Volatility hits prices on JSE main market

November 20, 2017 by

Caribbean Cement stock price jumped $2 on Monday to close at $35.

The JSE All Jamaican Composite Index dropped by 1,137.09 points to close at 314,851.62 and the JSE Index declined by 1,036.02 points to close at 286,865.44 on Monday as nine stocks had wild movement in prices ranging from 79 cents to $2.
The US dollar market index fell 6.90 points to 161.90 as 3 securities traded in this market with a volume of 119,502 units valued at US$33,226. The US dollar market that was up sharply in the first half of the year is now trading in negative territory with the two major contributors to the big move in 2017 suffering sharp reversal in fortunes. The main market closed with 4,115,612 units valued at $48,667,070 trading.
Trading on the Main Market and the US dollar market of the Jamaica Stock Exchange ended with 26 securities changing hands, as 8 advanced, 12 declined and 6 traded firm.
In the main activity Berger Paints finished at $16, with 23,483 shares, Cable & Wireless settled 2 cents higher at $1.07, with 1,295,319 shares trading, Caribbean Cement ended trading $2 higher at $35, with 393,242 stock units, Carreras traded with a loss of 20 cents at $11.20, with 540,401 units. Ciboney Group finished trading at a 52 weeks’ high after rising 2 cents to close at 27 cents, with 471,130 shares, Grace Kennedy closed 10 cents higher at $43.10, with 102,504 shares, Jamaica Broilers ended at $18.80, with 14,074 stock units, Jamaica Stock Exchange finished with a loss of 1 cent at $7, with 29,960 shares. JMMB Group settled 79 cents higher at $29.40, with 38,687 shares, Kingston Wharves traded with a loss of 99 cents at $33, with 21,845 units passing through the market, Mayberry Investments finished trading at $5.20, with 3,911 shares, NCB Financial Group closed with a loss of $1 at $103, with 34,440 shares. 1834 Investments ended at $1.30, with 20,000 stock units, PanJam Investment concluded trading with a loss of 1 cent at $41.99, with 3,890 units, Pulse Investments settled 1 cent higher at $1.80, with 47,343 shares, Radio Jamaica ended trading at $1.10, with 14,704 stock units, Sagicor Group traded with a loss of $1.40 at $35.60, with 12,516 units. Sagicor Real Estate Fund finished trading with a loss of 50 cents at $14.50, with 336 shares, Salada Foods Jamaica closed at $8.50, with 824,963 shares, Scotia Group ended with a loss of $1.50 at $52, with 155,603 stock units, Seprod finished $1.99 higher at $31.99, with 53,958 shares and Supreme Ventures ended trading with a loss of $1 to $10.80, with 9,303 stock units. In the main market preference segment, JMMB Group 7.5% preference share ended trading 5 cents lower at $1.05, with 4,000 stock units, while in the US dollar market JMMB Group 6% preference share rose modestly to close at US$1.22 with 10,000 units, Margaritaville traded 6,100 units at 19 US cents after falling 1 cent and Proven Investments traded 103,402 ordinary share in the US dollar market at 20.01 US cents after slipping 1 cent.

Prices of securities trading for the day are those at which the last trade took place.

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

10 Junior Market stocks rise 6 fall

November 20, 2017 by

Trading on the Junior Market of the Jamaica Stock Exchange ended with the prices of 10 securities advancing, 6 declined and 2 remained unchanged on Monday with 19 securities changing hands, the same number as on Friday.
At the close of market activities, the Junior Market Index declined by 24.55 points to close at 2,972.71, resulting from an exchange of 2,877,033 units valued at $17,351,257 compared to 1,034,761 units valued at $4,990,857 on Friday.
Trading ended with an average of 151,423 units for an average of $913,224 in contrast to 54,461 units for an average of $262,677 on Friday. The average volume and value for the month to date amounts to 133,594 units valued at $602,040 and previously an average of 121,656 units valued $578,945. In contrast, October closed with an average of 74,690 units valued at $362,548, for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, Access Financial closed with a loss of $1.20 at $40, with 80,000 shares, AMG Packaging lost 1 cent to end at $3.07, with 12,500 stock units, Cargo Handlers ended trading 2 cents higher at $11.01, with 56,829 units, Caribbean Cream added 5 cents to close at $5.60, with 600 units, Caribbean Producers traded with a loss of 2 cents at $4.08, with 273,549 units, Express Catering ended 10 cents higher at $4.60, with 60,376 stock units. General Accident finished 2 cents higher at $2.72, with 13,800 shares, Honey Bun settled at $4.80, with 8,194 shares, ISP Finance ended trading with a loss of 20 cents at $16, with just 414 stock units, Jamaican Teas traded with a loss of 10 cents at $4, with 100,000 units. Jetcon Corporation finished trading at $4.60, with 50,877 shares changing hands, Knutsford Express closed 50 cents higher at $13.50, with 7,400 shares. Lasco Distributors settled 30 cents higher at $5.50, with 2,075,784 shares, Lasco Financial ended trading with fell 29 cents to close at $6.31, with 70,396 stock units, Lasco Manufacturing traded 16 cents higher at $4.20, with 34,728 units, Paramount Trading concluded trading with 2,857 units to gain 30 cents to end at $3.80, Stationery and Office ended trading 3 cents higher at $5.15, with 16,256 stock units and tTech finished trading 50 cents higher at $7, with 12,173 shares. In the junior market preference segment, Derrimon Trading ended with 300 units changing hands at $2.
Prices of securities trading for the day are those at which the last trade took place.

