Mayberry Investments

JSE’s modest gains but 14 stocks rise

May 25, 2015 by IC Insider.com

RJR closed at 52 weeks’ high on Friday

Activity on the Jamaica Stock Exchange, resulted in the prices of 14 stocks rising, 7 declining as 29 securities changed hands, ending in 3,995,019 units trading, valued at $28,635,285, in all market segments. A total of 3 stocks closed at new 52 weeks’ high in the main market.
TheJSE Market Index gained 111.93 points to 98,494.44, the JSE All Jamaican Composite index rose 125.14 points to close at 108,839.65 and the JSE combined index put on 244.08 points to end at 100,819.51. Close to mid-day the all Jamaican Composite index ended had gained 755.19 points added while the JSE index added 675.46 points. and the junior market index gained 20.52 points to 883.66.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator continues to flash bullish signals with 14 stocks with bids higher than their last selling prices and 6 with offers that were lower.

tocks trading in the main market at new closed at 52 weeks’ high are Barita Investments, Pan Jamaican Investments Trust and Radio Jamaica. Jamaica Broilers traded during the day at $5.74 for a new 52 weeks intra-day high but closed lower at a former 52 weeks closing high of $5.50. Other trades in the main market include Cable & Wireless with 459,765 shares trading at 47 cents, to record a 1 cent gain. Caribbean Cement traded 50,000 to close at $4.35 but traded as high as $4.80, Grace Kennedy gained 25 cents to close at $62.75 with 7,253 units trading, Hardware & Lumber traded only 3,000 units at $10.25 to $12, Jamaica Broilers had 27,400 trading as high $5.74 but closed unchanged at $5.50, JMMB Group has 955,266 units trading at $9 and gained 11 cents, Mayberry Investments traded 109,856 units to close at $2.85 with a 15 cents loss but traded previously at $3.National Commercial Bank had 100,819

shares trading at $30, Radio Jamaica traded 100,000 shares is at $2.60, Sagicor Group traded 466,995 shares with the price climbing 15 cents to $12.15. Scotia Group had 141,655 shares changing hands at $25.50 by putting on 18 cents, Proven Investments fell to 18.50 US cents with 78,150 units trading and Jamaica Money Market Brokers 7.50% preference shares ended with 728,100 units at $2.30 as the price slipped 10 cents.
At the close of the market Sagicor Real Estate Fund had a bid at $8.30 compared with the last sale price of $8, but only 100 units were on the bid and only one offer was posted at $10. Investors are responding to reported strong increase in profit flowing from primarily form the profit of the hotel acquired in 2014, but they may not be taking into consideration the seasonal flows of revenues and profit in the industry that see strong inflows in the winter months and lower amounts in the other months.

JSE Markets up pace slowing

May 18, 2015 by IC Insider.com

Grace fell $1 after reporting a decline in Q1 profits

The main market indices of the Jamaica Stock Exchange recorded another day of gains on Monday, but the current run up for the main market, may be peaking, until the summer months. With the latest inflation number being very tame, the stage may be set for another round of lower interest rates that could ignite the market again before long.
Activity on the Jamaica Stock Exchange, resulted in the prices of 15 stocks rising, including 8 new 52 weeks’ high, 7 declining as 35 securities changed hands, ending in 4,079,019 units trading, valued at $46,667,393, in all market segments. The JSE Market Index gained 295.86 points to 99,287.96, the JSE All Jamaican Composite index rose 330.79 points to close at 109,726.84 and the JSE combined index gained/ put on 321.05 points to close at 101,740.07. Stocks closing at new 52 weeks’ highs, in the main market are, Berger Paints, Desnoes and Geddes, Caribbean Cement, Jamaica Broilers and Radio Jamaica.

IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 9 stocks with bids higher than their last selling prices and 3 with offers that were lower.
Stocks trading include, Berger Paints ended trading with 81,477 shares changing hands to close 20 cents higher at $2.55, Caribbean Cement closed with 240,866 shares trading, 89 cents higher, at $5.10, Carreras finished trading with 20,385 shares and lost 35 cents to close at $49, Desnoes & Geddes saw trading in 31,000 shares trading 5 cents higher at $7.25. Gleaner closed with 170,739 units trading, with the price unchanged at $1, Grace Kennedy finished trading with 42,032 shares and fell $1 to close at $63.50. Jamaica Stock Exchange concluded trading with 25,000 units trading with the last price unchanged at $3.50, JMMB Group completed trading in 11,506 shares changing hands and jumped $50 cents at $10,the stock closed with an offer at $9.49, Kingston Wharves had dealing in 34,221 units traded at 6 cents up to $6.26.

Mayberry Investments contributed 93,828 units to trading and close unchanged at $3, National Commercial Bank ended trading with 52,070 shares changing hands to close down by 50 cents at $30 and based on today’s trading which saw the bid that was at $30 for several days, to buy an undisclosed amount being pulled, it looks as if the price could fall back below $30, Radio Jamaica closed with 100,000 shares trading at $2.48 after adding 8 cents, Sagicor Group finished trading with 1,127,037 units but remained unchanged at $12, after it trading during the day at $11. Scotia Group ended trading 72,725 units to close 14 cents higher, at $25.30, Scotia Investments closed with 2,300 shares, 75 cents up at $25.50. Jamaica Money Market Brokers 8.75% preference share finished trading with 153,398 units changing hands to close 2 cents higher at $3.02 and Proven Investments 8% preference shares saw trading in 26,805 units with the price ending unchanged at $5, after gaining 50 cents earlier in the day before falling back.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Caribbean Cement, Carreras, Desnoes & Geddes, Gleaner, Grace Kennedy, Jamaica Money Market Brokers 8.75%, Jamaica Stock Exchange, JMMB Group, Kingston Wharves, Mayberry Investments, National Commercial Bank, Proven Investments 8%, Radio Jamaica, Sagicor Group, Scotia Group, Scotia Investments

19 stocks rose only 3 fell on JSE

May 15, 2015 by IC Insider.com

Hardware & Lumber gained $1.25 to a new high of $12 in response to news that Grace is in negotiation to sell their interest in the company

There were only three stocks declining on the Jamaica Stock Exchange on Friday, while 18 stocks rose, compared with the last traded prices on Thursday, but the main market indices dropped more than 500 points as Scotia Group fell back to $25.16. The market closed with 19 stocks rising, 8 of which closed at 52 weeks’ high, 3 declining as 28 securities changed hands, well down from the 41 that traded on Thursday. In the end a total of 5,475,513 units valued at $56,463,857 traded, in all market segments.
The rally started last year fuelled by falling money market rates with Treasury bill rate falling from over 9 percent to below 7 percent. The current rally is be fuelled by rising profits from the majority of companies reporting first quarter results.
The JSE Market Index lost 507.33 points to 98,992.10, the JSE All Jamaican Composite index fell 567.23 points to close at 109,396.05 and the JSE combined index declined 237.32 points to close at 101,419.02.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 15 stocks with bids higher than their last selling prices and 2 with offers that were lower.

