JMMB Group — Page 504

See-saw action continues on JSE

September 2, 2015 by IC Insider.com

Cable & Wireless HQ – the stock is in demand with the merger of Flow and C&W gathers pace.

The Jamaica Stock Exchange closed trading on Wednesday with main market indices rising with advancing and declining stocks evenly matched but with limited trading activity except for a 3 securities that had relatively high volumes. The market closed with 28 securities changing hands, resulting in 5,735,184 units trading, valued at $17,707,188, with 8 stocks rising, 8 declining in all market segments.
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.

Filed Under: JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Desnoes and Geddes’, Grace Kennedy, Jamaica Broilers, JMMB Group, Proven Investments, Sagicor Group, Scotia Group, Scotia Investments

4 TTSE stocks up 3 down on Tuesday

September 1, 2015 by IC Insider.com

First Citizens gained 50 cents to close at $35 on Tuesday

After closing for the Independence holiday on Monday, the Trinidad & Tobago Stock Exchange closed with 16 securities changing hands with the prices of 4 stocks rising, while the price of 3 declined and 9 traded with prices unchanged. A total of 177,287 shares traded, valued at $1,082,202.
At the close, the Composite Index advanced by 2.84 points to 1,144.38, the All T&T Index gained 1.88 points to 1,947.18 and the Cross Listed Index gained 0.51 points to 44.81.
Gains| Agostini’s traded 2,711 shares and closed at $17.26 with a gain of 1 cent, First Citizens Bank had 5,503 shares changing hands to end with a gain of 50 cents at $35, National Commercial Bank traded 13,600 shares and gained 11 cents, to close at $1.63 and Scotiabank closed with 7,288 shares changing hands valued at $454,771 to gain 8 cents and end at $62.40.
Losses| JMMB Group ended with a loss of 2 cents in trading 30,000 shares at 43 cents, Massy Holdings had just 80 shares trading at $62.49 with a loss of 1 cent and National Flour Mills with 51,040 shares changing hands, ended at $2.05 after shedding 4 cents.
Firm Trades|, Ansa McAl traded 460 units to end at $67.25, FirstCaribbean International Bank traded 1,298 shares and closed at $5, Grace Kennedy closed with 7,080 shares changing hands at $3.50,

up-at-guardian-holdings/”>Guardian Holdings added 1,949 shares to close at $12.90. One Caribbean Media traded only 80 shares with the price remaining at $22, Point Lisas traded 12,664 shares at $4.07, Prestige Holdings with 1,053 units changing hands ended at $9.89, Scotia Investments closed with 19,925 shares changing hands unchanged at $1.53 and Trinidad Cement ended at $2.75 with 22,556 shares changing hands.
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.

Filed Under: Stock Market, TTSE Market Tagged With: Agostini's, Ansa Mcal, Daily Trading, First Citizens, Firstcaribbean International Bank, Grace Kennedy, Guardian Holdings, JMMB, JMMB Group, Massy Holdings, National Flour Mills, NCB, One Caribbean Media, Point Lisas, Prestige Holdings, Scotia, Scotia Investments, Trading Activity, Trinidad Cement

Declining stocks clobber advancers on JSE

August 26, 2015 by IC Insider.com

VMBS Wealth acquired the bulk of shares trading in connection with the pension funds they manage.

The Jamaica Stock Exchange on Wednesday closed with main market indices dropping, with declining stocks far exceeding advancing ones. The market closed with a fairly high participation rate of 38 securities changing hands, resulting in 33,498,729 units trading, valued at $379,007,378 with only 6 stocks rising, 19 declining, in all market segments. The big jump in the level of trading took place with a switch in ownership to VMBS Wealth of the pension fund portfolio in stocks.
At the close, the JSE Market Index fell 262.83 points to 98,086.58. The JSE All Jamaican Composite index lost 293.77 points to close at 108,573.44 and the JSE combined index dropped 272.27 points to end at 100,777.77.

