Jamaica Stock Exchange

Declining stocks dominate JSE Main Market

August 12, 2021 by IC Insider.com

The Jamaica stock market closed on Thursday with the market recovering some of Wednesday’s losses, with the movement not strong enough to wipe those losses even as the market moved well above Wednesday’s close in early morning trading, by the close, declining stocks clobbered advancing more than two to one, with the volume and value of shares traded falling 26 percent and 67 percent respectively compared to Wednesday, on the Jamaica Stock Exchange Main Market.
At the close, the All Jamaican Composite Index advanced 1,142.15 points to settle 457,036.99, the JSE Main Index rose 953.49 points to 417,041.66 and the JSE Financial Index popped 0.37 points to settle at 102.11.
Trading ended with 50 securities compared to 48 on Wednesday, with 10 stocks rising, 25 declining and 15 remaining unchanged. The PE Ratio, a measure used to determine appropriate stock values, averages 16.3 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 9,341,446 shares trading for $42,964,627, down from 12,706,408 units at $132,153,212 on Wednesday. Radio Jamaica led trading with 18.1 percent of total volume for 1.69 million shares, followed by Wigton Windfarm 17.9 percent with 1.67 million units, Sagicor Select Financial Fund 15.7 percent with 1.46 million units and Transjamaican Highway controlled 14 percent after an exchange of 1.31 million units.
Trading averaged 186,829 units at $859,293, compared to 264,717 shares at $2,753,192 on Wednesday. Trading month to date averages 167,373 units at $1,427,454, in contrast to 164,075 units at $1,523,753 on Wednesday. July ended with an average of 322,932 units at $15,201,099.
Investor’s Choice bid-offer indicator reading has 13 stocks ending with bids higher than their last selling prices and seven stocks with lower offers.
At the close, Barita Investments fell $2.54 to $80.04 with 80,211 shares crossing the market, Caribbean Cement slipped 90 cents to $94 in trading 11,549 units, Eppley Caribbean Property Fund declined $3.84 to $41.16 with 490 stock units changing hands. GraceKennedy shed $2.03 to $101.95 in transferring 13,465 units, Guardian Holdings declined $9 to close at the lowest price since listing this year to close at $616 with the swapping of 1,199 shares, Jamaica Broilers gained 39 cents to end at $36.39 with an exchange of 2,294 stock units. Jamaica Stock Exchange fell 25 cents to $17.10 in exchanging 24,066 stocks, JMMB Group rose 93 cents to $38.20 in switching ownership of 28,368 units, Mayberry Investments declined $1.40 to $5.60 with 44,711 shares clearing the market. Mayberry Jamaican Equities gained 25 cents to close at $9.20 after exchanging 2,000 units, MPC Caribbean Clean Energy rose 80 cents to $137.80 in trading 4 stock units, Palace Amusement plunged $105.24 to $1,033.76, with a transfer of 10 shares. PanJam Investment shed 94 cents to end at $63.05 after 7,828 stocks crossed the market, Proven Investments fell 59 cents to $34.41 in exchanging 1,507 stock units, Radio Jamaica gained 15 cents to close at $2.15, with 1,690,453 share changing hands, Sagicor Group spiked $1.04 to $57.90 with 124,380 shares clearing the market and Scotia Group fell $1.40 to $39.80 in trading 2,942 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: 138 Student Living, Barita Investments Caribbean Producers, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Main Market drops

