Trading on the Junior Market of The Jamaica Stock exchange resulted in a fall in the market index for the third time this week, as the index closed the week under the 2,600 points mark at 2,584.29, after falling 30.72 points on Friday and the week, with a 33.96 points loss.
The day’s activities ended, with 31 securities changing hands, down from 32 on Thursday and ended with the prices of seven stocks rising, 13 declining and 11 closing unchanged. The average PE ratio of the Junior Market ended at ten based on IC Insider.com’s projected earnings for 2020-21.
Investors exchanged of 5,923,133 shares at $14,437,994 compared to 2,672,495 units valued at $9,837,334 on Thursday.
The average trade of the day was 191,069 units at $465,742, in contrast to an average of 83,515 units for $307,417 on Thursday. The average volume and value for the month to date amounts to 250,116 units valued at $638,843 in contrast to 253,214 units at $624,575, previously traded. In contrast, May closed with an average of 150,274 units for $491,077 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Blue Power declined by 3 cents in ending at $3.67 after swapping 33,687 shares, Cargo Handlers decreased 50 cents to $7 trading 10,197 units, Caribbean Assurance Brokers rose 8 cents to settle at $2.20 with 67,210 shares changing hands. Caribbean Flavours declined 30 cents to close at $11.70 with an exchange of 162 stock units, Caribbean Producers shed 4 cents to settle at $2.34 after exchanging 84,080 units, Derrimon Trading declined by 26 cents to close at $2.18 trading 400,000 shares. Fontana inched 1 cent to $5.49 with an exchange of 150,227 stock units, General Accident increased 10 cents to settle at $6 trading just 100 shares, iCreate lost 1 cent to end at 57 cents in swapping 98,157 stock units. Indies Pharma fell 10 cents after closing at $2.50 and trading 535,688 units, Jamaican Teas increased 28 cents to $4.71 with 285,487 stock units crossing the exchange, 
Jetcon Corporation dropped 2 cents to close at $1.02 with an exchange of 406,110 shares. Knutsford Express fell 70 cents to close at $8 with an exchange of 39,200 stock units, Lasco Distributors rose 5 cents to $3.05 with an exchange of 352,503 shares, Lasco Manufacturing decreased by 5 cents to settle at $3.95 in trading 4,216 stock units. Limners and Bards shed 30 cents to end at $2.40 after exchanging 506,191 shares, Mailpac Group added 8 cents to settle at $1.97 with 2,553,025 stock units changing hands, Medical Disposables shed 1 cent to close at $6.74 after swapped 3,911 units and tTech gained 1 cent in ending at $4.70 with an exchange of 59,766 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Archives for June 2020
Transjamaica dominates US$ market
Transjamaica Highway dominated trading on the Jamaica Stock Exchange US dollar market, resulting in an exchange of 1,394,242 shares for US$56,795 compared to 213,597 shares with US$24,417 on Thursday.
The day’s activities saw three securities changing hands, with the prices of two stocks rising and one declining. The market index climbed 4.21 points to 187.84 at the close and the average PE ratio of the market ended the day at 13.4 based on IC Insider.com’s 2020-21 earnings forecast.
The average trade of the day was 464,747 units at $18,932, in contrast to an average of 42,719 units at $4,883 on Thursday. The average volume and value for the month to date amounts to 243,336 units valued at $50,949 in contrast 237,754 units at an average of $52,196.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Proven Investments jumped 2.5 cents to end at 25.5 US cents, after 184,106 stock units traded and Transjamaica Highway rose one-tenth of a cent in trading,1,208,836 shares to end at 0.99 US cents.
In the US dollar preference segment, JMMB Group 6% dropped by one-tenth of a cent to end at 0.9901US cents with an exchange of 1,300 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Main Market ends week with gains
Trading on the Jamaica Stock Exchange Main Market was below normal levels, on Friday, with investors pushing several stock prices higher, leading the market indices to carve out modest gains, with the All Jamaican Composite Index climbing 5,100 points for the week and recovered the 4,100 points loss of the previous week.
At the close, the All Jamaican Composite Index climbed 1,009.48 points to 416,767.63 and the Main Market Index advanced 912.88 points to 380,156.43. The JSE Financial Index closed unchanged at 98.38 points.
Trading ended with 39 securities changing hands, compared to 42 on Thursday and the market closed, with the prices of 24 stocks rising, seven declining and eight closing unchanged. The market closed, with an exchange of 27,345,784 shares accounting for $96,729,414 compared to 13,491,484 units at $103,617,587 on Thursday.
