Transjamaican dominates

February 18, 2025 by

Investors focused heavily on Transjamaican Highway stocks on Tuesday with the preferred share dominating and along with the ordinary shares took control of just under 89 percent of trading on the Jamaica Stock Exchange Main Market and pushed the volume of stocks exchanged, sharply higher with a much greater value than on Monday, with the volume of stocks traded rising 677 percent and the value 115 percent more than on Monday, resulting from trading in 59 securities compared with 61 on Monday, with prices of 15 rising, 23 declining and 21 ending unchanged.

The market closed with 93,093,579 shares trading for $227,245,086 up from 11,986,413 stock units valued  at $105,690,529 on Monday.
Trading averaged 1,577,857 shares value at $3,851,612 well above the 196,499 stocks at $1,732,632 on Monday and for the month to date, an average of 503,355 stock units at $2,012,019 compared to 408,451 shares at $1,849,540 on the prior day and January with an average of 257,074 stocks at $2,582,065.
Transjamaican Highway 8% preferred led trading with 80.01 million shares for 85.9 percent of total volume followed by Wigton Energy which ended with 3.25 million stocks for 3.5 percent of the day’s trade, Transjamaican Highway closed with 2.62 million stocks for 2.8 percent of the volume traded, JMMB Group 7.25% preference share due 2024 ended with 2.13 million units for 2.3 percent of the shares traded and Victoria Mutual Investments with 1.40 million units for 1.5 percent of market share.
The All Jamaican Composite Index dipped 555.81 points to conclude trading at 379,598.43, the JSE Main Index shed 351.55 points to close at 328,099.09 and the JSE Financial Index increased 0.36 points to wrap up trading at 68.09. The Investor’s Choice bid-offer indicator shows 11 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 14.8. 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 an active trading session, AS Bryden rose 90 cents in closing at $29 with the trading of 1,516 units, Barita Investments gained 38 cents to end at $73.88 after a transfer of 9,350 stocks, Berger Paints declined 59 cents to close at $7.15 after 5,100 shares were traded. Caribbean Cement shed $2.80 and ended at $84 with an exchange of 1,437 stock units, Eppley Caribbean Property Fund popped $3.93 to finish at $39.45 with investors trading 2,110 shares, First Rock Real Estate dropped 71 cents to $8.58 in an exchange of 156 stocks. Guardian Holdings rallied $1.50 in closing at $305 with 9,001 stock units crossing the market, Jamaica Broilers sank 62 cents to $36.38 with investors dealing in 65,019 stock units, Kingston Wharves dropped $3 to end at $27 with 53,454 shares crossing the market . Massy Holdings lost 80 cents to close at $81.05 in switching ownership of 1,222 units, Mayberry Group increased 45 cents and ended at $7.60 with 13,405 stocks clearing the market, NCB Financial skidded $1.98 to finish at a 52 weeks’ low of $48 in an exchange of 340,780 stock units. Pan Jamaica climbed $2.40 and ended at $56.90 with 1,263 shares changing hands, Seprod sank $3.38 to $85.50 with 72,182 units crossing the exchange and Stanley Motta dipped 95 cents in closing at $6.41 with investors swapping 5,004 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Transjamaican rules JSE Main Market

February 17, 2025 by
Shares in Jamaica’s first toll road operators, Transjamaican Highway traded the most shares on the Jamaica Stock Exchange Main Market on Monday in accounting for nearly 44 percent of the total volume traded and helped in pushing the volume of stocks traded in the market up a solid 229 percent with the value jumping 264 percent more than on Friday, following trading in 61 securities up from 59 on Friday and ended with prices of 19 rising, 27 declining and 15 ending unchanged.

