After clearing the near 11 year record high set back in January 2005 on Monday on Jamaica Stock Exchange bulls continued their rampage and pushed the market on Tuesday to a new record high of 143,154 points after adding 2,959.73 points on the all Jamaica Composite Index.
A total of 24 stocks rose, 10 declined as 40 securities, totalling 6,809,889 units valued at $47,476,253 changed hands, in all market segments. A total of 12 stocks ended at 52 weeks’ closing highs and 3 traded at 52 weeks’ intraday high. The JSE Market Index shot up 2,648.39 points to 129,029.81, a new closing high. JSE combined index climbed 2,323.43, points to end at a new closing high of 133,399.90.
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 12 stocks with bids higher than their last selling prices and 2 with offers that were lower.
In trading, Berger Paints traded 15,000 shares and gained 40 cents to close at $3.40 for a 52 weeks’ high, Cable and Wireless closed with a gain of 24 cents as with 338,626 shares changed hands to end at 52 weeks’ high of $1.26. The stock closed 76,499 units on the bid at $1.27 and with over 2,168,716 million shares on the bid at $1.26. Caribbean Cement gained $1 to end at $18.50 for a new 52 weeks’ closing high, with 193,583 shares changing hands.
Cement closed with seven lots being offered amounting to just over 400,000 shares between $18.50 and $24. Carreras ended at 52 weeks’ high with 5,000 share trading at $53 after adding 98 cents, Ciboney Group traded 200,000 shares to end at 9 cents after gaining 1 cent. Desnoes & Geddes had 451,515 units changing hands to close at $30, Grace Kennedy exchanged 1,200 shares at $67.50 to close at a new 52 weeks High as the price gained $2.40, Jamaica Broilers traded 162,859 shares to close at $8.01. JMMB Group lost 45 cents in trading 115,050 shares to close at $9.75, Mayberry Investments traded 49,431 shares and gained 31 cents to end at a 52 weeks high of $3.81, National Commercial Bank rose 12 cents to end with 73,630 shares trading at $31.50. Pan Jamaican price traded 12,771 shares to end at $80, Pulse Investments traded 118,971 and close at 5 by gaining 4 cents, Sagicor Group lost 20 cents with 68,757 shares trading to close at $14.30.
Sagicor Real Estate Fund traded 25,000 units as the price gained 80 cents to close at $10 for a 52 weeks’ high. Scotia Group ended with 125,411 shares trading closed at $26.50 after rising by 50 cents, Seprod traded 31,400 shares at $14.96, Sterling Investments traded 216,400 shares to close at $13, Supreme Ventures ended at $3.90 with 808,203 units changing hands and lost 10 cents. Jamaica Money Market Brokers 8.75% preference share, had 100,000 units changing hands at $2.70 and Proven Investments 8% preference share closed with a loss of 10 cents as 120,500 units traded to end at $4.95.
All Jamaica at record high 140,195 points
Cable & Wireless HQ – the stock traded at a new 52 weeks’ high on Thursday, Friday and Monday
The Jamaica Stock Exchange closed on Monday at a record high of 140,194.65 points after adding 2,684.37 points with 22 stocks rising, 7 declining as 37 securities, totalling 9,954,429 units valued at $35,061,223 changed hands, in all market segments. A total of 6 stocks ended at 52 weeks’ closing highs.
Today’s gain pushed the market well over the old record of 138,917.59 set on 24th of January 2005 and ends the longest period in the market’s history, that it failed to exceed a previous high. The all Jamaica Composite Index is the last of the JSE indices to hit new highs in October.
The JSE Market Index shot up 2,402.00 points to 126,381.42, a new closing high. JSE combined index climbed 2,317.79, points to end at a new closing high of 131,076.47.
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 none with offers that were lower.
