VM Investments dominates JSE’s trading

March 5, 2018 by

VM Investments closes at a new high on Monday.

Victoria Mutual Investments dominated trading on the Main Market activity on the Jamaica Stock Exchange on Monday, accounted for 60.4 percent of total shares traded and closed at a record high of $4.85.
Market activity on Monday fell well below that on Friday but the market indices climbed much higher even as advancing stocks just edged out declining ones. The main market ended with 26 securities changing hands, ending with 10 securities rising, 8 falling, 8 trading firm. The JSE All Jamaican Composite Index surged 2,130.17 points to 320,257.64 and the JSE Index adding 1,940.83 points to 291,790.92.
Trading ended with 4,116,289 units valued at $49,819,783 changing hands, versus 115,025,659 units valued at $1,171,809,500 on Friday.
In main market activity, Barita Investments closed at $7.50, with 10,345 shares traded, Berger Paints ended 7 cents higher at $19.07, with 63,799 stock units, Carreras finished at $11, with 18,161 shares, Caribbean Cement settled with a loss of 4 cents at $33.05, with 9,961 shares, Ciboney Group ended trading 3 cents higher at 10 cents, with 35,000 shares. Grace Kennedy traded with a loss of $2 at $44, with 4,300 stock units, Jamaica Broilers finished trading with a loss of 12 cents at $18.88, with 11,324 units, Jamaica Producers closed at $15, with 39,031 shares, Jamaica Stock Exchange ended 15 cents higher at $6.70, with 2,250 units changing hands. JMMB Group concluded trading with a loss of $1 at $25, with 288,866 shares, Kingston Properties finished at $6.65, with 680 stock units, Kingston Wharves settled with a loss of $2.25 at $39.75, with 298,752 units, Mayberry Investments ended trading 41 cents higher at $5.41, with 1,450 shares. NCB Financial Group traded with a loss of 30 cents at $99.20, with 66,155 shares, PanJam Investment ended at $41.50, with 14,567 units, Pulse Investments finished with a loss of 7 cents at $1.78, with 2,500 shares, Sagicor Group ended trading 40 cents higher at $37.50, with 32,719 stock units. Scotia Group finished trading 88 cents higher at $50.90, with 1,240 shares, Sterling Investments ended $1 higher to $14, with 4,300 shares, Supreme Ventures concluded trading with a loss of 45 cents at $11.50, with 159,366 stock units, Victoria Mutual Investments finished 40 cents higher at a new high of $4.85, with 2,484,967 units. Wisynco Group settled 25 cents higher at $10.50, with 525,358 shares and Sagicor Real Estate Fund ended trading at $17, with 37,978 shares. In the main market preference segment, Jamaica Money Market 7.5% traded at $1.95, with 1,220 stock units, JMMB Group 7.5% closed at 99 cents, with 1,000 shares, Proven Investments settled 10 cents higher at $6, with 1,000 units, changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE main market sharply higher – Monday.”

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Partial recovery for JSE majors – Friday

March 2, 2018 by

Rising prices on the main market of the Jamaica Stock Exchange had the upper hand at the close of trading on Friday, with an advance delcie ratio of 3 to 2.
At the close, the JSE All Jamaican Composite Index in gaining 796.36 points to 318,127.47 and the JSE Index adding 725.57 points to end at 289,850.09.
Trading on Friday closed with 27 securities changing hands leading to 11 advancing, 8 declining and 8 trading firm, in the main and US dollar markets.
The securities with the largest price changes include, Berger Paints that dropped $2.35 to $19, Caribbean Cement falling $2.99 to $33.01, Grace Kennedy jumping $2 to $46, Jamaica Producers losing $2 to $15, JMMB Group that climbed $1.99 to $26, Sagicor Real Estate Fund jumping $1 to a record $17 and Scotia Group with a fall of $1.98 to $50.02.
Main market activity ended with 115,025,659 units valued at $1,171,809,500 compared to 22,773,292 units valued at $377,866,606 on Friday. Wisynco Group accounted for 111,757,051 changing hands, followed by Ciboney Group with 1,851,345 units.
Trading results in an average of 4,424,064 shares valued at $45,069,596 for each security traded, in contrast to 875,896 shares valued at $14,533,331 on Thursday. For the month to date an average of 2,649,980 units valued at $29,801,464 traded. In contrast, February closed with average of 213,336 units valued at $3,392,475 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 bids higher than their last selling prices and 2 with lower offers.
Trading in the US dollar market ended with Proven Investments concluded trading at 21.5 US cents, down from 21.94 cents with 101,500 units changing hands with a value of US$21,823 as the market index slipped 2.05 points to 169.56.