August 11, 2021 by IC Insider.com

Trading ended Wednesday with the market major indices dropping after an exchange of 135 percent more shares valued 473 percent greater than on Tuesday and leading to 48 securities changing hands compared to 50 on Tuesday and 21 stocks rising, while 23 declined and four closed unchanged at the close of the Main Market of the Jamaica Stock Exchange.
At the close, the All Jamaican Composite Index plunged 1,490.87 points to 455,894.84, the Main Index dived 1,960.9 points to 416,088.17 and the JSE Financial Index lost 0.68 points to settle at 101.74.
The PE Ratio, a measure that determines appropriate stock values, averages 16.6 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 12,706,408 shares trading for $132,153,212 versus 5,409,606 units at $23,077,314 on Tuesday. Wigton Windfarm led trading with 25.1 percent of total volume for an exchange of 3.19 million shares followed by JMMB Group 16.9 percent, with 2.15 million, Radio Jamaica cornered 16.3 percent for 2.08 million units, Transjamaican Highway controlled 13.5 percent, with 1.71 million units and Sagicor Select Financial Fund 7.9 percent accounted for 1 million units changing hands.
264,717 units at $2,753,192, up from 108,192 shares at $461,546 on Tuesday. Trading month to date averages 164,075 units at $1,523,753, compared to 144,517 units at $1,284,834 on Tuesday. July ended with an average of 322,932 units at $15,201,099.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments fell 41 cents to $82.58 with 25,585 shares crossing the market, Eppley rose $2.17 to $40.45 in exchanging 36 units, Eppley Caribbean Property Fund spiked $3.83 to $45 in trading 5,200 shares. First Rock Capital shed 40 cents to $13.60 after 15,372 stocks crossed the market, GraceKennedy rose 98 cents to $103.98 with an exchange of 7,128 stock units, Guardian Holdings declined $5 to end at a closing low of $625 with 10,619 units clearing the market. Jamaica Broilers lost 40 cents at $36 in swapping 9,095 shares, Jamaica Producers slipped 40 cents to $23.50 in an exchange of 843 stock units, Jamaica Stock Exchange popped 25 cents to $17.35 with the swapping of 9,015 stocks, Kingston Properties fell 30 cents to $9.30 in trading 1,063 units. Kingston Wharves shed 24 cents to close at $47.76 with an exchange of 6,338 shares, Mayberry Investments spiked $1.50 to end at $7 in exchanging 72,196 units. NCB Financial popped $2.90 to $135.50 with 32,146 stock units changing hands, Palace Amusement dropped $11 to $1,139 with a transfer of two shares. Sagicor Group rallied 81 cents to $56.86 in an exchange of 10,978 stocks, Seprod shed 90 cents to close at $69 with the trading of 8,692 stock units, Supreme Ventures slipped 95 cents to $19, with 81,840 shares clearing the market and Wisynco Group gained 29 cents to close at $15.95 after exchanging 949,997 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: Barita Investments Caribbean Producers, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Express Catering sinks Junior Market

August 11, 2021 by IC Insider.com

In a swift reversal of Tuesday’s performance, the Junior Market index fell 44.24 points to settle at 3,243.26 after falling by 64 points in early trading to 3,223.96 points on Wednesday after Express Catering plummeted to $3.65 from $5. At the close of trading with the volume of stocks traded dropped 29 percent from Tuesday levels after 34 securities traded down from 36 on Tuesday.
Market activity ended, with 14 stocks rising, 13 declining and seven closing unchanged. The PE Ratio, a measure used to compute appropriate stock values, averages 12.5 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended, with 5,080,050 shares changing hands for $15,981,280 compared to 7,188,474 units at $16,444,481 on Tuesday. Lumber Depot led trading with 32.1 percent of total volume after trading 1.63 million shares, followed by Future Energy Source 19.2 percent, with or 975,833 units and Jamaican Teas, with 8.7 percent, with an exchange of 440,698 units.
Trading averaged 149,413 units at $470,038 in contrast to 199,680 at $456,791 on Tuesday. Trading month to date, averages 194,448 units at $544,004, compared to 203,508 units at $558,884 on Tuesday. July closed with an average of 163,918 units at $481,755.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, CAC 2000 jumped $1.37 to $10.52 with the exchange of 9 shares, Caribbean Assurance Brokers rose 8 cents to $1.98, with 1,000 stocks changing hands, Caribbean Cream dropped 14 cents to $5.60 with 21,869 units passing through the market. Derrimon Trading gained 7 cents to end at $2.37 with a transfer of 315,160 stock units, Express Catering shed 55 cents to close at $4.25 with 28,294 shares traded, Fontana gained 11 cents to finish at $6.07 with investors switching ownership of 299,452 stocks. Fosrich slipped 9 cents to $8.15 with 27,385 stock units, changing hands, General Accident rose 9 cents to $5.70 as 9,337 units changed hands, GWest Corporation lost 9 cents to settle at 90 cents with 2,200 shares passing through the market. Honey Bun slipped 5 cents to $6.75 with a transfer of 17,818 units, iCreate fell 6 cents to 80 cents with 10,200 stocks traded, Iron Rock Insurance declined by 8 cents to $3.80, with investors switching ownership of 151,632 stock units. Lasco Distributors climbed 3 cents to $4 11,207, with shares crossing the exchange, Lasco Financial rallied 19 cents to $3.20 with an exchange of 146,318 shares, Limners and Bards advanced 11 cents to $3.13 with 92,170 units changing hands, Medical Disposables jumped 64 cents to $5.14 with 280,169 stocks traded after the company release its first quarter results with earnings per share of 10 cents, Stationery and Office Supplies climbed 49 cents to $7.99 with 3,146 shares crossing the exchange and Tropical Battery slipped 4 cents to $1.30, with 135,883 stocks clearing the market.
In the preference segment, CAC 2000 9.5% fell 10 cents to end at $1.10 with 3,072 units changing hands.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Daily Trading, Derrimon Trading, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, KLE Group, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Medical Disposables, Stationery and Office, Trading Activity, tTech

