Proven Investments

12 up 12 down on JSE Wednesday

June 24, 2015 by IC Insider.com

Carreras fell $2.15 on Wednesday

Activity on the Jamaica Stock Exchange ended with 12 stocks rising, 12 declining as 31 securities changed hands, including 2 that closed at new 52 weeks’ high and ending in 5,819,926 units trading, valued at $47,899,964, in all market segments. The main market had more stocks declining than advancing at the close with 9 falling to 6 advancing.
The JSE Market Index lost 137.06 points to 97,315.35, the JSE All Jamaican Composite index declining by 153.20 points to close at 107,711.34 but the JSE combined index declined 273.13 points to end at 99,982.34.

IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 9 stocks with bids higher than their last selling prices and 8 with offers that were lower.
In trading, Caribbean Cement closed with 38,245 shares changing hands at $5.50, Carreras traded 12,000 shares but closed with a loss of $2.15 at $48.35, Desnoes & Geddes lost 45 cents in trading 21,600 shares to close at $7.55. Gleaner ended with 13,645 shares changing hands but gained 8 cents at the close to $1.08, Grace Kennedy had 26,700 units changing hands and fell 50 cents to $63.50, Jamaica Broilers remained firm in trading 94,000 units to end at $6.

Jamaica Stock Exchange in trading 17,135 shares ended with a gain of 1 cent at $6.81, at the close Stocks and Securities offered 982,865 units for sale at $6.80. Kingston Wharves traded 12,229 shares in closing at $7. The stock traded at a 52 weeks’ intraday high of $7.01, Mayberry Investments traded 123,703 shares to dip 7 cents at $2.53, National Commercial Bank declined by just 1 cents in trading 144,522 shares to close at $29, Proven Investments traded 117,000 shares to close at 21.5 US cents up from the closing price of 19.01 US cents on Tuesday. Sagicor Group fell 10 cents with 1,510,308 units trading to end at $12.85, Sagicor Real Estate Fund closed 1 cent down at $8 after 11,625 shares were exchanged and Scotia Group had 156,455 units trading 25 cents higher at $23.50.

Filed Under: JSE Main Market, Stock Market Tagged With: Caribbean Cement, Desnoes & Geddes, Gleaner, GraceKennedy, Jamaica Broilers, Jamaica Stock Exchange, Kingston Wharves, Mayberry Investments, National Commercial Bank, Proven Investments, Sagicor Real Estate X Fund, SagicorGroup, Scotia Group, Stocks and Securities

JSE poised to rise on Wednesday

June 23, 2015 by IC Insider.com

Activity on the Jamaica Stock Exchange picked up with one of the better trading days in terms of the number of securities being active. At the close there were 14 stocks rising, 8 declining as 39 securities changed hands, including 4 that closed at new 52 weeks’ high and ending in 4,671,007 units trading, valued at $73,832,092, in all market segments.
The changes in the market indices were very small with the JSE Market Index gaining just 13.43 points to 97,452.41, theJSE All Jamaican Composite index rising by 15.01 points to close at 107,864.54 but the JSE combined index declined by 4.07 points to end at 100,255.47.
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 just 3 with offers that were lower, a suggestion that advancing stocks should have the upper hand again on Wednesday.
In trading, Cable & Wireless closed with 1,149,216 units trading to end at 45 cents, Carreras traded 321,462 shares and gained $2.19 to end at $50.50, Desnoes & Geddes gained 44 cents in trading 733,245 shares to close at $8. Gleaner ended with 108,114 shares changing hands but lost 8 cents at the close, Grace Kennedy had 26,700 units changing hands and put on 64 cents to $64, Jamaica Broilers gained 55 cents while trading 8,410 units to end at $6. JMMB Group ended with 20,085 shares trading unchanged at $7.50, Kingston Wharves put on 30 cents in closing at $7 having traded just 2,900 units. Mayberry Investments traded 252,867 shares to close at $2.60 after shedding 30 cents, National Commercial Bank lost 44 cents in trading 1,008,211 shares at $29.01 at the end. 138 Student Living regained the 40 cents it lost recently to close at $4.40 with 20,000 units changing hands, Pan Jamaican dropped $2.70 with 59,230 units to close at $60.80, Proven Investments traded 305,252 shares between 22 US cents and the closing price of 19.01 US cents, for a slight gain at the end. Radio Jamaica closed with a gain of 30 cents to a new 52 weeks’ high of $3.50 with just 4,214 shares changing hands, Sagicor Group was up 55 cents with 191,448 units trading to end at $12.95, Sagicor Real Estate X Fund closed 1 cent higher at a new high of $8.01 after 4,000 shares were exchanged. Scotia Group had 95,808 units trading 10 cents higher at $23.25 and Scotia Investments traded 15,000 shares at $29.85 at the close.

