The main market of the Jamaica Stock Exchange closed at a new record high on Tuesday, the third record close in three days, but advancing stocks were outgunned by declining ones almost two to one.
JMMB Group traded at a new all-time high of $45 but ended at a record close of $44.99, Sygnus Credit Investments closed trading at an all-time high of $16 and JMMB Group 7.25% preference share ended at a 52 weeks’ low of $1.96.
Trading ended with the JSE All Jamaican Composite Index rising 1,159.33 points to a record close of 517,597.52 points and the JSE Index climbing 1,053.53 points to a record close of 471,349.22.
At the close of trading, 39 securities traded in the main and US dollar markets leading to 10 securities advancing, 16 declining and 13 trading firm. Market activity ended with 24,689,423 units valued at $108,692,341 compared to 27,938,388 units valued at $104,981,806 changing hands from 33 securities on Monday.
Wigton Windfarm led trading with 21 million shares for 86 percent of total main market volume, followed by Carreras with 1.1 million units or 4.5 percent of total volume and Scotia Group with 579,341 stock units for 2 percent of total volume.
The market closed with average of 667,282 units valued at an average of $2,937,631 for each security traded. In contrast to 873,075 units for an average of $3,280,681 on Monday. The average volume and value for the month to date amounts to 762,722 units valued at $3,096,727. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 4 with lower offers.
In the main market activity, Barita Investments shed 90 cents to close at $44.10, in trading 16,380 shares, Caribbean Cement rose $1.90 to finish at $80, with an exchange of 41,276 shares, JMMB Group jumped $4.48 trading 66,178 shares to end at a record close of $44.99. Kingston Properties lost 48 cents and finished trading 500 shares at $5.52, Kingston Wharves jumped $2 in settling at $70, with an exchange of 7,632 units, 
NCB Financial Group lost 50 cents and concluded trading 79,816 shares at $189.50, while 138 Student Living fell 33 cents to $3.67, in trading 6,450 shares. PanJam Investment lost $1 to settle at $100 with 39,307 shares changing hands, Scotia Group dropped $2.95 to settle at $57.05, while trading 579,341 shares, Seprod declined $1.60 to end trading of 9,058 shares at $46.90 and Sygnus Credit Investments rose 50 cents to end at a record close of $16, with 54,245 units trading.
Trading in the US securities market resulted in 17,950 units valued US$3,504 changing hands. Market activity ended with Proven Investments rose 1 cent in trading 10,00 shares to close at 25 US cents and Sygnus Credit Investments closed at 13 US cents, with 7,950 units. The JSE USD Equities Index closed 3.59 points higher at 189.70.
New Record close for JSE main market
Stephen Facey Chairman & Paul Hanworth Chief Operating Officer of PanJam Investment.
The main market of the Jamaica Stock Exchange closed at a new record high on Monday, to start July positively after it surged sharply on Friday, as advancing stocks beat out declining ones more than two to one.
Trading ended with the JSE All Jamaican Composite Index jumping 2,640.19 points to a record close of 516,438.19 and the JSE Index climbed 2,399.24 points to a record close of 470,295.69.
At the close of trading, 17 securities advanced, 7 declined and 10 traded firm, as market activity ended with 27,938,388 units valued at $104,981,806 changing hands from 33 securities in contrast to 35,425,729 units valued at $129,457,755 trading from 35 securities changing hands on Friday.
Wigton Windfarm led trading with 16 million shares for 57 percent of total main market volume, followed by JMMB Group 7.5% preference share with 10 million units or 36 percent of total volume and Carreras with 370,717 stock units.
JMMB Group traded at a new all-time high of $40.31 and PanJam Investment closed trading at an all-time high of $101 after trading at $110.60 earlier in the day.
The market closed with an average of 873,075 units valued at an average of $3,280,681 for each security traded. In contrast to 1,073,507 units for an average of $3,922,962 on Friday. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 2 with lower offers.
