Jamaican stocks

Sharp jump in JSE indices – Thursday

April 18, 2019 by IC Insider.com Leave a Comment

Sagicor Group jumped $5.50 on Thursday.

Sagicor Group jumped $5.50 to help push the All Jamaican Composite Index a healthy 6,934.04 points to close at 427,060.76 on Thursday while the JSE Index jumped a sizable 6,301.17 points to 389,076.82.
Market activity picked up on the main market of the Jamaica Stock Exchange with 3,564,657 units valued $53,154,918 traded compared to 3,197,837 units valued $101,850,841 on Wednesday.
At the close, the main and US markets had 28 securities traded, compared to 29 on Wednesday leading to 10 advancing, 11 declining and 7 closing unchanged.
Sagicor Real Estate Fund led trading with 999,193 shares, accounting for 28 percent of total main market volume, followed by 1834 Investments with 623,879 units and 17.5 percent of the day’s trades and Radio Jamaica with 570,068 units for 16 percent of volume traded.

Market activity ended with an average of 132,024 units valued at an average of $1,968,701 for each security traded. In contrast to 114,208 units for an average of $3,637,530 on Wednesday. The average volume and value for the month to date amounts to 142,319 shares at $2,375,277 for each security, compared to 142,996 shares at $2,404,318 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 11 stocks ending with bids higher than their last selling prices and just 2 closing with lower offers.
In main market activity, Barita Investments gained 50 cents to close at $40, with an exchange of 239,307 shares, Caribbean Cement dropped $2.05 to $65 with 9,246 shares changing hands, Jamaica Broilers lost $2 to close at $31, with an exchange of 191,617 shares. Jamaica Producers fell 74 cents to close at $21.26, after trading 14,597 stock units, Kingston Wharves shed

50 cents to settle at $68, with 1,968 units changing hands. NCB Financial Group recovered the $1.20 lost on Wednesday in trading 64,859 shares, to close at $143.80, PanJam Investment jumped $3.69 to close at $81.70 after trading 17,858 units, Sagicor Group jumped $5.50 to $45 in an exchange of 77,600 shares. Sagicor Real Estate Fund jumped $1.60 to $10.60, in trading 999,193 shares, Scotia Group fell 30 cents and finished trading 7,881 shares at $50.20, Seprod closed at $42.20 with a loss of 30 cents while trading 48,132 shares. Stanley Motta lost 34 cents and ended at $4.66, in trading 638 shares and Supreme Ventures lost 50 cents in finishing at $26.50, with 43,452 units changing hands.
Trading in the US dollar market ended with just one security trading. Sygnus Credit Investments rose 1 cent and ended trading of 6,682 units at 10 US cents leaving the JSE USD Equities Index rose 0.87 points to close at 179.26.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 1834 Investments, Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Junior Market trading drops – Thursday

April 18, 2019 by IC Insider.com Leave a Comment

Main market volume contracts.

