Junior Market trading climbs – Tuesday

Junior Market stock trading.

The Junior Market of the Jamaica Stock Exchange closed with volume and value increasing more than 80 percent over Tuesday, with the market index losing 11.81 points to 2,966.83.
Investors exchanged 21 securities, down from 22 on Monday with prices of 9 rising 8 falling, leaving 4 unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Trading resulted in an exchange of 1,586,013 units at $4,904,015, compared to 876,086 units valued $2,653,927, changing hands on Monday. Trading ended with an average of 75,524 units for an average of $233,525 in contrast to 39,822 units for an average of $120,633 on Monday. The average volume and value for the month to date amounts to units 98,795 valued $352,089 and previously 100,553 valued $361,045 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
At the close of the market, AMG Packaging ended at $2.23, trading  2,000 stock units, Caribbean Cream rose 21 cents to close at $5.49, trading 17,051 shares, with Caribbean Producers finished trading 7,000 units with a loss of 18 cents at $4.62, Derrimon Trading ended 4 cents higher at $2.75, with an exchange of 2,000 shares. Everything Fresh lost 15 cents to close at $1.40, with 69,000 stock units changing hands, Elite Diagnostic settled 2 cents higher at $2.97, with 26,238 units traded, FosRich Group traded 2,800 shares and rose 25 cents to end at $4.15, Fontana finished trading 207,076 shares at $3.80. General Accident closed 5 cents higher at $4, with an exchange of 3,000 stock units, GWest Corporation rose 3 cents to close at $1.33, with 52,298 units passing through the market, Indies Pharma finished trading 4 cents higher at $3.05, with 1,018,100 shares changing hands. Iron Rock settled with a loss of 40 cents at $3.50, with the trading of 2,668 shares, Jamaican Teas  traded 3,000 units with a loss of 55 cents at $3.55. Jetcon Corporation  ended market activity with 62,000 shares and lost 13 cents to close at $2.35,  KLE Group  ended with a loss of 20 cents at $2.50, with 964 shares changing hands, Lasco Distributors  finished 5 cents higher at $3.75, with 15,000 units traded, Lasco Financial  rose 20 cents and higher settled at $4.40, while trading 600 shares. Lasco Manufacturing  ended trading 70,318 shares, with a loss of 25 cents to close at $3.20,  Main Event  ended with a loss of 5 cents at $4.95, with 10,400 shares changing hands, Stationery and Office concluded trading of 9,000 shares at $6.75 and tTech settled at $5.30, with 5,500 stock units trading.

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

JP sell 30% of JP Snacks to Wisynco

Jamaica Producers former HQ

Jamaica Producers Group and Wisynco Group entered into an agreement that see the transfer 30% of the shares in JP Snacks Caribbean (‘JP Snacks’) to Wisynco Group.
JP Snacks Caribbean is a holding company that will own the “JP St. Mary’s” brand and JP’s tropical snack manufacturing operations in which JP will hold the remaining 70 % percent of the shares.
“The goal of the partnership is to bring to consumers in Jamaica and internationally, a wide range of innovative Caribbean snacks and tropical foods. Wisynco will bring to the partnership, their expertise in marketing,

Wisynco Group

manufacturing and importantly, their best in class distribution network. The transaction values JP Snacks at $2.4 billion and sees Wisynco investing $720 million for a 30 percent interest, a release from both companies stated.
The release further stated that “the business will seek to strengthen distribution in existing markets in the USA, Canada, the Caribbean, the UK and Central America, in addition to seeking new markets. JP St. Mary’s snacks will continue to be the flagship product line of JP Snacks through its banana, plantain, cassava and breadfruit chips, as well as similar product lines for the Spanish language markets.
Jamaica Producers Group is a Jamaican-owned multinational, with its primary businesses infood and logistics. JP owns and operates the market leading fresh juice manufacturer, supplying

Jamaica Producers to introduce a new line of banana chips.

Holland, Belgium, Scandinavia and other markets in Northern Europe. Through its Tortuga International subsidiary, JP Group operates a Jamaica- based bakery that supplies Tortuga Rum Cake to over 15 countries. JP Group’s logistics interests include Kingston Wharves, the regional multi-purpose port and JP Shipping Services based in the UK. JP also owns JP Farms, Jamaica’s leading banana farm, which is the largest private sector employer in St. Mary, Jamaica.
Wisynco is the maker of WATA, CranWATA, BOOM Energy Drink and BIGGA soft drinks. In addition to its owned brands, WISYNCO is the exclusive local bottler for the Coca- Cola Company, as well as third-party beverage brands such as Squeezz and Hawaiian Punch and also distributes portfolios for Red Bull, Tru Juice & Freshhh, Dr. Pepper, Worthy Park Estate, Kellogg’s, General Mills, Nestle and others.