Filed Under: JSE Main Market, Stock Market Tagged With: 138 Student Living, Cable & Wireless, Desnoes & Geddes, Gleaner, GraceKennedy, Jamaica Broilers, JMMB Group, Kingston Wharves, Mayberry Investments, National Commercial Bank, Pan Jamaican, Proven Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate X Fund, Scotia Group, Scotia Investments

JSE main market down in early trading

June 23, 2015 by IC Insider.com

After an hour and fifteen minutes of trading on the Jamaica Stock Exchange on Tuesday, the main market indices are down but the junior market is up moderately with the prices of 12 stocks gaining, and only 4 declining as 24 securities traded including 3 in the junior market with total volume of stocks trading at 1.39 million units.
Cargo Handlers traded 1,100 shares at a new high of $25 with a gain of $1, Pan Jamaican Investment traded 57,080 shares 50 cents higher at $64, Proven Investments traded 303,259 units at US 22 US cents.
TheJSE Market Index lost 150.34 points to 97,288.64 the JSE All Jamaican Composite index fell 169.04 points to 107,681.49 at and the JSE combined index gave up 112.24 points to 100,147.30, the junior market index added 3.25 points to 929.35.

Filed Under: JSE Main Market, Stock Market Tagged With: Cargo Handlers, Pan Jamaican Investment, Proven Investments

JSE closes up with 15 stocks rising

June 18, 2015 by IC Insider.com

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Sagicor Group traded at day a new 52 weeks’ high on Thursday.

Activity on the Jamaica Stock Exchange, resulted in the prices of 15 stocks rising, 8 declining as 30 securities changed hands, ending in 2,795,375 units trading, valued at $21,467,371 and 3 new 52 weeks’ high in all market segments.
TheJSE Market Index gained 372.85 points to 97,630.76, theJSE All Jamaican Composite index rose 416.74 points to close at 108,063.88 and the JSE combined index gained 368.09 points to end at 100,321.14.
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 7 with offers that were lower.
In trading, Cable & Wireless ended trading with 391,410 shares to end at 45 cents. Caribbean Cement ended with 1,019,125 shares but the price fell 40 cents to $5, Carreras ended trading with 7,660 shares to gain 41 cents to $48.50, Grace Kennedy closed with 32,022 units changing hands, 40 cents higher at $63.90. Jamaica Broilers traded 140,665 shares and was down 5 cents to $5.40, Jamaica Producers jumped $1.46 to $20 on a small volume of 7,239 shares. JMMB Group traded 176,877 shares but remained unchanged at $7.50, National Commercial Bank closed trading with 52,710 units changing hands and gained 5 cents to $29.50,

Sagicor Group traded at a new 52 weeks’ high of $13 during the morning but closed at new 52 weeks’ close of $2.61, 1 cent higher with 69,030 shares trading. Sagicor Real Estate Fund ended with 11,619 shares trading and remained unchanged at $8.
Scotia Group had trading in 208,096 shares to gain just 3 cents at $23.14, Supreme Ventures closed with 64,000 shares changing hands at $3.70. Proven Investments traded 91,678 shares and put on 0.38 US cents at the close, for a new closing high of 22 US cents, while Jamaica Money Market Brokers 7.50% preference share, traded 48,470 units at $2 and Jamaica Money Market Brokers 8.75% preference share traded 30,500 units and lost 1 cent, to end at $2.98.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: C&WJ, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, JMMB, JMMB Group, NCB, Proven Investments, Sagicor, Sagicor Real Estate Fund, Scotia, Supreme Ventures, Trading Activity

138 Student Living big trades

June 10, 2015 by IC Insider.com

138 Student Living ordinary share closed at a new low of $4

138 Student Living dominated trading with 12.2 million ordinary and 12 million preference shares changing hands accounting for $108 million. The Jamaica Stock Exchange, ended with the main market moving in the opposite direction to that of the junior market.
On a day the junior market reached a new all-time high with 7 stocks advancing and none losing, with 4 stocks closing at new highs, the main market slipped, with only 3 stocks advancing with all losses coming from this market. The markets closed with the prices of 10 stocks rising, 11 declining as 31 securities changed hands, ending in 28,982,879 units trading, valued at $131,346,625, and 7 new 52 weeks’ highs and 1 new low, in all market segments

