Scotia Group — Page 102

More record close for some IC TOP10 stocks

March 8, 2021 by IC Insider.com

With the Junior Market fighting to break clear of the 2,900 level of the market index over the past two weeks, there were no major changes to the IC TOP10 stocks this past week. The Main Market saw Carreras and Grace Kennedy trading at 52 weeks’ high, following positive gains in their latest profit results, while Caribbean Cement jumped sharply, following the release of a 70 percent rise in 2020 profit.
Sterling Investments is a new addition to the Main Market TOP 10, replacing Berger Paints with profit downgraded with earnings per share of $1.30 for 2021. That was inadequate to hold on to the TOP 10 position, but the stock is still on the ICTOP15 list for 2021. Future Energy Source (Fesco) hangs onto the Junior Market TOP10 list at ninth position, The prospectus was pulled and is yet to be re-issued. IC Insider.com gathers it was expected on Friday gone, but that seems not to be the case, but it could be coming soon.
The Junior Market TOP10 is filled with companies that suffered a sharp reversal of revenues and profit in 2020, with recovery projected in 2021. Still, green shoots are showing for some, with sales picking up in recent quarters with improving bottom-line. Some of these companies may require another quarter or two of improving fortunes before there is meaningful buying into them. The Main Market has a number in the list that have put out record profits or show signs of strong earnings with the stocks clearly undervalued; these include, JMMB Group, Jamaica Broilers, Sygnus Credit Investments, Grace Kennedy are currently in the TOP10 Main Market listing and Caribbean Cement that is just outside.
The Junior Market and the Main Market are supported by technical indicators that point to robust gains ahead that are backed up by a number of companies reporting positive profit results.
The top three stocks in the Junior Market with the potential to gain between 295 to 309 percent are Caribbean Cream, followed by Elite Diagnostic and Caribbean Producers. With expected gains of 165 to 456 percent, the top three Main Market stocks are Radio Jamaica, followed by VM Investments and PanJam Investment.
The local stock market’s targeted average PE ratio is 20 based on profits of companies reporting full year’s results, up to the second quarter of 2021. The Junior and Main markets are currently trading well below the market average, indicating strong gains ahead. The JSE Main Market ended the week, with an overall PE of 15.8 and the Junior Market 9.8, based on ICInsider.com’s projected 2021-22 earnings. The PE ratio for the Junior Market Top 10 stocks average a mere 5.4 at just 55 percent of the market average. The Main Market TOP 10 stocks trade at a PE of 7.6 or 52 percent of the PE of that market.
The average projected gain for the Junior Market IC TOP 10 stocks is 274 percent and 181 percent for the JSE Main Market, based on 2021-22 earnings. IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely gain for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. Revisions to earnings per share are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated, Feature Stories Tagged With: Access Financial, Berger Paints, Caribbean Assurance Brokers, Caribbean Producers, Carreras, Daily Trading, Emerging markets, FESCO, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Laco Distributors, Lasco Financial, Lumber Depot, Main Event, Medical Disposables, PANJAM Investment, Radio Jamaica, Scotia Group, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

