Jamaican stocks rise but short of record

NCB closed at a new 52 weeks' high on the JSE on Friday following full year results.

NCB closed at a new 52 weeks’ high on the JSE on Friday following full year results.

Trading levels on the Jamaica Stock Exchange shrank sharply by the close on Friday from Thursday’s levels even as the number of securities trading remained at the same number. At the close the All Jamaica Composite Index climbed 238.43 points to close at 189,392, with the year to date gains at 13 percent.
The JSE Market Index rose 213.19 points to finish at 170,392 and the JSE combined index gained 481.02 points to end at 183,513 with a gain for the year to date of 15.6 percent.
At the close 2,121,591 units valued at $35,719,971 changed hands, compared to 18,462,121 units valued at $230,990,500 changing hands on Thursday. The junior market accounted for 256,384 units trading valued at $1,074,606 of the stocks traded.
The average trade for the day in the main market ended at 81,096 and 155,485 units month to date. On Thursday, an average of 277,373 units traded and fro the month to date, 229,873 units, in comparison the average for the October was 220,811 units.
ICI JSE sum 11-11-16The market closed with 42 securities trading as the prices of 20 gained while 12 declined in the overall market, including 8 stocks rising and 6 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 shows 15 stocks with bids higher than their last selling prices and just 4 with lower offers.
In market activity, Cable & Wireless closed at 85 cents with 76,118 units trading, Caribbean Cement climbed 50 cents with 26,634 units changing hands to close at $30.50, Carreras traded 18,989 shares and gained 50 cents to end at $66, Grace Kennedy end up trading 28,611 units at $41.45. Jamaica Broilers gained 20 cents and closed at $14.70 with 4,058 shares changing ownership, Jamaica Producers lost 20 cents in trading 566,435 shares to close at $8, Jamaica Stock Exchange ended at $5.70 after trading 174,446 shares, JMMB Group traded 2,000 shares to end at $13.70.ICI -JSE fn Qts -11-16 Mayberry Investments ended with 21,000 shares trading to close at $4 for a fall of 1 cent, National Commercial Bank ended trading of 292,035 shares to close at a 52 weeks’ high of $46, the stock closed with just one offer at $50 to sell 200 units. Trading in 138 Student Living, ended with 181,667 shares changing hands to close with a fall of 50 cents at $5, Pan Jamaican Investment closed at $23.70 after trading 57,959 shares, Radio Jamaica closed with a 5 cents loss at $1.45 with 10,186 shares trading, Sagicor Group had 86,046 shares changing hands and rose 5 cents to close at $24. Sagicor Real Estate Fund traded with a rise of 3 cents to close at $10.25 with 28,498 units switching owners, Scotia Group slipped 9 cents in trading 87,290 shares to close at $31.21, Seprod fell 50 cents in trading 21,445 shares to end at $27.50. Supreme Ventures rose 30 cents trading 9,840 shares to close at $5.10 and Proven Investments traded 161,675 units rising slightly to close at 19.97 US cents.

Jamaican stocks retreat from record

JSE indx 11-16 The main market of the Jamaica Stock Exchange closed down on Thursday after hitting a new record on Wednesday. The All Jamaica Composite Index dropped 1,569.85 points to close at 189,153.12, bringing the year to date gains to 13 percent. The JSE Market Index fell 1,403.72 points to finish at 170,178.32 and the JSE combined index declined 1,147.57 points to end at 183,032.25 with a gain for the year to date of 15.6 percent.
At the close 18,462,121 units valued at $230,990,500 changed hands, compared to 6,616,334 units valued at $97,621,824 changing hands on Wednesday. The junior market accounted for 11,250,424 units trading valued at $76,439,888 of the stocks traded.
The average trade for the day in the main market ended at 277,373 and 229,873 month units to date. On Wednesday, an average of 186,716 units traded and 182,374 month to date. The average for the October was 220,811 units.
ICI JSE sum 10-11-16The market closed with 42 securities trading as the prices of 9 gained while 17 declined in the overall market, including 4 stocks rising and 7 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 shows 10 stocks with bids higher than their last selling prices and just 1 with a lower offer.
In market activity, Barita Investments fell 10 cents in trading 122,337 units to close at $4, Berger Paints traded 49,519 shares to end at $6.25 after rising 2 cents, Cable & Wireless rose 3 cents and closed at 85 cents with 56,000 units trading. Caribbean Cement had just 10,748 units changing hands to close at $30, Carreras traded 1,980 shares to end at $65.50, Grace Kennedy climbed 46 cents in trading 50,947 units at $41.45, Jamaica Broilers gained 50 cents and closed at $14.50 with 241,400 shares changing ownership, Jamaica Producers lost 4 cents in trading 994,195 shares at $8.20. Jamaica Stock Exchange fell 30 cents, ending at $5.70 after trading 213,422 shares, JMMB Group traded 6,000 shares to end at $13.70, Kingston Properties traded 6,000 shares and closed at $10. ICI -JSE fn Qts 10-11-16Margaritaville Turks traded 1,629,049 shares to close at 22.01 US cents, after declining by 2.5 cents, National Commercial Bank ended with the trading of 49,275 shares to close at $45.50, Pan Jamaican Investment closed at $23.70 after trading 2,751,998 shares, Pulse Investments traded at $3 with 50,000 units changing owners. Radio Jamaica closed unchanged at $1.50 with 16,593 shares trading, Sagicor Group had 678,392 shares changing hands and rose 5 cents to close at $23.95, Scotia Group slipped 49 cents in trading 43,593 shares to close at $31.30, Seprod fell 50 cents in trading 14,051 shares to end at $28. Supreme Ventures lost 20 cents trading 2,000 shares to close at $4.80, Proven Investments traded 121,922 units slipping slightly to close at 19.9 US cents and Jamaica Money Market Brokers 7.5% preference share, traded 92,320 units to close at $2.10.

