JSE Main Market stocks drop

September 7, 2020 by

The Jamaica Stock Exchange Main Market ended trading on Monday, with the market declining after more stocks rising than falling after investors exchanged 70 percent more shares than on Friday.
At the close, the All Jamaican Composite Index declined by 2,285.96 points to 399,962.52, the Main Index lost 2,070.30 points to 365,030.47, while the JSE Financial Index shed 0.92 points to close at 96.17.
Trading ended with 42 securities changing hands compared to 44 on Friday, with the prices of 18 stocks rising, 14 declining and 10 remaining unchanged. The average PE Ratio ended at 15.1 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 10,157,738 shares for $50,769,890 compared to 5,964,029 units at $91,497,143 on Friday. TransJamaican Highway led trading with 6.48 million shares for 63.8 percent of total volume, followed by Wigton Windfarm with 1.61 million units for 15.8 percent of the day’s trade and Wisynco Group with 675,706 units for 6.7 percent market share.
Trading ended with an average of 241,851 units changing hands at $1,208,807 for each security, in comparison to an average of 135,587 shares at $2,080,159 on Friday. The average trade for the month to date ended at 200,398 units at $1,436,123 for each security, in contrast to 190,097 units at $1,492,616. Trading month to date compares adversely to August’s average of 497,441 units at $3,201,918.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows ten stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Barita Investments fell $1.75 in closing at $55.25 after exchanging 1,001 units, Berger Paints ended at $11, with a loss of $1, with 3,450 stock units changing hands, Caribbean Cement dropped $3.72 to settle at $43.27 trading 19,873 stock units. Eppley lost 50 cents in an exchange of 21,175 shares to end at $24, Eppley Caribbean Property Fund shed 94 cents to settle at $48, with 26,461 shares clearing the market, First Rock Capital finished at $12.50, after losing 68 cents trading 32,376 shares. Grace Kennedy advanced $1.49, ending at $57 with investors swapping 6,241 units, Jamaica Broilers gained 70 cents in closing at $25.45, with an exchange of 21,865 stock units, Jamaica Stock Exchange declined by $3 to settle at $18 after 101,669 shares changed hands. JMMB Group shed 49 cents to end at $29.51, in exchanging 143,462 stock units, Kingston Properties advanced $1.20 to $7.50 with an exchange of 15 stock units, Kingston Wharves gained 50 cents, trading 9,008 units to end at $48. Mayberry Jamaican Equities rose 50 cents to $8.50, with 133,975 shares changing hands,  MPC Caribbean Clean Energy climbed $5 to $155 and cleared the market with 549 units, NCB Financial fell $1.40 to $135.60, in exchanging 11,126 stock units. Proven Investments lost $1.85 to end at $34.15, after trading 2,105 units, Seprod dropped $2 to settle at $51 with investors switching ownership of  215,510 shares, Sterling Investments gained 30 cents ending at $3.20, with 62,334 stock units crossing the exchange and Sygnus Credit Investments climbed $1.75 to close at $16.80 trading 38,323 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 stocks in post-election rise

