Juniors climb in modest trading

December 14, 2017 by

The Junior Market of the Jamaica Stock Exchange gained moderately on Thursday, with the market index rising 16.60 points to close at 2,671.26 as the prices of 7 securities advanced, 4 declined and 4 remained unchanged.
At the close of market activities on a day with sharply lower trading levels than on Wednesday, only 15 securities changed hands, resulting in an exchange of 421,479 units valued at $1,639,472 compared to 2,224,289 units valued at $10,033,873 on Wednesday from 20 securities trading.
Trading ended with an average of 28,099 units for an average of $109,298 in contrast to 111,214 units for an average of $501,694 on Wednesday. The average volume and value for the month to date amounts to units 79,086 valued at $326,414 and previously, 83,407 shares valued at $344,814. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ending with bids higher than the last selling prices and 4 with lower offers.
At the close of the market, Access Financial closed at $38, with 1,565 shares trading, CAC 2000 settled with a loss of 6 cents at $6.44, with 2,714 shares, Cargo Handlers ended trading 5 cents higher at $10.90, with 100 stock units, Caribbean Cream traded 14 cents higher at $5.75, with 1,099 units, Caribbean Producers closed with a loss of 39 cents at $3.61, with 42,543 shares. Express Catering ended trading 1 cent higher at $4.29, with 24,811 stock units, Jamaican Teas concluded trading 37 cents higher at $3.70, with 44,213 units, Jetcon Corporation finished at $4.30, with 67,551 shares, KLE Group ended trading 42 cents higher at $2.50, with 1,118 stock units. Lasco Distributors finished trading with a loss of 24 cents at $4.11, with 31,962 shares, Lasco Financial closed at $4.75, with 4,948 shares, Lasco Manufacturing ended with a loss of 15 cents at $3.30, with 81,530 stock units, Medical Disposables finished 5 cents higher at $5, with 965 shares, Paramount Trading settled 18 cents higher at $2.88, with 100,310 shares and tTech finished trading at $5.50, with 16,050 shares.

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: , , , , , , , , , , , , , , , , ,

Big jump in JSE main market – Wednesday

December 13, 2017 by

Trading on the Main Market of the Jamaica Stock Exchange closed on Wednesday with a big rise in the market indices as investors continue shaking off the sell-off leading up to the four Initial Public Offers that were on the market and closed last week and earlier this week.
The market activity resulted in a surge of 2,953.90 points in the JSE All Jamaican Composite Index to close at 305,561.83 while the JSE Index jumped 2,691.33 points 278,401.38 at the close of a moderate day of market activity.
At the close of the market, 22 securities changing hands, securities changing hands, 11 advanced, 5 declined and 5 traded firm with 868,056 units valued at $20,860,689 compared to 1,747,498 units valued at $52,030,701 from 22 securities changing hands on Tuesday.
Trading ended with an average of 39,457 units for an average of $948,213 in contrast to 79,432 units for an average of $2,365,032 on Tuesday. The average volume and value for the month to date amounts to 127,855 units valued at $2,927,387 and previously, 137,727 units valued at $3,179,073. In contrast, November closed with average of 349,084 units at an average of $5,801,440 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Proven Investments US ordinary share was the sole trade in the US dollar market, with 3,925 units valued at over US$903 changing hands in closing at 23 US cents, with the JSE USD Equities Index closing unchanged at 174.66.
The major movers at the close, are Berger Paints rising $1.50, JMMB Group rising 97 cents, Mayberry Investments rising 82 cents, PanJam Investment jumping $3.50 while Caribbean Cement fell $1.21, Grace Kennedy with a loss of $1, Sagicor Group falling $1.85, while Scotia Group lost 90 cents.

For more details of market activities see – “Stocks rise in moderate trading.”

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

JSE stocks rise in moderate trading

December 13, 2017 by

Bulls pushing Jamaican stocks.

