NCB & Grace dominate trading on JSE

April 17, 2015 by

Grace traded over 1 million shares on Friday and closed at $64.

Grace traded over 1 million shares on Friday and closed at $64.

Activity on the Jamaica Stock Exchange, resulted in the prices of 8 stocks rising, 7 declining as 24 securities changed hands, ending in 4,036,900 units trading, valued at $124,288,838, in all market segments as Grace Kennedy and National Commercial Bank controlled 1 million shares each.
JSE sum 17-4-15 Main Market| The JSE Market Index gained 356.30 points to 85,090.13, the JSE All Jamaican Composite index increased by 398.35 points to close at 93,853.01 and the JSE combined index rose 340.07 points to close at 86,937.80.
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 2 with offers that were lower, down from Wednesday’s stronger reading.
Stocks trading included, Cable & Wireless with 989,876 shares, to close at 50 cents, after losing 2 cents, but traded as high as 52 cents,
Carreras traded 1 million units at $43.50, up by $1.50, Grace Kennedy had 1,100,230 units trading, to close $1.95 higher, than on Thursday, at $64, but the stock traded previously at $62.10. The trade was worth $68.3 million. Jamaica Money Market Brokers 8.75% preference share ended with 38,800 units trading, at $3.10, JSE Qts -17-4-15National Commercial Bank traded 40,096 units, all at $25.53, slipping by 47 cents for Thursday’s close. Pan Jamaican Investment had 29,160 shares trading at $55.10, followed by Proven Investments closed with 20,151 unchanged at 18 US cents, Sagicor Group with 202,495 at $10.50, Scotia Group traded 25 cents higher at $22.25 having traded as low as $22 with 248,882 units and Scotia Investments with 22,000 units closed at $23.01.

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Are JSE month end prices manipulated?

March 31, 2015 by

Grace shares gained $1.49 to end at $62.50 on Tuesday

Grace shares gained $1.49 to end at $62.50 on Tuesday

At the close of trading on the penultimate day of March, the Jamaica Stock Exchange closed with one of the highest number of bids in excess of the last traded prices of stocks on the exchange. The closing prices of stocks on Tuesday, resulted in one of the highest number gaining in one day, for some time, and they were just over the number of higher bids at the close on Monday. On Tuesday, the bids that were higher than the last selling prices of stocks, fell back sharply at the close.
From as far back as the last full week before the month end, there were signs of closing bids and offers being posted with what appears an intent to maintain them at higher levels until month end or close thereto as possible. Tuesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 18 stocks rising, only 3 declining as 32 securities changed hands, ending in 3,268,722 units trading, valued at $28,664,047, in all market segments.
Main Market| 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.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows just 7 stocks with bids higher than their last selling prices and 4 with offers that were lower in contrast with 14 to 4 at the end of trading on Monday.
Gains| Stocks gaining with last traded prices, at the end of trading
Scotia Investments gained $1.50 to end at $23.50 on Tuesday

Scotia Investments gained $1.50 to end at $23.50 on Tuesday

in the main market are, Barita Investments with 500 shares trading with a gain of 3 cents to $2.22, Desnoes & Geddes closing with 28,800 shares, the price gained 1 cent to $5.41. Grace Kennedy finishing trading with 200,622 units as the price ended higher by $1.49 to $62.50, Mayberry Investments ending trading with 72,099 shares, 2 cents higher at $2.10, National Commercial Bank closing with 143,351 shares while gaining 30 cents to $25.18, Pan Jamaican Investment contributing 600 units and the price closing with a gain of 1 cent, at $57.02. Radio Jamaica completing trading with 96,791 shares and rising 12 cents to $1.50, Sagicor Group concluding trading with 661,549 units and put on 5 cent to $10.55, Scotia Investments had 16,450 shares changing hands to end with an increase of $1.50 at $23.50 and Supreme Ventures closing with 5,000 shares as the price climbed 11 cents to $2.40.
Firm| The stocks in the main market to close without change in the last traded prices are, Cable & Wireless finishing trading with 172,000 shares at 50 cents, Caribbean Cement in trading 1,500 shares while ending at $2.25. Carreras completed trading with 1,980 shares changing hands at $40, Jamaica Broilers with 2,000 shares changing hands closed at $4.50, Jamaica Money Market Brokers while exchanging 17,572 ordinary shares closed at $7.06, Proven Investments ending trading with 6,300 units with the price remaining 18 US cents and Sagicor Real Estate Fund had 22,500 shares changing hands at $6.90.
JSE sum -31-3-15
Declines| There was only one stock that closed lower than the opening as Scotia Group finished trading with 79,892 units to close at $21.76, after losing 44 cents.
Preference| In the preference sector, Jamaica Money Market Brokers 8.75% preference share closed with 500 shares changing hands, 1 cent higher at $3.05, Jamaica Money Market Brokers 7.25% preference share trading with 1,500 units at $2.50, Jamaica Money Market Brokers 7.50% preference share concluding trading with 25,072 units at $2 and Eppley 9.5% preference share, closing with 22,676 shares changing hands at $6.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , ,

