Daily Trading — Page 442

Prices jump on TTSE on Wednesday

July 15, 2020 by IC Insider.com

Trading on the Trinidad and Tobago Stock Exchange ended with a major turnaround in gains and losses on Wednesday with 15 securities changing hands leading to the prices of eight stocks rising, one declining leaving six unchanged, compared to 13 stocks trading on Tuesday, with just two rising and 7 falling.
Trading closed with 55,143 shares valued at $958,614 passing through the market compared to 201,907 shares for $1,854,729 on Tuesday from 13 securities.
The T&T Composite Index advanced by 6.33 points to 1,318.17, The All T&T Index climbed 10.58 points to 1,780.22, while the Cross Listed Index gained 0.27 points to close at 115.67.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than its last selling price and four with lower offers.
Gainers│ Clico Investments added 20 cents, rising to $24.95 with an exchange of 5,523 stock units, First Citizens Bank climbed $2.78 to $48.50, in transferring 7,340 stock units, Guarding Holdings closed with a gain of 1 cent trading 104 units to finish at $19.61. JMMB Group picked up 5 cents to settle at $1.95, with 7,000 stock units crossing the market, One Caribbean Media rose 25 cents $5.50, after exchanging 10,000 shares, Scotiabank gained 8 cents to end at $54.75, with 30 units changing hands. Trinidad and Tobago NGL rose 3 cents to close at $16.56 after the transferring of 1,829 units and West Indian Tobacco gained 19 cents trading 50 units, in ending the day’s trade at $34.60.
Losers│ Point Lisas shed 25 cents trading 1,348 units and closed at a 52 weeks’ low of $3.
Firm Trades│ Ansa McAL closed at $50 with trades of 1,000 units, Grace Kennedy shareholders transferred 1,400 units at $3.40, Massy Holdings was unchanged at $58, after trading 2,952 stock units, National Enterprises closed with an exchange of 1,600 units at $4.75. NCB Financial ended at $7.87, with 14,872 shares crossing the market and Republic Financial Holdings traded 95 units at $139.47.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Mcal, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, National Enterprises, NCB Financial Group, One Caribbean Media, Point Lisas, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE

Easy going for JSE US$ market

July 14, 2020 by IC Insider.com

Trading on the Jamaica Stock Exchange US dollar market continued to be low-keyed with only four securities trading similar to Monday, to end with four securities changing hands with the price of one rising, one declining and two remaining unchanged.
At the close of the JSE US dollar market, the index increased 0.18 points to close at 186.03 and the average PE Ratio of the Market ending at 12.9 based on IC Insider.com’s forecast of 2020-21 earnings.
Investors exchanged 245,055 shares for $31,042 compared to 139,745 units at $10,734 on Monday. The average trade for the day ended at 61,264 units at $7,761 in contrast to an average of 34,936 at $2,684 on Monday. An average of 85,108 units at $5,401 traded for the month to date, in contrast to 87,379 units at $5,176. The average for June was 281,680 shares at US$46,787.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, JMMB Group 5.75% preference share shed 2 cents to settle at US$2.30 with 15 units crossing the exchange, Proven Investments traded 83,640 shares at 23 US cents. Sygnus Credit Investments advanced by 1 cent to close at 16 US cents with an exchange of 71,400 shares and Transjamaica Highway traded 90,000 shares at 0.94 US cents.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: Daily Trading, Emerging markets, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, JSE US dollar market, Proven Investments, Sygnus Credit Investments, Trading Activity, Trans Jamaican Highway

