Market Insights: Large Caps Drag Market Down – Feb 09, 2020

Welcome to The MoneyMax Market Insight for this week.

Apart from about 6 or 7 days, the Junior market has been on a non-stop decline since the start of 2020. The Junior market is now down -10.75% YTD, -3.75% this week. The main influencers include the largest stocks, which have declined significantly since the start of January.

  • LASM the largest Jr market company is down -11.94%
  • LASD the 2nd largest is down -6.21%
  • FTNA the 3rd largest is down -11.54%
  • Others have declined as well but those 3 give an idea of what has been dragging the market down

Similarly, The Financial Index, which comprises a lot of the larger stocks on the overall market (by market capitalization), has also been on a decline – going down everyday this week (-3.46%) and (-4.79% YTD). This is heavily influenced by NCBFG down -5.15% YTD and SJ down -8.58% YTD and -9.58% this week.

Notice that there has been increasing volumes as well.

One of the things we’re discussing now, is whether these prices are corrections (if they were overpriced) or whether these are now bargains that we should be looking at. What do you think?

The insights for this week are below.

Popular This Week

Most traded stocks this week – ranked based on number of trades.

Company Close Chg $ Chg % Vol
WIG 0.84 -0.09 -9.68% 45.9m
SELECTF 1.05 +0.02 +1.94% 52.0m
NCBFG 186.52 -2.38 -1.26% 759.0k
QWI 0.90 -0.03 -3.23% 13.9m
JMMBGL 42.90 -3.38 -7.30% 541.6k
WISYNCO 22.05 -0.99 -4.30% 741.0k

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
PULS 6.49 8.02 +1.53 +23.57% 1
138SL 4.24 5.00 +0.76 +17.92% 1
MTL 0.31 0.35 +0.04 +12.90%
RJR 1.58 1.70 +0.12 +7.59%
SCIUSD 0.16 0.17 +0.01 +6.25%

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
SILUS 0.03 0.02 -0.01 -33.33%
KPREIT 7.50 6.00 -1.50 -20.00%
CBNY 0.12 0.10 -0.02 -16.67%
DTL9 1.80 1.50 -0.30 -16.67% 1
AFS 34.81 29.02 -5.79 -16.63%

Note: Open and Close prices along with the movements are for the week-to-date.

Most Valuable Companies By Market Capitalization

Market capitalization is the total value of a business as determined by the market.

Main Market

Company Value J$ $ Chg
vs PY
Industry
NCBFG 460.1b +92.3b Banks
SJ 286.6b +132.0b Insurance
SGJ 173.1b +7.6b Banks
PJAM 106.8b +31.0b Diversified Financial Services
KW 96.3b -3.6b Transportation Infrastructure
WISYNCO 86.4b +47.6b Food Products
JMMBGL 75.5b +22.6b Capital Markets

Junior Market

Company Value J$ $ Chg
vs PY
Industry
LASM 16.7b +3.4b Food Products
LASD 10.5b -2.1b Food & Staples Retailing
FTNA 8.6b +4.2b Food & Staples Retailing
AFS 8.0b -3.7b Consumer Finance
GENAC 6.4b +2.5b Insurance
KEX 5.0b -1.1b Road & Rail
LASF 4.6b -957.9m Consumer Finance

Top Dividend Stocks

The best stocks for dividends. Stocks with the highest yield and payment frequency.

Company Yield $ Amt
Paid
CCY
CAR 8.34% 0.6700 JMD
Proven 4.16% 0.0129 USD
SVL 3.57% 0.7700 JMD
EPLY 3.35% 0.4716 JMD
GK 2.11% 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 7.84% 0.0800 1 JMD
MPCCEL 5.94% 0.0890 1 USD
GENAC 4.60% 0.2839 2 JMD
SML 4.33% 0.2427 2 JMD
SALF 3.59% 1.1500 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
DCOVE 9.91 10.30 11.40 1.10 +10.68% +3.94% +15.04%
CAC 13.50 14.00 16.50 2.50 +17.86% +3.70% +22.22%
KW 64.77 66.09 68.00 1.91 +2.89% +1.90% +4.85%
EPLY8.25 5.70 5.80 6.00 0.20 +3.45% +1.75% +5.26%
FTNA 6.21 6.25 6.54 0.29 +4.64% +0.64% +5.31%
CCC 67.56 67.80 69.00 1.20 +1.77% +0.36% +2.13%
ROC 3.45 3.45 3.99 0.54 +15.65% 0.00% +15.65%

A small spread exists when a stock is being actively traded and has high volume – this is normally preferred 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
CFF 16.00 10.16 16.00 5.84 +57.48% -36.50% 0.00%
PTL 1.71 1.15 1.89 0.74 +64.35% -32.75% +10.53%
AFS 29.02 21.02 29.75 8.73 +41.53% -27.57% +2.52%
MTL 0.35 0.27 0.30 0.03 +11.11% -22.86% -14.29%
138SL 5.00 4.00 4.40 0.40 +10.00% -20.00% -12.00%
XFUND 9.60 7.85 9.80 1.95 +24.84% -18.23% +2.08%
CHL 8.17 7.00 8.17 1.17 +16.71% -14.32% 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.

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
PULS 6.00 8.02 +2.02 +33.67% 3
PJX 7.20 9.60 +2.40 +33.33% 3
EPLY7.50 4.60 6.05 +1.45 +31.52%
CAC9.50 0.90 1.18 +0.28 +31.11%
138SL 4.24 5.00 +0.76 +17.92% 1
KLE 1.75 2.04 +0.29 +16.57%
PBS 0.65 0.75 +0.10 +15.38% 2

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
SILUS 0.03 0.02 -0.01 -33.33%
DTL9 2.18 1.50 -0.68 -31.19% 2
ISP 31.99 22.10 -9.89 -30.92%
PTL 2.24 1.71 -0.53 -23.66%
MIL 9.00 7.17 -1.83 -20.33%
DTL 2.56 2.05 -0.51 -19.92% 2
ELITE 4.99 4.02 -0.97 -19.44%

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 performing well and what to look forward to.

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