Access & NCB in TOP 10

NCB Financial Group enters TOP 10

The main market of the Jamaica Stock Exchange closed at new record high on Friday, the seond week in a row that it doing so and in the process the all Jamaica Composite Index broke the 300,000 mark for the first time.
While the main market is making new highs, with gains of 43 percent for 2017, the junior market with gains of 30 percent at its peak this year, is now up just 12 percent for the year to date. Access Financial returned to the Junior Market list and NCB Financial to the main market list even as the latter price moved back to $91 at the end of the week and with just 33,603 units being offered for sale.
Suspension of the trading in Berger Paints shares is expected lifted on Tuesday, October 17. At the time of this report, no information was available on the level of take up of the buyout offer for the minority of the company’s shares by Ansa Coatings. The stock that traded at $11.25 when trading was suspended, should climb with the March 2018 full year’s earnings should hit $2.30 per share.
Investors continue to switch attention from Junior Market, to main market stocks, with the latter having pierced resistance around 300,000 points on the all Jamaica Composite Index could now be heading much higher as it moves on to the next major resistance at 360,000 point range on or before the end of the year.
At the close of Friday, the average PE ratio for the Junior Market Top stocks is at 7.9 and a PE at 7.1 for the main market TOP 10. The average PE for the overall main market trades at 13.5 and 13.1 for Junior Market, based on 2017 estimated earnings.
At the close of the week, IC Insider.com’s TOP 10 stocks now trade at an average discount of 40 percent to the average of the market for Junior Market Top stocks and it remains at 47 percent for the main market.

Sagicor out C&W in TOP 10

JMMB Group Traded at a new high of $27.99 on Friday.

In a week when Jamaica Stock Exchange main market closed at record high each day, JMMB Group that IC Insider.com said was itching to rise, surged to an intraday high of $27.99 and ended at a record close of $25.11 but still remains in the TOP 10 Main market stocks.
Cable and Wireless is the only new entrant to the listings, just edging out Sagicor Group in the main market, there were no new change to the Junior Market list. With the company now clearly in the profit lane things should be getting even better in 2018 making it a long term investment proposition. Barita Investments came in for increased selling in late September and still remains under pressure with limited buying interest, as investors await details of the offer from Cornerstone, to acquire majority shares in the company. This could be a case of investors missing the bus by waiting, with the net asset value at $7 as of June this year and the price just 10 percent above.
Trading in shares of Berger Paints was suspended on Thursday with resumption scheduled for October 17, the stock has been trading ahead of the price of $10.88 offered by Ansa Coatings and should be trading in the $20 region, and is clearly one for the future with growth taking place in the construction sector. All indications suggest that very few shareholders will take up the offer when it closes at the end of Monday.
Investors appear to have switched attention from Junior Market to main market stocks, with the latter seemingly set to break through short term resistance around 300,000 points on the all Jamaica Index on the way to the next major resistance at 365,000 point range.
The average PE ratio for the Junior Market Top stocks is at 7.7 and a PE at 7.1f or the main market TOP 10. The average PE for the overall main market trades at 13.6 and 13.2 for Junior Market, based on 2017 estimated earnings.
At the close of the week, IC Insider.com’s TOP 10 stocks now trade at an average discount of 42 percent to the average of the market for Junior Market Top stocks and it remains at 48 percent for the main market.

