Jamaican stocks — Page 351

Slightly improved JSE USD trading

October 22, 2020 by IC Insider.com

The US dollar market of the Jamaica Stock Exchange closed trading on Thursday, with the market declining moderately after trading 2,381 percent more shares than on Wednesday, resulting in more stocks falling than rising.
At the close of the market, trading ended with five securities changing hands compared to two on Wednesday and closed with the price of one stock rising, two declining and two remaining unchanged.
The JSE USD Equities Index declined by 1.24 points to 191.22, with the average PE Ratio ending at 12.9 based on the ICInsider.com forecast of 2020-21 earnings.
The market closed with an exchange of 19,696 shares, accounting for US$9,715 compared to 794 units at US$454 on Wednesday. The average trade for the day amounted to 3,939 units changing hands at US$1,943, in contrast to an average of 397 shares at US$227 on Wednesday. Trading ended with an average of 982,492 units for the month to date at US$16,740, in contrast to 1,078,429 units at US$18,191. By comparison, September ended with an average of 84,017 units for US$10,590.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows three stocks ending with bids higher than the last selling prices and none with lower offers.
At the close of the market, First Rock Capital Investment gained one-tenth of a cent and closed at 9 US cents, after exchanging 9,051 shares, Margaritaville closed at 15 US cents, trading 906 units. Proven Investments lost half a cent, to close at 26.5 US cents, with 1,000 stock units changing hands and Sygnus Credit Investments closed at 13.5 US cents, in exchanging 739 units.
In the preference segment of the market, JMMB Group 6% shed 13 US cents to settle at US$1.05, with 8,000 stock units changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

More gains for JSE Main Market

October 21, 2020 by IC Insider.com

The Jamaica Stock Exchange Main Market ended trading on Wednesday, with the market rising marginally after more stocks declined than rising in an exchange of 455 percent more shares, with a 757 percent rise in value than on Tuesday.
At the close, the All Jamaican Composite Index gained 35.98 points to 414,887.27, the Main Index rose 193.22 points to 378,479.15, while the JSE Financial Index shed 0.39 points to settle at 99.58.
Trading ended with 44 securities changing hands compared to 42 on Tuesday and closed with the prices of 14 stocks rising, 21 declining and nine remaining unchanged. The average PE Ratio ended at 15.3 based on the IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 23,292,101 shares for $301,807,924 compared to 4,197,312 units at $35,206,443 on Tuesday. Wigton Windfarm led with 41.4 percent of total volume, trading 9.65 million shares, followed by Jamaica Broilers with 35.4 percent as 8.25 million units traded, Sagicor Select Financial Fund with 6.5 percent after 1.52 million units changed hands and Transjamaican Highway accounting for 4.8 percent with 1.12 million units.
Trading ended with an average of 529,366 units at $6,859,271 for each security compared to an average of 99,936 shares at $838,249 on Tuesday. The average trade for October to date ended at 347,371 units at $5,634,183 for each security, in contrast to 332,968 units at $5,537,233. Trading month to date is well up on September’s average of 265,170 units at $3,271,625.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows 8 stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Berger Paints gained 55 cents to settle at $12.30, exchanging 63 shares, Caribbean Cement fell $1.01 to $44, trading 39,214 units, Eppley rose $1 to $19, with 38,500 stocks crossing the market. First Rock Capital gained 71 cents to close at $12.89, with 57,770 shares passing changing hands, Jamaica Broilers slid 90 cents to $26, in exchanging 8,253,792 stock units, JMMB Group finished at $29.73, with gains of 85 cents and ending, with 39,190 shares crossing the market. Kingston Properties fell $1.25 to $6.25 after finishing with 3,970 stock units changing hands, Mayberry Jamaican Equities shed 40 cents to close at $7.40, in trading 12,734 stock, MPC Caribbean Clean Energy rose $29 to $169 after trading 100 units. NCB Financial Group declined $1.50 in closing at $136.50, with an exchange of 139,361 shares, Palace Amusement lost $39 and closed at $1,450, trading 15 units, Proven Investments dropped $1.25 to end at $40, in an exchange of 9,400 stock units. Sagicor Group fell $1.79 to $44.11 trading 22,550 shares, Scotia Group dropped $2.18 to $46.32, in trading 3,235 units, Seprod climbed $8.48 to a 52 weeks’ closing high of $66.98 after hitting a new high of $70, with investors swapping 149,833 shares after the company reported a big increase in nine months profit and Supreme Ventures lost 38 cents to end at $14.52, in trading 16,842 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Junior Market drops 57 points on Wednesday