Lasco Distributors dominates

Lasco Dist build The junior market had a big day of trading on Thursday as Lasco Distributors dominated trading with 10.5 million units, the market index fell 11.27 points to 2,454.09, putting the gain for the year to date to 37 percent.
Paramount Trading share price was adjusted to reflect the 10 for 1 stock split approved by the company at the end of October, no trading took place on Thursday.
At the close of trading 16 securities traded, up from 12 on Wednesday, resulting in 4 stocks advancing and 7 declining. Market activities ended with 5 securities closing with bids higher than their last selling prices and none ending with a lower offer.
ICI Jm sum 10-11-16Trading volume had a sharp jump of 477 percent from Wednesday’s levels, ending with 11,250,424 units changing hands, valued at $76,439,888, up by 462 percent from $13,610,614 on Wednesday.
An average of 703,152 units with an average value of $4,777,493 traded, compared to 162,369 units with an average value of $1,134,218 on the preceding trading day. The average for the month to date is 176,619 units at $1,120,425 compared to 129,138 units at $709,705 for October.
In trading activity, Access Financial lost 94 cents in trading 7,771 shares to end at $2.06, AMG Packaging climbed 30 cents and ended with 5,500 shares changing hands at $19.80, Cargo Handlers ended with 2,400 shares changing hands at $12, Caribbean Cream closed with 19,956 shares changing hands and lost 20 cents to $7.80. Caribbean Flavours closed trading with 1,430 units and gained 11 cents to close at $8.51, Consolidated Bakeries traded 3,805 shares to end at $2.50, C2W Music traded 650 shares to end at 23 cents, ICI Jm trds 10-11-16Dolphin Cove closed with 2,000 units changing hands at $15.29 but lost 20 cents in the process. Honey Bun with 18,825 shares changing hands lost 10 cents and closed at $6, Jamaican Teas traded 18,100 shares to close at $3.90 with a fall of 10 cents, Jetcon Corporation traded 38,928 shares and gained 25 cents in closing at $5. Knutsford Express traded 714 shares at $22, Lasco Distributors ended with 10,502,964 shares trading at $6.90, after easing by 10 cents, Lasco Financial ended with just 1,000 shares changing hands to close at $3.13, Lasco Manufacturing rose 5 cents and closed at $4.90 with 304,871 shares changing hands and Medical Disposables traded 321,510 units but dropped 40 cents to $4.60.

Jamaica Stock Exchange falls

Trading in the morning session on ICI int -10-11-16Thursday with the Jamaica Stock Exchange saw the main market indices falling and the junior market inching up after 75 minutes of market activity.
In trading, Barita Investments had 122,337 shares changing hands at $4, Jamaica Broilers Group had 216,400 shares trading at $14.50, Jamaica Stock Exchange had 134,135 shares changing hands at $6, Lasco Distributors exchanged 444,354 units at $7 and Lasco Manufacturing traded 294,700 shares at $4.85.
The all Jamaica Composite Index fell 545.35 points to 190,177.62, the Jamaica Stock Exchange Market Index lost 487.64 points to 171,094.40, the Jamaica Stock Exchange combined index declined 393.22 points to close at 184,056.60 and the junior market index rose 5.74 points to 2,471.10.
At 10:30 am, a total of 24 securities traded, resulting in a volume of 1,402,956 shares changing hands carrying a value of $11,287,935, compared to 1,424,992 shares changing hands carrying a value of $9,572,892, on Wednesday.
The average number of shares traded amounts to 58,457 units compared to 71,250 on Wednesday. Market activity resulted in 8 stocks falling while the prices of 8 securities rose.

