Investors shun Junior stocks for the oldsters

Black Panther mash up Palace bottom-line with a huge increase in profit that pushed to stock to no 1 for 2018 in the main market.

Investors shunned Junior Market stocks in 2018 for the older more established Main market stocks. At least that is what the data from the exchange is showing.
According to the Jamaica Stock Exchange report of trading to the end of July, volume and value on the main market is up while that on the junior market is well down on 2017 figures, even as the gains in the overall market shows juniors up 14 percent for the year to the end of July and 9 percent for the main market.
Junior Market volume is down year to July by a stunning 69 percent to 571 million units while the value fell 64 percent to $2.69 billion, less than half of the $6.6 billion traded for all of 2017. In contrast main market stocks traded 1.57 billion units, up 28.5 percent over 2017, for a total value of $32 billion, a strong 79.4 percent increase over 2017 and just shy of the $35.7 million traded for all of 2017.
The big winners for the year to July are, Palace with an increase of 154 percent, that was helped by the huge success of the Black Panther film that ran for several months, Pulse Investments up 67 percent, Kingston Wharves 60 percent, Jamaica Broilers 45 percent and Salada Foods 41 percent, as investors responded to improved profit. In the Junior Market, C2W Music and Derrimon Trading beat all others by huge margins, rising 233 percent after it announced a 10 to 1 stock split and 197 percent respectively. Express Catering climbed 86 percent, Stationery and Office Supplies up 65 percent and CAC 2000 up 51 percent.
The big losers in the main market are, Ciboney, having sold off the property it owned and paid out most of the proceeds as a dividend is down 68 percent, 138 Student Living fell 35 percent, Kingston Properties 31 percent, Wisynco Group 24 percent, Portland JSX 20 percent and in the Junior Market, GWEST Corporation down 36 percent, AMG Packaging 33 percent, tTech 23 percent, Knutsford Express 23 percent and Eppley 17 percent.

JSE main market index slips again – Thursday

The JSE main market slipped slightly at the close of trading on Tuesday with advancing stocks being outnumbered by a wide margin with declining prices, for the second day.
At the close, the All Jamaican Composite Index slipped 78.81 points to 325,657.17 and the JSE Index declined 71.81 points to close at 296,710.48. as 26 securities changed hands, resulting in 6 advancing, 13 declining and 7 remaining firm. Salada Foods closed trading at a new high of $15.
Market activity resulted in 28,791,979 units valued at $527,232,319 versus 13,526,719 units valued at $293,683,413 trading on Tuesday.
In market activity, Carreras rose 7 cents and finished at $10.60, with 202,080 shares, Caribbean Cement settled at $37.50, with 23,652 shares, Ciboney Group lost 1 cent and ended trading at 12 cents, with 425,941 shares, Grace Kennedy declined 75 cents to $47.75, with 32,133 stock units trading, Jamaica Broilers finished trading at $19.26, with 22,755,531 units changing hands but dropped $2.34 in the process. Jamaica Producers gave up 14 cents in closing at $16.56, with 4,000 shares, Jamaica Stock Exchange inched up by 1 cent and ended at $7.50, with 25,570 shares, JMMB Group concluded trading at $27.50 after inching down 10 cents as 959 stock units changed hands, Kingston Wharves settled at $48.70, with 3,570 units. Mayberry Investments ended trading at $6.01, falling 9 cents with 95,320 shares, NCB Financial Group traded at $95, with 342,566 shares, 1834 Investments finished trading at $1.08, with 116,281 units trading, 138 Student Living ended trading at $5.10, with 10,000 shares, PanJam Investment ended at $45.20, with 35,105 units. Pulse Investments rose 18 cents and finished at $1.78, with 50,000 shares trading, Radio Jamaica rose 1 cents and settled at $1.31, with 150,000 shares, Sagicor Group dropped $1.50 and ended trading at $36.50, with 81,902 stock units and Sagicor Real Estate Fund finished trading 25 cents higher at $14.75, with 25,793 stock units. Salada Foods traded 10 cents higher to end at a 52 weeks’ high of $15, with 13,000 units. Scotia Group fell $138 to close at $49.25, trading only 763 shares, Seprod concluded trading with a loss of $1 to end at $35, with 7,688 stock units, Supreme Ventures settled for a 40 cents loss to close at $12.60, with 3,202,706 shares, Victoria Mutual Investments fell 7 cents, ending trading at $4.10, with 77,137 shares and Wisynco Group traded at $9.80, after falling by 20 cents with 360,903 shares. In the main market preference segment, JMMB Group 7.25% ended at $2, with 25,000 shares and JMMB Group 7.5% finished with a loss of 5 cents to end at $1, as 724,379 stock units changed hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Broilers pushes JSE volume again – Thursday.”

