Feature Stories — Page 177

FESCO IPO price doubles

July 14, 2021 by IC Insider.com

Trading dominance belonged to Future Energy Source on Wednesday after accounting for 84.5 percent of the total market volume after an exchange of 12.64 million shares, with the price closing at a record closing high of $1.65 after 15 cents to be up 106 percent since listing in April this year, but after hitting an intraday record of $1.87 on the Junior Market.
Trading closed with the index falling 19.75 points to 3,376.58 as investors exchanged 352 percent more shares than on Tuesday at 161 percent greater value after 35 securities traded, compared to 37 on Tuesday and ending with 12 rising, 16 declining and seven closing unchanged.
At the close, the PE Ratio, one measure used to compute an appropriate value, for a stock averages 13.3 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 14,960,503 shares changing hands for $26,802,592, up from 3,308,374 units at $10,279,533 on Tuesday. Lumber Depot accounted for 4.5 percent of the day’s traded volume, with 679,182 units and Jamaican Teas chipped in with 2.2 percent market share with an exchange of 331,837 units.
Trading averaged 427,443 units at $765,788 in contrast to 89,416 at $277,825 on Tuesday. Month to date trades averaged 175,027 units at $475,907, compared to 147,927 units at $444,785 on Tuesday. June closed with an average of 225,705 units at $644,459.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial spiked $2.23 to $22.87 with 890 shares changing hands, AMG Packaging slipped 5 cents to $1.52, trading 46,000 stock units, Blue Power rose 7 cents to $3.60 in switching ownership of 50,766 units. Caribbean Assurance Brokers gained 20 cents to close at $1.98 with an exchange of 750 stocks, Caribbean Cream advanced 20 cents to $5.70 with a transfer of 434 shares, Everything Fresh fell 6 cents to $1 with 61,313 stock units changing hands. Express Catering rallied 24 cents to $6.24 with 52,479 units traded, Fosrich spiked 65 cents to $8.25 with 2,180 stocks passing through the market. GWest Corporation dropped 13 cents to $1.05 with a transfer of 150 stock units, Honey Bun rallied 23 cents to $6.76 with 1,800 stocks changing hands, Indies Pharma shed 44 cents to $3.46, with 69,587 units traded. KLE Group fell 20 cents to $1.10 in switching ownership of 28,301 shares, Knutsford Express jumped 55 cents to $7.70 with an exchange of 11,632 stock units, Lasco Distributors dropped 19 cents to $3.90, with a transfer of 7,352 units. Lasco Manufacturing popped 5 cents to $5.40 with 99,156 stocks changing hands, Limners and Bards slipped 5 cents to $3.16, with 26,896 shares traded, Mailpac Group added 5 cents to finish at $3.88 with an exchange of 302,756 stock units. Main Event dipped 60 cents to $4.83 with 2,000 units through the market, Paramount Trading fell 21 cents to $1.16 with a transfer of 74,993 stocks, Stationery and Office Supplies slipped 10 cents to $7.90, with 26,930 stock units changing hands and Tropical Battery dipped 5 cents to $1.38 with 154,925 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: Access Financial, AMG Packaging, Best performing stock market, Blue Power, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity

Stocks in retreat on Tuesday

July 13, 2021 by IC Insider.com

Trading returned to more normal levels following Monday when 95 million shares of NCB Financial crossed the exchange following what the company states flowed from a director and a Senior Officer have surrendered the shares in the group under a new compensation arrangement.
Elsewhere, activity continued on Tuesday with the market declining with an exchange of 94 percent fewer shares valued 99 percent less than on Monday at the close of trading on the Jamaica Stock Exchange Main Market.
The main indices wiped out gains made over the past three trading days at the close, with the All Jamaican Composite Index plunging 8,432.60 points to 459,268.54, the JSE Main Index dived 7,836.94 points to end at 421,263.27 and the JSE Financial Index shed 2.12 points to 103.86.
Trading ended with 49 securities, as was the case on Monday, with 18 stocks rising, 19 declining and 12 remaining unchanged. The market commenced trading in Caribbean Producers shares previously listed on the Junior Market and investors exchanged 275,415 units at the close after a slow start to trading in the stock, well above the 58,282 traded on Monday 34,319 shares exchanged on Friday.
The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.4 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 5,572,104 shares trading for $90,965,287 versus 102,643,964 units at $13,868,036,024 on Monday. Transjamaican Highway led trading with 35.7 percent of total volume for an exchange of 1.99 million shares, Sagicor Select Financial Fund 13.3 percent with 738,402 units and Grace Kennedy 9.2 percent with 513,821 units changing hands.
Trading averaged 113,716 units at $1,856,434, compared to 2,094,775 shares at $283,021,143 on Monday. Trading month to date averaged 362,662 units at $33,596,379, in contrast to 393,158 units at $37,484,522 on Monday. June ended with an average of 249,610 units at $3,877,606.
Investor’s Choice bid-offer indicator reading has 13 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments fell $2.18 to $82.82 in exchanging 766 shares, Berger Paints shed 96 cents to close at $13.89 with an exchange of 28,360 shares, Eppley spiked $4.40 to $43.90 in trading 3,991 stock units. First Rock Capital rallied $2 to $15.50 with the swapping of 5,093 units, GraceKennedy dropped $4.92 to $98.28 in transferring 513,821 shares, Guardian Holdings plunged $35 to $650 in switching ownership of 3,966 units. Jamaica Stock Exchange popped 42 cents to $17.67 with 23,050 shares crossing the market, Kingston Properties lost 39 cents to close at $8.01 with 99,707 shares changing hands, Kingston Wharves gained 50 cents in closing at $48 trading 10,313 stocks. MPC Caribbean Clean Energy shed $12.45 to settle at $134.55, with 84 units clearing the market, Palace Amusement rallied $60 to $1,250 with 7 stocks changing hands, Pan Jam Investment shed $1.49 to $66.01, with 11,233 stock units crossing the exchange. Proven Investments rose 45 cents to $34.60 in switching ownership of 4,506 stocks, Sagicor Group fell $2.94 to $55 in exchanging 23,431 stock units, Seprod fell $1 to $71 in transferring 14,512 stocks, Sygnus Credit Investments rose 20 cents to $14.80 in trading 33,382 shares and Wisynco Group spiked 40 cents to $15.90 with the swapping of 17,180 stocks.
In the preference segment, Eppley 8.25% rose 92 cents to $6.98 in trading 5,007 stock units.

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

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Stocks climbed higher on Tuesday

