JSE stocks gave up most of Tuesday’s gains

Investors pushed the Jamaica Stock Exchange main market sharply down on Wednesday, with the All Jamaica Index diving 5,128.43 points to 392,628.14 and JSE Index dropped 4,672.58 points, to close at 357,728.66.
Market activity closed with 3 active securities in the main and US dollar markets, compared to 32 on Thursday with the prices of 12 stocks rose, 7 declined and 12 remained unchanged.
Main market closed with Carreras trading 5,246,517 units in cornering 44.5 percent of the day’s volume, followed by JMMB Group 7.5% preference share with 3,560,341 units and 32 percent of the day’s volume and NCB Financial with just under 1,123,415 units for 9.5 percent of traded volume.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ending with the bid higher than the last selling prices and 1 closing with a lower offer.
The market closed with much more trading volume and value than on Tuesday as 11,783,312 units valued at $255,248,656 changed hands, compared with 12,215,304 units valued  at $798,389,015 being exchanged, on Tuesday.
Trading resulted in an average of 406,321 units valued at over $8,801,678, in contrast to 436,261 shares valued at $28,513,893 on Tuesday. The average volume and value for the month to date, amounts to 277,708 valued at $6,231,079, compared to 268,764 valued at $6,039,932. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In the main market activity, Berger Paints gained 67 cents and closed at $19.68, trading 650 shares, Caribbean Cement dropped $8 to close at $42 in trading of 17,402 shares, Grace Kennedy ended trading at $55, with 7,826 shares, JMMB Group declined $1.20 to $31.80, with an exchange of 28,707 shares, Jamaica Producers gained 55 cents and finished trading of 600 units at $22.55, Jamaica Stock Exchange lost 45 cents and closed at $10, with an exchange of 66,537 shares. NCB Financial Group lost $1.49 and ended trading at $134.50, with 1.1 million shares, PanJam Investment fell $2 in closing at $62, with an exchange of 5,991 stock units, Portland JSX ended at $8.49, after gaining 68 cents with 5,736 units, Seprod gained $1.01 to end trading of 273,687 shares at $30.01, Sterling Investments rose 50 cents to close at $20.50, with 4,456 shares trading and Supreme Ventures added 50 cents and ended at $16.50, with an exchange of 28,417 shares.

Trading in the US dollar market amounted to 29,838 units valued at $5,593 as JMMB Group 6% traded 1,040 units to close at $1.04, Proven Investments end trading of 25,000 shares at 19 U$ cents and Sygnus Credit Investments USD share ended with 850 units changing hands at 10 US cents after rising by a cent. The JSE USD Equities Index gained 1.05 points down to close at 158.82.

 

JSE stocks making strong recovery

The Jamaica Stock Exchange main market indices were pushed sharply higher on Tuesday, sending the All Jamaica Index surging 5,742.86 points to 397,756.57 and JSE Index jumped 5,232.40 points to close at 362,401.24, thanks partially to jump in the price of NCB Financial.
Market activity closed with 32 active securities in the main and US dollar markets, compared to 30 on Thursday with the prices of 13 stocks rose, 9 declined and 10 remained unchanged.
Main market trading closed with JMMB Group leading with 5,977,409 units, or 49 percent of the day’s volume and NCB Financial with just under 4.29 million units and 35 percent of volume traded.
IC bid-offer Indicator|At the end of trading, the Choice bid-offer indicator reading shows 3 stocks ending with the bid higher than the last selling prices and 7 closing with lower offers.
The market closed with much more trading volume and value than on Monday as 12,215,304 units valued at over $798,389,015 changed hands, compared with 8,566,949 units valued at $433,399,089 being exchanged, on Monday.
Trading resulted in an average of 436,261 units valued at over $28,513,893, in contrast to 295,412 shares valued at $14,944,796 on Monday. The average volume and value for the month to date, amounts to 268,764 valued at $6,039,932, compared to 256,707 valued at $4,301,615. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In the main market activity, Barita Investments gained 74 cents and closed at $19.75, trading 2,000 shares, Carreras concluded trading of 10,257 units and lost 32 cents at $9.50, Caribbean Cement jumped $7.75 to close at $50 in trading of 7,325 shares, PanJam Investment rose $2.30 in closing at $64, with an exchange of 62,978 stock units, Sagicor Group advanced by $2 to $39 with an exchange of 3,563 shares, Sagicor Real Estate Fund gained 30 cents and settled at $11.75, trading 3,880 shares, Scotia Group gained $2.99 trading 31,977 to close at $55.99, Seprod shed 50 cents to end trading of 156,060 shares at $29.50 and Sterling Investments  fell 50 cents and closed at $20, with 3,094 shares.
Trading in the US dollar market amounted to 43,400 units valued at over $18,506 as JMMB Group 6.00% traded 12,100 units losing 1 cent to close at $1.04, Productive Business Solution traded 1,000 shares at 59 US cents, Proven Investments closed the trading of 25,000 shares at 19 U$ cents and Sygnus Credit Investments USD share ended with 5,300 units changing hands and rose 1 cent to 9 US cents..
The JSE USD Equities Index inched 0.02 points down to close at 157.77.

