Feature Stories — Page 227

Most of Monday’s JSE MM gains ceded

August 4, 2020 by IC Insider.com

The Jamaica Stock Exchange Main Market ended trading on Tuesday with declining stocks having the upper hand after investors traded five times Monday’s volume and 172 percent the value.
At the close, the All Jamaican Composite Index dropped 4,525.87 points to settle at 407,770.78, the Main Index dived 4,032.21 points to settle at 372,186.65 and the JSE Financial Index carved out a loss of 1.35 points to end at 97.01.
Trading ended with 44 securities changing hands with the prices of 17 stocks rising, 21 declining and six remaining unchanged, with the average PE Ratio of the market ending at 15.5 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 41,738,542 shares for $151,520,182 compared to 8,211,306 units at $88,195,049 on Monday.
138 Student Living Preference shares led trading with 12 million units for 28.8 percent of total volume, followed by Transjamaican Highway with 11.06 million stock units for 26.5 percent of the day’s trade. Wigton Windfarm was next with 9.46 million units, for 22.7 percent market share, QWI Investments closed, with 3.1 million units for 7 percent of the day’s volume and Pulse Investments was the next, with 2.3 million units for 6 percent of the market activity.
Market activity ended, with an average of 948,603 units trading for the day at $3,443,641 for each security, in comparison to an average of 182,473 shares at $1,959,890 for Monday. An average of 561,234 units traded for the month to date at $2,693,430 for each security. Trading for the month to date compares well to July that ended with an average of 392,128 shares for $2,444,356.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows 10 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments gained $1.40 to settle at $57.80 after exchanging 3,433 shares, Eppley Caribbean Property Fund rose $1.95 to close at $48.95 with 6,960 units traded, Jamaica Stock Exchange dropped 60 cents to finish at $23 with 2,744 shares changing hands. JMMB Group carved out a loss of 60 cents to end at $31 with investors transferring 132,605 units, Key Insurance fell 39 cents to settle at $8.60, after an exchange of 41,219 stock units, Kingston Wharves advanced $2.80 to finish at $53.50, with investors switching ownership of 1,824 shares. NCB Financial Group lost $1.51 to close at $138.47 with 45,636 units changing hands, Proven Investments fell 50 cents to settle at $33.80 in an exchange of 4,424 stock unit. Sagicor Real Estate Fund dropped $1.03 to end at $7.86 trading 455 stocks. Salada Foods shed $2 to close at $27 in an exchange of 265 stock units, Scotia Group lost $3.70 to settle at $48 with 41,184 shares traded, Supreme Ventures lost 39 cents to finish at $15.10 with 130,605 shares changing hands. Sygnus Credit Investments fell 30 cents to end at $16.50, with an exchange of 11,550 stock units, Victoria Mutual Investments gained 53 cents to finish at $7.03, with investors transferring 257,519 units and Wisynco Group carved out a loss 57 cents to close at $17.05 with 64,103 units crossing the exchange.
In the preference segment, Community & Workers Co-operative Credit Union preference share advanced by 49 cents to end at an all-time high of $2.51 with 210,189 shares traded and 138 Student Living gained 76 cents to settle at $5.96, with 12,002,207 units passing through the market.

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 Co-operative 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

