Archives for August 2020

Junior Market Index plunges

August 31, 2020 by IC Insider.com

The Junior Market Index of the Jamaica Stock Exchange plunged 50.34 points to 2,480.92 on the last trading day of August, with the prices of 12 stocks rising, 16 declining and five remaining unchanged, after 33 securities changed hands compared to 25 on Friday.
At the close, the average PE Ratio of the market ended at 10.2 based on IC Insider.com forecast of 2020-21 earnings.
The Trading ended, with a 35 percent more shares passing through the market after investors exchanged 2,428,264 shares for $7,011,769 compared to 1,802,587 units at $6,948,536 on Friday. Mailpac Group led trading with 1.26 million shares for 51.8 percent of total volume followed General Accident with 210,110 units for 8.7 percent of the day’s trade and iCreate with 210,000 units for 8.6 percent market share.
Trading ended with an average of 73,584 units at $212,478 in contrast to 72,103 at $277,941 on Friday. For the month to date, the average trade resulted in an exchange of 104,414 units at $321,996, in comparison to 106,156 units at $328,185 on Friday. Trading in July resulted in an average of 248,153 units at $668,727.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows five stocks ending with bids higher than their last selling prices and none with lower offers.
At the close of the market, Access Financial advanced $6.02 to $26.10 in an exchange of 10,056 shares, AMG Packaging gained 3 cents to end at $1.73 with 28,100 stock units changing hands, Blue Power closed at $3.20, after losing 5 cents and exchanging 15,500 shares. Caribbean Assurance Brokers lost 1 cent to finish at $2.08, in trading 6,818 units, Caribbean Cream ended at $3.90, with a loss of 7 cents in exchanging 9,780 units. Caribbean Flavours shed 50 cents, in falling to $17.50 with investors swapping 26,783 stock units, Caribbean Producers fell 1 cent to $2.44 and clearing the market with 22,090 stocks, Consolidated Bakeries slipped 1 cent to settle at $1.35 in exchanging 35,000 shares. Elite Diagnostic gained 1 cent to close at $3.01 while exchanging 24,431 units, Express Catering dropped 48 cents to settle at $3.46 in trading 199,371 shares, Fontana declined 20 cents to $4.79 after exchanging 74,757 stock units. General Accident shed 50 cents to close at $6.10 with 210,110 shares crossing the market, iCreate gained 5 cents to close at 70 cents after trading 210,000 shares, Iron Rock Insurance rose 30 cents in closing at $3.15, with investors switching ownership of 2,000 units. Jamaican Teas carved out a gain of 20 cents in ending at $4.70, with 11,034 stock units changing hands, Jetcon Corporation ended 5 cents higher at 80 cents, in transferring 3,500 stock units, Knutsford Express closed at $6.90, with gains of 5 cents trading 19,911 stock units. Lasco Distributors lost 18 cents to end at $3.01 after exchanging 39,926 shares, Lasco Financial gained 6 cents to end at $2.15 in an exchange of 49,500 stock units, Lasco Manufacturing finished 9 cents higher at $3.60, with 8,900 stock units crossing the market. Limners and Bards carved out a gain of 13 cents to end at $2.69 while exchanging 4,888 stock units, Lumber Depot lost 5 cents in closing at $1 while trading 17,125 stocks, MailPac Group declined 2 cents to $2, after exchanging 1,258,085 shares. Medical Disposables fell 23 cents to $4.67, with a transfer of 7,653 stock units, Paramount Trading shed 18 cents to settle at $1.52, in an exchange of 10,200 stock units, Stationery and Office Supplies dropped 20 cents to settle at $5.60 after trading 46,175 stock units and tTech lost 1 cent to end at $5.40 with investors swapping 3,112 stocks.
In the preference segment of the junior market, CAC 2000 9.5% preference share gained 12 cents to settle at $1.15 with an exchange of just 100 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Derrimon Trading, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Junior Market Daily Trading, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

