Jamaican stocks pull back from record

Sagicor Group ended at a record close on Tuesday.

Sagicor Group ended at a record close on Tuesday.

Trading rose on the Jamaica Stock Exchange on Tuesday with increased volume but the value fell. Prices mostly fell, pulling the indices back from the record close on Monday.
The All Jamaica Composite Index closed with a fall of 1,065.07 points, to close at 203,183.02 to be up by 21 percent for the year to date. The JSE Market Index dropped 952.36 points to finish at 186,056.31. The JSE combined index declined by 647.20 points to close at 198,710.84, with gain for the year to date, of 26 percent.
Market activity ended with 43 securities changing hands. At the close, the prices of 12 stocks gained while 20 declined in the overall market, including 4 stocks rising and 8 falling, in the junior market.
Supreme Ventures was by far the leading trade with 9,605,483 units with a value of $47.69 million to end unchanged at $5.
The market ended with 22,971,772 units valued at $146,022,777 changed hands, compared to 15,872,231 units valued at $373,022,747 changing hands on Monday. Of the stocks traded, the junior market accounted for 4,752,058 units changing hands, valued at $32,819,600.
ICI JSE sum 20-12-16 The average trade for the day in the main market ended at 728,789 shares compared to an average of 347,644 units traded on Monday. The average for the month to date ends at 538,216 shares compared to an average of 248,915 units for the month up to Monday. November ended with an average of 208,466 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 10 stocks with bids higher than their last selling prices and 7 with lower offers.
In market activity, Berger Paints traded 19,191 shares and but lost 60 cents to end at $5, Cable & Wireless had 1,502,331 units trading as the price slipped 10 cents to end at 70 cents, after it traded as high as 95 cents. Caribbean Cement traded with a loss of $2.81 while trading 2,650 shares at $33.19, Carreras rose 25 cents in exchanging 117,093 shares to close at $66.25, Investors traded 254,597 shares of 1834 Investments to close with a loss of 20 cents at $1.15. Grace Kennedy gained 1 cent to close at $40.01 with 249,612 shares changing hands. Jamaica Stock Exchange traded 157,935 shares, to end at $5.60, JMMB Group traded 2,110,794 shares and rose 15 cents to close at $14.01.ICI JSE fnqts 20-12-16 Mayberry Investments ended trading with 1,600 shares, to close with a fall of 70 cents at $4.80, National Commercial Bank lost 49 cents and ended at $49 with 39,724 shares changing hands, PANJAM Investment traded 68,216 shares to close at $27.50, Radio Jamaica closed at $1.20 with 3,006,491 shares trading. Sagicor Group closed with 19,200 shares changing hands to end 47 cents higher at a 52 weeks’ closing high of $27.50. Scotia Group gained 90 cents with 68,292 shares changing hands and closed at $34.90, Scotia Investments lost 9 cents with 4,300 units changing hands to close at $33.40, Proven Investments rose 1 cent to end at 22 US cents, with 136,536 units changing hands and JMMB Group 7.50% preference share traded 796,475 units at $1.08.

Low activity continues on TTSE

TTSE build Trading on the Trinidad & Tobago Stock Exchange on Monday resulted in only 7 securities changing hands compared to 6 on Friday. Market activity ended with only 1 stock that advanced, 3 declined and 2 held firm with 140,454 units being traded at a value of $1,002,987 compared to Friday’s 90,693 shares valued at $416,211.
The Composite Index slipped 0.21 point to 1,205.55, the All T & T Index lost 0.42 point to 1,833.38 with its year to date loss at 5.91 percent. The Cross Listed Index remained at 77.20 points with year to date gains of 55.93 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 7 stocks with bids higher than last selling prices and 8 with lower offers.
TTSE sum 19-12-16 Gains| First Citizens Bank closed at $34.92, rising 2 cents with 13,224 shares changing owners and Trinidad & Tobago NGL rose 4 cents to close at $21.49 with 227 shares changing ownership.
< Strong> Losses| Guardian Holdings traded 26,950 shares and lost 14 cents to close at $12.51
Firm Trades | Clico Investments with 87 shares being traded, closed at $22.60, JMMB Group was unchanged at 89 cents with an exchange of 48,223 shares, National Commercial Bank ended at $2.87 with 47,000 shares changing hands and Point Lisas traded unchanged at $3.70 with an exchange of 6,743 shares.

