Near stability for JSE USD Market

June 10, 2021 by

Trading on the Jamaica Stock Exchange USD market and resulted in the market closing on Thursday, with the market index rising, with 19 percent fewer shares changing hands than on Wednesday, as falling stocks just outnumbered rising ones.
Similar to Wednesday, trading ended with six securities changing hands, with prices of two rising, three declining and one remaining firm.
The JSE USD Equity Index added 1.78 points to end at 201.15.
The PE Ratio, a measure that determines a relative value for each stock, averages 12.8 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 455,961 shares traded for US$32,480, down from 560,213 units at US$42,922 on Wednesday.
Trading averaged 75,994 units at US$5,413, in contrast to 93,369 shares at US$7,154 at the close on Wednesday. Trading month to date averages 112,502 units at US$5,028 in contrast to 117,480 units at US$4,975 on Wednesday. May ended with an average of 138,035 units for US$17,391.

Investor’s Choice bid-offer indicator shows no stock ending with a higher bid than the last selling price and two with lower offers.
At the close, First Rock Capital climbed 0.3 of a cent to 9 US cents trading 95,173 shares, Productive Business Solutions traded 46 stock units at 80 US cents, Proven Investments slipped 0.01 of a cent to 25.99 US cents with 20,467 stocks changing hands. Sterling Investments slipped 0.02 of a cent to 2.37 US cents after a transfer of 450 units, Sygnus Credit Investments lost 0.3 of a cent end at 15 US cents with 112,400 stock units passing through the market and Transjamaican Highway rose 0.05 of a cent to 0.90 US cents with 227,425 shares crossing the exchange.

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

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Gains no losses for JSE USD Market

June 4, 2021 by

Trading on Friday ended after  17.6 percent more shares were traded than on Thursday, leading to the Jamaica Stock Exchange US dollar market rising as six securities changed hands, from seven on Thursday with four stocks rising and two remaining unchanged.
Trading ended with the JSE USD Equity Index rallying 3.19 points to close at 200.51. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 12.5 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 175,570 shares traded for US$30,696 compared to 149,296 units at US$18,104 on Thursday.
Trading averaged 29,262 units at US$5,116, in contrast to 21,328 shares at US$2,586 on Thursday. Trading averaged 113,965 units for the month to date at US$3,435 in contrast to 139,376 units at US$2,930 on Thursday. May ended with an average of 138,035 units for US$17,391.
Investor’s Choice bid-offer indicator shows no stock ending with the bid higher than the last selling price and one with a lower offer.
At the close, First Rock Capital settled at 9 US cents after 10,814 shares were traded, Productive Business Solutions remained at 80 US cents with 108 stock units changing hands, Proven Investments popped 0.99 of a cent to 25.99 US cents with 108,096 shares changing hands. Sterling Investments rose 0.25 of a cent in closing at 2.3 US cents after exchanging 39,116 units, Sygnus Credit Investments rose 0.1 of a cent to 15.3 US cents, with 3,717 stock units crossing the exchange and Transjamaican Highway popped 0.01 of a cent to 0.92 of a US cent in trading 13,719 shares.

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

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Slippage for JSE USD market

April 28, 2021 by

Trading on Wednesday, ended with the market declining after trading 57.5 percent more shares than on Tuesday, at the close of the US dollar market of the Jamaica Stock Exchange, resulting in fall of 6.63 points to 212.08 in the market index.
Six securities traded, similar to Tuesday with the price of one rising, two declining and three closing unchanged.
The average PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings ends at 13.2.
Overall, 455,125 shares traded, for US$12,464 compared to 289,034 units at US$36,227 on Tuesday.
Trading averaged 75,854 units at US$2,077, in contrast to 48,172 shares at US$6,038 on Tuesday. Trading averaged 78,855 units for the month to date at US$6,201 in contrast to 79,037 units at US$6,451 on Tuesday. March ended with an average of 68,746 units for US$13,137.
Investor’s Choice bid-offer indicator shows no stock ending with the bid higher than the last selling price and none with lower offers.
At the close, First Rock Capital ended at 9 US cents after trading 50,237 shares, Margaritaville settled at 9 US cents in switching ownership of 10,670 shares, Productive Business Solutions climbed 1 US cents to close at US$1.01 with an exchange of 40 units. Proven Investments slipped 0.01 of a cent to end at 26.99 US cents in trading 13,669 shares, Sygnus Credit Investments shed 0.09 of a cent in closing at 14.99 US cents 200 stock units crossing the market and Transjamaican Highway ended at 0.95 US cents after an exchange of 380,309 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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Trading rises on JSE USD market

