Blog Page — Page 1298

Year ends with 11 stocks up 7 down

December 31, 2014 by IC Insider.com

day’s activity on the Jamaica Stock Exchange, resulted in the prices of 11 stocks rising and 7 declining as 30 securities changed hands, ending in 1,626,438 units trading, valued at only $4,460,185, in all market segments.

IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 18 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower. With this being the final trading day for the year, the high levels of higher bids may be due to portfolio managers trying to influence year-end values for their portfolios. The numbers have been rising, with the day before Christmas having a reading of 9 to 4, followed by Monday with 10 to 2 and Tuesday 14 to 2. This is a development worth watching, to see if it carries over with a strong reading into 2015.
Main Market| The JSE Market Index lost 375.48 points to 76,353.39, the JSE All Jamaican Composite index fell 419.80 points to close at 84,084.94 and the JSE combined index gained declined by 322.23 points to close at 78,223.45. The market closed out 2014 with the all Jamaica rising by 2.7 percent for the year, the JSE composite is down 5.3 percent and the junior market 9.2 percent.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Barita Investments concluded trading with 18,000 shares changing hands to close with a gain of 7 cents at $2.25. Berger Paints ended with 16,000 shares trading with a gain of 15 cents to a new 52 weeks’ high of $2, Jamaica Broilers finished with 5,000 shares trading with a gain of 3 cents to $4.04, Jamaica Producers ended with 30,000 shares changing hands to close 25 cents higher at $17.50, Mayberry Investments finished trading with 1,020 shares changing hands to close 2 cents up to $1.52, Proven Investments concluded trading with 35,639 ordinary shares changing hands and increased in price by 0.23 cents to close at 19 US cents, Sagicor Group ended with 41,000 shares with the price rising 25 cents to $10.25 and Supreme Ventures ended trading with 48,400 shares trading with a gain of 10 cents to $2.

Berger closed up 15 cents or 8% to $2, with no stock on offer at the end of trading

Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless with 800,000 shares changing hands at 48 cents, Jamaica Money Market Brokers ended with 81,704 ordinary shares trading at $7.10. Kingston Wharves ended trading with 23,861 shares changing hands at $6, National Commercial Bank ended with 7,200 shares at $18.50 and Sagicor Real Estate Fund closed with 1,500 shares changing hands at $7.11.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras closed with a loss of 41 cents white trading 10,500 shares to close at $36.40, Desnoes & Geddes ended with 51,900 shares changing hands to close 5 cent down at $4.95, Grace Kennedy closed with 500 units, the price slipped $2 to $61, Pan Jamaican Investment finished with 433 units trading as the price slipped 95 cents $59 and Scotia Group closed the year with 800 shares trading lower by 39 cents to $20.01.
Preference| Jamaica Money Market Brokers 7.50% preference share finished with 428 units trading at $2 and Proven Investments 8% preference share ended with 41,011 shares changing hands to close at $5.10.

Filed Under: JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, C&WJ, Caribbean Cement, Carreras, D&G, Daily Trading, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaican Stock, JMMB, Kingston Wharves, Mayberry, NCB, Pan Jam, Proven, Sagicor, Scotia, Supreme Ventures

Junior stocks up last day down 9% in 2014

December 31, 2014 by IC Insider.com

Honey Bun lost the most in value in 2014, down 46.4%.

Activity on the Junior Market, closed with 10 securities trading and ended with 411,542 units valued at $389,555 changing hands.
The JSE Junior Market Index rose 3.33 points to close at 687.96, with the price of 3 stock advancing and 2 declining. Junior market stocks collectively lost 9 percent for the year in which only 5 junior stocks rose and 15 declined. Honey Bun lost the most in shedding 46.40 percent followed by AMG Packaging 45.40 percent.
At the close of the market, there were 6 stocks with bids higher than their last selling prices and 1 stock with the offer lower. The junior market continues to reflect renewed interest with 5 securities closing with no bids to buy. There were 10 securities that had no stocks being offered for sale.
C2W Music ended trading with 12,500 shares changing hands to close at 1 cent to 39 cents, Caribbean Cream closed with 319,000 shares with the price rising 5 cents to 75 cents, Lasco Distributors ended trading with 14,670 shares changing hands to close with a gain of 4 cents to $1.45.
Blue Power ended with 3,270 shares trading at $6.30, General Accident finished with 360 units changing hands to close at $1.75, Honey Bun ended with 4,000 shares at $1.71, Lasco Financial completed trading with 21,340 shares with the price at 98 cents, Lasco Manufacturing closed with 28,000 shares changing hands at $1.12.
Access Financial closed with 3,902 units trading as the price slipped 4 cents to $8.96 and AMG Packaging finished with 4,500 shares changing hands and lost 25 cents to new 52 weeks’ low of $1.90.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, Blue Power, C2W Music, Caribbean Producers (CPJ), Daily Trading, General Accident, Honey Bun, Lasco