Winners are scarce on TTSE

July 14, 2020 by IC Insider.com

Falling stocks had the better of advancing ones on the Trinidad and Tobago Stock Exchange on Tuesday, leading to declines in the market indices as the number of securities trading fell from Monday’s levels.
The market closed with thirteen securities trading, down from 15 securities on Monday and ended with the prices of two advancing, seven declining and four ending unchanged. Investors exchanged 201,907 shares at $1,854,729, compared to 130,903 shares for $2,811,418 on Monday.
The T&T Composite Index declined by 6.47 points to 1,311.84, the All T&T Index dropped 10.37 points to 1,769.64, while the Cross Listed Index lost 0.34 points to close at 115.40.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of four stocks higher than its last selling price and two with lower offers.
Gainers│ Clico Investments rose 17 cents trading 8,656 stock units to end at $24.75 and Guardian Holdings finished at $19.60, with gains of 10 cents while transferring 15 units.
Losers│ First Citizens Bank dropped $2.78 to $45.72, after exchanging 2,401 units, JMMB Group lost 5 cents, in the transferring of 31,313 shares, NCB Financial was down 1 cent, trading 100,020 shares and closed at $7.87. Republic Financial Holdings lost 1 cent to end at $139.47, with an exchange of 3,005 stock units, Scotiabank closed 8 cents lower at $54.67, with investors transferring 107 units. Trinidad and Tobago NGL declined to $16.53, with a loss of $1.46 in trading 8,803 stock units and West Indian Tobacco shed 24 cents to settle at $34.41, after exchanging 73 units.
Firm Traders│ Agostini’s traded 20 units at $24.50, Massy Holdings exchanged 8 units at $58, National Flour closed at $1.80, with a transfer of 27,337 shares and Point Lisas finished at $3.25, after an exchange of 20,149 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Stock Market, TTSE Market Tagged With: Agostini's, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Citizens, Guardian Holdings, JMMB Group, Massy Holdings, NCB Financial Group, Point Lisas, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, West Indian Tobacco

JSE Main Market cedes 78% of Monday’s gains

July 14, 2020 by IC Insider.com

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Trading jumped sharply on the Jamaica Stock Exchange Main Market on Tuesday, but the market failed to hold on to all the gains on Monday and gave back 78 percent of it as declining stocks had the better hand over those rising.
At the close, the All Jamaican Composite Index declined 3,476.55 points to close at 403,619.02, the Main Index dived 3,207.50 points to 368,317.40 and the JSE Financial Index lost 1.36 to end at 94.87.
Trading ended with 43 securities changing hands with the prices of 14 stocks rising, 22 declining and the prices of seven closing unchanged. The average PE Ratio of the Main Market ended at 15.5 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 32,897,914 shares for $306,628,403 compared to 10,952,085 units at $38,235,878 on Monday. Wigton Windfarm led trading with 21.9 million shares for 67 percent of total volume after the company reported a 30 percent jump in 2020 fiscal year profits. Grace Kennedy followed with 2.73 million units for 8.3 percent of the day’s trade and Sagicor Select Financial Fund with 2 million units for 6 percent market share. Other stocks trading more than a million shares are Carreras with 1.37 million units and Sterling Investments with 1.2 million stock units.
The average trade for the day ended at 765,068 units at $7,154,149 in contrast to an average of 262,942 at $911,881 on Monday. An average of 422,580 units traded for the month to date for $2,855,323 for each security that traded, in contrast to 383,412 units at $2,363,701. The average trade for the previous month ended at 856,725 units at $7,148,772.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows nine stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Caribbean Cement gave up $2.50 in closing at $47 after exchanging 21,426 stock units, Eppley Caribbean Property Fund gained 50 cents to settle at $46.50 in trading 28,053 shares. First Rock Capital lost 42 cents in ending at $13.48 with 16,076 stock units changing hands, Jamaica Broilers Group shed 50 cents to end at $27 with an exchange of 9,852 shares, Jamaica Producers Group dropped by $1.24 after closing at $22.51 in trading 14,633 stock units. Jamaica Stock Exchange carved out a loss of 45 cents and ended at $21.50 while exchanging 252,070 shares, Kingston Wharves lost $1 to settle at $50, with an exchange of 2,310 units, Mayberry Jamaican Equities incurred a loss of 39 cents, to close at $9 in trading 101,406 stock units. MPC Caribbean Clean Energy carved out a loss $12, in closing at $160 with an exchange of 1,000 stock units, NCB Financial Group jumped $4.99 to settle at $139.99 with investors swapping 613,214 stock units, 138 Student Living lost 90 cents to settle at $6 trading 1,226 units. Palace Amusement fell $40 in closing at $1,750 with an exchange of a mere five units, PanJam Investment lost $4.90 to close at $68.10 with an exchange of 2,913 stock units, Proven Investments fell 99 cents in ending at $32.01 after trading 4,518 shares. Sagicor Group shed $1.49 to $46 with an exchange of 263,100 stock units, after trading at a 52 weeks’ intraday low of $34. Salada Foods gained $3 to close at $28 with 190 stock units changing hands and Seprod jumped $2.80 to end at $53 trading 45,530 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Investors push Junior Market down

