Jamaican stocks mostly fall – Monday

October 24, 2016 by
Scotia Group traded 1.18 million shares on Monday

Scotia Group traded 1.18 million shares on Monday

The main market indices of the Jamaica Stock Exchange declined again on Monday with the all Jamaica Composite Index jumping 1,273.92 points to 184,755.09. The JSE Market Index climbed 1,139.12 points to finish at 166,245.69 and the JSE combined index gained 1,099.99 points to end at 178,583.41 and gained at 13 percent for the year to date.
At the close 14,409,476 units valued at $129,902,890 changed hands, compared to 17,656,211 units valued at $101,436,212 changing hands on Friday. The junior market accounted for 6,697,473 units trading valued at $36,505,806 of the stocks traded.
The average trade for the day in the main market ended at 321333 units, compared to an average for the month to date of 402,684 units. On Friday, an average of 871,081 units traded with the average for the month to date at 484,035.
The market closed with 43 securities trading as the prices of 13 gained while 16 declined in the overall market, including 6 stocks rising and 6 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the ICI -JSE sum -24-10-16Investor’s Choice bid-offer indicator reading shows 13 stocks with bids higher than their last selling prices and 5 with lower offers.
In market activity, Barita Investments gained 1 cent in trading 446,721 shares to end at $4.41, Cable & Wireless lost 5 cents closed at 85 cents with 218,904 units trading, Caribbean Cement traded 19,296 shares and gained 6 cents to close at $31.56, Carreras closed at $66 with 3,000 units changing hands. Grace Kennedy closed trading with 90,024 shares changing hands at $41.99, Jamaica Broilers closed at $14.75 after easing 1 cent, with 283,408 shares switching owners. Jamaica Producers fell 1 cent to $8.29 with 435,508 units trading, Jamaica Stock Exchange lost 58 cents and ended at $27.39 while trading 1,000 shares, JMMB Group gained 16 cents in trading 291,976 units to close at $13.66. Kingston Wharves traded 34,845 shares to close at $17, Mayberry Investments ended with 662,483 shares trading at $3.85, National Commercial Bank traded 105,250 shares to close with a fall of 16 cents at $43.33, Student Living closed at $4.71 while trading 43,800 shares and gained 1 cents.ICI -JSE fn Qts -24-10-16 Pan Jamaican Investments gained 1 cent and closed at $22.56 after trading 84,165 shares, Portland JSX traded 549,651 units with the price falling 6 cents to $11.04, Pulse Investments traded 20,000 shares and lost 60 cents to close at $3.30, Radio Jamaica traded 400,000 units and gained 5 cents to end at $1.40. Sagicor Group had 48,361 shares changing hands and closed with a fall of 45 cents at $22.55, Scotia Group rose 2 cents and closed at $30.04 with 1,179,017 shares changing hands. Scotia Investments dropped $2.91 with 28,735 units changing hands to close at $31.04. Seprod had 18,853 units changing hands to close at $24.60, Sterling Investments lost 1 cents in trading 38,000 shares to close at $14.99, Supreme Ventures traded 2,215,656 shares buy fell 2 cents to close at $4.50 after the company’s Chief Executive passed over the week end and Proven Investments traded 150,800 units at 18 US cents after rising 1.5 cents.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , ,