NCB dominates JSE trading – Thursday

NCB dominated trading with 35 million shares.

NCB Financial Group dominated trading on Tuesday on the main market of the Jamaica Stock Exchange with an exchange of 35,067,960 units accounting for 89.56 percent of the volume traded with the price rising 85 cents to $97.85.
Trading activity resulted in 39,156,142 units valued at over $3,462,726,542 compared to 14,312,143 units valued at $130,374,672 trading on Thursday.
The market that enjoyed several record closes during the month ended on Tuesday The main market closed with 23 securities changing hands, 9 securities rose, 9 declined and 5 trading firm, as the JSE All Jamaican Composite Index lost 923.48 points to end at 328,725.38 and the JSE Index declined 841.39 points to a record close of 299,505.97.
In market activity, Barita Investments gained 49 cents and closed at $10.49, with 2,046 shares, Berger Paints jumped $2 to end at $22, with 38,452 stock units trading, Carreras rose 7 cents and concluded trading at $10.72, with 608,357 units, Caribbean Cement lost 40 cents and finished at $37.60, with 12,424 shares, Ciboney Group settled at 11 cents, with 722,522 shares. Grace Kennedy ended trading at $49, with 15,229 shares, Jamaica Broilers lost 1 cent to trade at $20.49, with 14,967 stock units, Jamaica Producers gained 20 cents and finished trading at $17, with 22,818 units, Jamaica Stock Exchange closed at $6.85, with 50,000 shares. JMMB Group ended at $27, with a rise of 30 cents trading with 41,032 shares, Kingston Wharves dropped $1.75 and finished at $48.05, with 7,385 stock units changing hands, Mayberry Investments settled at $6.13, with 299,826 units, NCB Financial Group ended trading at $98.75, with 35,067,960 shares. 138 Student Living fell 35 cents to settle at $5.15, with 10,000 units, PanJam Investment rose 25 cents and closed at $44.45, with 16,280 stock units, Radio Jamaica rose 1 cents and finished at $1.08, with 108,713 shares, Sagicor Group settled at $38, after falling 50 cents with 91,191 shares and Sagicor Real Estate Fund lost 50 cents and settled at $14.50, with 22,460 shares. Scotia Group lost 25 cents and closed at $49.75, with 82,208 units. Sterling Investments closed at $13.00, with 522 shares, Supreme Ventures fell 15 cents and ended at $11.85, with 148,791 shares, Victoria Mutual Investments rose 4 cents and concluded trading at $4.30, with 166,533 stock units and Wisynco Group rose 5 cents to settle at $10.55, with 1,606,426 units.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE main market trades at record high – Tuesday.”

