Stock losses for JSE US Market

Trading ended with the market declining after investors exchanged 39 percent fewer shares for 32 percent less funds on Tuesday than on Monday, on the Jamaica Stock Exchange US dollar market, resulting from declining stocks dominating market activity.
Trading ended with no stocks rising after five securities changed hands, up from four on Monday and ended with four stocks declining and one remaining unchanged. The JSE US Denominated Equities Index slipped 0.91 points to end at 184.82.
The PE Ratio, a measure that computes appropriate stock values, averages 11.5 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall 110,662 shares traded for US$11,208 compared to 180,46 units at US$16,528 on Monday.
Trading averaged 22,132 units at US$2,242 compared to 45,115 shares at US$4,132 on Monday and month to date averages 93,349 at US$10,315 versus 98,436 units at US$10,892 on Monday. August ended with an average of 210,413 units for US$12,959.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Margaritaville shed 0.25 of a cent to 8.75 US cents with an exchange of 61,940 shares, Proven Investments fell 0.2 of a cent to 22.8 US cents with 9,402 stocks traded, Sterling Investments declined 0.24 of a cent to 1.9 US cents with a transfer of 30,205 units and Sygnus Credit Investments USD share dipped 0.6 of a cent to 12.3 US cents with 7,130 stock units crossing the exchange.
In the preference segment, JMMB Group 6% traded 1,985 shares at US$1.01.

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

Rising stocks outpace losers

Trading closed on Tuesday, with the volume of stocks traded rising 64 percent higher, with the value traded increasing 47 percent over Monday as the Junior Market of the Jamaica Stock Exchange ended with two stocks rising for everyone declining.
Market activity ended with 38 securities trading similar to Monday after 16 stocks rose, eight declined and 14 ended unchanged. The Junior Market Index rose 1.69 points to  3,218.89. The PE Ratio, a measure used in computing appropriate values for stocks, averages 12.1 based on ICInsider.com’s 2021-22 earnings forecast.

A total of 10,904,334 shares traded for $35,164,246 compared to 7,417,126 units at $21,433,263 on Monday. Limners and Bards led trading with 43.7 percent of total volume after trading 4.76 million shares followed by Future Energy Source 31 percent, with 3.38 million units and Jamaican Teas 7.9 percent, with 858,909 shares.
Trading averaged 286,956 units at $925,375 versus 195,188 shares at $564,033 on Monday and month to date, an average of 209,206 units at $609,671, compared to 203,402 units at $586,102 on Monday. August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and three with lower offers.
At the close, Access Financial lost $1.48 in ending at $20.01 with 22,295 shares clearing the market, Blue Power spiked 62 cents to $3.37 with the swapping of 5,947 units, CAC 2000 gained 60 cents in closing at $9.10 after trading 5,000 stock units. Cargo Handlers increased 10 cents to $7.40 in an exchange of 3,999 stocks, Caribbean Assurance Brokers popped 4 cents to $1.79 with an exchange of 14,957 stock units, Consolidated Bakeries shed 20 cents to $1.60, with 7,360 shares changing hands. Everything Fresh dropped 6 cents in closing at 90 cents in switching ownership of 128,541 units, Express Catering rallied 60 cents to $4.90 while exchanging 4,635 stocks, Fontana fell 5 cents to end at $6.10 after 298,234 shares changed hands. Honey Bun declined 20 cents to close at $8 in trading 58,950 stocks, Lasco Financial fell 15 cents to $3 after exchanging 35,012 stock units, Limners and Bards rose 35 cents in closing at $3.65, after 4,761,862 units crossed the exchange. Lumber Depot climbed 8 cents to $2.98, with 353,242 stock units crossing the market, Mailpac Group rose 8 cents to $3.68 after trading 77,351 stocks, Medical Disposables advanced 53 cents to $5 in an exchange of 100 units. Stationery and Office Supplies rose 88 cents in closing at $6.78 after an exchange of 6,569 shares and tTech lost 15 cents to end at $4.35 with 30,100 stock units clearing the market, but after trading at a 52 weeks’ intraday low of $3.60.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Rising stocks dominate JSE USD Market

