Jamaican majors end at 214,159 points.

January 23, 2017 by

Jamaica Producers rose by $1.47 to end at a 52 weeks’ high of $11.

The main market of the Jamaica Stock Exchange, closed at a new high on Monday as advancing were nearly twice as many as declining ones in the overall market. The market enjoyed another day of good volumes with the values exceeding $200 million for the third consecutive day.
The market closed with 33 securities changing hands, 16 stocks gained and 10 declined in the overall market, including 6 stocks rising and 7 falling, in the junior market.
At the close the All Jamaica Composite Index gained 1,313.02 points to close at 214,159.89. The JSE Market Index rose 1,174.08 points to finish at 195,871.59 and the JSE combined index climbed 1,134.09 points to close at 210,232.22.
At the close with 20,100,275 units valued at $241,271,357 changed hands, compared to 38,043,877 units valued at $286,247,575 changing hands on Friday. Of the stocks traded, the junior market accounted for 1,892,208 units valued at $12,483,279.
The average trade for the day in the main market ended at 958,319 shares compared to an average of 601,774 units traded on Monday. An average of 736,679 units traded for the month to date, versus 515,038 units on the previous trading day, compared with an average of 549,379 units, December ended with.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 14 stocks with bids higher than their last selling prices and 5 with lower offers.
In market activity, Investors continued to react positively to nine months results, showing a sharp hike in profit for Berger Paints, pushing the price to a new closing high at $7.99 while trading 25,000 shares. Cable and Wireless ended with 465,017 units at $1.19, after gaining 7 cents, Caribbean Cement traded 46,985 shares to close at $30.52 with a rise of 2 cents, Grace Kennedy had 177,361 units trading, to close at $40.48, after gaining $1.48, Jamaica Broilers lost 3 cents and closed at $15.47 with 6,876,548 shares changing hands. Jamaica Producers traded 22,200 shares, rising by $1.47 to end at a 52 weeks’ high of $11, Jamaica Stock Exchange traded 75,579 shares at $5.60, JMMB Group traded 42,686 units at $15.31, Kingston Wharves ended up trading 8,361 units to close at $25.01, after losing 29 cents. Mayberry traded 7,500 shares and closed at $4.25, gaining 20 cents in the process, National Commercial Bank added 50 cents in swapping 381,306 shares to close at $52, Pan Jamaican traded 12,723 units to close at $29.75, Portland JSX added 1 cent to close at $9.01 while trading 10,000,000 units. Sagicor Group closed with 37,440 shares changing hands with a loss of 4 cents at $29, Sagicor Real Estate fund gained 20 cents in trading 2,000 units to close at $10.20, Scotia Group, with 900 shares changing hands, gained 50 cents to close at $35.50 and Supreme Ventures traded 5,500 shares to close at $5.21.

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JSE majors close down Friday

