Junior Market trading rises – Monday

February 11, 2019 by

Fontana Waterloo branch under construction in Kingston

Trading on the Junior Market of the Jamaica Stock Exchange settled on Monday and resulting in an exchange of 3,202,720 units valued at $12,121,438, compared to 1,501,161 units valued at $5,720,483 on Friday.
Trading was dominated by Fontana with 75 percent of the total volume traded in the Junior Market.
At the close, 27 securities changed hands versus 22 changing hands on Friday leading to the prices of 12 securities advancing, 9 declining and 6 remaining unchanged and a rise of 25.69 points in the market index to close at 3,154.52.
Trading ended with an average of 118,619 units for an average of $448,942 in contrast to 68,235 units for an average of $260,022 on Friday. The average volume and value for the month to date, amounts to 91,113 shares valued $336,354 and previously 86,061 shares valued $315,674. In contrast, the average trade in January was 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 higher bids than their last selling prices and 4 closing with lower offers.
At the close of the day’s activities, Access Financial closed at $47, in trading 5,515 shares, AMG Packaging ended 10 cents higher at $2.50, with an exchange of 31,162 stock units, Blue Power concluded trading of 10,218 units after rising 80 cents to $5.80, CAC 2000 finished with a loss of 10 cents at $12.40, in exchanging 3,200 shares. Derrimon Trading ended 5 cents higher at $2.95, with 53,000 shares changing hands, Everything Fresh lost 22 cents to end at $1.61, with 63,050 stock units trading, Elite Diagnostic settled at $3.19, with an exchange 26,852 units, Express Catering ended trading of 21,766 shares with a loss of 30 cents at $7.50. FosRich Group traded just 103 shares with a loss of 1 cent at $3.99, Fontana finished trading 10 cents higher at $3.70, with 2,408,200 shares trading, General Accident closed with 80,376 stock units trading, with the price rising 10 cents higher to $4, GWest Corporation fell 19 cents to an all-time low of $1.11, with an exchange of 98,080 units. Honey Bun concluded trading of 36,070 shares with a loss of 5 cents at $3.70, Indies Pharma lost 19 cents at $2.95, in trading 36,151 shares, Jamaican Teas traded 1,140 units at $4,  Jetcon Corporation  finished trading 5,100 shares, with a rise of 4 cents to $3.19. Knutsford Express  fell 20 cents to end at $12.50, in exchanging 45,925 stock units, Lasco Distributors finished with a loss of 30 cents at $3.70, trading 89,999 units, Lasco Financial settled 30 cents higher at $4.50, with an exchange of 14,610 shares, Lasco Manufacturing ended trading 133,307 shares 8 cents higher at $3.18. Main Event  traded 20,196 shares and moved 30 cents higher to $6,  Medical Disposables  finished trading at $6.50, with an exchange of 2,000 stock units, Paramount Trading  ended swapping 7,000 units for 35 cents higher at $2.40, SSL Venture Capital ended at $1.94, with an exchange of 700 shares. Stationery and Office concluded trading of 1,000 shares and jumped 90 cents higher to $8.40 and tTech settled 4 cents higher at $5.84, with 2,000 stock units changing hands. In the Junior Market preference segment, Derrimon Trading ended at $2.10, with the trading of 6,000 stock units.

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

Cement & General Accident top IC Top 10

February 11, 2019 by

IC Insider.com TOP 10 selections return after a break. The selections, are based on 2019 earnings. Quite a number of the 2018 TOP 10 listings appear again in this year’s lists.
New to the Junior Market, are Fontana that was listed in December last year, Lasco Manufacturing, ISP Finance and Medical Disposables. New to the TOP 10 main market list are Caribbean Cement, Sterling Investments, Radio Jamaica and Sygnus Credit Investments.
The three leading Junior Market stocks are General Accident, with potential gains of 310 percent, Stationery and Office Supplies 284 percent and ISP Finance with 250 percent.
The three leading main market stocks are, Caribbean Cement with likely gains of 152 percent, Radio Jamaica, 150 percent and Victoria Mutual investments 147 percent.
Fontana, is projected by IC Insider.com, to earn at 50 cents per share for the current year and should go on to boost earnings for the June 2020 much higher with the opening of its newest branch this year. The prospects for the stock is very good over the next two to three years with the expansion plans that the company has for it. Lasco Manufacturing’s profit for the December quarter was effectively flat at $197 million but is up a strong 32 percent for nine months period. With EPS at 17 cents for the year, to December, full year results could hit 25 cents per share with 2020 moving higher as new product lines deliver more sales and profit. ISP Finance has been gradually building the loan portfolio and reporting improved annual profits but investment in increased staffing to manage expansion has increased cost faster than growth in revenues. The company exhausted the cash on hand in 2018 and borrowed additional funds to expand their loan portfolio. 2019 should be the year that profit break out and justify the current stock price. Medical Disposables delivered improved results in the six months to September last year with increased revenues coming from the new consumer lines that have been added to the product range.
In the main market, the way seems clear for Caribbean Cement to break out this year with the plant upgrade now behind them and the discontinuation of costly import of cement to fill the gap left by lower production as the plant upgrade took place in 2018. The company will benefit from increased sales as the construction sector continues to grow and demand more cement to use in building. Sterling Investments’ share has been undervalued for sometime and remains so, even after a 5 for 1 stock split in late 2018 that help move the price up. Additional funds from a recent rights issue will place the company in a position to take advantage of other investment opportunities and boost profit. Radio Jamaica has not delivered on the improved profitability after merging with the Gleaner but with income showing some growth against an improving economy, the 2020 fiscal year could start showing improved results. Sygnus Credit Investments is an undervalued stock with earnings to the September quarter negatively affected by the slippage in the rate of exchange of the local currency. Exchange movements does not affect the underlying fundamentals of the company going forward.
The main market closed the week with the overall PE at 13 and the Junior Market at 10. The PE ratio for Junior Market Top 10 stocks average 6.1 and the main market PE is now 8.2.
The TOP 10 stocks now trade at an average discount of 39 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings. The main market stocks trade at a discount of 37 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. 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.

Filed Under: Buy Rated Tagged With: , , , , , , , , , , , , , , , , , , ,

Compelling case to watch Fontana & Wisynco

February 10, 2019 by

Fontana Waterloo Road branch now nearing completion.

Two compelling buys this week that investors should be watching over the next few weeks, are Fontana in the Junior Market and Wisynco in the main market of Jamaica Stock Exchange.
Last week, the results of a few companies were released, but only the results of Wisynco, had the potency to move the stock price, without much delay. More companies will release quarterly reports this week and they are worth watching.
Wisynco reported strong half-year results to December and encountered good buying interest on Friday with nearly 2.7 million shares trading, with little price movement. Trading on Friday may have removed quite a bit of supply to help pave the way for an inevitable price rise at some point in time. The company is yet to reap the full benefit from the new production lines they installed last year and effective providing room for greater profit margin. In addition, they added sugar distribution to the product line up starting in January this year. The company is ripe to add more products for distribution could well add new brands to the lineup that will boost revenues and profit if that happens.  At current price of $10.40 and with a strong increase 36 percent in profits for the December quarter, investors with limited inventory of the stock would be unwise not to add it to their portfolios.

Wisynco could enjoy much increased revenues going forward as new products as added to the line up.

The recent quarterly report of AMG Packaging showed a big improvement of 68 percent in profit to $16.1 million, resulted in garnering increased buying interest around the $2.50 level. The price could move higher with sellers trying to get out around $2.70 level.
Elite Diagnostic rose in price this past week with increased buying interest and may go higher in the coming weeks as the quarterly results for December should show a big improvement over the $1.8 million profit reported in the first quarter to September and point to a much brighter future for this expanding entity.
PanJam Investment has limited supply of the stock offered on the market currently. At the close on Friday, just 79,000 units were shown on the JSE trading platform for sale compared, to 781,000 on the buy side. The lowest offer was 51,000 units at $80. It will be interesting to see what will happen with the price during the week.
Demand for Fontana shares is gradually eating away at supply of the stock with the price closing at $3.60, on Friday. The bid closed at $3.60 on Friday and the price could move higher during the week.  With IC Insider.com projected earnings for the current year at 50 cents per share and the opening of its latest branch this year, the stock has lots of potential gains ahead of it.
General Accident enjoyed lower demand in the past week with the price slipping from $4 to $3.90. The stock is a big value play with the 2018 results likely to come out in the region of 45 cents per share and 2019 even higher and provide solid incentive for the buyers to pick up the stock. Interim results for the full year, are expected to be released this week. Jamaica Stock Exchange shares hit a new high of $14, during the past week, with increasing interest shown in the stock. Exposed supply is currently not high, with expected continued buoyancy in

Seprod shares now trades at $34.85 each.


the market and a big increase in new listings this year, investors seem more aggressive to buy into what should be another year of increased profit for the company. Seprod price moved up to $34.85 with increased demand for the shares continuing against the background of declining supply. The price seems poised to move even higher in the coming weeks as the stock remains attractively priced.
Lasco Manufacturing’s profit for the December quarter was effectively flat at $197 million but is up 32 percent for nine months period. With EPS at 17 cents for the year, to December, there was little fire power to move the stock price during the week. The same is true for Lasco Distributors, with a 24 percent rise in profit to $157 million for the December quarter and 16 percent increase for the nine months to December, to $620 or 18 cents per share. Lasco Manufacturing with EPS close to Lasco Distributors should really see the stock price moving closer to the latter than the $3.10 it closed at on Friday.
NCB Financial remains on the Watch List with strong gains in operating profit for the December quarter, but the stock is finding it hard to break through resistance at the $150 level and may need something out of the ordinary if the price is to move decidedly higher before the summer months.
Barita Investments is worth watching but with the price falling, having gone ex rights during the past week.

Filed Under: Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , ,

JSE main market bounces – Friday

February 8, 2019 by

The main market of the Jamaica Stock Exchange enjoyed increased trading levels at the close on Friday over Thursday’s improved levels, leading the JSE All Jamaican Composite Index to jump 3,235.32 points to 410,410.81 and the JSE Index climbing by 2,944.56 points to 373,934.51.
Main market activity ended with, 7,016,682 units valued at $207,252,597 changing hands, in contrast with 4,986,769 units valued at $74,552,633, on Thursday.
The main and US markets traded a total of 33 securities, with prices of 13 rising, 9 declining with 9 remaining unchanged, compared to 31 securities trading on Thursday.
Wisynco Group led trading with 2,688,897 units for 38 percent of the day’s volume, followed by Grace Kennedy, with 1,521,787 shares and accounting for 22 percent of the total main market volume changing hands and Sygnus Credit with 543,056 stock units for 8 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 6 stocks ending with bids higher than their last selling prices and 5 closing with lower offers.
An average of 241,955 units valued at an average of $7,146,641 for each security traded. In contrast to 184,695 units for an average of $2,761,209 on Thursday. The average volume and value for the month to date amounts to 358,447 units valued $13,030,049 and previously, 523,805 units valued $16,891,062. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
In main market activity, Berger Paints lost $1.50 and ended at $19.50, with an exchange of 5,153 stock units, Jamaica Broilers climbed $4 in trading of 58,277 units, to close at $33, Jamaica Producers gained $1 to close at $23, trading 17,568 shares. Jamaica Stock Exchange closed trading with 81,864 units changing hands, with a rise of 5 cents to a record close of $14, Kingston Wharves lost 38 cents and settled at $68.52, with 266,720 units changing hands. Proven Investments traded 3,000 units and rose 50 cents to close at $27.50, Sagicor Group rose 25 cents in trading 25,424 stock units, to close at $38.80, Scotia Group fell 99 cents and finished trading of 489,552 shares at $53 and Sygnus Credit Investments lost 45 cents to end at $11.15 with an exchange of 543,056 shares.
Trading in the US dollar market resulted in 52,812 units valued at over $10,639 changing hands. JMMB Group 6% preference share concluded trading at $1.06 with 218 units, JMMB Group 5.75% preference share closed at $2 trading 2,114 shares, Proven Investments traded 14,180 units to close at 22 US cents and Sygnus Credit Investments exchanged of 36,300 shares at 9 US cents. The JSE USD Equities Index fell 5.54 points to close at 163.88.

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

Junior Market slips again – Friday

February 8, 2019 by

Fontana stock remains the main attraction in trading.

Trading on the Junior Market of the Jamaica Stock Exchange ended with 22 securities changing hands, compared to 25 to Wednesday, with 64 percent more volume than on Thursday.
At the close of market activities resulted in prices of 8 securities advancing, 11 declining and 3 remaining unchanged leading to a fall of 27.19 points in the market index to close at 3,128.83.
Market activity resulted in an exchange of 1,501,161 units valued at $5,720,483 compared to 917,451 units valued at $3,945,523 traded previously.
Trading ended with an average of 68,235 units for an average of $260,022 in contrast to 36,698 units for an average of $157,821 on Thursday. The average volume and value for the month to date, amounts to 86,061 shares valued $315,674 and previously 89,199 shares valued $325,469. In contrast, the average trade in January was 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 7 stocks ended with higher bids than their last selling prices and 5 closing with lower offers.
At the close of the day’s activities, Access Financial closed with a loss of 1 cent at $47, trading 1,285 shares, AMG Packaging ended at $2.40, with an exchange of 118,612 stock units, Blue Power concluded trading with 5,113 units at $5, CAC 2000 finished with a loss of 50 cents at $12.50, with 50,000 shares. Cargo Handlers settled with a loss of 20 cents at $14.70, exchanging 5,804 shares, Caribbean Producers finished trading 28,729 units and rose 5 cents higher to $4.75, Derrimon Trading ended with a loss of 5 cents at $2.90, with an exchange of 7,500 shares, Everything Fresh closed 23 cents higher at $1.83, with an exchange of 122,087 stock units. Elite Diagnostic settled 6 cents higher at $3.19, in exchanging 81,437 units. Express Catering ended trading with 40,767 shares and lost 10 cents to close at $7.80, FosRich Group traded 73,545 shares after rising 3 cents higher to $4, Fontana finished trading 598,063 shares, with a loss of 1 cent at $3.60, GWest Corporation ended with a loss of 14 cents at $1.30, with 63,268 units trading. Honey Bun concluded trading 2 cents higher at $3.75, with 49,560 shares,  Indies Pharma closed 14 cents higher at $3.14, with 89,033 shares changing hands, Jamaican Teas  traded just 2,500 units at $4, Knutsford Express concluded trading of 1,229 stock units and rose 60 cents higher to $12.70. Lasco Distributors  finished 20 cents higher at $4, exchanging 32,593 units, Lasco Financial  settled  with a loss of 1 cent at $4.20, trading 60,136 shares, Lasco Manufacturing  ended trading 53,600 shares, with a loss of 29 cents at $3.10,  SSL Venture Capital ended with a loss of 1 cent at $1.94, with an exchange of 5,300 shares and  Stationery and Office  concluded trading of 11,000 shares with a loss of 90 cents 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 main market drops – Thursday

February 7, 2019 by

Trading picked up over that on Wednesday on the main market of the Jamaica Stock Exchange ended on Thursday with JSE All Jamaican Composite Index falling by 1,009.17 points to 407,175.49 and the JSE Index declining by 918.47 points to 370,989.95.
Main market activity ended with, 4,986,769 units valued at $74,552,633, in contrast with 2,541,810 units valued at $57,485,785 on Wednesday.
The main and US markets traded a total of 31 securities, with prices of 13 rising, 9 declining with 9 remaining unchanged, compared to 34 securities trading on Wednesday.
JMMB Group 7.5% preference share led trading with 2,001,000 units for 40 percent of the day’s volume, followed by Jamaica Broilers with 1,531,165 shares and accounting for 21 percent of the total main market volume changing hands and Wisynco Group with 589,188 stock units for 12 percent of the day’s volume.
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 5 closing with lower offers.
An average of 184,695 units valued at $2,761,209, in contrast to 42,483 units valued at $1,358,497 on Wednesday. The average volume and value for the month to date amounts to 523,805 units valued $16,891,062 and previously, 523,805 units valued $16,891,062. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
In main market activity, Barita Investments fell $1.52 to close at $49.48, with 5,691 shares changing hands, Caribbean Cement shed 95 cents to finish at $42.05, trading 15,476 shares, Jamaica Broilers dropped $3.51 in trading of 1,531,165 units, to close at $29. Jamaica Stock Exchange closed trading with 35,508 units changing hands, with a rise of 45 cents to a record close of $13.95. JMMB Group concluded trading with 12,319 shares but rose 80 cents to $32.80, Kingston Wharves lost $1.10 and settled at $68.90, with 6,557 units changing hands, 138 Student Living rose 41 cents to $3.40, in trading 1,000 units, PanJam Investment rose $1 to end at $75 with 11,974 units changing hands. Sagicor Group fell by 20 cents in trading 30,407 stock units, to close at $38.55, Scotia Group climbed $2.94 and finished trading of 59,319 shares at $53.99 and Seprod lose $1.41 to end at $34.92 with an exchange of 13,581 shares.
Trading in the US dollar market resulted in 10,022 units valued at US$4,728 changing hands. JMMB Group 6% preference share concluded trading with a gain of 2 cents to settle at $1.06 with 950 units, JMMB Group 5.75% preference share finished with a rise of 1 cent to $2 with 486 shares trading, JMMB Group 5.5% preference share settled ended at $2 with 486 shares and Proven Investments traded 8,100 units and rose 1 cent to close at 22 US cents. The JSE USD Equities Index was unchanged at the close at 169.42.

Filed Under: Company News Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Junior stocks slip on low volume -Thursday

February 7, 2019 by

Trading volume fell a sharp 63 percent on the Junior Market of the Jamaica Stock Exchange on Thursday leading to a fall of 18.02 points in the market index to close at 3,156.02.
Trading ended with 25 securities changing hands, similar to Wednesday and resulted in prices of 10 securities advancing, 11 declining and 3 remaining unchanged.
Market activity resulted in an exchange of 917,451 units down 63 percent compared to the 2,474,682 units traded previously. Traded value dropped 56 percent to $3,945,523 from $8,912,227 on Wednesday.
Trading ended with an average of 36,698 units for an average of $157,821 in contrast to 98,987 units for an average of $356,489 on Wednesday. The average volume and value for the month to date, amounts to 89,199 shares valued $325,469 and previously 102,324 shares valued $367,381. In contrast, the average trade in January was 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 higher bids than their last selling prices and 4 closing with lower offers.
At the close of the day’s activities, AMG Packaging ended with a loss of 5 cents at $2.40, in trading 55,380 stock units, Blue Power concluded trading of 27,801 units, with a loss of 1 cent in closing at $5, Cargo Handlers settled with a loss of 10 cents at $14.90, with an exchange of 721 shares. Caribbean Producers finished trading 7,440 units at $4.70, Consolidated Bakeries closed with a loss of 33 cents at $1.70, with 12,997 shares changing hands. Derrimon Trading ended at $2.95, with an exchange of 1,500 shares, Dolphin Cove concluded trading of 10,086 shares, with a loss of 70 cents at $14.80, Everything Fresh finished 5 cents higher at $1.60, with the trading of 11,216 stock units, Elite Diagnostic settled 2 cents higher at $3.13, with 5,000 units changing hands. FosRich Group traded 37 cents higher at $3.97, with 490 shares, Fontana ended trading 391,687 shares and rose 1 cent higher to $3.61,  General Accident closed with a loss of 4 cents at $3.90, in exchanging 41,719 stock units, GWest Corporation ended with a loss of 1 cent at $1.44, while trading of 66,734 units. Honey Bun traded 6,015 shares with a loss of 16 cents to end at $3.73, Indies Pharma finished 5 cents higher to $3, with 51,480 shares changing hands, Jamaican Teas traded 2,000 units and rose 15 cents higher to close at $4, Jetcon Corporation finished trading of 2,000 shares with a loss of 10 cents at $3.15. Knutsford Express traded 37,816 stock units with a loss of 60 cents to end at $12.10, Lasco Distributors  closed at $3.80, with 15,000 units changing hands, Lasco Financial  settled 1 cent higher at $4.21, with an exchange of 2,400 shares, Lasco Manufacturing  ended trading 3,086 shares 9 cents higher to $3.39. Main Event  traded 15 cents higher at $5.70, with 100,000 shares changing hands, Medical Disposables  finished trading with a loss of 10 cents at $6.50, with an exchange of 58,183 stock units and SSL Venture Capital ended 20 cents higher at $1.95, with 2,000 shares. In the Junior Market preference segment, CAC 2000 9.5% closed at $1, with 4,700 shares changing hands.

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

 

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

Robust JSE main market gain – Wednesday

February 6, 2019 by

Trading on the main market of the Jamaica Stock Exchange ended on Wednesday with JSE All Jamaican Composite Index climbing 1,683.64 points to 408,184.66 and the JSE Index advancing by 1,532.33 points to close at 371,908.42.
Main market activity ended with just 2,541,810 units valued at $57,485,785, in contrast with 1,062,072 units valued at over $33,962,415 on Tuesday.
The main and US markets traded a total of 34 securities, with prices of 7 rising, 12 declining with 15 remaining unchanged, compared to 29 securities trading on Tuesday.
Supreme Ventures led trading with 622,892 units for 24.5 percent of the day’s volume, followed by Wisynco Group with 539,782 shares and accounting for 21 percent of the total main market volume changing hands and JMMB Group 7.5% preference share with 415,445 stock units for 16 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 6 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
An average of 81,994 units valued at an average of $1,854,380, in contrast to 42,483 units valued at $1,358,497 on Tuesday. The average volume and value for the month to date amounts to 523,805 units valued $16,891,062 and previously, 684,936 units valued at $22,375,029. Trading for January resulted in an average of 101,980 units valued at $3,042,494, for each security traded.
In main market activity, Barita Investments fell 40 cents to close at $51, with 158,787 shares changing hands, Jamaica Broilers fell by 49 cents in trading of 21,422 units at $32.51, Jamaica Stock Exchange closed trading with 46,997 units changing hands with a rise of 50 cents to $13.50. Kingston Wharves gained 80 cents and settled at $70.00, with 3,678 units changing hands, 138 Student Living rose 68 cents to $2.99, in trading 100 units, PanJam Investment lost $1 to end at $74 with 4,680 units changing hands. Sagicor Group fell by 25 cents trading 22,412 stock units, to close at $38.75, Scotia Group lost $1.95 and finished trading of 16,288 shares at $51.05 and Seprod lost 99 cents to end at $33.51 with an exchange of 12,894 shares.
Trading in the US dollar market resulted in 61,777 units valued at $6,450 changing hands. Margaritaville  ended trading 477 shares at 24 US cents, Proven Investments traded 6,300 units and rose 1 cent to close at 22 US cents and Sygnus Credit Investments closed trading of 55,000 units to close at 9 US cents. The JSE USD Equities Index advanced 0.33 points to close at 169.42.

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

Junior Market inched higher on Wednesday

February 6, 2019 by

Fontana still dominating Junior Market trading.

The Junior Market index of the Jamaica Stock Exchange inched 4.37 points higher to 3,174.04 at the end of trading on Wednesday, as the prices of 7 securities rose, 12 declined and 6 remained unchanged.
Trading ended with 25 securities changing hands, compared to 27 securities on Tuesday, resulting in an exchange of 2,474,682 units valued at $8,912,227, compared to 2,965,697 units valued at $11,127,007 on Tuesday. Fontana continues to trade in large volumes, ending the day with just under 1.9 million units changing hands.
Trading ended with an average of 98,987 units for an average of $356,489 in contrast to 109,841 units for an average of $412,111 on Tuesday. The average volume and value for the month to date, amount to 102,324 shares valued $367,381 and previously 103,436 shares valued $371,012. In contrast, the average trade in January was 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 2 stocks ended with higher bids than their last selling prices and 3 closing with lower offers.
At the close of the day’s activities, AMG Packaging ended trading of 239,150 stock units, with a loss of 15 cents at $2.45, CAC 2000 finished trading 919 shares at $13, Caribbean Cream ended trading 4,664 shares at $5.95, Caribbean Flavours traded 100 stock units with a loss of 3 cents at $16. Caribbean Producers finished trading with a loss of 5 cents at $4.70, with 16,054 units changing hands, Derrimon Trading ended with an exchange of 1,100 shares at $2.95, Dolphin Cove climbed 45 cents higher to $15.50 in concluding trading of 1,896 shares, Everything Fresh finished with a loss of 5 cents at $1.55, with an exchange of 10,000 stock units. Elite Diagnostic settled 1 cent higher at $3.11, in exchanging 60,616 units, Express Catering traded 39,576 shares, with a loss of 4 cents to close at $7.90, FosRich Group fell 16 cents to $3.60 in exchanging 5,000 shares, Fontana rose 10 cents to close at $3.60, trading 1,863,585 shares. General Accident closed with a loss of 6 cents at $3.94, with 3,960 stock units trading, Honey Bun  concluded trading of 21,701 shares, and closed 14 cents higher at $3.89, Indies Pharma ended trading at $2.95, with 82,351 units, Jamaican Teas closed trading with 5,600 stock units after declining 15 cents at $3.85. Jetcon Corporation  closed at $3.25, with 13,000 units changing hands, KLE Group closed 10 cents higher at $3.20, after trading 530 shares, Knutsford Express ended at $12.70, with an exchange of 15,039 shares, Lasco Distributors lost 20 cents to close at $3.80, with 20,683 stock units changing hands. Lasco Financial finished with a loss of 40 cents at $4.20, with an exchange of 42,118 units, Lasco Manufacturing settled 7 cents higher at $3.30, in trading 11,813 shares, Main Event ended trading 2,000 shares, with a loss of 7 cents to close at $5.55, Stationery and Office ended at $8.40, trading 10,000 shares and tTech finished with a loss of 5 cents at $5.80, as 3,227 shares changed hands.

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

 

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JSE trading volume drops 95% on Tuesday

February 5, 2019 by

The main market of the Jamaica Stock Exchange major indices roseat the close on Tuesday, but with sharply lower volume that dropped 95 percent from Monday’s levels.
Main market activity ended with just 1,062,072 units valued at over $33,962,415, in contrast with 22,820,352 units valued at $1,138,660,815 on Monday.
At the close, the All Jamaican Composite Index advanced by 335.04 points to end at 406,501.02 and the JSE Index gained 304.93 points to close at 370,376.09.
The main and US markets traded a total of 29 securities, with prices of 9 rising, 11 declining with 9 remaining unchanged, compared to 32 securities trading on Monday.
Scotia Group led trading with 216,870 units for 24 percent of the day’s volume, followed by Mayberry Jamaican Equities with 140,980 units and accounting for 22 percent of the total main market volume changing hands and Supreme Ventures with just 86,305 units for 8 percent of the day’s volume.
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 3 closing with lower offers.
An average of 42,483 units valued at $1,358,497, in contrast to 786,909 shares valued at $39,264,166 on Monday. The average volume and value for the month to date amounts to 684,936 units valued at  $22,375,029 and previously 952,625 units valued at $31,131,917. Trading for January resulted in an average of 101,980 units valued at $3,042,494, for each security traded.
In main market activity, Jamaica Broilers jumped $3 to finish trading of 66,896 units at $33, Jamaica Producers lost $1 to close at $22, with 12,548 shares changing hands, Jamaica Stock Exchange closed trading with 62,328 units changing hands with a rise of 35 cents to $13, JMMB Group fell 50 cents to close at $32, trading 10,248 shares. Kingston Wharves gained 80 cents and settled at $70.00, with 3,678 units changing hands, Sagicor Group fell 99 cents trading 53,111 stock units, to close at $39, Salada Foods jumped $1.25 to $39.25 in trading 1,067 units. Scotia Group lost 97 cents and finished trading of 216,870 shares at $53 and Seprod rose $1.48 cents to end at $34.50 with an exchange of 20,208 shares.
Trading in the US dollar market resulted in 236,650 units valued at $83,993 changing hands. JMMB 5.75% preference share traded 5,000 units and lost 1 cent to end at a 52 weeks’ low of US$1.99, JMMB 6% preference share concluded trading of 52,960 units at US$1.04, Proven Investments traded 26,040 units and rose 1 cent to close at 22 US cents and Sygnus Credit Investments closed trading of 152,650 units to close at 9 US cents. The JSE USD Equities Index advanced 3.46 points to close at 169.09.

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