The Junior Market closed trading with only moderate interest and only 153,055 units valued at $196,918 changed hands. The JSE Junior Market Index increased 2.07 points to close at 666.40 as only 4 securities traded with 1 advancing and 1 declining.
At the close of the market there were 3 stocks with bids higher than the last selling price and 5 stocks with offers that were lower. The junior market continues to exhibit weakness with 9 stocks closing with no bids to buy, against 5 that had no stocks being offered for sale.
Lasco Manufacturing with 29,802 units, closed 2 cents higher at $1.04, Paramount Trading had 18,511 units trading, falling 2 cents to $2.50, Lasco Distributors traded 100,000 shares at $1.15 and Lasco Financial traded only 4,742 units at $1.
4 stocks trade on junior market
Advances equal declines on JSE
In Wednesday’s trading on the Jamaica Stock Exchange, the prices of 7 stocks rose and 7 declined, as 26 securities changed hands, resulting in 4,526,977 shares trading, valued at $49,182,081.
Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market, are, Desnoes & Geddes with 1,500,500 shares to close with a gain of 11 cents, at $4.70, Carreras with 17,515 gained 10 cents, to close at $34.60, Scotia Investments with 283 shares gained 10 cents to $21.50, Sagicor Real Estate Fund, 120 units closed with a 9 cents increase at $7, Scotia Group had 101,748 units changing hands at 6 cents higher, to close at $19.06 and Jamaica Producers produced a gain of 2 cents, in closing at $15.60 while trading 2,393 shares.
Firm| The stocks in the main market to close without a price change, with volume and last traded prices are, Barita Investments with only 100 units, closed at $2.20, Caribbean Cement with 1,500 shares, closed at $2.70, Ciboney with 6,000 shares ended at 7 cents, Jamaica Money Market Brokers 136,940 ordinary shares, closed at $6.95, Pan Jamaican Investment 9,250 units end at $49 and Sagicor Group had only 3,400 shares trading to end at $9.30.
Declines| The volume and last traded prices of stocks with losses at the end of trading in the main market are, Grace Kennedy dropping $2.50 in trading 12,400 shares to end at $58, National Commercial Bank had 1,607,153 shares passing through the market, for 20 cents less at $18, Proven Investments ordinary traded 12,780 shares, to lose 0.25 US cents and end at 17 US cents and Seprod lost 48 cents to end at $10.52 while trading 600,000 shares.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 100,000 units at $3.
Junior Market| The JSE Junior Market Index gained 3.64 points to close at 660.51 as 9 stocks traded, with 1 advancing and 3 declining.
Gains| The only stock gaining at the end of trading in the junior market, is General Accident with 224,031 units, with an increase of 4 cents, to close at $1.40.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are, Dolphin Cove having only 760 shares traded at $8.50, Honey Bun 1,200 at $2.34, Jamaican Teas had 2,915 units changing hands at $3.30, in the case of Lasco Manufacturing it was 9,039 shares at $1.04 and Paramount Trading 10,350 shares changing hands at $2.52.
Declines| Stocks declining in the junior market at the end of trading are, Blue Power losing 5 cents to end at $9 with 150,000 shares, Lasco Distributors with 6,000 shares, closed with a loss of a cent, to end at $1.12 and Lasco Financial with 10,600 shares, closing 3 cents lower at 97 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower.
JSE market inching forward
In Monday’s trading on the Jamaica Stock Exchange, the prices of 6 stocks rose and 8 declined as 23 securities changed hands, resulting in 3,225,751 units trading, valued at $9,515,641.
Main Market| The JSE Market Index climbed by 418.38 points to 72,464.07 and the JSE All Jamaican Composite index gained 467.81 points to close at 79,736.18.
Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market are, Caribbean Cement with 253,076 shares, to close with a gain of 25 cents at $2.80, Desnoes & Geddes with 5,000 units changing hands, gained 30 cents to $4.80, Jamaica Broilers with 97,778 units, put on 9 cents and closed at $4.70, Jamaica Producers 100 units benefited from a 1 cents gain to $17, followed by Radio Jamaica with 29,060 units with an increase of 5 cents at $1.15 and Sagicor Group with 98,976 shares, putting on 20 cents to $9.20.
Firm| The stocks in the main market to close without a change in price, with volume and last traded prices, are Carreras with 8,800 shares closing at $34.90, Grace Kennedy with 2,009 shares at $60. National Commercial Bank 124,935 units resulted in a close of $18 and Sagicor Real Estate Fund with 13,387 units at $6.85.
