Activity on the Jamaica Stock Exchange was low, resulting in the prices of 5 stocks rising and 7 declining as 18 securities changed hands, ending in 3,633,602 units trading, valued at $6,595,479, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator was reflecting a very strong signal, showing 13 stocks with bids higher than their last selling prices and only 1 stock with the offer lower.
Main Market| The JSE Market Index lost 552.75 points to 75,560.44, the JSE All Jamaican Composite index fell 618.05 points to close at 83,198.39 and the JSE combined index declined by 406.69 points to close at 77,394.93.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Caribbean Cement ended trading with 1,650 shares 10 cents higher to $2.50, Kingston Properties reached a new 52 weeks’ high in trading 8,300 shares to close 92 cents up at $6.90, at the close there was a bid to buy 191,700 units at $6.90 and an order to purchase 914,000 units at $6. Mayberry Investments ended trading with 187,117 units 7 cent higher to $1.52.
Firm| The stocks in the main market to close without a change in the last traded prices are, Jamaica Money Market Brokers ending trading with 3,002 ordinary shares at $7. Jamaica Producers closed trading with 5,718 shares at $17.50, Kingston Wharves finished with 65,667 units at $6 and Pan Jamaican Investment ended trading with 34,067 shares changing hands at $60.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless closing with 2,927,292 units trading with the price slipping 3 cents, to 47 cents. Carreras finished with 4,936 shares trading lower by $1.05 at $36.20. Grace Kennedy ended trading with 3,098 shares changing hands to close down $2.50, at $60.50, Sagicor Group closed with 9,000 shares, 9 cents lower at $10, Salada Foods had 131,000 units trading, with the price slipping 19 cents to $7.81 and Scotia Group traded 26,480 shares and the price closed lower by 49 cents to $20.01.
Strong price gains ahead on JSE
Scotia in demand on TTSE
Scotiabank profit rose for 2014, helping to push demand for the stock which rose in Wednesdays trading.
Trading on the Trinidad Stock Exchange ended, with 9 securities changing hands of which 2 advanced, 2 declined and 5 traded firm, with a total of 54,521 units, valued at$1,397,330.
At the close of the market, the Composite Index lost 0.09 points to close at 1,143.97, the All T&T Index fell by just 0.18 points to close at 1,976.75 and the Cross Listed Index remained at 40.73.
Gains| Stocks increasing in price at the close are, Ansa Merchant Bank that traded 287 shares and gained 1 cent to end at $39.45, for a new 52 weeks’ high and National Flour Mills gained 1 cent to end the day at $1.16 with 6,000 shares changing hands.
Declines| The stocks declining at the end of trading are, Clico Investment Fund traded 25,215 shares valued at $580,021 but declined by 1 cent to end at $23 and National Enterprises with 2,000 shares traded at $17.49 to close down a cent.Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA McAL with 5,695 shares trading valued at $378,091 and closed at $66.39. First Citizens Bank contributed 5,467 shares with a value of $202,280 and ended at $37, Guardian Holdings traded 3,007 shares at $13.25, Massy Holdings traded 2,033 shares to close at $68, while National Commercial Bank added 4,817 shares to the total of stocks traded and closed at $1.16.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator showed 5 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.
Rising prices hold sway on JSE
Activity on the Jamaica Stock Exchange, continues with a bullish bias and ended in the prices of 10 stocks rising and only 2 declining as 17 securities changed hands, ending in 4,801,191 units trading, valued at $30,772,622, in all market segments. The IC Bid offer indicator is pointing to continuation of rising prices having the upper hand, over declining ones.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 10 stocks with bids higher than their last selling prices and just 2 stocks with offers that were lower. This is a positive indicator for the market pointing to rising prices ahead.
Main Market| The JSE Market Index gained 190.04 points to 76,113.19, the JSE All Jamaican Composite index rose 212.50 points to close at 83,816.44 and the JSE combined index gained 192.73 points to close at 77,801.62.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Berger Paints finished trading with 46,668 shares with the price rising 9 cents to $1.60, Carreras ended with 195,379 shares, the price jumped $1.10 to $37.25 but at the close there was an offer to sell at $36.20, Hardware & Lumber ended trading with 2,666 shares changing hands to close 4 cents higher at $7.51. Jamaica Broilers completed trading with 2,325,782 shares with the price rising 4 cents to $4.10, National Commercial Bank contributed 420,000 units to trading and put on 10 cents to $18.50, Sagicor Group ended trading with 151,205 shares with an increase of 13 cents to $10.09 and Salada Foods finished trading with 19,200 shares as the price jumped 20 cents to $8.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless finished with 156,869 shares trading at 50 cents, importantly, today’s trade exposes the offer at 55 cents with 95,000 units being offered and just above that, is 97,000 units at 58 cents. The highest bid is now at 48 cents for 1.8 million units. Caribbean Cement ended trading with 27,711 shares changing hands to close at $2.40, Proven Investments ended with 19,520 shares trading at 19 US cents and Scotia Group closed with 104,305 shares changing hands at $20.50.
