Rising JSE’s stocks doubled – Monday

Supreme Ventures traded the most shares on Monday with 6.9m units

Supreme Ventures traded the most shares on Monday with 6.9m units

Stocks mostly rose on Monday with the number doubling the gains on Friday with losers up moderately. The market indices climbed sharply as advancing stocks beat out number declining stocks 2 to 1 but with much less volumes passing through the market compared to the heavy trading on Friday.
At the close of the market prices of 19 securities gained out of a total of 38 trading, with 11 declining, in the overall market, including 4 stocks rising and 5 falling, in the junior market.
At the close, 12,416,676 units valued at $159,207,495, changed hands, compared to the 56,335,591 units valued at $1,576,979,024 changing hands on Friday. The junior market accounted for 835,628 units valued at $4,086,204 of the total traded on Monday. The big trade of the day was Supreme Ventures with 6,871,362 units valued at $32,318,545 changing hands to close at $4.70 after falling 28 cents. Carreras traded over 1 million shares at a value of $73,955,605.
The market index ended with good gains, with the JSE Market Index climbing 892.01 points to end at 160,141.08. The all Jamaica Composite Index rose 997.57 points to close at 177,928.04 and the JSE combined index surged 1,128.53 points, to end at 172,409.91.
At the close, IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 16 stocks with bids higher than their last selling prices and 3 with lower offers.
ICI JSE sum 19-09-16In market activity, Barita Investments rose 25 cents and ended with 61,030 units changing hands to close at $3.50, investors pushed the price of Cable & Wireless up by 15 cents to close at 95 cents and picked up 1,594,615 units as selling of the stock abates. Caribbean Cement rose 60 cents, to close at $26.60 with 10,315 units changing hands, Carreras traded 1,137,767 shares to close at $65.50, Investors traded 49,527 shares of 1834 Investments to close with a loss of 6 cents at $1.18, Grace Kennedy lost 50 cents, with 394,085 shares changing hands at $42.50. Jamaica Broilers had 678,683 shares changing hands and gained 5 cents to end at $14.55, Jamaica Producers ended with a gain of 10 cents to close at $8.50 with 108,851 units trading, Jamaica Stock Exchange gained $1 to end at $27.50 while trading 15,168 shares, JMMB Group traded 1,200 units and rose 1 cent to $9.81. Kingston Wharves traded 6,161 shares to close at $17.50, after falling 5 cents, Mayberry Investments had 12,000 shares changing hands, to close with a rise of 5 cents at $3.55, ICI JSE fn qt 19-09-16National Commercial Bank jumped by $1 with 321,588 shares trading and closed at $41, the price of 138 Student Living remained unchanged at $4.70, after 7,150 units changed hands. Pan Jamaican Investments lost just 1 cent and closed at $23.50 after trading 185,496 shares. Radio Jamaica rose 2 cents and closed at $1.42 after 8,000 shares changed hands, Sagicor Group traded 24,120 shares and fell 29 cents to close at $22.81. Sagicor Real Estate Fund traded 38,153 shares to close with a gain of 8 cents at $10.20, Scotia Group gained 30 cents to close at $30.01 with 6,124 shares changing hands. Seprod gained 99 cents to close at $21.50 with 2,333 shares trading and Proven Investments gained 0.95 19.99 US cents.

Juniors make big gains – Monday

Eppley 9.5% preference share closed at a new high of $6.50 in Monday.

Eppley 9.5% preference share closed at a new high of $6.50 in Monday.

