Archives for August 2019

Once Upon a Time in Hollywood– The Golden Age

August 31, 2019 by IC Insider.com

Leonardo DiCaprio tries to achieve fame and success in Once Upon a Time in Hollywood.

A faded television actor and his stunt double strive to achieve fame and success in the film industry during the final years of Hollywood’s Golden Age in 1969 Los Angeles.
Once Upon a Time in Hollywood is a comedy-drama written and directed by Academy Award® winner Quentin Tarantino. The film stars Academy Award® winners Leonardo DiCaprio, Brad Pitt, and Al Pacino, Academy Award® nominees Margot Robbie and Bruce Dern, alongside Emile Hirsch, Margaret Qualley, Timothy Olyphant, Austin Butler and Dakota Fanning.
The Art of Racing in the Rain– Navigating the journey of life
Through his bond with his owner, aspiring Formula One race car driver Denny, golden retriever Enzo learns that the techniques needed on the race track can also be used to successfully navigate the journey of life.

Cats is a Chinese animated film directed by Gary Wong and produced by Viva Pictures Release.

The Art of Racing in the Rain is a comedy-drama directed by Simon Curtis and written by Mark Bomback, based on the 2008 novel of the same name by author Garth Stein. The film stars Milo Ventimiglia (NCB’s This is Us), Amanda Seyfried (Mean Girls/Mama Mia!) and Academy Award® winner Kevin Costner as the voice of Enzo.
Cats – Escape to Paradise
A cat named Blanket has long been living in a high-rise apartment in the city with his son, Cape.

A golden retriever learns from his owner Milo Ventimiglia The Art of Racing in the Rain.

One day, curious about the outside world, Cape decides to leave home and embarks on an adventure to find the legendary cat’s paradise. To find his son, Blanket must overcome his fear and reconcile with his past, with the help of a female Macaw.
These movies are now featured at Palace Amusement Company’s cinemas in Kingston, Montego Bay and now at their newest movie house in Portmore, the Sunshine Palace.

Filed Under: At the Movies Tagged With: Cats, Once Upon a Time in Hollywood, Palace Amusement Company, Sunshine Palace, The Art of Racing in the Rain

