Emerging markets — Page 233

Nice Junior Market rally

March 24, 2022 by IC Insider.com

Stocks mostly rose in trading on Thursday on the Jamaica Stock Exchange Junior Market, with the Market Index jumping 40.52 points to 4,104.06 as the volume of stocks traded surged 217 percent more than on Wednesday as the value jumped by 226.00 percent.
A total of 40 securities traded down from 44 on Wednesday, with 21 rising, eight declining and 11 closing unchanged.
The PE Ratio, a measure used in computing appropriate values for stocks, averages 22.2 for the Junior Market. The PE ratio of stocks in the chart below is based on ICInsider.com’s forecasted earnings for companies with financial years to the end of August 2022.

Overall, 51,849,620 shares traded for $167,982,544 compared to 16,377,032 units at $51,552,856 on the Wednesday. Spur Tree Spices led trading with 37.14 million shares accounting for 71.6 percent of total volume, followed by Jetcon Corporation, 3.24 million units for 6.3 percent of the day’s trade, FP Limited with 2.98 million units for 5.7 percent market share. EduFocal chipped in with 2.53 million units for 4.9 percent market share, Future Energy Source traded 1.35 million units for 2.6 percent market share and Tropical Battery ended with 1.22 million units for 2.4 percent market share of the overall volume.
Trading averaged 1,296,241 shares at $4,199,564 in contrast to 372,205 shares at $1,171,656 on Wednesday with the month to date, averaging 639,741 units at $2,373,786 compared to 600,606 units at $2,264,947 on the previous trading day. February closed with an average of 370,064 units at $1,402,517.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two with lower offers.
At the close, Access Financial lost $1 to $20 in switching ownership of 5,271 shares, Blue Power shed 19 cents to end at $4 in exchanging 3,127 stock units, Cargo Handlers rose 80 cents in closing at $11.40 with an exchange of 12,093 units. Caribbean Assurance Brokers gained 16 cents to close at $2.20 with 98,983 stocks changing hands, EduFocal popped 23 cents to $3.37 in exchanging 2,532,213 stocks, Everything Fresh increased 11 cents to $1.21, with 11,031 units changing hands. Future Energy Source advanced 10 cents to close at $6.30 after 1,350,570 stock units crossed the exchange, Jamaican Teas rallied 10 cents to end at $3.71 after exchanging 599,034 shares, Jetcon Corporation climbed 21 cents to $1.11 with the swapping of 3,243,403 stocks. Lasco Distributors popped 24 cents to $3.79, with 13,228 stock units crossing the market, Limners and Bards rallied 10 cents to close at $3.30 after an exchange of 442,861 shares Main Event declined 97 cents to $8, with 84,780 units clearing the market. Paramount Trading gained 13 cents in ending at $1.75 after trading 4,859 stock units, Spur Tree Spices advanced 25 cents to $3.60 with 37,136,928 units passing through the exchange, SSL Venture dropped 50 cents to end at $1.50 as 313,121 shares were traded and tTech increased 23 cents in closing at $4.29 after exchanging 207 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Edufocal, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Iron Rock Insurance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, JFP Limited, KLE Group, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Stocks closed mixed on Trinidad Stock Exchange

March 24, 2022 by IC Insider.com

Market activity ended on Thursday and resulted in more stocks rising than falling at the close of trading, but the market ended with the indices turning mixed results after the volume trading jumped 112 percent, with a 26 percent higher value than on Wednesday, at the close of the Trinidad and Tobago Stock Exchange.

