Rising stocks outpace those declining, two to one on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded declining slightly compared with Wednesday, with a 66 percent higher value, resulting in 21 securities trading up from 16 on Wednesday, with prices of eight stocks rising, four declining and nine remaining unchanged.
Investors traded 578,879 shares for $21,821,177 versus 603,880 stocks at $13,154,529 on Wednesday.
An average of 27,566 units were traded at $1,039,103 compared to 37,743 shares at $822,158 on Wednesday, with trading month to date averaging 31,966 shares at $945,289 versus 37,743 units at $822,186 on the previous day. The average trade for January amounts to 28,440 at $235,404.
The Composite Index lost 3.59 points to close at 1,321.70, the All T&T Index fell 4.70 points to 1,977.31, the SME Index remained unchanged at 57.12 and the Cross-Listed Index declined 0.34 points to 86.81.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s increased $2 to a 52 weeks’ high of $56, with 19 shares crossing the exchange, Angostura Holdings lost 1 cent in closing at $23.74 after switching ownership of 125 stocks, Ansa McAl popped 1 cent to $48.01 as investors exchanged 5,204 stock units. Calypso Macro Investment Fund ended at $20.25 with 600 units clearing the market, First Citizens Group dipped 49 cents in ending at $50 with the swapping of 1,918 units, FirstCaribbean International Bank climbed 1 cent in closing at $6.11 as 2,386 shares passed through the market. 
GraceKennedy gained 5 cents to $4.75, with 31,155 stocks changing hands, Guardian Holdings remained at $26 after an exchange of 218,509 stock units, JMMB Group ended at $1.99 in exchanging 2,250 stock units. L.J. Williams B share remained at $2.70 with a transfer of 10 stocks, Massy Holdings ended at $4.49 with trading in 25,399 units, National Enterprises declined 11 cents in closing at $3.60 after 115,000 shares changed hands. National Flour Mills advanced 1 cent to close at $1.51, with 10,100 stocks crossing the market, One Caribbean Media rose 39 cents to $3.50 while exchanging 30,000 stock units, Point Lisas rallied 5 cents to end at $3.55 with 459 units changing hands. Prestige Holdings remained at $7 after a transfer of 1,650 shares, Republic Financial remained at $137.50 with an exchange of 98,145 shares, Scotiabank ended at $77.95 in trading 17,649 stock units. Trinidad & Tobago NGL remained at $21.25 as 15,744 units changed hands, Unilever Caribbean increased 30 cents in closing at $13.90 with investors transferring 1,086 stocks and West Indian Tobacco fell 80 cents to end at $20.51 in trading 1,471 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Archives for February 2023
Stocks mostly gain but Trinidad exchange falters
Junior Market still 2023 positive after sharp fall
Stocks mostly dropped in trading on the Junior Market of the Jamaica Stock Exchange on Wednesday with the market index diving 62.44 points to 3,995.80, leaving the market in positive territory for the year to date, following a 42 percent fall in the volume of stocks traded, with 71 percent lower value than on Tuesday with trading of 45 securities similar to trading on Tuesday and ended with 11 rising, 25 declining and 9 closing unchanged.
A total of 10,060,543 shares were traded for $24,020,110 compared to 17,230,599 units at $84,183,965 on Tuesday.
Trading averaged 223,568 shares at $533,780 compared with 382,902 units at $1,870,755 on Tuesday. January closed with an average of 239,755 units at $646,375.
