JSE starts November positively

November 2, 2015 by

NCB's new Constant Spring Rd. branch the company's stock last traded at $36 on Monday

NCB’s new Constant Spring Rd. branch the company’s stock last traded at $36 on Monday

Cable and Wireless lost further ground on Monday as it shed 35 cents to closed down to 95 cents having traded just 1.46 million units as some selling continues for the stock, but National Commercial Bank hit a new 52 weeks’ high of $36 rising $3.50 in the process.
A total of 37 securities traded leading to 6,392,200 units valued at $48,320,406 hanging hands, in all market segments. A total of 21 securities rose and 10 declined with 6 stocks ended at 52 weeks’ closing highs and 2 at an intraday 52 weeks’ high.
The JSE Market Index shot up 905.92 points to 132,189.96, the all Jamaica Composite Index gained 1,012.42 points to end at 146,686.03. JSE combined index and climbed 1,059.06, points to end at 136,842.10. All Three indices are at new closing highs.
IC bid-offer Indicator At the end of trading, in the main and junior markets, the <strong> Investor’s Choice bid-offer indicator had a reading of 12 stocks with bids higher than their last selling prices and one with an offer that was lower.
In trading, Barita Investments ended at a 52 weeks’ closing high, of $2.90 as the price gained 15 cents while 50,000 shares were traded, the stock closed with the bid at $3 to buy 60,000 shares, no stocks were offered at the close. JSE sum 2-11-15Cable and Wireless continued under selling pressure and closed with a loss of 36 cents, with 1,456,839 shares changing hands to end at 94 cents. Trading in the stock was between 94 cents and $1.20 and it closed with a bid at 85 cents, to buy 57,000 shares. On the offer were 800,562 shares at 94 cents. By the close the number of offers increased dramatically and now total 36, ranging up to $3.10, for a total of 9.5 million units down from 10,689,005 units on Friday. Caribbean Cement rose 27 cents to end at $18, with 27,310 shares changing hands. Carreras ended with 5,212 shares trading at $53.05, Desnoes & Geddes had 53,472 units changing hands, to close at $30, Gleaner Company traded 948,928 shares to end at $1.90, Jamaica Broilers traded 145,457 shares to close at $9 as the price gained 12 cents. Jamaica Stock Exchange closed with 56,824 shares trading to end
at $11, JMMB Group traded 172,798 shares to close with a rise of 34 cents to end at $9.85. Kingston Wharves traded 13,193 units to close at $10.60 for a new 52 weeks’ high, Mayberry Investments rose 2 cents to end at $4.02, by trading 38,701 shares. National Commercial Bank with 14,604 shares changing hands jumped $3.50 to end at $36, for a new 52 weeks’ high. JSE Fn Qts 2-11-15Pan Jamaican traded 9,124 shares to end $4.88 cents higher, at $85, Radio Jamaica closed at a new 52 weeks’ high of $4.50 to gain 50 cents in trading 31,200 shares. Sagicor Group fell 15 cents with 102,492 shares trading, to close at $14.51, Sagicor Real Estate Fund traded 69,495 units, the price closed down 60 cents at $11, Scotia Group ended with 11,923 shares changing hands and closed at $26.17, after falling by 81 cents. Scotia Investments gained 50 cents to close at $28 as 936,435 units traded, Supreme Ventures ended at $4.20 with 581,769 units changing hands and Proven Investments ordinary share, closed with a fall of 0.9 US cents, with 24,650 units traded, to end at 23 US cents.

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JSE closing on record for Jamaican stocks

October 22, 2015 by

Cable & Wireless HQ - the stock traded at a new 52 weeks' high on Thursday.

Cable & Wireless HQ – the stock traded at a new 52 weeks’ high on Thursday.


