Stock Market — Page 582

NCB share grows 10 times since 2014

December 2, 2018 by IC Insider.com

NCB stock closed at $159.05 on Friday.

NCB Financial stock sold at a record $160 last week for a gain of 60 percent for the year to date. Added to this return, are dividend payments totaling $2.80. While investors are now enthused about the stock pushing to new heights, not so long ago they were not with it selling at just $17.
In November 2014, NCB shares were being sold at $17 on several days but the banking group was about to release record profits of $11.6 billion or earnings per share of $4.73, this compares to EPS of $3.49 in 2013. As late as November 2016, the shares were trading at $46 each, less than 10 times the 2014 profit per share. In just two years since, the stock gained 248 percent plus dividends paid and since late 2014, the capital appreciation is a staggering 941 percent. The truth is that the group is not finished yet delivering for investors. When they take majority ownership in Guardian Holdings investors should see major cost savings from rationalization and increased business with the expanded resources.

NCB Financial hits up on resistance at $160 & may find it difficult to break through to the next level at $200, 25% away.

Long term investors should hold on to their stocks for the big ride ahead to flow from acquisition and the impact that growth in the Jamaican economy will have on the operation.
The stock that traded at $160 this past week is currently trading around resistance level, if it breaks through meaningfully, the next major resistance is at $200 or 25 percent away from current price.

Filed Under: Stock Market, Stocks to watch Tagged With: Emerging markets, Jamaica Stock Exchange, Jamaican Stock, NCB Financial Group

PE ratios continue to rise

December 1, 2018 by IC Insider.com

Treasury bills rates bottomed and have moved back closer in line with the Bank of Jamaica’s overnight rate of 2 percent.
IC Insider.com is forecasting a further increase in T-bill rates to move above 2 percent, this could happen with the December Treasury bill auction.
In the mean time the main market of the Jamaica Stock Exchange has moved on the new record highs, with NCB Financial being the primary mover with the stock closing at $159.05 on Friday. The Junior Market that peaked at an all-time high in October has pulled back with no new price sensitive news to encourage aggressive buying.
The above developments are happening as the PE ratio of the market continues to inch higher. The ratio climbed slowly until June but moved much sharper thereafter, to better reflect the sharp fall in interest rates. The recent inching up of Treasury bill rates appears to have slowed the upward movement in the average PE ratio of the over all market that sits just under 16 currently. The average PE is now ahead of the longer term trend that goes back to 2013, but well below the trend, from late 2015 that suggests that the average PE is headed for 18, that will require a 15 percent rise in stock prices to get there. December is usually a bullish month and so the PE of 18 may be reached by year end or early in 2019.

Filed Under: JSE Combined, Stock Market Tagged With: 182 days Treasury bill, Emerging markets, Jamaica Stock Exchange, junior market, NCB Financial Group, PE Ratios