October 21, 2020 by IC Insider.com

The majority of stock prices gave way to selling pressure on the Junior Market of the Jamaica Stock Exchange on Wednesday, with the market suffering a sharp fall after trading 44 percent fewer shares than Tuesday.
At the close of market activities, the Junior Market Index lost 56.8 points after falling nearly 11 points on Tuesday to settle at 2,443.91. Trading ended with 35 securities changing hands compared to 36 on Tuesday, with the prices of 11 stocks rising, 17 declining and seven with prices remaining unchanged.
The average PE Ratio of the market ended at 10.8 based on the IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 3,515,236 shares for $8,677,144 compared to 6,241,322 units at $10,328,488 on Tuesday. Tropical Battery led trading with 19.8 percent of total volume with 696,728 shares, followed by Mailpac Group with 13.7 percent or 482,043 units and Express Catering with 10.8 percent, amounting to 379,614 shares.
Trading ended with an average of 100,435 units at $247,918 in contrast to 173,370 at $286,902 on Tuesday. For the month to date, the average trade resulted in an exchange of 282,340 units at $605,320 , in comparison to 297,285 units at $634,684 on Tuesday . Trading in September resulted in an average of 119,171 units at $249,355.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows six stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Access Financial fell 5 cents to $19.01 with an exchange of 6,059 shares, Blue Power dipped I cent to settle at $3.39 with 1,066 shares changing hands, Caribbean Cream lost 10 cents to end at $5 with investors switching ownership of 32,162 units. Caribbean Flavours slipped 3 cents to $1.71 with 235,429 stocks changing hands, Caribbean Producers dropped 14 cents to finish at $2.20 with through the market, GWest Corporation gained 5 cents to close at 91 cents with an exchange of 3,661 stock units, Indies Pharma rose 1 cent to $2.68, trading 31,100 shares. ISP Finance dropped $7.50 to settle at $18.45 with a mere 2 stock units changing hands, Jamaican Teas fell 13 cents to finish at $4.87 with investors switching ownership of 265,418 stock units, Jetcon Corporation lost 11 cents to close at 78 cents with 800 stocks passing through the market. Knutsford Express shed 59 cents to end at $5.71 with an exchange of 11,623 stock units, Lasco Distributors declined by 9 cents to settle at $3.01 with 54,695 units changing hands, Lasco Financial slipped 2 cents to $2.05 with investors trading 180,442 units. Lasco Manufacturing advanced 3 cents to finish at $3.45 with 6,027 stocks passing through the market, Limners and Bards dropped 17 cents to close at $2.50 with an exchange of 29,545 stock units, Lumber Depot lost 5 cents trading 256,149 shares at $1.03. Main Event shed 74 cents to settle at $3 with 95,310 stocks changing hands, Medical Disposables climbed 25 cents to finish at $4.55 with investors switching ownership of 25,210 units, Stationery and Office Supplies shed 70 cents to close at $4.85 with 18,193 units passing through the market and Tropical Battery gained 6 cents to end at $1.20 with 696,728 stock units crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, Best performing stock market, Blue Power, Caribbean Assurance Brokers, 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, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

JSE USD market in comatose state

October 21, 2020 by IC Insider.com

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Only two securities traded on Wednesday compared to six on Tuesday on the US dollar market of the Jamaica Stock Exchange, with the market index unchanged after there were no price changes at the close.
The JSE USD Equities Index was unchanged at 192.46, with the average PE Ratio ending at 12.9 based on the IC Insider.com forecast of 2020-21 earnings.
The market closed with 95 percent fewer shares traded than on Tuesday, as only 794 shares changed hands, with a value of US$454 compared to 16,817 units at US$12,542 on Tuesday. The average trade for the day amounted to 397 units at US$227, in contrast to an average of 2,803 shares at US$2,090 on Tuesday. Trading ended with an average of 1,078,429 units for the month to date at US$18,191 in contrast to 1,122,430 units at US$18,924. By comparison, September ended with an average of 84,017 units for US$10,590 .
At the end of trading, the Investor’s Choice bid-offer indicator reading shows three stocks ending with bids higher than their last selling prices and none with lower offers.
At the close of the market, Sygnus Credit Investments remained at 13.5 US cents, with 613 units changing hands and in the preference segment, JMMB Group 5.75% remained at US$2.05 after crossing the exchange with 181 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: Daily Trading, Emerging markets, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, JSE US dollar market, Sygnus Credit Investments, Trading Activity

Junior Market slips on Tuesday

October 20, 2020 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange closed on Tuesday, with the market declining moderately after the prices of more stocks fell than those rising after 173 percent more shares traded than on Friday.
Trading ended with 36 securities changing hands compared to 30 on Friday and closed with the prices of 10 stocks rising, 16 declining and 10 remaining unchanged.
At the close, the Junior Market Index dropped 10.79 points to settle at 2,500.71. The average PE Ratio ended at 11.3 based on the ICInsider.com forecast of 2020-21 earnings.
Trading closed with an exchange of 6,241,322 shares for $10,328,488 compared to 2,285,445 units at $6,026,625 on Friday. Tropical Battery traded 63.2 percent of total volume, with 3.94 million shares, followed by Lasco Distributors with 7.1 percent and 441,987 units and Mailpac Group ended with 6.8 percent or 422,033 units.
Trading ended with an average of 173,370 units at $286,902 in contrast to 76,182 at $200,888 on Friday. For the month to date, the average trade resulted in an exchange of 297,285 units at $634,685 compared to 308,724 units at $666,788 on Friday. Trading in September resulted in an average of 119,171 units at $249,355.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows five stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of trading, AMG Packaging lost 21 cents to end at $1.65, in exchanging 5,000 shares, Blue Power closed 4 cents lower at $3.40 trading 38 units Caribbean Assurance Brokers slid 10 cents to at $1.80, with 150 shares passing through the market. Caribbean Cream lost 5 cents to $5.10, in an exchange of 32,621 shares, Caribbean Flavours gained 4 cents to close at $1.74, with 339,826 shares changing hands, Caribbean Producers finished with a loss of 2 cents at $2.34, after trading 4,612 stock units. Derrimon Trading lost 11 cents in closing at $2.64, in an exchange of 32,573 shares, Express Catering ended 5 cents lower at $3.85 after a transfer of 2,305 units, General Accident closed at $6.50, after losing 19 cents trading 2,790 units. GWest Corporation gained 11 cents to settle at 86 cents, with an exchange of 1,000 units, Honey Bun lost 4 cents in closing at $4.85 trading 59,977 shares, iCreate lost 2 cents to settle at 70 cents, with 2,713 units crossing the market. Indies Pharma gained 1 cent to settle at $2.67 and finishing with a transfer of 24,600 shares, Iron Rock Insurance shed 37 cents to end at $2.51, in an exchange of 50,000 shares, Jamaican Teas picked up 14 cents to end at $5, in transferring 49,971 shares. Jetcon Corporation rose 9 cents to settle at 89 cents, clearing the market with 35,416 shares, Knutsford Express dipped 45 cents to $6.30, trading 10,004 stock units, Lasco Distributors shed 5 cents to close at $3.10 after crossing the market, with 441,987 shares. Lasco Financial lost 1 cent in closing at $2.07, with 36,683 stock units passing through the market, Lasco Manufacturing slipped 3 cents to $3.42, with 10,900 stock units crossing the exchange, Lumber Depot gained 3 cents in ending at $1.08 and exchanging 370,772 shares. Mailpac Group rose 1 cent to close at $1.99, with a transfer of 422,033 stocks, Main Event rose 49 cents to $3.74 in an exchange of 600 units, Medical Disposables gained 79 cents in closing at $4.30, with 20,154 stock units changing hands. Tropical Battery lost 3 cents to finish at $1.14, in trading 3,944,991 shares and tTech rose 90 cents to settle at $6.40 after exchanging 1,000 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, Dolphin Cove, 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, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity, tTech

