RJR & General Accident in Top 5

JM indxPrices on the Jamaica Stock Exchange are on the move again as the last quarter of the year approaches. As prices rise so does the PE ratio. The top PE in the main market is at 17 while in the junior market is around 18.
Charts of both markets show them in a bullish state, with the markets hitting higher lows and higher highs, a strong indication that they will be moving higher. More than 50 percent of main and junior market stocks are priced below the markets average PE of 9.5 and 10.4 respectively.
Against this background, IC Insider’s Top 5 selection has one new listing in the main and junior market list as Grace Kennedy and Jetcon Corporation are replace by Radio Jamaica and General Accident in position 5 and 4 respectively. Jetcon hit new highs during the week and closed at $4.70 up from $4.35 at the start of the week. Radio Jamaica earnings have been upgraded to 25 cents per share with increased revenues and cost cutting. General Accident is not without risk but earnings for 2016 are up 155 percent against a battered first half of 2015 and 2016 should better the 31 cents earned for the 2015 financial year.
AMG Packaging remains at the top of the junior market list even as the price moved up while JMMB Group is atop the main market with Caribbean Cement drops to 4th with a rise of $4 during the week. Investors attempted to trade Carib Cement at $34 but market breaker stop it from standing the stock which closed at $30 traded as high as $32. There are just six offers in the market starting at $34 and worth keeping an eye on this one for more gains this week. Barita Investments traded up to $4 during the past week and could well end back at this level during the days ahead as supply declines and demand increases.
Top 5 stks 24-9-16Watch these stocks for action this week – Access Financial Services with the bid at $18.50 with no stock on offer, Blue Power with a wide gap between bid and offer, Cargo Handlers with the bid moving away from the last sale price of $86.10 with the offer at $100. Caribbean Cream with increasing demand, Caribbean Producers gaining support after poor full year results, Derrimon Trading and General Accident with bids getting stronger, Jetcon Corporation with supply and increasing interest, Medical Disposables and tTech with supplies.
From the main market the main action could come from the following, Barita Investments, Caribbean Cement, Jamaica Stock Exchange, JMMB Group, Radio Jamaica, Sagicor Group, Scotia Group, Seprod and Sterling Investments.

JSE stocks in sharp 3 day jump

JSE building Stocks had a bullish day on Wednesday on the Jamaica Stock Exchange, as advancing stocks had a near 2 to 1 advantage over declining ones. The market indices climbed sharply as the all Jamaican Composite Index jumping nearly 2,000 points, but trading resulted in much less volumes passing through the market compared with Tuesday.
At the close of the market prices of 21 securities gained out of a total of 46 trading, while 12 declined in the overall market, including 6 stocks rising and 5 falling, in the junior market.
At the close, 4,442,113 units valued at $19,544,716, changed hands, compared to the 7,614,266 units valued at $192,616,632 changing hands on Tuesday. The junior market accounted for 635,440 units valued at $2,690,732 of the total traded on Wednesday.
The market index ended with good gains, with the JSE Market Index climbing 1,733.79 points to end at 163,116.10. The all Jamaica Composite Index jumped 1,938.97 points to close at 181,255.14 and the JSE combined index surged 1,432.39 points, to end at 174,909.53.
ICI JSE sum 21-09-16 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 12 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Barita Investments traded 47,767 shares and gained 50 cents to close at $4, Berger Paint lost 35 cents to close at $4.70 with 11,300 units, Cable & Wireless continues to garner more support and rose 1 cent to close at 95 cents, with 22,766 units changing hands. Caribbean Cement jumped $1.54, to close at $27.54 with 126,265 units changing hands, Carreras fell 50 cents and closed at $65 with 17,705 units trading, Grace Kennedy rose 31 cents, with 3,196 shares changing hands at $42.80, Jamaica Broilers had 107,149 shares changing hands and gained 6 cents to end at $15.06. Jamaica Producers ended with a gain of 20 cents to close at $8.50 with 22,250 units trading, Jamaica Stock Exchange fell 40 cents to end at $27 while trading 11,327 shares, JMMB Group traded 359,924 units and rose 26 cents to $10.25. Kingston Wharves traded 7,500 shares to close at $17.10, after rising 10 cents, National Commercial Bank traded 3,182 shares and closed with a gain of $1 at $42,ICI JSE fn qt 21-09-16 Pan Jamaican Investments gained 5 cents and closed at $24 after trading 11,100 shares. Radio Jamaica ended with 72,000 units trading at $1.42, Sagicor Group traded 6,400 shares to close at $23.02. Sagicor Real Estate Fund traded 1,044 shares to close with at $10.35 with a 15 cents rise, Scotia Group gained 1 cent to close at $30.51 with 29,975 shares changing hands, Scotia Investments had 8,090 units changing hands at $26, for a loss of 10 cents. Seprod closed at $21 with 3,764 shares trading, Sterling Investments fell 75 cents to close at a new high of $14.25 with 16,963 units changing hands. Jamaica Money Market Brokers 7.25% preference share traded 20,000 units at $2.40, JMMB Group 7.50% preference share traded 2,341,500 units at $1.10 and Jamaica Money Market Brokers 7.50% preference share traded 549,576 units at $2.10.

