9 stocks rose 12 declined on JSE

Pan Jam closed at $60 after gaining $1.19

Pan Jam closed at $60 after gaining $1.19

Activity on the Jamaica Stock Exchange, resulted in the prices of 9 stocks rising, 12 declining as 28 securities changed hands, ending in 1,649,208 units trading, valued at $11,833,234, in all market segments.
The JSE Market Index gained 112.16 points to 98,382.51, theJSE All Jamaican Composite index rose 125.41 points to end at 108,714.51 and the JSE combined index declined by 12.53 points to close at 100,575.43.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 12 stocks with bids higher than their last selling prices and 13 with offers that were lower. 7 of the lower offers are in the junior market and 2 are preference shares, an indication that main market ordinary JSE sum 21-5-15shares strength remains fairly intact at this stage and may be one reason the main market indices, recorded gains at the end of trading.
Trading included Berger Paints trading 5,000 shares to close with a loss of 40 cents at $2.60, Cable & Wireless ended with 438,117 shares at 46 cents, for a gain of 1 cent, Caribbean Cement slipped 4 cents with 48,850 shares trading, to close at $4.55, Carreras closed with 92,083 units trading at $49, by dropping $1. Desnoes & Geddes lost 44 cents in trading 5,000 shares in closing at $7.26, Grace Kennedy gained 35 cents with 9,905 units changing hands in closing at $62.50. Jamaica Stock Exchange slipped 15 cents with 43,700 shares trading at $3.35, JMMB Group had 73,345 shares trading with a gain of 44 cents to $8.89, JSE fn qts 21-5-15Margaritaville (Turks) ended with 100,000 shares trading at 10 US cents, Mayberry Investments traded just 1,020 units but lost 15 cents to end at $2.85. National Commercial Bank traded unchanged with 25,000 units at $30, Pan Jamaican traded only 1,700 shares to end with a gain of $1.19 at $60, Proven Investments closed with 17,700 units to gain almost a cent to 20.48 US cents. Radio Jamaica traded 50,000 shares unchanged at $2.58, Sagicor Group gained 50 cents in trading 135,347 units to close at $12, Scotia Group gained 36 cents with 2,190 shares trading, to end at $25.32. Scotia Investments traded only 176 units in gaining 35 cents to $25.85, Seprod lost 50 cents in trading 5,000 units at $17.50 and Supreme Ventures lost 30 cents with 10,727 units changing hands at $3.60.

JSE Markets up pace slowing

Grace fell $1 after reporting a decline in Q1 profits

Grace fell $1 after reporting a decline in Q1 profits

The main market indices of the Jamaica Stock Exchange recorded another day of gains on Monday, but the current run up for the main market, may be peaking, until the summer months. With the latest inflation number being very tame, the stage may be set for another round of lower interest rates that could ignite the market again before long.
Activity on the Jamaica Stock Exchange, resulted in the prices of 15 stocks rising, including 8 new 52 weeks’ high, 7 declining as 35 securities changed hands, ending in 4,079,019 units trading, valued at $46,667,393, in all market segments. The JSE Market Index gained 295.86 points to 99,287.96, the JSE All Jamaican Composite index rose 330.79 points to close at 109,726.84 and the JSE combined index gained/ put on 321.05 points to close at 101,740.07. Stocks closing at new 52 weeks’ highs, in the main market are, Berger Paints, Desnoes and Geddes, Caribbean Cement, Jamaica Broilers and Radio Jamaica.
JSE sum -18-5-15 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 3 with offers that were lower.
Stocks trading include, Berger Paints ended trading with 81,477 shares changing hands to close 20 cents higher at $2.55, Caribbean Cement closed with 240,866 shares trading, 89 cents higher, at $5.10, Carreras finished trading with 20,385 shares and lost 35 cents to close at $49, Desnoes & Geddes saw trading in 31,000 shares trading 5 cents higher at $7.25. Gleaner closed with 170,739 units trading, with the price unchanged at $1, Grace Kennedy finished trading with 42,032 shares and fell $1 to close at $63.50. Jamaica Stock Exchange concluded trading with 25,000 units trading with the last price unchanged at $3.50, JMMB Group completed trading in 11,506 shares changing hands and jumped $50 cents at $10,the stock closed with an offer at $9.49, Kingston Wharves had dealing in 34,221 units traded at 6 cents up to $6.26.JSE fn qts 18-5-15 Mayberry Investments contributed 93,828 units to trading and close unchanged at $3, National Commercial Bank ended trading with 52,070 shares changing hands to close down by 50 cents at $30 and based on today’s trading which saw the bid that was at $30 for several days, to buy an undisclosed amount being pulled, it looks as if the price could fall back below $30, Radio Jamaica closed with 100,000 shares trading at $2.48 after adding 8 cents, Sagicor Group finished trading with 1,127,037 units but remained unchanged at $12, after it trading during the day at $11. Scotia Group ended trading 72,725 units to close 14 cents higher, at $25.30, Scotia Investments closed with 2,300 shares, 75 cents up at $25.50. Jamaica Money Market Brokers 8.75% preference share finished trading with 153,398 units changing hands to close 2 cents higher at $3.02 and Proven Investments 8% preference shares saw trading in 26,805 units with the price ending unchanged at $5, after gaining 50 cents earlier in the day before falling back.

