Kingston Properties

JSE Main Market slips on Thursday

May 21, 2020 by IC Insider.com

Jamaica Stock Exchange’s main market lost altitude in Thursday’s trading as declining stocks edged out advancing ones on a day with moderately less volume trading at a higher value than on Wednesday.
At the close, the JSE All Jamaican Composite Index declined 505.76 points to 416,769.58, the JSE Market Index shed 457.79 points to close at 379,953.77 and the JSE Financial Index lost 0.99 points to end at 99.73.
The market closed with 43 securities changing hands in the Main and US dollar markets with prices of 17 stocks advancing, 19 declining and seven securities trading firm. The JSE Main Market activity ended with 41 securities accounting for 11,035,315 units valued $112,835,625, in contrast to 11,610,708 units valued at $178,231,093 from 46 securities on Wednesday.
Trading was more evenly spread among stocks, than for some time and ended, with Wigton Windfarm trading 2.4 million shares for 21.5 percent of total volume. Trans Jamaican Highway followed with 2.05 million units for 18.6 percent of the day’s trade and Sagicor Select Financial Fund, with 2 million units for 18 percent market share.
The Market closed with an average of 269,154 units of $2,752,088 for each security traded, in contrast to 283,188 units valued at an average of $4,347,100 on Wednesday. The average volume and value for the month to date amount to 348,777 units valued at $2,908,729 for each security changing hands, compared to 354,034 units with an average value of $2,919,802. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and eight stocks closing with lower offers. The PE ratio of the market ended at 14.4, while the Main Market ended at 14.8 times 2020-21 earnings.
In the Main Market activity, Barita Investments closed 50 cents lower at $50.50, in exchanging 6,647 units, Caribbean Cement shed 49 cents trading 9,810 units and closed at $49.50, Jamaica Producers fell $1.40 to $20.10, with a transfer of 168,477 shares. Jamaica Stock Exchange added $1.07 to end at $22.97, after swapping 66,339 shares, Key Insurance declined to $4.50, with a loss of $1 after exchanging 97,762 shares, Kingston Properties gained 30 cents to finish at $6.30, in transferring 6,000 units. Kingston Wharves climbed $4.25 to $58.25, with 1,327 units changing hands, Mayberry Investments lost 40 cents to close at $5.60 with 30,485 stock units changing hands, Mayberry Jamaican Equities exchanged 27,317 stock units after shedding 60 cents to end at $9.40, and is trading at an 11.5 percent premium to the Net Asset Value as of May 18, of J$8.15. Palace Amusement closed $200 lower to $1,100, in trading 81 units, Proven Investments lost 50 cents to settle at $34.50 in swapping 2,417 units, Salada Foods declined to $26, with a loss of $2 after transferring 9,397 units. Scotia Group closed at $44, after losing $1 and exchanging 5,173 units and Sygnus Credit Investments ended the day 90 cents higher at $16, with 4,069 units changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE Main Market continues to rebound