Caribbean Cement tops Top 5

October 23, 2016 by

CCC Gte Jetcon Corporation and Caribbean Cement sit atop the IC Insider’s Top 5 stocks with the best chance of rising on junior market and main market of the Jamaican Stock Exchange at the end of last week. Both stocks just edging out the number 2 by just a few points.
There were no new entrants in either lists but Caribbean Flavours swapped place with Medical Disposables that now sits at the number 5 spot. In the main market selections Caribbean Cement changed spots with Berger Paints with the latter enjoying a slight price gain while Cement suffered a mild decline in price. AMG Packaging last traded at $21 and seems a candidate for a stock split with limited supply and inadequate liquidity of the stock. Top 5 stks 21-10-16Blue Power that last traded at $24.50 and is outside the Top 5, is also in category of a potential stock split.
Derrimon Trading sits just below the Top 5 junior market stocks followed by Dolphin Cove CAC 2000, tTech and Caribbean Cream that dropped sharply this past week to $7.
Sitting below the Top 5 in the main market are, Palace, JMMB Group, National Commercial Bank, (NCB) Sterling Investments and Pan Jamaican Investments. Feedback from the market, is that NCB is in strong demand against a background of very limited supply and the price being severely undervalued.

Filed Under: Buy Rated, Feature Stories, JSE Combined, Stocks to watch Tagged With: , , , , , , , , , , , , , ,

Juniors’ volume drops again – Friday

October 21, 2016 by

Consolidated Bakeries closed at a 52 weeks' high on Friday.

Consolidated Bakeries closed at a 52 weeks’ high on Friday.

Trading volume on the junior market of the Jamaica Stock Exchange which declined on Thursday, fell again on Friday. Volume traded dived 73 percent from Thursday’s levels, ending with a mere 234,593 units changing hands, while value traded, dropped 60 percent to $1,406,575 from $3,474,124, on Thursday.
An average of 18,046 units with an average value of $108,198 traded, compared to 67,729 units with an average value of $267,240 on the preceding trading day. The average for the month to date, amounts to 136,350 units at $752,579.
At the close of the market on 13 securities traded, versus 13 on Thursday resulting in declining stocks out pacing advancing stocks 7 to 3 as 2 stocks hit new highs. ICI Jm sum 21-10-16The junior market index declined by 0.50 points to 2,371.80 to be up 32 percent for the year to date.
Market activities ended with 6 securities closing with bids higher than their last selling prices and 1 ending with a lower offer.
Cargo Handlers which split the stock 10 for 1 stock earlier in the week did not trade on Friday but closed with a bid at $9.01 with an offer at $10.
In trading activity, Access Financial lost 50 cents and ended at $20.50 with 10,944 units changing hands, Caribbean Cream lost $1 and ended with 27,603 shares changing hands with a to $7, Caribbean Producers declined by 5 cents in trading 80,161 units to end at $3.70, C2W Music traded 3,057 shares to close at 25 cents. Consolidated Bakeries had 1,300 units changing hands, with the price rising 10 cents to end at $2.60. ICI Jm trd sht 21-10-16Derrimon Trading had 10,000 units changing hands, with the price ending at $4, Honey Bun with 1,000 shares changing hands gained 2 cent and closed at $5.62, ISP Finance traded 27,905 units at a new high of $7.03 after rising 3 cents, Jamaican Teas ended with just 400 shares trading with a rise of 1 cent at $4.01. Knutsford Express ended at $23 with 210 shares changing hands, Lasco Financial rose 5 cents and ended with 450 shares changing hands at $3.10, Lasco Manufacturing rose 3 cents and closed at $4.79 with 68,320 shares trading and Paramount Trading rose 1 cent to close at $24 with 3,243 shares changing hands.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , ,

2016 T-Bill rates slow JSE gains

October 20, 2016 by

TB 10-16Rates on Treasury bill slipped in the latest issues for October with the 91 days instrument coming in at 5.7 percent, down from 5.86 percent in September and the 28 days falling to 5.78 percent a decline from 5.84 percent previously.
The 192 days Treasury bill rate inched up from 5.81 percent to 5.83 percent. The latest rate out turn, comes off changes in rates with the 192 days instrument rate at 5.75 percent February 2013, rising to hit 9.11 percent in March 2014 and been on the decline since, with a few minor hiccups along the way. The trend continues downwards with the rate of decline having slowed markedly with the Bank of Jamaica repo rate set at 5.25 percent since May.
In June, the 192 days rate climbed to 6.01 percent from a 2016 low of 5.73 percent in February, at the same time, the 91 days instrument, fell to 5.65 percent in April and moved up to 5.86 in June and September. The 28 days T-bill fell to a 2016 low of 5.37 percent in April but rose to 5.95 percent in August.
The stock market has been heavily influenced by the decline in interest rates in late 2014 to the end of 2015 has struggled since, with rates being flat in 2016 with a few cases of it having risen.

