Trading on the Jamaica Stock Exchange resulted in the main market indices climbing sharply with a rise of $2 in the price of National Commercial Bank with just 1,000 shares changing hands, while junior market index inched up moderately.
A total of 22 securities traded of which 10 advanced and only 3 fell, resulting in a volume of a mere 497,348 shares changing hands carrying a value of a $2,887,938 compared with 3,513,020 shares changing hands with a value of $22,530,339 on Thursday at 11:30 AM. The average number of shares traded, amount to 22,607units versus 26,142 units on Thursday.
At 10:45 am the all Jamaica Composite Index jumped 1,480.50 points to 194,907.23 the Jamaica Stock Exchange Market Index climbed 1,323.83 points to 178,343.83, the Jamaica Stock Exchange combined index surged 1,288.80 points to close at 190,099.49 and the junior market index rose5.95 points to end at 2,404.92.
In trading Cable & Wireless had 185,639 units changing hands at 75 cents, Jamaica Stock Exchange traded 34,094 shares at $5.50, Radio Jamaica had 102,700 units changing hands at $1.35 and 138 Student Living Jamaica had 60,400 units trading at $5.
JSE climbs sharply in morning session
TCL pushes JSE cross listed index up 290%
Trinidad Cement shares jumped sharply by 190 percent to close at $58.50 and pushed the Jamaica Stock Exchange Cross Listed Index by a massive 290 percent to 1,946.35 points up from 499.06 previously. The move also pushed the combined Index and the JSE market index to new record levels.
Trinidad Cement has not traded in Jamaica since May 25, 2015 when it closed at $15. The stock had 18,557 units trading in recording today’s trade and now brings the price in line with the price in Trinidad.
At the close of trading the All Jamaica Composite Index fell 62.68 points to end at a new closing high of 193,426.73 with the year to date gains at 16 percent. The JSE Market Index surged 2,964.27 points to finish at a new record closing high of 177,020.00, a new closing high and the JSE combined index leapt 2,637.80 points to end at a record closing high of 188,810.69 with a gain for the year to date of 19 percent.
The Jamaica Stock Exchange closed trading with 42 securities trading as the prices of 16 gained while 14 declined in the overall market, including 2 stocks rising and 8 falling, in the junior market.
At the close with 6,296,810 units valued at $50,570,213 changed hands, compared to 7,868,310 units valued at $46,934,147 changing hands on Wednesday. The junior market accounted for 1,016,439 units changing hands, valued at $5,281,239 of the stocks traded.
The average trade for the day in the main market ended at 188,585 and 223,372 units month to date. On Wednesday, an average of 285,892 units traded and for the month to date, 258,159 units, in comparison the average for the October was 220,811 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 13 stocks with bids higher than their last selling prices and just 2 with lower offers.
In market activity, Barita climbed 10 cents in trading 57,300 shares, to end at $5.10, Berger Paints traded 16,268 units at $5.60, Cable & Wireless gained 1 cent to close at 71 cents, with 71,618 units trading, Caribbean Cement rose $2 in exchanging 24,635 shares at $28. Trading in 1834 Investments resulted in a fall of 21 cents to close with 330,620 shares trading at $1.18, Grace Kennedy ended trading 25,163 units at $40.10. Jamaica Broilers lost 20 cents and closed at $14.60 with 134,040 shares changing hands, Jamaica Producers rose 12 cents and closed at $8.62 with 169,631 shares changing owners. Jamaica Stock Exchange traded 240,343 shares and lost 11 cents to end at $5.50, JMMB Group closed trading with 71,611 shares to end at $13.69,
Mayberry Investments traded 850,736 shares to close at $3.66 after rising 1 cent, National Commercial Bank ended at $50 with 194,061 shares trading. 138 Student Living ordinary share, traded at $5 with 46,550 units changing hands, PAN JAM Investments traded 188,115 shares to end at $24, Sagicor Group had 427,445 shares changing hands and rose 48 cents to close at $25.50, Sagicor Real Estate Fund traded 282,800 units with the price rising 28 cents to $10.53. Scotia Group traded 48,250 shares to close at $31.56, after gaining 35 cents, Supreme Ventures lost 10 cents and closed at $4.70 with 52,984 shares changing hands, JMMB Group 7.25% preference share lost 1 cent and traded at $1.07 with 1,956,000 units changing hands and Jamaica Money Market Brokers 7.50% preference share rose 1 cent and closed at $2.11 with 50,000 units changing hands.
