Archives for June 2015

16 junior stocks traded 9 up 2 down

June 2, 2015 by IC Insider.com

Caribbean Cream traded over 700,000 shares and closed at a new all time high on Tuesday

Trading on the Junior Market was one of the busiest for sometime with 16 securities trading resulting in 1,938,775 units changing hands valued at $1,312,464. The JSE Junior Market Index gained 17.19 points to close at 888.47, with the price of 9 stocks advancing, 2 declining and Caribbean Cream, Cargo Handlers and Derrimon Trading preference stock closing at new a 52 weeks’ high, Lasco Financial traded at an intra-day high.
At the close, there were 5 stocks with bids higher than their last selling prices and none with lower offers. The junior market ended with 3 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial trading 500 shares to close at $17, AMG Packaging ending with 800 shares changing hands to close higher by 1 cent at $3.20, Blue Power closed with 6,350 shares trading at $9.50, Cargo Handlers finishing with 205,972 units, closed at a new high of $22.29, after gaining a cent. Caribbean Cream traded 703,034 units to end at $1.25 to gain 10 cents, Caribbean Flavours closed trading with 8,581 shares but lost 5 cents to end at $2, Caribbean Producers with 59,329 shares traded unchanged at $2.80, General Accident Insurance concluded trading with 30,000 shares changing hands to close 10 cents Higher at $2. Honey Bun traded 11,973 units at $2.69 after adding 7 cents.

Jamaican Teas had 10,000 shares changing hands at $3.50, Lasco Distributors traded 62,000 to close 6 cents higher at $1.66, Lasco Financial Services finished trading with 622,000 units, between $1.60 and $1.71 but the price lost 2 cents to $1.65. There was dealing in 201,993 shares of Lasco Manufacturing, the stock closed with an 11 cents rise to $1.40, Paramount Trading ended with just 2,543 units changing hands to gain 15 cents to $3.95, Derrimon Trading 11.75% preference share saw trading in just 900 units with a 25 cents gain to $2.50 and Eppley 9.5% preference share had 12,800 units trading at $6.01.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, Blue Power, Cargo Handlers, Caribbean Flavours, Caribbean Producers (CPJ), Derrimon Trading, Eppley, General Accident, Honey Bun, Lasco, Lasco Manufacturing

15 stocks rose 10 declined on JSE

June 2, 2015 by IC Insider.com

JSE traded at a new all-time high of $4.80 to record a gain of 220% for the year to date

Activity on the Jamaica Stock Exchange, resulted in the prices of 15 stocks rising, 10 declining as 42 securities changed hands, ending in 5,509,275 units trading, valued at $30,879,690, in all market segments.
TheJSE Market Index lost 484.92 points to 99,189.54, theJSE All Jamaican Composite index fell 542.01 points to close at 11109,806.20 and the JSE combined index gained 850.26 points to end at 101,568.60.
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 3 with offers that were lower.
Market activity saw, Cable & Wireless ending with 1,359,285 shares to close at 48 cents, after losing 2 cents but the stock traded as low as 45 cents after the company reported a huge $9 billion loss including an exceptional charge of $7 billion, after trading closed on Monday.

Caribbean Cement had 70,900 shares trading at $5.10, to record a gain of 10 cents. Carreras traded of $51.50 and lost 50 cents but with just 6,272 shares, Desnoes & Geddes had 38,161 units changing hands at $7.50, for a loss of 5 cents, Hardware & Lumber traded 72,196 shares between a new intra-day high of $19 and the closing price of $18, Jamaica Broilers traded 206,666 units to close at $5.25 with a 30 cents loss. Jamaica Stock Exchange traded 5,000 units at a new high of $4.80 after gaining 30 cents. JMMB Group gained 5 cents, with 14,350 shares to close at $8.50. Mayberry Investments traded 183,599 units at $3.09, as the price slipped by 1 cent,

National Commercial Bank traded 24,497 shares at $29.90 and lost 9 cents, Radio Jamaica traded 100,000 shares to remain unchanged at $3. Sagicor Group had 344,180 units trading 5 cents higher to end at $12.05, the company Real Estate Fund ended with 18,186 units trading down by 8 cents at $7.50. Scotia Group traded 309,997 units at $25.30, Supreme Ventures added 117,357 shares at $3.80. Proven Investments had 40,900 changing hands at 20.99 US cents, Jamaica Money Market Brokers 7.50% preference shares closed with 250,900 units trading at $2.11 and Jamaica Money Market Brokers 8.75% preference shares closed with 147,225 units trading at $3.02.