JSE all Jamaican closes at record 190,723

 NCB closed at a new high on Wednesday.

NCB closed at a new high on Wednesday.

The main market of the Jamaica Stock Exchange surged to a new record high on Wednesday, with the All Jamaica Composite Index surging 2,251.17 points to close at 190,722.97, bringing the year to date gains to 14 percent. The JSE Market Index climbed 2,012.95 points to finish at 171,582.04 and the JSE combined index jumped 2,435.87 points to end at 184,449.82 with a gain for the year to date of 16.5 percent.
At the close 6,616,334 units valued at $97,621,824 changed hands, compared to 7,411,988 units valued at $113,469,413 changing hands on Tuesday. The junior market accounted for 1,948,431 units trading valued at $13,610,614 of the stocks traded.
ICI JSE sum 9-11-16 The average trade for the day in the main market ended at 186,716 and 182,374 month to date units. On Tuesday, an average of 255,960 units traded and 178,031 month to date. The average for the October was 220,811 units.
The market closed with 37 securities trading as the prices of 16 gained while 10 declined in the overall market, including 4 stocks rising and 3 falling, in the junior market. Three stocks in the overall market, traded at new highs.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Barita Investments traded 10,750 units and to close at $4.10, Berger Paints traded 10,285 shares to end at $6.23 after rising 23 cents, Cable & Wireless lost 6cents and closed at 82 cents with 1,036,093 units trading. Caribbean Cement fell 85 cents with just 6,940 units changing hands to close at $30, Carreras traded 3,500 shares and rose 30 cents to end at $65.50, Grace Kennedy climbed 94 cents in trading 32,059 units at $40.99, Jamaica Producers gained 9 cents in trading 30,000 shares at $8.24. JMMB Group traded 2,054 shares and lost 10 cents, to end at $13.70, Jamaica Stock Exchange dived $2, ending at $6 after trading 89,061 shares,ICI -JSE fn Qts 9-11-16 Kingston Properties traded 29,600 shares and closed at $10. Margaritaville Turks traded 85,200 shares to close at a 52 weeks’ high of 24.50 US cents, after rising by 0.50 cent, National Commercial Bank rose 1 cent in trading 104,502 shares to close at a new 52 weeks’ closing high of $45.50, Pan Jamaican Investment gained 40 cents and closed at $23.70 after trading 2,700,060 shares, Sagicor Group had 21,526 shares changing hands and rose 48 cents to close at $23.90. Scotia Group climbed 59 cents in trading 60,823 shares to close at $31.79, Seprod fell $1.50 in trading 20,949 shares to end at $28.50, Supreme Ventures traded 147,357 shares to close at $5. Proven Investments traded 172,995 units and rose 1 cent to close at 20 US cents and Jamaica Money Market Brokers 7.25% preference share traded 80,000 units to close at $2.40.

Juniors jump sharply on Wednesday

Paramount closed at a new high of $34 on Wednesday.

Paramount closed at a new high of $34 on Wednesday.

The junior market enjoyed moderate trading on Wednesday but closed with the market index jumping 55.40 points to 2,465.36 putting the gain for the year to date to 38 percent. Trading in Paramount Trading shares resulted in a new record close for the stock of $34 with 12,530 shares changing hands with a gain of 95 cents one day before the stock split of 10 to 1 takes effect.
At the close of trading 12 securities traded, the same as on Tuesday, resulting in 4 stocks advancing and 3 declining, including 1 that traded at an all-time high. Market activities ended with 3 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
ICI Jm sum 9-11-16Trading volume rose 54 percent from Tuesday’s levels, ending with 1,948,431 units changing hands, valued at $13,610,614, up by 111 percent from $6,437,908 on Tuesday.
An average of 162,369 units with an average value of $1,134,218 traded, compared to 105,747 units with an average value of $536,492 on the preceding trading day. The average for the month to date is 101,400 units at $597,986 compared to 129,138 units at $709,705 for October.
In trading activity, AMG Packaging climbed $1 and ended with 49,610 shares changing hands at $19.50, Blue Power closed with 10,100 units changing hands at $21.56. ICI Jm trds 9-11-16CAC 2000 traded 8,500 units and closed at $4, Cargo Handlers ended with 3,245 shares changing hands at $12, Caribbean Producers closed trading with 41,280 units and lost 38 cents to close at $3.12. C2W Music traded 3,057 shares but fell 2 cents to end at 23 cents, Derrimon Trading closed with 4,000 units changing hands at $4.80, Jetcon Corporation traded 15,900 shares and gained 10 cents in closing at $4.75. Lasco Distributors ended with 1,540,643 shares trading at $7, after trading at a low for the day of $6.40. Lasco Financial gained 23 cents and ended with 158,269 shares changing hands to close at $3.13 and Lasco Manufacturing fell 5 cents and closed at $4.85 with 101,297 shares changing hands.

