Buying of VM Investments & Wisynco eases

January 19, 2018 by

JMMB Group 7.5% preference shares was the most traded stock on the JSE on Friday.

Demand for shares in newly listed Victoria Mutual Investments and Wisynco Group slipped back in trading on the main market of the Jamaica Stock Exchange on Friday to under 1 million units combined and thy fell to 5th and 6th spots in volumes traded.
Market activity ended on Friday with 22 securities changing hands from 29 on Thursday, of which 9 advanced, 11 declined an 5 traded firm leading to Market activity ended with 5,850,045 shares valued at $76,630,033 changing hands.
At the close of the market the JSE All Jamaican Composite Index declined by 26.30 points to 311,724.51 and the JSE Index fell by 23.96 points to 284,016.29.
In main market activity, Cable & Wireless concluded trading 3 cents higher at $1.35, with 717,043 units, Carreras finished 7 cents higher at $11.37, with 89,636 shares,Caribbean Cement settled at $35, with 1,500 shares, Grace Kennedy traded at $43.45, with 3,391 stock units, Jamaica Broilers finished trading with a loss of 2 cents at $17.50, with 230,169 units. Jamaica Producers closed with a loss of $1.50 at $16.50, with 12,700 shares, Jamaica Stock Exchange ended at $7, with 24,145 shares,
JMMB Group concluded trading $1 higher at $26, with 35,219 shares trading, Kingston Properties finished 1 cent higher at $6.01, with 2,444 stock units. Kingston Wharves jumped $3.42 to $33.50, with 1,016 units, Mayberry Investments ended trading 28 cents higher at $6.05, with 51,446 shares, NCB Financial Group traded at $99.80, with 59,009 shares, 1834 Investments finished trading 5 cents higher at $1.20, with 4,504 shares. Radio Jamaica rose 5 cents to close at $1.10, with 5,000 shares, Sagicor Group ended trading with a loss of 50 cents at $35, with 311,149 stock units, Salada Foods traded $1.50 higher at $12.50, with 220 units, Scotia Group finished trading with a loss of $2.99 to close at $50, with 637,638 shares. Seprod closed with a rise of $1.50 to $30, with 6,597 shares, Supreme Ventures concluded trading 25 cents higher at $11.25, with 1,101,640 stock units, VM Investments Limited finished with a loss of 10 cents at $4, with 462,166 units and Wisynco Group settled 15 cents higher at $10.65, with 433,313 shares. In the main market preference segment, JMMB Group 7.5% closed with a loss of 3 cents at $1.15, with 1,660,100 shares.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Main market almost steady – Friday.”

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Main market almost steady – Friday

January 19, 2018 by

Scotia Group dropped $2.99 to $50.

Trading on the Main Market of the Jamaica Stock Exchange ended on Friday with JSE All Jamaican Composite Index declined by 26.30 points to 311,724.51 and the JSE Index declined by 23.96 points to 284,016.29.
Main market activities ended with 11 stocks rising, 6 declining and 5 trading firm as 22 securities traded versus 22 on Thursday. Market activity ended with 5,850,045 shares valued at $76,630,033, in contrast to 4,616,878 shares valued at $176,039,060 on Thursday.
Trading in the US dollar market ended Proven Investments trading 20,256 ordinary shares with a value of US$4,456 at 22 US cents. The JSE US Equities Index closed with a loss of 0.09 points to 168.75.
Trading ended with an average of 265,911 units for an average of $3,483,183 in contrast to 164,889 units for an average of $6,287,109 on Thursday. The average volume and value for the month to date amounts to 256,686 units valued at $6,288,571 and previously 256,118 units valued at $6,475,597. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 5 with lower offers.
The major movers at the close of the market are, Victoria Mutual Investments trading just under the million range, with 462,000 units changing hands and Wisynco Group exchanging 433,000 units, down from the 1 million range that they have been trading at shortly after listing in late December. Supreme Ventures traded 1.1 million units and JMMB Group 7.5% preference share ended with 1,660,100 shares trading.

Price changes saw, JMMB Group adding $1 to close at $26, Jamaica Producers gave back the $1.50 increase made on Thursday to end on Friday at $16.50, Kingston Wharves jumped $3.42 to $34.50, Salada Foods gaining $1.50 to end at $12.50, Scotia Group fell $2.99 to close at $50 and Seprod rose $1.50 back to $30.
For more details of market activities see – Buying of VM Investments & Wisynco eases.

