Proven Investments

7 stocks up 9 down on JSE

September 30, 2015 by IC Insider.com

Proven traded 1.24 million shares on Wednesday

The Jamaica Stock Exchange saw continued low trading activity on Wednesday. At the close, there were 7 stocks rising, 9 declining with 22 securities totalling 3,227,759 units, valued at $39,616,392 changing hands, in all market segments. Proven Investments closed with 1.24 million units with a value of US$244,000 changing hands, to be the market leading on the last trading day of September.
The main market indices suffered mild declines with the JSE Market Index losing 108.96 points to 96,324.59,

the JSE All Jamaican Composite index fell 121.77 points to 106,604.43 and the JSE combined index slipped 108.46 to end at 99,698.72 points.
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 16 stocks with bids higher than their last selling prices and 4 with offers that were lower. The rise in the closing bids coincides with the close of the month as portfolios are priced at month end.
In trading, Berger Paints had 49,048 units changing hands at $2.30, Cable and Wireless lost 1 cent with 325,800 shares changing hands, to close at 50 cents. Grace Kennedy had 64,962 shares trading and gained 66 cents to end at $64.66,

Jamaica Broilers traded at $5.80 with 36,585 shares changing ownership and dropping 20 cents. JMMB Group traded 16,250 units at $7.63 and lost 2 cents, Pan Jamaican traded 8,177 shares to close at $61.72, Sagicor Group with 145,626 shares trading, closed with a gain of 20 cents, to end at $13.20, Scotia Group lost 25 cents in ending at $23.75 while 4,400 shares traded. Supreme Ventures close at $3.60 with 210,487 units changing hands and Proven Investments ordinary share, had 1,239,499 units changing hands at 19.5 US cents, after shedding 0.25 cents.

Filed Under: JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Grace Kennedy, Jamaica Broilers, Pan Jamaican, Proven Investments, Sagicor Group, Scotia Group, Supreme Ventures

8 up 8 down on JSE on Wednesday

September 23, 2015 by IC Insider.com

On Wednesday the Jamaica Stock Exchange saw more activity than on Tuesday but the market still seems to be nervous with a high level of stocks riding and declining on the same day. At the close there were 8 stocks rising to 8 that declined.
The market closed with 26 securities changing hands totalling 4,027,018 units, valued at $45,899,661 traded in all market segments.
The JSE Market Index gained 148.80 points to 95,738.02, the JSE All Jamaican Composite index added 166.30 points to 105,948.92 and the JSE combined index rose 141.78 points to end at 98,878.40.
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 14 stocks with bids higher than their last selling prices and 4 with offers that were lower.
Trading in the main market ended with Cable and Wireless slipped 1 cent with 885,401 shares changing hands, to close at 49 cents. At the close the stock had 1,122,637 units on the bid at 48 cents and 300,000 on offer at 52 cents. Caribbean Cement traded 200,000 shares at $8 while gaining 30 cents, Desnoes & Geddes ended with 128,250 shares trading with a 5 cents gain to close at $6.15, JMMB Group traded at $7.63 with 10,345 shares changing ownership. National Commercial Bank had 35,609 units changing hands and ended at $27.47 while losing just 1 cent, Pan Jamaican Investment traded 8,052 shares to close at $61.71. Sagicor Group with 175,880 shares trading, closed 19 cents lower at $12.81, Scotia Group traded 1,496,663 shares to close with a loss of 16 cents at $23.75, Scotia Investments traded 16,267 shares in closing at $24.52 with a gain of 2 cents. Supreme Ventures had 41,160 shares changing hands at $3.75, for a gain of 35 cents Jamaica Money Market Brokers 8.75% preference share traded 231,855 shares at a 52 weeks low of $2.49 after losing 16 cents and Proven Investments preference share traded 59,200 units at $5.

