Back to normal for JSE Main Market

September 29, 2021 by

Trading activity on Wednesday could not match the heady trading levels resulting from the dominant trade by Barita Investments on Tuesday. The volume of shares trading on Wednesday dropped 63 percent and the value 96 percent from Tuesday’s levels, helping the Jamaica Stock Exchange Main Market to close higher for a fourth consecutive day.
Fifty two securities traded, up from 49 on Tuesday, with 15 rising, 23 declining and 14 ending unchanged.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.8 based on ICInsider.com forecast of 2021-22 earnings.
The All Jamaican Composite Index popped 3,488.35 points to 452,100.44, the JSE Main Index jumped 2,700.82 points to 410,898.90 and the JSE Financial Index popped 0.89 points to end at 100.72.
A total of 18,954,825 shares traded at $169,922,552 from 50,863,279 units at $4,450,256,298 on Tuesday. Sagicor Select Financial Fund led the market, with 28.3 percent of total volume in exchanging 5.37 million shares followed by Pulse Investments 20.5 percent with 3.89 million units, Transjamaican Highway 14.3 percent with 2.71 million shares, Wigton Windfarm 11.4 percent with 2.17 million units and Sagicor Select Manufacturing & Distribution Fund with 5.6 percent after trading 1.07 million units.
Trading averages 364,516 units at $3,267,741, down from 1,038,026 shares at $90,821,557 on Tuesday and month to date, an average of 334,642 units at $7,489,764, compared to 333,105 units at $7,706,920 on Tuesday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments spiked $4.99, ending at a record close of $106.99 in exchanging 594,219 stocks, Eppley gained 50 cents to finish at $39.50 with 454 stock units crossing the market, Eppley Caribbean Property Fund rose 96 cents to close at $43.95 in switching ownership of 23,576 units. First Rock Capital gained 60 cents in closing at $12.90 after trading 8,091 shares, Jamaica Broilers shed 99 cents to $32 with the swapping of 15,304 stocks, Jamaica Producers lost 28 cents to end at $22.70 with 1,306 shares crossing the exchange. Jamaica Stock Exchange dipped 29 cents to close at $16.85 in switching ownership of 7,067 stock units, JMMB Group fell 45 cents to $37.70 in an exchange of 216,455 units, Kingston Wharves popped 95 cents to $45 after three stocks cleared the market. 138 Student Living shed 54 cents to $4.51 with the swapping of 897 shares, Palace Amusement dropped $19 in closing at $1,030 after trading 71 units, Proven Investments shed 59 cents ending at $32.16 with 6,024 stock units changing hands. Pulse Investments gained 23 cents to close at $4.93 with an exchange of 3,890,553 shares, Sagicor Group advanced $2 to $56 in transferring 152,988 stocks, Scotia Group declined 60 cents to end at $38.40 in switching ownership of 85,570 units. Seprod lost 20 cents to close at $63.10 with 120,483 shares crossing the market, Sygnus Credit Investments shed 35 cents to end at $15.50 after 49,632 stock units cleared the market.
In the preference segment, Eppley 5% fell $1 to end at a 52 weeks’ low of $19 with an exchange of 399 shares and Eppley 7.50% preference share declined $1.20 in closing at $6.80 with a transfer of 10,800 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Barita cornered Main Market trading

September 28, 2021 by

Trading picked up steam on Tuesday, with the volume of shares traded soaring 303 percent, with the value surging 2,777 percent higher than on Monday at the close of the Jamaica Stock Exchange Main Market as Barita Investments commandeered trading with 39 million shares valued at $3.985 billion as market activity ended with the market indices enjoying another day of four-digit bounce as rising stocks outnumbered those declining almost two to one.

