JSE majors down with 11 stocks rising & 11 falling

November 28, 2017 by

Main market stocks in serious test of resistance that is not likely to last.

Trading on the main market of the Jamaica Stock Exchange ended trading on Tuesday with 28 securities changing hands of which 11 advanced, 11 declined and 3 traded firm with 3,569,794 units valued at $75,294,915 changing hands, down sharply from 19,187,109 units valued at $205,077,757 on Monday.
The JSE All Jamaican Composite Index declined by 898.61 points compared to a fall of 3,027.95 points on Monday, to close at 305,710.13 and the JSE Index declined by 818.74 points versus a fall of 2,758.81 points on Monday, to close at 278,536.50.
Trading ended with an average of 127,493 units for an average of $2,689,104 in contrast to 799,463 units for an average of $8,544,907 on Monday. The average volume and value for the month to date amounts to 344,905 units valued at $5,455,253 and previously 358,678 units valued at $5,630,484. In contrast, October closed with an average of 1,185,251 units valued at $16,528,582 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 with lower offers.
In the US dollar market, the index rose 11.04 points to close at 179.19 with 76,985 units trading at a value of US$67,389. Productivity Business ordinary share traded 1,549 units and rose 2 cents to close at 57 US cents, Proven Investments ordinary share traded 20,416 units to gain 2 cents to close at 23.98 US cents and JMMB Group 6% US Preference share traded 55,000 units at US$1.12.
The main movers for the day are, Grace Kennedy falling $1.30, NCB Financial Group adding $1, Salada Foods fell $1.19, Scotia Group jumped $2.64, Seprod dropped $3.99 and Ciboney traded at a 52 weeks’ high of 50 cents while Carreras ended trading 2,009,745 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , ,

Juniors drop 237 points in a week

November 28, 2017 by

The prices of Lasco Distributors and Lasco Financial cut Junior market index sharply.

The Junior Market Index plunged sharply by 119.67 points to close at 2,829.29, after shedding 45.44 points on Monday and 50 points on Friday. The market has lost 237.24 or 7.7 percent since last week Wednesday.
The two main companies contributing to the fall are Lasco Distributors that fell from $5.90 last week to $4.32 in response to the disappointing court awards in their dispute with Pfizer and Lasco Financial falling from $6.50 to $5.01.
At the close of market activities, the prices of 5 securities advanced, 10 declined and 7 remained unchanged as the market concluded trading on Tuesday with 22 securities changing hands, resulting in an exchange of 1,396,153 units valued at $6,487,135 compared to 2,397,751 units valued at $13,589,523 on Monday coming from 17 securities.
Trading ended with an average of 63,462 units for an average value of $294,870 in contrast to 141,044 units for an average of $799,384 on Monday. The average volume and value for the month to date amounts to 110,697 units valued at $543,691 and previously 113,513 units valued at $558,525. In contrast, October closed with average of 74,690 units valued at $362,548 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 3 with lower offers.
At the close of the market, AMG Packaging ended with a loss of 1 cent at $2.99, with 3,159 stock units, Caribbean Cream finished at $5.50, with 43,200 shares, Cargo Handlers ended trading at $10.85, with 500 stock units trading, Caribbean Producers traded at $4.20, with 371,229 units, C2W Music ended 9 cents higher at $0.49, with 16,433 stock units, Express Catering fell 1 cent in closing at $4.49, with 2,023 stock units, General Accident finished with a loss of 10 cents at $2.60, with 22,000 shares. Honey Bun settled 25 cents higher at $4.25, with 14,400 shares, Iron Rock settled at $2.80, with 2,452 shares, ISP Finance ended trading with a loss of 1 cent at $15.99, with 5,529 stock units, Jamaican Teas traded with a loss of 20 cents at $3.80, with 126,600 units, Jetcon Corporation finished trading after losing 10 cents to $4.50, with 12,965 shares. Knutsford Express closed 50 cents higher at $13.50, with 6,631 shares, KLE Group concluded trading 2 cents higher at $2.53, with 20,600 units, Lasco Distributors dropped $1.37 to $4.32, with 115,400 shares, in response to the low award for damages against Pfizer. Lasco Financial ended trading down $1.21 to $5.01, with 337,824 stock units, Lasco Manufacturing fell 5 cents to $3.90, with 32,000 units, Medical Disposables fell 10 cents to $5, with 1,816 shares changing hands, Main Event closed at $6, with 105,855 shares. Paramount Trading concluded trading at $3.15, with 39,425 units, Stationery and Office ended trading at $5.05, with 114,612 stock units and tTech finished trading 1 cent higher at $7, with 1,500 shares.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , ,

