First Rock Capital

JSE US dollar market jumps over 3%

April 2, 2020 by IC Insider.com

The Jamaica Stock Exchange, US dollar market, rose by 3.2 percent with the market index climbing 6.44 points to close at 208.70, with the year to date decline being 7.7 percent. At the close of trading, the PE ratio of the market was an average of 14.5 times 2020 earnings.
Market activity resulted in five securities changing hands, accounting for 651,114 units traded with a value of US$36,182, in contrast to 486,504 units for US$42,388 on Wednesday.
In trading activity, First Rock Capital rose by 0.9 of a cent to end at 9 US cents, after 4,100 stock units crossed the exchange, Proven Investments exchanged 114,693 shares at 26 US cents, Sterling Investments rose half a cent to 2.5 US cents after trading 10,000 units. Sygnus Credit Investments climbed 4.5 cents higher to 16.5 US cents in swapping 1,000 units and Trans Jamaican Highway in accounting for 80 percent of the day’s volume ended with an exchange of 521,321 shares at 1.07 US cents.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

JSE Main Market starts Q2 with a fall

April 1, 2020 by IC Insider.com

Jamaica Stock Exchange started the second quarter of 2020 with losses in the leading indices after racking substantial gains ahead on the month-end. The market closed with 40 securities changing hands with prices of 22 stocks advancing, 21 declining and two trading firm.
At the close, the JSE All Jamaican Composite Index declined 1,819.45 points to 414,283.45, the JSE Market Index dropped 1,643.55 points to 377,598.56, but the JSE Financial Index rose 0.33 points to 103.63.
The JSE Main Market activity ended with 22,417,248 units valued at $113,463,573, in contrast to 46,241,343 units valued at $672,264,195 from 42 securities on Tuesday.
Trans Jamaican Highway led trading with 9.3 million shares for 42 percent of total volume followed by Wigton Windfarm with 4.1 million units for 18.3 percent of the day’s trade, and Sagicor Select Financial Fund with 1.7 million units for 7.5 percent of the market’s volume. QWI Investments was the only stock trading more than one million units, with 1.4 million shares.
The Market closed with an average of 560,431 units valued at an average of $2,836,589 for each security traded, in contrast to 1,100,984 units valued at an average of $16,006,290 on Tuesday. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and two stocks closing with lower offers. The PE ratio of the market ended at 14.2, while the Main Market ended at 14.5 times 2020/21 earnings.
In the Main Market, Barita Investments tumbled $5 to $54, after exchanging 51,460 shares, Berger Paints closed $2.96 higher to $14, in transferring 50,404 units, Caribbean Cement dumped $6.50 in trading 162,574 stock units and closed at $39. Eppley Caribbean Property Fund ended at $39, with a loss of 50 cents after swapping 13,580 shares, First Rock Capital shed 44 cents to finish at $9.55, with 8,508 units changing hands, Grace Kennedy ended $3 lower to close at $57, in trading 82,834 shares. Jamaica Broilers climbed $3 to $33 after transferring 99,832 stock units, Jamaica Producers ended at $21.01, after losing $1.99 and exchanging 17,100 units, Jamaica Stock Exchange lost 50 cents to close at $23, with 105,597 shares traded. JMMB Group closed $1.44 lower to $38.54, in swapping 110,895 shares, Kingston Wharves added 59 cents to finish at $43.50, in trading 12,358 units, Mayberry Investments picked up 44 cents to close at $5.99, with 81,015 units crossing the exchange. NCB Financial Group advanced to $154.99, with gains of $4.99 and swapping 57,909 units, 138 Student Living climbed $1.34 to $6.99, after transferring 15,500 units, PanJam Investment ended at $78, with a loss of $1 trading 63,834 units. Portland JSX gained 70 cents exchanging 2,090 units and closed at $8, Proven Investments ended at $36.60, after climbing $1.60 and transferring 14,113 stock units, Sagicor Group closed $4.40 lower to $48, in swapping 101,381 shares. Salada Foods ended the day at $30, after gaining $1 trading 200 units, Scotia Group dropped $1.49 to finish at $46.50, with 29,841 units changing hands, Seprod added 50 cents to transferring 254,512 shares and closed at $47.50. Stanley Motta shed 75 cents with an exchange of 6,000 units to end at $5, Supreme Ventures gained 57 cents and closed at $13.57, in swapping 561,955 shares, Sygnus Credit Investments ended at $17.03, with a loss of 97 cents trading 99,934 units and Wisynco Group closed $1.39 lower to $13.30 exchanging 1,657,479 shares.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, 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, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE majors end worse month with gains

