17 new highs for JSE stocks on Thursday

Scotia Group was one of 17 stocks to close at a 52 weeks’ high on Thursday.

Bulls pushed the stock market hard on Thursday, with the all market indices surging to new record highs on the Jamaica Stock Exchange with 17 securities ending at new 52 weeks’ closing highs.
The market closed Thursday, as 48 securities changed hands in the overall market, ending with 26 stocks rising and 12 falling, including 16 stocks gaining and 3 declining, in the junior market.
The All Jamaica Composite Index surged 7,266.97 points to close at record 256,749.20, the JSE Market Index jumped 6,497.96 points to finish at record close of 227,455.97 and the JSE combined index climbed sharply by 6,919.27 points, to close at new closing high of 248,994.38. The movement of the main market, for the year to date, resulted to gains of 22.2 percent, for the all Jamaica Composite Index, with the JSE Market Index up 18.7 percent. The moves in the indices are subject to change as the stock exchange daily postings indicate that there are errors in the reports since the new trading system was activated on Monday.
At the close, 13,502,301 units valued at $265,917,085 changed hands, compared to $146,199,269 units valued at $265,917,085 changing hands on Wednesday. Of the stocks traded, the junior market accounted for 7,916,160 units valued at over $42,290,565.
The average trade for the day in the main market ended at 200,657 shares compared to an average of 355,210 units on Wednesday. For the month to date, an average of 188,419 shares traded compared to an average of 176,182 units up to the prior trading day. January ended with an average of 592,602 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks with bids higher than their last selling prices and 6 with lower offers.
In market activity, Berger Paints advanced $1.75 to a new 52 weeks’ high of $12, while trading 6,101 shares, Cable and Wireless lost 3 cents to close at $1.14 with trades of 273,176 units, Caribbean Cement closed at $32 with an exchange of 124,119 shares. Carreras traded 18,307 units, gaining 24 cents and closed at $66.99, Investors pushed 1834 Investments up by 16 cents to close at $1.86 in trading 28,194 shares, Grace Kennedy closed at $40, in losing 65 cents with trades of 33,486 units. Jamaica Broilers gained 25 cents with an exchange of 21,495 shares to close at 52 weeks’ high of $16.25, Jamaica Producers advanced $1.50 to close at 52 weeks’ high of $21 with 37,466 units changing hands, Jamaica Stock Exchange gained 60 cents to close at 52 weeks’ high of $10.60 with 21,813 shares traded. JMMB Group lost 1 cent to close at $19.99 with 61,718 units traded, Kingston Wharves closed at $30 with trades of 8,200 units, Mayberry Investments lost 10 cents to close at $5.80 with 251,786 shares changing hands,

Proven Investments traded at a new high on Thursday.

National Commercial Bank fell by $1, closing at $64 after swapping 425,055 shares. 138 Student Living traded 6,277 units at $4.50, Pan Jamaican advanced $1.02 trading 22,345 shares and closed at 52 weeks’ high of $35.02, Pulse Investments added 1 cent to close at $7.01 with 38,925 units changing hands. Radio Jamaica lost 10 cents and closed at $1.40 trading 806,081 units, after trading as high as $1.70, Sagicor Group gained $2, closing at a 52 weeks’ high of $35, with trades of 13,935 units, Sagicor Real Estate climbed to $10.50, by gaining 30 cents with an exchange of 2,438,682 units. Scotia Group ended trading with gains of $3.51 closed at a 52 weeks’ high of $47.51 having traded 206,153 shares, Scotia Investments closed at a 52 weeks’ high of $41.41 with gains of $5.41, after trading 60,100 units, Seprod closed at a 52 weeks’ high of $31 with trades of just 130 units. Supreme Ventures added 4 cents to close at $5.54 with 105,474 shares traded, Proven Investments traded 569,727 ordinary shares to close with a gain of 4 cents at a 52 weeks’ high of 35 US cents and JMMB Group 7.5 preference share closed at $2.06, a gain of 2 cents with 3,296 units exchanged.

26 JSE stocks rise & 11 fall – Wednesday

Jamaica Stock Exchange jumped to a 52 weeks’ high of $12 on Wednesday.

