The main market of the Jamaica Stock Exchange that retreated sharply on Thursday, recovered the loss and went on the record a new high, with the All Jamaica Composite Index surging 3,719.22 points to close at an all-time high of 189,308.34, bringing the year to date gains to 13.1 percent.
The JSE Market Index jumping 3,325.66 points to finish at a record 170,317.11 and the JSE combined index climbed sharply by 2,931.21 points up to end at new high of 183,141.71 pushing the gains for the year to date to 15.7 percent.
At the close 3,671,278 units valued at $37,632,036 changed hands, compared to 3,333,891 units valued at $23,300,182 changing hands on Thursday. The junior market accounted for 1,625,906 units trading valued at $9,305,449 of the stocks traded.
The average trade for the day in the main market ended at 78,668 and month to date 128,982 units. On Thursday, an average of 330,400 units traded. 
The average for the October was 220,811 units.
The market closed with 40 securities trading as the prices of 15 gained while 8 declined in the overall market, including 7 stocks rising and 2 falling, in the junior market. A number of attempts to trade Jamaica Stock Exchange were blocked, with the bids posted for most of the day, based on the pre-split price and not on the new number of shares emanating from the 5 to 1 split that became effective on Friday.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 17 stocks with bids higher than their last selling prices and 5 with lower offers.
In market activity, Barita Investments traded 11,000 units and declined 5 cents to close at $4.35, Berger Paints traded 5,000 shares to end at $6.55 after rising 50 cents, to close at a new 52 weeks’ high, Cable & Wireless closed at 85 cents with 765,410 units trading. Caribbean Cement jumped $1.46 with just 200 units changing hands to close at $30.46, Carreras traded 22,791 shares to end at $65. Grace Kennedy lost 5 cents in trading 12,984 units at $41.45,
JMMB Group traded 16,889 shares and lost 20 cents, to end at $14, Kingston Wharves traded 1,735 shares and closed at $17.19, Mayberry Investments rose 35 cents and ended with 2,734 shares trading at the close at $4. National Commercial Bank rose 26 cents in trading 12,030 shares to close at a new 52 weeks’ high of $45.25, Pan Jamaican Investment lost 20 cents and closed at $22.80 after trading 298,100 shares, Sagicor Group had 1,130 shares changing hands and rose 68 cents to close at $23.18. Scotia Group climbed $1.35 in trading 496,267 shares to close at $32.40, Seprod traded 2,000 shares to end at $24.15, Proven Investments traded 34,300 units at 19.90 US cents and Sterling Investments rose $1.45 cent and traded just 300 units to close at a 52 weeks’ high of $15.50.
JSE jumps sharply in early trading
November 4, 2016 by
Gains in the prices of Scotia Group and National Commercial Bank that traded at a new high help in pushing the main market indices much higher in early trading on Friday on the Jamaica Stock Exchange.
A number of new highs were created in the morning session with Berger Paints trading 5,000 at a new high of $6.55 and Paramount Trading had a small volume changing hands at a new all-time high of $29 after rising $2 and Sterling Investments traded at a new high of $15.50. CAC 2000 fell to an all-time low with 1,000 shares trading down to $4.50.
The all Jamaica Composite Index jumped 2,708.08 points to 188,297.20, the Jamaica Stock Exchange Market Index surged 2,421.51 points to 169,412.96, the Jamaica Stock Exchange combined index climbed 2,272.32 points to close at 182,482.82 and the junior market index inched up 2.59 points to 2,469.69.
Jamaica Stock Exchange stock was adjusted the 5 for 1 stock split at the commencement of trading this morning to take into effect that was approved at an Extraordinary General Meeting held on October 25, but attempts to trade have been blocked as the bids remains at the old price.
At 10:45 am, a total of 27 securities traded, resulting in a volume of 1,938,366 shares changing hands carrying a value of $18,934,325, compared to 633,945 shares changing hands carrying a value of $6,888,082, on Thursday.
The average number of shares traded amounts to 71,791 units compared to 28,816 on Thursday. Market activity resulted in 6 stocks falling while the prices of 10 securities rose.
Stocks with good volumes in the main market are Cable & Wireless with 765,410 at 85 cents, Ciboney Group traded 241,019 units at 18 cents and Jamaica Money Market Brokers 7.25% preference share traded 100,100 units at $2.40, Caribbean Producers with 137,000 units at $3.50, Lasco Manufacturing with 120,958 shares trading at $4.80.
JMMB 20% higher in Trinidad
November 3, 2016 by
JMMB is one of four Jamaican stocks selling at a big premium on the TTSE.
The premium placed on the Jamaican stocks, ranged between 11 per cent for Scotia Investments to a high of 20 percent for JMMB Group.
Trading activity resulted in 15 securities changing hands, up from the 14 traded on Wednesday with 4 securities advancing, 3 falling, while 8 traded firm while 2 stocks closing at 52 week’s highs and 1 at a low.
The market ended with 219,147 shares changing hands with a value of $2,777,660 in contrast to Wednesday’s volume of 171,910 shares with value of $2,294,211.
The market closed with the Composite Index rising 1.87 points to close at 1,178.77. The All T & T Index gained 1.31 points to close at 1,809.30 points, down 7.14 percent for the year to date, while the Cross Listed Index advanced 0.33 points to close at 73.19 points and is up 47.83 percent for the year to date.
IC bid-offer Indicator | The investor’s Choice bid-offer indicator ended with 3 stocks with bids higher than their last selling prices and 6 with lower offers
Gains| Angostura Holdings gained 50 cents to end with 3,000 shares, to close at a 52 week’s high of $15.50, JMMB Group gained 4 cents and ended with 67,530 shares changing hands to close at a 52 weeks’ high of 90 cents, or J$17, the stock traded in Jamaica at $14.20 on Thursday. National Commercial Bank gained 2 cents to end with 10,000 shares, to close at $2.68 or J$51 compared to $44.99 the last traded price in Jamaica and Scotia Investments gained 1 cent to end with 2,000 shares to close at $1.81, (J$34.40).
< Strong> Losses| Guardian Media lost 75 cents to close with 500 shares at a 52 week’s low of $19, National Flour Mills lost 6 cents to end with 7,550 shares, to close at $2.58, Scotiabank Trinidad & Tobago lost 1 cent to end with 330 shares at $58.74.
Firm Trades | Agostini’s closed with 43 shares changing hands at $17.40, Clico Investment Fund ended with 107,800 shares changed hands at $22.60, First Caribbean International Bank traded 1,394 shares to close at $8.10, Grace Kennedy closed with 7,000 shares at $2.55 or the Jamaica equivalent of J$48.50 versus $41.50 the stock last traded in Jamaica. Massy Holdings ended with 20 shares trading at $51, One Caribbean Media ended with 20 shares changing hands to close at $20, Sagicor Financial Corporation ended with 9,551 shares to close at $7.15 and Trinidad & Tobago NGL ended with 2,400 shares to close at $23.
Jamaica’s main market in sharp retreat
November 3, 2016 by
Scotiabank dropped $1.93 to help rip large chunk in points off the indices.
At the close 3,333,891 units valued at $23,300,182 changed hands, compared to 8,751,466 units valued at $70,052,498 changing hands on Wednesday. The junior market accounted for 2,322,147 units trading valued at $11,077,945 of the stocks traded.
The average trade for the day in the main market ended at 330,400 and month to date 312,605 units. On Wednesday, an average of 294,810 units traded. The average for the October was 220,811 units.The market closed with 34 securities trading as the prices of 11 gained while 10 declined in the overall market, including 4 stocks rising and 2 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 12 stocks with bids higher than their last selling prices and 5 with lower offers.
In market activity, Berger Paints traded 5,670 shares to end at $6.05 after rising 5 cents, Cable & Wireless rose 1 cent to close at 85 cents with 152,000 units trading. Caribbean Cement dropped $1.85 with 250 units changing hands to close at $29, Carreras traded 1,655 shares to end at $66. Grace Kennedy lost 25 cents in trading 13,630 units at $41.50,
Jamaica Broilers closed at $14.50 with 175,869 shares changing ownership, Jamaica Producers gained 10 cents to end at $8.30 with 71,668 units trading, Jamaica Stock Exchange rose 48 cents and ended at $27.98 while trading 29,463 shares. JMMB Group traded 23,167 shares and rose 21 cents, to end at $14.20, Kingston Wharves traded 2,600 shares and lost 31 cents to close at $17.19, Mayberry Investments ended with 19,020 shares trading at $3.65, National Commercial Bank rose 49 cents in trading 5,915 shares to close at $44.99. Pan Jamaican Investment lost 15 cents and closed at $23 after trading 165,986 shares, Sagicor Group had 64,289 shares changing hands and dropped $1 to close at $22.50. Scotia Group dived $1.93 in trading 5,200 shares to close at $31.05, Seprod traded 9,110 shares to end at $24.15, Proven Investments traded 5,215 units at 19.90 US cents and JMMB Group 7.50% preference shares fell 1 cent and traded 235,175 units at $1.08.
First Citizens climbs 75 cents
November 2, 2016 by
First Citizens climbed 75 cents on TTSE on Wednesday.
Trading activity resulted in the volume of 171,918 shares changing hands with a value of $2,294,211 in contrast to Tuesday’s volume of 174,997 shares valued at $1,162,709.
The market closed with the Composite Index rising 1.75 points to close at 1,176.90. The All T & T Index gained 3.69 points to close at 1,807.99 points, while the Cross Listed Index declined by 0.03 points to close at 72.86 points.
IC bid-offer Indicator| The investor’s Choice bid-offer indicator ended with 4 stocks with bids higher than their last selling prices and 8 with lower offers
Gains| Agostini’s gained 10 cents to end with 1,677 shares, changing hands at $17.40, First Citizens Bank jumped 75 cents with 5,277 shares changing hands to close at $33, National Commercial Bank gained 1 cent to end with 50,000 shares closing at $2.66. National Enterprises gained 10 cents to end with 1,200 shares at $10.50,
Praetorian Property Mutual Fund ended with 4,000 shares changing hands to close at $2.70 after rising 5 cents and Sagicor Financial Corporation gained 10 cents to end with 10,000 units changing hands, to close at $7.15.< Strong> Losses| Ansa Mcal lost 18 cents with 40 shares trading to close at $62.50, JMMB Group lost 4 cents to end with 56,000 shares changing hands at 86 cents and Massy Holdings lost 42 cents to end with 29,336 shares with a value of $1,496,136 at $51.
Firm Trades| Trading firm are, Clico Investments traded 10,000 units at $22.60, First Caribbean International Bank with 606 shares to close at $8.10, Guardian Holdings closed with 570 shares to close at $13, Trinidad & Tobago NGL, ended with 2,511 shares to close at $23 and West Indian Tobacco traded 41 shares to close at $127.
Jamaican stocks jump 3,000 points to record
November 2, 2016 by
Sagicor Group jumped $1.50 and helped push JSE to a new record on Wednesday.
Helping to move the index up were a $3.35 jump in Caribbean Cement, 80 cents gain in National Commercial Bank, a gain of $1.50 in Sagicor Group and $1.48 in Scotia Group.
The JSE Market Index jumped 3,363.67 points to finish at 169,572.00 and the JSE combined index blasted 3,330.80 points up, to end at 182,521.72 and gained 15.3 percent for the year to date.
At the close 8,751,466 units valued at $70,052,498 changed hands, compared to 8,941,559 units valued at $145,848,058 changing hands on Tuesday. The junior market accounted for 521,462 units trading valued at $7,467,867 of the stocks traded.
The average trade for the day in the main market ended at 330,400 and month to date 312,605 units. On Tuesday, an average of 294,810 units traded. The average for the October was 220,811 units.The market closed with 43 securities trading as the prices of 19 gained while 9 declined in the overall market, including 6 stocks rising and 4 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 15 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Barita Investments lost 5 cents in trading 3,200 units to close at $4.40, Berger Paints traded 7,068 shares to end at $6 after rising 14 cents, Cable & Wireless lost 1 cent to close at 84 cents with 94,486 units trading. Caribbean Cement recovered $3.35 with 10,094 units changing hands to close at $30.85, Carreras traded 57,910 shares and jumped 40 cents to end at $66. Grace Kennedy lost 24 cents in trading 18,701 units at $41.75, Jamaica Producers gained 1 cent to end at $8.20 with 33,536 units trading,
Jamaica Stock Exchange rose 26 cents and ended at $27.50 while trading 41,833 shares. JMMB Group traded just 670 shares and rose 49 cents to end at $13.99, Kingston Wharves traded 6,740 shares to close at $17.50, Mayberry Investments fell 23 cents and ended with 34,383 shares trading at $3.65, National Commercial Bank rose 80 cents in trading 28,240 shares to close at $44.50. Radio Jamaica gained 5 cents and closed at $1.45 after trading 5,000 shares, Sagicor Group had 77,084 shares changing hands and jumped $1.50 to close at $23.50. Scotia Group jumped $1.48 in trading 438,863 shares to close at $32.98, Supreme Ventures traded 7,196,635 shares to end at $5, Proven Investments traded 88,291 units at 19.89 US cents down from 20 US cents and JMMB Group 7.50% preference shares rose 1 cent and traded 80,500 units at $1.09.
