Wednesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 6 stocks rising, 7 declining as 21 securities changed hands, ending in 1,996,047 units trading, valued at $15,520,825, in all market segments. the market recorded the second day with healthy gains in the main indices.
strong> Main Market| The JSE Market Index gained 377.14 points to 82,533.16, the JSE All Jamaican Composite index rose 421.66 points to close at 90,994.20 and the JSE combined index gained 397.54 points to close at 84,294.53.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 10 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, Berger Paints ended with 55,235 shares changing hands to close higher by 5 cents to $1.60, Cable & Wireless closed with 149,271 shares traded with a gain of 3 cents to 53 cents, Carreras finished trading with 101,000 shares changing hands at 5 cents to $38, Jamaica Broilers finishing with 149,600 shares while gaining 40 cents to end at $4.50 and Pan Jamaican Investment closing with 6,154 units to close with a gain of $1.01 to $55.01.
Firm| The stocks in the main market to close without a change in the last traded prices are, Caribbean Cement contributed 7,757 shares trading at $2.30, Desnoes & Geddes ending trading with 80,000 shares at $5.40, Grace Kennedy while exchanged 11,750 shares at $61 and Jamaica Money Market Brokers contributed 2,000 ordinary units at $7.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Barita Investments closing with 25,000 units as the price slipped 1 cent to $2.19, Mayberry Investments finishing trading with 9,523 units to close lower by 4 cents to $2.36 National Commercial Bank concluding trading with 64,013 units as the price slipped 85 cents$24.15, Sagicor Group in trading 557,479 shares trading lower for 3 cents to $10.50, Scotia Group finishing trading with 4,130 shares closed with a loss of 40 cents to $21.10 and Seprod had dealing in 23,069 units with a decline of 5 cents to $12.25.
Preference| Jamaica Money Market Brokers 7.50% preference share close at $2 after trading 503,126 units.
NCB back at $24.50
Monday’s activity on the Jamaica Stock Exchange was again moderate with only 21 securities be active, resulting in the prices of 5 stocks rising, 4 declining, 5 of the stocks traded are from the junior market. A total of 5,319,885 units changed hands, valued at $40,699,456, in all market segments.
The JSE Market Index lost 182.24 points to 81,699.09, the JSE All Jamaican Composite index fell 203.75 points to close at 90,061.68 and the JSE combined index dropped by 197.89 points to close at 83,533.22. National Commercial Bank closed at $24.50 after putting on $1 on the closing price on Friday. Sagicor Group had the largest volume of shares trading with 1,661,414.
Carreras price hit by cigarette tax
Peter Phillips raised SCT on cigarette by 11.4% to rake in $500m. Carreras announced a 15-20% price increase.
The day’s activity on the Jamaica Stock Exchange, resulted in the prices of 9 stocks rising, 11 declining as 27 securities changed hands, ending in 4,388,191 units trading, valued at $41,075,686, in all market segments.
Main Market| The JSE Market Index lost 637.18 points to 81,881.33, the JSE All Jamaican Composite index fell 712.40 points to 90,265.43 and the JSE combined index dropped 558.65 points to close at 83,731.11.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 7 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower, an indication of fluidity in price movements for a while.
Gains| Stocks gaining at the last traded prices in the main market are, Grace Kennedy closing with 5,694 shares rising 20 cents to $61, Jamaica Broilers finishing trading with 38,636 shares, while gaining 2 cents to $4.02. Mayberry Investments in trading 85,000 shares, closed with a gain of 1 cent at $2.37, Sagicor Group had dealing in 2,062,222 shares and rose 8 cents to $10.50 and Scotia Group contributed 271,347 shares while gaining 2 cents to $20.82.