Filed Under: JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Desnoes and Geddes’, Gleaner, Jamaica Broilers, JMMB Group, National Commercial Bank, Pan Jam, Proven Investments, Sagicor Group, Scotia Group, Scotia Investments, Supreme Ventures

12 up 12 down on JSE on Tuesday

September 22, 2015 by IC Insider.com

On Tuesday the Jamaica Stock Exchange saw more activity than on Monday but the market still seems to be nervous with a high level of stocks riding and declining. At the close there were 12 stocks rising to 12 that declined.
The market continues to trade with low volumes but the number of securities trading picked up to 33 from only 19 securities changing hands on Monday as 3,036,646 units, valued at a mere $11,130,858 traded in all market segments.
The JSE Market Index dipped 569.70 points to 95,589.22, the JSE All Jamaican Composite index slipped 636.67 points to 105,782.62 and the JSE combined index fell 543.24 points to end at 98,736.62.
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 offers that were lower.
Trading in the main market ended with Cable and Wireless rising 2 cents with 295,388 shares changing hands, to close at 50 cents. At the close the stock had 2,003,038 units on the bid at 48 cents, Caribbean Cement traded 11,529 shares at $7.70, down by 10 cents, Desnoes & Geddes ended with 31,250 shares trading with a 90 cents loss at $6.10, Jamaica Broilers traded at $6.05 with 75,476 shares changing ownership and lost 15 cents. Jamaica Stock Exchange traded at $7,20, down by 25 cents with 29,500 shares, JMMB Group traded 22,320 units and lost 7 cents to end at $7.63, Kingston Wharves had 28,000 units trading to close at $6.50, Mayberry Investments added 42,000 units at $2.80 after shedding 20 cents, National Commercial Bank had only 5,900 units changing hands, ended at $27.48 while gaining just 1 cent, Radio Jamaica traded 27,079 shares to close at $3.08, Sagicor Group with 97,907 shares trading, closed for40 cents higher at $13, Scotia Group traded 32,956 shares to close with a gain of 1 cent at $23.91, Supreme Ventures had 31,600 shares changing hands at $3.40, for a loss of 34 cents, Proven Investments ordinary share traded 93,750 units at 20.01 US cents, down by 1.99 cents and Jamaica Money Market Brokers 7.50% preference share traded 1,304,000 units at $2 after dropping 1 cent and Jamaica Money Market Brokers 8.75% preference share traded 110,000 shares at a 52 weeks low of $2.65 after losing 15 cents.

Filed Under: JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Desnoes and Geddes’, Jamaica Broilers, Kingston Wharves, National Commercial Bank, Proven Investments, Radio Jamaica, Sagicor Group, Scotia Group, Supreme Ventures

Stocks react negatively to PM speech?

September 21, 2015 by IC Insider.com

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If Monday’s trading on the Jamaica Stock exchange is anything to go by investors seem far from impressed with the presentation delivered by the Jamaica’s Prime Minister at Sunday’s closing of her party’s annual conference as there were only two stocks rising to 13 that declined.
The market saw low volumes on a day that enjoyed only moderate trading activity with 19 securities changing hands as 1,481,773 units, valued at a mere $7,074,688 traded in all market segments.
The JSE Market Index dipped 736.27 points to 96,158.92, the JSE All Jamaican Composite index slipped 822.83 points to 106,419.29 and the JSE combined index fell 757 points to end at 99,279.86.
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 3 with offers that were lower.
Trading in the main market was very low keyed with extremely low volumes with only one stock trading with volumes in six digits. Cable and Wireless fell 3 cent with 20,584 shares changing hands, to close at 48 cents. At the close the stock had 2,167,369 units on the bid at 48 cents. Caribbean Cement traded 35,389 shares at $7.80 to gain 10 cents, National Commercial Bank with 29,091 units changing hands, ended at $27.47 while losing $2.52. Sagicor Group with 173,580 shares trading, closed for 5 cents higher at $12.60, Scotia Group traded 21,500 shares to close with a loss of 1 cent at $23.90, Supreme Ventures had 31,600 shares changing hands at $3.40, for a loss of 34 cents and Proven Investments ordinary share traded 25,000 units at 22 US cents.