TTSE closes up down for 2014

December 31, 2014 by IC Insider.com

The Trinidad Stock Exchange ended 2014 on a winning note, on the final trading day, but the market closed the year with a loss in the three indices, compared with their opening in January. On the final day of trading for the year, 11 securities changed hands of which 3 advanced, none declined and 8 traded firm with a total of 231,234 units, valued at $2,649,788 changing hands.
At the close of the market, the Composite Index rose 4.19 points to close at 1,150.91, the All T&T Index rose by 0.11 points to close at 1,983.18 and the Cross Listed Index increased by 1.10 points to end at 41.72.
For the year, the Composite Index declined by 34.14 points or 2.88 percent to close at 1,150.91, the All T&T Index declined 10.54 points to 1,983.18 and the Cross Listed Index declined by 7.71 points or 15.59 percent to close at 41.72. Overall Market activity resulted in 35 stocks trading of which 20 advanced, 14 declined and 1 traded firm.
Gains| Stocks increasing in price at the close are, Firstcaribbean International Bank gained 25 cents to end the day at $5 while trading 5,730 shares. L.J. Williams B shares contributed 44,000 units and gained of 10 cent to a new 52 weeks’ high of $1 and Scotiabank traded 117 shares valued at to close with a gain of 2 cents to end at $61.52.
Declines| There was no declining stocks at the end of trading on the final trading day for 2014.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens Bank traded 4,898 shares valued at $181,520 to close at $37.06, Jamaica Money Market Brokers had 102,778 shares changing hands at 43 cents, Massy Holdings traded 2,591 shares valued at to close at $68.25. National Enterprises traded 50 shares at $17.42, National Flour with 6,000 shares trading, closed at $1.15, Sagicor Financial Corporation traded 147 shares at $5.95, Trinidad Cement traded 48,122 shares valued at $120,305 and ended at $2.50 and West Indian Tobacco added 16,801 shares valued at $2,038,430 and closed at $121.33.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than their last selling prices and 1 stock with the offer that is lower.

Filed Under: Stock Market, TTSE Market Tagged With: Daily Trading, First Citizens, Firstcaribbean International Bank, JMMB, Massy Holdings, National Enterprises, National Flour Mills, NCB, Sagicor, Scotia, Trinidad Cement, West Indian Tobacco

