Scotia Group — Page 263

JSE pushes higher on Tuesday

August 4, 2015 by IC Insider.com

Jamaica Broilers jumped sharply on Tuesday to end at $6.50

The Jamaica Stock Market closed on Tuesday with strong movement in the indices, as 13 stocks rise, 6 fell and 28 securities changed hands, with 9,621,142 units trading, valued at $29,054,581, in all market segments, 2 stocks closing at new 52 weeks’ high. Sagicor Real Estate Fund traded as a new intraday high of $9.10 but closed lower. At the close, the JSE Market Index gained 861.33 points to 99,439.71, the JSE All Jamaican Composite index rose 962.74 points to close at 110,085.82 and the JSE combined index added 1,043.92 points to end at 102,840.88.

IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator showed a reading of 7 stocks with bids higher than their last selling prices and 4 with offers that were lower.
In trading, Cable and Wireless ended with 3,100,287 units changing hands and lost 3 cents to 39 cents, Caribbean Cement traded 10,250 shares to close at $7.10 after shedding 35 cents, Carreras gained $1 with 6,385 units trading to close at $52, Gleaner traded at $1.30, up 5 cents after 20,000 shares changed hands. Grace Kennedy traded only 1,830 shares at $65, Jamaica Broilers had 18,800 shares changing hands, in closing at $6.50, to record a new 52 weeks’ high. The Jamaica Stock Exchange stock traded 200,445 units at $7, Mayberry Investments had another large trade amounting to 3,982,668 shares trading between $2.75

and $3. National Commercial Bank had 75,894 shares trading and closed with a 25 cents gain to end at $30, Sagicor Group ended trading with 169,015 units at $13, Sagicor Real Estate Fund closed at $8 while trading 584,560 units and traded as high as $9.10 for a new intraday high. The fund had reported before trading, profit of 8 cents per share in the June quarter, down from 11 cents in the June 2014 quarter and 46 cents per share to June, this year versus 27 cents for the six months to June last year. Scotia Group ended with 6,348 units trading at $23.99, for 1 cent fall and Proven Investments traded 15,625 ordinary shares at 19 US cents.

Filed Under: JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Desnoes and Geddes’, Gleaner, Grace Kennedy, Jamaica Broilers, Mayberry Investments, National Commercial Bank, Proven Investments, Sagicor Group, Scotia Group

NCB may give push to JSE soon

August 3, 2015 by IC Insider.com

Supply is drying up for NCB

The Jamaica Stock Market closed on Monday with 12 stocks rising, 7 declining as 26 securities changed hands with 4,213,264 units trading, valued at $26,843,221, in all market segments with 2 stocks closing at new 52 weeks’ high, but lurking in the shadows are activities in National Commercial Bank that could give a big push to the JSE indices. Selling in the stocks has shrunken with a few days of fairly heavy trading in the last week of July. Currently, there are 11 offers with 140,000 units exposed in the market for sale in total, above $30.40.
At the close, the JSE Market Index lost 129.98 points to 98,203.59,

the JSE All Jamaican Composite index fell 145.29 points to close at 108,705.88 and the JSE combined index added 66.62 points to end at 100,705.88.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator showed a reading of 9 stocks with bids higher than their last selling prices and 6 with offers that were lower.
In trading, Cable and Wireless ended with 42,253 units changing hands and lost a cent to 42 cents, Caribbean Cement traded 44,225 shares to close at $7.10 after shedding 35 cents, Carreras gained 25 cents with 6,715 units trading to close at $51, Gleaner traded at $1.25, down 5 cents after 15,300 shares changed hands. Grace traded 94,211 shares with a

gain of $1 at $65, Jamaica Broilers had 22,400 shares changing hands, in closing at $5.70, Mayberry Investments had another large trade amounting to 2.900,000 shares trading at $3. National Commercial Bank had just 10,286 shares trading, while losing 25 cents to end at $29.75, Pan Jamaican Investment closed at $61.05 after trading 114,309 shares, to gain 55 cents, Radio Jamaica had 25,830 units changing hands while gaining 2 cents to close at $3.02, Sagicor Group ended trading with 10,325 units at $12.99, Sagicor Real Estate Fund closed at $8 while trading 25,000 units, Scotia Group ended with 13,561 units trading unchanged at $24,for 34 cents rise and Scotia Investments traded 56,092 shares to rise 20 cents to $27.