July 13, 2021 by IC Insider.com

Stocks ended with a bounce on Tuesday, with the market. Index spiked 32.96 points higher to settle at 3,396.33 after hitting a high of 3,405.06 points in early trading and closed, with the volume of stocks traded falling 39 percent and the value down 27 percent compared to Monday on the Junior Market of the Jamaica Stock Exchange.
A total of 37 securities traded up from 36 on Monday and ended with 17 rising, 13 declining and seven closing unchanged.
The PE Ratio, a measure used to compute an appropriate value of a stock, averages 13.1 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 3,308,374 shares changing hands for $10,279,533 compared to 5,457,462 units at $14,101,487 on Monday.
Future Energy Source led trading with 22 percent of total volume after trading 728,575 shares followed by Lumber Depot 14.4 percent, with 475,642 units and Jamaican Teas 10.7 percent after an exchange of 355,026 units.
Trading averaged 89,416 units at $277,825, in contrast to 151,596 at $391,708 on Monday. Month to date trades average 147,927 units at $444,785, compared to 155,418 units at $466,160 on Monday. 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 shed 11 cents to close at $1.57 in exchanging 7,966 shares, Blue Power fell 7 cents to $3.53 after trading 35,000 stock units, Caribbean Assurance Brokers dipped 13 cents to $1.78 with 4,259 units crossing the market. Caribbean Cream shed 20 cents to end at $5.50 in an exchange of 16,175 stock units, Consolidated Bakeries rallied 21 cents to a 52 weeks’ close of $1.89 with a transfer of 900 units, Elite Diagnostic advanced 48 cents to $3.58 with 107,088 shares crossing the exchange. Everything Fresh picked up 6 cents to close at $1.06 with 5,906 stocks changing hands, Express Catering lost 5 cents to finish at $6 in transferring 30,510 stock units, Fontana fell 6 cents to $6 after exchanging 113,332 shares. Fosrich dropped 67 cents to $7.60 with the swapping of 58,741 units, Future Energy Source popped 6 cents to close at a record closing high of $1.50 in switching ownership of 728,575 stocks, Honey Bun shed 24 cents in closing at $6.53 and exchanging 40,633 stock units, Indies Pharma climbed 40 cents to $3.90 in trading 62,826 stocks, Iron Rock Insurance spiked 81 cents to $4.20 in trading 58,957 shares, Jetcon Corporation lost 5 cents in closing at $1.35 with 7,155 units crossing the market, Knutsford Express rallied 7 cents to $7.15 after an exchange of 5,613 stocks, Lasco Distributors rose 21 cents to $4.09 with 6,182 stock units changing hands. Lasco Financial gained 17 cents to end at $3.32 in switching ownership of 6,510 shares, Lasco Manufacturing picked up 9 cents in closing at $5.35 with a transfer of 6,025 stock units, Mailpac Group fell 11 cents to $3.83 with the swapping of 347,242 shares, Medical Disposables dipped 15 cents to $5 with an exchange of 40,174 units. Paramount Trading rallied 21 cents to settle at $1.37 in exchanging 687 stocks and Stationery and Office Supplies popped 25 cents to $8 in trading 29,956 shares.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Best performing stock market, Blue Power, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity

NCB Financial Monday’s dominant trade

July 12, 2021 by IC Insider.com

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NCB Financial traded 95.2 million shares costing $1.38 billion and commanded 93 percent of the overall volume of the market on Monday with driving the volume of shares exchanged up 11 times Friday’s levels with the value surging 4,808 percent higher on the Jamaica Stock Exchange Main Market.

NCB Financial Montego Bay branch

The All Jamaican Composite Index rose 3,234.89 points to close at 467,701.14, the JSE Main Index advanced 2,473.87 points to end at 429,100.21 and the JSE Financial Index rallied 0.56 points to 107.72.
Trading ended with 49 securities compared to 52 on Friday, with 15 stocks rising, 20 declining and 14 remaining unchanged. The PE Ratio, a measure that determines an appropriate value of each stock, averages 16.6 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 102,643,964 shares trading for $13,868,036,024 versus 9,325,241 units at $282,546,221 on Friday. Wigton Windfarm was the second lead trade, with 1.54 percent for 1.58 million units, Transjamaican Highway followed with 1.5 percent for 1.51 million stock units and Sagicor Select Financial Fund 1.3 percent, with 1.38 million shares changing hands.
Trading averaged 2,094,775 units at $283,021,143, compared to 179,332 shares at $5,433,581 on Friday. Trading month to date averages 393,158 units at $37,484,522, versus 155,610 units at $3,207,330 on Friday. June ended with an average of 249,610 units at $3,877,606.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments rose 95 cents to $85 with an exchange of 2,400 stock units, Caribbean Cement shed $1 to end at $91 with 4,849 stocks crossing the market, Eppley lost 79 cents in ending at $39.50 after an exchange of 12,416 stock units, Eppley Caribbean Property Fund plunged $5.89 to $41 with a transfer of 1,701 units, First Rock Capital dived $2.10 to $13.50 in switching ownership of 106,626 shares. Grace Kennedy slipped $1.69 to close at $103.20 with 314,616 shares crossing the market, Guardian Holdings popped $1 to $685 in trading 317 stock units, Jamaica Producers shed $1.92 to end at $22.03 with the swapping of 115,747 shares. Kingston Wharves fell $2.50 to $47.50 after 9,360 stock units crossed the market, Mayberry Investments popped 51 cents to $6.51 in exchanging 19,050 stocks. NCB Financial declined $7 to $139 in trading 95,187,289 shares, Palace Amusement plunged $110 to $1,190 with a transfer of 127 units. Pan Jam Investment shed $1.50 to close at $67.50 with 27,771 stock units changing hands, Sagicor Group spiked $2.94 to $57.94 after an exchange of 10,433 units, Salada Foods rose 28 cents to $8.90 in trading 21,207 stocks, Scotia Group shed 68 cents in ending at $39.50 after transferring 24,895 shares. Stanley Motta rose 20 cents to $5.90 with the swapping of 15 stock units, Supreme Ventures gained 32 cents to end at $19.32 in trading 1,162 units and Sygnus Credit Investments fell 40 cents to $14.60 with an exchange of 262,714 shares.
In the preference segment, Eppley 8.25% dropped $1.04 to $6.06 and exchanging 3,121 stocks, JMMB Group 7.15% – 2028 fell 45 cents to $2.90 in switching ownership of 63,006 shares and JMMB Group 7.25% rallied 27 cents to $1.53 with the swapping of 176 units.