Trinidad & Tobago Stock Exchange Head Quarters

A total of 20 securities traded up from 18 on Wednesday, with seven rising, four declining and nine ending unchanged. The Composite Index gained 11.41 points to settle at 1,466.18 the All T&T Index dropped 12.62 points to settle at 2,094.73 and the Cross-Listed Index climbed 5.20 points to settle at 111.13.
Overall 842,830 shares traded for $7,505,068 compared to 397,112 units at $5,937,284 on Wednesday. An average of 42,142 units traded at $375,253 compared to 22,062 shares at $329,849 on Wednesday, with trading month to date averaging 34,878 units at $453,602 versus 34,412 units at $458,624, previously. The average trade in February amounts to 47,858 units at $516,870.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings remained at $20.21, with 70 shares changing hands, Ansa McAl shed 1 cent to end at $57.50 with the swapping of 42 units, Ansa Merchant Bank increased 59 cents ending at $41 after 10,028 stock units crossed the market. Calypso Macro Investment Fund rallied 25 cents to end at a 52 weeks’ high of $20 after exchanging 100 stocks, Clico Investment Fund lost 24 cents to close at $29.65 after exchanging 35 shares, First Citizens Group fell $2.69 to close at $51.31 with 1,309 units changing hands. FirstCaribbean International Bank popped 2 cents to $6.08 with an exchange of 4,064 stock units, GraceKennedy ended unchanged at $6, with 100 stocks crossing the exchange, Massy Holdings finished at $6 after trading 782,778 shares. National Enterprises gained 1 cent to end at $2.82 in an exchange of 171 units, National Flour Mills finished at $1.84 after exchanging 30 stocks, NCB Financial Group rose 67 cents to close at $6.72 after trading 100 stock units. One Caribbean Media remained at $4.15, with 472 stocks clearing the market, Point Lisas ended unchanged at $3.50 in trading 25 units, Republic Financial Holdings dipped 1 cent to end at $141 in exchanging 7,479 shares. Scotiabank climbed 10 cents in closing at a 52 weeks’ high of $82 while 8,930 stock units changed hands, Trinidad & Tobago NGL advanced 15 cents to $20.40 in switching ownership of 8,399 shares, Trinidad Cement ended unchanged at $3.50 after trading 4,500 stock units. Unilever Caribbean finished at $15 in switching ownership of 1,854 units and West Indian Tobacco ended at $24 after 12,344 stocks passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, Ansa Mcal, Ansa Merchant Bank, Calypso Micro Index Fund, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens Group, GraceKennedy, Guardian Holdings, Massy Holdings, National Enterprises, National Flour, NCB Financial Group, One Caribbean Media, Point Lisas, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, Trinidad Cement, TTSE, Unilever Caribbean, West Indian Tobacco

10 JSE Main Market stocks + 1 for 10 years

March 24, 2022 by IC Insider.com

Some investors have time and inclination to monitor their investments regularly, but the vast majority do not. In the latter case, investors want to invest for the long haul, expecting that their investment will grow appreciably over time.
There are many factors to consider; these include continued growth of companies, inflation, possible shifts in government policies, and social and economic policy changes that can affect investment returns in the short and long term.
Junior Market stocks have some features that investors should pay observe. Most Main Market stocks have controlling interest that is likely to ensure continuity of ownership for years to come. The same is not so for Junior Market companies where there are few companies where controlling ownership is assured long-term.

Barita public stock offer pulled money away from other JSE stocks.

Barita Investments – Bankers are not supposed to be bright; they must be careful; this is an adage within the financial community worldwide. Tell that to the new management at Barita. Maybe if they were told, they might have avoided the negative comments they had to face in 2021. The directors can take comfort that JMMB Group suffered years of rumours about imminent failure, but they persevered and have prospered regardless and are now highly regarded. Barita stands an excellent chance of doing just that.
The recent focus on Barita is partially due to the current management taking a sleepy company and aggressively expanding into new and profitable areas and seems to be disrupting the status quo. They are aggressive and disruptive and are willing to go into areas with good growth potential when others take a more conservative posture. This approach is not risk free, to date, they seem to have prospered and their shareholders love it, having a rich stock price and healthy dividend payments. Additionally, Jamaica’s financial landscape is changing and providing increasing opportunities for growth of newer financial products. Barita has grown based on an increased capital base that stands them in good stead to prosper if management handles the resources at its disposal well. The company could be a significant player in financial services in the next ten years. They have taken a posture of paying out most profits and then going back to the market for added capital. That formula has worked well so far and has rewarded shareholders positively.

GraceKennedy has diversity in products, services, and geographic locations, making them one for the future, with a relatively significant presence in the USA and UK markets. They can enjoy good annual growth for years to come. The diversified product line put them in good stead to benefit from what seems set to be a reasonable period of economic growth for Jamaica. The Group has been acquiring new entities to expand the operations and geometric growth; this will give them increased bargaining power that can lower costs and drive revenues. Investors should not ignore the value of the Grace Brand will continue to be more valuable as the Group continues to make inroads into the international market. Currently, the stock is undervalued. Investors who can wait for the payoff could benefit from unlocking value down the road.