Filed Under: JSE Main Market Tagged With: Cable & Wireless, Caribbean Cement, National Commercial Bank, Proven Investments, Sagicor Group, Scotia Group, Supreme Ventures

NCB saves JSE from decline on Friday

September 18, 2015 by IC Insider.com

late rally in NCB stock price helped to recur JSE from a fall.

Late rally in NCB stock price helped to rescue JSE from a fall.

Trading in the main market saw low volumes for individual stocks as the main market indices rose moderately, thanks to gains in National Commercial Bank (NCB) late in the trading session thus reversing declines in prior to this trade with the stock closing at $29.99 up by $2.94 as only 1,460 units traded. At the end, 25 securities traded of which 8 stocks gained, 8 declined with 4,829,140 units, valued at $18,876,216 changing hands in all market segments.
The JSE Market Index rose 133.87 points to 96,895.19, the JSE All Jamaican Composite index climbed 149.62 points to 107,242.12 and the JSE combined index gained 131.79 points to end at 100,036.86.

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 were lower, indicative of advancing stocks should be ahead of declining ones on Monday.
In trading, Cable and Wireless fell 1 cent with 200,000 shares changing hands, to close at 51 cents, Carreras traded 8,000 shares at $49.99, Desnoes & Geddes traded 60,357 shares after to end at $7, Gleaner traded 26,150 units at $1.90, Grace Kennedy lost 50 cents in trading 1,060 shares to close at $64. Hardware & Lumber ended with 4,980 shares trading at $12.80, Jamaica Broilers with 11,000 units changing hands, ended at $6.20 while losing 30

cents, JMMB Group traded 527,208 units, the price fell 2 cents, to end at $7.80, Radio Jamaica ended with 14,445 units changing hands with a3 cents gain to end at $3.08. Sagicor Group with 6,589 shares trading, closed for 45 cents lower at $12.55, Scotia Group traded 27,614 shares to close gain 11 cents at $23.91, Supreme Ventures had 100,000 shares changing hands at $3.74, for a loss of 6 cents. Proven Investments ordinary share traded 171,659 units at 20 US cents, after rising 2 cents and Jamaica Money Market Brokers 7.5% preference share traded 225,500 units, to end at $2.01, after gaining 1 cent.

Filed Under: JSE Main Market, Stock Market Tagged With: Cable & Wireless, Desnoes and Geddes’, Gleaner, Grace Kennedy, H&L, Jamaica Broilers, National Commercial Bank, Proven, Proven Investments, Radio Jamaica, Sagicor Group, Scotia Group, Supreme Ventures

JSE drops again but 12 stocks rose 7 fell

September 17, 2015 by IC Insider.com

Trading in the main market saw low volumes for individual stocks as the main market indices slipped further by the close of the market. At the end, 24 securities traded of which 12 stocks gained, 7 declined with 1,909,715 units, valued at $23,590,989 changing hands in all market segments.
The JSE Market Index declined 213.17 points to 96,761.32, the JSE All Jamaican Composite index dropped 238.24 points to 107,092.50 and the JSE combined index lost only 77.94 points to end at 99,905.07.
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 15 stocks with bids higher than their last selling prices and 8 with offers that were lower, indicative of another day of high up and down price movements ahead.
In trading, Cable and Wireless gained 2 cents with 61,150 shares changing hands, to close at 52 cents, Carreras recovered $1.39 but with just 1,440 shares trading at $49.99, Desnoes & Geddes traded 56,700 shares after losing 20 cents to end at $7, Grace Kennedy gained $1 in trading 2,923 shares to close at $64.50, Hardware & Lumber dropped 20 cents with 13,910 shares trading at $12.80. Jamaica Broilers with 150,629 units changing hands, ended at $6.50 while gaining 60 cents, JMMB Group traded 19,168 units, the price fell 3 cents to end at $7.82, National Commercial Bank with 22,016 shares changing hands, closed at $27.05, having gained 5 cents. Sagicor Group with 84,069 shares trading, closed 20 cents higher at $13, Scotia Group traded 6,300 shares to close with a loss of 1 cent at $23.80, Proven Investments ordinary share traded 710,000 units at 20 US cents. Jamaica Money Market Brokers 8.75% preference share traded 175,000 units to end at a 52 weeks’ low of $2.80, after losing 5 cents and Proven Investments preference share traded 100,475 units at $5.