Trading surges for JSE USD market

August 11, 2021 by IC Insider.com

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Market activity surged on Wednesday, ended with 530 percent more shares carrying a value that is 177 percent greater than for trading on Tuesday on the US dollar market of the Jamaica Stock Exchange, resulting in more stocks rising than falling.
Trading ended with seven securities changing hands, compared to five on Tuesday, with prices of three rising, two declining and two remaining unchanged.
The US Denominated Equities Index gained 3.72 points to end at 191.87. The PE Ratio, a measure that computes appropriate stock values, averages 12 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 2,077,432 shares traded for US$41,002, up from 329,686 units at US$14,796 on Tuesday. Trading averaged 296,776 units at US$5,857, versus 65,937 shares at US$2,959 on Tuesday. Trading averages 105,225 units month to date at US$9,884 against 61,972 units at US$10,794 on Tuesday. July ended with an average of 178,541 units for US$18,099.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two stocks with lower offers.
At the close, First Rock Capital dropped 0.49 of a cent in closing at 7.5 US cents after exchanging 5,784 shares, Margaritaville remained at 8.9 US cents with 10,619 stock units clearing the market, Proven Investments rallied 0.01 of a cent to close at 24.01 US cents while trading 77,911 stocks. Sygnus Credit Investments J$ based ordinary stock shed 2.94 cents ending at a 52 weeks’ low of 11.89 US cents, with 1,510 units crossing the exchange, Sygnus Credit Investments USD based stocks, popped 0.8 of a cent to end at 12.8 US cents in an exchange of 608 shares, Transjamaican Highway climbed 0.17 of a cent in ending at 1 US cent after finishing trading 1,980,000 stock unit and In the preference segment JMMB Group 6% remained at US$1.03 after trading 1,000 unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: Daily Trading, Emerging markets, First Rock Capital, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, JSE US dollar market, Margaritaville, Proven Investments, Sygnus Credit Investments, Trading Activity, Transjamaican Highway

Rebound for Stationery & Office Supplies

August 11, 2021 by IC Insider.com

Stationery & Office Supplies is enjoying a strong rebound from the COVID-19 afflicted 2020 financial year, with profit swinging from a loss of $22 million in the June 2020 quarter to a small profit of $3 million in the 2021 second quarter and well off from a profit of $34 million in the 2019 June Quarter.

