JSE stocks drop again on Monday

NCB gained $1 on Monday.

NCB gained $1 on Monday.

Jamaican stocks continued to record losses in continuation of the fall on Friday with the market closing on Monday with slightly more losses than gains, leading to falls in the market indices. The volume of stocks trading dropped sharply by the close of the market to 1,421,290 units valued at $14,318,294, compared to the 3,924,169 units valued at $39,797,286 changing hands on Friday.
The junior market accounted for 314,520 units valued at $1,453,100 of the total traded on Monday.
At the close of trading, the JSE Market Index sank 603.84 points to end at 158,069.49. The all Jamaica Composite Index dropped 675.29 points to close at 175,611.30 and the JSE combined index dived 516.84 points, to end at 170,018.66.
At the close, the prices of 9 securities gained out of a total of 35 that traded, with 12 declining in the overall market, including 2 stocks rising and 4 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the ICI JSE sum 12-09-16Investor’s Choice bid-offer indicator reading showed 14 stocks with bids higher than their last selling prices and 7 with lower offers, suggesting continued fluidity in price movements ahead.
In market activity, Barita Investments traded 8,500 units at $3.11, investors picked up 647,500 units of Cable & Wireless between the closing price of 75 cents and 80 cents during trading but the stock remains weak at the close, with lots of selling and little buying interest. Caribbean Cement traded 1,000 shares to close with a gain of 10 cents at $25.60, Carreras traded 895 shares and gained 30 cents to close at $66, Grace Kennedy dropped 15 cents and ended at $41.30, with 144,333 shares changing hands. Jamaica Broilers had 3,169 shares changing hands, to end at $14.52. Jamaica Producers ended with a loss of 9 cents at $8.41 with 20,124 units trading, JMMB Group traded 17,612 units and lost 3 cents to $9.85. ICI JSE fn qt 12-09-16Kingston Wharves fell 40 cents in trading 16,529 shares to close at $17, National Commercial Bank had 8,540 units changing hands to close with a gain of $1 at $40, Pan Jamaican Investments rose 50 cents and closed at $24.50 after trading 38,157 shares. Radio Jamaica rose 2 cents to close at $1.42 after 5,736 shares that changed hands, Sagicor Group traded 7,000 shares while rising 9 cents to close at $22.50, Sagicor Real Estate Fund traded 30,700 shares to close at $10.20, Scotia Group climbed 95 cents to close at $30 with 66,000 shares changing hands. Scotia Investments dropped 45 cents with 58,572 units changing hands at $25.50, Sterling Investments traded 5,000 units but fell 15 cents to $14, Supreme Ventures had 17,844 units changing hands at $4.76 and Proven Investments traded 5,201 units to close at 19.87 US cents.

The top 5 major & junior stocks

Barita is the top IC Insider's stock for growth over the next 12 months in the main market.

Barita is the top IC Insider’s stock for growth over the next 12 months in the main market.

Barita Investments looks like the stock to deliver the best returns in the main market of the Jamaica Stock Exchange and Medical Disposables the stock to deliver the best returns in the medium term, in the junior market, according to data compiled by IC Insider.com.
IC Insider starts a new feature that highlights the top 5 stocks IC Insider’s selection for gains over the next several months based on the latest earnings forecast for the current fiscal year for each company.Investors should bear in mind that companies with September year ends will have a head start on companies with later ending period as the earlier year end will result in two sets of results between now and early 2017, thus giving investors an early look into what 2017 earnings will look like. The stocks in the list may surprise many but detailed look at their financials paint a far better picture than the stock prices may currently be telling. These stocks are selling well below the market average and even more so against their potential. Top 5 jm-mm -09-9-16The two stocks at the top of both listing may surprise many, but they should not. In the case of Medical Disposables revenues are growing close to 50 percent increase as new products are added, this growth is expected to boost gross profit at levels that should out pace increase in cost. Barita Investments is undergoing change and this has driven up fee income sharply which is replacing interest income formerly generated form the repo business. Barita has built up a large pool of unrealized gain on investments which can be released to profit for 2016.
The list is likely to be updated on a weekly basis which is likely to see stocks being added or removed on an ongoing basis.

