JSE Main Market closed with bullish signals

November 2, 2021 by

Market activity plunged on Tuesday, with the volume of shares trading declining 71 percent, with the value dipping 45 percent lower than on Monday, at the close of the Jamaica Stock Exchange Main Market. Trading ended, with rising stocks were just edged out by those declining, but the market closed with a strong bullish signal for Wednesday, as shown by the Investor’s Choice bid-offer indicator below. 
The All Jamaican Composite Index declined 2,156.83 points to 444,028.97, the Main Index shed 355.00 points to 402,488.29 and the JSE Financial Index lost 0.01 points to end at 97.42.
Trading ended with 47 securities compared to 52 on Monday, with 20 rising, 21 declining and six ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 16. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between the current year and August 2022.
Trading ended with 7,552,797 shares changing hands for $94,059,701 versus 26,109,974 units at $172,248,423 on Monday. Transjamaican Highway led trading with 21 percent of total volume for an exchange of 1.59 million shares, followed by Mayberry Investments, with 9.2 percent after trading 694,694 units and Wigton Windfarm with 9.2 percent for 691,775 units changing hands.
Trading averaged 160,698 units at $2,001,270, compared to 502,115 shares at $3,312,470 on Monday and month to date, an average of 340,028 units at $2,689,981. October closed with an average of 251,350 units at $2,773,208.
Investor’s Choice bid-offer indicator shows 17 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments fell 91 cents to close at $93.99 with an exchange of 29,632 shares, Caribbean Cement spiked 86 cents to $103.91 in trading 30,418 stocks, Carreras slipped 72 cents to $7.50 with the swapping of 468,011 units. Eppley lost 35 cents in ending at $37 after an exchange of 481 stock units, GraceKennedy fell $1.98 to $98.01 in transferring 19,668 stocks, Jamaica Broilers dropped $1.80 to $28 trading 117,395 shares. Jamaica Producers shed $1.50 in closing at $22 in switching ownership of 9,073 units, Kingston Wharves advanced $2.48 to close at $47 with 2,576 shares clearing the market, MPC Caribbean Clean Energy climbed $15 to $115 with the swapping of 3 units, but the price hit an all-time low of $95 during trading. NCB Financial popped $1.35 after ending at $126.50 in exchanging 292,713 stocks, Palace Amusement rallied $68 to $1,023 with 48 units changing hands, PanJam Investment fell $2 to end at $63 in trading 6,271 stock units. Proven Investments declined by $1.80 to $31.21 with a transfer of 2,647 stocks, Sagicor Group fell 75 cents in closing at $53 after owners of 148,959 units were switched, Salada Foods gained 29 cents to close at $6.54 after exchanging 110,207 shares. Seprod picked up 25 cents to finish at $63.95 with 7,044 stocks crossing the market, Supreme Ventures popped 25 cents to $18 with 10,361 stock units changing hands, Victoria Mutual Investments rose 60 cents to $6.27 in trading 72,519 shares and Wisynco Group lost 30 cents to settle at $16.15 after an exchange of 49,323 units.
In the preference segment, Productive Business Solutions 9.75% preference shares dropped $24 to end at a 52 weeks’ low of $80 with the swapping of 19,761 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Main Market stocks back down

