Sagicor X Fund in big trade on JSE

September 15, 2015 by

Hotel property owned by Sagicor Real Estate Fund

Hotel property owned by Sagicor Real Estate Fund

At the end of trading Sagicor Real Estate X Fund traded 473.4 million units, trading between $6.95 and $7 with a value of $3.29 billion. A block of 473,414,000 units was crossed by Sagicor Investments on behalf of clients. At the end 8 stocks gained, 10 that declined in all market segments.
Market activity, on the Jamaica Stock Exchange picked up from moderate trading on Monday with only 21 securities trading and ended on Tuesday with 30 securities changing hands as 478,681,888 units, valued at $3,328,086,907 traded.
The JSE Market Index gained 336.73 points to 98,517.75, the JSE JSE Sum -15-9-15All Jamaican Composite index rose 376.31 points to 109,055.41 and the JSE combined index added 212.92 points to end at 101,539.89.
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 14 stocks with bids higher than their last selling prices and 7 with offers that were lower.
In trading, Cable and Wireless had 862,092 shares changing hands to close at 48 cents, Desnoes & Geddes traded 3,096,207 shares at $7.10 down 10 cents, Mayberry Investments ended with 178,500 units trading at $3 while gaining 19 cents, National Commercial Bank with JSE fn qts 15-9-15278,125 shares changing hands, closed at $30. Sagicor Group with 117,400 shares closed 40 cents lower at $12.60, Sagicor Real Estate Fund traded 473,418,735 units at $6.95, Radio Jamaica traded 11,085 shares to close at $3.05. Scotia Group traded 16,351 shares to close with a gain of 5 cents at $23.85, Scotia Investments ended with 13,666 shares trading 27 cents higher at $24.50, Supreme Ventures traded 9,440 shares but gained 10 cents in ending at $3.50, Proven Investments ordinary share traded 41,727 units at 19.9 US cents and Proven Investments preference share with 100,000 units traded closed at $5.

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Sagicor Real Estate Fund tops trading on JSE

September 11, 2015 by

Sagicor Real Estate Fund traded 12,553,254 units days after the company reported a successful rights issue that raised $5.2 billion. Most trading took place at $6.95, in shares crossed by Scotia Investments as brokers for clients. The stock price ended at $7.50 at the close, after losing 50 cents.
Market activity generally,JSE Sum -11- 9-15 on the Jamaica Stock Exchange ended with just 31 securities changing hands as 19,174,117 units, valued at $129,515,704 were exchanged. Sagicor Real Estate Fund accounted for a large portion of the monetary consideration. Seprod also chipped in with a fair amount. At the end, 8 stocks gained, compared to 11 that declined in all market segments. The JSE Market Index declined 648.07 points to 98,149.98, the JSE All Jamaican Composite index fell 724.25 points to 108,644.42 and the JSE combined index lost 916.38 points to end at 101,195.27.
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 4 with offers that were lower.
In trading, Cable and Wireless had 1,700,000 shares changing hands to close at 48 cents, Caribbean Cement traded 10,000 shares at $8, for a 38 cents gain. Desnoes & Geddes traded 779,322 shares at $7, JMMB Group had 13,100 shares changing hands at $7.70 after gaining 5 cents, JSE end qts 11-9-15
Sagicor Group with 32,614 shares changing hands, closed at $13 with a 30 cents increase. Scotia Group traded 110,575 units in closing at $23.80, for a fall of 32 cents, Seprod traded 1,813,740 shares at $14 while losing 60 cents. Supreme Ventures traded 210.509 shares but lost 24 cents in ending at $3.90, Proven Investments ordinary share traded 91,890 units at 19.9 US cents after rising 0.004 cents and Jamaica Money Market Brokers 7.50% preference share traded 200,000 units at $2.

