Activity on the Jamaica Stock Exchange Main Market began the week with the major indices losing ground with rising stocks edging out declining ones.
At the close, the JSE All Jamaican Composite Index declined 2,332.11 points to close at 544,032.31, the JSE Market Index dropped 2,102.93 points to 495,476.05 and the JSE Financial Index lost 1.18 points to 134.33.
Grace Kennedy and Jamaica Producers lost $5 and $2.39, respectively, at the same time, Kingston Wharves jumped $5.57, Jamaica Stock Exchange climbed $3.14 and Caribbean Cement was up $2 to be some of the more significant movers at the close of trading.
The market closed with 46 securities changing hands in the Main and US dollar markets with the prices of 19 advancing, 16 declining and 11 trading firm. The JSE Main Market activity ended with 42 securities accounting 17,412,213 units valued at $219,477,578 in contrast to 18,625,847 units valued at $90,035,262 from 43 securities on Friday.
Sagicor Select Financial Fund dominated trading with 5.65 million shares for 32 percent of total volume, followed by Wigton Windfarm with 3.45 million units for 20 percent of the day’s trade and Sagicor Select Manufacturing and Distribution Fund with 2.64 million shares for 15 percent market share. Other stocks trading more than one million shares were Grace Kennedy with 1.25 million shares and QWI Investments with 1.44 million units.
The market closed with an average of 414,576 units valued at an average of $5,225,657 for each security traded, in contrast to 433,159 units valued at an average of $2,093,843 on Friday. The average volume and value for the month to date amounts to 528,016 units valued at $2,464,594 for each security changing hands, compared to 537,214 units valued at $2,221,990 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and one closing with lower offers. The PE ratio of the market ended at 19.9, while the Main Market ended at 19.2 times 2019 earnings.
In the prime market, Barita Investments lost 50 to close at $72 in trading 8,851 units, Berger Paints closed 85 cents lower to $17, with an exchange of 900 shares, Caribbean Cement gained $2 to settle at $73, with 7,203 stock units changing hands. Eppley Caribbean Property Fund rose 98 cents to $38, in swapping 3,200 shares, Grace Kennedy dropped $5 to end at $72, after transferring 1,248,922 shares, Jamaica Broilers closed at $38, after losing $1 in trading 2,849 shares. Jamaica Producers settled at $24.61, with a loss of $2.39 in swapping 21,511 units, 
Jamaica Stock Exchange advanced by $3.14 to $32, in exchanging 56,550 shares, JMMB Group lost 45 cents to close at $48, with 107,892 shares changing hands. Kingston Wharves climbed $5.57 to $61.60, in transferring 32,070 units, Mayberry Jamaican Equities ended 31 cents lower at $11.01, with an exchange of 22,155 shares, 138 Student Living gained 42 cents to settle at $4.22 trading 3,000 shares. PanJam Investment ended at $102, with a gain of $1 after exchanging 8,876 shares. Portland JSX lost $1.29 to end at $7.70, with 92,980 shares changing hands, Proven Investments gained $1 to $49, after transferring 29,275 shares, Sagicor Real Estate Fund ended 55 cents higher to close at $9.60 after trading 7,657 stock units. Scotia Group added 50 cents to settle at $56.50, with 91,557 shares changing hands, Supreme Ventures ended at $25, gaining $1 exchanging 54,697 shares, Victoria Mutual Investments closed 36 cents higher at $10.96, after swapping 334,266 shares and Wisynco Group rose $1 to $23, in trading 74,342 units.
Trading in the US dollar market ended with 395,007 units value US$115,375. The market index plunged 10.07 points to close at 237.46. Margaritaville traded 251,150 shares and declined marginally from 34 US cents to 33.99 US cents, Proven Investments closed 2.5 US cents lower to 31.55 US cents, after swapping 13,933 shares. Sygnus Credit Investments lost 3 US cents in exchanging 126,766 units to close at 15 US cents, and JMMB Group 5.75% preference share remained unchanged at US$1.72, after trading 3,158 units.
Junior Market index rises – Monday
Trading on the Junior Market of the Jamaica Stock Exchange ended on Monday with Market Index advanced by 26.06 points to close at 3,235.07 from an equal number of stocks rising and falling.
At the close of market activities, the prices of 15 securities advanced, 15 declined and two remained unchanged, resulting in the average PE Ratio ending at 14.2 times earnings for 2019
Market activity ended with 32 securities changing hands and an exchange of 3,592,718 units valued at $9,412,656, compared to 4,639,848 units valued at $13,835,204 from 33 securities on Friday.
