Huge jump for JSE Main Market

June 17, 2021 by

Trading activity pushed the market to trade at levels not seen since early in 2020 as stocks were pushed 10,503 points in less than 30 minutes of the opening, to just over 471,844 points on Thursday, with the market holding on to the bulk of the gains, after more than half the securities trading rose, with the volume of shares exchanged climbing 164 percent and the value 660 percent higher than on Wednesday at the close of the Jamaica Stock Exchange Main Market.
The consolidation of the market from January this year resulted in a wedge formation that set up the market for a big break out that is now happening and led today to one of the biggest gains in the market index since March last year as the All Jamaican Composite Index surged 7,830.58 points to 469,171.84, the JSE Main Index spiked 6,192.88 points to 434,265.91. The JSE Financial Index added 1.96 points to end at 108.15.
A total of 50 securities traded compared to 52 on Wednesday, with 27 stocks rising, 14 declining and nine remaining unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 17.1 based on ICInsider.com’s 2021-22 earnings forecast.
At the close, 23,420,303 shares traded for $432,056,408 versus 8,879,043 units at $56,815,416 on Wednesday. Sagicor Select Financial Fund dominated trading with 64.4 percent of total volume for 15.07 million shares, followed by Wigton Windfarm 15.8 percent with 3.70 million, and Transjamaican Highway contributed 6.6 percent, after trading 1.53 million units and JMMB Group 7.25% 4.8 percent, with 1.08 million units changing hands.
Trading Thursday averaged 468,406 units at $8,641,128, compared to 170,751 shares at $1,092,604 on Wednesday. Trading for the month to date averages 266,342 units at $4,960,806, versus 249,247 units at $4,649,442 on Wednesday. May ended with an average of 439,937 units at $4,698,961.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments advanced $1.90 to $83 with 38,712 shares changing hands, Caribbean Cement declined $3.55 to $90.20 in trading 25,435 stocks, Eppley fell $1 to $44, with 817 shares clearing the market, Eppley Caribbean Property Fund surged $6.95 to $41.95 with the swapping of 113 stock units, First Rock Capital gained 20 cents in ending at $16 in switching ownership of 2,720 stocks. Grace Kennedy advanced $3.66 to a 52 weeks’ closing high of $99.96 trading 76,317 units, Guardian Holdings dropped $6 to finish at $749 after exchanging 508,957 shares, Jamaica Producers popped 95 cents to $24.45 with an exchange of 3,807 shares, JMMB Group ended 71 cents higher at a 52 weeks’ high of $38.50 with the swapping of 125,910 stock units. Kingston Properties rose 73 cents to $11 with 3,929 units crossing the market, Kingston Wharves shed 89 cents to close at $45.61 in exchanging 9,727 stocks, NCB Financial climbed $2.99 to $147.99 with the swapping of 10,462 shares. Palace Amusement spiked $170 to $1,170 in transferring 17 units, Pan Jam Investment advanced $4.65 to close at $69.70 with the swapping of 5,171 stocks, Proven Investments rose $1.88 to $36.88 in switching ownership of 74,184 shares. Sagicor Group dropped $4.24 to $53.66 with 25,338 stocks changing hands, Sagicor Real Estate Fund increased 5 cents to close at a 52 weeks’ high of $9.05, trading 21,349 shares. Scotia Group rose $2.02 to $42 after an exchange of 104,968 shares, Seprod fell $1.70 to $72.30 in trading 10,488 units, Sterling Investments gained 20 cents in closing at $3 with a transfer of 21,700 stocks. Sygnus Credit Investments shed 40 cents in ending at $14.79 with 20,430 stock units crossing the exchange and Wisynco Group gained 54 cents to close at $15.95 in switching ownership of 108,466 shares.

In the preference segment, Community & Workers Credit Union lost 22 cents to end at a 52 weeks’ low of $1.47 with a transfer of 678 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Wigton dominates main market as price dips

June 16, 2021 by

Market activity ended on Wednesday with the market rising after the volume of shares traded fell 60 percent with values down 71 percent compared to Tuesday, with Wigton Windfarm accounting for nearly half of the volume of stocks traded, as the price hit a new 52 weeks’ low as the stock looks technically weak at the close of the Jamaica Stock Exchange Main Market.

