Stocks trading with prices unchanged dominated market activity on Tuesday, after 79 percent fewer shares traded worth 60 percent less in value than the stocks changing hands on Monday, resulting in more stocks falling than rising at the close of trading on the Trinidad and Tobago Stock Exchange.
Trinidad & Tobago Stock Exchange Head Quarters
A total of 18 securities traded on Tuesday, similar to trading on Monday, with two stocks rising, six declining and 10 closing unchanged. The Composite Index dipped 2.87 points to 1,427.57, the All T&T Index slipped 4.55 points to 1,933.16 and the Cross-Listed Index dipped 0.15 points to 124.25.
A total of 214,446 shares were traded for $3,734,861, down from 1,023,941 units at $9,232,576 on Monday. An average of 11,914 units traded at $207,492 compared to 56,886 at $512,921 on Monday. The average trade for the month to date amounts to 21,093 units at $253,895 versus 22,779 units at $262,418. The average trade for July amounts to 20,94 units at $221,079.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Angostura Holdings ended at $16.48, with 4,517 shares crossing the market, Calypso Macro Investment Fund dropped 34 cents in closing at $16.16 after an exchange of 170 stock units, Clico Investment Fund ended trading 52,801 stocks at $27.50, with changing hands. First Citizens Bank remained at $50.10 trading 724 units, 756 shares of FirstCaribbean International Bank were exchanged at $6.50, GraceKennedy closed at $6.35 with trading 54,136 stock units. 
Guardian Holdings dropped 75 cents to $32.50, with 8,635 shares crossing the market, Guardian Media fell 20 cents in ending at a 52 weeks’ low of $2.90 after trading 475 stocks, JMMB Group declined 3 cents to $2.05 in trading 2,875 units. Massy Holdings popped 15 cents to $81.15 while exchanging 1,621 stock units, National Enterprises remained at $3.90 after exchanging 22,351 shares, National Flour Mills remained at $2.05 in switching ownership of 5,285 stocks. Republic Financial Holdings shed 37 cents to close at $135.57 after 238 stocks crossed the exchange Scotiabank remained unchanged at $59 in an exchange of 7,117 units, Trinidad & Tobago NGL ended at $17.50 with 14,538 stock units clearing the market. Trinidad Cement declined 6 cents to $3.90 with the swapping of 9,250 shares, Unilever Caribbean gained 5 cents to end at $16.40 in trading 21,422 shares and West Indian Tobacco remained at $32 with an exchange of 7,535 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading closed on Monday with the volume of stocks trading dropping 28 percent, with 12 percent less the value than on Thursday prior to the close for the Independence holiday on Friday last and ended with a slight fall in the Junior Market the index, with rising stocks just edging out those declining.
Trading averaged 93,141 units at $303,538 from 146,791 at $393,767 on Thursday. Trading month to date, averages 204,544 units at $586,518, compared to 241,307 units at $679,902 on Thursday. July closed with an average of 163,918 units at $481,755.
Knutsford Express jumped $1 to $7.60 with an exchange of 13,100 stocks. Lasco Financial slipped 4 cents to $3.05 with an exchange of 119,698 units, Lasco Manufacturing rose 5 cents to $5.25 with 121,718 stock units traded, Lumber Depot dipped 3 cents to $2.95 while exchanging 493,583 shares. Main Event climbed 4 cents to $4.39 with the swapping of 21,255 stock units and SSL Venture advanced 12 cents to 83 cents with 2,100 shares crossing the exchange.
The All Jamaican Composite Index dropped 3,947.10 points to 457,185.51, the Main Index dived 3,831.32 points to 417,900.98 and the JSE Financial Index slipped 1.06 points to end at 102.45.
