JSE Main Market drops

January 6, 2021 by

More stocks fell than rose after a moderate decline in the number of shares trading on Wednesday than on Tuesday on the Jamaica Stock Exchange Main Market ended trading with the market index declining.
The All Jamaican Composite Index declined 1,915.87 points to 432,200.51, the Main Index shed 1,479.72 points to 394,361.46 and the JSE Financial Index lost 0.36 points to settle at 102.54.
Trading ended with 46 securities changing hands, the same as on Tuesday and closed, with prices of 17 stocks rising, 22 declining and seven remaining unchanged. The average PE Ratio closed at 16.8 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 8,061,938 shares for $33,788,624 compared to 8,821,156 units at $30,320,380 on Tuesday. QWI Investments led trading with 27.2 percent of total volume for 2.19 million shares followed by Transjamaican Highway with 17.1 percent for 1.38 million units and Wigton Windfarm with 13.3 percent market share for 1.07 million units.
Trading for the day averaged 175,260 units at $734,535 for each security, versus an average of 191,764 shares at $659,139 on Tuesday. The month to date averaged 167,441 units at $622,172 for each security, in contrast to 163,489 units at $565,374 on the prior trading day. December ended with an average of 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator reading has seven stocks ending with bids higher than their last selling prices and seven with lower offers.
As the market closed, Barita Investments climbed $1.01 to $85, with an exchange of 52,601 shares, Caribbean Cement shed 80 cents to close at $60.40, exchanging 2,257 units, Eppley Caribbean Property Fund climbed $4.43 to $44.43, with investors swapping 1,465 units. First Rock Capital rose 84 cents to $12.90, after exchanging 1,344 units, Grace Kennedy fell $1.75 to $64 trading 14,661 stock units. Jamaica Producers shed 51 cents ending at $20, with 976 units changing hands. Jamaica Stock Exchange dropped 39 cents to $19.91 after 13,500 stock units changed hands. JMMB Group fell by 60 cents to $32, with an exchange of 170,087 shares, MPC Caribbean Clean Energy shed 50 cents trading 125 units to finish at $157, NCB Financial climbed $5 to $144, in crossing the market with 5,344 units. 138 Student Living gained 51 cents to end at $4.88, with 329 units crossing the market, Palace Amusement dropped $193.99 to close at $1,106, with an exchange of 11 units, Pan Jam Investment declined by 80 cents to $74.20, in trading 1,337 units, Proven Investments gained 40 cents to close at $34.40 with 18,941 stock units changing hands. Stanley Motta closed at $5, with a loss of 48 cents exchanging 1,700 units. Supreme Ventures was down 34 cents to $17.56 with the transfer of 55,921 shares, Sygnus Credit Investments gained 34 cents to settle at $16.94, with investors swapping 27,623 shares and Victoria Mutual Investments gained 32 cents to end at $5.99 trading 1,900 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