December 11, 2020 by
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 Trading picked up on the US dollar market of the Jamaica Stock Exchange on Friday, with the market rising after trading 54 percent more shares than on Thursday with a value that was 25 times greater.
Trading ended with six securities changing hands, compared to three on Thursday and ended with the price of one stock rising, three declining and two remaining unchanged.
The JSE USD equity index advanced 0.15 points to 187.55. The average PE Ratio ended at 13.4 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 233,569 shares, at a consideration of US$92,790 compared to 151,769 units at a mere US$3,664 on Thursday.
Trading averaged 38,928 units changing hands at US$15,465, in contrast to an average of 50,590 shares at US$1,221 on Thursday. Trading ended with an average of 42,162 units for the month to date at US$6,883 in contrast to 42,733 units at US$5,369 on Thursday. By comparison, November ended with an average of 51,134 units for US$4,516.
Investor’s Choice bid-offer indicator reading for the market shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Productive Business Solutions shed 18 cents in ending at 66 US cents, in an exchange of 95,356 shares, Proven Investments dropped 0.01 of a cent in closing at 25.97 US cents after trading 50,809 stock units, Sterling Investments closed at 2.35 US cents, with 21,196 shares changing hands. Sygnus Credit Investments dropped 1.20 cents to settle at 15.80 US cents, trading 58,948 shares and Transjamaican Highway gained 0.14 US cents to close at 0.94 US cents after exchanging 10 units.
In the preference segment, JMMB Group 6% settled at US$1.05, switching ownership of 7,250 stock units.

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

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

Trans Jamaica dominates JSE US market

March 25, 2020 by

A leg of Highway 2000

Newly listed Trans Jamaican Highway continued to dominate trading in the US dollar market on Wednesday accounting for 96.6 percent of the total volume of 5,292,251 units for $93,450.
The US market index advanced 2.49 points to close at 187.35 after seven securities traded. First Rock Capital closed at 9 US cents, after gaining 0.6 of a cent in exchanging 8,982 units, JMMB Group 5.75% preference share rose 3 cents to close at US$2.15, with 2,165 units changing hands, JMMB Group 6% traded 2,821 shares at US$1. Productive Business Solutions shed 4 cents to end at 70 US cents with 123 units changing hands, Proven Investments gained half of a cent in trading 166,378 and closed at 24 US cents, Sygnus Credit Investments rose by 1 cent exchanging 107 units and closed at 13 US cents and Trans Jamaican Highway traded 5,111,675 shares at 0.09 of one US cent.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

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JSE majors in month end jump – Wednesday

February 28, 2018 by

Wisynco had the largest trades.

