Proven Investments

Grace’s $160m trade on Monday

January 25, 2016 by IC Insider.com

Grace Kennedy traded 1.9m shares valued at $160m on Monday.

Main market of the Jamaica Stock Exchange closed with strong gains in the indices on Monday as Grace Kennedy traded 1.9 million units carrying a value of $160 million. The other big trade was in National Commercial Bank shares with over 2 million units changing hands with a value of $88.6 million.
Market activities slowed with only 33 securities changing hands in all market segments compared to recent levels around 40 or more per day for January. At the close of trading session, the combined index added 2,291 points with 13 securities in the combined markets gaining and 16 declining.
Three stocks closed at 52 weeks’ highs and two traded at intraday highs as 8,596,958 units valued at $285,106,122 changed hands in all markets. The junior market accounted for 1,200,794 units changed hands, valued at $ 5,249,310.
The JSE Market Index advanced by 2,618.88 points to 159,325.44 the all Jamaica Composite Index closed with a gain of 2,926.75 points to end at 177,011.46 and the JSE combined index rose 2,290.59 points to close at 170,337.74.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 12 stocks with bids higher than their last selling prices and 4 with lower offers.
At the end of the market activities, Barita Investments closed with 200,500 shares as the price lost 13 cents to end at $3.90. The company confirmed on Monday that they are on target to release the audited accounts to September last year, this week. Berger Paints closed with a loss of 29 cents at $3.31 as 337,791 units traded, Cable and Wireless ended with 415,800 units changing hands to close with a gain of 5 cents at $1.56, Caribbean Cement rose $2 to close at $24, with 425,288 shares changing hands. Carreras fell 55 cents in trading 1,956 shares at $62.50, Ciboney gained 3 cents in trading 200,555 shares at 27 cents, Gleaner traded 3,000 units with a gain of 27 cents at $2.67, Grace Kennedy shed $2 and closed at $82, with 1,949,435 units changing hands. Jamaica Broilers rose by 1 cent and closed at 52 weeks’ high of $13.51 with 80,536 shares changing hands. Jamaica Stock Exchange lost 3 cents to close at $19.67 while trading 5,740 shares, JMMB Group traded 1,042,305 units to end with a loss of 28 cents at $10.72. Kingston Wharves traded 30,400 units to close with a rise of 15 cents at $11.15, Mayberry Investments traded 8,450 shares and gained 15 cents to close at $4.85, National Commercial Bank traded with a loss of $3 to close at $40, with 2,199,601 units changing hands. Sagicor Group fell by 20 cents to close at $23.05 with 61,650 units changing hands, Scotia Group had 59,199 shares changing hands to close with a gain of $1.59 at $32, Scotia Investments had 30,814 units changing hands at $30, for a rise of $2. Sterling Investments traded 100,000 units with a loss of 10 cents to end at $12.90, Supreme Ventures traded at an intraday 52 weeks’ high of $6.50 but ended at $5.50 with 72,434 units changing hands, Proven Investments ordinary share traded 16,950 units at 22 US cents and JMMB 7.5% Preference share traded 151,000 units at $2.10 after losing a cent.