Trading on the Main Market of the Jamaica Stock Exchange closed with 22 securities changing hands, of which 11 advanced, 5 declined and 5 traded firm with just 868,056 units valued at a mere $20,860,689.
Trading resulted in the JSE All Jamaican Composite Index climbing 2,953.90 points to close at 305,561.83 and the JSE Index advanced by 2,691.33 points to close at 278,401.38.
In the market activity, Berger Paints finished $1.50 higher at $17, with 8,715 shares, Caribbean Cement ended trading with a loss of $1.21 at $30.01, with 5,500 stock units, Carreras traded 15 cents higher at $10.50, with 168,396 units, Grace Kennedy closed with a loss of $1 at $42, with 31,693 shares. Jamaica Broilers ended at $17.70, with 11,221 stock units, Jamaica Producers concluded trading with a loss of 1 cent at $15.09, with 5,239 units, Jamaica Stock Exchange finished 20 cents higher at $7.20, with 31,833 shares, JMMB Group settled 97 cents higher at $23.98, with 44,686 shares. Kingston Wharves traded at $32, with 3,927 units, Mayberry Investments finished trading 82 cents higher at $6, with 150,597 shares, NCB Financial Group closed at $99.99, with 96,102 shares, 1834 Investments ended at $1.20, with 336 stock units, PanJam Investment closed trading with a rise of $3.50 to $45, with 4,959 units. Pulse Investments settled 20 cents higher at $1.70, with 47,159 shares, Radio Jamaica ended trading 5 cents higher at $1.05, with 20,362 stock units, Sagicor Group traded with a loss of $1.85 at $34.65, with 52,540 units, Sagicor Real Estate Fund finished trading 51 cents higher at $15, with 6,698 shares. Salada Foods Jamaica closed 24 cents higher at $9.85, with 5,450 shares, Scotia Group ended with a loss of 90 cents at $50.10, with 25,560 stock units, Sterling Investments finished at $12, with 14,527 shares and Supreme Ventures settled 31 cents higher at $10.56, with 130,956 shares. In the main market preference segment, JMMB Group 7.5% ended trading at $1.15, with 1,600 units trading.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Big jump in JSE main market – Wednesday.”

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Junior Market down on Wednesday

December 13, 2017 by

Access traded with a rise of $2.10 on the junior market.

The Junior Market of the Jamaica Stock Exchange lost grounds on Wednesday, with the market index dropping 28.86 points to close at 2,654.66 as 5 securities advanced, 8 declined and 7 remained unchanged, with Access Financial rising by $3.50 and Blue power by $2.10.
Trading closed with 20 securities changing hands, resulting in an exchange of 2,224,289 units valued at $10,033,873 compared to 888,134 units valued at $3,977,999 from 26 securities on Tuesday.
Trading ended with an average of 111,214 units for an average of $501,694 in contrast to 34,159 units for an average of $153,000 on Tuesday. The average volume and value for the month to date amounts to units 83,407 valued at $344,814 and previously 79,865 units valued at $324,829. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ending with bids higher than the last selling prices and 4 with lower offers.
At the close of the market, Access Financial closed $3.50 higher at $38, with 2,000 shares changing hands, AMG Packaging ended at $2.90, with 7,000 stock units, trading after dipping to a 52 weeks’ intraday low of $2.70. Blue Power concluded trading $2.10 higher at $44, with 10,000 units, Cargo Handlers ended trading at $10.85, with 2,790 stock units, Caribbean Cream traded with a loss of 20 cents at $5.61, with 55,000 units trading. Caribbean Producers closed 1 cent higher at $4, with 11,114 shares, Consolidated Bakeries ended with a loss of 40 cents at a 52 weeks’ low of $1.40, with 1,500 stock units, Derrimon Trading concluded trading at $7, with 1,000 units, Dolphin Cove finished at $17, with 1,568 shares. Express Catering ended trading 8 cents higher at $4.28, with 5,189 stock units, General Accident traded with a loss of 38 cents at $3, with 10,335 units, Honey Bun finished trading at $3.99, with 1,516 shares, Jamaican Teas lost 17 cents to close at $3.33, with 229,800 units. Jetcon Corporation finished with a loss of 40 cents at $4.30, with 1,063,400 shares, Knutsford Express traded with a loss of 5 cents at $14.75, with 5,530 units, Lasco Distributors finished trading 10 cents higher at $4.35, with 516,274 shares, Lasco Financial closed with a loss of 65 cents at $4.75, with 43,798 shares. Lasco Manufacturing ended with a loss of 7 cents at $3.45, with 14,461 stock units, Main Event concluded trading at $5.09, with 169,788 units and Stationery and Office ended trading at $4.80, with 72,226 stock units.