TheJSE Market Index lost 310.43 points to 97,890.06, the JSE All Jamaican Composite index fell 346.98 points to close at and the 108,353.72 JSE combined index dropped 220.38 points to end at 100,762.69.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 9 stocks with bids higher than their last selling prices and 8 with offers that were lower. The junior market that recorded all gains showed weakness at the end with 5 stocks closing with lower offers than the last sale and only 2 with bids that were higher.
Stocks trading include, Cable & Wireless with 645,332 shares changing hands with a loss of 1 cent to close at 44 cents. Desnoes & Geddes closing with 870,000 stock units trading at $8, Grace Kennedy had 10,000 shares changing hands at $63.90 to lose 1 cent, Hardware & Lumber closed with 7,147 shares trading to end with a gain of $1 at a new 52 weeks’ high of $19. Investors continue to react to Jamaica Stock Exchange big jump in profits and announcement of a 53 cents dividend as they snapped up the 50,000 stock units on sale and still wanted more with bids at $6.00 to $6.55 to buy 162,000 units. The stock gained 25 cents for the day and closed at $6. JMMB Group saw 179,100 shares trading, to close at $7.26, down 24 cents, 138 Student Living traded 12,202,200 stock units and lost 40 cents to end at $4.

Sagicor Group had 16,457 shares trading with a gain of 24 cents to end at a new 52 weeks’ high of $12.30, the stock closed with a bid of $13.20 to buy 1,000 shares, posted at 12:24 pm on Wednesday. Sagicor Real Estate Fund traded 63,800 stock units at $7.60, Scotia Group had 31,000 shares trading, to close with a 10 cents loss at $24.40, Scotia Investments fell $3.57 with 6,300 stock units trading, to end at $26.28. Seprod lost 50 cents with 6,888 shares trading, to close at $15.49, Proven Investments traded 229,035 stock units at 21 US cents, Jamaica Money Market Brokers 7.50% preference share trading 1,401,000 units at $2.03 while 138 Student Living preference share traded 12,000,000 units at $5 and Proven Investments 8% preference share traded 42,955 units at $5.

Filed Under: Stock Market Tagged With: Cable & Wireless, Desnoes & Geddes, Grace Kennedy, H&L, Jamaica Money Market Brokers, Jamaica Stock Exchange, JMMB Group, Proven Investments, Sagicor Group, Sagicor Real Estate X Fund, Scotia Group, Scotia Investments, Seprod

JSE’s modest gains but 14 stocks rise

May 25, 2015 by IC Insider.com

RJR closed at 52 weeks’ high on Friday

Activity on the Jamaica Stock Exchange, resulted in the prices of 14 stocks rising, 7 declining as 29 securities changed hands, ending in 3,995,019 units trading, valued at $28,635,285, in all market segments. A total of 3 stocks closed at new 52 weeks’ high in the main market.
TheJSE Market Index gained 111.93 points to 98,494.44, the JSE All Jamaican Composite index rose 125.14 points to close at 108,839.65 and the JSE combined index put on 244.08 points to end at 100,819.51. Close to mid-day the all Jamaican Composite index ended had gained 755.19 points added while the JSE index added 675.46 points. and the junior market index gained 20.52 points to 883.66.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator continues to flash bullish signals with 14 stocks with bids higher than their last selling prices and 6 with offers that were lower.

tocks trading in the main market at new closed at 52 weeks’ high are Barita Investments, Pan Jamaican Investments Trust and Radio Jamaica. Jamaica Broilers traded during the day at $5.74 for a new 52 weeks intra-day high but closed lower at a former 52 weeks closing high of $5.50. Other trades in the main market include Cable & Wireless with 459,765 shares trading at 47 cents, to record a 1 cent gain. Caribbean Cement traded 50,000 to close at $4.35 but traded as high as $4.80, Grace Kennedy gained 25 cents to close at $62.75 with 7,253 units trading, Hardware & Lumber traded only 3,000 units at $10.25 to $12, Jamaica Broilers had 27,400 trading as high $5.74 but closed unchanged at $5.50, JMMB Group has 955,266 units trading at $9 and gained 11 cents, Mayberry Investments traded 109,856 units to close at $2.85 with a 15 cents loss but traded previously at $3.National Commercial Bank had 100,819