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The All Jamaican Composite Index advanced 2,669.74 points to settle at 448,612.09, the Main Index rose 2,352.30 points to 408,198.08 and the JSE Financial Index rallied 0.53 points to end at 99.83.
Trading ended with 49 securities compared to 55 on Monday, with 23 stocks rising, 14 declining and 12 ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.8 based on ICInsider.com forecast of 2021-22 earnings.
Trading ended with 50,863,279 shares changing hands for $4,450,256,298 versus 12,618,882 units at $154,663,612 on Monday. Barita Investments led trading with 76.3 percent of total volume after trading 38.8 million shares, NCB Financial followed with 5 percent, trading 2.53 million units, Transjamaican Highway accounting for 4.1 percent with 2.08 million units, Wigton Windfarm 3.9 percent with 1.97 million units and GraceKennedy with 2.1 percent for an exchange of 1.08 million units.
Trading averages 1,038,026 units at $90,821,557, up from 229,434 shares at $2,812,066 on Monday and month to date, an average of 333,105 units at $7,706,920, compared to 297,200 units at $3,473,430 on Monday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments fell $2 in closing at $102 with an exchange of 38,808,202 shares, Berger Paints lost 35 cents to end at $13.35 in trading 6,933 units, Caribbean Cement spiked $1.99 to $101 after exchanging 8,703 stock units. Caribbean Producers gained 20 cents to close at $4.84 with a transfer of 679,310 shares, Eppley popped 97 cents to $39 in an exchange of 200 units, First Rock Capital shed 75 cents in ending at $12.30 after crossing the market with 7,513 stocks, Guardian Holdings rose $1 to $581 in switching ownership of 869 units, Jamaica Broilers advanced $2.99 to $32.99 in exchanging 20,031 stocks. Jamaica Producers advanced $1.38 to $22.98 in switching ownership of 7,668 stock units, Jamaica Stock Exchange rallied 54 cents to $17.14 in trading 21,974 units, JMMB Group lost 35 cents to end at $38.15 with 109,400 shares crossing the exchange. Kingston Properties popped 50 cents to end at $9 with 63 shares changing hands. Margaritaville gained 88 cents in closing at $15.08 with an exchange of 1,346 units, Mayberry Jamaican Equities declined 50 cents to $8.20 in trading 673,703 stocks, Palace Amusement popped $13.18 to $1049 trading 31 shares. PanJam Investment rose 95 cents to close at $63 in clearing the market with 5,204 stock units, Proven Investments lost 25 cents in ending at $32.75, with 2,387 shares changing hands, Sagicor Group rallied 50 cents to end at $54, with 22,229 stock units crossing the market. Salada Foods dropped 22 cents in closing at $6.03 and exchanging 45,550 stocks, Scotia Group climbed 50 cents to $39 while exchanging 33,390 units, Seprod fell 20 cents to $63.30 in exchanging 9,641 shares. Supreme Ventures advanced 22 cents to $17.92, with 16,152 stock units clearing the market and Sygnus Credit Investments popped 25 cents to $15.85 with 21,608 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Gains for JSE Main market

September 27, 2021 by

Investors flexed their financial muscles on Monday and sent the value of shares trading soaring 63 percent higher than  on Friday at the close of the Jamaica Stock Exchange Main Market and sending the market indices higher after rising stocks to just edged out those declining.
The All Jamaican Composite Index rallied 2,398.59 points to settle at 445,942.35, the Main Index rose 1,974.48 points to 405,845.78 and the JSE Financial Index gained 0.47 points to end at 99.30.
Trading ended with 55 securities compared to 52 on Friday, with 23 stocks rising, 22 declining and 10 ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.7 based on ICInsider.com forecast of 2021-22 earnings.
Trading pulled out 12,618,882 shares for $154,663,612 versus 11,341,314 units at $94,854,280 on Friday. Transjamaican Highway led trading with 22.4 percent for an exchange of 2.83 million shares followed by Wisynco Group 21.8 percent with 2.76 million units, Wigton Windfarm with 17.7 percent after exchanging 2.24 million units and Pulse Investments 11.3 percent with 1.43 million units changing hands.
Trading averages 229,434 shares at $2,812,066, compared to 218,102 units at $1,824,121 on Friday and month to date, an average of 297,200 units at $3,473,430, compared to 301,309 units at $3,513,535 on Friday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments advanced $5 to an all-time high of $104 in an exchange of 57,785 shares, Caribbean Cement fell $1.49 to $99.01 with 1,271 stocks crossing the exchange, Eppley Caribbean Property Fund rose $1.99 to $42.99 in transferring 1,750 units. First Rock Capital lost 43 cents to end at $13.05, with 3,835 stock units crossing the market, Guardian Holdings shed $1 to end at $580 in trading 5,485 stocks, Jamaica Broilers rallied $1.55 to $30 with 3,198 units changing hands. Jamaica Producers popped 60 cents to $21.60 in switching ownership of 35,091 shares, Jamaica Stock Exchange shed 95 cents to $16.60 with an exchange of 1,520 stock units, JMMB Group slipped 45 cents to close at $38.50 with the swapping of 207,533 stocks. Kingston Properties fell $1 to $8.50 in switching ownership of 56,464 shares, Kingston Wharves lost 90 cents to close at $44.10 with 6,471 stocks changing hands, Mayberry Investments popped 50 cents to $6 in transferring 106,405 units. Mayberry Jamaican Equities gained 50 cents to $8.70 with the swapping of 650 shares, NCB Financial shed $1.50 to end at $127.50 after clearing the market with 12,877 units, Palace Amusement climbed $135.82 ending at $1,035.82 after exchanging 52 stocks. Portland JSX gained 98 cents to finish at $8 with the swapping of 1,000 stock units, Sagicor Real Estate Fund popped 50 cents to close at $8.50 after crossing the market with 233 units, Salada Foods picked up 25 cents to end at $6.25 in switching ownership of 14,969 stocks. Scotia Group lost 50 cents in closing at $38.50 with the swapping of 41,791 shares, Seprod spiked 39 cents to $63.50 with 39,397 stock units crossing the market and Supreme Ventures fell 90 cents to $17.70 in trading 86,640 stocks.
In the preference segment, Eppley 7.75% rallied 30 cents to a 52 weeks’ high of $20.80 in switching ownership of 7,200 stock units and in the corporate bond segment, Colassal 4.25% lost 47 cents in closing at $100.28 trading 50000 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Lumber out AMG now in ICTOP10