JSE Main Market ends August positively

August 31, 2020 by IC Insider.com

The market index jumped sharply on the Jamaica Stock Exchange Main Market on Monday, with the usual month-end rally market, after an equal number of stocks recorded gains and losses as 60 percent fewer shares changed hands than Friday, with a 51 percent lower value.
At the close, the All Jamaican Composite Index climbed 4,681.28 points to 405,730.79, the Main Index bounced 4,232.34 points to end at 370,282.72 and the JSE Financial Index gained 1.36 points to close at 97.69.
Trading ended with 38 securities changing hands compared to 42 companies on Friday with the prices of 16 stocks rising, 15 declining and six remaining unchanged. The average PE Ratio of the market ended at 15.5 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 24,003,466 shares for $161,278,819 compared to 59,567,739 units at $313,340,083 on Friday. Transjamaican Highway led trading with 13.5 million shares for 56.2 percent of total volume, followed Wigton Windfarm with 7.06 million units for 29.4 percent of the day’s trade and NCB Financial Group with 637,827 units for 2.7 percent market share.
Trading ended with an average of 631,670 units changing hands for the day at $4,244,179 for each security, in comparison to an average of 1,418,280 shares for $7,460,478, Friday. The average trade for the month to date ended at 497,441 units at $3,201,934 for each security, in contrast to 491,213 units at $3,153,576. Trading for the month to date is well ahead of July, which closed with an average of 392,128 shares for $2,444,356.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows 11 stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Caribbean Cement gained $3 to end at $47 with investors trading 4,333 stock units, Eppley closed at a record $24, after gaining $2 in exchanging 183,636 shares, First Rock Capital fell $1.49 to $12 trading 12,668 stock units. Jamaica Broilers Group finished $1 higher at $25 in transferring 158,552 shares, Jamaica Producers Group shed 70 cents to close at $20.30, exchanging 182,763 shares, Jamaica Stock Exchange climbed $1.71 to settle at $20.99, with 216,095 shares crossing the market. JMMB Group gained 97 cents to end at $30.50 in trading 25,598 stock units, Key Insurance lost 39 cents to settle at $7.21, with 8,947 units changing hands, NCB Financial Group carved out a gain of $2 to close at $140 with investors swapping 637,827 shares. PanJam Investment advanced $5.90 to $71, after exchanging 5,950 stock units, Proven Investments rose $1.99 to settle at $37.99, in 2,802 units changing hands. Sagicor Group finished $2.42 higher at $46.42, with an exchange of 275,545 shares, Scotia Group climbed $3.49 to $50.49, in exchanging 29,922 stock units, Seprod shed $1.50 to close at $53.50, having traded 15,713 stock units. Sygnus Credit Investments rose 35 cents to close at $15.35 with 128,320 shares passing through the market and Wisynco Group lost 50 cents to close at $16 and 200,997 shares changing hands.
In the preference segment of the main market, Productive Business Solutions 9.75% preference share fell $12 to close at $95 after exchanging just one stock unit.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Scotia Group, Seprod, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Trading down on JSE USD market

August 31, 2020 by IC Insider.com

Trading on the US dollar market of the Jamaica Stock Exchange closed on Monday, with just two securities changing hands compared to four on Friday, resulting in the prices of one stock rising, none declining and one remaining unchanged.
At the close of the market, trading the JSE USD Equities Index gained 1.53 points to settle at 187.50 and with the average PE Ratio ending at 12.9 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 227,627 shares, accounting for US$12,219 compared to 71,410 units at US$56,041 on Friday. The average trade for the day amounted to 113,814 units changing hands at US$6,110, in contrast to an average of 17,853 shares at US$14,010 on Friday.
Trading ended, with an average of 83,402 units for the month to date at US$7,526 in contrast to 82,755 units at US$7,556. By comparison, July ended with an average of 133,150 units for US$18,282.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows three stocks ending with bids higher than their last selling prices and none with lower offers.
At the close of the market, Proven Investments rose 0.8 of a US cent to end at 24.8 US cents with 42,627 units changing hands and Transjamaican Highway closed at 0.9 of a US cent with investors trading 185,000 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: Daily Trading, Emerging markets, Jamaica Stock Exchange, Jamaican stocks, JSE US dollar market, Proven Investments, Trading Activity, Transjamaican Highway

Profit up at Jamaica Broilers

August 30, 2020 by IC Insider.com

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Revenues dipped 5 percent at Jamaica Broilers in the July quarter to $12.6 billion from $13.26 billion in the prior year. At the same time, operating profit rose 25 percent to $851 million from $679 million in the preceding year, with profit after taxes rising moderately by 6 percent from $361 million to $383 million.