Junior Market continues to inch higher

August 4, 2020 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange ended trading on Tuesday, with the market index advancing as more stocks rose than declined after investors traded a mere 16 percent of Monday’s volume at 22 percent of the value.
Trading ended with 34 securities changing hands compared to 32 on Monday and ended with the prices of 13 stocks rising. Prices of 10 stocks declined and prices of 11 remained unchanged.
At the close, the Junior Market Index advanced by 15.97 points to settle at 2,619.05, and the average PE Ratio of the market ended at 10.8 based on IC Insider.com’s forecast of 2020-21 earnings.
Market activities concluded with an exchange of 1,625,055 shares for $5,194,150 compared to 9,920,174 shares for $23,681,230 on Monday.
Mailpac Group led trading with 303,405 shares for 18.7 percent of total volume followed by Jamaican Teas with 230,446 units for 14.2 percent of the day’s trade and Lumber Depot with 147,000 units for 9 percent market share.
Investors exchanged an average of 47,796 units at $152,769 in contrast to an average of 309,774 at $740,038 on Monday. An average of 174,816 units traded at $437,506 for the month to date. Trading in July resulted in an average of 248,153 units changing hands at $668,727.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, AMG Packaging dropped 2 cents to close at $1.73 in an exchange of 1,162 stock units, Blue Power climbed 30 cents to settle at $3.45 with investors switching ownership of 43,232 shares, Cargo Handlers declined 88 cents to finish at $6.51 with 1,100 shares traded. Caribbean Assurance Brokers ended 4 cents higher at $2.29 with 58,475 units changing hands, Caribbean Cream climbed 65 cents to finish at $5.05 and clearing the market with 75,024 stocks, Caribbean Producers gained 4 cents to close at $2.39 in an exchange of 121,300 units. Derrimon Trading carved out a gain of 20 cents to end at $2.50 with investors transferring 109,813 units, Dolphin Cove lost 2 cents to settle at $7.43 with 2,070 stock units traded, Fosrich increased 25 cents to finish at $3.90 with 24,991 stock units changing hands. General Accident advanced by 17 cents to end at $7.32 with investors switching ownership of 33,520 stock units, GWest Corporation lost 3 cents to close at 86 cents with and exchange of 673 shares, Honey Bun carved out a loss 5 cents to end at $5.35 with investors transferring 796 stocks. iCreate advanced 3 cents and traded 1,993 units to settle at 60 cents, Indies Pharma fell 7 cents to $2.90 with 9,200 shares changing hands, Jetcon Corporation carved out a gain of 10 cents to end at $1.01 and clearing the market with 6,097 shares. Lasco Distributors slipped 3 cents to close at $3.25 with 70,905 shares passing through the market, Lasco Financial rose 9 cents to settle at $2.50 trading 5,700 units, Lasco Manufacturing declined by 3 cents to end at $3.75 in an exchange of 55,345 stock units. Limners and Bards climbed 21 cents to finish at $2.88 with investors transferring 27,316 stocks, Lumber Depot gained 1 cent to close at $1.07 with 147,000 shares changing hands, Mailpac Group declined 2 cents to end at $2.12 with an exchange of 303,405 stock units. Medical Disposables climbed 25 cents to close at $5.30 with 3,410 shares traded and tTech dipped 80 cents to close at $6.50, with 22,081 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: AMG Packaging, Best performing stock market, Blue Power, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, 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, tTech

