Palace Amusement Company

Palace jumps $10 to $80

April 1, 2015 by IC Insider.com

Patrons lined up at Palace’s Multiplex in Montego Bay

Wednesday’s activity on the Jamaica Stock Exchange, saw Palace Amusement Company jumping $10 to end at $80 with 9,550 shares changing hands, to be the leading price mover on the first trading day of the second quarter. The company posted better six months’ results to December last year and is expected to cut cost with the closure of the cinema in Mandeville.
Main Market| The JSE Market Index lost 208.43 points to 83,596.25, the JSE All Jamaican Composite index fell 233.04 points to end at 92,182.78 and the JSE combined index dropped by 111.67 points to close at 85,292.93.
Elsewhere in trading resulted in the prices of 7 stocks rising, 8 declining as 21 securities changed hands, ending in 2,749,601 units trading, valued at $20,236,546, 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 8 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower.
The main stocks trading in the main market are, Desnoes and Geddes with 1.5 million units ending at $5.50, for a 9 cents gain, Cable and Wireless with 710,000 units at 50 cents, Grace Kennedy with 45,844 units to close at $62 down 50 cents, as National Commercial Bank with 64,700 units and closing at $25. Sagicor Group chipped in with 86,700 units at $10.51 and Scotia Group had 79,445 units trading to close lower at $21.56.
Stocks closing with interesting bids and offers include Carreras with 88,500 units with a bid price of $40.01 with meaningful offer some distance off.

Gleaner with over 1 million units on the bid at 90 cents versus 500,000 on offer at $1.07. National Commercial Bank with a bid of $25 to buy nearly 200,000 units with the offer at $25.25 to sell 200,000 shares. Radio Jamaica with 1 million units bid at $1.48 just below the last traded price and the Sagicor Real Estate Fund with an offer to sell 1.44 million units at $6.95 and Seprod with 555,000 units on offer at $15.90.

Filed Under: JSE Main Market, Stock Market Tagged With: C&WJ, Carreras, D&G, Gleaner, Grace Kennedy, Jamaican Stock, NCB, Palace Amusement Company, Radio Jamaica, Sagicor, Scotia, Seprod

8 JSE stocks rise 4 down on Tuesday

February 10, 2015 by IC Insider.com

Carreras closed at a new 52 weeks’ high of $43 on Tuesday.

Tuesday’s activity on the Jamaica Stock Exchange picked up somewhat from Monday’s poor showing but it still remains at extreme low levels, and resulted in the prices of 8 stocks rising, 4 declining as 24 securities changed hands, ending in 2,488,709 units trading, valued at $9,886,268, in all market segments.
Main Market| The JSE Market Index lost 136.66 points to 77,813.64, the JSE All Jamaican Composite index fell 152.80 points to close at 85,717.56 and the JSE combined index declined by 61.43 points to close at 79,801.73.
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 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 456,902 shares trading, rising 5 cents to 50 cents, after the parent company indicated that revenues climbed 27 percent in the December quarter for the Jamaican subsidiary. Carreras closed with 61,408 units and put on $1 to close at a new 52 weeks’ high of $43, Grace Kennedy ending trading with 16,643 shares and increased 5 cents to $60, National Commercial Bank closing with 12,697 shares while gaining 5 cents to $20.45, Sagicor Real Estate Fund finished with 17,000 shares as the price jumped 5 cents to $6.70 and Scotia Investments in trading 7,733 shares, ended with an increase of 45 cents to $23.

Firm| The stocks in the main market to close without a change in the last traded prices are, Berger Paints trading as 3,000 shares changed hands at $1.56, Caribbean Cement finishing with 5,624 shares changing hands at $2.25, Kingston Wharves trading 239,137 shares and closed at $6. Palace Amusement finished with 3,000 units trading at $66, Pan Jamaican Investment closed with 9,450 units at $53 and Sagicor Group ending trading with 16,470 shares changing hands at $10.25.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Jamaica Broilers closing with 37,000 shares, 14 cents lower to $4.05. Proven Investments ending trading with just 1,548 shares, 1.02 cents down to 20 US cents, Salada Foods closing with just 100 units to fall 9 cents to $10.30 and Scotia Group finishing with 15,656 units with a 15 cents decline to $20.35.
Preference| Jamaica Money Market Brokers 7.50% preference share closed with 778,511 units trading at $2.