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Gleaner trades 19m shares on JSE

September 10, 2015 by

Glnr 8-15 Market activity was halted on the Jamaica Stock Exchange due to technical issues that occurred around mid-day a Jamaica Stock Exchange source indicated to IC Insider. Trading resumed at 3 PM and closed at 3:30.
Not many more securities traded after resumption, but 19 million Gleaner shares changed hands, 18,996,993 units were bought through Victoria Mutual Wealth Management and sold by Mayberry Investments from house inventory at 3:17:44 PM with a value of $36,094,287.
Trading ended with just 23 securities changing hands as 23,173,353 units, valued at $96,919,052 were exchanged. At the end 13 stocks gained, compared to only 2 on Wednesday and 4 declined in all market segments.
JSE Sum -10- 9-15The JSE Market Index rose 2.14 points to 98,798.05, the JSE All Jamaican Composite index added only 2.40 points to 109,368.67 and the JSE combined index gained 52.07 points to end at 102,111.65.
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 9 stocks with bids higher than their last selling prices and 5 with offers that were lower.
In trading, Cable and Wireless had 1,263,154 shares changing hands to close at 48 cents, down 2 cents, Carreras traded 379,430 units at $50.25, gaining 25 cents from Wednesday’s close, Gleaner Company traded 19 million units in two trades at $1.90, after adding 5 cents. Jamaica Broilers traded at $5.90 at the end with 66,961 shares changing ownership JSE fn qts 10-9-15after gaining 30 cents. Jamaica Producers added $1.90 to $18 with 171,230 units trading. The Jamaica Stock Exchange shares added 5 cents with 8,465 shares changing hands at $7.55, JMMB Group had 52,374 shares changing hands at $7.65, National Commercial Bank traded 136,629 shares and closed at $30, Sagicor Group with 22,400 shares changing hands, closed at $12.70 with a 20 cents increase. Scotia Group traded 134,944 units in closing at $24.12 for an increased just 2 cents and Proven Investments ordinary share, traded 1,208,025 units at 19.5 US cents after losing 0.05 cents.

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Partial rebound for JSE

September 9, 2015 by

The Jamaica Stock Exchange ended trading with 20 securities changing hands and a total of 3,429,742 units, valued at $38,607,071 being active. At the end there were only 2 stocks rising, 6 declining in all market segments. The main market saw 2 stocks rising and 2 declining at the close.
JSE Sum -9- 9-15The JSE Market Index rose 518.70 points to 98,795.91. The JSE All Jamaican Composite index added 579.76 points to 109,366.27 and the JSE combined index gained 423.11 points to end at 102,059.58.
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 5 with offers that were lower.
In trading, Cable and Wireless had 481,497 shares changing hands to close at 50 cents, Caribbean Cement traded 47,336 shares at $8 and gained 40 cents, Carreras traded 214,390 at $50, JSE fn qts 9-9-15Grace Kennedy traded 3,505 units at $64 after adding $1. The Jamaica Stock Exchange shares lost 30 cents with 113,480 shares changing hands to $7.50, National Commercial Bank traded 400,450 shares and closed at $30, Radio Jamaica ended with 10,411 units changing hands but lost a cent to close at $3, Sagicor Group with 45,991 shares changing hands, closed at $12.50. Scotia Group traded only 6,343 units in closing at $24.10 for an increased 36 cents and Proven Investments ordinary share, traded 429,388 units at 20 US cents.

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Scotia chops $3.16 off price on JSE