September 26, 2021 by

The Jamaican stock markets continued to bounce around in the past week, with both markets closing lower than the previous week, with Barita Investments APO draining funds and attention from secondary market trading, the absence of any other significant price moving news and Bank of Jamaica’s tightening of the financial market.

AMG Packaging back in ICTOP10

Against this background, there was little movement in and out of the ICTOP10 listings this past week, but AMG Packaging joined the Junior Market ICTOP 10 even as the price rose 21 percent from $1.66 last week to $2.01 this week.
After returning to the Junior Market ICTOP10 last week, Lumber Depot gave way this past week to AMG, with earnings projected at 25 cents for the year ending August 2022. If all goes well, the warehouse expansion could improve the company’s fortunes and that of shareholders.
Elsewhere, in the Junior Market, Stationery and Office Supplies pulled back to $5.76 from $6.60 at the end of the prior week. Access Financial fell to $18.75 from $21.49 last week, General Accident fell from $5.54 last week to $5.15, Medical Disposables slipped from $4.94 to $4.46, Caribbean Assurance fell from $1.80 to $1.66 and Caribbean Cream moved up to $6.60, from $6.05 last week.
In the Main Market, Carib Producers rose from $4.40 to $4.65, JMMB Group popped from $35.74 to $38.95, Guardian Holdings dropped $590 to $581 and Grace Kennedy slipped from $100 to $99.19, Radio Jamaica rose from $3.58 to $3.80 and Sygnus Credit Investments declined from $16 to $15.75.
The top three Main Market stocks are Berger Paints, followed by Guardian Holdings and JMMB Group, with expected gains of 208 to 263 percent for the three, versus last weeks’ 212 to 257 percent.
The top three stocks in the Junior Market are Elite Diagnostic, followed by Medical Disposables and General Accident. All three have the potential to gain between 250 percent and 307 percent, up from 224 percent and 291 percent last week.
This past week, the average gains projected for the TOP 10 Junior Market stocks moved from 197 percent to 214 percent and Main Market stocks moved from 173 percent to 166 percent.
The Junior Market closed the week with an average PE 12.1 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 and the historical average of 17 for March this year based on 2020 earnings. The TOP 10 stocks trade at a PE of 6.5, with a 54 percent discount to that market’s PE. The overall Junior Market can gain 65 percent to March next year, based on an average PE of 20 and 40 percent based on an average PE of 17.
The JSE Main Market ended the week at an average PE of 15.5, some distance from 19 in March, this suggests a possible 23 percent rise for the market at a PE of 19 and 29 percent at a PE of 20, to March 2022.The Main Market TOP 10 trades at a PE of 7.6, with a 50 percent discount to the PE of that market, well off the potential of 20.
ICTOP10 is a selection of stocks that are more likely to be the great winners within fifteen months and not necessarily the best in the market. ICInsider.com ranks stocks to separate the big winners from the rest, allowing investors to focus on potentially huge gains, helping to keep out an emotional attachment 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, based on 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.

