On Friday Scotia Group gave a big boost to the main market index with good volume, this morning the banking group stock fell traded at $24 and swiped a big hole in the index after the market was up 354 points on the all Jamaica composite Index and 317 points on the JSE Market Index.
In the process the All Jamaica Index trades at 110,642.78 down 1,178.70 points JSE Market Index fell 1,054.54 points to 99,937.99. The combined index lost 998.45 to be at 103,638.50 and the junior market index was at 1,038.91 dropping 0.47 points.
In main market trading Grace Kennedy dropped $1 to $63, Gleaner is yet to trade but has a bid of $1.88 and an offer at $3.50 RJR on the on the other hand traded at $4. Jamaica Producers traded up to $20 by gaining $1.15, National Commercial Bank traded 37,512 shares at $30.50 and had an offer at $32.50 to sell 245 units, but the only other offers posted are at $33 to sell 503 units and at $60 for 2,000 shares.
8 stocks have declined at 10.45 am versus only 9 that rose out of just 21 that have traded carrying a volume of 1,432,928 units.
Scotia gives & takes away 1,000 points
August 10, 2015 by
Big jump at JSE on Friday
August 7, 2015 by
Scotia Group pushes market sharply up on Friday
At the close, the JSE Market Index jumped 1,849.21 points to 100,992.53, the JSE All Jamaican Composite index climbed 2,066.95 points to close at 111,821.48 and the JSE combined index rose 1,994.84 points to end at 104,636.95.
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 7 stocks with bids higher than their last selling prices and 6 with offers that were lower.In trading, Cable and Wireless ended with only 5,877 units changing hands and lost 4 cents to end at 40 cents, Caribbean Cement traded 47,000 shares to close at $7.10 after gaining 10 cents, Gleaner traded at $1.52, up 22 cents after 28,300 shares changed hands, in response the merger of the company’s media operations with that of Radio Jamaica. At the close, Gleaner closed with ten bids above the last traded price with the highest at $1.72, during the day the bid was as high as $2.22. Grace Kennedy traded 13,372 shares at $64, Hardware & Lumber lost $2.25 to close at $12.75 with just 2,006 shares changing hands, Jamaica Broilers had 11,888 shares changing hands, in closing at $6.37, to record a loss of 63 cents.
The Jamaica Stock Exchange stock traded 67,824 units at $6.80, for a loss of 20 cents, Mayberry Investments had 292,002 shares trading at $3.10 to gain 10 cents. National Commercial Bank had 35,410 shares trading to close with a 49 cents loss at $30, Radio Jamaica traded just 1,200 to end at a 52 weeks’ high of $3.90 as the price gained 45 cents. Sagicor Group ended trading with 1,017,852 units at $12.96, down 4 cents, Sagicor Real Estate Fund closed at $8.50 while trading 34,000 units, Scotia Group ended with 794,735 units trading as high as $26 but ended at $24, Scotia Investments traded 10,000 shares at $27.08 for an 8 cents rise and Jamaica Money Market Brokers 7.50% preference traded 166,500 units at $2.01..
Scotia in big index push
August 7, 2015 by
Scotia gained $2 this maorning
The real big issue is the trade of 793,675 units in Scotia Group rising $2 to $26 with Scotia Investments being the aggressive broker on the buy side. Lasco Financial Services traded 1,350,000 units at 1.98.
In the process the All Jamaica Index trades at 111,449.70 up 1,695.17 points JSE Market Index fell 1,516.60 points to 100,659.92.
NCB may give push to JSE soon
August 3, 2015 by
Supply is drying up for NCB
At the close, the JSE Market Index lost 129.98 points to 98,203.59,
the JSE All Jamaican Composite index fell 145.29 points to close at 108,705.88 and the JSE combined index added 66.62 points to end at 100,705.88.IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator showed a reading of 9 stocks with bids higher than their last selling prices and 6 with offers that were lower.