November 1, 2021 by

Market activity closed off the first trading day of new month, with the number of shares trading declining 17 percent and the value down 31 percent from Friday out-turn at the close of the Jamaica Stock Exchange Main Market on Monday.
Trading ended with 52 securities compared to 47 on Friday, with 23 rising, 20 declining and nine ending unchanged. The All Jamaican Composite Index slid 1,513.58 points to settle at 446,185.80, the Main Index fell 1,121.73 points to 402,843.29 and the JSE Financial Index lost 0.30 points to end at 97.43.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.8. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between the current year and August 2022.
Trading ended with 26,109,974 shares down from $172,248,423 versus 31,416,493 units at $248,939,891 on Friday. Mayberry Investments led trading with 74 percent of total volume with a transfer of 19.32 million shares followed by Transjamaican Highway with 5.9 percent for 1.54 million units and Radio Jamaica, with 5 percent after trading 1.31 million units.
Trading averages 502,115 units at $3,312,470, versus 668,436 shares at $5,296,593 compared to October that averaged 251,350 units at $2,773,208.
Investor’s Choice bid-offer indicator shows 12 stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments rose 90 cents to $94.90 in exchanging 5,294 shares, Berger Paints gained 83 cents to close at $14.83 with the swapping of 2,418 stock units, Caribbean Cement slumped $10.95 to $103.05 in trading 27,188 stocks. Caribbean Producers popped 30 cents to end at $8.30 with an exchange of 114,526 units, Eppley rose $1.35 to $37.35 after 2,105 stocks cleared the market, Eppley Caribbean Property Fund advanced $2.49 to $42.90 with a transfer of 14,323 stock units. Guardian Holdings bounced $29.80 to $549.80 with 954 units changing hands, Jamaica Broilers fell $1.20 in ending at $29.80 after 352,064 shares switched owners, Jamaica Producers advanced $1.35 to $23.50 with 3,837 stock units crossing the market. JMMB Group shed 75 cents to close at $37.25 with the swapping of 152,756 units, Kingston Properties rallied $1 to $9.50 in an exchange of 302 shares, Kingston Wharves lost 48 cents to finish at $44.52 with 6,396 stocks crossing the market. Margaritaville rallied 68 cents to end at $14.88 in trading 7,030 shares, Mayberry Investments climbed 30 cents to $6.30 with the swapping of 19,315,460 units, MPC Caribbean Clean Energy declined $15 to $100 after exchanging 240 stock units. Palace Amusement dropped $60 to $955 in switching ownership of 8 stocks, PanJam Investment popped 50 cents to close at $65 with the swapping of 14,469 shares, Portland JSX lost 50 cents to settle at $7.50 after 1,045 stock units crossed the exchange. Proven Investments dipped 34 cents to close at $33.01 after transferring 84,505 units after hitting a 52 weeks’ intraday low of $30, Sagicor Group declined $4.25 in closing at $53.75 trading 9,821 stocks, Scotia Group gained 50 cents to settle at $36 in trading 14,076 stock units. Seprod fell 25 cents to $63.70, with 3,633 stocks clearing the market, Stanley Motta rose 92 cents to end at $5.84 with 16,403 shares changing hands and Sygnus Real Estate Finance lost 25 cents to close at $18 in exchanging 1,000 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Main Market down 9,000 points in October

