National Commercial Bank (NCB) moved up to a new record high of $63.20 in early trading but pulled back to $61.10 and Kingston Wharves climbed back by $1 to $34 to help push the main market to a new record in the morning session on the Jamaica Stock Exchange on Tuesday.
National Commercial Bank traded 173,149 in its record run fueled by strong profit gains for the December quarter. JMMB Group moved to new high of $17 with 118,404 share, Jamaica Producers traded 149,756 shares at a record $15 and PanJam Investment traded 89,558 units at a new high of $31.
All major markets indices hit new records during the morning session but with moderate trading taking place. The all Jamaica Composite Index jumped 1,379.90 points to 231,432.96 the Jamaica Stock Exchange Market Index gained 1,233.88 points to 211,316.76, the Jamaica Stock Exchange combined index rose 978.50 points to 224,896.06 and the junior market index lost 16.12 points to 2,815.52.
Securities changing hands, amount to 29 at 10:45 am compared to 27 trading on Monday. A total of 11 securities advanced and 12 declined, resulting in a volume of 1,030,585 shares changing hands, carrying a value of $23,500,885, versus 880,842 shares changing hands, carrying a value of $12,045,282, the average trade for the early session amounted to 35,537 units, compared to 29,957 shares previously.
JSE majors hit new high again
Juniors inching forward to new highs
The market closed with 17 stocks with bids higher than their last sale and 2 with lower offers than the last sale, signalling a continuation of gains ahead.
The market ended with very low volume of stocks changing hands, ending at 426,481 units valued at $2,702,243 passing through the market, compared to 204,282 units valued at $1,106,948, on Friday.
An average of 26,655 units with an average value of $168,890 traded, compared to 11,349 units with an average value of $61,497 on the previous trading day. The average for the month to date is 169,586 units with an average value of $900,610 versus 177,108 units with an average value of $939,121 for the preceding trading day. The average for December, ended at 131,147 units, with an average value of $672,488.
At the close of trading, AMG Packaging gained 10 cents to close at $20.10 with 145 units changing hands, Blue Power closed with 100 units changing hands at $40.40, Cargo Handlers end at $20.50, after 25,100 shares were traded. Caribbean Cream exchanged 8,167 shares and rose 6 cents, to close at $7.36, Caribbean Flavours put through 67,011 units and gained $1, to end at $9.50, Consolidated Bakeries rose just 1 cent in trading 11,900 shares to close at new closing high of $3.01. General Accident fell 10 cents at the close of trading, with 4,495 shares at $3, Honey Bun climbed 60 cents and closed with 75,936 shares changing hands at $6.90, Jamaican Teas traded 300 shares to close at a 52 weeks’ high of $9.50 after rising by 90 cents. Jetcon Corporation closed trading with 75,936 shares, to end with a gain of 32 cents to $10.42. KLE Group gained 1 cent and ended with 95,562 units changing hands at $2.50, Lasco Distributors ended trading with 8,000 units changing hands to end at $7 after falling 30 cents. Lasco Financial had 18,648 shares changing hands and rose 5 cents to end at $4, Lasco Manufacturing with 5,997 units changing hands and closed with a gain of 5 cents at $5.20, Paramount Trading closed with a loss of 12 cents at $3.10 with 67,618 shares changing hands and tTech closed trading with 15,948 units changing hands to end at a record $6.90.
Sharp jump for JSE stock index
National Commercial Bank (NCB) moved up to a new record high of $60 and Jamaica Producers climbed to a new high of $13 helping to push the main market sharply upwards with the all Jamaica composite Index well over the 230,000 points level.
National Commercial Bank moved up to a new record high of $59 and Jamaica Producers traded just 4,554 units and had no stock on offer while NCB which started trading at $58.20 and rose to $60 but fell back $57 with 56,500 shares trading with the bid back at $59, NCB has only one offer posted to sell 10,000 units at $63.20, Sagicor Group traded 112,753 shares at $30, but now has no stock on offer. Seprod has not traded but has no stock on offer with the bid at $30.
All major markets indices hit new records during the morning session but with moderate trading taking place. The all Jamaica Composite Index jumped 4,740.24 points to 230,861.73 the Jamaica Stock Exchange Market Index leapt 3,933.07 points to 210,805.97, the Jamaica Stock Exchange combined index surged 4,238.60 points to 224,566.64 and the junior market index inched 0.26 points to 2,829.55.