JSE stocks make strong gains – Tuesday

$85 million of NCB's shares traded on Tuesday

$85 million of NCB’s shares traded on Tuesday

Stocks mostly rose on the Jamaica Stock Exchange on Tuesday, with a slight deterioration compared to Monday, in the number of advancing stocks versus declining ones. The market indices climbed sharply but with much less volumes passing through the market on Monday.
At the close of the market, prices of 16 securities gained out of a total of 40 trading, while 13 declined in the overall market, including 5 stocks rising and 6 falling, in the junior market.
At the close, 7,614,266 units valued at $192,616,632, changed hands, compared to the 12,416,676 units valued at $159,207,495 changing hands on Monday. The junior market accounted for 907,063 units valued at $3,876,442 of the total traded on Tuesday. Carreras accounted for $66,047,705 and National Commercial Bank $85,057,375 of the value of stocks traded amounting to 78 percent of all trades.
The market index ended with good gains, with the JSE Market Index climbing 1,241.23 points to end at 161,382.31. ICI JSE sum 20-09-16The all Jamaica Composite Index jumped 1,388.13 points to close at 179,316.17 and the JSE combined index surged 1,067.23 points, to end at 173,477.14.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 15 stocks with bids higher than their last selling prices and 7 with lower offers.
In market activity, Barita Investments gained 25 cents to close at $3.50 on Monday and seems set to rise further with the bid at $3.75 to buy 40,00 units, the stock is on offer at $4 to sell 47,767 shares at the close. Cable & Wireless continues to garner support in the mid 90 cents region and seems to be heading back over $1, but it shed 1 cent and closed at 94 cents, with 381,613 units changing hands, Caribbean Cement lost 60 cents, to close at $26 with 456,774 units changing hands. Carreras closed at $65.50 with 1,016,110 units trading, slightly less than the 1,137,767 shares traded on Monday, Grace Kennedy lost 1 cent, with 104,303 shares changing hands at $42.49, Jamaica Broilers had 88,541 shares changing hands and gained 45 cents to end at $15. Jamaica Producers ended with a loss of 20 cents to close at $8.30 with 175,143 units trading, Jamaica Stock Exchange fell 10 cents to end at $27.40 while trading 5,623 shares, JMMB Group traded 3,579 units and rose 18 cents to $9.99. Kingston Wharves traded 10,455 shares to close at $17, after falling 50 cents, ICI JSE fn qt 20-09-16 National Commercial Bank traded 2,083,020 shares and closed at $41. The price of 138 Student Living remained unchanged at $4.70, after 158,000 units changed hands, Pan Jamaican Investments gained 45 cents and closed at $23.95 after trading 7,185 shares.Portland JSX ended with 12,000 units trading at $11.39, Sagicor Group traded 103,169 shares and gained 21 cents to close at $23.02, Sagicor Real Estate Fund traded 21,100 shares to close with at $10.20. Scotia Group gained 49 cents to close at $30.50 with 7,349 shares changing hands, Scotia Investments had 133,013 units changing hands at $26.10, for a gain of 1 cent, Seprod fell by 50 cents to close at $21 with 2,724 shares trading, Sterling Investments gained 88 cents to close at a new high of $15 with 5,098 units changing hands, Supreme Ventures rose 20 cents to close at $4.90 with 1,874,873 units changing hands and Proven Investments closed at 19.99 US cents with 49,700 units trading.

Rising JSE’s stocks doubled – Monday

Add your HTML code here...

Supreme Ventures traded the most shares on Monday with 6.9m units

Supreme Ventures traded the most shares on Monday with 6.9m units

Stocks mostly rose on Monday with the number doubling the gains on Friday with losers up moderately. The market indices climbed sharply as advancing stocks beat out number declining stocks 2 to 1 but with much less volumes passing through the market compared to the heavy trading on Friday.
At the close of the market prices of 19 securities gained out of a total of 38 trading, with 11 declining, in the overall market, including 4 stocks rising and 5 falling, in the junior market.
At the close, 12,416,676 units valued at $159,207,495, changed hands, compared to the 56,335,591 units valued at $1,576,979,024 changing hands on Friday. The junior market accounted for 835,628 units valued at $4,086,204 of the total traded on Monday. The big trade of the day was Supreme Ventures with 6,871,362 units valued at $32,318,545 changing hands to close at $4.70 after falling 28 cents. Carreras traded over 1 million shares at a value of $73,955,605.
The market index ended with good gains, with the JSE Market Index climbing 892.01 points to end at 160,141.08. The all Jamaica Composite Index rose 997.57 points to close at 177,928.04 and the JSE combined index surged 1,128.53 points, to end at 172,409.91.
At the close, IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 16 stocks with bids higher than their last selling prices and 3 with lower offers.
ICI JSE sum 19-09-16In market activity, Barita Investments rose 25 cents and ended with 61,030 units changing hands to close at $3.50, investors pushed the price of Cable & Wireless up by 15 cents to close at 95 cents and picked up 1,594,615 units as selling of the stock abates. Caribbean Cement rose 60 cents, to close at $26.60 with 10,315 units changing hands, Carreras traded 1,137,767 shares to close at $65.50, Investors traded 49,527 shares of 1834 Investments to close with a loss of 6 cents at $1.18, Grace Kennedy lost 50 cents, with 394,085 shares changing hands at $42.50. Jamaica Broilers had 678,683 shares changing hands and gained 5 cents to end at $14.55, Jamaica Producers ended with a gain of 10 cents to close at $8.50 with 108,851 units trading, Jamaica Stock Exchange gained $1 to end at $27.50 while trading 15,168 shares, JMMB Group traded 1,200 units and rose 1 cent to $9.81. Kingston Wharves traded 6,161 shares to close at $17.50, after falling 5 cents, Mayberry Investments had 12,000 shares changing hands, to close with a rise of 5 cents at $3.55, ICI JSE fn qt 19-09-16National Commercial Bank jumped by $1 with 321,588 shares trading and closed at $41, the price of 138 Student Living remained unchanged at $4.70, after 7,150 units changed hands. Pan Jamaican Investments lost just 1 cent and closed at $23.50 after trading 185,496 shares. Radio Jamaica rose 2 cents and closed at $1.42 after 8,000 shares changed hands, Sagicor Group traded 24,120 shares and fell 29 cents to close at $22.81. Sagicor Real Estate Fund traded 38,153 shares to close with a gain of 8 cents at $10.20, Scotia Group gained 30 cents to close at $30.01 with 6,124 shares changing hands. Seprod gained 99 cents to close at $21.50 with 2,333 shares trading and Proven Investments gained 0.95 19.99 US cents.

Junior market jumps sharply

Trading on the Jamaica Stock Exchange, saw big gains in the market indices with the junior market out pacing the gains with a jump of 42 points or 1.8 percent and led the combined index to gain over 1,000 points in the early morning session.
ici Int -19-9-16The market commenced the week with more than 1 million shares each trading in Cable & Wireless 1,591,675 units as the price held firm, Carreras traded 1,136,267 units as the price fell 50 cents for and National Commercial Bank had 319,588 shares trading at $40. Volume traded in other stocks was very moderate.
Barita Investments traded 9,250 shares at $3.51 with the price gaining 26 cents, Mayberry Investments traded 500 and gained 35 cents to $3.85, Seprod gained 99 cents in trading 1,000 shares at $21.50 and Jamaican Teas gained 40 cents in trading 27,700 shares at $4.
At 10:45 am 20 securities traded, resulting in a volume of 3,175,290 shares changing hands compared to 33,336,371 shares carrying a value of $1,215,936,825 on Friday. The average number of shares traded amounts to 158,765 units compared to 1,515,290 units on Friday. The number of stocks falling are 4 while the prices of 9 securities rose as the market continues to consolidate.
The all Jamaica Composite Index gained 813.86 points to 177,744.33, the Jamaica Stock Exchange Market Index climbed 727.73 points to 159,976.80, the Jamaica Stock Exchange combined index jumped 1,106.08 points to close at 172,387.46 and the junior market index rose 41.88 points to 2,338.84.

10 JSE stocks rise 10 fall -Friday

Grace Kennedy traded nearly 28M shares on Friday.

Grace Kennedy traded nearly 28M shares on Friday.

Grace Kennedy traded nearly 28 million shares valued at $1,162,148,683 to be the dominant trade for the day on the Jamaican stock market. Scotia Group traded early in the morning session at $32.40 that helped push the indices over 3,000 points at one stage but the stock fell back and helped to put the main indices into negative territory more than 1,000 points, at the close.
Trading led to the prices of 10 securities gaining out of a total of 37 that traded, with 10 declining in the overall market, including 5 stocks rising and 2 falling, in the junior market.
At the close of the market to 56,335,591 units valued at $1,576,979,024, changed hands, compared to the 2,177,808 units valued at $15,988,922 changing hands on Friday. The junior market accounted for 4,977,327 units valued at $32,514,713 of the total traded on Friday.
ICI JSE sum 16-09-16At the close of trading, the JSE Market Index dived 1,017.74 points to end at 159,249.07. The all Jamaica Composite Index dropped 1,138.18 points to close at 176,930.47 and the JSE combined index sank 749.64 points, to end at 171,281.38.
At the close, IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 14 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, investors picked up 2,041,685 units of Cable & Wireless, the price gained 2 cents in closing at 80 cents, Caribbean Cement fell by $1 to close at $26 with 992,947 units changing hands, Carreras traded 40,840 shares and lost 52 cents to close at $65.50, Grace Kennedy gained $1.55, with 27,892,196 shares changing hands at $43. Jamaica Broilers had 8,030,326 shares changing hands and fell 5 cents to end at $14.50, Jamaica Producers ended unchanged at $8.40 with 509,740 units trading, Jamaica Stock Exchange fell by 50 cents to end at $26.50 while trading 10,200 shares, JMMB Group traded 4,116,935 units and lost 20 cents to $9.80. Kingston Wharves traded 1,800 shares to close at $17.55, Mayberry Investments ended with 2,292,911 shares changing hands, to close at $3.50, ICI JSE fn qt 16-09-16 National Commercial Bank had 3,037,523 shares trading and closed with a loss of 25 cents at $40, Pan Jamaican Investments lost 94 cents and closed at $23.51 after trading 326,021 shares. Pulse Investments traded 37,200 shares with a rise of 35 cents to close at $4, Radio Jamaica closed at $1.40 after 110,101 shares changed hands, Sagicor Group traded 358,270 shares while gaining 53 cents to close at $23.10. Sagicor Real Estate Fund traded 4,590 shares to close with a fall of 3 cents at $10.12, Scotia Group dropped $1.80 to close at $30.71 with 1,238,805 shares changing hands. Seprod gained 81 cents to close at $20.51 with 12,000 shares trading and Proven Investments gained 0.95 cent with 297,060 units changing hands to close at 19.99 US cents.

20 JSE stocks rose – Wednesday

Advancing stocks outnumber declining ones on Wednesday almost 2 to 1.

Advancing stocks outnumber declining ones on Wednesday almost 2 to 1.

Jamaican main market stocks, slipped on a day when the number of securities rose close to record levels, for the overall market on Wednesday. Trading led to the prices of 20 securities gaining out of a total of 46 that traded, with 13 declining in the overall market, including 6 stocks rising and 7 falling, in the junior market.
At the close of the market to 6,452,961 units valued at $39,142,493, changed hands, compared to the 3,862,389 units valued at $14,970,110 changing hands on Tuesday. The junior market accounted for 3,294,451 units valued at $15,960,574 of the total traded on Wednesday.
At the close of trading, the JSE Market Index declined 230.01 points to end at 159,370.56. The all Jamaica Composite Index fell 257.23 points to close at 177,066.34 and the JSE combined index lost 129.39 points, to end at 171,162.18.
ICI JSE sum 14-09-16At the close, IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 11 stocks with bids higher than their last selling prices and 4 with lower offers, suggesting continued fluidity in price movements immediately ahead.
In market activity, Berger Paints traded 29,614 units and rose 6 cents to end at $5.05, investors picked up just 255,635 units of Cable & Wireless, the price rose 1 cent in closing at 80 cents, Caribbean Cement traded 19,195 shares to close with a gain of 59 cents at $26.59. Carreras traded 6,001 shares and fell 42 cents to close at $65.60, Investors traded 51,984 shares of 1834 Investments to close with a loss of 1 cent at $1.24, Grace Kennedy ended at $41.45, with 5,982 shares changing hand, Jamaica Broilers lost 20 cents with 91,362 shares changing hands, to end at $14.55. Jamaica Producers ended at $8.50 with 34,510 units trading, Jamaica Stock Exchange ended at $26.50 while trading 5,000 shares, JMMB Group traded 24,877 units and fell 10 cents to $9.90. Kingston Wharves fell $1.20 in trading 1,032 shares to close at $16.20, Mayberry Investments ended with 535,795 shares trading at $3.50, National Commercial Bank had 7,738 units changing hands, to close with a gain of $1.15 at $40.25, trading in shares of 138 Student Living, ended with 641,007 units changing hands, to gain 20 cents at the close at $4.70. Pan Jamaican Investments gained 40 cents and closed at $24.40 after trading 123,656 shares, ICI JSE fn qt 14-09-16Radio Jamaica closed at $1.40 after 5,000 shares changed hands, Sagicor Group traded 44,896 shares while rising 50 cents to close at $23.10, Sagicor Real Estate Fund traded 16,000 shares to close with a gain of 20 cents at $10.35. Scotia Group closed with a gain of 50 cents at $30.50 with 112,598 shares changing hands, Scotia Investments had 196,976 units changing hands at $26, Seprod gained 1 cent to close at $19.51 with 5,000 shares trading, Supreme Ventures dipped 23 cents with 57,000 units changing hands to close at $4.75. JMMB Group 7.50% preference share rose 1 cent in trading 377,528 units to close at $1.09 and Jamaica Money Market Brokers 7.50% preference share closed with 500,000 units changing hands for a 1 cent rise to $2.09.

17 JSE stocks drop on Friday

Scotia Group dropped $1.95& helped to pull the market index down on Friday

Scotia Group dropped $1.95& helped to pull the market index down on Friday

Jamaican stocks suffered reversal from the gains on Thursday to end Friday with much more losses than gains. On Friday with falling prices outnumbered advancing stocks more than 2 to 1 leading to big falls in the market indices.
At the close of trading, the JSE Market Index sank 1,160.22 points to end at 158,673.33. The all Jamaica Composite Index dropped 1297.53 points to close at 176,286.59 and the JSE combined index dived 1,308.51 points, to end at 170,535.50.
The volume of stocks trading dropped sharply on Friday, with 3,924,169 units valued at $39,797,286, compared to the 6,839,351 units valued at just $23,033,975 changing hands on Thursday. Cable & Wireless dominated trading volume on Thursday with 3.9 million units but traded less than 400,000 shares on Friday.
The junior market accounted for 844,487 units valued at $5,439,011 of the total traded on Friday.
ICI JSE sum 9-09-16At the close of the market prices of just 7 securities gained out of a total of 33 that traded, with 17 declining in the overall market, including 5 stocks rising and 4 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 13 stocks with bids higher than their last selling prices and 6 with lower offers, suggesting continued fluidity in price movements ahead.
In market activity, Berger Paints traded 27,267 shares to end at $5, investors slashed the price of Cable & Wireless by 20 percent, taking it down by 19 cents with 356,419 shares changing hands, to close at 75 cents, the stock remains weak at the close, with lots of selling and little buying interest. Caribbean Cement traded 25,874 shares to close at $25.50, Carreras traded 1,690 shares and fell 77 cents to close at $65.70, The price of 1834 Investments dropped 15 cents in trading at 518,765 shares to end at $1.10, Grace Kennedy dropped $1.54 and ended at $41.45, with 67,952 shares changing hands. Jamaica Broilers had 126,487 shares changing hands, to end with a loss of 8 cents at $14.52. Jamaica Producers ICI JSE fn qt 9-09-16ended at $8.50 with 229,519 units trading, JMMB Group traded 275,597 units and lost 7 cents to $9.88. Kingston Wharves rose $1.30 in trading 9,998 shares to close at $17.40, Mayberry Investments ended with 509,928 shares trading to close at $3.50, National Commercial Bank had 37,402 units changing hands to close with a loss of $1 at $39, Pan Jamaican Investments fell 30 cents and closed at $24 after trading 2,705 shares. Radio Jamaica fell 8 cents to close at $1.40 after 42,764 shares changed hands, Sagicor Group traded 82,050 shares while easing 9 cents off the old price to close at $22.41, Sagicor Real Estate Fund traded 30,540 shares to close at $10.20, Scotia Group dropped $1.95 to close at $29.05 with 549,708 shares changing hands. Scotia Investments had 13,579 units changing hands at $26, Seprod traded 5,400 units but fell $1 to $19.50, Supreme Ventures had 161,905 units changing hands and rose 1 cent to $4.76 and Proven Investments traded 4,133 units to close at 19.87 US cents.

JSE stocks rise again – Tuesday

 JSE stock jumped to $29.50 during trading.

JSE stock jumped to $29.50 during trading.

Jamaican stocks continue to record more gains than losses in trading on Tuesday pulling the market indices up in the process. Trading levels remained very low fell sharply with just 2,652,003 units valued at $16,996,985 compared to the 2,234,793 units valued at $29,276,443 changing hands on Monday’s with, the junior market accounting for 1,397,863 units valued at $6,429,584.
At the close of trading, the JSE Market Index rose 231.36 points to end at 160,155.55. The all Jamaica Composite Index gained 258.74 points to close at 177,944.23 and the JSE combined index climbed 596.35 points, to end at 171,460.13.
At the close of the market prices of 14 securities gained out of a total of 36 that traded, with 12 declining in the overall market, including 7 stocks rising and 5 falling, in the junior market.
ICI JSE sum 6-09-16 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 9 stocks with bids higher than their last selling prices and 4 with lower offers, suggesting continued fluidity in price movements ahead.
In market activity, Berger Paints traded 109,400 shares at $5, Cable & Wireless traded 644,622 shares and closed at $1, Caribbean Cement traded 20,120 shares to end at $25.50, Carreras traded 6,907 shares and fell 6 cents to close at $66.44. Grace Kennedy dropped $1 to end at $42, with 38,441 shares changing hands. Jamaica Broilers had 5,400 shares changing hands, to end with a gain of 8 cents at $14.60, Jamaica Producers ended at $8.50 with 9,360 units trading, after rising by 10 cents, Jamaica Stock Exchange gained 42 cents with 28,280 units changing hands, to a 52 weeks’ closing high of $27.82. The stock traded at new all-time high during the morning session at $29.50, as investors continue to react positively to the announcement of a likely stock split, ICI JSE fn qt 6-09-16 JMMB Group traded 300 units at $9.90. Kingston Wharves traded 29,130 shares and rose 5 cents, to close at $17.55, Margaritaville Turks traded 2,710 shares to close at 21 US cents, National Commercial Bank had 19,809 units changing hands and fell 50 cents, to close at $40, Pan Jamaican Investments climbed 50 cents and closed at $24.50 after trading 7,218 shares. Radio Jamaica lost 2 cents to close at $1.48 with 33,698 shares trading, Sagicor Group lost 20 cents with 100,116 shares changing hands at $22.20, Sagicor Real Estate Fund traded 42,100 shares and rose 5 cents to close at $10.20. Scotia Group added 40 cents to close at $30.10 with 31,800 shares changing hands. Scotia Investments had 4,988 units changing hands at $26, Seprod traded 6,500 units to close at $20.50 and Jamaica Money Market Brokers 7.50% lost 1 cent in trading 108,741 units at $2.09.

More gains ahead for BUY RATED stocks

Image courtesy of suphakit73/FreeDigitalPhotos.net

Image courtesy of suphakit73/FreeDigitalPhotos.net

The stock markets in the Caribbean have not been on anything close to fire; nevertheless, the prices of some stocks continue to climb. The Jamaican market has not been the only one in which gains were recorded in the summer as there has been some rebound in a number of stock prices on the Trinidad market after declines earlier.
The Jamaican market has seen strong reaction by investors on the announcement of stock splits with the price of each company stock climbing. IC Insider added Seprod to the list while lifting the watch on Sagicor Group, thus restoring a BUY RATED status on it. There are no other changes to the list.
AMG Packaging is IC Insider's top junior market stock for growth in the next 12 months.

AMG Packaging is IC Insider’s top junior market stock for growth in the next 12 months.

In the junior market, Access Financial has advanced 97 percent since 2014. However, IC Insider sees earnings of around $3 per share for the current fiscal year, which should continue to propel the stock upward. Caribbean Cream has gained 597 percent since it was added and with IC Insider forecasting around $1.10 per share earnings for the current fiscal year, the stock could be in the teens by 2017.
Caribbean Flavours price lost flight earlier this year, but with reported audited earnings of $0.82 per share, the price is rebounding. Caribbean Producers suffered from competitive pressures in the Jamaican market and wrote down inventory but should see some reversal of that pressure in the New Year.
However, it does not have a high ranking on the BUY RATED list at this time. Dolphin Cove is up 34 percent since its recent elevation to the BUY RATED list and should trend higher. ISP Finance, a recent addition, gained 140 percent since listing. The company is in the process of raising funds through a bond issue, which will provide funding for an expanded loan portfolio. The stock is very scarce, but 2017 could be a big year for the company and the stock.
Investors are ignoring the robust profit performance of Jetcon Corporation but may regret it as the price is likely to grow strongly. Profits have climbed nearly 100 percent over 2015 to June,
Barita is the top IC Insider's stock for growth over the next 12 months in the main market.

Barita is the top IC Insider’s stock for growth over the next 12 months in the main market.

nearly matching the full year earnings of 2015. Paramount  Trading will benefit from expansion into the processing of lubricants in Jamaica and from growth in its traditional business, but this stock has been scare and could benefit from a stock split and tTech, which many may consider fully priced, is enjoying strong sales growth that is certain to boost profits in the periods ahead.
In the main Jamaica stock market, Caribbean Cement remains undervalued and is poised for a big price rise as the company increases revenues from a growing economy and reduce cost. Many investors keep focusing only on the reported earnings, but these include one off cost that should be taken out in assessing earnings and value.
Buy Rated upd 9-16 Better yet, come 2017 the one off costs won’t be there, importantly, not only will the cost relating to staff separation not be there but the ongoing cost for staffing will be reduced by amounts that approximate redundancy cost. GraceKennedy is benefiting from an improving economy locally and overseas and should see more gains ahead in profits and the stock price.
IC Insider sees JMMB Group as highly undervalued with decent profit results for the current fiscal year and could surprise to the upside. Barita Investments is having a better 2016 than 2015 and has a big pool of unrealised investment gains on its balance sheet that can be released to profit at any time. The stock seems poised for more growth in the years ahead. Jamaica Stock Exchange’s stock could trend higher with the expectation of a stock split, the price may be getting a bit rich for much short term gains.
IC Insider considers the future to be bright for the stock, as trading activities rise in future years, consequent on growth in the local economy and further declines in interest rates that are bound to drive more money into the market seeking decent return. National Commercial Bank is on target to earn around $6 per share in 2016 while Scotia Group’s results to July showed strong growth in the second quarter over 2015, suggesting that increased profits are once more on the table for this entity. Investors should consider that the year end for these two entities is September and October as such very early in 2017 fresh results will be out before even some of companies with 2016 December year end, release their final numbers for this year. Seprod is engaged in cutting cost in various areas and with growth in the economy, the company is in a good position to do well for investors.
The Trinidad market remains a tough one with the price of oil under pressure. Trinidad Cement seems the only compelling buy, but pressure in the construction sector will be seen as negative for the company. [Read more…]