JSE Main Market plunges

January 13, 2022 by

Market activity ended on Thursday with the money entering the more than doubling trading on Wednesday on the Jamaica Stock Exchange Main Market and ended with a sharp fall in the market with the All Jamaican Composite Index plunging 6,554.82 points to 436,610.31, the JSE Main Index dived 5,492.32 points to 395,073.35 and the JSE Financial Index fell 1.42 points to end at 97.49.
Fifty securities traded, compared to 49 on Wednesday, with 15 rising, 22 declining and 13 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16. The PE ratio for the JSE Main and USD Market closing quotes are computed based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
A total of 12,654,913 shares changing hands for $92,312,652 versus 11,360,273 units at $45,708,326 on Wednesday. Sagicor Select Financial Fund led trading with 26.4 percent of total volume with a transfer of 3.34 million shares followed by Wigton Windfarm with 22.3 percent after trading 2.82 million units, JMMB Group 7.5% preference share accounted for 12.7 percent with 1.61 million and JMMB Group 7.35% – 2028 preference share contributed 9.5 percent after trading 1.21 million units.
Trading averages 253,098 units at $1,846,253, up from 231,842 shares at $932,823 on Wednesday and month to date, an average of 165,227 units at $1,191,542, compared to 154,766 units at $1,113,600 on the previous day. December closed with an average of 479,143 units at $6,686,322.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments lost 42 cents to end at $95.50 in exchanging 10,909 shares, Berger Paints shed 49 cents in closing at $12.50 with a transfer of 10,109 stock units, Caribbean Producers popped 91 cents to close at a 52 weeks’ high of $16.30 in trading 338,318 units. Eppley Caribbean Property Fund declined $7.49 to close at $36.31 in switching ownership of 4,500 stocks, GraceKennedy fell 61 cents to $98.89 after 129,890 units crossed the market, Guardian Holdings dropped $18 to end at $512 with the swapping of 4,265 shares. Jamaica Stock Exchange shed 50 cents to finish at $16.50 with 74,726 stock units changing hands, JMMB Group lost 35 cents to close at $38.15 with an exchange of 97,814 stocks, Kingston Properties fell 71 cents to $9 in switching ownership of 382 stock units. Margaritaville  rose $2.10 to $16.80 in trading 450 stocks, MPC Caribbean Clean Energy declined $3 to a 52 weeks’ low of $97 with the swapping of 696 shares, NCB Financial shed $1.50 to end at $127 with 44,195 units crossing the market. Palace Amusement climbed $95 to close at $995 in exchanging 59 stock units, PanJam Investment fell $1.20 to $64.80 after 4,950 stocks cleared the market, Sagicor Group declined $5.46 in closing at $51.51 and switching ownership of 13,479 shares. Scotia Group fell $1.15 to $36.34 after exchanging 19,909 units and Seprod gained 90 cents to settle at $63 in an exchange of 110,300 units.
In the preference segment, Productive Business Solutions 9.75% preference share spiked $4 to end at $108 in switching ownership of 758 stocks.

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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Rally for JSE Main market

