Archives for July 2021

Trading plunged on JSE USD Market

July 26, 2021 by

Trading on the USD market closed on Monday with the market index rallying 5.65 points to 194.60 after the volume traded plunged by 95 percent and the value dropped 99 percent from Friday’s levels, resulting in an even number of stocks falling and rising.
Similar to Friday six securities traded, with two rising, two declining and two remaining unchanged.
The PE Ratio, a measure that computes an appropriate stock value, averaged 12.1 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 412,152 shares traded accounting for US$15,255 in contrast to 8,332,589 units  at US$1,043,788 on Friday.
Trading averaged 68,692 units at US$2,542, versus 1,388,765 shares at US$173,965 on Friday. Month to date trading averages 196,792 units at US$19,089 in contrast to 205,146 units at US$20,168 on Friday. June ended with an average of 87,444 units for US$6,162.
Investor’s Choice bid-offer indicator shows one stock ending with a higher bid than its last selling price and four with lower offers.
At the close, First Rock Capital dipped 0.84 of a cent to 7.16 US cents with an exchange of 37,444 shares, Margaritaville remained at 9 US cents with 150 stock units traded, Proven Investments rose 1 cent to finish at 25 US cents with ownership of 30,400 stocks switching. Sygnus Credit Investments fell 1 cent to 13 US cents with a transfer of 11,163 units and Transjamaican Highway rallied 0.13 of a cent cents to 0.93 of a US cent with 332,495 stock units crossing the exchange.
In the preference segment, JMMB Group 6% closed at US$1.03 with 500 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: , , , , , , , , , , ,

Gains for Trinidad stocks

July 26, 2021 by

Market activity ended on Monday, with the market rising after 88 percent fewer shares were traded with a 32 percent lower value than on Friday, resulting in vastly more stocks rising than falling at the close of trading on the Trinidad and Tobago Stock Exchange.

Trinidad & Tobago Stock Exchange Head Quarters

At the close, 16 securities traded, down from 19 on Friday, with seven rising, two declining and seven ending unchanged. The Composite Index advanced 3.72 points to 1,425.45, the All T&T Index climbed 5.41 points to 1,945.71 and the Cross-Listed Index popped 0.27 points to settle at 121.74.
Overall, 149,102 shares traded at $2,292,097, down from 1,197,083 units at $3,373,497 on Friday.
An average of 9,319 shares traded at $143,256 compared to 63,004 at $177,552 on Friday. The average month to date trade amounts to 23,795 units at $238,104 versus 24,605 units at $243,410. The average trade for June amounts to 45,770 units at $724,497.
Investor’s Choice bid-offer indicator shows five stocks ending, with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s exchanged 3,600 shares at $24.55, Angostura Holdings popped 5 cents to $16.49, with 675 stock units crossing the exchange, Calypso Macro Investment Fund settled at $16.50 after 455 stocks cleared the market, Clico Investment Fund ended at $27.50 after an exchange of 7,093 stock units. First Citizens Bank lost 30 cents to close at $50, after exchanging 250 stock units. FirstCaribbean International Bank closed at $6.50 after trading 78 stocks, GraceKennedy increased 31 cents to close at a 52 weeks’ high of $6.30 in switching ownership of 89,984 shares, Guardian Holdings advanced 20 cents to $33.75 with an exchange of 19,480 stocks. JMMB Group increased 5 cents to close at $2.10, with the swapping of 11,018 units, Massy Holdings advanced 39 cents to end at $80.44, with 8,270 stocks changing hands, National Enterprises gained 20 cents in closing at $3.90, with 2,014 units crossing the market. Prestige Holdings ended at $7.50 with an exchange of 2,510 stocks, Scotiabank settled at $59.75, after trading 164 units, Trinidad & Tobago NGL dropped 5 cents in trading 2,011 shares to close at $17.95. Trinidad Cement traded 500 stocks at $3.75 and Unilever Caribbean climbed 3 cents to $16.33 in trading 1,000 stocks.

