National Commercial Bank

JMMB crosses 5M of its shares

February 24, 2015 by IC Insider.com

JMMB big in house share exchange on Tuesday

Tuesday’s trading closed with Jamaica Money Market Brokers trading more than 5.1 million units with 5 million being a cross of shares within the company, as in house trade but JMMB also sold shares to the public from in house inventory as well. Otherwise it was a relatively slow day except that trading picked up in the junior market.
At the end of trading on the Jamaica Stock Exchange, the prices of 9 stocks rose, 5 declined as 27 securities changed hands, ending in 7,105,912 units trading, valued at $40,386,959, in all market segments.
Main Market| The JSE Market Index lost only 0.09 points to 79,880.66, the JSE All Jamaican Composite index declined by a mere 0.18 points to close at 88,028.58 and the JSE combined index gained 0.69 points to close at 81,799.97.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 7 stocks with bids higher than their last selling prices and 3 with offers that were lower.

Gains| Stocks gaining with last traded prices, at the end of the close in the main market are, Caribbean Cement finishing with 20,000 shares while gaining 24 cents to $2.85, Gleaner closing with 100 shares to gain 2 cents at 85 cents. Jamaica Money Market Brokers with 5,146,081 ordinary shares, gained 7 cents to $7, Kingston Wharves traded 850 shares with the price jumping 20 cents to $5.75. National Commercial Bank traded only 7,853 shares to end with an increase of 2 cents to a new 52 weeks’ closing high of $22.02 and Sagicor Group with 12,644 shares trading 6 cents higher to close at $10.31.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless ending trading with 311,206 units at 48 cents, Grace Kennedy closed with 9,728 units to end at $60, Jamaica Broilers concluding trading with 30,300 shares at $4.02, Sagicor Real Estate Fund ended trading 215 shares at $6.70.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Scotia Group closed with 13,433 shares trading lower by 20 cents to $20.80 and Supreme Ventures in trading 100 units, the price slipped 3 cents to $1.82.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 15,800 units to end with an increase of 1 cent to $3.04 and Proven Investments 8% preference share traded 135,400 units changing hands to close at $5.

Filed Under: JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Grace Kennedy, Jamaica Broilers, Kingston Wharves, National Commercial Bank, Proven, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Supreme Ventures

TTSE up but negative bias remains

February 3, 2015 by IC Insider.com

NCB is in demand in Trinidad as stock sets to rise further

Trading on the Trinidad Stock Exchange ended with 13 securities changing hands of which 4 advanced, 3 declined and 6 traded firm with a total of 402,433 units, valued at $7,349,988.
At the close of the market, the Composite Index rose 0.25 points to close at 1,151.01, the All T&T Index rose by 0.91 points to close at 1,984.60 and the Cross Listed Index increased by 0.19 points to close at 41.56.
Gains| Stocks increasing in price at the close are, Clico Investment Fund traded 168,480 shares valued at $3,832,536 and gained 9 cents to end at $22.74, National Commercial Bank with 100,000 shares changing hands for a value of $119,000, closed 3 cents higher, at $1.19, a new 52 weeks’ high. NCB closed with the bid at $1.22 (J$22) to buy 100,000 units but there were no stocks on offer at the close. Trinidad Cement contributed 39,350 shares to gain 4 cents to $2.30 and Unilever Caribbean stock price increased by 15 cents to end at $65.16, for a new 52 weeks’ high, while trading 250 units.
Declines| The stocks declining at the end of trading are, Angostura Holdings with 1,972 shares trading and closed 4 cents lower at $15.90, Grace Kennedy traded just 509 units at $3.65 while losing 2 cents and Massy Holdings traded 175 shares to close with a loss of 50 cents down to $67.

Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens Bank with a volume of 87,000 shares trading for $3,132,000 at $36, Guardian Holdings added 2,000 shares at $13.20. Jamaica Money Market Brokers had 299 shares changing hands at 40 cents, One Caribbean Media traded 1,000 units to close at $23.95, Point Lisas Industrial Port Development ended with 385 shares trading at $3.75 and Scotiabank traded 1,013 shares to close at $62.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator shows 4 stocks with the bid higher than their last selling prices and 7 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: Angostura, clico, Daily Trading, First Citizens, Grace Kennedy, Guardian Holdings, JMMB, Massy Holdings, National Commercial Bank, NCB, Scotia, Trinidad Cement, TTSE, Unilever Caribbean

9 stocks rise 13 fall PanJam up $3.50

January 28, 2015 by IC Insider.com

Pan Jamaican Head office

Wednesday’s activity on the Jamaica Stock Exchange,saw Pan Jamaican Investment share rising $3.50 and Jamaica Producers gaining $1.170, the largest gains for the day. Trading resulted in the prices of 9 stocks rising and 13 declining as 28 securities changed hands, ending in 13,390,665 units trading, valued at $$56,272,741, in all market segments.
Main Market| The JSE Market Index gained 217.78 points to 77,277.68, the JSE All Jamaican Composite index rose 243.49 points to close at 85,118.34 and the JSE combined index gained 124.23 points to close at 79,056.86.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 10 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Caribbean Cement closing with 15,100 units to close with a gain of 2 cents to $2.37. Carreras closed with 37,672 units and put on 60 cents to $38.60, Desnoes & Geddes concluding trading with, 50,000 shares to end with an increase of 10 cents to $4.90, Jamaica Broilers closed with 10,482,208 units to close 1 cent higher at $4.01, Jamaica Producers ending with 52,385 shares as the price jumped at $1.30 to $17, Pan Jamaican Investment closed with 550 shares as the price climbed $3.50 to $55.50 and Sagicor Real Estate Fund concluding trading with 7,800 shares traded with a gain of 5 cents to $6.70.
Firm| The stocks in the main market to close without a change in the last traded prices are, Ciboney exchanging a mere 200 shares at 7 cents followed by Jamaica Money Market Brokers with 6,647 ordinary shares trading to end at $6.60 and Proven Investments closing with 59,440 shares trading at 21 US cents.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless closing with 909,774 units trading as the price slipped 2 cents to 48 cents.

Grace Kennedy had only 290 shares changing hands to close lower by 17 cents at $62.40, Hardware & Lumber ended with 35,500 units trading to close lower by $1.01 at $6.50, Mayberry Investments ended with 1,020 units trading, the price slipped 2 cents to $1.98, National Commercial Bank in trading 167,784 shares closed 10 cents lower to $19.90. Sagicor Group closed with 212,060 units, the price slipped 8 cents to $10.12, Scotia Group had 76,218 shares changing hands at 40 cents to $20.10, Scotia Investments closed with 4,040 units trading as the price slipped 4 cents to $22.51 and Seprod ending with 31,164 units trading at 40 cents to $12.10.
Preference| Jamaica Money Market Brokers 7.50% preference share traded, ending with 79,152 units changing hands at $2.

Filed Under: Company News Tagged With: Cable & Wireless, Caribbean Cement, Carreras, Ciboney, Desnoes & Geddes, Grace Kennedy, H&L, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Mayberry Investments, National Commercial Bank, Pan Jamaican Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Scotia Investments, Seprod