JSE main market turns north

August 30, 2019 by IC Insider.com

The Jamaica Stock Exchange main market closed higher on Friday, following days of declines earlier in the week as investors pushed prices down for five days ahead moving the majority upon the final trading day of August.
The market ended, with 42 securities trading in the main and US dollar markets, leading to 17 securities advancing, 13 declining and 6 trading firm, compared to 38 securities trading on Thursday.
The All Jamaican Composite Index climbed 3,806.39 points to close at 571,532.50, the JSE Index advanced by 3,491.26 points to 520,410.28 but the JSE Financial Index lost 0.25 points to end at 140.70. The main market ended up with a strong 37 percent for the year to date and the JSE Financial Index pushed 40.7 percent higher since it started in March.
Radio Jamaica traded at a 52 weeks’ high of $2.58 but pulled back to close at $2.07 at the end of the day to be up 144 percent for the year to date and the second best-performing stock on the main market after Jamaica Stock Exchange 175 percent year to date gain.
Market activity ended with 24,252,652 units valued at $191,230,760, in contrast to 26,941,759 units valued at $106,274,247 crossing the main market on Thursday.
Sagicor Select Fund was the leading traded stock with 13.44 million shares accounting for 55.4 percent of total volume, Wigton Windfarm followed with 3.6 million units accounting for 15 percent of the day’s trade and Radio Jamaica with 3.1 million shares for 13 percent of the main market’s volume.
Trading closed with an average 638,228 units valued $5,032,388 for each security traded, in contrast to 748,382 units for an average of $2,952,062 on Thursday. The average volume and value for the month to date amounts to 1,743,431 units valued at $9,907,963 and previously, 1,802,087 units valued at $10,180,422 for each security traded. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than their last selling prices and 5 with lower offers.
In the main market activity, Berger Paints fell 77 cents in trading of 3,099 units at $18.23, Caribbean Cement lost $5.05 trading 7,375 shares to close at $83, Jamaica Broilers gained $1.5 to end at $36.50, trading 31,274 shares. JMMB Group decline 20 cents in trading of 1,720,151 units at $50.50, Jamaica Producers lost 50 cents in trading of 177 units at $27.50, Jamaica Stock Exchange lost $3.96 trading 118,908 units to close at $25, Kingston Wharves gained $2.50 to end at $65, in trading 400 shares. NCB Financial ended with a loss of $1 to end at 210 with 135,434 stock units changing hand, PanJam Investment climbed 96 cents in exchanging 5,141 shares at $102.99, Portland JSX climbed 50 cents in swapping 10,000 shares at $8, Proven Investments fell $2.49 trading 3,420 units to close at $37.50. Pulse Investments lost 34 cents to settle at $3.25 while trading 49,885 shares, Radio Jamaica dipped 31 cents in trading of 3,108,588 units to end at $2.07 after trading at a 52 weeks’ high of $2.58, Sagicor Group close with a loss of $2 to sit at $71 in swapping of 66,216 shares. Sagicor Real Estate Fund ended trading with 208,900 shares, after rising 45 cents to end at $ 11.25, Seprod gained $4 to end at $56 with 10,970 stock units changing hands, Scotia Group gained $2.51 to end at $57.50 with 282,997 stock units trading. Supreme Ventures closed trading of 10,229 units and gained 80 cents to end at $26. Victoria Mutual closed with a loss of 31 cents at $7.99 trading 725,900 units at $7.99 and Wisynco Group climbed $1.15 with 291,598 shares changing hands, to settle at $24.
Trading in the US securities market resulted in 164,058 units valued $20,560 changing hands with EPPLEY 5% preference share traded 1,000 units at 98 US cents, JMMB Group 5.75% with 3,200 units at JMMB Group 6% preference share rose 1 cent with 300 units to close at US$1.01, Proven Investments concluded trading of 123,418 shares and settled at 26 US cents, Sterling Investments with 21,657 units 0.221 US cents and Sygnus Credit Investments traded 141,289 shares with a rise of 1.5 cents to 13.5 US cents. The JSE USD Equities Index advanced 0.47 points to close at 190.72.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Junior Market closed on a high- Friday

August 30, 2019 by IC Insider.com

Jamaican Teas traded the most shares on Thursday

Jamaican Teas CEO, John Mahfood – the company had the largest volume traded on Friday with a director selling the bulk of it.

The Junior Market of the Jamaica Stock Exchange closed on Friday after a big rise in the level of trading with Jamaican Teas dominating with 10 million units and Caribbean Producers 1 million units.
Trading ended with 31 securities changing hands, resulting in an exchange of 12,721,566 units valued at $72,975,684 compared to 3,173,551 units valued at $18,232,682 from 28 securities trading on Thursday. Market activities ended with prices of 10 securities rising, 10 falling and 11 remaining unchanged with the Junior Market Index adding 26.63 points to 3,585.94. The market gained 123.40 points or 4 percent for August and is up 10.4 percent for the year to date.
Trading ended with an average of 410,373 units at $2,354,054 for each security traded, in contrast to 113,341 units for an average of $651,167 on Thursday. The average volume and value for the month to date amounts to 232,398 units valued at $1,072,851 and previously 223,248 units at $1,006,985 for each stock traded. In contrast, July ended with an average of 138,412 units at $563,215 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 5 closing with lower offers.
Stocks closing with price changes|Blue Power dropped 50 cents in trading of 13,261 units in closing at $8, Cargo Handlers declined 43 cents exchanging 2,000 shares to settle at $10.57, Consolidated Bakeries closed with a loss of 7 cents at $2, swapping of 100 shares. Everything Fresh ended with a loss of 1 cent at $1.39 with 12,000 stock units changing hands, Elite Diagnostic fell 1 cent to close at $6.99 with 6,630 stock units changing hands, Fontana ended trading with 310,347 shares, after rising 20 cents to end at $8.20. iCreate ended with a loss of 1 cent at 87 cents with 6,059 stock units changing hands, Indies Pharma ended trading with 3,970 shares, after rising 2 cents to end at $3.42, Iron Rock Insurance closed 20 cents higher at $4.20, with 300 stock units trading, ISP Finance lost $3.49 in trading 556 shares to close at $17.51. Jamaican Teas declined 5 cents to settle at $5.85 in trading 10,134,244 shares. Jetcon Corporation climbed 20 cents and exchanged 28,011 shares at $2.20, Knutsford Express climbed $1.30 to settle at $12.50 with 22,223 shares changing hands, Limners and Bards ended trading with 356,168 shares, after rising 10 cents to end at $3.20, Lasco Distributors exchanged of 75,626 units and gained 12 cents to end at $3.32. Lasco Financial ended market activity exchanging 55,470 shares to close at $5 after falling 15 cents, Lasco Manufacturing climbed 30 cents with 178,292 shares crossing the exchange at $5.60 at the close, Medical Disposables gained $1.09 to end at $8.59 with 30,144 stock units trading. Paramount Trading ended with a loss of 1 cent at $1.99 with 33,800 stock units changing hands and Stationery and Office Supplies ended with a loss of 1 cent at $12.49 with 25,691 stock units changing hands. In the junior market preference segment, CAAC 2000 gained 24 cents exchanging just 100 shares at $1.14.

