VM Investments & Wisynco dominate again

VM Investments volume falls, still number 2.

Investors’ appetite for the recently listed Victoria Mutual Investments and Wisynco Group fell on Wednesday in trading on Jamaica Stock Exchange with the prices declining by the close, but the stocks still dominated trading with the highest volume in the market.
At the close of trading, the JSE All Jamaican Composite Index advanced 760.62 points to 315,140.12 and the JSE Index climbed 693.01 points to 287,128.27 in spite of a negative advance decline ratio.
Market activity ended with 25 securities changing hands, of which 5 advanced, 18 declined, 4 traded firm. A total of 4,274,854 units valued at $51,868,008 traded on Wednesday.
In the main market activity, Barita Investments ended 7 cents higher at $8.66, with 4,351 stock units, Berger Paints closed with a loss of 20 cents at $17.80, with 415 shares, Cable & Wireless concluded trading 4 cents higher at $1.35, with 247,619 units, Carreras finished at $11.30, with 139,489 shares, Caribbean Cement settled with a loss of 1 cent at $34, with 13,524 shares. Grace Kennedy traded with a loss of 50 cents at $43, with 20,083 units, Jamaica Broilers finished trading with a loss of 10 cents at $17.90, with 5,148 shares, Jamaica Producers closed with a loss of 10 cents at $16.60, with 3,030 shares, Jamaica Stock Exchange ended at $7, with 161,816 stock units. JMMB Group concluded trading at $25, with 19,159 units, Kingston Wharves settled with a loss of 99 cents at $33, with 21,185 shares, Mayberry Investments ended trading with a loss of 20 cents at $7.20, with 31,959 stock units, NCB Financial Group traded with a loss of 17 cents at $99.63, with 90,780 units. 1834 Investments finished trading with a loss of 13 cents at $1.28, with 800 shares, Student Living concluded trading with a loss of 8 cents at $6, with 1,000 units. PanJam Investment ended with a loss of 50 cents at $41, with 73,255 stock units, Portland JSX concluded trading with a loss of 25 cents at $10.75, with 2,000 units, Pulse Investments finished with a loss of 20 cents at $2, with 53,218 shares. Radio Jamaica settled with a loss of 2 cents at $1.08, with 42,122 shares, Sagicor Group ended trading 51 cents higher at $36, with 81,110 stock units, Scotia Group finished trading $1.31 higher at $51.41, with 55,140 shares, Seprod concluded trading with a loss of 5 cents at $29.95, with 3,590 units. Supreme Ventures settled with a loss of 1 cent at $11.99, with 48,975 shares, VM Investments Limited ended trading with a loss of 7 cents at $3.91, with 704,278 stock units, Wisynco Group traded with a loss of 20 cents at $10, with 2,440,080 units and Sagicor Real Estate Fund finished trading 10 cents higher at $14.60, with 10,628 shares. In the main market preference segment, 138 Student Living variable rate shares finished at $5.68, with 100 shares trading.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “20 JSE stocks fell 5 rise – Wednesday.”