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

138 Student Living big Friday sale

January 22, 2016 by IC Insider.com

138 Student Living had 12.5m ordinary shares trading on Friday

138 Student Living traded 12.5 million shares valued at $66.25 million Friday on the Jamaica Stock Exchange with the stock ending at an all-time high of $5.30 after rising by 20 cents in a trading session that saw over 300 points being cut from the main market indices.
The number of securities changing hands remained high with 44 changing hands on Friday, in all market segments. At the close, 16 securities in the combined markets gained and 13 declined.
Five stocks closed at 52 weeks’ highs and two traded at intraday high as 17,493,274 units valued at $112,767,164 changed hands in all markets. The junior market accounted for 1,058,983 units changed hands, valued at $6,002,466.
The JSE Market Index fell by 318.51 points to 156,706.56 the all Jamaica Composite Index closed with a loss of 355.96 points to end at 174,084.71 and the JSE combined index declined 246.21 points to close at 168,047.15.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator declined from an elevated level on Thursday with the current reading of only 8 stocks with bids higher than their last selling prices and 2 with lower offers.
In trading, Barita Investments traded 10,000 shares and lost $1.97 to close at $4.03, Berger Paints closed at $3.60 as 107,349 units traded, Cable and Wireless ended with 205,751 units changing hands to close with a gain of 2 cents at $1.51, Caribbean Cement fell $2.50 to close at $22, with 223,713 shares changing hands. Carreras rose $3.05 in trading 15,369 shares at $63.05, for a new 52 weeks’ high, Ciboney lost 2 cents in trading 502,380 shares at 24 cents, Gleaner traded 15,000 units at a loss of 28 cents at $2.40, Grace Kennedy gained $3.50 and closed at $84, with 89,111 units changing hands. Jamaica Broilers closed at $13.50 with 260,019 shares changing hands. Jamaica Producers ended with 8,270 shares trading, to close at $31, Jamaica Stock Exchange rose 4 cents to close at $19.70 while trading 109,420 shares, JMMB Group traded 108,518 units to end with a loss of 1 cent at $11. Kingston Wharves traded 6,992 units to close at $11. Mayberry Investments traded 48,924 shares and lost 17 cents to close at $4.70. National Commercial Bank ended with a gain of $1.80 at $43 with 76,733 units changing hands, Pan Jamaican Investments closed at $96 with 4,382 shares trading. Radio Jamaica traded 405,020 shares but fell 60 cents to $4.20, Sagicor Group rose by $1.25 to close at $23.25 with 240,545 units changing hands, Scotia Group had 286,042 shares changing hands to close at $30.41, Supreme Ventures traded at an intraday 52 weeks’ high of $6 but ended at $5.50 with 983,022 units changing hands. Proven Investments ordinary share traded 113,047 units at 22 US cents, down by 0.99 US cents on Friday and Proven Investments preference share traded 104,100 units at $5.

Filed Under: JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Kingston Wharves, Mayberry Investments, National Commercial Bank, Pan Jamaican, Proven Investments, Sagicor Group, Scotia Group

JSE chilled on Wednesday

January 20, 2016 by IC Insider.com

Mayberry Investments traded 10.7 million shares

The Jamaica Stock Exchange continues to enjoy wide participation of securities with 42 changing hands on Wednesday in all market segments but with sharply higher value compared with recent trading days. At the close, 14 securities in the combined markets gained and 14 declined but price changes overall were moderate.
Three stocks closed at 52 weeks’ highs and two traded at intraday high as 26,456,207 units valued at $400,593,508 changed hands in all markets, Mayberry Investments traded 10.7 million units and the Jamaica Stock Exchange with 5.9 million units and 4 others trading over 1 million units each. The junior market accounted for 1,738,498 units, valued at $9,189,436.
The JSE Market Index eked out an increase of 71.84 points to 155,817.53, the all Jamaica Composite Index closed with an increase of 80.29 points to end at 173,091.18 and the JSE combined index rose by 42.84 points to close at 167,212.92.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reached an elevated level indicating several rising prices ahead with reading of 17 stocks with bids higher than their last selling prices and only 5 with lower offers.
In trading, Barita Investments traded 2,000 shares and gained 68 cents to close at $5.28, for a 52 weeks’ high. Berger Paints closed at $3.60 as the price slipped 10 cents with 1,808 units trading, Cable and Wireless ended with 897,000 units changing hands to close at $1.50, Caribbean Cement rose $3.48 to close at $25, with 16,132 shares changing hands. Carreras gained 1 cent in trading 38,550 shares at $61, Gleaner Company traded 29,321 units at $2.68, Grace Kennedy lost 48 cents and closed at $82.02, with 265,024 units changing hands. Jamaica Broilers closed at $12.51 with 46,648 shares changing hands to record a gain of 25 cents. Jamaica Producers had 24,840 shares trading, the price closed at $33.13 after trading at a 52 weeks’ intraday high of $33.18, Jamaica Stock Exchange rose 60 cents to close at $19.80 while trading 5,864,920 shares, JMMB Group traded 2,067,358 units to end with a loss of 3 cents at $11.80, Kingston Wharves rose 4 cents, in trading 3,665 units to close at $11.05. Margaritaville Turks traded 94,500 shares at 11 US cents. Mayberry Investments traded 10,687,021 shares and gained 2 cents to end at $4.87, National Commercial Bank ended with a fall of 10 cents at $40.90, with 6,160 units changing hands, Pan Jamaican Investments climbed $2 to close at $96 with 1,217,051 shares trading. Radio Jamaica traded 25,800 shares but fell 70 cents to $4.80, Sagicor Group declined by 40 cents to close at $21.60 with 230,143 units changing hands, Sagicor Real Estate Fund closed at $11.60 with 152,000 shares traded, Scotia Group rose 8 cents with 1,288,197 shares changing hands to close at $30.48. Scotia Investments lost 50 cents, with 200,115 shares changing hands to close at $28, Supreme Ventures lost 10 cents to end at $5.15 with 1,076,108 units changing hands after the price reached an intraday high of $5.50. Proven Investments ordinary share traded 52,900 units at 22.99 US cents, Proven Investments preference share traded 400,000 units at $8 and Jamaica Money Market 7.25% preference share traded 26,000 units with a gain of 34 cents, to end at $2.40.

