Falling stocks dominate Junior Market – Friday

March 1, 2019 by

Trading on the Junior Market of the Jamaica Stock Exchange ended trading on Friday with 26 securities changing hands, compared with 25 securities trading on Thursday and ending with the prices of 6 securities advancing, 13 declining and 6 remaining unchanged.
At the close of market activities, 3,598,159 units valued at $16,062,044 changed hands, compared to 10,156,220 units valued at $31,853,419 on Thursday. Trading ended with an average of 138,391 units for an average of $617,771 in contrast to 406,249 units for an average of $1,274,137 on Thursday. In contrast, February closed with average of 235,225 units valued at $679,790 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 5 with lower offers.
At the close of the trading, Access Financial closed $3 higher to $53, with 6,150 shares trading, AMG Packaging closed 9 cents higher at $2.49, with 18,125 stock units changing hands, Blue Power concluded trading of 21,298 units at $4.93, CAC 2000 finished trading with a loss of 10 cents at $12.40, with an exchange of 2,500 shares. Caribbean Flavours lost $1.51, exchanging 44,483 stock units, at $18.49, Caribbean Producers finished trading 15,692 units at $4.60, Derrimon Trading ended with a loss of 10 cents at $2.60, trading 277,652 shares, Everything Fresh finished with a loss of 15 cents at $1.50, with an exchange of 79,794 stock units. Elite Diagnostic settled at $3.20, with an exchange of 35,968 units, Express Catering ended trading of 583,562 shares, with a loss of 39 cents at $7.46, FosRich Group traded 66,355 shares to close at $4, Fontana finished trading with a loss of 2 cents at $3.96, with 164,513 shares changing hands. General Accident closed at $4.50, with 561,039 exchanging stock units, Honey Bun concluded trading 1,143,609 shares 1 cent higher at $3.81, ICreate swapped 275,417 and lost 2 cents to close at all-time low of $1. Indies Pharma finished 14 cents higher at $3.14, trading 36,886 shares, Iron Rock settled at $3.50, with an exchange of 27,500 shares, Jamaican Teas  traded 58,475 units with a loss of 26 cents to end at $4.24. Jetcon Corporation  finished trading 3,768 shares and rose 20 cents to $3.30,  Lasco Distributors  finished with a loss of 1 cent at $3.79, with 28,381 units changing hands, Lasco Financial settled with a loss of 20 cents at $4.40, with 4,261 shares crossing the trading platform. Lasco Manufacturing  ended trading 54,369 shares, with a loss of 1 cent to close at $3.24,  Main Event  traded 3,080 shares with a loss of 10 cents to end at $5.40,  Medical Disposables  finished with a loss of 20 cents at $6.60, trading 8,700 stock units and tTech settled 70 cents higher at $6.20, with just 200 stock units trading. In the junior market preference segment, Derrimon Trading preference share ended at $2.10, with 76,382 stock units changing hands.

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

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

JSE majors pulls back – Thursday

February 28, 2019 by

Carib Cement traded at a record high of $60.

Trading on the main market of the Jamaica Stock Exchange ended on Thursday with JSE All Jamaican Composite Index climbed 1,972.46 points to 424,864.03 and the JSE Index advanced by 1,792.39 points to 387,078.63.
At the close market activity, the main and US markets traded 38 securities, compared to 35 securities trading on Wednesday as 17 advanced, 9 declined and 12 traded without changes in prices. Caribbean Cement traded at an at a 52 weeks’ high of $60 before retreating to close at $54, Eppley 7.5% preference share traded a at a 52 weeks’ high of $6.13 and the Jamaica Stock Exchange traded at a record high of $18.
Main market activity ended with 6,800,119 units valued at $107,742,633 compared to 2,447,527 units valued $48,782,718, changing hands, on Wednesday.
Ciboney led trading with 2,217,789 shares for 32.6 percent of the day’s volume, JMMB Group 7.25% Preference share was next with 1,001,753 units, accounting for 14.7 percent of the total main market volume changing hands and Wisynco Group ended with 948,463 shares, for 14 percent of the day’s volume.
Market activity ended with an average 206,064 units, valued at $3,264,928 for each securities traded, compared with an average of 78,952 units valued at $1,573,636, on Wednesday. The average volume and value for the month to date, amounts to 281,016 shares with a value of $11,715,160 and previously, 285,064 shares with a value of $12,195,949. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 8 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Berger Paints rose 48 cents and ended at $20, with 6,734 stock units, Jamaica Broilers finished trading 62,676 shares after climbing $1.40, to close at $34.40, Jamaica Producers lost 50 cents trading 21,935 units, to close at $23. Jamaica Stock Exchange climbed 50 cents and ended at a 52 weeks’ high of $18, with 22,755 shares changing hands, Kingston Wharves dropped $2 and settled at $75, with an exchange of 7,729 units, PanJam Investment  gained 45 cents to end at $79.45, trading 2,503 units. Sagicor Group shed $1.94 trading 83,879 shares to close at $40.05, Salada Foods  shed $2.50 trading 25,900 units to close at $31.50, Scotia Group  gained 90 cents trading 8,275 stock units at $53.40 and Sygnus Credit Investments rose 28 cents trading 182,345 shares to close at $14.
Trading in the US dollar market resulted in 141,624 units valued at over $91,276 changing hands. JMMB Group 5.75% preference share closed at $2 trading 2,600 shares, JMMB Group 6% USD preference share traded 13,000 units at US$1.04, Proven Investments rose 0.98 cent in trading 25,455 units, to close at 21.98 US cents and Sygnus Credit Investments exchanged of 40,800 shares at 11 US cents after falling 1 cent. The JSE USD Equities Index rose 0.86 points to close at 173.96.

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

Derrimon dominates Junior Market – Thursday

February 28, 2019 by

Derrimon Trading exchanged 5.66m shares.

Derrimon dominated trading on the Junior Market of the Jamaica Stock Exchange on Thursday with 5.66 million shares changing hands accounting for nearly 56 percent of the Junior Market volume traded.
At the close of market activities advancing stocks edged out declining ones with the Index inching 0.15 points higher to close at 3,127.66 as the prices of 11 securities rose, 10 declined and 4 remained unchanged.
Trading ended on Thursday with 25 securities changing hands, resulting in an exchange of 10,156,220 units valued at $31,853,419 compared to 3,473,115 units valued at $10,367,273 on Wednesday from 28 securities changing hands.
Trading closed with an average of 406,249 units for an average of $1,274,137 in contrast to 124,040 units for an average of $370,260 on Wednesday. The average volume and value for the month to date, amounts to 235,225 units valued at $679,790 and previously, 226,842 units valued at $650,656 in contrast to 204,171 units for an average of $803,427. In contrast, January closed with average of 2,245,428 units with a value of $7,372,574 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 3 with lower offers.
At the close of the trading, AMG Packaging ended 5 cents higher at $2.40, while trading 3,000 shares, Blue Power concluded trading of 32,702 units, with a loss of 7 cents to close at $4.93, Cargo Handlers gained 20 cents to close at $13.20, with 1,250 shares crossing over the trading platform. Caribbean Flavours traded 2,050 stock units and climbed $2 to $20, Caribbean Producers finished trading 10 cents higher at $4.60, with an exchange of 8,285 units. Consolidated Bakeries closed with a loss of 1 cent at $1.99, with 500 shares changing hands, Derrimon Trading ended with a loss of 20 cents at $2.70, with an exchange of 5,664,385 shares, Everything Fresh finished with a loss of 10 cents at $1.65, trading 72,506 stock units. Elite Diagnostic settled 3 cents higher at $3.20, with 20,000 units changing hands, Express Catering ended trading 404,531 shares after rising 55 cents higher at $7.85, FosRich Group traded 95,912 shares at $4,  Fontana finished trading 348,963 shares with a loss of 1 cent at $3.98, General Accident closed 35 cents higher at $4.50, with 21,500 stock units changing hands. GWest Corporation ended at $1.80, with 35,447 units traded, Honey Bun concluded trading of 4,800 shares with a loss of 2 cents at $3.80, ICreate traded 399,531 shares with a lost of 2 cents to close at $1.02. Indies Pharma finished 24 cents higher at $3, with 728,417 shares changing hands, Jamaican Teas traded 1,037,035 units and rose 50 cents higher to close at $4.50. Jetcon Corporation finished trading 1,098,133 shares, with a loss of 5 cents at $3.10,  Knutsford Express  concluded trading of 1,700 stock units at $12.87,  Lasco Distributors finished 5 cents higher at $3.80, with 44,807 units changing hands, Lasco Financial  settled 10 cents higher at $4.60, in trading 16,244 shares. Lasco Manufacturing  ended trading of 61,113 shares at $3.25,  Main Event traded 13,409 shares  with a loss of 10 cents to close at $5.50 and Medical Disposables finished trading 100,000 stock units with a loss of 20 cents at $6.80.

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

Big fall for Junior Market – Wednesday

February 27, 2019 by

Falling stocks dominated the Junior Market of the Jamaica Stock Exchange on Wednesday with the Index diving 51.63 points to close at 3,127.51 as the prices of 6 securities rose, 12 fell and 9 remained unchanged. 
Trading ended on Wednesday with 28 securities changing hands, resulting in an exchange of 3,473,115 units valued at $10,367,273 compared to 4,609,652 units valued at $19,878,004 on Tuesday.
Trading closed with an average of 124,040 units for an average of $370,260, in contrast to 148,698 units for an average of $641,226 on Tuesday. The average volume and value for the month to date, amounts to 226,842 units valued at $650,656 and previously, 232,813 units valued at $666,944 in contrast to 204,171 units for an average of $803,427. In contrast, January closed with average of 2,245,428 units with a value of $7,372,574 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and none with lower offers.
At the close of the trading, Access Financial ended with a loss of $3 at $50, in an exchange of 1,600 shares, Blue Power concluded trading of 10,514 units and rose 3 cents to $5, CAC 2000 closed 38 cents higher at $12.50, with 5,000 shares crossing the trading platform. Cargo Handlers settled with a loss of 1 cent at $13, trading 29,901 shares, Caribbean Cream ended trading of 10,700 shares with a loss of 8 cents at $5.12, Caribbean Producers lost 10 cents to end at $4.50, with 57,042 units changing hands, Derrimon Trading ended at $2.90, with an exchange of 1,029,307 shares. Everything Fresh closed at $1.75, with the trading of 101,000 stock units, Elite Diagnostic settled 7 cents higher at $3.17, with an exchange of 22,051 units. Express Catering ended trading with 3,000 shares, at $7.30, FosRich Group traded 16,025 shares, at $4, Fontana ended at $3.99, with 344,662 shares trading, and General Accident closed with a loss of 34 cents at $4.15, with an exchange of 55,500 stock units. GWest Corporation ended at $1.80, trading 47,838 units, Honey Bun concluded trading of 33,050 shares with a loss of 5 cents at $3.82, ICreate traded 955,125 and lost 1 cent to close at $1.04. Indies Pharma finished trading of 183,190 shares with a loss of 7 cents at $2.76, Jamaican Teas  traded 17,119 units at $4,  Jetcon Corporation  finished trading 15 cents higher at $3.15, with 98,264 shares traded, KLE Group ended with a loss of 10 cents at $3.10, exchanging 5,918 shares. Knutsford Express  concluded trading of 3,250 stock units with a loss of 3 cents at $12.87,  Lasco Distributors  finished with a loss of 5 cents at $3.75, with an exchange of 24,883 units, Lasco Financial  settled with a loss of 10 cents at $4.50, trading 138,706 shares. Lasco Manufacturing ended trading of 9,370 shares at $3.25, Main Event exchanged 13,250 shares, at $5.60, Medical Disposables  finished trading 40 cents higher at $7, with 140,000 stock units changing hands, SSL Venture Capital  closed at $1.95, with an exchange of 35,000 shares and Stationery and Office concluded trading with 81,850 shares after rising 17 cents to $8.50.

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 majors drop on Wednesday

February 27, 2019 by

Trading on the main market of the Jamaica Stock Exchange ended on Wednesday with JSE All Jamaican Composite Index dropping 2,172.55 points to close at 422,891.57 and the JSE Index falling 1,974.21 points to 385,286.24.
At the close market activity, the main and US markets traded 35 securities, compared to 32 securities trading on Tuesday as 10 advanced, 13 declined and 12 traded without changes in prices. Main market activity ended with 2,447,527 units valued $48,782,718 compared to 8,311,096 units valued $195,683,562, changing hands, on Tuesday.
Carreras led trading with 415,956 shares for 17 percent of the day’s volume, Sagicor Real Estate Fund was next with 380,573 units, accounting for 15.6 percent of the total main market volume changing hands and Sterling Investments ended with 281,925 shares, for 11.5 percent of the day’s volume.
Market activity ended with an average of 78,952 units valued at $1,573,636 each, in contrast to an average of 286,590 units valued at $6,747,709 on Tuesday. The average volume and value for the month to date, amounts to 285,064 shares with a value of $12,195,949 and previously, 296,080 shares with a value of $12,795,751. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded. IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 8 stocks ending with bids higher than their last selling prices and 3 stocks closed with lower offers.
In main market activity, Caribbean Cement jumped $4 after exchanging 127,778 shares, to end at $54, Eppley fell $2 and ended at $11 trading 5,900 shares, Grace Kennedy rose $1.43 in trading  66,910 stock units to close at $59.95, Jamaica Producers  rose 40 cents and finished trading 97,583 units, at $23.50.  Kingston Wharves lost 50 cents and settled at $77, with an exchange of 1,171 units, Sagicor Group climbed $1.99 trading 76,700 shares to close at $41.99, Salada Foods  shed $2 in trading 1,095 units to close at $34, Scotia Group  fell 50 cents trading 44,406 stock units at $52.50 and Seprod climbed $2.40 trading 27,410 shares to close at $44.40.
Trading in the US dollar market resulted in 141,624 units valued at over $91,276 changing hands. JMMB Group 5.75% preference share closed at $2 trading 2,600 shares, JMMB Group 6% USD preference share traded 13,000 units at US$1.04, Proven Investments rose 0.98 cent in trading 25,455 units, to close at 21.98 US cents and Sygnus Credit Investments exchanged of 40,800 shares at 11 US cents after falling 1 cent. The JSE USD Equities Index rose 0.86 points to close at 173.96.

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

Modest gains for JSE majors – Tuesday

February 26, 2019 by

Trading on the main market of the Jamaica Stock Exchange ended on Tuesday with JSE All Jamaican Composite Index rising 282.49 points to 425,064.12 and the JSE Index advancing 256.70 points to 387,260.45.
At the close market activity, the main and US markets traded 32 securities, compared to 31 securities trading on Monday as 11 advanced, 13 declined and 8 traded without changes in prices. Main market activity ended with 8,311,096 units valued $195,683,562 compared to 3,016,645 units valued $84,766,098, changing hands, on Monday.
Wisynco Group led trading with 1,990,579 shares for 24 percent of the day’s volume, Carreras was next with 1,182,543 units, accounting for 14 percent of the total main market volume changing hands and Seprod ended with 738,968 shares, for 9 percent of the day’s volume.
Market activity ended with 286,590 units valued at over $6,747,709, in contrast to 104,022 shares valued at $2,922,969 on Monday. The average volume and value for the month to date, amounts to 296,080 shares with a value of $12,795,751 and previously, 296,580 shares with a value of $13,133,046. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 9 stocks ending with bids higher than their last selling prices and 4 stocks closed with lower offers.
In main market activity, Barita Investments gained 50 cents to close at $50, in trading 218,453 shares,  changing hands, Caribbean Cement dropped $1.40 after exchanging 333,970 shares, to end at $50, Grace Kennedy rose 52 cents in trading 14,383 stock units to close at $58.52, Jamaica Broilers fell $1.25 and finished trading of 397,700 units, at $33. Jamaica Stock Exchange rose 35 cents to end at $17.50, with the trading of 62,384 shares, Kingston Properties rose 48 cents and settled at $6, with an exchange of 90,092 units, Mayberry Investments lost 80 cents trading 296,539 shares to close at $9.20. PanJam Investment rose $2 in trading just 544 units, to close at $79, Portland JSX lost 50 cents to close at $7.50 in trading 56,500 shares. Salada Foods shed $2.25 in trading 47,618 units to close at $36, Scotia Group climbed $1.45 trading of 57,292 stock units at $53 and Seprod shed $3.80 trading 738,968 shares at $42.
Trading in the US dollar market resulted in 357,609 units valued at over $132,253 changing hands. JMMB Group 6% USD preference share traded 72,000 units at US$1.04, Proven Investments trading 256,409 units, to close at 21 US cents and Sygnus Credit Investments exchanged of 29,200 shares at 12 US cents. The JSE USD Equities Index lost 0.69 points to close at 173.10.

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

Junior Market index moved up – Tuesday

February 26, 2019 by

Junior Market stock trading.


Trading ended on Tuesday with 31 securities changing hands, resulting in an exchange of 4,609,652 units valued at $19,878,004, compared to 6,329,310 units valued at $24,906,239.61 changing hands on Monday.
Trading on the Junior Market of the Jamaica Stock Exchange ended with on Monday with the Index advanced by 12.91 points to close at 3,179.14 as the prices of 9 securities rose, 9 fell and 13 remained unchanged.
Trading ended with an average of 148,698 units for an average of $641,226 in contrast to 204,171 units for an average of $803,427 on Monday. The average volume and value for the month to date amounts to 232,813 units valued at $666,944 and previously 148,698 units for an average of $641,226, in contrast to 204,171 units for an average of $803,427 previously. In contrast, January closed with average of 2,245,428 units with a value of $7,372,574 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the trading,  AMG Packaging  ended with a loss of 10 cents at $2.35, with 130,507 stock units changing hands, Blue Power concluded trading 1,586 units, with a loss of 1 cent at $4.97, Caribbean Cream closed with a loss of 17 cents at $5.20, with an exchange of 7,000 shares. Caribbean Flavours  traded 3,605 stock units, at $18,  Caribbean Producers finished trading  11,200 units to close at $4.60, Consolidated Bakeries closed 20 cents higher at $2, with 100 shares changing hands, Derrimon Trading ended at $2.90, with 135,485 shares crossing the exchange’s trading platform. Dolphin Cove  concluded trading with 75,093 shares, with a loss of 95
cents to close at $14,  Everything Fresh  finished 10 cents higher at $1.75, in exchanging 12,000 stock units. Elite Diagnostic settled with a loss of 5 cents at $3.10,  trading 4,900 units, Express Catering ended trading of 694,970 shares, with a loss of 16 cents to close at $7.30, FosRich Group traded 34,968 shares, at $4, Fontana closed trading 8 cents higher at
$3.99, with 511,282 shares changing hands. General Accident jumped 49 cents higher to $4.49, with an exchange of 1,038,615 stock units, GWest Corporation ended at $1.80, with 12,882 units trading, Honey Bun concluded trading of 1,100 shares for 7 cents more to end at $3.87, ICreate traded 561,314 and lost 4 cents to close at $1.05. Indies Pharma finished 13 cents higher at $2.83, trading 13,467 shares. Iron Rock settled at $3.50, with 92,970 shares changing hands, Jamaican Teas  traded 15 cents higher at $4, with an exchange of 19,276 units, Jetcon Corporation  finished trading 108,985 shares, at $3,  Key Insurance  closed at $3, with the trading of 5,000 shares. Knutsford Express  concluded trading with 3,814 stock units at $12.90, Lasco Distributors  closed at $3.80, with 1,047,602 units changing hands, Lasco Financial settled with a loss of 20 cents at $4.60, after trading 10,462 shares, Lasco Manufacturing ended trading 10,451 shares with a loss of 2 cents to close at $3.25. Main Event traded with a loss of 20 cents at $5.60, with 1,236 shares changing hands, Medical Disposables rose 11 cents to close at $6.60, trading 19,900 stock units, SSL
Venture Capital ended at $1.95, with 15,000 shares trading and Stationery and Office concluded trading of 5,259 shares with a rise of 8 cents to $8.33. In the Junior Market preference segment, Derrimon Trading 9% ended at $2.10, with 19,623 stock units trading.

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

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

Strong Junior Market index move – Monday

February 26, 2019 by

Jamaican Teas was the leading trade with 4.5 million shares on Monday.

Trading on the Junior Market of the Jamaica Stock Exchange ended with on Monday with the Index climbing 38.36 points to close at
3,166.23 as the prices of 11 securities rose, 11 fell and 9 remained unchanged.
ICreate was listed on Monday and traded to close at a 52 weeks’ high, of $1.09. The stock was sold to the public in an IPO at $1.01 in late January.
Trading ended with 31 securities changing hands, resulting in an exchange of 6,329,310 units valued at $24,906,240 compared to 2,862,529 units valued at $11,545,436 from 28 securities changing hands on Friday.
The average was 204,171 units for $803,427, in contrast to 102,233
units for an average of $412,337 on Friday. The average volume and value
for the month to date amounts to units 238,595 valued at $668,712 and
previously 241,136 valued at $658,769. In contrast, January closed with average of 2,245,428 units with a value of $7,372,574 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the trading, Access Financial closed $4 higher at $53, trading 1,469 shares, AMG Packaging ended with a loss of 4 cents at $2.45, with an exchange of 5,500 stock units, Blue Power concluded trading of 2,000 units and rose 4 cents to close at $4.98,  Cargo Handlers settled at $14,with 3,950 shares changing hands. Caribbean Cream ended trading of 415 shares after a 5 cents rise to $5.37, Caribbean Producers traded 100,000 units with the price moving 10 cents higher to $4.60, Consolidated Bakeries closed at $1.80, with 10,000 shares changing hands, Derrimon Trading ended with a loss of 5 cents at $2.90, with an exchange of 266,310 shares. Dolphin Cove climbed 95 cents higher to $14.95 in trading 15,000 shares,  Everything Fresh  finished with a loss of 9 cents at $1.65, with an exchange of 44,519 stock units, Express Catering  ended trading 17,000 shares with a loss of 3 cents  at $7.46, FosRich Group traded 7,484 shares, at $4. Fontana lost 4 cents to close at $3.91, in exchanging 913,786 shares.General Accident closed at $4, with 5,575 stock units trading, GWest Corporation ended 5 cents higher at $1.80, with an exchange of 10,000 units, Honey Bun concluded trading of 11,200 shares, with a loss of 18 cents at $3.80, Indies Pharma finished with a loss of 21 cents at $2.70, trading 25,735 shares. Iron Rock settled with a loss of 5 cents at $3.50, with 39,030 shares changing hands, Jamaican Teas traded 4,523,710 shares, but lost 10 cents to close at $3.85,  Jetcon Corporation  finished trading 4,015 shares, at $3,  Knutsford Express  concluded trading with a loss of 10 cents at $12.90, with 10,948 stock units passing through the market. Lasco Distributors finished 5 cents higher at $3.80, in exchanging 33,333 units, Lasco Financial settled at $4.80, trading 4,000 shares, Lasco Manufacturing ended trading with 3,162 shares at $3.27,  Main Event traded 80 cents higher at $5.80, with 6,657 shares crossing the stock exchange platform. Medical Disposables jumped 99 cents and finished trading 65,774 stock units at $6.49,  SSL Venture Capital concluded trading of 4,500 shares, at $1.95,  Stationery and Office  finished 15 cents higher at $8.25, in exchanging 9,551 shares and tTech ended trading of 138 units with a loss of 39 cents to $5.50.
In the junior  market preference segment, CAC 2000 closed at $1, with the trading 6,652 shares.
Prices of securities trading for the day are those at
which the last trade took place.

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

JSE majors gain on Monday

February 25, 2019 by

Trading on the main market of the Jamaica Stock Exchange ended on Monday with JSE All Jamaican Composite Index increased by 1,099.55 points to 424,781.63 and the JSE Index advanced by 999.17 points to 387,003.75.
At the close market activity, the main and US markets traded 31 securities, compared to 30 securities trading on Friday as 11 advanced, 12 declined and 8 traded without changes in prices. Main market activity ended with 3,016,645 units valued $84,766,098 compared to 2,838,523 units valued at $72,200,499, changing hands, on Friday.
JMMB GROUP 7.25% CR Preference Shareled trading with 998,000 shares for 33 percent of the day’s volume, Scotia Group was nextwith 375,825 units, accounting for 12.5 percent of the total main market volume changing hands and Jamaica Broilers ended with 336,582 shares, for 11 percent of the day’s volume.
Market activity ended with 104,022 units valued at an average of $2,922,969 for each security traded, in contrast to 101,376 units for an average of $2,578,589 on Friday.
The average volume and value for the month to date, amounts to 296,580 shares with a value of $13,133,046 and previously, 307,278 shares with a value of $13,736,085. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer
indicator ended with the reading showing 8 stocks ending with bids higher than their last selling prices and 3 stocks closed with lower offers.
In main market activity, Berger Paints fell 49 cents and ended at $19.51, with 2,100 stock units changing hands, Caribbean Cement jumped
$5.40 after exchanging 112,829 shares, to end at $51.40.  Grace Kennedy lost 40 cents traded 107,235 stock units to close at $58, Jamaica
Broilers fell $1.26 and finished trading of 336,582 units, at $34.25.  Jamaica Stock Exchange lost 35 cents to end at $17.15, with the trading of 26,501 shares, Kingston Wharves rose 50 cents and settled at $77.50, with an exchange of 27,002 units, Mayberry Investments  climbed 90 cents trading 11,560 shares to close at $10.  Mayberry Equities fell 31 cents trading 30,000 shares to close at $8.90, NCB Financial gained 79 cents to close at $144.80, with an exchange of 88,609 shares, Proven Investments rose 50 cents in trading 900 units, to close at$28, Sagicor Group  dropped $1.95 to settle at $40.05, with 212,986 shares changing hands. Salada Foods  climbed $2.25 in trading 27,683 units to close at $38.25,  Scotia Group lost $2.35 trading of 375,825 stock units at $51.55 and Seprod shed $1.19 trading 33,667 shares at $45.80. Trading in the US dollar market resulted in 13,173 units valued at $9,015 changing hands. JMMB Group 6% USD preference share traded 7,517 units at US$1.04  and Proven Investments lost 0.05 cent in trading 5,656 units, to close at 21 US cents. The JSE USD Equities Index lost 0.04 points to close at 173.79.

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Seprod & Sygnus jump IC Top 10

February 24, 2019 by

Seprod after climbing from $34.85 at the end of the first full week in February to $39 in the week following, the price made more gains this past week, to end at $48 and dropped out of the TOP 10 main market listing.
Another main market stock, Sygnus Credit Investments garnered increased buying interest after the company posted positive December quarter results and moved back to the 2018 IPO price of $13.72 to leave the TOP 10. Grace Kennedy and Stanley Motta moved in to fill the breach left by the above two companies.
Caribbean Cream and Jamaican Teas entered the TOP 10 last week but left the list, by the end of this past week. Also moving on, was Lasco Manufacturing. Entering the Junior Market TOP 10 are tTech, Main Event with the price dropping to $5 and Iron Rock with the price declining to $3.50.
The three leading Junior Market stocks are General Accident, with potential gains of 300 percent, Paramount Trading with potential gains of 281 percent but not likely until the second half of 2019 when the company starts releasing the 2020 fiscal year results and Medical Disposables with 263 percent projected gains.
The three leading main market stocks are, Victoria Mutual investments with 153 percent likely gain, Sterling Investments with 135 percent and Sagicor Group with likely gain of 125 percent. Strong gains in the price of Carib Cement pushed it down to number 4 from 2 last week following strong increased profit for 2018.
The main market closed the week with the overall PE at 13.9 and the Junior Market at 10.2. The PE ratio for Junior Market Top 10 stocks average 6 and the main market PE is now 8.7.
The TOP 10 stocks now trade at an average discount of 41 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 38 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, 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 based on new information received that can result in changes in and out of the list as well.

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