Jamaica Stock Exchange

Trading climbs on JSE US$ Market

April 8, 2020 by IC Insider.com

Thanks to a rise in trading of JMMB Group preference shares and Trans Jamaica Highway, volume trading on the JSE US dollar Market rose on Wednesday over that on Tuesday as investors exchanged seven securities.
The usual large volume traded by the recently listed Trans Jamaica Highway remained moderate on Wednesday, with just over 100,000 shares changing hands.
Market activity resulted in seven securities changing hands, with three stocks rising and four declining. The volume of shares traded was 291,094 units, with a value of US$266,784, in contrast to 34,926 units for US$4,838 on Tuesday.
At the close, the market index lost 0.18 points to 204.63 and the PE ratio of the market closed with an average of 13.8 times 2020 earnings.
First Rock Capital gained of 0.9 of a cent and closed trading with 3,000 units at 9 US cents, JMMB Group 5.75% preference share lost 1 cent to end at US$2.12, after exchanging 116,312 shares, JMMB Group 6% preference share gained 2 cents with 1,000 units crossing the exchange and closed at US$1.02. Proven Investments picked up half a cent to end at 26 US cents, with 62,971 shares changing hands, Sterling Investments ended at 2.3 US cents, after losing 0.2 of a cent after swapping 5,000 units. Sygnus Credit Investments closed at 14 US cents, with a loss of 1 cent in trading 1,415 units and Trans Jamaican Highway ended at 1.04 US cents, with the loss of 0.02 of a cent in exchanging 101,396 shares.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

Buy Caribbean Producers now for 2021

April 8, 2020 by IC Insider.com

There are few opportunities in the stock market to generate significant gains than from a beaten-down stock that has strong credentials, dominating the sector it focuses on and has been growing. This is the case with the Montego Bay-based, Caribbean Producers that has seen good times and bad times in the recent past but was enjoying a strong rebound in the first two quarters of the 2020 fiscal year.

Caribbean Producers back in TOP 10

The company’s primary market is the tourist industry. With a virtual closure of the industry currently, sales have come under severe pressure and that will hit the bottom-line severely, even if for a few months. Until the adverse reaction of the market to the Coronavirus outbreak, technical indicators showed that the stock was consolidating with the possibility of a break out from the $5 level with six months results coming far better than the disappointed 2018 half-year results. All that has changed for now as the stock nosedived to $2 as heavy selling pressured the stock.
Expectations are that the company’s third and fourth-quarter results will show the negative impact of the closure of hotels on sales and profit. Investors should bear in mind that the fiscal year starting July may not be affected or not as severely as the second half of the current fiscal year. Importantly, revenues rose 11 percent in September and in the December quarters to US$32.4 from US$29.4 million. IC Insider.com forecast is for a small profit in the March quarter to add to the profit of US$89,000 reported for the 2019 half-year. The stock price collapsed from $5 it was trading at in February to a low of $2 recently. This fall is worse than when they lost US$1.2 million in the year to June 2019 when it still traded above $4. Admittedly, the company has US$39 million of borrowed funds that exposes it to a high degree of risk if the disruption in the business is prolonged. While interest-bearing debt climbed during the year, shareholders’ equity stood at US$22.5 million.
CPJ‘s profit declined 162 percent for the year ended June 2019 to a loss of US$1.17 million compared to a profit of US$1.88 million for the year ending June 2018, with operating revenue for the year amounting to US$94.6 million from US$93.3 million in 2018. The loss resulted from a decline in profit margin in the year and US$679,713 write-off of the cost of developing the inventory IT management system.
For six months to December 2019, gross profit rose faster that growth in revenues at 19 percent to US$8.5 from $7.1 million. Selling and administrative expenses slipped from US$5.8 million in 2018 to US$5.4 million to US$20 million. Finance costs increased in the year to US$791,818 from US$411,143 in 2018 and depreciation jumped from US$609,271 to US$1.4 million.
There are risks in investing in the stock current, but the low price makes it a compelling buy for a big pay off in 2021. IC Insider.com rates the stock a buy based on full or nearly full recovery, for the 2021 fiscal year.