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: , , , , , , , , , , , , , , , , , , , , , ,

VM Investments 2 times over

December 13, 2017 by

Yet another Initial Public Offering crossed the line with demand exceeding supply as the latest issue by VM Investments to raise just under $700 million, has been oversubscribed and closed at the end on Tuesday.
“We were heartened by the overwhelming confidence demonstrated by Members of the Victoria Mutual family and the wider public. We closed today with subscriptions in excess of $2 Billion for the $689,261,487 offer” Devon Barrett, Victoria Mutual Group’s Chief Investment Officer said.
Barrett went on to say “we believe this augurs well for Jamaica’s economic growth and look forward to contributing to this growth by providing financing solutions for small and medium-sized entities in Jamaica. Details on the basis for allocation will be communicated to the Jamaica Stock Exchange in a subsequent advisory.”

Devon Barrett CEO of VMIL addressing invitees at the formal announcement of the IPO

A total of 225,003,750 Ordinary Shares in the Offer are initially reserved for staff and customers of the VMBS Group at discounts from $2.08 to $2.33 each and 75 million for the general public at $2.45 each. The offer which opens on December 11, was scheduled to close on December 18.
The company reported profit after taxes of $326 million, surpassing the $310 million made in 2015 and up to September profit of $273 million was achieved putting in on track for $360 for the year or 30 cents per share with PE ratio of 8, which is well below the average of the market 14.
Last week, FosRich and GWest closed with the issue oversubscribed and Wisynco closed with over $17 billion chasing a little more than $6 billion that was sought. Reports are that the Wisynco offer was heavily subscribed to by institutional investors.

Filed Under: Initial Public Offers Tagged With: , , , , ,

Rising stocks beat out decliners

December 12, 2017 by

At the close of the Main Market activity on the Jamaica Stock Exchange on Tuesday, 22 securities changed hands, of which 8 advanced, 5 declined and 7 traded firm as 1,747,498 units valued at $52,030,701 traded.
Trading resulted in the JSE All Jamaican Composite Index climbing 1,009.83 points to close at 302,607.93 and the JSE Index rising 920.06 points to close at 275,710.05.
In the market activity Barita Investments concluded trading at $7.75, with 150 units, Berger Paints gained 95 cents higher to end at $15.50, with 3,724 shares, Cable & Wireless settled 5 cents higher at $0.99, with 259,242 shares, Caribbean Cement ended trading with a loss of 63 cents at $31.22, with 1,771 stock units, Carreras traded at $10.35, with 39,108 units. Grace Kennedy closed 1 cent higher at $43, with 103,842 shares, Jamaica Broilers ended 60 cents higher at $17.70, with 200 stock units, Jamaica Stock Exchange finished at $7, with 9,619 shares changing hands, JMMB Group settled with a loss of 98 cents at $23.01, with 324,315 shares. Kingston Wharves traded at $32, with 1,038 units trading, Mayberry Investments finished trading with a loss of 77 cents at $5.18, with 58,159 shares, NCB Financial Group closed 49 cents higher at $99.99, with 102,237 shares changing hands, Pulse Investments settled at $1.50, with 12,800 shares. Radio Jamaica ended trading at $1, with 93,566 stock units, Sagicor Group traded $1.70 higher at $36.50, with 32,430 units, Sagicor Real Estate Fund finished trading at $14.49, with 6,025 shares, Salada Foods Jamaica closed 11 cents higher at $9.61, with 3,117 shares. Scotia Group ended with a loss of $1 at $51, with 527,032 stock units trading, Seprod dived $2.52 t0 $27, with just 835 units changing hands and Supreme Ventures settled 5 cents higher at $10.25, with 53,188 shares. In the main market preference segment, Jamaica Money Market Brokers 7.5% traded just 100 units at $1.85 and JMMB Group 7.5% ended trading at $1.15, with 115,000 units trading.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE majors head higher – Tuesday.”

