It’s official, NCB to buy into Guardian

NCB Cont sprng newIts now official National Commercial Bank (NCB) will be acquiring nearly 30 percent of Guardian Holdings subject to regulatory approvals, making them the largest shareholder in the Trinidad based company that was previously controlled by Jamaica Mutual Life.
The announcement now confirms IC Insider report earlier in the year, of NCB’s strong interest in the insurance group of companies. The move is in keeping with IC Insiders’ earlier understanding that both NCB and Proven Investments were targeting approximately 36 percent of Guardian, with the targets being – Tenetic Limited block of 35.84 million which, amounts to 15.46 percent of the company and Arthur Lok Jack’s direct holding of 6.29 percent or 14.59 million units. Arthur Lok Jack’s is listed as having a beneficial interest in Tenetic. Royal Insurance Trinidad, holds 22.33 million units or 9.63 percent and RBC Trust T&T controls 4.99 percent or 11.57 million shares. The release from the Guardian shareholders indicates that IFC who recently bought into Group is one of the sellers, with no mention of RBC.
The acquisition of Guardian, would be a complete reversal, returning the company to its Jamaican roots. Guardian was once majority owned by sold out their holding sometime before they ran into problems in Jamaica and folded. The Jamaican entities consider the company to be clean, well run and considerably undervalued. Guardian last traded in Trinidad at TT$13.90.
Guardian HoldingGuardian is primarily a Life Insurance company but also owns a general insurance arm. NCB operates, the well known OMNI Life Insurance Company. Part of the likely synergy in future, would be a merger of general insurance companies that both entities own, with Omni to be sold to the Life Insurance arm, resulting in economies of scale. The possibility exists that an expanded general Insurance company could be listed on the stock exchanges within the Caribbean thus spreading the risk associated therewith. Guardian’s profit attributable to equity shareholders for the nine months to September was $235 million down from $286 million for 2014.
Net Income from Insurance Activities grew by $80 million to $533 million from $453 million in 2014, however. Investment activities generated net income $527 million as against $629 million in 2014, a result significantly affected by the fair value losses of $66 million (2014 gains $27 million) that were occasioned by extreme market uncertainty during the month of September. IC Insider estimates that NCB could see profits rising around 40 cents per share for the 2016 financial year if the deal is finalized soon and on the assumption that the price is around the last traded price of the stock.

Bulls retreat on JSE – Friday

Carib Cement closed at a new 52 weeks' high on Friday.

Carib Cement closed at a new 52 weeks’ high on Friday.

The Jamaica Stock Exchange main market suffered another day of reversal in the indices on Friday. The market closed with a volume of 6,907,239 units valued at $34,171,808 changing hands, in all market segments. Activity took place in 37 securities, leading to 14 securities rising and 12 declining with 5 stocks ending at 52 weeks’ closing high but with just 1 from the main market.
The JSE Market Index lost 480.67 points to 140,626.96, the all Jamaica Composite Index fell 537.18 points to end at 156,113.73 and the JSE combined index declined 149.43 points to end at 147,291.47.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 8 stocks with bids higher than their last selling prices and 7 with lower offers.
JSE sum 27-11-15In trading, Cable and Wireless closed with 1,389,853 units changing hands at $1.52 after the price gained 9 cents, Caribbean Cement climbed 20 cents to end at a 52 weeks’ high of $19.20, with 75,115 shares changing hands, Carreras rose 90 cents to close at $56 with 13,048 units trading. Ciboney did not trade but had a bid to buy 125,000 units at 19 cents and just below, are bids between 16 cents and 18 cents to buy 2.38 million units. Desnoes & Geddes ended with 44,130 shares trading at $30, Gleaner traded 23,325 units at $1.95, Jamaica Broilers lost 60 cents as it traded 266,093 shares to close at $8. Jamaica Producers traded 18,661 shares to end at $31, JMMB Group lost 14 cents while trading 5,400 shares to close at $10.11. Kingston Wharves ended with 76,220 shares changing hands at $11.30 after losing 17 cents, JSE Fn Qts 27-11-15 National Commercial Bank closed with a loss of $1.19 as 105,766 shares changed hands to end at $36. Pan Jamaican Investments declined by $1 to end at $89 with 12,618 units changing hands. Pulse Investments traded 10,000 shares and ended at $2.50 after falling 50 cents, Sagicor Group fell 5 cents in trading 39,505 units to end at $16.65. Scotia Group had 19,600 shares changing hands and closed at $27, Supreme Ventures had 250,643 units changing hands but the price rose 10 cents to $4.80. Proven Investments ended at 22.9 US cents with 108,528 changing hands, Jamaica Money Market Brokers 7.50% preference share traded 75,000 units with the price ending at $1.80.

