Proven

JSE suffers set back in forward move

September 21, 2017 by IC Insider.com

JMMB Group inching higher on limited supply of stocks.

Large fall in the prices of are Caribbean Cement, Carreras and Scotia Group push the market down appreciably on Thursday and strong gains in PanJam Investment and JMMB Group could only dent the fall.
At the close of market activity, Berger Paints gained of 25 cents and closed at $11.25 with 148,982 shares, Cable and Wireless closed at $1.01, having lost 9 cents with 117,235 shares changing hands, Caribbean Cement with a loss of $2.20 at $25.80 with 30,123 shares, Carreras traded $1.20 lower to $10.80 with 1,217,220 shares, Ciboney Group exchanged 367,400 shares at 16 cents, Grace Kennedy gained 49 cents to settle at $43.50 with 11,300 units. Jamaica Producers advanced $1, to $16 in exchanging 34,495 shares, Jamaica Stock Exchange closed with gains of 5 cents, at $6.50 with 1,379 units, JMMB Group ended at a 52 weeks’ closing high of $23, after adding $1, trading 16,843 shares. Kingston Wharves traded at $29.50 with the exchange of 1,740 units, Mayberry Investments lost 1 cent, closing at $4.69 with 298,018 shares, NCB Financial traded 49 cents lower to $88.50 with 35,806 shares, 138 Student Living exchanged 20,000 shares at $4.75, while 1834 Investments gained 4 cents to close at $1.44 with trades of 6,520 units. PanJam Investment jumped $3.50 to $39 with 61,275 shares, Pulse Investments gained 23 cents to close at $1.65, with 12,581 shares, Radio Jamaica added 1 cent, in closing at $1.12 trading 305,416 shares, Sagicor Group closed with a loss of 52 cents at $34 with 4,550 units, Sagicor Real Estate Fund declined 39 cents in closing at $10.61 with 10,000 shares, Salada Foods traded 3,316 units at $8, Scotia Group plunged $4.90 to $46.10, in exchanging 117,999 shares, Scotia Investments closed at $37 with 30,453 shares, Seprod ended with a loss of $1 at $33 with 500 units, Supreme Ventures exchanged 131,400 shares at $10.85. Margaritaville Turks US ordinary shares closed at 30 US cents trading 5,500 units, Proven Investments US ordinary shares traded 13,000 units at 24 US cents, JMMB Group US 6% preference share closed at US$1.12 with 7,280 units and Proven 8.25% cumulative redeemable preference share lost 5 cents to close at $5.25 with 20,000 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, 1834 Investments, Berger Paints, Cable and Wireless, Caribbean Cement, Carreras, Ciboney Group, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Margaritaville Turks, Mayberry Investments, NCB Financial Group, PANJAM Investment, Proven, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate X Fund, Salada Foods, Scotia Group, Scotia Investments, Seprod, Supreme Ventures, Trading Activity

JSE rise on modest trading – Wednesday

September 20, 2017 by IC Insider.com

Carreras jumped to a record close of $12.

