Welcome to The MoneyMax Market Insight for this week.
Highlights from last week include the continued movement of certain stocks. BPOW, GENAC, ELITE, CAR & VMIL (among others) are all trending at the moment (continuously advancing or declining for a number of weeks continuosly). View the trending stocks below for more information.
It would be interesting to discover why the market turned against GENAC. GENAC, peaked in Oct 2019 (just a few months ago) at $8.27 per share and then suddenly took a decline afterwards. It has been down every week except 2 since then, of the last 10 weeks.
Apologies for the late publication.
The insights for this week are below.
Popular This Week
Most traded stocks this week – ranked based on number of trades.
Best Performers For The Week
These are the stocks whose price increased the most over the week.
Company | Open | Close | Chg $ | Chg % | # Of Highs |
# Of Lows |
---|---|---|---|---|---|---|
EPLY7.50 | 4.60 | 6.10 | +1.50 | +32.61% | – | – |
PJX | 7.20 | 9.00 | +1.80 | +25.00% | – | – |
GWEST | 1.06 | 1.25 | +0.19 | +17.92% | – | – |
KPREIT | 6.87 | 8.00 | +1.13 | +16.45% | – | – |
CAC9.50 | 0.90 | 1.03 | +0.13 | +14.44% | – | – |
Note: Open and Close prices along with the movements are for the week-to-date.
Worst Performers For The Week
These are the stocks that saw their price fall the sharpest for the week.
Best Performers (MTD)
These are the stocks with the highest appreciation in price. Also note the number of highs they’ve hit for the period (a sign of how bullish the market is).
Company | Open | Close | Chg $ | Chg % | # Of Highs |
# Of Lows |
---|---|---|---|---|---|---|
EPLY7.50 | 4.60 | 6.10 | +1.50 | +32.61% | – | – |
GWEST | 0.99 | 1.25 | +0.26 | +26.26% | – | – |
PJX | 7.20 | 9.00 | +1.80 | +25.00% | – | – |
KPREIT | 6.63 | 8.00 | +1.37 | +20.66% | – | – |
DCOVE | 9.62 | 11.49 | +1.87 | +19.44% | – | – |
Note: Open and Close prices along with the movements are for the month-to-date.
Worst Performers (MTD)
These are the worst performing stocks (based on price) for the month. If they’ve hit new lows it’s also a sign that the market is willing to drop this stock at lower and lower prices.
Most Valuable Companies By Market Capitalization
Market capitalization is the total value of a business as determined by the market.
Top Dividend Stocks
The best stocks for dividends. Stocks with the highest yield and payment frequency.
Company | Yield | $ Amt Paid |
CCY |
---|---|---|---|
CAR | 8.25% | 0.6700 | JMD |
Proven | 4.03% | 0.0129 | USD |
EPLY | 3.14% | 0.4716 | JMD |
SVL | 3.02% | 0.7700 | JMD |
GK | 2.05% | 1.5500 | JMD |
Based on historical (ordinary) dividends paid over the last 12 months, and the current price. Yield/$ Amt paid does not include special dividends.
Other Top Dividend Stocks
Stocks with good yields but making less frequent payments
Company | Yield | $ Amt Paid |
How Often |
CCY |
---|---|---|---|---|
1834 | 6.96% | 0.0800 | 1 | JMD |
MPCCEL | 5.71% | 0.0890 | 1 | USD |
GENAC | 4.39% | 0.2839 | 2 | JMD |
MTL | 4.17% | 0.0150 | 1 | USD |
SML | 4.05% | 0.2427 | 2 | JMD |
Look at how often the payment is made and also consider if they have done it in prior years, or did it for special reasons.
Bid-Ask Spreads
Bids > Close Price. Bullish
These stocks are expected to appreciate in price. There is strong demand (smaller spreads) and bid and asks are above the previous close. Bid-ask spreads indicate demand and supply / market liquidity. Bid represents demand and ask supply.