Trading volume rebounds on TTSE
Trading levels rebounded strongly on the Trinidad & Tobago Stock Exchange on Thursday with 513,946 shares changing hands with a value of $9,953,673, in contrast to Wednesday’s volume of 31,204 with a value of $2,125,247.
At the close of trading, 17 securities changed hands, 2 advanced, 7 declined and 8 ended unchanged.
The Composite Index gained 0.47 points to 1,191.45 points, the All T & T Index closed 0.24 points lower to 1,804.60 points, down 7.39 percent year to date. The Cross Listed Index advanced 0.16 points to 77.31 points with year to date gains of 56.15 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Agostini’s gained 11 cents to close at $17.51 with 300,618 shares changing hands with a value of $5,260,821 on strong fourth quarter results and Berger Paints gained one cent to close at a 52 weeks high of $4.06 with 500 shares changing hands.
< Strong> Losses|Ansa McAL lost 6 cents to close at $61.94 with 3,242 shares changing hands, Guardian Holdings lost 5 cents with 5,524 shares changing hands to close at $12.90, JMMB Group lost 1 cent and closed at 90 cents with 5,650 shares changing hands, Massy Holdings lost 2 cents to close at $50.97 with 3,965 shares changing hands. Scotiabank closed at $58.70, down 2 cents with 184 shares changing hands, Trinidad & Tobago NGL lost 4 cents to close at $22.50 with 10,200 shares changing hands and Unilever Caribbean lost 2 cents to close at $59.85 with 1,404 shares changing hands.
Firm Trades | Clico Investment closed at $22.60 with 100,500 shares changing hands with a value of $2,270,305, First Caribbean International Bank closed at $8.50 with 2,000 shares changing hands, National Commercial Bank closed at $2.90 with 50,000 shares changing hands. National Enterprises closed at $10.60 with 11,817 shares changing hands, Point Lisas closed at $3.70 with 750 shares changing hands. Prestige Holdings closed at $11 with 12 shares changing hands, Sagicor Financial closed at $7.50 with 7,580 shares changing hands and West Indian Tobacco closed at $127 with 10,000 shares changing hands valued at $1,270,000.
4th straight daily record close for JSE
Jamaica Producers traded 2.9 m shares on Wednesday.
At the close of trading the All Jamaica Composite Index climbed 440.60 points to end at a new closing high of 193,489.41 with the year to date gains at 16 percent. The JSE Market Index rose 393.98 points to finish at a new record closing high of 174,055.73, a new closing high and the JSE combined index gained 387.05 points to end at a closing record high of 186,172.89 with a gain for the year to date of 18 percent.
At the close with 7,868,310 units valued at $46,934,147 changed hands, compared to 7,367,774 units valued at $196,760,012 changing hands on Tuesday. The junior market accounted for 1,864,578 units trading valued at $7,108,043 of the stocks traded.
The average trade for the day in the main market ended at 285,892 and 258,159 units month to date. On Tuesday, an average of 376,430 units traded and for the month to date, 230,425 units, in comparison the average for the October was 220,811 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 13 stocks with bids higher than their last selling prices and just 2 with lower offers.
In market activity, Barita climbed 5 cents in trading 60,759 shares, to end at $5 after trading most, at $5.20, Cable & Wireless lost 8 cents to close at a 52 weeks’ low of 70 cents, with 197,375 units trading, Caribbean Cement lost $1 in exchanging 3,683 shares at $26. Trading in 1834 Investments resulted in a rise of 19 cents to close with 50,000 shares trading at $1.39, Grace Kennedy gained 4 cents and ended trading 6,129 units at $40.10. Jamaica Broilers lost 19 cents and closed at $14.80 with 5,353 shares changing hands,
Jamaica Producers rose 30 cents and closed at $8.50 with 2,867,200 shares changing owners. Jamaica Stock Exchange traded 78,597 shares and lost 8 cents at $5.61, JMMB Group closed trading with 42,691 shares to end with a rise of 4 cents at $13.69, Mayberry Investments traded 2,303,629 shares to close at $3.65 after falling 25 cents, National Commercial Bank gained 80 cents to end at $50 with 16,808 shares trading. Radio Jamaica traded 70,856 shares at $1.30, Sagicor Group had 144,144 shares changing hands and rose 2 cents to close at $25.02, Proven Investments ordinary share traded 20,823 units and ended at 18.56 US cents and JMMB Group 7.2% preference share traded at $1.08 with 112,697 units changing hands.