Declines| The volume and last traded prices of stocks with losses at the at the end of trading in the main market are, Cable & Wireless with 1,328,663 shares with the price dipping 2 cents to 34 cents, Jamaica Money Market Brokers with 32,947 ordinary shares, lost a cent at $6.95, Mayberry Investments 20,769 shares traded with a loss of 8 cents to $1.60, Palace Amusement traded for the first time since early January this year, with 1,000 shares changing hands at $90, after losing $5, Scotia Group exchanged 25,210 shares with a loss of 50 cents to end at $19.50 and Scotia Investments traded 20,000 shares and shed 28 cents at $21.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 858,992 units at $3.
Junior Market| The JSE Junior Market Index declined by 2.01 points to close at 643.85 as 6 stocks traded with none advancing and 2 declining.
Gains| No stock gained at the end of trading in the junior market.
Firm Trades| Active stocks in the junior market to close at the same price as the day before are, Blue Power with 700 units at $9.06, Lasco Financial 7,600 shares trading at $1, Lasco Manufacturing had 70,858 units trading at 95 cents and Paramount Trading 5,000 shares at $2.52.
Declines| Stocks declining in the junior market at the end of trading are, General Accident with 40,000 shares, lost 10 cents to end at $1.35 and Lasco Distributors traded 180,891 units, 1 cents lower at $1.11.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
JSE trading extends to 33 securities on low volume
In Tuesday’s trading on the Jamaica Stock Exchange, the prices of 9 stocks rose and 9 declined as 33 securities changed hands, resulting in 2,457,366 stock units trading, valued at $5,927,351.
Main Market| The JSE Market Index dropped 323.78 points to 71,151.07 and the JSE All Jamaican Composite index moved lower by 362.04 points, to close at 78,268.02.
Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market, are Jamaica Broilers with 6,000 shares gaining 15 cents to close at $4.80, Mayberry Investments put through 102,760 shares at 2 cents higher to end at $1.57 and Pan Jamaican Investment with 4,035 shares closed a cent up at $48.51.
Firm| Stocks with volume and last traded prices in the main market to close without a price change, are, Berger Paints with 2,400 shares closing at $1.65, Cable & Wireless 952,637 units at 37 cents, Gleaner had 34,853 shares changing hands at $1.05, Grace Kennedy 4,000 units at $59.50, Jamaica Money Market Brokers exchanged 53,005 at $6.95, National Commercial Bank 30,044 shares changed hands at $18.15 each, Proven Investments US$ ordinary stock, put through 24,750 units at 17US cents, Sagicor Group with 7,553 units at $9 and the Sagicor Real Estate Fund with a mere 300 units, closed at $6.85.
Declines| The volume and last traded prices of stocks with losses at the at the end of trading in the main market, are Carreras with 5,124 shares as the price slipped by 95 cents to end at$34.05, Ciboney 33,000 stocks units was at a cent lower to end at 7 cents, Jamaica Producers with 12,467 shares saw $3.40 lashed off the price to end at $15.60, Radio Jamaica had 3,150 shares changing hands to close 2 cents lower at $1.20, Scotia Group with 33,203 stocks units, lost a cent to end at $18.71, Scotia Investments with only 2,414 shares, lost 62 cents to end at $21.38 and Seprod had 70,427 shares going through the market, 50 cents lower to end at $10.50.
Preference| Eppley 9.5% preference share traded 58,000 units at $6.10, Jamaica Money Market Brokers 8.75% preference share traded 24,428 units with 2 cents off, to end at $2.98, Proven Investments 8% preference share, saw only 957 units trading at $5.
Junior Market| The JSE Junior Market Index gained 10.43 points to close at 643.38 as 12 securities traded with 7 advancing and only 1 declining.
Gains| Stocks recording gains at the end of trading in the junior market, are Caribbean Producers with 17,000 shares while gaining a cent to $2.31, Derrimon Trading with 7,900 units to close 10 cents higher at $2.15, Dolphin Cove gained 15 cents with 1,028 shares to end at $7.75, General Accident 200,000 shares traded resulted in a 5 cents rise to $1.40, followed by Lasco Financial with 116,015 units at a gain of 10 cents to $1, Lasco Manufacturing with 300,500 units gained 8 cents to $1 and Paramount Trading put on 2 cents, while trading 18,000 units to land at $2.52.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are, Consolidated Bakeries with only 500 shares at 80 cents, Honey Bun with 28,216 shares at $2.34 and Lasco Distributors with 300,000 units, ended at $1.11.
