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 poised to rise on Wednesday
June 23, 2015 by
138 Student Living big trades
June 10, 2015 by
138 Student Living ordinary share closed at a new low of $4
On a day the junior market reached a new all-time high with 7 stocks advancing and none losing, with 4 stocks closing at new highs, the main market slipped, with only 3 stocks advancing with all losses coming from this market. The markets closed with the prices of 10 stocks rising, 11 declining as 31 securities changed hands, ending in 28,982,879 units trading, valued at $131,346,625, and 7 new 52 weeks’ highs and 1 new low, in all market segments
TheJSE Market Index lost 310.43 points to 97,890.06, the JSE All Jamaican Composite index fell 346.98 points to close at and the 108,353.72 JSE combined index dropped 220.38 points to end at 100,762.69.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 8 with offers that were lower. The junior market that recorded all gains showed weakness at the end with 5 stocks closing with lower offers than the last sale and only 2 with bids that were higher.
Stocks trading include, Cable & Wireless with 645,332 shares changing hands with a loss of 1 cent to close at 44 cents. Desnoes & Geddes closing with 870,000 stock units trading at $8, Grace Kennedy had 10,000 shares changing hands at $63.90 to lose 1 cent, Hardware & Lumber closed with 7,147 shares trading to end with a gain of $1 at a new 52 weeks’ high of $19. Investors continue to react to Jamaica Stock Exchange big jump in profits and announcement of a 53 cents dividend as they snapped up the 50,000 stock units on sale and still wanted more with bids at $6.00 to $6.55 to buy 162,000 units. The stock gained 25 cents for the day and closed at $6. JMMB Group saw 179,100 shares trading, to close at $7.26, down 24 cents, 138 Student Living traded 12,202,200 stock units and lost 40 cents to end at $4.
Sagicor Group had 16,457 shares trading with a gain of 24 cents to end at a new 52 weeks’ high of $12.30, the stock closed with a bid of $13.20 to buy 1,000 shares, posted at 12:24 pm on Wednesday. Sagicor Real Estate Fund traded 63,800 stock units at $7.60, Scotia Group had 31,000 shares trading, to close with a 10 cents loss at $24.40, Scotia Investments fell $3.57 with 6,300 stock units trading, to end at $26.28. Seprod lost 50 cents with 6,888 shares trading, to close at $15.49, Proven Investments traded 229,035 stock units at 21 US cents, Jamaica Money Market Brokers 7.50% preference share trading 1,401,000 units at $2.03 while 138 Student Living preference share traded 12,000,000 units at $5 and Proven Investments 8% preference share traded 42,955 units at $5.
JSE breaks resistance & heading higher
April 28, 2015 by
Pan jam gained $3.95 in closing at $60 on Tuesday
Main Market| The JSE Market Index gained 1,387.58 points to 89,858.07, the JSE All Jamaican Composite index rose 1,551.38 points to close at 99,183.79 and the JSE combined index climbed by 1,275.93 points to close at 91,376.07. At the close the market had pierced the resistance just under 99,000 points on the all Jamaica composite Index and seems poised to test the next major level of 109,000 points.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 17 stocks with bids higher than their last selling prices and just 2 with offers that were lower.Cable & Wireless traded 1,365,296 shares at 52 cents, Caribbean Cement traded 9,060 units at $3, up by 30 cents, there was an attempt to trade at $3.30 but that trade was cancelled as it exceeded the level permitted at that time of the trade. The stock was responding to a big jump in the company’s first quarter results for 2015 with profit after tax of $248 million versus just $35 million the year before, these results suggest that full year earnings could rise to $1 per share, as such the stock has much more room to run. Jamaica Broilers ended with 39,344shares at $4.80,
Jamaica Producers gained 50 cents with 12,000 units changing hands at $17.50, the Jamaica Stock Exchange had 150,000 units changing hands at $2.90. National Commercial Bank traded 13,860 shares to close at $28, for a gain of 99 cents. At the close there was a bid for 10,000 units at $28.10 and 600,000 units at $28. Pan Jamaican Investment climbed $3.97 to $60 with 6,550 shares, Sagicor Real Estate X Fund had a large trade of 873,309 units at $6.55,Jamaica Money Market Brokers 8.75% preference share traded 246,146 units at $3.20 after gaining 13 cents. Scotia Group traded only 27,306 shares to close at $22.72 with a gain of 5 cents, Seprod traded only 353 units as the price jumped $2 to $18 and Supreme Ventures closed at a new 52 weeks’ high of $3.20 by gaining 10 cents with 49,476 shares trading.
JSE to repeat today’s gains on Thursday
April 22, 2015 by
Add your HTML code here...
NCB closed at a new 52 weeks’ high on of $26.50 on Wednesday
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.
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
to 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
April 22, 2015 by
Trading on the Jamaica Stock Exchange on Wednesday morning resulted in a few noticeable trades, 
as 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.
D&G at new high with $64m trade
April 13, 2015 by
D&G traded over 10m shares on Monday
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
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.
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.
Jamaican stocks up 3,000 points in 3 days
March 30, 2015 by
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.
Sagicor Expensive Real Estate Fund
January 25, 2015 by
Sagicor Real Estate X Fund has been selling significantly above its IPO price of $5 and has since risen by 40 percent to $7, making it one of the better performing stocks on the local stock market since listing.
One of the properties in the fund
Of import is the seasonality of the hotel operations—high income and profits in the period between December and April, July and August, and lousy in the other months, which are usually loss making months. Sagicor Real Estate X Fund had assets of $9 billion at the end of September and net book value of $6.09. The stock price is $7, for a near 20 percent premium, which is well over the market.
The fund with 1,495,336,750 shares issued, boasts a very high PE ratio of 12, which is far greater than the other stocks in the market, and without the growth prospects of the vast majority of them. In a market that values stocks based on earnings generating cash flow, the valuation placed on the fund is even higher than the PE suggests and may be as high as a PE of 30. But that is the value that would be placed on a company
growing profits at 30 percent per annum. Earnings growth will not be there to drive the stock price compared to many of the quality listed stocks. The stock is now being valued on hype not reality.
The Sagicor Real Estate X Fund has a number of hotels, but many hotels have been notorious for not being highly profitable. There is also a great level of seasonality in performance in the sector. Income from other local properties will be steady as
most are rented on a long term basis.
The company has strategically invested in the Sigma Real Estate Portfolio, which holds a mix of hotels, commercial, industrial and warehousing properties. At this time, the only investment for the Fund is the units in the Sigma Real Estate Portfolio.
The Fund is 67.7 percent owned by the Sagicor Pooled Pension Investment Funds, which are administered by Sagicor Life Jamaica and is listed on the Jamaica Stock Exchange.