Prices up volume down on Junior market

The level of trading on the Junior Market of the Jamaica Stock Exchange fell sharply on Tuesday from the levels on Friday, resulting in an exchange of 533,674 units valued at $2,239,006 compared to 2,098,509 units valued at $11,226,036 on Monday.
At the close of market activities, with 17 securities changing hands, the prices of 8 advanced, 3 declined and 6 remained with the prices unchanged, leading to the Junior Market Index advancing by 25.83 points to close at 2,960.40.
Trading ended with an average of 31,393 units for an average of $131,706 in contrast to 83,940 units for an average of $449,041 on Monday. The average volume and value for the month to date amounts to units 320,596 valued at $62,671 previously. In contrast, September closed with average of 234,437 units valued at $1,295,260 for each security traded.
Trading ended with the market sentiments looking mixed for Monday having implications for the next day trading activity as 4 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market the volume of stocks units changing hands and their last traded price are: AMG Packaging that traded at $3.50, with 41,175 shares, Caribbean Cream finishing at $6, with 5,138 units, Caribbean Producers concluding trading at $3.60, with 76,978 stocks units. In other trading activities, Dolphin Cove settled 1 cent higher at $17.50, with 1,000 units, Express Catering traded with a loss of 16 cents at $4, with 22,544 shares, General Accident closed at $2.50, with 25,000 units, Honey Bun finished 20 cents higher at $4.50, with 2,000 units, Jetcon Corporation settled 22 cents higher at $4.50, with 84,479 units, Key Insurance finished with a loss of 25 cents at $4, with 4,000 shares. Knutsford Express settled 34 cents higher at $14.89, with 1,000 units, Lasco Distributors closed with a loss of 5 cents at $6.25, with 13,000 stock units changing hands, Lasco Financial rose 40 cents to $4.15, with 141,296 shares, Lasco Manufacturing climbed 40 cents to $4.20, with 19,750 units, Main Event gained 10 cents to end at $5.10, with 44,794 shares, Paramount Trading concluded trading at $2.80, with 8,900 units, Stationery and Office closed with a loss of 10 cents at $4.75, with 38,095 units and in the junior market preference segment, Eppley ended trading 5 cents higher at $6.55, with 4,525 stocks units.

Junior market suffers big fall – Friday

Starbucks one of the brands Express Catering will sell at the Montego Bay Airport.

The Junior Market Index suffered a big fall of 52.63 points on Friday to close at 2,906.77 and down 192.13 points or 6 percent for September due mainly to a fall of 42 cent in the price of Express Catering.
Trading ended on Friday with 21 securities changing hands, resulting in an exchange of 1,889,929 units valued at $9,948,506 compared to 538,080 units valued at $2,509,546 on Thursday.
At the close of market activities, at of 8 securities advanced with the last price, 6 declined and 7 remained with prices unchanged.
Trading ended with an average of 89,997 units for an average of $473,738 in contrast to 29,893 units for an average of $139,419 on Thursday. The average volume and value for the month to date amounts to 116,176 units valued at $538,652 compared to $117,485 valued at $541,898 previously. In contrast, August closed with average of 234,437 units valued at $1,295,260 for each security traded.
Trading ended with the market sentiments looking positive for Monday trading activity as 7 stocks ended with bids higher than their last selling prices and 1 with lower offers.
At the close of the market the volume of stocks units changing hands and their last traded price are: Access Financial trading at $42, with 3,068 shares, AMG Packaging falling 30 cents to $3.20, with 69,088 units. Elsewhere, CAC 2000 finished at $7, with 96,192 stocks units, Caribbean Cream ended trading 10 cents higher at $6, with 49,816 shares, Caribbean Flavours ended 40 cents higher at $12, with 20,800 shares, Caribbean Producers gained 15 cents to $3.75, with 70,025 units, Dolphin Cove traded 49 cents higher at $17.49, with 5,144 stocks units, Eppley 10% preference share ended with a loss of 5 cents at $6.55, trading 396,000 units. Express Catering closed with a loss of 42 cents at $4, with 15,440 stock units, General Accident traded 14 cents higher at $2.74, with 76,990 shares, Jamaican Teas finished with a loss of 10 cents at $3.90, with 14,003 stocks units changing hands, Jetcon Corporation closed at $4.50, with 176,657 units, Key Insurance concluded trading at $4.25, with 36,935 stocks shares, Knutsford Express rose 9 cents to $14.89, with 300 shares, Lasco Distributors ended with a loss of 8 cents at $6.30, with 237,602 units, Lasco Financial traded 2 cents higher at $4.02, with 58,760 stocks units. Lasco Manufacturing concluded trading at $3.80, with 216,256 shares, Main Event closed 25 cents higher at $5.25, with 22,653 units, Paramount Trading ended with a loss of 1 cent at $2.70, exchanging 1,000 shares, Stationery and Office finished at $4.80, with 323,000 stocks units and tTech finished with a loss of 50 cents at $7.05, with 200 stocks changing hands.
The bid and offer volumes for some securities have not been updated and are reported as they were at the close on Thursday, these are mostly Main Event except Medical Disposables down to Eppley preference shares.

