Carreras — Page 124

Big fall for some main market stocks

September 23, 2019 by IC Insider.com

Kingston Wharves dropped $8 to close at a record $52 and a record high of $85 in the past 12 months.

Declining stocks dominated trading on the Jamaica Stock Exchange ended on Monday with the prices declining more than three to one with a number of sizeable price movements.
At the close of trading, 37 securities changed hands in the main and US dollar markets with 7 advancing, 23 declining and 7 trading firm. The JSE All Jamaican Composite Index dived 3,897.33 points to close at 561,093.84, the JSE Index dropped 3,616 points to 510,527.38 and the JSE Financial Index lost 1.08 points to close at 139.11.
Main market activity ended with 18,599,441 units valued at $235,193,270, in contrast to 32,896,372 units valued at $273,937,492 from 37 securities on Friday.
Wigton Windfarm dominated trading with 11 million shares for 59 percent of total volume, followed by Sagicor Select Funds with 4.3 million units accounting for 23 percent of the day’s trade and Sagicor Group with 796,501 shares for 4 percent of the market’s trade.
The Market closed with an average of 531,413 units valued at an average of $6,719,808 for each security traded, in contrast to 913,788 units valued at an average of $7,609,375 on Friday. The average volume and value for the month to date amounts to 1,067,905 units valued at $9,578,929 and previously an average of 1,101,922 units valued at $9,772,487 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and 5 with lower offers.
In main market activity, Barita Investments lost $1.50 to settle at $71.50 with 11,376 units traded, Carib Cement exchanged 32,718 units, dropping 49 cents to close at $80.50, Carreras lost 55 cents to end at $7.95 after trading 558,200 units. Eppley Caribbean Property advanced $3, closing at $38, after trading 25,635 shares and hitting a record low of $30 during the day. Jamaica Broilers ended at $36 after climbing $1 with 4,249 shares changing hands, Jamaica Producers declined by $1.50, settling at $23.50 with 6,800 shares traded, Jamaica Stock Exchange lost 49 cents in exchanging 11,962 shares to end at $25.51, Kingston Wharves closed $8 lower to a 52 weeks’ low of $52 in trading 1,747 shares. NCB Financial settled at $208, after dropping $6.90 with 622,798 units traded, Proven Investments gained 49 cents to end the day’s trade at $37.49 with 1,953 shares changing hands, Pulse Investments traded 35 cents lower to close at $3.05, in exchanging 27,095 shares. Sagicor Group lost $3 to settle at $67 in trading 796,501 shares, Salada Foods fell $1 to $31, after exchanging just 500 shares, Seprod ended the day’s trade $1.70 lower to settle at $54.40 with 20,647 units changing hands. Supreme Ventures lost $1 to end at $27 exchanging 327,441 shares, Sygnus Credit Investments gained 78 cents after trading 66,897 shares to settle at $23.88 and Wisynco lost 47 cents, settling at $23.40 with trades of 115,428 units.
Trading in the US dollar market ended with 7,162 units valued at over US$1,751 with the market index gaining 2.98 points to close at 199.86. Proven Investments traded 6,644 shares to close at 26 US cents and Sterling Investments added 0.7 of a cent, in settling at a 52 weeks’ high of 4.5 US cents after trading 518 shares.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley Caribbean Property Fund, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

