Record run falters for JSE majors – Monday

March 26, 2018 by

The main market of the Jamaica Stock Exchange hits an intraday high, in early trading but failed to close at a new high.

The main market Jamaica Stock Exchange, hit an intraday record high at the start of trading on Monday but closed lower within 525 points of the record close on March 12.
At the close, the all Jamaican Composite Index jumped 1,544.61 points to 324,039.68 and the JSE Index climbed 1,407.32 points to 295,236.78.
Trading closed with 25 securities changing hands, up from 32 on Friday, leading to 13 advancing, 6 declining and 6 trading firm, in the main and US dollar markets. Securities closing with sizable price changes include, Caribbean Cement lost $1 to close at $41, Grace Kennedy declined by $1.50 to $48 and JMMB Group lost $1.30 to end at $24.70.
Main market activity ended with 19,076,584 units valued at $210,708,799 compared to 6,019,816 units valued at $133,802,480 changing hands on Friday. Wisynco Group traded 15,104,462 units and accounted for 79.18 percent of the day’s volume, followed by Ciboney Group, with 1,013,952 units and Victoria Mutual Investments with 659,569 shares.
Trading resulted in an average of 706,540 shares valued at $7,804,030 for each security traded, compared to 250,826 shares valued at $5,575,103 on Friday. For the month to date, an average of 655,542 units with an average value at 21,921,023 traded, compared to 674,192 units with an average value at $23,762,597 changing hands on the previous trading day. In contrast, February closed with average of only 213,336 units valued at $3,392,475 for each security traded.
Trading in the US dollar market on Monday ended with 390,231 units valued at US$104,789 with the market index closing with a fall of 6.21 points to 162.95. Proven Investments ordinary share ended trading 369,771 units at 20 US cents followed by Margaritaville (Turks) with 260 units at 25 US cents and JMMB Group 5.75% preference share, closed with 20,200 units trading at US$1.50.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 3 with a lower offers.
For more details of market activities see – Wisynco corners 79% of JSE main market – Monday.

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Wisynco corners 79% of JSE main market – Monday

March 26, 2018 by

Wisynco, producers of Wata..

Wisynco Group traded 15,104,462 units and accounted for 79.18 percent of the day’s volume of 19,076,584 units valued at $210,708,799, in main market activity on the Jamaica Stock Exchange on Monday.
The main market closed with 27 securities changing hands and ended with 8 securities rising, 8 falling and 11 trading firm. At the end, the JSE All Jamaican Composite Index climbed 1,544.61 points to 324,039.68 and the JSE Index rose 1,407.32 points to 295,236.78.
In main market activity, Barita Investments closed 28 cents higher at $9.45, with 2,593 shares, Berger Paints ended at $17.95, with 1,100 stock units, Cable & Wireless concluded trading with a loss of 1 cent at $1.15, with 84,826 units, Carreras finished at $10.90, with 186,565 shares, Caribbean Cement settled with a loss of $1 to close at $41, with 13,331 shares. Ciboney Group ended trading at 12 cents, with 1,013,952 shares, Grace Kennedy traded with a loss of $1.50 at $48, with 11,033 stock units, Jamaica Broilers finished trading with a loss of 75 cents at $19.25, with 14,298 units, Jamaica Producers closed at $15.15, with 13,306 shares. Jamaica Stock Exchange ended 2 cents higher at $7, with 60,400 shares, JMMB Group fell $1.30 cents to $24.70, with 154,141 shares, Kingston Wharves settled at $40, with 56,687 units, Mayberry Investments ended trading with a loss of 3 cents at $6.25, with 4,338 shares. NCB Financial Group traded 50 cents higher at $99.85, with 28,618 shares, 1834 Investments finished trading at $1.15, with 32,418 shares, PanJam Investment ended at $41.65, with 18,597 units, Pulse Investments finished 10 cents higher at $1.75, with 221,312 shares. Radio Jamaica settled 4 cents higher at $1.10, with 48,935 shares, Sagicor Group finished trading $36.05 higher at $36.05, with 633,364 shares changing hands, Sagicor Real Estate Fund settled with a loss of 45 cents at $15.05, with 16,661 shares. Scotia Group traded with a loss of 42 cents at $53.05, with 175,666 units, Seprod finished trading at $33.50, with 4,692 shares, Supreme Ventures ended 49 cents higher at $11.99, with 500,720 shares. Victoria Mutual Investments concluded trading 10 cents higher at $4.50, with 659,569 stock units and Wisynco Group finished at $10.50, with 15,104,462 units. In the main market preference segment, JMMB Group 7.5% gained 8 cents and closed at $1.10, with 5,000 shares and Proven Investments settled at $5.15, with 10,000 units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Record run falters for JSE majors – Monday.”

