JSE Main Market chills – Wednesday

True Juice orange juice bottled by Wisynco that traded more than 3.785M units on Wednesday.

Trading on the Main Market ended with 29 securities changing hands resulted in 12 advancing, 10 declining and 7 traded firm with 9,357,015 units valued at $91,768,857 changing hands.
Trading ended with the All Jamaican Composite declined by 180.58 points to close at 316,958.10 on Wednesday and the JSE Index slipped 164.53 points to 288,784.67.
In the main market activity, Barita Investments endded trading 44 cents higher at $7.94, with 6,085 units changing hands, Berger Paints climbed $1 to $18, trading 326,949 shares, Cable & Wireless settled with a loss of 1 cent at $1.39, with 2,140,830 shares, Caribbean Cement ended trading with a loss of 53 cents at $31.47, with 20,428 stock units. Carreras traded at $11.45, with 328,145 units, Ciboney Group finished trading at 37 cents, with 516 shares, Grace Kennedy closed at $43.50, with 82,650 shares, Jamaica Broilers ended with a loss of 59 cents at $17.21, with 3,555 stock units. Jamaica Producers concluded trading 5 cents higher at $16.55, with 6,000 units, Jamaica Stock Exchange finished with a loss of 5 cents at $7, with 88,166 shares, JMMB Group jumped $3 t0 $27, with 18,530 shares trading, Kingston Wharves traded 50 cents higher at $33, with 476 units. Mayberry Investments finished trading with a loss of $1 at $5, with 26,370 shares, NCB Financial Group closed at $99, with 13,121 shares, 1834 Investments ended at $1.30, with 20,000 stock units, PanJam Investment concluded trading with a loss of $1.50 to close at $43.50, with 378,000 units, Portland JSX finished with a loss of 5 cents at $9.95, with 2,000 shares. Pulse Investments settled 59 cents higher at $2.39, with 6,500 shares, Radio Jamaica ended trading 8 cents higher at $1.10, with 100,000 stock units, Sagicor Group traded with a loss of 30 cents at $35, with 4,100 units, Sagicor Real Estate Fund finished trading 50 cents higher at $14.50, with 595 shares. Salada Foods closed $1.50 higher at 52 weeks’ high of $13, with 1,000 shares, Scotia Group ended with a loss of $1.90 at $51.10, with 26,000 stock units, Seprod concluded trading at $31, with 10,600 units, Supreme Ventures settled $1.58 higher at $11.59, with 7,304 shares. VM Investments Limited ended trading 40 cents higher at $4.40, with 1,911,097 stock units and Wisynco Group traded with a loss of 50 cents at $12, with 3,785,911 units. In the main market preference segment, Jamaica Money Market Brokers 7.5% traded 27,300 units at $1.90 and JMMB Group 7.5% traded 14,787 units at $1.16.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Trading picks up on JSE Main Market.”