Firm| The stocks in the main market to close without a change in the last traded prices are, Desnoes & Geddes contributing 2,500 shares to trading to close at $5.50. Jamaica Money Market Brokers closed with 2,597 ordinary shares changing hands, at $7.10, Kingston Wharves saw trading in 8,301 shares, to close at $6.40 and Supreme Ventures closed with 1,550 shares at $2.30.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Barita Investments finishing with 1,500 units, closed lower by 5 cents at $2.20. Cable & Wireless closing with 25,000 units as the price slipped 2 cents to 51 cents, Caribbean Cement finishing trading with 19,723 units, closing lower by 5 cents to $2.25. Carreras stock price was hit by the added tax announced by the government of Jamaica and in trading with 207,543 units slipped $3 to $40, but it traded as low as $38.01 before the close. Gleaner in trading 10,000 shares ended lower by 20 cents to 90 cents, Hardware & Lumber finishing trading in 900 shares, closed 35 cents lower to $7.05. Jamaica Producers had dealing in 1,381 units with a decline of 5 cents to $16.95, National Commercial Bank while exchanging 8,674 share, traded 50 cents down to $23.50 and Scotia Investments dealt in 10,000 shares with at $2 fall to $22.Preference| Jamaica Money Market Brokers 7.50% preference share, traded 250,000 units at $2 and Proven Investments 8% preference had 274,200 shares changing hands at 5 cents to 5.05.
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 near 20 months’ high
Thursday’s activity on the Jamaica Stock Exchange, ended with big gains in the main market indices, as heavily weighted National Commercial Bank traded as high as $24, Desnoes & Geddes end at $5.50, Kingston Wharves closed up at $6.50 and Sagicor Group gained 10 cents. At the end, the prices of 8 stocks rose 5 declined as 21 securities changed hands, with 3,414,320 units trading, valued at $11,037,316, in all market segments.
Main Market| The JSE Market Index gained 922.34 points to 81,141.21, the JSE All Jamaican Composite index rose 1,031.22 points to close at 89,437.94, the highest since July 15, 2013 and the JSE combined index gained 841.81 points to close at 82,939.38.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 5 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower.
Scotia Investments put on $2.05 on Thursday.
Firm| The stocks in the main market to close without a change in the last traded prices are, Gleaner ending with 2,007,266 units trading at 85 cents. Grace Kennedy finishing with 1,000 shares at $60.51, followed by 138 Student Living, closing with only 2,500 units at $4.40, Radio Jamaica ending with 1,200 shares changing hands to close at $1.35 and Scotia Group finishing with 20,450 shares trading at $21.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Berger Paints concluding trading with 49,151 shares changing hands, to close down by 2 cents at $1.55. Caribbean Cement closing with 20,172 units trading as the price slipped 25 cents to $2.60, Carreras ending trading with 17,074 shares trading lower by 45 cents to $44.05, National Commercial Bank in having 40,112 shares changing hands, closed 15 cents lower at $22 after trading at a new intraday 52 weeks’ high of $24.
JMMB crosses 5M of its shares
JMMB big in house share exchange on Tuesday
At the end of trading on the Jamaica Stock Exchange, the prices of 9 stocks rose, 5 declined as 27 securities changed hands, ending in 7,105,912 units trading, valued at $40,386,959, in all market segments.
Main Market| The JSE Market Index lost only 0.09 points to 79,880.66, the JSE All Jamaican Composite index declined by a mere 0.18 points to close at 88,028.58 and the JSE combined index gained 0.69 points to close at 81,799.97.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 7 stocks with bids higher than their last selling prices and 3 with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of the close in the main market are, Caribbean Cement finishing with 20,000 shares while gaining 24 cents to $2.85, Gleaner closing with 100 shares to gain 2 cents at 85 cents. Jamaica Money Market Brokers with 5,146,081 ordinary shares, gained 7 cents to $7, Kingston Wharves traded 850 shares with the price jumping 20 cents to $5.75. National Commercial Bank traded only 7,853 shares to end with an increase of 2 cents to a new 52 weeks’ closing high of $22.02 and Sagicor Group with 12,644 shares trading 6 cents higher to close at $10.31.Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless ending trading with 311,206 units at 48 cents, Grace Kennedy closed with 9,728 units to end at $60, Jamaica Broilers concluding trading with 30,300 shares at $4.02, Sagicor Real Estate Fund ended trading 215 shares at $6.70.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Scotia Group closed with 13,433 shares trading lower by 20 cents to $20.80 and Supreme Ventures in trading 100 units, the price slipped 3 cents to $1.82.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 15,800 units to end with an increase of 1 cent to $3.04 and Proven Investments 8% preference share traded 135,400 units changing hands to close at $5.
