Berger Paints — Page 84

Main Market loses ground to close out week

May 21, 2021 by IC Insider.com

Demand for stocks declined on Friday in trading on the Jamaica Stock Exchange Main Market, with the volume of stocks trading falling 48 percent and the value of stocks exchanged dropping 82 percent lower than Thursday’s market activity leading to a slight dip in the main market indices with the advancing stocks just edging out those declining.
The All Jamaican Composite Index shed 202.86 points to 454,479.33, the Main Index fell 257.00 points to 424,303.18 and the JSE Financial Index lost 0.04 points to close 105.33.
Trading ended with 48 securities compared to 50 on Thursday, with 19 stocks rising, 18 declining and 11 remaining unchanged. The PE Ratio closed with an average of 16.3 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 13,537,949 shares trading for $85,630,782 down sharply from 26,264,484 units at $470,763,094 on Thursday. Sagicor Select Financial Fund led trading with 38.9 percent of total volume for an exchange of 5.26 million shares, followed by Wigton Windfarm with 20.2 percent after 2.74 million units were traded and Pulse Investments with 7.3 percent for 988,208 shares changing hands.
Trading closed with an average of 282,041 units at $1,783,975, compared to 525,290 shares at $9,415,262 on Thursday. Trading month to date averages 320,145 units at $3,595,710, in contrast to 322,750 units at $3,719,589 on Thursday. Trading in April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator shows eleven stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints slipped $1.61 to $16.39 with the swapping of 5,003 shares, Caribbean Cement lost 42 cents to close at $87.50 with 4,856 units changing hands, Carreras ended 20 cents lower at $10.70 after crossing the exchange with 382,401 stocks. Eppley Caribbean Property Fund advanced $4.18 to close at $44.98 with the swapping of 1,700 units, Jamaica Broilers fell 80 cents to $34.70 in a transfer of 129,900 shares. Jamaica Producers lost 50 cents to close at $23, with 200,170 stocks crossing the market, Margaritaville lost 40 cents in closing at $14.60 trading 26,126 stock units, Mayberry Investments gained 20 cents to end at $5.50, with 196,336 shares changing hands. MPC Caribbean Clean Energy rose $2 to $102 in trading 5 stocks, NCB Financial Group shed 50 cents to end at $138.50 in a transfer of 46,041 units, 138 Student Living shed 49 cents to settle at $4.90 with 3,975 stock units changing hands, Pan Jam Investment climbed $5.55 to $71.60 after exchanging 86 stocks. Proven Investments fell 90 cents to $37 with the swapping of 61,769 units, Sagicor Group lost 30 cents to close at $52.70 in switching ownership of 21,793 stocks, Scotia Group gained 80 cents to end at $40.80 in exchanging 5,309 units. Seprod shed $1.50 to close at $73.50 with an exchange of 44,685 stock units, Supreme Ventures rose $1.55 to close at $21.75 in trading 98,472 stocks and Sygnus Credit Investments gained 40 cents to finish at $15.61 after exchanging 313,497 stocks.
In the preference segment, Eppley 8.75% preference share fell 99 cents to close at $6.51 with a transfer of 347 shares.

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

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE Main market bounces back

May 20, 2021 by IC Insider.com

Market activity ended on Thursday, with the market recovering almost all of the losses of the previous two days after advancing stocks edged out declining ones, with the overall traded volume and value climbing 211 percent and 357 percent respectively compared to Wednesday on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index climbed 3,237.08 points to 454,682.19, the Main Index advanced 2,716.72 points to 424,560.18, and the JSE Financial Index gained 0.97 points to settle at 105.37.
Trading ended with 50 securities compared to 47 on Wednesday, with 18 stocks rising, 16 declining and 16 remaining unchanged. The average PE Ratio, based on ICInsider.com’s 2021-22 forecast of earnings, is 16.1.

