Modest trading on JSE US$ market

April 23, 2020 by

Trading on the JSE US dollar market on Thursday ended with moderate activity, resulting in five securities changing hands and ended with two stocks rising, two declining after one was left unchanged.
At the close, the market advanced by 12.88 points to 203.04. The PE ratio of the market closed with an average of 13.2 times 2020 earnings.
The volume of shares traded was well below amounts passing through the market on Wednesday as investors exchanged just 161,095 units with a value of US$4,685, in contrast to 1,959,096 units for US$382,572 on Wednesday.
Stocks trading are, First Rock Capital exchanging 15,808 units and shedding 0.8 of a cent to close at 9.2 US cents, Proven Investments gained 5 cents to end at 26 US cents, with the trading of 565 units. Sygnus Credit Investments gained 0.01 cent exchanging 6,912 units and closed at 12.09 US cents and Trans Jamaican Highway swapped 137,067 shares at 0.9 of a US cent after losing 0.1 of a cent.
In the preference segment, JMMB Group 6% preference share traded 743 units at US$1.11.

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

Filed Under: Global Market, Stock Market Tagged With: , , , , , , , , , ,

Proven Investments price drops 23%

April 22, 2020 by

Proven Investments took charge of the JSE US market on Wednesday in trading just over half of the total volume passing through the market, but the stock lost 23 percent of the price in doing so.
Market activity resulted in six securities changing hands, with one stock rising, two declining and three left unchanged. The volume of shares traded was 1,959,096 units with a value of US$382,572, in contrast to 3,324,487 units for US$323,180 on Tuesday.
At the close, the market fell 14.37 points to close at 190.16. The PE ratio of the market closed with an average of 12.4 times 2020 earnings.
In market activity, First Rock Capital rose 0.08 of a cent to 10 cents, in trading 1,000 units, Productive Business Solution exchanged 500 units at 77 US cents. Proven Investments shed 6.2 cents and closed at 21.01 US cents after trading 1,700,000 shares up from 1.1 million units passing through the market on Tuesday. Sygnus Credit Investments transferred 96,602 shares at 12 US cents, after losing 2 cents and Trans Jamaican Highway closed at 1 US cent, with 159,394 shares changing hands.
In the preference segment, JMMB Group 6% preference share traded 1,600 units at US$1.11.

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

Filed Under: Global Market, Stock Market Tagged With: , , , , , , , , , , ,

Proven shines in US$ market

April 21, 2020 by

On a day when only three securities traded on the Jamaica Stock Exchange US dollar market, trading in Trans Jamaica Highway shares cornered 67 percent of the market.

Proven Investments price rose on the JSE US market.

Proven Investments was second with volume traded accounting for a third, but dominated the cash trade, with US$300,441 of the value passing through the market compared to the former, with just US$22,057.
Market activity resulted in three securities changing hands, with the price of one stock rising, two declining and two remaining unchanged compared to five stock trading on Monday. The volume of shares traded was 3,324,487 units value at US$323,180, in contrast to 1,538,242 units with an amount of US$67,633 on Monday. At the close, the market gained 5.05 points to 204.53 and the PE ratio of the market closed with an average of 13.6 times 2020 earnings.
The stocks trading are, Proven Investments closed with the price rising 2.3 cents to end at 27.3 US cents trading 1,107,456 units, Sygnus Credit Investments closed with a gain of 1 cent to finish at 14 US cents, in trading 5,000 stock units and Trans Jamaican Highway exchanging  2,212,031 shares at 1 US cent.

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

Filed Under: Global Market, Stock Market Tagged With: , , , , , , , ,

Trans Jamaica dominates US$ market

April 20, 2020 by

Trading on the Jamaica Stock Exchange US dollar Market climbed over Friday’s level as investors bought nearly three and a half times the amount of Trans Jamaican Highway shares as on Friday.
Market activity resulted in five securities changing hands, with the price of one stock rising, two declining and two remaining unchanged. The volume of shares traded was 1,538,242 units value at US$67,633, in contrast to 464,489 units for US$15,549 on Friday. At the close, the market declined by 2.29 points to 199.48 and the PE ratio of the market closed with an average of 13.5 times 2020 earnings.
The stocks trading are, Proven Investments with the price ending at 25 US cents, with a loss of 1 cent in transferring 2,400 units, Sygnus Credit Investments closed at 13 US cents, in trading 18,247 stock units and Trans Jamaican Highway exchanging 1,476,595 shares at 1 US cent. In the US dollar preference section, JMMB Group 5.75% preference share swapped 5,000 units and shed 13 cents to end at US$2 and JMMB Group 6% gained 1 cent to close at US$1.11, with 36,000 shares changing hands.

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

Filed Under: Global Market, Stock Market Tagged With: , , , , , , , , ,

Four changes to IC TOP 10

April 19, 2020 by

The Main and the Junior Market of the Jamaica Stock Exchange saw investors taking profit after a robust run since the second half of March, up to last Tuesday after reopening from the Easter holiday break. At the close of the week, IC Insider.com TOP 10 stocks had four changes to the lists.

Image courtesy of suphakit73/FreeDigitalPhotos.net

The Main Market closed the week with one change as Caribbean Cement climbed 14 percent to $48.50, from $42.50. The latest entrant is Eppley, with the price falling to $14.80 from $17 at the close of the prior week. The more volatile Junior Market ended with three changes. Moving on from the Junior Market TOP 10 are Caribbean Assurance Brokers that traded at a new high during the week, Lasco Distributor and Stationery and Office Supplies. New entrants to the list are Mailpac Group, Elite Diagnostic and Medical Disposables after the prices of all three fell at the end of the week.
The three top Junior Market stocks remain unchanged from last week with Caribbean Producers leading, followed by KLE Group and Lasco Financial with the potential to gain between 300 to 533 percent by 2021. In the Main Market, Berger Paints leads the pact, followed by Radio Jamaica and Sygnus Credit Investments with projected gains of 180 to 186 percent.
Significant uncertainties exist in the economy and the financial markets; accordingly, it is not possible to determine the exact impact on company earnings for the rest of the year. Actual earnings could vary materially from IC Insider.com’s forecast. Looking beyond the immediate fallout or benefits for companies can be useful in guiding investment decisions for above-average gains in the period ahead.
The targeted average PE ratio of the market is 20 based on the profits of companies reporting full year’s results for the financial year ending after this year’s second quarter and up to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level. The JSE Main Market ended the week, with an overall PE of 13 and the Junior Market a mere 9, based on current 2020/21 earnings. The PE ratio for Junior Market Top 10 stocks averages a just 5.4 with the Main Market at a much higher level of 8.2.
The TOP 10 stocks now trade at a discount of 40 percent of the average for Junior Market and Main Market stocks trade at a discount of 37 percent to the overall market. The average projected gain for the IC TOP 10 stocks is 296 percent from 278 percent last week, for the Junior Market and 146 percent from 139 percent last week for the JSE Main Market, based on 2020/21 earnings.
IC TOP 10 stocks are likely to deliver the best returns to March 2021. Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated, JSE Combined, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

JSE US$ Market ends week quietly

April 17, 2020 by

The value and the volume shares trading on the JSE US dollar-denominated Market declined sharply on Friday with one less security changing hands than on Thursday.
Market activity resulted in four securities changing hands, with the price of one stock rising, two stocks declining and one remaining unchanged at the close. Trading accounted for just 464,489 units with a value of US$15,549, in contrast to 6,934,785 units for US$80,338 on Thursday.
At the close, the market index lost 0.15 points to 201.77 and the PE ratio of the market ended with an average of 13.5 times 2020 earnings.
First Rock Capital closed at 9.21 US cents, gaining 0.01 of a cent trading 10,900 units, Sygnus Credit Investments ended at 13 US cents, with a loss of 1 cent exchanging 14,925 units and Trans Jamaican Highway shed 0.01 of a cent and closed at 1 US cent in transferring 431,164 shares. In the US dollar preference section, JMMB Group 6% preference share traded 7,500 units to close at US$1.10.

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

Filed Under: Global Market, Stock Market Tagged With: , , , , , , , , ,

TransJamaica dominate US$ market

April 16, 2020 by

Trading picked up on the Jamaica Stock Exchange on the US dollar market on Thursday, with Trans Jamaican Highway accounting for 6.9 million or 99.7 percent of the overall volume passing through the market.
Trading activity resulted in five securities changing hands, with one rising, one stock declining and three remaining unchanged, leading to the volume of 6,934,785 units changing hands with a value of US$80,338, in contrast to 648,937 units for US$25,614 on Wednesday.
At the close, the market lost 0.83 points to 201.92. The PE ratio of the market closed with an average of 13.6 times 2020 earnings.
In trading, First Rock Capital shed 0.8 of a cent to close at 9.2 US cents, in exchanging 7,994 units, JMMB Group 5.75% preference share transferred 3,869 units at US$2.13, JMMB Group 6% preference ended at US$1.10, with 1,100 stock units changing hands. Sygnus Credit Investments traded 7,016 units at 14 US cents and Trans Jamaican Highway ended at 1.01 US cents, in exchanging 6,914,806 shares.

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

Filed Under: Global Market, Stock Market Tagged With: , , , , , , , , , , , ,

JSE US Market remains stable

April 15, 2020 by

Market activity in the US dollar-denominated market ended with six securities changing hands, compared to seven on Tuesday, with market activity being relatively stable leading to the market Index slipping 0.24 points to 202.75.
The market ended with 648,937 shares trading valued at US$25,614, in contrast to 285,192 units for US$123,486 on Tuesday, as one stock rose, one declined, leaving four unchanged. The PE ratio of the market closed with an average of 13.7 times 2020 earnings.
In trading, First Rock Capital rose 1 cent to close at 10 US cents, with 1,613 units changing hands, Proven Investments remained at 26 US cents, after exchanging 5,019 shares. Sterling Investments swapped 84,955 shares at 2 US cents and Trans Jamaican Highway closed at 1 US cent, with a loss of 0.03 of a cent in trading 549,230 stock units. In the US dollar preference section, JMMB Group 5.75% preference share traded 7,774 shares at US$2.13 and JMMB Group 6% preference share had 346 units exchanged at US$1.10.

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

Filed Under: Global Market, Stock Market Tagged With: , , , , , , , , , , ,

7 US$ stocks trade

April 14, 2020 by

Trading on the Jamaica Stock Exchange US dollar-denominated market increased after the long weekend break for the Easter holidays as market activity resulted in seven securities changing hands.
The market closed with three stocks rising, the price of one declining and three stocks closing unchanged. The market ended with 285,192 units valued at US$123,486 changing hands, in contrast to 147,823 units for US$12,944 on Thursday from just three stocks. At the close, the market index gained 0.62 points to end at 202.99 and the PE ratio ended at an average of 13.6 times 2020 earnings.
In the ordinary shares segment of the market, Margaritaville traded 490 units at 20.1 US cents, Proven Investments closed at 26 US cents, with 47,555 shares changing hands, Sterling Investments lost 0.3of a  cent to end at 2 US cents, after exchanging 17,457 units. Sygnus Credit Investments closed at 14 US cents trading 46,705 shares and Trans Jamaican Highway finished at 1.03 US cents, with gains of 0.03 of a cent after 123,915 shares changed hands. In the preference segment, JMMB Group 5.75% FR preference share gained 1 cent after transferring 47,570 stock units and closed at US$2.13 and JMMB Group 6% preference share rose 8 cents to US$1.10 exchanging 1,500 units.

Filed Under: Global Market, Stock Market Tagged With: , , , , , , , , , , ,

2 weeks’ of robust gains for IC TOP 10

April 11, 2020 by

The IC Insider.com TOP 10 stocks have put substantial gains since the posting at the end of March. The selections based on projected 2020/21 earnings, included robust increases of 73 percent from Elite Diagnostic, followed by Lasco Manufacturing with a gain of 56 percent and Access Financial 55 percent.

Elite Diagnostics surged 73% on the Junior Market since the end of March.

Other outstanding Junior Market gains came from Caribbean Producers that enjoyed a rise of 33 percent in closing at $3 but traded up to $3.51 on Thursday, with an increase of 56 percent since the end of March. KLE Group rose 36 percent and Lasco Financial ended with a 30 percent increase. In the Main Market, Eppley leads with a 45 percent gain, Wisynco Group rose 43 percent and Radio Jamaica 24 percent.
The gains came from a strong recovery of stock prices on the Jamaica Stock Exchange after falling by record levels in March.
Following the rise in prices of TOP 10 stocks, there are five new entrants for the coming week.  These are General Accident, CAC 2000 and Stationery and Office Supplies in the Junior Market and in the Main Market, Sygnus Credit Investments and Caribbean Cement.
Stocks that dropped from the TOP 10 are Access Financial, Elite Diagnostic and Medical Disposables from the Junior Market and Eppley and Wisynco Group from the Main Market.
The current IC Insider.com TOP 10 list is based on the profit of companies reporting full year’s results for the financial year ending after 2020 second quarter and up to the second quarter in 2021.
Many local stocks made a strong recovery over the past two weeks, but major uncertainties still exist and it is not possible to determine the exact impact on company earnings. Actual earnings could vary materially from IC Insider.com’s forecast. Looking beyond the immediate fallout or benefits can provide a useful investment guide for above-average gains in the months ahead.
The three top Junior Market selections are Caribbean Producers, KLE Group and Lasco Financial with the potential to gain between 270 to 533 percent by 2021. In the Main Market, Berger Paints leads the pact followed by Radio Jamaica and then Carreras with projected gains of 146 to 170 percent.
The targeted average PE ratio of the market is 20. Both the Junior and Main markets are currently trading well below this level. The JSE Main Market ended the week, with an overall PE of 13.3 and the Junior Market a mere 9.7, based on current 2020/21 earnings. The PE ratio for Junior Market Top 10 stocks averages a just 5.7 with the Main Market at 8.8.
The TOP 10 stocks now trade at a discount of 41 percent of the average for Junior Market and Main Market stocks trade at a discount of 34 percent to the overall market. The average projected gain for the IC TOP 10 stocks is 278 percent from 312 percent last week and down from 377 percent at the close of the prior week for the Junior Market and 139 percent from 153 percent last week for the JSE Main Market, based on 2020/21 earnings.
IC TOP 10 stocks are likely to deliver the best returns to March 2021. Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

Persons who compiled this report may have an interest in securities commented on in this report.

 

Filed Under: Buy Rated Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,