Main market retreats from robust early gains

May 14, 2021 by

Stocks trading climbed sharply on Friday with an exchange of 118 percent more shares valued 268 percent more than in Thursday trading on the Jamaica Stock Exchange Main Market. The All Jamaican Composite Index just managed to squeeze out a gain of 87.75 points to close at 451,713.66 after it traded up close to 6,000 points to a high of 457,408.33 within an hour of the market’s opening.  

JSE All Jamaica Composite Index heading for the top of the upward sloping channel top at 460,000 points and could face resistance there.

The JSE Main Index rose 581.22 points to settle at 428,015.27 and The JSE Financial Index gained 0.24 points to end at 107.13.
Trading ended with 49 securities compared to 47 on Thursday and ended with prices of 21 stocks rising, 17 declining and 11 remaining unchanged. The PE Ratio averages 16.5 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 31,695,926 shares trading for $306,013,533 compared to 14,522,547 units at $83,441,774 on Thursday. Wigton Windfarm led trading with 41.6 percent of total volume for 13.18 million shares, followed by Supreme Ventures with 31.7 percent for 10.04 million units and JMMB Group 7.50% with 5.4 percent for 1.70 million units changing hands.
Trading averaged 646,856 units at $6,245,174, compared to an average of 308,990 shares at $1,775,357 on Thursday. Trading month to date averages 324,542 units at $3,521,674, in contrast to 289,678 units at $3,227,079 on Thursday. Trading in April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator shows eleven stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments dropped $3.05 to $83 with 33,408 shares changing hands. Berger Paints advanced $1.35 to close at a 52 weeks’ high of $15 after exchanging 30,727 stock units, Caribbean Cement slid $4.98 to $81.02 with 96,636 shares crossing the exchange. Eppley Caribbean Property Fund shed 98 cents to close at $44 trading 11 units, First Rock Capital fell 40 cents to $16.50 in exchanging 50,337 shares, Grace Kennedy slipped 19 cents to close at $88.66 in switching ownership of 161,912 stocks. Jamaica Broilers ended $1 lower at $34.50 in exchanging 30,864 units, Jamaica Stock Exchange gained 24 cents to close at $17.99 with 11,600 stock units crossing the market, JMMB Group rose $1.05 to $33.05 in trading 33,966 units, Kingston Wharves advanced $1 to end at $48 in an exchange of 3,152 stocks, NCB Financial declined $1.50 to $138.50 after transferring 39,781 units, 138 Student Living gained 30 cents to end at $5.30 in exchanging 2,129 stocks. PanJam Investment rose $1 to close at $66.50 in trading 594,688 units, Proven Investments rose 94 cents to $37.95 in trading 26,800 shares, Sagicor Group closed 54 cents higher at $50.55 in an exchange of 35,406 stocks. Salada Foods rose 86 cents to $7.66 in switching ownership of 116,542 stock units, Scotia Group shed 50 cents to end at $41 in trading 20,188 units, Supreme Ventures picked up 50 cents to close at $19.50 with the swapping of 10,037,859 shares, Victoria Mutual Investments declined 78 cents to $6.30 in trading 154,338 stock units and Wisynco Group gained 30 cents to close at $15.90, with 240,532 shares crossing the exchange.
In the preference segment, Eppley 8.25% shed 74 cents to close at $6.15 with 1,800 stock units changing hands, JMMB Group 7.25% rose 19 cents to $1.46 in transferring 3,019 stocks and JMMB Group 7.15% – 2028 lost 18 cents to finish at $2.82 trading 20,000 shares.

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

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JSE Main market rises to 14 months high

May 13, 2021 by

Rising stocks pushed the market indices higher on Thursday to end with the All Jamaican Composite Index at the highest level since the middle of March last year as the market continues to move higher in recovering the big losses in 2020.  At the close, the volume traded rose 18 percent, but the value dropped 46 percent on Wednesday levels on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index advanced 1,110.77 points to 451,625.91, the Main Index rose 732.14 points to 427,434.05, and the JSE Financial Index inched 0.15 points up to settle at 106.89.
Trading ended with 47 securities compared to 53 on Wednesday and closed with prices of 17 stocks rising, 23 declining and seven remaining unchanged.
The PE Ratio averages 16.4 based on ICInsider.com forecast of 2021-22 earnings.