Stocks fall but hang on to 2021 gains

March 5, 2021 by IC Insider.com

Stocks ended on Friday after almost half declined in trading on the Jamaica Stock Exchange Main Market, with a 20 percent fall in the volume of shares exchanged but with a much higher value of 83 percent than on Thursday.
The market indices just held above the negative zone for the year at the close, with the All Jamaican Composite Index declining 1,211.78 points to 433,954.68. The JSE Main Index fell 1,096.63 to 395,736.54 and the JSE Financial Index lost 0.38 points to settle at 99.52.
Investors traded 45 securities, down from 47 on Thursday with 15 rising, 21 declining and nine remaining unchanged. The PE Ratio averages 19.2 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 9,088,136 shares for $177,253,367 from 11,391,248 units at $97,106,816 on Thursday. Transjamaican Highway led trading with 23.1 percent of total volume, after an exchange of 2.10 million shares followed by Sagicor Select Financial Fund with 13.6 percent for 1.24 million units and Grace Kennedy with 11.8 percent after 1.07 million units changed hands.
Trading for the day averaged 201,959 units at $3,938,964 for each security, compared to 242,367 shares at $2,066,102 on Thursday. Month to date trading averaged 303,713 units at $2,203,520, in contrast to 328,734 units at $1,776,771 on Thursday. February closed with an average of 419,015 units at $2,509,660.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints fell $1.10 to end at $13, with 13,205 shares changing hands, Caribbean Cement shed 67 cents to $66.33 after exchanging 24,863 shares. Eppley rose $1.50 to $28, with 84,840 stock units crossing the market, Grace Kennedy declined $1.50 to $88.50 trading 1,068,419 shares, Jamaica Broilers advanced $2.60 to $31 with 383,672 stock units clearing the market, Jamaica Producers rose 30 cents to $20 in trading 25,553 units. Jamaica Stock Exchange rose 86 cents to $18.86 in the transferring of 12,754 stocks, JMMB Group lost 20 cents to finish at $32.80 after an exchange of 110,555 shares, Kingston Properties lost 50 cents in closing at $6.75 trading 4,959 units. Mayberry Investments gained 29 cents to $5.80 after 2,100 stocks crossed the exchange, Mayberry Jamaican Equities climbed 99 cents to $8 in switching ownership of 22,821 stock units, NCB Financial declined $3.21 to $141 after trading 55,701 units. 138 Student Living lost 40 cents to close at $5.60 in an exchange of 100 units, Palace Amusement dropped $83.28 to close at $801.72, after exchanging 73 units, PanJam Investment rose $2 to $68 with the swapping of 19,468 stock units, Proven Investments climbed 71 cents to $33.91 trading 84,673 units. Sagicor Group shed 60 cents to $50.50 in switching ownership of 131,285 stock units. Salada Foods fell 50 cents to $44 with an exchange of 1,700 stocks, Scotia Group climbed $2.99 to $43 trading 565,293 shares, Supreme Ventures lost 64 cents to close at $15.31 in exchanging 11,850 units and Wisynco Group fell 33 cents to $15.90 and finishing trading of 133,175 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Gains for JSE main market

March 4, 2021 by IC Insider.com

Stocks moved mostly higher at the close of trading on Thursday as funds chasing stocks climbed 64 percent over Wednesday and leading the main indices higher after 30 percent fewer shares were exchanged than on Wednesday on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index rose 1,755.38 points to 435,166.46, the Main Index gained 1,609.90 points to 396,833.17, but the JSE Financial Index lost 0.17 points to settle at 99.90.
Investors traded 47 securities, up from 40 on Wednesday and closed with 20 rising, 17 declining and 10 remaining unchanged. The PE Ratio averages 19.2 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 11,391,248 shares for $97,106,816 versus 16,449,582 units at $59,313,530 on Wednesday. Wigton Windfarm led trading with 28.8 percent of total volume, after exchanging 3.28 million shares followed by Transjamaican Highway with 25.2 percent for 2.88 million units, Sterling Investments 14.4 percent. with 1.64 million units and Sagicor Select Financial Fund with 12.5 percent for an exchange of 1.42 million units.
Trading for the day averaged 242,367 units at $2,066,102, compared to 411,240 shares at $1,482,838 on Wednesday. Month to date trading averaged 328,734 units at $1,776,771, in contrast to 358,582 units at $1,676,782 on Wednesday. February closed with an average of 419,015 units at $2,509,660.
Investor’s Choice bid-offer indicator shows twelve stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Berger Paints rose 65 cents to $14.10 trading 200 shares, Caribbean Cement lost 20 cents to $67 after exchanging 39,426 units, Carreras gained 27 cents to close at a 52 weeks’ high of $8, with a transfer of 105,183 stock units. Eppley fell $1.70 to $26.50, with the swapping of 19,020 units, First Rock Capital finished 75 cents higher at $16, with 55,350 units crossing the market, Grace Kennedy slipped 98 cents to $90 trading 25,817 stocks. Jamaica Broilers fell 34 cents to $28.40 with 199,980 shares clearing the market, Jamaica Producers slipped 30 cents to $19.70, after an exchange of 51,994 units. Mayberry Investments gained 22 cents to $5.51, with 54,469 shares changing hands. Mayberry Jamaican Equities declined 99 cents to $7.01 after switching ownership of 4,300 stocks, MPC Caribbean Clean Energy climbed $4 to $154 after exchanging 21 shares, NCB Financial advanced $3.21 to $144.21 transferring 231,896 units. 138 Student Living gained 40 cents to end at $6, with 52 shares changing hands, PanJam Investment rose $1.90 to $66 in exchanging 31,927 stock units, Proven Investments dropped $5.80 to $33.20 trading 24,484 shares. Sagicor Group shed 80 cents to $51.10 with the swapping of 74,129 stock units, Salada Foods rose $5.99 to $44.50 in an exchange of 38 units. Scotia Group fell $2.49 to end at $40.01 trading 40,887 shares, Seprod declined $1.77 to $68.23 in a transfer of 74,108 stock units, Sterling Investments lost 23 cents to end at $2.77 in exchanging 1,643,311 units. Supreme Ventures rose 95 cents to $15.95 trading 36,943 shares and Wisynco Group gained 23 cents to $16.23, with 25,585 units changing hands.
In the preference segment, 138 Student Living preference share shed 90 cents in closing at $4.20 trading 800 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Stocks give up some gains Wednesday

