JSE main market inched up – Friday

February 17, 2017 by

Supreme Ventures traded the most shares on Friday.

Trading in the main market of the Jamaica Stock Exchange closed on Friday with 6 stocks advancing and 9 declining based on last traded prices. It was the second day of gains in the indices after the market lost value for three consecutive days by losing 5,150 points on the all Jamaica Composite index.
The main and US dollar markets closed with 26 securities changing hands on a day with moderate volumes.
In market activity, Supreme Ventures was the dominant trade on Friday but the stock price fell to $5.50, losing 20 cents with 1,444,908 units trading. Barita Investments lost 67 cents to close at $6.85 trading just 350 units, Berger Paints closed at $11.50 with an exchange of 11,554 units, Cable and Wireless closed at $1.27 with a loss of 3 cents and 419,488 units changing hands, Caribbean Cement closed at $33 trading 15,715 shares. Carreras jumped $5 to close at a 52 weeks’ high of $74 trading a mere 1,090 units, 1834 Investments lost 20 cents, closing at $1.80 with 25,100 shares changing hands, Grace Kennedy closed at $40.85, losing 15 cents with an exchange of 117,428 units. Jamaica Broilers slid $1.50 to $14.50, trading 34,664 shares, Jamaica Producers lost 21 cents and closed at $17.24, down 28 percent from its 2017 high, with 306,833 units changing hands, Jamaica Stock Exchange gained 80 cents to close at $10.80 with 157,670 shares traded. JMMB Group advanced 50 cents, closing at a 52 weeks’ closing high of $20.50 with an exchange of 76,805 units, during the day the price hit an intraday high of $23. Kingston Properties traded 600 units at a 52 weeks’ high of $11 for a gain of $1, Kingston Wharves closed at $28.52 with a loss of $2.48 trading 3,450 units, National Commercial Bank closed lower at $61, losing $2, after swapping 37,151 shares. Pan Jamaican ended trading at $39 with a loss of $1.75 and an exchange of 284,952 shares, Portland JSX gained 2 cents to close at $10.55 with an exchange of 5,500 shares, Pulse Investments closed at $6.80 with a loss of 10 cents and 3,030 shares changing hands, Radio Jamaica closed at $1.90 trading 161,234 units. Sagicor Group closed at $35.20, losing 37 cents with trades of 45,746 units, after it hit an intraday high of $38, Sagicor Real Estate fund closed at $11.50 with an exchange of 8,058 units. Scotia Group lost 40 cents to close at $39.10 having traded 21,400 shares, Proven Investments closed at 32 US cents trading 233,119 ordinary shares and JMMB Group 7.5% preference share lost 2 cents with trades of 167,612 units, to close at $1.07.

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Jamaican stocks enjoy gains on Thursday

