Jetcon grabs 82% of Wednesday’s trade

Jetcon was the leading trade on Wednesday with more than 3M units.

Trading on the Junior Market slipped back on Wednesday to 3,694,880 units valued at $16,175,190 trading, with Jetcon Corporation accounted for 81.7 percent of the volume traded amounting to 3 million units.
Trading levels dropped back from 21,381,750 units valued at $231,190,214 changing hands on Tuesday, dominated by trading in Knutsford Express with 19.4 million units.
A total of 20 securities traded, down from 24 on Tuesday, while the market Index jumped 42.79 points to 2,945.55 as the prices of 9 securities advanced, 5 declined and 6 remained unchanged.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than their last selling prices and 9 with lower offers.
Market activity ended with an average of 184,744 units for an average of $808,760 in contrast to 890,906 units for an average of $9,632,926 on Tuesday. The average volume and value for the month to date amounts to 222,712 units with an average value of $1,322,452 and previously 224,366 units with an average value of $1,343,731. April closed with an average of 121,622 units at $506,803, for each security traded.
At the close of the market, Caribbean Cream ended trading 95 cents higher at $5.75, with 5,285 shares, Caribbean Producers finished trading with a loss of 30 cents at $4.95, with 10,000 units, Elite Diagnostic settled at $3.15, with 16,229 units, Eppley ended trading at $10.18, with 855 shares, Express Catering traded 283,974 shares with a rise of 13 cents to $6.03. FosRich Group rose 10 cents to end at $2.50, with 31,830 shares, GWest Corporation ended 2 cents higher at $2.12, with 9,000 units, Jamaican Teas ended trading at $4.60, with 290 stock units, Jetcon Corporation traded at $4, with 3,019,395 units. Knutsford Express ended at $12.50 after gaining $1 trading 34,769 shares, Lasco Distributors concluded trading with a rise of 10 cents at $4.10, exchanging 12,000 stock units, Lasco Financial finished with a loss of 20 cents at $5.20, with 4,659 units, Lasco Manufacturing settled 20 cents higher at $4.20, with 10,450 shares. Main Event rose 40 cents to $7.70, with 21,539 shares, Paramount Trading finished trading with a loss of 12 cents at $2.88, in exchnaging 5,000 stock units, Stationery and Office closed 2 cents higher at $8.12, with 25,797 units and tTech concluded trading with a loss of 15 cents at $6.10, after 100 shares changed hands. In the Junior Market preference segment, Eppley 8.25% concluded trading at $6, with 162,933 units trading, Eppley 8.75% settled at $6, with 32,500 shares and Eppley 9.5% finished with a loss of 1 cent at $6, trading 8,275 shares.
Prices of securities trading for the day are those at which the last trade took place.

Knutsford Express trades 19M shares on Tuesday

Jamaica cross country luxury bus operators, Knutsford Express traded 19.44 million shares on the Junior Market as the NCB Financial Group continues to reduce their holdings in the company and booking some hefty profits in the process.
At the close of trading, the stock price of Knutsford’s share fell to a 52 weeks’ low of $11.50 as 21,381,750 units valued at $231,190,214 traded, up from a mere 776,551 units valued at $3,574,246 changing hands on Monday.
A total of 24 securities traded, down from 21 on Monday, with market Index declined by 24.38 points to close at 2,902.76 as the prices of 8 securities advanced, 10 declined and 6 remained unchanged.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than their last selling prices and 8 with lower offers.
Market activity ended with an average of 890,906 units for an average of $9,632,926 in contrast to 36,979 units for an average of $170,202 on Monday. The average volume and value for the month to date amounts to 224,366 units with an average value of $1,343,731 and previously 187,592 units with an average value of $886,396. April closed with an average of 121,622 units at $506,803, for each security traded.
At the close of the market, AMG Packaging ended at $2, with 738,353 stock units, Blue Power concluded trading at $37, with 10,027 units, Cargo Handlers settled with a loss of 33 cents at $10, with 7,801 shares, Caribbean Flavours traded 30 cents higher at $10, with 3,000 stock units, Caribbean Producers traded 13 cents higher at $5.25, with 575,781 units changing hands. Consolidated Bakeries closed with a loss of 4 cents at $1.90, with 1,000 shares, Elite Diagnostic settled 2 cents higher at $3.15, with 86,062 units, Eppley ended trading at $10.18, with 363 shares, Express Catering traded with a loss of 5 cents at $5.90, exchanging 44,946 shares. FosRich Group finished trading at $2.40, with 82,897 shares, GWest Corporation fell 1 cent to $2.10, trading 34,709 units, Honey Bun concluded trading 30 cents higher at $4.80, with 106,100 shares, Jamaican Teas ended trading 20 cents higher at $4.60, with 31,581 stock units. Jetcon Corporation traded with a loss of 6 cents at $4, while 34,435 units changed hands, KLE Group closed with a loss of 35 cents at $2.50, trading 13,000 shares, Knutsford Express ended with a loss of 99 cents at a 52 weeks’ low of $11.50, with 19,440,611 shares changing hands, Lasco Distributors concluded trading 10 cents higher at $4, with 56,281 stock units. Lasco Financial finished 40 cents higher at $5.40, with 4,985 units, Lasco Manufacturing settled at $4, with 17,000 shares, Main Event ended trading with a loss of 30 cents at $7.30, as 6,277 shares were exchanged, Stationery and Office closed with a loss of 29 cents at $8.10, with 76,232 units and tTech concluded trading with a loss of 25 cents at $6.25, exchanging 3,967 shares. In the Junior Market preference segment, Eppley 8.25% concluded trading at $6, with 3,400 units, Eppley 9.5% finished 1 cent higher at $6.01, with 2,942 shares, changed hands.
Prices of securities trading for the day are those at which the last trade took place. 