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

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Funds chasing Junior Market stocks drop

July 12, 2021 by IC Insider.com

Trading ended on Monday after 36 percent less funds chased after Jamaica Stock Exchange Junior Market stocks compared to Friday, as the volume of stocks traded rose just 4 percent.
The Junior Market Index popped 7.42 points to settle at 3,363.37, at the close. The PE Ratio, a measure used to compute an appropriate value of a stock, averages 12.9 based on ICInsider.com’s 2021-22 earnings forecast.
Market activity led to 36 securities trading versus 35 on Friday and ended with 13 rising, 14 declining and nine ending unchanged.
Overall, 5,457,462 shares traded for $14,101,487 compared to 5,232,244 units at $22,118,856 on Friday.
Future Energy Source led trading with 29.2 percent of total volume after exchanging 1.59 million shares followed by Derrimon Trading 19 percent for 1.04 million units and Mailpac Group 12.9 percent after trading 703,806 units.
Trading averaged 151,596 units at $391,708, in contrast to 149,493 at $631,967 on Friday. Month to date trades average 155,418 units at $466,160, compared to 155,961 units at $476,754 on Friday. June closed with an average of 225,705 units at $644,459.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging rose 11 cents to $1.68 in exchanging 26,754 shares, Blue Power popped 5 cents to $3.60 with a transfer of 31,797 shares, Cargo Handlers shed 80 cents to $7.60 with an exchange of 7,511 stocks. Caribbean Cream rose 21 cents ending at $5.70 with 20,055 stock units passing through the market, Caribbean Flavours gained 19 cents in closing at $2.15, with 42,000 shares crossing the exchange. Elite Diagnostic declined 4 cents to $3.10 with an exchange of 66,810 units, Everything Fresh slipped 6 cents to $1 in swapping 12,932 stocks. Express Catering fell 19 cents to $6.05 after exchanging 685 units, Fosrich popped 77 cents to $8.27 with 27,231 units crossing the market, Indies Pharma shed 33 cents to $3.50 with 44,622 stocks changing hands, ISP Finance spiked $3.50 to $25 after transferring 551 units. Jamaican Teas lost 5 cents to close at $4 after exchanging 529,940 shares, Jetcon Corporation popped 5 cents to $1.40 in trading 400,714 stock units, Lasco Manufacturing fell 14 cents to $5.26 after crossing the market with 49,316 stocks, Limners and Bards slipped 7 cents to $3.20 with 12,000 shares changing hands. Lumber Depot fell 10 cents to $3.40 in an exchange of 55,086 stock units, Mailpac Group rallied 24 cents to $3.94 after 703,806 stocks crossed the exchange, Medical Disposables spiked 25 cents to $5.15 with the swapping of 200 units and Paramount Trading lost 10 cents in closing at $1.16 in exchanging 205,348 stock units.