For more details of market activities see – Wisynco trades 112 million shares on JSE – Friday.

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Wisynco trades 112M shares on JSE – Friday

March 2, 2018 by

NCB Capital Markets, Stanley Thompson (left) exchanges laughs with Wisynco, Chairman William Mahfood, Wisynco CEO Andrew Mahfood & PWC’s Fiona Hyman

Wisynco Group dominated trading on the main market activity on the Jamaica Stock Exchange on Friday as the recently listed stock accounted for 111.76 million units changing hands.
The big trade by in Wisynco Group, pushed trading in the overall market to 115,025,659 units valued at $1,171,809,500 versus 22,773,292 units valued at $377,866,606 on Thursday.
With the second and third largest shareholders accounting for 37.7 million units each, the seller of the bulk of the shares traded came from Wisynco Group Caribbean Ltd with just over 2.88 billion units. The trade reduced the majority holdings to just over 74 percent of the total shares issued.
Activity on the main market of the Jamaica Stock Exchange ended with 26 securities changing hands, ending with 11 securities rising, 7 falling, 8 trading firm. The JSE All Jamaican Composite Index rose 796.36 points to 318,127.47 and the JSE Index advanced by 725.57 points to 289,850.09.
In the main market activity, Barita Investments closed at $7.50, with 6,200 shares changing hands, Berger Paints ended with a loss of $2.35 at $19, with 6,550 stock units, Cable & Wireless concluded trading 9 cents higher at $1.10, with 110,691 units exchanged, Carreras finished 5 cents higher at $11, with 82,757 shares, Caribbean Cement settled at 8 cents more at $33.09, with 4,074 shares. Ciboney Group ended trading with a loss of 3 cents at a 52 weeks’ low of 7 cents, with 1,851,345 shares trading, Grace Kennedy climbed $2 to end at $46, with 4,168 stock units, Jamaica Broilers finished trading at $19, with 38,638 units, Jamaica Producers closed with a loss of 2 cents at $15, with 338,051 shares. Jamaica Stock Exchange ended at $6.55, with 1,500 shares, JMMB Group concluded trading in jumping $1.99 to $26, with 35,818 shares, Kingston Properties finished at $6.65, with 2,059 stock units trading, Mayberry Investments ended trading with a loss of 45 cents at $5, in exchanging 2,283 shares. NCB Financial Group traded at $99.50, with 6,795 shares, 1834 Investments finished trading for 4 cents more at $1.19, with 6,534 shares, PanJam Investment gained 20 cents to end at $41.50, with 5,965 units, Portland JSX concluded trading at $10, with 506 shares. Radio Jamaica settled with a loss of 2 cents at $1.08, with 55,760 shares, Sagicor Group ended trading after rising 59 cents at $37.10, with 35,845 stock units, Sagicor Real Estate Fund traded $1 higher at record high of $17, with 58,784 shares, Scotia Group finished trading with a loss of $1.98 at $50.02, with 142,058 shares, Supreme Ventures finished 19 cents higher at $11.95, with 55,000 units. Victoria Mutual Investments settled at $4.45, trading 216,227 shares, Wisynco Group lost 45 cents to end at $10.25, with 111,757,051 shares traded and in the main market preference segment, Jamaica Money Market 7.5% traded at $1.95, with 1,000 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Partial recovery for JSE majors – Friday.”

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JSE main market in sharp drop – Thursday

March 1, 2018 by

Carreras traded most shares on Thursday, with more than 7M units changing hands.