JSE majors rise on diminished volume

October 20, 2020 by IC Insider.com

Trading volume slumped sharply on the Jamaica Stock Exchange Main Market on Tuesday with an exchange of 87 percent fewer shares than on Friday, after the value declined by 74 percent.
At the close, the All Jamaican Composite Index advanced by 600.10 points to 414,851.29, the Main Index rose 487 points to 378,285.93 and the JSE Financial Index gained 0.02 points to settle at 99.97.
Trading ended with 42 securities, similar to Friday and closed with the prices of 17 stocks rising, 16 declining and nine remaining unchanged. The average PE Ratio of the market ended at 15.4 based on the ICInsider.com forecast of 2020-21 earnings.
The market closed with an exchange of just 4,197,312 shares for a mere $35,206,443 compared to 31,504,153 units at $135,860,726 on Friday. Pulse Investments led trading with 25.8 percent of total volume amounting to 1.08 million shares, followed by Wigton Windfarm with 18.8 percent or 789,387 units and Carreras with 11 percent market share, for 459,648 units.
Trading ended with an average of 99,936 units changing hands at $838,249 for each security, compared to an average of 750,099 shares at $3,234,779 on Friday. The average trade for the month to date ended at 332,969 units at $5,537,233 for each security, in contrast to 352,010 units at $5,921,197. Trading month to date compares well to September’s average of 265,170 units at 3,271,625.
At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and one with lower offers.
At the close of the market, Caribbean Cement declined by $3.29 to settle at $45.01 after trading 993 units, Eppley shed $1.31 in ending at $18, with 1,609 units passing through the market, Eppley Caribbean Property Fund dipped 67 cents to close at $45 while trading 11,529 stock units. First Rock Capital lost 32 cents to finish at $12.18, with investors exchanging 1,500 units, Grace Kennedy settled at $57.34, with a loss of 41 cents after 48,341 shares crossed the exchange, Kingston Wharves climbed $1.15 to $48, in an exchange of 149 units. NCB Financial rose $1 to $138 and cleared the market with 36,414 shares, Palace Amusement gained $339 to $1,489, with only 2 units passing through the market, Proven Investments ended $1.05 higher at $41.25, in exchanging 15,697 stock units. Seprod lost 50 cents after a transfer of 7,249 stock units to end at $58.50 and Sygnus Credit Investments closed at $18.50 after losing 40 cents with 3,393 units crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Prices up index dips on JSE USD market

October 20, 2020 by IC Insider.com

The US dollar market of the Jamaica Stock Exchange closed trading on Tuesday with very low volume after 98 percent fewer shares changed hands compared to Friday at 35 percent less value.
At the close of the market, trading ended with six securities changing hands compared to four on Friday and closed with the prices of three stocks rising, one declining and two remaining unchanged.
The JSE USD Equities Index lost 0.26 points to settle at 192.46 and the average PE Ratio ended at 12.9 based on the IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 16,817 shares, accounting for US$12,542 compared to 694,986 units at US$19,235 on Friday. The average trade for the day amounted to 2,803 units changing hands at US$2,090, in contrast to an average of 173,747 shares at US$4,809 on Friday. Trading ended with an average of 1,122,430 units for the month to date at US$18,924, in contrast to 1,278,657 units atUS$21,273. By comparison, September ended with an average of 84,017 units for US$10,590.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows three stocks ending with bids higher than its last selling prices and none with lower offers.
At the close, First Rock Capital Investment added four-tenths of a cent to close at 8.9 US of cents, with investors swapping 1,204 stock units, Margaritaville gained 1 US cent in closing at 15 US cents, after an exchange of 125 units, Proven Investments was unchanged at 27 US cents trading 9,679 shares and Sygnus Credit Investments lost 1 US cent to end at 13.5 US cents, with a transfer of 1,016 units.
In the preference segment, Equityline Mortgage Investment preference share closed at US$1.96, with an exchange of 50 units and JMMB Group 5.75% C share climbed 4 US cents to settle at US$2.05, in trading 4,743 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Caribbean Cream exits IC TOP 10

October 17, 2020 by IC Insider.com

Investors responded strongly to Caribbean Cream more than doubling profit in the half year to August and a tripling of second quarter profit by pushing the stock up 9 percent on Friday, accounting for the second highest volume for the day. The rise in the stock price resulted in it moving out of IC TOP 10 Junior Market listing and replaced by Lumber Depot.
Lumber Depot returns to the top flight of stocks with earnings per share projected at 20 cents for the current fiscal year and the price just over $1. The Main Market is as you were last week, with no new change.
The Main Market closed the past week higher than the highest level since the beginning of July, except for September 30, another reminder that the market traditionally commences rallying in July each year and slowly builds towards the end of the year. The Junior Market closed the week just above the close of the previous week. That disguises the critical signal that is the market is currently sending. The jump in Caribbean Cream’s price this past week speaks eloquently to the underlying interest that is still in the market and displayed by the demand for Barita Investment stock, with investors’ demand pushing the price within a few dollars of the record high. The broader signal is the big surge that the Junior Market will experience in a few weeks as short term moving averages cross over longer-term ones to confirm a strong rally to come.
The top three stocks in each market saw no change in ranking, leaving the top three Junior Market stocks with the potential to gain between 293 to 705 percent by March 2021. Caribbean Producers heads the list, followed by Lasco Financial and Elite Diagnostic. The focus on all three is on the 2021 fiscal year profit, projected to recover from reduced profit for the 2020 financial year. With expected gains of 151 to 245 percent, the top three Main Market stocks are Berger Paints, followed by JMMB Group and Grace Kennedy.
The local stock market’s targeted average PE ratio is 20 based on companies’ profits reporting full year’s results from now to the second quarter in 2021. The Junior and Main markets are currently trading well below this level, indicating the potential gains ahead. The JSE Main Market ended the week, with an overall PE of 15.8 and the Junior Market 11.6, based on ICInsider.com’s projected 2020-21 earnings. The average PE ratio of the Junior Market has been slowly rising, with better profit opportunities than the Main Market and narrowing the gap. The PE ratio for the Junior Market Top 10 stocks average a mere 5.7 at just 49 percent to the Junior Market average. The Main Market TOP 10 stocks trade at a PE of 8.5 or 54 percent of the PE of that market.
The average projected gain for the Junior Market IC TOP 10 stocks is 298 percent and 144 percent for the JSE Main Market, based on 2020-21 earnings, indicating potentially greater gains in the Junior Market than the Main Market.
IC TOP 10 stocks are likely to deliver the best returns up to March 2021 and ranked in order of potential gains, based on likely gain for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in the selection process in and out of the lists for most weeks. Revisions to earnings per share are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated Tagged With: Access Financial, Berger Paints, Caribbean Assurance Brokers, Caribbean Producers, Carreras, Daily Trading, Emerging markets, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Laco Distributors, Lasco Financial, Lumber Depot, Medical Disposables, NCB Financial, Radio Jamaica, Scotia Group, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

