Buy rated: Coming in from the cold

A number of the Buy Rated stocks are coming in from the cold as prices rose during the last week of January.

The Jamaica Stock market made big strides, separate and apart from the flurry of trading action emanating from the landmark announcement of Sagicor Group’s acquisition of RBC’s Jamaica operations. Wednesday’s trading activity was the best day for months as 21 stocks advanced in price and the main market indices climbed sharply on three consecutive days.

The Jamaican main market trading had 8 stocks climbing and only 1 declining. Sagicor Group gained 18 percent in the aftermath of the RBC takeover, Scotia Group put on 7 percent, Barita gained 4 percent and Caribbean Cement 3 percent.

Percent on falling cubes280x150pxThe Junior market had mixed fortunes with three of the Buy Rated selections rising; Caribbean Producers gained 2 percent and Lasco Manufacturing 4 percent, while Caribbean Cream fell 9 percent and General Accident fell by 4 percent.

Only one stock lost value on the Trinidad Stock Market as First Citizens dipped 6 percent by week end and Sagicor Financial gained 4 percent.

Jamaica Stock Exchange | From inception of the Buy Rated list in July 2013, Barita is up 13 percent, Caribbean Cement 77 percent, Hardware & Lumber 76 percent, Sagicor Group 5 percent. Those with losses in the main market are all less than 10 percent with JMMB at 8 percent being the largest loser. Junior market stocks are not fearing as well with only Access Financial which was up to 44 percent when we pulled it and placed it as Market Watch. Caribbean Producers is up 35 percent so far and Blue Power way behind at 7 percent increase. The big losers so far are Lasco Manufacturing down 21 percent, Caribbean Cream 18 percent, Jamaican Teas off by 14 percent and Lasco Financial 10 percent.

BuyRated31Jan2014Trinidad Stock Market | First Citizens, which gained 52 percent in the first round, is up 2 percent since being reinstated to the Buy Rated list even as the price declined from its peak. Neal & Massy is now up 11 percent, Grace Kennedy 12 percent, One Caribbean Media 8 percent, Republic 6 percent, Trinidad Cement 130 percent and 12 percent for Sagicor Financial. The losers number only 4 with Guardian Holdings down 14 percent, JMMB 2 percent, Point Lisas 8 percent and Scotia Investments 24 percent.

The coming week could be interesting in the Jamaican market as the past week showed signs of increased interest in the market. Will the interest continue into February or  just a month-end dressing? Whatever the case, what is quite clear is that the supply of stocks for many of the Buy Rated stocks have been waning with some having virtually none on the sell side. February could see the return to a decisive bull market.

Related posts | RBC acquisition confirmed | First Citizens off Buy Rated list

Image courtesy of tungphoto/FreeDigitalPhotos.net

Cable & Wireless up 56% in January

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JSE: 4% gain for month

Friday, 31 January 2014 | The Jamaica stock market closed the first month of the year up 4 percent measured by the All Jamaica and the junior market indices. The market closed out the week on a high, continuing the strong gains recorded on Wednesday and Thursday.

The overall market recorded 11,559,237 shares changing hands for a value $99,774,593.75. The advance decline ratio changed from Thursday with only 7 prices closing with gains versus 9 that fell, even as the main market indices rose strongly with gains from Scotia Group and Desnoes and Geddes. Three stocks closed at 52 weeks high, Desnoes & Geddes, Knutsford Express and Cargo handlers.

The JSE Market Index gained 1,072.34 points to end at 82,387.81 and the JSE All Jamaican Composite advanced by 1,626.66 points to close at 85,382.43.

JSEIndicesJan31Main market gains | The number of stocks that rose were less than on Thursday as the following recorded gains; Desnoes & Geddes with 42,800 units as it hit a new 52 weeks high of $5.50 as the price rose by 50 cents; Caribbean Cement with 153,200 units close 10 cents higher at $4.75; Jamaica Money Market Brokers 8.75% preference share traded 159,671 units at 5 cents higher at $3.05; Sagicor Real Estate X Fund 91,192 units at $6.75 for a 25 cents gain and Scotia Group having 1,569,595 units trading to close up $1.43 at $21.94.

Firm Trades | Cable & Wireless traded firm with 1,584,941 shares at 25 cents; Hardware & Lumber 1,000 shares at $8.08; Jamaica Broilers Group 10,000 units at $4.75; Jamaica Producers Group 2,370 shares at $18.75; Jamaica Stock Exchange 888 shares at $2.10; Kingston Wharves 23,466 shares at $6.06; National Commercial Bank 63,871 units at $18; Radio Jamaica 1,312 shares $1.60; Sagicor Group 165,098 shares at $10 and Sagicor Investments Jamaica just 1,286 units at $20.