Trading ended with an average of 112,272 units for an average of $294,146 in contrast to 140,601 units for an average of $419,249 on Friday. The average volume and value for the month to date amounts to units 164,155 valued at $643,813 and previously 168,606 valued at $673,811. In contrast, December closed with an average of 521,319 shares at $1,344,719 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows six stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of the market, Access Financial lost $1.60 trading 1,414 shares to close at $30.50, AMG Packaging ended with a loss of 1 cent at $2.01 with 71,183 stock units changing hands, Blue Power closed 1 cent higher at $4.40, with an exchange of 20,241 stock units. CAC 2000 climbed $1.50 to settle at $15 with 13,500 shares changing hands, Caribbean Flavours gained $1.98 to end at $17 with 802 stock units trading, Derrimon Trading dipped 28 cents in transferring 17,446 units at $2.30, Dolphin Cove ended with a loss of 1 cent at $11.60 with 1,001 stock units changing hands. Elite Diagnostic traded 35,800 shares, after rising 12 cents to finish at $4.50, Everything Fresh ended with a loss of 1 cent at $1.05 with 35,600 stock units crossing the exchange, Express Catering climbed 10 cents and exchanged 250 shares at $6.60. Fosrich ended trading with 19,641 shares, after rising 15 cents to end at $4.25, Fontana fell 4 cents in with 88,457 units changing hands at $7.10, General Accident dipped 39 cents in trading 31,568 units at $6.36. Honey Bun climbed 19 cents, exchanging 5,339 shares at $8.20, iCreate ended market activity trading 401,583 shares to close at 75 cents after falling 10 cents, Indies Pharma dipped 4 cents to $3.06 in swapping 513,785 units. 
Jamaican Teas ended market activity, exchanging 140,915 shares to close at $6.69 after falling 19 cents, Jetcon Corporation climbed 20 cents and traded 55,131 shares at $1.65, Key Insurance ended market activity, with 18,397 shares crossing the exchange to close at $3.70 after falling 10 cents, KLE Group finished trading with 319,823 shares, after rising 6 cents to end at $2.10. Knutsford Express dropped 84 cents in transferring 2,033 units at $9.11. Lasco Distributors fell 13 cents and completed market activity exchanging 79,999 shares to close at $3.16, Lasco Financial lost 10 cents trading 52,450 stock units to close at $4.30, Lasco Manufacturing climbed 15 cents and exchanged 98,768 shares at $4.31. Limners and Bards ended with a loss of 1 cent at $2.99, with 28,873 stock units changing hands. Lumber Depot climbed 19 cents and exchanged 1,018,540 shares at $1.80, MailPac rose 2 cents in transferring of 459,048 shares at $2.07. Main Event ended trading with 2,740 shares, after rising 10 cents to $6.50, Medical Disposables closed 59 cents higher at $7.59, with 2,433 stock units trading and Paramount Trading closed with 15,041 units changing hands and gained 20 cents to end at $1.90.
Prices of securities trading for the day are those at which the last trade took place.
TTSE trading ends at 5 all – Monday
Trinidad & Tobago Stock Exchange Head Quarters
The Trinidad & Tobago Stock Exchange closed higher on Monday after an equal number of stocks recorded gains and losses with the volume and value of shares traded remaining close to Friday’s levels.
The market closed with 15 securities trading, with five gaining, five declining as the prices of five closed unchanged, with Guardian Media ending at a 52 weeks’ low.
The T&T Composite Index gained 5.86 points to close at 1,486.22. The All T&T Index rose 2.54 points to 1,885.69, while the Cross Listed Index added 1.26 points to close at 147.23.
Trading resulted in an exchange of 290,064 shares, valued at $5,369,718, compared to 237,058 shares, valued at $5,808,030, from 16 securities on Friday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of six stocks higher than their last selling prices and two with lower offers.
Gains| JMMB Group increased 4 cents and settled at $2.70, after exchanging 76,185 shares, National Flour rose of 5 cents in trading with 3,445 units at $1.40, NCB Financial traded 59,818 units and rose 15 cents to end at $11.15. Scotiabank climbed $1settled at $62, with 12,529 stock units trading and West Indian Tobacco rose 20 cents to $41.20, with 850 units crossing the exchange.
