7 stocks up 9 down on JSE

September 30, 2015 by

Proven traded 1.24 million shares on Wednesday

Proven traded 1.24 million shares on Wednesday

The Jamaica Stock Exchange saw continued low trading activity on Wednesday. At the close, there were 7 stocks rising, 9 declining with 22 securities totalling 3,227,759 units, valued at $39,616,392 changing hands, in all market segments. Proven Investments closed with 1.24 million units with a value of US$244,000 changing hands, to be the market leading on the last trading day of September.
The main market indices suffered mild declines with the JSE Market Index losing 108.96 points to 96,324.59, JSE Sum -30- 9-15the JSE All Jamaican Composite index fell 121.77 points to 106,604.43 and the JSE combined index slipped 108.46 to end at 99,698.72 points.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 16 stocks with bids higher than their last selling prices and 4 with offers that were lower. The rise in the closing bids coincides with the close of the month as portfolios are priced at month end.
In trading, Berger Paints had 49,048 units changing hands at $2.30, Cable and Wireless lost 1 cent with 325,800 shares changing hands, to close at 50 cents. Grace Kennedy had 64,962 shares trading and gained 66 cents to end at $64.66,JSE fn qts 30-9-15 Jamaica Broilers traded at $5.80 with 36,585 shares changing ownership and dropping 20 cents. JMMB Group traded 16,250 units at $7.63 and lost 2 cents, Pan Jamaican traded 8,177 shares to close at $61.72, Sagicor Group with 145,626 shares trading, closed with a gain of 20 cents, to end at $13.20, Scotia Group lost 25 cents in ending at $23.75 while 4,400 shares traded. Supreme Ventures close at $3.60 with 210,487 units changing hands and Proven Investments ordinary share, had 1,239,499 units changing hands at 19.5 US cents, after shedding 0.25 cents.

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Weak start to the week for JSE

September 28, 2015 by

JSE sign shrtpngThe Jamaica Stock Exchange saw low trading activity on Monday, at the close there were 11 stocks rising and 11 declining with 30 securities totalling 1,250,833 units, valued at $8,226,223 changing hands, in all market segments. Trading in the main market was very light with only 446,610 shares trading.
The main market indices enjoyed a second day of increases with the JSE Market Index lost 150.92 points to 96,356.49, the JSE All Jamaican Composite index declined 168.66 points to 106,640.09 and the JSE combined index fell 112.62 to end at 99, 626.43.
IC bid-offer Indicator| At the end of trading, in the main and junior JSE Sum -28- 9-15markets, the Investor’s Choice bid-offer indicator had a reading of 14 stocks with bids higher than their last selling prices and 5 with offers that were lower. This indicator has increased in strength over the past week as the period for company results for the third quarter approaches. There remain some pockets of weakness as shown by the number of stocks that are offered below their last selling prices.
In trading, Cable and Wireless fell 2 cents with 6,000 shares changing hands, to close at 49 cents, Caribbean Cement had 215,450 shares trading with a 1 cent rise to $7.71, Carreras lost 40 cent in trading 11,250 shares and ended at $49.10, Hardware & Lumber traded just 797 shares to end at $11 for a fall of $2. Mayberry Investments had 13,500 units trading at $2.80,JSE fn qts 28-9-15 National Commercial Bank had 74,249 units changing hands and ended at $27.75, Pan Jamaican traded 2,337 shares to close with a loss of $1.29 at $61.71. Radio Jamaica traded at $3.08 with 18,847 shares changing hands. Sagicor Group with 14,503 shares closed 18 cents up, to $13. Scotia Group gained $1.18 in ending at $24.95 with 56,261 shares trading, Scotia Investments gained 47 cents to $25 with only 1,900 units, Sterling Investments ended with a loss of 40 cents to a 52 weeks’ low of $13 while trading 3,000 shares and Supreme Ventures lost 15 cents with 10,300 shares trading to end at $3.60.

