Proven Investments

Profit results help in Jamaican stock rally

November 11, 2015 by IC Insider.com

Jamaica Producers stock price pushed by strong profits on Wednesday

The bulls continue to roam on the Jamaica Stock Exchange on Wednesday as more stocks continue to gain than those declining. Helping the move on Wednesday was the impact that results had on some companies’ stock price. Sagicor Group and Jamaica Producers Group were two of the stocks that jumped sharply, helping the market to move up.
The market closed with activity in 42 securities, leading to 200,339,489 units valued at $645,488,389 changing hands, in all market segments. A total of 17 securities rose and 11 declined with 11 stocks ending at 52 weeks’ closing high and 1 at intraday high.
The JSE Market Index rose 783.34 points to 137,896.84, the all Jamaica Composite Index gained 875.44 points to end at 153,063.79 and the JSE combined index increased by 639.61 points to end at 144,357.30.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 13 stocks with bids higher than their last selling prices and 3 with lower offers.

In trading, Barita Investments lost 15 cents to close at $3.65 with 240,000 shares trading, Cable and Wireless enjoyed good volume as investors’ interest in the stock continues to build, at the close the stock gained 14 cents, with 3,363,916 shares changing hands to close at $1.50. On offer were 2,500,728 shares at $1.50 with bid in at $1.45 to buy 424,481 units. Caribbean Cement rose 22 cents to end at $18, with 112,310 shares changing hands. Carreras dropped $4.49 to end at $55.51 with 11,456 units trading, Desnoes & Geddes traded 63,136 units at $30, Gleaner traded 13,000 units at $1.90, Grace Kennedy closed at a new 52 weeks’ high of $75 after rising $2 with only 1,776 shares changing hands, Jamaica Broilers traded 3,021,919 shares to close at $9.25, for a 52 weeks’ closing high. Jamaica Producers traded 102,646 shares and jumped $5.20 to end at $29, for a 52 weeks’ high. Jamaica Stock Exchange traded 200,527 shares at $14, JMMB Group traded 14,219 shares to close at $11, Kingston Properties traded 46,695 units to close at $7. Mayberry Investments closed with 67,016 units trading at $4.40 with a loss of 5 cents, National Commercial Bank close with 38,473 shares changing hands to end with a rise of 50 cents at $34, Pan Jamaican fell $3.95 in trading 14,366 shares to end at $88.05, JSE Fn Qts 11-11-15

Pulse Investments traded 225,000 shares with a rise of 33 cents for new 52 weeks’ closing high of $1.50. Sagicor Group traded at a new high of $18 with 409,705 shares changing hands but closed at a 52 weeks’ closing high of $16.51 to gain$1.16 for the day. Scotia Group ended with 38,793 shares changing hands and closed with a loss of 10 cents at $26.90, Supreme Ventures ended with 244,452 shares changing hands at $4.70 after rising 10 cents and Proven Investments ordinary share dropped 1.17 US cents and ended at 21.80 US cents with 14,700 units changing hands and Jamaica Money Market Brokers 7.50% preference share ended with 51,000 units trading at $2.

Filed Under: JSE Main Market, Stock Market Tagged With: Barita Investments, Cable & Wireless, Caribbean Cement, Ciboney, Desnoes and Geddes’, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Stock Exchange, Kingston Properties, Kingston Wharves, Mayberry Investments, National Commercial Bank, Pan Jamaican, Proven Investments, Pulse Investments, Sagicor Group, Scotia Group, Supreme Ventures

Supply shortage feeding JSE rally

November 10, 2015 by IC Insider.com

Bulls continue their relentless run on Jamaican stocks

The bullishness of Jamaica Stock Exchange pushed the All Jamaican Composite Index beyond the 150,000 mark for the first time to close at more than 152,000 points as more 2,200 points were added on Tuesday as shortage of supply of stocks being sold and increased demand push prices.
The market closed with activity in 42 securities, leading to 13,242,518 units valued at $152,588,837 changing hands, in all market segments. A total of 25 securities rose and 6 declined with 12 stocks ending at 52 weeks’ closing high. The JSE Market Index rose 2,019.69 points to 137,113.50, the all Jamaica Composite Index gained 2,257.11 points to end at 152,188.35 and the JSE combined index surged 2,200.34 points to end at 143,717.69.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 8 stocks with bids higher than their last selling prices and 3 with lower offers.
In trading, Cable and Wireless enjoyed heavy trading and gained 11 cents, with 7,617,380 shares changing hands to close at $1.36 after trading in the early morning session at a high of $1.40.