JSE set to close out 2014 up

December 30, 2014 by IC Insider.com

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Trading on the Jamaica Stock Exchange should end the year on a positive note as there was far more stocks closing with higher bids than those that had lower offers at the close on Tuesday, suggesting that the majority of stocks trading should enjoy increased prices.
The major shares in Access Financial Services changed hands on Tuesday in trading on the stock exchange junior market as Mayberry sold out its holdings to Proven Investments. Mayberry who had expressed a desire to sell as a result of the dispute with the founding shareholder Marcus James finally did so, resulting in a billion profit on their investment. Overall trading in the market, resulted in the prices of 7 stocks rising and 10 declining as 27 securities changed hands, ending in 141,314,531 units trading, valued at $1,232,287,766, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 14 stocks with bids higher than their last selling prices and only 4 stocks with offers that were lower, this suggest that for the final trading day of the year the majority of prices should rise.
Main Market| The JSE Market Index gained 535.67 points to 76,728.87, the JSE All Jamaican Composite index rose 598.90 points to close at 84,504.74 and the JSE combined index gained 459.99 points to close at 78,545.68.
Gains| Stocks recording gains with their last traded prices, at the end of trading in the main market are, Berger Paints trading with 395,929 shares and gained of 30 cents to end at $1.85, Grace Kennedy ended with 2,500 shares changing hands to close $1 higher at $63. National Commercial Bank closed with 5,792 shares trading with a gain of 5 cents, to $18.50, Pan Jamaican Investment finished with 5,500 shares changing hands, to close 3 cents higher at $59.95. Sagicor Real Estate Fund ended with 500 shares changing hands to close with a gain of 11 cents to $7.11 and Scotia Group ended trading with 85,919 shares changing hands to close 40 cents higher at $20.40.
Firm| The stocks in the main market to close without a change in the last traded price are, Desnoes & Geddes finishing with 47,000 shares at $5, Jamaica Broilers ended with 25,000 units trading at $4.01, Jamaica Money Market Brokers completed trading with 21,446 ordinary shares at $7.10. Kingston Wharves ended trading with 450 shares changing hands to close at $6, Supreme Ventures finished trading with 3,017,931 shares changing hands to close at $1.90.
Declines| The last traded prices of stocks with losses at the close of the main market are, Cable & Wireless that ended trading 1,643,333 shares changing hands, to close 2 cents lower at 48 cents. Caribbean Cement closed trading with 13,877 units, the price slipped 4 cents to $2.41, Hardware & Lumber finished with 4,000 units trading as the price fell 49 cents to $7.51, Jamaica Producers closed with 186,050 shares trading lower by 25 cents lower to $17.25. Proven Investments ended with 185,920 shares trading at 0.23 cents lower at 18.77 US cents, Sagicor Group closed with 15,400 shares changing hands at 50 cents lower at $10 and Scotia Investments finished with 6,050 shares trading at 40 cents lower at $23.
Preference| Jamaica Money Market Brokers 8.75% preference share had 10,000 shares changing hands to close $3, Jamaica Money Market Brokers 7.50% preference share traded 49,550 shares at $2 and Proven Investments 8% preference share traded 300 shares at $5.20.

Filed Under: JSE Main Market, Stock Market Tagged With: Berger Paints, C&WJ, Caribbean Cement, Carreras, D&G, Daily Trading, Grace Kennedy, H&L, Jamaica Broilers, Jamaica Producers, Jamaican Stock, JMMB, Kingston Wharves, Marcus James, Mayberry, NCB, Pan Jam, Proven, Sagicor, Scotia, Supreme Ventures

Access dominates with 1.2b shares

December 30, 2014 by IC Insider.com

There was trading in 135,339,271 units of Access Financial shares which were primarily sold by Mayberry from their holdings and purchased by Proven Investments, in 33 trades. The acquisition places Proven at just under 50 percent ownership of the company. The trade was by far the largest on the exchange for the day and leaves less than 10 percent of the ownership in the wider public’s hands.
Trading on the Junior Market closed with only 6 securities traded and ended with 135,592,084 units valued at $1,218,415,832 changing hands. The JSE Junior Market Index fell 4.72 points to close at 684.63, with the price of only 1 stock advancing and 3 declining.
Even as the index slipped, the junior market continues to reflect renewed interest with 4 securities closing with no bids to buy and there were 9 securities that had no stocks being offered for sale. At the close of the market, the indicators point to rising prices ahead as there were 6 stocks with bids higher than their last selling prices and only 1 stock with the offer that is lower.
Stocks trading are, Lasco Financial ended trading with 3,000 shares as the price rose 2 cents to 98 cents, General Accident ended with 3,000 shares changing hands at $1.75, Lasco Manufacturing had 8,813 shares changing hands to close at $1.12. Access Financial closed with 135,339,271 units trading as the price slipped 5 cents to $9, Caribbean Producers finished with 1,000 shares trading lower by 2 cents to $2.03 and Lasco Distributors ended with 237,000 shares trading 4 cents lower at $1.41.