Bulls take charge of JSE on Thursday

Jamaica Producers closed at a new 52 weeks' high of $31 on Thursday.

Jamaica Producers closed at a new 52 weeks’ high of $31 on Thursday.

The Jamaica Stock Exchange main market suffered another day of reversal in the indices on Thursday, even as more stocks gained than declined. The market closed with a volume of 10,536,571 units valued at $65,677,281 changing hands, in all market segments.
Activity took place in 42 securities, leading to 22 securities rising and 10 declining with 4 stocks ending at 52 weeks’ closing highs and one stock closed at a 52 weeks’ low. The JSE Market Index rose 1,159.84 points to 141,106.63, the all Jamaica Composite Index climbed 1,296.19 points to end at 156,650.91 and the JSE combined index gained 1,523.05 points to end at 147,440.90.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 8 stocks with bids higher than their last selling prices and 7 with lower offers.
In trading, Cable and Wireless closed with 1,296,078 units changing hands at $1.42 and gained of 2 cents, Caribbean Cement climbed $1 to $19 with 250,137 shares changing hands, JSE sum 26-11-15 Carreras fell $3.90 to close at $55.10 with 5,319 units trading, Ciboney did not traded but had a bid to buy 400,000 at 17 cents and just below that are bids to buy 1.9 million units at 16 cents. Desnoes & Geddes ended with 67,000 shares trading at $30, Gleaner traded 105,270 units at $1.94, Jamaica Broilers traded 1,102,100 shares to close at $8.60. Grace kenned traded 70,834 units 40 cents higher at $75.50, Jamaica Producers jumped $2 while trading 8,779 shares to end at $31 for a 52 weeks’ high, The Jamaica Stock Exchange had 43,000 shares changing hands but fell 13 cents, to end at $13.15, JMMB Group rose 5 cents while trading 161,362 shares to close at $10.25. Kingston Wharves ended with 11,638 shares changing hands at $11.47, Mayberry Investments closed with 21,830 units trading with a gain of 50 cents and ended at $4.50, National Commercial Bank closed with a rise of 18 cent as 105,002 shares changed hands to end at $37.19. Pan Jamaican Investments dropped $5 to end at $90 with 6,531 units changing hands. Pulse Investments traded 20,000 shares and ended at $3 after falling 65 cents, Radio Jamaica ended at a 52 weeks’ high of $5.50, after rising 43 cents, with 11,610 units changing hands, Sagicor Group rose 20 cents in trading 239,919 units to end at $16.70. JSE Fn Qts 26-11-15 Scotia Group had 9,055 shares changing hands and closed with a rise of 65 cents at $27, Scotia Investments jumped $5.50 to $33.50 but with only 1,000 units changing hands, Supreme Ventures had 29,320 units changing hands but the price slipped 19 cents to $4.70. Proven Investments ended at 22.9 US cents with 108,528 changing hands, Jamaica Money Market Brokers 8.50% preference share traded 107,067 units with the price jumping $1.01 to end at $4.50 and Jamaica Money Market Brokers 8.75% preference share, traded 89,000 units at $2.65.

Jamaica stock market pulls back – Wednesday

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Pan Jam closed at a 52 weeks' high of $95 on Wednesday.

Pan Jam closed at a 52 weeks’ high of $95 on Wednesday.

