In Thursday’s trading on the Jamaica Stock Exchange the prices of 7 stocks rose and 9 declined as 28 securities changed hands, resulting in 2,930,479 shares trading valued at $16,326,411, ahead of the emancipation holiday on Friday.
Main Market| The JSE Market Index declined by 321.93 points to 71,308.03 and the JSE All Jamaican Composite index fell 359.97 points to close at 78,443.53.
Gains| Stocks with gains, volume and last traded prices, at the end of trading in the main market, are
Berger Paints with 7,338 shares to close with a gain of 4 cents at $1.66, Caribbean Cement with 2,500 units changing hands with a gain of 20 cents to end at $2.60, Carreras 14,184 shares with a gain of 49 cents to $34.20, Proven Investments 350 US dollar ordinary shares, gained 2 US cents to 18 US cents, Sagicor Group with 14,500 units, to close with a gain of 5 cents, at $9.20 and Sagicor Real Estate Fund with only 100 units, the price moved up 5 cents to $6.65.
Firm| The stocks with volume and last traded prices in the main market to close without a change in price, are Cable & Wireless with 1,927 shares at 30 cents, Grace Kennedy 1,745 shares at $56.50, Hardware & Lumber 4,550 shares at $9, Mayberry Investments 1,020 units at $1.55, Scotia Investments 7,000 units at $21 and Seprod 10,048 shares at $10.50.
Declines| The stocks with losses, volume and last traded prices, at the end of trading in the main market, are Ciboney with 40,000 shares, declining by 1 cent to 8 cents, Desnoes & Geddes 2,165 shares, down 53 cents to $4.02, Jamaica Broilers 38,680 units to close 6 cents lower at $4.57, Jamaica Money Market Brokers with 46,233 ordinary shares, declined by 9 cents to $6.96, Kingston Wharves 91,000 shares, the price declined by 25 cents to $5, National Commercial Bank with 503,434 shares, declined by 3 cents to $18.90, Pan Jamaican Investment 280 shares, with the price slipping a cent to $48.02 and Scotia Group with 8,906 shares, eased down by a cents to $19.
Preference| Jamaica Money Market Brokers 8.75% preference share, traded 251,125 units at $3, Jamaica Money Market Brokers 7.50% preference share with 1,109,863 units at $2 and Proven Investments 8% preference share with 9,700 units at $5.05.
Junior Market| The JSE Junior Market Index rose by 0.16 points to close at 610.04 as 5 stocks traded with one advancing and one declining.
Gains| Lasco Distributors is the only junior market stock gaining at the end of trading, as 500 shares traded to close 1 cents higher at $1.01
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are, Caribbean Producers 458,858 shares at $2.45, Honey Bun with 13,942 shares at $2.30 and Lasco Financial 3,340 units, to close at 90 cents.
Declines| General Accident with 287,191 shares, was the only stock declining in the junior market at the end of trading, as the price slipped by a cent to $1.36
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 13 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
Main market slips to close week
JSE Market stronger than fall in indices suggest
In Wednesday’s trading on the Jamaica Stock Exchange, the prices of 8 stocks rose and 5 declined as 24 securities changed hands, resulting in 4,501,713 shares trading, valued at $25,395,300.
Main Market| The JSE Market Index fell by 318.39 points to 71,629.96 and the JSE All Jamaican Composite index lost 356.02 points to close at 78,803.50.
Gains| Stocks with gains, volume and last traded prices at the end of trading in the main market, are Desnoes & Geddes trading of 1,000 shares to gain 55 cents to $4.55, Jamaica Broilers with 623,700 units changing hands to close with a 2 cents gain at $4.63, Jamaica Money Market Brokers with 33,753 shares gained 10 cents to $7.05, Pan Jamaican Investment gained 2 cents, to close with 68,600 shares at $48.03, Sagicor Group with 4,800 shares ended with an increase of 4 cents at $9.15 and Scotia Group 70,458 units enjoyed a 1 cent gain to $19.01.
Firm| The stocks with volume and last traded prices in the main market to close without a change in price, are Gleaner with 2,020 shares at $1.12, Grace Kennedy 9,624 units at $56.50, Hardware & Lumber 10,000 shares a $9, Jamaica Producers 30,714 shares at $17.50, Radio Jamaica with 5,592 units at $1.22, Scotia Investments 12,600 shares to close at $21, Seprod with 2,215 shares, ended at $10.50 and Supreme Ventures with 25,602units closed at $1.95.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 2,035,823 units at $3.
