Trading picks up on JSE Main Market

Wisynco producers of Wata, traded 3 million shares on Wednesday.

The Jamaica Stock Exchange All Jamaican Composite Index declined by 180.58 points to close at 316,958.10 on Wednesday and the JSE Index slipped 164.53 points to 288,784.67 from a pickup in market activity, with 29 securities changing hands versus 26 on Tuesday.
Cable & Wireless trading 2.1 million units, recently listed, Victoria Mutual Investments, closed trading with 1.9 million shares with the price rising to a new closing high of $4.40 for a gain of 40 cents and recent listed Wisynco traded 3 million shares and closed at $12.
Trading on the Main Market ended with 12 securities advancing, 10 declining and 7 traded firm with 9,357,015 units valued at $91,768,857 changing hands, compared to 11,226,286 units valued at $102,330,476 on Tuesday.
Trading ended with an average of 322,656 units for an average of $3,164,443 in contrast to 431,780 units for an average of $3,935,788 on Tuesday. The average volume and value for the month to date amounts to 374,242 units valued at $ 3,529,079. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 7 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 closing at 57 cents with 2,541 stock units changing hands and Proven Investments exchanged  3,070,230 units at 21 cents with the total value of of all shares traded amounting to US$705,914. The JSE USD Equities Index rose 8.87 points to end at 175.04.
The major movers at the close of the market are, Berger Paints jumped $1 to $18, JMMB Group surged $3 to $27, Mayberry lost $1 to $5, Pan Jam Investment fell $1.50 to $43.50, Salada Foods jumped by $1 to a new high of $13, Scotia Group dropped $1.90 to $51.10 and Supreme Ventures ended with a gain of $1.58 at $11.59.

For more details of market activities see – “JSE Main Market chills.”

JSE Main Market chills – Wednesday

True Juice orange juice bottled by Wisynco that traded more than 3.785M units on Wednesday.

Trading on the Main Market ended with 29 securities changing hands resulted in 12 advancing, 10 declining and 7 traded firm with 9,357,015 units valued at $91,768,857 changing hands.
Trading ended with the All Jamaican Composite declined by 180.58 points to close at 316,958.10 on Wednesday and the JSE Index slipped 164.53 points to 288,784.67.
In the main market activity, Barita Investments endded trading 44 cents higher at $7.94, with 6,085 units changing hands, Berger Paints climbed $1 to $18, trading 326,949 shares, Cable & Wireless settled with a loss of 1 cent at $1.39, with 2,140,830 shares, Caribbean Cement ended trading with a loss of 53 cents at $31.47, with 20,428 stock units. Carreras traded at $11.45, with 328,145 units, Ciboney Group finished trading at 37 cents, with 516 shares, Grace Kennedy closed at $43.50, with 82,650 shares, Jamaica Broilers ended with a loss of 59 cents at $17.21, with 3,555 stock units. Jamaica Producers concluded trading 5 cents higher at $16.55, with 6,000 units, Jamaica Stock Exchange finished with a loss of 5 cents at $7, with 88,166 shares, JMMB Group jumped $3 t0 $27, with 18,530 shares trading, Kingston Wharves traded 50 cents higher at $33, with 476 units. Mayberry Investments finished trading with a loss of $1 at $5, with 26,370 shares, NCB Financial Group closed at $99, with 13,121 shares, 1834 Investments ended at $1.30, with 20,000 stock units, PanJam Investment concluded trading with a loss of $1.50 to close at $43.50, with 378,000 units, Portland JSX finished with a loss of 5 cents at $9.95, with 2,000 shares. Pulse Investments settled 59 cents higher at $2.39, with 6,500 shares, Radio Jamaica ended trading 8 cents higher at $1.10, with 100,000 stock units, Sagicor Group traded with a loss of 30 cents at $35, with 4,100 units, Sagicor Real Estate Fund finished trading 50 cents higher at $14.50, with 595 shares. Salada Foods closed $1.50 higher at 52 weeks’ high of $13, with 1,000 shares, Scotia Group ended with a loss of $1.90 at $51.10, with 26,000 stock units, Seprod concluded trading at $31, with 10,600 units, Supreme Ventures settled $1.58 higher at $11.59, with 7,304 shares. VM Investments Limited ended trading 40 cents higher at $4.40, with 1,911,097 stock units and Wisynco Group traded with a loss of 50 cents at $12, with 3,785,911 units. In the main market preference segment, Jamaica Money Market Brokers 7.5% traded 27,300 units at $1.90 and JMMB Group 7.5% traded 14,787 units at $1.16.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Trading picks up on JSE Main Market.”