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Profit at Jamaican Teas rise 58%

November 19, 2017 by

Jamaican Teas CEO, John Mahfood addressing the company’s last AGM in 2017.

Jamaican Teas enjoyed strong growth of 86 percent in profit after corporate taxes for the quarter to September amounting $39 million up from $21 million in the previous year.
Profit before taxation rose to $54 million compared to $44 million an increase of 22 percent. For the twelve months to September, profits after taxation is up 58 percent to $186 million after the booking of some material one off cost and income in arriving at outcome for the year.
The Group enjoyed positive performance from continued improvement in core business at Jamaican Teas with increased exports sales of 24 percent for the quarter and 26 percent for the year as well as good growth in the sales at the supermarket in Kingston for the twelve months to Sept 2017 resulting in a strong increase of 19 percent in overall group sales as sales increased by 5 percent from $342 million to $358 million, during the final quarter of the fiscal year. For the year sales revenues rose to $1.53 billion from $1.29 billion in addition the group recorded other revenues of $94 million versus $61 million in 2016 and $44 million versus $21 million in the quarter.
Although the group realized gains on investments of $60 million during the year the report shows more than $37 million in unrealized gains on investments at the end of September.
The results represent another good year for the group coming off 2016, with growth in sales and profits from continuing operations of 9.5 percent and 103 percent respectively.
FINANCIAL POSITION|Shareholders’ equity continues to expand, exceeding the $1 billion market for the first time. Quoted investments and cash stood at $304 million at the end of the quarter. Working capital amounted to $529 million and includes borrowings of $167 million while long term borrowings ended the period at $70 million.
During the year, the group acquired 43 percent of the issued ordinary shares of KIW International, the company results, assets and liabilities are consolidated in the groups’ accounts.
Subsequent to the year end the directors approved a dividend of 3 cents per share payable on December 19, on the increased number of shares in issue of 682 million units. During the year the shares were increased based on a 2 for 1 stock split with the stock price rising from $1.95 to $4.10 presently the second consecutive year with gains of more than 100 percent in the stock price.
The new fiscal year has started off very well. According to management in commenting on the post quarter sales performance, “in October 2017 we doubled our export sales while our local tea sales increased by 26 percent and our supermarket sales by 8 percent. The group’s future prospects for the remainder of the quarter look favourable.”