January 20, 2017 by

Berger closed at a new all-time high on Friday

The main market of the Jamaica Stock Exchange, recovered some lost ground in the indices on Friday but with more stocks advancing than declining in the overall markets. The market enjoyed the second day of heavy volumes in a number of stocks, including Jamaica Stock Exchange share with more than 6 million units.
The market closed with 46 securities changing hands, 18 stocks gained and 14 declined in the overall market, including 9 stocks rising and 7 falling, in the junior market. One security in the main market and one in the junior market closed trading at an all-time high and one in the junior market traded at an intraday high while Portland JSX closed at a new low.
At the close the All Jamaica Composite Index lost 671.11 points to close at 212,846.87. The JSE Market Index slipped 600.10 points to finish at 194,697.51 and the JSE combined index declined by 392.65 points to close at 209,098.13.
At the close with 38,043,877 units valued at $286,247,575 changed hands, compared to 14,496,376 units valued at $291,803,792 changing hands on Wednesday. Of the stocks traded, the junior market accounted for 22,999,535 units, changing hands, valued at $127,583,667.
The average trade for the day in the main market ended at 601,774 shares compared to an average of 367,156 units traded on Wednesday. An average of 515,038 units traded for the month to date, versus 428,302 units on the previous trading day, compared with an average of 549,379 units, December ended with.
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 none with lower offers.
In market activity, Investors reacted positively to nine months results, showing a sharp hike in profit for Berger Paints, pushing the price to a new closing high at $6.75 while trading of 85,937 shares. Cable and Wireless ended with 1,872,517 units at $1.12, after gaining 1 cent, Caribbean Cement traded 58,218 shares to close at $30.50, Carreras closed at $66.75 with 61,025 shares changing hands after rising by 25 cents. Grace Kennedy had 33,738 units trading, to close at $39, Jamaica Broilers rose 50 cents and closed at $15.50 with 47,477 shares changing hands, Jamaica Producers traded 1,763,796 shares to end with a fall of 7 cents at $9.53. Jamaica Stock Exchange traded 6,119,966 shares, to end at $5.60, JMMB Group traded 2,050,959 units to end at $15.31, Kingston Wharves ended up trading 73,943 units to close at $25.31. National Commercial Bank fell 50 cents in swapping 12,573 shares, to close at $51.50, investors swapped 1 million units of 138 Student Living, at $4.50, Pan Jam Investment traded 21,420 units with the price slipping 25 cents to end at a $29.75, Portland JSX lost 20 cents to close at a 52 weeks’ low of $9 while trading 23,000 units. Radio Jamaica traded 16,329 units and rose 12 cents to close at $1.40, Sagicor Group closed with 374,817 shares changing hands with a rise of 58 cents at $29.04 Sagicor Real Estate fund lost 22 cents in trading 18,700 units to close at $10, Scotia Group with 137,003 shares changing hands, lost $1 to close at $35. Scotia Investments gained 50 cents with 1,174,023 units trading, to end at $33, Seprod traded 5,739 shares but fell 50 cents in closing at $29.50 and Proven Investments traded 81,000 ordinary shares to close at 23 US cents.

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

Value of Jamaican stocks slip – Wednesday

January 18, 2017 by

Jamaica Producers traded at a new high of $10.

The main market of the Jamaica Stock Exchange, shed a little more ground, but closed out Wednesday ‘s trading with advancing and declining stocks being equal, in the overall markets.
At the close the All Jamaica Composite Index lost 211.20 points to close at 213,310.21. The JSE Market Index slipped 188.86 points to finish at 195,111.82 and the JSE combined index fell 262.00 points to close at 209,274.40.
The market closed with 40 securities changing hands, 14 stocks gained and 14 declined in the overall market, including 3 stocks rising and 5 falling, in the junior market. One security ended trading at a new high and two at new lows, while one traded at an intraday high.
At the close with 6,870,141 units valued at $43,857,890 changed hands, compared to 4,982,675 units valued at $90,430,065 changing hands on Tuesday. Of the stocks traded, the junior market accounted for 1,865,673 units, changing hands, valued at $12,828,651.
The average trade for the day in the main market ended at 217,586 shares compared to an average of 138,833 units traded on Tuesday. An average of 528,824 units traded for the month to date, versus 489,448 units on the previous trading day, compared with an average of 549,379 units, December ended with.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 14 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Berger Paints ended trading of 49,420 shares to close at $6, Cable and Wireless ended with 3,797,843 units at $1.13, after falling 17 cents, Caribbean Cement traded 12,872 shares to close at $32, Carreras closed at $66.30 with 10,000 shares changing hands after falling by 20 cents. Grace Kennedy had 2,813 units trading, with the price falling 55 cents, to close at $40.10, Jamaica Broilers rose 88 cents and closed at $15.50 with 3,000 shares changing hands, Jamaica Producers traded 62,060 shares to end with a rise of 50 cents to close at a 52 weeks’ high of $10. Jamaica Stock Exchange dipped 4 cents in trading 6,300 shares, to end at $5.56, JMMB Group traded 283,799 units to end at $15.20, Kingston Wharves lost 20 cents in trading 13,200 units to close at $25.31, but retreated from an intraday high of $26.75. Mayberry Investments gained 5 cents in trading 170,522 units and ended at $4.75. National Commercial Bank fell 21 cents swapping 21,233 shares, to close at $51.54, Portland JSX lost 20 cents to close at a 52 weeks’ low of $10 while trading 958 units, Pulse Investments traded 57,791 units and dropped 80 cents to close at $3.70. Sagicor Group closed with 62,000 shares changing hands with a rise of 20 cents at $28.50, Scotia Group with 38,123 shares changing hands, rose 10 cents to close at $36.60, Scotia Investments gained $1 with 1,000 units trading, to end at $33.49. Seprod traded 700 shares but rose 49 cents in closing at $30, Supreme Ventures lost 4 cents in trading 2,000 units at $5.11 and Proven Investments traded 356,514 ordinary shares to close at 22 US cents.

