Scotia Group closed at $22.25 at a 52 weeks’ high and helped push the all Jamaica market index to the highest level since March 12 last year, when it then made a one day surge to 86,590.08. Proven Investments traded at a new record high when the market closed.
Activity on the Jamaica Stock Exchange, resulted in the prices of 6 stocks rising and 6 declining with a total 22 securities changing hands, ending in 2,577,659 units being active, valued at $25,438,501, 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 12 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.
Main Market| The main market indices gained pretty strongly on the second trading day of the new year. The JSE Market Index gained 1,104.24 points to 78,101.74, the JSE All Jamaican Composite index rose 1,234.59 points to close at 86,039.68 and the JSE combined index gained 1,039.80 points to close at 79,879.68.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Jamaica Broilers ended trading with 7,891 shares, the price gained 6 cents to $4.10, Jamaica Stock Exchange closed with 226,400 shares trading with a gain of 3 cents to $1.60, Mayberry Investments ended with only 2,260 shares changing hands, to close with a gain of 3 cents at $1.87. There are just 4 offers to sell the stock one at $2.29 for 25,000 units at $2.80 – 37,117 shares, at $3 only 1,900 shares and at $8.75 – 100,000 shares. There are 12 bids to buy the stocks ranging from a low of $1.35 to buy 128,642 shares to 200,000 at $1.87, below are small amounts for $1.85 and $1.84. Proven Investments ended trading with 23,740 shares changing hands to close 1.50 cents to 20.5 US cents and Scotia Group finished trading with 922,754 shares changing hands to close $1.75 higher at $22.25. Scotia Investment as broker bought 878,778 shares as they crossed the vast majority of what was sold.
Firm| The stocks in the main market, closing without a change in the last traded prices are, Carreras with 21,950 shares trading at $37, Grace Kennedy with 5,000 shares changing hands, to close at $61, Jamaica Money Market Brokers in trading 30730 shares at $7.10 and Salada Foods ending with 1,000 shares changing hands to close at $10.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless closing with 54,182 units trading, the price slipped 2 cents to 48 cents. Caribbean Cement finished with 24,825 shares trading 1 cent lower to $2.40, Desnoes & Geddes ended with 1,200 shares trading and losing 4 cents to $4.90, Pan Jamaican Investment shed $2.85 with 897 units changing hands at $56.15 and Sagicor Real Estate Fund with 3,313 units trading as the price slipped 8 cents $7.02.
Preference| Jamaica Money Market Brokers 7.50% preference shares traded 837372 units at $2 and Proven Investments 8% preference share finished trading with 100,000 units at $5.
Scotia Group pushed market sharply
Mayberry climbs 21% as JSE starts 2015 up
Mayberry stock price climbed 21% on first trading day of 2015.
The prices of 10 stocks rose and 5 declined as 22 securities changed hands, ending in a mere 610,207 units trading, valued at $3,977,611, 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 3 stocks with offers that were lower.
Main Market| The JSE Market Index gained 644.11 points to 76,997.50, the JSE All Jamaican Composite index rose 720.15 points to close at 84,805.09 and the JSE combined index gained 616.43 points to close at 78,839.88. On the first trading day last year, the all Jamaican Index rose 560.09 with a small volume, valued at $3.6 million but traded below on the days after, until the third week of the month.
Salada gained 15% on Friday
Firm| The stocks in the main market to close without a change in the last traded prices are, Caribbean Cement that finished with 590 units trading at $2.41, Grace Kennedy with 11,118 shares trading at $61, Jamaica Money Market Brokers closed with 600 shares trading at $7.10 and Pan Jamaican Investment ended with only 500 shares at $59.Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Desnoes & Geddes finished with 4,965 shares trading lower by 1 cent to $4.94, Sagicor Group ended trading with 54,388 shares changing hands to close lower by 25 cents to $10 and Sagicor Real Estate Fund closed with 19,224 units as the price slipped 1 cent to $7.10.
Preference| Proven Investments 8% preference shares traded 119,700 units ended trading at $5.10.
JSE at 7 months high with year-end rally
The JSE all Jamaica Index continues to move away from the resistance level at the yellow line as the market keeps on moving up from its 2014 low.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 4 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower.
