Sagicor Group — Page 129

New record high for JSE main market – Tuesday

April 30, 2019 by IC Insider.com

The Jamaica Stock Exchange main market closed at a new record high on Tuesday for the second consecutive day and the second time for 2019 and in the process posted gains of 5.8 percent for the year.
At the end of trading when NCB Financial ended at a record close of $165 and Wisynco Group that traded at an all-time high of $13 ended at a new record close of $12.60. The All Jamaican Composite Index surged 5,918.33 points to a record close of 441,176.13 and the JSE Index climbed 5,378.16 points to record close of 401,902.02. Earlier in the day, at 10.21 am, the All Jamaican Composite Index jumped 8,683.84 points to 443,941.64 and the JSE Index surged 7,891.26 points to 404,415.12.
After five months of consolidation, with a slight upward bias, the market finally broke the record high reached on November 29 last year of 433,307.22 on the All Jamaica index and 394,791.89 on the JSE Index on Monday and has gone on the new heights on Tuesday.
The main and US markets had 31 securities traded, compared to 33 on Monday leading to 17 advancing, 3 declining and 11 closing unchanged.
Market activity on the main market ended with 4,368,956 units valued at $113,544,169 changing hands, compared to 4,679,663 units valued $362,626,260 trading on Monday.
Mayberry Jamaica Equities, accounting for 1.1 million shares or 25.4 percent of total main market volume, followed by Mayberry Investments with 882,928 shares, and 20 percent of the day’s trades, Barita Investments closed with 843,926 shares for 19 percent of volume traded and Grace Kennedy with 545,299 stock units and 12.5 percent of main market trades.

NCB Financial traded at a record high of $165.

Market activity ended with an average of 156,034 units valued at over $4,055,149, in contrast to 146,239 shares valued at $11,332,071 on Monday. The average volume and value for the month to date amounts to 157,923 shares at $3,718,919 for each security, compared to 158,599 shares at $3,037,176 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 17 stocks ending with bids higher than their last selling prices and just 2 closing with lower offers.
In main market activity, Barita Investments lost $3 to close at $39.50, with an exchange of 843,926 shares, Grace Kennedy gained $1 to end at $61 with 545,299 shares changing hands, Jamaica Broilers climbed 50 cents in exchanging 74,384 units to end at $34.50, Jamaica Producers gained $1.50 to close at $23, after trading 343,580 stock units. Kingston Properties jumped $1.95 and finished at $8.45, with an exchange of 58,406 stock units, Mayberry Investments rose by $1 and ended trading at $9.50, with 882,928 shares changing hands. Mayberry Equities rose by $1 and ended trading at $11, with 1,109,121 shares trading, NCB Financial Group jumped $21.50 in trading 67,382 shares to close at an all-time record high of $165. Portland JSX gained 60 cents trading 9,087 shares at $8.10, Sagicor Group fell 51 cents to end at $46.99 in an exchange of 33,999 shares and Scotia Group rose $1.49 in trading 23,218 shares to close $51.99.
Trading in the US dollar market ended with 48,320 units valued at $10,612. Margaritaville traded 189 to close at 25 US cents, Proven Investments traded 46,131 shares at 23 US cents and Sygnus Credit Investments traded 2,000 shares at 10 US cents. The JSE USD Equities Index declined by 0.43 points to close at 177.21

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Margaritaville, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