The market closed with trading of 11,986,413 shares with a values of $105,690,529, up sharply from just 3,643,310 stock at a mere $29,016,024 on Friday.
Trading averaged 196,499 shares at $1,732,632 well above 61,751 stocks at $491,797 on Friday and for the month to date, an average of 408,451 units at $1,849,540 compared with 429,751 shares at $1,861,289 on the previous day and January with an average of 257,074 stock units at $2,582,065.
Transjamaican Highway led trading with 5.21 million shares for 43.5 percent of total volume, with the price slipping following release of full year results with earnings of J$0.39 with the final quarter profits jumping by a solid 44 percent much more than the 31 percent for the full year. Wigton Energy was next with 2.03 million stocks for 16.9 percent of the day’s trade and NCB Financial with 1.11 million units for 9.3 percent of the volume of stocks traded.
The All Jamaican Composite Index lost 962.08 points to wrap up trading at 380,154.24, the JSE Main Index dipped 1,093.74 points to cease trading at 328,450.64 and the JSE Financial Index dipped 0.23 points to end at 67.73. The Investor’s Choice bid-offer indicator shows 15 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 14.7. 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 a day of increased market activity, AS Bryden sank 90 cents in closing at $28.10 with traders dealing in 48 stock units, Caribbean Cement slipped 69 cents to $86.80 with 4,223 shares clearing the market, Eppley Caribbean Property Fund sank $3.96 to finish at $35.52 and closed with 2,256 stocks changing hands. First Rock Real Estate increased 74 cents and ended at $9.29 after 84 units passed through the market, Guardian Holdings shed $6.25 to end at $303.50 in switching ownership of 6,065 shares, Lasco Manufacturing fell 38 cents to close at $7.60, with 23,997 stock units crossing the market. NCB Financial popped 98 cents to $49.98 in an exchange of 1,112,756 stocks, after the price hit an intraday 52 weeks low of $47, Pan Jamaica climbed $1.60 to close at $54.50 with investors swapping 11,622 units, Proven Investments rose 73 cents to end at $19 in an exchange of 29,776 stocks. Sagicor Group skidded 50 cents in closing at $40 with investors trading 8,036 units, Scotia Group lost $1.39 to finish at $57 after a transfer of 44,767 shares and Supreme Ventures gained 65 cents and ended at $20.25 trading 36,086 stock units.

In the preference segment, Jamaica Public Service 9.5% declined $4 to $2,686 as investors exchanged 2,000 shares, JMMB Group 7.15% – 2028 dipped 50 cents to close at $2.50 in trading 289 stock units, 138 Student Living preference share dropped $23.85 to finish at $231.15 after an exchange of 186 units and Sygnus Credit Investments C10.5% sank $1 and ended at $104 with investors trading 1,002 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

ICTOP10 stocks weathered a stormy week

February 17, 2025 by
The markets of the Jamaica Stock Exchange were steady in closing out last week with just marginal movements in the Main and Junior market indices, resulting in moderate moves in ICITOP10 stocks, with gains ranging from 4 percent to declines of 7 percent in the Junior Market TOP 10, with 4 percent being the biggest move in the Main Market ICTOP10.

Market movements resulted in prices of just three stocks rising and six declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with three gains and two losses.
In the Junior Market ICTOP10, Caribbean Assurance Brokers and Limners and Bards gained 4 percent to close at $2.58 and $1.26 respectively. Elite Diagnostic and Iron Rock Insurance fell by 7 percent to $1.68 and $3.90 respectively and Cargo Handlers fell 4 percent to $11. In the Main Market ICTOP10, Key Insurance shed 4 percent to close at $2.20.
The JSE TOP10, compiled from all listed ordinary stocks on the Jamaica Stock Estate ended the week with JMMB Group dropping out with reduced earnings that were released for the nine months to December and is replaced by the Junior Market listed Kintyre Holdings (formerly iCreate).
Dolla Financial and Kintyre Holdings entered the Junior Market ICTOP10, with Jamaican Teas and Iron Rock Insurance dropping out. In the Main Market ICTOP10, Caribbean Producers returns, replacing JMMB Group following the downgrading of earnings for the current fiscal year ending in March. Dolla Financial earnings are based on 2025 projections. The forecast assumes more borrowed funds are taken on during the year to finance expansion. Kintyre Holdings reported earnings of 8 cents for 2024, the latest quarterly numbers suggest earnings should reach 25 cents per share during 2025, all things being equal. The historical performance of the company, suggests a high degree of risk is associated with an investment in the stock.
The average PE for the JSE Main Market ICTOP 10 sits at just 6, well below the market average of 14.9 and the Junior Market TOP10 stands at 8.1, more than half of the market, with an average of 13.2.
Based on the earnings estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 270 percent by May 2025, providing better values than the Junior Market, projected to achieve a 164 percent increase for the same period.
In the Main Market ICTOP 10, there are 15 stocks with the highest values representing 29 percent of the Main Market, with PEs between 15 to 105, with an average of 31 and 23 excluding the highest PE ratios and a PE of 24 for the top half of the market with the highest values and 19 excluding the stocks with overweight values.
In the Junior Market IC TOP10, 16 stocks or 33 percent of the market have PEs ranging from 15 to 32 with an average of 19 and a PE of 18 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 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, Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , ,

