Carreras — Page 84

Lasco Manufacturing hits IC TOP10

February 1, 2021 by IC Insider.com

Lasco Manufacturing returns to IC TOP10 best performing stock in the past week, replacing Honey Bun closing at $6 in a week that the Junior Market climbed to a new eleven month high and posted a five percent gain for the year to date.

While the Junior Market had a new addition, the Main Market TOP10 continued with the same stocks as the week before but Grace Kennedy price rose from $68 to $73.45 with the stock moving from 5^th spot to 7^th.
The 2021 winner to date, Jamaican Teas lost a cent this past week after trading at a record high of $3.04 and moved down to the ninth spot this week with the price closing at $2.88 on Friday. Caribbean Cream price closed at $4.50 down from $4.95 at the end of the previous week to sit at 7^th spot now. Lumber Depot one of the better Junior Market movers held at $1.95 after hitting $2.12 during the week to remain at eight position.
The Junior Market is up 4.9 percent for 2021 and is currently powered by a bullish golden cross, setting to take the market beyond 3,000 points. The release of company results in the next two weeks will play a big role in the next few weeks that will add fuel to the current rally. In this regard, based on 2020 release of results, interim financials are expected this week, from Access Financial, Barita Investments, Iron Rock Insurance, NCB Financial, the Lasco group of companies and Jamaican Teas.
The Main Market continues to slip in January, but technical indicator points to it heading towards the 460,000 points level on the All Jamaica Composite Index, in months.
The current TOP 10 report is based on earnings for 2020/21 as there are substantial gains ahead, for many stocks in the listings.
The top three stocks in the Junior Market with the potential to gain between 196 to 381 percent are Caribbean Producers followed by Elite Diagnostic and Lasco Financial. With expected gains of 135 to 315 percent, the top three Main Market stocks are, Berger Paints followed by Scotia Group and Carreras.
The local stock market’s targeted average PE ratio is 20 based on profits of companies reporting full year’s results, from now to the second quarter in 2021. The Junior and Main markets are currently trading well below the market average, indicating strong gains ahead. The JSE Main Market ended the week, with an overall PE of 18.9 and the Junior Market 14.8, based on ICInsider.com’s projected 2020-21 earnings. The PE ratio for the Junior Market Top 10 stocks average a mere 7.8 at just 53 percent of the market average. The Main Market TOP 10 stocks trade at a PE of 9.1 or 48 percent of the PE of that market.
The average projected gain for the Junior Market IC TOP 10 stocks is 181 percent and 132 percent for the JSE Main Market, based on 2020-21 earnings. IC TOP10 stocks are likely to deliver the best returns up to March 2021 and ranked in order of potential gains, based on likely gain for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. Revisions to earnings per share are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated Tagged With: Access Finance, AMG Packaging, Barita Investments, Berger Paints, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Producers, Carreras, Daily Trading, Elite Diagnostic, Emerging markets, Grace Kennedy, Iron Rock Insurance, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Kremi, Laco Distributors, Lasco Financial, Lumber Depot, Radio Jamaica, Scotia Group, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

