Scotia Group — Page 146

JSE main market down again

September 17, 2019 by IC Insider.com

The Jamaica Stock Exchange ended with 18 rising, 12 with losses and 4 traded firm as a total of 34 securities traded on Tuesday compared to 33 trading on Monday.
The market closed with the JSE All Jamaican Composite Index declining 1,054.51 points to end at 564,115.52, the JSE Index dropped 1,119.61 points to 513,440.26 and the JSE Financial Index lost 0.46 points to close at 140.14.
Market activity ended with 39,479,470 units valued at $797,391,912, in contrast to 86,270,254 units valued at $128,945,815 on Monday.
Wigton Windfarm led trading with over 20 million shares for 52 percent of total volume, followed by Caribbean Cement with 5 million units accounting for 13 percent of the day’s trade and Sagicor Select Fund with over 4 million shares for 11 percent of the main market’s volume.
The Market closed with an average of 1,161,161 units valued at an average of $23,452,703 for each security traded. In contrast to 2,875,675 units for an average of $4,298,194 on Monday. The average volume and value for the month to date amounts to 919,467 units valued at $7,873,621 and previously an average of 899,570 shares for $6,472,327 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and 3 with lower offers.
In main market activity, Barita Investments gained 80 cents to settle at $74 with 25,856 shares changing hands, Caribbean Cement slipped $3.19 to end at $76.81 with 5,007,970 stock units trading. Eppley Caribbean Property Fund dropped $1.90 to end at an all-time low of $38 while trading 1,610 shares, Jamaica Broilers lost $1.55 to settle at $32.45 with 1,000,993 shares changing hands, Jamaica Stock Exchange declined by $1 to end at $26, trading 25,902 shares. JMMB Group gained 80 cents to settle at $48 with 10,426 shares changing hands. Kingston Wharves lost $1.99 to end at $62.01, in trading 4,138 shares, Mayberry Jamaican Equities lost $1 to end at $11.50, trading 3,000 shares, NCB Financial rose $4 to end at $213, with an exchange of 532,498 stock units, Panjam Investment rose 98 cents in trading of 12,485 units to close at $101.98. Sagicor Group added 49 cents to settle at $71.50 with 37,183 shares changing hands, Scotia Group fell 49 cents to close at $57 with an exchange of 23,164 shares, Seprod lost $2.50 to settle at $54 with 34,752 shares changing hands and Wisynco Group gained 50 cents in trading 133,235 shares at $25.
Trading in the US dollar market ended with 6,994 units valued at US$1,430 as Proven Investments traded 4,742 units at 26 US cents followed by Sterling Investments gained 1.6 US cents to close at 3.8 US cents and Margaritaville closed 3 US cents higher to settle at 52 weeks’ high of 28 US cents. The JSE USD Equities Index gained 4.82 points to close at 199.27.

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

IC TOP 10 MPC hits new record high

September 17, 2019 by IC Insider.com

Prices pulled back during the past week but the new IC TOP 10 BUY RATED main market stocks MPC Caribbean Energy surged to an all-time high of $153.06 and is still in the TOP 10 and seems poised to move higher with no sellers in sight.
Seprod returns and Scotia Group moved out to be the only changes to the main market list. Jetcon Corporation, Caribbean Cream and Caribbean Flavours return to the Junior Market TOP 10 replacing CAC 2000, Dolphin Cove and Jamaican Teas.
The three most attractive Junior Market stocks are Iron Rock with projected gains of 257 percent, followed by Caribbean Producers with likely gains of 237 percent and tTech with projected gains of 208 percent.
Radio Jamaica closed the week with projected gains of 138 percent as the leading main market stock followed by Berger Paints with projected gains of 132 and Carreras with projected gains of 112 percent.
The main market, closed the week with the overall PE of 17.7 down from 18.3 the previous week and the Junior Market is down to 11.6 from 12.1 based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 7.7 compared to 8.4 the previous week and the main market PE is now 10.5. These levels of PE ratios point to big upside for TOP 10 stocks.
The TOP 10 stocks now trade at an average discount of 33 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 to March next year. 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 an interest in the securities commented on.