Filed Under: JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, 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, Supreme Ventures

JSE had a sharp 4,000 point fall on Tuesday

January 19, 2016 by IC Insider.com

Scotia Group played a big part in the fall of the market on Tuesday

Trading levels on the Jamaica Stock Exchange continues to be buoyant with 45 securities changing hands on Tuesday in all market segments but with reduced value compared with recent past trading days. At the close 19 securities in the combined markets gained and 12 declined.
Six stocks closed at 52 weeks’ highs as 6,138,490 units valued at $58,183,086 changed hands in all markets, with the junior market accounting for 1,840,258 units changed hands, valued at $6,617,973.
The JSE Market Index dived 4,233.89 points to 155,745.69, the all Jamaica Composite Index is down with a fall of 4,731.62 points to end at 173,010.89 and the JSE combined index dipped by 3,935.84 points to close at 167,170.08.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reached an elevated level indicating several rising prices ahead with reading of 14 stocks with bids higher than their last selling prices and only 4 with lower offers.

In trading, Barita Investments traded 6,000 shares and gained 10 cents to close at $4.60, for a 52 weeks’ high, Berger Paints closed at $3.70 as the price rose 40 cents with 9,000 units trading, Cable and Wireless ended with 883,544 units changing hands to close with a gain of 7 cents at $1.50, Caribbean Cement traded with a fall of $2.97 and closed at $21.52 with 31,378 shares changing hands. Carreras gained 94 cents in trading 33,262 shares at $60.99, Ciboney traded 1,724,839 units to end at 24 cents, Desnoes & Geddes lost 40 cents to close at $28.60 with 186,241 shares, Grace Kennedy rose $2.29 and closed at $82.50, with 144,996 units changing hands. Jamaica Broilers closed at $12 with 110,225 shares changing hands to record a gain of 25 cents. Jamaica Producers had 27,828 shares trading as the price rose by 13 cents to $33.13, Jamaica Stock Exchange fell 80 cents to close at $19.20 while trading 29,810 shares, JMMB Group traded 237,056 units to end with a gain of 33 cents at $11.83, Kingston Wharves rose 4 cents in trading 3,665 units to close at $11.05,

Margaritaville Turks traded 120,594 shares at 11 US cents by rising 0.50 cents. Mayberry Investments traded 94,603 shares and gained 10 cents to end at $4.85. National Commercial Bank ended with a fall of 10 cents at $41, with 165,801 units changing hands. Pan Jamaican Investments fell 1 cent to close at $94 with 144,908 shares trading, Sagicor Group declined by 97 cents to close at $22 with 82,272 units changing hands. Sagicor Real Estate Fund gained 50 cents to close at $11.60 with 30,245 shares traded, Scotia Group fell 20 cents with 88,079 shares changing hands to close at $30.40, Supreme Ventures gained 13 cents to end at $5.25 with 56,950 units changing hands at a new 52 weeks’ closing high and Proven Investments ordinary share traded 44,410 units at 22.99 US cents, up from 21 US cents on Tuesday.

