Fontana & Wisynco jumps IC Top 10

February 18, 2019 by Leave a Comment

Fontana Waterloo Road branch now new completion.

There were some major price movements for the TOP 10 stocks. By the end of the week, Fontana moved up in price to $3.95 and moved out of the list.
ISP Finance closed with the bid at $13, forecasted earnings was adjusted down to $1.65 for 2019, with the stock existed the TOP 10. Caribbean Cream and Jamaican Teas replaced the above two companies.
TOP 10 main market selection last week, Wisynco closed the week at $11 and that was enough to move it off the list with Carreras moving back on to the list. Radio Jamaica made a big surge from 80 cents to end the week at $1.20 but with the offer at $1.18 after the company posted strong gains in profit in the December quarter of $168 million versus $79 million in the similar period in 2017. Seprod also enjoyed a big move from $34.85 to $39, both remain in the TOP 10.
Stocks falling out of the TOP 10 should not be ignored, they have much more gains ahead of them, in 2019. Both Fontana and Wisynco earnings are based on June 2019 year-end. Results for the 2020 year will start coming out before the end of this year and could result in increased interest in the stocks.
Medical Disposables fell in price during the week and rose in the TOP 10 to number 2 while Sygnus Credit Investments garnered increased buying interest with the price moving up with the stock just holding on to the number 10 spot on the main market list.
The three leading Junior Market stocks are General Accident, with potential gains of 300 percent, Medical Disposables with 264 percent projected gains and Stationery and Office Supplies 245 percent.
The three leading main market stocks are, Victoria Mutual investments 150 percent likely gains, Caribbean Cement with likely gains of 150 percent and Sterling Investments with 135 percent.
The main market closed the week with the overall PE at 13 and the Junior Market at 10. The PE ratio for Junior Market Top 10 stocks average 6.2 and the main market PE is now 8.4.
The TOP 10 stocks now trade at an average discount of 38 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings. The main market stocks trade at a discount of 35 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, 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 based on new information received that can result in changes in and out of the list as well.

 

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JSE main market gaining momentum

February 15, 2019 by

JSE main market moving higher with strong support from resistance level (Red Line) going back to 2016

Trading on the main market of the Jamaica Stock Exchange ended on Friday with JSE All Jamaican Composite Index jumping 2,500.28 points to 417,412.66 and the JSE Index climbing by 2,275.58 points to 380,307.12.
At the close market activity, the main and US markets traded 39 securities, compared to 32 securities trading on Wednesday, with 18 advanced, 13 declined and 8 traded firm.
Main market activity ended with, 3,327,691 units valued at $215,403,267 changing hands, compared to 20,917,776 units valued at $2,473,285,188 on Thursday.
Eppley, Jamaica Stock Exchange and 138 Student Living preference share closed trading at 52 weeks highs but PanJam Investment traded at a 52 weeks’ intraday high of $82 but fell back by the close.
NCB Financial Group led trading for the second consecutive day with 1,062,496 shares for 32 percent of the day’s volume, Radio Jamaica was next with 672,252 shares, accounting for 20 percent of the total main market volume changing hands and Jamaica Broilers ended with 336,124 shares, for 10 percent of the day’s volume.
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 2 closing with lower offers.
An average of 97,873 units valued at $6,335,390, in contrast to 674,767 shares valued at $79,783,393 on Thursday. The average volume and value for the month to date, amounts to 351,464 shares with a value of $16,773,070 and previously, 318,056 shares with a value of $9,511,657. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
In main market activity, Barita Investments lost $1.10 in closing at $49.50 in trading 167,000 shares, Berger Paints fell 50 cents to end at $20, with 18,072 stock units trading, Caribbean Cement exchanged 40,126 shares with a loss of 50 cents, to end at $43. Eppley climbed $3.90 and ended trading of 1,000 shares, at a 52 weeks’ high of $13, Grace Kennedy traded 6,862 stock units with a gain of 50 cents to end at $58.50, Jamaica Producers rose 50 to close at $22.50, with 7,370 shares trading, Jamaica Stock Exchange ended at a 52 weeks’ closing high of $17.50, with 83,338 shares trading. JMMB Group lost $1.30 in trading of 19,904 shares at $31.70, Kingston Wharves rose $1 to close at $76, with 1,589 units changing hands, Mayberry Investments lost 85 cents and ended trading of 6,119 shares, at $8.05, 138 Student Living lost 30 cents trading 25,200 shares at $5.50. PanJam Investment fell 50 cents trading 19,320 units to close at $79.50 after hitting earlier a 52 weeks high of $82, Sagicor Group gained $1 and ended trading 53,548 stock units at $38.50, Salada Foods rose 50 cents trading 5,200 shares at $33. Scotia Group rose $1.99 trading 5,498 shares at $53.99, Stanley Motta shed 33 cents to end at $4.67, with an exchange of 2,000 shares, Sygnus Credit Investments dipped 50 cents to end at $11.50 with an exchange of 88,000 shares and Wisynco Group gained 35 cents and concluded trading of 43,108 shares at $11.
Trading in the US dollar market resulted in 152,096 units valued at US$31,930 changing hands.  JMMB Group 6% preference share concluded trading of 1,300 units at $1.04, Margaritaville traded 3,895 shares at 24 US cents, Proven Investments traded 129,301 units, with the price closing at 21.99 US cents, Sterling Investments trading 10,000 units to close at 4 us cents and Sygnus Credit Investments ended with 7,600 units trading at 11 US cents after falling 1 cent. The JSE USD Equities Index rose 0.33 points to close at 175.38.