JSE main market falters again

November 27, 2017 by

Trading on the Main Market of the Jamaica Stock Exchange ended on Monday with 24 securities changing hands, with 7 advancing, 12 declining and 4 trading firm with 19,187,109 units valued at $205,077,757.
The market indices suffered major reversal as a result of the negative advance decline ratio of nearly 1 to 2 hit, leading the JSE All Jamaican Composite Index, to drop 3,027.95 points to close at 306,608.74 and the JSE Index to dive 2,758.81 points to 279,355.24. The major contributors to the sharp fall include, declines in Grace Kennedy, Kingston Wharves but mostly a $1 drop in the price of NCB Financial Group and $1, Sagicor Group with a fall of $1.60.
In main market activity, Berger Paints finished with a loss of 30 cents at $16.20, with 215,407 shares changing hands, Cable & Wireless settled with a loss of 4 cents at 95 cents, with 288,300 shares, Caribbean Cement ended trading with a loss of 1 cent at $32, with 72,066 stock units, Carreras traded with a loss of 1 cent at $11.04, with 84,627 units. Ciboney Group finished trading 19 cents higher at 52 weeks’ high of 45 cents, with 60,000 shares, Grace Kennedy closed with a loss of 44 cents at $43, with 968 shares, Jamaica Broilers ended 1 cent higher at $17.51, with 25,872 stock units, Jamaica Producers concluded trading at $16, with 5,440 units. Jamaica Stock Exchange finished with a loss of 27 cents at $6.98, with 15,018,321 shares, JMMB Group settled 5 cents higher at $28, with 154,344 shares, Kingston Wharves traded with a loss of 50 cents at $32.50, with 36,215 units, Mayberry Investments finished trading 10 cents higher at $5.20, with 1,023,177 shares. NCB Financial Group lost $1 at $94, with 58,498 shares trading, 138 Student Living closed with a loss of 5 cents at $6, with 4,290 shares, PanJam Investment concluded trading with a loss of 75 cents at $40.75, with 12,620 units, Portland JSX finished at $9, with 3,900 shares, Radio Jamaica ended trading 2 cents higher at $1.09, with 45,693 stock units. Sagicor Group traded with a loss of $1.60 at $36.50, with 2,026,098 units, Sagicor Real Estate Fund finished trading at $14.50, with a mere 1,515 shares, Scotia Group closed trading 10 cents higher at $51.30, with 21,850 stock units, Seprod climbed $1.80 to $34, with 1,600 units but ended with the stock on offer at $32. Sterling Investments finished at $12, with 8,000 shares and Supreme Ventures settled with a loss of 8 cents at $10.42, with 17,370 shares. In the main market preference segment, JMMB Group ended trading at $1.10, with 938 stock units.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

14,568 points slashed off AJIndex in 2 weeks

November 27, 2017 by

Investors cut 4.5 percent or 14,568.35 points in two weeks off the JSE All Jamaican Composite Index, as it dropped 3,027.95 points on Monday to close at 306,608.74. During the same period, the JSE Index dived 13,273.42 or 4.5 percent, to close with a fall of 2,758.81 points on Monday at 279,355.24.
Trading on the Main Market of the Jamaica Stock Exchange ended on Monday with 24 securities changing hands, as 7 advanced, 12 declined and 4 traded firm with 19,187,109 units valued at $205,077,757 compared to 10,390,820 units valued at $339,090,865 on Friday.
Trading ended with an average of 799,463 units for an average of $8,544,907 in contrast to 451,775 units for an average of $14,743,081 on Friday. The average volume and value for the month to date amounts to 358,678 units valued at $5,630,484 and previously, an average of 333,369 units valued at $5,463,149. In contrast, October closed with an average of 1,185,251 units valued at $16,528,582 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 with lower offers.
In the US dollar market Margaritaville ordinary share traded 2,300 units at 19 us cents valued at just US$21.
The main movers for the day are, NCB Financial Group dropping $1, Sagicor Group fell $1.60 trading 2,026,098 units and Seprod jumped $1.80. Ciboney traded at a 52 weeks’ high of 45 cents.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , ,

Juniors down sharply again with 11 losers

November 27, 2017 by

the prices of Lasco Distributors and Lasco Financial had wild swings on Monday as the courts awarded Lasd $273 million in damages.