Declines| The Gleaner Company was the only main stock to end with a loss as there was trading in 59,570 but ended losing 4 cents to close at a 52 weeks’ low of 95 cents.
Massy overshadows with $10M trade
Massy Holdings accounted for $10.38 million or 89 percent of the total value of shares traded on the Trinidad Stock Exchange on Tuesday while 9 securities changed hands of which 4 advanced, 3 declined and 2 traded firm. A total of 209,437 units, valued at $11,652,953 traded.
At the close of the market, the Composite Index rose 1.30 points to close at 1,144.06, the All T&T Index rose 0.01 points to close at 1,976.93 and the Cross Listed Index increased by 0.34 points to end at 40.73.
Gains| Stocks increasing in price at the close are, Angostura Holdings trading 1,224 shares to close at $13 with a gain of 8 cents. National Commercial Bank with 30,000 shares trading closed 5 cents higher at $1.16, Scotiabank added 8,010 shares valued at $484,685 and gained 1 cent to end at $60.51 and Unilever Caribbean gained 26 cents to end at a new 52 weeks’ high of $64.51 while trading 5,000 shares.
Declines| The stocks declining at the end of trading are, Clico Investment Fund which traded 2,575 shares valued at $59,246 and lost 4 cents to close at $23.01. Massy Holdings had 152,480 shares changing hands for a value of $10,375,955 and closed at $68, down by 24 cents and Republic Bank traded 100 shares and lost 3 cents to close at $119.76.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens Bank that traded 9,048 shares valued at $334,776 to close at $37 and Guardian Holdings trading 1,000 shares to close at $13.25.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.
Kingston Properties gains 49.5%
Monday’s activity on the Jamaica Stock Exchange, resulted in the prices of 7 stocks rising and 5 declining as 19 securities changed hands with Kingston Properties closing 49.5 percent higher to a new high of $6. The stock ended with the bid at $5.85 on Friday which would have allowed it to trade as high as 30 percent higher at $7.60 under the new circuit breaker that came into effect recently. Trading ended with activity in 1,926,843 units, valued at $29,060,020, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 8 stocks with bids higher than their last selling prices and only 2 stocks with offers that were lower.
Main Market| The JSE Market Index gained 611.01 points to 75,923.15, the JSE All Jamaican Composite index rose 683.19 points to close at 83,603.94 and the JSE combined index gained 545.66 points to close at 77,608.89.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Desnoes & Geddes ending with 33,866 changing hands to end 1 cent higher at $4.71, Grace Kennedy ended trading with 90,314 shares with the price rising 2 cents to $63, Jamaica Broilers had trading in 5,500 shares with the price rising 1 cent to $4.06. Kingston Properties finished trading with 106,000 units and put on $1.98 to hit a new high of $5.98, <a href="http://icinsider.com/pan-jam-profit-up-29-for-q2/” title=”Pan Jam profit up 29% for Q2″>Pan Jamaican Investment contributed just 100 shares in rising $3.90 to $60, new 52 weeks’ high and Scotia Group ended trading with 1,060,362 units, and put on 49 cents to $20.50.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless ending with 453,837 shares at 50 cents. Jamaica Producers finished with 8,343 shares to close at $17.50, Mayberry Investments ended with 29,000 units at $1.45 and Proven Investments ended trading 610 ordinary shares to end at 19 US cents.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, National Commercial Bank ended with 4,742 shares trading at 10 cents lower at $18.40 and Sagicor Group lost 4 cents in closing at $9.96 with 6,000 shares changing hands.
Preference| Proven Investments 8% preference share ended with 5,600 units trading to end at $5.50.
Scotiabank at it again on Monday
Scotiabank gained 50 cents at the close of trading on Monday, along with 55 cents it gained on Friday, as the price continues to recover from the low of $57.98 reached a few weeks ago, but Citizens Bank also gained following profit results showing a slight improvement in 2014 compared with 2013.
Trading on the Trinidad Stock Exchange closed with 13 securities changing hands of which 3 advanced, 4 declined and 6 traded firm, with a total of 410,233 units, valued at $4,060,315 being active. At the end, the Composite Index rose 1.11 points to close at 1,142.76, the All T&T Index rose 3.25 points to close at 1,976.92 and the Cross Listed Index fell 0.13 points to end at 40.39.
Gains| Stocks increasing in price at the close are, Clico Investment Fund gained 4 cents with 61,588 shares traded, valued at $1,417,428, to close at $23.05, a new 52 weeks’ high. First Citizens Bank traded 15,973 shares valued at $591,047, ending with a gain of 13 cents at $37 and Scotiabank gained 50 cents to end at $60.50 while trading 6,794 units, valued at $410,901.