The leading trades for the day were, Transjamaican Highway, with 16.10 million shares for 59 percent of total volume followed by Wigton Windfarm with 4.32 million units for 16 percent of the day’s tradings and Pulse Investments with 3.52 million units for 13 percent market share.
Supreme Ventures was the only other stock trading, to exceed a million units, and it ended with 1.3 million units changing hands.
The average trade for the day ended at 701,174 units at $2,480,241 in contrast to an average of 321,226 units valued at $2,467,085 on Thursday. The average volume and value for the month to date amounts to 808,713 units valued at $7,227,394, in contrast to 813,827 units at $7,200,572.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows 14 stocks ended with bids higher than their last selling prices and two with lower offers. The average PE ratio of the Main Market ended at 15.4 based on IC Insider.com’s forecasted 2020-21 earnings.
At the close of the market, Barita Investments climbed $2.35 to end at $53.85, with the swapping of 51,334 units, Berger Paints rose $1.20 to settle at $13.40 in trading 5,101 units, First Rock Capital gained 30 cents in closing at $15.10 with 6,450 stock units crossing the exchange. GraceKennedy climbed 49 cents after closing at $57.99 and trading 3,773 stock units, 
Jamaica Broilers rose $1 to $29 with a transfer of 870 shares, Jamaica Producers gained $1 to settle at $25 in trading 36,130 units. Mayberry Investments advanced 34 cents to $5.99 with 10,090 stock units changing hands, Mayberry Jamaican Equities shed 50 cents to settle at $9.50 in exchanging 427 shares, NCB Financial lost $1.20 to end at $139.99 in trading 33,259 stock units. Scotia Group climbed $3.70 to end at $47.35 in the swapping of 3,767 units, Seprod rose $1.80 in ending at $53 and exchanging 26,888 stock units, Victoria Mutual Investments declined 45 cents to settle at $7.45 with 296,346 stock units changing hands and Wisynco Group advanced by 47 cents to end at $18.70 with 52,410 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trinidad stocks in slow lane
The market closed with sixteen securities trading up from ten securities 10 with one advancing, two declining and thirteen unchanged. The volume of a mere 36,842 shares passed through the market at $1,128,696 compared to 59,276 shares for $1,839,024 changing hands on Thursday.
The T&T Composite Index rose 1.04 points to 1,309.65. The All T&T Index advanced by 4.57 points to 1,769.00, while the Cross Listed Index lost 0.35 points to close at 114.90.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of four stocks higher than the last selling prices and three with lower offers.
Gainers│ Massy Holdings closed $2.49 higher at $59.49, trading a mere ten units.
Losers│ NCB Financial lost 5 cents in the transfer of 3,000 units to end at $7.80 and Trinidad and Tobago NGL shed 50 cents to finish at $17.50, with an exchange of 2,025 units.
Firm Traders│ Agostini’s traded 79 units at $25, Angostura Holdings ended at $14.90 exchanging ten units, Ansa McAL ended with the swapping of 9,920 stock units at $50. Calypso Macro Index Fund traded just three shares at $15.88. Clico Investments exchanged 16,189 stock units at $25, 
First Citizens Bank closed at $45.71, with 3,200 units changing hands, JMMB Group remained at $2, after transferring 130 units. National Enterprises traded 1,150 units at $4.65, National Flour closed at $1.90, with 50 units passing through the market, One Caribbean Media was unchanged at $5.45, with 799 units changing hands. Investors in Prestige Holdings transferred ten units at $8.20 each, Scotiabank held firm at $54.99, with 117 units crossing the market and Unilever Caribbean closed at $16.99 in trading 150 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market squeezes out gains
Investors pushed the majority of stocks trading on the Main Market Jamaica Stock Exchange, down on Thursday with the market indices squeezing out meager gains at the close on a day when trading volume declined sharply from Wednesday’s high volume trading.
At the close, the JSE All Jamaican Composite Index advanced 219.97 points to 415,758.15, the JSE Market Index rose 199.13 points to 379,243.55 and the JSE Financial Index gained 0.17 points to close at 98.38. The PE ratio of the market ended at 15, while the Main Market ended at 15.5 times ICInsider.com projected 2020-21 earnings.
The market closed with 47 securities changing hands in the Main and US dollar markets with prices of 12 stocks advancing, 23 declining and 12 securities trading firm. The JSE Main Market activity ended with 42 securities accounting for 13,491,484 units at $103,617,587, in contrast to 359,330,187 units for $1,020,073,564 from 43 securities on Wednesday.
Wigton Windfarm led trading with 4.4 million shares for 32.5 percent of total volume followed by Trans Jamaican Highway with 3.5 million units for 26.3 percent of the day’s trade and JMMB Group with 1.1 million units for 8.3 percent market share.