Stocks in the main market trading to close at a 52 weeks’ high, are Berger Paints, Desnoes & Geddes, Hardware & Lumber, Jamaica Stock Exchange, JMMB Group and Mayberry Investments. In trading, Barita Investments ended with 622,050 shares changing hands to close at $2.35, Berger Paints closed with 55,162 shares trading, 27 cents higher at $2.35, Cable & Wireless finished trading with 619,569 shares to gain 1 cent to 47 cents, Caribbean Cement saw trading in 3,351 shares, to close 1 cent higher at $4.21. Carreras closed with 32,376 shares changing hands to close 35 cents up at $49.35, Desnoes & Geddes finished trading with 14,650 shares and gained 10 cents in trading to close at $7.20, Grace Kennedy concluded trading with 307,283 units trading with the last price unchanged at $64.50, Hardware & Lumber completed trading in 9,092 shares changing hands and jumped $1.20 at $12 as investors responded to news that Grace is discussing selling their stake in the company. Jamaica Broilers had dealing in 48,730 units traded at $5.16 to remain unchanged at the end. Jamaica Stock Exchange contributed 244,616 shares, the price jumped 60 cents or 21 percent in response to the company’s huge jump in their first quarter results showing profit of $87 million or 62 cents and ended at $3.50. Trading was halted for an hour after the price exceeded 15 percent. JMMB Group ended with 27,855 shares changing hands to close up by 10 cents at $9.60, Mayberry Investments closed with 12,289 shares trading at $3,after adding 12 cents, National Commercial Bank finished trading with 468,084 units unchanged at $30.50. Pan Jamaican Investment ended trading with 14,769 units 12 cents higher, at $58.25, Sagicor Group closed with 191,168 shares trading 15 cents lower at $12. Scotia Group finished trading with 88,383 shares changing hands to close 84 cents lower at $25.16, Seprod saw trading in 335,400 shares ending 25 cents up at $18.50 and Jamaica Money Market Brokers 7.50% preference share ended with 68,650 units trading with a 5 cents rise to $2.15.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paint, Cable & Wireless, Caribbean Cement, Carreras, Desnoes & Geddes, Grace Kennedy, H&L, Jamaica Broilers, Jamaica Money Market Brokers 7.50% preference share, Jamaica Stock Exchange, JMMB Group, Mayberry Investments, National Commercial Bank, Pan Jamaican Investment, Sagicor Group, Scotia Group, Seprod

JSE back at August 2008 levels

May 11, 2015 by IC Insider.com

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Scotia rose to $27 during trading to help push market on Monday

The Jamaica Stock Exchange closed Monday at a 82 months’ high, taking it back to August 2008, just before the market tanked, ahead of rising interest rates locally.
Today’s trading resulted in the prices of 13 stocks rising, 9 declining as 32 securities changed hands, ending in 3,376,261 units trading, valued at $34,457,428, in all market segments with the market indices continuing to record gains. The market closed with 6 new 52 weeks high in the junior and main market.
TheJSE Market Index gained 1,291.03 points to 98,710.56, the JSE All Jamaican Composite index rose 1,443.44 points to close at 109,081.28 and the JSE Combined Index closed at 100,708.70 with a gain of 1,293.92 points.

The JSE All Jamaican Composite index closed at the highest level since it closed on August 28, 2008 at 109,877.58. Based on Monday’s close, the market has now crossed over the resistance trend line, just below today’s close. With Scotia Group pulling back from today‘s high of $27, there is no certainty that it will remain above resistance at the close on Tuesday, even if it does not pull back, the 115,000 mark, just 6,000 points away, is likely to be a real test as most first quarter results would have been released this week.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 11 stocks with bids higher than their last selling prices and 4 with offers that were lower.
Stocks trading include, Berger Paints trading 2,705 shares at $1.80 after shedding 15 cents. Cable & Wireless ended with 196,631

shares to close up 3 cents at 46 cents, Caribbean Cement ended with 15,074 units with the price falling 49 cents to $4.50, Carreras traded just 2,000 shares and declined 85 cents to $48.10, Desnoes & Geddes traded 252,106 shares $6.90 while adding 30 cents, Gleaner finished trading 886,808 units at $1, Jamaica Broilers ended trading with 7,634 shares at a new 52 weeks’ high of $5.25 after posting a gain of 45 cents. Jamaica Stock Exchange ended with 607,587 units and lost 3 cents at $2.90, JMMB Group closed with 35,677 shares at $9.10, for a gain of 39 cents. Mayberry Investments had dealing in only 1,669 shares to close at $2.80, to gain 5 cents, while National Commercial Bank contributed 845,891 shares at $30. Radio Jamaica traded gained 19 cents while 25,185 shares traded at a new 52 weeks’ high of $2.19, Sagicor Group completed trading with 191,940 units at $12, with a 10 cents loss. Scotia Group traded 16,348 shares to close at $25.02 to lose 98 cents compared to Friday’s close but traded at a new intraday high of $27. Scotia Investments had 10,000 units trading at $24.60 to gain 10 cents and Jamaica Money Market Brokers 7.50% preference share traded 50,000 units at $2.11.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Carreras, Desnoes & Geddes, Gleaner, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Stock Exchange, JMMB Group, Mayberry Investments, National Commercial Bank, Radio Jamaica, Sagicor Group, Scotia Group, Scotia Investments