Gains exceed losses but indices drop

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Scotia Group’s stock price jumps $3.74 on Thursday

In trading on the Main Market of the Jamaica Stock Exchange on Thursday, the All Jamaican Composite Index dropped 2,129.59 points to 304,965.84 and the JSE Index dived 1,940.29 points to 277,858.36.
Trading ended with 21 securities changing hands, of which 9 advanced, 4 declined and 8 traded firm.
Trading jumped to 171,582,338 units valued at $1,664,149,762 compared to 1,811,480 units valued at $72,434,801 from 27 Securities on Wednesday. Supreme Ventures traded 168.7 million units to dominate market activities after accounting for 98.3 percent of volume traded.
An average of 8,170,588 units for an average of $79,245,227 traded, in contrast to 67,092 units for an average of $2,682,770 on Wednesday. The average volume and value for the month to date amounts to 758,238 units valued at $10,351,426 and previously, 290,793 units valued at $5,669,323. In contrast, November closed with average of 349,084 units at an average of $5,801,440 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Trading in the US dollar market, ended with Proven Investments US ordinary share having 50,000 units changing hands at 22 US cents and Sterling Investments exchanging just 100 units and rising moderately in price to 0.1221 US cents from 0.12 cents. The total value of trading amounted to US$11,012 with the US dollar Equities Index closing 2.24 points down, at 169.22.
The major movers at the close are, JMMB Group lost 90 cents in trading 1,905,342 shares, Kingston Wharves gaining $1 and NCB Financial Group closing $1.49 lower, but Scotia Group jumped $3.74.

For more details of market activities see – “Supreme Ventures in big Thursday trade .”

JSE makes big gains on Wednesday

Trading on the Main Market of the Jamaica Stock Exchange led to sharp gains in the market indices, with the JSE All Jamaican Composite Index surging 1,929.83 points to 307,095.43 and the JSE Index climbing 1,758.29 points to close at 279,798.65 as the year-end rally continues.
At the close of trading, Main market activity ended with 27 securities changing hands, 12 advanced, 9 declined and 3 traded firm with 1,811,480 units valued at $72,434,801 compared to 2,309,034 units valued at $75,261,191 on Tuesday from 20 securities changing hands. At the close 138 Student Living ended at a 52 weeks’ high of $6.08.
Trading ended with an average of 67,092 units for an average of $2,682,770 in contrast to 109,954 units for an average of $3,583,866 on Tuesday. The average volume and value for the month to date amounts to 290,793 units valued at 5,669,323 and previously, 310,531 units valued at $5,955,270. In contrast, November closed with average of 349,084 units at an average of $5,801,440 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Traded in the US dollar market ended with Productivity Business Solutions US ordinary share having 2,650 units changing hands valued at US$1,471 in closing at 55 US cents, after falling by 2 cents, with the JSE USD Equities Index closing 1.38 points down at 171.46.
The major movers at the close, are Berger Paints rising 90 cents Jamaica Broilers ending with a fall of 90 cents, JMMB Group dropping by $1.10, Kingston Wharves gaining $1 and NCB Financial Group closing $1.01 higher.
For more details of market activities see – “Rising JSE stocks edged out decliners.”

