Major shakeup in IC TOP 10

November 18, 2019 by

The past week saw the release of quarterly results by several companies and that helped in reshaping IC TOP 10 list of stocks for the coming week. The Junior Market TOP 10 has 5 changes and the main market just one.
Earnings downgrades and the announcement of new initial public offers were the main factors that resulted in the changes.
Mailpac Group and the Lumber Depot released prospectuses this past week, with both making it into the Junior Market TOP 10 list. Other notable changes to the Junior Market list are Caribbean Flavours, Fontana and Honey Bun that reentered the top list after weeks of absence. Dropping from the list are Iron Rock Insurance, Caribbean Producers and tTech, all of which suffered earnings downgrade.
Mailpac Group released its prospectus to sell 500 million shares at $1 each with earnings of 14 cents per share for a PE of 7 and potential gains of 180 percent. The Lumber Depot released its prospectus on Friday with a projected profit of $82 million or 16 cents per share.
JMMB Group released substantial gains in the half-year results that helped to propel it into the main market TOP 10 at the expense of Seprod. The latter suffered an earnings downgrade following the release of the nine months results.
 The top three Junior Market stocks, is now led by Main Event with projected gains of 201 percent, followed by Medical Disposables with 186 percent and by new entrant MailPac Group, with a potential increase of 180 percent.
Radio Jamaica remains the lead stock with projected gains of 170 percent, followed by Pulse Investments in the number two spot with projected growth of 144 and Carreras with a likely increase in the stock price of 117 percent and percent is next.
The main market, closed the week with the overall PE of 17.6 and the Junior Market at 13.8 from 12.1, based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.1 with the main market PE at 10.5.
The TOP 10 stocks now trade at a discount of 42 percent to the average for Junior Market stocks and main market stocks trade at a discount of 40 percent to the overall market.
IC TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, along with the PE ratio for each company’s current fiscal year are used in determining potential gains with the likely gains ranked in descending order with highest-ranked being the most attractive. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have an interest in the securities commented on.

Filed Under: Buy Rated Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

JSE main market drops

November 15, 2019 by

The major indices on the Jamaica Stock Exchange tumbled on Friday, erasing some of the gains made in the week to Thursday but still leaving the market ahead of the close of the previous week.
The All Jamaican Composite Index plunged 5,180.13 points to close at 551,529.35, the JSE Index dropped 4,693.76 points to 502,172.78 and the JSE Financial Index lost 1.50 points to close at 136.30.
The market closed with 35 securities changing hands in the main and US dollar markets with 14 advancing, 15 declining and 6 trading firm. Main market activity ended with 33 securities accounting for 43,823,390 units valued at $226,040,673 in contrast to 24,330,188 units valued at $89,041,566 on Thursday from 36 securities.
Wigton Windfarm dominated trading with 31.4 million shares for 72 percent of total volume, followed by Sagicor Select Funds with 5.5 million units accounting for 13 percent of the day’s trade and QWI Investments with 2.2 million shares and 5 percent. Wisynco Group was the only other stock trading over 1 million shares in the main market.
The market closed with an average of 1,327,982 units valued at an average of $6,849,717 for each security traded, in contrast to 675,839 units for an average of 2,473,377 on Thursday. The average volume and value for the month to date amounts to 516,075 units at $3,676,184 and previously, an average of 447,021 units valued at $3,379,509 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 13 stocks ending with bids higher than their last selling prices and 3 with lower offers. The PE ratio of the market ended at 17.3 with the main market ending at 18 times 2019 current year’s earnings.
In main market activity, Berger Paints lost 40 cents, in swapping 6,363 units to close at $18, Carreras declined 45 cents to settle at $8.30, with 213,783 shares traded, Grace Kennedy closed $2 lower at $$65 exchanging 233,978 shares, Jamaica Broilers dropped $1.42, ending the day’s trade at $35 with 171,913 shares changing hands. Jamaica Stock Exchange settled at $33, after losing $1.56 in trading 141,471 shares, Kingston Properties gained 40 cents trading 2,520 shares, to end at $5.70, Kingston Wharves closed 50 cents lower to $60.50 with 32,705 units changing hands. Mayberry Investments climbed $2.60 to $10, with 327,682 units traded, NCB Financial dived $8.08 to close at $205.02, after exchanging 234,135 units, Portland JSX gained 40 cents to end at $8.50 with the transfer of 585 units, Proven Investments dropped $1.75 to $45.25, with 13,942 shares changing hands. Pulse Investments closed 30 cents lower to $4.10 trading 46,222 shares. Seprod closed $1 lower to $50.53, with 396,704 shares crossing the exchange, Sygnus Credit Investments gained $1.55 swapping 88,532 units and ending at $23 and Wisynco Group added 50 cents settled at $23.50, with 1,030,907 shares changing hands.
Trading in the US dollar market closed with 341,750 units valued at US$113,637 with the market advancing 11.60 points to close at 221.94. Proven Investments gained 0.5 US cents traded 336,750 units at a 52 weeks’ high of 30.5 US cents, after hitting a high of 35 cents before closing and Sygnus Credit Investments closed at 14 US cents with 5,000 units changing hands.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Sizable gains for JSE main market

November 14, 2019 by

Market activity on the Junior Market resulted in the major indices recording more gains on Thursday and bringing the increase for the week to 11,719.17 points as the market continues to recover from its 42,772.34 fall from the peak in early August.
The market closed with the All Jamaican Composite Index climbing 2,648.71 points to 556,709.48, the JSE Index advancing 2,402.96 points to 506,866.54 and the JSE Financial Index posting 0.66 points to end at 137.80.
The market activity led to 38 securities changing hands in the main and US dollar markets with 14 advancing, 13 declining and 11 trading firm. Main market activity ended with 36 securities accounting for 24,330,188 units valued at $89,041,566 in contrast to 20,477,665 units valued at $53,408,633 on Wednesday from 33 securities.
Sagicor Select Funds dominated trading with 10.8 million shares for 44 percent of total volume, followed by Wigton Windfarm with 7.8 million units accounting for 32 percent of the day’s trade and QWI Investments with 4 million shares and 16 percent. 1834 Investments closed at a 52 weeks’ high of $1.25 after trading at $1.26 earlier, while Proven Investments US dollar listed stock traded at a 52 weeks’ high of 30.5 US cents.
The market closed with an average of 675,839 units valued at an average of $2,473,377 for each security traded, in contrast to 619,626 units for an average of 1,618,443 on Wednesday. The average volume and value for the month to date amounts to 447,021 units valued at $3,379,509 and previously, an average of 423,619 units valued at $3,482,413 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
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 6 with lower offers. The PE ratio of the market ended at 17.1, with the main market ending at 17.8 times 2019 current year’s earnings.
In main market activity, Caribbean Cement traded 5,290 stock units and closed at $75.50, after losing $1.49, Eppley Caribbean Property Fund gained $1 to settle at $36, with 9,750 shares changing hands, Grace Kennedy closed $1 higher to $$67, in swapping 12,774 units. Jamaica Broilers added 62 cents to close at $36.42, trading 12,749 shares, Jamaica Producers lost 39 cents to end at $24.05, with an exchange of 11,146 shares, Jamaica Stock Exchange lost 44 cents to settle at $34.56 after 21,889 stock units passed through the market. Kingston Properties lost 62 cents while trading 1,680 units, to end at $5.30, Kingston Wharves gained $1 to close at $61 with 820 shares changing hands, Mayberry Investments closed 70 cents lower to $7.40, with 8,910 units traded, Mayberry Jamaican Equities lost 30 cents to end at $12 exchanging 5,350 shares. NCB Financial ended at $213.10, after rising $1.10 with a transfer of 131,716 units, Portland JSX closed at $8.10, after losing 40 cents with 100 units trading, Salada Foods dropped $1, in ending at $29 with 500 units crossing the exchange. Seprod rose by $1.03 to $51.53, with 8,274 shares changing hands, Supreme Ventures gained 49 cents, ending the day’s trade at $26.49 with 76,054 shares traded, Victoria Mutual Investments closed 30 cents higher to settle at $8.30, with 272,572 shares changing hands and Wisynco Group lost 50 cents to close at $23, with 57,193 shares crossing the exchange.
Trading in the US dollar market closed with 5,449,518 units valued at US$1,638,052 with the market adding 1.77 points to close at 210.34. Proven Investments traded 5,306,625 units at 30 US cents and Sygnus Credit Investments closed at 14 US cents with 142,893 units changing hands.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