The Jamaica Stock Exchange main market suffered another day of reversal in the indices on Wednesday, even as more stocks gained than declined. The market closed with activity in 39 securities, leading to a volume of 13,174,162 units valued at $94,116,248 changing hands, in all market segments.
A total of 18 securities rose and 10 declined with 5 stocks ending at 52 weeks’ closing highs and one stock closed at a 52 weeks’ low. The JSE Market Index declined 593.00 points to 139,946.79, the all Jamaica Composite Index lost 662.71 points to end at 155,354.72 and the JSE combined index fell by 902.50 points to end at 145,917.85.
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 8 with lower offers.
In trading, Berger Paints had 12,000 units changing hands at $3.70, Cable and Wireless closed with 1,325,036 units changing hands at $1.42 and gained of 2 cents. Caribbean Cement rebounded by $1.50 to $18 with 455,039 shares changing hands, Carreras closed at $59 with 18,454 units trading but by the close the stock was on offer at $56 to sell 37,012 units. JSE sum 25-11-15Ciboney had 1,186,460 units trading, to close at 16 cents for a 52 weeks’ high, but the stock closed with the bid at 16 cents to buy 1,813,540 shares as investor push to price up to levels not seen since 2004, when it traded at 32 cents. Desnoes & Geddes ended with 33,392 shares trading at $30, Jamaica Broilers traded 4,062,932 shares with the price rising 41 cents to close at $8.60. Jamaica Producers fell 82 cents while trading 5,000 shares to end at $29, The Jamaica Stock Exchange had 2,127 shares changing hands with a rise of 7 cents, to end at $13.28, JMMB Group fell by 62 cents while trading 33,991 shares to close at $10.20. Kingston Wharves ended with 10,720 shares changing hands at $11.47 for 2 cents decline, Mayberry Investments closed with 61,991 units trading with a fall of 80 cents and ended at $4, National Commercial Bank closed with a rise of 1 cent as 11,282 shares changed hands to end at $37.01.JSE Fn Qts 25-11-15 Pan Jamaican Investments jumped to a new 52 weeks’ high of $95 with 3,000 units changing hands, but at the close the stock was on offer at $90 with 6,268. Pulse Investments traded 30,000 shares and ended at $3.65 after trading at an intraday 52 weeks’ high of $3.67, Sagicor Group lost 50 cents in trading 905,656 units at $16.50 at the close, Sagicor Real Estate Fund ended with 1,176,791 shares trading with a rise of 25 cents at $10. Scotia Group had 97,148 shares changing hands and closed with a fall of 65 cents to $26.35 and Proven Investments ended at 22.9 US cents with 67,750 changing hands.

Indices fall across the board at JSE – Friday

Kingsley Cooper Chairman of Pulse - the company's stock closed at a new 52 weeks' high of $3 on Friday.

Kingsley Cooper Chairman of Pulse – the company’s stock closed at a new 52 weeks’ high of $3 on Friday.

The Jamaica stock market continued its bullish run but with more stocks falling than rising on Friday. The market closed with activity in 41 securities, leading to 10,580,654 units valued at $91,422,843 changing hands, in all market segments. A total of 21 securities rose and 14 declined with 4 stocks ending at 52 weeks’ closing highs.
The JSE Market Index dropped 1,705.59 points to 139,748.01, the all Jamaica Composite Index dived 1,828.45 points to end at 155,132.57 and the JSE combined index declined by 1,636.11 points to end at 146,548.58.
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 only 7 stocks with bids higher than their last selling prices and none with lower offers.
In trading, Barita Investments closed with 238,852 shares trading to at $4, Cable and Wireless closed with 1,644,431 shares changing hands and 4 cents to close at $1.59, after trading at a high for the day of $1,64, Caribbean Cement traded 79,075 shares JSE sum 20-11-15changed hands at $16.50 with a loss of $1, Carreras gained 95 cents to end at $57, with 21,592 units trading. Desnoes & Geddes ended with 113,325 shares trading at $30, Gleaner traded 58,166 shares at $1.90, Grace Kennedy traded 4,563 shares and closed with a gain of 50 cents at $75, Jamaica Broilers traded 241,910 shares to close at $8.49 and lost 26 cents. Jamaica Producers rose $1.76 while trading 75,712 shares at $26.50, The Jamaica Stock Exchange gained 25 cents in trading 17,835 shares, to end at $13.50, JMMB Group rose by 11 cent while trading 192,697 shares to close at $10. Kingston Wharves ended with 19,500 shares changing hands at $11.25, Mayberry Investments closed with 115,000 units trading for 5 cents higher at $4.40, National Commercial Bank closed with a fall of $1.94 as 1,365,817 shares changed hands to end at $37.01, Pan Jamaican Investments traded 12,955 shares at $88.25 for a loss of 5 cents, JSE Fn Qts 20-11-15Pulse traded 91,500 shares at a new 52 weeks’ closing high of $3 as the price gained 50 cents, after trading at $3.20. Sagicor Group lost 7 cents in trading 170,002 units at $16.55 at the close, Sagicor Real Estate Fund ended with 239,750 shares trading at $10. Scotia Group ended with 153,444 shares changing hands, closed with a fall of 89 cents to end at $26.31, Scotia Investments lost $1 and ended at $27 with 30,000 shares changing hands, Seprod rose 1 cent to $18.51 with 13,250 shares trading and Supreme Ventures ended at $4.75 after falling 2 cents with 35,500 shares.