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: AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity

JSE Main Market slips into weekend

July 9, 2021 by IC Insider.com

Stocks slipped into the weekend on Friday, after an exchange of just 5 percent more shares valued 26 percent more than on Thursday, with the market indices lost grounds even after prices of more stocks rose than those declining on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index shed 223.23 points to 464,466.25, the JSE Main Index slipped just 71.20 points to end at 426,626.34 and the JSE Financial Index ended 0.38 points lower to 105.42.
Trading ended with 52 securities compared to 50 on Thursday, with 22 stocks rising, 19 declining and 11 remaining unchanged. The PE Ratio, a measure that determines an appropriate value for a stock, averages 16.9 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 9,325,241 shares trading for $282,546,221, up from 8,889,308 units at $224,811,511 on Thursday. Transjamaican Highway led trading with 28.5 percent after trading 2.66 million shares followed by Caribbean Cement 21.7 percent with 2.02 million units and Sagicor Select Financial Fund with 11.3 percent after an exchange of 1.06 million units.
Trading averaged 179,332 units at $5,433,581, compared to 177,786 shares at $4,496,230 on Thursday. Trading month to date averages 155,610 units at $3,207,330, within distance of 151,484 units at $2,820,155 on Thursday. June ended with an average of 249,610 units at $3,877,606.
Investor’s Choice bid-offer indicator shows 14 stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments shed 95 cents to close at $84.05 after an exchange of 24,203 shares, Caribbean Cement fell $1.75 to $92 with 2,024,458 shares crossing the exchange, Eppley rose 43 cents to 40.29 with 108 stocks clearing the market, Eppley Caribbean Property Fund declined $3.11 to $46.89 in trading 737 units. Grace Kennedy popped 89 cents to $104.89 with a transfer of 220,111 stock units, Guardian Holdings advanced $14 to $684 with 566 units changing hands, Jamaica Producers advanced $1.90 to $23.95 in an exchange of 3,045 stock units. Jamaica Stock Exchange fell 25 cents to $17.25 after clearing the market with 3,198 units, JMMB Group gained 45 cents in closing at $38 in switching ownership of 135,193 shares, Kingston Wharves rose $2.06 to $50 with 454,312 stock units crossing the market, MPC Caribbean Clean Energy climbed $30 to close at $147, with the swapping of 76 units, NCB Financial Group advanced $4 to $146 in exchanging 13,064 stocks. Palace Amusement spiked $150 to $1,300 with the swapping of 36 stock units, Pan Jam Investment rose $1.40 to $69 in trading 2,065 units, Proven Investments lost 22 cents to $34.10 in crossing the market with 33,999 stocks. Sagicor Group shed $1 to settle at $55 in exchanging 457,729 shares, Salada Foods rallied 37 cents in closing at $8.62 in trading 47,287 stock units. Scotia Group shed 82 cents to $40.18 after exchanging 25,980 stocks, Supreme Ventures spiked 95 cents to $19 after crossing the market with 12,971 units and Wisynco Group shed 25 cents to close at $15.50 in exchanging 41,535 stock units.
In the preference segment, Eppley 8.75% preference share rose 22 cents to $7.50 in trading 2,500 stocks, Eppley 8.25% rallied $1.04 to $7.10 with 470 units changing hands and Productive Business Solutions 9.75% preference share declined $25 to $80 in transferring 2,000 shares.