Drop in TTSE trading – Tuesday

The Trinidad & Tobago Stock Exchange closed on Tuesday with only 117,323 shares valued at $1,121,005 compared to Monday’s trading with 377,827 shares trading valued at $3,010,056.
Market activity, ended with 12 securities changing hands against 11 on Monday leading to 1 advancing, 1 declining and 10 remaining unchanged. The Composite Index rose 0.20 points to 1,247.10, the All T&T Index added 0.34 points to 1,728.54, while the Cross Listed Index rose 0.01 points to close at 102.99.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 3 stocks ending with higher bids than the last selling prices and 5 with lower offers.
Gains| Trinidad Cement, the sole winner on Tuesday concluded trading with a loss of 5 cents and settled at $3.05 after exchanging 2,600 shares.
Losses| The price of West Indian Tobacco shares fell 10 cents and to $88.40, with 27 stock units changing hands.
Firm Trades| At the close of trading on Tuesday, Clico Investments completed trading at $20.15, with 457 units, First Citizens concluded activity at $35, after exchanging 4,525 shares, Guardian Holdings settled at $17.18, after exchanging 2,742 shares, JMMB Group ended at $1.90, with 4,635 stock units changing hands, Massy Holdings closed at $47.50, with 310 stock units traded, National Flour settled at $1.80, after exchanging 100 shares, NCB Financial Group ended at $5.50, after exchanging 3,631 shares, Sagicor Financial completed trading at $8, with 96,830 units, Scotiabank settled at $64.25, after exchanging 1,000 shares and Trinidad & Tobago NGL completed trading at $29.05, with 466 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Junior Market in modest gain – Monday

Trading levels on the Junior Market fell sharply from Friday’s 6,308,783 units valued at $25,012,631, to just 776,551 units valued at a mere $3,574,246 on Monday.
A total of 21 securities traded, down from 22 on Friday, with market Index rising 12.53 points to close at 2,927.14 as the prices of 7 securities advanced, 9 declined and 5 remained unchanged.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than their last selling prices and 8 with lower offers.
Market activity ended with an average of 36,979 units for an average of $170,202 in contrast to 286,763 units for an average of $1,136,938 on Friday. The average volume and value for the month to date amounts to 187,592 units with an average value of $886,396 and previously 195,232 units with an average value of $922,724. April closed with an average of 121,622 units at $506,803, for each security traded.
At the close of the market, AMG Packaging ended at $2, with 30,700 stock units, Cargo Handlers settled for a 63 cents rise to $10.33, with 4,012 shares, Caribbean Producers finished trading with a loss of 4 cents at $5.12, with 3,880 units, Consolidated Bakeries gained14 cents to closed $1.94, with 63,353 shares, Derrimon Trading concluded trading at $9, with 10,000 shares. Elite Diagnostic settled with a loss of 7 cents at $3.13, with 50,000 units, Express Catering traded at $5.95, with 29,879 shares changing hands, FosRich Group finished trading at $2.40, with 10,556 shares, GWest Corporation ended 1 cent higher at $2.11, with 25,031 units. Honey Bun concluded trading with a loss of 11 cents at $4.50, with 66,900 shares, Jetcon Corporation traded with a loss of 4 cents at $4.06, with 183,176 units, Knutsford Express ended 49 cents higher at $12.49, with 741 shares, Lasco Distributors concluded trading with a loss of 14 cents at $3.90, with 17,497 stock units. Lasco Financial finished with a loss of 20 cents at $5, with 91,733 units, Lasco Manufacturing settled with a loss of 20 cents at $4, with 16,873 shares, Main Event ended trading 60 cents higher at $7.60, with 67,788 shares, Medical Disposables traded with a loss of 10 cents at $4.50, with 29,378 shares. Paramount Trading finished trading 24 cents higher at $3, with 15,166 stock units, Stationery and Office closed 11 cents lower to $8.39, with 48,983 units and tTech gained 50 cents to close at $6.50, with 5,905 shares. In the junior market preference segment, Eppley 8.25% concluded trading at $6, as 5,000 units changed hands.
Prices of securities trading for the day are those at which the last trade took place. 

