Emerging markets — Page 486

Still no trading in Witco stock

November 27, 2019 by IC Insider.com

Witco bid price close at $40.

After the three for one stock split of West Indian Tobacco shares took effect on Tuesday, there is no trading in the stock so far, although there is buying interest.
The number of stocks on the bid to buy is up to 1,065 units at $40 compared with the adjusted last traded price of $34.98. There were no stocks on offer posted sell at the close.
Investors exchanged 633,013 shares for $4,629,584 from an exchange of 15 securities against 12 on Tuesday, when 174,546 shares for $2,851,630 traded.
At the close of the market, the prices of 3 stocks rose, 5 declined while 7 remained unchanged, leading the Composite Index to rise 3.43 points on Wednesday to 1,416.80. The All T&T Index rose 0.55 points to 1,763.87, while the Cross Listed Index gained 0.86 points to close at 144.99.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 5 stocks with bids lower than their last selling prices and 4 with lower offers.
Gains| First Citizens Bank ended trading with 5 cents and completed trading at $42.05, with investors exchanging 150 shares, JMMB Group added 20 cents to close at $2.50, after exchanging 426,753 shares and Republic Financial increased 30 cents and settled at $125.80, with 760 stock units changing hands.
Losses| Ansa Mcal closed with a loss of 1 cent at a 52 weeks’ low of $53.99, with 500 stock units trading, First Caribbean International Bank fell 1 cent and ended at $8.22, after exchanging 840 shares, Guardian Media dropped 45 cents and completed trading at a 52 weeks’ low of $7.80, after exchanging 3,549 shares. Trinidad & Tobago NGL fell 25 cents and ended trading of 64,472 shares at a 52 weeks’ low of $20.75 and Unilever Caribbean shed 25 cents and completed trading at $23.50 after exchanging 900 shares.
Firm Trades| Agostini’s traded 20,630 shares unchanged at $24, Clico Investment Fund settled at $24.35, with 2,680 units, Guardian Holdings closed at $18.50, with investors exchanging 34,752 shares, NCB Financial settled at $11, with 54,890 stock units changing hands, Point Lisas ended at $3.60, after swapping of 360 shares. Prestige Holdings completed trading at $8.40 in exchanging 2,185 shares and Sagicor Financial concluded trading at $11, with 19,592 stock units changing hands.

Prices of securities trading are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: Agostini's, Ansa Mcal, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Guardian Holdings, JMMB Group, Massy Holdings, NCB Financial Group, Point Lisas, Prestige Holdings, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean, West Indian Tobacco