Filed Under: Economy, Feature Stories, JSE Combined, Money Market, Stock Market Tagged With: , , ,

JSE majors in big fall on Wednesday

October 19, 2016 by

stocks The main market indices of the Jamaica Stock Exchange got clobbered on Wednesday with the all Jamaica Composite Index dropping 2,404.09 points before the close of trading and ended down by with a smaller loss of 1,423.88 at 185,219.39.
The JSE Market Index had dived 2,146.93 points ahead of closing, but clawed back some of the losses, to finish at 166,660.85, having lost 1,273.21 points and the JSE combined index which plunged 2,038.87 points ahead of the close, lost 1,267.83 points to end at 178,971.13 and held a 13 percent for the year to date.
At the close 3,225,271 units valued at $32,690,159 changed hands, compared to 11,005,276 units valued at $189,009,513 changing hands on Tuesday. The junior market accounted for 1,741,347 units trading valued at $9,759,413 of the stocks traded.
The average trade for the day in the main market ended at 59,357 units, compared to an average for the month to date of 121,849 units. On Tuesday, an average of 241,975 units traded with the average for the month to date being 184,341.
ICI -JSE sum -19-10-16The market closed with 38 securities trading as the prices of 16 gained while 13 declined in the overall market, including 6 stocks rising and 5 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 9 stocks with bids higher than their last selling prices and 4 with a lower offer.
In market activity, Barita Investments traded 29,759 shares at $4.65, Cable & Wireless lost 1 cent and closed at 97 cents with 59,590 units trading, Caribbean Cement traded 5,150 shares and rose 50 cents to close at $32, Carreras rose 2 cents to close at $66 with 4,350 units changing hands. Trading in 1834 Investments ended with 4,716 shares changing hands, the price rose 2 cents to close at $1.20, Grace Kennedy closed with 118,515 shares changing hands at $41.55, Jamaica Broilers closed at $14.50 after shedding 1 cent, with 686,211 shares switching owners. Jamaica Producers fell 40 cents to $8 with 78,660 units trading, JMMB Group lost 1 cent in trading 2,665 units to close at $13.99. Mayberry Investments ended with 11,500 shares trading, to close at $3.50 for a fall of 35 cents, ICI -JSE fn Qts -19-10-16Mayberry reported third quarter results after the market closed, with net profit of $59 million or 4 cents per share and $320 million or 27 cents per share year to date. Net asset value amounts to $6.77, inclusive of appreciation in the share value of associated companies. National Commercial Bank traded 21,523 shares to close with a gain of $1 at $44, trading in 138 Student Living 169,160 shares changing hands at $4.70, Pan Jamaican Investments lost 25 cents and closed at $23 after trading 70,432 shares, Portland JSX traded 96,160 units with the price rising by 20 cents to $11.10. Sagicor Group fell $1 with 6,000 shares changing hands and closed at $22.60, Sagicor Real Estate Fund traded 80,169 shares to close at $10.20, Scotia Group lost 95 cents and closed at $30.05 with 19,662 shares changing hands and Scotia Investments lost $2.90 as 2,820 units changed hands to close with at $31.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , ,

Juniors’ volume dips on Wednesday

October 19, 2016 by

Cargo Handlers stock split takes effect Wednesday but the stock did not trade.

Cargo Handlers stock split takes effect Wednesday but the stock did not trade.

