Victoria Mutual Investments

Main market drops sharply again – Friday

January 12, 2018 by IC Insider.com

The Main market of the Jamaica Stock Exchange suffered another day of a sharp fall in the market indices in trading on Friday, with more prices rising and less falling than on Thursday.
The market closed with the JSE All Jamaican Composite Index dropping 2,510.74 points to 310,297.36 and the JSE Index dived 2,287.57 points to 282,715.97.
Main market activities ended with 5 stocks rising, 13 declining and 6 trading firm as 24 securities traded down from 26 securities on Thursday. Activity in the US dollar market ended with 1 security trading result in only 800 units exchanged, with a value of US$896 and the JSE US Equities Index closing unchanged at 173.43.
Victoria Mutual Investments and Wisynco Group continue to be dominant trades but with less than 1 million units trading on Friday combined versus 3.57 million units changing hands on Thursday.
Market activity ended with 3,151,082 units valued at $55,743,394 in contrast to as 5,110,001 units, with a value of $69,365,564 on Thursday.
The average trade ended at 137,004 units for an average of $2,423,626 in contrast to 196,539 units for an average of $2,667,906 on Thursday. The average volume and value for the month to date amounts to 297,178 units valued at 7,824,252 and previously 312,593 units valued at 8,410,169. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Activity in the US dollar market ended with 800 shares trading for JMMB Group 6 percent preference share at US$1.12.
The major movers at the close of the market are, JMMB Group trading 1.14 million shares, Wisynco closed trading 574,000 shares and Victoria Mutual Investments 403,000 units. Price changes saw Berger Paint rising $1 to $18, Kingston Wharves falling $1.85 to $31.15.

For more details of market activities see – VM Investments & Wisynco still in demand.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Caribbean Cement, Daily Trading, Emerging markets, Jamaica Stock Exchange, Jamaican stocks, Kingston Wharves, Trading Activity, Victoria Mutual Investments

10 JSE stocks fall 9 rise – Thursday

January 11, 2018 by IC Insider.com

Trading on the Main Market of the Jamaica Stock Exchange ended on Thursday with more prices rising and less falling than on Wednesday leading to the JSE All Jamaican Composite Index dropping 2,332.02 points to 312,808.10 and the JSE Index dived 2,124.73 points to 285,003.54.
Main market activities ended with 8 stocks advanced, 10 declined and 8 traded firm as 26 securities traded down from 27 securities on Wednesday. Overall, trading resulted in 5,110,001 units exchanged with a value of $69,365,564 compared with 4,274,854 shares valued at $51,868,008 previously. Activity in the US dollar market ended with 2 securities trading result in 52,073 units exchanged, with a value of US$22,111.

Wisynco producers of Wata, traded 2.47 million shares on Thursday.

Victoria Mutual Investments and Wisynco Group continue to dominate trading with 3.57 million units changing hands versus 3.14 million on Wednesday.
The average trade ended at 196,539 units for $2,667,906, in contrast to 158,328 units for an average of $1,921,037 on Wednesday. The average volume and value for the month to date amounts to 312,593 units valued at 8,410,169 and previously 326,759 units valued at $9,212,851. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 4 with lower offers.
Activity in the US dollar market ended with Productivity Business closing at 55 cents with 31,673 shares traded and Proven Investments ordinary share exchanging 20,400 units with a rise of 1 cent to close at 23 US cents. The JSE US Equities Index closed up 3.69 points at 173.43.
The major movers at the close of the market are, Wisynco closed trading with 2.47 million shares with the price ending $10. Victoria Mutual Investments that was one of the leading volume trader for a number of days still remained in the number 2 spot with 1.1 million shares. Caribbean Cement dropped $1.95 to $32.05, Proven Investments ordinary share traded in Jamaica market at $26, up $1.

For more details of market activities see – Investors still love VM Investments & Wisynco.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Caribbean Cement, Daily Trading, Emerging markets, Jamaica Stock Exchange, Jamaican stocks, Trading Activity, Victoria Mutual Investments

VM Investments & Wisynco dominate again

January 10, 2018 by IC Insider.com

VM Investments volume falls, still number 2.

Investors’ appetite for the recently listed Victoria Mutual Investments and Wisynco Group fell on Wednesday in trading on Jamaica Stock Exchange with the prices declining by the close, but the stocks still dominated trading with the highest volume in the market.
At the close of trading, the JSE All Jamaican Composite Index advanced 760.62 points to 315,140.12 and the JSE Index climbed 693.01 points to 287,128.27 in spite of a negative advance decline ratio.
Market activity ended with 25 securities changing hands, of which 5 advanced, 18 declined, 4 traded firm. A total of 4,274,854 units valued at $51,868,008 traded on Wednesday.
In the main market activity, Barita Investments ended 7 cents higher at $8.66, with 4,351 stock units, Berger Paints closed with a loss of 20 cents at $17.80, with 415 shares, Cable & Wireless concluded trading 4 cents higher at $1.35, with 247,619 units, Carreras finished at $11.30, with 139,489 shares, Caribbean Cement settled with a loss of 1 cent at $34, with 13,524 shares. Grace Kennedy traded with a loss of 50 cents at $43, with 20,083 units, Jamaica Broilers finished trading with a loss of 10 cents at $17.90, with 5,148 shares, Jamaica Producers closed with a loss of 10 cents at $16.60, with 3,030 shares, Jamaica Stock Exchange ended at $7, with 161,816 stock units. JMMB Group concluded trading at $25, with 19,159 units, Kingston Wharves settled with a loss of 99 cents at $33, with 21,185 shares, Mayberry Investments ended trading with a loss of 20 cents at $7.20, with 31,959 stock units, NCB Financial Group traded with a loss of 17 cents at $99.63, with 90,780 units. 1834 Investments finished trading with a loss of 13 cents at $1.28, with 800 shares, Student Living concluded trading with a loss of 8 cents at $6, with 1,000 units. PanJam Investment ended with a loss of 50 cents at $41, with 73,255 stock units, Portland JSX concluded trading with a loss of 25 cents at $10.75, with 2,000 units, Pulse Investments finished with a loss of 20 cents at $2, with 53,218 shares. Radio Jamaica settled with a loss of 2 cents at $1.08, with 42,122 shares, Sagicor Group ended trading 51 cents higher at $36, with 81,110 stock units, Scotia Group finished trading $1.31 higher at $51.41, with 55,140 shares, Seprod concluded trading with a loss of 5 cents at $29.95, with 3,590 units. Supreme Ventures settled with a loss of 1 cent at $11.99, with 48,975 shares, VM Investments Limited ended trading with a loss of 7 cents at $3.91, with 704,278 stock units, Wisynco Group traded with a loss of 20 cents at $10, with 2,440,080 units and Sagicor Real Estate Fund finished trading 10 cents higher at $14.60, with 10,628 shares. In the main market preference segment, 138 Student Living variable rate shares finished at $5.68, with 100 shares trading.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “20 JSE stocks fell 5 rise – Wednesday.”

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB, JMMB Group, Mayberry Investments, NCB Financial Group, PANJAM Investment, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Supreme Ventures, Trading Activity, Victoria Mutual Investments, Wisynco

20 JSE stocks fell 5 rise – Wednesday

January 10, 2018 by IC Insider.com

Add your HTML code here...

Trading on the Main Market of the Jamaica Stock Exchange ended on Wednesday with the JSE All Jamaican Composite Index advancing by 760.62 points to 315,140.12 and the JSE Index advanced by 693.01 points to close at 287,128.27 as 5 advanced, 18 declined and 4 traded firm.
Market activity ended with 27 securities changing hands, with 4,274,854 units valued at $51,868,008 compared to 9,412,814 units valued at $83,130,402 from 25 securities on Tuesday.
Market activity ended with 158,328 units for an average of $1,921,037 in contrast to 376,513 units for an average of $3,325,216 on Tuesday. The average volume and value for the month to date amounts to 326,759 units valued at $9,212,851 and previously 351,208 units valued at $10,451,084. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 5 with lower offers.
Activity in the US dollar market ended with Productivity Business closing with a loss of 2 cents at 55 cents with 1,500 shares traded and Proven Investments ordinary share, exchanging 2,530 units with a fall of 1 cent to close at 22 US cents, the total value of trading amounted to US$1,387. The JSE US Equities Index closed down 5.30 points at 169.74.
The major movers at the close of the market are, Wisynco closed trading with 2.44 million shares with the price ending $10, having retreated from a high of $13.80 shortly after trading. Caribbean Cement dropped $1 to $34, Kingston Wharves lost 99 cents to $33, Scotia Group gained $1.31 to $51.41. Victoria Mutual Investments that was one of the leading volume trader for a number of days still remained in the number 2 spot with 704,000 shares, down from well over 1 million units per day. The price of the two new listed companies have eased as demand abates and selling continues.

For more details of market activities see – VM Investments & Wisynco dominate again .

Advancing stocks 2 to 1 over decliners – Tuesday

January 9, 2018 by IC Insider.com

Wisynco traded 4.99m shares on Tuesday

Trading on the Main Market of the Jamaica Stock Exchange on Tuesday ended with a slight dip in the market indices even as advancing stocks beat declining ones just over a 2 to 1 ratio. Volume traded increased 27 percent but with 59 percent less value.
At the close, a $2.90 fall in the price of Scotia Group shares weighted down the indices, as the All Jamaican Composite Index slipped by 75.69 points to 314,379.50 and the JSE Index eased 68.97 points to close at 286,435.26.
Market activity ended with 25 securities changing hands, 11 advanced, 5 declined and 9 traded firm with 9,412,814 units valued at $83,130,402 compared to 7,415,575 units valued at $202,124,322 on from 27 securities on Monday.
Trading ended with an average of 376,513 units for an average of $3,325,216 in contrast to 264,842 units for an average of $7,218,726 on Monday. The average volume and value for the month to date amounts to 351,208 units valued at $10,451,084 and previously 417,253 units valued at $14,616,592. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 7 with lower offers.
Trading in the US dollar market ended with Proven Investments ordinary share exchanging 7,200 units with a rise of 1 cent to close at 23 US cents with a value of US$1,652. The JSE US Equities Index closed at 175.04, down 0.14 points.
The major movers at the close of the market are, Victoria Mutual Investments and Wisynco continue to dominate trading with 2 million shares and 4.99 million shares respectively. Caribbean Cement jumped $1.38 to $35, Kingston Wharves rose 99 cents to $33.99, Mayberry Investments climbed 61 cents to $7.40 for a 52 weeks’ high, PanJam Investment climbed $1.50 to close at $41.50, Scotia Group dropped $2.90 to $50.10.

For more details of market activities see – VM Investments & Wisynco still dominant – Tuesday.

JSE major indices drop sharply – Monday

January 8, 2018 by IC Insider.com

Trading on the Main Market of the Jamaica Stock Exchange on Monday ended with the JSE All Jamaican Composite Index dropping 1,847.64 points to 314,455.19 and the JSE Index falling by 1,683.41 points to 286,504.23 as 10 stocks advanced, 12 declined and 5 traded firm.
Market activity ended with 7,415,575 units valued at $202,124,322 trading from 28 securities changing hands, compared to 8,660,030 units valued at $83,892,685 from 27 securities on Friday.
Trading ended with an average of 264,842 units for an average of $7,218,726 in contrast to 320,742 units for an average of $3,107,136 on Friday. The average volume and value for the month to date amounts to 417,253 units valued at $14,616,592 and previously 457,513 units valued at $12,985,543. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 5 with lower offers.
Trading in the US dollar market ended with JMMB Group 6% preference share exchanging 700 units with a rise of 5 cents to close at US$1.17 with a value of US$819. The JSE US Equities Index closed unchanged at 175.18.
The major movers at the close of the market are, NCB Financial Group closed at $99, with 1,500,810 shares trading ahead of an announcement by the end of the week that they have acquired the majority of shares in Guardian Holdings. Victoria Mutual Investments, closed trading with 2.4 million shares with the price ending $4 and recently listed Wisynco, traded 2.7 million shares closing at $10.39. Caribbean Cement jumped $1.62 to $33.62, Kingston Wharves lost 99 cents to $33, Mayberry Investments climbed 69 cents to $6.79, PanJam Investment lost $2 to close at $40, Scotia Group gained $1 to $53 and Seprod fell $1 to end at $30.

For more details of market activities see – New listings dominate trading – Monday.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Caribbean Cement, Daily Trading, Emerging markets, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Investments, Salada Foods, Scotia Group, Trading Activity, Victoria Mutual Investments

Main market retreats moderately

January 5, 2018 by IC Insider.com

In trading on the Jamaica Stock Exchange on Friday the JSE All Jamaican Composite Index declined by 585.03 points to 316,302.83 and the JSE Index fell 533.03 points to close at 288,187.64 with 27 securities changing hands, of which 12 advanced, 6 declined and 9 traded firm.
Amongst stocks that declined are the two newly listed companies that fell with multi-million shares exchanged in each case.
Trading on the Main Market ended with 8,660,030 units valued at $83,892,685 compared to 19,253,045 units valued at $1,098,475,593 from 24 securities changing hands on Thursday.
Trading ended with an average of 320,742 units for an average of $3,107,136 in contrast to 802,210 units for an average of $45,769,816 on Thursday. The average volume and value for the month to date amounts to 457,513 units valued at $12,985,543 and previously 504,258 with a value of $16,361,708. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Trading in the US dollar market ended with Productivity Business exchanging 1,759 units with a loss of 0.5 cent to close at 57 cents with a value of US$9,436. The JSE US Equities Index closed unchanged at 175.18.
The major movers at the close of the market are, Jamaica Broilers with 1,219,377 shares trading at $18 at the close, Victoria Mutual Investments, closed trading with 3.6 million shares with the price ending $4.07 and recent listed Wisynco traded 2.7 million shares closing at $10.80. Caribbean Cement dropped $3.50 to $32, Kingston Wharves jumped $2.98 to $33.99, PanJam Investment rose $1.50 to $42, Portland JSX jumped $1.05 higher at $11, Salada Foods ended with a loss of $2 at $11 and Scotia Group gained $1 to $52.

For more details of market activities see – New listings retreat on Friday.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Caribbean Cement, Daily Trading, Emerging markets, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, PANJAM Investment, Portland JSX, Productivity Business Solutions, Salada Foods, Scotia Group, Trading Activity, Victoria Mutual Investments

NCB in big trade on Jamaican stock market

January 4, 2018 by IC Insider.com

NCB Financial traded more than 10m shares.

NCB Financial accounted for more than half of the shares on the Main Market of the Jamaica Stock Exchange on Thursday with 10 million units leading to 19,253,045 units valued at $1,098,475,593 passed through the market, compared to 9,357,015 units valued at $91,768,857 on Wednesday.
The Jamaica Stock Exchange All Jamaican Composite Index declined by 70.24 points to close at 316,887.86 and the JSE Index declined by 64.00 points to close at 288,720.67.
Market activity ended with 24 securities changing hands, up from 29 on Wednesday as 10 advanced, 11 declined and 4 traded firm.
Trading ended with an average of 802,210 units for an average of $45,769,816 in contrast to 322,656 units for an average of $3,164,443 on Wednesday. The average volume and value for the month to date amounts to 504,258 with a value of $16,361,708. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Trading in the US dollar market ended with Proven Investments exchanging 511,100 units with a rise of 1 cent to close at 22 cents with a value of US$117,453. The JSE USD Equities Index rose 0.14 points to end at 175.18.
The major movers at the close of the market other than NCB Financial are, Radio Jamaica with 1.3 million shares trading at $1.05 at the close, Victoria Mutual Investments, closed trading with 2.96 million shares with the price closing $4.40 and recent listed Wisynco Group, traded 1.85 million shares closing at $11.50. Caribbean Cement jumped $4.03 to $35.50, JMMB Group dropped $2 to $25, Mayberry Investments added $1 to close at $6, PanJam Investment fell $3 to $40.50.

For more details of market activities see – JSE main market consolidating.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Caribbean Cement, Daily Trading, Emerging markets, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Mayberry Investments, Productivity Business Solutions, Salada Foods, Scotia Group, Trading Activity, Victoria Mutual Investments

Trading picks up on JSE Main Market

January 3, 2018 by IC Insider.com

Wisynco producers of Wata, traded 3 million shares on Wednesday.

The Jamaica Stock Exchange All Jamaican Composite Index declined by 180.58 points to close at 316,958.10 on Wednesday and the JSE Index slipped 164.53 points to 288,784.67 from a pickup in market activity, with 29 securities changing hands versus 26 on Tuesday.
Cable & Wireless trading 2.1 million units, recently listed, Victoria Mutual Investments, closed trading with 1.9 million shares with the price rising to a new closing high of $4.40 for a gain of 40 cents and recent listed Wisynco traded 3 million shares and closed at $12.
Trading on the Main Market ended with 12 securities advancing, 10 declining and 7 traded firm with 9,357,015 units valued at $91,768,857 changing hands, compared to 11,226,286 units valued at $102,330,476 on Tuesday.
Trading ended with an average of 322,656 units for an average of $3,164,443 in contrast to 431,780 units for an average of $3,935,788 on Tuesday. The average volume and value for the month to date amounts to 374,242 units valued at $ 3,529,079. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Trading in the US dollar market ended with Productivity Business closing at 57 cents with 2,541 stock units changing hands and Proven Investments exchanged 3,070,230 units at 21 cents with the total value of of all shares traded amounting to US$705,914. The JSE USD Equities Index rose 8.87 points to end at 175.04.
The major movers at the close of the market are, Berger Paints jumped $1 to $18, JMMB Group surged $3 to $27, Mayberry lost $1 to $5, Pan Jam Investment fell $1.50 to $43.50, Salada Foods jumped by $1 to a new high of $13, Scotia Group dropped $1.90 to $51.10 and Supreme Ventures ended with a gain of $1.58 at $11.59.

For more details of market activities see – “JSE Main Market chills.”

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Daily Trading, Emerging markets, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Productivity Business Solutions, Salada Foods, Scotia Group, Trading Activity, Victoria Mutual Investments

JSE Main Market starts 2018 with gains

January 2, 2018 by IC Insider.com

On the first trading of the new year the Jamaica Stock Exchange closed with the All Jamaican Composite Index climbing 622.57 points to 317,138.68 and the JSE Index advancing by 567.23 points to 288,949.20.
Trading on the Main Market of the Jamaica Stock Exchange settled on Tuesday with 26 securities changing hands, 10 advanced, 11 declined and 5 traded firm with 11,226,286 units valued at $102,330,476 compared to 10,210,190 units valued at $125,309,363 trading, from 26 securities changing hands on Friday.
Trading ended with an average of 431,780 units for an average of $3,935,788 in contrast to an average of 392,700 units for an average of $4,819,591 on Friday. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.

Devon Barrett CEO of VMIL

Recently listed, Victoria Mutual Investments, closed trading with 2.35 million shares with the price rising to a new closing high of $4 for a gain of 63 percent from its IPO price of $2.45, after trading as high as $4.20.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Trading in the US dollar market ended with Proven Investments US ordinary share ended with 2,249 units changing hands to end at 21 US cents, the total value of trading amounted to US$472 with the JSE USD Equities Index closing unchanged at 166.17.
The major movers at the close of the market are, recent listed Wisynco traded 5.55 million shares and closed at $12.50. JMMB Group lost $1 to $24, NCB Financial fell $1 to $99, Sagicor Group dropped $2.70 to $35.30, Sagicor X Fund fell $1 to $14, Seprod gained $1 to $31 and Supreme Ventures ended with a loss of $1.49 at $10.01. Cable & Wireless traded 1.8 million shares cents to end at $1.39 in response to news that the majority owners were making an offer of $1.45 for the minority shares.