Filed Under: JSE Main Market, Stock Market Tagged With: Barita, Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Ciboney, Desnoes and Geddes’, 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, Supreme Ventures

JSE had a sharp jump on Monday

January 18, 2016 by IC Insider.com

Scotia Group once more pushed up the JSE indices with big gains on Monday.

Trading levels on the Jamaica Stock Exchange continues to be buoyant with 43 securities changing hands on Monday in all market segments but with reduced value compared with recent past trading days. At the close 23 securities in the combined markets gained and 15 declined.
Seven stocks closed at 52 weeks’ highs and 1 at intraday highs as 3,242,483 units valued at $29,602,537 changed hands in all markets, with the junior market accounting for 1,767,220 units changed hands, valued at $8,897,090.
The main market indices climbed sharply again as Scotia Group shot up to $34.99 in early trading, to help push up the indices by the big moves, but the indices could fall back on Tuesday The JSE Market Index climbed 3,705.74 points to 159,979.58, the all Jamaica Composite Index is down with a jump of 4,141.39 points to end at 177,742.51 and the JSE combined index surged by 3,281.87 points to close at 171,105.92.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reached an elevated level indicating several rising prices ahead with reading of 12 stocks with bids higher than their last selling prices and only 3 with lower offers.
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In trading, Barita Investments traded 12,000 shares and gained 10 cents to close at $4.50, for a 52 weeks’ high, Berger Paints closed at $3.30 as the price fell 45 cents with 27,730 units trading, Cable and Wireless ended with 166,850 units changing hands to close with a loss of 2 cent to $1.43. Caribbean Cement traded with an increase of 49 cents and closed at $24.49 with 26,583 shares trading. Ciboney traded 104,035 units with a fall 1 cent to end at 24 cents, Gleaner Company traded 4,573 shares and lost 2 cents to close at $2.68, Grace Kennedy closed at $80.21, with 5,653 units changing hands. Jamaica Broilers rose 25 cents to close at $11.75 with 34,714 shares changing hands. Jamaica Producers had 39,294 shares trading as the price rose by 70 cents to $33, Jamaica Stock Exchange closed at $20 while trading 26,333 shares, JMMB Group traded 287,100 units to end with a loss of 27 cents at $11.50. Kingston Properties traded 20,000 units and lost 24 cents to close at $6.80, Kingston Wharves lost 14 cents in trading 52,797 units to close at $11.01, Mayberry

Investments traded 101,452 shares and gained 5 cents to end at $4.75, National Commercial Bank ended with a rise of 59 cents at $41.10, with 51,157 units changing hands. Pan Jamaican Investments fell 5 cents to close at $94.01 with 15,238 shares trading. Radio Jamaica lost 50 cents in trading 11,303 shares to close at $5.50. Sagicor Group rose 17 cents to close at $22.97 with 16,782 units changing hands. Scotia Group rose 51 cents with 291,386 shares changing hands to close at $30.60 after trading earlier at $34.99, Supreme Ventures gained 42 cents to end at $5.12 with 171,360 units changing hands at a new 52 weeks’ closing high and Proven Investments ordinary share traded 32,550 units at 21 US cents, down from 22 US cents on Friday.

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

More decline for JSE on Friday

January 15, 2016 by IC Insider.com

JPS preference share rose $76 on Friday to $1,201.

