138SL dominates – Wednesday

May 18, 2016 by

138 Student Living had 2 m ordinary shares trading on Wednesday

138 Student Living had 2 m ordinary shares trading on Wednesday

138 Student Living traded 1,992,000 shares and gained 50 cents to close at $5.50 to be the highlight of the trading day for the Jamaica Stock Exchange on Wednesday. The market closed with 37 securities changing hands, accounting for 5,484,901 units valued at $61,330,932, in all market segments. The junior market had 1,632,717 shares valued at $8,573,035 trading.
Investors pushed the price of 16 stocks in the overall market up, 11 down, including 8 stocks rising and 4 declining, from the junior market. The JSE Market Index moved up 445.09 points to end at 153,869.03. The all Jamaica Composite Index rose 497.77 points to close at 170,913.54 and the JSE combined index gained 233.84 points, to close at 164,488.33.
JSE Sum-18-5-16 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 14 stocks with bids higher than their last selling prices and 6 with lower offers.
At the end of market activities, Cable & Wireless reacted negatively to news that there is no planned buy out of local shareholders and lost 16 cents and closed at $1.26 after trading 431,515 units, Caribbean Cement traded 621,000 shares to close at $26, Carreras traded 111,082 units with the price rising 41 cents to close at $64.01. Grace Kennedy rose 10 cents with 69,224 shares trading to close at $88.10, the price of 1834 Investments rose by 2 cents in trading 28,349 units to close at $1.02, Jamaica Broilers closed with a fall of 15 cents at $14.50 while trading 13,760 shares. Jamaica Producers traded 43,641 shares at $35, JMMB Group traded 7,330 shares at $9.80, for a 10 cents loss. Kingston Wharves traded 60,957 at $11.65,JSE mn fn qts 18-5-16 Mayberry Investments traded 61,305 shares at $3.99 after falling by a cent, National Commercial Bank traded 80,771 shares, to close with a rise of 10 cents at $39.85. Pan Jamaican Investment pulled back 6 cents to close trading at $124.94 with 25,981 shares changing hands, Radio Jamaica rose 2 cents in trading 11,920 shares at $1.12, Sagicor Group ended with 172,274 shares changing hands, but fell 80 cents, to end at $22.20. Scotia Group closed with a gain of $1 to end at $31 while 16,216 units changed hands, Supreme Ventures closed at $4.70 with 50,959 shares trading after rising 5 cents, Jamaica Money Market Brokers 7.5% preference share ended with 45,500 units trading at $2.11 after falling by 3 cents.

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8 junior stocks up 4 down – Wednesday

May 18, 2016 by

Honey Bun jumped $5.50 back to $22 on Wednesday.

Honey Bun jumped $5.50 back to $22 on Wednesday.

The junior market dropped lower at the close of trading on Wednesday, with 1,632,717 shares valued at $8,573,035 changing hands. The market index lost 17.46 points to end at 2,121.18 with a total of 16 securities traded, with 8 advancing and 4 declining. The market ended with bids for 7 stocks closing higher than their last selling prices and 5 ending with lower offers.
At the end of trading, Caribbean Cream lost 50 cents with 514,085 shares changing hands at $4, Caribbean Flavours traded 8,035 shares with the rise of 5 cents to end at $7.25, Caribbean Producers traded 3,000 shares at $4.55 after rising by 55 cents, Consolidated Bakeries fell 10 cents and closed at $1.50 with 41,850 shares changing hands. Dolphin Cove rose 17 cents while trading 2,524 units to close at $12.68, General Accident gained 6 cents to $2.06 with 322,467 shares trading, Honey Bun closed with a jump of $5.50 to $22, with 117,182 shares trading. Iron Rock Insurance gained 25 cents in trading just 2,000 shares to close at $3.75, Jamaican Teas traded 500 shares to end at $3.90, Jetcon Corporation traded 7,000 units to close with a loss of 10 cents at $2.80.JM Trdng Sht-18-5-16 Knutsford Express closed with 1,075 shares trading at $18, Lasco Distributors closed with 155,159 units trading with the price closing at $7.30. Lasco Financial closed at $3.30 with 220,955 shares changing hands after rising 10 cents. Lasco Manufacturing fell 15 cents to close at $4.60 with 223,175 shares trading, Medical Disposables closed with a rise of 8 cents as 3,100 units changed hands at $3.50, Paramount Trading ended with 17,440 shares trading with a loss of 5 cents at $11 and tTech traded 170 units at $4.50.