The Junior market closed on Monday, with the market index rose strongly by 1.28 percent but with 4 stocks that gained, while 5 declined out of 12 securities that traded. Trading volume and value fell sharply from Friday’s levels.
At the close the stock had a bid of $4.35 to buy 15,000 units, 10,200 units was the lowest offer at $4.80.
The market index gained 29.34 points, to close at 2,326.19. Market activities ended with 8 securities closing with bids higher than their last selling prices and 3 ending with lower offers.
ICI Jm sum 19-09-16Trading ended with 835,628 units changing hands, 83 percent less than on Friday, while the value traded dropped 87 percent, with $4,086,204, compared to $32,514,713 changing hands on Friday.
At the close, Caribbean Cream closed trading with 133,630 shares changing hands at of $9, earlier in the trading session the stock traded at $9.50. Caribbean Producers traded just 13,000 shares and rose 15 cents to close at $3.60. Consolidated Bakeries closed with a loss of 1 cent at $2.43 with 105,051 units changing hands. General Accident closed trading with 81,654 units, to close at $2.20, with a 9 cents loss, Honey Bun gained 32 cents in trading 4,300 units to end at $5.85, ICI jm trade 19-09-16 Jetcon Corporation fell 15 cents and ended at $4.15 with 65,867 units changing hands, after trading at new record high of $4.40. As was the case on Friday, Key Insurance has not traded but seems set to trade at a new low with the offer still at $2.38 compared with the last sale of $2.49, there were no bids on the stock at the close. Lasco Distributors closed with 76,600 units trading and ended with a loss of 15 cents at $6.90. Lasco Financial fell 20 cents with 14,000 shares changing hands to close at $3.10. Lasco Manufacturing closed at $4.90 with 177,726 shares trading, Medical Disposables traded 129,000 shares and closed at $4 and Eppley 9.5% preference share, gained 39 cents in trading 7,100 shares, to end at a 52 weeks’ closing high of $6.50, after trading as high as $7.

Junior market jumps sharply

Trading on the Jamaica Stock Exchange, saw big gains in the market indices with the junior market out pacing the gains with a jump of 42 points or 1.8 percent and led the combined index to gain over 1,000 points in the early morning session.
ici Int -19-9-16The market commenced the week with more than 1 million shares each trading in Cable & Wireless 1,591,675 units as the price held firm, Carreras traded 1,136,267 units as the price fell 50 cents for and National Commercial Bank had 319,588 shares trading at $40. Volume traded in other stocks was very moderate.
Barita Investments traded 9,250 shares at $3.51 with the price gaining 26 cents, Mayberry Investments traded 500 and gained 35 cents to $3.85, Seprod gained 99 cents in trading 1,000 shares at $21.50 and Jamaican Teas gained 40 cents in trading 27,700 shares at $4.
At 10:45 am 20 securities traded, resulting in a volume of 3,175,290 shares changing hands compared to 33,336,371 shares carrying a value of $1,215,936,825 on Friday. The average number of shares traded amounts to 158,765 units compared to 1,515,290 units on Friday. The number of stocks falling are 4 while the prices of 9 securities rose as the market continues to consolidate.
The all Jamaica Composite Index gained 813.86 points to 177,744.33, the Jamaica Stock Exchange Market Index climbed 727.73 points to 159,976.80, the Jamaica Stock Exchange combined index jumped 1,106.08 points to close at 172,387.46 and the junior market index rose 41.88 points to 2,338.84.

Derrimon in Paramount out – Top 5

AMG Packaging is IC Insider's top junior market stock for growth in the next 12 months.

AMG Packaging is IC Insider’s top junior market stock for growth in the next 12 months.

Paramount Trading jumped 25 percent from $14 to $17.50 for the week ending September 16, pushing it out of the IC Insider Top 5 junior market stocks, allowing another trading company, Derrimon Trading, to enter the list in its place.
Paramount Trading price movement is directly related to limited supply of the stock. There are good prospects for increased earnings to flow from expansion into the processing of lubricants, for the local market. Production is expected to get on the way in the first quarter of 2017. With a PE ratio of 7.6 times 2017 projected earnings, the stock remains attractive. With the limited supply, the stock seems a prime candidate for a stock split later this year.
Jetcon Corporation seems set to move out of the top 5 by the end of the week, if the trend of increased demand and limited supply continues. During the past week, the stock gained 24 percent based on the closing bids that were higher than the last sale price. AMG Packaging fell sharply in the week and has pushed the stock to top of the list, while Medical Disposables has moved down to 3 due to a revision downwards of earnings to 60 cents per share and an increase in the stock price.
Top 5 jm-mm -18-9-16rDerrimon enters as number 4 but the company is highly leveraged but expanding. Derrimon Trading reported slightly increased profit of $32.2 million or 12 cents per share up from $30.6 million in the June quarter with profit of $58.5 million compared to $51.2 million for the six months to June, with 3.5 percent growth is sales in the June quarter and 6 percent for the six months year over year. Other income grew but the company’s share of associated profit fell in both periods, while costs were held tightly.
Barita Investments is the only stock in the top 5 main market list, to show any major change, with the bid moving up to $3.51 at the close of the week and seeming set to trade in the $4 region sooner than later, with limited supply on the offer.

