Trading picked up on the Jamaica Stock Exchange after the very slow start up to 11am on Thursday with 18 securities trading resulting in 733,909 units changing hands. The junior market had only 2 securities trading while the US market had one.
The all Jamaica Composite Index had once more climbed back well above the 94,000 mark but a fall in Scotia fell by $1 to $21.56 and then back to $22.50 on small volume, but not even the $1.50 rise in Jamaica Producers to $18.50 could stave off 293.32 points to reach 93,643.37 while the main market index slipped 262.35 points to 84,902.62. The junior market index rose 0.33 points to 731.31.
IC Insider Buy Rated RJR closed at a new 52 weeks high of $2 with just over 190,000 shares as the price puts on 50 cents and Supreme Ventures is also at a new 52 weeks high of $2.80, up 50 cents but with 30,000 shares trading. Sagicor X Fund was down by 40 cents to $6.50 as increased selling is over whelming demand.
Trading picks up on JSE after 11am
JSE off to a slow start
Tuesday’s trading activity on the Jamaica Stock Exchange was lukewarm at best with the prices of 5 stocks rising, 4 declining as 19 securities changed hands, ending in 1,142,877 units trading, valued at a mere $3,840,399, in all market segments.
Main Market| The JSE Market Index lost 136.32 points to 84,969.60, the JSE All Jamaican Composite index fell 152.41 points to close at 93,718.26 and the JSE combined index declined by 6.16points to close at 86,781.76.
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 5 with offers that were lower.
Stocks of interest include Carreras that traded only 1,100 shares to close at $41.51 with a gain of 43 cents, the bid is at $41.50 for 5,000 shares and the offer is at $44.50 for 3,978 shares.
Grace Kennedy traded 18,162 shares to gain $1 to $63, the stock closed with the offer at $63 for a small volume. Sagicor Group lost 20 cents to end at $10.20 while 65,291 units were traded between $10.20 and $10.45. At the close there were 1 million units on offer at $10.60.
Some of the stocks with bids that are higher than the last selling price are Jamaica Stock Exchange with a bid of $2.30 to buy 100,000 units against the last sale price of $2 and Radio Jamaica with a bid for 5,000 shares by Mayberry for in house purposes at $1.60 last selling price $1.50.
Scotia pushed up JSE on Thursday
Scotia closed at a new 52 weeks’ high on Thursday
Trading resulted in the prices of 10 stocks rising, 3 declining as 20 securities changed hands, ending in 2,668,728 units trading, valued at $29,091,872, in all market segments.
Main Market| The JSE Market Index gained 1,509.67 points to 85,105.92, the JSE All Jamaican Composite index rose 1,687.89 points to close at 93,870.67 and the JSE combined index gained 1,494.99 points to close at 86,787.92.
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 7 stocks with offers that were lower, an indication of a market that will move in a sideward manner near term.
Scotia Group traded 841,758 shares between $22.20 and $23 but closed at a new 52 weeks’ high of $22.50, Scotia visible supply, is only 111,000 shares between $22.50 and $24.49 while demand is above 363,000 down to $21.50 with more at $21.11 and lower. Jamaica Broilers Group traded 335,165 shares at $4.50 and ended with a bid of $4.30 to buy 112,000 units and an offer of 60,000 at $4.69, strong support is at $4 for 1.93 million units. National Commercial Bank traded 129,760 units to close at $25 and ended with a bid of $25 to purchase 83,333 shares with an offer of 200,000 shares at $25.28, there is also 679,000 units on offer at $25.50, good support is down to $24 to $24.17. Sagicor Group traded 229,350 shares and closed at $10.50. There are two offers one at $11.40 to sell $17,500 shares and another to sell 887,000 units at $12.50, there is good support at $10 with of 520,000 units.Other stocks of interest are Desnoes and Geddes with the bid at $5.50 to buy 20,000 shares but with only one offer to sell 10 million units at $6, stronger support is at $5.41. Carreras with a bid at $41 to buy 7,500 units with further support down to $40 with the lowest offer being at $44.50 for 4,000 shares, the next offer is at $46 for 12,000 and 2,000 shares at $47. Significant offer is at $50 and then $56.50.
