Trading on Jamaica Stock Exchange early Wednesday is slow with only a few trades of meaningful size as the indices gave up some gains over the past two days.
Meaningful volumes came from penny stocks Cable & Wireless with 113,022 units at $1 and 1834 Investments with 159,400 shares at $1.25 followed by Jamaica Stock Exchange with 55,577 units at $27.15, National Commercial Bank with 401,780 shares at $39.99 and Proven Investments with 389,000 units at US 19.9 cents.
At 10:45 am 23 securities traded, resulting in a volume of 1,182,572 shares carrying a value of $29,395,598 changing hands down from 1,835,382 units on Tuesday. The average number of shares traded amounts to 51,416 units compared to 63,289 units on Tuesday. The number of stocks falling are 7 while the prices of 6 securities rose as the market continues to consolidate with no new major developments or news to move prices in one direction or the other.
The all Jamaica Composite Index dropped 857.51 points to 177,086.72 the Jamaica Stock Exchange Market Indexdeclined 766.77 points to 159,388.78, the Jamaica Stock Exchange combined index lost 919.05 points to close at 170,541.08 and the junior market index slipped 20.25 points to 2,212.09.
JSE trades down early Wednesday
September 7, 2016 by
7 junior stocks up 5 down – Tuesday
September 6, 2016 by
tTech closed at $5 on Tuesday with the highest volume traded.
The market closed with 1,397,863 units trading, 13 percent more than on Monday, but the value traded fell 24 percent from Monday, with $6,429,584 changing hands on Tuesday. Trading in the junior market resulted in 7 stocks rising, down from 8 on Monday, while 5 declined up from only 1 on Monday out of 14 securities that traded.
Trading ended with 5 securities closing with bids higher than their last selling prices and 3 ending with lower offers.At the close, AMG Packaging ended at $14.55, with 1,900 units changing hands, Caribbean Cream lost 50 cents to close with 78,131 shares changing hands at $7.50, at the close there was only three offers to sell 16,000 shares between $8 and $9.50. Caribbean Flavours traded 32,000 units to end at $8.50 with a rise of 74 cents, leaving two offers for 24,000 units between $8.50 and $9.59, Caribbean Producers had just 2,165 units changing hands, to close with a gain of 20 cents at $3.20. Consolidated Bakeries traded 16,560 shares and gained 5 cents to close at $2.40, C2W Music traded 20,000 units and was down 3 cents to a new low of 17 cents,
Honey Bun traded 25,000 units at $5.50 after rising 20 cents, Iron Rock Insurance rose 1 cent, in trading 5,000 units to close at $3.19. Jetcon Corporation ended with 399,800 shares trading with a gain of 30 cents to end at $3.20, at the close there was only one offer to sell at $4.80 but bids are not strong with 152,000 units from $2.80 to $3.01. Knutsford Express closed with 1,007 units changing hands to end at $25, but had only 248 shares on offer at the close at $29.50, Lasco Distributors ended with 11,702 shares changing hands with a loss of 10 cents at $6.60, Lasco Financial ended with 29,623 shares changing hands at $3.25, for a fall of 28 cents. Lasco Manufacturing fell 20 cents and closed at $4.65 with 71,642 shares trading and tTech jumped by 50 cents in trading 703,333 shares at $5. Trading removed almost all of the supply leaving only 26,000 units on offer at the close for the technology stock.
JSE stocks rise again – Tuesday
September 6, 2016 by
JSE stock jumped to $29.50 during trading.
At the close of trading, the JSE Market Index rose 231.36 points to end at 160,155.55. The all Jamaica Composite Index gained 258.74 points to close at 177,944.23 and the JSE combined index climbed 596.35 points, to end at 171,460.13.
At the close of the market prices of 14 securities gained out of a total of 36 that traded, with 12 declining in the overall market, including 7 stocks rising and 5 falling, in the junior market.
