Market activity ended Friday on the Trinidad and Tobago Stock Exchange and resulted in more stocks rising than falling after trading 94 percent fewer shares, with a 71 percent fall in value, compared to Thursday.
A total of 18 securities traded versus 19 on Thursday, with five rising, four declining and nine remaining unchanged. The Composite Index declined 2.05 points to 1,523.33, the All T&T Index fell 3.85 points to 2,133.96 and the Cross-Listed Index shed 0.02 points to settle at 121.92.
Some 358,635 shares traded for $5,091,172 compared to 5,990,305 units at $17,772,507 on Thursday. An average of 19,924 units traded at $282,843, down from 315,279 at $935,395 on Thursday. Ttrading month to date averages 63,857 units at $311,856 down from 68,831 units at $315,141. The average trade for December was 21,703 units at $306,768.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Agostini’s gained 50 cents to close at a 52 weeks’ high of $39, after 2,361 shares crossed the market, Angostura Holdings rallied 50 cents ending at a 52 weeks’ high of $20.50 after trading 950 stock units, Ansa McAl ended unchanged at $59.99 with an exchange of 1,096 stocks. Clico Investment Fund remained at $30 in exchanging 7,188 units, First Citizens Group shed 75 cents to close at $66 with 1,347 stock units changing hands, FirstCaribbean International Bank slipped 1 cent in closing at $6.14, with 1,794 shares crossing the exchange. 
GraceKennedy climbed 4 cents to $6.20, with 22,295 stocks changing hands, Guardian Holdings finished at $30 in switching ownership of 12,254 units, JMMB Group ended at $2.30 in an exchange of 13,700 stock units. Massy Holdings remained at $106 after exchanging 7,256 shares, National Enterprises rose 25 cents in closing at $3.75 while exchanging 250 stocks, NCB Financial Group ended unchanged at $8 trading 238,640 units. Prestige Holdings increased 5 cents to close at $7.05 in trading 535 stock units, Republic Financial Holdings remained at $140.25, with 800 stocks clearing the market, Scotiabank declined 25 cents to $70 with the swapping of 3,538 units. Trinidad & Tobago NGL ended unchanged at $19.60 trading 14,953 shares, Unilever Caribbean closed at $16 after exchanging 8,652 stocks and West Indian Tobacco dropped 11 cents in closing at 52 weeks’ low of $28 while exchanging 20,026 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Archives for January 2022
Slippage for Trinidad and Tobago stocks
30% gain for Spur Tree Spices
Shares in Spur Tree Spices started trading this morning at $1.30, with a mere 3 shares changing hands as the newly listed Junior Market stock attracts huge demand, with 389 bids posted ahead of the market’s opening, ranging from $1 to a high of $1.30, with demand totaling 6.46 million units at $1.30.
An indication of demand to buy below $1.30, is as follows; 527,000 units at $1.29, a total of 3.9 million shares at $1.25 and 3.6 million at $1.20. Sell orders start at $1.50 with 12,500 followed 1,500 units at $1.70, 26,000 at $1.80 56000 at $1.99 and 107,000 at $2 with other reasonable offers going up $3.20.
Under the stock exchange rules, trading in the stock is now frozen until 10.30 this morning and cannot trade at a higher price than $1.30 today. Following the reopening of the stocks for trading, after trading was frozen, bids have come in for more than 36 million units at $1.32, over 23 million at $1.31 and 38.46 million at $1.30.
The movement in the stock helped push the Junior Market Index over the 3,500 mark for the first time since early October 2019.
Spur Tree Spices lists on Friday on the JSE
Shares of Spur Tree Spices will list on Friday on the Junior Market of the Jamaica Stock Exchange following the successful Initial Public Offering said to have attracted applications from more than 5,000 investors and raised $335.4 million before expenses for the company.
The company indicated that the issue attracted $1.3 billion and was 6 times oversubscribed. Proceeds will be used to pay listing expenses, with the remainder to be used for the repayment of debts of $170 million and to facilitate business expansion.
The listing, the second such listing on the Junior Market since the start of 2021 will bring the total stocks on the exchange to 42. A few others are expected to follow in short order as new offerings are made to the public early in 2022.
