Trading picks up on JSE Main Market

Wisynco producers of Wata, traded 3 million shares on Wednesday.

The Jamaica Stock Exchange All Jamaican Composite Index declined by 180.58 points to close at 316,958.10 on Wednesday and the JSE Index slipped 164.53 points to 288,784.67 from a pickup in market activity, with 29 securities changing hands versus 26 on Tuesday.
Cable & Wireless trading 2.1 million units, recently listed, Victoria Mutual Investments, closed trading with 1.9 million shares with the price rising to a new closing high of $4.40 for a gain of 40 cents and recent listed Wisynco traded 3 million shares and closed at $12.
Trading on the Main Market ended with 12 securities advancing, 10 declining and 7 traded firm with 9,357,015 units valued at $91,768,857 changing hands, compared to 11,226,286 units valued at $102,330,476 on Tuesday.
Trading ended with an average of 322,656 units for an average of $3,164,443 in contrast to 431,780 units for an average of $3,935,788 on Tuesday. The average volume and value for the month to date amounts to 374,242 units valued at $ 3,529,079. 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 7 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Trading in the US dollar market ended with Productivity Business closing at 57 cents with 2,541 stock units changing hands and Proven Investments exchanged  3,070,230 units at 21 cents with the total value of of all shares traded amounting to US$705,914. The JSE USD Equities Index rose 8.87 points to end at 175.04.
The major movers at the close of the market are, Berger Paints jumped $1 to $18, JMMB Group surged $3 to $27, Mayberry lost $1 to $5, Pan Jam Investment fell $1.50 to $43.50, Salada Foods jumped by $1 to a new high of $13, Scotia Group dropped $1.90 to $51.10 and Supreme Ventures ended with a gain of $1.58 at $11.59.

For more details of market activities see – “JSE Main Market chills.”

JSE Main Market chills – Wednesday

True Juice orange juice bottled by Wisynco that traded more than 3.785M units on Wednesday.

Trading on the Main Market ended with 29 securities changing hands resulted in 12 advancing, 10 declining and 7 traded firm with 9,357,015 units valued at $91,768,857 changing hands.
Trading ended with the All Jamaican Composite declined by 180.58 points to close at 316,958.10 on Wednesday and the JSE Index slipped 164.53 points to 288,784.67.
In the main market activity, Barita Investments endded trading 44 cents higher at $7.94, with 6,085 units changing hands, Berger Paints climbed $1 to $18, trading 326,949 shares, Cable & Wireless settled with a loss of 1 cent at $1.39, with 2,140,830 shares, Caribbean Cement ended trading with a loss of 53 cents at $31.47, with 20,428 stock units. Carreras traded at $11.45, with 328,145 units, Ciboney Group finished trading at 37 cents, with 516 shares, Grace Kennedy closed at $43.50, with 82,650 shares, Jamaica Broilers ended with a loss of 59 cents at $17.21, with 3,555 stock units. Jamaica Producers concluded trading 5 cents higher at $16.55, with 6,000 units, Jamaica Stock Exchange finished with a loss of 5 cents at $7, with 88,166 shares, JMMB Group jumped $3 t0 $27, with 18,530 shares trading, Kingston Wharves traded 50 cents higher at $33, with 476 units. Mayberry Investments finished trading with a loss of $1 at $5, with 26,370 shares, NCB Financial Group closed at $99, with 13,121 shares, 1834 Investments ended at $1.30, with 20,000 stock units, PanJam Investment concluded trading with a loss of $1.50 to close at $43.50, with 378,000 units, Portland JSX finished with a loss of 5 cents at $9.95, with 2,000 shares. Pulse Investments settled 59 cents higher at $2.39, with 6,500 shares, Radio Jamaica ended trading 8 cents higher at $1.10, with 100,000 stock units, Sagicor Group traded with a loss of 30 cents at $35, with 4,100 units, Sagicor Real Estate Fund finished trading 50 cents higher at $14.50, with 595 shares. Salada Foods closed $1.50 higher at 52 weeks’ high of $13, with 1,000 shares, Scotia Group ended with a loss of $1.90 at $51.10, with 26,000 stock units, Seprod concluded trading at $31, with 10,600 units, Supreme Ventures settled $1.58 higher at $11.59, with 7,304 shares. VM Investments Limited ended trading 40 cents higher at $4.40, with 1,911,097 stock units and Wisynco Group traded with a loss of 50 cents at $12, with 3,785,911 units. In the main market preference segment, Jamaica Money Market Brokers 7.5% traded 27,300 units at $1.90 and JMMB Group 7.5% traded 14,787 units at $1.16.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Trading picks up on JSE Main Market.”

