strong>day’s activity on the Jamaica Stock Exchange, resulted in the prices of 8 stocks rising and 8 declining as 26 securities changed hands, ending in 1,862,567 units trading, valued at $8,769,262, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator showed 5 stocks with bids higher than their last selling prices and only 2 stocks with offers that were lower.
Main Market| The JSE Market Index lost 52.27 points to 75,755.59, the JSE All Jamaican Composite index fell 58.45 points to close at 83,416.57 and the JSE combined index declined by 17.19 points to close at 77,614.73.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Desnoes & Geddes ended trading 555,750 shares with a gain of 19 cents to $4.90, Jamaica Money Market Brokers saw trading in 88,443 shares with the price rising 5 cents at $6.55. Sagicor Group traded 97,914 shares with the price rising 3 cents $10 Sagicor Real Estate Fund closed with 2,400 shares changing hands to close 15 cents higher at $7.
Firm| The stocks in the main market to close without a change in the last traded prices are, Grace Kennedy finishing with 2,340 shares at $61. Kingston Wharves ended with 829 shares trading at $6, Mayberry Investments ended with 6,732 shares changing hands to close at $1.50, Proven Investments closed trading with 69,580 shares at 19 US cents and Supreme Ventures completed trading with 4,200 shares at $1.92.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless closing with 700,127 units trading as the price slipped 4 cents 46 cents. Caribbean Cement finished with 11,000 shares trading lower by 10 cents to $2.40, Carreras ended with 11,595 shares trading with a loss of 45 cents to $36.80, Jamaica Broilers ended trading with 5,114 shares changing hands to close 5 cents down at $4.05. National Commercial Bank closed trading with 48,986 units as the price slipped 24 cents to $18.01, Pan Jamaican Investment had 1,100 units trading with the price falling $3.50 to $56.50, Scotia Group traded 23,901 shares, the price closed 10 cents lower to $20 and Scotia Investments ended with 4,000 shares trading lower by 20 cents to $23.
Preference| Jamaica Money Market Brokers 7.50% preference share traded 900 shares at $2 and Proven Investments 8% preference share closed with 40,550 units at $5.10.
8 stocks up 8 down on JSE Monday
Low activity on junior market
The junior market has been slowly rebuilding since a 2014 low reached in June
Blue Power closed with 910 units with a 14 cents gain to $6.30, followed by Lasco Distributors finishing trading with just 1,600 units to close trading with an increase of 9 cents at $1.50. AMG Packaging closed trading with 51,578 shares changing hands at $2.15, General Accident had 220,595 shares trading at $1.75 followed by Honey Bun with a mere 300 shares at $2, Lasco Financial ended trading with 3,300 units at $1.05 and Lasco Manufacturing traded 105,000 shares and lost cents 2 to end at $1.10.
Demand up for Lasco Manufacturing
Lasco Manufacturing new bottling line at their new factory at White Marl, St Catherine
The junior market closed with only 5 securities traded and ended with 226,275 units valued at $273,781. The JSE Junior Market Index rose 12.09 points to close at 679.08, with the price 2 stocks advancing and 1 falling. The junior market sentiment is improving with 5 securities closing with no bids to buy compared to 11 a few weeks ago. There were 8 securities that had no stocks being offered for sale while at the close, there were 4 stocks with bids higher than their last selling prices and none with lower offers.
The stocks trading are, Lasco Distributors trading 51,000 shares with the price rising 1 cent to $1.41, Lasco Manufacturing concluded trading with 120,875 units and put on 12 cents to $1.12. Consolidated Bakeries ended with 10,000 shares at 82 cents, Lasco Financial ended with 24,400 shares at $1.05 and General Accident ended with 20,000 shares trading 5 cents lower to $1.75.
Jamaican Teas at new low
The Orchid property being developed that should add to Jamaican Teas’ profits in 2015 & 2016.
Trading in the Junior Market closed with 6 securities traded and ended with 122,569 units valued at $215,553 being active. The JSE Junior Market Index fell 3.08 points to close at 665.49, with the price of one advancing 3 declining. At the close of the market, there were 2 stocks with bids higher than their last selling prices and none with offers that were lower. The junior market remains on the weak side with 8 securities closing with no bids to buy. There were 6 securities that had no stocks being offered for sale.