Declines| The stocks declining at the end of trading are, Jamaica Money Market Brokers had 214,275 shares changing hands but fell 3 cents to 41 cents, One Caribbean Media traded 5,152 units at $25.09 but lost a cent. Republic Bank had 5,000 shares changing hands for a value of $598,950 and closed with a decline of 1 cent to end at $119.79 and Trinidad Cement lost 5 cents to close at $2.50 in trading 10,780 shares.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Flavorite Foods had 50 shares trading at $4.80, Guardian Holdings with 42,132 shares traded for $558,721, gained 1 cents to $13.25, Massy Holdings traded 1,840 shares, to close at $68.24. National Enterprises traded just 17 units to end at $17.50, Sagicor Financial Corporation traded 10,000 shares and ended at $6 and Scotia Investments contributed 36,632 shares at $1.45.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.
10 stocks rose, Scotia back at $60
Trading on the Trinidad Stock Exchange ended with Scotiabank back at $60 on Friday having been recovering from 2014 low of $57.98 The market closed with 15 securities changing hands of which 10 advanced, only 2 declined and 3 traded firm with a total of 665,948 units, valued at $14,698,687. At the end of trading there were 3 new 52 weeks’ high and one low.
At the close of the market, the Composite Index lost 3.01 points to close at 1,141.65, the All T&T Index rose 2.24 points to close at 1,973.67 and the Cross Listed Index fell 1.11 points to end at 40.52.
Gains| Stocks increasing in price at the close are, Angostura Holdings in trading 4,500 shares, 4 cents higher at $12.82. Ansa Merchant Bank with 2,000 shares traded, closed with 2 cents gain at $39.44, for a 52 weeks’ high, ANSA Mcal had 1,565 shares traded, and closed 2 cents higher at $66.39, First Citizens Bank traded 1,875 shares to close at $36.87 by gaining 1 cent. Guardian Media with 30,200 shares valued at $597,054 to end at $19.78. National Enterprises contributed 18,009 shares with a value of $313,717 as the price closed at $17.50, for a gain of 8 cents, BUY RATED National Flour Mills contributed 100,000 shares with a value of $115,000 while gaining 5 cents, to end at $1.15. Prestige Holdings traded 1,000 shares to close 1 cent higher at $9.57, for a 52 weeks’ high. IC Insider BUY RATED Scotiabank, gained 55 cents, to end the day at $60, while trading 4,500 shares valued $270,000 and BUY RATED West Indian Tobacco added 31,242 shares valued at $3,789,342 to end at $121.29 up by 3 cents a new 52 weeks’ high.
Declines| The stocks declining at the end of trading are, Firstcaribbean International Bank with 3,100 shares suffered a loss, of 25 cents to close at $4.75 a new 52 weeks’ low and Trinidad Cement lost 5 cents to end at $2.55 with 114,825 shares traded for $292,719.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund with 71,628 shares valued at $1,648,160, remained at $23.01, Massy Holdings traded 6,333 shares valued at $466,284 to close at $68.24, and One Caribbean Media had 275,171 shares changing hands for a value of $6,906,687 and ended at $25.10.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and only 1 stock with a lower offer.
Sharp swings in flat week on JSE
JSE main market moving away from resistance level.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower.
Main Market| The JSE Market Index gained 275.43 points to 75,312.14, the JSE All Jamaican Composite index rose 307.97 points to close at 82,920.75 and the JSE combined index gained 266.89 points to close at 77,063.23.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless saw trading in 100,000 units and put on 4 cents 50 cents, Desnoes & Geddes finished trading with 164,808 shares rising 5 cents to $4.70, Grace Kennedy closed with 188,553 shares as the price ended 49 cents higher at $61. Jamaica Producers finished trading with 328,071 shares as the price jumped 50 cents to $17.50. National Commercial Bank contributed 82,248 units and put on 10 cents to $18.50, Sagicor Group completed trading with 84,550 shares with the price rising 4 cents to $10, Scotia Group ended trading with 28,990 shares changing hands to close 1 cent at $20.01 and Seprod ended trading with 48,727 shares to end with an increase of 24 cents to $12.25.
Firm| The stock in the main market to close without a change in the last traded price is, Kingston Wharves which ended trading with 34,333 shares changing hands to close at $6.Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras closing with 213,281 units trading as the price slipped 5 cents to $36.15 and Mayberry Investments finished with 4,540 shares trading lower by 4 cents $1.45.
Preference| There was no activity in preference shares.
