JSE records gains as 12 stock rose

June 4, 2015 by

JSE closed at a new high on Thursday of $5

JSE closed at a new high on Thursday of $5

Activity on the Jamaica Stock Exchange, resulted in the prices of 12 stocks rising, 8 declining as 28 securities changed hands, ending in 29,030,930 units trading, valued at $172,290,893, in all market segments.The market continues to record new 52 weeks’ high with 4 new highs recorded at the end of trading in the main and junior markets.
The JSE Market Index rose by 850.14 points to 99,251.97, JSE sum 4-6-15the JSE All Jamaican Composite index rose 950.23 points to close at 109,875.98 and the JSE combined index gained 909.48 points to end at 101,846.89.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 11 stocks with bids higher than their last selling prices and 4 with offers that were lower.
After two hours of trading on Thursday there was heavy trading in a number of stocks. The big trades for the day are Caribbean Cement with 4,504,011 shares to close at $4.80, the vast majority traded at $5. Carreras traded 528,878 units to end at $50, Jamaica Broilers with 3,019,120 shares changing hands, closed at $5.50, Scotia Group traded 1,103,300 shares with the price closing unchanged at $25.50 as Scotia Investment bought most of those to trade. Supreme Ventures had 8,559,749 shares traded to end at $3.50, down 25 cents and Jamaica Money Market Brokers 7.50% preference share traded 836,000 units with a gain of 19 cents to end at $2.30.
Elsewhere in the market, Jamaica Stock Exchange traded 21,150 units to end with a gain JSE fnl qts 4-6-15of 20 cents to a new closing high of $5. National Commercial Bank with 248,135 shares closed at $29.60 to end with a 5 cents gain, Pan Jamaican Investment traded 5,678 shares to close 3 cents higher at a new 52 weeks high of $60.55, Pulse Investments traded 300,000 units at 45 cents, to gain 9 cents for a new 52 weeks high. Sagicor Group had 388,585 shares trading to close at $12, Sagicor Real Estate Fund traded 418,797 shares at $7.60, up 50 cents on the day, Scotia Investments exchanged 20,028 shares to close at $26.28 and Proven Investments traded 146,255 shares at 21 US cents.

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Scotia Investments disappoints.

June 3, 2015 by

ScotiaInvestmentsBuilding280x150Scotia Investments today reported another quarter of disappointing results, with profit after tax of $453 million for the half year to April, this year, representing a decrease of $371 million, when compared with the net income of $824 million for the period ended April last year.
For the quarter, profit after tax amounted to $316 million down from $468 million last year. The reduction in profit is partly attributable to the adoption of IFRIC 21, Levies, which requires a change in the accounting treatment for Asset Tax, as well as the increase in the asset tax rates imposed by the Government of Jamaica in May 2014, to be booked in full when due.
Total revenues for the six months of net interest and other income, was $1.67 billion, a reduction of $389 million or 19 percent below the corresponding period last year; and $856 million for the quarter was 5 percent or $41 million higher than for the comparative quarter in 2014.
Net interest income|Net interest income after impairment losses for the half year, was $929 million, a reduction of $284 million or 23 percent versus the corresponding period last year; and $459 million for the quarter, down $118 million or 20 percent below the April 2014 quarter.
Other revenues, which includes fee income, securities trading gains and net foreign exchange trading income, was $742 million for the period, $104 million or 12 percent below the corresponding period last year; and $397 million for the quarter, down $98 million from the April 2014 quarter.
Operating expenses for the quarter were $411 million, up from the $389 million over the 2014 quarter, due partially to a reduction in the Asset Tax. For the half year the operating expenses for the six months were $973 million, up from the $878 million over the 2014 period, due in part to the imposition and treatment of the Asset Tax which had to be booked in full up front. The asset tax in 2014 amounted to $86 million versus $148 million in 2015.
With the rebound in the local stock market, the company will enjoy increased trading fees from handling stock market trades as well as from unit trust activities, but they had a fall-off in gains on financial assets and foreign exchange gains during the quarter compared with 2014, this reduced the income by $164 million and $199 million for the half year.
Earnings per share ended at 75 cents for the quarter and $1.07 for the six months and should end up around $3 for the full year, which would be well down on last year’s results. The stock is listed on the Jamaica Stock Exchange and traded at $26.28 on Thursday.
The investment bank approved a second interim dividend of 45 cents per stock unit payable on July 16, 2015, to stockholders on record at June 23, 2015.