9 stocks rise 13 fall PanJam up $3.50
Pan Jamaican Head office
Main Market| The JSE Market Index gained 217.78 points to 77,277.68, the JSE All Jamaican Composite index rose 243.49 points to close at 85,118.34 and the JSE combined index gained 124.23 points to close at 79,056.86.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 10 stocks with 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, Caribbean Cement closing with 15,100 units to close with a gain of 2 cents to $2.37. Carreras closed with 37,672 units and put on 60 cents to $38.60, Desnoes & Geddes concluding trading with, 50,000 shares to end with an increase of 10 cents to $4.90, Jamaica Broilers closed with 10,482,208 units to close 1 cent higher at $4.01, Jamaica Producers ending with 52,385 shares as the price jumped at $1.30 to $17, Pan Jamaican Investment closed with 550 shares as the price climbed $3.50 to $55.50 and Sagicor Real Estate Fund concluding trading with 7,800 shares traded with a gain of 5 cents to $6.70.
Firm| The stocks in the main market to close without a change in the last traded prices are, Ciboney exchanging a mere 200 shares at 7 cents followed by Jamaica Money Market Brokers with 6,647 ordinary shares trading to end at $6.60 and Proven Investments closing with 59,440 shares trading at 21 US cents.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless closing with 909,774 units trading as the price slipped 2 cents to 48 cents.
Grace Kennedy had only 290 shares changing hands to close lower by 17 cents at $62.40, Hardware & Lumber ended with 35,500 units trading to close lower by $1.01 at $6.50, Mayberry Investments ended with 1,020 units trading, the price slipped 2 cents to $1.98, National Commercial Bank in trading 167,784 shares closed 10 cents lower to $19.90. Sagicor Group closed with 212,060 units, the price slipped 8 cents to $10.12, Scotia Group had 76,218 shares changing hands at 40 cents to $20.10, Scotia Investments closed with 4,040 units trading as the price slipped 4 cents to $22.51 and Seprod ending with 31,164 units trading at 40 cents to $12.10.Preference| Jamaica Money Market Brokers 7.50% preference share traded, ending with 79,152 units changing hands at $2.
Carreras climbs $2.29 pushes JSE
Carreras closed trading at $39.50 to end the day at a new 52 weeks’ high and Scotia Group after hitting $21.99 with 739,792 shares by mid-day, closed at $20.50 and were the main contributors to a strong increase in the main market indices on Friday. The gains were not adequate to stop the overall market from registering the third consecutive day of declining stocks out numbering advancing ones.
Activity on the overall Jamaican stock market, resulted in the prices of 6 stocks rising and 9 declining as 29 securities changed hands, ending in 5,019,576 units trading, valued at $36,430,375, in all market segments.
Main Market| The JSE Market Index gained 1,175.44 points to 77,828.04, the JSE All Jamaican Composite index rose 1,314.20 points to close at 85,733.67 and the JSE combined index gained 1,070.76 points to close at 79,654.74.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 10 stocks with bids higher than their last selling prices and 3 with offers that were lower.
Scotiabank shares helped to push the index in Fridays trading.