In modest trading on the Jamaica Stock Exchange on Wednesday, the prices of 10 stocks rose and 5 fell in the main and US dollar markets, leading to gains in the main market indices, the third consecutive day of increase.
Cigarette distributor, Carreras fresh from a 10 for 1 stock split, traded at a new 52 weeks’ high of $12 at the close while JMMB Group hit an intraday 52 weeks’ high of $23.70 before pulling back to $22 by the close as supply to sell is very limited and should pave the way for upward push in the price in the days or weeks ahead.
At the close of market activity, Berger Paints closed at $11, the last price the stock traded at, after hitting a high of $12.20 and ending with 129,140 shares changing hands. Cable and Wireless gained 5 cents to close at $1.10 with 111,500 units, Carreras closed at a record $12, after gaining 50 cents with 1,134,465 shares, Grace Kennedy advanced $1, settling at $43.01 with 4,332 units. Jamaica Broilers lost 29 cents and closed at $15.75, with 12,130 shares, Jamaica Producers lost 1 cent, closing at $15 in exchanging 18,700 stock units, Jamaica Stock Exchange rose 10 cents to $6.45 with 1,000 units, JMMB Group closed at $22, after gaining $1 and trading 20,959 shares. Kingston Wharves dropped $2.50 to close at $29.50 with 1,000 units having been exchanged, NCB Financial Group traded 99 cents lower to $88.99 with 34,831 shares. PanJam Investment remained at $35.50 with trades of 2,100 units, Pulse Investments closed at $1.42, gaining 2 cents with 183,000 shares, Radio Jamaica with gains of 6 cents, closed at $1.11, in trading 11,000 stock units, Sagicor Group added 2 cents, ending at $34.52 with 8,333 units changing hands, Salada Foods traded 88,783 shares at $8, Scotia Group closed at $51, exchanging 16,194 units, Seprod added $1 to close at $34 with 1,500 shares, Supreme Ventures closed 15 cents lower to $10.85 in exchanging 3,703 units. Productive Business Solution US ordinary shares closed at 65 US cents, trading 540 units, Proven Investments US ordinary shares traded 397 units at 23.99 US cents, JMMB Group 7.5% preference share closed at $1.19, gaining 4 cents with 26,540 stock units and Proven 8.25% cumulative preference share closed at $5.50 with 17,500 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Cable and Wireless, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, NCB Financial Group, PANJAM Investment, Productive Business Solution, Proven, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Bank Jamaica, Sagicor Group, Salada Foods, Scotia Group, Seprod, Supreme Ventures, Trading Activity

High price movements on Monday

September 18, 2017 by IC Insider.com

NCBFG jumped $8.94 to $89 on Monday.

On a day of low trading activity 4 securities were dominant by movement in their prices on the main market of the Jamaica Stock Exchange as the market posted sizable gains in the indices.
Carreras rose 45 cents in closing at $11.25 with 205,850 shares after the 10 for 1 stock split, recently approved by shareholders. NCB Financial Group jumped $8.94 to $89 and Scotia Group recovered $4.95 of the loss on Friday to end at $50 and Caribbean Cement climbed $2.50 to $30.
At the close of market activity, Berger Paints slipped 50 cents to close at $11 with 60,411 shares, Cable and Wireless closed at $1.08, losing 2 cents with 146,795 stock units, Caribbean Cement advanced $2.50 to $30 with 2,000 units, Carreras rose 45 cents and closed at record high of $11.25 with 205,850 shares after the stock split, Ciboney Group lost 1 cent, trading 93,564 shares, closing at 16 cents, Grace Kennedy lost 50 cents and ended at $43 with 1,479 units. Jamaica Broilers gained 90 cents, closing at $16.90 with 42,927 shares, Jamaica Producers traded 205 units at $16, Jamaica Stock Exchange with gains of 65 cents, in closing at $7 with 1,370 units, JMMB Group closed at $21 exchanging 154,472 shares after trading as high as $23 in the morning session. Kingston Wharves ended with a loss of 40 cents at $32 with 3,142 units, Mayberry Investments gained 28 cents, in closing at $4.50 with 10,000 shares, NCB Financial Group traded $8.94 higher to $89 while exchanging 163,270 shares, 1834 Investments closed at $1.30 with 2,614,586 shares. PanJam Investment fell 43 cents, to close at $34.07 with 6,675 units, Pulse Investments closed at $1.70, losing 10 cents with 129,552 shares, Sagicor Group traded 29,148 stock units at $34, Sagicor Real Estate X Fund rose 2 cents, and closed at $10.62 with 3,000 units, Scotia Group closed $4.95 higher to $50 while exchanging 49,759 shares, Scotia Investments slipped 30 cents to $37 with 24,700 shares, Seprod exchanged 12,869 shares at $29.25 and Supreme Ventures closed 39 cents lower at $11.10 with 150,730 units. Productive Business Solution US ordinary shares closed at 65 US cents after gaining 5 cents trading 2,000 units, JMMB Group US 6% preference share traded 4,380 units at US$1.12, Jamaica Money Market Brokers 7.25% preference share closed at $2.50 with 13,600 units, Jamaica Money Market Brokers 7.5% preference share exchanged 645,775 units at $2 and Proven 8.25% cumulative redeemable preference share closed at $5.50 with 1,200 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 1834 Investments, Berger Paints, Cable and Wireless, Caribbean Cement, Carreras, Ciboney Group, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Productive Business Solution, Proven, Pulse Investments, Sagicor Bank Jamaica, Sagicor Group, Sagicor Real Estate X Fund, Scotia Group, Scotia Investments, Seprod, Supreme Ventures, Trading Activity

Major end of month JSE moves

August 31, 2017 by IC Insider.com

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Supreme Ventures closed at record high of $12 on Thursday.