JSE main market at record close – Monday

April 29, 2019 by IC Insider.com

The Jamaica Stock Exchange main market closed at a new record high on Monday, with All Jamaican Composite Index surging 9,373.64 points to 435,257.80 and the JSE Index climbing 8,518.11 points to 396,523.86.
The market is breaking the record high reached on November 29 last year of 433,307.22 on the All Jamaica index and 394,791.89 on the JSE Index. Caribbean Cement sparked added interest in the market, ahead of the close of the month as investors responded to strong first quarter results in buying up 274,801 shares up to $79.50. Also contributing to the strong gains was Sagicor Group that closed at $47.50.
At the close NCB Financial traded 2.12 million shares to close at $143.50, but ended with a closing with a bid of $148, PanJam Investment closed at $83 having a bid at $85. Wisynco Group closed at a record high of $12.50 have just less than 96,000 shares on offer between $12.50 and $16.
At the close, the main and US markets had 33 securities traded, compared to 32 on Friday leading to 15 advancing, 9 declining and 9 closing unchanged.
Market activity on the main market ended with 4,679,663 units valued $362,626,260 changing hands, compared to 4,427,445 units valued at $384,592,987 units trading on Friday.
NCB trades, accounted for just over 45 percent of total main market volume, followed by Jamaica Producers with 343,580 units and 7 percent of the day’s trades and Eppley with 295,409 units for 6 percent of volume traded.
Market activity ended with an average of 146,239 units valued at an average of $11,332,071 for each security traded, in contrast to 147,582 units for an average of $12,819,766 on Friday. The average volume and value for the month to date amounts to 157,923 shares at $3,718,919 for each security, compared to 158,599 shares at $3,037,176 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 11 stocks ending with bids higher than their last selling prices and just 2 closing with lower offers.
In main market activity, Barita Investments rose 50 cents to close at $42.50, with an exchange of 5,945 shares, Caribbean Cement jumped $13.87 to $77.99 with 274,801 shares changing hands, Jamaica Broilers climbed $2 in exchanging 9,818 units to end at $34, Jamaica Producers gained $1.50 to close at $23, after trading 343,580 stock units. Jamaica Stock Exchange gained 49 cents and ended at $17.99, trading 23,006 shares, JMMB Group concluded trading at $33.00, with 24,800 shares, Kingston Wharves climbed $1 and settled at $72, with an exchange of 446 units, NCB Financial Group declined $1.50 to close at $143.50, trading 2,122,314 shares. PanJam Investment climbed $1.50 and ended at $83, with 65,800 units changing hands, Sagicor Group jumped $3.50 to end at $47.50 in an exchange of 51,319 shares. Sagicor Real Estate Fund added 90 cents to end at $10, trading 67,521 shares, Seprod rose $1.35 and closed at $44.80, trading 63,993 shares and Wisynco Group rose 50 cents to end trading of 145,718 shares at a record high of $12.50.
Trading in the US dollar market ended with JMMB Group 6% preference share being the sole active stock and ended exchanging 2,500 shares trading with a value of US$2,600 to close at US$1.04. The JSE USD Equities Index closed unchanged at 177.64.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Cement is primed to watch

April 29, 2019 by IC Insider.com

Caribbean Cement is the clear leader as the stock to watch for this week, with the company posting blowout first quarter profit of $1.13 billion or $1.33 per share up from only $348 million in 2018.
The sharp rise in profit resulted mainly from the removal of lease of equipment cost and cost of imported cement. The result is a tad below what IC Insider.com forecast of $7 per share for 2019would suggest, but is in keeping with that forecast on the basis of expected pick up in sales as the year rolls on.
The head of one of the country’s largest brokerage houses, advised his team about the results. “Please make sure all CCC on the sell side are cancelled before market opens on Monday. All clients must be informed of the results before any sales orders can be placed.” The coded message here is that the stock price will jump sharply in trading on Monday. Keep on watching this one.
Sagicor Group had buying up to $44 on Friday and should continue to attract investors’ interest. NCB Financial Group came out with a fall in profit for the March quarter and is unlikely to see buying coming in to move the price even if they announce the closure of the Guardian acquisition of majority shares. Supreme Ventures released flat March results that may put pressure on the stock price that is selling close to 30 times 2019 earnings.

Wisynco, most attractively priced main market stock.