Pan Jam & Sagicor Financial better buys

March 29, 2015 by

pan_jamaican_logo280x150I am of the view that a Jamaican investor looking to get in to SGJ would be best served by purchasing either Pan Jam or Sagicor Financial Corporation (SFC) or both.
Pan Jam because it is trading at a discount to equity as well as being very heavily invested in Jamaican real estate with excellent levels of occupation and with large minority positions in mostly export oriented companies. The vast bulk of its revenue is derived from SGJ as a result of the 31+% shareholding. Sagicor Group (SJ) has also recently gone in to Central America in addition to their Cayman subsidiary which acts as a hedge against further devaluation of the JA$.
SFC because it trades at a significant discount to equity as well as having most of its asset base (about 66%) outside of Jamaica and most of that in currencies which are fixed against the US$ also therefore acting as a hedge against JA$ devaluation. Further, in my view, the T&T and Barbados markets are discounting almost entirely the value of SJ which allows for better value for a Jamaican investor in SFC.
SJ itself is also trading below equity. In my view, the first attached article supports my argument for purchase of either company to get the benefit of SGJ. The second analysis done by myself in May 2011 using the approach identified in the first article attempts to identify the “true” value of SFC.
At close of trading today (Friday 10/10/2014) the market capitalisation of SJ exceeds that of SFC on a constant currency basis by TT$210,939,023 (J$3,743,302,723). I suspect that it was the recognition of this problem which caused SFC to delist from the JSE.
I am a shareholder in SFC and I live in T&T.
Roland Bynoe

Filed Under: Company News, General Business News Tagged With: , ,

Is end of quarter JSE rally on?

March 26, 2015 by

Jcakie Sharp CEO of Scotia Group that gained 45 cents on Thursday

Jcakie Sharp CEO of Scotia Group that gained 45 cents on Thursday

Thursday’s activity on the Jamaica Stock Exchange, resulted in the prices of 9 stocks rising, 4 declining as 20 securities changed hands, ending in 1,460,254 units trading, valued at $13,535,638, in all market segments. Closing market indicators are pointing to increased price gains, with the first quarter winding to a close.
Main Market| The JSE Market Index gained 865.46 points to 83,174.80, the JSE All Jamaican Composite index rose 967.61 points to close at 91,711.58 and the JSE combined index increased 800.44 points to 84,804.11.
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 3 stocks with offers that were lower. The increased numbers, is suggestive of month end and end of quarter moves, by some investors or fund managers to get prices or values of certain stocks up to influence portfolio valuation, rather than a sustained higher interest in the market. Admittedly, the reading since March 18, has been strong with the number of higher bids ranging between 10 and 12.
Carreras gained 95 cents and is heading back above $40

