JSE Main Market drops on Tuesday

January 12, 2021 by

Trading activities knocked several thousand points off the indices of the Jamaica Stock Exchange Main Market after more stocks declined than rose on Tuesday after an exchange of 33 percent fewer shares and a 13 percent fall in value than on Monday.
The All Jamaican Composite Index slumped 3,448.73 points to 427,800.39, the Main Index dropped 3,105.44 points to close at 390,255.61 and the JSE Financial Index dipped 1.17 points to settle at 101.03.
Trading ended with 47 securities changing hands compared to 45 on Monday and closed with prices of 13 stocks rising, 23 declining and 11 remaining unchanged.
The average PE Ratio closed at 16.6 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 14,425,631 shares for $58,928,355 down from 21,543,484 units at $67,653,800 on Monday. Transjamaican Highway led trading with 47.7 percent of total volume for 6.88 million shares followed by Pulse Investments with 18.1 percent for 2.61 million units and Wigton Windfarm with 12.8 percent market share for 1.85 million units.
Trading averaged 306,928 units at $1,253,795, versus 478,744 shares at $1,503,418 on Monday. Trading month to date averaged 350,619 units at $1,079,650, in contrast to 358,339 shares at $1,048,880 on Tuesday. Trading in December averaged 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator reading has seven stocks ending with bids higher than their last selling prices and five with lower offers.
At the close of trading, Berger Paints advanced $1.10 to $14.10, with an exchange of 895 shares, Eppley rose 90 cents to $27.90 exchanging 930 stocks. Eppley Caribbean Property Fund gained 44 cents to finish at $43, with 7,400 units crossing the exchange, Jamaica Broilers ended 40 cents higher at $28.40 trading 10,160 stocks, Mayberry Jamaican Equities lost 30 cents in closing at $7.70, with an exchange of 18,845 shares. NCB Financial declined $3.63 to $138.37 after investors swapped 21,271 shares, 138 Student Living gained 38 cents in closing at $4.89 trading 6,805 stocks, Pan Jam Investment shed 57 to $72, in exchanging 8,090 shares, Portland JSX fell $1 to $8.50, in transferring 1,673 stock units. Pulse Investments lost 30 cents to end at $4.45, with investors swapping 2,607,378 shares, Sagicor Group rose 85 cents to end at $50.35 after trading 10,629 stock units, Sagicor Real Estate Fund declined by $1.95 to $6.30, as investors swapped 10,000 shares and Salada Foods fell $2.75 to $26, with 871 units crossing the market.
In the preference segment, Eppley 8.75% preference share dropped 52 cents to $7 with 1,000 units changing hands.

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

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Slight dip for JSE Main Market stocks