Main Market| The JSE Market Index gained 694.35 points to 76,449.94, the JSE All Jamaican Composite index rose 776.31 points to close at 84,192.88 and is at its highest level since April 28, this year when it closed at 84,734.87 points and the JSE combined index gained 705.54 points to close at 78,320.27.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless ending with 294,400 shares changing hands to close 4 cents higher, at 50 cents. Carreras completed trading with 13,964 shares changing hands to close with a 20 cents increase to $37, Grace Kennedy ended with 10,402 units and put on 1 cent to close at $62. Jamaica Money Market Brokers ended trading with 8,531 shares changing hands to close at 55 cents $7.10, Jamaica Producers ended with 12,898 shares with the price rising 1 cent to $17.51, National Commercial Bank had 1,337,635 shares changing hands to close with a gain of 49 cents to $18.50. Sagicor Group finished trading with 12,500 units changing hands to close 20 cents higher at $10.20, Sagicor Real Estate Fund concluded trading with 10,000 shares to gain 28 cents at $7.28, for a new 52 weeks’ high, Scotia Group ended with 8,300 shares changing hands to close 10 cents higher at $20.10 and its subsidiary Scotia Investments traded 20,040 shares with the price rising 40 cents to $23.40.
Firm| The stocks in the main market to close without a change in the last traded prices are, Caribbean Cement finished with 7,310 units trading at $2.40. Proven Investments ended trading with 3,320 shares at 19 US cents, Salada Foods closed with 5,000 shares trading at $8 and Supreme Ventures finished with 30,000 shares changing hands to close at $1.92.Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Desnoes & Geddes closed with 11,185 units trading as the price slipped 10 cents to $4.80, Jamaica Broilers finished with 1,501,082 shares trading and ended 4 cents lower to $4.01
Preference| There was no trading in the preference sector.
Kingston Properties up 88% in December
The year-end rally, continued on the Jamaica Stock Exchange on Thursday, as Kingston Properties hits a new high having gained 87.5 percent for the December. Trading in the overall market resulted in the prices of 10 stocks rising and only 3 declining as 25 securities changed hands, ending in 3,028,876 units trading, valued at $10,239,236, 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 showed 10 stocks with bids higher than their last selling prices and only 1 stock with the offer lower a clear sign of rising prices ahead.
Main Market| The JSE Market Index gained 196.62 points to 75,757.06, the JSE All Jamaican Composite index rose 219.83 points to close at 83,418.22 and the JSE combined index climbed 261.34 points to close at 77,656.27.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless with 1,710,367 shares changing hands, to close 3 cents higher, at 50 cents. Carreras ended with 3,452 shares and gained 30 cents to $36.50, Grace Kennedy closed trading with 1,700 shares changing hands with a 50 cents rise, to $61. Hardware & Lumber traded 3,000 shares with the price rising 49 cents to $8. Kingston Properties closed at a new all-time high of$7.50, with a 60 cents rise with 403,000 units trading. National Commercial Bank finished with only 100 shares changing hands to close 1 cent up to $18.51, Salada Foods concluded trading with 268,045 shares, 19 cents higher at $8 and Seprod ended trading with 8,600 shares changing hands to close with a 25 cents gain at $12.50.
Firm| The stocks in the main market to close without a change in the last traded prices are, Gleaner trading just 879 units to close at 95 cents. Jamaica Broilers ended trading with 39,136 units at $4.10, Jamaica Money Market Brokers closed with 1,640 ordinary shares and finished trading at $7, Jamaica Producers ended with 6,100 shares trading, at $17.50, Mayberry Investments ended with 12,883 shares changing hands at $1.52 and Proven Investments closed with 12,385 shares at 19 US cents.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Sagicor Group with 80,500 shares trading lost 3 cents to end at $9.97 and 92,753 Scotia Group shares changed hands 1 cent lower at $20.
Preference| Jamaica Money Market Brokers 7.50% preference share finished with 903 shares trading at $2 and Proven Investments 8% preference share finished with 150 units to close trading at $5.50.
Strong price gains ahead on JSE
Activity on the Jamaica Stock Exchange was low, resulting in the prices of 5 stocks rising and 7 declining as 18 securities changed hands, ending in 3,633,602 units trading, valued at $6,595,479, 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 was reflecting a very strong signal, showing 13 stocks with bids higher than their last selling prices and only 1 stock with the offer lower.
Main Market| The JSE Market Index lost 552.75 points to 75,560.44, the JSE All Jamaican Composite index fell 618.05 points to close at 83,198.39 and the JSE combined index declined by 406.69 points to close at 77,394.93.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Caribbean Cement ended trading with 1,650 shares 10 cents higher to $2.50, Kingston Properties reached a new 52 weeks’ high in trading 8,300 shares to close 92 cents up at $6.90, at the close there was a bid to buy 191,700 units at $6.90 and an order to purchase 914,000 units at $6. Mayberry Investments ended trading with 187,117 units 7 cent higher to $1.52.