February 16, 2017 by

Stocks mostly gained at the close of trading on the Jamaican Stock Exchange on Thursday as 51 securities changed hands in the overall market, ending with 21 stocks rising and 17 falling. At the close 7 stocks gained and 6 declined from the junior market as 3 securities ending at new 52 weeks’ closing highs.
The All Jamaica Composite Index rose 358.25 points to close at 252,603.20, the JSE Market Index gained 320.34 points to finish at 230,246.68 and the JSE combined index lost 207.72 points, to close at 244,630.09.
At the close, 8,545,755 units valued at $87,407,183 changed hands, compared to 14,119,849 units valued at $235,690,329 changing hands on Wednesday. The junior market accounted for 5,009,146 units valued at over $29,141,927 of those trading.
The average trade for the day in the main market ended at 95,844 shares compared to an average of 237,979 units on Wednesday. For the month to date, an average of 154,517, shares compared to an average of 213,191 units up to the prior trading day. January ended with an average of 592,602 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 7 stocks with bids higher than their last selling prices and 5 with a lower offers.
In market activity, Barita Investments lost 38 cents to close at $7.52 trading 2,755 units, Berger Paints closed at $11.50, for a loss of 50 cents with 18,356 shares changing hands, Cable and Wireless gained 2 cents to close at $1.30 with an exchange of 809,255 units, Caribbean Cement closed at $33 trading 10,032 shares. Carreras closed at $69 with trades of 1,135 units, 1834 Investments lost 10 cents, closing at $2 with 168,582 shares changing hands, and Grace Kennedy closed at $41, gaining $1 with an exchange of 87,622 units. Jamaica Broilers closed $2 higher to $16 trading 20,237 shares, Jamaica Producers lost 55 cents and closed at $17.45 with 97,629 units changing hands, Jamaica Stock Exchange added 1 cent to close at $10 with 444,930 shares traded, JMMB Group advanced 50 cents, in closing at $20 with an exchange of 444,930 units. Kingston Wharves rose to $31 with a gain of $2.99 trading 30,200 units, Margaritaville Turks lost 4 cents and closed at 35 US cents trading 4,500 shares, Mayberry Investments lost 33 cents to close at $5.40 with 9,000 shares changing hands and National Commercial Bank closed at $63, losing $1, after exchanging 95,008 shares. 138 Student Living closed at $4.50 with 500,000 units traded, Pan Jamaican ended trading at $40.75 with a loss of 25 cents and an exchange of 67,789 shares, Portland JSX gained 2 cents to close at $10.53 with an exchange of 4,000 shares. Pulse Investments closed at $6.90 with gains of 40 cents and 12,000 shares changing hands, Radio Jamaica lost 2 cents and closed at $1.90, trading 58,396 units, Sagicor Group climbed to a 52 weeks’ high of $35.57, gaining 57 cents with trades of 34,750 units, Sagicor Real Estate fund closed at $11.50 with an exchange of 45,615 units. Salada closed at $9.24 trading 2,990 shares, Scotia Group slid to $39.50 with a loss of $1.50 having traded 45,086 shares, Scotia Investments added 99 cents to close at $40.99 trading 11,500 shares. Supreme Ventures closed at $5.70, with trades of 92,605 units, Proven Investments closed at 32 US cents trading 355,925 ordinary shares and JMMB Group 7.5% preference share, lost 1 cent with trades of 178,840 units to close at $1.09.

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More retreat for Jamaican stocks – Wednesday

February 15, 2017 by

Carreras climbed to a 52 weeks’ high of $69.

At the close of trading on the Jamaican Stock Exchange, the bias was in favour of falling prices on Wednesday as 53 securities changed hands in the overall market, ending with 18 stocks rising and 22 falling.
The market closed Wednesday, with 11 stocks gaining and 7 declining coming from the junior market as 5 securities ending at new 52 weeks’ closing highs.
The All Jamaica Composite Index dropped 1,229.08 points to close at 252,244.95, the JSE Market Index fell 1,099.01 points to finish at 229,926.34 and the JSE combined index lost 1,039.04 points, to close at 244,837.81.
At the close, 14,119,849 units valued at $235,690,329 changed hands, compared to 9,830,806 units valued at $174,930,678 changing hands on Tuesday. Of the stocks traded, the junior market accounted for 6,418,006 units valued at over $39,202,136.
The average trade for the day in the main market ended at 237,979 shares compared to an average of 210,760 units on Tuesday. For the month to date, an average of 213,191 shares compared to an average of 188,403 units up to the prior trading day. January ended with an average of 592,602 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 13 stocks with bids higher than their last selling prices and 2 with a lower offers.
In market activity, Barita Investments lost 10 cents to close at $7.90 trading 2,835 units, Berger Paints closed at $12 with 7,273 shares changing hands, Cable and Wireless closed 1 cent lower to $1.28 with an exchange of 776,377 units, Caribbean Cement climbed to $33, gaining $2.70 trading 19,900 shares. Carreras closed higher by $1 to close at a 52 weeks’ high of $69, with 1,000 units traded, 1834 Investments lost 10 cents to close at $2.10 with trades of 27,610 shares, Grace Kennedy closed at $40, losing 50 cents with 203,000 units changing hands. Jamaica Broilers slid $2.15, closing at $14 trading 104,910 shares, Jamaica Producers closed at $18, losing $2.75 with 90,696 units changing hands, Jamaica Stock Exchange gained 49 cents to close at $9.99 with 178,875 shares traded, JMMB Group lost 5 cents to close at $19.50 with an exchange of 431,825 units. Kingston Wharves closed lower to $28.01 with a loss of $2.99 trading 1,397 units, Mayberry Investments closed at $5.73 with 8,343 shares changing hands and

PanJam Investment climbed $1 in trading on Wednesday.

