Stanley Motta — Page 163

JSE record run shakes up IC TOP 10

May 5, 2019 by IC Insider.com

Five consecutive days of record close, shook up IC Insider.com’s TOP 10 this past week, more shakeup seems possible with a raft of company results set for release, this week.
IC Insider’s long standing TOP 10 main market stock, Caribbean Cement jumped sharply during the week to record high of $100 before closing the week at $80, up $16.60 as investors reacted positively to the strong first quarter results. Sagicor Group rose to close the week at $46.50 and Sygnus Credit Investments moved to $12.50 at the close of the week and moved out of the TOP 10 main market. Jamaica Broilers, Berger Paints and Pulse Investments return to the main market TOP list.
The Junior Market TOP 10, said goodbye to Jamaican Teas that rose to $3.90 and Caribbean Cream. Caribbean Cream earnings for the 2019/20 fiscal year were down grade to 47 cents per share, following the release of 2019 audited financial results. ISP Finance returns to the TOP list after a long absence and AMG Packaging returned after a short time out.
The three leading Junior Market stocks for the coming week are, Elite Diagnostic with likely gains of 233 percent, followed by Lasco Financial with potential gains of 229 percent and Caribbean Producers with projected gains of 221 percent.
Radio Jamaica with potential gains of 175 percent takes over the leadership of main market stocks, from Victoria Mutual Investments with 150 percent likely gain, and now sits in third spot behind Sterling Investments with potential to gain 151 percent.
Wigton Windfarm, Jamaica’s latest initial public share offer, sits in at the 4 position on the main market stock list. The stock comes to the market at 50 cents per share and boast a PE of 8.3 times normalized earnings for the year to March 2019.
The main market, closed the week with the overall PE at 14.2 and the Junior Market at just 10.3. The PE ratio for Junior Market Top 10 stocks averages 6.6 and the main market PE is now 8.6. These levels, point to the huge upside for the TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 36 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 40 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have interest in the securities commented on.

Filed Under: Buy Rated Tagged With: Berger Paints, Caribbean Producers, Daily Trading, Elite Diagnostic, Emerging markets, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, JMMB Group, junior market, Lasco Financial, Main Event, Medical Disposables, Pulse Investments, Radio Jamaica, Stanley Motta, Sterling Investments, Stocks to Watch, TOP 10 stocks, Trading Activity, Victoria Investments, Wigton Windfarm

More JSE records shattered – Friday

May 3, 2019 by IC Insider.com

More records were shattered on another record breaking day, on the Jamaica Stock Exchange main market on Friday, with both main market indices ending at new highs, for five consecutive days.
Trading ended with the fifth with a new record close for the year at 447,751.69 on the JSE All Jamaican Composite Index after climbing 2,819.84 points and the JSE Index advanced to a record of close of 407,877.42 with 2,562.47 points gain.
The main and US markets had 34 securities traded, compared to 33 on Thursday leading to 16 advancing, 10 declining and 8 closing unchanged. At the end of trading, Jamaica Stock Exchange jumped to a record high of $20.02, PanJam Investment ended at a new closing high of $90 and Wisynco Group ended at a new record close of $14.40.
Market activity on the main market ended with 3,479,279 units valued $204,145,954, changing hands, compared to 2,986,488 units valued $110,422,118 trading on Thursday.
NCB Financial led trading with 1.03 million shares accounting for 30 percent of total main market volume, followed by Victoria Mutual Investments with 674,362 shares, and 19 percent of the day’s trades and Scotia Group closed with 514,622 shares for 15 percent of volume traded.
Market activity ended with an average of 119,975 units valued at an average of $7,039,516 for each security traded. In contrast to 102,982 units for an average of $3,807,659 on Thursday. The average volume and value for the month to date amounts to 121,185 units valued at $5,621,806 and previously, 121,824 units valued at $4,874,287. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 7 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Barita Investments jumped $2.99 to close at $43, with an exchange of 7,698 shares, Berger Paints fell $1 to end at $20, with an exchange of 7,770 stock units, Caribbean Cement lost $4 to finish at $80, with 30,433 shares changing hands, Grace Kennedy traded 17,149 stock units and rose $1 to $61. JMMB Group gained 60 cents trading 184,023 shares in closing at $34, Mayberry Investments rose $1.25 to end trading of a mere 210 shares at $9.25, NCB Financial Group rose $2.15 in trading 1,033,816 shares to close at $147, Sagicor Group added $1 to end trading 59,341 stock units at $46.50, with. Scotia Group gained $2.50 in trading 514,622 shares to close at $53, Seprod rose $2.50 in trading 15,959 shares to close $46, Supreme Ventures fell 50 cents and finished at $26.50, with 20,995 units changing hands and Sygnus Credit Investments rose 87 cents with 17,243 units trading, to end at $12.50.
Trading in the US dollar market ended with 50,570 units valued at $12,735. JMMB Group 5.5% preference share traded 3,000 shares at US$2, JMMB Group finished rose by 5 cents to ended at US$2.10 trading 1,556 shares, Proven Investments traded 850 shares and gained 1 cent, to close at 24 US cents and Sygnus Credit Investments traded 25,760 units to end at 10 US cents. The JSE USD Equities Index gained 1.10 points to close at 180.09.

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

4 days of record close for JSE stocks

May 2, 2019 by IC Insider.com

New ecord close for JSE main market on Thursday

The Jamaica Stock Exchange main market, ended at the fourth new closing high for the week, with the All Jamaican Composite Index rising 980.45 points to 444,931.85 and the JSE Index advancing 890.96 points to 405,314.95.
The main and US markets had 33 securities traded, compared to 27 on Wednesday leading to 13 advancing, 12 declining and 8 closing unchanged. At the end of trading, Jamaica Stock Exchange jumped to a record high of $20 and Wisynco Group ended at a new record close of $14.30.
Market activity on the main market ended with 2,986,488 units valued $110,422,118, changing hands, compared to 3,713,812 units valued $157,663,641 trading on Wednesday.
Wisynco Group led trading with just 529,420 shares accounting for 18 percent of total main market volume, followed by NCB Financial with 417,353 shares, and 14 percent of the day’s trades and Seprod closed with just 342,629 shares for 3 percent of volume traded.
Market activity ended with an average of 102,982 units valued at an average of $3,807,659 for each security traded. In contrast to 142,839 units for an average of $6,063,986 on Wednesday. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 10 stocks ending with bids higher than their last selling prices and 3 closing with lower offers.
In main market activity, Barita Investments dropped $2.49 to close at $40.01, with an exchange of 83,339 shares, Caribbean Cement lost S1 to finish at $84, with 10,377 shares changing hands, Jamaica Broilers dived $3.90 in exchanging 10,000 units to end at $30.10, Jamaica Producers fell $1 to close at $22, after trading 11,285 stock units. JMMB Group gained $1.90 trading 253,237 shares in closing at $33.40, with 37,209 shares 37,209 shares. Kingston Properties lost 75 cents to settle at $6.80, with an exchange of 5,450 units, Mayberry Investments lost $1.65 to end trading of 27,500 shares at $8. PanJam Investment jumped $6.87 to a record high of $89.97, with 6,592 units changing hands, Scotia Group lost $1.49 in trading with 62,660 shares at $50.50, Seprod fell $3.50 in trading 342,629 shares to close $44. Sygnus Credit Investments lost 87 cents with 81,165 units trading, to end at $11.63 and Wisynco Group climbed 80 cents trading with 529,420 shares at an all-time high of $14.30.
Trading in the US dollar market ended with 419,786 units valued at US$95,838. JMMB G 6% preference share traded 439 shares and rose 5 cents to finish at US$1.09, Proven Investments traded 413,807 shares and gained 0.05 cent, to close at 23 US cents, Sterling Investments finished trading of 2,540 units to close at 4 US cents and Sygnus Credit Investments traded 3,000 units to end at 10 US cents. The JSE USD Equities Index gained 1.67 points to close at 178.99.