Filed Under: Company News, Company Results Tagged With:

Prices up prices down index gains

May 29, 2015 by

Sagicor traded 5.36 million shares on Friday

Sagicor traded 5.36 million shares on Friday

The Jamaica Stock Exchange ended the week on a positive note with most prices for stocks rising and new highs still being recorded, resulting in the prices of 14 stocks rising, 10 declining as 35 securities changed hands, ending in 17,846,913 units trading, valued at $135,894,171, in all market segments.
Hardware & Lumber closed at a new 52 weeks’ high of $18, Jamaica Stocks Exchange closed at an all-time high of $4 and Scotia Investments also closed at a new high of $30 after jumping $3.70 but with limited volume and Palace Amusement traded at $60 for a new 52 weeks’ low.
JSE sum 29-5-15TheJSE Market Index gained 451.19 points to 98,766.37, theJSE All Jamaican Composite index rose 504.32 points to close at 109,333.21 and the JSE combined index put on 439.21 points to end at 101,019.67.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator continues to reflect a market that has a upward bias with 11 stocks with bids higher than their last selling prices and just 2 with offers that were lower.
Barita Investments traded 134,024 shares at $2.50 but closed with the bid at $2.55 to buy 11,765 shares, Carreras traded 160,324 shares with the price rising to $50 from $49 on Thursday after the company announced a $2 dividend. The stock traded as high as $51.06 for an intraday 52 weeks’ high. Caribbean Cement slipped 40 cents to close at $4.60 with 12,000 units changing hands. Desnoes & Geddes had 62,181 shares trading, to close 12 cents lower at $7.38, Grace Kennedy with 20,682 units changing hands, closed with a loss of 50 cents at $63. Jamaica Broilers shared 1,284,333 units at 20 cents higher, than on JSE fn Qts 29-5-15Thursday, at $5.50, Jamaica Stock Exchange had 1 million units changing hands in one trade, to close at $4, the stock closed without an offer. JMMB Group enjoyed trading in 171,384 shares to end at $9, Mayberry Investments had 37,164 units changing hands between $3.16 and the ending price, of $3. National Commercial Bank closed at $29.57 after losing 53 cents, Palace Amusement traded 566 shares and fell by $20 to $60, Sagicor Group had another heavy day of trading with 5,359,993 units changing hands and Scotia Group traded 14,391 units at $25.05 for a 45 cents decline.
In the preference sector, Jamaica Money Market Brokers 7.50% preference share traded 429,000 units at $2.30, Jamaica Money Market Brokers 8.75% preference shares 370,000 units at $3.02.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , ,

Moderate trades Friday on TTSE

May 22, 2015 by

TTSEBuilding2_280x150 Trading on the Trinidad Stock Exchange closed with 11 securities changing hands of which 2 advanced, 2 declined and 7 traded firm with a total of 60,070 units, valued at $872,353.
At the close of the market, the Composite Index lost 0.13 points to close at 1,160.12, the All T&T Index rose by just 0.06 points to close at 1,969.40 and the Cross Listed Index fell 0.04 points to end at 46.04.
Gains| Stocks increasing in price at the close are, ANSA McAL that traded 300,000 shares on Thursdays had only 1,721 units hanging hands on Friday while gaining 1 cent to $64.05 and Point Lisas Industrial Port Development traded 223 shares and gained 3 cents to end the day at $3.80.
Declines| The stocks declining at the end of trading are, Clico Investment Fund had just 840 shares and declined by 2 cents to end at $22.51 and Scotia Investments lost 5 cents to close at $1.45 with 1,500 shares traded.
TTSE 22-5-15 Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings added 5,785 shares to close at $$13.90, Firstcaribbean International Bank with 30,000 shares changing hands for a value of $150,900, closed unchanged at $5.03, First Citizens Bank contributed 6,893 shares with a value of $246,769 to close at $35.80. National Enterprises traded 154 shares at $17.30, Republic Bank traded 1,923 units to close at $115, while Sagicor Financial Corporation traded 862 shares to close at $6.01 and Trinidad Cement with a volume of 10,169 shares traded ended at $2.75.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , ,