10 JSE stocks rose 6 declined Monday

January 26, 2015 by IC Insider.com

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National Commercial Bank stock price hit a new 52 weeks high of $20 in trading on the Jamaica Stock Exchange on Monday with 1,066,318 shares changing hands. One million units of the stock was bought and sold by Stockbroker, Sagicor Investments at $20 each.
After three consecutive days of declining stocks beating out advancing ones last week, breaking the trend that was in place since the start of the year, with no trading day closing with number of declining stocks being more than advancing ones, activity on the exchange returned to the trend prior to the days of decline on Monday. At the close on Monday, the prices of 10 stocks gained, 6 declined as 23 securities changed hands, ending in 4,912,390 units trading, valued at $30,624,883 in all market segments. The positive advance, decline ratio did not prevent large declines in the main market indices as Carreras gave back most of the gain it enjoyed on Friday.
Main Market| The JSE Market Index lost 765.65 points to 77,062.39 , the JSE All Jamaican Composite index declined 856.03 points to close at 84,877.64 and the JSE combined index declined by 716.44 points to close at 78,938.30.
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 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices at the end of trading in the main market are, Cable & Wireless closing with 715,292 units changing hands, with a gain of 1 cent at 51 cents. Gleaner had 3,000 shares changing hands to close 2 cents up, at 82 cents, Grace Kennedy closed with 17,480 shares trading with a gain of 5 cents at $63, Jamaica Broilers ending with 2,000 units changing hands to close with 1 cents gain at $4.01. Jamaica Money Market Brokers finished with 4,000 ordinary shares with the price gaining 3 cents to $6.60, Jamaica Stock Exchange with 48,688 units changing hands to close with a gain of 10 cents at $2.10, National Commercial Bank closed at a new 52 weeks high with 1,066,318 shares changing hands and gained of 69 cents at $20. Proven Investments ended with 35,970 units changing hands to close 0.02 cent higher at 21.02 US cents, new all-time high and Sagicor Group closed with 20,820 shares trading with a gain of 5 cents at $10.20.
Firm| The stocks in the main market to close without a change in the last traded prices are, Berger Paints closed with 1,439 units trading at $1.55, Desnoes & Geddes concluding trading with 1,100 shares changing hands at $4.80, Mayberry Investments ended with 1,381,873 units trading to end at $2 and Scotia Group in trading 30,195 units at $20.50.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, the price of Carreras slipped $1.88 to closed with 1,650 units trading as at $37.62 and Radio Jamaica ended with 1,986 shares trading lower by 20 cent to $1.10.
Preference| Jamaica Money Market Brokers 7.25% preference share closed with 200 units being active, with the price rising 1 cents to $2.50, Jamaica Money Market Brokers 7.50% finished with 1,502,471 units trading at $2 and Proven Investments 8% preference share traded 1,555 units traded at $5.

Filed Under: JSE Main Market, Stock Market Tagged With: Berger Paints, Cable & Wireless, Carreras, Desnoes & Geddes, Gleaner, Grace Kennedy, Investments, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Money Market Brokers 7.25%, Jamaica Money Market Brokers 7.50%, Jamaica Stock Exchange, Mayberry, National Commercial Bank, Proven Investments 8%, Radio Jamaica, Sagicor Investments, Scotia Group

Carreras climbs $2.29 pushes JSE

January 23, 2015 by IC Insider.com

Carreras closed trading at $39.50 to end the day at a new 52 weeks’ high and Scotia Group after hitting $21.99 with 739,792 shares by mid-day, closed at $20.50 and were the main contributors to a strong increase in the main market indices on Friday. The gains were not adequate to stop the overall market from registering the third consecutive day of declining stocks out numbering advancing ones.
Activity on the overall Jamaican stock market, resulted in the prices of 6 stocks rising and 9 declining as 29 securities changed hands, ending in 5,019,576 units trading, valued at $36,430,375, in all market segments.
Main Market| The JSE Market Index gained 1,175.44 points to 77,828.04, the JSE All Jamaican Composite index rose 1,314.20 points to close at 85,733.67 and the JSE combined index gained 1,070.76 points to close at 79,654.74.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 10 stocks with bids higher than their last selling prices and 3 with offers that were lower.

Scotiabank shares helped to push the index in Fridays trading.

Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Caribbean Cement ending with 12,825 units changing hands, to close with a gain of 5 cents at $2.35. Carreras swapped 124,240 shares to close with a gain of $2.29 at $39.50, the highest price it closed at since, November 6, 2013 when it then closed at $40. Jamaica Money Market Brokers closed with 93,329 ordinary shares trading, with a gain of 2 cents to $6.57, Scotia Investments contributed 5,000 units in trading to close 4 cents higher at $22.55 and Supreme Ventures had 10,600 shares changing hands, the price gained 15 cents to $2.15.
Firm| The stocks in the main market to close without a change in the last traded prices are, Berger Paints in trading 1,569 units ended at $1.55, Cable & Wireless closed with 31,881 shares changing hands at 50 cents. Ciboney ended with 10,000 shares trading at 7 cents, Desnoes & Geddes closed with 909,979 units trading to end at $4.80, Jamaica Broilers closed with 89,998 units traded at $4, Jamaica Stock Exchange finished with 10,000 units changing hands at $2. Kingston Wharves exchanged only 827 units at $5.60, Mayberry Investments traded at $2, in swapping ownership of 200,406 shares, Proven Investments traded 17,000 shares at 21 US cents, Radio Jamaica closed with 800 shares changing hands at $1.30 and Scotia Group ended up with 750,762 shares changing hands at $20.50.

Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Gleaner closing with 64,463 units trading as the price slipped 5 cents to 80 cents, for a new 52 weeks low, Grace Kennedy finished with 23,770 shares trading lower by 50 cents to $62.50, Kingston Properties closed with 29,925 shares changing hands to close lower by 50 cents at $7, National Commercial Bank closed with 50,453 units as the price slipped 19 cents to $19.31, Pan Jamaican Investment finished with 26,363 units trading, the price eased by 10 cents to $52, Radio Jamaica ended with 560 shares trading lower by 15 cents to $10.05 and Sagicor Group closed trading with 10,947 units as the price slipped 30 cents to $6.65.
Preference| Eppley 10% preference share traded 34,500 units at $6 and Jamaica Money Market Brokers 7.50% preference share ended with 1,773,100 units trading at $2.

Filed Under: JSE Main Market Tagged With: Berger Paints, Broilers, Cable & Wireless, Caribbean Cement, Carreras, Ciboney, Desnoes & Geddes, Gleaner, Grace Kennedy, jamaica, Jamaica Money Market Brokers, Jamaica Stock Exchange, Kingston Properties, Kingston Wharve, Mayberry Investments, National Commercial Bank, Pan Jamaican Investment, Proven Investments, Radio Jamaica, Sagicor Group, Salada Foods, Scotia Investments

JPS share jumps $119

January 12, 2015 by IC Insider.com

In Monday’s activity on the Jamaica Stock Exchange, the price of Jamaica Public Services 9.5% Preference shares jumped by $118.90 to end at $1,125 for a new all-time high as investors traded the stock for $236,250,000. Activity in the overall market resulted in the prices of 10 stocks rising and 3 declining as 26 securities changed hands, ending in 2,749,084 units trading, valued at $241,908,563, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 10 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower.
Main Market| The JSE Market Index fell 205.19 points to 76,128.35, the JSE All Jamaican Composite index lost 229.40 points to close at 83,833.34 and the JSE combined index declined by 181.96 points to close at 78,141.73.
Gains| Stocks gaining at their last traded prices, at the end of trading in the main market are, Carreras ending with 500 units, the price rose 2 cents to $37.03. Jamaica Broilers ended with 70,537 units changing hands to close with a gain of 3 cents at $4.02, Jamaica Money Market Brokers finishing with 68,763 shares changing hands, to close with a gain of 5 cents, to $6.55. Jamaica Stock Exchange finished with 30,000 shares changing hands, 10 cents higher at $2, National Commercial Bank ended with 8,405 shares trading to gain 20 cents at $19. Sagicor Group finished trading with 27,006 units changing hands to close with a gain of 4 cents at $9.95 and Supreme Ventures finished trading with 4,000 shares with the price rising 3 cents to $1.80
Firm| The stocks in the main market to close without a change in the last traded price are, Cable & Wireless closing with 202,323 units trading at 48 cents. Caribbean Cement ended with 45,596 units trading at $2.50, Kingston Wharves closed with 4,747 shares at $6, Radio Jamaica closed with 4,400 units at $1.30, Scotia Group finished with 33,854 units trading at $20.10 and Scotia Investments ended with 9,002 shares trading at $23.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Grace Kennedy closing with 3,896 units trading as the price slipped $1 to $62, Mayberry Investments finished with 400,500 shares trading lower by 5 cents to $1.95 and Sagicor Real Estate Fund ended with 2,000 shares changing hands to close lower 15 cents lower at $7.05.
Preference| Jamaica Money Market Brokers 7.50% preference share had 309,000 shares changing hands at $2 and Jamaica Public Service Co 9.5% preference share ended with 210,000 units changing hands to close with a gain of $118.90 at $1,125, the move has reduced the yield to 8.44 percent fr0m 9.5 percent, the coupon rate.