17 JSE stocks drop on Friday

Scotia Group dropped $1.95& helped to pull the market index down on Friday

Scotia Group dropped $1.95& helped to pull the market index down on Friday

Jamaican stocks suffered reversal from the gains on Thursday to end Friday with much more losses than gains. On Friday with falling prices outnumbered advancing stocks more than 2 to 1 leading to big falls in the market indices.
At the close of trading, the JSE Market Index sank 1,160.22 points to end at 158,673.33. The all Jamaica Composite Index dropped 1297.53 points to close at 176,286.59 and the JSE combined index dived 1,308.51 points, to end at 170,535.50.
The volume of stocks trading dropped sharply on Friday, with 3,924,169 units valued at $39,797,286, compared to the 6,839,351 units valued at just $23,033,975 changing hands on Thursday. Cable & Wireless dominated trading volume on Thursday with 3.9 million units but traded less than 400,000 shares on Friday.
The junior market accounted for 844,487 units valued at $5,439,011 of the total traded on Friday.
ICI JSE sum 9-09-16At the close of the market prices of just 7 securities gained out of a total of 33 that traded, with 17 declining in the overall market, including 5 stocks rising and 4 falling, in the junior market.
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 6 with lower offers, suggesting continued fluidity in price movements ahead.
In market activity, Berger Paints traded 27,267 shares to end at $5, investors slashed the price of Cable & Wireless by 20 percent, taking it down by 19 cents with 356,419 shares changing hands, to close at 75 cents, the stock remains weak at the close, with lots of selling and little buying interest. Caribbean Cement traded 25,874 shares to close at $25.50, Carreras traded 1,690 shares and fell 77 cents to close at $65.70, The price of 1834 Investments dropped 15 cents in trading at 518,765 shares to end at $1.10, Grace Kennedy dropped $1.54 and ended at $41.45, with 67,952 shares changing hands. Jamaica Broilers had 126,487 shares changing hands, to end with a loss of 8 cents at $14.52. Jamaica Producers ICI JSE fn qt 9-09-16ended at $8.50 with 229,519 units trading, JMMB Group traded 275,597 units and lost 7 cents to $9.88. Kingston Wharves rose $1.30 in trading 9,998 shares to close at $17.40, Mayberry Investments ended with 509,928 shares trading to close at $3.50, National Commercial Bank had 37,402 units changing hands to close with a loss of $1 at $39, Pan Jamaican Investments fell 30 cents and closed at $24 after trading 2,705 shares. Radio Jamaica fell 8 cents to close at $1.40 after 42,764 shares changed hands, Sagicor Group traded 82,050 shares while easing 9 cents off the old price to close at $22.41, Sagicor Real Estate Fund traded 30,540 shares to close at $10.20, Scotia Group dropped $1.95 to close at $29.05 with 549,708 shares changing hands. Scotia Investments had 13,579 units changing hands at $26, Seprod traded 5,400 units but fell $1 to $19.50, Supreme Ventures had 161,905 units changing hands and rose 1 cent to $4.76 and Proven Investments traded 4,133 units to close at 19.87 US cents.

JSE main market climbs in early trading

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The Jamaica Stock Exchange main market enjoyed strong gains in the indices in early Friday morning trading but with only limited volume changing hands in the overall markets. The junior market index slipped a bit with only a few securities trading in that market.
ici Int -9-9-16Trading of note so far took place for 106,580 Cable & Wireless shares with 181,615 shares in 1834 Investments changing hands while 59,745 shares of Grace Kennedy traded and JMMB Group had 275,597 units trading at $9.88 in the main market and in the junior market the stocks with the leading volumes traded are C2W Music with 40,000 units and Eppley Preference Shares 2019 had 50,000 units changing hands.
At 10:45 am 22 securities traded, resulting in a volume of 861,119 shares carrying a value of $8,593,129 changing hands compared to 5,070,164 shares carrying a value of $14,465,644 on Thursday. The average number of shares traded amounts to 39,142 units compared to 211,257 units on Thursday. The number of stocks falling are 10 while the prices of 8 securities rose as the market continues to consolidate.
The all Jamaica Composite Index jumped 947.08 points to 178,531.20, the Jamaica Stock Exchange Market Index gained 846.86 points to 160,680.41, the Jamaica Stock Exchange combined index climbed 680.28 points to close at 172,524.29 and the junior market index slipped 10.25 points to 2,288.60.