Stationery & Office Supplies Montego Bay

Profit rose over 168 percent year on year for the first 6 months of 2021, from $21.8 million in 2020 to $58.4 million.
Sales surged 76 percent in the June quarter to $238 million from the 2020 covid-19 battered quarter and 17 percent for the half year to $551 versus $472 million in the 2020 period. While making a good recovery, this year’s revenues trail that of 2019 by some degree. Revenues in June 2019 quarter were 24 percent higher at $295 million and for the half year, 15 percent greater than the $633 million generated in 2019.
The cost of goods sold rose 61 percent in the quarter to $117 million and 7 percent for the half year to $261 million. Gross profit margin rose to 51 percent in the quarter, with gross profit of $120 million up from 46 percent in 2020, with gross profit of $63 million. For the half year, gross profit margin rose to 53 percent from gross profit of $290 million up from 46 percent in 2020, with gross profit of $228 million.
Administrative and general expenses rose 54 percent to $82 million from $55 million in 2020 during the June quarters and climbed a milder 16 percent to $163 million from $141 million for the six months period. Selling and promotional costs rose from $14.6 million in the June 2020 quarter to $22 million and moved from $38 million for the six months in 2020 to $43 million in 2021.
Depreciation, amortisation and impairment charges were slightly down in the quarter at $8.2 million versus $8.7 million in 2020 and $16.5 million compared to $17.8 million for the half year. Finance and foreign exchange cost accounted for $5.2 million in the quarter versus $6.4 million in 2020 and $10 million in the six months period this year, from $12 million in 2020.
“History has shown that SOS’s second quarter is normally the slowest period during the year, but even though we continue to suffer through the Covid-19 virus and all of the issues that come along with it, SOS was able to post a profit, with significant improvements compared to the second quarter of 2020. These are good indicators that Jamaica’s economy is continuing to rebound and as we progress through the summer months, we will see the return of children to school which will also help improve the sales of SEEK back to school products in the market,” stated David McDaniel, Managing Director and Marjorie McDaniel, Chief Administrative officer in their joint commentary of the results.
Earnings per share for the second quarter for 2021 amount to one cent and 23 cents for the half year. ICInsider.com projects full year earnings at 85 cents per share and $1.50 for 2022. The stock traded at $7.50, with a PE of 9, based on 2021 earnings and that compares favourably with the market average PE of 12.4.
The company remains in a healthy financial position at the end of half year period. At the end of June, shareholders’ equity stood at $668 million, with long term borrowings at $114 million and short term borrowings at $39 million. Gross cash flow amounts to $89 million but, with growth in working capital and repayment of loans, the company ended the half year with net negative flows of $6 million. Current assets stood at $509 million, including inventories of $276 million, trade and other receivables of $102 million, and cash and bank balances of $91 million. Current liabilities ended at $126 million, with net current assets ending at $382 million.

Filed Under: Buy Rated, Company News, Company Results Tagged With: Jamaica Stock Exchange, Jamaican stocks, junior market, SOS, Stationery & Office Supplies

Junior Market 64 points tumble

August 11, 2021 by IC Insider.com

The Jamaica Stock Exchange Junior Market suffered a big reversal in the market index, pushing it down 64 points in early trading to 3,223.96 from the close on Tuesday at 3,287.50, with the fall of Express Catering from $5 close Tuesday to $3.65 this morning that led to an automatic freeze in the stock at 9.35 am.
At 10:30 am, the junior market index moved up to 3,235.59 points. Medical Disposables rose from $4.70 at the close on Tuesday to $5.25 as investors responded positively to 10 cents per share earnings in the June quarter versus a loss in 2020. The All Jamaican Composite Index trades at 458,039.67, up from 457,385.71 at the close on Tuesday. Guardian Holdings fell to $615 during the trading session, the lowest pointy since listing this year.

Filed Under: JSE Combined, JSE Junior Market, Stock Market Tagged With: Express Catering, Jamaica Stock Exchange, Jamaican stocks, junior market, Medical Disposables