Stocks climbed more moderately on Wednesday to new record high on the Jamaica Stock Exchange than it did on Tuesday, in continuation of a comfortable ride to 265,000 points mark, the next area of potential major resistance for Jamaica’s main market.
The market closed Wednesday, as 49 securities changed hands in the overall market, ending with 26 stocks rising and 11 falling, including 16 stocks gaining and 3 declining, in the junior market while 14 securities ended at new 52 weeks’ closing highs.
The All Jamaica Composite Index gained 714.88 points to close at record 249,482.23, the JSE Market Index rose 639.22 points to finish at record close of 227,455.97 and the JSE combined index increased by 601.83 points, to close at new closing high of 242,075.11. The movement of the main market, for the year to date, resulted to gains of 18.5 percent, for the all Jamaica Composite Index, with the JSE Market Index up 18.7 percent. The moves in the indices are subject to change as the stock exchange daily postings indicate that there are errors in the reports since the new trading system was activated on Monday.
At the close, 20,631,314 units valued at $265,917,085 changed hands, compared to 10,455,555 units valued at $80,043,145 changing hands on Tuesday. Of the stocks traded, the junior market accounted for 11,553,647 units, valued at $90,755,608.
The average trade for the day in the main market ended at 355,210 shares compared to an average of 265,989 units on Tuesday. For the month to date, an average of 176,182 shares compared to an average of 188,966 units up to the prior trading day. January ended with an average of 592,602 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 12 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Barita Investments gained 20 cents to close at a 52 weeks’ high of $7.70 with trades of 5,000 units, Berger Paints slid $1.25 trading 12,851 shares to close at $10.25, Cable and Wireless traded 387,604 units, losing 2 cents to close at $1.17, Caribbean Cement closed at $32 with an exchange of 49,185 shares. Carreras traded 8,310 units, gaining 45 cents and closed at $66.75, investors pushed 1834 Investments 20 cents higher to close at $1.70 while trading 299,625 shares, Grace Kennedy closed at $40.65 with trades of 71,840 units. Jamaica Broilers advanced 50 cents trading 57,050 shares, to close at 52 weeks’ high of $16, Jamaica Producers gained $1, closing at a 52 weeks’ high of $19.50 with 83,700 units changing hands, Jamaica Stock Exchange jumped to a 52 weeks’ high of $12 for a gain of $4 with 700 shares traded. JMMB Group climbed $2.20 to close at a 52 weeks’ high of $20 with 2,713,535 units traded, Kingston Wharves fell to $30, losing $4 with trades of 6,829 units, Mayberry Investments exchanged 167,236 shares at $5.90, National Commercial Bank advanced $2.80, closing at $65, after swapping 11,046 shares.

Jamaica Broilers closed at a 52 weeks’ high on Wednesday

138 Student Living traded 5,400 units at $4.50, Pulse Investments lost 9 cents to close at $7 with 76,800 units changing hands. Radio Jamaica exchanged 469,076 units at $1.50, Sagicor Group gained $2 and closed at $33 with trades of 30,375 units, Sagicor Real Estate fund lost 3 cents to close at $10.20 with an exchange of 3,600,00 units and Scotia Group ended trading with a loss of $2 to close at $44, having traded 241,678 shares. Scotia Investments gained 50 cents, after trading 3,000 units and closed at a 52 weeks’ high of $36. Supreme Ventures lost 20 cents to close at $5.50 with 100,349 shares traded, Proven Investments traded 552,539 ordinary shares to close at 31 US cents, after trading at a 52 weeks’ intraday high of 35 US cents, JMMB Group 7.5% preference share, closed at $1.10 with 90,600 units being exchanged and JPS 9.5 preference share traded 33,242 units at $1,276.50 after falling by $6.50.

JSE blast past resistance on Tuesday

Stocks jump to new records in trading on Tuesday with the All Jamaica Composite Index blasting pass resistance around the 243,000 level in decisive fashion. The market should have a comfortable rise to 265,000 points mark, the next area of resistance.
The market closed on Tuesday, as 51 securities changed hands in the overall market, ending with 27 stocks rising and 13 falling, including 11 stocks gaining and 7 declining, in the junior market while 9 securities ended at new 52 weeks’ closing highs.
The All Jamaica Composite Index jumped 5,829.59 points to close at record 248,767.35, the JSE Market Index climbed 5,212.68 points to finish at record close of 226,816.75 and the JSE combined index shot up by 5,336.51 points, to close at new closing high of 241,473.28. The movement of the main market, for the year to date, resulted to gains of 18.4 percent, for the all Jamaica Composite Index, with the JSE Market Index up 18 percent.

PanJam Investment jumped $3 in trading on Tuesday..