19 JSE stocks rise on Thursday

Palace closed at a new high of $170 on Thursday.

Palace closed at a new high of $170 on Thursday.

Jamaican stocks had a good in trading on Thursday with rising prices out numbering declining stocks 2 to 1 leading to strong gains in the market indices. The value of stocks trading dropped sharply by the close of the market with 6,839,351 units valued at just $23,033,975, compared to the 5,711,945 units valued at $60,243,332 changing hands on Wednesday.
The junior market accounted for 1,832,518 units valued at $9,192,820 of the total traded on Thursday.
At the close of trading, the JSE Market Index climbed 527.63 points to end at 159,833.55. The all Jamaica Composite Index rose 590.07 points to close at 177,584.12 and the JSE combined index jumped 1,217.16 points, to end at 171,844.01.
ICI JSE sum 8-09-16rAt the close of the market prices of 19 securities gained out of a total of 39 that traded, with 8 declining in the overall market, including 12 stocks rising and 3 falling, in the junior market.
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 6 with lower offers, suggesting continued fluidity in price movements ahead.
In market activity, Cable & Wireless dominated trading with 3,903,944 shares changing hands and closed with a loss of 5 cents at 94 cents, Carreras traded 10,987 shares and gained 3 cents to close at $66.47, Grace Kennedy ended at $42.99, with 5,640 shares changing hands. Jamaica Broilers had 4,580 shares changing hands, to end with a gain of 5 cents at $14.60. Jamaica Producers ended at $8.50 with 450 units trading, Jamaica Stock Exchange lost 60 cents with 80,279 units changing hands, to end at $27.40 after trading as high as $28.50. ICI JSE fn qt 8-09-16JMMB Group traded 19,900 units and rose by 5 cents to $9.95. Kingston Wharves dropped $1.45 in trading 5,261 shares to close at $16.10, Mayberry Investments gained 20 cents ended with 3,570 shares trading to close at $3.50, National Commercial Bank had 15,840 units changing hands to close at $40, Palace Amusement traded 500 units and rose $5 to end at a 52 weeks’ high of $170. Pan Jamaican Investments fell 19 cents and closed at $24.30 after trading 2,950 shares, Portland JSX traded 27,200 units at $11, Sagicor Group traded 1,820 shares while rising 30 cents to close at $22.50, Scotia Group gained 50 cents to close at $31 with 22,700 shares changing hands. Supreme Ventures had 879,445 units changing hands and fell 9 cents to $4.75 and Proven Investments traded 20,849 units to close at 19.87 US cents after slipping 0.13 cent.

TTSE down on Thursday

TTSE build Trading activity on the Trinidad and Tobago stock market closed Thursday with losses in the three market indices. Volume traded picked up with over 732,000 units changing hands compared with only 89,258 on Wednesday. At the close just 10 securities changed hands, just 4 rose, 3 fell while 3 remained unchanged.
Market activity ended with 732,985 shares valued at $3,195,862 changing hands, up from the $1,450,746 traded on Wednesday.
The Composite Index declined 0.50 points to close at 1,156.11, the All T&T Index fell 0.67 points to close at 1,816.58 and the Cross Listed Index ended unchanged at 65.99 with a loss of 0.05 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 9 stocks with bids higher than their last selling prices and 6 with offers that were lower.
Gains| National Flour rose 6 cents, with 3,850 shares changing hands, to close at $2.41, Scotiabank rose 4 cents and closed with 1,671 shares changing hands, at $57.57, TTSE sum 8-9-16Trinidad and Tobago NGL closed at $23.51 with 2,500 units trading, after rising 1 cent and Trinidad Cement gained 2 cents and closed at $3.12 with 686,998 shares valued at $2,143,434 changing hands.
Losses| JMMB Group lost 1 cent and ended with 2,976 shares changing hands at 61 cents, National Enterprises closed with just 1,646 shares changing hands close at a 52 weeks’ low of $10.40 after slipping by 9 cents and Republic Financial Holdings ended with 1,793 shares changing hands at $109.99 with the loss of a cent.
Firm Trades| Clico Investment Fund closed with 25,992 shares valued at $326,637 changing hands, to end at $22.65, First Citizens traded 500 units at $35 and Guardian Holdings had 5,059 shares changing hands to end at $13.01.

14 JSE’s stocks rise 7 fall – Wednesday

 NCB traded as low as $36.10 on Wednesday but ended back at $40..

NCB traded as low as $36.10 on Wednesday but ended back at $40..

Jamaican stocks again saw more prices rising than falling but the market indices incurred losses nevertheless at the end of trading on Wednesday. Unlike the previous two days with extremely low volumes trading levels climbed sharply by the close of the market with 5,711,945 units valued at $60,243,332, well up from the 2,652,003 units valued at $16,996,985 changing hands on Tuesday’s with, the junior market accounting for 1,483,909 units valued at $6,870,963.
At the close of trading, the JSE Market Index dropped 849.63 points to end at 159,305.92. The all Jamaica Composite Index dived 950.18 points to close at 176,994.05 and the JSE combined index sank 833.28 points, to end at 170,626.85.
At the close of the market prices of 14 securities gained out of a total of 36 that traded, with 7 declining in the overall market, including 7 stocks rising and 4 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, ICI JSE sum 7-09-16rthe Investor’s Choice bid-offer indicator reading showed 13 stocks with bids higher than their last selling prices and 6 with lower offers, suggesting continued fluidity in price movements ahead.
In market activity, Berger Paints traded 10,741 shares at $5, Cable & Wireless traded 822,600 shares and closed with a loss of 1 cent at 99 cents, Carreras traded 1,570 shares to close at $66.44. Trading in in shares of 1834 Investments resulted in 197,265 units changing hands to end at $1.25, Grace Kennedy jumped 99 cents to end at $42.99, with 23,328 shares changing hands, Jamaica Broilers had 13,650 shares changing hands, to end with a fall of 5 cents at $14.55. Jamaica Producers ended at $8.50 with 300,150 units trading, Jamaica Stock Exchange gained 18 cents with 160,144 units changing hands, to end at a 52 weeks’ closing high of $28 as investors continue to react positively to the announcement of a likely stock splitJMMB Group traded 1,009,454 units at $9.90.ICI JSE r fn qt 7-09-16 Margaritaville Turks traded 6,540 shares to close at 21 US cents, Mayberry Investments ended with 502,200 shares trading to close at $3.30, National Commercial Bank had 531,488 units changing hands to close at $40, the stock traded as low as $36.10 during the day but with small volumes. Pan Jamaican Investments fell 1 cent and closed at $24.99 after trading 11,495 shares, Sagicor Real Estate Fund traded 35,080 shares to close at $10.20, Scotia Group added 40 cents to close at $30.50 with 7,320 shares changing hands. Scotia Investments had 2,064 units changing hands at $26, Proven Investments traded 389,000 units to close at 19.90 US cents after rising 0.90 cent and JMMB Group 7.50% rose 2 cents in trading 193,871 units at $1.10. [Read more…]

TTSE Unilever drops $4.50 – Wednesday

Unilever products fighting in a weakened T&T economy leading to a big drop in the stock price.

Unilever products fighting in a weakened T&T economy leading to a big drop in the stock price.

Trading activity on the Trinidad and Tobago stock market closed Wednesday with losses in the two main market indices. Volume traded remained subdued with just over 90,000 units changing hands. At the close just 8 securities changed hands, just 1 rose, 3 fell including Unilever that dropped sharply to a new 52 weeks’ low while 4 remained unchanged.
Market activity ended with 89,258 shares valued at $1,450,746 changing hands, down from the $2,665,520 traded on Tuesday.
The Composite Index declined 1.03 points to close at 1,156.61, the All T&T Index fell 2.04 points to close at 1,817.25 and the Cross Listed Index ended unchanged at 66.04.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 8 stocks with bids higher than their last selling prices and 5 with offers that were lower.
Gains| Trinidad Cement closed at $3.10 with 15,500 shares changing hands to gain 5 cents.
Losses| Clico Investment Fund closed with 14,420 shares valued at $326,637 changing hands, to end 1 cent down at $22.65, Massy Holding lost 1 cent in trading 5,718 shares valued at $314,433 to close at $54.99 and Unilever Caribbean traded 2,643 units to close at a 52 weeks’ low of $58 after nosediving $4.50. Unilever’s stock has been under pressure from early 2015 after it suffered from problems in a new software package followed by a weakening domestic market that saw revenues coming under pressure. The latest results to June, shows slightly reduced revenues in the June quarter, compared to 2015, with 13.6 percent more after tax profit, after gross profit increased by percent. TTSE sum 7-9-16 At the present price and likelihood of earnings per share hitting $2 this year, the stock is priced close to 30 times this year’s earnings, well ahead of others in that market and could undergo more decline in the price as the market adjusts it to be more in line with its peers.
Firm Trades| First Citizens traded 13,058 units with a value of $457,030 at $35, Grace Kennedy ended with 36,950 shares changing hands at $2.56, Scotiabank closed with 955 shares changing hands to end at $57.53 and West Indian Tobacco with 14 shares changing hands closed at $126.32.

JSE stocks rise again – Tuesday

 JSE stock jumped to $29.50 during trading.

JSE stock jumped to $29.50 during trading.

Jamaican stocks continue to record more gains than losses in trading on Tuesday pulling the market indices up in the process. Trading levels remained very low fell sharply with just 2,652,003 units valued at $16,996,985 compared to the 2,234,793 units valued at $29,276,443 changing hands on Monday’s with, the junior market accounting for 1,397,863 units valued at $6,429,584.
At the close of trading, the JSE Market Index rose 231.36 points to end at 160,155.55. The all Jamaica Composite Index gained 258.74 points to close at 177,944.23 and the JSE combined index climbed 596.35 points, to end at 171,460.13.
At the close of the market prices of 14 securities gained out of a total of 36 that traded, with 12 declining in the overall market, including 7 stocks rising and 5 falling, in the junior market.
ICI JSE sum 6-09-16 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 9 stocks with bids higher than their last selling prices and 4 with lower offers, suggesting continued fluidity in price movements ahead.
In market activity, Berger Paints traded 109,400 shares at $5, Cable & Wireless traded 644,622 shares and closed at $1, Caribbean Cement traded 20,120 shares to end at $25.50, Carreras traded 6,907 shares and fell 6 cents to close at $66.44. Grace Kennedy dropped $1 to end at $42, with 38,441 shares changing hands. Jamaica Broilers had 5,400 shares changing hands, to end with a gain of 8 cents at $14.60, Jamaica Producers ended at $8.50 with 9,360 units trading, after rising by 10 cents, Jamaica Stock Exchange gained 42 cents with 28,280 units changing hands, to a 52 weeks’ closing high of $27.82. The stock traded at new all-time high during the morning session at $29.50, as investors continue to react positively to the announcement of a likely stock split, ICI JSE fn qt 6-09-16 JMMB Group traded 300 units at $9.90. Kingston Wharves traded 29,130 shares and rose 5 cents, to close at $17.55, Margaritaville Turks traded 2,710 shares to close at 21 US cents, National Commercial Bank had 19,809 units changing hands and fell 50 cents, to close at $40, Pan Jamaican Investments climbed 50 cents and closed at $24.50 after trading 7,218 shares. Radio Jamaica lost 2 cents to close at $1.48 with 33,698 shares trading, Sagicor Group lost 20 cents with 100,116 shares changing hands at $22.20, Sagicor Real Estate Fund traded 42,100 shares and rose 5 cents to close at $10.20. Scotia Group added 40 cents to close at $30.10 with 31,800 shares changing hands. Scotia Investments had 4,988 units changing hands at $26, Seprod traded 6,500 units to close at $20.50 and Jamaica Money Market Brokers 7.50% lost 1 cent in trading 108,741 units at $2.09.

More gains ahead for BUY RATED stocks

Image courtesy of suphakit73/FreeDigitalPhotos.net

Image courtesy of suphakit73/FreeDigitalPhotos.net

The stock markets in the Caribbean have not been on anything close to fire; nevertheless, the prices of some stocks continue to climb. The Jamaican market has not been the only one in which gains were recorded in the summer as there has been some rebound in a number of stock prices on the Trinidad market after declines earlier.
The Jamaican market has seen strong reaction by investors on the announcement of stock splits with the price of each company stock climbing. IC Insider added Seprod to the list while lifting the watch on Sagicor Group, thus restoring a BUY RATED status on it. There are no other changes to the list.
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.

In the junior market, Access Financial has advanced 97 percent since 2014. However, IC Insider sees earnings of around $3 per share for the current fiscal year, which should continue to propel the stock upward. Caribbean Cream has gained 597 percent since it was added and with IC Insider forecasting around $1.10 per share earnings for the current fiscal year, the stock could be in the teens by 2017.
Caribbean Flavours price lost flight earlier this year, but with reported audited earnings of $0.82 per share, the price is rebounding. Caribbean Producers suffered from competitive pressures in the Jamaican market and wrote down inventory but should see some reversal of that pressure in the New Year.
However, it does not have a high ranking on the BUY RATED list at this time. Dolphin Cove is up 34 percent since its recent elevation to the BUY RATED list and should trend higher. ISP Finance, a recent addition, gained 140 percent since listing. The company is in the process of raising funds through a bond issue, which will provide funding for an expanded loan portfolio. The stock is very scarce, but 2017 could be a big year for the company and the stock.
Investors are ignoring the robust profit performance of Jetcon Corporation but may regret it as the price is likely to grow strongly. Profits have climbed nearly 100 percent over 2015 to June,
Barita is the top IC Insider's stock for growth over the next 12 months in the main market.

Barita is the top IC Insider’s stock for growth over the next 12 months in the main market.

nearly matching the full year earnings of 2015. Paramount  Trading will benefit from expansion into the processing of lubricants in Jamaica and from growth in its traditional business, but this stock has been scare and could benefit from a stock split and tTech, which many may consider fully priced, is enjoying strong sales growth that is certain to boost profits in the periods ahead.
In the main Jamaica stock market, Caribbean Cement remains undervalued and is poised for a big price rise as the company increases revenues from a growing economy and reduce cost. Many investors keep focusing only on the reported earnings, but these include one off cost that should be taken out in assessing earnings and value.
Buy Rated upd 9-16 Better yet, come 2017 the one off costs won’t be there, importantly, not only will the cost relating to staff separation not be there but the ongoing cost for staffing will be reduced by amounts that approximate redundancy cost. GraceKennedy is benefiting from an improving economy locally and overseas and should see more gains ahead in profits and the stock price.
IC Insider sees JMMB Group as highly undervalued with decent profit results for the current fiscal year and could surprise to the upside. Barita Investments is having a better 2016 than 2015 and has a big pool of unrealised investment gains on its balance sheet that can be released to profit at any time. The stock seems poised for more growth in the years ahead. Jamaica Stock Exchange’s stock could trend higher with the expectation of a stock split, the price may be getting a bit rich for much short term gains.
IC Insider considers the future to be bright for the stock, as trading activities rise in future years, consequent on growth in the local economy and further declines in interest rates that are bound to drive more money into the market seeking decent return. National Commercial Bank is on target to earn around $6 per share in 2016 while Scotia Group’s results to July showed strong growth in the second quarter over 2015, suggesting that increased profits are once more on the table for this entity. Investors should consider that the year end for these two entities is September and October as such very early in 2017 fresh results will be out before even some of companies with 2016 December year end, release their final numbers for this year. Seprod is engaged in cutting cost in various areas and with growth in the economy, the company is in a good position to do well for investors.
The Trinidad market remains a tough one with the price of oil under pressure. Trinidad Cement seems the only compelling buy, but pressure in the construction sector will be seen as negative for the company. [Read more…]