VM Invest & Wisynco still dominant – Tuesday

Victoria Mutual Investments and Wisynco Group that listed in late December on Jamaica Stock Exchange main market, continue to dominate trading with the highest volume, accounting for 7 million of the 9.4 million units traded on Tuesday up from 5.1 traded on Monday out of 7.4 million units.
Market activity ended with 25 securities changing hands, of which 11 advanced, 5 declined, 9 traded firm and Mayberry Investments trading at a 52 weeks’ high. A total of 9,412,814 units valued at $83,130,402 traded on Tuesday.
At the close of trading the JSE All Jamaican Composite Index slipped by 75.69 points to 314,379.50 and the JSE Index fell 68.97 points to close at 286,435.26.
In the main market activity, Barita Investments ended at $8.59, with 600 stock units, Berger Paints closed 20 cents higher at $18, with 51,279 shares, Cable & Wireless concluded trading at $1.31, with 285,660 units, Carreras finished with a loss of 13 cents at $11.30, with 39,486 shares, Caribbean Cement closed $1.38 higher at $35, with 14,545 shares trading. Grace Kennedy traded 50 cents higher at $43.50, with 42,979 units, Jamaica Broilers finished trading at $18, with 18,482 shares, Jamaica Producers closed 20 cents higher at $16.70, with 9,000 shares, Jamaica Stock Exchange ended at $7, with 27,000 stock units. JMMB Group concluded trading 65 cents higher at $25, with 294,549 units, Kingston Wharves settled 99 cents higher at $33.99, with 3,344 shares, Mayberry Investments ended trading 61 cents higher at $7.40, with 40,003 stock units, NCB Financial Group traded 80 cents higher at $99.80, with 48,329 units. PanJam Investment climbed $1.50 to $41.50, with 13,715 stock units, Pulse Investments finished 10 cents higher at $2.20, with 14,722 shares, Radio Jamaica settled at $1.10, with 27,986 shares traded, Sagicor Group ended trading 84 cents higher at $35.49, with 59,960 stock units. Scotia Group finished trading with a loss of $2.90 at $50.10, with 40,490 shares, Seprod closed at $30, with 157 shares, Supreme Ventures concluded trading at $12, with 127,053 units, VM Investments  finished with a loss of 2 cents at $3.98, with 2,053,519 shares. Wisynco Group settled with a loss of 19 cents at $10.20, with 4,981,783 shares and Sagicor Real Estate Fund ended trading at $14.50, with 19,661 stock units.
In the main market preference segment, Jamaica Money Market 7.5% traded with a loss of 20 cents at $1.80, with 35,000 units, JMMB Group 7.5% closed at $1.16, with 1,163,512 shares.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Advancing stocks 2 to 1 over decliners – Tuesday.”

New listings dominate trading – Monday

VM Investments continues with high volume trades.

Newly listed, Victoria Mutual Investments and Wisynco Group, continue to dominate trading with the highest volume, accounting for 5.1 million of the 7.4 million units trading on Monday.
Market activity ended with 7,415,575 units valued at $202,124,322 trading from 28 securities changing hands, compared to 8,660,030 units.
At the close of trading on Monday the JSE All Jamaican Composite Index shed 1,847.64 points to 314,455.19 and the JSE Index fell 1,683.41 points to 286,504.23.
In the main market activity, Barita Investments concluded trading with a rise of 64 cents to $8.59, with just 100 units trading, Berger Paints finished with a loss of 20 cents at $17.80, with 10,610 shares, Cable & Wireless settled with a loss of 8 cents at $1.31, with 93,684 shares, Caribbean Cement ended trading $1.62 higher at $33.62, with 1,735 stock units. Carreras traded 3 cents higher at $11.43, with 67,864 units, Grace Kennedy closed with a loss of 45 cents at $43, with 17,243 shares, Jamaica Broilers ended at $18, with 22,947 stock units, Jamaica Producers concluded trading at $16.50, with 2,808 units. Jamaica Stock Exchange finished at $7, with 13,387 shares, JMMB Group settled with a loss of 65 cents at $24.35, with 54,386 shares, Kingston Wharves traded with a loss of 99 cents at $33, with 5,278 units, Mayberry Investments finished trading 69 cents higher at $6.79, with 36,270 shares. NCB Financial Group closed 10 cents higher at $99, with 1,500,810 shares, 1834 Investments ended 13 cents higher at $1.41, with 900 stock units, PanJam Investment concluded trading with a loss of $2 at $40, with 190,150 units, Pulse Investments settled with a loss of 9 cents at $2.10, with 56,090 shares, Radio Jamaica ended trading 5 cents higher at $1.10, with 100 stock units. Sagicor Group traded with a loss of 10 cents at $34.65, with 29,983 units, Sagicor Real Estate finished trading with a loss of 50 cents at $14.50, with 2,012 shares, Salada Foods closed at $11, with 34,000 shares, Scotia Group gained $1 to end at $53, with 12,970 stock units. Seprod concluded trading with a loss of $1 at $30, with 10,900 units, Supreme Ventures settled at $12, with 125,715 shares, VM Investments ended trading with a loss of 7 cents at $4, with 2,401,456 stock units and Wisynco Group traded with a loss of 41 cents at $10.39, with 2,722,139 units as investors continue to pocket gains from the IPO price.
In the main market preference segment, Jamaica Money Market Brokers 7.25% traded 100 units at $2.49, Jamaica Money Market Brokers 7.5% traded 1,838 units and rose 20 cents to close at $2 and JMMB Group 7.5% traded 100 units to close at $1.16.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE major indices drop sharply – Monday.”