Carreras gained 95 cents and is heading back above $40

Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Carreras closed with 4,200 shares changing hands 95 cents $39.95, Jamaica Broilers finishing trading with 2,000 shares changing hands at 20 cents to $4.50, National Commercial Bank concluding trading with 201,500 shares while gaining 89 cents $25. Pan Jamaican Investment finishing with 905 units to close with a gain of 1 cent to $57.01, Sagicor Group finishing trading with 131,751 shares to end with an increase of 9 cents to $10.60, Scotia Group contributing 162,952 shares while gaining 45 cents to $21.50 and Seprod ending trading with 37,892 shares as the price jumped $1.10 to $14 for a new 52 weeks’ high.
Firm| The stocks in the main market to close without a change in the last traded prices are, Berger Paints trading with 7,496 shares at $1.61, Cable & Wireless dealing in 333,413 units and closing at 50 cents. Caribbean Cement had 30,000 shares changing hands at $2.25, Desnoes & Geddes ending trading with 7,728 units at $5.45 and while exchanging 2,320 units, closed at $6.40.
JSE sum 26-3-15 Declines|The last traded prices of stocks with losses, at the end of trading in the main market are, Jamaica Money Market Brokers, closing with 223,767 units, finishing 24 cents lower at $7.02, Mayberry Investments concluding trading with 11,829 units, 36 cents lower to $2 and Scotia Investments in trading 9,000 units, the price slipped $1 to $22.
Preference| Proven Investments 8% preference share and closing with 1,000 shares traded with a gain of 45 cents to $5.50.

Filed Under: Breaking News, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , ,

Moderate trading on JSE – Wednesday

March 25, 2015 by

Pan Jamaican gained $1.95 to closed at $57 on Wednesday

Pan Jamaican gained $1.95 to closed at $57 on Wednesday

There was moderate activity on the Jamaica Stock Exchange during Wednesday’s session, resulting in the prices of 5 stocks rising, 8 declining as 19 securities changed hands, ending in 1,000,279 units trading, valued at $12,453,883, in all market segments.
Main Market| At the close, the JSE Market Index dropped 240.35 points to close at 82,309.34, the JSE All Jamaican Composite fell 268.71 points to close at 90,743.97 and the JSE Combined Index declined by 217.82 points to close at 84,003.67.
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 5 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Gleaner closing with 50,000 units and added 5 cents to end at 95 cents. Jamaica Broilers concluding trading with 2,351 shares changing hands, gained 25 cents to $4.30, Pan Jamaican Investment finished trading with 15,330 shares traded with a gain of $1.95 to $57, Sagicor Real Estate Fund closing with 4,650 shares changing hands at 25 cents higher to $6.95 and Scotia Group concluding trading with 84,692 shares with the price rising 5 cents to $21.05.
Firm| The stocks in the main market to close without a change in the last traded prices are, Desnoes & Geddes ending trading with 2,200 shares at $5.45 and Grace Kennedy while having 66,194 shares changing hands closed at $61.JSE sum 25-3-15
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless closing with 63,730 units, the price ended 2 cents down at 50 cents. Caribbean Cement finishing trading with 26,007 units, as the price slipped 5 cents to $2.25, Carreras ending with 10,560 units 10 cents off to $39, Jamaica Producers in trading 1,150 units, slipped 40 cents to $15.60. Mayberry Investments finishing trading with 40,168 shares changing hands for 2 cents lower at $2.36, National Commercial Bank had 56,063 shares changing hands for 88 cents loss to $24.11 and Sagicor Group contributing 321,714 shares to trading at 4 cents lower to $10.51.
Preference| Jamaica Money Market Brokers 8.75% preference share finishing trading with 4,450 units at $3.04.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , ,

Six stocks rose nine fell on JSE

March 19, 2015 by

NCB closed in T&T at J$28 equivalent on Thursday and $24.51in Kingston

NCB closed in T&T at J$28 equivalent on Thursday and $24.51 in Kingston

Thursday’s activity on the Jamaica Stock Exchange, resulted in the prices of 6 stocks rising, 9 declining as 22 securities changed hands, ending in 4,999,406 units trading, valued at $37,729,585, in all market segments.
strong> Main Market| The JSE Market Index gained 30.62 points to 82,563.78, the JSE All Jamaican Composite index rose 34.24 points to close at 91,028.44 and the JSE combined index declined 41.04 points to close at 84,253.49.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 12 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the close of the main market are, Carreras closing with 137,420 shares changing hands, 1 cent higher to $38.01, Mayberry Investments concluded trading with 939,109 shares changing hands at 4 cents gain to $2.40, National Commercial Bank (NCB) finished with 200,147 shares changing hands and climbed 56 cents to $24.71. NCB traded at the equivalent of $28 in Trinidad on Thursday. Sagicor Group closing with 405,350 shares while gaining 2 cents to $10.52 and Scotia Investments finishing trading with 10,000 units to close with a gain of $1 at $23.
Firm| The stocks in the main market to close without a change in the last traded prices are, Grace Kennedy closing with 11,227 units at $61, Kingston Wharves had dealing in 2,000 shares at $6.40, Proven Investments contributed 3,500 shares at 18 US cents.
JSE sum 19-3-15 Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless finishing with 300,000 units to close lower by 3 cents to 50 cents, Desnoes & Geddes closing with 1,546,034 units, the price slipped 10 cents to $5.30, Jamaica Broilers concluding trading with 30,506 units as the price fell 30 cents to $4.20. Jamaica Money Market Brokers in trading 73,181 ordinary shares, lower by 8 cents to $6.92, Jamaica Producers finishing trading with 7,377 shares closed with a loss of 95 cents to $16 and Scotia Group ending trading with 410,525 shares traded with a loss of 27 cents to $20.83.
Preference| Jamaica Money Market Brokers 7.50% preference share traded 10,814 at $2 and Jamaica Money Market Brokers 8.75% preference share had 573,150 units changing hands at $3.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , ,

