This market is going much higher

December 5, 2014 by

Graph showing market breaking resistance at 82,000, yellow line on the way to 91,000 points brown line.

The main market had 11 stocks gaining at the last traded prices and only 1 declining, at the end of trading, pushing the market indices to their highest point since early May this year.
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.

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13 stocks gained Friday on JSE

December 5, 2014 by

Gleaner's stock is poised to drop with the offer priced below the last selling price.

Gleaner’s stock is poised to drop with the offer priced below the last selling price.

The first week of December ended on a positive note on the Jamaica Stock Exchange, resulted in the prices of 13 stocks rising and only 4 declining as 23 securities changed hands, ending in 4,223,152 units trading, valued at $133,823,856, 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 4 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower. Included in the list of stocks closing with lower bids than the last selling price is the Gleaner Company with an offer to sell 47,850 shares at 95 cents, compared with the last traded price of 99 cents.JSE sum 5-12-14 There were no bids to buy at the end of trading as the stock seems set to trade at a new 52 weeks’ low when it next trades.
Main Market| The JSE Market Index gained 597.83 points to 75,366.92, the JSE All Jamaican Composite index rose 668.46 points to close at 82,982.00 and the JSE combined index gained 576.45 points to close at 77,152.08.

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

JSE main market marching slowly up

December 4, 2014 by

Grace stock gained $1 to end at $62.

Grace stock gained $1 to end at $62.

Activity on the Jamaica Stock Exchange, was moderate on Thursday and resulted in the prices of 5 stocks rising and 4 declining as 18 securities changed hands, ending in 585,056 units trading, valued at $6,337,184, in all market segments. The main market seems poised to record gains in the coming period as increased demand has come in for some of the main market stocks.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 9 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower as demand increases to buy stocks ahead of the year end close.
Main Market| The JSE Market Index gained 419.22 points to 74,769.09, the JSE All Jamaican Composite index rose 468.75 points to close at 82,313.54 and the JSE combined index gained 394.17 points to close at 76,575.63.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Grace Kennedy completed trading with 10,952 shares changing hands, with a gain of $1 to $62, National Commercial Bank saw trading in 17,306 units with a gain of 16 cents to $18.16. Sagicor Group finished trading with 337,678 shares with the price rising 2 cents to $9.90, Scotia Group ended trading with 24,212 units, the price put on 46 cents to $20.01 and Scotia Investments concluded trading with 25,000 shares changing hands with a gain of 5 cents to $22.55.
JSE sum 4-12-14 Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless ended with 34,400 units and closed at 45 cents, Jamaica Broilers exchanged 41,577 shares at $4 each, Kingston Wharves concluded trading with 9,700 shares changing hands to close at $6. Proven Investments had 525 shares changing hands to close at 18.5 US cents, Radio Jamaica contributed 4,758 shares to close at $1.18 and Supreme Ventures ended trading with 8,300 shares at $1.90.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras ending with 11,848 units, as the price slipped 1 cent to $36.99, Gleaner closing at a new 52 weeks’ low while trading 20,000 shares at 99 cents, by slipping by 1 cent and Jamaica Money Market Brokers finished with 14,600 shares with a loss of 4 cents to $7.06.
Preference| Proven Investments 8% preference share traded 150 units at $5.50.

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

Market slips but 5 stocks rose 4 fell

December 3, 2014 by

Supreme Ventures stock rose nearly 6% to $1.90 on Wednesday

Supreme Ventures stock rose nearly 6% to $1.90 on Wednesday

Wednesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 5 stocks rising and 4 declining as 21 securities changed hands, ending in 3,129,094 units trading, valued at $14,571,498, 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 6 stocks with offers that were lower.
Main Market| The JSE Market Index lost 108.71 points to 74,349.87, the JSE All Jamaican Composite index fell 121.55 points to close at 81,844.79 and the JSE combined index gained declined by 180.61 points to close at 76,181.46
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless that saw only 112,228 shares changing hands with a gain of 2 cents to 45 cents, Carreras in trading with 3,855 units with a gain of 11 cents to $37. Jamaica Producers concluded trading with 2,000 shares, the price rose 1 cent to $15.96, Scotia Group ended trading with 66,782 units and put on 5 cents to $19.55 and Supreme Ventures had 8,100 shares trading to end with an increase of 10 cents to $1.90.
JSE sum 3-11-14 Firm| The stocks in the main market to close without a change in the last traded prices are, Caribbean Cement with 4,592 shares for $2.40, Grace Kennedy concluded trading with 5,098 shares, changing hands to close at $61. Jamaica Broilers exchanged 10,970 shares at $4 each, Jamaica Money Market Brokers ended trading with 200 ordinary shares changing hands to close at $7.10. Jamaica Stock Exchange completed trading with 30,000 shares at $1.50, Kingston Wharves saw trading in 15,700 shares at $6, National Commercial Bank finished trading with 222,853 shares changing hands at $18 and Seprod concluded trading with 2,000 shares at $12.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Sagicor Group finished with 114,849 shares with a loss of 2 cents to $9.88 and Sagicor Real Estate Fund finished trading with 4,270 units and fell 4 cents to $6.81.
Preference| Jamaica Money Market Brokers 8.50% preference share contributed 3,000 units at $3.50 and the Jamaica Money Market Brokers 8.75% preference share ended trading with 2,357,859 shares changing hands at $3.