Mayberry restructuring

Mayberry to spin off 10 % of its subsidiary to shareholders.

Dogged by a share price that is bogged down mostly below $5, with a net asset value of $6.54, Mayberry’s directors are recommending distributing a portion of Mayberry West Indies Limited (MWIL), a wholly-owned subsidiary in the form of dividend to Mayberry Investments‘ shareholders.
MWIL is to list on the Jamaica Stock Exchange before the end of the first quarter of 2018 as a result of the move.
Arising from a Board meeting of the Company, on December 29, 2017, a dividend in specie equal to 10% of the Net Book value of its MWIL was declared. This dividend will be effected by the Company transferring, pro rata among its stockholders, shares in MWIL held by the Company and constituting 10% of MWIL’s issued share capital. The record date will be February 16, and shall be effected by transfer of the relevant MWIL shares on February 28 to stockholders. The Ex-dividend date will be February 15.
Based on MWIL’s book value as at November 30, 2017, the dividend in specie is equivalent to approximately $688 million, the Mayberry release said. Mayberry West Indies Limited name is to be changed to “Mayberry Jamaican Equities Limited”.
The Jamaica Stock Exchange requires a minimum of 20 percent of a listed company’s shares to be issued to the public, accordingly, it appears that the plans will be to raise around $700-800 million from the general market prior to listing.

Junior Market moved higher – Thursday

FosRich price pressured by profit taking.

Trading activity picked up on the Junior Market on Wednesday, resulting from an exchange of 4,072,802 units valued at $15,715,409 compared to 1,055,665 units valued at $4,272,519 on Tuesday.
At the close of trading the market Index climbed 33.69 points to 2,768.08, with trading ending with 25 securities changing hands, up from 22 securities Tuesday, as the prices of 12 securities advanced, 8 declined and 3 remained unchanged.
The two new listings in December on the exchange saw profit taking place, with the prices retreating from their highs as sellers now dominate trading.
Trading ended with an average of 162,912 units for an average of $628,616 in contrast to 52,783 units for an average of $213,626 on Tuesday. Trading month to date amounts to an average of In contrast, December closed with 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 2 stocks ending with bids higher than the last selling prices and 1 with a lower offer.
At the close of the market, Access Financial climbed $6 and closed at $42, with 3,025 shares trading, AMG Packaging ended with a loss of 10 cents at $2.90, with 51,680 stock units, Caribbean Cream traded 10 cents higher at $6.10, with 16,350 units, Caribbean Producers closed 6 cents higher at $4.36, with 2,500 shares, Consolidated Bakeries ended 10 cents higher at $1.90, with 758,052 stock units. Derrimon Trading concluded trading with a loss of $1 at $7, with 20,000 units changing hands, Dolphin Cove finished 15 cents higher at $16.15, with 400 shares, Eppley settled at $12, with 4,250 shares, Express Catering ended trading 30 cents higher at $4.30, with 60,339 stock units. FosRich Group traded with a loss of 19 cents at $3.01, with 605,532 units, GWest Corporation closed with a loss of 70 cents at $3.30, with 506,563 shares trading, Honey Bun ended at $4.50, with 15,457 stock units, Iron Rock concluded trading 16 cents higher at $3, with 5,000 units. ISP Finance finished 50 cents higher at $12.50, with 5,000 shares, Jamaican Teas settled at $4.10, with 103,538 shares, Jetcon Corporation ended trading 5 cents higher at $5, with 379,918 stock units, Knutsford Express closed with a loss of 20 cents at $14.80, with 16,304 shares. Lasco Distributors ended with a loss of 34 cents at $3.52, with 170,855 stock units, Lasco Financial concluded trading 35 cents higher at $5.50, with 24,267 units, Lasco Manufacturing finished 13 cents higher at $3.50, with 263,914 shares, Main Event settled with a loss of 50 cents at $5.50, with 5,083 shares. Stationery and Office finished trading 45 cents higher at $5.25, with 1,043,448 shares and tTech ended with a loss of 39 cents at $6.50, with 6,000 stock units. In the junior market preference segment, Eppley 9.5% concluded trading at $7.20, with 642 units, Eppley 10% closed unchanged at $6, with 4,685 shares changing hands.