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

Junior Market jumps sharply – Tuesday

December 12, 2017 by

Blue Power jumped $4.95 higher to close at $41.90.

The Junior Market of the Jamaica Stock Exchange gained further grounds on Tuesday following modest gains on Monday, with the market index jumping 53.30 points to close at 2,683.52, the prices of 12 securities advanced, 5 declined and 9 remained unchanged.
Trading closed on with 26 securities changing hands, resulting in an exchange of 888,134 units valued at $3,977,999 compared to 1,018,603 units valued at $4,155,191 from 17 securities on Monday.
Trading ended with an average of 34,159 units for an average of $153,000 in contrast to 59,918 units for an average of $244,423 on Monday. The average volume and value for the month to date amounts to 88,937 units valued at $358,933 and previously 129,298 valued at $491,038. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ending with bids higher than the last selling prices and 4 with lower offers.
At the close of the market, Access Financial closed $2.50 higher at $34.50, with 2,211 shares, AMG Packaging ended with a loss of 3 cents at $2.90, with 20,000 stock units, Blue Power concluded trading $4.95 higher at $41.90, with 2,000 units, Cargo Handlers ended trading at $10.85, with 11,233 stock units, Caribbean Cream traded 51 cents higher at $5.81, with 10,077 units. Caribbean Flavours finished trading at $11, with 11,798 shares, Consolidated Bakeries ended with a loss of 5 cents at $1.80, with 51,297 stock units, Dolphin Cove finished at $17, with 200 shares, Eppley settled at $10, with 3,000 shares. Express Catering ended trading 12 cents higher at $4.20, with 24,300 stock units, General Accident traded 85 cents higher at $3.38, with 5,000 units, Honey Bun finished trading 9 cents higher at $3.99, with 8,825 shares, Iron Rock closed 5 cents higher at $2.85, with 17,081 shares. ISP Finance ended at $11, with 2,000 stock units, Jamaican Teas concluded trading at $3.50, with 388,000 units, Key Insurance settled 20 cents higher at $3.45, with 17,194 shares, KLE Group ended trading with a loss of 45 cents at $2.08, with 50,000 stock units. Knutsford Express traded 65 cents higher at $14.80, with 42,431 units, Lasco Distributors finished trading 5 cents higher at $4.25, with 39,023 shares, Lasco Financial closed 65 cents higher at $5.40, with 5,000 shares, Lasco Manufacturing ended 22 cents higher at $3.52, with 5,800 stock units. Main Event concluded trading at $5.09, with 15,919 units, Paramount Trading settled with a loss of 38 cents at $2.70, with 48,940 shares, Stationery and Office ended trading at $4.80, with 100,741 stock units, Sweet River traded with a loss of 1 cent at $3.85, with 1,064 units and tTech finished trading at $5.50, with 5,000 shares.
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 majors head higher – Tuesday

December 12, 2017 by

Sagicor Group gaining $1.70.

Trading on the Main Market of the Jamaica Stock Exchange closed on Tuesday with the JSE All Jamaican Composite Index climbing 1,009.83 points to close at 302,607.93 and the JSE Index rising 920.06 points to close at 275,710.05.
At the close of the market, 22 securities changing hands, 8 advanced, 5 declined and 7 traded firm with 1,747,498 units valued at $52,030,701 compared to 3,390,479 units valued at $79,727,658 from 23 securities changing hands on Monday.
Trading ended with an average of 79,432 units for an average of $2,365,032 in contrast to 147,412 units for an average of $3,466,420 on Monday. The average volume and value for the month to date amounts to 137,727 units valued at $3,179,073 and previously, 145,056 units valued at $3,297,675. In contrast, November closed with average of 349,084 units at an average of $5,801,440 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Proven Investments US ordinary share was the sole trade in the US dollar market, with 37,090 units valued at $8,531, changing hands in closing 0.50 cents lower to 23 US cents. Trading led to the JSE USD Equities Index declining 2.29 points to close at 174.66.
The major movers at the close, are Berger Paints rising 95 cents, Sagicor Group gaining $1.70, JMMB Group falling 98 cents, while Scotia Group lost $1 and Seprod fell by $2.52.