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Rising JSE stocks outpace decliners Thursday

September 24, 2015 by

Cable & Wireless HQ - the stock traded 10.7m units on Thursday.

Cable & Wireless HQ – the stock traded 10.7m units on Thursday.

The Jamaica Stock Exchange saw low activity with only 24 securities trading, the volume increased sharply from recent trading days with Cable and Wireless trading almost 11 million shares and Ciboney with just over 4 million units than on Thursday. At the close there were 11 stocks rising to 4 declining. The market closed with 24 totalling 18,198,760 units, valued at $28,814,733 changing hands traded in all market segments.
The main market indices enjoyed a second day of increases with the JSE Market Index gained 89.23 points to 95,827.25, the JSE All Jamaican Composite index added 99.71 points to 106,048.63 and the JSE combined index rose 167.49 points to end at 99,045.89.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 16 stocks with bids higher than their last selling prices and 8 with offers that were lower. JSE Sum -24- 9-15
This is an indication that while there is buying interest above current prices for a large number of stocks, there are still a noticeable number of stocks that investors want to be out of, at lower prices, than the last selling price.
Stocks that particularly weak are Hardware and Lumber with a last sale of $13 now being offered at $11.50. Grace Kennedy reported earlier in the year that they were considering an offer for this subsidiary at a maximum price of $18.50 and that the deal should be closed by the end of July. To date there has been no further information on the buy out offer, even as the July deadline is long past. Sterling Investments with a last sale of $13.40, now have on offer at $13.15, 242,600 units and no bids to buy.
Trading in the main market ended with Berger Paints trading 20,000 shares at $2.28, Cable and Wireless slipped 1 cent with 10,774,000 shares changing hands, to close at 49 cents. At the close the stock had 1,122,637 units on the bid at 48 cents and 172,996 units on offer at 51 cents. Carreras traded 224,067 shares at $49.50 while gaining 50 cents, Ciboney Group with 4,365,250 shares at 9 cents, Desnoes & Geddes ended with 135,000 shares trading with a 35 cents gain to close at $6.50, Jamaica Broilers had 35,930 units trading at $6.09, JMMB Group traded at $7.63 with 10,984 shares changing ownership. JSE fn qts 24-9-15 Mayberry Investments had 160,100 shares trading at $2.80, National Commercial Bank had 81,100 units changing hands and ended at $27.76 while losing just 1 cent, Sagicor Group with 80,000 shares trading, closed 1 cent higher at $12.82, Scotia Group traded 52,000 shares to close with a rise of 2 cents to $23.77. Scotia Investments traded 10,110 shares in closing at $24.53 with a gain of 1 cent, Jamaica Money Market Brokers 7.50% preference share 313,046 units at $2 and Jamaica Money Market Brokers 8.75% preference share 1,841,065 units at $2.50 fo a rise of 1 cent.

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8 up 8 down on JSE on Wednesday

September 23, 2015 by

JSE buildingOn Wednesday the Jamaica Stock Exchange saw more activity than on Tuesday but the market still seems to be nervous with a high level of stocks riding and declining on the same day. At the close there were 8 stocks rising to 8 that declined.
The market closed with 26 securities changing hands totalling 4,027,018 units, valued at $45,899,661 traded in all market segments.
The JSE Market Index gained 148.80 points to 95,738.02, the JSE All Jamaican Composite index added 166.30 points to 105,948.92 and the JSE combined index rose 141.78 points to end at 98,878.40.
JSE Sum -23- 9-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 14 stocks with bids higher than their last selling prices and 4 with offers that were lower.
Trading in the main market ended with Cable and Wireless slipped 1 cent with 885,401 shares changing hands, to close at 49 cents. At the close the stock had 1,122,637 units on the bid at 48 cents and 300,000 on offer at 52 cents. Caribbean Cement traded 200,000 shares at $8 while gaining 30 cents, Desnoes & Geddes ended with 128,250 shares trading with a 5 cents gain to close at $6.15, JMMB Group traded at $7.63 with 10,345 shares changing ownership. JSE fn qts 23-9-15National Commercial Bank had 35,609 units changing hands and ended at $27.47 while losing just 1 cent, Pan Jamaican Investment traded 8,052 shares to close at $61.71. Sagicor Group with 175,880 shares trading, closed 19 cents lower at $12.81, Scotia Group traded 1,496,663 shares to close with a loss of 16 cents at $23.75, Scotia Investments traded 16,267 shares in closing at $24.52 with a gain of 2 cents. Supreme Ventures had 41,160 shares changing hands at $3.75, for a gain of 35 cents Jamaica Money Market Brokers 8.75% preference share traded 231,855 shares at a 52 weeks low of $2.49 after losing 16 cents and Proven Investments preference share traded 59,200 units at $5.

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JSE falls in early Wednesday trading

September 23, 2015 by

Activity fell back to moderate from a pick up on Tuesday on the Jamaica Stock Exchange on Wednesday morning with 15 securities trading compared with 25 securities changing hands on Tuesday after 90 minutes from the opening resulting in a volume of 1,068,132 units, with 3 stocks declining and 5 rising.
JSE Intra 23- 09-15Trading activity resulted in declines to the indices with the JSE Market Index falling 294.16 points to 95,295.06. The JSE All Jamaican Composite index down 328.74 points to 105,453.88 and the JSE combined index slipped 278.93 points to be at 98,457.69 and the junior market is down 0.13 points to 950.20.
The main trades are Cable & Wireless with 706,193 units at 52 cents, Scotia Group with 138,000 shares at $23.60, Supreme Ventures 41,160 units at $3.75 and Jamaica Money Market Brokers 8.75% preference share 100,000 units at $2.50.

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12 up 12 down on JSE on Tuesday

September 22, 2015 by

JSE-stks1 On Tuesday the Jamaica Stock Exchange saw more activity than on Monday but the market still seems to be nervous with a high level of stocks riding and declining. At the close there were 12 stocks rising to 12 that declined.
The market continues to trade with low volumes but the number of securities trading picked up to 33 from only 19 securities changing hands on Monday as 3,036,646 units, valued at a mere $11,130,858 traded in all market segments.
The JSE Market Index dipped 569.70 points to 95,589.22, the JSE All Jamaican Composite index slipped 636.67 points to 105,782.62 and the JSE combined index fell 543.24 points to end at 98,736.62.
JSE Sum -22- 9-15r IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 13 stocks with bids higher than their last selling prices and 3 with offers that were lower.
Trading in the main market ended with Cable and Wireless rising 2 cents with 295,388 shares changing hands, to close at 50 cents. At the close the stock had 2,003,038 units on the bid at 48 cents, Caribbean Cement traded 11,529 shares at $7.70, down by 10 cents, Desnoes & Geddes ended with 31,250 shares trading with a 90 cents loss at $6.10, Jamaica Broilers traded at $6.05 with 75,476 shares changing ownership and lost 15 cents. Jamaica Stock Exchange traded at $7,20, down by 25 cents with 29,500 shares, JMMB Group traded 22,320 units and lost 7 cents to end at $7.63, Kingston Wharves had 28,000 units trading to close JSE fn qts 22-9-15at $6.50, Mayberry Investments added 42,000 units at $2.80 after shedding 20 cents, National Commercial Bank had only 5,900 units changing hands, ended at $27.48 while gaining just 1 cent, Radio Jamaica traded 27,079 shares to close at $3.08, Sagicor Group with 97,907 shares trading, closed for40 cents higher at $13, Scotia Group traded 32,956 shares to close with a gain of 1 cent at $23.91, Supreme Ventures had 31,600 shares changing hands at $3.40, for a loss of 34 cents, Proven Investments ordinary share traded 93,750 units at 20.01 US cents, down by 1.99 cents and Jamaica Money Market Brokers 7.50% preference share traded 1,304,000 units at $2 after dropping 1 cent and Jamaica Money Market Brokers 8.75% preference share traded 110,000 shares at a 52 weeks low of $2.65 after losing 15 cents.

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Stocks react negatively to PM speech?

September 21, 2015 by

If Monday’s trading on the Jamaica Stock exchange is anything to go by investors seem far from impressed with the presentation delivered by the Jamaica’s Prime Minister at Sunday’s closing of her party’s annual conference as there were only two stocks rising to 13 that declined.
JSE Sum -21- 9-15The market saw low volumes on a day that enjoyed only moderate trading activity with 19 securities changing hands as 1,481,773 units, valued at a mere $7,074,688 traded in all market segments.
The JSE Market Index dipped 736.27 points to 96,158.92, the JSE All Jamaican Composite index slipped 822.83 points to 106,419.29 and the JSE combined index fell 757 points to end at 99,279.86.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 11 stocks with bids higher than their last selling prices and 3 with offers that were lower.
Trading in the main market was very low keyed with extremely low volumes with only one stock trading with volumes in six digits. Cable and Wireless fell 3 cent with 20,584 shares JSE fn qts 21-9-15changing hands, to close at 48 cents. At the close the stock had 2,167,369 units on the bid at 48 cents. Caribbean Cement traded 35,389 shares at $7.80 to gain 10 cents, National Commercial Bank with 29,091 units changing hands, ended at $27.47 while losing $2.52. Sagicor Group with 173,580 shares trading, closed for 5 cents higher at $12.60, Scotia Group traded 21,500 shares to close with a loss of 1 cent at $23.90, Supreme Ventures had 31,600 shares changing hands at $3.40, for a loss of 34 cents and Proven Investments ordinary share traded 25,000 units at 22 US cents.

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NCB saves JSE from decline on Friday

September 18, 2015 by

late rally in NCB stock price helped to recur JSE from a fall.

Late rally in NCB stock price helped to rescue JSE from a fall.

Trading in the main market saw low volumes for individual stocks as the main market indices rose moderately, thanks to gains in National Commercial Bank (NCB) late in the trading session thus reversing declines in prior to this trade with the stock closing at $29.99 up by $2.94 as only 1,460 units traded. At the end, 25 securities traded of which 8 stocks gained, 8 declined with 4,829,140 units, valued at $18,876,216 changing hands in all market segments.
The JSE Market Index rose 133.87 points to 96,895.19, the JSE All Jamaican Composite index climbed 149.62 points to 107,242.12 and the JSE combined index gained 131.79 points to end at 100,036.86.
JSE Sum -18- 9-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 12 stocks with bids higher than their last selling prices and 4 with offers that were lower, indicative of advancing stocks should be ahead of declining ones on Monday.
In trading, Cable and Wireless fell 1 cent with 200,000 shares changing hands, to close at 51 cents, Carreras traded 8,000 shares at $49.99, Desnoes & Geddes traded 60,357 shares after to end at $7, Gleaner traded 26,150 units at $1.90, Grace Kennedy lost 50 cents in trading 1,060 shares to close at $64. Hardware & Lumber ended with 4,980 shares trading at $12.80, Jamaica Broilers with 11,000 units changing hands, ended at $6.20 while losing 30 JSE fn qts 18-9-15cents, JMMB Group traded 527,208 units, the price fell 2 cents, to end at $7.80, Radio Jamaica ended with 14,445 units changing hands with a3 cents gain to end at $3.08. Sagicor Group with 6,589 shares trading, closed for 45 cents lower at $12.55, Scotia Group traded 27,614 shares to close gain 11 cents at $23.91, Supreme Ventures had 100,000 shares changing hands at $3.74, for a loss of 6 cents. Proven Investments ordinary share traded 171,659 units at 20 US cents, after rising 2 cents and Jamaica Money Market Brokers 7.5% preference share traded 225,500 units, to end at $2.01, after gaining 1 cent.