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

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Junior Market stumbles into weekend

July 9, 2021 by IC Insider.com

Trading closed on Friday with the Junior Market Index falling a solid 33.79 points to close the week at 3,355.95, which is well below the close of 3,402.30 at the end of the prior week as trading resulted in an exchange of 28 percent fewer shares for 36 percent less the value than on Thursday.
Thirty five (35) securities traded versus 36 on Thursday and ended with prices of 15 stocks rising, 12 declining and eight, closing unchanged.
The PE Ratio, a measure used to compute an appropriate stock value, averages 12.9 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 5,232,244 shares changing hands for $22,118,856, down from 7,218,781 units at $34,584,400 on Thursday.
Fosrich Group led trading with 28.8 percent of total volume, after trading 1.50 million shares, followed by Lasco Financial 17.8 percent, with 932,128 units and Future Energy Source 14.9 percent, with an exchange of 778,165 units.
Trading on Friday averages 149,493 units at $631,967 down from 200,522 at $960,678 on Thursday. Month to date trades average 155,961 units at $476,754, close to 157,000 units at $451,835 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, Access Financial fell $2.06 to $20.64, trading 525 shares, Blue Power rose 5 cents to $3.55 with a transfer of 15,628 stocks, Cargo Handlers rallied 60 cents to $8.40 with 161 units changing hands. Caribbean Flavours dropped 18 cents to $1.96 with an exchange of 50,135 shares, Caribbean Producers rose 23 cents to close at a 52 weeks’ high of $4.98, after trading 34,319 stocks, Consolidated Bakeries fell 10 cents to $1.68 with 10,500 units traded. Dolphin Cove popped 10 cents to $8.40 with a transfer of 60 stock units, Elite Diagnostic slipped 5 cents to $3.14 with 100 shares changing hands, Express Catering advanced 24 cents to $6.24 with an exchange of 50,649 units. Fosrich dropped 79 cents to $7.50 with 1,504,969 stocks passing through the market, GWest Corporation rose 5 cents to $1.15 with 75,800 shares traded, Indies Pharma increased 6 cents to $3.83 with a transfer of 29,165 units. Jamaican Teas rallied 7 cents to $4.05, with 445,096 stocks changing hands, Jetcon Corporation slipped 5 cents to $1.35, with an exchange of 56,755 stock units, Knutsford Express shed 92 cents to settle at $7.08 with investors switching ownership of 1,650 shares. Lasco Distributors dropped 29 cents to $3.90, trading 11,117 shares, Lasco Financial fell 14 cents to $3.15, with 932,128 units changing hands, Lasco Manufacturing rose 10 cents to $5.40 with an exchange of 71,538 shares. Lumber Depot popped 5 cents to $3.50 with 215,589 stocks passing through the market, Mailpac Group slipped 5 cents to $3.70, with 244,779 units traded, Main Event spiked 40 cents to $5.40 with 600 stock units changing hands and Medical Disposables bolted 49 cents to $4.90, with 22,569 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: Access Financial, Best performing stock market, Blue Power, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Trading Activity, tTech