JSE ends with 15 up & 19 down – Thursday

NCB ended at a new closing high

NCB ended at a new closing high

The Jamaica stock market continued its bullish run on Thursday but with more stocks falling than rising. The market closed with activity in 41 securities, leading to 10,580,654 units valued at $130,174,516 changing hands, in all market segments. A total of 15 securities rose and 19 declined with 4 stocks ending at 52 weeks’ closing highs.
The JSE Market Index climbed 1,131.62 points to 141,384.12, the all Jamaica Composite Index rose 1,264.65 points to end at 156,961.02 and the JSE combined index gained by 862.81 points to end at 148,254.17.
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 19 stocks with bids higher than their last selling prices and 5 with lower offers.
JSE sum 19-11-15In trading, Barita Investments closed with a loss of 50 cents with 30,000 shares trading to at $4, Cable and Wireless closed with 3,901,081 shares changing hands and declined 11 cents to close at $1.55, after trading at a high for the day of $1,80, Carreras lost 95 cents to end at $56.05, with 6,412 units trading. Ciboney traded 150,077 shares changed hands at 13 cents, Desnoes & Geddes ended with 415,690 shares trading at $30, Grace Kennedy traded 30,840 shares and closed with a fall of 5 cents at $74.50, Jamaica Broilers traded 146,769 shares to close at $8.75. Jamaica Producers rose $2.23 while trading 15,000 shares at $24.74, The Jamaica Stock Exchange lost 25 cents in trading 27,035 shares, to end at $13.25, JMMB Group lost 1 cent while trading 20,300 shares to close at $9.89. Kingston Wharves ended with 120,385 shares changing hands at $11.20 after falling 27 cents, Mayberry Investments closed with 251,020 units trading for 65 cents lower at $4.35, JSE Fn Qts 19-11-15National Commercial Bank closed with a rise of $1.95 cents as 17,842 shares changed hands to end at $38.95 for a new closing 52 weeks’ high. Sagicor Group lost 3 cents in trading 509,550 units at $16.62 at the close. Scotia Group ended with 83,180 shares changing hands, closed with a rise of 15 cents to end at $27.20. Scotia Investments gained 50 cents and ended at $28 with 500 shares changing hands, Seprod rose 70 cents to $18.50 with 1,200 shares trading, Supreme Ventures ended at $4.77 after falling 23 cents with 9,555 shares changing hands and 3 million units of Proven Investments changed hands at 22.9 US cents.