July 14, 2020 by IC Insider.com

The Junior Market lost more grounds in trading on Tuesday as the level of trading saw a 51 percent rise in the volume of stocks trading over that of Monday valued 38 percent more.
At the close, the Junior Market Index declined 33.03 points to close at 2,522.97. Trading ended with 35 securities changing hands with the prices of 9 stocks rising, 14 declining and prices of 12 closing unchanged. The average PE Ratio of the Junior Market ended at 10 based on IC Insider.com’s forecasted 2020-21 earnings.
The market closed with an exchange of 5,783,237 shares accounting for $15,071,904 compared to 3,822,981 units at $10,886,036 on Monday. Trading was led by Mailpac Group, with 2.20 million shares for 38 percent of total volume followed by Limners and Bards with 1.14 million units for 20 percent of the day’s trade and Lumber Depot with 786,349 units for 13.6 percent market share.
An average trade of 165,235 units at $430,626 for each security traded, took place on Tuesday, in contrast to an average of 123,322 at $351,162 on Monday. An average of 398,323 units traded for $1,014,301 for the month to date, in contrast to 427,049 units at $1,086,232. The average for June ended at 245,049 units at $689,955.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Junior Market shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial rose 49 cents ending at $25.49 in trading 100 stock units, Blue Power shed 1 cent to close at $3.79 in exchanging 4,804 units, CAC 2000 jumped $1.20 to end at $9.20 with investors swapping 817 shares. Caribbean Producers declined 4 cents to $2.41 with an exchange of 34,396 shares, Fontana fell 4 cents to close at $5.16 in trading 48,029 shares. General Accident carved out a gain of just 1 cent to end at $7.01 with 200,895 units changing hands, GWest Corporation added 4 cents to end at 89 cents trading 4,066 stock units, Honey Bun dropped 69 cents to close at $4.80 after exchanging 259,576 shares. Indies Pharma lost 5 cents in closing at $2.70 with investors swapping 67,456 units, Jamaican Teas advanced by 1 cent to close at $5 in trading 153,741 units, Jetcon Corporation lost 5 cents to settle at 96 cents, with an exchange of 15,900 stock units. Knutsford Express climbed 38 cents to settle at $7 with investors switching ownership of 28,275 units, Lasco Distributors fell 18 cents to $2.81 trading 74,800 shares, Lasco Financial lost l2 cents to end at $2.49 after exchanging 43,312 shares. Lasco Manufacturing gained 4 cents to end at $3.60, with 23,350 units changing hands, Limners and Bards increased 4 cents to $2.49 in trading 1,138,812 stock units, Mailpac Group fell 4 cents to $2 with an exchange of 2,204,157 stock units. Medical Disposables shed 6 cents to end at $6.35 with 48,577 stock units crossing the exchange, Paramount Trading gained 1 cent to end at $1.81 with investors trading 580 stock units, SSL Venture dropped 4 cents to settle at 85 cents with 49,835 units changing hands. Stationery and Office Supplies declined by 20 cents to close at $5.60 in trading 16,097 units and tTech declined by 5 cents to settle at $5.75 in trading 59,153 stock units.
Derrimon Trading preference share dropped by 10 cents to close at $1.80 in trading 44,192 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