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: Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Producers, Consolidated Bakeries, Daily Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity, tTech

No increases on TTSE on Friday

August 30, 2019 by IC Insider.com

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Trading on the Trinidad & Tobago Stock Exchange ended on Friday with 13 securities changing hands, compared to 15 on Thursday and ended with no stock advancing, 5 declining and 8 remaining unchanged.
Three stocks closed at 52 weeks’ low as 271,001 shares at a value of $5,097,064 crossed the exchange compared to 585,230 shares valued $8,422,142 on Thursday.
At the close of the market, the Composite Index lost 0.13 points on Friday to 1,382.84. The All T&T Index gained 0.25 points to 1,755.14, while the Cross Listed Index remained unchanged to close at 136.84.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 3 stocks closing with the bids higher than the last selling prices and 4 with lower offers.
Gains| There were no stocks trading with gains at the close on Friday.
Losses| CinemaOne lost 40 cents to close at a 52 weeks’ low of $8 with an exchange of 180 shares, National Flour traded 1,700 shares after falling 1 cent to end at $$1.64. Scotia Group lost 48 cents closed at a 52 weeks’ low $59, with an exchange of 1,865 stock units, Trinidad & Tobago NGL traded 81,869 units and lost $1 to close at a 52 weeks’ low of $24 and West Indian Tobacco dropped $1 to end at $106 with 500 shares crossing the exchange.
Firm Trades| Ansa McAl traded 46,300 shares at $55.20, Clico Investment Fund settled unchanged at $24.18, with 6,368 stock units changing hand, First Citizens Bank closed in trading of 476 units at $40.10. Grace Kennedy traded 1,201 shares and closed unchanged at $3.29, National Enterprises exchanged of 113,294 shares at $6, NCB Financial Group traded 59,287 shares unchanged at $10.01, Sagicor Financial closed trading of 4,985 units to close at $10.45 and Unilever Caribbean traded 4,541 shares and closed at $24.75.

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

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Mcal, Cinemaone, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Citizens, Grace Kennedy, National Enterprises, National Flour, NCB Financial Group, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean, West Indian Tobacco