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

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , ,

Profit surge for Supreme Ventures

July 26, 2021 by

Profit bolted 226 percent at Supreme Ventures, from $192 million in the covid-19 impacted June 2020 quarter to $627 million this year. For the half year to June, profit climbed 32 percent from $929 million in 2020 to $1.23 billion in 2021.
Total revenues recovered from the depressed 2020 covid-19 affected out turn and rose 46 percent for the quarter, to $10.85 billion from $7.4 billion in 2020 and popped 23 percent for the year to date, to $21.6 billion from $17.54 billion in 2020
Gross profit surged 57 percent to $236 billion in the June quarter from $1.5 billion in 2020 as direct cost rose 44 percent from $5.9 billion to $8.5 billion. For the half year, gross profit climbed 15 percent in the 2021 half year to $4.37 billion from $3.8 billion as direct cost popped 25 percent to $17.2 billion from $13.74 billion. Selling, administrative and other expenses spiked 44 percent to $1.55 billion, from $1.08 million in June 2020 Quarter and climbed 21 percent to $2.87 billion from $2.38 billion in 2020.
Financial instruments contributed income of $128 million in the quarter versus a loss of $27 million in 2020 and ended the half year with income of $139 million, versus a loss of $81 million in 2020, while taxation came in at $325 million from $208 million in 2020 second quarter and for the half year $487 million in 2021 versus $480 million in 2020.
The company is grouped into four reporting segments; Lottery, Sports Betting includes horseracing, Pin Codes and Other. During the six months, the Lottery segment generated revenues of $9.88 billion versus $9.1 billion in 2020, with profit falling 8 percent to $1.54 million compared to $1.7 billion in 2020. Sports Betting pulled in revenues of $5.7 billion versus $2.6 billion in 2020 and transformed a loss of $188 million profit into a profit of $403 million in 2021, Pin Codes generated income of $5.74 billion in 2021 with a profit of $95 million versus revenues of $5.75 billion in 2020 and profit of $125 million and the segment – Other had revenues of $198 million with a loss of $533 million compared to revenues of $44 million and with a loss of $187 million in 2020.

Gross cash inflows ended at $2 million, after paying corporate taxes of $613 million and spending $1.9 billion on addition to fixed assets, acquisition of a subsidiary and paying $1.27 billion in dividends, the group paid out $2.24 billion of cash brought forward, leaving just over $4 billion in cash funds at the end of June. Current assets ended the period at $6.5 billion inclusive of trade and other receivables of $2 million, cash and bank balances of $4 billion. Current liabilities ended at $4.3 billion, leaving net current assets at $2.2 billion. At the end of June, shareholders’ equity stood at $4.1 billion, with long term borrowings at just $5.4 billion and short term loans at $350 million.
Earnings per share amounted to 46 cents for the six months and 23.4 cents for the June quarter. The stock traded at $19.25 on the Main Market of the Jamaica Stock Exchange with a PE ratio of 19 times based on ICInsider.com forecast of $1 per share, versus an average of 16.3 for the market. The net asset value is $1.56, with the stock selling at 12 times book value.

Filed Under: Company News, Company Results Tagged With: , ,

Seprod early report inadequate info

July 25, 2021 by
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Seprod midyear quarterly interim financial report is quick out of the box, well ahead of the August 14 deadline; last year, the company released the results early as well, on July 23. While the company’s management can be commended for the timeliness of the report, they, unfortunately, fall on adequate disclosure.
While operating revenues rose marginally, direct cost increased sharply by $1.8 billion, from $5.7 billion to $7.5 billion in the latest quarter. Other operating expenses that include administrative expenses dropped by nearly a billion, from $2.73 billion to $1.75 billion. Management never thought it important to provide shareholders with the reasons for the sharp differences.
The first quarter results had no such variation. The data suggest that investors are not getting information on a like for like basis. It would also be nice if the report stated the number of issued shares.
For the three months to June, the Group’s revenues pushed 8 percent higher to $10.25 billion, from $9.47 billion in the similar quarter in 2020 and netted a profit of $661 million, a minor decrease fall from $668 million in 2020.
For the six months to June, revenues rose 7 percent from $18.6 billion to $19.8 billion, with a net profit slipping from $1.3 billion to $1.21 billion. Other operating income plunged from $94 million in the June 2020 quarter to $50 million this year, while profit fell from $217 million to $178 for the half year.
According to the report of the directors, Paul Scott, Chairman and Richard Pandohie, Managing director,  ”the year to date profit performance down 7 percent, showed improvement compared to Q1 results down 14 percent, as we have narrowed the deficit through realignment of the cost structure and price increases in Q2. The cost of goods has climbed considerably driven by global supply chain challenges.” which negatively impacted certain inputs into production.