In trading, Berger Paints traded 295,658 shares and gained 25 cents to close at $3, Cable and Wireless closed with a gain of 20 cents as with 307,231 shares changed hands to end at 52 weeks’ high of $1.02. Trading in the stock was suspended for an hour as the as the trade was executed at 97 cents, a price in excess of 15 per cent from the closing price on Friday as investors continue to respond to the news that Liberty Global planned on making a bid to acquire Cable and Wireless’ parent company. The stock closed with over 4.33 million shares on the bid at $1.02 with 2.8 million units at $1 and five offers amounting to only 47,649 shares between $1.13 and $1.70 and at 3.3 million units at $30. Caribbean Cement gained $2.70 to end at $17.50 for a new 52 weeks’ closing high, with 170,368 shares changing hands. Investors were responding to the company’s reported earnings of 72 cents for the September quarter and $1.75 for the nine months. Cement closed with only two lots being offered, amounting to 13,000 shares at $19 and $24. Ciboney Group traded 5,358,999 shares to end at 8 cents after shedding 1 cent. Desnoes & Geddes had 413,169 units changing hands to close at $30, Grace Kennedy exchanged 1,621 shares at $65.10 and gained 35 cents, Jamaica Broilers lost 49 cents in trading 55,596 shares to close at $8.01. JMMB Group gained 30 cents in trading 101,850 shares to close at $10.20, Mayberry Investments traded 8,050 shares and gained 50 cents to end at $3.50, National Commercial Bank fell 62 cents to end with 7,356 shares trading to end at $31.38.
Pan Jamaican price jumped $5 in trading 5,720 shares to end at a 52 weeks’ high of $80, Pulse Investments traded 200,000 and close at 61 by gaining 6 cents, Sagicor Group with 21,192 shares closed at $14.50. Sagicor Real Estate Fund traded 1,104 units but the price gained $1.05 to close at $9.20 and closed with a bid to buy 99,296 units at $9.20 and with only three offers posted with two at $10 to sell 25,000 units and 19,000 at $11, Scotia Group ended with 11,554 shares trading closed at $26 after rising $1.24. Seprod traded 20,700 shares at $14.96, Supreme Ventures ended at $4 with 308,224 units changing hands and gained 10 cents and Proven Investments ordinary traded 6,875 shares and fell 1.5 cents to end at 23 US cents.
JSE gains with 9 stocks at 52 weeks’ high
Cable & Wireless HQ – the stock traded at a new 52 weeks’ high on Thursday & on Friday.
The Jamaica Stock Exchange closed on Friday with 24 stocks rising, 6 declining as 39 securities, totalling 3,992,906 units valued at $54,025,781 changed hands, in all market segments. A total of 9 stocks ended at 52 weeks’ closing highs as the market closes on a another record for the all Jamaica Index.
The JSE Market Index shot up 952.69 points to 123,979.42, a new closing high. The JSE All Jamaican Composite index gained 1,064.69 to end at 137,510.28 and is 1,400 points away from the old record of 138,917.59 set on 24th of January 2005 and the JSE combined index climbed 1,055.98, points to end at a new closing high of 128,758.68.
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 13 stocks with bids higher than their last selling prices and 2 with offers that were lower.
In trading, Cable and Wireless closed with a gain of 15 cents as with only 5,850 shares changed hands to end at 52 weeks’ high of 82 cents. Trading in the stock was suspended for an hour as the trade was executed at a price in excess of 15 per cent from the closing price on Thursday. Attempts were made to trade as high as $1 but those trades were cancelled, being over maximum 30 percent from the opening price permitted. Investors were responding to the news that Liberty Global Media planned on making a bid to acquire Cable and Wireless’ parent company. The stock closed with over 5.1 million shares on the bid at 82 cents and three offers amounting to 40,000 shares between $1.20 and $1.70 and at 2.66 million units at $3.75.