New listings retreat on Friday

Newly listed Victoria Mutual Investments and Wisynco Group are two of 6 main market stocks to pull back on Friday with 2.96 million and 1.85 million units traded respectively.
All four stocks that listed on the Jamaica Stock Exchange, in December have retreated from their peak, FosRich fell 48 percent, GWest 33 percent, Wisynco Group 28 percent and VM Investments down 10 percent.
At the close of trading on Friday the JSE All Jamaican Composite Index shed 585.03 points to end at 316,302.83 and the JSE Index fell 533.03 points to close at 288,187.64. Trading ended with 8,660,030 units valued at $83,892,685 from 27 securities changing hands, of which 12 advanced, 6 declined and 9 traded with prices unchanged.
In the main market activity, Berger Paints finished at $18, with 13,043 shares, Cable & Wireless settled 8 cents higher at $1.39, with 510 shares, Caribbean Cement ended trading with a loss of $3.50 at $32, with 16,735 stock units, Carreras traded 9 cents higher at $11.40, with 180,461 units. Ciboney Group finished trading at 37 cents, with 55,200 shares, Grace Kennedy closed 45 cents higher at $43.45, with 10,493 shares, Jamaica Broilers ended at $18, with 1,219,377 stock units, Jamaica Producers concluded trading at $16.50, with 51,177 units. JMMB Group settled at $25, with 71,228 shares, Kingston Wharves traded 12,597 units and rose $2.98 to $33.99, Mayberry Investments finished trading 10 cents higher at $6.10, with 159,384 shares, NCB Financial Group closed with a loss of 60 cents at $98.90, with 61,628 shares. 1834 Investments ended with a loss of 2 cents at $1.28, with 40,063 stock units, PanJam Investment concluded trading $1.50 higher at $42, with 7,850 units, Portland JSX jumped $1.05 to close at $11, with 164,468 shares, Pulse Investments settled 9 cents higher at $2.19, with 68,456 shares trading, Radio Jamaica ended trading at $1.05, with 100,000 stock units. Sagicor Group traded 10 cents higher at $34.75, with 46,157 units, Sagicor Real Estate Fund finished trading 50 cents higher at $15, with 2,640 shares, Salada Foods closed with a loss of $2 at $11, with 30,000 shares, Scotia Group ended $1 higher at $52, with 2,832 stock units changing hands. Sterling Investments finished at $13, with 3,202 shares, Supreme Ventures settled 10 cents higher at $12, with 48,904 shares, VM Investments Limited ended trading with a loss of 33 cents at $4.07, with 3,594,152 stock units and Wisynco Group traded with a loss of 70 cents at $10.80, with 2,698,773 units. In the main market preference segment, Jamaica Money Market Brokers 7.5% traded 100 units at $1.80 and JMMB Group 7.5% traded 600 units to close at $1.15.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Main market retreat moderately.”

JSE main market consolidating

The Jamaica Stock Exchange All Jamaican Composite Index declined by 70.24 points to close at 316,887.86 and the JSE Index declined by 64.00 points to close at 288,720.67. A total of 24 securities changed hands, down from 29 on Wednesday, 10 advanced, 11 declined and 4 traded firm.
NCB Financial accounted for more than half of the shares with 10 million units leading to 19,253,045 units valued at $1,098,475,593 trading. New listings, Victoria Mutual Investments, accounted for 2.96 million shares and Wisynco 1.85 million units.
In the main market activity, Barita Investments rose 1 cent to end at $7.95, with 8,478 units, Berger Paints finished at $18, with 62,626 shares, Cable & Wireless settled with a loss of 8 cents at $1.31, with 821,331 shares, Caribbean Cement ended trading with a surge of $4.03 to $35.50, with 542,827 stock units, Carreras traded with a loss of 14 cents at $11.31, with 480,831 units. Grace Kennedy fell 50 cents to close at $43, exchanging 13,031 shares, Jamaica Broilers ended 79 cents higher at $18, with 26,916 stock units, Jamaica Producers concluded trading with a loss of 5 cents at $16.50, with 28,306 units, Jamaica Stock Exchange finished at $7, with 11,514 shares. JMMB Group fell $2 to $25, with 57,836 shares, Kingston Wharves traded with a loss of $1.99 to end at $31.01, with 9,101 units, Mayberry Investments finished trading $1 higher at $6, with 41,781 shares, NCB Financial Group rose 50 cents to $99.50, with 10,100,229 shares. PanJam Investment concluded trading with a loss of $3 to $40.50, with 88,698 units, Pulse Investments settled with a loss of 29 cents at $2.10, with 35,000 shares, Radio Jamaica ended trading with a loss of 5 cents at $1.05, with 1,303,046 stock units, Sagicor Group traded with a loss of 35 cents at $34.65, with 21,110 units. Sagicor Real Estate Fund finished trading at $14.50, with 83,143 shares, Scotia Group ended with a loss of 10 cents at $51, with 398,181 stock units, Supreme Ventures settled 31 cents higher at $11.90, with 133,694 shares, VM Investments ended trading at $4.40, with 2,964,142 stock units and Wisynco Group traded with a loss of 50 cents at $11.50, with 1,851,366 units. In the main market preference segment, Jamaica Money Market Brokers 7.5% fell 10 cent in trading 50,418 units at $1.80 and JMMB Group 7.5% traded 119,440 units and slipped 1 cent to close at $1.15.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “NCB in big trade on Jamaican stock market.“

JSE Main Market chills – Wednesday

True Juice orange juice bottled by Wisynco that traded more than 3.785M units on Wednesday.

Trading on the Main Market ended with 29 securities changing hands resulted in 12 advancing, 10 declining and 7 traded firm with 9,357,015 units valued at $91,768,857 changing hands.
Trading ended with the All Jamaican Composite declined by 180.58 points to close at 316,958.10 on Wednesday and the JSE Index slipped 164.53 points to 288,784.67.
In the main market activity, Barita Investments endded trading 44 cents higher at $7.94, with 6,085 units changing hands, Berger Paints climbed $1 to $18, trading 326,949 shares, Cable & Wireless settled with a loss of 1 cent at $1.39, with 2,140,830 shares, Caribbean Cement ended trading with a loss of 53 cents at $31.47, with 20,428 stock units. Carreras traded at $11.45, with 328,145 units, Ciboney Group finished trading at 37 cents, with 516 shares, Grace Kennedy closed at $43.50, with 82,650 shares, Jamaica Broilers ended with a loss of 59 cents at $17.21, with 3,555 stock units. Jamaica Producers concluded trading 5 cents higher at $16.55, with 6,000 units, Jamaica Stock Exchange finished with a loss of 5 cents at $7, with 88,166 shares, JMMB Group jumped $3 t0 $27, with 18,530 shares trading, Kingston Wharves traded 50 cents higher at $33, with 476 units. Mayberry Investments finished trading with a loss of $1 at $5, with 26,370 shares, NCB Financial Group closed at $99, with 13,121 shares, 1834 Investments ended at $1.30, with 20,000 stock units, PanJam Investment concluded trading with a loss of $1.50 to close at $43.50, with 378,000 units, Portland JSX finished with a loss of 5 cents at $9.95, with 2,000 shares. Pulse Investments settled 59 cents higher at $2.39, with 6,500 shares, Radio Jamaica ended trading 8 cents higher at $1.10, with 100,000 stock units, Sagicor Group traded with a loss of 30 cents at $35, with 4,100 units, Sagicor Real Estate Fund finished trading 50 cents higher at $14.50, with 595 shares. Salada Foods closed $1.50 higher at 52 weeks’ high of $13, with 1,000 shares, Scotia Group ended with a loss of $1.90 at $51.10, with 26,000 stock units, Seprod concluded trading at $31, with 10,600 units, Supreme Ventures settled $1.58 higher at $11.59, with 7,304 shares. VM Investments Limited ended trading 40 cents higher at $4.40, with 1,911,097 stock units and Wisynco Group traded with a loss of 50 cents at $12, with 3,785,911 units. In the main market preference segment, Jamaica Money Market Brokers 7.5% traded 27,300 units at $1.90 and JMMB Group 7.5% traded 14,787 units at $1.16.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Trading picks up on JSE Main Market.”

VM Investments up 63% from IPO

VM Investments gained 63% to end at $4 on Tuesday from the IPO price

The latest listing on the Main Market of the Jamaica Stock Exchange, Victoria Mutual Investments, closed trading with 2.35 million shares with the price rising to a new closing high of $4 for a gain of 63 percent from its IPO price of $2.45, after trading as high as $4.20.
The Main Market of the Jamaica Stock Exchange concluded trading on Monday with 26 securities changing hands versus 22 securities trading on Friday. The price of 10 stocks advanced, 11 declined and 5 traded firm with 11,226,286 units valued at $102,330,476 changing hands.
Trading ended with the All Jamaican Composite 622.57 points to 317,138.68 and the JSE Index advancing by 567.23 points to 288,949.20.
In the main market activity, Berger Paints finished 45 cents higher at $17, trading just 525 shares, Cable & Wireless settled 15 cents higher at $1.40, with 1,804,417 shares, Caribbean Cement ended trading with a loss of 50 cents at $32, with 9,800 stock units, Carreras traded 5 cents higher at $11.45, with 234,822 units. Ciboney Group finished trading with a loss of 4 cents down to 37 cents, with 728 shares, Grace Kennedy closed with a loss of 25 cents at $43.50, with 16,000 shares, Jamaica Broilers ended 10 cents higher at $17.80, with 26,937 stock units, Jamaica Producers concluded trading with a loss of 20 cents at $16.50, with 1,683 units. Jamaica Stock Exchange finished at $7.05, with 12,000 shares, JMMB Group settled with a loss of $1 to end at $24, with 65,054 shares trading, Kingston Properties ended trading at $7.70, with 3,100 stock units, NCB Financial Group closed with a loss of $1 to $99, with 50,823 shares. 1834 Investments ended 5 cents higher at $1.30, with 459,937 stock units, PanJam Investment concluded trading 25 cents higher at $45, with 5,341 units, Pulse Investments settled at $1.80, with 94,172 shares, Radio Jamaica ended trading with a loss of 3 cents at $1.02, with 159,905 stock units, Sagicor Group traded with a loss of $2.70 at $35.30, with 7,563 units. Sagicor Real Estate Fund finished trading with a loss of $1 to $14, with 5,589 shares, Salada Foods closed 25 cents higher at $11.50, with 117,951 shares, Scotia Group ended with a loss of 85 cents at $53, with 104,683 stock units, Seprod settled $1 higher at $31, with 3,250 shares. Supreme Ventures traded with a loss of $1.49 to end at $10.01, with 131,005 units, VM Investments finished trading 76 cents higher to a record close of $4, with 2,353,026 shares trading and WISYNCO Group closed 51 cents higher at $12.50, with 5,546,728 shares changing hands. In the main market preference segment, Jamaica Money Market Brokers 7.25% traded 4,266 units at $2.49, Jamaica Money Market Brokers 7.5% traded 6,981 units at $1.90.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE Main Market starts 2018 with gains.”

JSE Main Market starts 2018 with gains

On the first trading of the new year the Jamaica Stock Exchange closed with the All Jamaican Composite Index climbing 622.57 points to 317,138.68 and the JSE Index advancing by 567.23 points to 288,949.20.
Trading on the Main Market of the Jamaica Stock Exchange settled on Tuesday with 26 securities changing hands, 10 advanced, 11 declined and 5 traded firm with 11,226,286 units valued at $102,330,476 compared to 10,210,190 units valued at $125,309,363 trading, from 26 securities changing hands on Friday.
Trading ended with an average of 431,780 units for an average of $3,935,788 in contrast to an average of 392,700 units for an average of $4,819,591 on Friday. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.

Devon Barrett CEO of VMIL

Recently listed, Victoria Mutual Investments, closed trading with 2.35 million shares with the price rising to a new closing high of $4 for a gain of 63 percent from its IPO price of $2.45, after trading as high as $4.20.
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 9 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Trading in the US dollar market ended with Proven Investments US ordinary share ended with 2,249 units changing hands to end at 21 US cents, the total value of trading amounted to US$472 with the JSE USD Equities Index closing unchanged at 166.17.
The major movers at the close of the market are, recent listed Wisynco traded 5.55 million shares and closed at $12.50. JMMB Group lost $1 to $24, NCB Financial fell $1 to $99, Sagicor Group dropped $2.70 to $35.30, Sagicor X Fund fell $1 to $14, Seprod gained $1 to $31 and Supreme Ventures ended with a loss of $1.49 at $10.01. Cable & Wireless traded 1.8 million shares cents to end at $1.39 in response to news that the majority owners were making an offer of $1.45 for the minority shares.

For more details of market activities see – “VM Investments up 63% from IPO.”

Junior stocks beat majors in 2017

Junior market stocks performed better than main market stocks in 2017 but that performance does not show in the gains in the market indices of both markets.
A cursory look at the Junior and Main Market indices would lead to the conclusion that investors in the main market were far better off in 2017 that their Junior Market counter path. Such a conclusion would be completely wrong. The Junior Market rose just 5.3 percent at the end of the year, down from a high of 31 percent in May, compared with almost 51 percent gain for the main market for, the full year.
Data is showing that while the Junior Market index was barely up, 8 stocks gained more than 100 percent compared to 6 in the main market. 7 Junior Market stocks rose between 50 percent and 76 percent and 9 gained between 52 percent and 81 percent in the main market. Importantly, the average gains for the Junior Market is 79 percent and losses, an average of 20 percent for a net gain of 59 percent. The average main market stock rose 68 percent while losses averaged 22 percent, a net of 48 percent.
A 43 percent fall in the price of the heavily weighted, Lasco Distributors and 14 percent in Lasco Manufacturing dented the Junior Market index in a big way.
The main market benefitted from big gains in heavy weighted, Supreme Ventures, NCB Financial, Jamaica Producers, JMMB Group, Carreras and Scotia Group with increases of 61 to 100 percent. Added to that PanJam Investment gained 60 percent, Cable and Wireless 56 percent and Sagicor Group 31 percent.

Pulse no 1 stock in 2016 & 2017

Data going back 30 years show that on only very rare occasions more than 2 stocks appear in the TOP for two consecutive years. 2017 is one such exception with 3 stocks doing so.
Pulse Investments retains the number 1 best performing main market stock position in 2017 with a gain of 256 percent, the stock also was also in the TOP 10 in 2016 at number 1 position for local stocks with gains, then of 350 percent. Berger Paints ended at the number 6 best performing stock in 2016 with gains of 200 percent and repeated in the 2017 TOP 10 with a rise of 196 percent, for the 2017 number 2 spot. Palace Amusement ended at 7 position in 2016 with a rise of 134 percent and rose 187 percent in 2017 to hold down the number 3 spot and is followed by Supreme Ventures at number 4.
The stocks from the 2017 top 10 that could repeat in 2018 include Berger Paints, Palace and Pulse, with JMMB Group looking to have a chance.