Trading levels on the Jamaica Stock Exchange continues to be buoyant with 40 securities changing hands on Friday in all market segments. At the close 17 securities in the combined markets gained and 15 declined.
Eight stocks closed at 52 weeks’ highs and 3 at intraday highs as 6,458,590 units valued at $100,762,294 changed hands in all markets, with the junior market accounting for 2,572,307 units that changed hands, valued at $13,732,252.
While all main market indices fell the declines were less than on Thursday, with the JSE Market Index dropping 1,351.93 points to 156,273.84, the all Jamaica Composite Index falling with 1,510.87 points to end at 173,601.12 and the JSE combined index diving 1,405.00 points to close at 167,824.05.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reached an elevated level indicating several rising prices ahead with reading of 19 stocks with bids higher than their last selling prices and only 3 with lower offers.
In trading, Barita Investments traded 134,925 shares and gained 50 cents to close at $4.40, Berger Paints closed at $3.75 as the price rose 55 cents with 18,500 units trading, Cable and Wireless ended with 257,600 units changing hands to close with a gain of 1 cent to $1.45. Caribbean Cement traded more orderly on Friday, than it did on Thursday when there were wild price swings and closed today with an increase of $2 to $24 with 4,884 shares trading. Carreras fell 5 cents to end at $60 with 60,210 units changing hands, Gleaner Company traded 7,400 shares to gain 30 cents to close at $2.70, Grace Kennedy closed at $80.21, with 20,240 units changing hands. Jamaica Broilers fell $1.51 to close at $11.50 with 256,650 shares changing hands. Jamaica Producers had 3,570 shares trading as the price rose by 10 cents to $32.30, Jamaica Stock Exchange gained $1 and closed at a 52 weeks’ high of $20 while trading 200,000 shares, JMMB Group traded 83,100 units to end with a loss of 18 cents at $11.77. Kingston Wharves traded 8,341 units to close at $11.15, Margaritaville Turks came into its own after reporting profits of US$518,134 in the six months to November last year versus $279,000 in 2014. The stock traded 1,128,920 units at 10.5 US cents each. Mayberry Investments traded 327,979 shares and lost 2 cents to end at $4.70, National Commercial Bank ended with a loss of 99 cents at $40.51 with 257,266 units changing hands, Pan Jamaican Investments fell 9 cents to close at $94.06 with 8,528 shares trading.
138 Student Living Jamaica traded 985 shares at a 52 weeks’ high of $5.10, after rising by 35 cents, Radio Jamaica gained 40 cents in trading 32,400 shares to close at a 52 weeks’ high of $6. Sagicor Group fell 65 cents to close at $22.80 with 365,894 units changing hands, Scotia Group dropped $4.90 with 346,798 shares changing hands to close at $30.09, Scotia Investments recovered the $3.10 it lost on Thursday to close at $29.90 after 18,469 units traded. Seprod dropped $2.49 with 83,600 shares trading and closed at $18.51, Supreme Ventures gained 4 cents to end at $4.70 with 70,820 units changing hands, Proven Investments ordinary share traded 40,730 units at 22 US cents, down from 22.99 US cents.
Jamaica Public Service 9.5% preference share traded for the first time in months, with 33,000 units valued at $39,633,000 changing hands to close at a 52 weeks’ high of $1,201, for an increase of $76 and Proven Investments 8% preference shares traded 100,000 units at $5.

Filed Under: JSE Main Market, Stock Market Tagged With: Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Stock Exchange, Jamaican Stock, JPS, Kingston Wharves, Mayberry Investments, National Commercial Bank, Pan Jamaican, Proven Investments, Sagicor Group, Scotia Group, Seprod, Supreme Ventures, Trading Activity

49 securities traded as JSE gains big

January 13, 2016 by IC Insider.com

Scotia Group helped to push the main market indices sharply.