9 stocks rose 12 declined on JSE

May 21, 2015 by

Pan Jam closed at $60 after gaining $1.19

Pan Jam closed at $60 after gaining $1.19

Activity on the Jamaica Stock Exchange, resulted in the prices of 9 stocks rising, 12 declining as 28 securities changed hands, ending in 1,649,208 units trading, valued at $11,833,234, in all market segments.
The JSE Market Index gained 112.16 points to 98,382.51, theJSE All Jamaican Composite index rose 125.41 points to end at 108,714.51 and the JSE combined index declined by 12.53 points to close at 100,575.43.
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 13 with offers that were lower. 7 of the lower offers are in the junior market and 2 are preference shares, an indication that main market ordinary JSE sum 21-5-15shares strength remains fairly intact at this stage and may be one reason the main market indices, recorded gains at the end of trading.
Trading included Berger Paints trading 5,000 shares to close with a loss of 40 cents at $2.60, Cable & Wireless ended with 438,117 shares at 46 cents, for a gain of 1 cent, Caribbean Cement slipped 4 cents with 48,850 shares trading, to close at $4.55, Carreras closed with 92,083 units trading at $49, by dropping $1. Desnoes & Geddes lost 44 cents in trading 5,000 shares in closing at $7.26, Grace Kennedy gained 35 cents with 9,905 units changing hands in closing at $62.50. Jamaica Stock Exchange slipped 15 cents with 43,700 shares trading at $3.35, JMMB Group had 73,345 shares trading with a gain of 44 cents to $8.89, JSE fn qts 21-5-15Margaritaville (Turks) ended with 100,000 shares trading at 10 US cents, Mayberry Investments traded just 1,020 units but lost 15 cents to end at $2.85. National Commercial Bank traded unchanged with 25,000 units at $30, Pan Jamaican traded only 1,700 shares to end with a gain of $1.19 at $60, Proven Investments closed with 17,700 units to gain almost a cent to 20.48 US cents. Radio Jamaica traded 50,000 shares unchanged at $2.58, Sagicor Group gained 50 cents in trading 135,347 units to close at $12, Scotia Group gained 36 cents with 2,190 shares trading, to end at $25.32. Scotia Investments traded only 176 units in gaining 35 cents to $25.85, Seprod lost 50 cents in trading 5,000 units at $17.50 and Supreme Ventures lost 30 cents with 10,727 units changing hands at $3.60.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , ,

JSE Markets up pace slowing

May 18, 2015 by

Grace fell $1 after reporting a decline in Q1 profits

Grace fell $1 after reporting a decline in Q1 profits

The main market indices of the Jamaica Stock Exchange recorded another day of gains on Monday, but the current run up for the main market, may be peaking, until the summer months. With the latest inflation number being very tame, the stage may be set for another round of lower interest rates that could ignite the market again before long.
Activity on the Jamaica Stock Exchange, resulted in the prices of 15 stocks rising, including 8 new 52 weeks’ high, 7 declining as 35 securities changed hands, ending in 4,079,019 units trading, valued at $46,667,393, in all market segments. The JSE Market Index gained 295.86 points to 99,287.96, the JSE All Jamaican Composite index rose 330.79 points to close at 109,726.84 and the JSE combined index gained/ put on 321.05 points to close at 101,740.07. Stocks closing at new 52 weeks’ highs, in the main market are, Berger Paints, Desnoes and Geddes, Caribbean Cement, Jamaica Broilers and Radio Jamaica.
JSE sum -18-5-15 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 3 with offers that were lower.
Stocks trading include, Berger Paints ended trading with 81,477 shares changing hands to close 20 cents higher at $2.55, Caribbean Cement closed with 240,866 shares trading, 89 cents higher, at $5.10, Carreras finished trading with 20,385 shares and lost 35 cents to close at $49, Desnoes & Geddes saw trading in 31,000 shares trading 5 cents higher at $7.25. Gleaner closed with 170,739 units trading, with the price unchanged at $1, Grace Kennedy finished trading with 42,032 shares and fell $1 to close at $63.50. Jamaica Stock Exchange concluded trading with 25,000 units trading with the last price unchanged at $3.50, JMMB Group completed trading in 11,506 shares changing hands and jumped $50 cents at $10,the stock closed with an offer at $9.49, Kingston Wharves had dealing in 34,221 units traded at 6 cents up to $6.26.JSE fn qts 18-5-15 Mayberry Investments contributed 93,828 units to trading and close unchanged at $3, National Commercial Bank ended trading with 52,070 shares changing hands to close down by 50 cents at $30 and based on today’s trading which saw the bid that was at $30 for several days, to buy an undisclosed amount being pulled, it looks as if the price could fall back below $30, Radio Jamaica closed with 100,000 shares trading at $2.48 after adding 8 cents, Sagicor Group finished trading with 1,127,037 units but remained unchanged at $12, after it trading during the day at $11. Scotia Group ended trading 72,725 units to close 14 cents higher, at $25.30, Scotia Investments closed with 2,300 shares, 75 cents up at $25.50. Jamaica Money Market Brokers 8.75% preference share finished trading with 153,398 units changing hands to close 2 cents higher at $3.02 and Proven Investments 8% preference shares saw trading in 26,805 units with the price ending unchanged at $5, after gaining 50 cents earlier in the day before falling back.