JSE Main Market starts week up

July 13, 2020 by IC Insider.com

The Jamaica Stock Exchange bounced on Monday with a two to one advance ratio, as the value of stock trading fell sharply to just $38 million with a marginally lower volume than on Friday.
At the close, the All Jamaican Composite Index jumped 4,442.47 points to 407,095.57. The Main Index climbed 4,127.75 points to 371,524.90, and the JSE Financial Index added 0.81 points to end at 96.23.
Trading ended with 42 securities changing hands with the prices of 21 stocks rising, 11 declining and ten stocks closing unchanged. The average PE Ratio of the Main Market ended at 15.6 based on IC Insider.com’s forecasted 2020-21 earnings.
The market closed with an exchange of 11,043,546 shares accounting for $38,298,986 compared to 11,791,921 units at $121,937,846 on Friday. Wigton Windfarm led trading with 7.52 million shares for 68.7 percent of total volume followed by Sagicor Select Financial Fund with 797543 units for 7.3 percent of the day’s trade and Transjamaican Highway with 774949 units for 7.1 percent market share.
An average of 262,942 units traded at $911,881 in contrast to an average of 280,760 at $2,903,282 on Friday. The average volume for the month to date amounts to 383,412 units at $2,363,701 in contrast to 452,787 units at $2,546,266. In contrast, the average for June ended at 856,725 units valued at $7,148,772 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows nine stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Caribbean Cement climbed $3.23 to $49.50, in exchanging 4,074 shares, Eppley Caribbean Property Fund rose $2 to end at $46 in trading 8,475 stock units, First Rock Capital gained 70 cents to close at $13.90 in trading 3,405 units. Grace Kennedy climbed 59 cents in ending at $57.99 with an exchange of 48,350 units, Jamaica Broilers jumped $2.95, to $27.50 with investors swapping 20,308 stock units, Jamaica Producers gained 75 cents in ending at $23.75 trading 17,269 units. Jamaica Stock Exchange climbed 41 cents closing at $21.95, after exchanging 58,999 stock units, Kingston Properties rose 30 cents to end at $7.80 in exchange of 461 units, Kingston Wharves shed $2.49 to settle at $51 with 5,294 stock units changing hands. Mayberry Jamaican Equities added 29 cents to close at $9.39 after trading 12,599 units, PanJam Investment jumped $4 to settle at $73 after 16,618 units changed hands, Sagicor Group rose $1.49 to end at $47.49 with 54,732 units crossing the exchange. Scotia Group lost $1.78 to settle at $42.72 in trading 8,093 units and Seprod fell $1.55 after closing at $50.20 and exchanging 30,666 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE US$ market slips on Monday

July 13, 2020 by IC Insider.com

The JSE US dollar market closed on Monday with moderate trading with prices falling, leading to a reduction in the US dollar market Index slipping 2.99 points to close at 185.85.
Trading ended on Monday with four securities changing hands, the same that traded on Friday. At the close, there was no stock ended with an increase in prices, while the prices of two declined and the prices of two closed unchanged. The average PE Ratio of the JSE US Dollar Market ended at 12.8 based on IC Insider.com’s forecasted 2020-21 earnings. The market closed with an exchange of 139,745 shares at $10,734 compared to 99,240 units for $21,765 on Friday.
The average trade for the day ended at 34,936 units at $2,684, in contrast to an average of 24,810 valued at $5,441 on Friday. Each security traded an average of 83,683 shares for the month to date, amounting to US$5,438 units, in contrast to 88,814 units at $5,438. June ended with an average of 281,680 units changing hands at $46,787 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows three stocks ended with bids higher than their last selling prices and one with lower offers.
At the close of the market, Margaritaville traded 68 shares to settle at 16 US cents, Proven Investments close at 23 US cents with an exchange of 41,547 shares. Sterling Investments declined by three-tenths of a cent to settle at 2 US cents with an exchange of 23,130 units and Transjamaica Highway dropped by one-tenth of a cent to 0.94 US cents, exchanging 75,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: Daily Trading, Emerging markets, Jamaica Stock Exchange, Jamaican stocks, JSE US dollar market, Margaritaville, Proven Investments, Sterling Investments, Trading Activity, Trans Jamaican Highway

Junior Market claws back losses

July 13, 2020 by IC Insider.com

Junior Market stocks partially reversed the sharp decline they suffered on Friday by recovering more than half of the loss in the index on Monday and closed with advancing stocks beating out decliners.
At the close, the Junior Market Index climbed 23.92 points to 2,556.00. Trading ended with 31 securities changing hands with the prices of 13 stocks rising, 11 declining and seven closing unchanged.
The average PE Ratio of the Junior Market ended at 10 based on IC Insider.com’s forecasted 2020-21 earnings. The market closed with an exchange of 3,822,981 shares for $10,886,036 compared to 4,584,423 units at $12,466,749 on Friday.
The average trade for the day ended at 123,322 units at $351,162 in contrast to an average of 130,984 valued at $356,193 on Friday. An average 427,049 units traded for the month to date for $1,086,232, in contrast to 464,265 units at $1,176,300. The average for June was245,049 units at $689,955.
Mailpac Group led trading with 1.42 million shares for 37 percent of total volume, followed by Indies Pharma with 521,761 units for 13.6 percent of the day’s trade and General Accident with 415,000 units for 11 percent market share.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Junior Market shows one stock ended with the bid higher than the last selling price and two with lower offers.
At the close of the market, Access Financial advanced $3.33 to settle at $25 after an exchange of 4,208 shares, AMG Packaging jumped 37 cents to end at $1.52 with investors swapping ten units, Caribbean Flavours jumped $1 to close at $11.50 trading 976 units. Caribbean Producers dropped 3 cents to end at $2.45 with an exchange of 410,802 units, Dolphin Cove lost 80 cents to end at $7 in trading 41,830 shares, Everything Fresh gained 7 cents to close at 74 cents with 35,000 shares changing hands. Fontana climbed 10 cents to end at $5.20 with an exchange of 115,618 units, General Accident rose by 20 cents to end at $7 with investors exchanging 415,000 shares, Honey Bun lost 1 cent to close at $5.49 in trading 17,345 units. iCreate gained 1 cent to settle at 55 cents with investors swapping 29,262 stock units, Indies Pharma shed 3 cents in ending at $2.75 and trading 521,761 stock units, ISP Finance fell 8 cents and closing at $15.90 after exchanging 100 shares. Jamaican Teas rose 29 cents to end at $4.99 trading 14,142 stock units, Jetcon Corporation declined by 4 cents in ending at $1.01 with 52,984 stock units crossing the exchange, KLE Group declined by 1 cent in closing at $1.79 with an exchange of 279 shares. Knutsford Express gained 12 cents to end at $6.62 in trading 8,420 stock units, Lasco Distributors shed 8 cents to close at $2.99 in exchanging 43,174 stock units, Lasco Manufacturing fell 14 cents ending at $3.56 with investors switching 21,945 units. Limners and Bards shed 15 cents to close at $2.45 with an exchange of 111,677 stock units, Lumber Depot ended rising 5 cents to $1.07 trading 208,644 units, Mailpac Group added 1 cent to settle at $2.04 in exchanging 1,415,547 stock units. Main Event dropped 8 cents to $3.99 with 37,832 stock units changing hands, Medical Disposables inched 1 cent higher to close at $6.41 with an exchange of 4,384 units and tTech jumped $1.10 to settle at $5.80 in trading 1,148 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, Caribbean Assurance Brokers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Dolphin Cove, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Stationery and Office, Trading Activity, tTech

Most stocks rise on TTSE

July 13, 2020 by IC Insider.com

Stocks mostly gained on the Trinidad and Tobago Stock Exchange on Monday for the third time since the start of July, after some stock prices closed with sizable gains to push the market indices up for the day.

First Citizens Bank added $2.50 to finish at $48, on TTSE on Monday.