At the close, 10,455,555 units valued at $80,043,145 changed hands, compared to 4,099,498 units valued at $80,043,145 changing hands on Monday. Of the stocks traded, the junior market accounted for 1,530,168 units, valued at $11,104,756.
The average trade for the day in the main market ended at 176,182 shares compared to an average of 188,966 units on Friday. For the month to date, an average of 176,769 shares traded, versus an average of units 250,588 units up to the prior trading day. January ended with an average of 592,602 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 10 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Berger Paints gained 10 cents to close at $11.50 trading 131,209 shares, Cable and Wireless traded 3,845,588 units, adding 4 cents to close at $1.19, Caribbean Cement lost $1 to close at $32 with an exchange of 21,613 shares. Carreras traded 576,857 units, losing 45 cents and closed at $66.30, while 1834 Investments traded 125,543 shares, gaining 5 cents to close at $1.50, Grace Kennedy added 1 cent, closing at $40.65 with trades of 129,462 units. Jamaica Broilers gained 2 cents trading 597,464 shares to close at $15.50, Jamaica Producers traded 107,150 units, losing 50 cents to close at $18.50, Jamaica Stock Exchange closed at $8 for a gain of $1.79 with 1,600 shares changing hands, JMMB Group dropped 19 cents to close at $17.80 with 3,888 units traded. Kingston Properties exchanged 1,500 shares at $10, Kingston Wharves closed at $34, gaining $1 with trades of 4,050 units, Mayberry Investments exchanged 20,400 shares with gains of 5 cents to close at $5.90, National Commercial Bank declined $2.70 in closing at $62.20, after swapping 22,435 shares. 138 Student Living traded 10,765 units at $4.50, Pan Jamaican gained $3 to close at $34 with 12,850 shares traded, Portland JSX closed at $10 after trading 500 units, Pulse Investments closed at $7.09 with 10,000 units changing hands. Radio Jamaica gained 20 cents, closing at $1.50 with 154,800 shares changing hands, Sagicor Group traded 20,442 units at $31, Sagicor Real Estate fund gained 3 cents and closed at $10.23 with an exchange of 907 units, Salada rose $1.25 in trading 20,000 shares at $9.25. Scotia Group ended trading with gains of $1.01 to close at $46, having traded 88,515 shares, Scotia Investments gained 43 cents, after trading 7,135 units and closed at a 52 weeks’ high of $35.50, Sterling added 5 cents to close at $15.65 with trades of 500 units. Supreme Ventures closed at $5.70, for a gain of 15 cents with 66,814 shares traded, JMMB 7.25 closed at $1.50, with 430 units exchanged and JMMB Group 7.5% preference share traded 2,650 units at $1.10.

New trading platform slows trading – Monday

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Scotia climbs $4.99
on Monday to close at $44.99.

The stock markets in Jamaica, Trinidad and Barbados switch over trading to a new electronic trading platform on Monday and seem to have negatively affected trading levels in Jamaica as brokers get comfortable with it, even as the South African developers have staff in Kingston trying to resolve issues on the spot.
The end result is that trading reports were late and included errors some of which were sorted out and some have not. The market closed on Monday, as 42 securities changed hands in the overall market, ending with 19 stocks rising and 8 falling, including 6 stocks gaining and 2 declining, in the junior market while 5 securities ended at new 52 weeks’ closing highs.
All major market indices rose moderately compared with the sharp increase for the past 7 trading days. The all All Jamaica Composite Index jumping 2,645.20 points to close at record 242,937.76, the JSE Market Index climbed 2,365.27 points to finish at record close of 221,604.07 and the JSE combined index grew 2,425.63 points, to close at new closing high of 236,136.77. The movement of the main market, for the year to date, resulted to gains of 15.6 percent, for the all Jamaica Composite Index.
At the close, 4,099,498 units valued at $80,043,145 changed hands, compared to 7,100,472 units valued at $124,253,097 changing hands on Friday. Of the stocks traded, the junior market accounted for 1,530,168 units, valued at $11,104,756.
The average trade for the day in the main market ended at 104,123 shares compared to an average of 198,939 units on Friday. For the month to date, an average of 177,355 shares traded, versus an average of units 250,588 units up to the prior trading day. January ended with an average of 592,602 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Barita Investments traded 20,000 units at $7.50, Berger Paints advanced 33 cents to close at $11.40 with trades of 9,610 shares, Cable and Wireless traded 967,561 units at $1.15, Caribbean Cement lost 1 cent to close at $33 with an exchange of 17,621 shares. Carreras gained 75 cents and closed at $66.75 with 20,627 units changing hands, Grace Kennedy added 14 cents, closing at $40.64 with trades of 28,845 units. Jamaica Broilers lost 2 cents trading 4,414 shares to close at $15.48, Jamaica Producers traded 99,258 units, rising $1 to end at a 52 weeks’ closing high of $19, Jamaica Stock Exchange closed at $6.21, and a gain of 61 cents with 20,000 shares changing hands, JMMB Group gained 49 cents, to close at 52 weeks’ closing high of $17.99 with 87,666 units traded. Kingston Properties exchanged 9,400 shares at $10 for a gain of 50 cents, Kingston Wharves closed at $33 with trades of 9,017 units, National Commercial Bank closed at $64.90, after swapping 23,719 shares. [Read more…]

