A fall of $4.98 in the price of National Commercial Bank (NCB) to $61.01 was not enough to do much damage to the main market indices in the morning session on Thursday, as a number of other stocks hit 52 weeks’ highs in trading.
Stocks trading at new highs include Jamaica Producers at $16.50, Mayberry Investments at $5.97, Scotia Group at $41, PanJam Investment at $34 and Sagicor Group at $33 and in the junior market Blue Power Group at $41, Consolidated Bakeries at $3.60 and in the US market Margaritaville Turks hit 29 US cents and Proven Investments at 25 US cents.
All major markets indices hit new records during the morning session but with moderate trading taking place. The all Jamaica Composite Index raced 3,590.01 points to 239,523.12 the Jamaica Stock Exchange Market Index surged 3,210.11 points to 218,550.79, the Jamaica Stock Exchange combined index jumped 3,189.0 points to 232,324.56 and the junior market index jumped 20.67 points to 2,885.60.
Securities changing hands, amount to 37 at 10:45 am compared to 39 trading on Wednesday at 10:15am. A total of 21 securities advanced and 6 declined, resulting in a volume of 2,909,426 shares changing hands, carrying a value of $46,637,055, versus 873,317 shares changing hands, carrying a value of $11,028,042,, the average trade for the early session amounted to 78,633 units, compared to 22,393 shares previously.
Jamaican stocks in record climb
NCB & Scotia push Jamaican stocks hard
NCB jumped to a record high of $65 during trading on Wednesday.
Overall market activity, ended with 22 stocks rising and 14 falling, including 12 stocks rising and 2 falling, in the junior market. At the close 4 securities ended at new 52 weeks’ closing highs and 6 trading at an intraday high while one traded, at an intraday 52 weeks’ low.
All major market indices jumped sharply, with the all All Jamaica Composite Index surging 3,907.49 points to close at 235,933.11, the JSE Market Index climbed sharply by 3,493.98 points to finish at 215,340.68 and the JSE combined index jumped 3,495.03 points, to close at 229,135.36. The movement of the main market, for the year to date, resulted to gains of 12.3 percent, for the all Jamaica Composite Index.
At the close, 10,945,066 units valued at $162,330,186 changed hands, compared to 15,833,084 units valued at $518,190,757 changing hands on Tuesday. Of the stocks traded, the junior market accounted for 2,831,925 units valued at $14,341,956.
The average trade for the day in the main market ended at 279,763 shares compared to an average of 384,180 units on Tuesday. January ended with an average of 592,602 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 17 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Barita Investments gained 50 cents to close at $6.50 with 47,891 units changing hands, Berger Paints declined 45 cents and closing at $11.05 after trading 26,638 shares, Cable and Wireless lost 4 cents trading 513,643 units at $1.15, Caribbean Cement closed at $33.02 with an exchange of 26,700 shares. Carreras closed lower at $62.50, losing $4.25 with 569,635 units changing hands, the stock traded at a 52 weeks’ low of $60, earlier in the day, 1834 Investments lost 5 cents to close at $1.45 after trading 26,648 shares, Grace Kennedy had 18,034 units trading at $40, for a loss of 50 cents. Jamaica Broilers lost 10 cents to close at $15.30 with 78,129 shares changing hands, Jamaica Producers traded 51,690 shares, rising $1.50 to end at a 52 weeks’ closing high of $15, Jamaica Stock Exchange closed at $5.60 trading 573,360 shares, JMMB Group closed at $16.89, with a loss of 1 cent as 129,066 units traded. Kingston Wharves lost $1, ending at $32.99 and trades of 2,112 units, Margaritaville traded 52,619 shares at 27 US cents, Mayberry Investments gained 35 cents to close at $5.50 with 508,060 shares exchanged, after trading at an intraday high of $5.75, National Commercial Bank rose to a 52 weeks’ closing high of $64.99, after gaining $3.49 and swapping 76,727 shares.
Pan Jamaican lost 50 cents and closed at $30.50 with 20,195 units exchanged, Portland JSX traded 7,500 units with gains of 10 cents to close at $9.10, Pulse Investments gained 5 cents to close at $6 in trading 15,750 units, Radio Jamaica closed at $1.30 with 84,170 shares traded. Sagicor Group closed with 55,950 shares changing hands with a loss of 40 cents at $30.10 after it traded earlier at an intraday high of $31, Sagicor Real Estate fund gained 22 cents, closing at $10.22 and trading 14,328 units, Scotia Group ended trading at $38.61, gaining 61 cents with 771,110 shares changing hands. Scotia traded at an intraday high of $40. Scotia Investments also traded at an intraday 52 weeks’ high of $34.94 but closed trading with 980,950 units while losing $1.02, to close at $32, Sterling Investments closed at $15.60 with trades of 70,850 units, Supreme Ventures gained 20 cents after trading 1,790,979 shares to close at $5.30, Proven Investments traded 500,825 ordinary shares, adding 1 cent to close at a 52 weeks; high of 24 US cents and JMMB Group 7.5% preference share traded 1,090,382 units at $1.10.
