JSE majors climb for a second day

July 22, 2021 by

The volume of shares trading climbed sharply by 66 percent, but the value fell 55 percent below Wednesday outturn as the market closed on Thursday, with the main indices adding to the previous day’s gains at the close of the Jamaica Stock Exchange Main Market.
At the close, the All Jamaican Composite Index added 1,435.41 points to 456,996.38, the JSE Main Index rose 944.89 points to end at 419,409.14 and the JSE Financial Index lost 0.07 points to 103.17.
Trading ended with 52 securities compared to 54 on Wednesday, with 22 stocks rising, 21 declining and nine remaining unchanged and three stocks traded at 52 weeks’ highs. The PE Ratio, a measure that determines an appropriate value for a stock, averages 16.3 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 12,497,532 shares trading for $46,668,151 versus 7,532,755 units at $103,655,179 on Wednesday. Radio Jamaica led trading with 34 percent of total volume for 4.24 million shares, followed by Wigton Windfarm 23.1 percent, with 2.88 million units and Sagicor Select Financial Fund 18.8 percent, with 2.35 million units changing hands.
Trading averaged 240,337 units at $897,464, compared to 139,495 shares at $1,919,540 on Wednesday. Trading month to date, averages 342,188 units at $19,740,077, in contrast to 349,306 units at $21,057,034 on Wednesday. June ended with an average of 249,610 units at $3,877,606.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints popped $1.10 to $15 in switching ownership of 2,136 shares, Caribbean Cement shed 55 cents to $92.20 in trading 4,219 stock units, Eppley declined $3.93 to $39.70 after transferring 506 units, First Rock Capital rallied $1.02 to $14.88 in exchanging 2,942 stocks, GraceKennedy shed $1.50 to $98 with the swapping of 58,314 shares. Guardian Holdings dropped $6 to $664 in an exchange of 1,972 units, Jamaica Broilers rose 47 cents to $36.50 with 21,594 shares crossing the market, Jamaica Producers spiked $3 to $24 with an exchange of 6,400 units. Kingston Properties shed $1.46 to $8.44 in trading 3,287 stocks, Kingston Wharves popped $1.90 to $49.50 with 2,362 stock units changing hands, PanJam Investment pushed $1 higher to $65 in switching ownership of 1,021 units, Proven Investments spiked 40 cents to finish at $34.90 in exchanging 19,317 shares. Radio Jamaica popped 7 cents to end at a 52 weeks’ closing high of $2.12 after hitting a high of $2.35 in trading 4,244,290 stock units, Sagicor Group rose 60 cents to $55.60 with the swapping of 7,350 units, Scotia Group rallied 42 cents to $39.12 in exchanging 36,715 shares, Seprod fell $2.07 to $67.12 in transferring 5,569 units, Sterling Investments lost 20 cents to end at $2.80 in exchanging 140,000 stock units, Supreme Ventures dipped 24 cents to $18.95 in trading 94,131 shares and Victoria Mutual Investments popped 40 cents to end at $6.40 in switching ownership of 13,298 stock units.
In the preference segment, 138 Student Living preference share rose 97 cents to $7.47 in exchanging 400 stock units and JMMB Group 7.15% – due 2028 popped 75 cents to $3.35 with 9,961 stocks crossing the exchange.

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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Rising stocks push up market