33 Jamaican stocks rose on Friday

Jamaica Producers rose $1 to new record high of $18.

The Jamaica Stock Exchange enjoyed a day of modest gains on Friday, as 52 securities changed hands in the overall market, ending with 33 stocks rising and 10 falling, including 19 stocks gaining and 2 declining, in the junior market while 14 securities ended at new 52 weeks’ closing highs.
All major market indices rose moderately compared with the sharp increase for the past 7 trading days. The all All Jamaica Composite Index gaining 253.10 points to close at 240,292.56, the JSE Market Index climbed 226.32 points to finish at 219,238.80 and the JSE combined index grew 897.61 points, to close at 233,711.14. The movement of the main market, for the year to date, resulted to gains of 14.3 percent, for the all Jamaica Composite Index.
At the close, 7,100,472 units valued at $124,253,097 changed hands, compared to 10,580,009 units valued at $124,588,506 changing hands on Thursday. Of the stocks traded, the junior market accounted for 1,530,168 units, valued at $11,104,756.
The average trade for the day in the main market ended at 198,939 shares compared to an average of 324,708 units on Thursday. For the month to date, an average of 250,588 shares traded, versus an average of units 302,236 units up to the prior trading day. January ended with an average of 592,602 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Barita Investments gained 80 cents to close at a 52 weeks’ high of $7.50, with 35,000 units changing hands, Berger Paints lost 13 cents to close at $11.07 with trades of 28,948 shares, Cable and Wireless traded 289,624 units at $1.15, Caribbean Cement declined 49 cents in closing at $33.01 with an exchange of 52,713 shares. Carreras slid 75 cents to $66 with 364,096 units changing hands, 1834 Investments traded 10,000 shares at $1.40, Grace Kennedy advanced 51 cents to $40.50 trading 120,777 units. Jamaica Broilers added 1 cent to close at $15.50 with an exchange of 25,069 shares, Jamaica Producers traded 28,163 units, rising $1 to end at a 52 weeks’ closing high of $18, JMMB Group gained 50 cents to close at a 52 weeks’ high of $17.50 with 41,805 units traded. Kingston Properties exchanged 10,000 shares at $9.50, Kingston Wharves added 1 cent to end at $33 with trades of 28,964 units, Margaritaville Turks, traded 52,250 units, adding 4 cents to close at a 52 weeks’ high of 33 US cents, National Commercial Bank recovered $3.88 to close at $64.90, after swapping 28,057 shares. 138 Student Living closed trading with an exchange of 9,205 units at $4.50, Pan Jamaican gained 95 cents to close at $30 with 95,450 shares traded, Portland JSX advanced 90 cents, closing at $10 after trading 4,800 units, Pulse Investments gained 78 cents to close at a 52 weeks’ high of $7.10, trading 17,000 units. Radio Jamaica closed at $1.36, gaining 16 cents trading 105,008 shares, Sagicor Group lost 50 cents to close at $32.50 with 32,656 shares changing hands, Sagicor Real Estate fund closed at $10.20 for a loss of 30 cents with trades of 3,002,738 units, Scotia Group ended trading with a loss of $1 to close at $40, having traded 777,834 shares. Scotia Investments lost 50 cents, after trading 12,000 units and closed at $35, Supreme Ventures gained 20 cents with 23,824 shares traded and closed at $5.70, Proven Investments traded 194,000 ordinary shares, adding 3 cents to close at a 52 weeks high of 29 US cents and JMMB Group 7.5% preference share traded 177,438 units at $1.10.

Big gains for Jamaican stocks on Thursday

Scotia Investments climbed $3.50 on Thursday.

