5% jump in 8 days for JSE

June 4, 2016 by

RJR traded at a new high on Friday.

RJR traded at a new high on Friday.

The Jamaica Stock Exchange gained over 5 percent at the end of trading on Friday for the combined market, since the close on May 24, with the main market rising by 5.7 percent as measured by the all Jamaican Composite Index. In between, the main market recorded gains on each trading day, except for a mild fall on the last day of May, with trading ending on Friday with another strong rise in the indices.
A total of 33 securities changed hands on Friday, accounting for 5,276,551 units valued at $50,291,976, in all market segments. The junior market accounted for 2,520,895 shares, valued at $12,191,278 of the overall trades.
The price of 16 stocks in the overall market rose, 5 declined, including 6 stocks rising and 4 declining, from the junior market as 4 stocks in all markets hit new highs, three of which ended at new 52 weeks’ high.
The JSE Market Index surged 1,069.13 points to end at 160,662.67. The all Jamaica Composite Index jumped 1,195.68 points to close at 178,511.33 and the JSE combined index climbed 1,153.53 points, to close at 171,248.13.
JSE sum 3-6-16 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 10 with lower offers.
At the end of market activities, Cable & Wireless gained 2 cents in closing at $1.47 after trading 450,430 units, Caribbean Cement rose $1.20 in trading 8,800 shares and closed at $24.50, Carreras had 43,851 units trading, to close with a gain of 19 cents at $66. The price of 1834 Investments rose 2 cents, to $1.17 with 103,300 shares changing hands, Grace Kennedy traded 4,215 units, to close at $115, Jamaica Broilers ended with 3,300 units changing hands at $14, Jamaica Producers traded 2,505 shares and gained $1.99 to end at a 52 weeks’ high of $44. JMMB Group traded 3,413 units as the price gained 30 cents to $10, JSE mm fn qts 3-6-16National Commercial Bank traded 15,130 shares, to close with a gain of 90 cents at $42. Pan Jamaican Investment Trust traded 24,973 shares and ended at $26.50, Radio Jamaica closed trading with 328,001 shares with the price rising 18 cents to a 52 weeks’ high of $2.10. Sagicor Group ended with 290,437 shares changing hands with a rise of 20 cents at $22.99, Sagicor Real Estate Fund traded 294,111 shares at $10, Scotia Group slipped 2 cents to close at $32.97 as 590,571 units changed hands, Seprod traded 33,377 units to end at $16.88. Supreme Ventures traded 419,994 units to close at $4.50 and JMMB Group 7.5% preference share, traded 136,380 units at $1.04.

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

Juniors trade higher on Friday

June 3, 2016 by

Consolidated Bakeries (Purity) trade at a new intraday high on Friday

Consolidated Bakeries (Purity) trade at a new intraday high on Friday

Trading in the junior market pushed the index over the 2,200 mark during trading in the morning session but it ended closing at 2,166.02, up by 15.97 points. The market saw high volumes of more than 290,000 shares in Consolidated Bakeries, Lasco Distributors and Lasco Manufacturing. At the close, 2,520,895 shares, valued at $12,191,278 changed hands.
A total of 13 securities traded with 6 advancing and 4 declining. The market ended with bids for 7 stocks closing higher than their last selling prices and 3 ending with lower offers.
At the end of trading, AMG Packaging traded 4,500 shares to close at $12.45, CAC 2000 close with 750 units trading at $6.50, Caribbean Cream closed with a loss of 15 cents at $4.51, after trading 36,570 shares, Carib Flavours did not trade but closed with the offer at $7.75 compared to the last traded price of $7.99. Caribbean Producers traded 14,050 shares and gained 55 cents, to close at $4.50, Consolidated Bakeries traded 294,747 units with a loss of 12 cents and ended at $2, after it traded at an intraday 52 weeks’ high of $2.15,JM Trdng Sht-03-6-16 C2W Music closed with 29,000 shares trading with a gain of 2 cents at 36 cents. Dolphin Cove traded 38,920 units and gained 20 cents to end at $11.20, Honey Bun ended at a closing 52 weeks’ high of $5.05 with a gain of 5 cents with 25,850 units changing hands. The price hit a high of $5.50 in the morning session. Jamaican Teas traded 108,490 units to close with a rise of 10 cents at $3.90, Lasco Distributors fell 30 cents with 514,000 units trading at $7.60. Lasco Financial closed with a fall of 20 cents at $3.14 with 167,400 shares changing hands while Lasco Manufacturing traded 1,280,146 shares and gained 10 cents to close at $4.60 and tTech traded 6,472 units at $4.30.