Filed Under: Stock Market Tagged With: Cable & Wireless, Desnoes and Geddes’, Grace Kennedy, H&L, Jamaica Broilers, JMMB Group, National Commercial Bank, Proven Investments, Sagicor Group, Scotia Group

NCB takes big bite off JSE indices

September 16, 2015 by IC Insider.com

NCB drops $3 to chop the JSE indices

At the end of trading there were a number of stocks with large price movements, including National Commercial Bank that dropped $3 and knocked a large amount off the main market indices. At the end, 26 securities traded as 12 stocks gained, 8 declined with 7,263,312 units, valued at $33,817,778 changing hands in all market segments.
The JSE Market Index dived 1,543.26 points to 96,974.49, the JSE All Jamaican Composite index dropped 1,724.67 points to 107,330.74 and the JSE combined index lost 1,556.88 points to end at 99,983.01.

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 14 stocks with bids higher than their last selling prices and 6 with offers that were lower, indicative of another day of up and down price movements ahead.
In trading, Cable and Wireless gained 2 cents with 561,804 shares changing hands, to close at 50 cents, Carreras dropped $1.39 but with just 1,685 shares trading at $48.60, Grace Kennedy traded firm at $63.50 with 9,153 shares, Hardware & Lumber dropped $4.50 with 5,000 shares trading at $13. Jamaica Broilers with 318,926 units changing hands, ended at $5.90 while gaining 5 cents, after it traded as high as $7 in the morning session, JMMB Group traded 87,809 units, the price rose 22 cents to end at $7.85,

Kingston Wharves had 86,000 units trading with a loss of 65 cents to end at $6.45, National Commercial Bank with 84,337 shares changing hands, closed at $27, having fallen $3, Sagicor Group with 161,067 shares closed 20 cents higher at $12.80, Scotia Group traded 81,117 shares to close with a loss of 4 cents at $23.81, Scotia Investments jumped $3.50 to $28 but with only 1,000 units, Proven Investments ordinary share traded 451,800 units at 20 US cents,Jamaica Money Market Brokers 7.25% preference share traded 421,747 units at $2.48 by losing 2 cents to end at a new 52 weeks’ low and Jamaica Money Market Brokers 7.50% preference share traded 52,000 units at $2.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Cable & Wireless, Desnoes and Geddes’, Gleaner, Grace Kennedy, H&L, Jamaica Broilers, Kingston Wharves, National Commercial Bank, Proven Investments, Sagicor Group, Scotia Group, Supreme Ventures

Sagicor X Fund in big trade on JSE

September 15, 2015 by IC Insider.com

Hotel property owned by Sagicor Real Estate Fund

At the end of trading Sagicor Real Estate X Fund traded 473.4 million units, trading between $6.95 and $7 with a value of $3.29 billion. A block of 473,414,000 units was crossed by Sagicor Investments on behalf of clients. At the end 8 stocks gained, 10 that declined in all market segments.
Market activity, on the Jamaica Stock Exchange picked up from moderate trading on Monday with only 21 securities trading and ended on Tuesday with 30 securities changing hands as 478,681,888 units, valued at $3,328,086,907 traded.
The JSE Market Index gained 336.73 points to 98,517.75, the JSE All Jamaican Composite index rose 376.31 points to 109,055.41 and the JSE combined index added 212.92 points to end at 101,539.89.
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 14 stocks with bids higher than their last selling prices and 7 with offers that were lower.
In trading, Cable and Wireless had 862,092 shares changing hands to close at 48 cents, Desnoes & Geddes traded 3,096,207 shares at $7.10 down 10 cents, Mayberry Investments ended with 178,500 units trading at $3 while gaining 19 cents, National Commercial Bank with

