JSE main market drops on Thursday

JSE headquarters in downtown Kingston.

The main market of the Jamaica Stock Exchange closed much lower than on Thursday than on Wednesday with the All Jamaica Composite Index dropping 1,555.59 points to close at 260,937.31. The JSE Market Index dived 1,417.31 points to 237,743.45 and the JSE US dollar market index lost 0.83 points to 213.20.
At the close of trading, 29 securities changed hands including 1 trading in the US dollar market, leading to 10 stocks advancing and 9 declining. Trading in the main market ended with 6,887,167 units valued at $169,323,809 changing hands compared to 5,393,689 units valued at $311,918,709 at the close on Wednesday. Trading in the US dollar market accounted for 15,950 units valued at US$4,466.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 7 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 255,080 units valued at a mere $6,271,252 for every security traded compared to an average of 215,748 units valued at a mere $12,476,748 on Monday. The average volume and value for the month to date ended at 139,696 units with an average value of $4,379,939 compared with an average of 116,619 units with an average value of $4,001,676 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
In market activity, Berger Paints lost 75 cents to close at $18.75, with 128,862 shares changing hands, Cable and Wireless traded 450,000 stock units at $1.25, Caribbean Cement closed at $27, after falling $1.82 exchanging 5,536 shares, Carreras added $1, closing at $85, with 17,467 shares changing hands, Grace Kennedy closed at $42.97, gaining 2 cents with trades of 14,102 units, Jamaica Broilers gained 15 cents to close at $17.65, with 6,225 shares exchanged, Jamaica Producers closed at $16, with 100,266 units changing hands. Jamaica Stock Exchange traded 10 cents lower to close at $7 trading 26,494 shares, JMMB Group closed at $19, with a loss of $1 exchanging 2,631,555 units, Kingston Wharves closed at $32, gaining $1 trading 74,207 shares, NCB Financial Group closed at $71, with gains of $1 after exchanging 96,597 shares, 138 Student Living closed at $4.49 trading 13,000 units, 1834 Investments lost 1 cent to close at $1.54, with 5,842 shares changing owners. Palace Amusement exchanged 1,167 units at $340, PanJam Investment closed at $34.70, with an exchange of 3,000 shares, Portland JSX traded 15 cents lower to close at $10, with 12,531 units trading, Pulse Investments advanced $2.50, closing at $17 trading 11,000 shares, Radio Jamaica added 3 cents to close at $1.70 exchanging 8,621 shares, Sagicor Group closed at $34.35, gaining 10 cents with an exchange of 2,756,521 shares, Sagicor Real Estate Fund traded 20 cents slower to close at $10.80 with 2,741 shares traded. Scotia Group added 30 cents to close at $43.80 while exchanging 18,028 shares, Scotia Investments dropped $1.50 and closed at $36.50, with 3,300 shares changing hands, Seprod closed at $29.90, trading 9,100 shares, Sterling Investments lost $1.80 to close at $15.10, with an exchange of 328,000 units while Supreme Ventures traded 124,005 shares at $7.50. Proven Investments traded 15,950 ordinary shares at 28 US cents Sterling Investments US dollar listing traded 1,000 units at 11 US cents and JMMB Group 7.5% preference share closed at $1.15, with trades of 37,000 units.