John Jackson is acting Chairman of the group

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

JSE stocks mostly rose – Friday

November 17, 2017 by

JMMB rose $2.11 on Friday

The majority of stocks trading rose on Friday with 13 gaining, 5 declining and 7 traded firm on the Main Market of the Jamaica Stock Exchange as 5 stocks gaining a dollar or more and the largest decline being 60 cents.
The market 25 securities with 6,563,781 units valued at $52,758,651 and ended with the market indices rising strongly, with the JSE All Jamaican Composite Index jumping 2,423.90 points to close at 315,988.71 and the JSE Index climbing 2,208.45 points to 287,901.46.
In the main market activity, Barita Investments jumped $1 to close at $9, with 124,043 units trading, Berger Paints traded at $16, with 24,851 shares, Cable & Wireless ended trading 8 cents higher at $1.05, with 841,666 shares after trading at $1.10 earlier in the trading session, Caribbean Cement closed at $33, with 9,531 stock units, Carreras ended trading with a loss of 1 cent at $11.40, with 321,630 units. Ciboney Group traded 3 cents higher at 25 cents, with 50,000 shares, Grace Kennedy settled at $43, with 11,784 shares, Jamaica Broilers fell 19 cents to $18.80, with 16,868 stock units, Jamaica Producers finished with a loss of 5 cents at $15.50, with 24,241 units. Jamaica Stock Exchange closed 1 cent higher at $7.01, with 6,500 shares, JMMB Group climbed $2.11 to $28.61, with 70,640 shares, Kingston Wharves settled 99 cents higher at $33.99, with 1,106 units, Mayberry Investments ended trading with a loss of 60 cents at $5.20, with 618,785 shares. NCB Financial Group rose 50 cents to close at $104, with 84,758 shares, PanJam Investment ended trading with a gain of 40 cents at $42, with 43,044 units, Pulse Investments finished trading 4 cents higher at $1.79, with 27,000 shares, Radio Jamaica ended with a loss of 3 cents at $1.10, with 28,903 stock units. Sagicor Group traded 95,697 units and gained $1 to end at $37, Sagicor Real Estate Fund finished trading at $15, with 35,480 shares, Salada Foods Jamaica settled $1 higher at $8.50, with 742,613 shares, Scotia Group added $1.50 to end at $53.50, with 189,107 stock units. Seprod ended trading at $30, with 8,350 units, Sterling Investments closed 75 cents higher at $13, with 2,959 shares and Supreme Ventures ended at $11.80, with 524,225 shares. In the main market preference segment, JMMB Group 7.5% ended $1.10, with 2,660,00 stock units, while Proven Investments traded 8,552 ordinary share in the US dollar market at 21 US cents.

Prices of securities trading for the day are those at which the last trade took place.

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

JSE market index tumbles on Thursday

November 16, 2017 by

Trading on the Main Market of the Jamaica Stock Exchange was moderate on Thursday with 23 securities changing hands resulting in just 3,755,947 units valued at $24,471,583, compared to 8,130,384 units valued at $56,308,791 on Wednesday.
The market closed with gains in 8 securities while 9 declined and 6 traded firm leading to the JSE All Jamaican Composite Index dropping 3,468.82 points to close at 313,564.81 and the JSE Index sinking 3,160.49 points to close at 285,693.01.
Trading ended with an average of 163,302 units for an average value of $1,063,982 in contrast to 353,495 units for an average of $2,448,208 on Wednesday. The average volume and value for the month to date amounts to 285,021 units, valued at $3,369,155 and an average of 307,065 units valued at $3,786,627 previously. In contrast, October closed with average of 185,251 units valued at $16,528,582 for each security traded.
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 2 with a lower offer.
Berger Paints rose $1, Caribbean Cement gained 99 cents, Mayberry Investments jumped 75 cents and Sagicor Group lost $2, the other notable trade was Ciboney, with the largest volume traded of 1.59 million shares.

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

3,469 points chopped off JSE index

November 16, 2017 by

The JSE All Jamaican Composite Index sank 3,468.82 points to close at 313,564.81 on Thursday and the JSE Index dived by 3,160.49 points to close at 285,693.01 as just 3,755,947 units valued at $24,471,583 changed hands, with the prices of 8 stocks falling.
The market is in a tussle as it tries break clear of the resistance zone, resulting in the market moving up and down as investors fight to trade stocks at the best price they can. The bulls clearly have the upper hand supported by fundamentals and technical support.
In the main activity, Barita Investments finished trading at $8, with 6,852 units, Berger Paints settled $1 higher at $16, with 72,420 shares, Cable & Wireless ended trading with a loss of 8 cents at 97 cents, with 531,733 shares, Caribbean Cement ended 99 cents higher at $33, with 4,350 stock units. Carreras ended trading with a loss of 9 cents at $11.41, with 243,091 units, Ciboney Group closed 2 cents higher at 22 cents, with 1,594,730 shares traded, Grace Kennedy traded at $43, with 6,370 shares, Jamaica Broilers rose 43 cents to $18.99, with 10,730 stock units. Jamaica Producers finished trading with a loss of 40 cents at $15.55, with 12,800 units, Jamaica Stock Exchange finished at $7, with 36,100 shares, JMMB Group closed with a loss of 50 cents at $26.50, in trading 45,350 shares, Kingston Wharves ended at $33, with 5,284 units. Mayberry Investments finished 75 cents higher at $5.80, with 45,017 shares, NCB Financial Group finished trading with a loss of 50 cents at $103.50, with 66,396 shares, 1834 Investments finished with a loss of 11 cents at $1.30, with 21,848 stock units, PanJam Investment traded with a loss of 40 cents at $41.60, with 43,458 units, Pulse Investments settled with a loss of 5 cents at $1.75, while trading 41,073 shares. Radio Jamaica finished trading 3 cents higher at $1.13, with 62,694 stock units, Sagicor Group ended trading with a loss of $2 at $36, with 87,792 units, Sagicor Real Estate Fund finished at $15, with 7,620 shares, Scotia Group ended at $52, with 28,752 stock units and Supreme Ventures settled 30 cents higher at $11.80, exchanging 204,713 stock units. In the main market preference segment, JMMB Group 7.5% ended with a loss of 5 cents at $1.90, with 576,774 stock units.
Prices of securities trading for the day are those at which the last trade took place.