Losers | Proven Investments ordinary share with 236,350 units to close at US16 cents as the price slipped; Gleaner 3,000 shares at $1.10, a 2 cents fall; Jamaica Money Market Brokers 6,902,685 shares at $7.40 valued at $51,637,516 as the price slipped by 9 cents; Berger Paints 10,000 units at $1.75, down 10 cents; Carreras with 86,604 units to close at $33.50 down 49 cents; Pan Jamaican Investment 5,139 shares as the price slipped by 49 cents to $48.50 and Grace Kennedy 7,177 units at $55.50 off by 50 cents.

The JSE Junior Market Index inched up 2.69 points to close at 784.48 as more shares gained than lost.

Junior market gains | There were 3 stocks recording gains in the junior market as Cargo Handlers exchanged 5,292 shares as the price gained 43 cents to close at a new all-time high of $14.03; Lasco Distributors traded 50,000 units to close up 3 cents at $1.45; and Knutsford Express 1,690 units at $5.17 for a cent increase to a new all-time high.

Firm trades | Blue Power Group 5,000 shares at $9.80; Caribbean Cream 400units at 85 cents; Medical Disposables 69,267 shares at $2.10.

Losers | There were few losing stocks in the junior market as Lasco Financial traded 265,000 shares to close at $1.39 losing a cent and Lasco Manufacturing traded 39,500 units for 2 cents fall to $1.31.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 9 stocks with bids higher than the last selling prices and only 1 stock with a offer lower.

JSE: Sagicor Companies dominate trading

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Thursday, 30 January 2014 | Sagicor Group of companies were the dominant trades in the Jamaica stock market as investors responded to the news of the takeover of RBC Jamaican operations by trading 1,365,319 shares of Sagicor Group for $13,747,021 pushing the price up by a $1 to close at $10 and the also drove up Sagicor Investments price as it closed up by $1.50 at $20 but with only 6,279 share trading.

The stock market continued where it left off on Wednesday the more stocks recording gains than those that fell as the overall market recorded 7,033,415 shares changing hands for a value $33,797,672. Knutsford Express traded at a new 52 weeks high of $5.16. The advance decline ratio changed from Wednesday with only 11 prices closing with gains versus 7 that fell compared with 21 to 10 on Wednesday.

The JSE Market Index gained 774.99 points to end at 81,315.47 and the JSE All Jamaican Composite advanced by 1,175.59 points to close at 83,755.77.

Main market gainers | Kingston Wharves 3,000 units to close up by 6 cents at $6.06; Scotia Group with 78,163 units closed up 11 cents at $20.51; Scotia Investments  traded just 9,425 units but closing up 25 cents at $26.50; and Supreme Ventures 23,550 units to close up 13 cents at $2.43.

JSEIndicesJan30Losers | Berger Paints with 365,424 units closing at $1.85 and was off by a cent; Caribbean Cement with 23,000 units, closing down 35 cents to $4.65; Desnoes & Geddes 10,000 shares at $5.00 as the price eased by 15 cents; Grace Kennedy 32,000 shares to close at $56.00, down by 30 cents; Jamaica Broilers 31,531 units at $4.75 for a 25 cents fall; Jamaica Producers 480 units to close at $18.75, off by $1.05; and Pan Jamaican Investment Trust with only 554 shares to close down $1.01 at $48.99,

Firm traders | Cable & Wireless with 337,583 units at 25 cents; Carreras 55,258 units at $33.99; Jamaica Money Market Brokers with 3,900 ordinary shares at $7.49; Jamaica Money Market Brokers 8.75% preference share with 3,214,000 units at $3 and the 7.50% preference share with 260,400 units at $2; Mayberry Investments 6,797 shares at $2; Sagicor Real Estate X Fund 3,000 shares at $6.50; Salada Foods 8,950 shares at $9 and National Commercial Bank 59,462 units at $18.

The JSE Junior Market Index declined by 1.20 points to close at 781.79 with no stock recording a loss.

Junior market gainers | Lasco Financial 100,000 shares $1.40, up by 10 cents; 1,690 shares of Knutsford Express closing at $5.16, up 4 cents for a record high; Lasco Distributors 790,200 units at $1.42 for a cent gain and Lasco Manufacturing gained a cent to close at $1.33 with 61,905 units.

Firm trades | Blue Power 5,000 units at $9.80; Caribbean Producers at $2.75 with 171,045 shares and KLE Group with 4,900 at $1.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than the last selling prices and 3 stocks with offers that were lower.