Declines| The stocks with losses, volume and last traded prices at the end of trading in the main market, are Carreras with 143,726 shares to close with a decline of 29 cents at $33.71, National Commercial Bank with 183,680 shares and closed with a decline 7 cents to $18.93 and Proven Investments ordinary share traded 15,609 units with the price dropping by 2 US cent 16 US cents.
Junior Market| The JSE Junior Market Index declined by 1.00 point to close at 609.88 as 6 stocks traded, with 2 advancing and 2 declining.
Gains| Stocks recording gains at the end of trading in the junior market, are KLE Group 14,460 shares to gain 5 cents at $1 and Lasco Distributors exchanging 815,867 shares as the price recovered 4 cents from the decline on Tuesday, to end at $1.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are General Accident with 64,246 units and closed at $1.37 and Jamaican Teas with 39,636 shares closed at $3.25.
Declines| Stocks declining in the junior market at the end of trading, are Lasco Financial with 9,400 shares and declined 10 cents to 90 cents and Lasco Manufacturing with 278,588 shares, closed with a decline of 5 cents to reach a new 52 weeks low of 80 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 12 stocks with bids higher than their last selling prices and 7 stocks with offers that were lower.
Junior Market stocks hit pretty hard
Junior Market stocks hit pretty hard with the Lasco companies being some of the main stocks to fall. The junior market index in closing with a fall at the end of trading today was back to last year April 17 level. On July 6 last year, the index peaked at 840.18 for 27 percent decline.
In Tuesday’s trading the prices of 6 stocks rose and 10 declined as 25 securities changed hands, resulting in 13,677,017 shares trading, valued at $33,776,828.
Main Market| The JSE Market Index inched up by 38.79 points to 71,948.35 and the JSE All Jamaican Composite index gained 43.37 points to close at 79,159.52.
Gains| Stocks trading with gains, the volume and last traded prices in the main market, are Grace Kennedy 7,300 shares and gained $1.50 to close at $56.50, Kingston Wharves with 5,525 units, gained 25 cents to $5.25, Sagicor Group 520,305 units changing hands, gained 15 cents to $9.11 and Sagicor Real Estate Fund traded 44,000 units to gain 24 cents to $6.60.
Firm| The stocks with volume and last traded prices in the main market to close without a change in price, are Cable & Wireless with 1,288,478 shares in closing at 30 cents, Desnoes & Geddes with 42,180 units closed at $4, Margaritaville traded 1,700 shares at 11 US cents, Mayberry Investments 24,716 units at $1.55, National Commercial Bank with 69,861 shares closed at $19, Proven Investments 1,560 ordinary shares at 18 US cents, Radio Jamaica 1,400 shares closed at $1.22 and Seprod 4,000 shares at $10.50.
Preference| There was no trading in the preference section.
Declines| The stocks with losses, volume and last traded prices at the end of trading in the main market, are Caribbean Cement with 5,000 shares while losing 10 cents to end at $2.40, Carreras 12,000 shares down 90 cents, to end at $34, Jamaica Money Market Brokers 14,388 ordinary share with a 5 cents fall to $6.95, Jamaica Producers 8,575 shares shed a cent at $17.50, Pan Jamaican Investment with 89,299 shares, lost 9 cents at $48.01 and Scotia Group 560,000 units closed at $19, with a fall of $1.01.
Junior Market| The JSE Junior Market Index declined by 21.13 points to close at 610.88 as 7 stocks traded with 3 advancing and 4 declining.
Gains| Stocks recording gains at the end of trading in the junior market, are Lasco Financial with 758,010 units with an 8 cents rise to $1 and Paramount Trading 8,939 units at $2.70, after rising by 2 cents.
Firm Trades| Jamaican Teas with 27,800 shares closed at $3.25 and was the only stock in the junior market that traded at the same price as the day before.
Declines| Stocks declining in the junior market at the end of trading, are Caribbean Cream 551,940 units at 61 cents down 9 cents to a new 52 weeks and all-time low, followed by General Accident with 219,176 units as the price slipped 9 cents to $1.37, Lasco Distributors had a large volume of 6,933,333 shares and lost 14 cents to 96 cents a new 52 weeks low and Lasco Manufacturing with 2,477,532 shares also closed at a new 52 weeks low of 85 cents as the stock closed with a 5 cents loss.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 10 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
$100m of Scotia Group trade cancelled
In Mondays trading on the Jamaica Stock Exchange, MVL Stockbrokers purchased 5 million Scotia Group shares at $20 each, amounting to $100 million. Towards the end of the close in the market, the trades were no longer posted.