September 8, 2015 by

BNS cpng - Copy The Jamaica Stock Exchange ended trading with the JSE All Jamaican Composite index diving over 3,600 points in the morning session but closed with a lower loss. At the end of trading, Scotia Group chopped $3.16 off its opening price to help give the market a big jolt.
Trading ended with 27 securities changing hands and a total of 3,767,792 units traded, valued at $63,786,913, there were 6 stocks rising, 10 declining in all market segments.
The JSE Market Index dropped 1,855.33 points to 98,277.21. The JSE All Jamaican Composite index dived 2,073.75 points to 108,786.51 and the JSE Sum -8- 9-15 JSE combined index declined 1,565.32 points to end at 101,636.47.
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 7 with offers that were lower.
In trading, Cable and Wireless had 447,329 shares changing hands and lost 2 cents to close at 50 cents, Caribbean Cement traded 41,225 shares at $7.60 but lost 40 cents, Grace Kennedy traded 3,505 units at $64 after adding $1, Jamaica Broilers lost 50 cents to close at $5.60 with 126,088 shares changing hands. JMMB Group traded 75,068 units to end at $7.65. Mayberry Investments closed with a loss of 30 cents to $2.70 with 4,590 shares changing hands, JSE fn qts 8-9-15 National Commercial Bank traded 203,540 shares and closed at $30 after it slipped to $27.51 in the morning session. Pan Jamaican ended with 58,784 units changing hands by adding $1.15 to close at $62, Sagicor Group with 196,270 shares changing hands, closed at $12.50, Scotia Group traded 1,680,374 units between the closing price of $23.74 and $26 but ended with a loss of $3.16. Scotia Investments ended at $24.10 while 6,400 units traded. Proven Investments ordinary share, traded 266,837 units at 20 US cents, a loss of 0.11 US cents and Proven Investments 8% share traded 368,901 units at $4.90.

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NCB adds $2.50 to regain $30 on JSE

September 7, 2015 by

NCB con spng The Jamaica Stock Exchange closed trading with a total of 28 securities changing hands and 2,579,234 units traded, valued at $15,166,869. At the end 10 stocks rose, 9 declined in all market segments and one in the preference section ended at a new low.
The JSE Market Index fell 160.92 points to 100,132.54. The JSE All Jamaican Composite index lost 179.86 points to 110,860.26 and the JSE combined index declined 120.43 points to end at 103,201.79.
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 10 stocks with bids higher than their last selling prices and 4 with offers that were lower.
In trading, Cable and Wireless had 528,065 shares changing hands and closed at 52 cents,JSE Sum -7- 9-15 Desnoes & Geddes traded 1,015,300 shares at $7 and gained 20 cents, Gleaner Company traded 7,000 shares at $1.85, Grace Kennedy traded 3,993 units at $63, JMMB Group traded 117,375 units and rose 5 cents to end at $7.65. Kingston Wharves closed unchanged at $7 with 10,100 shares changing hands, National Commercial Bank traded 117,375 shares and closed with a gain of$2.50 at $30, Sagicor Group with 44,714 shares changing hands, closed at $12.50 for a loss of 50 cents, Sagicor Real Estate Fund traded 64,063 units and lost 10 cents to settle at $7.90. Scotia Group traded 16,081 units between $25.01 and $26.90 but closed with a gain of 40 cents at $26.90. At the close there were 12 offers ranging between $26.90 and $30, JSE fn qts 7-9-15starting with 71,299 shares at $26.90, on the buy side, bids which are not yet close to the last selling price, start at $25.10 to buy 800 shares. Scotia Investments lost $2.40 and ended at $24.10 while 1,000 units traded. Proven Investments ordinary share, traded 5,754 units at 20.11 US cents, down from 21 US cents Supreme Ventures ended at $4.14 with 25,500 units changing hands. Jamaica Money Market Brokers 7.50% preference share traded 21,050 units at $2 and Jamaica Money Market Brokers 8.75% preference share traded 15,000 units at $2.88 and shed 12 cents in the process to close at a 52 weeks’ low.

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Big drop in JSE indices Monday morning

September 7, 2015 by

Scotia Group is down $1.49 to $25.01 with 14,332 shares and is the major factor JSE Intra 7 - 09-15that pulled the market indices down. Scotia Investments fell back to $24.10 down $2.90 with just 1,000 units trading. Cable & Wireless continued to be in demand and traded 432,065 shares at 52 cents.
The market has so far have trading in 24 securities with a volume of 721,629 units, with 6 stocks declining and 5 rising. Trading activity resulted the JSE Market Index falling 1,662.02 points to 98,631.44. The JSE All Jamaican Composite index dropped 1,857.67 points to 109,171.40 and the JSE combined index lost 1,535.84 points to be at 101,786.38. The junior market rose 3.46 points to 970.44.