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 4 with lower offers, suggesting continued fluidity in price movements ahead.In market activity, Berger Paints traded 109,400 shares at $5, Cable & Wireless traded 644,622 shares and closed at $1, Caribbean Cement traded 20,120 shares to end at $25.50, Carreras traded 6,907 shares and fell 6 cents to close at $66.44. Grace Kennedy dropped $1 to end at $42, with 38,441 shares changing hands. Jamaica Broilers had 5,400 shares changing hands, to end with a gain of 8 cents at $14.60, Jamaica Producers ended at $8.50 with 9,360 units trading, after rising by 10 cents, Jamaica Stock Exchange gained 42 cents with 28,280 units changing hands, to a 52 weeks’ closing high of $27.82. The stock traded at new all-time high during the morning session at $29.50, as investors continue to react positively to the announcement of a likely stock split,
JMMB Group traded 300 units at $9.90. Kingston Wharves traded 29,130 shares and rose 5 cents, to close at $17.55, Margaritaville Turks traded 2,710 shares to close at 21 US cents, National Commercial Bank had 19,809 units changing hands and fell 50 cents, to close at $40, Pan Jamaican Investments climbed 50 cents and closed at $24.50 after trading 7,218 shares. Radio Jamaica lost 2 cents to close at $1.48 with 33,698 shares trading, Sagicor Group lost 20 cents with 100,116 shares changing hands at $22.20, Sagicor Real Estate Fund traded 42,100 shares and rose 5 cents to close at $10.20. Scotia Group added 40 cents to close at $30.10 with 31,800 shares changing hands. Scotia Investments had 4,988 units changing hands at $26, Seprod traded 6,500 units to close at $20.50 and Jamaica Money Market Brokers 7.50% lost 1 cent in trading 108,741 units at $2.09.
$29.50 new high for JSE early Tuesday
September 6, 2016 by
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Jamaica Stock Exchange traded 1,400 at a new high of $29.50 up $2.10, following the high it reached in early trading Monday of $28, 
Jetcon Corporation traded 399,800 units at $3.20, after rising 30 cents, tTech jumped 50 cents while it traded 503,333 shares at $5 and Cable & Wireless had 524,622 units trading at $1. Gains in prices moved the market indices much higher than at the close on Monday.
At 10:45 am 29 securities traded, including C2W Music that traded at a new all-time low of 17 cents as investors continue to bail out of the stock, following a history of continued poor results and depletion of capital. Trading resulted in a volume of 1,835,382 shares changing hands. The average number of shares traded amounts to 63,289 units compared to 36,243 units on Monday. The number of stocks falling amounts to 5 while the prices of 11 securities rose as the market continues to consolidate with no new major developments or news to move prices in one direction or the other.
The all Jamaica Composite Index jumped 1,250.51 points to 178,936.00 the Jamaica Stock Exchange Market Index climbed 1,118.18 points to 161,042.37, the Jamaica Stock Exchange combined index gained 1,415.46 points to close at 172,279.24 and the junior market index up 36.86 points to 2,232.00.
JSE stocks rise – Monday
September 5, 2016 by
Sterling Investments closed at a new high on Monday
Price movement on the Jamaica Stock Exchange mostly rose on Monday pulling the market indices along with it. Trading levels fell sharply with just 2,234,793 units valued at $29,276,443 well off from the 7,432,213 units valued at $206,556,569 changing hands on Friday’s. The junior market accounted for 1,236,624 units valued at $8,459,914 on Monday.
At the close of trading, the JSE Market Index rose 127.23 points to end at 159,924.19. The all Jamaica Composite Index gained by 142.29 points to close at 177,685.49 and the JSE combined index climbed 305.41 points, to end at 170,863.78.
At the close of the market prices of 15 securities gained out of a total of 36 that traded, with 9 declining in the overall market, including 8 stocks rising and 1 falling, in the junior market.