Trading at January peak for JSE majors

January 29, 2021 by IC Insider.com

Trading broke the $200 million mark for the first time this year on Friday, the last trading day for the in January for Jamaica Stock Exchange Main Market and the only second time for the month that trading value exceeded $110 million in a day when just over $116.6 million worth of shares crossed the market on January 20.
The market closed with 11,980,396 shares, 30 percent more than Thursday and 168 percent more in value at $215,025,944, up from 9,368,496 units at $83,242,802 on Thursday.
Trading averaged 272,282 units at $4,886,953 for each security, compared to an average of 234,212 shares at $2,081,070 on Thursday. The month to date averaged 311,456 units at $1,435,407 for each stock, in contrast to 313,511 units at $1,254,396 on the prior trading day and well off December average of 455,206 units at $7,774,631.
Wigton Windfarm led trading with 19.1 percent of total volume after an exchange of 2.29 million shares followed by Sagicor Select Financial Fund with 14.3 percent for 1.71 million units, Grace Kennedy chipped in with 11.5 percent for 1.38 million units and Transjamaican Highway with 11.4 percent for 1.37 million units.
At the close, the All Jamaican Composite Index climbed 2,827.24 points to 425,254.53, the JSE Main Index rose 2,558.50 to 387,937.83 and the JSE Financial Index added 0.56 points to close at 99.32.
Trading ended with 44 securities changing hands compared to 40 on Thursday and closed with prices of 17 stocks rising, 18 declining and nine remaining unchanged. The average PE Ratio was 16.6 based on ICInsider.com forecast of 2020-21 earnings.
Investor’s Choice bid-offer indicator reading has 12 stocks ending with bids higher than their last selling prices and two with lower offers.
At the market closing, Caribbean Cement dropped $3.99 to $60.51, with a transfer of 27,289 shares. First Rock Capital gained 40 cents to $13.10 after 2,635 units crossed the market. Jamaica Producers closed 40 cents higher at $20, in trading 15,002 stocks. Jamaica Stock Exchange rose 30 cents to $19.50 in trading 129,636 stock units, JMMB Group climbed $1.10 to $32.50, with an exchange of 80,460 shares, Kingston Wharves rose $2.50 $46.50, after switching ownership of 4,238 stocks. Mayberry Investments shed 38 cents to finish at $5.45 in an exchange of 5,232 stock units, 138 Student Living gained 45 cents in ending at $4.45 and trading 4,039 units, Palace Amusement dropped $164 to close at $1,051, with investors swapping 4 units. Pan Jam Investment declined by $3 to $67, with 134,726 stocks crossing the market, Sagicor Group advanced by $3.01 to $52 after trading 598,948 stock units, Sagicor Real Estate Fund fell 95 cents to $8 in exchanging 19,000 shares. Salada Foods climbed $3 to $37, in swapping of 80,784 units, Scotia Group rose 79 cents to close at $43.79, in an exchange of 28,402 stock units, Sygnus Credit Investments shed 30 cents in closing at $16, with 34,889 units crossing the market and Victoria Mutual Investments lost 30 cents to end at $5.55, with the swapping of 62,867 stocks.
In the preference segment, Eppley 8.25% gained 42 cents to settle at $7, in exchanging 2,081 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, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Gains for JSE Main Market stocks

January 28, 2021 by IC Insider.com

Sizable gains in a few stocks and very small price changes in the majority of stocks declining helped move the major market indices higher, at the close of trading on the Jamaica Stock Exchange Main Market on Thursday after an exchange of 57 percent more shares with values almost doubling Wednesday levels.
At the close, the All Jamaican Composite Index climbed 3,030.64 points to 422,427.29, the Main Index advanced by 2,742.58 points to 385,379.33 and the JSE Financial Index gained 0.83 points to settle at 98.76.
Trading ended with 40 securities changing hands compared to 44 on Wednesday and closed with 12 stocks rising, 15 declining with 12 losing 5 cents or less and 13 closing unchanged. The PE Ratio closed with an average of 16.6 based on ICInsider.com forecast of 2020-21 earnings.
The market closed with an exchange of 9,368,496 shares for $83,242,802 compared to 5,962,706 units at $43,631,865 on Wednesday. Wigton Windfarm led trading with 27.8 percent of total volume for 2.6 million shares followed by Transjamaican Highway with 21.1 percent for 1.98 million units and Sagicor Select Financial Fund with 11.2 percent market share for 1.05 million units changing hands.
Trading for the day averaged 234,212 units at $2,081,070 for each security, compared to an average of 135,516 shares at $991,633 on Wednesday. The month to date averaged 313,511 units at $1,254,396, in contrast to 317,481 units at $1,213,011 on Wednesday. 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 the market, Caribbean Cement lost 49 cents to close at $64.50, after exchanging 6,121 shares, First Rock Capital finished at $12.70, with a loss of 30 cents trading 37,257 stock units, Grace Kennedy climbed $6 to $73.50 while transferring 25,070 shares. Jamaica Stock Exchange rose 70 cents to settle at $19.20, after crossing the exchange with 9,400 stock units, Pan Jam Investment advanced by $2 to $70, with the swapping of 1,181 units, Sagicor Group closed $1.24 higher at $48.99, in exchanging 12,799 stocks. Salada Foods rose $1 to end at $34, with 130,075 shares changing hands, Scotia Group gained 50 cents to end at $43 trading 47,495 stock units and Wisynco Group rose 50 cents to $16.50, with an exchange of 190,585 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, 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, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Steady trading on JSE Main market