Gains continue for JSE Main Market

January 5, 2021 by

Stocks resumed their upward climb on the Jamaica Stock Exchange Main Market in trading on Tuesday with the total value of stock trading rising 44 percent as 46 percent more shares were exchanged than on Monday.
At the close, the All Jamaican Composite Index advanced by 1,670.78 points to 434,116.38, the Main Index rose 1,257.61 points to 395,841.18 and the JSE Financial Index gained 0.83 points to end at 102.90.
Trading ended with 46 securities changing hands compared to 45 on Monday and closed with prices of 17 stocks rising, 19 declining and 10 remaining unchanged. The PE Ratio closed with an average of 16.7 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 8,821,156 shares for $30,320,380 up from 6,056,307 units at $21,128,624 on Monday. Sagicor Select Financial Fund led trading with 30.6 percent of total volume for 2.7 million shares followed by Transjamaican Highway with 20.5 percent for 1.81 million units, Wigton Windfarm accounted for 15.3 percent, with 1.35 million units and QWI Investments with 14.4 percent and 1.27 million units changing hands.
The day’s trades averaged 191,764 units at $659,139 for each security compared to an average of 134,585 shares at $469,525 on Monday. The month to date averaged 163,489 units at $565,374 for each security. December ended with an average of 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator reading has eight stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments rose 99 cents to $83.99, in trading 13,252 shares, Caribbean Cement climbed $2.70 to $61.20, after 18,617 stock units crossed the market, Eppley advanced by $2.99 to $27.99 trading 103 units. Eppley Caribbean Property Fund dropped $4.75 to $40 after exchanging 3,507 stock units, First Rock Capital shed 84 cents to end at $12.06, with 77,141 shares crossing the exchange, Grace Kennedy rose $1.90 to $65.75, as investors switched 52,116 shares. Jamaica Producers slipped 49 cents to $20.51, after exchanging 3,825 units, Jamaica Stock Exchange rose 38 cents to $20.30 trading 126 units. JMMB Group fell $1.40 to close at $32.60, in switching ownership of 27,492 stock units, Key Insurance gained 34 cents to settle at $6.35, with investors swapping 67,302 shares, MPC Caribbean Clean Energy advanced $4.50 to $157.50, with 871 units changing hands, NCB Financial dropped $4.50 in closing at $139, in a transfer of 19,907 units. 138 Student Living shed 47 cents to close at $4.37 exchanging 107 units, Proven Investments declined by $1.01 to close at $34, after crossing the exchange with 31,112 shares, Salada Foods climbed $1 to $30, after exchanging 6,010 units. Scotia Group shed 70 cents to close at $44.25, with an exchange of 24,970 stock units and Wisynco Group shed 47 cents to close at $16.05 trading 103,159 shares.
In the preference segment, 138 Student Living preference share rose 80 cents to $6.70, in exchanging 5,000 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

JSE Main Market drops

January 4, 2021 by

Trading started the new-year on a negative note on the Jamaica Stock Exchange Main Market on Monday with the market Index declining after an exchange of 85 percent fewer shares than on Thursday with the values down 98 percent and declining stocks beat advancing ones on a 2 to 1 ratio.
At the close, the All Jamaican Composite Index dipped 1,075.49 points to 432,445.60, the Main Index dropped 1,031.36 points to 394,583.57 and the JSE Financial Index lost 0.02 points to settle at 102.07.
Trading ended with 45 securities changing hands compared to 47 on Thursday and closed with prices of 12 stocks rising, 24 declining and nine remaining unchanged. The PE Ratio closed with an average of 17 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading ended with 6,056,307 shares at $21,128,624 versus 39,602,360 units at $1,040,390,883 on Thursday.
Transjamaican Highway led with 25.1 percent of total volume in trading 1.52 million shares, followed by Wigton Windfarm with 23.2 percent for 1.4 million units and QWI Investments, with 18.2 percent market share for 1.1 million units.
Trading for the day averaged 134,585 units at $469,525 for each security compared to an average of 842,603 shares at $22,135,976 on Thursday. December ended with an average of 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator reading has six stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of the market, Barita Investments advanced by $3 to $83 in an exchange of 3,906 shares, Caribbean Cement dropped $4.50 to $58.50, after 1,744 units crossed the exchange, Eppley shed $3 to $25, exchanging 32,134 stocks. Eppley Caribbean Property Fund declined by $4.25 to close at $44.75 trading 1,502 shares, First Rock Capital rose 26 cents to $12.90, in exchanging 5,781 units, Grace Kennedy shed 65 cents to close at $63.85, with investors swapping 42,191 stock units. Jamaica Broilers slipped 42 cents to $29.53, trading 8,937 stocks, JMMB Group lost $2.50 to end at $34, with an exchange of 9,138 units. Kingston Wharves gained 26 cents to close at $47.15, with 10,855 stock units changing hands, Mayberry Investments lost 20 cents in an exchange of 16,901 units to end at $5.80, NCB Financial rose $1.50 to $143.50 trading 4,190 shares. Pan Jam Investment climbed $8.97 to $74.99, after crossing the market with 19,678 stock units, Proven Investments shed 79 cents to close at $35.01, with 8,415 units changing hands. Sagicor Group gained 50 cents to end at $50.50, in exchanging 12,901 units, Sagicor Real Estate Fund shed 74 cents ending at $8.25, in trading 2,963 shares, Salada Foods shed $1 in closing at $29 trading 410 units. Scotia Group gained 70 cents to close at $44.95, after 17,262 stock units changed hands, Sygnus Credit Investments rose 29 cents to settle at $16.76, trading 37,047 shares. Victoria Mutual Investments slipped 35 cents to $5.65, trading 61,267 shares and Wisynco Group declined 98 cents to $16.52 after exchanging 31,231 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