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

Jamaican stocks cede ground on Tuesday

January 17, 2017 by

The main market of the Jamaica Stock Exchange, ceded some grounds to close out Tuesday ‘s trading. Advancing stocks being just below decliners.
At the close the All Jamaica Composite Index lost 118.15 points to close at 213,521.41 and is just 9 points adrift from the all-time high reached on January 6. The JSE Market Index slipped 105.65 points to finish at 195,300.68 and the JSE combined index fell 50.23 points to close at 209,536.40.
The market closed with 40 securities changing hands, 16 stocks gained and 11 declined in the overall market, including 6 stocks rising and 5 falling, in the junior market.
At the close with 4,982,675 units valued at $90,430,065 changed hands, compared to 24,599,887 units valued at $157,873,358 changing hands on Monday. Of the stocks traded, the junior market accounted for 1,234,173 units, changing hands, valued at $7,873,809.
The average trade for the day in the main market ended at 138,833 shares compared to an average of 688,233 units traded on Monday. The average for the month to date, is 489,448 versus 840,062 units on the previous trading day, well below the average of 549,379 units, December ended with.
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 3 with lower offers.
In market activity, Berger Paints ended trading of 32,268 shares to close at $6, Cable and Wireless ended with 1,623,683 units at $1.30, after gaining 15 cents, Caribbean Cement ended with a fall of $1 while trading 255,458 shares to close at $32, Carreras closed at $66.50 with 7,191 shares changing hands after falling by 25 cents. Grace Kennedy had 112,010 units trading, with the price rising 55 cents, to close at $40.65, Jamaica Broilers fell 88 cents and closed at $14.62 with 54,101 shares changing hands, Jamaica Producers traded 30,807 shares to end at $9.50, Jamaica Stock Exchange traded 72,932 shares, to end at $5.60, JMMB Group traded 79,284 units to end at $15.20. Kingston Wharves gained 51 cents in trading 11,095 units to close at 52 weeks’ high of $25.51, National Commercial Bank fell 25 cents swapping 10,672 shares to close at $51.75, investors swapped 877,115 units of 138 Student Living at $4.50. Pan Jam Investment traded 47,415 units with the price jumping $3.40 to end at a $30, Portland JSX traded 3,242 units to end with a loss of 80 cents at a 52 weeks’ low of $10.20. Pulse Investments traded 24,651 units and gained 50 cents to close at $4.50, but ended trading with the offer at $4. Radio Jamaica traded 337,368 shares to close at $1.28, Sagicor Group closed with 4,900 shares changing hands with a rise of 9 cents at $28.30, Scotia Group with 49,400 shares changing hands, rose 50 cents to close at $36.50, Scotia Investments fell 1 cent with 16,232 units trading, to end at $32.49. Seprod traded 21,012 shares but lost 89 cents in closing at $29.51, Supreme Ventures lost 14 cents in trading 37,216 units at $5.15 and Proven Investments traded 14,970 ordinary shares to close at 21.99 US cents.