Filed Under: Buy Rated, Company News, Company Results Tagged With: Caribbean Producers, Emerging markets, IC Insider BUY RATED, Jamaica Stock Exchange, Jamaican Stock

Junior Market continues strong recovery

April 7, 2020 by IC Insider.com

The Junior Market made another spirited run on Tuesday in adding 83.07 points to close at 2,604.36 in continuation of a strong recovering after the market bottomed on March 18 with a loss of 880 points or 30 percent since the end of February.
Market activity closed with 34 securities changing hands, resulting in an exchange of 3,831,781 units valued at $12,509,279 compared to 8,266,110 units valued at $19,972,528 from 33 securities on Monday.
At the close of trading, the prices of 18 securities advanced, 12 declined and four remained unchanged. The average PE ratio of the Junior Market ended at 9.6 based on 2020/21 earnings.
Trading ended with an average of 112,699 units at $367,920 for each security traded, in contrast to 250,488 units, for an average of $605,228 on Monday. The average volume and value for the month to date amounts to 379,483 units valued at $787,171 and previously 543,166 units valued at 816,817. In contrast, March closed with an average of 226,230 units, valued at $542,563 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Access Financial surged $5.55 to finish at $28.55 with 9,214 units traded, AMG Packaging fell 4 cents to $1.64 with an exchange of 150,243 shares, Blue Power swapped 51,780 stock units and gained 16 cents to settle at $4.18. Cargo Handlers climbed 47 cents in trading 123,064 shares to close at $6, Caribbean Assurance rose 26 cents higher at $2.17 with 23,097 shares traded, Caribbean Cream exchanged just 900 units and lost 8 cents to settle at $2.74. Caribbean Producers climbed 30 cents to $2.70 with 725,027 shares changing hands, Consolidated Bakeries rose 27 cents exchanging 463 shares to close at $1.72, Dolphin Cove slipped 3 cents to $7.77 with 2,007 units traded. Elite Diagnostic exchanged 153,500 shares and gained 48 cents to finish at $4.99, Everything Fresh slipped 1 cent to 96 cents with 70,752 units changing hands, Express Catering moved 7 cents higher to $3.20 after swapping 134,026 shares. Fontana closed trading of 418,060 units and shed 30 cents to end at $6, Fosrich slipped 5 cents to $3.35 in exchanging 48,782 units, General Accident finished 5 cents lower at $5.66 with 11,000 units crossing the market. Honey Bun ended with an exchange of 206,570 shares, with a fall of 55 cents to end at $5.95, Indies Pharma shed 9 cents in swapping 114,227 units at $2.80, Jamaican Teas lost 1 cent and traded 17,050 shares to end at $3.99. Jetcon finished 14 cents higher at $1.16 with 57,632 units changing hands, Key Insurance exchanged 114,796 units to end at $3.85 after adding 35 cents, Lasco Distributors gained 6 cents in trading 37,750 shares to finish at $3.05. Lasco Financial picked up 2 cents and swapped 400 units to close at $3.25, Lasco Manufacturing jumped 69 cents to $4.20 with 98,285 shares traded, Limners and Bards ended 6 cents higher at $2.16 with 32,350 units changing hands. Lumber Depot rose 10 cents to $1.23 with an exchange of 97,133 stock units, MailPac closed trading of 452,052 units and gained 5 cents to end at $1.75, Medical Disposables shed 58 cents in the exchanging of 49,030 shares to close at $7.38. Paramount Trading declined by 15 cents with 495,040 shares crossing the exchange to settle at $2.05 and Stationery and Office Supplies jumped $1.14 to close at $7.15 with 5,000 stock units changing hands.

Prices of securities trading are those for the day’s last transaction 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 Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Key Insurance, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity

JSE US dollar market in modest trading

April 7, 2020 by IC Insider.com

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The Jamaica Stock Exchange, US dollar market, closed on Tuesday, with modest trading as just four securities changed hands. Trading resulted in only 4,926 shares valued at US$4,838 trading as the recently listed Trans Jamaica Highway that traded recently in mostly large volumes exchanged just 10,004 shares at the close.
Market activity closed with no stock rising, while three declined and one closed trading unchanged. The volume of shares traded fell to 34,926 units with a value of US$4,838, in contrast to 4,049,404 units for US$90,280 on Monday. At the close, the market fell by 1.58 points to 204.81, taking the year to date loss to 9.5 percent, less than half of the losses in the Main and Junior markets. The PE ratio of the market closed with an average of 13.9 times 2020 earnings.
Margaritaville exchanged 4,397 units to close at 20.1 US cents, after falling 3.9 cents, Proven Investments shed half of a cent to close at 25.5 US cents, with 7,325 units changing hands. Sygnus Credit Investments transferred 13,200 units at 15 US cents and Trans Jamaican Highway ended at 1.06 US cents, with a loss of 0.01 of a cent after trading 10,004 stock units.