JSE back at August 2008 levels

Scotia rose to $27 during trading to help push market on Monday

Scotia rose to $27 during trading to help push market on Monday

The Jamaica Stock Exchange closed Monday at a 82 months’ high, taking it back to August 2008, just before the market tanked, ahead of rising interest rates locally.
Today’s trading resulted in the prices of 13 stocks rising, 9 declining as 32 securities changed hands, ending in 3,376,261 units trading, valued at $34,457,428, in all market segments with the market indices continuing to record gains. The market closed with 6 new 52 weeks high in the junior and main market.
TheJSE Market Index gained 1,291.03 points to 98,710.56, the JSE All Jamaican Composite index rose 1,443.44 points to close at 109,081.28 and the JSE Combined Index closed at 100,708.70 with a gain of 1,293.92 points. JSE sum 11-5-15The JSE All Jamaican Composite index closed at the highest level since it closed on August 28, 2008 at 109,877.58. Based on Monday’s close, the market has now crossed over the resistance trend line, just below today’s close. With Scotia Group pulling back from today‘s high of $27, there is no certainty that it will remain above resistance at the close on Tuesday, even if it does not pull back, the 115,000 mark, just 6,000 points away, is likely to be a real test as most first quarter results would have been released this week.
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 4 with offers that were lower.
Stocks trading include, Berger Paints trading 2,705 shares at $1.80 after shedding 15 cents. Cable & Wireless ended with 196,631 JSE qts 11-5-15shares to close up 3 cents at 46 cents, Caribbean Cement ended with 15,074 units with the price falling 49 cents to $4.50, Carreras traded just 2,000 shares and declined 85 cents to $48.10, Desnoes & Geddes traded 252,106 shares $6.90 while adding 30 cents, Gleaner finished trading 886,808 units at $1, Jamaica Broilers ended trading with 7,634 shares at a new 52 weeks’ high of $5.25 after posting a gain of 45 cents. Jamaica Stock Exchange ended with 607,587 units and lost 3 cents at $2.90, JMMB Group closed with 35,677 shares at $9.10, for a gain of 39 cents. Mayberry Investments had dealing in only 1,669 shares to close at $2.80, to gain 5 cents, while National Commercial Bank contributed 845,891 shares at $30. Radio Jamaica traded gained 19 cents while 25,185 shares traded at a new 52 weeks’ high of $2.19, Sagicor Group completed trading with 191,940 units at $12, with a 10 cents loss. Scotia Group traded 16,348 shares to close at $25.02 to lose 98 cents compared to Friday’s close but traded at a new intraday high of $27. Scotia Investments had 10,000 units trading at $24.60 to gain 10 cents and Jamaica Money Market Brokers 7.50% preference share traded 50,000 units at $2.11.

Will JSE scale resistance?

Scotia closed at a new 52 weeks' high on Friday at $26

Scotia closed at a new 52 weeks’ high on Friday at $26

Activity on the Jamaica Stock Exchange, resulted in the prices of 10 stocks rising, 7 declining as 29 securities changed hands, ending in 6,141,061 units trading, valued at $71,781,428, in all market segments.
The big question with some profit taking on Friday is whether the market has enough fuel to clear resistance around 109,000 points on the all Jamaica Composite index on this leg of the rally, or will it have to wait until summer, when the market usually resumes it advance after what is normally a softening after mid-May. Even if it does scale the pending resistance there is another at 115,000 points which is likely to be the first real test before it moves on.
In the first hour of trading on Friday the all Jamaica Composite index was up 653.67 points to 108,085.44 and the JSE index put on 584.65 to 97,819.86, sometime after the indices slipped back with a fall in the price of a number of large company stocks. JSE sum 8-5-15At the close, theJSE Market Index advanced 184.32 points to 97,419.53, theJSE All Jamaican Composite index rose 206.07 points to close at 107,637.84 and the JSE combined index gained 287.20 points to close at 99,424.78.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 12 stocks with bids higher than their last selling prices and 5 with offers that were lower.
In trading, Barita Investments ended with 100,000 shares changing hands, 1 cent higher, at $2.31. Caribbean Cement closed with 66,000 units trading at $4.99 with a 1 cent slippage, Desnoes & Geddes finished trading with 264,406 shares to end at $6.60, by shedding 40 cents, Grace Kennedy saw trading in 13,244 units unchanged at $65.50, Jamaica Broilers ended with 40,831 shares trading but lost 20 cents to $4.80. Jamaica Stock Exchange closed with 375,000 units changing hands but remained at $2.93, JMMB Group finished trading with a fall of 29 cents with 867,080 shares to end at $8.71. Mayberry Investments concluded trading with 203,163 shares and gained 10 cents, at $2.75,JSE fn qts 8-5-15 National Commercial Bank ended unchanged at $30, in trading 126,642 units, Sagicor Group had dealing in 157,550 units and ended at $12.10, with a 10 cents increase. Scotia Group contributed 1,967,501 shares with a $50 million value to close at a new 52 weeks high of $26 after rising $1, Seprod ended trading with 36,900 shares at $18.25, down 25 cents and Jamaica Money Market Brokers 8.75% preference share traded closed with 148,603 at $3.10.
The stocks to watch for the week ahead include Barita with a bid at $2.30 with one offer at $5, Cable & Wireless with the bid of 44 cents, last sale 43 cents, Jamaica Producers with the bid of $18.52 and an offer at $25. JMMB Group having a bid at $8.72 versus last sale of $8.71, National Commercial Bank is well supported by NCB Capital Market with an undisclosed amount being bought at $30, Mayberry bid $2.75 to but 128,962 units. Pan Jamaican Investment bid at $58 and no stock on offer. Radio Jamaica with a last selling price of $2 and a bid at $2.20 and Scotia Investments with a bid at $24.80 against a last sale price of $24.50.

