NCB closes at $25
Main Market| The JSE Market Index gained 507.16 points to 82,624.62, the JSE All Jamaican Composite index fell rose 567.03 points to close at 91,096.46 and the JSE combined index gained 594.16 points to close at 84,419.09.
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 5 with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Desnoes & Geddes in contributing 60,988 shares closed 35 cents higher to $5.50, National Commercial Bank closing with 65,060 shares changing hands $1.50 higher at $25, Supreme Ventures finishing trading with 87,600 shares, 3 cents up to $2.30
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless was the only ordinary stock to remained unchanged in price at the end of trading and closed with 103,000 shares changing hands at 50 cents
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Caribbean Cement finishing with 11,500 units to close lower by 5 cents at $2.26. Carreras closing with 4,000 units, the price slipped 36 cents to $43.15, Grace Kennedy finishing trading with 9,344 shares to close 54 cents lower at $60.52, Jamaica Broilers concluded trading with 88,276 shares and closed with a loss of 1 cent at $4, Jamaica Money Market Brokers in exchanging 306,475 units, ended with a decline of 1 cent to $7.10. Sagicor Group had dealing in 2,143,526 shares trading with a loss of 8 cents to $10.42, Scotia Group contributing 500 shares trading at 1 cent to close at $20.80 and Scotia Investments concluding trading with 1,200 shares and lost $4 less to close at $23.50.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 1,770,782 units and lost 4 cents to $3 and Jamaica Money Market Brokers 7.50% preference shares traded 489,374 units at $2.
Market falls as PanJam trades 24m shares
Main Market| The JSE Market Index dropped 1,695.24 points to 82,388.05, the JSE All Jamaican composite index dived 1,895.35 points to close at 90,831.96 and the JSE combined index sank by 1,641.84 points to close at 84,076.55.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows stocks with bids higher than their last selling prices and stocks with offers that were lower.
Gains| Stocks gaining with the last traded prices at the end of trading in the main market are, Jamaica Money Market Brokers finishing with 185,369 ordinary shares changing hands to close higher by 10 cents at $7, Mayberry Investments ending with 4,040 shares changing hands for 13 cents higher, to a new 52 weeks high of $2.49 and Sagicor Group closing with 448,460 shares trading 1 cent up to $10.31.
Firm| The stocks in the main market to close without a change in the last traded prices are, Berger Paints while exchanged 7,899 shares close at $1.55, there was dealing in 247,770 Cable & Wireless shares at 55 cents, Grace Kennedy had 3,288 shares changing hands $62 and Jamaica Producers closed with 25,000 shares to close at $17.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Caribbean Cement with 8,436 units to close lower by 1 cent at $2.31, Carreras finishing with 5,487 units as the price slipped 99 cents to $43.51, Desnoes & Geddes closed with 129,689 shares trading lower for 5 cents to $5.15. Jamaica Broilers concluding trading with 122,853 shares traded with a loss of 2 cents to $4.05, National Commercial Bank in trading 31,153 shares closed with a loss of $2 to $23.50, the stock closed on the Trinidad and Tobago Stock Exchange with a bid of $1.35 to buy 171,500 shares with no stock on offer. In Jamaica there are only 4 offers totalling 109,000 units between $25.50 and $33 with only one offer of significance at 103,873 at $30. Pan Jamaican Investment finished trading with 24,401,900 units to fall 80 cents to $53.20, there was dealing in 94,545 units in Scotia Group with a decline of $1.39 to end at $21 after the banking group issued first quarter results that were down from the previous year’s results. Seprod contributed 48,719 and lost $1.10 to $11.90 and Supreme Ventures concluded trading with 1,065,614 shares traded with a loss of 4 cents to $2.27.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 260,600 shares to end at $3.04, Jamaica Money Market Brokers 7.50% preference share traded 24,000 units to close at $2.
All Jamaica Index crosses 90,000
The JSE closed on Tuesday with sharp gains in the main market indices with the all Jamaica Composite closing over 90,000 points for the first time since July 2013.
Helping with the increase was gains in 11 stocks, mainly in Cable & Wireless, Desnoes & Geddes, National Commercial Bank, Scotia Investments, Supreme Ventures. Todays move puts the market just 1,500 points from crossing over the resistance level of 91,700 points on the all Jamaica index. Todays gains puts the main market year to date increase at 7.3 percent.
Trading remain slow on JSE – Tuesday
Trading was slow on the JSE on Tuesday up to 10:30. the major trade of note was the reaction of investors to the results and dividend announcement of Supreme Ventures of a strong increase in profits and a special dividend payment on top of an ordinary one.
Gleaner also traded up by 15 cents to $1.10. The market indices were up with the JSE index gaining 109.13 points the All Jamaica composite up 122 points and the junior up 0.33 points.
Profit up 92% spawns $817m SVL dividends
Supreme Ventures (SVL) will be making a surprise dividend payment to its shareholders in March and May. The company just announced a final ordinary dividend for the year ended December 2014 of 8 cents per share payable on March 21, 2015 to shareholders on record as at March 6. SVL also declared a special dividend of 23 cents per share to shareholders on record as at March 6, with 19 cents per share to be paid on March 21 and 4 cents per share payable on May 27, 2015. The stock will traded ex-dividend on March 4. The ex-dividend date for both dividends is March 4.
SVL paid dividends of 3 cents per share on January 8, last year as well as 3 cents in March, 9 cents in May, another 3 in September and 5 cents per stock on December 9, last year. The final regular dividend for 2014 brings the total relating to the 2014 profit to 19 cents per share or 54 percent of profits for the year. The total dividend payment just approved by the company totals 31 cents per share and is just short of the total profit for 2014 of 35.2 cents per share.
The company just reported full year results showing profit after tax rising by 93 percent to $930 million from revenues that climbed by 21 percent to $41.3 billion. The profit provided a decent return on equity of 24.2 percent. Earnings per share ended at 35 cents. The December quarter was a very good one for the company with revenues of $11.3 billion and profit after tax of $313 million more than half of the $617 million generated to September.
The company enjoyed cost reduction in several line items with professional fees being slashed the most falling $81 million to $239 million. Overall operating cost fell from $2.77 billion to $2.65 billion in 2014.
Credible as the gains in profit is for 2014, Management has lots more work ahead in cutting losses in sports betting amounting $194 million up from $130 million in 2013 and Gaming lounges losses of $461 million versus $556 million in 2013. For the December quarter gaming losses amounted to $85 million compared to an average of $126 million in the previous three quarters and sports betting contributed $46 million in losses for the final 2014 quarter. Without the losses in these two areas profit would have been much larger. IC Insider is forecasting profits for 2015 to be in the order of 45 cents per share.
At the end of the year the company had cash funds of $2.22 billion and the dividends amounts to $817 million will consume some of the cash on hand by time the payments are made later this month and in May.
JSE near 20 months’ high
Thursday’s activity on the Jamaica Stock Exchange, ended with big gains in the main market indices, as heavily weighted National Commercial Bank traded as high as $24, Desnoes & Geddes end at $5.50, Kingston Wharves closed up at $6.50 and Sagicor Group gained 10 cents. At the end, the prices of 8 stocks rose 5 declined as 21 securities changed hands, with 3,414,320 units trading, valued at $11,037,316, in all market segments.
Main Market| The JSE Market Index gained 922.34 points to 81,141.21, the JSE All Jamaican Composite index rose 1,031.22 points to close at 89,437.94, the highest since July 15, 2013 and the JSE combined index gained 841.81 points to close at 82,939.38.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 5 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower.
Firm| The stocks in the main market to close without a change in the last traded prices are, Gleaner ending with 2,007,266 units trading at 85 cents. Grace Kennedy finishing with 1,000 shares at $60.51, followed by 138 Student Living, closing with only 2,500 units at $4.40, Radio Jamaica ending with 1,200 shares changing hands to close at $1.35 and Scotia Group finishing with 20,450 shares trading at $21.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Berger Paints concluding trading with 49,151 shares changing hands, to close down by 2 cents at $1.55. Caribbean Cement closing with 20,172 units trading as the price slipped 25 cents to $2.60, Carreras ending trading with 17,074 shares trading lower by 45 cents to $44.05, National Commercial Bank in having 40,112 shares changing hands, closed 15 cents lower at $22 after trading at a new intraday 52 weeks’ high of $24.
JMMB crosses 5M of its shares
At the end of trading on the Jamaica Stock Exchange, the prices of 9 stocks rose, 5 declined as 27 securities changed hands, ending in 7,105,912 units trading, valued at $40,386,959, in all market segments.