Mayberry post good Q1 numbers

May 11, 2015 by IC Insider.com

Mayberry Investments released first quarter results for 2015, showing earnings of $82 million or 7 cents per shares, after booking the full amount of asset tax amounting to $49 million in the quarter. In the prior year the company reported profit of $76 million or 6 cents per share reflecting total asset tax of $6 million. The quality of the earnings is encouraging with no one area being dominant especially areas that are less predictable such investment gains. Helping with the improved results are increases in net interest income amounting to $22 million as interest expenses fell while interest income held close to 2014 levels, dividend income rose by $29 million and trading gains by $18 million as other operating expenses fell by $25 million and bad debts declined by $14 million. The improvements were offset by a fall out of the share of profits of $31 million from the former associate, Access Financial Services. Based on these latest results, profit for the full year should come in around 30 cents per share. Profits should, however, get a big boost from stock market gains, with the upward movement of stock prices since the end of the first quarter as well as increased commission from equity trading with volumes in the overall market increasing around 40 percent so far this year. Mayberry is likely to see substantial gains in the equity portfolio which stood at $3 billion at the end of December last year, with the recovery in the local stock market, to date with more expected during the remainder of the year. IC Insider sees the gains to be had from the large pool of equities as the most appealing attraction for future gains from an investment in this investment bank’s stock, accordingly, the stock is seen as Buy Rated for medium to long-term investment.
Total assets climbed to $23.7 billion from $21.8 billion at March 2014 with equity of $4.3 billion and the stock last traded on the Jamaica Stock Exchange on Friday at $2.75, close to a PE of 9 based on this year’s estimated earnings.

Filed Under: Company News, Company Results Tagged With: Jamaica Stock Exchange, Mayberry Investments

Will JSE scale resistance?

May 8, 2015 by IC Insider.com

Scotia closed at a new 52 weeks’ high on Friday at $26

Activity on the Jamaica Stock Exchange, resulted in the prices of 10 stocks rising, 7 declining as 29 securities changed hands, ending in 6,141,061 units trading, valued at $71,781,428, in all market segments.
The big question with some profit taking on Friday is whether the market has enough fuel to clear resistance around 109,000 points on the all Jamaica Composite index on this leg of the rally, or will it have to wait until summer, when the market usually resumes it advance after what is normally a softening after mid-May. Even if it does scale the pending resistance there is another at 115,000 points which is likely to be the first real test before it moves on.
In the first hour of trading on Friday the all Jamaica Composite index was up 653.67 points to 108,085.44 and the JSE index put on 584.65 to 97,819.86, sometime after the indices slipped back with a fall in the price of a number of large company stocks.

At the close, theJSE Market Index advanced 184.32 points to 97,419.53, theJSE All Jamaican Composite index rose 206.07 points to close at 107,637.84 and the JSE combined index gained 287.20 points to close at 99,424.78.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 12 stocks with bids higher than their last selling prices and 5 with offers that were lower.
In trading, Barita Investments ended with 100,000 shares changing hands, 1 cent higher, at $2.31. Caribbean Cement closed with 66,000 units trading at $4.99 with a 1 cent slippage, Desnoes & Geddes finished trading with 264,406 shares to end at $6.60, by shedding 40 cents, Grace Kennedy saw trading in 13,244 units unchanged at $65.50, Jamaica Broilers ended with 40,831 shares trading but lost 20 cents to $4.80. Jamaica Stock Exchange closed with 375,000 units changing hands but remained at $2.93, JMMB Group finished trading with a fall of 29 cents with 867,080 shares to end at $8.71. Mayberry Investments concluded trading with 203,163 shares and gained 10 cents, at $2.75,

