Archives for November 2020

JSE Main Market gains 7% in November

November 30, 2020 by IC Insider.com

Stocks put in a spirited run in November, rising 6.5 percent in the month to close at the highest level since April 14, at the close of the Jamaica Stock Exchange Main Market on Monday after more stocks advanced than declined, with an exchange of 93 percent fewer shares than on Friday.

JSE Main Market in a strong move since the start of November.

At the close, the All Jamaican Composite Index jumped 2,322.50 points to 438,045.18, the Main Index climbed 2,101.69 points to 399,576.1 and the JSE Financial Index gained 0.60 points to settle at 104.85.
Trading ended with 49 securities changing hands compared to 41 on Friday and closed with the prices of 23 stocks rising, 18 declining and eight remaining unchanged. The average PE Ratio ended at 16.2 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors exchanged 16,714,722 shares for $170,632,583 compared to 229,254,233 units at $226,718,055 on Friday. Wigton Windfarm led trading with 29.4 percent of total volume, after exchanging 4.92 million shares, followed by Transjamaican Highway with 23.8 percent for 3.97 million units, QWI Investments with 14 percent share for 2.35 million units and Sagicor Group with 9.9 percent in trading 1.65 million units.
Trading averaged 341,117 units at $3,482,298 for each security, compared to 5,591,567 shares at $5,529,709 on Friday. Month to date, the average ended at 623,120 units at $6,686,047 for each security, in contrast to 639,789 units at $6,875,412. October averaged 398,200 units at $4,622,532.
Investor’s Choice bid-offer indicator reading shows 14 stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments climbed $3.50 in closing at $88, after trading 229,432 shares, Berger Paints shed 45 cents to settle at $12.05, with 12,811 units in crossing the changing hands. Eppley Caribbean Property Fund climbed $4.90 to $44.90, in exchanging 62,793 shares, Grace Kennedy closed at $66.50, with a loss of 50 cents after a transfer of 63,330 shares, Jamaica Broilers Group gained 56 cents exchanging 10,323 units to close at $28.50. Jamaica Producers finished at $21, after gaining $1, with the transferring of 75,409 shares, Jamaica Stock Exchange rose $1.50 to $21 trading 39,878 units, Key Insurance gained 63 cents to end at $10.98, with 63,394 shares changing hands. Mayberry Investments lost 40 cents to end at $5.60 after 515 units passed through the market, NCB Financial Group dropped $2.49 to $146.01, in exchanging 14,630 units, Palace Amusement climbed $100 to $1,300 after clearing the market with 12 units. Pan Jam Investment advanced by $2.90 to close at $70, with 142,736 shares crossing the exchange, Sagicor Group rose $1 to $52 trading 1,647,769 shares, Salada Foods closed at $27, with a loss of $1 in trading 5,498 units. Scotia Group fell by $1.99 to $46 in exchanging 210,312 shares, Seprod gained $1.10 to end at $65.10, with a transfer of 18,206 units, Supreme Ventures shed 87 cents to finish at $16.63, with 23,840 stock units changing hands and Sygnus Credit Investments lost 69 cents trading 181,280 shares to end the day’s trade at $17.31.

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, Community & Workers 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 Properties, 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, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Junior Market holds on