Fresh from vested interest hiking some prices at the close of the previous month the Main Market of the Jamaica Stock Exchange closed the first day of March with a big fall as prices returned to more normal levels on Thursday.
At the close, the JSE All Jamaican Composite Index dived sharply by 3,876.54 points to 317,331.11 and the JSE Index sank 3,531.97 points to end at 289,124.52.
Trading on Thursday closed 28 securities changing hands with 9 advancing, 13 declining and 5 trading firm, in the main and US dollar markets.
The securities with the largest price changes include, Berger Paints rising $1.35 to $21.35, Caribbean Cement falling $2.99 to $33.01, Jamaica Producers rising $1.90 to $17, JMMB Group that dropped by $1.99 to $24.01, Sagicor Group with a fall of 99 cents to $36.51 and Salada Foods with a decline of $1 to $10.50.
Main market activity ended with 22,773,292 units valued at $377,866,606 compared to 5,402,156 units valued at$66,110,510 on Thursday. Carreras accounted for 7,029,473 units changing hands, or 30.87 percent of the total volume traded, followed by Ciboney Group with 4,963,048 units representing 21.79 percent of the market volume and JMMB Group with 4,190,962 units or 18.40 percent of units traded and Grace Kennedy with 4,047,260 shares.
Trading results in an average of 875,896 shares valued at $14,533,331 for each security traded, in contrast to 200,080 shares valued at $2,448,537 on Wednesday. In contrast, February closed with average of 213,336 units valued at $3,392,475 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Trading in the US dollar market ended with Margaritaville concluded trading added 1 cent and settled at 20 US cents with 2,322 units and Sterling Investments fell 3 cents and ended at closed a 52 weeks’ low of 9 US cents with 1,000 shares. Overall, trading closed with just 3,322 shares with a value of US$554 as the market index slipped 0.94 points to 171.61.

For more details of market activities see – JSE volume jump sharply on Thursday.

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JSE volume jumped sharply on Thursday

March 1, 2018 by

Main Market activity on the Jamaica Stock Exchange jumped sharply on Thursday, ending trading on with 22,773,292 units valued at $377,866,606 changing hands versus 5,402,156 units valued at $66,110,510 on Wednesday.
Main Market of the Jamaica Stock Exchange Market activity ended with 26 securities traded ending with 10 securities rising, 12 falling, 5 trading firm, leading to market indices to a huge fall. The JSE All Jamaican Composite Index dropped 3,876.54 points to 317,331.11 and the JSE Index collapsed 3,531.97 points to 289,124.52.
In the main market activity, Barita Investments closed 50 cents higher at $7.50, with 5,708 shares, Berger Paints jumped $1.35 to close at $21.35, with 32,521 stock units, Cable & Wireless concluded trading with a loss of 20 cents at $1.01, with 288,269 units, Carreras finished at $10.95, with 7,029,473 shares, Caribbean Cement settled with a loss of $2.99 at $33.01, while exchanging 39,375 shares. Ciboney Group ended trading at 10 cents, with 4,963,048 shares, Grace Kennedy traded with a loss of 25 cents at $44, with 4,047,260 stock units, Jamaica Broilers finished trading 2 cents higher at $19, with 11,908 units, Jamaica Producers closed $1.90 higher at $17, with 32,106 shares. Jamaica Stock Exchange ended with a loss of 45 cents at $6.55, trading 3,000 shares, JMMB Group concluded trading with a loss of $1.99 at $24.01, after 4,190,962 shares were swapped, Kingston Properties finished at $6.65, with 384 stock units, Kingston Wharves settled at $42, trading 1,908 units. Mayberry Investments ended trading 44 cents higher at $5.45, with 2,000 shares, NCB Financial Group traded with a loss of 50 cents at $99.50, with 69,631 shares, PanJam Investment rose 30 cents to $41.30, with 49,336 units, Pulse Investments finished with a loss of 14 cents at $1.85, with 200,000 shares changing hands. Radio Jamaica settled 1 cent higher at $1.10, with 580 shares, Sagicor Group ended with a loss of 99 cents at $36.51, trading 41,250 stock units, Sagicor Real Estate Fund ended trading at $16, with 59,513 shares Salada Foods fell $1 to $10.50, with 687,500 units, Scotia Group finished trading at $52, with 27,741 shares. Supreme Ventures concluded trading with a loss of 19 cents at $11.76, with 34,690 stock units, Victoria Mutual Investments finished with a loss of 1 cent at $4.45, with 454,250 units and Wisynco Group settled with a loss of 79 cents at $10.70, with 456,979 shares. In the main market preference segment, JMMB Group 7.5% rose 14 cents and closed at 99 US cents with 43,900 shares.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE main market in sharp drop – Thursday.”