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

Only 2 stocks trade on junior market

December 2, 2014 by

Trading in the Junior Market closed with very little activity on the second trading day of December. Trading ended with only 22,000 units valued at $27,980. The JSE Junior Market Index fell 5.44 points to close at 679.42, only 2 securities traded, with the price of 2 declining.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower. The junior market weakness continues with 8 securities closing with no bids to buy. There were 4 securities that had no stocks being offered for sale.
The two stock to trade are, Caribbean Cream closed with 5,000 shares trading lower by 1 cent at 70 cents and Lasco Distributors finished trading with 17,000 units and fell 6 cents to $1.44.

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

Pan Jam jumps $3.30 to year’s high on JSE

December 2, 2014 by

pan_jamaican_logo280x150 Pan Jamaican Investments Trust jumped $3.30 to a new 52 weeks’ high, on Tuesday, trading in the stock accounted for $34.2 million of the day’s activity. Activity on the Jamaica Stock Exchange, resulted in the prices of 4 stocks rising and 7 declining as 18 securities changed hands, ending in 2,127,873 units trading, valued at $41,812,058, 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 7 stocks with bids higher than their last selling prices and 7 stocks with offers that were lower.
Main Market| The JSE Market Index lost 93.54 points to 74,458.58, the JSE All Jamaican Composite index fell 104.59 points to close at 81,966.34 and the JSE combined index declined by 138.77 points to close at 76,362.07.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Desnoes & Geddes completed trading with 1,000,000 shares changing hands, with a gain of 3 cents to $4.60. Jamaica Money Market Brokers saw trading in 2,300 ordinary shares and gained 5 cents to $7.10, Pan Jamaican Investment finished trading with 618,400 shares, the price rose $3.30 cent to $55 and Proven Investments concluded trading with 7,308 units and put on 1.20 cents to 18.5 US cents.
Firm| The stocks in the main market to close without a change in the last traded prices are, Carreras ending trading with 920 shares changing hands to close at $36.89, Jamaica Broilers exchanged 4,660 shares trading at $4. Jamaica Stock Exchange ended trading with 6,942 shares changing hands, at $1.50, Mayberry Investments contributed 8,159 shares at $1.50 and Radio Jamaica traded 8,882 shares at $1.18.
JSE 2-12-14 Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless ended with 48,985 units as the price slipped 2 cents to 43 cents, Jamaica Producers finished with 5,000 shares with a loss of 5 cents to $15.95, National Commercial Bank ended with 19,418 shares changing hands to close 11 cents down to $18, Sagicor Group ended trading with 36,298 shares for 10 cents less at $9.90 and Scotia Group ended with 53,411 shares changing hands to close lower by 50 cents at $19.50.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 282,190 shares changing hands to close at $3 Jamaica Money Market Brokers 7.50% preference share exchanged 3,000 units at $2.

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

JSE Market starts December up

December 1, 2014 by

Monday’s activity on the Jamaica Stock Exchange, resulted in the prices of 7 stocks rising and 6 declining as 22 securities changed hands, ending in 1,979,654 units trading, valued at $9,662,737, in all market segments.
JSE sum 1-12-14 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 7 stocks with offers that were lower.
Main Market| The JSE Market Index gained 213.63 points to 74,552.12, the JSE All Jamaican Composite index rose 238.86 points to close at 82,070.93 and the JSE combined index gained 180.89 points to close at 76,500.84.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless completing trading with 229,162 shares while gaining 1 cent to 45 cents, Mayberry Investments concluded trading with 100,000 units and put on 2 cents to $1.50, National Commercial Bank closed with 6,500 shares as the price climbed 11 cents to $18.11 and Sagicor Group finished trading with 157,895 shares changing hands to close 1 cent higher at $10.
Firm| The stocks in the main market to close without a change in the last traded prices are, Grace Kennedy having 2,768 shares trading at $61, Pan Jamaican Investment ended trading with 4,386 shares changing hands, at $51.70. Radio Jamaica contributed 17,354 shares in trading to end at $1.18, Scotia Group ended with 106,500 shares at $20, Scotia Investments finished trading with 7,756 shares changing hands at $22.50 and Seprod had 12,185 shares changing hands to close at $12.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras ending with 650 units as the price slipped 11 cents to $36.89, Jamaica Broilers finished with 84,583 shares with a loss of 5 cents to $4. Jamaica Stock Exchange finished with 35,000 units and fell 5 cents lower at a new 52 weeks’ low of $1.50 and Proven Investments ended trading with 165,136 shares for 0.69 cent less at 17 US cents.
Preference| Jamaica Money Market Brokers 8.75% preference share traded with 32,350 shares changing hands to close at $3.