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

Trinidad’s falling stocks edged advancers

A total of 14 securities traded on the Trinidad & Tobago Stock Exchange on Wednesday against 11 on Tuesday, with 2 stocks advancing, 3 declining as 9 remained unchanged.
Market activity ended with a mere 165,319 shares with a value of $2,450,124 compared to 168,640 units on Tuesday, valued at $1,925,602.
The market continued where it left off on Tuesday with the Composite Index rising 0.97 points to 1,273.69. The All T&T Index declined 0.14 points to 1,722.24, while the Cross Listed Index inched 0.29 points higher to close at 110.61.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 4 with lower offers.
Gains| Grace Kennedy concluded trading and rose 5 cents changing hands at $3.05 with 2,093 units trading and Sagicor Financial closed with an increase of 17 cents at $8 with 3,125 shares changing hands.
Losses| Angostura Holdings ended with a loss of 5 cents closing at 15 with 375 stock units, First Citizens closed with a loss of 2 cents close at $32 with 10,000 shares trading and Guardian Holdings finished with a loss of 3 cents close at $17 with 20,750 shares being exchanged.
Firm Traded| Clico Investments traded finished at $21 with 53,690 units trading valued at $1,127,490, First Caribbean finished trading close at $9.15 with 225 shares, JMMB Group settled at $1.65 with 46,851 shares, National Enterprise closed with 290 shares changing hands at $9.80, NCB Financial Group concluded trading at $6.55 with 9,950 units. Republic Financial had with 521 shares changing hands at $101.50, Scotiabank ended at $60.10 with 1,564 shares changing hands, Trinidad & Tobago NGL finished with 11,385 shares valued at $301,703 changing hands at $26.50 and Trinidad Cement settled at $3.75 with 4,500 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.

VM Investments up 63% from IPO

VM Investments gained 63% to end at $4 on Tuesday from the IPO price

The latest listing on the Main Market of the Jamaica Stock Exchange, Victoria Mutual Investments, closed trading with 2.35 million shares with the price rising to a new closing high of $4 for a gain of 63 percent from its IPO price of $2.45, after trading as high as $4.20.
The Main Market of the Jamaica Stock Exchange concluded trading on Monday with 26 securities changing hands versus 22 securities trading on Friday. The price of 10 stocks advanced, 11 declined and 5 traded firm with 11,226,286 units valued at $102,330,476 changing hands.
Trading ended with the All Jamaican Composite 622.57 points to 317,138.68 and the JSE Index advancing by 567.23 points to 288,949.20.
In the main market activity, Berger Paints finished 45 cents higher at $17, trading just 525 shares, Cable & Wireless settled 15 cents higher at $1.40, with 1,804,417 shares, Caribbean Cement ended trading with a loss of 50 cents at $32, with 9,800 stock units, Carreras traded 5 cents higher at $11.45, with 234,822 units. Ciboney Group finished trading with a loss of 4 cents down to 37 cents, with 728 shares, Grace Kennedy closed with a loss of 25 cents at $43.50, with 16,000 shares, Jamaica Broilers ended 10 cents higher at $17.80, with 26,937 stock units, Jamaica Producers concluded trading with a loss of 20 cents at $16.50, with 1,683 units. Jamaica Stock Exchange finished at $7.05, with 12,000 shares, JMMB Group settled with a loss of $1 to end at $24, with 65,054 shares trading, Kingston Properties ended trading at $7.70, with 3,100 stock units, NCB Financial Group closed with a loss of $1 to $99, with 50,823 shares. 1834 Investments ended 5 cents higher at $1.30, with 459,937 stock units, PanJam Investment concluded trading 25 cents higher at $45, with 5,341 units, Pulse Investments settled at $1.80, with 94,172 shares, Radio Jamaica ended trading with a loss of 3 cents at $1.02, with 159,905 stock units, Sagicor Group traded with a loss of $2.70 at $35.30, with 7,563 units. Sagicor Real Estate Fund finished trading with a loss of $1 to $14, with 5,589 shares, Salada Foods closed 25 cents higher at $11.50, with 117,951 shares, Scotia Group ended with a loss of 85 cents at $53, with 104,683 stock units, Seprod settled $1 higher at $31, with 3,250 shares. Supreme Ventures traded with a loss of $1.49 to end at $10.01, with 131,005 units, VM Investments finished trading 76 cents higher to a record close of $4, with 2,353,026 shares trading and WISYNCO Group closed 51 cents higher at $12.50, with 5,546,728 shares changing hands. In the main market preference segment, Jamaica Money Market Brokers 7.25% traded 4,266 units at $2.49, Jamaica Money Market Brokers 7.5% traded 6,981 units at $1.90.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE Main Market starts 2018 with gains.”