Jamaican stocks break the 205,000 mark

JSE inx 19-12-16 The All Jamaica Composite Index surged sharply by more than 3,100 points shortly before the close of trading on Monday to a new intraday high of 205,169.41, but closed with a gain of 2,311.21 points, to end at a new record close of 204,248.09 to be up by 22 percent for the year to date.
The JSE Market Index jumped 2,066.63 points to finish at a record 187,008.67. The JSE combined index ballooned by 3,136.04 points to first time to end at close above the 200,000 points level for the first time to a record 200,132.17 but closed trading up 2,361.91 points to a record close of 199,358.04, with gain for the year to date, of 26 percent.
Market activity ended with 36 securities changing hands, at the close, the prices of 20 stocks gained while 7 declined in the overall market, including 9 stocks rising and 2 falling, in the junior market.
Grace Kennedy was by far the leading trade with 7,715,941 units with a value of $877.98 million to end at $40, after falling 99 cents.
At the close with 15,872,231 units valued at $373,022,747 changed hands, compared to 7,137,871 units valued at $101,431,149 changing hands on Friday. Of the stocks traded, the junior market accounted for 5,515,300 units changing hands, valued at $26,556,207.
ICI JSE sum 19-12-16 The average trade for the day in the main market ended at 347,644 shares compared to an average of 178,088 units traded on Friday. The average for the month to date ends at 248,915 shares compared to an average of 150,187 units for the month up to Friday. November ended with an average of 208,466 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 9 stocks with bids higher than their last selling prices and 9 with lower offers.
In market activity, Berger Paints traded 15,000 shares and but lost 10 cents to end at $5.60, Cable & Wireless had 559,968 units trading as the price slipped 10 cents to end at 80 cents, after it traded as high as 95 cents. Caribbean Cement traded with a gain of $1 while trading 8,112 shares at $36, Carreras exchanged 12,897 shares at $66, Investors traded 10,500 shares of 1834 Investments to close at $1.35. Jamaica Broilers ended trading with 30,000 units with a rise of 5 cents at $15.05. Jamaica Stock Exchange traded 159,308 shares, to end at $5.60, JMMB Group traded 31,193 shares and rose 31 cents to close at $13.86. ICI JSE fnqts 19-12-16rKingston Wharves traded 12,647 shares and gained 10 cents to $19.60. Mayberry Investments ended trading 733,287 shares, to close with a fall of 15 cents at $5.50, National Commercial Bank rose 49 cents and ended at $49.49 with 2,090 shares changing hands, PANJAM Investment traded 42,132 shares to close at $26.98, Sagicor Group closed with 132,469 shares changing hands to end 2 cents lower at $27.03. Sagicor Real Estate Fund traded 16,981 units to close with a gain of 5 cents at $10.95, Scotia Group with 718,493 shares changing hands closed at $34, Scotia Investments jumped $2.99 with 12,500 units changing hands to close at $33.49 and Supreme Ventures rose 15 cents to end at $5, with 143,313 units changing hands.

Jamaican stocks just short of 202,000

Mayberry closed at a 52 weeks' high of $5.65.

Mayberry closed at a 52 weeks’ high of $5.65.