January 12, 2022 by

Stocks prices rebounded in market activity on Wednesday, with the volume of shares trading rising 127 percent more than on Tuesday as the value rose just 26 percent higher at the close of the Jamaica Stock Exchange Main Market, with rising stocks exceeding declining ones.
The All Jamaican Composite Index advanced 2,908.68 points to 443,165.13, the JSE Main Index rallied 3,210.20 points to end at 400,565.67 and the JSE Financial Index popped 0.99 points to settle at 98.91.
Overall, 49 securities traded versus 53 on Tuesday, with 21 rising, 18 declining and 10 ending unchanged.
A total of 11,360,273 shares traded for $45,708,326 versus 4,998,746 units at $36,379,818 on Tuesday. Sagicor Select Financial Fund led trading with 35.7 of total volume after an exchange of 4.06 million shares followed by Transjamaican Highway, 19.9 percent with 2.26 million units and Wigton Windfarm with 17 percent for 1.93 million shares.
The PE Ratio, a formula for computing appropriate stock values, averages 16.4. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
The average trade for the day was 231,842 units at $932,823 compared to 94,316 shares at $686,412 on Tuesday and month to date, an average of 154,766 units at $1,113,600, against 144,586 units at $1,137,476 on Tuesday. December closed with an average of 479,143 units at $6,686,322.
Investor’s Choice bid-offer indicator shows thirteen stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Caribbean Cement advanced $2 to $73 with 25,388 shares crossing the exchange, Eppley Caribbean Property Fund rose $1.50 in closing at $43.80 after trading 1,200 stocks, First Rock Capital shed 60 cents in ending at $10.25 with the swapping of 4,200 units. GraceKennedy fell 49 cents to close at $99.50 with a transfer of 13,454 stock units, Guardian Holdings dropped $10 to end at $530 in an exchange of 193 units, Jamaica Producers rose $1 to $23 after 2,832 shares cleared the market. Jamaica Stock Exchange gained 35 cents to finish at $17 with 31 stocks changing hands, JMMB Group spiked 35 cents to close at $38.50 in exchanging 325,883 stock units, Palace Amusement popped $10 to $900 after swapping of 30 units. Proven Investments rallied 61 cents to end at $33.10 after 460 shares crossed the market, Sagicor Group climbed $4.67 in closing at $56.97 with 6,918 stock units clearing the market, Scotia Group advanced $1.49 to end at $37.49 with investors switching ownership of 43,152 stocks. Seprod fell 40 cents to end at $62.10 in transferring 29,290 shares and Wisynco Group rallied 87 cents to $17.89 in trading 46,077 stock units.

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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Subdued trading for JSE Main Market

January 11, 2022 by

Market activity ended on Tuesday with the volume of shares trading declining 55 percent, but with the value holding close to Monday’s level at the close of the Jamaica Stock Exchange Main Market as rising stocks were less than those declining.
The All Jamaican Composite Index shed 1,680.06 points to end at 440,256.45, the JSE Main Index dipped 2,598.25 points to finish at 397,355.47 and the JSE Financial Index fell 0.66 points to close at 97.92.
A total of 53 securities traded compared to 51 on Monday, with 20 rising, 24 declining and nine ending unchanged.
The PE Ratio, a formula used in computing appropriate stock values, averages 16.2. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
Overall, 4,998,746 shares traded for $36,379,818 versus 11,148,306 units at $36,249,301 on Monday. Sagicor Select Financial Fund led trading with 22.1 percent of total volume transferring 1.11 million shares followed by Sagicor Select Manufacturing & Distribution Fund, 17.1 percent, with 856,909 units and Transjamaican Highway accounting for 15.9 percent trading 793,717 units.
Trading averaged 94,316 units at $686,412, compared to 218,594 shares at $710,771 on Monday and month to date, an average of 144,586 units at $1,137,476, compared to 152,965 units at $1,212,654 on Monday. December ended with an average of 479,143 units at $6,686,322.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments popped 90 cents to end at $95.90 with the swapping of 10,281 shares, Berger Paints rallied 49 cents to close at $12.99 in exchanging 608 stocks, Caribbean Cement shed $1 in closing at $71 after switching ownership of 25,329 units. Eppley gained 50 cents to finish at $36 after exchanging 1,105 stock units, Eppley Caribbean Property Fund advanced $2.30 after ending at $42.30 in trading 700 stocks, First Rock Capital rose 70 cents to close at $10.85, with 6,146 stock units clearing the market. Guardian Holdings declined $10 after ending at $540 with 1,535 shares changing hands, Jamaica Producers lost 52 cents to close at $22 with a transfer of 76,000 units, Jamaica Stock Exchange shed 85 cents to $16.65 with 675 stocks crossing the market. JMMB Group fell 75 cents in closing at $38.15 with the swapping of 145,580 shares, Kingston Wharves lost 45 cents to end at $43 n trading 20,566 stock units, MPC Caribbean Clean Energy declined $10 to $100 with investors exchanging 158 shares. Palace Amusement advanced $10 to end at $890 in transferring 46 stocks, PanJam Investment shed $1.50 after ending at $66 with 53,482 units crossing the market, Proven Investments dipped 48 cents in closing at $32.49 with 13,577 shares changing hands. Scotia Group gained 50 cents to finish at $36 in switching ownership of 61,922 stock units, Seprod shed $2.49 to end at $62.50 in an exchange of 2,778 shares, Stanley Motta popped 30 cents in closing at $5.50 after trading 7,000 stock units and Supreme Ventures rose 60 cents to end at $17.80 in an exchange of 55,675 stocks.
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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Many more losses than winners for JSE majors