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

Market index chopped – Friday

June 3, 2016 by

Trading in the early morning session of the Jamaica Stock Exchange saw the main market indices being chopped sharply from Thursday close by nearly 1 percent but the junior market index climbed by almost 2.5 percent in contrast.
Honey Bun fresh from a 5 to 1 stock split, trading at a new high $5.01 and pulled back to $5, but the bid is now at $5.05. Radio Jamaica also traded at a new high of $2 and Consolidated Bakeries traded 46,296 units at a new one year high of $2.13
ICI intra JSE 03-06-16Stocks trading over 100,000 units in the main market include Cable & Wireless with 364,430 units at $1.48, Radio Jamaica 103,710 at a new high of $2, Supreme Ventures 348,904 shares at $4.50. In the junior market and Lasco Financial traded 164,400 shares at $3.30.
Trading resulted in activity in 25 securities, accounting for a volume of 1,356,891 units as 10 stocks gained and 4 declined. The average number of shares traded amounts to 54,276 units compared to an average of 135,568 units on Thursday.
After 75 minutes of trading in the early morning session, on Friday, the all Jamaica Composite Index was chopped by 1,080.88 points to 176,234.77, the JSE Market Index fell 966.48 points to 158,627.06, the JSE combined index fell 356.36 points, to 169,738.24 and the junior market index jumped 52.67 points to 2,202.72.

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

JSE makes big jump on Thursday

June 2, 2016 by

Palace closed at a new high of $165 on Thursday.

Palace closed at a new high of $165 on Thursday.

The Jamaica Stock Exchange main market ended trading on Thursday with strong gains in the indices and with 3 stocks trading at a 52 weeks’ highs. A total of 40 securities changed hands, accounting for 59,895,323 units valued at $68,983,411, in all market segments. The junior market accounted for 57,317,961 shares valued at $35,653,893 of the overall trades.
The price of 17 stocks in the overall market rose, 18 declined, including 7 stocks rising and 8 declining, from the junior market as 5 stocks in all markets hit new highs.
The JSE Market Index gained 2,178.07 points to end at 159,593.54. The all Jamaica Composite Index jumped 2,435.88 points to close at 177,315.65 and the JSE combined index climbed 2,015.84 points, to close at 170,094.60.
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 6 with lower offers.
JSE sum 2-6-16At the end of market activities, Cable & Wireless closed with a loss of 3 cents at $1.45 after trading 227,677 units, Caribbean Cement traded 22,120 shares and declined by 70 cents closed at $23.30. Carreras had just 1,000 units trading, to close with a gain of 1 cent at $65.81, Grace Kennedy added 1 cent in trading 11,617 units, to close at $115. Jamaica Broilers lost 5 cents in trading 8,500 units to end at $14, Jamaica Producers traded 37,951 shares and gained 51 cents to end at a 52 weeks’ high of $41.50, JMMB Group traded 101,774 units as the price fell 29 cents to $9.70. Mayberry Investments had 52,040 shares changing hands and fell 50 cents to $3.50,JSE mm fn qts 2-6-16 National Commercial Bank traded 83,072 shares, to close with a gain of 11 cents at $41.10. Palace Amusement added $15 to close at 52 weeks’ high of $165 after trading 7,058 shares, Pan Jamaican Investment Trust traded 41,571 shares and fell 49 cents to $26.50 at the close, Radio Jamaica closed trading with 55,747 shares as the price rose 17 cents to a 52 weeks’ high of $1.92. Sagicor Group ended with 24,182 shares changing hands with a rise of 29 cents at $22.79, Sagicor Real Estate Fund lost 12 cents and traded 708,499 shares at $10, Scotia Group climbed $2.49 cents to close at $32.99, as 212,260 units changed hands, Seprod traded 69,500 units to end at $16.88. Proven Investments had 15,993 shares trading at 19.49 US cents, down from 19.99 US cents and Supreme Ventures lost 50 cents in trading 869,991 units to close at $4.50.

