JSE main market lost ground – Thursday

February 1, 2018 by

JMMB Group had most shares trading on Thursday.

The Main Market of the Jamaica Stock Exchange ended on Thursday with the JSE All Jamaican Composite Index falling by 791.51 points to 315,155.86 and the JSE Index declining 721.16 points to 287,142.63.
Main and US market activities ended with 10 stocks rising, 11 declining and 6 trading firm as 24 securities traded, versus 29 on Wednesday, including 1 from the US market.
Main market activity ended with 5,854,377 shares valued at $100,038,878 trading, in contrast with 17,559,021 shares valued at $97,721,084 on Wednesday.
The US market traded 39,500 units with a value of US$9,085 with the JSE US Equities Index gained 2.24 points to end at 174.33. Trading ended with Proven Investments exchanging 39,500 ordinary shares, at 22.5 US cents.
Market activity ended with an average of 254,538 units valued at an average of $4,349,516 for each security traded, in contrast to 650,334 units for an average of $3,619,299 on Wednesday. January closed with average of 239,900 units valued at $5,158,193 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 9 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Major price changes at the close of the market are, PanJam Investment lost $1.50 and Seprod jumped $3.50. The volume traded was dominated by JMMB Group that closed with 1,540,700 shares, Sagicor Real Estate Fund with 1,071,797 units and Wisynco Group trading 1,495,101 units and fell $1.68.

For more details of market activities see – Trading volume falls on JSE – Thursday.

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

Big surge in JSE Main market – Wednesday

January 31, 2018 by

The Main Market of the Jamaica Stock Exchange ended January with strong gains in the market indices, with JSE All Jamaican Composite Index jumping 2,844.76 points to 315,947.37 and the JSE Index climbing 2,591.90 points to 287,863.79, marginally down for the year to date.
Main and US market activities ended with 9 stocks rising, 10 declining and 10 trading firm as 29 securities traded, versus 31 on Wednesday, including 2 from the US market.
Main market activity surged to 17,559,021 shares valued at $97,721,084 with just two stocks accounting for 88 percent of the volume. In contrast with 4,096,473 shares valued at $78,829,626 traded on Wednesday.
The US market traded 9,262 units with a value of US$29,441 with the JSE US Equities Index declining 2.23 points to end at 172.09 for a 3.6 percent rise from the 2017 close. Trading in this market ended with Productivity Business closing at 55 US cents with 25,294 shares and Proven Investments trading 68,968 ordinary shares, to close with a loss of 0.5 cents at 22.5 US cents.
Market activity ended with an average of 650,334 shares valued at $3,619,299, in contrast to 146,303 shares valued at $2,815,344 on Tuesday. The average volume and value for the month to date amounts to 239,900 units valued at $5,158,193 and previously 220,146 units valued at $5,239,823. 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 10 stocks ended with bids higher than their last selling prices and 2 with a lower offer.
Major price changes at the close of the market are, Caribbean Cement gained $1.50 and JMMB Group climbed $1. The volume traded was dominated by Cable & Wireless with an exchange of 11,351,768 shares and Wisynco Group trading 4,146,449 units.

For more details of market activities see – C&W and Wisynco in big trades on JSE .

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

Main market trading picks up with 17 gains

January 30, 2018 by
Wisynco traded the most shares on teh JSE on Tuesday

Wisynco traded the most shares on the JSE on Tuesday

Trading on the Main Market of the Jamaica Stock Exchange ended on Tuesday with JSE All Jamaican Composite Index gained 927.49 points to 313,102.61 and the JSE Index advanced by 845.05 points to 285,271.89.
Main and US market activities ended with 17 stocks rising, 5 declining and 9 trading firm as 31 securities traded, versus 26 on Monday, including 3 from the US market.
Main market activity increased with 4,096,473 shares valued at $78,829,626 traded, in contrast with 3,323,821 shares valued at $32,670,539 on Monday.
The US market traded 35,129 units with a value of US$7,605 with the JSE US Equities Index declining 1.18 points to end at 174.32. Trading in this market ended with Margaritaville closing at 22 US cents with 4,100 units after shedding 3 cents, Proven Investments trading 27,087 ordinary shares, to close with a gain of 2 cents at 23 US cents and Sterling Investments closing with a loss of 2 US cents and ended at 12 US cents with 3,942 shares.
Market activity ended with an average of 146,303 shares valued at $$2,815,344, in contrast to 132,953 shares valued at $1,306,822 on Monday. The average volume and value for the month to date amounts to 220,146 units valued at $5,239,823 and previously 224,025 units valued at $5,115,100. 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 12 stocks ended with bids higher than their last selling prices and 2 with a lower offer.
Major price changes at the close of the market are, Jamaica Broilers finished trading with a loss of $1, Jamaica Producers lost $1.50, Salada Foods traded with a loss of $1.55 and Scotia Group jumped $2.90. The volume traded was dominated by JMMB Group concluded trading at $24, with 824,485 shares and Wisynco Group with 1,249,530 shares with the price jumping $1.