Junior Market starts August off with gains

August 3, 2020 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange ended trading on Monday, with the market rising after more stocks rose than declined after investors traded more than three times the shares, exchanged on Friday.
Trading ended with 32 securities changing hands, similar to the activity on Friday and ended with the prices of 13 stocks rising, 12 declining and the prices of seven remaining unchanged.
At the close, the Junior Market Index rose 13.05 points to settle at 2,603.08, and the average PE Ratio of the market ended at 10.7 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 9,920,174 shares for $23,681,230 compared to 2,937,362 units at $11,279,065 on Friday.
Derrimon Trading led trading with 8.40 million shares for 84.7 percent of total volume, followed by Mailpac Group with 538,932 units for 5.4 percent of the day’s trade and Lasco Distributors with 199,213 units for 2 percent market share.
An average of 309,774 units at $740,038 in contrast to an average of 91,793 at $352,471 on Friday. Trading in July resulted in an average of 248,153 units at $668,727 trading.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows five stocks ended with bids higher than their last selling prices and six with lower offers.
At the close of the market, Access Financial gained 94 cents to close at $26.99 with the trading of 5,259 stocks, AMG Packaging rose 2 cents to settle at $1.75, with 125,640 stock units changing hands, Blue Power lost 15 cents to settle at $3.15 after clearing the market with 23,011 shares. Caribbean Cream gained 40 cents in closing at $4.40, with an exchange of 1,571 stock units, Caribbean Producers dropped 4 cents to end at $2.35 after exchanging 51,610 units, Consolidated Bakeries lost 19 cents ending at $1.36 clearing the market with 1,000 shares. Derrimon Trading shed 9 cents to end at $2.30 while exchanging 8,401,811 stocks, Elite Diagnostic dipped 10 cents in closing at $3.60 with investors switching ownership of 29,500 units, Express Catering declined by 6 cents to $4 in an exchange of 34,253 stocks. Fosrich dropped 24 cents to close at $3.65 and clearing the market with 34,160 shares, General Accident climbed 11 cents to settle at $7.15, and finishing at 19,458 shares changing hands, Honey Bun rose 10 cents to end at $5.40 in an exchange of 402 shares. iCreate added 1 cent in closing at 57 cents while trading 92,494 shares, Indies Pharma gained 2 cents to finish at $2.97 83,705 stock units changing hands, Iron Rock Insurance advanced 45 cents to $3.45 while exchanging three units. Jamaican Teas increased 11 cents to end at $5 in an exchange of 95,024 stock units, Knutsford Express shed 40 cents to close at $7.50, with 7,512 units passing through the market, Lasco Distributors gained 3 cents to settle at $3.28 in trading 199,213 units. Lasco Manufacturing rose 28 cents in closing at $3.78 after exchanging 17,211 units, Limners and Bards lost 13 cents to settle at $2.67 and finishing trading, with 12,851 units, Mailpac Group shed 1 cent to settle at $2.14, with 538,932 stocks changing hands. Main Event slipped 1 cent to $3.99 after 5,100 shares crossed the market, Medical Disposables carved out a gain of 5 cents to end at $5.05 and trading 24,047 units. Stationery and Office Supplies fell 10 cents in closing at $5.80, with 2,747 stock units crossing the market and tTech gained 60 cents to end at $7.30, with 5,000 shares passing through the market.
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, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, 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, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Lasco out Medi Disposables back in IC TOP 10

August 2, 2020 by IC Insider.com

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Lasco Distributors rose from $2.85 to close at $3.25 after the company posted a 57 percent rise in first-quarter profit and Medical Disposables returns with the stock finding support just under $5 this past week after posting disappointing full-year results at the end of the prior week.
There was no change in the Main Market TOP 10 list for the week that saw the Main Market remaining relatively stable for the past week, while the Junior Market rose 35 points for the week on top of gains in the previous week.
Although Lasco Distributors is out of the TOP 10, investors should expect to see more gains, with the EPS of 38 cents for this fiscal year, as the stock trades at 8.7 times earnings compared with 11.2 for the Junior Market. Caribbean Cream reported good first-quarter results, suggesting a significant increase in full-year profits. The stock closed the week at $4, up from $3.65, and is poised for more gains in the weeks to come. There are limited offers to sell the stock while buying interest has picked up.
The top three stocks in each market saw little change in the rankings, leaving the top three Junior Market stocks, with the potential to gain between 239 to 695 percent by March 2021. The first is Caribbean Producers, followed by Lasco Financial and Stationery and Office Supplies.
The top three stocks in the Main Market, with expected gains of 182 to 233 percent, are Berger Paints followed by Radio Jamaica and JMMB Group.