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

Jamaican stocks mostly up – Thursday

January 12, 2017 by

The main market of the Jamaica Stock Exchange, lost some more grounds at the close on Thursday but the junior market hit a new closing high, even as advancing stocks beat out declining ones 3 to 1.
At the close the All Jamaica Composite Index , fell 82.08 points to close at 211,198.00 The JSE Market Index lost 1,374.61 points to finish at 193,223.13. Thanks to moderate gains in the junior market, the JSE combined index rose 240.58 points to close of 207,477.14.
The market closed with 43 securities changing hands, 23 stocks gained and 7 declined in the overall market, including 5 stocks rising and 6 falling, in the junior market.
At the close with 6,801,958 units valued at $105,007,240 changed hands, compared to 55,154,094 units valued at just $80,360,424 changing hands on Wednesday. Of the stocks traded, the junior market accounted for 3,135,713 units, changing hands, valued at $16,330,699.
The average trade for the day in the main market ended at 2,261,669 shares compared to an average of 1,243,069 units traded on Wednesday. The average for the month to date, is versus 224,468 units on the previous trading day, well below the average of 549,379 units, December ended with.
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 5 with lower offers.
In market activity, Barita Investments gained 17 cents and ended trading 112,000 shares to close at 52 weeks high of $6.17, after trading at a low of $5.55 for the day. Cable and Wireless ended with 178,465 units at 98 cents, after gaining 8 cents, Caribbean Cement ended with a rise of $1.40 while trading just 6,680 shares to close at $35.40, Carreras lost 75 cents and closed at $66 with, 44,510 shares changing hands, Grace Kennedy had 37,432 units trading, with the price rising 55 cents, to close at $40.65. Jamaica Broilers rose by 70 cents and closed at $15.50 with 6,615 shares changing hands, Jamaica Producers traded 113,500 shares to end at $9.41, Jamaica Stock Exchange rose by 1 cents in trading 84,987 shares, to end at $5.60, JMMB Group traded 5,079,776 units and fell 44 cents to end at $15.01. National Commercial Bank traded 85,928 shares while rising of $1 to close at $52, Pan Jam Investment traded 6,975 shares and rose 8 cents to close at $26.60, Portland JSX traded 16,000 units at $11. Pulse Investments ended at $4 with 21,600 units changing hands, Sagicor Group closed with 25,000 shares changing hands with a loss of 40 cents at $28.10. Scotia Group with 28,023 shares changing hands, rose 51 cents to close at $35.01, Scotia Investments gained 40 cents with 38,160 units trading, to end at $31.50, Seprod traded 9,152 shares to gain 5 cents in closing at $30. Proven Investments traded 86,500 ordinary share to close at 22 US cents and JMMB US 6% preference shares ended at US$1.11, with 65,240 units changing hands.

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

Large trades in C&W shares – Wednesday

January 11, 2017 by

Mayberry crossed 40m C&W shares.

Mayberry Investments crossed 40,000,000 Cable & Wireless shares and NCB Capital Markets sold 8.8 million units with Victoria Mutual Wealth Management purchasing them for a client, helped the stock to trade up 92 cents. The stock eventually closed at 90 with a 3 cents rise with 51,204,066 units changing hands.
There has been increased interest in the stock with bids growing in numbers after the price collapsed late last year to a low of 65 cents, as the release of the company’s next set of financials draws close.
The gain in Cable & Wireless did not prevent the main market of the Jamaica Stock Exchange, losing more grounds on Wednesday, following Tuesday’s fall, even as advancing stocks beat out declining ones as a big fall in the price of Scotia Group did damage to the indices. Also helping are a $1 decline of NCB and Kingston Wharves dipping more than $1.
At the close the All Jamaica Composite Index , dropped 1,537.30 points to close at 211,280.08. The JSE Market Index lost 1,374.61 points to finish at 193,296.53. Thanks to moderate gains in the junior market, the JSE combined index fell 1,193.40 points to close of 207,236.56.
The market closed with 38 securities changing hands as 17 stocks gained and 12 declined in the overall market, including 5 stocks rising and 6 falling, in the junior market.
At the close with 55,154,094 units valued at just $80,360,424 changed hands, compared to 7,603,225 units valued at just $132,166,453 changing hands on Tuesday. Of the stocks traded, the junior market accounted for 3,135,713 units, changing hands, valued at $16,330,699.
The average trade for the day in the main market ended at 2,261,669 shares compared to an average of 1,243,069 units traded on Tuesday. The average for the month to date, is versus 224,468 units on the previous trading day, well below the average of 549,379 units, December ended with.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 16 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Berger Paints ended trading 17,080 shares to close at $6, Caribbean Cement ended with a fall of 40 while trading just 15,000 shares to close at $34, Carreras recovered 16 cents and closed at $66.75 with 5,019 shares changing hands, Grace Kennedy had 45,709 units trading, with the price rising 9 cents, to close at $40.10. Jamaica Broilers rose by 20 cents and closed at $14.80 with 56,061 shares changing hands, Jamaica Producers lost 29 cents to end at $9.41 with 5,976 units trading, Jamaica Stock Exchange rose by 2 cents in trading 10,000 shares, to end at $5.59, JMMB Group traded 331,250 units and gained 35 cents to end at $15.45. Kingston Wharves dropped $1.49 in trading 1,325 units to close at $23.50, Mayberry Investments lost 5 cents and ended at $4.75 with 13,796 shares changing hands, National Commercial Bank traded 21,750 shares while falling of $1 to close at $51. Pan Jam Investment traded 1,447 shares and rose 2 cents to close at $26.52, Radio Jamaica climbed 10 cents to close at $1.45 after 118,808 shares changed hands, Sagicor Group closed with 24,466 shares changing hands with a loss of 50 cents at $28.50, Sagicor X Fund ended with 5,988 units trading at $10.50. Scotia Group with 17,900 shares changing hands, dropped $3.50 to close at $34.50, Scotia Investments gained 5 cents with 30,000 units trading, to end at $31.10. Jamaica Money Market Brokers 7.50% preference share gained 15 cents in trading 68,132 units to close at $2.15 and JMMB US 6 percent preference shares rose 1 cent and ended at US$1.11, with 34,760 units changing hands.

