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Welcome to The MoneyMax Market Insight, for the week ending Friday Jan 17, 2020.
On Friday, VMIL ended its 5 straight week of consecutive price increases.
As at Friday, the stock has also been up 9 days straight and continues to see growth. It’s amazing, as this was a stock that traded in the $4 region for majority of the time that it has been listed.
However, around July last year the market suddenly took a serious liking to the stock and it literally doubled within a few days. Now it is blazing past the $10 region and could hit $12 any time now.
There are also few other trending stocks so take a look below. GENAC, ELITE and JBG are among those which are on steep declines; while GK and JSE continue to trend upwards.
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 |
|---|---|---|---|---|---|---|
| SCIUSD | 0.14 | 0.18 | +0.04 | +28.57% | 1 | – |
| MEEG | 5.20 | 6.37 | +1.17 | +22.50% | – | – |
| ICREATE | 0.73 | 0.86 | +0.13 | +17.81% | – | – |
| KLE | 1.76 | 2.04 | +0.28 | +15.91% | – | – |
| MPCCEL | 210.00 | 231.00 | +21.00 | +10.00% | – | – |
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.
| Company | Open | Close | Chg $ | Chg % | # Of Highs |
# Of Lows |
|---|---|---|---|---|---|---|
| JMMBGL5.75C | 2.02 | 1.72 | -0.30 | -14.85% | – | 1 |
| KEX | 10.51 | 9.11 | -1.40 | -13.32% | – | 1 |
| JETCON | 1.70 | 1.48 | -0.22 | -12.94% | – | – |
| JMMBGL7.50 | 0.80 | 0.70 | -0.10 | -12.50% | – | – |
| BPOW | 5.00 | 4.41 | -0.59 | -11.80% | – | – |
Note: Open and Close prices along with the movements are for the week-to-date.
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% | – | – |
| PJX | 7.20 | 8.86 | +1.66 | +23.06% | – | – |
| VMIL | 8.96 | 10.94 | +1.98 | +22.10% | 3 | – |
| ICREATE | 0.70 | 0.85 | +0.15 | +21.43% | – | – |
| DCOVE | 9.62 | 11.60 | +1.98 | +20.58% | – | – |
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.
| Company | Open | Close | Chg $ | Chg % | # Of Highs |
# Of Lows |
|---|---|---|---|---|---|---|
| DTL9 | 2.18 | 1.80 | -0.38 | -17.43% | – | 1 |
| TTECH | 6.52 | 5.50 | -1.02 | -15.64% | – | – |
| PTL | 2.24 | 1.90 | -0.34 | -15.18% | – | – |
| JMMBGL5.75C | 2.02 | 1.72 | -0.30 | -14.85% | – | 1 |
| JMMBGL7.50 | 0.81 | 0.70 | -0.11 | -13.58% | – | – |
Note: Open and Close prices along with the movements are for the month-to-date.
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 | 8.22% | 0.6700 | JMD |
| Proven | 3.91% | 0.0129 | USD |
| SVL | 3.21% | 0.7700 | JMD |
| EPLY | 3.14% | 0.4716 | JMD |
| GK | 2.15% | 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 | 7.27% | 0.0800 | 1 | JMD |
| MPCCEL | 5.19% | 0.0890 | 1 | USD |
| GENAC | 4.46% | 0.2839 | 2 | JMD |
| SML | 4.41% | 0.2427 | 2 | JMD |
| MTL | 4.17% | 0.0150 | 1 | USD |
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 |
|---|---|---|---|---|---|---|---|
| KEX | 9.11 | 10.00 | 10.05 | 0.05 | +0.50% | +9.22% | +9.77% |
| DCOVE | 11.00 | 11.11 | 11.12 | 0.01 | +0.09% | +5.45% | +5.55% |
| ELITE | 4.38 | 4.50 | 4.88 | 0.38 | +8.44% | +2.74% | +11.42% |
| JBG | 36.18 | 36.97 | 38.97 | 2.00 | +5.41% | +2.27% | +7.79% |
| TTECH | 5.50 | 5.60 | 6.13 | 0.53 | +9.46% | +1.82% | +11.45% |
| LASM | 4.16 | 4.22 | 4.48 | 0.26 | +6.16% | +1.44% | +7.69% |
| JMMBGL | 47.46 | 47.87 | 48.32 | 0.45 | +0.94% | +1.14% | +2.09% |
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 | 29.50 | 15.02 | 22.10 | 7.08 | +47.14% | -49.08% | -25.08% |
| SILUS | 0.03 | 0.02 | 0.03 | 0.01 | +50.00% | -33.33% | 0.00% |
| CFF | 15.02 | 10.10 | 17.00 | 6.90 | +68.32% | -32.76% | +13.18% |
| SSLVC | 1.20 | 1.02 | 1.20 | 0.18 | +17.65% | -15.00% | 0.00% |
| PJX | 8.99 | 7.70 | 9.00 | 1.30 | +16.88% | -14.35% | +0.11% |
| EPLY7.50 | 6.10 | 5.29 | 6.10 | 0.81 | +15.31% | -13.28% | 0.00% |
| ROC | 4.00 | 3.50 | 3.98 | 0.48 | +13.71% | -12.50% | -0.50% |
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
- Victoria Mutual Investments Ltd – 9 days.