Major stocks rebound

July 8, 2021 by IC Insider.com

Stocks settled on a robust recovery at the end of trading on Thursday and, in the process, wiped out all the losses of the past two days with moderately more stocks declining than rising after the volume of shares and the value traded fell 22 percent and 29 percent respectively compared to Wednesday on the Jamaica Stock Exchange Main Market.
At the close of trading, the All Jamaican Composite Index spiked 4,025.26 points to 464,689.48, the JSE Main Index sprung 3,462.72 points higher to 426,697.54 and the JSE Financial Index rose 1.87 points to 105.80.
Trading ended with 50 securities compared to 51 on Wednesday, with 19 stocks rising, 23 declining and eight remaining unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.9 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 8,889,308 shares trading for $224,811,511 versus 11,432,806 units at $317,069,162 on Wednesday. Wigton Windfarm led trading with 13.6 percent of total volume for an exchange of 1.21 million shares, followed by Transjamaican Highway with 10.1 percent for 894,159 units and Grace Kennedy with 9.3 percent after trading 833,408 units.
Trading averaged 177,786 units at $4,496,230, compared to 224,173 shares at $6,217,042 on Wednesday. Trading month to date averages 151,484 units at $2,820,155, in contrast to 146,203 units at $2,483,594 on Wednesday. June ended with an average of 249,610 units at $3,877,606.
Investor’s Choice bid-offer indicator reading has 13 stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments surged $3.09 to $85 after trading 50,941 stocks as investors responded positively to the news that the directors will be to consider increasing the company’s capital, Berger Paints rallied 96 cents to close at $14.85 after exchanging 100 units, Caribbean Cement fell $1.05 to $93.75 in transferring 8,307 units. First Rock Capital lost 21 cents to close at $15.60 with 16,948 stocks changing hands, Grace Kennedy rallied $2 to $104 in switching ownership of 833,408 shares, Guardian Holdings dropped $19.99 to $670 with the swapping of 3,832 stock units. Jamaica Broilers gained 43 cents to end at $35.98 with an exchange of 27 units, Jamaica Producers shed 95 cents in ending at $22.05, with 17,393 stocks clearing the market. Kingston Properties fell $1.10 to $8.40 in swapping of 19,760 units, Margaritaville rose $1 to $15.10 after exchanging 814 units, Mayberry Investments added 34 cents in closing at $6.19 with the transfer of 759,331 shares, Mayberry Jamaican Equities shed 75 cents to $9 in switching ownership of 25,606 stock units. NCB Financial advanced $1 to $142 after exchanging 176,301 stocks, Palace Amusement dived $200 to end at $1,150 with the swapping of 100 units, Pan Jam Investment lost 40 cents in ending at $67.60 after trading 21,361 stocks. Proven Investments slipped 78 cents to $34.32 with 1,024 shares changing hands, Sagicor Group rallied $4 to $56 with 278,687 stock units crossing the market, Salada Foods picked up 25 cents to settle at $8.25 with the swapping of 56,192 stock units and Supreme Ventures shed 96 cents to close at $18.05, with 237,056 shares clearing the market.
In the preference segment, Eppley 8.25% fell $1.04 to $6.06 exchanging 623 units and JMMB Group 7.35% – 2028 rose 15 cents to a record $3.45 with a transfer of 51,094 stocks.

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

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Honey Bun dominates trading on Thursday

July 8, 2021 by IC Insider.com

Honey Bun commanded the lion’s share of the day’s trade on the Junior Market, accounting for 44 percent or 3.14 million of the units exchanged on Thursday and closed with a two cents fall, with the price closing at $6.75.

The top three volume leaders were rounded out by Future Energy Source 19.1 percent of the day’s trade, with 1.38 million units and Caribbean Producers with 7 percent market share after an exchange of 503,967 units, with the price hitting an intraday high of $4.80.
Market activity led to 36 securities trading compared to 38 on Wednesday and ended, with the prices of 14 stocks rising, 12 fell and 10 closing unchanged.
At the close, the Junior Market Index rallied 9.94 points to finish at 3,389.74.
The PE Ratio, a measure used to compute an appropriate value of a stock, averaged 13.1 based on ICInsider.com’s 2021-22 earnings forecast.
Trding ended with 151 percent more funds chasing 42 percent more shares on Thursday than on Wednesday leading to 7,218,781 shares changing hands for $34,584,400 versus 5,070,178 units at $13,802,179 on Wednesday.
Trading averaged 200,522 units at $960,678 up from 133,426 at $363,215 on Wednesday. Trading month to date averages 157,000 units at $451,835, compared to 148,391 units at $351,184 on Wednesday. June averaged 225,705 units at $644,459.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Caribbean Assurance Brokers fell 11 to $1.88 with investors switching ownership of 23,733 shares, Caribbean Cream dropped 26 cents to $5.49 with an exchange of 175,614 units, Elite Diagnostic rallied by 8 cents to $3.19 with 500 stock units changing hands. Everything Fresh rose 7 cents to $1.06, with 8,000 stocks traded, Express Catering fell 30 cents to close at $6 with a transfer of 29,624 shares, Indies Pharma gained 7 cents to end at $3.77, with ownership of 34,710 unit switching. ISP Finance spiked $4.20 to $21.50 with an exchange of 72,000 stock units, Jamaican Teas slipped 7 cents to $3.98 with 317,413 shares changing hands, Jetcon Corporation dropped 10 cents to $1.40 with 304,988 units traded. KLE Group fell 5 cents to $1.30, with a transfer of 20,000 stocks, Lasco Distributors advanced 19 cents to $4.19 with 25,911 shares passing through the market, Lasco Manufacturing declined by 15 cents to $5.30, with 15,298 units changing hands. Limners and Bards gained 14 cents to finish at $3.26 with 56,144 stocks traded, Lumber Depot rose 5 cents to $3.45 with a transfer of 436,393 stocks and SSL Venture rallied 10 cents to 78 cents with 600 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: Access Financial, AMG Packaging, Best performing stock market, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Losses for JSE Main Market