January 27, 2021 by IC Insider.com

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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

Lumber Depot weekly IC TOP10 winner

January 24, 2021 by IC Insider.com

Lumber Depot is IC TOP10 best performing stock in the past week with the price surging to $2 from $1.46 at the end of the previous week to close at $1.95 on Friday with a 32 percent rise. Jamaican Teas was next moving from $2.48, scaling a number of record highs to close with a gain of 16.5 percent for the week with the price closing at $2.89 on Friday.

Lumber Depot is the JSE stock gaining the most in the past week.

Caribbean Cream is the other Junior Market stock to post good gains for the week, with the price closing at $4.95 from $4.70 at the end of the previous week.
The Junior Market is up 4 percent since the 2020 close, that may not appear to be much, but if the gains continue at this pace for the rest of the year, the market will gain 67 percent get to more than 4,400 points. The market is currently powered by a bullish golden cross, setting to take the market beyond 3,000 points. The release of December results will play a big role in the next few weeks that will add fuel to the current gains.
The Main Market continues to slip in January, but technical indicator points to it heading towards the 460,000 points level on the All Jamaica Composite Index, in months.
The current TOP 10 report is based on earnings for 2020/21 as there are substantial gains ahead, for many stocks in the listings.
This week’s focus: Tropical Battery released audited accounts that saw profit dropping well below the $73 million initially reported by the company to just $29 million with the stock selling off to a low of 95 cents but bounced a bit thereafter.
Increase in taxation, depreciation and finance cost, were the main reasons for the decline in profit. ICInsider.com projects 8 cents per share earnings for the current year.
The audited accounts state that 1.3 billion shares are issued by the company, but further on in the note on share capital, it reports that a resolution was passed to increase the share capital by subdividing 250,000 the then issued shares by 4,550, resulting in 1.130 billion shares, instead of 1.1375 billion units that were issued. The note also suggests that the company issued 325 million shares to the public but omits to state that a portion was sold on behalf of existing shareholders.
The top three stocks in the Junior Market with the potential to gain between 208 to 363 percent are Caribbean Producers followed by Elite Diagnostic and Lasco Financial. With expected gains of 124 to 331 percent, the top three Main Market stocks are, Berger Paints followed by Scotia Group and Carreras.
The local stock market’s targeted average PE ratio is 20 based on profits of companies reporting full year’s results, from now to the second quarter in 2021. The Junior and Main markets are currently trading well below the market average, indicating strong gains ahead. The JSE Main Market ended the week, with an overall PE of 17.1 and the Junior Market 15, based on ICInsider.com’s projected 2020-21 earnings. The PE ratio for the Junior Market Top 10 stocks average a mere 7.9 at just 53 percent of the market average. The Main Market TOP 10 stocks trade at a PE of 9.3 or 55 percent of the PE of that market.
The average projected gain for the Junior Market IC TOP 10 stocks is 174 percent and 127 percent for the JSE Main Market, based on 2020-21 earnings. IC TOP10 stocks are likely to deliver the best returns up to March 2021 and ranked in order of potential gains, based on likely gain for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. Revisions to earnings per share are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated Tagged With: Berger Paints, Caribbean Assurance Brokers, Caribbean Producers, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, JMMB Group, junior market, Laco Distributors, Lasco Financial, Lumber Depot, NCB Financial Group, Radio Jamaica, Scotia Group, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Tropical Battery Company, Victoria Mutual 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.