October 29, 2021 by

Market activity ended on Friday with the market indices rising for the day but falling sharply for October and ended, with the volume of shares trading increasing 113 percent and the value 69 percent higher than on Thursday at the close of the Jamaica Stock Exchange Main Market, with rising stocks equaling those declining.
The All Jamaican Composite Index advanced 1,839.59 points to settle at 447,699.38, down nearly 8,992 points for the month, the Main Index rose 570.62 points to 403,965.02, down 10,924.94 points for the month and the JSE Financial Index fell 0.57 points to end at 97.73.
Trading ended with 47 securities compared to 49 on Thursday, with 18 rising, 18 declining and 11 ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.7. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending in the current year up to August 2022.
Trading averages 668,436 units at $5,296,593, compared to 301,075 shares at $3,006,624 on Thursday and month to date, an average of 251,350 units at $2,773,208 compared to 231,162 units at $2,651,067 on Thursday. September closed with an average of 335,669 units at $7,507,404.
Investor’s Choice bid-offer indicator shows 16 stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments shed 94 cents in ending at $94 after exchanging 54,076 shares, Caribbean Cement advanced $2 to close at $114 in trading 27,218 units, Caribbean Producers dipped 50 cents to $8 with 421,119 stock units crossing the market. Eppley Caribbean Property Fund advanced $3.91 to $40.41 in switching ownership of 121 stocks, First Rock Capital lost 40 cents to end at $12 after 8,769 shares cleared the market, Jamaica Broilers rallied $1.50 to $31 in an exchange of 138,346 units. Jamaica Producers declined $1.84 to finish at $22.15 with the swapping of 5,682 stocks units, Jamaica Stock Exchange rose 75 cents to $18.25 in exchanging 4,910 stock units, JMMB Group spiked 50 cents to end at $38 with a transfer of 302,245 shares. Kingston Wharves fell $2.50 to $45 with an exchange of 1,051 stock units, Mayberry Investments gained 50 cents in closing at $6 with 23,579,556 shares crossing the market, Mayberry Jamaican Equities popped 43 cents to close at $9 after a transfer of 1,110,000 stocks. NCB Financial fell $4.85 to $125.15 after exchanging 11,556 shares, PanJam Investment rose 75 cents to $64.50 in trading 13,075 stocks, Radio Jamaica gained 48 cents to end at $3.79 with the swapping of 338,676 stock units. Sagicor Group advanced $4.01 in closing at $58 in switching ownership of 649,260 units, Sygnus Credit Investments shed 49 cents to $17.80 in trading 215,266 stock units and Wisynco Group spiked 64 cents to $16.50 after 83,769 units crossed the market.
In the preference segment, JMMB Group 7.15% – due 2028, lost 35 cents to end at $3 in an exchange of 10,000 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

JSE Majors give up Wednesday’s big gains

October 29, 2021 by

Wednesday’s nearly 4,000 points gain recorded by the Jamaica Stock Exchange Main Market were wiped out in Thursday’s trading, helped by an unexpected fall in Caribbean Cement third quarter profit, resulting in reduced revenues and a significant drop in profits from $1.44 in the September 2020 quarter to just 5 cents per share this year, leading to a decline in the stock price to a low of $100 and an average of $102.65 and knocking around 3,400 points off the market indices.
The All Jamaican Composite Index dropped 3,915.38 points to 445,859.79, the Main Index fell 3,726.12 points to 403,394.40 and the JSE Financial Index advanced 0.03 points to end at 98.30.
At the close of the market, the volume of shares trading rose 65 percent above Wednesday outcome, but the value was lower by 24 percent as 14,752,654 shares changed hands for $147,324,583 compared to  8,948,387 units at $192,939,993 on Wednesday.
Wigton Windfarm led trading with 18.3 percent of total volume for an exchange of 2.70 million shares, followed by Radio Jamaica with 15.2 percent for 2.25 million units. 1834 Investments was next with 11.5 percent after an exchange of 1.69 million units, Ciboney Group contributed 7.5 percent, with 1.11 million units and Transjamaican Highway held 7 percent after trading 1.04 million units.
Trading ended with 49 securities compared to 50 on Wednesday, with 13 rising, 23 declining and 13 ending unchanged.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.2. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between the current year and August 2022.
Trading averages 301,075 units at $3,006,624 compared to 178,968 shares at $3,858,800 on Wednesday and month to date, an average of 231,162 units at $2,651,067, compared to 227,446 units at $2,632,171 on Wednesday. September closed with an average of 335,669 units at $7,507,404.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and none with lower offers.
At the close, Berger Paints shed 83 cents to close at $14 with the swapping of 220,460 shares, Caribbean Cement declined $3 in closing at $112 in trading 223,557 stock units, after trading most of the shares in the $100 region, Eppley Caribbean Property Fund fell $3.50 to a 52 weeks’ close of $36.50 with 14,060 stocks changing hands. First Rock Capital popped 55 cents to end at $12.40 in switching ownership of 10,637 units, Guardian Holdings dropped $28 to $520 after trading 4,229 shares, Jamaica Broilers lost 50 cents to close at $29.50 with 3,639 stock units crossing the exchange. Jamaica Producers advanced $1.89 to $23.99 with 106,774 units clearing the market, Jamaica Stock Exchange rose 90 cents to $17.50 in transferring 22,770 stocks, JMMB Group lost 50 cents ending at $37.50 in an exchange of 311,546 shares. Kingston Wharves advanced $4 to $47.50 in switching ownership of 5,520 stocks. Mayberry Investments shed 50 cents to close at $5.50 with an exchange of 16,460 stock units, Mayberry Jamaican Equities dipped 49 cents to $8.57 in trading 525,079 units. NCB Financial fell $1 to $130 with 321,890 stock units crossing the market, Palace Amusement rallied $60 to end at $1,015 with 77 stocks changing hands, PanJam Investment shed 65 cents to $63.75 with the swapping of 35,348 units. Radio Jamaica shed 49 cents ending at $3.31 with 2,248,574 shares crossing the market, Sagicor Group advanced $1.02 to $53.99 in switching ownership of 221,382 stocks, Scotia Group gained 35 cents to close at $35.35 with a transfer of 56,125 units. Sygnus Real Estate Finance spiked 25 cents in closing at $18.30 with an exchange of 3,767 shares and Wisynco Group fell $1.64 to end at $15.86 with 107,458 stock units clearing the market.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Big move by JSE Main Market stocks