March 3, 2021 by IC Insider.com

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Stocks gave back some of Tuesday’s gains bring the year to date gains to zero when the Jamaica Stock Exchange Main Market ended trading on Wednesday, with the market declining even as more stocks advanced than declined after an exchange of 15 percent more shares with an 11 percent lower value than on Tuesday.
The All Jamaican Composite Index fell 2,201.29 points to 433,411.08, the Main Index dropped 1,957.22 points to 395,223.27 and the JSE Financial Index lost 0.51 points to settle at 100.07.
Investors traded 40 securities, down from 47 on Tuesday and closed with 18 rising, 12 declining and 10 remaining unchanged. The PE Ratio averages 19.2 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 16,449,582 shares for $59,313,530 compared to 14,255,372 units at $66,739,337 on Tuesday. Wigton Windfarm led trading with 36.1 percent of total volume, after an exchange of 5.94 million shares, followed by Transjamaican Highway with 29 percent for 4.78 million units, QWI Investments chipped in with 10.1 percent after 1.66 million units traded and Sagicor Select Financial Fund with 6.9 percent of the day’s trade for 1.14 million units.
Trading averaged 411,240 units at $1,482,838 for each security, compared to an average of 303,306 shares at $1,419,986 on Tuesday. Trading month to date averaged 358,582 units at $1,676,782 for each security, in contrast to 336,641 units at $1,757,591 on Tuesday. February closed with an average of 419,015 units at $2,509,660.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and two with lower offers.
Barita Investments rose $1.25 to end at $81.25 trading 3,179 shares, Berger Paints rose 24 cents in closing at $13.45, after exchanging 4,677 stock units, Caribbean Cement shed $2.30 to close at $67.20 in transferring 39,713 shares. Carreras gained 20 cents to finish at $7.73, with 53,050 units changing hands, Eppley Caribbean Property Fund advanced $1 to $41 after an exchange of 2,181 shares. First Rock Capital gained 25 cents to settle at $15.25 trading 56,515 stock units, Grace Kennedy rose $1.98 to $90.98, with the swapping of 119,902 shares, Jamaica Broilers ended 24 cents higher at $28.74 after the transfer of 25,562 units. JMMB Group rose 22 cents to $32.90 in an exchange of 55,700 units, Kingston Wharves shed 60 cents to $45, with shareholders switching ownership of 40,328 shares. NCB Financial declined $1 to $141, with 53,913 stock units crossing the market, Palace Amusement dropped $67.03 to $885, with 210 units changing hands, PanJam Investment finished 90 cents lower at $64.10 trading 8,674 stock units. Proven Investments advanced $1.75 to $39, with an exchange of 35,591 stocks, Sagicor Real Estate Fund rose 43 cents to $8.35 with the swapping of 15,997 shares, Salada Foods declined $2.99 to $38.51 with 8,295 units clearing the market. Stanley Motta gained 34 cents to close at $5.35 after exchanging 212 units and Supreme Ventures fell $1.20 to $15 in transferring 90,750 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Market takes a breather in the move higher