Most JSE stocks rise indices dip Friday

November 30, 2018 by IC Insider.com

The main market of the Jamaica Stock Exchange, took a break from record making runs with the All Jamaica Index closed a fall of 2,842.30 points to 430,464.92 and the JSE Index declined by 2,589.66 points to close at 392,202.23.
Market activity resulted in 3 securities trading at record highs but ended with 2 securities closing at record highs and one closing at 52 weeks’ low, as 31 securities in the main and US dollar markets changed hands, compared to a 35 on Thursday. At the end, prices of 16 stocks rose, 7 declined and 8 remained unchanged.
The main market ended with 12,946,386 units valued at $522,988,358 changing hands, compared with 9,092,070 units valued at $158,769,688 exchanged, on Thursday.
The main market ended with Jamaica Broilers leading with 8,048,990 units, accounting for 62 percent of the day’s trades, followed by Wisynco Group with 1,699,655 units or 13 percent of the day’s volume and NCB Financial with 1,409,918 units with 10 percent of the day’s trades.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than the last selling prices and 3 closing with lower offers.
Trading resulted in an average of 446,427 units valued at over $18,034,081, in contrast to 284,127 shares valued at $4,961,553 on Thursday. The average volume and value for the month to date, amounts to 405,528 valued at $7,755,942, compared to 403,611 valued at $7,228,391 previously. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In main market activity, Barita Investments rose $3.99 to a record close of $28, trading 2,000 shares, Grace Kennedy climbed $3 in trading of 36,609 shares at $58, Jamaica Broilers gained 55 cents, trading 8,048,990 stock units at $30.55, Jamaica Producers rose 41 cents and finished trading 27,898 units, at $24.51, JMMB Group jumped $2.49 to end at $35, trading 96,088 shares, Mayberry Jamaica Equities jumped 98 cents trading 42,500 shares in closing at $10, NCB Financial Group lost 95 cents to end trading at $159.05 with 1,409,918 shares, PanJam Investment jumped $2.50 to a record $74, with an exchange of 113,647 stock units, Portland JSX lost 79 cents and ended at 52 weeks’ low of $7.01, exchanging 7,642 units, Sagicor Real Estate Fund gained 30 cents to settle at $11.80, exchanging 26,427 shares, Scotia Group traded 71,726 shares and shed $3 to close at $55, Seprod dropped $2.50 trading of 234,387 shares, to close at $30, Sterling Investments rose 30 cents and closed at $5, with 21,174 shares changing hands, Supreme Ventures fell $1.39 to end at $16.95, with an exchange of 60,986 shares and Sygnus Credit Investments gained 44 cents in trading 67,625 units.
Trading in the US dollar market amounted to 44,122 units valued at $8,705 as Proven Investments rose 2 cents and ended trading of 38,222 shares at 22 US cents and Sygnus Credit Investments US dollar based ordinary share traded 5,900 units at 11 US cents. The JSE USD Equities Index closed with a rise of 1.47 to close at 167.68.

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

12 Junior Market stocks fell 7 rose – Friday

November 30, 2018 by IC Insider.com

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Trading on the Junior Market of the Jamaica Stock Exchange traded on Friday with 26 securities changing hands, resulting in an exchange of 4,790,864 units valued at $10,989,252 compared to 4,094,002 units valued at $9,912,290 on Thursday.
At the close of market activities, the prices of 7 securities advanced, 12 declined and 7 remained unchanged resulting in the Junior Market Index advancing 10.83 points to close at 3,182.33.
Trading ended with an average of 184,264 units for an average of $422,664 in contrast to 178,000 units for an average of $430,969 on Thursday. The average volume and value for the month to date amounts to 190,475 units valued at $653,358 and previously 190,807 units valued at $666,313. October, ended with an average of 69,421 units valued at $347,455 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 4 with lower offers.
At the close of the market, Access Financial closed trading with 3,564 shares changing hands and jumped $5 to end $50.50, AMG Packaging ended with a loss of 15 cents at $1.80, with an exchange of 200,000 stock units, Blue Power concluded trading of 1,993 units at $5.45, Caribbean Cream traded 2,680 shares at $5.30, Caribbean Flavours traded 10,000 stock units with a loss of $1.01 to close at $19. Caribbean Producers ended trading of 10,642 units at $5.35, Derrimon Trading ended with a loss of 5 cents at $2.80, with 59,322 shares changing hands, Dolphin Cove concluded trading of 5,000 shares, with a loss of 1 cent to close at $15, Eppley settled with a loss of 10 cents at $9, with trading in 6,005 units. Everything Fresh traded 44,200 shares after rising 4 cents to close at $1.55, Express Catering ended trading 26,201 shares, with a loss of 90 cents at $7.10, FosRich Group traded just 530 shares at $4.05, General Accident finished 25 cents higher at $3.50, trading 400 shares, Honey Bun ended with a loss of 65 cents at $3.50, with 478,285 units after hitting a 52 weeks’ low of $3.10. Indies Pharma rose 10 cents in trading 38,957 shares to close at $3.10, Jamaican Teas settled with a loss of 60 cents at $3.80, in exchanging 246,589 shares, Jetcon Corporation ended trading 11,890 stock units, with a loss of 1 cent at $3.99, KLE Group lost 50 cents to end at $3.50, exchanging 17,410 shares, Knutsford Express closed at $11.51, with 4,152 shares changing hands. Lasco Distributors ended at $3.80, with 25,750 shares traded, Lasco Financial concluded trading of 19,617 stock units, with a loss of 15 cents at $5. Lasco Manufacturing finished with a loss of 10 cents at $3.40, trading 13,600 units, Main Event settled 35 cents higher at $6.45, with 2,152 shares changing hands. Medical Disposables ended trading of 2,900 shares at $6.20, SSL Venture Capital rose 2 cents in trading 3,547,275 shares to end at $1.76 and Stationery and Office gained 32 cents to end at $8.52, with 11,750 stock units changing hands.

