Sagicor Group — Page 133

Market Watch on Scotia

March 4, 2019 by IC Insider.com

The main market of the Jamaica Stock Exchange moved within less than 5,000 points of the record close in November last year as investors pushed the prices of some stocks higher during the past week.
Based on the date the first quarter results for Scotia Group was released in 2018, the 2019 results should be released on Thursday but so far the company has not posted the date of dividend consideration that is normally the date of announcing the results. Caribbean Cement closed at $55 and should move higher with limited supply on offer and an analysis of the audited 2018n results suggesting that cost should decline and revenues rise in the current year. IC Insider.com raised earnings to $6 for the year with the expensive $1 billion cement import last year not recurring this year and the benefit of a full year of removal of lease cost with added saving this year from the $2 billion annual savings from resulting from owning the kilns rather than leasing. Keep on watching this one for a break out in price.
Radio Jamaica pulled back to $1 late last week but there is buying at those levels and above.
The Junior Market is consolidating with a slight negative bias, even as this market seems far more undervalued than the main market, the release of quarterly profit results is not helping this market currently as investors wait to see what 2019 results will look like.
Last week, a number of results were released but they showed that investors may have pushed prices to their limit already. Jamaica Stock Exchange report big increase in profit for 2018 of $413 million versus $221 million in 2017 with earnings per share of 59 cents and thus pushing the PE ratio to a rich 30. Berger Paints profits were flat but the company had a blowout final quarter with revenues jumping 155 percent from the poor 2017 quarter and profits of $130 million versus just $30 million in 2017. Grace Kennedy reported improved results with earnings per share of $5, helped

Grace new HQ close to the end of construction in downtown Kingston

by a big increase in investment income and foreign exchange. Jamaica Producers earnings grew 23 percent to 73 cents per share and resulting in one of the higher valued stocks on the market. Mayberry Investments reported a loss of $6million after tax for the year with a big increase in credit loss and investment impairment provisions. Sagicor Group and PanJam Investment full year’s results are delayed.
Fontana’s and Wisynco continues to trade around their current prices just below $4 and $12 respectively and seem poised to continue to move side wards for a while.
Elite Diagnostic moved up to $3.20 last week with good demand at that level continues to trade around $3.10 with a gap developing between the bids at $3.10 and sellers at $3.40. Will buyers move higher or will sellers come down where the majority of buyers are? Watch to see how this develops.
Buying for General Accident continues to trade around $4.50 level with no clear signs when it will the break out to a higher price level.
Lasco Financial remains stuck around $4.60 price level with some selling taking place at $4.60, but buying is not strong enough to move the price in the short term. Medical Disposables bounced last week but the price may bounce around for some time in the medium term.

Filed Under: Stock Market, Stocks to watch Tagged With: Berger Paints, Caribbean Cement, Elite Diagnostic, Fontana, General Accident, Jamaica Producers, Jamaica Stock Exchange, junior market, Lasco Financial, Mayberry Investments, Medical Disposables, PANJAM Investment, Radio Jamaica, Sagicor Group, Scotia Group

JSE majors 5,000 point short of record high

March 1, 2019 by IC Insider.com

New ecord high is in sight for the JSE main market.

Trading on the main market of the Jamaica Stock Exchange ended on Friday with JSE All Jamaican Composite Index increased 3,586.83 points to 428,450.86, to within 4,857 points of a new record close.
The JSE Index advanced 3,259.38 points to 390,338.01, within 4,453.88 points, of the record close reached in November, last year. The newly created Financial Index closed up 0.53 points to 100.53.
At the close market activity, the main and US markets traded 35 securities, compared to 38 securities trading on Thursday as 8 advanced, 18 declined and 9 traded without changes in prices.
Supreme Ventures traded at an at a 52 weeks’ high of $25 before retreating to close at $22 and the Jamaica Stock Exchange traded at a record high of $18.22 but ended lower at the close.
Main market activity ended with 17,063,678 units valued $60,010,887 compared to 6,800,119 units valued at $107,742,633, changing hands, on Thursday.
Sagicor Bank led trading with 15 million shares for 88 percent of the day’s volume, Mayberry Jamaican Equities was next with 475,175 units, accounting for 3 percent of the total main market volume changing hands and Radio Jamaica ended with 366,987 shares, for 2 percent of the day’s volume.