National Commercial Bank closed at $64, losing 89 cents, after swapping 28,465 shares. 138 Student Living gained 10 cents to close at $4.60 with 21,958 units traded, Pan Jamaican ended trading at $41 with gains of $1 and an exchange of 160,281 shares, Portland JSX lost 4 cents to close at $10.51 with an exchange of 2,537 shares, Pulse Investments closed at $6.50 with 410,470 shares changing hands. Radio Jamaica gained 7 cents and closed at $1.92 trading 197,732 units, Sagicor Group jumped $2.01 to $35, with trades of 3,572,539 units, Sagicor Real Estate fund closed at $11.50 after gaining 45 cents in exchange for 26,081 units, Scotia Group closed at $41, trading 26,977 shares. Scotia Investments dropped $2.50 to close at $40 trading 3,379 shares, Supreme Ventures closed at $5.70, gaining 2 cents with 123,500 shares traded, Proven Investments gained 2 US cents trading 810,942 ordinary shares to close at 32 US cents, JMMBGL7.25 closed at $1.50 trading 254 shares and JMMBGL 7.5% preference share gained 1 cent with trades of 461,687 units to close at $1.10.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Jamaican stocks down again on Tuesday

February 14, 2017 by

Jamaica Broilers traded at a new high on Tuesday

Prices mostly pulled back for Jamaican stocks on Tuesday, with big fall in market indices as more stocks fell than advanced at the close of trading on the Jamaica Stock Exchange with 55 securities changing hands in the overall market ending with 16 stocks rising and 22 falling.
The market closed Tuesday, with 11 stocks gaining and 7 declining coming from the junior market as 6 securities ending at new 52 weeks’ closing highs.
The All Jamaica Composite Index dropped 750.62 points to close at 254,224.65, the JSE Market Index fell 671.19 points to finish at 231,025.35 and the JSE combined index lost 849.58 points, to close at 245,876.85.
At the close, 9,830,806 units valued at $174,930,678 changed hands, compared to 17,383,764 units valued at $129,272,080 changing hands on Monday. Of the stocks traded, the junior market accounted for 3,740,128 units valued at over $70,476,295.
The average trade for the day in the main market ended at 210,760 shares compared to an average of 179,527 units on Monday. For the month to date, an average of 188,403 shares compared to an average of 166,045 units up to the prior trading day. January ended with an average of 592,602 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 9 stocks with bids higher than their last selling prices and 1 with a lower offer.
In market activity, Barita Investments gained 30 cents to close at a 52 weeks’ high of $8, while trading 96,986 units, Berger Paints exchanged 59,653 shares at $12, Cable and Wireless closed 4 cents higher to $1.29 with 462,009 units changing hands, Caribbean Cement lost 30 cents to close at $30.30 with trades of 85,064 shares. Carreras closed at a 52 weeks’ high of $68, gaining $1 with 16,633 units traded, 1834 Investments added 5 cents to close at $2.20 with trades of 88,628 shares, Grace Kennedy closed at $40.50, losing 15 cents with 2,650,225 units changing hands. Jamaica Broilers lost 10 cents, closing at a 52 weeks’ high of $16.15 trading 18,902 shares, Jamaica Producers declined by 97 cents to close at $20.75 with 168,975 units changing hands, Jamaica Stock Exchange closed at $9.50, losing $1 with 281,670 shares traded and JMMB Group lost 5 cents to close at $19.55 with an exchange of 68,103 units. Kingston Properties ended at $10 trading 23,048 shares, Kingston Wharves declined 50 cents, closing at $31 with trades of 115,240 units, Margaritaville Turks gained 4 cents to close at 39 US cents, trading 4,000 shares,

Barita closed at a new high on Tuesday.