JSE Main Market starts 2018 with gains

On the first trading of the new year the Jamaica Stock Exchange closed with the All Jamaican Composite Index climbing 622.57 points to 317,138.68 and the JSE Index advancing by 567.23 points to 288,949.20.
Trading on the Main Market of the Jamaica Stock Exchange settled on Tuesday with 26 securities changing hands, 10 advanced, 11 declined and 5 traded firm with 11,226,286 units valued at $102,330,476 compared to 10,210,190 units valued at $125,309,363 trading, from 26 securities changing hands on Friday.
Trading ended with an average of 431,780 units for an average of $3,935,788 in contrast to an average of 392,700 units for an average of $4,819,591 on Friday. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.

Devon Barrett CEO of VMIL

Recently listed, Victoria Mutual Investments, closed trading with 2.35 million shares with the price rising to a new closing high of $4 for a gain of 63 percent from its IPO price of $2.45, after trading as high as $4.20.
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 9 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Trading in the US dollar market ended with Proven Investments US ordinary share ended with 2,249 units changing hands to end at 21 US cents, the total value of trading amounted to US$472 with the JSE USD Equities Index closing unchanged at 166.17.
The major movers at the close of the market are, recent listed Wisynco traded 5.55 million shares and closed at $12.50. JMMB Group lost $1 to $24, NCB Financial fell $1 to $99, Sagicor Group dropped $2.70 to $35.30, Sagicor X Fund fell $1 to $14, Seprod gained $1 to $31 and Supreme Ventures ended with a loss of $1.49 at $10.01. Cable & Wireless traded 1.8 million shares cents to end at $1.39 in response to news that the majority owners were making an offer of $1.45 for the minority shares.

For more details of market activities see – “VM Investments up 63% from IPO.”

Junior Market starts 2018 on the up

GWest traded at a new high of $4 on Tuesday.