The market closed with 14,522,547 shares trading for $83,441,774 compared to 12,295,253 units at $154,483,246 on Wednesday. Sagicor Select Financial Fund led trading with 34.2 percent of total volume for an exchange of 4.97 million shares, followed by Wigton Windfarm with 17.9 percent for 2.60 million units, Transjamaican Highway with 9.1 percent for 1.33 million units and Mayberry Investments with 8.3 percent for 1.23 million units changing hands.

Trading averaged 308,990 units at $1,775,357, compared to 231,986 shares at $2,914,778 on Wednesday. Trading month to date averages 289,678 units at $3,227,079, in contrast to 287,442 units at $3,395,135 on Wednesday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator shows eleven stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cement shed $1 in closing at $86 after 46,436 shares traded, Eppley ended $1 lower at $34 in an exchange of 17,549 units, Grace Kennedy gained 35 cents to close at $88.85 in a transfer of 93,344 stocks. Jamaica Broilers slid 50 cents to $35.50 after exchanging 8,606 units, Jamaica Producers declined $2.35 to close at $25 with the swapping of 706,751 shares, Key Insurance lost 49 cents to settle at $5.51 with an exchange of 259,038 stocks, Kingston Wharves advanced $2 to $47 with the swapping of 5,246 units, Margaritaville gained 50 cents to end at $15.50 in trading 211 shares, Mayberry Jamaican Equities ended 45 cents higher at $8 in exchanging 50,000 stocks. MPC Caribbean Clean Energy dropped $3 to close at a 52 weeks’ low of $124 with 66 stock units changing hands, NCB Financial rose $1.22 to finish at $140 in transferring 41,935 shares, Palace Amusement advanced $2 to $910 after clearing the market of 44 units. 138 Student Living fell 30 cents to close at $5 with 3,999 stock units crossing the market, Pan Jam Investment rose $2 to close at $65.50 in exchanging 11,859 stocks, Proven Investments fell 89 cents to $37.01 in the swapping of 17,979 stock units, Pulse Investments gained 30 cents to $4.60 in switching ownership of 345,178 shares. Sagicor Group declined $1.99 to $50.01 in an exchange of 200,381 units, Salada Foods lost 20 cents to finish at $6.80 with a transfer of 117,419 stocks, Seprod gained 88 cents to close at $77.88 in trading 12,866 shares, Supreme Ventures gained 49 cents to settle at $19 with the swapping of 48,842 stock units and Wisynco Group lost 40 cents in ending at $15.60 after trading 197,460 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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AJI past 450,000, first since March 2020