There was a high number of securities trading on the Jamaica Stock Exchange on Wednesday, with 49 being active in all market segments. At the close 24 securities in the combined markets gained and 9 declined. Six stocks closed at 52 weeks’ highs.
At the close, 9,739,157 units valued at $69,117,631 changed hands in all markets with the junior market accounting for 5,129,787 units, valued at $30,252,961.
Scotia Group help to push the main market indices sharply higher as it traded during the day at $35, with the index computed on an average price of $34.23, the stock last traded at $30.10. The JSE Market Index jumped 3,767.19 points to 160,847.44, the all Jamaica Composite Index made a sharp upturn with 4,210.06 points to end at 178,712.39 and the JSE combined index rose sharply by 3,534.70 points to close at 172,939.83.
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 traded 13,800 shares and fell 20 cents to close at $3.80, Berger Paints ended with 518,126 shares trading at $3.20, for a fall of 70 cents, Cable and Wireless ended with 1,543,691 units changing hands to close at $1.40, but traded as high as $1.50 before the close. Caribbean Cement gained 10 cents to end at $25.10 with 77,398 shares trading, the stock traded as high as $27.50 during the day. Carreras lost $1 to end at $60 with 94,600 units changing hands, Ciboney traded 72,323 shares at 25 cents, Gleaner Company traded 109,622 shares to close at $2.70, Grace Kennedy climbed back to $84, with a rise of $3.80, as 757 units changed hands. Jamaica Broilers gained 30 cents to close at $11.50 with 54,818 shares changing hands, for a new 52 weeks’ high. Jamaica Producers had 8,257 shares trading as the price inched up by 4 cents to $31.60, Jamaica Stock Exchange rose 18 cents to end at $19 while trading 29,100 shares, JMMB Group traded 147,734 units to end at $12, Kingston Wharves traded 13,400 units but lost 5 cents to close at $11.20.

Mayberry Investments traded 71,024 shares and gained 10 cents to end at $4.80, National Commercial Bank ended at $41.49 with 33,790 units changing hands, Pan Jamaican Investments rose 99 cents to close at $96 with 6,500 shares trading. Radio Jamaica traded 42,205 shares but closed $5.60. Sagicor Group gained of 50 cents to close at a 52 weeks’ closing high at $23.50 with 266,030 units changing hands, Sagicor Real Estate Fund traded 12,400 shares and lost 60 cents to end at $11, Scotia Group closed with 158,508 shares changing hands at $30.10, Scotia Investments gained $3.10 to close at $26,989 after 121,032 units traded. Seprod rose by $1 as it traded 6,037 units to end at $21, Supreme Ventures regained 3 cents to end at $4.66 with 114,784 units changing hands, Proven Investments ordinary share traded 523,177 units to end at 22.98 US cents and the companies 8 percent preference share traded 52,666 units at $5.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Ciboney, 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

Sharp drop in some prices on JSE

January 13, 2016 by IC Insider.com

Grace Kennedy fell $4.13 to $80.20.