Jamaica Broilers’ product demand and global diversity will see them making money and providing good investment returns. Expected growth in the local tourism sector and the company’s efforts to expand its reach in the US market should augur well for investors from a company that is well managed and produces products that are in high demand in the local market. The negative is the politically sensitive nature of the main product. Management has been able to navigate such challenges and prospered over the years and should be able to do that in the future with their strong links to the farming community.

JMMG Group stock is severely undervalued currently. In addition, regional diversification, the variety of products and services it offers the public, and technology will drive revenues for the next ten years. The company has operations in the Dominican Republic, which is an excellent base for them to continue strong growth in that market with a population of 11 million, nearly four times the size of Jamaica. There is room for remarkable growth in that market that is not a financially developed market like Jamaica. Their banking arm in Jamaica and Trinidad is relatively small and they could enjoy above average growth that would be good for increased profit in the future.

Kingston Wharves has been around for decades and is highly profitable. It controls a significant portion of the logistics and distribution chain for imports and transhipment business, making them one to watch with growth expected in the Jamaican economy and growth in the transhipment. They should grow even faster as they cater to the local market and the expanding transhipment of goods within the region.

NCB Group stumbled in 2020, with the advent of the COVID 19 pandemic that saw major dislocations in businesses in Jamaica and worldwide, including the closure of the tourism industry. The Group suffered from a high degree of nonperforming loans, which is provided against and losses in the investment portfolio. The fourth quarter results for the just concluded year to September show that the worse is behind them and they should see growth in earnings for 2022. The Group is spread throughout the Caribbean and is involved in commercial and investment banking and insurance. Strong growth going forward will be dependent on a buoyant Jamaican economy and, to a lesser degree, that of Trinidad, where Guardian Holding is headquartered. Along the way, investors can expect a good level of dividends as compensation for waiting. The stock is currently in demand, but now could be the best time to start accumulating it.

Stephen Facey Chairman & Paul Hanworth Chief Operating Officer

PanJam Investment spans an array of activities from property development and ownership, many of them in prime areas in Jamaica, Investments, a significant owner in Sagicor Group and hotels. They are currently pushing into property investments in downtown Kingston and Montego Bay, the latter to be a hotel in the Montego Freeport area geared to business visitors. Buying into PanJam gives investors a strong involvement in Sagior Group, with the company owning around 30 percent of the shares. The Group has a long history of good performance and the suite of assets and quality management place them in an excellent position to grow at an attractive pace over the next ten years. While at it, don’t forget the heightened level of inflation that is currently afoot worldwide. PanJam, with its real estate and stock market portfolio, is well positioned to generate positive returns form as a result and protect investors against losing value in their investment in the company.

Radio Jamaica has lots of scope to grow revenues that will increase as the economy grows and swell profits as most of the revenues will fall to the bottom-line as operating costs are partly fixed. Most investors continue to focus on the old RJR but fail to recognize the Group’s invaluable assets, including the highly watched and profitable television station. The digital footprint is not to be ignored, with the Gleaner’s website being a big winner in the future, with the RJR site following. There are many developments taking place within the Group that will add to revenues and profit in the future. The digitization of television will create more flexibility in targeting markets with the signals and allow for expansion and increased income from the offerings it currently owns. Investors can look forward to reasonable dividend payments as profits grow in the future.

Sagicor Group & PanJam hit new closing highs.

Sagicor Jamaica is historically a strong performer that will benefit from continued growth in the Jamaican economy and buoyancy in the financial products that provide high returns. Apart from life insurance, they are involved in Health insurance and general insurance, investments, investment brokerage and banking. They control a sizeable portion of the local market and have a presence outside of Jamaica.

Scotia Group has had a long history of growing profits and dividends, with the stock price delivering attractive gains to investors over the years. In more recent years, things have not all gone well for the Group, with significant shifts in the financial market as new players and products came into the market and increased aggressiveness from the market leader NCB. The Group is now focusing on restructuring its branch network that will lead to lower costs while loans will be growing and driving interest income to help add to profits. The recent increase in interest rates will be highly beneficial to the Group. They will be generating more revenue from the government bonds as interest rates get some elevation from the Bank of Jamaica’s recent moves.