In the main market activity, Barita Investments gained 70 cents to close at $45, in trading 79,209 shares, Caribbean Cement lost $1.70 to finish at $78.10, with an exchange of 18,797 shares, Grace Kennedy declined $2 to $65, with an exchange of 36,759 stock units, Jamaica Producers rose 90 cents and closed at $28.50, with 14,521 shares changing hands. Jamaica Broilers gained 85 cents in trading 31,514 units at $32, Jamaica Stock Exchange fell 90 cents and ended at $28, in exchanging 42,463 shares, JMMB Group gained 31 cents trading 49,096 shares to end at a record close of $40.51, Kingston Wharves jumped $2 and settled at $68, with an exchange of 11,082 units. 
PanJam Investment jumped $3.90 to settle at record close of $101 with 33,450 shares changing hands, Sagicor Real Estate Fund lost 67 cents to settle at $9.32, with 2,329 stock units trading, Salada Foods jumped $4 to $38 trading 6,165 stock units, Scotia Group gained $1.50 to settle at $59, trading 221,140 shares. Seprod increased $1 to end trading of 265,053 shares at $48.50, Sygnus Credit Investments rose 50 cents to close at $15.50, with 122,962 units trading and Wisynco Group lost 34 cents trading of 73,616 shares to close at $18.76.
Trading in the US securities market resulted in 3,556 units valued US$462 changing hands. Market activity ended with Sygnus Credit Investments rose 2.5 cents to close at 13 US cents, with 3,556 units. The JSE USD Equities Index closed 1.98 points higher at 186.11.
JSE majors up 23% in 2019 on record close
New record high for the JSE main market.
The main market of the Jamaica Stock Exchange arrested the three days of decline with a big jumped to a new record closed on Friday that pushed the market up by a strong 23 percent with half the year ending.
JSE All Jamaican Composite Index leaped 9,055.04 points to a record close of 513,798.00 and the JSE Index advanced 8,228.65 points to 467,896.45.
At the close of trading, the prices of 18 securities advanced, 8 declined and 9 traded firm, as 35 securities traded, similar to Thursday’s level. Market activity ended with 35,425,729 units valued at $129,457,755 trading in contrast to 77,203,790 units valued $218,055,968 on Thursday.
Wigton Windfarm led trading with 31 million shares for 87 percent of total main market volume, followed by Mayberry Jamaican Equities with 2 million units or 6 percent of total volume and Scotia Group with 344,363 stock units. JMMB Group and Sagicor Group closed trading at an all-time high.
The market closed with average of 1,073,507 units valued at an average of $3,922,962 for each security traded. In contrast to 2,339,509 units for an average of $6,607,757 on Thursday. The average volume and value for the month to date amounts to 1,608,485 units valued at $19,605,318 and previously, 1,635,033 units valued at $20,425,473. In contrast, May closed with an 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 10 stocks ended with bids higher than their last selling prices and none with a lower offer.
In the main market activity, Barita Investments gained 33 cents and closed at $44.30, in trading 2,251 shares, Caribbean Cement jumped $3.29 to finish at $79.80, with an exchange of 2,194 shares, Grace Kennedy climbed $2 to $67, with 87,592 stock units traded, Jamaica Broilers dropped $1.85 and finished trading 150,960 units at $31.15. Jamaica Stock Exchange climbed $1.40 and ended at $27.50, in exchanging 42,784 shares, JMMB Group gained 70 cents trading 145,312 shares to end at a record close of $40.20, Kingston Wharves declined $1.50 and settled at $66, with an exchange of 9,025 units. Mayberry Jamaica Equities rose 35 cents and ended trading 2,008,623 shares at $11.50, NCB Financial Group advanced $1 to end at $190, with 43,669 units changing hands, PanJam lost 90 cents to settle at $97.10 with 23,780 shares changing hands. 
Portland JSX ended trading of 73,099 stock units with a gain of $1.05 to close at $8.55, Pulse Investments rose 29 cents trading 1,000 units in closing at $2.79, Sagicor Group rose $1.05 to end at a record close of $57.05, with 197,070 shares trading. Sagicor Real Estate Fund rose 99 cents to settle at $9.99, with 81,613 stock units trading, Scotia Group gained 50 cents to settle at $57.50, trading 344,363 shares, Seprod declined $2.49 to end trading of 17,650 shares at $47.50, Supreme Ventures added $1 and closed at $28, with an exchange of 175,517 units and Sygnus Credit Investments lost 45 cents to close at $15, with 219,970 units trading.
Trading in the US securities market resulted in 14,600 units valued $24,268 changing hands. Market activity ended with JMMB Group 5.75% settled at US$2, trading 11,000 shares and Productivity Business traded closed at 60 US cents with 3,600 stock units trading. Proven Investments lost 1 cent in trading 208,315 shares to close at 24 US cents and JMMB group 6% USD preference share closed at US$1.04 trading 11,103 shares. The JSE USD Equities Index closed unchanged at 184.13.
Another down day for JSE majors
The main market of the Jamaica Stock Exchange dropped for the third consecutive day on Thursday with JSE All Jamaican Composite Index falling by 1,797.60 points to 504,742.96 and the JSE Index declining 1,633.55 points to 459,667.80.
t the close of trading, the prices of 14 securities advanced, 14 declined and 7 traded firm, as 35 securities traded, compared to 34 on Wednesday. Market activity ended with 77,203,790 units valued $218,055,968, in contrast to 40,756,441 units valued $109,292,243 on Wednesday.
Wigton Windfarm led trading with 72 million units or 93 percent of total main market volume, Carreras with 2 million shares changing hands, equating to 2.65 percent of total trades, followed by Radio Jamaica with 354,319 stock units with less than one percent of the day’s trades. Sagicor Group closed trading at an all-time high of $5.
The market closed with average of 2,339,509 units valued $6,607,757, in contrast to 1,273,639 shares valued at $3,415,383 on Wednesday. The average volume and value for the month to date amounts to 1,635,033 units valued at $20,425,473 and previously, 1,598,249 units valued at $21,187,989. In contrast, May closed with an 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 9 stocks ended with bids higher than their last selling prices and 1 with a lower offer.
In the main market activity, Barita Investments added 47 cents closed at $43.97, in trading 10,516 shares, Carreras fell 20 cents trading 2,048,658 units at $8, Caribbean Cement lost $2.49 to finish at $76.51, with an exchange of 183,964 shares, Jamaica Producers gained 46 cents to close at $27.46, trading 38,771 shares. Jamaica Stock Exchange climbed $2.51 and ended at $27.50, in exchanging 321,775 shares, JMMB Group gained 34 cents trading 86,192 shares to close at $39.50, PanJam climbed $2.50 to settle at $98 with 102,776 shares changing hands. Portland JSX ended trading of 2,000 stock units with a loss of 50 cents at $7.50, 
Pulse Investments lost 22 cents trading 183,378 units in closing at $2.50, Salada Foods gained $2.70 to end at $34, trading 2,870 shares, Sagicor Group rose 30 cents to close at $56, with 44,987 shares trading. Sagicor Real Estate Fund lost 50 cents to settle at $9, with 2,200 stock units trading, Scotia Group lost $1 to settle at $57, trading 189,636 shares, Seprod rose 49 cents and ended trading 155,183 shares at $49.99. Stanley Motta rose 48 cents in exchanging 4,150 shares at $5 and Supreme Ventures fell $1 and closed at $27, with an exchange of 145,418 units.
Trading in the US securities market resulted in 219,418 units valued at $61,585 changing hands. Market activity ended with Proven Investments lost 1 cent in trading 208,315 shares to close at 24 US cents and JMMB group 6% USD preference share closed at US$1.04 trading 11,103 shares. The JSE USD Equities Index lost 0.34 points to close at 184.13.
JSE majors drop for second day
Trading on the main market of the Jamaica Stock Exchange ended on Wednesday with JSE All Jamaican Composite Index falling by 2,933.01 points to 506,540.56 and the JSE Index declining by 2,665.34 points to 461,301.35.
At the close of trading, the prices of 7 securities advanced, 17 declined and 10 traded firm as a total of 34 securities traded, compared to 38 on Tuesday. Market activity ended with 40,756,441 units valued $109,292,243 trading, in contrast to 76,708,401 units valued $390,249,935 on Tuesday.
Wigton Windfarm traded the largest main market volume with 38.2 million units for 94 percent of total, NCB Carreras with 460,954 shares changing hands, equating to one percent of total trades, followed by JMMB Group with 431,536 stock units for one percent of the day’s trades.
The Jamaica Stock Exchange traded at a new intraday all-time high of $31 but closed down at $24.99, 1834 Investments concluded trading at a 52 weeks’ low of 75 cents, Sygnus Credit Investments Jamaica dollar share closed at a 52 weeks’ high of $15.50. Sygnus Credit Investments USD shares traded at a 52 weeks’ high of 13 US cents but closed with a loss at 10.5 US cents and Sagicor Real Estate traded at an intraday low of $8.50 but closed at $9.50.
The market closed with average of 1,273,639 units valued at $3,415,383 for each security traded. In contrast to 2,191,669 units for an average of $11,149,998 on Tuesday. The average volume and value for the month to date amounts to 1,598,249 units valued at $21,187,989 and previously, 1,615,561 shares, with a value of $22,192,801. In contrast, May closed with an 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 10 stocks ended with bids higher than their last selling prices and 2 with lower offers.
In the main market activity, Barita Investments lost 85 cents to close at $43.50, with an exchange of 2,849 shares, Caribbean Cement declined by 99 cents and finished at $79, with 30,991 shares traded, Eppley dropped $3 to end trading of 12,599 shares, at $17, Grace Kennedy climbed $2 to close at $65, with 5,518 stock units changing hands, Jamaica Producers dropped $2.99 and closed at $27, with 4,272 shares trading. Jamaica Stock Exchange dived $3.51 and ended at $24.99, in exchanging 154,651 shares, JMMB Group rose 41 cents trading 431,535 shares to close at $39.16, 1834 Investments lost 25 cents trading with 4,639 shares to close at a 52 weeks’ low of 75 cents, PanJam Investment shed $1.40 to settle at $95.50, with 30,546 shares changing hands. Sagicor Group jumped $3.70 to close at $55.70, with 64,370 shares trading, 
Scotia Group lost 25 cents to settle at $58, trading 37,186 shares, Seprod jumped $2 and ended trading 54,717 shares at $49.50. Stanley Motta lost 48 cents in exchanging 18,569 shares at $4.52, Sterling Investments finished trading at $3.80, with 15,542 stock units. Supreme Ventures lost 40 cents and closed at $28, with an exchange of 112,416 units Sygnus Credit Investments climbed $1.75 finished trading 213,973 units at a record $15.50, and Victoria Mutual Investments shed 31 cents and ended at $4.69, trading 246,728 shares.
Trading in the US securities market resulted in 529,270 units valued at US$118,908 changing hands. Market activity ended with Proven Investments with a loss of 1 cent in trading 462,790 shares to close at 24 US cents and Sygnus Credit Investments USD share closed at 10.5 US cents after declining 1.5 cents trading 66,480 shares. The JSE USD Equities Index lost 0.09 points to close at 184.47.
Record run halted for JSE majors
NCB Financial hits new high of $208 on Tuesday.
The Jamaica Stock Exchange record breaking run, stalled out at the close of trading on Tuesday, with the JSE All Jamaican Composite Index diving 2,940.46 points to 509,473.57 and the JSE Index dropping 2,672.11 points to 463,966.69.
At the end market activity on the main and US dollar markets, the prices of 19 securities advanced, 10 declined and 9 traded firm, as a total of 38 securities traded, compared to 34 on Monday.
Eppley ordinary share traded at a new high of $20, the Jamaica Stock Exchange ended at a new closing 52 weeks’ high of $28.50, after it traded as high as $30.10, Victoria Mutual Investments closed at a new high of $5 and Sygnus Credit Investments USD shares closed at a 52 weeks’ high of 12 US cents. NCB Financial Group hit an intraday record high of $208 but pulled back by the close to $190 and Sagicor Group traded at an intraday high of $55.90 but closed at $52.
Market activity ended with 76,708,401 units valued $390,249,935, in contrast to 43,150,805 units at $221,184,702 changing hands, on Monday.
Wigton Windfarm led trading with 73 million units or 95 percent of total main market volume, NCB Financial Group with just 1.38 million shares changing hands, equating to 19 percent of total trades, followed by Supreme Ventures with 360,750 stock units for 0.5 percent of the day’s trades.
The market closed with average of 1,273,639 units for an average of $3,415,383 for each security traded, in contrast to 1,348,463 units valued at an average of $6,912,022 on Monday. The average volume and value for the month to date amounts to 1,615,561 shares, with a value of $22,192,801, compared to 1,593,766 shares, with a value of $23,947,275 previously. May closed with an 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 9 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.
At the close of the market, Caribbean Cement gained $1.99 in trading 17,953 units at $79.99, Eppley ended trading with 950 shares and jumped $1.20 to close at a record $20, Grace Kennedy jumped $2.50 to $63 while trading 12,636 shares. Jamaica Broilers traded 16,410 units and rose $1.25 to $33, Jamaica Producers jumped $2.99 and closed at $29.99, trading 47,519 shares Jamaica Stock Exchange rose $1 to end at a record high of $28.50, with 110,488 shares trading. JMMB Group rose 75 cents in trading 134,362 shares to end at $38.75, Kingston Wharves declined by 75 cents to settle at $67.30, with 10,401 units, NCB Financial Group dived $12 to close at record $190, with an exchange of 1,377,021 stock units. 
PanJam Investment gained 90 cents to finish at $96.90, trading 45,117 shares, Portland JSX lost 50 cents and ended trading 9,000 stock units at $8, Sagicor Group added 97cents to finish at $52 with 128,496 shares crossing the exchange, Sagicor Real Estate Fund fell 40 cents to close at $9.60 while trading 13,006 units. Salada Foods rose 30 cents to $31.30, with an exchange of 2,081 shares, Seprod rose 45 cents and ended trading 30,776 shares at $47.50, Sterling Investments gained 30 cents to finish trading 1,180 shares at $3.90 and Victoria Mutual Investments climbed 30 cents to a record $5, with 17,400 shares changing hands.
Trading in the US securities market resulted in 619,380 units valued at US$137,706 changing hands. Market activity ended with Margaritaville trading 1,031 shares at 25 US cents, Proven Investments lost 1 cent in trading 530,329 shares to close at 24 US cents and Sygnus Credit Investments USD shares closed at a 52 weeks’ high of 12 US cents after rising 1.5 cents and trading 88,020 shares. The JSE USD Equities Index rose 0.22 points to close at 184.56.
8th record close for JSE main market – Monday
NCB Financial jumps to a record $202 on Monday, spiking the JSE to a new record close.
The Jamaica Stock Exchange climbed to the 8th record close for June, on Monday, with financial stocks paying the way and the 24th time for the year to date, as investors’ bullish view of the market continues to play out.
The market ended with the JSE All Jamaican Composite Index surging 5,381.54 points to a record close of 512,414.03 and the JSE Index climbing 4,890.41 points to a new closing high of 466,638.80.
At the end market activity on the main and US dollar markets, the prices of 11 securities advanced, 15 declined and 8 traded firm, as a total of 34 securities traded, compared to 41 on Friday.
Eppley ordinary share traded at a new high of $18.80, the Jamaica Stock Exchange ended at a new closing 52 weeks’ high of $27.50, as trading levels surged sharply in June with more than $12 billion trading in the main market alone for the month to date, suggesting strong increase profit in the company’s second quarter and NCB Financial Group closed at a record $202.
Market activity ended with 43,150,805 units at $221,184,702, in contrast to 69,103,355 units at $2,988,675,102 changing hands, on Friday.
Wigton Windfarm led trading with 40 million units or 93 percent of total main market volume, Victoria Mutual Investments with just 794,000 shares changing hands, equating to 19 percent of total trades, followed by NCB Financial Group with 591,773 stock units for 1.4 percent of the day’s trades.
The market closed with average of 1,348,463 units valued at an average of $6,912,022 for each security traded, in contrast to 2,094,041 units for an average of $90,565,912 for each security traded on Friday. The average volume and value for the month to date amounts to 1,579,873 shares, with a value of $22,920,669, compared to 1,593,766 shares, with a value of $23,947,275 previously. May closed with an 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 6 stocks ended with bids higher than their last selling prices and none closing with a lower offer.
At the close of the market, Barita Investments fell 30 cents to close at $44.20, with 12,605 shares changing hands, Caribbean Cement lost $1 in trading 15,341 units at $78, Eppley ended trading with 6,240 shares and jumped $2.60 to close at a record $18.80, Grace Kennedy fell $4.50 to $60.50 while trading 34,803 shares. Jamaica Broilers traded 1,400 units and fell 25 cents to $31.75, Jamaica Stock Exchange rose $2.49 to end at a record high of $27.50, with 52,475 shares trading. JMMB Group lost $1 trading 42,409 shares to end at $38, Mayberry Investments traded 12,580 shares and lost 50 cents at $8.50, NCB Financial Group jumped $3.01 to close at record $202, with an exchange of 591,773 stock units. PanJam Investment gained $1 and finished at $96, trading 12,691 shares, Sagicor Group shed 96 cents to finish at $51.03 with 535,084 shares crossing the exchange, 
Sagicor Real Estate Fund rose 25 cents to close at $10 while trading 1,908 units. Scotia Group fell $1.48 to $58.02, with an exchange of 244,090 shares, Sygnus Credit Investments rose 29 cents to close at $13.80 with an exchange of 35,420 shares and Victoria Mutual Investments climbed 60 cents to $4.70, with 794,000 shares changing hands.
Trading in the US securities market resulted in 147,085 units valued at US$37,954 changing hands. Market activity ended with Proven Investments lost 1 cent in trading 144,361 shares to close at 24 US cents and JMMB Group 6% preference share rose 4 cents and ended trading of 2,724 units at US$1.04. The JSE USD Equities Index lost 4.19 points to close at 184.78.
Wigton Windfarm heading for 90c
Wigton Windfarm is slowly moving higher and seems poised to hit 90 cents this week but the real big news is that last week’s performance was a whopper, with a number of last weeks’ Watch List scoring big.
On Friday alone, NCB Financial Group gained a whopping $18.99 to close at $198.99 and Scotia Group gained $4, to close at $59.50. For the week, NCB gained $25 and Scotia $7.25. Sagicor Group came in for some of the increased buying interest, with the planned takeover of the majority of shares in Advantage General Insurance from the NCB Group with the price jumping $3.99 in the week.
Sagicor ETF Fund is now officially seeking fresh capital, some of the big financial stocks could get a further lift as the fund is based on the Jamaica Stock Exchange Financial Market Index.
The gains for the IC Watch list do not end there, on a week that saw the main market All Jamaica Index rocket up 26,698.47 points and the Junior Market falling 16.6 points.
National Commercial Bank pays very low savings rates
Wisynco Group is trading around a PE of 20, based on estimated June 2019 year-end figures. The stock has come in for some selling last week and may trade under $20 for a while. It has the potential to go much higher with more than $1.50 earnings per share expected for the new-year, starting in July.
Barita Investments continues to enjoy strong buying interest as the price firms up around the $45 level and could yet move higher in coming days or weeks. Investors should note that Barita is set to benefit from the upsurge in stock prices since the end of the last quarter, directly as they own listed shares, from increased fee income as a broker with rising trading volumes and from increased fees at the equity linked Unit Trust with increased asset value. As indicated last week, Eppley seems to have demand that should push the price higher during the week as the company is getting set to launch the IPO for the Eppley Property Fund. The stock hit new highs during the week and is worth watching this week. Sygnus Credit Investments did not do much but demand was good for the stock during the past week. Sygnus is a component of the JSE Financial Index, will be one that the Sagicor Fund would mostly add to their holdings. Supplies of Grace Kennedy and Jamaica Producers stocks are very low, but buyers are not aggressive currently.
In the Junior Market, CAC 2000 should be heading for gains with the April quarter profit showing marked improvement over the previous quarter. Elite Diagnostic traded at $4 during the past week and continues to find buying interest around this price.
The new Waterloo Road branch under construction.
Lasco Financial dropped to $4.80 last week, and has just over 1 million units on offer at the last sale price of $4.80 and should move back up once this block is taken out. Lasco Manufacturing has the potential to move higher in the coming weeks. Fontana supply is falling with just a few offers posted at the close on Friday. Honey Bun, Main Event Medical Disposables, Paramount Trading all have potential to rise in the coming weeks. Demand for Stationery and Office is not aggressive currently, but the supply is very short, suggesting it is only a matter of time before the price moves much higher.
Several changes to IC TOP 10
Scotai Dropped out of TOP 10 with a big prioce surge.
The main market indices jumped 5.6 percent this past week as big gains in NCB Financial Group, Sagicor Group and Scotia Group pushed the market strongly on Thursday and Friday to close at new record high.
Junior Market stocks on the other hand continued to struggle to get investors’ attention, slipping a few points from the previous week’s close. The market is consolidating and is poised for a takeoff very soon with the market highly undervalued currently.
The market movement for the week resulted in five changes to the top 10 lists. The main market lost Caribbean Cement, Sagicor Group and Scotia Group that enjoyed price gains. 
Entering the main market TOP 10 list are Carreras, Jamaica Broilers and Pulse Investments. The Junior Market bid good-bye to CAC200 and Jamaican Teas and welcomed back Lasco Financial and Everything Fresh.
Price changes this past week, did little change to projected gains for most of the leading stocks compared the prior week. The three leading Junior Market stocks for the coming week are, Iron Rock with projected gains of 243 percent, followed by Caribbean Producers 237 percent and AMG Packaging with possible gains of 202 percent.
Sterling Investments with 178 percent leads main market stocks followed Radio Jamaica with potential gains of 173 percent and Victoria Mutual Investments in third spot with the potential to gain 144 percent by March next year.
The main market, closed the week with the overall PE remaining at 15.2 but the Junior Market inched higher to 11.2. The PE ratio for Junior Market Top 10 stocks averages 7.4 and the main market PE 9.1. 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 34 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 40 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 jumps $19 to record close – Friday
NCB shareholders enjoying boom time with the stock trading at $200 on Friday to be up 33% in 2019.
NCB Financial Group closed trading at a record $198.99 for a stunning gain of $18.99 as 12.8 million shares traded. Scotia Group also joined in the euphoria by rising $4 to close at $59.60.
The big gains in the two leading financial market stocks sent the JSE All Jamaican Composite Index up a stunning 13,935.32 points to a record closing high of 507,044.4 within minutes of the close, while the JSE Index jumped 12,663.55 points to a new high of 461,759.26 during Friday’s trading session.
The JSE All Jamaican Composite Index surged 13,923.36 points to a record close of 507,032.49 and the JSE Index jumped 12,652.68 points to a new closing high of 461,748.39.
At the end market activity on the main market the prices of 11 securities advanced, 9 declined and 13 traded firm, as a total of 41 securities traded, compared to 35 on Thursday. No trades took place in the US dollar market.
Eppley ordinary share traded at a new high of $16.50 but closed lower at the end of the day at a new closing high of $16.20 and the Jamaica Stock Exchange shares ended at a new closing 52 weeks’ high of $25.01.
Market activity ended with 69,103,355 units at $2,988,675,102, in contrast to 100,042,177 units with a value of $2,008,625,701 changing hands, on Thursday.
Wigton Windfarm led trading with 42.68 million units or 62 percent of total main market volume, NCB Financial Group with just over 13 million shares changing hands, equating to 19 percent of total trades, followed by JMMB Group with 10 million stock units for 15 percent of the day’s trades.
The market closed with average of 2,094,041 units valued at an average of $90,565,912 for each security traded, in contrast to 2,565,184 units valued at $51,503,223 for each security traded on Thursday. The average volume and value for the month to date amounts to 1,593,766 shares, with a value of $23,947,275, compared to 1,560,748 shares, with a value of $19,229,647 previously. May closed with an 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 8 stocks ended with bids higher than their last selling prices and 4 closing with lower offers.
At the close of the market, Caribbean Cement lost 50 cents in trading 75,874 units at $79, Grace Kennedy rose $1 to $65 while trading 4,943 shares, Jamaica Broilers traded 14,164 units and gained $1 to end at $32, Jamaica Stock Exchange rose 80 cents to end at a record high of $25.01, with 11,962 shares trading. JMMB Group rose $1.50 trading 10,146,390 shares to end at $39, NCB Financial Group jumped by a huge $18.99 to close at $198.99, with an exchange of 12,978,156 stock units. The big price move followed the announcement that the group sold their shares in Advantage General Insurance for almost US$51 million. PanJam Investment lost $1 and finished at $95, trading 96,263 shares, Sagicor Group gained 99 cents to finish at $51.99 with 536,546 shares crossing the exchange, Scotia Group rose jumped $4 to $59.50, with an exchange of 114,279 shares. Sterling Investments declined 30 cents and finished at $3.60, with the trading of 5,482 units.