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Trading up on JSE – Wednesday

May 18, 2016 by

Trading levels picked up the early Wednesday morning session on the Jamaica Stock Exchange, with an increased with the average number of securities trading almost doubling after 75 minutes of the market’s opening. The volume traded also increased well over the amount traded on Tuesday by 69 percent.
After 75 minutes of trading in the early morning session, on Wednesday, the all Jamaica Composite Index ICI int sht 18-05-16 fell 175.88 points to 170,239.89, the JSE Market Index declined by 157.27 points to 153,266.67, the JSE combined index fell 150.58 points, to 164,103.91 and the junior market index lost 0.46 points to 2,138.18.
Stocks traded with 100,000 units or more include, Cable & Wireless traded 328,761 shares at $1.26, Caribbean Cement with 501,000 shares at $27, Carreras with 109,992 units at $64 and 138 Student Living 1,991,000 units at $4.50, in the junior market, General Accident Insurance with 132,318 shares at $2 and Lasco Financial Services with 106,630 units at $3.40.
Trading resulted in activity in 28 securities, accounting for 3,602,821 shares changing hands as 10 stocks gained and 8 declined. The average number of shares traded is 128,672 units compared to an average of 68,756 units on Tuesday.

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Big fall for juniors on Tuesday

May 17, 2016 by

Honey Bun dropped $5.45 to $16.50 on Tuesday

Honey Bun dropped $5.45 to $16.50 on Tuesday

The junior market dropped lower at the close on Tuesday, with 1,770,629 shares valued at $9,957,555 changing hands. The market index lost 41.79 points to end at 2,138.64 as a total of 19 securities traded, with 6 advancing and 8 declining. The junior market ended with bids for 4 stocks closing higher than their last selling prices and 1 ending with a lower offer.
At the end of trading, CAC 2000 closed while trading 1,000 shares to end at $6.41 after losing 1 cent, Caribbean Cream lost 44 cents with 220,634 shares changing hands at $4.50, Caribbean Flavours traded 120,000 shares with a fall of $1.30 to end at $7.20, Consolidated Bakeries closed at $1.60 with 67,535 shares changing hands. Dolphin Cove lost 24 cents while trading 1,160 units to close at $12.51, General Accident fell by 55 cents to $2 with 16,037 shares trading, Honey Bun closed with a loss of $5.45 to $16.50, with 16,302 shares trading. Iron Rock Insurance gained 10 cents in trading 386,468 shares to close at $3.50, Jamaican Teas traded 50,000 shares and rose by 35 cents to end at $3.90, Jetcon Corporation traded 7,000 units to close with a loss of 10 cents at $2.80. Key Insurance traded firm at $2.50 as 15,129 units changed hands,JM Trdng Sht-17-5-16 KLE Group rose 8 cents in trading 20,000 shares and closed at $1.68, Knutsford Express closed with 8,366 shares trading at $18, Lasco Distributors closed with 718,998 units trading with the price declining 21 cents to close at $7.30, but the stock traded down to $6.51 during the trading session. Lasco Financial closed at $3.20 with 39,926 shares changing hands for a fall of 29 cents. Lasco Manufacturing closed at $4.75 with 52,632 shares trading, but rose by 7 cents and Medical Disposables closed with a rise of 2 cents as 7,900 units changed hands at $3.42, tTech traded 20,000 units at $4.50 and Derrimon Trading 11.75% preference shares traded 1,542 units at $2.13.

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JSE majors make big gains – Tuesday

May 17, 2016 by

Trading levels picked up the early Tuesday morning session on the Jamaica Stock Exchange, with an increased number of securities trading after 75 minutes of the market’s opening leading to a sharp rise in the main market indices. The volume traded also increased well over the amount traded on Monday.
ICI int sht 17-05-16After 75 minutes of trading in the early morning session, on Tuesday, the all Jamaica Composite Index rose 1,498.66 points compared to the 2,035.21 points rise on Monday to 171,721.71, the JSE Market Index gained 1,340.05 points versus 1,819.80 points rise on Monday, to 154,591.66, the JSE combined index was up 831.40 while on Monday it rose by 1,726.04 points, to 165,354.68 and the junior market index dropped 40.14 points to 2,140.29.
Stocks traded with 100,000 units or more include, Cable & Wireless traded 122,614 shares at $1.48, followed by 1834 Investments with 118,100 at $1, Jamaica Producers had 185,220 units changing hands at $34.93 in response to an announcement of a bonus issue of shares to be put the Annual General meeting, Supreme Ventures 301,751 shares at $4.60, Caribbean Cream 208,688 at $4.60 and Lasco Distributors 705,698 shares down to $6.50.
Trading resulted in activity in 31 securities, accounting for 2,131,446 shares changing hands as 12 stocks gained and 9 declined. The average number of shares traded is 68,756 units compared to an average of 21,330 units on Monday.

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

New records for 3 stocks – Monday

May 16, 2016 by

JPSCo trades at new high on Monday at $1,247.

JPSCo trades at new high on Monday at $1,247.