November 30, 2020 by IC Insider.com

Rising stocks squeezed out declining ones at the end of Mondays’ trading on the Junior Market of the Jamaica Stock Exchange as the market closed out November with the market eking out a modest gain as it ended the month with a small net gain over October’s close as it remained in a narrow trading range from the summer months.
The market closed with a sharply increased volume of 221 percent and valued 247 percent over Friday’s level.
Trading ended with 34 securities changing hands compared to 35 on Friday and closed with the prices of 17 stocks rising, 14 declining and three remaining unchanged. Investors traded 10,722,538 shares for $28,515,368 compared to 3,342,645 units at $8,216,185 on Friday. Derrimon Trading led trading with 35.2 percent of the total volume for 3.78 million shares followed by Mailpac Group with 16 percent for 1.72 million units. Tropical Battery with 14.7 percent market share for 1.58 million units and Fontana with 11.3 percent for 1.20 million units changing hands.
The Junior Market Index gained just 2.24 points to settle at 2,516.07, with the average PE Ratio ending at 13.4 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading averaged 315,369 units at $838,687 in contrast to 95,504 at $234,748 on Friday. For the month to date, the average trade is 193,331 units at $566,885, compared to 187,110 units at $553,030 on Friday. October averaged 230,868 units at $535,509.
Investor’s Choice bid-offer indicator reading for the market shows six stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial rose 50 cents to close at $22.50, after trading 55,442 shares, AMG Packaging picked up 4 cents to finish at $1.59, exchanging 4,082 units, Blue Power fell 70 cents to $2.55, trading 52,551 stock units. Cargo Handlers ended at $7.31, with gains of 95 cents trading 512 units, Caribbean Assurance Brokers lost 18 cents transferring 17,811 shares to close at $1.72, Caribbean Cream declined 1 cent to $4.12, with 2,829 units passing through the market. Caribbean Flavours gained 8 cents to end at $1.75, with an exchange of 7,342 stock units, Caribbean Producers shed 21 cents trading 45,685 stocks to end at $2.42, Derrimon Trading lost 5 cents to end at $2.35 with 3,778,850 shares passing through the market. Dolphin Cove advanced 40 cents to $6.65, after the swapping of 6,651 units, Elite Diagnostic rose 28 cents to $3.30 trading 1,109 units, Everything Fresh gained 10 cents to end at 76 cents in exchanging 5,001 units. Express Catering closed 20 cents higher at $4, after crossing the exchange with 590 units, Fosrich lost 7 cents to end at $4, with the swapping of 12,387 stock units, General Accident gained 5 cents to settle at $6.20, after exchanging the market with 154,082 shares. GWest Corporation slipped 4 cents to 65 cents trading 15,205 units, Honey Bun gained 2 cents to end at $4.85 in clearing the market with 216,107 stocks, Indies Pharma carved out a gain of 7 cents to $2.58, in trading 59,122 units. Jamaican Teas lost 4 cents to end at $2.01, after clearing the market with 795,817 shares, Jetcon Corporation ended at 82 cents, with gains of 7 cents while trading 43,464 shares, Knutsford Express slid 29 cents to $5.71, with the swapping of 566 units. Lasco Financial lost 5 cents to end at $2.55 after exchanging 25,684 stock units, Lasco Manufacturing lost 14 cents to $3.66, after trading 57,387 stock units, Limners and Bards carved out a gain of 13 cents to end at $2.63, in an exchange of 210,501 shares. Lumber Depot rose 14 cents to $1.35, with 259,988 shares changing hands, Mailpac Group climbed 7 cents to $2.21, with 1,717,151 stock units changing hands, Medical Disposables shed 42 cents to close at $3.93, with the trading of 77,098 shares. Paramount Trading rose 18 cents to close at $1.50, with an exchange of 665 units, SSL Venture lost 4 cents to end at 53 cents, switching of ownership of 1,100 units, Stationery and Office Supplies ended at $4.43, after losing 12 cents transferring 4,152 units and Tropical Battery gained 13 cents to close at $1.23, in trading 1,579,900 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, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, 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, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

JSE USD trading picks up

November 30, 2020 by IC Insider.com

Trading picked up at the end of the month on Monday, with the US dollar market of the Jamaica Stock Exchange rising after exchanging 30 percent more shares changing hands than on Friday.
Market activity ended with eight stocks trading, up from six on Friday and ended with the prices of four stocks rising, one declining and three remaining unchanged.
The JSE USD Equities Index advanced by 2.42 points to settle at 190.34. The average PE Ratio ended at 13.5 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading ended with an exchange of 555,393 shares, at US$24,950 versus 427,882 units at US$13,880 on Friday.
Trading averaged 69,424 units at US$3,119, in contrast to 71,314 shares at US$2,313 on Friday. The average, month to date ends 51,134 units at US$4,516, compared to 49,490 units at US$4,641. October averaged 697,808 units for US$17,320.
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, First Rock Capital Investment gained 0.35 of a cent to close at 9 US cents, in clearing the market with 10,820 shares, MPC Caribbean Clean Energy closed at US$1.15, with an exchange of 46 units. Productive Business Solutions gained 18 cents to end at 84 US cents after trading 5,952 stock units, Proven Investments advanced 0.99 of a US cent to finish at 25.99 US cents, after 14,259 shares crossed the exchange, Sterling Investments lost nine-tenths of a US cent to close at 2 US cents, with investors swapping 350,000 shares. Sygnus Credit Investments advanced 0.51 of a US cent to settle at 16.5 US cents after 51,732 shares crossed the market and Transjamaican Highway remained at 0.90 of a US cent, with 122,500 shares changing hands.
In the preference segment, Eppley 5% preference share closed at US$1.02, with investors swapping 84 units.