- iCreate Ltd – 6 days.
- Jamaica Stock Exchange Ltd – 5 days.
- Lumber Depot Ltd – 4 days.
- Access Financial Services Ltd – snapped its 4 day price increase trend (on Thu Jan 16)
- Jamaican Teas Ltd – snapped its 4 day price increase trend (on Tue Jan 14)
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 – 5 weeks.
- GraceKennedy Ltd – 4 weeks.
- Jamaica Stock Exchange Ltd – 4 weeks.
- iCreate Ltd – 3 weeks.
- Productive Business Solutions Ltd – 3 weeks.
- PanJam Investment limited – 3 weeks.
- Pulse Investments – 3 weeks.
- Dolphin Cove Ltd – snapped its 4 week price increase trend (on Mon Jan 06)
- Kingston Properties Ltd – snapped its 3 week price increase trend (on Mon Jan 06)
- SSL Venture Capital Jamaica Ltd – snapped its 3 week price increase trend (on Mon Jan 06)
Downtrending Prices. Consecutive price decrease
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 – 7 weeks.
- Elite Diagnostics Ltd – 6 weeks.
- Jamaica Broilers Ltd – 4 weeks.
- QWI Investments Ltd – 4 weeks.
- 138 Student Living Jamaica Limited – 3 weeks.
- Everything Fresh Ltd – 3 weeks.
- Jetcon Corporation Limited – 3 weeks.
- Caribbean Cream Ltd – 3 weeks.
- Lasco Distributors Ltd – 3 weeks.
- Lasco Manufacturing Ltd – 3 weeks.
- Stationery & Office Supplies Ltd – 3 weeks.
- Carreras Ltd – broke its 5 week price decline (on Mon Jan 06).
- Lumber Depot Ltd – broke its 3 week price decline (on Mon Jan 06).
Uptrending Volumes. Consecutive volume increases
- IronRock Insurance Company Limited – 5 days.
- Knutsford Express Services Ltd – 4 days.
- Ciboney Group Ltd – 4 days.
- Seprod Ltd – 4 days.
- Sterling Investments Ltd – 4 days.
- Mayberry Jamaican Equities Ltd – 4 days.
- Consolidated Bakeries (Jamaica) Ltd – 4 days.
- Sterling Investments Limited – snapped its 5 day volume increase trend (on Thu Jan 16).
- Stationery & Office Supplies Ltd – snapped its 4 day volume increase trend (on Thu Jan 16).
- Everything Fresh Ltd – snapped its 4 day volume increase trend (on Wed Jan 15).
- – snapped its 4 day volume increase trend (on Wed Jan 15).
- Victoria Mutual Investments Ltd – snapped its 4 day volume increase trend (on Wed Jan 15).
- The Limners and Bards Limited – snapped its 4 day volume increase trend (on Tue Jan 14).
- Jamaican Teas Ltd – snapped its 4 day volume increase trend (on Tue Jan 14).
- Sagicor X Fund – snapped its 4 day volume increase trend (on Tue Jan 14).
- Elite Diagnostics Ltd – snapped its 4 day volume increase trend (on Tue Jan 14).
- Jamaica Money Market Brokers Group Ltd – snapped its 4 day volume increase trend (on Mon Jan 13).
- Caribbean Cement Company Ltd – snapped its 4 day volume increase trend (on Mon Jan 13).
Downtrending Volumes. Consecutive volume decreases
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% | – | – |
| PJX | 7.20 | 8.86 | +1.66 | +23.06% | – | – |
| VMIL | 8.96 | 10.94 | +1.98 | +22.10% | 3 | – |
| ICREATE | 0.70 | 0.85 | +0.15 | +21.43% | – | – |
| DCOVE | 9.62 | 11.60 | +1.98 | +20.58% | – | – |
| KEY | 3.20 | 3.78 | +0.58 | +18.13% | – | – |
| KLE | 1.75 | 2.05 | +0.30 | +17.14% | – | – |
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 |
|---|---|---|---|---|---|---|
| DTL9 | 2.18 | 1.80 | -0.38 | -17.43% | – | 1 |
| TTECH | 6.52 | 5.50 | -1.02 | -15.64% | – | – |
| PTL | 2.24 | 1.90 | -0.34 | -15.18% | – | – |
| JMMBGL5.75C | 2.02 | 1.72 | -0.30 | -14.85% | – | 1 |
| JMMBGL7.50 | 0.81 | 0.70 | -0.11 | -13.58% | – | – |
| MJE | 12.97 | 11.21 | -1.76 | -13.57% | – | – |
| CCC | 83.41 | 72.13 | -11.28 | -13.52% | – | – |
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.