In an active day of market activities, 29 securities traded with Scotia Group hitting a record high of $50 ahead of the third quarter results due for release within a week and Supreme Ventures (SVL) closed at a high of $12 on the Jamaica Stock Exchange
Investors continue to respond positively to SVL half year results that rose 41 percent but Sterling Investments dropped to a 52 weeks’ low of $12.75.
Elsewhere in the main market overvalued Jamaica Producers traded 1,082,752 shares to close at $15.99 after adding 5 cents and 138 Student Living gained 30 cents to close at $5.45 with 1,589,048 shares. Productive Business Solutions that went to the public to raise fresh capital had the US dollar ordinary shares and the preference shares were listed at the start of the day but there was no trading in them.

PBS shares were listed on Thursday.

At the close of the market, the volume of securities trading and their last traded price are, Barita Investments with a loss of 95 cents, closed at $8.05 with 20,000 shares, with investors interest wanes pending the announcement of the offer to acquire to acquire majority shares. Berger Paints closed $2.70 lower to $13.10 with 99,115 shares, after the new majority owner released an underwhelming of $10.88 before trading cost, to acquire the minority shares. Cable and Wireless closed at $1 with 415,972 shares, Caribbean Cement traded $2 lower to $27 with 33,000 shares, Carreras shed 50 cents to $108 with 50,214 shares, Grace Kennedy added 48 cents to close at $41.98 with 21,669 shares. Jamaica Broilers gained 80 cents, to end at $19 with 132,533 shares, Jamaica Stock Exchange dipped 50 cents to $5.85, with 16,413 shares, JMMB Group rose 5 cents and closed at $21 with 64,023 shares. Kingston Properties closed at $7.20, in losing 30 cents with 12,000 shares,Kingston Wharves traded $1.15 lower to $30.85 with 16,437 stock units, Mayberry Investments lost 10 cents, in closing at $4.50 with 121,180 shares, NCB Financial Group climbed $1.44 to close at $88.99 with 215,240 shares, 1834 Investments exchanged 1,200 shares at $1.30, PanJam Investment ended with a loss of $2.49 at $32.01 with 44,860 shares.

Pulse Investments gained 4 cents, closing at $1.99 with 4,826 shares, Radio Jamaica closed at $1.22 with 1,000 shares, Sagicor Group closed at $31.80 with gains of 20 cents trading 44,472 units, Sagicor Real Estate fund ended at $12.05, after gaining 5 cents with 500 shares, Salada Foods dropped $2 to $8 with 100,000 shares, Scotia Group advanced $3 to $50 with 75,994 shares, Scotia Investments eased 1 cent to $35.50 with 200 shares, Seprod traded 2,500 shares at $33, Sterling Investments declined $1.25 to $12.75 with 2,000 shares, Supreme Ventures closed at $12, gaining $1.01 with 114,906 shares. Margaritaville Turks US ordinary shares closed at 30 US cents with 1,000 units, Proven Investments US ordinary shares closed at 24 US cents with 51,749 units, Jamaica Money Market Brokers 7.5% preference share with gains of 15 cents, closed at $2 with 745,140 units and Proven 8.25% cumulative redeemable preference share gained 40 cents to close at $5.50 with 21,000 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, 1834 Investments, Barita Investments, Berger Paints, Cable and Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Margaritaville Turks, Mayberry Investments, NCB Financial Group, PANJAM Investment, Productive Business Solutions, Proven, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Scotia Investments, Seprod, Sterling Investments, Supreme Ventures, Trading Activity