Declines| Only one stock declined in the junior market at the end of trading, with AMG Packaging exchanging 2,700 shares while losing 10 cents to end at $2.40.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
Seprod added, others now BUY RATED
Seprod is added to the BUY RATED list for the first time, as profit seems to be settling down with reduced losses in the sugar production operations. The PE for the stock is currently at 4.4, with an eye on 2015 when results should get even better.
Radio Jamaica is now elevated to BUY RATED list, from market watch, based on a big improvement in the first quarter results, to June and IC Insider’s forecast for earnings of 35 cents per share for the fiscal year. The stock is trading at $1.22, giving it a very attractive PE of 3.
Cargo Handlers third quarter results is up on 2013, putting earnings in 2015 in the $3.40 per share level and close to $3 per share for 2014 fiscal year, to September, putting the PE at 5. Berger Paints Jamaica is moved to the BUY RTAED list, with gains in its first quarter results, to June and IC Insider forecasting of 43 cents per share earnings, for the year to March 2015. The prices of Consolidated Bakery, Caribbean Flavours and Paramount Trading, have all pulled back sharply from earlier levels making them more attractive buys.
Supreme Ventures and Jamaica Stock Exchange are added to the Market Watch list. The latter is based on a virtual wipe out of losses in the June quarter and an eye on the stock market activity that should be picking up going forward and thus enhancing the earnings and the value of heightened trades.
Cable & Wireless is still on the list with good top line growth, coming mainly from strong mobile growth. The company is heading for a break even position or small profit for the current fiscal year. Supply of the stock is low and a big payoff should take place in 2015, if the present trend in revenue continues.
Moderate & slow trading greets week on JSE
Trading on the Jamaica Stock Exchange was slow and moderate on Monday, the prices of 7 stocks rose and 5 declined as 22 securities changed hands, resulting in 2,489,639 stock units trading, valued at $5,644,710.
Main Market| The JSE Market Index fell moderately by 88.81 points to 71,919.12 and the JSE All Jamaican Composite index lost 99.30 points to close at 79,126.841.
Gains| Stocks with gains, volume and last traded prices at the end of trading in the main market are, Carreras with a 10 cents gain to $34.60 as it traded 78,100 shares, Jamaica Producers with 7,288 shares to close with a gain of $1.50 at $19, Mayberry gained 10 cents to close at 1.65, with 77,450 units changing hands, National Commercial Bank had only 235 units changing hands, at 15 cents higher to $18.15 and Scotia Investments saw only 4,000 shares changing hands, as the price inched up 3 cents to $21.18.
Firm| The stocks with volume and last traded prices in the main market to close without a change in price are, Caribbean Cement with 150 units at $3, Gleaner with 1,251,430 shares at $1.10, Grace with only 350 units and closed at $59, Jamaica Money Market Brokers 1,000 ordinary shares traded at $7 and Seprod 1,500 units closed at $10.50.
Declines| The stocks with losses, volume and last traded prices at the end of trading in the main market, are Cable & Wireless with 765,000 shares closing at 39 cents as the price lost a cent, Jamaica Broilers lost a cent to end at $4.58 with 3,000 shares, Sagicor Group traded 18,500 shares as the price was lower by 14 cents to close at $9.35 and Sagicor Real Estate Fund lost $50 cents to end at $6.40 while trading 13,000 units.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 16,815 units at $3 and Jamaica Money Market Brokers 7.50% preference share 60,000 units at $2.
Junior Market| The JSE Junior Market Index rose by 1.25 points to close at 630.64 as only 4 stocks traded with 2 advancing and 1 declining.
Gains| Stocks recording gains at the end of trading in the junior market, are, Lasco Distributors that traded 40,000 units to close at $1.07, up a cent and Paramount Trading closing up a cent at $2.69 while trading 105,000 shares.
Firm Trades| General Accident with 33,000 units at $1.35 is the only junior market stock that traded to close at the same price as the trading day before.
Declines| Only one stocks declined in the junior market at the end of trading as Caribbean Producers traded 12,523 units at $2.30, down by 8 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
NCB & Paramount plan dividend payments
Times may be tough for many Jamaicans but the majority of listed companies continue to distribute dividends to their shareholders.
The latest announcement of plans for dividends are from National Commercial Bank (NCB) and Paramount Trading.
NCB advises that the Board of Directors will consider the payment of an interim dividend to stockholders at a meeting to be held on Thursday, July 24, 2014. National Commercial Bank approved an increase dividend payment of 35 cents per share paid on May 22 and a dividend of 32 cents per ordinary stock was paid on February 20 this year.