VM Investments up 63% from IPO

VM Investments gained 63% to end at $4 on Tuesday from the IPO price

The latest listing on the Main Market of the Jamaica Stock Exchange, Victoria Mutual Investments, closed trading with 2.35 million shares with the price rising to a new closing high of $4 for a gain of 63 percent from its IPO price of $2.45, after trading as high as $4.20.
The Main Market of the Jamaica Stock Exchange concluded trading on Monday with 26 securities changing hands versus 22 securities trading on Friday. The price of 10 stocks advanced, 11 declined and 5 traded firm with 11,226,286 units valued at $102,330,476 changing hands.
Trading ended with the All Jamaican Composite 622.57 points to 317,138.68 and the JSE Index advancing by 567.23 points to 288,949.20.
In the main market activity, Berger Paints finished 45 cents higher at $17, trading just 525 shares, Cable & Wireless settled 15 cents higher at $1.40, with 1,804,417 shares, Caribbean Cement ended trading with a loss of 50 cents at $32, with 9,800 stock units, Carreras traded 5 cents higher at $11.45, with 234,822 units. Ciboney Group finished trading with a loss of 4 cents down to 37 cents, with 728 shares, Grace Kennedy closed with a loss of 25 cents at $43.50, with 16,000 shares, Jamaica Broilers ended 10 cents higher at $17.80, with 26,937 stock units, Jamaica Producers concluded trading with a loss of 20 cents at $16.50, with 1,683 units. Jamaica Stock Exchange finished at $7.05, with 12,000 shares, JMMB Group settled with a loss of $1 to end at $24, with 65,054 shares trading, Kingston Properties ended trading at $7.70, with 3,100 stock units, NCB Financial Group closed with a loss of $1 to $99, with 50,823 shares. 1834 Investments ended 5 cents higher at $1.30, with 459,937 stock units, PanJam Investment concluded trading 25 cents higher at $45, with 5,341 units, Pulse Investments settled at $1.80, with 94,172 shares, Radio Jamaica ended trading with a loss of 3 cents at $1.02, with 159,905 stock units, Sagicor Group traded with a loss of $2.70 at $35.30, with 7,563 units. Sagicor Real Estate Fund finished trading with a loss of $1 to $14, with 5,589 shares, Salada Foods closed 25 cents higher at $11.50, with 117,951 shares, Scotia Group ended with a loss of 85 cents at $53, with 104,683 stock units, Seprod settled $1 higher at $31, with 3,250 shares. Supreme Ventures traded with a loss of $1.49 to end at $10.01, with 131,005 units, VM Investments finished trading 76 cents higher to a record close of $4, with 2,353,026 shares trading and WISYNCO Group closed 51 cents higher at $12.50, with 5,546,728 shares changing hands. In the main market preference segment, Jamaica Money Market Brokers 7.25% traded 4,266 units at $2.49, Jamaica Money Market Brokers 7.5% traded 6,981 units at $1.90.

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 starts 2018 with gains.”

JSE Main Market starts 2018 with gains

On the first trading of the new year the Jamaica Stock Exchange closed with the All Jamaican Composite Index climbing 622.57 points to 317,138.68 and the JSE Index advancing by 567.23 points to 288,949.20.
Trading on the Main Market of the Jamaica Stock Exchange settled on Tuesday with 26 securities changing hands, 10 advanced, 11 declined and 5 traded firm with 11,226,286 units valued at $102,330,476 compared to 10,210,190 units valued at $125,309,363 trading, from 26 securities changing hands on Friday.
Trading ended with an average of 431,780 units for an average of $3,935,788 in contrast to an average of 392,700 units for an average of $4,819,591 on Friday. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.

Devon Barrett CEO of VMIL

Recently listed, Victoria Mutual Investments, closed trading with 2.35 million shares with the price rising to a new closing high of $4 for a gain of 63 percent from its IPO price of $2.45, after trading as high as $4.20.
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 9 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Trading in the US dollar market ended with Proven Investments US ordinary share ended with 2,249 units changing hands to end at 21 US cents, the total value of trading amounted to US$472 with the JSE USD Equities Index closing unchanged at 166.17.
The major movers at the close of the market are, recent listed Wisynco traded 5.55 million shares and closed at $12.50. JMMB Group lost $1 to $24, NCB Financial fell $1 to $99, Sagicor Group dropped $2.70 to $35.30, Sagicor X Fund fell $1 to $14, Seprod gained $1 to $31 and Supreme Ventures ended with a loss of $1.49 at $10.01. Cable & Wireless traded 1.8 million shares cents to end at $1.39 in response to news that the majority owners were making an offer of $1.45 for the minority shares.

For more details of market activities see – “VM Investments up 63% from IPO.”

VM Investments up 32% first trading day

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VM Investments gained 32% to end at $3.24 on Friday

The latest listing on the Main Market of the Jamaica Stock Exchange, Victoria Mutual Investments, traded after listing on Friday and closed at $3.24 for a gain of 32 percent from its IPO price, after trading as high as $4 while trading 782,853 shares.
Wisynco that listed on Thursday, closed at $11.99 on heavy trading to gain 52 percent since the public issue in December.
The Main Market of the Jamaica Stock Exchange concluded trading on Friday with 26 securities changing hands, 11 advanced, 4 declined and 11 traded firm with 10,210,190 units valued at $125,309,363.
Trading ended with the All Jamaican Composite Index surging 4,310.37 points to 316,516.11 for a gain of 50.6 percent for the year and the JSE Index jumping by 3,927.24 points to 288,381.97, ending 2017 with a rise of 50 percent versus 22 securities trading on Thursday.
In main market activity, Barita Investments concluded trading with a loss of 45 cents at $7.50, with 11,075 units, Berger Paints finished 4 cents higher at $16.55, with 12,000 shares, Cable & Wireless settled 15 cents higher at $1.25, with 918,469 shares, Caribbean Cement ended trading at $32.50, with 12,000 stock units, Carreras traded at $11.40, with 82,669 units. Grace Kennedy closed 75 cents higher at $43.75, with 118,915 shares, Jamaica Broilers ended with a loss of 30 cents at $17.70, with 13,300 stock units, JMMB Group ended trading $2 higher at $25, with 1,255,076 stock units, Jamaica Producers concluded trading at $16.70, with 104,033 units, Jamaica Stock Exchange finished 5 cents higher at $7.05, with 49,297 shares. Kingston Wharves ended trading at $32.50, with 9,204 stock units, Mayberry Investments traded at $6, with 89,353 units, NCB Financial finished trading $1.50 higher at $100, with 38,507 shares, PanJam Investment ended with a loss of 5 cents at $44.75, with 15,429 stock units. Radio Jamaica settled at $1.05, with 185,174 shares, Sagicor Group ended trading 1 cent higher at $38, with 136,913 stock units, Sagicor Real Estate Fund traded at $15, with 8,817 units, Salada Foods finished trading with a loss of 25 cents at $11.25, with 32,049 shares. Scotia Group closed $3.75 higher at $53.85, with 76,440 shares, Sterling Investments gained $1 and closed at $13, with 7,470 shares, Supreme Ventures ended trading at $11.50, with 515,544 stock units and Wisynco Group traded $1.90 higher to end at a closing record high of $11.99, with 5,090,376 units. In the main market preference segment, Jamaica Money Market Brokers 7.5% traded 550,000 units at $1.90, JMMB Group 7.5% traded 94,000 units at $1.15 and Proven Investments 8.25% ended with 1,227 units trading at $5.90.

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 gains 50% for 2017.”

Wisynco jumps 28% to $10.09

Producers of Wata -Wisynco listed on Thursday

Wisynco shares were listed on the Main Market of the Jamaica Stock Exchange on Thursday, with the price rising $2.22 to end at $10.09 while trading 2,925,359 shares, after it pulled in $18 billion from its IPO with 7,382 new shareholders.
At the close of trading on Thursday, the prices of 8 stocks advanced, 4 declined and 10 traded firm with 4,648,646 units valued at $69,664,482.
Trading ended with the All Jamaican Composite Index jumping 2,370.07 points to 312,205.74 and the JSE Index climbing 2,159.40 points to 284,454.73 with 22 securities changing hands versus 21 securities trading on Wednesday.
In the main market activity, Berger Paints finished 1 cent higher at $16.51, with 2,200 shares trading, Cable & Wireless settled 5 cents higher at $1.10, with 104,781 shares, Caribbean Cement ended trading 99 cents higher at $32.50, with 111,545 stock units, Carreras traded at $11.40, with 65,754 units, Grace Kennedy closed at $43, with 139,950 shares. Jamaica Broilers ended at $18, with 20,988 stock units, Jamaica Producers concluded trading at $16.70, with 19,010 units, Jamaica Stock Exchange finished at $7, with 64,203 shares, JMMB Group settled with a loss of 1 cent at $23, with 404,504 shares. JMMB Group ended trading with a loss of $1 at $23, with 404,504 stock units, Kingston Wharves finished trading at $32.50, with 215 shares, Mayberry Investments closed at $6, with 250,000 shares, NCB Financial ended with a loss of 50 cents at $98.50, with 122,721 stock units. PanJam Investment finished at $44.80, with 12,141 shares, Pulse Investments ended trading at $1.80, with 16,992 stock units, Sagicor Group finished trading $2.24 higher at $37.99, with 43,400 shares, Sagicor Real Estate Fund closed at $15, with 2,000 shares. Salada Foods ended $1 higher at a 52 weeks’ high of $11.50, with 102,000 stock units, Scotia Group concluded trading with a loss of $1.90 at $50.10, with 43,810 units and Supreme Ventures ended trading 80 cents higher at $11.50, with 15,000 stock units. In the main market preference segment,  JMMB Group 7.5% traded 133,300 units at $1.15 and Proven Investments 8.25% ended with 48,773 units trading with a rise of 60 cents at $5.90.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE market indices in sharp upturn.”

JSE market indices in sharp upturn

Trading on the Main Market of the Jamaica Stock Exchange ended with the All Jamaican Composite Index jumping 2,370.07 points to 312,205.74 and the JSE Index climbing 2,159.40 points to 284,454.73 with 22 securities changing hands, versus 21 Securities on Wednesday.
Wisynco shares were listed on the Exchange on Thursday with the price rising $2.22 to end at $10.09 while trading 2,925,359 shares.
At the close of trading, the prices of 8 stocks advanced, 3 declined and 11 traded firm with 4,648,646 units valued at $69,664,482 compared to 18,689,826 units valued at $192,233,164 on Wednesday.
Trading ended with an average of 211,302 units for an average of $3,166,567 in contrast to 50,618 units for an average of $856,086 on Wednesday.
The average volume and value for the month to date amounts to 701,126 units valued at an average of $8,851,977 and previously 730,183 units valued at an average of $9,191,043. 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 9 stocks ended with bids higher than their last selling prices and 5 with lower offers.
Trading in the US dollar market, ended with Productivity Business Solutions exchanging 12,900 shares and rose 2 US cents to 57 US cents and Proven Investments US ordinary share losing 1 US cent with 3,653 units changing hands at 19 US cents, the total value of trading amounted to US$7,948 with the JSE USD Equities Index closing 6.11 points lower at 159.33.
The major movers at the close of the market are, Caribbean Cement that gained 99 cents to $32.50, JMMB Group falling by $1 to $23, Sagicor Group jumping by $2.24 to $37.99, Scotia Group that fell $1.90 to $50.10 and Salada Foods rising by $1 to a 52 weeks’ high of $11.50.
Recent initial Public Offering Victoria Mutual Investments will be listed on the main market of the Jamaica Stock Exchange on Friday.

For more details of market activities see – “Wisynco jumps 28% to $10.09.”

JSE trading drops sharply on Wednesday

Trading on Jamaica Stock Exchange fell sharply on Wednesday to 1,316,067 units with a value of $22,258,246, down from 18,689,826 units valued at $192,233,164 traded on the Main Market of the on Friday.
Main market activity, ended with 26 securities changing hands, compared to 21 on Friday, with 10 advancing, 6 declining and 10 traded firm. At the close, the All Jamaican Composite Index fell 575.12 points to 309,835.67 and the JSE Index lost 524 points to close at 282,295.32 after the market indices for Friday was raised based on a cancellation of a trade in the shares of Supreme Ventures.
In the main market activity, Berger Paints finished with a loss of $1.60 at $16.50, with 5,555 shares trading, Cable & Wireless settled 5 cents higher at $1.05, with 137,812 shares, Caribbean Cement ended trading with a loss of 49 cents at $31.51, with 41,500 stock units, Carreras traded with a loss of 5 cents at $11.40, with 86,297 units, Ciboney finished trading at 41 cents, with 385,200 shares changing hands. Grace Kennedy closed at $43, with 14,659 shares, Jamaica Broilers ended 1 cent higher at $18, with 16,098 stock units, Jamaica Producers concluded trading with a rise of $1.60 to $16.70, with 3,408 units, Jamaica Stock Exchange finished with a loss of 5 cents at $7, exchanging 5,432 shares. JMMB Group settled 50 cents higher at $24, with 26,090 shares, Kingston Properties traded with a loss of 31 cents at $7.70, with 2,090 units, Kingston Wharves finished trading at $32.50, with 3,641 shares. Mayberry Investments closed 63 cents higher at $6, with 5,000 shares, NCB Financial lost $1 to close at $99, with 58,149 stock units trading. PanJam Investment finished with a loss of 20 cents at $44.80, with 58,860 shares, Pulse Investments ended trading 2 cents higher at $1.80, with 500 stock units, Radio Jamaica traded 2 cents higher at $1.05, with 94,271 units, Sagicor Group finished trading 24 cents higher at $35.75, with 129,580 shares. Sagicor Real Estate Fund closed at $15, with 120,420 shares, Salada Foods ended 55 cents higher at $10.50, with 28,000 stock units. Scotia Group concluded trading with a loss of $1.99 at $52, with 22,737 units, Seprod finished at $30, with 30,840 shares and Supreme Ventures ended trading 30 cents higher at $10.70, with 36,200 stock units. In the main market preference segment, Jamaica Money Market Brokers 7.25% traded 2001 units at $2.49, Jamaica Money Market Brokers 7.5% traded 1,000 units at $1.90 after gaining 10 cents and Proven Investments 8.25% ended with 727 units trading with a loss of 20 cents at $5.30.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE changes Friday’s market indices.”

TOP 10 stocks – Watch for Wisynco

Wata produced by Wisynco

Movement in the TOP 10 lists, resulted in just one move out, while some changed positions notably on the list. Main Event was the sole stock dropping from the top list leaving room for Caribbean Cream to move in.
With the Initial Public offerings (IPOS) out of the way, more life returned to the secondary market this past week with the main market gaining strongly but Junior Market stocks continue to struggle but helped by gains in price of two new listings.
The year ahead will see a number of changes to the TOP listings with several of the current listing carrying over. Only ISP Finance so far is showing as a new likely TOP 10 listing for 2018 in the Junior Market. The main market list is likely to see about 4 new entrants for 2018, with Cable & Wireless, Barita Investments, Palace Amusement and Wisynco depending on when it list, joining the top stocks. Radio Jamaica sits just below the TOP 10 and could well squeeze into the 10 by the start of 2018. Profit results for the fourth quarter, are likely to impact prices of most stocks as the information will provide important fuel for price movements.
At the close of Friday, the average PE ratio for Junior Market Top stocks ended at 7.9 and 8.2 for the main market TOP 10. The average PE for the overall main market is 14.2 and 13.4 for the Junior Market, based on 2017 estimated earnings.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 41 percent to the average of the market for Junior Market Top stocks and 42 percent for the main market.
Market Watch| Investors should still keep a keen eye on Caribbean Cement for which supply seems to be declining with the focus on refinancing of leased assets that is expected to result in major savings in cost for 2018 onwards. FosRich and GWest Corporation, the recent IPOs, started trading on the Junior Market last week with strong gains so far, they should be watched in the few trading days left for the year, to glean further directions as both are now richly priced. Others to be watched are, General Accident, Cable & Wireless , NCB Financial, Berger Paints, JMMB Group, Main Event, Lasco Financial, Paramount Trading and Stationery and Office. Wisynco could start trading this week and is expected to create some excitement with the issue more about twice oversubscribed.

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JSE stocks supply 80% of Friday’s trade

Shares of Jamaica Stock Exchange dominated trading and accounted for 80 percent of the 18,689,826 units valued at $192,233,164 traded on the Main Market of the on Friday.
Main market activity, ended with 21 securities changing hands, of which 10 advanced, 6 declined and 5 traded firm. At the close, the All Jamaican Composite Index surged 4,523.22 points to 309,489.06 and the JSE Index climbed by 4,121.16 points to close at 281,979.52.
In the main market activity, Berger Paints closed $1.60 higher at $18.10, with 32,000 shares trading, Cable & Wireless settled with a loss of 6 cents at $1, with 360,865 shares, Caribbean Cement ended trading 30 cents higher at $32, with 42,500 stock units, Carreras traded 5 cents higher at $11.45, with 188,605 units, Ciboney Group finished trading 6 cents higher at 41 cents, with 20,000 shares. Grace Kennedy closed at $43, with 62,393 shares, Jamaica Broilers ended with a loss of 1 cent at $17.99, with 425,917 stock units, Jamaica Stock Exchange finished with a loss of 25 cents at $7.05, with 15,007,575 shares, JMMB Group settled 50 cents higher at $23.50, with 15,450 shares. JMMB Group ended trading 50 cents higher at $23.50, with 15,450 stock units, Kingston Wharves finished trading 25 cents higher at $32.50, with 37,414 shares, Mayberry Investments closed with a loss of 23 cents at $5.37, with 852,137 shares, NCB Financial ended $1.49 higher at $100, with 219,637 stock units. PanJam Investment finished $2 higher at $45, with 11,000 shares, Portland JSX settled 50 cents higher at $10, with 200 shares, Pulse Investments ended trading at $1.78, with 29,000 stock units, Sagicor Group finished trading with a loss of 49 cents at $35.51, with 394,829 shares. Sagicor Real Estate Fund closed at $15, with 18,000 shares, Salada Foods ended at $9.95, with 500 stock units, Scotia Group concluded trading 5 cents higher at $53.99, with 305,536 units, Seprod finished at $30, with 298,745 shares and Supreme Ventures ended trading with a loss of 30 cents at $10.40, with 367,523 stock units changing hands.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Big 4,523 points surge in JSE index.”

Supreme Ventures in big Thursday trade

Supreme Ventures traded the most shares on Thursday.

Supreme Ventures accounted for 98 percent of the volume traded on the Main Market of the Jamaica Stock Exchange on Thursday, resulting from 168.7 million shares changing hands and bumping the market volume to 171,582,338 units valued at $1,664,149,762.
Main market activity ended with 21 securities changing hands, of which 11 advanced, 4 declined and 8 traded firm. In contrast, 27 securities changed hands on Wednesday with to 1,811,480 units valued at $72,434,801 passing through the exchange.
At the close, the All Jamaican Composite Index dropped 2,129.59 points to 304,965.84 and the JSE Index dipped by 1,940.29 points to 277,858.36.
In the main market activity, Berger Paints ended with a loss of 40 cents at $16.50, with 30,792 shares trading, Cable & Wireless settled 1 cent higher at $1.06, with 41,500 shares, Caribbean Cement ended trading 20 cents higher at $31.70, with 8,300 stock units, Carreras traded at $11.40, with 29,391 units, Ciboney Group finished trading at 35 cents, with 22,900 shares. Grace Kennedy closed at $43, with 132,187 shares, Jamaica Broilers ended 50 cents higher at $18, with 26,918 stock units, Jamaica Producers concluded trading with a loss of 6 cents at $15.10, with 20,000 units, Jamaica Stock Exchange finished 25 cents higher at $7.30, with 77,425 shares. JMMB Group ended trading with a loss of 90 cents at $23, with 1,905,342 stock units, Kingston Wharves finished trading 25 cents higher at $32.25, with 3,640 shares, Mayberry Investments closed 20 cents higher at $5.60, with 100,000 shares. NCB Financial Group ended with a loss of $1.49 at $98.51, with 224,896 stock units, PanJam Investment settled at $43, with 51,064 shares, Pulse Investments traded at $1.78, with 500 units. Radio Jamaica finished trading at $1.03, with 20,000 shares, Sagicor Group closed at $36, with 2,285 shares, Sagicor Real Estate Fund ended 50 cents higher at $15, with 7,820 stock units, Salada Foods Jamaica concluded trading at $9.95, with 4,000 units. Scotia Group finished $3.74 higher at $53.94, with 168,006 shares and Supreme Ventures traded 20 cents higher at $10.70, with 168,705,372 units.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Gains ecxceed losses but indices drop.