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, Productive Business Solution, Proven Investments, Sterling Investments, Sygnus Credit Investments, Trading Activity, Transjamaican Highway

Strong November close for TTSE

November 30, 2020 by IC Insider.com

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Investors pushed the prices of the majority of stocks higher on the final day of the month and driving the Market indices upward on the Trinidad and Tobago Stock Exchange after an exchange of 267 percent more shares and a 575 percent increase in the value of stocks trading compared to Friday.

Trinidad & Tobago Stock Exchange Head Quarters

The market closed with 19 securities trading, up from fifteen on Friday, and ended with ten stocks advancing, two declining and seven remaining unchanged. Trading resulted in 707,901 shares for $19,305,014 compared to 192,797 shares valued 2,859,811 on Friday.
The average trade for the day amounted to 37,229 units at $1,016,053 versus an average of 12,853 units at $190,654 for each security on Friday. Month to date averaged 12,529 shares at $181,770 compared to 10,981 units at $129,455 on Friday. October closed with an average of 16,922 shares for $285,061.
The T&T Composite Index advanced by 7.43 points to 1,294.15, the All T&T Index climbed 10.94 points to 1,725.33, while the Cross Listed Index gained 0.53 points to close at 116.89.
The Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than their last selling prices and two with lower offers.
Stocks rising│ Ansa McAL ended 50 cents higher at $52, in trading 227,540 shares, Clico Investments rose to $25.34, with gains of 34 cents exchanging 72,057 shares, First Citizens Bank added 50 cents to close at $44, in transferring 25,190 stock units. Massy Holdings climbed $2 to $59, with 1,725 units changing hands, NCB Financial Group gained 10 cents to finish at $8.10, after 42 units crossed the market, National Flour picked up 14 cents to settle at $2, with an exchange of 64,372 shares. Point Lisas ended at $3.12, after gaining 12 cents and trading 2,000 units, Scotiabank rose $1 to $55, after transferring 20,327 stock units, Trinidad and Tobago NGL advanced by $1.38 to $15.88, with 77,461 shares changing hands and West Indian Tobacco closed 72 cents higher at $33.22, in trading 42,543 shares.
Stocks declining│ Agostini’s lost 1 cent, transferring 15,000 stock units to finish at $24.49 and JMMB Group closed 5 cents lower at $1.77, with 150,000 shares crossing the exchange.
Stocks trading firm│ Ansa Merchant Bank traded 944 units at $39.50, CinemaOne transferred 40 units at $4, First Caribbean International Bank exchanged 870 units at $7.05. Guardian Holdings closed at $20.40, with a transfer of 2,085 units, Grace Kennedy ended at $3.70, with 1,595 units changing hands, One Caribbean Media transferred 3,000 units at $4.80 and Unilever Caribbean held firm at $16.70 trading 150 units.

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

Filed Under: Stock Market, TTSE Market Tagged With: Agostini's, Ansa Mcal, Ansa Merchant Bank, Cinemaone, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, National Flour, NCB Financial Group, One Caribbean Media, Point Lisas, Scotiabank, Trading Activity, Trinidad & Tobago NGL, Trinidad Cement, TTSE, Unilever Caribbean, West Indian Tobacco

Q4 profit jumps 76% for Honey Bun

November 29, 2020 by IC Insider.com

The Easter bounce in earnings never happened for Honey Bun with sales in the March quarter up 13 percent and the June quarter down 7 percent, but fourth quarter sales compensated for the June fall out, increasing a strong 15.5 percent.

