JSE to repeat today’s gains on Thursday

April 22, 2015 by

NCB closed at a new 52 weeks' high on of $26.50 on Wednesday

NCB closed at a new 52 weeks’ high on of $26.50 on Wednesday

The stock market closed on Wednesday with 12 stock recording price gain versus only 1 with a decline, that performance does not look like a flash in the pan based on what the IC Indicator is showing at the end of trading.,
The Investors Choice bid-offer Indicator shows 11 stocks with bids higher than their last selling prices and 2 with offers that were lower, in the main and junior markets. IC Indicator reading is suggesting that the number of trades on Thursday should see another day of many more stocks rising than falling.
Activity on the Jamaica Stock Exchange, resulted in 23 securities changing hands and ending with 4,735,155 units trading, valued at $24,434,254, in all market segments. National Commercial Bank, closed at a new 52 weeks’ high of $26.50 with 301,200 shares changing hands at 50 cents higher than on Tuesday and ahead of the company reporting six months results and dividend payment on Thursday.
JSE 22-4-15 Main Market| The JSE Market Index gained 474.33 points to 86,299.76, the JSE All Jamaican Composite index rose 530.32 points to close at 95,205.43 and the JSE combined index gained 446.19 points to close at 87,994.37.
Cable & Wireless with 256,932 units traded at 52 cents and ended with the bid at 53 cents to buy 100,000 shares. Ciboney Group traded 2,000,000 shares at 6, Desnoes & Geddes gained 10 cents and traded 29,400 at $6 with an offer at $6.50 at the close. Grace Kennedy with 19,224 shares that traded closed at 90 cents higher at $63, Jamaica Broilers had 86,530 shares trading to close at $4.70,
JMMB Group traded 855,593 ordinary shares for 38 cents higher at $7.48. The stock had JMMB Securities on the offer selling 268,800 units at $7.48, 5000 units at $7.50 and 34,655 shares at $8.50 as the lowest offers posted at the end of trading.The broker posted small buy orders from $7.03 to $7.10. Victoria Mutual Wealth Management sold the bulk of the shares to trade with Sagiocr Investments being the major buyer of them.
Radio Jamaica traded 13,372 shares at $2 to gain 25 cents, Sagicor Group traded 66,350 shares JSE qts 22-4-15to close at $10.55 while gaining 10 cents in the process but traded as high as $10.75 before the close. Sagicor Real Estate X Fund had 529,519 units changing hands to close at $6.50, after shedding 25 cents. Salada Foods traded 35,480 at $9, Scotia Group saw 118,289 units, closing at $22, Supreme Ventures 19,900 units traded 4 cents higher at $2.84 and Jamaica Money Market Brokers 8.75% preference share, traded 317,331 units at $3.20 with an increase of 10 cents.

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JSE near 2 year high with 2,528 points rise

April 20, 2015 by

Scotia Group closed higher at the close & helped to push market up on Monday

Scotia Group closed higher at the close & helped to push market up on Monday

The Jamaica Stock Exchange enjoyed a major move at the end of trading resulting from the prices of 13 stocks rising, 5 declining as Scotia Group contributed a large portion of the movement. Overall 24 securities changed hands, ending in 4,719,358 units trading, valued at $68,565,889, in all market segments.
Main Market|The JSE Market Index gained 2,261.39 points to 87,351.52, the JSE All Jamaican Composite index rose 2,528.34 points to close at 96,381.35 putting it back in line with the close of 96,381.58 on May 3, 2012 and the JSE combined index gained 2,134.42 points to close at 89,072.22. Scotia Group’s price movement to $24.50 in early trading was the major factor behind the big surge in the main market indices, as such there may be a fall back on Tuesday as Scotia’s price seems likely to settle back well below the price of $23.81 used in computing today’s indices, unless other stocks move up to compensate.
JSe sum 20-4-15 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 just 4 with offers that were lower, with 2 of the offers being stocks that hardly trade.
In trading, Scotia Investments bought all Scotia Group’s shares to trade, in the early morning session up to $24.50, for a 52 weeks intra-day high, but the stock ended with 205,115 units trading to close at $22.10 with a 24 cents fall from Friday’s last sale price. Desnoes & Geddes traded 92,793 shares up to $5.90, with a 10 cents gain, Grace Kennedy traded 933,318 shares and closed at $62.01, with a total value of $57.8 million,JM qts 20-4-15 with the price dropping $1.99 from Friday’s last traded price of $64. National Commercial Bank traded only 21,750 shares to close higher at $26, with an increase of 47 cents. Radio Jamaica 86,383 units that traded did so at $2, Sagicor Group 16,400 units traded at $10.50, Sagicor Real Estate Fund had 48,600 units changing hands at $6.75, to gain 25 cents and Jamaica Money Market Brokers 8.75% preference share traded 33,500 units at $3.10.
Kingston Wharves traded just 4,00 shares but ended up gaining 50 cents to close at $6.40, Scotia Investments gained 49 cents in trading 1,200 units at $23.50 and Supreme Ventures traded 4,000 units at $2.80 by gaining 30 cents.

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JSE gains in morning session

April 17, 2015 by

The Jamaica Stock market is recording gains in the morning session with 18 securities trading at 11:15. Carreras was the leading trade with 1 million units at $43.50, up by $1.50.
JSE 11.15 - 17-6-15National Commercial Bank traded 40,096 units, all at $25.53, slipping by 47 cents for Thursday’s close and Scotia Group traded firm at $22 with 41,129 units. The JSE Market Index put on 279.23 points to 85,013, the JSE All Jamaican Composite index gained 312.18 points to close at 93,762.02 and the JSE combined index rose 277.59 points to close at 85,013.06. The Junior market Index was up 1,61 points at 742.35.

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Moderate trading

April 15, 2015 by

Trading on the Jamaica Stock Exchange has been very moderate after an hour of trading. Only 10 securities have traded so far with a total volume of 105,600 units.
JSE 15-4-15Knutsford Express fresh from reporting a 92 percent increase in pretax profits for the February quarter and 45 percent for the nine months gained 40 cents in trading to $5.60, having traded 87,603 shares. Scotia Group slipped 50 cents to $22 with a small volume and National Commercial Bank traded at $25.27 off by 23 cents.
The JSE main market indices are down by less than 20 pints so far while the junior market is up 1.06 points to 733.24.

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6 TTSE stocks fall 2 rose Tuesday

April 14, 2015 by

NCB is in demand in T&T & traded 750,000 units on Tuesday in that market.

NCB is in demand in T&T & traded 750,000 units on Tuesday in that market.

Trading on the Trinidad Stock Exchange closed with 17 securities changing hands of which 2 advanced, 6 declined and 9 traded firm with a total of 1,125,469 units, valued at $4,040,198.
At the close of the market, the Composite Index fell 0.40 points to close at 1,151.23, the All T&T Index fell by just 1.80 points to 1,964.49 and the Cross Listed Index advanced by 0.13 points to close at 44.31.
Gains| Stocks increasing in price at the close are, First Citizens Bank traded 1,000 shares and closed 2 cents higher at $35.52 and Sagicor Financial Corporation gained 23 cents to end the at $6.25 with 2,000 shares.
Declines| Stocks declining at the end of trading are, Clico Investment Fund trading 73,790 shares valued at $1,660,278 to end at $22.50, with a 1 cent loss. Guardian Holdings trading 9,782 shares while falling by 27 cents to $14.20, National Enterprises in closing at a new 52 weeks’ low with 2,811 closed at $17.33, Republic Bank trading 825 shares while losing 1 cent, to close at $116. Scotia Investments fell 7 cents to close at $1.46 while trading 23,262 shares and Trinidad Cement lost 5 cents while contributing 113,491 shares with a value of $273,930 to end at $2.40.
TTSE 14-4-15 Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA Mcal trading 690 shares at $66.91, Grace Kennedy with 610 shares changing hands and ended at $3.55, JMMB Group traded 13,701 shares at 43 cents, Massy Holdings trading 2,868 shares to close at $63.05. National Commercial Bank had 750,063 shares changing hands for a value of $1,125,094 to end at $1.50, National Flour Mills with 120,703 shares being traded for $181,054 closing at $1.50, One Caribbean Media trading 7,555 shares at $22.30, Prestige Holdings with 2,168 shares ended at $10 and Scotiabank trading 150 units to close at $62.11.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than their last selling prices and 1 stock with the offer that was lower.

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SGJ trades 2.2m shares & NCB 674K

April 10, 2015 by

JSE int 10.45 -10-4-15Trading on the Jamaica Stock Exchange is off to a moderate start up to 10:45 Friday and was dominated by Sagicor Group trading 2,226,502 between $10.45 and $10.50, while National Commercial Bank traded 673,941 shares at $25.50, with a bid to buy 492,000 units at $25.50, the offer is at $26 for just over 24,000 shares.
Grace hit a new 52 weeks’ high of $65 while trading a small volume.Only 8 securities has traded so far, with one form the junior market.
The all Jamaica Composite Index climbed back well above the 94,000 mark with a 491 points rally to reach 94,134.38 while the main market index rose 439.16 points to 85,341.78. The junior market index is unchanged at 733.67.

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Will NCB pick up RBC Cayman?

April 10, 2015 by

RoyalBankJamaicaRBC_Logo279X189Hot on the heels of an agreement to sell RBC Royal Bank (Suriname) N.V. (“RBC Suriname”), to Republic Bank in Trinidad, word reaching IC Insider is that Royal Bank’s operations in the Cayman Island is being sold.
The bank’s website shows three branches in that territory. IC Insider’s source informs us that Michael Lee Chin, Chairman of National Commercial Bank has been seen on the island frequently in recent times, but a comment from National Commercial Bank’s Cayman representative was numb when asked if his bank is buying the RBC operations, but there was no denial suggesting, strongly that NCB is a potential candidate.
RBC Canada stated when they announced the sale of the Suriname bank that “As we continue to focus our Caribbean operations on markets in which we can be a leading competitor for the long-term, we have made the decision to sell RBC Suriname to Republic Bank Limited,” said Kirk Dudtschak, executive vice-president and head, RBC Caribbean Banking. “This transaction supports the successful repositioning of our Caribbean business for the future and allows us to focus on markets where we can strengthen our operational capabilities and where we see opportunities for growth.”
Last year RBC sold the Jamaican operations to Sagicor Group after the entity lost billion of dollars and showed no sign of a turn around.