Filed Under: Global Market, Stock Market Tagged With: Daily Trading, Emerging markets, Jamaica Stock Exchange, Jamaican stocks, JSE US dollar marketFirst Rock Capital, Margaritaville Turks, Proven Investments, Sygnus Credit Investments, Trading Activity, Trans Jamaica Highway

JSE Main Market climbs on Tuesday

April 7, 2020 by IC Insider.com

JSE Main Market continues to recover lost grounds on Tuesday, but the gains were moderate at less than 1,000 points as trading surged sharply over Monday’s trading levels.

The JSE Main market continues to claw back some of the March losses but faces a series of resistance points above.

At the close of the market, the JSE All Jamaican Composite Index advanced by 845.58 points to 426,518.42, the JSE Market Index gained 743.85 points to 388,653.94 and the JSE Financial Index added 0.29 points to 106.61.
The market closed with 46 securities changing hands in the Main and US dollar markets with prices of 21 stocks advancing, 13 declining and 12 securities trading firm. The JSE Main Market activity ended with 42 securities changing hands and accounting for 93,346,989 units valued at $195,317,440, in contrast to 24,630,786 units valued at $77,117,092 from a similar number of securities on Monday.
Radio Jamaica led trading with 50.4 million shares for 54 percent of total volume, Trans Jamaican Highway followed with 32.4 million units for 34.7 percent of the day’s trade and Wigton Windfarm with 3.6 million units for 3.8 percent market share. Sagicor Select Financial Fund, the only other stock trading more than one million units, ended the day with an exchange of 2.1 million shares.
The Market closed with an average of 2,222,547 units valued at an average of $4,650,415 for each security traded, in contrast to 586,447 units valued at an average of $1,836,121 on Monday. The average volume and value for the month to date amount to 936,106 units valued at $3,341,554 for each security changing hands, compared to 606,651 units valued at $3,006,358 for each security traded. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and four stocks closing with lower offers. The PE ratio of the market ended at 14.4, while the Main Market ended at 14.7 times 2020/21 earnings.
In the Main Market, Barita Investments rose $1.40 to $58, with the swapping of 4,064 shares, Eppley closed $1.75 higher to $17.75, in trading just 200 stock units, First Rock Capital picked up 90 cents to finish at $10.50, with 7,761 units changing hands. Grace Kennedy gained 60 cents transferring 28,722 shares and closed at $57.60, Jamaica Producers ended at $20.50, after rising 35 cents trading 27,594 units, Jamaica Stock Exchange closed 75 cents higher at $23, in transferring 47,617 shares. JMMB Group finished at $38.74, after picking up 74 cents and exchanging 49,965 stock units, Mayberry lost 30 cents to close at $5.70, with 193,000 shares crossing the exchange, MPC Caribbean Clean Energy dropped $5 to close at $140 after trading 957 stock units. NCB Financial Group climbed $3 to $158, with 69,263 shares changing hands, 138 Student Living fell by $1.10 to $5.90 trading 10,400 units, PanJam Investment shed 97 cents to close at $75, with an exchange of 93,034 shares. Sagicor Group lost 75 cents to end at $49.75, after swapping 120,363 stock units, Salada Foods gained 48 cents to finish at $32.70, with 4,604 units changing hands, Supreme Ventures climbed $1.33 to $15.99, with an exchange of 112,333 shares. Victoria Mutual Investments ended the day at $7.70, after gaining 35 cents and transferring 293,021 shares and Wisynco Group added 61 cents to finish at $16, in trading 560,505 shares.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, 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, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE Main Market recovers 30% of losses

April 6, 2020 by IC Insider.com

JSE Main market recovering from a huge fall in March.