Jamaica stock market up again.

March 18, 2015 by

The Jamaican stock market recorded gains for the second consecutive trading day, with another day of triple digit gains, in the main market indices. JSE cl cht 18-3-15
The JSE Market Index gained 377.14 on top of 456.93 points gained on Tuesday to 82,533.16, the JSE All Jamaican Composite index that gained 510.86 points on Tuesday recorded a gain of 421.66 points to close at 90,994.20 and the JSE combined index climbed 397.54 on Wednesday compared to 363.77 points on Tuesday to close at 84,294.53.
The total sum expended on stocks was virtually the same as on Tuesday, with $15,520,825 versus $15,185,420 yesterday. Twenty-one securities traded, 6 less than on Tuesday in all markets. Stocks with major price changes include, Jamaica Broilers that gained 40 cents and Pan Jamaican Investment with an increase of $1.01 while National Commercial Bank share lost 85 cents and Scotia Group 40 cents.

Filed Under: JSE Main Market, Stock Market Tagged With: , ,

Advancing stocks hold upper hand

March 12, 2015 by

NCB stock closed at J$25 on TTSE as demand exceeds supply in that market.

NCB stock closed at J$25 on TTSE as demand exceeds supply in that market.

Thursday’s trading on the Jamaica Stock Exchange, resulted in the prices of 6 stocks rising and 3 declining. Only 15 securities changed hands, ending in 7,421,628 units trading, valued at $51,342,298, in all market segments.
Main Market| The JSE Market Index lost 106.11 points to end at 82,518.51, the JSE All Jamaican Composite index fell 118.63 points to close at 90,977.83 and the JSE combined index declined by 129.33 points to 84,289.76.
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 5 with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless exchanging 10,700 shares to close higher by 3 cents at 53 cents, Caribbean Cement had dealing in 10,000 shares and ended with a gain of 4 cents to $2.30, Grace Kennedy with 75,145 shares changing hands, gained 28 cents to $60.80. Pan Jamaican Investment finished trading in 16,200 shares while gaining 80 cents to $54 and Scotia Investments saw 1,423,517 units changing hands to close 50 cents higher to $24.
Firm| The stocks in the main market to close without a change in the last traded prices are, Jamaica Money Market Brokers trading only 170 ordinary shares at $7.10. Kingston Wharves had dealing in 996 shares to close at $6.40, Sagicor Group contributed 545,371 shares to close at $10.42 and Scotia Group ending trading with 46,432 shares at $20.80.
JSE sum 12-3-15 Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras finishing with 41,634 units, to close lower by 15 cents at $43. Mayberry Investments closing with 1,020 units, the price slipped 14 cents to $2.36 and National Commercial Bank (NCB) finishing with only 3,425 shares trading lower by $1 at $24. NCB traded at the equivalent of J$25 on the Trinidad and Tobago Market with a bid on to buy 95,326 units at the closing price, there were no stocks on offer.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 37,618 units at $3.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , ,

Market falls as PanJam trades 24m shares

March 6, 2015 by

Pan Jam traded 24.4m shares on Friday

Pan Jam traded 24.4m shares on Friday

Pan Jamaican Investment traded 24,401,900 for $1.3 billion but the stock price closed the day lower than the opening. Elsewhere in Friday’s activity on the Jamaica Stock Exchange, resulted in the prices of 4 stocks rising, 11 declining as 20 securities changed hands, ending in 27,214,924 units trading, valued at $1,313,031,854, in all market segments.
Main Market| The JSE Market Index dropped 1,695.24 points to 82,388.05, the JSE All Jamaican composite index dived 1,895.35 points to close at 90,831.96 and the JSE combined index sank by 1,641.84 points to close at 84,076.55.
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.
Mayberry closed at a new 52 weeks' high on Friday