National Commercial Bank ended unchanged at $30, in trading 126,642 units, Sagicor Group had dealing in 157,550 units and ended at $12.10, with a 10 cents increase. Scotia Group contributed 1,967,501 shares with a $50 million value to close at a new 52 weeks high of $26 after rising $1, Seprod ended trading with 36,900 shares at $18.25, down 25 cents and Jamaica Money Market Brokers 8.75% preference share traded closed with 148,603 at $3.10.
The stocks to watch for the week ahead include Barita with a bid at $2.30 with one offer at $5, Cable & Wireless with the bid of 44 cents, last sale 43 cents, Jamaica Producers with the bid of $18.52 and an offer at $25. JMMB Group having a bid at $8.72 versus last sale of $8.71, National Commercial Bank is well supported by NCB Capital Market with an undisclosed amount being bought at $30, Mayberry bid $2.75 to but 128,962 units. Pan Jamaican Investment bid at $58 and no stock on offer. Radio Jamaica with a last selling price of $2 and a bid at $2.20 and Scotia Investments with a bid at $24.80 against a last sale price of $24.50.

Filed Under: JSE Main Market, Stock Market Tagged With: Barita Investments, Cable & Wireless, Caribbean Cement, Desnoes & Geddes, GraceKennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Stock Exchange, JMMB Group, Mayberry Investments, National Commercial Bank, Pan Jamaican Investment, Radio Jamaica, Sagicor Group, Scotia Group, Seprod

18 gains 10 new highs – Tuesday

May 5, 2015 by IC Insider.com

H&L gained 35% or $2.65 to $10.15 on Tuesday

The closing main market indices do not tell the full tale of activity on the Jamaica Stock Exchange on Tuesday, as the day closed with 10 new at 52 weeks’ high and with advancing stocks out numbering declining stocks, by a wide margin as 60 percent of stocks trading increased in price. During the early morning, trading in two stocks was halted having exceeded the 15 percent circuit breaker maximum price movement initially.
Hardware and Lumber one of the stocks after an hour freeze in the trade went through with a gain of 29.70 percent but Radio Jamaica price of $3 that the stock had attempted trading at, was well over the 30 percent allowed and was cancelled. Ciboney price gained more than thirty percent from the last price but the bid on the previous day was such that the trade could take place unimpeded as the benchmark for the 15 percent was the bid price in the case. The market closed with the prices of 18 stocks rising, 5 declining, with 30 securities changing hands, ending in 7,028,882 units trading, valued at $46,086,343, in all market segments.

Main Market| The JSE Market Index gained just 11.21 points to 95,493.85, the JSE All Jamaican Composite index rose 12.53 points to close at 105,484.85 and the JSE combined index gained 181.45 points to close at 97,599.81.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 14 stocks with bids higher than their last selling prices and 2 with offers that were lower.
In trading, Caribbean Cement ended with 50,000 units to close higher by 80 cents to end at $5, a new 52 weeks’ high, Carreras closed with 18,000 shares trading as the price jumped $2.82 to $50, a new 52 weeks’ high. Ciboney finished with 500,000 units and put on 2 cents to close at 9 cents, Desnoes & Geddes finished trading with 500 shares and gained of 2 cents to end at a new 52 weeks’ high of $6.51. Grace Kennedy concluded trading with just 10,193 units, 11 cents higher at $64.12, Hardware & Lumber had trading of 4,000 shares, the price climbed $2.65 to end at $10.15, Jamaica Broilers contributed 176,408 shares but the price gained by 9 cents to $5, JMMB Group finished trading with 1,026,000 units to close at $8.30, for a new 52 weeks’ high. Mayberry Investments had dealing in 120,581 units with a gain on 1 cent to end at a new 52 weeks’ high of $2.80,