Company | Close | Bid | Ask | Spread $ | Bid-Ask Spread % |
Bid Vs Close |
Ask Vs Close |
---|---|---|---|---|---|---|---|
PURITY | 1.69 | 1.85 | 1.90 | 0.05 | +2.70% | +9.47% | +12.43% |
SCIUSD | 0.14 | 0.15 | 0.18 | 0.03 | +20.00% | +7.14% | +28.57% |
Proven | 0.32 | 0.34 | 0.35 | 0.01 | +2.94% | +6.25% | +9.38% |
WISYNCO | 21.19 | 21.98 | 22.38 | 0.40 | +1.82% | +3.82% | +5.71% |
DCOVE | 11.49 | 11.84 | 11.93 | 0.09 | +0.76% | +3.57% | +4.35% |
MDS | 6.78 | 7.00 | 7.59 | 0.59 | +8.43% | +3.24% | +11.95% |
JMMBGL | 46.67 | 48.15 | 48.54 | 0.39 | +0.81% | +2.85% | +3.69% |
A small spread exists when a stock is being actively traded and has high volume – this is normally prefered as it allows orders to be filled quickly at the prices we want.
Bids < / = Close Price. Bearish
These stocks have bids (and possibly asks) below the latest close price. These tend to be stocks with low volumes and/or wider spreads. Small or unknown companies frequently exhibit lower trading volume because fewer investors are interested in relatively unknown firms.
Company | Close | Bid | Ask | Spread $ | Bid-Ask Spread % |
Bid Vs Close |
Ask Vs Close |
---|---|---|---|---|---|---|---|
ISP | 29.00 | 15.00 | 29.50 | 14.50 | +96.67% | -48.28% | +1.72% |
SILUS | 0.03 | 0.02 | 0.03 | 0.01 | +50.00% | -33.33% | 0.00% |
CFF | 15.00 | 10.10 | 17.00 | 6.90 | +68.32% | -32.67% | +13.33% |
SSLVC | 1.31 | 1.07 | 1.34 | 0.27 | +25.23% | -18.32% | +2.29% |
BPOW | 5.00 | 4.10 | 5.00 | 0.90 | +21.95% | -18.00% | 0.00% |
EPLY7.50 | 6.10 | 5.29 | 6.10 | 0.81 | +15.31% | -13.28% | 0.00% |
ROC | 4.00 | 3.50 | 4.00 | 0.50 | +14.29% | -12.50% | 0.00% |
Large bid-ask spreads on illiquid shares are also used by market makers to compensate themselves for assuming the risk of holding low-volume securities. A wide spread represents a higher premium for market makers.
Trending Stocks
Stocks seeing consecutive increases or decreases in prices and/or volume. Keep an eye on these stocks, especially the ones moving based on recent news.
Uptrending Prices. Consecutive price increases
- Kingston Properties Ltd – 6 days.
- Victoria Mutual Investments Ltd – 4 days.
- Proven Investments Limited – snapped its 4 day price increase trend (on Thu Jan 09)
- Seprod Ltd – snapped its 4 day price increase trend (on Thu Jan 09)
- Jamaica Money Market Brokers Group Ltd – snapped its 5 day price increase trend (on Tue Jan 07)
- GWest Corporation Ltd – snapped its 4 day price increase trend (on Tue Jan 07)
- Honey Bun (1982) Ltd – snapped its 4 day price increase trend (on Mon Jan 06)
- GraceKennedy Ltd – snapped its 4 day price increase trend (on Mon Jan 06)
Weekly Trends (Advancing)
The candlestick charts are a good way to explore these. Select a company and select a long enough range (like 1 year) and the bars will be summarized in weekly periods.
- Victoria Mutual Investments Ltd – 4 weeks.
- Caribbean Cement Company Ltd – 3 weeks.
- Dolphin Cove Ltd – 4 weeks.
- Kingston Properties Ltd – 3 weeks.
- SSL Venture Capital Jamaica Ltd – 3 weeks.
- Eppley Caribbean Property Fund – Value Fund – 3 weeks.
Uptrending Volumes. Consecutive volume increases
- Wigton Windfarm Ltd – 5 days.
- Jamaica Broilers Ltd – 4 days.
- Mayberry Jamaican Equities Ltd – snapped its 4 day volume increase trend (on Thu Jan 09).
- AMG Packaging & Paper Company Ltd – snapped its 4 day volume increase trend (on Thu Jan 09).
Downtrending Prices. Consecutive price decrease
- Wisynco Group Ltd – 5 days.
- Caribbean Cement Company Ltd – 4 days.
- Mayberry Jamaican Equities Ltd – broke its 4 day price decline (on Thu Jan 09).
- FosRich Company Ltd – broke its 4 day price decline (on Thu Jan 09).
- Jamaica Broilers Ltd – broke its 5 day price decline (on Wed Jan 08).
Weekly Trends (Declining)
The candlestick charts are a good way to explore these. Select a company and select a long enough range (like 1 year) and the bars will be summarized in weekly periods.
- General Accident Insurance Company Jamaica Ltd – 6 weeks.
- Carreras Ltd – 5 weeks.
- Cargo Handlers Ltd – 4 weeks.
- Elite Diagnostics Ltd – 5 weeks.
- Berger Paints Ltd – 4 weeks.
- Blue Power Group Ltd – broke its 8 week price decline (on Fri Jan 03).
Raging Bulls
(Top performers YTD)
Excluding new listings
Stocks with the highest gain in price YTD. Note the number of highs they’ve also hit since the start of the year
Company | Open | Close | Chg $ | Chg % | # Of Highs |
# Of Lows |
---|---|---|---|---|---|---|
EPLY7.50 | 4.60 | 6.10 | +1.50 | +32.61% | – | – |
GWEST | 0.99 | 1.25 | +0.26 | +26.26% | – | – |
PJX | 7.20 | 9.00 | +1.80 | +25.00% | – | – |
KPREIT | 6.63 | 8.00 | +1.37 | +20.66% | – | – |
DCOVE | 9.62 | 11.49 | +1.87 | +19.44% | – | – |
JAMT | 6.27 | 7.37 | +1.10 | +17.54% | – | – |
SSLVC | 1.14 | 1.31 | +0.17 | +14.91% | – | 1 |
Note: As stocks start to rise, there can be more and more greed in the stock market. You see more and more people thinking, ‘Oh yeah let’s put money on that stock because it’s going up.’ Watch out for that.
YTD Bears
(Worst performers)
Excluding new listings
Stocks losing the most value since the start of the year. Note the number of lows they’ve hit for the period as well
Company | Open | Close | Chg $ | Chg % | # Of Highs |
# Of Lows |
---|---|---|---|---|---|---|
PTL | 2.24 | 1.76 | -0.48 | -21.43% | – | – |
MEEG | 6.39 | 5.20 | -1.19 | -18.62% | – | – |
DTL9 | 2.18 | 1.80 | -0.38 | -17.43% | – | 1 |
TTECH | 6.52 | 5.52 | -1.00 | -15.34% | – | – |
CAC | 15.00 | 13.00 | -2.00 | -13.33% | – | – |
AFS | 34.47 | 30.40 | -4.07 | -11.81% | – | – |
SALF | 33.62 | 30.00 | -3.62 | -10.77% | – | – |
Note: Being ‘bearish’ is a sign of pessimism – thinking a stock is going to lose value. ‘Bearish’ investors, therefore, are likely to sell. In some cases (with research) you can take advantage of fear and greed – buying when there’s fear.
About The MoneyMax Market Insight – This is a compilation of stats and tips on the market. Each week we will highlight the best performing, trending & top ranked stocks and more – giving our members tips on what has been perfoming well and what to look forward to.