July 21, 2021 by

Main Market stocks enjoyed a day when stocks gaining bettered those declining as trading activity ended on Wednesday with the market indices rebounding after more stocks rose than declined, with the volume of shares traded falling 83 percent and valuing 60 percent less than on Tuesday on the Jamaica Stock Exchange Main Market.
At the close, the All Jamaican Composite Index advanced 1,662.75 points to 455,560.97, the JSE Main Index climbed 2,127.16 points to end at 418,464.25 and the JSE Financial Index rose 0.88 points to 103.24.
Trading ended with 54 securities compared to 49 on Tuesday, with 23 stocks rising, 17 declining and 14 remaining unchanged. The PE Ratio, a measure that determines an appropriate relative stock value, averages 16.4 based on ICInsider.com’s forecast of 2021-22 earnings.
Investors traded 7,532,755 shares, down sharply from 45,475,975 units on Tuesday after spending $103,655,179 versus at $256,468,028 previously. Transjamaican Highway led trading with 28.9 percent of total volume for an exchange of 2.18 million shares, followed by Radio Jamaica with 11.2 percent for 842,024 units and Barita Investments 11.1 percent, with 839,640 units.
Trading averaged 139,495 units at $1,919,540, down from 928,081 shares at $5,234,041 on Tuesday. Trading month to date averages 349,306 units at $21,057,034, in contrast to 365,726 units at $22,554,751 on Tuesday. June ended with an average of 249,610 units at $3,877,606.
Investor’s Choice bid-offer indicator reading has 12 stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments shed 59 cents to end at $83.41 with a transfer of 839,640 shares, Berger Paints spiked 90 cents to $13.90 in exchanging 20 stock units, Caribbean Cement popped $1.25 to $92.75 with 1,654 units crossing the market. Eppley Caribbean Property Fund spiked $1.85 to $43 with the swapping of 27 stocks, Grace Kennedy lost 49 cents to close at $99.50 in switching ownership of 12,187 units. Guardian Holdings surged $24 to $670 in trading 526 stocks, Kingston Properties rallied 85 cents to $9.90 in exchanging 6,700 stock units, Kingston Wharves declined $2.32 to $47.60, with 11,630 shares changing hands. Margaritaville fell 25 cents to $14.50 with 8,513 units crossing the exchange, Mayberry Investments shed 45 cents to $5.70 with the swapping of 3,760 shares, Mayberry Jamaican Equities fell 25 cents to $9.05 in switching ownership of 36,860 stocks. NCB Financial rose 99 cents to $139.99 in switching ownership of 21,567 stock units, Palace Amusement climbed $40 to $1,100 in trading 124 stocks, PanJam Investment slipped $1 to $64 after an exchange of 6,052 units. Portland JSX rose 83 cents to $8 in trading 179 stock units, Proven Investments picked up 40 cents to close at $34.50 after trading 31,665 stocks, Radio Jamaica popped 5 cents to end at a 52 weeks’ high of $2.05 while exchanging 842,024 shares. Sagicor Group advanced $3 to $55 in switching ownership of 61,758 shares, Seprod fell 80 cents to $69.19 with 17,791 shares changing hands, Sterling Investments gained 20 cents to end at $3 with 163,311 units crossing the market and Sygnus Credit Investments lost 38 cents after ending at $14.72 in trading 20,833 units.
In the preference segment, Eppley 8.75% preference share rallied 30 cents to $7.50, with 17,757 stocks crossing the market, Eppley 7.5% preference share spiked $1.64 to $12.64 with an exchange of 6,210 stock units and JMMB Group 7.35% – 2028 gained 25 cents in ending at $3.50 after trading 1,000 units. In the Corporate Bond market Guardian Holdings 6.5% due 2025 rose by $1.63 to $102.91 in exchanging 14 million 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Main Market pull back