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

C2W Music monster trade – Thursday

June 2, 2016 by

C2W had the largest trade on the JSE on Thursday

C2W had the largest trade on the JSE on Thursday

C2W Music closed trading with one transaction of 53.8 million trade on Thursday. The trade was executed by Stocks and Securities that see them buying the shares for their own account from a client. The trade that accounted for $18 million was the largest on the Jamaica Stock Exchange for the day. At the close, the market index lost 0.45 points to end at 2,150.05 as 57,317,961 shares, valued at $35,653,893 changed hands.
A total of 17 securities traded with 7 advancing and 8 declining. The market ended with bids for 7 stocks closing higher than their last selling prices and 3 ending with lower offers.
At the end of trading, AMG Packaging traded 1,200 shares to close at $12.45, after adding 45 cents, Caribbean Cream closed with a loss of 4 cents at $4.65, after trading 183,500 shares, Carib Flavours closed at $7.99 after losing 1 cent, in trading 200 shares. Consolidated Bakeries traded 283,078 units and gained 11 cents to end at a 52 weeks’ high of $2.12, C2W Music closed with 53,814,091 shares trading with a loss of 1 cent at 34 cents, General Accident had 2,200 shares trading with a gain of 26 cents to close at $2.44. Honey Bun traded for the first time after its 5 for 1 stock split and closed at a 52 weeks’ high of $5 with a gain of $1.20 with 170,860 units changing hands, Iron Rock Insurance traded 628,310 shares but shed 20 cents to end at $3.20. JM Trdng Sht-02-6-16Jamaican Teas traded 17,039 units to close with a loss of 5 cents at $3.80, Jetcon Corporation rose 7 cents in trading 23,525 units at $2.87, Key Insurance gained 6 cents with 61,900 shares at $2.75. KLE Group ended at $1.60 with 9,300 shares changing hands Knutsford Express fell 50 cents in trading 6,200 shares to close at $17.50, Lasco Distributors fell 10 cents with 1,000,000 units trading at $7.90. Lasco Financial closed with a gain of 4 cents at $3.34 with 5,979 shares changing hands while Lasco Manufacturing traded 1,099,242 shares and fell 19 cents to close at $4.50, Medical Disposables ended with 5,000 units changing hands to close with a gain of 1 cent at $3.50 and tTech traded 8,537 units at $4.30.

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

Juniors trade over 2.6m shares – Thursday

June 2, 2016 by

Spurred by good volumes in a number of junior market stocks, the junior market has so far traded over 2.6 million units while the main market had 3 securities trading in volumes over 100,000 units. Honey Bun fresh from a 5 to 1 stock split traded for the first time at $4.30.
Volumes increased for a number of stocks as Honey Bun traded 155,000 units at $4.30, Iron Rock Insurance exchanged 600,000 shares at $3.20, Lasco Distributors lost ground, in trading 762,546 units at $7.90 down from $8 on ICI intra JSE 02-06-16Wednesday and Lasco Manufacturing had with 1,048,000 shares trading at $4.60. JMMB Group traded 100,000 units at $10, Sagicor Real Estate X Fund had 500,400 shares changing hands at $10 while Supreme Ventures accounted for 219,900 shares at $4.30.
Trading resulted in activity in 27 securities, accounting for a volume of 3,660,342 units as 11 stocks gained and 11 declined. The average number of shares traded amounts to 135,568 units compared to an average of 233,476 units on Wednesday.
After 75 minutes of trading in the early morning session, on Thursday, the all Jamaica Composite Index gained 696.08 points to 175,575.85, the JSE Market Index rose 622.41 points to 158,037.88, the JSE combined index rose by 696.08 points, to 168,568.02 and the junior market index fell 8.59 points to 2,141.91.

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

JSE stocks hit new highs again – Wednesday

June 1, 2016 by

Pan Jam rose to new high after stock split.

Pan Jam rose to new high after stock split.