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Gwest corners 76% of Junior Market trades

January 19, 2018 by

Recent Junior Market listing, GWest Corporation dominated trading on Friday with 2.2 million shares and accounting for 76 percent of the overall volume traded for the day, the spice slipped by 20 cents to $2.80 at the close.
The Junior Market Index slipped 0.73 points to 2,697.52, resulting from an exchange of 2,964,625 units valued at $9,024,979 compared to 1,258,859 units valued at $5,181,599 on Thursday.
Market activity ended with 21 securities changing hands versus 18 on Thursday, with gains in the prices of 4 securities, declines in 8 with 9 closing unchanged.
Trading ended with an average of 141,173 units for an average of $429,761 in contrast to 69,937 units for an average of $287,867 on Thursday. For the month to date an average of 111,699 shares valued at $393,882 and previously, an average of 98,998 shares valued at $391,387. December closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ending with the bid higher than the last selling price and 3 with lower offers.
At the close of the market, Access Financial closed with a loss of 1 cent at $42, with 1,000 shares, AMG Packaging ended at $2.55, with 12,775 stock units, CAC 2000 finished with a loss of 70 cents at $7.30, with 4,000 shares trading, Caribbean Cream ended trading 10 cents higher at $5, with 173,000 shares, Caribbean Producers finished trading with a loss of 10 cents at $4.30, with 11,471 units. Consolidated Bakeries closed with a loss of 10 cents at $2.60, with 1,000 shares, Dolphin Cove finished at $16.10, with 7,745 stock units, Eppley settled at $11, with 100 units, Express Catering ended trading with a loss of 30 cents at $4.20, with 2,944 shares. FosRich Group traded 7 cents higher at $2.60, with 316,755 shares, GWest Corporation closed 11 cents higher at $2.81, with 2,261,047 stock units, Honey Bun ended at $4.15, with 12,000 units, Jamaican Teas settled at $4.50, with 15,800 shares. Jetcon Corporation ended trading with a loss of 44 cents at $4.01, with 39,761 stock units, Knutsford Express closed at $15, with 1,108 shares, Lasco Distributors ended with a loss of 14 cents at $3.45, with 16,150 shares, Lasco Financial concluded trading with a loss of 10 cents at $5.25, with 71,609 stock units. Lasco Manufacturing finished 14 cents higher at $3.49, with 7,500 units, Medical Disposables ended trading at $4.95, with 560 shares and tTech ended at $6.38, with 4,300 shares. In the junior market preference segment, Eppley 9.5% finished at $7.20, with 4,000 shares,
Prices of securities trading for the day are those at which the last trade took place.

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Witco recovers $3.99 on Friday

January 19, 2018 by

Trading activity on the Trinidad & Tobago Stock Exchange may be getting a lift with the price of oil on the world market having risen to the $60 region, this seems to be helping the market to exhibit more positive tones since the start of the year.
At close of trading on the market on Friday, 14 securities changed hands against 17 on Thursday, with 6 stocks advancing, 1 declining and 7 remaining unchanged.
At close the Composite Index gained 3.24 points on Friday to end at 1,277.01, the All T&T Index rose 7.63 points to 1,713.52, while Cross Listed Index shed 0.17 points to close at 113.41.
Market activity ended with 674,993 shares with a value of $11,049,643 traded, compared to 295,409 shares with a value of $3,238,095 on Thursday.

West Indian Tobacco jumps $3.99 on friday.

IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ended with bids higher than their last selling prices and 6 with lower offers.
Gains| Clico Investments ended trading with an increase of 1 cent to end at $21.01, trading 7,587 units, First Citizens concluded trading and rose 1 cent close at $32.01, trading 121,850 shares valued $, Grace Kennedy added 15 cents and finished at 52 weeks; high of $3.30, with 27,500 units, Scotiabank increased 2 cents and concluded trading at $60.52, with 5,000 stock units, Trinidad Cement rose 10 cents and finished at $3.85, trading 53,188 shares and West Indian Tobacco recovered $3.99 of the $5 loss on Thursday and ended at $88.99, with 1,110 stock units trading.
Losses| First Caribbean International Bank lost 15 cents and finished at $9.15, trading 9,000 shares valued at $3,900,425.
Firm Traded| Guardian Holdings ended at $17.05, trading 239,592 shares valued at $4,085,309, JMMB Group finished trading at $1.81, with 41,046 stock units changing hands, Massy Holdings concluded at trading at $48, with 435 stock units, NCB Financial Group closed trading at $6.75, exchanging 124,461 shares with a value of $840,111, Republic Financial Holdings finished trading at $101.51, with 3,900 stock units valued at $395,865, Sagicor Financial ended at $7.90, with 14,733 units changing hands and Trinidad & Tobago NGL ended with $26.50, with 25,591 units carrying a value of $678,162 being exchanged.
Prices of securities trading for the day are those at which the last trade took place.