The Jamaica Stock Exchange closed on Thursday with the All Jamaican Index just under 2,500 points away from the old record 138,917.59 reached on 24th of January 2005.
By the close 4 stocks ended trading, at 52 weeks’ closing highs and Desnoes and Geddes traded during the day at intraday high of $30.25. A total of 14 stocks rose, with 10 declined as 29 securities, totalling 5,416,421 units valued at $103,069,379 changed hands, in all market segments. The JSE Market Index shot up 355.39 points to 123,026.73, the JSE All Jamaican Composite index gained 397.16 to end at 136,445.59 and the JSE combined index climbed 435.35, points to end at a new high of 127,702.70.
JSE Sum 22-10-15IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 12 stocks with bids higher than their last selling prices and 4 with offers that were lower.
In trading, Cable and Wireless closed with a gain of 5 cents as 368,000 shares changed hands to end at 52 weeks’ high of 67 cents, Caribbean Cement gained 38 cents to end at $14.18 for a new 52 weeks’ closing high, with 137,325 shares changing hands. Carreras fell 50 cents while trading 219,140 shares to end at $52, Desnoes & Geddes had 2,001,720 units changing hands, to close at $30, Grace Kennedy exchanged 63,262 shares at $64.75 to gain 19 cents, Jamaica Broilers lost 20 cents in trading 62,885 shares to close at $7.80, JMMB Group gained 55 cents in trading 231,000 shares to close at $10. JSE fn qts 22-10-15Kingston Wharves traded 13,300 shares to close at $9, National Commercial Bank closed with a loss of 60 cents with 259,300 shares trading to end at $31. Pan Jamaican price jumped $2 in trading 20,000 shares to end at a 52 weeks’ high of $72, Radio Jamaica traded 55,799 units but the price fell 50 cents to close at $3.50, Scotia Group ended with 61,695 shares trading at $25 after falling $1. Scotia Investments ended with 20,000 shares trading at $26, Proven Investments ordinary share traded 170,644 units with a loss of 0.50 cent to end at of 24.5 US cents and Supreme Ventures gained 15 cents and ended at $3.90 with 372,698 units changing hands.

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JSE price changes fluid on Monday

October 12, 2015 by

NCB closed down sharply on Monday

NCB closed down sharply on Monday

The JSE Combined index climbed 594.88 points at the close of trading of the Jamaica Stock Exchange on Monday. At the close, there were 17 stocks rising, 12 declining, with 32 securities totalling 4,386,449 units, valued at $14,525,590 changing hands, in all market segments.
Two junior market and 3 main market stocks ended at new 52 weeks’ closing high and 1 junior stock trading at 52 weeks’ intraday high. The main market indices enjoyed another day of decent gains. The JSE Market Index fell 6.27 points to 106,653.25, the JSE All Jamaican Composite index rose 7 points to 118,147.30 and the JSE combined index jumped 594.88 to end at 111,679.90 points.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 13 JSE Sum 12-10-15stocks with bids higher than their last selling prices and 5 with offers that were lower.
In trading, Cable and Wireless added 2 cents, with 792,712 shares changing hands to close at 60 cents, Caribbean Cement shot up to $9.90 with 66,761 shares changing hands for a 90 cents increase, Desnoes and Geddes jumped $1.96 to trade at $15.03 with 19,100 shares trading at a new 52 weeks high. Desnoes and Geddes closed with a bid to buy 10,000 units at $17.28, at $2.25 above the last traded price. Grace Kennedy ended with 1,000 shares trading at $64.50, with a gain of 50 cents. Jamaica Broilers closed at $7.10 with 283,284 shares changing ownership, for a gain of 60 cents, Jamaica Producers lost 15 cents in trading 77,628 shares at $18.50, Jamaica Stock Exchange gained 30 cents in closing at $7.50 with 143,900 shares changing hands.JSE fn qts 12-10-15 Mayberry Investments traded 15,006 shares at $2.60 at the close with a gain of 25 cents, National Commercial Bank closed with a loss of $2.94 with only 4,025 shares trading to close at $30.05. 138 Students Living lost 20 cents in closing at $4.20 with 15,000 shares, Pan Jamaican Investments traded 8,000 shares at $61 with a loss of 99 cents. Radio Jamaica traded 3,056 shares to close at $4, for an 18 cents decline, Sagicor Group with 20,500 shares closed 9 cents lower at $13.01, Scotia Group ended with 13,099 shares trading at $24 after losing $1.64 and Sterling Investments gained 10 cents in ending at $13 while 8,200 shares traded.

