IC Insider.com — Page 653

Junior Market trading jumps – Wednesday

March 20, 2019 by IC Insider.com

Trading climbed sharply on the Junior Market of the Jamaica Stock Exchange on Wednesday, ending in an exchange of 9,482,082 units valued at $38,586,264 compared to only 690,239 units valued at a mere $2,210,720, on Tuesday.
At the close of trading, 28 securities changed hands, compared with 22 on Tuesday. The market index lost 4.35 points to close at 3,075.32 as the prices of 15 securities rose, 9 declined and 4 remained unchanged.
Trading ended with an average of 338,646 units for an average of $1,378,081 in contrast to 31,375 units for an average of $100,487 on Tuesday. The average volume and value for the month to date amounts to 194,902 shares valued at $813,620 compared to 182,206 shares valued at $763,762 on the previous day. In contrast, February closed with average of 235,225 units valued at $679,790 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 5 with lower offers.
At the close of the market, AMG Packaging ended 2 cents higher at $2.10, with 542,000 stock units changing hands, Blue Power concluded trading of 49,000 units and rose 20 cents to close at $4.85, Cargo Handlers settled with a loss of 2 cents at $12.50, with an exchange of 300 shares. Caribbean Cream ended trading 1,350,100 shares and lost 43 cents to end at $5.52, Caribbean Flavours traded 2 cents higher at $17.22, with 100,000 stock units changing hands, Caribbean Producers swapped 2,477,187 units and fell 15 cents to close at $4.30, Consolidated Bakeries closed with a loss of 20 cents at $1.80, with an exchange of 2,500 shares. Derrimon Trading ended 1 cent higher at $2.81, with 3,520 shares trading, Dolphin Cove concluded trading of 110,100 units $13.99 after jumping by 49 cents, Everything Fresh concluded trading of 2,500 shares and rose 39 cents to $1.79. Express Catering settled at $7.80, with 200 units changing hands, FosRich Group ended trading 89,585 shares at 30 cents higher to $4.30, Fontana traded 8 cents higher at $4, with an exchange of 368,987 shares, Honey Bun ended with a loss of 10 cents at $3.70, with the trading of 30,000 units. iCreate closed market activity at $1.02, with an exchange of 95,836 shares, Indies Pharma concluded trading of 697,280 shares, 2 cents higher at $3.04, Iron Rock finished with a loss of 10 cents at $3, with 13,404 shares changing hands, Jamaican Teas ended trading 20,000 stock units with a loss of 40 cents to close at $3.60. Jetcon Corporation closed 7 cents higher at $2.87, with an exchange of 2,613,091 units. Knutsford Express ended at $12.50, in exchanging 14,412 shares, Lasco Distributors concluded trading of 22,243 stock units at $3.75, Lasco Financial finished 2 cents higher at $4.47, with 76,883 units trading, Lasco Manufacturing settled with a loss of 5 cents at $3.15, with 450,370 shares changing hands. Main Event ended trading with 5,940 shares and rose 1 cent to $5.31, Medical Disposables traded with a loss of 1.20 cents at $6.60, with 47,571 shares, Paramount Trading finished trading 106,618 stock units after rising 30 cents to close at $2.40, Stationery and Office ended 3 cents higher at $7.50, trading 148,545 shares and tTech finished 2 cents higher at $5.52, with 108,946 shares changing hands.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Best performing stock market, Blue Power, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity, tTech