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

Majors retreat again – Tuesday

January 10, 2017 by

The main market of the Jamaica Stock Exchange, lost more grounds on Tuesday, following Monday’s fall, even as advancing stocks beat out declining ones, 3 to 2.
At the close the All Jamaica Composite Index , slipped 414.61 points to close at 212,817.38. The JSE Market Index fell 370.75 points to finish at 194,671.14. Thanks to moderate gains in the junior market, the JSE combined index fell 244.89 points to close at 208,674.85.
The market closed with 43 securities changing hands. 18 stocks gained and 13 declined in the overall market, including 10 stocks rising and 6 falling, in the junior market.
At the close with 7,603,225 units valued at just $132,166,453 changed hands, compared to 2,566,885 units valued at $17,585,399 changing hands on Monday. Of the stocks traded, the junior market accounted for 1,095,189 units, changing hands, valued at $6,212,985.
The average trade for the day in the main market ended at 282,958 shares compared to an average of 76,614 units traded on Monday. The average for the month to date, is 224,468 versus 165,979 units on the previous trading day, well below the average of 549,379 units, December ended with.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 14 stocks with bids higher than their last selling prices and 5 with lower offers.
In market activity, Berger Paints ended trading 6,077 shares to close at $6, Cable & Wireless gained 2 cents to close at 87 cents with 693,453 units trading, Caribbean Cement ended with a fall of $3 while trading just 8,453 shares to close at $33.50. Carreras lost 16 cents and closed at $66.59 with 14,968 shares changing hands, Investors traded 2,415,247 shares of 1834 Investments to close at $1.26 after rising 6 cents. Grace Kennedy had 55,485 units trading with the price falling 49 cents to close at $40.01, Jamaica Broilers closed at $14.60 with 17,847 shares changing hands, Jamaica Stock Exchange lost 3 cents in trading 41,393 shares, to end at $5.57, JMMB Group traded 2,788 units and lost 35 cents to end at $15.10. Kingston Properties rose 94 cents in trading 11,779 units to close at $9, Mayberry Investments lost 5 cents and ended at $4.75 with 13,796 shares changing hands, National Commercial Bank traded 2,001,100 shares with a gain of $1.79 to close at $52. Pan Jam Investment traded 1,447 shares and rose 2 cents to close at $26.52, Radio Jamaica climbed 13 cents to close at $1.35 after 14,479 shares changed hands, Sagicor Group closed with 105,859 shares changing hands with a loss of 4 cents at $29, Sagicor X Fund ended with 33,019 units trading at $10.50 and gained 29 cents. Scotia Group with 3,595 shares changing hands and closed at $38, Scotia Investments gained 3 cents with 4,906 units trading, to end at $31.05. Supreme Ventures ended at $5.10, with 10,049 units changing hands, Trinidad Cement had 150,000 units changing hands at $63, Proven Investments ordinary share traded 136,778 units at 22 US cents and Jamaica Money Market Brokers 7.50% preference share traded 765,000 units to close at $1.08.