All Jamaican jumps to new high of 190,500

Gains in Scotia Group, Sagicor and Grace Kennedy pushed the main market into record territory in the morning session on Wednesday with the Jamaica Stock Exchange all Jamaica index is trading in record territory having jumped 2,148 points ahead of 10:30am before slipping slightly lower.
The Jamaica Stock Exchange share price fell back to the just above the pre-split price in early trading as the stock traded 80,061 units down to $6 but was on offer at $5.60 with 7,916,373 units on offer at $5.60 after it traded earlier at $8.01. Bids for the stock are not strong at the moment.
ICI int -9-11-16The all Jamaica Composite Index jumped 2,032.43 points to 190,504.23, the Jamaica Stock Exchange Market Index climbed 1,817.35 points to 171,386.44, the Jamaica Stock Exchange combined index surged 2,119.66 points to close at 184,133.61 and the junior market index gained 42.27 points to 2,452.23.
In trading, Cable & Wireless fell 6 cents to 82 cents with 794,910 units changing hands, in response to improved third quarter results showing just $200 million in losses with revenues climbing 15 percent for the September quarter to $6.5 billion. National Commercial Bank had 80,000 units changing hands at $45.50, Scotia Group traded 39,423 and rose to $32.35 and Jamaica Money Market Brokers 7.25% preference share traded 80,000 units at $2.40 and Proven Investments traded 172,850 shares at 19.99 US cents.
At 10:30 am, a total of 20 securities traded, resulting in a volume of 1,424,992 shares changing hands carrying a value of $9,572,892, compared to 1,690,058 shares changing hands carrying a value of $15,277,557, on Tuesday.
The average number of shares traded amounts to 71,250 units compared to 76,821 on Tuesday. Market activity resulted in 8 stocks falling while the prices of 8 securities rose.

More JSE stocks rise than fall

JSE frnt 4 The main market of the Jamaica Stock Exchange retreated for the second day in a row on Tuesday, with the All Jamaica Composite Index falling 395.03 points to close at 188,471.80, bringing the year to date gains to 12.6 percent. The JSE Market Index dived 353.23 points to finish at 169,569.09 and the JSE combined index dropped 1,072.17 points to end at 182,013.95 with a gain for the year to date of 15 percent.
At the close 7,411,988 units valued at $113,469,413 changed hands, compared to 2,406,886 units valued at $45,582,046 changing hands on Monday. The junior market accounted for 1,268,960 units trading valued at $6,437,908 of the stocks traded.
The average trade for the day in the main market ended at 255,960 and 178,031 month to date units. On Monday, an average of 71,224 units traded with the average for the month to date being 100,103 units. The average for the October was 220,811 units.
ICI JSE sum 8-11-16The market closed with 41 securities trading as the prices of 12 gained while 15 declined in the overall market, including 4 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 shows 12 stocks with bids higher than their last selling prices and 1 with a lower offer.
In market activity, Barita Investments declined by 25 cents in trading 18,400 units and closed at $4.10, Berger Paints traded 77,214 shares to end at $5.90 after falling 15 cents, Cable & Wireless gained 2 cents and closed at 88 cents with 163,017 units trading. Caribbean Cement jumped $1.85 with 6,885 units changing hands, to close at $30.85, Carreras traded 20,710 shares to end at $65.20. Grace Kennedy lost 95 cents in trading 971 units at $40.05, Jamaica Broilers lost 10 cents and closed at $14 with 7,376 shares changing ownership, Jamaica Producers lost 9 cents in trading 7,329 shares to close at $8.15, Jamaica Stock Exchange ended at $8 after trading 361,145 shares. JMMB Group traded 17,000 shares and lost gained 56 cents, to end at $13.80,ICI -JSE fn Qts 8-11-16 Kingston Wharves traded 306,116 shares and rose 3 cents, to close at $17.20, Mayberry Investments gained just 1 cent and ended with 9,065 shares trading at the close at $4, National Commercial Bank traded 15,581 shares to close at $45.49. Trading in 138 Student Living, ended with 56,583 shares changing hands to close with a rise of 50 cents at $5.50, Radio Jamaica closed at $1.45 with 50,000 shares trading, Sagicor Group had 3,344,598 shares changing hands and fell 43 cents to close at $23.42. Scotia Group fell 35 cents in trading 58,464 shares to close at $31.20, Scotia Investments traded 41,821 shares to close at $30, Seprod jumped $5.85 in trading 219,639 shares to end at 52 weeks’ high of $30, Supreme Ventures traded 1,320,818 shares to close at $5 and Proven Investments traded 20,556 units at 19 US cents, up 1.25 cents.

