12 Junior Market stocks rise 7 fall – Thursday

November 29, 2018 by

Trading on the Junior Market of the Jamaica Stock Exchange ended trading on Thursday with 23 securities changing hands, resulting in an exchange of 4,094,002 units valued at over $9,912,290 compared to 2,866,572 units valued at $7,184,147 on Wednesday from 24 securities.
The day’s volume was swollen by 2.53 million units of SSL Venture Capital, the other development of note is that Key Insurance that traded 568,000 million units with a bid for 949,000 units on the bid at $4.15.
At the close of market activities, the prices of 12 securities advanced, 7 declined and 4 remained unchanged. The Junior Market Index declined by 6.94 points to close at 3,171.50.
Trading ended with an average of 178,000 units for an average of $430,969 in contrast to 119,441 units for an average of $299,339 on Wednesday. The average volume and value for the month to date amounts to units 190,807 units valued at $666,313 and previously 191,443 units valued at $657,797. October, ended with an average of 69,421 units valued at $347,455 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 5 with lower offers.
 At the close of the market, Access Financial ended with a loss of $4 at $45.50, trading 1,274 shares, AMG Packaging ended 5 cents higher at $1.95, with 208,388 stock units trading, Cargo Handlers settled $1.10 higher at $14, with 1,000 shares changing hands, Caribbean Cream ended trading 8,362 shares after rising 5 cents to end at $5.30, Caribbean Producers finished trading of 22,287 units with a loss of 9 cents at $5.35. Consolidated Bakeries closed at $2.14, with an exchange of 21,635 shares, Derrimon Trading ended 35 cents higher at $2.85, swapping 7,500 shares, Elite Diagnostic finished 6 cents higher at $3.11, with 17,449 stock units being exchanged, Everything Fresh traded 109,600 shares after falling 4 cents and closed at $1.51, Express Catering ended trading 6,340 shares at $8. GWest Corporation closed with a loss of 3 cents at $1.55, trading 12,000 stock units, Honey Bun ended 15 cents higher at $4.15, with 58,500 units changing hands, Indies Pharma traded 137,347 shares in closing at $3, Jamaican Teas settled 40 cents higher at $4.40, in exchanging 5,530 shares, Jetcon Corporation ended trading 52,959 stock units and rose 50 cents to close at $4. Key Insurance traded 15 cents higher at $4.15, with 568,144 units changing hands, Lasco Distributors ended with a loss of 10 cents at $3.80, with 232,796 shares trading, Lasco Financial concluded trading of 18,200 stock units and rose 15 cents to $5.15, Lasco Manufacturing finished 2 cents higher at $3.50, with 51,893 units. Medical Disposables ended trading of 100 shares at $6.20, SSL Venture Capital fell 6 cents in trading 2,526,362 shares to end at $1.74, Stationery and Office finished trading 24,738 stock units and declined $1.20 to close at $8.20, and tTech ended 30 cents higher at $5.30, with 1,598 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: , , , , , , , , , , , , , , , , , , , , , , , , , ,

All Jamaica hits record 427,000 points

November 29, 2018 by

The main market of the Jamaica Stock Exchange, has scaled several new highs this trading on Thursday morning on its record run that resulted in the JSE All Jamaican Composite Index hitting a record high of 426,298.79 points after rising 7,810.80 and the JSE index gaining 7,116.53 to 388,406.43 after just 51 minutes into the trading day.
The All Jamaica Composite Index has since broken the 427,000 points mark. The market opened up at the start of trading with gains of 1,433.80 points for the All Jamaica Composite Index and 1,306.36 for the JSE Index.
The opening high follows Wednesday’s trading when the JSE All Jamaican Composite Index closed at a new all-time high of 418,487.99 and JSE Index ended at 381,289.90.
Barita Investments traded at a new high of $24.01 to more than double for the year so far, NCB Financial now trades at $150 and Sagicor Group at $51.92 haven risen sharply to a record high, Scotia Group trades at $60..
The Junior Market continues under some selling pressure is not sharing in the strong gains of the more matured companies and declined by 8.22 a point to 3,170.22.

Filed Under: Breaking News, JSE Combined, Stock Market Tagged With: , , , , , , ,

All Jamaica hits record 424,461 points

November 29, 2018 by

The main market of the Jamaica Stock Exchange, gained in early trading on Thursday and now trades at a record high of 424,461.33 points after rising 5,973.34 while the JSE index rose 5,442.39 to now sit at 386,732.29 after just 15 minutes into the trading day.
The market opened up at the start of trading with gains of 1,433.80 points for the All Jamaica and 1,306.36 for the JSE Index.
The opening high follows Wednesday’s trading when the JSE All Jamaican Composite Index closed at a new all-time high of 418,487.99 and JSE Index ended at 381,289.90.
Barita Investments traded at a new high of $24 to more than double for the year so far, NCB Financial now traded up to$150 and Sagicor Group at $47.
The Junior Market continues under some selling pressure is not sharing in the strong gains of the more matured companies and declined by less than a point to 3,177.54.
Since posting the stroy the main market has moved higher with Sagicor Group trading at $51.95.

Filed Under: Breaking News, JSE Combined, Stock Market Tagged With: , , , , , ,

JSE pushes to new record close – Wednesday

November 28, 2018 by

The main market of the Jamaica Stock Exchange, surged 11,005.53 points on Wednesday, the most, ever, leading the All Jamaica Index to close at a record high of 418,487.99 and the JSE Index rose 10,027.28 points to close at a record high 381,289.90.
Strong gains in Grace Kennedy, NCB Financial Group that ended at a record close of $149.99, Kingston Wharves, PanJam Investment that traded at a record high of $72 and Sagicor Group were the main contributor to the market’s record move.
Market activity ended with 3 securities closing at record highs as 27 securities in the main and US dollar markets changed hands, compared to a 29 on Tuesday. At the end, prices of 14 stocks rose, 7 declined and 6 remained unchanged.
The main market ended with 62,089,588 units valued at over $136,855,615 changing hands, compared with 5,592,346 units valued at $176,485,571 exchanged, on Tuesday.
The main market ended with 1834 Investments leading with 59,001,000 units, accounting for 95 percent of the day’s trades, followed by Wisynco Group with 1,542,114 units or 20.5 percent of the day’s volume and Sagicor Group with 459,741 units.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than the last selling prices and 3 closing with lower offers.
Trading resulted in an average of 2,299,614 units valued at over $5,068,726, in contrast to 207,124 shares valued at $6,536,503 on Tuesday. The average volume and value for the month to date, amounts to 410,125 valued at $7,009,413, compared to 319,025 valued at $7,107,722. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In main market activity, Barita Investments rose 35 to a record close of $23, with 37,495 shares trading, Grace Kennedy rose $3 in trading of 25,765 shares at $58, Jamaica Broilers lost $1, trading 113,869 stock units at $29, Jamaica Producers shed 40 cents to close at $24.10, trading of 23,670 shares, Kingston Wharves jumped $2.96 in trading 6,302 shares to end at $78. NCB Financial Group jumped $5.11 to end trading of 77,697 shares at record close of $149.99, PanJam Investment jumped $3 to record close of $70, with an exchange of 38,202 stock units, Sagicor Group rose $1.01 trading 459,741 shares at $45.01, Scotia Group traded 48,016 shares and shed $1 to close at $59 and Supreme Ventures rose 29 cents to end at $16.99, with an exchange of 82,913 shares. There were no trades in the US dollar market.

 

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

NCB record $145, Barita record $22.65 – Tuesday

November 27, 2018 by

NCB Financial Group ended at a new record close of $144.88 on the Jamaica Stock Exchange on Monday while Barita Investments jumped to a high of $22.65 on a day when the market indices gained the most points in a single day.
The main market took flight with the All Jamaica Index having the highest gain in a day, surging 10,574.31 points to close at 407,482.46, while the JSE Index jumped 9,634.39 points to 371,262.62. Market activity closed with 2 securities closing at record highs as 29 securities in the main and US dollar markets changed hands, compared to a 31 on Monday. At the end, prices of 14 stocks rose, 8 declined and 7 remained unchanged.
The main market ended with 5,592,346 units valued at  $176,485,571 changing hands, compared with 6,956,000 units valued at $513,002,473 exchanged, on Monday.
The main market ended with Seprod leading with 1,850,546 units, accounting for 33 percent of the day’s trades, followed by Wisynco Group with 1,125,534 units or 20 percent of the day’s volume and Scotia Group with 865,661 units or just 15.5 percent of the overall volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and 4 closing with lower offers.
Trading resulted in an average of 207,124 units valued at over $6,536,503, in contrast to 239,862 shares valued at $17,689,740 on Monday. The average volume and value for the month to date, amounts to 319,025 valued at $7,107,722, compared to 324,693 valued at $7,138,202. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In main market activity, Barita Investments rose $1.65 to close at record $22.65, with 72,505 shares trading, Berger Paints ended trading of 23,778 units but lost $1.05 to $18, Caribbean Cement lost $4.75 to close at $43.25 in trading just 2,000 shares, Grace Kennedy shed $1 in trading of 903 shares at $55, Jamaica Broilers rose $1.50, trading 339,292 stock units at $30, Jamaica Stock Exchange gained 49 cents to close at $9.90, trading of 880 shares, JMMB Group fell 49 cents to $32.51, with an exchange of 87,335 shares,  Mayberry Jamaica Equities lost 50 cents trading 78,806 shares in closing at $9.20, NCB Financial Group jumped $4.89 to end trading  at record close of $144.88 with 84,352 shares, PanJam Investment jumped $3 to $67, with an exchange of 127,085 stock units, Sagicor Group rose $4 trading 260,532 shares at $44, Scotia Group traded 865,661 shares and gained $3.90 to close at $60, Seprod added 25 trading of 1,850,546 shares, to close at $32 and Supreme Ventures lost 29 cents to end at $16.70, with an exchange of 196,680 shares.
Trading in the US dollar market amounted to 31,000 units valued at $15,630 as JMMB Group 5.75% preference share close trading with 5,000 units to gain 10 cents to close at US$2.10 and Proven Investments ended trading of 27,000 shares at 19 U$ cents. The JSE USD Equities Index closed with a fall of 1.90 at 159.44.

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Record $140 for NCB on JSE – Monday

November 26, 2018 by

NCB investors are having a great 2018 with the stock trading at record levels.

NCB Financial Group ended at a new record close of $139.99 after trading at $140 after trading 2.85 million shares that accounted for 41 percent of the day’s volume on the Jamaica Stock Exchange on Monday.
The main market lost flight with the All Jamaica Composite Index declining 2,474.72 points to 396,908.15, while the JSE Index dropped 2,254.75 points to close at 361,628.23. Market activity closed with 2 securities ending at record highs and one at a 52 weeks’ low as 31 securities in the main and US dollar markets trading, compared to a same number on Friday. At the end prices of 12 stocks rose, 11 declined and 8 remained unchanged.
The main market ended with 6,956,000 units valued at $513,002,473 changing hands, compared with 37,219,908 units valued at $266,712,510 exchanged, on Friday.
The main market ended with NCB Financial leading with 2,849,956 units, followed by Kingston Wharves with 1,169,281 units or 16.8 percent of the day’s volume and 1834 Investments with 629,240 units or just 9 percent of the overall volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and 1 closing with a lower offer.
Trading resulted in an average of 239,862 units valued at over $17,689,740, in contrast to 1,283,445 shares valued at $9,196,983 on Friday. The average volume and value for the month to date, amounts to 324,693 valued at $7,138,202, compared to 329,574 valued at $6,496,704. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In main market activity, Barita Investments rose $1 to close at record $21, with 254,431 shares trading, Caribbean Cement gained $3 to close at $48 in trading 15,885 shares, Grace Kennedy gained $1 in trading of 59,338 shares at $56, Jamaica Broilers lost $1.15, trading 32,172 stock units at $28.50, Jamaica Stock Exchange declined 54 cents to close at $9.41, trading of 9,469 shares, JMMB Group fell $1 to $33, with an exchange of 52,392 shares, Jamaica Producers gained 49 cents and finished trading of 21,734 units at $24.50, Kingston Wharves dropped $3 to finish at $75, with 1,169,281 stock units changing hands, Mayberry Jamaica Equities rose $1.20 trading 126,123 shares in closing at $9.70, NCB Financial Group jumped $3.49 to end trading  at record close of $139.99 with 2,849,956 shares, 138 Student Living traded 125,595 shares and declined by 14 cents to end a 52 weeks’ low of $3.35, PanJam Investment jumped $3.15 to $64, with an exchange of 63,718 stock units, Sagicor Group rose $1 and finished trading at $40, with 8,157 shares, Seprod added $1.73 trading of 63,529 shares, to close at $31.75 and Supreme Ventures gained 99 cents to end at $16.99, with an exchange of 30,541 shares.

Trading in the US dollar market amounted to 483,208 units valued at $94,621 as Margaritaville with 10,800 units to close at 25 US cents and Proven Investments ended trading of 472,408 shares at 19 U$ cents. The JSE USD Equities Index closed with a rise of 1.47 at 161.34.

 

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

4 new entrants in IC Top 10

November 26, 2018 by

Seprod shares now trades at $32 each.

There are three changes to the TOP 10 main market list and one Junior Market stock. Increased prices during the week, pushed out Access Financial, Salada Foods, Stanley Motta and Scotia Group.
Medical Disposables returns to the TOP 10 Junior Market list with the price at $6.20, down from $7.50 the previous week, as it pushed out Access that rose to $52 during last week. Berger Paints and Seprod moved up modestly in price but that was not sufficient to prevent them from returning to the TOP, with other stocks rising in price during the week. Palace Amusement also returned to the TOP 10 main market list.
For the nine months to September, Seprod generated $15.50 billion in revenues, an increase of $3.36 billion or 28 percent over the similar period in 2017. Net profit for the period was $970 million, an increase of $387 million or 66 percent over 2017. Earnings per share came out at $2.03 with the third quarter rising to 85 cents from 38 cents in 2017. For the full year earnings could hit $3 per share. That should put the stock back in the $40 range before too long.
Berger Paints profit for the nine months to September was below expectations, with $9 million profit in the third quarter versus $54 million in 2017 and $43 million for the nine months to September, down sharply from $143 million in 2017. The company now enters the busiest period of the year when the bulk of income and profits are made. Last year company was closed for sales for several days for stock taking in December, resulting in lost sales and profit. The company should not suffer the same fate this year as the new owners would be aware of the problem and work at preventing same. That should result in better sales and profit than in the 2017 final quarter. In the final quarter of 2016 pretax profit was $233 million compared to just $67 million for the similar period in 2017, when the disruptions occurred.
The main market closed the week with the overall PE remains at 15.3, the PE of the Junior market is at 15.5.
The PE ratio for Junior Market Top 10 stocks average 9 and the main market PE is now 9.3.
The TOP 10 stocks now trade at an average discount of 42 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 39 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: , , , , , , , , , , , , , , , , , , ,

NCB still stock to watch

November 26, 2018 by

NCB had a good 2018 fiscal year with strong profit gains.

NCB Financial is in the news since it released record full year results and announced a dividend of 70 cents per share at the end of the first week in November, and was followed with the announcement that the way is cleared for them to go after another 22 percent of Trinidad and Tobago based Guardian Holdings.
In the past week news came that there were big insider trades in the stock. There is increased buying interest in the stock. Where the price will be in the short term is anyone’s  guess.

The main market All Jamaica Composite index is a shade away from 400,000 points at the close of the week, is recovering from recent low of 383,883.07 points on November 7, having fallen 8 percent from the record high of 418,450.70 on October 12. The market looks poised to move higher as the main sell off might be over, but there are few stocks that seems likely to gain this week.
Technical chart shows NCB Financial heading to $155 but it traded at new high of $138 during the past week which is not very far from the target of potential resistance. Whether it goes higher during the coming days is anyone’s guess but it is worth watching with all the positive news its getting as well as increased buying.

Some of Seprod’s products.

 Seprod pulled back from the record high of $62 a few weeks ago, to sit at $30.10, now that the public offer of shares has closed with the issue oversubscribed. The stock could move higher in the days or weeks ahead. Selling from those who bought in the public offer may keep the price anchored around current price for a while before the selling subsides.

Investors should be keeping their eyes on Scotia Group. Last year they released full year results on December 7 and can be expected to release this year’s, on the 6th, investors could well anticipate them and drive the stock ahead of the release. Currently, there are no Junior Market stock that seems set to move much at this time.

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

Stanley Motta trades 37M shares on JSE – Friday

November 23, 2018 by

Site plan of Stanley Motta’s 58 Half Way Tree Road.

Stanley Motta traded nearly 34 million on the Jamaica Stock Exchange on Friday, helping
Site plan of Stanley Motta’s 58 Half Way Tree Road.to push the overall volume to 37,219,908 units valued at $266,712,510 changing hands, compared with 5,027,724 units valued at $221,393,103 being exchanged, on Thursday.
Market activity closed with 31 active securities in the main and US dollar markets trading, compared to a same number on Thursday, as the prices of 7 stocks rose, 15 declined and 9 remained unchanged.
Despite the higher level of stocks declining than advancing, the All Jamaica Index advanced 2,887.52 points to 399,382.8, while the JSE Index climbed 2,630.85 points to close at 363,882.98.
The main market ended with Stanley Motta trading 33,898,200 units and cornering 91 percent of the day’s volume, followed by Seprod with 798,795 units for just 2 percent of traded volume and Jamaica Producers with 784,515 units, also with just 2 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than the last selling prices and 2 closing with lower offers.
Trading resulted in an average of 1,283,445 units valued at an average of $9,196,983 for each security traded, in contrast to 173,370 units valued at an average of $7,634,245 on Thursday. The average volume and value for the month to date, amounts to 329,574 valued at $6,496,704, compared to 271,338 valued at $6,321,909. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In main market activity, Berger Paints lost 68 cents in trading 20,220 shares to close at $19, Caribbean Cement gained $2 to close at $45 in trading 25,662 shares, Grace Kennedy fell $2.50 and ended trading of 58,498 shares at $55, JMMB Group rose $1 to $34, with an exchange of 49,596 shares, Jamaica Producers gained 51 cents and finished trading of 784,515 units at $24.01, Mayberry Jamaica Equities lost $1.50 in trading 34,691 shares in closing at $8.50, NCB Financial Group lost 50 cents and ended trading of 108,686 shares at $136.50 after trading at a record high of $138, 138 Student Living traded 35,189 shares and declined by 31 cents to a 52 weeks’ low of $3.50, PanJam Investment rose 25 cents to $61.85, with an exchange of 14,747 stock units, Proven Investments ended with a loss of 50 cents at $26.50, with just 100 units changing hands, Sagicor Group lost $1 and finished trading at $39, with 37,364 shares, Seprod dropped $1.98 trading of 798,795 shares, to close at $30.02 and Supreme Ventures lost 50 cents to end at $16, with an exchange of 74,822 shares.
Trading in the US dollar market amounted to 65,911 units valued at over $32,014 as JMMB  Group 6% USD with 22,671 units and rose 1 cent to close at us$1.05 and Proven Investments ended trading of 43,240 shares at 19 U$ cents. The JSE USD Equities Index closed unchanged at 159.87.

 

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

JSE stocks move higher on Thursday

November 22, 2018 by

NCB stock jumped $2.50 to close at $137

Investors pushed the Jamaica Stock Exchange main market higher on Thursday, with the All Jamaica Index advancing 3,867.21 points to 396,495.35, while the JSE Index climbed 3,523.47 points to close at 361,252.13.
Market activity closed with 31 active securities in the main and US dollar markets, compared to 31 on Thursday, as the prices of 14 stocks rose, 6 declined and 11 remained unchanged.
The main market ended with PANJAM Investmenttrading 2,381,110 units in cornering 47.4 percent of the day’s volume, followed by Sygnus Credit Investments with 1,035,523 units, 20.6 percent of the day’s volume and Seprod with 591,309 units for 11.8 percent of traded volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and 5 closing with lower offers.
Trading ended with 5,027,724 units valued at over $221,393,103 changing hands, compared with 11,783,312 units valued at $255,248,656 being exchanged, on Wednesday.
Trading resulted in an average of 173,370 units valued at an average of $7,634,245 for each security traded. In contrast to 406,321 units for an average of $8,801,678 on Wednesday. The average volume and value for the month to date, amounts to 271,338 valued at $6,321,909, compared to 277,708 valued at $6,231,079. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In main market activity, Caribbean Cement gained $1 to close at $43 in trading of 20,852 shares, Carreras gained 50 cents to $9.50, trading 28,890 shares, Grace Kennedy rose $2.50 and ended trading of 13,464 shares at $57.50, JMMB Group rose $1.24 to $33, with an exchange of 21,745 shares, Jamaica Producers gained 95 cents and finished trading of a mere 190 units at $23.50, NCB Financial Group climbed $2.50 and ended trading of 211,790 shares, at $137,  PanJam Investment fell 40 cents to $61.60, with an exchange of 2.38 million stock units, Portland JSX ended with a loss of 69 cents at $7.80, with 34,300 units changing hands, Sagicor Group rose $1 and finished trading of 169,960 shares at $40, Seprod gained $1.99 trading of 591,309 shares, to close at $32 and Sygnus Credit Investments added 49 cents and ended at $10.99, with an exchange of 1.04 million shares.
Trading in the US dollar market amounted to 10,664 units valued at $1,746 as Proven Investments end trading of 7,167 shares at 19 U$ cents and Sygnus Credit Investments USD share ended with 3,467 units changing hands at 11 US cents after rising by a cent. The JSE USD Equities Index gained 1.05 points down to close at 159.87.

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