The market indices of the main market of the Jamaica Stock Exchange lost value at the end of trading on Thursday with JSE All Jamaican Composite Index falling 2,235.38 points to 423,189.82 and the JSE Index declining 2,031.30 points to 385,557.28.
At the close of market, the main and US markets traded 31 securities, compared to 37 trading on Wednesday as 12 advanced, 12 declined and 7 traded without prices changing.
Main market activity ended with 4,358,596 units valued $135,130,896 trading, compared to 14,753,152 units valued $304,256,799 changing hands, on Wednesday.
Jamaica Producers led trading with just less than 1.22 million shares for 28 percent of the day’s volume, Supreme Ventures ended with 1.04 million units, for 24 percent of the total main market volume changing hands and PanJam Investment ended with 854,177 units, for 20 percent of the day’s volume.
Market activity ended with an average of 155,664 units valued at over $4,826,103, in contrast to 433,916 shares valued at $8,948,729 on Wednesday. The average volume and value for the month to date, amounts to 409,081 shares at $6,055,347 for each security traded, in contrast to 433,052 shares at $6,186,217 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 6 stocks ending with bids higher than their last selling prices and 6 closing with lower offers.
In main market activity, Barita Investments dropped $1.35 to closed at $47.20, trading 19,000 stock units, Caribbean Cement gained 92 cents to finish at $52, with 2,525 shares changing hands, Jamaica Broilers rose $1.50 in trading 10,527 units at $33. Jamaica Producers lost $1.25 to close at $22, with 1,219,097 shares changing hands, Jamaica Stock Exchange ended at $16, with a rise of $2 in trading 72,142 shares, NCB Financial Group rose 50 cents trading 28,550 shares to close at $145, 138 Student Living lost $1.40 to close at $4 in trading just 2,000 units. PanJam Investment lost 30 cents to end at $81.70, in trading 854,177 units, Sagicor Group gained 45 cents in trading 47,705 shares, to close at $38.55. Salada Foods lost 95 cents trading 1,808 units to close at $29.05, Seprod jumped $1.90 to close at $44.50, with 9,463 shares changing hands and Sygnus Credit Investments lost 40 cents to close at $13.30 trading 40,954 shares.
Trading in the US dollar market resulted in 140,420 units valued $31,726 changing hands. Margaritaville ended trading of 9,804 share at 24 US cents after gaining 3 cents, Proven Investments traded 125,800 units at 23 US cents after rising by 1 cent and Sygnus Credit Investments Jamaican dollar ordinary share traded 4,816 but lost 0.1 cent to close at 10 US cents. The JSE USD Equities Index rose 2.99 points to close at 178.76.
TTSE slips on Thursday
Market activity on the Trinidad & Tobago Stock Exchange ended on Thursday with 14 securities trading versus 13 on Wednesday.
The market close with the prices of 4 stocks advancing, 4 declining and 7 remaining unchanged. At close, the Composite Index lost 1.62 points to 1,332.25. The All T&T Index shed 1.87 points to 1,763.28, while the Cross Listed Index fell 0.19 points to close at 121.64.
Trading ended with 226,953 shares at a value of $2,900,230, compared to 391,682 shares at a value of $8,847,624 on Wednesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 7 stocks with bids higher than their last selling prices and 3 with lower offers.
At the close of the market, stocks ending trading with gains| Calypso Macro Index Fund, traded 2,300 shares and rose 38 cents to close at $14, Clico Investments finished 60 cents higher and ended at $20.80, with 41,954 stock units changing hands. First Citizens rose 5 cents and settled at a 52 weeks’ high of $35.55, after exchanging 1,296 shares and Trinidad & Tobago NGL added 1 cent and completed trading of 26,809 units at $30.
Stocks closing losses| Guardian Holdings concluded trading of 635 units with a loss of 50 cents to close at $18.50, JMMB Group fell 2 cents to end at $1.76, after exchanging 106,038 shares. NCB Financial Group declined 4 cents and settled at $8.35, after trading 1,100 shares and Unilever Caribbean closed with a loss of 45 cents at $26.05, after an exchange of just 8 shares.
Stocks closing firm| First Caribbean International Bank completed trading of 22,000 units at $8.35, Grace Kennedy ended at $3.25, with 195 stock units changing hands, National Flour completed trading with 4,907 units at $1.65, One Caribbean Media closed at $10, after exchanging 8,743 shares. Republic Financial Holdings settled at $120, after trading 445 shares, Sagicor Financial ended at $9, after exchanging 1,148 shares and Scotiabank ended at $63.59, with 9,375 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.
Limited showing of Green Book at Palace
Green Book the story of the unlikely friendship between a bigoted bouncer and a virtuoso black musician, was named the Best Picture of the year at the 91st Academy Awards recently.