JSE main market hits new high – Wednesday

May 1, 2019 by IC Insider.com

Caribbean Cement traded at a new high of $85 on Wednesday.

The Jamaica Stock Exchange main market closed at a new record high on Wednesday, the third consecutive day of new highs, as investors increased their appetite for higher prices.
All Jamaican Composite Index jumped 2,775.27 points to a record close of 443,951.40 and the JSE Index climbed 2,521.97 points to a record closing high of 404,423.99.
The main and US markets had 27 securities traded, compared to 31 on Tuesday, leading to 17 advancing, 3 declining and 11 closing unchanged. At the end of trading, Caribbean Cement hit a record close of $85, Jamaica Stock Exchange jumped to a record high of $20 and Wisynco Group ended at a new record close of $13.50.
Market activity on the main market ended with 3,713,812 units valued $157,663,641 changing hands, compared to 4,368,956 units valued at $113,544,169, trading on Tuesday.
Mayberry Jamaica Equities accounted for 2.1 million shares or 56.4 percent of total main market volume, followed by NCB Financial with 792,711 shares and 21 percent of the day’s trades and Pulse Investments closed with just 120,053 shares for 3 percent of volume traded.
Market activity ended with an average of 142,839 units at $6,063,986, in contrast to 156,034 shares valued $4,055,149 on Tuesday. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 13 stocks ending with bids higher than their last selling prices and just 1 closing with a lower offer.
In main market activity, Barita Investments jumped $3 to close at $42.50, with an exchange of 57,386 shares, Caribbean Cement jumped S7.01 to finished at at a record $85, with 44,987 shares changing hands, Grace Kennedy lost 70 cent to end at $60.30 with 3,463 shares trading, Jamaica Broilers shed 50 cents in exchanging 30,468 units to end at $34, Jamaica Producers fell $1 to close at $22, after trading 11,285 stock units. Jamaica Stock Exchange jumped $2 to end at a record high of $20, trading 54,459 shares, JMMB Group lost $1.50 trading 37,209 shares in closing at $31.50, with 37,209 shares 37,209 shares. Kingston Wharves lost 75 cents to settle at $71, with an exchange of 5,450 units, Mayberry Investments lost 75 cents and ended trading at with 882,928 shares at $8.75. Mayberry Equities rose by 50 cents to close trading at $11.50, trading 2,096,031 shares, NCB Financial Group dived $20 in trading 792,711 shares to close at $145. Sagicor Group fell $1.79 to end at $45.20 in an exchange of 58,420 shares, Seprod rose $2.50 in trading 12,306 shares to close $47.50, Supreme Ventures rose 50 cents to close at $27, with 5,887 units changing hands and Wisynco Group climbed 90 cents trading with 96,492 shares at an all-time high of $13.50.
Trading in the US dollar market ended with 6,180 units valued at $1,391. Proven Investments was the sole stock trading and ended unchanged at 23 US cents. The JSE USD Equities Index gained 0.11 points to close at 177.32.

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

New record high for JSE main market – Tuesday

April 30, 2019 by IC Insider.com

The Jamaica Stock Exchange main market closed at a new record high on Tuesday for the second consecutive day and the second time for 2019 and in the process posted gains of 5.8 percent for the year.
At the end of trading when NCB Financial ended at a record close of $165 and Wisynco Group that traded at an all-time high of $13 ended at a new record close of $12.60. The All Jamaican Composite Index surged 5,918.33 points to a record close of 441,176.13 and the JSE Index climbed 5,378.16 points to record close of 401,902.02. Earlier in the day, at 10.21 am, the All Jamaican Composite Index jumped 8,683.84 points to 443,941.64 and the JSE Index surged 7,891.26 points to 404,415.12.
After five months of consolidation, with a slight upward bias, the market finally broke the record high reached on November 29 last year of 433,307.22 on the All Jamaica index and 394,791.89 on the JSE Index on Monday and has gone on the new heights on Tuesday.
The main and US markets had 31 securities traded, compared to 33 on Monday leading to 17 advancing, 3 declining and 11 closing unchanged.
Market activity on the main market ended with 4,368,956 units valued at $113,544,169 changing hands, compared to 4,679,663 units valued $362,626,260 trading on Monday.
Mayberry Jamaica Equities, accounting for 1.1 million shares or 25.4 percent of total main market volume, followed by Mayberry Investments with 882,928 shares, and 20 percent of the day’s trades, Barita Investments closed with 843,926 shares for 19 percent of volume traded and Grace Kennedy with 545,299 stock units and 12.5 percent of main market trades.

NCB Financial traded at a record high of $165.

Market activity ended with an average of 156,034 units valued at over $4,055,149, in contrast to 146,239 shares valued at $11,332,071 on Monday. The average volume and value for the month to date amounts to 157,923 shares at $3,718,919 for each security, compared to 158,599 shares at $3,037,176 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 17 stocks ending with bids higher than their last selling prices and just 2 closing with lower offers.
In main market activity, Barita Investments lost $3 to close at $39.50, with an exchange of 843,926 shares, Grace Kennedy gained $1 to end at $61 with 545,299 shares changing hands, Jamaica Broilers climbed 50 cents in exchanging 74,384 units to end at $34.50, Jamaica Producers gained $1.50 to close at $23, after trading 343,580 stock units. Kingston Properties jumped $1.95 and finished at $8.45, with an exchange of 58,406 stock units, Mayberry Investments rose by $1 and ended trading at $9.50, with 882,928 shares changing hands. Mayberry Equities rose by $1 and ended trading at $11, with 1,109,121 shares trading, NCB Financial Group jumped $21.50 in trading 67,382 shares to close at an all-time record high of $165. Portland JSX gained 60 cents trading 9,087 shares at $8.10, Sagicor Group fell 51 cents to end at $46.99 in an exchange of 33,999 shares and Scotia Group rose $1.49 in trading 23,218 shares to close $51.99.
Trading in the US dollar market ended with 48,320 units valued at $10,612. Margaritaville traded 189 to close at 25 US cents, Proven Investments traded 46,131 shares at 23 US cents and Sygnus Credit Investments traded 2,000 shares at 10 US cents. The JSE USD Equities Index declined by 0.43 points to close at 177.21

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

Sagicor Group & Jam Teas in IC TOP 10

April 30, 2019 by IC Insider.com

Image courtesy suphakit73/FreeDigitalPhotos.net

Sagicor Group dropped to $44 at the close of the market for the past week and edged back into the IC Insider.com’s main market TOP 10, while Jamaican Teas closed at $3.60 and returned to the Junior Market TOP 10.
Berger Paints climbed to $21 at the end of last week and fell out of the top stocks, along with Main Event with a rise to $5.80 from $5 at the close of the previous week.
The three leading Junior Market stocks for the coming week are Caribbean Producers with projected gains of 281 percent, Iron Rock with potential gains of 243 percent and Lasco Financial with potential gains of 241 percent.
Victoria Mutual Investments remains the top Main Market stock with 167 percent likely gain, followed by Radio Jamaica with 159 percent and Sterling Investments with potential to gain 151 percent.
Wigton Windfarm, Jamaica’s latest initial public share offer, falls to the number 5 position on the stock list. The stock comes to the market at 50 cents per share and boast a PE of 8.3 times based on normalized earnings for the year to March 2019. Caribbean Cement reported strong first quarter results and should move out of the TOP 10 this week.
The main market, closed the week with the overall PE at 13.4 and the Junior Market at just 10. The PE ratio for Junior Market Top 10 stocks average 6.4 and the main market PE is now 8.2. These levels, point to the huge upside for the TOP 10 stocks over the next 12 months.
The TOP 10 stocks now trade at an average discount of 36 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 39 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have interest in the securities commented on.

Filed Under: Buy Rated Tagged With: Berger Paints, Caribbean Producers, Daily Trading, Elite Diagnostic, Emerging markets, General Accident, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, JMMB Group, junior market, Lasco Financial, Main Event, Medical Disposables, Radio Jamaica, Stanley Motta, Sterling Investments, Stocks to Watch, TOP 10 stocks, Trading Activity, Victoria Investments, Wigton Windfarm

JSE main market at record close – Monday

April 29, 2019 by IC Insider.com

The Jamaica Stock Exchange main market closed at a new record high on Monday, with All Jamaican Composite Index surging 9,373.64 points to 435,257.80 and the JSE Index climbing 8,518.11 points to 396,523.86.
The market is breaking the record high reached on November 29 last year of 433,307.22 on the All Jamaica index and 394,791.89 on the JSE Index. Caribbean Cement sparked added interest in the market, ahead of the close of the month as investors responded to strong first quarter results in buying up 274,801 shares up to $79.50. Also contributing to the strong gains was Sagicor Group that closed at $47.50.
At the close NCB Financial traded 2.12 million shares to close at $143.50, but ended with a closing with a bid of $148, PanJam Investment closed at $83 having a bid at $85. Wisynco Group closed at a record high of $12.50 have just less than 96,000 shares on offer between $12.50 and $16.
At the close, the main and US markets had 33 securities traded, compared to 32 on Friday leading to 15 advancing, 9 declining and 9 closing unchanged.
Market activity on the main market ended with 4,679,663 units valued $362,626,260 changing hands, compared to 4,427,445 units valued at $384,592,987 units trading on Friday.
NCB trades, accounted for just over 45 percent of total main market volume, followed by Jamaica Producers with 343,580 units and 7 percent of the day’s trades and Eppley with 295,409 units for 6 percent of volume traded.
Market activity ended with an average of 146,239 units valued at an average of $11,332,071 for each security traded, in contrast to 147,582 units for an average of $12,819,766 on Friday. The average volume and value for the month to date amounts to 157,923 shares at $3,718,919 for each security, compared to 158,599 shares at $3,037,176 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 11 stocks ending with bids higher than their last selling prices and just 2 closing with lower offers.
In main market activity, Barita Investments rose 50 cents to close at $42.50, with an exchange of 5,945 shares, Caribbean Cement jumped $13.87 to $77.99 with 274,801 shares changing hands, Jamaica Broilers climbed $2 in exchanging 9,818 units to end at $34, Jamaica Producers gained $1.50 to close at $23, after trading 343,580 stock units. Jamaica Stock Exchange gained 49 cents and ended at $17.99, trading 23,006 shares, JMMB Group concluded trading at $33.00, with 24,800 shares, Kingston Wharves climbed $1 and settled at $72, with an exchange of 446 units, NCB Financial Group declined $1.50 to close at $143.50, trading 2,122,314 shares. PanJam Investment climbed $1.50 and ended at $83, with 65,800 units changing hands, Sagicor Group jumped $3.50 to end at $47.50 in an exchange of 51,319 shares. Sagicor Real Estate Fund added 90 cents to end at $10, trading 67,521 shares, Seprod rose $1.35 and closed at $44.80, trading 63,993 shares and Wisynco Group rose 50 cents to end trading of 145,718 shares at a record high of $12.50.
Trading in the US dollar market ended with JMMB Group 6% preference share being the sole active stock and ended exchanging 2,500 shares trading with a value of US$2,600 to close at US$1.04. The JSE USD Equities Index closed unchanged at 177.64.

JSE major index jumps – Friday

April 26, 2019 by IC Insider.com

The ongoing see saw trading pattern of the Jamaica Stock Exchange continued on Friday with the market indices making sizable gains after a big falls on Thursday.
At the close, the main and US markets had 32 securities traded, compared to 33 on Thursday leading to 14 advancing, 7 declining and 12 closing unchanged. The market closed with the All Jamaican Composite Index 3,765.48 points to 425,884.16 and the JSE Index advanced by 3,419.95 points to 388,005.75.
Market activity on the main market ended with 4,427,445 units valued $384,592,987 changing hands, compared to 17,912,213 units valued $156,798,185 units trading on Thursday.
MPC Caribbean Clean Energy led trading with 2.69 million shares, accounting for 61 percent of total main market volume, followed by Carreras with 817,258 units and 18.5 percent of the day’s trades and Wisynco Group with 264,825 units for 6 percent of volume traded.
Market activity ended with an average of 147,582 units valued at $12,819,766, in contrast to 597,074 shares valued at $5,226,606 on Thursday. The average volume and value for the month to date amounts to 158,599 shares at $3,037,176 for each security, compared to 159,231 shares at $2,439,461 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 9 stocks ending with bids higher than their last selling prices and just 4 closing with lower offers.
In main market activity, Barita Investments fell 90 cents to close at $42, with an exchange of 5,700 shares, Caribbean Cement rose 61 cents to $64.12 with 17,700 shares changing hands, Jamaica Broilers climbed $2 in exchanging 22,080 units to end at $32, Jamaica Producers declined 50 cents to close at $21.50, after trading 38,562 stock units. Jamaica Stock Exchange gained 30 cents and ended at $17.50, trading 97,043 shares, Kingston Wharves jumped $3 to settle at $71, trading 6,989 units, Mayberry Equities rose 60 cents to end trading of 43,242 shares at $9.80, Palace Amusement climbed $50 to close at $1,300 with 100 stock units changing hands. Sagicor Group jumped $4.03 to end at $44 in an exchange of 13,544 shares, Sagicor Real Estate Fund added 44 cents to end at $9.10, trading just 60,018 shares, Seprod rose $1.45 and closed at $43.45, trading 6,934 shares and Stanley Motta gained 33 cents and ended at $4.55, with an exchange of 10,448 shares.
Trading in the US dollar market ended with 83,732 shares trading with a value of US$10,226. Proven Investments closed at 23 US cents, with an exchange of 13,000 shares and Sygnus Credit Investments ended trading of 70,732 units at 10 US cents. The JSE USD Equities Index fell 1.87 points to close at 177.64.

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

JSE major index drops sharply – Thursday

April 25, 2019 by IC Insider.com

Sagicor Real Estate Fund drops to new 52 weeks’ low.

Trading on the main market of the Jamaica Stock Exchange ended on Thursday with the All Jamaican Composite Index dropping 5,121.29 points to 422,118.68 and the JSE Index declining by 4,653.87 points to 384,585.80.
At the close, the main and US markets had 33 securities traded, compared to 29 on Wednesday leading to 9 advancing, 16 declining and 8 closing unchanged. Sagicor Real Estate Fund and JMMB Group 7.25% preference share closed trading at new 52 weeks’ lows of $8.66 and $1.98 respectively.
Market activity on the main market ended with 17,912,213 units valued $156,798,185 changing hands, compared to 1,662,631 units changing hands for $44,174,045, on Wednesday.

JMMB Group 7.5% preference share led trading with 12 million shares, accounting for 67 percent of total main market volume, followed by JMMB Group 7.25% preference share with 1.92 million units and 11 percent of the day’s trades and Wisynco Group with 1.47 million units for 8 percent of volume traded.
Market activity ended with an average of 597,074 units valued at over $5,226,606, in contrast to 59,380 shares valued at $1,577,644 on Wednesday. The average volume and value for the month to date amounts to 159,231 shares at $2,439,461 for each security, compared to 132,587 shares at $2,258,085 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 11 stocks ending with bids higher than their last selling prices and just 1 closing with a lower offer.
In main market activity, Berger Paints climbed $1.50 and ended trading of 499 stock units, at $21, Caribbean Cement dropped 31 cents to $63.51 with 13,399 shares changing hands, Eppley gained 30 cents trading 450 shares at $11. Jamaica Broilers climbed $1.55 in exchanging 33,169 units at $30, Jamaica Producers declined $1 to close at $22, after trading 10,388 stock units.

JMMB Group climbed $2.84 to settle at $33.45, with 31,977 units changing hands. Kingston Properties lost 50 cents finished at $6.50, with an exchange of 4,245 stock units. Kingston Wharves dropped $2.50 to settle at $68, with 11,754 units changing hands, Mayberry Investments gained $1.23 in trading 13,686 shares, to close at $8.75. Sagicor Group lost $2.03 to end at $39.97 in an exchange of 81,141 shares, Sagicor Real Estate Fund dipped $1.34 to a 52 weeks’ low of $8.66, trading just 700 shares, Salada Foods traded 640 units and rose $1.01 to end at $31.01. Scotia Group lost 35 cents and finished trading 264,774 shares at $50.65, Seprod lost $1 and closed at $42, trading 45,978 shares and Supreme Ventures rose 49 cents and finished at $26.49 with an exchange 564,208 units.
Trading in the US dollar market ended with 49,022 shares trading with a value of US$4,923. Proven Investments closed at 23 US cents, with an exchange of 127 shares, Sygnus Credit Investments rose 1.3 cent and ended trading of 46,639 units at 10 US cents after losing 0.3 cent and Sterling Investments finished trading and closed at 4 US cents with 2,256 units, leaving the JSE USD Equities Index fell 0.02 points to close at 179.51.

JSE main market index drops – Wednesday

April 24, 2019 by IC Insider.com

JSE failed to have errors corrected in audited accounts.

Trading main market of the Jamaica Stock Exchange ended on Wednesday with the All Jamaican Composite Index falling 951.43 points to 427,239.97 and the JSE Index declining by 864.60 points to 389,239.67.
Market activity on the main market of the Jamaica Stock Exchange remained subdued with just 1,662,631 units changing hands for $44,174,045, compared to 1,509,697 units changing hands for $34,816,059, on Tuesday.
At the close, the main and US markets had 29 securities traded, compared to 31 on Tuesday leading to 13 advancing, 10 declining and 6 closing unchanged.
Wisynco Group led trading with a mere 307,966 shares, accounting for 19 percent of total main market volume, followed by Grace Kennedy with 261,323 units and 16 percent of the day’s trades and Radio Jamaica with 162,904 units for 10 percent of volume traded.

Market activity ended with an average of 59,380 units valued $1,577,644 for each security traded, in contrast to 53,918 shares valued at $1,243,431 on Tuesday. The average volume and value for the month to date amounts to 132,587 shares at $2,258,085 for each security, compared to 136,995 shares at $2,302,086 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 12 stocks ending with bids higher than their last selling prices and just 3 closing with lower offers.
In main market activity, Barita Investments climbed $3.90 to close at $42.90, with an exchange of 1,010 shares, Caribbean Cement dropped 18 cents to $63.82 with 21,900 shares changing hands, Jamaica Producers rose $2 to close at $23, after trading 48,463 stock units. JMMB Group shed 89 cents to settle at $30.61, with 46,720 units changing hands. Kingston Wharves jumped $2.50 to settle at $70.50, with 4,918 units,

Mayberry Investments lost 48 cents in trading 27,925 shares, to close at $8, Mayberry Jamaican Equities fell 80 cents with 24,658 units trading, to close at $9.20. Sagicor Group lost $2.53 to end at $42 in an exchange of 31,029 shares. Sagicor Real Estate Fund dipped 50 cents to $10, trading 7,800 shares, Scotia Group rose 50 cents and finished trading 8,852 shares at $51, Seprod gained $1 and closed at $43, trading 31,674 shares. Supreme Ventures lost 45 cents and finished at $26, with an exchange 109,581 units and Wisynco Group rose 25 cents and ended trading 307,966 shares at $11.99.
Trading in the US dollar market ended with 5,513 shares trading with a value of US$568. Sygnus Credit Investments rose 1.3 cent and ended trading of 5,513 units at 10.3 US cents. The JSE USD Equities Index advanced 1.22 points to close at 179.53.