JSE Daily: Light Trading Day. JETCON Rating Inside – Jun 05, 2017

June 5, 2017

Stock market performance report for Monday 5th of June 2017 below.

Jamaica Stock Exchange (JSE)

Summary

  • JSE Combined Index – 2.1m shares / $15.7m traded. (24 Advanced / 16 Declined / 10 Firm).
  • JMMB has put an Underweight rating on JETCON. Their analysis is that at the current price the stock is overvalued (compared to their estimated intrinsic value at ~$10.10). While they believe the company is sound with strong revenues, earning growth and no debt, they believe the stock is trading above their determination of its fair value. Underweight means investors should consider reducing their holding, so that it “weighs” less.
  • There were 1 new 52-week highs and no 52-week lows today.

Market Performance

  • Ordinary Shares – Main Market – 738,584 shares, 30 stocks traded, 5 not traded.
  • Ordinary Shares – Junior Market – 995,944 shares, 18 stocks traded, 11 not traded.
  • Preference Shares – Junior Market – 0 shares, 0 stocks traded, 4 not traded.
  • Preference Shares – Main Market – 420,984 shares, 27 stocks traded, 14 not traded.

Top 5 Advancing Stocks (view all advancing stocks here)

  1. Salada Foods Ltd (SALF) shares advanced 14.47% or +1.23 to close at J$9.73 with 350 shares traded. (Today’s range: J$9.05 – J$10.00)
  2. Sterling Investments Ltd (SIL) shares advanced 9.03% or +1.40 to close at J$16.90 with 5,000 shares traded.
  3. Honey Bun (1982) Ltd (HONBUN) shares advanced 7.22% or +0.40 to close at J$5.94 with 9,225 shares traded. (Today’s range: J$5.70 – J$6.10)
  4. tTech Limited (TTECH) shares advanced 6.67% or +0.50 to close at J$8.00 with 216 shares traded.
  5. Derrimon Trading Company Ltd (DTL) shares advanced 4.33% or +0.39 to close at J$9.39 with 170,374 shares traded. (Today’s range: J$8.50 – J$9.50)

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

  1. Knutsford Express Services Ltd (KEX) traded between 0.50% and 5.79% above yesterday’s closing price of J$16.07 ( from J$16.15 to J$17.00) . It closed at J$16.67.
  2. GraceKennedy Ltd (GK) traded between 0.02% and 4.90% above yesterday’s closing price of J$40.99 ( from J$41.00 to J$43.00) . It closed at J$41.61.
  3. 1834 Investments Limited (1834) traded between 1.40% and 4.90% above yesterday’s closing price of J$1.43 ( from J$1.45 to J$1.50) . It closed at J$1.49.
  4. Jetcon Corporation Limited (JETCON) traded between -1.06% and 4.71% above yesterday’s closing price of J$14.21 ( from J$14.06 to J$14.88) . It closed at J$14.79.
  5. Sagicor X Fund (XFUND) traded as high as 4.55% above yesterday’s closing price of J$11.00 (between J$11.00 and J$11.50) . It closed at J$11.10.

Top 5 Value Traded

  1. Caribbean Producers Jamaica (CPJ) shares valued at J$1.7m were traded. The stock moved 0.00% or 0.00 to close at J$3.50 with 487,000 units traded.
  2. Jetcon Corporation Limited (JETCON) shares valued at J$1.6m were traded. The stock moved +4.08% or +0.58 to close at J$14.79 with 110,950 units traded. (Today’s range: J$14.06 – J$14.88)
  3. Derrimon Trading Company Ltd (DTL) shares valued at J$1.5m were traded. The stock moved +4.33% or +0.39 to close at J$9.39 with 170,374 units traded. (Today’s range: J$8.50 – J$9.50)
  4. Sagicor Group Jamaica Ltd (SJ) shares valued at J$1.4m were traded. The stock moved +0.09% or +0.03 to close at J$34.27 with 39,894 units traded. (Today’s range: J$34.20 – J$34.99)
  5. Knutsford Express Services Ltd (KEX) shares valued at J$1.4m were traded. The stock moved +3.73% or +0.60 to close at J$16.67 with 81,774 units traded. (Today’s range: J$16.15 – J$17.00)

Top 5 Volume Traded

  1. Caribbean Producers Jamaica (CPJ) – 487.0k units traded. The shares moved 0% or 0.00 to close at J$3.50
  2. Jamaica Money Market Brokers Ltd 7.50% (JMMBGL7.50) – 415.0k units traded. The shares moved 0% or 0.00 to close at J$1.15
  3. Derrimon Trading Company Ltd (DTL) – 170.4k units traded. The shares moved +4.33% or +0.39 to close at J$9.39 (Today’s range: J$8.50 – J$9.50)
  4. Radio Jamaica Ltd (RJR) – 145.8k units traded. The shares moved -0.59% or -0.01 to close at J$1.69 (Today’s range: J$1.67 – J$1.70)
  5. Jetcon Corporation Limited (JETCON) – 110.10k units traded. The shares moved +4.08% or +0.58 to close at J$14.79 (Today’s range: J$14.06 – J$14.88)

Top 5 Declining Stocks (view all declining stocks here)

  1. Pulse Investments (PULS) declined -11.11% or -2.00 to close at J$16.00 (trading between J$16.00 and J$16.00) with 9,313 shares traded
  2. Lasco Manufacturing Ltd (LASM) declined -4.33% or -0.22 to close at J$4.86 (trading between J$4.81 and J$5.00) with 37,127 shares traded
  3. Lasco Financial Services Ltd (LASF) declined -3.93% or -0.17 to close at J$4.16 (trading between J$4.05 and J$4.33) with 11,325 shares traded
  4. Scotia Group Jamaica (SGJ) declined -3.82% or -1.74 to close at J$43.83 (trading between J$43.10 and J$44.00) with 6,424 shares traded
  5. Scotia Investments Jamaica Ltd (SIJL) declined -3.57% or -1.35 to close at J$36.50 (trading between J$36.50 and J$36.50) with 750 shares traded

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

  1. Jamaica Money Market Brokers Group Ltd (JMMBGL) traded between 0.84% and -6.05% below yesterday’s closing price of J$20.33 (from J$19.10 to J$20.50) . It closed at J$20.31.
  2. Derrimon Trading Company Ltd (DTL) traded between 5.56% and -5.56% below yesterday’s closing price of J$9.00 (from J$8.50 to J$9.50) . It closed at J$9.39.
  3. Kingston Properties Ltd (KPREIT) traded between -0.26% and -4.51% below yesterday’s closing price of J$11.52 (from J$11.00 to J$11.49) . It closed at J$11.33.
  4. Portland JSX Limited (PJX) traded at -3.33% below yesterday’s closing price of J$10.50. It closed at J$10.15.
  5. Blue Power Group Ltd (BPOW) traded at -3.30% below yesterday’s closing price of J$54.81. It closed at J$53.00.

52-Week High/Lows

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

  1. Salada Foods Ltd – J$10.00. (Today’s range: J$9.05 – J$10.00)

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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