Winners outclass losers on TTSE – Wednesday

March 20, 2019 by IC Insider.com

Market activity on Wednesday ended with 12 securities trading on the Trinidad & Tobago Stock Exchange similar to the number trading on Tuesday, with 6 advancing, 4 declining and 2 remaining unchanged.
At close of the market, the Composite Index fell 0.29 points on Wednesday to 1,330.19. The All T&T Index shed 2.29 points to 1,763.13, while the Cross Listed Index rose 0.24 points to close at 121.09.
Trading resulted in 198,306 shares at a value of $8,014,634 changing hands, compared to 185,602 shares at a value of $2,280,449, on Tuesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 5 stocks with bids higher than their last selling prices and 4 with lower offers.
At the close of the market, stocks ending trading with gains| Clico Investments finished 40 cents higher and completed trading of 36,243 stock units at $21.50, First Caribbean International Bank rose 1 cent to settle at $8.36, with an exchange of 7,826 units, Guardian Holdings added 25 cents and settled at $18.50, with 100 units changing hands. JMMB Group gained 2 cents to end at $1.78, after exchanging 30,000 shares, Sagicor Financial rose 25 cents and ended at $8.90, in exchanging 10,311 shares and Scotiabank closed with a gain of 6 cents and completed trading of 60,309 stock units at $63.58.
Stocks closing losses| First Citizens closed with a loss of 1 cent at $35.51, after exchanging 23,000 shares, Republic Financial Holdings lost $1.24 to end at $118.76, in trading just 35 shares. Trinidad & Tobago NGL shed 1 cent and settled at $30.05, with 8,341 units trading and West Indian Tobacco lost 3 cents and completed trading at $96, with 22,000 stock units changing hands.
Stocks closing firm| Massy Holdings ended at $53, after exchanging 100 shares and Prestige Holdings settled at $7.55, with 41 units trading.

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

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

Mixed trading on JSE main market – Tuesday

March 19, 2019 by IC Insider.com

The volume of stocks traded on the main and US dollar markets of the Jamaica Stock Exchange on Tuesday rose over Monday’s level, with just a minimal decline in value as less securities were active.
Main market activity ended with trading of 9,968,983 units valued $177,550,346 compared to 8,288,904 units valued $178,058,869, on Monday. At the close of market, the main and US markets traded 33 securities, compared to 37 trading on Monday. There was a total of 10 stocks advancing, 17 declining and 6 closing without price changes.
Trading resulted in, JSE All Jamaican Composite Index increasing just 17.65 points to 423,202.89 and the JSE Index advanced by a mere 16.04 points to 385,569.16.
Sagicor Real Estate Fund led trading with 2.11 million shares for 21 percent of the day’s volume, followed by JMMB Group 7.25% preference share ending with 1,384,227 units, for 14 percent of the total main market volume changing hands and Ciboney Group ended with 1,073,453 units, for 11 percent of the day’s volume.
Market activity ended with an average of 343,758 units valued at an average of $6,122,426 for each security traded. In contrast to 251,179 units for an average of $5,395,723 on Monday. The average volume and value for the month to date, amounts to 3389,292 shares at $5,984,735 for each security traded, in contrast to 392,678 shares at $5,973,550 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, 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, Barita Investments dropped 25 cents to close at $44.50, with an exchange of 12,225 shares, Berger Paints lost 68 cents to end at $19.32, with the trading of 200 stock units, Caribbean Cement shed 60 cents to finish at $51.50, with 6,724 shares changing hands. Jamaica Producers rose 75 cents to close at $23.75, with 557,169 shares changing hands. Mayberry Investments rose $1.11 and ended trading 575,345 shares at $10.10, NCB Financial Group dropped $1.80 trading 375,654 shares to close at $143. PanJam Investment lost $1.30 to $80.20, trading 50,869 units, Pulse Investments shed 50 cents and closed at $2.50, with an exchange of 497,091 stock units, Sagicor Group gained 50 cents in trading 27,458 shares, to close at $40. Scotia Group gained 75 cents in trading 1,049,510 stock units to close at $51 and Supreme Ventures concluded trading with a gain of 50 cents to end at $24.90, with 409,756 stock units changing hands.
Trading in the US dollar market resulted in 200,128 units valued at $67,748 changing hands. JMMB Group 5.75% preference share gained 4 cents and ended at $2.04, trading 10,000 shares, JMMB Group 6% lost 2 cents and closed at $1.02 with 10,000 shares changing hands, Proven Investments lost 2 cents trading 155,744 units at 22 US cents and Sygnus Credit Investments Jamaican dollar ordinary share traded 24,384 to close at 9 US cents after falling by a cent. The JSE USD Equities Index lost 6.29 points to close at 176.75.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Junior Market trading dives – Tuesday