JSE main market in consolidation mode

November 26, 2019 by IC Insider.com

Activities picked up a bit on the Jamaica Stock Exchange primary market on Tuesday but left the market in a stalemate with an almost equal number of securities rising and falling as the market tries to claw its way higher ahead of the final month of 2019.
At the close, the All Jamaican Composite Index dipped 432.09 points to close at 552,267.83, the JSE Index lost 548.28 points to 502,734.12 while the JSE Financial Index gained 0.16 points to close at 136.63.
The market closed with 40 securities changing hands in the main and US dollar markets with 15 stocks advancing, 14 declining and 11 stocks trading firm. Main market activity ended with 37 securities accounting for 34,952,276 units valued at $127,514,628, in contrast to 17,983,605 units valued at $109,287,271 on Monday from 38 securities.
Sagicor Select Funds dominated trading with 16 million shares for 46 percent of the day’s trade, Wigton Windfarm with 13.2 million shares and 38 percent and QWI Investments with 1.7 million shares and 4.9 percent of total volume.
The market closed with an average of 944,656 units valued at an average of $3,446,341 for each security traded, in contrast to 473,523 units for an average of 2,875,981 on Monday. The average volume and value for the month to date amounts to 660,717 units valued at $8,989,829 and previously, an average of 644,199 units valued at $9,331,109 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 15 stocks ending with bids higher than their last selling prices and 9 with lower offers. The PE ratio of the market ended at 17.7, with the traditional market ending at 18.6 times 2019 current year’s earnings.
In the premier market, Barita Investments climbed $2 higher to $72 after trading 42,782 shares, Caribbean Cement lost $1 to settle at $79, after exchanging 5,766 shares, Eppley Caribbean Property Fund dropped $3.60, in ending at $33 with 850 units traded. Eppley gained 50 cents to close at $15, in swapping 700 shares, Grace Kennedy rose by 50 cents to $62.50, while transferring 82,359 units, Jamaica Broilers lost $2 to close at $38, with an exchange of 32,186 shares, Jamaica Stock Exchange climbed $1.80 to finish at $26.80 after 807,402 shares changed hands. Mayberry Investments closed with a rise of $1.80 to $10, in transferring 92,283 stock units, 138 Student Living lost 40 cents, ending the day at $3.90 with 515,355 units changing hands. PanJam Investment climbed to $102.50, with gains of $1.40 in swapping 2,730 shares, Sagicor Group closed $1 higher to $66, with an exchange of 281,208 stock units, Seprod climbed $1.37 higher to $51.99, with 19,942 units traded and Wisynco Group lost 50 cents in ending at $23.50 with 66,497 shares crossing the market.
Trading in the US dollar market closed with 482,671 units valued at US$154,386, with the market index declining 5.63 points to close at 208.55. Proven Investments gained 0.45 cents and closed at 32 US cents while trading 469,420 shares, JMMB Group 6% preference share closed at US$1.01, losing 1 US cent, with 13,070 units changing hands and Sygnus Credit Investments ended at 14 US cents with an exchange of 181 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley Caribbean Property Fund, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, 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, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Junior Market trading drops index rise

November 26, 2019 by IC Insider.com

Investors traded the same number of Junior Market securities on Tuesday as on Monday but with fewer units changing hands with a mere 779,323 units valued at $4,286,981 compared to 1,945,433 units valued at $5,415,942 on Monday.
At the close, the market index climbed by 29.38 points to close at 3,342.64, resulting from 9 securities rising and 14 declining while the prices of 8 remained unchanged and the market’s average PE standing at 14.6.
Trading ended with an average of 25,977 units for $142,899 in contrast to 64,848 units for an average of $180,531 on Monday. The average volume and value for the month to date amounts to 115,963 shares at $551,261 and previously 121,529 shares at $576,521, for each security traded. In contrast, October closed with an average of 186,927 units valued at $788,734 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator with 7 stocks ending with bids higher than their last selling prices and 7 with lower offers.
At the close of the market, Access Financial lost $2 in trading of 4,000 units to close at $29, AMG Packaging ended with 2,601 shares changing hands, after rising 2 cents to end at $2.07, Blue Power declined 35 cents to $6.95, after transferring 17,787 shares. Caribbean Producers closed 2 cents higher at $4.72, trading 3,100 stock units, Derrimon Trading ended with 10,000 shares crossing the exchange, after rising 1 cent to end at $2.65. Dolphin Cove climbed $2.75 to settle at $11.75 with 6,226 shares changing hands, Elite Diagnostic lost 15 cents in trading 55,195 units at $5.15, Everything Fresh exchanged 5,000 shares, after rising 35 cents to end at $1.45, Express Catering ended market activity in exchanging 19,700 shares to close at $5.70 after falling 70 cents. Fosrich declined 5 cents to settle at $4.70, with 6,000 shares crossing the exchange. Fontana lost 29 cents in trading of 216,393 units at $7.20, General Accident dipped 9 cents with 10,000 shares changing hands to close at $8, Indies Pharma slipped 16 cents in trading 12,809 stock units to close at $3.20, Jamaican Teas shed 25 cents with 15,300 units crossing the exchange at $5.95. Jetcon Corporation declined 10 cents in trading 3,210 units at $1.80, Knutsford Express saw 3,368 units transferred with a gain of 50 cents to end at $10.50, Lasco Distributors shed 10 cents in trading of 55,474 units at $3.30, Lasco Manufacturing lost 15 cents in 54,354 units changing hands at $5. Limners and Bards fell 5 cents in trading of 33,137 units at $2.70, Medical Disposables traded with 27,000 shares, after rising 80 cents to end at $8.80, Paramount Trading closed with a transfer of 26,842 units and gained 25 cents to end at $2 and SSL Venture lost 8 cents in trading 3,000 shares to close at $1.50.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, Caribbean Producers, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, 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