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

Majors failed to hold early gains – Monday

January 9, 2017 by

The main market of the Jamaica Stock Exchange, surged 3,247 points on Friday, cooled its heels on Monday as it failed to hang to decent gains at the start of trading of more than 1,000 points.
The early gains gradually melted away, as trading aged during the day to close down.
At the close the All Jamaica Composite Index , slipped 416.58 points to close at 213,231.99. The JSE Market Index fell 372.49 points to finish at 195,041.89. Thanks to strong gains in the junior market the JSE combined index climbed 490.49 points to close at new record close of 208,674.85.
The market closed with 45 securities changing hands. 22 stocks gained and 11 declined in the overall market, including 13 stocks rising and 3 falling, in the junior market.
At the close with 2,566,885 units valued at just $17,585,399 changed hands, compared to 10,710,157 units valued at $359,865,498 changing hands on Friday. Of the stocks traded, the junior market accounted for 728,143 units changing hands, valued at $4,409,716.
The average trade for the day in the main market ended at 76,614 shares compared to an average of 378,453 units traded on Thursday. The average for the month to date, is 165,979 versus 235,343 units on the previous trading day, well below the average of 549,379 units, December ended with.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Berger Paints ended trading 19,503 shares to close at $6, Cable & Wireless fell 4 cents to close at 85 cents with 861,983 units trading, Caribbean Cement ended with a fall of $3.50 while trading just 55,850 shares to close at $30.50. Carreras closed at $66.75 with 8,460 shares changing hands, Ciboney traded 100,000 units to end at 20 cents, Investors traded 30,000 shares of 1834 Investments to close at $1.26 after rising 6 cents. Grace Kennedy had just 5,576 units trading with the price falling 49 cents to close at $40.50. Jamaica Broilers gained 10 cents and closed at $14.60 with 235,468 shares changing hands, Jamaica Producers lost 15 cents to end trading at $9.70 with 63,005 units changing hands, Jamaica Stock Exchange gained 4 cents in trading 20,973 shares, to end at $5.60. JMMB Group traded 60,705 units and added 45 cents to end at $15.45, Kingston Wharves jumped by $3.18 in trading 67,970 shares at a 52 closing high of $24.99, National Commercial Bank traded 14,858 shares with a fall of 80 cents to close at $50.21. Pan Jam Investment traded 13,614 shares at $26.50, Pulse Investments gained 30 cents in trading 43,803 shares at $4, Radio Jamaica fell 13 cents to close at $1.22 after 177,017 shares changed hands, Sagicor Group closed with 9,282 shares changing hands at $29.04. Sagicor X Fund ended with 9,981 units trading at $10.21 lost 29 cents, Scotia Group with 23,409 shares changing hands and closed with a fall of 1 cent at $38, Scotia Investments gained 3 cents with 4,906 units trading, to end at $31.05. Seprod closed at $30 with 4,642 units changing hands and Proven Investments ordinary share traded 6,555 units at 21.97 US cents.

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

Majors surge 3,247 points to record close

January 6, 2017 by

Bulls pushing Jamaican stock to new highs.

The value of stocks, on the main market of the Jamaica Stock Exchange, climbed sharply on Friday, as the market closed with 40 securities changing hands of which 23 gained and 8 declined in the overall market, including 9 stocks rising and 3 falling, in the junior market.
At the close the All Jamaica Composite Index surged 3,246.81 points, to close at 213,648.57. The JSE Market Index leapt 2,903.22 points to finish at 195,414.38. The JSE combined index jumped 2,748.82 points to close at 208,184.36.
At the close with 10,710,157 units valued at $359,865,498 changed hands, compared to 2,993,596 units valued at $27,027,397 changing hands on Friday. Of the stocks traded, the junior market accounted for 491,934 units changing hands, valued at $2,672,851. Grace Kennedy with 7,729,745 units valued at $316,822,639 accounted for the bulk of the trades with the price rising 59 cents to close at $40.99.
The average trade for the day in the main market ended at 378,453 shares compared to an average of 84,869 units traded on Thursday. The average for the month to date is 235,343 versus 132,234 units on the previous trading day, well below the average of 549,379 units, December ended with.
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 none with a lower offer.
In market activity, Berger Paints rose 20 cents while trading 1,875 shares to close at $6, Cable & Wireless gained 4 cents to close at 89 cents with 101,180 units trading, Caribbean Cement ended with a $1 rise while trading just 1,000 shares at $34. Carreras gained 75 cents and closed at $66.75 with 12,920 shares changing hands, Ciboney traded 87,962 units and rose 4 cents to end at 20 cents, Investors traded 443,934 shares of 1834 Investments to close at $1.20. Jamaica Broilers fell 10 cents and closed at $14.50 with 11,679 shares changing hands, Jamaica Producers rose 45 cents to end at a 52 weeks’ high of $9.85 with 3,700 units trading, Jamaica Stock Exchange gained 4 cents in trading 20,360 shares, to end at $5.56. JMMB Group traded 53,329 units and added 30 cents to end at $15, Kingston Properties lost 95 cents in trading 13,795 units to close at $8.05, Kingston Wharves jumped by $1.81 in trading 26,062 shares at $21.81, Mayberry Investments ended at $4.80 with 4,270 shares changing hands. National Commercial Bank traded 202,254 shares with a fall of 49 cents to close at $51.01. Pan Jam Investment traded 3,893 shares at $26.50. Pulse Investments lost 30 cents in trading 53,383 shares at $3.70, Radio Jamaica rose 9 cents to close at $1.35 after 44,324 shares changed hands, Sagicor Group closed with 42,635 shares changing hands at $29.04. Sagicor X Fund ended with 57,375 units trading at $10.50. Scotia Group with 587,294 shares changing hands and closed with a rise of $3.01 at $38.01, Scotia Investments gained $1.02 with 16,000 units trading, to end at $31.02, Seprod rose $2 to $30 with 24,088 units changing hands, after trading at an intraday high, of $30.50, Supreme Ventures had just 7,213 shares trading and gained 9 cents to end at $5.10 and Proven Investments ordinary share traded 667,533 units at 20.5 US cents.