Junior Market rises on Friday

October 16, 2020 by IC Insider.com

Caribbean Cream, fresh from reporting a more than doubling of earnings for the half-year, gave the Junior Market of the Jamaica Stock Exchange some lift on Friday, with the stocks rising nine percent to help lift the >market Index by 19.79 points to settle at 2,511.50.
Similar to Thursday, trading ended with 30 securities changing hands and concluded with the prices of 12 stocks rising, the prices of 12 declining and six with prices remaining unchanged.
The average PE Ratio of the market ended at 11.2 based on the ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 2,285,445 shares for $6,026,625 compared to 2,441,975 units at $5,915,805 on Thursday.
Caribbean Flavours led trading with 23.4 percent of total volume with an exchange of 534,770 shares, followed by Caribbean Cream with 19.7 percent of the day’s trade or 450,118 units and Tropical Battery with 379,495 units for 16.6 percent market share.
Trading ended with an average of 76,182 units at $200,888 in contrast to 81,399 at $197,193 on Thursday. For the month to date, the average trade resulted in an exchange of 308,724 units at $666,787, in comparison to 328,102 units at $705,612 on Thursday. Trading in September resulted in an average of 119,171 units at $249,355.
The Investor’s Choice bid-offer indicator reading for the market shows six stocks ending with bids higher than their last selling prices and four with lower offers after one stock ended at a 52 weeks’ low.
At the close of the market, Blue Power lost 2 cents to settle at $3.44 with investors switching 1,150 stock units, Caribbean Cream gained 44 cents and traded 450,118 units to end at $5.15, following the release of half-year results with profit doubling in the period with a 220 percent increase for the second quarter. Caribbean Flavours declined 6 cents to finish at $1.70, with 534,770 stock units passing through the market. Caribbean Producers advanced 16 cents to close at $2.36 with an exchange of 1,575 shares, Derrimon Trading rose 10 cents to end at $2.75 with 838 shares changing hands, Everything Fresh slipped 1 cent to 67 cents with investors transferring 8,332 stock units. Fontana rose 34 cents to finish at $4.99 with 61,670 units traded, Fosrich dropped 19 cents to settle at $3.20 with 10,568 units passing through the market, GWest Corporation rose 4 cents to close at 75 cents with an exchange of 77,447 shares. Indies Pharma fell 23 cents to end at $2.66 with 16,033 shares changing hands, ISP Finance jumped $5.95 to finish at $25.95 with investors switching ownership of 8,022 shares, Jamaican Teas lost 13 cents to settle at $4.86 with 123,392 stock units traded. Jetcon Corporation lost 7 cents to close at 80 cents with 92,849 shares passing through the market, Knutsford Express fell 10 cents to end at $6.75 with an exchange of 1,780 stocks, following the release of results showing a loss in the first quarter, Lasco Distributors slipped 2 cents to $3.15 with 632 units changing hands. Lasco Financial increased 3 cents to $2.08 with investors transferring 258 stock units, Lasco Manufacturing declined by 13 cents to settle at $3.45 with 2,000 stocks passing through the market, Limners and Bards advanced 7 cents to close at $2.67 with an exchange of 35,992 units. Mailpac Group advanced 3 cents, trading 351,137 units to end at $1.98, Main Event dropped 15 cents to finish at $3.25 with 710 stocks changing hands, Medical Disposables shed $1.23 to settle at $3.51 with investors switching ownership of 13,330 units. Stationery and Office Supplies climbed 68 cents to close at $5.55 with 14,100 stock units traded and Tropical Battery rose 1 cent to finish at $1.17 with 379,495 shares crossing the exchange.
In the preference segment, CAC 2000, 9.5% gained 4 cents to end at 99 cents with 2,315 units changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, Elite Diagnostic, Emerging markets, Everything Fresh, Fontana, FosRich, GWest, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity

Gains for JSE USD Market

October 16, 2020 by IC Insider.com

More gains for the US dollar market of the Jamaica Stock Exchange at the close on Friday with 36 percent more shares trading than on Thursday and resulting in the market index 192.72 after rising 1.65 points.
At the close of the market, trading ended with four securities changing hands compared to two on Thursday and ended with the prices of two stocks rising, one declining and one remaining unchanged.
The average PE Ratio ended at 12.8 based on the ICInsider.com forecast of 2020-21 earnings.
The market closed with an exchange of 694,986 shares, accounting for US$19,235 compared to 512,400 units at US$7,505 on Thursday. An average of 173,747 shares traded for the day at US$4,809, in contrast to the average of 256,200 shares at US$3,753 on Thursday. Trading ended with an average of 1,278,657 units for the month to date for US$21,273, in contrast to 1,391,981 units at US$22,962, well in excess of September average of 84,017 units for US$10,590.
The Investor’s Choice bid-offer indicator reading shows two stocks ending with bids higher than their last selling prices and none with lower offers.
At the close of the market, First Rock Capital Investment gained 1.29 US cents to close at 8.5 US cents, after trading 14,011 stock units, Margaritaville remained at 14 US cents trading 3,500 units. Proven Investments gained 1 US cent to close at 27 US cents in a transfer of 45,510 shares and Transjamaican Highway slipped by 0.02 of a cent and closed at 0.83 of a US cent, with 631,965 shares changing hands.