At the close, the All Jamaican Composite Index advanced 2,218.44 points to 461,341.26, the JSE Main Index rose 1,596.37 points to end at 428,073.03 and the JSE Financial Index popped 0.67 points to 106.19.
Trading ended with two stocks ending at 52 weeks’ highs and two at lows as 52 securities traded similar to Tuesday, with 19 stocks rising, 22 declining and 11 remaining unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.5 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 8,879,043 shares trading for $56,815,416 versus 22,237,953 units at $198,202,082 on Tuesday. Wigton Windfarm led trading with 46.7 percent of total volume for an exchange of 4.34 million shares, followed by Transjamaican Highway with 17.3 percent for 1.60 million units and Sagicor Select Financial Fund with 5.8 percent for 541,055 units.
The average day’s trade is 170,751 units at $1,092,604, compared to 427,653 shares at $3,811,578 on Tuesday. Trading month to date averages 249,247 units at $4,649,442, in contrast to 256,820 units at $4,992,587 on Tuesday. May ended with an average of 439,937 units at $4,698,961.
Investor’s Choice bid-offer indicator reading is strong, with 17 stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments fell $2.10 to close at $81.10 with the swapping of 17,680 shares. Caribbean Cement lost 26 cents to end at $93.75 in exchanging 5,661 stocks, Eppley spiked $5 to settle at a 52 weeks’ high of $45 with the swapping of 1,270 units. Eppley Caribbean Property Fund plunged $6.90 to $35 in switching ownership of 5,410 stock units, First Rock Capital lost 20 cents ending at $15.80 in an exchange of 3,724 stocks, Grace Kennedy rose $1.30 to $96.30 in transferring 28,487 stock units. Guardian Holdings declined $4.50 to $755 with 3,590 shares changing hands, Jamaica Broilers advanced $2.20 to $35.80 in trading 5,924 units, Jamaica Producers shed 93 cents in closing at $23.50 with a transfer of 46,176 stock units. JMMB Group rose $1.09 to close at a 52 weeks’ high of $37.79 in exchanging 111,569 shares, Margaritaville gained 45 cents to end at $14.75 with 66,800 stock units clearing the market, Mayberry Investments ended 54 cents higher at $6.05 after an exchange of 209,044 shares, Mayberry Jamaican Equities gained 45 cents to close at $9.55 with 115,030 stock units clearing the market. MPC Caribbean Clean Energy picked up 23 cents to end at $116.23 in trading 3,194 units, NCB Financial Group advanced $2 to close at $145 with 50,829 shares crossing the market, Palace Amusement plunged $170 to close at $1,000 with the swapping of 513 stocks. Pan Jam Investment fell $1.51 in closing at $65.05 in transferring 24,696 units, Proven Investments dived $1.90 to finish at $35 in an exchange of 345,327 shares, Sagicor Group spiked $5.90 to $57.90 in switching ownership of 58,795 stock units, Sagicor Real Estate Fund gained 70 cents to end at $9 in an exchange of 1,510 stocks, Salada Foods lost 20 cents to settle at $8 with a transfer of 44,470 shares. Seprod rose 99 cents to close at $74, with 9,423 units crossing the exchange, Supreme Ventures ended 72 cents higher at $20.80 after an exchange of 43,256 stock units, Sygnus Credit Investments gained 57 cents in closing at $15.19 in trading 121,657 stocks. Transjamaican Highway lost 3 cents to end at 52 weeks’ low of $1.17 with an exchange of 1,604,464 units and Wigton Windfarm dropped 4 cents to close at a 52 weeks’ closing low of 57 cents, after hitting an intraday low of 53 cents, with 4,336,688 units clearing the market.

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

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Falling prices set back JSE Main Market