The All Jamaica Composite Index climbed sharply to close trading on Friday at a new record close, just less than 100 points below the 202,000 mark. Market activity ended with 31 securities changing hands with the prices of 15 stocks ending with gains while 5 declined in the overall market, including 5 stocks rising and 2 falling, in the junior market.
At the close the All Jamaica Composite Index jumped 1,421.02 points to end at 201,936.88, the index recorded gains of 21 percent for the year to date. The JSE Market Index climbed 1,270.64 points to finish at a record 184,942.04. The JSE combined index climbed 919.08 points to end at a record 196,996.13, with a gain for the year to date of 24 percent.
At the close with 7,137,871 units valued at $101,431,149 changed hands, compared to 4,593,992 units valued at $80,066,072 changing hands on Thursday. Of the stocks traded, the junior market accounted for 3,219,929 units changing hands, valued at $16,494,089.
ICI JSE sum 16-12-16 The average trade for the day in the main market ended at 178,088 shares compared to an average of 140,477 units traded on Thursday. The average for the month to date ends at 150,187 shares compared to an average of 122,285 units for the month up to Thursday. November ended with an average of 208,466 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 15 stocks with bids higher than their last selling prices and 7 with lower offers.
In market activity, Barita Investments traded 50,000 shares and gained 30 cents to end at $5.80, Cable & Wireless had 220,000 units trading as the price gained 5 cents to end at 90 cents, Carreras exchanged 19,885 shares at $66, Investors traded 72,831 shares of 1834 Investments to close at $1.2. Grace Kennedy recovered the $3.99 it lost on Thursday, while trading 9,484 shares to close at $40.99, Jamaica Broilers ended trading with 151,149 units with a rise of 80 cents at $15. Jamaica Stock Exchange traded 60,819 shares, to end at $5.60, JMMB Group traded 500,000 shares and shed 30 cents to close at $13.55. Margaritaville Turks traded 32,220 shares to close at 24.90 US cents after rising by 0.03 cent, Mayberry Investments ended trading 97,155 shares, to close with a rise of 70 cents at at 52 weeks’ high of $5.65, National Commercial Bank ended at $49 with 438,733 shares changing hands. ICI JSE fnqts 16-12-16138 Student Living lost 50 cents in trading 607,162 shares at $4.50, PANJAM Investment gained 98 cents, while trading 183,299 shares to close at $26.98, Sagicor Group closed with 185,900 shares changing hands to end 25 cents lower at $27.05. Sagicor Real Estate Fund traded 5,620 units at $10.90, Scotia Group with 126,594 shares changing hands closed at $34, Scotia Investments rose 50 cents with 1,100,891 units changing hands to close at $30.50, Supreme Ventures rose 5 cents to end at $4.85, with 2,000 units changing hands and Proven Investments ordinary share traded 45,900 units at 20.99 US cents, up from 20.5 US cents.

Main Event IPO within 2 weeks

Main Ev SignWith revenues posited to be in the range of $1 billion to $1.5 billion for 2015, Main Event Entertainment should be coming to the public within two weeks subject to Financial Securities Commission effectively signing off on the prospectus.
The company is expected to raise between $100 million to $200 million at a price between $1.50 and $3.50, stockbroker for the deal, Gary Peart of Mayberry Investments told investors at a briefing today. IC Insider gathers that the amount to be raised, is likely to be $150 million, putting the PE ratio in the 10-12 range.
According to Peart, the valuation for the company is in the range of $500 million – $700 million. Between 20 to 40 percent of the shares will be offered in the IPO. Proceeds of the issue will be used to expand services particularly to Montego Bay where Solomon Sharp, Chief Executive says has a big market for his products and services. Funds will also be put into new equipment to meet increasing demand. According to Sharp, demand is such that they have had to turn away business. The additional equipment will allow for more business to be undertaken simultaneously.
Main Event Entertainment Group, a unique company that is in the business of management of event as well as producing their own production. The company provides event management, production, audio, video, lighting, staging, roofing, power supply, digital signage and management, concept development, creative development, infrastructural build-outs.

Three of the company's directors

Three of the company’s directors

The company generates revenues from Digital boards spread across 22 countries in the Caribbean some a few Central American countries mostly for screens in Digicel stores with more than 100 screens for which they generate up US$225 for month for maintaining and updating them. They also supply and service menu boards for other entities with the latest to sign on being Wendy’s on board, the company provide outdoor signage in the form of advertising billboards.
The principals include Solomon Sharpe, CEO and formerly of Desnoes and Geddes, Richard Bair, Chief Operating Officer, formerly employed at Porter Brothers and Donna Waithe, Director HR and Administration with 23 years of experience in the aviation sector at Air Jamaica. The company was established 2004 and employs between 51 and 200 full time and part time employees.
The Board of directors include Hugh Graham, Solomon Sharpe, Donna Waithe, Richard Bair, Tania Waldron-Gooden, Harriat Maragh, chairman and Dr. Ian Blair.
The company have as its clients many blue chip Jamaican companies, including Scotia Group, National Commercial Bank, Flow, Desnoes and Geddes to name a few.

