Trading Activity — Page 445

Rising stocks dominate TTSE market

August 4, 2020 by IC Insider.com

Trading on the Trinidad and Tobago Stock Exchange ended on Tuesday resulted in fourteen securities, up slightly from twelve on Monday and ended with investors driving six stocks higher, two lower while leaving six unchanged.
The T&T Composite Index advanced by 2.31 points to 1,316.77. The All T&T Index gained 1.20 points to end at 1,777.17, while the Cross Listed Index rose 0.47 points to 115.72.
The market closed, with 346,932 shares at $2,070,714 passing through the market, compared to 117,290 shares for $3,215,698 on Monday.
The average trade on Tuesday was 24,781 units at $147,908 versus an average of 9,774 stock units for $267,975 for each security traded on Monday. For the month to date, the average trade amounts to 17,855 units at $84,154. 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 four stocks higher than its last selling price and three with lower offers.
Stocks rising│ Clico Investments climbed sharply higher by $1.85 to $27.85 trading 43,427 shares, JMMB Group gained 5 cents and ended at $2, as investors transferred 270,000 shares, L.J Williams B share picked up 4 cents to settle at $1.44, in an exchange of 6,900 stock units. Massy Holdings closed $1 higher at $58, with 3,534 units changing hands, NCB Financial added 6 cents to end at $7.86, after trading 1,000 units and One Caribbean Media finished at $5.25, after rising 10 cents as 15 units crossed the exchange.
Stocks declining│ First Caribbean International lost 5 cents trading 458 units to finish at a 52 weeks’ low of $7.05 and First Citizens Bank closed at $47.99 after losing 36 cents and exchanging 15 units.
Stocks trading firm│ Ansa Merchant Bank was unchanged at $36.30, in transferring 15 units, Ansa McAL closed at $50, with six units traded, a total of 16,370 Point Lisas’ stocks were exchanged at $3.10. Scotiabank remained at $54.90, with 15 units crossing the market, Trinidad and Tobago NGL transferred 5,052 stock units at $17.02 and West Indian Tobacco closed at $35, after exchanging 125 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 Mcal, Ansa Merchant Bank, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, JMMB Group, LJ Williams, Massy Holdings, NCB Financial Group, One Caribbean Media, Point Lisas, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, West Indian Tobacco

Junior Market continues to inch higher

August 4, 2020 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange ended trading on Tuesday, with the market index advancing as more stocks rose than declined after investors traded a mere 16 percent of Monday’s volume at 22 percent of the value.
Trading ended with 34 securities changing hands compared to 32 on Monday and ended with the prices of 13 stocks rising. Prices of 10 stocks declined and prices of 11 remained unchanged.
At the close, the Junior Market Index advanced by 15.97 points to settle at 2,619.05, and the average PE Ratio of the market ended at 10.8 based on IC Insider.com’s forecast of 2020-21 earnings.
Market activities concluded with an exchange of 1,625,055 shares for $5,194,150 compared to 9,920,174 shares for $23,681,230 on Monday.
Mailpac Group led trading with 303,405 shares for 18.7 percent of total volume followed by Jamaican Teas with 230,446 units for 14.2 percent of the day’s trade and Lumber Depot with 147,000 units for 9 percent market share.
Investors exchanged an average of 47,796 units at $152,769 in contrast to an average of 309,774 at $740,038 on Monday. An average of 174,816 units traded at $437,506 for the month to date. Trading in July resulted in an average of 248,153 units changing hands at $668,727.
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 two with lower offers.
At the close of the market, AMG Packaging dropped 2 cents to close at $1.73 in an exchange of 1,162 stock units, Blue Power climbed 30 cents to settle at $3.45 with investors switching ownership of 43,232 shares, Cargo Handlers declined 88 cents to finish at $6.51 with 1,100 shares traded. Caribbean Assurance Brokers ended 4 cents higher at $2.29 with 58,475 units changing hands, Caribbean Cream climbed 65 cents to finish at $5.05 and clearing the market with 75,024 stocks, Caribbean Producers gained 4 cents to close at $2.39 in an exchange of 121,300 units. Derrimon Trading carved out a gain of 20 cents to end at $2.50 with investors transferring 109,813 units, Dolphin Cove lost 2 cents to settle at $7.43 with 2,070 stock units traded, Fosrich increased 25 cents to finish at $3.90 with 24,991 stock units changing hands. General Accident advanced by 17 cents to end at $7.32 with investors switching ownership of 33,520 stock units, GWest Corporation lost 3 cents to close at 86 cents with and exchange of 673 shares, Honey Bun carved out a loss 5 cents to end at $5.35 with investors transferring 796 stocks. iCreate advanced 3 cents and traded 1,993 units to settle at 60 cents, Indies Pharma fell 7 cents to $2.90 with 9,200 shares changing hands, Jetcon Corporation carved out a gain of 10 cents to end at $1.01 and clearing the market with 6,097 shares. Lasco Distributors slipped 3 cents to close at $3.25 with 70,905 shares passing through the market, Lasco Financial rose 9 cents to settle at $2.50 trading 5,700 units, Lasco Manufacturing declined by 3 cents to end at $3.75 in an exchange of 55,345 stock units. Limners and Bards climbed 21 cents to finish at $2.88 with investors transferring 27,316 stocks, Lumber Depot gained 1 cent to close at $1.07 with 147,000 shares changing hands, Mailpac Group declined 2 cents to end at $2.12 with an exchange of 303,405 stock units. Medical Disposables climbed 25 cents to close at $5.30 with 3,410 shares traded and tTech dipped 80 cents to close at $6.50, with 22,081 shares 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: AMG Packaging, Best performing stock market, Blue Power, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