June 15, 2021 by

Market activity ended on Tuesday with 18 stocks rising, 25 declining and nine remaining unchanged with two stocks hitting 52 weeks’ low and one a 52 weeks’ high as 52 securities traded compared to 49 on Monday and led the market into declining with an exchange of 60 percent more shares valued 20 percent less than on Monday at the close of the Jamaica Stock Exchange Main Market.
At the close, the All Jamaican Composite Index dropped 3,021.82 points to 459,122.82, the JSE Main Index declined 2,454.99 points to end at 426,476.66 and the JSE Financial Index shed 1.04 points to 105.52 after Grace Kennedy traded at an intraday high of $100, while Transjamaica Highway and Wigton Windfarm traded at 52 weeks’ low of 90 cents and 55 cents, respectively.
The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.8 based on ICInsider.com forecast of 2021-22 earnings.
The market closed with 22,237,953 shares trading for $198,202,082 versus 13,855,601 units at $248,441,964 on Monday. Wigton Windfarm led trading with 30.6 percent of the volume for 6.80 million shares followed by JMMB Group 7.5% preference share with 18.4 percent for 4.10 million units, Sagicor Select Financial Fund with 9.7 percent for 2.16 million units, Transjamaican Highway with 9.4 percent for an exchange of 2.10 million units, Sagicor Group with 4.8 percent for 1.09 million units and Jamaica Stock Exchange with 4.8 percent for 1.06 million units changing hands.
Trading averages 427,653 shares at $3,811,578, compared to 282,767 units at $5,070,244 on Monday. Trading month to date averages 256,820 units at $4,992,587, in contrast to 238,579 units at $5,118,691 on Monday. May closed with an average of 439,937 units at $4,698,961.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments dipped 25 cents to $83.20 in an exchange of 16,246 shares. Caribbean Cement gained 21 cents to close at $94.01 with the swapping of 90,297 stock units, Eppley spiked $2 to $40 after exchanging 362 shares, Guardian Holdings lost 50 cents in closing at $759.50 with 6,990 stocks crossing the exchange, Jamaica Broilers fell $1.40 to $33.60 with 47,215 units clearing the market. Jamaica Producers rose $1.78 to $24.43 in exchanging 18,443 stocks, JMMB Group advanced $3.60 to close at $36.70 after trading 996,543 stock units as investors reacted positively to full year results. Margaritaville shed 70 cents to settle at $14.30 with a transfer of 26,930 stock units, MPC Caribbean Clean Energy fell 23 cents $116 in trading 41 stock units, NCB Financial dropped $5 to end at $143 in switching ownership of 90,696 shares, Palace Amusement dropped $10 to $1,170, with 11 units changing hands, PanJam Investment declined $3.37 in closing at $66.56 in switching ownership of 28,018 stocks, Proven Investments popped $1.84 to $36.90 in an exchange of 1,641 units. Sagicor Group declined $3 to $52 in transferring 1,091,820 shares, Sagicor Real Estate Fund shed 69 cents to close at $8.30 after exchanging 75,292 units. Scotia Group shed $1 to end at $40 with the swapping of 426,297 shares. Seprod fell 99 cents to $73.01 in trading 14,521 stock units, Stanley Motta ended 51 cents lower at $5.89 after clearing the market with 6,300 shares, Supreme Ventures fell 92 cents to $20.08 with 97,939 stocks crossing the market and Sygnus Credit Investments shed 44 cents to end at $14.62 in transferring 77,877 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Big swing for JSE indices

June 11, 2021 by

Wild swings continue in market activity on Friday, with the All Jamaican Composite Index falling 7,642 points from the day high of 466,915.58 points in the early morning session with Sagicor Group rising to $56.50 from $54 at the close on Thursday to be the main contributor to the early rise. The market failed to hang on to the early gains and declined 2,499.76 points to close at 59,273.23, within the region of resistance.
At the close, the JSE Main Index fell 749.88 points to end at 426,420.61 and the JSE Financial Index slipped 0.09 points to 105.65.
Trading ended with 49 securities compared to 53 on Thursday, with 19 stocks rising, 16 declining and 14 remaining unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 17.1 based on ICInsider.com’s 2021-22 earnings forecast.
The market closed with 18 percent more shares trading than on Thursday, with 12,127,180 shares for $631,548,664, some 232 percent higher than on Thursday, compared to 10,251,097 units at $190,490,762 on Thursday. Wigton Windfarm led trading with 21.5 percent of total volume for an exchange of 2.60 million shares followed by Sagicor Select Financial Fund with 11.6 percent for 1.41 million units and Carreras 10.3 percent with 1.25 million units.
Trading averaged 247,493 units at $12,888,748, compared to 193,417 shares at $3,594,165 on Thursday. Trading month to date averages 233,635 units at $5,124,111, in contrast to 231,890 units at $4,146,046 on Thursday. May ended with an average of 439,937 units at $4,698,961.
Investor’s Choice bid-offer indicator reading has six stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments fell $1.05 to $82.95 with the swapping of 566,393 shares, Caribbean Cement rose $1.07 to $94.99 in switching ownership of 5,026 stock units, Eppley popped 25 cents to $38 in transferring 350 stocks. Grace Kennedy rose 75 cents ending at $94.97 with 232,587 stock units changing hands, Guardian Holdings spiked $15.10 to $760 with 454,106 shares crossing the market, Jamaica Broilers rallied $2.50 to $36.50 after exchanging 106,863 stocks. Jamaica Producers lost 35 cents to finish at $22.65 in trading 751,548 stock units, Jamaica Stock Exchange fell 35 cents to $17.05 with an exchange of 5,545 shares, Margaritaville spiked $1.05 to $15.80 in transferring 3,020 stocks, Mayberry Jamaican Equities rose 70 cents to $9.55 with an exchange of 76,052 stock units, 138 Student Living rallied 30 cents to $5.50 in trading 92,848 stocks, investors slashed $101.92 off the price of Palace Amusement to finish at $1,070 in an exchange of 279 units, Pan Jam Investment dropped $3.50 to $64.50 in trading 52,305 shares, Proven Investments popped $1.50 to $37 after a transfer of 20,778 stock units. Sagicor Group spiked $3 to $57 after 526,416 shares cleared the market. Scotia Group fell 44 cents to close at $39.56, with 124,591 stocks changing hands. Seprod rose 99 cents to $74.99 after exchanging 57,110 stock units, Supreme Ventures gained 50 cents to close at $20.50 after trading 214,253 units and Wisynco Group shed 55 cents to end at $15.40 with 244,402 stock units changing hands.
In the preference segment, Eppley 7.50% preference share surged $1.50 to $11 after exchanging 210 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 pierces resistance