278,125 shares changing hands, closed at $30. Sagicor Group with 117,400 shares closed 40 cents lower at $12.60, Sagicor Real Estate Fund traded 473,418,735 units at $6.95, Radio Jamaica traded 11,085 shares to close at $3.05. Scotia Group traded 16,351 shares to close with a gain of 5 cents at $23.85, Scotia Investments ended with 13,666 shares trading 27 cents higher at $24.50, Supreme Ventures traded 9,440 shares but gained 10 cents in ending at $3.50, Proven Investments ordinary share traded 41,727 units at 19.9 US cents and Proven Investments preference share with 100,000 units traded closed at $5.

Filed Under: JSE Main Market, Stock Market Tagged With: Cable & Wireless, Desnoes and Geddes’, Mayberry Investments, National Commercial Bank, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Scotia Investments, Supreme Ventures

NCB is positioning to rally on JSE

September 14, 2015 by IC Insider.com

NCB’s new branch on Constant Spring Road Kingston.

At the end of trading National Commercial Bank (NCB) is getting ready to move with supply declining with only 6 offers posted, by three brokers reflecting a desire to sell less than 50,000 units in total. Supply is most likely more than the amount shown, normally the offers to sell would be much more than that now posted.
NCB is expected to report full year results to the end of September by the first week in November that is projected by IC Insider to exceed $5 per share.

Market activity was moderate, on the Jamaica Stock Exchange on Monday and ended with just 21 securities changing hands as 3,950,878 units, valued at $35,988,729 traded. At the end 6 stocks gained, compared to 7 that declined in all market segments, helping the indices to eke out some small gains.
JSE Market Index gained only 31.04 points to 98,181.02, the JSE All Jamaican Composite index rose just 34.68 points to 108,679.10 and the JSE combined index added 131.70 points to end at 101,326.97.
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 6 with offers that were lower, an indication that the sideways movement of the market should continue.
In trading, Cable and Wireless had 87,813 shares changing hands to close at 48 cents, Carreras traded 19,345 shares at $50, for a 17 cents loss, JMMB Group had 1,010,000 shares

changing hands at $7.69 after shedding 1 cent. Mayberry Investments ended with 108,159 units trading at $2.81 while gaining 10 cents, NCB with 633,190 shares changing hands, closed at $30. Sagicor Real Estate Fund traded 445,452 units at $6.95 while losing 55 cents. Supreme Ventures traded 40,015 shares but lost 50 cents in ending at $3.40, Jamaica Money Market Brokers 7.50% preference share traded 98,354 units at $2, Jamaica Money Market Brokers 8.75% preference share traded 19,143 units at $2.85 with a 3 cents loss and Proven Investments preference share with 480,050 units traded closed at $5 for a 10 cents gain.

Filed Under: JSE Main Market, Stock Market Tagged With: Cable & Wireless, JMMB, JMMB Group, Mayberry, National Commercial Bank, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Supreme Ventures

9 stocks rise 1 fell on JSE – early Tuesday

September 14, 2015 by IC Insider.com

Trading activities on the Jamaica Stock Exchange was again slow in the early morning session as buyers and sellers continue their stand-off. The market has so far traded 18 securities with a volume of 3,409,859 units, with only 1 stock declining and 9 rising.
Trading activity resulted small changes to the indices with the JSE Market Index rising 697.61 points to 98,878.63. The JSE All Jamaican Composite index gained 779.62 points to 109,458.72 and the JSE combined index rose 725.77 points to be at 102,052.74. The junior market inched up 7.52 points to 973.90.
The main trades so far are, Desnoes & Geddes traded 3,095,177 units at $7.50 while gaining 50 cents, Mayberry Investments 178,500 units at $3 while gaining 19 cents and Proven Investments ordinary share trades 38,977 units at 19.9 US dollars.