At the close 26,264,484 shares traded for $470,763,094 versus 8,440,224 units at $102,931,227 on Wednesday. JMMB Group 7.25% led trading with 33.9 percent of total volume for 8.91 million shares followed by Sagicor Group with 27.6 percent in trading 7.25 million units, Sagicor Select Financial Fund 13.6 percent, with 3.58 million units, Pulse Investments with 5.2 percent for 1.37 million units and Transjamaican Highway with 3.9 percent for an exchange of 1.04 million shares.
Trading averaged 505,086 units at $9,053,136, compared to 179,579 shares at $2,190,026 on Wednesday. Trading month to date averages 321,833 units at $3,709,022, compared to 307,218 units at $3,282,804 on Wednesday. April averaged 234,200 units at $1,772,561.
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 advanced $1.98 to $85.98 with 70 shares changing hands, Berger Paints rose $1.35 to end at a 52 weeks’ closing high of $18 with 14,433 stocks crossing the market, Carreras gained 90 cents to close at end at 52 weeks’ closing high of $10.90 in switching ownership of 519,508 shares, Grace Kennedy ended 99 cents higher at $88 in exchanging 14,115 units, Jamaica Broilers gained 50 cents to close at $35.50 in trading 21,359 stocks. Jamaica Stock Exchange lost 20 cents to settle at $17.80 in switching ownership of 6,010 units, JMMB Group declined $1 to $32 with a transfer of 76,488 stock units, Key Insurance gained 34 cents to end at $5.35 in trading 295,925 stocks. Kingston Wharves fell $1 in closing at $46 with the swapping of 11,543 shares, MPC Caribbean Clean Energy dropped $24 to end at 52 weeks’ closing low of $100 after exchanging 21 stock units, NCB Financial Group shed $2 to finish at $139 while exchanging 78,790 shares. 138 Student Living rose 85 cents to close at $5.39 in switching ownership of 13,853 stock units, Palace Amusement dropped $29 to end at $926 in swapping 111 stocks, PanJam Investment declined $5.85 to finish at $66.05 with 26,162 shares clearing the market, Proven Investments closed 75 cents higher at $37.90, with 5,272 units crossing the market, Sagicor Group climbed $2 to end at $53 trading 7,248,980 shares, Seprod slipped 90 cents to $75 after exchanging 41,954 units. Stanley Motta lost 34 cents in ending at $5.90 in switching ownership of 6,907 stock units, Supreme Ventures gained 20 cents to end at 52 weeks’ closing high of $20.20 in trading 193,925 shares and Wisynco Group ended 45 cents lower at $15.45 in switching ownership of 153,549 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: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE Main Market in turbulent zone

May 19, 2021 by IC Insider.com

Just below 460,000 points is proving to be a turbulent area for the Main Market on Tuesday after coming close during the morning session at 459,212 points the index of locally based Jamaica Stock Exchange Main Market stocks pulled back sharply at the close. In today’s trading, the market moved up to 456,129 points but again failed to hold onto early gains and closed with the market index slipping from Tuesday close.
At the close, the All Jamaican Composite Index declined 2,953.62 points to close tab 451,445.11, the Main Index shed 2,482.03 points to 421,843.46 and the JSE Financial Index lost 0.98 points to settle at 104.40.
Trading ended with 47 securities, down from 52 on Tuesday, with 20 stocks rising, 22 declining and five remaining unchanged. The PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings averages 16.
The market closed with 8,440,224 shares trading for $102,931,227 versus 11,779,992 units at $110,710,765 on Tuesday. Transjamaican Highway led trading with 18.5 percent of total volume for an exchange of 1.56 million shares followed by Sagicor Select Financial Fund 17 percent, with 1.43 million units and Pulse Investments with 15.7 percent after trading 1.33 million units.
Trading averaged 179,579 units at $2,190,026, compared to 226,538 shares at $2,129,053 on Tuesday. Trading month to date averages 307,218 units at $3,282,804, in contrast to 317,134 units at $3,367,698 on Tuesday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator reading has eight stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments declined $2 in closing at $84 after clearing the market of 2,835 shares, Berger Paints advanced $1.15 to finish at a 52 weeks’ high of $16.65 in switching ownership of 7,557 shares, Caribbean Cement rose 77 cents to $87.99 with an exchange of 56,552 units. Eppley shed 70 cents to close at $33 with the swapping of 30,020 stock units, Grace Kennedy ended 99 cents lower at $87.01, with 96,486 units crossing the exchange, Jamaica Broilers declined $1 to $35 in exchanging 36,579 shares. Jamaica Producers shed $1 to close at $23.50 in transferring 18,462 units, Jamaica Stock Exchange gained 25 cents in closing at $18 with 17,670 shares changing hands, JMMB Group advanced $1 to $33 in switching ownership of 188,002 stock units. Key Insurance shed 32 cents to end at $5.01 after an exchange of 321,258 shares, NCB Financial advanced $2.10 to $141 in trading 22,667 units. 138 Student Living lost 86 cents to close at $4.54, with 12,305 stock units clearing the market, Palace Amusement climbed $41 to $955 after exchanging 123 stock units, Pan Jam Investment jumped $6.90 to $71.90 with the swapping of 1,737 units, Portland JSX fell $2.40 to $7.10 with the transfer of 51,289 shares. Proven Investments lost 80 cents to close at $37.15, with 18,599 stock units crossing the market, Sagicor Group fell $1.50 to $51 with 905,925 shares changing hands. Scotia Group shed 80 cents in ending at $40 in exchanging 41,900 stocks. Seprod advanced $2.90 to $75.90 with 13,000 units crossing the market, Stanley Motta gained 24 cents in closing at $6.24 with the swapping of 2,707 stock units, Supreme Ventures picked up 20 cents to settle at a 52 weeks’ high of $20 after clearing the market with 82,366 stocks and Sygnus Credit Investments lost 40 cents in closing at $15.10, after trading 175,692 units.
In the preference segment, JMMB Group 7.25% lost 40 cents to close at $2 after trading 300 units and JMMB Group 7.50% fell 8 cents to 77 cents with the swapping of 4,493 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: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Guardian knocks JSE Main Index