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Scotia Group jumps 11% on JSE Friday

September 4, 2015 by

Scotia's stock closed with a gain of $2.70 on Friday.

Scotia’s stock closed with a gain of $2.70 on Friday.

Scotia Group jumped just over 11 percent on Friday with more than 700,000 shares changing hands to help push the Jamaica Stock Exchange all Jamaican Composite index up by almost 3,000 points on the first day after the group released nine months results.
Scotia Investments crossed 623,135 units of its parent company shares out of a total of 700,154 they bought, between $26 and $26.99 with 612,725 units traded at $26.99, for in house purposes.
The Jamaica Stock Exchange closed trading with a total of 30 securities changing hands. A total of 2,251,172 units traded, valued at $24,730,236, with 9 stocks rising, 12 declining in all market segments. The JSE Market Index rose 2,637.77 points to 100,293.46. The JSE All Jamaican Composite index jumped 2,948.29 points to 111,040.12 and the JSE combined index rallied 2,460.94 points to end at 103,322.22.
JSE Sum -4- 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 10 stocks with bids higher than their last selling prices and 5 with offers that were lower, including 2 from the preference share sector.
In trading, Cable and Wireless traded only 559,840 shares, down from 4,748,662 units on Thursday and closed at 52 cents. At the close, visible bids exist for 10,000 shares at 50 cents and ranging between 48 cents and 49 cents, a total of 1,702,558 units and between 45-47 cents 537,500 shares. Visible offers at 52 cents, amount to 1,040,394 units, at 53 cents, 942,650 million shares, next are 595,177 shares at 55 cents and at 56 cents, 3,078,000 units. Carreras closed at $51 for a gain of $1 while a mere 1,045 units traded. Desnoes & Geddes traded 17,500 shares at $6.80, up 80 cents, Gleaner Company traded at 268,116 shares and added 5 cents to $1.85, Grace Kennedy traded down $1 at $63 with only 1,370 shares, Jamaica Broilers closed unchanged at $5.60 with 13,413 shares changing hands. National Commercial Bank traded just 53,230 shares and closed with a fall of 56 cents at $27.50, after it traded earlier at $30. Sagicor Group with 13,000 shares changing hands, closed with a gain of 43 cents at $13, Scotia Group traded 711,422 units between $23.80 and $26.99 but closed with a gain of $2.70 at $26.50. JSE fn qts 4-9-15At the close there were only 6 offers ranging between $26.50 and $30 to sell 73,748 shares at $26.50, 299,990 at $27 23,750 units at $27.10 and 54,600 shares at $30. On the buying side, bids start at $25.01 to buy 800 shares but they are thin, until they drop to $23.71, to buy 306,040 shares. Scotia Investments lost 50 cents and ended at $26.50 while 9,485 units traded, the stock opened down to $24.10 within six minutes of the market opening, in response to disappointing earnings for the July quarter. Proven Investments ordinary share, traded 32,600 units at 21 US cents, Supreme Ventures added 14 cents to end at $4.14 with 2,000 units changing hands.

