Record & more record for JSE on Monday

July 31, 2017 by

The JSE main market has broken through resistance at 265,000 on the AJI but new resistance is not far away – see black line in upper right.

It was another record close for the Jamaica Stock Exchange main market index, which was joined by the All Jamaican Composite index surpassing the previous high reached in mid-May. At the All Jamaica Composite Index climbed 1,531.90 points to close at 266,708.84, the JSE Market Index surged 1,395.73 points to 243,001.95 for a third consecutive days of record close.
The JSE US dollar market index lost 4.65 points to close at 183.77 with 1 stock trading in the US dollar market. The market closed out July with gains of more than 26 percent for the year to date.
At the close of trading, 24 securities changed hands in the main market leading to 14 stocks advancing and 8 declining. The main market ended with 24,165,397 units valued at $225,427,641 changing hands compared to 2,406,199 units valued at $41,645,948 at the close on Friday. Trading in the US dollar market accounted for 323,789 units valued at US$75,331 bringing the total of all trades to J$235,070,022.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 10 stocks with bids higher than their last selling prices and just 1 with a lower offer.
The main market ended trading with an average of 1,006,892 units valued at $9,392,818 for each security traded compared to an average of 96,248 units valued at $1,665,838. The average volume and value for the month to date ended at 160,668 units with an average value of $2,691,438 compared with an average of 118,357 units with an average value of $2,356,369 on the previous trading day.

138 Student Living had the largest volume trading on Monday with 15M units.

The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints traded 70 cents higher, closing at $18.70 exchanging 21,998 shares, Caribbean Cement closed at $31.20, with a loss of 30 cents trading 509,604 shares, only 376 units of Carreras were traded but the shares of the sellers of cigarettes closed at $92.50, with an increase of $1.30. Lumbering conglomerate Grace Kennedy, gained 75 cents to close at $41.75, with an exchange of 67,541 shares. Chicken processors Jamaica Broilers close down 49 cents to $19.01 while trading 214,505 shares, Jamaica Producers food processors and wharf operators, gained 94 cents and closed at $15.92 with 36,928 shares traded. Jamaica Stock Exchange gained 39 cents exchanging 32,036 shares to end at $6.39, JMMB Group traded $1.30 higher to $20.95, with 97,100 shares traded, Kingston Properties closed at $8 exchanging 2,200 shares, Kingston Wharves closed lower by $1.91 to $27.10, with 1,118 units switching owners. Mayberry Investments lost 2 cents to close at $4.60 trading 3,333 shares, NCB Financial Group traded $1 higher to a record close of $81, after exchanging 324,498 shares, 138 Student Living closed at $5.01, gaining 1 cent with 15,003,952 units having traded, PanJam Investment closed at $34 trading 111,124 shares, Pulse Investments gained 14 cents to close at $2.45, with an exchange of 7,425 shares, Radio Jamaica lost 4 cents, closing at $1.41 with 1,500 shares exchanged. Sagicor Group jumped $2.50 to $33.50, with 321,349 shares changing hands, Sagicor Real Estate Fund traded $1.22 higher to $12.02, closing trading with 6,527,000 shares, Salada Foods gained 33 cents to close at $9.33, with 20,000 shares changing owners, Scotia Group closed at $44.98, gaining 18 cents with trades of 35,300 shares, Seprod closed at $30.01, with a gain of 1 cent exchanging just 100 units, Supreme Ventures lost 19 cents to close at $7.80 with 805,910 shares exchanged. Proven Investments US ordinary shares closed at 22 US cents, losing 2 US cents in trading 323,789 units, JMMB Group 7.50% preference share closed at $1.17, with a loss of 2 cents exchanging 500 units and Jamaica Money Market Brokers 7.5% preference share lost 9 cents to close at $1.90 trading 20,000 units.

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NCB & Express Catering drop out

July 31, 2017 by

NCB Financial Group jumped to $80 on Friday & exited the top 10.

Shares of Express Catering were in strong demand during the week, with price closing at $5.20 for gains of 247 percent from the initial public issue price of $1.50. At the close of the week the stock was out of the TOP 10 and so was NCB Financial Group with the price climbing to a record $80, at the close on Friday. 
Stationery and Office Supplies (SOS) will not start trading until August 9, when it is expected to surge in price based on the heavy over subscription of 3.5 times oversubscribed with more than 1,200 applications.
Trading in the past week returned to a bullish mood, with the Jamaica Stock Exchange main market index hitting new highs on Thursday and Friday. The trend is expected to continue this coming week as investors react to some new results.
Caribbean Flavours and CAC 2000 that fell out of the top listing at the end of the prior week return this week with the exit of Express Catering , Lasco Financial that rose to $3.80 and Caribbean Cream that returned to $7.
The only movement in and out of the TOP 10 in the main market were Salada Foods coming in as NCB dropped out with gains in the price in the past week.
The average PE ratio for the Junior Market Top stocks is down at 7 with SOS in at a PE of 5 times 2017 earnings. The PE for the main market TOP 10, holds at 7.3. The average PE for the overall main market, remains at 13 and 12 for Junior Market, based on 2017 estimated earnings.
At the close of the week, IC Insider.com’s TOP 10 Junior Market stocks now trade at an average discount of 42 percent to the Junior Market average, while those in the main market are trading at a 44 percent discount, to the average of the market, leaving stocks with room for growth in the months ahead.
NCB Financial and Express Catering the two stocks IC Insider.com listed as our market watch make gains during the past week. NCB has clearly broken out from a triangle of consolidation and seems to be heading higher. Express Catering could possibly rise higher but appears to be fully valued at a PE of 20 currently.

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

JSE index at new record close Friday

July 28, 2017 by

NCB stock traded at a high of $81 on Friday, helping to fuel another record clsoe for the main market.

The Jamaica Stock Exchange Market Index climbed another 655.78 points on Friday to another record close of 241,606.22, the second consecutive day of record close.
The All Jamaica Composite Index closed within 212 points of the record close of May 17, this year, with the index advancing 719.76 points to close at 265,176.94.  The JSE US dollar market index closed at 188.42 with 1 security trading in the US dollar market.
At the close of trading, 25 securities changed hands in the main market leading to 15 stocks advancing including two new highs and 9 declining. The main market ended with 2,406,199 units valued at $41,645,948 changing hands compared to 4,006,769 units valued at $51,512,263 at the close on Wednesday. Trading in the US dollar market accounted for 9,113 units valued at US$9,113 bringing the total of all trades to just J$41,925,899.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 6 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 96,248 units valued at 1,665,838 for each security traded compared to an average of 166,949 units valued at $2,146,344. The average volume and value for the month to date ended at 118,357 units with an average value of $2,356,369 compared with an average of 119,521 units with an average value of $2,389,059 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints gained $1 at the end of trading to close at $18 with 36,598 shares changing hands, Cable and Wireless added 3 cents to close at $1.05, with 254,868 stock units switching owners, Caribbean Cement traded $1.50 higher to close at $31.50 exchanging 26,431 shares, Carreras closed at $91.20 with a loss of 41 cents trading 10,417 units, Grace Kennedy closed at $41, after losing 95 cents in exchanging 26,799 shares. Jamaica Broilers closed at $19.50, gaining 50 cents with trades of 51,000 shares, Jamaica Producers gained 1 cent, closing at $14.98 with 29,677 shares traded. Jamaica Stock Exchange lost 30 cents to close at $6 exchanging 34,820 shares, JMMB Group was down 35 cents, closing at $19.65, with trades of 774,521 shares, Kingston Properties closed at $8 with gains of 80 cents trading 2,394 shares, Kingston Wharves closed 99 cents lower to $29.01, with 1,786 units switching owners. Mayberry Investments added 1 cent to close at $4.62 trading 51,333 shares, NCB Financial Group traded $3 higher to a record close of $80, after exchanging 120,834 shares, 138 Student Living closed at $5, gaining 45 cents, trading 948 units, PanJam Investment climbed $1, closing at $34 in trading 31,062 shares, Portland JSX lost 50 cents, closing at $9.50 while exchanging 81,517 shares, Pulse Investments traded 18 cents lower to $2.31, with an exchange of 404,166 shares, Radio Jamaica gained 15 cents to close at $1.45 with 17,772 shares exchanged. Sagicor Group lost 50 cents, with 13,171 shares traded, to close at $31, Sagicor Real Estate Fund gained 30 cents, closing at $10.80 and trading 202,621 shares, Scotia Group closed at $44.80, after losing 19 cents with 103,886 shares traded, Supreme Ventures gained 31 cents to close at $7.99 with 126,504 shares exchanged. Proven Investments US ordinary shares closed at 24 US cents trading 9,113 units, JMMB Group 7.25% preference share closed at a record $1.60, with gains of 5 cents exchanging 248 units, JPS 7% preference share traded 1,326 units at 45 cents and JMMB 7.5% preference share gained 14 cents to close at $1.99 trading 1,500 units.