JSE main market closes at new high

Cable & Wireless HQ - The company's stock traded at a  high of  $1.87 on Tuesday

Cable & Wireless HQ – The company’s stock traded at a high of $1.87 on Tuesday

The Jamaica stock market continued its bullish run but with slightly more stocks rising than declining. The market closed with activity in 39 securities, leading to 12,548,183 units valued at $127,385,981 changing hands, in all market segments.
A total of 18 securities rose and 16 declined with 6 stocks ending at 52 weeks’ closing high and 2 at intraday high.
The JSE Market Index climbed 1,390.00 points to 139,692.07 the all Jamaica Composite Index gained 1,553.41 points to end at 155,070.06 and the JSE combined index rose by 1,236.54 points to end at 146,425.30.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 11 stocks with bids higher than their last selling prices and one with a lower offer.
In trading, Cable and Wireless closed with 2,128,091 shares changing hands, after rising 40 cents to close at a 52 weeks’ high of $1.80 but after trading at $1.86, JSE sum 17-11-15Carreras fell 94 cents to end at $56.06 with 86,869 units trading, Ciboney traded 31,000 shares at 12 cents and ended with a bid to buy 2,263,800 shares at 12 cents. Desnoes & Geddes ended with 63,357 shares trading at $30.02, Gleaner Company traded at 391,191 shares and gained 1 cent to end at $1.92, Grace Kennedy traded 767,772 shares and closed with loss of 29 cents at $74.01, Jamaica Broilers traded 147,050 shares to close at $8.80 with a gain of 1 cent. Jamaica Producers lost 99 cents while trading 4,924 shares at $24.01, The Jamaica Stock Exchange lost $1.50 in trading 75,600 shares, to end at $12, JMMB Group lost $1.39 while trading 198,116 shares to close at $8.51. Mayberry Investments gained 70 cents and closed with 4,310,131 units trading to close at a 52 weeks’ high of $5, but with only 200 shares trading at $5, and 1,020 at $4.65 with the rest all trading below $4.50. National Commercial Bank closed with a rise of 56 cents as 218,184 shares changing hands to end at $36.56, after trading at an intraday high of $38. JSE Fn Qts 17-11-15Pan Jamaican Investment closed at $88.27 after trading 43,522 shares to gain 4 cents, Pulse Investments traded 108,658 shares with a rise of 20 cents to close at $2, Radio Jamaica traded at $5 after 26,867 shares changed hands, Sagicor Group gained 14 cents in trading 271,321 units at $16.57 at the close. Scotia Group ended with 105,854 shares changing hands, closed with a fall of 17 cents at $26.33, Scotia Investments lost 48 cents and ended at $27.02 with 17,800 shares changing hands, Seprod rose 2 cents to $15.95 with 24,855 shares trading and Supreme Ventures ended at $4.75 after losing 5 cents with 65,893 shares changing hands.

JSE main market slips on Monday

S VL closed at a new high on Monday.

S VL closed at a new high on Monday.

The Jamaica stock market started the week with moderate losses in the indices on Monday but investors continue to respond positively to the release of company results that have generally been very took some profit with more stocks falling than rising.
The market closed with activity in 41 securities, leading to 9,839,984 units valued at $50,044,573 changing hands, in all market segments. A total of 15 securities rose and 12 declined with 4 stocks ending at 52 weeks’ closing high and 2 at intraday high.
The JSE Market Index fell 140.31 points to 138,302.07 the all Jamaica Composite Index declined 156.81 points to end at 153,516.65 and the JSE combined index eased by 20.44 points to end at 145,188.76.
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 2 with lower offers.
JSE sum 16-11-15 In trading, Barita Investments closed with a gain of 15 cents to $3.80 with 1,000 shares trading, Cable and Wireless close with 1,304,419 shares changing hands to close at $1.40 after rising to $1.49 in early trading. With the company’s parent having announced today that it has agreed to accept an offer from Liberty Global for the shares of CWC Plc interest could well build again in the local stock. Carreras rose $1 to end at $57 with 17,200 units trading, Ciboney gained 2 cents in closing at a 52 weeks’ high of 12 cents, Desnoes & Geddes ended with 269,196 shares trading at $30.02, Gleaner Company traded at 562,609 shares and gained 1 cent to end at $1.91. Jamaica Broilers traded 12,290 shares to close at $8.79 with a gain of 4 cents, JMMB Group lost 90 cents while trading 1,028,832 shares to close at $9.90. Mayberry Investments lost 4 cents and closed with 369,000 units trading with a loss of 5 cents at $4.30, National Commercial Bank close with 118,880 shares changing hands to end with a rise of $1 at $36 after trading at an intraday high of $37. JSE Fn Qts 16-11-15Pulse Investments traded 229,058 shares with a decline of 20 cents for a close of $1.80, Sagicor Group lost 2 cents in trading 482,103 units at $16.43 at the close, Scotia Group ended with 8,029 shares changing hands, closed with a rise of 39 cents at $26.50. Supreme Ventures ended at a 52 weeks’ high $4.80 after adding 15 cents with 47,709 shares changing hands and Proven Investments ordinary share gained 2 US cents and ended at 23 US cents with 18,934 units changing hands. Jamaica Money Market Brokers 7.50% preference share traded 220,500 units at $2, Jamaica Money Market Brokers 8.50% preference share traded 1,313,000 units and ended at $3.49 with a gain of 4 cents.