Only 33,000 shares trade Thursday on TTSE

TTSE build Market activity on the Trinidad & Tobago Stock Exchange dipped sharply on Thursday with very moderate volume and closed with 10 stocks changing hands compared to 13 on Wednesday.
Trading ended with 32,776 units valued at $570,141 changing hands, compared to 84,825 shares valued at $1,022,125 on Wednesday, with 2 stocks advancing, 5 declining and 3 unchanged.
The Composite Index declined 0.04 points to 1,205.28 points, the All T & T Index lost 0.01 point to 1,832.84 points with its year to date loss at 5.94 percent. The Cross Listed Index down 0.01 point to 77.20 points with year to date gains of 55.93 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 6 stocks with bids higher than last selling prices and 8 with lower offers.
Gains| JMMB Group gained 1 cent, closing trading at 89 cents with 939 shares changing hands and Trinidad Cement closed 2 cents higher at $4.10 with 4,094 shares being exchanged.
Losses| Clico Investments lost 1 cent to close at $22.60 with 10,000 shares changing hands, Grace Kennedy was down 2 cents, closing trading at $2.69 with 890 shares changing owners.TTSE sum 15-12-16 Scotiabank fell 87 cents to $58.78 with an exchange of only 239 shares, Trinidad & Tobago NGL closed trading at $21.50, losing 46 cents with 13,201 shares changing hands and West Indian Tobacco lost 2 cents to close at $126.95 with a mere 100 shares switching owners.
Firm Trades | Ansa McAL closed at $66.50 with an exchange of 37 shares, National Commercial Bank, with 1,286 shares changing hands, closed at $2.87 and Point Lisas with 1,990 shares being traded, closed at $3.70.

Scotia Invest at new high

Scotia Investments closed at a new 52 weeks' high on TTSE.

Scotia Investments closed at a new 52 weeks’ high on TTSE.

The Jamaican based Scotia Investments traded at a new 52 weeks’ high on the on the Trinidad & Tobago Stock Exchange on Wednesday, as the market closed with a slight increase in trading levels with 13 stocks changing hands compared to 11 on Tuesday.
Trading ended with 2 stocks advancing, 4 declining and 7 unchanged and ended with 84,825 units valued at $1,022,125 compared to Tuesday’s 31,912 shares valued at $644,182.
The Composite Index declined 0.50 points to 1,205.32 points, the All T & T Index lost 1.13 points to 1,832.85 points with its year to date loss at 5.94 percent. The Cross Listed Index rose 0.02 points to 77.21 points with year to date gains of 55.95 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 10 with lower offers.
Gains| Scotia Investments gained 3 cents to close trading at a 52-week high of $2 with 500 shares changing hands, and Scotiabank closed at $59.65, an 89 cents increase with 1,835 shares being exchanged.
Losses| First Citizens lost 1 cent to close at $34.91 with 1,010 shares changing hands, Republic Financial Holdings closed at $108.45, a loss of 1 cent with 1,000 shares changing owners. Trinidad & Tobago NGL was down 3 cents, TTSE sum 14-12-16closing trading at $21.97 with an exchange of 5,059 shares and West Indian Tobacco also lost 3 cents to close at $126.97 with 1,000 shares changing ownership.
Firm Trades | Clico Investments closed at $22.61 with an exchange of 10 shares, Guardian Holdings, with 3,000 shares changing hands, closed at $12.65, JMMB Group was unchanged at 88 cents with 19,061 shares changing owners, Massy Holdings held firm at $51 with 5,584 shares being exchanged. National Enterprises closed at $10.65 with 472 shares changing hands, Point Lisas with a mere 10 shares being traded, closed at $3.70 and Trinidad Cement closed at $4.08 with 46,284 shares switching owners.