May 14, 2020 by IC Insider.com

The Main Market Jamaica Stock Exchange resumed its recent upward run by putting in solid gains in the market indices on Thursday as investors continued to trade low volume of stocks.
At the close, the JSE All Jamaican Composite Index rebounded 2,484.31 points to 413,689.01, the JSE Market Index climbed 2,275.43 points to 377,070.44 and the JSE Financial Index gained 0.98 points to 101.46.
The market closed with 47 securities changing hands in the Main and US dollar markets with prices of 18 stocks advancing, 15 declining and 14 securities trading firm. The JSE Main Market activity ended with 43 securities changing hands accounting for 12,358,723 units valued at $97,621,587, in contrast to 13,203,444 units valued at $113,823,838 from 42 securities on Wednesday.
Trans Jamaican Highway led trading with 5.7 million shares for 46 percent of total volume, followed by Wigton Windfarm with 2.1 million units for 17 percent of the day’s trade and Supreme Ventures with 1 million units for 8.4 percent market share.
The Market closed with an average of 287,412 units at $2,270,269 for each security traded, in contrast to 314,368 units at an average of $2,710,091 on Tuesday. The average volume and value for the month to date amount to 322,299 units valued at $2,746,160 for each security changing hands, compared to 325,967 units with an average value of $2,801,767. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and six closing with lower offers. The PE ratio of the market ended at 14.2, while the Main Market ended at 14.4 times 2020-21 earnings.
In Main Market trading, Barita Investments lost 79 cents to end at $51.21, in transferring 7,572 units, Caribbean Cement added 41 cents to end at $50.40, with 10,793 units changing hands, Jamaica Producers gained 50 cents swapping 45,529 stock units after closing at $21.50. Jamaica Stock Exchange finished at $19.50, with a loss of $1.45 trading 31,225 stock units, JMMB Group picked up 70 cents to settle at $34, in exchanging 85,510 shares, Key Insurance ended $1.30 lower at $8.40, after transferring 173,824 shares. Kingston Wharves advanced by $2 to $48, with 15,507 stock units crossing the exchange, MPC Caribbean Clean Energy closed $6 higher at $176, after swapping 230 units, 138 Student Living climbed $1.55 to finish at $8, with 157,553 shares traded. Palace Amusement advanced $100 to $1,500 with just 21 units changing hands, Portland JSX gained 36 cents to settle at $7.66, in an exchange of 9,300 units, Sagicor Group shed 90 cents to end at $45.50, in switching ownership of 124,406 shares. Sagicor Real Estate Fund lost 39 cents transferring 500 units and closed at $7.50, Salada Foods fell by $1.50 to $28.50, with an exchange of 3,525 units, Scotia Group gained $2.40 and ended at $47.40, in trading 750 units. Seprod had 17,733 stock units changing hands at $49.50, after rising $3. Supreme Ventures shed 80 cents to end at $15.45, with 1,042,478 shares crossing the exchange, Sygnus Credit Investments climbed $2.39 to $19.39, in transferring 10,451 units, Victoria Mutual Investments lost 43 cents in exchanging 158,093 shares to close at $7.57 and Wisynco Group shed 90 cents to end at $17.95 in trading 582,316 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

First JSE Main Market fall in 7 days

May 13, 2020 by IC Insider.com

Declining Jamaica Stock Exchange securities edged out advancing ones on Wednesday with the value and volume of stocks trading, rising over Tuesday’s levels and leading to the first decline in the market index in seven days.
At the close of the market, the JSE All Jamaican Composite Index lost 1,208.25 points to end at 411,204.70, the JSE Market Index fell 981.01 points to 374,795.01 and the JSE Financial Index lost 0.49 points to 100.48.
The market closed with 46 securities changing hands in the Main and US dollar markets with prices of 16 stocks advancing, 18 declining and 12 securities trading firm. The JSE Main Market activity ended with 42 securities accounting for 13,203,444 units valued at $113,823,838, in contrast to 10,234,687 units valued at $74,845,819 from 40 securities on Tuesday.
Trans Jamaican Highway led trading with 4.5 million shares for 34 percent of total volume followed by Sagicor Select Manufacturing & Distribution Funds with 3.9 million units for 29.6 percent of the trade and Pulse Investments with 1.1 million units for 8 percent market share.
The Market closed with an average of 314,368 units at $2,710,091 for each security traded, in contrast to 255,867 units at an average of $1,871,145 on Tuesday. The average volume and value for the month to date amount to 325,967 units valued at $2,801,767 for each security changing hands, compared to 327,294 units with an average of $2,813,578. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows six stocks ending with bids higher than their last selling prices and nine stocks closing with lower offers. The PE ratio of the market ended at 14.1, while the Main Market ended at 14.3 times 2020-21 earnings.
In the Main Market, Barita Investments fell $1 to $52 in trading 10,659 stock units, Berger Paints lost 50 cents transferring 500 units to end at $13.50, Caribbean Cement closed $2.99 higher at $49.99, with 34,511 shares changing hands. Eppley traded 17,578 stock units at $13.50, after losing $1.50, Jamaica Stock Exchange ended at $20.95, after rising $1.45 and swapping 10,006 units, Key Insurance shed 50 cents to finish at $9.70, in transferring 121,960 shares. Mayberry Jamaican Equities gained 69 cents and closed at $9.49, with an exchange of 10,238 units, MPC Caribbean Clean Energy jumped $20 to $170 in trading a mere 20 units, Pan Jam Investment climbed $2 exchanging 1,256 units to settle at $80. Portland JSX closed $1.40 lower at $7.30 with 100 units changing hands, Sagicor Group added 41 cents to reach $46.40, with 9,447 units passing through the market, Scotia Group ended at $45, with a loss of $3 trading 704,571 shares. Seprod exchanged 41,542 shares at $46.50, after shedding $2.50. Supreme Ventures advanced by $1.25 to $16.25, with 101,618 shares crossing the exchange, Sygnus Credit Investments shed 48 cents to end at $17, in trading 369,311 shares, VM Wealth Investments gained 70 cents exchanging 305,611 shares and closed at $$8 and Wisynco Group added 95 cents to end at $18.85, with 265,968 shares changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE Main market rolls on up

