Archives for December 2022

Surge in trading on the Trinidad Exchange

Investors pumped in 1,051 more funds in the Trinidad and Tobago Stock Exchange on Friday and pushed the volume of stocks traded up 90 percent more than on Thursday resulting in 15 securities trading compared with 19 on Thursday, with eight stocks rising, three declining and four remaining unchanged after an exchange of 865,694 shares for $38,589,934 up from 455,083 stock units at $3,353,828 on Thursday.
Trading averaged 57,713 units at $2,572,662 compared to 23,952 shares at $176,517 on Thursday, with trading month to date averaging 38,846 shares at $1,233,640.
The average trade for November amounts to 51,348 at $461,781.
The Composite Index dipped 2.03 points to end at 1,310.15, the All T&T Index declined 5.61 points to close at 1,972.38 and the Cross-Listed Index climbed 0.25 points to 84.19.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s rallied 49 cents in closing at $43.50 after switching owners of 29 shares, Clico Investment Fund advanced 75 cents to close at $29.75 while exchanging 3,329 stocks, Endeavour Holdings increased $1 in ending at $8 with investors transferring 876 stock units. First Citizens Group dipped 5 cents to end at $50, with 762,269 units crossing the market, JMMB Group climbed 3 cents to $1.85 after a transfer of 2,672 stocks, Massy Holdings popped 8 cents to end at $4.75 with a transfer of 4,584 stock units. National Enterprises dipped 1 cent in ending at $3.24 with 1,500 units changing hands, National Flour Mills remained at $1.50, with 79,000 shares crossing the market, NCB Financial gained 14 cents in closing at $4.70 after trading 5,300 stocks. Prestige Holdings ended at $6.30 in an exchange of 14 shares, Republic Financial ended at $139 after an exchange of 75 units, Scotiabank dropped 2 cents to $77.48w ith the swapping of 1,198 stock units. Trinidad & Tobago NGL rose 29 cents to $21.24 in trading 4,728 units, Trinidad Cement popped 5 cents to close at $3.65 with an exchange of 100 shares and West Indian Tobacco remained at $22 with investors trading 20 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Stocks mostly down on the JSE USD Market

Stocks mostly to close out trading on Thursday on the Jamaica Stock Exchange US dollar market, with a 30 percent decline in the volume of stocks exchanged, with 31 percent more value than on Wednesday, resulting in nine securities traded, compared to eight on Wednesday with one rising, five declining and three ending unchanged.
A total of 584,733 shares traded for US$20,685 compared to 834,596 units at US$15,756 on Wednesday.
Trading averaged 64,970 units at US$2,298, compared with 104,325 shares at US$1,969 on Wednesday. Trading in November averaged 33,913 units for US$3,363.
The JSE US Denominated Equities Index gained 1.73 points to end at 229.78.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.4. 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 none with a lower offer.
At the close, First Rock Real Estate USD share declined 0.44 of one cent to close at 7.5 US cents after exchanging 1,050 shares, Proven Investments fell 0.01 of a cent in closing at 19.89 US cents with 2,767 units crossing the market, Sygnus Credit Investments USD share dropped 0.36 of one cent ending at 9.5 US cents after trading 1,887 stocks. Sygnus Real Estate Finance USD share ended at 11 US cents after 2,702 stock units were traded and Transjamaican Highway dipped 0.03 of a cent to 0.95 of one US cent in switching ownership of 567,818 stocks.
In the preference segmentJMMB Group 5.5% advanced 10 cents to US$2 after a transfer of 1,500 shares. JMMB Group 5.75% remained at US$1.50 after trading of 4,990 stock units, JMMB Group 5.75% C share shed 1 cent ending at US$1.99 after exchanging 1,500 units and JMMB Group 6% ended at US$1, with 519 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main Market jumps to start December

Prices jumped on Thursday on the Jamaica Stock Exchange Main Market following Wednesday’s big rally but closed with falling prices having the upper hand over those rising following a 58 percent decline in the volume of stocks exchanged by investors with value plunging 69 percent compared to Wednesday, from 53 securities trading compared to 55 on Wednesday, with 15 rising, 30 declining and eight ending unchanged.
A total of just 4,145,005 shares were exchanged for $91,859,137 compared with 9,955,147 units at $296,663,488 on Wednesday.
Trading averaged 78,208 units at $1,733,191 compared with 181,003 shares at $5,393,882 previously. November closed with an average of 202,406 units at $1,736,565.
Transjamaican Highway led trading with 1.25 million shares for 30.1 percent of total volume followed by Pulse Investments with 539,781 units for 13 percent of the day’s trade and Massy Holdings with 500,356 units for 12.1 percent market share.
The All Jamaican Composite Index rallied 4,498.12 points to 389,345.89, the JSE Main Index climbed 2,956.32 points to 341,750.83 and the JSE Financial Index rose 1.15 points to 81.99.
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 incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
At the close, the Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments climbed $3.23 to $89.25 in switching ownership of 1,153 shares, Caribbean Cement advanced $1.49 in closing at $58 after trading 52,243 units, Caribbean Producers dipped 40 cents to $12 in exchanging 14,499 stock units. Eppley lost 97 cents to close at $38 after transferring 1,625 stocks, Eppley Caribbean Property Fund gained 40 cents in ending at $41.40 with 3,738 stock units changing hands, First Rock Real Estate declined $1.84 to settle at $12.76, with 2,500 stocks clearing the market. Jamaica Broilers dropped 40 cents to $28 with a transfer of 13,688 units, Jamaica Producers rose $1.77 in closing at $24.50 with the swapping of 169,480 shares, Jamaica Stock Exchange fell $2.10 to $14.80 with 2,212 shares crossing the exchange. JMMB Group shed $1 to close at $32 in trading 10,770 units, Kingston Properties dipped $1.40 to $6.50 after  2,410 stocks were traded, Kingston Wharves shed $7.29 to a 52 weeks’ closing low of $27.71 with an exchange of 159,645 stock units. Margaritaville popped $2.05 to end at $22.56 with 87 units changing hands, Massy Holdings dropped $1 in closing at $80 as investors exchanged 500,356 stock units, Mayberry Jamaican Equities rallied 90 cents to $13.40 with investors transferring 1,000 shares. NCB Financial lost 50 cents to end at $83 trading 13,197 stocks, PanJam Investment fell $2.30 to $56 in an exchange of 70,016 units, Proven Investments advanced $1.74 to $27.96 with the swapping of 9,557 shares. Pulse Investments lost 40 cents to a 52 weeks’ closing low of $2.65 after exchanging 539,781 stock units, Sagicor Group dipped $1.12 in ending at $52.98 in transferring 94,741 stocks, Scotia Group fell $2.05 to $32.15 in switching ownership of 37,516 stocks. Seprod shed $1.50 in closing at $69 after an exchange of 4,669 stock units, Supreme Ventures advanced $1.04 to $26.01 with the swapping of 114,979 shares, Sygnus Credit Investments declined $1.41 to $11.50 after exchanging 19,800 units. Sygnus Real Estate Finance gained $1.20 to end at $10.20 with an exchange of 2,501 shares and Wisynco Group lost $1.21 to close at $17.20 in trading 293,941 stock units.
In the preference segmentEppley 7.75% preference share dropped 50 cents to $20 with 4,550 stocks clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Falling stocks push Junior Market down

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Just nine stocks rose, 19 declined and 12 ended unchanged on the Junior Market of the Jamaica Stock Exchange on Thursday, resulting in the market index dropping 70.39 points to close at 3,908.56, with the volume of stocks traded declining 61 percent and the value 66 percent lower than on Wednesday from the trading of 40 securities down from 42 on Wednesday.
A total of 7,339,207 shares were traded for $20,780,968 compared with 18,836,649 units at $60,904,034 on Wednesday.
Thursday’s trading averaged 183,480 shares at $519,524 compared with 448,492 units at $1,450,096 on Wednesday. November ended with an average of 259,968 units at $710,630.
MFS Capital Partners led trading with 3.23 million shares for 44 percent of total volume followed by Dolla Financial with 1.24 million units for 16.9 percent of the day’s trade and ONE on ONE Educational with 501,110 units for 6.8 percent market share.
The PE Ratio, a measure of computing appropriate stock values, averages 12.1. The PE ratios of Junior Market stocks incorporate projected earnings computed by ICInsider.com for companies with financial year that falls between November this year and August 2023.
The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial dipped $4.19 to $21.31 in an exchange of 1,908 shares, Cargo Handlers gained 20 cents to close at $13 with 5,000 units clearing the market, Caribbean Flavours fell 10 cents to end at $1.73 after 28,958 stocks crossed the market. Elite Diagnostic advanced 20 cents to $3.50 trading 122,822 stock units, Express Catering declined 43 cents in ending at $4.57 with the swapping of 13,774 stocks, Fontana popped 35 cents to settle at $8.85 after a transfer of 45,901 stock units. Fosrich lost 17 cents in closing at $4.05 in exchanging 22,595 shares, Indies Pharma shed 53 cents to close at $2.59 with 320 units changing hands, Iron Rock Insurance rose 38 cents to $2.45 as investors swapped a mere six shares.ISP Finance climbed $1.49 to $16.39 in transferring 13,125 stocks, JFP Ltd dropped 16 cents to close at $1.60 in trading 100,523 stock units, Knutsford Express shed $1.06 after ending at $7.92 with an exchange of 338 units. Limners and Bards lost 15 cents to finish at $2.65 with 16,487 shares clearing the market, Lumber Depot dipped 14 cents to $2.30 after exchanging 136,271 units, MFS Capital Partners rallied 27 cents in closing at $2.79 with investors transferring 3,229,717 stock units.Spur Tree Spices dropped 63 cents to end at $3.17 as investors switched ownership of 248,340 stocks and tTech gained 31 cents to close at $3.27 after 225 shares crossed the market.
Prices of securities trading are those for the

TTSE starts new month with trading rise

Market activity picked up on the Trinidad and Tobago Stock Exchange on Thursday, resulting in 19 securities trading compared with 18 on Wednesday, with nine stocks rising, four declining and six remaining unchanged after the volume of stocks traded jumped 260 percent more than on Wednesday with the value up 42 percent.
Investors traded 455,083 shares for $3,353,828 up from 126,108 stock units at $2,365,917 on Wednesday.
The average trade on Thursday was 23,952 shares at $176,517 versus 7,006 shares at $131,440 on Wednesday. The average trade for November amounts to 51,348 at $461,781.
The Composite Index rallied 7.66 points to end at 1,312.18, the All T&T Index popped 15.62 points to 1,977.99 and the Cross-Listed Index shed 0.12 points to close at 83.94.
Investor’s Choice bid-offer indicator shows three stocks ending with a bid higher than their last selling prices and two with lower offers.
At the close, Agostini’s rallied 1 cent to $43.01 after an exchange of 249 shares, Ansa McAl jumped $6.30 to $53.80 in switching ownership of 16,197 units, Ansa Merchant Bank remained at $42.20 after 643 stock units were exchanged. Clico Investment Fund dropped 5 cents to end at $29, with 11,502 stocks crossing the market, First Citizens Group rose 5 cents to close at $50.05, with 1,117 units crossing the market, FirstCaribbean International Bank rallied 1 cent to $5.12 in exchanging 2,500 stock units. GraceKennedy fell 4 cents in closing at $4.75 with investors transferring 950 shares, Guardian Holdings ended at $25.81 after trading 1,000 stocks, JMMB Group popped 1 cent to $1.82 in an exchange of 30,900 units. L.J. Williams B share increased 10 cents to a 52 weeks’ high of $2.50 after the swapping of 54 stocks, Massy Holdings climbed 2 cents to end at $4.67 with a transfer of 230,684 shares, National Enterprises remained at $3.25 as investors exchanged 41,000 stock units. NCB Financial ended at $4.56 after 97,880 stock units changed hands, Point Lisas remained at $3.25 in exchanging 752 stocks, Prestige Holdings rallied 5 cents to $6.30 as investors swapped 2,271 shares. Scotiabank climbed 50 cents to $77.50, with 1,627 units changing hands, Trinidad & Tobago NGL dipped 29 cents to $20.95 as 2,319 units passed through the market, Trinidad Cement lost 5 cents to end at $3.60 after exchanging 8,430 shares and West Indian Tobacco ended at $22 after a transfer of 5,008 stocks.
Prices of securities trading are those for the last transaction