Juniors down sharply on Tuesday

SM sign The junior market index fell back sharply from on Tuesday the record close on Monday with the market index sinking 72.48 points to 2,409.96 pulling the gain for the year to date down to 35 percent, with Lasco Distributors falling as low as $6 and closing with an average price of $6.27.
At the close of trading 12 securities traded, versus 16 on Monday resulting in 4 stocks advancing and 5 declining, including 1 that traded at an all-time low. Market activities ended with 4 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
Trading volume climbed 103 percent from Monday’s levels, ending with 1,268,960 units changing hands, while value traded, rose 75 percent to $6,437,908 from $3,677,838 on Monday.
An average of 105,747 units with an average value of $536,492 traded, compared to 39,243 units with an average value of $229,855 on the preceding trading day. ICI Jm sum 8-11-16The average for the month to date is 91,238 units at $508,614 compared to 129,138 units at $709,705 for October.
In trading activity, CAC 2000 lost 50 cents and traded 5,000 units and closed at a 52 weeks’ low of $4, as investors step in pick up the at the low price after they previously reacted negatively to the impact of the loss from the lawsuit for damages on the company’s finances. Cargo Handlers ended with a loss of 50 cents with 12,993 shares changing hands at $12, Caribbean Cream closed with 13,200 shares changing hands and rose 40 cents to end at $8. Caribbean Producers rose 9 cents and closed trading with 14,179 units at $3.50, ICI Jm trds 8-11-16Derrimon Trading closed with 3,500 units changing hands with a loss of 20 to end at $4.80. Dolphin Cove traded 1,059 shares and closed at $15.49, General Accident had 68,000 shares changing hands and closed at $3, Jetcon Corporation traded 117,486 shares in closing and gained 5 cents in closing at $4.65 after it traded at $5 in early trading, KLE Group lost 17 cents in closing at $1.13 with 25,847 shares changing hands. Lasco Distributors ended with 389,146 shares trading to close at $7, the stock traded as low as $6 during the morning session. Lasco Financial lost 20 cents and ended with 82,359 shares changing hands to close at $2.90, Lasco Manufacturing rose 5 cents and closed at $4.90 with 536,191 shares changing hands.

Seprod jumps to new high of $30 on JSE

Seprod jumped $5.85 with 187,289 shares trading to a new high of $30 in early trading on Tuesday on the Jamaica Stock Exchange, but the market indices slipped ICI int -8-11-16sharply with the junior market index dropping a whopping 3 percent or 76 points.
The all Jamaica Composite Index dropped 432.98 points to 188,433.85, the Jamaica Stock Exchange Market Index declined 387.16 points to 169,535.16, the Jamaica Stock Exchange combined index dived 1,141.17 points to close at 181,944.95 and the junior market index dropped sharply by 76.13 points to 2,406.31.
At 10:45 am, a total of 22 securities traded, resulting in a volume of 1,690,058 shares changing hands carrying a value of $15,277,557, compared to 640,254 shares changing hands carrying a value of $13,990,935, on Monday.
The average number of shares traded amounts to 76,821 units compared to 22,078 on Monday. Market activity resulted in 9 stocks falling while the prices of 8 securities rose.
The major trades so far include, Cable & Wireless climbed 4 cents to 90 cents with 110,000 units changing hands, the Jamaica Stock Exchange stock fell $1.75 to $6.25 with 262,510 units trading. The three Lasco stocks all fell and contributed much to the fall in the junior market index with Lasco Distributors trading 375,300 units at $6.50 after falling by 50 cents and Lasco Manufacturing traded 491,600 shares at $4.85.