Juniors rise with 12 stocks gaining
Consolidated Bakeries closed at a 52 weeks’ high on Wednesday at $3.50..
The market closed with 21 securities traded, 2 more than on Tuesday, with the prices of 12 rising and 2 declining, ending with 2,831,925 units valued at $14,341,956 passing through the market, compared to 1,610,629 units, valued at $10,783,120, on Tuesday. 10 stocks closed with bids higher than their last sale and 2 with lower offers than the last sale.
An average of 134,854 units with an average value of $682,950 traded, compared to 84,770 units with an average value of $567,533 on the previous trading day. The average volume and value for January, ended at 165,547 units and $884,749.
At the close of trading, AMG Packaging rose 90 cents to close at $21 with 1,965 units changing hands, Blue Power closed with 2,000 units changing hands at $40.40, Caribbean Cream exchanged 710,000 shares and fell 24 cents, to close at $7.27, Caribbean Flavours put through 897 units to end at $9.50. Caribbean Producers lost 10 cents in trading 53,025 units at $4.25. Consolidated Bakeries jumped 50 cents in trading 146,122 shares to close at a 52 weeks’ high of $3.50, C2W Music ended 35 cents with 23,480 shares changing hands, General Accident gained 5 cents and closed trading with 148,153 shares at $3.05, but traded at an all-time high of $3.50 earlier in the day. Honey Bun climbed 9 cents and closed with 202,754 shares changing hands at $7, Jamaican Teas traded 20,460 shares to close at $9.15 after rising by 34 cents, Jetcon Corporation closed trading with 53,787 shares, to end with a gain of 26 cents to $9.80. Key Insurance traded 15,000 units to close at a 52 weeks’ high of $3.35, after rising by 35 cents, KLE Group gained 30 cents and ended with 44,700 units changing hands at $2.80, 
Lasco Distributors ended trading with 63,350 units changing hands to end at $7.30. Lasco Financial had 126,647 shares changing hands and gained 8 cents to end at $4, Lasco Manufacturing with 134,019 units changing hands, closed with a gain of 7 cents at $5.13, Medical Disposables gained 20 cents and closed at $6.10 with 20,069 shares changing hands. Paramount Trading closed at $3 with 871,487 shares changing hands, tTech closed trading with 16,010 units changing hands to end at $6.90 after rising 30 cents, Eppley 10% preference share, traded 8,000 units and rose 3 cents to end at $6.03 and Eppley 8.25% preference share, traded 170,000 units to close at $6 after it traded at an all –time high of $6.05.
Huge jump in JSE stock indices
NCB traded at a new high of $65 on Wednesday
Berger Paints traded as high as $12 for a new high as trading opened but pulled back to $10.50, Jamaica Producers traded 4,010 shares at a record $14, up from $13.50 at the close on Tuesday. Consolidated Bakeries traded 126,542 shares at a new high of $3.32 while General Accident Insurance traded at a new 52 weeks’ high of $3.40 with 69,370 and Key Insurance traded 5,000 units at a new high of $3.35.
All major markets indices hit new records during the morning session but with moderate trading taking place. The all Jamaica Composite Index raced 4,291.88 points to 236,317.50 the Jamaica Stock Exchange Market Index surged 3,837.69 points to 215,684.39, the Jamaica Stock Exchange combined index rose 4,023.51 points to 229,663.84 and the junior market index jumped 45.22 points to 2,885.34.Securities changing hands, amount to 39 at 10:15 am compared to 29 trading on Tuesday at 10:45am. A total of 19 securities advanced and 6 declined, resulting in a volume of 873,317 shares changing hands, carrying a value of $11,028,042, versus 1,030,585 shares changing hands, carrying a value of $23,500,885, the average trade for the early session amounted to 22,393 units, compared to 35,537 shares previously.
Stock stampede slows in Jamaica
NCB hits a new high of $63.20 on Tuesday in trading on the JSE.
At the close, 15,833,084 units valued at $518,190,757 changed hands, compared to 12,789,852 units valued at $79,186,131 changing hands on Monday. Of the stocks traded, the junior market accounted for 1,610,629 units valued at $10,783,120.