Trading on the junior market of the Jamaica Stock Exchange on Wednesday declined from Tuesday’s levels but Honey Bun that traded 1,001,023 units and lost 50 cents to end at $5.60, was the dominant trade. Caribbean Cream fell to $7.55 in the morning session and ended with 236,429 shares changing hands with a loss of 45 cents at $8.80, came just behind.
Market activity resulted in advancing stocks just out pacing declining stocks 6 to 5, with the junior market index falling by 8.47 points to 2,376.31 to be up 33 percent for the year to date.
At the close, 13 securities traded, versus 16 on Tuesday but volume dived 61 percent from Tuesday’s levels, ending with 1,741,347 units changing hands, while value traded, dropped 60 percent to $9,759,413 from $24,376,547, on Tuesday.
ICI Jm sum 19-10-16An average of 133,950 units with an average value of $750,724 traded, compared to 279,498 units with an average value of $1,523,534 on the preceding trading day. The average for the month to date, amounts to 153,343 units at $855,281.
Market activities ended with 3 securities closing with bids higher than their last selling prices and 4 ending with lower offers.
Cargo Handlers 10 for 1 stock split became effective on the junior market today with the adjusted closing price being $9, the stock did not trade on Wednesday.
In trading activity, AMG Packaging ended at $20 with 10,882 units changing hands, Caribbean Producers gained 35 cents in trading 213,166 units to end at $4. Consolidated Bakeries regained 5 cents in trading 12,310 shares to close at $2.50, ICI Jm trd sht 19-10-16Jetcon Corporation had 15,011 units changing hands, with the price rising 20 cents to end at $4.20, KLE Group rose 23 cents with 3,500 shares to close at $1.79, Knutsford Express ended at $23.20 with 159 shares changing hands. Lasco Distributors had 66,250 units trading and closed with a loss of 20 cents at $6.81, Lasco Financial fell 1 cent and ended with 59,737 shares changing hands at $3, Lasco Manufacturing rose 23 cents and closed at $4.98 with 8,021 shares trading. Medical Disposables traded 114,659 shares and dropped 50 cents to close at $4.50 and tTech put on 25 cents in trading 200 shares to close at $5.25.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , ,

Junior’s volume jumps on Tuesday

October 18, 2016 by

Medical Disposables at new closing high.

Medical Disposables at new closing high.

Trading on the junior market of the Jamaica Stock Exchange on Tuesday declined from Friday’s levels. Market activity resulted in advancing stocks over powering declining stocks 6 to 2, pushing the junior market index down by 14.48 points to 2,384.78 to be up 33 percent for the year to date.
At the close, 16 securities traded, versus 14 on Friday but volume surged 1,322 percent from Friday’s levels, ending with 4,471,960 units changing hands, while value traded, leapt 1,578 percent to $24,376,547 from $3,787,554, on Friday. Jamaican Teas accounted for 3,968,532 units valued at $15,874,135 trading to close at $4.
ICI Jm sum 18-10-16 An average of 279,498 units with an average value of $1,523,534 traded, compared to an average of 46,283 units at $270,540 on the previous trading day. The average for the month to date amounts to 155,282 units at $792,648.
Market activities ended with 3 securities closing with bids higher than their last selling prices and 3 ending with lower offers.
In trading activity, Access Financial Services traded 3,000 shares at $21, AMG Packaging ended at $20 with 290,000 units changing hands, Blue Power gained 10 cents and closed with 3,700 units changing hands at $24.50, Cargo Handlers ended with 15,000 shares changing hands at $90, Caribbean Producers gained 3 cents in trading 16,800 units to end at $3.65. Consolidated Bakeries lost 5 cents in trading 3,131 shares to close at $2.45, Dolphin Cove traded 683 shares to end at $12.05, ICI Jm trd sht 18-10-16Jetcon Corporation had 19,610 units changing hands, to end at $4, Knutsford Express ended at $23.20 with 750 shares changing hands, Lasco Distributors had 121,043 units trading and closed with a gain of 1 cent at $7.01, Lasco Financial gained 1 cent and ended with 18,200 shares changing hands at $3.01, Lasco Manufacturing closed at $4.75 with 7,945 shares trading. Medical Disposables traded 1,251 shares and jumped 50 cents to close 52 weeks’ high of $5, Paramount Trading ended with 2,040 shares changing hands at 4 cents higher to close at $23.99 and tTech lost 5 cents in trading 275 shares to close at $5.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , ,

Junior stocks falter on Friday

October 14, 2016 by

AMG Packaging traded at $20 and closed with the bid at $20.51 on Friday.