The film also copped wins for: Best Original Screenplay, and Best Supporting Actor- Mahershala Ali, bringing its total to three wins. This is Ali’s second Oscar win. The movie returns to Palalce Amusement cinemas two days showing only as of Wednesday. Showtime at Palace Cinceplex at Soverign Centre is at 5:05 pm, Carib in Cross Roads at 5:40 pm and Palace Multiplex in Montego Baty at 5:50 pm.
Use PE ratio to make big bucks
Investors can improve return on their stock market investment by just following one critical measure, the PE ratios of stocks. Buy low PE ratio stocks and sell those that are too high relative historical norm that almost a sure recipe for making good money in the stock market.
An important factor worth noting is that the PE ratios based on 2018 earnings are well ahead of those for 2019 earnings. The average PE of stocks listed on the Jamaica Stock Exchange based on 2018 earnings is just under 19 times, reflecting valuation as high as 60 times 2018 earnings, with some with PEs in single digits.
The Junior Market boast average PEs around of 17, while the main market is at 19.5. The Junior Market typical PE hoovers around 16 while that of the main market is around 15, all based on 2018 earnings. The typical PE is where a large number of stocks are clustered.
While many investors see stocks as cheap, based on price, that is not the basis of investing in a stock. The focus on the PE is most critical. It is the tool used by most investors to determine if a stock is worth having or not. Many individual investors consider NCB Financial as expensive at
Investors can compare, the current PE based on 2019 estimated earnings of each stock against the typical ones based on 2018, to get a picture of which ones are likely to gain strongly this year. IC Insider.com daily stock market report charts carry projected earnings and current PE for each stock that investors can use as their tool for identifying stocks with above average potential gains.
3 stocks rise 1 fall on TTSE – Wednesday
Market activity on the Trinidad & Tobago Stock Exchange ended on Wednesday with 13 rising versus 11 on Tuesday.
The market close with the prices of 3 stocks advancing, 1 declining and 8 remaining unchanged. At close, the Composite Index lost 0.03 points to 1,333.87. The All T&T Index shed 0.47 points to end at 1,765.15, while the Cross Listed Index rose 0.06 points to close at 121.83.
Trading ended with 391,682 shares at a value of $8,847,624, compared to 89,613 shares valued $1,784,908 on Tuesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 5 stocks with bids higher than their last selling prices and 4 with lower offers.
At the close of the market, stocks ending trading with gains| Clico Investments rose 1 cent and settled at $20.20, with 279,253 stock units changing hands, JMMB Group added 3 cents and completed trading of 409 shares at $1.78 and Republic Financial Holdings climbed $5 to end at $120, after exchanging 1,888 shares.
Stocks closing losses| Trinidad & Tobago NGL was the sole stock declining with a fall of 16 cents to $29.99, with 39,323 units trading.
Stocks closing firm| Ansa Mcal closed at $55, with 408 units changing hands, Calypso Macro Index Fund closed at $13.62, after exchanging 40 shares, First Caribbean International Bank traded 3,477 units at $8.35. First Citizens ended at $35.50, after exchanging 4,925 shares, National Flour concluded trading with 43,995 units at $1.65, NCB Financial Group ended at $8.39, after exchanging 824 shares, Sagicor Financial completed trading of 1,000 shares at $9, Scotiabank settled at $63.59, with 2,022 stock units changing hands and West Indian Tobacco swapped 14,118 stock units to settle at $96.02.
Prices of securities trading for the day are those at which the last trade took place.
No losing stocks on TTSE – Tuesday
Market activity on the Trinidad & Tobago Stock Exchange ended on Tuesday with no stock declining but with 11 rising versus 13 on Monday.
The market close with the prices of 4 stocks advancing and 7 remaining unchanged. At close, the Composite Index rose 1.95 points to 1,333.90. The All T&T Index gained 2.23 points to 1,765.62, while the Cross Listed Index rose 0.23 points to close at 121.77.
Trading ended with 89,613 shares at a value of $1,784,908, compared to 153,692 shares on Monday valued at $2,280,690.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 6 stocks with bids higher than their last selling prices and 4 with lower offers.
At the close of the market, stocks ending trading with gains are| Clico Investments concluded trading 3 cents higher, at $20.19 with 41,580 stock units changing hands, First Citizens added 40 cents and settled at a 52 weeks’ high of $35.50, after exchanging 4,875 shares. Sagicor Financial increased 30 cents and ended at $9, in exchanging 12,878 shares and Trinidad & Tobago NGL rose 10 cents and completed trading of 3,855 units at $30.15.
Stocks closing firm| Calypso Macro Index Fund closed at $13.62, after exchanging 160 shares, JMMB Group closed at $1.75, in exchanging 3,542 shares, NCB Financial Group settled at $8.39, after trading 8,390 shares, One Caribbean Media closed at $10, after swapping 10,130 shares. Prestige Holdings completed trading of 489 units, at $7.55, Scotiabank ended at $63.59, with 30 stock units changing hands and West Indian Tobacco ended at $96.02, trading 3,684 stock units.
Prices of securities trading for the day are those at which the last trade took place.