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JSE surged to record close on Thursday

July 27, 2017 by

NCBFG closed at a record of $77 and helped push the old market index to a new record on Thursday.

Big movement in some Jamaica Stock Exchange prices on Thursday saw the JSE Market Index jumping 3,189.90 points to surprisingly end at an all-time record high of 240,950.44, bettering the previous record of 240,759.97 at the close of May 17 this year.
The All Jamaica Composite Index surged 3,501.11 points to 264,457.18, closing within 1,000 points of the all-time record close reached in May this year. The JSE US dollar market index fell 1.47 points to close at 188.42 with 2 trading in the US dollar market.
At the close of trading, 24 securities changed hands in the main market, leading to 12 stocks advancing and 7 declining. The main market ended with 4,006,769 units valued at $51,512,263 changing hands compared to 2,974,171 units valued at $46,072,557 at the close on Wednesday. Trading in the US dollar market accounted for 38,672 units valued at US$14,600 bringing the total of all trades to J$70,317,063.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 4 stocks with bids higher than their last selling prices, while there was none closing with lower offers.
The main market ended trading with an average of 166,949 units valued at $2,146,344 for each security traded compared to an average of 123,924 units valued at $1,919,690. The average volume and value for the month to date ended at 119,521 units with an average value of $2,389,059 compared with an average of 116,886 units with an average value of $2,402,544 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints traded $1 higher to close at $17 in exchanging 34,353 shares, Cable and Wireless closed at $1.02, with 99,771 stock units switching owners, Caribbean Cement traded $2.25 higher to close at $30 trading 144,675 shares, Carreras gained 6 cents, to close at $91.61 in trading 25,614 units, Grace Kennedy closed at $41.95, with a loss of 4 cents exchanging 2,711 shares. Jamaica Broilers closed at $19, gaining 50 cents and trading 480 units, Jamaica Producers gained 37 cents, closing at $14.97 with 2,011 shares traded. Jamaica Stock Exchange lost 13 cents to close at $6.30 exchanging 2,449 shares, JMMB Group added 50 cents, closing at $20, with trades of 614,326 shares, Kingston Properties traded 474 units at $7.20, Kingston Wharves closed $2.50 higher to $30, with 200 units switching owners. Mayberry Investments closed at $4.61, with a gain of 6 cents trading 368,918 shares, NCB Financial Group traded $1.79 higher to a record close of $77, after exchanging 17,804 shares, 1834 Investments closed at $1.50, rising 10 cents with 11,205 shares traded, PanJam Investment gained $2 to $33 trading 24,727 shares, Portland JSX closed at $10 exchanging 3,700 shares, Radio Jamaica traded 6,898 shares at $1.30. Sagicor Group lost 50 cents, with an exchange of 30,292 shares, to close at $31.50, Sagicor Real Estate Fund declined 14 cents, closing at $10.50 while trading 2,472,421 shares, Scotia Group closed at $44.99, with trades of 1,000 shares, Scotia Investments traded $1.49 lower to close at $35.50, with an exchange of 1,260 shares, Seprod added 5 cents, closing at $30 with 580 units traded,Supreme Ventures lost 32 cents to close at $7.68 with 97,400 shares exchanged. Proven Investments US ordinary shares closed at 24 US cents trading 32,628 units, JMMB Group US 6% preference share closed at US$1.12 exchanging 6,044 units and JMMB Group 7.5% preference share gained 8 cents to close at $1.19 trading 43,500 units.