Firm| The stocks in the main market to close without a change in the last traded prices are, Berger Paints in trading 1,569 units ended at $1.55, Cable & Wireless closed with 31,881 shares changing hands at 50 cents. Ciboney ended with 10,000 shares trading at 7 cents, Desnoes & Geddes closed with 909,979 units trading to end at $4.80, Jamaica Broilers closed with 89,998 units traded at $4, Jamaica Stock Exchange finished with 10,000 units changing hands at $2. Kingston Wharves exchanged only 827 units at $5.60, Mayberry Investments traded at $2, in swapping ownership of 200,406 shares, Proven Investments traded 17,000 shares at 21 US cents, Radio Jamaica closed with 800 shares changing hands at $1.30 and Scotia Group ended up with 750,762 shares changing hands at $20.50.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Gleaner closing with 64,463 units trading as the price slipped 5 cents to 80 cents, for a new 52 weeks low, Grace Kennedy finished with 23,770 shares trading lower by 50 cents to $62.50, Kingston Properties closed with 29,925 shares changing hands to close lower by 50 cents at $7, National Commercial Bank closed with 50,453 units as the price slipped 19 cents to $19.31, Pan Jamaican Investment finished with 26,363 units trading, the price eased by 10 cents to $52, Radio Jamaica ended with 560 shares trading lower by 15 cents to $10.05 and Sagicor Group closed trading with 10,947 units as the price slipped 30 cents to $6.65.Preference| Eppley 10% preference share traded 34,500 units at $6 and Jamaica Money Market Brokers 7.50% preference share ended with 1,773,100 units trading at $2.
JPS share jumps $119
In Monday’s activity on the Jamaica Stock Exchange, the price of Jamaica Public Services 9.5% Preference shares jumped by $118.90 to end at $1,125 for a new all-time high as investors traded the stock for $236,250,000. Activity in the overall market resulted in the prices of 10 stocks rising and 3 declining as 26 securities changed hands, ending in 2,749,084 units trading, valued at $241,908,563, 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 10 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower.
Main Market| The JSE Market Index fell 205.19 points to 76,128.35, the JSE All Jamaican Composite index lost 229.40 points to close at 83,833.34 and the JSE combined index declined by 181.96 points to close at 78,141.73.
Gains| Stocks gaining at their last traded prices, at the end of trading in the main market are, Carreras ending with 500 units, the price rose 2 cents to $37.03. Jamaica Broilers ended with 70,537 units changing hands to close with a gain of 3 cents at $4.02, Jamaica Money Market Brokers finishing with 68,763 shares changing hands, to close with a gain of 5 cents, to $6.55. Jamaica Stock Exchange finished with 30,000 shares changing hands, 10 cents higher at $2, National Commercial Bank ended with 8,405 shares trading to gain 20 cents at $19. Sagicor Group finished trading with 27,006 units changing hands to close with a gain of 4 cents at $9.95 and Supreme Ventures finished trading with 4,000 shares with the price rising 3 cents to $1.80
Firm| The stocks in the main market to close without a change in the last traded price are, Cable & Wireless closing with 202,323 units trading at 48 cents. Caribbean Cement ended with 45,596 units trading at $2.50, Kingston Wharves closed with 4,747 shares at $6, Radio Jamaica closed with 4,400 units at $1.30, Scotia Group finished with 33,854 units trading at $20.10 and Scotia Investments ended with 9,002 shares trading at $23.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Grace Kennedy closing with 3,896 units trading as the price slipped $1 to $62, Mayberry Investments finished with 400,500 shares trading lower by 5 cents to $1.95 and Sagicor Real Estate Fund ended with 2,000 shares changing hands to close lower 15 cents lower at $7.05.
Preference| Jamaica Money Market Brokers 7.50% preference share had 309,000 shares changing hands at $2 and Jamaica Public Service Co 9.5% preference share ended with 210,000 units changing hands to close with a gain of $118.90 at $1,125, the move has reduced the yield to 8.44 percent fr0m 9.5 percent, the coupon rate.
More insider buying at Sagicor
Sagicor Group have been enjoying trades by insider on several occasions this year. The group recently advised that a director purchased 249,648 shares between November 27 & December 1, this year.
The last time before this that an insider traded in the company’s stock was in October, when the company advised that an executive Purchased 417,016 shares under the SGJ Executive Long Term Inventive Scheme on October 24, 2014.
The financial group saw a sharp fall in profit in the quarter, from $1.56 billion to $1.1 billion and net profit of $3.84 billion, with $3.79 billion available to stockholders, for the nine months to September, which was 2.5 percent better than in 2013. the decline in profit in the September quarter is due primarily to cost associated with the acquisition of RBC Royal Bank local operation at the end of June this year. With staff reduction, branch closures and amalgamations, the losses in the acquired banking operation should be sharply reduced from that in the September quarter.