JSE: Big day with 21 stocks gaining

Wednesday, 29th January 2014 | Nearly a third of the stocks listed recorded gains on Jamaica stock market as investors woke up to the news that Sagicor Group were to acquire RBC Royal Bank‘s Jamaica operations. It was, however, not a big day for volume or the value of stocks traded as 6,325,652 shares changed hands at a value of $46,429,845. Trading resulted in the indices gaining across the board.

The main market had one of its best days for some time with advancing stocks out numbering declining stocks by a good margin. Activity seems to have been stirred by the announcement of the takeover of RBC Jamaican operations leading to the JSE Market Index advancing by 972.98 points to 80,540.48 and the JSE All Jamaican Composite moving up by 1,475.93 points to close at 82,580.18.

Main market gains | The main market recorded the bulk of the stocks to record gains with Berger Paints posting 6,088 shares to close at $1.86 for a cent increase; Barita Investments 17,000 shares to close at $2.60, up 10 cents; Cable & Wireless 2,126,000 for a gain of 3 cents to close at a new 52 weeks high of 25 cents; Desnoes & Geddes 20,180 units as the price put on 15 cents to close at $5.15; Gleaner Company 58,932 units to close 2 cents up at $1.12; Jamaica Broilers 334,018 shares as the price closed up 24 cents at $5; Jamaica Money Market Brokers had only 600 units but the price closed at $7.49 put on 9 cents; Jamaica Producers 9,000 at $19.80 up $1.05; Kingston Wharves 49,000 units as the price gained 44 cents to end at $6; Mayberry Investments 100,000 as the price moved up by 17 cents at $2.

JSEIndicesJan29National Commercial Bank 326,899 units to close 20 cents up at $18; Pan Jamaican Investment Trust 169,554 shares gaining $1.80 to close at $50; Sagicor Investments with 186,619 shares to close at $18.5 for $1.83 gain; Proven Investments ordinary shares traded 8,236 and reached an all-time high of US18 cents for a 2 cent increase; Radio Jamaica 15,000 shares at $1.6 to close up by 8 cents. Sagicor Group 12,900 shares as the price gained 90 cents to close at $9 pushed by the news of RBC takeover; the bid at the close was at $9.80. Scotia Investments traded 200,100 and gained $1.25 to end at $26.25; Seprod with 12,500 shares closed at $10.90 up by 10 cents; Supreme Ventures 10,000 units closing at $$2.30 for 10 cents gain.

Losers | The losers were few with Caribbean Cement trading 578,900 shares and lost a cent to end at $5; Scotia Group 420,404 units to close at $20.40 down 10 cents; Grace Kennedy with 77,523 shares to close at $56.30, a fall of 70 cents.

The JSE Junior Market Index advanced by 8.54 points to close at 782.99 but only two stocks recorded gains for the day.

Junior market gains | Stocks to record gains are Caribbean Producers Jamaica 343,300 at a new 52 weeks high of $2.75, up by 5 cents; Access Financial 10,000 units at $11, a gain of $1.

Losers | The junior market suffered more declining than rising prices as AMG Packaging traded 5,854 units to close at $3.45 down 3 cents; Consolidated Bakeries 3,000 shares at $1.15 down 2 cents; Dolphin Cove 20,000 shares to close at $8.90, a loss of 10 cents; General Accident 22,670 shares at $1.80 for a decline of 5 cents; Lasco Distributors 128,800 shares closing at $1.41, off by a cent; Lasco Financial 480,544 units at $1.30 down by 5 cents; Lasco Manufacturing 128,000 shares down a cent at $1.32.

Firm trades | Derrimon Trading was the only stock to trade firm in the junior market with 2,000 units at $2.35.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had only 7 stocks with bids higher than the last selling prices and 2 stocks with offers that were lower.

JSE: Declines over power gains

Tuesday, 28th January 2014 | The Jamaica stock market saw a sharp reversal to Monday’s positive advance decline ratio with 14 stocks falling in price compared to only 5 that went up of the 29 securities that traded. Trading resulted in 5,570,700 shares changing hands valued at $8,124,125.54. Carreras and Caribbean Creams traded at 52 weeks low and Proven Investments traded at an all-time high.

The JSE Market Index dropped 286.54 points to 79,567.50 and the JSE All Jamaican Composite dipped 434.65 points to 81,104.25.

Main market winners | On a day when winners were hard to find, the main market had 3 of the stocks that recorded gains with the US dollar market having one. Berger Paints traded just 2,749 units but gained 5 cents to end at $1.85; Grace Kennedy exchanged only 1,800 units as the price closed at $57 for a $2 gain; Hardware & Lumber with 5,000 gaining 8 cents to close at $8.08; Proven Investments US dollar ordinary shares gained a cent to close at a new all-time high of US$0.16.

JSEIndicesJan28Losers | Stocks trading down include Caribbean Cement with 83,478 units closing 24 cents down at $5.01; Carreras with 49,567 shares closing down a cent at $33.99; Jamaica Money Market Brokers 10,000 shares at $7.40, down by 9 cents; Kingston Wharves with 8,600 units to close down 54 cents at $5.56; National Commercial Bank 93,182 units closing down 20 cents at $17.80; Radio Jamaica 11,330 shares to close down by 38 cents at $1.52; Scotia Group lost 10 cents to end at $20.50 as it traded 47,270 units; Supreme Ventures had 3,204,847 units changing hands at $2.20, down by 10 cents.

Firm traders | Stocks trading unchanged include Cable & Wireless 290,000 units closing at 22 cents; Desnoes & Geddes 8,175 units at $5; Sagicor Group 37,200 shares at $8.50; Sagicor Real Estate X Fund 9,265 units at $6.50; Scotia Investments with 60,000 shares at $25.

Trading of preference shares saw Jamaica Money Market Brokers 7.50% exchanging 100,000 units at $2 and the 8.75% traded just 10,000 shares at $3 while Proven Investments 8% swapped 16,204 units at $5.10.

The JSE Junior Market Index declined by 0.89 points to close at 774.45 as the majority of securities that traded declined with only one advancing.

Junior market winners | Medical Disposables, the sole security to close on the junior market with a gain had 227,616 units trading to close at $2.10, up 5 cents.

Losers | Caribbean Cream traded 610,000 to close at 85 cents but lost 8 cents; General Accident Insurance 27,000 shares but closed down 3 cents at $1.85; Lasco Distributors exchanged 171,160 units to close a cent down at $1.42; Lasco Financial Services had 83,750 units changing hands and shed 4 cents to close at $1.35 and Lasco Manufacturing exchanged 363,000 units, down 1 cent at $1.33.

Firm traders | Caribbean Producers Jamaica traded 10,000 to close unchanged at $2.70. Eppley was the other stock to close unchanged but with a miniscule volume.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had only 8 stocks with bids that were higher than the last selling prices and 2 stocks with offers lower.

JSE: Advances more than declines

Monday, 27th January 2014 | The prices of 10 stocks gained and 5 declined as 27 securities traded on the Jamaica stock market resulting in 4,095,869 units changing hands valued at just $8,124,126.

Three stocks closed at 52 weeks high at the end of trading. The improved gain to loss ratio was visible in the main market indices moving up as JSE Market Index gained by 217.41 points to close at 79,854.04 and the JSE All Jamaican Composite advanced by 329.79 points to 81,538.90. The JSE Junior Market Index, however, declined by 4.47 points to close at 775.34.

Main market advancers | Stocks advancing include Cable & Wireless with 1,940,868 units to close up 2 cents at 22 cents, a new 52 weeks high; Caribbean Cement also closed at a new 52 weeks high with 7,583 to end at $5.25 up by 65 cents; Jamaica Broilers 55,518 units, the price gained 3 cents to end at $4.77; Sagicor Investments 4,700 shares at $16.67, up by $1.06; Sagicor Real Estate X Fund 32,735 units at $6.50, up 20 cents; Scotia Group 100,768 units to close at $20.60, for a 10 cents gain; Seprod gained 20 cents to close at $10.80 with 2,000 shares.

JSEIndicesJan27Proven Investments US dollar ordinary shares traded 15,500 units at a new 52 weeks high of US$0.15 as it gained 1.7 US cents.

Firm traders | The main stocks with the last traded price remaining unchanged include Carreras with 11,978 units at $34; Kingston Wharves  8,575 units at $6.10; National Commercial Bank 8,930 units at $18; Supreme Ventures 1,008,700 units at $2.30.

In the preference section, Jamaica Money Market Brokers 7.50% had 292,000 units at $2 and 8.75% with 40,000 units at $3 and Proven Investments 8%, 35,200 shares at $5.10.

Decliners | Scotia Investments trading only 3,340 units to close at $25, for a decline of a $1.50.

Junior market advancers | Lasco Financial Services 289,314 shares at 1.39 up 2 cents and Lasco Manufacturing 132,120 shares to close at $1.34 up 8 cents.

Firm traders | Only one stock, Caribbean Flavours was unchanged with 38,243 shares, the price closed at $2.50.

Decliners | Three stocks declined including Medical Disposables with 21,000 shares, closing at $2.05, off by 5 cents; Lasco Distributors 31,790 shares at $1.43, down 2 cents and Paramount Trading 2,000 units with the price slipping 35 cents to $3.20.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with bids higher than the last selling prices and 4 stocks with offers that were lower.