May 18, 2021 by IC Insider.com

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Market activity ended on Tuesday with the market indices all declining, but the JSE Main Index sustaining the greater loss of 6,266.26 points to close at 424,325.49, with Guardian Holdings dropping $110, with NCB Global announcing on Monday the offer of 2 million shares to the public at $795 each. Trading ended after an exchange of 31 percent fewer shares valued 30 percent less than on Monday on the Jamaica Stock Exchange Main Market.

Guardian Holdings hits the lowest price on the JSE on Tuesday.

The All Jamaican Composite Index declined 371.38 points to 454,398.73, the JSE Main Index dropped 6,266.26 points to 424,325.49 after Guardian Holdings trading at the lowest price since listing and the JSE Financial Index shed 2.89 points to settle at 105.38.
Trading ended with 52 securities slightly down on the 51 on Monday, with 20 rising, 24 declining and eight remaining unchanged. The PE Ratio averages 16.2 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 11,779,992 shares trading for $110,710,765 versus 17,166,156 units at $158,866,078 on Monday. Sagicor Select Manufacturing & Distribution Fund led trading with 25.4 percent of total volume after an exchange of 3 million shares followed by Sagicor Select Financial Fund 14.3 percent, with 1.68 million units, Pulse Investments contributed 12.7 percent, with 1.5 million units, Transjamaican Highway accounts for 10.3 percent after trading 1.21 million units and Wigton Windfarm with 9.1 percent after 1.07 million units changed hands.
Trading averaged 226,538 units at $2,129,053, compared to 336,591 shares at $3,115,021 on Monday. Trading month to date averages 317,134 units at $3,367,698, in contrast to 325,653 units at $3,484,171 on Monday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Berger Paints gained 50 cents ending at a 52 weeks’ high of $15.50 in trading 18,992 stock units, Caribbean Cement advanced $2.22 to $87.22 with 122,894 units changing hands, Grace Kennedy slipped 50 cents to close at $88 with the swapping of 58,997 shares, Guardian Holdings dropped $109.96 to end at $789.99 trading 11,872 stocks after NCB Global posted its prospectus on the JSE to sell 2 million shares to the public at a price that was much lower than the Mondays’ close. Jamaica Broilers advanced $2 in closing at $36, with 251,099 units crossing the exchange. Jamaica Producers fell 48 cents to $24.50 in transferring 123,613 stock units, JMMB Group shed $1.10 to end at $32 with an exchange of 357,375 shares. Key Insurance lost 27 cents to settle at $5.33 in clearing the market of 366,006 stocks, Kingston Wharves rose $2 to $47 in switching ownership of 1,856 shares, Margaritaville closed 50 cents lower at $15 after clearing the market with 1,500 stock units. NCB Financial Group gained 70 cents to end at $138.90 in an exchange of 113,242 shares, 138 Student Living finished 89 cents higher at $5.40 after crossing the market with 4,300 stock units, Palace Amusement declined $26 to end at $914 with 2 units crossing the exchange. PanJam Investment fell $4 in closing at $65 with an exchange of 40,380 stock units, Proven Investments gained 90 cents to end at $37.95 in trading 14,404 shares, Sagicor Group shed $1.45 to end at $52.50 with the swapping of 13,121 units, Sagicor Real Estate Fund rose 74 cents to $8.29 with the transfer of 1,548 shares. Salada Foods gained 44 cents to finish at $7.50 in exchanging 67,172 units, Scotia Group slipped 50 cents to close at $40.80 with an exchange of 456,287 stocks, Seprod declined $4.57 to $73 after 3,586 units changed hands. Sterling Investments lost 25 cents to settle at $3.25 in transferring 15,408 shares and Victoria Mutual Investments fell 28 cents to $6.71 with 72,106 stocks changing hands.
In the preference segment, 138 Student Living preference share advanced $1.66 to $7.90, with 5 stock units clearing the market and Productive Business Solutions 9.75% preference share dropped $5 to $105 in trading 100 stocks.