Jamaica Stock Exchange Main Market continued its recovery from the huge March plunge in putting in another robust performance on Monday and recovered 50,581.75 points since the market bottomed on March 25 and nearly a third of the 154,631.13 points tumbled from the beginning of March to the low in the month.
At the close of trading, the JSE All Jamaican Composite Index advanced 3,320.99 points to end at 425,672.84, the JSE Market Index climbed 3,004.85 points to 387,910.09 and the JSE Financial Index added 0.88 points to 106.32.
The market closed with 46 securities changing hands in the Main and US dollar markets with prices of 20 stocks advancing, 20 stocks declining, with six securities trading firm. The JSE Main Market activity ended with 42 securities accounting for 24,630,786 units valued at $77,117,092, in contrast to 33,384,287 units valued at $221,730,878 from 42 securities on Friday.
Trans Jamaican Highway led trading with 10.4 million shares for 42 percent of total volume. Wigton Windfarm followed, with 8.5 million units for 34.6 percent of the day’s trade and Trans Jamaican Highway trading in the US dollar market accounted for 3.8 million units for the equivalent of 15.6 percent of the Main Market’s volume. Other stocks trading more than one million units were Sagicor Select Financial Fund, with 2.3 million shares and Wisynco Group with 1.3 million units.
The Market closed with an average of 586,447 units valued $1,836,121 for each security traded, in contrast to 794,864 units valued at an average of $5,279,307 on Friday. The average volume and value for the month to date amount to 606,651 units valued at $3,006,358 for each security changing hands, compared to 613,607 units valued at $3,409,226 for each security traded. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and three stocks closing with lower offers. The PE ratio of the market ended at 14.4, while the Main Market ended at 14.6 times 2020/21 projected earnings.
In the Main Market, Barita Investments ended with a loss of $1.40 in exchanging 22,858 units and closed at $56.60, Caribbean Cement gained 51 cents to finish at $44 trading 30,861 shares, Eppley Caribbean Property Fund rose $2.25 to end at $37.25 while transferring 534 units. First Rock Capital closed 40 cents lower at $9.60, with 50,007 shares crossing the exchange, Jamaica Broilers declined $3.52 to $29, with 48,411 shares changing hands, Jamaica Producers gained $1.04 to close at $20.15 transferring 15,332 units. Mayberry Jamaican Equities closed $1.20 higher to reach $9.10, in trading 59,464 shares, MPC Caribbean Clean Energy advanced by $5 to $145, with an exchange of 344 stock units, NCB Financial Group climbed $2.09 to $155 in swapping 37,820 shares. Sagicor Group added $1.75 to end at $50.50, with 89,434 shares changing hands, Salada Foods dropped $3.78 to finish at $32.22, after transferring 471 units, Seprod closed $1 lower to $48.50, with an exchange of 11,674 units. Stanley Motta shed 30 cents to end at $5.50 trading 22,100 units, Sterling Investments picked up 35 cents to close at $2.85, with a transfer of 145,739 shares, Sygnus Credit Investments lost $1.96 ended at $17.03, after exchanging 103,764 shares and Wisynco Group rose $1.49 to $15.39, in swapping 1,312,997 shares.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, 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, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, 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, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Strong weekly start for Junior Market

April 6, 2020 by IC Insider.com

The Junior Market started the week off positively as it builds on last week’s sharp gains in adding 46.69 points to the Market Index to close at 2,521,29 and recovered 489.50 points or 24 percent from the low reached on March 18^th.

Junior Market has recovered close to half of the losses in March.

Market activity closed with 33 securities changing hands, resulting in an exchange of 8,266,110 units valued at $19,972,528 compared to 25,469,094 units valued at $48,110,589 on Friday.
At the end of the trading day, the prices of 15 securities advanced, 12 declined and six remained unchanged. The average PE ratio of the Junior Market ended at 9.3 based on 2020/21 earnings.
Trading ended with an average of 250,488 units at $605,228 for each security traded, in contrast to 771,791 units, for an average of $1,457,897 on Friday. The average volume and value for the month to date amounts to 543,166 units valued at $816,817 and previously 451,476 units valued at $885,272. In contrast, March closed with an average of 226,230 units, valued at $542,563 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows seven stocks ended with bids higher than their last selling prices and one with lower offers.

