3 new stocks now in IC TOP 10

Stocks mostly closed higher on the Jamaica Stock Exchange during the past week as Lasco Financial returns along with Caribbean Cement and Sagicor Group.
Leaving IC Insider TOP 10 at the end of the week are Everything Fresh, Jamaica Broilers and Sygnus Credit Investments.
Rising stock prices in the last week help in reducing the projected gains in to leading stocks compared to position at the end of the prior week. The three leading Junior Market stocks for the coming week are, Caribbean Producers with projected gains of 227 percent, followed by Iron Rock with likely gains of 213 percent and AMG Packaging with possible gains of 202 percent.
Sterling Investments with potential gains of 203 percent leads main market stocks, followed by Radio Jamaica with 150 percent and Berger Paints in third spot with the potential to gain 147 percent within twelve months.
The main market, closed the week with the overall PE at 14.8 and the Junior Market at 11.2. The PE ratio for Junior Market Top 10 stocks averages 7.2 and the main market PE 8.8. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
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 41 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.

JSE record run ends abrutly

Bear appeared on Friday but wont stick around too long.

The Jamaica Stock Exchange main market record run finally ended on Friday as the JSE All Jamaican Composite Index dropped 5,680.10 points to 479,242.46 and the JSE Index dived 5,161.72 points to 436,494.54.
At the close market activity, on the main and US markets, the prices of 11 securities advanced, 18 declined and 7 traded firm, as a total of 36 securities traded, compared to 35 on Thursday. Market activity ended with 104,623,709 units valued $541,856,427, in contrast to 18,955,666 units valued $147,418,895 on Thursday.
Wigton Windfarm continues to dominate trading since listing in late May, closing with 93.76 million shares changing hands and 90 percent of total trades, followed by Scotia Group with 3.45 million stock units and 3.3 percent of the day’s trades and Grace Kennedy with 2 million units for 2 percent of volume traded.
The market closed with average of 2,989,249 units valued at over $15,481,612, in contrast to 557,520 shares valued at $4,335,850 on Thursday. The average volume and value for the month to date amounts to 1,309,645 shares, with a value of $13,324,556, compared to 860,896 shares, with a value of $9,289,962 previously. May closed with average of 2,248,261 units at an average of $12,751,529 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, Berger Paints lost $1.33 to close at $17, trading 33,214 stock units, Caribbean Cement dropped $6.95 to close at $73.05, with an exchange of 30,135 shares, Jamaica Broilers finished trading of 8,696 units with a rise of 49 cents to end at $33. Jamaica Stock Exchange lost 80 cents to end at $19.80, with an exchange of 711,190 shares, Kingston Wharves lost $3 to settle at $68, with an exchange of 3,500 units. Mayberry Jamaican Equities exchanged 414,374 shares after sliding 45 cents to close at $11. NCB Financial Group ended trading of 441,660 shares with a rise of $1.02 to end the day at $170.02, Proven Investment fell $1 in trading 19,897 shares to close at $34, Scotia Group shed 99 cents in trading 3,449,377 units to close at $51.01. Seprod fell $1 to end at $48, in trading 320,989 shares and Supreme Ventures rose 90 cents and settled at $30.90, with 632,307 shares trading.
Trading in the US securities market resulted in 62,500 units valued at over $12,250 changing hands. Market activity ended with Proven Investments traded 62,500 units and closed with a loss of 1 cent at 26 US cents. The JSE USD Equities Index fell 2.79 points to close at 191.58.

10 unbroken JSE main market record close

NCB Financial traded at a record high of $184.85 on Thursday.

The Jamaica Stock Exchange main market ended its ninth consecutive day of trading with another record close on Thursday, as investors pushed JMMB group to a record $42.50 and NCB Financial to a record high of $184.85, before they both pulled back at the close.
The JSE All Jamaican Composite Index jumped 4,510.51 points to end at a record close of 484,922.56 and the JSE Index climbed 4,099.18 points to record close of 441,656.26.
At the close market activity, on the main and US markets, the prices of 11 securities advanced, 12 declined and 12 traded firm, as a total of 35 securities traded, compared to 33 on Wednesday. Market activity ended with 18,955,666 units valued $147,418,895, in contrast to 27,861,999 units valued $644,155,189 on Wednesday.
Wigton Windfarm continues to dominate trading since listing in late May, closing with 13.9 million shares changing hands and 73 percent of total trades, followed by JMMB Group with 919,914 stock units and 5 percent of the day’s trades and Victoria Mutual Investments with 684,263 units for 4 percent of volume traded.
The market closed with average of 557,520 units valued at over $4,335,850, in contrast to 870,687 shares valued at $20,129,850 on Wednesday. The average volume and value for the month to date amounts to 860,896 shares, with a value of $9,289,962, compared to 967,234 shares, with a value of $11,026,454 previously. May closed with average of 2,248,261 units at an average of $12,751,529 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, Jamaica Broilers finished trading of 16,449 units with a rise of 76 cents to end at $32.51. Jamaica Producers added 99cents to close at $27, with 15,401 shares trading, Jamaica Stock Exchange lost 65 cents to end at $19., with an exchange of 44,163 shares, JMMB Group climbed 39 cents and concluded trading with 919,914 shares at $40, Mayberry Jamaican Equities exchanged 27,963 shares after sliding 85 cents to close at $11.45. NCB Financial Group ended trading of 121,084 shares at a record high of $184.85 but fell $1 to end the day at $169, PanJam Investment fell $1.01 in trading 30,101 shares to close at $94.99. Sagicor Group lost 40 cents in trading 113,467 stock units, to end at $48, Scotia Group gained $1 in trading 105,105 units to close at $52, Seprod fell 75 cents to end at $49.20, in trading 46,911 shares and Supreme Ventures lost 50 cents and settled at $30, with 521,695 shares trading. Sygnus Credit Investments added 50 cents in traded 138,512 units in closing at $13.50.
Trading in the US securities market resulted in 21,177 units valued $2,329 changing hands. Market activity ended with Sygnus Credit Investments traded 21,177 units and closed with a loss of 1 cent at 11 US cents. The JSE USD Equities Index fell 0.06 points to close at 194.37.

9 unbroken JSE majors record close

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New record high for the JSE main market.

The Jamaica Stock Exchange main market ended its ninth consecutive day with another record close on Wednesday, even as advancing stocks were outdone by losers.
The JSE All Jamaican Composite Index jumped 3,093.87 points to a new record close of 480,412.05 and the JSE Index climbed by 2,811.51 points to a record 437,557.08.
At the close of market activity, on the main and US markets, the prices of 7 securities advanced, 9 declined and 17 traded firm as a total of 33 securities traded compared to 35 on Tuesday. Market activity ended with 27,861,999 units valued $644,155,189, in contrast to 30,804,536 units valued at $160,506,295 on Tuesday.
Wigton Windfarm that continues to dominate trading since listing in late May and closed with 20 million shares and 72 percent of total trades, followed by NCB Financial Group  with 3.15 million and 11 percent of the day’s trades and Wisynco with just over 1.22 million units for 4 percent of volume traded.
The market closed with average of 870,687 units valued at over $20,129,850, in contrast to 993,695 shares valued at $5,177,622 on Tuesday. The average volume and value for the month to date amounts to 967,234 shares, with a value of $11,026,454, compared to 1,014,765 units valued $6,544,783 previously. May closed with average of 2,248,261 units at an average of $12,751,529 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, Jamaica Producers  added 86 cents to close at $26.01, with 148,662 shares trading, JMMB Group  climbed 61 cents and concluded trading with 88,201 shares at $39.61, NCB Financial Group  finished trading 3,145,079 shares at a record closing high of $170, after rising $2, PanJam Investment  concluded trading with 10,649 shares and rose 60 cents to end at $96. Scotia Group  traded 184,156 units and lost 50 cents, to close at $51, Seprod fell 75 cents to end at $49.20, in trading 46,911 shares and Supreme Ventures  lost 50 cents and settled at $30.50, with 815,089 shares trading.
Trading in the US securities market resulted in 154,621 units valued at over $41,350 changing hands. Market activity ended with Proven Investments closing with 154,621 units with a rise of 1 cent to 27 US cents.  The JSE USD Equities Index advanced by 2.79 points to close at 194.43.

More record close for JSE main market

The Jamaica Stock Exchange chalked up its eighth consecutive record close on Tuesday as advancing stocks out did losers almost three to one.
JSE All Jamaican Composite Index jumped 1,998.21 points to a record close of 477,318.18 and the JSE Index climbed 1,815.85 points to another record close of 434,745.57.
 At the close market activity, on the main and US markets, the prices of 20 securities advanced, 9 declined and 4 traded firm as a total of 33 securities traded compared to 35 on Monday. Market activity ended with 30,804,536 units valued at $160,506,295, in contrast to 35,155,198 units valued $264,904,598 on Tuesday.
Wigton Windfarm continues to dominate trading since listing in late May and closed with just 25.3 million shares and 82 percent of total trades, followed by Supreme Ventures with 2.46 million and 8 percent of the day’s trades and Carreras with just over 1 million units for 3.4 percent of volume traded.
The market closed with average of 993,695 units valued at an average of $5,177,622 for each security traded. In contrast to 1,033,976 units for an average of $7,791,312 on Monday. The average volume and value for the month to date amounts to 1,014,765 units valued $6,544,783. May closed with average of 2,248,261 units at an average of $12,751,529 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, Berger Paints gained 40 cents to close at $18.40, trading 3,600 stock units, Caribbean Cement climbed $1 to close at $80, with an exchange of 19,648 shares, Jamaica Broilers finished trading of 122,576 units but fell 30 cents to end at $31.70. Jamaica Producers added 65 cents to close at $25.15, with 19,066 shares trading, Jamaica Stock Exchange lost 35 cents to end at $19.65, with an exchange of 35,817 shares, JMMB Group lost 50 cents and concluded trading with 71,131 shares at $39, Kingston Wharves rose $1 to settle at $71, with an exchange of 1,770 units. Mayberry Jamaican Equities exchanged 47,989 shares after rising 65 cents to close at $12.35, NCB Financial Group  finished trading 22,975 shares at a record closing high of $168, after rising $1, PanJam Investment  concluded trading with 2,154 shares but lost 60 cents to end at $95.50. Sagicor Group  traded 299,516 units and gained 30 cents to close at $48.50, Seprod climbed $1.95 to end at $49.95, in trading 125,881 shares and Supreme Ventures  gained $1 and settled at $31, with 655,299 shares trading.
Trading in the US securities market resulted in 54,482 units valued $20,746 changing hands. Market activity ended with  JMMB Group 5.75% concluded trading of 3,782 units to finish at US$2 and Proven Investments closed with 50,700 units with a fall of 1 cent at 26 US cents.  The JSE USD Equities Index shed 3.74 points to close at 191.64.

Seven days of unbroken records

Seven straight record close for JSE main market.

The main market of the Jamaica Stock Exchange on Monday continue its record run with seven unbroken record close, but it just made it as declining stocks outnumbered advancing ones by a gig margin.
At the close the  JSE All Jamaican Composite Index inched just 29.46 points to end at a record close of 475,319.97 and the JSE Index edged higher by a mere 26.77 points to a record 432,929.72.
At the close market activity, on the main and US markets with the prices of just 8 securities advancing, 18 falling and traded firm as a total of compared to 35 securities trading on Friday. Market activity ended with 35,155,198 units valued at $264,904,598, in contrast to 146,738,895 shares valued at $319,460,370 on Friday.
Wigton Windfarm continues to dominate trading since listing in late May, to end with trading of 18.3 million shares and 52 percent of total trades, followed by Sagicor Real Estate Fund with 8.1 million and 23 percent of the day’s trades. Mayberry Jamaican Equities was next with 4.8 million units for 13.7 percent of volume traded and Jamaica Producers trading 1 million shares.
The market closed with average of 1,033,976 units valued at an average of $7,791,312 for each security traded, in contrast to 4,585,590 units for an average of $9,983,137 on Friday. May closed with average of 2,248,261 units at an average of $12,751,529 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, Barita Investments lost 50 cents to close at $45, with 5,467 shares changing hands, Berger Paints declined by 50 cents in ending at $18, trading 4,668 stock units, Caribbean Cement climbed $1 to close at $79, with an exchange of 19,648 shares. Jamaica Broilers finished trading of 18,495 units but fell 95 cents to end at $32, Jamaica Producers lost $1 and closed at $24.50, with 1,072,902 shares trading, JMMB Group rose 50 cents and concluded trading with 178,692 shares at $39.50, Kingston Wharves lost $1 to settle at $70, with an exchange of 5,270 units. NCB Financial Group finished trading 27,674 shares at a record closing high of $167, after rising $2.02, PanJam Investment concluded trading with 273,876 shares and rose 50 cents to end at $96.10,  Sagicor Group  traded 268,818 units and declined by $1.80 to close at $48.20, Seprod  gained 55 cents to end at $48, in trading 53,347 shares. Sterling Investments  lost 43 cents to close at $3.22, with 200 units crossing the exchange and Supreme Ventures  dropped $1.86 and settled at $30, with 655,299 shares trading.
Trading in the US securities market resulted in 48,124 units valued at $13,856 changing hands. Market activity ended with  JMMB Group 6% concluded trading of 2,540 units to finish at US$1.06, Proven Investments closed with 38,429 units with a rise of 2 cents at 26.99 US cents and Sygnus Credit Investments rose 1 cents to end at 12 US cents in trading 7,155 shares. The JSE USD Equities Index advanced by 1.76 points to close at 195.38.

Lasco stocks bow out of IC TOP 10

Lasco Manufacturing that IC Insider last week suggested readers keep a keen eye on, reported outstanding full year results and climbed 18.5 percent to $3.85 on Friday, exit the Junior Market IC Insider.com’s TOP 10.
Lasco Financial came in with full year results that were above the 2018 figures and the price moved up to $5. IC Insider downgraded 2020 earnings to 60 cents per share, the combination of the two changes, pushed the stock outside the TOP 10, Jetcon is the third stock to move out of the top tier. Coming in to replace the above are CAC 2000, Everything Fresh and Consolidated Bakeries, all three newcomers have been having challenges with growing profits.
Carreras reported flat profits for the year to March resulting in downgrading of 2020 profits, with the stock no longer in the TOP 10, also leaving is Caribbean Cement with the price recovering during the week to close at $78, the two are replaced by Stanley Motta and Sygnus Credit Investments.
The three leading Junior Market stocks for the coming week are, Caribbean Producers with projected gains of 272 percent, followed by Iron Rock with likely gains of 243 percent and Medical Disposables with possible gains of 233 percent.
Sterling Investments with potential gains of 174 percent leads main market stocks, followed by Radio Jamaica with 159 percent and VM Investments in third spot with the potential to gain 141 percent within twelve months.
The main market, closed the week with the overall PE at 14.8 and the Junior Market at 11.1. The PE ratio for Junior Market Top 10 stocks averages 6.8 and the main market PE 9. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 39 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 39 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.

 

NCB Financial could hit $190 soon

NCB Financial stock could hit $190

There are not many stocks to watch this week, as earnings season is almost over, with just a few more reports to be released.
Investors responded well to companies reporting good profit gains and in the case of NCB Financial, to the increased holdings in Guardian Group. The stock seems to have broken through resistance at the $150 level. The $165 region where the stock trades at now is also a resistance area but the strong buying last week at this price point, suggests it is poised to move higher with $190 being the next point of resistance.
Lasco Manufacturing posted strong full year results during the past week with an outstanding fourth quarter that led investors to pick up almost 1.4 million shares resulting in rise of 60 cents on Friday. Barita Investments is enjoying buying interest as the value of stock prices rise and the Jamaican dollar value remains lower than at the end of March, both will likely give a big boost to profit in the June quarter.
Eppley seems to have demand that should push the price higher during the week as the company is getting set to launch an IPO for the Eppley Property Fund. Medical Disposables’ full year’s

SOS expect to maximize profits from all business lines in 2019.

results just inched higher over 2018 but closer examination indicates that the results telegraphed a powerful message about profits to come. Expect demand to pick up in the future for this stock as the company continues to grow attractively.
Stationery and Office reported good first quarter results, weeks ago driving renewed interest in the stock. The demand left supply very short, suggesting it is only a matter of time before the price moves higher. Wigton Windfarm hit a low of 72 cents during the past week but closed at 79 cents on Friday and could move back into the 80 cents range in the coming week.
Investors should keep eyes on Jamaica Producers, Sagicor Group and Honey Bun.

JSE main market rises 14% rise to a record

New record high for the JSE main market.

The main market of the Jamaica Stock Exchange ended trading for the 6th straight record close on Friday and the 15th record close for the year as the market rose 14 percent in 2019.
The main market ended with the JSE All Jamaican Composite Index increased 1,187.44 points to 475,290.51 and the JSE Index advanced by 1,079.07 points to 432,902.95.
At the close of trading on the main and US markets, the prices of 8 securities advanced, 12 declined and 11 traded firm as 35 securities traded, up from 37 on Thursday.
 Wigton Windfarm dominated trading with 139.6 million shares and 95 percent of total trades, followed by Sagicor Real Estate Fund with 5 million shares accounting for 3.4 percent and NCB Financial Group with 788,652 units amounting to 0.54 percent of the day’s volume.
The main market ended with, 146,738,895 units valued $319,460,370 trading compared to 215,299,937 units valued $719,088,970 changing hands on Thursday.
Trading ended with an average of 4,585,590 units valued $9,983,137, in contrast to 6,728,123 shares valued at $22,471,530 on Thursday. The average volume and value for the month to date amounts 2,248,261 units valued $12,751,529 and previously, 2,138,107 units valued $12,895,109. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 9 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Barita Investments climbed $1.25 in trading 42,376 shares to close at $45.50, Caribbean Cement closed with a fall of $1 at $78 while trading 69,448 shares, Jamaica Producers gained $2.50 to close at $25.50, trading 4,321 shares. Kingston Wharves settled at $71, with 7,850 units trading after gaining by $1. Mayberry Investments rose 45 cents and ended trading of just 608 shares at $9, Mayberry Jamaica Equities climbed $1.15 to end at $11.89, while exchanging 2,625 shares, NCB Financial Group jumped $3.98 trading 788,652 shares to end at $164.98. Proven Investments rose $1 to close at $35 with an exchange of 4,770 shares, Salada Foods added $5.25 and ended trading at $35.25, with an exchange of a mere 100 stock units. Scotia Group declined by 50 cents to close at $51.50, with 21,344 shares changing hands, Seprod fell 55 cents, trading 18,546 shares to close at $47.45 and Supreme Ventures finished with a rise of 36 cents to close at $31.86, with an exchange of 59,411 units.
Trading in the US dollar market ended with 125,090 units valued US$37,435. JMMB Group 5.75% closed at $2 while trading 7,500 units, JMMB Group 6% settle at $1.06 while trading 10,000 units and Sygnus Credit Investments traded 107,590 units to close at 11 US cents. The JSE USD Equities Index closed unchanged at 193.62.

5 straight record close for JSE main market

The main market of the Jamaica Stock Exchange ended trading for the 5th straight record close on Thursday and the 14th record close for the year.
The main market ended with the JSE All Jamaican Composite Index increased by 1,724.82 points to a new closing high of 474,103.07 and the JSE Index advanced 1,567.41 points to a record 431,823.88.
At the close of trading on the main and US markets, the prices of 8 securities advanced, 12 declined and 11 traded firm as 35 securities traded, up from 37 on Wednesday.
 Wigton Windfarm dominated trading with 194 million shares and 90 percent of total trades, followed by Wisynco Group with 10.7 million shares accounting for 5 percent and JMMB Group with 6.66 million units amounting to 3 percent of the day’s volume.
The main market ended with, 215,299,937 units valued $719,088,970 trading compared to 251,755,951 units valued at $252,195,249 changing hands on Wednesday.
Trading ended with an average of 6,728,123 units valued at an average of $22,471,530 for each security traded. In contrast to 7,628,968 units for an average of $7,642,280 on Wednesday. The average volume and value for the month to date amounts 2,138,107 units valued $12,895,109 and previously, 1,911,089 units valued $11,710,668. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 8 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Barita Investments lost 74 cents in trading 2,164 shares to close at $44.25, Caribbean Cement closed with a fall of $1 at $79 while trading 7,764 shares, Grace Kennedy gained 50 cents trading at $61.50, with 143,255 shares. Jamaica Broilers rose 95 cents in trading 6,442 units to close at $32.95, Jamaica Producers dropped $2 to close at $23, in trading 1,044,714 shares. Kingston Wharves settled at $70, with 3,899 units trading after gaining by $1, NCB Financial Group lost $2 trading 416,899 shares to end at $161. PanJam Investment dropped $1.40 and ended at $95.50, with 18,515 units trading, Pulse Investments finished at $2.55, with 45,001 shares, Proven Investments rose 50 cents to close at $34 with an exchange of 300 shares, Sagicor Group added $1.48 and ended trading at $49.98, with an exchange of 470,884 stock units and Seprod added $2.05 in trading 123,705 shares to close at $48.
Trading in the US dollar market ended with 38,836 units valued US$11,353. JMMB Group 6% settle at $1.06 while trading 7,608 units, Sterling Investments finished trading 2,028 units and lost 0.03 cent to close with a at 37 US cents and Sygnus Credit Investments traded 29,200 units to close at 11 US cents. The JSE USD Equities Index rose 0.40 points to close at 193.62.