Trading on the Junior Market of the Jamaica Stock Exchange, with 17 securities changing hands as the prices of 2 securities advanced, 11 declined and 4 remained unchanged leading to market Index declining 45.44 points to 2,948.96.
Trading on Monday, resulted in an exchange of 2,397,751 units valued at $13,589,523 compared to 1,089,369 units valued at $4,857,835 from 20 securities changing hands on Friday.
At the close of market activities, an average of 141,044 units traded for an average of $799,384 in contrast to 54,468 units for an average of $242,892 on Friday. The average volume and value for the month to date amounts to 113,513 units valued at $558,525 and previously 112,183 units valued at $546,893. In contrast, October closed with average of 74,690 units valued at $362,548 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ended with bids higher than their last selling prices and 5 with lower offers.
At the close of the market, Access Financial closed with a loss of $1 at $40, with 20,400 shares, Cargo Handlers ended trading with a loss of $1.15 at $10.85, with 19,062 stock units, Caribbean Cream finished with a loss of 5 cents at $5.50, with 10,121 shares, Express Catering ended at $4.50, with 19,030 stock units, Eppley concluded trading with a loss of 50 cents at $11, with 388 units changing hands, Honey Bun settled with a loss of 70 cents at $4, with 12,500 shares. Iron Rock settled at $2.80, with 93,662 shares, Jamaican Teas traded with a loss of 20 cents at $4, with 101,260 units, Jetcon Corporation finished trading with a loss of 10 cents at $4.60, with 87,865 shares, Key Insurance ended with a loss of 75 cents at $4, with 1,000 stock units, Knutsford Express closed with a loss of 50 cents at $13, with 1,929 shares. Lasco Distributors settled 62 cents higher at $5.69, with 1,200,172 shares, but traded during the morning session at a 52 weeks’ intraday low of $4.50 before recovering ahead of the close. Lasco Financial ended trading with a loss of 8 cents at $6.22, but traded as low as $5.25, and traded 189,907 stock units by the close. Lasco Manufacturing traded at $3.95, with 21,964 units. Main Event closed 39 cents higher at $6, with 418,028 shares, Paramount Trading concluded trading with a loss of 35 cents at $3.15, with 46,753 units, and Stationery and Office ended trading at $5.05, with 153,710 stock units.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , ,

Jamaican stocks shed more blood – Friday

November 24, 2017 by

It was an all reds day in trading on the Jamaica Stock Exchange on Friday with all market indices falling. In the main market 23 securities changed hands, 8 advanced, 8 declined and 7 traded firm.
The JSE All Jamaican Composite Index dropped 2,030.31 points to 309,636.69 and is now just above support level on the technical channel that it broke through in October as the market retest support. The JSE Index dived 1,849.84 points to 282,114.05.
Trading ended with 10,390,820 units valued at $339,090,865 compared to 3,984,045 units valued at $54,400,232 on Thursday with an average of 451,775 units for an average of $14,743,081, in contrast to 189,716 units for an average of $2,590,487 on Thursday. The average volume and value for the month to date, amounts to 333,369 units valued at $5,463,149 and previously 326,475 units valued at $4,922,799. In contrast, October closed with an average of 1,185,251 units valued at $16,528,582 for each security traded.
The US dollar market index fell 9.06 points to 168.15 as 2 securities traded lower with a volume of 26,719 units valued at US$29,135. Trading in both markets lead to a volume of 10,417,539 units valued at J$$342,761,884.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 1 with lower offers.
In the US dollar market JMMB Group 6% US dollar preference share traded 25,841 units at $1.12, down from $1.121 previously and Proven Investments traded 878 ordinary shares at 22 US cents after slipping 2 cents.
The main movers for the day were, Caribbean Cement ended with a loss of $2.49, NCB Financial Group dropping $4.40 and Sagicor Group gaining $1.10. PanJam Investment traded 4,370,132 shares, Sagicor Group traded 3,011,732 units and Supreme Ventures settled with 1,109,526 shares.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , ,