July 20, 2021 by

Rising stocks just edged out those declining on Tuesday, with the market indices declining for a second consecutive day, with the volume and value of shares traded climbed 219 percent and 273 percent, respectively compared to Monday on the Jamaica Stock Exchange Main Market.
At the close, the All Jamaican Composite Index fell 587.12 points to 453,898.22, the JSE Main Index shed 595.66 points to end at 416,337.09 and the JSE Financial Index slipped 0.30 points to 102.36.
Trading ended with 49 securities similar to Monday, with 20 stocks rising, 19 declining and 10 remaining unchanged, as Radio Jamaica closed trading at a 52 weeks’ high of $2 after hitting an intraday high of $2.10. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.2 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 45,475,975 shares trading for $256,468,028, up from 14,266,703 units at $68,667,411 on Monday. Stanley Motta dominated trading with 76.3 percent of total volume after an exchange of 34.70 million shares followed by Transjamaican Highway 7.4 percent with 3.35 million units, Wigton Windfarm 2.9 percent, with 1.34 million units, Radio Jamaica accounted for 2.7 percent, with 1.23 million units and Sagicor Select Financial Fund ended, with 2.4 percent after exchanging 1.09 million units.
Trading averaged 928,081 units at $5,234,041, compared to 291,157 shares at $1,401,376 on Monday. Trading month to date averages 365,726 units at $22,554,751, in contrast to 322,738 units at $23,878,799 on Monday. June ended with an average of 249,610 units at $3,877,606.
Investor’s Choice bid-offer indicator reading has thirteen stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments spiked $1.90 to $84 with 6,516 shares crossing the market, Berger Paints shed 85 cents to $13 with an exchange of 4,205 stocks, Caribbean Cement rallied 50 cents to $91.50 in trading 1,980 shares, First Rock Capital dipped 28 cents to $13.72 after transferring 46,395 units, GraceKennedy picked up 29 cents in ending at $99.99 with 35,976 units crossing the exchange, Guardian Holdings declined $10 to $646 in an exchange of 1,552 shares. Jamaica Broilers shed 83 cents to $36.03 with the swapping of 13,891 units, Jamaica Producers fell $1.50 to $21 in switching ownership of 705,137 stock units, JMMB Group gained 35 cents to finish at $38.50 in an exchange of 129,470 stocks, Mayberry Investments rose 61 cents to $6.15, with 2,503 units crossing the market, Palace Amusement declined $40 to $1,060 in transferring 87 shares. PanJam Investment popped $3.99 to $65 after exchanging 1,110 stock units, Sagicor Group slipped $3 to $52 with the swapping of 110,420 stocks, Sagicor Select Manufacturing & Distribution Fund popped 5 cents to 90 cents, with 440,711 stock units crossing the market. Scotia Group dipped 25 cents to $38.75, with 12,993 units crossing the exchange and Victoria Mutual Investments lost 49 cents after ending at $6 with 107,913 shares changing hands.
In the preference segment, Eppley 8.75% preference share lost 29 cents in closing at $7.20 after exchanging 4,083 stocks.
In the corporate bond market, Guardian Holdings 2027 7% traded 4.99 million units at $110 after falling 28 cents.

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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Gains & losses shared for JSE Main Market

July 19, 2021 by

Market activity ended on Monday with the main indices losing significant ground after an equal number of stocks advanced and declined after trading ended with an exchange of 10 percent fewer shares valued 24 percent higher than on Friday on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index tumbled 3,626.92 points to 454,485.34, the JSE Main Index plunged 3,138.91 points to 416,932.75 and the JSE Financial Index fell 0.63 points to 102.66.
Trading ended with 49 securities compared to 48 on Friday, with 20 stocks rising, 20 declining and nine remaining unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.2 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 14,266,703 shares trading for $68,667,411 versus 15,819,699 units at $55,510,412 on Friday. Radio Jamaica led trading with 57.9 percent of total volume for an exchange of 8.25 million shares followed by Sagicor Select Financial Fund 15.8 percent with 2.25 million and Mayberry Jamaican Equities with 4.9 percent for 705,539 units changing hands.
Trading averaged 291,157 units at $1,401,376, compared to 329,577 shares at $1,156,467 on Friday. Trading month to date averages 322,738 units at $23,878,799, versus 325,352 units at $25,739,261 on Friday. June ended with an average of 249,610 units at $3,877,606.
Investor’s Choice bid-offer indicator shows 15 stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments fell $1.90 to $82.10, with 29,322 shares trading, Caribbean Cement shed $1 to $91 in an exchange of 56,037 shares, GraceKennedy slipped 30 cents to $99.70 in trading 27,020 stock units, Jamaica Producers fell $1.70 to $22.50 in switching ownership of 249,763 shares, JMMB Group skidded 85 cents to $38.15 with a transfer of 81,182 stock units. Kingston Properties spiked $1.05 to $9.05 with the swapping of 1,495 shares. Margaritaville picked up 25 cents to end at $14.75, with 1,600 units crossing the exchange, MPC Caribbean Clean Energy rallied $2.29 to $119.49 in trading 700 stocks. Palace Amusement advanced $5 to $1,100 in an exchange of 99 stock units, PanJam Investment declined $2.99 to close at $61.01 in switching ownership of 41,437 shares, Radio Jamaica spiked 32 cents to finish at a 52 weeks’ high of $1.99 with 8,253,929 shares changing hands, following the release of full year’s results, showing profits jumping from $38 million to $171 million and Seprod lost 55 cents after ending at $70 in transferring 11,666 stocks.
In the preference segment, Eppley 8.75% preference share rose 98 cents to $7.49 in switching ownership of 5,985 units and JMMB Group 7.35% – 2028 lost 30 cents to $3.20 with 290,403 shares crossing the market.