January 11, 2021 by

Trading took a breather on Monday with the market declining after more stocks declined than rose after an exchange of 158 percent shares than on Friday in trading activity on the Jamaica Stock Exchange Main Market.
At the close, the All Jamaican Composite Index shed 798.73 points to 431,249.12, the JSE Main Index fell by 720.19 points to 393,361.05 and the JSE Financial Index lost 0.17 points to settle at 102.20.
Trading ended with 45 securities changing hands up from 40 on Friday and closed with 12 stocks rising, 22 declining and 11 remaining unchanged. The average PE Ratio ended at 16.8 based on ICInsider.com’s 2020-21 earnings forecast.
Traders exchanged 21,543,484 shares for $67,653,800 up from 8,357,028 units at $62,510,845 on Friday. 1834 Investments led trading with 46.5 percent of total volume for 10.02 million shares, followed by Pulse Investments with 17.5 percent for 3.77 million units. Wigton Windfarm took 16.2 percent of trading, with 3.48 million shares, Transjamaican Highway with 4.8 percent for 1.04 million units and Sagicor Real Estate Fund with 4.7 percent market share for 1.01 million units.
Trading for the day averaged 478,744 units at $1,503,418 for each security, compared to an average of 208,926 shares at $1,562,771 on Friday. Trading month to date averaged 358,339 units at $1,048,880 for each security, in contrast to 333,822 units at $956,327 on the prior trading day. Trading in December averaged 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of trading, Barita Investments fell 75 cents to $84, in trading 59,373 shares, Berger Paints dropped by $1.10 to $13, with 2,010 stock units changing hands. Caribbean Cement climbed $1 to $61, after a transfer of 1,327 units, Eppley fell 99 cents to $27 trading 709 stocks, Eppley Caribbean Property Fund dropped $1.87 to $42.56 after exchanging 651 stock units. First Rock Capital advanced $1.15 to $13.75, in clearing the market with 54,287 units, Jamaica Broilers gained 65 cents in closing at $28 and exchanging 104,778 shares, Jamaica Producers dropped $1.33 to $19.77, with 12,260 units clearing the market. JMMB Group closed at $32.65, with a loss of 85 cents after exchanging 42,013 shares, Key Insurance slipped 17 cents to $6.18, in swapping 47,372 stock units. MPC Caribbean Clean Energy rose 47 cents to $157.47 in switching ownership of 10 shares, NCB Financial Group shed $1.70 to end at $142 after clearing the market with 30,449 stocks. 138 Student Living lost 34 cents to close at $4.51 exchanging 151 units, Palace Amusement slipped $5 to $1,295, trading 15 units, PanJam Investment shed 43 cents to end at $72.57, with the swapping of 137 stock units, Proven Investments slid 69 cents to $35.10 trading 22,684 units. Pulse Investments gained 8 cents in closing at $4.75, after exchanging 3,765,486 shares, Sagicor Group shed 95 cents to end at $49.50 in exchanging 9,798 units. Sagicor Real Estate Fund fell 73 cents to $8.25, with 1,010,838 stocks changing hands,  Supreme Ventures shed 40 cents in closing at $17.50, after the transfer of 29,737 shares. Sygnus Credit Investments rose 57 cents to $17.27, in trading 9,730 units and Victoria Mutual Investments lost 9 cents in closing at $5.91, with an exchange of 46,532 stock units.
In the preference segment, Eppley 8.75% preference share rose 46 cents to settle at $7.52, with 373 shares crossing the exchange, Eppley 8.25% climbed $1 to $7, finishing with a transfer of 200 units and JMMB Group 7.5% gained 5 cents to close at 75 cents, in an exchange of 37,141 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

JSE Main Market slips on Friday

January 8, 2021 by

Prices of stocks mostly rose in early trading Friday, pushing the All Jamaican Composite Index up by more than 1,300 points, after 30 minutes of the opening of trading on the Jamaica Stock Exchange Main Market. The gains eventually gave way to a small loss at the close, after an exchange of 80 percent more shares than on Thursday.
At the close of trading, the All Jamaican Composite Index fell by 779.63 points to 432,047.85, the JSE Main Index shed 705.51 points to 394,081.24 and the JSE Financial Index lost 0.23 points to end at 102.37.
Trading ended with 40 securities changing hands compared to 44 on Thursday and closed with prices of 18 stocks rising, 14 declining and eight remaining unchanged. The average PE Ratio sits at 17 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 8,357,028 shares for $62,510,845 compared to 42,478,328 units at $63,599,694 on Thursday. Pulse Investments led trading with 23.9 percent of total volume for 1.99 million shares, followed by Transjamaican Highway with 23.6 percent for 1.97 million units, Carreras with 18.3 percent for 1.53 million units and Wigton Windfarm with 13.2 percent of the day’s trades for 1.1 million units.
Trading averaged 208,926 units at $1,562,771 compared to 965,417 shares at $1,445,448 on Thursday. Trading month to date averaged 333,822 units at $956,327, in contrast to 361,424 units at $822,306 on Thursday. Trading in December averaged 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator reading has seven stocks ending with bids higher than their last selling prices and three with lower offers.
At the market’s close, Berger Paints gained $1.10 in closing at $14.10, with 6,614 stock shares crossing the market, Caribbean Cement declined by $2 to $60, with investors swapping 6,491 stock units, First Rock Capital gained 40 cents in ending at $12.60, after exchanging 2,100 units. Grace Kennedy shed 50 cents in closing at $65, with a transfer of 27,899 shares, Jamaica Broilers declined by $2.15 to $27.35, in exchanging 385,609 shares, Jamaica Producers closed $1.05 higher at $21.10, with 10,506 stock units clearing the market. Jamaica Stock Exchange shed 72 cents to settle at $19.20 after trading 6,732 units, Kingston Wharves gained 50 cents in closing at $47 in an exchange of 3,090 stock units, Mayberry Investments picked up 32 cents to end at $5.97 after clearing the market with 14,716 shares. Pan Jam Investment climbed $4.97 to $73, with 11,719 stock units changing hands, Proven Investments gained 66 cents to end at $35.79, with 9,626 shares crossing the market, Sagicor Real Estate Fund rose 71 cents to $8.98 trading 2,121 stock units. Salada Foods climbed $3.75 to $28.75, transferring 33 units, Scotia Group fell by $1 to $43, with 175,560 shares crossing the market and Sygnus Credit Investments lost 40 cents to close at $16.70, clearing the market with 51,777 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Rise for JSE Main Market

January 7, 2021 by

Stocks put in modest gains for the Jamaica Stock Exchange Main Market at the end of trading on Thursday after an exchange of five times more shares than on Wednesday at nearly twice the value as rising stocks beat out declining ones.
At the close, the All Jamaican Composite Index advanced by 626.97 points to 432,827.48, the Main Index rose 425.29 points to 394,786.75 and the JSE Financial Index inched 0.06 points higher to 102.60.
Trading ended with 44 securities changing hands compared to 46 on Wednesday and closed with prices of 18 stocks rising, 15 declining and 11 remaining unchanged. The PE Ratio closed with an average of 16.9 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 42,478,328 shares for $63,599,694 up sharply from 8,061,938 units at $33,788,624 on Wednesday. QWI Investments led trading with 71.1 percent of total volume for 30.21 million shares, followed by Transjamaican Highway with 19.6 percent for 8.34 million units and Sagicor Select Financial Fund with 2.2 percent for 947,698 units.
Trading averaged 965,417 units at $1,445,448 compared to 175,260 shares at $734,535 on Wednesday. Trading month to date averaged 361,424 units at $822,306 compared to 167,441 units at $622,172 on the prior trading day. Trading in December averaged 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator reading has seven stocks ending with bids higher than their last selling prices and two with lower offers.
At close of trading, Barita Investments lost 25 cents to close at $84.75, with an exchange of 2,952 shares, Berger Paints shed 89 cents to $13 in swapping 4,523 units, Caribbean Cement climbed $1.60 to $62, with investors swapping 1,610 units. First Rock Capital lost 70 cents in closing at $12.20, with 2,404 units changing hands, Grace Kennedy rose $1.50 to $65.50 trading 52,367 shares, JMMB Group closed $1.50 higher at $33.50, with 159,912 shares crossing the exchange. Kingston Wharves finished 50 cents lower at $46.50, after 1,753 units traded, NCB Financial shed 45 cents to $143.55 after trading 14,666 stock units, Palace Amusement climbed $194 to $1,300, in an exchange of 87 shares, Pan Jam Investment dropped $6.17 to close at $68.03, with investors swapping 1,468 units. Proven Investments rose 73 cents to finish at $35.13 in exchanging 2,960 units, Seprod fell $1 to $64, with a transfer of 13,722 stock units, Supreme Ventures gained 31 cents to close at $17.87, with 5,935 shares changing hands.
In the preference segment, Eppley 8.75% preference share shed 46 cents to close at $7.06, trading 3,438 units.

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

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Investment 2021 – Recovery for JSE markets

January 7, 2021 by

The JSE Junior and Main Markets retreated in 2020, due mainly to the impact of the COVID-19 on the economy and businesses. Both markets, however, began to struggle in the final quarter of 2019 as a number of new IPOs were either issued or scheduled to be issued, thereby sapping some of the liquidity from the market.
The markets may have been due for a correction anyway, based on their history. Prior to this period, the Main Market had only risen on two other occasions equalling or exceeding six years. Surprisingly, the market went on to move higher during a period of economic turbulence, from 1978 to 1987, nine years of annual gains and again between 1996 and 2004 for another nine-year spell. On the other hand, the Junior Market, for the first time, recorded five consecutive years of increases from 2015 to 2019.
In reality, the market closed higher in each year from 2014 to 2019 for six years’ unbroken run. The JSE Main Market fell 33 percent to the low in March and the Junior Market by 37 percent.  Since then, they have rebounded but not enough to take them out of the negative territory for the year.
The number of new IPOs coming to market in the past three years pulled liquidity from the Junior Market, which depends extensively on the involvement of individual investors. In 2018 and 2019, the Junior Market under-performed the Main Market, measured by way of the market indices. In 2020, both markets were down, with the Junior Market just edging out the Main Market index with a lower decline of 21 percent versus 22.6 percent. Even though 2020 was not a great year, some investors made money by buying some stocks at rock bottom prices when many investors were dumping.
The decline in the market gives some investors breathing space from the six years’ bull market and opportunities to pick up stocks at better valuations or prices than for the period up to March 2020.
The markets have been recovering since they bottomed in March with the Junior Market up 30 percent and the Main Market 16.6 percent. There are strong signals pointing to an upward move for both markets as they transitioned from a consolidating phase when investors were assessing developments in the economy and the stock market.  The Golden cross technical signal for the Junior Market points to that market heading back above the 3,000 points level within months. The Main Market is undergoing a bullish signal with short term moving average line crossing over the medium-term Moving Average a bullish signal. The Main Market is within an ascending channel that points to the All Jamaican index heading towards the 460,000 points range.
Market valuations are reasonable with the PE ratios based on 2020 earnings at 14.7 times for the Junior Market and 17 for the Main Market, a few stocks are priced higher than the average, with many prices well below. Based on 2021 earnings, the PE ratio is an average of 9.2 for Junior Market stocks and 14.7 for the Main Market. The large difference is an indication as to where the best values can be found for investors. Adequate liquidity can be a problem for the Junior Market and many investors need to take a longer-term view in some of these companies as it is sometimes difficult to buy or sell good volume at prevailing market prices under current market conditions.
The local economy is currently down sharply, compared to 2019, but information released by Statin shows the economy picking up from the depressed June quarter, when major areas of the local economy were closed due to COVID-19. However, there are signs that the recovery has been picking up the pace and could move higher if the Coronavirus does not have any greater impact.
While the restrictions placed on economic and social activity has eased since the June quarter, it’s not business as usual in many areas. Investors still need to keep an eye on COVID-19 developments globally and any likely effects on the local economy. Barring any negative developments, stocks highly exposed to tourism, construction, banks and some manufacturing entities could see revenues and profits improving in 2021.
The TOP Main Market stocks’ potential gains range from 70 percent to 290 percent. The Junior Market range is 145 percent to 400 percent. Quite a number of the TOP 15 are recovery candidates. In fact, the Junior Market is filled with these, of which there are six that suffered badly from the effects COVID-19 had on their customers or in dampening demand for their products. A few in the Main Market were partially affected but not as much as some Junior Market companies.
This year 2021, seems set to be the year of surprises as many stocks that suffered badly in 2020 could be making a major turnaround in revenues and profit, while some that may not fully recover could start showing good signs of returning to normalcy.
The TOP 15 Main Market stocks: Berger Paints, Grace Kennedy, Jamaica Broilers, Pan Jam Investment, Radio Jamaica, Victoria Mutual Investments, Scotia Group, QWI Investments, Wisynco Group, Carreras, Sygnus Credit Investments, JMMB Group, Caribbean Cement, Seprod and Sterling Investments.
The TOP 15 Junior Market stocks: Lasco Financial, Caribbean Producers, Caribbean Cream, Main Event, Elite Diagnostic, Jetcon, Medical Disposables, Caribbean Assurance Brokers, Access Financial, Stationery and Office Supplies, Jamaican Teas, General Accident, Lasco Distributors, Lumber Depot and MailPac.
While there are clear signs of improving economic conditions, the path for the year ahead is uncertain for a number of companies. Some that suffered badly in 2020 will be showing signs of recovery, but the timing of their return to fairly good health is unclear at this stage. Investors should be on the watch for these early signs in individual companies.
Banks suffered from the need to increase expected credit loss provisioning, but it appears that it may not be as bad as initially projected. As such, there is likely to be less provision for credit losses in 2021 for banks and other lenders.

JSE Main Market on a rebound and heading to 460,000 points based on the AJ Index.

For other companies, just the fact that the second quarter lockdown of the economy last year is unlikely to be repeated will result in second quarter results in 2021 being better than last year. This would be of benefit to Caribbean Producers, Elite Diagnostic, Jetcon and Stationery and Office Supplies.
Strong growth in the construction sector favours stocks such as Berger Paints, Caribbean Cement and Lumber Depot while a rebound in the tourism sector will help boost revenues for Caribbean Producers, Grace Kennedy, Jamaica Broilers, Wisynco Group and the banks.
The financial challenges caused by the coronavirus are likely to lead to some businesses seeking to merge or dispose of a majority interest to other entities. As such, there is the possibility that a number of listed companies could acquire some of them at good prices. This is a potential development that investors should be on the alert for.

Filed Under: Feature Stories, Investment 2024, JSE Combined, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

JSE Main Market drops

January 6, 2021 by

More stocks fell than rose after a moderate decline in the number of shares trading on Wednesday than on Tuesday on the Jamaica Stock Exchange Main Market ended trading with the market index declining.
The All Jamaican Composite Index declined 1,915.87 points to 432,200.51, the Main Index shed 1,479.72 points to 394,361.46 and the JSE Financial Index lost 0.36 points to settle at 102.54.
Trading ended with 46 securities changing hands, the same as on Tuesday and closed, with prices of 17 stocks rising, 22 declining and seven remaining unchanged. The average PE Ratio closed at 16.8 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 8,061,938 shares for $33,788,624 compared to 8,821,156 units at $30,320,380 on Tuesday. QWI Investments led trading with 27.2 percent of total volume for 2.19 million shares followed by Transjamaican Highway with 17.1 percent for 1.38 million units and Wigton Windfarm with 13.3 percent market share for 1.07 million units.
Trading for the day averaged 175,260 units at $734,535 for each security, versus an average of 191,764 shares at $659,139 on Tuesday. The month to date averaged 167,441 units at $622,172 for each security, in contrast to 163,489 units at $565,374 on the prior trading day. December ended with an average of 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator reading has seven stocks ending with bids higher than their last selling prices and seven with lower offers.
As the market closed, Barita Investments climbed $1.01 to $85, with an exchange of 52,601 shares, Caribbean Cement shed 80 cents to close at $60.40, exchanging 2,257 units, Eppley Caribbean Property Fund climbed $4.43 to $44.43, with investors swapping 1,465 units. First Rock Capital rose 84 cents to $12.90, after exchanging 1,344 units, Grace Kennedy fell $1.75 to $64 trading 14,661 stock units. Jamaica Producers shed 51 cents ending at $20, with 976 units changing hands. Jamaica Stock Exchange dropped 39 cents to $19.91 after 13,500 stock units changed hands. JMMB Group fell by 60 cents to $32, with an exchange of 170,087 shares, MPC Caribbean Clean Energy shed 50 cents trading 125 units to finish at $157, NCB Financial climbed $5 to $144, in crossing the market with 5,344 units. 138 Student Living gained 51 cents to end at $4.88, with 329 units crossing the market, Palace Amusement dropped $193.99 to close at $1,106, with an exchange of 11 units, Pan Jam Investment declined by 80 cents to $74.20, in trading 1,337 units, Proven Investments gained 40 cents to close at $34.40 with 18,941 stock units changing hands. Stanley Motta closed at $5, with a loss of 48 cents exchanging 1,700 units. Supreme Ventures was down 34 cents to $17.56 with the transfer of 55,921 shares, Sygnus Credit Investments gained 34 cents to settle at $16.94, with investors swapping 27,623 shares and Victoria Mutual Investments gained 32 cents to end at $5.99 trading 1,900 units.

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

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Gains continue for JSE Main Market

January 5, 2021 by

Stocks resumed their upward climb on the Jamaica Stock Exchange Main Market in trading on Tuesday with the total value of stock trading rising 44 percent as 46 percent more shares were exchanged than on Monday.
At the close, the All Jamaican Composite Index advanced by 1,670.78 points to 434,116.38, the Main Index rose 1,257.61 points to 395,841.18 and the JSE Financial Index gained 0.83 points to end at 102.90.
Trading ended with 46 securities changing hands compared to 45 on Monday and closed with prices of 17 stocks rising, 19 declining and 10 remaining unchanged. The PE Ratio closed with an average of 16.7 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 8,821,156 shares for $30,320,380 up from 6,056,307 units at $21,128,624 on Monday. Sagicor Select Financial Fund led trading with 30.6 percent of total volume for 2.7 million shares followed by Transjamaican Highway with 20.5 percent for 1.81 million units, Wigton Windfarm accounted for 15.3 percent, with 1.35 million units and QWI Investments with 14.4 percent and 1.27 million units changing hands.
The day’s trades averaged 191,764 units at $659,139 for each security compared to an average of 134,585 shares at $469,525 on Monday. The month to date averaged 163,489 units at $565,374 for each security. December ended with an average of 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator reading has eight stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments rose 99 cents to $83.99, in trading 13,252 shares, Caribbean Cement climbed $2.70 to $61.20, after 18,617 stock units crossed the market, Eppley advanced by $2.99 to $27.99 trading 103 units. Eppley Caribbean Property Fund dropped $4.75 to $40 after exchanging 3,507 stock units, First Rock Capital shed 84 cents to end at $12.06, with 77,141 shares crossing the exchange, Grace Kennedy rose $1.90 to $65.75, as investors switched 52,116 shares. Jamaica Producers slipped 49 cents to $20.51, after exchanging 3,825 units, Jamaica Stock Exchange rose 38 cents to $20.30 trading 126 units. JMMB Group fell $1.40 to close at $32.60, in switching ownership of 27,492 stock units, Key Insurance gained 34 cents to settle at $6.35, with investors swapping 67,302 shares, MPC Caribbean Clean Energy advanced $4.50 to $157.50, with 871 units changing hands, NCB Financial dropped $4.50 in closing at $139, in a transfer of 19,907 units. 138 Student Living shed 47 cents to close at $4.37 exchanging 107 units, Proven Investments declined by $1.01 to close at $34, after crossing the exchange with 31,112 shares, Salada Foods climbed $1 to $30, after exchanging 6,010 units. Scotia Group shed 70 cents to close at $44.25, with an exchange of 24,970 stock units and Wisynco Group shed 47 cents to close at $16.05 trading 103,159 shares.
In the preference segment, 138 Student Living preference share rose 80 cents to $6.70, in exchanging 5,000 units.

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

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

JSE Main Market drops

January 4, 2021 by

Trading started the new-year on a negative note on the Jamaica Stock Exchange Main Market on Monday with the market Index declining after an exchange of 85 percent fewer shares than on Thursday with the values down 98 percent and declining stocks beat advancing ones on a 2 to 1 ratio.
At the close, the All Jamaican Composite Index dipped 1,075.49 points to 432,445.60, the Main Index dropped 1,031.36 points to 394,583.57 and the JSE Financial Index lost 0.02 points to settle at 102.07.
Trading ended with 45 securities changing hands compared to 47 on Thursday and closed with prices of 12 stocks rising, 24 declining and nine remaining unchanged. The PE Ratio closed with an average of 17 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading ended with 6,056,307 shares at $21,128,624 versus 39,602,360 units at $1,040,390,883 on Thursday.
Transjamaican Highway led with 25.1 percent of total volume in trading 1.52 million shares, followed by Wigton Windfarm with 23.2 percent for 1.4 million units and QWI Investments, with 18.2 percent market share for 1.1 million units.
Trading for the day averaged 134,585 units at $469,525 for each security compared to an average of 842,603 shares at $22,135,976 on Thursday. December ended with an average of 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator reading has six stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of the market, Barita Investments advanced by $3 to $83 in an exchange of 3,906 shares, Caribbean Cement dropped $4.50 to $58.50, after 1,744 units crossed the exchange, Eppley shed $3 to $25, exchanging 32,134 stocks. Eppley Caribbean Property Fund declined by $4.25 to close at $44.75 trading 1,502 shares, First Rock Capital rose 26 cents to $12.90, in exchanging 5,781 units, Grace Kennedy shed 65 cents to close at $63.85, with investors swapping 42,191 stock units. Jamaica Broilers slipped 42 cents to $29.53, trading 8,937 stocks, JMMB Group lost $2.50 to end at $34, with an exchange of 9,138 units. Kingston Wharves gained 26 cents to close at $47.15, with 10,855 stock units changing hands, Mayberry Investments lost 20 cents in an exchange of 16,901 units to end at $5.80, NCB Financial rose $1.50 to $143.50 trading 4,190 shares. Pan Jam Investment climbed $8.97 to $74.99, after crossing the market with 19,678 stock units, Proven Investments shed 79 cents to close at $35.01, with 8,415 units changing hands. Sagicor Group gained 50 cents to end at $50.50, in exchanging 12,901 units, Sagicor Real Estate Fund shed 74 cents ending at $8.25, in trading 2,963 shares, Salada Foods shed $1 in closing at $29 trading 410 units. Scotia Group gained 70 cents to close at $44.95, after 17,262 stock units changed hands, Sygnus Credit Investments rose 29 cents to settle at $16.76, trading 37,047 shares. Victoria Mutual Investments slipped 35 cents to $5.65, trading 61,267 shares and Wisynco Group declined 98 cents to $16.52 after exchanging 31,231 shares.

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

JSE Main market drops 23% in 2020

December 31, 2020 by

The Jamaica Stock Exchange Main Market ended trading on Thursday with the market rising after more stocks recorded gains than those declining but ended the year down 22.6 percent as the coronavirus disrupted financial markets locally and worldwide.
The local market has recovered some 16 percent of the losses suffered up to March 25, but the gains so far are some way off the start of the year. At the close, the All Jamaican Composite Index rose 2,252.56 points to close at 433,521.09, the Main Index gained 2,013.69 points to close at 395,614.93 and the JSE Financial Index lost 0.16 points to end at 102.09.
For a second consecutive day, trading ended with 47 securities changing hands and ended with prices of 19 stocks rising, prices of 16 declining and 12 remaining unchanged. The PE Ratio closed with an average of 17.3 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 39,602,360 shares, 37 percent more than Wednesday as $1,040,390,883 chased after investment in the market. On Wednesday, 28,868,187 units traded at $558,644,139. Transjamaican Highway led trading with 25.7 percent of total volume in trading 10.20 million shares, PanJam Investment followed with 25.3 percent and 10.01 million shares, Pulse Investments with 16.7 percent for 6.62 million units. Wisynco Group ended with 6.4 percent market shares from 2.53 million units, JMMB Group 6.2 percent with 2.5 million units, Barita Investments 4 percent with 1.59 million units and Wigton Windfarm 3.9 percent market share with 1.54 million units.
The day’s trades averaged 842,603 units at $22,135,976 compared to 614,217 shares at $11,886,046 on Wednesday. The month to date averaged 455,206 units at $7,774,631, compared to 435,836 units at $7,056,564 on Wednesday. November ended with an average of 623,120 units at $6,686,047.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of the market, Barita Investments lost $6.70 to end at $80 trading 1,589,442 stock units, Caribbean Cement rose $1 in closing at $63, with 137,215 shares changing hands, Eppley Caribbean Property Fundfell 34 cents to $49 trading 5,145 units. Grace Kennedy climbed $1.06 to $64.50 after clearing the market with 197,048 stock units, Jamaica Producers shed 40 cents in ending at $21, with 4,061 shares changing hands, JMMB Group advanced $2.53 to $36.50 in an exchange of 2,476,532 stock units. MPC Caribbean Clean Energy dropped $5 to close at $153 in switching ownership of 12 units, NCB Financial declined by $3 to $142 in exchanging 6,748 stocks, PanJam Investment shed $2.13 in closing at $66.02 and trading 10,010,704 shares. Pulse Investments increased 36 cents to $4.50 in switching ownership of 6,616,355 stock units, Sagicor Group lost $1 in closing at $50 and finished trading 19,340 stocks, Salada Foods rose $2.75 to $30, trading 130,001 stock units. Scotia Group lost 70 cents to end at $44.25 after 17,576 units crossed the exchange, Sygnus Credit Investments climbed $1.07 in closing at $16.47 with investors swapping 75,710 shares, Wisynco Group increased by $1 to $17.50 in trading 2,527,199 stock units.
In the preference segment, Eppley 7.5% preference share advanced $1 to $7 after exchanging 3,478 stock units and Eppley 8.25% fell by $1 to $6 with an exchange of 900 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

JSE Main Market rises again

December 30, 2020 by

The Jamaica Stock Exchange Main Market ended trading on Wednesday with the market rising after rising stocks outnumbered declining ones by a big margin after the trading volume was just marginally lower than on Tuesday.

JSE Index heading higher into the new year.

The All Jamaican Composite Index rose 1,936.76 points to close at 431,268.53, the Main Index rose 1,848.12 points to 393,601.24 and the JSE Financial Index shed 0.10 points to end at 102.25.
Trading closed with 47 securities compared to 45 on Tuesday and ended with prices of 26 stocks rising, 15 declining and six remaining unchanged. The PE Ratio averages 17.3 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading closed with 28,868,187 shares for $558,644,139 compared to 29,337,011 units at $299,861,101 on Tuesday. Transjamaican Highway led trading with 29.9 percent of total volume after 8.62 million shares were traded, followed by Eppley Caribbean Property Fund with 26.1 percent after 7.53 million units changing hands. Wigton Windfarm controlled 9.3 percent market share with 2.67 million shares, Community & Workers Credit Union 8.7 percent with 2.52 million units, Wisynco Group 4.3 percent with 1.23 million units, Carreras controlled 4.1 percent of total volume with 1.2 million units and Sagicor Group with 1.09 million units for 3.8 percent market share.

Trading for the day averaged 614,217 units at $11,886,046 for each security, compared to an average of 651,934 shares at $6,663,580 on Tuesday. Trading month to date averages 435,836 units at $7,056,56, in contrast to 426,447 units at $6,802,380 on Wednesday. November ended with an average of 623,120 units at $6,686,047.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments fell 30 cents to end at $86.70 in an exchange of 563,202 shares, Caribbean Cement gained $2 to end at $62 while trading 68,927 units, Carreras advanced 31 cents to $7.30, with 1,195,301 units changing hands. Eppley gained $1.50 in closing at $28, with 5,399 stocks changing hands, Eppley Caribbean Property Fund increased $2.34 to $49.34 with the swapping of 7,532,916 units, Grace Kennedy climbed $2.44 to $63.44 in an exchange of 122,778 shares. JMMB Group advanced $2.22 to $33.97 in trading 41,143 stocks, Key Insurance shed 69 cents to close at $5.90 in switching 183,834 stock units, Kingston Wharves carved out a gain of $2.33 in closing at $46.85 trading 216 shares. Margaritaville dived  $13.23 to $43 in an exchange of 855 units, Mayberry Investments lost 31 cents to close at $5.77 trading 132,619 stock units, MPC Caribbean Clean Energy climbed $22.99 to $158 in an exchange of 729 units. NCB Financial gained $3 to close at $145 with an exchange of  34,603 stock units, Radio Jamaica climbed 33 cents to $1.68 in exchanging 766,452 shares, Sagicor Group climbed 60 cents to $51 while trading 1,086,033 stock units. Scotia Group increased $1.44 in closing at $44.95 with 6,540 shares changing hands, Seprod declined by $1.50 to $65 after exchanging 38,172 units and Stanley Motta climbed 60 cents to $5.50 in transferring ownership of 275,734 stocks.
In the preference segment, Productive Business Solutions 9.75% Preference share gained $8 in closing at a 52 weeks’ high of $110 in trading 10 units.

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

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,