ICTOP10 stocks weathered stormy week

February 17, 2025 by
The markets of the Jamaica Stock Exchange were steady in closing out last week with just marginal movements in the Main and Junior market indices, resulting in moderate moves in ICITOP10 stocks, with gains ranging from 4 percent to declines of 7 percent in the Junior Market TOP 10, with 4 percent being the biggest move in the Main Market ICTOP10.

Market movements resulted in prices of just three stocks rising and six declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with three gains and two losses.
In the Junior Market ICTOP10, Caribbean Assurance Brokers and Limners and Bards gained 4 percent to close at $2.58 and $1.26 respectively. Elite Diagnostic and Iron Rock Insurance fell by 7 percent to $1.68 and $3.90 respectively and Cargo Handlers fell 4 percent to $11. In the Main Market ICTOP10, Key Insurance shed 4 percent to close at $2.20.
The JSE TOP10, compiled from all listed ordinary stocks on the Jamaica Stock Estate ended the week with JMMB Group dropping out with reduced earnings that were released for the nine months to December and is replaced by the Junior Market listed Kintyre Holdings (formerly iCreate).
 Financial and Kintyre Holdings entered the Junior Market ICTOP10, with Jamaican Teas and Iron Rock Insurance dropping out.
In the Main Market ICTOP10, Caribbean Producers returns, replacing JMMB Group following the downgrading of earnings for the current fiscal year ending in March. Dolla Financial earnings are based on 2025 projections. The forecast assumes more borrowed funds are taken on during the year to finance expansion. Kintyre Holdings reported earnings of 8 cents for 2024, the latest quarterly numbers suggest earnings should reach 25 cents per share during 2025, all things being equal. The historical performance of the company, suggests a high degree of risk is associated with an investment in the stock.
The average PE for the JSE Main Market ICTOP 10 sits at just 6, well below the market average of 14.9 and the Junior Market TOP10 stands at 8.1, more than half of the market, with an average of 13.2.
Based on the earnings estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 270 percent by May 2025, providing better values than the Junior Market, projected to achieve a 164 percent increase for the same period.
In the Main Market ICTOP 10, there are 15 stocks with the highest values representing 29 percent of the Main Market, with PEs between 15 to 105, with an average of 31 and 23 excluding the highest PE ratios and a PE of 24 for the top half of the market with the highest values and 19 excluding the stocks with overweight values.
In the Junior Market IC TOP10, 16 stocks or 33 percent of the market have PEs ranging from 15 to 32 with an average of 19 and a PE of 18 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 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.

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

Trading plunges Friday on JSE Main Market, NCB hits one year’s low

February 14, 2025 by
On a day of very low market activity, trading ended with a dip on the Jamaica Stock Exchange Main Market on Friday, with the volume of stocks traded declining a sizable 97 percent, with the value 88 percent lower than on Thursday to a mere $29 million, with the largest trade falling below one million shares, after trading ending with an exchange of 59 securities down from 64 on Thursday, with prices of 17 rising, 26 declining and 16 ending unchanged.