Grace Kennedy new headquarters in downtown Kingston

This week’s focus: Grace Kennedy posted revenues of $56.5 billion, up 10 percent over the corresponding period of the prior year. Profit before tax was $4.5 billion, reflecting a 53 percent improvement over the same period in 2019. Net Profit after tax increased 36.5 percent to $2.75 billion after minority interest, with earnings per stock unit for the period of $2.77. The result to date is outstanding, projected earnings for 2021 is over $11 per share, putting the stock in the category of one of the best buys in the Main Market currently. IC Insider.com has upped its forecast for 2020 per share to $7.25, with a PE ratio of 8 at the closing stock price of $57.
QWI Investments just released its June quarter results, with a loss of $461 million for the year to date and a profit of $115 million in the latest quarter. The company’s portfolio comprises a mix of stocks mainly in Jamaica and the USA, with a smattering in Trinidad. At the end of July, the net asset value (NAV) continued to increase and ended the month at $1.06, up 11.5 percent from 95 cents at the end of March this year. The performance beats the JSE Main Market index that is down 2.5 percent over the same period and the JSE Combined Index down one percent for the same period. The NAV growth that reflects changes to the investment value plus dividend income after expenses is just behind the JSE Junior Market index that is up 12.4 percent over the same period. The stock price closed at 73 cents on the local market on Friday, at a steep discount of 41 percent to the net asset value.
Access Financial reported a first-quarter profit after tax to June of $33 million, compared to $165 million for the similar period in 2019 after additional provision for loan losses amounting to $67 million and loan write-off of $38 million. Income slipped as loans contracted, but the cost in some areas fell. The company is sound and is poised to return to higher levels of profit, and could even reverse some of the loan loss provisions going forward.
The targeted average PE ratio of the market is 20 based on the profits of companies reporting full year’s results from now to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level an indication of the potential gains ahead. The JSE Main Market ended the week, with an overall PE of 14.9 and the Junior Market at just 11.2, based on IC Insider.com’s projected 2020-21 earnings. The average PE ratio of the Junior Market has been slowly rising and narrowing the gap, with the Main Market as investors see better profit opportunities in this sector. The PE ratio for the Junior Market Top 10 stocks averages a mere 6.3 at just 56 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at a PE of 8.1 or 55 percent of the PE of the overall market.
The average projected gain for the IC TOP 10 stocks is 261 percent, for the Junior Market and 153 percent for the JSE Main Market, based on 2020-21 earnings, an indication that there is the potential to make greater gains in the Junior Market than in the Main Market.
IC TOP 10 stocks are likely to deliver the best returns up to March 2021 and ranked in order of potential gains, based on likely gain for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Revisions to earnings per share are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated, Feature Stories Tagged With: Access Financial, Berger Paints, Caribbean Assurance Brokers, Caribbean Producers, Carreras, Daily Trading, Emerging markets, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Laco Distributors, Lasco Financial, Medical Disposables, Radio Jamaica, Scotia Group, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

JSE Main Market jumps to close July

July 31, 2020 by IC Insider.com

The Jamaica Stock Exchange Main Market ended trading on Friday, with the market closing higher after the number of stocks gaining, more than tripled those declining, as investors exchanged 15 percent more stock units than on Thursday.
At the close, the All Jamaican Composite Index carved out a gain of 4,915.75 points to settle at 405,893.04; the Main Index gained 4,474.49 points to end at 370,421.97, the JSE Financial Index advanced by 1.37 points to settle at 95.97.
Trading ended with 40 securities changing hands with the prices of 24 stocks rising, the prices of nine declining and seven remaining unchanged and the average PE Ratio of the market ended at 15.2 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 13,543,115 shares for $51,906,344 compared to 11,753,324 units at $69,988,700 on Thursday.
Transjamaican Highway led trading with 10.67 million shares for 79 percent of total volume, followed by Wigton Windfarm with 876,134 units for 6.5 percent of the day’s trade and QWI Investments with 509,652 units for 3.8 percent market share.
An average of 338,578 units traded for the day at $1,297,659 for each security, in comparison to an average of 293,833 shares at $1,749,718 on Thursday. An average of 374,929 units traded for the month to date at $2,445,605 for each security that traded, in contrast to 376,532 units at $2,496,231. Trading month to date compares adversely to June that ended with an average of 818,748 units at $7,498,308.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows 13 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Caribbean Cement advanced $2.07 to settle at $48 while exchanging 105,977 stock units, but the stock ended with the offer of 1,986 shares at $45.90. Eppley Caribbean Property Fund gained 70 cents in closing at $47, with investors switching ownership of 28,926 stocks. Jamaica Broilers Group climbed $2.50 to end at $25.50 with investors swapping 264,548 shares, Jamaica Producers Group added $1.20 to close at $23.70 with the trading of 6,933 stocks, Jamaica Stock Exchange rose by $1.49 to $23.49, with 43,796 stock units crossing the exchange. JMMB Group climbed 80 cents in ending at $31.80, with an exchange of 197,295 stocks, Kingston Wharves fell $2, to $51, with an exchange of 60 stock units, Mayberry Jamaican Equities rallied 70 cents to end at $8.75 in a transfer of 25,566 shares. NCB Financial increased $2.50 to close at $138.50, with 12,621 stocks crossing the market, 138 Student Living carved out a loss 84 cents to settle at $6.04 with an exchange of 3,397 shares. PanJam Investment dropped 94 cents to end at $66.06, in finishing trading of 553 stock units, Sagicor Group rose 99 cents to end at $42.99 in exchanging 9,421 shares, Scotia Group increased $3.49 to $46.49 trading 55,656 units, Supreme Ventures gained 50 cents in ending at $15, with investors switching ownership of 24,033 units and Sygnus Credit Investments declined by 50 cents to close at $15.87 in an exchange of 13,780 shares.
In the preference shares segment of the market, Productive Business Solutions 9.75% advanced by $3 to close at $107, with 10,899 shares passing through the market.

