JSE trading dropped on Wednesday

Trading levels dropped sharply on the main market of the Jamaica Stock Exchange with 2 to 1 ratio to declining stocks on Wednesday but advancing stocks beat out declining ones more than 2 to 1.
Recent headliner Scotia Group traded up to $54 ahead of the results that were released after trading closed showing a reduction in profits for the third quarter.
At the close of the market, the volume of stocks changing hands and prices they last traded at are, Barita Investments closing at $9 with 100 units trading, Berger Paints ending with a loss of 50 cents, exchanging 25,657 shares to at $11, Cable and Wireless with a gain of 5 cents to $1.10 with 17,242 stock units. Carreras closed at $108 with 21,840 shares, Grace Kennedy ended at $42.05, gaining 5 cents with 21,302 shares. Jamaica Broilers shed 70 cents to $16.80, with 564,868 stock units, Jamaica Producers traded 25 cents higher to $15 with 124,041 shares, Jamaica Stock Exchange exchanged 126,810 shares at $6.49, while JMMB Group closed at $21.50, with gains of 50 cents trading 87,322 stock units. Kingston Properties closed at $7 with 1,325 shares, Kingston Wharves ended with a loss of 2 cents, at $30.48 with 700 units, Mayberry Investments closed at $4.80, gaining 30 cents with 168,080 shares, NCB Financial Group surged $2.45 to $90 with 9,494 units, 1834 Investments traded 230,583 units at $4.75. PanJam Investment with gains of 40 cents, closed at $34.25 with 103,619 shares, Portland JSX closed at $9.30 with 950 units, Pulse Investments fell 7 cents, to $1.75 with 31,081 shares, Radio Jamaica closed at $1.20 with 243,587 units, Sagicor Group added 20 cents to close at $33.25 with 28,717 shares, Sagicor Real Estate Fund closed at $11 with 5,150 units, Salada Foods ended with a loss of 50 cents, to close at $8 trading 1,500 shares, Scotia Group gained $1 to $54, in exchanging 58,264 stock units, Seprod advanced $1.25 to $29.25 with 750 units, Sterling Investments ended at $12 with 61,000 shares, Supreme Ventures added 10 cents to $11 with 358,560 shares. Proven Investments US ordinary shares exchanged 1,606 units at 23 US cents, JMMB Group 7.25% preference share closed at $1.50 with 361 units and JMMB Group 7.5% preference share traded 1,435 units at $1.19 after losing 1 cent.

 

Scotia drops $5 to $55

Scotia Group drops $5 on the JSE on Monday.

Stocks most fell at the close of trading on main market of the Jamaica Stock Exchange on Monday but with declining stocks outnumbered advancing ones after Scotia Group closed down $5 to $55 ahead of third quarter results this week.
The fall contributed by Scotia Group based on an average traded price of $55.52 was offset by average gains in the prices of JMMB Group and NCB Financial Group.
At the close of the market the volume of stocks changing hands and their last traded price are: Berger Paints that closed 65 cents lower to $11.50 with 49,098 shares, Cable and Wireless ending with a loss of 15 cents at $1.05 with 205,600 units, Caribbean Cement exchanged 2,850 stock units at $30, Carreras closed at $108 with 22,233 stocks trading, Grace Kennedy with a loss of 50 cents, closed at $41.50 with 950 shares. Jamaica Broilers closed at $17.20, trading 30 cents lower with 7,860 units, Jamaica Producers closed at $14.90, losing 10 cents with 2,105 shares, Jamaica Stock Exchange gained 21 cents to close at $6.49 exchanging 800,513 stocks, JMMB Group closed at $21.50 with 24,941 stock units. Kingston Wharves rose 30 cents to $30.80 with 7,420 shares, Mayberry Investments gained 4 cents to $4.50 with 16,200 stock units, NCB Financial Group traded 63,952 shares at $90,1834 Investmentslost 6 cents, closing at $1.34 with 50,496 units. PanJam Investment added 35 cents to close at $33.85 with 18,041 shares, Pulse Investments fell 3 cents to close at $1.82 with 7,245 units, Radio Jamaica closed at $1.20 after losing 5 cents in exchanging 350,693 shares. Sagicor Group traded 25 cents lower to $33 with 23,198 stock units, Sagicor Real Estate Fund advanced $1.45 to $12.05 with 639 stocks trading, Salada Foods traded 1,000 shares at $8.50, Scotia Group closed $5 lower to $55 with 59,365 stock units, Scotia Investments gained 30 cents to close at $37.30 with 1,830,050 shares, Seprod declined $1.90, closing at $28 with 560,300 stocks changing hands, Sterling Investments closed at $12 with 511,200 shares and Supreme Ventures ended with a loss of 20 cents at $10.80 with 106,855 units. Proven Investments US ordinary share gained 0.99 US cent to close at 23 US cents trading 15,750 units, Productive Business Solution US ordinary share closed at 60 US cents with 1,000 units exchanged, Jamaica Money Market Brokers 7.25% preference share lost 1 cent, closing at $2.50 with 2,272 units and Jamaica Money Market Brokers 7.5% preference share exchanged 1,500 units at $2.