At the close, Berger Paints fell $1.04 to $12.70 after exchanging 200 shares, Eppley spiked 72 cents to $39 in an exchange of 1,254 units, First Rock Capital fell 32 cents to end at $14.05 in exchanging 292 stock units. GraceKennedy popped $6.25 to $104, with 228,414 shares crossing the market, Guardian Holdings shed $10 to $630 with the swapping of 10,588 stocks, Jamaica Producers declined $1 in closing at $22 trading 3,769 stock units. JMMB Group rallied 28 cents to close at $37.78, with 163,033 shares clearing the market, Kingston Wharves lost $1 to end at $48 while exchanging 2,388 units. Mayberry Jamaican Equities dropped 47 cents to $8.50 after trading 8,501 units, NCB Financial Group shed $6.29 to close at $131.21 after an exchange of 82,261 stock units. 138 Student Living rallied 65 cents to $5.10, with 64,807 shares changing hands, Palace Amusement dropped $28.24 to $1033.76, with an exchange of 8 stocks, Pulse Investments rose 21 cents in closing at $3.96 trading 214,612 stock units. Sagicor Group popped 55 cents to $58.50 in exchanging 7,219 shares, Salada Foods gained 20 cents ending at $8, with 5,912 stocks crossing the market. 
Scotia Group fell 20 cents to $39.30 in switching ownership of 202,916 stock units, Seprod dropped 98 cents to $69.02, with 1,945 units crossing the market, Stanley Motta spiked 69 cents to $5.99 after 4,878 stocks crossed the exchange and Sygnus Credit Investments rallied 72 cents to $15, with 73,359 shares changing hands.
Seven securities traded, up from six on Thursday, with the prices of four rising and two declining and ending with one remaining unchanged. The JSE USD Equity Index rose 3.55 points to end at 187.46. The PE Ratio, a tool used to computes the appropriate value of stocks, averages 11.8 based on earnings forecast for 2021-22.
First Rock Capital popped 0.079 of a cent to 7.99 US cents in exchanging 1,532 shares, Margaritaville slipped 0.10 of a cent to 8.90 US cents after trading 11,423 shares, MPC Caribbean rose 15 cents to US$1.20 in trading 180 stock units, Proven Investments rose one cent to close at 25 US cents, after an exchange of 31,712 units, Sygnus Credit Investments closed at 12 US cents with 37 stocks changing hands and Transjamaican Highway shed 0.02 of a cent to end at 0.78 US cents with 128,205 shares crossing the exchange.
At the close, 18 securities traded, down from 19 on Friday, with five rising, two declining and 11 ending unchanged. The Composite Index gained 2.95 points to end at 1,430.44, the All T&T Index dropped 7.32 points to 1,937.71, the Cross-Listed Index rose 1.95 to 124.40.
FirstCaribbean International Bank closed trading at $6.50 after exchanging 45,150 stock units, GraceKennedy rose 5 cents to $6.35 in switching ownership of 4,717 units, Guardian Holdings closed at $33.25 in trading 365 units, Massy Holdings closed at $81 while exchanging 3,734 stocks, NCB Financial Group rallied 25 cents to $8.25 after trading 429,646 shares. National Flour Mills remained at $2.05, with an exchange of 224,823 stocks. One Caribbean Media ended at $4.20 after gaining 5 cents with 120,052 units changing hands, Republic Financial Holdings fell $2.06 to $1335.94 after exchanging 1,260 shares. Scotiabank closed at $59, after trading at 9,817 shares, Trinidad & Tobago NGL slipped 22 cents to $17.50 while exchanging 11,656 stock units, Trinidad Cement rose 6 cents to $3.96, with 65 stocks changing hands, Unilever Caribbean settled at $16.35 with the swapping of 144,571 stock units and West Indian Tobacco remained at $32 with an exchange of 8,172 shares.
The top three stocks in the Junior Market, continue to be Elite Diagnostic, followed by Caribbean Assurance Brokers and Medical Disposables, with the potential to gain between 256 percent and 336 percent compared to 221 and 287 percent, last week. Medical Disposables continues the addition of new products to its portfolio that will add revenues and profit going forward. The acquisition of the 60 percent majority ownership in Cornwall Enterprises, will result in economies of scale and an expanded portfolio to market nationally to an expanded clientele.
The Top10 Main Market leader Radio Jamaica continues to enjoy buying interest that is whittling away the supply of stocks on offer in the market. A barrage of new results are due this coming week as the final reporting day for the period will be Saturday this coming week.