March 2, 2021 by IC Insider.com

After moving aggressively on Monday, stocks gave back some of Monday’s gains at the close of trading on the Jamaica Stock Exchange Main Market on Tuesday, with just over half the stocks traded declining with 34 percent fewer funds changing 21 percent fewer shares than on Monday.
The All Jamaican Composite Index declined 1,342.33 points to 435,612.37, the Main Index shed 1,189.08 points to 397,180.49, and the JSE Financial Index gained 0.23 points to settle at 100.58.
Investors traded 47 securities changing hands, down from 49 on Monday and closed with 10 stocks rising, 25 declining and 12 remaining unchanged. The PE Ratio averages 19.1 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders moved 14,255,372 shares for $66,739,337 down from 18,062,183 units at $101,989,445 on Monday. Wigton Windfarm led trading with 52.3 percent of total volume after exchanging 7.45 million shares, followed by Pulse Investments with 12.4 percent for 1.76 million units and Transjamaican Highway with 8.1 percent of the day’s trade for 1.16 million units.
Trading for the day averaged 303,306 units at $1,419,986, compared to 368,616 shares at $2,081,417 on Monday. The month to date averaged 336,641 units at $1,757,591 to February with an average of 419,015 units at $2,509,660.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close, Barita Investments dropped $1.17 to $80 to finish with a transfer at 25,533 shares. Berger Paints shed 99 cents to $13.21, with 3,567 shares crossing the exchange. Caribbean Cement fell 50 cents to $69.50 trading 17,782 stocks, Jamaica Producers fell 50 cents to $19.95, with 13,179 stocks changing hands. Jamaica Stock Exchange ended $1.50 lower at $18 after 80,328 stock units crossed the exchange, Kingston Wharves shed 60 cents to settle at $45.60 trading 18,334 units, Mayberry Investments slipped 40 cents to $5.29 trading 8,864 stock units, Mayberry Jamaican Equities advanced $1.03 to $8 in switching ownership of 216,359 stock units. MPC Caribbean Clean Energy climbed $5 to $150 after exchanging 73 shares, NCB Financial Group declined $1.33 in closing at $142, with 148,747 stock units changing hands, 138 Student Living rose 30 cents to $5.60, exchanging 20,286 stocks, Palace Amusement climbed $151.03 to $952.03 trading 30 shares. Portland JSX shed $1.40 to close at $7.10 in transferring 6,500 stocks, Proven Investments fell $2.15 to $37.25, after an exchange of 26,284 units, Sagicor Group advanced $1.90 to $52, with 20,712 stocks clearing the market. Sagicor Real Estate Fund fell $1.07 to $7.92 in a transfer of 379 stocks, Salada Foods rose 50 cents to $41.50 after trading 9,418 stocks. Scotia Group climbed $1.50 to $42.50, with 34,379 shares changing hands, Seprod gained 50 cents to end at $70 in trading 9,783 stocks and Stanley Motta shed 34 cents to $5.01, with 16,000 stock units crossing the market.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE majors now new year positive

March 1, 2021 by IC Insider.com

Stocks rising and declining share the honours with 20 each, at the close of trading on Monday leaving to the Jamaica Stock Exchange Main Market to close above Friday’s close with the volume of shares traded falling 51 percent and values down 9 percent to Friday.
Several stocks posted strong gains leading the market into positive for the year to date, for only the second time since the start of the year, with January 5th being the only other day the market recorded gains over the 2020 close. The All Jamaican Composite Index climbed 4,304.98 points to 436,954.70 at the close, the Main Index advanced 3,840.76 points to 398,369.57, but the JSE Financial Index slipped 037 points to 100.35.
Investors traded 49 Securities, up from 47 on Friday and closed with 20 rising, 20 declining and 9 remaining unchanged. The PE Ratio averages 19.4 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 18,062,183 shares for $101,989,445 compared to 35,675,257 units at $112,526,954 on Friday. Wigton Windfarm led trading with 45 percent of total volume, after an exchange of 8.12 million shares followed by Pulse Investments with 21.4 percent for 3.86 million units, Sagicor Select Financial Fund 7.9 percent for 1.42 million units and Transjamaican Highway with 6.1 percent market share for 1.11 million units.