The market closed with fifteen securities trading with the prices of eight rising, one declining and six ending unchanged. The volume of stocks passing through the market amounted to 130,903 shares valued at $2,811,418 compared to 167,722 shares for $1,805,037 on Friday from 16 securities.
The T&T Composite Index climbed 7.70 points to 1,318.31, The All T&T Index advanced by 15.29 points to 1,780.01, while the Cross Listed Index closed unchanged at 115.74.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of five stocks higher than its last selling price and three with lower offers.
Gainers│ First Citizens Bank added $2.50 to finish at $48, in trading 16,845 shares, Massy Holdings ended at $58, with gains of $1 after exchanging 15,721 shares, National Enterprises rose 25 cents in transferring 828 units to close at $4.75. Prestige Holdings gained 1 cent to end at $8.21, with an exchange of 1,000 units, Republic Financial Holdings picked up 1 cent to settle at $139.48, after 1,572 stock units crossing the market. Trinidad Cement carved out a gain of 25 cents in exchanging 25,000 shares at $2.35, cents, Trinidad and Tobago NGL closed 99 cents higher at $17.99, trading 9,477 stock units and West Indian Tobacco gained 40 cents to settle at $34.65, with 10,050 stock units changing hands.
Losers│ Scotiabank shed 20 cents in transferring 913 units to close at $54.75.
Firm Trades│ Ansa McAL was unchanged at $50, with 37 units changing hands, L.J Williams B share traded 34,560 shares at $1.40, NCB Financial ended at $7.88, with 1,600 units crossing the market. One Caribbean Media transferred 3,000 stock units at $5.25, Point Lisas remained at $3.25, in exchanging 300 units and Unilever Caribbean closed at $17 trading 10,000 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Mcal, Daily Trading, Emerging markets, Emerging Stock, First Citizens, Guardian Holdings, LJ Williams, Massy Holdings, National Enterprises, NCB Financial Group, One Caribbean Media, Point Lisas, Prestige Holdings, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, Trinidad Cement, TTSE, Unilever Caribbean, West Indian Tobacco

NCB is out of IC Top 10

July 13, 2020 by IC Insider.com

After entering IC Insider.com Main Market TOP 10 last week, NCB Financial Group is out of the top 10 and replaced by Victoria Mutual Investments. These two stocks are the only movement in and out of the TOP 10 for the week. There is no change to the Junior Market TOP 10.
Although the Main and Junior Markets declined during the week, the top three stocks in each market saw little change in the rankings. Accordingly, the top three Junior Market stocks, with the potential to gain between 292 to 666 percent by March 2021 as Caribbean Producers, followed by Lasco Financial and Lumber Depot in the third position. In the Main Market, the top three stocks are Berger Paints, followed by Radio Jamaica and JMMB Group, with expected gains of 195 to 208 percent.
During the early summer months, the local market tends to move sideways as trading levels recede. Investors should not keep their eyes off the market as excellent opportunities can bypass them. A good case is the near 75 percent rise in the price of General Accident since May 7 when the stock traded at $4.02.
The targeted average PE ratio of the market is 20 based on profits of companies reporting full year’s results for the financial year ending after the second quarter of 2020, up to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level. The JSE Main Market ended the week, with an overall PE of 15.2 and the Junior Market at just 10.6, based on IC Insider.com’s projected 2020-21 earnings. The PE ratio for the Junior Market Top 10 stocks averages a mere 5.5 at just 52 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at 8.4 or 55 percent of the PE of the overall market.
The average projected gain for the IC TOP 10 stocks is 293 percent, for the Junior Market and 146 percent for the JSE Main Market, based on 2020-21 earnings, an indication that there is the potential to make greater gains in the Junior Market than in the Main Market.
IC TOP 10 stocks are likely to deliver some of the best returns up to March 2021. The computation of projected gains is based on earnings and PE ratios for the current fiscal year for each stock. The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Revisions to earnings per share are ongoing, based on receipt of new information.