Trinidad’s falling stocks edged advancers

A total of 14 securities traded on the Trinidad & Tobago Stock Exchange on Wednesday against 11 on Tuesday, with 2 stocks advancing, 3 declining as 9 remained unchanged.
Market activity ended with a mere 165,319 shares with a value of $2,450,124 compared to 168,640 units on Tuesday, valued at $1,925,602.
The market continued where it left off on Tuesday with the Composite Index rising 0.97 points to 1,273.69. The All T&T Index declined 0.14 points to 1,722.24, while the Cross Listed Index inched 0.29 points higher to close at 110.61.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 4 with lower offers.
Gains| Grace Kennedy concluded trading and rose 5 cents changing hands at $3.05 with 2,093 units trading and Sagicor Financial closed with an increase of 17 cents at $8 with 3,125 shares changing hands.
Losses| Angostura Holdings ended with a loss of 5 cents closing at 15 with 375 stock units, First Citizens closed with a loss of 2 cents close at $32 with 10,000 shares trading and Guardian Holdings finished with a loss of 3 cents close at $17 with 20,750 shares being exchanged.
Firm Traded| Clico Investments traded finished at $21 with 53,690 units trading valued at $1,127,490, First Caribbean finished trading close at $9.15 with 225 shares, JMMB Group settled at $1.65 with 46,851 shares, National Enterprise closed with 290 shares changing hands at $9.80, NCB Financial Group concluded trading at $6.55 with 9,950 units. Republic Financial had with 521 shares changing hands at $101.50, Scotiabank ended at $60.10 with 1,564 shares changing hands, Trinidad & Tobago NGL finished with 11,385 shares valued at $301,703 changing hands at $26.50 and Trinidad Cement settled at $3.75 with 4,500 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.

VM Investments up 63% from IPO

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VM Investments gained 63% to end at $4 on Tuesday from the IPO price

The latest listing on the Main Market of the Jamaica Stock Exchange, Victoria Mutual Investments, closed trading with 2.35 million shares with the price rising to a new closing high of $4 for a gain of 63 percent from its IPO price of $2.45, after trading as high as $4.20.
The Main Market of the Jamaica Stock Exchange concluded trading on Monday with 26 securities changing hands versus 22 securities trading on Friday. The price of 10 stocks advanced, 11 declined and 5 traded firm with 11,226,286 units valued at $102,330,476 changing hands.
Trading ended with the All Jamaican Composite 622.57 points to 317,138.68 and the JSE Index advancing by 567.23 points to 288,949.20.
In the main market activity, Berger Paints finished 45 cents higher at $17, trading just 525 shares, Cable & Wireless settled 15 cents higher at $1.40, with 1,804,417 shares, Caribbean Cement ended trading with a loss of 50 cents at $32, with 9,800 stock units, Carreras traded 5 cents higher at $11.45, with 234,822 units. Ciboney Group finished trading with a loss of 4 cents down to 37 cents, with 728 shares, Grace Kennedy closed with a loss of 25 cents at $43.50, with 16,000 shares, Jamaica Broilers ended 10 cents higher at $17.80, with 26,937 stock units, Jamaica Producers concluded trading with a loss of 20 cents at $16.50, with 1,683 units. Jamaica Stock Exchange finished at $7.05, with 12,000 shares, JMMB Group settled with a loss of $1 to end at $24, with 65,054 shares trading, Kingston Properties ended trading at $7.70, with 3,100 stock units, NCB Financial Group closed with a loss of $1 to $99, with 50,823 shares. 1834 Investments ended 5 cents higher at $1.30, with 459,937 stock units, PanJam Investment concluded trading 25 cents higher at $45, with 5,341 units, Pulse Investments settled at $1.80, with 94,172 shares, Radio Jamaica ended trading with a loss of 3 cents at $1.02, with 159,905 stock units, Sagicor Group traded with a loss of $2.70 at $35.30, with 7,563 units. Sagicor Real Estate Fund finished trading with a loss of $1 to $14, with 5,589 shares, Salada Foods closed 25 cents higher at $11.50, with 117,951 shares, Scotia Group ended with a loss of 85 cents at $53, with 104,683 stock units, Seprod settled $1 higher at $31, with 3,250 shares. Supreme Ventures traded with a loss of $1.49 to end at $10.01, with 131,005 units, VM Investments finished trading 76 cents higher to a record close of $4, with 2,353,026 shares trading and WISYNCO Group closed 51 cents higher at $12.50, with 5,546,728 shares changing hands. In the main market preference segment, Jamaica Money Market Brokers 7.25% traded 4,266 units at $2.49, Jamaica Money Market Brokers 7.5% traded 6,981 units at $1.90.

