Big drop for JSE Main Market

The Main Market of the Jamaica Stock Exchange declined for the second day in a row as falling stock prices outpaced advancing ones, with trading levels rising well above that on Wednesday.
At the close, the All Jamaican Composite Index carved out a drop of 4,902.61 points to 414,217.20, the Jamaica Stock Exchange Main Index dived 4,332.39 points to close at 377,881.72 and the JSE Financial Index shed 1.18 points to end at 97.86. The average PE Ratio of the Main Market ended at 15.2 based on IC Insider.com’s forecasted 2020-21 earnings.
Trading ended with 43 securities changing hands with the prices of 13 stocks rising, 17 declining and 13 closing unchanged. The market closed with an exchange of 25,342,527 shares accounting for $172,663,218 compared to 19,356,583 units at $59,986,491 on Wednesday. Pulse Investments led trading with 9.34 million shares for 37 percent of total volume followed by   Transjamaican Highway with 4.88 million units for 19 percent of the day’s trade and Sagicor Select Financial Fund with 3.79 million units for 15 percent of market share. Other trades over a million units are Wigton Windfarm 2.7 million shares and Jamaica Broilers with 2 million shares.
The average trade for Thursday ended at 589,361 units for $4,015,424  in contrast to an average of 460,871 at $1,428,250 on Wednesday. The average trade for the month to date is 525,872 for $2,737,055, in contrast to 460,871 units at $1,428,250 for each security. In contrast, June ended with an average of 818,748 units at $7,498,308 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows 12 stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Barita Investments declined by $3 to $59, in trading 4,711 stock units, Caribbean Cement closed $1 higher at $50 after exchanging 25,101 stock units, Eppley gained 89 cents to end at $17.39, with a transfer of 100 units. Eppley Caribbean Property Fund climbed $1.02 to $43.95, with 11,357 stock units changing hands, First Rock Capital fell $1.99 to $12.01 trading 4,300 units, Jamaica Broilers Group rose 68 cents to end at $28.67, with 2,083,164 shares changing hands.  Jamaica Stock Exchange lost 44 cents to finish at $21.50, with an exchange of 31,009 stock units, JMMB Group picked up 50 cents transferring 35,000 stock units to settle at $31.50, Kingston Wharves declined to $53, with a loss of $4 exchanging 6,580 units. MPC Caribbean Clean Energy climbed $8 to $168, in trading 501 units, NCB Financial Group gained 80 cents to finish at $137.50 with 120,381 shares changing hands, PanJam Investment fell $1 to finish at $74 with the trading of 104,975 shares.  Sagicor Group climbed $3.90 to close at $50.15  as 110,812 shares crossed the market,  Scotia Group closed 90 cents higher at $45, in trading 348,793 shares and Sygnus Credit  Investments lost 50 cents to end at $16, with a transfer of 5,043 stock units.

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

7 days of unbroken fall for TTSE

The Trinidad and Tobago Stock Exchange suffered seven consecutive trading days of declines, with the market indices slipping modestly on Thursday, as trading levels remain subdued.
Fourteen securities traded on Thursday, with just one advancing, five declining and eight remained unchanged.  The volume of stocks passing through the market amounted to 168,366 shares valued at $1,257,424 compared to 125,817 shares for $1,972,975 on Wednesday from 18 securities.
The T&T Composite Index shed 0.63 points to 1,308.07. The All T&T Index was down 1.25 points to 1,764.05, while the Cross Listed Index remained at 115.15.
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 two with lower offers.
Gainers Similar to Wednesday, only one security gained, with Trinidad & Tobago NGL rising 5 cents to end at $17.25, with a transfer of 3,190 units.
Losers Ansa McAL lost 1 cent in exchanging 1,377 units and closed at $50, National Flour ended at $1.82, with a loss of 5 cents after trading 100,170 shares, Point Lisas closed 10 cents lower at $3.25 after investors swapped 32,974 stock units. Republic Financial Holdings shed 20 cents in a transfer of 52 units at $139.25 and West Indian Tobacco slipped 29 cents to $34.50, with an exchange of 5,100 units.
Firm TradesAgostini’s remained at $25 trading 250 units, Angostura Holdings held firm at $14.90 with 2,746 units changing hands, First Citizens Bank had an exchange of 115 units at $45.71. JMMB Group held firm at $1.95 with 11,470 stock units crossing the market, Massy Holdings remained at $57, in a transfer of 10,040 stock units, Prestige Holdings closed with a switch of 500 units at $8.20. Scotiabank closed with 110 units traded at $54.99 and Unilever Caribbean was unchanged at $16.98 trading 272 units.