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, Daily Trading, Emerging markets, 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, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Junior Market closes in on 2,600 mark

July 31, 2020 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange ended trading on Friday, with the market rising after slightly more stocks rose than declined, after investors exchanged 83 percent more shares, valued 185 higher than on Thursday.
Trading ended with 32 securities changing hands, similar to Thursday and ended with the prices of 10 stocks rising, eight declining and 14 with prices remaining unchanged. At the close, the Junior Market Index increased 25.76 points to settle at 2,590.03, and the average PE Ratio of the market ended at 10.7 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 2,937,362 shares for $11,279,065 compared to 1,607,258 units at $3,954,220 on Thursday.
Mailpac Group led trading with 850,762 shares for 29 percent of total volume followed by Limners and Bards with 344,149 units for 11.7 percent of the day’s trade and Caribbean Cream with 306,317 units for 10.4 percent market share.
An average of 91,793 units changed hands at $352,471, in contrast to an average of 50,227 shares at $123,569 on Thursday. An average of 249,987 units at $688,727 for the month to date, in comparison to 257,292 units at $701,029. Trading in June resulted in an average of 245,049 units at $689,955 trading.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows six stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Access Financial jumped by $2.55 to end at $26.05 while exchanging 33,539 stock units, AMG Packaging carved out a gain of 10 cents to settle at $1.73 trading ten stocks, Cargo Handlers advanced 99 cents to close at $7.39, with 7,784 stock units clearing the market. Caribbean Assurance Brokers added 1 cent in ending at $2.25 with an exchange of 2,250 shares, Caribbean Cream gained 15 cents to settle at $4 after exchanging 306,317 stock units, Dolphin Cove fell 5 cents to end at $7.45 after trading ten shares. Everything Fresh dropped 4 cents to settle at 75 cents in an exchange of 173,531 stock units; Express Catering lost 1 cent to settle at $4.06, finishing, with 2,250 shares changing hands, Fosrich advanced by 9 cents to $3.89 in an exchange of 280,701 stock units. General Accident fell 1 cent to close at $7.04, with 500 stocks passing through the market; Honey Bun lost 9 cents to end at $5.30 after 7,700 units crossed the market, Iron Rock Insurance dropped 80 cents to close at $3, with 3,636 stocks changing hands. Jamaican Teas fell 6 cents to close at $4.89 in an exchange of 29,780 shares, Knutsford Express advanced by 90 cents to settle at $7.90 trading 266,086 units, Limners and Bards gained 29 cents to end at $2.80 in exchanging 344,149 shares. Mailpac Group rose 5 cents to close at $2.15 850,762 shares changing hands, Medical Disposables added 1 cent to settle at $5 in exchanging 84,753 stock units and tTech fell 60 cents to $6.70 trading 160,923 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: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, 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, Limners and Bards, Medical Disposables, Stationery and Office, Trading Activity, tTech