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JSE Main Market drops 3250 points this week

September 24, 2021 by

Market activity ended on Friday with the value of stocks climbing 58 percent over Thursday volume, however, the volume of shares trading was a mere 6 percent higher as trading ended for the week on the Jamaica Stock Exchange Main Market, with the All Jamaican Composite Index ending 3,249.75 points lower than at the close of last week.
At the close on Friday, the All Jamaican Composite Index popped 922.91 points to settle at 443,543.76, the Main Index gained 780.78 points to 403,871.30 and the JSE Financial Index popped 0.39 points to end at 98.83.
A total of 52 securities traded, down from 51 on Thursday, with prices of 17 rising, 22 declining and 13 ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.5 based on ICInsider.com forecast of 2021-22 earnings.
The market ended with 11,341,314 shares trading for $94,854,280 versus 10,685,503 units at $226,729,653 on Thursday. Sterling Investments led trading with 46 percent of total volume after trading 5.21 million shares, followed by Transjamaican Highway 16.6 percent with 1.88 million units and Wigton Windfarm 7.5 percent with an exchange of 854,516 shares.
Trading averages 218,102 units at $1,824,121, compared to 209,520 shares at $4,445,679 on Thursday and month to date, an average of 301,309 units at $3,513,535, compared to 306,370 units at $3,616,283 on Thursday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments advanced $2 to end at 52 weeks’ high of $99 with 25,427 shares clearing the market, Berger Paints shed 99 cents to $13.51 with an exchange of 36,113 stocks, Caribbean Cement lost 40 cents in closing at $100.50 with 15,907 units changing hands. Eppley fell $1.70 to $38 in transferring 100 stock units, Eppley Caribbean Property Fund climbed $3.75 to $41 in switching ownership of 200 units, First Rock Capital rose 89 cents to $13.48 in exchanging 11,708 stocks. GraceKennedy traded 242,724 and fell 19 cents to close at $99.19, Guardian Holdings fell $4 to $581 with a transfer of 2,127 shares, Jamaica Broilers rallied 95 cents in closing at $28.45 after exchanging 12,080 stock units, Jamaica Producers advanced $1 to $21 in trading 129,320 stocks. Jamaica Stock Exchange popped 55 cents to close at $17.55 with 33,349 shares crossing the exchange, but only after trading at an intraday 52 weeks’ low of $15.02. JMMB Group jumped $2.75 to $38.95 with 565,258 units changing hands, Kingston Wharves declined $1 to end at $45 with the swapping of 53,929 stock units, MPC Caribbean Clean Energy declined $5 to $115, with 108 units crossing the market, NCB Financial lost 49 cents to settle at $129 in switching ownership of 23,011 shares, Palace Amusement dropped $10 to $900 in trading 164 stocks. PanJam Investment shed $1.77 to close at $62.01 in an exchange of 52,360 stock units, Sagicor Group lost 52 cents to end at $53.50 in trading 60,107 shares, Seprod dipped 39 cents to $63.11 with 11,833 stocks crossing the market and Wisynco Group fell 35 cents to $15.65 in exchanging 93,661 units.
In the preference segment, Eppley 7.50% preference share declined by $4.30, ending at $8 in exchanging 1,233 stock units. In the corporate bond segment Caribbean Producers rose $1 to $101, trading 30,000 units and Colassal 4.25% fell $4.11 in trading 150 million 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Stocks continue struggle on JSE Main Market

