Jamaica Broilers grabs 99% of trade – Thursday

Jamaica Broilers traded 169,101,565 units accounting for 99.35 percent of the overall volume of 170,209,058 units on Thursday valued at $3,113,335,699 that traded on the Jamaica Stock Exchange.
On Wednesday the market closed with 2,629,595 units valued at $48,019,325. Market activities resulted in 26 securities trading, compared to 24 on Wednesday, in the main and US markets. The market recovered some of the grounds lost on the previous days as advancing stocks had the upper hand over declining stocks. At the close of market activity, 11 securities gained, 5 declined and 8 traded firm.
the All Jamaican Composite Index rose 1,297.53 points to 325,475.89 and the JSE Index climbed 1,182.20 points to close at 296,545.31.
Stocks with major price changes are, Caribbean Cement rising $1.95 to $40, Jamaica Broilers down $3.81 to $18.19, Kingston Wharves up $1.90 to end at $46.90, NCB Financial Group trading at $95 after rising $1, Sagicor Group rallying $1.30 to $38.30 and Scotia Group declining $1.53 to $50. Productivity Business Solutions, preference share lost $2 to end at $103.
Trading resulted in an average of 7,092,044 units valued at an average of $129,722,321 for each security traded, in contrast to 114,330 units for an average of $2,087,797 on Wednesday. The average for the month to date is 589,414 shares with a value of $16,532.367, previously 307,202 shares with a value of $11,110,094. In contrast, April closed with an average of 708,206 shares with a value of $6,395,518 for each security traded.
In the US dollar market, Productivity Business Solutions, ordinary share finished trading with a fall of 1 cent, to 61 US cents, with 1,512 units trading and Proven Investments ended with 12,550 units trading with the rise of 1 cents to 23 US cents. The JSE USD Equities Index rose 7.33 points to close at 181.11.
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 just 4 closing with lower offers.
For more details of market activities see – JSE main market in recovery mode – Thursday.
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JSE recovers some losses – Monday

The Jamaica Stock Exchange recovered some of the grounds lost on Friday but the gains in the indices still was short of the more than 2,000 points fall on Friday.
Monday’s gains still left the market well short of last weeks’ high of 327,520.83 points that the market started off at on opening, for the All Jamaica Index.
At the close of market activity, advancing stocks had the upper hand over declining stocks with 12 rising, 9 declining and 8 traded firm.
At the close, the All Jamaican Composite Index jumped 1,975.96 points to close at 325,401.15 and the JSE Index climbed 1,800.32 points to close at 296,477.22. Market activities resulted in 29 securities trading, compared to 28 on Friday, in the main and US dollar markets.
The market closed with reduced trading levels, as 2,736,291 units valued at over $44,287,155 trading down from 7,330,113 units valued at $68,164,850 changing hands on Friday. On Monday, Victoria Mutual Investments accounted for just over 50 percent of the volume traded amounting to 1,373,388 units followed by Kingston Wharves with 329,678 units or 12.05 percent of the day’s trade.
Stocks with major price changes are, Kingston Wharves falling $1 to $46 and Salada Foods declining $1 to $14.
Trading resulted in an average of 97,725 units valued at an average of $1,581,684 compared to 281,927 units valued at $2,621,725 for each security traded on Friday. The average for the month to date is 321,872 shares with a value of $11,460,634, previously 335,057 shares with a value of $12,075,324. In contrast, April closed with an average of 708,206 shares with a value of $6,395,518 for each security traded.
In the US dollar market, Productivity Business Solution, ordinary share finished trading with a rise of 4 cents, to 62 US cents, with 601 units trading. The JSE USD Equities Index closed unchanged at 172.24.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and just 6 closing with lower offers.
For more details of market activities see – Trading drops for JSE main market – Monday.

Trading drops for JSE main market – Monday

Trading on the JSE main market ended with the overall volume and value falling below normal levels on Monday as 2,736,291 units valued at over $44,287,155 changed hands.
At the close, the All Jamaican Composite Index jumped 1,975.96 points to close at 325,401.15 and the JSE Index shot up 1,800.32 points to close at 296,477.22 as 28 securities changed hands, resulting in 12 advancing, 9 declining and 7 remaining firm.
In market activity, Barita Investments fell 55 cents and closed at $11.54, with 15,100 shares, Berger Paints ended at $20, with 22,128 stock units trading, Carreras fell 10 cents and concluded trading at $10.45, with 127,792 units, Caribbean Cement finished at $38, exchanging 307 shares, Ciboney Group rose 1 cent and settled at 13 cents, with 45,893 shares. Grace Kennedy ended trading at $48.60 after rising 10 cents, with 10,193 shares, Jamaica Broilers rose 25 cents in closing at $20.25, with 51,343 stock units, Jamaica Producers fell 45 cents to finish trading at $16.25, with 1,000 units, Jamaica Stock Exchange closed with a loss of 40 cents to $7.10, in trading 700 shares. JMMB Group rose 5 cents to end at $27.05, with 38,277 shares, Kingston Wharves dropped $1 and finished at $46, with 329,678 stock units trading, Mayberry Investments settled at $6.25, after rising 25 cents with 29,780 units trading, NCB Financial Group shed 19 cents and ended trading at $94.80, with 81,775 shares. 138 Student Living settled at $5.09, after slipping 1 cents with 10,000 units, PanJam Investment added 50 cents to trade at $45, with 55,613 shares, Portland JSX closed at $10, with 4,524 stock units, Radio Jamaica rose 29 cents and concluded trading at $1.29, with 22,024 shares, Sagicor Group finished 35 cents higher at $36.50, trading 70,113 shares, Salada Foods lost $1 in settling at $14, with 10,000 shares changing hands. Scotia Group ended trading at $50.63, with 4,964 stock units, Seprod ended trading at $35, with 77,744 units, Supreme Ventures rose 40 cents and closed at $13, with 44,500 shares, Victoria Mutual Investments lost 5 cents and ended at $4, with 1,373,388 shares and Wisynco Group rose 30 cents and concluded trading at $10, with 159,255 stock units changing hands. In the main market preference segment, Jamaica Money Market 7.5% traded at $2, with 500 stock units, JMMB Group 7% closed at $2.01, with 124,800 shares, JMMB Group 7.25% issued in 2019 ended at $2.05, with 24,800 shares and the older dated JMMB Group 7.25% concluded trading at $1.50, with 100 shares, 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 recovers some losses – Monday.”

Palace & Lasco Financial back in TOP 10

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Palace Amusement, Lasco Financial and Caribbean Flavours are back in the TOP 10 for this week, out goes Salada Foods, ForsRich and Caribbean Producers.
Salada Foods rose to $15 from $13.10 at the close of the previous week, as investors continued to react good half year results. Caribbean Flavours stock price dropped to $10 by the end of the week and that was enough to make its return to the top list. Lasco Financial just reentered the list as the price fell to $.20 by week end. IC Insider.com upgraded 2019 earnings for Palace based on sensitivity that the company’s patronage and revenues have to employment data. Economic growth and increasing employment that Jamaica is enjoying bode well for continuation of an elevated level of profitability, even after totally discounting the exceptional increase for the current year that ends in June, based substantially on the success of the Black Panther movie.
Radio Jamaica, stock price fell from $1.35 to $1.02 on Friday with the stock moving back up in the list.
At the close of Friday, the average PE ratio for Junior Market Top stocks ended at 6 compared to an average PE for the overall main market of 10, based on 2018 estimated earnings. The main market PE is 7 for the top stocks, compared to a market average of 13.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 40 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 46 percent to the market.

Big JSE main market fall – Friday

Media house, RJR traded most shares on friday

The Jamaica Stock Exchange dropped sharply on Friday as declining stocks outpaced advancing ones by a wide margin as just 5 stocks rose, 15 declined and 8 traded firm.
At the close, the All Jamaican Composite Index dropped 2,231.98 points to close at 323,425.19 and the JSE Index dived 2,033.58 points to close at 294,676.90. Market activities resulted in 28 securities trading, compared to 27 on Thursday, in the main and US dollar markets.
The market closed with reduced trading levels, as 7,330,113 units valued at $68,164,850 changed hands, well down from 28,791,979 units valued at $527,232,319 that traded on Thursday. The largest trades were Radio Jamaica with 2,329,526 shares for 31.8 percent of volume traded, 1834 Investments trading 2,253,420 shares accounting for 30.7 percent of the volume traded and Jamaica Broilers with 802,930 units.
Stocks with major price changes are, Grace Kennedy ended trading at $48.50, gaining 75 cents, Jamaica Broilers rose 74 cents to $20, Kingston Wharves fell $1.70 to $47, Sagicor Real Estate Fund settled with a loss of 85 cents at $13.90 and Scotia Group added $1.38 to close at $50.63.
Trading resulted in an average of 281,927 units valued at $2,621,725 compared to 1,107,384 units valued at an average of $20,278,166 for each security traded on Thursday. The average for the month to date is 335,057 shares with a value of $12,075,324, previously 338,126 shares with a value of $12,655,026. In contrast, April closed with an average of 708,206 shares with a value of $6,395,518 for each security traded.
In the US dollar market, JMMB Group, 5.75% US preference share finished trading with a loss of 6 cents to US$2, with 1,000 units. The JSE USD Equities Index fell 0.98 points to close at 172.24.
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 just 2 closing with lower offers.
For more details of market activities see – More normality for JSE main market – Friday.

More normality for JSE main market – Friday

The JSE main market activity returned to more normal levels on Friday with 7,330,113 units valued at $68,164,850 changed hands, down from 28,791,979 units valued at $527,232,319 trading on Thursday.
At the close, the All Jamaican Composite Index dropped 2,231.98 points to close at 323,425.19 and the JSE Index dived 2,033.58 points to close at 294,676.90 as 26 securities changed hands, resulting in 5 advancing, 14 declining and 7 remaining firm.
In market activity Barita Investments fell 11 cents and closed at $12.09, with 207,825 shares, changing hands, Berger Paints shed 50 cents and ended at $20, with 3,015 stock units, Carreras lost 5 cents and concluded trading at $10.55, with 177,994 units, Caribbean Cement finished 50 cents higher at $38, with 18,005 shares, Grace Kennedy climbed 75 cents to $48.50 with 18,357 shares changing hands. Jamaica Broilers rose 74 cents to end at $20 trading 802,930 stock units, Jamaica Producers added 14 cents and finished trading at $16.70, with 105,932 units, Jamaica Stock Exchange closed at $7.50, with 45,050 shares traded, JMMB Group lost 50 cents to end at $27, with 68,700 shares changing hands. Kingston Properties concluded trading at $6.64, with 2,172 shares, Kingston Wharves fell $1.70 and finished at $47, with 3,250 stock units, Mayberry Investments settled 1 cents down at $6, with 104,485 units trading, NCB Financial Group ended trading 1 cents lower at $94.99, with 157,533 shares. 1834 Investments traded at $1.08, with 2,253,420 shares, PanJam Investment closed at $44.50, with a loss of 70 cents trading 79,749 stock units, Pulse Investments concluded trading at $1.78, with 27,348 shares, Radio Jamaica fell 31 cents to $1, with 2,329,526 shares. Sagicor Group settled with a fall of 35 cents at $36.15, with 68,110 shares, Sagicor Real Estate Fund lost 85 cents to end at $13.90, exchanging 27,665 shares, Scotia Group added $1.38 to close at $50.63, in trading 197,361 units, Seprod finished trading at $35, with 3,348 shares, Supreme Ventures ended at $12.60, with 119,389 shares. Victoria Mutual Investments shed by 5 cents and concluded trading at $4.05, with 281,461 stock units traded Wisynco Group finished 10 cents lower at $9.70, with 227,149 units changing hands.
In the main market preference segment, Jamaica Money Market 7.5% traded at $2, with 139 stock units, JMMB Group 7% finished trading at $2, with 1,000 units and JMMB Group 7.25% closed at $2, after 200 shares changed hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Big JSE main market fall – Friday.”

Broilers pushes JSE volume again – Thursday

Jamaica Broilers traded the most shares for second day running on Thursday.

