strong>day’s activity on the Jamaica Stock Exchange, resulted in the prices of 8 stocks rising and 8 declining as 26 securities changed hands, ending in 1,862,567 units trading, valued at $8,769,262, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator showed 5 stocks with bids higher than their last selling prices and only 2 stocks with offers that were lower.
Main Market| The JSE Market Index lost 52.27 points to 75,755.59, the JSE All Jamaican Composite index fell 58.45 points to close at 83,416.57 and the JSE combined index declined by 17.19 points to close at 77,614.73.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Desnoes & Geddes ended trading 555,750 shares with a gain of 19 cents to $4.90, Jamaica Money Market Brokers saw trading in 88,443 shares with the price rising 5 cents at $6.55. Sagicor Group traded 97,914 shares with the price rising 3 cents $10 Sagicor Real Estate Fund closed with 2,400 shares changing hands to close 15 cents higher at $7.
Firm| The stocks in the main market to close without a change in the last traded prices are, Grace Kennedy finishing with 2,340 shares at $61. Kingston Wharves ended with 829 shares trading at $6, Mayberry Investments ended with 6,732 shares changing hands to close at $1.50, Proven Investments closed trading with 69,580 shares at 19 US cents and Supreme Ventures completed trading with 4,200 shares at $1.92.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless closing with 700,127 units trading as the price slipped 4 cents 46 cents. Caribbean Cement finished with 11,000 shares trading lower by 10 cents to $2.40, Carreras ended with 11,595 shares trading with a loss of 45 cents to $36.80, Jamaica Broilers ended trading with 5,114 shares changing hands to close 5 cents down at $4.05. National Commercial Bank closed trading with 48,986 units as the price slipped 24 cents to $18.01, Pan Jamaican Investment had 1,100 units trading with the price falling $3.50 to $56.50, Scotia Group traded 23,901 shares, the price closed 10 cents lower to $20 and Scotia Investments ended with 4,000 shares trading lower by 20 cents to $23.
Preference| Jamaica Money Market Brokers 7.50% preference share traded 900 shares at $2 and Proven Investments 8% preference share closed with 40,550 units at $5.10.
8 stocks up 8 down on JSE Monday
Kingston Properties up 88% in December
The year-end rally, continued on the Jamaica Stock Exchange on Thursday, as Kingston Properties hits a new high having gained 87.5 percent for the December. Trading in the overall market resulted in the prices of 10 stocks rising and only 3 declining as 25 securities changed hands, ending in 3,028,876 units trading, valued at $10,239,236, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator showed 10 stocks with bids higher than their last selling prices and only 1 stock with the offer lower a clear sign of rising prices ahead.
Main Market| The JSE Market Index gained 196.62 points to 75,757.06, the JSE All Jamaican Composite index rose 219.83 points to close at 83,418.22 and the JSE combined index climbed 261.34 points to close at 77,656.27.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless with 1,710,367 shares changing hands, to close 3 cents higher, at 50 cents. Carreras ended with 3,452 shares and gained 30 cents to $36.50, Grace Kennedy closed trading with 1,700 shares changing hands with a 50 cents rise, to $61. Hardware & Lumber traded 3,000 shares with the price rising 49 cents to $8. Kingston Properties closed at a new all-time high of$7.50, with a 60 cents rise with 403,000 units trading. National Commercial Bank finished with only 100 shares changing hands to close 1 cent up to $18.51, Salada Foods concluded trading with 268,045 shares, 19 cents higher at $8 and Seprod ended trading with 8,600 shares changing hands to close with a 25 cents gain at $12.50.
Firm| The stocks in the main market to close without a change in the last traded prices are, Gleaner trading just 879 units to close at 95 cents. Jamaica Broilers ended trading with 39,136 units at $4.10, Jamaica Money Market Brokers closed with 1,640 ordinary shares and finished trading at $7, Jamaica Producers ended with 6,100 shares trading, at $17.50, Mayberry Investments ended with 12,883 shares changing hands at $1.52 and Proven Investments closed with 12,385 shares at 19 US cents.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Sagicor Group with 80,500 shares trading lost 3 cents to end at $9.97 and 92,753 Scotia Group shares changed hands 1 cent lower at $20.
Preference| Jamaica Money Market Brokers 7.50% preference share finished with 903 shares trading at $2 and Proven Investments 8% preference share finished with 150 units to close trading at $5.50.
Rising prices hold sway on JSE
Activity on the Jamaica Stock Exchange, continues with a bullish bias and ended in the prices of 10 stocks rising and only 2 declining as 17 securities changed hands, ending in 4,801,191 units trading, valued at $30,772,622, in all market segments. The IC Bid offer indicator is pointing to continuation of rising prices having the upper hand, over declining ones.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 10 stocks with bids higher than their last selling prices and just 2 stocks with offers that were lower. This is a positive indicator for the market pointing to rising prices ahead.
Main Market| The JSE Market Index gained 190.04 points to 76,113.19, the JSE All Jamaican Composite index rose 212.50 points to close at 83,816.44 and the JSE combined index gained 192.73 points to close at 77,801.62.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Berger Paints finished trading with 46,668 shares with the price rising 9 cents to $1.60, Carreras ended with 195,379 shares, the price jumped $1.10 to $37.25 but at the close there was an offer to sell at $36.20, Hardware & Lumber ended trading with 2,666 shares changing hands to close 4 cents higher at $7.51. Jamaica Broilers completed trading with 2,325,782 shares with the price rising 4 cents to $4.10, National Commercial Bank contributed 420,000 units to trading and put on 10 cents to $18.50, Sagicor Group ended trading with 151,205 shares with an increase of 13 cents to $10.09 and Salada Foods finished trading with 19,200 shares as the price jumped 20 cents to $8.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless finished with 156,869 shares trading at 50 cents, importantly, today’s trade exposes the offer at 55 cents with 95,000 units being offered and just above that, is 97,000 units at 58 cents. The highest bid is now at 48 cents for 1.8 million units. Caribbean Cement ended trading with 27,711 shares changing hands to close at $2.40, Proven Investments ended with 19,520 shares trading at 19 US cents and Scotia Group closed with 104,305 shares changing hands at $20.50.
Declines| The Gleaner Company was the only main stock to end with a loss as there was trading in 59,570 but ended losing 4 cents to close at a 52 weeks’ low of 95 cents.
Kingston Properties gains 49.5%
Monday’s activity on the Jamaica Stock Exchange, resulted in the prices of 7 stocks rising and 5 declining as 19 securities changed hands with Kingston Properties closing 49.5 percent higher to a new high of $6. The stock ended with the bid at $5.85 on Friday which would have allowed it to trade as high as 30 percent higher at $7.60 under the new circuit breaker that came into effect recently. Trading ended with activity in 1,926,843 units, valued at $29,060,020, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 8 stocks with bids higher than their last selling prices and only 2 stocks with offers that were lower.
Main Market| The JSE Market Index gained 611.01 points to 75,923.15, the JSE All Jamaican Composite index rose 683.19 points to close at 83,603.94 and the JSE combined index gained 545.66 points to close at 77,608.89.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Desnoes & Geddes ending with 33,866 changing hands to end 1 cent higher at $4.71, Grace Kennedy ended trading with 90,314 shares with the price rising 2 cents to $63, Jamaica Broilers had trading in 5,500 shares with the price rising 1 cent to $4.06. Kingston Properties finished trading with 106,000 units and put on $1.98 to hit a new high of $5.98, <a href="http://icinsider.com/pan-jam-profit-up-29-for-q2/” title=”Pan Jam profit up 29% for Q2″>Pan Jamaican Investment contributed just 100 shares in rising $3.90 to $60, new 52 weeks’ high and Scotia Group ended trading with 1,060,362 units, and put on 49 cents to $20.50.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless ending with 453,837 shares at 50 cents. Jamaica Producers finished with 8,343 shares to close at $17.50, Mayberry Investments ended with 29,000 units at $1.45 and Proven Investments ended trading 610 ordinary shares to end at 19 US cents.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, National Commercial Bank ended with 4,742 shares trading at 10 cents lower at $18.40 and Sagicor Group lost 4 cents in closing at $9.96 with 6,000 shares changing hands.
Preference| Proven Investments 8% preference share ended with 5,600 units trading to end at $5.50.
Kingston Properties’ bid $5.85 was $6.80 earlier
The market fell sharply on Thursday but the movement does not tell the true story of some of the positive developments taking place. At the close of trading, Kingston Properties was in strong demand with bids in to buy as high as $5.85, as well as a bid to buy 1 million units at $5.20.
Earlier in the week, the stock had a bid of $6.80 to purchase 200,000 and another of 1,000,000 shares at $6. IC Insider understands that there is interest to buy as high at $7. The net asset value of the stock is just over $12, well ahead of the last price of $4, the stock traded. There have been no stocks on offer for some time. The company reported earnings per share of 7 cents for the nine months to September but comprehensive income which includes foreign exchange gains on translation of the overseas subsidiary, brings the earnings to 70 cents. The company announced in June this year a program to buy back some shares.
Thursday’s activity on the Jamaica Stock Exchange fell below normal, with only 15 securities changing hands. Price movements were mostly negative with the prices of only 2 stocks rising and 8 declining. The total of all active stocks ended in 1,548,128 units trading, valued at $14,446,018, in all market segments.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator is showing a slight bias to the upside with 4 stocks having bids higher than their last selling prices and 2 stocks with offers that were lower.
Main Market| The JSE Market Index dropped 987.64 points to 75,036.71, the JSE All Jamaican Composite index fell 1,104.33 points to close at 82,612.78 and the JSE combined index gained declined by 983.77points to close at 76,796.34.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Carreras finishing with 9,761 shares changing hands at 4 cents higher to $36.20 and Proven Investments closed at 19 US cents by gaining 0.05 cents while trading 300,000 units.
Firm| The stocks in the main market to close without a change in the last traded prices are, Mayberry Investments ended with 15,940 shares trading at $1.49 and Sagicor Group completed trading with 57,353 shares changing hands to close at $9.96.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Caribbean Cement closed with 3,711 units trading as the price slipped 1 cent to $2.40, Desnoes & Geddes finished trading 102,207 shares trading 1 cent lower to $4.65, Jamaica Broilers ended with 169,738 shares while losing 1 cent to $4.05, National Commercial Bank concluded trading with 11,070 units and closed 10 cents lower at $18.40 and Scotia Group closed with 106,732 units as the price slipped 50 cents to $20.
Preference| Jamaica Money Market Brokers 8.75% preference share finished with 143,500 units changing hands to close unchanged at $3.
12 stocks fall only 6 rise on JSE
Pan Jam reached a new high on Tuesday, closing at $56.10.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.
Main Market| The JSE Market Index dipped 480.86 points to 75,043.48, the JSE All Jamaican Composite index fell 537.67 points to close at 82,620.35 and the JSE combined index gained declined by 477.17 points to close at 76,799.79.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Hardware & Lumber closing with 31,000 shares and rising 97 cents to $7.47. Jamaica Broilers concluded trading with 122,964 shares changing hands, with a gain of 5 cents to $4.05, Pan Jamaican closed at a new 52 weeks’ high of $56.10 while 519 shares changed hands, $1.10 higher. Sagicor Group concluded trading with 34,742 units and put on 1 cent to $9.96 and Salada Foods ended with 20,000 units, to close with a gain of 30 cents to $7.80.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless ending trading with 21,759 shares at 45 cents, Jamaica Money Market Brokers ended with 7,885 ordinary shares changing hands to close at $7, Jamaica Producers closed with 1,321 shares changing hands at $15.96. Mayberry Investments saw trading in 98,300 shares for $1.52, National Commercial Bank ended with only 580 shares changing hands to close at $18.20 and Proven Investments completed trading with 70,000 shares changing hands at 18.5 US cents.Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Caribbean Cement ended with 42,116 units as the price slipped 4 cents to $2.40, Desnoes & Geddes closed with 2,560 shares trading lower by 5 cents to $4.65, Grace Kennedy finished with 1,225 shares with a loss of $2 to $60, Radio Jamaica ended with 558,009 units and closed 3 cents down to $1.15, Scotia Group ended trading with 72,402 units as the price slipped 30 cents to $20.10 and Scotia Investments completed trading with 184,817 shares trading lower by $1.40 to $21.10.
Preference| There was no trading of preference shares.
JSE main market marching slowly up
Grace stock gained $1 to end at $62.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 9 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower as demand increases to buy stocks ahead of the year end close.
Main Market| The JSE Market Index gained 419.22 points to 74,769.09, the JSE All Jamaican Composite index rose 468.75 points to close at 82,313.54 and the JSE combined index gained 394.17 points to close at 76,575.63.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Grace Kennedy completed trading with 10,952 shares changing hands, with a gain of $1 to $62, National Commercial Bank saw trading in 17,306 units with a gain of 16 cents to $18.16. Sagicor Group finished trading with 337,678 shares with the price rising 2 cents to $9.90, Scotia Group ended trading with 24,212 units, the price put on 46 cents to $20.01 and Scotia Investments concluded trading with 25,000 shares changing hands with a gain of 5 cents to $22.55.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless ended with 34,400 units and closed at 45 cents, Jamaica Broilers exchanged 41,577 shares at $4 each, Kingston Wharves concluded trading with 9,700 shares changing hands to close at $6. Proven Investments had 525 shares changing hands to close at 18.5 US cents, Radio Jamaica contributed 4,758 shares to close at $1.18 and Supreme Ventures ended trading with 8,300 shares at $1.90.Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras ending with 11,848 units, as the price slipped 1 cent to $36.99, Gleaner closing at a new 52 weeks’ low while trading 20,000 shares at 99 cents, by slipping by 1 cent and Jamaica Money Market Brokers finished with 14,600 shares with a loss of 4 cents to $7.06.
Preference| Proven Investments 8% preference share traded 150 units at $5.50.
Pan Jam jumps $3.30 to year’s high on JSE
Pan Jamaican Investments Trust jumped $3.30 to a new 52 weeks’ high, on Tuesday, trading in the stock accounted for $34.2 million of the day’s activity. Activity on the Jamaica Stock Exchange, resulted in the prices of 4 stocks rising and 7 declining as 18 securities changed hands, ending in 2,127,873 units trading, valued at $41,812,058, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than their last selling prices and 7 stocks with offers that were lower.
Main Market| The JSE Market Index lost 93.54 points to 74,458.58, the JSE All Jamaican Composite index fell 104.59 points to close at 81,966.34 and the JSE combined index declined by 138.77 points to close at 76,362.07.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Desnoes & Geddes completed trading with 1,000,000 shares changing hands, with a gain of 3 cents to $4.60. Jamaica Money Market Brokers saw trading in 2,300 ordinary shares and gained 5 cents to $7.10, Pan Jamaican Investment finished trading with 618,400 shares, the price rose $3.30 cent to $55 and Proven Investments concluded trading with 7,308 units and put on 1.20 cents to 18.5 US cents.
Firm| The stocks in the main market to close without a change in the last traded prices are, Carreras ending trading with 920 shares changing hands to close at $36.89, Jamaica Broilers exchanged 4,660 shares trading at $4. Jamaica Stock Exchange ended trading with 6,942 shares changing hands, at $1.50, Mayberry Investments contributed 8,159 shares at $1.50 and Radio Jamaica traded 8,882 shares at $1.18.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless ended with 48,985 units as the price slipped 2 cents to 43 cents, Jamaica Producers finished with 5,000 shares with a loss of 5 cents to $15.95, National Commercial Bank ended with 19,418 shares changing hands to close 11 cents down to $18, Sagicor Group ended trading with 36,298 shares for 10 cents less at $9.90 and Scotia Group ended with 53,411 shares changing hands to close lower by 50 cents at $19.50.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 282,190 shares changing hands to close at $3 Jamaica Money Market Brokers 7.50% preference share exchanged 3,000 units at $2.
JSE Market starts December up
Monday’s activity on the Jamaica Stock Exchange, resulted in the prices of 7 stocks rising and 6 declining as 22 securities changed hands, ending in 1,979,654 units trading, valued at $9,662,737, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than their last selling prices and 7 stocks with offers that were lower.
Main Market| The JSE Market Index gained 213.63 points to 74,552.12, the JSE All Jamaican Composite index rose 238.86 points to close at 82,070.93 and the JSE combined index gained 180.89 points to close at 76,500.84.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless completing trading with 229,162 shares while gaining 1 cent to 45 cents, Mayberry Investments concluded trading with 100,000 units and put on 2 cents to $1.50, National Commercial Bank closed with 6,500 shares as the price climbed 11 cents to $18.11 and Sagicor Group finished trading with 157,895 shares changing hands to close 1 cent higher at $10.
Firm| The stocks in the main market to close without a change in the last traded prices are, Grace Kennedy having 2,768 shares trading at $61, Pan Jamaican Investment ended trading with 4,386 shares changing hands, at $51.70. Radio Jamaica contributed 17,354 shares in trading to end at $1.18, Scotia Group ended with 106,500 shares at $20, Scotia Investments finished trading with 7,756 shares changing hands at $22.50 and Seprod had 12,185 shares changing hands to close at $12.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras ending with 650 units as the price slipped 11 cents to $36.89, Jamaica Broilers finished with 84,583 shares with a loss of 5 cents to $4. Jamaica Stock Exchange finished with 35,000 units and fell 5 cents lower at a new 52 weeks’ low of $1.50 and Proven Investments ended trading with 165,136 shares for 0.69 cent less at 17 US cents.
Preference| Jamaica Money Market Brokers 8.75% preference share traded with 32,350 shares changing hands to close at $3.
JSE market indices up 4% in November
Friday’s activity on the Jamaica Stock Exchange, resulted in the prices of 7 stocks rising and 6 declining as 24 securities changed hands, ending in 12,560,380 units trading, valued at $56,058,056, in all market segments, the market ended the months with gains in the major indices.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than their last selling prices and 7 stocks with offers that were lower.
Main Market| The JSE Market Index climbed 313.18 points to 74,338.49, the JSE All Jamaican Composite index rose 350.19 points, to close at 81,832.07 and the JSE combined index gained 308.54 points, to 76,319.95. The three main market indices ended up well ahead of the October close, by more than 2,600 points each, gaining 4 percent in the process.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Grace Kennedy ending with 110,550 shares while gaining 60 cents to $61, followed by Jamaica Broilers that concluded trading with 10,950 units, to close with a gain of 5 cents at $4.05. Pan Jamaican Investment trading 1,200 shares, to end with an increase of $1.20 to $51.70, Sagicor Group ended trading with 710 shares, the price climbed 9 cents to $9.99 and Scotia Group closed with 3,385 shares changing hands to close at 50 cents to $20.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless ending with 235,500 shares, changing hands, to close at 44 cents, Caribbean Cement ended with 67,932 shares trading at $2.40, Carreras had 6,880 shares changing hands to close at $37. Ciboney concluded trading with 10,000 shares trading at 7 cents. Jamaica Money Market Brokers with 31,680 ordinary shares changing hands, closed at $7.05, Kingston Wharves ended trading with 1,416 shares trading at $6, Proven Investments had 600 shares changing hands 17.99 US cents and Radio Jamaica ended with 50,000 units trading to close $1.18.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Desnoes & Geddes closed with 9,330,980 shares trading 19 cents to $4.57, National Commercial Bank finished trading with 8,165 units and fell 1 cent lower at $18 and Scotia Investments ended trading with 40,650 shares, 5 cents lower to $22.50.
Preference| Jamaica Money Market Brokers 8.75% preference share tradedended trading with 168,000 units at $3, Jamaica Money Market Brokers preference share traded 7.50% contributed 2,500 units at $2 and Proven Investments 8% preference share traded 67,300 units to close 20 cents down at $5.50.