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 7 with lower offers, suggesting continued fluidity in price movements ahead.In market activity, Cable & Wireless traded 179,535 shares and closed 3 cents down to $1, Caribbean Cement traded 1,500 shares but fell back 99 cents to close at $25.50, Carreras traded 1,593 shares and jumped by $1.99 to close at $66.50. Grace Kennedy dropped 60 cents to end at $43, with 17,684 shares changing hands. Jamaica Broilers had 40,850 shares changing hands, to end with a fall of 38 cents at $14.52. Jamaica Producers ended at $8.40 with 19,850 units trading, Jamaica Stock Exchange closed with 87,620 units changing hands to close at $27.40, after trading at new all-time high during the morning session at $28. Investors have been reacting positively to the announcement of a meeting later in September to consider a stock split and driving the
JSE stock up from $21.50 before the announcement. JMMB Group fell 10 cents in trading 2,896 units at $9.90.Kingston Wharves traded 66,886 shares, to close at $17.50, Margaritaville Turks traded 348,738 shares to close at 21 US cents, after trading earlier at an intraday high of 23.95 US cents, Mayberry Investments ended with 28,812 shares trading, to close with a gain of 2 cents at $3.30.
National Commercial Bank had 14,983 units changing hands and gained 50 cents to close at $40.50, Pan Jamaican Investments dipped 50 cents and closed at $24, after trading 6,975 shares, Sagicor Group rose 39 cents with 8,426 shares changing hands at $22.40, Scotia Group dropped $1.69 to close at $29.70 with 9,201 shares changing hands. Scotia Investments had 10,826 units changing hands at $26, Seprod climbed $1, in trading 88,000 units to close at $20.50, Sterling Investments closed at a new high of $14.15 while trading 4,000 shares, with a rise of $1.15, Supreme Ventures ended with 4,000 units changing hands at $4.81 and Proven Investments gained 1 US cent, to close at 19.90 US cents.
8 junior stocks rise 1 fall – Monday
September 5, 2016 by
C2W falls to a new low on the JSE on Tuesday.
At the end of trading only 8 stocks rose up from 7 on Friday, while only 1 declined down from 3 on Friday out of 13 securities that traded. The market closed with 1,236,624 units trading, 11 percent less than on Friday,
as the valued traded is 31 percent more than on Friday, with $8,459,914 changing hands on Monday. Trading ended with 5 securities closing with bids higher than their last selling prices and 3 ending with lower offers.At the close, Access Financial end trading with 1,552 units at $17.50, AMG Packaging closed with a gain of 85 cents to end at $14.55, with 17,100 units changing hands, Caribbean Cream climbed 75 cents to close with 683,250 shares changing hands at $8. Caribbean Flavours traded 22,558 units to end at $7.76 with a rise of 56 cents, Caribbean Producers had just 170 units changing hands, to close at $3, Consolidated Bakeries traded 2,800 shares and gained 15 cents to close at $2.35.
C2W Music traded 100,000 units and was down 4 cents to a new low of 20 cents, General Accident traded 18,500 units at $2.09 after rising 4 cents, Jamaican Teas ended with 1,495 shares trading with a gain of 43 cents to end at $3.63. Lasco Distributors ended with 370,871 shares changing hands at up to $6.70, after trading earlier in the day at $6.50, Lasco Financial ended with 7,000 shares changing hands at $3.53, for a rise of 3 cents. Lasco Manufacturing rose 44 cents and closed at $4.85 with 9,800 shares trading and Medical Disposables traded 1,528 shares. At $3.55.
New high for Margaritaville in early session – Monday
September 5, 2016 by
Margaritaville Turks traded 339,428 at a new high of 23.95 US cents and gained 2.95 cents in the process In early morning trading on the Jamaica Stock Exchange, at 10:45 Am, there were no stock being offered for sale. Trading activity generally has been light in early trading with most prices inching up.