June 10, 2021 by

The main market finally pierced the resistance point around the 460,000 points level at the close of trading, with the All Jamaican Composite Index spiking a strong 5,539.89 points to end trading at 461,772.99, the first close above this point since March 10 last year after 29 stocks recorded gains at the close of market activity on Thursday, but ii it sustainable in the short run? 
Securities trading surged to 53 from 48 on Wednesday, with 29 rising, 18 declining and six ending unchanged. At the close, the JSE Main Index advanced 3,640.24 points to end at 427,170.49 and the JSE Financial Index gained 0.76 points to 105.74.
The PE Ratio, which measures an appropriate relative value of each stock, on Thursday averages 16.9 based on ICInsider.com’s 2021-22 earnings forecast.
A total of 10,251,097 shares traded for $190,490,762 versus 11,255,918 units at $208,802,786 on Wednesday. Scotia Group led trading with 20 percent of the volume after exchanging 2.04 million shares followed by Wigton Windfarm with 13.3 percent for 1.36 million units, Transjamaican Highway 11.2 percent, with 1.14 million units and Sygnus Credit Investments 11.1 percent with 1.10 million units changing hands.
Trading averaged 193,417 units at $3,594,165, compared to 234,498 shares at $4,350,058 on Wednesday. Trading month to date averages 231,890 units at $4,146,046, in contrast to 237,958 units at $4,233,099 on Wednesday. May closed with an average of 439,937 units at $4,698,961.
Investor’s Choice bid-offer indicator reading has eight stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement rallied $2.92 to $93.92 trading 5,699 units, Eppley lost 23 cents to close at $37.75 with 608 stocks crossing the market, Grace Kennedy finished $2.72 higher at $94.22 in exchanging 225,975 shares, Guardian Holdings dropped $5.10 to end at a 52 weeks’ low of $744.90 in transferring 30,017 units. Jamaica Broilers rose $1 to $34 with the swapping of 21,498 stocks, Jamaica Producers closed $1 higher at $23 after exchanging 564 shares, Jamaica Stock Exchange gained 20 cents to finish at $17.40 with an exchange of 11,259 stock units. JMMB Group picked up 30 cents to close at $32.50 in switching ownership of 516,634 shares, Kingston Properties spiked $2.25 to end at a 52 weeks’ high of $11.75 in an exchange of 870 units, Margaritaville gained 25 cents in closing at $14.with the swapping of 48,810 stocks, NCB Financial rose $1.01 to $148 in transferring 35,830 shares, Palace Amusement popped $27.92 to $1,171.92 with an exchange of 109 units. PanJam Investment rose 99 cents to $68 with 1,970 stock units clearing the market, Proven Investments shed 50 cents to close at $35.50 with 14,872 units crossing the market, Sagicor Group rallied $1.25 to a 52 weeks’ closing high of $54 after trading 156,877 stocks, Salada Foods gained 20 cents to end at $8 in trading 38,865 units. Scotia Group shed $1 in ending at $40 after an exchange of 2,042,868 shares, Seprod shed 95 cents to close at $74 with 17,290 units changing hands, Stanley Motta rose 45 cents to $6.45 with 100 stock units crossing the market, Sygnus Credit Investments climbed 30 cents to $15.30 in exchanging 1,103,967 shares and Wisynco Group gained 60 cents to close at $15.95 with a transfer of 33,016 stock units.
In the preference segment, 138 Student Living Preference share shed $1.90 to end at $6 after 200 shares crossed the market, Eppley 8.25% rose 97 cents to $7.93 in trading 1,240 units and JMMB Group 7.25% gained 31 cents to end at $2.31 with 132 stocks 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Fall in JSE Main Market on Wednesday