Rising profit at Honey Bun

Profit after tax in the fourth quarter rose a healthy 76 percent to $54 million from $31 million in 2019, bettering the 21 percent rise in the June quarter, to $20.4 million from $16.7 million. For the year to September, profit increased just 6.6 percent to $167 million from $156 million in 2019.
Sale revenues rose 15.5 percent for the quarter, to $432 million from $374 million but rose 8.5 percent for the year, to $1.675 billion from $1.544 billion in 2019. The company manufactures and distributes baked products in Jamaica and overseas, with overseas revenue less than 10 percent of gross sales revenue.
Historical profit performance has not been exhibited a predictable pattern, partly due to expansion related cost. Profit jumped sharply in 2016 from 2015 but dipped in 2017 and again in 2018 but rose in 2019 as a recent expansion allowed for increased sales, with the latest period continuing to reflect growth but muted by the COVID 19 dislocations.

One Honey Bun’s Products.

Notwithstanding the profit performance that may present a chequered path, the company has one of the best management teams of Junior Market companies to build-out the capacity for continued growth in revenues and increased efficiency.
Gross profit margin moved up from 46 percent in 2017 and has been consistent at 48 percent since 2018 and resulted in gross profit rising nine percent to $799 million from $745 million.
Administrative and other expenses rose just one percent to $295 million, while depreciation charges relating to administrative expenses increased 28 percent to $48 million. Selling and distribution expenses rose 17 percent to $292 million from $250 million in 2019.
The company employed an average of two hundred and seven workers during the year, up from one hundred and eighty in the 2019 period costing $428 million compared to $406 million in 2019.
Finance cost was negligible at just over $1 million for the year.
Earnings per share came out at 35 cents for the fiscal year. The stock traded at $4.83 on the Junior Market of the Jamaica Stock Exchange at a PE ratio of 14 times earnings. ICInsider.com is forecasting 55 cents per share for 2021 at a PE of 9 times. Net asset value is $1.85, with the stock selling at 2.6 book value. The company paid a dividend of 8 cents d 20uring the year.
Gross cash flow brought in $260 million but increased working capital reduced the amount marginally to $253 million and payment of dividends amounting to $38 million acquisition of fixed assets amounting to $119 million and the payment of $27 million in taxation left $98.5 million to be added to funds on hand at the start of the year. Current assets ended at $444 million, including inventories of $71 million, receivables of $73 million, cash and bank balances of $297 million. Current liabilities stood at $148 million. At the end of the year, shareholders’ equity stood at $870 billion, with borrowings at just $26 million.

Filed Under: Buy Rated, Company News, Company Results Tagged With: Emerging market stock, Emerging markets, Honey Bun, ICInsider BUY RATED, Jamaica Stock Exchange, junior market

Big gains for some IC TOP 10 stocks

November 28, 2020 by IC Insider.com

During the past week, Grace Kennedy was the top 10 best performer rising 16 percent to 67 percent, followed by Caribbean Producers 12 percent gain to close the week at $2.63, during a period when stocks continue their climb higher to their highest level since early-April on the Jamaican Stock Exchange Main Market in the past week.

Grace Kennedy gained 16% for the week.

