Caribbean Cement

Steady trading on JSE Main market

January 27, 2021 by IC Insider.com

Trading ended on Wednesday with an equal number of stocks rising and falling leaving the Jamaica Stock Exchange Main Market Index virtually flat after an exchange of 49 percent fewer shares than on Tuesday with a 31 percent fall in the value.
At the close, the All Jamaican Composite Index shed 8.73 points to settle at 419,396.65, the Main Index slipped 12.43 points to 382,636.75 and the JSE Financial Index lost 0.37 points to settle at 97.93.
The number of securities trading remained elevated with 44 changing hands, down from 46 on Tuesday as the market closed with 12 stocks rising, 12 declining and 20 closing unchanged. The PE Ratio closed with an average of 16.6 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with 5,962,706 shares traded for $43,631,865 compared to 11,593,159 units at $63,685,850 on Tuesday. Transjamaican Highway led trading with 41 percent of total volume for 2.45 million shares followed by Sagicor Select Financial Fund with 22.7 percent for 1.35 million units and Wigton Windfarm with 9 percent market share, with 533,829 units changing hands.
Trading for the day averaged 135,516 units at $991,633 down from an average of 252,025 shares at $1,384,475 on Tuesday. The month to date averaged 317,481 units at $1,213,011 for each security, in contrast to 328,085 units at $1,225,912 on the prior trading day. Trading in December averaged 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator reading has 11 stocks ending with bids higher than their last selling prices and five with lower offers.
At the close of the market, Caribbean Cement climbed $4.99 to $64.99 in trading 19,142 shares, Jamaica Stock Exchange shed 50 cents to end at $18.50, after exchanging 18,130 units, JMMB Group fell $1.49 to end at $31.51, with a transfer of 178,666 shares. Mayberry Investments rose 43 cents to $5.83, with the swapping of 1,100 units. Pan Jam Investment advanced by $2 to $68, with 4,690 stocks changing hands, Scotia Group declined $1.50 to end at $42.50 trading 28,644 shares. Supreme Ventures rose 34 cents to close at $17.25 and finishing with an exchange of 31,430 stock units and Sygnus Credit Investments ended 30 cents higher at $16.40, after crossing the market with 10,730 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, 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

Bounce for JSE Main Market

January 26, 2021 by IC Insider.com

Stocks regained some of the ground lost in Monday’s trading when the market closed on Tuesday after an exchange of 65 percent fewer shares at 23 percent less value than on Monday at the close of the Jamaica Stock Exchange Main Market with more stocks rising than falling
At the close, the All Jamaican Composite Index advanced by 793.87 points to 419,405.38 and the Main Index rose 732.08 points to 382,649.18, and the JSE Financial Index gained 0.60 points to settle at 98.30.
Trading ended with 46 securities changing hands compared to 48 on Monday and closed with prices of 18 stocks rising, 12 declining and 16 remaining unchanged. The PE Ratio closed with an average of 16.5 based on ICInsider.com forecast of 2020-21 earnings.
The market closed with 11,593,159 shares traded for $63,685,850 down from 32,802,782 units at $83,157,380 on Monday. Sagicor Select Financial Fund led trading with 18.3 percent of total volume after an exchange of 2.13 million shares followed by Wigton Windfarm with 16.4 percent for 1.90 million units, QWI Investments accounted for 16.2 percent with 1.88 million units, Carreras with 13.7 percent for 1.59 million units. Transjamaican Highway ended with 12.7 percent for 1.47 million units and Pulse Investments with a 9.2 percent market share for 1.07 million units.
Trading averaged 252,025 units at $1,384,475 for each security, compared to an average of 683,391 shares at $1,732,445 on Monday. The month to date averaged 328,085 units at $1,225,912, in contrast to 333,020 units at $1,215,624 on Monday. Trading in December averaged 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator reading has eight stocks ending with bids higher than their last selling prices and six with lower offers.
At the close of the market, Eppley slipped 70 cents to $23, trading 11,150 shares, Grace Kennedy closed 38 cents lower at $67.60 with an exchange of 47,497 stock units, Jamaica Broilers rose $1.06 to $29.11, with 355 shares clearing the market. JMMB Group climbed $1.04 to $33 after 463,646 units crossed the market with, Key Insurance lost 40 cents to end at $6.30, in exchanging 49,080 stock units. Mayberry Jamaican Equities gained 81 cents to finish at $7.14 after 74,800 shares cleared the market, MPC Caribbean Clean Energy advanced by $14 to $156 trading 25 stock units, NCB Financial slid $1.50 to $136, transferring 24,191 units. 138 Student Living shed 45 cents to end at $4, after exchanging 500 stocks, Pan Jam Investment gained 50 cents to close at $66, in an exchange of 2,349 shares, Portland JSX declined $1.25 to $7.10, with 1,000 units crossing the market, Pulse Investments gained 27 cents to $4.80 in exchanging 1,067,423 shares. Sagicor Group rose 85 cents to $47.50, with 156,219 units crossing the market, Sagicor Real Estate Fund gained 70 cents to close at $8.95 trading 500 stocks, Salada Foods fell $3 to $33, with 966 stock units changing hands. Scotia Group fell 50 cents to $44 after the transferring of 20,375 units and Sygnus Credit Investments closed at $16.10, with a loss of $1.80 136,520 stock units changing hands.
In the preference segment, Eppley 8.75% preference share rose 49 cents to $7 trading 55 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, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Big drop for JSE Main Market