Wisynco Group is one of Jamaica’s larger manufacturing and distribution companies. The company has accumulated a wad of cash and will continue to do so with a very profitable operation that generates positive free cash flows. The growing buildup of cash places them in a healthy position to expand the group. The Group is involved in the manufacturing and distribution of products mainly for the local consumer market. It is a significant supplier to the tourism industry, with around 15 percent of the company’s goods. The sector continues to see growth with new hotel rooms being built and plans for more to come on stream in the future. It does not hurt with the company having a good management team, one of the most important elements in ensuring continued success in the business into the future.

Filed Under: Buy Rated, JSE Main Market, Stock Market Tagged With: Barita Investments, Emerging markets, Emerging Stock, GraceKennedy, ICBuyrated, Jamaica Broilers, Jamaica Stock Exchange, JMMG Group, Kingston Wharves, NCB Financial Group, PANJAM Investment, Radio Jamaica, Sagicor Jamaica, Scotia Group, Wisynco Group

Main Market rallies

March 23, 2022 by IC Insider.com

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Market activity ended on Wednesday, with the volume of shares trading declining 17 percent and the value jumping 159 percent higher than on Tuesday at the close of the Jamaica Stock Exchange Main Market as the market indices rose moderately.
The All Jamaican Composite Index rallied 1,681.76 points to settle at 434,587.17, the JSE Main Index and the JSE Financial Index rose 0.66 points to settle at 93.97. Trading ended with 57 securities compared to 55 on Tuesday, with 26 rising, 24 declining and seven ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.1. The PE ratios for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending to August 2022.
Overall, 33,966,132 shares traded for $614,323,672 versus 41,007,581 units at $237,565,083 on Tuesday. Radio Jamaica led trading with 11.11 million shares for 32.7 percent of total volume, followed by Wigton Windfarm, 8.46 million units, with 24.9 percent of the day’s trade. JMMB Group ended with 5.23 million units for 15.4 percent market share, Transjamaican Highway chipped in with 1.66 million units for a 4.9 percent market share. Carreras traded 1.42 million units for a 4.2 percent market share and JMMB Group 7.35% – 2028, after an exchange of 1.16 million units for 3.4 percent market share.
Trading averages 595,897 units at $10,777,608, compared to 745,592 shares at $4,319,365 on Tuesday and month to date, an average of 474,898 units at $6,184,700, compared to 466,578 units at $5,868,903 on the previous trading day. February closed with an average of 392,520 units at $3,199,976.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close, Barita Investments climbed $1.35 to close at $91 after trading 57,043 shares, Berger Paints rose 40 cents to $12 in an exchange of 201 units, Caribbean Cement lost $2.50 in ending at $67.50 with 10,353 stocks changing hands. Eppley fell 71 cents in closing at $41.99 in switching ownership of 1,472 stock units, Eppley Caribbean Property Fund declined $2.60 to $38.10 after exchanging 1,711 shares, GraceKennedy rallied $1.40 to $103.50, with 576,122 stock units crossing the exchange. Guardian Holdings popped $5 to end at $550 after 18,151 units passed through the market, Jamaica Producers dropped $1.77 to close at $21.53, with 6,327 stocks changing hands, Jamaica Stock Exchange rose 30 cents to $17.30 in an exchange of 17,154 units. JMMB Group advanced 50 cents in closing at $42.50 after exchanging 5,226,226 stock units, Kingston Properties increased $1.30 to close at $9.50 in an exchange of 4,861 stocks, Kingston Wharves shed $2.92 to $39.03 after 5,995 shares changed hands. NCB Financial rallied $1.48 to end at $113.50 with the swapping of 16,089 stock units, Palace Amusement increased $40 in closing at $990 while exchanging 34 units, PanJam Investment declined 91 cents after ending at $66.09 and trading 101,777 stocks. Portland JSX climbed 32 cents in ending at $8.49, with 1,199 shares clearing the market, Proven Investments popped $2 in closing at $36 with an exchange of 12,456 stock units, Scotia Group dropped 30 cents to end at $34.50 with an exchange of 165,558 units. Seprod gained $7.43 to close at $57.95 after 103,417 stocks crossed the market, Supreme Ventures fell 55 cents to $17.95 in switching ownership of 4,940 shares, Sygnus Real Estate Finance lost 99 cents in ending at $16.01 as 3,536 shares changed hands.
In the preference segment, 138 Student Living Preference share rose $1.14 to close at $9.24 after exchanging 109 stocks, Jamaica Public Service 9.5% shed $947.69 to $2650, with 58,119 stock units crossing the exchange and JMMB Group 7.25% preference share advanced 49 cents in closing at $2.80 in an exchange of 355 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, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Slippage for JSE USD Market