The Jamaica Stock Exchange was dominated by the trading for the second running in Jamaica Broilers shares which accounted for 79 percent of the volume traded to end with 22.76 million units up from 11.53 million on Tuesday.
The market again closed with a high level of trading, as 28,791,979 units valued at $527,232,319 changed hands up from 13,526,719 shares valued at $293,683,413 that traded on Tuesday. The other larger trades were Supreme Ventures with 3,202,706 units accounting for 11.12 percent of the volume traded and JMMB Group 7.50% preference shares with 724,379 units.
At the end of market activities, 28 securities traded, compared to 31 on Monday, in the main and US dollar markets as 15 stocks rose, 4 declined and 12 traded firm. At the close, the All Jamaican Composite Index slipped 78.81 points to 325,657.17. and the JSE Index declined 71.81 points to close at 296,710.48.
Stocks with major price changes are, Jamaica Broilers down $2.34 to close at $19.26, Sagicor Group losing $1.50 to end at $36.50, Salada Foods gaining 10 cents to closed at an all-time high of $15, Scotia Group dropping $1.38 to $49.25 and Seprod falling $1 to end at $35.
Trading resulted in an average of 1,107,384 units valued at an average of $20,278,166 compared to 500,990 units valued at an average of $10,877,163 for each security traded on Tuesday. The average for the month to date is 276,670 shares with a value of $12,655,026, previously 290,955 shares with a value of $12,157,032. In contrast, April closed with an average of 708,206 shares with a value of $6,395,518 for each security traded.
In the US dollar market, JMMB Group 5.75% US preference share finished trading at US$2.06, with 21,300 units. The JSE USD Equities Index closed unchanged at 173.22.
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 just 1 closing with a lower offer.
For more details of market activities see – JSE main market index slips again – Thursday.

JSE main market index slips again – Thursday

The JSE main market slipped slightly at the close of trading on Tuesday with advancing stocks being outnumbered by a wide margin with declining prices, for the second day.
At the close, the All Jamaican Composite Index slipped 78.81 points to 325,657.17 and the JSE Index declined 71.81 points to close at 296,710.48. as 26 securities changed hands, resulting in 6 advancing, 13 declining and 7 remaining firm. Salada Foods closed trading at a new high of $15.
Market activity resulted in 28,791,979 units valued at $527,232,319 versus 13,526,719 units valued at $293,683,413 trading on Tuesday.
In market activity, Carreras rose 7 cents and finished at $10.60, with 202,080 shares, Caribbean Cement settled at $37.50, with 23,652 shares, Ciboney Group lost 1 cent and ended trading at 12 cents, with 425,941 shares, Grace Kennedy declined 75 cents to $47.75, with 32,133 stock units trading, Jamaica Broilers finished trading at $19.26, with 22,755,531 units changing hands but dropped $2.34 in the process. Jamaica Producers gave up 14 cents in closing at $16.56, with 4,000 shares, Jamaica Stock Exchange inched up by 1 cent and ended at $7.50, with 25,570 shares, JMMB Group concluded trading at $27.50 after inching down 10 cents as 959 stock units changed hands, Kingston Wharves settled at $48.70, with 3,570 units. Mayberry Investments ended trading at $6.01, falling 9 cents with 95,320 shares, NCB Financial Group traded at $95, with 342,566 shares, 1834 Investments finished trading at $1.08, with 116,281 units trading, 138 Student Living ended trading at $5.10, with 10,000 shares, PanJam Investment ended at $45.20, with 35,105 units. Pulse Investments rose 18 cents and finished at $1.78, with 50,000 shares trading, Radio Jamaica rose 1 cents and settled at $1.31, with 150,000 shares, Sagicor Group dropped $1.50 and ended trading at $36.50, with 81,902 stock units and Sagicor Real Estate Fund finished trading 25 cents higher at $14.75, with 25,793 stock units. Salada Foods traded 10 cents higher to end at a 52 weeks’ high of $15, with 13,000 units. Scotia Group fell $138 to close at $49.25, trading only 763 shares, Seprod concluded trading with a loss of $1 to end at $35, with 7,688 stock units, Supreme Ventures settled for a 40 cents loss to close at $12.60, with 3,202,706 shares, Victoria Mutual Investments fell 7 cents, ending trading at $4.10, with 77,137 shares and Wisynco Group traded at $9.80, after falling by 20 cents with 360,903 shares. In the main market preference segment, JMMB Group 7.25% ended at $2, with 25,000 shares and JMMB Group 7.5% finished with a loss of 5 cents to end at $1, as 724,379 stock units changed hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Broilers pushes JSE volume again – Thursday.”

JSE main market volume jumps – Tuesday

Jamaica Broilers closed with 11.5M shares trading on Tuesday.