shares trading at $30, Radio Jamaica traded 100,000 shares is at $2.60, Sagicor Group traded 466,995 shares with the price climbing 15 cents to $12.15. Scotia Group had 141,655 shares changing hands at $25.50 by putting on 18 cents, Proven Investments fell to 18.50 US cents with 78,150 units trading and Jamaica Money Market Brokers 7.50% preference shares ended with 728,100 units at $2.30 as the price slipped 10 cents.
At the close of the market Sagicor Real Estate Fund had a bid at $8.30 compared with the last sale price of $8, but only 100 units were on the bid and only one offer was posted at $10. Investors are responding to reported strong increase in profit flowing from primarily form the profit of the hotel acquired in 2014, but they may not be taking into consideration the seasonal flows of revenues and profit in the industry that see strong inflows in the winter months and lower amounts in the other months.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Grace Kennedy, H&L, Jamaica Money Market Brokers, JMMB Group, Mayberry Investments, National Commercial Bank, Pan Jamaican Investments Trust, Proven Investments, Sagicor Group, Scotia Group

9 stocks rose 12 declined on JSE

May 21, 2015 by IC Insider.com

Pan Jam closed at $60 after gaining $1.19

Activity on the Jamaica Stock Exchange, resulted in the prices of 9 stocks rising, 12 declining as 28 securities changed hands, ending in 1,649,208 units trading, valued at $11,833,234, in all market segments.
The JSE Market Index gained 112.16 points to 98,382.51, theJSE All Jamaican Composite index rose 125.41 points to end at 108,714.51 and the JSE combined index declined by 12.53 points to close at 100,575.43.
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 13 with offers that were lower. 7 of the lower offers are in the junior market and 2 are preference shares, an indication that main market ordinary

shares strength remains fairly intact at this stage and may be one reason the main market indices, recorded gains at the end of trading.
Trading included Berger Paints trading 5,000 shares to close with a loss of 40 cents at $2.60, Cable & Wireless ended with 438,117 shares at 46 cents, for a gain of 1 cent, Caribbean Cement slipped 4 cents with 48,850 shares trading, to close at $4.55, Carreras closed with 92,083 units trading at $49, by dropping $1. Desnoes & Geddes lost 44 cents in trading 5,000 shares in closing at $7.26, Grace Kennedy gained 35 cents with 9,905 units changing hands in closing at $62.50. Jamaica Stock Exchange slipped 15 cents with 43,700 shares trading at $3.35, JMMB Group had 73,345 shares trading with a gain of 44 cents to $8.89,

Margaritaville (Turks) ended with 100,000 shares trading at 10 US cents, Mayberry Investments traded just 1,020 units but lost 15 cents to end at $2.85. National Commercial Bank traded unchanged with 25,000 units at $30, Pan Jamaican traded only 1,700 shares to end with a gain of $1.19 at $60, Proven Investments closed with 17,700 units to gain almost a cent to 20.48 US cents. Radio Jamaica traded 50,000 shares unchanged at $2.58, Sagicor Group gained 50 cents in trading 135,347 units to close at $12, Scotia Group gained 36 cents with 2,190 shares trading, to end at $25.32. Scotia Investments traded only 176 units in gaining 35 cents to $25.85, Seprod lost 50 cents in trading 5,000 units at $17.50 and Supreme Ventures lost 30 cents with 10,727 units changing hands at $3.60.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Desnoes & Geddes, Grace Kennedy, JMMB Group, Margaritaville, Mayberry, National Commercial Bank, Pan Jamaican, Proven Investments, Radio Jamaica, Sagicor Group, Scotia Group, Scotia Investments, Seprod, Supreme Ventures

Slow Monday morning session

May 18, 2015 by IC Insider.com

Stocks are off to a cautious trading in with few major price changes. The most significant price change is Scotia Group with a price of $25.90 up from $25.16 on Friday.
Caribbean Cement traded 227,030 at $5 compared with a close of $4.21 on Friday. Sagicor Group traded 727,037 units and the price slipped to $11 from$12 on Friday. Proven Investments 8% preference share traded 8,000 and gained 50 cents to $5.50. Interest in National Commercial Bank has slowed with the bid in to buy 100,860 at $28.20 compared with the last sale of 52,070 units at $30. Twenty six stocks have traded so far with ten from the junior market. Caribbean Cream trading 100,000 units at $1.20, Jamaican Teas 194,500 shares at $3 after languishing at $2.55 for a long time.

