Trading ended on Tuesday, with the volume of shares changing hands declining by 84 percent, with 62 percent lower value than on Monday, on the Jamaica Stock Exchange US dollar market, resulting in more stocks rising than declining.
Seven securities changed hands, compared to four on Monday with three rising, one declining and three ending unchanged. The JSE US Denominated Equities Index rose 1.11 points to 200.04.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.5. The PE ratio uses ICInsider.com earnings forecasts for companies with the financial year up to August 2022.
A total of 389,225 shares traded for US$21,224 down from 2,476,312 units at US$55,475 on Monday. Trading averaged 55,604 units at US$3,032, compared to 619,078 shares at US$13,869 on Monday. January ended with an average of 91,572 units for US$7,142.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Capital USD share finished at 7 US cents trading 26,800 shares, Proven Investments rose 1.93 cents to end at 22.93 US cents after exchanging 941 units, Sterling Investments remained at 2.1 US cents, with 10,000 stocks crossing the market. Sygnus Credit Investments USD share popped 0.99 of a cent after ending at 12.99 US cents in trading 17,550 stock units and Transjamaican Highway dropped 0.06 of a cent in closing at 0.89 US cents after an exchange of 325,234 shares.
In the preference segment, JMMB Group 5.75% ended unchanged at US$2.09 after switching ownership of 4,200 stocks and JMMB Group 6% increased 13 cents in closing at US$1.15 with the swapping of 4,500 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Archives for February 2022
Bounce for JSE USD market
Slippage in Port of Spain
Trading on the Trinidad and Tobago Stock Exchange started in February, with the market indices slipping when the market closed on Tuesday, with slightly more stocks rising than falling after 100 percent more shares were exchanged, with 116 percent higher value than on Monday.
A total of 22 security traded down slightly from 24 on Monday, with eight stocks rising, seven declining and seven remaining unchanged.
FirstCaribbean International Bank and West Indian Tobacco both closed trading at 52 weeks’ low.
The Composite Index declined 4.56 points to 1,518.11, the All T&T Index fell 5.15 points to 2,126.53 and the Cross-Listed Index dipped 0.55 points to settle at 121.53.
A total of 1,078,680 shares traded or $16,459,377 up from 539,621 units at $7,631,985 on Monday. An average of 49,031 units traded at $748,153 compared to 22,484 shares at $317,999 on Monday. The average trade for January amounted to 39,943 units at $369,498.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s rose 50 cents in ending at $45, with 2,327 shares crossing the market, Angostura Holdings remained at $19.99 while exchanging 1,100 stock units, Ansa McAl ended unchanged at $59 trading 73 units. CinemaOne fell 5 cents to end at $4 after an exchanging of 4,149 stocks, Clico Investment Fund increased 48 cents to $28.98 with the swapping of 2,285 stock units, First Citizens Group dropped 49 cents to $64 after finishing trading of 577 shares. FirstCaribbean International Bank shed 14 cents to close at a 52 weeks’ low of $6 after the switching ownership of 1,000 units, GraceKennedy popped 9 cents to end at $6.20 trading 955,600 stocks, Guardian Holdings lost 15 cents to close at $29.85, with 69 stock units changing hands.
JMMB Group declined 1 cent to $2.34 with 5,319 stocks clearing the market, L.J. Williams B share gained 4 cents to end at $1.84 with an exchange of 1,621 shares, Massy Holdings finished at $106 in exchanging 9,524 units. National Flour Mills rallied 4 cents to $1.91 after exchanging 15 units, NCB Financial Group finished at $8 after 19,842 stocks crossed the market, One Caribbean Media remained at $4.10 in an exchange of 1,999 stock units. Point Lisas ended unchanged at $3.27 in trading 200 shares, Republic Financial Holdings advanced $1 to close at $143 after trading 62,644 stocks, Scotiabank popped 1 cent to $72.01 in switching ownership of 800 units. Trinidad & Tobago NGL declined 99 cents in closing at $19 after 2,001 stock units passed through the exchange, Trinidad Cement gained 1 cent to end at $3.75 while exchanging 7,000 shares, Unilever Caribbean ended unchanged at $16 after trading 129 shares and West Indian Tobacco lost $1.49 to end at a 52 weeks’ low of $26.01 in an exchange of 406 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
New record high for Junior Market
The JSE Junior Market is trading at yet another record high in Tuesday market activity with the market index putting on 82.83 points to 3,833.09 after 90 minutes of trading. The market has broken out from the area of resistance that pinned it in the 3,400 level from May last year and finally broke loose in the middle of January.
If the market holds at these levels it would represent a break from the channel that goes back to March of 2020 and place it on track for more gains and higher levels for the market.
In Tuesday’s trading Caribbean Producers rose to $24.50, Dolphin Cove moved up to a record $29.94, Fontana climbed to a record $10.50.
In the Main Market, Caribbean Producers rose to $24.35 as that market All Jamaican Composite Index is at 447,4388.57, up from 445,492.59 on Monday.