IC TOP 10 relatively stable

September 22, 2019 by IC Insider.com

Jamaica Broilers announced a new acquisition last week

The Jamaica stock market was impacted last week by fresh share insurances and acquisitions by two IC TOP 10 listed companies.
Investors’ attention was on pumping funds into Barita Investments’ rights issue and QWI Investments’ initial public offering in the past week and led to more muted market activity, with the latter attracting more than 4,000 investors and in excess of $1.5 billion.
Other major developments in the past week were the announcement that TOP 10 BUY RATED General Accident picked up 55 percent of the Trinidad based Motor One Insurance company but investors hardly seem to notice. Another Top 10 listing, Jamaica Broilers announced yet another takeover of a poultry processing plant in the USA. Market activity in the coming week will be further affected with Proven Investments selling half of their holdings in Access Financial stock by way of a public offer, at an attractive price of $32 each. Market conditions resulted in just two changes to IC TOP 10 BUY RATED list as CAC 2000 returned to the top 10 Junior Market list, replacing Caribbean Cream and Scotia Group moved back into the main market listing at the expense of Seprod.
Changes in prices left Caribbean Producers with projected gains of 233 percent, followed Iron Rock by with likely gains of 201 percent and tTech with projected gains of 167 percent as the three most attractive Junior Market stocks.
Radio Jamaica closed the week with projected gains of 163 percent as the leading main market stock with the price falling to $1.90 by the end of the week. Berger Paints sits at the number two spot with projected gains of 121 percent as more interest comes in for this stock coupled with reduced selling ahead of the most important quarter coming up when sales exceed all other quarters and Carreras with projected gains of 112 percent.
The main market, closed the week with the overall PE of 16.7 down from 17.7 the previous week and the Junior Market is down to 11.3 from 11.6 based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 7.8 compared to 7.7 the previous week and the main market PE slips to 10.4. These levels of PE ratios point to big upside for TOP 10 stocks.
The TOP 10 stocks now trade at an average discount of 31 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 38 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, along with the PE ratio for each company’s current fiscal year are used in determining potential gains. The likely gains are ranked in descending order, with the highest-ranked being the most attractive and moving down the least attractive. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have an interest in the securities commented on.

Filed Under: Buy Rated Tagged With: Berger Paints, Caribbean Producers, Carreras, Daily Trading, Emerging markets, General Accident, Grace Kennedy, Iron Rock Insurance, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Lasco Financial, Medical Disposables, Radio Jamaica, Scotia Group, Seprod, Stanley Motta, Stocks to Watch, Sygnus Investments, TOP 10 stocks, Trading Activity, tTech

JSE closed down but most stocks rise

September 20, 2019 by IC Insider.com

Trading on the main market of the Jamaica Stock Exchange ended on Friday with advancing stocks outnumbering declining ones two to one but the market indices ended down.
At the close of trading, 37 securities changed hands in the main and US dollar markets with 19 advancing, 10 declining and 8 traded firm. The JSE All Jamaican Composite Index lost 257.65 points to close at 564,991.17, the JSE Index dipped 287.95 points to 514,143.38 and the JSE Financial Index closed down 0.42 points at 140.19.
Market activity ended with 36 securities trading and leading to 32,896,372 units valued at $273,937,492 crossing the exchange, in contrast to 127,989,935 units valued at $1,190,939,292 from 36 securities on Thursday.
Wigton Windfarm dominated trading with 18.4 million shares for 56 percent of total volume, followed by Carreras with 8.1 million units accounting for 25 percent of the day’s trade, Sagicor Select Funds with 2.4 million shares for 7 percent of the market’s trade.
The Market closed with an average of 913,788 units valued at an average of 7,609,375 for each security traded, in contrast to 3,555,276 units valued at an average of $33,081,647 on Thursday. The average volume and value for the month to date amounts to 1,101,922 units valued at $9,772,487 and previously an average of 1,115,047 units valued at $9,934,383 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 5 with lower offers.
In main market activity, Barita Investments advanced $2.35 to settle at $73 with 2,590 units traded, Carib Cement exchanged 10,028 units, adding 99 cents to close at $80.99, Eppley Caribbean Property dropped $1 to end at an all-time low of $35, after trading 310 shares, Eppley gained 80 cents with 1,125 shares changing hands to end at $14. Jamaica Broilers ended at $35 after climbing 50 cents with 1,146,446 shares changing hands, Jamaica Producers advanced $1.25, in settling at $25 with 6,800 shares traded, JMMB Group lost 99 cents, ending the day at $46 after exchanging 67,792 shares, Kingston Wharves closed $1 lower at $60 in trading 16,500 shares. NCB Financial advanced 90 cents to settle at $214.90 with 203,395 units traded, PanJam Investment gained 50 cents in ending at $102.50 after exchanging 15,009 shares, Proven Investments lost 50 cents and ending the day’s trade at $37 with 5,940 shares changing hands. Salada Foods climbed $2 to $32, after exchanging 60,276 shares, Scotia Group gained 50 cents to end at $57.50 with trades of 77,639 shares, Seprod advanced $2.59 to settle at $56.10 with 4,900 units changing hands. Supreme Ventures gained 40 cents to end at $28 exchanging 349,173 shares, Sygnus Credit Investments lost 90 cents after trading 13,267 to settle at $23.10 and Victoria Mutual Investments added 50 cents after 401,515 units changed hands to close at $8.
Trading in the US dollar market ended with 53,681 units valued at US$13,759 with the market index slipping 0.64 points to close at 196.88 as Proven Investments the sole trade closing at 26 US cents.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley Caribbean Property Fund, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE main market bounces