The Junior Market of the Jamaica Stock Exchange closed with volume dropping 67 percent and value down 69 percent from Wednesday’s levels, but the market index rose 22.78 points to 2,976.02.
Trading resulted in an exchange of 971,622 units valued at $3,078,345 compared to 2,931,075 units valued at $10,007,520 on Wednesday. Investors exchanged 24 pushed securities similar to Wednesday with prices of 8 rising 10 falling while 6 remaining unchanged.
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 lower offers.
Trading ended with an average of 40,484 units for an average of $128,264 in contrast to 122,128 units for an average of $416,980 on Wednesday. The average volume and value for the month to date amounts to units 134,650 valued $341,097 and previously 100,529 valued $356,911 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
At the close of the market, AMG Packaging exchanged 280,000 stock units and ended at $2.12, Blue Power concluded trading with 4,320 units and lost 10 cents in closing at $4.40, CAC 2000 jumped $3 to close at $12, with 1,000 shares changing hands, Caribbean Producers finished trading 40,259 units, and rose 2 cents to end at $4.62. Derrimon Trading ended with a loss of 24 cents at $2.51, with an exchange of 41,946 shares. Dolphin Cove concluded trading 6,614 shares and rose 50 cents higher to $13, Elite Diagnostic settled at $2.90, with 10,500 units changing hands, Express Catering ended trading of 8,466 shares to close at $7.22, Fontana finished trading 39,497 shares with a loss of 20 cents at $3.80. General Accident closed 29 cents higher at $4.29, with an exchange of 5,400 stock units, GWest Corporation ended 2 cents higher at $1.33, with 19,828 units changing hands, Honey Bun traded 100 shares with a loss of 22 cents at $3.83, iCreate lost 4 cents in closing at 81 cents, with an exchange of 230 shares. Indies Pharma ended trading of 12,638 shares, with a loss of 4 cents at $3.01, Iron Rock settled 5 cents higher at $3.50, with 1,000 shares changing hands, Jamaican Teas traded with a loss of 20 cents at $3.90, with the swapping of 6,800 units. Jetcon Corporation finished trading with a loss of 5 cents at $2.30, with 2,427 shares passing through the exchange, Knutsford Express concluded trading of 1,543 stock units with a loss of 10 cents at $11.90, Lasco Distributors finished at $3.70, with an exchange of 216,373 units, Lasco Financial settled at $4.16, trading 21,660 shares. Lasco Manufacturing ended trading 185,100 shares, with a loss of 8 cents at $3.13, Main Event traded 5 cents higher at $5, with an exchange of 11,421 shares, Paramount Trading closed 1 cent higher at $2.50, with 49,500 units trading and Stationery and Office concluded trading at $6.75, with 5,000 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: AMG Packaging, Best performing stock market, Blue Power, CAC2000, Caribbean Producers, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Express Catering, Fontana, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Paramount Trading, Stationery and Office, Trading Activity

JSE trading boosted – Wednesday

April 17, 2019 by IC Insider.com

Market activity picked up on the main market of the Jamaica Stock Exchange on Wednesday with 3,197,837 units valued $101,850,841 traded compared to 1,271,826 units valued $41,461,461 on Tuesday.
At the close of the market, the JSE All Jamaican Composite Index increased by 272.70 points to 420,126.72 and the JSE Index advanced 247.81 points to close at 382,775.65. The main and US markets had 29 securities traded, compared to 33 on Tuesday leading to 12 advancing, 9 declining and 8 closing unchanged.
Grace Kennedy led trading with 1,129,961 shares, accounting for 35 percent of total main market volume, followed by Wisynco Group with 670,925 units and 21 percent of the day’s trades and Radio Jamaica with 421,639 units for 13 percent of volume traded.
Market activity ended with an average of 114,208 units valued at an average of $3,637,530 for each security traded, in contrast to 43,856 units for an average of $1,429,706 on Tuesday. The average volume and value for the month to date amounts to 142,996 shares at $2,404,318 for each security, compared to 145,107 shares at $2,305,661 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 11 stocks ending with bids higher than their last selling prices and just 4 closing with lower offers.
In main market activity, Barita Investments rose $1.90 to close at $39.50, with an exchange of 74,708 shares, Caribbean Cement climbed $1.55 to $67.05, with a mere 10,981 shares changing hands, Grace Kennedy traded 1,129,961 stock units after falling 37 cents to end at $59.63, Jamaica Broilers climbed $1.80 to close at $33, with an exchange of 53,160 shares. Jamaica Producers fell 25 cents to close at $22, after trading 69,348 stock units, Kingston Wharves gained 50 cents to settle at $68.50, with 650 units changing hands. Mayberry Investments declined $1 trading 69,600 shares, to close at $7.50, Mayberry Jamaican Equities fell 50 cents trading 138,162 shares at $9.50. NCB Financial Group dropped $1.20 in trading with 14,174 shares, to close at $143.80, PanJam Investment lost 99 cents after ending at $78.01 and trading 41,290 units, Sagicor Group rose 45 cents to $39.50 in an exchange of 10,772 shares. Scotia Group rose 30 cents and finished trading 28,076 shares at $50.50, Seprod closed at $42.50 with a gain of 50 cents while trading 11,100 shares, Supreme Ventures gained $2 in finishing at $27, with 278,135 units changing hands and Wisynco Group gained 35 cents trading 670,925 units, to close at $11.70.
Trading in the US dollar market ended with just one security trading. Proven Investments ended trading with 5,000 units at 23 US cents leaving the JSE USD Equities Index unchanged at the close at 178.39.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Junior Market trading climbs – Wednesday