More $$s chased Trinidad stocks – Tuesday

Trinidad & Tobago Stock Exchange Head Quarters

More dollars chased less stocks in trading on the Trinidad & Tobago Stock Exchange on Tuesday with 14 securities changing hands, compared 18 on Monday.
At the close, investors exchanged 218,204 shares at $5,294,306, compared to 372,356 shares at $3,109,288 on Monday. The market closed with 4 stocks rising, 3 declining and 7 remaining unchanged. At the close, 2 securities closed at 52 weeks’ highs and 1 ended at a 52 weeks’ low.
At the market’s close, the Composite Index slipped 0.15 points to 1,331.05. The All T&T Index  rose 0.52 points to 1,767.36, while the Cross Listed Index declined 0.11 points to close at 120.73.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended at stocks with bids higher than their last selling prices and 1 with a lower offer.
At the close of the market, stocks ending with gains| LJ Williams B preference share rose 1 cent to end at a 52 weeks’ high of 90 cents, after exchanging 800 shares, Massy Holdings gained 91 cents and ended at $54, after trading 8,099 shares. Trinidad & Tobago NGL added 10 cents and settled $29.50, with 43,485 units and West Indian Tobacco closed with an increase of 5 cents and completed trading at a 52 weeks’ high of $98.80, with 505 stock units changing hands. 
Stocks closing with losses| Clico Investments lost 3 cents and completed trading at $23, with 78,671 stock units changing hands, Sagicor Financial ended 13 cents lower at $8.66, after exchanging 1,844 shares  and Scotiabank lost 50 cents and closed at a 52 weeks’ low of $62.50, with 16,875 stock units changing hands.
Stocks closing firm| Ansa Merchant Bank ended at $37, after exchanging 2,887 shares, Calypso Macro Index Fund traded 400 shares to close at $14.51, Guardian Holdings settled at $18.50, with 3,612 units changing hands. NCB Financial Group ended exchanging 4,513 shares at $8.25, Republic Financial Holdings closed at $120, after exchanging 1,152 shares, Trinidad Cement exchanged 49,394 shares to close at $2.60 and Unilever Caribbean ended at $26.30, after exchanging 5,967 shares.

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

 

Jamaica’s historical low unemployment

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The unemployment rate fell to its lowest level on record, with January 2019 unemployed falling 1.6 percentage points from 9.6 percent in January 2018 and ending at was 8 percent for the first month of 2019.
The fall in the unemployed number arose from an increase in the Employed Labour Force for January 2019 of 1,232,700, some 28,600 or 2.4 percent more than in January 2018. The largest increase in employment was in the occupation group ‘Clerks’ 12,800 or 15.8 percent, which moved to 94,000 in January 2019. Of the increase in employment in this group, females accounted for 8,300 persons.
Female employment was 3.5 percent more and males 1.4 percent than in the 2018 period, Statin data shows. The increase in employment for females was more than twice that of males. The number of employed males increased by 9,500 to 673,500 and employed females by 19,100 to 559,200.
More females were employed in the occupation groups ‘Professionals, Senior Officials and Technicians’ and ‘Clerks’. There was also an increase in the number of females employed in the industry groups ‘Hotels & Restaurants Services’ and ‘Real Estate, Renting and Business Activities’.

Jamaica’s inflation up 0.8% in March

Inflation in Jamaica rose 0.8 percent in March and brings the year to 0.7 percent date data released by the Statistical Institute of Jamaica (STATIN) shows and the fiscal year inflation to 3.4 percent.
According to Statin, the movement was mainly attributable to a fall of 0.9 percent in the index for the heaviest weighted division Food and Non-Alcoholic Beverages and a 1.5 percent rise in the Housing, Water, Electricity, Gas and Other Fuels division at resulted from a 2.7 percent increase in the group ‘Electricity, Gas and Other Fuels’. Also contributing to March’s inflation rate was an increase of 1.1 percent in the index for the ‘Transport’ division. This was mainly attributable to the rise in petrol prices.