Junior stocks falter again

Trading on the Junior Market of the Jamaica Stock Exchange traded on Thursday with 18 securities changing hands, resulting in an exchange of just 538,080 units valued at $2,509,546 compared to 2,043,273 units valued at $10,429,058 on Wednesday.
At the close of market activities, the prices of 4 securities advanced, 7 declined and 7 remained with prices unchanged leading to the Junior Market Index declining by 22.92 points to close at 2,959.40.
Trading ended with an average of 29,893 units for an average of $139,419 in contrast to 97,299 units for an average of $496,622 on Wednesday. The average volume and value for the month to date amounts to 117,485 units valued at $ $541,898 and 122,095 units at an average of $563,081, previously. In contrast, August closed with average of 234,437 units valued at $1,295,260 for each security traded.
Trading ended with the market sentiments looking mixed for Friday’s trading as 4 stocks ended with bids higher than their last selling prices and 5 with lower offers.
At the close of the market the volume of stocks units changing hands and their last traded price are: Caribbean Cream finishing with a loss of 20 cents at $5.90, with 24,714 stock units, Caribbean Producers trading with a loss of 15 cents at $3.60, with 104,000 shares, Dolphin Cove ended at $17, with 1,000 units changing hands. Elsewhere, Express Catering ended with a loss of 8 cents at $4.42, with 69,009 stock units, General Accident traded at $2.60, with 5,607 shares, Honey Bun finished 10 cents higher at $4.30, with 5,723 units, Jamaican Teas finished 22 cents higher at $4, with 48,600 shares, Jetcon Corporation ended trading at $4.50, with 2,500 shares. Key Insurance settled at $4.25, with 200 stock units, Knutsford Express settled with a loss of 9 cents at $14.80, with 10,859 units, Lasco Distributors ended trading 8 cents higher at $6.38, with 52,465 shares trading, Lasco Financial traded with a loss of 6 cents at $4, with 86,227 stock units, Lasco Manufacturing fell 20 cents to $3.80, with 43,243 shares, Main Event settled at $5, with 33,302 units, Medical Disposables traded at $5.30, with 2,000 shares, Paramount Trading finished 1 cent higher at $2.71, with 200 stock units changing hands, Stationery and Office closed at $4.80, with 48,070 units and tTech ended with a loss of 4 cents at $7.55, with a mere 361 shares.

TOP 10 – SOS & Barita back in

The recently listed Stationery and Office Supplies is back in the Junior Market Top 10 stocks along with CAC 2000 with the price falling to $6.50 while Barita Investments with a fall in price to $8 is back in the Main market list.
Barita Investments has come in for increased selling and limited buying as investors await details of offer from Cornerstone for the majority of the company’ shares.
Investors should keep an eye on Berger Paints this week, as investors could push this one higher as they sense the continuation of listing for the stock and a bounce when offer by Ansa Coatings closes early in October. JMMB Group is itching to rise with limited supply and guarded buying.
The average PE ratio for the Junior Market Top stocks is at 7.7 and the PE for the main market TOP 10, ends the week at 6.8. The average PE for the overall main market trades at 13.1 and 13.4 for Junior Market, based on 2017 estimated earnings.
At the close of the week, IC Insider.com’s TOP 10 stocks now trade at an average discount of 43 percent to the average of the market for Junior Market Top stocks and it remains at 48 percent for the main market.

Junior market trading jumps – Wednesday

Main Event was the leading trade with more than 1 million shares on Wednesday.

Trading on the Junior Market of the Jamaica Stock Exchange picked up by more than 300 percent on Wednesday with 21 securities changing hands, resulting in an exchange of 2,043,273 units valued at $10,429,058 compared to 463,032 units valued at $2,269,157 on Tuesday.
At the close of market activities, the Junior Market Index advanced by 13.65 points to close at 2,982.32 as the prices of 8 advanced, 9 declined and 4 remained unchanged based on last traded prices.
Trading ended with an average of 97,299 units for an average of $496,622 in contrast to 24,370 units for an average of $119,429 on Tuesday. The average volume and value for the month to date, amounts to 122,095 units valued at $563,081 and previously, 123,473 units at $566,773. In contrast, August closed with average of 234,437 units valued at $1,295,260 for each security traded.
Trading ended with the market sentiments looking mixed and having implications for the next day trading activity as 3 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market the volume of stocks changing hands and their last traded price are: AMG Packaging traded 30 cents higher at $3.50, with 1,632 units, Cargo Handlers finished with a loss of 1 cent at $11.08, with 95,394 shares, Caribbean Flavours ended with a loss of 20 cents at $11.60, with 4,273 stock units, Caribbean Producers closed 15 cents higher at $3.75, with 4,752 units, Derrimon Trading closed with a loss of 1 cent at $7.99, with 1,961 shares. Dolphin Cove closed at $17, with 326 stock units trading, Express Catering finished at $4.50, with 305,066 shares, Honey Bun closed 15 cents higher at $4.20, with 4,577 stocks trading, Jamaican Teas settled with a loss of 22 cents at $3.78, with 26,100 shares trading, Jetcon Corporation concluded trading at $4.50, with 69,020 units, Key Insurance settled 25 cents higher at a new high of $4.25, with just 100 units. KLE Group traded with a loss of 6 cents at $2.80, with 8,000 stock units, Knutsford Express gained 39 cents to $14.89, with 10,400 shares, Lasco Distributors concluded trading with a loss of 30 cents at $6.30, with 41,455 shares, Lasco Financial ended 6 cents higher at $4.06, trading 304,402 stock units, Lasco Manufacturing ended 40 cents higher at $4, with 1,000 shares, Medical Disposables ended 30 cents higher at $5.30, with 4,000 units, Main Event traded with a loss of 5 cents at $5, with 1,009,579 shares. Stationery and Office closed at $4.80, with 84,437 stocks, tTech traded with a loss of 1 cent at $7.59, with 46,799 shares and Derrimon Trading preference share ended with a loss of 1 cent at $2, with 20,000 shares changing hands.

Juniors drop again – Tuesday

Lasco Manufacturing dropped 40 cents to push Junior Market down.

Trading on the Junior Market of the Jamaica Stock Exchange settled on Tuesday with 19 securities changing hands, resulting in an exchange of 463,032 units valued at $2,269,157.
Tuesday’s trading compares well to the 20 securities changing hands on Monday, leading to a total of 394,030 units valued at $1,640,793. The Junior Market Index declined by 22.93 points to close at 2,968.67. At the close of market activities, the prices of 5 advanced, 6 declined and 8 remained with the prices unchanged as shown by the last traded price for the day.
Trading ended with an average of 24,370 units for an average of $119,429 in contrast to 20,738 units for an average of $86,358 on Monday. The average volume and value for the month to date, amounts to 123,473 units valued at $566,773 and previously 129,302 shares with an average value of $593,087. In contrast, August closed with average of 234,437 units valued at $1,295,260 for each security traded. Trading ended with the market sentiments looking weak and having implications for the upcoming trading session as 2 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market the volume of stocks changing hands and their last traded price are: Access Financial that finished at $42, with just 241 stocks changing hands, AMG Packaging settling with a loss of 5 cents at $3.20, while trading 236 shares, Cargo Handlers concluding trading at $11.09, with 22,554 stock units trading. Caribbean Producers finished at $3.60, trading 32,489 shares, Derrimon Trading ended at $8, with 7,550 shares, Dolphin Cove settled $1 higher at $17, with 5,273 units changing hands, Express Catering concluded trading 10 cents higher at $4.50, with 37,609 units, Eppley ended with a loss of 20 cents at $11.80, with 5,915 shares, General Accident closed at $2.60, with 9,551 units. Jamaican Teas closed with a loss of 5 cents at $4, with 575 units, Jetcon Corporation finished at $4.50, with 11,900 shares, Key Insurance concluded trading at $4, with 15,383 shares, KLE Group traded at $2.86, with 3,457 units, Lasco Distributors settled with a loss of 15 cents at $6.60, with 5,550 shares, Lasco Financial closed with a loss of 10 cents at $4, with 30,058 units, Lasco Manufacturing finished with a loss of 40 cents at $3.60, with 180,667 shares, Main Event ended 60 cents higher at $5.05, with 5,940 stocks changing hands, Stationery and Office settled 5 cents higher at $4.80, with 69,149 units and tTech concluded trading 5 cents higher at $7.60, with 18,935 shares.

Junior Market drops below 3,000 points

Trading on the Junior Market of the Jamaica Stock Exchange closed with 19 securities changing hands, the same as on Friday, resulting in an exchange of only 394,030 units valued at $1,640,793 compared to 2,279,940 units valued at $14,635,254 on Friday.
The market Index declined by 12.08 points to close at 2,991.60, with prices of the last trades resulting in 4 advancing, 6 falling and 9 remaining unchanged.
Trading ended with an average of 20,738 units for an average of $86,358 in contrast to 119,997 units for an average of $770,277 on Friday. The average volume and value for the month to date amounts to units 129,302 valued at $593,087, compared to 136,087 units at an average of $624,758 previously. In contrast, August closed with average of 234,437 units valued at $1,295,260 for each security traded. Trading ended with the market sentiments looking mixed and having implications for Tuesday’s trading activity as 2 stocks ended with bids higher than their last selling prices and 1 with a lower offer.
At the close of the market the volume of stocks changing hands and their last traded price are: Cargo Handlers traded 9 cents higher at $11.09, with 500 units, Caribbean Cream finished with a loss of 40 cents at $6.10, with 1,000 stock units, Caribbean Producers concluded trading with a loss of 20 cents at $3.60, with 93,333 shares, Derrimon Trading ended at $8, with a mere 903 units, Express Catering concluded trading at $4.40, with 20,314 stocks changing hands, General Accident closed with a loss of 10 cents at $2.60, with 29,426 shares, Honey Bun concluded trading 5 cents higher at $4.05, with 1,160 units, Iron Rock settled at $2.80, with 13,303 shares, Jamaican Teas closed at $4.05, with just 1,751 stock units, Jetcon Corporation traded 10 cents higher at $4.50, with 25,797 shares, Key Insurance traded at $4, with 10,415 units, KLE Group traded at $2.86, with 4,400 shares changing hands, Lasco Distributors settled with a loss of 5 cents at $6.75, with 10,551 stock units, Lasco Financial closed 10 cents higher at $4.10, with 9,851 units, Lasco Manufacturing ended at $4, with 103,799 shares, Main Event ended with a loss of 83 cents at $4.45, with 19,939 units, Medical Disposables concluded trading at $5, with 1,400 stocks trading, Stationery and Office finished with a loss of 9 cents at $4.75, with 26,188 stock units and tTech traded 20,000 shares at $7.55.

Junior Market hangs on to 3,000 points

Caribbean Cream gained 6o cents to close at $6.50.

Trading on the Junior Market of the Jamaica Stock Exchange closed on Friday with 19 securities changing hands, resulting in an exchange of 2,279,940 units valued at $14,635,254 compared to 468,877 units valued at $2,858,513 on Thursday.
The climb in the volume and value traded is due to trading in nearly 17 million units of Eppley preference shares.
At the close of market activities, the prices of 6 advanced, 8 declined and 4 remained with the prices unchanged, based on the last price each traded at. The Junior Market Index declined by just 0.37 points to close week at 3,003.68.
Trading ended with an average of 119,997 units for an average of $770,277 in contrast to 29,305 units for an average of $178,657 on Thursday. The average volume and value for the month to date amounts to 136,087 units valued at $624,758 and 137,160 units valued at $615,057, previously. In contrast, August closed with average of 234,437 units valued at $1,295,260 for each security traded.
Trading ended with the market sentiments looking mixed but with an improvement over the signals at the close on Thursday suggesting that market activity could be a bit better than for Friday. Friday’s trading activity, ended with 6 stocks with bids higher than their last selling prices and 4 with lower offers.
The volume of stocks changing hands and the last price traded for the day are as follows: AMG Packaging concluded trading 10 cents higher at $3.25, with 39,184 shares, Blue Power traded at $45, with only 100 units changing hands, CAC 2000 concluded trading with a loss of 35 cents at $7, with 11,300 shares changing hands, Caribbean Cream added 60 cents to close at $6.50, with 100,000 units trading, Caribbean Producers ended trading at $3.80, with 49,165 stock units switching owners. Consolidated Bakeries settled with a loss of 10 cents at $2.30, with 9,897 shares, Derrimon Trading closed with a loss of 90 cents at $8, with just 1,597 units, Express Catering settled with a loss of 7 cents at $4.40, with 2,329 shares trading. Honey Bun traded 20 cents higher at $4, with 400 shares, Jamaican Teas finished 25 cents higher at $4.05, with a mere 300 stock units switching owners, Jetcon Corporation closed with a loss of 10 cents at $4.40, with 247,000 units, KLE Group lost 10 cents trading at $2.86, with 5,500 stocks trading. Knutsford Express settled at $14.50, with 2,900 shares changing hands, Lasco Distributors traded at $6.80, with 6,469 units, Lasco Financial concluded trading 7 cents higher at $4, with 11,014 stock units. Medical Disposables finished 50 cents higher at $5, with 1,100 shares. Main Event traded with a loss of 32 cents at $5.28, trading 87,488 shares, Stationery and Office closed with a loss of 1 cent at $4.84, with 37,210 stocks changing hands and Eppley 9.5% preference share, finished with a loss of 25 cents at $7 as 1,666,987 shares changed hands.