Republic’s Monday’s gains reversed

November 26, 2019 by IC Insider.com

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Republic Bank

The Trinidad & Tobago Stock Exchange dropped sharply at the close on Tuesday as investors pushed back Republic Holdings down to $125 at the end along with others, including three that hit five years’ lows.
Investors exchanged 174,546 shares for $2,851,630 from an exchange of 12 securities against 15 on Monday, when 473,189 shares for $9,463,769 traded. The big news of the day is the three for one stock split of West Indian Tobacco stock and the closing bid at $40 compared with the adjusted last traded price of $34.98, suggesting a big boost to the market indices when next it trades.
At the close of the market, the prices of 4 stocks rose, 5 declined while 3 remained unchanged, leading the Composite Index to drop 8.60 points to end at 1,413.37. The All T&T Index dived 19.37 points to 1,763.32, while the Cross Listed Index rose 0.32 points to close at 144.13.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 5 stocks with bids lower than their last selling prices and 4 with lower offers.
Gains| Clico Investment Fund rose 25 cents and ended at $24.35, after exchanging 30,000 shares, JMMB Group rose 5 cents to close at $2.30, after trading 44,106 stock units. LJ Williams B shares gained 5 cents and ended at five years record high of $1.20, with 5,000 units crossing the exchange and Sagicor Financial gained 25 cents and ended at 52 weeks high of $11, with 12,034 stock units changing hands.
Losses| Ansa Merchant Bank fell 25 cents and settled at $35.50, after exchanging 50 shares, Guardian Holdings closed with a loss of 5 cents at $18.50, after trading 9,690 shares, National Enterprises shed 26 cents and ended at a 5 years’ low of $5.50, with 5,000 stock units crossing the exchange. Republic Financial dropped $4.50 to finish $125.50, with 650 units changing hands and Trinidad Cement ended trading of 4,089 shares and lost 10 cents to close at a five years’ low of $1.80.
Firm Trades| Massy Holdings completed trading of 7,776 units at $58, Point Lisas closed at $3.60, with 2,640 stock units changing hands and Trinidad & Tobago NGL ended trading 53,511 shares to close at $21.

Prices of securities trading are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Merchant Bank, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Citizens, Guardian Holdings, JMMB Group, LJ Williams, Massy Holdings, National Enterprises, NCB Financial Group, Point Lisas, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, West Indian Tobacco

Shocking 1 year wait for stock split

November 26, 2019 by IC Insider.com

After shareholders approved a three for one stock split of West Indian Tobacco Company shares, the government of Trinidad and Tobago has just recently granted approval for the company to proceed, in a matter that should have been automatic.
The company in its September quarterly report states, “immediately following the shareholders’ approval of the share split in October 2018, applications for all regulatory requirements were made. However, we continue to experience delay in obtaining licenses for the current Foreign Investors/ Shareholders to hold the additional shares in the Company”.
A Trinidad and Tobago Stock Exchange website posting, on November 15 states West Indian Tobacco board of directors, fixed November 28 as the effective date on which the share split will be effected and the determination of shareholders who are entitled to have each existing share converted into three shares.
The stock split would result in an increase in the number of ordinary shares from 84,240,000 to 252,720,000 with the price of the stock price being adjusted from the closing price of $104.94 on November 25^th to $34.98 per share effective Tuesday, 26th November.
There was no trading in the shares on Tuesday but the closing bid was $40 to buy 500 units if the stock trades at this price or higher it would be at a 52 weeks’ high the equivalent of $120 well above the previous high of $112, earlier this year and not far from the record high of $127 set in 2016.