JSE recovers some losses – Monday

The Jamaica Stock Exchange recovered some of the grounds lost on Friday but the gains in the indices still was short of the more than 2,000 points fall on Friday.
Monday’s gains still left the market well short of last weeks’ high of 327,520.83 points that the market started off at on opening, for the All Jamaica Index.
At the close of market activity, advancing stocks had the upper hand over declining stocks with 12 rising, 9 declining and 8 traded firm.
At the close, the All Jamaican Composite Index jumped 1,975.96 points to close at 325,401.15 and the JSE Index climbed 1,800.32 points to close at 296,477.22. Market activities resulted in 29 securities trading, compared to 28 on Friday, in the main and US dollar markets.
The market closed with reduced trading levels, as 2,736,291 units valued at over $44,287,155 trading down from 7,330,113 units valued at $68,164,850 changing hands on Friday. On Monday, Victoria Mutual Investments accounted for just over 50 percent of the volume traded amounting to 1,373,388 units followed by Kingston Wharves with 329,678 units or 12.05 percent of the day’s trade.
Stocks with major price changes are, Kingston Wharves falling $1 to $46 and Salada Foods declining $1 to $14.
Trading resulted in an average of 97,725 units valued at an average of $1,581,684 compared to 281,927 units valued at $2,621,725 for each security traded on Friday. The average for the month to date is 321,872 shares with a value of $11,460,634, previously 335,057 shares with a value of $12,075,324. In contrast, April closed with an average of 708,206 shares with a value of $6,395,518 for each security traded.
In the US dollar market, Productivity Business Solution, ordinary share finished trading with a rise of 4 cents, to 62 US cents, with 601 units trading. The JSE USD Equities Index closed unchanged at 172.24.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and just 6 closing with lower offers.
For more details of market activities see – Trading drops for JSE main market – Monday.