Securities changing hands, amount to 27 at 10:45 am compared to 28 trading on Friday. A total of 12 securities advanced and 7 declined, resulting in a volume of 880,842 shares changing hands, carrying a value of $12,045,282, versus 554,414 shares changing hands, carrying a value of $6,229,690, the average trade for the early session amounted to 29,957 units, compared to 19,801 shares previously.
Juniors climb to 2,829 points on Friday
The market ended with very low volume of stocks changing hands, ending at 204,282 units valued at $1,106,948 passing through the market, compared to 542,606 units valued at $3,545,918, on Thursday.
An average of a mere 11,349 units with an average value of $61,497 traded, compared to 33,913 units with an average value of $221,620 2 on the previous trading day. The average for the month to date is 177,108 units with an average value of $939,121 versus 186,317 units with an average value of $987,878 for the preceding trading day. The average for December, ended at 131,147 units, with an average value of $672,488.
The market closed with 12 stocks with bids higher than their last sale and 1 with a lower offer than the last sale.
At the close of trading, investors pushed Access Financial $2.20 to close at a 52 weeks’ high of $27.50 with 140 units changing hands, Blue Power closed with 500 units changing hands at $40.40, CAC 2000 traded 100 shares and gained 39 cents to end at $6.40, Cargo Handlers end at $20.50, after 3,679 shares were traded. Caribbean Flavours pushed through 6,647 units and lost $1.50 to end at $8.50, Caribbean Producers exchanged 4,000 shares but fell 15 cents to $4, Consolidated Bakeries rose 35 cents in trading 13,761 shares to close at $3, Dolphin Cove ended at $14 with 1,110 shares trading to gain 50 cents. General Accident gained 10 cents at the close of trading, with 34,160 shares at $3.10, Honey Bun shed 35 cents and closed with 19,174 shares changed hands at $6.30, Jetcon Corporation closed trading with just 650 shares, to end with a gain of 56 cents to $10.10. KLE Group ended with 8,200 units changing hands at $2.49, Lasco Distributors ended trading with 16,985 units changing hands to end at $7.30. Lasco Financial had 45,650 shares changing hands and rose 15 cents to end at $3.95, Lasco Manufacturing with 3,240 units changing hands and closed with a gain of 5 cents at $5.15, Medical Disposables gained 30 cents to end at a 52 weeks’ high of $6.20 with 2,850 shares trading. Paramount Trading closed with a gain of 2 cents at $3.22 with 2,500 shares changing hands and tTech closed trading with 40,936 units changing hands to end at a record $6.90.
NCB pushes all Jamaica by 2,600 points
On the back of a strong 49 percent jump in first quarter profits to December last year to $3.56 billion, National Commercial Bank rose to $55 and helped pushed the all Jamaica Composite Index over the 218,000 points level in the first half an hour of trading on Friday and more than 219,600 by 10:45.
By the cut off of this report, the stock hit a new high of $26.98 with 18,574 shares trading. Jamaica Producers jumped to $12.50, a new high with 2,773 and Access Financial traded at $27.50 for a new high.
All major markets indices hit new records during the morning session but with moderate trading taking place. The all Jamaica Composite Index jumped 2,607.52 points to 219,646.41 the Jamaica Stock Exchange Market Index leapt 2,331.57 points to 200,777.50, the Jamaica Stock Exchange combined index surged 2,504.69 points to 215,422.02 and the junior market index climbed 33.33 points to 2,844.60. By 11:17 am the all Jamaican Index pushed over the 220,146.59 rising by 3,091.13 points and 201,209.93 Jamaica Stock Exchange Market Index.
Securities changing hands, amount to 28 at 10:45 am as a total of 13 advanced and 12 declined, resulting in a volume of 554,414 shares changing hands, carrying a value of $6,229,690. The average trade for the early session amounted to just 19,801 units.
Juniors crawl to a new record
The market trading ended with 16 securities trading versus 19 on Wednesday, with 3 closing at 52 weeks’ high. The volume of stocks changing hands, ended at 542,606 units valued at $3,545,918, compared to 6,155,150 units valued at $25,573,851, on Wednesday.
An average of 33,913 units with an average value of $221,620 traded, compared to 323,955 units with an average value of $1,345,992 on the previous trading day. The average for the month to date is 186,317 units with an average value of $987,878 versus 195,282 units with an average value of $1,013,387 for the preceding trading day. The average for December, ended at 131,147 units, with an average of $672,488.