ONE on ONE Educational led trading with 3.74 million shares for 37.2 percent of the total volume, Regency Petroleum followed with 998,836 units for 9.9 percent of the day’s trade and MFS Capital Partners with 909,926 units for 9 percent market share. The PE Ratio, a measure used in computing appropriate stock values, averages 13. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for the financial year endings that fall between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial declined $1.99 in closing at $24.01 after trading 654 shares, Blue Power fell 44 cents to end at $2.43 in an exchange of 50,000 units, CAC 2000 shed $1.37 to $7.10 with a transfer of 1,106 stock units. Cargo Handlers lost 10 cents in ending at $13.20 with 189,491 stocks changing hands, Caribbean Flavours dipped 13 cents to $1.62 in switching ownership of 5,313 stock units, Dolphin Cove dropped 34 cents to $15 in an exchange of 4,854 stocks. EduFocal gained 12 cents in ending at $2.31 after 34,935 shares cleared the market, Express Catering popped 25 cents to close at $5.25 in trading 32,900 units, Fontana fell 65 cents to end at $8.50 as investors switched ownership of 40,274 units. Fosrich dipped 7 cents in closing at $3.69 with the swapping of 865,091 stocks, 
Future Energy Source lost 9 cents in ending at $4.77 afte365,816 stock units were traded, GWest Corporation fell 16 cents to end at 97 cents with 10,000 shares crossing the market. Honey Bun dipped 20 cents to $7.24 as investors exchanged 73,077 stocks, iCreate lost 10 cents to close at $1.69 after a transfer of 103,865 units, Indies Pharma shed 48 cents in closing at $2.80 with 19,857 shares changing hands. Iron Rock Insurance fell 23 cents to finish at $2.17 trading 140 stock units, ISP Finance declined $1 ending at $25 after clearing the market with 126 stocks, Knutsford Express advanced $1.50 to $12.50 with investors transferring 7,526 stock units. MFS Capital Partners gained 18 cents to end at $3.04 with 909,926 shares changing hands, 
Spur Tree Spices lost 40 cents in closing at $2.95 with the swapping of 100,088 units and Stationery and Office Supplies fell 70 cents to $15.15 after transferring 2,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slippage for JSE USD Market
Trading plunged on the Jamaica Stock Exchange US dollar market on Wednesday from Tuesday’s levels with a 74 percent fall in the volume of stocks changing hands with the value declining 48 percent from Tuesday’s level with trading in seven securities compared to eight on Tuesday with the price of one rising, two declining and four ending unchanged.
Overall, 287,125 shares were traded for US$19,364 down from 1,121,685 units at US$37,070 on Tuesday.
Trading averaged 41,018 units at US$2,766 versus 140,211 shares at US$4,634 on Tuesday. January ended with an average of 48,604 units for US$4,865.
The JSE USD Equities Index lost 1.96 points to end at 223.47.
The PE Ratio, a measure used in computing appropriate stock values, averages 10. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share remained at 7 US cents as investors exchanged 19,429 shares, Margaritaville dipped 0.07 of a cent ending at 14.1 US cents with two stocks crossing the exchange, 
Proven Investments ended at 20 US cents after 11,350 units were traded. Sterling Investments popped 0.01 of a cent to close at 1.81 US cents with 63,007 stock units changing hands, Sygnus Credit Investments USD share ended at 9.51 US cents after exchanging 12,385 stock units and Transjamaican Highway lost 0.07 of a cent to 0.92 of one US cent while exchanging 169,103 units.
In the preference segment, JMMB Group 6% ended at US$1 after trading 11,849 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Winning stocks overwhelmed by main market losers
Trading nosedived to start off the new month on the Jamaica Stock Exchange Main Market on Wednesday with a 41 percent fall in the volume of stocks following a 25 percent slippage in value compared with Tuesday after 57 securities were traded versus 55 on Tuesday, with 16 rising, 30 declining and 11 ending unchanged.
A total of 9,458,006 shares were traded for $74,659,322 down from 16,071,684 units at $99,612,685 on Tuesday.
Trading averaged 165,930 units at $1,309,813 compared with 292,212 shares at $1,811,140 on Tuesday. January closed with an average of 205,236 units at $1,805,558.
Wigton Windfarm led trading with 3.36 million shares for 35.5 percent of trading, followed by Transjamaican Highway with 1.58 million units for 16.7 percent of the day’s trade and JMMB Group 7.35% – 2028 with 703,349 units for 7.4 percent market share.
The All Jamaican Composite Index dropped 3,399.97 points to close at 381,932.19, the JSE Main Index shed 2,544.43 points at 337,782.90 and the JSE Financial Index dipped 0.64 points to end at 80.47.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.6 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasts by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows 10 stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Caribbean Cement declined $1.46 to $58.52 in exchanging 305 shares, Eppley dropped $2.50 to end at $37.50 with a transfer of 500 units, Eppley Caribbean Property Fund dipped 50 cents to $48 trading 91 stock units. First Rock Real Estate popped $1.64 to close at $13.94 after crossing the market with 5,571 stocks, GraceKennedy declined $4.50 to end at a 52 weeks’ low of $74.50 with the swapping of 54,896 stocks, Guardian Holdings dropped $11 to end at $524 as investors exchanged 387 shares. Jamaica Broilers shed 42 cents after ending at $30.99 in switching ownership of 662,725 stock units, JMMB Group fell $2.94 in closing at $33 after 541,737 units passed through the market, 
Kingston Properties fell $1 to $6.55 after a transfer of 14,251 stocks. Margaritaville fell 95 cents to close at $22 with an exchange of 200 stock units, Mayberry Investments rose 80 cents to $8.77 in trading 29,833 shares, Mayberry Jamaican Equities advanced 93 cents to close at $12.93 with 1,840 units changing hands. MPC Caribbean Clean Energy climbed $8.31 to end at $92.31, with 42 stocks clearing the market, NCB Financial declined $1.25 in closing at a 52 weeks’ low of $77.50 in switching ownership of 52,385 stock units, Palace Amusement dropped $290 in ending at $2,190 trading 824 shares. Proven Investments dipped $1.77 to $30 after a transfer of 10,369 units, Sagicor Group declined $5.39 to end at $48.60 after trading 4,020 units, Seprod shed $3 to close at $66 with the swapping of 18,765 shares. Stanley Motta lost 44 cents in ending at $5.25 with investors transferring 10,687 stock units, 
Supreme Ventures dipped 88 cents to $26.10 with 42,297 stocks changing hands and Sygnus Real Estate Finance rallied 96 cents to close at $10.46 in trading one stock unit.
In the preference segment, Jamaica Public Service 7% rose 75 cents in closing at a record high of $5.21 with a transfer of 2,679 shares and 138 Student Living preference share climbed $5.55 to $75.50 in an exchange of 19 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
All JSE Markets fall on Wednesday
All markets of the Jamaica Stock Exchange dropped on Wednesday at the start of a new month as is now the monthly norm, following slippage in trading in the overall market.
Trading ended with an exchange of 19,398,419 shares down from 34,401,378 units on Tuesday, valued at $95.1 million down from $183.6 million on the previous day. Trading on the JSE USD market resulted in investors trading US$19,364 down from US$37,070 on Tuesday.
At the close, the Combined Market Index dropped 2,950.37 points to 351,788.74, the All Jamaican Composite Index dived 3,399.97 points to close at 381,932.19, the JSE Main Market Index shed 2,544.43 points to 337,782.90, the Junior Market dropped 62.44 points to 3,995.80 and the JSE US dollar market slipped 1.96 points to close at 223.47.
The market’s PE ratio ended at 22.9 based on 2021-22 earnings and 13.9 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 up on Trinidad Exchange
Trading picked up sharply on the Trinidad and Tobago Stock Exchange to start off the new months on Wednesday on a positive note, with the volume of stocks traded rising 61 percent with a 372 percent greater value than on Tuesday resulting in 16 securities trading compared with 18 on Tuesday, with four stocks rising, five declining and seven remaining unchanged.
Trading jumped with 603,880 shares changing hands for $13,154,529 compared with 376,062 stock units at $2,789,039 on Tuesday. An average of 37,743 units were traded at $822,158 versus 20,892 shares at $154,947 on Tuesday. January ended with an average of 28,440 shares at $235,404.
The Composite Index rose 1.92 points to close at 1,325.29, the All T&T Index rose 0.20 points to 1,982.01, the SME Index remained unchanged at 57.12 and the Cross-Listed Index climbed 0.53 points to settle at 87.15.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings shed 15 cents in closing at $23.75 after an exchange of 42 shares, Ansa McAl dropped $2.90 to close at $48 with 5,000 stock units changing hands, Calypso Macro Investment Fund ended at $20.25, with 30 units crossing the market. First Citizens Group rallied 39 cents to end at $50.49 after 177 stocks were traded, GraceKennedy popped 20 cents in ending at $4.70 with an exchange of 552 stock units, Guardian Holdings remained at $26 after exchanging 287,982 stocks.
JMMB Group dipped 5 cents in ending at $1.99 and closed with 28,206 units passing through the market, Massy Holdings remained at $4.49 in switching ownership of 175,954 shares, National Enterprises added 11 cents to close at $3.71, with 65,330 stock units crossing the exchange. NCB Financial ended at $4.20 with investors trading 1,059 shares, One Caribbean Media remained at $3.11 with the swapping of 4,737 stocks, Republic Financial increased 12 cents to $137.50 after trading 30,200 units. Scotiabank ended at $77.95 in an exchange of 1,108 shares, Trinidad & Tobago NGL declined 5 cents in closing at $21.25 in 2,334 stock units changing hands, Unilever Caribbean remained at $13.60 while exchanging 993 stocks and West Indian Tobacco fell 1 cent to end at $21.31 after a transfer of 176 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