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21 stocks fell 9 rose & 4 new highs

May 14, 2015 by

Mayberry traded 2.7 million shares to close at $2.88.

Mayberry traded 2.7 million shares to close at $2.88.

Activity on the Jamaica Stock Exchange, resulted in 41 securities changed hands with the prices of 9 stocks rising, 21 declining and ending with 5,742,458 units trading, valued at only $25,119,327, in all market segments. The last minute trade in some stocks with just a few units, raises questions about their validity.
The number of securities trading on Thursday is by far the largest, since IC Insider has been reporting from 2013. At the close, JSE Market Index gained 404.52 points to 99,499.43, the JSE All Jamaican Composite index rose 452.29 points to close at 109,963.28, after trading over 110,000 points during the day and the JSE combined index gained 356.44 points to close at 101,656.34. JSe sum 14-5-15There were 4 stocks closing at 52 weeks’ high in the entire market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 8 stocks with bids higher than their last selling prices and 5 with offers that were lower.
Stocks trading include, Barita Investments closed trading with 151,783 shares to end 11 cents lower at $2.26, Berger Paints had 9,858 shares trading with a gain of 8 cents to a 52 weeks’ high of $2.08, Cable & Wireless lost altitude by dropping 2 cents in trading 723,882 units, to end at 46 cents. Caribbean Cement trading 315,244 shares with the price falling to $4.20 rising back to $5, Desnoes & Geddes closed at $7.10 with 15,300 units trading, Grace Kennedy traded 106,525 shares to close down by 50 cents at $64.50 after trading as high as $65.25. The stock is unlikely to get any help in trading for the next few days as they reported lower profits in the March quarter with profit of $589 million versus $833 million in 2014. Hardware & Lumber traded just 1,750 shares to lose 25 cents to $10.75, Mayberry Investments traded 2,735,521 units up $3 but fell back to closed at $2.88, All the Mayberry shares were purchased through Mayberry Investments, JSE fn qts 14-5-15with JMMB Securities virtually all units with most being sold from JMMB inventory and bought by Mayberry for in house purposes. National Commercial Bank closed with a 51 cents loss with 92,298 shares trading to close at $30.50, Sagicor Group had just 14,630 shares trading at $12.15. Sagicor Real Estate Fund gained 68 cents with 9,427 shares trading, to end at $7.28, following first quarter report showing a big jump in profit to $570 million, from $242 million, in 2014, as the acquisition of a hotel in Montego Bay pumped up revenues and profit in the quarter, in the best period for income in the hotel sector. Salada Foods gained 25 cents with just 2,672 shares trading at $9.25, Scotia Investments ended shedding 25 cents while trading 2,150 shares to end at $24.75, Seprod ended with 120,515shares trading at $18.25 and Proven Investments had 5,000 shares trading to close at an all-time high of 21.25 US cents.

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4 stocks gains on TTSE Wednesday

May 13, 2015 by

Sagicor Financial gained 10 cents to end at $6

Sagicor Financial gained 10 cents to end at $6

Trading on the Trinidad Stock Exchange ended with 11 securities changing hands, 4 advanced, none declined and 7 traded firm, with a total of 93,302 units, valued at $2,073,071.
At the close of the market, the Composite Index advanced by 0.17 points to close at 1,154.45, the All T&T Index added just 0.14 points to close at 1,968.54 and the Cross Listed Index increased by 0.02 points to end at 44.63
Gains| Stocks increasing in price at the close are, ANSA McAL that gained 1 cent in closing at $67.02 with 290 shares changing hands, Clico Investment Fund ended with 60,533 shares trading, valued at $1,368,305 but gained 5 cents to end at $22.60. Massy Holdings had 76,650 shares changing hands for a value of $4,871,107 to end 7 cents higher, at $63.55 and Sagicor Financial Corporation ended with 24,892 shares carrying a value of $147,693 to end with a 10 cents gain, at $6.
TTSE 15-5-15 Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens Bank trading 4,349 shares to close at $35.80, One Caribbean Media ended with just 50 shares changing hands at $22.30, Prestige Holdings closed with 1,050 share trading to end at $10. Republic Bank added 14,539 shares valued at $1,671,985 to close at $115, Scotiabank contributed 3,919 shares, to end at $62.51, Scotia Investments ended with 2,000 shares trading at $1.50 and Trinidad Cement ended up with 13,000 units at $2.80.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than their last selling prices and 1 with a lower offer.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , ,