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

JSE US$ Market stocks all fell

All the stocks trading on JSE US Dollar Market declined on Thursday and leading to more decline in the market index after trading volume surged over Wednesday’s levels.
Trading ended with four securities changing hands with the price of all four declining. The Market Index lost 3.89 points to close at 178.84. The average PE Ratio of the JSE US Dollar Market ended at 12.8 based on IC Insider.com’s forecasted 2020-21 earnings.
The market closed with an exchange of 1,520,815 shares, accounting for $77,061 compared to 12,538 units at $782 on Wednesday.
The average trade for Thursday ended at 380,204 units at $19,265 in contrast to an average of 2,090 valued at $130 on Wednesday. An average of 153,335 units traded for the month to date at US$7,784 for each security changing hands.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows three stocks with bids higher than their last selling prices and one with a lower offer.
At the close of the market, First Rock Capital lost one cent in exchanging 5,000 units to end at 9 US cents, Proven Investments concluded trading of 275,081 shares with the price falling four-tenths of a cent to close at 22.6 US cents and Transjamaica Highway lost one-tenth of a cent to close at 0.95 of a cent, with 1,238.234 shares crossing the exchange.
In the preference segment, JMMB Group 6% shed 6 cents, closing at US$1 with a transfer of 2,500 units.

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

NCB starts group rationalization

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NCB Financial Group announced the commencement of the streamlining of the group’s insurance portfolio. The move is in keeping with one of the rationales for acquisitions, to maximize returns from combining two or more entities.

NCB Financial Head Quarters in Kingston

According to NCB “in a bid to strengthen its Jamaican insurance portfolio and optimise its product and service offerings and customer experience, NCB Financial Group has begun the process of streamlining the insurance business currently offered by its competing subsidiaries – NCB Insurance Company and Guardian Life”.
NCB Insurance made applications to the Financial Services Commission seeking approval for the transfer of NCB Insurance of insurance and annuities business portfolio to Guardian Life and for the NCB Insurance to become licensed dealer under the Securities Act and to be registered as an insurance agent under the Insurance Act.
The submission also indicates that the application for approval of transfer of business and the application for registration as an insurance agent are contingent upon each other. If approved, these applications will allow NCBIC to discontinue its business as an insurance underwriter, retain and continue to operate its business as a Pension Fund Administrator and Investment Manager, while selling insurance products as an exclusive agent of Guardian Life under a new company name.
Other areas that investors can look forward to for cost-cutting will be in administrative costs, marketing, while the merger of the investing arms locally and overseas will bring enormous benefits.

JSE Main Market pulls back

Following substantial gains to close out June, the Jamaica Stock Exchange Main Market pulled back some of those gains as prices of several stocks gave up some of the increases of the previous day. Beating the negative trend were Barita Investments and Pulse Investments as they continued to move higher.
At the close, the All Jamaican Composite Index declined 1,615.74  points to 419,119.81. The Main Index dropped 1,541.69 points to 382,214.11 and the JSE Financial Index lost 0.67 points to 99.04. The average PE Ratio of Main Market ended at 15.1 based on IC Insider.com’s forecasted 2020-21 earnings.
Trading ended with 42 securities changing hands with the prices of 12 stocks rising, 24 declining and 6 remained unchanged. The market closed with an exchange of 19,356,583 shares accounting for $59,986,491 compared to 68,236,614 units at $488,624,865 on Tuesday.
TransJamaican Highway led trading with 5.95 million shares for 30.8 percent of total volume, followed by Wigton Windfarm with 4.94 million units for 25.5 percent of the day’s trades and Pulse Investments with 4.26 million units for 22 percent market share. Carreras was the only other stock trading over a million shares, ending with 1.53 million units changing hands.
The average trade for Wednesday ended at 460,871 units at $1,428,250 in contrast to an average of 1,586,898 valued at $11,363,369 on Tuesday. June closed with an average of 818,748 units at $7,498,308 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows 12 stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments gained $1 to settle at $62, after swapping 4,526 units, Berger Paints dropped $1 to close at $13, in trading 847 shares, Caribbean Cement lost 50 cents to end at $49 exchanging 2,301 stock units. Eppley Caribbean Property Fund ended 93 cents higher at $42.93, with investors transferring 2,100 units, First Rock Capital shed 50 cents to finish at $14, with an exchange of 500 shares, Jamaica Broilers fell $1.01 to settle at $27.99, with 7,572 units changing hands. Jamaica Producers lost 75 cents to end at $24.15 exchanging 7,026 stock units, JMMB Group closed $1.30 lower at $31, after investors swapped 72,183 shares, Kingston Properties ended at $7, with a loss of 50 cents trading 400 units. Mayberry Jamaican Equities dropped 50 cents to close at $9.50, in the transfer of 500 units, MPC Caribbean Clean Energy declined by $9 to $160, after exchanging 400 units, NCB Financial gained 70 cents to settle at $136.70 in trading 37,711 stock units. PanJam Investment jumped $5 to $75, with an exchange of 1,372 units, Portland JSX slid 55 cents to $7.35, after exchanging 200 units, Proven Investments shed 50 cents to close at $35 trading 833 units. Pulse Investments gained 75 cents trading 4,255,782 shares to finish at $4.17, Sagicor Group declined by $4.75 to $46.25, after 726 units crossed the exchange, Salada Foods closed $1.45 lower to end at $28.45, with an exchange of 3,942 units. Scotia Group fell by $1.30 to $44.10, with 79,077 shares changing hands, Sygnus Credit Investments lost 49 cents to settle at $16.50 trading 6,400 stock units and Wisynco Group traded 28,698 stock units and fell 99 cents to $18.51.