Juniors down sharply with 9 losers

November 24, 2017 by

The Junior Market of the lost much grounds on Friday on a day when all the Jamaica Stock Exchange indices declined. The Junior Market Index declined 50.10 points to close at 2,994.40 and follows a 22 points fall on Thursday.
Trading on the ended with the prices of 9 securities declining, 3 rising, and 7 remained unchanged with 20 securities changing hands, resulting in an exchange of 1,089,369 units valued at $4,857,835 compared to 1,766,060 units valued at $7,828,514 on Thursday, from 22 securities.
Trading ended with an average of 54,468 units for an average of $242,892 in contrast to 80,275 units for an average of $355,842 on Thursday. The average volume and value for the month to date amounts to 112,183 units valued at $546,893 and previously 115,661 units valued at $565,207. In contrast, October closed with average of 74,690 units valued at $362,548 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 3 with lower offers.
At the close of the market, Access Financial closed with a loss of 1 cent at $41, with 127 shares, Cargo Handlers ended trading 99 cents higher at $12, with 1,000 stock units, Caribbean Cream finished at $5.55, with 600 shares, Caribbean Producers traded with a loss of 30 cents at $4.20, with 50,447 units, Express Catering ended 10 cents higher at $4.50, with 31,819 stock units, General Accident finished at $2.70, with 31,827 shares. Honey Bun settled with a loss of 10 cents at $4.70, with 2,065 shares,

The chart now carries the dividends declared fro the last twelve months and the yields based on the last traded price of each stock.

Jetcon Corporation finished trading 20 cents higher at $4.70, with 64,610 shares, Knutsford Express closed at $13.50, with 16,000 shares, KLE Group concluded trading at $2.51, with 20,000 units. Lasco Distributors settled with a loss of 91 cents at $5.07, with 126,874 shares, Lasco Financial ended trading with a loss of 20 cents at $6.30, with 105,085 stock units, Lasco Manufacturing traded with a loss of 10 cents at $3.95, with 93,851 units. Main Event closed with a loss of 28 cents at $5.61, with 42,720 shares, Paramount Trading concluded trading at $3.50, with 411,784 units, Iron Rock settled at $2.80, with 17,900 shares, Stationery and Office ended trading with a loss of 8 cents at $5.05, with 71,214 stock units. Sweet River traded at $3.86, with 1,000 units and tTech finished trading with a loss of 1 cent at $6.99, with 252 shares. In the junior market preference segment, Eppley 8.25% traded 194 units at $6.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , ,

Highest valued Jamaican$ since mid-2016

November 24, 2017 by

The Jamaican dollar made its strongest gains against the US dollar in November in foreign exchange trading on Friday, with it taking 20 cents less to buy the US dollar than on Thursday.
On Friday, the rate of exchange to buy the US dollar by the public, dropped to $126.34 as dealers sold US$28.17 million of the US dollar, compared to US$25.95 million at an average rate of $126.54 on Thursday.
Friday’s rate is the lowest since July 20, 2016, when the average rate ended at $126.36. The currency also appreciated from J$128.27 at the end of 2016. US currency purchases amounted to US$35.34 million on Friday, at an average rate of $125.46, compared to Thursday, with US$23.03 million at $125.27.
The gain took place in a remarkable month for the local dollar, with the rate closing at the end of October at $127.29 and now seeming as it could break below the $126 mark by the end of November. The local currency came under pressure in early September, as Jamaicans secured funds to invest in new bonds government of Jamaica was issuing to retire older expensive debt. The payout of the retiring bonds left the market flooded with US dollars. Demand waned for the US dollar, leading to sell off since mid-September, after the US dollar peaked against the Jamaican dollar at J$131.31, with the rate retreating weekly since.
The fate of the currency is now in the hands of the central bank, as the country enters a period of heighten inflows and relatively less demand up to April. For November, the central bank selling to the market by way of auction was limited US$27 million with the last two weeks being $4 million each. The central bank indicates that market intelligence suggest no need to intervene on the sell side for the first two weeks in December.
Trading volumes in the market for this past week, fell to the lowest, for November, with US$223 million Inflows and outflows of US$217 million compared to inflows in the previous weeks of US$252 million to $271 million and outflows of US$240 million to US$281 million of all currencies.
Dealers’ purchased US$43.45 million, versus US$24.92 million on Thursday in all currencies in Jamaica’s forex market and sold US$34.28 million compared with US$26.96 million of all currencies sold, previously.
The selling rate for the Canadian dollar rose to J$99.50 from J$99.41 at the close on Thursday. The selling rate for the British Pound dropped to J$167.32 versus J$168.40 previously and the euro fell value against the Jamaican dollar, rising to J$148.92 to buy the European common currency, versus prior selling rate of J$151.68.