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Valentine’s gift for JSE investors – Thursday

February 14, 2019 by

NCB Financial traded 16.55m shares on the JSE on Thursday.

Gains in 15 stocks against 9 with losses sent the main market of the Jamaica Stock Exchange surging at the end of trading on Thursday. NCB Financial traded more than $16.5 million shares but had little impact on the indices.
At the close, the JSE All Jamaican Composite Index jumped 5,188.44 points to 414,912.38 and the JSE Index surged 4,722.16 points to 378,031.54.
The main and US markets traded 32 securities, compared to 35 securities trading on Wednesday, with Jamaica Stock Exchange and Wisynco Group trading at 52 weeks intraday highs but PanJam Investments ended at a 52 weeks’ closing high as supply of the stock is very limited.
Main market activity ended with, 20,917,776 units valued at $2,473,285,188 changing hands, compared to 9,650,019 valued at $141,880,042 on Wednesday.
NCB Financial Group led trading with 16.55 million shares for 79 percent of the day’s volume, Wisynco Group was next with 1,492,528 shares, accounting for 7 percent of the total main market volume changing hands and Radio Jamaica ended with 944,409 shares, for 4.5 percent of the day’s volume.
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 3 closing with lower offers.
An average of 674,767 units valued at $79,783,393 compared to 292,425 units valued at an average of $4,299,395 for each security traded, on Wednesday. The average volume and value for the month to date, amounts to 351,464 shares with a value of $16,773,070 and previously, 318,056 shares with a value of $9,511,657. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
In main market activity, Barita Investments rose 60 cents to close at $50.60, in trading 4,169 shares, Berger Paints jumped $1 to end at $20.50, with 4,755 stock units trading, Caribbean Cement finished with a gain of 35 cents to end at $43.50, with an exchange of 9,975 shares. Grace Kennedy traded 82,237 stock units but lost $1.50 to end at $58, Jamaica Broilers finished trading 58,596 shares and lost 30 cents to end at $33.50, Jamaica Producers fell 41 to close at $22, with 26,953 shares trading, JMMB Group gained 25 cents in concluded trading of 408,504 shares at $33,. Kingston Wharves rose $4 to close at $75, with 23,515 units changing hands, 183 Student Living rose 80 cents trading 1,100 shares at $5.80. PanJam Investment  jumped $4.99 in ending at a 52 weeks closing high of $80, trading 48,795 units, Sagicor Group  gained 40 cents and ended trading 153,890 stock units at $37.50,  Scotia Group added 75 cents trading 20,694 shares at $52,  Stanley Motta  gained 50 cents to end at $5, with an exchange of 31,684 shares. Sygnus Credit Investments rose $1.20 to end at $12 with an exchange of 41,700 shares, Victoria Mutual Investments  rose 35 cents to settle at $4.05, with 30,867 shares changing hands and Wisynco Group fell 25 cents and concluded trading of 1,492,528 shares $10.65, after trading at a 52 weeks’ intraday high of $12. Trading over the past 4 days have significantly dried up supply of the stock.
Trading in the US dollar market resulted in 36,975 units valued at US$8,057 changing hands with Proven Investments being the sole stock trading, with the price closing at 21.99 US cents. The JSE USD Equities Index fell 0.79 points to close at 175.05.