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Huge jump in Jamaican stocks on Friday

October 9, 2015 by

Red stripe slnt 2The JSE Combined index jumped 6.80 percent or 7,069.02 points, at the close of trading on the Jamaica Stock Exchange on Friday. The strong move was aided by a $5.07 jump in the price of Desnoes and Geddes shares and gains in National Commercial Bank which ended at $32.99. The market climbed sharply for the third day as advancing stocks outpaced declining ones by a wide margin once more.
The JSE Market Index climbed 6,887.45 points to 106,659.52, the JSE All Jamaican Composite index leapt 7,697.11 points to 118,154.30 and the JSE combined index jumped 7,069.02 to end at 111,085.02 points.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 12 stocks with bids higher than their last selling prices and 4 with offers that were lower. At the close, there were 17 stocks rising, 2 declining, with 26 securities totalling 34,391,788 units, valued at $414,047,404 changing hands, in all market segments, and with 4 junior market and 2 main market stocks ending at new 52 weeks’ closing high, one stock ended at 52 weeks’ low.
JSE Sum 9-10-15r In trading, Cable and Wireless added 5 cents, with 845,177 shares changing hands to close at 58 cents, Caribbean Cement shot up to $9 with 281,375 shares changing hands at 50 cents higher, Desnoes and Geddes jumped $5.07 to trade at $13.07 with 29,094,581 shares trading at a new 52 weeks’ high. D&G closed with a bid to buy 5000 units at $15.01, nearly $2 above the last traded price. Grace Kennedy ended with 40,000 shares trading at $64, Jamaica Broilers closed at $6.50 with 119,681 shares changing ownership, Jamaica Producers gained 50 cents in trading 196,137 shares at $18.50, Jamaica Stock Exchange lost 10 cents in closing at $7.20 with 44,620 shares changing hands. JMMB Group traded 64,500 JSE fn qts 9-10-15National Commercial Bank closed at a new 52 weeks’ high of $32.99 with a gain of $2.97 with only 14,003 shares trading as high as $33, for an intraday 52 weeks’ high, Pan Jamaican Investments traded 2,017 shares at $61.99 having gained 74 cents, Radio Jamaica traded 5,394 shares to close at $4.18, for an 18 cents rise, Scotia Group ended with 632,075 shares trading at $25.64 to gain $1.64. Sterling Investments lost 10 cents in ending at $12.90 while 6,000 shares traded at a new 52 weeks low, Proven Investments ended at 21 US cents while trading 51,000 shares to gain 1 US cent and Jamaica Money Market Brokers 7.50% with 590,580 units changing hands closed at $2.

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20 JSE stocks rose 3 fell Thursday

October 8, 2015 by

NCB traded 5.7m shares as high as $32.50 for an intraday 52 weeks’ high.

NCB traded 5.7m shares as high as $32.50 for an intraday 52 weeks’ high.

The main indices of the Jamaica Stock Exchange indices climbed sharply for the second day, as advancing stocks outpaced declining ones by a wide margin. At the close, there were 20 stocks rising, 3 declining, with 32 securities totalling 8,200,042 units, valued at $195,474,158 changing hands, in all market segments, and with three junior market stocks ending at new 52 weeks’ closing high, while National Commercial Bank traded at a 52 weeks’ intraday high.
The main market indices enjoyed another day of decent gains. The JSE Market Index climbed 699.38 points to 99,772.07, the JSE All Jamaican Composite index rose 781.60 points to 110,457.19 and the JSE combined index jumped 1,035.02 to end at 104,016.00 points.
IC bid-offer Indicator| At the end of trading, in the main and junior JSE Sum 8-10-15markets, the Investor’s Choice bid-offer indicator had a reading of 11 stocks with bids higher than their last selling prices and 4 with offers that were lower.
In trading, Cable and Wireless added 2 cents, with 981,889 shares changing hands to close at 53 cents, Carreras traded 257,755 shares to close 6 cents higher at $50.31, Caribbean Cement stock, gained 49 cents with 63,483 shares changing hands at $8.50, Desnoes and Geddes did not trade, the stock closed with a bid of $10.58 to buy 2,744,725 units. Jamaica Broilers closed at $6.50 with 119,681 shares changing ownership, Jamaica Producers gained $1.30 in trading 12,014 shares to end at $18, JMMB Group traded just 8,546 shares at $8 with a 35 cents gain. The stock closed with the bid at $8 to buy 1,754 shares but with 100,000 units on the bid at $7.90 and 466,490 at $7.80, the closest amounts being offered are 51,500 and 100,000 shares at $8.50. Mayberry Investments traded just 1,020 units at $2.35, JSE fn qts 8-10-15but the stock that fell sharply during the week to $2.20 now has more than 1 million units on the bid at $2.35, the lowest offer is at $2.70. National Commercial Bank rose $1.01 to $30.02 with 5,710,591 shares trading as high as $32.50 for an intraday 52 weeks’ high. Pan Jamaican Investments traded 14,123 shares at $61.25 having gained 25 cents, Radio Jamaica traded 46,000 shares to close at $4, Sagicor Real Estate Fund ended with 40,900 shares trading at $7.51, Scotia Investments lost $1.95 in ending at $26.50 while 202,000 shares traded and Supreme Ventures gained 3 cents with 154,935 units changing hands to close at $3.63.