 

Wisynco to distribute JP Snacks

An announcement is set for today, that the  Wisynco Group has picked up the distribution of certain Jamaica Producers’ products.
A check with a spokesperson for Wisynco indicated that they could not confirm the distribution agreement. It is unclear whether the new distribution agreement is only for the Jamaican market or if it includes other markets as well.
Other sources had indicated the distribution was for Tortuga Rum Cake Jeffery Hall, Managing Director of Jamaica Producers 62 percent shareholders in Tortuga International Holdings manufacturers of the rum cake, told IC Insider.com that the distribution of Rum cake remains with Select Brands who have indebt knwoledge of the market for the Rum Cake. Tortuga International had revenues of $879 million in 2018 according to the group’s audited accounts. The link up with Wisynco would be expected to drive growth for the product that suffered a slight fall in revenues in 2018 compared to 29017.
Wisynco confirmed that the company are now distributors of packaged sugar for the Pan Caribbean sugar company in Frome as well as Appleton Sugar factory. Seprod is also said to be co distributors as well for the pacaked Appleton sugar.

Trinidad stocks showing promising signs

First Citizens is one of a number of Trinidad stocks closing at 52 weeks’ high in 2019 on TTSE.

Trading on the Trinidad & Tobago Stock Exchange, continues to show signs of new life in 2019, with the market ending on Monday with 18 securities changing hands, against 13 on Friday.
The market closed with 7 stocks rising, 3 declining and 8 remaining unchanged, leading to positive gains in the main market indices and rise of 3.6 percent for the year to date for Trinidad stocks compared to a 1.8 percent fall at the same time in 2018. For the year to date, a number of stocks recorded new 52 weeks’ highs and that trend seems set to continue.
At the market’s close, Composite Index rose 2.56 points to 1,331.20. The All T&T Index declined gained 5.11 points to 1,766.84, while the Cross Listed Index inched down by 0.01 points higher to close at 120.84. At the close, investors exchanged 372,356 shares at $3,109,288, compared to 102,669 shares at $1,954,012 on Friday.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended at stocks with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, stocks ending with gains| Clico Investments gained 3 cents and settled at $23.03, with 26,572 stock units changing hands, First Citizens added 2 cents to close at $36.55, after exchanging 1,712 shares, National Enterprises increased 45 cents and settled at $7.25, with 2,000 stock units changing hands. National Flour rose 5 cents and closed at $1.68, in trading 180,293 units, One Caribbean Media closed with a gain of 15 cents and completed trading at $10.30, after exchanging 119,300 shares. Point Lisas gained 10 cents and settled at $3.55, with 1,000 stock units changing hands and Republic Financial Holdings finished trading 563 shares with a rise of 8 cents in closing at $120.
Stocks closing with losses| Angostura Holdings fell 20 cents and settled at $15.80, with 1,105 stock units changing hands, Massy Holdings closed with a loss of 11 cents and completed trading at $53.09, after exchanging 9,550 shares and Sagicor Financial shed 1 cent and completed trading at $8.79, after exchanging 13,754 shares.
Stocks closing firm| Agostini’s completed trading at $23.33, after exchanging 560 shares, Grace Kennedy settled at $3.35, with 300 stock units changing hands, Guardian Holdings concluded trading with 137 units at $18.50, JMMB Group completed trading at $1.75, after exchanging 7,385 shares. NCB Financial Group ended at $8.25, after exchanging 1,257 shares, Trinidad & Tobago NGL exchanged 3,765 units, at $29.40, Trinidad Cement ended at $2.60, after exchanging 2,303 shares and Unilever Caribbean traded 800 shares at $26.30.