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 starts 2018 with gains.”

Trinidad stocks start 2018 down

Unilever Caribbean at 6-1/2 year low of $27 & clearly heading lower.


Trading on the Trinidad & Tobago Stock Exchange on Tuesday saw a total of 11 securities trading against 14 on Friday, with 2 stocks advancing, 3 declining as 6 remained unchanged.
Market activity ended with a mere 168,640 shares with a value of $1,925,602 on the first day of 2018, up from 109,529 units on Friday, valued at $2,139,960.
The newyear started with the Composite Index rising 0.92 points on Friday to 1,266.35. The All T&T Index declined 1.16 points to 1,728.75, while the Cross Listed Index inched 0.41 points higher to close at 108.38.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 5 with lower offers.
Gains| First Citizens closed with a rise of 2 cents to close at $32.02 with 355 shares and NCB Financial Group gained 35 cents in finishing at $6.55 with 2,050 stock units.
Losses| Point Lisas traded 107 units with the price falling 14 cents to $3.80, Republic Financial ended with a loss of 1 cent at $101.50 with 951 stock units trading and Unilever Caribbean closed with a loss of $2 changing hands at six and a half year low of $27, the lowest price since it closed at $28 on July 7, 2011 with 166 shares trading.
Firm Traded| JMMB Group ended trading at $1.65 with 29,625 stock units, Massy ended trading at $48.02 with 210 stock units changing hands, Sagicor Financial concluded trading with 400 units to close at $7.83, Scotiabank ended at $60.10 with 2,864 shares changing hands, Trinidad & Tobago NGL ended at $26.50 after hitting a low for the day at $16.10, in trading 1,300 stock units and West Indian Tobacco ended at $100 with just 10 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Junior stocks beat majors in 2017

Junior market stocks performed better than main market stocks in 2017 but that performance does not show in the gains in the market indices of both markets.
A cursory look at the Junior and Main Market indices would lead to the conclusion that investors in the main market were far better off in 2017 that their Junior Market counter path. Such a conclusion would be completely wrong. The Junior Market rose just 5.3 percent at the end of the year, down from a high of 31 percent in May, compared with almost 51 percent gain for the main market for, the full year.
Data is showing that while the Junior Market index was barely up, 8 stocks gained more than 100 percent compared to 6 in the main market. 7 Junior Market stocks rose between 50 percent and 76 percent and 9 gained between 52 percent and 81 percent in the main market. Importantly, the average gains for the Junior Market is 79 percent and losses, an average of 20 percent for a net gain of 59 percent. The average main market stock rose 68 percent while losses averaged 22 percent, a net of 48 percent.
A 43 percent fall in the price of the heavily weighted, Lasco Distributors and 14 percent in Lasco Manufacturing dented the Junior Market index in a big way.
The main market benefitted from big gains in heavy weighted, Supreme Ventures, NCB Financial, Jamaica Producers, JMMB Group, Carreras and Scotia Group with increases of 61 to 100 percent. Added to that PanJam Investment gained 60 percent, Cable and Wireless 56 percent and Sagicor Group 31 percent.

Pulse no 1 stock in 2016 & 2017

Data going back 30 years show that on only very rare occasions more than 2 stocks appear in the TOP for two consecutive years. 2017 is one such exception with 3 stocks doing so.
Pulse Investments retains the number 1 best performing main market stock position in 2017 with a gain of 256 percent, the stock also was also in the TOP 10 in 2016 at number 1 position for local stocks with gains, then of 350 percent. Berger Paints ended at the number 6 best performing stock in 2016 with gains of 200 percent and repeated in the 2017 TOP 10 with a rise of 196 percent, for the 2017 number 2 spot. Palace Amusement ended at 7 position in 2016 with a rise of 134 percent and rose 187 percent in 2017 to hold down the number 3 spot and is followed by Supreme Ventures at number 4.
The stocks from the 2017 top 10 that could repeat in 2018 include Berger Paints, Palace and Pulse, with JMMB Group looking to have a chance.

JSE Main Market gains 50% for 2017

Trading on the Jamaica Stock Exchange ended with the All Jamaican Composite Index jumping 4,310.37 points to close at 316,516.11 for a gain of 50.6 percent for the year and the JSE Index advancing by 3,927.24 points to 288,381.97 ending 2017 with a rise of 50 percent.
Trading on the Main Market ended on Friday with 26 securities changing hands, 11 advanced, 4 declined and 11 traded firm resulting in 10,210,190 units valued at $125,309,363 trading, compared to 4,648,646 units valued at $69,664,482 from 22 securities changing hands on Thursday.
The exchange latest listing, Victoria Mutual Investments, traded on the main market on Friday and closed at $3.24 for a gain of 32 percent from its IPO price of $2.45, after trading as high as $4. Previously listed Wisynco traded 5 million shares and closed at $11.99 after hitting an all-time high of $13.80 during the day.
Trading ended with an average of 392,700 units for an average of $4,819,591 in contrast to 211,302 units for an average of $3,166,567 on Thursday. The average volume and value for the month to date amounts to 686,156 units valued at an average of $8,654,832 and previously 701,126 units valued at an average of $8,851,977. In contrast, November 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 in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 15 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Traded in the US dollar market ended with Productivity Business Solutions trading 65,374 shares and closed 57.5 US cents after rising 0.50 cent and Proven Investments US ordinary share gained 2 US cents with 3,400 units changing hands to end at 21 US cents, the total value of trading amounted to US$38,138 with the JSE USD Equities Index closing 6.84 points higher at 166.17.
The major movers at the close of the market are, JMMB Group traded 1.26 million shares and rose by $2 to $25, NCB Financial climbed $1.50 to $100, Sagicor Group jumping by $2.24 to $37.99, Scotia Group surged $3.75 to $53.85 and Wisynco traded 5 million shares and rose $1.90 to $11.99. Cable & Wireless traded with a gain of 15 cents to end at $1.25 before news officially broke that the majority owners were making an offer of $1.45 for each minority share.

For more details of market activities see – “VM Investments up 32% on first trading day.”

