Trading activity on the Jamaica Stock Exchange Main Market ended on Monday, with the volume of stocks traded marginally higher than Friday, but with a 29 percent lower value and ended with trading in 56 securities compared with 54 on Friday, with 24 rising, 22 declining and ten ending unchanged.
A total of 10,267,719 shares were exchanged at $85,148,440 versus 10,233,836 units at $120,089,926 on Friday.
Trading averaged 183,352 shares at $1,520,508 compared to 189,515 units at $2,223,888 on Friday and month to date, an average of 283,368 units at $2,135,482, compared with 288,414 shares at $2,166,508 on the previous day. June closed with an average of 366,795 units at $6,952,581, including trading in bonds.
Transjamaican Highway led trading with 2.11 million shares for 20.5 percent of total volume, Wigton Windfarm followed with 1.75 million units for 17.1 percent of the day’s trade, JMMB Group 7.35% due 2028 with 1.67 million units for 16.3 percent market share and Sagicor Select Financial Fund with 1.50 million units for 14.6 percent of total volume.
The All Jamaican Composite Index popped 5,102.37 points to close at 365,189.04, the JSE Main Index rose 1,135.31 points to end at 326,405.39 and the JSE Financial Index climbed 0.62 points to 72.20.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.1 for the Main Market. The JSE Main and USD Market PE ratios are calculated based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments declined 56 cents in closing at $73.99 after an exchange of 31,852 shares, Berger Paints rose 34 cents to $7.94, with 1,100 stock units crossing the market, First Rock Real Estate fell $1.04 to $9 in trading 68 units, GraceKennedy lost 50 cents to close at $77.50 in switching ownership of 46,418 stocks, Guardian Holdings shed $42 to end at $396 with shareholders swapping 249 stock units, Jamaica Producers advanced $1.09 to $20.19 with an exchange of 1,950 units, Jamaica Stock Exchang rallied $1.15 in closing at $11.45 after an exchange of 85,356 shares, JMMB Group popped $1.60 to end at $28.80, with 59,905 stocks crossing the exchange, 
Kingston Properties rose 33 cents to close at $7.80 as 158,341 stocks passed through the market, Massy Holdings dipped $3.49 to $97.51 with investors transferring 5,021 units, Mayberry Investments gained 63 cents to end at $8.69 in an exchange of 1,338 shares, NCB Financial climbed 54 cents in closing at $73.99 with 84,828 stock units crossing the market, Proven Investments dropped $1.84 to close at $21.41 after a transfer of 41,611 shares, Sagicor Group advanced $3 to $47 with stakeholders exchanging 756,240 stock units, Scotia Group popped 48 cents to $34.50 after exchanging 36,861 units, Seprod gained $3 to close at $74, with 63,006 stocks clearing the market, Stanley Motta rose 38 cents to end at $4.89 after an exchange of 34,276 shares and Sygnus Credit Investments shed 91 cents to end at $11.21 as investors exchanged 131,154 stock units.
In the preference segment, Productive Business 10.50% preference share dropped $100 to $1,150 in trading 5 stocks, Jamaica Public Service 7% lost $9.18 and ended at $52.02 while exchanging 2,119 units, JMMB Group 7% preference share dipped 34 cents to close at $1.94, with 20,756 units changing hands and 138 Student Living preference share dropped $2 to $98 with a transfer of 50 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Archives for July 2023
Trading rises on JSE USD Market
Trading picked up on the Jamaica Stock Exchange US dollar market ended on Monday, with a 142 percent jump in the volume of stocks changing hands, with a 211 percent higher value than on Friday, resulting in five securities traded, similar to that on Friday and ended with prices of two rising, two declining and one ending unchanged.
Overall, 955,823 shares were traded for US$22,262 compared with 394,211 units at US$7,160 on Friday.
Trading averaged 191,165 shares at US$4,452 versus 78,842 units at US$1,432 on Friday, with a month to date average of 95,306 shares at US$2,965 compared to 91,138 units at US$2,901 on the previous day. June ended with an average of 60,969 units for US$3,967.