Earnings per share for Spur Tree should end the year at 11.5 cents before taxation at a PE of 8.7 times earnings, below the market average of 14.4 currently, with a high degree of oversubscription, the PE ratio will jump on Friday and into next week. IC Insider.com projects 18.5 cents earning for 2022 from a profit of $300 million at a PE of 5.4 times 2022 profit.
Spike in trading activity pushes Trinidad stocks to record high
Trading took a big leap forward on Thursday as the volume of stocks exchanged surged 2,530 percent above the 227,809 units at $3,415,464 on Wednesday to 5,990,305 shares valued 423 percent more at $17,772,507 at the close of the Trinidad and Tobago Stock Exchange.
At the close of the market, 19 securities traded compared to 17 on Wednesday, with four rising, eight declining and seven remaining unchanged. The Composite Index popped 1.51 points to a record close of 1,525.38, the All T&T Index popped 2.81 points to end at a record high of 2,137.81 and the Cross-Listed Index inched 0.02 points higher to 121.94.
An average of 315,279 units traded at $935,395 compared to 13,401 at $200,910 on Wednesday, with trading month to date averaging 68,831 units at $315,141 versus 35,384 units at $230,963. The average trade for December amounts to 21,703 units at $306,768.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and none with lower offers.
At the close, Agostini’s rallied $1 in closing at a 52 weeks’ high of $38.50 after trading 5,868 shares, Angostura Holdings remained at $20, with an exchange of 31,966 stocks, Ansa McAl rose 49 cents to close at $59.99, with 820 units crossing the exchange. Ansa Merchant Bank popped 40 cents to end at a 52 weeks’ high of $43.50, with 1,180 stock units clearing the market, Clico Investment Fund finished unchanged at $30 in trading 10,377 shares, First Citizens Group declined 24 cents to $66.75 in exchange of 58 units. 
FirstCaribbean International Bank ended at $6.1 after 31,662 stock units crossed the market, GraceKennedy shed 4 cents to close at $6.16 in exchanging 102,614 stocks, Guardian Media finished unchanged at $3.15 while trading 100,000 shares. JMMB Group ended at $2.30 in switching ownership of 4,783,185 stock units, Massy Holdings lost 25 cents to close at $106 with an exchange of 1,431 units, National Flour Mills remained at $1.95, with 5,768 stocks changing hands. NCB Financial Group finished trading 99,013 stock units at $8, One Caribbean Media dropped 24 cents in ending at $4.20 after 4,968 units changed hands, Point Lisas fell 37 cents to $3.25 after exchanging 770,759 shares. Scotiabank dropped $4.70 to close at $70.25 with the swapping of 567 stocks, Trinidad & Tobago NGL advanced 79 cents in closing at $19.60 in an exchange of 11,097 stocks, Unilever Caribbean lost 15 cents to end at $16 after exchanging 19,017 stock units and West Indian Tobacco fell 27 cents ending at a 52 weeks’ low of $28.11 trading 9,955 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market stocks end with sharp jump
Bulls pushed the Jamaica Stock Exchange up sharply in trading on Thursday, with the Market Index surging 62.93 points to settle at 3,483.42, with the volume of stocks traded declining 34 percent and the value falling by 13 percent lower than on Wednesday on a day when rising stocks outdid those declining on a two to one ratio as three stocks high 52 weeks’ highs.
A total of 35 securities traded versus 39 on Wednesday and ended with 17 rising, nine declining and nine ending unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.9. The PE ratio of stocks in the chart below is computed based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
A total of 5,944,460 shares traded for $28,932,503 down from 8,986,092 units at $33,239,994 on Wednesday. Caribbean Assurance Brokers led trading with 1.6 million shares for 26.9 percent of total volume as the price ended at a 52 weeks’ high of $3.01. Lumber Depot followed, with 749,354 units for 12.6 percent of the day’s trade and Limners and Bards with 692,009 units for 11.6 percent market share.
Trading averaged 169,842 shares at $826,643, compared to 230,413 shares at $852,308 on Wednesday and the month to date, averaging 137,680 units at $548,051 versus 133,915 units at $515,440 on Wednesday. December closed with an average of 409,209 units at $1,318,877.