Filed Under: JSE Main Market, Stock Market Tagged With: Caribbean Cement, Jamaican Teas, junior market, NCB, Proven Investments, Sagicor

Bulls reign for now on JSE

May 6, 2015 by IC Insider.com

D&G traded at a new 52 weeks’ high of $7

Wednesday was another big day for the Jamaica Stock Exchange as buyers continue to put upward pressure on stock prices, resulting in the prices of 15 stocks rising, 7 declining and 5 stocks closing at 52 weeks’ high as 34 securities changed hands, ending in 10,246,151 units trading, valued at $38,557,910, in all market segments. Barita Investments traded 6.7 million units valued at $14.37 million with 4 million units being a crossed by Barita investments and Mayberry Investments picking just about all of the rest.
Main Market| The JSE Market Index gained 1,258.19 points to 96,752.04, the JSE All Jamaican Composite index rose 1,406.71 points to close at 106,891.56 and the JSE combined index put on 1,082.65 points to close at 98,682.46. The All Jamaica Index is now at the highest level since November 10, 2011.

IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 15 stocks with bids higher than their last selling prices and only 3 with offers that were lower.
In trading, after a long period of drought, Barita Investments closed with 6,729,389 shares changing hands with as the price ended at $2.07 after trading as high as $2.25. Mayberry Investments bought 2,589.737 units from Barita’s clients for in house inventories and Barita bought 4 million units from the company’s clients for in house inventories. Caribbean Cement finished trading with 119,456 shares as the price ended unchanged at $5, Carreras concluded trading with 33,390 shares, $2.50 lower at $47.50. Ciboney ended trading 500,000 units and put on 1 cent to close at 10 cents, Desnoes & Geddes ended trading 330,611 shares to close higher by 49 cents at a 52 weeks high of $7, Grace Kennedy contributed 41,191 shares to close $1.38 higher, at a 52 weeks’ high of $65, after trading at $65.50.

Hardware & Lumber ended trading with 20,600 units to gain of 85 cents at $11, Jamaica Stock Exchange finished trading with 101,000 shares at $2.93 to record a 3 cents rise, National Commercial Bank while exchanged 193,050 units with a decline of 50 cents, to $30. Sagicor Group closed with 24,900 shares and fell 34 cents, to $11.86, Scotia Group had 52,719 shares trading, with the price ending unchanged at $25, Scotia Investments finished trading with 2,285 shares with a gain of 22 cents, to $24.50. Supreme Ventures closed with 120,624 units trading for 30 cents lower at $3.60, Proven Investments concluded trading with 97,144 ordinary shares at 21 US cents, after gaining moderately. IC Insider has confirmed that the company along with National Commercial Bank will be acquiring around 36 percent of Guardian Holdings a Trinidad Based Life assurance company. Jamaica Money Market Brokers 7.50% preference share traded with 87,000 shares at $2.10 and Jamaica Money Market Brokers 8.75% preference share traded closing with 45,000 units changing hands at $3.

Filed Under: Breaking News, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Ciboney, Desnoes & Geddes, Grace Kennedy, H&L, Jamaica Money Market Brokers, Jamaica Stock Exchange, National Commercial Bank, Proven Investments, Sagicor Group, Scotia Group, Scotia Investments, Supreme Ventures

No stock fell on TTSE Wednesday

May 6, 2015 by IC Insider.com

Guardian Gained in trading on Wednesday but the stock could benefit in the future from the take over of large blocks of shares.

Trading on the Trinidad Stock Exchange closed with 13 securities changing hands of which 2 advanced, none declined and 11 traded firm with a total of 865,369 units, valued at $7,647,482.
At the close of the market, the Composite Index rose 0.17 points to close at 1,153.41, the All T&T Index rose 0.34 points to close at 1,968.83 and the Cross Listed Index remained at 44.32.
Gains| Stocks increasing in price at the close are, Ansa Mcal trading 1,500 shares to close with a gain of 1 cent at $67.02, Guardian Holdings trading 1,180 shares closed with a gain of 7 cents to end at $14.26. Proven Investments and National Commercial Bank are slated to take a major stake in the ownership in Guardian that once was majority owned by Jamaica Mutual Life.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings with 715 units at $13.90, Clico Investment Fund closed at $2.55 with 1,300 units, First Citizens Bank trading 1,875 shares to close at $35.78, Guardian Media trading 912 shares at $19.76, JMMB Group contributing 185,655 shares at 50 cents. Massy Holdings traded just 6 shares to close at $63.43, National Enterprises with 1,000 shares closed at $17.30, One Caribbean Media ended trading with 876 units at $22.30, Prestige Holdings had 662,100 units changing hands at $10 with a value of $6,621,000. Republic Bank had 2,650 shares trading with a value of $304,750 to close unchanged at $115, Scotiabank traded 5,600 units to close at $62.50 carrying a value of $350,000.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 1 stock with the offer that is lower.