September 4, 2020 by

More stocks fell than rose, Jamaica Stock Exchange Main Market, the day after the national election was held in the country, returning the governing party to office, with a strong mandate for another five years, winning 49 of the 63 seats up for grabs.
At the close, the All Jamaican Composite Index advanced 980.40 points to 402,248.48, the Main Index rose 858.57 points to 367,100.77 and the JSE Financial Index added 0.25 points to close at 97.09.
Trading ended with 44 securities changing hands compared to 38 on  Thursday, with the prices of 10 stocks rising, 21 stocks declining 13 remaining unchanged. One stock closed at an all-time high and one at an all-time low. The average PE Ratio of the market ended at 15.1 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with fewer shares than on Thursday, in an exchange of 5,965,849  shares for $91,526,991 compared to 7,819,711 units at $77,429,738 on Thursday. Wigton Windfarm led trading with 1.15 million shares for 19.2 percent of total volume, followed by Sagicor Select Financial Fund with 1.08 million units for 18.2 percent of the day’s trade and Wisynco Group with 1.06 million units for 17.9 percent market share.
Trading ended with an average of 135,587 units changing hands at  $2,080,159 for each security, in comparison to an average of 205,782  shares at  $2,037,625 on Thursday. The average trade for the month to date ended at 190,096  units at $1,492,616 for each security, in contrast to  209,284 units at $1,423,922. Trading month to date compares adversely to August’s average of 497,441 units at $3,201,918.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows six stocks ending with bids higher than their last selling prices and one with lower offers.
At the close of the market, Berger Paints rose $1.10 to settle at $12 in exchanging  16,422 shares, Eppley climbed  $2.50 in closing at an all-time high of $24.50, with 12,797 stock units passing through the market, Eppley Caribbean Property Fund shed 81 cents to end at $48.94, in trading 10,501 units. First Rock Capital advanced by $1.28 to $13.18, with an exchange of 249 units, Grace Kennedy dropped $1.49, ending at $55.51 with a transfer of 311,465 shares, JMMB Group ended 90 cents lower to settle at $30 trading 118,235 shares. Key Insurance declined by $1.05 to settle at $8.10, in transferring 19,595 stock units, Kingston Properties fell by $1.39 to $6.30, while exchanging  100 units, Kingston Wharves closed $2.50 higher at $47.50, with an exchange of 8,801 units. NCB Financial declined $2 to $137, trading 194,240  shares, Portland JSX fell $1.48, in ending at $7.02 with 100 units changing hands. Salada Foods closed at $28, with a loss of $1 after trading 426 shares. Scotia Group climbed $1.98 to $48, with investors switching the ownership of 50 stocks, Seprod declined $2 to settle at $53, in exchanging 2,119 units, Supreme Ventures gained 31 cents to close $13.81, in transferring 8,819 stock units and Sygnus Credit Investments lost 30 cents to close at $15.05, with 5,368 stock units crossing the market.
In the preference segment, Productive Business Solutions 9.75% Preference share declined by $15 to settle at an all-time low of $80 in trading 1,000 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 gets election day bounce

September 3, 2020 by

With Thursday, being the day of Jamaica’s general election, the Jamaica Stock Exchange Main Market ended trading, rose with an equal number of stocks rising and falling, with seven percent more shares exchanged, with 90 percent greater value than on Wednesday.
At the close, the All Jamaican Composite Index surged by 1,988.44 points to 401,268.08. The Main Index climbed 1,851.55 points to close at 366,242.20. The JSE Financial Index gained 0.62 points to close at 96.84.
Trading ended with 38 securities changing hands compared to 45  on Wednesday, with the prices of 15 stocks rising, 15 declining and eight remaining unchanged. The average PE Ratio of the market ended at 15.4 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 7,819,711 shares for $77,429,738  compared to 7,341,364 units at $40,755,755 on Wednesday.
Wigton Windfarm led trading with 3.9 million shares for 50 percent of total volume, followed by Scotia Group with 1.18 million units for 15 percent of the day’s trade and Transjamaican Highway with 853,461 units for 11 percent market share.
Trading ended with an average of 205,782 units changing hands at  $2,037,625 for each security, in comparison to an average of 163,141  shares at  $905,683 on Wednesday. The average trade for the month to date ended at 209,284 units at $1,423,922 for each security, in contrast to  210,813 units at $957,419. Trading month to date compares adversely to August’s average of 497,441 units at $3,201,918.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows five stocks ending with bids higher than their last selling prices and seven with lower offers.
At the close of the market, Barita Investments jumped $3.50 to $57, trading 5,972 units, Caribbean Cement climbed $3.95 to $46.99, with investors switching ownership of 15,423 stock units, First Rock Capital shed 60 cents to close at $11.90 and 8,500  units passing through the market. Jamaica Producers fell $1 to $21, with 5,106 units crossing the market, JMMB Group rose  97 cents to close at $30.50, while transferring 41,850 shares. Key Insurance rose $1.94 to settle at $9.15, in an exchange of 184,302 shares, Kingston harves advanced to $45, with gains of $1 trading 7,600 units, NCB Financial ended 50 cents higher at  $138.01 with investors swapping 38,808 shares. PanJam Investment carved out an increase of $1 to settle at $70 in trading 450 units, Sagicor Group gained 77 cents to close at $44.77 after exchanging  63,545 units. Scotia Group ended with a loss of 71 cents to end at  $46.02, in clearing the market with 1,184,453 shares, Seprod gained 50 cents to finish at $55, trading  4,895 units and Supreme Ventures lost 30 cents ending at $13.50, with 5,173 units changing hands.
In the preference segment of the market, Community & Workers Credit Union preference shares gained 28 cents in trading 11,500 units to close at $1.98.

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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Winning stocks lift JSE Main Market

September 2, 2020 by

The Jamaica Stock Exchange Main Market ended trading on Wednesday with a modest rise after shares gaining outnumbered those falling by a near two to one ratio after an exchange of 33 percent fewer shares with 96 percent of the value of stocks traded on Tuesday.
At the close, the All Jamaican Composite Index gained 884.00 points to close at 399,279.64, the Main Index advanced 900.71 points to 364,390.65 and the JSE Financial Index gained 0.27 points to close at 96.22.
Trading ended with 45 securities changing hands compared to 42  on Tuesday, with the prices of 21 stocks rising, 12  declining and 12 remaining unchanged. The average PE Ratio of the market ended at 15.4 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 7,341,364 shares for $40,755,755  compared to 10,999,409 units at $42,539,683 on Tuesday. QWI Investments led trading with 2.54 million shares for 34.6 percent of total volume, followed  Wigton Windfarm with 1.48 million units for 20.2 percent of the day’s trade and Sagicor Select Financial Fund with 647,235 units for 8.8 percent market share.
Trading ended with an average of 163,141 units changing hands for the day at $905,683 for each security, in comparison to an average of 261,891 shares at $1,012,850 on Tuesday. The average trade for the month to date is 210,813  units at $957,419 for each security. Trading month to date compares adversely to August’s average of 497,441 units at $3,201,918.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows four stocks ending with bids higher than their last selling prices and five with lower offers.
At the close of the market, Barita Investments advanced $1 to settle at $53.50, with an exchange of 9,486 stock units, Eppley dropped $2 to settle at $22, in transferring  574 units. Eppley Caribbean Property Fund climbed $2.90 to $49.90, in an exchange of  3,256 stock units, First Rock Capital rose 97 cents to close at $12.50 in trading  32,400 shares, Grace Kennedy gained 55 cents, after ending at $57 with 52,708 shares clearing the market. Jamaica Broilers Group shed 90 cents to end at $24.60 with investors switching ownership of 29,852 shares, Jamaica Producers Group advanced to $22, with gains of $2 and 32,899 shares changing hands, Key Insurance lost 34 cents to end at $7.21, with 5,536 stock units changing hands. Kingston Properties climbed  $1.52 and ended at $7.69, in trading 4,282 stock units, Kingston Wharves rose $2 to settle at $44 with investors swapping 9,554 stock units, NCB Financial Group climbed $2.50  to end at $138.50, in trading 58,879 shares. PanJam Investment rose $2.50 to settle at $69, after exchanging 955 units,  Seprod gained 50 cents in ending at $54.50, with 7,685 stock units passing through the market and Wisynco Group picked up 50 cents to close at $16.50 and 77,995 shares changing hands.
In the preference segment of the Main Market, Community & Workers Credit Union shed 30 cents to close at $1.70 as just 84 units changed hands.

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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Big drop for JSE main market

September 1, 2020 by

The Jamaica Stock Exchange Main Market suffered a sharp fall at the close of trading on Tuesday with just a few stocks rising compared that that fell on a day there were 54 percent fewer shares changing hands than on Monday.
At the close, the All Jamaican Composite Index dropped 7,335.15 points to 398,395.64, the Main Index declined by 6,792.78 points to 363,489.94 and the JSE Financial Index shed 1.74 points to close at 95.95.
Trading ended with 42 securities changing hands compared to 38 on Monday, with the prices of nine stocks rising, 26  declining and seven remaining unchanged. The average PE Ratio of the market ended at 15 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 10,999,409 shares for $42,539,683  compared to  24,003,466 units at $161,278,819 on Monday.  Wigton Windfarm led trading with 5.77 million shares for 52.4 percent of total volume, followed by Transjamaican Highway with 1.62 million units for 14.8 percent of the day’s trade and Carreras with 1.01 million units for 9.2 percent market share.
Trading ended with an average of 261,891 units changing hands at  $1,012,850 for each security, in comparison to an average of 631,670 shares at $4,244,179 on Monday. Trading in August averaged   497,441 units at $3,201,918.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows four stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of the market, Barita Investments lost 50 cents, trading 1,171 shares in closing at $52.50, Caribbean Cement dropped $4 to $43, in exchanging 11,608 stock units, Eppley Caribbean Property Fund fell $2.75 to $47, with 109,021 shares clearing the market. First Rock Capital ended  47 cents lower at $11.53, in transferring 591 units, Jamaica Broilers Group gained 50 cents to settle at $25.50 after exchanging 9,326 stock units, Jamaica Producers Group lost 30 cents to end at $20  as investors swapped 5,510 stock units. JMMB Group closed at $29.80, after falling 70 cents with 28,534 stock units passing through the market, Key Insurance gained 34 cents, to close at $7.55  with an exchange of 5,417 stock units, Kingston Properties fell by $1.03 to $6.17, with  2,407 units changing hands. Kingston Wharves dropped $8 after trading 28,483 stock units to close at $42, NCB Financial Group declined by $4 to $136, after exchanging 24,762 stocks, Palace Amusement fell $200 to end at $1,500, with a transfer of 13 units. PanJam Investment fell $4.50 to $66.50 while trading 314 shares, Proven Investments shed $1.99 to close at $36 with an exchange of 6,896 stock units, Sagicor Group finished at $44, after losing $2.42 and the transferring of 48,477 shares. Scotia  Group declined by $3.49 to settle at $47 in trading 26,079 stock units and Seprod gained 50 cents to end at $54, with 1,477 units changing hands.

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 ends August positively

August 31, 2020 by

The market index jumped sharply on the Jamaica Stock Exchange Main Market on Monday, with the usual month-end rally market, after an equal number of stocks recorded gains and losses as 60 percent fewer shares changed hands than Friday, with a 51 percent lower value.
At the close, the All Jamaican Composite Index climbed 4,681.28 points to 405,730.79, the Main Index bounced 4,232.34 points to end at 370,282.72 and the JSE Financial Index gained 1.36 points to close at 97.69.
Trading ended with 38 securities changing hands compared to 42  companies on Friday with the prices of 16 stocks rising, 15   declining and six remaining unchanged. The average PE Ratio of the market ended at 15.5 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 24,003,466 shares for $161,278,819  compared to 59,567,739 units at $313,340,083 on Friday.  Transjamaican Highway led trading with 13.5 million shares for 56.2 percent of total volume, followed  Wigton Windfarm with 7.06 million units for 29.4 percent of the day’s trade and NCB Financial Group with 637,827 units for 2.7 percent market share.
Trading ended with an average of 631,670 units changing hands for the day at  $4,244,179 for each security, in comparison to an average of 1,418,280 shares for $7,460,478,  Friday. The average trade for the month to date ended at 497,441 units at $3,201,934 for each security, in contrast to 491,213 units at $3,153,576. Trading for the month to date is well ahead of July, which closed with an average of 392,128  shares for $2,444,356.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows 11 stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Caribbean Cement gained $3 to end at $47 with investors trading 4,333  stock units, Eppley closed at a record $24, after gaining $2 in exchanging 183,636 shares, First Rock Capital fell  $1.49 to $12 trading 12,668 stock units. Jamaica Broilers Group finished $1 higher at $25 in transferring 158,552  shares, Jamaica Producers Group shed 70 cents to close at $20.30, exchanging 182,763 shares, Jamaica Stock Exchange climbed $1.71 to settle at $20.99, with 216,095 shares crossing the market. JMMB Group gained 97 cents to end at $30.50  in trading 25,598 stock units, Key Insurance lost 39 cents to settle at $7.21, with 8,947 units changing hands, NCB Financial Group carved out a gain of $2 to close at $140 with investors swapping 637,827 shares. PanJam Investment advanced $5.90 to $71, after exchanging 5,950 stock units, Proven Investments rose $1.99  to settle at $37.99, in  2,802 units changing hands. Sagicor Group finished $2.42 higher at  $46.42, with an exchange of 275,545 shares, Scotia Group climbed $3.49 to $50.49, in exchanging 29,922 stock units,  Seprod shed  $1.50 to close at $53.50, having traded 15,713 stock units. Sygnus Credit Investments rose 35 cents to close at $15.35 with 128,320 shares passing through the market and Wisynco Group lost 50 cents to close at $16 and 200,997 shares changing hands.
In the preference segment of the main market, Productive Business Solutions 9.75% preference share fell $12 to close at $95 after exchanging just one stock unit.