The market closed with 12 stocks with bids higher than their last sale and 2 with lower offers than the last sale.
At the close of trading, investors slashed $2.60 off the price of AMG Packaging to close at $20 with 18,888 units changing hands, Cargo Handlers shed 35 cents to end at $20.50, after 1,445 shares were traded, Caribbean Flavours pushed through 1,142 units to end at $10. Caribbean Producers exchanged 126,334 shares but fell 15 cents to $4, General Accident gained 10 cents at the close of trading, with 70,443 shares at $3, Honey Bun closed with 10,502 shares having changed hands at $6.65, Jamaican Teas rose 60 cents to end at record high of $8.60 with 1,000 shares having passed through the market. Jetcon Corporation closed trading with 128,963 shares, to end with a fall of 76 cents to $9.54, KLE Group ended with 100 units changing hands at $2.49, Lasco Distributors ended trading with 73,952 units changing hands to end at $7.30. Lasco Financial had 28,397 shares changing hands to end at $3.80, Lasco Manufacturing with 44,145 units changing hands, closed with a fall of 10 cents at $5.10, Medical Disposables gained 35 cents to end at a 52 weeks’ high of $5.90 with 100 shares trading. Paramount Trading closed at $3.20 with 12,800 shares changing hands, tTech closed trading with 20,000 units changing hands and gained 89 cents to end at a record $6.90 and Derrimon preference share, rose 12 cents to close at $2.12 as 4,395 units passed through the market.
New record close for JSE majors
The high levels of trading above the $220 million market seen in the market for the previous 5 trading days ended on Thursday with less than $100 million of trading. At the close, 3,687,829 units valued at $80,933,897 changed hands, compared to 13,315,100 units valued at $237,592,401 changing hands on Wednesday. Of the stocks traded, the junior market accounted for 542,606 units valued at $3,545,918.
The market closed with 43 securities changing hands, with 16 stocks rising and falling in the overall market, including 6 stocks rising and 5 falling, in the junior market. A total of 8 securities ended at new 52 weeks’ closing highs.
At the close the All Jamaica Composite Index gained 1,486.31 points to close at 217,038.89. The JSE Market Index rose 1,268.01 points to finish at 198,445.93 and the JSE combined index climbed 1,077.42 points to close at 212,917.33.
The average trade for the day in the main market ended at 116,490 shares compared to an average of 275,383 units traded on Wednesday. An average of 291,945 units traded for the month to date, versus 467,399 units on the previous trading day. The average for the month of December ended at 549,379 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 21 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Berger Paints jumped $1, pushing the price to a new closing high at $10.50 while trading 123,265 shares, Cable and Wireless ended with 626,427 units at $1.18, after losing 7 cents, Caribbean Cement surged $3 in trading 865,850 shares to close at 52 weeks’ high of $36.50. Carreras closed at $66.70 with 27,280 shares changing hands, 1834 Investments traded 62,439 units at $1.30, Grace Kennedy had 50,652 units trading to close at $40.65, after gaining 15 cents, Jamaica Broilers lost 2 cents and closed at $15 with 21,213 shares changing hands. Jamaica Producers traded 250,000 shares after losing 30 cents to end $11.50, Jamaica Stock Exchange lost 10 cents to close at $5.50, having traded 51,865 shares, JMMB Group traded 114,080 units at $15.50, gaining 15 cents, Kingston Wharves ended up trading just 600 units and adding 26 cents to close at $27.75. Mayberry Investments traded 36,000 shares with gains of 75 cents, to close at $5, National Commercial Bank lost 58 cents to close at $52.02 after swapping 519,708 shares, Pan Jamaican gained 35 cents and closed at $30 with 26,688 units traded, Portland JSX closed at $9 after falling by 50 cents while trading 7,079 units. Pulse Investments traded 45,950 units, gaining 35 cents to close at a 52 weeks’ high of $5.30, Radio Jamaica lost 5 cents, closing at $1.35 with 15,200 shares traded, Sagicor Group closed with 49,810 shares changing hands with a gain of 96 cents to $30. Sagicor Real Estate fund traded 20,400 units and closed at $9.50, Scotia Group, with 118,490 shares changing hands lost 89 cents to close at $36.11. Scotia Investments traded 28,694 units, gaining 99 cents to close at $33.49, Supreme Ventures lost 11 cents in trading 10,500 shares to close at $5.10 and Proven Investments traded 67,260 ordinary shares to close at 23 US cents.