Jamaica Broilers announced a new acquisition last week

Distribution costs rose to $467 million from $445 million in the 2019 first quarter. A significant fall in administration and other expenses was the main contributor to the improved profit performance by adding $375 million to the results with a decline in cost from $2.28 billion to $1.9 billion while other income added nearly $200 million to the increase as well after gross profit had declined by $377 million to hit $2.95 billion. The fall in gross profit resulted in a gross profit margin slipping to 23.43 percent from 25.07 percent in 2019.
Provision made for corporate taxes doubled from $55 million to $112 million. Other comprehensive income net of taxes rose from $112 million to $246 million resulting from exchange differences in translating foreign operations and resulted in total Comprehensive Income Attributable to Stockholders of the company amounting to $629 million versus $473 million in 2019.
In commenting on the results, Robert Levy, Chairman and Christopher Levy, Group President & CEO, informed shareholders, “We are seeing improved corporate results due to early decision-making, aggressive cost reductions and improved FX positions. There has been a refocussing on the absolute basics to keep the company running profitably due to the challenges brought on by COVID-19. This has translated to a better and deeper foundation for the company.”

Christopher Levy – Jamaica Broilers President and Chief Executive.

Segment results show the Jamaican operation losing $1.38 billion in revenues to end at $7 billion in the July quarter, with segment result of $730 million compared to $764 million in 2019. The US segment kept up well with revenues of $5 billion, an increase of $660 million and segment results of $316 million, down slightly from $334 million in 2019. Haiti delivered $483 million in revenues, moderately down on the $530 million produced in 2019, with segment results of $11.5 million versus $19 million in 2019, while other Caribbean Operations brought in a profit of only $27 million, down sharply from $536 million in 2019.
Cash flow from operating activities netted $860 million, but it fell with a significant reduction in payables of $1.74 billion and the purchase of fixed assets amounting to $840 million. At the close of the quarter, the company utilized $480 million of the funds held at the end of April. There was a major increase in inventories and biological assets to reach $17.7 billion from $13.3 billion in 2019. The company seems to have worked off some of its excess inventory in the quarter, built up resulting from lower demand, following the outbreak of the Coronavirus that stood at $18.6 billion at the end of April. Shareholders’ equity stood at $16.6 billion, with total borrowings at $18.5 billion comprising current portions at $9.5 billion and the long-term amount at $9 million. Current assets ended the period at $27.7 billion inclusive of trade and other receivables of $4.2 billion, cash and bank balances of $5.7 billion. In comparison, current liabilities stood at $17.5 billion, resulting in net current assets of $10 billion.
Earnings per share rose to 41 cents for the quarter. The stock traded at $24 on the Main Market of the Jamaica Stock Exchange. IC Insider.com forecasts earnings of $2.80 per share for the full year to April 2021, putting the PE at 8.6 times 2021 earnings, providing the basis for the stock price to rally higher in the periods ahead.

Filed Under: Company News, Company Results Tagged With: Christopher Levy, coronavirus, Jamaica Broilers, Jamaica Stock Exchange, Jamaican stocks