At the close of the market, Caribbean Assurance Brokers exchanged 26,087 shares and climbed 23 cents to close at $2.17, Caribbean Cream finished 1 cent higher at $2.82 with 5,350 units changing hands, Caribbean Producers swapped 696,817 shares, after slipping 10 cents to end at $2.40. Consolidated Bakeries shed 20 cents exchanging 12,701 stock units at $1.45, Dolphin Cove added 1 cent to close at $7.80 with 1,000 shares crossing the exchange, Elite Diagnostic traded 98,336 shares, after rising 41 cents to end at $4.51. Everything Fresh closed 5 cents higher at 95 cents, with 353,495 stock units changing hands, Express Catering gained 13 cents in trading of 256,472 units at $3.13, Fontana closed trading of 571,861 units and jumped 40 cents to end at $6.30. FosRich picked up 5 cents in exchanging 13,178 shares at $3.40, GWest finished 10 cents higher at 90 cents with an exchange of 10,000 units, Honey Bun gained 50 cents after trading 513,160 shares to settle at $6.50. iCreate finished 8 cents higher at 58 cents with the transfer of 737,372 stock units, Indies Pharma closed trading of 129,871 units and lost 1 cent to end at $2.89, ISP Finance fell 10 cents to $15.90 with the trading of a mere 6 units. Jetcon Corporation exchanged 19,078 shares and added 3 cents to close at $1.02, Key Insurance closed 50 cents higher at $3.50, with 170,430 stock units trading, Lasco Distributors climbed 4 cents to settle at $2.99 in trading 182,893.

Lasco Financial closed trading of 71,211 units and slipped 1 cent to end at $3.23, Lasco Manufacturing dropped 14 cents to $3.51, with 80,623 stock units trading, Limners and Bards closed at $2.10, having lost 10 cents with 6,000 units changing hands. Lumber Depot gained 8 cents to end at $1.13, with 1,697,016 shares changing hands, MailPac gained 10 cents in exchanging a volume leading 2,056,859 shares to close at $1.70, Medical Disposables slipped 28 cents to settle at $7.96 with 34,418 shares changing hands. Paramount Trading exchanged 12,688 shares to close at $2.20 after rising 5 cents, Stationery and Office Supplies fell 99 cents to $6.01 with 50,500 shares traded and tTech closed 75 cents lower at $3.50, with 42,063 stock units crossing the exchange.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Best performing stock market, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Key Insurance, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

JSE US dollar market slips

April 6, 2020 by IC Insider.com

The JSE US dollar market slipped in trading on Monday with five securities crossed the exchange with prices of two declining and two stocks rising as Trans Jamaica Highway continues to trade in large volumes.

The JSE US dollar market has held up reasonably well in trading recently against the background of major fall in the JSE Main Market.

At the close of trading, the volume of stocks climbed to 4,049,404 units with a value of US$90,280, in contrast to 827,966 units for US$86,577 on Friday. At the close, the market lost 0.84 points to end at 206.39, with the PE ratio of the market closing with an average of 14.2 times 2020 earnings.
In trading, First Rock Capital lost 1 cent to close at 8.1 US cents, after trading 8,900 units, Proven Investments declined by 1 cent and ended at 26 US cents after exchanging 175,138 shares. Sygnus Credit Investments swapped 19,666 units at 15 US cents and Trans Jamaican Highway, which accounted for 95 percent of the market’s volume, traded 3,845,700 and rose 0.1 of a cent to close at 1.07 US cents.

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

More gains for JSE Main Market

April 3, 2020 by IC Insider.com

The Main Market of the Jamaica Stock Exchange closed higher for the sixth time out of the last seven trading days and recovered 47,260.76 points of the losses in March, to be up 13 percent from the recent lows of 375,091.09 points, reached on 25^th of March on the JSE All Jamaican Composite Index.

JSE Main market continuing to bounce off resistance at 375,000 points reached on March 25.