A check with the manager of the stock exchange Marlene Street Forrest, stated that “the matter of the trade was brought to my attention and on checking it was discovered that the broker incorrectly entered the order as 5 million units when it should have been 500,000 units. Based on the investigation done and the information gathered, all the selling brokers were contacted to get there approval about the cancellation. This is the norm is such cases, where cancellation is contemplated as such the trades were reversed”. Instructions were given to place orders for $5 million each of Carreras, National Commercial Bank and Scotia shares, Ed Mckie of head of MVL Stockbrokers informed IC Insider. The orders were on behalf of an institution not a pension fund, IC Insider was advised.
In early trading in the market today, there were three significant bids to buy 5 million units of each Carreras at $34, National Commercial Bank at $18 and Scotia at $20. Scotia trades were the only one executed, the other bids were withdrawn before any trade took place. At the end of trading none of the Scotia Shares were traded and the bid was removed. In all likelihood the bids for the smaller quantities will resurface shortly.
Lasco companies dominant in JSE trades
In Thursday’s trading on the Jamaica Stock Exchange the three Lasco companies dominated trading accounting 9,346,942 or 86 percent of the volume traded and nearly 37 percent of the value.
Elsewhere the prices of 6 stocks rose and 11 declined as 27 securities changed hands, resulting in 10,814,964 shares trading, valued at $25,066,008. Three stocks closed at new 52 weeks low, at the end of trading.
Main Market| The JSE Market Index rose by 165.72 points to 70,113.79 and the JSE All Jamaican Composite index moved up 185.31 points to close at 77,108.16.
Gains| Stocks recording gains at the end of trading in the main market, are Caribbean Cement with 10,000 shares, to close with a gain of 10 cents at $2.50, Gleaner with 3,000 units changing hands, gained 2 cents to close $1.12, Grace Kennedy with 4,575 shares, gained 5 cents to close at $56.05, Sagicor Real Estate Fund traded 7,800 units, to close 30 cents up at $6.35 and Scotia Group exchanged 99,000 shares, to close up 20 cents at $18.70.
Firm| The stocks in the main market to close without a price change, are Berger Paints 3,799 shares to close at $1.62, Jamaica Broilers 2,200 units traded, to close at $4.57, Jamaica Money Market Brokers with 112,700 shares closed at $6.95, Jamaica Producers, with 309 shares closed at $17.51 and Sagicor Group 67,700 units closed at $9.
Declines| The number of stocks that declined in the main market, are Cable & Wireless with only 6,494 units, closed at 26 cents with a 3 cents decline, Carreras lost 5 cents in trading 188,550 shares to close at $33.85, Desnoes & Geddes with 250,000 units closed with a decline of 25 cents, to end at $4, a new 52 weeks low, National Commercial Bank exchanged 45,564 shares and closed with a one cent loss at $18, Radio Jamaica traded 2,550 units in losing 6 cents, to end at $1.22, Scotia Investments traded at a new 52 weeks low of $21 as 9,310 shares were exchanged, with a 10 cents decline and Supreme Ventures traded only 680 shares in losing 2 cents off the price, to close at $1.95.
Preference| Jamaica Money Market Brokers (JMMB) 8.50% preference share traded 57,000 units and closed at $3.50 and the JMMB 8.75% preference share traded 16,695 units, to lose 2 cents and closed at $2.99.
Junior Market| The JSE Junior Market Index declined by 14.07 points to close at 649.27 as 7 stocks traded with one advancing and 4 declining.
Gains| Dolphin Cove was the sole stock, recording a gain at the end of trading in the junior market, it traded 304,625 shares and climbed 10 cents to $8.40.
Firm Trades| The actives stocks in the junior market that closed at the same price as the day before are, Caribbean Producers with 75,000 units to close at $2.50 and Lasco Financial 1,446,904 units to close at $1.