The market closed on Friday with just 3,643,310 shares trading for a mere $29,016,024 well down from 109,013,663 units at $248,063,681 on Thursday.
Trading averaged 61,751 shares at $491,797 well below the 1,703,338 stocks at a value of $3,875,995 on Thursday and month to date, with an average of 429,751 stock units at $1,861,289 compared to 469,371 shares for $2,008,734 previously and January with an average of 257,074 stock units at $2,582,065.
Transjamaican Highway led trading with only 890,136 shares for 24.4 percent of total volume followed by Wigton Energy with 466,547 stock units for 12.8 percent of the day’s trade and Sagicor Select Manufacturing & Distribution Fund with 276,656 stocks for 7.6 percent of the volume traded.
The All Jamaican Composite Index skidded 1,208.34 points to 381,116.32, the JSE Main Index dipped 724.33 points to wrap up trading at 329,544.38 and the JSE Financial Index skidded 0.16 points to conclude trading at 67.96. 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 14.7. 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 mediocre trades, Berger Paints popped 45 cents to close at $7.75 with investors swapping 71 units, First Rock Real Estate lost 80 cents to end at $8.55 with 6,000 stocks crossing the exchange, Guardian Holdings increased $5.75 and ended at $309.75 while investors completed the trading 142 shares. Jamaica Stock Exchange sank 52 cents to end at $12.81 with 1,673 stock units being traded, Kingston Wharves dropped 64 cents in closing at $30.31 in trading 6,213 shares, Massy Holdings climbed 85 cents to finish at $81.85 after a transfer of 296 units.  Mayberry Group fell 40 cents and ended at $7.20 with 3,167 stocks crossing the market, NCB Financial Group fell 33 cents and closed at a 52 weeks’ low of $49 after 52,703 shares were traded, Proven Investments rose $1.07 to $18.27 as investors exchanged 1,727 stock units, Sagicor Group slipped 50 cents and closed at $40.50 with 6,572 shares being traded. Seprod gained $3.98 to close at $88.98 with investors trading 9,565 units and Supreme Ventures sank 90 cents to finish at $19.60 in an exchange of 33,576 stocks.
In the preference segment, Eppley 7.25% preference share advanced $2.25 to end at $19.25 with 11 stock 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Transjamaican corners JSE Main Market

February 13, 2025 by
Transjamaican Highway preferred stock accounted for 92 percent of the volume traded on the Jamaica Stock Exchange Main Market on Thursday, while the ordinary stock traded 3 percent for a total of 95 percent, helping to push the volume of stocks traded up 1,479 percent and the value 314 percent more than on Wednesday, following trading in 64 securities compared with 60 on Wednesday, with prices of 22 rising, 22 declining and 20 ending unchanged.