At the close the all All Jamaica Composite Index rose 1,972.56 points to close at 232,026.62, the JSE Market Index rose 1,763.82 points to finish at 211,846.70 and the JSE combined index climbed 1,722.77 points, to close at 225,640.33.
The movement of the main market in the last 4 trading days, lifted the gains to 10 percent for January, after starting the year with moderate gains of 2.7 percent, up to Wednesday last week.
The market closed with 43 securities changing hands, with 18 stocks rising and 15 falling in the overall market, including 7 stocks rising and 9 falling, in the junior market. At the close 5 securities ended at new 52 weeks’ closing highs.
The average trade for the day in the main market ended at 592,602 shares compared to an average of 384,180 units traded on Monday. For the month to date, an average of 149,740 shares compared to an average of 111,605 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 16 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Barita closed at $6 with gains of 25 cents and 1,000 units changing hands, Berger Paints climbed higher by $1.04 to a 52 weeks’ closing high of $11.50, after trading 40,917 shares, Cable and Wireless lost 1 cent with 4,711,717 units being exchanged at $1.19, Caribbean Cement closed at $33.02, losing 49 cents as 46,128 units traded. Carreras closed at $66.75 with 291,409 units changing hands, 1834 Investments gained 16 cents to close at $1.50 after trading just 1,000 shares, Grace Kennedy had 34,709 units trading to close at $40.50, Jamaica Broilers gained 20 cents and closed at $15.40 with 16,118 shares changing hands. Jamaica Producers traded 309,026 shares, rising 44 cents to end at a 52 weeks’ closing high of $13.50, after trading as high as $15 in early trading, Jamaica Stock Exchange closed at $5.60 having traded 69,397 shares, JMMB Group closed at $16.90 with 129,575 units traded. Kingston Wharves advanced 99 cents, ending at $33.99 and trades of 45,268 units, Mayberry Investments traded 12,219 shares with gains of 15 cents to close at $5.15, National Commercial Bank rose to a 52 weeks’ closing high of $61.50, after gaining $1.50 after and swapping 7,498,281 shares, NCB traded as high as $63.20 in the morning session.
Pan Jamaican gained $1 and closed at a 52 weeks’ closing high of $31 with 90,681 units being exchanged, Pulse Investments traded 8,000 units, losing 5 cents to close at $5.95, Radio Jamaica lost 5 cents, closing at $1.30 with 73,828 shares traded, Sagicor Group closed with 22,947 shares changing hands with a gain of 50 cents at $30.50. Sagicor Real Estate fund traded 49,769 units and closed at $10, Scotia Group ended trading at $38, losing $1 with 30,863 shares changing hands. Scotia Investments traded 3,849 units, gaining 2 cents to close at $33.02, Sterling Investments closed at $15.60 with trades of 23,000 units, Supreme Ventures lost 11 cents after trading 700,304 shares to close at $5.10 and Proven Investments traded 12,450 ordinary shares and closed at 23 US cents.
Juniors gain 9.5% in January
The junior market of the Jamaica Stock Exchange made moderate gains on in trading on Tuesday, but that was enough to land it with a rise of 9.5 percent for the first month of the year. The market on all trading days except for moderate declines on only two days.
The junior index gained 8.48 points at the close to sit at 2,840.12 as 19 securities traded, 3 more than on Monday, with the prices of 7 rising and 9 declining.
The market closed with 10 stocks with bids higher than their last sale and 1 with a lower offer than the last sale, signalling a continuation of gains ahead.
The market ended with very low volume of stocks changing hands, ending at 1,610,629 units valued at $10,783,120 passing through the market, compared to 426,481 units valued at $2,702,243, on Monday.
