20 JSE stocks rose – Wednesday

September 14, 2016 by

Advancing stocks outnumber declining ones on Wednesday almost 2 to 1.

Advancing stocks outnumber declining ones on Wednesday almost 2 to 1.

Jamaican main market stocks, slipped on a day when the number of securities rose close to record levels, for the overall market on Wednesday. Trading led to the prices of 20 securities gaining out of a total of 46 that traded, with 13 declining in the overall market, including 6 stocks rising and 7 falling, in the junior market.
At the close of the market to 6,452,961 units valued at $39,142,493, changed hands, compared to the 3,862,389 units valued at $14,970,110 changing hands on Tuesday. The junior market accounted for 3,294,451 units valued at $15,960,574 of the total traded on Wednesday.
At the close of trading, the JSE Market Index declined 230.01 points to end at 159,370.56. The all Jamaica Composite Index fell 257.23 points to close at 177,066.34 and the JSE combined index lost 129.39 points, to end at 171,162.18.
ICI JSE sum 14-09-16At the close, IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 11 stocks with bids higher than their last selling prices and 4 with lower offers, suggesting continued fluidity in price movements immediately ahead.
In market activity, Berger Paints traded 29,614 units and rose 6 cents to end at $5.05, investors picked up just 255,635 units of Cable & Wireless, the price rose 1 cent in closing at 80 cents, Caribbean Cement traded 19,195 shares to close with a gain of 59 cents at $26.59. Carreras traded 6,001 shares and fell 42 cents to close at $65.60, Investors traded 51,984 shares of 1834 Investments to close with a loss of 1 cent at $1.24, Grace Kennedy ended at $41.45, with 5,982 shares changing hand, Jamaica Broilers lost 20 cents with 91,362 shares changing hands, to end at $14.55. Jamaica Producers ended at $8.50 with 34,510 units trading, Jamaica Stock Exchange ended at $26.50 while trading 5,000 shares, JMMB Group traded 24,877 units and fell 10 cents to $9.90. Kingston Wharves fell $1.20 in trading 1,032 shares to close at $16.20, Mayberry Investments ended with 535,795 shares trading at $3.50, National Commercial Bank had 7,738 units changing hands, to close with a gain of $1.15 at $40.25, trading in shares of 138 Student Living, ended with 641,007 units changing hands, to gain 20 cents at the close at $4.70. Pan Jamaican Investments gained 40 cents and closed at $24.40 after trading 123,656 shares, ICI JSE fn qt 14-09-16Radio Jamaica closed at $1.40 after 5,000 shares changed hands, Sagicor Group traded 44,896 shares while rising 50 cents to close at $23.10, Sagicor Real Estate Fund traded 16,000 shares to close with a gain of 20 cents at $10.35. Scotia Group closed with a gain of 50 cents at $30.50 with 112,598 shares changing hands, Scotia Investments had 196,976 units changing hands at $26, Seprod gained 1 cent to close at $19.51 with 5,000 shares trading, Supreme Ventures dipped 23 cents with 57,000 units changing hands to close at $4.75. JMMB Group 7.50% preference share rose 1 cent in trading 377,528 units to close at $1.09 and Jamaica Money Market Brokers 7.50% preference share closed with 500,000 units changing hands for a 1 cent rise to $2.09.