The Main Market of the Jamaica Stock Exchange closed the last day of the month on a high note with the JSE All Jamaican Composite Index rising 1,154.95 points to 321,207.65 and the JSE Index advancing by 1,052.29 points to 292,656.49, in what has become a usual month end rally.
Trading on Wednesday closed 28 securities changing hands with 12 advancing, 8 declining and 8 trading firm, in the main and US dollar markets.
The securities with the largest price changes include, Berger Paints ending with a gain of $1.50 to $20, Caribbean Cement rising $1 to $36, JMMB Group up by $1 to $26, NCB Financial Group traded 95 cents higher at $100, Salada Foods with a gain of $1 higher to $11.50, Wisynco Group settling at $1.19 higher to $11.49 and Scotia Group lost $1 to close at $52. Sagicor Real Estate Fund traded at an intraday all-time high of $17 but closed at $16 and JMMB Group 7.5% preference share closed a 52 weeks’ low of 85 cents.
Main market activity ended with 8,204,593 units valued at $66,110,510 compared to 8,204,593 units valued at $155,870,781 on Wednesday. Wisynco Group accounted for 60.5 percent of the total volume traded in the with 3,266,124 stock units followed by Ciboney Group with 658,995 units or 12.2 percent and Caribbean Cement with 359,865 shares.
Trading results in an average of 200,080 shares valued at $2,448,537 for each security traded, in contrast to 282,917 shares valued at $5,374,855 on Tuesday. The average volume and value for the month to date amounts to 213,336 units valued at $3,392,475 and previously, 214,033 units valued at $3,445,024. In contrast, January 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, the Investor’s Choice bid-offer indicator reading shows 9 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 trading 5,000 shares and rose 2 cents to close at 60 US cents with a value of US$3,000 as the market index rose 1.84 points to 172.55.

For more details of market activities see – JSE rise on reduced volume on Wednesday.

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

JSE main market enjoyed big bounce

February 21, 2018 by

Bulls may be lurching to pounce on Jamaican stocks.

Trading on the Main Market of the Jamaica Stock Exchange ended on Wednesday with JSE All Jamaican Composite Index increased by 2,161.69 points to 320,034.56 and the JSE Index advanced by 1,969.54 points to 291,587.67.
Trading ended on Tuesday with 9 stocks advancing, 6 declining and 11 trading firm.
The securities with the largest price changes include, Caribbean Cement settled $3.80 higher at $35, Salada Foods traded $1 higher at $12, Seprod closing 99 cents higher at $29.99 and Sterling Investments rising $2.74 higher to $12.05.
Market activity ended with 20,208,278 shares valued at $255,279,222 in contrast to 2,910,640 shares valued at $68,467,853 on Tuesday.
Wisynco Group was the leading security trading with 16,421,906 units accounting for 81.26 percent of share traded, followed by Caribbean Cement with 1,663,767 units or 8.2 percent and Ciboney Group with 791,013 units or 3.91 percent of total volume traded.
December closed with average of 777,241 shares valued at $9,818,432 for each security traded, in contrast to 111,948 units for an average of $2,633,379 on Tuesday. The average volume and value for the month to date amounts to 215,943 units valued at $3,334,894 and previously, 176,923 units valued at $2,847,692. In contrast, January 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, the Investor’s Choice bid-offer indicator reading shows 9 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 finished unchanged at 56 US cents with 54,799 shares and Proven Investments traded 544,500 units at 21.99 US cents down from 22 US cents before. Total trading in the US market came to US$150,012 as the market index inched higher by 0.18 points to 168.78.
For more details of market activities see – Wisynco Group corners 81% of trading.

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GWest IPO is here

December 1, 2017 by

The initial Public Offer (IPO) of shares in the Montego Bay based GWest Corporation is now out with 169.7 million shares offered for sale at $2.50 each. The offer opens on December 7 and is scheduled to close on December 21.
With FosRich and Wisynco opening next week as well it could result in record of 4 IPOs being opened within the same week on the Jamaica Stock Exchange. During July, Express Catering opening on July 12, Stationery and Office Supplies that opened on July 19, Proven Investments with a rights issue opened on July 3, Productivity Business Solutions with an ordinary share issue and a preference share issue that opened on July 5.
GWest offer includes 36,000,000 Shares reserved for the lead broker, JMMB Securities or its clients, 64,000,000 Shares reserved for Jamaica Money Market Brokers’ Pension and Client Funds Investment Management Unit. 19,400,000 Shares are for GWest clients and suppliers and 600,000 Shares for independent directors, the Mentor and employees of the Company. This leaves 69.7 million shares for applications by the general public. If any of the Reserved Shares in any category are not subscribed by the persons entitled to them, they will be made available for subscription by the general public.

Dr. Konrad Kirlew, chairman of GWest.

If the Invitation is successful in raising at least J$250,000,000 and the Shares will be admitted to trade on the Junior Market of the JSE.
The primary purpose of the Company is to provide integrated medical health care services and facilities. The Company established 5 medical businesses under the common “GWest Medical” brand. GWest Corporation owns the GWest Centre, a 4-storey multipurpose commercial complex catering primarily to medical professionals and medical services and in which its owned services will be located. The GWest concept is to provide a wide range of complementary international quality best practice medical services in one location,
The Company will be providing the following medical services to complement those offered by owners and lessees in the GWest Centre:
1. General Practitioner and Specialist Suite (operational since June 2017)
2. A 2,200 square feet Urgent Care Centre (operational since November 2017)
3. Medical Laboratory (to be opened by January 2018)
4. A 5,000 square feet 8-Bed Inpatient Unit (to be opened by September 2018)
5. In addition, its 100% subsidiary company GWest Surgery Centre Limited will own and operate an 8,500 square feet Outpatient Surgery Centre (to be opened September 2018), including two modern operating theatres and two procedure rooms.
The Company has approximately 18,111 square feet of space leased to tenants for periods of 3 to 10 years with lease rates denominated in United States currency, ranging from US$20 to US$22 per square feet. The lease payments are subject to annual increases at a rate of up to 0.5% per annum.

GWest complex in Montego Bay,

Directors include Dr. Konrad Kirlew, chairman, Dr. Leyford Doonquah, Dennis Samuels businessman Denise Crichton-Samuels managing director of Cornwall Medical and Dental Supplies, Peter Pearson, former partner PriceWaterhouseCoopers. Elva Williams-Richard, Chartered Accountant, Wayne Gentles, Accountant, and Mark Hart Businessman and Wayne Wray who is the mentor and director.
The shares are really based of forecast which are vastly different than the historical results. For the year to March 2017 profit reported was $181 million but it includes a large gain on revaluation of the unsold property, amounting to $205 million. The profit was mainly based on income of sale of property. A loss of $29 million was made in the six months to September and for the full year to March 2018 a loss of $111 million is projected, swinging sharply to a profit of $166 million in 2019 and $388 million in 2020 as revenues rise from an estimated $158 million in 2018 to $803 million in 2019 to $1.2 billion in 2020.
Net book value is just $287 million, representing 324,848,485 shares, with net book value of just 88 cents per share, the stock is priced at 3 times book value which can be considered high for a company yet to start showing profit from ongoing operations. The stock is also priced at a high PE of nearly 7.5 times projected 2019 earnings which is way above most other stocks in the market, with a renowned operating track record.