Mayberry Investments lost 2 cents to end at $5.73 with 37,903 shares changing hands. National Commercial Bank closed at $64.89 with a loss of 11 cents, after swapping 70,085 shares, 138 Student Living traded 580,941 units at $4.50, Pan Jamaican ended trading at $40, dropping $4 with an exchange of 223,325 shares, Portland JSX gained 5 cents to close at $10.55 with an exchange of 5,000 shares. Pulse Investments slid 49 cents to close at $6.50 with 30,900 shares changing hands, Radio Jamaica gained 15 cents and closed at $1.85, trading 402,611 units, Sagicor Group slid $2.49, closing at $33.01 with trades of 25,617 units, Sagicor Real Estate fund closed at $11.05, losing 45 cents with an exchange of 30,954 units, Salada traded 100 units at $9.24. Scotia Group declined by $2.10 to close at $41, having traded 60,327 shares. Scotia Investments climbed higher by $4.50 to $42.50, trading 24,747 shares, Supreme Ventures closed lower at $5.68 with a loss of 2 cents and 67,700 shares traded, Proven Investments lost 2 US cents trading 126,922 ordinary shares, to close at 30 US cents and JMMBGL 7.5% preference share, lost 1 cent, with trades of 263,465 units, to close at $1.09.

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Jamaican stocks down sharply on Monday

February 13, 2017 by

Jamaica Stock Exchange dropped to $10.60

Prices mostly pulled back for Jamaican stocks on Monday, with big fall in market indices as more stocks fell than advanced at the close of trading on the Jamaica Stock Exchange with 46 securities changing hands in the overall market ending with 16 stocks rising and 17 falling.
The market closed Monday, with 6 stocks gaining and 15 declining coming from the junior market as 6 securities ending at new 52 weeks’ closing highs.
The All Jamaica Composite Index dropped 3,171.06 points to close at 254,224.65, the JSE Market Index dived 2,835.48 points to finish at 231,696.54 and the JSE combined index plunged 3,008.67 points, to close at 246,726.43.
At the close, 17,383,764 units valued at $129,272,080 changed hands, compared to 23,308,737 units valued at $169,240,005 changing hands on Friday. Of the stocks traded, the junior market accounted for 13,224,639 units valued at over $70,476,295.
The average trade for the day in the main market ended at 179,527 shares compared to an average of 116,707 units on Friday. For the month to date, an average of 166,045 shares compared to an average of 152,563 units up to the prior trading day. January ended with an average of 592,602 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 20 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Berger Paints traded 145,500 shares at $12, Cable and Wireless closed at $1.25 trading 758,788 units, Caribbean Cement closed at $30.60, losing $2.40 with an exchange of 18,000 shares. Carreras traded 20,128 units and closed at $67, trading in 1834 Investments ended with an increase of 3 cents to close at $2.15 with 254,139 shares changing hands, Grace Kennedy closed at $40.65 with 70,634 units changing hands. Jamaica Broilers closed at $16.25 with an exchange of 18,057 shares, Jamaica Producers advanced $1.72 to close at a 52 weeks’ high of $21.72 with 59,292 units changing hands, Jamaica Stock Exchange dropped $3 and closed at $10.50 with 163,955 shares traded, JMMB Group gained 10 cents to close at $19.60 with 336,314 units traded. Kingston Wharves dropped $2 to close at $31.50 with trades of 7,065 units, Mayberry Investments gained 25 cents, closing at $5.75 with 54,645 shares changing hands, National Commercial Bank added 10 cents to close at $65, after swapping 26,583 shares. 138 Student Living traded 438,159 units at $4.50, Pan Jamaican ended trading at a 52 weeks’ high of $44, gaining $4 with an exchange of 35,183 shares. Radio Jamaica gained 2 cents and closed at $1.70 trading 345,833 units, Sagicor Group closed at $35.50 with trades of 34,157 units, Sagicor Real Estate fund closed at $11.50, gaining $1.50 with an exchange of 3,550 units, Scotia Group closed at $43.10, having traded 276,859 shares. Supreme Ventures closed at $5.70 with 625,973 shares traded and Proven Investments gained 2 US cents trading 389,057 ordinary shares to close at 32 US cents.

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140% jump in past week for JSE stock

February 11, 2017 by

Major moves in the past week in the main market indices of the Jamaica Stock Exchange saw the market indices climbing sharply on three days, with more than 8,000 points on Thursday, more than 5,000 points move on Tuesday and one with over 2,300 points on Monday.
By the close on Friday, the market rose more than 7 percent in the week.
Jamaica Stock Exchange jumped sharply during the week by 140 percent, to $13.50 and joined Cargo Handlers, Kingston Wharves and Jamaica Producers with PE in excess of 30 times 2017 projected earnings. During the past week of rapid gains in some stocks, Radio Jamaica, Barita Investments, JMMB Group, Berger Paints and Scotia Investments all recorded gains during the week, with each hitting new 52 weeks’ highs.
The week closed with the full slate of stocks remaining in the IS Insider’s TOP 10. During the week Pulse Investments released quarterly results to December, with slightly lower profit for the quarter than in 2015 but with improved six months numbers over 2015.
The target PE used in the projecting prices is based on the market’s PE for 2016 earnings, for 12 stocks in the junior market and 11 in the main market that are selling around this level, with some well over.

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Jamaican stocks hit new highs – Friday

February 10, 2017 by

Bulls pushed stocks higher on Friday, with the all market indices moving to new record highs on the Jamaica Stock Exchange with 56 securities changing hands in the overall market ending with 25 stocks rising and 13 falling.
The market closed Friday, with 10 stocks gaining and 4 declining coming from the junior market as 6 securities ending at new 52 weeks’ closing highs.
The All Jamaica Composite Index rose 646.51 points to close at record 257,395.71, the JSE Market Index gained 578.09 points to finish at record close of 234,532.02 and the JSE combined index climbed 740.72 points, to close at new closing high of 249,735.10. The movement of the main market, for the year to date, resulted to gains of 22.5 percent, for the all Jamaica Composite Index, with the JSE Market Index up 22 percent. The moves in the indices are subject to change as the stock exchange daily postings indicate that there are errors in the reports since the new trading system was activated on Monday.
At the close, 23,308,737 units valued at $169,240,005 changed hands, compared to 13,502,301 units valued at $146,199,269 changing hands on Thursday. Of the stocks traded, the junior market accounted for 18,452,895 units valued at over $81,504,636.
The average trade for the day in the main market ended at 116,707 shares compared to an average of 200,657 units on Thursday. For the month to date, an average of 152,563 shares compared to an average of 188,419 units up to the prior trading day. January ended with an average of 592,602 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 12 stocks with bids higher than their last selling prices and none with lower offers.
In market activity, Berger Paints traded 9,118 shares at $12, Cable and Wireless gained 11 cents to close at $1.25 trading 594,541 units, Caribbean Cement closed at $33, gaining $1 with an exchange of 34,000 shares. Carreras traded 21,609 units, gaining 1 cent and closed at $67, investors pushed 1834 Investments higher by 26 cents to $2.12 with 44,419 shares trading, Grace Kennedy closed at $40.65, gaining 65 cents with trades of 83,470 units. Jamaica Broilers closed at $16.25 with an exchange of 76,657 shares, Jamaica Producers declined by $1 to close at $20 with 168,659 units changing hands, Jamaica Stock Exchange climbed to a 52 weeks’ closing high of $13.50, gaining $2.90 with 132,518 shares traded,

Jamaica Stock Exchange climbed to a 52 weeks’ closing high of $13.50.

JMMB Group lost 49 cents to close at $19.50 with 87,786 units traded. Kingston Properties closed at $10 trading 24,500 units, Kingston Wharves advanced $3.50 to close at $33.50 with trades of 103,691 units, Margaritaville Turks traded 1,000 units at 35 US cents, Mayberry Investments lost 30 cents, closing at $5.50 with 75,272 shares changing hands, National Commercial Bank gained 90 cents to close at $64.90, after swapping 102,748 shares. 138 Student Living traded 240,303 units at $4.50, Pan Jamaican traded higher by $4.98 to close at a 52 weeks’ high of $40 with an exchange of 6,655 shares, Portland JSX gained 50 cents and closed at $10.50 trading 69,400 units, Pulse Investments lost 2 cents to close at $6.99 with 543,712 units changing hands. Radio Jamaica gained 28 cents and closed at $1.68, trading 171,867 units, Sagicor Group gained 50 cents, closing at a 52 weeks’ high of $35.50 with trades of 27,472 units, Sagicor Real Estate closed at $10.50 with an exchange of 455,338 units, Salada lost 1 cent trading 1,802 shares and closed at $9.24. Scotia Group ended trading with a loss of $4.41 to close at $43.10, having traded 91,059 shares, Scotia Investments closed at $38, dropping $3.41 after trading 88,988 units, Seprod closed at $31.01, adding 1 cent with trades of 5,622 units, Supreme Ventures added 16 cents to close at $5.70 with 192,200 shares traded. Proven Investments lost 5 US cents trading 1,230,011 ordinary shares to close at 30 US cents, JMMB Group 7.25% preference share closed at $1.50 with 1,000 units traded and JMMB Group 7.5% preference share closed at $1.10, with 169,925 units exchanged.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

17 new highs for JSE stocks on Thursday

February 9, 2017 by

Scotia Group was one of 17 stocks to close at a 52 weeks’ high on Thursday.

Bulls pushed the stock market hard on Thursday, with the all market indices surging to new record highs on the Jamaica Stock Exchange with 17 securities ending at new 52 weeks’ closing highs.
The market closed Thursday, as 48 securities changed hands in the overall market, ending with 26 stocks rising and 12 falling, including 16 stocks gaining and 3 declining, in the junior market.
The All Jamaica Composite Index surged 7,266.97 points to close at record 256,749.20, the JSE Market Index jumped 6,497.96 points to finish at record close of 227,455.97 and the JSE combined index climbed sharply by 6,919.27 points, to close at new closing high of 248,994.38. The movement of the main market, for the year to date, resulted to gains of 22.2 percent, for the all Jamaica Composite Index, with the JSE Market Index up 18.7 percent. The moves in the indices are subject to change as the stock exchange daily postings indicate that there are errors in the reports since the new trading system was activated on Monday.
At the close, 13,502,301 units valued at $265,917,085 changed hands, compared to $146,199,269 units valued at $265,917,085 changing hands on Wednesday. Of the stocks traded, the junior market accounted for 7,916,160 units valued at over $42,290,565.
The average trade for the day in the main market ended at 200,657 shares compared to an average of 355,210 units on Wednesday. For the month to date, an average of 188,419 shares traded compared to an average of 176,182 units up to the prior trading day. January ended with an average of 592,602 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks with bids higher than their last selling prices and 6 with lower offers.
In market activity, Berger Paints advanced $1.75 to a new 52 weeks’ high of $12, while trading 6,101 shares, Cable and Wireless lost 3 cents to close at $1.14 with trades of 273,176 units, Caribbean Cement closed at $32 with an exchange of 124,119 shares. Carreras traded 18,307 units, gaining 24 cents and closed at $66.99, Investors pushed 1834 Investments up by 16 cents to close at $1.86 in trading 28,194 shares, Grace Kennedy closed at $40, in losing 65 cents with trades of 33,486 units. Jamaica Broilers gained 25 cents with an exchange of 21,495 shares to close at 52 weeks’ high of $16.25, Jamaica Producers advanced $1.50 to close at 52 weeks’ high of $21 with 37,466 units changing hands, Jamaica Stock Exchange gained 60 cents to close at 52 weeks’ high of $10.60 with 21,813 shares traded. JMMB Group lost 1 cent to close at $19.99 with 61,718 units traded, Kingston Wharves closed at $30 with trades of 8,200 units, Mayberry Investments lost 10 cents to close at $5.80 with 251,786 shares changing hands,

Proven Investments traded at a new high on Thursday.