Jamaican stocks sink below 201k at close

JSE build At the close of trading on Wednesday, the Jamaica Stock Exchange broke back below the 201,000 level with the All Jamaica Composite Index ending with just over 1,000 points. Market activity ended with 38 securities changing hands with the prices of 12 stocks ended with gains while 13 declined in the overall market, including 2 stocks rising and 5 falling, in the junior market.
At the close the All Jamaica Composite Index dropped 1,074.66 points to end at 200,612.14, the index recorded gains of 20.5 percent for the year to date. The JSE Market Index fell 960.94 points to finish at 183,688.05. The JSE combined index dived 1,499.63 points to end at 195,273.80, with a gain for the year to date of 24.3 percent.
At the close with 9,349,308 units valued at $92,313,081 changed hands, compared to 2,284,709 units valued at $18,900,534 changing hands on Tuesday. The junior market accounted for 262,692 units changing hands, valued at $1,233,984 of the stocks traded.
ICI JSE sum 14-12-16 The average trade for the day in the main market ended at 363,465 shares compared to an average of 80,125 units traded on Tuesday with the average for the month to date being 245,763 units compared to 104,093 units for the month up to Tuesday. November ended with an average of 208,466 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 16 stocks with bids higher than their last selling prices and 6 with lower offers.
In market activity, Cable & Wireless gained 3 cents in trading 39,312 units at 85 cents, Caribbean Cement lost $2 in trading 140,565 shares, to close at $34.01, Carreras exchanged 10,411 shares at $66, Grace Kennedy traded 2,260 shares to close with a loss of 1 cent at $40.99. Jamaica Broilers ended trading with 17,277 units with a loss of 15 cents at $14.50, Jamaica Producers closed at $9.24 with 95,464 shares changing hands, after gaining 4 cents. Jamaica Stock Exchange traded 38,460 shares, to end with a rise of 4 cents at $5.46, JMMB Group traded 13,641 shares and rose 95 cents to close at $13.50. Mayberry Investments ended trading 46,040 shares, to close with a loss of 50 cents at $5, National Commercial Bank climbed 50 cents and ended at $49.50 with 763,302 shares changing hands, PANJAM Investment jumped by $1, trading 85,830 shares to close at $25.50, Portland JSX traded 49,987 units at $11. Radio Jamaica traded 244,523 units while falling 3 cents to close at $1.20, Sagicor Group closed with 833,053 shares changing hands to end at $27, ICI JSE fnqts 14-12-16Sagicor Real Estate Fund traded 99,591 units at $10.24, Scotia Group shed 53 cents, with 57,089 shares changing hands, to close at $33.57. Seprod jumped $1.68 and ended at $30 with 6,805 units changing hands, Supreme Ventures lost 1 cents and ended at $4.70, with 610,614 units changing hands, Proven Investments ordinary share traded 213,321 units at 20 US cents, JMMB Group 6% preference share traded 15,000 shares at $1.10, the 7.5 percent instrument closed at $1.06 with 5,647,905 units and Proven 8% Preference share traded 40,000 shares with a loss of 5 cents at $4.95.

