Declines in the prices of Gleaner, Grace Kennedy, Jamaica Broilers and a fall in Sagicor Group from $13 to $12.55 dented the main market indices in early Friday trading. Activities on the Jamaica Stock Exchange resulted 18 securities with a volume of 2,375,502 units, with 8 stocks declining and only 1 rising.
Trading activity resulted small changes to the indices with the JSE Market Index declined 480.57 points to 96,280.75. The JSE All Jamaican Composite index dipped 537.05 points to 106,555.45 and the JSE combined index fell 511.85 points to be at 99,393.22. The junior market eased 6.50 points to 950.75.
The main trades so far are, Cable & Wireless has traded 200,000 shares at 51 cents, JMMB Group traded 527,208 ordinary shares at $7.80 and Supreme Ventures traded 100,000 shares at $3.74.
1 stock rise 8 fell on JSE – early Friday
JSE drops again but 12 stocks rose 7 fell
Trading in the main market saw low volumes for individual stocks as the main market indices slipped further by the close of the market. At the end, 24 securities traded of which 12 stocks gained, 7 declined with 1,909,715 units, valued at $23,590,989 changing hands in all market segments.
The JSE Market Index declined 213.17 points to 96,761.32, the JSE All Jamaican Composite index dropped 238.24 points to 107,092.50 and the JSE combined index lost only 77.94 points to end at 99,905.07.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 15 stocks with bids higher than their last selling prices and 8 with offers that were lower, indicative of another day of high up and down price movements ahead.
In trading, Cable and Wireless gained 2 cents with 61,150 shares changing hands, to close at 52 cents, Carreras recovered $1.39 but with just 1,440 shares trading at $49.99, Desnoes & Geddes traded 56,700 shares after losing 20 cents to end at $7, Grace Kennedy gained $1 in trading 2,923 shares to close at $64.50, Hardware & Lumber dropped 20 cents with 13,910 
shares trading at $12.80. Jamaica Broilers with 150,629 units changing hands, ended at $6.50 while gaining 60 cents, JMMB Group traded 19,168 units, the price fell 3 cents to end at $7.82, National Commercial Bank with 22,016 shares changing hands, closed at $27.05, having gained 5 cents. Sagicor Group with 84,069 shares trading, closed 20 cents higher at $13, Scotia Group traded 6,300 shares to close with a loss of 1 cent at $23.80, Proven Investments ordinary share traded 710,000 units at 20 US cents. Jamaica Money Market Brokers 8.75% preference share traded 175,000 units to end at a 52 weeks’ low of $2.80, after losing 5 cents and Proven Investments preference share traded 100,475 units at $5.
4 stocks rise 2 fell on TTSE
Unilever products – the company’s stock closed at a 52 weeks’ high on Wednesday
At the close the Composite Index was up 0.03 points to 1,146.60, the All T&T Index added 0.12 points at 1,950.01 and the Cross Listed Index fell 0.01 to 45.02.
Gains| JMMB Group gained 1 cent, to close at 43 cents while trading 49,405 shares, Prestige Holdings with 965 units changing hands, ended at $9.90 with a 1 cent rise, Scotiabank contributed 8,198 shares with a value of $512,389 to the overall trading to close at $62.51 with a 1 cent rise and Unilever Caribbean traded at a new 52 weeks’ high of $67.20, after gaining 5 cents, with 5,107 shares valued at $343,190.
Losses| Clico Investment Fund closed with just 46,080 shares valued at $5,626,160 changing hands, 1 cent lower at $22.51 andSagicor Financial Corporation closed with 2,330 shares changing hands, 1 cent lower at $5.99.
Firm Trades| First Citizens Bank had 2,920 shares changing hands
to end at $35, National Commercial Bank traded 518 shares at $1.63, Trinidad Cement had 60,000 shares changing hands, valued at $180,310 and ended at $3 and West Indian Tobacco traded just 2,657 shares to close unchanged at $125.43.IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 5 stocks with offers that were lower.
2 stocks rise on TTSE
The Trinidad & Tobago Stock Exchange closed Tuesday with 10 securities changing hands with the price of 2 stocks rising, none declining and 8 traded with prices unchanged as a total of 285,980 units traded, valued at $5,846,515.
At the close, all three indices closing unchanged with the Composite Index closing at 1,146.57, the All T&T Index at 1,949.89 and the Cross Listed Index at 45.03.
Gains| Clico Investment Fund closed with just 249,940 shares valued at $5,626,160 changing hands, 2 cents higher at $22.52 and West Indian Tobacco traded just 700 shares to close unchanged at $125.43 to gain 1 cent.
Firm Trades| ANSA McAL contributed 400 shares in trading, to close at $67.25, First Citizens Bank had 270 shares changing hands to end at $35, Grace Kennedy saw 
21,568 units changing hands at $3.50, JMMB Group traded 3,142 shares at 42 cents, National Commercial Bank traded 4,482 shares at $1.63. National Flour with 5,250 shares ended at $2.06, National Enterprises with 28 shares changing hands, closed at $16.95 and Point Lisas closed with 200 shares changing hands at $4.06.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 6 stocks with offers that were lower.
NCB is positioning to rally on JSE
NCB’s new branch on Constant Spring Road Kingston.
NCB is expected to report full year results to the end of September by the first week in November that is projected by IC Insider to exceed $5 per share.
Market activity was moderate, on the Jamaica Stock Exchange on Monday and ended with just 21 securities changing hands as 3,950,878 units, valued at $35,988,729 traded. At the end 6 stocks gained, compared to 7 that declined in all market segments, helping the indices to eke out some small gains.IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 9 stocks with bids higher than their last selling prices and 6 with offers that were lower, an indication that the sideways movement of the market should continue.
In trading, Cable and Wireless had 87,813 shares changing hands to close at 48 cents, Carreras traded 19,345 shares at $50, for a 17 cents loss, JMMB Group had 1,010,000 shares
changing hands at $7.69 after shedding 1 cent. Mayberry Investments ended with 108,159 units trading at $2.81 while gaining 10 cents, NCB with 633,190 shares changing hands, closed at $30. Sagicor Real Estate Fund traded 445,452 units at $6.95 while losing 55 cents. Supreme Ventures traded 40,015 shares but lost 50 cents in ending at $3.40, Jamaica Money Market Brokers 7.50% preference share traded 98,354 units at $2, Jamaica Money Market Brokers 8.75% preference share traded 19,143 units at $2.85 with a 3 cents loss and Proven Investments preference share with 480,050 units traded closed at $5 for a 10 cents gain.
TCL at 52 weeks’ high on TTSE
The Trinidad & Tobago Stock Exchange closed Monday with Trinidad Cement closing at $3 for 52 weeks’ high on a day when 13 securities changed hands. The price of 2 stocks rose, 3 declined and 8 traded with price unchanged as a total of 614,459 units traded, valued at $2,225,277.
At the close, the Composite Index fell 0.13 points to 1,146.57, the All T&T Index lost 0.26 points to 1,949.89 and the Cross Listed Index remained at 45.03.
Gains| Massey Holdings closed with 250 units trading with a 1 cent gain at $62.49 and Trinidad Cement closing at $3 with 406,706 units valued at $1,219,776 changing hands after gaining 24 cents.
Losses| Angostura Holdings with 1,772 shares changing hands, closed at $14, after losing 50 cents, Clico Investment Fund trade with a volume of 9,120 shares valued at $205,258, at the close the price slipped 2 cents to $22.50 and Point Lisas traded 5,000 shares at $4.06, after losing 1 cent.
Firm Trades| ANSA McAL contributed 595 shares in trading, to close at $67.25, First Citizens Bank had 411 shares changing hands to end at $35, Guardian Holdings with 145 shares changing hands, closed at $13.91, Guardian Media traded 17,900 shares with the price remaining at $19.77, for a value of $353,883. 
JMMB Group traded 20,238 shares at 42 cents, Sagicor Financial Corporation closed with 13,000 shares changing hands at $6, Scotia Investments closed with 139,004 shares valued at $222,982 changing hands, unchanged at $1.60 and closed with buying for 239,763 shares on the bid at $1.60 and Scotiabank closed with 318 shares changing hands unchanged at $62.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.
Sagicor Real Estate Fund tops trading on JSE
Sagicor Real Estate Fund traded 12,553,254 units days after the company reported a successful rights issue that raised $5.2 billion. Most trading took place at $6.95, in shares crossed by Scotia Investments as brokers for clients. The stock price ended at $7.50 at the close, after losing 50 cents.
Market activity generally,
on the Jamaica Stock Exchange ended with just 31 securities changing hands as 19,174,117 units, valued at $129,515,704 were exchanged. Sagicor Real Estate Fund accounted for a large portion of the monetary consideration. Seprod also chipped in with a fair amount. At the end, 8 stocks gained, compared to 11 that declined in all market segments. The JSE Market Index declined 648.07 points to 98,149.98, the JSE All Jamaican Composite index fell 724.25 points to 108,644.42 and the JSE combined index lost 916.38 points to end at 101,195.27.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 13 stocks with bids higher than their last selling prices and 4 with offers that were lower.
In trading, Cable and Wireless had 1,700,000 shares changing hands to close at 48 cents, Caribbean Cement traded 10,000 shares at $8, for a 38 cents gain. Desnoes & Geddes traded 779,322 shares at $7, JMMB Group had 13,100 shares changing hands at $7.70 after gaining 5 cents, 
Sagicor Group with 32,614 shares changing hands, closed at $13 with a 30 cents increase. Scotia Group traded 110,575 units in closing at $23.80, for a fall of 32 cents, Seprod traded 1,813,740 shares at $14 while losing 60 cents. Supreme Ventures traded 210.509 shares but lost 24 cents in ending at $3.90, Proven Investments ordinary share traded 91,890 units at 19.9 US cents after rising 0.004 cents and Jamaica Money Market Brokers 7.50% preference share traded 200,000 units at $2.
Gleaner trades 19m shares on JSE
Market activity was halted on the Jamaica Stock Exchange due to technical issues that occurred around mid-day a Jamaica Stock Exchange source indicated to IC Insider. Trading resumed at 3 PM and closed at 3:30.
Not many more securities traded after resumption, but 19 million Gleaner shares changed hands, 18,996,993 units were bought through Victoria Mutual Wealth Management and sold by Mayberry Investments from house inventory at 3:17:44 PM with a value of $36,094,287.
Trading ended with just 23 securities changing hands as 23,173,353 units, valued at $96,919,052 were exchanged. At the end 13 stocks gained, compared to only 2 on Wednesday and 4 declined in all market segments.
The JSE Market Index rose 2.14 points to 98,798.05, the JSE All Jamaican Composite index added only 2.40 points to 109,368.67 and the JSE combined index gained 52.07 points to end at 102,111.65.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 9 stocks with bids higher than their last selling prices and 5 with offers that were lower.
In trading, Cable and Wireless had 1,263,154 shares changing hands to close at 48 cents, down 2 cents, Carreras traded 379,430 units at $50.25, gaining 25 cents from Wednesday’s close, Gleaner Company traded 19 million units in two trades at $1.90, after adding 5 cents. Jamaica Broilers traded at $5.90 at the end with 66,961 shares changing ownership 
after gaining 30 cents. Jamaica Producers added $1.90 to $18 with 171,230 units trading. The Jamaica Stock Exchange shares added 5 cents with 8,465 shares changing hands at $7.55, JMMB Group had 52,374 shares changing hands at $7.65, National Commercial Bank traded 136,629 shares and closed at $30, Sagicor Group with 22,400 shares changing hands, closed at $12.70 with a 20 cents increase. Scotia Group traded 134,944 units in closing at $24.12 for an increased just 2 cents and Proven Investments ordinary share, traded 1,208,025 units at 19.5 US cents after losing 0.05 cents.
Cable & Wireless jumps 11% on JSE
C&W which just ditched the Lime brand for Flow, gained nearly 11% in trading on Thursday
The Jamaica Stock Exchange closed trading with all active indices falling with advancing and declining stocks being evenly matched as was the case on Wednesday. A total of 31 securities changed hands, resulting in 7,916,489 units trading, valued at $29,539,131, with 8 stocks rising, 8 declining in all market segments. The JSE Market Index fell 245.83 points to 97,783.73. The JSE All Jamaican Composite index declined 274.77 points to 108,234.94 at support level on the downside and the JSE combined index fell 50.41 points to end at 101,002.73.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 8 stocks with bids higher than their last selling prices and 8 with offers that were lower.In trading, Cable and Wireless rose 5 cents with 4,748,662 units and closed at 52 cents. At the close, visible bids exist for 41,500 shares at 45 cents and ranging between 40 cents and 44 cents, a total of 397,000 units, well down on amount on Wednesday’s bids of 2.46 million units at 40 cents and above. On offer between 52 and 55 cents, are 6 visible offers to sell 2.58 million shares. Caribbean Cement had 11,300 shares changing hands stock for a loss of 5 cents to $7.85, Carreras closed at $50 for a loss of 30 cents while 274,344 units traded. Jamaica Broilers closed unchanged at $5.60 with 50,174 shares changing hands, National Commercial Bank traded just 3,200 shares and closed with a fall of $1.94 at $28.06. Sagicor Group with 179,796 shares changing hands, closed unchanged at $12.57,
Sagicor Real Estate Fund landed 33,271 shares for a gain of 10 cents to end at $8, Scotia Group traded 22,000 units to close with a loss of 20 cents at $23.80, Scotia Investments ended at $27 while only 159,004 units traded. Proven Investments ordinary share, traded 15,346 units at 21 US cents, Supreme Ventures added 50 cents to end at $4 with 23,022 units changing hands, Jamaica Money Market Brokers 7.50% preference share traded 50,000 units at $2 and Proven Investments 8% preference share traded 110,400 units at $4.90 after trading at a 52 weeks’ low of $4.85.
See-saw action continues on JSE
Cable & Wireless HQ – the stock is in demand with the merger of Flow and C&W gathers pace.
At the close, the JSE Market Index fell 245.83 points to 97,783.73. The JSE All Jamaican Composite index declined 274.77 points to 108,234.94 at support level on the downside and the JSE combined index fell 50.41 points to end at 101,002.73.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 7 stocks with bids higher than their last selling prices and 9 with offers that were lower.In trading, Cable and Wireless rose just 1 cent with 2,882,269 (Tuesday 2,494,634) units and at 47 cents. At the close, visible bids exist for 1 million units at 46 cents, and ranging between 40 cents and 45 cents a total of 1.46 million units. On offer between 48 and 55 cents, are 11 visible offers to sell 3.3 million shares. Caribbean Cement had 797,607 shares changing hands for a loss of 10 cents to $7.90, Carreras closed at $50.30 as the price gained 80 cents while 7,380 units traded. Desnoes & Geddes traded 50,000 shares but lost 40 cents in closing at $6, Grace Kennedy had 38,552 units changing hands at
$64, Jamaica Broilers closed at $5.60 with 43,741 shares changing hands as the stock lost 80 cents. Sagicor Group with 40,000 shares changing hands, closed with a loss of 43 cents at $12.57, Scotia Group traded 14,800 units to close with a gain of 26 cents at $24, Scotia Investments ended at $27 while only 8,000 units traded but the stock traded in Trinidad at the equivalent of J$29.50 and with a bid to buy over 320,000 units at the same price. Proven Investments ordinary share, traded 15,346 units at 21 US cents, Jamaica Money Market Brokers 7.50% preference share traded 53,016 units at $2 and Proven Investments 8% preference share traded 135,594 units at $4.90.