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

Main market index dives

November 15, 2017 by

The main market with fell sharply as 8,130,384 units valued at $56,308,791 traded on Wednesday. 23 securities changed hands, 8 advanced, 10 declined and 3 traded firm leading to the All Jamaican Composite Index diving 2,309.99 points to 317,033.63 and the JSE Index dropping 2,104.66 points to 288,853.50.
In the main market activity, Barita Investments ended trading with a loss of 30 cents at $8, with 549,876 units changing hands, Berger Paints closed with a loss of $1.25 at $15, with just 4,757 shares, Cable & Wireless concluded trading with a loss of 3 cents at $1.05, with 1,676,000 units, Caribbean Cement finished trading with a loss of 99 cents at $32.01, with 1,900 stock units, Carreras traded 50 cents higher at $11.50, with 124,283 shares. Ciboney Group ended 1 cent higher at 20 cents, with 451,323 units, Grace Kennedy settled $1.50 higher at $43, with 54,448 shares trading, Jamaica Broilers ended trading 6 cents higher at $18.56, with 4,258 stock units, Jamaica Producers rose 85 cents to $15.95, with 128,472 units. Jamaica Stock Exchange ended 20 cents higher at $7, with 152,521 shares, JMMB Group concluded trading with a loss of $2 to $27, with 333,294 stock units, Mayberry Investments finished trading with a loss of 45 cents at $5.05, with 2,020 shares, NCB Financial Group ended at $104, with 197,658 shares. PanJam Investment traded with a loss of $1 at $42, while trading 88,396 units, Pulse Investments settled at $1.80, with 55,231 shares, Radio Jamaica traded with a loss of 3 cents at $1.10, with 554,984 stock units, Sagicor Group ended $3.40 higher at $38, with 2,300 units. Sagicor Real Estate Fund fell 45 cents to end at $15, with 16,082 shares, Scotia Group ended trading $1 higher at $52, with 62,403 stock units, Seprod finished trading at $30, with 2,504 units and Supreme Ventures concluded trading with a loss of 30 cents at $11.50, with 127,554 shares.
In the main market preference segment, JMMB Group concluded trading at $1.10 with 3,540,000 stock units and Proven 8.25% share traed 120 units at $5.20. In the US equity market, Productivity Business Solutions traded 3,921 shares at 57 US cents after falling 0.51 cents and Proven Investments fell 2 cents in trading 398 ordinary shares at 21 US cents. JMMB Group 6% US dollar preference share traded at $1.121 US cents with 11,000 stock units.
Prices of securities trading for the day are those at which the last trade took place.

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

JSE main market retreats again

November 15, 2017 by

Stock prices mostly fell for the second consecutive day in trading on the Main Market of the Jamaica Stock Exchange on Wednesday with 23 securities changing hands, 8 advanced, 10 declined and 3 traded firm
The main market with 8,130,384 units valued at $56,308,791 compared to 17,396,748 units valued at $218,089,928 on Tuesday. The US dollar market traded just 3 securities accounting for 15,319 units valued at just US$14,671 while the market index fell 12.29 points to close at 166.33.
The JSE All Jamaican Composite Index dived by 2,309.99 points to close at 317,033.63 and the JSE Index dropped 2,104.66 points to close at 288,853.50.
Trading ended with an average of 353,495 units for an average of $2,448,208 in contrast to 756,380 units for an average of $9,482,171 on Tuesday. The average volume and value for the month to date amounts to 307,065 units valued at $3,786,627 with an average value of 302,442 units valued at $3,919,890 previously. In contrast, October closed with average of 185,251 units valued at $16,528,582 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 1 with a lower offer.
At the close of trading, Berger Paints fell $1.25, Grace Kennedy rose $1.50, PanJam Investment fell by $1, Sagicor Group rose $3.40 and Scotia Group rose $1.