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JSE main market closes down – Wednesday

February 13, 2019 by
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Trading on the main market of the Jamaica Stock Exchange ended on Wednesday with the market indices and ending with more declines even as advancing stocks were more than declining ones.
At the close of trading, the JSE All Jamaican Composite Index declined 877.61 points to 409,723.94 and the JSE Index lost 798.74 points to 373,309.38.
The main and US markets traded a total of 35 securities, compared to 34 securities trading on Tuesday, with the prices of 11 rising, 9 declining and 15 remaining unchanged.  JMMB Group 7% NC preference share closed at a 52 weeks’ low $1.98.
Main market activity ended with, 9,650,019 valued at $141,880,042, compared to 9,605,896 units valued at $71,284,670 changing hands, on Tuesday.
Wisynco Group led trading with 3.3 million shares for 34 percent of the day’s volume, Radio Jamaica was next with 2,093,021 shares and accounting for 22 percent of the total main market volume changing hands and Jamaica Broilers with 1,959,403 shares, for 20 percent of the day’s volume and Jamaica Stock Exchange traded 1.16 million units.
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 4 closing with lower offers.
An average of 292,425 units valued at an average of $4,299,395 compared to 300,184 units valued at an average of $2,227,646 for each security traded, on Tuesday. The average volume and value for the month to date, amounts to 318,056 shares with a value of $9,511,657 and previously, 321,224 shares with a value of $10,240,490. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
In main market activity, Grace Kennedy traded 35,455 stock units and climbed $1.84 to end at $59.50, Jamaica Broilers finished trading 1,959,403 shares and rose 30 cents to end at $33.80, Kingston Wharves rose $1 to close at $71, with 1,192 units changing hands, 183 Student Living rose 99 cents and finished trading 5,000 shares at $5. PanJam Investment dropped $2.99 in closing at $75.01, trading 1,500 units, Sagicor Group  fell $1.40 and ended trading 23,200 stock units at $37.10,  Salada Foods traded just 18,495 shares, but lost $5.50 to close at $32.50. Stanley Motta  fell 50 cents to end at $4.50, with an exchange of 1,616 shares, Supreme Ventures rose 45 cents and finished trading of 129,583 units at $19.80. Sygnus Credit Investments rose 75 cents to end at $11 with an exchange of 16,550 shares, Victoria Mutual Investments  rose 35 cents to settle at $4.05, with 30,867 shares changing hands and Wisynco Group rose 40 cents and concluded trading of 3,318,014 shares $10.90.
Trading in the US dollar market resulted in 41,480 units valued at $7,059 changing hands. Proven Investments traded 30,000 units at 22 US cents and Sterling Investments rose 2 cents in exchanging of 11,480 shares at 4 US cents. The JSE USD Equities Index advanced by 5.09 points to close at 175.84.

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2 days of strong JSE main market gains end

February 12, 2019 by

Radio Jamaica traded more than 4 million shares as the compnay posted strong gains in profit in the December quarter.