Caribbean Cement gained 82 cents to end at $15 for a new 52 weeks’ closing high, with 68,800 shares changing hands. The company reported earnings of 72 cents for the September quarter and $1.75 for the nine months and should enjoy another week of gains come next week. Cement closed with only three lots being offered amounting to 83,500 shares between $16.50 and $17. Carreras traded 242,083 shares to end at $52, Desnoes & Geddes had 177,539 units changing hands to close at $30, Grace Kennedy exchanged 1,621 shares at $65.10 and gained 35 cents, Jamaica Broilers added 70 cents in trading 625,083 shares to close at a 52 weeks’ high of $8.50. Jamaica Stock Exchange had 10,000 shares trading at $9.15 while the price rose 45 cents for a 52 weeks’ high, JMMB Group lost 10 cents in trading 220,241 shares to close at $9.90. Kingston Wharves traded 32,278 shares to close at $9, Mayberry Investments traded 17,435 shares and gained 14 cents to end at $3, National Commercial Bank closed with a gain of $1 with 290,955 shares trading to end at $32. 
Pan Jamaican price jumped $2 in trading 95,000 shares to end at a 52 weeks’ high of $75, Sagicor Group with 73,795 shares closed 25 cents up, to $14.50. Sagicor Real Estate Fund traded 5,000 units but the price gained 5 cents to close at $8.15 and closed with a bid to buy 100,000 units at $9.20 and with only two offers posted with one at $10 to sell 16,000 units and 19,000 at $11, Scotia Group ended with 48,410 shares trading at $24.76 after falling 25 cents. Scotia Investments ended with 5,290 shares trading at $27 after adding $1, Supreme Ventures ended at $3.90 with 205,516 units changing hands. Jamaica Money Market Brokers 7.50% preference share traded 324,850 units at $2 and Proven Investments preference share traded 179,500 units and gained 5 cents to end at of $5.05.
JSE closing on record for Jamaican stocks
Cable & Wireless HQ – the stock traded at a new 52 weeks’ high on Thursday.
The Jamaica Stock Exchange closed on Thursday with the All Jamaican Index just under 2,500 points away from the old record 138,917.59 reached on 24th of January 2005.
By the close 4 stocks ended trading, at 52 weeks’ closing highs and Desnoes and Geddes traded during the day at intraday high of $30.25. A total of 14 stocks rose, with 10 declined as 29 securities, totalling 5,416,421 units valued at $103,069,379 changed hands, in all market segments. The JSE Market Index shot up 355.39 points to 123,026.73, the JSE All Jamaican Composite index gained 397.16 to end at 136,445.59 and the JSE combined index climbed 435.35, points to end at a new high of 127,702.70.
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 12 stocks with bids higher than their last selling prices and 4 with offers that were lower.In trading, Cable and Wireless closed with a gain of 5 cents as 368,000 shares changed hands to end at 52 weeks’ high of 67 cents, Caribbean Cement gained 38 cents to end at $14.18 for a new 52 weeks’ closing high, with 137,325 shares changing hands. Carreras fell 50 cents while trading 219,140 shares to end at $52, Desnoes & Geddes had 2,001,720 units changing hands, to close at $30, Grace Kennedy exchanged 63,262 shares at $64.75 to gain 19 cents, Jamaica Broilers lost 20 cents in trading 62,885 shares to close at $7.80, JMMB Group gained 55 cents in trading 231,000 shares to close at $10.
Kingston Wharves traded 13,300 shares to close at $9, National Commercial Bank closed with a loss of 60 cents with 259,300 shares trading to end at $31. Pan Jamaican price jumped $2 in trading 20,000 shares to end at a 52 weeks’ high of $72, Radio Jamaica traded 55,799 units but the price fell 50 cents to close at $3.50, Scotia Group ended with 61,695 shares trading at $25 after falling $1. Scotia Investments ended with 20,000 shares trading at $26, Proven Investments ordinary share traded 170,644 units with a loss of 0.50 cent to end at of 24.5 US cents and Supreme Ventures gained 15 cents and ended at $3.90 with 372,698 units changing hands.
23 stocks rose on JSE Wednesday
Pan Jam closed at a 52 weeks’ high of $70 on Wednesday.