January 25, 2021 by IC Insider.com

Prices mostly tumbled on Monday leaving a big dent in the main indices on the Jamaica Stock Exchange Main Market after an exchange of 192 percent more shares than on Friday, powered a 33 percent increase in value.
At the close, the All Jamaican Composite Index dropped 4,370.75 points to 418,611.51, the Main Index fell by 3,942.49 points to 381,917.10 and the JSE Financial Index lost 0.93 points to settle at 97.70.
Trading ended with 48 securities changing hands up from 42 on Friday and closed with prices of 18 stocks rising, 22 declining and eight remaining unchanged. The PE Ratio closed with an average of 16.6 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with 32,802,782 shares traded for $83,157,379 versus 11,202,034 units at $62,395,199 on Friday.
Wigton Windfarm dominated trading by controlling 71 percent of total volume, with 23.3 million shares followed by Transjamaican Highway with 13.5 percent for 4.4 million units and Pulse Investments with 3.7 percent market share for 1.2 million units.
Trading averaged 683,391 units at $1,732,445, compared to 266,715 shares at $1,485,600 on Friday. The month to date averaged 333,020 units at $1,215,624 up from 307,577 units at $1,178,094 previously. Trading in December averaged 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments fell 68 cents to $82.30, in trading 28,120 shares, Berger Paints added 50 cents to end at $13.50, with 962 units changing hands, Eppley climbed $1.69 to $23.70, with a transfer of 563 stock units. Jamaica Broilers fell 95 cents to $28.05, with the swapping of 22,447 stocks, JMMB Group finished at $31.96, after losing $1.04 trading 25,183 shares, Kingston Wharves dropped $4.98 in closing at $44, with 89,700 stock units crossing the market. Mayberry Jamaican Equities picked up 33 cents to settle at $6.33, after exchanging 34,282 shares, MPC Caribbean Clean Energy rose $4.99 to $142, with the trading of just one unit, NCB Financial fell $1.50 to $137.50, in an exchange of 101,228 shares. Palace Amusement advanced by $214 to $1,215 after 3 stock units changed hands, Pan Jam Investment lost $3 to end at $65.50, with a transfer of 31,652 stock units, Sagicor Group slid $2.34 to $46.65, with investors switching ownership of 293,733 units. Sagicor Real Estate Fund shed 70 cents to settle at $8.25 trading 4,399 stock units, Salada Foods rose $1 to close at $36, in an exchange of 84 shares, Supreme Ventures shed 65 cents to $16.80, with 15,186 stocks crossing the market. Sygnus Credit Investments slipped 49 cents to $17.90 after transferring 18,380 stock units and Wisynco Group lost 33 cents in closing at $16 trading 84,310 shares.
In the preference segment, Eppley 8.25% rose 58 cents to close at $6.58, in exchanging 1,594 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, 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, 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