Filed Under: JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Carreras, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Public Services, Jamaica Stock Exchange, Kingston Wharves, Mayberry Investments, National Commercial Bank, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Scotia Investments, Supreme Ventures

A big NCB sell off of US dollars

October 3, 2014 by IC Insider.com

Jamaica’s National Commercial Bank bought US$4,366,621, at an average rate of J$112.31 to the USA dollar, on Friday, but sold US$17,178,604 at an average of J$112.66, the second time within a week, that the country’s dominant bank, was featuring heavily in the market. Last week Friday, National Commercial Bank bought US$20,408,481, at an average rate of $112.70 and sold only US$8,911,292 at $112.75. On Monday, this week Firstcaribbean Bank had a net sell off of US$6 million. The net sales come at a time when the beleaguered Jamaican dollar has been making slow gains, against the US dollar, having peaked at $112.87, on July 25.
In Friday’s forex trading, outflows exceeded inflows by nearly US$12 million. Authorized dealers purchased the equivalent of US$37,912,992 versus US$26,488,326 on Thursday, the equivalent of US$49,474,851 was sold compared with US$26,902,239 on Thursday.
In US dollar trading, dealers bought US$33,871,010 compared to US$22,597,931 on Thursday. The buying rate for the US dollar climbed 8 cents to $112.33 and US$46,851,454 was sold versus US$24,072,019 on Thursday, the selling rate inched down 1 cent to $112.64. The Canadian dollar buying rate, dropped $2.31 to $97.85 with dealers buying C$647,386 and selling C$431,934 at an average selling rate that rose 11 cents, to $100.80. The rate for buying the British Pound dropped 36 cents to $178.72, for the purchase of £1,641,087, while £971,922 was sold, at $180.17, down $1.69. Other currencies bought, amounted to the equivalent of US$867,036, while selling was for the equivalent of US$682,206.
Highs & Lows| The highest buying rate for the US dollar, closed with a loss of 15 cents at $112.80, the lowest buying rate was unchanged at $91.85, the highest selling rate rose $3.70 to $117.70 and the lowest selling rate fell back $16.34 to $93.66. The highest buying rate for the Canadian dollar fell 50 cents to $100.50, the lowest buying rate rose 30 cents to $80.10, the highest selling rate increased 46 cents to $103.50. The lowest selling rate dropped 15 cents to $96. The highest buying rate for the British Pound, dropped 25 cents to $182.05, the lowest buying rate fell 53 cents to $145.67. The highest selling rate jumped $2.58 to $188.48 and the lowest selling rate eased $3.40 to $174.60.

Filed Under: Breaking News, FX Market, Stock Market Tagged With: BOJ, British Pound, Canadian dollar, First Caribbean, FX Market, Jamaica dollar, National Commercial Bank, US Dollar

Heavy JSE trading but mostly crosses

June 26, 2014 by IC Insider.com

Trading was heavy on the Jamaica Stock Exchange on Thursday with activity in 29 securities, accounting for 19,315,234 units changing hands valued at $138,385,972. There were a number of large trades as Barita Investment was involved in a series of crosses that helped to drive up the overall volume. At the end of trading the main indices declined but 13 stocks rose in price to 8 that declined. The stocks that dominated trades are Carreras, Desnoes & Geddes, Grace Kennedy, Jamaica Broilers, Jamaica Stock Exchange, National Commercial Bank, Sagicor Group, Scotia Group and Seprod.
. Main Market| The JSE Market Index fell by 200.81 points to 70,040.17 and the JSE All Jamaican Composite index closed with a fall of 224.55 points at 77,025.83.
Gains| Stocks recording gains at the end of trading in the main market are Cable & Wireless with a mere 4,200 units to gain 4 cents in closing at 34 cents, Desnoes & Geddes with 663,400 units to end up a cent higher at $4.50, Grace Kennedy with 402,705 shares valued at $21,750,097 with the price rising by a cent to $54.01, Jamaica Money Market Brokers with 23,422 shares to close 5 cents higher at $6.70, Jamaica Producers 151,096 units to gain 2 cents to close at $15.62, Kingston Wharves with 183,651 shares to close 2 cents higher at $5.02, Proven Investments 320 ordinary shares to close at 2 US cents higher at 18 US cents, Sagicor Real Estate Fund 20,200 shares to close at $6.08 with an 8 cents gain, Scotia Investments with 211,369 units to close 15 cents up, at $21.65, Seprod with 586,550 units valued at $6,168,355, closed with a 20 cents gain at $10.70 and Supreme Ventures with 28,202 units closed with a gain of 8 cents at $1.98.
Firm| There were 5 stocks in the main market closing without a change in price as Gleaner with 6,000 shares, closed at $1.10, Jamaica Broilers 1,420,087 units valued at $6,560,425 to close at $4.57, Mayberry Investments 199,260 units to close at $1.45, Pulse Investments with 40,000 shares, closed at 30 cents and Radio Jamaica with 7,025 units to close at $1.29.
Declines| The number of stocks that declined in the main market are Caribbean Cement with 112,950 units while losing 45 cents to close at $2.50, Carreras with 545,700 units with a value of $18,549,227 as the price closed down 45 cents at $33.50, Jamaica Stock Exchange with 10,200,000 units valued at $19,278,000 and closed with a loss of 6 cents at $1.89, National Commercial Bank saw trading in 1,396,013 shares valued at $24,907,892 with 97 cents fall to $18.03, Sagicor Group put in 1,217,665 units with a value of $10,653,390 to close 50 cents lower at $8.50 and Scotia Group with 861,576 shares valued at $16,361,316, closed with a cent off at $18.99.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 321,495 units to close a cent higher at $3.03 and Jamaica Public Service 5% D preference share traded 1,000 shares to close at 35 cents
Junior Market| The JSE Junior Market Index declined by 0.26 points to close at 708.86 as only 5 stocks traded in this market.
Gains| The sole stocks recording gains at the end of trading in the junior market is General Accident Insurance with 318,132 units to close with a 3 cents decline at $1.40.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are Caribbean Producers with 329,316 shares at $2.65, Lasco Distributors with 31,000 shares changing hands at $1.20 and Lasco Financial with 900 units to close at $1.
Declines| Lasco Manufacturing with 32,000 shares and closed with a cent decline at $1.06 was the only stock declining in the junior market at the end of trading.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
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Filed Under: JSE Main Market, Stock Market Tagged With: C&WJ, Caribbean Cement, Carreras, D&G, General Accident, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, JMMB, JPS, Kingston Wharves, Lasco, Mayberry, National Commercial Bank, NCB, Proven, Sagicor Group, Scotia Group, Seprod, Supreme Ventures