June 9, 2021 by

Market activity ended on Wednesday, with the market declining after the All Jamaican Composite Index jumped 6,167 points to 462,400 points after a few minutes of the market’s opening, with the volume of shares traded falling 11 percent and the values rising 26 percent compared to Tuesday on the Jamaica Stock Exchange Main Market.
At the close, the All Jamaican Composite Index dropped 1,444.91 points to finish at 456,233.10, the JSE Main Index shed 1,246.35 points to end at 423,530.25 and the JSE Financial Index slipped 0.50 points to 104.98.
Trading ended with 48 securities down from 50 on Tuesday, with 19 stocks rising, 20 declining and nine remaining unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.5 based on ICInsider.com’s 2021-22 earnings forecast.
The market closed with 11,255,918 shares trading for $208,802,786 versus 12,597,611 units at $165,913,276 on Tuesday. Wigton Windfarm led treading with 16 percent of total volume for an exchange of 1.80 million shares followed by Sagicor Select Financial Fund with 13.9 percent for 1.57 million units, Transjamaican Highway ended with 13.6 percent after trading 1.53 million units and Carreras accounted for 9.3 percent, with1.08 million units.
Trading averaged 234,498 units at $4,350,058, versus 251,952 shares at $3,318,266 on Tuesday. Trading month to date averages 237,958 units at $4,233,099, in contrast to 238,535 units at $4,213,605 on Tuesday. May ended with an average of 439,937 units at $4,698,961.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments shed 51 cents to $83.99, with 20,665 shares crossing the market. Caribbean Cement declined $2 to $91 after exchanging 33,900 units, Carreras lost 20 cents to close at $10 after a transfer of 1,076,866 shares. Eppley popped $1.98 to $37.98 in trading 2,179 units. Grace Kennedy rallied 50 cents to $91.50 in exchanging 468,812 stocks, Guardian Holdings declined $10 to close at $750 in switching ownership of 21,399 stock units. Jamaica Broilers shed 60 cents to end at $33 with 42,614 shares changing hands, Jamaica Producers closed 80 cents lower at $22 after 122,007 stocks crossed the market, JMMB Group gained 26 cents to end at $32.20 in exchanging 431,524 shares. Margaritaville picked up 20 cents in closing at $14.50 with a transfer of 9,500 units. Mayberry Investments dipped 50 cents to finish at $5.50 in an exchange of 32,829 stocks, Mayberry Jamaican Equities closed 24 cents higher at $8.99 in trading 47,927 units, NCB Financial fell $1.01 to $146.99 with 323,338 shares changing hands. Palace Amusement spiked $144 in closing at $1,144 after switching ownership of 364 units. PanJam Investment fell 99 cents to $67.01 trading 22,843 stocks, Proven Investments shed $1 in closing at $36 after a transfer of 701,801 shares, Sagicor Group rose 70 cents to $52.75 with 323,788 shares crossing the market. Sagicor Real Estate Fund popped 64 cents to $8.99 with the swapping of 294 stock units, Scotia Group shed 55 cents to close at $41 in exchanging 78,321 units. Seprod rallied $1.93 to $74.95 in trading 101,870 shares and Supreme Ventures declined 99 cents to $19.91 with an exchange of 75,612 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 closes higher