More stocks declined than rise – TTSE

May 11, 2015 by

Guardian Holdings traded 272,059 shares on Monday

Guardian Holdings traded 272,059 shares on Monday

Trading on the Trinidad Stock Exchange ended with 10 securities changing hands of which 1 advanced, 3 declined and 6 traded firm with a total of 399,175 units, valued at $4,750,405.
At the close of the market, the Composite Index lost 0.54 points to close at 1,154.14, the All T&T Indexfell 1.01 points to close at 1,968.12 and the Cross Listed Index fell 0.01 points to end at 44.61.
Gains| Ansa Merchant Bank recorded the sole price increase, climbing 1 cent to end at $38.91.
Declines| Stocks declining at the end of trading are, Guardian Holdings with 272,059 shares changing hands, for a value of $3,876,466, lost 5 cents to end at $14.25, followed by Sagicor Financial Corporation contributing 26,090 shares, with a value of $153,943.81, while closing a cent down, at $5.90 and Trinidad Cement with 69,057 shares being traded for $193,383, to close at $2.80 after declining by 10 cents.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings adding 10,000 shares valued at $139,000 to close at $13.90, Clico Investment Fund ending with 12,424 shares valuedTTSE 11-5-15 at $280,161 changing hands to end at $22.55. First Citizens Bank trading 2,305 shares to close at $35.78. JMMB Group traded 5,360 shares to end at 55 cents, Prestige Holdings traded just 500 shares at $10 and Scotia Investments contributed 980 shares as the price closed unchanged at $1.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than their last selling prices and 1 stock with the offer that was lower.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , ,

JSE back at August 2008 levels

May 11, 2015 by

Scotia rose to $27 during trading to help push market on Monday

Scotia rose to $27 during trading to help push market on Monday

The Jamaica Stock Exchange closed Monday at a 82 months’ high, taking it back to August 2008, just before the market tanked, ahead of rising interest rates locally.
Today’s trading resulted in the prices of 13 stocks rising, 9 declining as 32 securities changed hands, ending in 3,376,261 units trading, valued at $34,457,428, in all market segments with the market indices continuing to record gains. The market closed with 6 new 52 weeks high in the junior and main market.
TheJSE Market Index gained 1,291.03 points to 98,710.56, the JSE All Jamaican Composite index rose 1,443.44 points to close at 109,081.28 and the JSE Combined Index closed at 100,708.70 with a gain of 1,293.92 points. JSE sum 11-5-15The JSE All Jamaican Composite index closed at the highest level since it closed on August 28, 2008 at 109,877.58. Based on Monday’s close, the market has now crossed over the resistance trend line, just below today’s close. With Scotia Group pulling back from today‘s high of $27, there is no certainty that it will remain above resistance at the close on Tuesday, even if it does not pull back, the 115,000 mark, just 6,000 points away, is likely to be a real test as most first quarter results would have been released this week.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 11 stocks with bids higher than their last selling prices and 4 with offers that were lower.
Stocks trading include, Berger Paints trading 2,705 shares at $1.80 after shedding 15 cents. Cable & Wireless ended with 196,631 JSE qts 11-5-15shares to close up 3 cents at 46 cents, Caribbean Cement ended with 15,074 units with the price falling 49 cents to $4.50, Carreras traded just 2,000 shares and declined 85 cents to $48.10, Desnoes & Geddes traded 252,106 shares $6.90 while adding 30 cents, Gleaner finished trading 886,808 units at $1, Jamaica Broilers ended trading with 7,634 shares at a new 52 weeks’ high of $5.25 after posting a gain of 45 cents. Jamaica Stock Exchange ended with 607,587 units and lost 3 cents at $2.90, JMMB Group closed with 35,677 shares at $9.10, for a gain of 39 cents. Mayberry Investments had dealing in only 1,669 shares to close at $2.80, to gain 5 cents, while National Commercial Bank contributed 845,891 shares at $30. Radio Jamaica traded gained 19 cents while 25,185 shares traded at a new 52 weeks’ high of $2.19, Sagicor Group completed trading with 191,940 units at $12, with a 10 cents loss. Scotia Group traded 16,348 shares to close at $25.02 to lose 98 cents compared to Friday’s close but traded at a new intraday high of $27. Scotia Investments had 10,000 units trading at $24.60 to gain 10 cents and Jamaica Money Market Brokers 7.50% preference share traded 50,000 units at $2.11.

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