Market activity ended with an average 533,240 units valued at $1,875,340, in contrast to 206,064 shares valued at $3,264,928 on Thursday. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, 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 2 closing with lower offers.
In main market activity, Barita Investments closed at $48.01, with the trading of 6,279 shares, Berger Paints lost 49 cents and ended at $19.51, with an exchange of 4,897 stock units, Caribbean Cement closed with a gain of $1 to finish at $55, with 42,613 shares changing hands, Grace Kennedy gained 53 cents trading 89,379 stock units at $59.37. Jamaica Broilers finished trading 28,707 shares after falling $1.84 to close at $32.56, JMMB Group concluded trading 44,055 shares with a loss of $1 to close at $32, Jamaica Stock Exchange lost $1 and

ended at $17, with 360,982 shares changing hands, Kingston Wharves dropped $3.50 and settled at $71.50, with an exchange of 3,346 units. Mayberry Equities rose 90 cents and ended trading of 475,175 shares at $10, NCB Financial Group traded 96,803 shares but fell 50 cents to end at $144.50, PanJam Investment gained 55 cents to end at $80, trading 4,986 units. Sagicor Group added 95 cents in trading 5,281 shares to close at $41, Salada Foods shed $2 trading 5,018 units to close at $29.50, Scotia Group lost 40 cents trading 24,927 stock units at $53, Seprod lost $1.88 and closed at $42.52, trading 9,628 shares. Supreme Ventures jumped $2 to finish at $22 with 118,409 units changing hands and Wisynco Group lost 45 cents and ended trading of 80,089 shares at $11.50.
Trading in the US dollar market resulted in 141,624 units valued at over $91,276 changing hands. JMMB Group 5.75% preference share closed at $2 trading 2,500 shares, Margaritaville ended trading of 2,505 shares at 24 US cents and Sygnus Credit Investments exchanged of 4,554 shares at 11 US. The JSE USD Equities Index rose 0.06 points to close at 175.18.

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 majors pulls back – Thursday

February 28, 2019 by IC Insider.com

Carib Cement traded at a record high of $60.

Trading on the main market of the Jamaica Stock Exchange ended on Thursday with JSE All Jamaican Composite Index climbed 1,972.46 points to 424,864.03 and the JSE Index advanced by 1,792.39 points to 387,078.63.
At the close market activity, the main and US markets traded 38 securities, compared to 35 securities trading on Wednesday as 17 advanced, 9 declined and 12 traded without changes in prices. Caribbean Cement traded at an at a 52 weeks’ high of $60 before retreating to close at $54, Eppley 7.5% preference share traded a at a 52 weeks’ high of $6.13 and the Jamaica Stock Exchange traded at a record high of $18.
Main market activity ended with 6,800,119 units valued at $107,742,633 compared to 2,447,527 units valued $48,782,718, changing hands, on Wednesday.
Ciboney led trading with 2,217,789 shares for 32.6 percent of the day’s volume, JMMB Group 7.25% Preference share was next with 1,001,753 units, accounting for 14.7 percent of the total main market volume changing hands and Wisynco Group ended with 948,463 shares, for 14 percent of the day’s volume.