An average of 321,225 shares traded at $2,467,085, for each security on Thursday, in contrast to 8,356,516 units at an average of $23,722,641 on Wednesday. 
The average volume for the month to date ended at 813,827 units at $7,465,362 for each security changing hands, compared to 840,420 units with an average value of $7,750,590. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows fifteen stocks ending with bids higher than their last selling prices and five stocks closing with lower offers.
In the Main Market, Barita Investments advanced $1.10 to close at $51.50, in exchanging 165,319 shares, Berger Paints fell by $1.30 to end at $12.20, having swapped 3,936 units, Caribbean Cement dropped $1.47 to $49.50 trading 13,761 stock units. Eppley Caribbean Property Fund declined $1.42 and ending at $42.55 exchanging 100 shares, Grace Kennedy shed 50 cents to close at $57.50, with the transfer of 54,856 shares, Jamaica Broilers declined by $1.74 to $28 in the swapping of 28,443 stock units. Jamaica Stock Exchange ended at $20.10, having lost $1.87 and trading 10,420 units, JMMB Group shed 32 cents to settle at $33.01, with 1,082,918 shares changing hands, Key Insurance gained 45 cents after closing at $4.95 in swapping 20,000 shares, Kingston Wharves fell $1.48 to finish at $56.01 trading 5,353 units. 
Mayberry Investments closed 35 cents lower at $5.65 exchanging 220 units, Mayberry Jamaican Equities settled at $10, with a loss of 50 cents in transferring 104,953 shares. NCB Financial Group ended at $141.19, after losing $1.81 and exchanging 34,458 stock units, 138 Student Living lost 41 cents to close at $6.31, with 503 units changing hands. Pan Jam Investment declined by $2.20 to end at $73, having swapped 9,414 stock units, Sagicor Group climbed $1 to $47, with 133,260 shares crossing the market, Salada Foods fell by $1 to settle at $29, after 2,216 units crossed the exchange. Scotia Group finished $3.85 lower at $43.65, with a transfer of 53,399 shares, Seprod dropped $1.80 trading7,154 units and closed at $51.20, Victoria Mutual Investments gained 30 cents, ending at $7.90 with an exchange of 219,564 shares and Wisynco Group picked up 66 cents trading940,749 shares to end at $18.23.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More gains for Junior Market
The Junior Market eked more gains at the close of trading on Thursday with the market index carving out a modest rise of 12.09 points to close at 2,615.01, with reduced trading levels.
The day ended with 32 securities changing hands, from 36 securities on Wednesday. The prices of 11 stocks rose, 13 declining and eight stocks closed unchanged. The average PE ratio of the market ended at ten based on IC Insider.com’s projected 2020-21 earnings. Trading ended with an exchange of 2,672,495 shares at $9,837,334 compared to 4,874,547 units at$20,159,456 on Wednesday.
The average trade of the day was 83,515 units at $307,417 in contrast to an average of 139,273 units at $575,984 on Wednesday. The average volume and value for the month to date ended at 253,190 units and $624,575 and previously an average of 262,928 units at $761,592. In contrast, May closed with an average of 150,274 units for $491,077 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows five stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, Blue Power gained 10 cents in closing at $3.70, trading 9,244 stock units, Caribbean Assurance Brokers, declined by 18 cents to end at $2.12 exchanging 52,337 units, Caribbean Flavours rose 10 cents to settle at $12 with 200,000 shares changing hands. Caribbean Producers shed 1 cent to settle at $2.38 trading 74,062 stock units, Consolidated Bakeries gained 15 cents to close at $1.70 after exchanging 100 shares, Derrimon Trading carved out a 4 cents rise to end at $2.44 after exchanging 10,000 units. Elite Diagnostic advanced 17 cents to settle at $4 with 123,700 units changing hands, Express Catering shed 4 cents to end at $4.95 in trading 1,000 units, Fontana lost 2 cents to settle at $5.48 after swapping 336,869 stock units. Fosrich surged 44 cents closing at $4 with investors switching ownership of 101,550 units, General Accident declined by 11 cents in ending at $5.90 with 125,501 stock units changing hands, Honey Bun increased 30 cents to close at $5.63 with 5,369 units crossing the exchange. Indies Pharma rose 5 cents ending at $2.60 with an exchange of 36,367 stock units, Jamaican Teas lost 6 cents closing at $4.43 in trading 133,513 units, Jetcon Corporation lost 11 cents ending at $1.04 while trading 182,037 shares. 