AMG Packaging traded at $20 and closed with the bid at $20.51 on Friday.

Trading on the junior market of the Jamaica Stock Exchange on Friday declined from Thursday’s levels. Market activity resulted in advancing stocks being over powered by declining stocks 2 to 8, pushing the junior market index down by 28.61 points to 2,399.26 to be up 34 percent for the year to date.
At the close, 14 securities traded, down from 17 on Thursday but volume dropped 61 percent from Thursday’s levels, ending with 647,967 units changing hands, while value traded, declined 65 percent to $3,787,554 from $10,731,708, on Thursday.
ICI Jm sum 14-10-16rMarket activities ended with 7 securities closing with bids higher than their last selling prices and 3 ending with lower offers.
In trading activity, AMG Packaging climbed 50 cents to end at $20 with 20,000 units changing hands, Caribbean Cream fell 13 cents in trading 12,612 units changing hands and closed at $9.25, Caribbean Flavours traded 4,440 shares and lost 20 cents to end at $8.40, Caribbean Producers gained 11 cents in trading 1,200 units to end at $3.62. Dolphin Cove traded 607 shares to end at $12.05, ICI Jm trd sht 14-10-16 General Accident closed trading with 713 units at $2.61,Jetcon Corporation had 48,500 units changing hands, to end at $4, KLE Group ended at $1.56 with 50,000 shares changing hands after dropping 49 cents. Lasco Distributors had 261,424 units trading and closed 25 cents down to $7, Lasco Financial lost 20 cents and ended with 126,557 shares changing hands at $3, Lasco Manufacturing closed with a fall of 25 cents at $4.75 with 76,000 shares trading. Medical Disposables traded 41,444 shares but lost 10 cents to close at $4.50, Paramount Trading ended with 4,170 shares changing hands but lost $1.05 to close at $23.95 and tTech traded 300 shares to close at $5.05.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , ,