The US Denominated Equities Index popped 0.98 points to 245.00.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
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, First Rock Real Estate USD share remained at 4 US cents in an exchange of 105,125 shares, Margaritaville rose 0.3 of a cent to 9.02 US cents with a transfer of 325 stock units, Proven Investments lost 2 cents in closing at a 52 weeks’ low of 12.5 US cents while trading 25,407 units, Sygnus Real Estate Finance USD share shed 0.4 of a cent to 10 US cents, with 28 stocks changing hands and Transjamaican Highway rose 0.03 of a cent to 1.83 US cents with 824,938 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading climbs for Junior Market
The Junior Market of the Jamaica Stock Exchange closed out July on a positive note on Monday, driven by a 110 percent surge in the volume of stocks traded following a 72 percent jump in value over Friday, with trading in 45 securities compared with 42 on Friday and ended with prices of 24 rising, 12 declining and nine closing unchanged.
Investors traded 24,315,536 shares for $54,444,749 up from 11,568,133 units at $31,577,030 on Friday.
Trading averaged 540,345 shares at $1,209,883, compared with 275,432 shares at $751,834 on Friday, with the month to date averaging 326,541 units at $843,878 compared to 315,596 stock units at $825,141 on the previous trading day. June closed with an average of 319,230 units at $854,456.
Spur Tree Spices led trading with 7.30 million shares for 30 percent of total volume, followed by ONE on ONE Educational with 4.36 million units for 17.9 percent of the day’s trade, JFP Ltd chipped in with 4.06 million units for 16.7 percent market share, Lumber Depot closed with 2.63 million units for 10.8 percent market share and Dolla Financial ended with 2.02 million units for 8.3 percent of total volume.
At the close, the Junior Market Index climbed 30.73 points to settle at 3,940.00.
The PE Ratio, a measure of computing appropriate stock values, averages 10.9. The PE ratios of Junior Market stocks are calculated using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial popped $2.50 to $25.30, with investors exchanging 89,609 shares, Blue Power increased 38 cents to end at $2.90 as investors traded 122 units, Cargo Handlers rallied 30 cents to $17 with a transfer of 1,000 stock units, Caribbean Assurance Brokers dipped 9 cents to end at $2.90 after 24,617 stocks passed through the market. Caribbean Cream climbed 29 cents to close at $4.44 with shareholders swapping 2,737 stock units, Consolidated Bakeries declined 15 cents to $2.60 in an exchange of 10,055 units, Dolla Financial dropped 38 cents in closing at $2.50 after exchanging 2,016,744 stocks, EduFocal lost 17 cents to end at $1.63 in switching ownership of 63,909 shares. Everything Fresh 
rose 18 cents to close at $1.55 after investors traded 50,500 shares, Future Energy Source gained 9 cents and ended at $3.99 in trading 251,515 units, Honey Bun fell 80 cents to end at a 52 weeks’ closing low of $5.70, with 32,983 stocks clearing the market, Image Plus Consultants shed 12 cents in closing at $2.22 with 70,821 stock units crossing the exchange. Jamaican Teas advanced 15 cents and ended at $2.35 with an exchange of 179,913 stock units, JFP Ltd climbed 21 cents to $1.95 with 4,059,134 units changing hands, Knutsford Express advanced 94 cents to close at $11.90, with 46,155 stocks crossing the market, Lasco Distributors rose 12 cents to $4.11 while exchanging 55,572 shares. Lasco Financial shed 9 cents to close at $2.30 in an exchange of 5,999 stocks, Lumber Depot rallied 21 cents to end at $2.30 with investors transferring 2,629,305 shares, Medical Disposables increased 10 cents in closing at $4.10, after 1,423 units passed through the exchange, 
ONE on ONE Educational popped 8 cents in ending at $1.13 after a transfer of 4,359,129 stock units, Stationery and Office Supplies popped 36 cents in closing at $3.15 after an exchange of 526,540 stock units, following the nine of one stock split taking effect on the exchange for the first time and Tropical Battery declined 19 cents to $1.92 and closed with 171,673 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks closed out July with gains on JSE Markets
All three markets recorded gains at the close of trading on the Jamaica Stock Exchange to close out July on a positive note on Monday, with an increase in the volume of stocks traded but with a lower value than Friday.
At the end of trading, the JSE Combined Market Index climbed 1,304.64 points to close at 340,624.91, the All Jamaican Composite Index rose 5,102.37 points to end at 365,189.04, the JSE Main Index rallied 1,135.31 points to 326,405.39, while the Junior Market Index added 30.73 points to 3,940.00 and the JSE USD Market Index added 0.94 points to end at 244.99.