April 17, 2019 by IC Insider.com

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The Junior Market of the Jamaica Stock Exchange closed with volume rising 85 percent and value increasing 104 percent over Tuesday’s levels, but the market index lost 13.59 points to 2,953.24, down 9 percent for 2019 so far.
Trading resulted in an exchange of 2,931,075 units valued at $10,007,520 compared to 1,586,013 units at $4,904,015 on Tuesday. Investors exchanged 24 pushed securities down from 21 on Monday with prices of 8 rising 11 falling while 5 remained unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Trading ended with an average of 122,128 units for an average of $416,980 in contrast to 75,524 units for an average of $233,524 on Tuesday. The average volume and value for the month to date amounts to units 100,529 valued $356,911 and previously 98,795 valued $352,089 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
At the close of the market, AMG Packaging ended with a loss of 11 cents at $2.12, with 2,713 stock units changing hands, Caribbean Cream ended trading 11,800 shares with a loss of 21 cents at $5.28, Caribbean Producers finished with a loss of 2 cents at $4.60, trading 28,000 units. Consolidated Bakeries closed with a loss of 15 cents at $1.80, with the trading of 14,500 shares, Derrimon Trading ended at $2.75, with 122,000 shares crossing the exchange, Elite Diagnostic settled with a loss of 7 cents at $2.90, with an exchange of 14,865 units, Express Catering ended trading of 6,900 shares and rose 16 cents to close at $7.22. FosRich Group closed 35 cents higher at $4.50, with 118,730 shares trading, Fontana finished trading 298,868 shares and rose 20 cents to $4. GWest Corporation ended with 174 units crossing the exchange with a loss of 2 cents at $1.31, Honey Bun concluded trading 35 cents higher at $4.05, with 105,198 shares, iCreate closed at 85 cents, with an exchange of 111,400 shares, Indies Pharma closed at $3.05, with 340,930 shares changing hands. Iron Rock settled with a loss of 5 cents at $3.45, with 1,500,000 shares. Jamaican Teas traded 55 cents higher at $4.10, with 8,500 units, Jetcon Corporation finished trading at $2.35, with 11,206 shares, Knutsford Express concluded trading with a loss of 30 cents at $12, with 7,025 stock units, Lasco Distributors finished with a loss of 5 cents at $3.70, with 22,724 units changing hands. Lasco Financial settled with an exchange of 3,295 shares and lost 24 cents at $4.16, Lasco Manufacturing ended trading 101,962 shares and closed 1 cent higher at $3.21, Paramount Trading closed 34 cents higher at $2.49, with 25,000 units changing hands. SSL Venture Capital ended 5 cents higher at $1.60, with an exchange of 5,100 shares and tTech settled with a loss of 30 cents at $5, with 64,585 stock units changing hands. In the junior market preference segment, CAC 2000 9% closed at $1.15, trading 5,600 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: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Cream, 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, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Wigton IPO weights on JSE trading – Tuesday

April 16, 2019 by IC Insider.com

Wigton IPO over shadows JSE trading.

