Market activity ended on Friday resulting in the value and volume of stock trading declining by 50 percent and 15 percent respectively below Thursday’s trades at the close of the Trinidad and Tobago Stock Exchange.
A total of 20 securities traded similar to Thursday, with seven stocks rising, six declining and seven remaining unchanged. The Composite Index shed 9.42 points to 1,445.76, the All T&T Index declined 18.22 points to 2,068.89 and the Cross-Listed Index remained at 109.08.
A total of 894,936 shares traded for $13,487,025 compared to 1,785,401 units at $15,877,661 on Thursday. An average of 44,747 units traded at $674,351 compared to 89,270 shares at $793,883 on Thursday, with trading month to date averaging 44,747 units at $674,398 versus 36,197 units at $438,630 on the prior trading day. The average trade for March amounts to 36,197 units at $438,630.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s ended unchanged at $46.20 in switching ownership of 1,000 shares, Angostura Holdings rallied 1 cent to close at a 52 weeks’ high of $20.21 in exchange of 12 units, Ansa McAl shed $1.39 to end at $57.60 in exchanging 550 stocks. Calypso Macro Investment Fund finished at $19, with 180 stock units crossing the exchange, Clico Investment Fund lost 65 cents to close at $29 after 50,416 stocks crossed the market, First Citizens Group declined 36 cents to close at $52.64 while exchanging 125 shares. GraceKennedy fell 15 cents in closing at $6, with 34,500 units clearing the market, Guardian Holdings gained 85 cents to end at $28.25, with 9,886 stock units changing hands, Guardian Media remained at $3.12 after trading 1,957 stock units. 
JMMB Group advanced 2 cents to $2.46, with 106,000 shares crossing the market, L.J. Williams B share finished at $2 with the swapping of 18,930 units, Massy Holdings rose 5 cents to $5.75 with an exchange of 75,049 stocks. National Enterprises ended unchanged at $3 in trading 101,000 shares, One Caribbean Media dropped 10 cents to close at $4.10 after trading 1,000 stock units, Republic Financial Holdings remained at $141 in exchanging 5,228 units. Scotiabank fell $2 to close at $78 with 101 stocks changing hands, Trinidad & Tobago NGL remained at $20.65 after exchanging 14,182 shares, Trinidad Cement climbed 10 cents in closing at $3.60 after 746 stocks crossed the market. Unilever Caribbean popped 65 cents to end at $16.15, with an exchange of 236,021 stock units and West Indian Tobacco popped 1 cent to $24 with 238,053 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Archives for April 2022
TTSE market indices slide in April
JSE markets slip into April
Stocks traded down at the close of the Jamaica Stock Exchange on Friday, with all three Main Market indices closing lower, with the Junior Market joining forces. The Combined Index fell 1,697.80 points to 402,082.92, the All Jamaican Composite Index dropped 1,990.84 points to 440,667.38, the JSE Main Index shed 2,207.57 points to end at 389,773.53 while the Junior Market fell 37.43 points to 4,185.90.
The market’s PE ratio ended at 22 based on 2021-22 earnings and 12.8 times those for 2022-23 at the close of the Jamaica Stock Exchange.
Investors need a series of measures and pertinent information to successfully navigate the many investment choices in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help with decision-making.
Investors should make use of the chart to help make rational investment decisions by investing in stocks that are close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to take emotions out of the investment decision and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares listed on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
8% jump for Jamaica’s remittances
Remittance inflows into Jamaica climbed 8 percent in February this year over 2021 to $254.7 million at a faster pace than the one percent increase in January 2022 enjoyed over 2021.
The February 2022 inflows are 15 percent higher than the US$243.7 million collected this January thus reversing a marginal US$4 million decline in February 2021 against January of that year. The increase in February continues the strong rise in remittances the country enjoyed since 2020 when it rose by 20.76 percent in 20220 over 2019 and 20.38 percent over 2020.
Remittance inflows for January and February 2022 grew 4.5 percent to US$498.4 million over the similar period in 2021 the Bank of Jamaica report shows.