Filed Under: Feature Stories, FX Market Tagged With: , , , , , , , , , ,

Altitude lost by JSE main market

November 24, 2017 by

NCB Financial Group dropped $4.40 on the JSE on Friday.

The Jamaica Stock Exchange All Jamaican Composite Index dropped 2,030.31 points to 309,636.69, just above support level on the technical chart, as it retest support around that level. The JSE Index dived 1,849.84 points to 282,114.05.
Trading ended with 10,390,820 units valued at $339,090,865 from 23 securities changing hands, 8 advanced, 8 declined and 7 traded firm.
In the main activity, Barita Investments concluded trading at $8, with 20,000 units, Berger Paints finished with a loss of 39 cents at $16.50, with 126,300 shares, Cable & Wireless settled with a loss of 11 cents at $0.99, with 475,341 shares, Caribbean Cement ended trading with a loss of $2.49 at $32.01, with 1,455 stock units. Carreras traded with a loss of 45 cents at $11.05, with 116,095 units, Grace Kennedy closed 44 cents higher at $43.44, with 1,661 shares, Jamaica Broilers ended with a loss of 50 cents at $17.50, with 2,044 stock units, Jamaica Producers concluded trading 50 cents higher at $16, with 12,982 units. JMMB Group settled with a loss of 40 cents at $27.95, with 13,068 shares, Kingston Wharves traded 50 cents higher at $33, with 8,900 units, Mayberry Investments finished trading 10 cents higher at $5.10, with 5,333 shares, NCB Financial Group closed with a drop of $4.40 to $95, with 121,584 shares. 1834 Investments ended at $1.30, with 2,500 stock units trading, PanJam Investment concluded trading at $41.50, with 4,370,132 units, Portland JSX finished with a loss of 10 cents at $9, with 10,749 shares, Radio Jamaica ended trading 7 cents higher at $1.07, with 5,605 stock units, Sagicor Group traded $1.10 higher at $38.10, with 3,011,732 units. Sagicor Real Estate Fund finished trading 50 cents higher at $14.50, with 11,669 shares, Scotia Group ended at $51.20, with 327,028 stock units, Seprod concluded trading 20 cents higher at $32.20, with 2,489 units and Supreme Ventures settled at $10.50, with 1,109,526 shares.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , ,

Trading in JSE main market slips – Thursday

November 23, 2017 by

Trading on the Main Market of the Jamaica Stock Exchange ended on Thursday with 21 securities changing hands, 7 advanced, 7 declined and 5 traded firm with 3,984,045 units valued at $54,400,232 compared to 4,352,178 units valued at $47,081,186 on Wednesday.
The US dollar market index rose 16.05 points to 177.21 as 3 securities traded with 1 gaining and 1 declining with a volume of 121,007 units valued at US$42,576. Trading in both markets lead to a volume of 4,105,052 units valued at J$59,786,120.
The JSE All Jamaican Composite Index declined by 100.62 points to close at 311,667.00 and the JSE Index declined by 91.68 points to close at 283,963.89.
Trading ended with an average of 189,716 units for an average of $2,590,487 in contrast to 167,391 units for an average of $1,810,815 on Wednesday. The average volume and value for the month to date amounts to 326,475 units valued at $4,922,799 and 356,050 units valued at $5,384,915, previously. In contrast, October closed with an average of 1,185,251 units valued at $16,528,582 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Major movements took place in, Caribbean Cement that jumped $2.49, NCB Financial Group climbing $1.90, Scotia Group losing $1.30, Sterling Investments finishing with a loss of $1 while Radio Jamaica traded 2.2 million shares at a new 52 weeks’ low of $1.

Filed Under: Feature Stories, JSE Main Market, Stock Market