Junior Market held steady on Tuesday

August 10, 2021 by IC Insider.com

Trading closed on Tuesday, with the volume of stocks traded surging 134 percent, with the value climbing 64 percent over Monday trades leading to a 2 to 1 ratio of falling and rising on the Junior Market of the Jamaica Stock Exchange.
Market activity led to 36 securities trading, up from 33 on Monday, with nine rising, 18 declining and nine closing unchanged.
The Market Index dipped 0.53 points to settle at 3,287.50. The PE Ratio, a measure used to compute appropriate stock values averages 12.4 based on ICInsider.com’s 2021-22 earnings forecast.
A total of 7,188,474 shares traded for $16,444,481 compared to 3,073,648 units at $10,016,759 on Monday. Future Energy Source led trading with 3.70 million shares for 51.4 percent of total volume, followed by Derrimon Trading 1.71 million units, with 23.7 percent and Mailpac Group, with 305,158 units for 4.2 percent market share.
Trading averaged 199,680 units at $456,791 up from 93,141 at $303,538 on Monday. Trading month to date, averages 203,508 units at $558,884, compared to 204,544 units at $586,518 on Monday. July closed with an average of 163,918 units at $481,755.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Blue Power fell 4 cents to close at $3.45 in swapping 8,000 shares, Cargo Handlers climbed 50 cents to $8.50 while exchanging 2,500 stock units, Caribbean Assurance Brokers dipped 8 cents to $1.90 trading 7,214 stock units. Caribbean Cream shed 6 cents to end at $5.74, with 6,947 units changing hands, Consolidated Bakeries advanced 18 cents to $1.80 with an exchange of 1,678 shares, Derrimon Trading dropped 15 cents to end at $2.30 after 1,705,748 units crossed the market. Elite Diagnostic rallied 16 cents to $2.92 in trading 5,355 stocks, Everything Fresh rose 5 cents to 99 cents, with 23,524 stock units changing hands, Future Energy Source rallied 7 cents to $1.62 in exchanging 3,696,514 stock units. General Accident rose 14 cents to $5.61 after 290 stock units changed hands, Indies Pharma declined 14 cents to $3.69, with 35,576 stocks crossing the market, Jetcon Corporation slipped 10 cents to $1.20 in trading 20 shares, Knutsford Express dropped 48 cents in closing at $7.12 after 2,100 stock units crossed the market, Lasco Financial lost 4 cents in closing at $3.01 after trading 29,175 units. Limners and Bards dropped 8 cents to $3.02 in exchanging 176,184 stocks, Lumber Depot fell 5 cents to $2.90 trading 288,074 shares, SSL Venture dropped 12 cents to 71 cents, with 20,301 units crossing the exchange, Stationery and Office Supplies popped $1.75 to $7.50 with 44,424 stock units clearing the market and Tropical Battery lost 4 cents to close at $1.34 while exchanging 33,544 stocks.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, General Accident, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

JSE USD trading jumps

August 10, 2021 by IC Insider.com

Trading on Tuesday ended with 90 percent more shares trading with 38 percent more value than on Monday, at the close of the US dollar market of the Jamaica Stock Exchange, resulting in an even number of stocks rising and falling.
Trading ended with five securities changing hands, compared to six on Monday, with prices of two rising, two declining and one remaining unchanged.
The US Denominated Equities Index gained 0.69 points to end at 188.15. The PE Ratio, a measure that computes an appropriate value of a stock, averages 11.9 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 329,686 shares traded at US$14,796 compared to 173,289 units at US$10,732 on Monday. Trading averages 65,937 units at US$2,959 compared to 24,756 shares at US$1,533 on Monday. Trading averages 61,972 units for the month to date at US$10,794 in contrast to 61,210 units at US$12,300 on Monday. July ended with an average of 178,541 units for US$18,099.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two stocks with lower offers.
At the close, Proven Investments shed 1 cent to end at 24 US cents, with an exchange of 4,472 shares, Sygnus Credit Investments Jamaica dollar based ordinary share rose 0.83 of a cent to 14.83 US cents while trading 150 units, Sygnus Credit Investments US dollar based ordinary share ended unchanged at 12 US cents, with 9,086 units crossing the market and Transjamaican Highway increased 0.05 of a cent to 0.83 US cents in trading 310,978 stock units.
In the preference segment, JMMB Group 5.75% declined 8 cents to US$2.02, trading 5,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Stock Market Tagged With: Daily Trading, Emerging markets, First Rock Capital, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, JSE US dollar market, Proven Investments, Sygnus Credit Investments, Trading Activity, Transjamaican Highway