12 stocks fall 7 advanced on JSE – Wednesday

The main market of the Jamaica Stock Exchange closed on Wednesday with 27 securities changing hands, of which 7 advanced, 12 declined and 8 traded firm leading to 4,352,178 units valued at $47,081,186 changing hands.
Trading on the Main Market resulted in JSE All Jamaican Composite Index diving 2,437.39 points to close at 311,767.62 and the JSE Index plunging by 2,220.74 points to close at 284,055.57.
In main market activity, Berger Paints finished 50 cents higher at $17, with 82,690 shares, Cable & Wireless settled at $1, with 20,426 shares, Caribbean Cement ended trading with a loss of 7 cents at $32.01, with 24,991 stock units. Carreras traded $1.48 higher at $11.50, with 195,612 units, Ciboney Group finished trading with a loss of 1 cent at 26 cents, with 1,205,302 shares, Grace Kennedy closed at $43, with 38,847 shares, Jamaica Broilers fell 50 cents to $18.40, with 1,141,656 stock units. Jamaica Producers concluded trading at $15, with 103,005 units, Jamaica Stock Exchange finished 2 cents higher at $7.02, with 1,952 shares, JMMB Group settled with a loss of 45 cents at $28.05, with 88,942 shares, Mayberry Investments finished trading with a loss of 30 cents at $5, with 142,076 shares. NCB Financial Group closed with a loss of $2 at $97.50, with 48,675 shares, 1834 Investments ended at $1.30, with 13,000 stock units, 138 Student Living closed 5 cents higher at a 52 weeks’ high of $6.05, with 1,500 shares, PanJam Investment concluded trading with a loss of 49 cents at $41.50, with 21,728 units, Pulse Investments settled at $1.80, with 126,800 shares, Radio Jamaica ended trading with a loss of 1 cent at $1.09, with 52,970 stock units. Sagicor Group traded with a loss of $1 at $36.50, with 13,678 units, Sagicor Real Estate Fund fell $1 to $14, with 29,497 shares, Salada Foods jumped $2.30 to $10.80, with 16,250 shares, Scotia Group gained 23 cents to end at $52.50, with 8,897 stock units and Supreme Ventures settled with a loss of 55 cents at $10.50, with 745,984 shares. In the main market preference segment, JMMB 7.25% traded just 500 units to close at $2.49, JMMB Group 7.25% ended at $1.50 with only 200 units, JMMB Group 7.5% preference share ended trading at $1.10, with 50,000 stock units, Proven Investments 8.25% preference share traded 177,000 units and rose 30 cents to $5.50. Proven Investments traded 750 ordinary shares in the US dollar market at 20 US cents after slipping 4 cents.

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

3,469 points chopped off JSE index

The JSE All Jamaican Composite Index sank 3,468.82 points to close at 313,564.81 on Thursday and the JSE Index dived by 3,160.49 points to close at 285,693.01 as just 3,755,947 units valued at $24,471,583 changed hands, with the prices of 8 stocks falling.
The market is in a tussle as it tries break clear of the resistance zone, resulting in the market moving up and down as investors fight to trade stocks at the best price they can. The bulls clearly have the upper hand supported by fundamentals and technical support.
In the main activity, Barita Investments finished trading at $8, with 6,852 units, Berger Paints settled $1 higher at $16, with 72,420 shares, Cable & Wireless ended trading with a loss of 8 cents at 97 cents, with 531,733 shares, Caribbean Cement ended 99 cents higher at $33, with 4,350 stock units. Carreras ended trading with a loss of 9 cents at $11.41, with 243,091 units, Ciboney Group closed 2 cents higher at 22 cents, with 1,594,730 shares traded, Grace Kennedy traded at $43, with 6,370 shares, Jamaica Broilers rose 43 cents to $18.99, with 10,730 stock units. Jamaica Producers finished trading with a loss of 40 cents at $15.55, with 12,800 units, Jamaica Stock Exchange finished at $7, with 36,100 shares, JMMB Group closed with a loss of 50 cents at $26.50, in trading 45,350 shares, Kingston Wharves ended at $33, with 5,284 units. Mayberry Investments finished 75 cents higher at $5.80, with 45,017 shares, NCB Financial Group finished trading with a loss of 50 cents at $103.50, with 66,396 shares, 1834 Investments finished with a loss of 11 cents at $1.30, with 21,848 stock units, PanJam Investment traded with a loss of 40 cents at $41.60, with 43,458 units, Pulse Investments settled with a loss of 5 cents at $1.75, while trading 41,073 shares. Radio Jamaica finished trading 3 cents higher at $1.13, with 62,694 stock units, Sagicor Group ended trading with a loss of $2 at $36, with 87,792 units, Sagicor Real Estate Fund finished at $15, with 7,620 shares, Scotia Group ended at $52, with 28,752 stock units and Supreme Ventures settled 30 cents higher at $11.80, exchanging 204,713 stock units. In the main market preference segment, JMMB Group 7.5% ended with a loss of 5 cents at $1.90, with 576,774 stock units.
Prices of securities trading for the day are those at which the last trade took place.