The Jamaica Stock Exchange enjoyed another day of big gains on Thursday, as 50 securities changed hands in the overall market and ended with 29 stocks rising and 15 falling, including 12 stocks gaining and 2 declining, in the junior market.
At the close 12 securities ended at new 52 weeks’ closing highs and 2 trading at an intraday high.
All major market indices jumped sharply, with the all All Jamaica Composite Index surging 4,106.35 points to close at 240,039.46, the JSE Market Index climbed sharply by 3,671.80 points to finish at 219,012.48 and the JSE combined index jumped 3,678.17 points, to close at 232,813.53. The movement of the main market, for the year to date, resulted to gains of 14.2 percent, for the all Jamaica Composite Index.
At the close, 10,945,066 units valued at $124,588,506 changed hands, compared to 10,945,066 units valued at $162,330,186 changing hands on Wednesday. Of the stocks traded, the junior market accounted for 1,812,887 units, valued at $10,370,371.
The average trade for the day in the main market ended at 324,708 shares compared to an average of 279,763 units on Wednesday. For the month to date, an average of 302,236 shares traded January ended with an average of 592,602 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 16 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Barita Investments advanced 20 cents closing at $6.70 with an exchange of 38,000 units, Berger Paints gained 15 cents and closed at $11.20 after trading 105,286 shares, Cable and Wireless traded 293,400 units at $1.15, Caribbean Cement closed at $33.50 with gains of 48 cents and an exchange of 20,878 shares. Carreras climbed $4.25 to close at $66.75 with 21,827 units changing hands, 1834 Investments lost 5 cents to close at $1.40 after trading 31,400 shares and Grace Kennedy had 58,434 units trading at $39.99, for a loss of 1 cent. Jamaica Broilers gained 19 cents to close at $15.49 with 27,420 shares changing hands, Jamaica Producers traded 2,082,451 shares, rising $2 to end at a 52 weeks’ closing high of $17, Jamaica Stock Exchange closed at $5.60 trading 4,459,763 shares, JMMB Group gained 11 cents to close at $17 with 294,827 units traded. Kingston Properties exchanged 19,600 shares at $9.50 for a gain of $1, Kingston Wharves ended at $32.99 and trades of 21,578 units, Margaritaville Turks traded 10,000 units, gaining 2 cents to close at 29 US cents, Mayberry Investments gained 45 cents, closing at a 52 weeks’ high of $5.95 with 9,310 shares changing hands. National Commercial Bank dropped $3.97 to close at $61.02, after swapping 507,192 shares, 138 Student Living closed trading with an exchange of 15,000 units at $4.50, Pan Jamaican lost $1.45 and closed at $29.05 with 33,000 shares traded, Pulse Investments gained 32 cents to close at a 52 weeks’ high of $6.32 in trading 12,850 units. Radio Jamaica lost 10 cents to close at $1.20 with 242,445 shares traded, Sagicor Group advanced $2.90 to a 52 weeks’ high of $33 with 33,429 shares changing hands, Sagicor Real Estate Fund gained 28 cents in closing at $10.50 while trading 41,740 units. Scotia Group ended trading with gains of $2.39, to close at a 52 weeks’ closing high of $41, with trades of 16,967 shares, Scotia Investments climbed $3.50 after trading 47,325 units and closed at a 52 weeks’ high of $35.50, Supreme Ventures gained 20 cents with 75,000 shares traded, to close at $5.50. Proven Investments traded 160,000 ordinary shares, adding 2 cents to close at a 52 weeks high of 26.01 US cents and JMMB Group 7.5% preference share traded 88,000 units at $1.10.

NCB & Scotia push Jamaican stocks hard

NCB jumped to a record high of $65 during trading on Wednesday.