JSE Main market drops 23% in 2020

December 31, 2020 by

The Jamaica Stock Exchange Main Market ended trading on Thursday with the market rising after more stocks recorded gains than those declining but ended the year down 22.6 percent as the coronavirus disrupted financial markets locally and worldwide.
The local market has recovered some 16 percent of the losses suffered up to March 25, but the gains so far are some way off the start of the year. At the close, the All Jamaican Composite Index rose 2,252.56 points to close at 433,521.09, the Main Index gained 2,013.69 points to close at 395,614.93 and the JSE Financial Index lost 0.16 points to end at 102.09.
For a second consecutive day, trading ended with 47 securities changing hands and ended with prices of 19 stocks rising, prices of 16 declining and 12 remaining unchanged. The PE Ratio closed with an average of 17.3 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 39,602,360 shares, 37 percent more than Wednesday as $1,040,390,883 chased after investment in the market. On Wednesday, 28,868,187 units traded at $558,644,139. Transjamaican Highway led trading with 25.7 percent of total volume in trading 10.20 million shares, PanJam Investment followed with 25.3 percent and 10.01 million shares, Pulse Investments with 16.7 percent for 6.62 million units. Wisynco Group ended with 6.4 percent market shares from 2.53 million units, JMMB Group 6.2 percent with 2.5 million units, Barita Investments 4 percent with 1.59 million units and Wigton Windfarm 3.9 percent market share with 1.54 million units.
The day’s trades averaged 842,603 units at $22,135,976 compared to 614,217 shares at $11,886,046 on Wednesday. The month to date averaged 455,206 units at $7,774,631, compared to 435,836 units at $7,056,564 on Wednesday. November ended with an average of 623,120 units at $6,686,047.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of the market, Barita Investments lost $6.70 to end at $80 trading 1,589,442 stock units, Caribbean Cement rose $1 in closing at $63, with 137,215 shares changing hands, Eppley Caribbean Property Fundfell 34 cents to $49 trading 5,145 units. Grace Kennedy climbed $1.06 to $64.50 after clearing the market with 197,048 stock units, Jamaica Producers shed 40 cents in ending at $21, with 4,061 shares changing hands, JMMB Group advanced $2.53 to $36.50 in an exchange of 2,476,532 stock units. MPC Caribbean Clean Energy dropped $5 to close at $153 in switching ownership of 12 units, NCB Financial declined by $3 to $142 in exchanging 6,748 stocks, PanJam Investment shed $2.13 in closing at $66.02 and trading 10,010,704 shares. Pulse Investments increased 36 cents to $4.50 in switching ownership of 6,616,355 stock units, Sagicor Group lost $1 in closing at $50 and finished trading 19,340 stocks, Salada Foods rose $2.75 to $30, trading 130,001 stock units. Scotia Group lost 70 cents to end at $44.25 after 17,576 units crossed the exchange, Sygnus Credit Investments climbed $1.07 in closing at $16.47 with investors swapping 75,710 shares, Wisynco Group increased by $1 to $17.50 in trading 2,527,199 stock units.
In the preference segment, Eppley 7.5% preference share advanced $1 to $7 after exchanging 3,478 stock units and Eppley 8.25% fell by $1 to $6 with an exchange of 900 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

JSE Main Market rises again

December 30, 2020 by

The Jamaica Stock Exchange Main Market ended trading on Wednesday with the market rising after rising stocks outnumbered declining ones by a big margin after the trading volume was just marginally lower than on Tuesday.

JSE Index heading higher into the new year.

The All Jamaican Composite Index rose 1,936.76 points to close at 431,268.53, the Main Index rose 1,848.12 points to 393,601.24 and the JSE Financial Index shed 0.10 points to end at 102.25.
Trading closed with 47 securities compared to 45 on Tuesday and ended with prices of 26 stocks rising, 15 declining and six remaining unchanged. The PE Ratio averages 17.3 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading closed with 28,868,187 shares for $558,644,139 compared to 29,337,011 units at $299,861,101 on Tuesday. Transjamaican Highway led trading with 29.9 percent of total volume after 8.62 million shares were traded, followed by Eppley Caribbean Property Fund with 26.1 percent after 7.53 million units changing hands. Wigton Windfarm controlled 9.3 percent market share with 2.67 million shares, Community & Workers Credit Union 8.7 percent with 2.52 million units, Wisynco Group 4.3 percent with 1.23 million units, Carreras controlled 4.1 percent of total volume with 1.2 million units and Sagicor Group with 1.09 million units for 3.8 percent market share.