March 19, 2019 by IC Insider.com

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Trading dived sharply on the Junior Market of the Jamaica Stock Exchange on Tuesday, ending in an exchange of only 690,239 units valued at a mere $2,210,720 compared to 3,646,013 shares valued at $12,828,763, on Monday.
At the close of trading, 22 securities changed hands, compared with 26 on Monday. The market index rose 5.37 points to close at 3,079.67 as the prices of 10 securities rose, 9 declined and 3 remained unchanged.
Trading ended with an average of 31,375 units for an average of $100,487 in contrast to 140,231 units for an average of $493,414 on Monday. The average volume and value for the month to date amounts to 182,206 shares valued at $763,762 compared to 193,454 shares valued at $813,227 on the previous day. In contrast, February closed with average of 235,225 units valued at $679,790 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 5 with lower offers.
At the close of the market, AMG Packaging ended 1 cent higher at $2.08, with 3,876 stock units changing hands, Blue Power concluded trading of 17,000 units, for 10 cents higher at $4.65, Cargo Handlers settled with a loss of 2 cents at $12.52, with an exchange of 1,000 shares. Caribbean Flavours traded 12,903 stock units rose by 25 cents to $17.20, Derrimon Trading gained 5 cents to close at $2.80, with 18,750 shares changing hands. Dolphin Cove concluded trading of 1,604 shares and rose $1.79 higher to close at $13.50, Everything Fresh finished with a loss of 11 cents at $1.40, with an exchange of 120,000 stock units, Elite Diagnostic settled at $3.20, in trading 5,000 units, Express Catering ended trading 320 shares with a loss of 20 cents at $7.80. FosRich Group traded 25,937 shares 19 cents higher at $4, Fontana finished trading 128,716 shares, with a loss of 8 cents at $3.92, Honey Bun concluded trading 9,918 shares with a loss of 2 cents at $3.80. iCreate rose 1 cent and closed at $1.02, with an exchange of 95,836 shares, Indies Pharma finished with a loss of 1 cent at $3.02, with the trading of 86,733 shares, Jamaican Teas traded 50 cents higher at $4, with 2,000 units passing through the market, Knutsford Express concluded trading of 1,100 stock units at $12.50. Lasco Distributors finished with a loss of 5 cents at $3.75, with the trading of 110,949 units, Lasco Financial settled with a loss of 5 cents at $4.45, with 1,388 shares changing hands, Lasco Manufacturing ended trading 7 cents higher at $3.20, in trading 39,427 shares. Main Event traded of 5,582 shares, with a loss of 50 cents at $5.30, Medical Disposables finished trading $1.20 higher at $7.80, with 2,000 stock units and Stationery and Office concluded trading of 200 shares at $7.47.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Best performing stock market, Blue Power, Cargo Handlers, Caribbean Flavours, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Stationery and Office, Trading Activity

Winners batter losers on TTSE – Tuesday

March 19, 2019 by IC Insider.com

Market activity on Tuesday ended with 12 securities trading on the Trinidad & Tobago Stock Exchange against 13 ended on Monday, with 6 advancing, 1 declining and 5 remaining unchanged.
At close of the market, the Composite Index remained unchanged at 1,330.48 points. The All T&T Index rose 2.19 points to 1,765.42, while the Cross Listed Index fell 0.31 points to close at 120.85.
Trading resulted in 185,602 shares at a value of $2,280,449 changing hands, compared to 306,902 shares valued $6,299,870, on Monday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 5 stocks with bids higher than their last selling prices and 3 with lower offers.
At the close of the market, stocks ending trading with gains|Clico Investments finished 30 cents higher to close at a 52 weeks’ high of $21.10, with 30,442 stock units changing hands, First Citizens concluded trading of 32,094 shares with a gain of 1 cent to close at $35.52. Massy Holdings gained $1 and ended at a 52 weeks’ high of $53, after exchanging 1,140 shares, One Caribbean Media added 40 cents and ended at $10.40, trading 675 shares, Scotiabank increased 1 cent and completed trading at $63.52, with 77 stock units changing hands and Trinidad & Tobago NGL rose 6 cents and settled at $30.06, with 6,944 units trading.
Stocks closing losses|Sagicor Financial concluded trading with a loss of 35 cents at $8.65, after exchanging 1,000 shares.
Stocks closing firm|Calypso Macro Index Fund traded 200 shares to close at $14, CinemaOne traded 100 stock units at $9.95, JMMB Group ended at $1.76, after exchanging 107,000 shares, National Flour settled at $1.65, with 4,930 units trading and Prestige Holdings settled at $7.55, with 1,000 units changing hands.

