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Sharp drop in JSE Indices

The Jamaica Stock Exchange had one of its largest fall with the JSE All Jamaican Composite Index dropping 10,996.27 points to 422,043.60 and the JSE Index nosediving 10,018.84 points to close at 384,529.46 … [Read More...]

All Jamaica hits record 433,000 points

NCB Financial traded just over 24,000 shares up to 12.30 PM, but jumped to a record $160 to help push the JSE All Jamaican Composite Index by 14,736.82 points to a record high of 433,224.81 and the JSE … [Read More...]

All Jamaica hits record 427,000 points

The main market of the Jamaica Stock Exchange, has scaled several new highs this trading on Thursday morning on its record run that resulted in the JSE All Jamaican Composite Index hitting a record high of … [Read More...]

All Jamaica hits record 424,461 points

The main market of the Jamaica Stock Exchange, gained in early trading on Thursday and now trades at a record high of 424,461.33 points after rising 5,973.34 while the JSE index rose 5,442.39 to now sit at … [Read More...]

Company News

One time cost hits Broilers Q2 profit

Jamaica Broilers recorded profits attributable to stockholders of $230 million or 22.42 cents per stock unit for the October 2018 quarter, down sharply by 48 percent from $446 million generated in the same … [Read More...]

Blue Power profit jumped 55%

Sales at Blue Power for the half year of its 2019 fiscal year to October, increased 13 percent to $862 million from $761 million for the same period in 2017, while sales for the second quarter to October … [Read More...]

Scotia Group stuck in neutral

Investors could find themselves in shark infested waters if they are not careful with the prices of several stocks now at very high levels. Investors need to be careful of being sucked into attractive … [Read More...]

Barita directors to consider rights issue

Barita Investments advised the Jamaica Stock Exchange that a meeting of the Board of Directors will be held on December 13, 2018, at which the consideration of rights issue of the ordinary shares of the … [Read More...]

Featured Categories

I Create another IPO coming soon

iCreate, a fairly new company that is involved in the creative industry is at an advanced stage of planning to raise funds publicly by way of an IPO, ahead of a potential listing on the Junior Market of the Jamaica Stock Exchange. According to the company’s website, they are a Creative Institute, developed with the aim of filling the gap in skills training … [Read More...]

One time cost hits Broilers Q2 profit

Jamaica Broilers recorded profits attributable to stockholders of $230 million or 22.42 cents per stock unit for the October 2018 quarter, down sharply by 48 percent from $446 million generated in the same period in 2017. The major contributor to the decline was as a result of foreign exchange losses of $231 million. For the half year to October net … [Read More...]

Scotia & Grace out of IC Top 10

The Jamaican stock market saw quite a bit of volatility during the past week resulting from some sharp price movement of some stocks. The pullback could well be that the market will soon be entering the period when institutional investors are likely to enter the market to reposition their portfolio ahead of the start of the new years and could result in a … [Read More...]

Another big drop for JSE main market – Friday  

After the main market of the Jamaica Stock Exchange suffered one of its largest declines in its history, with the JSE All Jamaican Composite Index having dived 10,996.27 points on Thursday, the index plunged another 9,551.77 points on Friday to close at 412,491.83 on a day of mostly falling prices. The JSE Index dropped 8,702.74 points, following the fall … [Read More...]

Modest Junior Market trading on Friday

Trading on the Junior Market of the Jamaica Stock Exchange was modest on Friday with just 60 percent of Thursday’s volume on and just 37 percent of the value. Trading resulted in an exchange of 990,418 units valued at $3,442,516 compared to 1,715,859 units valued at $9,303,423 on Thursday. Trading ended with an average of 43,062 units for an average of … [Read More...]

Mostly modest price change on TTSE – Friday

In market activity on the Trinidad & Tobago Stock Exchange on Friday ended with trading in 11 securities against 17 on Thursday, with 3 advancing, 3 declining and 5 remaining unchanged on a day when both the volume a value of trading fell below Thursday’s levels. At close of the market the Composite Index shed 4.69 points on Friday to 1,305.52. The All … [Read More...]

Blue Power profit jumped 55%

Sales at Blue Power for the half year of its 2019 fiscal year to October, increased 13 percent to $862 million from $761 million for the same period in 2017, while sales for the second quarter to October were up nearly 12 percent to $426 million from $381 million for the same period in 2017. Profits for the six months grew 55 percent to $87 million, from … [Read More...]

Why is Fontana IPO priced so low?

Owners and directors along with their advisors ought to know the value of their company. But this publication must ask the question if Fontana has really done so well and will continue to expand, why is it priced so low? At a premium over net book value of 88 percent, the stock is one of the cheapest of Junior Market listings, with the vast majority selling … [Read More...]

Scotia Group stuck in neutral

Investors could find themselves in shark infested waters if they are not careful with the prices of several stocks now at very high levels. Investors need to be careful of being sucked into attractive profit results that are not based on sustainable earnings. A case in point is Scotia Group. In the July quarter the interim results showed a big jump in … [Read More...]

Fontana IPO set for heavy oversubscription

Fontana's prospectus initial public offer, first mentioned by IC Insider.com is now out but with confusion as to the pricing. The price  seems to be $1.88 except for reserved shares at $1.69 each.   Whether the price is 1.88 or $2 the stock is price very attractively priced for investors at a PE that is well below that of the Junior Market that is will be … [Read More...]

Fontana another IPO another set of errors

Fontana operators of a series of Pharmacies in Jamaica has now released the Prospectus for their initial public offer but like Elite Diagnostic last year, there are errors in this document that needs correction and explanation. This is an unfortunate development for yet another issue, that seems very attractively priced. The directors have all signed off on … [Read More...]

Huge dive in JSE main market – Thursday

After two days of modest gains the main market of the Jamaica Stock Exchange, suffered one of its largest declines in its history, with the JSE All Jamaican Composite Index plunging 10,996.27 points to 422,043.60 and the JSE Index nosediving 10,018.84 points to close at 384,529.46 on a day of modest volume. At the end, 30 securities changed hands in the … [Read More...]