June 8, 2021 by

Trading continued on Tuesday where it left off Monday, resulting in a second day with 50 securities, changing hands and ended with 20 stocks rising, 19 declining and 11 remaining unchanged, resulting in a rise in the market after more stocks rose than declined, with an exchange of 75 percent more shares valued 33 percent higher than on Monday, at the close of the Jamaica Stock Exchange Main Market.
At the close of trading, the All Jamaican Composite Index climbed 678.47 points to finish at 457,678.01, just a few thousand points away from resistance around the 460,000 mark. The JSE Main Index rose 718.60 points to end at 424,776.60 and the JSE Financial Index popped 0.30 points to 105.48.
The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.4 based on ICInsider.com’s 2021-22 earnings forecast.
The market closed with 12,597,611 shares trading for $165,913,276 versus 7,181,910 units at $124,879,752 on Monday. Wigton Windfarm led trading with 54.7 percent of total volume for 6.90 million shares, followed by Sagicor Select Financial Fund with 8.8 percent after trading 1.1 million units and Sygnus Credit Investments with 8.1 percent for 1.02 million units.
Trading averaged 251,952 units at $3,318,266, up from 143,638 shares at $2,497,595 on Monday. Trading month to date averages 238,535 units at $4,213,605, in contrast to 235,716 units at $4,401,702 on Monday. May ended with an average of 439,937 units at $4,698,961.
Investor’s Choice bid-offer indicator shows eleven stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments shed 74 cents in ending at $84.50 with 74,783 stock shares crossing the market, Caribbean Cement fell $2 to $93, with 6,950 stocks clearing the market, Eppley rallied $1 to $36 in exchanging 9,253 units, First Rock Capital fell 38 cents to $16.10 after transferring 8,982 units, Grace Kennedy spiked $3.40 to $91 with 196,583 shares clearing the market. Guardian Holdings popped $20 to $760 with the swapping of 93,614 stocks, Jamaica Broilers slipped 60 cents to $33.60 in exchanging 4,852 units, Jamaica Stock Exchange rose 20 cents to $17.20 with 10,170 stocks crossing the market. JMMB Group popped 24 cents higher to $31.94 in exchanging 178,970 shares, Key Insurance shed 33 cents in closing at $5.07 in switching ownership of 341,486 stock units. Kingston Properties jumped $1.04 to $9.50 with a transfer of 11,343 units, Kingston Wharves closed 50 cents lower at $46 trading 9,637 stock units, Mayberry Jamaican Equities gained 25 cents in closing at $8.75 after exchanging 1,000 units, MPC Caribbean Clean Energy dropped $8.93 to $116.07 in trading 156 stock units, NCB Financial spiked $5 to $148 with 100,722 shares changing hands. Palace Amusement nosedived $148.56 to $1,000 in switching ownership of 378 units, PanJam Investment slid $1 to $68 in exchanging 1,997 stock units, Proven Investments rallied $1.47 to $37 with a transfer of 15,719 units. Sagicor Group fell 70 cents to $52.05 after 91,205 stock units crossed the exchange. Sagicor Real Estate Fund shed 64 cents to $8.35 with the swapping of 15,100 shares, Scotia Group gained 55 cents to $41.55 in trading 10,068 stocks. Seprod rose $1.02 to $73.02 in an exchange of 19,247 stock units, Supreme Ventures popped 90 cents higher to $20.90 in switching ownership of 26,108 units and Sygnus Credit Investments rallied 70 cents to $15 in trading 1,016,997 stocks.
In the preference segment, JMMB Group 7.15% – 2028 fell 35 cents to $2.90 trading 14,000 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Fall in trading on the JSE Main Market