JSE closes out week on moderate note

Heavy trading in Jamaica Broilers stock on Friday

Heavy trading in Jamaica Broilers stock on Friday

The Jamaica stock market closed the week with moderate gain in the indices on Friday but investors continue to respond positively to the release of company results that have generally been very strong. The market closed with activity in 35 securities, leading to 14,201,782 units valued at $103,704,776 changing hands, in all market segments.
A total of 12 securities rose and 14 declined with 5 stocks ending at 52 weeks’ closing high and 1 at intraday high. The JSE Market Index rose 78.92 points to 138,442.38 the all Jamaica Composite Index gained 88.20 points to end at 153,673.46 and the JSE combined index increased by 147.12 points to end at 145,209.20.
Several companies released results to September, after trading closed and could impact both the junior and main market next week.
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 2 with lower offers.
JSE sum 13-11-15In trading, Barita Investments closed at $3.65 with 31,148 shares trading, Cable and Wireless enjoyed good volume as investors’ interest in the stock continues to build, at the close the stock lost 5 cents, with 5,313,495 shares changing hands to close at $1.45. On offer were 626,747 shares at $1.50 with bid in at $1.41 to buy just 30,330 units. Caribbean Cement closed at $17.80, with 356,811 shares changing hands. Carreras rose 50 cents to end at $56 with 82,273 units trading, Jamaica Broilers traded 5,701,221 shares to close at $8.75, Jamaica Producers traded 12,412 shares to end at $25. Jamaica Stock Exchange declined by 10 cents as it traded 12,500 shares at $13.90, JMMB Group lost 20 cents while trading 20,022 shares to close at $10.80, Mayberry Investments lost 4 cents and closed with 283,943 units trading at $4.35, JSE Fn Qts 13-11-15National Commercial Bank closed with 116,005 shares changing hands to end with a rise of 50 cents at $34.50. Pan Jamaican rose 13 cents in trading 108,407 shares to end at $88.23, Pulse Investments traded 115,790 shares with a rise of 28 cents for new 52 weeks’ closing high of $2. Scotia Group ended with 290,683 shares changing hands and closed with a loss of $1.64 at $26.11, Supreme Ventures ended with 909,532 shares changing hands at $4.65 after falling 5 cents and Proven Investments ordinary share dropped 1 US cents and ended at 21 US cents with 33,563 units changing hands.

Profit results help rally Jamaican stocks

JSE sign & Bld The Jamaica stock market made further gains on Thursday as investors continue to respond positively to the release of company results. The market closed with activity in 41 securities, leading to 16,060,816 units valued at $115,028,197 changing hands, in all market segments. A total of 14 securities rose and 11 declined with 5 stocks ending at 52 weeks’ closing high and 1 at intraday high.
The JSE Market Index rose 466.62 points to 138,363.46, the all Jamaica Composite Index gained 521.47 points to end at 153,585.26 and the JSE combined index increased by 704.78 points to end at 145,062.08.
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 none with lower offers.
JSE sum 12-11-15In trading, Berger Paints closed at $3.80 with 36,600 shares trading, Cable and Wireless lost 5 cents, with 1,954,862 shares changing hands to close at $1.45. On offer were 4,120,449 shares at $1.50 with bid in at $1.45 to buy just 1,972 units. Caribbean Cement fell 20 cents to end at $17.80 with 339,495 shares changing hands. Carreras dropped 1 cent to end at $55.50 with 45,965 units trading, Gleaner traded 58,700 units at $1.90, Grace Kennedy closed at $74.97 after shedding by 3 cents with 162,604 shares changing hands, Jamaica Broilers traded 516,635 shares to close at $9.25. Jamaica Producers traded 20,776 shares as the price dropped $4 to end at $25, Jamaica Stock Exchange traded 10,500 shares at $14, JMMB Group closed 26,000 shares trading at $11. Mayberry Investments closed with 675,799 units trading at $4.39 with a loss of 1 cent,JSE Fn Qts 12-11-15 National Commercial Bank close with 357,912 shares changing hands to end with a rise of 50 cents at $34.50, Pan Jamaican rose 5 cents in trading 70,486 shares to end at $88.10. Pulse Investments traded 44,369 shares with a rise of 22 cents for new 52 weeks’ closing high of $1.72, Radio Jamaica closed 10 cents higher with 117,214 units at $5, Sagicor Group traded at $16.26 with 541,857 shares changing hands and lost 25 cents. Scotia Group ended with 196,030 shares changing hands and closed with a gain of 85 cents at $27.75, Supreme Ventures ended with 8,006,732 shares changing hands at $4.70 and Proven Investments ordinary share rose 1.2 US cents and ended at 23 US cents with 65,812 units changing hands.