18 gains 10 new highs – Tuesday

H&L gained 35% or $2.65 to $10.15 on Tuesday

H&L gained 35% or $2.65 to $10.15 on Tuesday

The closing main market indices do not tell the full tale of activity on the Jamaica Stock Exchange on Tuesday, as the day closed with 10 new at 52 weeks’ high and with advancing stocks out numbering declining stocks, by a wide margin as 60 percent of stocks trading increased in price. During the early morning, trading in two stocks was halted having exceeded the 15 percent circuit breaker maximum price movement initially.
Hardware and Lumber one of the stocks after an hour freeze in the trade went through with a gain of 29.70 percent but Radio Jamaica price of $3 that the stock had attempted trading at, was well over the 30 percent allowed and was cancelled. Ciboney price gained more than thirty percent from the last price but the bid on the previous day was such that the trade could take place unimpeded as the benchmark for the 15 percent was the bid price in the case. The market closed with the prices of 18 stocks rising, 5 declining, with 30 securities changing hands, ending in 7,028,882 units trading, valued at $46,086,343, in all market segments.
JSE sum 5-5-15 Main Market| The JSE Market Index gained just 11.21 points to 95,493.85, the JSE All Jamaican Composite index rose 12.53 points to close at 105,484.85 and the JSE combined index gained 181.45 points to close at 97,599.81.
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 2 with offers that were lower.
In trading, Caribbean Cement ended with 50,000 units to close higher by 80 cents to end at $5, a new 52 weeks’ high, Carreras closed with 18,000 shares trading as the price jumped $2.82 to $50, a new 52 weeks’ high. Ciboney finished with 500,000 units and put on 2 cents to close at 9 cents, Desnoes & Geddes finished trading with 500 shares and gained of 2 cents to end at a new 52 weeks’ high of $6.51. Grace Kennedy concluded trading with just 10,193 units, 11 cents higher at $64.12, Hardware & Lumber had trading of 4,000 shares, the price climbed $2.65 to end at $10.15, Jamaica Broilers contributed 176,408 shares but the price gained by 9 cents to $5, JMMB Group finished trading with 1,026,000 units to close at $8.30, for a new 52 weeks’ high. Mayberry Investments had dealing in 120,581 units with a gain on 1 cent to end at a new 52 weeks’ high of $2.80, JSE cl qts 5-5-15National Commercial Bank contributed 275,391 shares to trading and ended higher by 51 cents at $30.50, Pan Jamaican Investment ended with 169,314 units trading, 51 cents higher at $57.51. Sagicor Group closed with 160,357 shares traded with a gain of 20 cents to $12.20, a new 52 weeks’ high. Scotia Group finished with 30,305 shares as the price ended at $25, Seprod finished trading with 64,600 units to close at $18.50, Supreme Ventures concluded trading with 755,156 shares as the rice rose 39 cents to end at $3.90, a new 52 weeks’ high. Proven Investments had trading in 25,994 units with the price falling .001 us cents to end at 20.99 us cents, Jamaica Money Market Brokers 8.75% preference share finished trading with 180,097 units with a decline of 20 cents to $3 and Proven Investments 8% preference share closed with 64,240 units as the price slipped 5 cents to $5.

JSE to repeat today’s gains on Thursday

NCB closed at a new 52 weeks' high on of $26.50 on Wednesday

NCB closed at a new 52 weeks’ high on of $26.50 on Wednesday

The stock market closed on Wednesday with 12 stock recording price gain versus only 1 with a decline, that performance does not look like a flash in the pan based on what the IC Indicator is showing at the end of trading.,
The Investors Choice bid-offer Indicator shows 11 stocks with bids higher than their last selling prices and 2 with offers that were lower, in the main and junior markets. IC Indicator reading is suggesting that the number of trades on Thursday should see another day of many more stocks rising than falling.
Activity on the Jamaica Stock Exchange, resulted in 23 securities changing hands and ending with 4,735,155 units trading, valued at $24,434,254, in all market segments. National Commercial Bank, closed at a new 52 weeks’ high of $26.50 with 301,200 shares changing hands at 50 cents higher than on Tuesday and ahead of the company reporting six months results and dividend payment on Thursday.
JSE 22-4-15 Main Market| The JSE Market Index gained 474.33 points to 86,299.76, the JSE All Jamaican Composite index rose 530.32 points to close at 95,205.43 and the JSE combined index gained 446.19 points to close at 87,994.37.
Cable & Wireless with 256,932 units traded at 52 cents and ended with the bid at 53 cents to buy 100,000 shares. Ciboney Group traded 2,000,000 shares at 6, Desnoes & Geddes gained 10 cents and traded 29,400 at $6 with an offer at $6.50 at the close. Grace Kennedy with 19,224 shares that traded closed at 90 cents higher at $63, Jamaica Broilers had 86,530 shares trading to close at $4.70,
JMMB Group traded 855,593 ordinary shares for 38 cents higher at $7.48. The stock had JMMB Securities on the offer selling 268,800 units at $7.48, 5000 units at $7.50 and 34,655 shares at $8.50 as the lowest offers posted at the end of trading.The broker posted small buy orders from $7.03 to $7.10. Victoria Mutual Wealth Management sold the bulk of the shares to trade with Sagiocr Investments being the major buyer of them.
Radio Jamaica traded 13,372 shares at $2 to gain 25 cents, Sagicor Group traded 66,350 shares JSE  qts 22-4-15to close at $10.55 while gaining 10 cents in the process but traded as high as $10.75 before the close. Sagicor Real Estate X Fund had 529,519 units changing hands to close at $6.50, after shedding 25 cents. Salada Foods traded 35,480 at $9, Scotia Group saw 118,289 units, closing at $22, Supreme Ventures 19,900 units traded 4 cents higher at $2.84 and Jamaica Money Market Brokers 8.75% preference share, traded 317,331 units at $3.20 with an increase of 10 cents.