May 12, 2020 by IC Insider.com

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The Main Market of the Jamaica Stock Exchange stretched the unbroken run into its sixth day, with modest gains in the market indices on Tuesday, but the market is still more than 26 percent adrift from the 2020 opening position.
At the close of the market, the JSE All Jamaican Composite Index advanced by 1,038.41 points to 412,412.95, the JSE Market Index added 828.05 points to close at 375,776.02 and the JSE Financial Index rose 0.14 points to 100.97.
The market closed with 43 securities changing hands in the Main and US dollar markets with prices of 23 stocks advancing, 8 declining and 12 securities trading firm. The JSE Main Market activity ended with 40 securities accounting for 10,234,687 units valued at $74,845,819, down from 13,635,712 units valued at $96,460,473 from 44 securities on Monday.
Trans Jamaican Highway led trading with 4.9 million shares for 48 percent of total main market volume followed by Sagicor Select Financial Fund with 1.7 million units for 16.2 percent of the day’s trade and Trans Jamaican Highway US$ with 1 million units for 10 percent of the market’s volume.
The Market closed with an average of 255,867 units at $1,871,145 for each security traded, down from 309,903 units valued at an average of $2,192,283 on Monday. The average volume and value for the month to date amount to 327,294 units valued at $2,813,578 for each security changing hands, compared to 336,031 units with an average of $2,945,387. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and five stocks closing with lower offers. The PE ratio of the market ended at 14.1, while the Main Market ended at 14.3 times 2020-21 earnings.
In the Main Market, Caribbean Cement dropped $2.97 to $47, while trading 24,815 stock units, Eppley Caribbean Property Fund climbed $2.28 to $32.28 in exchange of 100 units, First Rock Capital gained 30 cents to end at $11.30 after transferring 5,173 units. Grace Kennedy closed 40 cents higher at $57.90, with an exchange of 26,542 stock units, Jamaica Broilers shed 50 cents in trading 116,728 shares and closed at $25, Jamaica Producers ended $1.65 higher at $21, after swapping 9,212 units. Jamaica Stock Exchange fell $1.40 to $19.50, with 4,138 units changing hands, Kingston Wharves gained $2 and ended at $46, with the trading of 88,025 shares, Mayberry Jamaican Equities declined by $2.20 transferring 50,119 stock units and closed at $8.80. MPC Caribbean Clean Energy dropped $25.50 to close at $150, in swapping 666 units, NCB Financial Group closed $4 higher at $149.01, after transferring 76,046 shares, 138 Student Living rose 40 cents to settle at $6.45, in trading a mere 28 units. Pan Jam Investment gained 30 cents to settle at $78, with 115,267 shares changing hands, Sagicor Group closed 49 cents higher trading 152,383 shares to finish at $45.99, Sagicor Real Estate Fund ended the day with gains of $1.44 to hit $7.94, in swapping 250 units. Salada Foods advanced $1 to $30, in transferring 354 units, Scotia Group closed at $48, with gains of $1 after an exchange of 14,705 stock units, Seprod traded $1.50 higher at $49 with 19,359 units changing hands. Sygnus Credit Investments ended at $17.48, after rising $1.28 and trading 80,501 shares and Wisynco Group rose 37 cents to close at $17.90, with 560,921 shares crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Productive Business Solution, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Supreme Ventures, Sygnus Credit, Trading Activity, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