Trading on the JSE USD market closed on Monday, with the volume of shares changing hands rising by 27 percent as the value jumped 337 percent over Friday trades and resulting in more stocks rising than falling.
Trading ended with four securities changing hands, compared to five on Friday, with prices of three rising and one remaining unchanged.
The JSE US Denominated Equities Index rallied by 4.03 points to end at 185.73.
The PE Ratio, a measure that computes appropriate stock values, averages 11.7 based on ICInsider.com’s forecasted earnings for 2021-22.
Overall, 180,461 shares traded for US$16,528 compared to 142,093 units at US$3,779 on Friday.
Trading averaged 45,115 units at US$4,132 compared to 28,419 shares at US$756 on Friday, while the month to date averages 98,436 at US$10,892 versus 101,668 units at US$11,301 on Friday. August ended with an average of 210,413 units for US$12,959.
Investor’s Choice bid-offer indicator shows no stock ended with the bid higher than the last selling price and one closed with a lower offer.
At the close, Proven Investments advanced by 0.94 of a cent to 23 US cents after trading 2,215 shares, Sterling Investments ended at 2.14 US cents with 51,201 stocks traded, Sygnus Credit Investments US$ share rose 0.4 of a cent to finish at 12.9 US cents with 118,167 stock units changing hands and Transjamaican Highway gained 0.08 of a cent to settle at 0.89 US cents with 8,878 units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Modest slippage for Main Market

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Market activity ended on Monday with the volume of shares traded jumping 66 percent higher and the value rising 21 percent more than in trading on Friday on the Jamaica Stock Exchange Main Market as stocks rising were fewer than those declining.
The All Jamaican Composite Index shed 533.05 points to settle at 446,260.46, the Main Index declined 448.18 points to 406,502.58 and the JSE Financial Index lost 0.20 points to end at 98.82.
Trading ended with 51 securities similar to Friday, with 15 stocks rising, 18 declining and 18 ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.5 based on ICInsider.com.’s forecast of 2021-22 earnings.
The market closed with 6,587,765 shares trading for $59,809,086 versus 3,971,368 units at $49,614,466 on Friday. Wigton Windfarm led trading with 22 percent of total volume for an exchange of 1.45 million shares followed by Transjamaican Highway with 17.1 percent after trading 1.13 million units and Pulse Investments 9.3 percent with 609,373 units.
Trading averages 129,172 units at $1,172,727, compared to 77,870 shares at $972,833 on Friday and month to date, an average of 319,241 units at $3,702,393, compared to 334,040 units at $3,899,360 on Friday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and none ended with lower offers.
At the close, Berger Paints shed 61 cents after ending at $13.13 in trading 11,324 shares, Caribbean Cement rallied $1.03 to $102.03 with an exchange of 5,384 stocks, Guardian Holdings popped $2 to $592 after an exchange of 5 stock units. Jamaica Stock Exchange rose 75 cents to $17.75 in trading 57,723 units, JMMB Group shed 24 cents to close at $35.50, with 115,314 shares crossing the market, Kingston Wharves fell 49 cents to $46.51 with the swapping of 712 stocks, NCB Financial gained 49 cents after ending at $129 in an exchange of 14,188 shares. PanJam Investment spiked 50 cents to close at $62.50 in switching ownership of 9,994 stock units, Seprod advanced $1.99 to end at $66 with 15,237 units clearing the market, Supreme Ventures dropped 20 cents to $17.80 in trading 4,260 units, Victoria Mutual Investments rose 27 cents in closing at $5.65 after trading 95,734 stocks.
In the preference segment, Eppley 7.75% rose 50 cents to $20.50 with 400 stock units crossing the exchange.