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Big jump in JSE indices on Wednesday

July 26, 2017 by

The main market of the Jamaica Stock Exchange indices rose sharply at the close on Wednesday with the All Jamaica Composite Index advanced 3,380.75 points to close at 260,956.07, the JSE Market Index rose 3,080.24 points to 237,760.54 and the JSE US dollar market index gained 0.89 points to close at 189.89.
At the close of trading, 24 securities changed hands in the main market with 1 trading in the US dollar market, leading to 14 stocks advancing and 4 declining. The main market ended with 2,974,171 units valued at $46,072,557 changing hands compared to 2,850,716 units valued at $31,654,846 at the close on Tuesday. Trading in the US dollar market accounted for 123,899 units valued at US$30,025 bringing the total of all trades to J$49,915,700.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 4 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 123,924 units valued at $1,919,690 for each security traded compared to an average of 105,582 units valued at $1,172,402. The average volume and value for the month to date ended at 116,886 units with an average value of $2,509,606 compared with an average of 116,472 units with an average value of $2,430,947 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints gained 32 cents to close at $16 trading 10,359 shares, Cable and Wireless closed at $1.02, gaining 12 cents with 602,580 stock units swapping owners, Caribbean Cement traded $2.95 higher to close at $27.75 exchanging 723,700 shares after the company reported improved second quarter resilts, Carreras slid to $91.55, with a loss of $18.45 trading 2,525 units as this stock is now suffering from limited supply and with wholesale buying not at the higher level, Grace Kennedy closed at $41.99, with gains of 99 cents exchanging 78,085 shares. Jamaica Broilers closed at $18.50 by gaining 49 cents, with 111,591 shares trading, Jamaica Producers gained 10 cents, closing at $14.60 with 28,049 shares traded. Jamaica Stock Exchange lost 6 cents to close at $6.43 exchanging 4,032 shares, JMMB Group gained 50 cents, closing at $19.50, with 10,219 shares changing hands, Kingston Wharves traded $2.50 higher to $32.50, with 150,382 shares switching owners. Mayberry Investments closed at $4.55, with an exchange of 130,000 shares, NCB Financial Group traded $1.16 higher to $75.21, after exchanging 37,026 shares, 1834 Investments closed at $1.40 with trades of 11,205 shares, PanJam Investment closed with a loss of $2 to $31 trading 2,673 units, Proven Investments closed at $24.71 with 250,000 shares traded, Pulse Investments gained 17 cents to close at $2.49 with 34,547 shares changing owners, Radio Jamaica closed at $1.30, with gains of 5 cents trading 15,036 shares. Sagicor Group gained 50 cents, with an exchange of 26,433 shares, to close at $32, Sagicor Real Estate Fund declined 56 cents, closing at $10.64 exchanging 393,442 shares, Scotia Group gained $1.48 to close at $44.99, with trades of 2,270 shares, Seprod closed at $29.95, with gains of 20 cents exchanging 1,940 shares, Supreme Ventures traded 6,900 shares at $8, having gained 20 cents. Proven Investments US ordinary shares closed at 24 US cents trading 123,899 units, JMMB 7.5% preference share closed at $1.85, losing 15 cents exchanging 304,177 units and JMMB Group 7.5% preference share traded 37,000 units at $1.11.