Filed Under: Company News, JSE Junior Market, Stock Market Tagged With: Caribbean Producers (CPJ), General Accident, Lasco Distributors, Lasco Financial, Lasco Manufacturing

Forex flows remain buoyant

December 30, 2014 by IC Insider.com

Trading levels were in the forex market in Jamaica was normal for this time of the year with the market closed for two days. Overall there was buying of the equivalent of US$54,541,839 versus US$49,122,107 on Monday, and selling of the equivalent of US$51,849,629 compared to US$46,110,654 on Monday.
In US dollar trading, dealers bought US$46,951,936 compared to US$42,122,796 on Monday. The buying rate for the US dollar rose 37 cents to $114.06 and US$48,252,657 was sold versus US$43,345,164 on Monday with the selling rate rising 3 cents to $114.59. The Canadian dollar buying rate gained 93 cents to $96.66 with dealers buying C$3,420,037 and selling C$1,802,538, at an average selling rate that fell 19 cents, to $97.58. The rate for buying the British Pound was up 69 cents to $176.47 for the purchase of £2,861,176, while £1,203,874 was sold, the rate gained 11 cents to $177.21. At the end of trading it took J$139.54 to purchase the Euro, 14 cents more than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.40, for an decrease of 25 cents. Other currencies bought, amounted to the equivalent of US$264,830 while the equivalent of US$200,228, was sold.
Highs & Lows| The lowest selling rate for the US dollar, fell 20 cent to $111.80 with all the other rates remaining unchanged. The highest buying rate for the Canadian dollar rose 20 cents to $99.20 with the other rates remained unchanged. The highest buying rate for the British Pound, lost 62 cents to $178.13 and the others were unchanged.

Filed Under: FX Market, Stock Market Tagged With: BOJ, British Pound, Canadian dollar, FX Market, Jamaica dollar, US Dollar

3 stocks changed price on TTSE

December 30, 2014 by IC Insider.com

Trading on the Trinidad Stock Exchange closed with 14 securities changing hands of which 1 advanced, 2 declined and 11 traded firm with a total of 486,178 units, valued at $21,228,614 being active.
At the close of the market, the Composite Index lost 0.17 points to close at 1,146.72, the All T&T Index closed unchanged at 1,983.07and the Cross Listed Index fell 0.05 points to end at 40.62.
Gains| Clico Investment Fund with 19,810 shares valued at $456,913 climbed 3 cents to $23.07 to be the only stock rising and ended at a new 52 weeks’ high.
Declines| The stocks declining at the end of trading are, Jamaica Money Market Brokers 103,643 shares with the price falling 1 cent 43 cents and Republic Bank with 147,666 shares changing hands for a value of $17,681,527, to close at $119.74 for a 1 cent decline.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Agostini’s with 190 units changing hands, closed at $17.50, First Citizens Bank traded 13,248 shares valued at $490,971 to close $37.06, Guardian Holdings ended with 500 shares trading at $13.25, National Commercial Bank added 33,550 shares at $1.15, National Enterprises traded 10,439 shares at $17.42. National Flour Mills traded 500 shares at $1.15, One Caribbean Media with 13 shares ended at $25 followed by Sagicor Financial Corporation that traded 366 shares and closed at $5.95. Scotiabank traded 2,342 shares at $61.50, Trinidad Cement with a volume of 138,825 shares traded for $346,497 ended at $2.50 and West Indian Tobacco with 15,086 shares valued at $1,830,384 closed at $121.33.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than their last selling prices and 1 stock with the offer that is lower.

Filed Under: Stock Market, TTSE Market Tagged With: clico, Daily Trading, First Citizens, Grace Kennedy, Guardian Holdings, JMMB, Massy Holdings, National Enterprises, NCB, One Caribbean Media, Republic Bank, Sagicor, Scotia, Trinidad Cement, TTSE, West Indian Tobacco

Mayberry out of Access

December 30, 2014 by IC Insider.com

There is trading in 135,339,271 units of access shares which were sold by Mayberry from their holdings and said to be purchased by clients in 33 trades at $9 each.
Reports to IC Insider.com, indicate that the mediator to both parties in the Access dispute between Marcus James and Mayberry, R Danny Williams was advised today that Mayberry has disposed of their holdings.
Up to late on Monday, the Chairman of Access confirmed that he was not aware of the trades on Monday, that IC Insider gather were cancelled by Mayberry. Under the stock exchange rules pertaining to insider trades, the intention to trades in the stock of a company by insiders must be communicated to the Chairman in writing.
Based on the price the block was old at the consideration is $1.218 billion. IC insider.com understand that Proven Investments purchased the shares which would bring their holdings to just under 50 percent of the 274 million shares outstanding at Access.