Losses| Clico Investments fell 10 cents and ended at $28, with a transfer of 98,961 units, 
Angostura Holdings closed with a loss of 3 cents at $16.17, with an exchange of 1,250 units, Guardian Holdings fell 10 cents to end at $21.50, with 2,807 units crossing the exchange. Guardian Media closed 50 cents lower to a 52 weeks’ low of $7, with 7,241 stock units changing hands while Trinidad & Tobago NGL traded 189 shares and fell 5 cents to close at $23.40.
Firm Trades| Agostini’s traded just 42 units at $25, First Caribbean International Bank settled at $7.90, after transferring 1,000 stock units, Massy Holdings ended at $62, with investors exchanging 11,591 shares, Point Lisas closed at $3.55, in swapping 11,692 shares and Trinidad Cement ended at $1.98, with investors exchanging 2,464 shares.
Prices of securities trading are those at which the last trade took place.
Carreras & Medical Disposable lead TOP 10
The past week saw significant fluctuations in prices of several stocks, leading to notable declines in the market indices of the Junior and Main Market and resulting in some changes in the TOP 10 stocks.
The Junior Market lost General Accident and Lasco Distributors and welcomed back Jetcon Corporation and Dolphin Cove. In the JSE Main Market, the price of NCB Financial fell to $190, with the stock edging out Pulse Investments in the process.
The JSE Main Market ended the week, with an overall PE of 21.1 and the Junior Market 14.2, based on current 2019 earnings. The PE ratio for Junior Market Top 10 stocks averages 9.2 with the Main Market at 11.1.
The targeted average PE ratio is 25, with several stocks trading at that level or just under, in 22 times region, currently. The TOP 10 shares now trade at a discount of 35 percent of the average for Junior Market and Main Market stocks trade at a discount of 47 percent to the overall market.
The average projected gain for the IC TOP 10 stocks is 177 percent for the Junior Market and 129 percent for the JSE Main Market, based mostly on 2019 earnings.
The top three Junior Market stocks are Medical Disposables with projected gains of 257 percent, followed by Main Event with 232 percent and Jamaican Teas is in the third spot with 187 percent likely capital gain, with the price pulling back from $7.40 at the start of the week to $6.98 at the close. 
During the week, Jamaican Teas announced a three for one stock split, subject to approval by shareholders.
During the week, Sygnus Credit Investments US dollar-based stock that surged to number one spot on the Jamaican Stock Exchange Main Market at the end of the prior week climbed to 18 US cents and moved to the sixth position. Carreras now leads the TOP 10 Main Market stocks with projected gains with 176 percent, followed by Radio Jamaica in the number two spot, with 166 percent and Berger Paints with 152 percent.
IC TOP 10 stocks are likely to deliver the best returns to March this year. 
Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. The stocks are ranked in the 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. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
Persons who compiled this report may have an interest in securities commented on.
JSE majors drop 6,300 points this week
The Main Market indices on the Jamaica Stock Exchange ended the week on Friday, with another round of losses with the market closing down on Friday at the end of a volatile week.
At the close, the JSE All Jamaican Composite Index dropped 2,369.39 points to close at 546,364.42, with a drop of 6,296 points for the week. The JSE Market Index declined 2,098.74 points to 497,578.98, leading to a decline of 5,758 points for the week and the JSE Financial Index lost 0.81 points to 135.51.
The market closed with 50 securities changing hands in the Main and US dollar markets with the prices of 18 advancing, 20 declining and 12 trading firm. The JSE Main Market activity ended with 43 securities accounting 18,625,847 units valued at $90,035,262 in contrast to 28,467,668 units valued at $102,258,217 from 42 securities on Thursday. JMMB Group 7.25% preference share closed at a 52 weeks’ low of $1.45.
Wigton Windfarm dominated trading with 6.5 million shares for 35 percent of total volume, followed by Sagicor Select Financial Fund with 5 million units for 27 percent of the day’s trade and QWI Investments with 2.2 million shares for 12 percent of the market’s volume. The only other stock trading more than one million shares was Sagicor Select Fund – Manufacturing and Distribution, with 1.2 million units.
The Market closed with an average of 433,159 units valued at an average of $2,093,843 for each security traded, in contrast to 662,039 units valued at an average of $2,378,098 on Thursday. The average volume and value for the month to date amounts to 537,214 units valued at $2,21,990 for each security changing hands, compared to 546,633 units valued at $2,234,657 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and two closing with lower offers. The PE ratio of the market ended at 19.7, while the Main Market ended at 18.8 times the 2019 earnings.
In the prime market, Barita Investments closed 50 cents lower to $72.50, with an exchange of 175,838 units, Berger Paints gained 85 cents to end at $17.85, with 3,139 shares changing hands, Caribbean Cement dropped $2.45, settling at $71 in trading 4,824 shares. Eppley closed 60 cents higher at $15, after transferring 3,675 units, Grace Kennedy slipped $1 to close at $77, in swapping 107,380 shares, Jamaica Broilers closed $2.90 higher to $39 after exchanging 2,050 shares. Jamaica Producers Group gained $2.47 to end at $27 trading 200 units. 
MPC Caribbean Clean Energy advanced $16 to $231, with 100 units changing hands, NCB Financial Group lost $3 in transferring 72,880 shares to close at $190, after trading as low as $175.01, 138 Student Living lost 42 cents to settle at $3.80, in swapping 93,977 shares. PanJam Investment ended at $101, with a gain of 45 cents trading 1,772 shares, Proven Investments declined $1.95 to $48, after 19,016 units changed hands, Pulse Investments closed at $6.50, with a loss of 59 cents in transferring 235,665 shares. Sagicor Real Estate Fund lost 84 cents in swapping 22,301 shares, and ending at $9.05, Scotia Group added $1 to close at $56, with 145,825 shares changing hands, Seprod gained $1.99 and ended at $49.99, after trading 117,955 shares. Supreme Ventures gained $1 to end at 24.00 with 12,840 stock units trading, Sygnus Credit Investments slid to $26.50, after losing 50 cents and transferring 25,616 shares and Wisynco Group dropped $1.25 to end the day’s trade at $22, in swapping 134,384 shares.
Trading in the US dollar market ended with 316,904 units valued at over US$112,316. The market index advanced 12.02 points to close at 247.53. Margaritaville lost 1 US cent in an exchange of 125 units at 34 US cents, Proven Investments gained 2 US cents to close at 34 US cents, after exchanging 311,898 shares, Sygnus Credit Investments traded 1,625 units at 18 US cents, Sterling Investments closed at 3 US cents with 918 units changing hands,
In the preference section of the US dollar market, JMMB Group 5.75% swapped 1,030 units, gaining 2 US cents to end at US$1.52, JMMB Group 6% settled at US$1.05, after rising 5 US cents trading 866 shares and JMMB Group 5.75% lost 30 US cents to settle at US$1.72, after an exchange of 442 units.
Trading picks up on Junior Market – Friday
Trading on the Junior Market of the Jamaica Stock Exchange finished on Friday with 33 securities changing hands, with an increased volume of 4,639,848 units valued at $13,835,204 compared to 3,359,389 units valued at $10,159,585 from 37 securities on Thursday.
At the close of market activities, the prices of 17 securities advanced, 11 declined and 8 remained unchanged, with 33 changing hands, resulting in the Junior Market Index falling by a mere 2.17 points to close at 3,209.01. The market closed, with the average PE Ratio ending at 14 earnings for 2019.
Trading ended with an average of 140,601 units for an average of $419,249 in contrast to 101,800 units for an average of $307,866 on Thursday. The average volume and value for the month to date amounts to units 168,606 valued at $673,811 and previously 171,324 valued at $698,518. In contrast, December closed with an average of 521,319 shares at $1,344,719 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows five stocks ended with bids higher than their last selling prices and five with lower offers. 
At the close of the market, Access Financial dipped 20 cents in trading 10,601 units at $32.10, AMG Packaging slipped 5 cents in exchanging 1,346,609 units at $2.02, Blue Power ended with a loss of 1 cent at 4.39 with 4,536 stock units changing hands. Caribbean Cream ended market activity exchanging 11,377 shares to close at $3.60 after falling 41 cents, Caribbean Producers climbed 7 cents after an exchange of 24,182 shares at $4.88, Consolidated Bakeries traded 8,000 shares, after rising 5 cents to end at $1.65. Dolphin Cove closed with 3,001 units crossing the market and gained 81 cents to end at $11.61. Elite Diagnostic lost 47 cents with 5,000 units changing hands at $4.38, Everything Fresh closed 1 cent higher at $1.06, with the of trading 352,400 stock units, Express Catering ended with 139,578 shares changing hands, after rising 40 cents to end at $6.50. Fosrich shed 30 cents in trading 21,895 units at $4.10, Fontana closed 14 cents higher at $7.14, with 380,369 stock units changing hands, GWest Corporation closed 1 cent higher at $1.11, in transferring 4,182 stock units. Honey Bun lost 29 cents in trading 63,649 shares to close at $8.01, iCreate climbed 2 cents and exchanged 266,130 shares at 85 cents. 