Trading drops for JSE main market – Monday

Trading on the JSE main market ended with the overall volume and value falling below normal levels on Monday as 2,736,291 units valued at over $44,287,155 changed hands.
At the close, the All Jamaican Composite Index jumped 1,975.96 points to close at 325,401.15 and the JSE Index shot up 1,800.32 points to close at 296,477.22 as 28 securities changed hands, resulting in 12 advancing, 9 declining and 7 remaining firm.
In market activity, Barita Investments fell 55 cents and closed at $11.54, with 15,100 shares, Berger Paints ended at $20, with 22,128 stock units trading, Carreras fell 10 cents and concluded trading at $10.45, with 127,792 units, Caribbean Cement finished at $38, exchanging 307 shares, Ciboney Group rose 1 cent and settled at 13 cents, with 45,893 shares. Grace Kennedy ended trading at $48.60 after rising 10 cents, with 10,193 shares, Jamaica Broilers rose 25 cents in closing at $20.25, with 51,343 stock units, Jamaica Producers fell 45 cents to finish trading at $16.25, with 1,000 units, Jamaica Stock Exchange closed with a loss of 40 cents to $7.10, in trading 700 shares. JMMB Group rose 5 cents to end at $27.05, with 38,277 shares, Kingston Wharves dropped $1 and finished at $46, with 329,678 stock units trading, Mayberry Investments settled at $6.25, after rising 25 cents with 29,780 units trading, NCB Financial Group shed 19 cents and ended trading at $94.80, with 81,775 shares. 138 Student Living settled at $5.09, after slipping 1 cents with 10,000 units, PanJam Investment added 50 cents to trade at $45, with 55,613 shares, Portland JSX closed at $10, with 4,524 stock units, Radio Jamaica rose 29 cents and concluded trading at $1.29, with 22,024 shares, Sagicor Group finished 35 cents higher at $36.50, trading 70,113 shares, Salada Foods lost $1 in settling at $14, with 10,000 shares changing hands. Scotia Group ended trading at $50.63, with 4,964 stock units, Seprod ended trading at $35, with 77,744 units, Supreme Ventures rose 40 cents and closed at $13, with 44,500 shares, Victoria Mutual Investments lost 5 cents and ended at $4, with 1,373,388 shares and Wisynco Group rose 30 cents and concluded trading at $10, with 159,255 stock units changing hands. In the main market preference segment, Jamaica Money Market 7.5% traded at $2, with 500 stock units, JMMB Group 7% closed at $2.01, with 124,800 shares, JMMB Group 7.25% issued in 2019 ended at $2.05, with 24,800 shares and the older dated JMMB Group 7.25% concluded trading at $1.50, with 100 shares, changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE recovers some losses – Monday.”

All 3 TTSE indices rise – Monday

The Trinidad & Tobago Stock Exchange closed on Monday with 377,827 shares trading valued at $3,010,056, compared to 671,355 shares on Friday valued at $5,503,531.
Market activity, ended with 11 securities changing hands against 13 on Wednesday leading to 2 advancing, 2 declining and 7 remaining unchanged. The Composite Index rose 2.54 points to 1,246.90, the All T&T Index added 0.05 points to 1,728.20, while the Cross Listed Index rose 0.70 points to close at 102.98.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 4 stocks ending with higher bids than the last selling prices and 4 with lower offers.
Gains| JMMB Group concluded trading 15 cents and settled at $1.90, with 117,000 stock units changing hands and Trinidad & Tobago NGL added 4 cents and concluded trading at $29.05, with 5,390 units trading.
Losses| Guardian Holdings shares fell 2 cents and ended at $17.18, after exchanging 580 shares and One Caribbean Media closed with a loss of 5 cents and settled at a 52 weeks’ low of $12.35, with 3,780 stock units changing hands.
Firm Traded| Clico Investments concluded trading at $20.15, with 34,354 units, First Caribbean International Bank ended at $8.85, after exchanging 141,310 shares, First Citizens completed trading at $35, after exchanging 70 shares, Massy Holdings settled at $47.50, with 1,517 stock units changing hands, National Enterprises ended at $9.65, with 1,353 units, Sagicor Financial concluded trading at $8, with 65,574 units and Trinidad Cement ended at $3, after exchanging 6,899 shares.
Prices of securities trading for the day are those at which the last trade took place.

Palace & Lasco Financial back in TOP 10

Palace Amusement, Lasco Financial and Caribbean Flavours are back in the TOP 10 for this week, out goes Salada Foods, ForsRich and Caribbean Producers.
Salada Foods rose to $15 from $13.10 at the close of the previous week, as investors continued to react good half year results. Caribbean Flavours stock price dropped to $10 by the end of the week and that was enough to make its return to the top list. Lasco Financial just reentered the list as the price fell to $.20 by week end. IC Insider.com upgraded 2019 earnings for Palace based on sensitivity that the company’s patronage and revenues have to employment data. Economic growth and increasing employment that Jamaica is enjoying bode well for continuation of an elevated level of profitability, even after totally discounting the exceptional increase for the current year that ends in June, based substantially on the success of the Black Panther movie.
Radio Jamaica, stock price fell from $1.35 to $1.02 on Friday with the stock moving back up in the list.
At the close of Friday, the average PE ratio for Junior Market Top stocks ended at 6 compared to an average PE for the overall main market of 10, based on 2018 estimated earnings. The main market PE is 7 for the top stocks, compared to a market average of 13.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 40 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 46 percent to the market.

