Market activity ended on the Trinidad and Tobago Stock Exchange on Friday, with the volume of stocks traded declining 83 percent less and the value 65 percent lower than on Thursday and resulting in 14 securities traded compared to 16 on Thursday, with two stocks rising, five declining and seven remaining unchanged.
Investors traded 196,625 shares for $2,794,557 compared to 1,165,311 units at $7,899,578 on Thursday. An average of 14,045 units were traded at $199,611 compared to 72,832 shares at $493,724 on Thursday, with trading month to date averaging 42,357 units at $399,199 versus 43,854 units at $407,850 on the previous trading day. The average trade for July amounts to 28,304 units at $283,023.
The Composite Index fell 0.72 points to 1,368.10, the All T&T Index slipped 1.38 points to 2,035.29 and the Cross-Listed Index remained unchanged at 91.56.
The Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Angostura Holdings fell 48 cents to close at $26.50 with the swapping of 63 shares, Ansa McAl ended unchanged at $57, with 1,424 units crossing the exchange, Clico Investment Fund gained $2 in ending at $33 after a transfer of 59,226 stocks. First Citizens Group remained at $50, with 138 stock units crossing the market, Guardian Holdings slipped 1 cent to end at $25.50 with a transfer of 3,536 shares, 
JMMB Group ended at $2.31 in trading 59,708 units. Massy Holdings dipped 1 cent to close at $4.73 with an exchange of 24,023 stocks, National Enterprises remained at $3.60, with 3,777 stock units changing hands, National Flour Mills ended at $1.60 in an exchange of 500 stock units. NCB Financial Group remained at $5 after 19,658 shares changed hands, One Caribbean Media rallied 9 cents to $4.09 with 5,019 units crossing the market, Scotiabank declined 20 cents to $77.80 after exchanging 196 stocks. Trinidad & Tobago NGL dipped 99 cents to $22.01 in trading 11,623 stock units and Trinidad Cement remained at $3.52 after exchanging 7,734 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Archives for August 2022
Trading dives on Trinidad Exchange
Big bounce for Junior Market on Friday
Slightly more shares were traded at the close of the Junior Market of the Jamaica Stock Exchange on Friday, but the value fell 10 percent lower than trading on Thursday after 44 securities were traded versus 43 on Thursday prices of 17 rose, 15 declined and 12 closed unchanged.
A total of 11,228,856 shares were traded for $38,807,870 versus 10,883,378 units at $43,051,001 on Thursday. Trading averaged 255,201 shares at $881,997 compared to 253,102 shares at $1,001,186 on Thursday, with the month to date, averaging 358,007 units at $1,204,634 compared to 363,890 units at $1,223,095 on the previous trading day. July closed with an average of 512,709 units at $2,574,304.
MFS Capital Partners led trading with 4.14 million shares for 36.9 percent of total volume followed by Dolla Financial with 1.53 million units for 13.6 percent of the day’s trade and JFP Limited with 1.16 million units for 10.3 percent market share.
At the close, the Junior Market Index climbed 74.23 points to settle at 4,168.38. The PE Ratio, a measure of computing appropriate stock values, averages 12.8. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging climbed 21 cents to $3.99, after trading 59,740 shares, Caribbean Assurance Brokers dipped 10 cents to close at $2.50 with a transfer of 33,998 units, Consolidated Bakeries rose 22 cents in closing at a 52 weeks’ high of $1.99 with investors transferring 606,817 stock units. Dolphin Cove lost 40 cents to end at $13.50 after 134,745 stocks crossed the market, Elite Diagnostic rallied 10 cents to $3.42 with an exchange of 14,026 shares, Everything Fresh fell 10 cents to close at $1.89 after a transfer of 53,120 stock units. Express Catering increased 10 cents to $5.60 in exchanging 315,642 units, Fontana popped 30 cents to $9.25 in an exchange of 14,127 stocks, Honey Bun advanced 18 cents to end at $8.11 with 14,502 units clearing the market. iCreate gained 10 cents in closing at $4.30 in trading 315,215 stock units, Iron Rock Insurance advanced 28 cents in closing at $3, with three stocks changing hands, KLE Group dropped 30 cents to close at $1.80 while exchanging 41 shares. 