The market closed with 109,013,663 shares trading for $248,063,681 up from 6,904,205 stock units valued at $59,901,771 on Wednesday.
Trading averaged 1,703,338 shares at $3,875,995 compared to 115,070 stocks at $998,363 on Wednesday and trading for the month to date, an average of 469,371 stock units at $2,008,734 compared with 306,202 shares at $1,761,824 on the prior and January with an average of 257,074 stock units at $2,582,065.
Transjamaican Highway 8% led trading with 100.07 million shares for 91.8 percent of total volume followed by JMMB Group 7.25% preference share due 2024 which ended with 3.59 million stocks for 3.3 percent of the day’s trade and Transjamaican Highway with 3.40 million stock units for 3.1 percent of the day’s volume.
The All Jamaican Composite Index climbed 1,489.03 points to 382,324.66, the JSE Main Index rose 932.79 points to 330,268.71 and the JSE Financial Index gained 0.21 points to end at 68.12. The Investor’s Choice bid-offer indicator shows 11 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 14.8. 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 increased trades, AS Bryden dropped by $1 and ended at a 52 weeks’ low of $29 with investors dealing in 5,769 units, Eppley rallied 80 cents to $34.30 in an exchange of just 2 stocks, Guardian Holdings increased 50 cents to finish at $304 with 219 shares passing through the market. JMMB Group climbed 47 cents to end at $21 in trading 30,169 stock units, Kingston Properties popped 52 cents in closing at $9.08 with 22 shares crossing the exchange, Kingston Wharves gained 95 cents to close at $30.95 with investors swapping 9,721 stocks. Margaritaville rose 48 cents to $14.68 after an exchange of a mere 3 units, Massy Holdings sank 90 cents and ended at $81 with 3,785 stock units crossing the market, NCB Financial dropped 59 cents to end at a 52 weeks’ low of $49.33 in an exchange of 60,599 shares. Proven Investments shed 61 cents in closing at $17.20 with 3,354 stock units clearing the market, Scotia Group advanced $2.39 to close at $58.39 after an exchange of 448,434 stocks and Supreme Ventures rose 50 cents to finish at $20.50 with 42,805 units crossing the market.
In the preference segment, Eppley 7.25% preference share fell $2.25 to $17 with investors trading 36 shares, Eppley 7.75% preference share skidded 58 cents to close at $19.41 with 100 units switching owners, Jamaica Public Service 7% climbed $4 to end at $44 with 6,605 stocks changing hands and 138 Student Living preference share sank $75 in closing at $255 with investors trading 35 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 trading plunges  

February 12, 2025 by
Trading dropped back sharply on the Main Market of the Jamaica Stock Exchange at the end of market activity on Wednesday, with the volume of stocks traded down a hefty 91 percent with the value 53 percent lower than on Tuesday, following trading in 60 securities up from 58 on Tuesday, with prices of 18 rising, 23 declining and 19 ending unchanged, resulting in a drop in the major market indices.

The market closed with trading of 6,904,205 shares for $59,901,771 down from 73,155,105 stock units at $128,115,803 on Tuesday.
Trading averaged 115,070 shares for $998,363 and well below the 1,261,295 stocks at $2,208,893 on Tuesday. Trading for the month to date averages 306,202 stock units at $1,761,824 compared to 333,249 shares at $1,869,861 on Tuesday and January with an average of 257,074 stock units at $2,582,065.
Transjamaican Highway led trading with 2.53 million shares for 36.6 percent of total volume followed by JMMB Group 7.25% preference share with 598,495 stock units for 8.7 percent of the day’s trade and Wigton Energy with 461,001 stocks for 6.7 percent of the volume traded.
The All Jamaican Composite Index sank 1,842.72 points to close at 380,835.63, the JSEMain Market Index dropped 1,537.34 points to close at 329,335.92 and the JSE Financial Index dipped 0.55 points to finish at 67.91. The Investor’s Choice bid-offer indicator shows 15 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 14.7. 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 a day of a slow market, Caribbean Cement gained 50 cents to close at $87.50 with investors trading 16,125 stocks, JMMB Group sank 52 cents to end at $20.53 with 11,594 units passing through the market, Kingston Properties shed 47 cents in closing at $8.56 in an exchange of 57,836 shares. Kingston Wharves sank 90 cents to close at $30 with 3,023 stock units crossing the market, Lasco Manufacturing popped 52 cents and ended at $7.99 with traders dealing in 392,755 shares, 138 Student Living increased 72 cents to finish at $3.97 with 21,449 stocks clearing the market. Sagicor Group dipped 70 cents to $41.30 as investors exchanged 23,134 units, Seprod fell $3.94 to $85 with a transfer of 17,912 stock units and Stanley Motta climbed 40 cents to end at $7.40 with 4,624 shares changing hands.
In the preference segment, Jamaica Public Service 7% declined $3 to finish at $40 with investors trading 35 stocks, 138 Student Living preference share rose $10 and ended at $330 with 32 units switching owners, Productive Business Solutions 10.5% preference share lost $49.99 to close at $1,050 with 56 stocks units changing hands at the end of trading and Sygnus Credit Investments C10.5% advanced $2.38 to $104.88 after 380 shares were traded.
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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Wigton pushes JSE Main Market trading

February 11, 2025 by
Trading in Wigton Energy stocks accounted for more than 91 percent of all shares exchanged on the Jamaica Stock Exchange Main Market on Tuesday, pumping up the volume of stocks traded by 770 percent and the value 6 percent more than on Monday, with trading in 58 securities compared with 63 on Monday and ending with prices of 23 rising, 19 declining and 16 ending unchanged.