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

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

SagicorFinancial & NCB at year’s high

November 30, 2018 by IC Insider.com

NCB trades at record TT$8 or J$152 on the TTSE on Friday.

Sagicor Financial jumped 75 cents and NCB Financial Group 90 cents to close at a at 52 weeks’ highs and drove up the Trinidad & Tobago Stock Exchange up the cross listed and combined indices relatively sharply on Friday.
NCB Financial in jumping on Friday, is now priced in line with the close price in Kingston, now around $159. At close of the market the Composite Index climbed 22.82 points to 1,278.09. The All T&T Index declined 0.52 points to 1,691.10, while the Cross Listed Index gained 6.40 points to close at 116.79.
Market activity on the Trinidad & Tobago Stock Exchange ended on Friday with trading in 12 securities against 20 on Thursday, with 5 advancing, 1 declining and 6 remaining unchanged.
Trading ended with 611,620 shares at a value of $5,060,996, compared to 971,081 shares at a value of $36,439,815 on Thursday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 1 stock with the bid lower than the last selling price and 2 with lower offers.
Stocks closing with gains| First Caribbean International Bank closed trading of 1,270 units with a gain of 5 cents to end at $8.05, JMMB Group gained 5 cents and completed trading at $1.75, after exchanging 141,281 shares, NCB Financial Group ended trading of 169,650 shares after jumping 90 cents and ended at a record $8, Republic Financial Holdings gained 26 cents to $107.26, after exchanging 251 shares and Sagicor Financial ended trading with a jump of 75 cents and settled at 52 weeks’ high of $10, with 283,131 stock units changing hands.
Stocks closing with losses| Prestige Holdings fell 15 cents and concluded at trading at $7.35, with 903 units exchanged.
Stocks closing firm| Clico Investments settled at $20.20, with 764 stock units changing hands, First Citizens ended at $32.76, after exchanging 5,577 shares, Grace Kennedy settled at $3, with 1,495 stock units changing hands, Scotiabank concluded trading of 500 units at $64.66, Trinidad & Tobago NGL ended at $29.12, after exchanging 6,152 shares and West Indian Tobacco concluded market activity at $95, with 646 units changing hands.