 

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Carreras jumps $20 to $110 record high

July 25, 2017 by

Carreras climbed to a 52 weeks’ high of $110 on Tuesdaay.

In modest trading on main market of the Jamaica Stock Exchange ended with more stock declining than advancing but with a big jump in the price of Carreras by nearly $20 helping to drive the indices up at the close on Tuesday. At the close, 27 securities traded in the main market with 2 trading in the US dollar market, leading to 8 stocks advancing and 15 declining.
The All Jamaica Composite Index advanced 919.07 points to close at 257,575.32, the JSE Market Index gained 837.37 points to 234,680.30 and the JSE US dollar market index declined 12.17 points to close at 189.00.
The main market ended with 2,850,716 units valued at $31,654,846 changing hands compared to 1,923,682 units valued at $19,764,112 at the close on Monday. Trading in the US dollar market accounted for 282,881 units valued at US$87,908 bringing the total of all trades to J$42,907,126.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 2 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 105,582 units valued at $1,172,402 for each security traded compared to an average of 96,184 units valued at $988,206. The average volume and value for the month to date ended at 116,472 units with an average value of $2,430,947 compared with an average of 117,153 units with an average value of $2,509,606 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Barita Investments traded 35 cents lower to close at $6.65 with 150 units changing hands, Berger Paints closed at $15.68 trading 8,710 shares, Cable and Wireless lost 4 cents, closing at 90 cents with 937,467 stock units switching owners, Caribbean Cement closed at $24.80, losing 90 cents exchanging 49,814 shares, Carreras skyrocketed to a new high of $110, with gains of $19.75 while trading 4,920 units, Grace Kennedy closed at $41, with a loss of 50 cents exchanging 29,034 shares. Jamaica Broilers closed at $18.01, with a loss of 49 cents while trading 256,628 shares, Jamaica Producers gained 35 cents, closing at $14.50 with 36,616 shares traded. Jamaica Stock Exchange closed at $6.49 exchanging 29,850 shares, JMMB Group lost 20 cents to close at $19, with trades of 38,014 shares, Kingston Properties gained 5 cents to close at $7.20 exchanging 3,282 shares, Kingston Wharves traded $1 higher to $30, with 250 units switching owners. Mayberry Investments closed at $4.55, with an exchange of 31,000 shares, NCB Financial Group traded 87 cents lower to $74.05, after exchanging 29,557 shares, PanJam Investment closed with gains of $1 to $33, trading 8,427 units, Portland JSX exchanged 300 units at $10, Proven Investments gained 4 cents, closing at $24.71 with 261,700 shares traded, Pulse Investments fell by 17 cents to $2.32 with 54,907 shares changing owners, Radio Jamaica lost 5 cents to close at $1.25, trading 179,023 shares. Sagicor Group dropped 49 cents, with an exchange of 89,872 shares, to close at $31.50. Scotia Group lost 49 cents, closing at $43.51 with 86,085 shares trading, Scotia Investments closed with gains of 89 cents to $36.99 trading 18,000 units, Seprod lost 20 cents, closing at $29.75 trading 1,490 shares, Sterling Investments closed at $14, with a loss of 5 cents trading 570 units, Supreme Ventures traded 592,150 shares at $7.80. Proven Investments US ordinary shares lost 0.02 US cents to close at 24 US cents trading 260,398 units, Jamaica Money Market Brokers 7.5% preference share closed at $2, losing 10 cents exchanging 100,000 units and JMMB Group US 6% preference share traded 22,483 units at US$1.12.

 

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

JSE rebound continues on Monday

July 24, 2017 by

Jamaica Stock Exchange indices rose again on Monday.

The main market stocks of the Jamaica Stock Exchange enjoyed a day of more rising prices than those declining which helped to lift the market indices higher than at the close on Friday. Trading was light with just $20 million trading taking place.
The All Jamaica Composite Index gained 624.71 points to 256,656.25, the JSE Market Index gained 569.18 points to 233,842.93 and the JSE US dollar market index advanced 12.74 points to 201.17.
At the close of trading, 20 securities changed hands in the main market with 2 trading in the US dollar market, leading to 12 stocks advancing and 5 declining. The main market ended with 1,923,682 units valued at only $19,764,112 changing hands compared to 1,934,322 units valued at $34,659,775 at the close on Friday. Trading in the US dollar market accounted for 7,001 units valued at US$2,227 bringing the total of all trades to J$20,049,173.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 6 stocks with bids higher than their last selling prices and 1 with a lower offer.
The main market ended trading with an average of 96,184 units valued at $988,206 for each security traded compared to an average of 84,101 units valued at $1,506,947. The average volume and value for the month to date ended at 117,153 units with an average value of $2,509,606 compared with an average of 118,550 units with an average value of $2,611,033 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints traded 68 cents higher to close at $15.68, with an exchange of 3,390 shares, Cable and Wireless closed at 94 cents with 482,520 stock units traded, Caribbean Cement closed at $25.70, after losing 5 cents trading 8,699 shares, Carreras traded $2.25 higher to close at $90.25, with 3,615 units changing hands, Grace Kennedy closed at $41.50, with a loss of 49 cents exchanging 130,586 shares. Jamaica Broilers closed at $18.50, trading 19,716 shares and rising 50 cents, Jamaica Producers gained 15 cents, closing at $14.15 with 10,186 shares traded. Jamaica Stock Exchange closed 49 cents higher at $6.49 while exchanging 16,751 shares, JMMB Group traded 2,140 shares at $19.20. Mayberry Investments gained 3 cents to close at $4.55, with an exchange of 1,000 units, NCB Financial Group retreated 8 cents to $74.92, after exchanging 18,129 shares, PanJam Investment lost 50 cents and closed at $32, with 2,259 units changing owners, Portland JSX traded 4,957 shares at $10, Pulse Investments closed at $2.49, with 2,700 shares trading, Radio Jamaica closed 10 cents lower to $1.30 trading 110,851 shares. Sagicor Group gained 24 cents, with an exchange of 28,063 shares, to close at $31.99. Scotia Group traded $3 higher to $44 with 49,135 shares changing hands, Scotia Investments closed with gains of 10 cents to $36.10 trading 1,200 units, Seprod gained 20 cents, closing at $29.95 while exchanging 2,000 shares, Supreme Ventures closed at $7.80, gaining 30 cents with 1,025,785 shares being exchanged. Proven Investments US ordinary shares gained 0.02 US cents to close at 26 US cents trading 6,528 units and JMMB Group US 6% preference share exchanged 473 units at US$1.12.

 