In trading, Cable and Wireless ended with 42,253 units changing hands and lost a cent to 42 cents, Caribbean Cement traded 44,225 shares to close at $7.10 after shedding 35 cents, Carreras gained 25 cents with 6,715 units trading to close at $51, Gleaner traded at $1.25, down 5 cents after 15,300 shares changed hands. Grace traded 94,211 shares with a
gain of $1 at $65, Jamaica Broilers had 22,400 shares changing hands, in closing at $5.70, Mayberry Investments had another large trade amounting to 2.900,000 shares trading at $3. National Commercial Bank had just 10,286 shares trading, while losing 25 cents to end at $29.75, Pan Jamaican Investment closed at $61.05 after trading 114,309 shares, to gain 55 cents, Radio Jamaica had 25,830 units changing hands while gaining 2 cents to close at $3.02, Sagicor Group ended trading with 10,325 units at $12.99, Sagicor Real Estate Fund closed at $8 while trading 25,000 units, Scotia Group ended with 13,561 units trading unchanged at $24,for 34 cents rise and Scotia Investments traded 56,092 shares to rise 20 cents to $27.
Scotia Group tops trading on Thursday
June 25, 2015 by
Scotia Group accounted for 79% of shares traded in main market
The JSE Market Index lost 264.93 points to 97,050.42, the JSE All Jamaican Composite index declining by 296.12 points to close at 107,415.22 but the JSE combined index declined 377.15 points to end at 99,605.19.
IC bid-offer Indicator| At the end of trading,
in the main and junior markets, the Investor’s Choice bid-offer indicator was showing a better reading than Wednesday’s close of 9 to 8, with Thursday’s reading of 12 stocks with bids higher than their last selling prices and 5 with offers that were lower.In trading, Caribbean Cement closed with 48,780 shares changing hands at $5.45 after slipping 5 cents, Carreras put on 2 cents while trading 26,534 shares at $48.37, Gleaner ended with 30,000 shares changing hands but lost 1 cent to close at $1.07, Grace Kennedy gained 45 cents with only 2,040 units changing hands at $63.95. Hardware and Lumber fell 50 cents to $17.50 with 1,500 shares changing hands, Jamaica Broilers lost 50 cents in trading 1,497 units to end at $5.50,
Jamaica Stock Exchange dropped 46 cents in trading 5,400 shares and ended at $6.35. At the close Stocks and Securities offered 982,465 units for sale at $6.80, Kingston Properties climbed $1 to $8 with 2,705 shares, National Commercial Bank rose 10 cents in trading 25,224 shares to close at $29.10, Sagicor Group fell 24 cents with 28,533 units trading to end at $12.61, Scotia Group had 1,419,099 units trading at $23.50, Scotia Investments fell by $2.35 to $27.50 with only 4,217 units. Jamaica Money Market Brokers 8.75% preference share traded 56,983 units at a loss of 1 cent at $2.98 and Proven Investments 8% preference share ended with 42,500 units trading unchanged at $5.
JSE poised to rise on Wednesday
June 23, 2015 by
Activity on the Jamaica Stock Exchange picked up with one of the better trading days in terms of the number of securities being active. At the close there were 14 stocks rising, 8 declining as 39 securities changed hands, including 4 that closed at new 52 weeks’ high and ending in 4,671,007 units trading, valued at $73,832,092, in all market segments.
The changes in the market indices were very small with the JSE Market Index gaining just 13.43 points to 97,452.41, theJSE All Jamaican Composite index rising by 15.01 points to close at 107,864.54 but the JSE combined index declined by 4.07 points to end at 100,255.47.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 14 stocks with bids higher than their last selling prices and just 3 with offers that were lower, a suggestion that advancing stocks should have the upper hand again on Wednesday.
In trading, Cable & Wireless closed with 1,149,216 units trading to end at 45 cents, Carreras traded 321,462 shares and gained $2.19 to end at $50.50, Desnoes & Geddes gained 44 cents in trading 733,245 shares to close at $8. Gleaner ended with 108,114 shares changing hands but lost 8 cents at the close, Grace Kennedy had 26,700 units changing hands and put on 64 cents to $64, Jamaica Broilers gained 55 cents while trading 8,410 units to end at $6. JMMB Group ended with 20,085 shares trading unchanged at $7.50, Kingston Wharves put on 30 cents in closing at $7 having traded just 2,900 units. Mayberry Investments traded 252,867 shares to close at $2.60 after shedding 30 cents, National Commercial Bank lost 44 cents in trading 1,008,211 shares at $29.01 at the end. 
138 Student Living regained the 40 cents it lost recently to close at $4.40 with 20,000 units changing hands, Pan Jamaican dropped $2.70 with 59,230 units to close at $60.80, Proven Investments traded 305,252 shares between 22 US cents and the closing price of 19.01 US cents, for a slight gain at the end. Radio Jamaica closed with a gain of 30 cents to a new 52 weeks’ high of $3.50 with just 4,214 shares changing hands, Sagicor Group was up 55 cents with 191,448 units trading to end at $12.95, Sagicor Real Estate X Fund closed 1 cent higher at a new high of $8.01 after 4,000 shares were exchanged. Scotia Group had 95,808 units trading 10 cents higher at $23.25 and Scotia Investments traded 15,000 shares at $29.85 at the close.