Continued strong gains of National Commercial Bank and lesser gains in Scotia Group exerted upward pressure on stocks values, on the Jamaica Stock Exchange on Tuesday as 50 securities changed hands, 7 more than on Monday, both stocks traded at record prices during the day.
Overall market activity, ended with 22 stocks rising and 14 falling, including 12 stocks rising and 2 falling, in the junior market. At the close 4 securities ended at new 52 weeks’ closing highs and 6 trading at an intraday high while one traded, at an intraday 52 weeks’ low.
All major market indices jumped sharply, with the all All Jamaica Composite Index surging 3,907.49 points to close at 235,933.11, the JSE Market Index climbed sharply by 3,493.98 points to finish at 215,340.68 and the JSE combined index jumped 3,495.03 points, to close at 229,135.36. The movement of the main market, for the year to date, resulted to gains of 12.3 percent, for the all Jamaica Composite Index.
At the close, 10,945,066 units valued at $162,330,186 changed hands, compared to 15,833,084 units valued at $518,190,757 changing hands on Tuesday. Of the stocks traded, the junior market accounted for 2,831,925 units valued at $14,341,956.
The average trade for the day in the main market ended at 279,763 shares compared to an average of 384,180 units on Tuesday. January ended with an average of 592,602 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 17 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Barita Investments gained 50 cents to close at $6.50 with 47,891 units changing hands, Berger Paints declined 45 cents and closing at $11.05 after trading 26,638 shares, Cable and Wireless lost 4 cents trading 513,643 units at $1.15, Caribbean Cement closed at $33.02 with an exchange of 26,700 shares. Carreras closed lower at $62.50, losing $4.25 with 569,635 units changing hands, the stock traded at a 52 weeks’ low of $60, earlier in the day, 1834 Investments lost 5 cents to close at $1.45 after trading 26,648 shares, Grace Kennedy had 18,034 units trading at $40, for a loss of 50 cents. Jamaica Broilers lost 10 cents to close at $15.30 with 78,129 shares changing hands, Jamaica Producers traded 51,690 shares, rising $1.50 to end at a 52 weeks’ closing high of $15, Jamaica Stock Exchange closed at $5.60 trading 573,360 shares, JMMB Group closed at $16.89, with a loss of 1 cent as 129,066 units traded. Kingston Wharves lost $1, ending at $32.99 and trades of 2,112 units, Margaritaville traded 52,619 shares at 27 US cents, Mayberry Investments gained 35 cents to close at $5.50 with 508,060 shares exchanged, after trading at an intraday high of $5.75, National Commercial Bank rose to a 52 weeks’ closing high of $64.99, after gaining $3.49 and swapping 76,727 shares.
Pan Jamaican lost 50 cents and closed at $30.50 with 20,195 units exchanged, Portland JSX traded 7,500 units with gains of 10 cents to close at $9.10, Pulse Investments gained 5 cents to close at $6 in trading 15,750 units, Radio Jamaica closed at $1.30 with 84,170 shares traded. Sagicor Group closed with 55,950 shares changing hands with a loss of 40 cents at $30.10 after it traded earlier at an intraday high of $31, Sagicor Real Estate fund gained 22 cents, closing at $10.22 and trading 14,328 units, Scotia Group ended trading at $38.61, gaining 61 cents with 771,110 shares changing hands. Scotia traded at an intraday high of $40. Scotia Investments also traded at an intraday 52 weeks’ high of $34.94 but closed trading with 980,950 units while losing $1.02, to close at $32, Sterling Investments closed at $15.60 with trades of 70,850 units, Supreme Ventures gained 20 cents after trading 1,790,979 shares to close at $5.30, Proven Investments traded 500,825 ordinary shares, adding 1 cent to close at a 52 weeks; high of 24 US cents and JMMB Group 7.5% preference share traded 1,090,382 units at $1.10.

Stock stampede slows in Jamaica

NCB hits a new high of $63.20 on Tuesday in trading on the JSE.