The market closed with 73,155,105 shares being traded for $128,115,803 up from just 8,404,948 stock units for $117,857,156 on Monday.
Trading ended with an average of 1,261,295 shares for $2,208,893 up from 133,412 stock units at $1,870,749 on Monday. Trading for the month to date ended with an average of 333,249 stock units at $1,869,861 compared with 186,182 shares at $1,816,134 on Monday and versus January that averaged 257,074 stock units at $2,582,065.
Wigton Energy led trading with 66.86 million shares for 91.4 percent of total volume followed by Transjamaican Highway that ended with 3.39 million stock units for 4.6 percent of the day’s trade and Carreras with 503,505 stocks for 0.7 percent of the volume traded.
The All Jamaican Composite Index advanced 645.13 points to 382,678.35, the JSE Main Index gained 129.38 points to end at 330,873.26 and the JSE Financial Index climbed 0.41 points to finish at 68.46. The Investor’s Choice bid-offer indicator shows 11 stocks ending with bids higher than their last selling prices and five with lower offers.
The Main Market ended trading with an average PE Ratio of 14.7. 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 heavy trading in Wigton shares, Berger Paints fell 61 cents to $7.49 with investors swapping 126,404 units, Caribbean Cement popped $3.99 to end at $87 after an exchange of 36,435 shares, Eppley lost $2.50 in closing at $33.50 with a transfer of 309 units. Eppley Caribbean Property Fund increased $2.48 to close at $39.48 trading 3,132 stocks, First Rock Real Estate shed 96 cents and ended at $9 after a transfer of 402 units, Jamaica Broilers climbed 89 cents to finish at $37.30 with 17,712 stocks crossing the exchange. Kingston Wharves rose 71 cents to $30.90 with 5,847 shares changing hands, Massy Holdings declined $1.70 to close at $82 with investors dealing in 6,954 stock units, MPC Caribbean Clean Energy sank $5 in closing at $65 with 3,015 shares switching owners. 138 Student Living skidded 85 cents and ended at $3.25 with 15,929 stock units crossing the market, Sagicor Group gained 70 cents to end at $42 in trading 12,854 units, Scotia Group advanced 80 cents to finish at $56.20 with 24,044 stocks crossing the market and Seprod rallied $4.44 and ended at $88.94 in an exchange of 6,716 units.
In the preference segment, Eppley 7.75% preference share popped 59 cents to $19.99 with investors trading 199 stocks, Jamaica Public Service 7% advanced $3 to close at $43 in an exchange of 58 shares and Sygnus Credit Investments C10.5% sank $5.48 to end at $102.50 with 523 stock units passing through 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

JSE Main Market rallies to start week

February 10, 2025 by
Trading ended with gains for the Jamaica Stock Exchange Main Market on Monday, despite losers beating out winners at the close of the market 26 to 21 rising, with 16 ending unchanged, with the volume of stocks traded falling 52 percent as the value climbed 17 percent over that on Friday, resulting from trading in 63 securities compared with 61 on Friday.