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Scotia Group steadies ship

September 4, 2015 by

Jackie Sharp - CEO Scotia Group

Jackie Sharp – CEO Scotia Group

Scotia Group reports profit $6.16 billion for the nine months ended July 2015 compared with $7.97 billion for the period to July, 2014. The reduction was impacted by Asset Tax expense of $1.29 billion fully booked from the first quarter as well as an increase in the Asset Tax rate imposed in May 2014.
Profit for the July 2015 quarter, was $2.31 billion, a shade off from the results for the April 2015 quarter of $2.36 billion, but well down on the July 2014 quarter of $2.9 billion. The decline in the quarter is due mainly to a fall-off in net gains on investment assets of $240 million, net interest income of $140 million, foreign exchange trading gains of $220 million and insurance revenues of $230 million.
Earnings per share for the nine months amounts to $1.93 and for the last quarter 72 cents and should end the year around $2.75.
The Group reported lower insurance revenue, lower net gains on foreign currency activities and financial assets in the Investment Management segment of the Group with total revenue for the nine months of $26.3 billion, a decrease of $319 million from the prior year. For the July 2015 quarter, total revenue of $8.62 billion was down $103 million from the April quarter. Net interest income after impairment losses for the period was $16.9 billion, an increase of $76 million versus the same period in 2014.
Scotia hq 25 9-14Expenses have been held quite tightly, resulting in an increase of $533 million or 3.7 percent when the Asset Tax is excluded for the nine months, while expenses were just $100 million more in a the third quarter, over the similar period in 2014.
Total assets increased year over year by $23.4 billion or 5.8 percent to $424 billion as at July 2015. The growth was primarily attributable to increases of $4 billion or 2.9 percent in Loans, net of allowance for impairment losses to $148.7 billion, $8 billion or 5.4 percent in investment and pledged assets and $8.8 billion in other assets resulting from higher retirement benefit asset. Loans as a percentage of total assets have declined from 36 percent to 35 percent as of July this year. The ratio needs to be moving in the other direction if profit is to commence growing at an attractive pace. At a quarterly rise around $1 billion the growth in loans is not strong to delivery good bottom line growth and help the stock to be above the average of the market.
An interim dividend of 40 cents per stock unit payable on October 15, 2015, to stockholders on record at September 23, 2015 was approved.

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Cable & Wireless jumps 11% on JSE

September 3, 2015 by

C&W which just ditched the Lime brand for Flow, gained nearly 11% in trading on Thursday

C&W which just ditched the Lime brand for Flow, gained nearly 11% in trading on Thursday

Cable and Wireless gained almost 11 percent with more than half of the shares changing hands on the Jamaica Stock Exchange with more than 4.7 million units on Thursday, up from Wednesday’s 2,882,269 units as the stock comes in for increasing demand with the merger with Flow progressing.
The Jamaica Stock Exchange closed trading with all active indices falling with advancing and declining stocks being evenly matched as was the case on Wednesday. A total of 31 securities changed hands, resulting in 7,916,489 units trading, valued at $29,539,131, with 8 stocks rising, 8 declining in all market segments. The JSE Market Index fell 245.83 points to 97,783.73. The JSE All Jamaican Composite index declined 274.77 points to 108,234.94 at support level on the downside and the JSE combined index fell 50.41 points to end at 101,002.73.
JSE Sum -3- 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 8 stocks with bids higher than their last selling prices and 8 with offers that were lower.
In trading, Cable and Wireless rose 5 cents with 4,748,662 units and closed at 52 cents. At the close, visible bids exist for 41,500 shares at 45 cents and ranging between 40 cents and 44 cents, a total of 397,000 units, well down on amount on Wednesday’s bids of 2.46 million units at 40 cents and above. On offer between 52 and 55 cents, are 6 visible offers to sell 2.58 million shares. Caribbean Cement had 11,300 shares changing hands stock for a loss of 5 cents to $7.85, Carreras closed at $50 for a loss of 30 cents while 274,344 units traded. Jamaica Broilers closed unchanged at $5.60 with 50,174 shares changing hands, National Commercial Bank traded just 3,200 shares and closed with a fall of $1.94 at $28.06. Sagicor Group with 179,796 shares changing hands, closed unchanged at $12.57, JSE fn qts 3-9-15Sagicor Real Estate Fund landed 33,271 shares for a gain of 10 cents to end at $8, Scotia Group traded 22,000 units to close with a loss of 20 cents at $23.80, Scotia Investments ended at $27 while only 159,004 units traded. Proven Investments ordinary share, traded 15,346 units at 21 US cents, Supreme Ventures added 50 cents to end at $4 with 23,022 units changing hands, Jamaica Money Market Brokers 7.50% preference share traded 50,000 units at $2 and Proven Investments 8% preference share traded 110,400 units at $4.90 after trading at a 52 weeks’ low of $4.85.

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