Trading of Preference shares with notable price changes are Productive Business 10.50% preference share with a fall of $100 in closing at $1150, Jamaica Public Service 7% losing $9.18 and ending at $52.02 and 138 Student Living preference share dropping $2 to $9.
At the close, investors exchanged 35,539,078 shares in all three markets, up sharply from 22,196,180 stocks on Friday. The value of stocks trading in the Junior and Main Markets ended at $139.59 million, down from $151.67 million on Friday. Trading on the JSE USD market ended with investors exchanging 953,823 shares for US$22,262, up from 394,211 units at US$7,160 on Friday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 18.6 on 2022-23 earnings and 12.6.
times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to successfully navigate numerous 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 decisions when 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 place them 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 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 paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to the highest bid and the lowest offer for each company.
Falling stocks dominate trading on TTSE
Trading ended on the Trinidad and Tobago Stock Exchange on Monday, with a 20 percent decline in the volume of stocks traded with a 23 percent lower value than on Friday, resulting in 20 securities trading up frTom 18 on Friday, and closed with prices of four stocks rising, ten declining and six remaining unchanged.
Investors exchanged 102,180 shares for $1,347,229 versus 127,604 stock units at $1,742,276 on Friday.
An average of 5,109 shares were traded at $67,361 compared with 7,089 units at $96,793 on Friday. Trading month to date averaged 36,525 shares at $302,493 down from 38,157 units at $314,708 on the previous trading day. The average trade for June amounts to 23,515 shares at $224,325.
The Composite Index dipped 2.24 points to 1,247.87, the All T&T Index shed 2.42 points to close at 1,893.73, the SME Index remained unchanged at 70.47 and the Cross-Listed Index lost 0.29 points to end at 77.91.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and three with lower offers.
At the close, Angostura Holdings remained at $22.50, with 852 shares clearing the market, Ansa McAl added $1 and ended at $55 with shareholders swapping 225 stocks, 
Calypso Macro Investment Fund popped 10 cents to close at $21.80 with a transfer of 1,769 stock units, Endeavour Holdings ended at $13 in trading 190 units. First Citizens Group slipped 1 cent to $49 after an exchange of 3,898 units, FirstCaribbean International Bank dipped 1 cent to $7.04 in switching ownership of 20 shares, Guardian Holdings rose 34 cents to close at $19 after 5,471 units passed through the market, JMMB Group dipped 4 cents to end at $1.35 in an exchange of 18,300 stocks. L.J. Williams B share ended at $2.70, with 100 stocks changing hands, Massy Holdings shed 10 cents in closing at $4.85 after an exchange of 664 shares, National Enterprises advanced 11 cents to $4.11 as investors exchanged 10,606 stock units, National Flour Mills remained at $1.63, with 10,088 units crossing the market. NCB Financial ended at $3.45, with investors trading 637 stock units, 
One Caribbean Media fell 3 cents to close at $3.71 after a transfer of 819 units, Prestige Holdings declined 35 cents to $7.60 with an exchange of 99 stocks, Republic Financial shed 25 cents to end at $127.50 after investors ended exchanging 1,267 shares. Scotiabank declined 30 cents to $75.19, with 797 units crossing the market, Trinidad & Tobago NGL remained at $17.90 with an exchange of 22,398 stock units, Unilever Caribbean dipped 9 cents to $12.10 with investors transferring 334 stocks and West Indian Tobacco lost 1 cent to close at $11.24, with stakeholders exchanging 23,646 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Solid gains for ICTOP10 stocks
Junior Market stocks put in an outstanding performance ranging from 13 to 38 percent, with declines being far lower, with the top losers suffering a ten percent fall after five stocks slipped on the ICOP10 and three stocks recorded strong gains. The Main Market TOP10 was far less robust, with gainers hitting 13 percent at the top and losers 6 percent and less.
Margaritaville Turks could land big gains.
With the healthy price movements, three new additions to the TOP10 lists are added this week. Margaritaville is now topping the Main Market Top 10, with potential gains of 820 percent as the company made a major leap forward in fortunes, following the rebound in tourism traffic in the region and Caribbean Producers fell out of the TOP10 with a 4 percent price rise for the week. Image Plus Consultants and Iron Rock Insurance return to the Junior Market ICTOP10 as Dolla Financial and Elite Diagnostics enjoyed considerable price recoveries and dropped out.