September 19, 2019 by IC Insider.com

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Sagicor Real Estate Fund traded the most stocks on Thursday.

The main market of the Jamaica Stock Exchange enjoyed a bounce on Thursday with the main market indices rising as advancing just inched out declining ones.
he All Jamaican Composite Index jumped 2,913.59 points to close at 565,248.82, the JSE Index climbed 2,606.47 points to 514,431.33 and the JSE Financial Index gained 1.04 points to close at 140.61.
At the close of trading, 39 securities changed hands in the main and US dollar markets with 14 advancing, 13 declining while 12 traded firm. Main market activity ended with 36 securities trading comprising 127,989,935 units for $1,190,939,292, in contrast to 36,372,802 units valued at $343,567,278 on Wednesday from 33 securities.
Sagicor Real Estate Fund dominated trading with 92.4 million shares for 72 percent of total volume, followed by Wigton Windfarm with 22.4 million units accounting for 17.5 percent of the day’s trade, Carreras with 5.2 million shares for 4 percent and Sagicor Select Fund traded 3.2 million shares for 2.5 percent of the market trade.
The Market closed with an average of 3,555,276 units valued at an average of $33,081,647 for each security traded, in contrast to 1,102,206 units valued at an average of $10,411,130 on Wednesday. The average volume and value for the month to date amounts to 1,115,047 units valued at $9,934,383 and previously an average of 932,030 units valued at $8,061,795 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 2 with lower offers.
n main market activity, Eppley Caribbean Property Fund closed at the lowest level since listing in August, as the price dipped $2 to $36 having traded 26,535 units, Eppley traded 556 shares but lost 80 cents to end at $13.20, Jamaica Broilers gained 50 cents to settle at $34.50 with 62,963 shares changing hands. Jamaica Producers lost 75 cents to end at $23.75 while trading 773,300 shares, JMMB Group added $3.98 to settle at $46.99 with 67,275 shares changing hands, Kingston Wharves lost $1.01 to end at $61 in trading 225,928 shares. Mayberry Jamaican Equities rose $1.45 to end at $12.45 trading 6,750 shares, NCB Financial gained $4 to end at $214, with an exchange of 63,933 stock units, 138 Student Living traded 571 shares but fell 80 cents to $3.40, Panjam Investment rose 50 cents in trading of 5,973 units to close at $102. Salada Foods lost $2 to settle at $30 with 1,600 shares changing hands, Seprod fell $1.49 to settle at $53.51 with 26,060 shares changing hands, Supreme Ventures lost 40 cents to close at $27.60 with an exchange of 61,648 shares. Sygnus Credit Investments gained $1 and completed trading of 36,516 shares at $24, Victoria Mutual closed trading of 304,823 units after falling 50 cents to end at $7.50 and Wisynco Group added $1 in trading 299,683 shares to close at $24.
Trading in the US dollar market ended with 44,553 units valued at US$8,064 with the market index gaining 0.41 points to close at 197.52. In trading, JMMB Group 6% USD preference share closed with 363 shares changing hands at US$1.01, Sygnus Credit Investments slipped 0.5 US cents to close at 14 US cents and Proven Investments traded 12,795 units at 26 US cents.