The Jamaica Stock Exchange main market fell on Tuesday as Grace Kennedy, Scotia Group and Scotia Investments fell by more than $2, while JMMB Group and Pan Jam fell by nearly $1 but the junior market continued on its merry way to record yet another new high.
At the close, 9,739,157 units valued at $109,231,948 changed hands in all markets with the junior market accounting for 5,129,787 units, valued at $30,252,961.
The JSE Market Index declined by 696.34 points to 157,080.25, the all Jamaica Composite Index fell 778.20 points to end at 174,502.33 and the JSE combined index rose 225.21 points to close at 169,405.13.
Trading resulted in 44 active securities in all market segments as 14 in the combined markets gained and 19 declined. Six stocks closed at 52 weeks’ 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 14 stocks with bids higher than their last selling prices and 7 with lower offers.
In trading, Barita Investments traded 10,275 shares and added 5 cents to close at $4, Berger Paints ended with 199,897 shares trading at $3.90, for a rise of 21 cents. Cable and Wireless ended with 177,451 units changing hands to close at $1.40, Caribbean Cement ended at $25, with 138,475 shares trading, Carreras closed at $61 with 20,149 units changing hands. Ciboney traded only 198,400 shares with price falling 1 cent to 25 cents, Gleaner Company traded 118,100 shares to close at $2.70, Grace Kennedy fell sharply by $4.13 as 117,534 units changed hands at $80.30. Hardware and Lumber fell 50 cents with 7,000 units trading at $18, Jamaica Broilers gained 25 cents to close at $11.20 with 124,946 shares changing hands, for a new 52 weeks’ high, JMMB Group traded 666,056 units and fell 95 cents cents to end at $12, Kingston Wharves traded 23,575 units at $11.25.
Mayberry Investments traded 426,379 shares and gained 5 cents to end at $4.70, National Commercial Bank fell 2 cents to end at $41.49, with 163,857 units changing hands, Pan Jamaican Investments fell 99 cents to close at $95.01 with 109,010 shares trading. Radio Jamaica trade just 200 shares but closed with a gain of 10 cents to a 52 weeks’ high of $5.60, Sagicor Group closed at $23 with 109,760 units changing hands, Sagicor Real Estate Fund traded 9,000 shares at $11.60, Scotia Group lost $2.65 to close with 289,935 shares changing hands at $30.10. Scotia Investments dropped $2.22 to close at $26.80 after 61,048 units traded, Seprod traded 18,206 units and fell 60 cents to end at $20, Supreme Ventures fell 3 cents to end at $4.63 with 754,726 units changing hands and Proven Investments ordinary share traded 612,564 units to end at 21.75 US cents, down from 22.87 US cents.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Ciboney, 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

JSE main market stocks retreat on Friday

January 8, 2016 by IC Insider.com

JMMB Group closed at new 52 weeks’ high on Friday

Thirteen stocks closed at 52 weeks’ highs, as the Jamaica Stock Exchange’s main markets dipped but the junior market surged 8.7 percent to a new record high. Sharp gains in the three Lasco companies along with gains in 7 others, helped push the junior market index to it new heightened levels.
The JSE Market Index fell 361.01 points to 156,723.37, the all Jamaica Composite Index dropped 403.44 points to end at 174,103.51 and the JSE combined index rose 1,175.06 points to close at 166,676.48. At the close, 14,781,285 units valued at $108,053,355 changed hands in all markets with the junior market accounting for of 10,672,995 units changed hands, valued at $46,214,999. Trading was broad based with a total of 43 active securities in all market segments as 25 in the combined markets gained and 12 declined.

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 4 with lower offers.
In trading, Berger Paints ended with 362,381 shares trading at $3.20, for a fall of 50 cents. Cable and Wireless rose 8 cents, with 430,114 units changing hands to close at $1.40, Caribbean Cement dropped $5.45 to end at $21.05, with 90,201 shares trading, Carreras fell $1 and closed at $60 with 102,883 units changing hands. Ciboney traded only 32,159 shares with price rising 1 cent to 25 cents, Desnoes and Geddes traded 2,000 shares but closed at $29.01, Gleaner Company traded 255,400 shares with a gain of 10 cents to close at $2.70, Grace Kennedy closed with 154,940 units changing hands at $84. Hardware and Lumber traded 599,470 shares at $18.50, Jamaica Broilers fell 1 cent and closed at $10.75 with 462,348 shares changing hands, Jamaica Producers traded 121,252 shares to end at $31. JMMB Group traded 223,017 units and rose 36 cents to end at a 52 weeks high of $12.36, Kingston Wharves rose 25 cents in trading 62,559 units at $11.25, National Commercial Bank gained $1.55 to end at $43.05, with 10,886 units changing hands at a new 52 weeks’ closing high. Radio Jamaica had 153,706 shares trading 45 cents higher at $5.50.

