JSE enjoys big jump on Wednesday
Main market of the Jamaica Stock Exchange closed with moderate gains in the indices on Wednesday with trading volumes being light. Market activities close with 42 securities changing hands in all market segments of which 16 securities in the combined markets gained and 12 declined.
Five stocks closed at 52 weeks’ highs and one traded at intraday highs as 4,514,100 units valued at $80,222,876 changed hands in all markets. The junior market accounted for 920,944 units changed hands, valued at $5,787,289.
The JSE Market Index jumped sharply by 2,558.24 points to 162,031.07 the all Jamaica Composite Index closed with a big gain of 2,858.97 points to end at 180,035.15 and the JSE combined index rose 2,543.90 points to close at 173,056.95.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 14 stocks with bids higher than their last selling prices and 1 with a lower offer.
At the end of the market activities, Berger Paints lost 20 cents to end at $3.40 as 87,946 units traded, Cable and Wireless ended with 448,890 units changing hands to close with a gain of 3 cents at $1.60, Caribbean Cement jumped $3 to close at a 52 weeks’ high of $28, with 29,517 shares changing hands. Carreras traded 22,915 shares with a loss of 50 cents at $62, Ciboney traded 323,200 units at 27 cents, Gleaner traded 17,690 units with a loss of 2 cents at $2.58, Grace Kennedy dropped $2.69 and closed at $80.80, with 109,886 units changing hands. Jamaica Broilers jumped by $1.55 and closed at 52 weeks’ high of $15.55 with 120,624 shares changing hands, Jamaica Stock Exchange closed at $19.70 while trading 16,300 shares, JMMB Group traded 155,743 units to end at $11. Kingston Properties traded 79,853 shares but lost 24 cents to end at $6.80, Kingston Wharves traded 5,112 units to close with a gain of 1 cent at $11.14, Margaritaville Turks traded 73,000 shares at 11.05 US cents. National Commercial Bank traded with a fall of 75 cents to close at $41, with 59,120 units changing hands, Pan Jamaican Investment shed $4 with 100,100 units changing hands to close at $94, Radio Jamaica gained 80 cents to end at $5 while trading 21,945 shares. Sagicor Group closed at $23 with 7,704 units changing hands, Sagicor Real Estate Fund traded 52,946 shares at $11.60, Scotia Group had 179,497 shares changing hands to close with a gain of $1.50 at $32, Scotia Investments had 200,000 shares changing hands to close with a decline of $3.49 at $26.50. Seprod rose 50 cents to close at $20.50 with 109,692 units changing hands. Supreme Ventures closed at a 52 weeks’ closing high of $6.55 to record a gain of 6 cents with 64,920 units changing hands, the stock traded at an all-time high of $6.90 during the day, Proven Investments ordinary share lost 2 US cents in trading 1,244,550 units at 20 US cents and JMMB 7.5% preference share traded 137,308 units at $2.25.
Market activity picked up on Tuesday
Main market of the Jamaica Stock Exchange closed with moderate gains in the indices on Tuesday with trading volumes being light. Market activities picked up from the 33 securities that traded on Monday to close with 43 changing hands in all market segments of which 22 securities in the combined markets gained and 14 declined.
Eight stocks closed at 52 weeks’ highs and one traded at intraday highs as 4,319,632 units valued at $43,703,774 changed hands in all markets. The junior market accounted for 1,200,794 units changed hands, valued at $5,249,310.
The JSE Market Index advanced by 147.39 points to 159,472.83 the all Jamaica Composite Index closed with a gain of 164.72 points to end at 177,176.18 and the JSE combined index rose 175.31 points to close at 170,513.05.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 8 stocks with bids higher than their last selling prices and 2 with lower offers.
At the end of the market activities, Berger Paints gained 29 cents to end at $3.60 as 103,176 units traded, Cable and Wireless ended with 268,670 units changing hands to close with a gain of 1 cent at $1.57, Caribbean Cement rose $1 to close at $25, with 54,507 shares changing hands. Carreras traded 86,825 shares at $62.50, Gleaner traded 10,560 units with a loss of 7 cents at $2.60, Grace Kennedy jumped $1.49 and closed at $83.49, with 13,200 units changing hands. Jamaica Broilers rose by 49 cents and closed at 52 weeks’ high of $14 with 561,626 shares changing hands. Jamaica Producers lost $2 to end at $29 with 15,812 shares changing hands, Jamaica Stock Exchange gained 3 cents to close at $19.70 while trading 199,677 shares, JMMB Group traded 112,847 units to end with a rise of 28 cents at $11. Kingston Properties traded 79,853 shares but lost 24 cents to end at $6.80, Kingston Wharves traded 11,310 units to close with a fall of 1 cent at $11.14, Margaritaville Turks traded 27,000 shares at 11.05 US cents with a rise of 0.05 cents. Mayberry Investments traded 201,632 shares and fell 35 cents to close at $4.50. National Commercial Bank traded with a rise of $1.75 to close at $41.75, with 45,227 units changing hands, Pan Jamaican Investment gained $2 with 10,830 units changing hands to close at a 52 weeks’ high of $98, Pulse Investments gained 10 cents to end at $2.60 while trading 19,848 shares. Sagicor Group fell by 5 cents to close at $23 with 189,997 units changing hands, Sagicor Real Estate Fund traded 74,254 shares but the price rose 1 cent to $11.60, Scotia Group had 460,994 shares changing hands to close with a loss of $1.50 at $30.50, Seprod had 10,000 units changing hands at $20, for a rise of $1. Supreme Ventures closed at a 52 weeks’ high of $6.49 to record a gain of $1.49 with 223,971 units changing hands, the stock traded at an all-time high of $6.90 during the day. Proven Investments ordinary share traded 184,364 units at 22 US cents, JMMB 7.5% preference share traded 152,692 units at $2.25 after rising 15 cents and Proven Investments preference share traded 77,800 units at $5.