General Accident closed with 92,805 units trading, the price slipped 10 cents to $1.65, Honey Bun completed trading with 10,018 shares changing hands to close 10 cents up to $2, Jamaican Teas finished with 5,000 shares trading lower by 34 cents $2.50, to a new an all-time low. Paramount Trading ended trading with 7,000 shares changing hands to close at 5 cents lower at $2.55, Caribbean Producers ended trading with 1,746 shares changing hands to close at $2.15 and Consolidated Bakeries closed with 6,000 shares at 82 cents.
Sharp swings in flat week on JSE
JSE main market moving away from resistance level.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower.
Main Market| The JSE Market Index gained 275.43 points to 75,312.14, the JSE All Jamaican Composite index rose 307.97 points to close at 82,920.75 and the JSE combined index gained 266.89 points to close at 77,063.23.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless saw trading in 100,000 units and put on 4 cents 50 cents, Desnoes & Geddes finished trading with 164,808 shares rising 5 cents to $4.70, Grace Kennedy closed with 188,553 shares as the price ended 49 cents higher at $61. Jamaica Producers finished trading with 328,071 shares as the price jumped 50 cents to $17.50. National Commercial Bank contributed 82,248 units and put on 10 cents to $18.50, Sagicor Group completed trading with 84,550 shares with the price rising 4 cents to $10, Scotia Group ended trading with 28,990 shares changing hands to close 1 cent at $20.01 and Seprod ended trading with 48,727 shares to end with an increase of 24 cents to $12.25.
Firm| The stock in the main market to close without a change in the last traded price is, Kingston Wharves which ended trading with 34,333 shares changing hands to close at $6.Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras closing with 213,281 units trading as the price slipped 5 cents to $36.15 and Mayberry Investments finished with 4,540 shares trading lower by 4 cents $1.45.
Preference| There was no activity in preference shares.
Only 4 junior stocks traded
Trading on the Junior Market, closed with very little activity on a day when trading ended with a mere 157,505 units, valued at $298,019. The JSE Junior Market Index rose 0.84 points to close at 668.57 as only 4 securities traded, with the price of 2 advancing and 2 unchanged. At the close, there were 3 stocks with bids higher than their last selling prices and none with lower offers. The junior market continues to see slight improvement in sentiment with 6 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale, the highest level since we have been tracking this measure.
At the close of the market, Lasco Financial finished with 11,678 shares changing hands to close 1 cent higher at 97 cents, Caribbean Cream ended with 14,000 shares, 2 cents higher at 70 cents, Honey Bun ended with 26,827 shares trading at $1.90 and Caribbean Producers closed with 105,000 shares at $2.15.
Bulls seen at JSE this morning
The Jamaica stock market is showing some bullish indications this morning, with the main indices all gaining over 1,100 points. The junior market index is also up from yesterday’s close. Main Market|
The JSE Market Index gained 1,179.75 points to 76,223.23, the JSE All Jamaican Composite index jumped 1,319.12 points to 83,939.47, the JSE combined index gained 1,208.88 points to close at 78,008.67 and the junior market index was at 678.07 up 10.65 points, at 11.05 o’clock this morning.
The main movers this morning so far are, Jamaica Producers up $1.04 to $17, National Commercial Bank up 30 cents at $18.50 and Scotia Group with a gain of 40 cents to $20.50 with 935,372 shares traded.General Accident Insurance gained 16 cents to $1.75 in the junior market.
6 junior stocks fell on JSE
Trading in the Junior Market on Tuesday was more active than for some time, with 9 securities traded. Trading ended with 1,680,305 units valued at $1,661,213 being active. The JSE Junior Market Index lost 2.67 points to close at 667.42, with the price 2 stocks advancing and 6 declining.
At the close of the market, there were 2 stocks with bids higher than their last selling prices and none with offers lower. The junior market continues to exhibit weakness with 7 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
in trading C2W Music ended with 72,000 shares at 38 cents and lost 2 cents, Caribbean Cream ended at 68 cents after losing 2 cents while 881,000 shares changed hands, followed by Caribbean Producers with 182,000 shares at $2.20, Consolidated Bakeries traded 4,000 units at 82 cents, General Accident lost 1 cent to $1.59 with 123,899 shares. Lasco Distributors closed a cent off, at $1.44 while 40,000 shares changed hands, but the price fell 5 cents. Lasco Financial had 150,806 units closing at 96 cents with a gain of 2 cents, Lasco Manufacturing lost 2 cents to 98 cents with only 197,600 being active and Medical Disposables fell 10 cents to a new all-time low of $1.70, with 10,000 units traded.