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

JSE main market drops – Monday

Trading on the main market of the Jamaica Stock Exchange ended Monday as the JSE All Jamaican Composite Index sank 1,698.05 points to 417,110.99 and the JSE Index dropping 1,543.07 points to close at 380,035.17, with a positive advance decline ratio.
At the close of the main and US markets, 28 securities traded, compared to 30 on Friday leading to 12 advancing, 7 declining and 9 closing unchanged.
Trading ended with just 1,439,179 units valued at just $37,607,638 compared to 2,536,555 units valued $102,402,822 crossing the exchange on Friday.
Wisynco Group led with 603,633 shares, accounting for 42 percent of total main market volume, followed by Sagicor Group with 254,940 units with 18 percent of the day’s trades and Carreras with a mere 152,725 units for 11 percent of volume traded.
Market activity ended with an average of 55,353 units at $1,446,448 for each security traded, in contrast to 84,552 units at $3,413,427 on Friday. The average volume and value for the month to date amounts to 153,425 shares at $2,384,798 for each security, compared to 161,222 shares at $2,467,500 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 8 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Caribbean Cement gained $2.98 to finish at $66.50, with 10,819 shares changing hands, Grace Kennedy traded 3,189 stock units and added 45 cents to close at $60, Jamaica Broilers climbed $1.20 to close at $31.20, with an exchange of 35,925 shares.  Jamaica Stock Exchange fell 42 cents to close at $16.58, after trading 47,785 shares, Mayberry Jamaican Equities  lost 50 cents trading 5,946 shares at $8.6, Pulse Investments  rose 35 cents and finished at $2.95, with 25,000 shares crossing the exchange, Sagicor Group  rose 85 cents in trading 254,940 shares to close at $39. Sagicor Real Estate Fund exchanged just 500 shares to close at $10.30, after gaining 80 cents, Supreme Ventures rose $1 and finished at $26, with 46,131 units changing hands and Wisynco Group fell 24 cents trading 603,633 units to close at $11.06.
Trading in the US dollar market ended with 58,704 units valued at $7,867. Proven Investments gained 1 cents and ended trading with 15,204 units at 23 US cents and Sygnus Credit Investments shed 1 cent in trading 43,500 units to close at 11 US cents. The JSE USD Equities Index rose 2.85 points to close at 179.28.

Junior Market trading dives – Monday

The Junior Market of the Jamaica Stock Exchange closed almost unchanged on Monday, with reduced trading levels. The market inched higher by just 0.93 points to 2,978.64.
Investors exchanged 22 pushed securities down from 27 on Friday with prices of 6 rising 11 falling while 5 remained unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Trading resulted in an exchange of 876,086 units valued at $2,653,927, compared to 2,329,925 units valued at $9,758,045, changing hands on Friday. Trading ended with an average of 39,822 units for an average of $120,633 in contrast to 86,294 units for an average of $361,409 on Friday. The average volume and value for the month to date amounts to units 100,553 valued $361,045 and previously 105,772 valued at $381,706 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
At the close of the market, Blue Power concluded trading of 5,000 units at $4.50, Cargo Handlers settled with a loss of 5 cents at $10.95, with an exchange of 308 shares, Caribbean Producers finished trading of 1,600 units and closed 60 cents higher at $4.80. Consolidated Bakeries closed with a loss of 5 cents at $1.95, with 1,000 shares changing hands, Derrimon Trading ended with a loss of 4 cents at $2.71, in trading of 70,730 shares, Everything Fresh closed 6 cents higher at $1.55, with 294,056 stock units changing hands. Elite Diagnostic settled with a loss of 1 cent at $2.95, with 23,413 units passing through the market, Express Catering ended trading of 14,100 shares, with a loss of 74 cents at $7.06, FosRich Group traded 6,763 shares at $3.90, Fontana finished trading with a loss of 1 cent at $3.80, with 88,628 shares changing hands. General Accident closed at $3.95, with an exchange of 3,250 stock units, GWest Corporation  ended at $1.30, while trading 10,000 units, iCreate gained 5 cents to close at 85 cents, with an exchange of 16,600 shares, Indies Pharma finished with a loss of 1 cent at $3.01, with 93,095 shares crossing the exchange. Jamaican Teas  traded 8,977 units and rose 5 cents to close at $4.10,  Jetcon Corporation finished trading 3,093 shares, with a loss of 5 cents at $2.48,  Key Insurance closed 10 cents higher at $3.15, with the trading of 5,000 shares, Lasco Distributors  closed at $3.70, with an exchange of 59,681 units. Lasco Financial settled with a loss of 14 cents at $4.20, with 61,500 shares changing hands, Lasco Manufacturing ended trading of 42,460 shares, with a rise of 24 cents to $3.45, Main Event traded with 4,000 shares and lost 25 cents to end at $5 and Stationery and Office concluded trading of 62,832 shares with a loss of 1 cent at $6.75.

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

Watch Cement and Sagicor

Image courtesy of suphakit73/FreeDigitalPhotos.net


The past week saw stocks prices moving up and down with the announced initial Public offering of Wigton Windfarm, a pattern is likely to continue for a while.
The release of 2019 first quarter results could change the pattern for some stocks, with a few due for release before the end of April. Last week there was increased buying interest in Caribbean Cement, NCB Financial Group and Sagicor Group on Friday with the release of full year results for 2018. Investors should keep an eye on these, Wisynco, RJR, Seprod that remain attractive buys.
The Junior Market is being shaken up following the release of the prospectus for Wigton, as such there are no clear security to watch in this market during the week.