Paramount advised that Board Meeting to be held at 8 Bell Road East on Thursday, July 24, 2014 receive the audited financials and consider a dividend. Paramount paid an interim dividend of 13.5 cents per share payable on December 10, 2013.
Portfolio adjustment pressure prices
A realignment of pension portfolio following the merger of Sagicor Investments with Sagicor Group In placed pressure on the prices of some stocks as the pension fund disposed of shares to bring the portfolio in line with the pension requirement. The realignment was not completed at the end of trading IC Insider sources advised.
In trading on the Jamaica Stock Exchange the prices of a mere 3 stocks rose and 10 declined as 23 securities traded resulting in 8,747,969 shares trading valued at $91,511,864.
Main Market| Only 2 companies in the main market rose and 8 declined as the indices lost altitude for yet another day with the JSE Market Index inching fell by 925.16 points to 71,355.85 and the JSE All Jamaican Composite index erased 1,034.48 points to close at 78,497, this is the lower the index has reached since December 20 last year went it closed at 78,575.66.
Gains| Stocks recording gains at the end of trading in the main market are Barita Investments with 3,780 shares to close with a gain of a cent to end at $2.30 followed by Seprod with 98,565 units changing hands as the price closed with a 20 cents gain at $11.
Firm| There were only 5 stocks in the main market to close without a change in price with Berger Paints trading 65,394 shares as the price closed at $1.67, Grace Kennedy with 56,859 units and closed at $55, Jamaica Money Market Brokers 8.75% preference share 128,400 units to close at $3.03, Kingston Wharves 5,000 shares to close at $5 and Mayberry Investments with 66,992 units in closing at $1.71.
Declines| The number of stocks that declined in the main market are Cable & Wireless 62,277 shares while losing 4 cents to close at 35 cents, Carreras traded 1,329 units at $35.26 while losing 54 cents, Hardware & Lumber 20,000 shares to close down 20 cents at $10, Jamaica Broilers 1,486,786 units in closing at $4.70 for a 5 cents fall, National Commercial Bank 2,614,665 units to close down 56 cents at $17, Sagicor Group 3,508,391 as the price lost 30 cents to end at $9, Scotia Group with 95,460 shares with the price closing down by 30 cents at $19.30 and Scotia Investments 28,235 units to close at $23.10 with a 40 cents fall.
Junior Market| The JSE Junior Market Index declined by 0.74 points to close at 730.97 as 8 stocks traded with 1 advancing and 2 declining.
Gains| The only stock recording gain at the end of trading in the junior market is General Accident with 10,000 units to close at $1.50 with a 2 cents rise.
Firm Trades| 5 stocks in the junior market stocks that traded to close at the same price as the day before with Caribbean Producers exchanging 540 shares to close at $2.75, Consolidated Bakeries 301,953 shares to end at 80 cents, Knutsford Express Services 37,868 shares at $5.16, Lasco Financial Services 2,500 units to close at $1.15 and Paramount Trading 2,575 units to close at $2.68.
Declines| Stocks declining in the junior market at the end of trading are Caribbean Cream traded 100,000 units to close at 70 cents with a 3 cents fall and Lasco Manufacturing with 50,400 units lost 2 cents to close at $1.12.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than the last selling price and 6 stocks with offers that were lower.
Main market closes week up slightly
In Friday’s trading on the Stock Exchange, the prices of 4 stocks rose and 8 declined as 24 securities traded resulting in 6,969,870 shares changing hands, valued at $58,489,956. Main Market| Only 4 companies in the main market advanced in price and 3 declined as the indices closed up with the JSE Market Index rising by 319 points to 73,381.97 and the JSE All Jamaican Composite index gaining 356.70 points to close at 80,762.55.
Gains| Stocks recording gains at the end of trading in the main market are Cable & Wireless with 17,115 units changing hands to close at 31 cents with a one cent gain, Caribbean Cement with 16,500 stock units to close at $3.55, up by 4 cents, Kingston Wharves 8,396 shares to close at$5.50 for a 50 cents gain and Scotia Investments with 2,200 shares to close up by $1 at $25.50.
Firm| The stocks in the main market to close without a change in price are Berger Paints with 50,444 shares to close at $1.67, Carreras with 3,650 stock units to close at $34.75, Grace Kennedy 2,000 stock units to close at $55, Hardware & Lumber 4,000 shares to close at $10.20, Jamaica Money Market Brokers 8.75% preference share, 145,400 units to end at $3.03, Mayberry Investments 2,761 units to close at $1.80, Pan Jamaican Investment 1,000 shares to close at $48.60, Proven Investments 900 ordinary shares to close at 18 US cents and Proven Investments 8% preference share with 5,000 units to end at $5.09.