National Commercial Bank fell by $1, closing at $64 after swapping 425,055 shares. 138 Student Living traded 6,277 units at $4.50, Pan Jamaican advanced $1.02 trading 22,345 shares and closed at 52 weeks’ high of $35.02, Pulse Investments added 1 cent to close at $7.01 with 38,925 units changing hands. Radio Jamaica lost 10 cents and closed at $1.40 trading 806,081 units, after trading as high as $1.70, Sagicor Group gained $2, closing at a 52 weeks’ high of $35, with trades of 13,935 units, Sagicor Real Estate climbed to $10.50, by gaining 30 cents with an exchange of 2,438,682 units. Scotia Group ended trading with gains of $3.51 closed at a 52 weeks’ high of $47.51 having traded 206,153 shares, Scotia Investments closed at a 52 weeks’ high of $41.41 with gains of $5.41, after trading 60,100 units, Seprod closed at a 52 weeks’ high of $31 with trades of just 130 units. Supreme Ventures added 4 cents to close at $5.54 with 105,474 shares traded, Proven Investments traded 569,727 ordinary shares to close with a gain of 4 cents at a 52 weeks’ high of 35 US cents and JMMB Group 7.5 preference share closed at $2.06, a gain of 2 cents with 3,296 units exchanged.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

26 JSE stocks rise & 11 fall – Wednesday

February 8, 2017 by

Jamaica Stock Exchange jumped to a 52 weeks’ high of $12 on Wednesday.

Stocks climbed more moderately on Wednesday to new record high on the Jamaica Stock Exchange than it did on Tuesday, in continuation of a comfortable ride to 265,000 points mark, the next area of potential major resistance for Jamaica’s main market.
The market closed Wednesday, as 49 securities changed hands in the overall market, ending with 26 stocks rising and 11 falling, including 16 stocks gaining and 3 declining, in the junior market while 14 securities ended at new 52 weeks’ closing highs.
The All Jamaica Composite Index gained 714.88 points to close at record 249,482.23, the JSE Market Index rose 639.22 points to finish at record close of 227,455.97 and the JSE combined index increased by 601.83 points, to close at new closing high of 242,075.11. The movement of the main market, for the year to date, resulted to gains of 18.5 percent, for the all Jamaica Composite Index, with the JSE Market Index up 18.7 percent. The moves in the indices are subject to change as the stock exchange daily postings indicate that there are errors in the reports since the new trading system was activated on Monday.
At the close, 20,631,314 units valued at $265,917,085 changed hands, compared to 10,455,555 units valued at $80,043,145 changing hands on Tuesday. Of the stocks traded, the junior market accounted for 11,553,647 units, valued at $90,755,608.
The average trade for the day in the main market ended at 355,210 shares compared to an average of 265,989 units on Tuesday. For the month to date, an average of 176,182 shares compared to an average of 188,966 units up to the prior trading day. January ended with an average of 592,602 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 12 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Barita Investments gained 20 cents to close at a 52 weeks’ high of $7.70 with trades of 5,000 units, Berger Paints slid $1.25 trading 12,851 shares to close at $10.25, Cable and Wireless traded 387,604 units, losing 2 cents to close at $1.17, Caribbean Cement closed at $32 with an exchange of 49,185 shares. Carreras traded 8,310 units, gaining 45 cents and closed at $66.75, investors pushed 1834 Investments 20 cents higher to close at $1.70 while trading 299,625 shares, Grace Kennedy closed at $40.65 with trades of 71,840 units. Jamaica Broilers advanced 50 cents trading 57,050 shares, to close at 52 weeks’ high of $16, Jamaica Producers gained $1, closing at a 52 weeks’ high of $19.50 with 83,700 units changing hands, Jamaica Stock Exchange jumped to a 52 weeks’ high of $12 for a gain of $4 with 700 shares traded. JMMB Group climbed $2.20 to close at a 52 weeks’ high of $20 with 2,713,535 units traded, Kingston Wharves fell to $30, losing $4 with trades of 6,829 units, Mayberry Investments exchanged 167,236 shares at $5.90, National Commercial Bank advanced $2.80, closing at $65, after swapping 11,046 shares.

Jamaica Broilers closed at a 52 weeks’ high on Wednesday

138 Student Living traded 5,400 units at $4.50, Pulse Investments lost 9 cents to close at $7 with 76,800 units changing hands. Radio Jamaica exchanged 469,076 units at $1.50, Sagicor Group gained $2 and closed at $33 with trades of 30,375 units, Sagicor Real Estate fund lost 3 cents to close at $10.20 with an exchange of 3,600,00 units and Scotia Group ended trading with a loss of $2 to close at $44, having traded 241,678 shares. Scotia Investments gained 50 cents, after trading 3,000 units and closed at a 52 weeks’ high of $36. Supreme Ventures lost 20 cents to close at $5.50 with 100,349 shares traded, Proven Investments traded 552,539 ordinary shares to close at 31 US cents, after trading at a 52 weeks’ intraday high of 35 US cents, JMMB Group 7.5% preference share, closed at $1.10 with 90,600 units being exchanged and JPS 9.5 preference share traded 33,242 units at $1,276.50 after falling by $6.50.