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Main market makes big gains – Thursday

January 19, 2018 by

Wisynco producers of Wata, traded 1.75 million shares on Thursday.

The Main Market of the Jamaica Stock Exchange recovered some lost ground on Thursday with JSE All Jamaican Composite Index jumping 1,681.33 points to 311,750.81 and the JSE Index climbing 1,531.89 points to 284,040.25.
Main market activities ended with 9 stocks rising, 11 declining and 5 trading firm as 22 securities traded versus 22 on Wednesday.
Market activity ended with 4,616,878 shares valued at $176,039,060, in contrast to 3,008,815 shares valued at $51,707,605 on Wednesday.
Trading in the US dollar market ended Proven Investments trading 78,270 ordinary shares with a value of US$17,207 at 22 US cents. The JSE US Equities Index closed with a loss of 0.09 points to 168.66.
Trading ended with an average of 164,889 units for an average of $6,287,109 in contrast to 136,764 units for an average of $2,350,346 on Wednesday. The average volume and value for the month to date amounts to 256,118 units valued at $6,475,597 and previously 263,882 units valued at $6,493,073. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 2 stocks ended with bids higher than their last selling prices and 4 with lower offers.
The major movers at the close of the market are, Victoria Mutual Investments trading just under the million range, with 893,653 units changing hands and Wisynco Group exchanging 1,751,629 units. Price changes saw Berger Paints closing $1.49 higher at $18, Caribbean Cement jumping $2.50 to close at $35, Jamaica Producers closed $1.50 higher at $18, Kingston Wharves settled with a loss of $1.42 at $30.08 and Seprod concluded trading with a loss of $1.50 at $28.50.
For more details of market activities see – Demand rise for VM Investments & Wisynco .

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Demand rise for VM Investments & Wisynco

January 18, 2018 by

VM Investments volume rose on thursday.

Demand for shares in newly listed Victoria Mutual Investments and Wisynco Group rose trading on the main market of the Jamaica Stock Exchange to more than 2.645 million units with the prices of both rise at the close.
Market activity ended on Thursday with 28 securities changing hands up from 22 on Wednesday, of which 9 advanced, 10 declined, 9 traded firm leading to 4,616,878 shares valued at $176,039,060 changing hands.
At the close of the market the JSE All Jamaican Composite Index leapt 1,681.33 points to 311,750.81 and the JSE Index rose 1,220.52 points to 282,508.36.
In main market activity, Barita Investments ended with a loss of 60 cents at $7.90, with 2,466 stock units, Berger Paints closed $1.49 higher at $18, with 19,967 shares, Cable & Wireless concluded trading at $1.32, with 63,275 units, Carreras finished 24 cents higher at $11.30, with 131,538 shares, Caribbean Cement jumped $2.50 to close at $35, with 24,777 shares. Grace Kennedy traded 45 cents higher at $43.45, with 4,152 stock units, Jamaica Broilers finished trading with a loss of 48 cents at $17.52, with 750,362 units, Jamaica Producers closed $1.50 higher at $18, with 21,873 shares, JMMB Group concluded trading with a loss of 11 cents at $25, with 59,672 shares. Kingston Properties finished at $6, with 3,698 stock units, Kingston Wharves settled with a loss of $1.42 at $30.08, with 22,061 units, Mayberry Investments ended trading with a loss of 93 cents at $5.77, with 39,335 shares, NCB Financial Group traded at $99.80, with 38,998 shares. 1834 Investments finished trading with a loss of 12 cents at $1.15, with 55,000 shares, PanJam Investment ended $2.73 higher at $41.25, with 3,225 units, Radio Jamaica settled with a loss of 5 cents at $1.05, with 47,500 shares, Sagicor Group ended trading with a loss of 1 cent at $35.50, with 10,972 stock units, Sagicor Real Estate Fund finished trading at $14, with 23,200 stock units, Salada Foods traded at $11, with 5,000 units, Scotia Group finished trading at $52.99, with 122,416 shares, Seprod concluded trading with a loss of $1.50 at $28.50, with 1,257 stock units, Sterling Investments finished at $13, with 22,451 units. Supreme Ventures settled with a loss of 60 cents at $11, with 311,151 shares, VM Investments Limited ended trading 11 cents higher at $4.10, with 893,653 shares, Wisynco Group traded 50 cents higher at $10.50, with 1,751,629 shares and In the main market preference segment, Jamaica Public Service finished at $1,302, with 93,000 shares, Jamaica Money Market traded 93,150 stock units 20 cents higher at $ and JMMB Group closed with a loss of 1 cent at $1.18, trading 1,100 shares.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Main market make big gains – Thursday.”