KLE Group gained 10 cents to close at $1.80 with an exchange of 1,647 stock units, Lasco Distributors increased 2 cents closing at $3 having swapped 32,467 shares, Limners and Bards dipped 4 cents to end at $2.70 trading 182,381 shares. Lumber Depot lost 1 cent to close at $1.12 with 210,000 units changing hands, Mailpac Group fell 1 cent to settle at $1.89 with an exchange of 544,521 shares, Main Event advanced by 38 cents ending at $4.48 with a transfer of 273 shares. Medical Disposables shed 5 cents to close at $6.75 in exchanging 7,369 shares, Stationery and Office Supplies lost 8 cents in closing at $6.20, with an exchange of 1,000 units and tTech lost 1 cent to settle at $4.69 with 180 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Volume down on JSE US$ market
Trading on the US dollar market of The Jamaica Stock Exchange ended in an exchange of 213,597 shares with $24,417 value, compared to 330,908 units at $20,184 on Wednesday.
The day’s activities resulted in five securities changing hands, with the prices of three rising, one declining and one closing unchanged, resulting in the market index dropping 1.22 points too close at 183.63. The average PE ratio of the market at 13.1 based on IC Insider.com’s 2020 earnings forecast.
The average trade of the day ended 42,719 units at $4,883, in contrast to an average of 110,303 units at $6,728 on Wednesday. The average volume and value for the month to date amounts to 237,754 units at an average of $52,196 in contrast to 246,309 units at $55,482, on the previous trading day.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, First Rock Capital gained four-tenth of a cent, to close at 10.4 US cents, after trading 3,800 shares, Proven Investments ended at 23 US cents, after swapping 88,7967 stock units. Sygnus Credit Investments shed 1.5 cents in closing at 13.5 US cents with an exchange of 17,700 shares and Transjamaica Highway rose one-tenth of a cent in trading 102,850 shares to end at 0.92 US cents.
In the US dollar preference segment, JMMB Group 6% rose 1 cent and ended at $1 in trading 451 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slippage in trading on Trinidad Exchange
Trading on the Trinidad and Tobago Stock Exchange resulted in slippage in the volume and value of stocks crossing the exchange on Thursday compared to Wednesday, leading to a decline in the market index.
The market closed with ten securities trading, down from 13 securities on Wednesday. The prices of three stocks advanced, one declined and six remained unchanged. Investors exchanged 59,276 shares for $1,839,024, compared to 175,142 units for $2,582,297 on Wednesday.
The T&T Composite Index fell by 2.44 points to 1,308.61. The All T&T Index shed 5.35 points to 1,764.43, while the Cross Listed Index gained 0.07 points to close at 115.25.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than its last selling price and two with lower offers.
Gainers│ First Citizens picked up 1 cent to close at $45.71, in exchanging 10,432 stock units, Trinidad Cement ended at $2.21, after gaining of 11 cents in the transfer of 15,123 stock units and 
West Indian Tobacco finished 80 cents higher at $34.80, after swapping 3,705 units.
Losers│ Clico Investments lost 8 cents trading 8,842 units and closed at $25.
Firm Traders│ Angostura Holdings traded 50 units at $14.90, JMMB Group ended with the swapping 1,500 units at $2, NCB Financial was unchanged at $7.85, after 501 units crossing the exchange. One Caribbean Media closed at $5.45, with an exchange of 1,100 units, Scotiabank closed with an exchange of 17,426 stock units at $54.99 and Trinidad and Tobago NGL remained at $18, with 597 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Pulse Investments carved out 97% of trading
Pulse Investments traded 347 million shares on Wednesday to be the volume leader for two consecutive days.
Pulse Investments commanded 97 percent of total volume traded on the Jamaica Stock Exchange, as 347.3 million shares passed through the market. So dominant was the top trade that the next largest accounted for 1.8 percent of stocks traded as Wigton Windfarm had 6.3 million units changing hands followed by Trans Jamaican Highway with 2.3 million units for 0.6 percent market share.
At the close, the JSE All Jamaican Composite Index jumped 3,954.72 points to close at 415,538.18, the JSE Market Index climbed 3,581.93 points to 379,044.42 and the JSE Financial Index gained 1.24 points to finish at 98.21. The PE ratio of the market ended at 15, while the Main Market ended at 15.5 times ICInsider.com projected 2020-21 earnings.
The market closed with 46 securities changing hands in the Main and US dollar markets with prices of 22 stocks advancing, 11 declining and 13 securities trading firm. The JSE Main Market activity ended with 43 securities accounting for 359,330,187 units at $1,020,073,564, in contrast to 23,658,315 units for $370,631,204 from 38 securities on Tuesday.