March 31, 2020 by IC Insider.com

The Jamaica Stock Exchange Main Market closed out the worse month in its 50-year history, with a plunge of 29 percent from the start of the month to March 25, before it recovered 41,011.81 of the 154,631.13 points lost up to that point to close the month with a loss of 21 percent.
At the close of trading for March and the end of the first quarter of 2020, the JSE All Jamaican Composite Index soared 15,152.90 points to 416,102.90, the JSE Market Index jumped 13,681.82 points to 379,242.11 and the JSE Financial Index gained 2.76 points to end at 103.30.
The market closed with 48 securities changing hands in the Main and US dollar markets with prices of 29 stocks advancing, 9 declining and 10 securities trading firm. The JSE Main Market activity ended with 42 securities accounting for 46,241,343 units valued at $672,264,195, in contrast to 29,160,780 units valued at $111,371,550 from 39 securities on Monday.
Pulse Investments led trading with 17.2 million shares, for 37 percent of overall Main Market volume, Trans Jamaican Highway traded 7.3 million units, in the JSE US dollar market, the equivalent of 15.7 percent of the Main Market volume and Barita Investments exchanged 7 million units for 15 percent market share.
Other stocks trading more than one million units were Wigton Windfarm with 6.9 million units, Trans Jamaican Highway with 6.1 million shares, JMMB Group with 2.5 million shares and Sagicor Select Financial Fund with 1.1 million units.
The Market closed with an average of 1,100,984 units amounting to $16,006,290 for each security traded, in contrast to 747,712 units valued at an average of $2,855,681 on Monday. The average volume and value for the month to date amount to 1,146,245 units valued at $7,550,295 for each security changing hands compared to 1,148,383 units valued at 7,111,386 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows fifteen stocks ending with bids higher than their last selling prices and three stocks closing with lower offers. The PE ratio of the market ended at 14.2, while the Main Market ended at 14.5 times 2020/21 earnings.
In the Main Market, Barita Investments climbed $4.01 to $59, in exchanging 6,970,721 shares, Caribbean Cement jumped $5.50 trading 70,198 shares and closed at $45.50, Eppley Caribbean Property Fund shed 50 cents to finish at $39.50, with an exchange of 4,500 units. Grace Kennedy ended $5.50 higher at $60, in switching ownership of 261,243 shares, Jamaica Broilers traded 87,050 shares, with gains of $1.91 to close at $30, Jamaica Producers ended at $23, after climbing $4 while exchanging 163,786 shares. Jamaica Stock Exchange jumped $4.50 to $23.50, with 267,697 shares changing hands, JMMB Group surged $5.98 to reach $39.98, in transferring 2,521,461 shares, Kingston Wharves gained 91 cents to close at $42.91, trading 4,795 units. Mayberry Jamaican Equities ended $1.08 higher in trading 16,911 units at $7.72, PanJam Investment rose $1 to $79, with 54,643 shares changing hands, Proven Investments ended at $35, after losing 94 cents while trading 36,309 shares. Pulse Investments added 32 cents to finish at $3.45, in transferring 17,162,610 shares, Sagicor Group leaped $8.40, in exchanging 341,368 shares and closed at $52.40, Salada Foods finished at $29, advancing $4 and trading 20,327 units. Scotia Group closed $3.98 higher at $47.99, with 155,932 shares changing hands, Seprod added $4.50 to end at $47, in swapping 51,191 units, Stanley Motta gained $1.14 exchanging 16,615 units and closed at $5.75. Supreme Ventures shed 50 cents to end at $13, with 177,935 shares traded, Sygnus Credit Investments ended at $18, with gains of $1.40 transferring 154,566 shares, Victoria Mutual Investments exchanged 560,714 shares at $7, after picking up 55 cents and Wisynco Group closed $1.44 higher at $14.69 after trading 501,240 shares.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, 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, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE US$ market drops 12% in March