Main Market| The JSE Market Index lost only 0.09 points to 79,880.66, the JSE All Jamaican Composite index declined by a mere 0.18 points to close at 88,028.58 and the JSE combined index gained 0.69 points to close at 81,799.97.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 7 stocks with bids higher than their last selling prices and 3 with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of the close in the main market are, Caribbean Cement finishing with 20,000 shares while gaining 24 cents to $2.85, Gleaner closing with 100 shares to gain 2 cents at 85 cents. Jamaica Money Market Brokers with 5,146,081 ordinary shares, gained 7 cents to $7, Kingston Wharves traded 850 shares with the price jumping 20 cents to $5.75. National Commercial Bank traded only 7,853 shares to end with an increase of 2 cents to a new 52 weeks’ closing high of $22.02 and Sagicor Group with 12,644 shares trading 6 cents higher to close at $10.31.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless ending trading with 311,206 units at 48 cents, Grace Kennedy closed with 9,728 units to end at $60, Jamaica Broilers concluding trading with 30,300 shares at $4.02, Sagicor Real Estate Fund ended trading 215 shares at $6.70.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Scotia Group closed with 13,433 shares trading lower by 20 cents to $20.80 and Supreme Ventures in trading 100 units, the price slipped 3 cents to $1.82.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 15,800 units to end with an increase of 1 cent to $3.04 and Proven Investments 8% preference share traded 135,400 units changing hands to close at $5.
7 stocks rise 4 declined on JSE
Thursday’s activity on the Jamaica Stock Exchange, resulted in the prices of 7 stocks rising, 4 declining as 22 securities changed hands, ending in 2,265,968 units trading, valued at $19,839,480, in all market segments.
Main Market| The JSE Market Index lost 387.09 points to 78,324.02, the JSE All Jamaican Composite index fell 432.78 points to close at 86,288.20 and the JSE combined index declined by 364.13 points to close at 80,354.39.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 5 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Berger Paints concluding trading with 3,349 shares while gaining 1 cent to $1.57, Caribbean Cement closing with 4,500 shares as the price jumped at 3 cents to $2.63, Desnoes & Geddes ended trading with 2,565 shares while gaining 8 cents to $5. Gleaner closing with 15,857 shares while gaining 2 cents to 83 cents, Mayberry Investments finished with 6,017 shares as the price jumped 1 cent to $1.97 and Scotia Group in trading 22,050 shares to end with an increase of 24 cents to $20.30.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless closing with 295,128 units, trading at 48 cents, Jamaica Broilers with 34,058 shares trading at $4, National Commercial Bank finishing with 30,750 units trading at $21. Pan Jamaican Investment ending with 100 shares changing hands at $53.50, Sagicor Group finishing with 1,519,267 units traded at $10.25, Sagicor Real Estate Fund ended trading with 4,470 shares at $6.80 and Scotia Investments closing with 4,000 units to close at $23.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras closing with 34,036 units 98 cents lower, at $42.02, Jamaica Money Market Brokers with 93,900 shares trading, closed 10 cents lower, at $6.80 and Supreme Ventures finishing with 8,500 units trading, the price slipped 15 cents to $1.85.
Preference| Jamaica Money Market Brokers 8.75% preference share closed with 50,000 shares changing hands to close $3.03 and Jamaica Money Market Brokers 7.50% preference share ending with 46,000 shares trading at $2.
11 stocks rise & 7 declined on JSE
Main Market| The JSE Market Index lost 136.27 points to 78,711.11, the JSE All Jamaican Composite index fell 152.35 points to close at 86,720.98 and the JSE combined index declined by 201.90 points to 80,718.52.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 7 stocks with bids higher than their last selling prices and 4 with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Caribbean Cement ending trading with 13,180 units to close 10 cents higher at $2.60, Desnoes & Geddes closing with 251,000 shares while gaining 2 cents to $4.92, Grace Kennedy closing with 45,000 shares as the price jumped 1 cent more to $60.01, Radio Jamaica finished with 218,254 shares while gaining 20 cents to $1.30, Scotia Investments in trading 400 shares while gaining 44 cents to $23 and Seprod in trading 6,781 shares to end with an increase of $1.04 to $13.
Firm| The stocks in the main market to close without a change in the last traded prices are, Jamaica Broilers had 561,990 shares trading at $4, Jamaica Money Market Brokers closed with 1,380 units trading at $6.90, Jamaica Stock Exchange finished with 32,800 shares trading at $2.15, Kingston Properties ending with 40,000 shares changing hands to close $7.50, Proven Investments ended trading with 1,310 units trading at 19 US cents, Sagicor Group closed with 79,372 shares changing hands at $10.25, Sagicor Real Estate Fund concluding trading with 5,880 units traded at $6.80, Supreme Ventures closing with 1,500 shares at $2.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless closed with 1,539,455 shares changing hands to close 5 cents to 48 cents, Carreras finished with 6,935 units trading as the price slipped $1.50 to $43, Kingston Wharves ended trading with 24,298 shares trading lower by 5 cents to $5.55, National Commercial Bank closing with 15,665 shares changing hands to close lower by $1 at $21 and Scotia Group closed with 17,958 units trading to end 9 cents lower at $20.06.
Preference| Jamaica Money Market Brokers 8.75% preference share traded, ending with 170,002 shares changing hands at $3.03.