JSE stocks down again – Friday

The Jamaica Stock Exchange main market retreated for the second day when trading ended on Thursday with the All Jamaican Composite Index dropping 471.19 points to 333,056.79 while the JSE Index slipped 429.31 points to close at 303,452.35 as declining stocks dominated trading.
Market activities in the main and US dollar markets resulted in 28 securities trading, compared to 30 on Tuesday of which 9 advanced, 16 declined and 3 traded firm.
At the close of market activity 2,827,566 units valued at $112,242,230 traded compared to 4,703,010 shares valued at $61,534,534 changed hands, on Thursday.
Trading volume was dominated by NCB Financial Group with 766,949 units followed by Victoria Mutual Investments with 568,164 units and Caribbean Cement Company with 289,511 units.
Stocks with major price changes are, Berger Paints lost 50 cents to $20.50, Caribbean Cement rose $2 to $42, Grace Kennedy rose 50 cents to end at $50.50, Jamaica Broilers declined by 90 cents trading 25,789 stock units to end at $22.10, Portland JSX lost 87 cents to end at $9.25, Sagicor Group lost 95 cents and settled at $38.15 and Sterling Investments climbed $2.50 to close at $9.50.
Trading resulted in an average of 108,753 units valued at an average of $4,317,009 for each security traded. In contrast to 180,885 units valued at an average of $2,366,328 on Thursday. For the month to date 195,519 units traded with an average value of $6,383,337 and on the previous day 203,633 units traded with an average value of $6,596,529 on average. May closed with an average of 589,414 shares with a value of $16,532.367, for each security traded.
In the US dollar market, 87,503 units valued at US$13,558 traded with Proven Investments ended trading with 46,245 units at 20 US cents, Sterling Investments lost 1.10 cents and ended trading at 10.4 US cents with 41,268 shares changing hands. The JSE USD Equities Index rose 0.50 points to close at 162.28.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 4 closing with lower offers.

Demand up for several JSE stocks – Thursday

Seprod shares dived by $5 on Thursday.

Investors pushed the Jamaica Stock Exchange down from record close on when traded ended on Thursday with the All Jamaican Composite Index dropping 3,165.63 points to 333,527.98 while the JSE Index slipped 2,884.25 points to 303,861.66.
While the main market indices fell, the order book for a number of main market stocks, shows buying interest rising. Caribbean Cement with more than 276,000 units on the bid at $40, Grace with bids at $50 and rising with very limited offers, Jamaica Broilers with god bids above $22 and limited offers, JMMB group with bids at $29 against limited offers, Scotia Group with strong bids around the $50 region and limited supply.
At the close on Thursday, 30 securities traded in the main and US dollar markets, up from 24 on Wednesday and resulted in 10 advancing, 12 declining and 8 remaining firm. Market activity ended with 4,703,010 shares valued at $61,534,534 changing hands, up from 2,236,723 units valued at a mere $34,192,073 trading on Wednesday.
Carreras closed trading with 2,060,114 units or 43.80 percent of traded volume, followed by Jamaica Money Market Brokers 7.50% preference share closed with 1,315,000 units or 27.96 percent of the day’s volume and Sagicor Group ended with 341,597 units amounting to 7.26 of the day’s traded volume.
Stocks with major price changes are, Berger Paints rose 49 cents to $21, Caribbean Cement fell $2 to $40, Grace Kennedy lost $1 to end at $50, JMMB Group climbed $1.40 to end at $29, NCB Financial Group rose $1.74 and ended trading at $99.99, Sagicor Group rose 60 cents and settled at $39.10, Scotia Group dropped $1.47 in closing at $50.03, Seprod dived $5 to finish trading at $31, Sterling Investments climbed $4.20 to close at $12 and Supreme Ventures ended at $14.50, after falling 80 cents.
Trading resulted in an average of 180,885 units valued at an average of $2,366,328 for each security traded. In contrast to 101,669 units for an average of $1,554,185 on Wednesday. For the month to date 203,633 units traded with an average value of $6,596,529 and on the previous day 205,980 units traded with an average value of $7,083,190 on average. May closed with an average of 589,414 shares with a value of $16,532.367, for each security traded.
In the US dollar market, 448,195 units valued at US$62,443 traded with Proven Investments ended trading with 3,800 units and fell of 3 cents to 20 US cents, Sterling Investments rose 2.5 cents and ended trading at 11.5 US cents with 438,095 shares changing hands and in the US dollar preference sector, JMMB Group 5.25% closed with a loss of 25 cents at US$2 with 5,000 units trading and JMMB Group 6% closed at US$1 trading 1,300 units. The JSE USD Equities Index rose 0.50 points to close at 162.28.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 4 closing with lower offers.

JSE moved higher on Monday

Investors moved the Jamaica Stock Exchange higher on Monday with the All Jamaican Composite Index climbed 1,040.26 points to close at 332,535.72 and the JSE Index advanced by 947.79 points to 302,977.61.
Market activities resulted in 33 securities trading, compared to 29 on Thursday in the main and US dollar markets of which 13 advanced, 9 declined and 11 traded firm.
Stocks with major price changes are, Caribbean Cement with a rise of $1.50 to $40.50, Jamaica Broilers dropping $4.70 to $21.60, PanJam Investment declining 98 cents to $51 and Scotia Group gaining $1.49 to $51.
The volume of stocks trading on the main market declined sharply to 3,192,844 units valued at $66,838,582, down from 7,187,416 units valued at $228,155,035 on Friday.
The main trades were, Sagicor Group with 1,023,740 units 32.06 percent followed by Wisynco Group with 907,325 units and acoounti9ng for 28.42 percent of the total shares traded and JMMB Group with 7.50% preference shares trading with 424,000 units 13.28 percent of the day’s trade.
Trading resulted in an average of 106,428 units valued at an average of $2,227,953 for each security traded. In contrast to 312,496 units for an average of $9,919,784 on Friday. For the month to date 184,656 units traded with an average value of $5,451,880 and on the previous day 197,915 units traded with an average value of $6,902,395 on average. May closed with an average of 589,414 shares with a value of $16,532.367, for each security traded.
In the US dollar market, 2390 units valued at just US$319 traded with Productivity Business settling at 62 US cents with 500 shares trading and Sterling Investments trading 100 units with the loss of 1 cent to close at 9 US cents and in the US dollar preference sectors JMMB Group 5.75% closed at $2.25 with 1,790 units. The JSE USD Equities Index slipped 0.44 points to close at 166.51.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 5 closing with lower offers.
For more details of market activities see – Rise in main market securities trading – Monday.

Scotia pushes JSE down sharply Friday

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Scotia Groupd price drop pulls JSE down on friday.

Investors reacted to Scotia Group’s report of lower profits in the April quarter by pushing the price of the stock down $2.99, resulting a sharp fall in the Jamaica Stock Exchange indices by more than 3,800 points, on Friday.
The All Jamaican Composite Index dived sharply by 4,246.63 points to 331,495.46 and the JSE Index had a big drop of 3,869.16 points to 302,029.82.
The volume of stocks trading on the main market was 7,187,416 units valued at $228,155,035 compared to 11,661,188 units valued at $284,601,737 on Thursday.
The main trades were, Grace Kennedy with 3,116,194 units accounting for 43.36 percent of trading, followed by Carreras with 1,575,999 units and 21.93 percent of the day’s volume and Supreme Ventures with 800,000 units.
Market activities resulted in 25 securities trading, compared to 29 on Thursday in the main and US dollar markets of which 12 advanced, 6 declined and 7 traded firm while Jamaica Broilers and JMMB Group 7% preference share closed at record high price.
Stocks with major price changes are, Jamaica Broilers jumping $3.10 to a record close of $26.30, JMMB Group falling $1 to close at $27.50, NCB Financial up $1.24 to $96.50, PanJam Investment up $1.33 to $51.98 and Scotia Group dived $2.99 to $50.01.
Trading resulted in an average of 312,496 units valued at an average of $9,919,784 for each security traded. In contrast to 448,507 units for an average of $10,946,221 on Thursday. For the month to date 197,915 units traded with an average value of $6,902,395 and on the previous day 217,527 units traded with an average value of $6,588,540 on average. May closed with an average of 589,414 shares with a value of $16,532.367, for each security traded.
In the US dollar market, 149,071 units valued at over $29,638 traded with Sterling Investments trading 438 units at 10 US cents and Proven Investments rose 1 cent with 148,633 units trading to close at 20 US cents. The JSE USD Equities Index advanced 4.22 points to close at 166.95.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 4 closing with lower offers.
For more details of market activities see – JSE main market close down on Friday.

AJI closes at record 335,742 points

The All Jamaican Composite Index (AJI) surged 5,792.25 points to close at a record 335,742.09 points and the JSE Index jumped 5,277.40 points to a closing record high of 305,898.98 as the market surpassed both the 334,000 and 335,000 marks on the same day, for the first time.
At the close on Thursday, 26 securities traded in the main market of the Jamaica Stock Exchange climbed to 11,661,188 units valued at $284,601,737 compared to 4,749,951 units valued at $102,233,802 on Wednesday as the market scaled new heights.  Previously, the AJI ended at a record closing high of 332,501.11 points on May 4, this year and drifted downwards, prior to today’s strong rally and break upwards.
The main trades were, Wisynco Group with 5,360,241 units to close at $9.80, amounting to 46 percent of the total volume traded, while Sagicor Group traded 2,674,599 units 599 accounting for 23 percent of the day’s volume and Scotia Group closed with just over 17 percent of the day’s volume, having traded 2,019,507 units, the next highest was Victoria Mutual Investments with 442,261 units and in the preference sector JMMB Group 7.5% trading 642,856 units.
Market activities resulted in 31 securities trading, compared to 26 on Wednesday, in the main and US markets. At the close, 12 securities gained, 10 declined and 9 traded firm.
Stocks with major price changes are, JMMB Group rose $1 to close at $28.50, Kingston Wharves jumped $4 to end at $46 and PanJam Investment rose 65 cents to $50.65.
Trading resulted in an average of 448,507 units valued at an average of $10,946,221 for each security traded. In contrast to 182,690 units for an average of $3,932,069 on Wednesday. For the month to date 217,527 units traded with an average value of $6,588,540 and on the previous day 158,650 units valued at 3,992,107 on average. May closed with an average of 589,414 shares with a value of $16,532.367, for each security traded.
In the US dollar market, 30,210 units valued at over $15,975 traded with Sterling Investments ; trading 15,000 units and adding 1 cent to end at 10 US cents followed by<strong> Proven Investments ; with 10,378 units to close at 19 US cents and  JMMB Group 6%  USD preference share with 13,352 units and closed at US$1. The JSE USD Equities Index rose 0.35 points to close at 162.73.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 4 closing with lower offers.

$2,800 per share for Palace Amusement!

Palace Amusement seems set to be a big surprise as the stock could exceed $2,000 this year with enormous success that Black Panther is forging.
At the close on Friday the bid had moved up to $730 and should be heading higher based on the good fortune being enjoyed with the Black Panther movie. IC Insider.com projects big rise in revenues for the current quarter a sizable jump in profit as well to levels never before seen by this company. Profit for the year to June should be well into the $100 per share range as the company increase showings of the extremely popular movie but is still booked out into the future. Cable & Wireless should be the number one choice for main market TOP 10 stocks based on a nearly $2 billion reduction in interest cost this year resulting from the fall in local interest rates and increasing revenues. But uncertainty lies about continued listing on the Jamaica Stock Exchange in a year when the company is likely to see significant profit for the first time in nearly a decade.
The number one remains with Barita Investments on the basis that management will start to seriously extract the benefits of the assets that it manages. Despite the fall in profits in the December quarter for Berger Paints, from slightly lower  revenues compared to 2016, the stock is still expected to benefit from improving demand for paints as economic improvements take deeper root.
Caribbean Cement continues to struggle to break out of the $35 region but investors may have to wait until around mid-April just ahead of the first quarter results to witness a break out. Grace Kennedy results when the prior year’s one off gain from sale of investment is factored out showed continued progress in increasing profit. The stock has become scarce and seems headed for the over $50 range.
The PE ratio of the TOP 10 is 6.6 times 2018 earnings compared to 12 currently for the main market and an expected 20 by March 2019, this means these stocks have lots of room to grow.

JSE main market sharply higher – Monday

Bulls may be lurching to pounce on Jamaican stocks.

The Main Market of the Jamaica Stock Exchange closed sharply higher at the close of trading on Monday, with advancing stocks just edging out declining ones.
The market closed with the JSE All Jamaican Composite Index surging 2,130.17 points to 320,257.64 and the JSE Index adding 1,940.83 points to 291,790.92 as the market continues to flirt with the upper resistance line of a long term channel.
Trading on Monday closed with 26 securities changing hands, leading to 10 advancing, 8 declining and 8 trading firm, in the main and US dollar markets. There was no trading in the US dollar market at the close on Monday.
The securities with the largest price changes include, Grace Kennedy losing $2 to close at $44, JMMB Group that fell $1 to $25. Kingston Wharves lost $2.25 to end at $39.75, Sterling Investments gained $1 to $14 and Victoria Mutual Investments climbed 40 cents to a new high of $4.85 while trading the most shares for the day.
Main market activity ended with 4,116,289 units valued at $49,819,783 compared to 115,025,659 units valued at $1,171,809,500 on Friday. Victoria Mutual Investments accounted for 2,484,967 units and 60.4 percent of total shares traded followed by Wisynco Group with 525,358 units with 12.76 percent of total volume traded and Kingston Wharves with 298,752 units or 7.26 percent of the day’s trades.
Trading results in an average of 158,319 shares valued at $1,916,145 for each security traded, sharply down on the 4,424,064 shares valued at $45,069,596 on Friday. For the month to date an average of 1,819,426 units with an average value at $20,506,358 traded, compared to 2,649,980 units valued at $29,801,464 traded on the previous trading day. In contrast, February closed with average of 213,336 units valued at $3,392,475 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 1 with a lower offer.

For more details of market activities see – VM Investments dominates JSE’s Monday trading.

JSE main market in sharp drop – Thursday

Carreras traded most shares on Thursday, with more than 7M units changing hands.

Fresh from vested interest hiking some prices at the close of the previous month the Main Market of the Jamaica Stock Exchange closed the first day of March with a big fall as prices returned to more normal levels on Thursday.
At the close, the JSE All Jamaican Composite Index dived sharply by 3,876.54 points to 317,331.11 and the JSE Index sank 3,531.97 points to end at 289,124.52.
Trading on Thursday closed 28 securities changing hands with 9 advancing, 13 declining and 5 trading firm, in the main and US dollar markets.
The securities with the largest price changes include, Berger Paints rising $1.35 to $21.35, Caribbean Cement falling $2.99 to $33.01, Jamaica Producers rising $1.90 to $17, JMMB Group that dropped by $1.99 to $24.01, Sagicor Group with a fall of 99 cents to $36.51 and Salada Foods with a decline of $1 to $10.50.
Main market activity ended with 22,773,292 units valued at $377,866,606 compared to 5,402,156 units valued at$66,110,510 on Thursday. Carreras accounted for 7,029,473 units changing hands, or 30.87 percent of the total volume traded, followed by Ciboney Group with 4,963,048 units representing 21.79 percent of the market volume and JMMB Group with 4,190,962 units or 18.40 percent of units traded and Grace Kennedy with 4,047,260 shares.
Trading results in an average of 875,896 shares valued at $14,533,331 for each security traded, in contrast to 200,080 shares valued at $2,448,537 on Wednesday. In contrast, February closed with average of 213,336 units valued at $3,392,475 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Trading in the US dollar market ended with Margaritaville concluded trading added 1 cent and settled at 20 US cents with 2,322 units and Sterling Investments fell 3 cents and ended at closed a 52 weeks’ low of 9 US cents with 1,000 shares. Overall, trading closed with just 3,322 shares with a value of US$554 as the market index slipped 0.94 points to 171.61.

For more details of market activities see – JSE volume jump sharply on Thursday.

JSE main market in steady trading

Trading on the Main Market of the Jamaica Stock Exchange remained steady at the close on Thursday with JSE All Jamaican Composite Index increased by a mere 0.28 points to 320,034.84 and the JSE Index advanced by just 0.25 points to 291,587.92.
Trading on Thursday closed with as 9 securities advancing, 9 declining and 13 trading firm for the main and US dollar markets.
The securities with the largest price changes include, Caribbean Cement with a fall of $3 to $32, Jamaica Broilers fell 93 cents to $18.07, Salada Foods traded $1 down to $11 and Sterling Investments rose by 95 cents to higher to $13.
Main market activity ended with 2,690,310 shares valued at $52,093,635 in contrast to 20,208,278 shares valued at $255,279,222 on Wednesday. JMMB Group accounted for 971,565 units and 36.11 percent of total volume traded.
Trading results in an average of 92,769 shares valued at $1,796,332 for each security traded, in contrast to 777,241 shares valued at $9,818,432 on Wednesday. The average volume and value for the month to date amounts to 207,617 units valued at $3,223,626 and previously, 215,943 units valued at $3,334,894. In contrast, January closed with average of 349,084 units at an average of $5,801,440 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Traded in the US dollar market ended with Margaritaville closed at 19 US cents and with 220 shares and Proven Investments traded 109,220 shares at 21.99 US cents. Total trading in the US market came to 109,220 units with a value of US$23,719 as the market index fell by 1.63 points to 167.15.
For more details of market activities see – JSE trading drops 87% on Thursday.

JSE main market in sharp fall – Tuesday

Scotia Group dropped $3.50 to be a major factor for the market fall.

Trading on the Main Market of the Jamaica Stock Exchange ended on Tuesday with JSE All Jamaican Composite Index fell by 2,849.06 points to 314,902.05 and the JSE Index declined by 2,595.81 points to 286,911.39.
Main and US market activities ended with moderate trading levels leading to prices of 14 stocks falling, 6 rising and 9 trading firm as 29 securities traded, versus 26 on Monday, including 1 from the US market.
Main market activity ended with 1,619,946 shares valued at a mere $24,684,399 changing hands, in contrast to 2,142,032 shares valued at a mere $25,490,496 trading on Monday.
The US market closed with Proven Investments exchanging 436,300 ordinary shares, at 22.95 US cents, with a value of US$98,424 and leading to the JSE US Equities Index remaining unchanged at 174.10.
Market activity ended with an average of 57,855 shares valued at $$881,586, in contrast to 76,501 shares valued at $910,375 on Monday. The average volume and value for the month to date amounts to 138,250 units valued at $2,267,631 and previously, 167,869 units valued at $2,778,279 January closed with average of 239,900 units valued at $5,158,193 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and just 3 closed with lower offers.
Major price changes at the close of the market are, PanJam Investment lost $1.80, Scotia Group dropped $3.50, Seprod fell $1.18 and Sterling Investments closed at a 52 weeks’ low after falling $1.10.
For more details of market activities see – 14 stocks fall 6 rise in JSE trading – Tuesday.