
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.
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.
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.
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.
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.
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.
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.
April closed with an average of 121,622 units at $506,803, for each security traded.
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.
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.
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.
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.
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.
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.
Palace Amusement, Lasco Financial and Caribbean Flavours are back in the TOP 10 for this week, out goes Salada Foods, ForsRich and Caribbean Producers.
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.
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.
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.
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.
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.