Filed Under: Initial Public Offers Tagged With: , , , , , , , , , ,

Falling stocks overwhelmed rising ones

September 7, 2017 by

The main market the Jamaica Stock Exchange closed higher on Thursday with the All Jamaica Composite Index jumping 2,646.72 points to a record close at 293,186.46, the JSE Market Index climbed 2,411.46 points to record close of 267,126.05 after trading much higher in the morning session.
The sharp rise was due primarily to gains in Scotia Group as the advance decline ratio was a negative 3 to 1.
In market activity, the volume of securities trading with their last prices are: Barita Investments with a loss of $1, closed at $8 with 18,827 shares, Berger Paints falling 40 cents to close at $12.10 with 137,727 stock units, Cable and Wireless with a loss of 3 cents, to $1.03 with 686,724 shares. Caribbean Cement closed at $28, dropping $2.05 with 81,597 units,Carreras closed at $108 with 51,674 shares, Grace Kennedy traded at $42.90 with 16,980 shares. Jamaica Broilers closed at $18.50 with 1,846,484 stocks, Jamaica Producers lost 70 cents and closed at $15 with 32,069 shares, Jamaica Stock Exchange closed at $6.30, with a loss of 5 cents and exchanging 35,994 units, JMMB Group traded 193,740 shares at $21.90. Kingston Properties closed 50 cents lower to $7 with 88,633 stock units, Kingston Wharves added 85 cents to close at $30.85 with 8,125 shares, Mayberry Investments closed at $4.50, losing 35 cents with 501,020 shares changing hands, NCB Financial Group traded $1.50 lower to $89.50 with 104,077 stock units, 1834 Investments closed at $1.40 with 1,402 shares. PanJam Investment added 1 cent to close at $33.48 with 17,094 units, Portland JSX exchanged 14,800 shares at $9.25, Radio Jamaica closed at $1.25, while losing 4 cents with 89,511 stocks, Sagicor Group ended at $33.25, with gains of 39 cents trading 46,363 shares, Sagicor Real Estate Fund closed at $10.99, gaining 1 cent with 30,998 shares, Salada Foods with a loss of 10 cents, closed at $8.50 with 53,870 units, Scotia Group traded 136,129 shares at $57.99, Seprod lost 60 cents, closing at $29.90 with 12,330 shares, Sterling Investments gained 60 cents, closing at $12.90 with 500 shares, Supreme Ventures closed at $11.01, losing 99 cents with 31,370 shares. Proven Investments US ordinary shares closed at 23.99 US cents with 16,400 units, Productive Business Solutions US ordinary shares closed at 60 US cents with 3,210 units, JMMB Group US 6% preference share ended at US$1.12 with 800 units and Productive Business Solutions 9.75% cumulative redeemable preference share traded $5 lower to $100 with 89,100 units.

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

Scotia stars again

September 6, 2017 by

Jacqueline Sharp

Scotia Group remains the star performer on the Jamaica Stock Exchange and is almost the sole stock resulting in the main market hitting new record highs in the past two weeks.
Although the stock traded at $57.99 with a gain of nearly $3 and the advance decline ratio was strongly positive, the market indices slipped at the close on Wednesday.
In wider market activity, the volume of stocks changing hands and their last traded price are: Barita Investments with a loss of 50 cents in closing at $9 with just 350 shares, Berger Paints closing 34 cents higher to $12.50 with 56,008 shares. Cable and Wireless gained 1 cent, to end at $1.06 with 14,000 shares, Caribbean Cement with a gains of $3.55, closed at $30.05 with 51,576 stock units,Carreras closing at $108 with 65,566 shares, Grace Kennedy added 90 cents and closed at $42.90 with 273,004 shares. Jamaica Broilers rose 79 cents, to $18.50 with 2,900 shares, Jamaica Producers ended with a loss of 10 cents, at $15.70 with 630 shares, Jamaica Stock Exchange closed at $6.35 with 4,292 shares and JMMB Group traded 90 cents higher to $21.90 with 92,900 shares. Kingston Wharves gained 47 cents to close at $30 with 12,645 shares, Mayberry Investments closed at $4.85 with 101,445 shares, NCB Financial Group closed $2.50 higher to $91 with 51,608 shares, 138 Student Living closed at $4.75 with 1,216 shares, 1834 Investments gained 6 cents to close at $1.40 with 1,898 shares. PanJam Investment added 44 cents to close at $33.47 with 10,550 stock units, Radio Jamaica rose 7 cents to $1.29, with 5,719 shares, Sagicor Group closed at $32.86 trading 927,951 units, Salada Foods closed at $8.60 with 100,500 shares, Scotia Group traded $2.99 higher to close at a new high of $57.99 with 153,874 shares, Scotia Investments exchanged 2,025 shares at $35.50, Seprod closed at $30.50 with 2,850 shares, Sterling Investments with a loss of 50 cents, closed at $12.30 with 998,453 shares, Supreme Ventures closed at $12, losing 65 cents with 5,514 shares changing hands. erotic job escorts near me. Margaritaville Turks US ordinary shares closed at 30 US cents with 3,970 units traded, Proven Investments US ordinary share closed at 23.99 US cents, down from 24 cents, with 1,050,020 units, Productive Business Solutions US ordinary shares closed at 60 US cents with 900 units and Jamaica Money Market Brokers 7.5% preference share ended at $2 with 242,935 units trading.

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