Carreras — Page 85

Declining JSE Main Market

January 19, 2021 by IC Insider.com

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

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

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

All round gains for JSE Main market

January 18, 2021 by IC Insider.com

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

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

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Mailpac drops out of IC TOP15 stock listing

January 17, 2021 by IC Insider.com

Stocks left to languish at depressed prices for months are coming back to life as some investors are now seeing the light of the huge potential profit in Junior Market stocks compared to their senior counter paths in the Main Market.
The Main Market slipped a bit to end the first half of January, with a modest loss but technical indicator points to it heading towards the 460,000 points level on the All Jamaica Composite Index, soon. The Junior Market is up 2.4 percent since the 2020 close and is a few points away from the level reached at the close of March 5 last year, having surpassed the April high, as the bullish golden cross takes full hold on the market to launch a big rally.
During this past week, IC TOP 15 selections MailPac, Caribbean Cream and Jamaican Teas all posted gains with Mailpac hitting a series of record highs this past week and closed at $3.75 up 30.6 percent since the end of 2020 and is now well outside of the 2021 Top 15 list for Junior Market stocks. The stocks still have much room for growth in the year to benefit from a strong increase in revenues. Caribbean Cream posted continued growth in sales for the November quarter and almost doubled profit for the nine months period and increased it by 37.5 percent for the third quarter. The stock gained 50 cents at the close on Friday but traded as high as $5 during the week and moved from fifth spot last week to ninth position on the 2020/21 TOP10 list. Jamaican Teas gained 25 percent since December and seems poised to move higher as interest in the stock grows since the announcement of a three for one stock split late last year. An indication of increased interest is the exchange of 4 million shares on Friday. The stock moved from the fourth position last week to seventh this past week as it gained 24 percent for the week.
Lasco Manufacturing rose in the past week and moved out of the TOP10 Junior Market ranks, with Honey Bun replacing it.
The current TOP 10 report is based on earnings for 2020/21 as there are substantial gains ahead, for many stocks in the listings.
Investors should be on the lookout for new quarterly results with Express Catering and Margaritavillle and should release results this week. Before the month ends, expect results from Caribbean Cement, QWI, NCB Financial, Barita and the three Lasco companies.
The top three stocks in the Junior Market with the potential to gain between 208 to 373 percent are Lasco Financial, followed by Caribbean Producers and Elite Diagnostic. With expected gains of 125 to 315 percent, the top three Main Market stocks are, Berger Paints followed by Grace Kennedy and Jamaica Broilers.
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 16.4 and the Junior Market 14.6, based on ICInsider.com’s projected 2020-21 earnings. The PE ratio for the Junior Market Top 10 stocks average a mere 7.6 at just 52 percent of the market average. The Main Market TOP 10 stocks trade at a PE of 9.2 or 56 percent of the PE of that market.
The average projected gain for the Junior Market IC TOP 10 stocks is 185 percent and 130 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 Financial, Berger Paints, Caribbean Assurance Brokers, Caribbean Producers, Carreras, Daily Trading, Emerging markets, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Laco Distributors, Lasco Financial, Lumber Depot, MailPac Group, Medical Disposables, Radio Jamaica, Scotia Group, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

Friday’s trading halts falling market Index

January 15, 2021 by IC Insider.com

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

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, 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 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