June 7, 2021 by

Market activity ended on Monday with only the All Jamaican Composite rising, after an exchange of 66 percent fewer shares valued 70 percent less than on Friday on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index rose 603.81 points to 456,999.54, the JSE Main Index shed 210.23 points to end at 424,058.00 and the JSE Financial Index lost 0.65 points to settle at 105.18.
Trading ended with 50 securities up from 45 on Friday, with 20 stocks rising, 21 declining and nine remaining unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.4 based on ICInsider.com forecast of 2021-22 earnings.
The market closed with 7,181,910 shares trading for $124,879,752 versus 21,218,791 units at $209,043,560 on Friday. Transjamaican Highway led trading with 10.9 percent of total volume for an exchange of 816,127 shares followed by Mayberry Jamaican Equities with 9.2 percent for 690,800 units and JMMB Group 7.35% – 2028 with 9.2 percent for 689,000 units changing hands.
Trading averaged 143,638 units at $2,497,595, compared to 471,529 shares at $4,645,412 on Friday. Trading month to date ended with a average of 235,716 units at $4,401,702, in contrast to 260,205 units at $4,908,113 on Friday. May closed with an average of 439,937 units at $4,698,961.
Investor’s Choice bid-offer indicator reading has 13 stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints advanced $2.07 to $15.95 with 186 stocks crossing the market, Caribbean Cement popped $3 higher to close at a 52 weeks’ high of $95 with an exchange of 38,686 shares. Carreras gained 41 cents to finish at $10.21 in switching ownership of 219,337 units, Eppley fell $1.25 to $35 after an exchange of 7,136 shares, First Rock Capital rallied 23 cents to $16.48 with 46,809 units clearing the market, Grace Kennedy slipped 40 cents to $87.60 after transferring 61,182 shares. Guardian Holdings dropped $20 to close at a 52 weeks’ low of $740 with an exchange of 43,023 stocks, Jamaica Broilers rallied $2.40 to $34.20 with swapping 89,510 units, Jamaica Producers lost 20 cents to end at $22.80 in transferring 176,363 stocks. Jamaica Stock Exchange slipped 36 cents to $17 with 241,255 shares changing hands, Margaritaville edged 90 cents lower to $14.30 in trading 11,343 units, Mayberry Jamaican Equities fell 35 cents to $8.50 in exchanging 690,800 shares, MPC Caribbean Clean Energy dipped $2 to $125 with an exchange of 18 units, NCB Financial spiked $2 higher to $143 in switching ownership of 216,520 stock units. Palace Amusement surged $153.56 to $1,148.56, after hitting $1,250 in early trading with a transfer of 663 units, Sagicor Real Estate Fund rose 64 cents to $8.99 in trading 10 shares, Scotia Group fell $1 to $41 after exchanging 8,110 stock units, Seprod advanced $1 to $72 in switching ownership of 16,611 shares and Sygnus Credit Investments shed 70 cents to finish at $14.30 in exchanging 94,468 units.
In the preference segment, Jamaica Public Service 9.5% dropped $10 to $1,690 with an exchange of 2,000 shares.

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

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JSE Main Market fails to hold early gains

June 4, 2021 by

Market activity on Friday led to a fall in the value of stocks after an exchange of 152 percent more shares valued 99 percent higher than on Thursday as advancing stocks just edged out those declining at the close of trading on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index dropped 1,636.66 points to 456,395.73 after it hit 459,788.11 points at the market’s opening, the highest it had been since early March last year. The JSE Main Index fell 1,361.86 points to end at 456,395.73 and the JSE Financial Index slipped 0.7 points to settle at 105.83.
Overall, 45 securities traded down from 48 on Thursday, as 18 stocks gained, 17 declined and 10 remaining unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.2 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 21,218,791 shares trading for $209,043,560 versus 8,415,642 units at $105,241,816 on Thursday. Carreras controlled 48.2 percent of total volume, with 10.24 million shares, followed by Wigton Windfarm with 24.5 percent for 5.19 million units and Sagicor Select Financial Fund 7.3 percent, with 1.55 million units changing hands.
Trading averaged 471,529 units at $4,645,412, compared to 175,326 shares at $2,192,538 on Thursday. Trading month to date averages 260,205 units at $4,908,113, in contrast to 193,705 units at $4,990,781 on Thursday. May closed with an average of 439,937 units at $4,698,961.
Investor’s Choice bid-offer indicator shows 13 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement rallied $2 to $92 in exchanging 25,887 shares, Carreras dropped 42 cents to $9.80 after crossing the market with 10,236,701 shares, First Rock Capital rose 25 cents to $16.25 in trading 13,437 units. Grace Kennedy dipped $1.45 to $88 with 53,744 stocks clearing the market, Jamaica Broilers slumped $3.20 to $31.80 with 15,774 units crossing the exchange, Jamaica Stock Exchange popped 33 cents to $17.36 in the swapping of 256,083 shares. Kingston Wharves picked up 30 cents in closing at $46.50 after exchanging 320 units, Margaritaville spiked $1.20 higher at $15.20 with a transfer of 7,795 stocks, Mayberry Investments shed 69 cents to end at $5.70 in an exchange of 63,862 shares, NCB Financial Group dropped $2.89 to $141 with the swapping of 91,318 units, Palace Amusement popped $9.80 to $995 trading 44 stocks. Pan Jam Investment fell $1 to $69 with 8,025 units changing hands, Proven Investments fell $1.50 to $35.50 in switching ownership of 8,702 shares, Sagicor Real Estate Fund dipped 64 cents to $8.35 with an exchange of 9,999 stock units. Scotia Group rose 90 cents to $42, with 259,313 shares crossing the exchange, Seprod swung $3.02 lower to $71 with the swapping of 56,990 stocks, Stanley Motta gained 23 cents to close at $6.03 in trading 1,027 units. Sterling Investments popped 23 cents lower to $3.06 after exchanging 185,283 shares, Supreme Ventures gained 35 cents in ending at $19.90, with 17,150 stocks clearing the market, Sygnus Credit Investments shed 30 cents to end at $15 after an exchange of 110,835 stock units. Victoria Mutual Investments rose 37 cents to $6.48 after transferring 209,147 shares and Wisynco Group fell 37 cents to $15.43 with 323,590 stocks crossing the market.
In the preference segment, JMMB Group 7.5% lost 6 cents to finish at 78 cents in transferring 150 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Main market stocks face major resistance