JSE inches up on Monday
June 15, 2015 by
Sagicor traded at a new 52 weeks’ high on Monday
TheJSE Market Index gained 71.71 points to 96,599.90, the JSE All Jamaican Composite index rose 80.16 points to close at 106,911.66 and the JSE combined index gained 34.45 points to end at 99,265.14.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 15 stocks with bids higher than their last selling prices and 7 with offers that were lower.Stocks trading include, Cable & Wireless traded 830,959 units at 44 cents, Caribbean Cement ended with 42,304 shares changing hands at $4.99 after gaining 14 cents. Carreras closed with 47,127 stocks units trading and lost 93 cents at $48.07, Desnoes & Geddes gained 45 cents with just 1,404 units trading, to end at $8, Grace Kennedy had 3,560 shares changing hands after losing 5 cents to end at $63.90. Hardware & Lumber traded 20,000 stocks units with a loss of $1 to close at $18. Jamaica Broilers traded 250,000 shares at $5.50 after shedding 25 cents, Jamaica Stock Exchange traded 9,331 shares to close unchanged at $6.35, JMMB Group closed with 23,587 shares changing hands at $7.45 for a 15 rise, Mayberry Investments had 11,195 units changing hands at $2.88,
National Commercial Bank traded 48,527 units to close at $30, after gaining 50 cents. Pulse Investments had 306,000 shares trading at a 52 weeks’ high of 55 cents, to record a gain of 10 cents. Radio Jamaica traded 25,185 stocks units with a loss of 1 cent, to close at $3, Sagicor Group traded 776,521 shares to close at a 52 weeks’ high of $12.60, after putting on 54 cents, Scotia Group ended with 14,717 shares trading unchanged at $23.10. Seprod ended with 19,041 shares changing hands at $15.45 for a gain of 7 cents, Jamaica Money Market Brokers 7.50% preference share traded 435,206 units at $2 and Jamaica Money Market Brokers 8.75% preference share traded 324,497 units at $3.
15 stocks rose 10 declined on JSE
June 2, 2015 by
JSE traded at a new all-time high of $4.80 to record a gain of 220% for the year to date
TheJSE Market Index lost 484.92 points to 99,189.54, theJSE All Jamaican Composite index fell 542.01 points to close at 11109,806.20 and the JSE combined index gained 850.26 points to end at 101,568.60.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 14 stocks with bids higher than their last selling prices and 3 with offers that were lower.
Market activity saw, Cable & Wireless ending with 1,359,285 shares to close at 48 cents, after losing 2 cents but the stock traded as low as 45 cents after the company reported a huge $9 billion loss including an exceptional charge of $7 billion, after trading closed on Monday.
Caribbean Cement had 70,900 shares trading at $5.10, to record a gain of 10 cents. Carreras traded of $51.50 and lost 50 cents but with just 6,272 shares, Desnoes & Geddes had 38,161 units changing hands at $7.50, for a loss of 5 cents, Hardware & Lumber traded 72,196 shares between a new intra-day high of $19 and the closing price of $18, Jamaica Broilers traded 206,666 units to close at $5.25 with a 30 cents loss. Jamaica Stock Exchange traded 5,000 units at a new high of $4.80 after gaining 30 cents. JMMB Group gained 5 cents, with 14,350 shares to close at $8.50. Mayberry Investments traded 183,599 units at $3.09, as the price slipped by 1 cent, 
National Commercial Bank traded 24,497 shares at $29.90 and lost 9 cents, Radio Jamaica traded 100,000 shares to remain unchanged at $3. Sagicor Group had 344,180 units trading 5 cents higher to end at $12.05, the company Real Estate Fund ended with 18,186 units trading down by 8 cents at $7.50. Scotia Group traded 309,997 units at $25.30, Supreme Ventures added 117,357 shares at $3.80. Proven Investments had 40,900 changing hands at 20.99 US cents, Jamaica Money Market Brokers 7.50% preference shares closed with 250,900 units trading at $2.11 and Jamaica Money Market Brokers 8.75% preference shares closed with 147,225 units trading at $3.02.