Trinidad stocks down for second year

A lackluster year came to an end for Trinidad & Tobago Stock Exchange on Friday with trading in 14 securities against 11 on Thursday, with 4 stocks advancing, 3 declining with 7 closing unchanged.
The year closed with Composite Index rising 0.92 points on Friday to 1,266.35 with a rise of 4.7 percent for the year. The All T&T Index declined 1.16 points to 1,728.75, increasing the year’s fall to 5.75 percent while the Cross Listed Index inched 0.41 points higher to close at 108.38 for a gain of 38.12 percent for the full year. In 2016 Trinidad stocks lost 5.86 percent after ending 2015 with no change.
Market activity ended with a mere 109,529 shares with a value of $2,139,960 traded, rising above the 95,251 units changing hands on Thursday, valued at $1,845,641.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 4 with lower offers.
Gains| JMMB Group ended trading increase by 10 cents with 20,860 stock units and closed at $1.65 Massy ended rose 2 cents to $48.02 with 681 stock units changing hands, National Flour finished 1 cent higher at $1.91 with 1,154 shares and Point Lisas traded 2,000 units with the price rising 4 cents to $3.94.
Losses| Angostura Holdings ended with a loss of 15 cents with 75 stock units, to close at $15.05, Guardian Holdings finished with a loss of 22 cents to end at $17.03 with 16,076 shares changing hands and Republic Financial ended with a loss of 7 cents at $101.51 with 178 stock units.
Firm Traded| First Citizens closed with 861 shares at $32, Grace Kennedy concluded trading with 350 units at $3, National Enterprises concluded trading with 399 units at $9.80, Sagicor Financial concluded trading with 1,600 units to close at $7.83. Trinidad & Tobago NGL ended at $26.50, trading 65,000 stock units valued at $1,722,500, Trinidad Cement traded 250 units and closed at $3.75 and Unilever Caribbean finished trading just 45 shares at $29.
Prices of securities trading for the day are those at which the last trade took place.

VM Investments up 32% first trading day

VM Investments gained 32% to end at $3.24 on Friday

The latest listing on the Main Market of the Jamaica Stock Exchange, Victoria Mutual Investments, traded after listing on Friday and closed at $3.24 for a gain of 32 percent from its IPO price, after trading as high as $4 while trading 782,853 shares.
Wisynco that listed on Thursday, closed at $11.99 on heavy trading to gain 52 percent since the public issue in December.
The Main Market of the Jamaica Stock Exchange concluded trading on Friday with 26 securities changing hands, 11 advanced, 4 declined and 11 traded firm with 10,210,190 units valued at $125,309,363.
Trading ended with the All Jamaican Composite Index surging 4,310.37 points to 316,516.11 for a gain of 50.6 percent for the year and the JSE Index jumping by 3,927.24 points to 288,381.97, ending 2017 with a rise of 50 percent versus 22 securities trading on Thursday.
In main market activity, Barita Investments concluded trading with a loss of 45 cents at $7.50, with 11,075 units, Berger Paints finished 4 cents higher at $16.55, with 12,000 shares, Cable & Wireless settled 15 cents higher at $1.25, with 918,469 shares, Caribbean Cement ended trading at $32.50, with 12,000 stock units, Carreras traded at $11.40, with 82,669 units. Grace Kennedy closed 75 cents higher at $43.75, with 118,915 shares, Jamaica Broilers ended with a loss of 30 cents at $17.70, with 13,300 stock units, JMMB Group ended trading $2 higher at $25, with 1,255,076 stock units, Jamaica Producers concluded trading at $16.70, with 104,033 units, Jamaica Stock Exchange finished 5 cents higher at $7.05, with 49,297 shares. Kingston Wharves ended trading at $32.50, with 9,204 stock units, Mayberry Investments traded at $6, with 89,353 units, NCB Financial finished trading $1.50 higher at $100, with 38,507 shares, PanJam Investment ended with a loss of 5 cents at $44.75, with 15,429 stock units. Radio Jamaica settled at $1.05, with 185,174 shares, Sagicor Group ended trading 1 cent higher at $38, with 136,913 stock units, Sagicor Real Estate Fund traded at $15, with 8,817 units, Salada Foods finished trading with a loss of 25 cents at $11.25, with 32,049 shares. Scotia Group closed $3.75 higher at $53.85, with 76,440 shares, Sterling Investments gained $1 and closed at $13, with 7,470 shares, Supreme Ventures ended trading at $11.50, with 515,544 stock units and Wisynco Group traded $1.90 higher to end at a closing record high of $11.99, with 5,090,376 units. In the main market preference segment, Jamaica Money Market Brokers 7.5% traded 550,000 units at $1.90, JMMB Group 7.5% traded 94,000 units at $1.15 and Proven Investments 8.25% ended with 1,227 units trading at $5.90.

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 gains 50% for 2017.”

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