January 10, 2022 by

Market activity ended on Monday with the volume of shares traded rising 42 percent and the value dropping 76 percent below Friday’s activities on the Jamaica Stock Exchange Main Market as rising stocks fell well below those declining.
The All Jamaican Composite Index rose 567.11 points and closed at 441,936.51, the JSE Main Index advanced 1,784.89 points to 399,953.72 and the JSE Financial Index rose 0.63 points to settle at 98.58.
A total of 51 securities traded up from 48 on Friday, with 15 rising, 27 declining and nine ending unchanged.
The PE Ratio, a formula for computing appropriate stock values averages 16.1. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
A total of 11,148,306 shares traded for  $36,249,301 versus 7,837,782 units at $148,024,848 on Friday. Wigton Windfarm ended trading with 39.1 percent of total volume for an exchange of 4.36 million shares followed by Sagicor Select Financial Fund with 24.9 percent for 2.77 million units and Transjamaican Highway 7.6 percent after trading 842,393 units.
Trading averages 218,594 units at $710,771 versus 163,287 shares at $3,083,851 on Friday and month to date, an average of  152,965 units at $1,212,654 compared to 140,429 units at $1,308,519 on Friday. December closed with an average of 479,143 units at $6,686,322.
Investor’s Choice bid-offer indicator shows eleven stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments dropped $1.80 to $95 in exchanging 3,825 shares, Berger Paints fell 49 cents to $12.50 with 190 stocks changing hands, Caribbean Cement spiked 90 cents to $72 after 25,819 stock units crossed the exchange. Caribbean Producers gained 49 cents to close at a 52 weeks’ high of $15.49 with a transfer of 480,268 units,  Eppley popped $3 to end at $35.50 in trading 521 stock units, Eppley Caribbean Property Fund declined $3 in closing at $40 with an exchange of 61 units. First Rock Capital lost 45 cents after ending at $10.15 in exchanging 9,114 shares, Guardian Holdings advanced $10 to close at $550 with 98 stocks crossing the market, Jamaica Broilers gained 48 cents to end at $29 with 50,087 shares changing hands. Jamaica Stock Exchange rose 89 cents to $17.50 in trading 15,630 stock units, JMMB Group shed 35 cents to end at $38.90 after exchanging 64,616 units, MPC Caribbean Clean Energy shed $5 to close at $110 with the swapping of 470 stocks. NCB Financial lost 49 cents to end at $128.51 in switching ownership of 4,099 units, Palace Amusement dropped $115 to close at $880 in transferring 820 shares, PanJam Investment fell 50 cents to $67.50 with 2,227 stock units crossing the market. Supreme Ventures lost 30 cents in closing at $17.20 after an exchange of 21,716 stocks, Sygnus Real Estate Finance fell 35 cents to end at $17.50 with 300 stocks clearing the market and Wisynco Group shed 97 cents after ending at $17 with the swapping of 65,947 shares.
In the preference segment, JMMB Group 7.25% shed 75 cents to close at $3.06 with 524 units crossing the market.

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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Jamaican economy looking good for investment in 2022

January 10, 2022 by


Things are setting up nicely in the investment world for 2022, following two somewhat lousy years for the JSE Main Market that fell 22.6 percent in 2020 and rose a mere two percent in 2021, but technical reading is not very positive in the short term, but that is likely to change in the second half. The opposite is true for the Junior Market that is caught in a triangular formation that suggests a big break higher to take the market into record territory and most likely over the 4,000 index mark.
The genesis of such optimism is ro0ted in a number of positive developments in the wider economy and for some individual companies. Results of companies for the 2021 third quarter were some of the best seen for some time, with many doing better than in 2019, before the advent of the Covid19 that resulted in dislocation pressured the bottom line of many and for some opportunities that helped the topline and the bottom line.
Those developments bode well for profits and stock prices in 2022 when the economy is expected to recover from the sharp decline in 2020. Remittances for 2021 are expected to be over US$600 million more than for the record $2.9 billion intakes in 2020 and the tourism industry is expected to be back at 2019 levels or close to it but is expected to far exceed that in 2020 all things being equal. More growth is expected from exports and the BPO sector, accordingly, the country should see significant additional foreign exchange inflows in 2022 than at any time in its history. Bear in mind that the signal of how well the country is doing in international trade, the net international reserves rose US$104 million in December over November to close the year at $$4 billion and is up fromUS$3.1 billion at the end of 2020. The early signal of tourism performance shows December 2021 behind a similar period in 2019 by just 24 percent compared to a fall of 45 percent for all of 2021 versus 2019.
Unemployment will dip further in 2022 as most of the economy is expected back to near normal operations that will add to the spending power of Jamaicans and help to lift revenues.
In the financial sector, profits were on the mend and bankers are lending again with good growth taking place in the loan portfolio of some financial institutions.

Tourism expected end 2022 close to that of 2019

In 2021 banks and financial institutions with a few exceptions were pressured with the majority ending the year with a fall in price. These institutions will benefit from the rise in interest rates that will result in increased net interest income. The JSE financial index, a measure of the performance sector in 2020 down 6.5 percent for the year. The star performer was by far the Junior Market with gains of 30 percent with five stocks gaining between 95 and 266 percent.
In the second half of the year, inflation raised its head and the Bank of Jamaica hiked interest rates in response, so far there are no visible effects on the stock market, even as higher interest rates tend to negatively affect stock prices.
On the fiscal side, revenues for 2021 were healthy bettering the 2020/21 fiscal year b some distance. The effect is that the fiscal deficit should return to the 90 percent range again during 2022. Fiscal year 2022/23 should be much better and there could be some tax relief granted. It could be reduced GCT or an increase in the tax threshold. But it should stir the government into doing a comprehensive tax reform thus eliminating many of the minor tax categories. Whether there is tax relief or not, what is clear is that there will be no new taxes for the coming fiscal year.
In our 2021, ICInsider.com stated the period ahead, “seems set to be the year of surprises as many stocks that suffered badly in 2020 could be making a major turnaround in revenues and profit, while some that may not fully recover could start showing good signs of returning to normalcy.” That is exactly what happened during the year with strong gains from the likes of Caribbean Producers, Express Catering, Main Event, Medical Disposables, Radio Jamaica, Stationery and Office Supplies and Dolphin Cove, all of which suffered major setbacks in 2020.
The economy is clearly on the mend but there are still lingering concerns with the inability to seriously reduce the spread worldwide as well as in Jamaica. The latest Omicron strain is an example that we may not be out of the woods as yet. The ongoing vaccination of the population in Jamaica although not going as fast as planned continues apace and could support general positive expectations for the near term.
Importantly, PE ratios are rising as investor demand pushes values up as selling wanes at the end of 2021, the average PE ratio of the Junior Market suggests a 60 percent rise for the market while the Main Market is put at just 20 percent, with companies in the latter at a greater stage of developments than the former.
The country should see a full recovery from the important tourism sector during 2022 and this publication expects greater flows of foreign exchange with tourism back to normal and remittances holding close to the trend of 2021.

Coming soon – Junior Market could jump 60% in 2022

Filed Under: Economy, Feature Stories, Investment 2024 Tagged With: , , , , , , , , , , , , ,

ICTOP10 scaling new highs

January 9, 2022 by

Main Market TOP10 stock, Sagicor Group price fell to $52.31 to return to the TOP10 after closing the previous week at $58 and replaced by Scotia Group that slipped from $36 to $35.50 as both the Main and Junior Markets displayed some bullish signs in the past week, with Caribbean Producers hitting a record high of $15 and gained 436 percent in just over a year.

Sagicor Group back in ICTOP10.