Big JSE main market fall – Friday

Media house, RJR traded most shares on friday

The Jamaica Stock Exchange dropped sharply on Friday as declining stocks outpaced advancing ones by a wide margin as just 5 stocks rose, 15 declined and 8 traded firm.
At the close, the All Jamaican Composite Index dropped 2,231.98 points to close at 323,425.19 and the JSE Index dived 2,033.58 points to close at 294,676.90. Market activities resulted in 28 securities trading, compared to 27 on Thursday, in the main and US dollar markets.
The market closed with reduced trading levels, as 7,330,113 units valued at $68,164,850 changed hands, well down from 28,791,979 units valued at $527,232,319 that traded on Thursday. The largest trades were Radio Jamaica with 2,329,526 shares for 31.8 percent of volume traded, 1834 Investments trading 2,253,420 shares accounting for 30.7 percent of the volume traded and Jamaica Broilers with 802,930 units.
Stocks with major price changes are, Grace Kennedy ended trading at $48.50, gaining 75 cents, Jamaica Broilers rose 74 cents to $20, Kingston Wharves fell $1.70 to $47, Sagicor Real Estate Fund settled with a loss of 85 cents at $13.90 and Scotia Group added $1.38 to close at $50.63.
Trading resulted in an average of 281,927 units valued at $2,621,725 compared to 1,107,384 units valued at an average of $20,278,166 for each security traded on Thursday. The average for the month to date is 335,057 shares with a value of $12,075,324, previously 338,126 shares with a value of $12,655,026. In contrast, April closed with an average of 708,206 shares with a value of $6,395,518 for each security traded.
In the US dollar market, JMMB Group, 5.75% US preference share finished trading with a loss of 6 cents to US$2, with 1,000 units. The JSE USD Equities Index fell 0.98 points to close at 172.24.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and just 2 closing with lower offers.
For more details of market activities see – More normality for JSE main market – Friday.

More normality for JSE main market – Friday

The JSE main market activity returned to more normal levels on Friday with 7,330,113 units valued at $68,164,850 changed hands, down from 28,791,979 units valued at $527,232,319 trading on Thursday.
At the close, the All Jamaican Composite Index dropped 2,231.98 points to close at 323,425.19 and the JSE Index dived 2,033.58 points to close at 294,676.90 as 26 securities changed hands, resulting in 5 advancing, 14 declining and 7 remaining firm.
In market activity Barita Investments fell 11 cents and closed at $12.09, with 207,825 shares, changing hands, Berger Paints shed 50 cents and ended at $20, with 3,015 stock units, Carreras lost 5 cents and concluded trading at $10.55, with 177,994 units, Caribbean Cement finished 50 cents higher at $38, with 18,005 shares, Grace Kennedy climbed 75 cents to $48.50 with 18,357 shares changing hands. Jamaica Broilers rose 74 cents to end at $20 trading 802,930 stock units, Jamaica Producers added 14 cents and finished trading at $16.70, with 105,932 units, Jamaica Stock Exchange closed at $7.50, with 45,050 shares traded, JMMB Group lost 50 cents to end at $27, with 68,700 shares changing hands. Kingston Properties concluded trading at $6.64, with 2,172 shares, Kingston Wharves fell $1.70 and finished at $47, with 3,250 stock units, Mayberry Investments settled 1 cents down at $6, with 104,485 units trading, NCB Financial Group ended trading 1 cents lower at $94.99, with 157,533 shares. 1834 Investments traded at $1.08, with 2,253,420 shares, PanJam Investment closed at $44.50, with a loss of 70 cents trading 79,749 stock units, Pulse Investments concluded trading at $1.78, with 27,348 shares, Radio Jamaica fell 31 cents to $1, with 2,329,526 shares. Sagicor Group settled with a fall of 35 cents at $36.15, with 68,110 shares, Sagicor Real Estate Fund lost 85 cents to end at $13.90, exchanging 27,665 shares, Scotia Group added $1.38 to close at $50.63, in trading 197,361 units, Seprod finished trading at $35, with 3,348 shares, Supreme Ventures ended at $12.60, with 119,389 shares. Victoria Mutual Investments shed by 5 cents and concluded trading at $4.05, with 281,461 stock units traded Wisynco Group finished 10 cents lower at $9.70, with 227,149 units changing hands.
In the main market preference segment, Jamaica Money Market 7.5% traded at $2, with 139 stock units, JMMB Group 7% finished trading at $2, with 1,000 units and JMMB Group 7.25% closed at $2, after 200 shares changed hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Big JSE main market fall – Friday.”