Trading for the day averaged 614,217 units at $11,886,046 for each security, compared to an average of 651,934 shares at $6,663,580 on Tuesday. Trading month to date averages 435,836 units at $7,056,56, in contrast to 426,447 units at $6,802,380 on Wednesday. November ended with an average of 623,120 units at $6,686,047.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments fell 30 cents to end at $86.70 in an exchange of 563,202 shares, Caribbean Cement gained $2 to end at $62 while trading 68,927 units, Carreras advanced 31 cents to $7.30, with 1,195,301 units changing hands. Eppley gained $1.50 in closing at $28, with 5,399 stocks changing hands, Eppley Caribbean Property Fund increased $2.34 to $49.34 with the swapping of 7,532,916 units, Grace Kennedy climbed $2.44 to $63.44 in an exchange of 122,778 shares. JMMB Group advanced $2.22 to $33.97 in trading 41,143 stocks, Key Insurance shed 69 cents to close at $5.90 in switching 183,834 stock units, Kingston Wharves carved out a gain of $2.33 in closing at $46.85 trading 216 shares. Margaritaville dived  $13.23 to $43 in an exchange of 855 units, Mayberry Investments lost 31 cents to close at $5.77 trading 132,619 stock units, MPC Caribbean Clean Energy climbed $22.99 to $158 in an exchange of 729 units. NCB Financial gained $3 to close at $145 with an exchange of  34,603 stock units, Radio Jamaica climbed 33 cents to $1.68 in exchanging 766,452 shares, Sagicor Group climbed 60 cents to $51 while trading 1,086,033 stock units. Scotia Group increased $1.44 in closing at $44.95 with 6,540 shares changing hands, Seprod declined by $1.50 to $65 after exchanging 38,172 units and Stanley Motta climbed 60 cents to $5.50 in transferring ownership of 275,734 stocks.
In the preference segment, Productive Business Solutions 9.75% Preference share gained $8 in closing at a 52 weeks’ high of $110 in trading 10 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

JSE Main Market slips on Tuesday

December 29, 2020 by

The Jamaica Stock Exchange Main Market ended trading on Tuesday with the market after rising stocks just edged out declining ones after an exchange of 42 percent fewer shares than on Monday.
The All Jamaican Composite Index lost 528.44 points to close at 429,331.77, the JSE Main Index shed 550.89 points to end at 391,753.12 and the JSE Financial Index shed 0.11 points to settle at 102.35.
Trading ended with 45 securities changing hands compared to 47 on Monday with prices of 17 stocks rising, 16 declining and 12 remaining unchanged. The PE Ratio closed with an average of 17.1 based on ICInsider.com’s forecast of 2020-21 earnings.
At he market’s close 29,337,011 shares traded for $299,861,101 compared to 50,531,916 units at $293,507,250 on Monday.
Wigton Windfarm led trading with 36.5 percent of total volume after an exchange of 10.71 million shares, Sagicor Real Estate Fund followed with 20.5 percent for 6 million units, Transjamaican Highway preference share, 9.7 percent market share with 2.83 million units. Wisynco Group with 2.34 million units for 8 percent of the day’s trades, Transjamaican Highway 6.4 percent with 1.87 million units and Kingston Wharves with 1.56 million units for 5.3 percent market share.

