Bulls exchanged 82 percent more shares with 72 percent less funds on Thursday than Wednesday and sent the JSE US Denominated Equities Index soaring 13.22 points to 195.60, with seven securities changing hands, down from eight on Wednesday with four rising, two declining and one ending unchanged as trading in September ended on the JSE USD market.
The PE Ratio, a measure that is used in the computation of appropriate stock values, averages 12.2 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 55,270 shares traded for US$7,967, down from 315,126 units at US$28,881 on Wednesday. Trading averaged 7,896 units at US$1,138 versus 39,391 shares at US$3,610 on Wednesday and the month to date averages 853,681 at US$132,197 versus 904,284 units at US$140,038 on Wednesday. August ended with an average of 210,413 units for US$12,959.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, First Rock Capital rose half a cent to finish at 7 US cents with 7,115 shares traded, MPC Caribbean Clean Energy remained at US$1 with an exchange of 10 units, Productive Business Solutions gained 15 cents to 90 US cents with two stocks changing hands. Proven Investments rallied 1 cent to close at 24 US cents, with the swapping of 25,215 stock units, Sterling Investments advanced 0.09 of a cent to 2.09 US cents with 720 units passing through the market, Sygnus Credit Investments USD share declined by 0.01 of a cent to end at 12.99 US cents with a transfer of 12,208 stocks and Transjamaican Highway lost 0.01 of a cent to close at 0.96 US cents with 10,000 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Archives for September 2021
Strong finish for JSE US market on Thursday
Bank of Jamaica hikes ON rate to1.5%
Bank of Jamaica, the central Bank of Jamaica day raise their Over Night interbank rate by one percentage to 1.5 percent. The rise follows the Bank’s announcement at the end of August that the announced the decision to consider commencing a tightening of monetary policy at the next meeting of the Bank’s Monetary Policy Committee in September and to immediately implement other measures aimed at moderating inflation expectations, including the containment of Jamaican dollar liquidity expansion.
A precursor to the policy rate increase and further tightening of the financial market, the CDs offered by the BOJ on September 29 resulted in a continuation in the rise of CD rates to 2.59 percent from 0.59 percent at the end of July.
The overnight rate was last cut to 0.50 percent in August 2019. It remained at that level up to the end of September. It ultimately dragged other rates in the system down and resulted in significant savings in interest costs for the government.
Consistent with meeting its inflation target sustainably in the medium term, the MPC agreed to continue increasing the Bank’s policy rate and by extension raising real interest rates, which are currently significantly negative and maintaining or intensifying the accompanying measures. This position is subject to inflation and other macroeconomic data evolving as projected.
Trini stocks edge higher for September
Stocks ended trading on Thursday, with more declining than rising, leading the market strong>ndices to slip to finish September marginally higher than August close. The Trinidad and Tobago Stock Exchange closed with the volume of shares traded moderately higher than on Wednesday but with 37 percent less value.
At the close, 18 securities traded, up from 10 on Wednesday, with two stocks rising, seven declining and nine ending unchanged. The Composite Index fell 3.17 points to 1,430.69, the All T&T Index lost 2.33 points to 1,932.71 and the Cross-Listed Index slipped 0.57 points to settle at 125.23.
A total of, 359,958 shares traded for $3,532,277 compared to 345,893 units at $5,613,442 on Wednesday. An average of 19,998 units traded at $196,238 versus 34,589 at $561,344 on Wednesday, with the month to date averaging 36,606 units at $425,940 versus 37,485 units at $448,490. The average trade for August amounts to 16,186 units at $226,311.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s remained at $24.50 in an exchange of 3,045 shares, Ansa McAl traded 1,526 stock units $57.80, Clico Investment Fund closed at $26.49, with 16,870 units clearing the market. Endeavour Holdings declined 2 cents to $7 in trading 355 stocks, First Citizens Bank increased 5 cents to $50.60 after an exchange of 1,286 shares, FirstCaribbean International Bank shed 10 cents to end at $6.50 in exchanging 4,347 stock units. GraceKennedy lost 1 cent to close at $6.25 in switching ownership of 305,896 units, Guardian Holdings remained at $32.85 after trading 730 stocks, Guardian Media ended unchanged at $3.01 while exchanging 1,304 stocks. Massy Holdings fell 50 cents to $82.50, with 80 stock units crossing the exchange, National Enterprises traded 525 units at $3.29, National Flour Mills ended at $1.90 with the swapping of 1,046 shares. One Caribbean Media dropped 4 cents to close at $4.26, with 2,500 stock units crossing the market, Prestige Holdings closed at $7, with 1,045 units changing hands, Republic Financial Holdings dipped 66 cents to $135.76 with an exchange of 1,780 stocks. Scotiabank rose $1.75 to end at $62 after trading 7,420 shares, Trinidad & Tobago NGL remained at $17.40, with 8,126 shares crossing the exchange and Unilever Caribbean declined 2 cents to close at $16.20 after 2,077 stocks cleared the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE US market drops back on Wednesday
Trading on the JSE USD market returned to more recent sedate levels after finishing with sharply lower volumes and value of stocks changing hands on Wednesday and ending with declining stocks just edging out those rising.
Trading ended with eight securities changing hands, compared to seven on Tuesday with prices of three stocks rising, four declining and one ending unchanged.
The JSE US Denominated Equities Index dropped 4.41 points to finish at 182.38. The PE Ratio, a measure that computes appropriate stock values, averages 11.7 based on ICInsider.com’s forecast of 2021-22 earnings.
A total of 315,126 shares traded for US$28,881 compared to the huge total of 64,942,767 units at US$15,026,017 on Tuesday. Trading averaged 39,391 units at US$3,610, up from 9,277,538 shares at US$2,146,574 on Tuesday and the month to date averages 904,284 at US$140,038 versus 967,762 units at US$150,051 on Tuesday. August ended with an average of 210,413 units for US$12,959.
Investor’s Choice bid-offer indicator shows one stock ended with a higher bid than the last selling price and two with lower offers.
At the close, First Rock Capital fell half a cent to 6.5 US cents, with 116 shares changing hands, Margaritaville rose 1.4 cents to finish at 10.4 US cents with investors switching ownership of 234 stocks, Proven Investments dropped 0.15 of a cent to end at 23 US cents with an exchange of 103,455 stock units. Sterling Investments declined by 0.09 of a cent to close at a 52 weeks’ low of 2 US cents with 189 units passing through the market, Sygnus Credit Investments USD share gained 1.24 cents to settle at 13 US cents with a transfer of 500 shares and Transjamaican Highway remained at 0.97 US cents with 207,933 stocks crossing the exchange.
In the preference segment, Equityline Mortgage Investment preference share lost 9.9 cents to end at US$1.90 with one unit traded and JMMB Group 6% rallied 3 cents to US$1.04 with 2,698 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading dives on Trinidad exchange
Market activity sank Wednesday on the Trinidad and Tobago Stock Exchange, leading a mere ten securities trading from 18 on Tuesday and closed, with the price of just one stock rising, five declining and four ending unchanged. Trading resulted in a decline of 93 percent in the volume of shares trading, valued 53 percent less than Tuesday.
The Composite Index dipped 0.83 points to 1,433.86, the All T&T Index gained 1.09 points to settle at 1,935.04 and the Cross-Listed Index fell 0.41 points to 125.80.
A total of, 345,893 shares traded, for $5,613,442 down from 5,054,897 units at $12,069,400 on Tuesday. An average of 34,589 units traded at $561,344 versus 280,822 at $670,522 on Tuesday and month to date averaging 37,485 units at $448,490 versus 37,573 units at $445,070. The average trade for August amounts to 16,186 units at $226,311.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one stock with a lower offer.
At the close, Agostini’s remained at $24.50 after trading 150 shares, Clico Investment Fund dipped 1 cent to $26.49 in an exchange of 510 units, First Citizens Bank fell 1 cent to $50.55 after finishing trading of 1,150 stocks. GraceKennedy lost 4 cents to end at $6.26, with 25,548 stock units changing hands, Guardian Holdings popped 10 cents to $32.85 after trading 270 stocks, Massy Holdings remained unchanged at $83 in trading 30 stock units. National Enterprises ended at $3.29 after 30 shares crossed the market, NCB Financial Group slipped 5 cents to $8.25, with 261,213 units crossing the exchange, Scotiabank shed 30 cents to close at $60.25 after exchanging 51,200 units and Trinidad & Tobago NGL closed at $17.40, with 5,792 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.