Market activity ended with an average 206,064 units, valued at $3,264,928 for each securities traded, compared with an average of 78,952 units valued at $1,573,636, on Wednesday. The average volume and value for the month to date, amounts to 281,016 shares with a value of $11,715,160 and previously, 285,064 shares with a value of $12,195,949. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 8 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Berger Paints rose 48 cents and ended at $20, with 6,734 stock units, Jamaica Broilers finished trading 62,676 shares after climbing $1.40, to close at $34.40, Jamaica Producers lost 50 cents trading 21,935 units, to close at $23. Jamaica Stock Exchange climbed 50 cents and ended at a 52 weeks’ high of

$18, with 22,755 shares changing hands, Kingston Wharves dropped $2 and settled at $75, with an exchange of 7,729 units, PanJam Investment gained 45 cents to end at $79.45, trading 2,503 units. Sagicor Group shed $1.94 trading 83,879 shares to close at $40.05, Salada Foods shed $2.50 trading 25,900 units to close at $31.50, Scotia Group gained 90 cents trading 8,275 stock units at $53.40 and Sygnus Credit Investments rose 28 cents trading 182,345 shares to close at $14.
Trading in the US dollar market resulted in 141,624 units valued at over $91,276 changing hands. JMMB Group 5.75% preference share closed at $2 trading 2,600 shares, JMMB Group 6% USD preference share traded 13,000 units at US$1.04, Proven Investments rose 0.98 cent in trading 25,455 units, to close at 21.98 US cents and Sygnus Credit Investments exchanged of 40,800 shares at 11 US cents after falling 1 cent. The JSE USD Equities Index rose 0.86 points to close at 173.96.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Caribbean Cement, Carreras, Ciboney, 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 majors drop on Wednesday

February 27, 2019 by IC Insider.com

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Trading on the main market of the Jamaica Stock Exchange ended on Wednesday with JSE All Jamaican Composite Index dropping 2,172.55 points to close at 422,891.57 and the JSE Index falling 1,974.21 points to 385,286.24.
At the close market activity, the main and US markets traded 35 securities, compared to 32 securities trading on Tuesday as 10 advanced, 13 declined and 12 traded without changes in prices. Main market activity ended with 2,447,527 units valued $48,782,718 compared to 8,311,096 units valued $195,683,562, changing hands, on Tuesday.
Carreras led trading with 415,956 shares for 17 percent of the day’s volume, Sagicor Real Estate Fund was next with 380,573 units, accounting for 15.6 percent of the total main market volume changing hands and Sterling Investments ended with 281,925 shares, for 11.5 percent of the day’s volume.
Market activity ended with an average of 78,952 units valued at $1,573,636 each, in contrast to an average of 286,590 units valued at $6,747,709 on Tuesday. The average volume and value for the month to date, amounts to 285,064 shares with a value of $12,195,949 and previously, 296,080 shares with a value of $12,795,751. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded. IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 8 stocks ending with bids higher than their last selling prices and 3 stocks closed with lower offers.
In main market activity, Caribbean Cement jumped $4 after exchanging 127,778 shares, to end at $54, Eppley fell $2 and ended at $11 trading 5,900 shares, Grace Kennedy rose $1.43 in trading 66,910 stock units to close at $59.95, Jamaica Producers rose 40 cents and finished trading 97,583 units, at $23.50. Kingston Wharves lost 50 cents and settled at $77, with an exchange of 1,171 units, Sagicor Group climbed $1.99 trading 76,700 shares to close at $41.99, Salada Foods shed $2 in trading 1,095 units to close at $34, Scotia Group fell 50 cents trading 44,406 stock units at $52.50 and Seprod climbed $2.40 trading 27,410 shares to close at $44.40.
Trading in the US dollar market resulted in 141,624 units valued at over $91,276 changing hands. JMMB Group 5.75% preference share closed at $2 trading 2,600 shares, JMMB Group 6% USD preference share traded 13,000 units at US$1.04, Proven Investments rose 0.98 cent in trading 25,455 units, to close at 21.98 US cents and Sygnus Credit Investments exchanged of 40,800 shares at 11 US cents after falling 1 cent. The JSE USD Equities Index rose 0.86 points to close at 173.96.

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

Modest gains for JSE majors – Tuesday

February 26, 2019 by IC Insider.com

Trading on the main market of the Jamaica Stock Exchange ended on Tuesday with JSE All Jamaican Composite Index rising 282.49 points to 425,064.12 and the JSE Index advancing 256.70 points to 387,260.45.
At the close market activity, the main and US markets traded 32 securities, compared to 31 securities trading on Monday as 11 advanced, 13 declined and 8 traded without changes in prices. Main market activity ended with 8,311,096 units valued $195,683,562 compared to 3,016,645 units valued $84,766,098, changing hands, on Monday.
Wisynco Group led trading with 1,990,579 shares for 24 percent of the day’s volume, Carreras was next with 1,182,543 units, accounting for 14 percent of the total main market volume changing hands and Seprod ended with 738,968 shares, for 9 percent of the day’s volume.
Market activity ended with 286,590 units valued at over $6,747,709, in contrast to 104,022 shares valued at $2,922,969 on Monday. The average volume and value for the month to date, amounts to 296,080 shares with a value of $12,795,751 and previously, 296,580 shares with a value of $13,133,046. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, 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 4 stocks closed with lower offers.
In main market activity, Barita Investments gained 50 cents to close at $50, in trading 218,453 shares, changing hands, Caribbean Cement dropped $1.40 after exchanging 333,970 shares, to end at $50, Grace Kennedy rose 52 cents in trading 14,383 stock units to close at $58.52, Jamaica Broilers fell $1.25 and finished trading of 397,700 units, at $33. Jamaica Stock Exchange rose 35 cents to end at $17.50, with the trading of 62,384 shares, Kingston Properties rose 48 cents and settled at $6, with an exchange of 90,092 units, Mayberry Investments lost 80 cents trading 296,539 shares to close at $9.20. PanJam Investment rose $2 in trading just 544 units, to close at $79, Portland JSX lost 50 cents to close at $7.50 in trading 56,500 shares. Salada Foods shed $2.25 in trading 47,618 units to close at $36, Scotia Group climbed $1.45 trading of 57,292 stock units at $53 and Seprod shed $3.80 trading 738,968 shares at $42.
Trading in the US dollar market resulted in 357,609 units valued at over $132,253 changing hands. JMMB Group 6% USD preference share traded 72,000 units at US$1.04, Proven Investments trading 256,409 units, to close at 21 US cents and Sygnus Credit Investments exchanged of 29,200 shares at 12 US cents. The JSE USD Equities Index lost 0.69 points to close at 173.10.

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, Portland JSX, 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 majors gain on Monday

February 25, 2019 by IC Insider.com

Trading on the main market of the Jamaica Stock Exchange ended on Monday with JSE All Jamaican Composite Index increased by 1,099.55 points to 424,781.63 and the JSE Index advanced by 999.17 points to 387,003.75.
At the close market activity, the main and US markets traded 31 securities, compared to 30 securities trading on Friday as 11 advanced, 12 declined and 8 traded without changes in prices. Main market activity ended with 3,016,645 units valued $84,766,098 compared to 2,838,523 units valued at $72,200,499, changing hands, on Friday.
JMMB GROUP 7.25% CR Preference Shareled trading with 998,000 shares for 33 percent of the day’s volume, Scotia Group was nextwith 375,825 units, accounting for 12.5 percent of the total main market volume changing hands and Jamaica Broilers ended with 336,582 shares, for 11 percent of the day’s volume.
Market activity ended with 104,022 units valued at an average of $2,922,969 for each security traded, in contrast to 101,376 units for an average of $2,578,589 on Friday.
The average volume and value for the month to date, amounts to 296,580 shares with a value of $13,133,046 and previously, 307,278 shares with a value of $13,736,085. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer
indicator ended with the reading showing 8 stocks ending with bids higher than their last selling prices and 3 stocks closed with lower offers.
In main market activity, Berger Paints fell 49 cents and ended at $19.51, with 2,100 stock units changing hands, Caribbean Cement jumped
$5.40 after exchanging 112,829 shares, to end at $51.40. Grace Kennedy lost 40 cents traded 107,235 stock units to close at $58, Jamaica
Broilers fell $1.26 and finished trading of 336,582 units, at $34.25. Jamaica Stock Exchange lost 35 cents to end at $17.15, with the trading of 26,501 shares, Kingston Wharves rose 50 cents and settled at $77.50, with an exchange of 27,002 units, Mayberry Investments climbed 90 cents trading 11,560 shares to close at $10. Mayberry Equities fell 31 cents trading 30,000 shares to close at $8.90, NCB Financial gained 79 cents to close at $144.80, with an exchange of 88,609 shares, Proven Investments rose 50 cents in trading 900 units, to close at$28, Sagicor Group dropped $1.95 to settle at $40.05, with 212,986 shares changing hands. Salada Foods climbed $2.25 in trading 27,683 units to close at $38.25, Scotia Group lost $2.35 trading of 375,825 stock units at $51.55 and Seprod shed $1.19 trading 33,667 shares at $45.80. Trading in the US dollar market resulted in 13,173 units valued at $9,015 changing hands. JMMB Group 6% USD preference share traded 7,517 units at US$1.04 and Proven Investments lost 0.05 cent in trading 5,656 units, to close at 21 US cents. The JSE USD Equities Index lost 0.04 points to close at 173.79.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 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, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Cement & RJR on watch alert

February 25, 2019 by IC Insider.com

Carib Cement could earn $5.30 in 2019.

The action on the Jamaica Stock Exchange is focused on the main market currently as it continues to exhibit clear bullish signs, that propelled by a recent wedge formation and is also being steered upwards by a long term upward sloping support line, that goes
back to early 2016.
The main market is just 9,625.14 points away from the peak
reached of 433,307.22 points reached on 29-Nov-last on the All Jamaica Index. The Junior Market is consolidating with
a slight negative bias, even as this market seems far more undervalued than the main market.
This week investors will see a series of releases with some expected to move the prices of some of the companies. The stocks in this
category to watch keenly are Jamaica Stock Exchange that should report a doubling in profit for the 2018. Berger Paints, Grace Kennedy, Jamaica Producers, Mayberry Investments that should show the full impact of the new accounting standard that will book all investments gains or losses directly to regular profit and loss, Sagicor Group, PanJam Investment. Release of full year’s results for Caribbean Cement last week, provided fuel that drove the price up to $51.50. Supply of the stock is low, with profit prospects for 2019 looking good.
Last weeks’ release of Fontana’s half year results, were mixed, with slightly higher profit for the six months but lower profit for the December quarter, the latter from modest sales increase, halted the advance of the price of the stock. The stock is likely to trade around the $4 level for a while. Investors ought to be focusing on the expansion plans and what that will do to profit in fiscal 2020. Wisynco continues to trade around the $12 mark but could break out at any time demand existing to buy just below $12 and supply drastically reduced compared to the period before the company released six months results.
Demand remains high for Buy Rated Radio Jamaica but supply has virtually dried up and so the stage may be set for higher prices ahead. The price moved up to $1.40 during last week but pulled back afterwards to trade back at $1 on Friday before heading back to close at $1.25.
Elite Diagnostic continues to trade around $3.10 with a gap developing between the bids at $3.10 and sellers at $3.40. Will buyers move higher or will sellers come down where the majority of buyers are? Watch to see how this develops.
Buying for General Accident continues between $4 and $4.25, when will the break out takes place is unknown, but the valuation suggest that it could be sooner than later as the company is expected to build on the 2018 results of 29 cents per share in 2019.
The price of Lasco Financial rose during the past week but the price could inch higher this week but investors may not be ready push it much higher in the short term
Medical Disposables bid at the close on Friday was $5.50 with offer at $6.49, a wide gap that will close at some time. The company’s expansion into consumer products offers scope for a faster growth in profit going forward and that swill help the stock in the latter half of 2018. The latest results show, it is going take sometime for the expected growth to really take hold.

Filed Under: Stock Market, Stocks to watch Tagged With: Berger Paints, Elite Diagnostic, Fontana, General Accident Insurance, Grace Kennedy, Jamaica Producers, Jamaica Stock Exchange, junior market, Lasco Financial, Mayberry Investments, Medical Disposables, PANJAM Investment, Radio Jamaica, Sagicor Group, Wisynco Group

JSE majors falter on Friday

February 22, 2019 by IC Insider.com

Trading on the main market of the Jamaica Stock Exchange ended on Friday with JSE All Jamaican Composite Index dropping 1,899.50 points to 423,682.08 and the JSE Index falling 1,726.09 points to 386,004.58.
At the close market activity, the main and US markets traded 30 securities, compared to 36 securities trading on Thursday as 11 advanced, 12 declined and 7 traded without changes in prices.
Main market activity ended with 2,838,523 units valued at $72,200,499 compared to 10,610,997 units valued at $1,075,805,493, changing hands, on Thursday.
Victoria Mutual Investments led trading with 557,353 shares for 19.6 percent of the day’s volume, Radio Jamaica was next with 471,723 units, accounting for 16.6 percent of the total main market volume changing hands and Scotia Group ended with 222,559 shares, for 8 percent of the day’s volume.
Market activity ended with 101,376 units valued at over $2,578,589, in contrast to 321,545 shares valued at $32,600,166 on Thursday. The average volume and value for the month to date, amounts to 307,278 shares with a value of $13,736,085 and previously, 318,948 shares with a value of $14,410,836. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, 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 5 stocks closed with lower offers.
In main market activity, Barita Investments climbed $1 and closed at $49.50, with 201,000 shares changing hands, Caribbean Cement dropped $5.50 after exchanging 33,024 shares, to end at $46. Jamaica Broilers rose $1.71 and finished trading of 4,478 units, at $35.51. JMMB Group gained 50 cents trading of 36,897 shares, to close at $33, NCB Financial fell 78 cents to close at $144.01, with an exchange of 176,620 shares, Sagicor Group dropped $1.95 to settle at $40.05, with 212,986 shares changing hands. Scotia Group gained 45 cents and ended trading of 222,559 stock units at $53.90, Seprod added $1.99 trading 32,368 shares at $46.99 and Sygnus Credit Investments gained 22 cents with 51,793 units trading, to end at $13.72.
Trading in the US dollar market resulted in 34,410 units valued at over $7,260 changing hands. Proven Investments rose 1 cent in trading 34,110 units, to close at 21.5 US cents and Sygnus Credit Investments traded 300 units and rose 1 cent to end at 12 US cents. The JSE USD Equities Index advanced 4.87 points to close at 173.83.

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, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

More gains for JSE majors – Thursday

February 21, 2019 by IC Insider.com

The main market of the Jamaica Stock Exchange made further gains at the end on Thursday with JSE All Jamaican Composite Index increasing by 791.14 points to 425,581.58 and the JSE Index advancing by 718.92 points to 387,730.67.
At the close market activity, the main and US markets traded 36 securities, compared to 33 securities trading on Wednesday as 17 advanced, 6 declined and 13 traded without changes in prices.
Main market activity ended with 10,610,997 units valued at $1,075,805,493 compared to 6,849,263 units valued $129,072,474, changing hands, on Wednesday.
NCB Financial Group led trading with 7,060,926 shares for 66.5 percent of the day’s volume, JMMB Group 7.25% preference share was next with 950,000 units, accounting for 9 percent of the total main market volume changing hands and Wisynco Group ended with 549,686 shares for 5 percent of the day’s volume.
An average of 321,545 units valued $32,600,166 compared with 228,309 units valued at an average of $4,302,416 for each security traded, on Wednesday. The average volume and value for the month to date, amounts to 318,948 shares with a value of $14,410,836 and previously, 318,762 shares with a value of $13,014,911. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 7 stocks ending with bids higher than their last selling prices and 3 stocks closed with lower offers.
In main market activity, Caribbean Cement rose 50 cents after exchanging 146,631 shares, to end at $51.50, Grace Kennedy lost $1.49 trading 40,883 stock units to end at $58.50, JMMB Group gained $1 trading of 81,877 shares, to close at $32.50, Kingston Wharves gained $1.20 to close at $77, with 2,079 units changing hands. NCB Financial added 29 cents to close at $144.79, with an exchange of 7,060,926 shares, PanJam Investment rose 89 cents to end at $76.99 in exchanging 880 shares, Sagicor Group rose $2 to settle at $42, with 133,288 shares changing hands, Salada Foods rose $1 trading 600 stock units to close at $36. Scotia Group lost 48 cents and ended trading of 14,123 stock units at $53.45, Seprod fell $2 trading 323,011 shares at $45, Sygnus Credit Investments gained 50 cents with 112,100 units trading to end at $13.50 and Wisynco Group rose 30 cents and settled at $11.85, with 549,686 shares changing hands.
Trading in the US dollar market resulted in 135,456 units valued at over $24,597 changing hands. Margaritaville completed trading 4,150 shares at 24 US cents, Proven Investments lost 1.5 cents in trading 100,406 units, to close at 20.5 US cents and Sterling Investments traded 10,000 units at 0.0385 US cents. The JSE USD Equities Index advanced 0.16 points to close at 168.96.

Carib Cement jumps $8 to $51 – Wednesday

February 20, 2019 by IC Insider.com

Caribbean Cement an IC Insider.com TOP 10 BUY RATED stock jumped a sharp $7.99 to close at $51 in response to the company reporting a big 122 percent jump in profit for 2018 over 2017.
Profit after tax moved from $1.11 billion in 2017 to $2.47 billion from an increase in revenues of just 6.4 percent, to $17.57 billion.
The main market of the Jamaica Stock Exchange ended with JSE All Jamaican Composite Index climbing 3,366.43 points to 424,790.44 and the JSE Index advancing 3,059.10 points to close at 387,011.75.
At the close market activity, the main and US markets traded 33 securities, compared to 38 securities trading on Tuesday, 9 advanced, 13 declined and 11 traded with unchanged prices.
Main market activity ended with 6,849,263 units valued $129,072,474, compared to 15,805,801 units valued at $87,341,139 changing hands, on Tuesday.
An average of 228,309 units valued at an average of $4,302,416 for each security traded, in contrast to 451,594 units valued at an average of $2,495,461 on Tuesday. The average volume and value for the month to date, amounts to 318,762 shares with a value of $13,014,911 and previously, 325,058 shares with a value of $13,668,348. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
JMMB Group 7.25% preference share led trading with 1,863,840 shares for 27 percent of the day’s volume, JMMB Group ordinary share was next with 1,588,456 shares, accounting for 23 percent of the total main market volume changing hands and Wisynco Group ended with 548,081 shares, for 8 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 7 stocks ending with bids higher than their last selling prices and 3 stocks closed with lower offers.
In main market activity, Barita Investments gained 49 cents trading 71,190 shares, to close at $48.50, Berger Paints rose 50 cents to end at $20, with an exchange of 1,387 stock units, Caribbean Cement exchanged 347,372 shares, to end at $51 after jumping $7.99. Grace Kennedy traded 24,003 stock units and rose 99 cents to end at $59.99, Kingston Wharves dropped $1.20 to close at $75.80, with 6,198 units changing hands, NCB Financial lost 45 cents to close at $144.50, with an exchange of 118,906 shares. PanJam Investment fell 89 cents to end at $76.10, exchanging 16,747 shares, Scotia Group gained 93 cents and ended trading of 22,820 stock units, at $53.93 and Seprod rose $1 trading 174,703 shares at $47.
Trading in the US dollar market resulted in 2,032,362 units valued US$237,397 changing hands. Proven Investments traded 54,975 units, with the price closing at 22 US cents, Sterling Investments traded 10,000 units at 0.0385 US cents and Sygnus Credit Investments ended with 18,300 units trading unchanged at 9 US cents. The JSE USD Equities Index lost 5.30 points to close at 168.80.