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JSE blast past resistance on Tuesday

February 7, 2017 by

Stocks jump to new records in trading on Tuesday with the All Jamaica Composite Index blasting pass resistance around the 243,000 level in decisive fashion. The market should have a comfortable rise to 265,000 points mark, the next area of resistance.
The market closed on Tuesday, as 51 securities changed hands in the overall market, ending with 27 stocks rising and 13 falling, including 11 stocks gaining and 7 declining, in the junior market while 9 securities ended at new 52 weeks’ closing highs.
The All Jamaica Composite Index jumped 5,829.59 points to close at record 248,767.35, the JSE Market Index climbed 5,212.68 points to finish at record close of 226,816.75 and the JSE combined index shot up by 5,336.51 points, to close at new closing high of 241,473.28. The movement of the main market, for the year to date, resulted to gains of 18.4 percent, for the all Jamaica Composite Index, with the JSE Market Index up 18 percent.

PanJam Investment jumped $3 in trading on Tuesday..

At the close, 10,455,555 units valued at $80,043,145 changed hands, compared to 4,099,498 units valued at $80,043,145 changing hands on Monday. Of the stocks traded, the junior market accounted for 1,530,168 units, valued at $11,104,756.
The average trade for the day in the main market ended at 176,182 shares compared to an average of 188,966 units on Friday. For the month to date, an average of 176,769 shares traded, versus an average of units 250,588 units up to the prior trading day. January ended with an average of 592,602 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 10 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Berger Paints gained 10 cents to close at $11.50 trading 131,209 shares, Cable and Wireless traded 3,845,588 units, adding 4 cents to close at $1.19, Caribbean Cement lost $1 to close at $32 with an exchange of 21,613 shares. Carreras traded 576,857 units, losing 45 cents and closed at $66.30, while 1834 Investments traded 125,543 shares, gaining 5 cents to close at $1.50, Grace Kennedy added 1 cent, closing at $40.65 with trades of 129,462 units. Jamaica Broilers gained 2 cents trading 597,464 shares to close at $15.50, Jamaica Producers traded 107,150 units, losing 50 cents to close at $18.50, Jamaica Stock Exchange closed at $8 for a gain of $1.79 with 1,600 shares changing hands, JMMB Group dropped 19 cents to close at $17.80 with 3,888 units traded. Kingston Properties exchanged 1,500 shares at $10, Kingston Wharves closed at $34, gaining $1 with trades of 4,050 units, Mayberry Investments exchanged 20,400 shares with gains of 5 cents to close at $5.90, National Commercial Bank declined $2.70 in closing at $62.20, after swapping 22,435 shares. 138 Student Living traded 10,765 units at $4.50, Pan Jamaican gained $3 to close at $34 with 12,850 shares traded, Portland JSX closed at $10 after trading 500 units, Pulse Investments closed at $7.09 with 10,000 units changing hands. Radio Jamaica gained 20 cents, closing at $1.50 with 154,800 shares changing hands, Sagicor Group traded 20,442 units at $31, Sagicor Real Estate fund gained 3 cents and closed at $10.23 with an exchange of 907 units, Salada rose $1.25 in trading 20,000 shares at $9.25. Scotia Group ended trading with gains of $1.01 to close at $46, having traded 88,515 shares, Scotia Investments gained 43 cents, after trading 7,135 units and closed at a 52 weeks’ high of $35.50, Sterling added 5 cents to close at $15.65 with trades of 500 units. Supreme Ventures closed at $5.70, for a gain of 15 cents with 66,814 shares traded, JMMB 7.25 closed at $1.50, with 430 units exchanged and JMMB Group 7.5% preference share traded 2,650 units at $1.10.

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