On offer were 972,640 shares at $1.44 with bid in at $1.36 to buy 151,270 units. Caribbean Cement fell 10 cents to end at $17.78, with 101,120 shares changing hands. Carreras jumped $5 to end at a 52 weeks’ high of $60 with 773,164 units trading, Gleaner traded 215,100 units at $1.90 after shedding 12 cents. Grace Kennedy closed at a new 52 weeks’ high of $73 after rising $2.99 with only 1,084 shares changing hands, Jamaica Broilers traded 20,524 shares to close at $9.20. Jamaica Producers traded 4,075 shares and gained 20 cents to end at $23.80, Jamaica Stock Exchange rose $1.99 in trading 1,000 shares for new 52 weeks’ closing high of $14, JMMB Group traded 32,291 shares to close 20 cents higher at $11, Kingston Wharves traded 21,371 units to close with a gain of 40 cents at $11.50. National Commercial Bank close with 1,545,881 shares changing hands to end with a rise of 50 cents at $33.50, Pan Jamaican climbed $5.99 in trading 206,104 shares to end at a 52 weeks’ closing high $92, Pulse Investments traded 150,000 shares but recovered 20 cents and ended at $1.17. The company released the first quarter results after trading closed, showing earnings of 29 cents versus 20 cents in 2014.

Sagicor Group traded at a new closing high of $15.35 with 28,078 shares changing hands at 34 cents higher. Sagicor Real Estate Fund traded 14,500units, the price closed at $10.02 after falling 3 cents, Scotia Group ended with 6,184 shares changing hands and closed with a gain of 20 cents at $27. Scotia Investments leapt $2.50 to close at $30 as 226,416 units traded, Supreme Ventures ended with 10,216 shares changing hands at $4.60 and Proven Investments ordinary share rose by 1.97 US cents and ended at 22.97 US cents with 436,000 units changing hands and Jamaica Money Market Brokers 7.50% preference share ended with 728,500 units trading at $2.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Desnoes and Geddes’, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Stock Exchange, Kingston Wharves, Mayberry Investments, National Commercial Bank, Pan Jamaican, Proven Investments, Pulse Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Supreme Ventures

Jamaican stocks push higher on Monday

November 9, 2015 by IC Insider.com

Jamaica Broilers closed at a new 52 weeks’ high of $9.20 on Monday.

The bullishness of Jamaica Stock Exchange continued Monday with all three main indices representing the main market rising strongly at the end of trading. A total of 37 securities were active, leading to 6,511,059 units valued at $50,960,636 changing hands, in all market segments. A total of 22 securities rose and 9 declined with 8 stocks ending at 52 weeks’ closing high and 1 at an intraday 52 weeks’ high.
The JSE Market Index rose 905.02 points to 135,093.81, the all Jamaica Composite Index gained 1,011.41 points to end at 149,931.24 and the JSE combined index surged 1,316.29 points to end at 141,517.35.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 12 stocks with bids higher than their last selling prices and 1 with the offer that is lower.

In trading, Barita Investments traded 20,000 units at $3.80 after gaining 14 cents, Cable and Wireless gained 20 cents, with 1,784,165 shares changing hands to close at $1.25. On offer were 779,720 shares at $1.30 with bid in at $1.27 to buy 139,365 units. Caribbean Cement lost 2 cents to end at $17.88, with 323,492 shares changing hands. Carreras had 32,125 units trading, to close with a loss of 50 cents at $55, Desnoes & Geddes traded 3,245 units at $30, Grace Kennedy closed at a new 52 weeks’ high of $70.01 after rising $1.89 with 101,720 shares changing hands. Jamaica Broilers traded 518,719 shares to close 20 cents higher at $9.20 at a 52 weeks’ high. Jamaica Producers traded 6,205 shares, gained 10 cents to end at $23.60, Jamaica Stock Exchange rose $1.15 in trading 1,000 shares for a new 52 weeks’ closing high of $12.01, JMMB Group traded 3,962 shares to close at $10.80, Kingston Wharves traded 3,300 units to close with a loss of 40 cents at $11.10. Mayberry Investments rose 28 cents to end at $4.49 while trading 84,832 share, National Commercial Bank with 73,350 shares changing hands to end at $33. Pan Jamaican climbed 85 cents in trading 28,280 shares to end at $86.01, Pulse Investments traded 44,000 shares but lost 33 cents and ended at 97 cents.