TOP 10 – main market to shine

Sagiocr Group returns to TOP 10 list

IC Insider.com said last week, the main market sits just below the critical 290,000 point mark and seems headed to break through that level, based on the shortage of supply for Scotia Group shares.
During the past week the All Jamaica Composite Index (AJI) surged to 296,779.53 during trading on Thursday.
The AJI high of the past week is just shy of the 298,000 points the report stated the cut in BOJ’s bench mark rate would translate to. Having broken through the critical 290,000 points resistance level it looks like the main market is free to move to the next resistance level around 370,000 points. The junior market on the other hand raced ahead of the main market earlier this year and is struggling currently as a number of the stocks were pushed to values well ahead of the rest of the market and have been undergoing downward adjustment. The other factor is that many investors are not looking ahead as to what earnings could be. The recent trading of Stationery and Office Supplies is a case in point. Demand fell away ahead of the release of half year results, only to climb after the company released strong growth in profit, suggesting it could be just slightly ahead of IC Insider.com’s original forecast of 40 cents per share. This is not the only case of investors currently miss pricing stocks, but time usually takes care of it.
Buying came in for Barita Investments that returned to the top list last week pushing it out of the list once more, as some buying came in for the stock even with increased selling and Sagicor Group returned to the listing having been pushed out in the prior week.
The average PE ratio for the Junior Market Top stocks is at 7.3 and the PE for the main market TOP 10, ends the week at 6.9. The average PE for the overall main market trades at 13.2 and 13.2 for Junior Market, based on 2017 estimated earnings.
At the close of the week, IC Insider.com’s TOP 10 stocks now trade at an average discount of 45 percent to the average of the market for Junior Market Top stocks and it remains at 48 percent for the main market.

Dominant Jamaica Producers

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Jamaica Producers trades 1,097,168 shares at $15.

Jamaica Producers continues to trade in large quantities at a very high valuation that is well above the market’s average, suggesting that investors expect high growth in profits going forward. Sterling Investment was the second largest trade with the price falling back on Friday.
At the close of market activity, the last price securities traded at and the volumes changing hands are, Barita Investments climbing $1 higher to $9 with 25,000 shares, Berger Paints rising 5 cents to close at $12.15 with 73,884 shares, as investors’ interest gains momentum and ignoring the buyout offer of $10.88 per share by the Ansa McAl Group. Following the annual General Meeting of Cable and Wireless the stock price climbed 17 cents, closing at $1.20 with 952,364 shares exchanged. Caribbean Cement jumped $2 and closed at $30, with 81,000 shares, Carreras ended at $108 with 121,376 shares, Ciboney Group exchanged 360,866 shares at 18 cents and closed with 2,100,000 shares on the bid at 18 cents. Grace Kennedy lost 90 cents in closing at $42 with 900,221 shares, Jamaica Broilers closed at $17.50, trading $1 lower with 107,977 shares, Jamaica Producers closed at $15 with 1,097,168 shares, Jamaica Stock Exchange lost 2 cents to close at $6.28 exchanging 34,897 shares, JMMB Group traded 40 cents lower to $21.50 with 198,788 shares. Kingston Wharves lost 35 cents to close at $30.50 with 171,000 shares, Mayberry Investments closed at $4.46 after losing 4 cents with 1,428 units, NCB Financial Group rose 50 cents to $90 with 60,590 shares, 1834 Investments closed at $1.40 with 11,970 stock units. PanJam Investment added 2 cents to end at $33.50 with 16,620 shares, Pulse Investments gained of 5 cents and closed at $1.85 with 138,498 shares, Radio Jamaica closed at $1.25 with 30,489 shares, Sagicor Group exchanged 17,630 shares at $33.25, Sagicor Real Estate Fund declined 39 cents to $10.60, with 596,500 shares, Salada Foods traded 500 shares at $8.50, Scotia Group jumped $2.01 higher to close at a 52 weeks’ high of $60 with 144,647 stock units, Scotia Investments closed $1.50 higher to $37 with 76,000 shares, Sterling Investments closed at $12 with 1,002,600 stock units Supreme Ventures lost 1 cent and closed at $11, with 118,874 shares. Margaritaville Turks US ordinary share closed at 30 US cents with 1,596 units, Proven Investments US ordinary share lost 1 US cent trading 10,566 units at 23 US cents, JMMB Group 7.5% preference share closed at $1.20, gaining 4 cents with 119,733 units and Jamaica Money Market Brokers 7.5% preference share exchanged 210,000 units at $2.

Falling stocks overwhelmed rising ones

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.

Scotia stars again

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.

Broilers dominates Monday’s trading

Trading activity rose on Monday in the main market of the Jamaica Stock Exchange with 9,375,844 units valued at $169,350,761 changing hands, but one stock, Jamaica Broilers dominated trading, accounting for 7.49 million units and 80 percent of the volume traded.
Three stocks ended trading at record closing prices as demand grows for a selective group of companies.
At the close of the market the volume of stocks changing hands and their last traded price are: Barita Investments with gains of $2.15 and closing trading $10.25 with 45,000 units changing hands, Berger Paints closed 90 cents higher to $11.50 with 2,600 shares, Cable and Wireless gained 3 cents in closing at $1.08 with 142,022 shares, Caribbean Cement ending with a loss of 50 cents, to $26.50 with 499,169 units. Carreras closed at $107.55, losing 45 cents with 18,336 stock units, Grace Kennedy with a loss of 80 cents, closed at $41.20 with 9,576 shares. Jamaica Broilers traded $1.10 lower to $17.85 with 7,492,431 shares, Jamaica Producers gained 5 cents to close at $15.10 with 2,190 shares, JMMB Group lost 9 cents to close at $21.40 with 20,818 shares. Kingston Wharves closed at $30.79 with 2,955 shares, Mayberry Investments with gains of 16 cents, closed at $4.46 with 5,470 shares, NCB Financial Group fell 50 cents to close at $89.50 with 6,379 shares, 1834 Investments closed at $1.34 with 27,300 shares. Portland JSX exchanged 2,000 shares at $9.25, Pulse Investments lost 4 cents, closing at $1.95 with 195,848 shares, Radio Jamaica closed at $1.23, adding 1 cent with 36,482 stock units changing hands, Sagicor Group closed $1.25 lower to $32.85 trading 8,070 shares, Sagicor Real Estate Fund ended at $10.99, after losing 97 cents with 10,000 shares trading, Salada Foods closed at $8.50 with 200,000 shares, Scotia Group jumped $2, to a record close of $52 with 93,121 shares traded, Sterling Investments gained 10 cents, closing at $12.85 with 100 units, Supreme Ventures closed at $12.90 with 505,077 shares. Margaritaville Turks US ordinary share closed at 30 US cents with 2,904 units, Proven Investments US ordinary shares closed at 24 US cents with 2,298 units, recently listed Productive Business Solutions US ordinary share closed at a record high of 72 US cents, gaining US12 cents with 500 units, JMMB Group 7.5% preference share ended at $1.16 with 50,000 units and Productive Business Solutions 9.75% cumulative redeemable share closed with a gain of $5 at a record high of $105 with 900 shares.

2 new entrants to TOP 10

“The biggest change to stocks this coming week may well be guided by the recent cut in interest rates, with Treasury bill rates falling and Bank of Jamaica cutting its overnight rate by 25 basis points.” That was part of last week’s opening statement for the TOP 10 stocks report by IC Insider.com.
During the week main market stocks surged to record levels on 3 days with Friday closing with the third highest daily gain in the market’s history. The main market sits just below the critical 290,000 point mark and seems headed to break through that level, based on the shortage of supply for Scotia Group shares on Friday with a closing bid of $52. The cut in BOJ’s bench mark rate would translate to the all Jamaica Composite Index climbing to 298,000 points.
At the close of last week, there were no changes to the TOP 10 Junior list but two new companies swapped places in the main market with Barita Investments returning, as investors cooled on the stock following a run up in the price following news out of the company that the directors were considering a bid to acquire majority shares. Based on the third quarter results showing unrealized investment gains more than doubling the level at the end of September last year to $1.1 billion at June, the company should see major gains going forward in this area, with falling interest rates and rising stock prices. Salada Foods fell in price to $8.50 and along with Barita pushed out Sagicor Group and Pan Jam Investment, both of which rose in price during the week.
The average PE ratio for the Junior Market Top stocks is at 7.3 and the PE for the main market TOP 10, ends the week at 6.9. The average PE for the overall main market trades at 13.4 and 13.3 for Junior Market, based on 2017 estimated earnings.
At the close of the week, IC Insider.com’s TOP 10 stocks now trade at an average discount of 45 percent to the average of the market for Junior Market Top stocks and it remains at 48 percent for the main market.

Finance companies blast JSE indices

Sagiocr Group was one of the big contributors to the JSE rise on Friday with a rise of $2.30.

The main market of the Jamaica Stock Exchange started trading for September in a very bullish mode and closed the day with a huge jump in the market indices, thanks to 2 to 1 advance decline ratio, but more so by movements in the three large capitalisation stocks, NCB Financial, Sagicor Group and Scotia Group.
The All Jamaica Composite Index surged 8,689.74 points, at the close of trading the third highest in the markets history and the JSE Market Index climbed 7,917.33 points. The market sits just under a major resistance level at 290,000 points on the All Jamaica Composite Index, a meaningful break out this coming week could open the market up for a huge rally for the balance of the year.
At the close of market activity, the volume of stocks changing hands and their last traded price are Barita Investments with gains of 5 cents to end at $8.10 with 9,501 shares, Berger Paints closed $2.50 lower to $10.60 with 30,378 shares as investors responded negatively to the buyout offer for the minority shareholdings while ignoring the fundamentals of the company. Cable and Wireless gained 5 cents, closing at $1.05 with 18,094 shares, Caribbean Cement traded 40,150 shares at $27, Carreras closed at $108 with 30,352 stock units, Ciboney exchanged just 200 shares at 17 cents, Grace Kennedy added 2 cents to close at $42 with 14,115 shares. Jamaica Broilers lost 5 cents and closed at $18.95 with 26,278 shares, Jamaica Stock Exchange closed at $6.35, rising of 50 cents in trading 850 shares,JMMB Group gained 49 cents to close at $21.49 with 11,653 units. Kingston Properties closed at $7.50, rising 30 cents with 742 stock units, Kingston Wharves traded 6 cents lower to $30.79 with 1,503 shares, Mayberry Investments lost 20 cents, closing at $4.30 with 199,098 stock units, NCB Financial Group climbed $1.01 to close at $90 with 42,492 shares, 1834 Investments ended with a gain of 4 cents, closed at $1.34, with 31,474 shares and 138 Student Living lost 70 cents to close at $4.75 with 100 stock units. Radio Jamaica closed at $1.22 with 25,927 units changing hands, Sagicor Group jumped $2.30 to $34.10 trading 331,028 shares, Sagicor Real Estate Fund ended at $11.96, after falling 9 cents with 17,729 shares, Salada Foods gained 50 cents, closing at $8.50 with 100,000 shares, Scotia Group closed at $50 with 255,822 shares, after trading earlier at $52. The market closed with no stock being offered for sale ahead of the third quarter results due in the coming week. Seprod traded 4,000 shares at $33, Supreme Ventures closed at a record $12.90, gaining 90 cents with 81,771 units. Newly listed Productive Business Solutions US ordinary shares rose 5 cents and closed at a record 60 US cents while trading just 100 units, Proven Investments US ordinary share closed at 24 US cents with 14,100 units, Jamaica Money Market Brokers 7.5% preference share traded 45,100 units at $2 and JMMB Group 7.5% preference share gained 1 cent to close at $1.16 with 34,643 units.