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JSE down as 14 stocks rise 11 fall on Tuesday

October 6, 2015 by

JSE sign & BldThe main market of the Jamaica Stock Exchange, gave up about a third of the gains of Monday, when the main market indices surged sharply, with the all Jamaica composite rising over 2,000 points with the others just slightly below. At the close, there were 14 stocks rising, 11 declining with 26 securities totalling 2,430,349 units, valued at $25,713,681 changing hands, in all market segments. Three junior market stocks closed at new 52 weeks’ high.
The main market indices suffered declines with the JSE Market Index declining 613.31 points to 97,802.49, the JSE All Jamaican Composite index fell 685.42 points to 108,256.07 and the JSE combined index dropped 399.42 to end at 101,664.00 points.
JSE Sum 6-10-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 13 stocks with bids higher than their last selling prices and 2 with offers that were lower.
In trading, Berger Paints ended with 27,354 shares trading 1 cent higher at $2.30, Cable and Wireless lost 3 cents with 15,118 shares changing hands to close at 50 cents, Carreras traded 188,871 shares to close 99 cents lower at $49. Desnoes & Geddes traded 80,135 shares to close at $7, after gaining 18 cents, Grace Kennedy traded only 1,000 shares at $64 but had no shares on offer, at the close, for the third day running. JSE fn qts 6-10-15Jamaica Broilers closed at $6.09 with 46,300 shares changing ownership while gaining 29 cents. Mayberry Investments had 132,117 shares trading to close at $2.25 for a loss of 10 cents. National Commercial Bank had 41,975 units trading at the close at $29.01 for a $1.49 cents fall, Pan Jamaican traded 30,050 shares to close with a fall of 50 cents to $61. Radio Jamaica traded 68,016 shares with a 50 cents rise to end at $4, Sagicor Group with 272,875 shares trading, closed at $13, Scotia Group added 15 cents in ending at $23.90 while 265,275 shares traded and Scotia Investments gained $2.45 with 5,000 units changing hands to close at $27.45.

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JSE down in early Tuesday trading

October 6, 2015 by

Activity on the Jamaica Stock Exchange on Tuesday morning resulted in 17 securities trading changing hands at 11:15 am with a volume of 1,141,572 units, with 7 stocks declining and 10 rising.
JSE int 6-10-15Trading activity resulted in the JSE Market Index dropping 763.94 points to 97,651.86. The JSE All Jamaican Composite index fell 853.75 points to 108,087.74, the JSE combined index declined 709.64 points to be at 101,353.78 and the junior market is up 1.31 points to 1,025.34 and is not very far off from the all-time high of 1,040.59.
Consolidated Bakeries had 962,000 shares trading at $1.10, Lasco Distributors had 68,350 units trading at $2. Mayberry Investments had 29,617 units trading at $2.20 and lost 15 cents, National Commercial Bank fell $1.50 to $29 with 36,975 shares Radio Jamaica traded 68,016 shares with a 50 cents rise to $4 and Scotia Group traded 106,491shares at $23.51.

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Radio Jamaica increased profit

October 4, 2015 by

RJR Group 2Radio Jamaica increased profits for the quarter to June this year over that of 2014 by 44 percent after taxation, to reach $22 million from a 6 percent increase in sales revenues that hit $516 million. Other revenues contributed $25 million versus $20.7 million in 2014 to income.
RJR said that the provision of news services such as “Over the Top” (OTT) which relates to video, television and other services provided over the internet generated added revenues for them as well as added cost.
Administrative expenses jumped 15.4 percent to $126 million and selling expenses rose to $84.5 or 16.4 percent over the same period in 2014, the cost increase was partially due to the introduction of the OTT service, but wage increase and commission payments also contributed to the increase RJR said. Other operating expenses declined by $20 million to $79 million helped by lower energy and fuel cost.
The company reported earnings of 6 cents per share for the quarter and 32 cents for 2015 fiscal year and seems headed to earn 40 cents for the fiscal year ending March 2016. There is talk of general elections being held soon although that is just talk, with no concrete evidence to support it and with several developments in the country suggesting it may be later in 2016, that is will be held. Whenever it is held, RJR will benefit from added revenues as well as increased cost covering the event.
RJR entered into an agreement with the Gleaner to merge the two media operations which will involve RJR splitting the number of existing issued shares into approximately three and for the Gleaner shareholders to get 1 of the new RJR shares for each Gleaner share. If successful the expanded RJR should see reduction in cost as certain areas are combined thus reducing cost and should result in an improved profit per share going forward. It probably won’t be until the 2017 fiscal year that full effect of the merger will be seen.
RJR last traded on the Jamaica Stock Exchange at $3.08 but had a bid at $3.50.