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JSE majors in month end jump – Wednesday

February 28, 2018 by

Wisynco had the largest trades.

The Main Market of the Jamaica Stock Exchange closed the last day of the month on a high note with the JSE All Jamaican Composite Index rising 1,154.95 points to 321,207.65 and the JSE Index advancing by 1,052.29 points to 292,656.49, in what has become a usual month end rally.
Trading on Wednesday closed 28 securities changing hands with 12 advancing, 8 declining and 8 trading firm, in the main and US dollar markets.
The securities with the largest price changes include, Berger Paints ending with a gain of $1.50 to $20, Caribbean Cement rising $1 to $36, JMMB Group up by $1 to $26, NCB Financial Group traded 95 cents higher at $100, Salada Foods with a gain of $1 higher to $11.50, Wisynco Group settling at $1.19 higher to $11.49 and Scotia Group lost $1 to close at $52. Sagicor Real Estate Fund traded at an intraday all-time high of $17 but closed at $16 and JMMB Group 7.5% preference share closed a 52 weeks’ low of 85 cents.
Main market activity ended with 8,204,593 units valued at $66,110,510 compared to 8,204,593 units valued at $155,870,781 on Wednesday. Wisynco Group accounted for 60.5 percent of the total volume traded in the with 3,266,124 stock units followed by Ciboney Group with 658,995 units or 12.2 percent and Caribbean Cement with 359,865 shares.
Trading results in an average of 200,080 shares valued at $2,448,537 for each security traded, in contrast to 282,917 shares valued at $5,374,855 on Tuesday. The average volume and value for the month to date amounts to 213,336 units valued at $3,392,475 and previously, 214,033 units valued at $3,445,024. In contrast, January closed with average of 349,084 units at an average of $5,801,440 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Trading in the US dollar market ended with Productivity Business trading 5,000 shares and rose 2 cents to close at 60 US cents with a value of US$3,000 as the market index rose 1.84 points to 172.55.

For more details of market activities see – JSE rise on reduced volume on Wednesday.

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JSE rise on reduced volume on Wednesday

February 28, 2018 by

Main Market activity on the Jamaica Stock Exchange remained elevated on Wednesday, ending trading on with 5,402,156 units valued at $66,110,510 changing hands versus 8,204,593 units valued at $155,870,781 on Tuesday.
Main Market of the Jamaica Stock Exchange Market activity ended with 27 securities traded ending with 11 securities rising, 8 falling, 8 trading firm. The JSE All Jamaican Composite Index climbed 1,154.95 points to 321,207.65 and the JSE Index advanced by 1,052.29 points to 292,656.49.
In the main market activity, Barita Investments closed with a loss of 70 cents at $7, with 20,270 shares, Berger Paints ended $1.50 higher at $20, with 71,216 stock units, Cable & Wireless concluded trading with a loss of 4 cents at $1.21, with 109,384 units, Carreras finished at $10.95, with 54,081 shares, Caribbean Cement settled $1 higher at $36, with 359,865 shares. Ciboney Group ended trading at $0.10, with 658,995 shares, Grace Kennedy traded 25 cents higher at $44.25, with 4,213 stock units, Jamaica Broilers finished trading at $18.98, with 158,864 units, Jamaica Producers closed with a loss of 40 cents at $15.10, with 5,232 shares. Jamaica Stock Exchange ended 55 cents higher at $7, with 4,150 shares, JMMB Group concluded trading $1 higher at $26, with 29,850 shares, Kingston Wharves settled with a loss of 60 cents at $42, with 46,183 units, Mayberry Investments ended trading 29 cents higher at $5.01, with 5,100 shares. NCB Financial Group traded 95 cents higher at $100, with 31,179 shares,138 Student Living ended at $5.50, with 100 shares changing hands, PanJam Investment ended at $41, with 4,880 units, Portland JSX Fund concluded trading with a loss of 22 cents at $10, with 2,000 shares, Radio Jamaica settled with a loss of 1 cent at $1.09, with 45,953 shares. Sagicor Group ended trading 50 cents higher at $37.50, with 68,614 stock units, Sagicor Real Estate Fund ended trading at $16, after hitting an intraday all-time high of $17, with 24,139 shares trading. Salada Foods traded $1 higher at $11.50, with 50,000 units, Scotia Group finished trading with a loss of $1 at $52, with 39,787 shares, Sterling Investments ended at $13, with 3,240 shares. Supreme Ventures concluded trading at $11.95, with 21,100 stock units, Victoria Mutual Investments finished 7 cents higher at $4.46, with 247,305 units, Wisynco Group settled $1.19 higher at $11.49, with 3,266,124 shares and In the main market preference segment, JMMB Group closed a 52 weeks’ low of 85 cents higher after losing 15 cents, with 70,332 shares changing hands.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “”JSE majors in month end jump – Wednesday.

