JSE jumps 14,819 points to record close – Thursday

November 30, 2018 by

The main market of the Jamaica Stock Exchange, surged 14,819.23 points on Thursday, the biggest single one day ever, bettering the increase of 12,549.67 points rise on Wednesday.
Thursday move led the All Jamaica Index to close at a record high of 433,307.22, beating the record close on Wednesday of 418,487.99 and the JSE Index rose 10,027.28 points to close at a record high 381,289.90.
Strong gains in NCB Financial Group up $10.01 to end at a record close of $160, PanJam Investment and Sagicor Group were the main contributor to the market’s record move, on a day when five stocks closed at record highs.
Market activity ended with 5 securities closing at record highs as 35 securities in the main and US dollar markets changed hands, compared to a 27 on Wednesday. At the end, prices of 13 stocks rose, 11 declined and 11 remained unchanged.
The main market ended with 9,092,070 units valued at over $158,769,688 changing hands, compared with 62,089,588 units valued at over $136,855,615 exchanged, on Wednesday.
The main market ended with Supreme Ventures leading with 3,003,893 units, accounting for 33 percent of the day’s trades, followed by Mayberry Jamaica Equities with 1,516,695 units or 16.7 percent of the day’s volume and JMMB Group with 1,064,094 units with 11.7 percent of the day’s trades.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than the last selling prices and 3 closing with lower offers.
Trading resulted in an average of 284,127 units valued at over $4,961,553, in contrast to 2,299,614 shares valued at $5,068,726 on Wednesday. The average volume and value for the month to date, amounts to 403,611 valued at $7,228,391, compared to 410,125 valued at $7,009,413. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In main market activity, Barita Investments rose $1.01 to a record close of $24.01, trading 1,000 shares, Carreras gained 45 cents and concluded trading of 60,911 units at $9.50, Grace Kennedy declined $3 in trading of 37,477 shares at $55, Jamaica Broilers gained $1, trading 116,853 stock units at $30, Kingston Wharves dropped $2.21 in trading 799 shares to end at $75.79.  NCB Financial Group jumped $10.01 to end trading  at record close of $160 with 103,510 shares, Palace Amusement jumped $300 to finish trading 100 shares at $1,300.00, PanJam Investment jumped $1.50 to $71.50, with an exchange of 38,300 stock units, Sagicor Group rose $4.99 trading 398,452 shares at $50, Sagicor Real Estate Fund fell 40 cents to settle at $11.50, exchanging 11,315 shares. Salada Foods climbed $3.50 to end trading of 1,000 stock units at record high of $29.00, Scotia Group traded 41,371 shares and shed $1 to close at $58, Seprod added 50 cents trading of 27,408 shares, to close at $32.50, Sterling Investments rose 60 cents and closed at $4.70, with 200 shares changing hands and Supreme Ventures fell $1.39 to end at $15.60, with an exchange of 3,003,893 shares.
Trading in the US dollar market amounted to 65,958 units valued at $15,630 as JMMB Group 6% preference share close trading with 1,000 units to close at US$1.05 and Proven Investments rose 1 cent and ended trading of 20,758 shares at 20 U$ cents and Sygnus Credit Investments US dollar based ordinary share dropped 2 cents in trading 44,200 units at 11 US cents. The JSE USD Equities Index closed with a rise of 6.77 to close  at 166.21.

 

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JSE pushes to new record close – Wednesday

