TTSE: Light trading day

Monday, 25th November, 2013 | Trading on the Trinidad Stock Exchange resulted in 8 securities changing hands, no stocks recorded gains during the day, 4 declined and 4 traded firm as a total of 240,905 shares traded for a value of $1,708,018.

The Composite Index declined by 2.98 points to close at 1,181.36. The All T&T Index declined by 5.89 points to close at 1,970.46. The Cross Listed Index declined by 0.02 points to close at 51.41.

Trading was in Angostura Holdings 1,129 shares as the price closed at $13, down 14 cents; Guardian Holdings 2,334 units to close at $14.70, down 13 cents; Jamaica Money Market Brokers with 125,000 shares changing hands with a value of $63,750 closed firm at 51 cents; Jamaica’s National Commercial Bank had a volume of 30,000 shares for $34,500 as the price closed unchanged at $1.15; National Enterprises contributed 13,687 shares with a value of $240,932 as the price declined by 37 cents to close at $17.60, while Sagicor Financial Corporation added 12,000 shares valued at $86,400 as the price closed at $7.20 down 2 cents.

TTSENov25Clico Investment Fund exchanged 56,460 shares valued at $1,213,890 as the price remained unchanged at $21.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator is pointing to a fluid situation between advancing and declining stocks with bids for 4 stocks higher and 3 stocks with offers lower than their last selling price.

GSE: Stocks up for week

The Ghana Stock Market is up 77.71 percent so far this year to the week ending November 22, a marginal increase over the 77.36 percent gained registered up to the week before with the market index moving up to 2,132.01 points at the end of the week from the prior week’s 2,127.79 points. The financial index that closed at 1,778.22 points at the end of November 15, is now up to 1,782.43 for a 71.41 percent gain for the year to date.

During the week, 8 stocks rose versus 4 that recorded declines a much improved position compared to the prior week when there were 6 declining stocks to 2 that advanced.

ghana-flag150x150Cocoa Processing Company gained 50 percent to end the week at Gina Harrison¢0.02; Ecobank Transnational gained 6 percent to close at Gina Harrison¢0.18; HFC Bank Ltd, the bank that Trinidad’s Republic Bank has 40 percent ownership in, which gained 6.4 percent during the week ending November 15 gained a further 8 percent to close at Gina Harrison¢0.90. The week before it gained 13 percent and is now up 100 percent for the year to date. Mechanical Lloyd Company that sells and services BMW cars and motor cycles, Ford vehicles, Massey Ferguson agricultural machinery and Delphi products gained 5 percent to be up 153 percent year to date. Ayrton Drugs Manufacturing Company recorded a 6 percent gain.

Aluworksm an aluminium continuous casting and cold rolling company, lost 20 percent of its value during the week to close at GH¢0.05 and Benso Oil Palm Plantation lost 19 percent to close at GH¢3.20.

New additions to Buy Rated stocks

Monday, 25th November 2013 | There are two additions to the Buy Rated and Market Watch list for the coming week. Added to the Buy Rated stock list is Jamaican Teas due to a 30 percent gain in profits for the year ended in September flowing from a 46 percent jump in export sales, sales of apartments in its first real estate development and expectation of further growth in 2014.

Carreras is added to the Market Watch list based on IC Insider’s assessment for earnings around $5 per share for the current fiscal year and dividend yield above 10 percent. Trading in the mid $30’s, this stock has a very good chance to head back into the mid $40 range.

BUyRatedGRowthNov25Performance tracking | During the past week, a few of the Jamaican stocks made some recovery with JMMB breaking even in Jamaica but has retreated in Trinidad. Access Financial is up 15 percent so far but Lasco Financial and Manufacturing are still off by good margins. The selections in the main market remain mostly under water, but the ideal time to buy may be slipping away as prices seem to be at their bottom. More importantly, there are indicators that a year-end market rally will happen again in December.

While Jamaica has disappointed, the same can’t be said about Trinidad. There are only two losers so far; Guardian Holdings and Scotia Investments. During the past week Neal & Massy, that had declined below the price at the time of selection, has bounced back from its low to be just slightly ahead at the close on Friday.

What seems clear, is that the focus ought to be on longer term performance rather than just short term gains. The Trinidad market performance of slow price movements illustrates this very well. There are also signs in the Jamaican market suggesting the same, the major difference being the Jamaican market is more aggressive with price movements.

Related posts | Exports push Jamaican Teas’ profit | Carreras down but not out |  Jamaican Teas raises over $100m

BUYRatedWatch_Nov25

 

TTSE PE: Values hardly dented

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Friday, 22nd November 2013 | The PE ratio chart for Trinidad Stocks showed little change from last week.

Added to the chart is ReadyMix (WI) Ltd. a subsidiary of Trinidad cement. Based on the results to September, the company appears over valued  but the company’s results have been turned from a loss in 2012 to a profit this year.

BUyRatedGRowthNov25We have updated earnings for a number of companies based on their September results. The chart shows that there are still very good stock values in the Trinidad market with potential for good levels of appreciation.

Our chart of the Top 8 Stocks with potential gains is a good place to start when looking to buy.

Related posts | New additions to Buy Rated stocks

YYSE_PENov22Top8Stocks

FX: J$ appreciate across majors

Friday, 22nd November 2013 | The US dollar backed off from crossing the $106 mark as the Jamaica dollar appreciated against all of the currencies in Friday’s trading except for a rise in the buying rate for the US dollar. There was increased liquidity in the Foreign Exchange market which helped push rates down. The majority of rates at the high and low ends retreated as well.

The purchasing of foreign currencies climbed to the equivalent of $43,675,555 or US$9 million more than the amount sold of US$34,529,512 on the final day of the week.

Trading took place in US dollars when dealers bought US$40,458,636 for an increased rates which was up 36 cents to $105.38 and they sold US$32,453,090 with the rated declining 14 cents to $105.83. C$977,622 was purchased with the rate falling 93 cents to $98.53 at the close and C$925,392 was sold as the rate declined by 23 cents $101.11, the British Pound was bought at $168.50 down $1.58, as dealers picked up £891,428 and sold £615,687 at $171.37, down by 77 cents.

FX_TRADE+Currency+Nov22Highs & Lows | The US dollar highest buy rate fell by 60 cents to $106.60, while the lowest was unchanged at $85.59. The highest selling rate increased by 27 cents to $109.94 and the lowest gained 10 cents to $102.60.

Rates for the Canadian dollar fell across the board with the high being down 70 cents to $101.30 and the low down 12 cents to $80.22; the high for selling fell 90 cents to $103.65 and the low was off 15 cents to $96.65.

FX_TRADE+HighLow+Nov22The British Pound suffered declines across the board against the Jamaican dollar with the high for buying losing 99 cents to end at $171.56, the low was off 8 cents to $136.37 while the high for selling was $174.20, down $1.71 and the low shed 45 cents to end at $164.30.

JSE: Sagicor X Fund up 10% on IPO price

Friday, 22nd November 2013 | The Jamaica Stock Market recorded more gains on Friday and recorded two new highs and one new low with Sagicor Real Estate X Fund increasing 10 percent since last week’s listing to close at $5.50. Paramount Trading was the other to hit a new high.

A total of 26 securities traded on Friday amounting to 5,463,219 units valued at $10,046,554 as the prices of 11 stocks increased and 8 declined still positive but a little less so than on Thursday.

The JSE market index gained 297.10 to end at 77,384.08; the all Jamaica index closed at 76,339.89 for a gain of 516.50 and the junior market index closed up to 725.48 with a gain of 6.70 thus continuing the gains from Thursday.

Main Market trades | Cable & Wireless traded 1,808,024 shares to close at firm at 15 cents; Caribbean Cement 27,800 units as it gained 10 cents to close at $2.30; Carreras exchanged 9,518 units as the price moved up 30 cents to close at $36; First Caribbean International Bank delivered 16,553 units to new investors at $90.01, up a cent but the offer closed at $90; Jamaica Broilers Group 671,556 units traded to close at $4.20, down 4 cents; Jamaica Money Market Brokers traded 21,910 units to close down 10 cents at $8; Radio Jamaica 65,392 units at $1.30, down 4 cents; Sagicor Life exchanged 25,850 units at $7.80; Sagicor Real Estate X Fund added 10,989 units while closing at a new high of $5.50, up 30 cents; Scotia Group traded 107,442 shares to close at $17.06 down 44 cents; Seprod surprisingly, gained 50 cents while trading 3,374 units at $12.50.

Jamaica Money Market Brokers 8.75% exchanged 74,677 units at $2.90.

JSEIndicesNov22Junior Market | Start up C2W Music that has earned little income since listing in 2012 hit a new all-time low in trading on the stock market on Friday, as 2 million units changed hands, at 74 cents with the price falling by 19 cents. Caribbean Producers traded 92,000 units to close up 15 cents at $2.10; Consolidated Bakeries traded 215,000 shares to close at $1.35 for a loss of 4 cents; General Accident Insurance exchanged 63,915 units to close at $1.60; Lasco Distributors traded 18,300 units as the price moved up 5 cents to close at $1.50; Lasco Financial Services exchanged 20,200 shares to close at $1.03 up 3 cents; Lasco Manufacturing had 201,700 units changing hands at $1.25, down 15 cents; Paramount traded 900 units at a new high of $3.65, up 5 cents.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator is pointing to a fluid situation between advancing and declining stocks early into next week as there were bids for 6 stocks higher and 6 stocks with offers lower than their last selling price.

TTSE: Moderate trading ends week

Friday, 22nd November 2013 |  Trading on the Trinidad Stock Exchange was once again light with 703,189 shares valued at $2,000,769 changing hands on the last trading day of the week. At the close there was trading in 14 securities of which 4 advanced, 4 declined and 6 traded firm.

Angostura Holdings contributed 23,000 shares with a value of $302,150 as the price declined by 10 cents to end at $13.14; FirstCaribbean International Bank traded 9,000 units and closed firm at $6.75; First Citizens Bank added 12,175 shares valued at $438,313 and closed frim at $36; Guardian Holdings traded 8,680 units and suffered a loss of 11 cents to close at $14.83; Jamaica Money Market Brokers exchanged 512,460 shares for a value of $261,355 while losing 4 cents to close at 51 cents, as the stock reacted to weakness in the price in Jamaica over the past three weeks; Sagicor Financial Corporation 11,500 units at $7.22 up 2 cents; Trinidad Cement had a volume of 100,000 shares being traded for $225,000 and closed at $2.25, up 4 cents.

TTSENov22Clico Investment Fund traded 22,130 shares valued at $475,795 and closed firm at $21.50. Praetorian Property Mutual Fund declined by $0.05 to end at $3.55 as 1,000 shares traded.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 4 stocks higher and 4 stocks with offers lower than their last selling price.

 

FX: J$ almost $106 to 1 US$

Thursday, 21st November 2015 | The amount of US dollar sold was greater than the amount bought on the ForEx Market as the selling rate ended at just under $106 to a US dollar. In the end, there was purchasing by dealers of US$19,095,725 as the rate gained 19 cents to end at $105.02 and there was selling for US$23,240,273 at  $105.97 for an increase of 17 cents. There was buying of C$1,350,848 as the rate fell by $1.31 to $99.47 and the amount sold was C$849,482 at an average rate of $101.35 off by 50 cents. The British Pound had £2,863,202 being bought as the rate went down 98 cents to $170.08 and the amount sold was £1,856,414 with the rate gaining 68 cents to end at $172.14.

Overall there was buying of the equivalent of US$25,153,210 and selling of US$27,383,407 for all currencies traded.

FX_TRADE+Currency+Nov21Highs & Lows | The US dollar moved up 15 cents to $107.20 for the highest buying rate and the low was unchanged at $85.59, while the highest and lowest selling rates remained unchanged at $109.67 and $102.50 respectively.

The highest buying rate of the Canadian dollar ended at $102.00 or 15 cents down while the low fell 17 cents to $80.34; the high for selling was at $104.55 up by 55 cents and the low was down 20 cents to $96.80.

FX_TRADE+HighLow+Nov21The British Pound was bought as high as $172.55 for a 5 cent reduction and as low as $136.45, an increase of 58 cents; the highest rate sold at was $175.91 up by $2.13 and the low was at $164.75 an increase of $1.05.

JSE: 15 stocks up only 3 down

Thursday, 21st November 2015 | At the end of trading on the Jamaica Stock Exchange on Wednesday there were bids for 10 stocks that were higher than their last selling price and only 2 stocks with offers lower than their last selling price, an indication that prices are most likely to reverse the decline seen for a number of days. This is one of the strongest positive indicators for some time.

In today’s trading, the market did just that with 15 stocks recording price gains to only 3 that fell but the measure of overall market performance the index just moved up marginally. At the end of trading things seemed to have cooled a bit as seen by the narrowing of the bid offer numbers in our Market Sentiment Indicator. The JSE Market Index closing at 77,086.98 up 85.92; JSE All Jamaican Composite closed at 75,823.39 up 149.37 and JSE Junior Market Index closed at 718.78 up 13.55. Trading was for 1,517,875 units valued at $12.4 million.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 6 stocks higher and 3 stocks with offers lower than their last selling price, another strong indicator of a possible turnaround in the offing.

Main Market stocks | In main market trading, Berger Paints traded 30,000 and was down 20 cents to $1.80; Caribbean Cement stock price gained 20 cents to close at $2.20 with 33,823 changing hands; Carreras gained 63 cents to $35.70 as 26,772 units traded; Gleaner had 400,000 units changing hands unchanged at $1.11; Grace Kennedy traded 97,241 units to close at $56, down 51 cents; Hardware & Lumber exchanged 20,600 as the price fell 36 cents to $4.20; Jamaica Broilers Group saw 14,500 of its shares changing hands to close at $4.24, up by 5 cents; Jamaica Money Market Brokers traded 236,931 units to close at  $8.10 $7.86 up by 24 cents; National Commercial Bank had another day of low trading with only 7,655 units as the price closed at $17.80, up 30 cents; Scotia Group exchanged 34,520 units to close at $17.50, up 50 cents and Scotia Investments had 11,000 shares trading at $27.99 for a gain of $1.98.

JSEIndicesNov21Proven Investments traded 101,250 to close firm at 12 US cents.

Junior Market | Trading picked up in the junior market with 9 companies involved in trading with Access Financial Services trading 23,000 shares to close up $1.22 at $9.50, a 52 weeks high; Caribbean Producers exchanged 163,909 units at $1.94 regaining the cent it lost in Wednesday’s trading; Caribbean Flavours & Fragrances had just 11,936 units trading firm at $2.60 and Lasco Manufacturing traded 275,998 units and closed up 15 cents to $1.40.

TTSE: Very low trades

Thursday, 21 November 2013 | Trading activity on the Trinidad Stock Exchange fell off with the number of company stocks traded being down and the level of trade per stock being small except in a few cases. Overall market activity resulted in trading of 9 securities of which 3 advanced, 2 declined and 4 traded firm. Trading took place only in the main market with 354,204 shares being exchanged, valued at $3,196,217.

FirstCaribbean International Bank traded 14,470 shares with a value of $97,673 as the price remained unchanged at $7.25; First Citizens Bank with a volume of 62,733 shares being traded for $2,258,999 closed firm at $36; while Jamaica Money Market Brokers had 270,000 shares changing hands for a value of $148,700 with the price closing at 55 cents off by 3 cents; Neal & Massy swapped 980 shares with the price increasing 10 cents to end the day at $59.11; Republic Bank added 5,220 shares valued at $600,613, the price was at $115.06 up 2 cents at the end of the day.

TTSENov21IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 3 stocks higher and 5 stocks with offers lower than their last selling price.