Trading activity picks up on JSE

August 29, 2017 by IC Insider.com

The main market of the Jamaica Stock Exchange saw increased trading on Tuesday over Monday’s activity, with higher values and volumes. The market closed at a new record high with the gains for the year to date being 33 percent based on the All Jamaica Composite Index that advanced 1,183.31 points by the close of trading.
In trading Cable Bahamas Jamaica dollar denominated preference share, traded for the first time with 3 units changing hands at $1,000,000 each.
Elsewhere, at the close of market activity, the securities changing hands, the last price and volume traded for the day are, Barita Investments with a fall of $1.48 to $9.01 with 6,099 shares, after investors seemed to have lost interest in it, following the announcement of a buyout of majority shares. Berger Paints closed at $15.80, losing 20 cents with 60,636 shares, Cable and Wireless lost 5 cents to close at $1.05 with 905,749 shares, Caribbean Cement exchanged 5,388 shares at $30, Carreras held firm at $108 with 730,722 shares, Grace Kennedy ending with a loss of 50 cents, t0 $41 with 5,213 shares. Jamaica Broilers rising 45 cents, to $18.20 with 234,394 shares, Jamaica Producers with a loss of 48 cents, closed at $14.50 with 326,105 shares, Jamaica Stock Exchange jumped 79 cents to $6.49, in trading 5,300 shares, JMMB Group lost 15 cents to $20.75 with 284,052 shares. Kingston Properties closed at $7.50, after losing 50 cents with 10,325 shares, Kingston Wharves climbed $1.15, to $32 with 164,207 shares, Mayberry Investments gained 10 cents to finish at $4.60 with 12,020 shares, NCB Financial Group closed at $87.54, losing 45 cents with 110,532 shares, PanJam Investment lost 2 cents to close at $32.98 with 150,000 shares. Pulse Investments closed with a loss of 1 cent, at $1.99 trading 20,701 shares, Radio Jamaica gained 10 cents to $1.30 with 54,276 shares, Sagicor Group closed at $32 with 55,233 units, Sagicor Real Estate Fund ended at $12 trading 8,200 shares, Salada Foods exchnaged 7,705 shares at $10, Scotia Group closed 50 cents higher to $46 with 16,854 stock units, Seprod climbed $3.25 to close at $33 with 9,091 shares, Supreme Ventures closed at record high of $11, gaining $1.49 with 34,580 shares. Proven Investments US ordinary shares closed at 23 US cents with 2,420 units, Jamaica Money Market Brokers 7.5% preference share, closed at $1.85 with 74,950 units, JMMB Group 7.5% preference share closed with 300,000 shares at $1.15 and Proven 8.25% preference share gained 10 cents to close at $5.10 with 279,533 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Cable and Wireless, Cable Bahamas, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Proven, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Supreme Ventures, Trading Activity

Big price gains in Scotia & NCB – Friday

August 18, 2017 by IC Insider.com

NCB jumped $3.85 on Friday

A big $3.85 jump in the price of NCB and $2.99 for Scotia Group followed by $2 gain in Caribbean Cement and $2.05 for Grace Kennedy, pushed the main market of the Jamaica Stock Exchange sharply upwards on Friday.
At the close of trading, 27 securities changed hands in the main market with 2 trading in the US dollar market, leading to 10 stocks advancing and 10 declining. The All Jamaica Composite Index advanced 3,084.30 points to close at 276,034.12, the JSE Market Index climbed 2,810.15 points to 251,498.35 and the JSE US dollar market index gained 6.31 points to 185.36.
The main market ended with 7,943,772 units valued at $101,876,271 changing hands compared to 11,248,931 units valued at $225,049,422 at the close on Thursday. Trading in the US dollar market accounted for 118,113 units valued at US$28,984 bringing the total of all trades to J$105,586,231.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 3 with lower offers.
The main market ended trading with an average of 294,214 units valued at $3,773,195 for each security traded compared to an average of 468,705 units valued at $9,377,059. The average volume and value for the month to date ended at 189,965 units with an average value of $3,854,192 compared with an average of 180,487 units with an average value of $3,861,556 on the previous trading day. The average volume and value for July ended at 160,668 units with an average value of $2,691,438.
At the close of market activity, Barita Investments lost 40 cents and closed at $11.60 with 1,098 shares changing hands, Berger Paints gained 50 cents to close at $14.50 with 1,200 shares, Cable and Wireless traded 446,329 shares at $1.20 at the close, Caribbean Cement traded $2 higher to close at $28.50 with 895 shares,Carreras held firm at $108 with 64,088 shares, Grace Kennedy closed $2.05 higher to $41.05 with 3,430 shares. Jamaica Broilers ended with gains of 21 cents, at $16.21 with 218,929 shares, Jamaica Producers declined $1.25, to $13.75 with 604,110 shares, Jamaica Stock Exchange lost 2 cents to close at $6.47 with 2,500 shares, JMMB Group ended with gains of 50 cents, in closing at the last traded price of $21.50 with 782,460 shares, after it traded at $23 in the morning session as supply totally dried up at one stage when only a small volume was available at $29. At the close less than 240,000 units were offered for sales, with most at $22.50. Kingston Wharves closed at $30, rising 48 cents with 6,247 shares,

Mayberry Investments gained 17 cents to end at $4.17 with 20,000 shares, NCB Financial Group jumped $3.85 to $90.95 with 194,935 shares, PanJam Investment closed at $33 with 171,350 shares, Portland JSX lost 5 cents, closing at $9.25 with 18,400 shares. Proven Investments lost 1 cent to close at $25.01 with 100,000 shares, Pulse Investments eased 1 cent, to $1.94 with 1,780 shares, Radio Jamaica closed at $1.35 with 29,950 shares, Sagicor Group traded 24 cents lower, closing at $31.75 with 10,292 shares, Sagicor Real Estate Fund closed at $12.06 with 500,400 shares, Scotia Group climbed $2.99 to $46.99 with 440,247 shares, Seprod lost 25 cents to close at $29.75 with 143,605 shares, Sterling Investments closed at $13.30 with 160,000 shares, Supreme Ventures closed at a 52 weeks’ high of $8.55 with 5,000 shares after gaining 50 cents. Proven Investments US ordinary shares lost 0.99 US cent and closed at 23.01 US cents with 117,203 units, JMMB Group US 6% preference share closed at US$1.10 with 910 units, Proven Investments 8.25% preference share closed at $5 with 14,527 units, Jamaica Public Service 9.5% preference share closed at $1,302 with 2,000 units and JMMB Group 7.5% preference share lost 1 cent to close at $1.16 with 4,000,000 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Cable and Wireless, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB, JMMB Group, JPS, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Portland JSX, Proven, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Trading Activity

JSE main market jumps sharply – Tuesday

August 15, 2017 by IC Insider.com

Main market stocks surge higher at the close of trading on the Jamaica Stock Exchange on Tuesday even as declining stocks beat out advancing almost 3 to 1. Market activity took place from increased volumes as 30 securities changed hands up from 26 on Monday.
At the close of trading 2 securities were active in the US dollar market, 6 stocks advanced and 15 declined in both markets. The main market ended with 3,703,287 units valued at $102,098,446 changing hands compared to 6,318,090 units valued at $56,287,458 at the close on Monday. Trading in the US dollar market accounted for just 984 units valued at US$623, bringing the total of all trades to J$102,178,210.
The All Jamaica Composite Index jumped 2,655.88 points to close at 277,217.25, the JSE Market Index climbed 2,419.81 points to 252,576.32 and the JSE US dollar market index lost 0.07 points to close at 186.15.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 4 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 123,443 units valued at $3,403,282 for each security traded compared to an average of 243,003 units valued at $2,164,902. The average volume and value for the month to date ended at 157,392 units with an average value of $3,180,224 compared with an average of 161,636 units with an average value of $3,152,342 on the previous trading day. The average volume and value for July ended at 160,668 units with an average value of $2,691,438.
In market activity, Barita Investments jumped $1.20 to record high of $12 with 16,931 shares changing hands, just over a week that the company reported that the directors were considering an offer to purchase the majority of its shares. Cable and Wireless closed at $1.20, losing 3 cents as 1,114,661 shares were exchanged, after the company posted a profit in the June quarter, Caribbean Cement lost 49 cents, closing at $27.01 with 6,500 shares, Carreras climbed $1 to $109, with 761,392 shares Grace Kennedy dipped 15 cents to $41 trading 7,606 shares. Jamaica Broilers exchanged 28,206 shares at $17.50, Jamaica Producers closed at $15, with gains of 34 cents, trading 2,000 shares, Jamaica Stock Exchange lost 3 cents to $6.45, with 8,586 shares changing hands, JMMB Group gained 78 cents to close at $21, with 68,950 shares. Kingston Properties exchanged 43,400 shares at $7.20, having lost 80 cents, Kingston Wharves slid 50 cents to $29.50, with an exchange of 37,483 shares, Mayberry Investments lost 30 cents to close at $4.40, with 80,978 shares changing hands, NCB Financial Group fell 50 cents to $90, after exchanging 73,999 units, 1834 Investments lost 5 cents to close at $1.30 while trading 137,746 shares, 138 Student Living closed at $5.15, after losing 35 cents with 4,100 shares, PanJam Investment closed 5 cents lower at $30.95 trading 33,152 shares, Portland JSX exchanged 41,892 shares at $9.30. Pulse Investments gained 9 cents to close at $1.95 trading 33,986 shares, Radio Jamaica exchanged 1,000 shares at $1.40, Sagicor Group closed 47 cents lower to $31.52, with 35,648 shares, Sagicor Real Estate fund traded 24,422 shares at $12.05, Salada Foods closed at $9.50 with 442 shares changing hands, Scotia Group closed at $45.90 with trades of 27,550 shares, Scotia Investments gained 10 cents with 500 shares traded and closed at $35.10, Seprod dropped $2.55 to $30 with an exchange of 35,937 shares, Sterling Investments closed 5 cents lower to $14 trading 15,000 shares, Supreme Ventures traded 56,148 shares at $8. Proven Investments US ordinary share, closed at 24 US cents with 534 units changing hands, JMMB Group US 6% preference shares was down 2 US cents to US$1.10, trading 450 units, , Jamaica Money Market Brokers 7.5% preference share traded 4,852 units at $1.99, JMMB Group 7.5% preference closed at $1.15, with 1,000,000 units changing owners and Proven 8.25% preference share closed at $4.98, losing 1 cent exchanging 220 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, 1834 Investments, Barita Investments, Cable and Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Portland JSX, Proven, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Scotia Investments, Seprod, Sterling Investments, Supreme Ventures, Trading Activity

Barita at record high on Monday

August 14, 2017 by IC Insider.com

The main market stocks of the Jamaica Stock Exchange declined for the second consecutive day with moderate fall in the indices at the close on Monday. Barita Investments, the subject of a proposed takeover bid closed at a new all-time high of $10.80 at the close.
The All Jamaica Composite Index declined 515.97 points to close at 274,561.37, the JSE Market Index declined 470.10 points to 250,156.51 and the JSE US dollar market index lost 2.04 points to close at 186.22.
At the close of trading, 26 securities changed hands in the main market with 2 trading in the US dollar market, leading to 8 stocks advancing and 9 declining. The main market ended with 6,318,090 units valued at $56,287,458 changing hands compared to 7,902,262 units valued at $237,278,617 at the close on Friday. Trading in the US dollar market accounted for 243,556 units valued at US$58,933, bringing the total of all trades to J$63,830,938.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 4 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 243,003 units valued at $2,164,902 for each security traded compared to an average of 395,113 units valued at $11,863,931. The average volume and value for the month to date ended at 161,636 units with an average value of $3,152,342 compared with an average of 150,012 units with an average value of $3,293,405 on the previous trading day. The average volume and value for July ended at 160,668 units with an average value of $2,691,438.
In market activity, Barita Investments traded $1.40 higher to close at an all-time high of $10.80 with 30,000 shares changing hands, Berger Paints gained 95 cents and closed at $16.95 trading 1,218 shares, Cable and Wireless closed at $1.23, after gaining 16 cents with an exchange of 3,513,068 shares, with investors reacting positively to the report of profit in the June quarter. Caribbean Cement lost 51 cents to end at $27.50 with 16,500 shares,Carreras closed at $108, with 88,618 shares switching owners, Grace Kennedy jumped $1.15 to close at $41.15 trading 20,997 shares. Jamaica Broilers lost 50 cents exchanging 332,468 shares to close at $17.50, Jamaica Producers closed at $14.66, with a loss of 44 cents trading 42,186 shares, Jamaica Stock Exchange closed at $6.48 with 13,000 shares changing hands, JMMB Group lost 28 cents to close at $20.22, with 341,624 shares. Kingston Properties exchanged 1,000 shares at $8, Kingston Wharves traded $1 higher to $30, with an exchange of 7,000 shares, Mayberry Investments gained 21 cents to close at $4.70, with 465,061 shares changing hands, NCB Financial Group dipped 50 cents to $90.50, after exchanging 111,568 shares, 1834 Investments lost 5 cents to close at $1.35 while trading 1,834 shares, 138 Student Living traded 26,498 shares at $5.50, PanJam Investment closed $1 higher to $31 trading 127,297 shares,Proven Investments exchanged 26,560 shares at $25.02, Pulse Investments closed at $1.86 trading 39,165 shares, Radio Jamaica lost 20 cents exchanging 52,658 shares to close at $1.40, Sagicor Group closed $2.36 lower to $31.99, with 142,899 shares, Sagicor Real Estate Fund exchanged 18,151 shares at $12.05, Scotia Group closed at $45.90 with trades of 28,304 shares, Supreme Ventures traded 468,136 shares at $8. Margaritaville Turks US ordinary share was down 3 US cents to 33 US cents trading 5,000 units, Proven Investments US ordinary share closed at 24 US cents with 238,566 units changing hands, JMMB Group 7.5% preference share gained 4 cents, closing at $1.15, with 399,500 units changing owners and Proven 8.25% preference share closed at $4.99 exchanging 2,780 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, 1834 Investments, Barita Investments, Berger Paints, Cable and Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Margaritaville Turks, Mayberry Investments, NCB Financial Group, PANJAM Investment, Proven, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Supreme Ventures, Trading Activity

Main market drops over 3,000 points – Friday

August 11, 2017 by IC Insider.com

Sagicor Group traded 5m shares on the JSE main market on Friday.

The main market stocks of the Jamaica Stock Exchange lost ground at the close on Friday with sizable declines in the indices but with increased trading volume as Sagicor Group traded more than 5 million share, but fewer securities traded than on Thursday.
Trading ended with the All Jamaica Composite Index diving 3,359.30 points to close at 275,077.34, the JSE Market Index dropped 3,060.70 points to 250,626.61, bringing the gains for 2017 to more than 30 percent. The JSE US dollar market index added 1.37 points to close at 188.26.
At the close of trading, 20 securities changed hands in the main market with 1 trading in the US dollar market, leading to 8 stocks advancing and 6 declining. The main market ended with 7,902,262 units valued at $237,278,617 changing hands compared to 1,374,903 units valued at $47,150,828 at the close on Thursday. Trading in the US dollar market accounted for 659,944 units valued at US$158,387 bringing the total of all trades to J$257,552,096.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 7 stocks with bids higher than their last selling prices and 1 with a lower offer.
The main market ended trading with an average of 395,113 units valued at $11,863,931 for each security traded compared to an average of 54,996 units valued at $1,886,033. The average volume and value for the month to date ended at $161,778 units with an average value of $3,293,405 compared with an average of 122,889 units with an average value of $1,864,984 on the previous trading day. The average volume and value for July ended at 160,668 units with an average value of $2,691,438.
The volume and last traded prices of securities changing hands on Friday are, Barita Investments that gained 63 cents to close at a record high of $9.40 with 5,850 shares, Berger Paints dropped $2.69 to $16 exchanging 44,705 shares, Cable and Wireless gained 3 cents to close at $1.07, with 1,000 shares changing hands, Caribbean Cement gained 1 cent, closing at $28.01 with 37,365 shares,Carreras fell $1.50 to $108, with 140,539 shares, Grace Kennedy closed at $40, trading 161,570 shares. Jamaica Broilers lost 10 cents exchanging 1,057,803 shares at $18, Jamaica Producers closed at $15.10 trading 7,050 shares, Jamaica Stock Exchange closed at $6.48 with 29,355 shares changing hands, JMMB Group gained 51 cents to close at $20.50, with 13,100 shares. Mayberry Investments lost 14 cents to close at $4.49, with 9,996 shares changing hands, NCB Financial Group traded $1 higher to $91, after exchanging 156,542 shares, PanJam Investment shed $1 to $30 trading 29,077 shares, Proven Investments exchanged 600,000 shares at $25.02, Pulse Investments lost 13 cents to close at $1.86 trading 6,000 shares, Radio Jamaica gained 10 cents in exchanging 28,000 shares to close at $1.60. Sagicor Group traded 5,012,508 shares at $34.35, Scotia Group closed $1.90 higher to $45.90 with 75,721 shares, Supreme Ventures exchanged 3,500 shares at $8. Proven Investments US ordinary shares, traded 659,944 units at 24 US cents and JMMB Group 7.5% preference share gained 1 cent, closing at $1.11, with 482,581 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Cable and Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Mayberry Investments, NCB Financial Group, PANJAM Investment, Proven, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Scotia Group, Supreme Ventures, Trading Activity

