Trading Activity — Page 441

Steady Junior Market

August 18, 2020 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange closed on Tuesday, with the market index just inching higher after advancing stocks edged out declining ones after investors traded 36 percent fewer shares than on Monday.
Trading ended with 27 securities changing hands compared to 34 on Monday and finished with 12 stocks rising, the prices of 11 shares declining and four remaining unchanged.
At the close, the Junior Market Index carved out a gain of a mere 2 points to settle at 2,542.11, the average PE Ratio of the market ended at 10.3 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 3,067,663 shares for $10,483,436 compared to 4,784,350 units at $13,556,616 on Monday.
Mailpac Group led trading with 1.16 million shares for 37.7 percent of total volume followed by General Accident with 757,455 units for 24.7 percent of the day’s trade and Everything Fresh with 404,909 units for 13.2 percent market share.
Trading ended with an average of 113,617 units at $388,275 in contrast to 140,716 at $398,724 on Monday. The average trade for the month to date resulted in an exchange of 135,068 units at $388,781, in comparison to 136,907 units at $388,825 on Monday. Trading in July resulted in an average of 248,153 units at $668,727 changing hands.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Access Financial rose 45 cents to end at $23 with an exchange of 8,127 shares, Cargo Handlers lost 77 cents to end at $6.53 while exchanging 3,500 stock units, Caribbean Cream climbed 39 cents to close at $4.50 trading 20,800 stock units. Caribbean Flavours gained $1.50 after ending at $14.50 and crossing the exchange, with 25,003 stock units, Derrimon Trading increased by 3 cents to $2.53, with 787 stock units clearing the market, Everything Fresh rose 2 cents to settle at 68 cents with 404,909 stocks changing hands. Fontana carved out a loss 3 cents to close at $4.95 and finishing trading with 62,789 shares, Fosrich declined by 5 cents to end at $3.85 with an exchange of 48,500 units, Honey Bun carved out a gain of 14 cents to end at $5.09, with 5,503 stocks clearing the market. create carved out a loss 3 cents in ending at 65 cents after exchanging 21,993 units, Indies Pharma lost 13 cents to close at $2.67 with investors switching ownership of 33,461 stock units, Iron Rock Insurance gained 20 cents to end at $3.20 trading 45,433 stocks. Jamaican Teas climbed 20 cents in closing at $4.85 while exchanging 203,821 stock units, Jetcon Corporation shed 9 cents to end at 80 cents after clearing the market with 75,627 stock units, Lasco Distributors advanced by 7 cents to close at $3.07 after exchanging 42,319 units. Lasco Financial carved out a loss 9 cents and ended at $2.26, with 29,627 units passing through the market, Lasco Manufacturing lost 7 cents in closing at $3.90, finishing trading with 11,367 stocks, Limners and Bards carved out a loss 13 cents in closing at $2.67 after exchanging 42,709 units. Mailpac Group dropped 6 cents to end at $1.96 in trading 1,155,107 units, Medical Disposables gained 10 cents in ending at $5 after 50 units crossed the exchange, Paramount Trading dipped by 9 cents in closing at $1.70, with 48,800 stock units changing hands. Stationery and Office Supplies rose 1 cent to $5.61, trading 2,485 shares and tTech increased 59 cents to $5.34, with 35 stocks crossing the exchange.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, Best performing stock market, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, Dolphin Cove, Emerging markets, Everything Fresh, Fontana, FosRich, General Accident, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity, tTech

Trading up market index down

August 18, 2020 by IC Insider.com

The majority of prices fell on the Jamaica Stock Exchange Main Market on Tuesday. The difference between rising and declining stocks narrowed sharply from Monday’s levels but still lagged behind the losing stocks as the volume passing through the market increased 47 percent, with the value jumping 370 percent.
At the close, the All Jamaican Composite Index lost 1,959.50 points to settle at 403,412.62, the Main Index shed 1,852.03 points to close at 368,158.32 and the JSE Financial Index dipped 0.13 points to end at 95.96.
Trading ended with 44 securities changing hands compared to 47 on Monday and ended with the prices of 18 stocks rising, the prices of 20 shares declining and six remaining unchanged. The average PE Ratio of the market ended at 15.3 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 33,825,327 shares for $268,427,066 compared to 23,030,074 units at $57,044,608 on Monday.
Wigton Windfarm led trading with 14.87 million shares for 44 percent of total volume followed by Sagicor Select Financial Fund with 8.83 million units for 26 percent of the day’s trade, Jamaica Broilers Group came next with 4.07 million units for 12 percent market share. Tranjamaica Highway traded 1.95 million shares and 5.8 percent of the volume and Grace Kennedy with 1.8 million units and 5.4 percent of trading.
Trading ended with an average of 768,757 units changing hands at $6,100,615 for each security, in comparison to an average of 490,004 shares at $1,214,010 on Monday. The average trade for the month to date, ended at 449,855 units at $2,394,484 for each security, in contrast to 417,892 units at $2,023,026. Trading month to date compares well, with July that ended with an average of 392,128 shares for $2,444,356.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows six stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Barita Investments shed 80 cents to end at $55.20 in an exchange of 2,447 stock units, Berger Paints fell $1.44 to settle at $11 and finishing with 1,959 stock units changing hands, Eppley carved out a gain of 40 cents to end at $17.90 trading 12,000 units. Eppley Caribbean Property Fund climbed 60 cents in closing at $49.10 in exchanging 6,700 units, Grace Kennedy fell 51 cents to $56.49, with 1,822,315 shares passing through the market, Jamaica Broilers Group dropped $1.25 to close at $24.50 in trading>4,067,555 shares. Jamaica Stock Exchange increased 52 cents to $20.52 after 161,468 units changed hands, Key Insurance increased 62 cents in closing at $8.13 with investors switching ownership of 1,448 stock units, Kingston Properties declined by $1.09 to $6.16, with 1,826 shares changing hands. Mayberry Investments advanced by 75 cents in closing at $5.85, with 36,930 units passing through the market, MPC Caribbean Clean Energy lost $10.99 to close at $152.01 after exchanging 123 stock units, NCB Financial Group declined by $7.50 to close at $131 and finishing with 199,286 stock units crossing the exchange. Palace Amusement rose 50 cents to close at $1,552 after clearing the market with 19 units, PanJam Investment climbed $2 to close at $72 with investors swapping 3,804 stocks, Proven Investments rose $2.04 to close at $35.94 and finishing trading of 18,376 shares. Salada Foods carved out a gain of $1 to settle at $29 with investors swapping 50 units, Scotia Group rose $1 to end at $46, with 1,660 stock units changing hands, Seprod carved out a gain of $1 to settle at $55 in trading 16,225 stock units. Stanley Motta fell 33 cents in finishing at $4.80 trading 1,000 stocks and Sygnus Credit Investments lost 39 cents to end at $15.50, with 22,258 shares 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: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Co-operative Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Investors interest dives for JSE USD market

August 18, 2020 by IC Insider.com

Investors showed modest interest in the US dollar market of the Jamaica Stock Exchange on Tuesday, with only two securities changing hands compared to three on Monday and closed with the prices of no stock rising and two declining.
Trading activities plunged at the close, with an exchange of 34,727 shares, accounting for US$7,273 compared to 1,684,769 units at US$20,156 on Monday.
The JSE USD Equities Index advanced by 2.35 points to settle at 186.26, and the average PE Ratio of the market ended at 13.2 based on IC Insider.com’s forecast of 2020-21 earnings.
The average trade of 17,364 units changing hands at US$3,636 on Tuesday, in contrast to an average of 561,590 shares at US$6,719 on Monday. Trading ended, with an average of 70,965 units at US$3,980 for the month to date, in contrast to 73,027 units at US$3,993 to Monday. By comparison, July ended with an average of 133,150 units for US$18,282.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows three stocks ended with bids higher than their last selling prices and none with lower offers.
At the close of the market, Proven Investments carved out a loss of 1.5 US cents to end at 23 US cents with investors trading 22,068 shares and Sygnus Credit Investments declined by 1 US cent to close at 15 US cents in exchanging 12,659 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: Daily Trading, Emerging markets, Jamaica Stock Exchange, Jamaican stocks, JSE US dollar market, Proven Investments, Sygnus Credit Investments, Trading Activity