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 that reflects continuation of declining stocks having the upper hand over advancing ones. There was slightly less bias to the downside, than at the close of trading on Tuesday, with Wednesday’s reading of 7 stocks with bids higher than their last selling prices and 9 with offers that were lower.
In trading, Cable and Wireless fell 1 cent with 110,387 units and closed at 42 cents, Caribbean Cement had 54,911 units changing hands at $8, Carreras closed with 1,149,666 shares trading 50 cents lower at $49.49, with the bulk of the shares being a product of the VMBS Wealth pension portfolio shift. Grace Kennedy closed with 1,400,261 shares trading $64, Jamaica Broilers traded at $7 with just 1,000 shares changing hands, with a gain of $1.40. Jamaica Stock Exchange traded 2,105,142 shares at $7.89, JMMB Group traded 8,582,455 shares, including shares associated with the VMBS Wealth pension fund change, to close at $7.52, Kingston Properties had 664,191 shares trading for a fall of $1.01 to end at $6.99, National Commercial Bank traded 569,187 shares to end with a decline of 73 cents at $28.02.

Pan Jamaican fell 25 cents to end at $61 with 802,473 units changing hands, Radio Jamaica traded 37,900 shares unchanged at $3.01, Sagicor Group with 2,973,500 shares changing hands, closed 5 cents higher at $13. Scotia Group traded 198,010 units to close with a loss of 60 cents at $23.76, Scotia Investments traded 440,000 shares to close at $27.69 for a fall of 1 cent, Supreme Ventures ended at $3.40 with 13,828 units to be down by 40 cents and Jamaica Money Market Brokers 8.75% preference share traded 100,000 units to close at a 52 weeks’ low of $2.94, for a loss of 4 cents.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Desnoes and Geddes’, Gleaner, Grace Kennedy, Jamaica Broilers, JMMB Group, Kingston Properties, National Commercial Bank, Pan Jamaican, Radio Jamaica, Sagicor Group, Scotia Group, Scotia Investments, Seprod, Supreme Ventures, VMBS Wealth

JSE drops back again on Tuesday

August 25, 2015 by IC Insider.com

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The Jamaica Stock Exchange on Tuesday closed with main market indices dropping once more with declining stocks exceeding advancing ones but with a big jump in the amount of money involved in the trades. The market closed with a fairly high participation rate of 32 securities changing hands.
there were 9,467,807 units trading, valued at $111,559,301 with JMMB Group and National Commercial Bank accounting for the largest trades. At the close 7 stocks rose, 10 declined, in all market segments and the JSE Market Index fell 422.05 points to 98,349.41. The JSE All Jamaican Composite index lost 471.73 points to close at 108,867.21 and the JSE combined index dropped 671.77 points to end at 101,050.04.
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 that reflects continuation of declining stocks having the upper hand over advancing ones with 6 stocks with bids higher than their last selling prices and 12 with offers that were lower.
In trading, Cable and Wireless gained 3 cents with 77,930 units and closed at 43 cents, Caribbean Cement had 436,403 units changing hands at $8, Carreras closed with 253,200 shares trading 91 cents lower at $49.50, Grace Kennedy closed with 500,134 shares trading $64, Jamaica Broilers traded at $5.60 with 119,948 shares changing hands. JMMB Group traded 1,957,370 shares to close 2 cents up at $7.52, Mayberry Investments ended with 200,000 shares changing hands to close at $3.40 for a gain of 52 cents, National Commercial Bank traded 980,250 shares to end with a decline of $1.25 at $28.75, Pan Jamaican gained 55 cents to end at $61.25 with 5,500 units changing hands. Radio Jamaica traded 20,000 shares unchanged at $3.01, Sagicor Group with 40,000 shares changing hands, closed 1 cent lower at $12.95, Sagicor Real Estate Fund with 76,290 shares closed 50 cents lower at $7.80. Scotia Group traded 200,000 units to close with a loss of $1.64 at $24.36, Supreme Ventures ended at $3.80 with 112,413 units to be up by 46 cents and Jamaica Money Market Brokers 7.50% preference share traded 499,600 units at $2.

Filed Under: JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Gleaner, Grace Kennedy, Jamaica Broilers, JMMB Group, National Commercial Bank, Pan Jamaican, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Supreme Ventures

55% repo rate hike pressuring TTSE

August 25, 2015 by IC Insider.com

Massy Holdings shed 51 cents on Tuesday & helped pull TTSE down.