JSE main market slips again

September 18, 2019 by IC Insider.com

The Jamaica Stock Exchange ended with 12 securities rising, 13 with losses and 13 traded firm as 38 securities traded on Wednesday, compared to 34 stocks trading on Tuesday.
The market closed with the JSE All Jamaican Composite Index declining 11,780.29 points to close at 562,335.23, the JSE Index dropped 1,615.40 points to 511,824.86 and the JSE Financial Index lost 0.57 points to close at 139.57.
Market activity ended with 36,372,802 units valued at over $343,567,278, in contrast to 39,479,470 units valued at $797,391,912 on Tuesday.
Wigton Windfarm led trading with over 22 million shares for 60.5 percent of total volume, followed by Supreme Ventures with 6.8 million units accounting for 19 percent of the day’s trade and Sagicor Select Fund with over 3.6 million shares for 10 percent of the main market’s volume.
The Market closed with an average of 1,102,206 units valued at an average of $10,411,130 for each security traded, in contrast to 1,161,161 units valued at an average of $23,452,703 on Tuesday. The average volume and value for the month to date amounts to 932,030 units valued at $8,061,795 and previously an average of 919,467 units valued at $7,873,621for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 4 with lower offers.
In main market activity, Barita Investments dropped $3.15 to settle at $70.65 with 6,700 shares changing hands, Berger Paints gained 90 cents after trading 26,606 shares to close at $19, Caribbean Cement added $3.19 to end at $80, after trading 43,373 stock units. Jamaica Broilers gained $1.55 to settle at $34 with 95,461 shares changing hands, Jamaica Producers rose $1 to end at $24.50 while trading 17,950 shares, JMMB Group lost $4.99 to settle at $43.01 with 53,685 shares changing hands. Mayberry Jamaican Equities lost 50 cents to end at $11, trading 61,787 shares, NCB Financial declined by $3 to end at $210, with an exchange of 253,978 stock units, Panjam Investment lost 48 cents in trading of 56,018 units to close at $101.50. Sagicor Group lost $1.50 to settle at $70 with 402,329 shares changing hands, Seprod rose $1 to settle at $55 with 56,476 shares changing hands Supreme Ventures gained $1 to close at $28 with an exchange of 6,777,393 shares and Wisynco Group fell $2 in trading 374,927 shares at $23.
Trading in the US dollar market ended with 28,942 units valued at US$13,213. In trading, JMMB Group 5.75% preference share closed at US$2 in trading 2,706 shares, JMMB Group 5.75% preference share closed trading of 2,435 stock units at US$1.01, Margaritaville closed at 28 US cents in trading 500 units. Proven Investments concluded trading 16,485 shares and settled at 26 US cents with and ended trading finished trading with 15.00 cents and Sygnus Credit Investments completed trading of 6,816 shares at 15 US cents.
The JSE USD Equities Index lost 2.16 points to close at 197.11.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE main market down again