Cement drops $3.50 gets support at $27.50
November 1, 2016 by
Carib Cement dived $3.50 to end at $27.50, in response to losses in Q3.
The main market indices of the Jamaica Stock Exchange lost grounds on Tuesday with the all Jamaica Composite Index dropping 616.14 points to 184,713.31. The JSE Market Index dived 550.94 points to finish at 166,208.33 and the JSE combined index declined 488.83 points to end at 179,190.92 and gained at 13.5 percent for the year to date.
At the close 8,941,559 units valued at $145,848,058 changed hands, compared to 5,240,652 units valued at $17,874,079 changing hands on Monday. The junior market accounted for 981,688 units trading valued at $4,566,702 of the stocks traded.
The average trade for the day in the main market ended at 294,810 units. On Monday, an average of 189,771 units, compared to an average for the October of 220,811 units.
The market closed with 42 securities trading as the prices of 13 gained while 16 declined in the overall market, including 4 stocks rising and 5 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 13 stocks with bids higher than their last selling prices and 7 with lower offers.
In market activity, Barita Investments traded 5,500 units to close at $4.45, Berger Paints traded 18,408 shares to end at $5.86 after falling 14 cents, Cable & Wireless closed at 85 cents with 48,236 units trading. Carreras traded 13,438 shares and shed 6 cents to end at $65.60. Trading in 1834 Investments resulted in 5,241 shares changing hands with a rise of 2 cents at $1.27, Grace Kennedy gained 49 cents and traded 122,011 units at $41.99, Jamaica Broilers fell 1 cent and closed at $14.50 with 5,002,886 shares switching owners.
Jamaica Stock Exchange lost 26 cents and ended at $27.24 while trading 26,872 shares, JMMB Group traded 85,795 shares and rose 20 cents to end at $13.50, Kingston Wharves traded 2,700 shares to close at $17.50,Mayberry Investments fell 12 cents and ended with 129,368 shares trading at $3.88, National Commercial Bank traded 93,037 shares to close at $43.70. Pan Jamaican Investments lost 29 cents and closed at $23 after trading 54,650 shares, Sagicor Group had 53,525 shares changing hands and lost 90 cents to close at $22, Sagicor Real Estate Fund traded 6,000 shares to close at $10.25 after rising 5 cents. Scotia Group traded 1,290,387 shares to close at $31.50, Seprod lost 85 cents in trading 62,825 shares to end at $24.15, Proven Investments traded 290,126 units at 20 US cents up from 19.90 US cents and JMMB Group 7.50% preference shares traded 506,000 units at $1.08.
3 stocks rose 2 fell on TTSE – Monday
October 31, 2016 by
Trading on the Trinidad and Tobago Exchange ended on Monday with 9 securities changing hands, the same as on Friday. At the close 3 stocks gained while 2 declined and 4 remained unchanged.
Trading activity closed with 49,828 shares valued at $214,031 changing hands, compared to 98,234 shares valued at $2,410,845 on Friday.
The market closed with the the Composite Index fell 0.50 points to close at 1,172.75. The All T&T Index dropped 3.15 points to 1,801.44, down 7.55 percent for 2016 and the Cross Listed Index gained 0.30 points to 72.63 points and is up 46.70 percent, year to date.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 9 stocks with bids higher than their last selling prices and 8 with lower offers.
Gains| National Commercial Bank gained of 5 cents to close with 10,000 shares changing hands at $2.65, National Enterprises gained 1 cent, in closing at $10.41 with 2,550 shares changing hands and Sagicor Financial ended trading with 875 shares with a rise of 1 cent to close at $7.01.
Losses| Grace Kennedy lost 2 cents in contributing 6,918 shares in trading, to close at $2.55 and Trinidad Cement dropped 50 cents to $3.45 while trading 28,909 shares as investors reacted negatively to a fall in profit for the September quarter.