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Price changes aplenty & no direction for JSE

September 29, 2015 by

JSE sign 2The Jamaica Stock Exchange saw low trading activity on Tuesday and at the close, there were 10 stocks rising, 11 declining with 30 securities totalling 986,801 units, valued at $11,478,835 changing hands, in all market segments. Trading in the main market was very light with only 745,029 shares trading.
The main market indices enjoyed a second day of increases with the JSE Market Index added 77.06 points to 96,433.55, the JSE All Jamaican Composite index gained 86.11 points to 106,726.20 and the JSE combined index rose 180.75 to end at 99,807.18 points.
JSE Sum -29- 9-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 9 stocks with bids higher than their last selling prices and 3 with offers that were lower.
In trading, Cable and Wireless rose 2 cents with 85,687 shares changing hands, to close at 51 cents, Caribbean Cement had 150,477 shares trading with a 29 cents rise, to $8, Carreras lost 20 cents in trading 9,195 shares and ended at $48.90, Desnoes & Geddes traded 28,656 shares to end at $6.60 for a fall of 40 cents. Grace Kennedy had 50,670 shares changing hands at $64, JSE fn qts 29-9-15 Jamaica Broilers traded at $6 with 55,760 shares changing ownership and gained 30 cents, Jamaica Stock Exchange traded 56,000 shares at $7.50, JMMB Group traded 51,620 units to end at $7.65, National Commercial Bank had 28,578 units changing hands and ended at $27.52 after losing 23 cents. Pan Jamaican traded 11,090 shares to close at $61.71. Radio Jamaica traded at $3.08 with 13,820 shares changing hands. Sagicor X Fund with 12,000 shares closed with a gain of 39 cents to end at $7.40, Scotia Group lost 95 cents in ending at $24 while 25,457 shares traded and Scotia Investments gained 1 cent to land at $25.01 with 55,000 units.

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Weak start to the week for JSE

September 28, 2015 by

JSE sign shrtpngThe Jamaica Stock Exchange saw low trading activity on Monday, at the close there were 11 stocks rising and 11 declining with 30 securities totalling 1,250,833 units, valued at $8,226,223 changing hands, in all market segments. Trading in the main market was very light with only 446,610 shares trading.
The main market indices enjoyed a second day of increases with the JSE Market Index lost 150.92 points to 96,356.49, the JSE All Jamaican Composite index declined 168.66 points to 106,640.09 and the JSE combined index fell 112.62 to end at 99, 626.43.
IC bid-offer Indicator| At the end of trading, in the main and junior JSE Sum -28- 9-15markets, the Investor’s Choice bid-offer indicator had a reading of 14 stocks with bids higher than their last selling prices and 5 with offers that were lower. This indicator has increased in strength over the past week as the period for company results for the third quarter approaches. There remain some pockets of weakness as shown by the number of stocks that are offered below their last selling prices.
In trading, Cable and Wireless fell 2 cents with 6,000 shares changing hands, to close at 49 cents, Caribbean Cement had 215,450 shares trading with a 1 cent rise to $7.71, Carreras lost 40 cent in trading 11,250 shares and ended at $49.10, Hardware & Lumber traded just 797 shares to end at $11 for a fall of $2. Mayberry Investments had 13,500 units trading at $2.80,JSE fn qts 28-9-15 National Commercial Bank had 74,249 units changing hands and ended at $27.75, Pan Jamaican traded 2,337 shares to close with a loss of $1.29 at $61.71. Radio Jamaica traded at $3.08 with 18,847 shares changing hands. Sagicor Group with 14,503 shares closed 18 cents up, to $13. Scotia Group gained $1.18 in ending at $24.95 with 56,261 shares trading, Scotia Investments gained 47 cents to $25 with only 1,900 units, Sterling Investments ended with a loss of 40 cents to a 52 weeks’ low of $13 while trading 3,000 shares and Supreme Ventures lost 15 cents with 10,300 shares trading to end at $3.60.

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