Major end of month JSE moves

Supreme Ventures closed at record high of $12 on Thursday.


In an active day of market activities, 29 securities traded with Scotia Group hitting a record high of $50 ahead of the third quarter results due for release within a week and Supreme Ventures (SVL) closed at a high of $12 on the Jamaica Stock Exchange
Investors continue to respond positively to SVL half year results that rose 41 percent but Sterling Investments dropped to a 52 weeks’ low of $12.75.
Elsewhere in the main market overvalued Jamaica Producers traded 1,082,752 shares to close at $15.99 after adding 5 cents and 138 Student Living gained 30 cents to close at $5.45 with 1,589,048 shares. Productive Business Solutions that went to the public to raise fresh capital had the US dollar ordinary shares and the preference shares were listed at the start of the day but there was no trading in them.

PBS shares were listed on Thursday.

At the close of the market, the volume of securities trading and their last traded price are, Barita Investments with a loss of 95 cents, closed at $8.05 with 20,000 shares, with investors interest wanes pending the announcement of the offer to acquire to acquire majority shares. Berger Paints closed $2.70 lower to $13.10 with 99,115 shares, after the new majority owner released an underwhelming of $10.88 before trading cost, to acquire the minority shares. Cable and Wireless closed at $1 with 415,972 shares, Caribbean Cement traded $2 lower to $27 with 33,000 shares, Carreras shed 50 cents to $108 with 50,214 shares, Grace Kennedy added 48 cents to close at $41.98 with 21,669 shares. Jamaica Broilers gained 80 cents, to end at $19 with 132,533 shares, Jamaica Stock Exchange dipped 50 cents to $5.85, with 16,413 shares, JMMB Group rose 5 cents and closed at $21 with 64,023 shares. Kingston Properties closed at $7.20, in losing 30 cents with 12,000 shares,Kingston Wharves traded $1.15 lower to $30.85 with 16,437 stock units, Mayberry Investments lost 10 cents, in closing at $4.50 with 121,180 shares, NCB Financial Group climbed $1.44 to close at $88.99 with 215,240 shares, 1834 Investments exchanged 1,200 shares at $1.30, PanJam Investment ended with a loss of $2.49 at $32.01 with 44,860 shares. Pulse Investments gained 4 cents, closing at $1.99 with 4,826 shares, Radio Jamaica closed at $1.22 with 1,000 shares, Sagicor Group closed at $31.80 with gains of 20 cents trading 44,472 units, Sagicor Real Estate fund ended at $12.05, after gaining 5 cents with 500 shares, Salada Foods dropped $2 to $8 with 100,000 shares, Scotia Group advanced $3 to $50 with 75,994 shares, Scotia Investments eased 1 cent to $35.50 with 200 shares, Seprod traded 2,500 shares at $33, Sterling Investments declined $1.25 to $12.75 with 2,000 shares, Supreme Ventures closed at $12, gaining $1.01 with 114,906 shares. Margaritaville Turks US ordinary shares closed at 30 US cents with 1,000 units, Proven Investments US ordinary shares closed at 24 US cents with 51,749 units, Jamaica Money Market Brokers 7.5% preference share with gains of 15 cents, closed at $2 with 745,140 units and Proven 8.25% cumulative redeemable preference share gained 40 cents to close at $5.50 with 21,000 units.