Market activity ended on Friday, with the volume of shares trading rising after trading a marginally higher percent, with the value jumping 230 percent higher than on Thursday on the Jamaica Stock Exchange Main Market as rising stocks tripled those declining.
Measured by the market indices, stocks in the Main Market closed moderately lower than at the end of the previous week. The All Jamaican Composite Index popped 649.16 points on Friday to 428,067.54, the JSE Main Index advanced 512.58 points to settle at 386,952.96 and the JSE Financial Index rose 0.68 points to end at 95.48.
A total of 51 securities traded compared to 50 on Thursday, with 30 rising, ten declining and 11 were unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.1. The PE ratio for the JSE Main and USD Market closing quotes utilizes ICInsider.com’s earnings forecasts for companies with financial years ending between the current year and August 2022.
At the close, 13,887,175 shares traded for $205,378,180 versus 13,408,986 units at $62,324,646 on Thursday. Wigton Windfarm led trading with 4.74 million shares for 34.2 percent of total volume followed by Kingston Wharves 2.25 million units, with 16.2 percent of the day’s trade and JMMB Group 1.44 million units for 10.3 percent market share, Community & Workers Credit Union ended with 1.09 million units for 7.9 percent market share and Transjamaican Highway 1.02 million units for 7.3 percent of the market.
Trading averages 272,312 units at $4,027,023, versus 268,180 shares at $1,246,493 on Thursday and month to date, an average of 429,488 units at $4,563,497, against 438,986 units at $4,595,915 on Thursday. November closed with an average of 233,949 units at $2,695,416.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Caribbean Cement spiked $1 to $72 after an exchange of 56,904 shares, Caribbean Producers rose 48 cents to end at $11.98 in an exchange of 36,667 stocks, Eppley lost $1.77 after finishing at $34.23 and trading 67 units. Eppley Caribbean Property Fund rallied 50 cents in closing at $42.50 after exchanging 4,200 stock units, First Rock Capital dropped 27 cents to close at $10.73 in switching ownership of 433 stocks, Guardian Holdings popped $2 to end at $509.50, with 5,587 shares changing hands. Jamaica Broilers fell $1.45 to $28.50 after 26,220 stock units crossed the market, Jamaica Producers gained 56 cents to close at $23.45 with 2,329 units changing hands, JMMB Group rallied 42 cents to $38.45 in exchanging 1,436,088 shares.Kingston Wharves advanced 90 cents in closing at $40.90 with 2,250,971 stock units passing through the market, Mayberry Jamaican Equities climbed 29 cents to $9.49 in trading 20,800 stocks, Palace Amusement advanced $10 to end at $1050, after 17 units crossed the exchange. Pulse Investments popped 29 cents to $4.60 after exchanging 606,284 stocks, Sagicor Group climbed $1.50 to close at $53 with the swapping of 64,511 stock units, Scotia Group rallied $1.80 to $37.50, trading 11,041 units. Seprod increased $1.70 to end at $64 with 4,864 shares changing hands and Sygnus Credit Investments shed 25 cents in closing at $14.90 with an exchange of 114,053 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Archives for December 2021
Christmas Eve bounce for Trini stocks
Market activity ended on Friday, resulting in more stocks rising than falling at the close, after an exchange of 1,509 percent more shares, valued 147 percent above Thursday, at the close of the Trinidad and Tobago Stock Exchange.
Similar to Thursday, 16 securities traded, with five rising, three declining and eight ended unchanged. The Composite Index rallied 3.92 points to 1,484.31, the All T&T Index advanced 7.97 points to end at 2,059.33 and the Cross-Listed Index dipped 0.06 points to settle at 121.79.
A total of 928,449 shares traded, for $7,232,895 compared to 57,721 units at $3,524,280 on Thursday. An average of 58,028 units traded at $452, o56 compared to 3,608 at $220,267 on Thursday, with trading month to date averaging 22,846 units at $281,686 compared to 20,843 units at $271,986. The average trade for November amounts to 35,109 units at $290,897.
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, Ansa McAl shed 1 cent to close at $59.49 while exchanging 40 shares, Clico Investment Fund rose 10 cents to $30.10, with 12,746 stock units clearing the market FirstCaribbean International Bank remained at $6.15 with the swapping of 4,134 units. GraceKennedy finished unchanged at $6.24 in exchanging 77 stocks Guardian Holdings rallied 50 cents in closing at $31, with 6,336 shares changing hands, JMMB Group closed at $2.26 in trading 806,248 stocks. Massy Holdings fell 39 cents to $104.60 with an exchange of 11,393 stock units, National Flour Mills remained at $1.90 after exchanging 1,240 units, NCB Financial Group ended at $8, with 15,659 stock units changing hands. Prestige Holdings finished trading 98 stocks at $7, Republic Financial Holdings advanced $2.22 to end at $138, trading 17,775 shares, Scotiabank declined 50 cents to $68 after exchanging 342 units. Trinidad & Tobago NGL climbed 74 cents in closing at $19.74 after 50,101 stocks changed hands, Trinidad Cement gained 21 cents to close at $3.76 in trading 15 stock units, Unilever Caribbean remained at $16.20 after 245 units crossed the market and West Indian Tobacco finished unchanged at $28.50 in switching ownership of 2,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fontana raises J$500 million for expansion
Junior Market listed Fontana raised $500 Million of debt capital by way of a private placement of bonds to support the company’s continued growth, which includes plans to develop a warehouse and distribution centre in Kingston and a new store Portmore, the company disclosed.
Scotia Investments acted as Lead Arranger and Broker for the company that reported its most successful year in 2021, with revenues climbing 14.2 percent to $5.2 billion and profit of $512 million, up a robust 85 percent from $277 million in 2020. The company reported a rise of 17 percent in revenues to $1.3 billion for the September 2021 quarter over that of 2020 and profit after tax rising 35 percent to $61 million. The Portmore expansion, which was telegraphed to investors in late 2018 when it went public, is expected to add to growth in revenues and profit and provide investors with an investment vehicle that seems set to deliver good growth prospects for the future.
“The transaction was executed at a time when BOJ policy rates were increased for the first time in 13 years. The Ministry of Finance and Planning had also recently reopened Government of Jamaica long-term bonds that were taken up at yields that indicated that the long-term rates in the Jamaican Dollar debt space were increasing. Stanley Thompson, Senior Manager Capital Markets said, “In light of the changing market conditions, we pursued a fixed to variable rate bond structure. This financing strategy provided Fontana with the most competitive rate in the short term with the potential for a lower rate in the future if market rates reduce in the longer term.”
Raymond Therrien, COO at Fontana, noted that “Fontana is firmly capitalized for our expansion plans for Portmore in 2022 and continued growth in the various markets we serve across Jamaica. We continue to explore acquisition opportunities as we grow the Fontana brand. Timing and certainty of execution were important to us. When we approved this transaction, our expectation was to have it closed before the calendar year end.”
Fontana owns and operates a chain of Pharmacies in Kingston, Montego Bay, Mandeville and Och Rios.
Stock prices tumble on JSE USD market
Trading picked up on Thursday and ended with the volume of shares changing hands jumping 678 percent more than on Wednesday with 200 percent higher value at the close of the Jamaica Stock Exchange US dollar market, resulting in more stocks falling than rising and ended with slippage in the market index.
Six securities traded, compared to seven on Wednesday with prices of one rising and five declining. The JSE US Denominated Equities Index lost 4.72 points to end at 210.08.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.2. The PE ratio uses earnings forecasts done by ICInsider.com for each company with the financial year ending during the current year up to August 2022.
In closing, 303,241 shares traded at US$16,780 compared to 38,972 units at US$5,600 on Wednesday. Trading averaged 50,540 units at US$2,797, compared to 5,567 shares at US$800 on Wednesday and month to date an average of 389,610 shares at US$52,373 versus 414,420 units at US$56,001 on Wednesday. November ended with an average of 79,766 units for US$10,928.
Investor’s Choice bid-offer indicator shows one stock ending with a higher bid than the last selling price and one stock with a lower offer.
At the close, First Rock Capital USD share declined 0.98 of a cent in closing at 6 US cents after trading 21,501 shares, Margaritaville shed half a cent to close at 9.5 US cents with an exchange of 1,362 units, Proven Investments dropped 0.3 of a cent to end at 22.5 US cents after 57,950 stocks changed hands. Sterling Investments fell 0.01 of a cent ending at 2.09 US cents in an exchange of 10,000 stock units, Sygnus Credit Investments USD share increased 0.02 of a cent to 12.6 US cents with 2,428 stock units crossing the market and Transjamaican Highway lost 0.13 of a cent and ended at 0.71 US cents after exchanging 210,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops for Trinidad stocks
Market activity ended on Thursday resulting in some dribbling of stocks crossing the market after trading dropped 91 percent from less than on Wednesday, with 10 percent lower value as trading closed on the Trinidad and Tobago Stock Exchange, with slightly more stocks declining than rising.
At the close, 16 securities traded compared to 19 on Wednesday, with two stocks rising, three declining while 11 remained unchanged. The Composite Index climbed 5.43 points to 1,480.39, the All T&T Index advanced 8.92 points to 2,051.36 and the Cross-Listed Index advanced 0.24 points to settle at 121.85.
A total of 57,721 shares traded for $3,524,280 compared to 676,947 units at $3,916,887 on Wednesday. An average of 3,608 units traded at $220,267 against 35,629 at $206,327 on Wednesday, with trading month to date averaging 20,843 units at $271,986 versus 21,884 units at $260,327. The average trade for November amounts to 35,109 units at $290,897.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and one stock with a lower offer.
At the close, Angostura Holdings jumped $2.25 to a 52 weeks’ high of $20 after exchanging 250 shares, Ansa McAl finished at $59.50 in trading 415 stocks, Ansa Merchant Bank exchanged 2,821 stock units at $43.10. Calypso Macro Investment Fund closed at $16.65 with 931 units changing hands, Clico Investment Fund ended at $30 with the swapping of 24,386 shares, FirstCaribbean International Bank traded 2,875 units unchanged at $6.15. GraceKennedy finished at $6.24, with 1,000 stock units crossing the market, Guardian Media fell 6 cents to $3.04 after trading 300 stocks, JMMB Group advanced 5 cents to $2.26 with 440 stock units changing hands. Massy Holdings dipped 1 cent in closing at $104.99, with 5,446 stocks crossing the market, National Enterprises finished at $3.25 after exchanging 300 shares, Prestige Holdings ended at $7 in trading 2,306 units. Republic Financial Holdings dropped 92 cents to close at $135.78 while exchanging 14,241 units, Scotiabank had an exchange of 710 stock units at $68.50, Unilever Caribbean finished at $16.20, with 300 stocks changing hands and West Indian Tobacco ended at $28.50, with 1,000 shares clearing the market.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD market bounces on low volume
Trading ended on Wednesday with more securities participating in market activities than the prior day but that did not prevent the volume and values of shares changing hands to drop 98 percent respectively from the heightened levels on Tuesday at the close of the Jamaica Stock Exchange US dollar market, nor did it prevent the market index from rising.
Trading occurred in seven securities, up from four on Tuesday, with four rising, one declining, with two unchanged. The JSE US Denominated Equities Index rose 5.31 points to 214.80.
The PE Ratio, a measure used to compute appropriate stock values, averages 12.8. The PE ratio uses earnings forecasts done by ICInsider.com for each company with the financial year ending during the current year up to August 2022.
Overall, 38,972 shares traded for US$5,600 sharply down from 1,960,531 units at US$290,183 on Tuesday. Trading averaged 5,567 units at US$800, compared to 490,133 shares at US$72,546 on Tuesday and month to date an average of 414,420 shares at US$56,001 versus 452,580 units at US$61,153 on Tuesday. November ended with an average of 79,766 units for US$10,928.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one stock with a lower offer.
At the close, First Rock Capital USD share rose 0.03 of a cent to close at 6.98 US cents in trading 8,000 shares, Proven Investments ended unchanged at 22.8 US cents after 21,301 units changed hands, Sterling Investments popped 0.2 of a cent to end at 2.1 US cents while exchanging 9,595 stock units. Sygnus Credit Investments USD share lost 0.02 of a cent in closing at 12.58 US cents with an exchange of 25 stocks, Sygnus Real Estate Finance USD share rallied 0.8 of a cent to 13.9 US cents trading 32 units and Transjamaican Highway advanced 0.13 of a cent ending at 0.84 of a US cents in an exchange of 2 stock units.
In the preference segment, Eppley 6% remained at 98 US cents with just 17 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.