50% less trades on TTSE – Monday

August 4, 2020 by IC Insider.com

The Trinidad and Tobago Stock Exchange ended trading on Monday, with the market declining after investors traded 50 percent fewer shares than were traded on Friday, resulting in more stocks falling than rising.
The market closed with twelve securities trading with two advancing, five declining and five remained unchanged. Trading accounted for 117,290 shares valued at $3,215,698 compared to 232,343 stocks for $5,720,884 from 13 securities on Friday.
The average trade on Monday amounted to 9,774 units at $267,975, versus an average of 17,873 stock units for $440,068, for each security. July closed with an average of 12,712 shares for $166,390.
The T&T Composite Index lost 0.98 points to 1,314.46, the All T&T Index shed 1.95 points to 1,775.97, while the Cross Listed Index was unchanged at 115.25.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of four stocks higher than its last selling price and one with a lower offer.
Stocks rising│ Point Lisas gained 10 cents to close at $3.10, with an exchange of 15,000 stock units and Scotiabank finished 15 cents higher at $54.90, after 392 units crossed the market.
Stocks declining│ First Citizens Bank lost 15 cents to end at $48.35, in transferring 500 units, Massy Holdings closed at $57, with a loss of 98 cents trading 32,978 shares, Republic Financial Holdings dropped $3.50 to close at $136, in exchange for 130 units. Trinidad Cement shed 10 cents to settle at $2, with 500 units changing hands and Unilever Caribbean closed 5 cents lower at $16.90 after trading 738 units.
Stocks trading firm│ Angostura Holdings exchanged 1,474 units at $15.30, Ansa Merchant Bank traded 266 units at $36.30, Clico Investments closed with 42,152 shares changing hands at $26. Guardian Holdings closed at $19, with an exchange of 806 units and Grace Kennedy remained at $3.50, after trading 22,354 shares.

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, Ansa Merchant Bank, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Citizens, Grace Kennedy, Guardian Holdings, Massy Holdings, Point Lisas, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, Trinidad Cement, TTSE, Unilever Caribbean