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

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Stunning results from ICTOP10 stocks

July 17, 2021 by

Caribbean Cream

Caribbean Cream delivered stunning positive results this past week with profit doubling, in line with ICInsider.com forecast and sent the stock up 25 percent to a 52 weeks’ high when it traded at $6.85 on Friday. The price is up 63 percent for the year to date but is set to clear $15, with projected earnings of 85 cents for the current year.
During the week, the Junior Market lost Caribbean Producers to the Main Market and the move attracted more trading in it, with Friday having the lowest volume of 104,442 and the highest 275,415 shares on the first day of the transfer, well up on the previous two days of 34,319 and 58,282 shares. The stock continues to move higher, with gains of 91 percent for the year to date.
tTech maintained last week’s price of $4.75 to return to Junior Market TOP10 this week, replacing Caribbean Producers that was the only new entrant to the JSE Main Market TOP10, replacing Jamaica Broilers.
This past week the average gains projected for the Junior Market fell from 202 percent last week to 183 percent and Main Market stocks moved to 176 percent from 170 percent.
The top three stocks in the Junior Market are General Accident, followed by Caribbean Assurance Brokers and Elite Diagnostic, with potential to gain between 233 percent and 242 percent compared to 240 and 282 percent last week, as Elite price moved up by 15 percent to $3.60 following the announcement a proposed dividend consideration and a change in the Chief Executive. The top three Main Market stocks are Radio Jamaica in the number one spot, followed by JMMB Group and PanJam Investment, with expected gains of 181 to 379 percent versus last weeks’ 161 to 379 percent.
The Junior Market closed the week with an average PE 13.1 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 as well as the recent historical average of 17 for the period to March this year based on 2020 earnings. For the Junior Market to trade at the historical average, the PE Ratio would have to rise by 30 percent and requires a rise of 53 percent to reach the targeted PE of 20 by March 2022. Main Market stocks would have to rise by 19 percent to hit a PE of 19 and 24 percent to get to the target of 20. The Junior Market Top 10 stocks average PE is a mere 7.2., just 55 percent of the market average, indicating substantial gains ahead.
The JSE Main Market ended the week with an overall PE of 16.1, a little distance from the 19 the market ended at in March, suggesting just an 18 percent rise at a PE of 19 and 24 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.6 or 47 percent of the PE of that market, well off the potential of 20.
This week’s focus: Results for Caribbean Cream with revenues up a solid 28 percent and profit doubling to $54 million, from $27 million with earnings of 14 cents per share, speak for themselves. Radio Jamaica is at a totally different level. The company delivered an 11.6 percent revenue rise in the March quarter and a profit of $44 million, pushing full year’s profit to $171 million of just 7 cents per share. The year’s performance comes against the backdrop of $366 million in what can be considered one off costs and in a year when revenues fell 7 percent. The 2022 results are set to be a stunner.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase 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 result in movements in and out of the lists weekly. 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.