Filed Under: JSE Main Market, Stock Market Tagged With: C&WJ, Caribbean Cement, Carreras, D&G, H&L, Jamaica Broilers, JMMB, JSE Company, Mayberry, NCB, Proven, Radio Jamaica, Sagicor, Scotia, Supreme Ventures, Trading Activity

Main market slips junior up

June 2, 2015 by IC Insider.com

TheJSE Market Index fell 547.63 points to 99,126.83, theJSE All Jamaican Composite index lost 612.11 points to close at 109,736.10 and the JSE combined index lost 485.94 points to end at 101,383.99 and the junior market index rose 3.35 to 874.63.Thirty three securities traded up to 11 am, including 12 junior market stocks, with Cargo Handlers trading 205,972 units at a new high of $22.29 as Mayberry Investments crossed the shares from their in house inventory to a client. Four new 52 weeks’ highs have been recorded, Hardware & Limber at $19, Jamaica Stock Exchange at $4.80, Cargo Handlers at $22.29 and Derrimon preference shares trading at $2.50.
The preference shares section was active with 4 securities trading as investors seek higher yielding investments.

Filed Under: JSE Main Market, Stock Market Tagged With: Cargo Handlers, Carreras, Hardware and Lumber, Jamaica Stock Exchange, JSE Company, Mayberry

J$ mostly stable on Monday

June 1, 2015 by IC Insider.com

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Purchase of all currencies by dealers, amounted to the equivalent of US$47,377,158 on Monday compared with US$35,027,214, on Friday they sold the equivalent of US$47,123,153 versus sale of US$37,165,779 previously, as the Jamaican was fairly stable in trading.
In US dollar trading, dealers bought US$43,312,675 compared to US$31,693,062 on Friday. The buying rate for the US dollar fell 6 cents at $115.58 and US$44,182,307 was sold versus US$35,366,192 on Friday, the selling rate inched up 1 cent to $116.13. The Canadian dollar buying rate rose 47 cents to $91.39 with dealers buying C$2,246,955 and selling C$2,486,972, at an average rate that inched down 14 cents to $93.02. The rate for buying the British Pound dropped $2.02 to $173.94 for the purchase of £1,345,949, while £480,987, was sold, at an average rate that declined by $1.30 to $176.27. At the end of trading it took J$127.31 to purchase the Euro, 53 cents more than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$124.88 for 56 cents more than Friday’s rate. Other currencies bought, amounted to the equivalent of US$262,094, while the equivalent of US$218,753, was sold.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying and the highest selling rates remained unchanged at $116.30, $94.98 and $121.71 respectively. The lowest selling rate dropped $18.32 to $94.98. The highest buying rate for the Canadian dollar rose 45 cents to $93.50. The lowest buying rate gained 17 cents to $73.87, the highest selling rate fell 70 cents to $96.20 and the lowest selling rate fell $1 to $89. The highest buying rate for the British Pound, declined 5 cents to $178.50, the lowest buying rate closed at $142.51, up 8 cents, the highest selling rate climbed $2.93 to $183.72 with the lowest selling rate rising 98 cents to $171.70.

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

2 junior stocks rose & 2 fell

June 1, 2015 by IC Insider.com

Trading on the Junior Market ended with 7 securities trading and 935,632 units changing hands valued at $1,312,464. The JSE Junior Market Index declined 0.65 points to close at 871.28, with the price of 2 stocks advancing, 2 declining and Lasco Financial Services closing at new a 52 weeks’ high.
At the close, there were 5 stocks with bids higher than their last selling prices and none with lower offers. The junior market ended with 3 securities closing with no bids to buy and 10 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Cargo Handlers finishing with only 594 units to close at $22.28, Caribbean Flavours closed trading with 1,667 shares and gained 5 cents to end at $2.05, Caribbean Producers with 43,000 shares trading closed unchanged at $2.80, General Accident Insurance concluded trading with 365,459 shares changing hands to close 12 cents lower at $1.90 but traded as low as $1.70 during the day. KLE Group traded 449,167 units at 75 cents after losing 9 cents, Lasco Financial Services finished trading with 43,000 units, the price gained 1 cent to $1.67. There was dealing in 32,745 Lasco Manufacturing’s shares as the stock traded unchanged at $1.29.

Filed Under: JSE Junior Market, Stock Market Tagged With: Cargo Handlers, Caribbean Flavours, Caribbean Producers (CPJ), General Accident, Lasco, Lasco Manufacturing

Market back to pre-crisis levels

June 1, 2015 by IC Insider.com

Carreras traded at a 52 weeks’ high of $52

Activity on the Jamaica Stock Exchange, resulted in the prices of 15 stocks rising, 6 declining as 28 securities changed hands, ending in 6,921,820 units trading, valued at $48,898,561, in all market segments.
Stocks trading at new 52 weeks’ high in the main market are, Carreras traded of $52 to gain $2 but with only 800 shares, Jamaica Stock Exchange, Jamaica Broilers and Pan Jamaican.
TheJSE Market Index gained 908.09 points to 99,674.46, theJSE All Jamaican Composite index climbed 1,015.00 points to close at 110,348.21 and

the JSE combined index gained 850.26 points to end at 101,869.93. The close on Monday, places the all Jamaican index back to July 2008 levels.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 11 stocks with bids higher than their last selling prices and 2 with offers that were lower.
Cable & Wireless closed with 341,888 shares trading at 50 cents, Caribbean Cement had 61,057 shares trading at $5, to record a gain of 40 cents. Desnoes & Geddes had 15,250 units changing hands at $7.55, in putting on 12 cents, Jamaica Broilers traded 115,000 units at $5.55 with a 5 cents gain, Jamaica Stock Exchange traded 10,000 units at a new high of $4.50. JMMB Group lost ground by falling 55 cents, with 22,350 shares to close at $8.45 after the investment bank posted earnings of $1.18 per share for the year to March, compared with $1.74 in 2014. The company only made $76 million in the quarter compared to reach $1.93 million compared with $1.85 million at the end of December.