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

Falling stocks clobber gainers

Declining stocks controlled trading closed on Monday, with the volume of stocks traded surging 118 percent higher, with the value rising 112 percent over Friday trades and leading to a decline in the Junior Market of the Jamaica Stock Exchange.
Market activity led to 38 securities trading compared to 36 on Friday and ended, with seven rising, 22 declining and nine ending unchanged. At the close, the Junior Market Index lost 31.27 points to settle at 3,217.20.
The PE Ratio, a measure used to compute appropriate stock values, averages 12 based on ICInsider.com’s earnings forecast for 2021-22.
A total of 7,417,126 shares traded for $21,433,263 compared to 3,408,470 units at $10,100,692 on Friday.
Future Energy Source led trading with 30.4 percent of total volume after an exchange of 2.26 million shares followed by Limners and Bards 19.8 percent with 1.47 million units and Derrimon Trading 11.3 percent with 837,570 shares.
Trading averaged 195,188 units at $564,033 in contrast to 94,680 shares sat $280,575 on Friday and month to date, an average of 203,402 units at $586,102, compared to 204,065 units at $587,883 on Friday. August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AMG Packaging rose 5 cents to $1.71 in switching ownership of 23,781 shares, Blue Power fell 70 cents to $2.75, with 1,000 stock units crossing the exchange, CAC 2000 shed 65 cents in closing at $8.50 with an exchange of 9,395 units. Cargo Handlers declined 70 cents to $7.30 after exchanging 4,850 stocks, Caribbean Assurance Brokers lost 5 cents to close at $1.75, with 13,929 stock units changing hands, Caribbean Cream dropped 5 cents to $6, with 8,408 shares crossing the market. Consolidated Bakeries declined 10 cents to $1.80, trading 642 stock units, Elite Diagnostic lost 4 cents to close at $3.03 in trading 23,400 units, Express Catering shed 20 cents to $4.30 in exchanging 68,756 stocks. Fosrich climbed 8 cents to $8.10 after exchanging 2,042 units, Future Energy Source spiked 36 cents to $2.80 in trading 2,255,199 shares. General Accident dropped 24 cents to close at $5.30, with 230,444 stocks crossing the market, GWest Corporation fell 20 cents to 83 cents with the swapping of 11,048 shares, Honey Bun declined 78 cents in closing at $8.20 while exchanging 9,677 units. Indies Pharma lost 23 cents to close at $3.17 in an exchange of 11,606 stock units, Knutsford Express shed 15 cents to $6.85 in exchanging 1,011 units, Lasco Distributors popped 12 cents to $3.82 with 3,067 shares crossing the exchange. Limners and Bards fell 50 cents to $3.30 with the swapping of 1,469,967 units. Lumber Depot declined 10 cents in closing at $2.90 after exchanging 683,558 shares, Mailpac Group rallied 10 cents to $3.60 after trading 72,669 stocks, Medical Disposables dropped 47 cents to $4.47, with 343,907 stock units clearing the market. Stationery and Office Supplies shed 70 cents ending at $5.90 with 2,800 units crossing the exchange and Tropical Battery lost 4 cents to close at $1.27 while exchanging 69,176 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

The big winners from tourism rebound

Jamaica tourism arrival numbers are approaching 80 percent of the 2019 figures. That is good news for the country, workers in the industry, and businesses close to the hotel areas and has major implications for listed companies.  

Caribbean Producers back in TOP 10

Recent data of inward bound passengers through the country’s international airports suggest that tourist arrivals for 2021 will be robust and at levels that far surpass that of 2020. Not only will the numbers exceed that of 2020, but the most lucrative period of December to April when visitor arrival numbers are some of the best monthly patronages, but the rates paid to visit are at the highest for the year.
The rebound means more revenues for the government, more foreign exchange earnings for the country, more wages paid to workers and more income for persons and companies providing goods and services to the sector.
The big winners for listed companies are Caribbean Producers, a major supplier of goods to sector in Jamaica and St Lucia. Everything Fresh is also a significant supplier to the sector in Jamaica and should see a rise in sales, Express Catering generates all its income from the industry, with its locations within the Sangster International Airport and Dolphin Cove with its attractions being a big draw for tourists.

Dolphin Cove

Others to benefit to a lesser degree are GraceKennedy, Wisynco, Jamaica Broilers, Knutsford Express and Fontana, the latter, with stores in Ocho Rios and Montego that sell to the visitors.
The rebound has significant implications for the foreign exchange market in 2022. In 2019, the tourism sector earned around $3 billion and just $1 billion in 2020. A return to 2019 visitor arrival number should see another $2 billion gross generated by the country than for 2020 and 2021, along with the billion increase in remittances since 2019 if maintained into 2022, should result in one of the most buoyant foreign exchange environment for the county.