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

Express Catering enters TOP 10

July 24, 2017 by

Ian Dear, Managing Director of Express Catering

Trading started in Express Catering shares on Friday on the Junior Market, with the stock enjoying strong demand up to the $3 level. New information obtained this past week from the prospectus resulted in the earnings for this company being upgraded and it is included in the TOP stocks.
Importantly for Express Catering, the prospectus states that effective at the end on of May, the contract that gave rise to the payment of management fees was cancelled. The amount, the equivalent to 9 percent of revenues or roughly US$1.4 million will no longer be paid and should go towards boosting the bottom-line, and should result in the earnings per share around J$0.26 cents for 2018 fiscal year. The change means it is now a part of the TOP 10 Junior Market stocks. With the strong demand for the stock, it should spend just a short time in the list. The same out turn seems likely for Stationery and Office Supplies (SOS) once it starts to trade, with the IPO being nearly 4 times oversubscribed with more than 1,000 applications received for the 52 million shares.
With the initial public offers now out of the way, trading in the secondary markets saw more energy in the past week than for the previous two, with some stocks that were weak before, finding buying at the lower prices.
ISP Finance price rose to $14 after falling to $11 during the past week, but big declines in the prices of AMG Packaging and Caribbean Cream pushed out ISP as well Caribbean Flavours and CAC 2000 out of the top listing.
The only movement in and out of the TOP 10 in the main market were Sagicor Group that spent just one week a short while ago, coming back, as Cable & Wireless dropped out with a big gain in the price in the past week of 17.5 percent.
The average PE ratio for the Junior Market Top stocks is down at 6.6 with SOS in at a PE of 5 times 2017 earnings. The PE for the main market TOP 10, holds at 6.7. The average PE for the overall main market, remains at 13 and 12 for Junior Market, based on 2017 estimated earnings.
At the close of the week, IC Insider.com’s TOP 10 Junior Market stocks now trade at an average discount of 45 percent to the Junior Market average, while those in the main market are trading at a 49 percent discount, to the average of the market, leaving stocks with room for growth in the months ahead.
Last week IC Insider indicated that two stocks to watch were Cable & Wireless with the price around support level and NCB Financial with very limited number of stocks currently being offered. Both stocks bounced with the former rising over 17 percent to 94 cents and NCB rising to $75 from $71.50. Active supply for NCB is very low currently and technical chart suggests a big break out for it very soon. NCB is to be watched for a possible break towards $80 and Express Catering to well over $3.

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

12 JSE stocks rise 11 fall on Thursday

July 21, 2017 by

Proven Investments traded the most shares on Thursday.

Trading resulted in 26 securities changing hands in the main market and 1 trading in the US dollar market, leading to 12 stocks advancing and 11 declining in both markets, as some amount of negative sentiment still hangs over the market.
The All Jamaica Composite Index declined 75.90 points to close at 254,150.95, the JSE Market Index declined 69.15 points to 231,560.32 and the JSE US dollar market index lost 0.32 points to close at 188.11.
The main market ended with 1,519,865 units valued at $35,445,679 changing hands compared to 1,667,980 units valued at $40,302,237 at the close on Wednesday. Trading in the US dollar market accounted for 930,313 units valued at US$222,773 bringing the total of all trades to J$63,960,659.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 6 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 58,456 units valued at $1,363,295 for each security traded compared to an average of 69,499 units valued at $1,679,260. The average volume and value for the month to date ended at 121,011 units with an average value of $2,689,896 compared with an average of 125,823 units at an average value of $2,791,942 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints advanced $1.50 to close at $16 trading 600 shares, Cable and Wireless lost 4 cents, closing at 90 cents with 49,774 stock units being swapped, Caribbean Cement closed at $25,after gaining 30 cents with an exchange of 5,582 shares, Carreras traded $1.25 higher to close at $90.25, with 2,228 units changing hands, Grace Kennedy jumped $1 to close at $42, with 240,148 shares trading. Jamaica Broilers closed at $17.50, losing 50 cents in exchanging 229,322 shares, Jamaica Producers dropped 98 cents to $14 with 3,000 shares changing hands. Jamaica Stock Exchange added 39 cents to close at $6.49, trading 96,582 shares, JMMB Group exchanged 76,932 shares at $19, Kingston Properties was down 85 cents to $7.15, trading 1,400 units, Kingston Wharves gained 60 cents to close at $31 while exchanging 1,761 units. NCB Financial Group lost 49 cents to close at $72.01, after exchanging 18,521 shares, PanJam Investment closed at $30.45, after falling $2.75 with 59,375 shares trading, Proven Investments exchanged 300,000 shares at $24.65, Pulse Investments closed at $2.25, gaining 25 cents with 6,500 shares changing owners, Radio Jamaica added 2 cents, to close at $1.40, trading of 117,619 shares, Sagicor Group exchanged 35,756 shares at $32.41, having gained 91 cents, Sagicor Real Estate Fund closed at $11.90, with a loss of 10 cents and 149 units switching owners. Salada Foods traded $1 lower to $9 while exchanging 400 units, Scotia Group gained 50 cents and closed at $42 with trades of 78,658 shares, Scotia Investments lost 40 cents to close at $36 trading 76,543 units, Seprod jumped $3.43 to $29.95 trading 6,350 shares, Supreme Ventures lost 20 cents to $7.70, with 56,978 shares trading. Proven Investments US ordinary shares lost 0.01 US cent to close at 23 US cents in exchanging 930,313 units, Proven Investments 8.25% preference share closed at $5, with 11,640 units traded, Jamaica Money Market Brokers 7.5% preference share was up 5 cents to close at $2.05, with 40,000 units changing hands and JMMB Group 7.5% preference share traded 4,047 units at $1.11.

 

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Big drop in main market index – Wednesday

July 19, 2017 by

Jamaica Stock Exchange faulty indices movement.

Trading levels remained low on the main market of the Jamaica Stock Exchange on Thursday, with just $40 million worth of stocks changing hands. At the close of trading, 24 securities changed hands in the main market with 3 trading in the US dollar market, leading to 7 stocks advancing and 6 declining.
The All Jamaica Composite Index declined 1,669.64 points to close at 254,226.85, the JSE Market Index declined 1,521.23 points to 231,629.47 and the JSE US dollar market index jumped 11.41 points to close at 188.43.
The main market ended with 1,667,980 units valued at $ 40,302,237 changing hands compared to 5,694,099 units valued at $160,330,278 at the close on Tuesday. Trading in the US dollar market accounted for 2,760,256 units valued at US$1,001,978, bringing the total of all trades to J$168,555,462 .
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 5 stocks with bids higher than their last selling prices and 3 with lower offers.
The main market ended trading with an average of 69,499 units valued at $1,679,260 for each security traded compared to an average of 227,764 units valued at $6,413,211. The average volume and value for the month to date ended at 125,823 units at an average value of $2,791,942 compared with an average of 130,517 units with an average value of $2,884,666 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints gained 50 cents to close at $14.50 while exchanging 7,080 shares, Cable and Wireless closed at 94 cents, with 63,481 stock units swapping owners, Caribbean Cement gained 20 cents to close at $24.70 with an exchange of 5,915 shares, Carreras closed at $89, with 5,704 units changing hands, Grace Kennedy declined 50 cents to close at $41 trading 51,098 shares. Jamaica Broilers closed at $18 exchanging 432,020 shares, Jamaica Producers traded at $14.98 with 6,438 shares changing hands. Jamaica Stock Exchange closed at $6.10, with of 86,353 shares trading, JMMB Group lost 1 cent, closing at $19 while exchanging 56,479 shares, Kingston Properties traded 13,150 units after losing 80 cents to close at $8, Kingston Wharves closed at $30.40, with gains of 10 cents trading 200 units. Mayberry Investments exchanged 72,745 shares at $4.52, NCB Financial Group held firm at $72.50, with 51,061 shares traded, 1834 Investments added 2 cents to close at $1.35, with trades of 77,058 units, PanJam Investment closed at $33.20 with 5,285 shares changing owners, Portland JSX lost 50 cents to close at $10 trading only 450 shares, Pulse Investments closed at $2, losing 35 cents with 5,000 shares changing owners, Radio Jamaica closed at $1.38, with trades of 60,959 shares. Sagicor Group exchanged 24,933 shares at $31.50, Sagicor Real Estate Fund closed at $12, with a loss of 24 cents and 22,021 units trading. Scotia Group exchanged 525,595 shares at $41.50, Scotia Investments gained 40 cents to close at $36.40 trading 353 units, Supreme Venture held firm at $7.90, with trades of 65,108 shares. Margaritaville Turks US ordinary shares closed at 36 US cents, with gains of 0.04 US cents in trading 2,700,000 units, Proven Investments US ordinary shares closed at 24 US cents, gaining 0.01 US cents exchanging 41,430 units and JMMB Group US 6% preference share traded 18,826 units at US$1.12.

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