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

Most TTSE stocks stand firm

The Trinidad Stock market gave back some of the gains enjoyed on the last trading day of June as trading levels picked up on the first day of the new month with eighteen securities trading up from 16 stocks on Tuesday. The market closed with the vast majority of stocks trading closing with unchanged prices.

Trinidad & Tobago Stock Exchange Head Quarters

The market closed with one advancing, three declining and the prices of fourteen ending unchanged.  The volume of stocks passing through the market amounted to 125,817 shares valued at $1,972,975 compared to 93,541 shares for $1,048,926 on Tuesday from the trading of 16 securities.
The T&T Composite Index slipped 1.89 points to 1,308.70. The All T&T Index fell by 4.43 points to 1,765.30, while the Cross Listed Index added 0.09 points to close at 115.15.
IC bid-offer Indicator The Investor’s Choice bid-offer indicator ended with the bids of two stocks higher than its last selling price and two with lower offers.
Gainers NCB Financial added 1 cent trading 24,989 stock units and closed at $7.86.
Losers Clico Investments lost 1 cent trading 267 units to end at $24.99, Republic Financial Holdings closed 5 cents lower at $139.45, with an exchange of 5 units and Trinidad and Tobago NGL finished at $17.20, with a loss of 30 cents the swapping of 600 units.
Firm TradersAgostini’s traded 2,000 units at $25, Angostura Holdings closed at $14.90 after an exchange of 30 units, Ansa McAL closed at $50.01, with investors transferring 1,165 units. First Citizens Bank remained at $45.71, with 650 units crossing the market, First Caribbean International Bank had investors swapping 1,250 units at $7.20, Guardian Holdings closed at $19.20, in trading 387 units. JMMB Group was unchanged at $1.95 with 26,106 stock units changing hands, Massy Holdings ended at $57, after the trading of 4,795 units. National Enterprises traded 5,000 units at $4.65, One Caribbean Media closed at $5.50, with investors having exchanged 24,806 stock units, investors exchanged 88 units of Point Lisas at $3.35. Trinidad Cement ended at $2.10, with 582 units changing hands, Unilever Caribbean closed at $16.98 after 585 units crossed the exchange and West Indian Tobacco closed with a transfer of 32,512 stock units at $34.79.

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

Trading plunges on the JSE US market

Trading plunged ended on the JSE US market with six securities changing hands with a mere 12,538 shares for $782, crossing the market with an exchange compared to 7,399,364 units at $123,152 from six stocks on Tuesday.
At the close, the prices of 3 stocks rising, two declining and one closing with the price unchanged and leading to a 0.96 points increase in the market index to end at 182.73. The average PE Ratio of the JSE US Dollar Market ended at 15.2 based on IC Insider.com forecasted 2020-21 earnings.
An average of 2,090 units for $130 for each security traded on Wednesday in contrast to an average of 1,233,227 shares at $20,525 for each stock exchanged on Tuesday. June closed with an average of 281,680 units at $46,787 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows two stocks with bids higher than their last selling prices and one with a lower offer.
At the close of the market, First Rock Capital traded 1,299 units at 10 US cents, Margaritaville lost 1.9 cents in the transfer of 250 units and closed at 16 US cents, Proven Investments gained 0.99 of a cent to close at 23 US cents after an exchange of 2,117 shares.  Just one unit of Sygnus Credit Investments changed hands at 13.01 US cents and Transjamaican Highway closed at one US cent, with 8,836 stock units changing hands after losing one-tenth of a cent.
In the preference segment, JMMB Group 6% gained 7 cents, closing at US$1.06 with an exchange of a mere 35 units.