More recovery for JSE Main Market

May 7, 2020 by IC Insider.com

The Main Market of the Jamaica Stock Exchange continued its spirited run since it fell to under 40,000 points on April 28, after banking stocks got battered by the suspension of dividends, orchestrated by Bank of Jamaica.
At the close of trading, the market was enjoying its third straight day of gains, with the JSE All Jamaican Composite Index climbing 2,698.18 points to 404,587.50, the JSE Market Index added 2,528.96 points to 368,889.50 and the JSE Financial Index gained 1.05 points to 99.14.
The market closed with 46 securities changing hands in the Main and US dollar markets with prices of 17 stocks advancing, 16 declining and 13 securities ending unchanged. Two preference stocks closed at 52 weeks’ low. The JSE Main Market activity ended with 42 securities accounting for 22,545,407 units valued at just $84,409,280, in contrast to 13,244,349 units valued at $91,265,025 from 41 securities on Wednesday.
Trans Jamaican Highway led trading with 12.8 million shares for 57 percent of total volume followed by Pulse Investments with 3.9 million units for 17 percent of the day’s trade and Wisynco Group with 1.3 million units for just under 6 percent market share.
The market closed with an average of 536,795 units valued at $2,009,745 for each security traded, in contrast to 323,033 units valued at an average of $2,225,976 on Wednesday. The average volume and value for the month to date amount to 398,499 units valued at $2,361,153 for each security changing hands, compared to 362,134 units at an average value of $2,453,398. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and six stocks closing with lower offers. The PE ratio of the market ended at 14, while the Main Market ended at 14.2 times 2020-21 earnings.
In the Main Market, Eppley added 64 cents to end at $12, with 5,000 units changing hands, Eppley Caribbean Property Fund shed 99 cents trading 2,272 units to settle at $33.01, Grace Kennedy closed at $58, with gains of 65 cents in transferring 27,376 stock units. Jamaica Broilers finished the day $1.27 higher at $25.27, after swapping 62,448 shares, Jamaica Producers lost $1.54 and ended at $18.95, exchanging 5,120 units, Jamaica Stock Exchange gained 35 cents transferring 11,900 units and closed at $20.90. JMMB Group closed 49 cents lower to $33.51, in trading 165,473 shares, Key Insurance shed $1.03 to settle at $9.01 after it traded at an all-time high of $11.50, with an exchange of 535,846 shares, Mayberry Investments closed 60 cents lower at $5.20, in swapping 151,000 shares. Mayberry Jamaican Equities gained 51 cents to end at $8.50, with 1,700 units changing hands, MPC Caribbean Clean Energy soared $15.50 to $175.50, after swapping 110 units, NCB Financial Group advanced by $3 to $145, with a transfer of 21,887 stock units. Palace Amusement tumbled to $1,500, after sustaining a loss of $200 in trading 122 shares, PanJam Investment advance by $4.70 to $77.70, with an exchange of 155 units, Pulse Investments gained 39 cents to finish at $2.45, after transferring 3,855,905 shares, following the release of nine months results. Scotia Group closed at $44, with a loss of 90 cents trading 71,618 stock units, Seprod ended $2 higher at $46, with 9,465 units crossing the exchange, Stanley Motta rose 54 cents to $5.14, after swapping 9,473 units. Supreme Ventures fell $1.10 to $14 after transferring 225,244 shares and Wisynco Group ended 65 cents lower at $17, with 1,327,496 shares changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Productive Business Solution, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE Main Market closed down – Monday

May 4, 2020 by IC Insider.com

The Jamaican Stock Exchange Main Market shot up 4,787 points within 30 minutes of trading to 405284.40 but failed to hold on to the early gains at the close of the market.
At the close of trading, the JSE All Jamaican Composite Index declined by 3,268.96 points to 397,228.54, the JSE Market Index dropped 2,888.59 points to 362,240.86 and the JSE Financial Index lost 0.60 points to 97.41.
The market closed with 45 securities changing hands in the Main and US dollar markets with prices of 17 stocks advancing, 17 declining and 11 securities trading firm. The JSE Main Market activity ended with 40 securities accounting for 29,595,732 units valued at $155,534,212, in contrast to 6,350,098 units valued at $68,445,442 from 41 securities on Friday.
Trans Jamaican Highway led trading with 13.9 million shares for 47 percent of total volume followed by Mayberry Jamaican Equities with 9.7 million units for 33 percent of the day’s trade and Wigton Windfarm with 2 million units for 7 percent market share.
The Market closed with an average of 739,893 units valued at $3,888,355 for each security traded, in contrast to 154,880 units valued at an average of $1,669,401 on Friday. The average volume and value for the month to date amount to 443,776 units valued at $2,765,181 for each security changing hands. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and six stocks closing with lower offers. The PE ratio of the market ended at 14.1, while the Main Market ended at 14.3 times 2020/21 earnings.
In the Main Market, Barita Investments declined by $1.85 to $51.60, with an exchange of 43,168 stock units, Caribbean Cement closed $1 higher to $45.99, in transferring 4,850 units, Eppley ended at $12, with a loss of $3 after trading 13,922 units. Grace Kennedy settled at $58, after gaining $1 and swapping 17,132 units, Jamaica Stock Exchange closed $1.10 lower to $20.50, with a transfer of 43,338 stock units, Key Insurance picked up $1.45 in trading 160,949 shares and finished at a record high of $8.45. Kingston Properties gained $1.65 to end at $6.15, after exchanging 200 units, Mayberry Investments shed 40 cents to close at $5.40, in switching ownership of 74,079 shares, MPC Caribbean Clean Energy climbed $13 to $160 trading a mere 100 units. NCB Financial Group closed at $142.50, with a loss of $2.50 after transferring 115,522 shares, PanJam Investment lost 50 cents to close at $76.50, with 230 units changing hands, Proven Investments rose 49 cents exchanging 11,104 units to end at $36.50. Sagicor Real Estate Fund closed $1.25 lower to settle at $6.50, in swapping 6,438 units, Scotia Group added 50 cents to finish at $44.50, in trading 9,250 units, Seprod ended at $44, with a loss of 85 cents exchanging 6,938 units and Supreme Ventures added 50 cents to close at $16.40, trading 229,782 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE Main Market stretches gains into May

