The Main Market of the Jamaica Stock Exchange continues to claw back losses resulting from the fallout from the dividend payout restrictions placed on banks for the rest of 2020, with the leading indices rising robustly for a fourth consecutive day.
The Jamaica Stock Exchange main market AJ index closing higher on Friday after bouncing from a higher low than the prior one. – positive indicator.
The market closed with 44 securities changing hands in the Main and US dollar markets with prices of 20 stocks advancing, 13 declining and 11 securities trading firm. The JSE Main Market activity ended with 40 securities accounting for 15,759,687 units valued at $268,967,167, in contrast to 22,545,407 units valued at $84,409,280 from 42 securities on Thursday.
Trans Jamaican Highway led trading with 5.4 million shares for 34 percent of total volume followed by Pulse Investments with 4.3 million units for 27 percent of the day’s trade and Barita Investments with 2.5 million units for 16 percent market share.
The Market closed with an average of 393,992 units valued $6,724,179 for each security traded, in contrast to 536,795 units valued at an average of $2,009,745 on Thursday. The average volume and value for the month to date amount to 340,094 units valued at $3,082,315 for each security changing hands, compared to 398,499 units with an average of $2,361,153. 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 13.9, while the Main Market ended at 14.2 times 2020-21 earnings.In the Main Market, Barita Investments lost $2.85 in closing at $51, while trading 2,504,402 shares, Caribbean Cement jumped $6.01 to $52, after transferring 13,388 stock units, Eppley climbed $2.98 with 300 units changing hands at $14.98. Eppley Caribbean Property Fund dropped $3.01 to end at $30, after swapping 30,390 stock units, First Rock Capital traded 100 units at $11.40, after rising 40 cents, Grace Kennedy ended at $57.40, with a loss of 60 cents in transferring 160.565 shares. JMMB Group picked up 47 cents to settle at $33.98, after exchanging 156,708 shares, Key Insurance gained 49 cents to end at $9.50, in transferring 160,287 shares, Mayberry Jamaican Equities ended $1.40 higher at $9.90, with an exchange of 100 units.
NCB Financial Group added 50 cents to finish at $145.50, in trading 304,742 shares, Palace Amusement fell by $50 to $1,450, in swapping 238 units, Pulse Investments ended at $2.10, with a loss of 35 cents, with 4,295,911 shares changing hands. Sagicor Group shed 90 cents to finish at $45.50 trading 7,944 units, Scotia Group closed at $47.99, with gains of $3.99 transferring 949,370 shares, Seprod ended $1.99 lower at $44.01, with an exchange of 10,750 units. Supreme Ventures picked up 70 cents with the transfer of 171,031 shares and closed at $14.70, Sygnus Credit Investments gained 68 cents to end at $16.93, after swapping 33,349 stock units and Wisynco Group ended the day with a gain of 50 cents at $17.50, in trading 144,741 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
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.
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.
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.
The Market closed with an average of 323,033 units at $2,225,976 for each security traded, in contrast to 230,295 units valued at an average of $2,034,185 on Tuesday. The average volume and value for the month to date amount to 362,134 units at $2,453,398 for each stock changing hands, compared to 375,605 units with an average value of $2,531,754 previously. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
NCB Financial Group advanced $7 to $142, in trading 28,328 units, Palace Amusement dived $1,098 trading just three shares to close at $1,700, PanJam Investment declined by $4.50 to a 52 weeks’ low of $73, with 600,640 shares changing hands. Sagicor Real Estate Fund closed at $7.95, with gains of $1.26 with 800 units crossing the market. Salada Foods climbed $4.50 to $29 in exchanging 1,936 units, Scotia Group gained 65 cents to end at $44.90, with a transfer of 8,399 units. Seprod fell to $44, with a loss of $2.40 trading 15,369 units, Supreme Ventures closed 40 cents lower to $15.10, with 40,810 stock units changing hands, Sygnus Credit Investments gained $1.30 to reach $16.50, after swapping 33,390 stock units and Wisynco Group ended the 65 cents higher at $17.65, with a transfer of 449,719 shares.
At the close, the JSE All Jamaican Composite Index advanced 1,805.60 points to 399,034.14, the JSE Market Index gained 1,535.01 points to end at 363,775.87 and the JSE Financial Index lost 0.05 points to 97.36.
Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
NCB Financial Group sustained a loss of $7.50 to close at $135, after transferring 140,023 shares, 138 Student Living closed 69 cents lower to $6.31, in swapping 250 units, PanJam Investment picked up $1 to end at $77.50 trading 13,244 stock units. Sagicor Group ended at $46.50, with gains of $1.50 exchanging 316,045 shares, Salada Foods tumbled $4 to $24.50, after trading a mere one stock unit, Seprod advanced $2.40 to $46.40, with an exchange of 17,376 stock units. Stanley Motta fell by 60 cents to $4.70, in transferring 9,346 units, Supreme Ventures ended 90 cents lower at $15.50, after swapping 187,479 shares, Sygnus Credit Investments closed at $15.20, with a loss of 80 cents exchanging 103,586 shares and Wisynco Group lost 40 cents trading 168,450 shares to finish at $17.
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.
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.
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.
Caribbean Cement and NCB Financial released first-quarter results in the past week with lower profit than the previous year’s March quarter. As if investors expected the outturn, the stock prices did not seem to react to them.
The three top Junior Market stocks with the potential to gain between 344 to 660 percent by 2021 are Caribbean Producers leading, followed by Lasco Financial and KLE Group. In the Main Market, Radio Jamaica continues to lead, followed by Berger Paints and JMMB Group, with projected gains of 173 to 213 percent.
Revenues grew around 12 percent from 2013 to 2016, then increased to 17.4 percent for 2018 and 14.5 percent for 2019. The company has an excellent management team that is growth-oriented as such investors can look forward to revenues growing in the 15-20 percent range going forward. In pursuit of this objective, the company is putting in place additional storage facilities to accommodate a robust expansion of sales. Investors should not rule out the possibility that they could expand from acquisitions as well as was the case with the addition of the business making the
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 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.
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.
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 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.
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.
The average volume and value for the month to date amount to 1,033,414 units valued at $3,863,268 for each security changing hands, compared to 1,073,044 units valued at $3,888,297 for each security traded. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
Key Insurance raked in 95 cents to reach a record high of $6.50, with a transfer of 25,094 stock units, Mayberry Investments lost 30 cents trading 3,413 units and closed at $5.50, MPC Caribbean Clean Energy climbed $2 to $149, after swapping 420 units. NCB Financial Group recovered $8 of the recent losses to close at $146, trading 437,464 shares, PanJam Investment closed $1 lower at $75, in exchanging 317,961 shares, Proven Investments declined $2.40 to finish at $35.10, with 44,783 stock units changing hands. Scotia Group fell $2 to $41, after transferring 33,448 stock units, Seprod picked up $1.50 to close at $43.50, in trading 8,215 units and Stanley Motta gained 30 cents to end the day at $5, with 15,000 units crossing the exchange.
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 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.
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.