New record close -Thursday

August 10, 2017 by IC Insider.com

Main market stocks of the Jamaica Stock Exchange closed at record levels at the close on Thursday with the market indices climbing over 2,300 points but with advancing stocks being edged out by declining ones.
The All Jamaica Composite Index surged 2,567.56 points to a record close of 278,436.64, the JSE Market Index jumped 2,339.33 points to a record at the close of 253,687.31 and the JSE US dollar market index lost 10.81 points to close at 186.89.
At the close of trading, 25 securities changed hands in the main market with 1 trading in the US dollar market, leading to 8 stocks advancing and 9 declining. The main market ended with 1,374,903 units valued at $47,150,828 changing hands compared to 1,809,394 units valued at $47,308,355 at the close on Wednesday. Trading in the US dollar market accounted for 631,286 units valued at US$150,176 bringing the total of all trades to J$66,373,329.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 4 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 54,996 units valued at $1,886,033 for each security traded compared to an average of 69,592 units valued at $1,819,552. The average volume and value for the month to date ended at 109,162 units with an average value of $1,864,984 compared with an average of $119,995 units with an average value of $1,860,774 on the previous trading day. The average volume and value for July ended at 160,668 units with an average value of $2,691,438.
In market activity, Barita Investmentslost 23 cents to close at $8.77 trading 800 shares, Berger Paints advanced $2.51 to $18.69 while exchanging just 179 units, Cable and Wireless lost 1 cent to close at $1.04, with 218 units changing hands, Caribbean Cement lost $1 in closing at $28, 1,500 shares,Carreras dipped 50 cents to $109.50, with 121,812 shares switching owners and Grace Kennedy closed at $40, with a loss of 49 cents trading 9,790 shares. Jamaica Broilers exchanged 68,558 shares at $18.10, Jamaica Producers closed at $15.10, with a loss of 90 cents trading 460 units, Jamaica Stock Exchange lost 1 cent, closing at $6.48 with 34,250 shares changing, JMMB Group closed at $19.99, gaining 79 cents with 267,627 shares. Kingston Wharves exchanged 283 units at $29, Mayberry Investments gained 14 cents to close at $4.63, with 2,435 shares changing hands, NCB Financial Group held firm at $90, after exchanging 27,309 shares, 1834 Investments traded 50,000 shares at $1.40, PanJam Investment closed $2 lower to $31 trading 614,451 shares, Portland JSX gained 30 cents to $9.30, with an exchange of 3,350 shares, Proven Investments added 1 cent, closing at $25.02, with trades of 80,000 shares, Pulse Investments gained 1 cent to close at $1.99 trading 20,000 shares and Radio Jamaica closed at $1.50 exchanging 2,438 shares. Sagicor Group closed at $34.35, with gains of 35 cents trading 28,700 shares, Salada Foods gained 39 cents, closing at $9.50 with 128 units, Scotia Group ended at $44 with 23,318 shares, Seprod closed at $32.55, losing 85 cents with 7,443 shares changing hands. Proven Investments US ordinary share traded 631,286 units at 24 US cents, Jamaica Money Market Brokers 7.5% preference share closed at $1.99 with 2,934 units traded and Proven 8.25% preference share exchanged 6,920 units at $4.99.