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

Filed Under: Stock Market, TTSE Market Tagged With: Calypso Macro Index Fund, Cinemaone, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Citizens, Grace Kennedy, JMMB Group, Massy Holdings, National Flour, One Caribbean Media, Prestige Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE

Trading down for JSE main market – Monday

March 19, 2019 by IC Insider.com

Main market volume contracts.

More stocks traded on the main and US dollar markets of the Jamaica Stock Exchange on Monday but with much lower volume of trading than on Friday, while the value traded slipped moderately.
Main market activity ended with 8,288,904 units valued $178,058,869 trading, compared to 12,313,288 units valued $192,392,395 changing hands, on Friday.
At the close of market, the main and US markets traded 37 securities, compared to 34 trading on Friday. There was a total of 14 stocks advancing, 12 declined and 11 closed without price changes.
The reduced trading resulted in, JSE All Jamaican Composite Index falling by 809.64 points to 423,185.24 and the JSE Index declining by 735.72 points to 385,553.12.
Stanley Motta led trading with 5 million shares for 60 percent of the day’s volume, followed by Scotia Group ending with 948,696 units, for 11.5 percent of the total main market volume changing hands and Wisynco Group ended with 910,793 units, for 11 percent of the day’s volume.

Market activity ended with an average of 251,179 units valued at $5,395,723 for each security traded, in contrast to 373,130 shares valued at $5,830,073 on Friday. The average volume and value for the month to date, amounts to 392,678 shares at $5,973,550 for each security traded, in contrast to 405,757 shares at $6,032,403 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 10 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Barita Investments dropped $2.25 to close at $44.75, with an exchange of 208,400 shares, Caribbean Cement gained 60 cents to finish at $52.10, with just 405 shares changing hands, Jamaica Broilers rose 63 cents in trading 51,527 units to close at $32.51. Jamaica Producers rose 45 cents to close at $23, with 4,800 shares changing hands, Kingston Wharves lost $3 to settle at $72, trading 7,094 units, Mayberry Investments rose 39 cents and ended trading 83,841 shares at $8.99, Mayberry Jamaican Equities fell 80 cents to settle at $9.20, with an exchange of 36,764 units. NCB Financial Group gained 30 cents trading 494,218 shares to close at $144.80. PanJam Investment rose $1.50 to $81.50, trading 1,190 units, Pulse Investments added 50 cents

and closed at $3, with an exchange of 52,200 stock units, Sagicor Group gained 50 cents in trading 19,591 shares, to close at $39.50. Salada Foods gained $1 trading 1,100 units to close at $30, Scotia Group fell 76 cents in trading 948,696 stock units to close at $50.25 and Seprod lost $1 to close at $43, with 27,853 shares changing hands.
Trading in the US dollar market resulted in 24,598 units valued at $14,997 changing hands. JMMB Group 5.75% closed at $2 with 5,000 shares changing hands, Productive Business Solution US ordinary share traded 1,000 units to close with a rise of 1 cent at 58.99 cents, Proven Investments traded 18,198 units at 24 US cents and Sygnus Credit Investments Jamaican dollar ordinary share traded 400 to close at 10 US cents. The JSE USD Equities Index rose 4.17 points to close at 183.04.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Junior Market trading picks up – Monday