12 stocks rise 2 down in early JSE trading
Trading on the Jamaica Stock Exchange resulted
in the main market and junior market rising moderately in early Wednesday morning activity.
A total of 24 securities traded of which 12 advanced and 2 fell, resulting in a volume of just 627,417 shares changing hands carrying a value of a $2,528,726 compared with 1,821,034 shares changing hands, with a value of $62,254,541 on Tuesday. The average number of shares traded, amount to 26,142 units versus 95,844 units on Tuesday.
The leading volume trades in the market are, Barita Investments traded 53,759 shares at $5.20, Cable & Wireless had 197,375 units traded down to 70 cents, Jamaica Stock Exchange traded 77,587 units at $5.69, Radio Jamaica traded 70,856 units at $1.30 and JMMB Group 7.2% preference share traded at $1.08 with 112,697 units changing hands.
At 10:45 am the all Jamaica Composite Index rose 17.56 points to 193,066.37, the Jamaica Stock Exchange Market Index climbed 15.71 points to 173,677.46, the Jamaica Stock Exchange combined index gained 248.03 points to close at 186,033.87 and the junior market index rose 22.72 points to end at 2,430.40.
Subsequent to 10:45 AM Jamaica Producers Group traded 2,863,910 shares at $8.30.
3rd consecutive record close for JSE
Trading in NCB’s shares helped to push the JSE to a record close on Tuesday.
At the close of trading the All Jamaica Composite Index climbed 369.13 points to close at a new closing high of 193,048.81 with the year to date gains at 16 percent. The JSE Market Index rose 378.06 points to finish at 173,661.75, a new closing high and the JSE combined index gained 229.67 points to end at 185,785.84 with a gain for the year to date of 18 percent.
At the close with 7,367,774 units valued at $196,760,012 changed hands, compared to 748,476 units valued at $7,664,842 changing hands on Monday.The junior market accounted for 215,605 units trading valued at $946,789 of the stocks traded.
The average trade for the day in the main market ended at 376,430 and 230,425 units month to date. On Monday, an average of 35,184 units traded and for the month to date, 84,420 units, in comparison the average for the October was 220,811 units.
The market closed with 33 securities trading as the prices of 13 gained while 14 declined in the overall market, including 6 stocks rising and 6 falling, in the junior market.IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 16 stocks with bids higher than their last selling prices and just 2 with lower offers.
In market activity, Barita climbed 45 cents in trading 10,000 shares to end at $4.95, Cable & Wireless lost 1 cent to close at 78 cents with 130,610 units trading, Carreras exchanged 440,140 shares at $66 to gain 50 cents, Grace Kennedy ended trading 17,960 units at $40.06. Jamaica Broilers rose 4 cents and closed at $14.99 with 8,205 shares changing hands, Jamaica Producers lost 15 cents and closed at $8.20 with 264,007 shares changing owners. Jamaica Stock Exchange traded 20,600 shares at $5.69, JMMB Group closed trading with 515,685 shares to end with a decline of 35 cents at $13.65,
National Commercial Bank dropped $2.80 to end at $49.20 with 2,480,934 shares trading, PAN JAM Investments traded 102,200 shares but lost 64 cents to end at $24. Sagicor Group had 327,527 shares changing hands and rose 89 cents to close at $25, Scotia Group lost 30 cents in trading 135,304 shares to close at $31.21, Seprod gained $1 in trading 246,492 shares to end at $27. Supreme Ventures lost 15 cents in trading 2,014,900 shares at $4.80, Proven Investments ordinary share traded 7,252 units and ended at 19.49 US cents and Jamaica Money Market Brokers 7.50% preference share traded 425,478 units at $2.10.
JSE main market up Juniors down
Trading on the Jamaica Stock Exchange resulted in the main market rising but the junior market slipping in early Tuesday morning activity.
A total of 19 securities traded of which 6 advanced and 7 fell and resulting in a volume of just 1,821,034 shares changing hands carrying a value of a $62,254,541 compared with 351,677 shares changing hands with a value of $1,089,793 on Monday. The average number of shares traded amount to 95,844 units versus 29,306 units on Monday.
The leading volume trades in the market are, National Commercial Bank lost $1 in trading 932,752 units at $51, JMMB Group traded 502,800 units at $13.60 after falling 40 and Sagicor Group traded 114,403 units at $24.45.
At 10:45 am the all Jamaica Composite Index rose 552.25 points to 193,231.93, the Jamaica Stock Exchange Market Index climbed 483.81 points to 173,825.65, the Jamaica Stock Exchange combined index gained 141.16 points to close at 186,079.65 and the junior market index slipped 30.83 points to a new high of 2,421.50.