Investors focus on the Wigton Windfarm initial public share offer that opens this Wednesday, continue to cast a shadow over the rest of the market, leading to reduced trading with just 1,271,826 units valued at over $41,461,461 exchanged on Tuesday compared to 1,439,179 units valued at just $37,607,638 on Monday.
Reports are that more than 4,500 applications were in the system before close of trading on Tuesday for what is turning out to be well sort after shares in the first renewable shares offer to come to the market.
Trading on the main market of the Jamaica Stock Exchange ended Tuesday with the JSE All Jamaican Composite Index climbing 2,743.03 points to 419,854.02 and the JSE Index advancing by 2,492.67 points to 382,527.84.
At the close of the main and US markets, 33 securities traded, compared to 28 on Monday leading to 10 advancing, 14 declining and 9 closing unchanged.

Mayberry Jamaican Equities led with 276,530 shares, accounting for 22 percent of total main market volume, followed by Sagicor Real Estate Fund with 146,545 units with 12 percent of the day’s trades and Scotia Group with a mere 120,670 units for 9 percent of volume traded.
Market activity ended with an average of 43,856 units valued at an average of $1,429,706 for each security traded, in contrast to 55,353 units at $1,446,448 on Monday. The average volume and value for the month to date amounts to 145,107 shares at $2,305,661 for each security, compared to 153,425 shares at $2,384,798 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 7 stocks ending with bids higher than their last selling prices and just 1 closing with a lower offer.
In main market activity, Barita Investments lost $1.90 to close at $37.60, with an exchange of 5,231 shares, Caribbean Cement declined $1 to $65.50, with a mere 770 shares changing hands, Carreras fell 28 cents trading 91,573 units at $8.75, Jamaica Broilers climbed $1.80 to close at $33, with an exchange of 53,160 shares. Jamaica Producers fell $1.15, to close at $22.25, after trading 5,990 shares, Jamaica Stock Exchange gained 67 cents to close at $17.25, after trading 18,622 shares, JMMB Group concluded trading 27,058 shares at $30.50, after gaining 50 cents, Kingston Wharves dropped $2 to settle at $68, with 1,500 units changing hands.

Mayberry Jamaican Equities rose 90 cents trading 276,530 shares at $9.50, PanJam Investment fell $2 and ended at $79 trading 10,830 units, Sagicor Real Estate Fund dropped $1.30 in an exchange of 146,545 shares to close at a 52 weeks’ low of $9, Seprod closed at $42 with a loss of 50 cents while trading 1,236 shares. Stanley Motta gained 50 cents to end at $5, exchanging 986 shares, Supreme Ventures gave up $1 in finishing at $25, with 34,782 units changing hands Sygnus Credit Investments shed 60 cents in trading 13,800 units to close at $11.40 and Wisynco Group gained 29 cents trading 64,250 units, to close at $11.35.
Trading in the US dollar market ended with 34,592 units valued $12,596. Eppley 5% preference share, closed at 98 US cents with 5,292 shares changing hands and JMMB Group 5.75% preference share settled gained 1 cent and ended at US$2.05 trading1,000 shares, Proven Investments ended trading with 20,000 units at 23 US cents and Sygnus Credit Investments shed 2 cents in trading 8,300 units to close at 9 US cents. The JSE USD Equities Index lost 0.89 points to close at 178.39.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Junior Market trading climbs – Tuesday

April 16, 2019 by IC Insider.com

Junior Market stock trading.

The Junior Market of the Jamaica Stock Exchange closed with volume and value increasing more than 80 percent over Tuesday, with the market index losing 11.81 points to 2,966.83.
Investors exchanged 21 securities, down from 22 on Monday with prices of 9 rising 8 falling, leaving 4 unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Trading resulted in an exchange of 1,586,013 units at $4,904,015, compared to 876,086 units valued $2,653,927, changing hands on Monday. Trading ended with an average of 75,524 units for an average of $233,525 in contrast to 39,822 units for an average of $120,633 on Monday. The average volume and value for the month to date amounts to units 98,795 valued $352,089 and previously 100,553 valued $361,045 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.

At the close of the market, AMG Packaging ended at $2.23, trading 2,000 stock units, Caribbean Cream rose 21 cents to close at $5.49, trading 17,051 shares, with Caribbean Producers finished trading 7,000 units with a loss of 18 cents at $4.62, Derrimon Trading ended 4 cents higher at $2.75, with an exchange of 2,000 shares. Everything Fresh lost 15 cents to close at $1.40, with 69,000 stock units changing hands, Elite Diagnostic settled 2 cents higher at $2.97, with 26,238 units traded, FosRich Group traded 2,800 shares and rose 25 cents to end at $4.15, Fontana finished trading 207,076 shares at $3.80. General Accident closed 5 cents higher at $4, with an exchange of 3,000 stock units, GWest Corporation rose 3 cents to close at $1.33, with 52,298 units passing through the market, Indies Pharma finished trading 4 cents higher at $3.05, with 1,018,100 shares changing hands. Iron Rock settled with a loss of 40 cents at $3.50, with the trading of 2,668

shares, Jamaican Teas traded 3,000 units with a loss of 55 cents at $3.55. Jetcon Corporation ended market activity with 62,000 shares and lost 13 cents to close at $2.35, KLE Group ended with a loss of 20 cents at $2.50, with 964 shares changing hands, Lasco Distributors finished 5 cents higher at $3.75, with 15,000 units traded, Lasco Financial rose 20 cents and higher settled at $4.40, while trading 600 shares. Lasco Manufacturing ended trading 70,318 shares, with a loss of 25 cents to close at $3.20, Main Event ended with a loss of 5 cents at $4.95, with 10,400 shares changing hands, Stationery and Office concluded trading of 9,000 shares at $6.75 and tTech settled at $5.30, with 5,500 stock units trading.

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: AMG Packaging, Best performing stock market, Caribbean Cream, Caribbean Producers, Daily Trading, Derrimon Trading, Elite Diagnostic, Emerging markets, Everything Fresh, Fontana, FosRich, General Accident, GWest, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Stationery and Office, Trading Activity, tTech

JSE main market drops – Monday

April 15, 2019 by IC Insider.com

Trading on the main market of the Jamaica Stock Exchange ended Monday as the JSE All Jamaican Composite Index sank 1,698.05 points to 417,110.99 and the JSE Index dropping 1,543.07 points to close at 380,035.17, with a positive advance decline ratio.
At the close of the main and US markets, 28 securities traded, compared to 30 on Friday leading to 12 advancing, 7 declining and 9 closing unchanged.
Trading ended with just 1,439,179 units valued at just $37,607,638 compared to 2,536,555 units valued $102,402,822 crossing the exchange on Friday.
Wisynco Group led with 603,633 shares, accounting for 42 percent of total main market volume, followed by Sagicor Group with 254,940 units with 18 percent of the day’s trades and Carreras with a mere 152,725 units for 11 percent of volume traded.
Market activity ended with an average of 55,353 units at $1,446,448 for each security traded, in contrast to 84,552 units at $3,413,427 on Friday. The average volume and value for the month to date amounts to 153,425 shares at $2,384,798 for each security, compared to 161,222 shares at $2,467,500 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 8 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Caribbean Cement gained $2.98 to finish at $66.50, with 10,819 shares changing hands, Grace Kennedy traded 3,189 stock units and added 45 cents to close at $60, Jamaica Broilers climbed $1.20 to close at $31.20, with an exchange of 35,925 shares. Jamaica Stock Exchange fell 42 cents to close at $16.58, after trading 47,785 shares, Mayberry Jamaican Equities lost 50 cents trading 5,946 shares at $8.6, Pulse Investments rose 35 cents and finished at $2.95, with 25,000 shares crossing the exchange, Sagicor Group rose 85 cents in trading 254,940 shares to close at $39. Sagicor Real Estate Fund exchanged just 500 shares to close at $10.30, after gaining 80 cents, Supreme Ventures rose $1 and finished at $26, with 46,131 units changing hands and Wisynco Group fell 24 cents trading 603,633 units to close at $11.06.
Trading in the US dollar market ended with 58,704 units valued at $7,867. Proven Investments gained 1 cents and ended trading with 15,204 units at 23 US cents and Sygnus Credit Investments shed 1 cent in trading 43,500 units to close at 11 US cents. The JSE USD Equities Index rose 2.85 points to close at 179.28.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Junior Market trading dives – Monday