Declines continue to dominate

June 23, 2014 by IC Insider.com

Trading on the Jamaica Stock Exchange on Monday saw the prices of only 3 stocks rose and 8 declined as 20 securities changing hands resulting in 1,417,573 shares trading valued at $12,223,034 as the market continues to remain soft.
Main Market| The JSE Market Index fell by 310.45 points to 69,430.63 and the JSE All Jamaican Composite index lost 347.13 points to close at 76,344.27.
Gains| Stocks recording gains at the end of trading in the main market are Caribbean Cement with only 747 shares to close with a gain of 50 cents at $2.75, Jamaica Broilers with 100 units gained 13 cents to close at $4.70 and Jamaica Money Market Brokers 4,100 shares to close with a gain of a cent at$6.66.
Firm| The stocks in the main market to close without a change in price are Barita Investments with 1,780 shares closing at $2.34, Carreras with 5,000 units and closed at $33.50, Grace Kennedy with 11,646 units as the price closed at $54, Mayberry Investments 58,414 shares and closed at $1.45, Pan Jamaican Investment with a mere 377 shares at $48.01 and Proven Investments with 73,960 ordinary shares as the price closed at 18 US cents.
Declines| The number of stocks declining in the main market are Jamaica Producers with 15,287 shares as the price dropped $1.40 to end at $15.60, a new 52 weeks low, Kingston Wharves 135,850 shares while losing 10 cents to close at $4.90, a new 52 weeks low, National Commercial Bank only 10,100 units to close with a loss of $1.20 at $17.30, Sagicor Group with 395,701 shares changing hands for a 2 cent decline to $8.88 and Scotia Group with 76,490 shares as the price slipped by 51 cents to close at $18.50.
Preference| Jamaica Money Market Brokers 8.75% preference share traded with 370,000 units changing hands for a 2 cents decline to end at $3.03 and Jamaica Teas debenture note traded 10,000 units at par of $100.
Junior Market| The JSE Junior Market Index declined by 4.81 points to close at 714.54 as only 4 stocks traded with none advancing and 2 declining.
Gains| In a low trading market there were no stock recording gain at the end of trading in the junior market.
Firm Trades| Stocks in the junior market stocks that traded to close at the same price as the day before are Access Financial 107,600 shares to close at $13.50 and Lasco Distributors with 127,598 units and closed at $1.20.
Declines| Stocks declining in the junior market at the end of trading are Lasco Manufacturing with 10,000 shares changing hands for a 2 cents decline to close at $1.10 and Lasco Financial with 12,823 shares closed 8 cents lower at $1.07
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 9 stocks with the bid higher than the last selling price and 5 stocks with offers that were lower.