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Elite interim figures lack credibility

January 18, 2018 by

Elite Diagnostics interim figures are wrong and need auditing.

Elite Diagnostic issued an addendum to the prospectus for the public issue of shares. They should withdraw the issue, until they have the interim figures audited and fixed. For even after they amended them to correct for errors, $15 million is still unaccounted for.
The interim results, initially included in the prospectus and in the addendum to them, send a shocking picture of the amateurish approach to the company’s financial stewardship.
The company reported first quarter numbers without the significant cost of depreciation, which when included, reduced the profit by approximately 40 percent. To compound the matter, the figures are presented in cents which is shown is no other place in the prospectus, no experienced accountant would provide public results with cents included. The presentation tells a sorry story as to the errors that are in the report and are still there.
In a report of a missing $11 million, IC Insider.com pointed out the error re depreciation and fixed assets. In the addendum, fixed assets are up by $3 million but the figure is still short of what the data in the report suggests it to  be.
At the end of June last year, fixed assets amounted to $187 million, with the cash flow to September showing $74 million being added and would bring the total amount to $262 million, before depreciation of $9 million for the first quarter and would result in net fixed assets of $253 million. The interim results have the figure at $238 million, a huge difference of $15 million.
Deferred tax liability of $9.5 million reported in the June year end audited report disappears in the interim figures and may actually be a part of the error in the report. Without a proper checking of the data along with documentations of large transaction is difficult to say where the error may be and that is why the figures should audited at this stage to ensure integrity of the numbers.

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Junior Market slide continues

January 18, 2018 by

The Junior Market Index fell for the 5th straight days, at the close of trading on Tuesday, slipping just 4.35 points to at 2,698.25, in another moderate trading session, resulting from an exchange of 1,258,859 units valued at $5,181,599 compared to 1,730,062 units valued at $6,203,084 on Wednesday.
Market activity ended with 18 securities changing hands versus 24 on Tuesday, with gains in the prices of 6 securities, declines in 6 with 6 closing unchanged.
Trading ended with an average of 69,937 units for an average of $287,867 in contrast to 72,086 units for an average of $258,462 on Wednesday. For the month to date an average of 98,998 shares valued at $391,387 and previously, an average of 100,840 shares valued at $397,948. December closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 1 stock ending with the bid higher than the last selling price and 8 with lower offers.
At the close of the market, AMG Packaging ended at $2.55, with 6,500 stock units, Caribbean Cream ended trading with a loss of 10 cents at $4.90, with 11,200 shares, Caribbean Producers finished trading 10 cents higher at $4.40, with 164,139 units, Dolphin Cove finished with a loss of 95 cents at $16.10, with 3,655 stock units, Express Catering ended trading at $4.50, with 11,214 shares. FosRich Group traded 3 cents higher at $2.53, with 459,191 shares, GWest Corporation closed with a loss of 12 cents at $2.70, with 31,941 stock units, Honey Bun ended 1 cent higher at $4.15, with 23,000 units, Jamaican Teas settled at $4.50, with 1,053 shares. Jetcon Corporation ended trading with a loss of 50 cents at $4.45, with 4,000 stock units, Knutsford Express closed at $15, with 32,250 shares, Lasco Distributors ended 9 cents higher at $3.59, with 194,658 shares, Lasco Financial concluded trading 26 cents higher at $5.35, with 67,155 stock units. Lasco Manufacturing finished with a loss of 5 cents at $3.35, with 13,808 units, Main Event settled 60 cents higher at $6, with 170,296 shares, Paramount Trading ended with a loss of 49 cents at $3, trading 17,000 shares and Stationery and Office finished trading at $4.80, with 47,649 stock units. In the junior market preference segment, Eppley 8.24% ended at $5.45, with 150 stock units, trading.
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: , , , , , , , , , , , , , , , , , , , , , ,

Witco drops $5 to new 5 years low

January 18, 2018 by

West Indian Tobacco hits 52 weeks’ low on Thursday.