Declines| The number of stocks that declined in the main market are Barita Investments with 52,500 shares while closing at $2 with a 30 cents fall, Jamaica Broilers 3,000,000 units and closed at $4.70 with a one cent loss and Jamaica Money Market Brokers with 231,503 ordinary shares to close at $7.30 down by 11 cents.
Junior Market| The JSE Junior Market Index declined by 5.06 points to close at 728.25 with only 6 stocks traded, none advanced and 3 declined.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are Access Financial with 4,900 shares to end at $11.50, Dolphin Cove with 5,529 units and closed at $8.10, Paramount Trading 32,722 units to close at $2.68.
Declines| Stocks declining in the junior market at the end of trading are Caribbean Producers that traded 220,900 units to close at $2.73 down 2 cents, General Accident with 19,798 shares to close at $1.49 with a loss of a cent and Lasco Manufacturing with 16,800 stock units to close at $1.15 with a 1 cent fall.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than the last selling price and 5 stocks with offers that were lower.
More losses for the market
In today’s trading on the Jamaica Stock Exchange the prices of 8 stocks rose and 9 declined as 28 securities traded resulting in 8,384,697 shares trading valued at $39,568,098 but the two main market indices fell a bit to add to the losses on Wednesday. The advance decline ratio at the close was an improvement on Wednesday’s 5 to 9.
Main Market| 6 companies in the main market advanced and 7 declined as the indices moved down with the JSE Market Index shedding 555.97 points to 73,058.32 and the JSE All Jamaican Composite index fell by 621.68 points to close at 80,400.65 just a shade from the low for 2014 of 80,359.75 reached on January 7th.
Gains| Stocks recording gains at the end of trading in the main market are Carreras that gained 8 cents to close at $33.65 with only 1,000 units changing hands, Desnoes & Geddes trading 72,966 shares to close with a gain of 20 cents at $4.30, Jamaica Money Market Brokers 73,808 ordinary shares to close at $7.30 with 3 cents gain, Jamaica Money Market Brokers 8.50% preference share 72,000 units to close up a cent at $3.51, Sagicor Group with 415,594 shares to close at $9.10 up by 20 cents and Seprod with 968 units to close at $11 with a 20 cents gain.
Firm| There were 7 stocks in the main market to close without a change in price, with Gleaner trading 548,887 shares in closing at $1.10, Jamaica Broilers with 1,030,997 shares and closed at $4.85, Jamaica Money Market Brokers 8.75% preference share with 1,104,250 units and closed at $3.03, Mayberry Investments 20,560 shares as the price closed at $1.71, Proven Investments 8% preference share, 13,100 units to end at $5.09, Radio Jamaica 10,000 shares and closed at $1.28 and Scotia Investments with 18,790 units and closed at $23.10.
Declines| The number of stocks that declined in the main market are Cable & Wireless with 2,869,910 shares in losing 5 cents to end at 35 cents, Caribbean Cement with 71,784 shares to end at $3.50 with a 50 cents fall, Grace Kennedy 51,906 shares while closing at $56, down by 50 cents, National Commercial Bank 33,961 units as the price ended at $18 with a loss of 50 cents, Pan Jamaican Investment 4,000 units, closing at $48.50 for a fall of a cent, Sagicor Real Estate Fund traded 3,464 units at $6 as it shed 50 cents and Scotia Group with 885,471 shares in closing at $20.06 for a 49 cents drop.
Junior Market| The JSE Junior Market Index declined by only 4.74 points to close at 745.65 as 8 stocks traded with 2 advancing and 2 declining.
Gains| Stocks recording gains at the end of trading in the junior market are Caribbean Producers trading 456,206 units to close at $3.10, up 10 cents and Lasco Distributors with 424,000 shares to close at $1.35 with a gain of 5 cents.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are Access Financial with 6,000 units and closed at $11.50, Blue Power 4,000 units and closed at $9.01, General Accident Insurance 53,068 units, closing at $1.50 and Lasco Manufacturing with 77,934 shares as the price closed at $1.20.
Declines| Stocks declining in the junior market at the end of trading are Lasco Financial with 21,800 units at $1.25, down by 5 cents and Paramount Trading in trading 38,273 shares, landed at a 52 weeks low of $2.68 with a decline of 23 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had only 3 stocks with the bid higher than the last selling price and 9 stocks with offers that were lower, continuing to indicate a negative market sentiment.