Sagicor Group traded at a new 52 weeks’ high of $16 but close lower, at a new closing high of $15.01, only 3,238 shares were traded, Sagicor Real Estate Fund traded 1,208,533 units, the price closed at $10.05 after rising 10 cents, Scotia Group ended with 4,426 shares changing hands with a loss of $2.70, to close at $26.80. Sterling Investments fell 10 cents to close at $12.90 as 200,000 units traded, Supreme Ventures ended with 57,300 shares changing hands at 5 cents less than on Friday to close at $4.60 and Proven Investments ordinary share lost 1.98 US cents and ended at 21 US cents with 15,570 units changing hands.

Filed Under: Company News Tagged With: Barita Investments, Cable & Wireless, Caribbean Cement, Desnoes and Geddes’, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Kingston Wharves, Mayberry Investments, National Commercial Bank, Pan Jamaican, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Sterling Investments, Supreme Ventures

Bulls continue to push higher on Friday

November 6, 2015 by IC Insider.com

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Scotia Group traded at a 52 weeks’ high on Friday.

The JSE Market Index bounced 1,756.11 points to 134,188.79 the all Jamaica Composite Index jumped 1,962.55 points to end at 148,919.83 and JSE combined index surged 1,839.73 points to end at 140,201.06.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 12 stocks with bids higher than their last selling prices and 4 with offers that are lower.
In trading, Berger Paints dropped 30 cents to end at $3.50 after 40,000 shares were traded, Cable and Wireless recovered some more lost grounds to gain 15 cents, with 601,894 shares changing hands. On the offer were 174,235 shares at $1.05 with bid in at $1.02 to buy 50,000 units.

Caribbean Cement lost 20 cents to end at $17.90, with 10,979 shares changing hands. Carreras had 45,200 units trading, to close at $55.50, the stock gained $1.50 to end at a 52 weeks’ high, Desnoes & Geddes traded 35,403 units at $30, Gleaner Company traded 20,000 shares to end at $1.90, with a loss of 2 cents, Grace Kennedy closed at $68.11 with a fall of 39 cents with 193,092 shares changing hands. Jamaica Broilers traded 209,180 shares to close at $9. Jamaica Producers traded 1,205,762 shares and lost 20 cents to end at $23.50, JMMB Group traded 303,428 shares to close at $10.80 with the price falling 20 cents, Kingston Wharves gained 40 cents and traded 31,327 units to close at $11.50 for a 52 weeks’ closing high, Mayberry Investments rose 3 cents to end at $4.21 by trading 502,040 shares. National Commercial Bank with 79,023 shares changing hands to end at $33.

Pulse Investments traded 112,631 shares but lost 5 cents and ended at $1.30. Sagicor Group dropped 5 cents with 137,091 shares trading, to close at $14.45, Sagicor Real Estate Fund traded 1,289 units, the price closed at $9.95 after rising 45 cents, Scotia Group ended with 2,574,294 shares changing hands and closed at a 52 weeks’ high after rising $2.50 at $29.50, Seprod fell 1 cent to close at $15.84 as 20,000 units traded and Proven Investments ordinary share ended at 22.98 US cents with 27,891 units changing hands.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Cable & Wireless, Caribbean Cement, Desnoes and Geddes’, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, JMMB Group, Kingston Wharves, Mayberry Investments, National Commercial Bank, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod

Bulls push 26 stocks up as 9 fell

November 5, 2015 by IC Insider.com

The bullishness of Jamaica Stock Exchange continued on Thursday with all three main indices representing the main market being up, at the end of trading. A total of 44 securities were active, leading to 9,435,523 units valued at $123,466,769 changing hands, in all market segments. at the close 26 securities rose and 9 declined with 9 stocks ending at 52 weeks’ closing high and 1 at an intraday 52 weeks’ high.
The JSE Market Index shed 301.69 points to 132,432.68 the all Jamaica Composite Index gained 337.15 points to end at 146,957.28 and JSE combined index dipped 859.23 points to end at 138,361.33.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 8 stocks with bids higher than their last selling prices and 2 with offers that are lower.
In trading, Barita Investments closed at a new 52 weeks’ high of $3.66 while trading 61,000 shares to end at with a gain of 16 cents, after trading at $4, Berger Paints dropped jumped 80 cents to end at a 52 weeks’ high of $3.80 after 207,422 shares were traded. Cable and Wireless recover some lost grounds and gained 15 cents, with 2,120,843 shares changing hands. On the offer were 39,129 shares at 95 cents with bid in at 86 cents to buy 79,702 units. Caribbean Cement rose 10 cents to end at $18.10, with 183,769 shares changing hands. Carreras had a big trade with 1,006,300 units to close at $54 but with 1 million units being a cross, the stock gained 99 cents to end at a 52 weeks’ high, Gleaner Company traded 37,300 shares to end at $1.92, Grace Kennedy closed at $68.50 while gaining 30 cents with 16,379 shares changing hands. Jamaica Broilers traded 207,000 shares to close at $9 for a gain of 50 cents, Jamaica Producers traded 1,237 shares and gained 20 cents to end at a 52 weeks’ high of $23.70, Jamaica Stock Exchange closed with 46,000 shares trading with a gain of 21 cents at $10.86. JMMB Group traded 164,806 shares to close at $11 with the price gaining $1 for new 52 weeks’ closing high, Kingston Wharves traded 44,395 units to close at $11.10 for a 52 weeks’ closing high, after rising by 10 cents,Mayberry Investment rose 10 cents to end at $4.20 by trading 54,500 shares. National Commercial Bank with 47,367 shares changing hands declined 50 cents to end at $32.50. Pan Jamaican jumped $3.49 in trading 19,650 shares to end at $85, Pulse Investments traded 60,000 shares to gain 15 cents and ended at $1.35 for a 52 weeks’ high. Sagicor Group dropped 20 cents with 1,225,725 shares trading, to close at $14.50, Sagicor Real Estate Fund traded 11,929 units, the price closed at $9.50 after falling $1, Scotia Group ended with 110,716 shares changing hands and closed at $26.17 after declining $1.03. Scotia Investments fell 70 cents to close at $26.80 as 811,400 units traded, Supreme Ventures ended at a 52 weeks’ closing high of $4.65, after rising 15 cents with 222,596 shares changing hands and Proven Investments ordinary share ended at 22.98 US cents with 73,500 units changing hands.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Cable & Wireless, Caribbean Cement, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Kingston Wharves, Mayberry Investments, National Commercial Bank, Pan Jamaican, Proven Investments, Pulse Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Scotia Investments, Supreme Ventures

JSE falls as 15 stocks rise 12 down

November 4, 2015 by IC Insider.com

Barita Investments closed at a new 52 weeks’ high on Wednesday

The Jamaica Stock Exchange closed down in trading on Wednesday, with all three main indices falling. Trading ended with 41 securities being active, leading to 6,392,200 units valued at $35,577,578 changing hands, in all market segments. A total of 15 securities rose, 12 declined, including 4 stocks that ended at 52 weeks’ closing high and 2 at intraday 52 weeks’ high.
The JSE Market Index shed 559.17 points to 132,130.99 the all Jamaica Composite Index dropped 624.90 points to end at 146,620.13 and JSE combined index dipped 246.22 points to end at 137,502.10.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 13 stocks with bids higher than their last selling prices and 2 with offers that are lower. In trading, Barita Investments closed at a new 52 weeks’ high of $3.50 while trading 24,500 shares to end at with a gain of 60 cents, Berger Paints dropped 45 cents to end at $3 after 13,162 shares were traded. Cable and Wireless continued under selling pressure and closed with a loss of 3 cents, but the volume increased over the 771,778 shares changing hands on Tuesday with 3,545,542 units changing hands to end at 80 centsJSE-sum-4-11-15.png”>

On the offer were 200,000 shares at 86 cents with bid in at 75 cents to buy 325,000 units. Caribbean Cement rose 12 cents to end at $18, with 50,537 shares changing hands. Desnoes & Geddes had 2,860 units changing hands, to close with a gain of 15 cents at $30.15, Gleaner Company traded 14,400 shares to end at $1.92, Grace Kennedy closed at $68.20 while gaining 20 cents with 12,493 shares changing hands. Jamaica Broilers traded 272,250 shares to close at $8.50, after trading at an intraday 52 weeks’ high of $9.20, Jamaica Producers traded 15,000 and gained 50 cents to end at a 52 weeks’ high of $23.50, Jamaica Stock Exchange closed with 26,000 shares trading with a loss of 35 cents at $10.65. JMMB Group traded 10,900 shares to close at $10 with the price gaining 14 cents, Kingston Wharves traded 31,347 units to close at $11, Mayberry Investments rose 10 cents to end at $4.20 by trading 2,049,700 shares. National Commercial Bank with 17,450 shares changing hands declined 50 cents to end at $32.50. Pan Jamaican jumped $3.49 in trading 19,650 shares to end at $85, Radio Jamaica closed at $4.82 for a fall of 18 cents in trading 12,330 shares.