For the week, five Junior Market TOP10 stocks rose and five declined, while the Main Market ended with four rising and only two falling.
In the Junior Market, Dolla Financial was the star performer as it recovered from a 9 percent drop last to $2.08 to post a stunning 38 percent jump to $2.88, following news that Supreme Ventures acquired 15 percent of the company, but before a report that the CEO Kadeen Mairs resigned. Elite Diagnostics jumped 29 percent to $2 after falling the previous week to $1.55 and Dolphin Cove rose 13 percent to $16.88, also rising are iCreate and OneonOne, with gains of 5 percent to $1.05, respectively. Falling stocks include Everything Fresh, down 10 percent to $1.37, Caribbean Cream, followed by shedding 8 percent to $4.15, General Accident, fell 6 percent to $4.70 and Caribbean Assurance Brokers, lost 4 percent to end at $2.99.
In the Main Market, Caribbean Cement climbed 13 percent to $57.60, but that was before the company released six months’ results, with profit ending at $2.87 following a blowout second quarter with earnings of $2.53 per share and now seems on target for $8 for the year. Sygnus Credit Investments rose nine percent to $12.12, but JMMB Group fell six percent to $27.20 and Guardian Holdings slipped 4 percent to $438.
Elsewhere in the market, Lasco Distributors and Lasco Manufacturing released first quarter results, with a rise in profits for both. Pretax profit at Lasco Distributors jumped a robust 57 percent to $602 million and post-tax climbed a solid 38 percent to $448 million and resulted in ICInsider.com upgrading earnings for the full year to 65 cents from 55 cents previously. Lasco Manufacturing’s performance was more subdued, with pretax profit rising 28 percent and aftertax 27 percent to $721 million and $526 million, respectively and are in line with ICInsider.com’s full year’s forecast of 70 cents per share. Both companies are just outside the ICTOP10 but are ICBUYRATED with good upside potential.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.3, well below the market average of 13.1. The Main Market TOP10 is projected to have an average of 326 percent, to May 2024, based on 2023 forecasted earnings.
The 14 most highly valued Main Market stocks representing 30 percent of the Main Market are priced at a PE of 15 to 95, with an average of 30 and 21 excluding the highest PE ratios, with a PE of 23 for the top half and 18 excluding the stocks with the highest PEs.
The Junior Market Top 10 PE sits at 5.8 compared with the market at 11. There are 11 stocks representing 23 percent of the market, with PEs from 15 to 39, averaging 20, well above the market’s average. The top half of the market has an average PE of 16, possibly the lowest fair value for Junior Market stocks currently, and projected to rise by 248 percent to May 2024.
The divergence between the average PE ratio of the Main and Junior Markets and the overall market valuation are important indicators of the level of likely gains for ICTOP10 stocks.
Investors continue to nibble away at a number of stocks and gradually reducing the supply of several of them that are attractively priced as the market moves through the summer months, the start of the stock market year when new results will be coming to the market for investors to assess and determine what to do.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but not always. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2024 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
JSE Main Market drops thousands of points
The Main Market of the Jamaica Stock Exchange suffered big losses in the market indices on Friday, following trading in 54securities compared with 57 on Thursday, with prices of 15 rising, 17 falling and 22 ending unchanged following a 37 percent decline in the volume of stocks traded with the value dropping 13 percent below trading on Thursday.
Trading ended with 10,233,836 shares being exchanged for $120,089,926 compared with 16,120,424 units at $137,525,796 on Thursday.
Trading averaged 189,515 shares at $2,223,888 versus 282,814 units at $2,412,733 on Thursday. Trading for the month to date averages 288,414 units at $2,166,508, compared with 293,471 units at $2,163,573 on the previous day. Trading in June closed with an average of 366,795 units at $6,952,581, that includes trading in bonds.
Wigton Windfarm led trading with 3.19 million shares for 31.2 percent of total volume, followed by Kingston Wharves with 2.81 million units for 27.5 percent of the day’s trade and Transjamaican Highway with 1.45 million units for 14.2 percent of the day’s trade.