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

19 JSE stocks rose on Tuesday

September 13, 2016 by

Exchange place Jamaican stocks recovered some of the losses of the past two trading days with all three main market indices rising over 1,270 points when the market closed on Tuesday with the advance declining ratio be positive close two to one. The volume of stocks trading more than doubled, the volume traded on Monday, as the volume in Cable & Wireless climbed 230 percent to 2.1 million.
At the close of the market to 3,862,389 units valued at $14,970,110, compared to the 1,421,290 units valued at $14,318,294 changing hands on Monday. The junior market accounted for 531,125 units valued at $2,288,358 of the total traded on Tuesday.
At the close of trading, the JSE Market Index jumped 1,531.08 points to end at 159,600.57. The all Jamaica Composite Index surged 1,712.27 points to close at 177,323.57 and the JSE combined index climbed 1,272.91 points, to end at 171,291.57.
ICI JSE sum 13-09-16At the close, the prices of 19 securities gained out of a total of 33 that traded, with 11 declining in the overall market, including 7 stocks rising and 2 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 13 stocks with bids higher than their last selling prices and 8 with lower offers, suggesting continued fluidity in price movements ahead.
In market activity, Berger Paints traded 19,410 units and lost 1 cent to end at $4.99, investors picked up 2,134,925 units of Cable & Wireless gained 4 cents in closing at 79 cents as the stock gained some support at these lower levels. Caribbean Cement traded 62,686 shares to close with a gain of 40 cents at $26, Carreras traded 2,955 shares and gained 2 cents to close at $66.02, Investors traded 74,479 shares of 1834 Investments to close 15 cents higher at $1.25, Grace Kennedy rose 15 cents and ended at $41.45, with 37,527 shares changing hands. Jamaica Broilers rose 23 cents with 121,227 shares changing hands, to end at $14.75. Jamaica Producers ended with a loss of 9 cents at $8.50 with 16,259 units trading, JMMB Group traded 15,188 units and rose 15 cents to $10. Kingston Wharves gained 40 cents in trading 44,675 shares to close at $17.40, National Commercial Bank had 22,790 units changing hands to close with a loss of $1 at $39, Pan Jamaican Investments fell 50 cents and closed at $24 after trading 40,560 shares.ICI JSE fn qt 13-09-16 Portland JSX closed at $11 with 15,450 shares changing hands, Radio Jamaica lost 2 cents to close at $1.40 after 84,764 shares changed hands, Sagicor Group traded 24,100 shares while rising 10 cents to close at $22.60, Sagicor Real Estate Fund traded 12,524 shares to close with a loss of 5 at $10.15. Scotia Group closed at $30 with 26,885 shares changing hands, Scotia Investments climbed 50 cents with 4,280 units changing hands at $26, Supreme Ventures gained 22 cents with 2,000 units changing hands to close at $4.98, Proven Investments traded 3,125 units to close at 19 US cents and JMMB Group 7.50% preference share lost 2 cents in trading 563,355 units to close at $1.08.

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4 stocks rise 3 fall on TTSE on Tuesday

September 13, 2016 by

TTSE build Trading activity on the Trinidad and Tobago stock market closed Tuesday with gains in the two of the market indices. Volume traded fell back below 350,000 units changing hands. At the close 10 securities changed hands, just 4 rose, 3 fell while 3 remained unchanged.
Market activity ended with 332,193 shares valued at $5,056,419 changing hands, up from the $3,107,756 traded on Monday. The Composite Index fell 0.42 points to close at 1,155.43, the All T&T Index fell 1.08 points to close at 1,816.06 and the Cross Listed Index ended with a gain of 0.03 points to 65.88.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 7 stocks with bids higher than their last selling prices and 5 with offers that were lower.
Gains| National Enterprises rose 10 cents and closed with just 200 shares changing hands at $10.50, Sagicor Financial Corporation rose 2 cents to close with 3,706 shares changing hands at $6.60. Scotiabank gained 3 cents and closed with 10,100 shares, valued at $581,902, changing hands at $57.63 and West Indian Tobacco traded 7,042 shares with a value of $894,334 to close at a 52 weeks high of $127.
TTSE sum 13-9-16 Losses| Ansa McAl lost 70 cents and traded 4,601 units to close at a 52 weeks’ low of $62, Clico Investment Fund closed with 15,420 shares valued at $348,624 changing hands, and lost 4 cents to end at $22.60 and Guardian Holdings lost 21 cents and ended with 205,214 shares, for a value of $2,626,739 changing hands to end at $12.80.
Firm Trades| First Citizens traded 2,168 units at $35, Grace Kennedy ended with 33,000 shares trading at $2.52 and National Commercial Bank ended with 50,742 shares changing hands to close at $2.64.