Jamaica Broilers accounted for 85 percent of the 13,526,719 shares valued at $293,683,413 that traded on the Jamaica Stock Exchange rose on Tuesday.
The volume was built from Jamaica Broilers traded 11,507,048 units, followed by PanJam Investment with 839,895 units or just 6.2 percent of the day’s volume while Supreme Ventures traded 306,420 units on a day of light trading, for the majority of securities changing hands.
At the end of market activities, 31 securities traded, compared to 23 on Monday, in the main and US dollar markets as 15 stocks rose, 4 declined and 12 traded firm. At the close, the All Jamaican Composite Indexfalling 1,074.92 points to 325,735.98. and the JSE Index declined 979.37 points to close at 296,782.29.
Stocks with major price changes are, NCB Financial gaining $1 to end at $95, PanJam Investment rising 95 cents to $45.20, Salada Foods gaining $1.90 to closed at an all-time high of $14.90 and Scotia Group jumping $2.63 to $50.63.
Trading resulted in an average of 237,406 units valued at an average of $3,289,689 for each security traded. In contrast to 87,342 units for an average of $2,131,859 on Monday. The average for the month to date is 276,670 shares with a value of $12,250,176, previously 279,765 shares with a value of $13,009,983. In contrast, April closed with an average of 708,206 shares with a value of $6,395,518 for each security traded.
In the US dollar market, JMMB Group 5.75% US preference share finished trading at US$2.06, with 5,000 units. The JSE USD Equities Index closed unchanged at 173.22.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.
For more details of market activities see – JSE main market index down again – Tuesday.

JSE main market index down again – Tuesday

Stocks declined again in trading on the main market on Tuesday, even as advancing stocks outnumbered declining ones by a wide margin.
At the close the JSE All Jamaican Composite Index declined 1,074.92 points to 325,735.98 and the JSE Index fell 979.37 points to 296,782.29 as 27 securities changed hands, resulting in 15 advancing, 4 declining and 8 remaining firm.
Market activity resulted in 13,526,719 units valued at over $293,683,413 compared with 6,884,784 units valued at $95,400,967 trading on Monday.
In market activity, Barita Investments closed at $12.20, with 3,600 shares, Berger Paints gained 50 cents and ended at $20.50, with 1,194 stock units, Carreras rose 3 cents and concluded trading at $10.53, with 46,980 units, Caribbean Cement finished trading at $37.50, with 4,490 shares, Ciboney Group settled at 13 cents trading 100,000 shares. Grace Kennedy fell 32 cents trading 9,823 shares at $48.50, Jamaica Broilers lost 40 cents to end at $21.60, with 11,507,048 stock units changing hands, Jamaica Producers rose 19 cents in trading 3,167 units at $16.70, Jamaica Stock Exchange closed at $7.49, with 1,260 shares. JMMB Group ended at $27.60, with 166,847 shares after rising by 60 cents, Mayberry Investments eased just 1 cents, settling at $6.10, with 14,104 units, NCB Financial Group rose by $1 and ended trading at $95, with 55,030 shares, 1834 Investments traded 100 shares, gaining 1 cent to end at $1.08. PanJam Investment closed with a rise of 95 cents at $45.20, exchanging 839,895 stock units, Portland JSX ended at $10, with 129 units, Radio Jamaica lost 5 cents and finished at $1.30, with 68,950 shares, Sagicor Group gained 49 cents to settle at $38, with 84,700 shares, Sagicor Real Estate Fund finished 60 cents higher at $14.50, with 6,700 units. Salada Foods jumped $1.49 to a record high of $14.90, with 1,250 stock units, Scotia Group jumped $2.63 traded 62,337 units to close at $50.63, Seprod finished trading at $36, with 200 shares, Supreme Ventures gained 32 cents and ended at $13, with 306,420 shares. Victoria Mutual Investments concluded trading at $4.17, exchanging 101,057 stock units and Wisynco Group concluded trading at $10, after rising by 5 cents with 76,787 shares traded. In the main market preference segment, Jamaica Money Market 7.25% rose 5 cents and ended trading at $2.55, with 1,613 shares, Jamaica Money Market 7.5% closed trading at $2, with 2,271 stock units and JMMB Group 7.5% rose 4 cents to finish at $1.05, with 55,767 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 volume dives – Tuesday.”