Trading on the main market of the Jamaica Stock Exchange ended on Tuesday with the market snapping two days of solid gains in the market indices and ending with big declines even as advancing stocks were more than declining ones.
At the close of trading, the JSE All Jamaican Composite Index dropped by 2,837.49 points to 410,601.55 and the JSE Index dived by 2,582.48 points to 374,108.12.
The main and US markets traded a total of 34 securities, compared to 33 securities trading on Monday, with the prices of 16 rising, 11 declining and 7 remaining unchanged. Three stocks traded at new highs during the trading session but only two ended at a new closing high and one closed at a 52 weeks’ low.
Main market activity ended with, 9,605,896 units valued at $71,284,670 compared to 3,396,161 units valued at $104,302,598 changing hands, on Monday.
Radio Jamaica led trading with 4,707,436 shares for 49 percent of the day’s volume, after the company posted strong gains in profit in the December quarter of $168 million versus $79 million in the similar period in 2017. JMMB Group 6% preference share was next with 1,799,538 shares and accounting for 18.7 percent of the total main market volume changing hands and 1834 Investments with 705,080 shares, for 7 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 15 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
An average of 300,184 units valued at an average of $2,227,646 compared to 106,130 units valued at an average of $3,259,456 for each security traded, on Monday. The average volume and value for the month to date, amounts to 321,224 shares with a value of $10,240,490 and previously, 324,089 shares with a value of $11,497,407. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
In main market activity, Berger Paints lost 50 cents and ended at $19.50, with an exchange of 6,803 stock units, Grace Kennedy traded with 88,962 stock units and lost 34 cents to end at $57.66, Jamaica Producers regained 50 cents to close at $23 in trading 6,008 shares. Jamaica Stock Exchange gained $1 and closed trading with 36,189 units changing hands, at a record close of $16, JMMB Group rose 65 cents and concluded trading 18,827 shares at $32.75, Kingston Wharves dropped $2 and settled at $70, with 44,616 units changing hands, 138 Student Living rose 49 cents and finished trading 1,199 shares at $4.01. PanJam Investment  jumped $2.99 and ended at a 52 weeks’ closing high of $78, trading 6,262 units, Sagicor Group  lost 35 cents and ended trading at $38.50, with 39,275 stock units, Salada Foods traded just 700 units, but lost 50 cents to close at $38, Scotia Group  dropped $1.89 to finish trading 195,910 shares at $51.11. Seprod climbed $2.50 to finish trading of 695,712 shares at $39, Stanley Motta  rose 30 cents to end at $5, with an exchange of 5,000 shares, Supreme Ventures rose 35 cents and finished trading of 12,668 units at $19.35. Sygnus Credit Investments rose 75 cents to end at $11 with an exchange of 16,550 shares and Victoria Mutual Investments lost 30 cents to settle at $3.70, with 236,520 shares changing hands.
Trading in the US dollar market resulted in 99,033 units valued at over $11,543 changing hands. Proven Investments traded 6,633 units to close at 22 US cents and Sygnus Credit Investments rose by 2 cents in exchanging of 92,400 shares at 11 US cents. The JSE USD Equities Index advanced by 6.87 points to close at 170.75.

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More gains for JSE main market – Monday

February 11, 2019 by

Barita Investments dominated trading with 1.1 milliobn shares changing hands.

The main market of the Jamaica Stock Exchange closed on Monday with a second day of strong gains in the market indices with the prices of 16 rising, 13 declining and 4 remaining unchanged.
The JSE All Jamaican Composite Index jumped 3,028.23 points to close at 413,439.04 and the JSE Index climbed 2,756.09 points to close at 376,690.60 after both rose by more than 2,944 points on Friday.
Importantly, NCB financial that played a big role in many of the big movements in recent months had little impact in Mondays move and suggesting that investors’ interest is more broad-based now than a few weeks ago.
The main and US markets traded a total of 33 securities, compared to 31 securities trading on Friday.
Main market activity ended with, 3,396,161 units valued at $104,302,598 changing hands, in contrast to 7,016,682 units valued at $207,252,597, on Friday.
Barita Investments led trading with 1,113,243 units for 33 percent of the day’s volume, followed by Wisynco Group with 628,630 shares and accounting for 19 percent of the total main market volume changing hands and Seprod with 443,979 stock units for 13 percent of the day’s volume.
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 2 closing with lower offers.
An average of 106,130 units valued at an average of $3,259,456 for each security traded, in contrast to 241,955 units valued at an average of $7,146,641 on Friday. The average volume and value for the month to date amounts to 324,089 shares with a value of $11,497,407 and previously, 358,447 units valued $13,030,049. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
In main market activity, Barita Investments surprisingly, added 51 cents to close at $50.01, with the trading a large volume of 1,113,243 shares up to $52. Berger Paints gained 50 cents and ended at $20, with an exchange of a mere 100 stock units, Caribbean Cement rose 90 cents in trading 1,500 shares at $43, Jamaica Broilers climbed 50 cents in trading of 51,600 units, to close at 52 weeks’ closing high of $33.50. Jamaica Producers lost 50 cents to close at $22.50 and trading 6,000 shares, Jamaica Stock Exchange gained $1 and closed trading with 34,786 units changing hands, at a record close of $15, JMMB Group fell 70 cents concluded trading at $32.10, with 57,512 shares. Kingston Wharves rose $3.48 cents and settled at $72, with 6,449 units changing hands, Pulse Investments traded 2,000 units and lost 50 cents to close at $2.70, Salada Foods traded 10,860 units, but lost 50 cents to close at $38.50. Seprod rose $1.65 to finish trading of 443,979 shares at $36.50, Supreme Ventures lost 80 cents and finished trading 42,611 units at $19 and Sygnus Credit Investments lost 90 cents to end at $10.25 with an exchange of 49,018 shares.
Trading in the US dollar market resulted in 54,933 units valued at $57,130 changing hands as the sole stock trading, JMMB Group 6% preference share, lost 2 cents and concluded trading with 54,933 units at US$1.04. The JSE USD Equities Index closed at 163.88.

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Cement & General Accident top IC Top 10

February 11, 2019 by

IC Insider.com TOP 10 selections return after a break. The selections, are based on 2019 earnings. Quite a number of the 2018 TOP 10 listings appear again in this year’s lists.
New to the Junior Market, are Fontana that was listed in December last year, Lasco Manufacturing, ISP Finance and Medical Disposables. New to the TOP 10 main market list are Caribbean Cement, Sterling Investments, Radio Jamaica and Sygnus Credit Investments.
The three leading Junior Market stocks are General Accident, with potential gains of 310 percent, Stationery and Office Supplies 284 percent and ISP Finance with 250 percent.
The three leading main market stocks are, Caribbean Cement with likely gains of 152 percent, Radio Jamaica, 150 percent and Victoria Mutual investments 147 percent.
Fontana, is projected by IC Insider.com, to earn at 50 cents per share for the current year and should go on to boost earnings for the June 2020 much higher with the opening of its newest branch this year. The prospects for the stock is very good over the next two to three years with the expansion plans that the company has for it. Lasco Manufacturing’s profit for the December quarter was effectively flat at $197 million but is up a strong 32 percent for nine months period. With EPS at 17 cents for the year, to December, full year results could hit 25 cents per share with 2020 moving higher as new product lines deliver more sales and profit. ISP Finance has been gradually building the loan portfolio and reporting improved annual profits but investment in increased staffing to manage expansion has increased cost faster than growth in revenues. The company exhausted the cash on hand in 2018 and borrowed additional funds to expand their loan portfolio. 2019 should be the year that profit break out and justify the current stock price. Medical Disposables delivered improved results in the six months to September last year with increased revenues coming from the new consumer lines that have been added to the product range.
In the main market, the way seems clear for Caribbean Cement to break out this year with the plant upgrade now behind them and the discontinuation of costly import of cement to fill the gap left by lower production as the plant upgrade took place in 2018. The company will benefit from increased sales as the construction sector continues to grow and demand more cement to use in building. Sterling Investments’ share has been undervalued for sometime and remains so, even after a 5 for 1 stock split in late 2018 that help move the price up. Additional funds from a recent rights issue will place the company in a position to take advantage of other investment opportunities and boost profit. Radio Jamaica has not delivered on the improved profitability after merging with the Gleaner but with income showing some growth against an improving economy, the 2020 fiscal year could start showing improved results. Sygnus Credit Investments is an undervalued stock with earnings to the September quarter negatively affected by the slippage in the rate of exchange of the local currency. Exchange movements does not affect the underlying fundamentals of the company going forward.
The main market closed the week with the overall PE at 13 and the Junior Market at 10. The PE ratio for Junior Market Top 10 stocks average 6.1 and the main market PE is now 8.2.
The TOP 10 stocks now trade at an average discount of 39 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings. The main market stocks trade at a discount of 37 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, 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 based on new information received that can result in changes in and out of the list as well.

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JSE main market bounces – Friday

February 8, 2019 by

The main market of the Jamaica Stock Exchange enjoyed increased trading levels at the close on Friday over Thursday’s improved levels, leading the JSE All Jamaican Composite Index to jump 3,235.32 points to 410,410.81 and the JSE Index climbing by 2,944.56 points to 373,934.51.
Main market activity ended with, 7,016,682 units valued at $207,252,597 changing hands, in contrast with 4,986,769 units valued at $74,552,633, on Thursday.
The main and US markets traded a total of 33 securities, with prices of 13 rising, 9 declining with 9 remaining unchanged, compared to 31 securities trading on Thursday.
Wisynco Group led trading with 2,688,897 units for 38 percent of the day’s volume, followed by Grace Kennedy, with 1,521,787 shares and accounting for 22 percent of the total main market volume changing hands and Sygnus Credit with 543,056 stock units for 8 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 6 stocks ending with bids higher than their last selling prices and 5 closing with lower offers.
An average of 241,955 units valued at an average of $7,146,641 for each security traded. In contrast to 184,695 units for an average of $2,761,209 on Thursday. The average volume and value for the month to date amounts to 358,447 units valued $13,030,049 and previously, 523,805 units valued $16,891,062. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
In main market activity, Berger Paints lost $1.50 and ended at $19.50, with an exchange of 5,153 stock units, Jamaica Broilers climbed $4 in trading of 58,277 units, to close at $33, Jamaica Producers gained $1 to close at $23, trading 17,568 shares. Jamaica Stock Exchange closed trading with 81,864 units changing hands, with a rise of 5 cents to a record close of $14, Kingston Wharves lost 38 cents and settled at $68.52, with 266,720 units changing hands. Proven Investments traded 3,000 units and rose 50 cents to close at $27.50, Sagicor Group rose 25 cents in trading 25,424 stock units, to close at $38.80, Scotia Group fell 99 cents and finished trading of 489,552 shares at $53 and Sygnus Credit Investments lost 45 cents to end at $11.15 with an exchange of 543,056 shares.
Trading in the US dollar market resulted in 52,812 units valued at over $10,639 changing hands. JMMB Group 6% preference share concluded trading at $1.06 with 218 units, JMMB Group 5.75% preference share closed at $2 trading 2,114 shares, Proven Investments traded 14,180 units to close at 22 US cents and Sygnus Credit Investments exchanged of 36,300 shares at 9 US cents. The JSE USD Equities Index fell 5.54 points to close at 163.88.

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JSE main market drops – Thursday

February 7, 2019 by

Trading picked up over that on Wednesday on the main market of the Jamaica Stock Exchange ended on Thursday with JSE All Jamaican Composite Index falling by 1,009.17 points to 407,175.49 and the JSE Index declining by 918.47 points to 370,989.95.
Main market activity ended with, 4,986,769 units valued at $74,552,633, in contrast with 2,541,810 units valued at $57,485,785 on Wednesday.
The main and US markets traded a total of 31 securities, with prices of 13 rising, 9 declining with 9 remaining unchanged, compared to 34 securities trading on Wednesday.
JMMB Group 7.5% preference share led trading with 2,001,000 units for 40 percent of the day’s volume, followed by Jamaica Broilers with 1,531,165 shares and accounting for 21 percent of the total main market volume changing hands and Wisynco Group with 589,188 stock units for 12 percent of the day’s volume.
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 5 closing with lower offers.
An average of 184,695 units valued at $2,761,209, in contrast to 42,483 units valued at $1,358,497 on Wednesday. The average volume and value for the month to date amounts to 523,805 units valued $16,891,062 and previously, 523,805 units valued $16,891,062. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
In main market activity, Barita Investments fell $1.52 to close at $49.48, with 5,691 shares changing hands, Caribbean Cement shed 95 cents to finish at $42.05, trading 15,476 shares, Jamaica Broilers dropped $3.51 in trading of 1,531,165 units, to close at $29. Jamaica Stock Exchange closed trading with 35,508 units changing hands, with a rise of 45 cents to a record close of $13.95. JMMB Group concluded trading with 12,319 shares but rose 80 cents to $32.80, Kingston Wharves lost $1.10 and settled at $68.90, with 6,557 units changing hands, 138 Student Living rose 41 cents to $3.40, in trading 1,000 units, PanJam Investment rose $1 to end at $75 with 11,974 units changing hands. Sagicor Group fell by 20 cents in trading 30,407 stock units, to close at $38.55, Scotia Group climbed $2.94 and finished trading of 59,319 shares at $53.99 and Seprod lose $1.41 to end at $34.92 with an exchange of 13,581 shares.
Trading in the US dollar market resulted in 10,022 units valued at US$4,728 changing hands. JMMB Group 6% preference share concluded trading with a gain of 2 cents to settle at $1.06 with 950 units, JMMB Group 5.75% preference share finished with a rise of 1 cent to $2 with 486 shares trading, JMMB Group 5.5% preference share settled ended at $2 with 486 shares and Proven Investments traded 8,100 units and rose 1 cent to close at 22 US cents. The JSE USD Equities Index was unchanged at the close at 169.42.

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Robust JSE main market gain – Wednesday

February 6, 2019 by

Trading on the main market of the Jamaica Stock Exchange ended on Wednesday with JSE All Jamaican Composite Index climbing 1,683.64 points to 408,184.66 and the JSE Index advancing by 1,532.33 points to close at 371,908.42.
Main market activity ended with just 2,541,810 units valued at $57,485,785, in contrast with 1,062,072 units valued at over $33,962,415 on Tuesday.
The main and US markets traded a total of 34 securities, with prices of 7 rising, 12 declining with 15 remaining unchanged, compared to 29 securities trading on Tuesday.
Supreme Ventures led trading with 622,892 units for 24.5 percent of the day’s volume, followed by Wisynco Group with 539,782 shares and accounting for 21 percent of the total main market volume changing hands and JMMB Group 7.5% preference share with 415,445 stock units for 16 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 6 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
An average of 81,994 units valued at an average of $1,854,380, in contrast to 42,483 units valued at $1,358,497 on Tuesday. The average volume and value for the month to date amounts to 523,805 units valued $16,891,062 and previously, 684,936 units valued at $22,375,029. Trading for January resulted in an average of 101,980 units valued at $3,042,494, for each security traded.
In main market activity, Barita Investments fell 40 cents to close at $51, with 158,787 shares changing hands, Jamaica Broilers fell by 49 cents in trading of 21,422 units at $32.51, Jamaica Stock Exchange closed trading with 46,997 units changing hands with a rise of 50 cents to $13.50. Kingston Wharves gained 80 cents and settled at $70.00, with 3,678 units changing hands, 138 Student Living rose 68 cents to $2.99, in trading 100 units, PanJam Investment lost $1 to end at $74 with 4,680 units changing hands. Sagicor Group fell by 25 cents trading 22,412 stock units, to close at $38.75, Scotia Group lost $1.95 and finished trading of 16,288 shares at $51.05 and Seprod lost 99 cents to end at $33.51 with an exchange of 12,894 shares.
Trading in the US dollar market resulted in 61,777 units valued at $6,450 changing hands. Margaritaville  ended trading 477 shares at 24 US cents, Proven Investments traded 6,300 units and rose 1 cent to close at 22 US cents and Sygnus Credit Investments closed trading of 55,000 units to close at 9 US cents. The JSE USD Equities Index advanced 0.33 points to close at 169.42.

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