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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Profit up at Jamaica Broilers

August 30, 2020 by

Revenues dipped 5 percent at Jamaica Broilers in the July quarter to $12.6 billion from $13.26 billion in the prior year. At the same time, operating profit rose 25 percent to $851 million from $679 million in the preceding year, with profit after taxes rising moderately by 6 percent from $361 million to $383 million.

Jamaica Broilers announced a new acquisition last week

Distribution costs rose to $467 million from $445 million in the 2019 first quarter. A significant fall in administration and other expenses was the main contributor to the improved profit performance by adding $375 million to the results with a decline in cost from $2.28 billion to $1.9 billion while other income added nearly $200 million to the increase as well after gross profit had declined by $377 million to hit $2.95 billion. The fall in gross profit resulted in a gross profit margin slipping to 23.43 percent from 25.07 percent in 2019.
Provision made for corporate taxes doubled from $55 million to $112 million. Other comprehensive income net of taxes rose from $112 million to $246 million resulting from exchange differences in translating foreign operations and resulted in total Comprehensive Income Attributable to Stockholders of the company amounting to $629 million versus $473 million in 2019.
In commenting on the results, Robert Levy, Chairman and Christopher Levy, Group President & CEO, informed shareholders, “We are seeing improved corporate results due to early decision-making, aggressive cost reductions and improved FX positions. There has been a refocussing on the absolute basics to keep the company running profitably due to the challenges brought on by COVID-19. This has translated to a better and deeper foundation for the company.”

Christopher Levy – Jamaica Broilers President and Chief Executive.

Segment results show the Jamaican operation losing $1.38 billion in revenues to end at $7 billion in the July quarter, with segment result of $730 million compared to $764 million in 2019. The US segment kept up well with revenues of $5 billion, an increase of $660 million and segment results of $316 million, down slightly from $334 million in 2019. Haiti delivered $483 million in revenues, moderately down on the $530 million produced in 2019, with segment results of $11.5 million versus $19 million in 2019, while other Caribbean Operations brought in a profit of only $27 million, down sharply from $536 million in 2019.
Cash flow from operating activities netted $860 million, but it fell with a significant reduction in payables of $1.74 billion and the purchase of fixed assets amounting to $840 million. At the close of the quarter, the company utilized $480 million of the funds held at the end of April. There was a major increase in inventories and biological assets to reach $17.7 billion from $13.3 billion in 2019. The company seems to have worked off some of its excess inventory in the quarter, built up resulting from lower demand, following the outbreak of the Coronavirus that stood at $18.6 billion at the end of April. Shareholders’ equity stood at $16.6 billion, with total borrowings at $18.5 billion comprising current portions at $9.5 billion and the long-term amount at $9 million. Current assets ended the period at $27.7 billion inclusive of trade and other receivables of $4.2 billion, cash and bank balances of $5.7 billion. In comparison, current liabilities stood at $17.5 billion, resulting in net current assets of $10 billion.
Earnings per share rose to 41 cents for the quarter. The stock traded at $24 on the Main Market of the Jamaica Stock Exchange. IC Insider.com forecasts earnings of $2.80 per share for the full year to April 2021, putting the PE at 8.6 times 2021 earnings, providing the basis for the stock price to rally higher in the periods ahead.