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

Junior Market starts July up

The Junior Market of the Jamaica Stock Exchange started July on a positive note as trading ended with 29 securities changing hands with the prices of 7 stocks rising, nine declining and the prices of 13 remaining unchanged.
The average PE Ratio of the Junior Market ended at 10.1 based on IC Insider.com’s forecasted 2020-21 earnings. The market closed with an exchange of 3,953,494 shares, accounting for $9,882,736 compared to 4,554,181 units at 12,472,239 from 33 securities on Tuesday.
Jetcon Corporation led trading with 1.34 million units for 34 percent of total volume followed by Caribbean Cream with 867,135 units for 22 percent of trading and Derrimon Trading with 420,673 units and 11 percent market share.
The average trade ended at 136,327 units for $340,784 in contrast to an average of 138,005 valued at 377,947 on Tuesday. June ended with an average of 245,049 shares at $689,955.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Junior Market shows five stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of the market, Blue Power advanced 2 cents to settle at $3.88 in trading 1,168 units, Caribbean Cream declined by 25 cents to settle at $2.45 with an exchange of 867,135 stock units, Derrimon Trading jumped 10 cents to end at $2.52 in trading 420,673 stock units. Dolphin Cove declined by 28 cents to close at $8 in trading 1,082 units, Elite Diagnostic gained 2 cents to end at $3.93 with 7,848 shares changing hands, Everything Fresh shed 6 cents to end at 74 cents with an exchange of 13,001 stock units. Express Catering dropped 5 cents to close at $4.30 in trading 13,725 units, Fosrich dived 51 cents to settle at $3.51 with an exchange of 6,034 stock units, General Accident added 5 cents to close at $6.20 with 280,144 stock units crossing the market. Honey Bun dropped by 32 cents to settle at $5.40 after exchanging 28,621 units, Indies Pharma lost 15 cents to end at $2.48 after trading 886 units, Jamaican Teas gained 21 cents to close at $4.99 with an exchange of 374,322 stock units. Lasco Manufacturing gained 46 cents to end at $3.96 trading 114,039 stock units, Limners and Bards climbed 21 cents to settle at $2.77 in with 84,525 stock units changing hands, Lumber Depot shed 1 cent to end at $1.12 in trading 5,122 stock units and Mailpac Group declined by 1 cent to $1.98 with 108,228 shares changing hands.

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

 

Junior Market jumps to end June

The Junior Market of the Jamaica Stock Exchange ended June on a positive note with the market index rising 24.30 to close at 2.592.24 and ended the halfway mark of the year, down 22.6 percent and closing out the month 41 points lower than the close of May.
Trading ended with 33 securities changing hands, down from 37 on Monday, with prices of 15 stocks rising, 10 declining and eight stocks closing unchanged. The average PE Ratio of the Junior Market ended at 10.1 based on IC Insider.com’s forecasted 2020-21 earnings.
The market closed with an exchange of 4,554,181 shares accounting for 12,472,239 compared to 13,689,006 units at 25,143,842 on Monday.
Jetcon Corporation led trading with 1.23 million units for 27 percent of total trades, followed by Mailpac Group with 786,681 shares or 17 percent and Lasco Distributors with 675,284 stock units at 15 percent market share.
The average trade for the ended at 138,005 units at 377,947 in contrast to an average of 414,818 valued at 761,935 on Monday. The average volume and value for the month to date amounts to 245,049 units valued at 689,955 in contrast to 258,414 units valued at $659,203. Trading for May ended with an average of 150,274 units for $491,077 for each security.
 IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Junior Market shows four stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Access Financial jumped $5.49 to $27 with 56,075 shares trading, AMG Packaging gained 3 cents to close at $1.68 after exchanging 7,720 shares, Blue Power advanced 16 cents to settle at $3.86 in trading 2,918 units. Cargo Handlers dropped 60 cents to $6.40 with 1,400 shares changing hands, Caribbean Assurance Brokers rose 5 cents and transferred 6,549 stock units to finish at $2.20, Caribbean Flavours jumped $2.22 to end at $13.72 with an exchange of 22,218 shares. Caribbean Producers slipped 3 cents to $2.37 with 152,585 units changing hands, Consolidated Bakeries closed 9 cents higher at $1.60, trading 30,100 units, Derrimon Trading climbed 24 cents and exchanged 35,826 shares to finish at $2.42. Dolphin Cove dropped 2 cents to $8.28 with 1,460 stock units passing through the market, Fontana decreased 6 cents to settle at $5.39 with 46,002 units changing hands, Fosrich climbed 56 cents to end at $4.02 in the transfer of 117,363 shares. Honey Bun gained 8 cents and traded 43,409 stock units to settle at $5.72, Indies Pharma carved out a 15 cents gain to end at $2.63 with an exchange of 508,368 units, Jamaican Teas dropped 11 cents to close at $4.78 with investors transferring 3,642 stock units. Jetcon Corporation exchanged 1,236,791 units and fell 2 cents to settle at $1.08, Knutsford Express rose 20 cents to end at $8.90 with 11,637 stock units changing hands, Lasco Distributors shed 6 cents in the exchange of 675,284 shares to finish at $3. Lasco Manufacturing declined 45 cents to end at $3.50in the transfer of 87,821 stock units, Limners and Bards lost 24 cents to close at $2.56 trading 139,400 units, Lumber Depot advanced 13 cents and traded 133,144 stock units to settle at $1.13. Mailpac Group closed 1 cent higher at $1.99 exchanging 786,681 units, Main Event jumped 48 cents to settle at $4.48 in trading 977 shares, Medical Disposables shed 70 cents and with 300,200 shares changing hands to finish at $6.30 and Stationery and Office Supplies added 30 cents to end at $6.29 with 200 shares crossing the exchange.

