Juniors close higher on Wednesday

Cargo Handlers traded at a new high of $46.

Cargo Handlers traded at a new high of $46.

Trading in the junior market on Wednesday was subdued throughout the day with fewer securities trading than on Tuesday. The market closed with 2,139,183 shares valued at $12,635,596 changing hands with Cargo Handlers trading at a new high of $46. The market index gained 31.92 points to end at 2,125.90 with a total of 12 securities traded, 5 of which advanced and 4 declined. The market ended with bids for 8 stocks closing higher than their last selling prices and 3 ending with lower offers.
At the end of trading, Cargo Handlers traded 1,855 shares and gained $1 to close at a 52 weeks’ high of $46, Caribbean Cream rose 1 cent to close with 183,568 shares changing hands at $4.47,JM Trdng Sht-25-5-16Caribbean Producers traded 6,500 units at $4.55, Consolidated Bakeries traded 16,000 units to close with a loss of 10 cents at $1.50. Honey Bun closed with a gain of 45 cents at $21.95, while 3,500 shares traded, Iron Rock traded 3,000 shares at $3.75, Jetcon Corporation traded 900 shares and gained 2 cents to close at $2.83, KLE Group lost 7 cents in closing with 121,998 shares trading at $1.61. Lasco Distributors gained 30 cents and closed with 1,277,830 units trading with the price closing at $7.50. Lasco Financial closed at $3.30 with 391,866 shares changing hands, Lasco Manufacturing lost 40 cents and closed at $4.20 with 123,963 shares changing hands and tTech fell 20 cents and ended with 8,203 units changing hands at $4.30.

JSE makes early trading gains

In Jamaica Stock Exchange trading in the early morning session on Wednesday all main market indices rose robustly as investors started trading across a wide number of securities but with muted volumes but with two main market stocks trading at new 52 weeks’ high.
ICI int sht 25-05-16Trading resulted in activity in 28 securities, accounting for a mere 603,583 units as 17 stocks gained and 5 declined. The average number of shares traded is just 21,557 units compared to an average of 40,087 units on Tuesday.
Grace Kennedy traded just 522 shares at a 52 weeks’ high of $91.66 and so did Jamaica Producers Group that traded 76,038 shares up to a new 52 weeks’ high of $40. Palace Amusement could also trade at a new high with the bid at $140 to buy 500 shares. Elsewhere, Supreme Ventures traded 104,250 shares at $5, Caribbean Cream traded 80,555 shares at $4.47 and Lasco manufacturing traded 72,600 shares at $4.35.
After 75 minutes of trading in the early morning session, on Wednesday, the all Jamaica Composite Index rose 775.66 points to 169,667.10, the JSE Market Index rose 693.56 points to 152,754.51, the JSE combined index gained 942.52 points, to 163,474.62 and the junior market index rose 29.17 points to 2,123.15.

JSE loses ground on Tuesday

Grace traded at a new 52 weeks' high on the JSE Tuesday.

Grace traded at a new 52 weeks’ high on the JSE Tuesday.

