JSE Main Market stretches gains into May

JSE Main market stocks climbed higher at the close on Friday on top of substantial gains on Wednesday and a more moderate increase on Thursday as advancing stocks were marginally less than declining ones.
At the close of trading, the JSE All Jamaican Composite Index advanced by 1,102.78 points to 400,497.50, the JSE Market Index climbed 1,083.49 points to 365,129.45 and the JSE Financial Index added 0.04 points to 98.01.
The market closed with 44 securities changing hands in the Main and US dollar markets with prices of 16 stocks advancing, 17 declining and 11 securities trading firm. Main Market activity ended with 41 securities accounting for 6,350,098 units valued at $68,445,442, in contrast to 79,915,162 units valued at $130,493,189 from 41 securities on Thursday.
Wigton Windfarm led trading with 1.5 million shares for 23.3 percent of total volume followed by Trans Jamaican Highway with 1.1 million units for 17.6 percent of the day’s trade and Supreme Ventures with 583,782 units for 9.2 percent of the market’s volume.
The Market closed with an average of 154,880 units at $1,669,401 for each security traded, in contrast to 1,949,150 units valued at an average of $3,182,761 on Thursday. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
IC bid-offer Indicator At the end of trading, the Investor’s Choice bid-offer indicator reading shows eleven stocks ending with bids higher than their last selling prices and eight stocks closing with lower offers. The PE ratio of the market ended at 14, while the Main Market ended at 14.2 times 2020-21 earnings.
In the Main Market, Barita Investments shed 40 cents and closed at $53.45, with an exchange of 2,367 units, Berger Paints closed 50 cents lower to $13, in trading 2,000 units, Eppley climbed $1.50, with a transfer of 1,030 units at $15. Eppley Caribbean Property Fund lost 50 cents to end at $35.50, after swapping 1,070 units, Jamaica Producers gained 43 cents to settle at $18.93, in transferring 16,450 stock units, Jamaica Stock Exchange fell $1.40 to $21.60, after exchanging 1,819 units. JMMB Group declined to $33, with a loss of 99 cents trading 360,765 shares, Mayberry Jamaican Equities closed $1.60 lower to $8.20 trading 4,411 units, NCB Financial Group closed at $145, with gains of $2 after swapping 85,918 shares. PanJam Investment gained 60 cents to close at $77, with 56,155 shares changing hands, Proven Investments shed 99 cents with a transfer of a mere 20 units and closed at $36.01, Sagicor Real Estate Fund gained 64 cents to settle at $7.75, in swapping 10,864 stock units. Scotia Group closed 50 cents higher at $44, in trading 56,801 shares and Supreme Ventures gained 90 cents to end at $15.90, trading 583,782 shares.