Lasco Manufacturing gained 27 cents to $4.55, with 2,030 shares changing hands, Limners and Bards increased 30 cents to $3.05 in switching ownership of 204,946 stocks, Medical Disposables declined 27 cents to $5.60 trading 5,311 stock units. MFS Capital Partners shed 10 cents in closing at $4 after exchanging 4,140,761 units and Stationery and Office Supplies popped $1.30 to $15.95 with an exchange of 7,726 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Solid performance for JSE market on Friday
The Jamaica Stock Exchange enjoyed another day of solid gains at the close of trading on Friday with reports indicating the refunds for the recent ONEonONE IPO have started leading to increased trading with all markets recording sizable gains, resulting in the JSE Combined Index a measure of the overall market, jumping 2,335.46 points to 376,467.22.
The All Jamaican Composite Index rose 2,977.43 points to 412,677.51, the JSE Main Index climbed 1,783.83 points to 362,545.21, the Junior Market Index jumped 74.23 points to 4,168.38 and the JSE USD market Index rallied 7.51 points to 213.53.
Trading ended with 28,384,275 shares changing hands with the value at $213 million, compared to $108.5 million, with 20,473,076 shares traded in the overall market on the prior trading day. The JSE USD market ended with the value of stocks traded at US$13,332 versus US$59,481 on the previous day of trading.
The market’s PE ratio ended at 23 based on 2021-22 earnings and 12.5 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options 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 decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks 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 remove emotions from investment decisions 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 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 the 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.
Sharp rebound for JSE Main Market
Market activity on the Jamaica Stock Exchange Main Market ended on Thursday, with the volume of stocks traded declining 43 percent with 12 percent less value than Wednesday as 58 securities were exchanged compared to 52 on Wednesday, with 24 rising, 18 falling and 16 remaining unchanged.
Investors exchanged 8,634,954 shares for $65,465,672 versus 15,124,626 units at $74,624,156 on Wednesday. Trading averaged 148,879 units at $1,128,718 versus 290,858 shares at $1,435,080 on Wednesday and month to date, an average of 816,008 units at $5,041,153, compared to 856,824 units at $5,280,521 on the previous trading day. July closed with an average of 173,643 units at $1,683,017.
Wigton Windfarm led trading with 4.36 million shares for 50.5 percent of total volume, followed by Transjamaican Highway with 960,791 units for 11.1 percent of the day’s trade and Supreme Ventures traded 786,773 units for 9.1 percent market share.
The All Jamaican Composite Index popped 5,021.15 points to 409,700.08, the JSE Main Index climbed 7,542.39 points to s 360,761.38 and the JSE Financial Index rallied 0.98 points to settle at 86.44.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.8 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with their financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Producers declined 50 cents in closing at $13, with 37,948 shares crossing the market, Eppley Caribbean Property Fund increased $4.99 to end at $44.99 in swapping of six units, GraceKennedy rallied $2 to $96, with 4,758 stocks crossing the exchange. Guardian Holdings fell $37.46 to $520, closed at 29 stock units, Jamaica Producers gained 85 cents ending at $20.98 after a transfer of 6,447 stock units, Jamaica Stock Exchange lost 93 cents to close at $15.07 as investors exchanged 13,509 stocks. JMMB Group shed 95 cents to end at $40.30 with a transfer of 164,695 shares, Kingston Properties popped 40 cents to $7.40 with 1,954 units clearing the market, Kingston Wharves climbed $3.38 in closing at $37.50 in trading 3,443 stock units. Margaritaville dipped 45 cents in ending at $27.55, with four units crossing the market, Massy Holdings dropped $1 to a 52 weeks’ low of $74 after exchanging 2,077 stocks, Mayberry Investments advanced 65 cents to end at $9.90 in trading 13,575 shares. MPC Caribbean Clean Energy rose $16.22 to $82, with 13 stock units changing hands, NCB Financial increased 40 cents to $92.90 with investors transferring 40,434 units, 138 Student Living rose $1.04 to close at $6.95 after exchanging 507,024 shares. Palace Amusement climbed $44.99 in closing at $734.99 in trading 45 stocks, PanJam Investment popped $2 to close at $62 in switching ownership of 6,805 stocks, Portland JSX shed 40 cents to end at $10.50 in an exchange of 158 shares. 
Proven Investments gained $1.50 after finishing at $33 while exchanging 5,206 units, Seprod advanced 40 cents to $69.40 with an exchange of 115 stock units, Stanley Motta rallied 69 cents to close at $5.29 in trading 3,000 stock units. Supreme Ventures increased 50 cents to end at $30 after exchanging 786,773 shares, Sygnus Credit Investments advanced 40 cents to $13.50, with 23,180 units crossing the market and Sygnus Real Estate Finance climbed $1.14 in closing at $10.94 after trading ten stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rally for JSE USD market
Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks exchanged rising 16 percent buy with a 75 percent lower value than on Wednesday, resulting in six securities traded, compared to eight on Wednesday with one rising, one declining and four ending unchanged.
Overall, 954,744 shares were traded for US$59,481 compared to 819,705 units at US$242,568 Wednesday. Trading averaged 159,124 units at US$9,914, versus 102,463 shares at US$30,321 on Wednesday, with a month to date average of 56,947 shares at US$8,704 versus 52,992 units at US$8,657 on the previous trading day. July ended with an average of 49,665 units for US$3,449.
The JSE US Denominated Equities Index rose 9.00 points to end at 206.02.
The PE Ratio, a measure used in computing appropriate stock values, averages 7.9. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than the last selling prices and two with lower offers.
At the close, First Rock Real Estate USD share remained at 4 US cents in an exchange of 41,225 shares, Productive Business Solutions climbed 5 cents to end at US$1.20 after a transfer of 4,819 stock units, Proven Investments lost 1 cent in closing at a 52 weeks’ low of 19 US cents, with 193,028 units changing hands. Sterling Investments ended at 2.09 US cents, with investors transferring 2,840 stocks and Transjamaican Highway closed at 0.85 of a US cent in exchanging 708,836 stock units.
In the preference segment, JMMB Group 5.75% remained at US$1.7425, with 3,996 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market may have bottomed
Trading closed on the Junior Market of the Jamaica Stock Exchange on Thursday, with the volume and the value of stocks traded rising 69 percent and 79 percent, respectively, above the outcome on Wednesday with 43 securities trading versus 41 on Wednesday and ended with 22 rising,13 declining and eight ended unchanged, leading the Junior Market Index to rally 3.73 points to close at 4,094.15.
A total of 10,883,378 shares were exchanged for $43,051,001, compared to 6,431,868 units at $24,069,213 on Wednesday. Trading averaged 253,102 shares at $1,001,186 compared to 156,875 shares at $587,054 on Wednesday, with the month to date, averaging 363,890 units at $1,223,095 compared to 370,451 units at $1,236,238 on the previous trading day. July closed with an average of 512,709 units at $2,574,304.
MFS Capital Partners led trading with 5.14 million shares for 47.2 percent of total volume, followed by Future Energy Source with 2.10 million units for 19.3 percent of the day’s trade and Dolla Financial with 397,024 units for 3.6 percent market share.
The PE Ratio, a measure of computing appropriate stock values, averages 12.7. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging lost 22 cents to close at $3.78 after exchanging 32,899 shares, Cargo Handlers dropped 50 cents to end at $14, with 1,360 stock units crossing the market, Caribbean Cream climbed 40 cents in closing at $4.25 after 87 stocks changed hands. Consolidated Bakeries popped 23 cents to close at $1.77 after transferring 41,622 units, Derrimon Trading rose 11 cents after ending at $2.34, with 42,284 stock units changing hands, Dolphin Cove climbed 60 cents to $13.90 in trading 2,073 units. EduFocal gained 20 cents to end at $2.60, with 104,653 stocks clearing the market, General Accident advanced 10 cents in ending at $5.80 with investors transferring 72,678 shares, Honey Bun rallied 75 cents to close at $7.93 with a transfer of 34,847 units. Indies Pharma advanced 31 cents in closing at $3.18 with an exchange of 2,103 stocks, Jamaican Teas dipped 38 cents in closing at $2.51 while exchanging 387,400 stock units, Medical Disposables shed 75 cents to end at $5.87 in trading 622 shares. 
MFS Capital Partners rallied 10 cents to $4.10 after exchanging 5,135,918 shares, Spur Tree Spices rose 12 cents to close at $3.85 with 159,791 stock units changing hands and Stationery and Office Supplies climbed 55 cents in ending at $14.65 as investors exchanged 20,401 units.
In the preference segment, CAC 2000 9.5% preference share declined 20 cents to $1 with an exchange of 156 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
All JSE markets reverse declines
Investors were less bearish in trading on the Jamaica Stock Exchange on Thursday with all markets recording gains at the close, with a moderate rise in the volume and value of trading, resulting in the JSE Combined Index a measure of the overall market, jumping 7,085.72 points to 374,131.76.
The All Jamaican Composite Index rose 5,021.15 points to 409,700.08, the JSE Main Index surged 7,542.39 points to 360,761.38, the Junior Market Index popped 3.73points to 4,094.15 and the JSE USD market Index rallied 9.00 points to 206.02.
Trading ended with 20,473,076 shares changing hands with the value at $108.5 million, from $98.7 million, with 22,376,199 shares traded in the overall market on the prior trading day. The JSE USD market ended with the value of stocks traded at US$59,481 versus US$242,568 on the previous day of trading.
The market’s PE ratio ended at 22.6 based on 2021-22 earnings and 12.4 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options 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 decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks 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 remove emotions from investment decisions 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 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 the 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.
Trading climbs on TTSE on Thursday
Investors pushed trading of stock sharply higher on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded rising 85 percent and the value 24 percent more than on Wednesday, resulting in 16 securities traded compared to 23 on Wednesday, with four rising, two declining and ten remaining unchanged.
Investors traded 1,165,311 shares for $7,899,578 versus 629,483 units at $6,392,446 on Wednesday. An average of 72,832 units were traded at $493,724 compared to 27,369 shares at $277,932 on Wednesday, with trading month to date averaging 43,584 units at $407,850 versus 42,060 units at $403,375 on the previous trading day. The average trade for July amounts to 28,304 units at $283,023.
The Composite Index declined 6.33 points to 1,368.82, the All T&T Index climbed 2.47 points to 2,036.67 and the Cross-Listed Index shed 2.21 points to end at 91.56.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Calypso Macro Investment Fund climbed 80 cents to $20.80 in an exchange of 380 shares, Clico Investment Fund ended at $31 after trading 65,735 units, First Citizens Group popped 15 cents to close at $50, with 508 stocks changing hands. FirstCaribbean International Bank shed 46 cents to end at $5.01 with investors transferring 502,377 stock units, GraceKennedy remained at $5.39 with the swapping of 2,556 stock units, 
JMMB Group ended unchanged at $2.31 after trading 104,440 shares. Massy Holdings popped 1 cent to close at $4.74 in exchanging 342,093 units, National Enterprises closed at $3.60 with an exchange of 77,291 stocks, NCB Financial Group ended at $5 in switching ownership of 19,683 units. One Caribbean Media ended at $4 after nine stocks crossed the market, Republic Financial Holdings rallied 24 cents to close at $140.25 with an exchange of 292 stock units, Scotiabank remained at $78, with 252 shares crossing the market. Trinidad & Tobago NGL lost $1.50 in ending at $23 while exchanging 20 units, Trinidad Cement ended at $3.52 after 2,544 stocks changed hands, Unilever Caribbean remained at $12.20 after a transfer of 7,000 stock units and West Indian Tobacco ended at $23.40 as investors exchanged 40,131 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
11% drop for JSE Main Market
The Jamaica Stock Exchange Main Market fell 10.8 percent to its lowest level since the start of the year at the end of trading on Wednesday. The volume of stocks traded rose 51 percent with a 43 percent lower value than at the close on Tuesday as 52 securities were exchanged compared to 56 on Tuesday, with 16 rising, 21 declining, and 15 ending unchanged.
The All Jamaican Composite Index dived 2,743.15 points to 404,678.93, to be down 7.7 per for the year to date, the JSE Main Index dropped 4,595.49 points to 353,218.99, with a 10.8 percent fall for the year and the JSE Financial Index shed 0.72 points to settle at 85.46.
Investors traded 15,124,626 shares costing $74,624,156 versus 10,035,795 units at $130,106,528 on Tuesday. The average trade for the day was 290,858 units at $1,435,080, compared to 179,211 shares at $2,323,331 on Tuesday and month to date, an average of 856,824 units at $5,280,521, compared to 889,671 units at $5,503,694 on the previous day. July closed with an average of 173,643 units at $1,683,017.
138 Student Living led trading with 4.23 million shares for 28 percent of total volume, followed by Wigton Windfarm with 3.76 million units for 24.9 percent of the day’s trade, Sagicor Select Financial Fund with 2.85 million units for 18.9 percent market share and Transjamaican Highway with 1.24 million units for 8.2 percent of the day’s transactions.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.4 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with the financial year ending between November and August 2023.
The Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Berger Paints rose $1.16 to $11.47, with 1,591 shares changing hands, Eppley fell $1 to close at $40 in trading 100 stocks, GraceKennedy shed $2 in closing at $94 with the swapping of 143,571 units. Guardian Holdings jumped $50.46 to end at $557.46, with 35 stock units crossing the market, Jamaica Broilers popped 50 cents to $28.50 while exchanging 19,549 shares, Jamaica Producers lost 87 cents to end at $20.13 after exchanging 20,436 stocks. JMMB Group climbed 50 cents in closing at $41.25 after 124,437 units changed hands, Massy Holdings dropped $10.84 to close at a 52 weeks’ low of $75 after trading 1,464 stock units, 138 Student Living advanced 46 cents to $5.91 with 4,229,552 shares changing hands. Palace Amusement declined $70 to end at a 52 weeks’ low of $690 after exchanging 74 stocks, Proven Investments dipped 50 cents to close at $31.50, with 7,052 stock units crossing the market, Scotia Group dropped $1.10 to $34 as investors exchanged 13,588 units. 
Seprod lost 45 cents to end at $69 in an exchange of 5,129 shares and Supreme Ventures declined 40 cents to $29.50 with investors transferring 48,546 units.
In the preference segment, Eppley 7.50% preference share increased 49 cents in closing at $7.49 after trading 10,940 stock units and JMMB Group 7% preference share dipped 50 cents to $2 with 30,116 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading up prices down
Investors pushed trading on the Jamaica Stock Exchange US dollar market higher on Wednesday, with the volume and value of stocks exchanged rising 72 percent and 146 percent, respectively, compared to Tuesday, resulting in the trading of eight securities compared to seven on Tuesday with one rising, three declining and four ending unchanged.
Trading of 819,705 shares for US$242,568 were exchanged compared to 475,683 units at US$98,429 on Tuesday. Trading averaged 102,463 units at US$30,321, versus 67,955 shares at US$14,061 on Tuesday, with month to date average of 52,992 shares at US$8,657 versus 50,299 units at US$7,478 on the previous trading day. July ended with an average of 49,665 units for US$3,449.
The JSE US Denominated Equities Index fell 5.30 points to end at 197.02.
The PE Ratio, a measure used in computing appropriate stock values, averages 7.9. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than the last selling prices and two with lower offers.
At the close, First Rock Real Estate USD share ended unchanged at 4 US cents after exchanging 383,273 shares, Productive Business Solutions remained at US$1.15 in trading 1,002 units, Proven Investments ended at 20 US cents after an exchange of 178,876 stocks after trading at an intraday weeks’ low of 1.9 cents. Sygnus Credit Investments USD share fell 0.01 of a cent in ending at 11.11 US cents with an exchange of 44,218 stock units and 
Transjamaican Highway shed 0.1 of a cent to close at 0.85 US cents in exchanging 27,222 stocks.
In the preference segment, Equityline Mortgage Investment preference share remained at US$1.85 in an exchange of 106 stock units, JMMB Group 5.75% rose 4.25 cents to US$1.7425 while exchanging five shares and JMMB Group 6% declined 9 cents to US$1, with 185,003 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