July 7, 2021 by IC Insider.com

Market activity ended on Wednesday with the market declining, with the volume of shares exchanged rising 75 percent with the value climbing 504 percent higher than on Tuesday at the close of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index dropped 2,454.90 points to 460,664.22, the JSE Main Index shed 674.44 points to end at 423,234.82 and the JSE Financial Index dipped 0.36 points to 103.93.
Trading ended with 51 securities similar to Tuesday, with 16 stocks rising, 19 declining and 16 remaining unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 17.1 based on ICInsider.com forecast of 2021-22 earnings.
A total of 11,432,806 shares traded for $317,069,162 versus 6,642,522 units at $52,483,080 on Tuesday. Eppley Caribbean Property Fund led trading with 44.5 percent of total volume for 5.09 million shares, followed by Transjamaican Highway 12.7 percent, with 1.45 million units and Wigton Windfarm 11.7 percent, with 1.34 million units.
Trading averaged 224,173 units at $6,217,042, compared to 130,246 shares at $1,029,080 on Tuesday. Trading month to date averages 146,203 units at $2,483,594, in contrast to 126,120 units at $1,521,948 on Tuesday. June ended with an average of 249,610 units at $3,877,606.
Investor’s Choice bid-offer indicator reading has 12 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement popped $1.80 to $94.80 after exchanging 43,185 stock units, Eppley dropped $4.04 to $39.86 in transferring 958 units. Eppley Caribbean Property Fund spiked $9.46 to $50 with the swapping of 5,093,289 shares, First Rock Capital rallied 26 cents to $15.81 in an exchange of 9,021 units, Grace Kennedy fell $1.99 to $102 in switching ownership of 34,826 stock units. Guardian Holdings surged $39.99 to $689.99 with 6,272 units changing hands, Jamaica Broilers declined $1.15 to $35.55 with the swapping of 7,584 units, Jamaica Producers slipped $1 to end at $23 after 11,621 stocks crossed the market. Jamaica Stock Exchange rallied 38 cents to $17.50 in trading 530 units, JMMB Group lost 44 cents in ending at $37.56 with a transfer of 43,241 stocks, Kingston Properties rose $1.10 to $9.50 in an exchange of 738 units. Margaritaville shed $1.20 to $14.10, with 2,457 stock units clearing the market, Mayberry Investments lost 25 cents in closing at $5.85 in exchanging 1,000 shares. Mayberry Jamaican Equities rose 76 cents to settle at $9.75 in switching ownership of 500 stocks, NCB Financial fell 50 cents to $141 with 42,327 shares changing hands, Palace Amusement dived $75 to $1,350 in trading 29 units. PanJam Investment climbed 40 cents to $68 after exchanging 11,951 stock units, Sagicor Group dived $4.50 to $52 in trading 183,871 shares, Salada Foods lost 30 cents to close at $8 with 69,919 shares crossing the exchange, Scotia Group popped 90 cents to $40.90 in transferring 134,985 stocks and Supreme Ventures shed 39 cents in ending at $19.01 with the swapping of 852,216 shares.
In the preference segment, JMMB Group 7.25% shed 24 cents in closing at $1.26 with 4,941 units changing hands.