Main market stocks jump – Tuesday

Investors pushed the Jamaica Stock Exchange main market ending sharply higher on Tuesday, and sending the All Jamaica Index surging 5,742.86 points to 397,756.57 and JSE Index jumped 5,232.40 points to close at 362,401.24.
Market activity closed with 28 active securities in the main and US dollar markets, compared to 29 on Monday.
Main market trading closed with JMMB Group leading with 5,977,409 units, to close at $31.75 and NCB Financial with just under 4,29 million units s the price ended at $135.99.
The Junior Market rose in trading on Tuesday with Index to climbing 28.23 points to close at 3,234.31 on a day of moderate trades as 21 securities traded with Lasco Manufacturing trading the most with 296,410 shares changing hands.

Main market stocks make gains – Monday

Grace new HQ close to the end of construction in downtown Kingston

Stocks remained volatile in trading on the Jamaica Stock Exchange on Monday, but the main market indices closed higher with the All Jamaica Index ending 3,162 points ahead of Friday’s close closing much lower than the 9,168.21 points it put on, 30 minutes after trading opened.
Market activity closed with 30 active securities in the main and US dollar markets, compared to 30 on Friday with the prices of 11 stocks rose, 14 declined and 5 remained unchanged.
The All Jamaica Composite Index jumped 3,162.03 points to 392,013.71 and the JSE Index advanced 2,880.96 points to close at 357,168.84.
Main market trading closed with Grace Kennedy leading with 7,016,055 units, or just less than 82 percent of the day’s volume, PanJam Investment with 305,749 units with and 3.6 percent of volume traded.
IC bid-offer Indicator|At the end of trading, the Choice bid-offer indicator reading shows just 7 stocks ending with the bid higher than the last selling prices and 2 closing with lower offers.
The market closed with much more trading volume and value than on Friday as 8,566,949 units valued at $433,399,089 changed hands, compared with 7,711,871 units valued at $172,980,680 being exchanged, on Friday.
Trading resulted in an average of 295,412 units valued at over $14,944,796, in contrast to 275,424 shares valued at $6,177,881 on Friday. The average volume and value for the month to date, amounts to 256,707 valued at $4,301,615, compared to 253,590 valued at $3,374,731. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In the main market activity, Berger Paints rose 40 cents and ended at $19, trading 5,200 stock units, Carreras concluded trading of 32,622 units and rose of 50 cents at $9.50, Caribbean Cement dropped $7.75 to close at $42.25 in trading of 28,547 shares, Grace Kennedy rose $1 to end trading 7 million shares to close at $54, Jamaica Producers dipped $2.51 to end at $22, trading 4,130 shares, JMMB Group declined $1.20 to $31.80, with an exchange of 28,707 shares, PanJam Investment dropped $4 in closing at $61.70, with an exchange of 305,749 stock units, Sagicor Group gave up $1.50 and settled at $37 with an exchange of 130,395 shares, Sagicor Real Estate Fund lost 55 cents and settled at $11.45, trading 28,900 shares, Salada Foods rose $1 to close at $21.50 trading 6,300 shares, Scotia Group dropped $2.99 trading 31,977 to close at $53, Seprod gained $1 to end trading of 150,547 shares at $29.50,  traded 8,063 shares and rose Stanley Motta 70 cents to $5.25, Sterling Investments climbed 75 cents to $20.50, trading 1,100 shares and Supreme Ventures lost 99 cents and ended at $16, with an exchange of 44,431 shares.

Trading in the US dollar market amounted to 17,541 units valued at $3,348 as Proven Investments was the sole stock trading and ended at 19 U$ cents.
The JSE USD Equities Index inched 0.36 points higher to close at 157.79.