Sleepy JSE Main market trading

January 14, 2021 by IC Insider.com

In a sedate trading session on Thursday, the Main Market of the Jamaica Stock Exchange closed with modest activity, with 15 percent fewer shares changing hands than on Wednesday and ended with modest changes in the market index rising after more stocks advanced than declined.
At the close, the All Jamaican Composite Index dipped 55.38 points to 426,012.48, the Main Index gained 128.37 points to 388,746.14 and the JSE Financial Index slipped 0.08 points to settle at 100.17.
Trading ended with 43 securities changing hands compared to 42 on Wednesday and closed with prices of 19 stocks rising, 14 declining and 10 remaining unchanged. The PE Ratio closed with an average of 16.9 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 12,956,415 shares for $60,027,692 compared to 15,177,464 units at $53,121,465 on Wednesday. Wigton Windfarm led trading with 35.2 percent of total volume for 4.56 million shares, followed by Pulse Investments with 21.9 percent for 2.83 million units, Sagicor Select Financial Fund with 9.9 percent for 1.28 million units, Eppley 8.9 percent for 1.16 million units and QWI Investments with 1.11 million units for 8.6 percent market share.
Trading for the day averaged 301,312 units at $1,395,993 for each security compared to an average of 361,368 shares at $1,264,797 on Wednesday. Trading month to date averaged 346,427 units at $1,133,366, in contrast to 351,891 units at $1,101,554 on the prior trading day. Trading in December averaged 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator reading has five stocks ending with bids higher than their last selling prices and six with lower offers.
At the close of business, Berger Paints shed 57 cents to settle at $13.50 after trading 35,788 shares, Caribbean Cement rose $3.35 to $63.50, with 2,890 stock units crossing the market, Eppley dropped $2.21 to $19.43, after exchanging 1,156,045 stock units, Eppley Caribbean Property Fund climbed $7 to close at $48, in trading 2,439 units. Jamaica Broilers rose 49 cents to $28 after crossing the market with 3,423 shares. Jamaica Producers gained 23 cents to end at $20, with an exchange of 6,713 units, Jamaica Stock Exchange shed 35 cents to settle at $18.95, trading 1,166 stock units, JMMB Group shed 49 cents in closing at $32.51, with 127,806 shares changing hands. Kingston Properties rose 50 cents to $7.25, in exchanging 1,000 units, Kingston Wharves gained 35 cents to $47.50 in exchanging 1,100 shares. MPC Caribbean Clean Energy dropped $7.47 to $150 after transferring 250 units, NCB Financial rose 50 cents to $140, trading 12,328 stocks. Pan Jam Investment advanced $5.84 to $71.94, with 270 units changing hands, Scotia Group gained 50 cents to close at $43 after exchanging 7,800 stock units and Seprod climbed $2.20 to $64.20, in trading 13,586 shares.

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: 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

JSE Main Market drops on Tuesday

January 12, 2021 by IC Insider.com

Trading activities knocked several thousand points off the indices of the Jamaica Stock Exchange Main Market after more stocks declined than rose on Tuesday after an exchange of 33 percent fewer shares and a 13 percent fall in value than on Monday.
The All Jamaican Composite Index slumped 3,448.73 points to 427,800.39, the Main Index dropped 3,105.44 points to close at 390,255.61 and the JSE Financial Index dipped 1.17 points to settle at 101.03.
Trading ended with 47 securities changing hands compared to 45 on Monday and closed with prices of 13 stocks rising, 23 declining and 11 remaining unchanged.
The average PE Ratio closed at 16.6 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 14,425,631 shares for $58,928,355 down from 21,543,484 units at $67,653,800 on Monday. Transjamaican Highway led trading with 47.7 percent of total volume for 6.88 million shares followed by Pulse Investments with 18.1 percent for 2.61 million units and Wigton Windfarm with 12.8 percent market share for 1.85 million units.
Trading averaged 306,928 units at $1,253,795, versus 478,744 shares at $1,503,418 on Monday. Trading month to date averaged 350,619 units at $1,079,650, in contrast to 358,339 shares at $1,048,880 on Tuesday. Trading in December averaged 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator reading has seven stocks ending with bids higher than their last selling prices and five with lower offers.
At the close of trading, Berger Paints advanced $1.10 to $14.10, with an exchange of 895 shares, Eppley rose 90 cents to $27.90 exchanging 930 stocks. Eppley Caribbean Property Fund gained 44 cents to finish at $43, with 7,400 units crossing the exchange, Jamaica Broilers ended 40 cents higher at $28.40 trading 10,160 stocks, Mayberry Jamaican Equities lost 30 cents in closing at $7.70, with an exchange of 18,845 shares. NCB Financial declined $3.63 to $138.37 after investors swapped 21,271 shares, 138 Student Living gained 38 cents in closing at $4.89 trading 6,805 stocks, Pan Jam Investment shed 57 to $72, in exchanging 8,090 shares, Portland JSX fell $1 to $8.50, in transferring 1,673 stock units. Pulse Investments lost 30 cents to end at $4.45, with investors swapping 2,607,378 shares, Sagicor Group rose 85 cents to end at $50.35 after trading 10,629 stock units, Sagicor Real Estate Fund declined by $1.95 to $6.30, as investors swapped 10,000 shares and Salada Foods fell $2.75 to $26, with 871 units crossing the market.
In the preference segment, Eppley 8.75% preference share dropped 52 cents to $7 with 1,000 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, 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, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Slight dip for JSE Main Market stocks