Firm| The stocks in the main market to close without a change in the last traded prices are, Jamaica Money Market Brokers ending trading with 3,002 ordinary shares at $7. Jamaica Producers closed trading with 5,718 shares at $17.50, Kingston Wharves finished with 65,667 units at $6 and Pan Jamaican Investment ended trading with 34,067 shares changing hands at $60.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless closing with 2,927,292 units trading with the price slipping 3 cents, to 47 cents. Carreras finished with 4,936 shares trading lower by $1.05 at $36.20. Grace Kennedy ended trading with 3,098 shares changing hands to close down $2.50, at $60.50, Sagicor Group closed with 9,000 shares, 9 cents lower at $10, Salada Foods had 131,000 units trading, with the price slipping 19 cents to $7.81 and Scotia Group traded 26,480 shares and the price closed lower by 49 cents to $20.01.
Rising prices hold sway on JSE
Activity on the Jamaica Stock Exchange, continues with a bullish bias and ended in the prices of 10 stocks rising and only 2 declining as 17 securities changed hands, ending in 4,801,191 units trading, valued at $30,772,622, in all market segments. The IC Bid offer indicator is pointing to continuation of rising prices having the upper hand, over declining ones.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 10 stocks with bids higher than their last selling prices and just 2 stocks with offers that were lower. This is a positive indicator for the market pointing to rising prices ahead.
Main Market| The JSE Market Index gained 190.04 points to 76,113.19, the JSE All Jamaican Composite index rose 212.50 points to close at 83,816.44 and the JSE combined index gained 192.73 points to close at 77,801.62.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Berger Paints finished trading with 46,668 shares with the price rising 9 cents to $1.60, Carreras ended with 195,379 shares, the price jumped $1.10 to $37.25 but at the close there was an offer to sell at $36.20, Hardware & Lumber ended trading with 2,666 shares changing hands to close 4 cents higher at $7.51. Jamaica Broilers completed trading with 2,325,782 shares with the price rising 4 cents to $4.10, National Commercial Bank contributed 420,000 units to trading and put on 10 cents to $18.50, Sagicor Group ended trading with 151,205 shares with an increase of 13 cents to $10.09 and Salada Foods finished trading with 19,200 shares as the price jumped 20 cents to $8.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless finished with 156,869 shares trading at 50 cents, importantly, today’s trade exposes the offer at 55 cents with 95,000 units being offered and just above that, is 97,000 units at 58 cents. The highest bid is now at 48 cents for 1.8 million units. Caribbean Cement ended trading with 27,711 shares changing hands to close at $2.40, Proven Investments ended with 19,520 shares trading at 19 US cents and Scotia Group closed with 104,305 shares changing hands at $20.50.
Declines| The Gleaner Company was the only main stock to end with a loss as there was trading in 59,570 but ended losing 4 cents to close at a 52 weeks’ low of 95 cents.
12 stocks fall only 6 rise on JSE
Pan Jam reached a new high on Tuesday, closing at $56.10.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.
Main Market| The JSE Market Index dipped 480.86 points to 75,043.48, the JSE All Jamaican Composite index fell 537.67 points to close at 82,620.35 and the JSE combined index gained declined by 477.17 points to close at 76,799.79.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Hardware & Lumber closing with 31,000 shares and rising 97 cents to $7.47. Jamaica Broilers concluded trading with 122,964 shares changing hands, with a gain of 5 cents to $4.05, Pan Jamaican closed at a new 52 weeks’ high of $56.10 while 519 shares changed hands, $1.10 higher. Sagicor Group concluded trading with 34,742 units and put on 1 cent to $9.96 and Salada Foods ended with 20,000 units, to close with a gain of 30 cents to $7.80.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless ending trading with 21,759 shares at 45 cents, Jamaica Money Market Brokers ended with 7,885 ordinary shares changing hands to close at $7, Jamaica Producers closed with 1,321 shares changing hands at $15.96. Mayberry Investments saw trading in 98,300 shares for $1.52, National Commercial Bank ended with only 580 shares changing hands to close at $18.20 and Proven Investments completed trading with 70,000 shares changing hands at 18.5 US cents.Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Caribbean Cement ended with 42,116 units as the price slipped 4 cents to $2.40, Desnoes & Geddes closed with 2,560 shares trading lower by 5 cents to $4.65, Grace Kennedy finished with 1,225 shares with a loss of $2 to $60, Radio Jamaica ended with 558,009 units and closed 3 cents down to $1.15, Scotia Group ended trading with 72,402 units as the price slipped 30 cents to $20.10 and Scotia Investments completed trading with 184,817 shares trading lower by $1.40 to $21.10.
Preference| There was no trading of preference shares.
Trading sinks to only $7M on JSE
In a very moderate trading Wednesday on the Jamaica Stock Exchange, the prices of 5 stocks rose and 8 declined as 23 securities changed hands, ending in only 1,348,967 units trading, valued at $6,683,127, 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 had 6 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
Main Market| The JSE Market Index shed 384.01 points to 74,163.04, the JSE All Jamaican Composite index fell 429.38 points to close at 81,635.89 and the JSE combined index declined by 414.46 points to close at 76,079.90.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Carreras concluded trading with 30,485 shares while gaining 50 cents to $37, Grace Kennedy finished trading with 9,710 shares rising 40 cents to $60.40, Proven Investments concluded trading with 26,880 units and put on 0.69 cent to 17.99 us cents and Seprod ended trading with 80,000 shares with an increase of 20 cents to $12.