The Junior Market continues to fight in continuing to build on the gains in recent weeks, with moves in both markets confirming the bullish signal technical indicators been flashing.
The movement in the markets resulted in Stanley Motta coming into the Main Market IC TOP 10, replacing Jamaica Producers. The Junior Market Top 10 remained without any new movement in and out, but Jamaican Teas started trading ex split on Friday and closed at $2.05, down from last weeks’ adjusted closing price of $2.23.
This week’s focus: 2020 is now drawing to a close and should lead investors to start the focus on 2021 and some companies that could deliver superior returns. Many of the companies that suffered badly from reduced sales could be some that should be on the investors’ list. Access Financial, Caribbean Producers, Express Catering, Elite Diagnostic, Lasco Financial, NCB Financial are some that could enjoy above-average recovery and then there are entities such as Grace Kennedy, Carib Cement, Berger Paints and Lumber Depot that should get added push from continued buoyancy in the construction sector.
The top three stocks in the Junior Market with the potential to gain between 231 to 394 percent by March 2021 are Caribbean Producers, followed by Elite Diagnostic and Limber Depot. With expected gains of 149 to 260 percent, the top three Main Market stocks are, Berger Paints followed by Radio Jamaica and Carreras in the third position.
The local stock market’s targeted average PE ratio is 20based on profits of companies reporting full year’s results, from now to the second quarter in 2021. The Junior and Main markets are currently trading well below the market average, indicating the potential gains ahead. The JSE Main Market ended the week, with an overall PE of 15.5, The Junior Market 13.3, based on ICInsider.com’s projected 2020-21 earnings. The PE ratio for the Junior Market Top 10 stocks average a mere 7.2 at just 54 percent to the average of the Junior Market. The Main Market TOP 10 stocks trade at a PE of 9 or 58 percent of the PE of that market.
The average projected gain for the Junior Market IC TOP 10 stocks is 201 percent and 132 percent down from140 percent last week for the JSE Main Market, based on 2020-21 earnings, indicating greater likely gains for Junior Market stocks than 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 result in movements in and out of the lists weekly. 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, Caribbean Assurance Brokers, Caribbean Producers, Carreras, Daily Trading, Emerging markets, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Laco Distributors, Lasco Financial, Lumber Depot, Medical Disposables, Radio Jamaica, Scotia Group, Stanley Motta, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

Gains piling up for JSE Main Market

November 27, 2020 by IC Insider.com

Stocks mostly rose on the Main Market of the Jamaica Stock Exchange at the close on Friday after an exchange of more than 19 times the number of shares and a 24 percent increase in the value than on Thursday as the bullish tone of the market continues.
At the close, the All Jamaican Composite Index advanced 3,600.36 points to 435,722.68, the Main Index climbed 3,258.67 points to 397,474.41 and the JSE Financial Index gained 0.83 points to settle at 104.25.
Trading ended with stocks of 41 companies changing hands compared to 38 on Thursday with the prices of 17 stocks rising, 11 declining and 13 remaining unchanged.
The average PE Ratio closed at 15.9 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors exchanged 229,254,233 shares at $226,718,055 compared to 12,009,747 units at $182,824,365 on Thursday. Sagicor Select Financial Fund led trading with 95.3 percent of total volume, after exchanging 218.40 million shares followed by Wigton Windfarm with 2.1 percent of the day’s trade for 4.81 million units and Transjamaican Highway with 1.4 percent market share for 3.10 million units.
Trading averaged 5,591,567 units at $5,529,709 for each security, versus 316,046 shares at $4,811,167 on Thursday. Month to date average ended with 639,789 units at $6,875,412 for each security, compared to 382,145 units at $6,945,430. October averaged 398,200 units at $4,622,532.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of trading, Barita Investments gained 45 cents to settle at $84.50, in exchanging 101,656 shares, Caribbean Cement advanced by $2 to $61, with investors swapping 3,296 units, Eppley rose $2.20 to $24.45, after 19,640 stock units passed through the market. Grace Kennedy ended $3.86 higher at $67, with 328,868 shares changing hands, Jamaica Stock Exchange rose 88 cents to $19.50 after exchanging a mere 100 units, JMMB Group advanced by $2 to $35, in trading 334,276 shares. Key Insurance closed at $10.35 and rose to $1.75 after trading 287,658 shares, MPC Caribbean Clean Energy declined by $4.50 to $145.50, in crossing the market with 224 units, Pan Jam Investment fell $1.05 to $67.10 trading 25,670 stock units. Proven Investments climbed $2.22 to $39.02, with an exchange of 56 units, Scotia Group advanced $2.89 to $47.99, with investors swapping 45,993 stock units, Stanley Motta shed 80 cents to close at $4.70, in crossing the market with 5,500 units and Supreme Ventures loss of 50 cents to end at $17.50, after 145,808 shares passed through the market.