Sagicor Group dropped 20 cents with 94,908 shares trading, to close at $14.50, Sagicor Real Estate Fund traded 3,000 units, the price closed at $10.50 after falling 50 cents, Scotia Group ended with 14,324 shares changing hands and closed at $26.17 after declining $1.03. Scotia Investments rose $1 to close at $27.50 as 6,000 units traded, Supreme Ventures traded at an intra-day high of $4.75, and closed at $4.50 with 10,100 shares changing hands and Proven Investments ordinary share ended at 22.98 US cents with 30,116 units changing hands.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Cable & Wireless, Caribbean Cement, Desnoes and Geddes’, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, JMMB Group, Kingston Wharves, Mayberry Investments, National Commercial Bank, Pan Jamaican, Proven Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Supreme Ventures

JSE gains over 35% for October

October 30, 2015 by IC Insider.com

Sagicor Group HQ – its stock was market leader on Friday on the JSE

Cable and Wireless lost its star attraction on Friday, closing down at $1.20 and traded just 1.8 million units as some amount of selling hit the stock, but Sagicor Group with 3.1 million units was the largest trade, with 3 million units being a cross, executed by Barita Investments. The market ended with strong gains at the end of October ranging from 35 to 37 percent for the 4 main indices for the month.
A total of 39 securities traded, leading to 13,797,226 units valued at $170,547,669 changing hands, in all market segments. A total of 10 securities 15 rose and 17 declined with 7 ended at 52 weeks’ closing highs and one at an intraday 52 weeks’ high.
The JSE Market Index shot up 621.25 points to 131,284.04, the all Jamaica Composite Index gained 694.29 points to end at 145,673.61. JSE combined index climbed 706.30, points to end at 135,783.04. All Three indices are at new closing highs.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 12 stocks with bids higher than their last selling prices and one with an offer that was lower.

In trading, Barita Investments ended at a 52 weeks’ closing high, of $2.75 as the price gained 19 cents while 3,000 shares were traded. Selling came in for Cable and Wireless on Friday. The stock closed with a loss of 20 cents, with 1,813,418 shares changing hands to end at $1.20. Trading in the stock was between $1.10 and $1.40 and it closed with a bid at $1.11, to buy 146,000 shares. On the offer were 830,752 shares at $1.20. By the close the number of offers increased dramatically and now total 32, ranging up to $3.10, for a total of 10,689,005 units with 10.68 million having a top offer of $1.80, the majority are at $1.50, or below. On the bid, between 80 cents and $1.11, are 4 million units. Caribbean Cement lost 27 cents to end at $17.73, with 67,416 shares changing hands. Unlike Thursday when the market closed with just two offers to sell 140,000 units at $24, at the close on Friday there were 11 offers on the board, between $17.89 up to $25 with more than 600,000 units. Bids are for over 230,000 units at $17.73, the next lot is at $16.80. Carreras ended with 1,001,700 shares trading at $53.05, a 52 weeks high, after gaining 5 cents. Desnoes & Geddes had 832,106 units changing hands, to close 15 cents lower at $30, Jamaica Broilers traded 93,884 shares to close at $8.88 as the price slipped 12 cents. Jamaica Stock Exchange closed with 20,000 shares trading to end at $11 and gained $1.25, for an all-time high, JMMB Group traded 184,433 shares to close at $9.51 after declining 29 cents. Kingston Wharves traded 10,500 units to close at $10, Mayberry Investment lost 10 cents to end at $4, by trading 918,658 shares.