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

Profit taking hits majors – Tuesday

November 14, 2017 by

NCB Financial Group dropped $3 to help pull JSE down.

With most companies having reported earnings for the third quarter the Main Market of the Jamaica Stock Exchange failed to be inspire investors to buy into the stocks aggressively, leading profit taking in a number of stocks on Tuesday, with prices mostly falling.
At the end of trading to market closed with a total of 23 securities changing hands with 5 advancing, 11 declining and 7 traded firm as 17,396,748 units valued at $218,089,928 changed hands.
Market activity concluded with a fall in the All Jamaican Composite Index by 1,833.47 points to 319,343.62 and a dip in the JSE Index by 1,670.50 points to close at 290,958.16.
In market activity, Barita Investments finished with a loss of 55 cents to end at $8.30, in exchanging 5,860 units, Berger Paints closed $1.25 higher at $16.25, with 30,850 shares, Cable & Wireless settled 3 cents higher at $1.08, with 1,502,200 shares. Carreras closed with a loss of 50 cents at $11, trading 130,758 units, Grace Kennedy settled with a loss of 51 cents at $41.50, with 51,585 shares, Jamaica Broilers ended at $18.50, with 16,125 stock units, Jamaica Producers concluded trading with a loss of 45 cents at $15.10, with 26,605 units. Jamaica Stock Exchange fell 10 cents to $6.80, with 14,785 shares, JMMB Group concluded trading 10 cents higher at $29, with 39,907 shares, Kingston Properties traded 6,096 stock units at $8, Kingston Wharves concluded trading at $33, with 9,767 units. Mayberry Investments traded 50 cents higher at $5.50, with 236,821 shares, NCB Financial Group dropped $3 to $104, with 79,253 shares, 1834 Investments concluded trading with a loss of 7 cents at $1.41, with 115,372 stock units, 138 Student Living ended trading at $6, with 10,000 shares, PanJam Investment finished trading 50 cents higher at $43, with 20,683 units, Pulse Investments finished with a loss of 20 cents at $1.80, exchanging 8,688 shares. Sagicor Group traded 1,145,023 units with a loss of $2.90 to end at $34.60, Sagicor Real Estate Fund concluded trading with a loss of 35 cents at $15.45, with 17,074 shares, Scotia Group finished with a loss of 50 cents at $51, with 84,315 stock units, Seprod finished at $30, with 3,792 units and Supreme Ventures traded 13,741,689 shares to settled at $11.80. In the main market preference segment, Jamaica Money Market Brokers finished trading at $1.85 with 99,500 stock units and in the US equity market, Proven Investments traded 1,369 ordinary shares and lost 1 US cents to end at 22 US cents.
Prices of securities trading for the day are those at which the last trade took place.

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

Main market up in moderate trading

November 13, 2017 by

In a moderate trading, the main market of the Jamaica Stock Exchange closed higher on Monday, with the All Jamaican Composite Index gaining 447.76 points to 321,177.09 and the JSE Index advanced 407.96 points to close at 292,628.66.
The US dollar market index lost points 2.75 to end at 166.34 with three securities trading, accounting for 42,934 shares with a value of US$10,110.
A total of 22 securities changed hands in the main market with trading ending with 8 securities advancing , 8 declined and 6 traded firm as 13,891,915 units, including JMMB Group 7.5% preference share with 11.4 million units traded, valued at $50,338,524, compared to 5,777,201 units valued at $107,680,730 on Friday.
Trading ended with an average of 631,451 units for an average of $2,288,115 in contrast to 262,600 units for an average of $4,894,579 on Friday. The average volume and value for the month to date amounts to 252,247 units valued at $3,304,830, previously 207,396 units at an average of $3,425,087. In contrast, October closed with average of 1,185,251 units valued at $16,528,582 for each security traded. IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Sagicor Real Estate Fund rose 80 cents to close at a 52 weeks’ high of $15.80 with moderate volume and 1834 Investment 647,311 stock units

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