Main market closed higher on Monday
Monday’s activity on the Jamaica Stock Exchange, resulted in the prices of 6 stocks rising and 6 declining as 21 securities changed hands, ending in 1,220,997 units trading, valued at $7,880,967, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
Main Market| The JSE Market Index gained 157.42 points to 75,524.34, the JSE All Jamaican Composite index rose 176.02 points to close at 83,158.02 and the JSE combined index gained 124.88 points to close at 77,276.96.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless concluding trading with 469,204 shares, the price rose 1 cent to 45 cents. Desnoes & Geddes ended trading with 15,531 units and put on 1 cent to $4.70, Mayberry Investments finished with 7,140 shares while rising 2 cents to $1.52 and Sagicor Group ended with 1,494 units and put on 1 cent to $9.95.
Firm| The stocks in the main market to close without a change in the last traded prices are, Carreras with 18,918 shares changing hands to close at $37, Grace Kennedy finished with 25,000 shares trading at $62. Kingston Wharves ended trading with 3,000 shares at $6, National Commercial Bank saw trading in 190,112 shares at $18.20, Sagicor Real Estate Fund concluded trading with 49,750 shares changing hands to close at $7.25.
Declines| The last traded prices of stocks with losses, at the end of trading in the main market are, Jamaica Broilers closed with 140,520 shares trading lower by 5 cents, at $4, Jamaica Money Market Brokers finished with 7,528 shares, with a loss of 6 cents to close at $7. Scotia Group ended trading with 9,000 units as the price slipped 10 cents to $20.40 and Scotia Investments completed trading with 3,036 shares trading lower by 5 cents to $22.50.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 103,000 units to close at $3.
This market is going much higher
Graph showing market breaking resistance at 82,000, yellow line on the way to 91,000 points brown line.
Technically, the market has broken through resistance at 82,000 points on the all Jamaica Index on the November 19, retreated a bit but seems to be moving away from that point now. The next target is 91,000 points, the level reached in December 2012, which could well be reached by year end. The latest break of the 82,000 is the first of three attempts that the market has made to break through the descending trendline going back to late 2011 that has been successful. Supporting the move upwards, is the crossover of the short-term moving average line over the medium term moving average, the shortage of supply of most stocks and the lowering on Treasury bill rates, starting earlier this year and continuing up to the latest auction in November.
In trading on Friday, Grace Kennedy was the leading stock trading on Friday with 2 million units with a value of $120.7 million this was followed by Scotia Group with 258,000 shares valued at $5.2 million and Carreras with 123,000 units with a value of $4.5 million.
Grace off
Gains| The stocks ending with gains on Friday are, Caribbean Cement ending with 1,164 units trading with a gain of 4 cents at $2.44. Carreras completed trading with 123,082 shares, the price rose 1 cent to $37, Desnoes & Geddes saw trading in 29,970 units and put on 9 cents to $4.69, Jamaica Broilers concluded trading with 11,700 shares changing hands with a gain of 5 cents to $4.05. Jamaica Stock Exchange concluded trading with 7,000 units, to close with a gain of 7 cents to $1.57, National Commercial Bank closed with 13,210 units and put on 4 cents to $18.20, Sagicor Group finished with 67,188 shares to end with an increase of 3 cents at $9.93. Sagicor Real Estate Fund ended with 750 shares as the price gained 44 cents to $7.25, a new 52 weeks high, Scotia Group finished trading with 257,719 shares, the price jumped 49 cents to $20.50, Seprod contributed 819 shares as the price climbed 1 cent to $12.01 and Supreme Ventures ended trading with 40,000 shares traded with a gain of 5 cents to $1.95.
Firm| The stocks in the main market to close without a change in the last traded prices are, Grace Kennedy ended with 2,009,457 shares changing hands to close at $62 and Hardware & Lumber with only 500 shares trading, closed at $6.50.
Declines| Cable & Wireless was the only main market stock to fall with a 1 cents loss to 44 cents with1,363 units.
Preference| Jamaica Money Market Brokers 7.50% preference share traded 4,000 shares trading at $2.