On the first trading day of 2018, the Junior Market Index advanced by 2.33 points to close at 2,734.39, market activity led the prices of 8 securities advancing, 8 declining and 6 remaining unchanged.
Trading on the of ended on with 20 securities changing hands compared to 22 on Friday, resulting in an exchange of 1,055,665 units valued at $4,272,519 compared to 5,420,352 units valued at $23,431,481 on Friday.
Trading ended with an average of 52,783 units for $213,626 in contrast to 246,380 units for an average of $1,065,067 on Friday. In contrast, December closed with 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 8 stocks ending with bids higher than the last selling prices and 3 with lower offers.
At the close of the market, AMG Packaging ended at $3, with 70,753 stock units trading, CAC 2000 close at $6.50, with 1,400 shares, Cargo Handlers ended trading with a rise of 90 cents at $10.90, as 100 stock units changed hands, Caribbean Cream traded just 800 units as the price jumped $1.20 to end at $6. Caribbean Producers closed 30 cents higher at $4.30, with 5,200 shares, C2W Music finished trading with the price closing at 51 cents, with 6,683 shares changing hands, Express Catering ended trading $4, with 55,922 stock units with the loss of 1 cent, FosRich Group lost 3 cents and ended at $3.20, with 297,439 units, General Accident finished trading 5 cents higher at $2.85, with 1,114 shares. GWest Corporation closed 40 cents higher at to a record of $4, with 221,252 shares, Honey Bun ended with a rise of 50 cents to $4.50, with 3,523 stock units changing hands, Iron Rock concluded trading with a loss of 1 cents at $2.84, with 13,670 units, Jamaican Teas settled with a gain of 40 cents at $4.10, with 46,400 shares trading. Jetcon Corporation ended trading with a loss of 5 cents at $4.95, with 43,000 stock units, Knutsford Express closed at $15, with 26,600 shares trading, Lasco Distributors ended with a loss of 4 cents at $3.86, with 77,721 stock units, Lasco Financial concluded trading 15 cents lower at $5.15, exchanging 36,100 units. Lasco Manufacturing finished with a loss of 53 cents at $3.37, with 32,770 shares, Main Event jumped 72 cents and settled at $6, with 9,305 shares and Stationery and Office finished trading with a loss of 15 cents to $4.80, with 105,913 shares changing hands.

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

Trinidad stocks start 2018 down

Unilever Caribbean at 6-1/2 year low of $27 & clearly heading lower.


Trading on the Trinidad & Tobago Stock Exchange on Tuesday saw a total of 11 securities trading against 14 on Friday, with 2 stocks advancing, 3 declining as 6 remained unchanged.
Market activity ended with a mere 168,640 shares with a value of $1,925,602 on the first day of 2018, up from 109,529 units on Friday, valued at $2,139,960.
The newyear started with the Composite Index rising 0.92 points on Friday to 1,266.35. The All T&T Index declined 1.16 points to 1,728.75, while the Cross Listed Index inched 0.41 points higher to close at 108.38.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 5 with lower offers.
Gains| First Citizens closed with a rise of 2 cents to close at $32.02 with 355 shares and NCB Financial Group gained 35 cents in finishing at $6.55 with 2,050 stock units.
Losses| Point Lisas traded 107 units with the price falling 14 cents to $3.80, Republic Financial ended with a loss of 1 cent at $101.50 with 951 stock units trading and Unilever Caribbean closed with a loss of $2 changing hands at six and a half year low of $27, the lowest price since it closed at $28 on July 7, 2011 with 166 shares trading.
Firm Traded| JMMB Group ended trading at $1.65 with 29,625 stock units, Massy ended trading at $48.02 with 210 stock units changing hands, Sagicor Financial concluded trading with 400 units to close at $7.83, Scotiabank ended at $60.10 with 2,864 shares changing hands, Trinidad & Tobago NGL ended at $26.50 after hitting a low for the day at $16.10, in trading 1,300 stock units and West Indian Tobacco ended at $100 with just 10 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

9 new IPOs for 2018

Last year (2017), was a great year for Jamaican stocks with prices of several stocks more than doubling on the Jamaican Stock Exchange and 10 new companies listing on the exchange.
2018 seems poised to be another year for a number of new issues on the market as business owners take advantage of a buoyant market for equity investments.
The local market should have new 9 issues, Marlene Streete-Forrest, the JSE Managing Director confirmed. Streete-Forrest expects that 5 issues will list on the Junior Market and 4 for the main market. New financial entity Sygnus Capital is said to be heading to the public in January. Other listings expected shortly are Caribbean Insurance Brokers, NevEast and Elite Diagnostics. University College of the Caribbean with its main operations in Kingston, Jamaica, is expected to be the first educational institution to seek to list on the stock exchange. The listing is expected to take place in the first quarter of 2018. Mayberry Investment is also expected to bring their subsidiary, Mayberry West Indies to market by February.
In 2017, the Jamaica Stock Exchange had 10 new companies listing on the exchange, including 2 new companies listing preference shares. Two new listings were on the main market one on the US dollar market and 5 on the Junior Market.
Scotia Investments, Trinidad Cement, Montego Bay Ice and Margaritaville preference share were delisted during the year.