Trading volumes remained low on the Jamaica Stock Exchange on Tuesday as the main market lost much ground in trading after closing for the Labour Day holiday on Monday. The market closed with 34 securities changing hands, accounting for just 2,901,288 units valued at $53,144,793, in all market segments. The junior market accounted for 912,528 shares valued at $4,482,547 of the total level traded.
Investors pushed the price of 13 stocks in the overall market up, 13 down, including 4 stocks rising and 6 declining, from the junior market as two stocks in the main market hit new highs.
The JSE Market Index moved down by 1,629.32 points to end at 152,050.95. The all Jamaica Composite Index declined by 1,822.18 points to close at 168,891.44 and the JSE combined index dropped 1,945.68 points, to close at 162,532.10.
JSE Sum-24-5-16r IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 17 stocks with bids higher than their last selling prices and 4 with lower offers.
At the end of market activities, Cable & Wireless closed at $1.28 after trading 14,655 units, Caribbean Cement traded 100,000 shares and fell $2 and close at $24, Carreras gained 69 cents with 69,370 units trading to close at $65.20. The price of 1834 Investments gained 2 cents to close at $1.01 with 89,139 units, Grace Kennedy traded 12,167 units to gain $1 and closed at $91. Jamaica Broilers closed with a rise of 39 cents to $14.60 while trading 2,600 shares, Jamaica Producers traded 98,860 shares at $34.99, after a loss of 1 cent, JMMB Group traded 156,747 shares but declined 43 cents to close at $9.50, Kingston Properties closed with a rise of $3.30, to a 52 weeks’ high of $9.80, after trading 3,000 units. JSE mn fn qts 24-5-16Margaritaville Turks traded 49,500 to end at 20 US cents, National Commercial Bank traded 82,360 shares, to close with a rise of 45 cents at $40.25. Pan Jamaican Investment fell back $1.70 to close trading at $121 but with 14,738 shares changing hands, Radio Jamaica rose 2 cents in trading 12,525 shares at $1.32, Sagicor Group ended with 963,187 shares changing hands, to end at $22.30. Sagicor Real Estate Fund traded 9,981 shares but ended with a loss of 15 cents at $10, Scotia Group closed at $30 while 249,275 units changed hands, Supreme Ventures closed at $5.24 with 19,300 shares changing hands, after gaining 24 cents and JMMB Group 7.5% preference share traded with 20,000 shares at $1.04 with a loss of 1 cent.

Juniors suffer big drop – Tuesday

Interest is up for Caribbean Cream with bids for 300,000 units at $4.47.

Interest is up for Caribbean Cream with bids for 300,000 units at $4.47.

The junior market closed lower at the close of trading on Tuesday, with 912,528 shares valued at $4,482,547 changing hands. The market index dropped 42.34 points to end at 2,093.98 with a total of 12 securities traded of which 4 advanced and 6 declined. 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, Caribbean Cream close with 21,000 shares changing hands at $4.46, General Accident traded at $2.15 with 299,208 shares trading but gained 5 cents, Honey Bun closed with a loss of 50 cents at $21.50, while 5,444 shares traded, Jamaican Teas traded 3,600 units and lost 5 cents to close at $3.85. Jetcon Corporation traded 90,307 shares and gained 6 cents to close at $2.81, JM Trdng Sht-24-5-16Key Insurance closed with a gain of 19 cents at $2.69 with 100 shares trading, Lasco Distributors fell 16 cents and closed with 265,100 units trading with the price closing at $7.20. Lasco Financial closed at $3.30 with 12,700 shares changing hands after falling 5 cents, Lasco Manufacturing gained 16 cents closed at $4.60 with 106,600 shares trading. Medical Disposables traded 12,519 shares to close unchanged at $2.95, after dropping 55 cents, Paramount Trading fell 1 cent to end with 68,200 shares changing hands at $10.99 and tTech ended with 37,750 units changing hands at $4.50.

JSE trading off to slow start

ICI int sht 24-05-16r

1m mobile phones cheer investors

CW flow hqCable and Wireless is celebrating the recent attainment of 1 million mobile customers but investors should be celebrating as well. This milestone could mean big bucks for investors as the company moves out of losses into profit.
At the end of March 2015, the total number of cell phone customers stood at 838,000 users, the increase to 1 million resulted in 162,000 new customers. The growth in the numbers place the company around 35 percent market share as it continues to eat away at the competitor’s market share. Importantly, it translates to additional revenues that is close to $2 billion per annum. This is important for a company that suffered operating loss of $2.2 billion in 2015 and $700,000 million loss for the nine months to December 2015. With continued growth expected in the number of mobile customers, for the current fiscal year to March 2017, should move the company into a clear profit from operation, for the time since the year ending March 2007.
IC Insider.com is projecting 20 cents per share for the current fiscal year. The stock traded at $1.28 on the Jamaica Stock Exchange but could well rise when the company release full year results for 2016 March year end, by the end of May.