Mayberry closed at a new 52 weeks’ high on Friday

Gains| Stocks gaining with the last traded prices at the end of trading in the main market are, Jamaica Money Market Brokers finishing with 185,369 ordinary shares changing hands to close higher by 10 cents at $7, Mayberry Investments ending with 4,040 shares changing hands for 13 cents higher, to a new 52 weeks high of $2.49 and Sagicor Group closing with 448,460 shares trading 1 cent up to $10.31.
Firm| The stocks in the main market to close without a change in the last traded prices are, Berger Paints while exchanged 7,899 shares close at $1.55, there was dealing in 247,770 Cable & Wireless shares at 55 cents, Grace Kennedy had 3,288 shares changing hands $62 and Jamaica Producers closed with 25,000 shares to close at $17.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Caribbean Cement with 8,436 units to close lower by 1 cent at $2.31, Carreras finishing with 5,487 units as the price slipped 99 cents to $43.51, Desnoes & Geddes closed with 129,689 shares trading lower for 5 cents to $5.15. Jamaica Broilers concluding trading with 122,853 shares traded with a loss of 2 cents to $4.05, National Commercial Bank in trading 31,153 shares closed with a loss of $2 to $23.50, the stock closed on the Trinidad and Tobago Stock Exchange with a bid of $1.35 to buy 171,500 shares with no stock on offer. JSE sum 6-3-15In Jamaica there are only 4 offers totalling 109,000 units between $25.50 and $33 with only one offer of significance at 103,873 at $30. Pan Jamaican Investment finished trading with 24,401,900 units to fall 80 cents to $53.20, there was dealing in 94,545 units in Scotia Group with a decline of $1.39 to end at $21 after the banking group issued first quarter results that were down from the previous year’s results. Seprod contributed 48,719 and lost $1.10 to $11.90 and Supreme Ventures concluded trading with 1,065,614 shares traded with a loss of 4 cents to $2.27.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 260,600 shares to end at $3.04, Jamaica Money Market Brokers 7.50% preference share traded 24,000 units to close at $2.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , ,

JSE make big daily gains again

March 5, 2015 by

NCB MbayNational Commercial Bank gained $2.50 and Scotia Group $2.39 to help the Jamaica stock market to close at a two and a half year high on Thursday, resulting from the prices of 13 stocks rising and only 4 declining as 23 securities changed hands, ending in 6,535,906 units trading, valued at $19,861,234 in all market segments.
Main Market| The JSE Market Index gained 1,092.69 points to 84,083.29, the JSE All Jamaican Composite index rose 1,221.67 points to close at 92,727.31 and the JSE combined index gained 1,146.47 points to close at 85,718.39. IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 5 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.

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

Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Caribbean Cement contributing 1,950 shares in changing hands to close higher by 2 cents to $2.32, Carreras exchanged 8,587 shares at 50 cents more to $44.50, Jamaica Broilers in contributing 53,050 shares put on 1 cent to $4.07. National Commercial Bank closed with 42,774 units changing hands and put on $2.50 to close at a new 52 weeks’ high of $25.50, Pan Jamaican Investment finished trading with 7,445 shares to end with an increase of $1.22 at $54. Sagicor Group had trading in 167,699 units to close 9 cents higher, at $10.30, Scotia Group ended with 22,628 shares to close $1.39 higher to a 52 weeks’ high of $22.39 and Supreme Ventures closed with 5,621,956 shares to end with 11 cents more at $2.31.
JSE sum 5-3-15
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless finishing trading with 102,545 shares at 55 cents, Gleaner concluded trading with 1,500 shares at $1.10, Grace Kennedy in trading 10,510 shares, closed at $62 and Kingston Wharves finishing with 1,000 shares trading at $6.40.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Desnoes & Geddes closing with 270,000 units as the price slipped 15 cents to $5.20 and Sagicor Real Estate Fund with 25,000 shares closed with a loss of 10 cents to $6.70.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , ,