Trading falls back on JSE Main Market

March 13, 2025 by
Following the trading of 5.2 million GraceKennedy shares worth $377.6 million the Jamaica Stock Exchange Main Market ended activity on Thursday, with the volume of stocks exchanged declining by 82 percent and the value 77 percent lower than Wednesday, with Wigton Energy accounting for 40 percent of trading from 58 securities down from 60 on Wednesday, with prices of 15 rising, 25 declining and 18 ending unchanged.

The market closed with trading of just 7,389,877 shares valued at $109,962,525 versus 41,544,650 stock units at $485,714,988 on Wednesday.
Trading ended with an average of 127,412 shares at $1,895,906, well below the 692,411 stocks at $8,095,250 on Wednesday and for the month to date, an average of 998,042 units at $39,035,197 down from 1,119,427 shares at $44,213,271 on the previous day and February with an average of 405,332 stock units at $1,953,730.
Wigton Energy led trading with 2.94 million shares for 39.8 percent of total volume followed by Transjamaican Highway with 1.83 million units for 24.7 percent of the day’s trade and Massy Holdings with 991,529 stocks for 13.4 percent of the volume traded.
The All Jamaican Composite Index fell 1,694.22 points to end trading at 377,201.91, the JSE Main Index skidded 1,421.60 points to 325,694.75 and the JSE Financial Index dipped 0.30 points to conclude trading at 67.76. The Investor’s Choice bid-offer indicator shows 11 stocks ending with bids higher than their last selling prices and four with lower offers.
The Main Market ended trading with an average PE Ratio of 15. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close, Berger Paints lost 60 cents to finish at $7.15 with a transfer of 6,866 shares, Eppley shed $2.17 and ended at $33.33 with 11,421 stock units crossing the market, Eppley Caribbean Property Fund dropped $7.28 to $30 in switching ownership of 4,602 shares. JMMB Group sank 50 cents in closing at $21.60 after an exchange of 3,634 stock units, Kingston Properties rallied 62 cents to close at $8.52 with investors trading 14,000 shares, Kingston Wharves increased $2.15 to end at $29.65 with 2,717 units changing hands. Lasco Manufacturing climbed 50 cents to $7.50 in trading 7,823 stocks, Massy Holdings rose 52 cents to close at $81.50 as investors exchanged 991,529 stock units, Mayberry Group gained 41 cents to end at $8 in trading 16,609 shares. NCB Financial dipped 35 cents in closing at $45.20 with 115,459 stocks crossing the exchange, Pan Jamaica sank 35 cents and ended at $52 with investors swapping 26,240 units, Scotia Group skidded $1.20 to finish at $57.50 after an exchange of 32,662 stock units and Stanley Motta popped 54 cents and ended at $6.95 with an exchange of 50 shares.

In the preference segment, 138 Student Living preference share advanced $34.99 to $290 in an exchange of 2 stocks and Sygnus Credit Investments C10.5% popped $3.95 to end at $100 with traders dealing in 1,221 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

GraceKennedy grabs 78% of JSE value trade

March 12, 2025 by
GraceKennedy closed with 5.2 million shares being traded, value at $377.6 million on Wednesday accounting for 78 percent of the overall value of stocks traded on the Jamaica Stock Exchange Main Market with a 125 percent jump in the volume of stocks changing hands valued at 576 percent more than on Tuesday.

Trading for the day ended with declining stocks whipping losers on a 2 to 1 basis following trading in 60 securities compared with 61 on Tuesday, with prices of 15 rising, 34 declining and 11 ending unchanged with VM Investments trading at a 52 weeks’ low of $2.14.
The market closed with 41,544,650 shares trading for $485,714,988 up sharply from 18,518,178 stock units at $73,536,330 on Tuesday.
Trading averaged 692,411 shares at $8,095,250 well above the 303,577 stocks for $1,205,514 on Tuesday and month to date, an average of 1,119,427 stocks for $44,213,271 being close to the 1,191,397 shares at $50,300,578 on the previous day and well over February with an average of only 405,332 stock units at $1,953,730.
JMMB Group 10% preferred shares led trading with 21.52 million shares for 51.8 percent of total volume followed by Transjamaican Highway which ended with 6.98 million stocks for 16.8 percent of the day’s trade, GraceKennedy closed with 5.21 million stocks for 12.5 percent of the volume traded and Wigton Energy with 4.43 million units for 10.7 percent of market share.
The All Jamaican Composite Index sank 2,456.91 points to conclude trading at 378,896.13, the JSE Main Index dropped 1,497.96 points to 327,116.35 and the JSE Financial Index declined 0.47 points to end at 68.06. The Investor’s Choice bid-offer indicator shows 13 stocks ending with bids higher than their last selling prices and seven with lower offers.
The Main Market ended trading with an average PE Ratio of 15.1. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close, Caribbean Cement rose $1.97 to end at $85 with 8,584 stocks clearing the market, Eppley dipped $6.50 to $35.50 after an exchange of 4,217 units, First Rock Real Estate lost 66 cents to close at $8.52 with investors dealing in 6,004 shares. General Accident advanced 78 cents in closing at $6 in an exchange of 122,005 stock units, GraceKennedy slipped $1 to finish at $73 with 5,207,964 shares changing hands, Guardian Holdings popped $11.99 and ended at $299.99 as investors exchanged 67 stocks. Jamaica Producers climbed $1.90 to $23.90 with 72,638 units crossing the market, Kingston Wharves fell $1.44 to end at $27.50 in the trading of 4,858 stock units, Lasco Manufacturing skidded 50 cents in closing at $7 with 647,112 shares crossing the market. Pan Jamaica sank 65 cents and ended at $52.35 after an exchange of 6,603 stock units, Proven Investments declined $1.85 to close at $17.55 with investors swapping 1,956 units, Scotia Group sank $1.80 to finish at $58.70 in switching ownership of 150,366 stocks. Seprod shed $2 to $88 after a transfer of 1,787 shares, Stanley Motta dropped 58 cents and ended at $6.41 with trading of 2,601 stock units, Supreme Ventures increased 39 cents to finish at $18.50 in an exchange of 29,438 stocks. Sygnus Real Estate Finance fell 91 cents in closing at $8.80 with investors trading 13,462 units and Wisynco Group skidded 60 cents to end at $21.20 after 55,964 stocks passed through the market.
In the preference segment, 138 Student Living preference share sank $40.07 to close at $255.01 with 20 shares crossing the exchange. Productive Business Solutions 10.5% preference share declined $50 to $1,000 with a transfer of 218 stock units, Sygnus Credit Investments 10% sank 77 cents in closing at $110 with traders dealing in 1,803 units and Sygnus Credit Investments C10.5% lost $3.95 to close at $96.05 with investors trading 2,872 stocks.
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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Moderate JSE Main Market trading

March 11, 2025 by
Trading surged on the Jamaica Stock Exchange Main Market ended on Tuesday, with the volume of stocks traded jumping 114 percent, with the value just below Monday’s value, following investors’ active interest in 61 securities compared with 62 on the previous day and ending with prices of 24 stocks rising, 21 declining and 16 ending unchanged.
The market closed with 18,518,178 shares being traded for $73,536,330 compared with 8,671,979 stock units at $74,051,831 on Monday. Trading averaged 303,577 shares at $1,205,534 compared with 139,871 stocks at $1,194,384 on Monday and for the month to date, an average of 1,191,397 stock units at $50,300,578 compared with 1,374,970 shares at $60,452,110 on the previous day and February with an average of 405,332 stock units at $1,953,730. Sagicor Select Financial Fund led trading with 6.29 million shares for 34 percent of total volume followed by Wigton Energy with 6.03 million stocks for 32.6 percent of the day’s trade and Transjamaican Highway with 1.58 million units for 8.5 percent of the volume of stocks traded. The All Jamaican Composite Index skidded 881.85 points to finish at 381,353.04, the JSE Main Index climbed 2,744.12 points to finish at 328,614.31 and the JSE Financial Index increased 0.26 points to 68.53. The Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and three with lower offers. The Main Market ended trading with an average PE Ratio of 15.2. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close of the market, Caribbean Cement declined by $1.47 to end at $83.03 with an exchange of 11,140 stocks, Carreras declined 39 cents in closing at $15.61 with 139,214 units crossing the market, Eppley rose $5 to $42 after an exchange of 6,535 shares. Eppley Caribbean Property Fund dropped $2.15 and ended at $37.28 with 265 stock units crossing the market, First Rock Real Estate rallied 66 cents to close at $9.18 in an exchange of 2,520 shares, General Accident fell 83 cents to finish at $5.22 with 1,631 stocks clearing the market. GraceKennedy popped 40 cents to $74 with a transfer of 198,864 units, Guardian Holdings skidded $10 to end at $288 and closed after 1,979 stock units were traded, Jamaica Broilers sank $2.42 in closing at $35 with investors swapping 46,401 shares. JMMB Group shed 40 cents and ended at $22.10 in an exchange of 3,451 stocks, Kingston Wharves gained 44 cents to finish at $28.94 with traders dealing in 3,191 units, Lasco Manufacturing sank 47 cents to close at $7.50 after a transfer of 73,684 stock units. Massy Holdings climbed $9.99 to $80.99 with investors dealing in 13,547 shares, Mayberry Jamaican Equities rose 59 cents to finish at $10 in trading 102,000 stock units, Proven Investments advanced 98 cents and ended at $19.40 as investors exchanged 65,693 stocks. Scotia Group rose $1.40 to end at $60.50 with 64,768 stocks changing hands, Stanley Motta gained 37 cents in closing at $6.99 after an exchange of 656 shares and Supreme Ventures slipped 79 cents to close at $18.11 after 767,305 units passed through the market. In the preference segment, Eppley 7.25% preference share popped $2.03 to $19.25 with investors trading 100 stocks, 138 Student Living preferred share rallied $35.83 and ended at $295.08 in switching ownership of 56 stock units and Productive Business Solutions 10.5% preference share increased $50 to end at $1,050 with investors trading 734 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 trading drops

March 10, 2025 by
Transjamaican Highway led trading with 41 percent of the overall volume of stock exchanged on the Jamaica Stock Exchange Main Market on Monday, as the volume of stocks exchanged fell by 46 percent and the value down 74 percent from the out turn on Friday, following movements in 62 securities up from 59 on Friday, with prices of 19 rising, 26 declining and 17 ending unchanged.

The market closed with trading in 8,671,979 shares for $74,051,831 down from 16,121,646 stock units at $289,183,399 on Friday.
Trading averaged 139,871 shares at $1,194,384 well below 273,248 stocks for $4,901,676 on Friday and month to date, an average of 1,374,980 stocks at $60,452,438 compared with 1,703,635 shares at $76,220,676 on the previous trading day and February with an average of 405,332 stock units at $1,953,730.
Transjamaican Highway led trading with 3.57 million shares for 41.2 percent of total volume followed by Wigton Energy with 890,204 units for 10.3 percent of the day’s trade and Sagicor Select Financial Fund with 707,529 stocks for 8.2 percent of the volume traded.
The All Jamaican Composite Index advanced 1,196.35 points to close at 382,234.89, the JSE Main Index shed 3,003.13 points to settle at 325,870.19 and the JSE Financial Index increased 0.44 points to wrap up trading at 68.27. The Investor’s Choice bid-offer indicator shows 17 stocks ending with bids higher than their last selling prices and two with lower offers.
The Main Market ended trading with an average PE Ratio of 15.9. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close on a day of reduced trading, Caribbean Cement dipped 89 cents in closing at $84.50 with 2,561 units crossing the exchange, Eppley gained $2.70 to end at $37 with investors trading 514 shares, Eppley Caribbean Property Fund rose $3.88 and ended at $39.43 in an exchange of 11 stocks. GraceKennedy climbed $1.10 to finish at $73.60 after 64,712 units changed hands, Guardian Holdings sank $1.14 to end at $298 with traders dealing in 441 stocks, Jamaica Broilers increased $2.02 to close at $37.42 after an exchange of 18,001 shares. Jamaica Producers declined $2.71 to $22.04 after 2,299 stock units passed through the market, JMMB Group advanced $1.73 to close at $22.50 in switching ownership of 311,421 shares. Kingston Properties shed 50 cents to end at $8.50 after an exchange of 14,000 units, Kingston Wharves rallied 50 cents in closing at $28.50 with a transfer of 6,947 stocks, Massy Holdings dropped $10.50 to finish at $71 with 4,011 stock units clearing the market. Proven Investments sank 40 cents to $18.42 in trading 5,500 shares, Scotia Group popped 90 cents to $59.10 with investors dealing in 358,019 units, Seprod gained $2.81 to end at $90 with 4,754 stocks crossing the market and Sygnus Real Estate Finance rose 88 cents in closing at $9.71 in trading 40 stock units.
In the preference segment, Eppley 7.25% preference share slipped $2.03 to finish at $17.22 with 85 shares changing hands, Eppley 7.75% preference share fell 58 cents to close at $19.41 with an exchange of 48 stocks, JMMB Group 10% preferred shares ended at $2 after a transfer of 250,101 units and Productive Business Solutions 10.5% preference share climbed $20 to $1,000 with 55 units 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Berger drops out of ICTOP10

March 10, 2025 by
Berger Paints dropped out of ICTOP10 this past week, with a gain of 2 percent, following the release of full year results that are lower than ICInsider.com’s forecast, but 2025 is poised to be better, as some costs fade away and revenue rises. The week reflects a market caught up with investors who have sold stocks to help fund two ordinary share offerings in a week when the main market had just one change and none for the Junior Market.

The week closed with prices of only 2 stocks rising and 7 declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with one winner and 5 losers.
In the Junior Market ICTOP10, Dolphin Cove rebounded sharply from its recent fall, with a 21 percent climb during the week to $17. Express Catering dropped 11 percent to $2.80, Access Financial declined by 6 percent to $16.60 and Elite Diagnostic fell 4 percent to $1.51.
In the Main Market ICTOP10, QWI Investments fell 8 percent to 77 cents while 138 Student Living, Jamaica Broilers and NCB Financial fell by 5 percent to close at $3.80, $35.40 and $45.35 respectively.
The All JSE ICTOP10, compiled from all listed ordinary stocks on the Jamaica Stock Exchange ended the week with Berger Paints falling out and replaced by Caribbean Producers.
There is no change to the Junior Market ICTOP10 while Berger Paints dropped out of the Main Market ICTOP10 and was replaced by GraceKennedy after a long absence, with the company reporting earnings for 2024 that rose 8 percent to $8.43. The company’s new CEO Frank James seems bullish on earnings for 2025, he indicated that a look at the 2024 segment accounts shows“ the food segment which is by far the largest and most profitable segment of our business is growing profits at 22 percent, banking and investments at 26 percent in the insurance at 8 percent as you pointed out remittances where we lost some ground and as you also point out there are some external factors however as indicated in the stockholders report we have made significant investments in digital which will pay off in this area as such while 2024 had some exceptions we are in good in growth mode,” he concluded.
The average PE for the JSE Main Market ICTOP 10 sits at just 5.7, well below the market average of 15.2 and the Junior Market TOP10 stands at 7.7, more than half of the market, with an average of 13.8.
Based on the earnings estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 254 percent by May 2025, providing better values than the Junior Market, projected to achieve a 176 percent increase for the same period.
In the Main Market ICTOP 10, there are 19 stocks with the highest values representing 37 percent of the Main Market, with PEs between 15 to 43, with an average of 21 and a PE of 20 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 13 stocks or 27 percent of the market have PEs ranging from 15 to 31 with an average of 19 and a PE of 15 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always the case as some weaker companies may be oversold and therefore end up in the list. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on the receipt of new information.

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

Filed Under: Buy Rated, Feature Stories, Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , ,

Trading jumps on JSE Main Market

March 7, 2025 by
Trading on the Jamaica Stock Exchange Main Market ended on Friday, with a 61 percent jump in the volume of stocks traded accompanied by a 344 percent surge in value over Thursday’s activities, following trading in 59 securities compared with 60 on Thursday, with prices of 26 rising, 17 declining and 16 ending unchanged.

The market closed with 16,121,646 shares trading for $289,183,399 compared with 10,010,074 stock units at $65,070,056 on Thursday.
Trading averaged 273,248 shares at $4,901,414 up from just 166,835 stocks at $1,084,501 on Thursday and month to date, an average of 1,703,635 stocks at $76,220,676 compared with 2,188,651 shares at $100,403,644 on the previous day and February with an average of 405,332 stock units at $1,953,730.
Kingston Wharves led trading with 4.0 million shares for 24.8 percent of total volume followed by Sagicor Select Financial Fund which ended with 2.27 million stocks for 14.1 percent of the day’s trade, Transjamaican Highway closed with 2.21 million units for 13.7 percent of the volume traded, Sagicor Select Manufacturing & Distribution Fund ended with 1.67 million shares for 10.3 percent of the day’s volume and NCB Financial with 1.40 million units for 8.7 percent of market share after the price hit a new 52 weeks’ intraday low of $43.
The All Jamaican Composite Index climbed 1,628.08 points to wrap up trading at 381,038.54, the JSE Main Index rallied 1,734.11 points to conclude trading at 328,873.32 and the JSE Financial Index popped 0.17 points to 67.83. The Investor’s Choice bid-offer indicator shows 13 stocks ending with bids higher than their last selling prices and six with lower offers.
The Main Market ended trading with an average PE Ratio of 16.4. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasted by ICInsider.com for companies with financial year ending around August 2025.
At the close of the market, Caribbean Cement shed $1.11 to $85.39 with an exchange of 2,993 stocks, Eppley Caribbean Property Fund fell 50 cents to $35.55 with 2,664 shares being traded, Jamaica Broilers rallied 39 cents to end at $35.40 as investors exchanged 234,728 stocks. Jamaica Producers rose 77 cents to finish at $24.75 after 562,628 units passed through the market, JMMB Group declined $1.23 and ended at $20.77 with investors dealing in 6,020 stocks, Kingston Wharves fell $1.65 to close at $28 with 4,003,132 units crossing the market. Lasco Distributors rallied 40 cents to $5.10 with a transfer of 40,288 shares, Massy Holdings increased $4 to close at $81.50 and ended with 40,927 stock units, Pan Jamaica popped $1.98 to $53 in an exchange of 6,021 shares. Proven Investments rose 82 cents and ended at $18.82 with investors trading 6,411 stock units, Salada Foods dipped 38 cents to end at $3.20 after an exchange of 3,139 stock units, Supreme Ventures gained 50 cents in closing at $19 with 54,605 units clearing the market and Sygnus Real Estate Finance sank 42 cents to $8.83 in switching ownership of 352 shares.

In the preference segment, 138 Student Living preferred skidded $10.75 to end at $259.25 in trading 20 units, Productive Business Solutions 10.5% preference share rose $87 in closing at $980 after a transfer of 1,080 stocks, Sygnus Credit Investments 10% sank $4.73 to close at $110.77 with investors swapping 15 stock units and Sygnus Credit Investments C10.5% slipped $2 to finish at $100 after an exchange of 196 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Trading falls back Tuesday elevated levels

March 6, 2025 by
Trading on the Jamaica Stock Exchange Main Market ended on Thursday, with an exchange of 97 percent fewer shares traded, with 100 percent less value than on Tuesday, following trading in 60 securities up from 54 on Tuesday, with prices of 15 rising, 28 declining and 17 ending unchanged.

The market closed with trading of 10,010,074 shares with a value of $65,070,056 significantly below the 357,436,208 stock units that were exchanged at $17,338,588,441 on Tuesday, following Pan Jamaica that dominated trading with over 344 million shares, with a value of $17.3 billion.
Trading ended with an average of 166,835 shares with a value of $1,084,501 compared to 6,619,189 stocks valued at $321,084,971 on Tuesday and month to date, an average of 2,188,651 units valued at $100,403,644 compared with 3,252,766 shares at $152,676,877 on the previous day and February with an average of 405,332 stock units at $1,953,730.
Transjamaican Highway led trading with 3.29 million shares for 32.9 percent of total volume followed by Wigton Energy with 1.09 million units for 10.9 percent of the day’s trade and Sagicor Select Financial Fund with 602,322 stocks for 6 percent of the volume traded.
The All Jamaican Composite Index dropped 1,140.91 points to settle at 379,410.46, the JSE Main Index fell 470.75 points to conclude trading at 327,139.21 and the JSE Financial Index skidded 0.18 points to finish at 67.66. The Investor’s Choice bid-offer indicator shows 10 stocks ending with bids higher than their last selling prices and four with lower offers.
The Main Market ended trading with an average PE Ratio of 15. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close of trading following the closure of the market on Ash Wednesday, AS Bryden climbed 88 cents to finish trading at $29.01 with 734 stock units crossing the market, Caribbean Cement sank 50 cents and ended at $86.50 in switching ownership of 6,522 shares, Eppley Caribbean Property Fund fell $3.40 to $36.05 after an exchange of 1,414 stocks. GraceKennedy sank $1.50 to close at $72.50 with a transfer of 18,568 units, Guardian Holdings dropped 86 cents to end at $299.14 with 24 shares crossing the exchange, Jamaica Broilers lost $1.69 in closing at $35.01 with investors dealing in 131,935 stock units. JMMB Group slipped 45 cents to $22 in an exchange of 201,315 stocks, NCB Financial shed 90 cents to end at a 52 weeks’ low of $45.20 with investors swapping 125,428 units,  Pan Jamaica declined $2.08 and closed at $51.02 after an exchange of 10,847 stocks, just a fraction of the volume passing through the market on Tuesday. Seprod dipped 95 cents to finish at $87 in trading 1,736 shares, Supreme Ventures skidded $1 and ended at a 52 weeks’ low of $18.50 with 352,695 stock units changing hands and Sygnus Credit Investments sank 66 cents to close at $12.70 as investors exchanged 37,164 units.

In the preference segment, Eppley 7.75% preference share increased $1.99 to $19.99 in the trading of 49 stocks, 138 Student Living preference share dropped $49.81 to close at $270 with an exchange of 22 units and Sygnus Credit Investments C10.5% shed 50 cents to end at $102 with 29 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

$17 billion Pan Jamaica trade

March 4, 2025 by

Trading surged on the Jamaica Stock Exchange Main Market on Tuesday following an exchange of a large volume of Pan Jamaica shares, with 344.37 million units of the company’s stock valued at $17.3 billion were exchanged, sending the volume and value of stocks traded in the market well above Monday’s outturn. Trading ended with the volume of stocks traded rising 2,572 percent and the value 25,943 percent more than Monday, with trading in 54 securities, down from 60 on Monday, with prices of 18 rising, 19 declining and 17 ending unchanged resulting in a slide in the market indices.

The market closed with 357,436,208 shares trading for $17,338,588,441 up sharply from 13,379,073 stock units at $66,575,572 on Monday.
Trading averaged 6,619,189 shares at $321,084,971 well above the 222,985 stocks at $1,109,593 on Monday and for the month to date, an average of 3,252,766 units at $152,676,877, up from an average of 405,332 stock units at $1,953,730 in February.
Pan Jamaica led trading with 344.37 million shares for 96.3 percent of total volume followed by JMMB 9.5% preference share with 7.05 million stocks for 2 percent of the day’s trade and Transjamaican Highway with 1.67 million units for 0.5 percent of the day’s volume.
The All Jamaican Composite Index sank 3,473.21 points to close at 380,551.37, the JSE Main Index dropped 2,147.94 points to finish at 327,609.96 and the JSE Financial Index declined 1.36 points to cease trading at 67.84. The Investor’s Choice bid-offer indicator shows 13 stocks ending with bids higher than their last selling prices and eight with lower offers.
The Main Market ended trading with an average PE Ratio of 16.6. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close, Caribbean Cement increased by 37 cents to $87 with 2,387 stocks crossing the market, Carreras rose 95 cents in closing at a 52 weeks’ high of $15.90 with investors trading 288,876 shares, General Accident rose 70 cents to finish at $5.97 after 6,236 units passed through the market. Guardian Holdings rallied $2 and ended at $300 with an exchange of 16 stocks, JMMB Group popped 45 cents to close at $22.45 after 69,318 units changed hands, Kingston Properties advanced 70 cents to end at $9 with investors trading 60 stocks. Kingston Wharves skidded 36 cents in closing at $29.64 in switching ownership of 1,249 shares, Massy Holdings sank 50 cents to $77.50 with investors swapping 844 stock units, NCB Financial dipped $1.55 to end at a 52 weeks’ low of $46.10 after a transfer of 51,269 shares. 138 Student Living gained 36 cents to close at $3.96 with 1,315 stocks crossing the exchange, Pan Jamaica dropped $5.80 and ended at $53.10 with a transfer of 344,365,449 units, Proven Investments declined 84 cents to finish at $17.66 as investors exchanged 564 stocks. Salada Foods popped 52 cents to $3.58 in trading 2,583 shares and Sygnus Real Estate Finance fell 72 cents to end at $9 after an exchange of 2,789 stocks.
In the preference segment, Productive Business Solutions 10.5% preference share dropped $127 in closing at $893 with investors trading 550 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 dives into March

March 3, 2025 by
Trading on the Jamaica Stock Exchange Main Market ended on Monday, with the volume of stocks traded declining 40 percent and the value 48 percent lower than on Friday, with trading in 60 securities compared with 62 on Friday, with prices of 19 rising, 28 declining and 13 ending unchanged, on the first day of trading in March.

The market closed with 13,379,073 shares trading for $66,575,572 compared with 22,307,712 stock units at $127,310,156 on Friday.
Trading ended with an average of 222,985 shares valued at $1,109,593 compared to 359,802 stocks at $2,053,390 on Friday and February that ended with an average of 405,332 units at $1,953,730.
Wigton Energy led trading with 4.03 million shares for 30.1 percent of total volume followed by Transjamaican Highway that ended with 3.29 million stocks for 24.6 percent of the day’s trade, JMMB Group 7.35% – 2028 closed with 1.14 million shares for 8.5 percent of the volume traded and Sagicor Select Financial Fund with 1.11 million units for 8.3 percent of the market share.
As is commonly accepted at the start of the month, the All Jamaican Composite Index shed 532.57 points to end at 384,024.58, the JSE Main Index dropped 1,611.89 points to conclude trading at 329,757.90 and the JSE Financial Index rose 0.02 points to settle at 69.20. The Investor’s Choice bid-offer indicator shows 12 stocks ending with bids higher than their last selling prices and four with lower offers.
The Main Market ended trading with an average PE Ratio of 15.6. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with financial year ending around August 2025.
At the close of the market, AS Bryden fell $2.87 to $28.13 after the transfer of 1,843 stocks, Caribbean Cement declined $1.37 to end at $86.63 as investors exchanged 3,635 units, First Rock Real Estate sank 73 cents in closing at $8.56 with 1,230 shares clearing the market. General Accident fell 90 cents and ended at $5.27 with traders dealing in 11,451 stock units, Guardian Holdings dipped $6 to close at $298 with 428 shares crossing the exchange, Jamaica Broilers sank 94 cents to finish at $36.50 with investors swapping 1,497 units. JMMB Group shed 45 cents and ended at $22 with 40,293 stocks passing through the market, Kingston Properties dropped $1.15 to $8.30 in trading 12,090 stock units, Massy Holdings skidded $3.30 in closing at $78 with 608 shares changing hands. Mayberry Group increased 45 cents to end at $7.85 after 7,421 stocks were traded, 138 Student Living slipped 40 cents to $3.60 with investors dealing in 5,186 units, Sagicor Group climbed 51 cents to close at $42.50 in an exchange of 24,620 stock units and Supreme Ventures lost 70 cents to close at $19.50 with investors trading 402,011 shares.

In the preference segment, JMMB Group 7.15% – 2028 rose 44 cents and ended at $2.99 with an exchange of 8,416 stocks, 138 Student Living preference share rallied $30 to end at $320 with 65 units crossing the market and Sygnus Credit Investments C10.5% popped $6.44 in closing at $102.50 in switching ownership of 1 stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

Two new additions to ICTOP10

March 3, 2025 by
Price movements in the ICTOP10 this past week as mostly muted with the Main Market having only two stocks with notable price changes while the Junior Market three, while both markets had one new listing.

Market movements resulted in prices of 5 stocks rising and 3 declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with two gains and 2 losses.
In the Junior Market ICTOP10, Caribbean Flavours ran up 7 percent to $1.34 and Iron Rock Insurance gained 4 percent to $3.75, while AMG Packaging fell 6 percent to $3.
In the Main Market ICTOP10, Berger Paints rose 9 percent to $7.82 and Key Insurance fell 10 percent to close at $2.16.
The All JSE ICTOP10, compiled from all listed ordinary stocks on the Jamaica Stock Exchange ended the week with Key Insurance falling out and replaced by AMG Packaging
Iron Rock Insurance fell out of the Junior Market ICTOP10 and is replaced by Limners and Bards. In the Main Market ICTOP10, VM Investments returns after a one week’s absence, replacing Key Insurance that reported earnings of just 12 cents per share for the full year, much lower than projected.
The average PE for the JSE Main Market ICTOP 10 sits at just 5.9, well below the market average of 15.7 and the Junior Market TOP10 stands at 7.7, more than half of the market, with an average of 13.4.
Based on the earnings estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 256 percent by May 2025, providing better values than the Junior Market, projected to achieve a 172 percent increase for the same period.
In the Main Market ICTOP 10, there are 17 stocks with the highest values representing 33 percent of the Main Market, with PEs between 15 to 105, with an average of 30 and 24 excluding the highest PE ratios and a PE of 26 for the top half of the market with the highest values and 20 excluding the stocks with overweight values.
In the Junior Market IC TOP10, 15 stocks or 31 percent of the market have PEs ranging from 15 to 33 with an average of 20 and a PE of 18 for half of the market with the highest PEs.
The ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings 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, Feature Stories, JSE Combined, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,