Filed Under: Stock Market, TTSE Market Tagged With: Emerging markets, TTSE, West Indian Tobacco

JSE main market rally

November 25, 2019 by IC Insider.com

The Jamaica Stock Exchange main market surged forward on Monday with the All Jamaican Composite Index rising 2,208.01 points to close at 552,699.92, while the JSE Index gained 1,955.43 points to 503,282.40 and the JSE Financial Index inched 0.11 points higher to 136.477
The market closed with 41 securities changing hands in the main and US dollar markets with 12 stocks advancing, 17 declining and 12 stocks trading firm. Main market activity ended with 38 securities accounting for 17,983,605 units valued at $109,287,271, in contrast to 16,239,630 units valued at $138,772,724 on Friday from 35 securities.
Sagicor Select Funds dominated trading with 9.4 million shares for 52 percent of the day’s trade after hitting an intraday low of $1. Wigton Windfarm followed with 4.3 million shares for 24 percent main market volume after moving to an intraday record high of $1.15 and Jamaica Stock Exchange with 1.17 million shares and 6.5 percent. QWI Investments traded at an all-time low of $1.
The market closed with an average of 473,523 units valued at an average of $2,875,981 for each security traded, in contrast to 463,989 units for an average of 3,964,935 on Friday. The average volume and value for the month to date amounts to 644,199 units valued at $9,331,109 and previously, an average of 655,062 units valued at $9,766,801 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 13 stocks ending with bids higher than their last selling prices and 5 with lower offers. The PE ratio of the market ended at 17.9 with the main market ending at 18.8 times 2019 current year’s earnings.
In main market activity, Caribbean Cement jumped $4.96 to close at $80, with 27,200 shares changing hands, Eppley Caribbean Property Fund closed $1.40 lower at $36.60, with the trading of 299 units, Eppley ended at $14.50 after falling $1.40 and swapping 1,535 stock units. Grace Kennedy slid $2 to end at $62, in trading 17,288 shares, Jamaica Broilers gained $2 to close at $40 with an exchange of 33,910 shares, Jamaica Stock Exchange dropped $5.38, settling at $25 after 1,172,512 shares crossed the exchange, JMMB Group rose 99 cents to end at $46.99, with exchanging 616,089 shares. Kingston Wharves closed $1.53 lower to $57.25, with 2,600 units changing hands, Mayberry Investments lost 30 cents in transferring 28,450 shares to settle at $8.20, Mayberry Jamaica Equities closed $1.10 higher at $13.30 trading 207,200 units. 138 Student Living added 42 cents, ending the day at $4.30, transferring 626 shares, PanJam Investment lost 90 cents to close at $101.10 with 537 units trading. Proven Investments added 50 cents to $48, after exchanging 21,603 units, Pulse Investments rose to $4.55 with gains of 55 cents while trading 106,793 shares, Scotia Group tumbled to $52.95 with a fall of $2.05 in transferring 105,340 shares and Seprod closed 38 cents lower to $50.62, with 43,247 units changing hands.
Trading in the US dollar market closed with 31,272,177 units valued at US$9,869,582, with the market index losing 1.70 points to close at 214.18. Proven Investments lost 0.45 US cents to close at 31.15 US cents in the trading 31,265,399 shares, JMMB Group 6% preference share closed at US$1.02 exchanging 1,700 units and Sygnus Credit Investments ended at 14 US cents with 1,778 units changing hands.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley Caribbean Property Fund, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, 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, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Mixed Junior Market trading – Monday