Filed Under: Buy Rated Tagged With: Berger Paints, Caribbean Producers, Carreras, Daily Trading, Emerging markets, Express Catering, General Accident, Grace Kennedy, Iron Rock Insurance, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Lasco Financial, Main Event, Medical Disposables, MPC Caribbean Clean Energy, Radio Jamaica, Scotia Group, Seprod, Stocks to Watch, Sygnus Investments, TOP 10 stocks, Trading Activity, tTech

JSE main market inched higher – Monday

September 16, 2019 by IC Insider.com

The Jamaica Stock Exchange ended trading on Monday with the All Jamaican Composite Index rising 416.43 points to close at 565,170.03, the JSE Index rose 377.32 points to 514,559.87 and the JSE Financial Index inched 0.37 points to 140.60.
At the close of trading, 7 securities advanced, 12 declined and 14 traded firm as a total of 33 securities in the main and US dollar markets compared to 32 on Friday. Market activity ended with 86,270,254 units valued at $128,945,815, in contrast to 23,486,112 units at $198,066,208 on Friday.
Wigton Windfarm led trading with 80 million shares for 93 percent of total volume, followed Sagicor Select Fund with 4.6 million units accounting for 5 percent of the day’s trade and Supreme Ventures with 296,337 shares for less than 1 percent of the main market’s volume.
The Market closed with an average of 2,875,675 units valued at an average of $4,298,194 for each security traded. In contrast to 671,032 units for an average of $5,659,034 on Friday. The average volume and value for the month to date amounts to 899,570 units valued at $6,472,327 and previously 744,783 units valued at $6,659,753 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 3 with lower offers.
In main market activity, Caribbean Cement lost $3 to end at $80 with 6,658 stock units trading. Carreras lost 25 cents to close at $8.25 with 50,107 changing hands, Jamaica Stock Exchange gained $1.50 to end at $27, trading 2,300 shares. JMMB Group lost $1.70 to settle at $47.20 with 19,065 shares changing hands. Mayberry Jamaican Equities gained 50 cents to end at $12.50, after trading 1,200 shares, NCB Financial dropped $4 to end at $209, with an exchange of 28,586 stock units. Seprod gained $3 to settle at $56.50 with 112,050 shares changing hands, Sygnus Credit Investments declined $2 in trading 13,779 shares at $23 and Wisynco Group closed trading of 101,447 units and gained $1.50 to end at $24.50.
Trading in the US dollar market ended with 5,850 units valued at US$1,736. Proven Investments traded 3,600 units and gained 1 cent to end at 26 US cents followed by Sygnus Credit Investments with 2,000 units changing hands at 15 US cents and JMMB Group 5.5% preference shares with 250 units to settle at US$2. The JSE USD Equities Index gained 3.74 points to close at 194.45.

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, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE main market index rise – Friday

September 13, 2019 by IC Insider.com

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The Jamaica Stock Exchange ended trading on Friday with the JSE All Jamaican Composite Index rising 1,052.67 points to 564,753.60 even as declining stocks exceeded those rising.
The JSE Index climbed 890.78 points to 514,182.55 and the JSE Financial Index gained 0.24 points to close at 140.23. At the close of trading, 9 advanced, 13 declined and 14 traded firm as 36 securities in the main and US market compared to 37 on Thursday. Trading in the main market ended with 23,486,112 units valued at $198,066,208, in contrast to 18,740,935 units valued at over $117,219,686 on Thursday.
Wigton Windfarm led trading with 11.6 million shares for 49 percent of total volume, followed Sagicor Select Fund with 9 million units accounting for 39 percent of the day’s trade and NCB Financial Group with 553,993 shares for 2 percent of the main market’s volume.
The Market closed with an average of 671,032 units valued at an average of $5,659,034 for each security traded. In contrast to 506,512 units for an average of $3,168,100 on Thursday. The average volume and value for the month to date amounts to 744,783 units valued at $6,659,753 and units previously 752,201 units valued at $6,771,654 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and 5 with lower offers.
In main market activity, Barita Investments lost $1 to settle at $74 with 25,856 shares changing hands, with 260 stock units trading, Berger Paints declined 40 cents to end at $18.05, in trading 6,363 shares, hands, Caribbean Cement gained $5.50 to end at $83 with 4,589 stock units trading. Eppley Caribbean Property Fund dropped $5.09 to end at an all-time low of $39.90 while trading 208 shares, Jamaica Producers lost 54 cents to settle at $23.51 with 9,190 shares changing hands, Jamaica Stock Exchange gained 94 cents to end at $25.50, trading 123,004 shares. JMMB Group gained 90 cents to settle at $48.90 with 364,022 shares changing hands. Mayberry Investments lost 49 cents to end at $8.81 with 185,343 stock units trading, Mayberry Jamaican Equities shed 48 cents to end at $12, trading 21,617 shares, MPC Caribbean Energy gained $22.66 to end at all-time high of $153.06, in trading 520 shares, NCB Financial rose $4 to end at $213, with an exchange of 553,993 stock units. Sagicor Group fell $1.49 to settle at $71.01 with 6,406 shares changing hands, Salada Foods fell 50 cents to close at $32 with an exchange of 3,571 shares, Seprod lost 50 cents to settle at $54 with 64,415 shares changing hands and Sygnus Credit Investments rose $1 in trading 214,718 shares at $25.
The JSE USD Equities Index closed at 190.71 as Sygnus Credit Investments was the only stock trading in the market with 190,000 units valued at US$28,500 to close at 15 US cents.

