JSE Daily: Every time there is a solar eclipse, the market… – Aug 21, 2017

August 21, 2017

Stock market performance report for Monday 21st of August 2017 below.

Jamaica Stock Exchange (JSE)

  • Is there any correlation between an eclipse and how the stock market performs? Maybe. There are varying views out there. One of the views is that US equity prices have climbed an average of 17.2% in the year following total solar eclipses visible from the US, according to data compiled by LPL Financial. The last time came in July 1991, after which stocks rose 9.9%.
    • “History has shown us that since 1900, any time a total solar eclipse has been seen in the U.S., equity prices have gone up,” LPL Financial senior market strategist Ryan Detrick wrote in a recent blog post.
    • Is this our lucky year here in Jamaica and the Caribbean? Who knows.
    • Of course, this research must be taken with a grain of salt. There are so many other drivers of equity performance that any correspondence with the solar calendar should be viewed as coincidental byproduct.
    • There’s a full chart with US stock market performance after each eclipse here

Summary

  • JSE Combined Index – 7.1m shares / $63.0m traded. (17 Advanced / 25 Declined / 9 Firm) .
  • There were 1 new 52-week highs and no 52-week lows today.

Market Performance

  • Ordinary Shares – Main Market – 2,061,288 shares, 27 stocks traded, 8 not traded.
  • Ordinary Shares – Junior Market – 4,968,253 shares, 22 stocks traded, 9 not traded.
  • Preference Shares – Junior Market – 0 shares, 0 stocks traded, 4 not traded.
  • Preference Shares – Main Market – 108,324 shares, 28 stocks traded, 14 not traded.

Top 5 Advancing Stocks (view all advancing stocks here)

  1. Jamaica Producers Group Ltd (JP) shares advanced 13.73% or +1.81 to close at J$14.99 with 47,619 shares traded. (Today’s range: J$14.95 – J$15.00)
  2. Lasco Financial Services Ltd (LASF) shares advanced 12.25% or +0.43 to close at J$3.94 with 106,434 shares traded. (Today’s range: J$3.50 – J$4.00)
  3. Salada Foods Ltd (SALF) shares advanced 5.26% or +0.50 to close at J$10.00 with 250 shares traded.
  4. Jamaican Teas Ltd (JAMT) shares advanced 4.28% or +0.21 to close at J$5.12 with 55,118 shares traded. (Today’s range: J$5.00 – J$5.30)
  5. Lasco Distributors Ltd (LASD) shares advanced 3.13% or +0.21 to close at J$6.91 with 206,005 shares traded. (Today’s range: J$6.83 – J$7.00)

Top 5 (Intra-Day) Advancing Stocks (Not including the top 5 advancers above)

  1. Berger Paints Ltd (BRG) traded between -3.10% and 16.90% above yesterday’s closing price of J$14.50 ( from J$14.05 to J$16.95) . It closed at J$14.71.
  2. K.L.E. Group Ltd (KLE) traded between 1.90% and 16.11% above yesterday’s closing price of J$2.11 ( from J$2.15 to J$2.45) . It closed at J$2.15.
  3. Jamaica Broilers Ltd (JBG) traded between 1.46% and 6.32% above yesterday’s closing price of J$16.46 ( from J$16.70 to J$17.50) . It closed at J$16.88.
  4. Supreme Ventures Ltd (SVL) traded between 0.12% and 5.26% above yesterday’s closing price of J$8.55 ( from J$8.56 to J$9.00) . It closed at J$8.75.
  5. Honey Bun (1982) Ltd (HONBUN) traded between -6.25% and 4.17% above yesterday’s closing price of J$4.80 ( from J$4.50 to J$5.00) . It closed at J$4.73.

Top 5 Value Traded

  1. GraceKennedy Ltd (GK) shares valued at J$10.6m were traded. The stock moved -3.49% or -1.44 to close at J$39.87 with 262,645 units traded. (Today’s range: J$39.00 – J$41.50)
  2. Jamaica Money Market Brokers Group Ltd (JMMBGL) shares valued at J$7.2m were traded. The stock moved +2.18% or +0.46 to close at J$21.60 with 332,817 units traded. (Today’s range: J$21.40 – J$22.00)
  3. Scotia Group Jamaica (SGJ) shares valued at J$5.10m were traded. The stock moved -1.51% or -0.70 to close at J$45.60 with 130,119 units traded. (Today’s range: J$45.02 – J$46.99)
  4. K.L.E. Group Ltd (KLE) shares valued at J$5.3m were traded. The stock moved +1.90% or +0.04 to close at J$2.15 with 2,305,004 units traded. (Today’s range: J$2.15 – J$2.45)
  5. NCB Financial Group Ltd (NCBFG) shares valued at J$4.9m were traded. The stock moved +1.37% or +1.21 to close at J$89.29 with 54,845 units traded. (Today’s range: J$88.09 – J$90.95)

Top 5 Volume Traded

  1. K.L.E. Group Ltd (KLE) – 2.3m units traded. The shares moved +1.9% or +0.04 to close at J$2.15 (Today’s range: J$2.15 – J$2.45)
  2. Stationery & Office Supplies Ltd (SOS) – 961.0k units traded. The shares moved -6.39% or -0.29 to close at J$4.25 (Today’s range: J$4.10 – J$4.55)
  3. Consolidated Bakeries (Jamaica) Ltd (PURITY) – 626.0k units traded. The shares moved 0% or 0.00 to close at J$2.15 (Today’s range: J$2.00 – J$2.15)
  4. Cable & Wireless Jamaica (CWJ) – 549.2k units traded. The shares moved -0.79% or -0.01 to close at J$1.26 (Today’s range: J$1.20 – J$1.32)
  5. Jamaica Money Market Brokers Group Ltd (JMMBGL) – 332.8k units traded. The shares moved +2.18% or +0.46 to close at J$21.60 (Today’s range: J$21.40 – J$22.00)

Top 5 Declining Stocks (view all declining stocks here)

  1. Margaritaville (Turks) Ltd (MTL) declined -9.09% or -0.0300 to close at US$0.3000 (trading between US$0.3000 and US$0.3000) with 421 shares traded
  2. Stationery & Office Supplies Ltd (SOS) declined -6.39% or -0.29 to close at J$4.25 (trading between J$4.10 and J$4.55) with 961,015 shares traded
  3. tTech Limited (TTECH) declined -5.70% or -0.45 to close at J$7.44 (trading between J$6.00 and J$7.50) with 6,000 shares traded
  4. Proven Investments Ltd (Proven) declined -4.17% or -0.0100 to close at US$0.2300 (trading between US$0.2300 and US$0.2400) with 5,663 shares traded
  5. Cargo Handlers Ltd (CHL) declined -3.91% or -0.43 to close at J$10.57 (trading between J$10.50 and J$10.60) with 15,000 shares traded

Top 5 (Intra-Day) Declining Stocks (Not including the top 5 decliners above)

  1. Caribbean Cream Ltd (KREMI) traded between 0.30% and -10.85% below yesterday’s closing price of J$6.73 (from J$6.00 to J$6.75) . It closed at J$6.52.
  2. Main Event Entertainment Group Ltd (MEEG) traded between 1.60% and -10.00% below yesterday’s closing price of J$5.00 (from J$4.50 to J$5.08) . It closed at J$4.91.
  3. Consolidated Bakeries (Jamaica) Ltd (PURITY) traded as low as -6.98% below yesterday’s closing price of J$2.15 (between J$2.00 and J$2.15) . It closed at J$2.15.
  4. Honey Bun (1982) Ltd (HONBUN) traded between 4.17% and -6.25% below yesterday’s closing price of J$4.80 (from J$4.50 to J$5.00) . It closed at J$4.73.
  5. GraceKennedy Ltd (GK) traded between 0.46% and -5.59% below yesterday’s closing price of J$41.31 (from J$39.00 to J$41.50) . It closed at J$39.87.

52-Week High/Lows

1 stock(s) hit 52-week highs today. (more about these stocks here)

  1. Supreme Ventures Ltd – J$9.00. (Today’s range: J$8.56 – J$9.00)

Note:

  • JSE Combined Index (J$) includes Ordinary Shares – Main Market and Ordinary Shares – Junior Market
  • JSE Market Index (J$) includes Ordinary Shares – Main Market, Preference Shares – Junior Market, and Preference Shares – Main Market
  • JSE Junior Market Index (J$) includes Ordinary Shares – Junior Market, and Preference Shares – Junior Market
  • JSE US Equities Index (US$) includes Ordinary Shares – US Market, and US Denominated Shares – Main Market

 

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