Other big news for the week was the continued rise of  ICTOP10 Main Market stock, Caribbean Producers that closed the week with a gain of 15 percent at a record high of $15 and is now in the sixth spot with the potential to gain another 120 percent in months. Radio Jamaica rose 7 percent for the week to $3.23 and Guardian Holdings rose 5 percent.
Junior Market AMG Packaging rose 6 percent but could climb higher with the first quarter results to November, due this coming week and the company is also expected to announce a dividend. Lasco Financial put on 7 percent to land at $3.20, Elite Dynastic gained 4 percent to $2.95, Caribbean Assurance Brokers climbed as high as $2.75 during the week but closed down at $2.48 for a 3 percent gain, and Access Financial Services fell 10 percent to $17.08 and Lasco Distributors lost 6 percent to $3.20.
Elsewhere, investors in the Spur Tree Spices Initial Public offer will receive just over 11.76 percent of the shares they applied for in the heavily oversubscribed issue that is sure to drive the stock price with a big bang in the first week of trading which should be ahead of the end of January.
The top three Main Market stocks, this week are Guardian Holdings followed by JMMB Group and  Radio Jamaica all projected to gain between 199 and 258 percent up from 183 and 261 percent last week.
The Junior Market’s top three stocks for the week are Access Financial Services followed by AMG Packaging and Caribbean Assurance Brokers. All three can gain between 182 and 204 percent versus 174 and 218 percent, previously.
The average gains projected for the TOP 10 Junior Market stocks is 148 percent and Main Market stocks moved from 152 percent to this weeks’ 146 percent.
The Junior Market closed the week, with an average PE of 14.8 based on ICInsider.com’s 2021-22 earnings and is currently well below the target of 20 and the average of 17 at the end of March this year based on 2020 earnings. The TOP 10 stocks trade at a PE of just 8.2, with a 45 percent discount to that market’s average.
The Junior Market can gain 35 percent to March this year, based on an average PE of 20 and 15 percent based on an average PE of 17. Ten stocks representing 26 percent of all Junior Market stocks with positive earnings are trading at or above this level and averaging 25.
The average PE for the JSE Main Market is 16.4, just 16 percent less than the PE of 19 at the end of March and 22 percent below the target of 20 to March 2022. The Main Market TOP 10 average PE is 8.4 representing a 49 percent discount to the market and well below the potential of 20. A total of 14 stocks or 30 percent of the market trade at or above a PE of 19, with most over 20, for an average roundabout 25, suggesting that the accepted multiple is between 20 and 25 times the current year’s earnings.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings per share are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.

Coming soon reports

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Trading up, prices down on JSE Main Market

January 7, 2022 by

Trading activity jumped on the Jamaica Stock Exchange Main Market on Friday following Thursday’s low, with the volume of shares trading rising 23 percent and the value more than tripling and ended with declines in the market indices as rising stocks fell well behind those declining.
The All Jamaican Composite Index rallied 2,484.28 points to 441,369.40, the JSE Main Index shed 1,901.31 points to  398,168.83 and the JSE Financial Index shed 0.09 points to settle at 97.95.
Trading ended with 48 securities compared to 54 on Thursday, with 10 rising, including Caribbean Producers that closed at $15, a record high, as 20 declined and 18 ended unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.3. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial year end, up to August 2022.
A total of 7,837,782 shares traded for $148,024,848 versus 6,387,429 units at $36,048,355 on Thursday. Jamaica Broilers led trading with 1 million shares for 12.8 percent of total volume, followed by Carreras, 963,724 units with 12.3 percent of the day’s trade and Sterling Investments with 953,200 units for 12.2 percent market share.
Trading averages 163,287 units at $3,083,851 versus 118,286 shares at $667,562 on Thursday and month to date, an average of 140,429 units at $1,308,519, compared to 135,419 units at $919,405 on the prior day. December averaged 479,143 units at $6,686,322.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cement fell $1.88 to $71.10, with 48,057 shares changing hands, Caribbean Producers rallied $1.53 to close at a record high of $15 in trading 264,147 stocks, Eppley declined $3.49 to $32.50 with an exchange of 826,031 stock units. First Rock Capital advanced 45 cents to end at $10.60 with the swapping of 72,470 units, Guardian Holdings lost $35 in closing at $540 after exchanging 4,164 stocks, Jamaica Broilers shed $1.07 to $28.52, with an exchange of 1,003,921 stock units. Jamaica Stock Exchange dropped 29 cents in ending at $16.61 after 6,464 shares crossed the market, JMMB Group spiked $1.20 in closing at $39.25 after trading at 88,804 units, NCB Financial declined $1 to $129 with 281,014 stocks clearing the market. PanJam Investment rose 50 cents to $68 in exchanging 2,155 stock units, Proven Investments shed 48 cents in closing at $33.01 in an exchange of 2,640 shares, Sagicor Group fell 79 cents to end at $52.31, with 11,989 units crossing the market. Seprod lost 79 cents to $65 in trading 3,110 shares, Stanley Motta dropped 68 cents to $5.20 in switching ownership of 11,000 stock units, Sygnus Real Estate Finance climbed $2.34 to close at $17.85 while exchanging 2,719 stocks and Wisynco Group increased 47 cents to end at $17.97 with an exchange of 39,313 units.
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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