Jamaican stocks break 201K at close

Mayberry closed at a 52 weeks' high of $5.50

Mayberry closed at a 52 weeks’ high of $5.50

At the close of trading on Tuesday, the Jamaica Stock Exchange broke the 201,000 level for the first time with the All Jamaica Composite Index ending just under 202,000 points, as 35 securities changing hands. The prices of 18 stocks ended with gains while 8 declined in the overall market, including 6 stocks rising and 2 falling, in the junior market.
At the close the All Jamaica Composite Index gained 804.58 points to end at 201,686.80, the index recorded gains of 20.5 percent for the year to date. The JSE Market Index rose 962.45 points to finish at 184,648.99. The JSE combined index surged 1,262.68 points to end at 196,773.43, with a gain for the year to date of 24.3 percent.
At the close with 2,284,709 units valued at $18,900,534 changed hands, compared to 3,151,271 units valued at $45,655,245 changing hands on Monday. The junior market accounted for 361,716 units changing hands, valued at $1,755,268 of the stocks traded.
ICI JSE sum 13-12-16 The average trade for the day in the main market ended at 80,125 shares compared to an average of 85,208 units traded on Monday with the average for the month to date being 104,093 units compared to 128,061 units for the month up to Monday. November ended with an average of 208,466 units.
In market activity, Berger Paints gained 25 cents and closed at $5.60 with 445,016 shares trading, Cable & Wireless gained 6 cents, in trading 8,688 units, at 82 cents, Caribbean Cement lost 44 cents in trading 2,758 shares, to close at $36.01, Carreras exchanged 3,500 shares at $66. Investors traded 146,422 shares of 1834 Investments with a loss of 5 cents, to close at $1.25, Grace Kennedy traded 54,445 shares to close with a loss of 10 cents at $41, Jamaica Broilers ended trading with 51,620 units, to close at $14.65, Jamaica Producers closed at $9.20 with 31,595 shares changing hands, after falling 5 cent. Jamaica Stock Exchange traded 114,550 shares, to end with a rise of 6 cents at $5.42, JMMB Group traded 27,146 shares and fell $1.25 to close at $12.55, Mayberry Investments ended trading 43,333 shares, to close at a 52 weeks’ high of $5.50, after rising by 55 cents. National Commercial Bank jumped $1 and ended at $49 with 4,395 shares changing hands,ICI JSE fnqts 13-12-16 PANJAM Investment traded 253,310 shares to close at $24.50, Radio Jamaica traded 137,260 units while rising 3 cents to close at $1.23. Pulse Investments traded 13,523 shares at $3.90, Radio Jamaica closed at $1.23 with 447,189 shares, Sagicor Group closed with 13,000 shares changing hands to end with a rise of 95 cents at $27, Scotia Group gained 54 cents, with 33,567 shares changing hands, to close at $34.10. Scotia Investments ended at $33 with 14,718 shares being traded, Seprod gained 31 cents and ended at $28.32 with 10,217 units changing hands and JMMB Group 6 percent preference share traded 38,000 shares at $1.10 and the 7.5 percent instrument closed at US$1.06 with 146,068 units.

Trading levels rise

stocks Trading levels remained low on the Trinidad & Tobago Stock Exchange on Tuesday despite 11 securities changing hands compared to 8 on Monday. The market closed with 4 stocks advancing, 1 declining and 6 unchanged. Market activity resulted in 31,912 units valued at $644,182 changing hands compared to Monday’s 46,969 units valued at $702,598.
The Composite Index gained 0.43 points to 1,205.82 points, the All T & T Index advanced 0.80 points to 1,833.98 points with its year to date loss at 5.88 percent. The Cross Listed Index rose 0.01 point to 77.19 points with year to date gains of 55.91 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 8 with lower offers.
Gains| Ansa Merchant Bank, advanced 10 cents to close at a 52 weeks’ high of $40.10 but with a mere 24 shares changing hands, Scotia Investments added 1 cent, closing trading at $1.98 with 888 shares changing owners. Scotiabank closed at $58.76, up 7 cents with only 14 shares being exchanged while Trinidad Cement advanced 7 cents to $4.08 with 7,637 changing hands.
TTSE sum 13-12-16< Strong> Losses| Guardian Holdings closed at $12.65, down 5 cents with 2,000 shares changing hands.
Firm Trades | Ansa McAL was unchanged at $66.50 with 177 shares changing owners, Clico Investments closed at $22.61 with an exchange of 130 shares and JMMB Group traded firm at 88 cents with 15,000 shares changing hands. Massy Holdings remained unchanged at $51 with 1,395 shares changing owners, Trinidad & Tobago NGL at $21.99 with 1,000 shares switching owners and West Indian Tobacco held firm at $127 with 3,647 shares changing hands, valued at $463,151.