May 1, 2020 by IC Insider.com

JSE Main market stocks climbed higher at the close on Friday on top of substantial gains on Wednesday and a more moderate increase on Thursday as advancing stocks were marginally less than declining ones.
At the close of trading, the JSE All Jamaican Composite Index advanced by 1,102.78 points to 400,497.50, the JSE Market Index climbed 1,083.49 points to 365,129.45 and the JSE Financial Index added 0.04 points to 98.01.
The market closed with 44 securities changing hands in the Main and US dollar markets with prices of 16 stocks advancing, 17 declining and 11 securities trading firm. Main Market activity ended with 41 securities accounting for 6,350,098 units valued at $68,445,442, in contrast to 79,915,162 units valued at $130,493,189 from 41 securities on Thursday.
Wigton Windfarm led trading with 1.5 million shares for 23.3 percent of total volume followed by Trans Jamaican Highway with 1.1 million units for 17.6 percent of the day’s trade and Supreme Ventures with 583,782 units for 9.2 percent of the market’s volume.
The Market closed with an average of 154,880 units at $1,669,401 for each security traded, in contrast to 1,949,150 units valued at an average of $3,182,761 on Thursday. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows eleven stocks ending with bids higher than their last selling prices and eight stocks closing with lower offers. The PE ratio of the market ended at 14, while the Main Market ended at 14.2 times 2020-21 earnings.
In the Main Market, Barita Investments shed 40 cents and closed at $53.45, with an exchange of 2,367 units, Berger Paints closed 50 cents lower to $13, in trading 2,000 units, Eppley climbed $1.50, with a transfer of 1,030 units at $15. Eppley Caribbean Property Fund lost 50 cents to end at $35.50, after swapping 1,070 units, Jamaica Producers gained 43 cents to settle at $18.93, in transferring 16,450 stock units, Jamaica Stock Exchange fell $1.40 to $21.60, after exchanging 1,819 units. JMMB Group declined to $33, with a loss of 99 cents trading 360,765 shares, Mayberry Jamaican Equities closed $1.60 lower to $8.20 trading 4,411 units, NCB Financial Group closed at $145, with gains of $2 after swapping 85,918 shares. PanJam Investment gained 60 cents to close at $77, with 56,155 shares changing hands, Proven Investments shed 99 cents with a transfer of a mere 20 units and closed at $36.01, Sagicor Real Estate Fund gained 64 cents to settle at $7.75, in swapping 10,864 stock units. Scotia Group closed 50 cents higher at $44, in trading 56,801 shares and Supreme Ventures gained 90 cents to end at $15.90, trading 583,782 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Scotia Group, Seprod, Supreme Ventures, Sygnus Credit, Trading Activity, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE Main Market ends April on a high