The sharp 55 percent rise in the central bank of Trinidad & Tobago repo rates since last year, continues to take a toll on prices of stocks listed on the Trinidad & Tobago Stock Exchange.
In Tuesday’s trading, 10 securities changed hands, one stock gained while the prices of 2 declined pulling down the TTSE two main indices and 7 traded with prices unchanged as a total of 428,778 shares traded, valued at $7,240,375. At the close, the Composite Index declined by 1.04 points to 1,142.48, the All T&T Index fell 2.21 points to 1,947.84 and the Cross Listed Index rose 0.02 points to 44.21.
Gains| Scotia Investments closed 2 cents higher with 30,000 shares changing hands at $1.53, to be the sole stock gaining.
Losses| Massy Holdings had 2,410 shares trading to end at $62.50, after shedding 51 cents and Trinidad Cement suffered a loss of 15 cents to close at $2.75 with 2,120 shares changing hands.

Firm Trades|, ANSA McAL contributed 26,740 shares with a value of $1,798,265 and closed at $67.25, Ansa Merchant Bank traded 984 units at $38.95, Clico Investment Fund traded 189,123 shares valued at $4,256,983 and closed at $22.50, First Citizens Bank had 9,285 shares changing hands valued at $324,975 and ended at $35. Guardian Media added 500 shares to close at $19.76, JMMB Group traded 122,958 shares to close at 42 cents and Sagicor Financial Corporation closed with 34,658 shares changing hands at $6, for a value of $207,948.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Mcal, Ansa Merchant Bank, First Citizens, Guardian Media, JMMB, JMMB Group, Massy Holdings, Sagicor, Scotia, Scotia Investments, Trading Activity, Trinidad Cement, TTSE

JSE adds back 1,000 points on Monday

August 24, 2015 by IC Insider.com

Scotia Group jumped back to $26 to help push the JSE up by more than 1,000 points.

The Jamaica Stock Exchange on Monday closed with main market indices rising strongly as Scotia Group traded up to close at $26. Based on trading pattern of this stock, the price may not last too long. The market closed with a fairly high participation rate of 35 securities changing hands, resulting in 2,516,662 units trading, valued at just $17,691,677 with 13 stocks rising, 8 declining. One stock traded at a new 52 weeks’ high, in all market segments.
At the close, the JSE Market Index gained 1,009.99 points to 98,771.46. The JSE All Jamaican Composite index added 1,128.88 points to close at 109,338.94 and the JSE combined index moved up 643.21 points to end at 101,721.81.
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 that reflects continuation of declining stocks having the upper hand over advancing ones with 4

stocks with bids higher than their last selling prices and 13 with offers that were lower.
In trading, Cable and Wireless with 279,208 units closed at 40 cents, Caribbean Cement had 27,500 units changing hands at $8, Gleaner closed with 116,172 shares and lost 2 cents to $1.90. Jamaica Broilers traded 2 cents lower at $5.60 with 308,788 shares changing hands, JMMB Group traded 162,644 shares at $7.50, Kingston Wharves hit a new 52 weeks’ high of $7.25 by gaining 5 cents with just 1,859 shares changing hands, Mayberry Investments ended with 14,080 shares changing hands to close at $2.88 for a fall of 52 cents. National Commercial Bank traded 108,565

shares to end with a gain of $1.98 at $30, Proven Investments ordinary share traded 7,228 units to close at 21 US cents, up 0.45 cents. Radio Jamaica traded 31,470 shares with the price unchanged at $3.01, Sagicor Group with 283,978 shares changing hands, closed 4 cents lower at $12.96, Scotia Group traded 145,930 units to close at $26, by gaining $2, Scotia hand 3,900 of the shares traded at $26, 1,000 at $15.99 and 61,441 traded at $25 all the rest traded at $24.01 to a low of $23.73. Supreme Ventures ended at $3.34 with 58,896 units to be up by 4 cents and Jamaica Money Market Brokers 7.50% preference share traded 35,150 units at $2.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: C&WJ, Cable & Wireless, Caribbean Cement, Daily Trading, Gleaner, Jamaica Broilers, JMMB Group, Kingston Wharves, Mayberry Investments, National Commercial Bank, Proven Investments, Radio Jamaica, Sagicor Group, Scotia Group, Supreme Ventures

Over 3,000 points off JSE for week

August 21, 2015 by IC Insider.com

NCB helped pull the JSE down by more than 3,000 points in closing at $28.02 on Friday.