Another big IC TOP 10 winner

August 29, 2020 by IC Insider.com

After a record run this past week, Epply hit a record high of $23, but closed at $22 and leaped out of the Main Market IC TOP 10 listing, with a gain of 80 percent from the end of March, when the stock went into the TOP 10 for 2020.
During the past week, companies continued the release of midyear results, with little impact on the market. Jamaica Broilers released decent first-quarter results to the end of July, with a slight improvement in after-tax profit, with operating profit rising 25 percent on lower revenues. Wisynco Group full-year audited financials showed modest gains in profit while Blue Power profits jumped 41 percent. Of the three, only Jamaica Broilers is in the TOP 10. At the close of the week, Medical Disposables dropped out of the Junior Market listing and replaced by Jetcon Corporation. NCB Financial returns to TOP 10 and now sits at the bottom of the list, having replaced Eppley.
The top three stocks in each market saw little change in ranking, leaving the top three Junior Market stocks, with the potential to gain between 300 to 676 percent by March 2021. Caribbean Producers heads the list, followed by Lasco Financial and Elite Diagnostic, the focus on all three is on the 2021 fiscal year results, projected to show recovery from the 2020 financial year final numbers. The top three Main Market stocks, with expected gains of 205 to 264 percent, are Berger Paints followed by Radio Jamaica and JMMB Group, all three suffered declines during the week.
This week’s focus: Jamaica Broilers revenues declined 5 percent in the July quarter to $12.6 billion from $13.26 billion in the prior year. Operating profit rose 25 percent to $851 million from $679 million in the prior year, with profit after taxes rising moderately from $361 million to $383 million. A significant fall in administration and other expenses was the main contributor to the improved profit performance by adding $375 million to the results with a decline in cost from $2.28 billion down to $1.9 billion, while other income added nearly $200 million to the increase as well after gross profit had declined by $377 million to hit $2.95 billion. Earnings per share rose to 41 cents.
The targeted average PE ratio of the market is 20 based on profits of companies reporting full year’s results, from now to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level, an indication of the potential gains ahead. The JSE Main Market ended the week, with an overall PE of 15 and the Junior Market 10.5, based on IC Insider.com’s projected 2020-21 earnings. The average PE ratio of the Junior Market has been slowly rising, with better profit opportunities than the Main Market and narrowing the gap. The PE ratio for the Junior Market Top 10 stocks average a mere 5.7 at just 54 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at a PE of 8 or 54 percent of the PE of the overall market.
The average projected gain for the Junior Market IC TOP 10 stocks is 291 percent, and 161 percent for the JSE Main Market, based on 2020-21 earnings, an indication of potentially greater gains in the Junior Market than in the Main Market.
IC TOP 10 stocks are likely to deliver the best returns up to March 2021 and ranked in order of potential gains, based on likely gain for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Revisions to earnings per share are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated Tagged With: Access Financial, Berger Paints, Blue Power, Caribbean Assurance Brokers, Caribbean Producers, Carreras, Daily Trading, Emerging markets, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, Laco Distributors, Lasco Financial, Medical Disposables, Radio Jamaica, Scotia Group, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments, Wisynco Group