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

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

12 Junior Market stocks rise 7 fall – Thursday

November 29, 2018 by IC Insider.com

Trading on the Junior Market of the Jamaica Stock Exchange ended trading on Thursday with 23 securities changing hands, resulting in an exchange of 4,094,002 units valued at over $9,912,290 compared to 2,866,572 units valued at $7,184,147 on Wednesday from 24 securities.
The day’s volume was swollen by 2.53 million units of SSL Venture Capital, the other development of note is that Key Insurance that traded 568,000 million units with a bid for 949,000 units on the bid at $4.15.
At the close of market activities, the prices of 12 securities advanced, 7 declined and 4 remained unchanged. The Junior Market Index declined by 6.94 points to close at 3,171.50.
Trading ended with an average of 178,000 units for an average of $430,969 in contrast to 119,441 units for an average of $299,339 on Wednesday. The average volume and value for the month to date amounts to units 190,807 units valued at $666,313 and previously 191,443 units valued at $657,797. October, ended with an average of 69,421 units valued at $347,455 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 5 with lower offers.
At the close of the market, Access Financial ended with a loss of $4 at $45.50, trading 1,274 shares, AMG Packaging ended 5 cents higher at $1.95, with 208,388 stock units trading, Cargo Handlers settled $1.10 higher at $14, with 1,000 shares changing hands, Caribbean Cream ended trading 8,362 shares after rising 5 cents to end at $5.30, Caribbean Producers finished trading of 22,287 units with a loss of 9 cents at $5.35. Consolidated Bakeries closed at $2.14, with an exchange of 21,635 shares, Derrimon Trading ended 35 cents higher at $2.85, swapping 7,500 shares, Elite Diagnostic finished 6 cents higher at $3.11, with 17,449 stock units being exchanged, Everything Fresh traded 109,600 shares after falling 4 cents and closed at $1.51, Express Catering ended trading 6,340 shares at $8. GWest Corporation closed with a loss of 3 cents at $1.55, trading 12,000 stock units, Honey Bun ended 15 cents higher at $4.15, with 58,500 units changing hands, Indies Pharma traded 137,347 shares in closing at $3, Jamaican Teas settled 40 cents higher at $4.40, in exchanging 5,530 shares, Jetcon Corporation ended trading 52,959 stock units and rose 50 cents to close at $4. Key Insurance traded 15 cents higher at $4.15, with 568,144 units changing hands, Lasco Distributors ended with a loss of 10 cents at $3.80, with 232,796 shares trading, Lasco Financial concluded trading of 18,200 stock units and rose 15 cents to $5.15, Lasco Manufacturing finished 2 cents higher at $3.50, with 51,893 units. Medical Disposables ended trading of 100 shares at $6.20, SSL Venture Capital fell 6 cents in trading 2,526,362 shares to end at $1.74, Stationery and Office finished trading 24,738 stock units and declined $1.20 to close at $8.20, and tTech ended 30 cents higher at $5.30, with 1,598 shares changing hands.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Cargo Handlers, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Elite Diagnostic, Emerging markets, Eppley, Everything Fresh, Express Catering, GWest, Honey Bun, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Stationery and Office, Trading Activity, tTech

SagicorFinancial jumps to new 52 weeks’ high again

November 29, 2018 by IC Insider.com

Sagicor Cayman

Sagicor Financial having jumped $1.05 to close at a at a 52 weeks’ high on the Trinidad & Tobago Stock Exchange on Wednesday it followed up on Thursday by climbing a further $1.20 to a new 52 weeks’ high of $9.25 but with limited trading volume.
NCB Financial was another stock to close at a 52 weeks’ high and ended trading at $7.10 or the equivalent of J$136, well below the close of $160 in Kingston.
At close of the market the Composite Index climbed 8.87 points to 1,255.27. The All T&T Index rose 5.04 points to 1,691.62, while the Cross Listed Index gained 1.75 points to close at 110.39.
Market activity on the Trinidad & Tobago Stock Exchange ended on Thursday with trading in 20 securities against 13 on Wednesday, with 9 advancing, 1 declining and 10 remaining unchanged.
Trading ended with 971,081 shares at a value of $36,439,815, compared to 668,606 shares on Wednesday valued at $17,580,480.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 1 stock with the bid lower than the last selling price and 2 with lower offers.
Stocks closing with gains| Angostura Holdings concluded trading and rose 1 cent and ended at $15.80, with 168,000 stock units changing hands, Clico Investments added 20 cents and ended at $20.20, with 2,452 stock units trading, LJ Williams B share increased 5 cents and settled at 75 cents, after exchanging 230,000 shares, Massy Holdings gained $1 with an exchange 31,185 shares at $45, National Enterprises rose 45 cents and ended at $7.95, with 2,889 stock units changing hands, NCB Financial Group closed with a gain of 10 cents and settled at a 52 weeks’ high of $7.10, after exchanging 1,000 shares, Prestige Holdings gained 15 cents and completed trading at $7.50, with 1,345 units, Sagicor Financial rose $1.2o to end at 52 weeks’ high of $9.25, with 2,222 stock units changing hands and Trinidad & Tobago NGL finished trading with a gain of 1 cent at $29.12, after exchanging 125,510 shares.
Stocks closing with losses| Scotiabank was the sole stock closing lower at the end of trading as the price fell 8 cents and completed trading 91,940 units at $64.66.
Stocks trading firm|Ansa Mcal completed trading with 77,000 units at $55, Ansa Merchant Bank settled at $38.26, after exchanging 38,784 shares, First Citizens closed at $32.76, in exchanging 21,045 shares, Guardian Holdings completed trading 8,773 units at $18.01, JMMB Group concluded trading at $1.70, after exchanging 3,000 shares, One Caribbean Media ended at $10.99, with 1,025 shares changing hands, Republic Financial Holdings concluded trading at $107, after exchanging 80,885 shares, Trinidad Cement closed at $2.62, trading 7,766 shares, Unilever Caribbean ended at $23, with 10 stock units changing hands and West Indian Tobacco completed trading 76,250 units at $95.