November 25, 2019 by IC Insider.com

Trading activity on the Junior Market on Monday ended with 30 securities changing hands, against 26 26 on Friday but with an exchange of just 1,945,433 units valued at $5,415,942 compared to 5,092,867 units valued at $20,132,259 on Friday.
At the close, the market index declined by 15.14 points to close at 3,313.26, resulting from 17 securities rising and 9 declining while the prices of 3 remained unchanged and the market’s average PE standing at 14.5.
Trading ended with an average of 64,848 units for an average of $180,531 in contrast to 195,880 units for an average of $774,318 on Friday. The average volume and value for the month to date amounts to 121,529 shares at $576,521 and previously 125,267 shares at $602,630, for each security traded. In contrast, October closed with an average of 186,927 units valued at $788,734 for each active security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator with 5 stocks ending with bids higher than their last selling prices and 3 with lower offers.
At the close of the market, AMG Packaging gained 5 cents to close at $2.05, in trading 1,874 stock units, Blue Power closed trading of 1,600 units and gained 10 cents to end at $7.30, Caribbean Flavours rose 70 cents higher to close at $13, with 2,298 stock units changing hands. Caribbean Producers closed with a loss of 5 cents at $4.70, in swapping of 109,552 shares, Consolidated Bakeries exchanged 35,000 units and gained 1 cent to end at $1.80, Elite Diagnostic ended trading with 81,123 shares, after rising 31 cents to $5.30. Investors transferred 252,481 units of Everything Fresh moving the price up by 5 cents to end at $1.10, Express Catering gained 30 cents to end at $6.40, in trading 18,082 shares, Fosrich fell 5 cents with 18,900 units changing hands at $4.75, General Accident climbed 79 cents to end at $8.09, with 19,988 stock units trading. Honey Bun rose 5 cents and exchanged 882 shares at $6.50, iCreate gained 1 cent to end at 62 cents, after trading 281,304 shares, Indies Pharma shed 3 cents with 30,104 units crossing the exchange at $3.36, Iron Rock Insurance lost 3 cents in trading 93,990 units at $3.45. Jamaican Teas lost 3 cents trading 17,750 units at $6.20, Jetcon Corporation closed with a loss of 5 cents at $1.90, in swapping of 20,200 shares, Knutsford Express lost 85 cents in trading 3,643 stocks units to close at $10, Lasco Distributors dropped 49 cents in trading of 6,091 units at $3.40. Lasco Financial closed trading of 322,888 units and gained 35 cents to end at $4.50, Lasco Manufacturing fell 4 cents in trading of 45,901 units at $5.15, Limners and Bards climbed 3 cents and exchanged 63,595 shares at $2.75. Medical Disposables closed trading of 3,000 units and gained 55 cents to end at $8, Main Event climbed 40 cents in exchanging 200 shares at $6.50, Stationery and Office Supplies rose 13 cents to settle at $11.19 with 2,300 shares changing hands. SSL Venture gained 8 cents to close at $1.58, with 373,768 stock units trading and Ttech climbed 1 cent and exchanged 14,936 shares at $5.51.
In the junior market preference segment, CAC 2000 traded 1,763 units and gained 3 cents to end at $1.13.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Best performing stock market, Blue Power, CAC2000, Consolidated Bakeries, Daily Trading, Derrimon Trading, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Seven stocks push TTSE higher – Monday

November 25, 2019 by IC Insider.com

Trinidad & Tobago Stock Exchange Head Quarters

Trading picked upon Trinidad & Tobago Stock Exchange on Monday with investors shaking up several stocks leaving two to close at record highs and three at 52 week’s lows.
Investors exchanged 473,189 shares for $9,463,769, from an exchange of 15 securities against 10 on Friday, when only 88,426 shares changed hands for $2,654,241.
At the close of the market, the prices of 7 stocks rose, 5 declined while 3 remained unchanged, leading the Composite Index to gain 7.47 points to close at 1,421.97. The All T&T Index added 5.20 points to end at 1,782.69, while the Cross Listed Index rose 1.33 points to close at 143.81.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 4 stocks with bids lower than their last selling prices and 4 with lower offers.
Gains| Guardian Holdings added 5 cents and settled at $18.55 with investors exchanging 530 shares, JMMB Group traded 17,541 shares with the price rising 5 cents to close at $2.25. National Enterprises exchanged 133,200 units and rose 16 cents to end at NCB Financial closed at a record high of $11 after gaining 15 cents in trading just 110 units. Sagicor Financial rose 6 cents and closed at a 52 week’s high of $10.75, with investors exchanging 14,213 shares, Scotiabank gained 25 cents and completed trading at $59.75, with 1,474 units and West Indian Tobacco jumped $2.69 and settled at $104.99, with 12,981 stock units changing hands.
Losses| Clico Investment Fund dropped 16 cents and ended at $24.10, with 180,880 units passing through the market, First Caribbean International Bank declined 2 cents to settle at $8.23, after exchanging 100 shares, National Flour ended trading 1,456 stock units for 5 cents less to close at a 52 week’s low of $1.35. One Caribbean Media fell 6 cents and closed at a 52 weeks’ low of $9.90, with 2,001 units crossing the exchange and Trinidad & Tobago NGL lost 50 cents to close at a 52 weeks’ low of $21 with a transfer of 99,298 shares.
Firm Trades| Angostura Holdings completed trading at $16.20, with investors exchanging 200 shares, First Citizens Bank swapped ownership of 470 units at $42 and Massy Holdings ended at $58, with 8,735 stock units trading.

Prices of securities trading are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, National Enterprises, National Flour, NCB Financial Group, One Caribbean Media, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, West Indian Tobacco

5% of Proven shares traded

November 25, 2019 by IC Insider.com

An investor picked up 31,265,399 proven shares in trading on the US market of the Jamaica Stock Exchange today, representing 5 percent of the total issued share capital of the company of 625,307,963 units.
The trades were executed at 31.55 US cents per share and cost US$9,864,233. The trades comprise a block of 21,374,171 shares with amounts in smaller denominations. Proven Investments’ record show Nekia Limited as the owners of the 21.37 million block and the second-largest shareholder.
The purchaser is unknown at the time of going to press, but Barita Investments subsequently announced that they acquired the block of shares that put them as the lead shareholder in the company. The move is consistent with realignments taking place within the dynamic Jamaican financial market.

Filed Under: Breaking News, JSE Combined, Stock Market Tagged With: Emerging markets, Jamaica Stock Exchange, Jamaican stocks, Proven Investments, US Dollar

Greater stability for IC TOP 10

November 25, 2019 by IC Insider.com

NCB Financial is back in IC TOP10

The past week saw the initial public offers for Mailpac Group and Lumber Depot coming to the market with both being fully subscribed.
There were just two changes to the IC TOP 10 list of stocks at the end of the week. NCB Financial makes it back into the TOP 10 at the expense of JMMB Group that rose in price to $46 while the Junior Market TOP 10 welcomed Dolphin Cove while saying goodbye to Fontana.
The top three Junior Market stocks, is now led by CAC 2000 with projected gains of 200 percent, followed by MailPac Group with 180 percent and Main Event, with potential gains of 179 percent.
Radio Jamaica remains the lead stock with projected gains of 170 percent, followed by Pulse Investments in the number two spot with projected growth of 127 and Berger Paints with likely gains of 116 percent and percent is next.
The main market, closed the week with the overall PE of 18.8 and the Junior Market at 13.8, based on the current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 7.8 with the main market PE at 10.4.
The TOP 10 stocks now trade at a discount of 43 percent to the average for Junior Market stocks and main market stocks trade at a discount of 45 percent to the overall market.
IC TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, along with the PE ratio for each company’s current fiscal year are used in determining potential gains with the likely gains ranked in descending order with highest-ranked being the most attractive. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.