September 17, 2019 by IC Insider.com

The Jamaica Stock Exchange ended with 18 rising, 12 with losses and 4 traded firm as a total of 34 securities traded on Tuesday compared to 33 trading on Monday.
The market closed with the JSE All Jamaican Composite Index declining 1,054.51 points to end at 564,115.52, the JSE Index dropped 1,119.61 points to 513,440.26 and the JSE Financial Index lost 0.46 points to close at 140.14.
Market activity ended with 39,479,470 units valued at $797,391,912, in contrast to 86,270,254 units valued at $128,945,815 on Monday.
Wigton Windfarm led trading with over 20 million shares for 52 percent of total volume, followed by Caribbean Cement with 5 million units accounting for 13 percent of the day’s trade and Sagicor Select Fund with over 4 million shares for 11 percent of the main market’s volume.
The Market closed with an average of 1,161,161 units valued at an average of $23,452,703 for each security traded. In contrast to 2,875,675 units for an average of $4,298,194 on Monday. The average volume and value for the month to date amounts to 919,467 units valued at $7,873,621 and previously an average of 899,570 shares for $6,472,327 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and 3 with lower offers.
In main market activity, Barita Investments gained 80 cents to settle at $74 with 25,856 shares changing hands, Caribbean Cement slipped $3.19 to end at $76.81 with 5,007,970 stock units trading. Eppley Caribbean Property Fund dropped $1.90 to end at an all-time low of $38 while trading 1,610 shares, Jamaica Broilers lost $1.55 to settle at $32.45 with 1,000,993 shares changing hands, Jamaica Stock Exchange declined by $1 to end at $26, trading 25,902 shares. JMMB Group gained 80 cents to settle at $48 with 10,426 shares changing hands. Kingston Wharves lost $1.99 to end at $62.01, in trading 4,138 shares, Mayberry Jamaican Equities lost $1 to end at $11.50, trading 3,000 shares, NCB Financial rose $4 to end at $213, with an exchange of 532,498 stock units, Panjam Investment rose 98 cents in trading of 12,485 units to close at $101.98. Sagicor Group added 49 cents to settle at $71.50 with 37,183 shares changing hands, Scotia Group fell 49 cents to close at $57 with an exchange of 23,164 shares, Seprod lost $2.50 to settle at $54 with 34,752 shares changing hands and Wisynco Group gained 50 cents in trading 133,235 shares at $25.
Trading in the US dollar market ended with 6,994 units valued at US$1,430 as Proven Investments traded 4,742 units at 26 US cents followed by Sterling Investments gained 1.6 US cents to close at 3.8 US cents and Margaritaville closed 3 US cents higher to settle at 52 weeks’ high of 28 US cents. The JSE USD Equities Index gained 4.82 points to close at 199.27.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley Caribbean Property Fund, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

IC TOP 10 MPC hits new record high

September 17, 2019 by IC Insider.com

Prices pulled back during the past week but the new IC TOP 10 BUY RATED main market stocks MPC Caribbean Energy surged to an all-time high of $153.06 and is still in the TOP 10 and seems poised to move higher with no sellers in sight.
Seprod returns and Scotia Group moved out to be the only changes to the main market list. Jetcon Corporation, Caribbean Cream and Caribbean Flavours return to the Junior Market TOP 10 replacing CAC 2000, Dolphin Cove and Jamaican Teas.
The three most attractive Junior Market stocks are Iron Rock with projected gains of 257 percent, followed by Caribbean Producers with likely gains of 237 percent and tTech with projected gains of 208 percent.
Radio Jamaica closed the week with projected gains of 138 percent as the leading main market stock followed by Berger Paints with projected gains of 132 and Carreras with projected gains of 112 percent.
The main market, closed the week with the overall PE of 17.7 down from 18.3 the previous week and the Junior Market is down to 11.6 from 12.1 based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 7.7 compared to 8.4 the previous week and the main market PE is now 10.5. These levels of PE ratios point to big upside for TOP 10 stocks.
The TOP 10 stocks now trade at an average discount of 33 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 41 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have an interest in the securities commented on.

