarter of US$1.03 million versus US$1.18 million, for the similar period in 2013. For the year to December, profit is in at US$1.012 million versus US$1.62 million.
JM 12-2-15Trading closed with 6 securities being active, ending with 552,558 units changing hands valued at $1,033,150. The JSE Junior Market Index declined 4.90 points to close at 701.53, with the prices of 2 stocks advancing and 3 declining.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 1 with the offer that was lower. The junior market ended with 5 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Lasco Distributors ending trading with 11,540 shares changing hands, 1 cent higher at $1.46, Lasco Manufacturing closing with just 4,000 shares trading as the price gained 1 cent to end at $1.16, General Accident ending with 236,240 shares trading at $1.65. AMG Packaging lost 27 cents with 7,500 units trading as the price closed at $2.22, Caribbean Producers trading 276,000 shares and closed lower by 20 cents to $2.10 and Lasco Financial closed with 17,278 shares changing hands 4 cents lower at $1.06.

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

Caribbean Producers tops juniors

February 11, 2015 by

Caribbean Producers traded nearly 4.4 million shares and rose in trading on Wednesday. Mayberry Investment was the broker that did all the buying while Stocks & Securities did the bulk of the selling, except for two smaller trades, amounting to 143,000 units.
Jm 11-2-15Activity on the Junior Market closed with 6 securities traded ending with 5,082,755 units changing hands valued at $11,034,581. The JSE Junior Market Index declined 3.54 points to close at 706.43, with the prices of 3 stock advancing and 2 declining. At the close of the market, there were 4 stocks with bids higher than their last selling prices and only 1 stock with an offer that was lower. The junior market ended with 5 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Caribbean Cream in trading 200 shares closed with a gain of 1 cent to 76 cents, Caribbean Producers finished with 4,393,426 units trading 10 cents higher to $2.30, Lasco Financial closed with 6,472 units and put on 5 cents to $1.10, Lasco Distributors closing with 5,310 shares trading at unchanged at $1.45, General Accident ended trading with 281,669 shares changing hands to close lower by 10 cents to $1.65 and Lasco Manufacturing closing with 395,678 units trading lower by 5 cents to $1.15.

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