Filed Under: Breaking News, JSE Junior Market, Stock Market

J$ slips slightly on Monday

December 29, 2014 by IC Insider.com

Trading levels were in the forex market in Jamaica was normal for this time of the year with the market closed for two days. Overall there was buying of the equivalent of US$49,122,107 versus US$46,285,377 on Wednesday, and selling of the equivalent of US$46,110,654 compared to US$42,969,928 on Wednesday.
In US dollar trading, dealers bought US$42,122,796 compared to US$42,996,967 on Wednesday. The buying rate for the US dollar fell 30 cents to $113.69 and US$43,345,164 was sold versus US$41,082,846 on Wednesday with the selling rate rising 2 cents to $114.56. The Canadian dollar buying rate gained 9 cents to $95.73 with dealers buying C$2,857,912 and selling C$1,504,269, at an average selling rate that climbed 14 cents, to $97.77. The rate for buying the British Pound was up 9 cents to $175.77 for the purchase of £2,708,246, while £810,142 was sold, the rate eased 13 cents to $177.10. At the end of trading it took J$139.40 to purchase the Euro, 11 cents less than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.65, for an increase of 2 cents. Other currencies bought, amounted to the equivalent of US$405,582 while the equivalent of US$229,242, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell $1.02 to $114.85, the lowest buying rate closed unchanged at $93.52 and highest selling rate fell 32 cents to $119.84. The lowest selling rate climbed $18.06 to $112. The highest buying rate for the Canadian dollar and the lowest buying rate remained unchanged at $99 and $77.85 respectively. The highest selling rate fell 47 cents to $100.75 and the lowest selling rate is unchanged at $93.80. The highest buying rate for the British Pound, lost 25 cents to $178.75. The lowest buying rate and the lowest selling rate remained at $142.14 and $171.25, respectively and the highest selling rate climbed $1.51 to $183.24.

Filed Under: FX Market, Stock Market Tagged With: BOJ, British Pound, Canadian dollar, Daily Trading, FX Market, j$ v euro, Jamaica dollar, US Dollar

8 up 8 down on last 2014 Monday

December 29, 2014 by IC Insider.com

Monday’s trading activity on the Jamaica Stock Exchange, resulted in the prices of 8 stocks rising and 8 declining as 20 securities changed hands, ending in 5,600,984 units traded, valued at $32,212,309, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 10 stocks with bids higher than their last selling prices and only 2 stocks with offers that were lower.
Main Market| The JSE Market Index gained 261.32 points to 76,193.20, the JSE All Jamaican Composite index rose 292.16 points to close at 83,905.84 and the JSE combined index gained 236.48 points to close at 78,085.02.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Caribbean Cement closed with 17,375 shares changing hands, 5 cents higher to $2.45, Desnoes & Geddes ending with 233,619 shares, the price rose 30 cents to $5. National Commercial Bank had trading in 67,060 shares to close 9 cents higher at $18.45, Pan Jamaican Investment gained $3.42 in trading 15,567 shares to end at $59.92, Proven Investments concluded trading with 2,000 shares and gained 0.25 cents to 19 US cents and Sagicor Group ended with 506,271 shares changing hands to close 50 cents higher at $10.50.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless closed with 1,215,792 shares changing hands at 50 cents. Grace Kennedy finished with 900 shares at $62, Jamaica Broilers ended with 29,413 units and ended at $4.01, Jamaica Money Market Brokers ended trading with 15,000 ordinary shares at $7.10 and Mayberry Investments completed trading with 100,000 shares at $1.50.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras that ended with 3,000 shares trading 19 cents lower at $36.81. Sagicor Real Estate Fund closed with 2,842,660 units as the price slipped 10 cents to $7, Scotia Group finished with 97,500 units trading as the price slipped 1 cent to $20 and Supreme Ventures closed with 118,003 shares trading lower by 2 cents to $1.90.