Indies Pharma gained 18 cents to close at $3.10, with the trading of 51,726 stock units, Iron Rock Insurance exchanged 35,850 units and gained 20 cents to end at $4, Jamaican Teas closed trading of 243,285 units and rose 23 cents to end at $6.88. Jetcon Corporation closed 5 cents higher at $1.45, trading 44,975 stock units, Knutsford Express ended market activity, exchanging 30,250 shares to close at $9.95 after falling 5 cents. Lasco Distributors rose 13 cents to close $3.29, with 85,000 stock units changing hands, Lasco Financial closed 30 cents higher at $4.40, with 29,850 stock units trading. Lasco Manufacturing climbed 5 cents and exchanged 21,300 shares at $4.16, Limners and Bards gained 25 cents and exchanged 87,009 shares at $3, Mailpac Group lost 5 cents in trading 332,699 shares to close at $2.05. Main Event ended 33 cents higher at $6.40, with 5,570 stock units crossing the exchange, Paramount Trading fell 3 cents in trading of 237,730 units at $1.70 and SSL Venture lost 4 cents in transferring 121,000 units at $1.20.
Prices of securities trading for the day are those at which the last trade took place.
Stocks closed higher on TTSE trading – Friday
First Citizens Bank closed at a 52 weeks’ high on TTSE on Friday.
The market closed with 16 securities trading, with six gaining, five declining as the prices of five closed unchanged after First Citizens Bank ended at a new 52 weeks’ high.
The T&T Composite Index rose 1.22 points to end at 1,480.36. The All T&T Index gained 2.02 points to 1,883.15, while the Cross Listed Index inched 0.05 points to close at 145.97.
Trading resulted in an exchange of 237,058 shares, valued at $5,808,030, compared to 223,638 shares, valued at $5,221,135, from 17 securities on Thursday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of five stocks higher than their last selling prices and two with lower offers.
Gains| Clico Investments rose 10 cents and ended at $28.10, with an exchange of 11,640 units, Angostura Holdings added 4 cents and ended at $16.20, in swapping 6,210 shares, First Citizens Bank increased 5 cents and settled at a 52 weeks’ high of $45.20, trading 1,600 stock units. Guardian Holdings added 10 cents and ended at $21.60, with 8 stock units changing hands, JMMB Group closed with an increase of 1 cent to close at $2.66, with 1,056 units crossing the exchange and Trinidad & Tobago NGL closed trading of 5,804 shares and rose 45 cents to close at $23.45.
Losses| Ansa McAl shares fell 5 cents and completed trading of 23,629 shares at $55.25, National Flour closed with a loss of 5 cents and closed at $1.35, with 100,000 units exchanging hands, Scotiabank ended with a loss of 1 cent at $61, with 51,286 units crossing the exchange. West Indian Tobacco shed 20 cents and completed trading 2,481 units at $41 and Unilever Caribbean dropped 10 cents and settled at a 52 weeks’ low of $22.15 in swapping 2,742 shares.
Firm Trades| Agostini’s traded just 5 units at $25, Massy Holdings completed trading at $62, with 20 units, National Enterprises settled at $5.50, with 20 units changing hands, NCB Financial ended trading of 29,757 shares at $11 and Republic Financial closed at $135.75, with investors exchanging 800 units.
Prices of securities trading are those at which the last trade took place.
JSE Main Market enjoys bounce
Grace Kennedy put on $7 to recover from a big drop on Wednesday, but Scotia Group dropped $2.95 and, along with sixteen other rising stocks, helped to push the JSE Main Market Index up 3,600 points.
Market activity resulted in the primary indices regaining almost half of the ground lost on Wednesday. At the close, the JSE All Jamaican Composite Index jumped 4,003.98 points to close at 548,733.81. The JSE Market Index climbed 3,628.22 points to 499,677.72 and the JSE Financial Index rose 1.55 points to 136.32.
The market closed with 47 securities changing hands in the Main and US dollar markets with the prices of 18 stocks advancing, 16 declining and 13 trading firm. The JSE Main Market activity ended with 42 securities accounting for 28,467,668 units valued at $102,258,217 in contrast to 49,953,294 units valued at $104,735,667 from 42 securities on Wednesday.
