JSE starts 2016 on a new high
At the close, 5,096,460 units valued at $149,875,337 changed hands in all markets with the junior market accounting for of 1,707,388 units, valued at $6,741,784. A total of 35 securities traded in all market segments, 17 of which in the combined markets gained and 8 declined. Five stocks traded at 52 weeks’ closing high and 2 at intraday 52 weeks’ high as investors continue to push prices higher.
The main market was facing resistance around the 165,000 points level, the on the all Jamaica composite index, now that it has crossed it and seems to be moving away. This level appears to be moving towards support for the market.
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 11 stocks with bids higher than their last selling prices and 2 with lower offers.
In trading, Berger Paints ended with 85,100 shares trading at $3.15 for a loss of 5 cents, Cable and Wireless rose 8 cents with 212,690 units changing hands to close at $1.38, Caribbean Cement climbed 54 cents to end at $20.44, with 10,000 shares trading. Carreras closed at $60, with 2,261,300 units changing hands for 82 cents fall but not until after it traded at a new 52 weeks’ intraday high of $62, Gleaner Company traded 52,000 shares at $1.70 with a 40 cents increase. Grace Kennedy with 2,483 units changing hands finished $2.75 higher at $84, Jamaica Broilers rose 25 cents and closed at $10.50 with 124,677 shares changing hands, Jamaica Producers traded 1,000 shares to end at $32, after rising $1.32, Jamaica Stock Exchange gained 39 cents in trading 1,400 shares at $18.99, National Commercial Bank gained 50 cents to end at a 52 weeks’ high of $40.50, with 12,145 units changing hands. 138 Student Living had 260,933 units trading at a 52 weeks’ high of $4.60 after rising by 10 cents, Radio Jamaica had 51,000 shares trading with a gain of 42 cents to end at $4.08, Sagicor Group closed at $20 with 24,426 units changing hands, Scotia Group had 36,809 shares changing hands at $30.01. Seprod closed with a loss of 44 cents at $20.56 with 2,938 shares trading, Supreme Ventures ended at $4.66 with 208,363 units changing hands and Jamaica Money Market Brokers 7.25% preference share traded 26,000 units to gain 4 cents and ended at $2.06.
20 stocks gained on JSE – Thursday
A total 20 stocks in the combined markets gained, 11 declined including 3 preference shares. Four stocks closed at 52 weeks’ high and one at an intraday high.
At the close the JSE Market Index climbed 450.69 points to 146,147.21, the all Jamaica Composite Index rose 503.67 points to end at 162,284.04 and the JSE combined index gained 748.48 points to close at 152,990.17. The main market faces resistance test around the 165,000 points level, on the all Jamaica composite index.
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 lower offers.
JSE majors slip big on Tuesday
Trading ended on the Jamaica stock market with 30,385,484 units valued at $406,775,349 changing hands, in all market segments with 33 securities trading. The junior market accounted for 20,742,505 units, valued at $215,634,789. A total 16 stocks in the combined markets gained, 13 declined. 3 stocks closed at 52 weeks’ high 1 at a 52 weeks’ low and 1 at an intraday high.
At the close the JSE Market Index dipped 1,419.09 points to 145,166.40, the all Jamaica Composite Index declined 1,585.92 points to end at 161,187.93 and the JSE combined index dropped 1,556.54 points to close at 151,943.59. The main market continues to face a test around the 165,000 points resistance level, on the all Jamaica composite index.
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 9 stocks with bids higher than their last selling prices and 4 with lower offers.
In trading, Cable and Wireless fell 1 cent with 1,964,197 units changing hands to close at $1.30, Caribbean Cement gained 33 cents to end at $18.20 with 144,558 shares changing hands, Carreras closing at $60.75, with 6,795 units changing hands. Gleaner fell 4 cents with 44,000 units changing hands at $1.30, Grace Kennedy rose$1.12, with 274 units changing hands, to finish at a new 52 weeks’ high of $81. Jamaica Broilers closed at $10.50 with 35,591 shares changing hands, Jamaica Producers traded 49,462 shares while gaining 10 cents, to end at $32, the Jamaica Stock Exchange lost 70 cents with 38,776 units changing hands, to close at $16, JMMB Group traded 39,484 ordinary shares at $10.50, after rising by 30 cents. Mayberry Investments had 17,928 shares trading at $4.10 for a loss of 25 cents, Montego Bay Ice fell $2.60 in closing at $14.90 with 1,250 shares trading, National Commercial Bank ended at $39.01, with 3,136,195 units changing hands, 138 Student Living had another large trade, with 1,754,230 units at $4.50 following big trades on Friday and Monday. Pan Jamaican Investments traded 24,662 and gained 50 cents to end at $93, Radio Jamaica traded 16,000 units at $3, Sagicor Group closed with 757,157 units changing hands with a loss of 30 cents to $17.20, Sagicor Real Estate Fund gained 22 cents in trading 10,000 shares at $10.22. Scotia Group declined 98 cents with 654,660 shares changing hands at $30, Scotia Investments jumped $2.05 with 5,000 shares changing hands at $31, Supreme Ventures ended at $4.60 with 45,200 units changing hands. Proven Investments ordinary share had 811,000 units trading at 19.5 US cents, for a loss of 2.5 cents and JMMB7.5% Preference share traded 42,350 units and gained 9 cents to close at $1.99.