April 15, 2019 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange closed almost unchanged on Monday, with reduced trading levels. The market inched higher by just 0.93 points to 2,978.64.
Investors exchanged 22 pushed securities down from 27 on Friday with prices of 6 rising 11 falling while 5 remained unchanged.
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 lower offers.
Trading resulted in an exchange of 876,086 units valued at $2,653,927, compared to 2,329,925 units valued at $9,758,045, changing hands on Friday. Trading ended with an average of 39,822 units for an average of $120,633 in contrast to 86,294 units for an average of $361,409 on Friday. The average volume and value for the month to date amounts to units 100,553 valued $361,045 and previously 105,772 valued at $381,706 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
At the close of the market, Blue Power concluded trading of 5,000 units at $4.50, Cargo Handlers settled with a loss of 5 cents at $10.95, with an exchange of 308 shares, Caribbean Producers finished trading of 1,600 units and closed 60 cents higher at $4.80. Consolidated Bakeries closed with a loss of 5 cents at $1.95, with 1,000 shares changing hands, Derrimon Trading ended with a loss of 4 cents at $2.71, in trading of 70,730 shares, Everything Fresh closed 6 cents higher at $1.55, with 294,056 stock units changing hands. Elite Diagnostic settled with a loss of 1 cent at $2.95, with 23,413 units passing through the market, Express Catering ended trading of 14,100 shares, with a loss of 74 cents at $7.06, FosRich Group traded 6,763 shares at $3.90, Fontana finished trading with a loss of 1 cent at $3.80, with 88,628 shares changing hands. General Accident closed at $3.95, with an exchange of 3,250 stock units, GWest Corporation ended at $1.30, while trading 10,000 units, iCreate gained 5 cents to close at 85 cents, with an exchange of 16,600 shares, Indies Pharma finished with a loss of 1 cent at $3.01, with 93,095 shares crossing the exchange. Jamaican Teas traded 8,977 units and rose 5 cents to close at $4.10, Jetcon Corporation finished trading 3,093 shares, with a loss of 5 cents at $2.48, Key Insurance closed 10 cents higher at $3.15, with the trading of 5,000 shares, Lasco Distributors closed at $3.70, with an exchange of 59,681 units. Lasco Financial settled with a loss of 14 cents at $4.20, with 61,500 shares changing hands, Lasco Manufacturing ended trading of 42,460 shares, with a rise of 24 cents to $3.45, Main Event traded with 4,000 shares and lost 25 cents to end at $5 and Stationery and Office concluded trading of 62,832 shares with a loss of 1 cent at $6.75.

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: Best performing stock market, Blue Power, Cargo Handlers, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Stationery and Office, Trading Activity

Wigton storms into IC TOP 10

April 13, 2019 by IC Insider.com

Wigton Windfarm is no 4 on IC Insider.com’s TOP 10

Wigton Windfarm, Jamaica’s latest initial public share offer that will come to the market this week, enters the number 4 position on the IC Insider.com’s TOP 10 main market stock list.
The stock comes to the market at 50 cents per share and boast a PE of 8.3 times, normalized earnings for the year to March 2019. IC Insider sees no great change in earnings going forward, until the present generating capacity for electricity expands.
With a new entrant to the top main market stock list, Grace Kennedy is now out of the top 10. The coming to market of this latest IPO seems to be having a negative impact on stock prices as investors gather funds to invest in what is proving to be a very popular issue. Reports reaching this publication is that a number of brokerage houses saw heavy traffic of applicants to purchase Wigton’s shares on Friday.
Several Junior Market stocks suffered losses this past week, as the Wigton IPO issue is about to open. Whether they are making a smart move or not will be known in a month or two.
Caribbean Cream slipped in price to $5.29 and Medical Disposables fell from $7.50 to $6.50 and moved back into the Junior Market TOP 10. Everything Fresh moved to $1.49 from $1.41 at the close of the previous week and Jamaican Teas closed at $4.05, up from the bid price of $3.50 to move out of the top tier of stocks.
The three leading Junior Market stocks for the coming week are Caribbean Producers with projected gains of 281 percent, Elite Diagnostic with potential gains of 238 percent and Iron Rock with potential gains of 224 percent.
Radio Jamaica is now the top Main Market stock with 163 percent likely gain, followed by Victoria Mutual investments with 153 percent and Sterling Investments with potential to gain 151 percent.
The main market, closed the week with the overall PE at 13 and the Junior Market at just 10. The PE ratio for Junior Market Top 10 stocks average 6.4 and the main market PE is now 8.2. These levels, point to the huge upside for the TOP 10 stocks over the next 12 months.
The TOP 10 stocks now trade at an average discount of 36 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 37 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have interest in the securities commented on.

Filed Under: Buy Rated Tagged With: Berger Paints, Caribbean Cream, Caribbean Producers, Carrreras, Daily Trading, Elite Diagnostic, Emerging markets, General Accident, Grace Kennedy, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, JMMB Group, junior market, Lasco Financial, Main Event, Medical Disposables, Radio Jamaica, Stanley Motta, Sterling Investments, Stocks to Watch, TOP 10 stocks, Trading Activity, Victoria Investments, Wigton Windfarm

JSE main market inched higher – Friday

April 12, 2019 by IC Insider.com

Trading on the main market of the Jamaica Stock Exchange ended Friday with JSE All Jamaican Composite Index added just 163.58 points to end at 418,809.04 and the JSE Index advanced 148.65 points to 381,578.24, with a decline advance ratio of 7 to 4.
At the close of the main and US markets, 30 securities traded, compared to 32 on Thursday leading to just 8 advancing, 14 declining and 8 closing unchanged.
Trading ended with just 2,536,555 units valued $102,402,822 compared to just 1,499,809 units valued a mere $37,984,293 crossing the exchange on Thursday.
JMMB Group 7.25% preference share led with 632,975 shares, accounting for 25 percent of total main market volume, followed by NCB Financial Group with 406,921 units with 16 percent of the day’s trades and Sagicor Real Estate X Fund with a mere 173,989 units or 7 percent of volume traded.
Market activity ended with an average of 84,552 units at $3,413,427 for each security traded, in contrast to 49,994 shares valued at $1,266,143 on Thursday. The average volume and value for the month to date amounts to 161,222 shares at $2,467,500 for each security, compared to 168,967 shares at $2,360,413 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 5 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Barita Investments dived $3.50 to close at $39.50, with a 103,722 shares changing hands, Berger Paints lost 73 cents, ending at $20.20, with 50,058 stock units trading, Caribbean Cement fell 48 cents to finish at $63.52, with 37,457 shares changing hands, Grace Kennedy traded 18,650 stock units and lost 35 cents to close at $59.55. Jamaica Broilers dropped $1.20 to close at $30, with 57,256 shares changing hands, Jamaica Producers climbed $1.85 to close at $23.40, trading 12,239 shares, Mayberry Investments lost 50 cents trading 7,607 shares at $8.50, NCB Financial took back the 99 cents it lost on Thursday to settle at $145, trading 406,921 units. PanJam Investments lost 70 cents and finished at $81, with 97,266 shares crossing the exchange, Sagicor Group rose $1 in trading 154,414 shares to close at $38.15 after rising to $41 in early trading. Sagicor Real Estate Fund exchanged 173,989 shares to close at a 52 weeks’ low of $9.50, after falling 41 cents, Supreme Ventures lost $1 and finished at $25, with 42,324 units changing hands and Sygnus Credit Investments gained 98 cents trading 130,717 units to close at $11.98. There was no trading in the US dollar market.