JSE Main Market slips on Thursday

July 30, 2020 by IC Insider.com

The Main Market of the Jamaica Stock Exchange ended trading on Thursday, with the market declining after investors exchanged 42 percent fewer shares than they did on Wednesday, resulting in more stocks falling than rising.
At the close, the All Jamaican Composite Index dropped 2,282.23 points to settle at 400,977.29, the Main Index carved out a loss 1,985.25 points to close at 365,947.48 and the JSE Financial Index shed 0.64 points to end at 94.60.
Trading ended with 40 securities changing hands with the prices of 12 stocks rising, the prices of 17 declining and 11 remaining unchanged and the average PE Ratio of the market ended at 15.1 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 11,753,324 shares for $69,988,700 compared to 20,416,869 units at $130,092,416 on Wednesday. Wigton Windfarm led trading with 4.84 million shares for 41 percent of total volume, followed by Transjamaican Highway with 3.54 million units for 30 percent of the day’s trade and QWI Investments with 1.21 million units for 10.3 percent market share.
An average of 293,833 units traded on Thursday at $1,749,718 for each security in comparison to an average of 486,116 at $3,097,438 on Wednesday. An average of 376,349 units traded for the month to date at $2,494,872 for each security that traded, in contrast to 380,152 units at $2,529,211. In contrast, June ended with an average of 818,748 units at $7,498,308.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows six stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Barita Investments ended rising 57 cents to close at $54, with 297 shares crossing the exchange, Eppley Caribbean Property Fund gained $6.30 in finishing at $46.30, with an exchange of 8,648 stock units, Jamaica Broilers Group dropped by $2 to $23, finishing with 11,633 stocks changing hands. Jamaica Producers Group declined 80 cents to $22.50 while trading 131,966 stock units, JMMB Group shed 80 cents to close at $31 exchanging 108,454 shares, Mayberry Jamaican Equities carved out a loss 65 cents, in ending at $8.05, after 153,810 stock units passed through the market. NCB Financial declined by $1 to close at $136 in trading 179,518 shares, 138 Student Living carved out a gain of 88 cents to settle at $6.88, with 107,744 units changing hands, Palace Amusement dropped $239 to $1550 while exchanging a mere one stock. PanJam Investment lost $1.98 to close at $67 with investors switching ownership of 51,626 shares, Proven Investments rose 50 cents to settle at $34.50 with an exchange of 5,079 stocks, Sagicor Group carved out a loss 97 cents to end at $42 in trading 266,591 units. Scotia Group fell $2.50 to settle at $43 and cleared the market with 132,151 stock units, Seprod shed $1.20 to close at $56 after exchanging 2,061 units and Wisynco Group rose 69 cents to $17.99 nd trading 6,314 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, Daily Trading, Emerging markets, Eppley Caribbean Property Fund, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Scotia Group, Seprod, Stanley Motta, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Junior Market in minute slippage