September 23, 2021 by

Investors extended 183 percent more funds on stocks on Thursday than they did on Wednesday in market activity on the Jamaica Stock Exchange Main Market, leading to rising stocks exceeding those declining, but that did not prevent a fall in the market indices at the close.
The All Jamaican Composite Index slipped 295.03 points to 442,620.85, the Main Index fell 101.04 points to 403,090.52 and the JSE Financial Index lost 0.06 points to end at 98.44.
Trading touched 51 securities versus 52 on Wednesday, with 20 rising, 17 declining, and 14 unchanged.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.3 based on ICInsider.com forecast of 2021-22 earnings.
At the close, 10,685,503 shares traded for $226,729,653 versus 11,218,510 units at $80,012,135 on Wednesday. Wigton Windfarm led trading with 21.8 percent of total volume after trading 2.33 million shares, followed by Sagicor Select Financial Fund 12.5 percent with 1.33 million units and Transjamaican Highway with 10.4 percent in exchanging 1.11 million units.
Trading averages 209,520 units at $4,445,679, compared to 215,741 shares at $1,538,695 on Wednesday and month to date, an average of 306,370 units at $3,616,283, compared to 312,513 units at $3,563,672 on Wednesday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows six stocks ended with higher bids than their last selling prices and five with lower offers.
At the close, Barita Investments spiked $5.49 to $97 with an exchange of 274,521 shares, Berger Paints gained 40 cents in closing at $14.50, with 1,376 stock units clearing the market, GraceKennedy gained 20 cents in ending at $99 after trading 145,832 shares, Guardian Holdings climbed $5 to close at $585 with 5,361 stocks crossing the exchange. Jamaica Broilers advanced $2.50 to $27.50 in switching ownership of 22,590 units, Jamaica Producers shed $1 to $20 with 286,304 shares changing hands, JMMB Group rose 70 cents to $36.20 with the swapping of 417,393 stocks. Key Insurance advanced 19 cents to $4.22 in trading 26 units, Margaritaville shed 80 cents to close at $14.20 after seven stock units crossed the market, Mayberry Investments lost 20 cents to end at $5.50 in exchanging 301,484 units, Mayberry Jamaican Equities fell 55 cents to $8.20 in exchanging 794 units, NCB Financial Group rose $1.49 to $129.49 in trading 179,455 stocks. Palace Amusement rallied $8 to $910 with a transfer of 236 stock units, PanJam Investment popped $1.78 to end at $63.78 with 931,362 shares crossing the market, Scotia Group declined $1 to $39 after dropping to a 52 weeks’ low of $37 in 69,473 units changing hands and Wisynco Group rose 21 cents to $16 in an exchange of 65,458 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

More declines for JSE Majors

September 22, 2021 by

Stock prices softened on Wednesday with demand for stocks dipping below Tuesday and ended withJ the volume of shares trading declining 23 percent and the value dropped 53 percent below Tuesday’s trade on the Jamaica Stock Exchange Main Market, resulting in declining stocks outnumbering those rising.
The All Jamaican Composite Index dropped 1,575.15 points to 442,915.88, the Main Index shed 1,499.07 points to 403,191.56 and the JSE Financial Index lost 0.14 points to end at 98.50.
Trading ended with 52 securities compared to 46 on Tuesday, with 14 stocks rising, 24 declining and 14 ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.3 based on ICInsider.com’s earnings forecast for 2021-22.
Trading ended with 11,218,510 shares changing hands for $80,012,135 versus 14,658,044 units at $171,290,682 on Tuesday. Transjamaican Highway led trading with 35.1 percent of total volume for an exchange of 3.94 million shares, followed by Wigton Windfarm with 24.8 percent after trading 2.78 million units and Sagicor Select Financial Fund with 6.7 percent after trading 753,355 shares.
Trading averages 215,741 units at $1,538,695, compared to 318,653 shares at $3,723,710 on Tuesday and month to date, an average of 312,513 units at $3,563,672, compared to 319,205 units at $3,703,697 on Tuesday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments fell $2.49 to $91.51, with 45,486 shares changing hands, Caribbean Cement declined $2 to close at $101 with the swapping of 5,329 units, GraceKennedy shed 69 cents in closing at $98.80 after swapping 65,023 stocks. Guardian Holdings slid $5 to $580 in trading 1,341 stock units, Jamaica Broilers declined $3.10 to $25, with 171,105 units crossing the exchange, Margaritaville rose 80 cents to $15 in exchanging 220 shares. Mayberry Investments lost 30 cents to finish at $5.70 in trading 143,039 stocks, Palace Amusement dropped $148 in closing at $902 in an exchange of 70 stock units, PanJam Investment shed 50 cents to $62 with the swapping of 50,000 shares. Proven Investments spiked 53 cents to $32.90 with 6,350 stocks crossing the market, Salada Foods lost 30 cents to end at $6.20 in trading 51,666 stock units, after trading as low as $5.52, during the trading session. Scotia Group popped 45 cents to $40 with an exchange of 90,230 units, Seprod lost 35 cents to close at $63.65, with 291,051 stock units clearing the market, Supreme Ventures rose 85 cents in closing at $18.85 after switching ownership of 115,950 units and Sygnus Credit Investments gained 38 cents in ending at $15.88 and exchanging 38,335 stocks.
In the corporate bond segment, Guardian Holdings 7% due 2027 bond rose 30 cents to $102.65 after trading 500,000 units.