Continue to keep an eye on Wisynco that closed at $12 on Friday with increased buying interest during the past week as the company continues to expand the volume of products it represents that augurs well for increased profit going forward. The stock remains one of the most appealing main market buys currently. RJR and Seprod remain attractive buys and continue on the watch list along with Barita Investments that seems set to post very strong second quarter results.
The picture for the Junior Market is unclear but with Caribbean Cream full year results to February, are now due and will provide information in directing the stock price. Added to the list are Honey Bun that holds its annual general meeting on Monday that may provide price sensitive information and Stationery and Office Supplies.

Filed Under: Stock Market, Stocks to watch Tagged With: Barita Investments, Emerging markets, Honey Bun, Jamaica Stock Exchange, NCB Financial Group, Sagicor Group, Seprod, Supreme Ventures, Wisynco

JSE major index jumps – Friday

April 26, 2019 by IC Insider.com

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The ongoing see saw trading pattern of the Jamaica Stock Exchange continued on Friday with the market indices making sizable gains after a big falls on Thursday.
At the close, the main and US markets had 32 securities traded, compared to 33 on Thursday leading to 14 advancing, 7 declining and 12 closing unchanged. The market closed with the All Jamaican Composite Index 3,765.48 points to 425,884.16 and the JSE Index advanced by 3,419.95 points to 388,005.75.
Market activity on the main market ended with 4,427,445 units valued $384,592,987 changing hands, compared to 17,912,213 units valued $156,798,185 units trading on Thursday.
MPC Caribbean Clean Energy led trading with 2.69 million shares, accounting for 61 percent of total main market volume, followed by Carreras with 817,258 units and 18.5 percent of the day’s trades and Wisynco Group with 264,825 units for 6 percent of volume traded.
Market activity ended with an average of 147,582 units valued at $12,819,766, in contrast to 597,074 shares valued at $5,226,606 on Thursday. The average volume and value for the month to date amounts to 158,599 shares at $3,037,176 for each security, compared to 159,231 shares at $2,439,461 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 9 stocks ending with bids higher than their last selling prices and just 4 closing with lower offers.
In main market activity, Barita Investments fell 90 cents to close at $42, with an exchange of 5,700 shares, Caribbean Cement rose 61 cents to $64.12 with 17,700 shares changing hands, Jamaica Broilers climbed $2 in exchanging 22,080 units to end at $32, Jamaica Producers declined 50 cents to close at $21.50, after trading 38,562 stock units. Jamaica Stock Exchange gained 30 cents and ended at $17.50, trading 97,043 shares, Kingston Wharves jumped $3 to settle at $71, trading 6,989 units, Mayberry Equities rose 60 cents to end trading of 43,242 shares at $9.80, Palace Amusement climbed $50 to close at $1,300 with 100 stock units changing hands. Sagicor Group jumped $4.03 to end at $44 in an exchange of 13,544 shares, Sagicor Real Estate Fund added 44 cents to end at $9.10, trading just 60,018 shares, Seprod rose $1.45 and closed at $43.45, trading 6,934 shares and Stanley Motta gained 33 cents and ended at $4.55, with an exchange of 10,448 shares.
Trading in the US dollar market ended with 83,732 shares trading with a value of US$10,226. Proven Investments closed at 23 US cents, with an exchange of 13,000 shares and Sygnus Credit Investments ended trading of 70,732 units at 10 US cents. The JSE USD Equities Index fell 1.87 points to close at 177.64.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, MPC Caribbean Clean Energy, NCB Financial, Palace Amusement, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

JSE major index drops sharply – Thursday

April 25, 2019 by IC Insider.com

Sagicor Real Estate Fund drops to new 52 weeks’ low.

Trading on the main market of the Jamaica Stock Exchange ended on Thursday with the All Jamaican Composite Index dropping 5,121.29 points to 422,118.68 and the JSE Index declining by 4,653.87 points to 384,585.80.
At the close, the main and US markets had 33 securities traded, compared to 29 on Wednesday leading to 9 advancing, 16 declining and 8 closing unchanged. Sagicor Real Estate Fund and JMMB Group 7.25% preference share closed trading at new 52 weeks’ lows of $8.66 and $1.98 respectively.
Market activity on the main market ended with 17,912,213 units valued $156,798,185 changing hands, compared to 1,662,631 units changing hands for $44,174,045, on Wednesday.

JMMB Group 7.5% preference share led trading with 12 million shares, accounting for 67 percent of total main market volume, followed by JMMB Group 7.25% preference share with 1.92 million units and 11 percent of the day’s trades and Wisynco Group with 1.47 million units for 8 percent of volume traded.
Market activity ended with an average of 597,074 units valued at over $5,226,606, in contrast to 59,380 shares valued at $1,577,644 on Wednesday. The average volume and value for the month to date amounts to 159,231 shares at $2,439,461 for each security, compared to 132,587 shares at $2,258,085 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 11 stocks ending with bids higher than their last selling prices and just 1 closing with a lower offer.
In main market activity, Berger Paints climbed $1.50 and ended trading of 499 stock units, at $21, Caribbean Cement dropped 31 cents to $63.51 with 13,399 shares changing hands, Eppley gained 30 cents trading 450 shares at $11. Jamaica Broilers climbed $1.55 in exchanging 33,169 units at $30, Jamaica Producers declined $1 to close at $22, after trading 10,388 stock units.

JMMB Group climbed $2.84 to settle at $33.45, with 31,977 units changing hands. Kingston Properties lost 50 cents finished at $6.50, with an exchange of 4,245 stock units. Kingston Wharves dropped $2.50 to settle at $68, with 11,754 units changing hands, Mayberry Investments gained $1.23 in trading 13,686 shares, to close at $8.75. Sagicor Group lost $2.03 to end at $39.97 in an exchange of 81,141 shares, Sagicor Real Estate Fund dipped $1.34 to a 52 weeks’ low of $8.66, trading just 700 shares, Salada Foods traded 640 units and rose $1.01 to end at $31.01. Scotia Group lost 35 cents and finished trading 264,774 shares at $50.65, Seprod lost $1 and closed at $42, trading 45,978 shares and Supreme Ventures rose 49 cents and finished at $26.49 with an exchange 564,208 units.
Trading in the US dollar market ended with 49,022 shares trading with a value of US$4,923. Proven Investments closed at 23 US cents, with an exchange of 127 shares, Sygnus Credit Investments rose 1.3 cent and ended trading of 46,639 units at 10 US cents after losing 0.3 cent and Sterling Investments finished trading and closed at 4 US cents with 2,256 units, leaving the JSE USD Equities Index fell 0.02 points to close at 179.51.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

JSE main market index drops – Wednesday

April 24, 2019 by IC Insider.com

JSE failed to have errors corrected in audited accounts.

Trading main market of the Jamaica Stock Exchange ended on Wednesday with the All Jamaican Composite Index falling 951.43 points to 427,239.97 and the JSE Index declining by 864.60 points to 389,239.67.
Market activity on the main market of the Jamaica Stock Exchange remained subdued with just 1,662,631 units changing hands for $44,174,045, compared to 1,509,697 units changing hands for $34,816,059, on Tuesday.
At the close, the main and US markets had 29 securities traded, compared to 31 on Tuesday leading to 13 advancing, 10 declining and 6 closing unchanged.
Wisynco Group led trading with a mere 307,966 shares, accounting for 19 percent of total main market volume, followed by Grace Kennedy with 261,323 units and 16 percent of the day’s trades and Radio Jamaica with 162,904 units for 10 percent of volume traded.

Market activity ended with an average of 59,380 units valued $1,577,644 for each security traded, in contrast to 53,918 shares valued at $1,243,431 on Tuesday. The average volume and value for the month to date amounts to 132,587 shares at $2,258,085 for each security, compared to 136,995 shares at $2,302,086 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 12 stocks ending with bids higher than their last selling prices and just 3 closing with lower offers.
In main market activity, Barita Investments climbed $3.90 to close at $42.90, with an exchange of 1,010 shares, Caribbean Cement dropped 18 cents to $63.82 with 21,900 shares changing hands, Jamaica Producers rose $2 to close at $23, after trading 48,463 stock units. JMMB Group shed 89 cents to settle at $30.61, with 46,720 units changing hands. Kingston Wharves jumped $2.50 to settle at $70.50, with 4,918 units,

Mayberry Investments lost 48 cents in trading 27,925 shares, to close at $8, Mayberry Jamaican Equities fell 80 cents with 24,658 units trading, to close at $9.20. Sagicor Group lost $2.53 to end at $42 in an exchange of 31,029 shares. Sagicor Real Estate Fund dipped 50 cents to $10, trading 7,800 shares, Scotia Group rose 50 cents and finished trading 8,852 shares at $51, Seprod gained $1 and closed at $43, trading 31,674 shares. Supreme Ventures lost 45 cents and finished at $26, with an exchange 109,581 units and Wisynco Group rose 25 cents and ended trading 307,966 shares at $11.99.
Trading in the US dollar market ended with 5,513 shares trading with a value of US$568. Sygnus Credit Investments rose 1.3 cent and ended trading of 5,513 units at 10.3 US cents. The JSE USD Equities Index advanced 1.22 points to close at 179.53.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

More gains for JSE majors – Tuesday

April 23, 2019 by IC Insider.com

On a day of very low trading, the All Jamaican Composite Index added to the strong gains on Thursday to close 1,130.64 points up to 428,191.40 on Tuesday while the JSE Index advanced 1,027.45 points to close at 390,104.27.
Market activity on the main market of the Jamaica Stock Exchange remained subdued with just 1,509,697 units changing hands for $34,816,059, compared to 3,564,657 units valued $53,154,918 on Thursday.
At the close, the main and US markets had 31 securities traded, compared to 28 on Thursday leading to 10 advancing, 11 declining and 10 closing unchanged.
Barita Investments led trading with a mere 225,658 shares, accounting for 15 percent of total main market volume, followed by Mayberry Jamaican Equities with 184,148 units and 12 percent of the day’s trades and Wisynco Group with 167,463 units for 11 percent of volume traded.
Market activity ended with an average of 53,918 units valued at an average of $1,243,431 for each security traded. In contrast to 132,024 units valued at an average of $1,968,701 on Thursday. The average volume and value for the month to date amounts to 136,995 shares at $2,302,086 for each security, compared to 142,319 shares at $2,375,277 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 11 stocks ending with bids higher than their last selling prices and just 2 closing with lower offers.
In main market activity, Barita Investments lost $1 to close at $39, with an exchange of 225,658 shares, Caribbean Cement dropped $1 to $64 with 37,388 shares changing hands, Grace Kennedy gained 45 cents in trading 21,340 stock units at $60, Jamaica Broilers rose 65 cents to close at $31.65, with an exchange of 10,391 shares. Jamaica Producers fell 26 cents to close at $21, after trading 15,500 stock units, JMMB Group added 90 cents to settle at $31.50, with 5,389 units changing hands. Mayberry Investments recovered 50 cents in trading 3,900 shares, to close at $8, Mayberry Jamaican Equities climbed $1 with 184,148 units trading, to close at $10. Palace Amusement dropped $200 to close at $1,250 after trading 120 units, Sagicor Group lost 47 cents to $44.53 in an exchange of 30,587 shares. Sagicor Real Estate Fund jumped $1.60 to $10.60, in trading 999,193 shares, Scotia Group rose 30 cents and finished trading 15,798 shares at $50.50 and Sygnus Credit Investments rose 50 cents trading of 59,500 units at $12.
Trading in the US dollar market ended with 65,070 shares trading with a value of US$8,900. JMMB Group 6% preference share traded 2,320 units and closed at US$1.04 Proven Investments traded 5,650 shares at 23 US cents and Sygnus Credit Investments rose 1 cent and ended trading of 57,100 units at 9 US cents leaving the JSE USD Equities Index fell 0.95 points to close at 178.31.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, Palace Amusement, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Sagicor Group & CAC jump IC TOP 10

April 20, 2019 by IC Insider.com

Sagicor Group traded 5m shares on the JSE main market on Friday.