More declines for JSE main market – Thursday

September 12, 2019 by IC Insider.com

The Jamaica Stock Exchange ended trading on Thursday with The JSE All Jamaican Composite Index dropping 4,474.99 points to end at 563,700.93, the JSE Index declined by 3,932.73 points to 513,291.77.
The JSE Financial Index fell 1.84 points to close at 139.99. At the close of trading, 17 advanced, 15 declined and 5 traded firm as a total of 39 securities traded in the main and US markets compared to 36 securities trading on Wednesday. Market activity ended with 18,740,935 units valued at over $117,219,686, in contrast to 50,725,660 units valued at $109,446,038 on Wednesday.
Sagicor Select Fund led trading with 11.8 million shares for 63 percent of total volume, followed Wigton Windfarm with 3 million units accounting for 16 percent of the day’s trade and JMMB Group 7.50% preference share with 1 million shares for 5 percent of the main market’s volume.
The Market closed with an average of 506,512 units valued at an average of $3,168,100 for each security traded. In contrast to 1,449,305 units for an average of $3,127,030 on Wednesday. The average volume and value for the month to date amounts to 752,201 units valued at $6,771,654 and previously 781,431 units valued at an average of $7,254,739.
The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ended with bids higher than their last selling prices and 13 with lower offers.
In main market activity, Caribbean Cement declined by $1.50 to settle at $77.50 with 34,432 shares changing hands, Eppley Caribbean Property traded 200 shares after rising $1.99 to close at a low of $44.99, Jamaica Stock Exchange lost $1.44 to settle at $24.56 with 584,070 shares changing hands. JMMB Group shed $1.45 to settle at $48 with an exchange of 68,148 units, Kingston Wharves gained 99 cents to end at $64, trading 3,470 shares, Mayberry Jamaican Equities gained 48 cents to end at $12.48, trading 100 shares. MPC Caribbean Energy gained $22.66 to end at $153.06, trading 520 shares, NCB Financial slipped $3.05 to end at $209, with an exchange of 65,205 stock units, Panjam Investment fell 40 cents to settle at $101 with 188,107 shares changing hands. Pulse Investments added 70 cents to close at $3.60 with an exchange of 197,642 shares, Scotia Group exchanged 236,649 shares after rising by 80 cents to end at $57.30, Seprod climbed $2.75 to settle at $54 with 64,415 shares changing hands, Sygnus Credit Investments rose $2 in trading 68,673 shares at $24 and Wisynco traded 383,221 shares and rose $1 to close at $23.
Traded in the US dollar market ended with 9,585 units valued at $9,015 trading and ended with JMMB Group 6% preference share with a gain of 1 cent to end at US$1.01 trading 8,615 shares and Proven Investments trading 970 shares rose to settle at 25 US cents. The JSE USD Equities Index declined by 3.74 points to close at 190.71.

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

More decline for JSE main market – Wednesday

September 11, 2019 by IC Insider.com

The Jamaica Stock Exchange main market closed down on Wednesday, with advancing outpaced by declining stocks for the second consecutive day as some investors seek cash to buy into a new IPO that is on offer in the market.
The market ended, with 36 securities trading in the main and US dollar markets, leading to 11 advancing, 15 declining and 10 trading to close with no price change, compared to 35 securities trading on Tuesday.
The All Jamaican Composite Index declined by 560.38 points to close at 568,175.92, the JSE Index shed 594.41 points to 517,224.50 and the JSE Financial Index rose 0.24 points to end at 141.83.
Market activity led to 50,725,660 units valued at $109,446,038 changing hands, in contrast to 25,607,960 units valued at $336,490,907 crossing the main market on Tuesday.
Wigton Windfarm led trading with 30.8 million shares for 61 percent of total volume, followed by Sagicor Select Fund with 10.4 million units accounting for 21 percent of the day’s trade and JMMB Group 7.5% preference share with 6.7 million shares for 12 percent of the main market’s volume.
Trading closed with an average of 1,449,305 units valued at an average of $3,127,030 for each security traded. In contrast to 800,249 units valued at an average of $10,515,341 on Tuesday, for each security traded on Friday. The average volume and value for the month to date amounts to 81,431 shares valued at $7,254,739 for every security traded, compared to 696,737 shares valued at $7,854,199 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 12 stocks ending with bids higher than their last selling prices and 4 with lower offers.
In main Market activity, Berger Paints lost 50 cents to settle at $18.50 with 19,976 shares crossing the exchange, Caribbean Cement dived $1.01 to settle at $79 with 94,318 shares changing hands, Eppley lost $2 to settle at $14 with 702 shares changing hands, Eppley Caribbean Property traded 450 shares and lost $3 to close at a low of $43. Grace Kennedy rose $1.75 to end at $69.75 trading 72,257 shares, Jamaica Producers gained 49 cents to settle at $24 trading 4,353 shares, Jamaica Stock Exchange gained $1 to settle at $26 with 15,234 shares changing hands. JMMB Group added $1.45 to settle at $49.45 with an exchange of 39,868 units, NCB Financial slipped $1.95 to end at $212.05, with an exchange of 65,234 stock units, Pulse Investments lost 50 cents to close at $2.90 while just 2,400 shares were exchanged, Sagicor Group exchanged 21,005 shares after declining by 35 cents to end at $72.50, Sygnus Credit Investments gained 40 cents in trading 67,351 shares at $22 and Wisynco traded 290,312 shares but lost $2.501 to close at $22.
Trading in the US securities market resulted in 1,000,000 units valued at US$150,000 changing hands with Sygnus Credit Investments being the sole stock trading to close at 15 US cents. The JSE USD Equities Index rose 0.09 points to end at 194.45.

51% of JSE main market stocks fall

September 10, 2019 by IC Insider.com

The Jamaica Stock Exchange main market closed higher on Tuesday, with advancing outpaced by declining stocks two to one.
The market ended, with 35 securities trading in the main and US dollar markets, leading to 8 advancing, 18 declining and 9 unchanged, compared to 37 securities trading on Friday.
The All Jamaican Composite Index advanced 944.53 points to close at 568,736.30, the JSE Index gained 594.41 points to 517,224.50 and the JSE Financial Index rose 1.06 points to end at 141.59.
Market activity lead to 25,607,960 units valued at $336,490,907 changing hands, in contrast to 25,996,401 units valued $339,872,230 crossing the main market on Monday.
Supreme Ventures led trading with 10 million shares for 39 percent of total volume, followed Wigton Windfarm with 7 million units accounting for 27 percent of the day’s trade and Sagicor Select Fund with 6.7 million shares for 26 percent of the main market’s volume as the price closed at an all-time low of $1.17.
Trading closed with an average of 800,249 units valued at an average of $10,515,341 for each security traded. In contrast to 764,600 units for an average of $9,996,242 on Monday, for each security traded on Friday. The average volume and value for the month to date amounts to 696,737 shares valued at $7,854,199 for every security traded, compared to 683,161 shares valued at $7,446,752 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 12 stocks ending with bids higher than their last selling prices and 8 with lower offers.
In main market activity, Berger Paints lost $1.60 to settle at $19 with 8,200 shares crossing the exchange, Caribbean Cement dived $4.99 to settle at $80.01 with 23,040 shares changing hands, Grace Kennedy lost 40 cents to end at $68 with 15,689 shares changing hands. Jamaica Broilers climbed $1 to settle at $34 with 38,062 shares changing hands, Jamaica Producers lost $1.49 to settle at $23.51 trading 17,342 shares, Jamaica Stock Exchange declined 50 cents to settle at $25 with 105,815 shares changing hands. JMMB Group lost 25 cents to settle at $48 with an exchange of 53,449 shares, Kingston Properties lost 35 cents to end at $5.62, in trading 10,200 stock units, Kingston Wharves traded 3,368 shares but dropped 99 cents in closing at $63.01. Mayberry Jamaican Equities dropped $1.10 to end at $12, trading 17,374 shares, NCB Financial climbed $2 to end at $214, trading 58,922 shares, Sagicor Group exchanged 26,619 stock units after gaining 85 cents to end at $72.85. Scotia Group traded 6,652 shares but fell $1 to $56.50, Seprod declined by $3.99 to settle at $51.01 with 44,831 shares changing hands, Sygnus Credit Investments rose 34 cents in trading 190,609 shares at $21.60 and Wisynco traded 161,584 shares and gained $1 to close at $24.50.
Trading in the US securities market resulted in 235,741 units valued at US$36,978 changing hands with JMMB Group 6% preference share with 1,550 units and lost 2 cents to close at US$1.02, Proven Investments rose by 1 cent in closing at 26 US cents in exchanging 4,258 shares and Sygnus Credit Investments trading 229,933 shares at 15 US cents after adding one cent. The JSE USD Equities Index rose 1.48 points to end at 194.36.

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 Properties, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

12 all for JSE main market stocks – Monday

September 9, 2019 by IC Insider.com

The Jamaica Stock Exchange main market closed lower on Monday, with advancing and declining stocks being equal as recently listed Eppley Property Fund, closed at the lowest point since listing.
The market ended, with 37 securities trading in the main and US dollar markets, leading to 12 gaining, 12 declining and 13 with no price change, compared to 37 securities trading on Friday.
The All Jamaican Composite Index dropped 3,282.91 points to end at 567,791.77, the JSE Index declined by 2,986.09 points to close at 516,963.09 and the JSE Financial Index fell 1.49 points to end at 140.53.
Market activity lead to 25,996,401 units valued $339,872,230 changing hands, in contrast to 14,157,264 units valued at $123,207,133 crossing the main market on Friday.
Wigton Windfarm led trading with 14 million shares for 54 percent of total volume, followed JMMB Group with 4.8 million units accounting for 18 percent of the day’s trade and Sagicor Select Fund with 3.7 million shares for 14 percent of the main market’s volume.
Trading closed with an average of 764,600 units valued at an average of $9,996,242 for each security traded. In contrast to 404,493 units for an average of $3,520,204 on Friday for each security traded on Friday. The average volume and value for the month to date amounts to 683,161 shares valued at $7,446,752 for every security traded, compared to 803,971 shares valued at $6,951,422 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than their last selling prices and 8 with lower offers.
In main Market activity, Berger Paints climbed 60 cents to settle at $20.60 with 13,200 shares crossing the exchange, Caribbean Cement climbed $4 to settle at $85 with 12,500 shares changing hands, Eppley Caribbean Property Fund lost $1 to end at a 52 weeks’ low of $46 with trading of 2,000 shares. Grace Kennedy lost $1.60 to end at $68.40 with 31,904 stock units changing hands. JMMB Group lost 25 cents to settle at $49.50 with an exchange of 4,761,853 shares, Jamaica Producers gained $1 to settle at $25 trading 21,981 shares, Mayberry Investments climbed 50 cents to settle at $9.50 with 24,200 shares changing hands. Mayberry Jamaican lost 40 cents to end at $13.10, trading 7,505 shares, Panjam Investment fell 50 cents to end at $101.50, trading 9,642 shares, Proven Investments gained 40 cents to end at $37.50, trading 5,708 shares, Seprod declined by $2 to settle at $55 with 4,745 shares changing hands, Supreme Ventures ended with a rise of $1 to $27 with 35,776 stock units trading and Sygnus Credit Investments lost 64 cents in trading 128,354 shares at $21.26.
Trading in the US securities market resulted in 154,913 units valued at over $47,764 changing hands with JMMB Group 6% preference share exchanging 14,000 units and rising 3 cents to close at US$1.04, Proven Investments rose slightly in closing at 25.01 US cents in exchanging 113,713 shares and Sygnus Credit Investments trading 27,200 shares at 14 US cents after falling by a cent. The JSE USD Equities Index lost 1.17 points to end at 192.88.

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 Properties, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Big surprise entry to IC TOP 10

September 8, 2019 by IC Insider.com

IC TOP 10 BUY RATED main market stocks got a surprise entry as MPC Caribbean Energy surged into the top list for the first time to sit at fourth position at the expense of Seprod.
There was no other change in the main market list but the Junior Market IC Insider.com TOP 10 had two new entrants with CAC 2000 returning after a week’s absence, along with Dolphin Cove. They replaced Access Financial and Express Catering with the prices of both moving higher by the end of the week.
MPC is making the top list after the company reported profit of US$126,746 or the June quarter before the company’s investment in the solar plant in Westmoreland, Jamaica, starts contributing full quarterly revenues and profit.
The three most attractive Junior Market stocks are Caribbean Producers with projected gains of 233 percent, followed by Iron Rock with likely gains of 200 percent and General Accident with projected gains of 188 percent.
Radio Jamaica inched to $2.13 at the close of the week leaving it with projected gains of 135 percent and the leading main market stock with the highest likely gains followed by Carreras with projected gains of 112 and Berger Paints with projected gains of 110 percent after the stock closed the week at $20.
The main market closed the week with the overall PE of 18.3 and the Junior Market remains at 12.1 current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.4 and the main market PE is now 10.2. These levels, point to big upside for TOP 10 stocks to the end of March next year and Junior Market stocks in particular as they lag, the values of the main market by a third.
The TOP 10 stocks now trade at an average discount of 34 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 44 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns to March next year. 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 an interest in the securities commented on.

Filed Under: Buy Rated Tagged With: Berger Paints, Caribbean Producers, Carreras, Daily Trading, Emerging markets, Express Catering, General Accident, Grace Kennedy, Iron Rock Insurance, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Lasco Financial, Main Event, Medical Disposables, MPC Caribbean Energy, Radio Jamaica, Scotia Group, Seprod, Stanley Motta, Stocks to Watch, Sygnus Investments, TOP 10 stocks, Trading Activity, tTech

JSE main market rises – Friday

September 6, 2019 by IC Insider.com

The Jamaica Stock Exchange main market moved higher on Friday, with declining stocks just edging out advancing ones.
The market ended, with 37 securities trading in the main and US dollar markets, leading to 13 advancing, 14 declining and 10 trading firm, compared to 37 securities trading on Thursday.
The All Jamaican Composite Index climbed 2,830.80 points to close at 571,074.68, the JSE Index added 2,570.52 points to end at 519,949.18 and the JSE Financial Index rose 1.65 points to end at 142.02.
Market activity lead to 14,157,264 units valued at $123,207,133 changing hands, in contrast to 9,158,146 units valued $118,719,755 crossing the main market on Thursday.
Wigton Windfarm took over volume leadership by trading 8.4 million shares for 59 percent of total volume, Sagicor Select Fund followed with 2 million units accounting for 14 percent of the day’s trade and Jamaica Stock Exchange with 1.1 million shares for 8 percent of the main market’s volume.
Trading closed with an average of 404,493 units valued at an average of $3,520,204 for each security traded. In contrast to 261,661 units for an average of $3,391,993 for each security traded on Friday. The average volume and value for the month to date amounts to 803,971 shares valued at $6,951,422 for every security traded, compared to 903,841 shares valued at $7,809,227 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ending with bids higher than their last selling prices and 3 with lower offers.
In the main market activity, Barita Investments dropped $1.04 cents in trading of 17,187 units to close at $74, Caribbean Cement shed $3.59 in trading of 8,641 units and ended at $ 81, Eppley Caribbean Property climbed 82 cents and exchanged 2,574 shares at $47, Eppley lost 96 cents and ended market activity exchanging 1,401 shares to close at $16. Jamaica Broilers exchanged 21,793 shares to close at $33 after falling 2 cents, Jamaica Producers ended with a loss of $1 at $24 with 36,751 stock units changing hands, Jamaica Stock Exchange ended trading 1,102,854 shares, after rising 49 cents to end at $25.50, Kingston Wharves fell $3 trading of 4,949 units in ending at $64. Mayberry Jamaican Equities gained $1.50 to end at $13.50 in trading 81,362 shares, NCB Financial gained $6 to end at $212 with 65,907 stock units trading, Proven Investments lost 40 cents with 1,348 units changing hands at $37.10, Scotia Group climbed 50 cents and exchanged 468,933 shares in closing at $57.50. Seprod gained $5 to settle at $57 with 112,958 shares changing hands, Supreme Ventures ended with a loss of $1 at $26 with 180,634 stock units trading, Sygnus Credit Investments rose 90 cents in trading 38,576 shares at $21.90 and Wisynco Group lost 50 cents to close at $23.50 in swapping of 262,368 shares.
Trading in the US securities market resulted in 89,420 units valued US$18,055 changing hands with Proven Investments lost 1 cent in closing at 25 US cents and exchanging 43,420 shares and Sygnus Credit Investments trading 46,000 shares at 15 US cents. The JSE USD Equities Index remained unchanged at 194.45.