Trading rises on TTSE on Tuesday

August 18, 2020 by IC Insider.com

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The Trinidad and Tobago Stock Exchange ended trading on Tuesday with the market slipping after investors traded 282 more shares than Monday and closed with more stocks falling than rising.

Trinidad & Tobago Stock Exchange Head Quarters

The market closed with sixteen securities trading with two stocks advancing, six declining and eight unchanged, with 406,464 shares valued at $6,393,647 trading, compared to 106,336 shares for $2,270,419 on Monday from 11 securities.
The T&T Composite Index shed 0.41 points to 1,315.90. The All T&T Index gained 0.69 points to 1,779.15, while the Cross Listed Index lost 0.21 points to close at 115.20.
The average trade on Friday amounted to 25,404 units at $399,603 versus an average of 9,667 stock units for $206,402 for each security. For the month to date trading resulted in an average of 14,572 shares at $354,268 each and on the prior day, the average was 13,288 units at $348,895. July closed with an average of 12,712 shares for $166,390.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of five stocks higher than its last selling price and three with lower offers.
Stocks rising│ First Caribbean International gained 1 cent to finish at $7, after trading 42,092 shares and JMMB Group picked up 1 cent in transferring 485 units to close at $1.94.
Stocks declining│ Angostura Holdings lost 5 cents exchanging 825 units to end at $15.30, First Citizens Bank settled at $46.10, with a loss of 20 cents in trading 6,116 stock units, Grace Kennedy closed 10 cents lower at $3.50, with 49,698 shares crossing the market. NCB Financial Group dipped 2 cents to $7.85, after exchanging 204,525 shares, National Flour ended 5 cents lower at $1.90, with 10,000 stock units changing hands and Scotiabank closed at $54.50, after falling by 40 cents trading 5,785 stock units.
Stocks trading firm│ Calypso Macro Index Fund ended with 300 shares changing hands at $14, Clico Investments remained at $27.78, with trades 37,229 shares crossing the exchange, Guardian Holdings exchanged 5,692 stock units at $19.34, Massy Holdings held firm at $59, in transferring 33,081 shares. Republic Financial Holdings traded 3,012 units at $141.25, Trinidad and Tobago NGL exchanged 4,121 stock units at $17, Unilever Caribbean closed unchanged at $17 in transferring 361 units and West Indian Tobacco closed at $37.05 trading 3,142 units.

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

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, Calypso Micro Index Fund, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, National Flour, NCB Financial Group, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean, West Indian Tobacco

Junior market in big points drop

August 17, 2020 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange Index dived 54.19 points to settle at 2,540.11 when the trading closed on Monday, after falling stocks, overwhelmed those rising and investors traded 38 percent more shares with four percent less value than on Friday.
Trading ended with 34 securities changing hands compared to 27 on Friday, with the prices of seven stocks rising, the prices of 19 declining and eight remaining unchanged. At the close of the market, the average PE Ratio of the market ended
at 10.3 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 4,784,350 shares for $13,556,616 compared to 3,470,609 units at $14,092,682 on Friday.Lasco Distributors led trading with 1.53 million shares for 31.9 percent of total volume followed by Everything Fresh with 747,741 units for 15.6 percent of the day’s trade and iCreate with 610,064 units for 12.8 percent market share.
Trading ended with an average of 140,716 units at $398,724 in contrast to 128,541 at $521,951 on Friday. For the month to date, there was an average trade of 136,907 units at $388,825, in comparison to 136,446 units at $387,627 on Friday. Trading in July resulted in an average of 248,153 units at $668,727.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Access Financial gained 3 cents ending at $22.55 with investors trading 3,980 stock units, AMG Packaging increased 1 cent to end at $1.71 while exchanging 306 shares, Cargo Handlers carved out a loss 4 cents to end at $7.30 in an exchange of 700 units. Caribbean Assurance Brokers lost 12 cents to end at $1.92, with 10,047 units changing hands, Caribbean Cream gained 11 cents to end at $4.11 after trading 1,225 stocks, Caribbean Flavours jumped $1.50 to settle at $13, with 108,817 shares passing through the market. Consolidated Bakeries dropped by 17 cents to $1.38 after exchanging 5,000 stock units, Derrimon Trading fell 30 cents in closing at $2.50, with 71,408 stock units crossing the exchange, Elite Diagnostic dropped by 3 cents to end at $3.12 with investors switching ownership of 90,206 stock units. Everything Fresh fell 8 cents to 66 cents, with 747,741 shares changing hands, Express Catering shed 5 cents to end at $3.85 with investors switching ownership of 6,056 shares, Fontana fell 1 cent in ending at $4.98, with 48,119 units clearing the market. General Accident carved out a loss 70 cents and ended at $6.50 with investors switching ownership of 505,006 units, GWest Corporation added 5 cents to close at 75 cents, trading of 2,000 units, Honey Bun carved out a loss 15 cents to close at $4.95, with 22,900 shares changing hands. iCreate rose 3 cents to close at 68 cents, with 610,064 stock units passing through the market, Iron Rock Insurance lost 40 cents to end at $3 in exchanging 800 units, Jamaican Teas gained 15 cents to end at $4.65 while exchanging 78,695 stock units. Jetcon Corporation dropped by 9 cents to settle at 89 cents in trading 91,736 stocks, Lasco Distributors dropped 34 cents to close at $3 while exchanging 1,527,013 stock units, Lasco Manufacturing lost 2 cents to close at $3.97 in clearing the market with 17,315 shares. Lumber Depot dipped by 1 cent to end at $1.04 in an exchange of 131,521 stocks, Mailpac Group lost 6 cents to finish at $2.02, with 438,799 units crossing the exchange, Main Event dropped 49 cents to settle at $3.50, with 21,720 units changing hands. Medical Disposables lost 10 cents to end at $4.90, after 18,999 stocks crossed the exchange and SSL Venture fell 11 cents to 75 cents, with an exchange of 1,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity, tTech

JSE Main market closes higher on Monday

August 17, 2020 by IC Insider.com

Seventy-five percent fewer shares traded on the Jamaica Stock Exchange Main Market on Monday than on Friday, but the market closed higher even as more stocks fell than those rising.
At the close, the All Jamaican Composite Index climbed 1,190.14 points to settle at 405,372.12; the Main Index rose 1,139.72 points to end at 370,010.35, the JSE Financial Index rose 0.39 points to settle at 96.09.
Trading ended with 47 securities changing hands compared to 44 securities on Friday and ended with the prices of 13 stocks rising, 21 stocks declining, with 13 remaining unchanged. The average PE Ratio of the market ended at 15.4 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 23,030,074 shares for $57,044,608 compared to 20,605,919 units at $226,351,750 on Friday. Wigton Windfarm led trading with 18.64 million shares for 81 percent of total volume followed by Transjamaican Highway with 1.16 million units for 5 percent of the day’s trade and Sagicor Select Financial Fund with 1.09 million units for 4.8 percent market share.
Trading ended with an average of 490,004 units changing hands for $1,214,010on Monday, in comparison to an average of 468,316 shares at $5,144,358 on Friday. The average trade for the month to date ended at 417,892 units at $2,023,026 for each security, in contrast to 409,246 units at $2,120,026. Trading for the month to date compares well, with July’s average trade of 392,128 shares for $2,444,356.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows one stock ended with the bid higher than the last selling price and three with lower offers.
At the close of the market, Eppley Caribbean Property Fund lost 60 cents to settle at $48.50, with 17,041 shares crossing the market, First Rock Capital gained 74 cents in closing at $13 and trading 3,660 stocks, JMMB Group shed 81 cents to close at $30.34, with 162,375 units changing hands. Key Insurance declined 48 cents in closing at $7.51 after 8,181 shares crossed the exchange. Kingston Properties shed 35 cents to settle at $7.25 with investors switching ownership of 412 units, Kingston Wharves climbed 50 cents to end at $53.80, with 8,650 units changing hands, Mayberry Investments lost 30 cents to finish at $5.10 after 15,770 shares crossed the market. Mayberry Jamaican Equities lost 65 cents to end at $8.10 with an exchange of 7,945 shares, MPC Caribbean Clean Energy climbed $11 to $163 in trading just one share, Palace Amusement dropped $138.50 to $1,551.50, with nine units crossing the market. PanJam Investment lost $2 to end at $70 trading 3,160 units, Portland JSX advanced by 38 cents to close at $7.88 with an exchange of 9,700 stocks, Salada Foods rose $3 to $28 in trading 13,594 stock units. Scotia Group gained 95 cents in ending at $45 while exchanging 11,930 stock units and Seprod lost 99 cents to end at $54 and crossing the exchange with 26,126 stocks.
In the preference segment, Eppley 8.25% shed $1.05 to close at $7.45, while trading 1,020 stock units and 138 Student Living Preference share, gained 90 cents, in closing at a 52 weeks’ high of $6.88 after investors switched the ownership of 200 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: 138 Student Living, Barita Investments, Caribbean Cement, Carreras, Community & Workers Co-operative Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Volume up JSE USD market down

August 17, 2020 by IC Insider.com

The US dollar market of the Jamaica Stock Exchange declined at the closed of trading on Monday, with the JSE USD Equities Index falling 4.87 points to settle at 183.91 after just three securities changed hands, to four on Friday as the volume jumped 3,500 percent.
At the close of the market, the prices of one stock rose and two declined. The average PE Ratio of the market ended at 13.3 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 1,684,769 shares, accounting for US$20,156 compared to 46,025 shares, accounting for US$13,692 on Friday.
The average trade of 561,590 units changing hands at US$6,719 on Monday, in contrast to an average of 11,506 shares at US$3,423 on Friday. Trading for the month to date ended at an average of 73,027 units for US$3,993 in contrast to 43,114 units at US$3,826 on Friday. By comparison, July ended with an average of 133,150 units for US$18,282.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows two stocks ended with bids higher than their last selling prices and none closed with lower offers.
At the close of the market, First Rock Capital Investment lost one-tenth of a cent and ended at 8.9 US cents and finishing trading of 2,000 shares. Proven Investments gained half of a cent to close at 24.5 US cents, with 24,783 stocks clearing the market and Transjamaican Highway lost 0.06 of a cent to close at 0.85 of a US cent, with 1,657,986 stock units passing through the market.

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

Filed Under: Global Market, Stock Market Tagged With: Daily Trading, Emerging markets, First Rock Capital, Jamaica Stock Exchange, Jamaican stocks, JSE US dollar market, Proven Investments, Trading Activity, Transjamaican Highway

TTSE falters on Monday

August 17, 2020 by IC Insider.com

Market activity ended on the Trinidad and Tobago Stock Exchange on Monday, with the market declining after investors traded 55 percent fewer shares than on Friday, resulting from more stocks falling than rising.
The market closed with eleven securities trading with one advancing, six declining and four unchanged. The volume of stocks passing through the market amounted to 106,336 shares valued at $2,270,419 compared to 237,902 shares for $12,141,404 on Friday from 10 securities.
The average trade for the day amounted to 9,667 units at $206,402 versus an average of 23,790 stock units for $1,214,140 for each security on Friday. An average of 13,288 units traded at $348,895 for the month to date versus 13,610 units at $361,535 up to Friday. July closed with an average of 12,712 shares for $166,390.
The T&T Composite Index fell by 2.37 points to 1,316.31. The All T&T Index dropped 5.90 points to 1,778.46, while the Cross Listed Index gained 0.16 points to close at 115.41.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of five stocks higher than its last selling price and four with lower offers.
Stocks rising│ JMMB Group picked up 3 cents to end the day at $1.93, with 44,490 shares changing hands.
Stocks declining│ Ansa Merchant Bank shed 30 cents to close at $36, in transferring 1,394 units, First Citizens Bank finished 45 cents lower at $46.30, with an exchange of 6,959 stock units, Guardian Holdings lost 1 cent trading 215 units to end at $19.34. Massy Holdings declined $1 to $59, with 2,270 units changing hands, Prestige Holdings slid 20 cents to $8, after transferring 8,069 stock units and Republic Financial Holdings lost 2 cents and closed at $141.25, in trading 4,015 stock units.
Stocks trading firm│ Clico Investments exchanged 37,014 shares at $27.78, NCB Financial Group transferred 1,400 units at $7.87, Scotiabank held firm at $54.90, with 160 units crossing the market and Unilever Caribbean was unchanged at $17, in trading 350 units.

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

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Merchant Bank, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Citizens, Guardian Holdings, JMMB Group, Massy Holdings, NCB Financial Group, Prestige Holdings, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean

Kremi back in IC TOP 10

August 16, 2020 by IC Insider.com

In a week when several companies released quarterly results, few had any positive information to move prices forward. Against this development, some stocks pulled back a bit, flowing from weaker than expected results. Last week’s drop out candidate,

Caribbean Cream posted big gains in profit in Q1.

Caribbean Cream, closed the week at $4.10, to return to the Junior Market TOP 10, at the expense of Mailpac Group. There were no changes to the main market list.
The Mailpac Group operations enjoyed a 33 percent rise in revenues for the six months to June and a 36 percent increase in profit over the similar period in 2019. Flowing from those results, IC Insider.com revised the earnings per share down to 20 cents, thus reducing the potential gain based on 2020 earnings, moving it out of the top listing.
The top three stocks in each market saw little change in ranking, leaving the top three Junior Market stocks, with the potential to gain between 281 to 676 percent by March 2021. Caribbean Producers heads the list, followed by Lasco Financial and Elite Diagnostic, the focus on all three is on the 2021 fiscal year results, that are projected to show recovery from the 2020 financial year final numbers.
The top three Main Market stocks with expected gains of 189 to 223 percent are Berger Paints followed by Radio Jamaica and JMMB Group.
This week’s focus: 138 Students Living reported a 44 percent increase in revenues to hit $334 million from $223 million in the June 2019 quarter and a 60 percent rise in the nine months to $1.09 billion. The company moved from a loss of $17 million in the 2019 third quarter to a profit of $132 million in 2020 and from a loss of $60 million in the nine months to June, to a profit of $402 million. Operating cost fell in both periods compared with the 2019 cost. The big problem is that the company continues the extremely poor practice of not showing operating and administrative expenses separately, making it impossible to see what gross margins are. The significant increase in profit is due to claims made on the University going back to 2019, which are booked in the current year that distorts earnings from ongoing operations. While earnings per share for the quarter is an attractive 32 cents and year to date 97 cents. Earnings from ongoing operations suggest that the full year’s results should be in the order of 40 cents after a regular tax charge.
The targeted average PE ratio of the market is 20 based on the profits of companies reporting full year’s results, from now to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level, an indication of the potential gains ahead. The JSE Main Market ended the week, with an overall PE of 15.2 and the Junior Market at just 10.9, based on IC Insider.com’s projected 2020-21 earnings. The average PE ratio of the Junior Market has been slowly rising, reflecting better profit opportunities in the Main Market and narrowing the gap. The PE ratio for the Junior Market Top 10 stocks averages a mere 5.9 at just 54 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at a PE of 8.2 or 54 percent of the PE of the overall market.
The average projected gain for the Junior Market IC TOP 10 stocks is 278 percent, and 152 percent for the JSE Main Market, based on 2020-21 earnings, an indication of potentially more significant gains in the Junior Market than in the Main Market.
IC TOP 10 stocks are likely to deliver the best returns up to March 2021 and ranked in order of potential gains, based on possible profit for each company, taking into account the earnings and PE ratios for the current fiscal year. 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. Revisions to earnings per share are ongoing, based on receipt of new information.

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

Filed Under: Buy Rated Tagged With: Access Financial, Berger Paints, Caribbean Assurance Brokers, Caribbean Producers, Carreras, Daily Trading, Emerging markets, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Laco Distributors, Lasco Financial, Lumber Depot, Medical Disposables, Radio Jamaica, Scotia Group, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

Junior Market just hangs on to gains

August 14, 2020 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange just helped on to a modest gain at closed on Friday, with the market inching higher after an almost equal number of stocks rose and declined after a small eight percent more shares changed hands than on Thursday.
Trading ended with 27 securities changing hands compared to 31 on Thursday and ended with the prices of eight stocks rising, the prices of nine declining and ten with remaining unchanged.
At the close, the Junior Market Index rose 4.85 points to end at 2,599.86, the average PE Ratio of the market ended at 10.5 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 3,470,609 units at $14,092,682 compared to 3,221,829 units at $8,756,559 on Thursday.
Jamaican Teas led trading with 1.96 million shares for 56.4 percent of total volume, followed by Mailpac Group with 719,506 units for 20.7 percent of the day’s trade and Fontana with 183,647 units for 5.3 percent market share.
Trading ended with an average of 128,541 units at $521,951 in contrast to 103,930 at $282,470 on Thursday. For the month to date, the average trade resulted in an exchange of 136,446 shares at $382,221, in comparison to 137,315 units at $373,348 on Thursday. Trading to date compares adversely to July, with an average of 248,153 units at $668,727.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows six stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, AMG Packaging advanced 16 cents to end at $1.70, in exchanging 5,750 shares, Blue Power increased 5 cents to settle at $3.40, with 15,000 stock units crossing the exchange, Caribbean Assurance Brokers gained 7 cents in closing at $2.04 trading 11,000 units. Caribbean Producers carved out a loss 5 cents to close at $2.45, with 10,150 stocks crossing the market, Elite Diagnostic shed 2 cents to end at $3.15 with investors switching ownership of 45,705 stock units, Fontana lost 7 cents to end at $4.99 with an exchange of 183,647 shares. General Accident dropped 15 cents to end at $7.20 in exchanging 11,944 stocks, iCreate lost 3 cents to settle at 65 cents in an exchange of 83,321 stock units, ISP Finance fell 41 cents to settle at $14.59, with ten shares changing hands, Jamaican Teas dropped by 50 cents to settle at $4.50 in trading 1,956,594 stock units. Lasco Distributors carved out a loss of 6 cents in closing at $3.34 and exchanging 20,587 stock units, Lasco Manufacturing added 9 cents in closing at $3.99 in trading 26,000 stocks, Limners and Bards gained 9 cents to finish at $2.80 with an exchange of 6,853 shares. Lumber Depot increased 2 cents in closing at $1.05 and trading 2,100 units. Medical Disposables rose 9 cents to $5, with 5,387 stock units crossing the exchange, SSL Venture carved out an increase of 11 cents to close at 86 cents, with an exchange of 1,500 units and Stationery and Office Supplies lost 20 cents to close at $5.60 in trading 44,707 shares.