Mayberry Investments traded 127,350 units at $3.10, as the price moved up 10 cents, Pan Jamaican Investment traded 6,473 shares at $60.50 to gain 50 cents, for a new 52 weeks’ high. Radio Jamaica traded 55,622 shares and gained 40 cents to close at $3, the company released results of 32 cents per share for the year to March after trading closed compared with 17 cents in 2014. Sagicor Group had 308,000 units trading at the end at $12, the company Real Estate Fund ended with 3,933,104 units trading 7 cents high at $7.58, Scotia Group traded 261,103 units at $25.30 Seprod 23,580 shares as the price slipped 95 cents to $16.55 and Supreme Ventures added 487,217 shares at $3.80.

Filed Under: JSE Main Market, Stock Market Tagged With: Caribbean Cement, Carreras, D&G, Daily Trading, Jamaica Broilers, JSE Company, Mayberry, Pan Jam, Sagicor, Scotia, Supreme Ventures, Trading Activity

National Flour ends at new high

June 1, 2015 by IC Insider.com

IC Insider Buy Rated NFM closed at a new 52 weeks high on Monday

Trading on the Trinidad Stock Exchange ended with 10 securities changing hands of which 1 advanced, 3 declined and 6 traded firm with a total of 239,670 units, valued at $4,595,311.
At the close of the market, the Composite Index rose 0.03 points to close at 1,159.95, the All T&T Index rose by just 0.19 points to close at 1,968.86 and the Cross Listed Index fell by a mere 0.02 points to end at 46.06.
Gains| National Flour Mills was the only stock increasing in price at the close, with 2,770 shares changing hands, to gain of 8 cents at $1.85, for a new 52 weeks’ high.
Declines| The stocks declining at the end of trading are, National Commercial Bank contributing 6,000 shares while losing 19 cents to close at $1.71, Point Lisas with 1,075 shares trading and closing at $3.80 for a loss of 1 cent and Scotia Investments traded 23,500 shares to close 2 cents lower at $1.47.

Firm Trades| Stocks closing with prices unchanged at the end of trading are, Ansa McAl trading 60 units at $67.05, Clico Investment Fund traded 185,764 units valued at to end at $22.55, First Citizens Bank trading 7,703 shares valued at $275767 to close at $35.80. Massy Holdings with 587 shares closed at $64.10, Prestige Holdings ended with just 100 shares changing hands at $9.90 and Trinidad Cement traded 12,111 units at $2.80.
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 2 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Mcal, clico, First Citizens, JMMB, Massy Holdings, National Flour Mills, NCB, Point Lisas Industrial Port Development, Prestige Holdings, Sagicor, Scotia, Trinidad Cement, TTSE

JSE prices midway trading

June 1, 2015 by IC Insider.com

Filed Under: JSE Main Market, Stock Market

Buy Rated blooming

June 1, 2015 by IC Insider.com

Hardware & Lumber with its Rapid True Value retail arm gained 291% since place on BUY RATED list

Last year was not a great year for IC Insider Buy Rated stocks but quite a number did well, particularly those of the junior market. The same can’t be said for 2015, except in the case of Trinidad stocks that are under pressure mostly from flat earnings and rising interest rates in that country.
Trinidadian stocks have hardly gone anywhere the Jamaican ones are soaring after a long period of drought. There are three triple winners in the main Jamaican market including Hardware and lumber that is up 291 percent since we selected it as Buy Rated. Interestingly, they are no losing stocks in this market. The junior stocks have erased most of the losses suffered earlier and now only two stocks record any losses. Technical indicators are pointing to

the Jamaican rally continuing for the rest of the year with lower inflation and interest rates coupled with continued strong profit gains. Trinidad stocks will continue to be under pressure but there are a few severely undervalued ones in that market that could post decent gains in the months ahead.
Access still has further to go as the future looks good for growth in profits but the price of the stock could be trading around current levels for some time but there is limited volumes available, this one becomes a longer term buy with the price where is currently lies. Caribbean Cream and Paramount seems to have quite some gains to deliver in the months ahead as improving results encourage investors to buy into the growth prospects. Lasco Financial could be going anywhere with Mayberry buying 20 percent and buying more in the market of a stock with limited float and Medical Disposables has good potential to deliver a decent gain.
The main market may have had lots of gains so far but there is much more to come from even some of the top performers such as Jamaica Stock Exchange, National Commercial Bank, Caribbean Cement and Carreras to name a few. Over in Trinidad, Guardian Holdings is undervalued but National Flour is severely undervalued, Trinidad Cement is a huge buy with much upside potential especially with debt restructuring leading to lower interest cost and lower energy cost in Jamaica and Barbados.