Grace Kennedy, Pan Jamaican Investment and Jamaica Public Service 9.5% preference share shot to new 52 weeks high on the main market of the Jamaica Stock Exchange at the close of trading on Monday. The market closed with 37 securities changing hands, accounting for 23,413,479 units valued at $218,207,605, in all market segments. The junior market had only 632,321 units traded, valued at $2,290,950.
Investors pushed the price of 16 stocks in the overall market up, 11 down, including 5 stocks rising and 6 declining, from the junior market.
The JSE Market Index jumped 1,484.96 points to end at 153,251.61. The all Jamaica Composite Index shot up 1,660.74 points to close at 170,223.05 and the JSE combined index rose 1,336.47 points, to close at 164,523.28.
JSE Sum-16-5-16 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 10 stocks with bids higher than their last selling prices and 6 with lower offers.
At the end of market activities, Cable & Wireless lost 2 cents and closed at $1.47 after trading 132,302 units, Ciboney traded 100,000 shares to close at 13 cents. Grace Kennedy shot up $4.49 with 14,300 shares trading to close at $90. Jamaica Broilers ended at $14.50 while trading 306,339 shares, Jamaica Producers fell 90 cents to $32 with 58,803 units changing hands on a day the company advised the stock exchange that the directors will be meeting to consider a stock bonus. Jamaica Stock Exchange had 35,549 shares trading at $21, JMMB Group traded 94,284 shares at $9.99, for a 14 cents gain. National Commercial Bank traded just 5,551 shares, to close with a gain of 25 cents at $40, JSE MM fn qts 16-5-16Pan Jamaican Investment jumped $5 to close trading at $125 with 26,773 shares changing hands, Radio Jamaica traded 67,645 shares at $1.10, Sagicor Group ended with 145,082 shares changing hands, but lost 20 cents, to end at $22.80. Scotia Group closed at $30.50 while only 3,000 units changed hands after gaining 49 cents, Supreme Ventures closed at $4.50 with 21,308,893 shares valued at $96,057,185 changing hands after declining by 97 cents. Proven Investments traded 25,980 shares at 17.50 US cents, Jamaica Money Market Brokers 7.5% preference share ended with 366,900 units trading at $2.14 and Jamaica Public Service 9.5% preference share climbed $46, in trading 81,662 units with a value of $101,832,514, to end at a record of $1,247.

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Juniors slip slightly on Monday

May 16, 2016 by

JSE sign The junior market edged lower at the close on Monday, with 632,321 shares valued at $2,290,950 changing hands. The market index lost 4 points to end at 2,180.43 as a total of 15 securities traded, with 5 advancing and 6 declining. The junior market ended with bids for 5 stocks closing higher than their last selling prices and 3 ending with a lower offer.
At the end of trading, CAC 2000 closed while trading 800 shares to end at $6.40, Caribbean Cream lost 1 cent with 25,000 shares changing hands at $4.94, Caribbean Producers traded 100,000 shares with a gain of 10 cents to end at $4, Consolidated Bakeries gained 15 cent to close at $1.60 with 127,159 shares changing hands. Dolphin Cove rose 20 cents while trading 1,515 units to close at $12.75, Honey Bun closed with a loss of 5 cents to $21.95, with 7,962 shares trading. Iron Rock Insurance traded 180,416 shares at $3.40, JM Trdng Sht-16-5-16Jamaican Teas traded 59,474 shares to end at $3.55, Jetcon Corporation traded 26,000 units to close with a loss of 10 cents at $2.90, KLE Group rose 20 cents in trading 20,000 shares and closed at $1.60. Knutsford Express closed with 1,570 shares trading at $18, Lasco Distributors closed with 22,730 units trading with the price declining 14 cents to close at $7.51, Lasco Financial closed at $3.49 with 49,843 shares changing hands for a fall of 1 cent. Lasco Manufacturing closed at $4.68 with 7,852 shares trading, but fell by 8 cents and Paramount Trading closed with a rise of 55 cents as 2,000 units changed hands at $11.05.

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Pan Jam & Grace at new highs – Monday

May 16, 2016 by

Grace Kennedy and Pan Jamaican Investment traded at new 52 weeks’ high in the early morning session on the Jamaica Stock Exchange, with Grace hitting $90 following impressive first quarter resultsICI int sht 16-05-16 and Pan Jamaican traded as high as $130 but traded later at $125 in continued reaction to the company’s announced 5 fro 1 stock split, on a morning session of moderate trading.
The gains in the two stocks helped to push the main market indices up sharply by more than 1 percent.
After 75 minutes of trading in the early morning session, on Monday, the all Jamaica Composite Index rose 2,035.21 points to 170,597.52, the JSE Market Index gained 1,819.80 points to 153,586.45, the JSE combined index was up 1,726.04 points to 164,912.85 and the junior market index gained just 3.70 points to 2,188.13.
Stocks traded more than 100,000 units are, Caribbean Producers with 100,000 at $4 and Ciboney with 100,000 units. Trading resulted in activity in 23 securities, accounting for 490,595 shares changing hands as 10 stocks gained and 4 declined. The average number of shares traded is 21,330 units.