January 11, 2021 by IC Insider.com

Trading took a breather on Monday with the market declining after more stocks declined than rose after an exchange of 158 percent shares than on Friday in trading activity on the Jamaica Stock Exchange Main Market.
At the close, the All Jamaican Composite Index shed 798.73 points to 431,249.12, the JSE Main Index fell by 720.19 points to 393,361.05 and the JSE Financial Index lost 0.17 points to settle at 102.20.
Trading ended with 45 securities changing hands up from 40 on Friday and closed with 12 stocks rising, 22 declining and 11 remaining unchanged. The average PE Ratio ended at 16.8 based on ICInsider.com’s 2020-21 earnings forecast.
Traders exchanged 21,543,484 shares for $67,653,800 up from 8,357,028 units at $62,510,845 on Friday. 1834 Investments led trading with 46.5 percent of total volume for 10.02 million shares, followed by Pulse Investments with 17.5 percent for 3.77 million units. Wigton Windfarm took 16.2 percent of trading, with 3.48 million shares, Transjamaican Highway with 4.8 percent for 1.04 million units and Sagicor Real Estate Fund with 4.7 percent market share for 1.01 million units.
Trading for the day averaged 478,744 units at $1,503,418 for each security, compared to an average of 208,926 shares at $1,562,771 on Friday. Trading month to date averaged 358,339 units at $1,048,880 for each security, in contrast to 333,822 units at $956,327 on the prior trading day. Trading in December averaged 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of trading, Barita Investments fell 75 cents to $84, in trading 59,373 shares, Berger Paints dropped by $1.10 to $13, with 2,010 stock units changing hands. Caribbean Cement climbed $1 to $61, after a transfer of 1,327 units, Eppley fell 99 cents to $27 trading 709 stocks, Eppley Caribbean Property Fund dropped $1.87 to $42.56 after exchanging 651 stock units. First Rock Capital advanced $1.15 to $13.75, in clearing the market with 54,287 units, Jamaica Broilers gained 65 cents in closing at $28 and exchanging 104,778 shares, Jamaica Producers dropped $1.33 to $19.77, with 12,260 units clearing the market. JMMB Group closed at $32.65, with a loss of 85 cents after exchanging 42,013 shares, Key Insurance slipped 17 cents to $6.18, in swapping 47,372 stock units. MPC Caribbean Clean Energy rose 47 cents to $157.47 in switching ownership of 10 shares, NCB Financial Group shed $1.70 to end at $142 after clearing the market with 30,449 stocks. 138 Student Living lost 34 cents to close at $4.51 exchanging 151 units, Palace Amusement slipped $5 to $1,295, trading 15 units, PanJam Investment shed 43 cents to end at $72.57, with the swapping of 137 stock units, Proven Investments slid 69 cents to $35.10 trading 22,684 units. Pulse Investments gained 8 cents in closing at $4.75, after exchanging 3,765,486 shares, Sagicor Group shed 95 cents to end at $49.50 in exchanging 9,798 units. Sagicor Real Estate Fund fell 73 cents to $8.25, with 1,010,838 stocks changing hands, Supreme Ventures shed 40 cents in closing at $17.50, after the transfer of 29,737 shares. Sygnus Credit Investments rose 57 cents to $17.27, in trading 9,730 units and Victoria Mutual Investments lost 9 cents in closing at $5.91, with an exchange of 46,532 stock units.
In the preference segment, Eppley 8.75% preference share rose 46 cents to settle at $7.52, with 373 shares crossing the exchange, Eppley 8.25% climbed $1 to $7, finishing with a transfer of 200 units and JMMB Group 7.5% gained 5 cents to close at 75 cents, in an exchange of 37,141 shares.