Stock broker, NCB Capital Markets crossed 7,280,711 National Commercial Bank at $61.50, pushing the value of trading by nearly $448 million while Cable & Wireless chipped in with 4,711,717 shares valued at $5.6 million.
At the close, 15,833,084 units valued at $518,190,757 changed hands, compared to 12,789,852 units valued at $79,186,131 changing hands on Monday. Of the stocks traded, the junior market accounted for 1,610,629 units valued at $10,783,120.
At the close the all All Jamaica Composite Index rose 1,972.56 points to close at 232,026.62, the JSE Market Index rose 1,763.82 points to finish at 211,846.70 and the JSE combined index climbed 1,722.77 points, to close at 225,640.33.
The movement of the main market in the last 4 trading days, lifted the gains to 10 percent for January, after starting the year with moderate gains of 2.7 percent, up to Wednesday last week.
The market closed with 43 securities changing hands, with 18 stocks rising and 15 falling in the overall market, including 7 stocks rising and 9 falling, in the junior market. At the close 5 securities ended at new 52 weeks’ closing highs.
The average trade for the day in the main market ended at 592,602 shares compared to an average of 384,180 units traded on Monday. For the month to date, an average of 149,740 shares compared to an average of 111,605 units on the previous trading day. The average for the month of December ended at 549,379 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 16 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Barita closed at $6 with gains of 25 cents and 1,000 units changing hands, Berger Paints climbed higher by $1.04 to a 52 weeks’ closing high of $11.50, after trading 40,917 shares, Cable and Wireless lost 1 cent with 4,711,717 units being exchanged at $1.19, Caribbean Cement closed at $33.02, losing 49 cents as 46,128 units traded. Carreras closed at $66.75 with 291,409 units changing hands, 1834 Investments gained 16 cents to close at $1.50 after trading just 1,000 shares, Grace Kennedy had 34,709 units trading to close at $40.50, Jamaica Broilers gained 20 cents and closed at $15.40 with 16,118 shares changing hands. Jamaica Producers traded 309,026 shares, rising 44 cents to end at a 52 weeks’ closing high of $13.50, after trading as high as $15 in early trading, Jamaica Stock Exchange closed at $5.60 having traded 69,397 shares, JMMB Group closed at $16.90 with 129,575 units traded. Kingston Wharves advanced 99 cents, ending at $33.99 and trades of 45,268 units, Mayberry Investments traded 12,219 shares with gains of 15 cents to close at $5.15, National Commercial Bank rose to a 52 weeks’ closing high of $61.50, after gaining $1.50 after and swapping 7,498,281 shares, NCB traded as high as $63.20 in the morning session. Pan Jamaican gained $1 and closed at a 52 weeks’ closing high of $31 with 90,681 units being exchanged, Pulse Investments traded 8,000 units, losing 5 cents to close at $5.95, Radio Jamaica lost 5 cents, closing at $1.30 with 73,828 shares traded, Sagicor Group closed with 22,947 shares changing hands with a gain of 50 cents at $30.50. Sagicor Real Estate fund traded 49,769 units and closed at $10, Scotia Group ended trading at $38, losing $1 with 30,863 shares changing hands. Scotia Investments traded 3,849 units, gaining 2 cents to close at $33.02, Sterling Investments closed at $15.60 with trades of 23,000 units, Supreme Ventures lost 11 cents after trading 700,304 shares to close at $5.10 and Proven Investments traded 12,450 ordinary shares and closed at 23 US cents.

Bulls stampeding Jamaican stocks

Stock prices followed Friday’s surge on the main market of the Jamaica Stock Exchange on Monday, moving the market higher, with gains of 9.5 percent for the year to date, after the main market started the year with moderate gains.
The movement over the past three trading days has brought the gains in the market in line with the junior market that previously had gains that were 3 times that of the Jamaica Stock Exchange main market.
At the close, the all All Jamaica Composite Index leapt 3,931.57 points to close at 230,053.06, the JSE Market Index surged 3,515.51 points to finish at 210,082.88 and the JSE combined index climbed sharply by 3,283.99 points, to close at 223,917.56.
Trading resulted in 12,789,852 units valued at $79,186,131 changing hands, compared to 2,882,798 units valued at $55,189,818 changing hands on Friday. Of the stocks traded, the junior market accounted for 426,481 units valued at $2,702,243.
The market closed with 42 securities changing hands, with 24 stocks rising and 9 falling in the overall market, including 10 stocks rising and 2 falling, in the junior market. A total of 8 securities ended at new 52 weeks’ closing highs.
The average trade for the day in the main market ended at 149,740 shares compared to an average of 111,605 units traded on Friday. For the month to date, an average of 175,757 shares compared to an average of 201,775 units on the previous trading day. The average for the month of December ended at 549,379 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator was at its highest level with reading shows 26 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Berger Paints traded at an intraday 52 weeks’ high of $10.56 but declined by 5 cents in closing at $10.46 after trading 10,000 shares, Cable and Wireless closed with 221,233 units changing hands at $1.20, Caribbean Cement lost 39 cents and traded 39,262 shares to close at $33.51. Carreras closed at $66.75, gaining 5 cents with 8,652 shares changing hands, Grace Kennedy had 32,126 units trading to close at $40.50, after losing 14 cents, Jamaica Broilers gained 7 cents and closed at $15.20 with 11,700 shares changing hands. Jamaica Producers traded 7,647 shares, rising 56 cents to end a new closing high of $13.06, Jamaica Stock Exchange closed at $5.60 having traded 178,916 shares, JMMB Group climbed to a 52 weeks’ closing high of $16.90 with gains of 90 cents and 8,633 units trade. Kingston Wharves retreated slightly from the rarefied heights to end trading 4,625 units and losing $1, to close at $33, Mayberry Investments traded 1,020 shares with a loss of 25 cents to close at $5, National Commercial Bank climbed higher at a 52 weeks’ high of $60, gaining $2 after swapping 61,840 shares. Pan Jamaican gained 10 cents and closed at $30 with 27,659 units being exchanged, Portland JSX closed at $9 with 10,000 units trading. Pulse Investments traded 12,500 units, gaining 83 cents to close at a 52 weeks’ high of $6.00, Radio Jamaica rose 5 cents, closing at $1.35 with 27,693 shares traded, Sagicor Group closed with 112,763 shares changing hands with a gain of 99 cents at $30. Sagicor Real Estate fund traded 12,627 units and closed at $10, Salada closed at $8 having traded 148,787 shares, Scotia Group ended with 9,771 shares changing hands at $39. Scotia Investments traded 14,891 units, losing 49 cents to close at $33, Sterling Investments lost 15 cents to close at $15.60 after trading 124,700 units, Supreme Ventures traded 11,259,836 shares and closed at $5.21 and Proven Investments traded 15,300 ordinary shares to close at 23 US cents.