JSE main market down again – Thursday

August 29, 2019 by IC Insider.com

The Jamaica Stock Exchange main market dropped again on Thursday, following declines on Monday and Tuesday with falling stocks being greater than advancing ones.
The market ended, with 40 securities trading in the main and US dollar markets, leading to 17 securities advancing, 13 declining and 10 closing trading unchanged, compared to 36 securities trading on Wednesday.
At the close, the All Jamaican Composite Index declined by 1,739.12 points to close at 567,726.11, the JSE Index dropped 1,554.78 points to 516,919.02 and the JSE Financial Index lost 0.46 points to end at 140.95.
Radio Jamaica traded at a 52 weeks’ high of $2.38 and Eppley Property Fund traded at a high of $50 during the day.
Market activity ended with 26,941,759 units valued at $106,274,247, in contrast to 28,858,713 units valued at $171,067,891 crossing the main market on Wednesday.
Sagicor Select Fund was the leading traded stock with 16.3 million shares accounting for 61 percent of total volume, Wigton Windfarm followed with 5.4 million units accounting for 20 percent of the day’s trade and Radio Jamaica with 2 million shares for 8 percent of the main market’s volume.
Trading closed with an average 748,382 units valued at $2,952,062 for each security traded. In contrast to 848,786 units for an average of $5,031,409 on Thursday. The average volume and value for the month to date amounts to 1,802,087 units valued at $10,180,422 and previously, 1,857,872 units valued at $10,584,492 for each security traded. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than their last selling prices and 5 with lower offers.
In the main market activity, Barita Investments gained 60 cents to end at $72, in trading 8,117 shares, Berger Paints traded 21,237 shares and rose 77 cents to close at $19, Eppley Caribbean Property Fund listed on the exchange on Thursday and rose $.82 to close at a record high of $50 in exchanging 6,000 shares. Eppley gained $1 to settle at $17 with 25,000 shares changing hands, Jamaica Broilers climbed 50 cents to settle at $35 with 94,258 shares trading, Jamaica Producers climbed $3 to settle at $28 with 7,064 shares changing hands, Jamaica Stock Exchange lost 63 cents to end at $28.96 with 65,367 stock units trading. JMMB Group lost 30 cents to end at $50.50 with 27,522 stock units trading, NCB Financial gained $1.40 to settle at $211 with 36,419 shares changing hands, Portland JSX gained 50 cents to end at $7.50, trading 15,000 shares, Radio Jamaica climbed 43 cents to close at a 52 weeks’ high of $2.38 with an exchange of 2,063,550. Sagicor Group added 49 cents to end at $73, in trading 46,860 shares, Sagicor Real Estate Fund lost 70 cents to end at $10.80, in trading 51,105 shares, Sygnus Credit Investments dipped $1.50 to end at $21, trading 67,161 stock units, Seprod gained 62 cents to end at $52, while trading 100,878 shares. Supreme Ventures lost $1.30 to end at $25.20, trading 71,034 shares and Wisynco Group rose 85 cents to settle at $22.85 with 96,697 shares changing hands.
Trading in the US securities market resulted in 128,218 units valued $36,736 changing hands with JMMB Group 5.75% with 3,200 units at JMMB Group 6% preference share rose 1 cent with 300 units to close at US$1.01, Proven Investments concluded trading of 123,418 shares and settled at 26 US cents and Sygnus Credit Investments traded 1,300 share with a fall of 1 cent to 12 US cents and leading the JSE USD Equities Index to decline 1.08 points to close at 190.25.

Junior Market down for second day – Thursday

August 29, 2019 by IC Insider.com

The Jamaica Stock Exchange Junior Market Index declined 17.30 points to close at 3,559.31 on Thursday, with 28 securities trading with the prices of 10 securities rising, 12 declining and 6 remaining unchanged.
At the close of market activities, 3,173,551 units valued at $18,232,682 traded, compared to 3,564,010 units valued at $18,775,947 from 31 securities changing hands on Wednesday.
Trading ended with an average of 113,341 units for an average of $651,167 in contrast to 114,968 units for an average of $605,676 on Wednesday. The average volume and value for the month to date amounts to 223,248 units at $1,006,985 and previously 228,600 units at $1,024,311 for each security traded. July ended with an average of 138,412 units at $563,215 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks closing with higher bids than their last selling prices and 2 that closed with lower offers.
Stocks ending with price changes| AMG Packaging ended trading with a loss of 1 cent at $2.29 with 41,456 stock units changing hands, Blue Power dipped 49 cents in trading 3,684 units at $8.50, Caribbean Cream closed 22 cents higher at $5.50, with 8,301 stock units trading, Caribbean Producers shed 3 cents exchanging 63,197 units at $4.75. Consolidated Bakeries ended trading with 800 shares, after rising 1 cent to end at $2.07, Dolphin Cove closed 25 cents higher at $12, with 7,975 stock units crossing the exchange, Derrimon Trading swapped 10,000 shares and rose 10 cents to end at $2.80. Elite Diagnostic ended trading with 152,751 shares, after rising 1 cent to close at $7, Fontana declined 50 cents in exchanging 240,434 units at $8, General Accident ended market activity with 9,350 shares changing hands to close at $6 after falling 20 cents, GWest Corporation climbed 1 cent and exchanged 500 shares at $1.30. Indies Pharma lost 2 cents in trading 284,628 shares to close at $3.40, Iron Rock Insurance ended market activity exchanging 136,626 shares to close at $4 after falling 20 cents, Jamaican Teas ended with a loss of 1 cent at $5.90 with 1,865,619 stock units changing hands. Knutsford Express ended trading with 81,435 shares, after rising 10 cents to end at $11.20, Limners and Bards closed 9 cents higher at $3.10, with an exchange of 150,067 stock units, Lasco Distributors lost 30 cents in trading of 5,440 units at $3.20, Lasco Financial swapped 55,899 shares, after rising 5 cents to end at $5.15. Lasco Manufacturing shed 20 cents and ended market activity exchanging 7,998 shares to close at $5.30. Main Event ended trading with 4,510 shares, after rising 26 cents at $6.86, Stationery and Office Supplies gained 49 cents to end at $12.50 with an exchange of 3,984 shares and tTech ended market activity with 11,720 shares changing hands to close at $6.70 after falling 25 cents.