March 23, 2022 by IC Insider.com

Trading ended on the Jamaica Stock Exchange US dollar market on Wednesday, with the volume of shares changing hands declining by 39 percent after a 58 percent increase in the value than on Tuesday. Trading led to seven securities trading, up from six on Tuesday, with two rising, three declining and two ending unchanged.
The JSE US Denominated Equities Index fell 2.24 points to end at 202.37.
The PE Ratio, a measure used in computing appropriate stock values, averages 14.3. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years up to August 2022.
A total of 157,965 shares traded for US$27,627 compared to 257,151 units at US$17,522 on Tuesday. Trading averaged 22,566 units at US$3,947 compared to 42,859 shares at US$2,920 on Tuesday and month to date, averaging 50,271 shares at US$5,054 versus 52,191 units at US$5,130 on the previous day. February ended with an average of 87,719 units for US$9,318.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and three with lower offers.
At the close, First Rock Capital USD share shed 0.05 of a cent to close at 7.95 US cents in trading 3,372 shares, Margaritaville dropped 1.45 cents in closing at 18.5 US cents, with 500 stock units clearing the market, Productive Business Solutions gained 1.81 cents to end at US$1.038 after trading 47 stocks. Proven Investments popped 0.37 of a cent in ending at 23.4 US cents in exchanging 101,001 units, Sygnus Credit Investments USD share slipped 0.04 of one cent to 12.9 US cents, with 9,133 stocks changing hands and Transjamaican Highway ended unchanged at 0.89 of a US cent after trading 42,667 stock units.
In the preference segment, JMMB Group 5.75% remained at US$2.02 after an exchange of 1,245 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: Daily Trading, Emerging markets, First Rock Capital, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, JSE US dollar market, Margaritaville, Productive Business Solution, Proven Investments, Sygnus Credit Investments, Trading Activity, Transjamaican Highway

Junior Market inched higher on Wednesday

March 23, 2022 by IC Insider.com

Trading activity declined on Wednesday, with the volume of stocks traded falling 41 percent and the value dropping 47 percent behind Tuesday’s trades on the Jamaica Stock Exchange Junior Market leaving the market index just above the close on Tuesday.
Overall, 44 securities trading compared to 45 on Tuesday and ended with 19 rising, 20 declining and five closing unchanged, leaving the Junior Market Index advancing just 6.87 points to settle at 4,063.54, after hitting just over 4,123 points shortly after the market opened.
The PE Ratio, a measure used to compute appropriate stock values, averages 21.8. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 16,377,032 shares traded for $51,552,856 compared to 27,861,205 units at $97,674,911 on Tuesday. JFP Limited led trading with 4.48 million shares for 27.4 percent of total volume followed by EduFocal, 3.41 million units for 20.8 percent of the day’s trade, Paramount Trading, 1.37 million units for 8.4 percent market share, Lasco Distributors chipped in with 1.01 million units with 6.2 percent market share, Consolidated Bakeries and General Accident each traded 1.0 million units for 6.1 percent market share each.
Trading averaged 372,205 shares at $1,171,656 versus 619,138 shares at $2,170,554 on Tuesday with month to date, averaging 600,606 units at $2,264,947 compared to 616,634 units at $2,341,670 on the previous trading day. February closed with an average of 370,064 units at $1,402,517.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging declined 10 cents in ending at $3 after exchanging 159,587 shares, Blue Power rose 18 cents to close at $4.19 in trading 3,153 units, Cargo Handlers shed 95 cents to $10.60, with 5,831 stocks changing hands. strong>Caribbean Cream rallied 51 cents in closing at $5.23 after exchanging 139 stock units, Derrimon Trading climbed 17 cents to end at $2.70 with the swapping of 30,411 stock units, Dolphin Cove gained $1 to close at $27 while exchanging 66,796 stocks. EduFocal lost 13 cents to end at $3.14, with 3,409,042 shares crossing the market, Elite Diagnostic increased 11 cents in ending at $3.02 after 41,526 units changed hands, Everything Fresh dropped 11 cents to $1.10 in exchanging 51,967 stock units. Express Catering rose 20 cents in closing at $5.23 in trading 44,755 units, Fosrich popped 35 cents to $16.35, with 44,152 shares crossing the market, Honey Bun rallied 88 cents to end at $10 trading 20,739 stocks. JFP Limited fell 10 cents to close at $1.25 in an exchange of 4,484,237 units, Knutsford Express fell 55 cents in closing at $7.45 with an exchange of 3,210 stocks, Lasco Manufacturing declined 35 cents to $4.55 in switching ownership of 238,630 shares. Limners and Bards dropped 10 cents in closing at $3.20 after 91,413 stock units crossed the exchange, Lumber Depot climbed 13 cents to $3.50 with 133,403 stocks changing hands, Mailpac Group shed 21 cents to end at $3.08 after exchanging 359,901 shares. Spur Tree Spices lost 13 cents in ending at $3.35 after exchanging 244,406 units, Stationery and Office Supplies rose 45 cents to close at $7.49 after trading 16,100 stock units, Tropical Battery popped 17 cents ending at $2.35 in switching ownership of 644,617 shares and tTech increased 16 cents in closing at $4.06 with the swapping of 906 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Edufocal, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Iron Rock Insurance, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, JFP Limited, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Trading plunges on TTSE

