Market activity ended on Monday, resulting in slightly fewer stocks rising than falling at the close of trading, with the market rising after the trading of 16 percent more shares, with a value 160 percent higher than on Friday, at the close of the Trinidad and Tobago Stock Exchange.
At the close, 20 securities traded compared to 18 on Friday, with five rising, six declining, leaving nine unchanged. The Composite Index rose 0.87 points to close at 1,431.83, the All T&T Index popped 1.30 points to 1,934.91 and the Cross-Listed Index rose 0.06 points to settle at 125.23.
A total of 180,164 shares traded for $4,129,217. up from 155,637 units at $1,587,945 on Friday. An average of 9,008 units traded at $206,461 compared to 8,647 at $88,219 on Friday, with trading month to date averaging 16,186 units at $226,311 versus 16,595 units at $227,442. The average trade for July amounts to 20,941 units at $221,079.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Ansa Mcal slipped 1 cent to $58.99, with 98 shares changing hands, Calypso Macro Investment Fund ended at $16.20 with the swapping of 3 stock units, Clico Investment Fund dropped 55 cents to $26.95 after exchanging 263 units. Endeavour Holdings remained at $7.01, with 200 stocks crossing the market, First Citizens Bank traded 225 stock units at $50.50, FirstCaribbean International Bank rose 10 cents to $6.65 in exchanging 14,500 stock units. 
GraceKennedy shed 8 cents to close at $6.21 after 87,090 shares changed hands, Guardian Holdings advanced 25 cents to $32.95 in trading 3,577 units, Guardian Media remained at $3.03 after 100 stock units crossed the market. JMMB Group popped 1 cent to $2.16 in switching ownership of 870 stocks, Massy Holdings fell 99 cents at $82, with 2,931 shares changing hands, National Enterprises traded 10,599 units at $3.60. National Flour Mills remained at $1.80, with 1,320 units clearing the market, NCB Financial Group slipped 2 cents to $8.23 with an exchange of 532 stocks, One Caribbean Media shed 58 cents to end at $4.26 after an exchange of 100 stock units. Republic Financial Holdings popped 1 cent to $135.46, trading 381 shares, Scotiabank climbed 89 cents to $59.49 after trading 50,073 stocks, Trinidad & Tobago NGL remained at $17.72 after exchanging 1,011 stock units. Trinidad Cement ended at $3.90 while trading 5,666 units and West Indian Tobacco remained at $31.50, with 625 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The charting of the Junior and Main Market indices shows early signs of the markets bouncing from the mild summer correction. We may be seeing early signs of a longer term rebound, with the Main and Junior Markets closing at the highest levels this week since July 23.
The top three stocks in the Junior Market are Elite Diagnostic, followed by General Accident and Lasco Financial. All three have the potential to gain between 217percent and 283 percent, compared to 227 and 268 percent last week. Stationery and Office Supplies closed the previous week at $5.75 to sit at number 2 in the Junior Market list enjoyed a bounce in price to $6.50 and moved down to the 8th spot this week.
The JSE Main Market ended the week with an overall PE of 15.6, a little distance from the 19 the market ended at in March, suggesting a 12 percent rise at a PE of 19 and 28 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.7, with a 50 percent discount to that market’s average PE, well off the potential of 20.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings per share are ongoing, based on receipt of new information.
Trading averaged 194,795 units at $588,866, down from 396,336 at $1,501,471 on Thursday and month to date averaging 466,600 units at $1,253,533, compared to 483,100 units at $1,293,883 on Thursday. July averaged 163,918 units at $481,755.
Lumber Depot fell 8 cents to $2.92 with 615,961 stock units traded, Paramount Trading slipped 7 cents to $1.10 with 153,369 units changing hands, SSL Venture declined 6 cents to 74 cents with investors switching ownership of 14,038 stock units. Stationery and Office Supplies shed 95 cents to settle at $6.50 with a transfer of 192,573 stocks and tTech rallied 39 cents to $4.79 with 7,304 shares crossing the exchange.
The Main Market All Jamaican Composite Index surged 4,560.86 points to 457,710.62, the highest daily close since July 23, while the JSE Main Index jumped 3,833.76 points to 415,715.09 and the JSE Financial Index inched 1.17 points to 101.13 as rising stocks beating declining ones nearly 2 to 1 on Friday, with the volume and value of shares trading, rising moderately over Thursday levels, at the close of the Jamaica Stock Exchange. 
Transjamaican Highway controlled 12.5 percent, with 1.96 million units and GraceKennedy with 7.4 percent after 1.16 million units changing hands.
Mayberry Investments shed 25 cents to $5.75 with a transfer of 5,620 units, NCB Financial Group fell 90 cents to $131.10, with the swapping of 31,524 stock units, Palace Amusement rallied $15 to $1,140 in switching ownership of 71 shares. PanJam Investment rose $1 to $63 in trading 1,550 units, Sagicor Group popped 49 cents to $56.99 with 62,270 shares clearing the market, Seprod spiked $5.98 to $67.99 after exchanging 6,959 stocks and Victoria Mutual Investments climbed 23 cents to $5.53 with 45,965 stock units crossing the market.
At the close, 18 securities traded, down from 20 on Thursday, with six stocks rising, five declining and seven remaining unchanged. The Composite Index rallied 5.49 points to settle at 1,430.96, the All T&T Index spiked 6.41 points to 1,933.61 and the Cross-Listed Index added 0.63 points to settle at 125.17.
Guardian Holdings shed 25 cents to $32.70 with the swapping of 2,090 units, JMMB Group dipped 1 cent to $2.15, trading 1,970 shares, Massy Holdings jumped $1.84 to $82.99 in exchanging 9 shares. National Enterprises remained at $3.60, 35 stock units crossing the market, National Flour Mills ended at $1.80, with 101,875 units clearing the market, NCB Financial Group rallied 26 cents to $8.25 after exchanging 25 stocks. Point Lisas closed at $3.20 after 20 stocks crossed the market, Republic Financial Holdings fell 3 cents to $135.45 in trading 2,390 stock units, Scotiabank traded 3,850 shares at $58.60. Trinidad & Tobago NGL dipped 1 cent to $17.72 with an exchange of 7,536 units, Trinidad Cement closed at $3.90 after exchanging 270 shares and West Indian Tobacco traded 3,208 stock units at $31.50.
The All Jamaican Composite Index fell 171.26 points to 453,149.76, the JSE Main Index declined 1,070.69 points to 411,881.33 and the JSE Financial Index shed 1.04 points to end at 99.96.
At the close, Barita Investments gained 21 cents at $93.21 with 17,793 shares crossing the market, Berger Paints dipped 38 cents to $13.12 in trading 1,974 stock units, Caribbean Cement spiked 50 cents to end at a 52 weeks’ closing high of $106.50 with the swapping of 65,044 shares, but traded at an intraday high of $115, as demand is picking for the stock at the same time that supply is dwindling. Caribbean Producers lost 20 cents to close at $4.75 in exchanging 19,800 units, Eppley lost 20 cents to end at $40.90 in switching ownership of 1,600 shares, Eppley Caribbean Property Fund advanced $1.50 to $38 with 86 stock units changing hands, First Rock Capital rallied 50 cents to close at $12 in exchanging 38,363 units. GraceKennedy shed 60 cents to end at $101.50 after 669,124 stock units cleared the market, Guardian Holdings declined $7 to $584 in trading 9,914 shares, Jamaica Broilers shed $1.64 to $33.15 with the transfer of 56,942 stocks. Jamaica Producers advanced $2 to $24.20 with 42,911 units crossing the exchange, JMMB Group rose 20 cents to $38.20 in an exchange of 152,841 shares, Mayberry Jamaican Equities popped 65 cents to $9.25 with the swapping of 22,599 stock units. NCB Financial Group rose $2 in closing at $132 after hitting an intraday 52 weeks’ low of $121.03 and switching ownership of just 19,875 shares, Palace Amusement surged $175 to $1,125 after exchanging just 2 units, PanJam Investment shed 55 cents to close at $62 in transferring 3,203 shares.
Proven Investments rallied 97 cents to $34 in trading 19,555 stock units, Radio Jamaica traded as high as $4.7t, but selling came into the market and it lost 25 cents at the close to end at $4.40 after 2,190,629 shares cleared the market. Scotia Group spiked 38 cents to $39.50, with 34,731 stocks crossing the market. Seprod fell 99 cents to $62.01 with an exchange of 15,490 stock units and Sygnus Credit Investments popped 70 cents in closing at $15 in trading 18,260 units.