Demand came in for Seprod as the price climbed $1.50 with 88,000 shares trading at $20.50 and Scotia Group dropped $1.39 to $30. In the junior market AMG Packaging rose 85 cents with 17,100 units changing hands up to $14.55 while Lasco Distributors fell 20 cents with 166,700 shares trading at $6.50. C2W Music traded down 4 cents to a new low of 20 cents with 100,000 shares.
At 10:45 am 27 securities traded, resulting in a volume of 1,014,803 shares changing hands. The average number of shares traded amounts to 36,243 units compared to 59,281 units on Friday. The number of stocks falling so far amounts to 6 while the prices of 12 securities rose as the market continues to consolidate with no new major developments or news to move prices in one direction or the other.
The all Jamaica Composite Index rose 223.47 points to 177,766.67 the Jamaica Stock Exchange Market Index climbed 199.82 points to 159,996.78, the Jamaica Stock Exchange combined index gained 317.79 points to close at 170,876.16 and the junior market index up 12.90 points to 2,189.78.
JSE down but 20 stocks up – Friday
September 2, 2016 by
JSE traded at a new high on Friday after jumping $3.30 to $27.40.
At the close of trading, the JSE Market Index dropped 510.77 points to end at 159,796.96. The all Jamaica Composite Index declined by 571.22 points to close at 177,543.20 and the JSE combined index dropped 516.18 points, to end at 170,558.37.
At the close of the market prices of 20 securities gained out of a total of 42 that traded, with 11 declining in the overall market, including 7 stocks rising and 3 falling, in the junior market.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 7 with lower offers, suggesting continued fluidity in price movements ahead on Monday.
In market activity, Cable & Wireless traded just 413,340 shares and closed 3 cents down to $1.03, Caribbean Cement traded 5,000 shares and rose 99 cents to close at $26.49, Carreras traded 1,049,855 shares and dropped by $1 to close at $64.51. Trading in 1834 Investments shares resulted in 75,134 units changing hands as the price rose 5 cents to $1.25, Grace Kennedy gained 10 cents to end at $43.60, with 51,683 shares changing hands. Jamaica Broilers had 13,000 shares changing hands, to end with a rise of 25 cents at $14.90. Jamaica Producers gained 5 cents to end at $8.40 with 2,500 units trading, Jamaica Stock Exchange jumped $3.30 with 4,608 units changing hands to close at a new all-time high of $27.40, following the announcement of a meeting later in September to consider a stock split. JMMB Group traded 7,900 units at $10. Kingston Wharves traded 67,521 shares to close at $17.50,after rising by 49 cents,
Margaritaville Turks traded 360,272 shares to close at 21 US cents after rising by a cent, Mayberry Investments ended with 23,766 shares trading, to close at $3.28, National Commercial Bank had 153,550 units changing hands but dropped 50 cents to close at $40. Pan Jamaican Investments jumped $1 and closed at $24.50, after trading 12,219 shares, Portland JSX traded 59,400 shares to close at $11, Pulse Investments traded 8,000 shares with a fall of 55 cents to close at $3.20, Sagicor Group fell by just 1 cent with 86,390 shares changing hands at $22.01. Scotia Group jumped $1.39 to close at $31.39 with 3,555,100 shares changing hands, Seprod dropped $1.50 in trading 23,200 units to close at $19.50, Supreme Ventures lost 17 cents with 21,636 units changing hands at $4.81 and JMMB Group 7.5% preference share traded 24,333 units to close at $2.10.
7 junior stocks rise – Friday
September 2, 2016 by
ISP Finance traded at a new high of $6 on Friday
The Junior market closed on Friday with a fall of just 4.13 points in the market index, to close at 2,176.88 as the market continues in consolidation mood but as Cargo Handlers jumped $5.99 to a new high of $82, with 915 shares changing hands, to record gains of 116 percent for the year to date. ISP Finance jumped 78 cents and gained 200 percent since listing in March, to close at a new high of $6 while trading 22,082 shares.
