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Barita APO to be priced at $80

Barita Investments' directors have approved the issue of 125 million ordinary shares at $80 each, with an option to upsize the amount issued by 62.5 million shares to raise $15 billion in an additional … [Read More...]

Jamaica’s tourist arrivals set for 170K in July

Tourist arrivals for July climbed just over 8 percent above arrivals in June this year, data out of the Sangster International Airport show, with 154,620 passengers arriving up from 142,727 in June. … [Read More...]

30% Cement plant expansion on the blocks

Caribbean Cement Company has decided to expand its plant during the second half of 2022 to increase its production capacity by thirty percent. The company “currently produces and supplies over One Million … [Read More...]

GDP growth underestimated by Jamaica government

The economy's recovery was highly underestimated by GOJ, with taxes on imports rising 22 percent faster than original estimates; nowhere was the forecast understated than in the tourism sector that has … [Read More...]

Company News

Bright profit spots but cloudy elsewhere

A number of listed companies recently posted results for the second quarter of 2021, with some recording a strong rise in revenues and outstanding profits or lower losses than in 2020 and a few with lower … [Read More...]

Is Fesco’s pricing rational?

Investors who bought shares in Future Energy Source in the IPO in April or a few months after are laughing all the way to the bank, with the price providing a gain of 311 percent up to Friday. The recent … [Read More...]

Barita APO to be priced at $80

Barita Investments' directors have approved the issue of 125 million ordinary shares at $80 each, with an option to upsize the amount issued by 62.5 million shares to raise $15 billion in an additional … [Read More...]

Is Barita really worth as much as JMMB?

JMMB Group reported profit at $1.7 billion, for the quarter ending June this year, with comprehensive income, a better measure of assessing management performance, of $3 billion. Barita Investments … [Read More...]

Featured Categories

Stock losses for JSE US Market

Trading ended with the market declining after investors exchanged 39 percent fewer shares for 32 percent less funds on Tuesday than on Monday, on the Jamaica Stock Exchange US dollar market, resulting from declining stocks dominating market activity. Trading ended with no stocks rising after five securities changed hands, up from four on Monday and ended … [Read More...]

Rising stocks outpace losers

Trading closed on Tuesday, with the volume of stocks traded rising 64 percent higher, with the value traded increasing 47 percent over Monday as the Junior Market of the Jamaica Stock Exchange ended with two stocks rising for everyone declining. Market activity ended with 38 securities trading similar to Monday after 16 stocks rose, eight declined and 14 … [Read More...]

Stocks give way in Trinidad

Market activity resulted in an increase in the number of active securities on Tuesday and ended with more stocks falling than rising at the close, with the market declining after trading 29 percent fewer shares, with 63 percent less value than on Monday at the close of trading on the Trinidad and Tobago Stock Exchange. Twenty two securities traded, up from … [Read More...]

NCB sold US$874 million short

The US dollar peaked against the Jamaican currency in July as reflected in Bank of Nova Scotia selling the currency at the highest rate since June at an average of J$157.3698 on July 29 and Citibank selling at an average of US$157.8402. Last Friday, Bank of Nova Scotia sold the US dollar at an average of J$150.3714 and Citibank at $149.08. The indications … [Read More...]

Rising stocks dominate JSE USD Market

Trading on the JSE USD market closed on Monday, with the volume of shares changing hands rising by 27 percent as the value jumped 337 percent over Friday trades and resulting in more stocks rising than falling. Trading ended with four securities changing hands, compared to five on Friday, with prices of three rising and one remaining unchanged. The JSE US … [Read More...]

Modest slippage for Main Market

Market activity ended on Monday with the volume of shares traded jumping 66 percent higher and the value rising 21 percent more than in trading on Friday on the Jamaica Stock Exchange Main Market as stocks rising were fewer than those declining. The All Jamaican Composite Index shed 533.05 points to settle at 446,260.46, the Main Index declined 448.18 … [Read More...]

Falling stocks clobber gainers

Declining stocks controlled trading closed on Monday, with the volume of stocks traded surging 118 percent higher, with the value rising 112 percent over Friday trades and leading to a decline in the Junior Market of the Jamaica Stock Exchange. Market activity led to 38 securities trading compared to 36 on Friday and ended, with seven rising, 22 declining … [Read More...]

Rising T&T stocks beat out decliners

Market activity ended on Monday, resulting in more stocks rising than falling at the close of trading, with the market declining after trading 35 percent fewer shares, with 34 percent less value than on Friday, on the Trinidad and Tobago Stock Exchange. At the close, 20 securities traded up from 16 on Friday, with five stocks rising, three declining and 12 … [Read More...]

Remittances slow from torrid pace

Jamaica’s remittances inflows slowed from the torrid pace experienced between May, last year to May this year, with an increase in June and July of 10 percent each over the record levels of 2020 with increases of 42 percent and 37 percent respectively in 2020 over 2019 and bringing the year to date growth to 30.4 percent, down from 42 percent to May this … [Read More...]

The big winners from tourism rebound

Jamaica tourism arrival numbers are approaching 80 percent of the 2019 figures. That is good news for the country, workers in the industry, and businesses close to the hotel areas and has major implications for listed companies.   Recent data of inward bound passengers through the country’s international airports suggest that tourist arrivals for 2021 … [Read More...]

Lumber back in ICTOP10

Markets keep bouncing around with no clear direction and could be weight down by a number of factors, including rising interest rates as Bank of Jamaica starts its tightening of the financial market, Barita Investments APO that will drain or divert funds from secondary trading of other stocks and the absence of any other major news that could move stock … [Read More...]

Sygnus Real Estate Finance comes up short

The Initial Public Offering Sygnus Real Estate Finance that closed on September 10 came up short of the initial target, with just 1,153 applicants applying for the 207,608,341 shares offered by the company to raise $3.9 billion at $19.30 per share. While the uptake was well below the minimum target it nevertheless, the offer still raised a respectable sum … [Read More...]