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JSE majors slide into weekend

July 16, 2021 by

Stocks suffered a pullback on Friday with an increase of 146 percent in the volume of shares trading as investors put down 23 percent more funds in exchanging the shares than on Thursday on the Jamaica Stock Exchange Main Market and ended with 48 securities trading, similar to Thursday, with 12 stocks rising, 22 declining and 14 remaining unchanged.
At the close, the All Jamaican Composite Index fell 989.27 points to 458,112.26, the JSE Main Index shed 796.49 points to end at 420,071.66 and the JSE Financial Index dipped 0.30 points to 103.29.
The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.1 based on ICInsider.com’s forecast of 2021-22 earnings.
A total of 15,819,699 shares traded for $55,510,412 versus 6,426,972 units at $45,152,359 on Thursday. Wigton Windfarm led trading with 50.5 percent of total volume for 7.98 million shares, followed by Radio Jamaica 17 percent, with 2.69 million units, QWI Investments controlled 8.6 percent, with 1.37 million units and Transjamaican Highway with 8.1 percent after 1.28 million units changed hands.
Trading averaged 329,577 units at $1,156,467, compared to 133,895 shares at $940,674 on Thursday. Trading month to date averages 325,352 units at $25,739,261, in contrast to 324,980 units at $27,908,331 on Thursday. June ended with an average of 249,610 units at $3,877,606.
Investor’s Choice bid-offer indicator reading has thirteen stocks ending with bids higher than their last selling prices and none with lower offers.
At the close, Eppley advanced $4.13 to end at $43.63 in trading 810 stocks, Guardian Holdings declined $18 to $656 in exchanging 21 units, Jamaica Broilers rose $1 to $37, crossing the exchange with 11,874 stock units. Jamaica Producers rose $1.20 in closing at $24.20 with the swapping of 17,086 stocks, JMMB Group rallied 50 cents in closing at $39 in transferring 147,747 shares, Kingston Properties shed $1.90 to settle at $8 in trading 15,000 stock units. Margaritaville lost 49 cents to end at $14.50 in exchanging 10,484 stocks, Mayberry Investments fell 61 cents to $5.54 in exchanging 30,946 stock units, Mayberry Jamaican Equities shed 85 cents to $9.15 after crossing the market with 5,907 units. NCB Financial Group slid $1 to $139 with 85,626 shares changing hands, 138 Student Living lost 30 cents to end at $4.80 in switching ownership of 3,077 units, Palace Amusement climbed $35 to close at $1,095 in exchanging 46 stock units, Pan Jam Investment shed 50 cents ending at $64 with a transfer of 22,897 shares. Proven Investments lost 50 cents to $34.10 with an exchange of 28,310 stocks, Scotia Group fell 50 cents in closing at $39 with a transfer of 27,409 stocks, Seprod declined $1.40 to end at $70.55 in trading 2,687 units. Supreme Ventures gained 30 cents to close at $19.10 with 50,732 stocks crossing the market and Sygnus Credit Investments lost 39 cents ending at $15 with an exchange of 17,822 stock units.
In the preference segment, Eppley 8.75% preference shares shed 99 cents in closing at $6.51 in switching ownership of 57 stock units.