For more details of market activities see – Several JSE prices up ahead of month end.

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

JSE main market slipped on Monday

January 29, 2018 by

Victoria Mutual Investments traded more than 1 million shares to lead the market on Monday.

Trading on the Main Market of the Jamaica Stock Exchange, ended on Monday with JSE All Jamaican Composite Index slipping just 36.79 points to 312,175.12 and the JSE Index inched 33.52 points lower to 284,426.84, even as declining stocks beat out those rising by a decent margin.
Main and US market activities ended with 7 stocks rising, 12 declining and 7 trading firm as 26 securities traded, the number as on Friday, including 1 from the US market.
Main market activity ended with slightly more volume than on Thursday with 3,323,821 shares valued at $32,670,539 traded, in contrast to with 2,638,664 shares valued at $47,864,816 on Friday.
Trading in the US dollar market ended with Proven Investments trading 6,490 ordinary shares with a value of US$1487, to close with a loss of 2 cents at 21 US cents.  The JSE US Equities Index declined 0.42 points to end at 172.50.
Market activity ended with 132,953 units for an average of $1,306,822 in contrast to 105,547 units for an average of $1,914,593 on Friday. The average volume and value for the month to date amounts to 224,025 units valued at $5,115,100 and previously 228,507 units valued at $5,313,035. 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 a lower offer.
Major price changes at the close of the market are, Jamaica Producers lost $1 the second day running to end at $15, JMMB Group lost $1 to end at $24, NCB Financial regained the 85 cents it lost on Friday to end at $100.85 and Scotia Group fell 95 cents to $50.05. The volume traded was dominated by the two newest listings on the market, Victoria Mutual Investments finishing with 1,225,416 units at $4.01 and Wisynco Group closed at $10.45, with 900,281 shares.

For more details of market activities see – Trading on JSE’s main market sinks – Monday.

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

Main market indices in big surge – Tuesday

January 23, 2018 by

Scotia Group jumped $2.45 to $52.95.

The main market of the Jamaica Stock Exchange indices, jumped sharply by more than 6,000 points on Tuesday, leading the JSE All Jamaican Composite Index to surge 6,707.14 points to 314,642.78 and the JSE Index jumping 6,110.96 points to 286,675.16.
Main and US market activities ended with 10 stocks rising, 11 declining and 6 trading firm as 27 securities traded versus 27 on Monday in the main market and 4 in the US market.
Main market activity ended with much lower volume than on Monday. A total of 3,559,954 shares valued at $75,487,760 traded at the close, in contrast to 8,068,298 shares valued at $158,749,884 on Monday.
Trading in the US dollar market ended with 91,568 units changing hands with a value of US$20,105. The JSE US Equities Index closed with a loss of 0.19 points to end at 171.07 with 1 ordinary stock trading.
Market activity resulted from Proven Investments trading 91,568 ordinary shares at 22 US cents.
Trading ended with an average of 136,921 units for an average of $2,903,375 in contrast to 298,826 units for an average of $5,879,625 on Monday. The average volume and value for the month to date amounts to 259,489 units valued at $6,259,438 and previously 256,686 units valued at $6,288,571. 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 1 with a lower offer.
The major movers at the close of the market are, JMMB Group 7.5% preference share was the only stock trading over 1 million units, ending with 1.09 million shares.
Major price changes saw, Caribbean Cement gained $1.60 to $32.10, JMMB Group rose $1.50 to close at $26, Kingston Wharves climbed $3 to $33.50, PanJam Investment slipped by $1.36 to $39.89, Scotia Group added $2.45 to $52.95 and Productivity Business dropped $5 to end at $100.

For more details of market activities see – JSE volumes down as indices surge.

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

Main market in sharp fall – Monday

January 22, 2018 by

Prices mostly tumbled on the Main Market of the Jamaica Stock Exchange on Monday leading to the JSE All Jamaican Composite Index dived 3,788.87 points to 307,935.64 and the JSE Index dropped 3,452.09 points to 280,564.20.
Main and US market activities ended with 8 stocks rising, 12 declining and 11 trading firm as 27 securities traded versus 22 on Friday in the main market and 4 in the US market.
Market activity ended with 8,068,298 shares valued at $158,749,884, in contrast to 5,850,045 shares valued at $76,630,033 on Friday.
Trading in the US dollar market ended with 6,120 units changing hands with a value of US$11,012. The JSE US Equities Index closed with a gain of 2.51 points to end at 171.26 with 1 ordinary stock rising and 1 in the preference market declining.
Market activity resulted from JMMB 6% preference shares falling 2 cents in ending at US$1.08 with 2,000 stock units, Margaritaville rose 5 cents, concluding trading of 1,750 units at 25 US cents, Productivity Business finished trading at 55 US cents with 870 shares and Proven Investments trading 1,500 ordinary shares at 22 US cents.
Trading ended with an average of 298,826 units for an average of $5,879,625 in contrast to 265,911 units for an average of $3,483,183 on Friday. The average volume and value for the month to date amounts to 256,686 units valued at $6,288,571 and previously 256,118 units valued at $6,475,597. 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,

Caribbean Cement dropped $4.50 to $30.50 on Monday.

the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 1 with a lower offer.
The major movers at the close of the market are, Cable & Wireless with 1.2 million units, Jamaica Producers with 2 million shares and Wisynco Group exchanged 1.1 million units.
Price changes saw, Caribbean Cement dropped $4.50 to $30.50, JMMB Group falling $1.50 to close at $24.50, Kingston Wharves dropped $3 to $30.50, Sagicor Group gained $1 to end at $36 and Seprod fell $1.19 to close at $28.81.

For more details of market activities see – Trading picks up on JSE but prices dip.

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

Main market almost steady – Friday

January 19, 2018 by

Scotia Group dropped $2.99 to $50.

Trading on the Main Market of the Jamaica Stock Exchange ended on Friday with JSE All Jamaican Composite Index declined by 26.30 points to 311,724.51 and the JSE Index declined by 23.96 points to 284,016.29.
Main market activities ended with 11 stocks rising, 6 declining and 5 trading firm as 22 securities traded versus 22 on Thursday. Market activity ended with 5,850,045 shares valued at $76,630,033, in contrast to 4,616,878 shares valued at $176,039,060 on Thursday.
Trading in the US dollar market ended Proven Investments trading 20,256 ordinary shares with a value of US$4,456 at 22 US cents. The JSE US Equities Index closed with a loss of 0.09 points to 168.75.
Trading ended with an average of 265,911 units for an average of $3,483,183 in contrast to 164,889 units for an average of $6,287,109 on Thursday. The average volume and value for the month to date amounts to 256,686 units valued at $6,288,571 and previously 256,118 units valued at $6,475,597. 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.
The major movers at the close of the market are, Victoria Mutual Investments trading just under the million range, with 462,000 units changing hands and Wisynco Group exchanging 433,000 units, down from the 1 million range that they have been trading at shortly after listing in late December. Supreme Ventures traded 1.1 million units and JMMB Group 7.5% preference share ended with 1,660,100 shares trading.

Price changes saw, JMMB Group adding $1 to close at $26, Jamaica Producers gave back the $1.50 increase made on Thursday to end on Friday at $16.50, Kingston Wharves jumped $3.42 to $34.50, Salada Foods gaining $1.50 to end at $12.50, Scotia Group fell $2.99 to close at $50 and Seprod rose $1.50 back to $30.
For more details of market activities see – Buying of VM Investments & Wisynco eases.

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

Main market makes big gains – Thursday

January 19, 2018 by

Wisynco producers of Wata, traded 1.75 million shares on Thursday.

The Main Market of the Jamaica Stock Exchange recovered some lost ground on Thursday with JSE All Jamaican Composite Index jumping 1,681.33 points to 311,750.81 and the JSE Index climbing 1,531.89 points to 284,040.25.
Main market activities ended with 9 stocks rising, 11 declining and 5 trading firm as 22 securities traded versus 22 on Wednesday.
Market activity ended with 4,616,878 shares valued at $176,039,060, in contrast to 3,008,815 shares valued at $51,707,605 on Wednesday.
Trading in the US dollar market ended Proven Investments trading 78,270 ordinary shares with a value of US$17,207 at 22 US cents. The JSE US Equities Index closed with a loss of 0.09 points to 168.66.
Trading ended with an average of 164,889 units for an average of $6,287,109 in contrast to 136,764 units for an average of $2,350,346 on Wednesday. The average volume and value for the month to date amounts to 256,118 units valued at $6,475,597 and previously 263,882 units valued at $6,493,073. 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 2 stocks ended with bids higher than their last selling prices and 4 with lower offers.
The major movers at the close of the market are, Victoria Mutual Investments trading just under the million range, with 893,653 units changing hands and Wisynco Group exchanging 1,751,629 units. Price changes saw Berger Paints closing $1.49 higher at $18, Caribbean Cement jumping $2.50 to close at $35, Jamaica Producers closed $1.50 higher at $18, Kingston Wharves settled with a loss of $1.42 at $30.08 and Seprod concluded trading with a loss of $1.50 at $28.50.
For more details of market activities see – Demand rise for VM Investments & Wisynco .

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

Main market stocks lost altitude – Tuesday

January 16, 2018 by

The Main Market of the Jamaica Stock Exchange lost ground in moderate trading on Tuesday with an averse advance to decline ratio of almost 2 to 1.
At the close of the market the JSE All Jamaican Composite Index shed 751.79 points to 311,409.08 and the JSE Index declined by 684.96 points to 283,728.88.
Main market activities ended with 6 stocks rising, 10 declining and 9 trading firm as 24 securities including one from the bond segment, traded versus 22 securities on Monday.
Market activity ended with 2,769,195 shares valued at $33,208,767, in contrast to 3,228,645 units valued at $37,292,283 on Tuesday. In addition 4,910 units of ISP Finance corporate bonds traded at $110 each.
Activity in the US dollar market ended with 2 securities trading, resulting in Margaritaville concluding trading at 20 US cents with 8,034 units, Proven Investments trading 42,200 units at 22 US cents. Total volume for this market was 50,234 units with a value of US$10,921.The JSE US Equities Index closed with a gain of 0.18 points to 168.94.
Trading ended with an average of 118,216 units for an average of $1,443,859 in contrast to 146,757 units for an average of $1,695,104 on Monday. The average volume and value for the month to date amounts to 272,991 units valued at $ 6,818,573 and previously 285,526 units valued at $7,299,578. 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 4 with lower offers.
The major movers at the close of the market are, the two recently listed companies continuing to be in good demand but with volumes traded easing. At the close Victoria Mutual Investments continues to trade around the half a million range with 542,000 units changing hands and Wisynco Group exchanging 470,000 units down from the million units levels it been trading at before. Price changes saw Caribbean Cement jumping $1.45 to $33.50 falling $1 to $17 and PanJam Investment sliding $2.36 to $39.14.

For more details of market activities see – Wisynco volume slips below 500,000 shares.

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

Wisynco should list by year-end

December 22, 2017 by

NCB Capital Markets Manager, Origination and Structuring Stanley Thompson (left) exchanges laughs with Wisynco Group Limited Chairman William Mahfood during a signing ceremony commemorating a partnership with the local manufacturing and distribution giants. Sharing in the moment, too, are Wisynco Chief Executive Officer Andrew Mahfood and PriceWaterhouseCoopers Director Fiona Hyman

Investors who subscribed for share Wisynco Group’s Initial Public Offering in the General Public pool have been allocated up to the 25,000 units with any amount in excess is allocated 18.70 percent thereof.
Shares reserved for Employees, Strategic Investors and the Broker were fully taken up. The listing committee of the Jamaica Stock Exchange meets today to consider the listing of the shares and it is expected that trading in the stock should commence sometimes next week.
The Company offered 149,414,576 shares to raise approximately $1 billion to use in its operations but existing shareholders offered 635,085,424 shares for sale at the same time as a part of the overall offering. Up to 314,700,000 Shares in the Invitation were reserved for priority application from, of which 150,000,000 units for subscription by the Strategic Investors and 52,200,000 Shares for the Broker at the Subscription Price of $7.87 per Share to 112,500,000 Shares for employees and directors at $7.08 per Share.
NCB Capital Markets were the brokers to the offer that was heavily oversubscribed with issue being opened on Wednesday December 6.
Financially, the company is strong, with shareholders’ equity of $7.6 billion and cash of $4.75 billion as of September. Profits for the 3 months to September came out at $656 million versus $591 in 2016 and for the June 2017 fiscal year, $2.24 billion versus $2.3 billion in 2016, from revenues of $19.4 billion while in 2017 revenues were $21.25 billion. For the current fiscal year to June 2018, IC Insider.com is forecasting profit of $2.6 billion, around 70 cents per share, from revenues of $24.8 billion and $3.9 billion or $1.05 per share in 2019, from sales of $29 billion.

Filed Under: Initial Public Offers Tagged With: , ,