The Jamaica Stock Exchange closed on Wednesday with the All Jamaican Index just under 3,000 points away from the old record 138,917.59 reached on 24th of January 2005. By the close 5 stocks ended trading at 52 weeks’ closing highs and 3 others traded during the day at intraday highs. A total of 23 stocks rose, with 4 declining as 34 securities, total ing 6,445,040 units valued at $52,398,293 changing hands, in all market segments.
The JSE Market Index shot up 1,005.41 points to 122,671.34, the JSE All Jamaican Composite index gained 1,123.61 to end at 136,048.43 and the JSE combined index climbed 915.07, points to end at a new high of 127,267.35.
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 13 stocks with bids higher than their last selling prices and 3 with offers that were lower.In trading, Cable and Wireless closed with a gain of 6 cents as 2,942,811 shares changed hands to end at 61 cents, Caribbean Cement gained $1.79 to end at $13.80 for a new 52 weeks’ closing high, with 28,042 shares changing hands. Carreras climbed 50 cents while trading 24,317 shares to end at $52.50, Desnoes & Geddes had 610,451 units changing hands, to close at $30, Grace Kennedy exchanged 31,258 shares at $64.56 to gain 31 cents, Jamaica Broilers rose 46 cents in trading 105,833 shares to close at $8. Jamaica Stock Exchange had 52,325 shares trading at $8.70 to gain 10 cents, JMMB Group gained 45 cents in trading 116,623 shares to close at $9.45, Kingston Wharves traded 21,168 shares and gained 5 cents to close at $9,
National Commercial Bank closed with a gain of 10 cents with 3,900 shares trading, to end at $31.60. Pan Jamaican jumped $5 in trading 31,149 shares to end at a 52 weeks’ closing high $70, Sagicor Group with 300,003 shares and closed 1 cent higher at $14.02, Salada Foods with 20,780 shares, closed 1 cents down at $8.50, Scotia Group ended with 338,961 shares trading at $26 after rising $1.49. Seprod traded 2,900 shares at $14.96 with a 46 cents gain, Proven Investments ordinary share traded 191,356 units with a gain of 2 cents, to end at all-time high of 25 US cents, Supreme Ventures gained 15 cents and ended at $3.75 with 43,770 units changing hands and Proven Investments Limited 8% preference share exchanged 130,000 units at $5.
7 new highs as JSE moves higher on Tuesday
The Jamaica Stock Exchange closed on Tuesday with the All Jamaican Index is now 4,000 points away from the old record 138,917.59 reached on 24th of January 2005. By the close 7 stocks ended trading at 52 weeks’ closing highs. A total of 14 stocks rose, with 10 declining as 31 securities, totaling 3,337,233 units valued at $31,552,287 changing hands, in all market segments.
JSE Market Index shot up 1,073.37 points to 121,665.93, the JSE All Jamaican Composite index gained 1,199.55 to end at 134,924.82 and the JSE combined index jumped 1,219.53 points to end at a new high of 126,352.28.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice offer indicator had a reading of 15 stocks with bids higher than their last selling prices and 3 with offers that were lower.
In trading, Cable and Wireless closed with a gain of 4 cents as 276,100 shares changed hands to end at 55 cents, Caribbean Cement gained 1 cent to end at $12.01 for a new 52 weeks’ closing high, with 12,669 shares changing hands. Desnoes & Geddes had 317,100 units changing hands, to close at $30, Gleaner traded 29,300 shares at $1.72 with a loss of 1 cent, Hardware & Lumber exchanged 12,651 shares at $17.10 to gain $2.09,
Jamaica Broilers fell of 46 cents in trading 318,500 shares to close at $7.54. Jamaica Stock Exchange had 32,622 shares trading at $8.60, JMMB Group traded 33,950 shares to close at $9, National Commercial Bank closed with a loss of 49 cents with 6,444 shares trading, to end at $31.50. Pan Jamaican traded just 1,539 shares at $65, to gain $2.49 for a 52 weeks’ closing high, Sagicor Group with 9,000 shares, closed 49 cents lower at $14.01, Sagicor Real Estate Fund with 135,265 shares, closed 51 cents up to $8.01, Scotia Group ended with 310,000 shares trading at $24.51 after shedding 69 cents. Seprod traded 2,621 shares at $14.50 with a 50 cents loss, Proven Investments ordinary share traded 240,268 units with a gain of 1 cent, to end at 23 US cents, Supreme Ventures ended at $3.75 with 42,015 units and JMMB Group 7.50% preference share exchanged 500,000 units at $2.