NCB pushes JSE to another record close
NCB rises by $2.50 on the JSE.
At the close of trading the All Jamaica Composite Index climbed 422.80 points to close at a new closing high of 192,679.68 with the year to date gains at 16 percent. The JSE Market Index rose 378.06 points to finish at 173,331.69 and the JSE combined index gained 229.67 points to end at 185,938.49 with a gain for the year to date of 18 percent.
At the close with a mere 748,476 units valued at $7,664,842 changed hands, compared to 3,262,803 units valued at $38,639,306 changing hands on Friday. The junior market accounted for 1,589,420 units trading valued at $7,836,091 of the stocks traded.
The average trade for the day in the main market ended at 35,184 and 84,420 units month to date.
On Friday, an average of 76,063 units traded and for the month to date, 133,657 units, in comparison the average for the October was 220,811 units.The market closed with 25 securities trading as the prices of 6 gained while 10 declined in the overall market, including 1 stock rising and 6 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 16 stocks with bids higher than their last selling prices and just 9 with lower offers.
In market activity, Berger Paints traded 18,000 shares to end at $5.60, Cable & Wireless lost 1 cent to close at 79 cents with 228,318 units trading,
Grace Kennedy ended trading only 2,400 units at $40, Jamaica Producers rose 5 cents and closed at $8.35 with 104,473 shares switching owners. JMMB Group closed trading with 4,703 shares to end with a rise of 20 cents at $14, Kingston Wharves traded 5,632 shares to close at $18.80, National Commercial Bank gained $2.50 with 12,375 shares trading, Sagicor Group had 46,371 shares changing hands and fell 39 cents to close at $24.11. Scotia Group rose 1 cent in trading 53,000 shares to close at $31.51, Seprod dropped $1.40 in trading 9,250 shares to end at $26 Supreme Ventures traded 21,000 shares at $4.95 and Proven Investments ordinary share traded 46,750 units and ended at 19.50 US cents.
Slow start for JSE – Monday
Trading on the Jamaica Stock Exchange is off to a slow start in early Monday morning activity with just a few securities being active with limited volume.
A total of 12 securities traded of which 5 advanced and 3 fell and resulting in a volume of just 351,677 shares changing hands carrying a value of a mere $1,089,793 compared with 753,463 shares changing hands with a value of $6,280,546 on Friday. The average number of shares traded amount to 29,306 units versus 26,909 units on Friday.
The leading volume trades in the market are, Cable & Wireless traded 223,321 shares at 79 cents and National Commercial Bank gained 50 cents in trading 10,475 units at $50.
At 10:45 am the all Jamaica Composite Index rose 537.67 points to 192,794.55, the Jamaica Stock Exchange Market Index climbed 480.78 points to 173,434.41, the Jamaica Stock Exchange combined index gained 431.69 points to close at 186,140.51 and the junior market index slipped 1.38 points to a new high of 2,462.72.
Paramount in Top 5 stocks to avoid
Paramount Trading is selling at a PE of 17 & is now in the TOP stocks to avoid for now.
In certain cases it is not that some of the highest valued stocks will not perform well going forward. This may not be the time to buy them, as they are likely to underperform the overall market. A look at the performance of the TOP 5, reflects the situation very well.
Paramount Trading that has now entered the list to avoid, is the sole change, with Key Insurance moving out with recovery in profits in the September quarter. Paramount is the IC Insider’s TOP 5 best performer, rising with a gain of 181 percent since it entered the TOP list in September. Others to score big are, Access Financial Services with gains of 63 percent, Derrimon Trading up 58 percent, General Accident 50 percent followed by Jetcon with gains of 49 percent.
In the main market Barita Investments is up 45 percent JMMB Group is up 38 percent and National Commercial Bank rose 27 percent. The stocks in the list to avoid have hardly moved in contrast to the TOP 5 selections with the best gain being 38 percent with the next best being Kingston Wharves with 7 percent.With expansion plans, Honey Bun and Paramount could enjoy a good 2017, the stocks of the companies may take some time to really pay off, if bought now. With Honey Bun into its new fiscal year, first quarter results due by February 2017, could be strong and therefore be a fuel for higher price. Investors should keep their eyes on 2017 as the current year winds to a close and next year having much opportunities for profitable investment, and what may appear pricey now could be attractive in 2017 as companies enjoy more growth.