10 JSE stocks rise 10 fall -Friday

Grace Kennedy traded nearly 28M shares on Friday.

Grace Kennedy traded nearly 28M shares on Friday.

Grace Kennedy traded nearly 28 million shares valued at $1,162,148,683 to be the dominant trade for the day on the Jamaican stock market. Scotia Group traded early in the morning session at $32.40 that helped push the indices over 3,000 points at one stage but the stock fell back and helped to put the main indices into negative territory more than 1,000 points, at the close.
Trading led to the prices of 10 securities gaining out of a total of 37 that traded, with 10 declining in the overall market, including 5 stocks rising and 2 falling, in the junior market.
At the close of the market to 56,335,591 units valued at $1,576,979,024, changed hands, compared to the 2,177,808 units valued at $15,988,922 changing hands on Friday. The junior market accounted for 4,977,327 units valued at $32,514,713 of the total traded on Friday.
ICI JSE sum 16-09-16At the close of trading, the JSE Market Index dived 1,017.74 points to end at 159,249.07. The all Jamaica Composite Index dropped 1,138.18 points to close at 176,930.47 and the JSE combined index sank 749.64 points, to end at 171,281.38.
At the close, IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 14 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, investors picked up 2,041,685 units of Cable & Wireless, the price gained 2 cents in closing at 80 cents, Caribbean Cement fell by $1 to close at $26 with 992,947 units changing hands, Carreras traded 40,840 shares and lost 52 cents to close at $65.50, Grace Kennedy gained $1.55, with 27,892,196 shares changing hands at $43. Jamaica Broilers had 8,030,326 shares changing hands and fell 5 cents to end at $14.50, Jamaica Producers ended unchanged at $8.40 with 509,740 units trading, Jamaica Stock Exchange fell by 50 cents to end at $26.50 while trading 10,200 shares, JMMB Group traded 4,116,935 units and lost 20 cents to $9.80. Kingston Wharves traded 1,800 shares to close at $17.55, Mayberry Investments ended with 2,292,911 shares changing hands, to close at $3.50, ICI JSE fn qt 16-09-16 National Commercial Bank had 3,037,523 shares trading and closed with a loss of 25 cents at $40, Pan Jamaican Investments lost 94 cents and closed at $23.51 after trading 326,021 shares. Pulse Investments traded 37,200 shares with a rise of 35 cents to close at $4, Radio Jamaica closed at $1.40 after 110,101 shares changed hands, Sagicor Group traded 358,270 shares while gaining 53 cents to close at $23.10. Sagicor Real Estate Fund traded 4,590 shares to close with a fall of 3 cents at $10.12, Scotia Group dropped $1.80 to close at $30.71 with 1,238,805 shares changing hands. Seprod gained 81 cents to close at $20.51 with 12,000 shares trading and Proven Investments gained 0.95 cent with 297,060 units changing hands to close at 19.99 US cents.

5 juniors rise 2 down – Friday

 Jetcon Corporation traded at a new high of $4.30 on Friday to gain 91% since listing.

Jetcon Corporation traded at a new high of $4.30 on Friday to gain 91% since listing.

The Junior market closed on Friday, with the market index rising moderately as 5 stocks gained, while 2 declined out of 15 securities that traded. Traded volume and value jumped sharply above Thursday’s low levels.
Jetcon Corporation was the only stock trading at a new high, the price rose 30 cents in closing at new record high of $4.30 with 84,170 units changing hands. At the close the stock had a bid of $4.35 to buy 15,000 units, 10,200 units was the lowest offer at $4.80. Key Insurance did not trade, but seems set to trade at a new low with the offer at $2.38 compared with the last sale of $2.49, there were no bids on the stock at the close.
ICI Jm sum 16-09-16The market index gained 18.92 points, to close at 2,296.85. Market activities ended with 4 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
Trading ended with 4,977,327 units changing hands, 253 percent more than on Thursday, while the value traded jumped 465 percent, with $32,514,713, compared to $5,750,259 changing hands on Thursday.
At the close, AMG Packaging traded 10,243, shares with the price dropping 22 cents to close at $15, Caribbean Cream gained 30 cents and closed with 81,236 shares changing hands at of $9, earlier in the trading session the stock traded at $9.50. Caribbean Flavours traded 7,000 shares to close at $8, Caribbean Producers traded just 2,000 shares and rose 15 cents to close at $3.45. Consolidated Bakeries closed with a gain of 4 cents t0 $2.44 with 2,549 units changing hands.ICI jm trade 16-09-16 General Accident closed trading with 10,000 units, to close at $2.29, Knutsford Express Services dropped 50 cents to end with 2,746 units trading at $24.50, Lasco Distributors closed with 3,769,952 units trading and ended with a gain of 8 cents at $7.05. Lasco Financial with 10,000 shares changing hands closed at $3.30. Lasco Manufacturing rose 45 cents and closed at $4.90 with 801,743 shares trading, Medical Disposables traded 53,000 shares and closed at $4, Sweet River had just 1,150 shares changing hands at $3.85 and Eppley redeemable 2019 preference share, traded 80,000 shares, unchanged at $6.10.