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, 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, 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

Lots of gains left for IC 2020 TOP10 stocks

January 9, 2021 by IC Insider.com

The TOP 10 report is back and based on earnings for the 2020/21 period as there are still substantial gains ahead for many stocks in the listing, accordingly, ICInsider.com will hold off from our weekly commentary for the 2021/22 listings posted earlier this week.
For the few days in 2021, the Junior Market has moved slightly higher than the 2020 close and is a few points away from April’s high point and March 5 last year as the bullish golden cross takes full hold on the market to launch a big rally.
The Main Market slipped a bit to end the first week of the new year with a modest loss, but technical indicator points to it heading towards the 460,000 points level on the All Jamaica Composite Index.
Investors should be on the lookout for new quarterly results starting this week with AMG Packaging, Caribbean Cream, Express Catering, Knutsford Express, Margaritaville and Paramount Trading should release results this week. Before the month ends, other results expected are from Caribbean Cement, QWI Investments, NCB Financial, Barita Investments and the Lasco companies.
The top three stocks in the Junior Market with the potential to gain between 199 to 364 percent by March 2021 are Caribbean Producers, followed by Elite Diagnostic and Lasco Financial. With expected gains of 123 to 219 percent, the top three Main Market stocks are Berger Paints, followed by Scotia Group and Grace Kennedy.

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

Filed Under: Buy Rated Tagged With: Access Financial, Berger Paints, Caribbean Assurance Brokers, Caribbean Producers, Carreras, Daily Trading, Emerging markets, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Laco Distributors, Lasco Financial, Lumber Depot, Medical Disposables, Radio Jamaica, Scotia Group, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

JSE Main Market slips on Friday

January 8, 2021 by IC Insider.com

Prices of stocks mostly rose in early trading Friday, pushing the All Jamaican Composite Index up by more than 1,300 points, after 30 minutes of the opening of trading on the Jamaica Stock Exchange Main Market. The gains eventually gave way to a small loss at the close, after an exchange of 80 percent more shares than on Thursday.
At the close of trading, the All Jamaican Composite Index fell by 779.63 points to 432,047.85, the JSE Main Index shed 705.51 points to 394,081.24 and the JSE Financial Index lost 0.23 points to end at 102.37.
Trading ended with 40 securities changing hands compared to 44 on Thursday and closed with prices of 18 stocks rising, 14 declining and eight remaining unchanged. The average PE Ratio sits at 17 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 8,357,028 shares for $62,510,845 compared to 42,478,328 units at $63,599,694 on Thursday. Pulse Investments led trading with 23.9 percent of total volume for 1.99 million shares, followed by Transjamaican Highway with 23.6 percent for 1.97 million units, Carreras with 18.3 percent for 1.53 million units and Wigton Windfarm with 13.2 percent of the day’s trades for 1.1 million units.
Trading averaged 208,926 units at $1,562,771 compared to 965,417 shares at $1,445,448 on Thursday. Trading month to date averaged 333,822 units at $956,327, in contrast to 361,424 units at $822,306 on Thursday. Trading in December averaged 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator reading has seven stocks ending with bids higher than their last selling prices and three with lower offers.
At the market’s close, Berger Paints gained $1.10 in closing at $14.10, with 6,614 stock shares crossing the market, Caribbean Cement declined by $2 to $60, with investors swapping 6,491 stock units, First Rock Capital gained 40 cents in ending at $12.60, after exchanging 2,100 units. Grace Kennedy shed 50 cents in closing at $65, with a transfer of 27,899 shares, Jamaica Broilers declined by $2.15 to $27.35, in exchanging 385,609 shares, Jamaica Producers closed $1.05 higher at $21.10, with 10,506 stock units clearing the market. Jamaica Stock Exchange shed 72 cents to settle at $19.20 after trading 6,732 units, Kingston Wharves gained 50 cents in closing at $47 in an exchange of 3,090 stock units, Mayberry Investments picked up 32 cents to end at $5.97 after clearing the market with 14,716 shares. Pan Jam Investment climbed $4.97 to $73, with 11,719 stock units changing hands, Proven Investments gained 66 cents to end at $35.79, with 9,626 shares crossing the market, Sagicor Real Estate Fund rose 71 cents to $8.98 trading 2,121 stock units. Salada Foods climbed $3.75 to $28.75, transferring 33 units, Scotia Group fell by $1 to $43, with 175,560 shares crossing the market and Sygnus Credit Investments lost 40 cents to close at $16.70, clearing the market with 51,777 shares.

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 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

Rise for JSE Main Market

January 7, 2021 by IC Insider.com

Stocks put in modest gains for the Jamaica Stock Exchange Main Market at the end of trading on Thursday after an exchange of five times more shares than on Wednesday at nearly twice the value as rising stocks beat out declining ones.
At the close, the All Jamaican Composite Index advanced by 626.97 points to 432,827.48, the Main Index rose 425.29 points to 394,786.75 and the JSE Financial Index inched 0.06 points higher to 102.60.
Trading ended with 44 securities changing hands compared to 46 on Wednesday and closed with prices of 18 stocks rising, 15 declining and 11 remaining unchanged. The PE Ratio closed with an average of 16.9 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 42,478,328 shares for $63,599,694 up sharply from 8,061,938 units at $33,788,624 on Wednesday. QWI Investments led trading with 71.1 percent of total volume for 30.21 million shares, followed by Transjamaican Highway with 19.6 percent for 8.34 million units and Sagicor Select Financial Fund with 2.2 percent for 947,698 units.
Trading averaged 965,417 units at $1,445,448 compared to 175,260 shares at $734,535 on Wednesday. Trading month to date averaged 361,424 units at $822,306 compared to 167,441 units at $622,172 on the prior trading day. Trading in December averaged 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator reading has seven stocks ending with bids higher than their last selling prices and two with lower offers.
At close of trading, Barita Investments lost 25 cents to close at $84.75, with an exchange of 2,952 shares, Berger Paints shed 89 cents to $13 in swapping 4,523 units, Caribbean Cement climbed $1.60 to $62, with investors swapping 1,610 units. First Rock Capital lost 70 cents in closing at $12.20, with 2,404 units changing hands, Grace Kennedy rose $1.50 to $65.50 trading 52,367 shares, JMMB Group closed $1.50 higher at $33.50, with 159,912 shares crossing the exchange. Kingston Wharves finished 50 cents lower at $46.50, after 1,753 units traded, NCB Financial shed 45 cents to $143.55 after trading 14,666 stock units, Palace Amusement climbed $194 to $1,300, in an exchange of 87 shares, Pan Jam Investment dropped $6.17 to close at $68.03, with investors swapping 1,468 units. Proven Investments rose 73 cents to finish at $35.13 in exchanging 2,960 units, Seprod fell $1 to $64, with a transfer of 13,722 stock units, Supreme Ventures gained 31 cents to close at $17.87, with 5,935 shares changing hands.
In the preference segment, Eppley 8.75% preference share shed 46 cents to close at $7.06, trading 3,438 units.