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

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE Main Market in resistance territory

May 17, 2021 by IC Insider.com

Market activity pushed the All Jamaican Composite Index up 4,686 points in the early morning session to just over 456,400 points and close to resistance level on Monday and the market managed to hold on 3,056.45 points at the close to end at 454,770.11, on the Main Market of Jamaica Stock Exchange, at the same time, the Main Index rose 2,576.48 points to 430,591.75, and the JSE Financial Index gained 1.14 points to settle at 108.27.
At the close, 51 securities traded, up from 49 on Friday, with 20 rising, 23 declining and eight ending unchanged. The PE Ratio averages 16.2 based on ICInsider.com forecast of 2021-22 earnings.
The volume and values of shares traded, fell 46 percent and 48 percent respectively compared to Friday levels, as 17,166,156 shares changed hands for $158,866,078 versus 31,695,926 units at $306,013,533 on Friday. Wigton Windfarm led trading with 40.9 percent of total volume, with 7 million shares followed by JMMB Group 7.5% took 14.1 percent of the market, with 2.43 million units, Transjamaican Highway accounted for 10.5 percent with 1.80 million units and Pan Jam Investment with 7.4 percent after 1.14 million units changed hands.
Trading averaged 336,591 units at $3,115,021, compared to 646,856 shares at $6,245,174 on Friday. Trading month to date averages 325,653 units at $3,484,171, in contrast to 324,542 units at $3,521,674 on Friday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator reading has 12 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments advanced $3 to $86, trading 29,830 units, Caribbean Cement climbed $3.98 to $85 with 12,710 stocks changing hands, Eppley Caribbean Property Fund declined $3.20 to end at $40.80, with 10,011 shares clearing the market. First Rock Capital shed 50 cents to end at $16 with an exchange of 15,785 stock units, Jamaica Broilers closed 50 cents lower at $34 with 99,562 units crossing the market, Kingston Wharves declined $3 to $45 in transferring 8,444 shares, NCB Financial Group lost 30 cents to end at $138.20 in exchanging 102,400 stocks, 138 Student Living shed 79 cents to close at $4.51 with 963 stock units crossing the exchange, Palace Amusement climbed $30 to $940 in switching ownership of 81 units, PanJam Investment rose $2.50 to close at $69 with 1,138,183 shares changing hands. Portland JSX skidded 90 cents to $9.50 trading 8,289 stock units, Proven Investments ended 90 cents lower at $37.05 in an exchange of 20,235 shares, Pulse Investments lost 30 cents in closing at $4.20 with the swapping of 787,692 shares. Sagicor Group advanced $3.40 to $53.95, with 158,237 units crossing the market, Sagicor Real Estate Fund shed 75 cents to end at $7.55 in an exchange of 10,397 stocks. Salada Foods slipped 60 cents to $7.06 with a transfer of 47,709 shares, Scotia Group gained 30 cents to end at $41.30 in exchanging 128,645 stocks. Seprod fell 37 cents to close at $77.57 in switching ownership of 18,230 units, Sterling Investments rose 50 cents in closing at $3.50 with 255,486 stock units changing hands. Supreme Ventures gained 31 cents to settle at $19.81 in switching ownership of 37,888 units, Sygnus Credit Investments closed 75 cents higher at $15.50 in the swapping of 624,203 stock units and Victoria Mutual Investments rose 69 cents to $6.99 after an exchange of 227,405 units.
In the preference segment, 138 Student Living Preference share advanced 81 cents in closing at $6.24 after exchanging 46 shares and Eppley 8.25% gained 85 cents to end at $7 in transferring 1,500 stocks.

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

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Profit gains push Berger & SOS out of ICTOP10

May 15, 2021 by IC Insider.com

Stationery & Office Supplies hit a record high on Friday.

Stationery & Office Supplies – Montego Bay office.

Investors got a serious dose of a new set of company results and they liked a number of them, driving up prices of some up, following results that surprised positively. Many of the surprising ones matched the ICInsider.com forecast. Stationery & Office Supplies that was in the ICTOP10 up to last week reported earnings in line with ICInsider.com projections of $1 and investors pushed the price to a 52 weeks’ high of $9.50, with a gain of 109 percent for the year so far, with more gains ahead.
tTech is another company reporting earnings in line with the ICInsider.com forecast, with the stock jumping to $5.91 to be up 41 percent for the year. Berger Paints another TOP 10 stock up to last week, seems well on the way to earn $1.50, ICInsider.com forecasted, the price closed the week at $15, pushing it out of the TOP10. There are only 4,852 units on offer up to $17 thereafter, just over 154,000 between $18.99 and $19.86, Grace Kennedy reported a 26 percent rise in profit for the quarter, a continuation of good growth it enjoyed in 2020, but the market is yet to reward it with a price rise.
Access Financial and Key Insurance have moved into the TOP10 to fill the space left by the two stocks that fell out at the end of the week.
When ICInsider.com embarked on the 2021 profit forecast, it was a most difficult time due to the turbulence in the economy and businesses of many listed companies. Nevertheless, we boldly made our forecast and the first fruits are now showing and investors like them in driving up nine of 15 Junior Market stocks selected in January, bettering the gains for the year of 26 percent. Two stocks more than doubled and one is up 96 percent after more than doubling in trading for the year to date, earlier this week, before some profit taking set in. One stock rose 64 percent, one gained 43 percent, two 35 percent and two with 29 percent gain. Added to this is Future Energy Sources that was a part of the TOP10 listing starting at the end of February and has since gained 35 percent.
The ICTOP15 stocks in continuing an outstanding performance saw, Stationery & Office Supplies jumping 109 percent for the year to date, Lumber Depot 104 percent, Jamaican Teas 96 percent, Main Event 64 percent, Lasco Financial rose 43 percent, Caribbean Cream and Caribbean Producers up 35 percent, Lasco Distributors and MailPac a rise of 29 percent each.
The JSE Main Market is only up 4 percent year to date, but ICTOP15 stock selection saw Carreras and Grace Kennedy rising 37 percent, QWI Investments and Caribbean Cement up 29 percent, Seprod up 20 percent, Jamaica Producers 19 percent and Jamaica Broilers up 15 percent.
The bullish tone of both markets continues, but the Junior Market had hit the top line of an upward sloping channel that could act as resistance and is worth watching. The Main Market is a few thousand points away from its channel top, but those resistance points should be only temporary barriers if they, in fact become that.
The top three stocks in the Junior Market are headed by Elite Diagnostic followed by Medical Disposables and Jetcon Corporation, with the potential to gain between 245 to 283 percent. The top three Main Market stocks are Radio Jamaica in the number one spot, followed by Jamaica Broilers and PanJam Investment, with expected gains of 165 to 385 percent.
The targeted PE ratio for the market averages 20 based on profits of companies reporting full year’s results, up to the second quarter of 2022. Fiscal 2020-21 ended March 2021 with the average PE at 17 for Junior Stocks and 19 times for the Main Market. With interest rates on government paper below 5 percent and likely to remain there for a few years, the likelihood is for the average PE ratios to climb higher during the next twelve months.
The Junior Market, with an average PE 12.3 based on ICInsider.com’s 2021-22 earnings, is currently trading well below the target, as well as the recent historical average of 17. This represents another 39 percent rise in the market that would equate to a rise of 60 percent to March 2022. The Junior Market Top 10 stocks average a mere 6.4 at just 52 percent of the market average, indicating substantial gains ahead. The JSE Main Market ended the week with an overall PE of 16.5, some distance from the 19 the market ended March, suggesting a 15 percent rise from now to March 2022. The Main Market TOP 10 trades at a PE of 7.8 or 47 percent of the PE of that market and well off the potential of 20.
The average projected gain for the Junior Market IC TOP 10 stocks is 220 percent and 168 percent for the JSE Main Market, based on 2021-22 earnings. 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: Access Financial, Berger Paints, Caribbean Assurance Brokers, Caribbean Producers, Carreras, Daily Trading, Emerging markets, FESCO, Future Energy Source, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Laco Distributors, Lasco Financial, Lumber Depot, Main Event, Medical Disposables, PANJAM Investment, Radio Jamaica, Scotia Group, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

Main market retreats from robust early gains

May 14, 2021 by IC Insider.com

Stocks trading climbed sharply on Friday with an exchange of 118 percent more shares valued 268 percent more than in Thursday trading on the Jamaica Stock Exchange Main Market. The All Jamaican Composite Index just managed to squeeze out a gain of 87.75 points to close at 451,713.66 after it traded up close to 6,000 points to a high of 457,408.33 within an hour of the market’s opening.

JSE All Jamaica Composite Index heading for the top of the upward sloping channel top at 460,000 points and could face resistance there.

The JSE Main Index rose 581.22 points to settle at 428,015.27 and The JSE Financial Index gained 0.24 points to end at 107.13.
Trading ended with 49 securities compared to 47 on Thursday and ended with prices of 21 stocks rising, 17 declining and 11 remaining unchanged. The PE Ratio averages 16.5 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 31,695,926 shares trading for $306,013,533 compared to 14,522,547 units at $83,441,774 on Thursday. Wigton Windfarm led trading with 41.6 percent of total volume for 13.18 million shares, followed by Supreme Ventures with 31.7 percent for 10.04 million units and JMMB Group 7.50% with 5.4 percent for 1.70 million units changing hands.
Trading averaged 646,856 units at $6,245,174, compared to an average of 308,990 shares at $1,775,357 on Thursday. Trading month to date averages 324,542 units at $3,521,674, in contrast to 289,678 units at $3,227,079 on Thursday. Trading in April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator shows eleven stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments dropped $3.05 to $83 with 33,408 shares changing hands. Berger Paints advanced $1.35 to close at a 52 weeks’ high of $15 after exchanging 30,727 stock units, Caribbean Cement slid $4.98 to $81.02 with 96,636 shares crossing the exchange. Eppley Caribbean Property Fund shed 98 cents to close at $44 trading 11 units, First Rock Capital fell 40 cents to $16.50 in exchanging 50,337 shares, Grace Kennedy slipped 19 cents to close at $88.66 in switching ownership of 161,912 stocks. Jamaica Broilers ended $1 lower at $34.50 in exchanging 30,864 units, Jamaica Stock Exchange gained 24 cents to close at $17.99 with 11,600 stock units crossing the market, JMMB Group rose $1.05 to $33.05 in trading 33,966 units, Kingston Wharves advanced $1 to end at $48 in an exchange of 3,152 stocks, NCB Financial declined $1.50 to $138.50 after transferring 39,781 units, 138 Student Living gained 30 cents to end at $5.30 in exchanging 2,129 stocks. PanJam Investment rose $1 to close at $66.50 in trading 594,688 units, Proven Investments rose 94 cents to $37.95 in trading 26,800 shares, Sagicor Group closed 54 cents higher at $50.55 in an exchange of 35,406 stocks. Salada Foods rose 86 cents to $7.66 in switching ownership of 116,542 stock units, Scotia Group shed 50 cents to end at $41 in trading 20,188 units, Supreme Ventures picked up 50 cents to close at $19.50 with the swapping of 10,037,859 shares, Victoria Mutual Investments declined 78 cents to $6.30 in trading 154,338 stock units and Wisynco Group gained 30 cents to close at $15.90, with 240,532 shares crossing the exchange.
In the preference segment, Eppley 8.25% shed 74 cents to close at $6.15 with 1,800 stock units changing hands, JMMB Group 7.25% rose 19 cents to $1.46 in transferring 3,019 stocks and JMMB Group 7.15% – 2028 lost 18 cents to finish at $2.82 trading 20,000 shares.

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

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE Main market rises to 14 months high

May 13, 2021 by IC Insider.com

Rising stocks pushed the market indices higher on Thursday to end with the All Jamaican Composite Index at the highest level since the middle of March last year as the market continues to move higher in recovering the big losses in 2020. At the close, the volume traded rose 18 percent, but the value dropped 46 percent on Wednesday levels on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index advanced 1,110.77 points to 451,625.91, the Main Index rose 732.14 points to 427,434.05, and the JSE Financial Index inched 0.15 points up to settle at 106.89.
Trading ended with 47 securities compared to 53 on Wednesday and closed with prices of 17 stocks rising, 23 declining and seven remaining unchanged.
The PE Ratio averages 16.4 based on ICInsider.com forecast of 2021-22 earnings.

The market closed with 14,522,547 shares trading for $83,441,774 compared to 12,295,253 units at $154,483,246 on Wednesday. Sagicor Select Financial Fund led trading with 34.2 percent of total volume for an exchange of 4.97 million shares, followed by Wigton Windfarm with 17.9 percent for 2.60 million units, Transjamaican Highway with 9.1 percent for 1.33 million units and Mayberry Investments with 8.3 percent for 1.23 million units changing hands.

Trading averaged 308,990 units at $1,775,357, compared to 231,986 shares at $2,914,778 on Wednesday. Trading month to date averages 289,678 units at $3,227,079, in contrast to 287,442 units at $3,395,135 on Wednesday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator shows eleven stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cement shed $1 in closing at $86 after 46,436 shares traded, Eppley ended $1 lower at $34 in an exchange of 17,549 units, Grace Kennedy gained 35 cents to close at $88.85 in a transfer of 93,344 stocks. Jamaica Broilers slid 50 cents to $35.50 after exchanging 8,606 units, Jamaica Producers declined $2.35 to close at $25 with the swapping of 706,751 shares, Key Insurance lost 49 cents to settle at $5.51 with an exchange of 259,038 stocks, Kingston Wharves advanced $2 to $47 with the swapping of 5,246 units, Margaritaville gained 50 cents to end at $15.50 in trading 211 shares, Mayberry Jamaican Equities ended 45 cents higher at $8 in exchanging 50,000 stocks. MPC Caribbean Clean Energy dropped $3 to close at a 52 weeks’ low of $124 with 66 stock units changing hands, NCB Financial rose $1.22 to finish at $140 in transferring 41,935 shares, Palace Amusement advanced $2 to $910 after clearing the market of 44 units. 138 Student Living fell 30 cents to close at $5 with 3,999 stock units crossing the market, Pan Jam Investment rose $2 to close at $65.50 in exchanging 11,859 stocks, Proven Investments fell 89 cents to $37.01 in the swapping of 17,979 stock units, Pulse Investments gained 30 cents to $4.60 in switching ownership of 345,178 shares. Sagicor Group declined $1.99 to $50.01 in an exchange of 200,381 units, Salada Foods lost 20 cents to finish at $6.80 with a transfer of 117,419 stocks, Seprod gained 88 cents to close at $77.88 in trading 12,866 shares, Supreme Ventures gained 49 cents to settle at $19 with the swapping of 48,842 stock units and Wisynco Group lost 40 cents in ending at $15.60 after trading 197,460 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

AJI past 450,000, first since March 2020

May 12, 2021 by IC Insider.com

The All Jamaican Composite Index closed above the 450,000 points level for the first time since March 13 last year when it advanced 780.41 points to close at 450,515.14, on Wednesday on the Jamaica Stock Exchange, with an exchange of 119 percent more shares valued 339 percent higher than in trading on Tuesday.
The JSE Main Index gained 314.36 points to 426,701.91 and the JSE Financial Index lost 0.05 points to settle at 106.74.
A total of 53 securities traded compared to 54 on Tuesday, with 21 stocks rising, 23 declining and nine remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.4.
The market closed with 12,295,253 shares trading for $154,483,246 compared to 5,625,284 units at $35,183,198 on Tuesday. Sagicor Select Manufacturing & Distribution Fund led trading with 25.1 percent of total volume after an exchange of 3.09 million shares followed by Sagicor Group 18.5 percent with 2.28 million units, Transjamaican Highway with 15.5 percent, with 1.9 million units and Wigton Windfarm with 14 percent after 1.73 million units changed hands.
Trading averaged 231,986 units at $2,914,778, compared to an average of 104,172 shares at $651,541 on Tuesday. Trading month to date averages 287,442 units at $3,395,135, in contrast to 295,768 units at $3,467,257 on Tuesday. April averaged 234,200 units at $1,772,561.
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, Caribbean Cement declined $2 to $87 in trading 20,087 shares, Carreras gained 23 cents to close at $9.82 with 109,080 stock units changing hands, Eppley ended 26 cents higher at $35 in clearing the market of 1,491 shares, Eppley Caribbean Property Fund climbed $4.99 to close at $45 with the swapping of 2,000 units, First Rock Capital gained 33 cents to finish at $16.71 in transferring 17,074 stocks. Grace Kennedy shed 50 cents to close at $88.50 with the swapping of 26,786 stock units, Jamaica Broilers climbed $3 to a 52 weeks’ high of $36 in exchanging 37,352 stocks. Jamaica Producers advanced $1.15 to $27.35 with the transfer of 23,717 shares, Jamaica Stock Exchange fell 25 cents to $17.75 after exchanging 14,143 units, JMMB Group fell $1.15 to $31.90 in switching ownership of 66,428 stock units. Kingston Properties lost 25 cents to close at $8.15 after a transfer of 3,536 units, Kingston Wharves rose 50 cents to $45 in swapping 5,912 stocks, Margaritaville lost 50 cents to end at $15 with 8,035 stock units changing hands. Mayberry Investments shed 40 cents in closing at $5.30 in switching ownership of 131,843 shares, Mayberry Jamaican Equities dipped 44 cents to $7.55 after exchanging 10,450 stocks, NCB Financial declined $2.72 to $138.78 trading 62,047 stock units. Palace Amusement rose $1 to $908 in an exchange of 53 units, PanJam Investment fell $1.40 to $63.50 in trading 38,150 stocks, Portland JSX rose 75 cents to a 52 weeks’ high of $10.50 with the transfer of 1,135 shares. Pulse Investments lost 40 cents in closing at $4.30 in an exchange of 411,205 units, Sagicor Group climbed $2.51 to $52 with 2,279,348 shares crossing the market, Salada Foods dropped 20 cents to $7 in transferring 206,193 stock units, Seprod slid 88 cents to end at $77 in switching ownership of 4,451 shares, Supreme Ventures fell $1.44 to $18.51 with 73,026 units changing hands and Wisynco Group rose 50 cents to $16 after exchanging 45,650 units.
In the preference segment, Eppley 8.75% preference share rose $1 to $7.50, in trading 17 stock units, Eppley 7.5% shed 60 cents to close at $11 with 8 units clearing the market, JMMB Group 7.15% – 2028 gained 20 cents to settle at $3 with the swapping of 85,162 units and JMMB Group 7.35% – 2028 finished 24 cents higher at $3.25 in exchanging 2,000 stocks.