Jamaica Money Market Brokers has a bid to but 100,000 units at $7.05 and the lowest offer is at $7.98 to sell 7,000 units, currently, there is not much on the sell side around the lowest offer, while buying is mostly around the $6.50 level. Radio Jamaica has 1 million units on the bid at $148 with one offer at $2 for 190,000 units for sale and Sagicor Real Estate Fund with 1.44 million units on the offer at $6.95 to sell and moderate demand with a bid for 16,030 at $6.90, total bids amounts to 60,000 units with $5 being the lowest.
Palace jumps $10 to $80
Patrons lined up at Palace’s Multiplex in Montego Bay
Main Market| The JSE Market Index lost 208.43 points to 83,596.25, the JSE All Jamaican Composite index fell 233.04 points to end at 92,182.78 and the JSE combined index dropped by 111.67 points to close at 85,292.93.
Elsewhere in trading resulted in the prices of 7 stocks rising, 8 declining as 21 securities changed hands, ending in 2,749,601 units trading, valued at $20,236,546, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 8 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower.The main stocks trading in the main market are, Desnoes and Geddes with 1.5 million units ending at $5.50, for a 9 cents gain, Cable and Wireless with 710,000 units at 50 cents, Grace Kennedy with 45,844 units to close at $62 down 50 cents, as National Commercial Bank with 64,700 units and closing at $25. Sagicor Group chipped in with 86,700 units at $10.51 and Scotia Group had 79,445 units trading to close lower at $21.56.
Stocks closing with interesting bids and offers include Carreras with 88,500 units with a bid price of $40.01 with meaningful offer some distance off.
Gleaner with over 1 million units on the bid at 90 cents versus 500,000 on offer at $1.07. National Commercial Bank with a bid of $25 to buy nearly 200,000 units with the offer at $25.25 to sell 200,000 shares. Radio Jamaica with 1 million units bid at $1.48 just below the last traded price and the Sagicor Real Estate Fund with an offer to sell 1.44 million units at $6.95 and Seprod with 555,000 units on offer at $15.90.
Are JSE month end prices manipulated?
Grace shares gained $1.49 to end at $62.50 on Tuesday
From as far back as the last full week before the month end, there were signs of closing bids and offers being posted with what appears an intent to maintain them at higher levels until month end or close thereto as possible. Tuesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 18 stocks rising, only 3 declining as 32 securities changed hands, ending in 3,268,722 units trading, valued at $28,664,047, in all market segments.
Main Market| At the close the JSE Market Index lost 441.41 points to 83,804.68, the JSE All Jamaican Composite index fell 493.52 points to close at 92,415.82 and the JSE combined index declined 433.24 points to end at 85,404.60.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows just 7 stocks with bids higher than their last selling prices and 4 with offers that were lower in contrast with 14 to 4 at the end of trading on Monday.
Gains| Stocks gaining with last traded prices, at the end of trading
Scotia Investments gained $1.50 to end at $23.50 on Tuesday
Firm| The stocks in the main market to close without change in the last traded prices are, Cable & Wireless finishing trading with 172,000 shares at 50 cents, Caribbean Cement in trading 1,500 shares while ending at $2.25. Carreras completed trading with 1,980 shares changing hands at $40, Jamaica Broilers with 2,000 shares changing hands closed at $4.50, Jamaica Money Market Brokers while exchanging 17,572 ordinary shares closed at $7.06, Proven Investments ending trading with 6,300 units with the price remaining 18 US cents and Sagicor Real Estate Fund had 22,500 shares changing hands at $6.90.
Declines| There was only one stock that closed lower than the opening as Scotia Group finished trading with 79,892 units to close at $21.76, after losing 44 cents.
Preference| In the preference sector, Jamaica Money Market Brokers 8.75% preference share closed with 500 shares changing hands, 1 cent higher at $3.05, Jamaica Money Market Brokers 7.25% preference share trading with 1,500 units at $2.50, Jamaica Money Market Brokers 7.50% preference share concluding trading with 25,072 units at $2 and Eppley 9.5% preference share, closing with 22,676 shares changing hands at $6.
Jamaican stocks up 3,000 points in 3 days
Jamaican stocks have risen 3,054 points in the last three trading days but will it last or will the rally which started in October last year power on up? The movement is reflected in the all Jamaica Composite Index of the Jamaica Stock Exchange between last Thursday and Monday. Market activity resulted in Monday’s closing All Jamaica Index reaching the highest level, since early June 2012.
The increase took place on very low volume and was influenced mainly by one stock, Scotia Group with a mere 1,000 units trading as the prices of 6 stocks rose, 7 declined and only 21 securities changed hands, ending in 1,756,279 units trading, valued at $8,819,494, in all market segments.
Main Market| The JSE Market Index gained 848.12 points to 84,246.09, the JSE All Jamaican Composite index rose 948.24 points to close at 92,909.34 and the JSE combined index climbed 805.21 points to close at 85,837.84.
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 6 stocks with offers that were lower.
JMMB traded as high as $7.99 on Monday a new 52 weeks intra day high
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless contributing 64,085 shares trading at 50 cents, Jamaica Broilers finishing trading with 4,794 shares traded with a gain of $4.50, Jamaica Producers while exchanging 5,000 shares closed at $15.60. Proven Investments closed with 40,146 units trading at 18 US cents and Seprod concluding trading with 1,156 units, closed at $14.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras finishing trading with 29,981 units, the price slipped $1 to $40, Desnoes & Geddes with 28,745 units trading, closed lower by 5 cents at $5.40. Grace Kennedy concluding trading with 7,475 units to close down by 49 cents to $61.01, National Commercial Bank trading 120,019 shares changing hands 12 cents lower to $24.88, Radio Jamaica lost 1 cent while trading 7,206 shares at $1.38 and Sagicor Real Estate Fund there was dealing in 36,600 units to close lower by 5 cents to $6.90.Preference| Jamaica Money Market Brokers 7.25% preference shares ending trading with 26,900 shares changing hands at $2.50 and Proven Investments 8% preference share traded just 307 units to end at $5.50.
JSE ends week moderately
Carerras traded up to $41 on Friday from $39.95, but on small volume.
Main Market| At the close, the JSE Market Index gained 223.17 points to 83,397.97, the JSE All Jamaican Composite index rose 249.52 points to close at 91,961.10 and the JSE combined index increased by 228.52 points to close at 85,032.63.
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. The indicator is stronger for junior market stocks than the main market ones.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Carreras finishing with 853 units trading, to close with a gain of $1.05 at $41, Grace Kennedy closing with 2,390 shares, trading with a gain of 50 cents to $61.50. Jamaica Money Market Brokers finishing trading with 186,452 ordinary shares to end with an increase of 3 cents at $7.05, Mayberry Investments contributing 3,943 shares while gaining 8 cents to $2.08 and Radio Jamaica ending trading with 9,500 shares as the price rose 1 cent, to $1.39, a new 52 weeks high.
Firm| The stocks in the main market to close without a change in the last traded prices are, Desnoes & Geddes closed with 16,849 shares changing hands at $5.45, Proven Investments closing with 3,287 shares at 18 US cents, Scotia Group concluding trading with 91,792 shares at $21.50, units closed at with shares at.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Gleaner finishing with 65,500 units, the price slipped 9 cents to 86 cents, Sagicor Group trading 172,728 units to close lower by 12 cents, at $10.48 and Supreme Ventures while exchanging 200,000 units, closed 1 cent down to $2.29.Preference| Jamaica Money Market Brokers 8.50% preference shares concluding trading with 15,628 units at $3.50 and Jamaica Money Market Brokers 8.75% preference shares finished with 41,965 units changing hands at $3.04.
Low trading on JSE Monday
Monday’s activity on the Jamaica Stock Exchange was moderate, resulting in the prices of 6 stocks rising, 4 declining as only 14 securities changed hands, ending in 2,002,875 units trading, valued at $10,729,312 in all market segments. Main Market| The JSE Market Index gained 314.15 points to 82,702.20, the JSE All Jamaican Composite index rose 351.23 points to close at 91,183.19 and the JSE combined index gained 329.13 points to close at 84,405.68.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator is indicating a sideward movement for the market, with 8 stocks having bids higher than their last selling prices and 6 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Jamaica Money Market Brokers with 309,275 ordinary shares changing hands, closing higher by 15 cents at $7.15. Radio Jamaica in conducting trading with 7,025 shares, gained 1 cent to $1.38, Sagicor Group while exchanging 519,047 shares ended gaining 10 cents to close at $10.41 and Scotia Group had dealing in 24,576 shares and added $1 in closing at $22.
Firm| The stocks in the main market to close without a change in the last traded prices are, Barita Investments in trading 2,159 shares closed at $2.25, Caribbean Cement trading 8,900 shares ended at $2.31 and Sagicor Real Estate Fund in dealing with 7,220 shares closed at $6.70.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless finishing with 701,220 units to close lower by 1 cent to 54 cents, Grace Kennedy closing with 2,400 units as the price slipped $1 $61, Jamaica Broilers ending trading with 288,969 shares and lost 5 cents to $4 and Mayberry Investments concluded trading with 1,470 shares and suffered a loss of 13 cents to $2.36.