Some of Seprod”s products.

Segment results show the Manufacturing division enjoying a 7.3 percent increase in revenues to $4.9 billion to third parties and contributed segment results of $1.6 billion, down from $2.1 billion. In comparison, the distribution segment saw an 8 percent fall in profit to $859 million with revenues rising 6 percent to $14.9 billion.
Finance cost declined in the quarter to $233 million from $315 million in 2020 and from $595 million to $501 million for the six months period.
Gross cash flow raked in $1.8 billion, but working capital and long term capital needs, a dividend payment of $220 million resulted in cash increasing just $77 million to add to the $2.79 billion at the end of 2020.
Total current assets stood at $18 billion inclusive of trade and other receivables of $6.4 billion, cash and bank balances of $2.86 billion and $7.8 billion in inventories. Net current assets ended the period at $9.6 billion, with Current liabilities standing at $8 billion. At the end of June, shareholders’ equity stood at $18 billion with long term loans of $11 million and short term borrowings at $2.5 billion.
The stock traded at $69.10 on the Jamaica Stock Exchange Main Market on Friday. Earnings per share came out at 92 cents for the quarter and $1.70 for the half year. ICInsider.com is forecasting earnings of $3.75 per share for this year and puts the stock value at a PE of 18.4 times earnings and above the market average of 16.3. Net asset value is $24.56, with the stock selling at 2.8 book value.

Filed Under: Company News, Company Results Tagged With: , , ,

#1 ICTOP10 pick to stun market

July 24, 2021 by

ICTOP10 number 1 stock, Radio Jamaica (RJR) price moved up 22 percent since releasing full year results recently, with the stock trading at the highest price in a year, it is set to lose the number one spot sooner than later. The company reported just 7 cents per share from reduced revenues. On the surface, the stock price should at best remain at the prerelease price around $1.70 level, but there is much more to those results that only a more detailed assessment would reveal.

Media house, RJR traded most shares on friday

Based on ICInsider.com research, investors should expect the first quarter profit to exceed the 2021 fiscal year results of $171 million on the way to record just under $1 billion in profit for 2022 to give investors a big payday.
RJR is the sort of stock that few would have on their buy list. After all, the company has not performed particularly well in recent years. Worse the Cocvid-19 pandemic made matters tough for them, with contraction in revenues and initially, reduced profit. What goes for RJR would apply to many of the ICInsider.com top stocks for 2021. ICInsider.com goes beyond the actual results to find important information that is not always useful to many but can provide guidance into the future and expose above average profit growth.
That is one reason why many of the selections at the start of the year have done well. Examples are as such, Caribbean Cream up 43 percent for the year to date started the year at the number 2 spot, Caribbean Producers the number 3 spot selection is up 82 percent, Main Event up 73 percent, Medical Disposables up just 12 percent, Stationery & Office Supplies 55 percent, Lumber Depot 116 percent and Mailpac 32 percent. Later, Future Energy Source was added to the list at the IPO stage and is up an impressive 110 percent. Additionally, Jetcon Corporation up 76 percent and Jamaican Teas 100 percent are not being counted. The Main Market with few overall winners for that market so far also produced winners from the TOP15 list, posted at the start of the year, Grace, Carreras, Caribbean Cement and Jamaica Broilers.
The TOP10 stocks are not always the best in the market but are most likely to be the best winners within a fifteen-month period. IC ranked stocks to filter out the big winners, allowing investors to focus on potentially big winners and help to keep out emotional attachments to stocks.
PanJam Investment earnings is downgraded to $4.50 per share and the stock moved out of the TOP10 Main Market listing and is replaced by Scotia Group, now in at tenth spot. There are no changes in or out of the Junior Market list.
This past week the average gains projected for the Junior Market moved up from 183 percent last week back to 202 percent and Main Market stocks moved to 164 percent from 176 percent.
The top three stocks in the Junior Market continue, with Elite Diagnostic heading the list, followed by Caribbean Assurance Brokers and Medical Disposables, with potential to gain between 237 percent and 291 percent compared to 233 and 242 percent last week. The top three Main Market stocks are Radio Jamaica in the number one spot, followed by JMMB Group Guardian Holdings, with expected gains of 183 to 292 percent as RJR price rose and reducing its future potential growth, versus last weeks’ 181 to 379 percent.
The Junior Market closed the week with an average PE 13.1 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 and the recent historical average of 17 for the period to March this year based on 2020 earnings. For the Junior Market to trade at the historical average, the PE Ratio would have to rise 30 percent and requires a rise of 53 percent to reach the targeted PE of 20 by March 2022. Main Market stocks would have to rise by 17 percent to hit a PE of 19 and 23 percent to get to the target of 20. The Junior Market Top 10 stocks average PE is a mere 6.8, just 52 percent of the market average, indicating substantial gains ahead.
The JSE Main Market ended the week with an overall PE of 16.4, a little distance from the 19 the market ended at in March, suggesting just a 17 percent rise at a PE of 19 and 23 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.8 or 48 percent of the PE of that market, well off the potential of 20.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. 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: , , , , , , , , , , , , , , , , , , , , , , ,