TTSE trading closed mixed – Thursday

November 14, 2019 by

Trinidad & Tobago Stock Exchange Head Quarters

Trading on Trinidad & Tobago Stock Exchange closed with an exchange of 16 securities, the same as on Wednesday, leading to 161,724 shares changing hands at $1,858,686 compared to 267,659 shares trading for $5,429,159 on Wednesday.
At the close of the market, the prices of 2 stocks rose, 4 declined and 10 remained unchanged, leading with the Composite Index added 2.15 points to close at 1,412.13. The All T&T Index shed 2.17 points to 1,764.60, while the Cross Listed Index rose 0.90 points to close at 143.61.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 5 stocks with bids lower than their last selling prices and two with lower offers.
Gains| JMMB Group rose 5 cents and settled at $2.25, with 51,000 units trading, NCB Financial closed with an increase of 10 cents and ended at 52 weeks’ high of $10.85, with investors exchanging 43,300 shares.
Losses| Ansa Mcal closed with a loss of 91 cents and settled at $54, with 568 units crossing the exchange, CinemaOne closed 35 cents down to an all-time low of $3.44, with 16,500 stock units changing hands. Grace Kennedy concluded trading of 16,500 units at $3.44 after losing 4 cents and Trinidad & Tobago NGL dropped $1.42 in exchanging 16,506 shares to close at a 52 weeks’ low of $25.42.
Firm Trades| Calypso Micro Index Fund traded 40 shares and closed at $15.85, Clico Investment Fund ended at $24.20, with 9,860 stock units trading, First Citizens Bank concluded trading of 5,148 units at $41.85. Guardian Holdings exchanged 4,000 shares at $18.50, National Flour ended at $1.48, with 2,736 stock units changing hands. One Caribbean Media swapped 5,000 shares ended at $9.98, Republic Financial closed at $125.50 with 1,209 units changing hands, Sagicor Financial exchanged 2,167 shares and ended at $10.68, Trinidad Cement ended at $1.90, with investors switching ownership 2,590 shares and Unilever Caribbean completed trading 1,100 shares at $23.50.

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

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

TTSE trading back to basics – Wednesday

November 13, 2019 by

Jumping sharply with more than TT$48 million and 2 million shares, trading on Trinidad & Tobago Stock Exchange on Tuesday activity dropped to more moderate levels on Wednesday.
The market closed with an exchange of 16 securities compared to 20 securities on Tuesday, leading to 267,659 shares changing hands with a value of $5,429,159 compared to 2,059,370 shares trading for $48,279,467 on Tuesday.
At the close of the market, the prices of 6 stocks rose, 3 declined and 7 remained unchanged, leading with the Composite Index falling 0.82 points to 1,409.98. The All T&T Index gained 0.85 points to 1,766.77, while the Cross Listed Index fell 0.35 points to close at 142.71.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 8 stocks with bids lower than their last selling prices and one with a lower offer.
Gains| Ansa McAl jumped 91 cents and completed trading at $54.91, after exchanging 751 shares, Clico Investment Fund rose 15 cents to end at $24.20, with investors switching the ownership of 193,955 stock units, JMMB Group traded 10,000 shares after rising 5 cents to end at $2.20. Republic Financial closed at a 52 weeks’ high of $125.50 after an increase of 49 cents with 122 units changing hands, Scotiabank gained 28 cents and completed trading of 2,249 units at $59.75 and West Indian Tobacco added 28 cents and settled at $102.28, with investors exchanging 749 shares.
Losses| First Caribbean International Bank lost 25 cents to close at $8.25, with investors exchanging 2,111 shares, Trinidad & Tobago NGL slipped 3 cents in trading just 19 shares to close at $25.42 and Trinidad Cement fell 5 cents to close at a 52 weeks’ low of $1.90 in swapping 11,000 shares.
Firm Trades| First Citizens Bank settled at $41.85, with 764 stock units trading, Grace Kennedy concluded trading of 21,000 units at $3.48, Guardian Holdings closed at $18.50, after exchanging 2,706 shares. Massy Holdings exchanged 435 shares and closed at $56.05, NCB Financial ended at $10.75, with 17,058 units crossing the exchange, Sagicor Financial closed at $10.68, with 3,518 stock units changing hands and Unilever Caribbean completed market activity at $23.50, with investors exchanging 1,022 shares.

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

 

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

Big jump in JSE main market index

November 12, 2019 by

The bounce in JSE main market continues and is poised to move higher.

The All Jamaican Composite Index soared 6,520.42 points to close at 553,783.03, the JSE Index advanced 5,843.29 points to 504,211.92 and the JSE Financial Index gained 1.40 points to close at 136.70.
The market closed with 38 securities changing hands in the main and US dollar markets with 12 advancing, 15 declining and 11 trading firm. Main market activity ended with 35 securities trading, accounting for 14,472,152 units valued at $103,787,768 in contrast to 33,964,316 units valued at $265,890,078 on Monday from 37 securities.
Sagicor Select Funds dominated trading with 6.9 million shares for 48 percent of total volume, followed by Wigton Windfarm with 4.1 million units accounting for 28 percent of the day’s trade and QWI Investments with 1.8 million shares for 12 percent of stocks traded.
The market closed with an average of 413,490 units at $2,965,365 for each security traded, in contrast to 917,954 units at an average of $7,186,218 on Monday. The average volume and value for the month to date amounts to 403,342 units valued at $3,699,001 and previously, 402,092 units at $3,802,123 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 12 stocks ending with bids higher than their last selling prices and 3 with lower offers. The PE ratio of the market ended at 16.7 with the main market at 17.4 times 2019 current year’s earnings.
In main market activity, Barita Investments gained 80 cents to close at $71 with 10,393 shares changing hands, BergerPaints ended at $18.50, after adding 50 cents trading 7,000 stock units, Eppley Caribbean Property Fund dropped $1.99 to settle at $35, with 6,000 units crossing the exchange. Grace Kennedy closed 31 cents lower to $67, in swapping 17,324 shares, Jamaica Broilers lost 98 cents to close at $35.02, after exchanging 41,351 stock units, Jamaica Producers climbed $2.50 to end at $24 trading 78,607 shares after the company posted results with a doubling in the third-quarter profit. Kingston Wharves advanced to $60, after climbing $3 with 150 units traded, on positive third-quarter results, Mayberry Equities added 30 cents to close at $11.30 after exchanging 7,017 stock units, NCB Financial ended at $209, after losing $1 in swapping 234,698 shares. PanJam Investment climbed $3.85 to $102.85, with 5,100 units changing hands, Portland JSX lost 50 cents to close at $8.50 while exchanging 100 units. Seprod settled at $51, after losing $2 from swapping 8,225 shares, Supreme Ventures added 50 cents, ending the day’s trade at $26.50 with 32,600 shares changing hands and Victoria Mutual Investments closed 39 cents lower to settle at $7.60 trading 94,354 shares.
Trading in the US dollar market closed with 80,977 units valued at US$22,298, with the market climbing 3.93 points to close at 198.49. Proven Investments traded 69,615 units to close at 30 US cents, Sygnus Credit Investments closed at 14 US cents with 10,467 units changing hands and JMMB Group 5.75% preference share exchanged 895 units and ended the day’s trade at US$2.02.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Sharp jump in TTSE trades – Tuesday

November 12, 2019 by

A sharp rise in the level of trading resulted in more TT$48 million going after 2 million shares on Trinidad & Tobago Stock Exchange on Tuesday with Clico Investment Fund accounting for more than 90 percent.
Trading resulted in a big jump in the number securities changing hands to 20 securities compared to 10 securities on Monday, leading to 2,059,370 shares crossing the exchange for $48,279,467 compared to 73,786 stocks trading for a mere $577,401, on Monday.
At the close of the market, the prices of 3 stocks rose, 6 declined and 11 remained unchanged, leading with the Composite Index rising 1.40 points to 1,410.80. The All T&T Index lost 1.31 points to end at 1,765.92, while the Cross Listed Index added 0.57 points to close at 143.06.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 4 stocks with bids lower than their last selling prices and 2 with lower offers.
Gains| JMMB Group gained 7 cents after exchanging 86,950 shares to end at $2.15, Point Lisas added 2 cents to close at $3.60, with 5,000 stock units trading and Republic Financial inched 1 cent higher and exchanged 6,933 shares at $125.01.
Losses| Ansa McAl closed with a loss of 91 cents and completed trading 241 units at a 52 weeks’ low of $54, Clico Investment Fund fell 2 cents to $24.05, with 1,854,234 stock units changing hands, National Flour lost 1 cent to $1.48, with 1,394 units crossing the exchange. Trinidad & Tobago NGL slipped 4 cents in exchanging 75,031 shares to close at $25.45, Unilever Caribbean dropped 50 cents and settled at $23.50, with 214 units clearing the market and West Indian Tobacco declined by 28 cents and closed at $102, with an exchange of 250 stock units.
Firm Trades| First Caribbean International Bank completed trading of 4,233 stock units at $8.50, First Citizens Bank settled at $41.85, with 3,291 units crossing the exchange, Grace Kennedy ended at $3.48, with 100 stock units changing hands. Guardian Holdings closed at $18.50, in swapping 6,500 shares, Massy Holdings exchanged 708 shares at $56.05, National Enterprises ended at $5.76, after trading 221 stock units, NCB Financial settled at $10.75, with a change in the ownership of 2,000 shares. Prestige Holdings closed at $8.10, with 90 units crossing the exchange, Sagicor Financial ended at $10.68, after exchanging 8,298 shares, Scotiabank settled at $59.47, with investors exchanging 3,582 shares and Trinidad Cement completed trading 100 stock units at $1.95.

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

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

Rebounding JSE main market?

November 11, 2019 by

The JSE’s main market is on the rebound.

Investors continued to be mildly aggressive for a second straight day pushing all major indices on the Jamaica Stock Exchange on Monday to their highest levels since October 23, as the market appears to be on a rebound heading towards year-end.
Market activity ended with 40 securities changing hands in the main and US dollar markets with 18 advancing, 15 declining and 7 trading firm, resulting in the All Jamaican Composite Index climbing 2,272.30 points to 547,262.61. The JSE Index gained 2,054.60 points to 498,368.63 and the JSE Financial Index inched 0.49 points higher to 135.30.
Main market activity ended with 37 securities trading and accounting for 33,964,316 units valued at $265,890,078 in contrast to 16,549,353 units valued at $101,400,917 on Friday from 36 securities.
Wigton Windfarm dominated trading with 22.5 million shares for 66 percent of total volume, followed by Sagicor Select Funds with 7 million units accounting for 21 percent of the day’s trade and Caribbean Cement with 1 million units for 3 percent stocks changing hands.
The market closed with an average of 917,954 units valued at an average of $7,186,218 for each security traded, in contrast to 459,704 units valued at an average of $2,816,692 on Friday. The average volume and value for the month to date amounts to 402,092 units valued at $3,802,123 and previously, an average of 324,817 units valued at $3,211,502 for each security changing hands. The market closed October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 13 stocks ending with bids higher than their last selling prices and 6 with lower offers. The PE ratio of the market ended at 16.7, with the main market ending at 17.3 times 2019 current year’s earnings.
In main market activity, Berger Paints lost 50 cents to close at $18, after a mere 472 units crossed the exchange, Caribbean Cement ended at $77, losing $1.50 in trading 1,023,294 shares, Grace Kennedy closed 31 cents higher at $67.31 with 2,427 shares changing hands. Jamaica Broilers added 30 cents to settle at $36, with 3,100 units traded, Jamaica Producers lost 50 cents and ended at $21.50, in swapping 126,626 shares. Jamaica Stock Exchange rose to close at $31.98, after gaining 98 cents in exchanging 51,503 shares. Mayberry Equities gained 90 cents to close at $11 trading 135,530 shares, NCB Financial settled at $210, after climbing $5.05 after trading 548,908 units, 138 Student Living dropped $1.15 to close at $2.85  with 55,237 passing through the exchange, PanJam Investment rose $1.50 to $99, after the swapping of 22,018 shares. Proven Investments dropped $2 to $45 with 1,000 units trading, Sagicor Group gained $1, settling at $65 after exchanging 263,622 shares, Salada Foods ended the day’s trade at $30, after losing $2.50 with 3,500 units traded. Scotia Group added 30 cents, rising to $55.30 with 63,427 changing hands, Seprod settled at $53 with gains of 49 cents from swapping 65,402 shares, Stanley Motta closed 58 cents higher to $6, after trading 4,850 units. Supreme Ventures gained 50 cents to end the day at $26 after exchanging 51,484 shares and Victoria Mutual Investments closed 99 cents higher to settle at $7.99 with 55,150 shares changing hands.
Trading in the US dollar market closed with 107.522 units valued at US$27,532, with the market gaining 0.94 points to end at 194.56. Proven Investments exchanged 101,622 units at 52 weeks’ high of 30 US cents, after rising 3.99 US cents, Sygnus Credit Investments closed at 14 US cents after trading 5,800 units and Sterling Investments ended at 2.4 US cents with 100 units changing hands.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Two new entries to IC TOP 10

November 10, 2019 by

Back in IC TOP 10

The vast majority of listed companies on the Jamaica Stock Exchange will be releasing quarterly results by the end of the week and that could result in significant price movements for some. The major moves should apply mostly in the Junior Market that has several undervalued stocks.
The main market TOP 10 has two new additions this week with Pulse Investments surging back into the list with robust first-quarter results, suggesting that profit for the year could reach 50 cents per share.  Scotia Group also returned to the top flight while Eppley and Proven Investments exited the listing. There was no change to the Junior Market TOP 10 list.
The top three Junior Market stocks continue to be led by Caribbean Producers with projected gains of 254 percent, followed by Iron Rock Insurance with a potential rise of 232 percent and Main Event with 221 percent.
Radio Jamaica remains the lead stock with projected gains of 170 percent, followed by Carreras in the number two spot with likely increases of 106 percent and Berger Paints with projected growth of 95 percent is next.
The main market closed the week with the overall PE of 17.6, up from 17.2 and the Junior Market at 12.1 from 11.8, based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 7.5, with the main market PE at 10.6.
The TOP 10 stocks now trade at a discount of 38 percent to the average for Junior Market stocks and main market stocks trade at a discount of 40 percent to the overall market.
IC TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, along with the PE ratio for each company’s current fiscal year are used in determining potential gains with the likely gains ranked in descending order with highest-ranked being the most attractive. The increased values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
This report is compiled by persons who may have an interest in the securities commented on.

Filed Under: Buy Rated Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

Bounce for JSE main market

November 8, 2019 by

The main market of the Jamaica Stock Exchange rebounded with a sizable uptick in the major indices, fueled by higher volume and value than the previous day’s levels.
At the close, the JSE All Jamaican Composite Index jumped 3,064.94 points to close at 544,990.31, the JSE Index climbed 2,772.23 points to 496,314.03 and the JSE Financial Index gained 1.51 points to end at 134.81.
The market closed with 37 securities changing hands in the main and US dollar markets with 15 rising, 8 declining and 14 trading firm. Main market activity ended with 36 securities accounting for 16,549,353 units valued at $101,400,917 in contrast to 13,816,242 units valued at just $50,442,551 on Thursday from 33 securities.
Sagicor Select Funds dominated trading with 6.6 million shares for 40 percent of total volume, followed by Radio Jamaica with 4.3 million units accounting for 26 percent of the day’s trade and Wigton Windfarm with 2.6 million shares for 16 percent of shares changing hands. QWI Investments closed at a new low of $1.02 to 23 percent below its net asset value of $1.32.
The market closed with an average of 459,704 units valued at an average of $2,816,692 for each security traded, in contrast to 418,674 units valued at an average of $1,528,562 on Thursday. The average volume and value for the month to date amounts to 324,817 units valued at $3,211,502 and previously, an average of 361,820 units valued at $3,292,259 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 13 stocks ending with bids higher than their last selling prices and 4 with lower offers. The PE ratio of the market ended at 17.1, with the primary market ending at 18 times 2019 current year’s earnings.
In main market activity, Barita Investments gained $1.02 to close at $70.02 trading 17,701 shares, Berger Paints added 50 cents to settle at $18.50, after exchanging 3,600 shares, Carreras traded 611,160 shares, rising by 29 cents to $8.74. Eppley Caribbean Property Fund closed at $37, after gaining $1.87 with 2,640 shares changing hands. Grace Kennedy ended at $67, losing 50 cents trading 15,132 stock units, Jamaica Broilers gained 70 cents to settle at $35.70, with 3,375 units crossing the exchange, JMMB Group rose to $43, after gaining 99 cents in swapping 36,657 shares. MPC Caribbean Clean Energy plunged $25 to $230 in trading 504 units, PanJam Investment dropped $5.25 to $97.50, with an exchange of 1,000 stock units, Portland JSX Fund gained 90 cents in swapping 100 units at $9. Salada Foods ended the day’s trade at $32.50 rising $2.50 with 1,000 units crossing the exchange, Scotia Group advanced $1.50 to $55, after exchanging 808,733 shares and Victoria Mutual Investments closed $1 lower to settle at $7 with 77,650 shares changing hands.
Trading in the US dollar market closed with 12,566 units valued at US$1,758, with the market remaining at 193.62. Sygnus Credit Investments, the sole trade ended the day unchanged at 14 US cents.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,