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: Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers 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 Properties, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Junior Market closes higher on Friday

November 27, 2020 by IC Insider.com

The majority of stocks rose on the Junior Market of the Jamaica Stock Exchange on Friday, with the market index rising as investors traded 30 percent fewer shares with a value that was 57 percent lower than on Thursday even after Jamaican Teas, three for one stock split took effect at the start of trading and resulted in over 2.11 billion units in issue.

Jamaican Teas stock traded at a new price after a 3 for 1 stock split took effect on the Junior Market on Friday

Trading ended with 35 securities changing hands compared to 32 on Thursday and ended with the prices of 17 stocks rising, the prices of nine declining and nine remaining unchanged.
At the close, the Junior Market Index gained 26.08 points to settle at 2,513.83. The average PE Ratio ended at 12.4 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with 3,342,645 shares trading at $8,216,185 versus 4,782,100 units at $19,328,148 on Thursday.
Derrimon Trading led trading with 23 percent of total volume with a transfer of 768,451 shares, followed by Lumber Depot with 15.2 percent of the day’s trade with an exchange of 508,099 units and Jamaican Teas with 15 percent market share or 502,383 units.
Trading ended with an average of 95,504 units at $234,748 in contrast to 149,441 at $604,005 on Thursday. For the month to date, the average trade is 187,110 units at $553,030, compared to 192,183 units at $570,657 on Thursday. October ended with an average of 230,868 units at $535,509 trading.
Investor’s Choice bid-offer indicator reading for the market shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, AccessFinancial gained 10 cents to finish at $22 with 5,000 shares changing hands, AMG Packaging lost 5 cents to settle at $1.55 with an exchange of 2,735 stock units, Caribbean Cream advanced 28 cents to end at $4.13 with a transfer of 50 shares. Caribbean Producers climbed 23 cents to close at $2.63 with 145,795 units traded, Consolidated Bakeries increased 20 cents to $1.22 with 3,582 stocks changing hands, Derrimon Trading exchanged 768,451 shares and fell 10 cents to $2.40.Dolphin Cove gained 24 cents to end at $6.25 with 965 units changing hands, Elite Diagnostic rose 2 cents to $3.02 with investors swapping 99,756 stocks, Everything Fresh lost 10 cents to finish at 66 cents with 2,394 shares traded. Express Catering jumped 44 cents to $3.80 with 10,590 stock units passing through the market, Fontana dropped 30 cents to $5 with an exchange of 260,252 units, Fosrich increased 6 cents to $4.07 with 27,449 shares changing hands. GWest Corporation slipped 4 cents to 69 cents with 2,242 stocks changing hands, Honey Bun rose 3 cents to $4.83, trading 12,684 shares, iCreate rose 4 cents to 65 cents with 75,897 units passing through the market. ISP Finance surged $6.39 to $22.50 with 2,270 stocks changing hands, after a three for one stock split, Jamaican Teas exchanged 502,383 shares and added 9 cents to settle at a post-split price of $2.05, Jetcon Corporation rose 5 cents to 75 cents with the transfer of 5,539 units. Lasco Financial rose 20 cents to close at $2.60 with 40,000 shares crossing the exchange, Lasco Manufacturing declined 10 cents to $3.80 with the trading of 5,375 stocks, Limners and Bards gained 5 cents to settle at $2.50 and switching ownership of 31,000 units. Lumber Depot traded 508,099 shares and lost 7 cents to end at $1.21, Medical Disposables jumped 42 cents to close at $4.35 with 4,000 stocks crossing the market, Stationery and Office Supplies gained 5 cents to finish at $4.55 with 8,958 units changing hands. Tropical Battery slipped 6 cents to $1.10 with 256,976 stocks traded and tTech shed 30 cents to $4.60 with 74,427 shares crossing the exchange.