Junior Market slips lower

August 28, 2020 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange closed on Friday with the market index slipping modestly after more stocks fell than rose and investors traded 22 percent more shares than on Thursday.
Trading ended with 25 securities changing hands compared to 32 on Thursday and ended with the prices of seven stocks rising, 13 declining and five remaining unchanged.
At the close, the Market Index shed 4.86 points to settle at 2,531.26; the average PE Ratio of the market ended at 10.2 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 1,802,587 shares for $6,948,536 compared to 1,477,937 units at $6,120,418 on Thursday. Lasco Manufacturing led trading with 314,834 shares for 17.5 percent of total volume followed by Lasco Financial with 287,275 units for 15.9 percent of the day’s trade and Jamaican Teas with 286,698 units for 15.9 percent market share.
Trading ended with an average of 72,103 units at $277,941 in contrast to 46,186 at $191,263 on Thursday. For the month to date, the average trade ended at 106,169 units at $328,185, in comparison to 107,679 units at $330,432 on Thursday. Trading in July resulted in an average of 248,153 units at $668,727.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows two stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Caribbean Assurance Brokers gained 4 cents to close at $2.09 with an exchange of 6,405 units, Caribbean Cream carved out a gain of 17 cents to end at $3.97 with investors exchanging 39,276 shares, Caribbean Flavours closed at $18, with a loss of 88 cents and 119,087 shares changing hands. Caribbean Producers gained 5 cents to close at $2.45 after investors transferred 53,750 shares, Elite Diagnostic lost 7 cents and ended at $3 in trading 1,700 stock units, Everything Fresh picked up 3 cents to close at 70 cents, with 100 shares changing hands. Fontana rose 21 cents to finish at $4.99 with investors swapping 71,200 shares, Honey Bun ended 19 cents lower at $4.90, as investors switched ownership of 5,100 stock units, iCreate lost 4 cents to settle at 65 cents, in exchanging 40,001 shares. Indies Pharma was down 1 cent trading 2,500 stock units and closed at $2.79, Iron Rock Insurance finished 35 cents lower at $2.85, with the transfer of 16,473 stocks, Jamaican Teas declined by 34 cents to close at $4.50 exchanging 286,698 units. Jetcon Corporation lost 9 ents, in ending at 75 cents and clearing the market with 76,129 shares, Lasco Distributors lost 1 cent to close at $3.19, with 50,892 shares changing hands, Lasco Financial finished at $2.09, after slipping 7 cents and exchanging 287,275 shares. Lasco Manufacturing shed 9 cents to end at $3.51, with a transfer of 314,834 shares, Limners and Bards settled at $2.56, having lost 4 cents trading 22,468 stock units, Lumber Depot gained 5 cents to end at $1.05 with investors swapping 244,122 shares. Mailpac Group picked up 2 cents to finish at $2.02, trading 128,728 stock units and Medical Disposables lost 5 cents to close at $4.90 in an exchange of 10,810 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Best performing stock market, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Fontana, FosRich, 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, Medical Disposables, SSL Venture Capital, Trading Activity

Trading plunged on JSE USD market

August 28, 2020 by IC Insider.com

The US dollar market of the Jamaica Stock Exchange closed trading on Friday, with the market just barely slipping after investors traded much fewer shares than on Thursday.
At the close of the market, trading ended with four securities changing hands compared to six on Thursday and ended with the prices of one stock rising, three declining and none remaining unchanged.
The JSE USD Equities Index declined by just 0.10 points to settle at 185.97, with the average PE Ratio ending at 12.9 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 71,410 shares and US$56,041 compared to 1,071,941 units at US$250,003 on Thursday.
The average trade for the day amounted to 17,853 units changing hands at US$14,010, in contrast to an average of 178,657 shares at US$41,667 on Thursday. Trading ended, with an average of 82,755 units for the month to date at US$7,556, in contrast to 85,640 units at US$7,270. By comparison, July ended with an average of 133,150 units for US$18,282.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows two stocks ended with bids higher than their last selling prices and one with lower offers.
At the close of the market, First Rock Capital Investment lost 0.05 of a cents and ended at 9.5 US cents, with investors switching ownership of 2,200 shares and Proven Investments lost eight-tenths of a US cent in ending at 24 US cents and trading 43,960 stock units.
In the preference segment of the market, JMMB Group 5.75% fell 4 US cents to close at US$2.01, with investors swapping 19,400 units and JMMB Group 6% climbed 15 US cents to close at US$1.15, with 5,850 shares changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: Daily Trading, Emerging markets, First Rock Capital, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, JSE US dollar market, Proven Investments, Trading Activity