Modest gain for JSE Main Market

Stock market activity ended on Friday with the volume of shares trading diving 64 percent lower, with the value down 84 percent compared to Thursday, to close out the week on the Jamaica Stock Exchange Main Market after rising stocks were overshadowed by those declining.
The All Jamaican Composite Index mustered a 91.03 points rise to 446,793.51, the Main Index picked up 309.70 points to end at 406,950.76 and the JSE Financial Index popped 0.20 points to 99.02.
Trading impacted 51 securities compared to 56 on Thursday, with 15 rising, 21 declining and 15 ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.5 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 3,971,368 shares trading for $49,614,466 versus 10,979,111 units at $317,868,201 on Thursday. Wigton Windfarm led trading with 22.1 percent of total volume after trading 875,782 shares followed by Transjamaican Highway 13.4 percent with 532,718 units and Pulse Investments with 10.7 percent for an exchange of 423,546 units.
Trading averages 77,870 units at $972,833, compared to 196,056 shares at $5,676,218 on Thursday and month to date, an average of 334,040 units at $3,899,360, compared to 355,670 units at $4,146,467 on Thursday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Berger Paints popped 24 cents to $13.74 in transferring 7,300 stock units, Eppley shed 50 cents to $38.50 in exchanging 2,022 shares, First Rock Capital declined 60 cents $12, with 25,883 stocks crossing the exchange, GraceKennedy dropped $1.65 to close at $100 with the swapping of 175,051 units. Guardian Holdings rallied $10 to end at $590 after exchanging 106 stock units, Jamaica Broilers fell 99 cents to $28.51 with an exchange of 10,301 stock units, JMMB Group advanced 92 cents to $35.74 trading 40,347 stocks. Margaritaville dipped 50 cents to $14.20 in an exchange of 1,000 units, NCB Financial climbed 50 cents to end at $128.51 in switching ownership of 7,213 shares, PanJam Investment fell $3 in closing at $62 while exchanging 20,802 stock units.Proven Investments gained 40 cents to close at $32 in an exchange of  3,050 units, Seprod shed $1.99 to close at $64.01, with 2,316 shares changing hands, Stanley Motta spiked 55 cents to $5.60 after 1,355 stock crossed the market, Supreme Ventures rose 49 cents to $18, with 12,588 shares clearing the market and Wisynco Group lost 33 cents in ending at $15.65 and trading 61,336 stocks.

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

Gains for JSE US market to close week

Trading on the US dollar market of the Jamaica Stock Exchange ended on Friday with the index advancing after investors exchanged 97 percent fewer shares than on Thursday, with 99 percent less value, resulting in an even number of stocks rising and falling.
Similar to Thursday, trading on Friday ended with five securities changing hands, with the prices of one rising, one declining and three remaining unchanged.
The US Denominated Equities Index popped 1.44 points to end at 181.70.
The PE Ratio, a measure that computes appropriate stock values averages 11.5 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 142,093 shares traded for just US$3,779 down from 4,784,977 units at US$360,436 on Thursday. Trading averaged 28,419 units at US$756 versus 956,995 shares at US$72,087 on Thursday, with an average of 101,668 shares at US$11,301, month to date, versus 107,672 units at US$12,166 on Thursday. August ended with an average of 210,413 units for US$12,959.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Capital fell 0.5 of a cent to 7 US cents with an exchange of 8,000 shares, Margaritaville remained at 9 US cents with 9,000 units traded, Proven Investments rose 0.04 of a cent to finish at 22.06 US cents with 1,938 stocks changing hands. Sygnus Credit Investments USD share settled at 12.5 US cents with the switching ownership of 8,155 stock units and Transjamaican Highway finished trading at 0.81 US cents with 115,000 shares crossing the exchange.

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

Junior Market bounces but ends week lower

Trading on the Jamaica Stock Exchange Junior Market closed on Friday and broke the three-day losing streak after trading volume and value slipped marginally from Thursday’s levels as the market ended the day with winning stocks beating out losers, two to one.