The day’s trading averaged 651,934 units at $6,663,580 for each security, versus 1,075,147 shares at $6,244,835 on Monday. Trading month to date averaged 426,447 units at $6,802,380 for each security, compared to 414,481 units at $6,809,746 on the prior trading day. November ended with an average of 623,120 units at $6,686,047.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and five with lower offers.
At the close of the market, Barita Investments advanced $3.42 to $87 in trading 765,781 shares, Caribbean Cement lost $1.55 in closing at $60 with 257,378 stock units changing hands, Eppley climbed $1.45 to $26.50 trading 159 stocks. Eppley Caribbean Property Fund gained $2 to close at $47 while exchanging 11,000 units, Jamaica Producers rose 44 cents to $21.44 trading 16,580 stock units, JMMB Group lost $1.75 to close at $31.75, with 652,592 shares crossing the market. Kingston Wharves dropped $1.28 to $44.52, trading 1,557,609 units, Mayberry Jamaican Equities shed 50 cents to end at $7.75 in switching ownership of 2,214 shares, NCB Financial lost $2 to settle at $142, with 10,669 units crossing the exchange, Sagicor Group carved out a gain of 41 cents to close at $50.40 after clearing the market with 55,992 shares, Sagicor Real Estate Fund climbed $1.25 to $9 while exchanging 6,000,641 shares. Salada Foods gained $4.10 in closing at $27.25 after trading 100 shares, Scotia Group lost $1.44 to settle at $43.51, with 37,260 stocks crossing the exchange and Sygnus Credit Investments fell 50 cents to close at $15.50 in trading 142,589 shares.
In the preference segment, 138 Student Living Preference share increased $1.25 in ending at $5.90, with 4,000 stock units crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

3rd day of gains for JSE Main market

December 28, 2020 by

Stocks recorded gains for a third day on the Jamaica Stock Exchange Main Market at the end of trading on Monday, with the market rising after an exchange of 170 percent more shares than on Thursday.
At the close, the All Jamaican Composite Index carved out a gain of 379.52 points to settle at 429,860.21, the Main Index rose 402.18 points to settle at 392,304.01 and the JSE Financial Index inched 0.29 points to settle at 102.46.
Trading ended with 47 securities changing hands compared to 44 on Thursday with prices of 18 stocks rising, 13 declining and 16 remaining unchanged. The PE Ratio closed with an average of 16.9 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors exchanged 50,531,916 shares for $293,507,250 compared to 18,744,767 units at $218,336,612 on Thursday. Wigton Windfarm led trading in accounting for 57.7 percent of total volume with 29.16 million shares, followed by Sagicor Real Estate Fund with 23.8 percent after trading 12.01 million units. Transjamaican Highway controlled 5.8 percent of the day’s volume, with 2.95 million units, Grace Kennedy 2.4 percent with 1.19 million units and Scotia Group with 2.3 percent market share after an exchange of 1.15 million shares.
Trading for the day averaged 1,075,147 units at $6,244,835  for each security, compared to an average of 426,017 shares at $4,962,196 on Thursday. Trading month to date averaged 414,481 units at $6,809,746 for each security, in contrast to 375,716 units at $6,842,893 on the prior trading day. November trading averaged 623,120 units at $6,686,047.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of trading, Caribbean Cement gained $1.55 in closing at $61.55 in an exchange of 4,053 shares, Eppley shed $2.95 to $25.05 in an exchange of 9,999 stock units, First Rock Capital carved out a loss of 30 cents to settle at $12.55 in exchanging 5,600 units. Grace Kennedy lost $1.11 to settle at $61 after 1,192,625 shares crossed the market,  Jamaica Broilers advanced 90 cents to $29.90 with investors swapping 5,845 stock units, Jamaica Producers rose 50 cents to $21 after trading 5,723 shares. JMMB Group shed 50 cents to end at $33.50 with investors swapping 26,573 units, NCB Financial gained $2.50 to close at $144 in switching ownership of 2,977 stock units, PanJam Investment rose $2.65 to $68.15 4,878 units changing hands. Sagicor Group advanced 99 cents to $49.99 after 580,544 shares cleared the market, Salada Foods dropped $5.84 to close at $23.15 trading 1,000 units, Supreme Ventures declined by 37 cents to $17.50 after 19,428 stock units crossed the exchange. Victoria Mutual Investments climbed 35 cents to close at $6 with an exchange of 643,937 stocks and Wisynco Group rose 50 cents to $16.30, with 259,786 shares crossing the market.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

More big price changes for IC TOP10

December 27, 2020 by

Last week, the Junior Market continued to move higher, closing higher than the prior week as the market index continues to flirt with the 2,600 points mark ahead of breaking higher and ended at the highest weekly close since mid-August as the bullish golden cross takes full hold on the market to launch a big rally.

Carreras stock price rose 14% during the past week.

In the process of the Junior and Main Market rising this past week, it ended with no new change to the TOP10 lists but there were some price movements of note during the week. Caribbean Producers having fell to $2.74 in the previous week rebounded 5 percent this past week to $2.89, while Lasco Financial lost 9 percent to close at $2.50.
The JSE Main Market rose to the highest level in nine trading days, during the week as it targets the 450,000 points level on the All Jamaica Composite Index in the next few weeks. Two stocks on the TOP10 made good gains in the week. Carreras that has lied in the top tier for some time, finally made a move, with a rise of 14 percent to $7.35 and now sits at no 6 spot, on the list. Radio Jamaica climbed another 13 percent this week, as sellers are less visible, with buyers pushing the price to $1.45 for a rise of 33 percent in just three weeks.
This week’s focus: The long awaited initial public offer of shares by Alliance Finance was announced this past week, with an offer for existing shareholders to sell 1.15 billion shares at $1.59 each. The prospectus containing details of the offer was released this past Wednesday, with the opening date of December 28. Other issues already announced are Sygnus Credit Investments, scheduled to close Wednesday gone, is extended to December 28. The original closing date was not convenient for some investors as the Christmas season placed pressure on some to meet the deadline. Key Insurance the smallest of the lot with a rights issue opens on December 28 and Derrimon Trading opens on January 8. Sygnus Credit Investments appears to be the best value offering with a PE below 10 times earnings.
The top three stocks in the Junior Market with the potential to gain between 220 to 350 percent by March 2021 are Caribbean Producers, followed by Elite Diagnostic and Lasco Financial, with Jamaican Teas slipping to 4th place. With expected gains of 133 to 221 percent, the top three Main Market stocks are, Berger Paints followed by Scotia Group and Grace Kennedy.
The local stock market’s targeted average PE ratio is 20 based on profits of companies reporting full year’s results, from now to the second quarter in 2021. The Junior and Main markets are currently trading well below the market average, indicating strong gains ahead. The JSE Main Market ended the week, with an overall PE of 16.4 and the Junior Market 14, based on ICInsider.com’s projected 2020-21 earnings. The PE ratio for the Junior Market Top 10 stocks average a mere 7.2 at just 52 percent of the market average. The Main Market TOP 10 stocks trade at a PE of 9.3 or 57 percent of the PE of that market.
The average projected gain for the Junior Market IC TOP 10 stocks is 194 percent and 121 percent for the JSE Main Market, based on 2020-21 earnings. IC TOP10 stocks are likely to deliver the best returns up to March 2021 and ranked in order of potential gains, based on likely gain for each company, taking into account the earnings and PE ratios for the current fiscal year.  Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. Revisions to earnings per share are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

 

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

Santa left presents at the JSE main market

December 24, 2020 by

Gifts were left at the Jamaica Stock Exchange Main Market on Thursday but they did not satisfy all, but the market closed after rising stocks were just squeezed out by those declining after an exchange of 24 percent fewer shares at 55 percent increased value changed hands than on Wednesday.
At the close, the All Jamaican Composite Index surged 5,262.81 points to 429,480.69, the Main Index jumped 4,683.95 points to end at 391,901.83 and the JSE Financial Index increased 1.53 points to settle at 102.17.
Trading ended with 44 securities changing hands compared to 48 on Wednesday and ended with prices of 15 stocks rising, 17 declining and 12 remaining unchanged. The PE Ratio closed at an average of 16.9 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with 18,744,767 shares trading at $218,336,612 compared to 24,549,135 units at $140,421,055 on Wednesday. Sagicor Real Estate Fund led trading with 32 percent of the volume, with 6.01 million shares, followed by Transjamaican Highway with 22.6 percent after 4.24 million units traded, Wigton Windfarm accounted for 14.5 percent, with 2.71 million shares and Scotia Group controlled 5.9 percent of stocks traded with 1.11 million units changing hands.
Trading for the day averaged 426,017 units at $4,962,196 for each security, compared to an average of 511,440 shares at $2,925,439 on Wednesday. The month to date average resulted in 375,716 units at $6,842,893 for each security, compared to 372,792 units at $6,952,207 on the prior trading day. November averaged 623,120 units at $6,686,047.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of trading, Barita Investments declined 39 cents to $83.58 after 18,659 shares crossed the market, Caribbean Cement lost $2 to end at $60 after exchanging 3,124 stocks, Carreras gained 35 cents to end at $7.35 after trading 267,663 shares. Eppley gained $3 to end at $28 in swapping 13,039 stocks, Eppley Caribbean Property Fund rose by 49 cents to $44.99 in trading 890 stock units, Grace Kennedy lost $8.41 to close at $62.11, with 969,427 stock units changing hands. Jamaica Producers lost 50 cents to end at $20.50 after exchanging 73,566 shares, JMMB Group climbed $1.01 in closing at $34 and trading 174,744 units, MPC Caribbean Clean Energy carved out a loss of $10 to end at $135 with an exchange of 150 stocks. NCB Financial rose $1.50 to $141.50 while exchanging 35,029 stock units, PanJam Investment shed $2.20 to end at $65.50 after 11,725 shares crossed the exchange, Sagicor Group carved out a loss of 50 cents and ended at $49 after trading 106,746 stocks. Seprod gained 50 cents to settle at $66.50 exchanging 1,664 units and Sygnus Credit Investments lost 90 cents to end at $16, with 206,274 shares changing hands.
In the preference segment, Eppley 7.5% preference share lost $1 in ending at $6 with an exchange of 3,000 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

JSE Main Market pre-Christmas rally

December 23, 2020 by

Trading on Wednesday, resulting in an almost even split between rising and declining stocks on the Jamaica Stock Exchange Main Market after the volume of shares exchanged was marginally lower than on Tuesday.
At the close, the All Jamaican Composite Index rose 1,881.19 points to settle at 424,217.88, the Main Index climbed 1,702.34 points to 387,217.88 and the JSE Financial Index added 0.44 points to close at 100.64.
Trading ended with 48 securities changing hands compared to 46 on Tuesday and ended with prices of 20 stocks rising, 21 declining and seven ending unchanged. The PE Ratio closed with an average of 16.9 based on ICInsider.com’s forecast of 2020-21 earnings.
The market saw trading of 24,549,135 shares for $140,421,055 down from 24,954,720 units at $310,333,709 on Tuesday. Wigton Windfarm led trading with 44.7 percent of total volume after trading 10.98 million shares, followed by Sagicor Real Estate Fund with 25.5 percent for 6.27 million units, Transjamaican Highway 8.7 percent market share with 2.14 million units, QWI Investments 5.6 percent with 1.4 million units and Sagicor Select Financial Fund 4.7 percent market share with 1.15 million units.
Trading on Wednesday averaged 511,440 units at $2,925,439 for each security, compared to an average of 542,494 shares at $6,746,385 on Tuesday. Trading month to date averaged 372,792 units at $6,952,207 for each security, in contrast to 363,405 units at $7,224,823 on the prior trading day. November ended with an average of 623,120 units at $6,686,047.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of the market, Barita Investments carved out a gain of 57 cents to close at $83.97, with an exchange of 53,075 shares, Berger Paints lost 55 cents in ending at $14, with 2,926 stock units crossing the market, Caribbean Cement climbed $5 to $62 with 19,192 units clearing the market. Carreras gained 41 cents to close at $7, trading 615,139 stocks, with the bid at $7.10, to purchase 256,243 shares at the close, Eppley fell $3.90 to end at $25 in exchanging 11,000 shares. Grace Kennedy jumped $7.52 to close at $70.52 with 175,952 shares crossing the exchange, but 175,952 units of the stock were offered for sale at $63.85 at the close. Jamaica Broilers rose $2.74 to $28.99 in switching ownership of 37,777 shares, Jamaica Stock Exchange gained 40 cents to close at $19.80, with 1,758 stock units changing hands. Kingston Wharves declined by $1.09 to $45.80 after exchanging 385 units, Mayberry Investments increased 38 cents to $6.15 in trading 12,925 stock units, NCB Financial shed $4.97 in ending at $140 with 128,875 stocks crossing the exchange. 138 Student Living increased 51 cents in closing at $4.86 and exchanging 1,838 shares, Palace Amusement rose $100 to $1300 after exchanging 16 units,  Portland JSX climbed $1.50 to $9.50 exchanging 800 shares, Sagicor Real Estate Fund rose 47 cents to close at $7.75, with 6,265,503 stocks crossing the exchange. Salada Foods climbed $5.72 to $28.74 in an exchange of one share, Scotia Group increased $2.49 to $45 in trading 703,239 stocks and Sygnus Credit Investments advanced 90 cents to $16.90 while trading 21,929 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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