45% gains for ICTOP15 stock

January 23, 2021 by IC Insider.com

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Robust gains for some stocks after less than a month of trading in 2021 have shaken up ICTOP 15 stocks forcing a number of them out or at the edge of moving out of the 2021 TOP list. Jamaican Teas now the lead stock for the year, dropped out of the Junior Market list this week, with a rise of 45 percent since the start of the year.

Jamaican Teas is the leading JSE stock for 2021 to date with a 45% increase in price.

This brings to two, stocks that have migrated from the Junior Market TOP15 so far. Jamaica Producers fell out of the Top 15 Main Market list with the price dropping to $19.81, from $21 but Margaritaville suffered a greater fall to replace it.
Jamaican Teas one of the top 15 stocks for 2021 scaled record highs this past week as more and more investors piled into the stock since the three for one stock split in November last year. The gain also follows the directors’ report for the September quarter results that stated “Subsequent to the year-end, overall sales increased by 47 percent in October 2020, with export sales increasing 85 percent and a 10 percent increase in domestic sales. We have good orders in hand for November and these developments, along with booking of more real estate sales, hopefully, improvement in the investment portfolio should result in a good first quarter for the financial year 2021.”
Mailpac was the first to drop out of the list and now has gains of 29 percent so far in 2021. Lumber Depot surged to $2.10 on Friday but closed at $1.95 from $1.46 last week and now sits at 15^th spot on the Junior Market TOP15 for 2021, with a 25 percent gain for the year to date. Reports in the newspapers indicate bullish sales expectations from Caribbean Cement and rising prices for some construction inputs.

MailPac is the Junior Market second-best performing stock for 2021.

The news pushed investors to snap up Lumber Depot stock and drove the price much higher, since. QWI Investments is up 17 percent since the end of last year to trade at 90 cents with the net asset value rising since the latter part of last year to sit at $1.18 as gains in both local and overseas stocks continue to add to the value of the company’s portfolio. The stock is now at 14^th spot on the Main Market list. A large number of shares were overhanging the market and pressuring the stock price. Once they were bought out, the supply has shrunken leaving room for the price to recover.
Caribbean Cream posted eleven percent growth in sales for the November quarter and eight percent for the nine months, with profit rising 96 percent for the nine months and a 37.5 percent increase for the third quarter. The stock is up 18 percent for the year at the close on Friday and remains at the seventh position on the 2021/22 TOP15 list.
With interest rates at low levels on government bonds and expected to remain low for a protracted period, investors are becoming more comfortable with PE of 20 times earnings or more, according to the TOP 15 rankings the above stocks still have room to gain over 90 percent from the current price for the rest of the year.

It pays to read ICInsider.com.

Filed Under: Buy Rated, Investment 2024 Tagged With: Caribbean Cement, Caribbean Cream, Emerging markets, Jamaica Producers Group, Jamaica Stock Exchange, Jamaican Stock, Jamaican Teas, junior market, Kremi, Lumber Depot, Mailpac, Margaritaville, QWI Investments

Rising prices dominate JSE Main Market

January 22, 2021 by IC Insider.com

Rising prices dominated trading on the Jamaica Stock Exchange Main Market on Friday after a 57 percent decline in the volume traded, with a 25 percent increase in value compared to Thursday.
At the close, the All Jamaican Composite Index advanced by 1,123.91 points to 422,982.26, the Main Index rose 1,017.06 points to 385,859.59 and the JSE Financial Index gained 0.32 points to settle at 98.63.
Trading ended with 42 securities changing hands, the same as on Thursday and closed with prices of 19 stocks rising, 14 declining and nine remaining unchanged. The PE Ratio closed with an average of 16.7 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors traded 11,202,034 shares for $62,395,199 compared to 25,722,942 units at $49,768,965 on Thursday.
Carreras led trading with 45.2 percent of total volume for 5.06 million shares followed by Wigton Windfarm with 13.7 percent for 1.54 million units and Transjamaican Highway with 12.5 percent market share after 1.4 million units changed hands.
Trading averaged 266,715 units at $1,485,600, compared to 612,451 shares at $1,184,975 on Thursday. Month to date, resulted in anaverage of 307,577 units at $1,178,094 in contrast to 310,349 units at $1,157,230 on Thursday. Trading in December averaged 455,206 units at $7,774,631.

Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments rose 98 cents to end at $82.98, trading 11,785 shares, Caribbean Cement declined by $3 to $60 after trading 37,604 stock units, JMMB Group gained 50 cents to close at $33, in swapping 55,094 shares. Mayberry Jamaican Equities settled at $6, with a loss of $1.05 after exchanging 93,304 stock units, Palace Amusement dropped $88.90 to end at $1,001, after investors switched ownership of 27 shares, PanJam Investment climbed $3 to $68.50 trading 2,555 stock units. Sagicor Real Estate Fund advanced by 70 cents to close at $8.95, in clearing the market with 193 units, Salada Foods rose 99 cents to $35 while exchanging 300 stock units and Scotia Group finished 60 cents higher at $44.60, with 75,000 shares changing hands.
In the preference segment, Eppley 8.25% fell $1 to $6, with 5,000 shares crossing 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: 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 Jamaica Equities, NCB Financial, PANJAM Investment, 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

Another sliding day for JSE majors

January 21, 2021 by IC Insider.com

Stocks ended the third consecutive day with negative reading after a 149 percent rise in the number of shares trading, but with 57 percent drop in value than on Wednesday at the close of the Jamaica Stock Exchange Main Market on Thursday.
At the close, the market is down 2.7 percent for the year so far (39 percent annualized) as the All Jamaican Composite Index dropped 1,727.89 points to 421,858.35, the Main Index fell by 1,536.26 points to 384,842.53 and the JSE Financial Index lost 1.21 points to settle at 98.31.
Trading ended with 42 securities changing hands compared to 44 on Wednesday and closed with prices of 18 stocks rising, 15 declining and nine remaining unchanged. The PE Ratio now averages 16.6 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors traded 25,722,942 shares for $49,768,965 from 10,349,742 units at $116,591,215 on Wednesday. Wigton Windfarm led trading with 44.2 percent of total volume, with 11.38 million shares, followed by Transjamaican Highway with 24.1 percent for 6.21 million units, JMMB Group 7.5% with 11.7 percent for 3.01 million units, QWI Investments ended with 9.3 percent for 2.38 million units and Sagicor Select Financial Fund with 3.9 percent for 1.01 million units changing hands.
Trading averaged 612,451 units at $1,184,975, versus 235,221 shares at $2,649,800 on Wednesday. Trading month to date averaged 310,349 units at $1,157,230, in contrast to 288,359 units at $1,155,210 on Wednesday. Trading in December averaged 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments shed 50 cents to end at $82, in switching ownership of 22,635 shares, Berger Paints fell by $1.39 to $12.91, with 705 units changing hands. Caribbean Cement climbed $1.50 to close at $63 trading 187 stock units, Eppley settled at $22.01, after losing $1.94 and exchanging 1,300 stocks, Jamaica Broilers rose $1 to $29, in transferring 22,026 shares. Key Insurance rose 45 cents to $6.75, with an exchange of 20,882 stock units, Kingston Wharves gained 30 cents to end at $48.80, after 213 shares crossed the exchange, 138 Student Living rose 44 cents to $4.44, with 100 stock units crossing the market, PanJam Investment declined $3 to $65.50, with a transfer of 72 units. Proven Investments finished 40 cents higher at $36.90, in an exchange of 5,239 stock units, Sagicor Real Estate Fund shed 70 cents in closing at $8.25, in clearing the market with 2,042 shares, Scotia Group slipped 30 cents to $44 while exchanging 7,718 stocks. Stanley Motta gained 39 cents to settle at $5.45, in trading 296 stock units, Supreme Ventures rose 50 cents to close at $17.50, with the swapping of 50,071 shares and Sygnus Credit Investments advanced by 99 cents to $18.39, with 5,816 units changing hands.

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, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

More slippage for JSE Main Market

January 20, 2021 by IC Insider.com

Trading ended with an 85 percent increase in the number of shares changing hands at 3 times the values than on Tuesday at the close of Jamaica Stock Exchange Main Market with the market indices declining for a second consecutive day even as more stocks rose than declined.
The All Jamaican Composite Index fell by 1,177.07 points to 423,586.24, the Main Index declined 925.66 points to 386,406.15 and the JSE Financial Index lost 0.30 points to close at 99.52.
Trading ended with 44 securities changing hands versus 43 on Tuesday and closed with prices of 21 stocks rising, 14 declining and nine remaining unchanged. The PE Ratio closed with an average of 16.6 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 10,349,742 shares for $116,591,215, up from 5,599,223 units at $35,696,430 on Tuesday. Sagicor Select Financial Fund led trading with 20.5 percent of the volume after an exchange of 2.12 million shares followed by Jamaica Broilers with 19.05 percent for 2.02 million units, QWI Investments with 16.9 percent for 1.75 million units and Wigton Windfarm with 15.7 percent for 1.62 million units changing hands.
Trading for the day averaged 235,221 units at $2,649,800, compared to 130,214 shares at $830,150 on Tuesday. Trading month to date averaged 288,359 units at $1,155,210, in contrast to 292,746 units at $1,031,829 on Tuesday. Trading in December averaged 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments gained 40 cents to end at $82.50, with 1,246 shares changing hands, Berger Paints rose $2.29 to $14.30 trading 4,744 stocks. Caribbean Cement shed 60 cents to close at $61.50, after exchanging 103,117 stock units, Eppley finished at $23.95, with gains of $1.95, with 1,472 stocks switching ownership. Eppley Caribbean Property Fund advanced $3.99 to $45, with 434 stocks crossing the exchange, Grace Kennedy ended $3.18 higher at $67.98, in exchanging 504,922 units, Jamaica Producers lost 91 cents to close at $19.81, after 79,708 shares crossed the exchange. JMMB Group slid 45 cents to t $32.55, with a transfer of 12,304 stock units, Key Insurance gained 39 cents to close at $6.30, in exchanging 920 stocks, Mayberry Investments lost 53 cents to finish at $5.31, in trading 1,020 units. NCB Financial rose $1 in ending at $139, with the swapping of 25,215 shares, 138 Student Living rose 65 cents to $4, in exchange of 200 units, Pan Jam Investment gained 41 cents to settle at $68.50, after clearing the market with 5,825 units, Sagicor Group lost 75 cents to end at $49.25, with an exchange of 8,531 units. Scotia Group closed at $44.30, with gains of 30 cents after exchanging 12,713 shares, Supreme Ventures rose 35 cents to $17 trading 14,379 stocks, Sygnus Credit Investments finished 40 cents higher at $17.40, with the swapping of 74,012 stock units.
In the preference segment, Community & Workers Credit Union slipped 30 cents to $1.80 after trading 500 shares and Eppley 7.5% preference share rose $1 to $7 trading 138,753 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, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, 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

Declining JSE Main Market

January 19, 2021 by IC Insider.com

Tuesday’s market activity drove more stocks down than up at the close of the Jamaica Stock Exchange Main Market resulting in the main market indices declining after trading volume slipped modestly but with 39 percent higher value than on Monday.
At the close, the All Jamaican Composite Index dropped 3,548.17 points to 424,763.31, the JSE Main Index carved out a loss 3,280.43 points to settle at 387,331.81 and the JSE Financial Index shed 0.77 points to close at 99.82. The day’s loss pulled the market down two percent for the year to date.
Trading ended with 43 securities changing hands, down from 48 on Monday and closed with prices of 16 stocks rising, 21 declining and six remaining unchanged.
The average PE Ratio closed at 16.4 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 5,599,223 shares for $35,696,430 compared to 5,906,893 units at $25,643,760 on Monday. Wigton Windfarm led trading with 19.7 percent of total volume for 1.11 million shares followed by Sagicor Select Financial Fund 17.9 percent, with 1 million units and Pulse Investments with 15.4 percent market share for 863,587 units.
Trading for the day averaged 130,214 units at $830,150 compared to 123,060 shares at $534,245 on Monday. Trading month to date averaged 292,746 units at $1,031,829, in contrast to 307,009 units at $1,049,528 on Monday. Trading in December averaged 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments fell $1.82 to end at $82.10, in exchanging 50,001 shares, Berger Paints closed at $12.01, after losing $1.99 with 1,741 units crossing the exchange. Eppley lost 60 cents in closing at $22, with an exchange of 2,600 shares, Eppley Caribbean Property Fund slid $1.99 to $41.01 in trading 390 units, Jamaica Broilers rose 75 cents to $28.25, with investors swapping 1,943 stock units. JMMB Group gained 47 cents to settle at $33, in trading 51,000 shares, Kingston Wharves finished 50 cents higher at $48.50 after a transfer of 1,199 stock units, 138 Student Living shed $1.09 to close at $3.35 in trading 11,000 shares, Proven Investments lost 40 cents to close at $36.50 with 805 units changing hands. Salada Foods settled at $34.01, with a loss of 99 cents after exchanging 100 shares, Scotia Group climbed $1.90 to $44, in swapping 4,422 units, Stanley Motta slipped 41 cents to $5.06, in crossing the market with 4,021 stock units and Supreme Ventures shed 65 cents to close at $16.65, after 34,402 shares cleared 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: 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 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

All round gains for JSE Main market

January 18, 2021 by IC Insider.com

The major market indices rose in trading on Monday after investors expended 32 percent fewer funds in trading 11 percent less volume than on Friday at the close of the Jamaica Stock Exchange Main Market after slightly more shares fell than gained.
At the close, the All Jamaican Composite Index advanced 1,389.55 points to 428,311.48, the Main Index rose 1,200.38 points to 390,612.24 and the JSE Financial Index gained just 0.13 points to 100.59.
Trading ended with 48 securities changing hands compared to 44 on Friday and closed with prices of 18 stocks rising, 22 declining and eight remaining unchanged. The PE Ratio averaged 16.6 based on ICInsider.com forecast of 2020-21 earnings.
The market closed with an exchange of 5,906,893 shares for $25,643,760, down from 6,649,726 units at $37,545,320 on Friday. Wigton Windfarm led trading with 48 percent of total volume for 2.83 million shares followed by Pulse Investments, 11.1 percent with 655,714 units and Transjamaican Highway 10.3 percent with 608,465 shares.
Trading for the day averaged 123,060 units at $534,245, compared to an average of 151,130 shares at $853,303 on Friday. Trading month to date averaged 307,009 units at $1,049,528 for each security, in contrast to 326,985 units at $1,105,486 on Friday. Trading in December averaged 455,206 units at $7,774,631.
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 of trading, Berger Paints rose 50 cents to $14, after exchanging 51 shares, Eppley gained 55 cents to end at $22.60 trading 3,851 units. Grace Kennedy closed 45 cents higher at $65, finishing with a transfer of 10,801 shares, Jamaica Broilers shed 89 cents to end at $27.50, with an exchange of 18,995 units, Jamaica Producers advanced by $1.40 to $21, in trading 23,808 stock units. JMMB Group ended 96 cents lower at $32.53, with 51,400 stocks crossing the exchange, Kingston Wharves climbed $1.24 to $48, in switching ownership of 4,055 shares, Mayberry Jamaican Equities shed 64 cents to $7.05 trading 16,542 stocks. MPC Caribbean Clean Energy dropped $12.99 to $137.01, in an exchange of 387 stock units, NCB Financial fell by $1 to $138, with the swapping of 39,251 shares, 138 Student Living lost 45 cents to end at $4.44, with 90 stocks changing hands, Palace Amusement declined by $10.10 to $1,089.90, in exchanging 123 stock units. Pan Jam Investment closed at $68, after losing $2.17 and trading 4,017 shares, Sagicor Real Estate Fund rose 70 cents to $8.95, in a transfer of 250 stocks, Salada Foods advanced to $35, with gains of $1.80 in switching ownership of 44,051 stock units. Scotia Group fell $1.90 to $42.10, exchanging 8,179 shares and Seprod gained 30 cents, ending at $63.80 after 10,198 stocks crossed the exchange.
In the preference segment, Eppley 8.75% preference share lost 50 cents in ending at $6.50 and trading 2,000 stock units and Eppley 7.5% preference share shed $1 to close at $6, after exchanging 1,717 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 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

Friday’s trading halts falling market Index

January 15, 2021 by IC Insider.com

Stocks prices declining outpaced those rising by a ratio of two to one at close on Friday, but market activity brought modest relief to the Jamaica Stock Exchange Main Market that has been suffering declines for most of the week.
At the close, the All Jamaican Composite Index advanced 909.45 points to 426,921.93, the JSE Main Index rose 665.72 points to 389,411.86, and the JSE Financial Index gained 0.29 points to close at 100.46.
Trading ended with 44 securities changing hands compared to 43 on Thursday and closed with prices of 10 stocks rising, 20 declining and 14 remaining unchanged. The PE Ratio closed with an average of 16.6 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 49 percent fewer shares than on Thursday as 6,649,726 shares traded for $37,545,320 compared to 12,956,415 units at $60,027,692 on Thursday. Pulse Investments led trading with 37.8 percent of total volume for 2.52 million shares, followed by QWI Investments with 23.4 percent for 1.55 million units and Transjamaican Highway 13.1 percent, with 871,930 units.
Trading for the day averaged 151,130 units at $853,303, compared to 301,312 shares at $1,395,993 on Thursday. Trading month to date averaged 326,985 units at $1,105,486, in contrast to 346,427 units at $1,133,366 on Thursday. Trading in December averaged 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of trading, Caribbean Cement fell by $1.30 to end at $62.20, after 5,041 shares cleared the market, Eppley climbed $2.62 to $22.05, with an exchange of 39,312 shares, Eppley Caribbean Property Fund declined by $5 to end at $43 after trading 9,899 units. First Rock Capital shed 35 cents to close at $12.65, in an exchange of 23,397 shares, Grace Kennedy slid 44 cents to $64.55, with 29,798 stock units changing hands, Jamaica Broilers gained 39 cents to end at $28.39, in trading 2,744 units. Jamaica Producers shed 40 cents to $19.60, with swapping of 204,526 stocks, Jamaica Stock Exchange finished at $18.31, after losing 64 cents and transferring 19,484 units, JMMB Group rose 98 cents to $33.49, with investors swapping 45,098 stocks. Kingston Wharves shed 74 cents to end at $46.76, in switching ownership of 425 units, NCB Financial fell $1 to $139, with 37,390 stock units crossing the market, Palace Amusement dropped $200 in closing at $1,100, with an exchange of 39 units. PanJam Investment fell $1.77 to $70.17, in transferring 1,793 units, Salada Foods ended at $33.20, with a loss of $2.80 trading 21,881 stocks, Scotia Group rose $1 to $44, after exchanging 22,377 shares, Seprod shed 70 cents in closing at $63.50, in an exchange of 10,331 stocks and Stanley Motta settled at $5.45, with gains of 39 cents while exchanging 7,231 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.