June 3, 2021 by

Main Market indices spiked on Thursday on reduced trading to close at the highest level since March 11 last year, with the All Jamaican Composite Index rocketed up 6,361.57 points to 458,032.39 and bettering the March 11 close of 556,092.64, still below the previous day’s 460,418.78 points close.

The parallel black lines form a channel for the JSE All jamaica Composite Index with the index now touching the top line. (Resistance).

The JSE Main Index spiked 5,470.02 points  425,630.09, just ahead of March 10, 2020, close, but below that of March 9 at 436,435.40 and the JSE Financial Index rose 1.42 points to settle at 105.90. The market is trading right up on the upper level of resistance of an upward sloping channel and could face major challenges in breaking through, in the short term.
A total of 48 securities traded against 47 on Wednesday, with 24 stocks rising, 14 declining and 10 closing unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.3 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with the volume and value traded declining 30 percent and 75 percent, respectively compared to Wednesday as 8,415,642 shares changed hands for $105,241,816 versus 12,077,813 units at $416,350,090 on Wednesday. Wigton Windfarm led trading with 32.6 percent of total volume for 2.74 million shares, followed by Sagicor Select Financial Fund with 19.3 percent for 1.63 million units and Pulse Investments with 9.1 percent after 768,244 units changed hands.
Trading averaged 175,326 units at $2,192,538, compared to 256,975 shares at $8,858,513 on Wednesday. Trading month to date averages 193,705 units at $4,990,781, in contrast to 202,991 units at $6,404,631 on Wednesday. May closed with an average of 439,937 units at $4,698,961.
Investor’s Choice bid-offer indicator reading has 14 stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Berger Paints dived $2.26 to $13.79 in an exchange of 4,220 shares, Caribbean Cement popped $4.29 to $90 after a transfer of 5,060 stock units, Eppley spiked $4.25 higher at $36.25 with 2 units changing hands. Grace Kennedy shed 47 cents to end at $89.45 in trading 19,101 stock units, Guardian Holdings climbed $15 to close at $760 after clearing the market with 70,560 shares. Jamaica Producers dropped $1.50 to $23 in trading 73,386 stocks, Kingston Properties gained 39 cents to close at $8.46 in switching ownership of 3,915 stock units, Kingston Wharves lost 30 cents to end at $46.20 with the swapping of 951 units. Mayberry Investments rallied 89 cents to $6.39 in exchanging 455 shares, NCB Financial ended 89 cents higher at $143.89 after 30,479 stocks crossed the market, Palace Amusement dropped $34.80 to $985.20 in an exchange of 28 units. Proven Investments climbed $1.49 to $37 with a transfer of 31,764 stocks. Sagicor Group rallied 75 cents to $52.75 in trading 19,901 shares. Sagicor Real Estate Fund hammered out a 64 cents gain to end at $8.99 with 435 shares changing hands. Seprod rose $1.02 to $74.02 in switching ownership of 9,931 units, Supreme Ventures lost 45 cents in ending at $19.55 with 8,939 stocks crossing the exchange. Sygnus Credit Investments gained 30 cents to settle at $15.30 in trading 25,434 stock units, Victoria Mutual Investments slipped 39 cents to $6.11 in the transfer of 185,406 shares and Wisynco Group popped 60 cents to $15.80 with the swapping of 130,777 stocks.
In the preference segment, Eppley 7.5% preference share spiked $2.31 to close at 52 weeks’ high of $9.50, trading 100 units and JMMB Group 7.15% – 2028 gained 43 cents ending at $3.25 with 59,930 stocks crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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