Grace trade 27.9m shares

Grace Kennedy traded 27.9 million shares valued at $1,161,862,567 but Scotia Group’s traded at earlier $32.40 helping to move the main market indices upwards. ici Int -16-9-16Scotia eventually fell back from the mornings high by mid-morning.
The junior market rose moderately, Jetcon Corporation rose 10 cents to a new high of $4.10 with 4,300 units trading and Lasco Distributors traded 3,734,752 units at $7.05. In the main market, Cable & Wireless traded 513,700 shares at 80 cents, National Commercial Bank traded 309,258 units at $40 and Scotia Group traded 190,191 units and fell back $1.45 to $30.06.
At 10:45 am 22 securities traded, resulting in a volume of 33,336,371 shares carrying a value of $1,215,936,825 changing hands compared to 3,624,650 shares carrying a value of $1,765,042 on Thursday. The average number of shares traded amounts to 1,515,290 units compared to 9,488 units on Thursday. The number of stocks falling are 4 while the prices of 8 securities rose as the market continues to consolidate.
The all Jamaica Composite Index gained 820.63 points to 178,889.28, the Jamaica Stock Exchange Market Index climbed 733.78 points to 161,000.59, the Jamaica Stock Exchange combined index rose 752.52 points to close at 172,783.54 and the junior market index rose 7.01 points to 2,284.94.

20 JSE stocks rose 14 fall -Thursday

Exchange place Jamaican main market stocks recovered from losses sustained on Thursday with a strong advance decline ratio but with low trading levels. Trading led to the prices of 20 securities gaining out of a total of 43 that traded, with 14 declining in the overall market, including 8 stocks rising and 8 falling, in the junior market.
At the close of the market to 2,177,808 units valued at $15,988,922, changed hands, compared to the 6,452,961 units valued at $39,142,493 changing hands on Wednesday. The junior market accounted for 1,412,005 units valued at $5,750,259 of the total traded on Thursday.
At the close of trading, the JSE Market Index climbed 896.25 points to end at 160,266.81. The all Jamaica Composite Index jumped 1,002.31 points to close at 178,068.65 and the JSE combined index rose 868.84 points, to end at 172,031.02.
ICI JSE sum 15-09-16At the close, IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 13 stocks with bids higher than their last selling prices and 3 with lower offers, suggesting that advancing stocks should continue to have the upper hand immediately ahead.
In market activity, investors picked up just 31,724 units of Cable & Wireless, the price slipped 2 cents in closing at 78 cents, Caribbean Cement gained 41 cents to close at $27 with just 1,255 units changing hands, Carreras traded 5,037 shares and gained 42 cents to close at $66.02, Investors traded 8,000 shares of 1834 Investments to close at $1.24. Grace Kennedy ended at $41.45, with 18,474 shares changing hand, Jamaica Broilers had 8,152 shares changing hands, to end at $14.55.ICI JSE fn qt 15-09-16 Jamaica Producers lost 10 cents and ended at $8.40 with 3,615 units trading, Jamaica Stock Exchange gained 50 cents and ended at $27 while trading 61,156 shares, JMMB Group traded 22,000 units and rose 10 cents to $10. Kingston Wharves jumped $1.35 in trading 9,780 shares to close at $17.55, Pan Jamaican Investments gained 5 cents and closed at $24.45 after trading 3,610 shares, Radio Jamaica closed at $1.40 after 5,899 shares changed hands, Sagicor Group traded 208,100 shares while falling 53 cents to close at $22.57. Sagicor Real Estate Fund traded 28,000 shares to close with a fall of 20 cents at $10.15, Scotia Group closed with a gain of $1.10 at $31.51 with 24,280 shares changing hands. Seprod gained 19 cents to close at $19.70 with 6,473 shares trading, Supreme Ventures gained 23 cents with 76,730 units changing hands to close at $4.98 and Jamaica Money Market Brokers 7.50% preference share closed with 234,000 units changing hands for a 2 cents fall to $2.08.