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Obama’s visit affected trading Thursday

April 9, 2015 by

On Thursday, with more than one and a half hours of opening, only two stocks traded on the Jamaica Stock Exchange, reflecting some of the business interruptions that attended the USA President’s short visit to the Jamaica. JSE sum 9-4-15
Trading picked up somewhat after but never got to a robust levels, resulting in the prices of 8 stocks rising, 4 declining as 20 securities changed hands, ending in 790,398 units trading, valued at $4,636,761, in all market segments.
Main Market| The JSE Market Index lost 262.35 points to 84,902.62, the JSE All Jamaican Composite index fell 293.32 points to close at 93,643.37 and the JSE combined index dropped 231.14 points to close at 86,681.44 as trading closed with three stocks closing at 52 weeks’ high.
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 5 with offers that were lower.
National Commercial Bank traded up to $25.50 with a gain of 50 cents with 91,911 units changing hands, there were 673,941 shares on offer at $25.50 with buying for 32,402 units at $25.01. Jamaica Producers put on $1.50 to end at $18.50 but with just 2,000 shares trading.JSE Qtes chrt - 9-4-15 IC Insider Buy Rated RJR closed at a new 52 weeks’ high of $2 with 190,399 shares as the price puts on 50 cents and Supreme Ventures is also at a new 52 weeks high of $2.80, up 50 cents but with 30,000 shares trading. Sagicor X Fund was down by 40 cents to $6.50 as increased selling is overwhelming demand, trading accounted for 50,000 units but still left 1.4 million units on offer for sale at $6.90 with bids in to buy only 111,053 units at $6.50. Scotia Group traded 26,721 between $21.56 and $22.50, Jamaica Money Market Brokers 8.75% preference share traded 134,000 shares to gain 10 cents and closed at a 52 weeks’ high of $3.20.

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Carreras up $2.54 close to pre-taxed price

April 8, 2015 by

Carreras gained $2.54 in reach of recent highs

Carreras gained $2.54 in reach of recent highs

Wednesday’s activity on the Jamaica Stock Exchange, Carreras stock price jumped $2.54 on small volume as the stock price has adjusted back to levels that it was trading at prior to the recent tax hike on cigarettes. There was more activity on the market than on Tuesday, resulting in the prices of 11 stocks rising, 6 declining as 25 securities changed hands, ending in 2,962,954 units trading, valued at $13,940,525, in all market segments.
Main Market| The JSE Market Index gained 195.37 points to 85,164.97, the JSE All Jamaican Composite index rose 218.43 points to close at 93,936.69 and the JSE combined index gained 130.82 points to close at 86,912.58. 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. JSE sum 8-4-15
Cable & Wireless traded 623,636 shares to close at 52 cents, Carreras jumped $2.54 with only 2,365 shares trading to end at $44.05 almost recovering the losses suffered after investors dumped the stock in March, following hike taxes on cigarettes.
Jamaica Broilers traded 269,910 shares at $4.51 and had an offer, to sell 215,000 units at $4.69, Jamaica Producers gained $1 to close at $17 while 6,004 units traded.
National Commercial Bank had 231,819 shares changing hands, to close at $25.50, with a gain of 50 cents, but traded as low as $25 and ending with 679,541 units on the offer at $25.50, with bids for 62,175 units at $25.01.JSE cht 8-4-15 Sagicor Group had 56,189 units trading to close 30 cents higher at $10.50 after trading as low as $10.25, at the close, 29,402 units were on offer at $10.50 and just above that, 1 million units for sale at $10.60. Scotia Investments traded 81,250 units at $23.80 with a gain of 22 cents but closed with a bid of $23.60 to buy 52,510 units while offers were at $23.80 to sell 199,850 units. Supreme Ventures closed trading with 153,850 at $2.30 and Jamaica Money Market Brokers 7.50% traded 370,000 shares at $2.

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11 JSE main market stocks rose

March 31, 2015 by

The Jamaica Stock Exchange indices declined on the final day of March, but the advanced declined ratio was very positive at 11 stocks rising to only 1 declining, on the main market.
JSE qte 31-3-15A total of 1.56 million units traded in the main market, with the dominant trades being, Grace Kennedy with 200,622 units in closing at $62.50, National Commercial Bank with 143,351 shares with a closing price of $25.18 but with stocks on offer below the last traded price, at $25. Sagicor Group accounted for 661,549 units, with a last traded price of $10.55.
At the close, the JSE Market Index lost 441.41 points to 83,804.68, the JSE All Jamaican Composite index fell 493.52 points to close at 92,415.82 and the JSE combined index declined 433.24 points to end at 85,404.60.

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