July 30, 2020 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange ended trading on Thursday, with the market declining after more stocks fell than rose, with investors trading 51 percent fewer shares than on Wednesday.
Trading ended with 32 securities changing hands compared to 33 on Wednesday and ended with the prices of nine stocks rising, 17 declining and six with prices remaining unchanged.
At the close, the Junior Market Index carved out a loss of a mere 0.66 points to settle at 2,564.27, and the average PE Ratio of the Junior Market ended at 10.7 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 1,607,258 shares for $3,954,220 compared to 2,711,361 units at $8,041,179 on Wednesday.
Mailpac Group led trading with 479,529 shares for 30 percent of total volume, followed by Everything Fresh with 300,722 units for 18.7 percent of the day’s trade and Limners and Bards with 218,192 units for 13.6 percent market share.
An average of 50,227 units traded at $123,569 on Thursday, in contrast to an average of 82,162 at $243,633 on Wednesday. For the month to date, the average trade was 257,292 units at $701,029, in contrast to 267,316 units at $728,985. Trading in June resulted in an average of 245,049 units at $689,955 trading.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows two stocks ended with bids higher than their last selling prices and one with lower offers.
At the close of the market, Cargo Handlers lost 70 cents to settle at $6.40 after exchanging 8,016 units, Caribbean Assurance Brokers climbed 9 cents to end at $2.24 in an exchange of 3,500 stocks, Caribbean Cream increased 27 cents to $3.85, with 23,045 shares changing hands. Caribbean Flavours declined by $1.57 to close at $10.50 in exchanging 112 units, Dolphin Cove fell 9 cents after closing at $7.50 while trading 1,000 shares, Elite Diagnostic carved out a gain of 10 cents to close at $3.70 while exchanging one share. Everything Fresh climbed 12 cents in closing at 79 cents and finished trading with 300,722 units, Express Catering carved out a loss 2 cents after ending at $4.07 in an exchange of 3,330 shares, Fontana lost 5 cents to close at $5 in trading 83,879 stock units. General Accident fell 10 cents to end at $7.05 while exchanging 11,041 stock units, Honey Bun slipped 1 cent to settle at $5.39 in trading 500 units, iCreate increased 2 cents to 56 cents trading 10,000 stocks. Indies Pharma fell 5 cents to end at $2.95 in exchanging 5,000 shares, Jamaican Teas declined by 4 cents to end at $4.95, with 7,915 units clearing the market, Jetcon Corporation dropped 1 cent to end at 91 cents in exchanging 16,120 shares. Lasco Distributors advanced 19 cents to close at $3.25 with investors switching ownership of 42,001 shares, Lasco Financial declined by 13 cents and ending at $2.41, with 131,441 units changing hands, Lasco Manufacturing shed 12 cents to end at $3.50 121,608 stock units crossing the exchange. Limners and Bards slipped 10 cents to end at $2.51 in an exchange of 218,192 stock units, Lumber Depot advanced by 1 cent in closing at $1.06 while exchanging 6,194 stock units, Mailpac Group lost 4 cents closing at $2.10 with investors switching ownership of 479,529 stocks. Main Event gained 1 cent to closed at $4 in an exchange of 230 shares, Medical Disposables dipped 1 cent to close at $4.99, with 8,575 units changing hands, Paramount Trading shed 3 cents in closing at $1.77 and cleared the market with 1,000 shares. Stationery and Office Supplies dropped by 8 cents in closing at $5.90, with investors switching ownership of 3,500 shares and tTech rose 17 cents ending at $7.30 clearing the market with 25,124 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: Best performing stock market, Blue Power, 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, Honey Bun, iCreate, Indies Pharma, 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, tTech

JSE Main Market rises

July 29, 2020 by IC Insider.com

The Jamaica Stock Exchange Main Market recovered some of Tuesday’s losses but the gains were not nearly enough to wipe out Tuesday fall as 42 securities changed hands with the prices of 24 stocks rising, 15 declining and three remaining unchanged.
At the close, the All Jamaican Composite Index gained 1,220.61 points to settle at 403,259.52. The JSE Main Index rose 1,024.69 points to settle at 367,932.73 and The JSE Financial Index gained 0.21 points to end at 95.24.
Trading ended with and the average PE Ratio of the market ended at 14.9 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 20,416,869 shares for $130,092,416 compared to 11,625,612 units at $49,526,202 from the trading of 41 securities on Tuesday.
Transjamaican Highway led trading with 11.76 million shares for 57.6 percent of total volume, followed by Wigton Windfarm with 5.17 million units for 25.3 percent of the day’s trade and PanJan Investment with 396,216 units for two percent market share.
An average of 486,116 units traded on Wednesday at $3,097,438 for each security in comparison to an average of 283,539 at $1,207,164 on Tuesday. An average of 380,348 units traded for the month to date at $2,530,672 for each security that traded, in contrast to 374,963 units at $2,501,819. In contrast, June ended with an average of 818,748 units at $7,498,308.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows eight stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments lost $4.51 to end at $53.43 with an exchange of 4,361 units, Caribbean Cement rose $1.73 to close at $45.73 with an exchange of 5,370 stock units, Eppley Caribbean Property Fund dropped $6.10, to $40 with investors switching ownership of 6,134 shares. First Rock Capital dipped by 45 cents to settle at $13 while exchanging 14,345 shares. Jamaica Broilers Group gained $1, in ending at $25, with 5,422 shares passing through the market, Jamaica Producers Group rose 80 cents to $23.30 while exchanging 46,734 units, Jamaica Stock Exchange increased 50 cents to settle at $22, with 56,148 stock units changing hands. JMMB Group carved out a gain of 40 cents in ending at $31.80 after 18,979 stock units passed through the market. Key Insurance climbed 75 cents to close at $7.75 in trading 104,137 units, Kingston Wharves increased by $3.99 to settle at $53 with investors switching ownership of 100 shares. NCB Financial Group declined by $1 to end at $137 in clearing the market with 274,124 stock units, Palace Amusement advanced by $6.50 to end at $1,789 in an exchange of one share, PanJam Investment increased $3.99 to settle at $68.98, after 396,216 stock units changed hands. Proven Investments rose $1.49 to end at $34 after exchanging 16 shares, Sagicor Group gained 97 cents to settle at $42.97 in trading 330,558 shares, Scotia Group advanced $2.50 to $45.50 in trading 321,309 units and Sterling Investments climbed 50 cents and ended at $3.25 in an exchange of 1,598 units.
In the preference segment, Eppley 8.25% advanced by 89 cents to settle at $6.81 with investors swapping 450 shares and 138 Student Living Preference share, fell 40 cents to close at $5.20 in trading just five 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, Caribbean Cement, Carreras, Daily Trading, Emerging markets, 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, Portland JSX, Proven Investments, QWI Investments, 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