3 new closing junior highs – Thursday

Paramount closed at a new high of $17.50 on Thursday.

Paramount closed at a new high of $17.50 on Thursday.

The Junior market closed on Thursday, with far less stocks trading than on Thursday. Traded volume dropped well below Wednesday’s level, as the value declined as well. At the close 8 stocks gained, while 8 declined out of 18 securities that traded, the same number as on Wednesday. Three stocks closed at new highs and one at a new low.
The market index gained 3.66 points, to close at 2,277.93. Market activities ended with 4 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
Trading ended with 1,412,005 units changing hands, 57 percent less than on Wednesday, while the value traded dropped 64 percent, with $5,750,259, down from $15,960,574 changing hands on Wednesday.
ICI Jm sum 15-09-16At the close, AMG Packaging traded 59,416, shares with the price dropping 33 cents to close at $15.22, CAC 2000 closed with 5,000 shares changing hands at $6.40. Caribbean Cream gained 30 cents and closed with 10,000 shares changing hands at a 52 weeks’ closing high of $9, Caribbean Producers traded 1,013,163 shares and rose 5 cents to close at $3.30. Consolidated Bakeries closed with a regained of 5 cents at $2.40 with 83,211 units changing hands. General Accident closed trading with 57,610 units but lost 1 cent to close at $2.29, Honey Bun fell 32 cents in trading 20,637 units to end at $5.53, Iron Rock Insurance traded 8,000 shares at $3.28, Jamaican Teas traded only 3,900 units but declined by 20 cents to end at $3.60. Jetcon Corporation traded 20,000 shares and gained 70 cents to close at a new all-time high of $4, Key Insurance traded 10,000 units and lost 16 cents to close at a new low of $2.49.ICI jm trade 15-09-16 Knutsford Express Services dropped $1 to end with 14,950 units trading at $25, Lasco Distributors closed with 8,645 units trading, ended with a loss of 3 cents at $6.97, Lasco Financial gained 20 cents with 5,000 shares changing hands at $3.30. Lasco Manufacturing rose 9 cents and closed at $4.45 with 89,310 shares trading, Medical Disposables rose by 15 cents in trading 1,063 shares and closed at $4, Paramount Trading climbed $2.45 to end with 2,000 shares changing hands at a 52 weeks’ high of $17.50 and Derrimon Trading preference share lost 5 cents in trading 100 shares at $2.15.

Scotia pushed JSE main market

A big 47 percent jump in Scotia Group’s third quarter profits motivated investors to push the stock up by $1 to $31.50 and the main market all Jamaica index up by more than 1,600 points in the morning session,ici Int -15-9-16 even as the overall volumes traded so far is light.
The junior market rose moderately with two stocks traded at new highs in the morning session, as Jetcon Corporation rose 70 cents to $4 with 20,000 units trading and while 2,000 units traded for Paramount Trading at $17.50 for a gain of $2.45. Caribbean Cream that has come in for increased buying traded above Wednesday’s closing high to $9 with 10,000 shares.
At 10:45 am 26 securities traded, resulting in a volume of only 246,695 shares carrying a value of 1,765,042 changing hands compared to 3,624,650 shares carrying a value of $18.2 million on Wednesday. The average number of shares traded amounts to only The 9,488 units compared to 95,386 units on Wednesday. The number of stocks falling are 6 while the prices of 12 securities rose as the market continues to consolidate.
The all Jamaica Composite Index gained 1,653.06 points to 178,719.40, the Jamaica Stock Exchange Market Index climbed 1,478.14 points to 160,848.70, the Jamaica Stock Exchange combined index rose 1,468.28 points to close at 172,630.46 and the junior market index rose 9.48 points to 2,283.75.