Bullishness intact as 16 stocks rise
May 27, 2015 by
Gleaner Traded 3.7 million shares to close at 96 cents
TheJSE Market Index gained 195.74 points to 97,693.98, theJSE All Jamaican Composite index rose 218.85 points to close at 108,134.55 and the JSE combined index put on 298.44 points to end at 99,979.62.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 11 stocks with bids higher than their last selling prices and 2 with offers that were lower.The following stocks closed in the main market at new 52 weeks high Barita Investments at $2.70, Hardware & Lumber at $12.08 and Radio Jamaica at $3.
In trading, Berger Paints ended with 10,057 shares changing hands to close 40 cents higher, at $3, Cable & Wireless closed with 29,546 shares trading for 1 cent lower at 49 cents, Gleaner traded 3,724,340 shares to end lower by 11 cents at 96 cents. Hardware & Lumber gained $1.83 to a new 52 weeks’ high of $12.08 with 33,999 units trading, Jamaica Broilers concluded trading with 55,845 shares changing hands to close 25 cent up at $5.50. Jamaica Money Market Brokers 7.50% preference shares close with 434,935 units trading at $2.30, Jamaica Money Market Brokers 8.75% preference shares finished trading with 30,000 at $3.02,
JMMB Group lost 45 cents as 6,094 shares changed hands at $8.55. Mayberry Investments contributed 124,080 units to trading at $3, National Commercial Bank ended trading with 97,412 shares and gained 5 cents to $29.57, Pan Jamaican Investment had 8,935 shares changing hands to close 42 cents higher, at $59.01. Radio Jamaica gained 25 cents with 24,497 shares trading at $3, Sagicor Group contributed 473,884 units in trading but lost 80 cents at $11.20. Sagicor Real Estate Fund closed trading with 178,000 units, 40 cents lower at $7.10. Scotia Group ended trading with 228,571 shares with a 15 cents gain to $25.50, Scotia Investments closed with 1,500 shares changing hands to close 45 cents up at $26.30, Sterling Investments finished trading with 57,140 shares trading at $13.39 for a loss of 1 cent and Supreme Ventures saw trading in 52,020 units to close 35 cents down at $3.60.
Markets fell as more stocks decline than rise
May 26, 2015 by
Pan Jam fell $1.66 on Tuesday
TheJSE Market Index lost 996.20 points to 97,498.24, theJSE All Jamaican Composite index fell/ decline/ rose 923.95 points to close at 107,915.70 and the JSE combined index dropped 1,138.33 points to end at 99,681.18.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 9 stocks with bids higher than their last selling prices and 6 with offers that were lower.
In trading, Cable & Wireless ended with 1,940,000 units trading between 47 cents and the last price of 50 cents to gain 3 cents, Caribbean Cement closed with 5,400 shares at $4.01, down 34 cents, Desnoes & Geddes finished trading with 69,899 shares at $7.36 after adding a cent to the price, Gleaner saw trading in 102,913 shares to close with 7 cents gains at $1.07, Grace Kennedy closed with just 7,843 units changing hands at $63 to gain 25 cents, Jamaica Broilers finished trading with 23,138 shares while losing 25 cents to $5.25, JMMB Group concluded trading with 21,250 shares to close unchanged at $9. Mayberry Investments completed trading in 1,135,000 shares at $3 by gaining 15 cents at the end, National Commercial Bank had dealings in just 9,944 units to close down 8 cents at $29.52 at the same time the stock closed up in Trinidad at the equivalent of $31.50. Pan Jamaican Investment contributed 2,150 shares to close down by $1.66 at $58.59, 
Radio Jamaica gained 15 cents to end trading with 40,700 units at $2.75, for anew 52 weeks’ high. Sagicor Group closed with 1,471,642 shares at $12, after shedding 15 cents, Sagicor Real Estate Fund finished trading with 18,896 units at $7.50, for a 50 cents fall, Scotia Group ended trading with just 473 units to close at $25.35 after losing 15 cents. Seprod finished trading with 10,162 units at $18 to gain 50 cents, Supreme Ventures ended with 55,747 units at $3.95, up 35 cents. Trinidad Cement ended trading with 105 shares to close down by at $15, Proven Investments closed with 721,573 shares at 19 US cents, after losing 1.5 US cents. Jamaica Money Market Brokers 7.50% preference share finished trading with 350,000 units at $2.30 and Jamaica Money Market Brokers 8.75% preference share traded 199,000 shares at $3.02 and lost 3 cents.