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Junior Market still consolidating – Monday

March 26, 2018 by

Junior Market has been consolidating for most of 2018, after peaking in mid 2017.

The Junior Market Index slipped just 0.19 points to close at 2,931.12 on Monday, from 18 securities changing hands, leading to 7 advancing, 7 falling and 4 remaining unchanged.
Trading ended with an exchange of 1,101,351 units valued at $3,914,113.37, compared with 1,215,407 units valued at $4,590,122 from 21 securities changing hands on Friday.
Market activity ended with an average of 61,186 units for an average of $217,451 compared to an average of 57,877 units for an average of $218,577 on Friday. The average volume and value for the month to date, amounts to 139,878 units at $592,290, compared to an average of 143,548 units at $609,769 on the previous trading day. February closed with an average of 338,697 units at an average value of $1,495,774 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 5 stocks ending with the bid higher than the last selling price and 6 with lower offers.
At the close of the market, AMG Packaging ended trading at $2, with 166,225 stock units, CAC 2000 finished market activity at $8.70, with 8,290 shares, Caribbean Producers finished trading with a loss of 3 cents at $4.67, as 28,364 units changed hands, Elite Diagnostic settled 2 cents higher at $3.20, with 400,400 units, Express Catering traded 45 cents higher to $4.95, with 266,510 shares, after the company reported third quarter results showing a 166 percent jump in profits. FosRich Group finished trading with a loss of 25 cents at $2.40, with an exchange of 13,695 shares, General Accident closed with a loss of 6 cents at $3.13, as 3,000 stock units traded, Honey Bun concluded market activity with a loss of 2 cents at $4.73, with 34,250 shares, Jamaican Teas ended trading 6 cents higher at $4.51, with 4,901 stock units. Jetcon Corporation added 5 cents to close at $4.25, with 50,889 units, Knutsford Express ended with a loss of 48 cents at $14, with 961 shares trading, Lasco Distributors concluded trading 5 cents higher at $4.05, with 46,436 stock units, Lasco Financial finished with a loss of 8 cents at $4.92, trading just 188 units. Lasco Manufacturing settled with a loss of 20 cents at $4, with 9,350 shares, Main Event ended trading at $5.81, with 2,000 shares, Medical Disposables closed 18 cents higher at $5, with 38,254 shares and Stationery and Office closed at $5.50, while exchanging 8,989 units. In the junior market preference segment, Derrimon Trading closed 14 cents higher at $2.14, with 18,649 shares, changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , ,

JSE at record high at opening

March 26, 2018 by

The Jamaica Stock Exchange hit a new record within 1 minute of today’s opening with the JSE All Jamaican Composite Index jumping 4,576.37 points to 327,071.44 and the JSE Index climbing 4,169.59 points to a record 297,999.05.
The move beat the previous record intraday high reached on March 9 of when the JSE All Jamaican Composite Index (AJI) surged 6,583.63 points to 325,588.39 and the JSE Index jumped 5,998.43 points to a record 296,647.83 at 10.26 in the morning session.
The Junior Market Index put on 11.32 points to trade at 2,942.63 as Express Catering jumped to $5.25 from $4.50 on Friday, following release of nine months results showing profit increasing 166 percent.
With just 5 minutes to 11am the gains for the main market were trimmed with the AJI being up 3,075.18 points to 325,570.25 and the JSE index was up 2,808.68 to 296,638.14 with the Junior Market index being up 15.45 points to 2,946.76.

