5 new IC TOP 10 BUY RATED

August 19, 2019 by

The past week, was fairly quiet for Jamaica Stock Exchange with earnings season for the second quarter just about ended.
In the process, both markets reached new highs before pulling back to close the week below the record highs achieved earlier. The market activity led to a number of changes to the TOP 10 list. Consolidated Bakeries reported disappointing results for the June Quarter from strong growth in revenues and resulted in a downgrade in projected earnings, the stock along with CAC2000 and Caribbean Flavours fell from the Junior Market TOP 10. General Accident reported strong revenues and profit increase for the June quarter and half-year, resulting in earnings upgrade to 80 cents per share for the year and putting it back in the TOP 10 along with Caribbean Cream and Lasco Financial that fell under $5 on Friday.
In the Main Market TOP 10, late bloomer, Sygnus Investments fell in price along with Seprod and return to the main market TOP 10, replacing by Pulse Investments and Palace Amusement.
The three most attractive Junior Market stocks are, Caribbean Producers with projected gains of 240 percent, followed General Accident with projected gains of 171 percent and by Iron Rock with likely gains of 167 percent.
Radio Jamaica with projected gains of 198 percent leads the main market followed by Berger Paints and Carreras with potential gains of 121 percent each.
The main market closed the week with the overall PE of 17 and the Junior Market inched higher to 12.8 current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.1 and the main market PE is now 10 3. These levels, point to big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular as they lag, the values of the main market by a third.
The TOP 10 stocks now trade at an average discount of 37 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 39 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 an interest in the securities commented on.

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Heavy trading hits Junior Market on Friday

August 16, 2019 by

Junior Market stock trading.

Trading on the Junior Market of the Jamaica Stock Exchange saw a major jump in the volume and value of securities traded on Friday as 35 securities changed hands and 47,537,916 units valued $199,478,180 traded.
Some special one-off trades executed by Sagicor Investments boosted the volume traded on Friday’s by more than 700 percent, up from 5,865,706 units valued at $32,690,340 clearing the market from 32 stocks trading on Thursday.
At the close, The Junior Market Index declined 22.76 points to close at 3,589.32 following the rise of 14 securities and declined of 14 with 7 left unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks closing with higher bids than their last selling prices and 3 ending with lower offers.
Trading ended with an average of 1,358,226 units for $5,699,377 for each security traded, in contrast to 183,303 units for an average of $1,021,573 on Thursday. The average volume and value for the month to date amounts to 308,109 units valued at $1,356,578 and previously 182,669 units valued at $837,814 for each security traded. July ended with an average of 138,412 units at $563,215 for each security traded.
Stocks ending with price changes| Access Financial lost 50 cents in trading 480 shares to close at $42.50, AMG Packaging traded 1,000 shares, after rising 14 cents to end at $2.22, Blue Power climbed 50 cents and exchanged 52,410 shares at $9.50. CAC 2000 ended trading with 100 shares, after rising 15 cents to close at $15.15, Caribbean Flavours exchanged 4,867 shares, after rising 10 cents to end at $20. Consolidated Bakeries closed with a loss of 48 cents swapping 5,000 shares to settle at $1.90, Derrimon Trading closed 6 cents higher at $2.96, with 9,602,973 stock units changing hands, Express Catering climbed 3 cents in exchanging 27,600 shares to close at $6.40. Everything Fresh dipped 19 cents in trading of 20,216 units at $1.44, Elite Diagnostic shed 27 cents in trading of 93,833 units and ended at $6.75. Fosrich lost 10 cents trading of 175,196 units to close at $4.70, Fontana climbed 15 cents and exchanged 165,350 shares at $8.40, General Accident closed 89 cents higher at $5.90, with 1,027,500 stock units trading, Honey Bun fell 29 cents and ended market activity exchanging 1,560,020 shares to close at $6.21. iCreate climbed 5 cents and exchanged 50,000 shares at 80 cents, Indies Pharma dipped 10 cents in trading of 5,827,287 units at $3.40. Iron Rock Insurance ended trading with 5,000,300 shares, after rising 40 cents to end at $4.50, ISP Finance closed with a loss of $2 at $19, in exchanging 5,202 shares, Jamaican Teas closed trading of 366,635 units and gained 40 cents to end at $6. Jetcon Corporation lost 22 cents in trading 315,384 shares to close at a 52 weeks’ low of $1.58, Knutsford Express climbed 5 cents and exchanged 1,000 shares at $11.15, Limners and Bards shed 5 cents in trading of 312,043 units at $3.15, Lasco Distributors ended trading with 7,326,848 shares, after rising 17 cents to end at $3.47. Lasco Financial closed with a loss of 76 cents at $4.74, as 602,100 shares changed hands, Medical Disposables ended market activity exchanging 42,151 shares to close at $7.30 after falling 16 cents. Main Event exchanged 28,570 units and gained 90 cents to end at $7, Stationery and Office Supplies fell 50 cents, trading 69,105 units to close at $15 and tTech dropped $1.44 in trading of 22,730 units to finish at $6.55.

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

Trading jumps on JSE main market

August 16, 2019 by
Wigton closed at anew high of $1

Wigton closed at anew high of $1 on Friday.

The main market of the Jamaica Stock Exchange pulled back at the close on Friday as several one-off trades pushed the volume and value traded sharply higher than on Thursday.
Shares totaling 187,828,591 units valued $1,490,463,769 traded in the main market compared to 104,310,618 units valued $281,870,824 changing hands on Thursday.
Wigton Windfarm was the leading trade with 107.65 million units accounting for 57 percent of total volume. Sagicor Select Fund followed with 31 million shares accounting for 17 percent of the day’s trade and Carreras with 22 million shares for 12 percent of the volume with Wisynco Group trading 8.2 million units for 4 percent of total volume and Carribean Cement traded 7.3 million units for 4 percent to main market’s volume.
At the close of trading, the JSE All Jamaican Composite Index dropped 3,248.84 points to 575,196.79, the JSE Index dived 2,952.36 points to close at 523,691.53 and the JSE Financial Index rose 0.38 points to end at 143.79.
Trading ended with 38 securities trading in the main and US dollar markets, leading to 17 securities advancing, 14 declining and 7 closing with prices unchanged, compared to 37 securities trading on Friday.
At the close of trading, Wigton Windfarm ended trading at a 52 weeks’ closing high of $1 and Stanley Motta at $6.15.
The market closed with an average of 5,366,531 units valued at $42,584,679 for each security traded, in contrast to of 3,160,928 units valued at $8,541,540 on Thursday. The average volume and value for the month to date amounts to 2,179,264 units valued at $14,242,866 and previously, 1,865,027 units valued at $11,133,262. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9  stocks ending with bids higher than their last selling prices and 1 with a lower offer.
In the main market activity, Barita Investments lost $1 to end at $88 with 54,976 stock units changing hands, Caribbean Cement gained 50 cents trading 7,299,853 units to end at $77.50, Grace Kennedy lost $1 trading 133,845 shares and ended at $69, Jamaica Broilers rose $1 to close at $35, with 2,564,812 stock units changing hands. Jamaica Producers ended trading with 2,571,345 shares, but fell $1.71 to end at $26.65, JMMB Group gained 30 cents to end at $50 with 567,353 stock units trading, Kingston Wharves ended trading with 65,508 shares, after rising $2 to end at $69. NCB Financial lost $2 trading 92,431 shares to close at $208, Palace Amusement exchanged 129 shares but fell $400 to close at $2,100, PanJam Investment rose 99 cents to close at $105.99 with 192,765 stock units changing hands, Portland JSX ended trading with 5,800 shares and rose 35 cents to end at $7.55. Proven Investments rose $1 in trading 7,230 at $41, Sagicor Group jumped $2.20 in trading 392,582 shares to close at $76, Scotia Group climbed $1.99 to $56 with 25,966 shares changing hands, Seprod lost 39 cents in trading  1,562,565 shares at $51.60, Stanley Motta gained 65 cents in closing at an all-time high of $6.15 while swapping 242,427 stock units. Supreme Ventures rose $1 to close at $28 with an exchange of 250,878 shares, Sygnus Credit Investments fell $1 in trading 130,773 units to close at $23 and Wisynco Group climbed 50 cents to settle at $25.50 with 8,210,330 shares changing hands.
Trading in the US securities market resulted in 660,824 units valued US$86,326 changing hands. JMMB Group 6% preference shares rose one cent in exchanging 3,474 units to close US$1, Proven Investments inched just 0.49 cent higher to close at 26.99 US cents with an exchange of 1,000 shares and Sygnus Credit Investments traded 656,350 shares and rose 1 cent to close at 13 US cents. The JSE USD Equities Index advanced 1.64 points to close at 196.46.

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

Big drop in Junior Market index – Thursday

August 15, 2019 by
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At the close on Thursday, the Jamaica Stock Exchange Junior Market pulled back from the record high reached on Wednesday and indications at the close suggest more declines are likely on Friday.
The market index dropped 50.86 points to close at 3,612.08, but the fall is not a sign that the market is heading to 4,300 points before moving on to 5,000 that technical indicators point to.
Securities trading on the Junior Market dipped to 32 from 31 on Wednesday, as prices of 13 rose, 16 declined and 3 remained unchanged. For the second trading session, the IC bid-offer indicator was flashing negative signs for the Market for the following trading day.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks closing with higher bids than their last selling prices and 7 closed with lower offers.
Market activities resulted in an exchange of 5,865,706 units valued at $32,690,340 compared to 5,851,203 units valued at $22,568,503 trading on Wednesday.
The average trade for the day was 183,303 units for an average of $1,021,573 in contrast to 188,748 units for an average of $728,016 on Wednesday. The average volume and value for the month to date amounts to 182,669 units valued at $837,814 and previously 182,591 units valued at $815,284 for each security traded. July ended with an average of 138,412 units at $563,215 for each security traded.
Stocks ending with price changes| Access Financial lost 20 cents in trading of 5,621 units at $43, AMG Packaging declined by 17 cents in trading 71,500 units to close at $2.08, Blue Power closed trading of 69,292 units and gained 82 cents to end at $9, Caribbean Cream fell 60 cents in trading of 13,435 units at $4.60. Caribbean Producers closed trading of 10,448 units and gained 15 cents to end at $4.70, Express Catering closed with a loss of 12 cents at $6.37, in swapping 55,653 shares, Everything Fresh shed 7 cents in trading 14,800 units at $1.63, Elite Diagnostic fell 33 cents in trading of 113,448 units at $7.02. Fontana lost 25 cents in trading of 1,169,703 units in closing at $8.25, General Accident lost 58 cents in exchanging 1,036,720 units to end at $5.01, GWest Corporation closed 10 cents higher at $1.21, with 12,119 stock units trading, Honey Bun exchanged 119,616 shares, after rising 74 cents to end at $6.50. iCreate closed with a loss of 5 cents at 75 cents in swapping 82,674 shares, Indies Pharma shed 45 cents in trading of 78,680 units to settle at $3.50. ISP Finance jumped $5 to end at $21, trading 1,500 shares, Jamaican Teas exchanged 66,384 shares to close at $5.60 after falling 22 cents. Jetcon Corporation dipped 20 cents in trading of 75,436 units at $1.80, Knutsford Express fell 10 cents in trading of 500 units at $11.10. Limners and Bards traded 803,097 shares, after rising 10 cents to end at $3.20, Lasco Financial fell 50 cents in trading of 1,244,222 units at $5.50 after the company posted slightly lower first quarter profits, Lasco Manufacturing ended with a loss of 1 cent at $5.50 with 179,107 stock units changing hands. Stationery and Office Supplies fell 25 cents in trading of 17,150 units at $15.50 and tTech Limited climbed 49 cents in exchanging 166,068 shares at $7.99.

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

Prices mostly up for JSE main market

August 15, 2019 by

Sagicor Select Fund dominated volume traded on Thursday.

The main market of the Jamaica Stock Exchange recorded gains at the close on Thursday that failed to erase the more than 3,800 points drop in the two main market indices on Wednesday.
At the close of trading, the JSE All Jamaican Composite Index climbed 2,632.81 points to 578,445.63, the JSE Index advanced by 2,392.55 points to close at 526,643.89 and the JSE Financial Index rose 0.53 points to end at 143.41.
Trading ended with 37 securities trading in the main and US dollar markets, leading to 15 securities advancing, 13 declining and 9 trading firm, compared to 38 securities trading on Thursday.
At the close of trading, Wigton Windfarm ended trading at a 52 weeks’ closing high of 97 cents.
Shares totaling 104,310,618 units valued $281,870,824 traded, compared to 227,434,323 units valued at $478,562,750 changing hands on Wednesday. Sagicor Select Fund was the leading trade with 60.7 million units accounting for 58 percent of total volume. Wigton Windfarm followed with 37 million shares accounting for 36 percent of the day’s trade and Wisynco Group with 1 million shares for one percent of the volume.
The market closed with average of 3,160,928 units valued at $8,541,540 for each security traded, in contrast to of 6,317,620 units valued at an average of $13,293,410 on Wednesday. The average volume and value for the month to date amounts to 1,865,027 units valued at $11,133,262 and previously, 1,732,217 units valued at $11,432,307. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4  stocks ending with bids higher than their last selling prices and 3 with lower offers.
In the main market activity, Barita Investments gained $1 to end at $89 with 39,386 stock units changing hands, Caribbean Cement lost 50 cents trading 17,542 units to end at $77, Jamaica Broilers ended with a loss of $1 at $34, with 43,553 stock units changing hands. JMMB Group gained $1.20 to end at $49.70 with 679,242 stock units trading, Jamaica Producers ended trading with 938 shares, after rising 36 cents to end at $28.36, Kingston Wharves ended trading with 4,885 shares, after rising 59 cents to end at $67. Mayberry Investments lost 50 cents in trading of 61,476 units at $9.50, NCB Financial lost $4 trading 44,927 shares to close at $210, PanJam Investment ended with a loss of $1 at $105 with 150,865 stock units changing hands, Pulse Investments ended trading with 50,000 shares and rose 60 cents to end at $3.60. Scotia Group climbed $1.01 to $54.01 with 68,815 shares changing hands, Supreme Ventures ended with a loss of $1 at $27 with an exchange of 138,518  shares, Sygnus Credit fell 50 cents in trading of 105,993 units to close at $24 and Wisynco Group climbed $1.50 to settle at $25 with 1,050,510 shares changing hands.
Trading in the US securities market resulted in 312,334 units valued US$54,416 changing hands. JMMB Group 5.75% preference shares traded 2,184 shares to close US$2, JMMB Group 6% preference shares rose one cent in exchanging 1,500 units to close US$1, Proven Investments inched just 0.04 cent higher to close at 26.50 US cents with an exchange of 77,300 shares and Sygnus Credit Investments traded 231,350 shares to close at 12 US cents. The JSE USD Equities Index advanced 1.20 points to close at 194.82.

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

Big price declines sink JSE on Wednesday

August 14, 2019 by

 

The main market of the Jamaica Stock Exchange failed to benefit from the improved profit results reported by companies ahead of trading, as the market pulled back with the heavily weighted NCB Financial falling $4 along with large declines by others that had reported results days earlier.
At the close of trading, the JSE All Jamaican Composite Index dropped 4,286.79 points to close at 575,812.82, the JSE Index shed 3,895.59 points to end at 524,251.34 and the JSE Financial Index lost 1.48 points to end at 142.88.
Trading ended with 38 securities trading in the main and US dollar markets, leading to 14 securities advancing, 19 declining and 9 trading firm, compared to 42 securities trading on Wednesday.
At the close of trading, Palace Amusement jumped $550 to trade at a record high of $2,500 but with just 100 shares changing hands and Wigton Windfarm but ended trading at a 52 weeks’ closing high of 93 cents but recovered slightly by the close after it traded at a high of 98 cents for the day.
Shares totaling 227,434,323 units valued at $478,562,750 traded, compared to 105,567,277 units valued $1,138,000,566 changing hands on Tuesday. Fresh from Wigton Windfarm reporting 3.3 cents earnings per share for the June quarter, investors dived in and pushed the price up to close at a record of 93 cents with the stock being the leading trade with more than 118 million units accounting for 52 percent of total volume. Sagicor Select Fund followed with 102 million shares accounting for 45 percent of the day’s trade and Radio Jamaica with 1.6 million shares for less than one percent.
The market closed with an average of 6,317,620 units valued at an average of $13,293,410 for each security traded. In contrast to 2,706,853 units for an average of $29,179,502 on Tuesday. The average volume and value for the month to date amounts to 1,732,217 units valued at $11,432,307 and previously, 1,155,033 units valued at $11,164,308. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than their last selling prices and 3 with lower offers.
In the main market activity, Barita Investments lost $1 to end at $88 with 11,682 shares changing hands, Caribbean Cement gained 50 cents to end at $77.50 with 73,059 units changing hands, Grace Kennedy fell $1.90 in trading of 8,310 units at $70.10, Jamaica Broilers exchanged 42,145 shares and added $1 to close at $35. Jamaica Producers gained $1.35 cents in trading 13,251 shares to end at $28, JMMB Group fell $1.75 trading 262,330 shares to end at $48.50, Kingston Wharves shed $1.59 while trading 135 shares to end at $66.41, Mayberry Investments rose $1 in closing at $10 with 76,592 shares changing hands, NCB Financial lost $4 in exchanging 234,263 units to close $214. PanJam Investment added $5 in trading of 343,829 units at $106, Pulse Investments fell 70 cents in exchanging 463,377 shares at $3, Sagicor Group closed trading of 277,884 units but declined $1 to end at $74. Scotia Group dropped $1 to close at $53 in trading of 266,479 units, Seprod dipped $3 in trading 94,787 shares to end at $52, Sygnus Credit Investments rose 95 cents in trading 66,430 shares to end at $24.50 and Wisynco Group fell 50 cents to $23.50 after exchanging 311,397 units.
Trading in the US securities market resulted in 55,600 units valued US$7,724 changing hands. Proven Investments inched just 0.01 of a cent and closed at 26.01 US cents with an exchange of 7,200 shares and Sygnus Credit Investments lost 0.50 cents trading 48,400 shares to close at 12 US cents. The JSE USD Equities Index advanced 0.97 points to close at 193.62.

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New record for Junior Market – Wednesday

August 14, 2019 by

JM closed at a new record, on its way to 4,300 points & possibly 5,000.

The Junior Market of the Jamaica Stock Exchange continued higher in trading on Wednesday with the index jumping 48.55 points to a record close of 3,662.94 as it moves to 4,300 points before heading to 5,000. 
Securities trading on the Junior Market dipped to 31 from 33 on Tuesday, as prices of 17 rose, 18 declined and 6 remained unchanged. At the close IC bid-offer indicator was flashing negative signs for trading on Thursday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks closing with higher bids than their last selling prices and 8 stocks closing with lower offers.
Elite Diagnostic and Lasco Manufacturing ended trading at 52 weeks’ high while Lasco Financial traded at an intraday high of $7 but retreated to $6 at the close before the company posted slightly lower profit for the June quarter as interest cost and taxation reduced the slight improvement in operating profit flowing from 18 percent increased revenues. Market activities resulted in an exchange of 5,851,203 units valued at $22,568,503 compared to 6,250,912 units valued at $27,428,507 trading on Tuesday.
The average trade for the day was 188,748 units for an average of $728,016 in contrast to 189,422 units for an average of $831,167 on Tuesday. The average volume and value for the month to date amounts to 182,591 units valued at $815,284 and previously 181,761 units valued at $827,046 for each security traded. July ended with an average of 138,412 units at $563,215 for each security traded.
Stocks ending with price changes| AMG Packaging declined by 7 cents in trading 37,500 shares to settle at $2.25, Blue Power ended trading with 70,897 shares, after rising 18 cents to end at $8.18, Caribbean Cream closed trading of 20,321 units and gained 60 cents to end at $5.20. Cargo Handlers lost 10 cents in trading 5,000 shares to close at 11.40 cents, Caribbean Producers dipped 20 cents in trading of 60,530 units at $4.55, Dolphin Cove climbed 5 cents in exchanging 359 shares at $12.05, Express Catering exchanged 49,900 shares, after rising 14 cents to end at $6.49. Everything Fresh fell 10 cents in trading 13,778 units to end at $1.70, Elite Diagnostic closed 35 cents higher at $7.35, with 70,811 stock units trading, Fosrich traded 48,910 units and gained 10 cents to end at $4.80, General Accident ended trading with 5,000 shares, after rising 19 cents to close at $5.59. GWest Corporation lost 19 cents trading 113,035 units at $1.11, Honey Bun close with a loss of $1.24 at $5.76, after swapping 214,611 shares, iCreate fell 9 cents trading of 126,485 units to end at 80 cents. Indies Pharma closed 20 cents higher at $3.95, with 67,901 stock units trading, Jamaican Teas closed trading of 66,120 units and gained 2 cents to end at $5.82, Jetcon Corporation exchanged 1,494 units and gained 15 cents to end at $2. Limners and Bards climbed 10 cents in exchanging 3,761,358 shares at $3.10. Lasco Distributors climbed 10 cents in trading 7,008 shares at $3.30, Lasco Financial lost 40 cents and ended market activity with 130,949 shares changing hands to close at $6, Lasco Manufacturing jumped $1.06, in trading 423,416 shares to close at $6.50, Medical Disposables closed trading of 14,304 units and gained 52 cents to end at $7.46. Main Event climbed 8 cents and exchanged 8,152 shares at $6.10, Paramount Trading had an exchange of 26,300 shares, after rising 5 cents to end at $2 and tTech closed trading of 71,942 units and gained 5 cents to close at $7.50.

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

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

JSE trading set to explode on Wednesday?

August 13, 2019 by

Wigton posted a big jump in profit and should light a fire under the JSE.

The Jamaica Stock Exchange seems set to enjoy a big blast on Wednesday following the release of strong results by a number of companies after the market closed on Tuesday, with modest gains in the market indices.
At the close of trading, the JSE All Jamaican Composite Index added 254.37 points to close at 580,099.61, the JSE Index rose 231.16 points to 528,146.93 and the JSE Financial Index lost 0.31 points to end at 144.36.
Trading ended with more stocks rising than falling with 42 securities trading in the main and US dollar markets, leading to 19 securities advancing, 14 declining and 9 closing with no price change, compared to 37 securities trading on Tuesday.
At the close of trading, Palace Amusement traded at a record high of $1,950 but JMMB Group 7.5% preference shares traded at a 52 weeks’ low of 75 cents but recovered slightly by the close.

PanJam is another main market stock to post a big jump in profits.

Shares totaling 105,567,277 units valued $1,138,000,566 traded, compared to 65,134,390 units valued at $273,353,099 changing hands on Monday.  Sagicor Select Fund led trading with 57.2 million units for 54 percent of total volume, Wigton Windfarm followed with 22.3 million shares accounting for 21 percent of the day’s trade, Supreme ventures with 10 million shares for 9.5 percent of total main market volume. Other stocks trading over one million shares are, Ciboney, Mayberry Investments, NCB Financial, Radio Jamaica, Sagicor Group and Scotia Group.
The market closed with an average of 2,706,853 units valued at $29,179,502 for each security traded. In contrast to 1,915,717 units valued at an average of $8,039,797 on Monday. The average volume and value for the month to date amounts to 1,155,033 units valued at $11,164,308 and previously, 901,009 units valued at $7,834.486. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ending with bids higher than their last selling prices and 3 with lower offers.
In the main market activity, Barita Investments lost 98 cents to end at $89 with 24,197 shares changing hands, Caribbean Cement ended with a loss of $2 at $77 with 20,957 stock units changing hands, Carreras shed 74 cents to end at $8 with 781,375 stock units trading, Grace Kennedy climbed $2.50 in trading of  823,511 units at $72. Jamaica Broilers exchanged 81,295 shares but dropped $1 to close at $34, Jamaica Producers lost 35 cents trading 28,686 shares to end at $$26.65, Jamaica Stock Exchange jumped $4.19 trading 68,286 shares to end at $29.94, Kingston Properties lost $1 in closing at $7 after exchanging 18,485 shares. Kingston Wharves gained $2.16 while trading 12,263 shares to end at $68, Mayberry Jamaica Equities rose $1.10 in closing at $12.10 with 812 shares changing hands, NCB Financial lost $2 in exchanging 1,553,334 units to close $218. Palace Amusement traded just 100 shares and jumped $450 to close at a record high of $1,950, PanJam Investment added $1 in trading of 379,101 units at $101, Portland JSX recovered the 35 cents lost on Monday in exchanging 29,385 shares at $7.90, Proven Investments closed trading of 37,487 units and gained $3 to end at $40. Scotia Group dropped $2.60 to close at $54 in trading of 1,556,853 units, Seprod dipped $1 in trading 17,941 shares to end at $55, Sygnus Credit Investments lost 40 cents in trading 650,915 shares to end at $23.55 and Wisynco Group jumped $4.08 to $24 after exchanging 279,826 units.
Trading in the US securities market resulted in 36,715 units valued $5,737 changing hands. Margaritaville traded with 8,925 shares to settle at 25 US cents, Proven Investments gained 2 cents and closed at 26 US cents with an exchange of 240 shares and Sygnus Credit Investments traded 27,550 shares at 12.5 US cents. The JSE USD Equities Index advanced 6.09 points to close at 192.65.

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

New Junior Market record close – Tuesday

August 13, 2019 by

Elite Diagnostic one of four stocks to trade at 52 weeks’ high on Tuesday after posting strong 4th quarter results.

The Junior Market of the Jamaica Stock Exchange ended at a new record close on Tuesday, with the market index rising 25.36 points to 3,614.39  with advancing stocks being edged out decliners.
Securities trading on the Junior Market remained at 33 as was the case on Monday, as prices of 13 rose, 14 declined and 6 remained unchanged.
Elite Diagnostic, Paramount Trading preference share, Stationery and Office Supplies and tTech all ended trading at 52 weeks’ high.  
Market activities resulted in an exchange of 6,250,912 units valued at $27,428,507 up 19 percent from 5,270,328 units valued at $23,915,373 trading on Monday.
The average trade for the day was 189,422 units for an average of $831,167 in contrast to 159,707 units for an average of $724,708 on Monday. The average volume and value for the month to date amounts to 181,761 units valued at $827,046 and previously 180,478 units valued at $826,356 for each security traded. July ended with an average of 138,412 units at $563,215 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks closing with higher bids than their last selling prices and 2 closing with lower offers.
Stocks ending with price changes| AMG Packaging traded 27,000 shares, after rising 7 cents to end at $2.32, Caribbean Cream declined 45 cents in trading of 54,100 units at $4.60, Caribbean Flavours jumped $4.40 to $19.90 in trading 1,000 shares, Consolidated Bakeries fell 2 cents trading 152,643 units at $2.38. Dolphin Cove closed with a loss of 5 cents at $12, in swapping of 52,055 shares, Derrimon Trading exchanged 114,978 units and gained 18 cents to end at $2.90, Express Catering declined 5 cents in trading 27,902 units to close at $6.35, Everything Fresh closed trading of 35,622 units and gained 10 cents to end at $1.80. Elite Diagnostic climbed 50 cents and exchanged 125,430 shares to end at a 52 weeks’ high of $7, Fosrich Group shed 10 cents in trading 25,542 units at $4.70, Fontana traded 758,467 shares, after rising 45 cents to end at $8.50, General Accident dipped 2 cents trading of 677 units at $5.40. Honey Bun closed trading of 374,603 units, in gaining 80 cents to end at $7, iCreate ended with a loss of 1 cent at 89 cents with 145,342 stock units changing hands. Indies Pharma climbed 25 cents in exchanging 83,200 shares at $3.75, ISP Finance gained $1 to end at $16 in trading 729 shares, Jamaican Teas dipped 60 cents with 318,358 units changing hands to close at $5.80, Jetcon Corporation fell 10 cents exchanging 57,085 units at $1.85. Lasco Distributors lost 20 cents trading 282,673 units to close at $3.20, Lasco Financial dipped 15 cents with 31,200 units crossing the exchange at $6.40, Lasco Manufacturing declined 6 cents in exchanging 185,929 units to settle at $5.44. Medical Disposables lost 56 cents trading 11,000 shares to close at $6.94, Main Event fell 98 cents in exchanging 27,784 shares to close at $6.02. Paramount Trading closed with 25,000 units changing hands with a rise of 15 cents to end at $1.95, Stationery and Office Supplies climbed 6 cents and exchanged 11,042 shares to end at a record close of $15.75 and tTech Limited closed trading of 27,500 units and gained 52 cents to end at a 52 weeks’ high of $7.45.
In the junior market preference segment, Paramount Trading gained 20 cents to end at a 52 weeks’ high of $2.20 with 550 stock units trading.