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

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

JSE Main market slips on low volume

July 15, 2021 by

Market activity ended on Thursday with reduced volume and value of shares compared to Wednesday, in 5 percent dip in volume, with 14 percent lower value leading to more stocks declining than rising, at the close of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index declined 1,348.65 points to 459,101.53, the JSE Main Index fell 1,154.18 points to end at 420,868.15 and the JSE Financial Index slipped 0.32 points to 103.59.
Trading ended with 48 securities compared to 47 on Wednesday, with 14 stocks rising, 19 declining and 15 remaining unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.4 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 6,426,972 shares trading for $45,152,359, down from 7,526,686 units at $52,205,562 on Wednesday. Transjamaican Highway led trading with 22.7 percent of total volume for an exchange of 1.46 million shares followed by JMMB Group 7.50% 15.7 percent with 1.01 million units for 15.7 percent and Sterling Investments with 10 percent, with 642,808 units changing hands.
Trading averaged 133,895 units at $940,674, compared to 160,142 shares at $1,110,757 on Wednesday. Trading month to date averages 324,980 units at $27,908,331, in contrast to 343,472 units at $30,518,104 on Wednesday. June ended with an average of 249,610 units at $3,877,606.
Investor’s Choice bid-offer indicator reading has 16 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments rose 10 cents to $84.10 in exchanging 5,599 shares, Caribbean Producers gained 21 cents to end at a 52 weeks’ closing high of $5.40 with the swapping of 148,503 stock units. Eppley plunged $4.13 in closing at $39.50 after an exchange of 903 units. First Rock Capital lost 49 cents to settle at $14.01 in switching ownership of 3,128 shares, Grace Kennedy popped 99 cents to $100 in trading 68,101 stocks, Jamaica Broilers dipped 33 cents to $36 with a transfer of 13,465 stocks. Kingston Properties shed 35 cents to end at $9.90 in trading 16,638 stock units, Mayberry Jamaican Equities rose 95 cents to $10 in switching ownership of 75,000 stocks, Palace Amusement plunged $130 to $1,060, with 171 units crossing the market. PanJam Investment fell $3 to $64.50 with 55,556 shares changing hands, Sagicor Group popped $2 to close at $55 with the swapping of 34,723 shares. Salada Foods lost 20 cents in closing at $8 with an exchange of 71,674 stocks, Seprod rallied $2.26 to $71.95 with the swapping of 4,860 shares, Supreme Ventures lost 45 cents to close at $18.80 in trading 21,036 stocks and Sygnus Credit Investments popped 68 cents to $15.39 in switching ownership of 63,061 units.
In the preference segment, JMMB Group 7.15% – 2028 lost 30 cents to close at a 52 weeks’ low of $2.60 with 20,000 stocks clearing 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Stocks in retreat on Tuesday

July 13, 2021 by

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

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

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

NCB Financial Monday’s dominant trade

July 12, 2021 by

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

NCB Financial Montego Bay branch

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

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

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

Grace & Jetcon are back ICTOP10

July 10, 2021 by

Jetcon Corporation returns the Junior Market TOP10 after the price slipped from $1.39 last week to $1.35 at the close of the week, replacing tTech that enjoyed a slight price bounce from $4.40 last week to $4.75 this week, while in the JSE Main Market Grace Kennedy returns after a week’s absence and replaces Jamaica Broilers that is now out.
Jamaica Broilers reported full year results, with profits of $2.3 billion up 67 percent from $1.4 billion in 2020 for earnings per share of $2.30. ICInsider.com now projects $3.30 earnings per share for the 2022 fiscal year and that is not enough to keep it in the TOP10.
The performance of the Jamaica Stock Exchange Main Market continues to lag well behind the Junior Market, with the fall in the financial sector led by NCB Financial Group being a major drag on the main market, but values in the Junior Market are far more favourable than those in the main market and that is eloquently told by the average PE ratios of both markets.
This past week the average gains projected for the Junior Market rose from 200 percent last week to 202 percent and Main Market stocks edged down from last week’s 171 percent to 168 percent.
The top three Junior Market stocks are Elite Diagnostic, Caribbean Ass. Brokers and General Accident, with potential gains between 240 and 282 percent, following the range of 223 and 287 percent last week. The top three Main Market stocks are Radio Jamaica in the number one spot, followed by JMMB Group and Guardian Holdings, with expected gains of 169 to 379 percent versus last weeks’ 188 to 385 percent.
The Junior Market closed the week with an average PE 12.9 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 as well as the recent historical average of 17 for the period to March this year based on 2020 earnings. For the Junior Market to trade at the historical average, the PE Ratio would have to rise by 32 percent and requires a rise of 53 percent to reach the targeted PE of 20 by March 2022. Main Market stocks would need to rise by 11 percent to hit a PE of 19 and 17 percent to get to the target of 20.
The Junior Market Top 10 stocks average PE is a mere 6.8, just 53 percent of the market average, indicating substantial gains ahead. The JSE Main Market ended the week with an overall PE of 17, a little distance from the 19 the market ended at in March, suggesting just a 12 percent rise at a PE of 19 and 18 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.9 or 47 percent of the PE of that market, well off the potential of 20.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase 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 result in movements in and out of the lists weekly. 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 Tagged With: , , , , , , , , , , , , , , , , , , , , , ,