JSE Daily: Main Event Joins The Billion Dollar League (After 72% Gain On First Day) – Feb 08, 2017

February 8, 2017

Stock market performance report for Wednesday 8th of February 2017 below.

Jamaica Stock Exchange (JSE)

Summary

  • Main Event closed up 71.5% on their opening day on the Junior market of the Jamaica Stock Exchange. This pushed the company’s market capitalization (the value of the company) from $600m (at its opening) to J$1.03b. The stock was offered at J$2 per share in its intial public offering.
  • JSE Combined Index – 20.1m shares / $243.4m traded. (31 Advanced / 11 Declined / 4 Firm) .
  • Analyst Rating Updates: As at Friday 3rd of February 2017 we have updated our analyst ratings on stocks. 1834, upgraded. 38 companies were rated as BUYS, 7 as SELL and 13 as HOLD. You can view analyst ratings here
  • There were no new 52-week highs and no 52-week lows today.

Market Performance

  • Ordinary Shares – Main Market – 8,996,210 shares, 25 stocks traded, 12 not traded.
  • Ordinary Shares – Junior Market – 11,544,147 shares, 21 stocks traded, 7 not traded.
  • Preference Shares – Junior Market – 0 shares, 0 stocks traded, 4 not traded.
  • Preference Shares – Main Market – 131,842 shares, 26 stocks traded, 9 not traded.

Top 5 Advancing Stocks (view all advancing stocks here)

  1. Main Event Entertainment Group Ltd (MEEG) shares advanced 71.50% or +1.43 to close at J$3.43 with 40,985 shares traded. (Today’s range: J$2.61 – J$3.50)
  2. Jamaica Stock Exchange Ltd (JSE) shares advanced 30.97% or +2.23 to close at J$9.43 with 700 shares traded. (Today’s range: J$8.00 – J$12.00)
  3. Proven Investments Ltd (Proven) shares advanced 23.08% or +0.0600 to close at US$0.3200 with 552,539 shares traded. (Today’s range: US$0.3000 – US$0.3500)
  4. C2W Music Ltd (MUSIC) shares advanced 22.22% or +0.10 to close at J$0.55 with 1,000 shares traded.
  5. Caribbean Flavours and Fragrances Ltd (CFF) shares advanced 19.18% or +1.82 to close at J$11.31 with 136,821 shares traded. (Today’s range: J$9.20 – J$12.00)

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

  1. Honey Bun (1982) Ltd (HONBUN) traded between 4.14% and 17.49% above yesterday’s closing price of J$7.49 ( from J$7.80 to J$8.80) . It closed at J$7.90.
  2. 1834 Investments Limited (1834) traded between 8.11% and 14.86% above yesterday’s closing price of J$1.48 ( from J$1.60 to J$1.70) . It closed at J$1.62.
  3. K.L.E. Group Ltd (KLE) traded between 3.33% and 13.33% above yesterday’s closing price of J$3.00 ( from J$3.10 to J$3.40) . It closed at J$3.13.
  4. Jamaica Money Market Brokers Group Ltd (JMMBGL) traded between 1.41% and 12.74% above yesterday’s closing price of J$17.74 ( from J$17.99 to J$20.00) . It closed at J$18.08.
  5. Caribbean Cream Ltd (KREMI) traded between -4.98% and 12.58% above yesterday’s closing price of J$7.63 ( from J$7.25 to J$8.59) . It closed at J$7.37.

Top 5 Value Traded

  1. Lasco Distributors Ltd (LASD) shares valued at J$75.1m were traded. The stock moved -0.53% or -0.04 to close at J$7.49 with 9,725,393 units traded. (Today’s range: J$7.49 – J$7.96)
  2. Jamaica Money Market Brokers Group Ltd (JMMBGL) shares valued at J$51.5m were traded. The stock moved +1.92% or +0.34 to close at J$18.08 with 2,713,535 units traded. (Today’s range: J$17.99 – J$20.00)
  3. JPS’s 9.5% Cumulative Non-Redeemable Class ‘F’ Preference Shares (JPS9.5) shares valued at J$42.4m were traded. The stock moved 0.00% or 0.00 to close at J$1,276.50 with 33,242 units traded.
  4. Sagicor X Fund (XFUND) shares valued at J$36.9m were traded. The stock moved +0.39% or +0.04 to close at J$10.27 with 3,600,000 units traded. (Today’s range: J$10.20 – J$10.30)
  5. Scotia Group Jamaica (SGJ) shares valued at J$10.7m were traded. The stock moved -3.82% or -1.75 to close at J$44.08 with 241,678 units traded. (Today’s range: J$42.70 – J$46.01)

Top 5 Volume Traded

  1. Lasco Distributors Ltd (LASD) – 9.7m units traded. The shares moved -0.53% or -0.04 to close at J$7.49 (Today’s range: J$7.49 – J$7.96)
  2. Sagicor X Fund (XFUND) – 3.6m units traded. The shares moved +0.39% or +0.04 to close at J$10.27 (Today’s range: J$10.20 – J$10.30)
  3. Jamaica Money Market Brokers Group Ltd (JMMBGL) – 2.7m units traded. The shares moved +1.92% or +0.34 to close at J$18.08 (Today’s range: J$17.99 – J$20.00)
  4. Caribbean Cream Ltd (KREMI) – 592.6k units traded. The shares moved -3.41% or -0.26 to close at J$7.37 (Today’s range: J$7.25 – J$8.59)
  5. Proven Investments Ltd (Proven) – 552.5k units traded. The shares moved +23.08% or +0.0600 to close at US$0.3200 (Today’s range: US$0.3000 – US$0.3500)

Top 5 Declining Stocks (view all declining stocks here)

  1. Kingston Wharves Ltd (KW) declined -5.90% or -1.95 to close at J$31.11 (trading between J$28.50 and J$34.00) with 6,829 shares traded
  2. Key Insurance Company Limited (KEY) declined -5.41% or -0.20 to close at J$3.50 (trading between J$3.50 and J$3.50) with 4,529 shares traded
  3. Supreme Ventures Ltd (SVL) declined -4.66% or -0.27 to close at J$5.53 (trading between J$5.50 and J$5.80) with 100,349 shares traded
  4. Berger Paints Ltd (BRG) declined -4.43% or -0.51 to close at J$10.99 (trading between J$10.25 and J$12.00) with 12,851 shares traded
  5. Scotia Group Jamaica (SGJ) declined -3.82% or -1.75 to close at J$44.08 (trading between J$42.70 and J$46.01) with 241,678 shares traded

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

  1. Radio Jamaica Ltd (RJR) traded between 4.90% and -9.09% below yesterday’s closing price of J$1.43 (from J$1.30 to J$1.50) . It closed at J$1.40.
  2. Jamaican Teas Ltd (JAMT) traded between 2.70% and -6.49% below yesterday’s closing price of J$9.25 (from J$8.65 to J$9.50) . It closed at J$9.33.
  3. Caribbean Cream Ltd (KREMI) traded between 12.58% and -4.98% below yesterday’s closing price of J$7.63 (from J$7.25 to J$8.59) . It closed at J$7.37.
  4. Jetcon Corporation Limited (JETCON) traded as low as -4.76% below yesterday’s closing price of J$10.50 (between J$10.00 and J$10.50) . It closed at J$10.49.
  5. Jamaica Producers Group Ltd (JP) traded between 1.77% and -3.44% below yesterday’s closing price of J$19.16 (from J$18.50 to J$19.50) . It closed at J$19.39.

52-Week High/Lows

There were no highs or lows today.

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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