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: Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Low trading activity hits JSE Main Market

May 11, 2021 by IC Insider.com

In stock market activity on Tuesday, investors traded 44 percent fewer shares valued 49 percent less than on Monday with just 5,625,284 shares trading for a mere $35,183,198 compared to 10,081,649 units at $68,340,342 on Monday on the Jamaica Stock Exchange Main Market.
Trading activity led to a nice rise in the All Jamaican Composite Index that climbed 2,013.60 points to settle at 449,734.73. The Main Index gained 1,725.03 points to 426,387.55 and The JSE Financial Index inched 0.10 points higher to 106.79.
At the close, 54 securities traded compared to 51 on Monday, with prices of 23 rising, 19 declining and 12 remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.3.
The market closed Sagicor Select Financial Fund led trading with 28.3 percent of total volume for an exchange of 1.59 million shares, followed by Wigton Windfarm with 11.5 percent for 646,723 units and Transjamaican Highway with 11.3 percent for 636,420 units.
Trading averaged 104,172 units at $651,541, compared to 197,679 shares at $1,340,007 on Monday. trading month to date averages 295,768 units at $3,467,257, in contrast to 330,371 units at $3,975,781 on Monday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator shows 11 stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Berger Paints rose 81 cents to $13.52 in trading 187 shares, Caribbean Cement shed 98 cents to $89, with 3,663 shares changing hands. Carreras fell 25 cents to $9.59 in trading 86,427 stock units, Eppley closed 54 cents higher at $34.74 with 36,375 stocks changing hands. First Rock Capital gained 27 cents to settle at $16.38 in switching ownership of 4,250 units, Key Insurance finished 44 cents lower at $6.05 with the swapping of 207,507 shares, Kingston Wharves rose 69 cents to $44.50 in exchanging 3,490 stocks. Margaritaville advanced $1 to $15.50 after the transfer of 3,281 units, Mayberry Investments lost 25 cents to end at $5.70, with 1,219 stocks clearing the market, MPC Caribbean Clean Energy closed $2 higher at $127 with investors switching ownership of 117 stock units. NCB Financial Group advanced $1.50 to $141.50 with 10,070 units crossing the market, Palace Amusement climbed $51 to close at $907 after exchanging 6 stock units, PanJam Investment rose 90 cents to end at $64.90 in an exchange of 5,450 units. Portland JSX jumped $2.64 to close at $9.75 after clearing the market of 100 stocks, Salada Foods declined $1.80 at $7.20 in the transferring of 170,698 stock units, Scotia Group rose 99 cents to $41.50, trading 35,174 stocks, Seprod climbed $6.88 to $77.88 after 12,090 stock units switched owners. Stanley Motta shed 30 cents to close at $5.85 with 1,392 units changing hands, Sterling Investments gained 23 cents to end at $2.98 in switching ownership of 20,900 stocks, Supreme Ventures rose $2.64 to a 52 weeks’ high of $19.95 in exchanging 113,998 shares. Sygnus Credit Investments lost 24 cents in ending at $14.65 with the swapping of 15,776 stock units and Wisynco Group lost 50 cents at $15.50 in an exchange of 107,145 stock units.
In the preference segment, Eppley 7.5% preference shares rose 85 cents to close at a 52 weeks’ high of $11.60 in exchange of 210 units, JMMB Group 7.15% – 2028, fell 20 cents to $2.80 in transferring 19,000 shares and Productive Business Solutions 9.75% preference share gained 49 cents to end at $110 with 21 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.