National Commercial Bank with 112,524 shares changing hands, closed 50 down at $32.50, Pan Jamaican traded 6,888 shares to end 12 cents higher, at $80.12, Sagicor Group fell 85 cents with 3,120,466 shares trading, to close at $14.66, for a rise of 51 cents. Sagicor Real Estate Fund traded 262,107 units, the price closed unchanged at $11, Scotia Group ended with 8,000 shares changing hands and closed at $26.17, after falling by 81 cents. Scotia Investments gained 50 cents to close at $27.50 as 50,000 units traded, and Proven Investments ordinary share, closed with a rise of 1.9 US cents, with 445,000 units traded, to end at 23.9 US cents.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Desnoes and Geddes’, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Stock Exchange, Kingston Wharves, Mayberry Investments, National Commercial Bank, Pan Jamaican, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Supreme Ventures

C&W falls to $1.17 in morning session

October 30, 2015 by IC Insider.com

Cable and Wireless fell to $1.17 in early trading on Friday with 1,026,780 units between $1.17 and $1.40 to record the last traded at $1.17. The stocks now has bid of $1.02 to buy 1,195,115 shares on the offer is 25,300 units at $1.16. The next closest offer is at $1.38 with 913,000 shares.
Trading resulted in 28 securities changing hands with a volume of 4,089,472 units as 8 stocks gained and 12 declined and a number of new all-time highs were reached with the Jamaica Stock Exchange, Medical Disposables, Sagicor Real Estate Fund and all hitting new highs and Mayberry Investment at a new 52 weeks’ high. The other main trades Caribbean Cream with 556,000 shares changing hands at $3.40, Lasco Distributors with 329,102 shares changing hands at $3.25, Medical Disposables saw a jump in price to $3 with 331,133 shares changing hands and Proven Investments with 445,000 units at 23.9 US cents. At a minute after 11am Barita Investments crossed 3 million units of Sagicor Group at $14.75.
The Jamaica stock market after 90 minutes of trading, recorded mixed results in the indices. The All Jamaican Composite index jumped slipped 71.14 points to 144,908.18 JSE Market Index fell 63.66 points to 130,599.13 the JSE combined index rose 73.57 points to be at 135,150.31 and the junior market index rose 14.97 points to its highest level of 1,326.51.

Filed Under: JSE Main Market, Stock Market Tagged With: Barita Investments, C&WJ, Jamaica Stock Exchange, Kremi, Lasco Distributors, Mayberry Investment, Medical Disposables, Proven Investments, Sagicor

25 stocks gained on JSE on Thursday.

October 29, 2015 by IC Insider.com

Jamaica Broilers closed at a new 52 weeks’ high of $9 on Thursday.

Cable and Wireless was the star attraction with over 4 million shares changing hands and ending closing higher at the close. Elsewhere trading on the Jamaica Stock Exchange on Thursday as bulls still dominating with the main market indices close with mere increases but the indices still ended at new closing highs except for the junior market.
A total of 25 stocks rose, 10 declined as 8 securities, totalling 12,318,211 units valued at $61,415,667 changed hands, in all market segments. A total of 9 stocks ended at 52 weeks’ closing highs and one at an intraday 52 weeks’ high.
The JSE Market Index shot up 33.96 points to 130,662.79, a new closing high, the all Jamaica Composite Index gained 37.95 points to end at 144,979.32. JSE combined index climbed 239.17, points to end at a new closing high of 15076.74.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 3 stocks with bids higher than their last selling prices and none with offers that were lower.

In trading, Berger Paints lost 40 cents in trading 6,500 shares to close at $3, Cable and Wireless closed with a gain of 10 cents with 4,167,792 shares changing hands to end at 52 weeks’ closing high of $1.40. The stock closed with a bid at $1.35 to buy 269,759 shares and with 14,700 shares on the offer at $1.40. Caribbean Cement lost 1 cent to end at $18, with 159,792 shares changing hands. Cement closed with only two offers to sell 140,000 units at $24, with bids are 100,000 at $17.75, at $17.73 only 32,887 units and at $17.70 one bid of 243,000 shares, as the sellers continue to hold the upper hand currently. Carreras ended with 182,073 shares trading at $53 after. Desnoes & Geddes had 34,421 units changing hands, to close at $30.15, the stock price gained 15 cents for the day. Gleaner moved up 14 cents to $2, as trading ended with 68,200 shares changing hands, Grace Kennedy lost some altitude, with 4,833 shares changing hands at $67.94, to close with a loss of $2.00, Jamaica Broilers traded 208,432 shares to close at a 52 weeks’ closing high of $9. Jamaica Producers gained 6 cents to $20.76 with only 93,468 units in closing at a new 52 weeks high, Jamaica Stock Exchange closed unchanged with only 1,000 shares trading to end at $9.75, JMMB Group traded 20,935 shares to close at $9.80 after declining 5 cents. Kingston Wharves traded 29,500 units to close with a gain of 95 cents at a 52 weeks’ high of $10, Mayberry Investment also closed at a new 52 weeks’ high, as the price rose 29 cents to reach $4.10, by trading 159,650 shares.