Filed Under: Breaking News, JSE Combined, Stock Market Tagged With: , , , , ,

20% profit rise for ISP Finance

March 24, 2018 by

ISP Finance Services reported growth in net profit of 20 percent for 2017 to $48.5 million from $41 million in 2016. For the final quarter of the year profit was flat at $17.9 million versus the same period in 2016. The company reported earnings per share of 46 cents.
Increased loan provision of $7.5 million versus a recovery of $1 was the reason for the flat out turn for the December quarter. Interest income from loans rose 24.6 percent to $287 million from $231 million in 2016 while for the December quarter revenues form loans grew 24 percent to $78.5 million. Net interest income ended at $261 million compared to $205 million for the prior year, an increase of 27 percent while for the December quarter net interest income rose by 40 percent to $71 million. Employees cost rose 32 percent in the quarter to $27 million and 18 percent for the year to $108 million while other operating  expenses closed the year 6 percent higher for the quarter to $17 million and 18 percent for the full year at $76 million.
ISP concluded the year with equity capital of $285 million that generated an average return of 19 percent for the year. The loan portfolio ended at $439 million, up 40 percent from $313 million in 2016 with cash funds of $30 million and borrowings of $208 million.
IC Insider.com projects earnings of $1.20 per share for 2018, the stock that is in limited supply now trades at $13.50 at a PE of 11, the great attraction for the stock is one of long term growth rather than short term gains.

Filed Under: Company News, Company Results Tagged With: , , , ,

JSE main market index falls – Friday

March 23, 2018 by

Seprod jumped $3.50 at the close on Friday.


The main market Jamaica Stock Exchange, lost grounds for first time in five days but with a strongly positive advance decline ratio on Friday.
At the close, the all Jamaican Composite Index fell 1,121.80 points to 322,495.07 and the JSE Index declined by 1,022.09 points to 293,829.46.
Trading closed with 25 securities changing hands, up from 32 on Thursday, leading to 13 advancing, 6 declining and 6 trading firm, in the main and US dollar markets. Securities closing with sizable price changes include, Caribbean Cement rose $2 to $42, Jamaica Broilers gained $1 to $20, Seprod added $3.50 to Thursday’s closing price to close at $33.50 and Scotia Group was up $1.47 to $53.47.
Main market activity ended with 6,019,816 units valued at $133,802,480 compared to 6,093,417 units valued at $73,742,131 changing hands on Thursday. JMMB Group closed 2,319,629 units accounting for 38.53 percent followed by Wisynco Group with 611,295 units and 10.15 percent of the day’s volume and Sagicor Group with 610,599 units or 10.14 percent of total traded securities.
Trading resulted in an average of 250,826 shares valued at $5,575,103 for each security traded, compared to 210,118 shares valued at $2,542,832 on Thursday. For the month to date an average of 674,192 units with an average value at $23,762,597 traded, compared to 674,192 units with an average value at $23,762,597 changing hands on the previous trading day. In contrast, February closed with average of only 213,336 units valued at $3,392,475 for each security traded.
Trading in the US dollar market on Friday ended with JMMB Group 6% US dollar preference share trading 800 units with a loss of 5 cents to close at 95 US cents. The market index closed unchanged at 169.16.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 2 with a lower offers.
For more details of market activities see – Seprod jumped $3.50 on JSE main market – Friday .

Filed Under: Feature Stories, JSE Main Market Tagged With: , , , , , , , , , , , ,

Seprod jumped $3.50 on JSE main market – Friday

March 23, 2018 by

Seprod shares jumped sharply on Friday.