The JSE Main Market ended the week with an overall PE of 16.3, a little distance from the 19 the market ended at in March, suggesting a 17 percent rise at a PE of 19 and 23 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.5, with a 54 percent discount to the PE of that market, well off the potential of 20.
IC ranked stocks to filter out the big winners, allowing investors to focus on potentially big winners and help to keep out emotional attachments to stocks.
Massy Holdings closed at $81 while exchanging 6,266 stocks, National Enterprises settled at $3.90 after ownership of 4,020 shares was switched. National Flour Mills remained at $2.05, with an exchange of 2,413 stocks, One Caribbean Media ended at $4.15, with 2,625 units changing hands, Republic Financial Holdings ended at $138 after exchanging 10 shares. Scotiabank closed at $59, after trading at 1,107 shares, Trinidad & Tobago NGL popped 2 cents to $17.72 while exchanging 2,886 stock units, Trinidad Cement fell 6 cents to $3.90, with 1,100 stocks changing hands, Unilever Caribbean settled at $16.35 with the swapping of 1,225 stock units and West Indian Tobacco remained at $32 with an exchange of 3,665 shares.
Trading averaged 132,356 units at $1,500,551, compared to 137,862 shares at $2,230,311 on Wednesday. Trading month to date averages 138,207 units at $1,500,646, in contrast to 141,133units at $1,500,693 on Wednesday. July ended with an average of 322,932 units at $15,201,099.
NCB Financial shed $1 to $137.50 with an exchange of 34,163 units, Palace Amusement popped $22 to $1,062 after 7 stocks cleared the market, PanJam Investment dipped 95 cents to $63.05 with the swapping of 10,963 stock units. Proven Investments lost 34 cents to settle at $34.95 in switching ownership of 15,264 units, Pulse Investments dipped 26 cents to $3.75 in trading 261,984 stock units, Sagicor Group spiked 95 cents to end at $57.95 after exchanging 224,934 shares. Salada Foods lost 20 cents to close at $7.80 with 9,199 units clearing the market. Scotia Group declined $2.50 to $39.50 in trading 646,232 shares, Seprod fell $1 to $70 after an exchange of 3,401 stock units, Supreme Ventures shed 50 cents in closing at $20 with 76,037 stocks changing hands and Sygnus Credit Investments slipped 52 cents to $14.28 with 75,437 stock units crossing the market.
Just 29 securities traded on Thursday, down a bit from the 35 stocks trading on Wednesday, at the close only price movements were lopsided with just six stocks rising, while 17 declined and six closed without a change as trading on the Junior Market ended for the week shortened by two separate holidays, one at the start and the other at the end. 
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
Lasco Financial slipped 6 cents to $3.09 with investors swapping 48,336 units, Lasco Manufacturing lost 5 cents to close at $5.20 with an exchange of 71,700 stock units, Limners and Bards dropped 8 cents to $3.10, with 386,491 shares passing through the market. Main Event declined by 40 cents to $4.35 with 90,549 units traded, SSL Venture fell 16 cents to 71 cents, with a transfer of 30,000 stocks and Stationery and Office Supplies shed $1.50 to close at $5.75 with 14,400 shares crossing the exchange.
Proven Investments dominated trading in exchanging the largest block of shares, with just over one million units for 91 percent of the day’s volume, driving the volume traded to a 777 percent increase and the value jumping 942 percent over Wednesday’s level, at the close of the Jamaica Stock Exchange USD market on Thursday.
At the close, First Rock Capital slipped 0.06 of a cent to 7.2 US cents in exchange of 4,024 shares, Proven Investments dropped 0.98 of a cent to 24 US cents with investors swapping ownership of the market topping 1,049,188 shares, Sterling Investments lost 0.08 of a cent to end at 2.07 US cents with 1,633 stock units passing through the market. Sygnus Credit Investments shed 1.3 cents to close at 14 US cents with 200 stocks changing hands, Sygnus Credit Investments fell 1 cent to 12 US cents with 3,143 units traded and Transjamaican Highway gained 0.02 of a cent to end at 0.80 US cents with 100,000 shares crossing the exchange.