March 18, 2019 by IC Insider.com

Trading picked up on the Junior Market of the Jamaica Stock Exchange on Monday, ending in an exchange of 3,646,013 shares valued at $12,828,763, compared to 2,437,146 units valued at $10,799,411 on Friday,
At the close of trading, 26 securities changed hands, compared with 22 on Friday. The market index rose 11.60 points to close at 3,074.30 as the prices of 8 securities rose, 9 declined and 9 remained unchanged.
Trading ended with an average of 140,231 units for an average of $493,414 in contrast to 110,779 units for an average of $490,882 on Friday. The average volume and value for the month to date amounts to 193,454 shares valued at $813,227 compared to 198,598 shares valued at $844,138 on the previous day. In contrast, February closed with average of 235,225 units valued at $679,790 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, Access Financial closed at $48, trading 100 shares, Cargo Handlers settled at $12.54, with an exchange of 500 shares, Caribbean Cream ended trading of 301,303 shares after rising 68 cents to close at $5.95. Caribbean Producers lost 15 cents and finished trading 3,400 units at $4.45, Derrimon Trading gained 32 cents to close at $2.75, with 11,000 shares changing hands. Elite Diagnostic settled at $3.20, with an exchange of 47,491 units, Everything fresh finished with a loss of 9 cents at $1.51, with 55,051 stock units trading, Express Catering ended trading of 137,884s hares with a rise of 10 cents at $8, FosRich Group traded 113,135 shares with a loss of 19 cents to end at $3.81. Fontana finished trading 142,292 shares after rising 6 cents higher to $4, GWest Corporation ended with a loss of 5 cents at $1.75, with an exchange of 94,695 units, Honey Bun concluded trading with 65,000 shares and rose 2 cents to end $3.82. iCreate closed at $1.01, with an exchange of 205,264 shares, Indies Pharma finished with a loss of 5 cents at $3.03, trading 1,720,134 shares, Iron Rock settled 10 cents higher at $3.10, in swapping 17,364 shares, ISP Finance ended trading of 1,000 stock units at $15.50. Jetcon Corporation traded 1,950 shares with a loss of 30 cents to close at $2.80, Knutsford Express concluded trading 15,643 stock units at $12.50, Lasco Distributors finished with a loss of 9 cents at $3.80, with an exchange of 14,485 units, Lasco Financial settled 5 cents higher at $4.50, with 3,139 shares changing hands. Lasco Manufacturing ended trading with 590,096 shares with a loss of 7 cents at $3.13, Medical Disposables finished trading with 50,000 stock units, at $6.60, Stationery and Office closed trading with 4,238 shares at $7.47 and tTech settled at $5.50, with 23,949 stock units changing hands. In the junior market preference segment, CAC 2000 9.5% closed 15 cents higher at $1.15, in trading 6,400 shares.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, GWest, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Stationery and Office, Trading Activity, tTech

Winners beat losers on TTSE – Monday

March 18, 2019 by IC Insider.com

Market activity on the Trinidad & Tobago Stock Exchange ended on Monday with trading in 13 securities against 12 on Friday, with 3 advancing, 1 declining and 9 remaining unchanged.
At close of the market, the Composite Index lost 0.04 points on Monday to 1,330.48. The All T&T Index declined 0.69 points to 1,763.23, while the Cross Listed Index rose 0.09 points to close at 121.16.
Trading ended with 306,902 shares at a value of $6,299,870 changing hands, compared to 155,257 shares at a value of $2,877,840, on Friday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 7 stocks with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, stocks ending trading with gains| Ansa Mcal rose 2 cents and completed trading of 18,191 units, at $55.02, Sagicor Financial added 35 cents and concluded trading at $9, after exchanging 60 shares and West Indian Tobacco increased 1 cent to $96.03, with 5,207 stock units changing hands.
Stocks closing losses| Scotiabank fell 8 cents and ended at $63.51, with 26,912 stock units changing hands.
Stocks closing firm| Angostura Holdings ended at $15.80, with 62,895 stock units changing hands, First Citizens settled at $35.51, after exchanging 2,575 shares, Guardian Holdings completed trading of 5,893 units at $18.25. JMMB Group exchanged 6,380 shares at $1.76, National Flour completed trading of 9,637 units at $1.65, Point Lisas ended at $3.45, with 10,000 stock units changing hands. Republic Financial Holdings settled at $120, after exchanging 1,344 shares, Trinidad & Tobago NGL completed trading 46,279 units at $30 and Trinidad Cement settled at $2.55, after exchanging 111,529 shares.