More decline for JSE on Friday
Trading levels on the Jamaica Stock Exchange continues to be buoyant with 40 securities changing hands on Friday in all market segments. At the close 17 securities in the combined markets gained and 15 declined.
Eight stocks closed at 52 weeks’ highs and 3 at intraday highs as 6,458,590 units valued at $100,762,294 changed hands in all markets, with the junior market accounting for 2,572,307 units that changed hands, valued at $13,732,252.
While all main market indices fell the declines were less than on Thursday, with the JSE Market Index dropping 1,351.93 points to 156,273.84, the all Jamaica Composite Index falling with 1,510.87 points to end at 173,601.12 and the JSE combined index diving 1,405.00 points to close at 167,824.05.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reached an elevated level indicating several rising prices ahead with reading of 19 stocks with bids higher than their last selling prices and only 3 with lower offers.
In trading, Barita Investments traded 134,925 shares and gained 50 cents to close at $4.40, Berger Paints closed at $3.75 as the price rose 55 cents with 18,500 units trading, Cable and Wireless ended with 257,600 units changing hands to close with a gain of 1 cent to $1.45. Caribbean Cement traded more orderly on Friday, than it did on Thursday when there were wild price swings and closed today with an increase of $2 to $24 with 4,884 shares trading. Carreras fell 5 cents to end at $60 with 60,210 units changing hands, Gleaner Company traded 7,400 shares to gain 30 cents to close at $2.70, Grace Kennedy closed at $80.21, with 20,240 units changing hands. Jamaica Broilers fell $1.51 to close at $11.50 with 256,650 shares changing hands. Jamaica Producers had 3,570 shares trading as the price rose by 10 cents to $32.30, Jamaica Stock Exchange gained $1 and closed at a 52 weeks’ high of $20 while trading 200,000 shares, JMMB Group traded 83,100 units to end with a loss of 18 cents at $11.77. Kingston Wharves traded 8,341 units to close at $11.15, Margaritaville Turks came into its own after reporting profits of US$518,134 in the six months to November last year versus $279,000 in 2014. The stock traded 1,128,920 units at 10.5 US cents each. Mayberry Investments traded 327,979 shares and lost 2 cents to end at $4.70, National Commercial Bank ended with a loss of 99 cents at $40.51 with 257,266 units changing hands, Pan Jamaican Investments fell 9 cents to close at $94.06 with 8,528 shares trading.
138 Student Living Jamaica traded 985 shares at a 52 weeks’ high of $5.10, after rising by 35 cents, Radio Jamaica gained 40 cents in trading 32,400 shares to close at a 52 weeks’ high of $6. Sagicor Group fell 65 cents to close at $22.80 with 365,894 units changing hands, Scotia Group dropped $4.90 with 346,798 shares changing hands to close at $30.09, Scotia Investments recovered the $3.10 it lost on Thursday to close at $29.90 after 18,469 units traded. Seprod dropped $2.49 with 83,600 shares trading and closed at $18.51, Supreme Ventures gained 4 cents to end at $4.70 with 70,820 units changing hands, Proven Investments ordinary share traded 40,730 units at 22 US cents, down from 22.99 US cents.
Jamaica Public Service 9.5% preference share traded for the first time in months, with 33,000 units valued at $39,633,000 changing hands to close at a 52 weeks’ high of $1,201, for an increase of $76 and Proven Investments 8% preference shares traded 100,000 units at $5.
JSE starts 2016 on a new high
At the close, 5,096,460 units valued at $149,875,337 changed hands in all markets with the junior market accounting for of 1,707,388 units, valued at $6,741,784. A total of 35 securities traded in all market segments, 17 of which in the combined markets gained and 8 declined. Five stocks traded at 52 weeks’ closing high and 2 at intraday 52 weeks’ high as investors continue to push prices higher.
The main market was facing resistance around the 165,000 points level, the on the all Jamaica composite index, now that it has crossed it and seems to be moving away. This level appears to be moving towards support for the market.
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 2 with lower offers.
In trading, Berger Paints ended with 85,100 shares trading at $3.15 for a loss of 5 cents, Cable and Wireless rose 8 cents with 212,690 units changing hands to close at $1.38, Caribbean Cement climbed 54 cents to end at $20.44, with 10,000 shares trading. Carreras closed at $60, with 2,261,300 units changing hands for 82 cents fall but not until after it traded at a new 52 weeks’ intraday high of $62, Gleaner Company traded 52,000 shares at $1.70 with a 40 cents increase. Grace Kennedy with 2,483 units changing hands finished $2.75 higher at $84, Jamaica Broilers rose 25 cents and closed at $10.50 with 124,677 shares changing hands, Jamaica Producers traded 1,000 shares to end at $32, after rising $1.32, Jamaica Stock Exchange gained 39 cents in trading 1,400 shares at $18.99, National Commercial Bank gained 50 cents to end at a 52 weeks’ high of $40.50, with 12,145 units changing hands. 138 Student Living had 260,933 units trading at a 52 weeks’ high of $4.60 after rising by 10 cents, Radio Jamaica had 51,000 shares trading with a gain of 42 cents to end at $4.08, Sagicor Group closed at $20 with 24,426 units changing hands, Scotia Group had 36,809 shares changing hands at $30.01. Seprod closed with a loss of 44 cents at $20.56 with 2,938 shares trading, Supreme Ventures ended at $4.66 with 208,363 units changing hands and Jamaica Money Market Brokers 7.25% preference share traded 26,000 units to gain 4 cents and ended at $2.06.