Seprod jumped $3.50 in main market activity of the Jamaica Stock Exchange closed Friday as 24 securities changing hands, leading to 6,019,816 units valued at $133,802,480 trading.
Seprod rise follows, announcement by the company that they will be acquiring Facey distribution business.
The main market closed with 13 securities rising, 5 falling and 6 trading firm. At the end, the JSE All Jamaican Composite Index dropped 1,121.80 points to 322,495.07 and the JSE Index fell 1,022.09 points to 293,829.46.
In main market activity, Barita Investments closed 17 cents higher at $9.17, with 1,602 shares, Berger Paints ended 1 cent higher at $17.95, with 10,168 stock units, Cable & Wireless concluded trading at $1.16, with 42,395 units, Carreras finished 55 cents higher at $10.90, with 150,094 shares, Caribbean Cement climbed $2 to $42, with 22,645 shares. Ciboney Group ended trading at 12 cents, with 305,350 shares changing hands, Grace Kennedy traded 50 cents higher at $49.50, with 253,780 stock units, Jamaica Broilers closed with a rise of $1 to $20, with 105,430 units, Jamaica Producers closed 15 cents higher at $15.15, with 50,751 shares. JMMB Group concluded trading at $26, with 2,319,629 shares, Kingston Wharves settled at $40, with 1,250 units, Mayberry Investments ended trading with a gain of 28 cents to $6.28, with 63,500 shares, NCB Financial Group traded with a loss of 15 cents at $99.35, with 15,682 shares. 1834 Investments finished trading at $1.15, with 104,609 shares, PanJam Investment ended with a loss of 32 cents at $41.65, with 163,550 units, Radio Jamaica settled 4 cents higher at $1.06, with 44,267 shares, Sagicor Group ended trading with a loss of 20 cents at $36, with 610,599 stock units. Sagicor Real Estate Fund ended trading 26 cents higher at $15.50, with 42,650 shares, Scotia Group finished trading $1.47 higher at $53.47, with 304,907 shares, Seprod closed $3.50 higher at $33.50, with 4,774 shares, Supreme Ventures concluded trading with a loss of 26 cents at $11.50, with 37,631 stock units, Victoria Mutual Investments finished with a loss of 10 cents at $4.40, with 524,181 units, Wisynco Group settled at $10.50, with 611,295 shares and in the main market preference segment, Jamaica Money Market 7.5% traded 5 cents higher at $1.95, with 229,077 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE main market index falls – Friday.”

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , ,

Junior Market jumps on Friday

March 23, 2018 by

Blue Power jumped $9 to $42.

The Junior Market Index jumped 47.32 points to close at 2,931.31 on Friday with 21 securities changing hand as 11  advanced, 6 declined and 4 remained unchanged.
Trading ended with an exchange of 1,215,407 units valued at $4,590,122, compared with 2,139,884 units at $8,911,130 from 25 securities changing hands on Thursday.
Trading ended with an average of 57,877 units for an average of $218,577 compared to an average of 85,595 units for an average of $356,445 on Thursday. The average volume and value for the month to date, amounts to 143,548 units at $609,769, compared to an average of 148,477 units at $632,276 on the previous trading day. February closed with an average of 338,697 units at an average value of $1,495,774 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 1 stock ending with the bid higher than the last selling price and 6 with lower offers.
At the close of the market, Access Financial closed $1 higher at $51, with 4,205 shares, AMG Packaging ended at $2, with 7,000 stock units changing hands, Blue Power jumped $9 to $42, with 2,000 units, Caribbean Producers finished trading 3 cents higher at $4.70, with 22,000 units, Consolidated Bakeries closed 4 cents higher at $2.04, with 2,000 shares. Derrimon Trading climbed $1.49 to $9.49, with 20,000 shares, Elite Diagnostic settled 6 cents higher at $3.18, with 339,242 units, Express Catering traded with a loss of 10 cents at $4.50, with 69,402 shares, FosRich Group finished trading at $2.65, with 355,416 shares. GWest Corporation ended with a loss of 5 cents at $2.75, trading 6,497 units, Honey Bun concluded trading 45 cents higher at $4.75, with 15,070 shares, Iron Rock finished with a loss of 10 cents at $3, with 23,600 shares, Jamaican Teas gained 44 cents to end at $4.45, with 2,825 stock units. Jetcon Corporation traded 2 cents higher at $4.20, with 9,800 units, Lasco Distributors concluded trading at $4, with 206,524 stock units changing hands, Lasco Financial rose 20 cents to $5, with 50,557 units, Lasco Manufacturing rose 21 cents to $4.20, with 55,884 shares. Main Event ended trading 19 cents down at $5.81, with 11,335 shares, Medical Disposables fell 3 cents to $4.82, with 10,300 shares, Stationery and Office closed at $5.50, with 1,650 units and tTech concluded trading with a loss of 85 cents at $5.15, with 100 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