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

Sagicor Select Fund dominates JSE trading

August 12, 2019 by

Sagicor Select Fund hit a record high of $1.98 in trading 64% of the day’s volume.

Sagicor Select Fund traded the largest volume on Monday to account for 64 percent of total volume on the Jamaica Stock Exchange between $1.48 and $1.98 but closed with an average of $1.64 on a day when the market indices pulled back moderately.
At the close of trading, the JSE All Jamaican Composite Index dropped 1,193.80 points close at 579,845.24, the JSE Index lost 1,084.85 points to 527,915.77 and the JSE Financial Index added 0.37 points to end at 144.67.
Market activity, resulted in 37 securities trading in the main and US dollar markets, leading to 14 securities advancing, 13 declining and 11 trading firm, compared to 38 securities trading on Monday. Shares totaling 65,134,390 units valued at $273,353,099 traded compared to 27,179,057 units valued at $283,797,972 changing hands on Monday.
At the close of trading, Sagicor Select Fund traded at a record high of $1.75 after posting a record high of $1.98 for the day and JMMB Group 7.5% preference shares ended at a 52 weeks’ low of 77 cents. Pulse Investments traded at an intraday 52 weeks’ closing high of $4.50 but closed down at the close and Sygnus Credit Investments traded at an intraday record high of $27 but closed down for the day, at $23.95.
Sagicor Select Fund led trading with 41.6 million units for 64 percent of total volume, Wigton Windfarm followed with 16.3 million shares accounting for 25 percent of the day’s trade, Victoria Mutual Investments traded 1.67 million for 2.6 percent of total main market volume and JMMB Group 7.5% preference shares ended with 1.5 million shares.
The market closed with an average of 1,915,717 units valued at an average of $8,039,797 for each security traded. In contrast to 754,974 units valued at an average of $7,883,277 on Friday. The average volume and value for the month to date amounts to 910,009 units valued at $7,834.486 and previously, 901,908 units valued at $7,795,047. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ending with bids higher than their last selling prices and 2 with lower offers.
In the main market activity, Barita Investments gained $1.99 to end at 89.98 with 24,197 shares changing hands, Caribbean Cement ended with a loss of $1 at $79 with 43,310 stock units changing hands, Carreras gained 75 cents to end at $8.74 with 290,037 stock units trading, Grace Kennedy declined 50 cents in trading of 108,296 units at $69.50. Jamaica Broilers exchanged 97,721 shares but dropped $1 to close at $35, Jamaica Stock Exchange dropped $1.75 trading 106,091 shares to end at $25.75, Kingston Wharves lost $3.66 while trading 1,667 shares to end at $65.84, NCB Financial jumped $4.50 in exchanging 361,554 units to close $220. PanJam Investment lost $5 in trading of 113,323 units at $100, Portland JSX fell 35 cents in exchanging 4,887 shares at $7.55, Pulse Investments closed trading of 377,004 units and gained 60 cents to end at $ 3.70, Sagicor Group dipped $1 in trading 279,331 shares to end at $7. Sagicor Real Estate Fund climbed 34 cents trading 58,424 shares to end $11.15, on the second day of trading on the local market. Scotia Group closed trading of 111,212 units and gained 30 cents to end at $ 56.60, Supreme Ventures climbed 60 cents and exchanged 35,041 shares at $28.60, Sygnus Credit Investments fell $2.05 in trading 126,734 shares to end at $23.95 and Wisynco Group exchanged 318,832 units after falling $4.03 to close at $19.92.
Trading in the US securities market resulted in 487,317 units valued $73,780 changing hands. Margaritaville traded with 2,000 shares to settle at 25 US cents, Proven Investments gained one cent and closed at 25 US cents with an exchange of 122,860 shares and Sygnus Credit Investments traded 362,457 shares but slipped 1 cent to end at 11 US cents. The JSE USD Equities Index declined by 0.81 points to close at 186.56.

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