Weekly loss for JSE Main Market

August 28, 2020 by IC Insider.com

The Jamaica Stock Exchange Main Market declined at the end of trading on Friday, with an equal number of stocks rising and falling to close off the week with an overall fall after investors exchanged 424 percent more shares valued at 320 percent more than on Thursday.
At the close, the All Jamaican Composite Index declined by 861.11 points to 401,049.51, the Main Index shed 775.38 points to settle at 366,050.38 and the JSE Financial Index lost 0.43 points to close at 96.33.
Trading ended with 42 securities changing hands, down from 43 on Thursday, with the prices of 13 stocks rising, 13 declining and 16 remaining unchanged and the average PE Ratio of the market ended at 15.4 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 59,567,739 shares for $313,340,083 compared to 11,372,477 units at $74,529,571 on Thursday. Carreras led trading with 40.15 million shares for 67.4 percent of total volume followed by Sagicor Select Manufacturing & Distribution Fund with 8.1 million units for 13.6 percent of the day’s trade and Wigton Windfarm with 4.20 million units for 7.1 percent market share. QWI Investments traded 2.55 million units accounting for 4.3 percent of Main Market volume and Sagicor Select Financial Fund ended trading, with 2.39 million shares and 4 percent of the volume.
Trading ended with an average of 1,418,280 units changing hands at $7,460,478 for each security, versus an average of 264,476 shares at $1,733,246 on Thursday. The average trade for the month to date, is 491,213 units at $3,153,576 for each security, in contrast to 441,102 units at $2,920,771. Trading for the month to date compares well ahead of July that ended with an average of 392,128 shares for $2,444,356.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Caribbean Cement lost $3.63 to close at $44, with an exchange of 1,954 units, Eppley declined $1 to settle at $22, with 99 units passing through the market, First Rock Capital gained 99 cents to end at $13.49 trading 7,718 stock units. Jamaica Stock Exchange climbed $1.75 to settle at $19.28, after exchanging 4,688 stock units, JMMB Group shed 47 cents and closed at $29.53 with a transfer of 118,347 shares, Mayberry Investments ended 68 cents lower at $5.32, after exchanging 1,250 units. NCB Financial Group rose $1.99 to settle at $138, with 168,962 shares changing hands, PanJam Investment dropped $5.90, in closing at $65.10 as investors swapped 2,754 units, Portland JSX rose 62 cents to finish at $8.50, with investors switching ownership of 7,519 stock units. Proven Investments ended at $36, after losing 50 cents, with an exchange of 566 units, Sagicor Group fell $1 to $44, in trading 19,418 shares, Seprod carved out a gain of $1 to end at $55, with an exchange of 46,826 stock units. Sygnus Credit Investments lost 60 cents to close at $15, with investors trading 63,968 units and Victoria Mutual Investments closed 30 cents lower to end at $6.60, with 41,506 shares changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Caribbean Cement, Carreras, Community & Workers Co-operative Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Investors push TTSE higher for week

August 28, 2020 by IC Insider.com

The Trinidad and Tobago Stock Exchange ended trading for the week on a positive note with all three market indices closing higher on Friday as well as the week, with four stocks rising at the close, two declining and nine remaining unchanged.
The T&T Composite Index gained 0.65 points to 1,324.11, The All T&T Index rose 1.09 points to 1,796.29, while the Cross Listed Index gained 0.03 points to close at 115.08.
The market closed with fifteen securities trading down from 16 on Thursday, with investors trading 66 percent more shares than on Thursday as 452,525 units changed hands at $4,111,682 compared to 273,269 shares for $4,126,089 on Thursday.
The average trade for the day was 30,168 units at $274,112 versus an average of 17,079 stock units for $257,881 for each security on Thursday. Trading for the month to date resulted in an average of 15,361 units crossing the market at $367,803, versus 14,500 shares at $373,250, to Thursday. July closed with an average of 12,712 shares for $166,390.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of four stocks higher than its last selling price and one with a lower offer.
Stocks rising│ First Citizens Bank rose 10 cents to close at $46.10, in transferring 1,194 units, Guardian Holdings added 50 cents after trading 1,391 units to close at $20. JMMB Group ended at $1.76, with a gain of 1 cent after exchanging 296,275 shares and One Caribbean Media ended 9 cents higher at $5.24 after trading 2,000 units.
Stocks declining│ CinemaOne shed 20 cents transferring 150 units to settle at a 52 weeks’ low of $4.20 and Trinidad and Tobago NGL finished 50 cents lower at $16.50 in trading 8,970 stock units.
Stocks trading firm│ Clico Investments exchanged 43,142 shares at $27.78, Endeavour Holdings ended at $12.45 trading 75 units, First Caribbean International Bank held firm at $7 after transferring 33,132 shares. Grace Kennedy closed with an exchange of 19,107 stock units at $3.50, NCB Financial Group was unchanged at $8, with 26,661 shares traded, Prestige Holdings saw the transfer of 1,070 units at $8.20. Republic Financial Holdings held at $141.50, with an exchange of 7,000 stock units, Scotiabank closed at $54.65, with 10,386 stock units crossing the market and West Indian Tobacco traded 1,972 units at $36.65.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Stock Market, TTSE Market Tagged With: Cinemaone, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, Endeavour Holdings, First Caribbean International Bank, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, NCB Financial Group, One Caribbean Media, Prestige Holdings, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, West Indian Tobacco