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JSE trading jumps higher on Monday

February 27, 2018 by

Main Market activity on the Jamaica Stock Exchange picked up sharply on Monday, ending with more than twice the volume and value of trading on Friday as 9,756,068 units valued at over $152,399,537 changed hands versus 4,322,228 units valued at over $69,892,327 Friday.
Main Market of the Jamaica Stock Exchange Market activity ended with 27 securities traded ending with 9 securities rising, 10 falling, 8 trading firm, leading to market indices to just eking out a moderate fall. The JSE All Jamaican Composite Index fell by 296.85 points to 318,961.81 and the JSE Index lost 270.46 points to 290,610.27.
In the main market activity, Berger Paints ended 50 cents higher at $17.75, with 8,158 stock units, Cable & Wireless concluded trading 14 cents higher at $1.39, with 1,106,514 units, Carreras finished $10.85 higher at $10.85, with 539,399 shares, Caribbean Cement settled $1.45 higher at $33, with 50,831 shares, Ciboney Group ended trading at 10 cents, with 1,199,900 shares. Grace Kennedy traded 51 cents higher at $43.51, with 545,333 stock units, Jamaica Broilers finished trading at $18.55, with 905,895 units, Jamaica Producers closed with a loss of 14 cents at $15.01, with 1,748,275 shares, Jamaica Stock Exchange ended with a loss of 55 cents at $6.45, with 750 shares. JMMB Group concluded trading 40 cents higher at $25, with 20,794 shares, Kingston Wharves settled with a loss of 15 cents at $42.45, with 674 units, Mayberry Investments ended trading 10 cents higher at $4.85, with 1,200 shares, NCB Financial Group traded with a loss of 1.02 cents at $98.97, with 11,830 shares. 1834 Investments finished trading with a loss of 8 cents at $1.20, with 11,000 shares, Palace Amusement closed at $560, with 100 stock units, PanJam Investment ended 25 cents higher at $41, with 670 units, Pulse Investments finished with a loss of 19 cents at $1.80, with 28,096 shares. Radio Jamaica settled 5 cents higher at $1.10, with 1,141,002 shares, Sagicor Group ended trading with a loss of 54 cents at $36.01, with 1,912,055 stock units and Sagicor Real Estate Fund ended trading at $14.50, with 5,150 shares Scotia Group finished trading with a loss of 50 cents at $53, with 6,955 shares, Seprod closed at $29.05, with 2,879 shares. Supreme Ventures concluded trading with a loss of 20 cents at $11.70, with 75,366 stock units, Victoria Mutual Investments finished with a loss of 9 cents at $4.30, with 141,829 units and Wisynco Group settled 10 cents higher at $10.50, with 96,567 shares. In the main market preference segment, Jamaica Money Market traded with a loss of 5 cents at $1.95, with 9,365 stock units, JMMB Group closed with a loss of 2 cents at $1, with 55,500 shares, 138 Student Living ended with a loss of 60 cents at $5.40, with 129,981 shares changing hands.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE main market fell on Monday.”