The All Jamaican Composite Index shed 5,604.07 points to end at 360,086.67, the JSE Main Index declined 3,607.52 points to 325,270.08, and the JSE Financial Index lost 0.56 points to finish at 71.58.
The PE Ratio, a formula used to compute appropriate stock values, averages 13 for the Main Market. The JSE Main and USD Market PE ratios are calculated based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Producers added 78 cents in closing at $11.18 with investors swapping 28,762 shares, First Rock Real Estate climbed 54 cents to end at $10.04 with 3,205 stock units crossing the market, JMMB Group fell 80 cents to $27.20, with 167,745 units changing hands, Kingston Properties rallied 70 cents to close at $7.47 after 19,770 stocks were traded. Kingston Wharves declined $2.45 and ended at $27.55 with a transfer of 2,809,594 units, Margaritaville shed 90 cents to close at $13.90 with 2,802 stock units clearing the market, Mayberry Investments dipped 74 cents to end at $8.06 with stakeholders exchanging 7,661 shares,
NCB Financial dropped $1.54 to $73.45 in an exchange of 168,783 stocks. Palace Amusement gained 30 cents in closing at $2.35 in trading 28,924 stock units, Pulse Investments lost 50 cents and ended at $2.15 in switching ownership of 366,046 stocks, Supreme Ventures dipped $1.27 in closing at $27.83 after 42,691 shares passed through the market and Sygnus Real Estate Finance lost $1.90 in ending at $10.10 while exchanging 10,825 units.
In the preference segment, Jamaica Public Service 7% jumped $9 to end at $61.20 with an exchange of 20 units, Jamaica Public Service 9.5% popped $200 to $3,100 and closed after an exchange of 13 stocks, JMMB Group 7.25% preference share shed 44 cents to close at $2.49 after investors exchanged 599 stock units, 
138 Student Living preference share rose $22 to $100 as investors traded one share and Transjamaican Highway 8% declined 40 cents in closing at $2 with a transfer of 78,265 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slippage in JSE USD Market
Trading slipped on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks changing hands declining 64 percent valued 83 percent less than Thursday, resulting in the trading of five securities, compared to six on Thursday with one rising, three declining and one ending unchanged.
A total of 394,211 shares were traded at US$7,160 compared to 1,106,224 units at US$42,488 on Thursday.
Trading averaged 78,842 shares at US$1,432 compared to 184,371 units at US$7,081 on Thursday, with a month to date average of 91,138 shares at US$2,901 compared to 91,697 units at US$2,968 on the previous day. June ended with an average of 60,969 units for US$3,967.
The US Denominated Equities Index dipped 1.26 points to end at 244.02.
The PE Ratio, a measure used in computing appropriate stock values, averages 9. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
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, Margaritaville fell 0.28 of one cent to 8.72 US cents as investors exchanged 2,802 shares, Proven Investments fell 0.4 of a cent to 14.5 US cents with investors trading 2,344 units. Sygnus Credit Investments dipped 0.01 of a cent to 10.92 US cents, with 564 stocks changing hands, Sygnus Real Estate Finance USD share ended at 10.4 US cents after 4 stock units passed through the market and Transjamaican Highway added 0.01 of a cent in closing at 1.8 US cents, with stakeholders exchanging 388,497 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market advancers outnumber decliners
Rising stocks dominated trading on the Junior Market of the Jamaica Stock Exchange Friday, with trading in 42 securities compared with 43 on Thursday and ending with prices of 19 rising, 11 falling and 12 closing unchanged following a 64 percent fall in the volume of stocks traded with the value 71 percent lower than on Thursday.
Investors traded 11,568,133 shares for $31,577,030 versus 32,557,136 units at $108,447,140 on Thursday.
Trading averaged 275,432 shares at $751,834 compared with 757,143 units at $2,522,027 on Thursday, with the month to date averaging 315,596 stocks at $825,141 compared with 317,611 stock units at $828,820 on the previous day. June closed with an average of 319,230 units at $854,456.
Spur Tree Spices led trading with 7.28 million shares for 62.9 percent of total volume, followed by Dolla Financial with 2.27 million units for 19.6 percent of the day’s trade and iCreate with 316,785 units for 2.7 percent market share.
At the close, the Junior Market Index shed 26.28 points to land at 3,909.27.