Junior Market slips on Thursday

August 27, 2020 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange declined at the close on Thursday, with more stocks falling than rising after investors traded 43 percent fewer shares than on Wednesday.
Trading ended, with 32 securities changing hands, compared to 34 on Wednesday and ended with the prices of 10 stocks rising, 15 stocks declining and seven ending, with prices remaining unchanged.
At the close, the Junior Market Index dropped by 28.47 points to settle at 2,536.12. The average PE Ratio of the market ended at 10.3 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 1,477,937 shares for $6,120,418 compared to 2,584,097 units at $13,160,131 on Wednesday.
Lumber Depot led trading with 380,966 shares for 25.8 percent of total volume followed by Lasco Manufacturing with 300,713 units for 20.3 percent of the day’s trade and Jamaican Teas with 188,647 units for 12.8 percent market share.
Trading ended with an average of 46,186 units at $191,263 in contrast to 76,003 at $387,063 on Wednesday. For the month to date, the average trade was 107,679 units at $330,432, in comparison to 111,413 units at $338,882 on Wednesday. Trading in July resulted in an average of 248,153 units changing hands at $668,727.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows one stock ended with bids higher than their last selling prices and none closing with lower offers.
At the close of the market, Blue Power gained 19 cents to end at $3.25 in an exchange of1,000 units, Cargo Handlers finished 2 cents higher at $6.55 with 4,800 stocks crossing the market, Caribbean Cream dropped 17 cents to finish at $3.80 with 1,354 stock units changing hands. Caribbean Flavours climbed 39 cents and exchanged 134,378 units to settle at $18.88, Derrimon Trading gained 22 cents to end at $2.73 with investors trading 7,886 stock units, Dolphin Cove lost 50 cents to close at $6.50 trading just a single share. Elite Diagnostic rose 7 cents to finish at $3.07 with 36,200 units changing hands, Everything Fresh slipped 4 cents to settle at 67 cents with investors switching ownership of 4,158 units, Express Catering lost 6 cents to close at $3.94 with 900 shares traded. Fontana declined 4 cents to settle at $4.78 with 25,638 units crossing the market, Fosrich advanced 10 cents to close at $3.80 in an exchange of 9,750 shares, General Accident climbed 26 cents to end at $6.60 with investors transferring 538 shares. Honey Bun slipped 1 cent to $5.09 with 2,466 stock units changing hands, iCreate declined 1 cent to finish at 69 cents with 3,138 stock units traded, Indies Pharma fell 2 cents and exchanged 22,153 shares to settle at $2.80. Jamaican Teas lost 6 cents to settle at $4.84, with an exchange of 188,647 units, KLE Group declined 6 cents to close at $1.36 with 47,759 units traded, Knutsford Express dropped 5 cents to finish at $6.85 with 220 stock units changing hands. Lasco Distributors gained 5 cents to end at $3.20 with investors transferring 9,000 stock units, Lasco Financial rose 7 cents to close at $2.16 after exchanging 14,100 units, Lasco Manufacturing traded 300,713 units and shed 38 cents to finish at $3.60. Limners and Bards ended 9 cents higher at $2.60 with investors switching ownership of 163,400 shares, Lumber Depot fell 5 cents to close at $1 with 380,966 shares changing hands, Medical Disposables lost 5 cents to finish at $4.95 with 3,960 units traded and tTech dropped 8 cents to settle at $5.41 with 8,222 units crossing the exchange.