Proven sells Knutsford shares
Knutsford Express traded a big block of 20,000,002 shares at $10.65 with the price falling 65 cents, helping the junior market to lose ground on Tuesday. The record of the company showed Proven Investments as the holders of the exact amount traded, representing 20 percent of the shareholdings with their brokerage house being the seller with NCB Capital Markets being the brokers buying.
The junior market index falling by 24.27 points to 1,666.91 points as the market retreated from the all-time high reached on Monday. Trading ended with 14 securities trading of with 7 advanced and 2 declined with 20,742,505 units, valued at $215,634,789 changing hands as 2 stocks closed at 52 weeks’ highs.
At the close there was 1 security ending with no bid to buy and 6 securities had no stocks being offered for sale. A total of 2 stocks closed with bids higher than their last traded prices while one closed with a lower offer.
In trading, Access Financial Services closed at $16 with 2,646 units changing hands, AMG Packaging closed with 8,964 units changing hands at $7, Blue Power had 581 units changing hands to close at $13.10, Caribbean Cream gained 43 cents with 13,000 shares changing hands at $3.70. Caribbean Flavours traded 450 units to close at a 52 weeks’ high of $10, by adding 97 cents, Caribbean Producers closed at $4.62 to gain 17 cents with 290,856 units changing hands, Consolidated Bakeries rose 10 cents while trading 35,000 shares at $1.20, Derrimon Trading ended with 27,247 shares changing hands at $3.80. General Accident closed at $1.95 with 4,500 shares trading, Honey Bun finished with 2,000 shares changing hands, to close at $6, Lasco Distributors closed with 80,000 shares changing hands at 25 cents higher at $4.60. Lasco Financial rose 43 cents to close at a 52 weeks’ high of $3.55, with 241,631 shares changing hands and Lasco Manufacturing lost 55 cents to close at $3 with 298,484 shares trading.
JSE majors slip on Monday
Trading ended on the Jamaica stock market with 10,283,114 units valued at $50,915,307 changing hands, in all market segments with 33 securities trading. The junior market accounted for 1,290,587 units, valued at $4,845,099. A total 11 stocks in the combined markets gained, 10 declined while 4 stocks closed at 52 weeks’ high and 1 traded at an intraday high.
138 Student Living had another day of with a large trade of 8,520,000 units at $4.50, valued at $38.34 million, much less than the 58,949,590 units valued at $265,273,155 traded on Friday.
At the close the JSE Market Index fell 38.30 points to 146,585.49, the all Jamaica Composite Index eased 42.80 points to end at 162,773.85 and the JSE combined index added 156.87 points to close at 153,500.13. The main market continues to face a test around the 165,000 points resistance level, on the all Jamaica composite index.
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 9 stocks with bids higher than their last selling prices and 4 with lower offers.
In trading, Cable and Wireless gained 1 cents with 77,265 units changing hands to close at $1.31, Caribbean Cement fell 33 cents to end at $17.87 with 16,000 shares changing hands, Carreras gained 75 cents, in closing at a new 52 weeks’ high of $60.75, with 42,612 units changing hands. Gleaner rose 8 cents with 8,320 units changing hands at $1.34, Grace Kennedy fell 12 cents, with 1,230 units changing hands, to finish at $79.88. Jamaica Broilers price jumped $1.86 to $10.50 with 19,726 shares changing hands, Jamaica Producers traded 1,000 shares at $31.90, The Jamaica Stock Exchange share lost $2.25 with 28,610 units changing hands to close at $16.70, Kingston Wharves had trading in 9,509 shares at $11.35. Mayberry Investments had 65,011 shares trading at $4.35, for a loss of 35 cents, National Commercial Bank rose just 1 cent and ended at $39.01, with 29,432 units changing hands, Radio Jamaica traded 1,000 units early in the day at $2.25 and ended the day at $3 while 11,400 units changed hands. Sagicor Group closed with 61,827 units changing hands at $17.50, Salada Foods lost 51 cents in trading 51,562 shares at $8.50, Scotia Group declined by 1 cent with 8,741 shares changing hands at $30.98, Supreme Ventures rose 60 cents to end at $4.60, with 7,128 units changing hands and Proven Investments had 16,130 shares trading at 22 US cents, for a loss of 0.99 cents.
Stocks eke out more gains – Thursday
The junior market accounted for 43,233,932 units, valued at $166,308,887 as 19 stocks in the combined markets gained, 14 declined, 5 stocks closed at 52 weeks’ high and 1 traded at an intraday high, but pulled back before the close.
While the main market indices rose, the gains were low at under 250 points with the JSE Market Index climbing 152.28 points to 144,410.21, the all Jamaica Composite Index rising 170.18 points to end at 160,342.85 and the JSE combined index adding 224.86 points aided by junior market gains, to close at 150,962.10. The main market faces a test at 165,000 points resistance level, on the all Jamaica composite index, but based on the churning of price movements in recent weeks, it is likely to take some more trading days to break through that level if the break takes place.
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 5 with lower offers.
In trading, Berger Paints ended with 45,252 units trading with a decline of 15 cents to $3.15, Cable and Wireless rose 9 cents with only 198,570 units changing hands to close at $1.40, at the close, there were over 2 million units on the offer at $1.40 with bids not looking particularly strong at $1.30 and below. Caribbean Cement closed with a loss of 20 cents to end at $18, with 53,180 shares changing hands. Carreras fell 4 cents in closing at $59.01 with a mere 20,543 units trading, Ciboney traded at 27 cents with 65,000 units changing hands, Gleaner traded at $1.26 down 14 cents with 228,000 units trading, Grace Kennedy gained $1.50, with 10,581 units changing hands, to finish at $79.50. Jamaica Broilers price rose $1.90 to $10.50, with 71,366 shares changing hands, the stock was offered for sale at $9.90 at the close. The Jamaica Stock Exchange share traded 22,665 units and lost 5 cents to close at $18.95, Kingston Wharves saw trading in 15,000 shares at $11.35 as the price slipped 5 cents, National Commercial Bank rose 34 cents and ended at $38.70 with 173,608 units changing hands, Pan Jamaican Investment had 13,000 units changing hands at $92.11, having lost 89 cents. Pulse Investments traded 148,669 shares with a loss of 40 cents to end at $2.10, Radio Jamaica lost 60 cents to land at $3 with 12,900 shares trading, Sagicor Group closed with 24,780 units changing hands but the price gained 6 cents to end at $16.81. Scotia Group gained 89 cents with 94,242 shares changing hands at $29, Supreme Ventures fell 15 cents to end at $4.50 with 37,168 units changing hands. Proven Investments rose 0.99 US cents had 145,550 shares trading at 22.99 US cents, followed by Proven Investments 8% preference share with 17,675 units trading at $5.10 with a loss of 40 cents.
Jamaican stocks churning forward
The junior market accounted for 2,721,358 units, valued at $9,118,051 as 11 stocks gained, 14 declined, 1 stock closed at a 52 weeks’ high and 2 traded at an intraday high but pulled back before the close.
While the main market indices rose, the gains were very low at under 300 points each with the JSE Market Index climbing just 53.41 points to 144,257.93, the all Jamaica Composite Index rose a mere 59.69 points to end at 160,172.67 and the JSE combined index added 287.46 points thanks to gains in the junior market to close at 150,737.24.
Notwithstanding today’s gains, the main market faces the next test at 165,000 points level, on the all Jamaica composite index.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a good reading of 15 stocks with bids higher than their last selling prices and 3 with lower offers.
In trading, Cable and Wireless rose 1 cent with only 110,997 units changing hands to close at $1.31, Caribbean Cement closed trading at $18.20, with 25,936 shares changing hands. Carreras fell 85 cents in closing at $59.05 with a mere 250 units trading, Ciboney traded at 27 cents with 215,700 units changing hands, Grace Kennedy declined by $1, with 3,246 units changing hands, to finish at $78. Jamaica Broilers traded at a 52 weeks’ high of $10.50, by the close the price fell 65 cents in trading 65,576 shares, to close at $8.60, Jamaica Producers jumped $2.99 in trading 3,125 units at $31, the Jamaica Stock Exchange shares traded 23,288 units at $19, but traded at a new intraday 52 weeks’ high of $19.05. Kingston Wharves saw trading in 5,500 shares at $11.40 as the price slipped 10 cents, Mayberry Investments gained 30 cents with 400,114 units changing hands to end at $5, National Commercial Bank fell 14 cents and ended at $38.36 with 17,175 units changing hands, Pan Jamaican Investment had 4,581 units changing hands at $93. Radio Jamaica rose by 60 cents and landed at $3.60 with 24,000 shares trading, Sagicor Group closed with 1,867,437 units changing hands but the price fell by 25 cents to end at $16.75, Scotia Group dropped $1.89 with 55,916 shares changing hands at $28.11. Seprod traded 5,000 shares at $20.50, Supreme Ventures fell 30 cents to end at $4.35 with 61,988 units changing hands and Proven Investments fell 0.9 US cent as 37,468 shares traded to close at 22 US cents.