More gains for JSE Main Market

January 6, 2022 by

Market activity ended on Thursday, with the volume of shares trading rising 17 percent after 34 percent more funds entered the market than Wednesday on the Jamaica Stock Exchange Main Market as rising stocks exceeded those declining by a 3 to 2 margin.
The All Jamaican Composite Index climbed 2,108.36 points to 443,270.70, the JSE Main Index popped 1,860.79 points to close at 400,653.10 398,792.32 and the JSE Financial Index gained 0.58 points to end at 98.62. Similar to Wednesday’s trading, 54 securities traded, with 24 rising, 17 declining and 13 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.4. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com profit forecasts for companies with financial years ending up to August 2022.
A total of 6,387,429 shares traded $36,048,355 compared to 5,449,840 units at $26,843,381 on Wednesday. Sagicor Select Financial Fund led trading with 1.54 million shares for 24.2 percent of total volume followed by Wigton Windfarm with 1.32 million units for 20.6 percent of the day’s trade and Transjamaican Highway with 1 million units for 15.8 percent market share.
Trading averages 118,286 units at $667,562, up from 100,923 shares at $497,100 on Wednesday and month to date, an average of 135,419 units at $919,405, compared to 141,026 units at $1,001,827 on the prior day. December closed with an average of 479,143 units at $6,686,322.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints popped 49 cents to $12.99 after 5,620 shares passed through the market, Caribbean Producers rose 48 cents to $13.47 in finishing trading with 263,622 stock units, First Rock Capital declined $1.25 to $10.15 after exchanging 11,276 stocks. Guardian Holdings spiked $50 in closing at $575 in an exchange of 530 units, Jamaica Broilers gained 59 cents to end at $29.59 while exchanging 17,877 shares, JMMB Group lost 95 cents in closing at $38.05 in exchanging 78,690 stock units. Kingston Wharves advanced 50 cents to $43.50 trading 5,620 units, Mayberry Jamaican Equities popped 37 cents to end at $9.37 with an exchange of 3,035 stocks, NCB Financial climbed $1.51 to close at $130 with an exchange of 24,693 shares. Proven Investments rallied $1 to $33.49, with 2,458 stock units changing hands, Sagicor Group fell 90 cents to $53.10 trading 12,403 stocks, Salada Foods rose 32 cents to $6.89 in switching ownership of 868 units. Seprod advanced $3.69 in closing at $65.79 after 5,711 stock units crossed the exchange and Stanley Motta spiked 77 cents to end at $5.88, with 4,000 shares clearing the market.
In the preference segment, Eppley 5% gained $1.20 to close at a 52 weeks’ high of $21 after exchanging 2 stocks. JMMB Group 7.15% – 2028 shed 55 cents ending at $2.53 with 172,039 units changing hands and JMMB Group 7.25% increased $1.19 to end at a 52 weeks’ high of $3.81 with the swapping of 2,613 stocks.
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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