Big Jump in rising stocks on Friday

July 31, 2015 by IC Insider.com

The Jamaica Stock Market closed on Friday with 15 stocks rising, 5 declining as 26 securities changed hands with 2,738,510 units trading, valued at $22,665,691, in all market segments.
At the close, the JSE Market Index gained 267.15 points to 98,470.74, the JSE All Jamaican Composite index rose 298.61 points to close at 109,002.77 and the JSE combined index added 674.11 points to end at 101,379.99.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator showed a reading of 10 stocks with bids higher than their last selling prices and 6 with offers that were lower.
In trading, Cable and Wireless ended with 266,138 units changing hands at 43 cents, Caribbean Cement traded 75,396 shares to close at $7.45, Gleaner traded at $1.15 and gained 15 cents after 32,960 shares changed hands, Grace traded 7,830 shares unchanged at $64, Jamaica Broilers had 33,982 shares changing hands and 10 cents in closing at $5.70, National Commercial Bank had 456,187 shares trading while gaining 20 cents to end at $30. Sagicor Group ended trading with 22,661 units at $13, Scotia Group ended with 64,798 units trading with a loss of 41 cents at $23.66, Supreme Ventures with 102,651 shares traded at $3.30 for a decline of 25 cents and Jamaica Money Market Brokers 7.50% preference share closed with 166,600 shares trading at $6.02.

Filed Under: JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Ciboney, Desnoes and Geddes’, Gleaner, Grace Kennedy, Jamaica Broilers, JMMB Group, National Commercial Bank, Sagicor Group, Scotia Group, Supreme Ventures

12 stocks rose on JSE on Wednesday

July 29, 2015 by IC Insider.com

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Trading on the Jamaica Stock Market closed on Wednesday with 12 stocks rising, 8 declining as 29 securities changed hands with 6,830,260 units trading, valued at $85,544,632, in all market segments.
At the close, the JSE Market Index gained 122.39 points to 98,333.57, the JSE All Jamaican Composite index increased 136.80 points to close at 108,849.45 and the JSE combined index added 361.61 points to end at 100,639.26.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator showed a reading of 6 stocks with bids higher than their last selling prices and 2 with offers that were lower.
In trading, Cable and Wireless ended with 50,000 units changing hands at 41 cents, Caribbean Cement lost 75 cents to close at $7.45 with 13,880 shares trading, Carreras gained just 1 cent with 41,680 units trading to close at $50.26, Desnoes & Geddes traded 87,739 shares with a 20 cents fall to $6.80. Gleaner traded unchanged at $1.30 with 123,656 shares changing hands, Grace Kennedy traded just 1,100 shares to gain 99 cents to $64, Jamaica Broilers had 1,424,572 shares changing hands at $5.67 for a 5 cents gain, Jamaica Producers gained 30 cents to close at $18.80 with 10,000 units changing hands. JMMB Group traded 835,324 units to end unchanged at $7.50, Mayberry Investments traded at $2.75 with a fall of 25 cents, with 520,277 units, National Commercial Bank had only 12,940 shares trading, but gained 5 cents to $29.55. Pan Jamaican Investments closed at $61 after adding 95 cents to the price, with 581,167 shares, changing hands valued $36 million, Proven Investments had 81,763 shares trading at 20 US cents, Sagicor Group ended trading with 908,500 units at $13. Scotia Group traded 532,374 units to end 3 cents lower at $24.07, traded 20,812 units, 20 cents higher at $26.80, Seprod traded 15,045 shares lost 10 cents lower at $14.90 and Supreme Ventures with 26,000 shares traded at $3.60 for a rise of 25 cents.

Filed Under: JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Desnoes and Geddes’, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica Producers, JMMB Group, National Commercial Bank, Proven Investments, Sagicor Group, Scotia Group, Scotia Investments, Supreme Ventures

Sharp JSE drop but 4 new highs

July 3, 2015 by IC Insider.com

Scotia pushes market down on Friday

Prices on the Jamaica Stock Exchange continued to reflect an almost even number of up and down movements in prices as the main market hoovers around support level which it has been at for a large part of June. A fall in the price of Scotia Group contributed to a sharp decline in the main market on Friday but the market closed looking stronger than at the ended on Thursday.
Trading concluded with 8 stocks rising, 8 declining as 22 securities changed hands, ended in 3,083,351 units trading, valued at $32,242,560 and 4 stocks closed at 52 weeks’ high in all market segments. Overall activity resulted in JSE Market Index declining 976.49 points to 98,050.05. The JSE All Jamaican Composite index lost 1,091.46 points to close at 108,532.55 and the JSE combined index fell 1,118.74 points to end at 100,321.85.

IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator was showing improved reading over Thursday’s close, with 12 stocks with bids higher than their last selling prices and 6 with offers that were lower, in contrast 13 to 13 at the close on Thursday.
in trading, Cable & Wireless had 424,500 units changing hands at 46 cents but closed with an offer to sell 500,000 units at 45 cents, Caribbean Cement had 96,288 units trading at $5.60 after adding 10 cents,Gleaner traded at a new 52 weeks’ high of $1.53 for a 3 cents gain, after trading 10,000 shares, with the stock rising 53 percent since mid-June. Jamaica Broilers had 48,938 shares changing hands at $5.75, National Commercial Bank in

trading 2,970 shares, closed with a fall of 80 cents at $29.10, Pulse Investments closed at a new 52 weeks’ high of 80 cents with 63,000 shares trading, to gain 10 cents. Sagicor Group ended with 682,573 shares trading, at a new closing 52 weeks’ high of $13.50, Scotia Group traded at $23.21, a fall $1.44 from Thursday’s close, with 812,616 shares and Supreme Ventures closed at $4 a new 52 weeks’ closing high, with 96,275 shares trading and Jamaica Money Market Brokers 8.75% preference share traded 798,388 units, but lost 1 cent to end at $2.99.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Daily Trading, Gleaner, Jamaica Broilers, Jamaica Money Market Brokers, National Commercial Bank, Pan Jamaican Investment, Pulse Investments, Sagicor Group, Scotia Group, Supreme Ventures

JSE continues up

July 2, 2015 by IC Insider.com

Scotia Climb keeps indices rising

Prices on the Jamaica Stock Exchange continued in a positive mode on the second day of July, albeit not as strong as on the first, but it ended on a high, with Scotia Group climbing for the second day, after it posted gains of $1.25 on Wednesday. The movement in the banking group stock price, was again the main contributor to the rise of the main indices on Thursday.
The market closed with a large number of stocks showing softness suggesting that there could be large number of declines evens as advances may pick up from today’s levels.
Trading ended with 9 stocks rising, 5 declining as 23 securities changed hands and ending in 1,876,486 units trading, valued at $10,673,692 and 1 stock closed at 52 weeks’ high in all market segments.
The JSE Market Index declined 284.62 points to 99,026.54 the JSE All Jamaican Composite index gained 318.14 points to close at 109,624.01 but the JSE combined index rose 223.92 points to end at 101,440.59 thanks to gains in the junior market offsetting declines in the main market.

IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator was showing a poor reading of only 13 stocks with bids higher than their last selling prices and 13 with offers that were lower, in contrast 6 to 7 at the close on Wednesday.
In trading, Cable & Wireless had 539,627 units changing hands to close at 46 cents. Caribbean Cement had 117,440 units trading at $5.50 after shedding another 20 cents on top of 30 cents on Wednesday. Desnoes and Geddes traded 7,086 shares at $7.39 to end down 15 cents, Gleaner ended with 30452 shares changing hands, to gain 2 cents, for a 52 weeks’ high of $1.50. Jamaica Broilers gained 30 cents to reach $5.75 while only 2,000 shares changed hands, the stock closed with an off at $5.65,