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Mayberry active in insider trades

September 13, 2016 by

MILMayberry Investments is one of the listed companies in which there are regular trades done by insiders, the period since August into September have a number of moderate trades. Mayberry Investments has traded heavily in LASCO Financial Services shares recently to top up their holdings.
A connected party of Mayberry Investments purchased 15,766 shares on September 2, 10,500 shares on September 1. A related party purchased 13,289 shares on August 31, while on August 30. Directors trading in the company’s stocks include a purchase of 60,000 shares and sale of 10,000 shares on August 3 and purchase of 2,000 shares on August 15, 37,300 shares on August 10 and 73,539 shares on August 10-18. A sale of 19,496 shares on August 22, 11,000 shares on August 11, 10,000 shares on August 10, while another 21,000 shares were sold on August 10-11.
Mayberry Investments was the main buyer of LASCO Financial Services shares recently in an effort to up their holdings to maintain their 20 percent holding in light of an increase in the issued shares in connection with the staff option plan an informed source told IC Insider. The inside trades resulted from a connected party purchasing 552,729 of the company’s shares on September 2, while on August 24, a connected party sold 37,480 shares and a connected party purchased 701,234 shares.
A connected party of Caribbean Producers sold 54,074 CPJ shares on September 7 and on September 1 connected parties sold a combined total of 3,245,289 shares.
TCL 2An Officer of Trinidad Cement purchased through the TCL’s Employee Share Ownership Plan 107,715 TCL shares on September 6 and a related party sold 15,000 TCL shares over the period August 16-18.
A National Commercial Bank, related parties purchased 27,664 shares on August 30. Parties connected with Blue Power Group purchased 48,421 shares during the period June 30 to August 18 and sold 2,000 shares on August 18.
A Supreme Ventures connected party sold 8,000,000 shares and another sold 1,223,602 shares on August 3 and August 16, respectively. A connected party sold 838,345 shares and a member of the Senior Management purchased 12,465 shares on September 8.
A Director has sold 50,000 Honey Bun shares on August 22 and on August 12 a director sold 10,050 shares and an Eppley connected party sold 121,667 shares in the company on August 12.

Filed Under: Company News, Insider Trades Tagged With: , , , , , , ,

Active insider trading since August

September 13, 2016 by

Sagicor Group HQ -Insiders been buying & selling the stock recently.

Sagicor Group HQ -Insiders been buying & selling the stock recently.

Trades done by parties connected with companies may carry coded messages as to likely future performance of the companies. Not all trades may have much meaning but some could indicate increased profits or a company they may consider undervalued in the case of buying and in the case of sales, it could be that profit going forward may be disappointing and may suggest the company may be overvalued by the market.
In the past some of the trades in the local market have not sent any known information when viewed against developments in the companies subsequent to the trades by insiders. In the case of a few of the listed companies investors are well advised to pay attention.
Insiders’ trade in August and September to date, are as listed below trades the various companies reported to the Jamaica Stock Exchange.
Sagicor – There was slightly more buying than selling of shares in Sagicor Group. A related party of the Sagicor Group purchased 71,716 shares on September 7 and 9, and a member of the Senior Management sold 70,000 shares on September 9, while two executives sold 155,000 shares on September 1, and related parties purchased in total 240,075 shares between September 1 and 2. An Executive sold 82,700 shares and related parties purchased 99,046 of the group’s shares, between August 29 and 30.
A connected party purchased 152,750 of the group’s shares on August 26, while a related party purchased 48,650 shares on August 22, and a director sold 173,800 shares on August 15, while another director purchased 2,350 shares on August 15, and a director sold 165,000 shares on August 16, while a director purchased 236,250 shares on August 16.
JMMB logo KbA JMMB Group connected party sold 1,000,000 of the company’s shares September 7 and a connected party sold 9,000 shares on August 18.
A Jetcon Corporation connected party purchased 199,800 shares on September 6 and 72,964 shares on August 22, while a related party purchased 152,699 shares and connected parties purchased a total of 279,735 shares on August 16-17.
Company Executives purchased 24,633 and 29,240 Caribbean Cement shares on September 1 and a Senior Manager purchased 300 shares on August 17.
At Grace Kennedy, a senior officer sold 75,144 shares on August 29 and 30. Jamaica Stock Exchange saw connected parties purchasing 8,234 and 18,034 shares on August 31, while a director purchased 2,000 shares on August 18.

Filed Under: Company News, Insider Trades Tagged With: , , , , , , ,

5 stocks rise on TTSE on Monday

September 12, 2016 by

Angostura Holdings ended with 10,300 shares changing hands to close unchanged at $14.

Angostura Holdings ended with 10,300 shares changing hands to close unchanged at $14.

Trading activity on the Trinidad and Tobago stock market closed Monday with gains in the two of the market indices. Volume traded fell back below 100,000 units changing hands. At the close just 16 securities changed hands, just 5 rose, 3 fell while 8 remained unchanged.
Market activity ended with 98,192 shares valued at $3,107,756 changing hands, up from the $1,194,344 traded on Friday.
The Composite Index rose 0.04 points to close at 1,155.85, the All T&T Index rose 0.15 points to close at 1,817.14 and the Cross Listed Index ended flat at 65.85.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 8 stocks with bids higher than their last selling prices and 3 with offers that were lower.
Gains| Grace Kennedy ended with 5,529 shares trading as the price gained 1 cent to $2.52, National Flour rose 1 cent and ended with 3,200 shares changing hands to close at $2.41, Prestige Holdings had 2,500 shares changing hands and rose 5 cents to end at $10.85. Sagicor Financial Corporation closed with 14,284 shares changing hands and gained 6 cents to $6.58, and Trinidad and Tobago NGL closed at $23.70 with 16,541 units with a value of $392,462 trading, after rising 1 cent.
Losses| Ansa McAl lost 30 cents and traded 12 units at $62.70, Massy Holdings lost 4 cents and ended with 300 shares changing hands to end at $54.95 and National Commercial Bank ended with 3,160 shares changing hands to close at $2.64, with a gain of 10 cents.
TTSE sum 12-9-16 Firm Trades| Angostura Holdings ended with 10,300 shares changing hands to close unchanged at $14, Ansa Merchant Bank traded 3,304 units to end at $40.01, Clico Investment Fund closed with 17,303 shares valued at $391,740 changing hands, to end at $22.64. First Citizens traded 4,222 units at $35, Republic Financial Holdings ended with 25 shares changing hands at $109.99, Scotiabank closed with 1,554 shares changing hands at $57.60, West Indian Tobacco traded 12,958 shares with a value of $1,636,855 to close $126.32 and L.J. Williams B share closed with 3,000 shares changing hands close at 72 cents after.

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JSE stocks drop again on Monday

September 12, 2016 by

NCB gained $1 on Monday.

NCB gained $1 on Monday.

Jamaican stocks continued to record losses in continuation of the fall on Friday with the market closing on Monday with slightly more losses than gains, leading to falls in the market indices. The volume of stocks trading dropped sharply by the close of the market to 1,421,290 units valued at $14,318,294, compared to the 3,924,169 units valued at $39,797,286 changing hands on Friday.
The junior market accounted for 314,520 units valued at $1,453,100 of the total traded on Monday.
At the close of trading, the JSE Market Index sank 603.84 points to end at 158,069.49. The all Jamaica Composite Index dropped 675.29 points to close at 175,611.30 and the JSE combined index dived 516.84 points, to end at 170,018.66.
At the close, the prices of 9 securities gained out of a total of 35 that traded, with 12 declining in the overall market, including 2 stocks rising and 4 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the ICI JSE sum 12-09-16Investor’s Choice bid-offer indicator reading showed 14 stocks with bids higher than their last selling prices and 7 with lower offers, suggesting continued fluidity in price movements ahead.
In market activity, Barita Investments traded 8,500 units at $3.11, investors picked up 647,500 units of Cable & Wireless between the closing price of 75 cents and 80 cents during trading but the stock remains weak at the close, with lots of selling and little buying interest. Caribbean Cement traded 1,000 shares to close with a gain of 10 cents at $25.60, Carreras traded 895 shares and gained 30 cents to close at $66, Grace Kennedy dropped 15 cents and ended at $41.30, with 144,333 shares changing hands. Jamaica Broilers had 3,169 shares changing hands, to end at $14.52. Jamaica Producers ended with a loss of 9 cents at $8.41 with 20,124 units trading, JMMB Group traded 17,612 units and lost 3 cents to $9.85. ICI JSE fn qt 12-09-16Kingston Wharves fell 40 cents in trading 16,529 shares to close at $17, National Commercial Bank had 8,540 units changing hands to close with a gain of $1 at $40, Pan Jamaican Investments rose 50 cents and closed at $24.50 after trading 38,157 shares. Radio Jamaica rose 2 cents to close at $1.42 after 5,736 shares that changed hands, Sagicor Group traded 7,000 shares while rising 9 cents to close at $22.50, Sagicor Real Estate Fund traded 30,700 shares to close at $10.20, Scotia Group climbed 95 cents to close at $30 with 66,000 shares changing hands. Scotia Investments dropped 45 cents with 58,572 units changing hands at $25.50, Sterling Investments traded 5,000 units but fell 15 cents to $14, Supreme Ventures had 17,844 units changing hands at $4.76 and Proven Investments traded 5,201 units to close at 19.87 US cents.

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

The top 5 major & junior stocks

September 10, 2016 by

Barita is the top IC Insider's stock for growth over the next 12 months in the main market.

Barita is the top IC Insider’s stock for growth over the next 12 months in the main market.

Barita Investments looks like the stock to deliver the best returns in the main market of the Jamaica Stock Exchange and Medical Disposables the stock to deliver the best returns in the medium term, in the junior market, according to data compiled by IC Insider.com.
IC Insider starts a new feature that highlights the top 5 stocks IC Insider’s selection for gains over the next several months based on the latest earnings forecast for the current fiscal year for each company.Investors should bear in mind that companies with September year ends will have a head start on companies with later ending period as the earlier year end will result in two sets of results between now and early 2017, thus giving investors an early look into what 2017 earnings will look like. The stocks in the list may surprise many but detailed look at their financials paint a far better picture than the stock prices may currently be telling. These stocks are selling well below the market average and even more so against their potential. Top 5 jm-mm -09-9-16The two stocks at the top of both listing may surprise many, but they should not. In the case of Medical Disposables revenues are growing close to 50 percent increase as new products are added, this growth is expected to boost gross profit at levels that should out pace increase in cost. Barita Investments is undergoing change and this has driven up fee income sharply which is replacing interest income formerly generated form the repo business. Barita has built up a large pool of unrealized gain on investments which can be released to profit for 2016.
The list is likely to be updated on a weekly basis which is likely to see stocks being added or removed on an ongoing basis.

Filed Under: Breaking News, Feature Stories, Stocks to watch Tagged With: , , , , , , , ,

17 JSE stocks drop on Friday

September 9, 2016 by

Scotia Group dropped $1.95& helped to pull the market index down on Friday

Scotia Group dropped $1.95& helped to pull the market index down on Friday

Jamaican stocks suffered reversal from the gains on Thursday to end Friday with much more losses than gains. On Friday with falling prices outnumbered advancing stocks more than 2 to 1 leading to big falls in the market indices.
At the close of trading, the JSE Market Index sank 1,160.22 points to end at 158,673.33. The all Jamaica Composite Index dropped 1297.53 points to close at 176,286.59 and the JSE combined index dived 1,308.51 points, to end at 170,535.50.
The volume of stocks trading dropped sharply on Friday, with 3,924,169 units valued at $39,797,286, compared to the 6,839,351 units valued at just $23,033,975 changing hands on Thursday. Cable & Wireless dominated trading volume on Thursday with 3.9 million units but traded less than 400,000 shares on Friday.
The junior market accounted for 844,487 units valued at $5,439,011 of the total traded on Friday.
ICI JSE sum 9-09-16At the close of the market prices of just 7 securities gained out of a total of 33 that traded, with 17 declining in the overall market, including 5 stocks rising and 4 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 13 stocks with bids higher than their last selling prices and 6 with lower offers, suggesting continued fluidity in price movements ahead.
In market activity, Berger Paints traded 27,267 shares to end at $5, investors slashed the price of Cable & Wireless by 20 percent, taking it down by 19 cents with 356,419 shares changing hands, to close at 75 cents, the stock remains weak at the close, with lots of selling and little buying interest. Caribbean Cement traded 25,874 shares to close at $25.50, Carreras traded 1,690 shares and fell 77 cents to close at $65.70, The price of 1834 Investments dropped 15 cents in trading at 518,765 shares to end at $1.10, Grace Kennedy dropped $1.54 and ended at $41.45, with 67,952 shares changing hands. Jamaica Broilers had 126,487 shares changing hands, to end with a loss of 8 cents at $14.52. Jamaica Producers ICI JSE fn qt 9-09-16ended at $8.50 with 229,519 units trading, JMMB Group traded 275,597 units and lost 7 cents to $9.88. Kingston Wharves rose $1.30 in trading 9,998 shares to close at $17.40, Mayberry Investments ended with 509,928 shares trading to close at $3.50, National Commercial Bank had 37,402 units changing hands to close with a loss of $1 at $39, Pan Jamaican Investments fell 30 cents and closed at $24 after trading 2,705 shares. Radio Jamaica fell 8 cents to close at $1.40 after 42,764 shares changed hands, Sagicor Group traded 82,050 shares while easing 9 cents off the old price to close at $22.41, Sagicor Real Estate Fund traded 30,540 shares to close at $10.20, Scotia Group dropped $1.95 to close at $29.05 with 549,708 shares changing hands. Scotia Investments had 13,579 units changing hands at $26, Seprod traded 5,400 units but fell $1 to $19.50, Supreme Ventures had 161,905 units changing hands and rose 1 cent to $4.76 and Proven Investments traded 4,133 units to close at 19.87 US cents.

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

TTSE slips on Friday

September 9, 2016 by

stocks Trading activity on the Trinidad and Tobago stock market closed Friday with losses in the three market indices. Volume traded fell back from 732,985 units changing hands on Thursday only 89,258. At the close just 9 securities changed hands, just 2 rose, 4 fell while 3 remained unchanged.
Market activity ended with 133,041 shares valued at $1,194,344 changing hands, down from the $3,195,862 traded on Thursday.
The Composite Index declined 0.30 points to close at 1,155.81, the All T&T Index rose 0.41 points to close at 1,816.99 and the Cross Listed Index ended down by 0.14 points at 65.85.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 8 stocks with bids higher than their last selling prices and 6 with offers that were lower.
Gains| Scotiabank gained 3 cents and closed with 1,890 shares changing hands at $57.60 and TTSE sum 9-9-16Trinidad and Tobago NGL closed at $23.69 with 26,671 units with a value of $631,820 trading, after rising 18 cents.
Losses| Bourse Brazil Latin Fund lost $1.40 and ended with 1,000 shares changing hands at $8.10 for a 52 weeks’ low, Clico Investment Fund closed with 4,745 shares changing hands, to end 1 cent lower at $22.64, Grace Kennedy ended with 68,440 shares trading as the price slipped 5 cents to $2.51 and L.J. Williams B share closed with 27,000 shares changing hands close at a 52 weeks’ low of 72 cents after slipping by 12 cents.
Firm Trades| First Citizens traded 2,170 units at $35, Guardian Holdings had 1,025 shares changing hands to end at $13.01 and Republic Financial Holdings ended with 100 shares changing hands at $109.99.

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