JSE records huge gain on Wednesday
D&G gained $10.77 to push JSE index with all-time record gain
The stock exchange main market is now 11,648.72 points or 8 percent away from the record close of 138,917.59 reached on 24th of January 2005. A total of 23 stocks rose, with 3 declining as 36 securities, totalling 11,897,638 units valued at $70,427,255 changing hands, in all market segments. 1 junior market and 2 main market stocks ending at new 52 weeks’ closing highs, 1 trading at a 52 weeks’ intraday high and one closed at an all-time low. The JSE Market Index shot up by 8,692.24 points to 114,815.31, and the JSE combined index jumped 7,728.74 points to end at 119,161.07.
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 4 with offers that were lower.
In trading, Berger Paints traded 899,350 shares at $2.50 and gained 20 cents Cable and Wireless closed with an 8 cents increase with 210,000 shares changing hands to close at 60 cents, Caribbean Cement closed at to $10 with 14,620 shares changing hands, but traded at an intraday 52 weeks’ high of $10.99. Carreras traded 67,666 shares at $51 to gain 40 cents. Desnoes and Geddes stock closed with bids of $25.80 to buy 270,074 shares with an offer only 350 units at $28 with very small volumes above. Grace Kennedy traded with a gain of 1 cent, to close at $64.51 with 118,864 shares, Jamaica Broilers 618,120 shares to close at $6.99, JMMB Group traded 104,600 shares at $8.50 at the close with a gain of 44 cents, Kingston Wharves traded at a new high of $9.20 to add $1.55 with 1,850 shares changing hands. National Commercial Bank closed with a gain of 68 cents with 50,000 shares trading to close at $30.79, the shares of 138 Students Living added 25 cents in closing at $4.40 with 210,000 shares,
Pan Jamaican Investments traded 20,500 shares at the end at $63 with a gain of $1.44. Sagicor Group with 368,858 shares closed 1 cents higher at $13.16, Sagicor Real Estate Fund with 46,000 shares closed 50 cents down to $7.50. Scotia Group ended with 119,753 shares trading at $23.85 after gaining 33 cents, Scotia Investments gained $1.50 and ended at $27.50 with 111,000 shares traded, Seprod traded 4,888 shares at $14.95 for 5 cents loss, Supreme Ventures gained 6 cents and ended at $3.71, with 76,000 units. Proven Investments traded 19,000 ordinary shares at 22 US cents after adding a cent and Jamaica Public Service 9.5% preference share traded 4,932 units at $1125 each.
20 JSE stocks rose 3 fell Thursday
NCB traded 5.7m shares as high as $32.50 for an intraday 52 weeks’ high.
The main market indices enjoyed another day of decent gains. The JSE Market Index climbed 699.38 points to 99,772.07, the JSE All Jamaican Composite index rose 781.60 points to 110,457.19 and the JSE combined index jumped 1,035.02 to end at 104,016.00 points.