March 23, 2022 by IC Insider.com

Market activity ended on Wednesday and resulted in more stocks rising than falling at the close of trading after the volume of stocks trading dived 66 percent and the value plunged 78 percent compared to Tuesday, at the close of the Trinidad and Tobago Stock Exchange.
A total of 18 securities traded compared to 22 on Tuesday, with six rising, five declining and seven remaining unchanged. The Composite Index declined 0.71 points to 1,454.77, the All T&T Index slipped 0.97 points in ending at 2,107.35 and the Cross-Listed Index declined 0.06 points to 105.93.
Overall, 397,112 shares traded for $5,937,284 compared to 1,175,927 units at $26,923,981 on Tuesday. An average of 22,062 units traded at $329,849 compared to 53,451 shares at $1,223,817 on Tuesday, with trading month to date averaging 34,412 units at $458,624 versus 35,168 units at $466,508 on the previous day of trading. The average trade for February amounts to 47,858 units at $516,870.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than their last selling price and one with a lower offer.
At the close, Agostini’s ended unchanged at $49.95 trading 1,000 shares, Angostura Holdings popped 1 cent to a 52 weeks’ high of $20.21, with 35,000 stocks crossing the market, Ansa McAl gained 51 cents in closing at $57.51 after an exchange of 1,200 units. Calypso Macro Investment Fund increased $1.25 to a 52 weeks’ high of $19.75, with 144 stock units changing hands, Clico Investment Fund remained at $29.89 after trading 26,563 shares, First Citizens Group lost 50 cents to close at $54 swapping of 1,053 stocks. Guardian Holdings fell 25 cents in closing at $28 after trading 1,310 units, JMMB Group shed 1 cent in ending at $2.25 after an exchange of 56,800 stock units, Massy Holdings inched 1 cent higher to end at $6 in exchanging 85,298 stock units. National Enterprises dropped 4 cents to $2.81, with 60,000 shares clearing the market, National Flour Mills finished at $1.84 in switching ownership of 848 units, One Caribbean Media declined 5 cents to $4.15 while exchanging 67,790 stocks. Republic Financial Holdings rallied 1 cent to $141.01, with 16,795 stocks crossing the exchange, Scotiabank popped $1.90 in closing at $81.90 after exchanging 899 shares, Trinidad & Tobago NGL ended unchanged at $20.25 in trading 25,842 units. Trinidad Cement remained at $3.50 with an exchange of 10,486 stock units, Unilever Caribbean finished at $15 after exchanging 2,860 shares and West Indian Tobacco ended at $24 with 3,224 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Stock Market, TTSE Market Tagged With: Agostini's, Angostura Holdings, Ansa Mcal, Calypso Micro Index Fund, Daily Trading, Emerging markets, Emerging Stock, Endeavour Holdings, First Citizens, Guardian Holdings, JMMB Group, Massy Holdings, National Enterprises, National Flour, One Caribbean Media, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, Trinidad Cement, TTSE, Unilever Caribbean, West Indian Tobacco