Overall, 36 securities traded compared to 34 on Thursday with 17 rising, eight declining and 11, closing unchanged. The Junior Market Index rose 26.84 points to 3,248.47 in closing marginally down from the previous week’s close.
The PE Ratio, a measure used to compute appropriate stock values, averages 12 based on ICInsider.com’s 2021-22 earnings forecast.
Trading saw an exchange of  3,408,470 shares for $10,100,692 compared to 3,546,854 units at $10,614,625 on Thursday. Limners and Bards led trading with 762,073 shares accounting for 22.4 percent of total volume, followed by Future Energy Source with 720,763 units for 21.1 percent of the day’s trade and Lumber Depot 18.6 percent with 634,727 shares.
Trading averaged 94,680 units at $280,575 versus 104,319 shares at $312,195 on Thursday and month to date an average of 204,065 units at $587,883, compared to 213,117 units at $613,315 on Thursday. August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows no stock ending, with a bid higher than the last selling price and one with a lower offer.
At the close, Blue Power spiked 14 cents to $3.45 trading 2,083 shares, Cargo Handlers rose $1.02 to close at $8, with 60 stock units crossing the market, Caribbean Assurance Brokers rallied 5 cents to end at $1.80, with 110,393 stock units changing hands. Caribbean Cream declined 35 cents in closing at $6.05 while exchanging 34,021 units, Consolidated Bakeries climbed 11 cents to $1.90, with 6,588 stock units crossing the exchange. Dolphin Cove increased 85 cents to $10.15 with an exchange of 2 stocks, Fosrich shed 12 cents to end at $8.02 in exchanging 40,354 shares, General Accident popped 17 cents to $5.54 in an exchange of 174 stock units, GWest Corporation rallied 8 cents in closing at $1.03 with the swapping of 13,000 stocks. Indies Pharma advanced 23 cents to $3.40 after exchanging 250 units, Lasco Distributors dropped 17 cents to close at $3.70, with 24,848 stock units changing hands, Limners and Bards fell 18 cents to $3.80 after exchanging 762,073 units. Lumber Depot climbed 7 cents to $3, trading 634,727 stock units, Main Event popped 44 cents to $4.20 while exchanging 500 shares, Stationery and Office Supplies increased 69 cents to $6.60 after 1,444 units crossed the market and tTech rose 30 cents to $4.50 in exchanging 749 stock units.
In the preference segmentCAC 2000 9.5% preference share popped 10 cents in closing at $1 with the swapping of 1,021 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading surges on JSE Main Market

Market activity sent shares trading 111 percent up as the value surged 449 percent over Wednesday performance at the end of trading on Thursday as the Jamaica Stock Exchange Main Market suffered a minor decline in the main indices even as rising stocks exceeded those declining by nearly a third percent.
The All Jamaican Composite Index dipped 77.60 points to settle at 446,702.48, the Main Index fell 447.04 points to 406,641.06 and the JSE Financial Index lost 0.09 points to end at 98.82.
Trading ended with 56 securities, up from 54 on Wednesday, with 23 stocks rising, 18 declining and 15 ending unchanged.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.5 based on ICInsider.com’s 2021-22 earnings forecast.
The market closed with 10,979,111 shares trading for $317,868,201 versus 5,205,273 units at $57,933,745 on Wednesday. Barita Investments led trading with 25 percent of total volume after exchanging 2.74 million shares followed by Sagicor Select Manufacturing & Distribution Fund with 14 percent for 1.54 million units, Wigton Windfarm 12.8 percent with 1.41 million units and Sagicor Select Financial Fund 9.5 percent with 1.04 million shares changing hands.
Trading averages 196,056 units at $5,676,218, compared to 96,394 shares at $1,072,847 on Wednesday and month to date, an average of 355,670 units at $4,146,467, compared to 371,981 units at $3,990,142 on Wednesday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement dropped $3.90 to close at $101 with the swapping of 12,496 shares, Eppley dipped $1 to $39 trading 675 stock units, Eppley Caribbean Property Fund dropped $4.16 to $37.25 in trading 2,868 units. Guardian Holdings dived $15 to $580 with 8,301 stocks clearing the market, Jamaica Broilers rose $1.50 to $29.50, with 48,138 stocks crossing the exchange, Jamaica Stock Exchange declined 28 cents to $17.17 in an exchange of 16,199 units. JMMB Group shed 92 cents to $34.82, with 327,972 shares changing hands, Kingston Properties fell 34 cents to end at $9.50 with an exchange of 2,852 stock units, Kingston Wharves rallied 50 cents to $47 in switching ownership of 1,400 units. Margaritaville spiked $1.50 to $14.70 after an exchange of 343 stocks, NCB Financial declined 78 cents to end at $128.01 in exchanging 63,222 shares, Palace Amusement advanced $70 ending at $1000 after trading 71 stock units. PanJam Investment popped $3 to $65 780 after stock units crossed the market, Portland JSX dropped 97 cents in closing at $7.03 after 1,754 shares changed hands, Proven Investments increased 54 cents to close at $31.60 after exchanging 30,082 stocks. Sagicor Group climbed $1 to close at $54 while trading 285,469 units, Scotia Group gained $1.30 to close at $39.90 after exchanging 3,566 stocks, Seprod spiked $2 to $66 in trading 9,079 units. Supreme Ventures lost 49 cents to end at $17.51, with 9,378 shares changing hands, Sygnus Credit Investments rallied 52 cents to end at $15.89 while exchanging 2,845 stock units and Wisynco Group popped 23 cents to $15.98 with the swapping of 363,061 shares.

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