The PE Ratio, a measure of computing appropriate stock values, averages 11. The PE ratios of Junior Market stocks are calculated using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and one with a lower offer. Stationery and Office Supplies is one stock closing with a higher bid than the last selling price ahead of the 9 to one stock split being effected at the start of trading on Monday and is a stock to watch for a likely sharp rally.
At the close, Access Financial lost $1.60 and ended at $22.80 in an exchange of 200 shares, AMG Packaging popped 16 cents to end at $2.66 after 74 stock units changed hands, CAC 2000 advanced 10 cents in closing at $5.10 with an exchange of 67,700 stocks, Derrimon Trading rallied 5 cents to close at $2 with investors transferring 4,826 units. Dolphin Cove rose 28 cents to $16.88 as investors exchanged 828 stocks, Future Energy Source gained 10 cents to $3.90, with 163,120 units changing hands,
General Accident declined 24 cents to end at $4.70 after 11,063 stock units passed the market, Honey Bun added 11 cents to close at $6.50 in trading 8,136 shares. Indies Pharma increased 11 cents and ended at $3.19 while exchanging 1,440 units, ISP Finance popped $3.99 in closing at $24.99 after an exchange of 3,750 stocks, Knutsford Express fell 72 cents to end at $10.96 with a transfer of 16,900 stock units, Lasco Manufacturing rallied 5 cents and ended at $4.75 in switching ownership of 28,399 shares. Regency Petroleum dropped 7 cents to close at $2.68, with 36,229 units crossing the exchange, Spur Tree Spices rose 30 cents in closing at $2.40 with shareholders swapping 7,280,447 stock units, Stationery and Office Supplies shed $1.69 to $25.15, with 174,402 shares crossing the market ahead of the 9 for one stock split that will result in the stocks trading ex-split on Monday coming, 
that should result in a sharp jump in the stock price and Tropical Battery advanced 9 cents to $2.11, with stakeholders exchanging 136,599 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Low keyed trading on Trinidad Exchange
Trading remained low-keyed on the Trinidad and Tobago Stock Exchange on Friday, with the volume of stocks traded declining 14 percent with a 27 percent greater value than Thursday, resulting in 18 securities trading compared with 20 on Thursday, with four stocks rising, six declining and eight remaining unchanged.
Investors exchanged 127,604 shares for $1,742,276 compared to 148,353 stock units at $1,369,176 on Thursday.
An average of 7,089 shares were traded at $96,793 compared to 7,418 shares at $68,459 on Thursday, with trading month to date averaging 38,157 shares at $314,708 compared to 39,680 units at $325,396 on the previous day. The average trade for June amounted to 23,515 shares at $224,325.
The Composite Index dipped 2.00 points to 1,250.11, the All T&T Index shed 3.88 points to close at 1,896.15, the SME Index slipped 0.12 points to finish at 70.47 and the Cross-Listed Index remained at 78.20.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Agostini’s ended with trading of 489 shares at $68.50, Angostura Holdings declined 50 cents to $22.50, with 1,256 units changing hands, Ansa McAl remained at $54 in an exchange of 180 stocks, Calypso Macro Investment Fund ended at $21.70, with 622 stock units crossing the market. CinemaOne dipped 10 cents to close at $7.40 with investors transferring 150 stock units, First Citizens Group ended at $49.01 in trading 600 stocks, GraceKennedy remained at $3.40 as investors exchanged 251 units, Guardian Holdings rallied 1 cent to end at $18.66 in an exchange of 1,258 shares, Massy Holdings ended at $4.95 as 38,158 units passed through the market. National Enterprises ended at $4 after an exchange of 48,831 stock units, National Flour Mills ended at $1.63, with 852 shares crossing the exchange, One Caribbean Media dipped 8 cents to close at $3.74 with a transfer of 14 stocks. 
Prestige Holdings climbed 44 cents to $7.95 and closed with an exchange of 128 stock units, Republic Financial shed 8 cents to end at $127.75 while exchanging 5,678 units, Scotiabank advanced 19 cents and ended at $75.49 with a transfer of 1,803 shares. Trinidad & Tobago NGL lost 10 cents at $17.90, with 7,000 stocks crossing the market, Unilever Caribbean popped 4 cents to end at $12.19 in switching ownership of 506 units and West Indian Tobacco fell 12 cents to close at $11.25 with 19,828 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