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: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity, tTech

3 way tie in TTSE movement on Thursday

August 29, 2019 by IC Insider.com

Trading on the Trinidad & Tobago Stock Exchange ended on Thursday with 15 securities changing hands, compared to 12 on Wednesday and ended with 5 advancing, 5 declining and 5 remaining unchanged.
Three stocks closed at 52 weeks’ low and one at a 52 weeks’ high as 585,230 shares valued $8,422,142 crossed the exchange from 19 securities trading compared to 528,435 shares valued $3,191,853 on Wednesday
At the close of the market, the Composite Index lost 1.06 points on Thursday to 1,382.97. The All T&T Index declined 2.09 points to 1,755.39, while the Cross Listed Index remained unchanged points to close at 136.84.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 3 stocks closing with the bids higher than the last selling prices and 4 with lower offers.
Gains| Agostini’s rose 25 cents to close at a 52 weeks’ high of $24 in exchanging 511 shares, Angostura Holdings traded 5,100 shares after rising 5 cents to close at $15.84, Clico Investment Fund rose 3 cents to settle at $24.18, with 1,630 stock units changing hands. First Citizens Bank closed with a rise of 8 cents in trading of 1,510 units at $40.10 and Republic Financial gained 4 cents and settled at $121.33, with 736 stock units changing hands.
Losses| Massy Holdings lost 45 cents and settled at $54.05 with 480 stock units trading, National Enterprises lost 2 cents settled at a 52 weeks’ low of $6, with an exchange of 1,863 shares, National Flour traded 2,730 shares after falling 3 cents to end at $$1.65. Scotia Group lost 2 cents closed at a 52 weeks’ low $59.48, with an exchange of 500 stock units and Trinidad & Tobago NGL traded 81,869 units and lost 50 cents to close at a 52 weeks’ low of $25.
Firm Trades| Ansa McAl traded 1,290 shares at $55.20, Ansa Merchant Bank exchanged 27,858 shares to end at $36, First Caribbean International Bank traded 270 stock units at $8.50, Guardian Holdings closed unchanged at $18.01, after exchanging 25,000 shares. NCB Financial Group traded 110,000 shares unchanged at $10.01 and Sagicor Financial closed trading of 328,983 units to close at $10.45.

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

Filed Under: Stock Market, TTSE Market Tagged With: Agostini's, Angostura Holdings, Ansa Mcal, Ansa Merchant Bank, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, National Enterprises, National Flour, NCB Financial Group, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE

RJR/Gleaner charting new course

August 29, 2019 by IC Insider.com

RJR/Gleaner launched TVJ International with 24 hours service in the Cayman Islands in August and two other Caribbean Countries are in line with other countries also showing interest in the service.
The launch of a new TV service is just one of a number of changes to the group’s services that the directors updated more than 160 shareholders attending the annual general meeting held at the Jamaica Pegasus Hotel in Kingston today. The vast majority of RJR shareholders in attendance continue to be representative of the older loyal RJR AM listeners.
Some of the several changes that the group is undertaking including merging of certain operations will lead to greater efficiency, reduced rental and personnel cost. Work is being carried out to expand RJR 94 in areas that currently have room for improved coverage that is expected will lead to greater listenership and ultimately increased revenues. A number of transmission sites were merged with existing ones in the past financial year, reducing rental expenses, electricity, repairs and maintenance.
A raft of changes within the group that are underway if successful, will result in major changes to the group and generate increased revenues and profit as well as a number of new revenue-generating services. The effect, the future will look markedly different than the past, with digital technology playing an increasing role in providing services and driving revenues not only locally but globally.
Shareholders were told that the main reasons for the loss of $22 million made for the year to March 2019 were due to losses in staging the FIFA World Cup in 2018 amounting to approximately $40 million and adjustments occasioned by adopting new accounting standards that accounted for $60 million in added cost. The group nevertheless recorded growth in revenues across all segments of the business, with TV revenues climbing 16 percent, audio mainly radio up 4 percent and print 4 percent.

RJR shareholders at the 2019 AGM at the Jamaica Pegasus

All companies within the group will be on one accounting platform that will allow for the completion of financial statements within five days of the month-end. The move will also result in reduced costs in maintaining accounting records.
The group saw a major turnaround in fortunes in the first quarter to June for the 2020 fiscal year, with profit of $24 million up from a loss of $70 million in 2018 although revenues from sales rose modestly to $1.36 billion from $1.35 billion but gross profit jumped to $700 million from $597 million. The improved position in the quarter over 2018 is due primarily, to losses incurred in staging the World Cup matches in 2018 that has no recurred in 2019 and good growth in regular revenues in the 2019 quarter. IC Insider.com forecast is for earnings of 25 cents per share for the current fiscal year and 35 cents for the 2021 fiscal year. RJR’s stock price started the year at 85 cents has gained 129 percent so far and closed trading at $1.95 the Jamaica Stock Exchange on Wednesday with a PE of 8 times current year’s earnings.

Filed Under: Buy Rated, Company News, Company Results Tagged With: Emerging markets, FIFA World Cup, Jamaica Stock Exchange, Radio Jamaica, RJR/Gleaner

JSE main market down again – Wednesday

August 28, 2019 by IC Insider.com

The Jamaica Stock Exchange main market dropped again on Wednesday, following declines on Monday and Tuesday with falling stocks being greater than advancing ones.
The market ended, with 36 securities trading in the main and US dollar markets, leading to 13 securities advancing, 17 declining and 6 trading with prices unchanged, compared to 39 securities trading on Tuesday.
At the close, the All Jamaican Composite Index dived 4,471.18 points to close at 569,465.23, the JSE Index dropped 4,063.14 points to close at 518,473.80 and the JSE Financial Index lost 1.30 point to end at 141.41. Radio Jamaica traded at a 52 weeks’ high of $1.99 while Sagicor Select Fund traded at a low of $1.15 during the day.
Market activity ended with 28,858,713 units valued at $171,067,891, in contrast to 26,222,630 units valued at $112,910,151 crossing the main market on Tuesday.
Sagicor Select Fund was the leading traded stock with 15.9 million shares accounting for 55 percent of total volume, Wigton Windfarm followed with 8.9 million units accounting for 31 percent of the day’s trade and Radio Jamaica with 1.37 million shares for 5 percent of the main market’s volume.
Trading closed with an average of 848,786 units valued at $5,031,409 for each security traded. In contrast to 690,069 units for an average of $2,971,320 on Tuesday. The average volume and value for the month to date amounts to 1,857,872 units valued at $10,584,492 and previously, 1,910,982 units valued at $10,894,008 for each security traded. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than their last selling prices and 5 with lower offers.
In the main market activity, Barita Investments lost $2.60 to end at $71.40, in trading 14,951 shares, Caribbean Cement gained $3 to end at $88, in trading 24,529 shares, Eppley fell 95 cents to settle at $16 with 2,041 shares changing hands, Jamaica Broilers climbed 35 cents to settle at $34.50 with 32,906 shares trading. Jamaica Producers climbed $1 to settle at $25 with 9,755 shares changing hands, JMMB Group lost 50 cents to end at $51 with 74,213 stock units trading, Jamaica Stock lost 41 cents to end at $29.59 with 65,367 stock units trading, Kingston Wharves declined 50 cents to end at $62.50, trading 21,680 shares. Mayberry Investments dipped 40 cents to end at $9 with 4,290 stock units trading, NCB Financial dropped $5.40 to settle at $209.60 with 24,688 shares changing hands, PanJam Investment fell $1 to end at $102, trading 953,690 shares, Sagicor Group shed 99 cents to end at $72.51, in trading 60,093 shares. Salada Foods declined $1.99 to end at $30.01, trading 2,000 shares, Sygnus Credit Investments dipped $1.35 to end at $22.50, trading 69,888 stock units, Seprod lost $1.12 to end at $51.38, while trading 34,364 shares. Scotia Group declined $1 to end at $55, with 46,743 shares changing hands, Supreme Ventures gained 50 cents to end at $26.50, trading 71,034 shares and Wisynco Group dropped $2.50 to settle at $22 with 203,995 shares changing hands.
Trading in the US securities market resulted in 14,554 units valued at $3,246 changing hands with Proven Investments concluded trading of 10,812 shares and settled at 26 US cents and Sygnus Credit Investments traded 3,742 share with a rise of 1.4 cents to 13 US cents and leading the JSE USD Equities Index to gain 0.77 points to close at 192.33.