 

Filed Under: Company News, Company Results Tagged With: , , , ,

Another big IC TOP 10 winner

August 29, 2020 by

After a record run this past week, Epply hit a record high of $23, but closed at $22 and leaped out of the Main Market IC TOP 10 listing, with a gain of 80 percent from the end of March, when the stock went into the TOP 10 for 2020.
During the past week, companies continued the release of midyear results, with little impact on the market. Jamaica Broilers released decent first-quarter results to the end of July, with a slight improvement in after-tax profit, with operating profit rising 25 percent on lower revenues. Wisynco Group full-year audited financials showed modest gains in profit while Blue Power profits jumped 41 percent. Of the three, only Jamaica Broilers is in the TOP 10. At the close of the week, Medical Disposables dropped out of the Junior Market listing and replaced by Jetcon Corporation. NCB Financial returns to TOP 10 and now sits at the bottom of the list, having replaced Eppley.
The top three stocks in each market saw little change in ranking, leaving the top three Junior Market stocks, with the potential to gain between 300 to 676 percent by March 2021. Caribbean Producers heads the list, followed by Lasco Financial and Elite Diagnostic, the focus on all three is on the 2021 fiscal year results, projected to show recovery from the 2020 financial year final numbers. The top three Main Market stocks, with expected gains of 205 to 264 percent, are Berger Paints followed by Radio Jamaica and JMMB Group, all three suffered declines during the week.
This week’s focus: Jamaica Broilers revenues declined 5 percent in the July quarter to $12.6 billion from $13.26 billion in the prior year. Operating profit rose 25 percent to $851 million from $679 million in the prior year, with profit after taxes rising moderately from $361 million to $383 million. A significant fall in administration and other expenses was the main contributor to the improved profit performance by adding $375 million to the results with a decline in cost from $2.28 billion down to $1.9 billion, while other income added nearly $200 million to the increase as well after gross profit had declined by $377 million to hit $2.95 billion. Earnings per share rose to 41 cents.
The targeted average PE ratio of the market is 20 based on profits of companies reporting full year’s results, from now to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level, an indication of the potential gains ahead. The JSE Main Market ended the week, with an overall PE of 15 and the Junior Market 10.5, based on IC Insider.com’s projected 2020-21 earnings. The average PE ratio of the Junior Market has been slowly rising, with better profit opportunities than the Main Market and narrowing the gap. The PE ratio for the Junior Market Top 10 stocks average a mere 5.7 at just 54 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at a PE of 8 or 54 percent of the PE of the overall market.
The average projected gain for the Junior Market IC TOP 10 stocks is 291 percent, and 161 percent for the JSE Main Market, based on 2020-21 earnings, an indication of potentially greater gains in the Junior Market than in the Main Market.
IC TOP 10 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 will result in movements of the selection in and out of the lists for most weeks. 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: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Weekly loss for JSE Main Market

August 28, 2020 by

The Jamaica Stock Exchange Main Market declined at the end of trading on Friday, with an equal number of stocks rising and falling to close off the week with an overall fall after investors exchanged 424 percent more shares valued at 320 percent more than on Thursday.   
At the close, the All Jamaican Composite Index declined by 861.11 points to 401,049.51, the Main Index shed 775.38 points to settle at 366,050.38 and the JSE Financial Index lost 0.43 points to close at 96.33.
Trading ended with 42 securities changing hands, down from 43  on Thursday, with the prices of 13 stocks rising, 13 declining and 16 remaining unchanged and the average PE Ratio of the market ended at 15.4 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 59,567,739 shares for $313,340,083  compared to 11,372,477 units at $74,529,571 on Thursday.  Carreras led trading with 40.15 million shares for 67.4 percent of total volume followed by Sagicor Select Manufacturing & Distribution Fund with 8.1 million units for 13.6 percent of the day’s trade and Wigton Windfarm with 4.20 million units for 7.1 percent market share. QWI Investments traded 2.55 million units accounting for 4.3 percent of Main Market volume and Sagicor Select Financial Fund ended trading, with 2.39 million shares and 4 percent of the volume.
Trading ended with an average of 1,418,280 units changing hands at $7,460,478 for each security, versus an average of 264,476 shares at  $1,733,246 on Thursday. The average trade for the month to date, is 491,213  units at $3,153,576 for each security, in contrast to 441,102 units at $2,920,771. Trading for the month to date compares well ahead of July that ended with an average of 392,128 shares for  $2,444,356.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Caribbean Cement lost $3.63 to close at $44, with an exchange of 1,954 units,  Eppley declined $1 to settle at $22, with 99 units passing through the market, First Rock Capital gained 99 cents to end at $13.49 trading 7,718  stock units. Jamaica Stock Exchange climbed $1.75 to settle at $19.28,  after exchanging 4,688 stock units,  JMMB Group shed 47 cents and closed at $29.53 with a transfer of 118,347 shares, Mayberry Investments ended 68 cents lower at $5.32, after exchanging 1,250  units. NCB Financial Group rose $1.99 to settle at $138, with 168,962 shares changing hands, PanJam Investment dropped $5.90, in closing at $65.10 as investors swapped  2,754 units, Portland JSX rose 62 cents to finish at $8.50, with investors switching ownership of 7,519 stock units. Proven Investments ended at $36, after losing 50 cents, with an exchange of 566 units, Sagicor Group fell $1 to $44, in trading 19,418 shares, Seprod carved out a gain of $1 to end at $55,  with an exchange of 46,826 stock units. Sygnus Credit Investments lost 60 cents to close at $15, with investors trading 63,968 units and Victoria Mutual Investments closed 30 cents lower to end at $6.60, with 41,506 shares changing hands.