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

Junior Market holds Fridays’ gains

The Junior Market of the Jamaica Stock Exchange finally broke the stranglehold that kept it from rising above previous days’ close for the past three trading days to close on Friday with gains of 26.02 points in the market index at 2433.44 after trading as high as 2,478.48 points in Friday’s early session.
Trading on the concluded with 33 securities changing hands, resulting in an exchange of 6,671,271 units valued at $14,495,961, compared to 5,285,092 units valued at $16,777,095 on Thursday.
At the close of market activities, the prices of 15 securities advanced, 13 declined and five remained unchanged. The market’s PE ratio closed at 8.7 times 2020-21 earnings.
Trading ended with an average of 202,160 units for $439,272 for each security, in contrast to 165,159 units at an average of $524,284 on Thursday. In contrast, April closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Access Financial Services gained 1 cent to end at $25.99, trading 90 shares, AMG Packaging closed trading of 5,057 units and gained 10 cents to end at $1.75, Blue Power closed 35 cents higher at $3.75, with an exchange of 26,362 stock units. Caribbean Assurance Brokers traded 88,627 shares, losing 8 cents and closed at $2.20, Caribbean Cream climbed 15 cents and exchanged 1,376,796 shares at $2.15, Caribbean Flavours closed with a loss of 98 cents at $9, after hitting a 52 weeks’ intraday low of $8 in swapping 5,633 shares. Caribbean Producers shed 20 cents in transferring 1,082,082 units at $2.50, Consolidated Bakeries lost 25 cents trading of 2,500 units at $1.51, Derrimon Trading shed 19 cents in exchanging 99,326 shares at $2.01, Elite Diagnostic closed 15 cents lower in trading of 14,617 units at $3.55. Everything Fresh closed 2 cents higher at 80 cents, with 28,697 stock units changing hands, Express Catering gained 10 cents to settle at $3.35, with 29,227 stock units traded, Fontana dipped 6 cents in trading of 246,424 units at $5.28. Fosrich lost 11 cents in an exchange of 1,102 units at $3.89, GWest Corporation ended with a loss of 1 cent at 88 cents with 16,863 stock units changing hands, Honey Bun closed with 137,950 units crossing the exchange and gained 31 cents, to end at $5.80. Indies Pharma closed with 4,940 units trading and gained 4 cents to end at $2.40, Iron Rock Insurance closed 5 cents higher at $2.10, with 100,000 stock units trading, Jamaican Teas ended market activity transferring 204,425 shares to close at $4.02, after falling 2 cents. Jetcon Corporation shed 16 cents in exchanging 21,867 units to close at a 52 weeks’ low of 86 cents after hitting a low of 80 cents during trading, Lasco Distributors closed trading of 254,571 units and rose 13 cents to settle at $2.98, Lasco Manufacturing declined by 13 cents in transferring of 16,117 units at $3.67. Limners and Bards climbed 9 cents and exchanged 4,000 shares at $1.95, Lumber Depot ended trading with 646,793 shares, after rising 3 cents to end at $1.15, Main Event closed trading of 746 units and gained 6 cents to end at $3.87. Medical Disposables declined 46 cents to settle at $5.99, Stationery and Office Supplies closed trading of 5,000 units and gained 25 cents to end at $6.30 and SSL Venture closed with 12,841 units exchanged and gained 2 cents to close at 92 cents.

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

Modest JSE US dollar trades – Friday

Trading on the Jamaica Stock Exchange US dollar market on Friday fell well below Thursday’s level with just three securities changing hands with sharply reduced volume and value.
Market activity resulted in three securities changing hands, with the price of one stock falling, none declining and two left unchanged. Investors exchanged just 36,380 units valued at a mere $5,752, in contrast to 1,628,728 units valued at $25,369.32 on Thursday.
At the close, the market index gained 2.53 points to close at 196.84 and the PE ratio of the market ended with an average of 13.1 times 2020 earnings.
In trading, First Rock Capital rose 1 US cent after exchanging 221 shares at 9 US cents, Proven Investments ended trading 23,330 shares at 24 US cents and Trans Jamaican Highway shed 0.05 of a cent at 1 US cent in exchanging 12,829 shares.
The market closed without any trading activity in the US dollar preference segment.

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

JSE Main Market ends April on a high

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The Jamaica Stock Exchange Main Market closed on Thursday and April positively with advances on the Composite, JSE Market and Financial Indices. The market closed 16,708.18 points down on the March close, with Bank of Jamaica’s suspension of banking dividends, knocking 19,422.69 points off the All Jamaican Composite Index.
At the close, the JSE All Jamaican Composite Index increased 1,822.62 points to 399,394.72, the JSE Market Index gained 1,640.98 points to close at 364,045.96 and the JSE Financial Index rose 0.61 points to 97.97.
The market closed with 45 securities changing hands in the Main and US dollar markets with prices of 23 stocks advancing, 11 declining and 11 trading firm. The JSE Main Market activity ended with 41 securities accounting for 79,915,162 units valued at $130,493,189 in contrast to 7,206,423 units valued at $124,023,333 from 37 securities on Tuesday.
Wigton Windfarm led trading with 60 million shares for 75 percent of total volume followed by Trans Jamaican Highway, with 17 million units, for 21 percent of the day’s trade and Sagicor Select Financial Fund with 752,103 for one percent market share.
The Market closed with an average of 1,949,150 units valued $3,182,761 for each security traded, in contrast to 194,768 units valued at an average of $3,351,979 on Wednesday. The average volume and value for the month to date amount to 1,077,021 units valued at $3,829,201 for each security changing hands, compared to 1,033,414 units valued at $3,863,268 previously. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator At the end of trading, the Investor’s Choice bid-offer indicator reading shows eleven stocks ending with bids higher than their last selling prices and seven stocks closing with lower offers. The PE ratio of the market ended at 14, while the Main Market ended at 14.3 times 2020-21 earnings.
In the Main Market, Barita advanced 85 cents to finish at $53.85 with a transfer of 2,750 stock units, Caribbean Cement closed 99 cents lower at $45 with an exchange of 113,500 units, Cigarette distributors, Carreras rose 20 cents to end at $6.50 in trading 95,773 units. Eppley gained 50 cents to end at $13.50 after exchanging 4,885 units, Grace Kennedy jumped $1.80 in swapping 157,328 units to end at $57, Jamaica Producers added 50 cents to settle at $18.50, with 104,351 shares changing hands. Jamaica Stock Exchange gained $2.20 to end at $23 after trading 418,016 units, Key Insurance jumped 50 cents, pushing it to a record high to $7, with a transfer of 14,750 stock units. Mayberry Equities climbed $1.30 to $9.80 trading 12,100 units, MPC Caribbean Clean Energy dropped $2 to $147 after just 261 units crossed through the exchange. NCB Financial Group shed $3 in closing at $143, trading 56,094 shares, PanJam Investment closed $1.40 higher at $76.40, in exchanging 243,133 stock units, Proven Investments gained $1.90 to finish at $37, with 2,385 stock units changing hands. Sagicor Real Estate Fund lost 64 cents exchanging 20,018 units to settle at $7.11, Salada Foods climbed $2.50 to $28.50 after trading 1,900 units, Scotia Group rose $2.50 to $43.50, after transferring 54,471 stock units. Seprod picked up $1.50 to close at $45, in trading 13,743 shares and Wisynco Group lost 54 cents to end at $17.36, with 48,127 units crossing the exchange.

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

Trading picks up for JSE US dollar market

Volume picked up sharply for the second day in trading on the Jamaica Stock Exchange US dollar market on Thursday to be well ahead of the improved level on Wednesday.
Market activity resulted in four securities changing hands, with two stocks rising, with none declining and two left unchanged. Investors exchanged 1,628,728 units valued at $25,369, in contrast to just 990,048 units valued at $72,533 on Wednesday.
At the close, the market index gained 5.34 points to close at 194.31 and the PE ratio of the market ended with an average of 13 times 2020 earnings.
In trading, Margaritaville rose 1 US cent after exchanging 1,940 shares at 19 US cents, Proven Investments ended trading 34,758 shares at 24 US cents. Sygnus Credit Investments closed at 12.8 US cents in transferring 5,400 units and Trans Jamaican Highway inched higher by 0.14 of a cent at 1.05 US cents in exchanging 1,586,630 shares.
There was no trading in the US dollar preference segment of the market.

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

Junior Market gave up 61.5 points by close

The Junior Market of the Jamaica Stock Exchange failed to hold on to its early gains that saw the market index rising 61.5 points to 2,477.08 in the morning session on Thursday, and finished the day with a decline of 8.16 points to close at 2,407.42 after rising 103 points for April.  

Junior Market trades

The market close with 32 securities changing hands, resulting in an exchange of 5,285,092 units for $16,777,095, compared to 3,721,917 units valued at $8,632,508 on Wednesday.
At the close of market activities, the prices of 17 securities advanced, 12 declined and three remained unchanged leading the Junior Market
Trading ended with an average of 165,159 units at $524,284 for each security traded, in contrast to 112,785 units, for an average of $261,591 on Wednesday. The average volume and value for the month to date amounts to units 447,863 valued at $1,028,076 and previously 462,965 units valued at $1,054,990. In contrast, March closed with an average of 226,230 units valued at $542,563 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows seven stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of the market, Access Financial climbed $1.48 to settle at $25.98 with 1,000 shares changing hands, Blue Power decline 45 cents in trading of 7,560 units at $3.40, Caribbean Cream dipped 15 cents in trading of 999,791 units at $2. Caribbean Producers fell by 6 cents to settle at $2.70, Consolidated Bakeries climbed 4 cents and exchanged 500 shares at $1.76, Derrimon Trading closed trading of 1,000 units and gained 21 cents to end at $2.20. Dolphin Cove closed trading of 123 units and gained 22 cents to end at $7.22, Elite Diagnostic climbed 10 cents and exchanged 4,000 shares at $3.70, Everything Fresh ended trading with 100 shares, after rising 11 cents to end at 78 cents. Express Catering closed 15 cents higher at $3.25, with 2,759 stock units changing hands, Fontana closed 4 cents higher at $5.34, with 145,155 stock units trading, Fosrich closed 6 cents higher at $4, with 151,000 stock units crossing the exchange. General Accident dipped 41 cents in trading of 1,893,851 units at $4.49, GWest Corporation closed trading of 27,004 units and gained 1 cent to end at $0.89, Honey Bun ended trading with 73,032 shares, after rising 9 cents to end at $5.49. iCreate ended trading with 1,200 shares, after rising 4 cents to end at 46 cents, Indies Pharma added 1 cent and exchanged 26,749 shares at $2.36, Jamaican Teas ended market activity exchanging 129,520 shares to close at $4.04 after falling 4 cents. Knutsford Express ended trading with 1,450 shares, after rising 7 cents to end at $8.50, Lasco Distributors fell 12 cents in trading of 93,450 units at $2.85, Lasco Financial lost 5 cents in trading 118,782 shares to close at 2.70 cents. Limners and Bards lost 7 cents in trading of 41,463 units at $1.86, Lumber Depot declined 4 cents in trading of 257,140 units at $1.12, Mailpac Group lost 2 cents in trading of 299,127 units at $1.68. Medical Disposables fell 3 cents in trading 103,945 units at $6.45, SSL Venture exchanged 200 units and gained 16 cents to end at 90 cents, Stationery and Office Supplies closed trading of 34,800 units and rose 5 cents to end at $6.05 and tTech fell 49 cents with 500 units changing hands at $3.71.

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

Trinidad stocks slip on Thursday

Price movements on the Trinidad and Tobago Stock Exchange were mostly down at the close of trading on Thursday with only nine stocks trading, down from 19 previously, leading to declines in the All T&T and the Composite Indices.
The T&T Composite Index slid 1.61 points to 1,266.66. The All T&T Index fell by 3.58 points to 1,671.39, while the Cross Listed Index gained 0.05 points to close at 116.63.
The market closed with two stocks rising, three declining and four unchanged. Investors exchanged 401,232 shares valued at $7,514,006 compared to 206,791 shares for $4,236,844 on Wednesday.
IC bid-offer Indicator The Investor’s Choice bid-offer indicator ended with the bids of five stocks higher than their last selling prices and three with lower offers.
Gainers│ Clico Investments climbed $2.50 to $25 trading 186,143 shares and JMMB Group picked up 2 cents to end the day at $1.95, with 975 units crossing the market.
Losers│ Grace Kennedy lost 1 cent transferring 150,000 shares to finish at $2.85, Trinidad & Tobago NGL closed at $16.89, after losing 1 cent in trading 6,359 stock units and West Indian Tobacco ended at $30.89, with a loss of $3.11 after exchanging 50,000 shares.
Firm Trades│ NCB Financial traded 637 units at $8, One Caribbean Media exchanged 400 units at $6.50, Republic Financial Holdings remained at $132.65, after transferring 6,073 stock units and Trinidad Cement closed at $1.90, with 645 units changing hands.

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

Junior Market rally fades at close – Wednesday

The Junior Market made strong early gains in trading on Wednesday, but as the market moved towards the close, the increase started to slowly evaporate with the index giving up all the rise to close down a mere 0.42 points to end at 2,415.58.
Trading concluded with 33 securities changing hands, resulting in an exchange of 3,721,917 units valued at $8,632,508 compared to 12,280,544 units valued at $26,562,508 from 29 securities on Tuesday. Market activities ended with the prices of 12 securities rising, 19 declining and two holding firm. The average PE ratio of the Junior Market ended at 8.8 based on 2020-21 earnings.
The day ended with an average of 112,785 units at $261,591 for each security traded, in contrast to 423,467 units, for an average of $915,949 on Tuesday. The average volume and value for the month to date amounts to 462,965 units valued at $1,054,990 and previously 483,382 units valued at $1,101,248. In contrast, March closed with an average of 226,230 units valued at $542,563 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows five stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, AMG Packaging dropped 15 cents in the trading of 484 units at $1.65, Blue Power gained 10 cents and exchanged 30,200 units to settle at $3.85, Caribbean Assurance Brokers finished 6 cents lower at $2.19 with 15,673 units changing hands. Caribbean Cream fell 12 cents to $2.15 in the exchange of 478,724 shares, Caribbean Flavours slipped 2 cents after swapping 3,000 units to settle at $9.98, Caribbean Producers finished at $2.76 after climbing 24 cents with 574,589 units traded. Consolidated Bakeries ended 3 cents lower at $1.72 with 3,000 shares traded, Derrimon Trading added 4 cents in the exchange of 1,100 units to close at $1.99, Dolphin Cove shed 50 cents to close at $7 with 3,454 shares changing hands. Elite Diagnostic dropped 15 cents to $3.60 in the trading of 900 units, Everything Fresh swapped 113,549 shares and lost 5 cents to end at 67 cents, Express Catering fell 20 cents trading 99,779 stock units to close at $3.10. Fontana gained 1 cent to finish at $5.30 with an exchange of 63,656 units, Fosrich settled at $3.94 after slipping 1 cent and trading 1,000 shares, General Accident closed trading 8 cents lower at $4.90 with 347,579 units changing hands. Honey Bun gained 5 cents to close at $5.40 with 5,166 stock units trading, iCreate ended 3 cents lower at 42 cents with 162,858 stock units crossing the exchange, Indies Pharma gained 5 cents and swapped 5,306 units to end at $2.35. Jetcon Corporation added 2 cents to close at $1.02 with 20,300 shares changing hands, KLE Group finished 5 cents higher at $1.65 with an exchange of 6,000 units, Knutsford Express closed trading of 3,445 units and dropped 56 cents to end at $8.43. Lasco Distributors picked up 2 cents in exchanging 1,103 shares to close at $2.97, Lasco Financial finished $2.75 after losing 17 cents in switching ownership of 42,023 units, Lasco Manufacturing fell 10 cents to $3.80 with 27,911 shares changing hands. Limners and Bards slipped 1 cent and exchanged 8,000 shares to end at $1.93, Lumber Depot closed 3 cents higher at $1.16 with 88,633 stock units trading, MailPac Group had another significant trading day with 1,472,605 units exchanged to settle at $1.70 after losing 6 cents. Main Event dropped $1.19 to end at $3.81 with 28,442 shares trading, Medical Disposables leaped 93 cents to $6.48 with 33,957 shares traded, SSL Venture slipped 1 cent and 120 shares switched ownership to end at 74 cents and tTech climbed 22 cents to $4.20 with 991 units crossing the exchange.

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

JSE Main Market month-end rally

The Jamaica Stock Exchange Main market closed ahead of the month-end on a positive note with the market index rising after NCB Financial Group put on $8 to recover some of its recent losses.

NCB Financial bounced $8 on Wednesday and helped to lift the JSE market index.

At the close, the JSE All Jamaican Composite Index 4,251.05 points to 397,572.10, the JSE Market Index dropped 3,892.00 points to close at 362,404.98 and the JSE Financial Index rose 1.87 points to 97.36.
The market closed with 44 securities changing hands in the Main and US dollar markets with prices of 12 stocks advancing, 22 declining and ten securities trading firm. The JSE Main Market activity ended with 37 securities accounting for 7,206,423 units valued at $124,023,333, in contrast to 96,137,935 units valued at $316,661,417 from 36 securities on Tuesday.
Trans Jamaican Highway led trading with 1.9 million shares for 26.5 percent of total volume followed by QWI Investments with 995,244 units for 13.8 percent of the day’s trade and Pulse Investments with 851,165 units for 12 percent market share.
The Market closed with an average of 194,768 units valued $3,351,979 for each security traded, in contrast to 2,670,498 units valued at an average of $8,796,150 on Tuesday. The average volume and value for the month to date amount to 1,033,414 units valued at $3,863,268 for each security changing hands, compared to 1,073,044 units valued at $3,888,297 for each security traded. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator At the end of trading, the Investor’s Choice bid-offer indicator reading shows eleven stocks ending with bids higher than their last selling prices and six stocks closing with lower offers. The PE ratio of the market ended at 13.8, while the Main Market ended at 14.1 times 2020-21 earnings.
In the Main Market, Caribbean Cement gained 99 cents to close at $45.99, with a transfer of 27,975 stock units, Eppley Caribbean Property Fund advanced by $2.99 to $36, in trading 808 units, First Rock Capital closed 75 cents lower to $11.25, after exchanging 11,226 units. Grace Kennedy fell $1.69 swapping 9,077 units to end at $55.20, Jamaica Broilers finished at $25, with a loss of $1.10 in transferring 275,520 shares, Jamaica Producers shed 75 cents to settle at $18, with 132,079 shares changing hands. Key Insurance raked in 95 cents to reach a record high of $6.50, with a transfer of 25,094 stock units, Mayberry Investments lost 30 cents trading 3,413 units and closed at $5.50, MPC Caribbean Clean Energy climbed $2 to $149, after swapping 420 units. NCB Financial Group recovered $8 of the recent losses to close at $146, trading 437,464 shares, PanJam Investment closed $1 lower at $75, in exchanging 317,961 shares, Proven Investments declined $2.40 to finish at $35.10, with 44,783 stock units changing hands. Scotia Group fell $2 to $41, after transferring 33,448 stock units, Seprod picked up $1.50 to close at $43.50, in trading 8,215 units and Stanley Motta gained 30 cents to end the day at $5, with 15,000 units crossing the exchange.

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

Trading picks up for JSE US dollar market

Volume picked up sharply in trading on the Jamaica Stock exchange US dollar market on Wednesday well up on the paltry levels on the previous two days when less than 30,000 shares changed hands.
Market activity resulted in seven securities changing hands, with one stock rising, four declining and two left unchanged. Investors exchanged 990,048 units valued at $72,533, in contrast to just 314,331 shares valued US$4,048 on Tuesday.
At the close, the market index gained 1.40 points to close at 188.97 and the PE ratio of the market ended with an average of 12.6 times 2020 earnings.
First Rock Capital lost 1 cent trading 8,301 units at 8 US cents, Margaritaville lost 2 US cents after exchanging 2,349 shares at 18 US cents, Proven Investments ended trading 270,393 shares at 24 US cents. Sygnus Credit Investments  Investments lost 1.2 cents to close at 12.8 US cents in transferring 100 units and Trans Jamaican Highway ended with a loss of 0.3 of a cent at 0.91 US cents in exchanging 708,835 shares.
In the US dollar preference segment of the market Eppley 5% rose by 2 cents trading 30 units to close at US$1 cents, JMMB Group 6% share traded 40 units at US$1.10.

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