At the end of trading only 7 stock rose up from 1 on Thursday and 3 declined down from 8 on Thursday out of 15 securities that traded on Friday.
The market closed with 1,387,475 units trading, 76 percent less than on Thursday, valued 60 percent less than on Thursday with $6,454,746 changing hands on Friday. Trading ended with 8 securities closing with bids higher than their last selling prices and 2 ending with lower offers.At the close, AMG Packaging closed with a gain of 14 cents at $13.70 with 1,750 units changing hands, Blue Power closed with 1,789 units changing hands at $20, Caribbean Cream closed with 92,693 shares changing hands and rose 24 cents to $7.25, after trading as high as $7.95. Caribbean Producers had 187,080 units changing hands, to close with a rise of 3 cents, at $3, Consolidated Bakeries traded 16,455 shares to close at $2.20.
Dolphin Cove traded 2,105 units at $15 after falling 20 cents, Honey Bun closed with 26,817 shares changing hands at $5.30, Knutsford Express traded 33,650 shares to close at $25, Lasco Distributors fell 20 cents to end with 24,854 shares changing hands at $6.70, Lasco Financial ended with 552,729 shares changing hands at $3.50, after rising 15 cents. Lasco Manufacturing lost 16 cents and closed at $4.41 with 409,706 shares trading, Medical Disposables traded 12,130 shares with the price gaining 35 cents to close at $3.55 and Sweet River had 2,000 shares trading to end at $3.85.
JSE closes slightly down on Thursday
September 1, 2016 by
The JSE stock jumped $2.60 after news broke that a stock split is to be considered by the directors in September.
At the close of trading, the JSE Market Index fell 79.84 points to end at 160,307.73. The all Jamaica Composite Index declined 89.28 points to close at 178,114.42 and the JSE combined index dropped 442.66 points, to end at 171,074.55.
At the close of the market prices of 11 securities gained out of a total of 39 that traded, with 18 declining in the overall market, including only 1 stock rising and 8 falling, in the junior market.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 4 with lower offers.
In market activity, Cable & Wireless traded just 7,254 shares and closed 4 cents down to $1.06, Caribbean Cement traded 26,011 shares to fall 99 cents and closed at $25.50, Carreras traded 113,782 shares and inched higher by 1 cent to close at $65.51. Trading in 1834 Investments shares resulted in 152,042 units trading with a fall of 10 cents to $1.20, Grace Kennedy lost 5 cents to end at $43.50, with 233,174 shares changing hands. Jamaica Broilers had 8,880 shares changing hands, to end with a rise of 13 cents at $14.65. Jamaica Producers fell 15 cents to end at $8.35 with 574,462 units trading, Jamaica Stock Exchange jumped $2.34 with 38,341 units changing hands to close at $24.10, following the announcement of a meeting later in September to consider a stock split. JMMB Group traded 1,900 units at $10.
Kingston Wharves traded 97,624 shares to close at $17.01, Margaritaville Turks traded 237,000 shares to close at 20 US cents after falling by a cent, Mayberry Investments ended with 10,500 shares trading to close at $3.28, National Commercial Bank had 35,171 units changing hands but gained 1 cent to close at $40.50. Pan Jamaican Investments closed at $23.50, after trading 5,600 shares, Radio Jamaica lost 10 cents in trading 135,591 shares, to end at $1.50, Sagicor Group fell by 28 cents with 172,060 shares changing hands at $22.02, Sagicor Real Estate Fund rose 5 cents in trading 14,140 shares, to close at $10.20. Scotia Group lost 40 cents to close at $30 with 2,695,006 shares changing hands, Seprod climbed $1 in trading 2,300 units to close at $21, Supreme Ventures gained 18 cents with 24,950 units changing hands at $4.98 and JMMB Group 6% preference share traded 10,000 units to close at US$1.10 after rising 1 cent.