Jamaica Stock Exchange traded just 2,000 shares and shed 35 cents in closing at $5.75, at the close the bid was at $6.15. National Commercial Bank in trading 26,067 shares, to close higher by 86 cents at $29.90, Pan Jamaican rose 50 cents to $62 with 22,779 shares trading, the stock was mostly down on the day at $61.10. Sagicor Group with 20,883 units trading, ended unchanged at $13.01, Sagicor Real Estate Fund traded 80,000 units with a decline of 38 cents to $7.62 and Scotia Group that traded 106,740 shares to close at $24.94 to gain 43 cents but closed with the offer at $24.50. Jamaica Money Market Brokers 8.75% preference share traded 649,316 to gain 2 cents at $3.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Desnoes and Geddes’, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Stock Exchange, National Commercial Bank, Pan Jamaican Investment, Sagicor Group, Sagicor Real Estate Fund, Scotia Group

JSE off to big July start

July 1, 2015 by IC Insider.com

Scotia rose to $24.50 during trading to help push market on Wednesday

Activity on the Jamaica Stock Exchange ended commenced the start of July with strong showing as Scotia Group climbed $1.25 to help push the main indices strongly upwards and pushing one time in trading the All Jamaica Composite index over 2,000 points.
Trading ended with 12 stocks rising, 7 declining as 29 securities changed hands and ending in 12,250,815 units trading, valued at $88,380,669 and 3 stocks closed at 52 weeks’ high in all market segments. The main market closed with 6 stocks advancing to 3 falling.
The JSE Market Index declined 1,470.77 points to 98,741.92 the JSE All Jamaican Composite index gained 1,643.93 points to close at 109,305.87 but

the JSE combined index rose 1,218.10 points to end at 101,216.67 thanks to gains in the junior market offsetting declines in the main market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator was showing a poor reading of only 6 stocks with bids higher than their last selling prices and 7 with offers that were lower, a deterioration over the ratio of 10 to 6 on Tuesday.
In trading, Cable & Wireless had 278,936 units changing hands to close 1 cent higher at 46 cents. Caribbean Cement had only 3,410 units trading at $5.70 after shedding 30 cents, Carreras lost 79 cents in trading just 27,687 shares to close at $48.21. Desnoes and Geddes traded at $7.55 with 42,504 shares, Gleaner ended with 13,000 shares changing hands to gain 8 cents, for a 52 weeks’ high of $1.48, Grace Kennedy gained 50 cents to reach $64 while 132,737 shares changed hands. Kingston Wharves traded just 1,000 shares and shed 55 cents in closing at $6.60,

National Commercial Bank in trading 25,835 shares, to close unchanged at $29.04, Pan Jamaican Investment had 21,147 shares changing hands at $61.50, Pulse Investments traded at a new 52 weeks’ high of 70 cents after adding 15 cents with 9,000 shares trading. Proven Investments ended with 366,320 ordinary shares trading at 21.2 US cents, up from US$21, Sagicor Group gained just 1 cent with 147,788 units trading, to end at $13.01 after trading as high as $14.50, a new 52 weeks’ high and Scotia Group that traded 10,505 shares to close at $24.50 after trading at $25 and as low as $23.25 to gain $1.25.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Daily Trading, Desnoes and Geddes’, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaican Stock, Kingston Wharves, National Commercial Bank, Pan Jamaican Investment, Proven Investments, Pulse Investments, Sagicor Group, Scotia Group, Trading Activity

Scotia Group tops trading on Thursday

June 25, 2015 by IC Insider.com

Scotia Group accounted for 79% of shares traded in main market

Activity on the Jamaica Stock Exchange ended with 8 stocks rising, 13 declining as 29 securities changed hands and ending in 2,085,568 units trading, valued at $38,307,831, in all market segments. The main market had more stocks declining than advancing at the close with 10 falling to 5 advancing. Trading volumes were mostly low with Scotia Group accounting for 1.4 million units or 79 percent of the 1.79 million shares trading in the main market.
The JSE Market Index lost 264.93 points to 97,050.42, the JSE All Jamaican Composite index declining by 296.12 points to close at 107,415.22 but the JSE combined index declined 377.15 points to end at 99,605.19.
IC bid-offer Indicator| At the end of trading,

in the main and junior markets, the Investor’s Choice bid-offer indicator was showing a better reading than Wednesday’s close of 9 to 8, with Thursday’s reading of 12 stocks with bids higher than their last selling prices and 5 with offers that were lower.
In trading, Caribbean Cement closed with 48,780 shares changing hands at $5.45 after slipping 5 cents, Carreras put on 2 cents while trading 26,534 shares at $48.37, Gleaner ended with 30,000 shares changing hands but lost 1 cent to close at $1.07, Grace Kennedy gained 45 cents with only 2,040 units changing hands at $63.95. Hardware and Lumber fell 50 cents to $17.50 with 1,500 shares changing hands, Jamaica Broilers lost 50 cents in trading 1,497 units to end at $5.50,