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

August 27, 2020 by

The Jamaica Stock Exchange Main Market ended trading on Thursday, with the market declining after more stocks fell than rose after investors exchanged 50 percent fewer shares than on Wednesday.
At the close, the All Jamaican Composite Index shed 1,900.02 points to settle at 401,910.62, the Main Index declined by 1,720.64 points to close at 366,825.76 and the JSE Financial Index shed 0.39 points to settle at 96.76.
Trading ended with 43 securities changing hands compared to 43 on Wednesday and closed with the prices of 14 stocks rising, the prices of 21 declining and eight remaining unchanged and the average PE Ratio of the market ended at 15.3 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 11,372,477 shares for  $74,529,571  compare to 22,689,448 units at $201,190,246 on Wednesday.
Wigton Windfarm led trading with 5.58 million shares for 49 percent of total volume followed by QWI Investments with 2.11 million units for 18.5 percent of the day’s trade and Transjamaican Highway with 1.33 million units for 11.7 percent market share.
Trading ended with an average of 264,476 units changing hands at $1,733,246 for each security, in comparison to an average of 527,662  shares at $4,678,843 on Wednesday. The average trade for the month to date  ended at 441,102 units at $2,920,753 for each security, in contrast to 451,449 units at $2,990,321. Trading month to date is well ahead of July with an average of 392,128 shares for $2,444,356.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows nine stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Barita Investments dropped 90 cents to close at $53.20, with 5,447 stock units crossing the market, Caribbean Cement advanced $3.63 in ending at $47.63 while exchanging 3,967 shares, First Rock Capital shed 40 cents to close at $12.50 with investors switching ownership of 1,997 units. Grace Kennedy carved out a gain of $1.44 in closing at $56.45, with an exchange of 3,254 shares, Jamaica Broilers Group fell 80 cents to $24 with 62,057 stock units changing hands, Jamaica Producers Group advanced $1 to end at $21 in trading 414 units. Jamaica Stock Exchange lost $1.47 to end at $17.53 after trading 46,764 units, JMMB Group carved out a loss  50 cents to close at $30, with 44,422 stocks crossing the market, Kingston Properties shed 40 cents in closing at $7.20 with an exchange of 169 stock units. Kingston Wharves rose 95 cents to close at $50 in exchanging 572,067 stocks, NCB Financial Group dropped $3.97 to end at $136.01 after trading 158,851 shares, Palace  Amusement dropped by $50 in closing at $1700 crossing the market one stocks. PanJam Investment gained $6  to end at $71 in trading 1,520 stocks, Proven Investments advanced 40 cents to $36.50  with investors swapping 20,001 stock units, Sagicor Group shed 50 cents to close at  $45 after exchanging 18,139 units. Scotia Group dropped by $2.50 in ending at $47,  with an exchange of 112,320 shares and Victoria Mutual Investments gained 40 cents and closed $6.90, with investors switching ownership of 117,840 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,