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JSE main market lost ground again – Monday

February 26, 2018 by

NCB lost ground following the lapsing of the offer to acquire majority shares in Guardian Holdings.

The Main Market of the Jamaica Stock Exchange closed down on for the second time in two days on Monday, with JSE All Jamaican Composite Index dropping 296.85 points to 318,961.81 and the JSE Index falling 270.46 points to 290,610.27.
Trading on Monday closed 28 securities changing hands with 8 advancing, 14 declining and 6 trading firm in the main and US dollar markets.
The securities with the largest price changes include, Caribbean Cement with a gain of $1.45 to $33 and NCB Financial that traded with a loss of $1.02 to end at $98.97 after the acquisition deal to buy up to 62 percent of Guardian Holding was cancelled due to investigations into the deal being carried out by the securities commission of Trinidad.
Main market activity ended with 9,756,068 units valued at over $152,399,537 compared to 4,322,228 units valued at $69,892,327 on Monday. Sagicor Group accounted for 19.6 percent of shares traded with 1,912,055 units, followed by Jamaica Producers 17.9 percent with 1,748,275 units and Ciboney Group with 12.3 percent and ending trading with 1,199,900 shares.
Trading results in an average of 348,431 shares valued at $5,442,841 for each security traded, in contrast to 160,083 shares valued at $2,588,605 on Friday. The average volume and value for the month to date amounts to 213,111 units valued at $3,322,294 and previously, 204,802 units valued at $3,183,567. In contrast, January closed with average of 349,084 units at an average of $5,801,440 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 bids higher than their last selling prices and 4 with lower offers.
There was no trading in the US dollar market.
For more details of market activities see – JSE trading jumps higher on Monday.

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tTech, LasFin & Blue Power in TOP 10

February 26, 2018 by

The Junior Market is up 7.5 percent for the year to date, helped considerably by three new listings since late December and recovery in the prices of three Lasco companies and a few others.
Investors pushed Treasury bill rates sharply down by 22 percent from 4.63 in December to 3.593 percent in February, while the central bank cut their overnight rates in sympathy to 2.75 percent. On the other hand profit results of companies have been mixed with some showing strong gains and others no so strong. So far stocks prices have yet to move to factor in the lower interest rates.
One company that had good 2017 results was ISP Finance but increased bad debt provisioning curtailed the growth in profits to just one percent after tax, but 20 percent ahead of the net 2016 profits with a 25 percent rise in revenues. The results for 2017 resulted in earnings per share being reduced to $1.20 for 2018 and with a rise in the stock price to $11.05 it is no longer in the TOP stocks. Also going out are, Access Financial and Paramount Trading. Access earnings have been reduced following their third quarter 2017 results.
Entering the TOP 10 Junior Market list are tTech, Lasco Financial and Blue Power. While Lasco Financial had lower profit in the December 2017 quarter than in 2016 that was due to added cost associated with the acquisition of Credi Scotia. The company will see a big jump in profit as a result of the acquisition. tTech is said to be seeing strong growth in clientele following a few years of soliciting new clients business. General Accident had a temporary setback in profit in 2017 due to a major claim but rising premium income margin should help boost profit in 2018 barring any major catastrophic claims. Key Insurance despite incurring cost associated with staff separation amounting to close to $50 million reported improved results for 2017 over 2016 and should go on to record the highest levels of profit in 2018 with expected better margin on insurance underwriting barring any unusually large claims. Stationery and Office had a record 2018 performance and is expected to show improve results in 2018 that will move the price upwards.
At the close of Friday, the average PE ratio for Junior Market Top stocks ended at 6.3 compared to an average PE for the overall main market is 10 based on 2018 estimated earnings.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 39 percent to the average for the Junior Market Top stocks but its less than 50 percent of what the average PE for the year is likely to be, of 15 to 20 times earnings.

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