JSE volume remains low on Friday

Margaritaville Turks traded 531,220 shares at 20 US cents on friday

Margaritaville Turks traded 531,220 shares at 20 US cents on friday

Trading volumes remained low on the Jamaica Stock Exchange on Friday even as the active number of securities remain at elevated levels. The market closed with 35 securities changing hands, accounting for just 3,475,337 units valued at $40,616,397, in all market segments. The junior market had 2,388,762 shares valued at $2,388,762 trading.
Investors pushed the price of 13 stocks in the overall market up, 13 down, including 3 stocks rising and 4 declining, from the junior market. The JSE Market Index moved down by 192.18 points to end at 153,690.27. The all Jamaica Composite Index declined by 214.93 points to close at 170,713.62 and the JSE combined index slipped 54.76 points, to close at 164,532.54.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the JSE Sum-20-5-16Investor’s Choice bid-offer indicator reading showed 18 stocks with bids higher than their last selling prices and 5 with lower offers.
At the end of market activities, Berger Paints traded with 4,500 shares to close at $4.38, Cable & Wireless fell 5 cents and closed at $1.28 after trading 143,757 units, Carreras dropped $1.49 with 20,051 units trading to close at $64.51, Grace Kennedy traded 100 units to gain $1 and closed at $90. Hardware and Lumber jumped $3.50 to end at $16 as 500 shares changed hands, Jamaica Broilers closed with a fall of 43 cents at $14.21 while trading 3,664 shares, Jamaica Producers traded 10,000 shares at $35, Margaritaville Turks traded 531,220 to end at 20 US cents.JSE mn fn qts 20-5-16 National Commercial Bank traded 37,465 shares, to close with a fall of 19 cents at $39.80. Pan Jamaican Investment climbed back $1.70 to close trading at $122.70 but with just 400 shares changing hands, Radio Jamaica rose 3 cents in trading 70,612 shares at $1.30, Sagicor Group ended with 71,400 shares changing hands, fell 20 cents, to end at $22.30. Scotia Group closed with a fall of $2.70 to end at $30 while 81,365 units changed hands, Scotia Investments fell $1.09 to $25 with 12,880 shares changing hands, Sterling Investments lost 92 cents and closed at $11.98 with 24,800 shares trading. Supreme Ventures closed at $5 with 16,339 shares changing hands, after falling 29 cents and Proven Investments traded with a gain of 2 US cents to 20 US cents with 49,000 shares trading.

Advancing juniors dominate – Friday

Caribbean Flavours' produce inputs. the stock gained $1.50 on Friday high.

Caribbean Flavours’ produce inputs. the stock gained $1.50 on Friday high.

The junior market closed slightly higher at the close of trading on Friday, with 2,388,762 shares valued at $18,020,899 changing hands, of which 2 million units were accounted for by Caribbean Flavours. The market index rose 12.04 points to end at 2,136.32 with a total of 12 securities traded of which 6 advanced and 2 declined. 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 closed at $10.51 with 3,000 units changing hands, CAC 2000 gained 9 cents and closed at $6.50 with 1,539 units changing hands, Caribbean Cream rose 5 cents with 12,715 shares changing hands at $4.46, Caribbean Flavours traded 2,000,100 shares and rose $1.50 to end at $8, Consolidated Bakeries gained 10 cents to end at JM Trdng Sht-20-5-16$1.60 with 10,500 shares changing hands. General Accident traded at $2.10 with 50,000 shares trading, Honey Bun closed at $22, with 2,025 shares trading, ISP Finance traded 79,943 units and ended with a 6 cents gain to close at a 52 weeks’ high of $2.85, Jamaican Teas traded 5,300 units to close at $3.90. Knutsford Express closed with a loss of 50 cents at $17.50 with 4,600 shares trading, Lasco Distributors fell 4 cents and closed with 159,489 units trading with the price closing at $7.36. Lasco Financial closed at $3.35 with 17,866 shares changing hands after rising 20 cents and Lasco Manufacturing closed at $4.44 with 41,865 shares trading.

Sharp dip in JSE volume on Thursday

Margaritaville Turks traded at a new 52 weeks' high on Thursday.

Margaritaville Turks traded at a new 52 weeks’ high on Thursday.

Very low volumes characterised trading on the Jamaica Stock Exchange on Thursday. The market closed with 36 securities changing hands, accounting for just 1,557,618 units valued at $12,995,729, in all market segments. The junior market had 793,977 shares valued at $3,056,734 trading.
Investors pushed the price of 16 stocks in the overall market up, 11 down, including 3 stocks rising and 4 declining, from the junior market. The JSE Market Index moved up 13.42 points to end at 153,882.45. The all Jamaica Composite Index rose 15.01 points to close at 170,928.55 and the JSE combined index gained 44.21 points, to close at 164,532.54.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the JSE Sum-19-5-16Investor’s Choice bid-offer indicator reading showed 12 stocks with bids higher than their last selling prices and 10 with lower offers.
At the end of market activities, Barita Investments ended with 20,617 units trading, to close at $3.05, with a fall of 45 cents, Berger Paints rose 10 cents with 5,389 shares to close at $4.38, Cable & Wireless gained 7 cents and closed at $1.33 after trading 227,698 units, Caribbean Cement traded 3,800 shares to close at $26. Carreras jumped $1.99 with 300 units trading to close at $66, Grace Kennedy traded 18,430 units to gain 90 cents and closed at $89, the price of 1834 Investments declined by 3 cents in trading 34,839 units to close at 99 cents, Jamaica Broilers closed with a rise of 14 cents at $14.64 while trading 13,182 shares. JSE mn fn qts 19-5-16Jamaica Producers traded 2,000 shares at $35, Kingston Wharves loss 13 cents in trading 4,000 stock unit at $11.52, Margaritaville Turks traded just 200 shares and gained 2.5 cents to end at a record 20 US cents, National Commercial Bank traded 10,108 shares, to close with a rise of 14 cents at $39.99. Pan Jamaican Investment pulled back $3.94 to close trading at $121 with 3,969 shares changing hands, Radio Jamaica rose 15 cents in trading 33,600 shares at $1.27, Sagicor Group ended with 201,084 shares changing hands, and gained 30 cents, to end at $22.50. Scotia Group closed with a gain of $1.70 to end at $32.70 while 20,246 units changed hands, Seprod lost 50 cents and closed at $17.50 with 21,667 shares trading, Supreme Ventures closed at $5.39 with 41,000 shares changing hands after rising 59 cents and Proven Investments traded at 18 US cents with 21,329 shares.

Moderate JSE trading Thursday

Trading levels have been moderate in the early Thursday morning session on the Jamaica Stock Exchange with a fall in the average number of securities trading after 75 minutes of the market’s opening compared with the levels on Wednesday. ICI int sht 19-05-16The volume traded dropped sharply compared the the amount traded on Wednesday.
After 75 minutes of trading in the early morning session, on Thursday, the all Jamaica Composite Index rose 69.79 points to 170,983.33, the JSE Market Index rose 62.40 points to 153,931.43, the JSE combined index gained 139.33 points, to 164,627.66 and the junior market index rose 7.94 points to 2,129.12.
No trade accounted for 100,000 units or more with Barita Investments coming closest as the price fell 45 cents to $3.05 while trading 90,700 shares.
Trading resulted in activity in 25 securities, accounting for a mere 382,827 units versus 3,602,821 shares changing hands on Wednesday as 13 stocks gained and 6 declined. The average number of shares traded is just 15,313 units compared to an average of 128,672 units on Wednesday.