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JSE drops again but 12 stocks rose 7 fell

September 17, 2015 by

JSE sign & BldTrading in the main market saw low volumes for individual stocks as the main market indices slipped further by the close of the market. At the end, 24 securities traded of which 12 stocks gained, 7 declined with 1,909,715 units, valued at $23,590,989 changing hands in all market segments.
The JSE Market Index declined 213.17 points to 96,761.32, the JSE All Jamaican Composite index dropped 238.24 points to 107,092.50 and the JSE combined index lost only 77.94 points to end at 99,905.07.
JSE Sum -17-9-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 15 stocks with bids higher than their last selling prices and 8 with offers that were lower, indicative of another day of high up and down price movements ahead.
In trading, Cable and Wireless gained 2 cents with 61,150 shares changing hands, to close at 52 cents, Carreras recovered $1.39 but with just 1,440 shares trading at $49.99, Desnoes & Geddes traded 56,700 shares after losing 20 cents to end at $7, Grace Kennedy gained $1 in trading 2,923 shares to close at $64.50, Hardware & Lumber dropped 20 cents with 13,910 JSE fn qts 17-9-15shares trading at $12.80. Jamaica Broilers with 150,629 units changing hands, ended at $6.50 while gaining 60 cents, JMMB Group traded 19,168 units, the price fell 3 cents to end at $7.82, National Commercial Bank with 22,016 shares changing hands, closed at $27.05, having gained 5 cents. Sagicor Group with 84,069 shares trading, closed 20 cents higher at $13, Scotia Group traded 6,300 shares to close with a loss of 1 cent at $23.80, Proven Investments ordinary share traded 710,000 units at 20 US cents. Jamaica Money Market Brokers 8.75% preference share traded 175,000 units to end at a 52 weeks’ low of $2.80, after losing 5 cents and Proven Investments preference share traded 100,475 units at $5.

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NCB takes big bite off JSE indices

September 16, 2015 by

NCB drops $3 to chop the JSE indices

NCB drops $3 to chop the JSE indices

At the end of trading there were a number of stocks with large price movements, including National Commercial Bank that dropped $3 and knocked a large amount off the main market indices. At the end, 26 securities traded as 12 stocks gained, 8 declined with 7,263,312 units, valued at $33,817,778 changing hands in all market segments.
The JSE Market Index dived 1,543.26 points to 96,974.49, the JSE All Jamaican Composite index dropped 1,724.67 points to 107,330.74 and the JSE combined index lost 1,556.88 points to end at 99,983.01.
JSE Sum -16- 9-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 14 stocks with bids higher than their last selling prices and 6 with offers that were lower, indicative of another day of up and down price movements ahead.
In trading, Cable and Wireless gained 2 cents with 561,804 shares changing hands, to close at 50 cents, Carreras dropped $1.39 but with just 1,685 shares trading at $48.60, Grace Kennedy traded firm at $63.50 with 9,153 shares, Hardware & Lumber dropped $4.50 with 5,000 shares trading at $13. Jamaica Broilers with 318,926 units changing hands, ended at $5.90 while gaining 5 cents, after it traded as high as $7 in the morning session, JMMB Group traded 87,809 units, the price rose 22 cents to end at $7.85, JSE fn qts 16-9-15 Kingston Wharves had 86,000 units trading with a loss of 65 cents to end at $6.45, National Commercial Bank with 84,337 shares changing hands, closed at $27, having fallen $3, Sagicor Group with 161,067 shares closed 20 cents higher at $12.80, Scotia Group traded 81,117 shares to close with a loss of 4 cents at $23.81, Scotia Investments jumped $3.50 to $28 but with only 1,000 units, Proven Investments ordinary share traded 451,800 units at 20 US cents,Jamaica Money Market Brokers 7.25% preference share traded 421,747 units at $2.48 by losing 2 cents to end at a new 52 weeks’ low and Jamaica Money Market Brokers 7.50% preference share traded 52,000 units at $2.

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