NCB is stock to watch

NCB Financial, released record full year results and announced an interim dividend of 70 cents per share at the end of the first week in November to be followed this past week, with the announcement that the way is cleared for them to go after another 22 percent of Trinidad and Tobago based Guardian Holdings on Friday with the NCB stock closing at a record high of $137.99.
The stock could make more gains in the week if demands picks up. Technical chart shows NCB Financial heading to $155, an area of potential resistance. The added Guardian ownership will add to earnings per share for the NCB group in the short term but longer-term synergies exits to take advantage of that should add even more to the bottom-line.
With just about all companies releasing quarterly results there is not much firepower that was released to move prices one way or the other, price movements will be more determined by perceived levels of under or overvaluation of individual stocks.
Investors should be keeping their eyes on Seprod that has seen increased supply with the recent public share issue having been allocated, the stock is considered a good buy at current trading of $30 or less. The company also posted results showing strong gains for the nine months. Stationery and Office Supplies that reported third quarter results that started to benefit from profit from the new book manufacturing business and continued strong sales growth. The stock price may well have factored in the good news but supply for sale seems limited.

Access & Iron Rock back into IC Top 10

Thee are no change to the TOP 10 main market list. The Junior Market has two changes with Iron Rock Insurance and Access Financial returning to the TOP 10, while Stationery and Office Supplies (SOS) and Dolphin Cove moved out.
IC Insider.com lowered the earnings per share for the two that moved out, based on the most recent release of interim results. In addition, SOS moved up in price following the release of nine months results.
Last week’s big new the entry, Scotia Group moved from $50 to close at $55.95 and now awaits the full year results which be out soon, for more direction. Based on IC Insider.com forecast Scotia is set to earn around $4.60 for the 2018 year to October with the PE at just 11 times earnings.
Earnings for General Accident have been adjusted down to 40 cents per share with the latest results now out, but it still holds on to the TOP 10.
The main market closed the week with the overall PE remains at 15.3, the PE of the Junior market is at 15.6 from the prior week.
The PE ratio for Junior Market Top 10 stocks average 9.4 and the main market PE is now 9.7.
The TOP 10 stocks now trade at an average discount of 40 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.

NCB jumps sharply to a new record – Friday

NCB closed at a record high on Friday.

The Jamaica Stock Exchange closed on Friday, with NCB Financial Group jumping $7.58 and ended trading 585,404 shares at record $137.99, after the Financial Securities commission of Trinidad announced clearance for NCB to proceed with the acquisition of up to nearly 52 percent of Guardian Holdings.
Market activity closed with 30 active securities in the main and US dollar markets, compared to 32 on Thursday with the prices of 14 stocks rose, 10 declined and 6 remained unchanged.
The All Jamaica Composite Index lost 1,646.73 points to 388,851.68 and the JSE Index declined by 1,500.36 points to close at 354,287.88.
Main market trading closed with Carreras leading with 4,106,737 units, or 53 percent of the day’s volume, JMMB Group 7.25% preference shares with 862,000 units with and 11 percent of volume traded and NCB Financial with 585,404 units accounting for 7.6 percent of main market volume.
IC bid-offer Indicator|At the end of trading, the Choice bid-offer indicator reading shows just 7 stocks ending with the bid higher than the last selling prices and 2 closing with lower offers.
The market closed with much more trading volume than on Thursday, as 7,711,871 units valued at $172,980,680 changed hands, compared with 3,304,274 units valued at $77,547,412 being exchanged, on Thursday.
Trading resulted in an average of 275,424 units valued at over $6,177,881, in contrast to 110,142 shares valued at $2,584,914 on Thursday. The average volume and value for the month to date, amounts to 253,590 valued at $3,374,731, compared to 251,748 valued at $3,117,393. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In the main market activity, Caribbean Cement jumped $4 to close at $50 in trading of 48,646 shares, Grace Kennedy fell 60 cents to end trading of 63,596 shares at $55, Jamaica Producers gained $1.50 to end at $24.51, trading 650,876 shares, Jamaica Stock Exchange lost 84 cents, in closing at $10.16, trading 96,393 shares, JMMB Group declined $1 to $33, with an exchange of 231,551 shares, Kingston Wharves rose $1.90 to $77.90 trading 2,683 shares, Mayberry Investments rose 43 cents to settle at $10, in exchanging 46,773 units, NCB Financial Group jumped $7.58 and ended trading of 585,404 shares at $137.99. PanJam Investment gained 60 cents in closing at $65.70, with an exchange of 40,135 stock units, Sagicor Real Estate Fund rose 50 cents and settled at $12, trading 12,010 shares, Salada Foods lost $1 to close at $20.50 as 19,000 shares traded, Scotia Group rose $2.49 trading 100,792 to close at $55.99, Seprod lost $1 to end trading of 209,641 shares at $28.50 and Supreme Ventures added 49 cents and ended at $16.99, with an exchange of 100 shares.
Trading in the US dollar market amounted to 52,105 units valued at $12,214. JMMB Group completed trading at $1.05 with 2,704 stock units and Proven investments completed trading 49,401 shares and lost 1 cent to end at 19 U$ cents and rose 0.5 cents. The JSE USD Equities Index fell 2.22 points to close at 157.43.

Falling stocks dominate JSE main market – Thursday

The Jamaica Stock Exchange main market lost more ground on Thursday, with volume exceeding Wednesday’s levels by a wide margin.
Market activity closed with 32 active securities in the main and US dollar markets, compared to 33 on Wednesday with the prices of 8 stocks rose, 18 declined and 6 remained unchanged.
The All Jamaica Composite Index lost 299.44 points to end at 390,498.41 and the JSE Index declined by 272.83 points to close at 355,788.24.
Main market trading closed with Jamaica Producers leading with 650,876 units, or 19.7 percent of the day’s volume, Seprod with 616,205 units and 18.7 percent of volume traded and 1834 Investments with 443,270 units accounting for 13.4 percent of main market volume.
IC bid-offer Indicator|At the end of trading, the Choice bid-offer indicator reading shows just 2 stocks ending with the bid higher than the last selling prices and 3 closing with lower offers.
The market closed with much trading volume than on Wednesday as 3,304,274 units valued at $77,547,412 changed hands, compared with 7,229,792 units valued at $190,325,727 being exchanged, on Wednesday.
Trading resulted in an average of 110,142 units valued at over $2,584,914, in contrast to 225,931 shares valued at $5,947,679 on Wednesday. The average volume and value for the month to date, amounts to 251,748 valued at $3,117,393, compared to 265,815 valued at $3,175,481. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In the main market activity, Barita Investments lost $1 to close at $19, trading 140,000 shares, Berger Paints lost $1.40 and ended at $18.60, with 6,680 stock units, Caribbean Cement dived $4 to close at $46 in trading of 500 shares, Grace Kennedy rose 60 cents to end trading of 10,836 shares at $55, Jamaica Producers dipped 99 cents to end at $23.01, trading 650,876 shares, Jamaica Stock Exchange lost 84 cents, in closing at $10.16, trading 96,393 shares, JMMB Group rose $1.60 to $34, with an exchange of 63,957 shares, Kingston Wharves dropped $2 to $76 trading 14,080 shares, Mayberry Investments shed 43 cents to settle at $9.57, in exchanging 13,638 units, NCB Financial Group rose 40 cents and ended trading of 164,248 shares at $130.41. PanJam Investment gained 60 cents in closing at $65.10, with an exchange of just 1,775 stock units, Sagicor Group declined 90 cents to $38.65, trading 37,603 shares, Sagicor Real Estate Fund fell 98 cents and settled at $11.50, trading 64,571 shares, Scotia Group rose $4.70 trading 90,583 to close at $55.99, Seprod rose $2.50 to end trading 616,205 shares at $29.50, Sterling Investments lost 75 cents and closed at $19.75, trading 800 shares, Supreme Ventures lost 50 cents and ended at $16.50, with an exchange of 156,532 shares and Sygnus Credit Investments Jamaican dollar based ordinary share dropped 95 cents in trading 33,550 units at $11.05.
Trading in the US dollar market amounted to 40,126 units valued at $5,783. Proven investments completed trading 21,126 shares to end at 20 U$ cents and rose 0.5 cents and Sygnus Credit Investments US dollar based ordinary share dropped 2 cents in trading 19,000 units at an all-time low of 8 US cents. The JSE USD Equities Index fell 3.13 points to close at 159.65.

Palace plunged $500 on Wednesday

Palace Dropped $500 back to $1,000.

After months with no trades, with investors offering the stock well below that last traded price of $1,500, Palace Amusement finally traded but with just 100 units, the trade took place on The Jamaica Stock Exchange on Wednesday for $500 less than the previous traded price. 
Market activity closed with 33 active securities in the main and US dollar markets, compared to 30 on Tuesday with the prices of 10 stocks rose, 9 declined and 14 remained unchanged.
The All Jamaica Composite Index lost 139.79 points to close at 390,797.85 and the JSE Index declined by 127.37 points to close at 356,061.07.
Main market trading closed with Jamaica Broilers leading with 2,506,851 units, or 34.7 percent of the day’s volume, Scotia Group with 1,533,780 units and 21 percent of volume traded and Radio Jamaica with 1,002,700 units accounting for 13.9 percent of main market volume.
IC bid-offer Indicator|At the end of trading, the Choice bid-offer indicator reading shows just 3 stocks ending with the bid higher than the last selling prices and 5 closing with lower offers.
Trading closed with 7,229,792 units valued at $190,325,727 changing hands compared with 2,275,042 units valued at $61,431,938 being exchanged, on Tuesday.
Trading resulted in an average of 225,931 units valued at over $5,947,679, in contrast to 81,252 shares valued at $2,193,998 on Tuesday. The average volume and value for the month to date, amounts to 265,815 valued at $3,175,481, compared to 270,542 valued at $2,810,418. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In the main market activity, Barita Investments shed 50 cents to close at $20, trading 12,416 shares, Berger Paints shed $2.95 and ended at $20, trading 3,500 stock units, Caribbean Cement climbed $1 to close at $50 in trading of 13,030 shares, Grace Kennedy lost 70 cents and ended trading 63,596 shares at $55. Jamaica Broilers traded 40,054 stock units and rose $1.32 to close at $30, Jamaica Stock Exchange gained 50 cents, in closing at $11, trading 277,496 shares, JMMB Group fell 50 cents and ended at $32.50, with an exchange of 36,416 shares, Kingston Wharves climbed $2 to $78 trading 20,100 shares, Mayberry Investments added 43 cents to settle at $10, in exchanging 26,167 units, NCB Financial Group dropped $1.99 in trading of 91,041 shares at $130.01. Palace Amusement traded just 100 units but fell $500 in closing at $1,000, PanJam Investment lost $1.20 in closing at $64.50, with an exchange of just 3,690 stock units, Pulse Investments rose 60 cents in trading 3,000 units at $3.60, Sagicor Group rose 55 cents to $39.55, trading 222,240 shares, Salada Foods gained 50 cents and settled at $21.50, trading 14,000 shares, Scotia Group traded 1,533,780 shares and declined $1.70 at $48.80 and Seprod dived $8 to end trading 4,389 shares at $27.
Trading in the US dollar market saw Proven investments as the sole stock to trade and completed trading of a mere 367 shares and rose 0.5 cents to end at 20 U$ cents.The JSE USD Equities Index rose 1.86 points to close at 162.78.

JSE main market down again on Tuesday

The Jamaica Stock Exchange main market lost ground on Tuesday but with the advancing stocks just edged out declining stocks by one.
Market activity closed with 30 active securities in the main and US dollar markets, compared to 29 on Monday with the prices of 10 stocks rose, 9 declined and 11 remained unchanged.
The All Jamaica Composite Index lost 1,977.46 points to close at 390,937.64 and the JSE Index declined by 1,801.69 points to close at 356,188.44.
Main market trading closed with Scotia Group leading with 498,076 units, or 22 percent of the day’s volume, Wisynco Group with 438,385 units and 19 percent of volume traded and Mayberry Jamaican Equities with 420,374 units accounting for 18.5 percent of main market volume.
IC bid-offer Indicator|At the end of trading, the Choice bid-offer indicator reading shows just 3 stocks ending with the bid higher than the last selling prices and 5 closing with lower offers.
Trading closed with 2,275,042 units valued at $61,431,938 changing hands compared with 2,530,491 units valued at $58,080,585 being exchanged, on Friday.
Trading resulted in an average of 81,252 units valued at over $2,193,998, in contrast to 93,722 shares valued at $2,151,133 on Monday. The average volume and value for the month to date, amounts to 270,542 valued at $2,810,418, compared to 292,443 valued at $2,890,696. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In the main market activity, Barita Investments gained 50 cent to close at $20.50, trading 550 shares, Caribbean Cement jumped $5 to close at $49 in trading of 18,535 shares, Jamaica Producers gained $1 to end at $24, trading 15,800 shares, JMMB Group fell 90 cents and ended at $33, with an exchange of 110,598 shares, Kingston Wharves dropped $2 to $76 trading 4,800 shares, Mayberry Investments shed 43 cents to settle at $9.57, in exchanging 32,704 units, NCB Financial Group lost $1 and ended trading 127,194 shares at $132, after trading at a 52 weeks’ high of $135.01. PanJam Investment gained $1.70 in closing at $65.70, with an exchange of just 500 stock units, Sagicor Group rose 50 cents to $39, trading 13,945 shares, Sagicor Real Estate Fund gained 50 cents and settled at $12.50, trading 297 shares and Seprod fell $1 and finished trading 4,833 shares at $35.
Trading in the US dollar market ended with 12,200 units valued at over US$20,506 traded, Proven investments completed trading of 429,681 shares and fell 3.5 cents to end at 19.5 U$ cents and Sygnus Credit Investments traded 2,500 units after falling 1 cent to 10 US cents. The JSE USD Equities Index declined by 14.71 points to close at 160.92.