April 30, 2020 by IC Insider.com

The Jamaica Stock Exchange Main Market closed on Thursday and April positively with advances on the Composite, JSE Market and Financial Indices. The market closed 16,708.18 points down on the March close, with Bank of Jamaica’s suspension of banking dividends, knocking 19,422.69 points off the All Jamaican Composite Index.
At the close, the JSE All Jamaican Composite Index increased 1,822.62 points to 399,394.72, the JSE Market Index gained 1,640.98 points to close at 364,045.96 and the JSE Financial Index rose 0.61 points to 97.97.
The market closed with 45 securities changing hands in the Main and US dollar markets with prices of 23 stocks advancing, 11 declining and 11 trading firm. The JSE Main Market activity ended with 41 securities accounting for 79,915,162 units valued at $130,493,189 in contrast to 7,206,423 units valued at $124,023,333 from 37 securities on Tuesday.
Wigton Windfarm led trading with 60 million shares for 75 percent of total volume followed by Trans Jamaican Highway, with 17 million units, for 21 percent of the day’s trade and Sagicor Select Financial Fund with 752,103 for one percent market share.
The Market closed with an average of 1,949,150 units valued $3,182,761 for each security traded, in contrast to 194,768 units valued at an average of $3,351,979 on Wednesday. The average volume and value for the month to date amount to 1,077,021 units valued at $3,829,201 for each security changing hands, compared to 1,033,414 units valued at $3,863,268 previously. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows eleven stocks ending with bids higher than their last selling prices and seven stocks closing with lower offers. The PE ratio of the market ended at 14, while the Main Market ended at 14.3 times 2020-21 earnings.
In the Main Market, Barita advanced 85 cents to finish at $53.85 with a transfer of 2,750 stock units, Caribbean Cement closed 99 cents lower at $45 with an exchange of 113,500 units, Cigarette distributors, Carreras rose 20 cents to end at $6.50 in trading 95,773 units. Eppley gained 50 cents to end at $13.50 after exchanging 4,885 units, Grace Kennedy jumped $1.80 in swapping 157,328 units to end at $57, Jamaica Producers added 50 cents to settle at $18.50, with 104,351 shares changing hands. Jamaica Stock Exchange gained $2.20 to end at $23 after trading 418,016 units, Key Insurance jumped 50 cents, pushing it to a record high to $7, with a transfer of 14,750 stock units. Mayberry Equities climbed $1.30 to $9.80 trading 12,100 units, MPC Caribbean Clean Energy dropped $2 to $147 after just 261 units crossed through the exchange. NCB Financial Group shed $3 in closing at $143, trading 56,094 shares, PanJam Investment closed $1.40 higher at $76.40, in exchanging 243,133 stock units, Proven Investments gained $1.90 to finish at $37, with 2,385 stock units changing hands. Sagicor Real Estate Fund lost 64 cents exchanging 20,018 units to settle at $7.11, Salada Foods climbed $2.50 to $28.50 after trading 1,900 units, Scotia Group rose $2.50 to $43.50, after transferring 54,471 stock units. Seprod picked up $1.50 to close at $45, in trading 13,743 shares and Wisynco Group lost 54 cents to end at $17.36, with 48,127 units crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