The Jamaica Stock Exchange main market ended with Jamaica Producers trading at a 52 weeks’ high of $41.50 and Pan Jamaican Investment after splitting the stock into 5 units, traded at a new high of $26.99. A total of 37 securities changed hands, accounting for 7,727,250 units valued at $131,569,573, in all market segments. The junior market accounted for 2,151,230 shares valued at $12,226,480 of the overall trades.
The price of 19 stocks in the overall market rose, 9 declined, including 7 stocks rising and only 3 declining, from the junior market as 2 stocks in the main market hit new highs.
The JSE Market Index gained 853.70 points to end at 157,415.47. The all Jamaica Composite Index rose 954.75 points to close at 174,879.77 and the JSE combined index climbed 943.05 points, to close at 168,078.76.
JSE sum 1-6-16 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 rose 4 cents in trading 20,300 shares at $4.49, Cable & Wireless closed at $1.48 after trading 77,437 units, Caribbean Cement traded 22,000 shares, gained $1 and closed at $24. Carreras had just 265 units trading, to close with a gain of $1.79 at $65.80, the price of 1834 Investments rose 1 cent to end at $1.15, as 213,749 units changed hands. Grace Kennedy slipped 1 cent in trading 1,933 units, to close at $114.99. Jamaica Broilers lost 15 cents in trading 19,428 units to end at $13.95, Jamaica Producers traded 1,074 shares and gained $1.40 to end at $41.50, JMMB Group traded 65,023 units as the price rose by 39 cents to $9.99. Mayberry Investments had 35,650 shares changing hands at $4, National Commercial Bank traded 13,492 shares, to close with a gain of 74 cents at $40.99. JSE mm Trdng Sht 1-6-16Pan Jamaican Investment Trust traded ex-split for the first time and jumped $2.75 to $26.99 at the close, with 3,787,537 units, the bulk of which were crosses, Radio Jamaica closed trading with 393,668 shares as the price rose 30 cents to $1.75, Sagicor Group ended with 48,484 shares changing hands with a loss of 30 cents at $22.50. Sagicor Real Estate Fund traded 175,863 shares at $10.12, Scotia Group fell 50 cents to close at $30.50, as 245,997 units changed hands. Scotia Investments rose 40 cents to close at $25.50, as 30,478 units changed hands, Seprod traded 235,333 units but fell 7 cents to end at $16.88, Sterling Investments had 173,979 shares trading at $11.50 and Supreme Ventures rose 30 cents in trading 3,900 units to close at $5.

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

Demand for juniors rose on Wednesday

June 1, 2016 by

Lasco Manufacturing had the largest trade in the junior market and climbed 50 cents to $8.

Lasco Distributors had the largest trade in the junior market and climbed 50 cents to $8.

Trading picked up the junior market on Wednesday ended with increased trading over Tuesday. At the close the market index rose 14.74 points to end at 2,150.50 as 2,151,230 shares valued at $12,226,480 changed hands.
A total of 14 securities traded with 7 advancing and 3 declining. The market ended with bids for 6 stocks closing higher than their last selling prices and 3 ending with lower offers.
At the end of trading, AMG Packaging traded 2,449 shares to close at $12, after shedding 50 cents, CAC 200 had 250 shares trading at $6.50, Caribbean Cream closed with a loss of 9 cents at $4.69, after trading 163,774 shares, Consolidated Bakeries traded 89,007 units and gained 1 cent to end at $2.01. Dolphin Cove had 900 shares trading with a loss of $1.68 at $11, General Accident had 2,200 shares trading with a gain of 26 cents to close at $2.44, ISP Finance traded 31,499 units at $3. Jamaican Teas traded 105,100 units to close at $3.85, Jetcon Corporation lost 5 cents in trading 112,918 units at $2.80, Knutsford Express rose $1.20 in trading 16,679 shares to close at $18.JM Trdng Sht-6-16 Lasco Distributors climbed 50 cents with 1,033,123 units trading at $8, one day after the company released full year’s results showing profit rising 38.55 percent from a 30.5 percent rise in sales income. Lasco Financial closed with a gain of 15 cents at $3.30 with 338,355 shares changing hands after the company released full year’s results showing just 5 percent increase in profit after tax, from a 22 percent rise in revenues. Lasco Manufacturing traded 180,100 shares and rose 9 cents to close at $4.69 and Medical Disposables ended with 74,876 units changing hands to close with a gain of 24 cents at $3.49.

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

Signs of strength for juniors – Tuesday

May 31, 2016 by

Consolidated Bakeries closed at a 52 weeks' high on Tuesday.

Consolidated Bakeries closed at a 52 weeks’ high on Tuesday.

Trading on the junior market on Tuesday ended with the market index rising 7.62 points to end at 2,135.76. Strong demand came for Consolidated Bakeries shares accounting for 1.8 million units, of the total of 2,620,512 shares valued at $7,902,418 changing hands. A total 12 securities traded, 5 of which advanced and 5 declined.
The junior market ended with bids for 14 stocks closing higher than their last selling prices and 3 ending with lower offers.
At the end of trading, Caribbean Cream closed with a gain of 8 cents at $4.78, after trading 6,200 shares, Caribbean Flavours traded 10,000 units to end at $8, Caribbean Producers traded 108,630 units with a gain of 5 cents, to end at $3.95. Consolidated Bakeries traded 1,838,962 units and gained 20 cents to end at a 52 weeks high of $2, Derrimon Trading ended with 74,00 shares changing hands, JM Trdng Sht-31-5-16with a loss of 65 cents at $3.85, Iron Rock traded 1,048 shares with a rise of 20 cents to end at $3.40. Jamaican Teas traded 3,000 units to close with a loss of 5 cents at $3.85, KLE Group traded 10,000 shares and closed with a loss of 1 cent at $1.60. Lasco Distributors closed with 349,561 units trading at $7.50, Lasco Manufacturing traded 128,665 shares and rose 30 cents to close at $4.70, Medical Disposables gained 25 cents in trading 74,458 shares at $3.25and tTech ended with 15,988 units changing hands but lost 20 cents to close at $4.30.

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

JSE ends May with mild losses

May 31, 2016 by

Grace Kennedy traded at a new closing high of $115 on Tuesday.

Grace Kennedy traded at a new closing high of $115 on Tuesday.

The Jamaica Stock Exchange main market ended with Grace Kennedy ending trading at a 52 weeks’ closing high of $115 and also did Jamaica Producers. A total of 34 securities changed hands, accounting for 11,149,488 units valued at just $124,468,897, in all market segments. The junior market accounted for 2,620,512 shares valued at $7,902,418 of the overall trades.
Investors pushed the price of 15 stocks in the overall market up, 13 down, including 5 stocks rising and 5 declining, from the junior market. One stock in the junior closed at a 52 weeks’ high and two in the main market hit new 52 weeks’ highs at the close of trading.
The JSE Market Index fell 171.16 points to end at 156,561.77. The all Jamaica Composite Index lost 191.42 points to close at 173,925.02 and the JSE combined index declined 80.66 points, to close at 167,135.71.
JSE Sum-31-5-16 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 19 stocks with bids higher than their last selling prices and 9 with lower offers.
At the end of market activities, Barita Investments lost 39 cents and ended with 11,500 units trading at $3.10, Cable & Wireless rose 10 cents and closed at $1.48 after trading 731,284 units, Caribbean Cement traded 11,678 shares, fell $3 and closed at $23. Carreras had just 391 units trading, to close with a loss of 99 cents at $64.01, Ciboney Group rose 2 cents with 22,000 units trading to end at 23 cents. The price of 1834 Investments rose 3 cents to end at $1.14, as 5,000 units changed hands. Grace Kennedy climbed $4 in trading 2,710 units, to end at a 52 weeks’ closing high of $115, Jamaica Producers traded 1,425 shares and added 10 cents to close at a 52 weeks’ high of $40.10, JMMB Group traded 4,057,219 units after losing 39 cents, to close at $9.60. National Commercial Bank traded 55,076 shares, to close at $40.25 after gaining by 25 cents,JSE mn fn qts 31-5-16Pulse Investments traded at $3.10 having slipped 10 cents with 5,836 units changing hands, Radio Jamaica rose 10 cents and closed trading 203,603 shares at $1.45, Sagicor Group lost 10 cents with 3,106,094 shares changing hands at $22.80. Sagicor Real Estate Fund traded 32,891 shares at $10.12, Scotia Group fell $1.55 to close at $31, as 12,804 units changed hands. Seprod gained 45 cents to close at $16.95 as 53,450 shares changed hands. Sterling Investments traded 39,150 units with a loss of 45 cents at $11.50, Supreme Ventures rose 5 cents in trading 33,532 units to close at $4.70 and Jamaica Money Market Brokers 7.50% preference share traded 137,702 units at $2.10.

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