November 28, 2018 by

The main market of the Jamaica Stock Exchange, surged 11,005.53 points on Wednesday, the most, ever, leading the All Jamaica Index to close at a record high of 418,487.99 and the JSE Index rose 10,027.28 points to close at a record high 381,289.90.
Strong gains in Grace Kennedy, NCB Financial Group that ended at a record close of $149.99, Kingston Wharves, PanJam Investment that traded at a record high of $72 and Sagicor Group were the main contributor to the market’s record move.
Market activity ended with 3 securities closing at record highs as 27 securities in the main and US dollar markets changed hands, compared to a 29 on Tuesday. At the end, prices of 14 stocks rose, 7 declined and 6 remained unchanged.
The main market ended with 62,089,588 units valued at over $136,855,615 changing hands, compared with 5,592,346 units valued at $176,485,571 exchanged, on Tuesday.
The main market ended with 1834 Investments leading with 59,001,000 units, accounting for 95 percent of the day’s trades, followed by Wisynco Group with 1,542,114 units or 20.5 percent of the day’s volume and Sagicor Group with 459,741 units.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than the last selling prices and 3 closing with lower offers.
Trading resulted in an average of 2,299,614 units valued at over $5,068,726, in contrast to 207,124 shares valued at $6,536,503 on Tuesday. The average volume and value for the month to date, amounts to 410,125 valued at $7,009,413, compared to 319,025 valued at $7,107,722. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In main market activity, Barita Investments rose 35 to a record close of $23, with 37,495 shares trading, Grace Kennedy rose $3 in trading of 25,765 shares at $58, Jamaica Broilers lost $1, trading 113,869 stock units at $29, Jamaica Producers shed 40 cents to close at $24.10, trading of 23,670 shares, Kingston Wharves jumped $2.96 in trading 6,302 shares to end at $78. NCB Financial Group jumped $5.11 to end trading of 77,697 shares at record close of $149.99, PanJam Investment jumped $3 to record close of $70, with an exchange of 38,202 stock units, Sagicor Group rose $1.01 trading 459,741 shares at $45.01, Scotia Group traded 48,016 shares and shed $1 to close at $59 and Supreme Ventures rose 29 cents to end at $16.99, with an exchange of 82,913 shares. There were no trades in the US dollar market.

 

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NCB record $145, Barita record $22.65 – Tuesday

November 27, 2018 by

NCB Financial Group ended at a new record close of $144.88 on the Jamaica Stock Exchange on Monday while Barita Investments jumped to a high of $22.65 on a day when the market indices gained the most points in a single day.
The main market took flight with the All Jamaica Index having the highest gain in a day, surging 10,574.31 points to close at 407,482.46, while the JSE Index jumped 9,634.39 points to 371,262.62. Market activity closed with 2 securities closing at record highs as 29 securities in the main and US dollar markets changed hands, compared to a 31 on Monday. At the end, prices of 14 stocks rose, 8 declined and 7 remained unchanged.
The main market ended with 5,592,346 units valued at  $176,485,571 changing hands, compared with 6,956,000 units valued at $513,002,473 exchanged, on Monday.
The main market ended with Seprod leading with 1,850,546 units, accounting for 33 percent of the day’s trades, followed by Wisynco Group with 1,125,534 units or 20 percent of the day’s volume and Scotia Group with 865,661 units or just 15.5 percent of the overall volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and 4 closing with lower offers.
Trading resulted in an average of 207,124 units valued at over $6,536,503, in contrast to 239,862 shares valued at $17,689,740 on Monday. The average volume and value for the month to date, amounts to 319,025 valued at $7,107,722, compared to 324,693 valued at $7,138,202. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In main market activity, Barita Investments rose $1.65 to close at record $22.65, with 72,505 shares trading, Berger Paints ended trading of 23,778 units but lost $1.05 to $18, Caribbean Cement lost $4.75 to close at $43.25 in trading just 2,000 shares, Grace Kennedy shed $1 in trading of 903 shares at $55, Jamaica Broilers rose $1.50, trading 339,292 stock units at $30, Jamaica Stock Exchange gained 49 cents to close at $9.90, trading of 880 shares, JMMB Group fell 49 cents to $32.51, with an exchange of 87,335 shares,  Mayberry Jamaica Equities lost 50 cents trading 78,806 shares in closing at $9.20, NCB Financial Group jumped $4.89 to end trading  at record close of $144.88 with 84,352 shares, PanJam Investment jumped $3 to $67, with an exchange of 127,085 stock units, Sagicor Group rose $4 trading 260,532 shares at $44, Scotia Group traded 865,661 shares and gained $3.90 to close at $60, Seprod added 25 trading of 1,850,546 shares, to close at $32 and Supreme Ventures lost 29 cents to end at $16.70, with an exchange of 196,680 shares.
Trading in the US dollar market amounted to 31,000 units valued at $15,630 as JMMB Group 5.75% preference share close trading with 5,000 units to gain 10 cents to close at US$2.10 and Proven Investments ended trading of 27,000 shares at 19 U$ cents. The JSE USD Equities Index closed with a fall of 1.90 at 159.44.

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Record $140 for NCB on JSE – Monday

November 26, 2018 by

NCB investors are having a great 2018 with the stock trading at record levels.

NCB Financial Group ended at a new record close of $139.99 after trading at $140 after trading 2.85 million shares that accounted for 41 percent of the day’s volume on the Jamaica Stock Exchange on Monday.
The main market lost flight with the All Jamaica Composite Index declining 2,474.72 points to 396,908.15, while the JSE Index dropped 2,254.75 points to close at 361,628.23. Market activity closed with 2 securities ending at record highs and one at a 52 weeks’ low as 31 securities in the main and US dollar markets trading, compared to a same number on Friday. At the end prices of 12 stocks rose, 11 declined and 8 remained unchanged.
The main market ended with 6,956,000 units valued at $513,002,473 changing hands, compared with 37,219,908 units valued at $266,712,510 exchanged, on Friday.
The main market ended with NCB Financial leading with 2,849,956 units, followed by Kingston Wharves with 1,169,281 units or 16.8 percent of the day’s volume and 1834 Investments with 629,240 units or just 9 percent of the overall volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and 1 closing with a lower offer.
Trading resulted in an average of 239,862 units valued at over $17,689,740, in contrast to 1,283,445 shares valued at $9,196,983 on Friday. The average volume and value for the month to date, amounts to 324,693 valued at $7,138,202, compared to 329,574 valued at $6,496,704. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In main market activity, Barita Investments rose $1 to close at record $21, with 254,431 shares trading, Caribbean Cement gained $3 to close at $48 in trading 15,885 shares, Grace Kennedy gained $1 in trading of 59,338 shares at $56, Jamaica Broilers lost $1.15, trading 32,172 stock units at $28.50, Jamaica Stock Exchange declined 54 cents to close at $9.41, trading of 9,469 shares, JMMB Group fell $1 to $33, with an exchange of 52,392 shares, Jamaica Producers gained 49 cents and finished trading of 21,734 units at $24.50, Kingston Wharves dropped $3 to finish at $75, with 1,169,281 stock units changing hands, Mayberry Jamaica Equities rose $1.20 trading 126,123 shares in closing at $9.70, NCB Financial Group jumped $3.49 to end trading  at record close of $139.99 with 2,849,956 shares, 138 Student Living traded 125,595 shares and declined by 14 cents to end a 52 weeks’ low of $3.35, PanJam Investment jumped $3.15 to $64, with an exchange of 63,718 stock units, Sagicor Group rose $1 and finished trading at $40, with 8,157 shares, Seprod added $1.73 trading of 63,529 shares, to close at $31.75 and Supreme Ventures gained 99 cents to end at $16.99, with an exchange of 30,541 shares.

Trading in the US dollar market amounted to 483,208 units valued at $94,621 as Margaritaville with 10,800 units to close at 25 US cents and Proven Investments ended trading of 472,408 shares at 19 U$ cents. The JSE USD Equities Index closed with a rise of 1.47 at 161.34.

 

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4 new entrants in IC Top 10

November 26, 2018 by

Seprod shares now trades at $32 each.

There are three changes to the TOP 10 main market list and one Junior Market stock. Increased prices during the week, pushed out Access Financial, Salada Foods, Stanley Motta and Scotia Group.
Medical Disposables returns to the TOP 10 Junior Market list with the price at $6.20, down from $7.50 the previous week, as it pushed out Access that rose to $52 during last week. Berger Paints and Seprod moved up modestly in price but that was not sufficient to prevent them from returning to the TOP, with other stocks rising in price during the week. Palace Amusement also returned to the TOP 10 main market list.
For the nine months to September, Seprod generated $15.50 billion in revenues, an increase of $3.36 billion or 28 percent over the similar period in 2017. Net profit for the period was $970 million, an increase of $387 million or 66 percent over 2017. Earnings per share came out at $2.03 with the third quarter rising to 85 cents from 38 cents in 2017. For the full year earnings could hit $3 per share. That should put the stock back in the $40 range before too long.
Berger Paints profit for the nine months to September was below expectations, with $9 million profit in the third quarter versus $54 million in 2017 and $43 million for the nine months to September, down sharply from $143 million in 2017. The company now enters the busiest period of the year when the bulk of income and profits are made. Last year company was closed for sales for several days for stock taking in December, resulting in lost sales and profit. The company should not suffer the same fate this year as the new owners would be aware of the problem and work at preventing same. That should result in better sales and profit than in the 2017 final quarter. In the final quarter of 2016 pretax profit was $233 million compared to just $67 million for the similar period in 2017, when the disruptions occurred.
The main market closed the week with the overall PE remains at 15.3, the PE of the Junior market is at 15.5.
The PE ratio for Junior Market Top 10 stocks average 9 and the main market PE is now 9.3.
The TOP 10 stocks now trade at an average discount of 42 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings. The main market stocks trade at a discount of 39 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis based on new information received that can result in changes in and out of the list as well.

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Stanley Motta trades 37M shares on JSE – Friday

November 23, 2018 by

Site plan of Stanley Motta’s 58 Half Way Tree Road.

Stanley Motta traded nearly 34 million on the Jamaica Stock Exchange on Friday, helping
Site plan of Stanley Motta’s 58 Half Way Tree Road.to push the overall volume to 37,219,908 units valued at $266,712,510 changing hands, compared with 5,027,724 units valued at $221,393,103 being exchanged, on Thursday.
Market activity closed with 31 active securities in the main and US dollar markets trading, compared to a same number on Thursday, as the prices of 7 stocks rose, 15 declined and 9 remained unchanged.
Despite the higher level of stocks declining than advancing, the All Jamaica Index advanced 2,887.52 points to 399,382.8, while the JSE Index climbed 2,630.85 points to close at 363,882.98.
The main market ended with Stanley Motta trading 33,898,200 units and cornering 91 percent of the day’s volume, followed by Seprod with 798,795 units for just 2 percent of traded volume and Jamaica Producers with 784,515 units, also with just 2 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than the last selling prices and 2 closing with lower offers.
Trading resulted in an average of 1,283,445 units valued at an average of $9,196,983 for each security traded, in contrast to 173,370 units valued at an average of $7,634,245 on Thursday. The average volume and value for the month to date, amounts to 329,574 valued at $6,496,704, compared to 271,338 valued at $6,321,909. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In main market activity, Berger Paints lost 68 cents in trading 20,220 shares to close at $19, Caribbean Cement gained $2 to close at $45 in trading 25,662 shares, Grace Kennedy fell $2.50 and ended trading of 58,498 shares at $55, JMMB Group rose $1 to $34, with an exchange of 49,596 shares, Jamaica Producers gained 51 cents and finished trading of 784,515 units at $24.01, Mayberry Jamaica Equities lost $1.50 in trading 34,691 shares in closing at $8.50, NCB Financial Group lost 50 cents and ended trading of 108,686 shares at $136.50 after trading at a record high of $138, 138 Student Living traded 35,189 shares and declined by 31 cents to a 52 weeks’ low of $3.50, PanJam Investment rose 25 cents to $61.85, with an exchange of 14,747 stock units, Proven Investments ended with a loss of 50 cents at $26.50, with just 100 units changing hands, Sagicor Group lost $1 and finished trading at $39, with 37,364 shares, Seprod dropped $1.98 trading of 798,795 shares, to close at $30.02 and Supreme Ventures lost 50 cents to end at $16, with an exchange of 74,822 shares.
Trading in the US dollar market amounted to 65,911 units valued at over $32,014 as JMMB  Group 6% USD with 22,671 units and rose 1 cent to close at us$1.05 and Proven Investments ended trading of 43,240 shares at 19 U$ cents. The JSE USD Equities Index closed unchanged at 159.87.

 

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JSE stocks move higher on Thursday

November 22, 2018 by

NCB stock jumped $2.50 to close at $137

Investors pushed the Jamaica Stock Exchange main market higher on Thursday, with the All Jamaica Index advancing 3,867.21 points to 396,495.35, while the JSE Index climbed 3,523.47 points to close at 361,252.13.
Market activity closed with 31 active securities in the main and US dollar markets, compared to 31 on Thursday, as the prices of 14 stocks rose, 6 declined and 11 remained unchanged.
The main market ended with PANJAM Investmenttrading 2,381,110 units in cornering 47.4 percent of the day’s volume, followed by Sygnus Credit Investments with 1,035,523 units, 20.6 percent of the day’s volume and Seprod with 591,309 units for 11.8 percent of traded volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and 5 closing with lower offers.
Trading ended with 5,027,724 units valued at over $221,393,103 changing hands, compared with 11,783,312 units valued at $255,248,656 being exchanged, on Wednesday.
Trading resulted in an average of 173,370 units valued at an average of $7,634,245 for each security traded. In contrast to 406,321 units for an average of $8,801,678 on Wednesday. The average volume and value for the month to date, amounts to 271,338 valued at $6,321,909, compared to 277,708 valued at $6,231,079. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In main market activity, Caribbean Cement gained $1 to close at $43 in trading of 20,852 shares, Carreras gained 50 cents to $9.50, trading 28,890 shares, Grace Kennedy rose $2.50 and ended trading of 13,464 shares at $57.50, JMMB Group rose $1.24 to $33, with an exchange of 21,745 shares, Jamaica Producers gained 95 cents and finished trading of a mere 190 units at $23.50, NCB Financial Group climbed $2.50 and ended trading of 211,790 shares, at $137,  PanJam Investment fell 40 cents to $61.60, with an exchange of 2.38 million stock units, Portland JSX ended with a loss of 69 cents at $7.80, with 34,300 units changing hands, Sagicor Group rose $1 and finished trading of 169,960 shares at $40, Seprod gained $1.99 trading of 591,309 shares, to close at $32 and Sygnus Credit Investments added 49 cents and ended at $10.99, with an exchange of 1.04 million shares.
Trading in the US dollar market amounted to 10,664 units valued at $1,746 as Proven Investments end trading of 7,167 shares at 19 U$ cents and Sygnus Credit Investments USD share ended with 3,467 units changing hands at 11 US cents after rising by a cent. The JSE USD Equities Index gained 1.05 points down to close at 159.87.

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JSE stocks making strong recovery

November 20, 2018 by

The Jamaica Stock Exchange main market indices were pushed sharply higher on Tuesday, sending the All Jamaica Index surging 5,742.86 points to 397,756.57 and JSE Index jumped 5,232.40 points to close at 362,401.24, thanks partially to jump in the price of NCB Financial.
Market activity closed with 32 active securities in the main and US dollar markets, compared to 30 on Thursday with the prices of 13 stocks rose, 9 declined and 10 remained unchanged.
Main market trading closed with JMMB Group leading with 5,977,409 units, or 49 percent of the day’s volume and NCB Financial with just under 4.29 million units and 35 percent of volume traded.
IC bid-offer Indicator|At the end of trading, the Choice bid-offer indicator reading shows 3 stocks ending with the bid higher than the last selling prices and 7 closing with lower offers.
The market closed with much more trading volume and value than on Monday as 12,215,304 units valued at over $798,389,015 changed hands, compared with 8,566,949 units valued at $433,399,089 being exchanged, on Monday.
Trading resulted in an average of 436,261 units valued at over $28,513,893, in contrast to 295,412 shares valued at $14,944,796 on Monday. The average volume and value for the month to date, amounts to 268,764 valued at $6,039,932, compared to 256,707 valued at $4,301,615. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In the main market activity, Barita Investments gained 74 cents and closed at $19.75, trading 2,000 shares, Carreras concluded trading of 10,257 units and lost 32 cents at $9.50, Caribbean Cement jumped $7.75 to close at $50 in trading of 7,325 shares, PanJam Investment rose $2.30 in closing at $64, with an exchange of 62,978 stock units, Sagicor Group advanced by $2 to $39 with an exchange of 3,563 shares, Sagicor Real Estate Fund gained 30 cents and settled at $11.75, trading 3,880 shares, Scotia Group gained $2.99 trading 31,977 to close at $55.99, Seprod shed 50 cents to end trading of 156,060 shares at $29.50 and Sterling Investments  fell 50 cents and closed at $20, with 3,094 shares.
Trading in the US dollar market amounted to 43,400 units valued at over $18,506 as JMMB Group 6.00% traded 12,100 units losing 1 cent to close at $1.04, Productive Business Solution traded 1,000 shares at 59 US cents, Proven Investments closed the trading of 25,000 shares at 19 U$ cents and Sygnus Credit Investments USD share ended with 5,300 units changing hands and rose 1 cent to 9 US cents..
The JSE USD Equities Index inched 0.02 points down to close at 157.77.

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Main market stocks make gains – Monday

November 19, 2018 by

Grace new HQ close to the end of construction in downtown Kingston

Stocks remained volatile in trading on the Jamaica Stock Exchange on Monday, but the main market indices closed higher with the All Jamaica Index ending 3,162 points ahead of Friday’s close closing much lower than the 9,168.21 points it put on, 30 minutes after trading opened.
Market activity closed with 30 active securities in the main and US dollar markets, compared to 30 on Friday with the prices of 11 stocks rose, 14 declined and 5 remained unchanged.
The All Jamaica Composite Index jumped 3,162.03 points to 392,013.71 and the JSE Index advanced 2,880.96 points to close at 357,168.84.
Main market trading closed with Grace Kennedy leading with 7,016,055 units, or just less than 82 percent of the day’s volume, PanJam Investment with 305,749 units with and 3.6 percent of volume traded.
IC bid-offer Indicator|At the end of trading, the Choice bid-offer indicator reading shows just 7 stocks ending with the bid higher than the last selling prices and 2 closing with lower offers.
The market closed with much more trading volume and value than on Friday as 8,566,949 units valued at $433,399,089 changed hands, compared with 7,711,871 units valued at $172,980,680 being exchanged, on Friday.
Trading resulted in an average of 295,412 units valued at over $14,944,796, in contrast to 275,424 shares valued at $6,177,881 on Friday. The average volume and value for the month to date, amounts to 256,707 valued at $4,301,615, compared to 253,590 valued at $3,374,731. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In the main market activity, Berger Paints rose 40 cents and ended at $19, trading 5,200 stock units, Carreras concluded trading of 32,622 units and rose of 50 cents at $9.50, Caribbean Cement dropped $7.75 to close at $42.25 in trading of 28,547 shares, Grace Kennedy rose $1 to end trading 7 million shares to close at $54, Jamaica Producers dipped $2.51 to end at $22, trading 4,130 shares, JMMB Group declined $1.20 to $31.80, with an exchange of 28,707 shares, PanJam Investment dropped $4 in closing at $61.70, with an exchange of 305,749 stock units, Sagicor Group gave up $1.50 and settled at $37 with an exchange of 130,395 shares, Sagicor Real Estate Fund lost 55 cents and settled at $11.45, trading 28,900 shares, Salada Foods rose $1 to close at $21.50 trading 6,300 shares, Scotia Group dropped $2.99 trading 31,977 to close at $53, Seprod gained $1 to end trading of 150,547 shares at $29.50,  traded 8,063 shares and rose Stanley Motta 70 cents to $5.25, Sterling Investments climbed 75 cents to $20.50, trading 1,100 shares and Supreme Ventures lost 99 cents and ended at $16, with an exchange of 44,431 shares.

Trading in the US dollar market amounted to 17,541 units valued at $3,348 as Proven Investments was the sole stock trading and ended at 19 U$ cents.
The JSE USD Equities Index inched 0.36 points higher to close at 157.79.

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Access & Iron Rock back into IC Top 10

November 19, 2018 by

Thee are no change to the TOP 10 main market list. The Junior Market has two changes with Iron Rock Insurance and Access Financial returning to the TOP 10, while Stationery and Office Supplies (SOS) and Dolphin Cove moved out.
IC Insider.com lowered the earnings per share for the two that moved out, based on the most recent release of interim results. In addition, SOS moved up in price following the release of nine months results.
Last week’s big new the entry, Scotia Group moved from $50 to close at $55.95 and now awaits the full year results which be out soon, for more direction. Based on IC Insider.com forecast Scotia is set to earn around $4.60 for the 2018 year to October with the PE at just 11 times earnings.
Earnings for General Accident have been adjusted down to 40 cents per share with the latest results now out, but it still holds on to the TOP 10.
The main market closed the week with the overall PE remains at 15.3, the PE of the Junior market is at 15.6 from the prior week.
The PE ratio for Junior Market Top 10 stocks average 9.4 and the main market PE is now 9.7.
The TOP 10 stocks now trade at an average discount of 40 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings. The main market stocks trade at a discount of 37 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis based on new information received that can result in changes in and out of the list as well.

Filed Under: Buy Rated Tagged With: , , , , , , , , , , , , , , , , ,