An average of 84,770 units with an average value of $567,533 traded, compared to 26,655 units with an average value of $168,890 on the previous trading day. The average for the month to date is 165,547 units with an average value of $884,749 versus 169,586 units with an average value of $900,610 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, Blue Power closed with 1,720 units changing hands at $40.40, after it traded at an intraday high of $43.05, CAC 2000 traded 7,800 units to end at $6.10 after falling 30 cents, Cargo Handlers ended at $20.50, after 3,043 shares were traded. Caribbean Cream exchanged 19,777 shares and rose 15 cents, to close at $7.51, Caribbean Flavours put through 1,800 units to end at $9.50, Caribbean Producers rose 30 cents in trading 4,400 units at $4.35, Consolidated Bakeries lost 1 cent in trading 206,844 shares to close at $3. Derrimon Trading ended at a 52 weeks’ high of $6.45 with 100,000 shares changing hands, after rising by 55 cents, Dolphin Cove ended at $14.40 with 4,407 shares trading to gain 40 cents. Honey Bun climbed 1 cent and closed with 17,135 shares changing hands at $6.91, Jamaican Teas traded 52,484 shares to close at $8.81 after declining by 69 cents, 
Jetcon Corporation closed trading with 141,658 shares, to end with a loss of 88 cents to $9.54. KLE Group gained 30 cents and ended with 5,300 units changing hands at $2.80, Lasco Distributors ended trading with 895,981 units changing hands to end at $7.30 after gaining 30 cents, Lasco Financial had 7,202 shares changing hands and fell 8 cents to end at $3.92. Lasco Manufacturing with 75,371 units changing hands, closed with a loss of 7 cents at $5.13, Medical Disposables closed with a loss of 30 cents at $5.60 with 21,586 shares changing hands. Paramount Trading closed with a loss of 10 cents at $3 with 34,921 shares changing hands and tTech closed trading with 2,200 units changing hands to end at $6.60 after falling 30 cents.
JSE majors hit new high again
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.
Juniors inching forward to new highs
Jamaican Teas traded at a new closing high of $9.50 on Monday.
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.
Bulls stampeding Jamaican stocks
Stock prices followed Friday’s surge on the main market of the Jamaica Stock Exchange on Monday, moving the market higher, with gains of 9.5 percent for the year to date, after the main market started the year with moderate gains.
The movement over the past three trading days has brought the gains in the market in line with the junior market that previously had gains that were 3 times that of the Jamaica Stock Exchange main market.
At the close, the all All Jamaica Composite Index leapt 3,931.57 points to close at 230,053.06, the JSE Market Index surged 3,515.51 points to finish at 210,082.88 and the JSE combined index climbed sharply by 3,283.99 points, to close at 223,917.56.
Trading resulted in 12,789,852 units valued at $79,186,131 changing hands, compared to 2,882,798 units valued at $55,189,818 changing hands on Friday. Of the stocks traded, the junior market accounted for 426,481 units valued at $2,702,243.
The market closed with 42 securities changing hands, with 24 stocks rising and 9 falling in the overall market, including 10 stocks rising and 2 falling, in the junior market. A total of 8 securities ended at new 52 weeks’ closing highs.
The average trade for the day in the main market ended at 149,740 shares compared to an average of 111,605 units traded on Friday. For the month to date, an average of 175,757 shares compared to an average of 201,775 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 was at its highest level with reading shows 26 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Berger Paints traded at an intraday 52 weeks’ high of $10.56 but declined by 5 cents in closing at $10.46 after trading 10,000 shares, Cable and Wireless closed with 221,233 units changing hands at $1.20, Caribbean Cement lost 39 cents and traded 39,262 shares to close at $33.51. Carreras closed at $66.75, gaining 5 cents with 8,652 shares changing hands, Grace Kennedy had 32,126 units trading to close at $40.50, after losing 14 cents, Jamaica Broilers gained 7 cents and closed at $15.20 with 11,700 shares changing hands. Jamaica Producers traded 7,647 shares, rising 56 cents to end a new closing high of $13.06, Jamaica Stock Exchange closed at $5.60 having traded 178,916 shares, JMMB Group climbed to a 52 weeks’ closing high of $16.90 with gains of 90 cents and 8,633 units trade. Kingston Wharves retreated slightly from the rarefied heights to end trading 4,625 units and losing $1, to close at $33, Mayberry Investments traded 1,020 shares with a loss of 25 cents to close at $5, National Commercial Bank climbed higher at a 52 weeks’ high of $60, gaining $2 after swapping 61,840 shares.
Pan Jamaican gained 10 cents and closed at $30 with 27,659 units being exchanged, Portland JSX closed at $9 with 10,000 units trading. Pulse Investments traded 12,500 units, gaining 83 cents to close at a 52 weeks’ high of $6.00, Radio Jamaica rose 5 cents, closing at $1.35 with 27,693 shares traded, Sagicor Group closed with 112,763 shares changing hands with a gain of 99 cents at $30. Sagicor Real Estate fund traded 12,627 units and closed at $10, Salada closed at $8 having traded 148,787 shares, Scotia Group ended with 9,771 shares changing hands at $39. Scotia Investments traded 14,891 units, losing 49 cents to close at $33, Sterling Investments lost 15 cents to close at $15.60 after trading 124,700 units, Supreme Ventures traded 11,259,836 shares and closed at $5.21 and Proven Investments traded 15,300 ordinary shares to close at 23 US cents.
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.