Advancing stocks edge out decliners

13 securities traded on the Trinidad & Tobago Stock Exchange on Thursday compared to 14 on Wednesday with the market indices losing altitude with 3 stocks advancing, 2 declining and 8 holding firm.
At the close, only 179,168 shares were exchanged at a value of $3,736,695 with Ansa McAL and Massy Holdings accounting 63 percent of the value of stocks traded. On Wednesday trading resulted in 402,382 shares with a value of $1,582,095.
The Composite Index declined 0.38 points to 1,213.47, the All T&T Index lost 0.34 points to 1,792.41 and the Cross Listed Index eased 0.06 points to close at 85.04.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 2 stocks with bids higher than last selling prices and 4 with lower offers.
Gains| Clico Investment closed at $22.51, with a 1 cent gain exchanging 6,080 shares, National Enterprises gained 1 cent to close at $10.51, with trades of 1,200 shares and NCB Financial Group traded 4 cents higher, closing at $4 with 24,850 shares changing hands.
Losses| Massy Holdings closed at $50.75, with a loss of 30 cents trading 33,807 shares valued at $1,715,844 and Sagicor Financial traded 14 cents lower to close at $8.75 exchanging 141 shares.
Firm Trades| Ansa McAL held firm at $66 exchanging 12,387 shares valued at $817,526, First Citizens traded 1,906 shares at $31.85 and Grace Kennedy exchanged 19,108 shares at $2.85, Guardian Holdings closed at $16.15, with 13,921 shares changing hands. JMMB Group remained at $1.27, with trades of 35,581 shares, Scotiabank held firm at $58, with an exchange of 6,094 shares valued at $353,452, Scotia Investments traded 15,750 shares at $2.50 and Trinidad & Tobago NGL closed at $21.01 trading 8,343 shares.

NCB dominates trading Wednesday

NCBFiniancial Group traded more than 4 million shares on Wednesday.

NCB Financial Group dominated trading with more than 4 million shares valued at $286,797,356. The trade accounted for 92 percent of the value traded on the main market of the Jamaica Stock Exchange on Wednesday.
Trading in the main market ended with 5,393,689 units valued at $311,918,709. The US dollar market accounted for 195,859 units valued at US$55,370. On Tuesday, the main market accounted for 1,999,970 units valued at just $31,629,345, well below normal levels.
At the close of the market, the All Jamaica Composite Index rose 338.37 points to close at 262,492.90, the JSE Market Index gained 308.29 points to 239,160.76 and the JSE US dollar market index lost 0.43 points to 214.03.
At the close of trading, 25 securities changed hands with 3 trading in the US dollar market, leading to 7 stocks advancing and 9 declining.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 215,748 units valued at a mere $12,476,748 for each security traded, compared to an average of 74,073 units valued at $1,171,457 on Tuesday. The average volume and value for the month to date ended at 116,619 units with an average value of $4,001,676 compared with an average of 91,837 units with an average value of $1,882,908 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
In market activity, Barita Investments traded 8 cents lower to close at $7.02, with an exchange of 1,500 shares, Berger Paints closed at $19.50, with gains of 75 cents, trading 2,417 shares, Cable and Wireless exchanged 171,723 stock units at $1.25, Caribbean Cement closed at $28.82, losing 18 cents with 97,166 shares traded, Carreras lost 1 cent, closing at $84, with 53,352 shares changing hands, Grace Kennedy closed at $42.95, with 12,043 units trading, Jamaica Broilers traded 25,692 shares at $17.50, , Jamaica Producers lost 10 cents to close at $16, with 12,947 units changing hands. Jamaica Stock Exchange closed at $7.10, trading 37,700 shares, JMMB Group exchanged 236,760 units at $20, with a loss of 88 cents, Kingston Wharves closed at $31 while losing of 40 cents in exchanging 24,529 shares, Mayberry Investments gained 9 cents to close at $5.08, with 90,380 shares traded, NCB Financial Group closed at $70, after losing 80 cents in exchanging 4,079,621 shares, 138 Student Living closed at $4.49 trading 1,055 units, 1834 Investments gained 12 cents to close at $1.55, with 2,498 shares changing ownership. PanJam Investment closed at $34.70, with an exchange of 19,793 shares, Portland JSX traded 2,800 units at $10.15, Radio Jamaica gained 2 cents to close at $1.67 exchanging 195,500 shares, Sagicor Group closed at $34.25, losing 55 cents with an exchange of 30,881 shares, Sagicor Real Estate Fund traded 41,866 shares at $11. Scotia Group closed at $43.50 exchanging 60,031 shares, Scotia Investments traded 15 cents higher to close at $38, with 111,026 shares changing ownership, Seprod closed at $29.90, trading 12,511 shares while Supreme Ventures gained 10 cents to close at $7.50 exchanging 26,886 shares. Margaritaville Turks gained 0.01 US cent to close at 35 US cents, with 6,500 ordinary shares changing hands, Proven Investments lost 0.29 US cents in trading 188,359 ordinary shares at 28 US cents, Sterling Investments US ordinary share, closed at 11 US cents with 1,000 units exchanged and JMMB Group 7.5% preference share closed at $1.15, with trades of 43,012 units.