Jamaica Stock Exchange dropped 46 cents in trading 5,400 shares and ended at $6.35. At the close Stocks and Securities offered 982,465 units for sale at $6.80, Kingston Properties climbed $1 to $8 with 2,705 shares, National Commercial Bank rose 10 cents in trading 25,224 shares to close at $29.10, Sagicor Group fell 24 cents with 28,533 units trading to end at $12.61, Scotia Group had 1,419,099 units trading at $23.50, Scotia Investments fell by $2.35 to $27.50 with only 4,217 units. Jamaica Money Market Brokers 8.75% preference share traded 56,983 units at a loss of 1 cent at $2.98 and Proven Investments 8% preference share ended with 42,500 units trading unchanged at $5.

Filed Under: JSE Main Market, Stock Market Tagged With: Gleaner, Grace Kennedy, Hardware and Lumber, Jamaica Broilers, Jamaica Stock Exchange, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, National Commercial Bank, Proven Investments, Radio Jamaica, Sagicor Real Estate X Fund, SagicorGroup, Scotia Group, Scotia Investments, Stocks and Securities

12 up 12 down on JSE Wednesday

June 24, 2015 by IC Insider.com

Carreras fell $2.15 on Wednesday

Activity on the Jamaica Stock Exchange ended with 12 stocks rising, 12 declining as 31 securities changed hands, including 2 that closed at new 52 weeks’ high and ending in 5,819,926 units trading, valued at $47,899,964, in all market segments. The main market had more stocks declining than advancing at the close with 9 falling to 6 advancing.
The JSE Market Index lost 137.06 points to 97,315.35, the JSE All Jamaican Composite index declining by 153.20 points to close at 107,711.34 but the JSE combined index declined 273.13 points to end at 99,982.34.

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.
In trading, Caribbean Cement closed with 38,245 shares changing hands at $5.50, Carreras traded 12,000 shares but closed with a loss of $2.15 at $48.35, Desnoes & Geddes lost 45 cents in trading 21,600 shares to close at $7.55. Gleaner ended with 13,645 shares changing hands but gained 8 cents at the close to $1.08, Grace Kennedy had 26,700 units changing hands and fell 50 cents to $63.50, Jamaica Broilers remained firm in trading 94,000 units to end at $6.

Jamaica Stock Exchange in trading 17,135 shares ended with a gain of 1 cent at $6.81, at the close Stocks and Securities offered 982,865 units for sale at $6.80. Kingston Wharves traded 12,229 shares in closing at $7. The stock traded at a 52 weeks’ intraday high of $7.01, Mayberry Investments traded 123,703 shares to dip 7 cents at $2.53, National Commercial Bank declined by just 1 cents in trading 144,522 shares to close at $29, Proven Investments traded 117,000 shares to close at 21.5 US cents up from the closing price of 19.01 US cents on Tuesday. Sagicor Group fell 10 cents with 1,510,308 units trading to end at $12.85, Sagicor Real Estate Fund closed 1 cent down at $8 after 11,625 shares were exchanged and Scotia Group had 156,455 units trading 25 cents higher at $23.50.

Filed Under: JSE Main Market, Stock Market Tagged With: Caribbean Cement, Desnoes & Geddes, Gleaner, GraceKennedy, Jamaica Broilers, Jamaica Stock Exchange, Kingston Wharves, Mayberry Investments, National Commercial Bank, Proven Investments, Sagicor Real Estate X Fund, SagicorGroup, Scotia Group, Stocks and Securities

JSE poised to rise on Wednesday

June 23, 2015 by IC Insider.com

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.