JSE Main Market recovers some lost grounds

January 5, 2022 by

Traders held off trading on Wednesday, as prices of several stocks rose appreciably as they left the volume of shares trading to fall 35 percent less than on Tuesday, with the value dropping 40 percent at the close of the Jamaica Stock Exchange Main Market as rising stocks were edged out by those declining.
The All Jamaican Composite Index popped 2,785.64 points to 441,162.35, the JSE Main Index rallied 2,394.62 points to end at 398,792.32 and the JSE Financial Index increased 0.70 points to settle at 98.04.
A total of 54 securities traded versus 55 on Tuesday, with 16 rising, 18 declining and 20 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.2. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
Just 5,449,840 shares traded for $26,843,381, down from 8,445,006 units at $45,087,324 on Tuesday. Sagicor Select Financial Fund led trading with 2.26 million shares for 41.5 percent of total volume, followed by Transjamaican Highway with 903,992 units for 16.6 percent of the day’s trade and Ciboney Group with 438,378 units for 8 percent market share.
Trading averaged 100,923 units at $497,100, against 153,546 shares at $819,770 on Tuesday and month to date, an average of 141,026 units at $1,001,827, compared to 160,536 units at $1,247,370 previously traded. December closed with an average of 479,143 units at $6,686,322.
Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments spiked $3.87 to close at $96.87 in an exchange of 5,145 shares, Caribbean Cement popped 89 cents to $72.99 trading 52,388 units, Eppley climbed 50 cents to $36 after 970 stocks crossed the exchange. Guardian Holdings advanced $1.50 to end at $525 in exchanging 3,089 stock units, Jamaica Broilers declined 97 cents in closing at $29, with 3,174 shares clearing the market, Jamaica Producers dropped 50 cents in ending at $22.50 after trading 7,883 stocks. Jamaica Stock Exchange rose 50 cents to close at $17 with the swapping of 28,789 units, JMMB Group fell 38 cents to end at $39 with 20,280 stock units changing hands, Mayberry Jamaican Equities shed 35 cents to $9 trading 9,677 shares. NCB Financial rallied $3.49 in closing at $128.49 after exchanging 8,481 stock units, Palace Amusement gained $20 to end at $995 while 26 units changed hands, Sagicor Group climbed $1 to $54 in switching ownership of 9,100 stocks. Salada Foods lost 41 cents in closing at $6.57, with 12,580 units crossing the market, Scotia Group climbed 49 cents to close at $35.49 exchanging 16,850 shares, Seprod shed $3.30 to $62.10 12,582 after stock units crossed the market. Sygnus Real Estate Finance fell $2.48 to end at $15.52 after trading 500 stocks and Wisynco Group declined 45 cents to close at $17.35 with an exchange of 57,334 stock units.
In the preference segment, JMMB Group 7.25% lost 69 cents in closing at $2.62 in an exchange of 500 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Correction for JSE Main Market

January 4, 2022 by

Market activity on Tuesday, ended with the volume of shares trading declining as the value of stocks changing hands dropped 52 percent lower than Monday at the close of the Jamaica Stock Exchange Main Market and ended with declining stocks exceeding those that rose.
The All Jamaican Composite Index plunged 5,072.14 points to close at 438,376.71, the JSE Main Index dived 3,923.09 points to end at 396,397.70 and the JSE Financial Index declined 1.00 points to settle at 97.34.
Trading ended with 55 securities compared to 56 on Monday, with 18 rising, 21 declining and 16 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.3. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
A total of 8,445,006 shares changing hands for $45,087,324 versus 9,374,442 units at $93,370,734  on Monday. Wigton Windfarm led trading with 2.32 million shares for 27.5 percent of total volume followed by Transjamaican Highway with 2.05 million units for 24.3 percent of the day’s trade and Sagicor Select Financial Fund with 1.56 million units for 18.5 percent market share.
Trading averages 153,546 shares at $819,770, down from 167,401 sunits at $1,667,335 on Monday and month to date, an average of 160,536 units at $1,247,370. Trading in December closed with an average of 479,143 units at $6,686,322.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments fell $3.70 to $93 with the swapping of 65,587 shares, Berger Paints declined 90 cents to end at $12.50, with an exchange 0f 9,767 stocks, Caribbean Cement dropped 85 cents in closing at $72.10, after 10,567 stock units crossed the market. Guardian Holdings gained $4.80 in ending at $523.50 trading 343 units, Jamaica Producers rallied 88 cents to close at $23 in trading 83,629 shares, Jamaica Stock Exchange shed 71 cents to $16.50 in exchanging 89,355 stocks. Kingston Properties increased 74 cents to $9.74 with 1,000 units changing hands, Kingston Wharves fell 45 cents to close at $43 after 609 stock units crossed the market, Mayberry Investments advanced 75 cents in ending at $7.95 after exchanging 500 shares. MPC Caribbean Clean Energy popped $15 in closing at $115 in an exchange of 1,347 stock units, Palace Amusement shed $75 in ending at $975 while exchanging 40 stocks, Portland JSX climbed 58 cents to end at $7.50, with 5,865 units changing hands. Scotia Group slipped 50 cents to $35 trading 44,961 units, Stanley Motta fell 84 cents in closing at $5.11 with an exchange of 1,000 shares, Sygnus Real Estate Finance rose $2.49 to $18 in switching ownership of 1,329 stock units and Wisynco Group rallied 30 cents to $17.80 after exchanging 252,736 stocks.
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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,