Moderate trading on Wednesday so far

Trading on the Jamaica Stock Exchange on Wednesday morning resulted in a few noticeable trades, JSE intra 22-5-15as the market with 3.55 million units trading, coming form 9 securities but with none from the junior market.
The all Jamaica composite index rose just over 100 points and the Jamaica Stock Exchange index gained just under 100 points. Some of the stocks to trade are Ciboney Group with 2 million shares at 6 cents, JMMB Group with 795,353 at 7.10, Radio Jamaica with 13,372 at $2 with a 25 cents gain, Sagicor Group with 19,850 units at $10.75 as the price rose by 25 cents and Sagicor Real Estate X Fund 465,229 units at $6.55.

JSE near 2 year high with 2,528 points rise

Scotia Group closed higher at the close & helped to push market up on Monday

Scotia Group closed higher at the close & helped to push market up on Monday

The Jamaica Stock Exchange enjoyed a major move at the end of trading resulting from the prices of 13 stocks rising, 5 declining as Scotia Group contributed a large portion of the movement. Overall 24 securities changed hands, ending in 4,719,358 units trading, valued at $68,565,889, in all market segments.
Main Market|The JSE Market Index gained 2,261.39 points to 87,351.52, the JSE All Jamaican Composite index rose 2,528.34 points to close at 96,381.35 putting it back in line with the close of 96,381.58 on May 3, 2012 and the JSE combined index gained 2,134.42 points to close at 89,072.22. Scotia Group’s price movement to $24.50 in early trading was the major factor behind the big surge in the main market indices, as such there may be a fall back on Tuesday as Scotia’s price seems likely to settle back well below the price of $23.81 used in computing today’s indices, unless other stocks move up to compensate.
JSe sum 20-4-15 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 just 4 with offers that were lower, with 2 of the offers being stocks that hardly trade.
In trading, Scotia Investments bought all Scotia Group’s shares to trade, in the early morning session up to $24.50, for a 52 weeks intra-day high, but the stock ended with 205,115 units trading to close at $22.10 with a 24 cents fall from Friday’s last sale price. Desnoes & Geddes traded 92,793 shares up to $5.90, with a 10 cents gain, Grace Kennedy traded 933,318 shares and closed at $62.01, with a total value of $57.8 million,JM qts 20-4-15 with the price dropping $1.99 from Friday’s last traded price of $64. National Commercial Bank traded only 21,750 shares to close higher at $26, with an increase of 47 cents. Radio Jamaica 86,383 units that traded did so at $2, Sagicor Group 16,400 units traded at $10.50, Sagicor Real Estate Fund had 48,600 units changing hands at $6.75, to gain 25 cents and Jamaica Money Market Brokers 8.75% preference share traded 33,500 units at $3.10.
Kingston Wharves traded just 4,00 shares but ended up gaining 50 cents to close at $6.40, Scotia Investments gained 49 cents in trading 1,200 units at $23.50 and Supreme Ventures traded 4,000 units at $2.80 by gaining 30 cents.