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

Juniors close up on Friday

May 13, 2016 by
One Honey Bun's Products - the stock ended at a new closing high of $22

One Honey Bun’s Products – the stock ended at a new closing high of $22

The junior market inched forward at the close on Friday, with a mere 193,019 shares valued at $1,341,812 changing hands. The market index added just 8.11 points to end at 2,184.43 as a total of 13 securities traded, with 3 advancing and 5 declining. The junior market ended with bids for 3 stocks closing higher than their last selling prices and 2 ending with lower offers.
At the end of trading, CAC 2000 closed while trading 10,000 shares to end at $6.40, Caribbean Cream fell 5 cents with 9,000 shares changing hands at $4.95, Derrimon Trading dipped 30 cents while trading 400 units to close at $4.50, Honey Bun closed at a new 52 weeks’ high of $22, after rising $1.50, with 19,637 shares trading. Iron Rock Insurance traded 2,725 shares at $3.40, JM Trdng Sht-13-5-16Jamaican Teas traded 612 shares and fell 25 cents to end at $3.55, Jetcon Corporation traded 60,000 units to close at $3, Key Insurance lost 17 cents in trading 3,000 shares and closed at $2.50. Knutsford Express gained $1 to close with 6,200 shares trading at $18, Lasco Distributors closed with 42,370 units trading with the price rising 4 cents to close at $7.65, Lasco Financial closed at $3.50 with 15,715 shares changing hands. Lasco Manufacturing closed at $4.76 with 21,890 shares trading, to gain 1 cent and tTech closed with 1,470 units at $4.50.

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Grace climbs following Q1 profit – Friday

May 13, 2016 by

Grace Kennedy closed at a 52 weeks' high on Friday after releasing jump in profits on Thursday.

Grace Kennedy closed at a 52 weeks’ high on Friday after releasing jump in profits on Thursday.

Grace Kennedy climbed to a 52 weeks’ closing high of $87 but closed with a gain of $1.51 at $85.51 with 18,308 shares changing hands after it traded at $87 earlier in the day. The company reported a big jump in earnings for the March 2016 quarter of 153 percent after strong growth in most divisional profit and investors are quietly buying into the fortunes with selling down to just two offers amounting to 4,700 shares.
Trading on the Jamaica Stock Exchange in the main market on Friday was saw low volumes changing hands, but the market closed with less active selling than before the reading of the budget, on Thursday by the Minister of Finance.
The market closed with 35 securities changed hands, accounting for 7,118,990 units valued at $65,679,792, in all market segments. The junior market had only 193,019 shares traded, valued at $1,341,812. Investors pushed the price of 12 stocks in the overall market up, 8 were pushed down, including 3 stocks rising and 6 declining, from the junior market.
JSE Sum-13-5-16The JSE Market Index declined 19.98 points to end at 151,766.65. The all Jamaica Composite Index fell 22.35 points to close at 168,562.31 and the JSE combined index rose 64.63 points, to close at 163,186.81.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 9 stocks with bids higher than their last selling prices and 2 with lower offers.
At the end of market activities, Berger Paints traded 13,000 shares to close at $4.25, Cable & Wireless closed at $1.49 after trading 483,787 units, Caribbean Cement traded 28,865 shares to close at $25. Carreras traded 96,066 shares and rose by $1 to $64, this after the Finance Minister announced increased taxes on, in his budget presentation. Jamaica Broilers ended at $14.50 while trading 7,734 shares with a loss of 5 cents. Kingston Wharves climbed 15 cents in trading 252,745 shares to close at $11.80. Mayberry Investments fell 21 cents with 50,000 shares trading to close at $3.99, National Commercial Bank traded 17,700 shares, to close at $39.75. Pan Jamaican Investment closed trading at $120 with 311,591 shares changing hands, in response to the company’s announced a 5 for 1 stock split. JSE MM fn qts 13-5-16There are only two offers on the board at the end of trading to sell between $130 and $150. Radio Jamaica traded 330,850 shares at $1.10, Sagicor Group ended with 236,769 shares changing hands and rose 50 cents to end at $23, Scotia Group closed at $30.01 while 155,668 units changed hands after falling 99 cents, Supreme Ventures closed at $5.47 with 6,641 shares changing hands after rising 21 cents. Proven Investments traded 9,200 shares at 17.50 US cents, JMMB 6% US dollar preference share gained 4 cents to end at US$1.09 while 21,200 units changed hands and JMMB 7.5% preference share ended with 4,878,670 units trading at $1.05.

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