Market activity ended on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume of stocks traded rising 38 percent, with the value 25 percent lower than on Tuesday, resulting in 15 securities trading compared with 13 on Tuesday, with stocks rising, declining and unchanged sharing five each.
Investors exchanged 263,894 shares for $2,069,609 against 191,557 stock units at $2,763,387 on Tuesday. An average of 17,593 units were traded at $137,974 compared to 14,735 shares at $212,568 on Tuesday, with trading month to date averaging 16,266 shares at $172,607. The average trade for October amounts to 29,755 at $358,068.
The Composite Index popped 1.90 points to 1,312.67, the All T&T Index lost 5.82 points to close at 1,960.61 and the Cross-Listed Index climbed 1.42 points to 86.70.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s shed 99 cents after ending at $42.01 as investors exchanged 7,784 shares, Angostura Holdings advanced 80 cents in closing at $24.95 after a transfer of 206 stock units, Clico Investment Fund ended at $29.86 while exchanging 2,787 stocks. First Citizens Group rose 1 cent to close at $50.11 with 2,340 units changing hands, FirstCaribbean International Bank remained at $5 as 160 shares crossed the market, GraceKennedy remained at $5 in trading 643 units. 
Guardian Holdings ended at $25.13, with ten stock units crossing the exchange, Massy Holdings dipped 9 cents in closing at $4.40 in exchanging 160,676 stocks, NCB Financial climbed 20 cents to $4.76 in switching ownership of 1,060 stock units. Republic Financial dropped $2 to end at $133 with an exchange of 958 stocks, Scotiabank popped 80 cents to end at $77.80, with 3,139 units crossing the market, Trinidad & Tobago NGL lost 1 cent to close at $21.99 trading 5,597 shares. Trinidad Cement rallied 2 cents after ending at $3.50 in exchanging 74,834 stock units, Unilever Caribbean ended at $12.90, with 2,500 units changing hands and West Indian Tobacco declined 1 cent to $21.89 with 1,200 shares passing through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Archives for November 2022
Mixed results for TTSE
Trading slips for JSE Main Market
The volume of stocks trading on Tuesday dropped 76 percent, with a 15 percent lower value than on Monday on the Jamaica Stock Exchange Main Market, resulting from 55 securities trading down from 60 on Monday, with 15 rising, 27 declining and 13 ending unchanged.
A total of 10,084,883 shares were exchanged for $60,042,941 versus 42,372,789 units at $70,469,791 on Monday.
Tthe average trade on Tuesday was 183,361 units at $1,091,689 versus 706,213 shares at $1,174,497 on Monday. The average trade in October ended with 231,243 units at $1,464,224.
Wigton Windfarm led trading with 3.86 million shares for 38.5 percent of total volume, followed by Transjamaican Highway with 1.85 million units for 18.5 percent of the day’s trade and Pulse Investments with 1.27 million units for 12.7 percent market share.
The All Jamaican Composite Index dipped 818.79 points to 396,389.60, the JSE Main Index fell 1,605.97 points to 346,045.01 and the JSE Financial Index rose 0.35 points to end at 83.43.
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 incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and 11 with lower offers.
At the close, Barita Investments dropped $1.85 to $98 with 12,578 stocks crossing the market, Caribbean Cement declined $3.25 to $57.50 with 116,678 stock units clearing the exchange, Caribbean Producers dipped 77 cents in closing at $12.53 after a transfer of 40,424 units, Eppley shed $4.50 to close at $35.20 with 174 stock units changing hands, First Rock Real Estate advanced 90 cents to $14.40 in an exchange of 1,114 units. GraceKennedy fell $2.85 to close at $82 with the swapping of 39,592 shares, Jamaica Producers lost $2.73 to end at $17.27 after trading 13,041 stocks, Jamaica Stock Exchange dipped $1.29 in closing at $15.21 with 3,767 stocks clearing the market. MPC Caribbean Clean Energy rallied $4 to $84 after trading 751 shares, NCB Financial gained $1 to close at $84.99 in exchanging 236,109 units, 138 Student Living dropped 45 cents to $6.50 in switching ownership of 1,073 stock units. PanJam Investment shed $3 to end at $56 as investors exchanged 73 stock units, Pulse Investments rose 46 cents after finishing at $3.39 with investors transferring 1,269,900 units, Sagicor Group lost $2.02 to close at $50.98 with the swapping of 50,178 stocks. 
Scotia Group declined $1.28 to end at $35.40 with a transfer of 62,578 shares, Stanley Motta popped $1.25 to close at $5.25 in trading 24,307 stocks, Sygnus Real Estate Finance fell 58 cents in closing at $10 after investors transferred two stock units.
In the preference segment, Eppley 7.50% preference share climbed 74 cents to $7.74 to close with a transfer of 101 units, 138 Student Living preference share shed 80 cents in ending at $55 after exchanging 41 shares and Productive Business Solutions 10.5% preference share increased $19.99 to end at a record $1,150, with 235 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for the JSE USD market
Trading activity on the Jamaica Stock Exchange US dollar market declined on Tuesday, with the volume of stocks exchanged slipping 83 percent valued 18 percent less than Monday’s trade, following trading in 11 securities, compared to 10 on Monday with three rising, five declining and three ending unchanged.
Investors traded 79,997 shares with a value of US$20,849 versus 467,538 units at US$25,574 on Monday.
Trading averaged 7,272 stock units at US$1,895 on Tuesday versus 46,754 shares at US$2,557 on Monday. October ended with an average of 40,972 units for US$2,277.
The JSE US Denominated Equities Index gained 1.82 points to end at 212.91.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.6, 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 one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, First Rock Real Estate USD share rallied 0.82 of one cent to end at 7.9 US cents as 75 shares passed through the market, MPC Caribbean Clean Energy gained 0.99 of a cent ending at 61.99 US cents as investors exchanged 1,080 stocks, Proven Investments advanced 0.96 of one cent to 19.99 US cents after a transfer of 20,212 stock units. Sterling Investments dipped 0.1 of a cent to 2 US cents, with 8,756 units changing hands. 
Sygnus Credit Investments USD share fell 0.88 of a cent to close at 9.12 US cents with the swapping of 11,271 stock units, Sygnus Real Estate Finance USD share remained at 11.64 US cents after 166 shares passed through the market and Transjamaican Highway ended at 0.98 of one US cent after an exchange of 30,245 stock units.
In the preference segment, Productive Business 9.25% preference share declined 14 cents in closing at US$12 in exchanging 500 units, Equityline Mortgage Investment preference share shed 3 cents to close at US$1.67 while exchanging 29 shares. JMMB Group 5.75% ended at US$1.75 after trading 794 stocks and JMMB Group 6% dropped 3 cents to US$1.06 with an exchange of 6,869 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market squeezes out gains
The Junior Market of the Jamaica Stock Exchange eked out a modest gain on Tuesday, with trading declining sharply from Monday’s levels as the volume of stocks traded declined 71 percent as the value dropped 70 percent, with 41 securities trading versus 43 on Monday and ended with 15 rising, 22 declining and four closing unchanged.
A total of 7,315,888 shares were exchanged for $25,872,080 compared to 25,484,902 units at $87,225,378 on Monday.
Trading averaged 178,436 shares at $631,026 compared with 592,672 units at $2,028,497 on Monday. October closed with an average of 264,407 units at $832,036.
Main Event closed at a 52 weeks’ high of $10.35 and Derrimon Trading ended at the 52 weeks’ low of $2.07 and Dolla Financial led trading with 1.81 million shares for 24.7 percent of total volume followed by Tropical Battery with 895,365 units for 12.2 percent of the day’s trade and JFP Ltd with 565,494 units for 7.7 percent market share.
At the close, the Junior Market Index advanced 8.37 points to settle at 4,060.08.
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 seven stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial dropped $1.50 to close at $25 with a transfer of 18,291 shares, AMG Packaging declined 30 cents to $3.18 in an exchange of 9,740 units, Caribbean Assurance Brokers lost 29 cents in closing at $2.36, with 506 stocks passed through the market. Caribbean Cream dipped 14 cents to close at $3.86 after an exchange of 8,101 stock units, Dolphin Cove gained 98 cents after ending at $13.98, with 142,469 stocks changing hands, Express Catering dropped 29 cents to end at $5 with the swapping of 200 units. Future Energy Source fell 17 cents in closing at $5.21 while exchanging 230,614 shares, Honey Bun rallied 63 cents to $7.19 after an exchange of 209,359 stock units, Indies Pharma dipped 34 cents after ending at $2.80 in exchanging 3,526 stock units. ISP Finance advanced $1.10 to close at $16.20, with 2,116 stocks clearing the market, Knutsford Express dropped 90 cents in closing at $8.80 after trading 7,421 units, Lasco Manufacturing climbed 19 cents to $4, with 3,839 shares crossing the market. Lumber Depot fell 19 cents to end at $2.51 as investors exchanged 354,569 stocks, Main Event increased $1.35 to close at a 52 weeks’ high of $10.35, with 356,770 stock units crossing the market, Medical Disposables declined 59 cents ending at $5.10 after trading 11,339 shares.
MFS Capital Partners shed 10 cents to end at $3 in switching ownership of 296,066 units, Paramount Trading popped 11 cents to $2 after a transfer of 4,727 shares, Spur Tree Spices lost 29 cents in closing at $3.48 with an exchange of 186,306 stocks. Stationery and Office Supplies shed 86 cents to close at $16.13 after exchanging 700 units and tTech rose 59 cents to $3.29, with just one stock unit changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE stocks slip into November
Main Market stocks declined to start off November but the Junior Market and the Jamaica JSE US Market rose to start the new month on a positive note at the close, with the JSE Combined Market Index falling 1,424.21 to close at 360,064.48.
The JSE Main Index declined 1,605.97 points to 346,045.01 the Junior Market Index closed at 4,060.08 points after putting on 8.37 points while the All Jamaica Composite Index fell 818.79 points to 396,389.60 and the JSE US dollar market rose 1.17 points to 212.91.
Trading ended, with 17,410,768 shares changing hands, for $85.8 million, down from $157.7 million, with 68,325,229 shares traded in all markets on the previous day. The JSE USD market ended as investors expended US$20,849 from US$25,574 on Monday.
The market’s PE ratio ended at 23.7 based on 2021-22 earnings and 12.7 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 dips on TTSE on Tuesday
Trading on the Trinidad and Tobago Stock Exchange was flat on Tuesday, with more stocks declining than rising and the volume of stocks traded declined 48 percent, with a slightly higher value than on Monday which resulted in 13 securities trading down from 22 on Monday and ended with the prices of two stocks rising, seven declining and four remaining unchanged.
Investors traded 191,557 shares for $2,763,387 versus 370,618 stock units at $2,662,246 on Monday, resulting in an average of 14,735 units trading at $212,568 compared to 16,846 shares at $121,021 on Monday. The average trade for October amounts to 29,755 at $358,068.
The Composite Index shed 4.74 points to close at 1,310.77, the All T&T Index advanced 0.85 points to 1,966.43 and the Cross-Listed Index dipped 1.50 points to settle at 85.28.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings dipped 80 cents in closing at $24.15 as 68,297 shares passed through the market, Calypso Macro Investment Fund ended at $22, with 20 stocks changing hands, CinemaOne remained at $5.98 after trading 100 stock units. Clico Investment Fund declined 4 cents to close at $29.86 in an exchange of 821 units, First Citizens Group remained at $50.10 with the swapping of 10,190 shares, Guardian Holdings dropped 7 cents to $25.13 with investors exchanging 1,787 units. 
Massy Holdings shed 1 cent to end at $4.49 with the swapping of 7,132 stocks, National Flour Mills popped 6 cents to $1.65 with an exchange of 250 shares, NCB Financial fell 4 cents to $4.56 with investors transferring 49,904 stocks. One Caribbean Media ended at $3.70 with a transfer of 105 units, Republic Financial advanced $2 to close at $135 in switching ownership of 353 shares, Trinidad Cement lost 2 cents to end at $3.48 in exchanging 50,370 stock units and West Indian Tobacco dipped 10 cents to $21.90 while exchanging 2,228 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