National Commercial Bank contributed 275,391 shares to trading and ended higher by 51 cents at $30.50, Pan Jamaican Investment ended with 169,314 units trading, 51 cents higher at $57.51. Sagicor Group closed with 160,357 shares traded with a gain of 20 cents to $12.20, a new 52 weeks’ high. Scotia Group finished with 30,305 shares as the price ended at $25, Seprod finished trading with 64,600 units to close at $18.50, Supreme Ventures concluded trading with 755,156 shares as the rice rose 39 cents to end at $3.90, a new 52 weeks’ high. Proven Investments had trading in 25,994 units with the price falling .001 us cents to end at 20.99 us cents, Jamaica Money Market Brokers 8.75% preference share finished trading with 180,097 units with a decline of 20 cents to $3 and Proven Investments 8% preference share closed with 64,240 units as the price slipped 5 cents to $5.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Caribbean Cement, Carreras, Ciboney Group, Desnoes & Geddes, Grace Kennedy, H&L, Jamaica Broilers, Jamaica Money Market Brokers, JMMB Group, Mayberry Investments, National Commercial Bank, Pan Jamaican Investment, Proven Investments, Radio Jamaica, Sagicor Group, Scotia Group, Seprod, Supreme Ventures

Carib Cement shares frozen

May 4, 2015 by IC Insider.com

Caribbean Cement is now listed as trading at $5 which would be the highest for more than a year, but the trade pushing the price to that level has, resulted in the stock being frozen from trading for an hour.
The stock can trade up to another 15 percent higher from the $4.60 or a maximum of $5.29 for the day. Mayberry Investments crossed 300,000 units at $4.08 shares which were sold from in house inventory to a client similarly another 1,000,000 units at $4.18 and 2,000,000 units at $4.20 was similarly traded by them fro in house inventory.
Mayberry Investments also traded 177,448 shares at $4.80 and 7,000 at $5 both these trades exceeded the permitted price change of 15 percent which led to the stock be frozen unit 11.48am. the stock has been responding to a big jump in profit for the first quarter, suggesting earnings should exceed $1 per shares.

Filed Under: Breaking News, JSE Main Market, Stock Market Tagged With: Caribbean Cement, Mayberry Investments

JSE on a gallop to 31/2 year high

May 1, 2015 by IC Insider.com

As if to make up for lost time the Jamaica Stock Exchange is now on a gallop, putting in another day of outsized gains. The market unlike most of the past 5 days, shot out of the box with a number of trades within 5 minutes of opening. By the close the prices of 16 securities rose with 8 of them closing at 52 weeks’ high and pushing the market to its highest level since mid-November 2011.
The prices of only 2 stocks declined as 23 securities changed hands, ending in 3,992,674 units trading, valued at $35,124,269, in all market segments. Even the junior market that has been a laggard this year, moved up sharply on Friday and is now just 29 points away from its all-time high reached in 2013.
The JSE Market Index gained 2,824.66 points to 96,089.09, the JSE All Jamaican Composite Index jumped 3,158.10 points to close at 106,150.35, just below the level reached on November 11, 2011 and the JSE Combined Index leaped 2,890.21 points to close at 97,932.95.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows stocks with bids higher than their last selling prices and with offers that were lower.
In trading, Cable & Wireless ended with 1,037,588 units to close lower by 4 cents at 48 cents, Caribbean Cement with 902,807 shares changing hands, closed higher by 15 cents to $4,in continued response to excellent Q1 results. Carreras finished with 8,774 shares trading with a gain of 42 cents to a new 52 weeks’ high of $47.50, Desnoes & Geddes finished trading with only 28,000 shares, gaining 47 cents to a new 52 weeks’ high of $6.49, Grace Kennedy concluded trading with 172,590 shares but the price dropped 39 cents to $63.60, Jamaica Broilers ended up trading 66,500 units to close with a gain of 35 cents to $5.10. Jamaica Producers finished trading with just 2,812 shares, with the price rising $1.25 to $18.50. There was dealing in 168,500 units of Mayberry Investments as the stock put on 5 cents to close at a new 52 weeks’ high of $2.65, National Commercial Bank contributed 433,054 shares to end with an increase of 42 cents to close at a new 52 weeks’ high of $30.50, the stock traded as high as $31. Sagicor Group ended with 212,335 units changing hands and put on 52 cents, to a new 52 weeks’ high of $11.53 after trading as high as $12.20. Scotia Group closed with 8,627 units and put on $2.26 to a new 52 weeks’ high of $25.49, Jamaica Money Market Brokers 7.50% preference share traded 140,900 units to end at $2.30 and Jamaica Money Market Brokers 8.75% preference share had 80,000 units changing hands at $3.20.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Caribbean Cement, Carreras, Desnoes & Geddes, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers 7.50%, Jamaica Money Market Brokers 8.75%, Jamaica Producers, Mayberry Investments, National Commercial Bank, Sagicor Group, Scotia Group