The Jamaica Stock Exchange on Friday closed with main market indices recording another day of losses, adding to the losses of the previous two days. The market closed with a fairly high participation rate of 33 securities changing hands resulting in 5,295,463 units trading, valued at $53,837,873 with 9 stocks rising, 10 declining including 1 stock closing at 52 weeks high and 1 at a 52 weeks’ low, in all market segments.
At the close, the JSE Market Index fell 680.29 points to 97,761.47, for the week the index lost 3,047.20 points. The JSE All Jamaican Composite index dived 760.37 points on Friday and 3,405.92 for the week to close at 108,210.06 and the JSE combined index dropped 731.14 points for the day and 3,285.21 points for the week, to end at 101,078.60.

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 that reflects continuation of declining stocks having the upper hand over advancing ones with 8 stocks with bids higher than their last selling prices and 8 with offers that were lower.
In trading, Caribbean Cement had 87,642 units changing hands at $8, Carreras traded 163,263 shares at $50, Desnoes & Geddes traded 1,732,428 shares at $7, Gleaner closed with 18,416 shares and rose 12 cents to $1.92. Jamaica Broilers traded at $5.62 with 203,100 shares changing hands for a loss of 23 cents, JMMB Group traded 254,309 shares for a fall of 45 cents to $7.50,

Kingston Wharves ended with 6,000 shares changing hands to close at a 52 weeks’ high of $7.20 for a gain of 4 cents. National Commercial Bank traded 390,891 shares to end lower by 98 cents to $28.02, Palace Amusement traded 6,300 shares at $88 to add $13, Proven Investments ordinary share traded 320,000 units at 20.55 US cents, up 1.05 cents. Sagicor Group with 134,976 shares changing hands, closed 5 cents higher at $13, Scotia Group traded 166,559 units to close at $24, up 25 cents. Supreme Ventures ended at $3.30 with 15,253 units to be down by 5 cents and Jamaica Money Market Brokers 7.50% preference share traded 486,000 units at $2.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Caribbean Cement, Desnoes and Geddes’, Gleaner, Grace Kennedy, Jamaica Broilers, JMMB Group, Kingston Wharves, National Commercial Bank, Palace Amusement, Proven Investments, Sagicor Group, Scotia Group, Supreme Ventures

No end to TTSE fall

August 20, 2015 by IC Insider.com

In overall trading Thursday on the Trinidad & Tobago Stock Exchange,15 securities changed hands, the price of 1 rose, 4 declined including 2 closing at a 52 weeks’ low and 10 traded with prices unchanged as a total of 174,395 shares traded, valued at $2,472,069.
At the close of the market, the Composite Index slid 2.06 points to 1,145.61, the All T&T Index fell 2.75 points to 1,954.54 and the Cross Listed Index fell 0.18 points to close at 44.15.
Gains| Clico Investment Fund traded 58,680 shares valued at $1,320,867 and closed 1 cent higher at $22.51.
Losses| ANSA McAL contributed 636 shares in trading, to close at $67.25 with the loss of a cent, JMMB Group traded 2,000 shares to close 4 cents down at 41 cents. National Enterprises with 827 shares changing hands, and lost 9 cents, to close at a 52 weeks’ low at $17 and Republic Bank suffered a loss of 1 cent to close at a 52 weeks’ low of $113.99 with 6,423 shares changing hands, at a value of $732,158.
Firm Trades| Angostura Holdings with 40 shares changing hands, closed at $14, Ansa Merchant Bank traded 446 units at $38.95, Grace Kennedy had 240 units changing hands at $3.50, Guardian Holdings added 2,000 shares to close at $12.90, Guardian Media traded 300 shares with the price remaining at $19.76. Massy Holdings traded 73 shares to close at $67.02, National Flour Mills with 51,250 shares traded and closed at $2.20, One Caribbean Media traded 100 shares with the price closing at $22.31, had 712 shares changing hands at $62.32 at the close and Trinidad Cement traded 50,668 at $2.90.
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 3 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, Ansa Mcal, Ansa Merchant Bank, clico, First Citizens, Grace Kennedy, JMMB, JMMB Group, Massy Holdings, National Enterprises, NCB, Republic Bank, Scotia, Trading Activity, Trinidad Cement, TTSE