Majors march higher on Thursday

October 13, 2016 by

Berger Paints ended at a 52 weeks' closing high on Thursday

Berger Paints ended at a 52 weeks’ closing high on Thursday

Stocks ended trading on the Jamaica Stock Exchange with the main market closing with a gain of 12 percent year to date as the market indices made good gains on Thursday. The market closed with 43 securities trading as the prices of 21 gained while 14 declined in the overall market, including 8 stocks rising and 4 falling, in the junior market.
At the close, the all Jamaica Composite Index climbed 701.19 points to end at a new closing high of 186,753.02, the JSE Market Index jumped 626.99 points to a record close of 168,032.19 and the JSE combined index surge 926.01 points, to end at record high of 180,772.67, up 15 percent for the year to date.
At the close 4,654,511 units valued at $50,143,006 changed hands, compared to 19,800,887 units valued at $274,090,977 changing hands on Wednesday. The junior market accounted for 1,643,799 units valued at $10,731,708 of the stocks traded.
ICI -JSE sum -13-10-16 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 3 with a lower offer.
In market activity, Barita Investments gained 11 cents in trading 20,000 shares at $4.65, Berger Paints traded 2,000 shares and gained 10 cents to close at a 52 weeks’ high of $5.75, Cable & Wireless gained 12 cents and closed at $1.10 with 1,100,206 units trading, Caribbean Cement traded 38,980 shares and lost $1 to close at $32. Carreras had 3,416 shares changing hands at $66 after rising 1 cent, Ciboney traded 114,458 shares gained 1 cents in closing at 22 cents, trading in 1834 Investments ended with 187,165 shares changing hands to close at $1.20, Grace Kennedy lost 20 cents and closed with 1,700 shares changing hands at $41.78. Jamaica Broilers traded 332,665 units but rose 19 cents to close at $14.60, Jamaica Producers lost 25 cents and ended with 97,749 shares changing hands to close at $8, Jamaica Stock Exchange lost 1 cent and ended at $27.99 while trading 14,044 shares, JMMB Group shed $1.48 in trading 9,549 units to close at $13.50. Kingston Properties rose 6 cents in trading 664,191 shares to close at $9.06. Kingston Wharves gained 5 cents in trading 13,000 shares to close at $17.10,ICI -JSE fn Qts -13-10-16 Mayberry Investments traded 82,890 shares to close with a gain 10 cents at $3.60, National Commercial Bank traded 12,600 shares and gained 60 cents to end at $43, Pan Jamaican Investments lost 5 cents to close at $23.25 after trading 35,062 shares. Portland JSX traded 5,000 units with the price rising by 4 cents to end at $11.10, Sagicor Group lost 18 cents in trading 2,328 shares to end at $23.82, Scotia Group gained $1 to close at $31.20 with 868,469 shares changing hands. Scotia Investments had 18,100 units changing hands to close with a 5 cents gain at $30.05, Seprod traded 2,857 shares and lost 90 cents to close at $22.60, Supreme Ventures lost 4 cents and closed at $4.75 with 17,049 shares changing and Proven Investments closed at 20 US cents with 15,625 shares trading.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

Junior stocks jump on Thursday

October 13, 2016 by

Honey Bun was the lead trade with 1 million shares.

Honey Bun was the lead trade with 1 million shares.

Trading volume fell back to more normal levels on the junior market of the Jamaica Stock Exchange on Thursday although Honey Bun had 1,002,000 units changing hands.
Market activity resulted in advancing stocks over powered declining stocks 8 to 4, pushing the junior market index up by 33.53 points to 2,427.87 to be up 36 percent for the year to date.
At the close, 19 securities up from 12 on Wednesday but the trading volume dropped 82 percent from Wednesday’s levels, ending with 1,643,799 units changing hands, while value traded, declined 79 percent to $10,731,708 from $51,520,805, on Wednesday.
ICI Jm sum 13-10-16Market activities ended with 2 securities closing with bids higher than their last selling prices and 4 ending with lower offers.
In other trading activity, Access Financial jumped $2.60 and ended trading with 950 units to end at $21, AMG Packaging dropped 50 cents to end at $19.50 with 12,000 units changing hands, Blue Power closed with 2,678 units changing hands to close at $24.10 after falling 10 cents, Cargo Handlers traded 325 shares at $90. Caribbean Cream closed trading with 386,761 units at $9.38 and fell 62 cents following flat results for the company’s second quarter, after increased revenues were negated by rising administrative cost. Caribbean Producers traded 65,208 units to end at $3.51, Dolphin Cove traded 2,500 shares and lost 95 cents to end at $12.05, General Accident closed trading with 9,576 units at $2.61, ICI Jm trd sht 13-10-16Honey Bun traded 1,002,000 shares and rose 10 cents to $6.10, Jamaican Teas traded 1,886 units to end at $4. Jetcon Corporation gained 20 cents with 87,175 units changing hands, to end at $4, KLE Group ended at $2.09 with 11,300 shares changing hands after rising by 16 cents, Knutsford Express traded just 100 units and gained $1.20 to close at $23.20, Lasco Distributors had 23,350 units trading and closed 25 cents higher at $7. Lasco Financial gained 10 cents and ended with 18,250 shares changing hands at $3.20, Lasco Manufacturing closed with a gain of 1 cent at $5 with 17,440 shares trading and Paramount Trading ended with 2,300 shares changing hands at $25.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , ,