The big winners from tourism rebound

Jamaica tourism arrival numbers are approaching 80 percent of the 2019 figures. That is good news for the country, workers in the industry, and businesses close to the hotel areas and has major implications for listed companies.  

Caribbean Producers back in TOP 10

Recent data of inward bound passengers through the country’s international airports suggest that tourist arrivals for 2021 will be robust and at levels that far surpass that of 2020. Not only will the numbers exceed that of 2020, but the most lucrative period of December to April when visitor arrival numbers are some of the best monthly patronages, but the rates paid to visit are at the highest for the year.
The rebound means more revenues for the government, more foreign exchange earnings for the country, more wages paid to workers and more income for persons and companies providing goods and services to the sector.
The big winners for listed companies are Caribbean Producers, a major supplier of goods to sector in Jamaica and St Lucia. Everything Fresh is also a significant supplier to the sector in Jamaica and should see a rise in sales, Express Catering generates all its income from the industry, with its locations within the Sangster International Airport and Dolphin Cove with its attractions being a big draw for tourists.

Dolphin Cove

Others to benefit to a lesser degree are GraceKennedy, Wisynco, Jamaica Broilers, Knutsford Express and Fontana, the latter, with stores in Ocho Rios and Montego that sell to the visitors.
The rebound has significant implications for the foreign exchange market in 2022. In 2019, the tourism sector earned around $3 billion and just $1 billion in 2020. A return to 2019 visitor arrival number should see another $2 billion gross generated by the country than for 2020 and 2021, along with the billion increase in remittances since 2019 if maintained into 2022, should result in one of the most buoyant foreign exchange environment for the county.

Lumber back in ICTOP10

Markets keep bouncing around with no clear direction and could be weight down by a number of factors, including rising interest rates as Bank of Jamaica starts its tightening of the financial market, Barita Investments APO that will drain or divert funds from secondary trading of other stocks and the absence of any other major news that could move stock prices meaningfully. Against this background, there was little movement in and out of the ICTOP10 listings this past week.
Lumber Depot moved back into the ICTOP10 with the price pulling back under $3 and replaced tTech that enjoyed a price bounce from $4.20 last week to $4.50 this past week.
Elsewhere, in the Junior Market, Dolphin Cove rose $1 to $10.15 and Stationery and Office Supplies rose 85 cents to $6.60 and in the Main Market, Berger Paints rose $1.19 to $13.74, JMMB Group fell 76 cents to $35.74, Guardian Holdings dropped $19 to $590 and Grace Kennedy lost $2 to end at $100 as demand for the stock seems lukewarm at this stage of the market, with the third quarter results being a month and a half away and Sygnus Credit Investments rose 84 cents to $16.
The top three Main Market stocks are, Berger Paints followed by JMMB Group and Guardian Holdings, with expected gains of 212 to 257 percent for the three, versus last weeks’ 202 to 290 percent.
The top three stocks in the Junior Market, are Elite Diagnostic, followed by General Accident and Medical Disposables, with all three having the potential to gain between 224 percent and 291 percent, which is similar to last week.
This past week, the average gains projected for the Junior Market, moved from 209 percent to 197 percent and Main Market stocks moved from 170 percent to 173 percent.
The Junior Market closed the week with an average PE of 12 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 as well as the historical average of 17, for the period to March this year, based on 2020 earnings. The TOP 10 trades at a PE of 6.9, with a 42 percent discount to that market’s PE and the potential to rise 67 percent to March next year, based on an average PE of 20.
The JSE Main Market ended the week with an overall PE of 16, a little distance from 19 the market ended at in March, suggesting a 23 percent rise at a PE of 19 and 29 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.6, with a 52 percent discount to the PE of that market, well off the potential of 20.
ICTOP10 stocks are not intended to be a selection of the best stocks in the market but ones that are most likely to be the best winners within a fifteen months period. ICInsider.com ranks stocks to filter out the bigger winners from the rest, allowing investors to focus on potentially huge winners, helping to keep out emotional attachments to stocks that often result in costly mistakes being made.
 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.

tTech in, Jetcon out of ICTOP10

In a week when the Junior Market slipped just one percent after 32 points fall and the Main Market nearly 4,000 points for a fall of just under one percent, there was little change to the ICTOP10 listings, but change there was.
Jetcon Corporation came into the TOP10 in the prior week and enjoyed a modest pickup from 91 cents and is overtaken by tTech after the price fell from $4.70 last week to $4.20 this past week.
The highlights for this past week are Future Energy Source, Sygnus Credit Investments, after posting full year profit, Radio Jamaica, with Lumber Depot coming into focus,  Fontana, Scotia Group and Jamaica Broilers that all released quarterly results with differing outcomes.
Following the release of outstanding first quarter and full year results last week, Sygnus Credit Investments announced a dividend of 0.262 of a US cent payable on October 15, but the stock price pulled back from $16.30 last week to $15.16. Radio Jamaica made some recovery to close the week at $3.58, up from $3.17. The company also announced a 2 cents dividend to be paid in mid-October, but the stocks appear to stay below $4 for a while, with demand currently weak above $3.50.
Elsewhere, Future Energy Source, a former ICInsider.com BUY RATED stock that underwent a sharp pullback last week to $2.05 rose this past week to $2.51 as buying interest remains strong. Lumber Depot sits just below the ICTOP10 Junior Market stocks, after posting strong first quarter results that rose 140 percent over the 2020 first quarter, with ICInsider.com projecting earnings now at 35 cents per share, up from 27 cents previously, for the current year and the potential for the price to double into early 2022. Fontana reported increased earnings of $512 million, up from $277 million with earnings per share of 41 cents, just 4 cents below ICInsider.com forecast. Jamaica Broilers posted lower first quarter profit of $275 million, down from $383 million as the Jamaican and Haitian segments posted lower profits, but the USA segment enjoyed an 84 percent jump.  Scotia Group reported profit of $2.8 billion an increase of 81 percent over the depressed 2020 third quarter and slightly more than the $2.7 billion generated in the April quarter, the group seems on target to earn around $3.50 per share for the year.
The top three Main Market stocks are, Berger Paints followed by JMMB Group and Guardian Holdings, with expected gains of 202 to 290 percent, versus last weeks’ 209 to 286 percent.
The top three stocks in the Junior Market are Elite Diagnostic, followed by Medical Disposables and General Accident. All three have the potential to gain between 224 percent and 291 percent, compared to 233 and 275 percent last week.
This past week, the average gains projected for the Junior Market rose from 198 percent to 209 percent and Main Market stocks moved from 173 percent to 170 percent.
The Junior Market closed the week with an average PE of 11.3 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 and the historical average of 17 for the period to March this year based on 2020 earnings. The TOP 10 trades at a PE of 6.6, with a 42 percent discount to that market’s PE and the potential to rise 77 percent to March next year, based on an average PE of 20.
The JSE Main Market ended the week with an overall PE of 16, a little distance from 19 the market ended at in March, suggesting a 19 percent rise at a PE of 19 and 25 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.7, with a 52 percent discount to the PE of that market, well off the potential of 20.
ICTOP10 stocks are not intended to be a selection of the best stocks in the market but are most likely to be the best winners within a fifteen-month period. ICInsider.com ranks stocks to filter out the bigger winners from the rest, allowing investors to focus on potentially huge winners, helping to keep out emotional attachments to stocks that often result in costly mistakes being made.  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, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. 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.

Sterling back in ICTOP10 Wisynco out

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Sterling Investments returns to the ICTOP10 Main Market listing as Wisynco fell out of, following earnings downgrade to $1.20 per share for the current year, with the company posting 83 cents per share for the year to June.
The highlights this past week is the increased interest in Sygnus Credit Investments that drove the price up nine percent after posting outstanding full year results during the week, and the sharp pullback in the price of Radio Jamaica, with the price ending at $3.17, down from last week’s $4.40. By early next week, Radio Jamaica should announce the amount of dividend to be paid and the date of payment.
Elsewhere, Future Energy Source, a former ICInsider.com BUY RATED stock that enjoyed strong buying interest that pushed the price to a high of $3.40, saw a sharp pullback to end the week at a more palatable $2.05.
The top three Main Market stocks are Berger Paints, with the potential to gain 273 percent, followed by JMMB Group and Guardian Holdings, with expected gains of 209 to 286 percent for the three, versus last weeks’ 214 to 273 percent.
The top three stocks in the Junior Market are Elite Diagnostic, followed by Medical Disposables and General Accident. All three have the potential to gain between 235 percent and 275 percent, compared to 217 and 283 percent last week.
This past week the average gains projected for the Junior Market rose from 191 percent to 198 percent and Main Market stocks from 168 percent to 173 percent.
The Junior Market closed the week with an average PE of 11.3 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 and the historical average of 17 for the period to March this year based on 2020 earnings. The TOP 10 trades at a PE of 6.9, with a 39 percent discount to the PE of that market and the potential to rise 61 percent to March next year, based on an average PE of 20.
The JSE Main Market ended the week with an overall PE of 15.6, a little distance from the 19 the market ended at in March, suggesting a 22 percent rise at a PE of 19 and 28 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.6, with a 51 percent discount to the PE of that market, well off the potential of 20.
The ICTOP10 stocks are not intended to be the best stocks in the market but are most likely to be the biggest winners within a fifteen-month period. ICInsider.com ranks stocks to filter out the bigger winners, allowing investors to focus on potentially huge winners and helping to keep out emotional attachments to stocks that often result in costly mistakes being made.
ICTOP10 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, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. 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.

RJR drops to 10, Proven & Jetcon join TOP10

The highlights this past week is that after one week back in the ICInsider.com TOP10 list, Dolphin Cove’s price surged from $9.86 to the week’s high of $12.50 for a rise of 27 percent but closed the week at $11.60 for a healthy 18 percent gain for the week.

Dolphin Cove’s price bounced last week.

RJR just held on to the TOP 10 with a gain of 135 percent for the year to date, but the stock that is trading with good volume traded as high as $4.78 during the week.
Proven Investments joins the Main market TOP10 and replaces Scotia Group while Jetcon Corporation price dipped to 91 cents and replaces tTech, with the price rising to $4.79 from $4.40 last week. Elsewhere, Future Energy Source, one of ICInsider.com BUY RATED stocks when the IPO came to market in April, gained 311 percent to date, but with projected earnings of 13 cents per share and the price at $3.29, the PE is a rich 25 times earnings and seems overpriced based on prices of other Junior Market stocks. Radio Jamaica, as previously suggested by ICInsider.com, the directors will be meeting on September 6 to consider a dividend payment.
The charting of the Junior and Main Market indices shows early signs of the markets bouncing from the mild summer correction. We may be seeing early signs of a longer term rebound, with the Main and Junior Markets closing at the highest levels this week since July 23.
Outside the Junior and Main markets TOP10, investors should keep an eye on AMG Packaging and Sterling Investments.
The top three Main Market stocks are Berger Paints, with the potential to gain 273 percent, followed by Guardian Holdings and JMMB Group, with expected gains of 214 to 273 percent for the three, versus last weeks’ 202 to 277 percent.
The top three stocks in the Junior Market are Elite Diagnostic, followed by General Accident and Lasco Financial. All three have the potential to gain between 217percent and 283 percent, compared to 227 and 268 percent last week. Stationery and Office Supplies closed the previous week at $5.75 to sit at number 2 in the Junior Market list enjoyed a bounce in price to $6.50 and moved down to the 8th  spot this week.
This past week the average gains projected for the Junior Market dropped from 207 percent to 191 percent and Main Market stocks from 172 percent to 168 percent.
The Junior Market closed the week with an average PE of 11.8 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 as well as the historical average of 17 for the period to March this year, based on 2020 earnings. The TOP 10 trades at a PE of 7, with a 40 percent discount to the PE of that market and the potential to rise 69 percent to march next year, based on an average PE of 20.
The JSE Main Market ended the week with an overall PE of 15.6, a little distance from the 19 the market ended at in March, suggesting a 12 percent rise at a PE of 19 and 28 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.7, with a 50 percent discount to that market’s average PE, well off the potential of 20.
The TOP10 stocks are not always the best stocks in the market but are most likely to be the best winners within a fifteen-month period. IC ranked stocks to filter out the big winners, allowing investors to focus on potentially big winners and help to keep out emotional attachments to stocks.
 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 weekly movements in and out of the lists. 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.

5 days of losses for JSE Majors

Market activity ended on Monday, with the market declining for a fifth consecutive day after fewer stocks moved higher than declining, with an exchange of 93 percent fewer shares valued by 59.5 percent less than on Friday at the close of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index lost 2,254.61 points to settle at 452,118.35, the JSE Main Index lost 1,907.97 points to settle at 412,453.13 and, the JSE Financial Index dropped 1.12 points to settle at 101.18.
Trading ended with 47 securities compared to 51 on Friday, with 17 rising, 19 declining and 11 remaining unchanged. The PE Ratio averages 15.6 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 11,076,496 shares trading for $563,895,212, sharply down from 148,849,986 units at $1,392,050,084 on Friday. NCB Financial led trading with 31.3 percent of total volume, after an exchange of 3.46 million shares, followed by Radio Jamaica 15.2 percent, with 1.69 million units, Wigton Windfarm accounted for 12.2 percent, from 1.35 million units and Pulse Investments ended with 9.5 percent after trading 1.05 million shares.
Trading averaged 235,670 units at $11,997,770, compared to 2,918,627 shares at $27,295,100 on Friday. Trading month to date, averages 553,812 units at $9,013,810, in contrast to 576,923 units at $8,797,046 on Friday. Trading month to date, exceeds July, with an average of 322,932 units at $15,201,099.
Investor’s Choice bid-offer indicator reading has 11 stocks ending with bids higher than their last selling prices and eight stocks with lower offers.
At the close, Barita Investments lost 50 cents to close at $93, after 33,403 shares crossed the exchange, Berger Paints spiked 59 cents to $13.60 in exchanging 10,682 stocks, Caribbean Cement popped $3.57 to end at a 52 weeks’ high of $97 after trading 18,596 units, Eppley gained $1.80 to end at $41.80, with 655 stock units changing hands, Eppley Caribbean Property Fund dropped 63 cents to $39.41 with the swapping of 4,015 units. GraceKennedy shed $1 to close at $100 after exchanging 663,004 shares, Guardian Holdings declined $5 ending at a low of $605, since listing this year, trading 4,191 shares. JMMB Group rallied 99 cents to $38.99 in switching ownership of 69,677 stocks, Mayberry Jamaican Equities climbed 39 cents to $9.39 after exchanging 4,002 stocks, MPC Caribbean Clean Energy spiked $16 to $136, with 731 shares crossing the market, NCB Financial fell $1.47 to $131.54, with 3,464,932 units clearing the market. Palace Amusement shed $63.99 to $961.01 while exchanging 171 stock units, Proven Investments rose $2.55 to $32.60 in trading 69,166 units, Sagicor Group rose 25 cents to $57.25 in an exchange of 169,719 shares, Scotia Group climbed $1.20 to $40 while exchanging 27,735 stocks, Seprod declined 50 cents to close at $67.50 after exchanging 5,025 units. Supreme Ventures shed 50 cents to $18.50, 7,932 stocks changing hands, Sygnus Credit Investments spiked 98 cents to $15 in switching ownership of 47,248 stock units and Wisynco Group rallied 19 cents to $15.84, with 35,271 shares clearing the market.
In the preference segment JMMB Group 7.25% dropped 25 cents in ending at $1.25, with an exchange of 40,106 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

RJR down to 7 spot, Dolphin joins ICTOP10

Dolphin Cove returns to the ICInsider.com TOP10 list after a very long absence. The company’s half year results show a major upturn in fortunes, with prospects of good full year results. The stock replaces CAC2000 that slipped out of the top list.
Dolphin Cove reported a profit of US$1.24 million in the June quarter or 49 cents in Jamaican currency, thus wiping out the first quarter loss of US$155,000 and seems on target to generate around $3.3 million in profit for the year.
Last week’s number one Main Market stock – RJR, dropped to position 7 this week, with the price jumping to $3.50 from $2.25 last week. It could be out of the TOP10 next week if buying interest continues to come into the market, with the stock gaining 60 percent for the week and a respectable 91 percent for the year to date. That is not a bad performance for a stock sold for $1.10 in December last year and one that not many investors looked at until recent results were released. Interestingly, while many investors looked elsewhere, the smart money was laser focused on the future and the boom in revenues that was to come from growth in various areas of the economy that would increase advertising spend and push quarter profits to record levels. The smart money bought 52 million shares on April 6 last year, at an average of $1.33. On April 13, 95.4 million units were picked up and 67.7 million on April 27 at $1.26. The next big buy was August 17th, with 10 million units at $1.30 and 0n October 19 with 20 million units.
Outside the Junior and Main markets TOP10, investors should watch AMG Packaging and Sterling Investments.
After more than a year and a half at the top of the ICTOP10 listing Radio Jamaica finally broke lose this week, with the price hitting new daily 52 weeks’ highs and ended at $3.50 on Friday. The top three Main Market stocks are now headed by Berger Paints, with the potential to gain 277 percent, followed by JMMB Group and Guardian Holdings, with expected gains of 202 to 277 percent for the three, versus last weeks’ 200 to 300 percent.
The top three stocks in the Junior Market are Elite Diagnostic, followed by Stationery and Office Supplies that fell on Friday to $5.75, from $7.43 last week and General Accident, with all three having the potential to gain between 221 percent and 295 percent, compared to 256 and 336 percent, last week.
Last week, a few companies’ profit results were highlighted; one that was not and came out with less than exciting profit numbers is Elite that is top of the Junior Market listing. The company came to the market with much promise but has failed to deliver on its promise. A close assessment of the June results shows an increase in revenue in each quarter in the last fiscal year over the prior quarter, suggesting that if the trend continues, the current fiscal year should see a big rise in revenues and profits. The paying of a dividend that is greater than the reported profit for the last fiscal year is an indication that things are likely to be better in the current year. The other factor is that EBITA is strong with a fairly stable depreciation charge of 20 percent of revenues.
This past week the average gains projected for the Junior Market moved from 193 percent to 207 percent and Main Market stocks from 180 percent to 172 percent.
The Junior Market closed the week with an average PE of 11.4 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 and the recent historical average of 17 for the period to March this year, based on 2020 earnings.
The JSE Main Market ended the week with an overall PE of 15.6, a little distance from the 19 the market ended at in March, suggesting a 17 percent rise at a PE of 19 and 23 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.6, with a 41 percent discount to the PE of that market, well off the potential of 20.
The TOP10 stocks are not always the best in the market but are likely to be the best winners within a fifteen-month period. IC ranked stocks to filter out the big winners, allowing investors to focus on potentially big winners and help to keep out emotional attachments to stocks.
 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, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. 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.

Trading spikes on Friday for JSE majors

Market activity ended on Friday with a fourth consecutive day of decline after three stocks falling for every two that rose, with volume traded and value surging 567 percent and 650 percent higher than on Thursday at the close of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index slipped 158.71 points to 454,372.96, the Main Index dropped 804.45 points to settle at 414,361.10 and the JSE Financial Index dipped 0.08 points to end at 102.30.
A total of 51 securities traded compared to 53 on Thursday, with 16 stocks rising, 24 declining and 11 remaining unchanged one stock closed at a 52 weeks’ high and three at 52 weeks’ lows. The PE Ratio, a measure that computes appropriate stock values, averages 15.6 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 148,849,986 shares trading for $1,392,050,084 versus 22,302,736 units at $185,523,053 on Thursday. Mayberry Jamaican Equities led trading with 86.6 percent of total volume after exchanging 128.94 million shares followed by Wigton Windfarm 4.3 percent, with 6.4 million units, JMMB Group with 2.8 percent for 4.11 million units, Transjamaican Highway with 1.9 percent after 2.87 million units traded and Radio Jamaica with 1.8 percent for 2.73 million shares.
Trading averaged 2,918,627 units at $27,295,100, compared to 420,806 shares at $3,500,435 on Thursday. Month to date Trading averages 576,923 units at $8,797,046, in contrast to 376,542 units at $7,214,159 on Thursday. July ended with an average of 322,932 units at $15,201,099.
Investor’s Choice bid-offer indicator reading has twelve stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Barita Investments fell 49 cents to $93.50 in exchanging 11,172 stocks, Berger Paints shed 69 cents to close at $13.01 in trading 7,316 units, Caribbean Cement spiked $2.43 to $93.43 after 15,013 stock units crossed the exchange, First Rock Capital popped 30 cents to $12.87 in swapping 32 shares, Guardian Holdings fell $10 to at $610, the lowest price since listing earlier this year in switching ownership of 1,503 units, Jamaica Stock Exchange gained 24 cents to finish at $17.24 with a transfer of 1,529 units, JMMB Group shed $1.85 to $38 after exchanging 4,105,538 shares. MPC Caribbean Clean Energy declined $17.80 to $120 with 326 stock units crossing the market, NCB Financial shed 99 cents in closing at $133.01 after transferring 212,348 stock units, Palace Amusement dropped $115 to $1,025 with 26 shares changing hands. PanJam Investment advanced $3.18 to $65 with the swapping of 1,559 units, Portland JSX dived $2.20 to $7, with 4,824 stocks crossing the market, Proven Investments declined $3.97 to end at a 52 weeks’ low of $30.05 with an exchange of 56,205 shares. Pulse Investments shed 21 cents to close at a 52 weeks’ low of $3.09 in trading 628,045 stocks, Radio Jamaica rose 7 cents to end at a 52 week’s closing high of $3.57 in trading 2,732,191 units, Scotia Group shed 90 cents to $38.80 in trading 7,235 stock units. Seprod popped $6.80 to $68 with the swapping of 52,385 shares, Stanley Motta rose 67 cents to $5.90 in switching ownership of 2,079 units, Sygnus Credit Investments lost 93 cents to end at $14.02 in an exchange of 56,400 stocks and Victoria Mutual Investments rallied 41 cents to $5.76 after exchanging 13,647 stock units.

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

JSE Main Market down again

The Jamaica Stock Exchange  Main Market slipped moderately for a third consecutive day when market activity ended on Thursday with declining stocks outnumbered rising ones, after an exchange of 127 percent more shares valued 98 percent higher than on Wednesday.

The All Jamaican Composite Index lost 916.98 points to settle at 454,531.67, the JSE Main Index shed 587.19 points to 415,165.55 and the JSE Financial Index added 0.19 points to end at 102.38.
Trading ended with 53 securities compared to 52 on Wednesday, with 12 stocks rising, 27 declining and 14 remaining unchanged. The PE Ratio, a measure that computes appropriate stock values, averages 15.4 based on ICInsider.com’s 2021-22 earnings forecast.
A total of 22,302,736 shares were traded for $185,523,053, up from 9,829,573 units at $93,904,028 versus 9,829,573 units at $93,904,028 on Wednesday. Wigton Windfarm led trading with 57.3 percent of total volume for an exchange of 12.76 million shares, followed by Mayberry Investments 9.2 percent with 2.04 million units. JMMB Group 7.5% preference share accounted for 6.5 percent with 1.46 million units and Transjamaican Highway 5.3 percent with 1.19 million units changing hands.
Trading averaged 420,806 units at $3,500,435, compared to 189,030 shares at $1,805,847, on Wednesday. Trading month to date averages 376,542 units at $7,214,159, in contrast to 372,221 units at $7,576,640 on Wednesday. July ended with an average of 322,932 units at $15,201,099.
Investor’s Choice bid-offer indicator reading has 12 stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Barita Investments dropped $3.89 to $93.99 after exchanging 48,170 shares, Caribbean Cement fell $2.99 to $91 with a transfer of 806,615 stock units. First Rock Capital lost 39 cents to end at $12.57 with an exchange of 31,470 stock units, GraceKennedy fell $2.05 to $101 in trading 71,940 shares. Guardian Holdings dropped $30 in closing at $620 in exchanging 1,176 stock units, Jamaica Broilers lost 57 cents to finish at $35.03 trading 66,111 shares, Jamaica Stock Exchange lost 24 cents in ending at $17 after crossing the exchange with 52,694 stocks. JMMB Group rose $1.85 to $39.85 with the swapping of 599,245 shares, Kingston Properties rallied 25 cents to $10.25, with 8,265 stock units crossing the market, Margaritaville advanced $1.77 to $15.17 with 1,630 stocks changing hands. Mayberry Jamaican Equities slipped 29 cents to $9.10 in transferring 328,458 units, Proven Investments shed 51 cents to $34.02 in exchanging 29,546 shares. Pulse Investments lost 26 cents to close at $3.30 in switching ownership of 261,421 units, Radio Jamaica spiked 52 cents to end at 52 weeks’ closing high of $3.50, after hitting a new intraday high of $3.85 in the morning session, in completing an exchange of 669,972 stock units, Salada Foods rallied 28 cents to $7.39, with 2,552 units crossing the exchange, Scotia Group fell 30 cents to end at $39.70, with an exchange of 261,002 shares. Seprod declined $4.80 in closing at $61.20 in trading 21,923 stocks and Victoria Mutual Investments dipped 35 cents at $5.35 with 126,154 units clearing the market.
In the preference segment, Eppley 5% popped 25 cents to close at a record $20.25 in switching ownership of 5,000 stocks and 138 Student Living preference share, fell $2.57 to $5.43 after exchanging 1,576 shares.

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

Trading spikes on Junior Market – Thursday

Trading closed on Thursday with the index gaining as the volume of stocks traded surge 255 percent, with the value spiking 83 percent above Wednesday levels at the close of the Jamaica Stock Exchange Junior Market.
A total of 37 securities traded compared to 35 on Wednesday and ended, with 17 rising, 15 declining and five closing unchanged. The Junior Market Index popped 9.02 points to 3,298.84. The PE Ratio, a measure used to compute appropriate stock values averages 11.2 based on ICInsider.com’s 2021-22 earnings forecast.
A total of 24,561,305 shares were traded for $37,976,789 compared to 6,920,986 units at $20,719,685 on Wednesday. Paramount Trading had the largest block of shares trading, accounting for 70.2 percent after an exchange of 17.25 million shares, followed by Future Energy Source 10.4 percent, with 2.55 million units and Caribbean Flavours 4.6 percent, with an exchange of 1.12 million units.
Trading averaged 663,819 units at $1,026,400, up from 197,742 at $591,991 on Wednesday. Trading month to date averages 261,187 units at $754,295, up from 221,141 units at $727,231 on Wednesday. July closed with an average of 163,918 units at $481,755.
 Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than its last selling price and three with lower offers.
At the close, Access Financial shed 36 cents to end at $20.64 with 1,670 shares changing hands, AMG Packaging fell 7 cents to $1.54 with a transfer of 22,984 stocks, Blue Power rallied 20 cents to $3.30 with investors switching ownership of 1,200 units. CAC 2000 popped 5 cents to $9.30, exchanging 737 stock units, Caribbean Cream climbed 22 cents to $5.72 with 20,563 shares traded, Consolidated Bakeries rose 10 cents to $1.70 with 5,617 units changing hands. Express Catering climbed 44 cents to $5.40 after transferring 794,317 stocks, Fontana declined 26 cents to $5.82 with 59,832 stock units passing through the market, Fosrich advanced 21 cents to $8.31 with an exchange of 400 shares. Future Energy Source rose 13 cents to close at a 52 weeks’ high of $2.23 trading 2,549,247 units, Honey Bun gained 7 cents to finish at a 52 weeks’ high of $8.15 with 22,951 stocks changing hands, Jamaican Teas popped 17 cents to $3.70 with a transfer of 136,856 shares. Jetcon Corporation dropped 22 cents to $1 with investors switching ownership of 17,000 stock units, Knutsford Express advanced 25 cents to $7.90 with an exchange of 4,134 stocks, Lasco Manufacturing jumped 40 cents to $5.20 with 9,984 units traded. Limners and Bards slipped 5 cents to $3.05 with 104,086 shares changing hands. Lumber Depot rose 5 cents to $3 with a transfer of 458,251 units, Mailpac Group fell 10 cents to $3.65 with investors switching ownership of 254,402 stocks. Main Event dropped 50 cents to $4.50 with 85,117 stock units traded, SSL Venture advanced 17 cents to 80 cents with 10,000 units passing through the market and Stationery and Office Supplies rallied 35 cents to $7.40 with 3 shares crossing the exchange.
In the preference segment, CAC 2000 9.5% rose 10 cents to $1.10 with 39 units changing hands.

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