Stocks on fire in Kingston

Bulls pushing Jamaican stock to new highs almost daily for 2017.

Prices surged on the main market of the Jamaica Stock Exchange on Friday resulted in the daily highest points gain in history of the market.
The huge move was the result mainly of sharp gains in the prices of National Commercial Bank, Scotia Group, Kingston Wharves, Jamaica Producers Group. It was a day when both the main market of the Jamaica Stock Exchange and the junior market closed at record levels as the bull market which had its genesis in late 2014, continues to build momentum with the supply of stocks on the wane, while demand builds.
At the close, the All Jamaica Composite Index jumped sharply by 9,082.60 points, to close at 226,121.49, the JSE Market Index surged 8,121.44 points to finish at 206,567.37 and the JSE combined index climbed 7,716.24 points to close at 220,633.57.
For the consecutive trading day, volume going through the market was moderate, with less than $100 million of trading. At the close, 2,882,798 units valued at $55,189,818 changed hands, compared to 3,687,829 units valued at $80,933,897 changing hands on Thursday. Of the stocks traded, the junior market accounted for 204,282 units valued at $1,106,948.
The market closed with 42 securities changing hands, with 24 stocks rising and 9 falling in the overall market, including 10 stocks rising and 2 falling, in the junior market. A total of 8 securities ended at new 52 weeks’ closing highs.
The average trade for the day in the main market, ended at 111,605 shares, compared to an average of 116,490 units traded on Thursday. For the month to date, an average of 201,775 shares traded compared to an average of 291,945 units on the previous trading day. The average for the month of December ended at 549,379 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 21 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Berger Paints gained just 1 cent to end a new closing high at $10.51 while trading 11,500 shares, Cable and Wireless ended with 137,034 units at $1.20, after rising 2 cents, Caribbean Cement dropped $2.60 in trading 79,400 shares in closing at $33.90. Carreras closed at $66.70 with 26,859 shares changing hands, 1834 Investments gained 4 cents in trading 2,419 units at $1.34, Grace Kennedy had 6,092 units trading to close at $40.64, after declining 1 cent, Jamaica Broilers rose 13 cents and closed at $15.13 with 4,787 shares changing hands. Jamaica Producers traded 27,986 shares after rising by $1 to end at a new high of $12.50, Jamaica Stock Exchange rose 10 cents to close at $5.60, having traded 127,613 shares, JMMB Group jumped to a new closing 52 weeks’ high of $16 in trading 27,146 units, after rising by 50 cents. Kingston Wharves jumped sharply by $6.25, to end trading with 6,500 units and closed at 52 weeks’ high of $34, Mayberry Investments traded 500,000 shares with gains of 25 cents, to close at $5.25, National Commercial Bank surged $5.98 to close at an all-time high of $58 after swapping 38,550 shares. 138 Student Living traded 100,000 units at $4.50, Pan Jamaican shed 10 cents and closed at $29.90, with 765,562 units traded, Portland JSX closed at $9 while trading 6,000 units, Pulse Investments traded 42,700 units, falling 13 cents to close at $5.17 after it traded at an intraday high of $5.65. Radio Jamaica lost 5 cents, closing at $1.30 with 35,778 shares traded, Sagicor Group closed with 8,935 shares changing hands, with a fall of 99 cents to $19.01, Sagicor Real Estate Fund gained 50 cents in trading 9,333 units and closed at $10. Scotia Group, with 470,682 shares changing hands jumped $2.89 cents to a 52 weeks’ closing high of $39. Supreme Ventures gained 11 cents in trading 39,240 shares to close at $5.21 and JMMB Group 7.50% preference shares traded 200,000 units to close at $1.10.