Kingston Properties’ bid $5.85 was $6.80 earlier
The market fell sharply on Thursday but the movement does not tell the true story of some of the positive developments taking place. At the close of trading, Kingston Properties was in strong demand with bids in to buy as high as $5.85, as well as a bid to buy 1 million units at $5.20.
Earlier in the week, the stock had a bid of $6.80 to purchase 200,000 and another of 1,000,000 shares at $6. IC Insider understands that there is interest to buy as high at $7. The net asset value of the stock is just over $12, well ahead of the last price of $4, the stock traded. There have been no stocks on offer for some time. The company reported earnings per share of 7 cents for the nine months to September but comprehensive income which includes foreign exchange gains on translation of the overseas subsidiary, brings the earnings to 70 cents. The company announced in June this year a program to buy back some shares.
Thursday’s activity on the Jamaica Stock Exchange fell below normal, with only 15 securities changing hands. Price movements were mostly negative with the prices of only 2 stocks rising and 8 declining. The total of all active stocks ended in 1,548,128 units trading, valued at $14,446,018, in all market segments.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator is showing a slight bias to the upside with 4 stocks having bids higher than their last selling prices and 2 stocks with offers that were lower.
Main Market| The JSE Market Index dropped 987.64 points to 75,036.71, the JSE All Jamaican Composite index fell 1,104.33 points to close at 82,612.78 and the JSE combined index gained declined by 983.77points to close at 76,796.34.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Carreras finishing with 9,761 shares changing hands at 4 cents higher to $36.20 and Proven Investments closed at 19 US cents by gaining 0.05 cents while trading 300,000 units.
Firm| The stocks in the main market to close without a change in the last traded prices are, Mayberry Investments ended with 15,940 shares trading at $1.49 and Sagicor Group completed trading with 57,353 shares changing hands to close at $9.96.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Caribbean Cement closed with 3,711 units trading as the price slipped 1 cent to $2.40, Desnoes & Geddes finished trading 102,207 shares trading 1 cent lower to $4.65, Jamaica Broilers ended with 169,738 shares while losing 1 cent to $4.05, National Commercial Bank concluded trading with 11,070 units and closed 10 cents lower at $18.40 and Scotia Group closed with 106,732 units as the price slipped 50 cents to $20.
Preference| Jamaica Money Market Brokers 8.75% preference share finished with 143,500 units changing hands to close unchanged at $3.
Bulls want to take over JSE
Wednesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 14 stocks rising and only 5 declining as 26 securities changed hands, ending in 7,178,648 units trading, valued at $38,478,576, in all market segments. Wednesday is the second day within less than a week, that the prices of more than 13 stocks rose, with only a few falling.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 3 stocks with bids higher than their last selling prices and 1 stock with a lower offer.
Main Market| The JSE Market Index gained 980.87 points to 76,024.35, the JSE All Jamaican Composite index rose 1,096.76 points to close at 83,717.11 and the JSE combined index gained 980.32 points to 77,780.11. The market indices rose higher during trading, than the levels they closed at, but settled back lower at the close.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless completed trading with 1,302,045 shares with the price rising 1 cent to 46 cents. Supply of the stock has fallen sharply since trading on Tuesday, now with only 12 offers to sell 6.5 million units, between 50 cents and $1 each. Caribbean Cement closed trading with 11,000 units and put on 1 cent to $2.41, Desnoes & Geddes concluded trading with 70,750 shares changing hands, with a gain of 1 cent to $4.66. Grace Kennedy ended with 20,239 units to close with a gain of 51 cents to $60.51, Jamaica Broilers finished trading with 228,433 shares, with the price rising by 1 cent to $4.06. Jamaica Producers contributed 155,000 units and put on $1.04 to $17, National Commercial Bank ended trading with 176,050 shares to end with an increase of 30 cents to $18.50, Scotia Group closed with trading in 977,666 shares, the price ended at 40 cents higher at $20.50 and Scotia Investments finished trading with 4,500 shares with a gain of 41 cents to $21.51.
Firm| The stocks in the main market to close without a change in the last traded prices are, Ciboney ending with 2,000 shares trading at 7 cents. Jamaica Money Market Brokers closed with 11,000 ordinary shares trading at $7, Kingston Wharves ended with 200 shares at $6 and Sagicor Group ended trading with 65,547 shares changing hands to close at $9.96.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Berger Paints closing with 30,350 units as the price slipped 9 cents to $1.51, a new 52 weeks’ low. Carreras finished with 68,034 shares trading lower by 84 cents to $36.16, Mayberry Investments ended with 1,224 shares with a loss of 3 cents to $1.49, Sagicor Real Estate Fund ended trading with 137,095 units and closed at 25 cents to $7 and Supreme Ventures closed with 2,000 units as the price slipped 5 cents to $1.90.
Preference| Jamaica Money Market Brokers 8.50% preference share traded 27,800 units to close at $3.50.