JSE at 20 months high heading higher
Activity on the Jamaica Stock Exchange, took the market to a new 20 month high resulting from the prices of 7 stocks rising and 8 declining as 20 securities changed hands, ending in 10,902,372 units trading, valued at $48,753,888, in all market segments. Gleaner Company accounted for the bulk of the shares trading with 8 million units while Sagicor Group and Scotia Group each accounted for more than 1 million units.
The chart shows the all Jamaica composite index just crossing over short term resistance. Resistance from July 2007 at 91,700 points is the more important resistance level for it to break through to move to the next critical point of 100,000.
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 4 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Gleaner in having 8,267,155 shares changing hands, closed higher by 19 cents at $1.10, Grace Kennedy closed trading with 15,600 shares trading to gain 50 cents to end at $62, Hardware & Lumber ended trading with 5,000 shares changing hands for 83 cents greater at $7.40, Mayberry Investments saw trading in 17,130 units to close with a gain of 16 cents to a 52 weeks’ high of $2.36 and Sagicor Real Estate Fund ended with 6,300 shares the price rose by 10 cents to $6.80.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless dealing in only 17,500 shares at 55 cents, Jamaica Broilers contributing 3,000 shares at $4.06. National Commercial Bank concluding trading with 37,691 shares at $23, Radio Jamaica exchanging 5,000 shares at $1.37 and Scotia Group with 1,114,723 shares changing hands to close at $21.Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras closed with 6,800 units as the price slipped 18 cents to $44, Desnoes & Geddes finished with 155,000 shares trading lower for 15 cents to $5.35. Jamaica Money Market Brokers with 149,000 ordinary shares closed with a loss of 2 cents at $6.90, Sagicor Group in trading 1,025,226 and lost 9 cents to $10.21 and Supreme Ventures finished trading with 28,487 shares with a loss of 20 cents to $2.20.
JSE quiet bullishness continues
Interest in the Jamaica stock market, improved on Tuesday resulting in 24 stocks securities changing hands and the main market indices gaining more than 1,000 points. There were 11 stocks advancing, 8 declining, ending in 8,794,289 units trading, valued at $42,590,814, in all market segments. A almost doubling of profits of Supreme Ventures and a the decision by the company to pay out over $800 million in dividends, helped to push the market.
strong> Main Market| The JSE Market Index gained 1,092.76 points to 81,900.29, the JSE All Jamaican Composite index rose 1,221.75 points to close at 90,286.63, the highest it has been since early July 2013 and the JSE combined index gained 1,016.39 points to close at 83,557.44.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 8 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless concluding trading with 111,000 shares changing hands to close higher by 7 cents at 55 cents, Carreras exchanging 25,000 shares while trading of 8 cents higher to $44.18. For Desnoes & Geddes there was dealing in 98,827 shares at 10 cents higher to $5.50, Jamaica Money Market Brokers contributing 17,448 shares in trading for 2 cents more at $6.92. Jamaica Producers closed trading with 1,013,600 shares changing hands while gaining $1.30 to $17, National Commercial Bank closed with 58,458 shares changing hands and rising 91 cents to a new 52 weeks’ high of $23, Proven Investments finished trading with 421 units and put on 0.49 cents to 18 US cent. Radio Jamaica saw trading in 7,422 shares, to end with an increase of 2 cents to $1.37, Scotia Investments ended with 5,000 units with a gain of $2.45 at $27.50 and Supreme Ventures closed with 3,295,614 shares to close 40 cents up at $2.40, after the company release large gain in profits for 2014 and announced increased dividend payments.
Firm| The stock in the main market to close without a change in the last traded prices is, Grace Kennedy that contributed 16,959 shares at $61.50.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Gleaner closing with 20,000 units as the price slipped 4 cents to 91 cents. Jamaica Broilers finishing with 8,008 shares trading lower by 4 cents, to $4.06, Sagicor Group in trading 532,911 shares lost 15 cents to $10.30 and Scotia Group finishing trading with 48,092 shares with a loss of 50 cents to $21.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 17,000 shares trading at $3.04, Jamaica Money Market Brokers 7.50% preference share traded 2,635,000 shares at $2, Proven Investments 8% preference share traded with 260,593 shares changing hands at $5.