Low trading on JSE Wednesday

JSE sum 15-4-15Activity on the Jamaica Stock Exchange, resulted in the prices of 6 stocks rising, 8 declining as 19 securities changed hands, ending in 2,545,551 units trading, valued at $13,385,867, in all market segments.
Main Market| The JSE Market Index gained just 28.96 points to 84,837.26, the JSE All Jamaican Composite index rose 32.38 points to close at 93,570.30 and the JSE combined index gained 40.13 points to close at 86,628.32.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator was flashing strong signals of rising prices ahead, with 15 stocks having bids higher than their last selling prices and only 2 with offers that were lower. In trading on the main market, Cable & Wireless traded 556,317 units at 50 cents to gain a cent at the close, JSE qts 15-4-15 Jamaica Producers had 508,889 shares changing hands to close at $16, after trading down at $15.96, at the close there was buying interest in 496,095 shares at $15.96. National Commercial Bank traded just 15,300 shares to close at $25.26 for a 24 cents decline, but there is 137,000 units on the bid to buy at $25.26, Sagicor Group had just 54,877 units changing hands at $10.40 and Scotia Group traded 16,788 at $21.95 to decline by 55 cents, with 192,864 units on the bid at $21.92. Radio Jamaica did not traded but ended with a bid to buy 200,000 at $1.50, with the lowest offer being 48,000 units at $2 and the next, 15,100 units at $3.

D&G at new high with $64m trade

D&G traded over 10m shares on Monday

D&G traded over 10m shares on Monday

Desnoes & Geddes traded 10,710,929 shares, with a value of $64,265,574. Mayberry Investments sold from within their in house portfolio at $6 per shares, with the price ending at a new 52 weeks’ high after gaining 45 cents for the day.
Sagicor Investments bought the block as brokers for the buyer. Carreras was the other major traded to take place in the market with 1.3 million shares in ten separate trades. NCB Capital Market sold from in house inventory with Scotia Investments being the broker doing the vast majority of the buying. With the exception of 370 shares which traded at $43, the rest traded at $42.
Activity elsewhere on the Jamaica Stock Exchange, resulted in the prices of 7 stocks rising, 7 declining as 20 securities changed hands, ending in 13,368,989 units trading, valued at $131,890,39, in all market segments.
Main Market| The JSE Market Index lost 327.75 points to 85,319.89, the JSE All Jamaican Composite index fell 366.44 points to close at 94,109.89 and the JSE combined index dropped 351.94 points to close at 87,029.50
JSE sum 13-4-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 12 stocks with bids higher than their last selling prices and 4 with offers that were lower.
Carreras traded 1,300,000 at $42 for a $1 fall, Grace Kennedy with 47,691 shares closed trading at $63 for a $2 fall, Jamaica Money Market Brokers 7.50% preference share, closed with 250,000 units at $2.02, to record a 2 cents gain, Jamaica Producers Group lost $1.04 in trading only 200 shares and ended at $15.96. Sagicor Group traded 50,268 shares between $10.03 and $10.50 before closing at $10.50, Scotia Group ended up trading 354,932 shares for 45 cents higher at $22.50, Scotia Investments had 20,000 shares changing hands at $23 for a decline of 80 cents and Supreme Ventures closing with 36,120 units at $2.84, a decline of 11 cents.JSE qts 13-4-15 Stocks with good interest to buy are Berger Paints with 200,000 units on the bid at $1.60, Jamaica Broilers with the bid at $4.50 to buy 239,065 shares, JMMB Group with 807,884 shares on the bid at $7.02. Jamaica Producers has buyers for 496,855 units at $15.96, Radio Jamaica 200,000 shares at $1.50, Sagicor Group 341,717 shares on the bid at $10.06 and Scotia Investments with the bid at $23 to buy 133,940 shares.
There is strong interest to sell Sagicor Real Estate X Fund with 1,400,000 being offered at $6.95 and Jamaica Money Market Brokers 8.75% preference share at $3.20 for 400,000 units.