Filed Under: JSE Main Market, Stock Market Tagged With: Berger Paints, C&WJ, Caribbean Cement, Carreras, Grace Kennedy, Jamaica Broilers, JMMB, Kingston Wharves, NCB, Palace Amusement Company, Pan Jam, Proven, Sagicor, Sagicor Real Estate Fund, Salada Foods, Scotia, Scotia Investmensts, Trading Activity

Grace trades 9.3m shares for $561M

November 24, 2014 by IC Insider.com

Grace stock traded 9.3m shares for $579M

Monday’s activity on the Jamaica Stock Exchange, resulted in the prices of 7 stocks rising and 4 declining, as 21 securities changed hands, ending in 10,641,210 units trading, valued at $578,991,647. Grace Kennedy accounted for $561,073,565 of the value traded, 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 had 6 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
Main Market| The JSE Market Index lost 59.11 points to 74,562.05, the JSE All Jamaican Composite index fell 66.09 points to close at 82,082.04 and the JSE combined index declined by 30.14 points to close at 76,473.77.
Gains| Stocks gaining at their last traded prices, at the end of trading in the main market are, Caribbean Cement concluded trading with 4,375 shares, 14 cents higher, to $2.40, Carreras finished trading with 2,073 shares changing hands, with a $1 gain at $37. National Commercial Bank closed with 748,862 shares while gaining 25 cents to $19.25, Sagicor Group finished with 48,850 units to close with a gain of 8 cents at $9.99 and Sagicor Real Estate Fund saw trading in 117,463 units to close with a gain of 15 cents to $6.85.
Firm| The stocks in the main market to close without a change in the last traded prices are, Desnoes & Geddes with 4,611 shares changing hands, to close at $4.85, Jamaica Money Market Brokers ended trading with 6,000 ordinary shares at $7. Kingston Wharves closing trading with 21,297 shares at $6, Proven Investments had 57,114 shares changing hands, at 17.30 US cents and Radio Jamaica concluded trading with 9,000 shares changing hands to close at $1.18.

Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless ended with 39,733 units, the price slipped 2 cents to 43 cents, Grace Kennedy closed with 9,349,668 shares trading 59 cents lower at $60.01, Palace Amusement finished with only 100 shares with a loss of $11 to $66 and Scotia Group finished trading with 34,750 units to fall 50 cents to $19.50.
Preference| Jamaica Money Market Brokers 7.50% preference share traded 4,000 units at $2.

Filed Under: JSE Main Market, Stock Market Tagged With: Caribbean Cement, Carreras, D&G, Daily Trading, Grace Kennedy, Jamaica Broilers, Jamaican Stock, JMMB, Kingston Wharves, NCB, Palace Amusement Company, Proven, Radio Jamaica, Sagicor, Scotia

8 up 9 down on JSE

November 18, 2014 by IC Insider.com

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Tuesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 8 stocks rising and 9 declining as 27 securities changed hands, ending in 4,235,650 units trading, valued at $51,526,408, 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 had 3 stocks with bids higher than their last selling prices and 8 stocks with offers that were lower.
Main Market| The JSE Market Index fell 194.52 points to 74,012.60, the JSE All Jamaican Composite index declined 217.50 points to close at 81,467.68 and the JSE combined index dropped 146.86 points to close at 75,883.36.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Jamaica Money Market Brokers, finishing trading with 50,000 ordinary shares, 7 cents higher at $6.57. National Commercial Bank finished trading with 49,500 shares while gaining 1 cent to $18.51, Pan Jamaican Investment saw trading in 4,039 units, to close with a gain of 1 cent to $50.27, Scotia Group 108,965 shares traded at 22 cents higher to close at $19.62 and Supreme Ventures with 74,000 shares changing hands, gained 1 cent to $1.76.
Firm| The stocks in the main market to close without a change in the last traded prices are, Gleaner with 110 shares at $1.05, Jamaica Broilers closing with 501,266 shares changing hands at $4, Jamaica Producers concluded trading with 5,000 shares at $15.50. Kingston Wharves had 4,285 shares changing hands $6, Mayberry Investments ended trading with 74,610 shares changing hands to close at $1.50 and Scotia Investments closed with 30,000 shares at $22.51.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless finished trading with 1,670,678 units and fell 7 cents to 42 cents, Caribbean Cement concluded trading with 10,728 units with a decline of 1 cent to $2.40, Carreras exchanged 1,128,573 shares in trading, with a loss of $2 to close at $35, for Desnoes & Geddes there was dealing in 145,000 units, to close with a 5 cents fall to $4.85. Grace Kennedy contributed just 1,520 shares to trading but lost of 50 cents to end at $60.50, Palace Amusement concluded trading with 100 units to fall $13 to a 52 weeks’ low of $77, Proven Investments exchanged 80,033 units with a decline of 0.49 cent to 17.5 US cents and Sagicor Group ended trading with 145,000 units, with a decline of 1 cent to $9.99.
Preference| Jamaica Money Market Brokers 8.75% preference share traded with 155 units changing hands with a gain of 1 cent to $3 and Jamaica Money Market Brokers 7.50% finished trading with 14,500 shares trading at $2.