Funds chasing stocks plunged on Tuesday

August 10, 2021 by IC Insider.com

Funds chasing after stocks tumbled big time at the close of market activity on Tuesday, with the market rising modestly after the volume of shares exchanged fell 46 percent with the value plunging 71 percent from Monday levels at the close of the Jamaica Stock Exchange Main Market.
At the close, the All Jamaican Composite Index rose 200.20 points to 457,385.71, the JSE Main Index popped 148.16 points to end at 418,049.14, and the JSE Financial Index shed 0.03 points to 102.42.
Trading ended with 50 securities similar to Monday, with 20 stocks rising, 19 declining and 11 remaining unchanged. The PE Ratio, a measure used to determine appropriate stock values, averages 16.4 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 5,409,606 shares trading for a mere $23,077,314 versus 9,969,713units at $73,681,632 on Monday. Transjamaican Highway led trading with 43.5 percent of total volume after trading 2.35 million shares followed by Sagicor Select Financial Fund with 9.7 percent for 522,144 units and Wigton Windfarm ended with 7.5 percent after exchanging 404,484 units.
Trading averaged 108,192 units at $461,546, compared to 199,394 shares at $1,473,633 on Monday. Trading month to date averages 144,517 units at $1,284,834, in contrast to 153,737 units at $1,493,790 on Monday. July ended with an average of 322,932 units at $15,201,099.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and four stocks with lower offers.
At the close, Barita Investments shed 74 cents at $82.99 after exchanging 15,834 shares, Berger Paints rose 80 cents to $13.50 with 328 units crossing the market. Eppley dipped 72 cents to $38.28 in trading 1,338 stocks, GraceKennedy declined $1 to $103 with an exchange of 21,756 units, Jamaica Broilers popped 40 cents to $36.40 after 1,769 stock units crossed the exchange, Jamaica Producers jumped $1.90 to $23.90 in switching ownership of 3,548 stocks. Jamaica Stock Exchange lost 21 cents at $17.10 with 17,421 shares clearing the market, JMMB Group dipped 33 cents to $37.45 in exchanging 104,827 stock units, Mayberry Investments lost 45 cents to end at $5.50 in trading 25,790 units, Mayberry Jamaican Equities rallied 50 cents to $9 with a transfer of 7,750 shares, NCB Financial popped $1.39 to $132.60 with 8,482 stocks changing hands. Palace Amusement spiked $116.24 to $1,150 in switching ownership of 2 stock units, Pan Jam Investment rose 95 cents to $64 with an exchange of 700 stocks, Pulse Investments slipped 20 cents to $3.76 in transferring 238,941 shares, Sagicor Group dropped $2.45 to $56.05 with the swapping of 8,209 stock units, Salada Foods fell 25 cents to $7.75 in trading 80,748 shares. Scotia Group advanced $1.90 $41.20 after clearing the market of 4,197 shares, Seprod rose 88 cents to $69.90 in trading 5,876 stock units and Victoria Mutual Investments lost 20 cents to close at $5.80 with 22,233 stocks crossing the market.
In the preference segment, Eppley 7.5% preference share lost 25 cents in ending at $12.50 after exchanging 33 stocks and Eppley 8.25% rallied 39 cents to $6.49 in swapping ownership of 50 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: 138 Student Living, Barita Investments Caribbean Producers, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Big savings from Kremi’s power plant

August 10, 2021 by IC Insider.com

In collaboration with Power Factor Technologies, a power engineering services company, Caribbean Cream has embarked on a major project to install a 630 kilowatt capacity Combined Heat & Power plant fueled by LNG at the company’s premises.

Caribbean Cream post big gains in profit in Q1.

The cost of the project is estimated to be just under US$2 million. The company expects to complete installation and commissioning of the power plant before the end of 2021. “While the company will remain connected to JPS, as to ensure sufficient power supply in the event of higher energy demand, we anticipate greater efficiency and increased market reach,’ a release from the company stated.
The company incurred utility costs of $204 million in the last financial year and is set to grow with more production and expanded cold storage space. Historical data indicates that water is approximately 10 percent of the utility bill; based on this, the electricity cost is currently around $180 million.
“One electricity unit for running machines and the use of heat from electrical generation to be used to heat water and oil to do pasteurization is the maximization of energy efficiency of the plan” an engineer who ICInsider.com spoke to states, the cost savings will be significant, with the estimated savings he stated could be in the region of two thirds which ICInsider.com puts at over $120 million per annum.
The company reported a profit of $101 million for the financial year to February this year, with the first quarter to May coming out at $54 million twice the 2020 first quarter profit.