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

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

Main market stocks decline

September 21, 2021 by

Trading ended on Tuesday with the main market indices falling appreciably, after rising stocks trailed by almost one to two those declining as the volume of shares traded spiked 123 percent higher and the value of stocks surged 186 percent over Monday at the close of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index fell 1,769.43 points to settle at 444,491.03, the JSE Main Index declined 1,811.95 points to 404,690.63 and the JSE Financial Index shed 0.18 points to end at 98.64.
Trading ended with 46 securities compared to 51 on Monday, with 11 stocks rising, 20 declining and 15 ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.5 based on ICInsider.com forecast of 2021-22 earnings.
The market closed with 14,658,044 shares trading for $171,290,682 versus 6,587,765 units at $59,809,086 on Monday. Sagicor Select Financial Fund led trading with 40.2 percent of total volume after exchanging 5.89 million shares followed by Wigton Windfarm 11.9 percent, with 1.74 million units, Transjamaican Highway accounted for 10.3 percent with 1.51 million units and Barita Investments 7.8 percent with 1.15 million shares changing hands.
Trading averages 318,653 units at $3,723,710, compared to 129,172 shares at $1,172,727 on Monday and month to date, an average of 319,165 units at $3,703,697, compared to 319,241 units at $3,702,393 on Monday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments climbed $4 to $94 in exchanging 1,145,005 stock units, Berger Paints rose 97 cents to $14.10 after trading 27,638 units, Caribbean Cement rallied 97 cents to $103 with 31,506 stocks crossing the market. Caribbean Producers popped 22 cents to $4.67 in transferring 100,275 stock units, Eppley spiked $1.20 in ending at $39.70 with an exchange of 1,493 stocks, First Rock Capital rose 59 cents to $12.59 with 102,683 shares clearing the market. GraceKennedy shed 51 cents to close at $99.49, trading 24,485 units, Guardian Holdings dropped $7 to $585 in an exchange of 138 stocks, Jamaica Broilers lost 40 cents to end at $28.10 in switching ownership of 35,260 shares. Jamaica Producers fell $2.39 to finish at $21 after 168,013 stock units crossed the market, Jamaica Stock Exchange slipped 55 cents to $17.20 with the transfer of 3,900 units, Kingston Wharves lost 46 cents to close at $46.05 in switching ownership of 7,258 stocks. NCB Financial Group declined $1.10 to $127.90 with the swapping of 43,639 units, Palace Amusement popped $50 in closing at $1,050 in trading four shares, Proven Investments gained 27 cents to end at $32.37 after clearing the market with 15,512 stock units. Sagicor Real Estate Fund fell 50 cents in ending at $8 with an exchange of 14,870 stocks, Salada Foods lost 43 cents to $6.50 in switching ownership of 28,135 shares, Scotia Group declined 45 cents to close at $39.55 after exchanging 19,323 stock units. Seprod shed $2 after ending at $64 in trading 83,383 shares and Sygnus Credit Investments lost 39 cents in closing at $15.50, with 102,675 shares 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Modest slippage for Main Market