At the close of the market on Friday, the JSE All Jamaican Composite Index jumped 4,851.68 points to 422,351.85, the JSE Market Index climbed 4,394.76 points to 384,905.24 and the JSE Financial Index added 1.51 points to 105.44.
The market closed with 47 securities changing hands in the Main and US dollar markets with prices of 25 stocks advancing, 15 declining and 4 securities trading firm. The JSE Main Market activity ended with 42 securities accounting for 33,384,287 units valued at $221,730,878, in contrast to 19,058,509 units valued at $80,731,137 from 40 securities on Thursday.
Trans Jamaican Highway led trading with 21.5 million shares for 64.4 percent of total volume, followed by Wigton Windfarm with 2.6 million units for 7.9 percent of the day’s trade and Sagicor Select Financial Fund with 1.9 million units for 5.6 percent market share. Sagicor Select Manufacturing & Distribution Fund ended with 1.1 million shares and was the only other stock trading more than one million units.
The Market closed with an average of 794,864 units valued at an average of $5,279,307 for each security traded, in contrast to 476,463 units valued at an average of $2,018,278 on Thursday. The average volume and value for the month to date amount to 613,607 units valued at $3,409,226 for each security changing hands. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and two stocks closing with lower offers. The PE ratio of the market ended at 14.2, while the Main Market ended at 14.4 times 2020/21 earnings.
In the Main Market, Barita Investments climbed $5 to reach $58, with 41,623 shares changing hands, Berger Paints fell $3 to $11.50, after trading 24,768 units, Caribbean Cement added 54 cents to close $43.49, in swapping 61,554 shares. Eppley closed $1 higher at $16, with14,000 units crossing the exchange, Eppley Caribbean Property Fund dropped $4 to end at $35, in trading a mere 200 units, First Rock Capital lost 50 cents to finish at $10, with a transfer of 17,200 units. Grace Kennedy shed 60 cents to close at $57 in exchanging 722,937 shares, Jamaica Broilers gained 52 cents, in swapping 291,710 shares to end at $32.52, Jamaica Producers picked up 41 cents to close at $19.11 after trading 5,891 units. Kingston Wharves closed 50 cents higher to finish at $44, with 21,556 units traded, MPC Caribbean Clean Energy advanced $5 to $140 after exchanging 1,512 stock units, NCB Financial Group climbed to $152.91, with gains of $2.66 with 265,789 shares changing hands. PanJam Investments fell by $2 to $76 in swapping 225,872 shares, Portland JSX shed 70 cents to finish at $7.30, with an exchange of 38,667 units, Proven Investments closed at $39.70, after rising $2.20 and trading 11,126 units. Sagicor Group picked up 81 cents to end at $48.75, in transferring 73,620 shares, Sagicor Real Estate Fund closed 45 cents lower at $7.25 with 81,200 stock units crossing the exchange, Salada Foods jumped $6 to $36, after exchanging 59,400 units. Seprod closed $1.50 higher to $49.50, with a transfer of 65,614 shares and Supreme Ventures gained 40 cents to end at $14.40, with 248,813 shares changing hands.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, 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, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, 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, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE US market slipped moderately

April 3, 2020 by IC Insider.com

The Jamaica Stock Exchange, US dollar market Index, lost 1.47 points to close at 207.23 with five securities changing hands. At the close of trading, the PE ratio of the market was an average of 14.3 times 2020 earnings.
The market closed with three stocks rising and two declining. The volume of stocks passing through the market rose to 827,966 shares valued at US$14,632 compared to 651,114 shares valued at US$42,388 on Thursday.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of two stocks higher than their last selling prices and one with a lower offer.
Market activity resulted in, accounting for 651,114 units traded with a value of US$36,182, in contrast to 486,504 units for US$42,388 on Wednesday.
In trading, First Rock Capital rose by 0.1 of a cent to end at 9.1 US cents, after 27,143 stock units crossed the exchange, Proven Investments exchanged 274,694 shares with a rise of one cent to close at 27 US cents. Sygnus Credit Investments shed 1.5 cents to end at 15 US cents, in swapping 21,500 units and Trans Jamaican Highway fell 0.07 of a cent in accounting for 60 percent of the day’s volume ended with an exchange of 500,00 shares at 1 US cent. In the preference section, JMMB Group 6% traded just 629 shares to close at US$1.