Filed Under: Buy Rated Tagged With: Berger Paints, Caribbean Producers, Carreras, Daily Trading, Emerging markets, Express Catering, General Accident, Grace Kennedy, Iron Rock Insurance, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Lasco Financial, Main Event, Medical Disposables, MPC Caribbean Clean Energy, Radio Jamaica, Scotia Group, Seprod, Stocks to Watch, Sygnus Investments, TOP 10 stocks, Trading Activity, tTech

JSE main market inched higher – Monday

September 16, 2019 by IC Insider.com

The Jamaica Stock Exchange ended trading on Monday with the All Jamaican Composite Index rising 416.43 points to close at 565,170.03, the JSE Index rose 377.32 points to 514,559.87 and the JSE Financial Index inched 0.37 points to 140.60.
At the close of trading, 7 securities advanced, 12 declined and 14 traded firm as a total of 33 securities in the main and US dollar markets compared to 32 on Friday. Market activity ended with 86,270,254 units valued at $128,945,815, in contrast to 23,486,112 units at $198,066,208 on Friday.
Wigton Windfarm led trading with 80 million shares for 93 percent of total volume, followed Sagicor Select Fund with 4.6 million units accounting for 5 percent of the day’s trade and Supreme Ventures with 296,337 shares for less than 1 percent of the main market’s volume.
The Market closed with an average of 2,875,675 units valued at an average of $4,298,194 for each security traded. In contrast to 671,032 units for an average of $5,659,034 on Friday. The average volume and value for the month to date amounts to 899,570 units valued at $6,472,327 and previously 744,783 units valued at $6,659,753 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 3 with lower offers.
In main market activity, Caribbean Cement lost $3 to end at $80 with 6,658 stock units trading. Carreras lost 25 cents to close at $8.25 with 50,107 changing hands, Jamaica Stock Exchange gained $1.50 to end at $27, trading 2,300 shares. JMMB Group lost $1.70 to settle at $47.20 with 19,065 shares changing hands. Mayberry Jamaican Equities gained 50 cents to end at $12.50, after trading 1,200 shares, NCB Financial dropped $4 to end at $209, with an exchange of 28,586 stock units. Seprod gained $3 to settle at $56.50 with 112,050 shares changing hands, Sygnus Credit Investments declined $2 in trading 13,779 shares at $23 and Wisynco Group closed trading of 101,447 units and gained $1.50 to end at $24.50.
Trading in the US dollar market ended with 5,850 units valued at US$1,736. Proven Investments traded 3,600 units and gained 1 cent to end at 26 US cents followed by Sygnus Credit Investments with 2,000 units changing hands at 15 US cents and JMMB Group 5.5% preference shares with 250 units to settle at US$2. The JSE USD Equities Index gained 3.74 points to close at 194.45.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE main market index rise – Friday

September 13, 2019 by IC Insider.com

The Jamaica Stock Exchange ended trading on Friday with the JSE All Jamaican Composite Index rising 1,052.67 points to 564,753.60 even as declining stocks exceeded those rising.
The JSE Index climbed 890.78 points to 514,182.55 and the JSE Financial Index gained 0.24 points to close at 140.23. At the close of trading, 9 advanced, 13 declined and 14 traded firm as 36 securities in the main and US market compared to 37 on Thursday. Trading in the main market ended with 23,486,112 units valued at $198,066,208, in contrast to 18,740,935 units valued at over $117,219,686 on Thursday.
Wigton Windfarm led trading with 11.6 million shares for 49 percent of total volume, followed Sagicor Select Fund with 9 million units accounting for 39 percent of the day’s trade and NCB Financial Group with 553,993 shares for 2 percent of the main market’s volume.
The Market closed with an average of 671,032 units valued at an average of $5,659,034 for each security traded. In contrast to 506,512 units for an average of $3,168,100 on Thursday. The average volume and value for the month to date amounts to 744,783 units valued at $6,659,753 and units previously 752,201 units valued at $6,771,654 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and 5 with lower offers.
In main market activity, Barita Investments lost $1 to settle at $74 with 25,856 shares changing hands, with 260 stock units trading, Berger Paints declined 40 cents to end at $18.05, in trading 6,363 shares, hands, Caribbean Cement gained $5.50 to end at $83 with 4,589 stock units trading. Eppley Caribbean Property Fund dropped $5.09 to end at an all-time low of $39.90 while trading 208 shares, Jamaica Producers lost 54 cents to settle at $23.51 with 9,190 shares changing hands, Jamaica Stock Exchange gained 94 cents to end at $25.50, trading 123,004 shares. JMMB Group gained 90 cents to settle at $48.90 with 364,022 shares changing hands. Mayberry Investments lost 49 cents to end at $8.81 with 185,343 stock units trading, Mayberry Jamaican Equities shed 48 cents to end at $12, trading 21,617 shares, MPC Caribbean Energy gained $22.66 to end at all-time high of $153.06, in trading 520 shares, NCB Financial rose $4 to end at $213, with an exchange of 553,993 stock units. Sagicor Group fell $1.49 to settle at $71.01 with 6,406 shares changing hands, Salada Foods fell 50 cents to close at $32 with an exchange of 3,571 shares, Seprod lost 50 cents to settle at $54 with 64,415 shares changing hands and Sygnus Credit Investments rose $1 in trading 214,718 shares at $25.
The JSE USD Equities Index closed at 190.71 as Sygnus Credit Investments was the only stock trading in the market with 190,000 units valued at US$28,500 to close at 15 US cents.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley Caribbean Property Fund, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