Main market index dives

The main market with fell sharply as 8,130,384 units valued at $56,308,791 traded on Wednesday. 23 securities changed hands, 8 advanced, 10 declined and 3 traded firm leading to the All Jamaican Composite Index diving 2,309.99 points to 317,033.63 and the JSE Index dropping 2,104.66 points to 288,853.50.
In the main market activity, Barita Investments ended trading with a loss of 30 cents at $8, with 549,876 units changing hands, Berger Paints closed with a loss of $1.25 at $15, with just 4,757 shares, Cable & Wireless concluded trading with a loss of 3 cents at $1.05, with 1,676,000 units, Caribbean Cement finished trading with a loss of 99 cents at $32.01, with 1,900 stock units, Carreras traded 50 cents higher at $11.50, with 124,283 shares. Ciboney Group ended 1 cent higher at 20 cents, with 451,323 units, Grace Kennedy settled $1.50 higher at $43, with 54,448 shares trading, Jamaica Broilers ended trading 6 cents higher at $18.56, with 4,258 stock units, Jamaica Producers rose 85 cents to $15.95, with 128,472 units. Jamaica Stock Exchange ended 20 cents higher at $7, with 152,521 shares, JMMB Group concluded trading with a loss of $2 to $27, with 333,294 stock units, Mayberry Investments finished trading with a loss of 45 cents at $5.05, with 2,020 shares, NCB Financial Group ended at $104, with 197,658 shares. PanJam Investment traded with a loss of $1 at $42, while trading 88,396 units, Pulse Investments settled at $1.80, with 55,231 shares, Radio Jamaica traded with a loss of 3 cents at $1.10, with 554,984 stock units, Sagicor Group ended $3.40 higher at $38, with 2,300 units. Sagicor Real Estate Fund fell 45 cents to end at $15, with 16,082 shares, Scotia Group ended trading $1 higher at $52, with 62,403 stock units, Seprod finished trading at $30, with 2,504 units and Supreme Ventures concluded trading with a loss of 30 cents at $11.50, with 127,554 shares.
In the main market preference segment, JMMB Group concluded trading at $1.10 with 3,540,000 stock units and Proven 8.25% share traed 120 units at $5.20. In the US equity market, Productivity Business Solutions traded 3,921 shares at 57 US cents after falling 0.51 cents and Proven Investments fell 2 cents in trading 398 ordinary shares at 21 US cents. JMMB Group 6% US dollar preference share traded at $1.121 US cents with 11,000 stock units.
Prices of securities trading for the day are those at which the last trade took place.

Profit taking hits majors – Tuesday

NCB Financial Group dropped $3 to help pull JSE down.