Market activity led to 38 securities trading, similar to Wednesday and ended with 19 rising, 12 declining and seven unchanged. Dolphin Cove and Future Energy Source closed at 52 weeks’ high, with the latter seemingly overpriced at a PE ratio of 23. See the chart below with price quotations and the PE ratio of each stock.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and five with lower offers.
Lasco Manufacturing rallied 31 cents to $5.18 with 12,162 stock units changing hands, Mailpac Group rose 7 cents to $3.67 with 398,043 shares passing through the market, Main Event climbed 45 cents to $4.75 with a transfer of 750 stocks. Paramount Trading gained 22 cents to close at $1.17 with investors switching ownership of 1,000 stock units, SSL Venture rose 6 cents to 80 cents with 17,544 units traded and Stationery and Office Supplies jumped $1.05 to $7.45 with 76,200 shares crossing the exchange.
Trading ended with seven securities changing hands, compared to six on Wednesday, with prices of two stocks rising, two declining and three remaining unchanged.
At the close, First Rock Capital remained at 7.5 US cents, with 1,053 shares crossing the exchange, Productive Business Solutions traded 10 stock units at 77 US cents, Proven Investments dropped 0.84 of a cent in ending at 23.05 US cents after exchanging 6,746 stock units. Sterling Investments fell 0.4 of a cent to 1.74 US cents, with 500 units clearing the market, Sygnus Credit Investments J$ share climbed 0.7 of a cent to 12.6 US cents, with 105 units being swapped, Sygnus Credit Investments US$ stock remained at 13 US cents, with 400 stock units changing hands and Transjamaican Highway advanced 0.02 of a cent to close at 0.88 US cents with an exchange of 50 stocks.
GraceKennedy remained at $6.30 in switching ownership of 1,670 shares, Guardian Holdings rose 5 cents to $32.95 with an exchange of 2,188 units, JMMB Group remained at $2.16, with 8,880 stock units crossing the market. Massy Holdings shed $1.60 to end at $81.15, with 1,074 shares changing hands, National Enterprises remained at $3.60 in an exchange of 3 stocks, National Flour Mills popped 1 cent in closing at $1.80, with 50,000 units clearing the market. NCB Financial Group remained at $7.99 while exchanging 25,000 stocks, One Caribbean Media remained unchanged at $4.84, with 27,630 units crossing the market, Point Lisas advanced 5 cents to $3.20 after exchanging 1,000 shares. Scotiabank fell 30 cents to $58.60 in trading 12,000 stock units, Trinidad & Tobago NGL lost 3 cents in closing at $17.73, with 5,549 stocks clearing the market, Trinidad Cement exchanged 109 units at $3.90. Unilever Caribbean climbed 14 cents to $16.40 with an exchange of 7,900 stock units and West Indian Tobacco remained at $31.50, trading 200 shares.
The Junior Market Index dipped 8.24 points to 3,325.28, as 38 securities traded, up from 32 on Tuesday and ended with eight rising, 14 declining and 16 closing unchanged.
At the close, AMG Packaging slipped 6 cents to $1.60 with an exchange of 20,004 shares, Cargo Handlers dropped 11 cents to $8.59 with 3,000 stocks changing hands, Elite Diagnostic fell 8 cents to $3 with 198,866 units traded. Fosrich declined by 13 cents to $8.02 with a transfer of 205,045 stock units, Future Energy Source climbed 41 cents to a record close of $2.85 with investors switching ownership of 5,122,295 shares, with valuation now seemingly, stretched. Honey Bun jumped 49 cents to a 52 weeks close of $9.49 with an exchange of 198,502 stocks. Indies Pharma dropped 27 cents to $3.40, with 146,035 units changing hands, Jamaican Teas lost 9 cents to finish at $3.55 with 722,149 stock units traded, KLE Group advanced 10 cents to $1.20 with a transfer of 4,400 shares. 
Knutsford Express rallied 10 cents to $8.10 with 3,784 units passing through the market, Lasco Manufacturing dropped 29 cents to $4.87 with an exchange of 65,318 stocks, Mailpac Group rose 5 cents to $3.60 with 625,731 stock units changing hands. Main Event shed 60 cents to close at $4.30 with 26,087 shares traded, Medical Disposables advanced 39 cents to $5.09 with a transfer of 97,406 units, SSL Venture lost 6 cents to end at 74 cents with investors switching ownership of 20,350 stocks and Stationery and Office Supplies dropped 38 cents to settle at $6.40 with 1,202 shares crossing the exchange.