National Commercial Bank with 42,039 shares changing hands closed $1.50 higher at $33, Pan Jamaican traded 73,657 shares to end at $80 with the price falling back by $10, Sagicor Group fell 85 cents with 640,958 shares trading, to close at $14.15, Sagicor Real Estate Fund traded 15,310 units as the price closed at $11, Scotia Group ended with 19,258 shares trading and closed at $26.98 after rising by 98 cents. Seprod exchanged 29,445 units and lost 69 cents, and ended at $16, Supreme Ventures ended at $4.20 with 162,100 units changing hands and gained 39 cents and Proven Investments ordinary share, closed with a loss of 1.98 US cents, with 442,900 units traded, to end at 22 US cents.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Desnoes and Geddes’, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica Stock Exchange, JMMB Group, Kingston Wharves, Mayberry Investments, National Commercial Bank, Pan Jamaican, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Supreme Ventures

Bulls tamed a bit still active on JSE

October 28, 2015 by IC Insider.com

Grace Kennedy traded at a new 52 weeks’ high of $70.

Cable and Wireless was the dominant trade on the Jamaica Stock Exchange on Wednesday as bulls continued their rampage and pushed the market to yet another record high of 144,941.37 points after adding 1,786.99 points on the all the all Jamaica Composite Index. The Jamaica telecom giant, traded nearly 8 million units, just under two thirds of the volume traded for the day.
A total of 13 stocks rose, 16 declined as 37 securities, totalling 12,318,211 units valued at $44,798,394 changed hands, in all market segments. A total of 6 stocks ended at 52 weeks’ closing highs and one at a 52 weeks’ low. The JSE Market Index shot up 1,599.02 points to 13,628.83, a new closing high. JSE combined index climbed 1,437.67, points to end at a new closing high of 134,837.57.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 8 stocks with bids higher than their last selling prices and 2 with offers that were lower.

In trading, Barita Investments trading for only the fifth time in October, lost 4 cents in trading 77,450 shares at $2.56, Berger Paints traded 58,499 shares to close at $3.40, Cable and Wireless closed with a gain of 4 cents as with 7,878,875 shares changed hands to end at 52 weeks’ high of $1.30. The stock traded between $1.25 and $1.50 with an average price of $1.44 and closed 1,850 units on the bid at $1.25 and with 63,000 shares on the offer at $1.30. Thursday’s trading could set the stage for the next few days of trading in the stocks. Caribbean Cement lost 49 cents to end at $18.01, with 12,658 shares changing hands. Cement closed with seven lots being offered amounting to just under 375,000 shares between mostly between $18.90 and $24, bids are 100,000 at $17.80 and 293,000 at $17.51, with the sellers having the upper hand currently. Carreras ended at with 9,664 share trading at $53 after. Desnoes & Geddes had 152,548 units changing hands to close at $30, Gleaner traded 150,833 shares at $1.86 for a 6 cents gain, Grace Kennedy exchanged 26,870 shares at $70 to close at a new 52 weeks High as the price gained $3.50, Jamaica Broilers traded 95,595 shares to close at $8.01. Jamaica Producers gained 10 cents to $20.70 with only 3,000 units in closing at a new 52 weeks high, Jamaica Stock Exchange also closed at a new 52 weeks high with 3,380 shares trading to end at $9.75, JMMB Group gained 10 cents in trading 107,923 shares to close at $9.85.

National Commercial Bank with 29,361 shares changing hands closed at $31.50, Pan Jamaican price traded 34,410 shares to end at $90, for a new 52 weeks’ high, Sagicor Group jumped 70 cents with 197,308 shares trading to close at a new 52 weeks’ high of $15. Sagicor Real Estate Fund traded 6,680 units as the price gained $1 to close at $11 for a 52 weeks’ high. Scotia Group ended with 74,384 shares trading closed at $26 after falling by 50 cents, Supreme Ventures ended at $3.81 with 78,000 units changing hands and lost 9 cents and Proven Investments ordinary share closed with a small loss 67,987 units traded to end at 23.98 US cents.