The market closed with 8,404,948 shares being traded for $117,857,156 compared with 17,554,244 stock units at $100,875,544 on Friday.
Trading averaged 133,412 shares at $1,870,749 compared to 287,774 stocks at $1,653,697 on Friday and for the month to date, an average of 186,182 units at $1,816,134 versus 197,154 shares at $1,804,779 on the previous day and January with an average of 257,074 stock units at $2,582,065.
Wigton Energy led trading with 3.68 million shares for 43.8 percent of total volume followed by Transjamaican Highway which ended with 2.0 million stocks for 23.8 percent of the day’s trade and Barita Investments with 1.0 million stock units for 11.9 percent of the day’s trade.
The All Jamaican Composite Index rose 1,249.82 points to end at 382,033.22, the JSE Main Index gained 934.29 points to conclude trading at 330,743.88 and the JSE Financial Index rose 0.08 points to end at 68.05. The Investor’s Choice bid-offer indicator shows 15 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 14.5. 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 $2.99 to close at $83.01 with 42,531 stock units being traded at the close of the day, Eppley gained $1.20 to $36 with 2,335 shares passing through the market, Guardian Holdings dropped $5.50 in closing at $303.50 with 1,879 stocks switching owners. Jamaica Broilers lost 58 cents to finish at $36.41 with investors swapping 9,539 units, Kingston Wharves sank 80 cents and ended at $30.19 with 2,599 stocks crossing the market, Margaritaville dropped 48 cents to $14.20 as investors exchanged 6,979 units. Massy Holdings popped $1.30 to $83.70 with 3,124 shares crossing the market, Pan Jamaica shed $1.09 to close at $52.90 after an exchange of 1,621 stock units, Scotia Group fell $1.57 in closing at $55.40 with investors trading 132,468 shares. Supreme Ventures dipped 60 cents in ending at $20 with 175,407 units crossing the exchange and Sygnus Credit Investments skidded 49 cents to finish at $12.25 with investors dealing in 10,684 stocks.
In the preference segment, 138 Student Living preferred share increased $19.32 to end at $320 in an exchange of 36 stock units. Productive Business Solutions 10.5% preference share jumped $109.99 in closing at $1,099.99 with investors trading a mere 2 shares and Sygnus Credit Investments C10.5% rose $4.48 to $107.98 after a transfer of 2,445 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

ICTOP10 stocks weather stormy week

February 10, 2025 by
Stocks sold off in the past week on the Jamaica Stock Exchange with Junior Market stocks that gained 4 percent during the prior week lost 1.8 percent and the Main Market slipped by nearly 3 percent by the end of the week, not a healthy sign for ICI Top 10 stocks.

Market movements resulted in prices of just two stocks rising and four declining in the Junior Market TOP10 stocks while the Main Market TOP10 ended with three gaining and five falling.
In the Junior Market ICTOP10, Express Catering gained 8 percent to close at $3.30, while Limners and Bards fell by 8 percent to $1.21. Caribbean Flavours followed with a 4 percent fall to $1.25 and Access Financial declined by 3 percent to close at $17.99.
In the Main Market ICTOP10, Key Insurance gained 4 percent to close at $2.29. Scotia Group and Berger Paints lost 5 percent in closing at $56.97 and $7.90 respectively and VM Investment lost 4 percent to close at $2.39.
The JSE TOP10, compiled from all listed ordinary stocks on the Jamaica Stock Estate ended with Lasco Distributors dropping out and replaced by JMMB Group.
JMMB Group returns to the Main Market ICTOP10 after a week’s absence, replacing Caribbean Producers. There is no change in the Junior Market ICTOP10 list.

The average PE for the JSE Main Market ICTOP 10 sits at just 5.4, well below the market average of 14.5 and the Junior Market TOP10 stands at 8.5, more than half of the market, with an average of 13.7.
Based on the earnings projected estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 282 percent by May 2025, providing better values than the Junior Market, projected to achieve a 151 percent increase for the same period.
In the Main Market ICTOP 10, there are 14 stocks with the highest values representing 27 percent of the Main Market, with PEs between 15 to 107, with an average of 31 and 23 excluding the highest PE ratios and a PE of 24 for the top half of the market with the highest values and 18 excluding the stocks with overweight values.
In the Junior Market IC TOP10, 16 stocks or 33 percent of the market have PEs ranging from 15 to 32 with an average of 19 and a PE of 18 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 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.

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