Sagicor Group jumped to $45 at the close of the market for the past week, from $38.15 and CAC 2000 climbed to $12 from a $10 bid to exit IC Insider.com’s TOP 10 stocks.
Investors responded to the release of Sagicor’s 2018 full year results showing earnings of $3.65 per share, pushing the price higher while CAC price dropped too far at the end of the previous week and encouraged buying that pushed the price higher this week. Making way for the stocks moving on are, Sygnus Credit Investments in the main market and Lasco Manufacturing entering the Junior Market list.
Several Junior Market stocks suffered losses this past week, as the market pulled back more than 9 percent for the year to date up to Wednesday and created greater potential gains for a number of stocks.
The three leading Junior Market stocks for the coming week are Caribbean Producers with projected gains of 246 percent, Elite Diagnostic with potential gains of 245 percent and Iron Rock with potential gains of 243 percent.
Victoria Mutual Investments is now the top Main Market stock with 163 percent likely gain, followed by Radio Jamaica with 161 percent and Sterling Investments with potential to gain 153 percent.
Wigton Windfarm, Jamaica’s latest initial public share offer that came to the market this past week remains at number 4 position on the stock list. The stock comes to the market at 50 cents per share and boast a PE of 8.3 times based on normalized earnings for the year to March 2019.
The main market, closed the week with the overall PE at 13 and the Junior Market at just 10. The PE ratio for Junior Market Top 10 stocks average 6.3 and the main market PE is now 8.3. These levels, point to the huge upside for the TOP 10 stocks over the next 12 months.
The TOP 10 stocks now trade at an average discount of 36 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 37 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have interest in the securities commented on.

Filed Under: Buy Rated Tagged With: Berger Paints, Caribbean Producers, Daily Trading, Elite Diagnostic, Emerging markets, General Accident, Grace Kennedy, Jamaican Stock Exchange, Jamaican stocks, JMMB Group, junior market, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Radio Jamaica, Sagicor Group, Stanley Motta, Sterling Investments, Stocks to Watch, TOP 10 stocks, Trading Activity, Victoria Investments, Wigton Windfarm

Sharp jump in JSE indices – Thursday

April 18, 2019 by IC Insider.com

Sagicor Group jumped $5.50 on Thursday.

Sagicor Group jumped $5.50 to help push the All Jamaican Composite Index a healthy 6,934.04 points to close at 427,060.76 on Thursday while the JSE Index jumped a sizable 6,301.17 points to 389,076.82.
Market activity picked up on the main market of the Jamaica Stock Exchange with 3,564,657 units valued $53,154,918 traded compared to 3,197,837 units valued $101,850,841 on Wednesday.
At the close, the main and US markets had 28 securities traded, compared to 29 on Wednesday leading to 10 advancing, 11 declining and 7 closing unchanged.
Sagicor Real Estate Fund led trading with 999,193 shares, accounting for 28 percent of total main market volume, followed by 1834 Investments with 623,879 units and 17.5 percent of the day’s trades and Radio Jamaica with 570,068 units for 16 percent of volume traded.
Market activity ended with an average of 132,024 units valued at an average of $1,968,701 for each security traded. In contrast to 114,208 units for an average of $3,637,530 on Wednesday. The average volume and value for the month to date amounts to 142,319 shares at $2,375,277 for each security, compared to 142,996 shares at $2,404,318 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 11 stocks ending with bids higher than their last selling prices and just 2 closing with lower offers.
In main market activity, Barita Investments gained 50 cents to close at $40, with an exchange of 239,307 shares, Caribbean Cement dropped $2.05 to $65 with 9,246 shares changing hands, Jamaica Broilers lost $2 to close at $31, with an exchange of 191,617 shares. Jamaica Producers fell 74 cents to close at $21.26, after trading 14,597 stock units, Kingston Wharves shed 50 cents to settle at $68, with 1,968 units changing hands. NCB Financial Group recovered the $1.20 lost on Wednesday in trading 64,859 shares, to close at $145, PanJam Investment jumped $3.69 to close at $81.70 after trading 17,858 units, Sagicor Group jumped $5.50 to $45 in an exchange of 77,600 shares. Sagicor Real Estate Fund jumped $1.60 to $10.60, in trading 999,193 shares, Scotia Group fell 30 cents and finished trading 7,881 shares at $50.20, Seprod closed at $42.20 with a loss of 30 cents while trading 48,132 shares. Stanley Motta lost 34 cents and ended at $4.66, in trading 638 shares and Supreme Ventures lost 50 cents in finishing at $26.50, with 43,452 units changing hands.
Trading in the US dollar market ended with just one security trading. Sygnus Credit Investments rose 1 cent and ended trading of 6,682 units at 10 US cents leaving the JSE USD Equities Index rose 0.87 points to close at 179.26.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 1834 Investments, Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