JSE drops Monday Morning

August 17, 2015 by IC Insider.com

The Jamaica Stock market made moderate losses in the Monday morning session, at 11:15 am. In the process the All Jamaica Index trades at 111,329.50 having fallen by 286.48 points, JSE Market Index declined 256.31 points to 100,552.36. The combined index fell 217.09 points to be at 104,146.72 and the junior market index trades at 1,031.09, having gained 2.71 points.
Carreras dropped $1.50 to $50 with 84,690 shares, Gleaner Company traded 61,465 shares and fell 41 cents to $2.30. JMMB Group traded up to $7.99 with the company reporting strong increase in profit for the first quarter and Scotia Investments traded 9,157 units with decline of 69 cents to $27.30.
A total of 23 securities with a volume of only 865,541 units have traded with 10 stocks declining versus 5 that that rose. Trading saw 6 securities in the junior market changing hands with General Accident falling 14 cents in response to poor second quarter results.

Filed Under: JSE Main Market, Stock Market Tagged With: Carreras, General Accident, Gleaner, JMMB Group, Scotia

12 stocks up 15 down as JSE indices jump

August 13, 2015 by IC Insider.com

JSE main market pierced resistance at 108,000 points & is heading to the next resistance level at 115,000 points.

The Jamaica stock market closed with 12 stocks rising, 15 declining as 36 securities changed hands with 5,017,857 units trading, valued at $33,419,303 and 3 stocks closed at new 52 weeks’ high one closed at 52 weeks’ low and one traded at an intraday weeks’ 52 high, in all market segments.
At the close, the JSE Market Index gained 676.72 points to 102,186.50, the JSE All Jamaican Composite index rose 756.39 points to close at 113,156.01 and the JSE combined index climbed 660.25 points to end at 105,742.36.
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 10 with offers that were lower.

In trading, Cable and Wireless ended with 990,000 units changing hands at 40 cents, Caribbean Cement stock fell $1.35 to close at $7.15 but traded as high as $8.60 with 669,805 units traded, Carreras traded 3,200 units to close 50 cents off at $51.50, Desnoes & Geddes had 43,637 shares changing hands at $6.80, up 29 cents. Gleaner closed with 377,400 shares traded at new closing 52 weeks’ high of $2.72 for a gain of 21 cents. Grace Kennedy traded 138,893 shares to end at $64.01, Jamaica Producers gained 20 cents to end at $19 with 3,160 units trading. JP yesterday reported earnings for the second quarter attributable to shareholders of $414 million but the bulk of that it, $319 million came from gain on sale of fixed assets and investments. The year-to-date to June net profit attributable to JP shareholders was $589 million compared to $138 million in 2014 of which $429 million came from gains on disposal of fixed assets and investments. JMMB Group traded

30,000 units and fell 10 cents to end at $7.50, Mayberry Investments had 149,575 shares trading at $3.15, National Commercial Bank traded 109,682 shares at $30.10 with a decline of 90 cents. Radio Jamaica traded just 59,325 shares to end at $4, for a 30 cents decline, Proven Investments closed at 19 US cents after gaining 1.50 US cents with 255,000 shares changing hands, Sagicor Group ended trading with 30,528 units at $13.10 to add 5 cents. Sagicor Real Estate Fund closed at $8.30 while trading 27,548 units, Scotia Group lost 45 cents and ended with 61,898 units trading at $26, and Supreme Ventures traded 27,997 shares at $4 after shedding 50 cents and Proven Investments 8% preference ended at a new 52 weeks’ low of $4.96 with 418,000 units changing hands after losing 2 cents.