At close of trading on the Trinidad & Tobago Stock Exchange on Thursday, West Indian Tobacco suffered a big fall of $5 and ended at a 5 years’ low of $85, as the price continues to adjust to lower profits for 2017.
The fall in the price of Witco, plus 4 others helped to push the two main indices down at the close of trading, leading to the Composite Index in shedding 4.05 points to 1,273.77. The All T&T Index fell 8.24 points to 1,705.89, while Cross Listed Index gained 0.03 points to close at 113.58.

Unilever Caribbean added $1 to close at $29.

A total of 17 securities traded the market on Thursday against 11 on Wednesday, with 3 advancing, 5 declining and 9 remaining unchanged.
Market activity ended with 295,409 shares with a value of $3,238,095 traded, compared to 138,336 shares with a value of $1,844,415 on Wednesday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 4 with lower offers.
Gains| Guardian Holdings finished trading 51,527 shares valued at $878,575 and gained 4 cents in closing at $17.05, JMMB Group finished trading after an increase by 1 cent at $1.81, with 169,190 stock units valued at $306,371 changing hands and Unilever Caribbean climbed $1 to $29, trading just 93 shares.
Losses| National Flour shed 1 cent and finished at $1.98, trading 740 shares, Prestige Holdings finished trading 20 cents lower and ended trading at a 52 weeks’ low of $10.50, trading 2,196 shares, Sagicor Financial lost 10 cents and close at $7.9, with 100 units, Trinidad & Tobago NGL ended trading 2 cents lower and ended with $26.5, with 49,652 units and West Indian Tobacco dropped $5 and ended at a 52 weeks’ low of $85, with 734 stock units trading.
Firm Traded| Ansa Merchant ended at $40, trading 50 shares, First Caribbean International Bank finished at $9.3, trading 1,290 shares, First Citizens close at $32, trading 1,554 shares, Massy concluded trading at $48, with 3,305 stock units, NCB Financial Group close at $6.75, trading 10,000 shares. Point Lisas finished with $3.8, with 150 units, Republic Financial Holdings finished at $101.51, with 2,400 stock units, Scotiabank concluded at $60.50, with 1,828 stock units and Trinidad Cement finished at $3.75, trading 600 shares.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , ,

Volume climbs for VM Investments and Wisynco

January 17, 2018 by

Victoria Mutual Investments and Wisynco Group dominated trading with nearly 1 million shares trading for each company on the main market of the Jamaica Stock Exchange as investor cnt seem to get enough of these companies.
Market activity ended on Wednesday with 22 securities changing hands, of which 9 advanced, 8 declined, 5 traded firm leading to 3,008,815 shares valued at $51,707,605 changing hands.
At the close of the market the JSE All Jamaican Composite Index fell 1,339.60 points to 310,069.48 and the JSE Index lost 1,220.52 points to 282,508.36.
In main market activity, Berger Paints closed at $16.51, with 100 shares, Cable & Wireless concluded trading at $1.32, with 190,904 units, Carreras finished 1 cent higher at $11.06, with 102,578 shares, Caribbean Cement settled with a loss of 1 cent at $32.50, with 1,255 shares, Ciboney Group ended trading with a loss of 1 cent at 34 cents, with 1,200 shares. Grace Kennedy traded with a loss of 36 cents at $43, with 36,813 stock units, Jamaica Broilers finished trading 50 cents higher at $18, with 40,566 units, Jamaica Producers closed at $16.50, with 7,650 shares, Jamaica Stock Exchange ended 5 cents higher at $7, with 21,400 shares. JMMB Group concluded trading 38 cents higher at $25.11, with 35,034 shares, Kingston Properties finished at $6, with 5,694 stock units, NCB Financial Group traded 23 cents higher at $99.80, with 69,739 shares, 1834 Investments finished trading at $1.27, with 496 shares. PanJam Investment ended with a loss of 62 cents at $38.52, with 17,275 units, Radio Jamaica settled 5 cents higher at $1.10, with 20,500 shares, Sagicor Group ended trading 50 cents higher at $36.50, with 65,692 stock units, Scotia Group finished trading $2.75 higher at $52.99, with 438,944 shares. Seprod closed $1 higher at $30, with 8,476 shares, Supreme Ventures concluded trading 11 cents higher at $11.60, with 74,120 stock units, VM Investments Limited finished with a loss of 6 cents at $3.99, with 864,709 units, Wisynco Group settled with a loss of 10 cents at $10, with 981,918 shares and Sagicor Real Estate Fund ended trading with a loss of 25 cents at $14, with 23,752 shares.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see Main market lost more ground – Wednesday.

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