 

Falling stocks pressure TTSE market index

Market activity on the Trinidad & Tobago Stock Exchange closed on Wednesday with the market indices declining and with 14 securities changing hands, the same as on Tuesday but with higher volumes traded.
A total of 402,382 shares were exchanged at a value of $1,582,095 compared to Tuesday’s trades of 250,286 valued at $2,050,058 with 1 stock advancing, 5 declining and 8 holding firm.
The Composite Index lost 2.53 points to 1,213.85, the All T&T Index fell 0.42 points to 1,792.75 and the Cross Listed Index declined 0.64 points to close at 85.10.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| Trinidad & Tobago NGL gained 1 cent to close at $21.01, trading 12,408 shares.
Losses| First Caribbean International closed at $7.70, losing 5 cents with 23,000 shares changing hands, Massy Holdings lost 4 cents to close at $51.05 with trades of 1,541 shares, National Flour Mills traded 10 cents lower, closing at a 52 weeks’ low of $2.20 exchanging 90,765 shares, NCB Financial Group closed at $3.96, with a loss of 9 cents trading 89,000 shares valued at $354,700 and Trinidad Cement lost 1 cent to close at $4.19, with 14,367 shares changing hands.
Firm Trades| Ansa McAL held firm at $66, with an exchange of a mere 3 shares, Ansa Merchant Bank traded 466 shares at $40, Clico Investment exchanged 3,835 shares at $22.50. Grace Kennedy closed at $2.85, with 50,000 shares changing hands, JMMB Group remained at $1.27, with 96,730 shares, Prestige Holdings closed at $10.81 exchanging 24 shares. Scotiabank exchanged 533 shares at $58 and Scotia Investments traded 19,710 shares at $2.50.

Jamaica main market stocks fall -Tuesday

Trading in the main market of the Jamaica Stock Exchange closed on Tuesday with more stocks declining than rising leading to a second straight days of decline in the market indices. At the close the All Jamaica Composite Index declined 620.51 points to 262,154.53, the JSE Market Index fell 565.35 points to 238,852.47 and the JSE US dollar market index lost 1.08 points to 214.46.
Trading ended with 28 securities changing hands with 1 trading in the US dollar market, leading to 10 stocks advancing and 13 declining. Trading in the main market ended with 1,999,970 units valued at just $31,629,345 changing hands compared to 1,059,661 units valued at a mere $8,670,794 at the close on Monday. Trading in the US dollar market accounted for 52,647 units valued at US$14,909.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 7 stocks with bids higher than their last selling prices and 3 with lower offers.
The main market ended trading with an average of 74,073 units valued at a mere $1,171,457 for every security traded compared to an average of 36,540 units valued at a mere $298,993 on Monday. The average volume and value for the month to date ended at 91,837 units with an average value of $1,882,908 compared with an average of 97,758 units with an average value of $2,120,059 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
In market activity, Berger Paints closed at $18.75, with gains of 75 cents exchanging 131,922 shares, Cable and Wireless lost 5 cents to close at $1.25 trading 23,220 stock units, Caribbean Cement traded 9,754 shares at $29, Carreras added 1 cent, in closing at $84.01, with 2,961 shares changing hands, Grace Kennedy closed at $42.95, losing 5 cents trading 9,185 units, Jamaica Broilers traded 46 cents lower to close at $17.50, with 83,176 shares being exchanged, Jamaica Producers gained 10 cents to close at $16.10, with 76,301 units changing hands. Jamaica Stock Exchange closed at $7.10, with a loss of 29 cents trading 7,200 shares, JMMB Group traded 132,068 units at $20.88, with gains of 38 cents, Kingston Wharves lost 60 cents, in closing at $31.40, while exchanging 3,034 shares, Mayberry Investments gained 29 cents to close at $4.99, trading 11,005 shares, NCB Financial Group closed at $70.80, gaining 25 cents after exchanging 94,931 shares, 1834 Investments lost 7 cents to close at $1.43 trading 7,000 shares. Palace Amusement soared to an all-time high of $340, gaining $110 with just 103 shares traded, PanJam Investment closed at $34.70, with a loss of 30 cents, trading 131,937 shares, Portland JSX closed at $10.15, with 1,000 shares changing hands, Pulse Investments traded $1.50 lower to close at $14.50, with 24,000 shares exchanged, Radio Jamaica lost 5 cents to close at $1.65 in trading 553,296 shares, Sagicor Group added 55 cents to close at $34.80, with an exchange of 11,800 shares while Sagicor Real Estate Fund lost 50 cents to close at $11, with 22,715 shares changing hands. Salada Foodsadded 95 cents, closing at 52 weeks’ high of $10, with 2,000 shares. Scotia Group fell 30 cents, closing at $43.50 exchanging 96,431 units, Scotia Investments traded $1.35 higher to close at $37.85, with 20,165 shares, Seprod closed at $29.90, trading 17,520 shares while Supreme Ventures lost 9 cents to close at $7.40 exchanging 524,816 shares. Proven Investments traded down marginally with 52,647 ordinary shares at 28.29 US cents, Jamaica Money Market Brokers 7.5% preference share closed at $2 with trades of 1,492 units and JMMB Group 7.5% preference share closed at $1.15 exchanging 938 units.

NCB at new high on TTSE

NCBFG trades at new high in Trinidad on Tuesday.

Trading on the Trinidad & Tobago Stock Exchange on Tuesday resulted in 14 securities changing hands compared to 13 on Monday and closed with 2 stocks advancing, 4 declining and 8 unchanged as 250,286 shares were traded at a value of $2,050,058 compared to Monday’s 302,101 shares valued at $2,780,408.
The Composite Index rose 1.07 points to 1,216.38, the All T&T Index lost 0.05 points to 1,793.17 and the Cross Listed Index gained 0.30 points to close at 85.74.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 5 with lower offers, with NCB Financial Group trading at a 52 weeks’ high.
Gains| Guardian Holdings gained 5 cents to close at $16.15, with 11,185 shares trading and NCB Financial Group closed at a 52 weeks’ high of $4.05, with gains of 5 cents in exchanging 1,000 shares.
Losses| JMMB Group lost 1 cent, closing at $1.27, with 90,416 shares changing hands, Massy Holdings closed at $51.09, losing 1 cent with only 4 shares being exchanged, Prestige Holdings traded 9 cents lower to close at $10.81 in trading 365 shares and Sagicor Financial closed at $8.89, with a loss of 1 cent after exchanging 1,100 shares.
Firm Trades| Clico Investment closed at $22.50, with an exchange of 49,200 shares valued at $1,107,000, First Citizens traded 1,313 shares at $31.85 while First Caribbean International exchanged 24,500 shares at $7.75. Grace Kennedy closed at $2.85, with 53,947 shares changing hands, National Flour Mills held firm at $2.30, with trades of 20 shares, Point Lisas closed at $4 exchanging 216 shares. Republic Financial Holdings closed at $101.90 trading 2,020 shares and Scotia Investments exchanged 15,000 shares at $2.50.

Paltry Jamaica Stock Exchange trades – Monday

Trading in the main market of the Jamaica Stock Exchange closed on Monday with a sharp fall in volume and value traded and a drop in the market indices. The All Jamaica Composite Index declining 1,197.69 points to close at 262,775.04, the JSE Market Index fell 1,091.23 points to 239,417.82 and the JSE US dollar market index closed at 215.54.
At the close of trading, 31 securities changed hands with 2 trading in the US dollar market, leading to 10 stocks advancing and 9 declining. Trading in the main market ended with 1,059,661 units valued at just $8,670,794 changing hands, compared to a much higher, 3,774,318 units valued at $94,412,872 at the close on Friday. Trading in the US dollar market accounted for 98,500 units valued at US$28,311.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 7 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 36,540 units valued at a mere $298,993 for every security traded, compared to an average of 145,166 units valued at $3,631,264 on Friday. The average volume and value for the month to date ended at 97,758 units with an average value of $2,120,059 compared with an average of 128,368 units and $3,030,592 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
In market activity, Berger Paints closed at $18, with a loss of 64 cents exchanging 41,750 shares, Cable and Wireless closed at $1.30 trading 62,785 stock units, Caribbean Cement traded 99 cents lower to close at $29, with an exchange of 3,486 shares, Carreras lost $5 with 950 shares changing hands and closed at $84, Grace Kennedy advanced $2.01 to close at $43, trading 28,738 units, Jamaica Broilers closed at $17.96, gaining 6 cents with 38,773 shares being exchanged, Jamaica Producers lost 50 cents to close at $16 trading 43,524 units. Jamaica Stock Exchange closed at $7.39 with an exchange of 21,947 shares, JMMB Group traded 36,475 units at $20.50, Kingston Properties traded 49 cents higher to close at $11.49, with 1,224 shares changing owners, Kingston Wharves exchanged 1,108 shares at $32, Mayberry Investments lost 5 cents to close at $4.70, with an exchange of 50,700 shares, NCB Financial Group closed at $70.55, losing 44 cents after exchanging 6,431 shares, 138 Student Living exchanged 2,900 stock units at $4.49 and 1834 Investments gained 10 cents to close at $1.50 trading 16,000 shares. PanJam Investment closed at $35 trading 3,430 shares, Portland JSX lost 35 cents to close at $10.15, with 3,700 shares changing hands, Pulse Investments traded $2 lower to close at $16, with 9,313 shares, Radio Jamaica exchanged 145,825 shares at $1.70, Sagicor Group added 5 cents to close at $34.25 trading 39,824 shares and Sagicor Real Estate Fund rose 82 cents to close at $11.50, with 2,177 shares changing hands. Salada Foodsgained 55 cents, closing at $9.02, with an exchange of 350 shares, after trading at a 52 weeks’ intraday high of $10. Scotia Group dropped $2.10 and closed at $43.80, exchanging 6,424 shares, Scotia Investments traded $1.35 lower to close at $36.50, with 750 shares changing ownership, Seprod closed at $29.90, with gains of 38 cents trading 500 shares, Sterling Investments closed at $16.90, gaining $1.40 with 5,000 shares changing hands while Supreme Ventures added 29 cents to close at $7.49 exchanging 62,690 shares. Margaritaville Turks exchanged 4,500 units at 34 US cents, Proven Investments traded 94,000 ordinary shares at 28.49 US cents, Jamaica Money Market Brokers 7.5% preference share closed at $2 with trades of 5,984 units and JMMB Group 7.5% preference share closed at $1.15 exchanging 415,000 units.

 

Berger & Scotia Group jump TOP 10

Scotiabank jumped out of TOP 10.

The main market of the Jamaica Stock Exchange, moved forward on each day of the past week except for a fall on Thursday to sit close to the all-time high on Friday. Movement in the Junior Market was up and down but a few stocks traded at new highs during the week.
In the main market, IC Insider downgraded the earnings of Carreras to $9 after the company reported full year results, the stock jumped to a record $89 at the close of the week and is out of the top listing. Carreras exit allowed for Jamaica Broilers to return to the main market listing. Jetcon Corporation returns to the Junior Market list and Lasco Financial moves out of the TOP 10.
The week’s movement continue to be constrained by near term resistance levels which could be acting as short term restraint to a break out from current levels.
The average PE ratio for the Junior Market Top stocks is 7.5 and 6.8 in the main market, these compare favourably with 13.7 for the overall main market and 13.4 for Junior Market, based on 2017 estimated earnings. With several stocks trading below the average, the potential for more gains for the rest of 2017 seems positive, barring any major negative developments.
In the main market, decline in the prices of Seprod down to $30 and Sterling Investments to $15.50 moved them into the top list and replaced Berger Paints and Scotia Group that maintained their prices and are now some distance from the top list.
Recent TOP 10 listings that remain just below the top spots include Access Financial that hit a new record high close of $50 and Blue Power up to $55 at the close of the week.

Falling prices hit TTSE on Monday

Trading on the Trinidad & Tobago Stock Exchange was dominated by on Monday by Sagicor Financial, accounting for 70 percent of the volume and 68 percent of the value traded. The market closed with 302,101 shares trading, valued at $2,780,408 compared to Friday’s paltry 39,197 shares valued at $1,384,254.
At the close, no stock advanced, 4 declined while 9 were unchanged, resulting from 13 securities changing hands, the same as on Friday.
The Composite Index declined 0.84 points to 1,215.31, the All T&T Index fell 0.09 points to 1,793.22 and the Cross Listed Index dropped 0.22 points to close at 85.44.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 3 with lower offers.
Losses| Angostura Holdings lost 1 cent to close at $15, with 470 shares changing hands, Calypso Macro Index Fund traded 10 cents lower, to close at a 52 weeks’ low of $21.40 with only 30 shares exchanged, Grace Kennedy closed at $2.85, with a loss of 5 cents trading 29,434 shares and Sagicor Financial closed at $8.90, after losing 9 cents and trading 212,206 shares valued at $1,888,727.
Firm Trades| Clico Investment exchanged 238 shares at $22.50, First Citizens traded 1,915 shares at $31.85, JMMB Group closed at $1.28, with an exchange of 1,493 shares. National Flour Mills closed at $2.30, with 100 shares changing hands, Readymix held firm at $11 exchanging 990 shares, Scotiabank remained at $58, trading 9,740 shares valued at $564,920. Scotia Investments closed at $2.50 while exchanging 41,935 shares,Trinidad Cement closed at $4.20 trading 1,404 shares and Trinidad & Tobago NGL traded 2,146 shares at $21.

Cable Bahamas to trade at $1m each

Kino Williamson (l), Head of Finance, Cable Bahamas, Scotia Investment CEO, Lissant Mitchell. Also sharing the moment (from left) are Marlene Street Forrest, Managing Director Jamaica Stock Exchange, John Gomez, COO Cable Bahamas and Dylan Coke, of Scotia Investments

The Bahamian based telecommunication group, Cable Bahamas (CBL) listed two preference shares on the Jamaica Stock Exchange (JSE) on Friday. The shares represent capital raised in Jamaica and US dollars in Jamaica by way of private placements. The stock listed on the Jamaican dollar preference section of the local market will trade with a minimum of $1 million each.
A total of J$1.9 billion was raised, comprising two preference shares at 8 percent each, amounting to US$4.9M and J$1.35 billion from a number of institutional investors arranged by Scotia Investments. The funds raised were used to launch its mobile telephony services in the Bahamas.
“Scotia Investments is pleased to have been able to support CBL in listing these bonds on the Stock Market. Being able to do a transaction like this – a preference share, listed on the JSE, for an overseas issuer – is further evidence of the depth and sophistication of Jamaica’s capital markets” said Dylan Coke, Scotia Investments, VP Organization & Capital Markets.
Cable Bahamas is a public company incorporated on September 1994 under the laws of The Bahamas and listed on the Bahamas International Securities Exchange. Subsidiaries provide cable television and related services, national and international data services, internet services, telephony and wireless, web hosting and business continuity services. The subsidiaries of the company include Cable Freeport Ltd., Caribbean Crossings Ltd., Maxil Communications Ltd., Systems Resource Group Ltd., and Be Aliv Ltd.
The group which were already providing landline telephone service, commenced Cellular phone service late in 2016 after receiving a cellular license. According to the Group’s CEO John Gomez we have around 30 percent of the mobile market with an overall market size of BH$300 million.
The company is not considering listing the ordinary shares in Jamaica at this time but are open to considering it at some point in the future, the groups’ Kino Williamson (l), Head of Finance advised IC Insider.com.