JSE jumps Thursday up 11% for April

April 30, 2015 by IC Insider.com

NCB closed at a new 52 weeks’ high at $30.08 and is up 77% from the low in summer last year.

The Jamaica Stock Exchange, ended on another strong note, with the largest number of stocks gaining for a long time. The market closed out April with big gains for the month. At the end of March the all Jamaica Composite Index was at 92,415.82 and gained 10,576.43 points or 11.4 percent during April.
The strong market activity on Thursday, resulted in the prices of 23 stocks rising, 5 declining as 34 securities changed hands, ending in 7,695,548 units trading, valued at $109,643,238, in all market segments. The JSE Market Index gained 1,987.22 points to 93,264.43, the JSE All Jamaican Composite index jumped 2,221.80 points to close at 102,992.25 and the JSE combined index gained 2,133.14 points to close at 95,042.74. At one point during trading, the market recorded more than 3,000 points gain on the all Jamaica Composite index.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 13 stocks with bids higher than their last selling prices and only 2 with offers that were lower. This out turn indicates another strong day ahead for price movements.
The main stocks trading| Caribbean Cement traded only 100 shares, gained 55 cents to end at $3.85, but closed with the bid at $3.88, Carreras ended trading with 31,886 shares to close at a new 52 weeks’ high of $47.08, but ended with a bid at $47.49, followed by Desnoes & Geddes with only 500 units in closing at a new 52 weeks’ high of $6.02. Hardware & Lumber had only 480 units changing hands, gained 45 cents to end at $7.50,

Jamaica Broilers closed with 24,500 shares at $4.75, after falling by 35 cents, Jamaica Producers lost 25 cents with 60,000 shares to end at $17.25. JMMB Group gained 50 cents and closed at a new 52 weeks’ high of $8 with 13,250 shares changing hands, Kingston Wharves traded 16,105 units with the price declining 56 cents to $5.95. Mayberry Investments had 711,200 units changing hands a new 52 weeks’ high of $2.60, National Commercial Bank traded 3,066,787 shares between $29.50 and the closing price and closed with a gain of $1.58 at a new 52 weeks’ high of $30.08. Pan Jamaican Investment price fell $3 with only 885 units trading at $57, Sagicor Group had 290,390 shares and closed 21 cents higher for a new 52 weeks’ high of $11.01. Scotia Group traded 58,380 shares to gain 25 cents and end at a new 52 weeks’ high of $23.25, Scotia Investments traded just 910 units to gain $2.90 and closed at $27, Seprod had only 630 units trading, to end at $18.50 and Supreme Ventures traded 515,400 units to close at $3.50, but traded as high as $3.75, for a new 52 weeks intraday high.