Declines| Stocks declining in the junior market at the end of trading, are Access Financial with 34,680 shares at $8.97, down a cent $1.03, General Accident 3,000 units traded with decline of 4 cents to close $1.46, Lasco Distributors had 762,355 shares changing hands and declined by a cent to $1.19 and its sister company, Lasco Manufacturing with a large volume of 7,137,683 shares, closed at a new 52 weeks low of 90 cents, after falling 10 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 9 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
JSE slips slightly on Wednesday
In Wednesday’s trading on the Jamaica Stock Exchange, the prices of 3 stocks rose, 4 declined as 18 securities changed hands, resulting in 4,500,373 shares trading, valued at $18,301,213.
Main Market| The JSE Market Index fell by 32.60 points to 69,948.07 and the JSE All Jamaican Composite index lost 36.46 points to close at 76,922.85.
Gains| Stocks recording gains at the end of trading in the main market, are Carreras with 1,348 shares and gained 30 cents to close at $33.90 followed by Ciboney with 510,000 shares to close one cent higher at 9 cents and National Commercial Bank 138,815 units gained 1 cent and closed at $18.01.
Firm| The stocks in the main market to close without a change in price, are Gleaner with 3,102 units and closed at $1.10, Grace Kennedy traded 2,500 units to close at $56, Jamaica Money Market Brokers with 6,100 ordinary shares closed at $6.95, Pan Jamaican Investment had 6,030 units trading, to close at $48.02, Sagicor Group 87,408 shares closed with the price at $9 and Scotia Investments traded only 2,625 units to close at $21.10.
Preference| Jamaica Money Market Brokers 7.50% preference share traded 30,000 units to close unchanged at $2.
Declines| The number of stocks that declined in the main market, are Jamaica Broilers with only 3,101 shares and closed with a decline of 4 cents at $4.57, Proven Investments with 4,000 ordinary shares, closed with a decline of 0.0095 cent to end at 17 US cents, Sagicor Real Estate Fund closed with a decline of 25 cents, to end at $6.05 with 211,930 units changing hands and Scotia Group with 97,601 shares closed with a decline of 11 cents at $18.50.
Junior Market| The JSE Junior Market Index declined by 6.52 points to close at 663.34 as 4 stocks traded with none advancing nor declining.
Gains| No stocks gained in the junior market at the end of trading.
Firm Trades| The stocks in the junior market that traded to close at the same price as the day before, are KLE Group with 9,424 shares to close at 95 cents, Buy Rated Knutsford Express had 1,812,228 units changing hands to close at $5.17, Lasco Distributors with 1,148,711 units, closed at $1.20 and Lasco Manufacturing with 425,450 shares closed at $1.
Declines| No stocks declined in the junior market at the end of trading.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
Gains more than losses but indices fall on JSE
In Tuesday’s trading on the Jamaica Stock Exchange, the prices of 8 stocks rose, 5 declined as 23 securities changed hands, culminating in 3,304,455 shares trading, valued at $12,238,376.
Main Market| The JSE Market Index dropped by 278.54 points to 69,980.67 and the JSE All Jamaican Composite index fell 311.45points to close at 76,959.31.
Gains| Stocks recording gains at the end of trading in the main market, are Cable & Wireless with 331,127 units as the price closed 4 cents higher at 29 cents, Caribbean Cement with 15,180 shares, closed with a 15 cents gain at $2.40, Grace Kennedy traded just 1,140 units and gained $1 to end at $56, Jamaica Broilers had 107,554 shares changing hands with a 4 cents gain, to end at $4.61, Mayberry Investments had 9,000 units trading, with a 2 cents gain to close at $1.57, Scotia Group traded only 12,450 shares with a gain of 10 cents as the price closed at $18.61 and Supreme Ventures 8,000 units, resulted in a 2 cents rise to $1.97.
Firm| The stocks in the main market to close without a change in price, are Berger Paints with 14,787 to close at $1.62, Ciboney 6,000 shares to close at 8 cents, Desnoes & Geddes 1,959,606 shares to close at $4.25, Jamaica Money Market Brokers with 2,235 ordinary shares to close at $6.95, Kingston Wharves traded 68,182 shares to close at $5, National Commercial Bank traded 15,557 shares to close at $18, Radio Jamaica with 135,998 shares closed at $1.28 and Salada Foods 30,000 shares changed hands, to close at $7.90.
Declines| The number of stocks that declined in the main market, are Gleaner with 3,696 units to close at $1.10, after shedding a cent, Pan Jamaican Investment with 18,740 shares as the price slipped 24 cents to $48.02, Sagicor Group 15,168 shares traded with a loss of 5 cents to end at $9 and Scotia Investments closed at $21.10 with a loss of 20 cents, as 3,000 shares were traded.