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: Access Financial, AMG Packaging, Best performing stock market, Blue Power, Caribbean Assurance Brokers, Caribbean Cream, 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, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Medical Disposables, Stationery and Office, Trading Activity, tTech

JSE USD market steadies

November 27, 2020 by IC Insider.com

The Jamaica Stock Exchange US dollar market closed trading on Friday with the market slipping after the price of just one stock closed with a change and 888 percent more shares traded than on Thursday.
At the close of the market, trading ended with six securities changing hands, the same as on Thursday and ended with the price of one rising and the five remaining unchanged.
The JSE USD Equities Index fell by 1.83 points to settle at 187.92. The average PE Ratio ended at 13.6 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 427,882 shares, for US$13,880 compared to 43,326 units at US$14,347 on Thursday. The daily trade averaged 71,314 units at US$2,313, in contrast to an average of 7,221 shares at US$2,391 on Thursday. Trading ended with an average of 49,490 units for the month to date at US$4,641, in contrast to 47,912 units at US$4,809. October averaged 697,808 units for US$17,320.
Investor’s Choice bid-offer indicator reading for the market shows one stock ending with the bid higher than the last selling price and none with lower offers.
At the close of the market, First Rock Capital Investment closed at 8.65 US cents trading 234 units, Margaritaville remained at 13 US cents, in crossing the exchange with 100 units, MPC Caribbean Clean Energy ended at US$1.15 after trading 30 units. Proven Investments closed at 25 US cents, after exchanging 19,400 stock units, Sygnus Credit Investments rose 0.49 of a cent to 15.99 US cents, with an exchange of 36,236 shares and Transjamaican Highway settled at 0.90 of 1 US cent, in a transfer of 371,882 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, First Rock Capital, Jamaica Stock Exchange, Jamaican stocks, JSE US dollar market, Margaritaville, Proven Investments, Sygnus Credit Investments, Trading Activity, Transjamaican Highway

Stocks mostly rise on TTSE on Friday

November 27, 2020 by IC Insider.com

Stock prices mostly rose in trading on the Trinidad and Tobago Stock Exchange on Friday, sending the market indices higher after 52 percent fewer shares and 71 percent lower value changed hands compared to Thursday.
Ansa Merchant Bank jumped $3.11 on the news of its intention to acquire all the shares in Bank of Baroda (Trinidad and Tobago).
The market closed with 15 securities trading, similar to Thursday and ended with six stocks advancing, three declining and six remaining unchanged. Trading resulted in 192,797 shares for $2,859,811 compared to 399,542 shares valued $9,719,737 on Thursday.
The average trade for the day amounted to 12,853 units at $190,654 versus an average of 26,636 units at $647,982 for each security on Thursday. Month to date averaged 10,981 shares at $129,455 compared to 10,884 units at $126,268 on Thursday. October averaged 16,922 shares at $285,061 for each security.
The T&T Composite Index advanced by 5.21 points to 1,286.72, the All T&T Index climbed 8.32 points to 1,714.39, while the Cross Listed Index added 0.28 points to close at 116.16.
Investor’s Choice bid-offer indicator ended with the bids of six stocks higher than their last selling prices and three with lower offers.
Stocks rising│ Agostini’s gained 25 cents trading 200 shares to close at $24.50, Ansa McAL added $1.50 to end at $51.50, in exchanging 11,500 stock units, Ansa Merchant Bank climbed $3.11 to $39.50, with a transfer of 1,056 units. First Citizens Bank rose 50 cents to $43.50, with 5,200 stocks changing hands, Grace Kennedy ended 10 cents higher at $3.70, in trading 89 units and JMMB Group added 2 cents to settle at $1.82, with 111,820 shares crossing the market.
Stocks declining│ Guardian Holdings shed 10 cents to finish at $20.40, in transferring 1,000 shares, One Caribbean Media lost 2 cents trading 4,651 stock units at $4.80 and Republic Financial Holdings declined by $3 to $133, with an exchange of 950 units.
Stocks trading firm│ Clico Investments closed unchanged at $25, trading 17,075 shares, Guardian Media transferred 2,182 units at $3.50, NCB Financial Group held firm at $8 after exchanging 2,544 stock units. Scotiabank ended at $54, with 16,737 shares changing hands, Trinidad and Tobago NGL traded 14,252 stock units at $14.50 and Unilever Caribbean closed at $16.70, with a transfer of 3,541 units.