JSE trading boosted – Wednesday

April 17, 2019 by IC Insider.com

Market activity picked up on the main market of the Jamaica Stock Exchange on Wednesday with 3,197,837 units valued $101,850,841 traded compared to 1,271,826 units valued $41,461,461 on Tuesday.
At the close of the market, the JSE All Jamaican Composite Index increased by 272.70 points to 420,126.72 and the JSE Index advanced 247.81 points to close at 382,775.65. The main and US markets had 29 securities traded, compared to 33 on Tuesday leading to 12 advancing, 9 declining and 8 closing unchanged.
Grace Kennedy led trading with 1,129,961 shares, accounting for 35 percent of total main market volume, followed by Wisynco Group with 670,925 units and 21 percent of the day’s trades and Radio Jamaica with 421,639 units for 13 percent of volume traded.
Market activity ended with an average of 114,208 units valued at an average of $3,637,530 for each security traded, in contrast to 43,856 units for an average of $1,429,706 on Tuesday. The average volume and value for the month to date amounts to 142,996 shares at $2,404,318 for each security, compared to 145,107 shares at $2,305,661 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 11 stocks ending with bids higher than their last selling prices and just 4 closing with lower offers.
In main market activity, Barita Investments rose $1.90 to close at $39.50, with an exchange of 74,708 shares, Caribbean Cement climbed $1.55 to $67.05, with a mere 10,981 shares changing hands, Grace Kennedy traded 1,129,961 stock units after falling 37 cents to end at $59.63, Jamaica Broilers climbed $1.80 to close at $33, with an exchange of 53,160 shares. Jamaica Producers fell 25 cents to close at $22, after trading 69,348 stock units, Kingston Wharves gained 50 cents to settle at $68.50, with 650 units changing hands. Mayberry Investments declined $1 trading 69,600 shares, to close at $7.50, Mayberry Jamaican Equities fell 50 cents trading 138,162 shares at $9.50. NCB Financial Group dropped $1.20 in trading with 14,174 shares, to close at $143.80, PanJam Investment lost 99 cents after ending at $78.01 and trading 41,290 units, Sagicor Group rose 45 cents to $39.50 in an exchange of 10,772 shares. Scotia Group rose 30 cents and finished trading 28,076 shares at $50.50, Seprod closed at $42.50 with a gain of 50 cents while trading 11,100 shares, Supreme Ventures gained $2 in finishing at $27, with 278,135 units changing hands and Wisynco Group gained 35 cents trading 670,925 units, to close at $11.70.
Trading in the US dollar market ended with just one security trading. Proven Investments ended trading with 5,000 units at 23 US cents leaving the JSE USD Equities Index unchanged at the close at 178.39.