Preference| Proven Investments 8% preference share traded 5,000 units to close unchanged at $5.04.
Junior Market| The JSE Junior Market Index declined by 9.54 points to close at 669.86 as only 3 securities traded, with one advancing and one declining.
Gains| The only stock to gain at the end of trading in the junior market is General Accident with 440,040 units as the price closed up 5 cents to $1.50.
Firm Trades| The active stock in the junior market to close at the same price as the day before, is Dolphin Cove with 1,000 shares at $8.30.
Declines| Lasco Manufacturing was the sole stock declining in the junior market at the end of trading, as 100,995 shares changed hands at $1 for a 4 cents fall.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
Moderate price changes on JSE Friday
In Friday’s trading on the Jamaica Stock Exchange the prices of 5 stocks rose, 7 declined as 20 securities changed hands, resulting in 2,619,479 shares trading, valued at $11,003,465.
Main Market| The JSE Market Index declined by 346.05 points to 70,187.51 and the JSE All Jamaican Composite index fell 386.94 points, to close at 77,190.59.
Gains| Stocks recording gains at the end of trading in the main market, are Grace Kennedy with 21,000 shares as the price improved by a cent to close at $54.01, Jamaica Producers traded 233 shares to close with a cent gain, at $17.51 and Sagicor Group traded 73,000 shares in closing at $9.10, for a 3 cents gain.
Declines| The stocks that declined in the main market, are Cable & Wireless with 2 cents loss while trading 697,629 units, to close at 27 cents, Carreras with 7,535 shares closed 30 cents lower at $33.60, Hardware & Lumber traded 600 shares to close with a 35 cents loss at $9.15, Kingston Wharves with 100,000 units closed with a 25
Very slow trading on JSE
Trading activity on the Jamaica Stock Exchange was very light on Wednesday, with only 1,218,280 shares trading, valued at $6,917,508. The prices of 5 stocks rose and 11 declined as 19 securities changed hands. Main Market| The JSE Market Index declined by 421.31 points to 70,364.82 and the JSE All Jamaican Composite index fell 471.09 points, to close at 77,388.85.
Gains| Stocks recording gains at the end of trading in the main market, are Jamaica Broilers with 14,228 units to close with a 3 cents gain at $4.60, Mayberry Investments, with a gain of 5 cents while trading 6,000 shares, to close at $1.55, Sagicor Group with 333,000 shares, closed with a gain of 2 cents at $9.05 and Scotia Group traded 10,000 shares and close with 1 cent gain, at $18.51.
Firm| The stocks in the main market to close without a change in price, are Caribbean Cement with 10,619 shares, closing at $2.25 and Seprod with 10,000 units traded, to closed at $10.50.
Preference| Jamaica Money Market Brokers 8.50% preference share traded 28,000 units, to close at a cent lower at $3.50 and Jamaica Money Market Brokers 8.75% preference share, with 313,150 units changing hands, closed 2 cents down at $3.01.
Declines| The stocks that declined in the main market, are Carreras with 2,032 shares and the price fell $1.10 to close at $34, Desnoes & Geddes with 21,750 shares, declined by 25 cents to close at $4.30, Grace Kennedy traded 6,048 units and declined by $1 to close at $55, Jamaica Money Market Brokers with 2,040 ordinary shares, declining by 5 cents to close at $6.95 and National Commercial Bank with 87,114 units, declined by 35 cents to close at $18.15.
Junior Market| The JSE Junior Market Index declined by 6.59 points, to close at 686.07 as 6 stocks traded with 1 advancing and 3 declining.
Gains| only one stock gained at the end of trading in the junior market with KLE Group trading 2,112 shares to close 5 cents higher at 95 cents.
Firm Trades| The stocks in the junior market that traded and closed at the same price as the day before are Caribbean Cream with 113,700 units trading at 70 cents and Consolidated Bakeries with 11,861 shares, to close at 80 cents.
Declines| Junior market stocks declining at the end of trading are Caribbean Producers with 5,000 units changing hands and declined by 5 cents to close at $2.55, followed by Lasco Distributors with 156,500 shares as the price declined by 5 cents to close at $1.25 and Lasco Manufacturing with 85,126 shares the price fell 2 cents to close at $1.08.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bids higher than their last selling prices and 4 stocks with offers that were lower.