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

Majors pull back for first time in 2017

January 5, 2017 by

Prices of stocks, on the main market of the Jamaica Stock Exchange, pulled sharply on Thursday, as the market closed with 42 securities changing hands of which 15 gained while 15 declined in the overall market, including 7 stocks rising and 5 falling, in the junior market.
At the close the All Jamaica Composite Index fell sharply 2,014.74 points, to close at 210,401.76. The JSE Market Index dropped 1,801.53 points to finish at 192,511.16. The JSE combined index pulled back 1,327.76 points to close at 205,435.54.
At the close with 2,993,596 units valued at $27,027,397 changed hands, compared to 3,784,854 units valued at $25,405,860 changing hands on Thursday. Of the stocks traded, the junior market accounted for 2,710,965 units changing hands, valued at $12,580,140.
The average trade for the day in the main market ended at 84,869 shares compared to an average of 70,171 units traded on Wednesday. The average for the month to date is 132,234 units and December ended with an average of 549,379 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 21 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Barita Investments slipped 50 cents while trading 19,334 shares to close at $6, Cable & Wireless gained 3 cents to close at 85 cents with 268,474 units trading, Caribbean Cement ended with a $1 loss while trading 1,259 shares at $33. Carreras closed at $66 with 6,348 shares changing hands, Investors traded 219,390 shares of 1834 Investments to close with a fall of 2 cents at $1.20, Grace Kennedy fell 9 cents to close at $40.40 with 167,066 shares changing hands. Jamaica Broilers gained 10 cents and closed at $14.6 with 19,700 shares changing hands, Jamaica Producers shed 10 cents to end at $9.40 with 4,490 units trading, Jamaica Stock Exchange gained 4 cents in trading 14,215 shares, to end at $5.56. JMMB Group traded 52,800 units and added 10 cents to end at $14.70, Kingston Wharves slipped $2 and traded 42,898 shares at $20, Mayberry Investments gained 5 cents to end at $4.80 with 1,721 shares changing hands. National Commercial Bank traded 6,836 shares with a gain of $1.25 to close at $51.50. The closest offer for NCB is at $54.80 to sell 18,500 units, PANJAM Investment traded 35,107 shares and shed $1 to close at $26.50. Portland JSX gained 5 cents in trading 45,400 units at $11, Pulse Investments traded 19,715 shares at $4, Radio Jamaica lost 2 cents to close at $1.26 after 388,684 shares changed hands, Sagicor Group closed with 227,944 shares changing hands at $29.04. Sagicor X Fund ended with 250,230 units trading, with a gain of 30 cents to close at $10.50. Scotia Group with 16,835 shares changing hands and closed with a fall of $3.30 at $35, Scotia Investments lost $1.50 with 13,874 units trading, to end at $28, Proven Investments ordinary share traded 74,000 units at 22 US cents and JMMB Group 7.5 percent preference share traded 300,000 units $1.08.

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