Filed Under: JSE Main Market, Stock Market Tagged With: Barita Investments, C&WJ, Caribbean Cement, Carreras, Jamaica Broilers, Jamaica Producers, Jamaican Stock, Jamaican Teas, JMMB, Kingston Wharves, Lasco, Mayberry, National Commercial Bank, NCB, Pan Jam, Proven, Sagicor

More stocks decline as volumes jump

June 18, 2014 by IC Insider.com

In Wednesday’s trading on the Jamaica Stock Exchange the prices of 6 stocks rose and 9 declined as 29 securities traded, resulting in 22,241,794 shares changing hands valued at $382,726,202.Scotia Investments was one of the brokers that was heavily involved in sales of some of the high volume trades while Pan Caribbean was involved in major crosses for a large portion of the Sagicor Group shares that traded but Scotia Investments was also involved in selling of this stock. Proven Wealth was the broker trading the block of Proven ordinary shares that was crossed. Mayberry Investments closed at a new 52 weeks low at the end of trading.
Main Market| The JSE Market Index fell by 320.97 points to 69,940.79 and the JSE All Jamaican Composite index moved down by 358.91 points to close at 76,914.71.
Gains| Stocks recording gains at the end of trading in the main market are Ciboney with only 4,000 units to gain a cent and closed at 8 cents, National Commercial Bank with 2,072,226 shares valued at $35,858,252, closed with a 5 cents gain to $18.55, Pan Jamaican Investment with 745,000 shares with a value of $35,797,2500 closed at $48.05 for a 5 cents rise, Sagicor Group saw 9,543,413 shares changing hands worth $84,556,781 as the price closed up by 10 cents at $8.90 and Supreme Ventures with only 1,150 unis, gained 3 cents to $1.99.

Firm| The stocks in the main market to close without a change in price are Cable & Wireless with only 10,000 shares and closed at 27 cents, Caribbean Cement 10,050 units to close at $2.10, Desnoes & Geddes had 846 shares trading, to close at $4.30, Gleaner with 201,732 shares closed at $1.10, Grace Kennedy 1,561,330 shares valued at $84,411,820 to close at $54, Jamaica Broilers 838 shares closed at $4.57, Jamaica Money Market Brokers traded 99,448 units to close at $6.60, Kingston Wharves had 63,082 units changing hands as it closed at $5.05 and Radio Jamaica with 10,292 ended at $1.29.
Preference share| Jamaica Money Market Brokers 8.75% preference share with 306,100 units closed unchanged at $3.05.
Declines| The number of stocks that declined in the main market are Berger Paints with 7,863 shares as the price closed down 4 cents at $1.66, Carreras with 100 shares, closed with a decline of 5 cents to $33.95, Mayberry Investments 10,000 units, to close at $1.50, down by 15 cents for a new 52 weeks low, Proven Investments with 5,661,425 units losing 0.0001 US cents to end at 0.1799 US cents. Sagicor Real Estate Fund had only 2,100 units as the price dropped a cents to close at $6.09, Scotia Group had a big trade of 1,251,830 shares valued at $24,171,166, the price lost 10 cents to close at $19.20 and Scotia Investments with 16,353 units ended down by 90 cents, at $23.10
Junior Market| The JSE Junior Market Index declined by 0.63 points to close at 710.15 as 7 stocks traded with only one advancing and 2 declining.
Gains| General Accident Insurance was the only stocks recording gains at the end of trading in the junior market with 40,000 units as the price was up a cent at $1.37.
Firm Trades| The stocks in the junior market stocks that traded to close at the same price as the day before are Access Financial with 30,000 shares traded to close at $13.50, Blue Power with 2,452 units closed at $9.01, Medical Disposables with 3,000 shares to close at $2 and Paramount Trading 387,085 units to end at $2.68.
Declines| Stocks declining in the junior market at the end of trading are Caribbean Cream with 174,079 and closed with a decline of 5 cents to close at 70 cents and Consolidated Bakeries traded 26,000 units to close with a 2 cents fall to 80 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower.