Scotia Group — Page 86

Modest slippage for Main Market

September 20, 2021 by IC Insider.com

Market activity ended on Monday with the volume of shares traded jumping 66 percent higher and the value rising 21 percent more than in trading on Friday on the Jamaica Stock Exchange Main Market as stocks rising were fewer than those declining.
The All Jamaican Composite Index shed 533.05 points to settle at 446,260.46, the Main Index declined 448.18 points to 406,502.58 and the JSE Financial Index lost 0.20 points to end at 98.82.
Trading ended with 51 securities similar to Friday, with 15 stocks rising, 18 declining and 18 ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.5 based on ICInsider.com.’s forecast of 2021-22 earnings.
The market closed with 6,587,765 shares trading for $59,809,086 versus 3,971,368 units at $49,614,466 on Friday. Wigton Windfarm led trading with 22 percent of total volume for an exchange of 1.45 million shares followed by Transjamaican Highway with 17.1 percent after trading 1.13 million units and Pulse Investments 9.3 percent with 609,373 units.
Trading averages 129,172 units at $1,172,727, compared to 77,870 shares at $972,833 on Friday and month to date, an average of 319,241 units at $3,702,393, compared to 334,040 units at $3,899,360 on Friday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and none ended with lower offers.
At the close, Berger Paints shed 61 cents after ending at $13.13 in trading 11,324 shares, Caribbean Cement rallied $1.03 to $102.03 with an exchange of 5,384 stocks, Guardian Holdings popped $2 to $592 after an exchange of 5 stock units. Jamaica Stock Exchange rose 75 cents to $17.75 in trading 57,723 units, JMMB Group shed 24 cents to close at $35.50, with 115,314 shares crossing the market, Kingston Wharves fell 49 cents to $46.51 with the swapping of 712 stocks, NCB Financial gained 49 cents after ending at $129 in an exchange of 14,188 shares. PanJam Investment spiked 50 cents to close at $62.50 in switching ownership of 9,994 stock units, Seprod advanced $1.99 to end at $66 with 15,237 units clearing the market, Supreme Ventures dropped 20 cents to $17.80 in trading 4,260 units, Victoria Mutual Investments rose 27 cents in closing at $5.65 after trading 95,734 stocks.
In the preference segment, Eppley 7.75% rose 50 cents to $20.50 with 400 stock units crossing the exchange.

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 Caribbean Producers, 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, 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

Lumber back in ICTOP10

September 18, 2021 by IC Insider.com

Markets keep bouncing around with no clear direction and could be weight down by a number of factors, including rising interest rates as Bank of Jamaica starts its tightening of the financial market, Barita Investments APO that will drain or divert funds from secondary trading of other stocks and the absence of any other major news that could move stock prices meaningfully. Against this background, there was little movement in and out of the ICTOP10 listings this past week.
Lumber Depot moved back into the ICTOP10 with the price pulling back under $3 and replaced tTech that enjoyed a price bounce from $4.20 last week to $4.50 this past week.
Elsewhere, in the Junior Market, Dolphin Cove rose $1 to $10.15 and Stationery and Office Supplies rose 85 cents to $6.60 and in the Main Market, Berger Paints rose $1.19 to $13.74, JMMB Group fell 76 cents to $35.74, Guardian Holdings dropped $19 to $590 and Grace Kennedy lost $2 to end at $100 as demand for the stock seems lukewarm at this stage of the market, with the third quarter results being a month and a half away and Sygnus Credit Investments rose 84 cents to $16.
The top three Main Market stocks are, Berger Paints followed by JMMB Group and Guardian Holdings, with expected gains of 212 to 257 percent for the three, versus last weeks’ 202 to 290 percent.
The top three stocks in the Junior Market, are Elite Diagnostic, followed by General Accident and Medical Disposables, with all three having the potential to gain between 224 percent and 291 percent, which is similar to last week.
This past week, the average gains projected for the Junior Market, moved from 209 percent to 197 percent and Main Market stocks moved from 170 percent to 173 percent.
The Junior Market closed the week with an average PE of 12 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 as well as the historical average of 17, for the period to March this year, based on 2020 earnings. The TOP 10 trades at a PE of 6.9, with a 42 percent discount to that market’s PE and the potential to rise 67 percent to March next year, based on an average PE of 20.
The JSE Main Market ended the week with an overall PE of 16, a little distance from 19 the market ended at in March, suggesting a 23 percent rise at a PE of 19 and 29 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.6, with a 52 percent discount to the PE of that market, well off the potential of 20.
ICTOP10 stocks are not intended to be a selection of the best stocks in the market but ones that are most likely to be the best winners within a fifteen months period. ICInsider.com ranks stocks to filter out the bigger winners from the rest, allowing investors to focus on potentially huge winners, helping to keep out emotional attachments to stocks that often result in costly mistakes being made.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase 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, Daily Trading, Dolphin Cove, Emerging markets, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, junior market, Lasco Financial, Lumber Depot, Medical Disposables, Radio Jamaica, Scotia Group, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, tTech, Victoria Mutual Investments

Modest gain for JSE Main Market

September 17, 2021 by IC Insider.com

Stock market activity ended on Friday with the volume of shares trading diving 64 percent lower, with the value down 84 percent compared to Thursday, to close out the week on the Jamaica Stock Exchange Main Market after rising stocks were overshadowed by those declining.
The All Jamaican Composite Index mustered a 91.03 points rise to 446,793.51, the Main Index picked up 309.70 points to end at 406,950.76 and the JSE Financial Index popped 0.20 points to 99.02.
Trading impacted 51 securities compared to 56 on Thursday, with 15 rising, 21 declining and 15 ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.5 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 3,971,368 shares trading for $49,614,466 versus 10,979,111 units at $317,868,201 on Thursday. Wigton Windfarm led trading with 22.1 percent of total volume after trading 875,782 shares followed by Transjamaican Highway 13.4 percent with 532,718 units and Pulse Investments with 10.7 percent for an exchange of 423,546 units.
Trading averages 77,870 units at $972,833, compared to 196,056 shares at $5,676,218 on Thursday and month to date, an average of 334,040 units at $3,899,360, compared to 355,670 units at $4,146,467 on Thursday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Berger Paints popped 24 cents to $13.74 in transferring 7,300 stock units, Eppley shed 50 cents to $38.50 in exchanging 2,022 shares, First Rock Capital declined 60 cents $12, with 25,883 stocks crossing the exchange, GraceKennedy dropped $1.65 to close at $100 with the swapping of 175,051 units. Guardian Holdings rallied $10 to end at $590 after exchanging 106 stock units, Jamaica Broilers fell 99 cents to $28.51 with an exchange of 10,301 stock units, JMMB Group advanced 92 cents to $35.74 trading 40,347 stocks. Margaritaville dipped 50 cents to $14.20 in an exchange of 1,000 units, NCB Financial climbed 50 cents to end at $128.51 in switching ownership of 7,213 shares, PanJam Investment fell $3 in closing at $62 while exchanging 20,802 stock units.Proven Investments gained 40 cents to close at $32 in an exchange of 3,050 units, Seprod shed $1.99 to close at $64.01, with 2,316 shares changing hands, Stanley Motta spiked 55 cents to $5.60 after 1,355 stock crossed the market, Supreme Ventures rose 49 cents to $18, with 12,588 shares clearing the market and Wisynco Group lost 33 cents in ending at $15.65 and trading 61,336 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 Caribbean Producers, 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, 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

Trading surges on JSE Main Market

September 16, 2021 by IC Insider.com

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Market activity sent shares trading 111 percent up as the value surged 449 percent over Wednesday performance at the end of trading on Thursday as the Jamaica Stock Exchange Main Market suffered a minor decline in the main indices even as rising stocks exceeded those declining by nearly a third percent.
The All Jamaican Composite Index dipped 77.60 points to settle at 446,702.48, the Main Index fell 447.04 points to 406,641.06 and the JSE Financial Index lost 0.09 points to end at 98.82.
Trading ended with 56 securities, up from 54 on Wednesday, with 23 stocks rising, 18 declining and 15 ending unchanged.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.5 based on ICInsider.com’s 2021-22 earnings forecast.
The market closed with 10,979,111 shares trading for $317,868,201 versus 5,205,273 units at $57,933,745 on Wednesday. Barita Investments led trading with 25 percent of total volume after exchanging 2.74 million shares followed by Sagicor Select Manufacturing & Distribution Fund with 14 percent for 1.54 million units, Wigton Windfarm 12.8 percent with 1.41 million units and Sagicor Select Financial Fund 9.5 percent with 1.04 million shares changing hands.
Trading averages 196,056 units at $5,676,218, compared to 96,394 shares at $1,072,847 on Wednesday and month to date, an average of 355,670 units at $4,146,467, compared to 371,981 units at $3,990,142 on Wednesday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement dropped $3.90 to close at $101 with the swapping of 12,496 shares, Eppley dipped $1 to $39 trading 675 stock units, Eppley Caribbean Property Fund dropped $4.16 to $37.25 in trading 2,868 units. Guardian Holdings dived $15 to $580 with 8,301 stocks clearing the market, Jamaica Broilers rose $1.50 to $29.50, with 48,138 stocks crossing the exchange, Jamaica Stock Exchange declined 28 cents to $17.17 in an exchange of 16,199 units. JMMB Group shed 92 cents to $34.82, with 327,972 shares changing hands, Kingston Properties fell 34 cents to end at $9.50 with an exchange of 2,852 stock units, Kingston Wharves rallied 50 cents to $47 in switching ownership of 1,400 units. Margaritaville spiked $1.50 to $14.70 after an exchange of 343 stocks, NCB Financial declined 78 cents to end at $128.01 in exchanging 63,222 shares, Palace Amusement advanced $70 ending at $1000 after trading 71 stock units. PanJam Investment popped $3 to $65 780 after stock units crossed the market, Portland JSX dropped 97 cents in closing at $7.03 after 1,754 shares changed hands, Proven Investments increased 54 cents to close at $31.60 after exchanging 30,082 stocks. Sagicor Group climbed $1 to close at $54 while trading 285,469 units, Scotia Group gained $1.30 to close at $39.90 after exchanging 3,566 stocks, Seprod spiked $2 to $66 in trading 9,079 units. Supreme Ventures lost 49 cents to end at $17.51, with 9,378 shares changing hands, Sygnus Credit Investments rallied 52 cents to end at $15.89 while exchanging 2,845 stock units and Wisynco Group popped 23 cents to $15.98 with the swapping of 363,061 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 Caribbean Producers, 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

Modest gains for JSE Main Market

September 15, 2021 by IC Insider.com

The number of securities trading rose above Tuesday’s level but the volume of stocks plunged 58 percent and the value 70 percent below Tuesday’s as market activity ended Wednesday, with the Jamaica Stock Exchange Main Market with the market indices recording modest gains at the close as the Investor’s Choice bid-offer indicator was flashing one of the strongest short term bull signals for some time.
The All Jamaican Composite Index rose 103.47 points to 446,780.08, the Main Index advanced 325.79 points to 407,088.10 and JSE Financial Index popped 0.03 points to end at 98.91.
Trading ended with 54 securities up from 50 on Tuesday, with just 13 rising, 26 declining and 15 ending unchanged.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.7 based on ICInsider.com forecast of 2021-22 earnings.
At the close, 5,205,273 shares traded for $57,933,745 versus 12,260,493 units at $193,948,042 on Tuesday. Wigton Windfarm led trading with 53.1 percent of total volume for an exchange of 2.76 million shares followed by Mayberry Investments 10.1 percent, with 526,081 units and Mayberry Jamaican Equities 4.5 percent, with 233,952 shares.
Trading averages 96,394 units at $1,072,847, compared to 245,210 shares at $3,878,961 on Tuesday and the month to date averages 371,981 units at $3,990,142, compared to 402,106 units at $4,309,037 on Tuesday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows sixteen stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments shed 55 cents in closing at $89.95 in an exchange of 12,190 shares, Berger Paints gained 49 cents to end at $13.50 with a transfer of 174 stock units, Caribbean Cement rallied 90 cents to $104.90 after 6,490 stocks cleared the market. First Rock Capital popped 81 cents to $12.50 with 140 units trading, GraceKennedy slipped 34 cents to $101.65 with the swapping of 79,226 stocks, Guardian Holdings dropped $12 to $595 in switching ownership of 982 stock units. Jamaica Broilers fell $2 to $28 in transferring 29,152 shares, Jamaica Producers advanced $2 to $23.50 in trading 300 units, Jamaica Stock Exchange rose 27 cents to $17.45 with an exchange of 2,149 stock units. JMMB Group lost 26 cents to close at $35.74 with 97,125 shares clearing the market, Kingston Properties lost 40 cents to $9.84 after 230 units crossed the market, Kingston Wharves fell $1 to $46.50 in exchanging 5,938 stocks. Palace Amusement dropped $70 to $930 with the swapping of 43 units, PanJam Investment declined $3 to $62 with an exchange of 3,316 stock units, Proven Investments shed $1.54 to close at $31.06 after trading 6,000 stocks. Sagicor Group slipped $1 to $53 in exchanging 17,365 shares, Scotia Group shed 96 cents to end at $38.60 after a transfer of 68,535 stocks, Seprod declined $2 to $64 with an exchange of 5,832 units. Supreme Ventures fell 50 cents to $18 in switching ownership of 241 shares, Sygnus Credit Investments dipped 33 cents to $15.37 in trading 9,182 stock units.
In the preference segment, Community & Workers Credit Union popped 25 cents to $1.85 in exchanging 1,400 units and Eppley 7.25 climbed $3 to $23 with 1 stock crossing the exchange.

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 Caribbean Producers, 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, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Ground lost by JSE Main market

September 14, 2021 by IC Insider.com

Market activity ended on Tuesday, with the volume of shares trading dropping 32 percent lower and the value declining 77 percent from Monday’s activity on the Jamaica Stock Exchange Main Market leading to declining stocks edging out rising ones.
A total of 50 securities traded, up from 47 on Monday, with 19 stocks rising, 21 declining and 10 ending unchanged. The All Jamaican Composite Index lost 2,373.95 points to 446,676.61, the Main Index fell 1,989.08 points to settle at 406,762.31 and the JSE Financial Index fell 0.32 points to 98.88.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.9 based on ICInsider.com’s earnings forecast for 2021-22.
Trading pulled out 12,260,493 shares at $193,948,042 compared to 17,909,584 units at $837,730,261 on Monday. Transjamaican Highway led trading with 40.5 percent of total volume after an exchange of 4.97 million shares, followed by Wigton Windfarm 20 percent, with 2.45 million units traded and Sagicor Group 8.8 percent with 1.08 million shares.
Trading averages 245,210 units at $3,878,961 compared to 381,055 shares at $17,824,048 on Monday and month to date, an average of 402,106 units at $4,309,037,compared to 419,775 units at $4,357,469 on Monday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows 10 stocks ending, with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments popped 50 cents in ending at $90.50 after 541,855 shares traded, Berger Paints gained 26 cents to close at $13.01 after 1,850 stock cleared the market, Caribbean Producers fell 28 cents in closing at $4.41, with 94,165 units crossing the market, Eppley Caribbean Property Fund jumped $3.76 to $41.41 in trading 14,398 shares, First Rock Capital dipped $1.20 to $11.69 with the swapping of 3,344 stocks. Jamaica Stock Exchange shed 56 cents to $17.18, with 3,818 stock units crossing the market, JMMB Group spiked 48 cents to $36, with 46,560 units crossing the exchange, Kingston Wharves dropped 50 cents to close at $47.50 while exchanging 6,859 units. Mayberry Investments popped 30 cents to $6 in switching ownership of 48,725 stock units, 138 Student Living increased 45 cents to $4.95 in exchanging 2,095 shares, PanJam Investment rose $3 to $65 after exchanging 3,000 shares, Proven Investments declined 41 cents to $32.60, with 166,333 stocks changing hands. Sagicor Group lost $1 to end at $54 after exchanging 1,081,424 stock units, Scotia Group rallied $1.01 to $39.56 in an exchange of 22,570 shares, Seprod popped $1 to close at $66 with 2,078 stocks changing hands. Stanley Motta declined 60 cents to $5 after trading 48,000 units and Supreme Ventures shed 50 cents to close at $18.50, with 65,781 stock units crossing the market.
In the preference segment, 138 Student Living Preference share rose 99 cents to end at $7.56 while exchanging 100 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, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Mild gains for JSE Main market

September 13, 2021 by IC Insider.com

Market activity ended on Monday, with the volume of shares trading rising 33 percent and the value of stocks trading surging 541 percent over Friday trades on the Jamaica Stock Exchange Main Market, with rising stocks lagged those declining on a one to two ratio.
The All Jamaican Composite Index rose 42.14 points to 449,050.56, the Main Index gained 289.77 points to close at 408,751.39 and the JSE Financial Index lost 0.16 points to settle at 99.20.
Trading touched 47 securities compared to 44 on Friday, with 12 stocks rising, 23 declining and 12 ending unchanged.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.6 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 17,909,584 shares trading for $837,730,261 up from 13,470,929 units at $130,674,709 on Friday. NCB Financial accounted for 25 percent of total volume, with 4.47 million shares followed by Transjamaican Highway 19.6 percent, with 3.52 million units, Wigton Windfarm contributed 17.9 percent with 3.20 million units, Barita Investments 13.3 percent after trading 2.38 million units and Sagicor Select Financial Fund 9.1 percent with 1.63 million shares.
Trading averages 381,055 units at $17,824,048 compared to 306,157 shares at $2,969,880 on Friday and month to date, an average of 419,775 units at $4,357,469 compared to 424,359 units at $2,763,188 on Friday. August ended with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows 15 stocks that ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments dipped 50 cents to $90, trading 2,376,367 shares, Eppley shed $1.40 in closing at $40 while exchanging 6,326 stock units, Eppley Caribbean Property Fund dropped $7.30 to $37.65 in an exchange of 4,330 units. Guardian Holdings lost $2 to end at $607 in trading 551 stocks, Jamaica Broilers shed $3.27 to $30.03 with an exchange of 52,057 shares, Jamaica Producers dropped 30 cents to $21.70 after exchanging 14,688 stock units. JMMB Group lost 98 cents in closing at $35.52 in exchanging 32,383 units, Kingston Wharves climbed 50 cents to $48 in switching ownership of 2,021 stocks, NCB Financial shed $1 to $129, with 4,471,600 shares clearing the market. PanJam Investment fell $2 to $62 with the swapping of 13,958 stocks, Proven Investments declined 49 cents in closing at $33.01, with 12,940 units changing hands, Scotia Group fell 95 cents to $38.55 after trading 42,199 stock units. Supreme Ventures spiked 90 cents to $19, with 42,264 shares crossing the market and Sygnus Credit Investments advanced 63 cents to $15.79 after 88,609 stock units crossed the exchange.

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 Caribbean Producers, 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 Wharves, Mayberry Investments, 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

Bright profit spots but cloudy elsewhere

September 12, 2021 by IC Insider.com

A number of listed companies recently posted results for the second quarter of 2021, with some recording a strong rise in revenues and outstanding profits or lower losses than in 2020 and a few with lower profits.
Fontana had a good year to June and for the June quarter. The Junior Market listed company reported profit that surged 85 percent for the year to June of $512 million, with earnings per share of 41 cents, up from a profit of $277 million in 2020, with revenues rising 14 percent to $5.15 billion from $4.5 billion in 2020.
Blue Power suffered a reversal in fortunes, with a suspension of exports of soaps to Caricom, following a decision of the Jamaica Government to stop issuing Certificates of Origin for soaps manufactured in Jamaica, using imported soap noodles.
For the quarter to July, total revenues fell 23 percent from $150 million generated in 2020 to $116 million, leading to profits from operations dropping 62 percent to $8 million, from $21 million in the previous year, but gains on sales of investments of $26 million and other income, resulted in after tax profit of $46 million.
Jamaica Broilers posted revenues that surged 32 percent to $17.6 billion from $12.5 billion in 2020 for the first quarter to July 2021 but profit of $275 million dropped 28 percent from $383 million in 2020, as the Jamaican and Haitian segments posted lower profits for the quarter as the USA segment enjoyed a 84 percent jump.
Revenues at KLE Group recovered from just $7.8 million in the June quarter in 2020 to $38 million this year, with the half year returning revenues of $73 million versus $80.5 million in 2020, with losses showing slight improvement to $18 million for the quarter from $24.6 million in 2020 and from a loss of $43.7 million in 2020 half year to $40 million in 2021.

Scotia Group

Revenues at Lumber Depot increased 16 percent to $420 million in the July quarter, this year, from $361 million in 2020, helping to drive profits 140 percent higher to $71.8 million, from $29.9 million in 2020. The strong increase resulted from a surge in gross profit margin from 18.7 percent in 2020 to 24.6 percent in the 2021 July quarter and contributed $26 million to the $42 million of increased profit.
Scotia Group reported a profit of $2.8 billion, an increase of 81 percent over the depressed 2020 third quarter and slightly more than the $2.7 billion generated in the April quarter. Profit for the nine months jumped 31 percent from $5.6 billion to $7.3 billion as expected credit loss provision fell sharply from $5.3 billion in 2020 to $1.99 billion for the nine months to July, thus negating a fall in interest income and increased operating expenses and taxation.

Filed Under: Company News, Company Results Tagged With: Blue Power, Emerging markets, Emerging Stock, Fontana, Jamaica Broilers, Jamaica Stock Exchange, Jamaican stocks, junior market, KLE Group, Lumber Depot, Scotia Group

Major stocks move higher on Friday

September 10, 2021 by IC Insider.com

Market activity sent all indices rising marginally at the close on Friday after modest gains in the volume and value of shares traded compared to Thursday, with rising stocks exceeded those declining on the Jamaica Stock Exchange Main Market to close out the week with a loss.
The market closed with 13,470,929 shares trading for $130,674,709 versus 12,534,457 units at $121,087,956 on Thursday. Pulse Investments led trading with 36.6 percent of total volume after trading 4.93 million shares, followed by Transjamaican Highway 22.5 percent, with 3.03 million units and Wigton Windfarm 13.1 percent, with 1.76 million units changing hands.
Trading averages 306,157 units at $2,969,880, compared to 245,774 shares at $2,374,274 on Thursday and month to date, an average of 424,359 units at $2,763,188 compared to 439,092 units at $2,737,425 on Thursday. August closed with an average of 480,039 units at $8,561,549.
The All Jamaican Composite Index popped 512.08 points to 449,008.42, the Main Index rose 152.88 points to 408,461.62 and the JSE Financial Index gained 0.28 points to close at 99.36.
Trading ended with 44 securities compared to 51 on Thursday, with 21 stocks rising, 13 declining and 10 ending unchanged.
The PE Ratio, a measure used in computing appropriate stock values, averages 16 based on ICInsider.com forecast of 2021-22 earnings. Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and four stocks with lower offers.
At the close, Barita Investments spiked $1.53 to $90.50, with 23,516 shares clearing the market, Berger Paints shed $1.19 to finish at $12.55 in trading 55,650 stocks, Caribbean Cement declined $1 to $104 with the swapping of 1,190 stock units. Guardian Holdings advanced $10 in closing at $609 with an exchange of 3,532 units, JMMB Group rose $1.49 to end at $36.50 in transferring 122,054 shares, Kingston Properties rallied $1.45 to $10 with 1,004 stock units changing hands. Kingston Wharves slipped 60 cents to $47.50 in switching ownership of 1,603 stocks, Mayberry Investments lost 25 cents to end at $5.75 after trading 70,244 units, Mayberry Jamaican Equities gained 55 cents after ending at $9.05 in switching ownership of 12,170 stocks. MPC Caribbean Clean Energy popped $1 to $120 after an exchange of 426 stock units, Palace Amusement climbed $60 to $1,000 with a transfer of 3 units, Pulse Investments rose 58 cents in closing at $4.10 with 4,934,043 shares crossing the market. Scotia Group rallied 50 cents to $39.50 in exchanging 38,983 stocks, Seprod spiked 50 cents to $65 with the swapping of 176,170 units, Supreme Ventures popped 55 cents to $18.10 with 34,730 stock units crossing the market and Sygnus Credit Investments fell 53 cents to $15.16 in trading 43,083 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: Barita Investments Caribbean Producers, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, 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, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Bloodletting continues on JSE Main Market

September 9, 2021 by IC Insider.com

Declining stocks continued to dominate trading on the Jamaica Stock Exchange Main Market with more bloodletting on Thursday and resulting in 6 of 8 trading days for September that closed, with more stocks falling than rising, with the volume of shares trading rising 11 percent and the value down 55 percent compared to trading on Wednesday.
The All Jamaican Composite Index dropped 2,742.24 points to close at 448,496.34, the Main Index declined 2,069.01 points to 408,308.74 and the JSE Financial Index shed 0.53 points to end 99.08.
Trading ended with 51 securities, similar to Wednesday, with 14 stocks rising, 26 declining and 11 ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.7 at the close based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 12,534,457 shares trading for $121,087,956 versus 11,280,652 units at $270,814,131 on Wednesday. Pulse Investments led trading with 32.6 percent for an exchange of 4.09 million shares, followed by Wigton Windfarm with 14.4 percent for 1.81 million units, Sagicor Select Financial Fund with 11.7 percent for 1.46 million units and QWI Investments with 10.4 percent after exchanging 1.30 million units.
Trading averages 245,774 units at $2,374,274, versus 221,189 shares at $5,310,081 on Wednesday and month to date, an average of 439,092 units at $2,737,425, in contrast to 471,739 units at $2,798,752 on Wednesday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement shed $1 to end at $105, with 4,751 shares changing hands, Eppley gained 90 cents in closing at $41.40 and exchanging 200 stocks, Guardian Holdings spiked $14 to $599 with the swapping of 2,987 stock units. Jamaica Broilers climbed $1.10 to $33.10 after exchanging 6,270 units, Jamaica Producers declined $2.22 to close at $22.18, with 7,596 units crossing the market, JMMB Group fell $1.80 in closing at $35.01 after trading 254,098 stock units. Kingston Properties lost $1.45 in ending at $8.55, with 3,000 stocks crossing the exchange, NCB Financial dropped $1.30 to $130 with 41,098 shares clearing the market, Palace Amusement fell $10 to $940, with 94 units changing hands. PanJam Investment increased $2 to end at $64 in an exchange of 2,877 shares, Pulse Investments dropped 36 cents to $3.52 after exchanging 4,085,000 stock units, Sagicor Group fell $1 to $55 while exchanging 24,140 stocks. Scotia Group popped 49 cents in closing at $39 with an exchange of 832,069 shares after the price hit a 52 weeks’ intraday low of $38 and Supreme Ventures shed 55 cents to close at $17.55, trading 9,281 units.
In the preference segment, Eppley 7.25% declined $2 to $20, trading 1,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.