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

Lasco Distributor up 30% in November

November 30, 2014 by

JSE jm 11-14 gnsJunior market stocks gained 5 percent overall, for November, with Lasco Distributor moving up 30 percent to close at $1.50 as institutional buying, helped to push the price as the company enters new contracts that expand the product lines to be distributed as well as increased products form its sister company, Lasco Manufacturing. The manufacturing company stock rose 15 percent in the month as the second highest gain in the junior market. Buy Rated Knutsford Express grew 6 percent to end at $5.85 and Dolphin Cove another Buy Rated stock moved up 5 percent to end at $8.50.
JSE JM loss 11-14Lasco Financial closed at 95 cent, for a 3 percent decline the same decline as General Accident in closing at $1.50. Jamaican Teas ended at $2.85, down 14 percent, the company reported lower profits for the fiscal year to September. Blue Power dropped to $6.05 or 22 percent but the bid climbed to $7 after the company reported profit that was just slightly lower than in the six months to October last year, by 7 percent, as it reported earnings of 91 cents per share, for the period.

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

JSE market indices up 4% in November

November 28, 2014 by

jse Dailytrading280x150Friday’s activity on the Jamaica Stock Exchange, resulted in the prices of 7 stocks rising and 6 declining as 24 securities changed hands, ending in 12,560,380 units trading, valued at $56,058,056, in all market segments, the market ended the months with gains in the major indices.
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 7 stocks with offers that were lower.
Main Market| The JSE Market Index climbed 313.18 points to 74,338.49, the JSE All Jamaican Composite index rose 350.19 points, to close at 81,832.07 and the JSE combined index gained 308.54 points, to 76,319.95. The three main market indices ended up well ahead of the October close, by more than 2,600 points each, gaining 4 percent in the process.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Grace Kennedy ending with 110,550 shares while gaining 60 cents to $61, followed by Jamaica Broilers that concluded trading with 10,950 units, to close with a gain of 5 cents at $4.05. Pan Jamaican Investment trading 1,200 shares, to end with an increase of $1.20 to $51.70, Sagicor Group ended trading with 710 shares, the price climbed 9 cents to $9.99 and Scotia Group closed with 3,385 shares changing hands to close at 50 cents to $20.
JSE 28-11-14
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless ending with 235,500 shares, changing hands, to close at 44 cents, Caribbean Cement ended with 67,932 shares trading at $2.40, Carreras had 6,880 shares changing hands to close at $37. Ciboney concluded trading with 10,000 shares trading at 7 cents. Jamaica Money Market Brokers with 31,680 ordinary shares changing hands, closed at $7.05, Kingston Wharves ended trading with 1,416 shares trading at $6, Proven Investments had 600 shares changing hands 17.99 US cents and Radio Jamaica ended with 50,000 units trading to close $1.18.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Desnoes & Geddes closed with 9,330,980 shares trading 19 cents to $4.57, National Commercial Bank finished trading with 8,165 units and fell 1 cent lower at $18 and Scotia Investments ended trading with 40,650 shares, 5 cents lower to $22.50.
Preference| Jamaica Money Market Brokers 8.75% preference share tradedended trading with 168,000 units at $3, Jamaica Money Market Brokers preference share traded 7.50% contributed 2,500 units at $2 and Proven Investments 8% preference share traded 67,300 units to close 20 cents down at $5.50.

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Profit jump 440% at Supreme Ventures

November 27, 2014 by

SupremeVenturesSVL_150x150Profit for the September quarter, at Supreme Ventures jumped 440 percent over the 2013 results, hitting $184 million in the process and a sharp climb from the $34 million realized in the 2013 period.
For the nine months ending September this year, profit after tax rose by a strong 41 percent, to $617 million, with earnings per share of 23 cents, putting the company on target to hit 30 cents per share for the full year to December. The gambling industry can have fettle results from time to time as has happened in the past at this company.
The strong improved profit results, flowed from a 16 percent sales rise in sales revenue in the quarter, to $9.9 billion and a stronger 22 percent for the nine months, to $30.1 billion. Gross profit grew at a slower pace of 7 percent for the three months and 11 percent for the nine months.
Segment results| Segment results show Supreme with challenges. While lottery earnings, climbed 35 percent for the year to date, to reach $1.22 billion and other areas grew from $102 million to $108 million, Sports betting losses are worsening even as revenues climbed from $177 million in 2013 to $418 million in 2014. The sharp growth in sports betting is attributable to betting on world cup football games. The segment lost $87 million in 2013 and $148 million in 2014 so far. Revenues fell for the Gaming and hospitality segment, from $394 million in 2013, to $314 million in 2014, but the losses were reduced from $440 million to $376 million. There are no noticeable improvements in the losses in the September quarter, for either loss making segments.
SVL chrt 9-14Administrative expenses dropped 18 percent, in the quarter due mainly to lower charges for professional fees, compared with the 2013, quarter and 4 percent for the nine months to September. While taxation increased, it was much slower than the growth in pretax profit. If the company could cut out the segment losses or sharply reduce them, earnings could jump as the losses amount to about 20 cents per share after tax.
The financials remain strong with equity of close to $3.9 billion and cash and investments of $1.9 billion against current liabilities of $1.6 billion.

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