JSE Main Market recorded gains in 2021 for only the second time for the year when the market closed on Monday.

Trading for the day averaged 368,616 units at $2,081,417, compared to 759,048 shares at $2,394,191 on Friday. February closed with an average of 419,015 units at $2,509,660.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments slipped 33 cents to $81.17, after exchanging 26,461 shares, Berger Paints closed 30 cents higher at $14.20, with 17,723 units changing hands. Caribbean Cement advanced $5 to $70, after the stock surged to $75 in early trading, with the switching of 125,524 stocks, Ciboney Group lost 22 cents to finish at $1.22, with 38,183 shares clearing the market, Eppley advanced $3.40 to $28.40, with the swapping of 24,498 units. First Rock Jamaica lost 30 cents to end at $15 trading 3,126 stocks, Grace Kennedy climbed $4.50 to close at a 52 weeks’ high of $89, with 194,627 shares changing hands. The stock traded upto $95 in response to a strong rise in profit, the company reported for 2020, Jamaica Broilers lost 26 cents to close at $28.74, with an exchange of 24,329 units. Jamaica Producers gained 25 cents to end at $20.45 in swapping 196,833 stocks, Key Insurance rose 76 cents to $4.77 trading 154,642 stock units, Kingston Properties rose $1.41 to $7.25, with 700 units crossing the exchange. Mayberry Investments ended 40 cents higher at $5.69, transferring 7,352 shares, NCB Financial fell 67 cents to $143.33 with an exchanging of 88,291 stock units, 1834 Investments fell 25 cents to 95 cents trading 2,120 units, 138 Student Living shed 70 cents to end at $5.30 while exchanging 1,700 stock units. Palace Amusement dropped $49 to $801, with 683 shares crossing the market, PanJam Investments rose $1 to $65, in an exchange of 13,660 stocks, Portland JSX ended $1.40 higher at $8.50, with the swapping of 2,000 units, Proven Investments climbed $3.40 to $39.40 trading 361 stock units. Sagicor Group declined $2 to finish at $50.10, in switching ownership of 81,964 units, Sagicor Real Estate Fund gained 69 cents to close at $8.99 after 7,200 shares crossed the market, Salada Foods fell $3 to $41 in exchanging 6,514 stocks. Scotia Group declined $1.50 to $41 trading 271,291 units, Seprod gained 50 cents to close at $69.50, with the swapping of 34,072 shares, Supreme Ventures lost 50 cents to finish at $16.40 in switching ownership of 13,711 units and Wisynco Group lost 29 cents to close at $16, in transferring 134,237 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Fesco, JMMB & Sygnus in IC TOP10 stocks

February 28, 2021 by IC Insider.com

IC TOP10 stocks are now based on earnings for 2021/22 fiscal years. Of the January listing, Access Financial Services moved out of the TOP 10 Junior Market list while Main Market QWI Investment and Carreras fell from the Main market list with increased prices.
Coming into the TOP10 are Fesco, the latest IPO that is expected to come to market shortly, with the prospectus having been released but temporarily withdrawn to correct some errors. JMMB Group and Sygnus Credit Investments are now in the TOP10 Main market listing.
Since the start of the year, the Junior Market is up 10.5 percent, with 11 companies’ stock rising between 20 and 63 percent, including four with gains from 49 percent up. The Main Market, on the other hand, is marginally down for the year by less than one percent, with five stocks recording gains between 21 percent and 47 percent and Ciboney rising 500 percent for the year to date.
The Junior Market and the Main Market moves are supported by technical indicators, pointing to robust gains ahead and back up by some companies reporting positive profit results.
This week’s focus: Grace Kennedy had outstanding results for 2020 with much more to come in 2021; expect the price to move sharply over the next few weeks. Caribbean Cement reported a 70 percent rise in profit for 2020 and is projected to earn $6.70 for 2021, the stock is an ideal candidate to move higher in the weeks ahead.
The top three stocks in the Junior Market can gain between 329 to 339 percent are Main Event followed by Elite Diagnostic and Jetcon. With expected gains of 202 to 459 percent, the top three Main Market stocks are Radio Jamaica, followed by Berger Paints and VM Investments.
The local stock market’s targeted average PE ratio is 20 based on profits of companies reporting full year’s results, up to the second quarter of 2021. The Junior and Main markets are currently trading well below the market average, a clear indication of strong gains ahead. The JSE Main Market ended the week, with an overall PE of 14.7 and the Junior Market 9.8 based on ICInsider.com’s projected 2021-22 earnings. The PE ratio for the Junior Market Top 10 stocks average a mere 5.2 at just 53 percent of the market average. The Main Market TOP 10 stocks trade at a PE of 7.1 or 48 percent of the PE of that market.
The average projected gain for the Junior Market IC TOP 10 stocks is 289 percent and 204 percent for the JSE Main Market, based on 2021-22 earnings. IC TOP10 stocks are likely to deliver the best returns up to March 2021 and ranked in order of potential gains, based on likely gain for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. Revisions to earnings per share are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated Tagged With: Access Financial, Berger Paints, Caribbean Assurance Brokers, Caribbean Producers, Carreras, Daily Trading, Emerging markets, FESCO, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Laco Distributors, Lasco Financial, Main Event, Medical Disposables, PANJAM Investment, Radio Jamaica, Scotia Group, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

February ends on a high note

February 26, 2021 by IC Insider.com

Trading climbed on Friday with an exchange of 124 percent more shares valued 77 percent more than on Thursday as more stocks rose than declined on the Jamaica Stock Exchange Main Market and ending with the market indices closing higher than the January close, almost wiping out the loss suffered since the start of the year.
The market should move higher during the coming week following record breaking results by Grace Kennedy with earnings of $6.26 that suggests the price should climb to over $100 and Caribbean Cement with record earnings of $3.76 and a likely price of $75. Technical indicators are also pointing to a run in the market to 437,000 points on the All Jamaica Composite Index in the short term.
At the close, the All Jamaican Composite Index advanced 2,408.76 points to 432,649.72, the Main Index climbed 2,126.52 points to 394,528.81 and the JSE Financial Index gained 0.78 points to settle at 100.72.
Trading ended with 47 active securities, the same as on Thursday and closed with prices of 21 rising, 15 declining and 11 remaining unchanged. The PE Ratio averages 17.1 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 35,675,257 shares for $112,526,954 compared to 15,923,380 units at $63,507,779 on Thursday. Wigton Windfarm led trading with 63.1 percent of total volume, after 22.50 million shares changed hands following comments from the company’s Managing Director, Earl Barrett, that the rate to be paid for energy produced by their phase two wind turbine will fall from 13 US cents to 5.6 us cents per Kilowatt hour effective April. Sagicor Select Financial Fund followed with 12.9 percent for 4.60 million units, Pulse Investments 8.1 percent, with 2.88 million units, Ciboney Group chipped in for 3.7 percent with 1.32 million units and Key Insurance 3.4 percent trading 1.23 million units.
Trading for the day averaged 759,048 units at $2,394,191, Thursday ended with an average of 338,795 shares at $1,351,229. Trading month to date averaged 419,015 units at $2,509,660 for each security, in contrast to 399,667 units at $2,516,231 on Thursday. January closed with an average of 311,275 units at $1,432,133.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of trading, Barita Investments gained 36 cents to end at $81.50, after trading 10,772 shares, Caribbean Cement climbed $2.51 to $65, with the swapping of 60,748 stocks. Carreras lost 34 cents in closing at $7.41, in a transfer of 97,841 units, Ciboney Group dropped 36 cents to $1.44, with 1,316,248 shares crossing the exchange, Eppley fell $2.10 to $25, with the swapping of 21,424 units. Grace Kennedy advanced $3.50 to a 52 weeks’ high of $84.50, with 30,224 shares clearing the market, Jamaica Broilers gained 20 cents to close at $29, with 235,232 stock units changing hands, Jamaica Stock Exchange climbed $1.60 to $19.60, after the swapping of 61,828 stocks. Key Insurance shed 79 cents to $4.01, trading 1,226,874 stock units, Kingston Properties declined $1.33 to $5.84 in 5,835 units crossing the exchange. MPC Caribbean Clean Energy dropped $10 to $145 after exchanging 260 stocks, NCB Financial climbed $3 to close at $144, transferring 78,611 shares, 138 Student Living rose 90 cents to $6 exchanging 3,210 stock units, Sagicor Group rose 50 cents to $52.10, in switching ownership of 468,195 stock units. Sagicor Real Estate Fund picked up 48 cents to close at $8.30, after 155,883 shares crossed the market, Salada Foods climbed $3.50 to $44, exchanging 97 stocks. Scotia Group lost 50 cents in ending at $42.50 trading 34,852 units, Seprod shed 54 cents to $69, with the swapping of 8,011 shares, Stanley Motta gained 35 cents to settle at $5.35, with 50 units clearing the market. Sterling Investments ended 36 cents higher at $3 in an exchange of 33,207 stock units and Supreme Ventures climbed $1.60 to $16.90 with 138,316 units changing hands.
In the preference segment, Eppley 8.75% preference shares rose 55 cents to end at $7.40, in exchanging 153 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, NCB Financial, PANJAM Investment, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Ciboney drops 15% on Thursday

February 25, 2021 by IC Insider.com

Ciboney Group price retreated after trading more than 2.5 million shares with the price falling 15 percent from Wednesday’s level on the Jamaica Stock Exchange Main Market on Thursday with the total volume of stocks trading fell 46 percent from Wednesday’s quantity as the value dropped 60 percent.
The All Jamaican Composite Index inched 3.97 points up to 430,240.96 the Main Index rose 15.10 points to 392,402.29, and the JSE Financial Index rose 0.14 points to settle at 99.94.
Trading ended with 47 securities changing hands, the same as on Wednesday and closed with prices of 14 stocks rising, 24 declining and nine ending unchanged.
The PE Ratio averages 16.6 based on ICInsider.com’s forecast of 2020-21 earnings.
Investorss exchanged 15,923,380 shares for $63,507,779 compared to 29,447,608 units at $158,590,501 on Wednesday. Transjamaican Highway led trading with 18.3 percent of total volume, after an exchange of 2.91 million shares followed by QWI Investments controlled 16.9 percent with 2.69 million units, Ciboney Group chipped in 16.1 percent with 2.56 million units. Pulse Investments controlled 11.9 percent of market share for 1.89 million units, Wigton Windfarm with 11.1 percent for 1.77 million units and Key Insurance with 9.4 percent for 1.50 million units.
Trading for the day averaged 338,795 units at $1,351,229, compared to an average of 626,545 shares at $3,374,266 on Wednesday. Trading month to date averages 399,667 units at $2,516,231, versus 403,340 units at $2,586,520 on Wednesday. Trading in January averaged 311,275 units at $1,432,133.
Investor’s Choice bid-offer indicator reading has 10 stocks ending with bids higher than their last selling prices and three with lower offers.
At the close oftrading, Barita Investments fell 36 cents to $81.14, with an exchange of 3,965 shares, Ciboney Group fell 32 cents to $1.80, with 2,562,764 shares crossing the market, Eppley shed 90 cents to end at $27.10, with 345 stocks changing hands, Eppley Caribbean Property Fund closed $1 lower at $40 in exchanging 3,408 units. First Rock Capital advanced 29 cents to $15.29 trading 8,954 shares, Grace Kennedy rose $1 to $81, with the swapping of 29,366 stocks, Jamaica Stock Exchange fell 80 cents to $18 in switching ownership of 52,808 units. Key Insurance declined 20 cents in closing at $4.80, after an exchange of 1,500,426 shares, NCB Financial dipped 40 cents to close at $141 and clearing the market with 66,981 units, Palace Amusement climbed $50 to $850 after exchanging 354 stock units, PanJam Investment fell $1 to $64, with 11,540 stock units changing hands. Portland JSX declined $1.20 to $7.10 in trading 8,000 stocks, Proven Investments closed $1.20 lower at $36 after exchanging 4,285 units, Sagicor Group gained 29 cents to close at $51.60, with the swapping of 4,089 shares. Salada Foods dropped $1 to $40.50 with a transfer of 2,182 shares, Scotia Group gained 50 cents to end at $43, with 15,411 stock units crossing the exchange. Sterling Investments shed 36 cents to $2.64 in exchanging 62,320 stocks, Supreme Ventures dropped 60 cents to close at $15.30, after a transfer of 527,323 units and Sygnus Credit Investments lost 54 cents to close at $14.95 in trading 14,288 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, Global Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Ciboney stunning rise clocks gains of 783%

February 24, 2021 by IC Insider.com

Ciboney continues to create waves in the Jamaican financial market. The price closed at a fresh new multi-year high not seen since 1993. In Wednesday’s trading on the Jamaica Stock Exchange Main Market, the stock last traded at $2.13 with year to date gain of 783 percent.

New record high for the JSE Junior Market.

Trading on Wednesday with the market rising modestly, with 47 securities changing hands, down from 46 on Tuesday and closed with 18 rising, 16 declining and 13 remaining unchanged.
The All Jamaican Composite Index advanced 173.69 points to 430,236.99, the Main Index rose 148.82 points to 392,387.19 and the JSE Financial Index shed 0.33 points to close at 99.80.
The PE Ratio averages 16.9 based on ICInsider.com forecast of 2020-21 earnings.
Some 45 percent more shares traded with a 17 percent dip in value than on Tuesday as 29,447,608 shares traded for $158,590,501 compared to 20,247,118 units at $191,400,586 on Tuesday. Pulse Investments led trading with 47.5 percent of total volume, after 13.98 million shares changed hands, followed by Sagicor Select Manufacturing & Distribution Fund 17.9 percent with 5.27 million, Transjamaican Highway accounted for 13.8 percent with 4.06 million units, Ciboney Group chipped in 5.1 percent for 1.52 million units and Sagicor Select Financial Fund 4.2 percent with 1.25 million units.
Trading for the day averaged 626,545 units at $3,374,266, compared to 440,155 shares at $4,160,882 on Tuesday. Trading month to date averaged 403,340 units at $2,586,520 for each security, in contrast to 389,008 units at $2,535,940 on the prior trading day. Trading in January closed with an average of 311,275 units at $1,432,133.
Investor’s Choice bid-offer indicator reading has eleven stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of trading, Caribbean Cement lost 50 cents to finish at $62.50 in transferring 51,901 shares, Carreras rose 39 cents to $7.70, with the swapping of 211,134 stock units, Ciboney Group closed 41 cents higher at a 36 years record of $2.12, with 1,515,402 units crossing the market. Eppley climbed $3 to $28, with an exchange of 9,867 stock units, Eppley Caribbean Property Fund fell 52 cents to $41, with 8,710 stock units crossing the market, Grace Kennedy advanced $3.50 to $80, with 530,278 units changing hands. JMMB Group gained 44 cents to end at $33, in trading 50,399 shares, Key Insurance ended 39 cents lower at $5, after exchanging 74,836 stock units, Kingston Wharves dipped 30 cents to $46.20, with a transfer of 11,753 stocks. Mayberry Investments lost 21 cents to end at $5.29, after an exchange of 42,700 stock units, Mayberry Jamaican Equities slipped 23 cents to $7, in an exchange of 7,762 shares, 138 Student Living fell $1.40 to $5.10 in exchanging two shares. Palace Amusement fell $199.90 to a 52 weeks’ low of $800, with 380 stocks crossing the market, Sagicor Group gained 31 cents to end at $51.31, in an exchange of 12,316 stocks, Salada Foods rose $1.51 to $41.50, with the swapping of 4,036 shares. Scotia Group closed 75 cents higher at $42.50, with 267,313 stock units crossing the exchange, Seprod advanced $1.54 to $69.54 trading 26,590 shares, Stanley Motta lost 35 cents to close at $5 in exchanging 31,207 units. Sygnus Credit Investments advanced 99 cents to $15.49 after transferring 70,560 stock units and Wisynco Group rose 90 cents to $16.45, with investors switching ownership of 73,639 shares.