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

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, Ansa Mcal, Daily Trading, Emerging markets, Emerging Stock, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, National Flour, Point Lisas, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE

3 changes to IC TOP 10

March 18, 2019 by IC Insider.com

There are no changes to the TOP 10 main market stock list this week but the Junior Market TOP 10 list has new additions.
IC insider.com revised Paramount Trading earnings to 12 cents per share for the upcoming fiscal year starting June with the stock falling out of the list. General Accident closed the week at $4.50 and slipped off the list while Main Event enjoyed some price recovery, closing the week at $5.80 also moved out. AMG Packaging with the price slipping to $2, Jamaican Teas price moved down to what appears a bargain of $3.50 and tTech down to $5.50 reentered the TOP 10.
The three leading Junior Market stocks are Iron Rock with potential gains of 300 percent, Caribbean Producers 248 percent and Lasco Financial with potential gains of 215 percent.
The three leading main market stocks are, Victoria Mutual investments with 173 percent likely gain, is on top, followed by Carib Cement with potential to gain 172 percent for the year and Sterling Investments with 150 percent.
The main market closed the week with the overall PE at 13.6 and the Junior Market at 10.5. The PE ratio for Junior Market Top 10 stocks average 6.5 and the main market PE is now 8.3. These levels point to the huge upside for the TOP 10 stocks over the next 12 months.
The TOP 10 stocks now trade at an average discount of 38 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 39 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used to determine the stocks selected. The PE for each stock and the projected gains are computed to show potential gains for the year. The projected gains are ranked to arrive at the selections, with the potential gains ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
This report is compiled by persons who may have interest in the securities commented on.

Filed Under: Buy Rated Tagged With: Berger Paints, Caribbean Producers, Daily Trading, Emerging markets, General Accident, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, JMMB Group, junior market, Lasco Financial, Lasco Manufacturing, Main Event, Paramount Trading, Sterling Investments, Stocks to Watch, TOP 10 stocks, Trading Activity, Victoria Investments, Wisynco Group

No explosion for Jamaican stocks

March 18, 2019 by IC Insider.com

Wisynco still one to watch.

Most company results are now in for 2018, a few are now due for periods ending in January and February. Not much is expected from results due shortly, that will make a major impact on the overall market.
A number of stocks that attracted increased buying interest in recent days that are worth watching this week. Wisynco Group traded during last week at $12 but slipped to $11.50 on Friday as nearly 6.4 million units crossed the exchange, but supply continues to be low.
Fontana continues to trade in healthy volumes at $4 but supply is getting limited. Seprod continues to come in for demand with the price rising in the week to close at $44. PanJam Investment continues to flirt with record highs, but is held in check by the late reporting of financials. Radio Jamaica is fluctuating in price but with increase local economic activity investors should be looking ahead for this one. General Accident has been trading around the $4.50 level for weeks with increased interest shown in the stock since it posted increased profit for 2018. Selling seems to be coming mainly from one source.
Scotia Group reported results for the first quarter but with lower profit in the quarter compared to 2018, but they reported healthy growth in loans an important indicator for improved profit going forward. This is one to watch for longer term. Caribbean Cement continues to fluctuate having posted strong 2018 results. With prospects for 2019 looking great, investors will never know when the break out will occur, the same applies partially to NCB Financial that currently have selling overwhelming buying. Honey Bun is displaying signs as if a break out is not far off with sellers mostly in the high $4 level and buyers under $4.