With most companies having reported earnings for the third quarter the Main Market of the Jamaica Stock Exchange failed to be inspire investors to buy into the stocks aggressively, leading profit taking in a number of stocks on Tuesday, with prices mostly falling.
At the end of trading to market closed with a total of 23 securities changing hands with 5 advancing, 11 declining and 7 traded firm as 17,396,748 units valued at $218,089,928 changed hands.
Market activity concluded with a fall in the All Jamaican Composite Index by 1,833.47 points to 319,343.62 and a dip in the JSE Index by 1,670.50 points to close at 290,958.16.
In market activity, Barita Investments finished with a loss of 55 cents to end at $8.30, in exchanging 5,860 units, Berger Paints closed $1.25 higher at $16.25, with 30,850 shares, Cable & Wireless settled 3 cents higher at $1.08, with 1,502,200 shares. Carreras closed with a loss of 50 cents at $11, trading 130,758 units, Grace Kennedy settled with a loss of 51 cents at $41.50, with 51,585 shares, Jamaica Broilers ended at $18.50, with 16,125 stock units, Jamaica Producers concluded trading with a loss of 45 cents at $15.10, with 26,605 units. Jamaica Stock Exchange fell 10 cents to $6.80, with 14,785 shares, JMMB Group concluded trading 10 cents higher at $29, with 39,907 shares, Kingston Properties traded 6,096 stock units at $8, Kingston Wharves concluded trading at $33, with 9,767 units. Mayberry Investments traded 50 cents higher at $5.50, with 236,821 shares, NCB Financial Group dropped $3 to $104, with 79,253 shares, 1834 Investments concluded trading with a loss of 7 cents at $1.41, with 115,372 stock units, 138 Student Living ended trading at $6, with 10,000 shares, PanJam Investment finished trading 50 cents higher at $43, with 20,683 units, Pulse Investments finished with a loss of 20 cents at $1.80, exchanging 8,688 shares. Sagicor Group traded 1,145,023 units with a loss of $2.90 to end at $34.60, Sagicor Real Estate Fund concluded trading with a loss of 35 cents at $15.45, with 17,074 shares, Scotia Group finished with a loss of 50 cents at $51, with 84,315 stock units, Seprod finished at $30, with 3,792 units and Supreme Ventures traded 13,741,689 shares to settled at $11.80. In the main market preference segment, Jamaica Money Market Brokers finished trading at $1.85 with 99,500 stock units and in the US equity market, Proven Investments traded 1,369 ordinary shares and lost 1 US cents to end at 22 US cents.
Prices of securities trading for the day are those at which the last trade took place.

JSE Main market bounces – Monday

Stocks rising and falling were equal at 8 each at the close of trading when the main market of the Jamaica Stock Exchange closed on Monday, with the All Jamaican Composite Index gaining 447.76 points to 321,177.09 and the JSE Index advanced 407.96 points to close at 292,628.66.
Trading ended with 13,891,915 units, valued at $50,338,524 from 22 securities traded in the main market and 42,934 units trading in the US dollar market.
In the main market activity, Barita Investments ended trading with 1,500 shares and lost 3 cents to close at $8.85, Caribbean Cement climbed $1.99 to $33, with 8,450 stock units, Carreras finished at $11.50, with 219,803 units changing hands, Ciboney Group settled 2 cents higher at 19 cents with 2,000 shares. Grace Kennedy finished with a loss of 49 cents at $42.01, while 262,427 shares traded, Jamaica Broilers finished at $18.50, with 4,795 stock units, Jamaica Producers ended trading 35 cents higher at $15.55, with 68,270 units, Jamaica Stock Exchange ended with a loss of 9 cents at $6.90, with 9,200 shares trading. JMMB Group fell $1.60 to $28.90, with 159,108 shares, Kingston Wharves closed 50 cents higher at $33, trading 56,819 units, Mayberry Investments concluded trading at $5, with 111,745 shares, NCB Financial Group ended with a loss of $1 at $107, with 50,770 stock units changing hands. PanJam Investment ended trading with a loss of 50 cents at $42.50, in exchanging 8,200 units, Pulse Investments rose 20 cents to end at $2, with 330,544 shares, Radio Jamaica closed at $1.13, with 3,636 stock units, Sagicor Group ended with a loss of 50 cents at $37.50, and exchanging 135,061 units. Sagicor Real Estate Fund closed 80 cents higher at a new record high of $15.80, with 3,300 shares, Scotia Group lost 36 cents at $51.50, with 20,505 stock units and Supreme Ventures finished trading 3 cents higher at $11.80, with 126,501 shares. In the main market preference segment, JMMB Group 7.5% preference share traded 11,403,244 shares at $1.10 and Jamaica Money Market Brokers 7.5% traded 258,726 units at $1.85. 8.90, with 159,108 stock units. In the US equity market, Margaritaville ended trading 350 units .20 US cents, Productivity Business Solutions traded 3,000 shares at 57.51 US cents and Proven Investments traded 39,584 ordinary shares at 23 US cents.
Prices of securities trading for the day are those at which the last trade took place.