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

JSE Main Market jumps 8,500 points

Main Market of the Jamaica Stock Exchange closed sharply higher on Tuesday following the significant fall on Monday as investors traded six times the number of shares that traded on Monday, leading the JSE All Jamaican Composite Index (AJI) to jump 8,491.49 points to 420,735.55.
The market enjoyed a sharp rise in the prices of Barita Investments, up by $3.70, Jamaica Broilers rising $2.10, Kingston Wharves climbing $4.20, Palace Amusement gaining $10, Sagicor Group added $4.97 and Wisynco Group with a rise of $1.98. NCB Financial lost $2.90, PanJam Investments shed $5 and Scotia Group lost $1.60.
The AJI closed the month just over 100 points lower than at the close in May, the Main Index rose 7,767.06 points to 383,755.80 and the JSE Financial Index rose 2.30 points to settle at 99.71. The average PE Ratio of the Main Market ended at 15.6 based on IC Insider.com forecasted 2020-21 earnings.
Trading ended with 43 securities changing hands with the prices of 23 stocks rising, 11 declining and three closing unchanged. The market closed with an exchange of 68,236,614 shares accounting for $488,624,865 compared to 11,612,843 units at $70,094,309 on Monday.
At the close, Mayberry Jamaican Equities surge to the top of the market, with 50 million shares trading for 73 percent of total volume followed by Pulse Investments with 10.3 million units for 15 percent of the day’s trade and Transjamaican Highway with 2.6 million units for 3.8 percent market share.  Other securities trading a million units or more are Carreras with 1.1 million units and Wigton Windfarm with 1 million shares.
The average trade for Tuesday ended at 1,586,898 units at $11,363,369 in contrast to an average of 263,928 valued at $1,593,052 on Monday. The average volume and value for the month to date amounts to 818,748 units valued at $7,498,308 in contrast to 782,169, units at $7,295,380. May closed with an average of 475,543 shares at $3,077,280 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows 12 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments gained $3.70 to end at $61 in trading 33,061 shares, Eppley rose 60 cents in ending at $16.50, with investor swapping 15,000 stock units, Eppley Caribbean Property Fund dropped $1 ending at $42 trading 17,030 units. Jamaica Broilers Group advanced by $2.10 to $29, with 45,706 shares changing hands, JMMB Group added 30 cents to settle at $32.30, with 20,404 stock unit crossing the market, Kingston Properties climbed 50 cents closing at $7.50 trading 786 units. Kingston Wharves gained $4.20 in closing at $57.20 in an exchange of 7,286 shares, Mayberry Investments gained 35 cents to settle at $6, after investors transferred 10,171 stock units, Mayberry Jamaican Equities picked up 40 cents, in ending at $10 with an exchange of 50,040,562 shares. NCB Financial Group declined by $2.90 to close at $136, with 42,866 shares changing hands, Palace Amusement advanced by $10, to $1,850 with an exchange of just two units, PanJam Investment declined by $5 to settle at $70 having 11,901 units crossing the exchange. Proven Investments rose $1 to end at $35.50 with a transfer of 8,998 stock units, Sagicor Group climbed $4.97 to close at $51, after exchanging 111,028 shares. Scotia Group shed $1.60 to close at $45.40 trading 43,845 shares and Wisynco Group jumped $1.98 to close at $19.50 with 475,698 units passing through the market.
Productive Business Solutions 9.75% Preference shares increased $6.99 to close at $107, having swapped just one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.