September 20, 2021 by

Market activity ended on Monday with the volume of shares traded jumping 66 percent higher and the value rising 21 percent more than in trading on Friday on the Jamaica Stock Exchange Main Market as stocks rising were fewer than those declining.
The All Jamaican Composite Index shed 533.05 points to settle at 446,260.46, the Main Index declined 448.18 points to 406,502.58 and the JSE Financial Index lost 0.20 points to end at 98.82.
Trading ended with 51 securities similar to Friday, with 15 stocks rising, 18 declining and 18 ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.5 based on ICInsider.com.’s forecast of 2021-22 earnings.
The market closed with 6,587,765 shares trading for $59,809,086 versus 3,971,368 units at $49,614,466 on Friday. Wigton Windfarm led trading with 22 percent of total volume for an exchange of 1.45 million shares followed by Transjamaican Highway with 17.1 percent after trading 1.13 million units and Pulse Investments 9.3 percent with 609,373 units.
Trading averages 129,172 units at $1,172,727, compared to 77,870 shares at $972,833 on Friday and month to date, an average of 319,241 units at $3,702,393, compared to 334,040 units at $3,899,360 on Friday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and none ended with lower offers.
At the close, Berger Paints shed 61 cents after ending at $13.13 in trading 11,324 shares, Caribbean Cement rallied $1.03 to $102.03 with an exchange of 5,384 stocks, Guardian Holdings popped $2 to $592 after an exchange of 5 stock units. Jamaica Stock Exchange rose 75 cents to $17.75 in trading 57,723 units, JMMB Group shed 24 cents to close at $35.50, with 115,314 shares crossing the market, Kingston Wharves fell 49 cents to $46.51 with the swapping of 712 stocks, NCB Financial gained 49 cents after ending at $129 in an exchange of 14,188 shares. PanJam Investment spiked 50 cents to close at $62.50 in switching ownership of 9,994 stock units, Seprod advanced $1.99 to end at $66 with 15,237 units clearing the market, Supreme Ventures dropped 20 cents to $17.80 in trading 4,260 units, Victoria Mutual Investments rose 27 cents in closing at $5.65 after trading 95,734 stocks.
In the preference segment, Eppley 7.75% rose 50 cents to $20.50 with 400 stock 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Lumber back in ICTOP10

September 18, 2021 by

Markets keep bouncing around with no clear direction and could be weight down by a number of factors, including rising interest rates as Bank of Jamaica starts its tightening of the financial market, Barita Investments APO that will drain or divert funds from secondary trading of other stocks and the absence of any other major news that could move stock prices meaningfully. Against this background, there was little movement in and out of the ICTOP10 listings this past week.
Lumber Depot moved back into the ICTOP10 with the price pulling back under $3 and replaced tTech that enjoyed a price bounce from $4.20 last week to $4.50 this past week.
Elsewhere, in the Junior Market, Dolphin Cove rose $1 to $10.15 and Stationery and Office Supplies rose 85 cents to $6.60 and in the Main Market, Berger Paints rose $1.19 to $13.74, JMMB Group fell 76 cents to $35.74, Guardian Holdings dropped $19 to $590 and Grace Kennedy lost $2 to end at $100 as demand for the stock seems lukewarm at this stage of the market, with the third quarter results being a month and a half away and Sygnus Credit Investments rose 84 cents to $16.
The top three Main Market stocks are, Berger Paints followed by JMMB Group and Guardian Holdings, with expected gains of 212 to 257 percent for the three, versus last weeks’ 202 to 290 percent.
The top three stocks in the Junior Market, are Elite Diagnostic, followed by General Accident and Medical Disposables, with all three having the potential to gain between 224 percent and 291 percent, which is similar to last week.
This past week, the average gains projected for the Junior Market, moved from 209 percent to 197 percent and Main Market stocks moved from 170 percent to 173 percent.
The Junior Market closed the week with an average PE of 12 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 as well as the historical average of 17, for the period to March this year, based on 2020 earnings. The TOP 10 trades at a PE of 6.9, with a 42 percent discount to that market’s PE and the potential to rise 67 percent to March next year, based on an average PE of 20.
The JSE Main Market ended the week with an overall PE of 16, a little distance from 19 the market ended at in March, suggesting a 23 percent rise at a PE of 19 and 29 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.6, with a 52 percent discount to the PE of that market, well off the potential of 20.
ICTOP10 stocks are not intended to be a selection of the best stocks in the market but ones that are most likely to be the best winners within a fifteen months period. ICInsider.com ranks stocks to filter out the bigger winners from the rest, allowing investors to focus on potentially huge winners, helping to keep out emotional attachments to stocks that often result in costly mistakes being made.
 IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. 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.

Filed Under: Buy Rated Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,