Bullish trading in Jamaican stocks

August 3, 2020 by IC Insider.com

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The Jamaica Stock Exchange Main Market ended trading on Monday with the market rising in a bullish session at the start of August after more stocks rose than fell after investors exchanged 39 percent fewer shares with 70 percent higher value than they did on Friday.
At the close, the All Jamaican Composite Index climbed 6,403.61 points to settle at 412,297.65. The Main Index gained 5,796.89 points to end at 376,218.86 and the JSE Financial Index advanced by 2.39 points to settle at 98.36. The price of Scotia Group jumped sharply, by $5.21 and was a major contributor to the significant rise in the market indices.
Trading ended with 45 securities changing hands with the prices of 23 stocks rising, the prices of 15 declining and seven remaining unchanged and the average PE Ratio of the market ended at 15.5 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 8,211,306 shares for $88,195,049 compared to 13,543,115 units at $51,906,344 on Friday.
Wigton Windfarm led trading with 2.52 million shares for 30.7 percent of total volume, followed by Transjamaican Highway with 1.37 million units for 16.7 percent of the day’s trade and Supreme Ventures with 1.13 million units for 13.8 percent market share.
An average of 182,473 units traded on Monday at $1,959,890, in comparison to an average of 338,578 shares at $1,297,659 on Friday. Trading compares adversely to, July that ended with an average of 392,128 shares at $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 rose $2.40 and closed at $56.40 after exchanging 644 stock units, Caribbean Cement dropped $4.25 in ending at $43.75 after trading 7,168 stocks, Eppley advanced $2.54 in closing at $17.44, with 1,141 units changing hands. First Rock Capital climbed 74 cents $13.75 with investors switching ownership of 19,689 shares, Jamaica Broilers Group rose $1.99 to settle at $27.49, in exchanging 40,355 units, Jamaica Producers fell $1.70 to close at $22, with investors trading 4,312 stock units. Key Insurance gained 84 cents to finish at $8.99, with investors exchanging of 44,663 units, Kingston Properties gained 92 cents to end at $7.03, trading 400 shares, Kingston Wharves declined by 30 cents in ending at $50.70 after exchanging 90 stock units. Mayberry Jamaican Equities increased 60 cents to close at $9.35, with 14,901 shares changing hands, NCB Financial Group carved out an increase of $1.48 to close at $139.98 and finishing with 9,557 units crossing the exchange. Palace Amusement jumped $232.50 to close at $1,782.50 in an exchange of just four units, Proven Investments declined by 45 cents in ending at $34.30 in an exchange of 832 units, Sagicor Group rose $1.01 to settle at $44, with 3,938 stock units trading. Salada Foods rose $1 to settle at $29 with investors swapping just one stock, Scotia Group climbed sharply by $5.21 to close at $51.70 with investors trading 518,331 shares, Stanley Motta rose by 43 cents to close at $5.13 in trading 10,010 stock units. Supreme Ventures gained 49 cents in ending at $15.49 after 1,129,584 shares crossed the exchange, Sygnus Credit Investments rose 93 cents to end at $16.80 trading 1,500 shares and Victoria Mutual Investments carved out a loss 53 cents to close at $6.50 while exchanging 126,311 stock units.

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

Filed Under: JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, 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

JSE USD market up on lower volume

August 3, 2020 by IC Insider.com

The US dollar market of the Jamaica Stock Exchange closed trading on Monday, with the market index rising after investors traded 46 percent fewer shares than on Friday, with more stocks rising than falling.
At the close of the market, trading ended with five securities changing hands with the prices of three stocks rising and two declining.
The JSE USD Equities Index advanced by 1.60 points to settle at 187.75, and the average PE Ratio of the market ended at 12.9 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 378,176 shares, accounting for US$10,807 compared to 704,435 units at US$124,817 on Friday.
An average of 75,635 units traded on Monday at US$2,161 for each security. In contrast to an average of 234,812 shares at US$41,606 on Friday. By comparison, July ended with an average of 133,150 units for US$18,282 for each security traded.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows one stock ended with bids higher than their last selling prices and one with lower offers.
At the close of the market, First Rock Capital Investment gained half of a cent and settled at 9 US cents, with 5,505 stocks crossing the market, Margaritaville added three-tenths of a cent to close at 14 US cents with investors swapping 1,865 units. Proven Investments carved out a gain of 1 US cent to end at 24 US cents, with 22,906 shares clearing the market, Sygnus Credit Investments lost three-tenths of a cent to end at 14.8 US cents with an exchange of 10,291 stock units and Transjamaican Highway fell from 0.98 US cents to 0.97 of a cent, with 337,609 units 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: Daily Trading, Emerging markets, First Rock Capital, Jamaica Stock Exchange, Jamaican stocks, JSE US dollar market, Margaritaville, Proven Investments, Sygnus Credit Investments, Trading Activity, Transjamaican Highway

Junior Market starts August off with gains

August 3, 2020 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange ended trading on Monday, with the market rising after more stocks rose than declined after investors traded more than three times the shares, exchanged on Friday.
Trading ended with 32 securities changing hands, similar to the activity on Friday and ended with the prices of 13 stocks rising, 12 declining and the prices of seven remaining unchanged.
At the close, the Junior Market Index rose 13.05 points to settle at 2,603.08, and the average PE Ratio of the market ended at 10.7 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 9,920,174 shares for $23,681,230 compared to 2,937,362 units at $11,279,065 on Friday.
Derrimon Trading led trading with 8.40 million shares for 84.7 percent of total volume, followed by Mailpac Group with 538,932 units for 5.4 percent of the day’s trade and Lasco Distributors with 199,213 units for 2 percent market share.
An average of 309,774 units at $740,038 in contrast to an average of 91,793 at $352,471 on Friday. Trading in July resulted in an average of 248,153 units at $668,727 trading.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows five stocks ended with bids higher than their last selling prices and six with lower offers.
At the close of the market, Access Financial gained 94 cents to close at $26.99 with the trading of 5,259 stocks, AMG Packaging rose 2 cents to settle at $1.75, with 125,640 stock units changing hands, Blue Power lost 15 cents to settle at $3.15 after clearing the market with 23,011 shares. Caribbean Cream gained 40 cents in closing at $4.40, with an exchange of 1,571 stock units, Caribbean Producers dropped 4 cents to end at $2.35 after exchanging 51,610 units, Consolidated Bakeries lost 19 cents ending at $1.36 clearing the market with 1,000 shares. Derrimon Trading shed 9 cents to end at $2.30 while exchanging 8,401,811 stocks, Elite Diagnostic dipped 10 cents in closing at $3.60 with investors switching ownership of 29,500 units, Express Catering declined by 6 cents to $4 in an exchange of 34,253 stocks. Fosrich dropped 24 cents to close at $3.65 and clearing the market with 34,160 shares, General Accident climbed 11 cents to settle at $7.15, and finishing at 19,458 shares changing hands, Honey Bun rose 10 cents to end at $5.40 in an exchange of 402 shares. iCreate added 1 cent in closing at 57 cents while trading 92,494 shares, Indies Pharma gained 2 cents to finish at $2.97 83,705 stock units changing hands, Iron Rock Insurance advanced 45 cents to $3.45 while exchanging three units. Jamaican Teas increased 11 cents to end at $5 in an exchange of 95,024 stock units, Knutsford Express shed 40 cents to close at $7.50, with 7,512 units passing through the market, Lasco Distributors gained 3 cents to settle at $3.28 in trading 199,213 units. Lasco Manufacturing rose 28 cents in closing at $3.78 after exchanging 17,211 units, Limners and Bards lost 13 cents to settle at $2.67 and finishing trading, with 12,851 units, Mailpac Group shed 1 cent to settle at $2.14, with 538,932 stocks changing hands. Main Event slipped 1 cent to $3.99 after 5,100 shares crossed the market, Medical Disposables carved out a gain of 5 cents to end at $5.05 and trading 24,047 units. Stationery and Office Supplies fell 10 cents in closing at $5.80, with 2,747 stock units crossing the market and tTech gained 60 cents to end at $7.30, with 5,000 shares passing through the market.
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 Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, 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, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Lasco out Medi Disposables back in IC TOP 10

August 2, 2020 by IC Insider.com

Lasco Distributors rose from $2.85 to close at $3.25 after the company posted a 57 percent rise in first-quarter profit and Medical Disposables returns with the stock finding support just under $5 this past week after posting disappointing full-year results at the end of the prior week.
There was no change in the Main Market TOP 10 list for the week that saw the Main Market remaining relatively stable for the past week, while the Junior Market rose 35 points for the week on top of gains in the previous week.
Although Lasco Distributors is out of the TOP 10, investors should expect to see more gains, with the EPS of 38 cents for this fiscal year, as the stock trades at 8.7 times earnings compared with 11.2 for the Junior Market. Caribbean Cream reported good first-quarter results, suggesting a significant increase in full-year profits. The stock closed the week at $4, up from $3.65, and is poised for more gains in the weeks to come. There are limited offers to sell the stock while buying interest has picked up.
The top three stocks in each market saw little change in the rankings, leaving the top three Junior Market stocks, with the potential to gain between 239 to 695 percent by March 2021. The first is Caribbean Producers, followed by Lasco Financial and Stationery and Office Supplies.
The top three stocks in the Main Market, with expected gains of 182 to 233 percent, are Berger Paints followed by Radio Jamaica and JMMB Group.

Grace Kennedy new headquarters in downtown Kingston

This week’s focus: Grace Kennedy posted revenues of $56.5 billion, up 10 percent over the corresponding period of the prior year. Profit before tax was $4.5 billion, reflecting a 53 percent improvement over the same period in 2019. Net Profit after tax increased 36.5 percent to $2.75 billion after minority interest, with earnings per stock unit for the period of $2.77. The result to date is outstanding, projected earnings for 2021 is over $11 per share, putting the stock in the category of one of the best buys in the Main Market currently. IC Insider.com has upped its forecast for 2020 per share to $7.25, with a PE ratio of 8 at the closing stock price of $57.
QWI Investments just released its June quarter results, with a loss of $461 million for the year to date and a profit of $115 million in the latest quarter. The company’s portfolio comprises a mix of stocks mainly in Jamaica and the USA, with a smattering in Trinidad. At the end of July, the net asset value (NAV) continued to increase and ended the month at $1.06, up 11.5 percent from 95 cents at the end of March this year. The performance beats the JSE Main Market index that is down 2.5 percent over the same period and the JSE Combined Index down one percent for the same period. The NAV growth that reflects changes to the investment value plus dividend income after expenses is just behind the JSE Junior Market index that is up 12.4 percent over the same period. The stock price closed at 73 cents on the local market on Friday, at a steep discount of 41 percent to the net asset value.
Access Financial reported a first-quarter profit after tax to June of $33 million, compared to $165 million for the similar period in 2019 after additional provision for loan losses amounting to $67 million and loan write-off of $38 million. Income slipped as loans contracted, but the cost in some areas fell. The company is sound and is poised to return to higher levels of profit, and could even reverse some of the loan loss provisions going forward.
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 14.9 and the Junior Market at just 11.2, based on IC Insider.com’s projected 2020-21 earnings. The average PE ratio of the Junior Market has been slowly rising and narrowing the gap, with the Main Market as investors see better profit opportunities in this sector. The PE ratio for the Junior Market Top 10 stocks averages a mere 6.3 at just 56 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at a PE of 8.1 or 55 percent of the PE of the overall market.
The average projected gain for the IC TOP 10 stocks is 261 percent, for the Junior Market and 153 percent for the JSE Main Market, based on 2020-21 earnings, an indication that there is the potential to make greater 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 likely gain 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, Feature Stories 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, Medical Disposables, Radio Jamaica, Scotia Group, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

JSE Main Market jumps to close July

July 31, 2020 by IC Insider.com

The Jamaica Stock Exchange Main Market ended trading on Friday, with the market closing higher after the number of stocks gaining, more than tripled those declining, as investors exchanged 15 percent more stock units than on Thursday.
At the close, the All Jamaican Composite Index carved out a gain of 4,915.75 points to settle at 405,893.04; the Main Index gained 4,474.49 points to end at 370,421.97, the JSE Financial Index advanced by 1.37 points to settle at 95.97.
Trading ended with 40 securities changing hands with the prices of 24 stocks rising, the prices of nine declining and seven remaining unchanged and the average PE Ratio of the market ended at 15.2 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 13,543,115 shares for $51,906,344 compared to 11,753,324 units at $69,988,700 on Thursday.
Transjamaican Highway led trading with 10.67 million shares for 79 percent of total volume, followed by Wigton Windfarm with 876,134 units for 6.5 percent of the day’s trade and QWI Investments with 509,652 units for 3.8 percent market share.
An average of 338,578 units traded for the day at $1,297,659 for each security, in comparison to an average of 293,833 shares at $1,749,718 on Thursday. An average of 374,929 units traded for the month to date at $2,445,605 for each security that traded, in contrast to 376,532 units at $2,496,231. Trading month to date compares adversely to June that ended with an average of 818,748 units at $7,498,308.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows 13 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Caribbean Cement advanced $2.07 to settle at $48 while exchanging 105,977 stock units, but the stock ended with the offer of 1,986 shares at $45.90. Eppley Caribbean Property Fund gained 70 cents in closing at $47, with investors switching ownership of 28,926 stocks. Jamaica Broilers Group climbed $2.50 to end at $25.50 with investors swapping 264,548 shares, Jamaica Producers Group added $1.20 to close at $23.70 with the trading of 6,933 stocks, Jamaica Stock Exchange rose by $1.49 to $23.49, with 43,796 stock units crossing the exchange. JMMB Group climbed 80 cents in ending at $31.80, with an exchange of 197,295 stocks, Kingston Wharves fell $2, to $51, with an exchange of 60 stock units, Mayberry Jamaican Equities rallied 70 cents to end at $8.75 in a transfer of 25,566 shares. NCB Financial increased $2.50 to close at $138.50, with 12,621 stocks crossing the market, 138 Student Living carved out a loss 84 cents to settle at $6.04 with an exchange of 3,397 shares. PanJam Investment dropped 94 cents to end at $66.06, in finishing trading of 553 stock units, Sagicor Group rose 99 cents to end at $42.99 in exchanging 9,421 shares, Scotia Group increased $3.49 to $46.49 trading 55,656 units, Supreme Ventures gained 50 cents in ending at $15, with investors switching ownership of 24,033 units and Sygnus Credit Investments declined by 50 cents to close at $15.87 in an exchange of 13,780 shares.
In the preference shares segment of the market, Productive Business Solutions 9.75% advanced by $3 to close at $107, with 10,899 shares passing through 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, Daily Trading, Emerging markets, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, 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, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Junior Market closes in on 2,600 mark

July 31, 2020 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange ended trading on Friday, with the market rising after slightly more stocks rose than declined, after investors exchanged 83 percent more shares, valued 185 higher than on Thursday.
Trading ended with 32 securities changing hands, similar to Thursday and ended with the prices of 10 stocks rising, eight declining and 14 with prices remaining unchanged. At the close, the Junior Market Index increased 25.76 points to settle at 2,590.03, and the average PE Ratio of the market ended at 10.7 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 2,937,362 shares for $11,279,065 compared to 1,607,258 units at $3,954,220 on Thursday.
Mailpac Group led trading with 850,762 shares for 29 percent of total volume followed by Limners and Bards with 344,149 units for 11.7 percent of the day’s trade and Caribbean Cream with 306,317 units for 10.4 percent market share.
An average of 91,793 units changed hands at $352,471, in contrast to an average of 50,227 shares at $123,569 on Thursday. An average of 249,987 units at $688,727 for the month to date, in comparison to 257,292 units at $701,029. Trading in June resulted in an average of 245,049 units at $689,955 trading.
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, Access Financial jumped by $2.55 to end at $26.05 while exchanging 33,539 stock units, AMG Packaging carved out a gain of 10 cents to settle at $1.73 trading ten stocks, Cargo Handlers advanced 99 cents to close at $7.39, with 7,784 stock units clearing the market. Caribbean Assurance Brokers added 1 cent in ending at $2.25 with an exchange of 2,250 shares, Caribbean Cream gained 15 cents to settle at $4 after exchanging 306,317 stock units, Dolphin Cove fell 5 cents to end at $7.45 after trading ten shares. Everything Fresh dropped 4 cents to settle at 75 cents in an exchange of 173,531 stock units; Express Catering lost 1 cent to settle at $4.06, finishing, with 2,250 shares changing hands, Fosrich advanced by 9 cents to $3.89 in an exchange of 280,701 stock units. General Accident fell 1 cent to close at $7.04, with 500 stocks passing through the market; Honey Bun lost 9 cents to end at $5.30 after 7,700 units crossed the market, Iron Rock Insurance dropped 80 cents to close at $3, with 3,636 stocks changing hands. Jamaican Teas fell 6 cents to close at $4.89 in an exchange of 29,780 shares, Knutsford Express advanced by 90 cents to settle at $7.90 trading 266,086 units, Limners and Bards gained 29 cents to end at $2.80 in exchanging 344,149 shares. Mailpac Group rose 5 cents to close at $2.15 850,762 shares changing hands, Medical Disposables added 1 cent to settle at $5 in exchanging 84,753 stock units and tTech fell 60 cents to $6.70 trading 160,923 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, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, 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, Limners and Bards, Medical Disposables, Stationery and Office, Trading Activity, tTech

Increased volume for JSE USD market

July 31, 2020 by IC Insider.com

The US dollar market of the Jamaica Stock Exchange closed trading on Friday, with the market rising after investors traded 19 times more shares than on Thursday and ten times the value.
At the close of the market, trading ended with three securities changing hands with the prices of one stock rising and two declining. Margaritaville closed at a 52 weeks’ low at the lowest price since early 2018.
The JSE USD Equities Index climbed 2.38 points to settle at 186.15, and the average PE Ratio of the market ended at 12.8 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 704,435 shares, accounting for US$124,817 compared to 36,996 units at US$12,069 on Thursday. An average of 234,812 units traded at US$41,606 on Friday, for each security, in contrast to an average of 6,166 at US$2,011 on Thursday. Trading ended with an average of 133,150 units for the month to date at US$18,282 in contrast to 130,160 units at US$17,596. By comparison, June ended with an average of 281,680 units for US$46,787.
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 closing with a lower offer.
At the close of the market, Margaritaville dropped by 2.3 US cents in closing at a 52 weeks’ low of 13.75 US cents with 100 stocks crossing the market. Proven Investments lost 0.045 of a cent and closed at 22.5 US cents in an exchange of 535,644 units and Transjamaican Highway added a fraction of a cent to at 0.98 US cent, and closing with 168,691 units changing hands.