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 4 with offers that were lower.In trading, Cable and Wireless added 2 cents, with 981,889 shares changing hands to close at 53 cents, Carreras traded 257,755 shares to close 6 cents higher at $50.31, Caribbean Cement stock, gained 49 cents with 63,483 shares changing hands at $8.50, Desnoes and Geddes did not trade, the stock closed with a bid of $10.58 to buy 2,744,725 units. Jamaica Broilers closed at $6.50 with 119,681 shares changing ownership, Jamaica Producers gained $1.30 in trading 12,014 shares to end at $18, JMMB Group traded just 8,546 shares at $8 with a 35 cents gain. The stock closed with the bid at $8 to buy 1,754 shares but with 100,000 units on the bid at $7.90 and 466,490 at $7.80, the closest amounts being offered are 51,500 and 100,000 shares at $8.50. Mayberry Investments traded just 1,020 units at $2.35,
but the stock that fell sharply during the week to $2.20 now has more than 1 million units on the bid at $2.35, the lowest offer is at $2.70. National Commercial Bank rose $1.01 to $30.02 with 5,710,591 shares trading as high as $32.50 for an intraday 52 weeks’ high. Pan Jamaican Investments traded 14,123 shares at $61.25 having gained 25 cents, Radio Jamaica traded 46,000 shares to close at $4, Sagicor Real Estate Fund ended with 40,900 shares trading at $7.51, Scotia Investments lost $1.95 in ending at $26.50 while 202,000 shares traded and Supreme Ventures gained 3 cents with 154,935 units changing hands to close at $3.63.
7 stocks up 9 down on JSE
Proven traded 1.24 million shares on Wednesday
The main market indices suffered mild declines with the JSE Market Index losing 108.96 points to 96,324.59,
the JSE All Jamaican Composite index fell 121.77 points to 106,604.43 and the JSE combined index slipped 108.46 to end at 99,698.72 points.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 16 stocks with bids higher than their last selling prices and 4 with offers that were lower. The rise in the closing bids coincides with the close of the month as portfolios are priced at month end.
In trading, Berger Paints had 49,048 units changing hands at $2.30, Cable and Wireless lost 1 cent with 325,800 shares changing hands, to close at 50 cents. Grace Kennedy had 64,962 shares trading and gained 66 cents to end at $64.66,
Jamaica Broilers traded at $5.80 with 36,585 shares changing ownership and dropping 20 cents. JMMB Group traded 16,250 units at $7.63 and lost 2 cents, Pan Jamaican traded 8,177 shares to close at $61.72, Sagicor Group with 145,626 shares trading, closed with a gain of 20 cents, to end at $13.20, Scotia Group lost 25 cents in ending at $23.75 while 4,400 shares traded. Supreme Ventures close at $3.60 with 210,487 units changing hands and Proven Investments ordinary share, had 1,239,499 units changing hands at 19.5 US cents, after shedding 0.25 cents.
Weak start to the week for JSE
The Jamaica Stock Exchange saw low trading activity on Monday, at the close there were 11 stocks rising and 11 declining with 30 securities totalling 1,250,833 units, valued at $8,226,223 changing hands, in all market segments. Trading in the main market was very light with only 446,610 shares trading.
The main market indices enjoyed a second day of increases with the JSE Market Index lost 150.92 points to 96,356.49, the JSE All Jamaican Composite index declined 168.66 points to 106,640.09 and the JSE combined index fell 112.62 to end at 99, 626.43.
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 14 stocks with bids higher than their last selling prices and 5 with offers that were lower. This indicator has increased in strength over the past week as the period for company results for the third quarter approaches. There remain some pockets of weakness as shown by the number of stocks that are offered below their last selling prices.
In trading, Cable and Wireless fell 2 cents with 6,000 shares changing hands, to close at 49 cents, Caribbean Cement had 215,450 shares trading with a 1 cent rise to $7.71, Carreras lost 40 cent in trading 11,250 shares and ended at $49.10, Hardware & Lumber traded just 797 shares to end at $11 for a fall of $2. Mayberry Investments had 13,500 units trading at $2.80,
National Commercial Bank had 74,249 units changing hands and ended at $27.75, Pan Jamaican traded 2,337 shares to close with a loss of $1.29 at $61.71. Radio Jamaica traded at $3.08 with 18,847 shares changing hands. Sagicor Group with 14,503 shares closed 18 cents up, to $13. Scotia Group gained $1.18 in ending at $24.95 with 56,261 shares trading, Scotia Investments gained 47 cents to $25 with only 1,900 units, Sterling Investments ended with a loss of 40 cents to a 52 weeks’ low of $13 while trading 3,000 shares and Supreme Ventures lost 15 cents with 10,300 shares trading to end at $3.60.