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

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, Ansa Mcal, Ansa Merchant Bank, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, National Enterprises, NCB Financial Group, One Caribbean Media, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, West Indian Tobacco

All Jamaica hits record 433,000 points

November 29, 2018 by IC Insider.com

NCB trade at a record high of $160.

NCB Financial traded just over 24,000 shares up to 12.30 PM, but jumped to a record $160 to help push the JSE All Jamaican Composite Index by 14,736.82 points to a record high of 433,224.81 and the JSE index up by 13,426.91 points to 394,716.91.
The market opened up at the start of trading with gains of 1,433.80 points for the all Jamaica and 1,306.36 for the JSE index.
The opening high follows Wednesday’s trading when the JSE All Jamaican Composite Index closed at a new all-time high of 418,487.99 and JSE Index ended at 381,289.90.
Barita Investments traded at a new high of $24.01 to more than double in value for the year so far, PanJam Investment traded at $72, Sagicor Group at $51.95 haven risen sharply to a record high, but the bid is at $55 to buy 49,301 shares, Scotia Group trades at $60 and Seprod at $33.65.
The junior market continues under some selling pressure is not sharing in the strong gains of the more matured companies and declined by 20.08 points to 3,158.36.

Filed Under: Breaking News, JSE Combined, Stock Market Tagged With: Daily Trading, Emerging markets, Jamaica Stock Exchange, Jamaican Stock, NCB Financial Group, Sagicor Group, Scotia Group

All Jamaica hits record 427,000 points

November 29, 2018 by IC Insider.com

The main market of the Jamaica Stock Exchange, has scaled several new highs this trading on Thursday morning on its record run that resulted in the JSE All Jamaican Composite Index hitting a record high of 426,298.79 points after rising 7,810.80 and the JSE index gaining 7,116.53 to 388,406.43 after just 51 minutes into the trading day.
The All Jamaica Composite Index has since broken the 427,000 points mark. The market opened up at the start of trading with gains of 1,433.80 points for the All Jamaica Composite Index and 1,306.36 for the JSE Index.
The opening high follows Wednesday’s trading when the JSE All Jamaican Composite Index closed at a new all-time high of 418,487.99 and JSE Index ended at 381,289.90.
Barita Investments traded at a new high of $24.01 to more than double for the year so far, NCB Financial now trades at $150 and Sagicor Group at $51.92 haven risen sharply to a record high, Scotia Group trades at $60..
The Junior Market continues under some selling pressure is not sharing in the strong gains of the more matured companies and declined by 8.22 a point to 3,170.22.

Filed Under: Breaking News, JSE Combined, Stock Market Tagged With: Barita Investments, Daily Trading, Emerging markets, Jamaica Stock Exchange, Jamaican stocks, NCB Financial Group, Sagicor Group, Scotia Group

All Jamaica hits record 424,461 points

November 29, 2018 by IC Insider.com

The main market of the Jamaica Stock Exchange, gained in early trading on Thursday and now trades at a record high of 424,461.33 points after rising 5,973.34 while the JSE index rose 5,442.39 to now sit at 386,732.29 after just 15 minutes into the trading day.
The market opened up at the start of trading with gains of 1,433.80 points for the All Jamaica and 1,306.36 for the JSE Index.
The opening high follows Wednesday’s trading when the JSE All Jamaican Composite Index closed at a new all-time high of 418,487.99 and JSE Index ended at 381,289.90.
Barita Investments traded at a new high of $24 to more than double for the year so far, NCB Financial now traded up to$150 and Sagicor Group at $47.
The Junior Market continues under some selling pressure is not sharing in the strong gains of the more matured companies and declined by less than a point to 3,177.54.
Since posting the stroy the main market has moved higher with Sagicor Group trading at $51.95.