Declining JSE USD stocks beat winners

March 22, 2022 by IC Insider.com

On Tuesday, trading on the Jamaica Stock Exchange US dollar market ended with the volume of shares changing hands rising 80 percent, with the value 22 percent lower than on Monday, resulting in six securities trading compared to five on Monday, with two rising and four declining.
The JSE US Denominated Equities Index slipped 0.37 points to end at 204.61. The PE Ratio, a measure used in computing appropriate stock values, averages 14.4.
The PE ratio uses ICInsider.com earnings forecasts for companies with financial years up to August 2022.
A total of 257,151 shares traded for US$17,522 compared to 143,192 units at US$22,509 on Monday. Trading averaged 42,859 units at US$2,920, versus 28,638 shares at US$4,502 on Monday, with the month to date averaging 52,191 shares at US$5,130 compared to 52,780 units at US$5,270 on the previous day. February ended with an average of 87,719 units for US$9,318.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and three with lower offers.
At the close, First Rock Capital USD share lost 0.5 of one cent to end at 8 US cents after trading 687 shares, Proven Investments shed 0.37 of a cent to close at 23.03 US cents with an exchange of 51,611 stocks, Sterling Investments fell 0.3 of a cent to 2 US cents in an exchange of 10,540 units and Sygnus Credit Investments USD share declined 0.01 of a cent in closing at 12.94 US cents after exchanging 24,071 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: Daily Trading, Emerging markets, First Rock Capital, Jamaica Stock Exchange, Jamaican stocks, JSE US dollar market, Proven Investments, Sterling Investments, Sygnus Credit Investments, Trading Activity

Decline for JSE Main market

March 22, 2022 by IC Insider.com

Market activity ended on Tuesday, with the volume of shares trading declining 24 percent, but the value surged 38 percent higher than Monday on the Jamaica Stock Exchange Main Market as rising and falling stocks were close to evenly matched, but the market indices declined the close of trading.
The All Jamaican Composite Index dropped 1,389.99 points to settle at 432,905.41, the JSE Main Index fell 2,176.27 points to 385,233.79 and the JSE Financial Index shed 0.48 points to settle at 93.31.
Trading ended with 55 securities compared to 58 on Monday, with 20 rising, 22 declining and 13 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.1. The PE for the JSE Main and USD Market closing quotes is based on ICInsider.com earnings forecasts for companies with financial years ending to August 2022.
Overall, 41,007,581 shares were exchanged for $237,565,083 versus 54,167,221 units at $171,730,659 on Monday. JMMB Group 7.5% led trading with 23.07 million shares for 56.3 percent of total volume, followed by Wigton Windfarm with 10.01 million units for 24.4 percent of the day’s trade. Transjamaican Highway ended with 2.34 million units for 5.7 percent market share, Sagicor Select Financial Fund traded 1.12 million units in controlling 2.7 percent market share.
Trading averages 745,592 units at $4,319,365, compared to 933,918 shares at $2,960,873 on Monday and month to date, an average of 466,578 units at $5,868,903, compared to 446,751 units at $5,979,012 on the previous trading day. February closed with an average of 392,520 units at $3,199,976.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement increased $1 in closing at $70 after trading 64,655 shares, Eppley Caribbean Property Fund rallied $2.70 to close at $40.70 while exchanging 527 stocks, First Rock Capital advanced 72 cents to end at $11.95 after exchanging 19,356 units. GraceKennedy fell 90 cents to $102.10, trading 47,982 stock units, Guardian Holdings rose $17 to $545 in exchanging 2,216 stocks, Jamaica Producers climbed $1.90 to $23.30 in switching ownership of 55,779 units. Jamaica Stock Exchange popped 30 cents in ending at $17 after trading 26,277 shares, Kingston Properties dropped 30 cents in closing at $8.20 with the swapping of 2,056 stock units, Kingston Wharves gained $1.95 to end at $41.95, with 39,663 units crossing the exchange. Massy Holdings shed $5 to close at $102 after an exchange of 30,158 stocks, Mayberry Investments declined 70 cents in closing at $6.37, with 84,530 stock units crossing the market, NCB Financial lost $3.69 to end at $112.02 in an exchange of 125,661 shares. PanJam Investment popped $1.90 to $67, with 23,987 stock units clearing the market, Proven Investments fell $1.90 to $34, with 71,350 stocks changing hands, Seprod shed $2.48 to close at $50.52 with an exchange of 13,472 shares. Supreme Ventures climbed 50 cents in closing at $18.50 after 390,090 units crossed the market, Sygnus Real Estate Finance declined $1.13 to $17 in exchanging 564 stock units and Wisynco Group rallied 75 cents to close at $19.75, trading 75,999 units.
In the preference segment, 138 Student Living Preference share rose 35 cents to $8.10, trading 636 shares and Jamaica Public Service 9.5% jumped $469.26 in ending at a record $3597.69 with an exchange of 11 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market bounces back

March 22, 2022 by IC Insider.com

Trading closed on Tuesday, with the volume of stocks traded declining 43 percent and the value down by 49 percent from Monday at the close of the Jamaica Stock Exchange Junior Market with all 45 securities traded, up from 41 on Monday.
Trading ended with 20 stocks rising, 21 declining and four closing unchanged, leading to the Junior Market Index popping 43.25 points to settle at 4,056.67.
The PE Ratio, a measure used to compute appropriate stock values, averages 21.9. The PE ratio for stocks in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 27,861,205 shares traded for $97,674,911 compared to 49,008,399 units at $190,021,639 on the Monday. EduFocal led trading with 14.24 million shares for 51.1 percent of total volume, followed by JFP Limited, 3.07 million units with 11 percent of the day’s trade, Mailpac Group with 58 million units for 5.7 percent market share, Lasco Manufacturing with 1.55 million units for 5.6 percent market share. Lumber Depot with 1.55 million units controlling 5.6 percent market share and Future Energy Source with 1.35 million units for 4.8 percent market share.
Trading averaged 619,138 shares at $2,170,554 in contrast to 1,195,327 shares at $4,634,674 on Monday with the month to date averaging 616,634 units at $2,341,670, compared to 616,440 units at $2,354,900 on the previous day. February closed with an average of 370,064 units at $1,402,517.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial rose 20 cents to end at $21 after trading 161 shares, AMG Packaging popped 15 cents in closing at $3.10 after exchanging 8,200 units, CAC 2000 lost 34 cents after ending at $7.55, with 1,363 stock units crossing the market. Cargo Handlers increased $3.05 to $11.55 and closed trading with 4,364 stocks, Caribbean Assurance Brokers declined 14 cents to close at $2.10 after 193,028 stocks crossed the market, Caribbean Cream shed 51 cents to end at $4.72 in exchanging 2,676 stock units. Caribbean Flavours gained 10 cents to close at $2.02 with 20,500 units changing hands, EduFocal rallied 12 cents to $3.27 after trading 14,239,618 shares, Fosrich fell 20 cents in closing at $16 in finishing trading with 3,350 shares. Future Energy Source advanced 16 cents to $6.15 in an exchange of 1,350,940 stock units, General Accident dropped 24 cents to $5.91 in exchanging 67,578 units, GWest Corporation declined 10 cents to 94 cents in switching ownership of 15,579 stocks. Iron Rock Insurance climbed 21 cents to $3.41 with the swapping of 96,745 units, ISP Finance shed $2.21 to close at $29.99 with an exchange of 160,889 stocks, Jamaican Teas climbed 12 cents in closing at $3.62 in trading 326,321 shares. KLE Group fell 20 cents to $2.65, with 41,960 stock units changing hands, Knutsford Express advanced 15 cents to end at $8 while exchanging 2,271 shares, Lasco Financial rose 22 cents to $3.42 in trading 4,276 stocks. Lasco Manufacturing popped 31 cents in closing at $4.90 while 1,554,527 units crossed the exchange, Limners and Bards gained 10 cents to close at $3.30 after exchanging 60,238 stock units, Lumber Depot lost 13 cents to close at $3.37 with 1,550,143 stock units switching owners. Mailpac Group rose 30 cents to $3.29 after 1,579,531 units changed hands, Main Event dropped 14 cents to $9 while exchanging 441,279 stocks and SSL Venture fell 20 cents to end at $2 after finishing trading of 333,461 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.