Firm Trades| Clico Investment Fund closed with just 5 shares changing hands to end at $22.60, Scotiabank closed with 273 shares changing hands at $58.75, Trinidad and Tobago NGL closed at $23 with 178 units changing hands and West Indian Tobacco traded 120 shares changing hands to close at $127.
Jamaican stocks drop on Monday
October 31, 2016 by
Caribbean Cement lost $2 after positing a loss in Q3.
At the close 5,240,652 units valued at just $17,874,079 changed hands, compared to 9,303,791 units valued at $32,857,021 changing hands on Friday. The junior market accounted for 865,115 units trading valued at 3,986,807 of the stocks traded.
The average trade for the day in the main market ended at 189,771 units, compared to an average for the month to date of 220,811 units. On Friday, an average of 337,427 units, compared to an average for the month to date of 251,850.
The market closed with 35 securities trading as the prices of 17 gained while 9 declined in the overall market, including 6 stocks rising and 1 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 20 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Barita Investments traded 25,000 units and gained 5 cents to close at $4.45, Cable & Wireless rose 5 cents to close at 85 cents with 100,000 units trading. Caribbean Cement traded 92,177 shares but dropped $2 to close at $31, after the company reported a loss of $81 million in the third quarter partially as a result of closure of its plant for upgrading. Trading in 1834 Investments resulted in 3,344,179 shares changing hands at $1.25, Jamaica Broilers gained 31 cents and closed at $14.51 with 22,132 shares switching owners. Jamaica Producers lost 1 cent to end at $8.19 with 154,746 units trading,
Jamaica Stock Exchange rose 50 cents and ended at $27.50 while trading 22,004 shares. JMMB Group traded 6,359 shares and rose 5 cents to end at $13.30, Kingston Wharves traded 81,500 shares to close at $17.50 after gaining 50 cents, Mayberry Investments fell 37 cents and ended with 11,938 shares trading at $4, National Commercial Bank traded 13,471 shares to close with a fall of $1.29 at $43.70. Pan Jamaican Investments gained 79 cents and closed at $23.29 after trading 5,887 shares, Sagicor Group had 9,320 shares changing hands and lost 30 cents to close at $22.90, Sagicor Real Estate Fund traded 158,087 shares to close at $10.20 after losing 3 cents. Scotia Group gained 98 cents in trading 2,985 shares to close at $31.50, Seprod traded 13,414 shares to end at $25, Proven Investments traded 5,820 units at 19.90 US cents down from 19.50 US cents and JMMB Group 7.50% preference shares traded 290,100 units at $1.08.
Medical Disposables up 52% exits TOP 5
October 30, 2016 by
Blue Power enters TOP 5 list.
Blue Power enters the list for the first time, with the price having fallen in the week to $20.50. Profits after tax increased by 101 percent to $37 million over the previous year. The contribution of Lumber Depot division to the after tax tally was $17 million ($7 million in 2015), while Blue Power division added $20 million ($12 million in 2015). Earnings per stock unit for the quarter doubled from 33 cents to 66 cents. Sales revenues rose 12 percent, from $302 million to $339 million. Gross profit margin climbed to 24.3 percent in the quarter from 21.3 percent in the similar quarter of 2015 and 20.82 percent for the last fiscal year.
Paramount Trading entered at the number 3 spot at $14, gained 71 percent having shot up to $24 and exited in the top list on the week ending September 16, Derrimon Trading entered with the price at $3.10 and hit $5, for a gain of 61 percent, the stock exited the list during the week ending October 14. General Accident entered the list at $2.10 for the week ending September 23 and has gained 43 percent, the company left the list during the week ending October 7.
Watch NCB for the break out that is coming soon.
Just below the TOP 5 junior market stocks are tTech, Dolphin Cove, Medical Disposables, Jamaican Teas and Caribbean Cream.
In the main market stocks below the Top 5 are JMMB Group, followed by Palace Amusement, Sterling Investments, National Commercial Bank (NCB) and Pan Jamaican. Technically, NCB is at a break out point accordingly, investors should keep an eye on this one as the next move could be sharply to the upside with final year results due shortly. In 2015, the full year results were released on November 12, as such the results for 2016 could be out on November 10.