March 31, 2020 by IC Insider.com

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The Jamaica Stock Exchange US dollar market advanced by 4.44 points to close at 201.77 and ended March with a loss of 12 percent in the month and 10.8 percent for the year to date.
Market activity resulted in six securities changing hands, accounting for 7,448,842 units having a value of US$122,863, in contrast to 3,646,138 units for US$59,981 on Monday. The PE ratio of the market close with an average of12 times 2020 earnings.
The market had one new listing during the month with Trans Jamaican Highway started trading on March 24, following a successful IPO and it has dominated the daily traded volume ever since. Trans Jamaican stock led trading on the JSE US dollar market, accounting for 97.4 percent of the day’s volume.
At the close of trading, Infrequent trader, Equityline Mortgage Investments fell 2 cents to finish at 52 weeks’ low of US$1.99, with an exchange of 197 units. First Rock Capital rose 1 cent and closed at 8 US cents, in transferring 4,045 units, JMMB Group 5.75% preference share gained 1 cent trading 275 units to end at US$2.13. Proven Investments ended at 27 US cents, with a gain of 1 cent in swapping 186,681 shares, Sygnus Credit Investments closed at 12 US cents, with 2,467 units changing hands and Trans Jamaican Highway shed 0.3 of a cent to end at 1.02 US cents, with 7,255,177 shares crossing the exchange.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: Daily Trading, Emerging markets, Equityline Mortgage Investments, First Rock Capital, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Proven Investments, Sygnus Credit Investments, Trading Activity, Trans Jamaica Highway

JSE Main Market pushes higher – Monday

March 30, 2020 by IC Insider.com

The JSE Main Market continues to surge forward at the close of trading on Monday, as recent heavy selling abates allowing the market all Jamaica Composite index to rise 25,859 points, almost wiping losses suffered from Monday to Wednesday last week.

Early signs of a market rebound just showing.

At the close, the JSE All Jamaican Composite Index climbed 6,492.50 points to 400,950.00, the JSE Market Index gained 5,877.33 points to 365,560.29 and the JSE Financial Index rose 1.82 points to 100.54.
The market closed with 44 securities changing hands in the Main and US dollar markets with prices of 21 stocks advancing, 18 declining and five securities trading firm. The JSE Main Market activity ended with 39 securities accounting for 29,160,780 units valued at $111,371,550, in contrast to 23,098,105 units at $104,845,950 from 41 securities on Friday.
Trans Jamaican Highway remained the dominant trade on Monday, with 15 million shares for 51.5 percent of total volume crossing the exchange followed by Wigton Windfarm with 5.8 million units for 20 percent of the day’s trade and Trans Jamaican Highway trading in the US dollar market with 3.6 million units for 12 percent of the market’s volume. Other stocks trading more than one million units were Pulse Investments with 1.9 million units and Sagicor Select Financial Fund with 1.7 million units.
The Market closed with an average of 747,712 units valued $2,855,681 for each security traded, in contrast to 563,368 units valued at an average of $2,557,218 on Friday. The average volume and value for the month to date amount to 1,148,383 units valued at $7,111,386 for each security changing hands compared to 1,166,767 units valued at 7,327,128 for each security traded.

Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and one stock closing with a lower offer. With IC Isider.com switching projections over to 2020 and 2021 fiscal years, PE ratios are down, reflecting higher projected earnings in some cases and leaving average PE of the market at 13.3, while the Main Market ended at 13.9 times 2020/21 earnings.
In the Main Market, Barita Investments climbed $3.99 to $54.99, after trading 80,515 shares, Berger Paints closed $1.54 higher to $11.04, in transferring 22,211 units, Caribbean Cement dived $9, in swapping 166,167 shares to finish at $40. First Rock Capital gained 50 cents exchanging 13,097 units and closed at $10, Grace Kennedy slid $2, with 21,729 shares changing hands to close at $54.50, Jamaica Broilers ended 91 cents lower to $28.09 trading 80,513 shares. Jamaica Producers advanced $2.85 to $19, while 22,817 units passed through the market, Jamaica Stock Exchange rose 47 cents to $19, with 86,297 shares changing hands, JMMB Group closed down by $1.45 to finish at $34 in transferring 536,454 shares.

Kingston Wharves slid $1.50 to $42, trading 7,109 units, Mayberry Investments picked up 60 cents and closed at $5.60, with an exchange of 67,881 shares, Mayberry Jamaican Equities shed 36 cents with 16,100 units trading to end at $6.64. NCB Financial Group declined by $4 to close at $150, with 114,390 shares changing hands, 138 Student Living rose 81 cents to end at $5.50, in swapping a mere 86 units, Proven Investments ended at $35.94, after picking up 94 cents and transferring 35,465 shares. Pulse Investments ended at $3.13, with gains of 60 cents trading 1,882,701 shares, Sagicor Group dropped $2.60 to end at $44, with an exchange of 46,235 units, Sagicor Real Estate Fund closed $1.10 higher to $7.70 with the trading of just 1,901 units. Scotia Group a lost $3.49 and finished at $44.01 with 38,328 units changing hands, Seprod added $3.50 to end at $42.50, after transferring 73,476 units, Stanley Motta lost 39 cents swapping 1,000 units and closed at $4.61 and Supreme Ventures fell 49 cents to end at $13.50, with 253,252 shares traded.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Highway, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Trans Jamaica at record close in US market

March 30, 2020 by IC Insider.com

Jamaica Stock Exchange.

Newly listed Trans Jamaican Highway inched higher by half a cent to close at a record high of 1.05 US cents after being the dominant stock in trading on the JSE US dollar market on Monday and accounting for 97.5 percent of the day’s volume.
Market activity resulted in five securities changing hands, accounting for 3,646,138 units traded with a value of US$59,981, in contrast to 2,129,328 units for US$64,366 on Friday. At the close, the market fell by 0.20 points to close at 197.33 to be down by 12.8 percent for the year to date.
In trading First Rock Capital closed at 7 US cents, with a loss of 1.4 cents after exchanging 25,000 units, JMMB Group 5.75% preference share shed 3 cents in transferring 5,000 units to end at US$2.12. Proven Investments gained 2 cents to end at 25.99 US cents, after trading 36,328 shares, Sygnus Credit Investments closed at 12 US cents, with 23,685 units changing hands. Trans Jamaican Highway rose by 0.1 of a cent to close ahead of the initial public offer price at 1.05 US cents, with an exchange of 3,556,125 shares. Trans Jamaican Highway closed with bids to buy 874,977 shares at one US cent each, 2 with offers to sell 446,893 units at 1.05 US cents.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: Daily Trading, Emerging markets, First Rock Capital, Jamaica Stock Exchange, Jamaican stocks, Productive Business Solution, Proven Investments, Sygnus Credit Investments, Trading Activity

JSE US dollar market ends week quietly

March 27, 2020 by IC Insider.com

JSE US dollar market ends week quietly as two stocks recorded price changes. The new listing at the start of the week Trans Jamaican Highway dominated trading from its listing on Tuesday. It continued its dominance of the JSE US dollar market on Friday, accounting for 92.6 percent of the day’s volume, with the price remaining unchanged at the close.
At the close of trading, five securities changed hands, accounting for 2,129,328 units exchange for a value of US$64,366, in contrast to 5,389,685 units for $89,826 on Thursday. The market Index advanced 0.60 points to close at 197.53, with a loss of 12.7 percent for the year to date. The average PE ratio for US dollar-listed stocks is 20.7 times 2019 earnings but with the typical average being just under 14 when excluding the large ones.
In Trading, First Rock Capital shed 0.6 of a cent in trading 37,750 units to finish at 8.4 US cents, JMMB Group 6% preference share traded 15,000 units at US$1, Proven Investments ended at 24 US cents, with 83,966 shares changing hands. Sygnus Credit Investments fell 1 cent to close at 12 US cents, after swapping 33,122 units and Trans Jamaican Highway exchanged 2,129,328 units and closed at the listing price of 1 US cent but traded at an all-time intraday high of 1.09 US cents.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: Daily Trading, Emerging markets, First Rock Capital, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Proven Investments, Sygnus Credit Investments, Trans Jamaica Highway

Aggressive price gains push JSE Main Market

March 27, 2020 by IC Insider.com

Some aggressive price movements push JSE Main Market higher at the close of trading on Friday as investors seem to be putting the recent sharp sell-off behind them. In the end, Caribbean Cement jumped $4, Grace Kennedy $2, NCB Financial $2, Sagicor group $4.20, Scotia Group $3.50 and Seprod $2.The market ended, with the JSE All Jamaican Composite Index advanced 10,583.06 points to 394,457.50, the JSE Market Index climbed 9,599.14 points to 359,682.96 and the JSE Financial Index rose 3.61 points to 98.72.

JSE Main Market has bounced strongly off support shown by the blue line on two separate days.

The market closed with 46 securities changing hands in the Main and US dollar markets with prices of 24 stocks advancing, 12 declining and ten securities trading firm. The JSE Main Market activity ended with 41 securities accounting for 23,098,105 units valued at $104,845,950 in contrast to 276,324,388 units valued at $742,100,927 from 39 securities on Thursday.
Trans Jamaican Highway led trading with 9.7 million shares for 41.8 percent of total volume followed by Wigton Windfarm with 7.2 million units for 31.2 percent of the day’s trade, and Trans Jamaican Highway US$ with 2.1 million units for 9.2 percent of the market’s volume. The only other stock trading more than one million units is Pulse Investments, with 1.2 million units.
The Market closed with an average of 563,368 units valued at $2,557,218 for each security traded, in contrast to 7,085,241 units valued at an average of $19,028,229 on Thursday. The average volume and value for the month to date amount to 1,166,767 units valued at $7,327,128 for each security changing hands compared to 1,197,347 units valued at 7,209,844 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows eleven stocks ending with bids higher than their last selling prices and two stocks closing with lower offers. The PE ratio of the market ended at 15, while the Main Market ended at 14 times 2019 earnings.
In the Main Market trading, Barita Investments declined $1.50 to $51, trading 482,153 shares, Caribbean Cement climbed $4 higher to $49, with an exchange of 46,494 units, Eppley gained $1.71 to close at $12.21, with a transfer of 574 stock units. First Rock Capital slipped 60 cents to $9.50, after swapping 11,797 shares, Grace Kennedy added $2.30 to finish at $56.50, with 95,953 shares changing hands, Jamaica Broilers gained $1 and closed at $29, after trading 13,934 units. JMMB Group picked up $1.12 to finish at $35.45, with an exchange of 279,114 shares, Mayberry Jamaican Equities added 40 cents after 75,312 shares passed through the market to end at $7, MPC Caribbean Clean Energy sustained a loss of $12 to end at $135, with a mere 20 units crossing the exchange. NCB Financial Group closed $2 higher at $154, in trading 41,906 shares, 138 Student Living shed 81 cents to end at $4.69 exchanging 6,216 units, Portland JSX closed $1.60 lower to $7.30 after transferring just 416 units. Proven Investments ended at $35, after falling by $1 in trading 19,278 shares, Sagicor Group jumped $4.20 to $46.60, with 70,977 stock units changing hands, Sagicor Real Estate Fund fell 82 cents to $6.60 with the transfer of 5,774 units. Scotia Group climbed $3.50 to finish at $47.50 and trading 77,214 shares, Seprod added $2 to end at $39, with an exchange of 41,696 shares, Sterling Investments picked up 30 cents to close at $2.80, in transferring 1,300 units. Victoria Mutual Investments ended at $6.54, with gains of 48 cents and exchanging 160,790 shares and Wisynco Group closed at $13.30, with a loss of 70 cents after 558,494 shares crossed the exchange.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Highway, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Big bounce for JSE Main Market

March 26, 2020 by IC Insider.com

NCB Financial one of the big contributors to the fall in the Main Market of the Jamaica Stock Exchange by knocking approximately 50,000 points off the index roared back in trading on Thursday, with a rise of $7 to close at $152 and in the process helped in pushing the two leading indices sharply higher.

NCB Financial Group contributed around 50,000 to the JSE index near 200,000 decline since the start of the year.

At the close, the market shows signs that it may have bottomed and is about to move higher and is partially reflected with a sharp rise in the JSE All Jamaican Composite Index jumping 8,783.35 points to 383,874.44 and the JSE Market Index climbing 7,989.93 points to 350,083.82. The JSE Financial Index gained 2.55 points to 95.11.
The market closed with 44 securities changing hands in the Main and US dollar markets with prices of 21 stocks advancing, 17 declining and eight securities trading firm. The JSE Main Market activity ended with 39 securities accounting for 276,324,388 units valued at $742,100,927 in contrast to 126,118,687 units valued at $211,017,961 from 40 securities on Wednesday.
Pulse Investments traded an unusually large 243.4 million shares for 88 percent of total volume followed by Trans Jamaican Highway with 19.7 million units for 7 percent of the day’s trade and Trans Jamaican Highway US dollar listing with 5.2 million units for 2 percent of the volume in both markets. Other stocks trading more than one million units were Carreras with 2.2 million units,

Strong signs of the market may have bottomed.

Sagicor Select Financial Fund with 1.3 million shares, Wigton Windfarm with 3.9 million units and Sagicor Select Manufacturing & Distribution Fund with 1.2 million shares.
The Market closed with an average of 7,085,241 units valued at $19,028,229 for each security traded, in contrast to 3,152,967 units valued at an average of $5,275,449 on Wednesday. The average volume and value for the month to date amount to 1,197,347 units valued at $7,209,844 for each security changing hands compared to 899,129 units valued at 6,578,450 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ending with bids higher than their last selling prices and two stocks closing with lower offers. The PE ratio of the market ended at 14.9, while the Main Market ended at 13.8 times 2019 earnings.
In the Main Market, Barita Investments closed $1 higher to $52.50, with a transfer of 29,768 shares, Berger Paints ended at 52 weeks’ low of $9.50, after a loss of $1.50 and exchanging 50,996 shares, Caribbean Cement gained $5 to end at $45, in trading 53,275 units. Carreras closed 74 cents higher to $6.75, with 2,252,374 shares changing hands, Eppley shed $1 swapping 8,724 units and closed at $10.50, Eppley Caribbean Property Fund added $3.50 to end at $40, in trading 2,669 units. Grace Kennedy picked up 30 cents to finish at $54.20, in trading 58,581 shares, Jamaica Broilers ended at $28, with a loss of $1 with 25,066 units changing hands, Jamaica Stock Exchange climbed $2.50 to $18.50, after the transfer of 337,902 shares. JMMB Group slid$1.17 to $34.33, with an exchange of 102,095 units, Kingston Wharves lost 50 cents to close at $43.50 trading 6,667 units, Mayberry Jamaican Equities gained 60 cents trading 64,768 shares to end at $6.60. NCB Financial jumped $7 to $152, with 578,923 shares crossing the exchange, 138 Student Living added $1 to end at $5.50, with an exchange of 347 units, Portland JSX closed $1.60 higher to $8.90 after the transferring of 2,005 units. Proven Investments jumped $3.50 to $36, after exchanging 51,818 shares, Sagicor Group advanced by $2.40 to $42.40, in swapping 608,061 shares, Scotia Group regained ground with gains of $7 to settle at $44, with 170,469 shares changing hands. Seprod added $1 to end at $37, in trading 30,390 units, Stanley Motta shed 74 cents with a transfer of 7,500 units to end at $5. Sterling Investments closed 40 cents lower at $2.50 trading 68,830 units, Supreme Ventures ended at $14, with a loss of 99 cents exchanging 252,623 shares, Sygnus Credit Investments closed 53 cents lower to $16.50, trading 22,971 units and Wisynco Group swapped 840,773 shares at $14, after gaining $1.30.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Highway, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Trans Jamaica dominates JSE US market

March 25, 2020 by IC Insider.com

A leg of Highway 2000

Newly listed Trans Jamaican Highway continued to dominate trading in the US dollar market on Wednesday accounting for 96.6 percent of the total volume of 5,292,251 units for $93,450.
The US market index advanced 2.49 points to close at 187.35 after seven securities traded. First Rock Capital closed at 9 US cents, after gaining 0.6 of a cent in exchanging 8,982 units, JMMB Group 5.75% preference share rose 3 cents to close at US$2.15, with 2,165 units changing hands, JMMB Group 6% traded 2,821 shares at US$1. Productive Business Solutions shed 4 cents to end at 70 US cents with 123 units changing hands, Proven Investments gained half of a cent in trading 166,378 and closed at 24 US cents, Sygnus Credit Investments rose by 1 cent exchanging 107 units and closed at 13 US cents and Trans Jamaican Highway traded 5,111,675 shares at 0.09 of one US cent.