The average security trading on Tuesday amounted to 8,356,516 units at $23,722,641, in contrast to 622,587 units at an average of $9,753,453 on Tuesday. For the month to date, an average of 840,420 units traded at $7,750,590 for each security, compared to 400,703 units with an average of $6,759,539. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows thirteen stocks ending with bids higher than their last selling prices and four stocks closing with lower offers.
At the end of the market, Berger Paints gains of 50 cents to close at $13.50, with a transfer of 150 shares, Caribbean Cement climbed $1.07 to $50.97 trading 16,104 stock units, First Rock Capital shed 40 cents to finish at $14.80, in exchanging 17,631 units. Jamaica Broilers gained $1.14 to end at $29.74 after investors swapped 29,292 stock units, Jamaica Producers settled at $21.97, with a rise of $1.27 in transferring 12,387 units, JMMB Group picked up 33 cents trading 131,426 shares and closed at $33.33. 
Key Insurance rose 50 cents to $4.50, with 200 units changing hands, Kingston Wharves advanced $1.31 to $57.49, in trading 4,056 tock units, Mayberry Jamaican Equities climbed $1.30 to $10.50 after 52,656 shares changed hands. NCB Financial Group closed $2 higher at $143, with 27,698 units crossing the exchange, Palace Amusement lost $300 to ended at $1,600, after investors transferred 304 shares, Sagicor Group climbed $1.20 to $46, in swapping 11,182 units. Salada Foods added $1 to close at $30 trading 400 shares, Scotia Group advanced by $5 to $47.50, with an exchange of 651,703 units and Wisynco Group shed 43 cents to end at $17.57, with 84,048 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market tops 2,600 again
Trading on the Junior Market of the Jamaica Stock Exchange resulted in Market Index surging 52.72 points to close at 2,602.92 to cross back above the 2,600 mark after falling below it on Monday, as trading fell back to more normal levels, from the heightened level on Tuesday.
By the close of the market, investors exchanged 4,874,547 shares for $20,159,456 compared to 46,968,202 units at $126,633,229 on Tuesday. The day’s activities saw 35 securities changing hands, with the prices of 12 rising 11 stocks declining and 12 closing with prices remaining unchanged. The average PE ratio of the market ended at 9.9 based on IC Insider.com’s 2020-21 earnings.
The average trade of the day was 139,273 units at $575,984, in contrast to an average of 1,467,756 units for $3,957,288 on Tuesday. The average volume for the month to date amounts to 262,928 units at $761,592 for each security trading, in contrast to 271,188 units at $773,989. In contrast, May closed with an average of 150,274 units for $491,077 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows one stock ending with the bid higher than the last selling price and one with a lower offer.
At the close of the market, Access Financial lost $2.49 to end at $21.51 in trading 1,000 units, AMG Packaging shed 1 cent in closing at $1.61 with 5,389 shares changing hands, Blue Power dipped by 1 cent to close at $3.60 after swapping 21,320 stock units. Caribbean Flavours dropped $2.10 to $11.90 in trading 14,788 units, Caribbean Producers advanced by 5 cents to end at $2.39 with an exchange of 232,831 units, Derrimon Trading rose 10 cents and ending at $2.40 after swapping 19,100 stock units. Express Catering advanced 2 cents to end at $4.99 in exchanging 750 stock units, Fontana lost 10 cents in closing at $5.50 in trading 310,380 units, General Accident advanced by 26 cents to end at $6.01 in trading 2,352,308 units. GWest Corporation declined by 5 cents to end at 90 cents with an exchange of 1,526 shares, Honey Bun fell by 32 cents to end at $5.33 with 25,700 units changing hands, iCreate lost 3 cents to 58 cents in trading 20,000 stock units. Indies Pharma fell 11 cents to close at $2.55 in exchanging 302,614 units, Jamaican Teas shed 9 cents and ended at $4.49 in trading 22,935 stock units, Knutsford Express gained 20 cents to settle at $8.70 while exchanging 25 units.
Lasco Distributors gained 1 cent to settle at $2.98 with an exchange of 22,760 stock units, Limners and Bards advanced by 1 cent to close at $2.74 after trading 106,712 stock units, Lumber Depot rose 2 cents to settle at $1.13 with 61,947 shares passing through the market. Mailpac Group carved out a 2 cents gain in ending at $1.90 and trading 221,968 units, Main Event shed 5 cents to settle at $4.10 in trading 1,333 shares, Paramount Trading advanced by 2 cents to end at $2 swapping with 1,231 units changing hands. SSL Venture gained 10 cents to end at 85 cents after trading 53,333 stock units and Stationery and Office Supplies garnered a 28 cents rise to close at $6.28 in exchanging 1,660 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