May 12, 2021 by

The All Jamaican Composite Index closed above the 450,000 points level for the first time since March 13 last year when it advanced 780.41 points to close at 450,515.14, on Wednesday on the Jamaica Stock Exchange, with an exchange of 119 percent more shares valued 339 percent higher than in trading on Tuesday.
The JSE Main Index gained 314.36 points to 426,701.91 and the JSE Financial Index lost 0.05 points to settle at 106.74.
A total of 53 securities traded compared to 54 on Tuesday, with 21 stocks rising, 23 declining and nine remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.4.
The market closed with 12,295,253 shares trading for $154,483,246 compared to 5,625,284 units at $35,183,198 on Tuesday. Sagicor Select Manufacturing & Distribution Fund led trading with 25.1 percent of total volume after an exchange of 3.09 million shares followed by Sagicor Group 18.5 percent with 2.28 million units, Transjamaican Highway with 15.5 percent, with 1.9 million units and Wigton Windfarm with 14 percent after 1.73 million units changed hands.
Trading averaged 231,986 units at $2,914,778, compared to an average of 104,172 shares at $651,541 on Tuesday. Trading month to date averages 287,442 units at $3,395,135, in contrast to 295,768 units at $3,467,257 on Tuesday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cement declined $2 to $87 in trading 20,087 shares, Carreras gained 23 cents to close at $9.82 with 109,080 stock units changing hands, Eppley ended 26 cents higher at $35 in clearing the market of 1,491 shares, Eppley Caribbean Property Fund climbed $4.99 to close at $45 with the swapping of 2,000 units, First Rock Capital gained 33 cents to finish at $16.71 in transferring 17,074 stocks. Grace Kennedy shed 50 cents to close at $88.50 with the swapping of 26,786 stock units, Jamaica Broilers climbed $3 to a 52 weeks’ high of $36 in exchanging 37,352 stocks. Jamaica Producers advanced $1.15 to $27.35 with the transfer of 23,717 shares, Jamaica Stock Exchange fell 25 cents to $17.75 after exchanging 14,143 units, JMMB Group fell $1.15 to $31.90 in switching ownership of 66,428 stock units. Kingston Properties lost 25 cents to close at $8.15 after a transfer of 3,536 units, Kingston Wharves rose 50 cents to $45 in swapping 5,912 stocks, Margaritaville lost 50 cents to end at $15 with 8,035 stock units changing hands. Mayberry Investments shed 40 cents in closing at $5.30 in switching ownership of 131,843 shares, Mayberry Jamaican Equities dipped 44 cents to $7.55 after exchanging 10,450 stocks, NCB Financial declined $2.72 to $138.78 trading 62,047 stock units. Palace Amusement rose $1 to $908 in an exchange of 53 units, PanJam Investment fell $1.40 to $63.50 in trading 38,150 stocks, Portland JSX rose 75 cents to a 52 weeks’ high of $10.50 with the transfer of 1,135 shares. Pulse Investments lost 40 cents in closing at $4.30 in an exchange of 411,205 units, Sagicor Group climbed $2.51 to $52 with 2,279,348 shares crossing the market, Salada Foods dropped 20 cents to $7 in transferring 206,193 stock units, Seprod slid 88 cents to end at $77 in switching ownership of 4,451 shares, Supreme Ventures fell $1.44 to $18.51 with 73,026 units changing hands and Wisynco Group rose 50 cents to $16 after exchanging 45,650 units.
In the preference segment, Eppley 8.75% preference share rose $1 to $7.50, in trading 17 stock units, Eppley 7.5% shed 60 cents to close at $11 with 8 units clearing the market, JMMB Group 7.15% – 2028 gained 20 cents to settle at $3 with the swapping of 85,162 units and JMMB Group 7.35% – 2028 finished 24 cents higher at $3.25 in exchanging 2,000 stocks.

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

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Low trading activity hits JSE Main Market

May 11, 2021 by

In stock market activity on Tuesday, investors traded 44 percent fewer shares valued 49 percent less than on Monday with just 5,625,284 shares trading for a mere $35,183,198 compared to 10,081,649 units at $68,340,342 on Monday on the Jamaica Stock Exchange Main Market.
Trading activity led to a nice rise in the All Jamaican Composite Index that climbed 2,013.60 points to settle at 449,734.73. The Main Index gained 1,725.03 points to 426,387.55 and The JSE Financial Index inched 0.10 points higher to 106.79.
At the close, 54 securities traded compared to 51 on Monday, with prices of 23 rising, 19 declining and 12 remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.3.
The market closed Sagicor Select Financial Fund led trading with 28.3 percent of total volume for an exchange of 1.59 million shares, followed by Wigton Windfarm with 11.5 percent for 646,723 units and Transjamaican Highway with 11.3 percent for 636,420 units.
Trading averaged 104,172 units at $651,541, compared to 197,679 shares at $1,340,007 on Monday. trading month to date averages 295,768 units at $3,467,257, in contrast to 330,371 units at $3,975,781 on Monday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator shows 11 stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Berger Paints rose 81 cents to $13.52 in trading 187 shares, Caribbean Cement shed 98 cents to $89, with 3,663 shares changing hands. Carreras fell 25 cents to $9.59 in trading 86,427 stock units, Eppley closed 54 cents higher at $34.74 with 36,375 stocks changing hands. First Rock Capital gained 27 cents to settle at $16.38 in switching ownership of 4,250 units, Key Insurance finished 44 cents lower at $6.05 with the swapping of 207,507 shares, Kingston Wharves rose 69 cents to $44.50 in exchanging 3,490 stocks. Margaritaville advanced $1 to $15.50 after the transfer of 3,281 units, Mayberry Investments lost 25 cents to end at $5.70, with 1,219 stocks clearing the market, MPC Caribbean Clean Energy closed $2 higher at $127 with investors switching ownership of 117 stock units. NCB Financial Group advanced $1.50 to $141.50 with 10,070 units crossing the market, Palace Amusement climbed $51 to close at $907 after exchanging 6 stock units, PanJam Investment rose 90 cents to end at $64.90 in an exchange of 5,450 units. Portland JSX jumped $2.64 to close at $9.75 after clearing the market of 100 stocks, Salada Foods declined $1.80 at $7.20 in the transferring of 170,698 stock units, Scotia Group rose 99 cents to $41.50, trading 35,174 stocks, Seprod climbed $6.88 to $77.88 after 12,090 stock units switched owners. Stanley Motta shed 30 cents to close at $5.85 with 1,392 units changing hands, Sterling Investments gained 23 cents to end at $2.98 in switching ownership of 20,900 stocks, Supreme Ventures rose $2.64 to a 52 weeks’ high of $19.95 in exchanging 113,998 shares. Sygnus Credit Investments lost 24 cents in ending at $14.65 with the swapping of 15,776 stock units and Wisynco Group lost 50 cents at $15.50 in an exchange of 107,145 stock units.
In the preference segment, Eppley 7.5% preference shares rose 85 cents to close at a 52 weeks’ high of $11.60 in exchange of 210 units, JMMB Group 7.15% – 2028, fell 20 cents to $2.80 in transferring 19,000 shares and Productive Business Solutions 9.75% preference share gained 49 cents to end at $110 with 21 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Main market stocks start the week down

May 10, 2021 by

Stocks raced 2.949 points shortly after opening, with All Jamaican Composite Index hitting 452,005.57 on Monday, but some amount of selling, later on, pushed the market down for the day, with the declining stocks outnumbering those rising, after 28 percent less funds went after stocks than on Friday on the Jamaica Stock Exchange Main Market.
At the close, the All Jamaican Composite Index fell 1,335.19 points to 447,721.13, the Main Index dropped 4,869.78 points to 424,662.52 and the JSE Financial Index shed 1.85 points to settle at 106.69.
Trading ended with 51 securities compared to 47 on Friday and closed with 14 stocks rising, 23 declining and 14 remaining unchanged. The PE Ratio, based on ICInsider.com forecast of 2021-22 earnings, averages 16.2.
The market closed with 10,081,649 shares trading for $68,340,342 compared to 9,057,061 units at $95,375,441 on Friday. Sagicor Select Financial Fund was the lead trade accounting for 26.3 percent of total volume, with 2.65 million shares, followed by Wigton Windfarm with 17.7 percent for 1.79 million units, Transjamaican Highway carved out 17.5 percent, with 1.76 million units and QWI Investments 10 percent, with 1.05 million units changing hands.
Trading averaged 197,679 units at $1,340,007, compared to 192,703 shares at $2,029,265 on Friday. Month to date trading averages 330,371 units at $3,975,781, in contrast to 357,658 units at $4,517,815 on Friday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments shed 60 cents to $86 after an exchange of 26,212 shares, Berger Paints slipped 79 cents to close at $12.71 in switching ownership of 518 units, Caribbean Cement lost 22 cents to end at $89.98 with a transfer of 15,291 shares. Eppley fell 30 cents to $34.20 with 24,628 stocks changing hands, Grace Kennedy rose 55 cents to close at $89, after trading 105,257 stock units, Jamaica Broilers advanced $2.98 to $33 after clearing the market with 332,852 shares, Jamaica Producers fell $1.50 to $26 in the swapping 32,469 stock units. Mayberry Investments gained 44 cents to close at $5.95 while trading 40,044 shares, MPC Caribbean Clean Energy declined $3 to end at 52 weeks’ low of $125 in switching ownership of 839 units, Palace Amusement dropped $52 to $856 in exchanging 93 stock units. Pan Jam Investment shed 50 cents and ended at $64 with 12,386 shares changing hands, Proven Investments lost 58 cents in closing at $38.20 in transferring 36,735 units, Pulse Investments rose 24 cents to close at $4.65 with 341,070 shares crossing the market, Sagicor Select Manufacturing & Distribution Fund advanced 8 cents to close at a 52 weeks’ high of $1 while exchanging 221,761 units. Salada Foods dipped 30 cents to close at $9, trading 144,058 stock units, Scotia Group fell $1.29 to $40.51 in exchanging 61,843 shares, Seprod declined $4 to close at $71 after 17,111 units crossed the exchange. Supreme Ventures shed 49 cents to settle at $17.31 after an exchange of 136,667 stock units, Sygnus Credit Investments gained 29 cents to end at $14.89 with 34,847 units changing hands.
In the preference segment, Eppley 8.75% preference share shed 99 cents at $6.51 with the swapping of 585 stocks and Eppley 7.5% preference shares advanced $1.40 to a 52 weeks’ high of $10.75 in an exchange of 50 units.

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

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Guardian climbs to a new high of $1,135

May 7, 2021 by

Guardian Holdings made another big impression on the JSE Main Index for the second day running, with the index spiking more than 6,700 points at the close compared to less than 2,000 points for the  All Jamaican Composite Index at the close on Friday of the Jamaica Stock Exchange Main Market.
At the close, the All Jamaican Composite Index rose 1,717.09 points to 449,056.32, the Main Index advanced 6,789.24 points to 429,532.30 and the JSE Financial Index gained 2.78 points to settle at 108.54.
Trading ended with 47 securities compared to 51 on Thursday and closed with prices of 20 stocks rising, 18 declining and nine remaining unchanged. The PE Ratio, based on ICInsider.com forecast of 2021-22 earnings, averages 16.2.
Trading accounted for 9,057,061 shares for $95,375,441 compared to 14,011,500 units at $108,072,314 on Thursday. Wigton Windfarm led trading with 23.6 percent of total volume for 2.14 million shares, followed by Sagicor Select Financial Fund with 12.6 percent for 1.14 million units and Radio Jamaica 10.6 percent with 959,460 units.
Trading averaged 192,703 units at $2,029,265, compared to 274,735 shares at $2,119,065 on Thursday. Month to date trading averages 357,658 units at $4,517,815, in contrast to 396,230 units at $5,099,715 on Thursday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments fell $1.40 to $86.60 in trading 291,042 units, Berger Paints gained 30 cents to end at $13.50 with 5,053 stocks clearing the market. Caribbean Cement added 20 cents to close at $90.20 switching ownership of 45,139 shares, Carreras gained 25 cents to end at $9.84 in switching ownership of 334,907 stocks, Eppley Caribbean Property Fund declined $4.79 to close at $40.01 in exchanging 3,277 units, First Rock Capital shed $1.04 to end at $15.96 in switching ownership of 210,759 stocks, Guardian Holdings climbed $27 to end at $900 with an exchange of 3,768 stock units after the price shot up to a high of $1,134.90, Jamaica Broilers declined $2.98 in closing at $30.02 in transferring 38,063 shares, Jamaica Producers shed $3.50 to finish at $27.50 with the swapping of 114,576 units. Key Insurance gained 68 cents ending at $6.50 with 132,886 shares changing hands. Kingston Wharves gained 30 cents to settle at $43.90 after exchanging 31,373 stocks, NCB Financial Group rose $1 in closing at $140 after clearing the market with 40,955 shares, 138 Student Living advanced $1.09 to close at $5.29 with 50 stocks clearing the market, Palace Amusement climbed $8 to $908 in trading 59 stock units, PanJam Investment closed $1 higher at $64.50 after clearing the market with 11,459 shares. Proven Investments rose $1.01 to $38.78 with the swapping of 112,652 units, Sagicor Real Estate Fund slipped 25 cents to close at $7.95 with the transfer of 3,366 stocks, Salada Foods lost 40 cents in closing at $9.30 in trading 145,990 units, Seprod dropped $3 to finish at $75 with 105,935 shares changing hands, Supreme Ventures rose 56 cents to end at $17.80 in switching ownership of 98,891 stock units and Sygnus Credit Investments lost 39 cents ending at $14.60 in trading 39,721 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Guardian blasts JSE Market Index higher

May 6, 2021 by

The trading of Guardian Holdings shares on Jamaica Stock Exchange Main Market on Thursday saw the price surging $290.52 ending at $873 and blasting the JSE Main Index up 16,869.80 points to 422,743.06, but the better measure of the local market’s performance was the much more moderate rise of 1,416.87 points to 447,339.23 on the All Jamaican Composite Index at the same time the JSE Financial Index rose 6.31 points to 105.76.
Trading ended with 51 securities compared to 50 on Wednesday and closed with prices of 21 stocks rising, 16 declining and 14 remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.5.
The market closed with 14,011,500 shares trading for $108,072,314 compared to 14,404,463 units at $119,739,515 on Wednesday. Sagicor Select Financial Fund led trading with 32.9 percent for an exchange of 4.61 million shares followed by Wigton Windfarm with 29.6 percent for 4.15 million units and QWI Investments 7.8 percent, with 1.1 million units.
Trading averaged 274,735 units at $2,119,065, compared to an average of 288,089 shares at $2,394,790 on Wednesday. Month to date trading averages 396,230 units at $5,099,715, in contrast to 437,538 units at $6,113,136 on Wednesday. April averaged 234,200 units at $1,772,561.

Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and one with lower offers.
At the close, Barita Investments advanced $3.04 to $88 in trading 23,498 units. Berger Paints rose 50 cents to $13.20 with 2,264 stocks clearing the market, Caribbean Cement finished $2 higher at $90 after exchanging 13,677 stock units, Eppley lost 23 cents to end at $34.50 with 412 stocks changing hands, Eppley Caribbean Property Fund climbed $4.04 to $44.80, with 9,004 units clearing the market, First Rock Capital fell 47 cents to $17 with the transfer of 26,006 shares. Guardian Holdings jumped $290.52 to end at a 52 weeks’ high of $873 while trading 2,899 shares, Jamaica Broilers advanced $2.20 to $33 in the swapping of 599,456 stock units, Jamaica Producers closed $3.50 higher to a 52 weeks’ high of at $31 with 156,379 stocks crossing the market, Jamaica Stock Exchange rose 63 cents to $17.80 with 2,000 stock units changing hands. JMMB Group advanced $1.10 ending at $33.10 in switching ownership of 567,724 shares, Margaritaville declined $2.38 to close at a 52 weeks’ low of $14.50 after exchanging 4,900 units, Mayberry Investments fell 60 cents to $5.60 with the transfer of 5,000 stocks. NCB Financial gained 50 cents to settle at $139 in trading 68,878 shares. 138 Student Living shed 80 cents to end at $4.20 in exchanging 2,697 shares, PanJam Investment rose $1.25 to $63.50 in exchanging 22,174 units, Proven Investments gained 75 cents to finish at $37.77 trading 7,198 stock units, Sagicor Group rose 99 cents to end at $49.49 after crossing the market with 50,855 units. Salada Foods lost 28 cents in closing at $9.70 in transferring 261,746 stock units, Stanley Motta gained 20 cents to close at $6.20 with an exchange of 3,100 shares. Supreme Ventures lost 26 cents to end at $17.24 after crossing the market with 69,748 stock units and Wisynco Group gained 52 cents to close at $15.90 with the swapping of 134,365 stock 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

QWI Investments took 36% of trades

May 5, 2021 by

QWI Investments led trading with 36 percent of total volume for 5.21 million shares and traded as high as $1.09, following the posting of half year results showing a major about turn in the profit from a big loss of $576 million last year to a profit of $171 million for the half year, but the stock closed the day at $1 with a miniscule rise after 14,404,463 shares traded for $119,739,515 compared to 13,252,508 units at $91,030,300 on Tuesday.
In the private bond market, Guardian Holdings 2025 Bond traded 104,000 units at $101.28 each.
Guardian Holdings was relisted on the Main market of the Exchange but did not trade but closed with the bid at $669.52, well above the JS$586 it is listed at in Trinidad.
The market recorded more gains at the close on Wednesday after an exchange of 9 percent more shares with a 32 percent higher value than on Tuesday, leading the All Jamaican Composite Index to advance 985.41 points to 445,922.36, the Main Index rose 816.03 points to 405,873.26 and the JSE Financial Index gained 0.11 points to settle at 99.45.
A total of 50 securities traded compared to 48 on Tuesday, with prices of 17 stocks rising, 20 declining and 13 remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.2.
Wigton Windfarm was the second major trading stock with 11.5 percent for 1.65 million units, Mayberry Investments followed with 10.6 percent for 1.52 million units, Transjamaican Highway controlled 8.2 percent, with 1.18 million units and Sagicor Select Financial Fund ended with 7.9 percent after 1.14 million units change hands.
Trading averaged 288,089 units at $2,394,790, compared to an average of 276,094 shares at $1,896,465 on Tuesday. Month to date trading averages 434,530 units at $5,986,780, in contrast to 512,262 units at $7,972,309 on Tuesday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator reading has fifteen stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement declined $2 to $88 with 41,807 shares changing hands, Carreras gained 54 cents in closing at $9.69 after switching ownership of 33,186 shares, Eppley Caribbean Property Fund rose 76 cents to $40.76 with the transfer of 920 units. Grace Kennedy rose 50 cents to $88.50 in an exchange of 59,837 shares, Jamaica Broilers lost 20 cents to close at $30.80 in trading 9,151 stocks. Jamaica Producers shed $2.50 to end at $27.50 after clearing the market with 265,026 units, Mayberry Investments rose 95 cents to close at $6.20 with 1,522,489 shares changing hands. Mayberry Jamaican Equities ended 70 cents higher at $7.90 with the swapping of 2,700 stocks, NCB Financial slipped 50 cents to close at $138.50 after exchanging 70,300 shares, PanJam Investment advanced $1.25 to $62.25 with 23,397 stocks changing hands. Proven Investments shed 98 cents to close at $37.02 after exchanging 40,040 shares, Salada Foods gained 48 cents to end at a 52 weeks’ high of $9.98 in switching ownership of 352,739 stock units. Scotia Group picked up 20 cents in closing at $42 after clearing the market with 670,305 shares, Seprod fell $2 to $78 in transferring 340,678 stock units, Supreme Ventures shed 45 cents to close at $17.50 in an exchange of 67,054 stocks.
In the preference segment, Eppley 7.50% preference shares rose $2.16 to $9.35 with an exchange of just one share.

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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Major rebound for Main Market

May 4, 2021 by

Trading activities returned to more normal levels on Tuesday, with the market rebounding from a massive 12,000 plus points drop of the All Jamaican Composite Index on Monday. The market closed on Tuesday, with more stocks rising than declining, but with a 65 percent drop in volume after 87 percent less funds chased stocks than on Monday on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index climbed 9,180.51 points to 444,936.95 after the index rose to a high in the morning session to 449,375.45. The Main Index advanced 8,254.00 points to 405,057.23 and the JSE Financial Index rose 1.11 points to settle at 99.34.
Trading ended with 48 securities compared to 52 on Monday and closed with prices of 20 stocks rising, 18 declining and 10 remaining unchanged as two stocks closed at 52 weeks’ high and one at a 52 weeks’ low. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.4.
The market closed with 13,252,508 shares trading for $91,030,300 compared to 37,973,727 units at $706,200,616 on Monday. Wigton Windfarm led trading with 26 percent of total volume for an exchange of 3.44 million shares, followed by Transjamaican Highway with 19.74 percent for 2.62 million units and Radio Jamaica 10.8 percent, with 1.43 million units.
Trading averaged 276,094 units at $1,896,465, compared to 730,264 shares at $13,580,781 on Monday. Month to date trading averages 512,262 units at $7,972,309. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator reading has 11 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints shed 80 cents to close at $12.70, trading 16,246 shares. Caribbean Cement advanced $3 to end at $90 with 66,131 stock units changing hands, Eppley gained 24 cents in ending at $34.74 with the transfer of 8,667 units, Eppley Caribbean Property Fund closed 74 cents lower at $40 after crossing the market with 14,250 stock units. First Rock Capital declined $1.09 to $17.50 trading 9,372 units, Jamaica Producers advanced $3 to a 52 weeks’ high of $30 after exchanging 63,913 shares, Jamaica Stock Exchange gained 26 cents in closing at $17.31 with the swapping of 1,615 stock units. JMMB Group shed 90 cents to settle at $31.90 in switching ownership of 86,169 shares, Margaritaville declined $2.99 to a 52 weeks’ low of $17.01 with the transfer of 3,101 units. Mayberry Investments lost 65 cents to end at $5.25 in an exchange of 96,817 stocks, Mayberry Jamaican Equities fell $1.79 to close at $7.20 after crossing the market with 52,300 shares, NCB Financial rose $1 to $139 with an exchange of 26,195 units. Palace Amusement climbed $49.50 to $900 with 252 stocks changing hands, PanJam Investment fell $3 in closing at $61 in trading 133,113 shares, Sagicor Group rose $1.01 to end at $48.51 after exchanging 47,529 stocks, Salada Foods continues its relentless rise, with a gain of 35 cents in ending at 52 weeks’ high of $9.50 in an exchange of 270,188 shares. Scotia Group advanced $2.30 to $41.80 with the transfer of 224,092 stocks, Seprod gained 55 cents to close at $80 in switching ownership of 24,938 shares, Stanley Motta ended 50 cents higher at $6 trading 4,665 stocks. Supreme Ventures picked up 48 cents to finish at $17.95 in swapping 721,683 shares and Wisynco Group lost 40 cents to end at $15.35 with 272,429 units 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

16,632 points drop in JSE All Jamaica Index

May 3, 2021 by

Stocks suffered more than a 16,600 points swing in trading on Monday after the Main Market stocks jumped 4,268 points to a multi-month high of 452,388.58 after 14 minutes of the markets opening as the All Jamaican Composite Index plunged 12,364.61 points from Friday’s close to close at 435,756.44 on the Jamaica Stock Exchange Main Market.
The JSE Main Index dropped 11,219.79 points to 396,803.23 and the JSE Financial Index declined 2.16 points to t 98.23.
Trading ended with 52 securities from 53 on Friday and closed with 17 stocks rising, 21 declining and 14 remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.5.
Trading ended with the volume rising 124 percent with the value being 399 percent higher than on Friday.
The market closed with 37,973,727 shares trading for $706,200,616 compared to 16,976,414 units at $141,423,527 on Friday. Sagicor Select Financial Fund led trading with 33 percent of total volume after trading 12.54 million shares followed by Wigton Windfarm 16.9 percent with 6.40 million units, Caribbean Cement with 9.3 percent, with 3.52 million units. Sagicor Select Manufacturing & Distribution Fund accounted for 8.5 percent for an exchange of 3.24 million units, Sagicor Group with 4.9 percent for 1.86 million units, Carreras with 4.6 percent for 1.74 million units, Scotia Group with 3.4 percent market share for 1.28 million units, QWI Investments with 3 percent for 1.14 million units, Transjamaican Highway with 2.7 percent for 1.02 million units and Grace Kennedy with 2.7 percent for 1.01 million units changing hands.
Trading averaged 730,264 units at $13,580,781, compared to an average of 320,310 shares at $2,668,368 on Friday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator reading has five stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement slipped $1 to $87 with an exchange of 3,518,333 shares, Carreras lost 80 cents to close at $9.15 with the swapping of 1,740,765 stock units, Eppley declined 20 cents to settle at $34.50 trading 1,453 units, First Rock Capital advanced $1.14 to $18.59 with 65,455 stocks changing hands. Jamaica Broilers rose $2.49 to close at $30.99 with investors switching ownership of 778,063 stock units, Jamaica Producers fell $1 to close at $27 in the transfer of 5,547 units, Jamaica Stock Exchange shed 90 cents in closing at $17.05, with 10,542 stocks clearing the market, Margaritaville declined $1 ending at 52 weeks’ low of $20 with 4,005 units changing hands, Mayberry Investments gained 54 cents to close at $5.90 in transferring 579,433 stocks. Mayberry Jamaican Equities finished $1.04 higher at $8.99 in an exchange of 74,861 shares, NCB Financial fell $1 to $138 with an exchange of 941,639 stocks, Palace Amusement dropped $29.50 to $850.50 in switching ownership of 303 stock units. Portland JSX ended $2.64 lower at $7.11 with the transfer of 9,000 shares, Proven Investments rose 23 cents to $38 in the swapping of 16,207 units, Sagicor Group slid $5 in closing at $47.50 with 1,858,449 shares crossing the market. Salada Foods gained $1.74 in ending at a record close of $9.15 in an exchange of 128,211 stock units, Scotia Group shed $2.50 to close at $39.50 in trading 1,279,986 shares. Seprod fell 55 cents to end at $79.45 after 50,221 stock units cleared the market and Stanley Motta lost 40 cents to close at $5.50 with an exchange of 50,000 shares.
In the preference segment, Eppley 7.5% preference share rose 94 cents to end at 52 weeks’ high of $7.19 with 967 shares changing hands, Eppley 8.25% closed 90 cents higher at $7 with 4,059 stock units crossing the market and JMMB Group 7.15% – 2028 gained 30 cents ending at $3 with 100 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,