Sagicor Group jumped 52 cents to close at a 52 weeks’ high of $23.03 with 464,643 units changing hands, Sagicor Real Estate Fund traded 66,500 shares but the price jumped $1.60 to $11.60. Scotia Group closed with 62,862 shares changing hands at 52 weeks’ closing high of $32 for a gain of $1.90, Scotia Investments fell by 85 cents to close at $29.05 after trading 10,000 shares, Supreme Ventures fell 6 cents to end at $4.60 with 166,144 units changing hands. Proven Investments traded 36,200 ordinary shares to end at 21.5 US cents after declining by 1.49 US cents, Jamaica Money Market Brokers 7.50% preference share traded 50,000 units for a gain of 2 cent to end at $2 and Proven Investments preference share traded 182,905 units to close at $5.

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

Another explosive day for Jamaican stocks

January 7, 2016 by IC Insider.com

Carib Cement closed at a new 52 weeks’ high on Thursday of $26.50.

Nine stocks traded to close at 52 weeks’ highs on Thursday as the Jamaica Stock Exchange’s junior and main markets exploded with the main market indices jumping between 2,832 and 3,371 points, as JMMB Group jumped to $12, Sagicor Group climbed to a new closing high of $22.51 and Scotia Group traded at an intraday high of $34.
The JSE Market Index surged 2,831.72 points to 157,084.38, the all Jamaica Composite Index soared 3,164.61 points to end at 174,506.95 and the JSE combined index leapt 3,371.69 points to close at 165,501.42.
At the close, 6,753,668 units valued at $75,464,922 changed hands in all markets with the junior market accounting for of 3,272,184 units changing hands, valued at $17,503,527. Trading was broad based with a total of 44 active securities in all market segments as 19 in the combined markets gained and 11 declined.
The main market seems on its way to 185,000 points level, the next major area of resistance having been moving well away from resistance around the 165,000 points level on the all Jamaica composite index. There is limited volume of stocks of some major companies on offer, suggesting that investors holding them see much higher prices ahead hence the need for buyers to increase their prices to obtain supply.

What appears to be an imbalance could well see the main market breaking the 185,000 points level before long. 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 4 with lower offers.
In trading, Berger Paints ended with 159,300 shares trading at $3.70, for a rise of 54 cents. Cable and Wireless fell 3 cents, with 154,380 units changing hands to close at $1.32, Caribbean Cement jumped $5.50 to end at a 52 weeks’ high of $26.50, with 90,670 shares trading, Carreras closed at $61 with 5,873 units changing hands. Ciboney traded only 1,200 shares with price falling 1 cent to 24 cents, Desnoes and Geddes traded 22,100 shares but closed at $29, mp-in-gleaners-q3-profits-by-70/”>Gleaner Company traded 264,000 shares at $2.60 with a 10 cents gain, Grace Kennedy closed with 4,033 units changing hands at $84.70. Jamaica Broilers rose 1 cent and closed at a 52 weeks’ high of $10.76 with 726,646 shares changing hands, Jamaica Producers traded 25,200 shares to end at $31 for a loss of 99 cents. JMMB Group traded 5,500 units and rose 90 cents to end at a 52 weeks high of $12, infrequently traded Kingston Properties had 43,707 units trading at $7.07, Kingston Wharves lost 40 cents in trading 155,819 units at $11.

Mayberry Investments gained 5 cents with 11,010 units changing hands at $4.40, National Commercial Bank lost 50 cents to end at $42, with 140,765 units changing hands. Radio Jamaica had 10,000 shares trading 5 cents higher at $5.05. Sagicor Group jumped 51 cents to close at a 52 weeks’ high of $22.51 with 819,266 units changing hands, Sagicor Real Estate Fund traded 120,708 shares but the price dropped $1 to $10. Scotia Group closed with 550,504 shares changing hands at $30.10 for a gain of 8 cents, but traded at an intraday 52 weeks’ high of $34. At the close, the lowest offer to sell was at $34 with 17,939 shares and 3,895 units at $39.99 as supply of the stock has dried up. Bids were at $30.10 and lower with relative low volumes. Supreme Ventures ended at $4.66 with 103,650 units changing hands and Proven Investments traded 34,600 ordinary shares to end at 22.89 US cents.

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