BOJ dividend ban slaps JSE Main Market

April 28, 2020 by IC Insider.com

Bank of Jamaica’s decision, to slap a ban on the payment of dividends for the rest of 2020 by financial banking groups, took another big bite out of the local stock market on Tuesday. Investors continue to react negatively to the decision by more selling of stocks in the banking sector with all four falling, taking the market index down with by another day of big losses following the slide on Monday.
At the close, the JSE All Jamaican Composite Index declined 11,964.17 on Monday, fell a further by 13,352.19 points to close at 393,321.05. The JSE Market Index dropped 12,250.06 points on top of the 10,830.61 points fall on Monday to 358,512.98 and the JSE Financial Index lost 4.24 points to 95.49. The losses pushed the year to date loss to 30 percent, for main market stocks and ahead of the Junior Market that is down by 28 percent for the year.
The market closed with 39 securities changing hands in the Main and US dollar markets with prices of 11 stocks advancing, 24 declining and 4 securities trading firm. The JSE Main Market activity ended with 36 securities accounting for 96,137,935 units valued at $316,661,417, in contrast to 18,718,741 units valued at $83,219,012 from 40 securities on Monday.
Radio Jamaica led trading with 66.7 million shares for 69.4 percent of total volume followed by Trans Jamaican Highway with 14.7 million units for 15.3 percent of the day’s trade with the price ending at a record closing high of $1.40. Wigton Windfarm followed with 6.6 million units for 6.9 percent market share. The only other stock trading more than one million units was Jamaica Stock Exchange with 3.9 million units.
The Market closed with an average of 2,670,498 units valued at an average of $8,796,150 for each security traded, in contrast to 467,969 units valued at an average of $2,080,475 on Monday. The average volume and value for the month to date amount to 1,073,044 units valued at $3,888,797 for each security changing hands, compared to 996,058 units valued at $3,638,209 for each security traded. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and six stocks closing with lower offers. The PE ratio of the market ended at 13.9, while the Main Market ended at 14.1 times 2020-21 earnings.
In the Main Market, Barita Investments ended the day’s trade at $53, having lost $1.90 exchanging 4,872 units, Berger Paints closed 40 cents lower to settle at $13.50, in trading 8,147 units, Caribbean Cement lost $1 trading 163,854 shares to close at $45. Grace Kennedy shed 61 cents in transferring 14,047 stock units and closed at $56.89, JMMB Group fell by $1 to $34, with 290,970 shares changing hands, Key Insurance added 35 cents to finish at a 52 weeks’ high of $5.55, after swapping 91,058 shares. Kingston Properties ended at a 52 weeks’ high of $4.50, with a loss of $1.50 after a transfer of 56,639 stock units, Mayberry Investments gained 60 cents trading 28,831 units and closed at $5.80, NCB Financial Group fell $2 to close at a 52 weeks’ high of $138, with an exchange of 276,121 shares. PanJam Investment closed 50 cents higher to $76 after 482,161 shares changed hands, Proven Investments declined to $37.50, after losing $1.35 transferring 359 units, Sagicor Group closed $1 lower to $45, in swapping 73,341 shares. Scotia Group traded $2 lower to end at $43, with an exchange of 255,788 shares and Seprod ended with a loss of $2.60 to close at $42, in trading 101,200 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE Main Market 7 days fall broken

April 24, 2020 by IC Insider.com

The Main Market of the Jamaica Stock Exchange rallied on the final day of the week, wiping out less than 1,500 points of the losses on the previous seven trading days as advancing stocks were outnumbered by decliners, on Friday.
At the close, the All Jamaican Composite Index rose 1,331.58 points to close at 418,817, the JSE Market Index gained 1,205.42 points to close at 381,593.65 and the JSE Financial Index added 0.55 points to 103.52.
The market closed with 45 securities changing hands in the Main and US dollar markets with prices of 11 stocks advancing, 22 declining and ten securities trading firm. The JSE Main Market activity ended with 38 securities accounting for 15,595,657 units valued at $80,717,216, in contrast to 17,977,989 units valued at $167,027,485 from 43 securities on Wednesday.
Trans Jamaican Highway led trading with 11.3 million shares for 63 percent of total volume followed by Sagicor Group with 2.3 million units for 13 percent of the day’s trade and Wigton Windfarm with 1.1 million units for 6 percent market share.
The Market closed with an average of 410,412 units valued at $2,124,137 for each security traded, in contrast to 418,093 units valued at $3,884,360 on Wednesday. The average volume and value for the month to date amount to 1,025,936 units valued at $3,731,907 for each security changing hands, compared to 1,060,899 units valued at $3,829,348 for each security traded. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and seven securities closing with lower offers. The PE ratio of the market ended at 14.1, while the Main Market ended at 14.3 times 2020-21 earnings.
In the Main Market, Eppley fell 99 cents to $14.50, in trading 941 stock units, First Rock Capital added $1, in transferring 1,500 units and closed at $12, Grace Kennedy rose $1 and ended at $58, with 29,077 units changing hands. Jamaica Stock Exchange lost 37 cents to end at $20.63 after 11,170 shares passed through the market, JMMB Group dropped $1.44 and closed at $36, after exchanging 213,331 stock units, Mayberry Investments gained 32 cents trading 22,096 stock units and closed at $5.55.NCB Financial Group rose $2 to end at $152, with 47,023 units changing hands, PanJam Investment traded 1,465 and fell $2.35 to close at $77.35, Proven Investments jumped $2.79 to close at $38.79 after 9,478 shares changed hands. Pulse Investments lost 35 cents in exchanging 3,858,682 stock units at $2.05, Salada Foods dropped $2.90 to $26, in exchanging 5,901 units. Sagicor Group traded 38,531 and lost 38 cents to end at $49.37 and Scotia Group rose $2 after transferring 21,667 stock units to finish at $47.