Firm| The stocks in the main market to close without a change in their last traded prices are, Caribbean Cement ending with 193,500 shares trading at $2.40, followed by Ciboney in exchanging 2,000 shares, to close at 7 cents, Jamaica Money Market Brokers ended trading with 2,120 ordinary shares at $7. Kingston Wharves ended trading with 130,544 shares at $6, Radio Jamaica finished trading with 12,696 shares at $1.18, Sagicor Real Estate Fund had 30,000 shares changing hands at $6.85 and Scotia Group ended with 13,040 units to close $19.55.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless that closed with 79,383 shares trading 1 cent lower, at 43 cents, Desnoes & Geddes with 28,292 shares, at a loss of 1 cent to $4.82, Jamaica Broilers finished trading with 43,836 units, fell 9 cents to $4.01. Mayberry Investments exchanged 65,000 shares to close 2 cents lower at $1.48, National Commercial Bank concluded trading with 16,878 shares changing hands to close at 76 cents down at $18.09 and Salada Foods ended with 10,000 shares changing hands to close at 35 cents lower at $7.50.
Preference| Jamaica Money Market Brokers 7.50% preference share traded contributed 98,000 units at $2.
October down, better in November
The Jamaica Stock Exchange, closed October with the prices of 5 stocks rising and 5 declining as 21 securities changed hands, ending in 1,856,647 units trading, valued at only $6,072,425, in all market segments. The market closed out the month slightly lower than it started at, measured by the market indices, but technical indicators as well as fundamentals, point to a better out turn for November.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator showed 13 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower. With Friday being the close of the month, the stronger closing bids are likely engineered by fund managers’ interest in boosting the value of stocks in their portfolios to boost the end of month performance and is worth watching in the coming days.
Main Market| The JSE Market Index lost 98.56 points to 71,706.29 and is down from the 72,238.36 points, September closed at. The JSE All Jamaican Composite index fell 110.21 points to close at 78,888.89 down on the close of September at 79,483.81 and the JSE combined index declined by 95.70 points to close at 73,559.56 compared to 74,034.71 at the end of September.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Ciboney with 100,000 shares trading, rose 1 cent to 8 cents, Desnoes & Geddes traded 36,000 shares, 15 cents higher at $4.95, Grace Kennedy had 21,330 shares changing hands 76 cents higher at $58, Jamaica Broilers exchanged 4,000 shares at $4.15 as the price closed with 5 cents gain and there was dealing in 2,100 Sagicor Group shares to close 1 cent higher to $9.66.
Firm| The stocks in the main market to close without a change in the last traded prices are, Carreras with 10,050 ordinary shares trading closed at $34.50, Gleaner had 80,708 units trading and closed at $1.05, Proven Investments with 3,650 shares at 18 US cents, Salada Foods with 1,000 shares closed at $7.85 and Supreme Ventures 40,800 shares traded to end at $1.70
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Jamaica Money Market Brokers had 7,596 ordinary shares changing hands 5 cents lower at $7, followed by National Commercial Bank with 6,000 units as 30 cents were shed to end at $17 and Scotia Group ended trading with 635 units, 15 cents cheaper at $19.60.
Preference| traded units at Jamaica Money Market Brokers 8.50% preference share traded 11,000 units at $3.43, Jamaica Money Market Brokers 8.75% preference share traded 981,568 units at $3 and Proven Investments 8% preference share traded 9,616 units at $5.
Sales up margin down at Lasco Distributors
Peter Chin – Lasco Distributors’ Managing Director
Operating cost jumped 15 percent in the quarter, to $377 million and just over 17 percent for the six months to $738 million, pushing profit down 19 percent to $112.5 million for the quarter, from $138.7 million in 2013 and down a much larger, 33 percent, to $203 million for the half year, versus $303 million in the 2013 period.
As disappointing as the second quarter numbers are, they represent a major improvement over the first quarter with a revenue increase of 4 percent, and a fall in profits of 45 percent compared to the 2013 June quarter.
Finances|The company has quite a bit of funds tied up in inventories $1.3 billion and receivables $1.7 billion, that are in excess of normal trading levels, cash funds on the other hand is up to $850 million and will be handy in helping to finance the 110,000 square foot warehousing facility, that they will be embarking on shortly, to meet what management says, is increasing demand flowing from new products to be distributed by the company.
The expected payment from their successful law suit against Pfizer is not yet booked and the amount not yet made public but should exceed $1 billion.
Lasco Manufacturing new “I Cool” drinks