For more details of market activities see – “Rising stocks beat out decliners.”

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

Falling prices dominate JSE majors – Monday

December 11, 2017 by

The price of NCB Financial climbed $2.50 on the JSE.

When the main market of the Jamaica Stock Exchange closed on Monday, 23 securities changed hands, 6 advanced, 10 declined and 6 traded firm with 3,390,479 units valued at $79,727,658 passing over the exchange.
The Main Market ended with the JSE All Jamaican Composite Index diving 2,600.36 points to close at 301,598.10 while the JSE Index dropped 2,369.22 points to 274,789.99.
In market activity, Berger Paints finished at $14.55, with 15,000 shares, Cable & Wireless settled with a loss of 15 cents at 94 cents, with 125,361 stock units, Carreras traded with a loss of 15 cents at $10.35, with 123,130 units, Ciboney Group finished trading at 35 cents, with 20,683 shares. Grace Kennedy closed with a loss of 1 cent at $42.99, with 1,000 units, Jamaica Broilers ended with a loss of 60 cents at $17.10, with 20,296 stock units, Jamaica Producers concluded trading at $15.10, with 3,746 units, Jamaica Stock Exchange finished at $7, with 464,604 shares. JMMB Group settled with a loss of 1 cent at $23.99, with 36,522 shares, Kingston Wharves traded with a loss of 70 cents at $32, with 69,604 units, NCB Financial Group closed $2.50 higher at $99.50, with 71,520 shares, 1834 Investments ended 5 cents higher at $1.20, with 12,961 stock units, PanJam Investment concluded trading 12 cents higher at $41.50, with 8,500 units. Pulse Investments settled at $1.50, with 950 shares, Radio Jamaica ended trading at $1, with 320,391 stock units, Sagicor Group traded with a loss of $3.30 at $34.80, with 1,594,318 units, Sagicor Real Estate Fund finished trading with a loss of 1 cent at $14.49, with 18,710 shares. Salada Foods Jamaica closed 50 cents higher at $9.50, with 5,000 shares, Scotia Group ended $1 higher at $52, with 147,734 stock units, Seprod concluded trading with a loss of 48 cents at $29.52, with 200 units and Supreme Ventures settled 20 cents higher at $10.20, with 8,220 shares. In the main market preference segment, Jamaica Money Market Brokers 7.25% traded 122,029 units but fell 5 cents to $1.85 JMMB Group 7.5% ended trading at $1.15, with 200,000 stock units.

 

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities see report “JSE main market drops – Monday.”

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

JSE main market drops – Monday

December 11, 2017 by

Trading on the Main Market of the Jamaica Stock Exchange ended with the JSE All Jamaican Composite Index declined by 2,600.36 points to close at 301,598.10 and the JSE Index declined by 2,369.22 points to close at 274,789.99.
The market finished on Monday with 23 securities changing hands, 6 advanced, 10 declined and 6 traded firm with 3,390,479 units valued at $79,727,658 compared to 581,428 units valued at $23,062,993 on Friday from 16 securities changing hands.
Trading ended with an average of 147,412 units for an average of $3,466,420 in contrast to 36,339 units for an average of $1,441,437 on Friday. The average volume and value for the month to date amounts to 145,056 units valued at $3,297,675 and previously, 144,699 units valued at $3,267,354. In contrast, November closed with average of 349,084 units at an average of $5,801,440 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Proven Investments US ordinary share was the sole trade in the US dollar market, with 100,000 units valued at US$23,485 changing hands in closing 2 cents higher to 23.5 US cents, with the index rising 4.06 points to 176.96.
The major movers at the close, are Berger Paints falling $2.45, NCB Financial jumping $2.50 following last Friday’s announcement of a bid to acquire majority shares in Guardian Holdings, Sagicor Group fell $3.30 in trading 1,594,318 units, while Scotia Group rose $1.
For more details of market activities see report – Falling prices dominant for JSE major – Monday

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