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, Access Financial jumped $1.51 to end at $19.11 in switching ownership of 1,000 shares, AMG Packaging climbed 38 cents to end at a 52 weeks’ high of $3.23 with an exchange of 274,387 stock units, Blue Power increased 26 cents to $3.65 after trading 2,000 stocks. Caribbean Cream rallied 80 cents to close at $6 after 47,952 units changed hands, Dolphin Cove gained 40 cents to end at a 52 weeks’ high of $20, with 589,607 stocks clearing the market, Elite Diagnostic popped 11 cents in ending at $3.09 after trading 92,188 shares. Express Catering fell 15 cents to close at $5.20 after an exchange of 85,633 units, Fontana rose 15 cents in closing at $7.40 trading 51,622 stock units, Fosrich spiked 50 cents to end at $12, with 19,555 stock units crossing the market. Honey Bun lost 38 cents to end at $9.10 in exchanging 86,553 shares, Lasco Manufacturing advanced 35 cents in closing at $4.85 with 11,046 units crossing the market, Limners and Bards declined 21 cents in ending at $3.49 with the swapping of 692,009 stocks. 
Mailpac Group dipped 10 cents to $3.30, with 308,749 stocks changing hands, Medical Disposables rallied 80 cents to end at $7.50 in an exchange of 13,323 units and tTech shed 40 cents to close at $4.30 in trading 2,820 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market plunges
Market activity ended on Thursday with the money entering the more than doubling trading on Wednesday on the Jamaica Stock Exchange Main Market and ended with a sharp fall in the market with the All Jamaican Composite Index plunging 6,554.82 points to 436,610.31, the JSE Main Index dived 5,492.32 points to 395,073.35 and the JSE Financial Index fell 1.42 points to end at 97.49.
Fifty securities traded, compared to 49 on Wednesday, with 15 rising, 22 declining and 13 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16. The PE ratio for the JSE Main and USD Market closing quotes are computed based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
A total of 12,654,913 shares changing hands for $92,312,652 versus 11,360,273 units at $45,708,326 on Wednesday. Sagicor Select Financial Fund led trading with 26.4 percent of total volume with a transfer of 3.34 million shares followed by Wigton Windfarm with 22.3 percent after trading 2.82 million units, JMMB Group 7.5% preference share accounted for 12.7 percent with 1.61 million and JMMB Group 7.35% – 2028 preference share contributed 9.5 percent after trading 1.21 million units.
Trading averages 253,098 units at $1,846,253, up from 231,842 shares at $932,823 on Wednesday and month to date, an average of 165,227 units at $1,191,542, compared to 154,766 units at $1,113,600 on the previous day. December closed with an average of 479,143 units at $6,686,322.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments lost 42 cents to end at $95.50 in exchanging 10,909 shares, Berger Paints shed 49 cents in closing at $12.50 with a transfer of 10,109 stock units, Caribbean Producers popped 91 cents to close at a 52 weeks’ high of $16.30 in trading 338,318 units. Eppley Caribbean Property Fund declined $7.49 to close at $36.31 in switching ownership of 4,500 stocks, GraceKennedy fell 61 cents to $98.89 after 129,890 units crossed the market, Guardian Holdings dropped $18 to end at $512 with the swapping of 4,265 shares. Jamaica Stock Exchange shed 50 cents to finish at $16.50 with 74,726 stock units changing hands, JMMB Group lost 35 cents to close at $38.15 with an exchange of 97,814 stocks, Kingston Properties fell 71 cents to $9 in switching ownership of 382 stock units. Margaritaville rose $2.10 to $16.80 in trading 450 stocks, MPC Caribbean Clean Energy declined $3 to a 52 weeks’ low of $97 with the swapping of 696 shares, NCB Financial shed $1.50 to end at $127 with 44,195 units crossing the market. Palace Amusement climbed $95 to close at $995 in exchanging 59 stock units, PanJam Investment fell $1.20 to $64.80 after 4,950 stocks cleared the market, Sagicor Group declined $5.46 in closing at $51.51 and switching ownership of 13,479 shares.
Scotia Group fell $1.15 to $36.34 after exchanging 19,909 units and Seprod gained 90 cents to settle at $63 in an exchange of 110,300 units.
In the preference segment, Productive Business Solutions 9.75% preference share spiked $4 to end at $108 in switching ownership of 758 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading dives on the JSE USD market
Trading on Thursday, ended with just a mere 2,031 shares changing hands for a measly US$355 in contrast to 1,538,362 units at US$28,126 on Wednesday at the close of the Jamaica Stock Exchange US dollar market, resulting in all stocks ending with no change in prices.
Trading ended with three securities changing hands, compared to six on Wednesday with prices of all stocks trading ending unchanged.
The JSE US Denominated Equities Index lost 1.15 points to end at 203.89.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.7. The PE ratio uses ICInsider.com earnings forecasts for companies with the financial year up to August 2022.
Trading averaged 677 units at US$118, compared to 256,394 shares at US$4,688 on Wednesday and month to date averages 66,740 shares at US$3,075 versus 71,459 units at US$3,286 on Wednesday. December ended with an average of 439,975 units for US$68,382.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than their last selling prices and no stock with a lower offer.
At the close, First Rock Capital USD share ended at 6.89 US cents, with 575 shares changing hands, Proven Investments traded 1,414 units at 22.02 US cents and Sterling Investments finished unchanged at 2.1 US cents trading 42 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Volume surges pushing prices up
A big 442 percent surge in the volume of shares trading on Wednesday, pulled out 41 percent less funds than on Tuesday, as the close of the Jamaica Stock Exchange US dollar market ended with a pickup in the market index as six securities changed hands, up from four on Tuesday with four rising one declining and one ending unchanged.
The JSE US Denominated Equities Index rose 1.17 points to end at 205.04. The PE Ratio, a measure used in computing appropriate stock values, averages 12.7. The PE ratio uses ICInsider.com earnings forecasts for companies with the financial year up to August 2022.
Overall, 1,538,362 shares traded, for US$28,126 compared to 283,917 units at US$47,378 on Tuesday.
Trading averaged 256,394 units at US$4,688, compared to 70,979 shares at US$11,844 on Tuesday and month to date averaging 71,459 shares at US$3,286 versus 40,636 units at US$3,052 on Tuesday. December ended with an average of 439,975 units for US$68,382.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and none with a lower offer.
At the close, First Rock Capital USD share ended with a loss of 0.03 of a cent at 6.89 US cents in switching ownership of 75 shares, Margaritaville advanced 2 cents to end at 11.5 US cents with 11,482 stocks crossing the exchange, Proven Investments climbed 0.01 cent of a cent in ending at 22.02 US cents 56,701 stock units changing hands. Sterling Investments popped 0.04 of a cent to 2.1 US cents with an exchange of 46,086 units and Transjamaican Highway rallied 0.03 of a cent to close at 0.9 US cents, with 1,423,718 stocks clearing the market.
In the preference segment, JMMB Group 6% remained at US$1.05 trading 300 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for JSE Junior Market
Trading closed on Wednesday, with the volume of stocks traded jumping 92 percent higher and the value rising 100 percent higher than on Tuesday leading to rising stocks outdistancing those falling at the close of the Jamaica Stock Exchange Junior Market.
Market activity led to 39 securities trading, up from 35 on Tuesday and ended with 15 rising, 12 declining and 12 closing unchanged as the Junior Market Index advanced 19.83 points to 3,420.49. The PE Ratio, a measure used to compute appropriate stock values, averages 14.8. The PE ratio of each stock shown in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Trading saw an exchange of 8,986,092 shares for $33,239,994, up from 4,676,723 units at $16,609,083 on Tuesday. Lasco Manufacturing led trading with 3.44 million shares for 38.3 percent of total volume followed by Consolidated Bakeries with 1.09 million units for 12.1 percent of the day’s trade and Limners and Bards, 653,067 units, with 7.3 percent market share.
Trading averaged 230,413 shares at $852,308 compared to 133,621 shares at $474,545 on Tuesday and month to date, an average of 133,915 units at $515,440, compared to 119,440 units at $464,910 on Tuesday. December closed with an average of 409,209 units at $1,318,877.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two stocks with lower offers.
At the close, Access Financial popped 51 cents to end at $17.60 after an exchanging of 1,036 shares, AMG Packaging increased 23 cents ending at $2.85 after trading 318,761 stock units, CAC 2000 gained 30 cents in closing at $8 while exchanging 1,110 stock units. Caribbean Assurance Brokers climbed 23 cents to a 52 weeks’ high of $2.97 with 197,240 units changing hands, Caribbean Cream declined 55 cents to close at $5.20 after trading 37,054 stock units, Derrimon Trading lost 6 cents to close at $2.17 with 208,244 shares crossing the market. Dolphin Cove rose 40 cents to close at a 52 weeks’ high of $19.60 in exchanging 249,869 stocks, Express Catering dropped 5 cents in closing at $5.35 trading 63,402 units, General Accident shed 35 cents in ending at $6 with 34,138 stocks crossing the market. Honey Bun fell 21 cents to $9.48 in switching ownership of 70,350 shares, Iron Rock Insurance popped 31 cents to close at $3.41 following an exchange of 2,013 units, Jamaican Teas dropped 7 cents in closing at $3.90 after 168,702 stock units cleared the market. 
Jetcon Corporation advanced 7 cents to 92 cents as 15,073 units changed hands, KLE Group rallied 5 cents to $2.55 with an exchange of 1,077 stock units, Knutsford Express climbed 45 cents to end at $8 in trading 8,237 shares. Lasco Distributors fell 5 cents to end at $3.15 with the swapping of 163,671 stocks, Lasco Financial declined 5 cents to $3.29, with 4,619 stocks changing hands, Lasco Manufacturing shed 9 cents in closing at $4.50 after an exchange of 3,442,151 stock units. Main Event increased 25 cents to $4.75 in exchanging 17,000 units and tTech gained 45 cents to close at $4.70, with 3,500 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Quiet bullishness overhangs Trinidad Stock Exchange
A quiet bullishness appears around the Trinidad and Tobago Stock Exchange since late 2021 and continues into the new year with prices of selected stocks hitting 52 weeks’ high on a frequent basis, with market activity on Wednesday ending with two stocks trading at 52 weeks’ high and resulted in more stocks rising than falling at the close after trading 63 percent more shares, with 251 percent higher value than Tuesday.
As was the case on Tuesday, 17 securities changed hands, with eight rising, two declining and seven remaining unchanged. The Composite Index increased 2.29 points to close at 1,523.87, the All T&T Index climbed 3.42 points to 2,135.00 and, the Cross-Listed Index advanced 0.15 points to settle at 121.92.
A total of 227,809 shares traded, for $3,415,464 compared to 139,988 units at $972,176 on Tuesday. An average of 13,401 units traded at $200,910 compared to 8,235 at $57,187 on Tuesday and trading month to date averaging 35,384 units at $230,963 versus 38,423 units at $235,117. The average trade for December amounts to 21,703 units at $306,768.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Agostini’s jumped $1.50 to close at a 52 weeks’ high of $37.50 with the swapping of 18 shares, Ansa McAl remained at $59.50 after trading 2,048 stock units, Clico Investment Fund ended unchanged at $30 after an exchange of 400 units. Endeavour Holdings ended at $7.99, with 2,000 shares changing hands, First Citizens Group increased 1 cent in closing at $66.99, with an exchange of 1,512 stock units, FirstCaribbean International Bank rose 1 cent to close at $6.15 after a transfer of 5,500 shares. 
GraceKennedy popped 5 cents to $6.20 after exchanging 10,065 stocks, Guardian Holdings remained at $30 while exchanging 10,592 units, Guardian Media gained 10 cents in ending at $3.15, with 300 shares traded. Massy Holdings declined 24 cents to end at $106.25, with 3,511 stock units crossing the market, National Enterprises fell 25 cents ending at $3.50 in an exchange of 13,495 units, National Flour Mills ended at $1.95 after exchanging 23,032 stocks. NCB Financial Group finished trading 137,101 shares at $8, Republic Financial Holdings climbed 3 cents to close at $140.25, with 6,000 stocks clearing the market, Scotiabank advanced $4.95 in closing at a 52 weeks’ high of $74.95 after 1,976 stock units crossed the exchange. Trinidad & Tobago NGL rallied 3 cents to close at $18.81 after exchanging 10,054 units and West Indian Tobacco ended at $28.38 in switching ownership of 205 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