Fall for Junior Market – Wednesday

August 28, 2019 by IC Insider.com

Junior Market stock trading.

The Junior Market of the Jamaica Stock Exchange ended trading on Wednesday with Market Index declined by 36.78 points to close at 3,576.61.
At the close of market activities, 31 securities changing hands resulting in the prices of 10 securities advanced, 14 declined and 7 remained unchanged and exchanged 3,564,010 units valued at $18,775,947. On Tuesday 30 securities traded leading to 2,978,768 units valued at $15,284,957 changing hands.
Trading ended with an average of 114,968 units for an average of $605,676 in contrast to 99,292 units for an average of $509,499 on Tuesday. The average volume and value for the month to date amounts to 228,600 units at $1,024,311 and previously 235,076 units at $1,048,167 for each security traded. July ended with an average of 138,412 units at $563,215 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks closing with higher bids than their last selling prices and none closing with a lower offer.
Stocks ending with price changes| AMG Packaging ended trading with 8,171 shares, after rising 1 cent to end at $2.30, Blue Power ended market activity exchanging 20,741 shares to close at $8.99 after falling 49 cents, CAC 2000 closed trading of 3,000 units and gained 90 cents to end at $16. Caribbean Producers dipped 2 cents in trading of 22,034 units at $4.78, Consolidated Bakeries lost 2 cents in with 98,000 shares changing hands to close at $2.06, Dolphin Cove shed 25 cents trading of 7,866 units at $11.75. Derrimon Trading declined 20 cents to settle at $2.70 trading 68,384 shares, Express Catering closed trading of 333,206 units and gained 2 cents to end at $6.50, Everything Fresh shed 10 cents in swapping of 99,980 units at $1.40, Fosrich closed trading of 35,000 units and gained 73 cents to end at $5.70. Fontana closed 9 cents higher at $8.50, with 336,075 stock units trading, GWest Corporation ended with an exchange of 10,500 shares, after rising 9 cents to end at $1.29, Honey Bun closed 10 cents higher at $7, with 43,250 stock units changing hands. iCreate ended with a loss of 1 cent at 88 cents with 111,925 stock units crossing the exchange, Indies Pharma ended market activity exchanging 267,100 shares to close at $3.42 after falling 8 cents, Jetcon Corporation closed with a loss of 10 cents at $2, swapping of 1,100 shares. KLE Group declined 10 cents in trading of 21,420 units at $2, Limners and Bards ended market activity exchanging 176,195 shares to close at $3.01 after falling 4 cents, Lasco Financial dipped 5 cents trading of 86,799 units at $5.10, Lasco Manufacturing swapped 9,759 shares, after rising 25 cents to end at $5.50. Main Event dropped $1.10 in trading 10,754 shares to close at $6.60, Paramount Trading ended with 11,000 shares changing hands, after rising 31 cents to end at $2. Stationery and Office Supplies traded 36,935 shares, after rising 61 cents to end at $12.01 and tTech ended market activity exchanging 100 shares to close at $6.95 after falling 5 cents.