Rally for JSE Main Market

July 23, 2021 by

Market activity ended on Friday with a 25 percent rise in the number of stocks trading with value jumping 125 percent over Thursday’s level leading to a rise in the All Jamaican Composite Index of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index popped 853.62 points to 457,850.00, the JSE Main Index dipped 52.77 points to 419,356.37 and the JSE Financial Index inched 0.08 points higher to 103.25.
Trading ended with 49 securities compared to 52 on Thursday, with 21 stocks rising, 22 declining leaving six unchanged. The PE Ratio, a measure that determines an appropriate relative stock value, averages 16.2 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 15,681,808 shares trading for $104,944,658 versus 12,497,532 units at $46,668,151 on Thursday. Wigton Windfarm led trading with 34.1 percent of total volume after exchanging 5.34 million shares followed by Sagicor Select Financial Fund, with 32.2 percent for 5.06 million units and Carreras 3.9 percent, with 610,110 units.
Trading averaged 320,037 units at $2,141,728, compared to 240,337 shares at $897,464 on Thursday. Trading month to date averages 340,903 units at $18,719,581, in contrast to 342,188 units at $19,740,077 on Thursday. June ended with an average of 249,610 units at $3,877,606.
Investor’s Choice bid-offer indicator reading has 14 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints shed $1.30 to end at $13.70 in trading 1,713 shares, Caribbean Cement rose 30 cents to close at $92.50 with the swapping of 58,979 shares. Eppley rallied $3.30 to settle at $43 after exchanging 9,860 stocks, Eppley Caribbean Property Fund shed 50 cents to end at $42.50 with a transfer of 1,393 units, GraceKennedy spiked $1.22 to $99.22 with 67,577 stocks crossing the market. Guardian Holdings dropped $14 to $650 after 1,474 stock units crossing the market, Jamaica Broilers shed 48 cents to $36.02 in switching ownership of 117,897 shares, Jamaica Producers declined $2.36 to $21.64 with 25,860 stocks changing hands. Jamaica Stock Exchange lost 34 cents to close at $17.31 in transferring 39,838 stock units, Kingston Wharves rose 44 cents to $49.94 in switching ownership of 5,128 stocks, Margaritaville spiked 77 cents to $15.27 in trading 300 units. Palace Amusement dived $120 to $980 with 102 stocks crossing the exchange, Scotia Group lost 37 cents to $38.75 in trading 126,690 shares, Seprod rallied $1.98 to $69.10 in switching ownership of 90,663 stock units, Sterling Investments gained 20 cents to finish at $3 in exchanging 101,297 units and Supreme Ventures popped 30 cents to close at $19.25 with the swapping of 201,367 shares.
In the corporate bond market, Guardian Holdings 6.5% due 2025 traded 14 million units at $101.28.

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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Sygnus dominates USD market on Friday

July 23, 2021 by

Sygnus Credit Investments commanded 89 percent of the stocks traded on the JSE USD market on Friday after an exchange of 7.4 million units of the company’s shares and driving the overall volume of the market up by a huge 3,226 percent over Thursday, with a value that was 1,610 percent greater.

Sygnus Credit Investments traded most shares on the USD market.

Overall, 8,332,589 shares traded in exchange for US$1,043,788 compared to 250,508 units at US$61,050 on Thursday.
Trading ended with six securities changing hands, compared to eight on Thursday with the prices of three stocks rising, none declining and three remaining unchanged.
The JSE USD Equity Index slipped 2.26 points to end at 188.95 at the close.
The PE Ratio, a measure that computes an appropriate stock value, averages 12.1 based on ICInsider.com’s forecast of 2021-22 earnings.
Trading averaged 1,388,765 units at US$173,965, compared to 31,314 shares at US$7,631 on Thursday. The average month to date comes out at 205,146 units at US$20,168 in contrast to 122,568 units at US$9,438 on Thursday. June ended with an average of 87,444 units for US$6,162.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and three with lower offers.
At the close, First Rock Capital gained 0.1 of a cent to close at 8 US cents, with 285 shares changing hands, Margaritaville settled at 9 US cents with an exchange of 30,000 units, Proven Investments ended at 24 US cents with 4,218 stocks traded. Sygnus Credit Investments rose 0.2 of a cent to 14 US cents, with a transfer of 7,427,937 stock units and Transjamaican Highway gained 0.05 of a cent to close at 0.8 of a US cent with 865,149 shares crossing the exchange.
In the preference segment, JMMB Group 6% closed at US$1.03 with 4,000 stock units 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: , , , , , , , , , , ,

Big bounce for Junior Market on Friday

July 23, 2021 by

Trading closed on the Junior Market on Friday, with the index making a sizable recovery as trading picked up, with 44 percent more stocks than on Thursday and with 98 percent greater value.
Market activity led to 33 securities trading, similar to Thursday, and ended with 11 stocks rising, 13 declining and nine ending unchanged.
At the close, the Junior Market Index rallied 33.83 points to finish at 3,369.03. The PE Ratio, a measure used in computing an appropriate stock value, averages 13.1 based on ICInsider.com’s 2021-22 earnings forecast.
A total of 5,307,749 shares traded for $17,164,498 compared to 3,674,321 units at $8,690,782 on Thursday. Future Energy Source led trading with 28.8 percent of total volume in trading 1.53 million shares, followed by Mailpac Group 22.1 percent, with 1.17 million units and Lasco Distributors 19.5 percent, with an exchange of 1.03 million units.
Trading averages 160,841 units at $520,136 versus 111,343 at $263,357 on Thursday. Trading for the  month to date averages 156,090 units at $447,181, versus 155,814 units at $442,949 on Thursday. June closed with an average of 225,705 units at $644,459.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging lost 8 cents to finish at $1.56 with 125,170 shares passing through the market, Blue Power dropped 25 cents to $3.35 with 550 stock units traded, Cargo Handlers shed 50 cents to settle at $8 in switching ownership of 1,000 units. Caribbean Cream slipped 10 cents to $6 with an exchange of 15,820 shares, Consolidated Bakeries popped 35 cents to $2, with 1,679 stock units changing hands, Fosrich climbed 25 cents to $8.15 with a transfer of 12,895 units. Honey Bun rallied 14 cents to $6.74 with 14,799 shares crossing the exchange, Indies Pharma gained 17 cents to $3.96, with 58,209 stock units traded, Iron Rock Insurance shed 60 cents to end at $3.60 with an exchange of 74,353 units. KLE Group rose 10 cents to $1.28 with 5,000 shares changing hands, Limners and Bards lost 8 cents to finish at $3.02 with a transfer of 164,547 stock units, Lumber Depot fell 7 cents to $3.36, with investors switching ownership of 202,312 units. Mailpac Group slipped 5 cents to $3.80, with 1,172,910 stocks traded and tTech dropped 35 cents to $4.40 with 85,940 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 Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Trading volume surges on T&TSE

July 23, 2021 by

Market activity ended on Friday, with the market rising after investors traded 2,619 percent shares with 174 percent higher value than on Thursday, resulting in more than twice the stocks rising than falling at the close of trading on the Trinidad and Tobago Stock Exchange.
At the close, 19 securities traded compared to 17 on Thursday, with seven rising, three declining and nine remaining unchanged. The Composite Index popped 1.48 points to 1,421.73, the All T&T Index rose 2.86 points to 1,940.30 and the Cross-Listed Index remained unchanged at 121.47.
Overall, 1,197,083 shares traded for $3,373,497 compared to 44,028 units at $1,232,479 on Thursday. An average of 63,004 units traded at $177,552 compared to 2,590 at $72,499 on Thursday. The average trade for the month to date amounts to 24,605 units at $243,410 versus 21,872 units at $248,096. The average trade for June amounts to 45,770 units at $724,497.
The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s ended at $24.55, with 46 shares crossing the exchange, Angostura Holdings remained at $16.44 while exchanging 6,002 stock units, Ansa Merchant Bank ended at $41, with one stock crossing the market. Clico Investment Fund traded 4,807 shares at $27.50, First Citizens Bank popped 30 cents to $50.30, trading 39 stocks, GraceKennedy rose 1 cent to $5.99, with an exchange of 9,890 stock units, Guardian Holdings popped $1.05 to $33.55 after 10,799 stocks changed hands. JMMB Group settled at $2.05, trading 1,130,050 shares, L.J Williams B share remained at $1.50, with 1,047 shares crossing the market, Massy Holdings dropped 55 cents to $80.05, with 2,319 stock units changing hands. National Enterprises popped 10 cents to $3.70 after just one stock unit was traded, National Flour Mills lost 4 cents to close at $2 in trading one stock, One Caribbean Media dropped 50 cents to close at a 52 weeks’ low of $4 a mere one share crossing the market. Point Lisas remained at $3.15 in exchanging at 1,001 stocks, Prestige Holdings gained 25 cents to end at $7.50, with 86 stock units changing hands, Scotiabank closed at $59.75, with 639 shares clearing the market. Trinidad & Tobago NGL remained at $18 after exchanging 4,031 stock units, Trinidad Cement increased 25 cents to close at $3.75 in exchanging 25,913 stocks and West Indian Tobacco popped 1 cent to $32.50 in switching ownership of 410 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

More decline for Junior market

July 22, 2021 by

Trading closed on Thursday with the Market index declining for a third day as volume and value of stocks traded varying marginally from that on Wednesday on the Junior Market of the Jamaica Stock Exchange.
Market activity led to 33 securities trading compared to 34 on Wednesday and ended with the prices of 13 stocks each, rising and falling, leaving nine unchanged. At the close, the Junior Market Index dropped 11.87 points to settle at 3,335.20.
The PE Ratio, a measure used to compute an appropriate stock value, averages 13.2 based on ICInsider.com’s 2021-22 earnings forecast.
A total of 3,674,321 shares traded for $8,690,782 compared to 3,516,276 units at $8,817,575 on Wednesday.
Future Energy Source led trading with 41.4 percent of total volume as 1.52 million shares traded, followed by Caribbean Flavours 25 percent of the day’s trade, with 918,114 units and Mailpac Group 4.7 percent in exchanging 172,567 units.
Trading averages 111,343 units at $263,357 in contrast to 103,420 at $259,340 on Wednesday. Trading month to date, averages 155,814 units at $442,949, versus 158,552 units at $454,006 on Wednesday. June closed with an average of 225,705 units at $644,459.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Blue Power advanced 20 cents to $3.60 with an exchange of 4,639 shares, Caribbean Assurance Brokers rose 5 cents to end at $1.91, with 5,099 stocks changing hands, Caribbean Cream dropped 29 cents to finish at $6.10 with 27,902 units traded. Caribbean Flavours fell 11 cents to $2 with a transfer of 918,114 shares, Consolidated Bakeries dropped 34 cents to $1.65, with 7,000 stocks passing through the market, Elite Diagnostic slipped 13 cents to $3.07, with an exchange of 17,988 units. Express Catering rallied by 54 cents to end at $6.04 with 41,133 shares changing hands, Fosrich slipped 10 cents to $7.90 with 18,234 units traded, Honey Bun popped 5 cents to $6.60 with a transfer of 14,513 stocks. Jetcon Corporation rose 9 cents to $1.39 with investors switching ownership of 6,333 units, KLE Group spiked 13 cents to $1.18 with an exchange of 2,466 shares, Lasco Manufacturing slipped 18 cents to $4.82, with 24,939 stocks changing hands. Limners and Bards dipped 5 cents to $3.10 with 36,700 stock units traded, Medical Disposables fell 23 cents to $4.76 with a transfer of 1,276 units, Stationery and Office Supplies shed 36 cents to settle at $7.04 with 4,500 stocks changing hands and tTech jumped 33 cents to $4.75 with 492 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 Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,