More declines for JSE main market – Thursday

September 12, 2019 by IC Insider.com

The Jamaica Stock Exchange ended trading on Thursday with The JSE All Jamaican Composite Index dropping 4,474.99 points to end at 563,700.93, the JSE Index declined by 3,932.73 points to 513,291.77.
The JSE Financial Index fell 1.84 points to close at 139.99. At the close of trading, 17 advanced, 15 declined and 5 traded firm as a total of 39 securities traded in the main and US markets compared to 36 securities trading on Wednesday. Market activity ended with 18,740,935 units valued at over $117,219,686, in contrast to 50,725,660 units valued at $109,446,038 on Wednesday.
Sagicor Select Fund led trading with 11.8 million shares for 63 percent of total volume, followed Wigton Windfarm with 3 million units accounting for 16 percent of the day’s trade and JMMB Group 7.50% preference share with 1 million shares for 5 percent of the main market’s volume.
The Market closed with an average of 506,512 units valued at an average of $3,168,100 for each security traded. In contrast to 1,449,305 units for an average of $3,127,030 on Wednesday. The average volume and value for the month to date amounts to 752,201 units valued at $6,771,654 and previously 781,431 units valued at an average of $7,254,739.
The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ended with bids higher than their last selling prices and 13 with lower offers.
In main market activity, Caribbean Cement declined by $1.50 to settle at $77.50 with 34,432 shares changing hands, Eppley Caribbean Property traded 200 shares after rising $1.99 to close at a low of $44.99, Jamaica Stock Exchange lost $1.44 to settle at $24.56 with 584,070 shares changing hands. JMMB Group shed $1.45 to settle at $48 with an exchange of 68,148 units, Kingston Wharves gained 99 cents to end at $64, trading 3,470 shares, Mayberry Jamaican Equities gained 48 cents to end at $12.48, trading 100 shares. MPC Caribbean Energy gained $22.66 to end at $153.06, trading 520 shares, NCB Financial slipped $3.05 to end at $209, with an exchange of 65,205 stock units, Panjam Investment fell 40 cents to settle at $101 with 188,107 shares changing hands. Pulse Investments added 70 cents to close at $3.60 with an exchange of 197,642 shares, Scotia Group exchanged 236,649 shares after rising by 80 cents to end at $57.30, Seprod climbed $2.75 to settle at $54 with 64,415 shares changing hands, Sygnus Credit Investments rose $2 in trading 68,673 shares at $24 and Wisynco traded 383,221 shares and rose $1 to close at $23.
Traded in the US dollar market ended with 9,585 units valued at $9,015 trading and ended with JMMB Group 6% preference share with a gain of 1 cent to end at US$1.01 trading 8,615 shares and Proven Investments trading 970 shares rose to settle at 25 US cents. The JSE USD Equities Index declined by 3.74 points to close at 190.71.