Big day for Junior Market

July 29, 2020 by IC Insider.com

The Junior Market recorded gains at the close of trading on Wednesday, with the prices of the two largest Lasco companies rising, following the release of positive first-quarter profit results.

Lasco Manufacturing rose on Junior Market on Wednesday following Q1 profit release.

Trading ended, with 33 securities changing hands, one more than on Tuesday, with the prices of 17 stocks rising, eight stocks declining and eight remaining with unchanged prices.
At the close, the market Index rose 31.93 to close at 2,564.93 and the average PE Ratio of the Junior Market ended at 10.8 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 2,711,361 shares for $8,041,179 compared to 7,640,477 units at $18,768,624 on Tuesday.
Lasco Distributors led trading with 444,945 shares for 16.4 percent of total volume, followed by Caribbean Producers with 441,603 units for 16.3 percent of the day’s trade and Fosrich with 306,610 units for 11.3 percent market share.
An average of 82,162 units changed hands at $243,672 on Wednesday, in contrast to an average of 238,765 at $586,519 on Tuesday. An average of 267,316 units traded at $728,746 for the month to date, in contrast to 277,046 units at $745,046. In comparison, June ended, with an average of 245,049 units trading at $689,955.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows two stocks ended with bids higher than their last selling prices and six with lower offers.
At the close of the market, AMG Packaging fell 2 cents to end at $1.63, with 8,471 stock units changing hands, Blue Power added 1 cent to close at $3.30 with investors swapping 69,984 units, Cargo Handlers climbed 60 cents to $7.10, with 500 shares changing hands. Caribbean Assurance Brokers lost 10 cents in closing at $2.15 in trading 6,100 units, Caribbean Cream shed 27 cents ending at $3.58 with investors switching ownership of 57,700 stock units. Caribbean Flavours climbed 57 cents in closing at $12.07 and trading 800 units, Caribbean Producers ended 1 cent higher at $2.39 with an exchange of 441,603 shares, Everything Fresh rose 2 cents to 67 cents in trading 161,764 stock units. Express Catering carved out a gain of 9 cents to close at $4.09, with 7,900 stock units crossing the exchange, Fontana gained 5 cents in closing at $5.05 with an exchange of 33,420 units, General Accident rose 20 cents to close at $7.15 after exchanging 116,000 stock units. GWest Corporation gained 2 cents to settle at 89 cents, with 2,098 shares changing hands, iCreate shed 2 cents to end at 54 cents in trading 45,143 units and Iron Rock Insurance shed 9 cents to end at $3.80 with investors swapping 3,100 stock units.
In the preference share segments, CAC 2000 9.5% fell 5 cents to settle at 95 cents and clearing the market with 51,000 units.