October 28, 2021 by

Investors pushed 53 percent more funds into the main market on Wednesday than they did on Tuesday and delivered robust gains in the market indices, but the volume of shares trading declined 36 percent at the close of the Jamaica Stock Exchange Main Market, with an equal number of stocks rising and falling.
The All Jamaican Composite Index surged 3,908.17 points to 449,775.17, the JSE Main Index rallied 3,592.95 points to end at 407,120.52 and the JSE Financial Index added 0.58 points to close the day at 98.27.
Overall, 50 securities traded compared to 53 on Tuesday, with 18 rising, 18 declining and 14 ending unchanged and trading ended with Caribbean Producers traded at a 52 weeks’ high of $9.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.3. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecast done by ICInsider.com for companies with financial years ending between the current year and August 2022.
A sum of 8,948,387 shares traded for $192,939,993 versus 13,991,296 units at $125,864,996 on Tuesday. Ciboney Group led trading with 32.3 percent of total volume after trading 2.89 million shares, Wigton Windfarm followed with 13.6 percent for 1.22 million units and GraceKennedy, with 12.4 percent and exchange of 1.11 million units.
Trading averages 178,968 units at $3,858,800,  versus 263,987 shares at $2,374,811 on Tuesday and month to date, an average of 227,446 units at $2,632,171, compared to 230,226 units at $2,561,837 on Tuesday. September closed with an average of 335,669 units at $7,507,404.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement declined $1 to $115 with 15,335 shares changing hands, Caribbean Producers popped $1.23 to a 52 weeks’ closing high of $8.73 in trading 328,429 units after the stock hit a record $9 earlier in trading. Eppley fell $1 in closing at $36 after trading 6,168 stocks, Guardian Holdings shed $1 to end at $548 in exchanging 60,267 stock units, Jamaica Broilers rallied $1.40 to $30 with 3,148 units clearing the market, Jamaica Producers slipped $1.90 to end at $22.10, with 79,517 shares changing hands. Jamaica Stock Exchange fell 40 cents to $16.60 with the swapping of 5,517 stock units ahead of the company releasing good third quarter results, Kingston Properties dropped $1.50 to $8.50 after exchanging 29,909 stocks, Mayberry Jamaican Equities gained 26 cents to end at $9.06 with a transfer of 5,000 stock units. NCB Financial popped $1.99 to close at $131 with 39,457 shares changing hands, Palace Amusement dropped a hefty $60 to finish at $955 with 102 units crossing the market, Proven Investments spiked 45 cents to $33.47 with the swapping of 4,820 shares. Sagicor Group advanced $1.57 to end at $52.97 in exchanging 30,077 shares, Seprod gained 29 cents to settle at $63.99 in trading 10,054 stocks, Stanley Motta rose 30 cents to $5.25 after crossing the exchange with 7,000 stock units. Supreme Ventures lost 26 cents to end at $17.54, with 12,230 stock units changing hands and Wisynco Group fell $1.29 to $17.50 in exchanging 23,257 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

SVL Q3 revenues loss exceeds $800M

October 27, 2021 by

Revenues popped 22 percent to $19.3 billion for the nine months, up from $15.94 billion for the gaming company Supreme Ventures, but revenues were virtually flat third quarter with sales of $6.3 billion versus $6.266 billion in 2020.  ICinsider.com computation suggests the revenue loss could be around $800 million, but there are suggestions the loss could be twice that amount.

Profit after tax for the nine months slipped marginally from $1.55 billion to $1.54 billion, but third quarter profit plunged 48 percent from $596 million in 2020 down to $311 million. Earnings per share ended at 57.7 cents and 11.8 cents for the quarter.
Lockdown during the quarter due to the spread of Covid19 resulted in reduced revenues and lower profit, Executive Chairman Gary Peart advised ICInsider.com. Taxation ate up $673 million for the year to date versus $725 million in 2020 and for the 2021 third quarter, $186 million, down from $246 million in 2020.
Direct cost rose 15 percent year over year to September to $25.2 billion, from $21.94 billion in 2020 and down just two percent for the latest quarter to $7.99 billion as gross profit was constant at 79 percent in all periods, leaving profit margins at 21 percent and translating to an increase of 9 percent to $6.54 billion in the September 2021 period, from $6 billion in 2020 and a decline of 3 percent for the quarter to $2.17 billion.
The Lotteries segment reported Gaming income of $14.4 billion and delivered segment results of $2.3 billion, for an increase of $388 million or 2.8 percent, over that of 2020, but the results for the third quarter show a revenue loss of $800 million compared to the June quarter and seems directly related to the no movement days instituted during the period. Segment results declined $626 million or 21.5 percent year over year and were down 17 percent in the quarter from $907 million to $743 million.
The Sports Betting reported segment profit of $509 million from gaming income of $8.5 billion, an increase of 62 percent over 2020. “The growth is due significantly to the attractiveness of the offers and flexibility to game, enhanced with the use of the mobile platforms and support of the eCommerce platform”, Peart advised investors. Revenues were flat in the third quarter over the June 2021 quarter. PIN codes sales declined marginally, from $8.6 billion to $8.53 billion, while reporting segment results of $139 million and was virtually flat in the third quarter over the second quarter.
Selling, general and administrative expenses rose 23 percent for the nine months to $4.48 billion and 24 percent for the quarter to $1.6 billion. The stock last traded on the Jamaica Stock Exchange at $18 at a PE of 20 times earnings.

Filed Under: Company News, Company Results Tagged With: , ,

JSE Main Market closes mixed

October 26, 2021 by

Market activity on Tuesday closed mixed, with the volume of shares trading rising 97 percent and the value 27 percent higher than on Monday on the Jamaica Stock Exchange Main Market, but rising stocks were less than those declining at the close of the market, as the All Jamaican Composite Index dropped 871.55 points to 445,867.00, the JSE Main Index advanced 276.58 points to 403,527.57 and the JSE Financial Index added 0.25 points to 97.69.
Trading ended with 53 active securities compared to 46 on Monday, with 18 rising, 25 declining and ten ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.5. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between now and August 2022.
Trading ended with 13,991,296 shares changing hands for $125,864,996 versus 7,105,920 units at $99,181,702 on Monday. Wigton Windfarm led trading with 25.3 percent of total volume for an exchange of 3.54 million shares, followed by Transjamaican Highway with 12.5 percent for 1.75 million units, Radio Jamaica controlled 11.5 percent, with 1.61 million units and Ciboney Group ended with 8.1 percent market share for 1.14 million units.
Trading averages 263,987 units at $2,374,811, compared to 154,477 shares at $2,156,124 on Monday and month to date, an average of 230,226 units at $2,561,837, versus 228,041 units at $2,573,940 on Monday. September closed with an average of 335,669 units at $7,507,404.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints rallied 33 cents to $14.83 with an exchange of 269 stock units, Caribbean Cement advanced $1.50 to $116 after clearing the market of 26,409 stocks. Caribbean Producers rose 50 cents in closing at $7.50 with 290,385 units changing hands, Ciboney Group spiked 21 cents to close at 84 cents in switching ownership of 1,136,330 stocks, Eppley gained 45 cents to end at $37 after swapping of 1,020 units. Eppley Caribbean Property Fund fell $1.99 to $40 in exchanging 1,234 shares, First Rock Capital lost 45 cents to finish at $11.90 after transferring 26,434 stock units, GraceKennedy shed 55 cents to close at $100 in trading 557,522 stocks. Jamaica Broilers declined $1.41 to $28.60 with 16,827 units crossing the exchange, Jamaica Producers popped 60 cents to $24 in switching ownership of 60,779 stock units, Jamaica Stock Exchange shed 60 cents to close at $17 in an exchange of 4,150 shares. JMMB Group slipped 35 cents to $37.90 in transferring 137,795 stocks, Kingston Wharves gained 25 cents in ending at $43.35 after trading 8,675 units, Margaritaville shed 59 cents to $14.30 with the swapping of 1,393 shares. Mayberry Investments gained 47 cents to $5.99 with an exchange of 27,102 stock units, NCB Financial fell $4.97 to $129.01 in switching ownership of 20,383 stocks, 1834 Investments lost 21 cents to settle at 77 cents after crossing the exchange with 490,379 shares, Palace Amusement dropped $9 to end at $1,015 with 21 shares clearing the market. PanJam Investment rallied 55 cents in closing at $64.55 with 2,116 stock units changing hands, Portland JSX popped 50 cents to $8 in trading 400 units, Proven Investments fell 45 cents to $33.02 after exchanging 931 stocks. Sagicor Group declined $1.57 to $51.40 with 2,912 units clearing the market, Scotia Group dipped 40 cents to $35.10 in exchanging 137,921 shares, Stanley Motta shed 95 cents to end at $4.95 after trading 500,000 stock units and Wisynco Group advanced $3.04 to end at 52 weeks’ high of $18.79 with the swapping of 619,145 shares.
In the preference segment, JMMB Group 7.25% rose 76 cents to end at 52 weeks’ high of $3.64 with 500 stocks changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Stocks break two weeks of decline

October 25, 2021 by

After two weeks of the Jamaica Stock Exchange Main Market mostly falling on a daily basis, stocks enjoyed a big bounce in the market indices on Monday, after the volume of shares trading declined 28 percent and the value fell marginally below trading on Friday as rising stocks exceeded those declining.
The All Jamaican Composite Index spiked 3,121.23 points to 446,738.55, the Main Index climbed 2,672.56 points to close at 403,250.99 and the JSE Financial Index gained 0.93 points to end at 97.44.
Trading ended with 46 securities down from 53 on Friday, with 15 rising, 12 declining and 19 ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.7. The PE ratio for the JSE Main and USD Market quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between now and August 2022.
Trading garnered 7,105,920 shares for $99,181,702 versus 9,856,555 units at $101,827,766 on Friday. Wigton Windfarm led trading with 30 percent of total volume in exchanging 2.13 million shares, followed by Jamaica Broilers 8.3 percent with 592,861 units and Caribbean Producers with 7.4 percent after 523,215 units changed hands.
Trading averages 154,477 units at $2,156,124, compared to 185,973 shares at $1,921,279 on Friday and month to date, an average of 228,041 units at $2,573,940 compared to 232,419 units at $2,598,803 on Friday. September closed with an average of 335,669 units at $7,507,404.
Investor’s Choice bid-offer indicator shows 11 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement declined $4 to end at $114.50 in switching ownership of 55,594 shares, Caribbean Producers gained 40 cents in closing at $7 in trading 523,215 stocks, Eppley slipped 45 cents to close at $36.55 with 100 stock units changing hands. GraceKennedy popped 50 cents to $100.55 in transferring 321,137 units, Guardian Holdings climbed $34 in ending at $549 with the swapping of 4,573 stock units, Jamaica Broilers shed 49 cents to close at $30.01 after trading 592,861 units. Jamaica Producers popped $3.35 to finish at $23.40 with 25,296 shares changing hands, Jamaica Stock Exchange rose 60 cents to $17.60 after an exchange of 6,638 stocks, JMMB Group rallied 25 cents to settle at $38.25 with 165,629 units clearing the market. Kingston Wharves slipped 25 cents to $43.10 with 9,491 stocks crossing the market, Margaritaville rose 59 cents to $14.89 in trading 726 shares, NCB Financial advanced $3.98 to $133.98 with an exchange of 39,845 stock units. Sagicor Group rose 97 cents to $52.97 with 50,333 units crossing the exchange, Sagicor Real Estate Fund gained 50 cents to $8.50 in switching ownership of 2,542 shares, Seprod picked up 20 cents at $63.70 in an exchange of 10,581 stock units and Sygnus Credit Investments fell 25 cents to $18.40 after 143,800 stocks crossed the market.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Volume slips value rises on JSE Main Market

October 22, 2021 by

Market activity ended on Friday, with the volume of shares trading declining moderately and the value of the trades rising 27 percent over that on Thursday on the Jamaica Stock Exchange Main Market resulting in an equal number of stocks advancing and declining stocks.
The All Jamaican Composite Index slipped 82.69 points to close at 443,617.32, the JSE Main Index dived 2,627.64 points to 400,578.43 and the JSE Financial Index lost 0.94 points to end at 96.51.
Trading ended with 53 securities down from 50 on Thursday, with 21 rising, 21 declining and 11 ending firm.
The PE Ratio, a measure used in the computation of appropriate stock values, averages 15.6. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between now and July 2022.
Trading ended with 9,856,555 shares changing hands for $101,827,766 versus 10,649,478 units at $80,317,054 on Thursday. Wigton Windfarm led trading with 29.1 percent of total volume after a transfer of 2.87 million shares, followed by Pulse Investments 11 percent with 1.09 million units and JMMB Group 7.5% with 10.7 percent for an exchange of 1.05 million units.
Trading averages 185,973 units at $1,921,279, compared to 212,990 shares at $1,606,341 on Thursday and month to date, an average of 232,419 units at $2,598,803, compared to 235,838 units at $2,648,677 on Thursday. September closed with an average of 335,669 units at  strong>$7,507,404.
Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and none with lower offers.
At the close of trading, Berger Paints fell 33 cents to end at $14.50 with 187 shares crossing the market, Caribbean Producers fell 22 cents to $6.60 in exchanging 237,559 stock units, Ciboney Group dipped 22 cents in closing at 80 cents after 681,345 stocks cleared the market. Eppley advanced by $2 to close at $37 with the swapping of 711 units, GraceKennedy shed 95 cents to close at $100.05 with an exchange of 279,338 stock units, Guardian Holdings dived $58 to end at $515 in a transfer of 27,752 stocks. Jamaica Producers fell $1.95 to $20.05 in an exchange of 743,969 shares, JMMB Group spiked 50 cents to close at $38 with 232,367 units changing hands, Kingston Wharves popped 20 cents to settle at $43.35 in trading 16,925 shares. Margaritaville slipped 40 cents to $14.30 after exchanging 30 stock units, Mayberry Jamaican Equities lost 21 cents to close at $8.79 in switching ownership of 201 units, NCB Financial climbed $4 to $130 with an exchange of 16,063 stocks.

PanJam Investment rose 75 cents in closing at $64, with 11,021 units crossing the exchange, Portland JSX declined $2.70 to $7.50 in trading 5,400 stock units, Sagicor Group shed 97 cents in ending at $52 after an exchange of 48,753 stocks. Sagicor Real Estate Fund lost 50 cents to close at $8 with the swapping of 20,200 shares, Seprod advanced $2.60 to $63.50 with a transfer of 4,291 stocks, Stanley Motta rallied 60 cents to $5.90 with the swapping of 8,215 stock units. Sterling Investments gained 20 cents to close at $3 in switching ownership of 18,739 units.
In the preference segment, Eppley 7.50% preference share shed 65 cents in closing at $7.60 after 245 shares crossed the market and JMMB Group 7.15% – due 2028 gained 25 cents to $3.35 in exchanging 764 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

A consolidating JSE market

October 21, 2021 by

The Jamaican stock market is in consolidation mode as quarterly earnings season just started with Supreme Ventures releasing nine months results on Thursday and Caribbean Cement expected shortly, leaving investors waiting for confirmation of corporate performance ahead of any more major movement in stocks and leaving the volume of shares trading slipping marginally, but with 36 percent higher value than on Wednesday at the close of the Jamaica Stock Exchange Main Market on Thursday.
The All Jamaican Composite Index slipped 62.66 points to 443,700.01, the JSE Main Index rose 802.24 points to 403,206.07 as Guardian Holding price jumped sharply and the JSE Financial Index gained 0.52 points to end at 97.45.
Trading ended with 50 securities, compared to 53 on Wednesday, with 20 stocks rising, 18 declining and 12 ending unchanged.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.8. The PE ratios in the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial year ending between now and July 2022.
Trading ended with 10,649,478 shares changing hands for $80,317,054 versus 10,819,493 units at $58,904,046 on Wednesday. Wigton Windfarm led trading with 44.3 percent of total volume for an exchange of 4.72 million shares, followed by Ciboney Group 16.5 percent with 1.75 million units and Sagicor Select Financial Fund with 6.7 percent after trading 715,998 units.
Trading averages 212,990 units at $1,606,341, compared to 204,141 shares at $1,111,397 on Wednesday and month to date, an average of 235,838 units at $2,648,677, compared to 237,543 units at $2,726,463 on Wednesday. September closed with an average of 335,669 units at $7,507,404.
Investor’s Choice bid-offer indicator shows 12 stocks closing with bids higher than their last selling prices and three with lower offers.
In trading, Caribbean Producers popped 32 cents to $6.82 with an exchange of 101,634 units, Carreras gained 22 cents to close at $8.22 in trading 27,017 stock units. GraceKennedy jumped $1.15 to $101 in switching ownership of 420,256 stocks, Guardian Holdings surged $33 to $573 after 124 units crossed the exchange, Jamaica Broilers rallied 40 cents to $30.40 with 8,753 shares changing hands. JMMB Group dipped 50 cents to close at $37.50 in trading 52,413 stock units, Kingston Wharves lost 20 cents after ending at $43.15 in exchanging 6,905 units, Mayberry Investments shed 49 cents to $5.50 in swapping of 21,500 stocks. Mayberry Jamaican Equities spiked 25 cents to $9 with an exchange of 257,083 shares, NCB Financial popped 20 cents to $126 with a transfer of 8,988 stock units, 138 Student Living rose 45 cents to end at $5 after switching ownership of 39 shares, Palace Amusement popped $74 in closing at $1,024 with the swapping of 447 units. PanJam Investment gained 75 cents to close at $63.25 with 10,917 stocks crossing the market, Pulse Investments lost 27 cents after ending at $4 in an exchange of 47,950 units, Seprod declined $3.08 to $60.90 after 9,342 shares cleared the market and Sterling Investments lost 20 cents to settle at $2.80 with 160,000 stock units crossing the market.
In the preference segment, Eppley 7.25 preference share dropped $2.90 to $20 in an exchange of 2,000 stocks and Eppley 7.50% preference share spiked 75 cents to $8.25 in transferring five units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,