Junior Market lost ground on Thursday

March 22, 2018 by

Junior Market activity resulted in with just 9 security advancing, 9 declining and 7 remaining unchanged, with the Junior Market Index declined by 20.97 points to close at 2,883.99.
Trading ended on Thursday with an exchange of 2,139,884 units valued at $8,911,130 from 25 securities, compared with 994,247 units valued at $3,815,366 from 20 securities changing hands on Wednesday.
Trading ended with an average of 85,595 units for an average of $356,445 compared to an average of 49,712 units for an average of $190,768 on Wednesday. The average volume and value for the month to date, amounts to 148,477 units at $632,276, compared to an average of 153,101 units at $652,558 on the previous trading day. February closed with an average of 338,697 units at an average value of $1,495,774 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 4 stocks ending with the bid higher than the last selling price and 7 with lower offers.
At the close of the market, Access Financial closed with a loss of $1 at $50, with 100 shares, AMG Packaging ended at $2, with 150,000 stock units changing hands, Caribbean Cream ended trading at $5.99, with 8,000 shares, Caribbean Flavours traded at $10.90, with 2,600 stock units, Caribbean Producers finished trading 22 cents higher at $4.67, with 9,740 units. Consolidated Bakeries closed with a loss of 4 cents at $2, with 1,000 shares, Elite Diagnostic gained 1 cent and closed at $3.12, with 116,140 units, Eppley ended trading 14 cents higher at $10.14, with 300 shares, Express Catering traded with a rise of 10 cents at $4.60, with 63,082 shares. FosRich Group finished trading 331,255 shares and gained 25 cents to $2.65, General Accident closed at $3.19, with 4,591 stock units, GWest Corporation ended 10 cents higher at $2.80, with 17,000 units changing hands, Honey Bun concluded trading with a loss of 9 cents at $4.30, with 32,617 shares. Iron Rock finished 5 cents higher at $3.10, with 28,125 shares, Jamaican Teas ended trading with a loss of 49 cents at $4.01, with 48,257 stock units, Jetcon Corporation closed with a loss of 7 cents at $4.18, with 9,600 units, KLE Group fell 3 cents to $2.30, with 200 shares. Knutsford Express ended at $14.48, with 4,477 shares, Lasco Distributors concluded trading at $4, with 48,710 stock units, Lasco Financial finished with a loss of 20 cents at $4.80, with 1,037,165 units, Lasco Manufacturing settled with a loss of 21 cents at $3.99, with 38,735 shares. Main Event ended trading 19 cents higher at $6, with 121,618 shares and Stationery and Office closed at $5.50, with 54,848 units. In the Junior Market preference segment, Eppley 8.25% ended with a loss of 29 cents at $7, with 8,324 stock units, Eppley 9.5% finished 80 cents higher at 52 weeks’ high of $6.25, with 3,400 shares, changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , ,

JSE main market closed higher again – Thursday

March 22, 2018 by

The main market Jamaica Stock Exchange, closed higher at the end of trading on Thursday for the 4th day in a row, with stock prices being mixed, with the advance decline ratio ending slightly negative.
At the close, the all Jamaican Composite Index rose 1,055.77 points to 323,616.87 and the JSE Index climbed 961.92 points to end at 294,851.55.
Trading closed with 32 securities changing hands, up from 28 on Wednesday, leading to 9 advancing, 12 declining and 11 trading firm, in the main and US dollar markets. Securities closing with sizable price changes include, Grace Kennedy lost $1 to end at $49, Jamaica Broilers fell $1 to $19, JMMB Group added $1 to $26, Portland JSX dropped $1 to $8.50 and Scotia Group fell $2 to $52.
Main market activity ended with 6,093,417 units valued at $73,742,131 compared to 71,072,740 units valued at $6,270,318,116 changing hands on Wednesday. Ciboney Group closed with 1,458,766 units accounting for 23.94 percent followed by Jamaica Broilers with 1,366,225 units and 22.42 percent of the volume for the day and Wisynco Group with 673,050 units or 11.05 percent of the day’s volume.
Trading resulted in an average of 210,118 shares valued at $2,542,832 for each security traded, compared to 2,450,784 shares valued at $216,217,866 on Wednesday. For the month to date an average of 674,192 units with an average value at $23,762,597 traded, compared to 706,388 units with an average value at $25,336,441 changing hands on the previous trading day. In contrast, February closed with average of only 213,336 units valued at $3,392,475 for each security traded.
Trading in the US dollar market on Thursday, ended with 190,139 units valued at $57,528 changing hands with JMMB Group 5.75% US dollar preference share contributing 13,000 units at US$1.50, Margaritaville gained 5 US cents to close at 25 US cents with 400 units trading and Proven Investments had 176,739 units trading at 22 US cents, leaving the market index at 169.16.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 1 with a lower offer.
For more details of market activities see – Moderate JSE main market trading – Thursday.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , ,