Valentine’s gift for JSE investors – Thursday

February 14, 2019 by

NCB Financial traded 16.55m shares on the JSE on Thursday.

Gains in 15 stocks against 9 with losses sent the main market of the Jamaica Stock Exchange surging at the end of trading on Thursday. NCB Financial traded more than $16.5 million shares but had little impact on the indices.
At the close, the JSE All Jamaican Composite Index jumped 5,188.44 points to 414,912.38 and the JSE Index surged 4,722.16 points to 378,031.54.
The main and US markets traded 32 securities, compared to 35 securities trading on Wednesday, with Jamaica Stock Exchange and Wisynco Group trading at 52 weeks intraday highs but PanJam Investments ended at a 52 weeks’ closing high as supply of the stock is very limited.
Main market activity ended with, 20,917,776 units valued at $2,473,285,188 changing hands, compared to 9,650,019 valued at $141,880,042 on Wednesday.
NCB Financial Group led trading with 16.55 million shares for 79 percent of the day’s volume, Wisynco Group was next with 1,492,528 shares, accounting for 7 percent of the total main market volume changing hands and Radio Jamaica ended with 944,409 shares, for 4.5 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 13 stocks ending with bids higher than their last selling prices and 3 closing with lower offers.
An average of 674,767 units valued at $79,783,393 compared to 292,425 units valued at an average of $4,299,395 for each security traded, on Wednesday. The average volume and value for the month to date, amounts to 351,464 shares with a value of $16,773,070 and previously, 318,056 shares with a value of $9,511,657. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
In main market activity, Barita Investments rose 60 cents to close at $50.60, in trading 4,169 shares, Berger Paints jumped $1 to end at $20.50, with 4,755 stock units trading, Caribbean Cement finished with a gain of 35 cents to end at $43.50, with an exchange of 9,975 shares. Grace Kennedy traded 82,237 stock units but lost $1.50 to end at $58, Jamaica Broilers finished trading 58,596 shares and lost 30 cents to end at $33.50, Jamaica Producers fell 41 to close at $22, with 26,953 shares trading, JMMB Group gained 25 cents in concluded trading of 408,504 shares at $33,. Kingston Wharves rose $4 to close at $75, with 23,515 units changing hands, 183 Student Living rose 80 cents trading 1,100 shares at $5.80. PanJam Investment  jumped $4.99 in ending at a 52 weeks closing high of $80, trading 48,795 units, Sagicor Group  gained 40 cents and ended trading 153,890 stock units at $37.50,  Scotia Group added 75 cents trading 20,694 shares at $52,  Stanley Motta  gained 50 cents to end at $5, with an exchange of 31,684 shares. Sygnus Credit Investments rose $1.20 to end at $12 with an exchange of 41,700 shares, Victoria Mutual Investments  rose 35 cents to settle at $4.05, with 30,867 shares changing hands and Wisynco Group fell 25 cents and concluded trading of 1,492,528 shares $10.65, after trading at a 52 weeks’ intraday high of $12. Trading over the past 4 days have significantly dried up supply of the stock.
Trading in the US dollar market resulted in 36,975 units valued at US$8,057 changing hands with Proven Investments being the sole stock trading, with the price closing at 21.99 US cents. The JSE USD Equities Index fell 0.79 points to close at 175.05.

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

TTSE stocks moving quietly upwards – Thursday

February 14, 2019 by

Market activity on the Trinidad & Tobago Stock Exchange ended on Thursday with 18 securities changing hands against 13 on Wednesday, with 4 advancing, 4 declining and 10 remaining unchanged.
At close of the market, the Composite Index gained 0.63 points to end at 1,310.23. The All T&T Index rose 0.51 points to 1,710.58, while the Cross Listed Index inched 0.10 points higher to close at 122.93.
Trading ended with 414,470 shares at a value of $4,718,365, compared to 382,241 shares at a value of $9,662,035 on Wednesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 6 stocks with bids higher than their last selling prices and 1 with a lower offer.
Stocks closing with gains | First Citizens gained 2 cents and ended at $34.22, after exchanging 9,092 shares, Sagicor Financial rose 1 cent and ended at $10, after trading 80,900 shares. Trinidad Cement closed with a gain of 5 cents at $2.55, with 1,091 shares changing hands and West Indian Tobacco gained 19 cents and completed trading of 10 stock units at $95.75.
Stocks closing with losses| Clico Investments fell 2 cents and completed trading with 33,175 stock units at $20.14, Massy Holdings share fell 1 cent and ended at $48, after exchanging 277 shares. NCB Financial Group shed 5 cents to end at $8.40, after exchanging 183,268 shares and Republic Financial Holdings lost 1 cent in closing at $108, after exchanging 692 shares.
Stocks closing firm | Agostini’s ended at $23.30, after exchanging 10 shares, Grace Kennedy completed at $3.10, with 400 stock units changing hands, Guardian Holdings settled at $18, with the trading of 84 units, JMMB Group ended at $1.75, after exchanging 11,759 shares, LJ Williams B Share closed at 70 cents, after exchanging 13,200 shares. National Enterprises completed trading at $8, with 10 stock units changing hands, National Flour settled at $1.65, with 38,557 units trading, Point Lisas completed trading 1,245 stock units at $3.45, Prestige Holdings settled at $7.35, trading 200 units and Trinidad & Tobago NGL settled at $29.50, with 40,500 units changing hands.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , ,

JSE main market closes down – Wednesday

February 13, 2019 by

Trading on the main market of the Jamaica Stock Exchange ended on Wednesday with the market indices and ending with more declines even as advancing stocks were more than declining ones.
At the close of trading, the JSE All Jamaican Composite Index declined 877.61 points to 409,723.94 and the JSE Index lost 798.74 points to 373,309.38.
The main and US markets traded a total of 35 securities, compared to 34 securities trading on Tuesday, with the prices of 11 rising, 9 declining and 15 remaining unchanged.  JMMB Group 7% NC preference share closed at a 52 weeks’ low $1.98.
Main market activity ended with, 9,650,019 valued at $141,880,042, compared to 9,605,896 units valued at $71,284,670 changing hands, on Tuesday.
Wisynco Group led trading with 3.3 million shares for 34 percent of the day’s volume, Radio Jamaica was next with 2,093,021 shares and accounting for 22 percent of the total main market volume changing hands and Jamaica Broilers with 1,959,403 shares, for 20 percent of the day’s volume and Jamaica Stock Exchange traded 1.16 million units.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 12 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
An average of 292,425 units valued at an average of $4,299,395 compared to 300,184 units valued at an average of $2,227,646 for each security traded, on Tuesday. The average volume and value for the month to date, amounts to 318,056 shares with a value of $9,511,657 and previously, 321,224 shares with a value of $10,240,490. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
In main market activity, Grace Kennedy traded 35,455 stock units and climbed $1.84 to end at $59.50, Jamaica Broilers finished trading 1,959,403 shares and rose 30 cents to end at $33.80, Kingston Wharves rose $1 to close at $71, with 1,192 units changing hands, 183 Student Living rose 99 cents and finished trading 5,000 shares at $5. PanJam Investment dropped $2.99 in closing at $75.01, trading 1,500 units, Sagicor Group  fell $1.40 and ended trading 23,200 stock units at $37.10,  Salada Foods traded just 18,495 shares, but lost $5.50 to close at $32.50. Stanley Motta  fell 50 cents to end at $4.50, with an exchange of 1,616 shares, Supreme Ventures rose 45 cents and finished trading of 129,583 units at $19.80. Sygnus Credit Investments rose 75 cents to end at $11 with an exchange of 16,550 shares, Victoria Mutual Investments  rose 35 cents to settle at $4.05, with 30,867 shares changing hands and Wisynco Group rose 40 cents and concluded trading of 3,318,014 shares $10.90.
Trading in the US dollar market resulted in 41,480 units valued at $7,059 changing hands. Proven Investments traded 30,000 units at 22 US cents and Sterling Investments rose 2 cents in exchanging of 11,480 shares at 4 US cents. The JSE USD Equities Index advanced by 5.09 points to close at 175.84.

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

Gains for TTSE stocks – Wednesday

February 13, 2019 by
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Trinidad & Tobago Stock Exchange Head Quarters

Market activity on the Trinidad & Tobago Stock Exchange ended on Wednesday with trading in 13 securities against 15 on Tuesday, with 5 advancing, 2 declining and 6 remaining unchanged.
At close of the market, the Composite Index gained 0.31 points to end at 1,309.60. The All T&T Index rose 1.66 points to close at 1,710.07, while the Cross Listed Index declined 0.15 points to close at 122.83.
Trading ended with 382,241 shares at a value of $9,662,035, compared to 255,808 shares on Tuesday valued at $2,783,173.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 2 stocks with bids higher than their last selling prices and 2 with lower offers.
Stocks closing with gains  | Agostini’s gained 10 cents to close at $23.30, after exchanging 337 shares, First Citizens finished trading 33,612 shares, with a rise of 10 cents to settle at $34.20, Massy Holdings rose 1 cent to close at a 52 weeks’ high of $48.01, after exchanging 55,682 shares. Republic Financial Holdings ended trading of 3,071 shares, with a gain of 21 cents to $108.01 and West Indian Tobacco finished 6 cents higher at $95.56, with 20,000 stock units changing hands.
Stocks closing with losses| Sagicor Financial closed with a loss of 1 cent at $9.99, after exchanging 8,500 shares and Trinidad & Tobago NGL declined 11 cents and completed trading of 68,154 units at $29.50.
Stocks closing firm| Clico Investments ended at $20.16, with 7,412 stock units changing hands, JMMB Group closed at $1.75, after exchanging 20,164 shares, National Enterprises ended at $8, with 151,037 stock units changing hands. Prestige Holdings completed trading of 4,600 units at $7.35, Scotiabank ended at $63.64, with 625 stock units changing hands and Trinidad Cement settled at $2.50, after exchanging 9,047 shares.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , ,

2 days of strong JSE main market gains end

February 12, 2019 by

Radio Jamaica traded more than 4 million shares as the compnay posted strong gains in profit in the December quarter.

Trading on the main market of the Jamaica Stock Exchange ended on Tuesday with the market snapping two days of solid gains in the market indices and ending with big declines even as advancing stocks were more than declining ones.
At the close of trading, the JSE All Jamaican Composite Index dropped by 2,837.49 points to 410,601.55 and the JSE Index dived by 2,582.48 points to 374,108.12.
The main and US markets traded a total of 34 securities, compared to 33 securities trading on Monday, with the prices of 16 rising, 11 declining and 7 remaining unchanged. Three stocks traded at new highs during the trading session but only two ended at a new closing high and one closed at a 52 weeks’ low.
Main market activity ended with, 9,605,896 units valued at $71,284,670 compared to 3,396,161 units valued at $104,302,598 changing hands, on Monday.
Radio Jamaica led trading with 4,707,436 shares for 49 percent of the day’s volume, after the company posted strong gains in profit in the December quarter of $168 million versus $79 million in the similar period in 2017. JMMB Group 6% preference share was next with 1,799,538 shares and accounting for 18.7 percent of the total main market volume changing hands and 1834 Investments with 705,080 shares, for 7 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 15 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
An average of 300,184 units valued at an average of $2,227,646 compared to 106,130 units valued at an average of $3,259,456 for each security traded, on Monday. The average volume and value for the month to date, amounts to 321,224 shares with a value of $10,240,490 and previously, 324,089 shares with a value of $11,497,407. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
In main market activity, Berger Paints lost 50 cents and ended at $19.50, with an exchange of 6,803 stock units, Grace Kennedy traded with 88,962 stock units and lost 34 cents to end at $57.66, Jamaica Producers regained 50 cents to close at $23 in trading 6,008 shares. Jamaica Stock Exchange gained $1 and closed trading with 36,189 units changing hands, at a record close of $16, JMMB Group rose 65 cents and concluded trading 18,827 shares at $32.75, Kingston Wharves dropped $2 and settled at $70, with 44,616 units changing hands, 138 Student Living rose 49 cents and finished trading 1,199 shares at $4.01. PanJam Investment  jumped $2.99 and ended at a 52 weeks’ closing high of $78, trading 6,262 units, Sagicor Group  lost 35 cents and ended trading at $38.50, with 39,275 stock units, Salada Foods traded just 700 units, but lost 50 cents to close at $38, Scotia Group  dropped $1.89 to finish trading 195,910 shares at $51.11. Seprod climbed $2.50 to finish trading of 695,712 shares at $39, Stanley Motta  rose 30 cents to end at $5, with an exchange of 5,000 shares, Supreme Ventures rose 35 cents and finished trading of 12,668 units at $19.35. Sygnus Credit Investments rose 75 cents to end at $11 with an exchange of 16,550 shares and Victoria Mutual Investments lost 30 cents to settle at $3.70, with 236,520 shares changing hands.
Trading in the US dollar market resulted in 99,033 units valued at over $11,543 changing hands. Proven Investments traded 6,633 units to close at 22 US cents and Sygnus Credit Investments rose by 2 cents in exchanging of 92,400 shares at 11 US cents. The JSE USD Equities Index advanced by 6.87 points to close at 170.75.

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

More gains for TTSE stocks – Tuesday

February 12, 2019 by

Market activity on the Trinidad & Tobago Stock Exchange ended on Tuesday with trading in 15 securities against 15 on Monday, with 4 advancing, 2 declining and 9 remaining unchanged.
At close of the market, the Composite Index gained 0.47 points to end at 1,309.29. The All T&T Index rose 0.86 points to 1,708.41, while the Cross Listed Index inched 0.01 points higher to close at 122.98.
Trading ended with 255,808 shares at a value of $2,783,173, compared to 299,658 shares on Monday valued at $4,351,193.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 4 stocks with bids higher than their last selling prices and 2 with lower offers.
Stocks closing with gains | Ansa Mcal increased 20 cents and ended at $55.20, with an exchange of 60 units, First Citizens rose 5 cents to close at $34.10, after exchanging 500 shares, Sagicor Financial closed with a gain of 26 cents at $10, in exchanging 168,000 shares and Trinidad & Tobago NGL gained 11 cents and ended at $29.61, with 3,928 units changing hands.
Stocks closing with losses | JMMB Group share fell 1 cent and settled at $1.75, after trading 7,749 shares and Point Lisas shed 15 cents and ended at a 52 weeks’ low of $3.45, with 750 stock units changing hands.
Stocks closing firm | Clico Investments concluded trading of 5,370 stock units at $20.16, First Caribbean International Bank ended at $8.50, with 1,078 units changing hands, Guardian Holdings ended at $18, trading 2,094 units, National Enterprises closed at $8, with an exchange of 2,000 stock units, Prestige Holdings ended at $7.35, with an exchange of 1,000 units. Republic Financial Holdings completed trading 1,437 shares at $107.80, Scotiabank concluded market activity at $63.64, with 615 stock units changing hands, Trinidad Cement completed trading at $2.50, after exchanging 56,654 shares and West Indian Tobacco ended at $95.50, with 4,573 stock units changing hands.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , ,

More gains for JSE main market – Monday

February 11, 2019 by

Barita Investments dominated trading with 1.1 milliobn shares changing hands.

The main market of the Jamaica Stock Exchange closed on Monday with a second day of strong gains in the market indices with the prices of 16 rising, 13 declining and 4 remaining unchanged.
The JSE All Jamaican Composite Index jumped 3,028.23 points to close at 413,439.04 and the JSE Index climbed 2,756.09 points to close at 376,690.60 after both rose by more than 2,944 points on Friday.
Importantly, NCB financial that played a big role in many of the big movements in recent months had little impact in Mondays move and suggesting that investors’ interest is more broad-based now than a few weeks ago.
The main and US markets traded a total of 33 securities, compared to 31 securities trading on Friday.
Main market activity ended with, 3,396,161 units valued at $104,302,598 changing hands, in contrast to 7,016,682 units valued at $207,252,597, on Friday.
Barita Investments led trading with 1,113,243 units for 33 percent of the day’s volume, followed by Wisynco Group with 628,630 shares and accounting for 19 percent of the total main market volume changing hands and Seprod with 443,979 stock units for 13 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 10 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
An average of 106,130 units valued at an average of $3,259,456 for each security traded, in contrast to 241,955 units valued at an average of $7,146,641 on Friday. The average volume and value for the month to date amounts to 324,089 shares with a value of $11,497,407 and previously, 358,447 units valued $13,030,049. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
In main market activity, Barita Investments surprisingly, added 51 cents to close at $50.01, with the trading a large volume of 1,113,243 shares up to $52. Berger Paints gained 50 cents and ended at $20, with an exchange of a mere 100 stock units, Caribbean Cement rose 90 cents in trading 1,500 shares at $43, Jamaica Broilers climbed 50 cents in trading of 51,600 units, to close at 52 weeks’ closing high of $33.50. Jamaica Producers lost 50 cents to close at $22.50 and trading 6,000 shares, Jamaica Stock Exchange gained $1 and closed trading with 34,786 units changing hands, at a record close of $15, JMMB Group fell 70 cents concluded trading at $32.10, with 57,512 shares. Kingston Wharves rose $3.48 cents and settled at $72, with 6,449 units changing hands, Pulse Investments traded 2,000 units and lost 50 cents to close at $2.70, Salada Foods traded 10,860 units, but lost 50 cents to close at $38.50. Seprod rose $1.65 to finish trading of 443,979 shares at $36.50, Supreme Ventures lost 80 cents and finished trading 42,611 units at $19 and Sygnus Credit Investments lost 90 cents to end at $10.25 with an exchange of 49,018 shares.
Trading in the US dollar market resulted in 54,933 units valued at $57,130 changing hands as the sole stock trading, JMMB Group 6% preference share, lost 2 cents and concluded trading with 54,933 units at US$1.04. The JSE USD Equities Index closed at 163.88.

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

7 TTSE stocks gain 2 fell on Monday

February 11, 2019 by

Massy traded at a 52 weeks’ high on Monday.

Market activity on the Trinidad & Tobago Stock Exchange ended on Monday with trading in 15 securities against 20 on Friday, with 7 advancing, 2 declining and 6 remaining unchanged.
At close of the market, the Composite Index gained 0.98 points to close at 1,308.82. The All T&T Index rose 1.77 points to 1,707.55, while the Cross Listed Index added 0.02 points to close at 122.97.
Trading ended with 302,158 shares at a value of $4,351,193, compared to 240,095 shares on Friday valued at $9,611,692.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 3 stocks with bids lower than their last selling prices and 2 with lower offers.
Stocks closing with gains| Clico Investments rose 4 cents and closed at $20.16, with 16,875 stock units changing hands, Massy Holdings gained 34 cents to close at a 52 weeks’ high of $48, after exchanging 3,326 shares, One Caribbean Media finished 5 cents higher and settled at $10.40, after exchanging 50 shares. Republic Financial Holdings concluded trading of 195 shares after rising 14 cents to $107.80, after, Sagicor Financial added 63 cents and settled at $9.74, after exchanging 167,608 shares, Trinidad & Tobago NGL increased 20 cents and ended at $29.50, with 24,155 units changing hands and Unilever Caribbean rose 44 cents and settled at $25.50, after exchanging 104 shares.
Stocks closing with losses| Prestige Holdings fell 5 cents to $7.35, with an exchange of 44,293 units and Scotiabank fell 1 cent concluded trading 11,209 stock units at $63.64.
Stocks closing firm | Calypso Macro Index Fund traded 2,500 shares to close at $14, First Citizens completed trading at $34.05, after exchanging 1,513 shares, Grace Kennedy ended at $3.10, with 1,585 stock units changing hands. Guardian Holdings ended at $18, trading 10,835 units, JMMB Group settled at $1.76, after exchanging 5,207 shares and NCB Financial Group completed trading at $8.45, with an exchange of 12,703 shares.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , , , ,

Cement & General Accident top IC Top 10

February 11, 2019 by

IC Insider.com TOP 10 selections return after a break. The selections, are based on 2019 earnings. Quite a number of the 2018 TOP 10 listings appear again in this year’s lists.
New to the Junior Market, are Fontana that was listed in December last year, Lasco Manufacturing, ISP Finance and Medical Disposables. New to the TOP 10 main market list are Caribbean Cement, Sterling Investments, Radio Jamaica and Sygnus Credit Investments.
The three leading Junior Market stocks are General Accident, with potential gains of 310 percent, Stationery and Office Supplies 284 percent and ISP Finance with 250 percent.
The three leading main market stocks are, Caribbean Cement with likely gains of 152 percent, Radio Jamaica, 150 percent and Victoria Mutual investments 147 percent.
Fontana, is projected by IC Insider.com, to earn at 50 cents per share for the current year and should go on to boost earnings for the June 2020 much higher with the opening of its newest branch this year. The prospects for the stock is very good over the next two to three years with the expansion plans that the company has for it. Lasco Manufacturing’s profit for the December quarter was effectively flat at $197 million but is up a strong 32 percent for nine months period. With EPS at 17 cents for the year, to December, full year results could hit 25 cents per share with 2020 moving higher as new product lines deliver more sales and profit. ISP Finance has been gradually building the loan portfolio and reporting improved annual profits but investment in increased staffing to manage expansion has increased cost faster than growth in revenues. The company exhausted the cash on hand in 2018 and borrowed additional funds to expand their loan portfolio. 2019 should be the year that profit break out and justify the current stock price. Medical Disposables delivered improved results in the six months to September last year with increased revenues coming from the new consumer lines that have been added to the product range.
In the main market, the way seems clear for Caribbean Cement to break out this year with the plant upgrade now behind them and the discontinuation of costly import of cement to fill the gap left by lower production as the plant upgrade took place in 2018. The company will benefit from increased sales as the construction sector continues to grow and demand more cement to use in building. Sterling Investments’ share has been undervalued for sometime and remains so, even after a 5 for 1 stock split in late 2018 that help move the price up. Additional funds from a recent rights issue will place the company in a position to take advantage of other investment opportunities and boost profit. Radio Jamaica has not delivered on the improved profitability after merging with the Gleaner but with income showing some growth against an improving economy, the 2020 fiscal year could start showing improved results. Sygnus Credit Investments is an undervalued stock with earnings to the September quarter negatively affected by the slippage in the rate of exchange of the local currency. Exchange movements does not affect the underlying fundamentals of the company going forward.
The main market closed the week with the overall PE at 13 and the Junior Market at 10. The PE ratio for Junior Market Top 10 stocks average 6.1 and the main market PE is now 8.2.
The TOP 10 stocks now trade at an average discount of 39 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.

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JSE main market bounces – Friday

February 8, 2019 by

The main market of the Jamaica Stock Exchange enjoyed increased trading levels at the close on Friday over Thursday’s improved levels, leading the JSE All Jamaican Composite Index to jump 3,235.32 points to 410,410.81 and the JSE Index climbing by 2,944.56 points to 373,934.51.
Main market activity ended with, 7,016,682 units valued at $207,252,597 changing hands, in contrast with 4,986,769 units valued at $74,552,633, on Thursday.
The main and US markets traded a total of 33 securities, with prices of 13 rising, 9 declining with 9 remaining unchanged, compared to 31 securities trading on Thursday.
Wisynco Group led trading with 2,688,897 units for 38 percent of the day’s volume, followed by Grace Kennedy, with 1,521,787 shares and accounting for 22 percent of the total main market volume changing hands and Sygnus Credit with 543,056 stock units for 8 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 6 stocks ending with bids higher than their last selling prices and 5 closing with lower offers.
An average of 241,955 units valued at an average of $7,146,641 for each security traded. In contrast to 184,695 units for an average of $2,761,209 on Thursday. The average volume and value for the month to date amounts to 358,447 units valued $13,030,049 and previously, 523,805 units valued $16,891,062. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
In main market activity, Berger Paints lost $1.50 and ended at $19.50, with an exchange of 5,153 stock units, Jamaica Broilers climbed $4 in trading of 58,277 units, to close at $33, Jamaica Producers gained $1 to close at $23, trading 17,568 shares. Jamaica Stock Exchange closed trading with 81,864 units changing hands, with a rise of 5 cents to a record close of $14, Kingston Wharves lost 38 cents and settled at $68.52, with 266,720 units changing hands. Proven Investments traded 3,000 units and rose 50 cents to close at $27.50, Sagicor Group rose 25 cents in trading 25,424 stock units, to close at $38.80, Scotia Group fell 99 cents and finished trading of 489,552 shares at $53 and Sygnus Credit Investments lost 45 cents to end at $11.15 with an exchange of 543,056 shares.
Trading in the US dollar market resulted in 52,812 units valued at over $10,639 changing hands. JMMB Group 6% preference share concluded trading at $1.06 with 218 units, JMMB Group 5.75% preference share closed at $2 trading 2,114 shares, Proven Investments traded 14,180 units to close at 22 US cents and Sygnus Credit Investments exchanged of 36,300 shares at 9 US cents. The JSE USD Equities Index fell 5.54 points to close at 163.88.

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