Wigton Windfarm dominated trading with 17.6 million shares for 62 percent of total volume, followed by Sagicor Select Financial Fund with 6.3 million units for 22 percent of the day’s trade and QWI Investments with 1.1 million shares for 4 percent of the market’s volume.
The Market closed with an average of 662,039 units, valued at an average of $2,378,098 for each security traded, in contrast to 1,218,373 units valued at an average of $2,554,528 on Wednesday. The average volume and value for the month to date amounts to 546,633 units valued at $2,234,657 for each security changing hands, compared to 535,146 units valued at $2,218,923 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows six stocks ending with bids higher than their last selling prices and eight closing with lower offers. The PE ratio of the market ended at 19.5, while the Main Market ended at 18.7 times the 2019 earnings.
In the prime market, Barita Investments lost $1 to close at $73, with 3,100 shares changing hands, Berger Paints gained 50 cents to settle at $17 trading 884 units, Grace Kennedy jumped $7 to close at $78, after swapping 112,533 stock units. Jamaica Producers Group dropped 97 cents to end at $24.53, in exchanging 3,752 shares, JMMB Group closed $1.70 higher to $48.45 with an exchange of 196,144 units, Mayberry Jamaican Equities lost 55 cents to settle at $11.30 in trading 56,800 units. 
NCB Financial Group declined by 50 cents to close at $193, in an exchange of 74,576 shares, Sagicor Group climbed $1.80 to $70.80, in swapping 9,434 shares, Scotia Group ended $2.95 down at $55, with 34,209 shares changing hands, Seprod slipped 94 cents and closed at $48, in trading 35,213 shares. Supreme Ventures slid to $23, after a loss of $2 in transferring 147,830 shares, Victoria Mutual Investments closed 50 cents lower at $10.50, with an exchange of 297,116 shares and Wisynco Group gained $1.25 to end at $23.25, in swapping 188,582 shares. In the preference sector, JMMB Group 7.25% preference share lost 39 cents in closing at $1.59 with just 535 units changing hands.
Trading in the US dollar market ended with 223,639 units valued at over US$55,813. The market index advanced 3.06 points to close at 235.51. Margaritaville Turks exchanged 122,500 shares at 35 US cents after rising a fraction of a cent. Sygnus Credit Investments gained 3.7 US cents trading 56,225 shares to end at 18 US cents, Sterling Investments closed at 3 US cents with 36,382 units changing hands. Productive Business Solution rose 5 US cents to 75 US cents, with a transfer of 123 units and Proven Investments lost half of a cent to end at 32 US cents while exchanging 8,409 shares.
Junior market loses 4% for 2020
Trading on the Junior Market of the Jamaica Stock Exchange closed on Thursday with the Junior Market Index shedding another 34.24 points to close at 3,211.18, bringing the year’s loss to 4 percent as declining stocks edged out advancing ones.
At the close of market activities, the prices of 12 securities advanced, 14 declined and 7 remained unchanged, with 33 stocks changing hands, resulting in an exchange of 3,359,389 units valued at $10,159,585 compared to 6,024,104 units valued at $19,766,505 from 37 securities on Wednesday.
At the close of market activities, the market’s average PE Ratio ended at 14 earnings for 2019.
Trading ended with an average of 101,800 units for an average of $307,866 in contrast to 162,814 units for an average of $534,230 on Wednesday. The average volume and value for the month to date amounts to units 171,324 valued at $698,518 and previously 178,797 valued at $740,510. In contrast, December closed with an average of 521,319 shares at $1,344,719 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Access Financial ended trading with 52,600 shares, after rising 20 cents to end at $32.30, AMG Packaging ended with a loss of 1 cent at $2.07 with 98,000 stock units changing hand, Blue Power closed 10 cents higher at $4.40, with swapping of 19,241 stock units. CAC 2000 climbed 50 cents and exchanged 5,000 shares at $13.50, Caribbean Cream closed with a loss of 29 cents at $4.01, in exchanging of 450 shares, Consolidated Bakeries traded 4,500 shares and declined 15 cents to settle at $1.60. Dolphin Cove dipped 95 cents in trading, just 100 units at $10.80. Derrimon Trading ended with a loss of 1 cent at $2.58 with 35,207 stock units changing hands, Elite Diagnostic fell 3 cents in trading of 38,492 units at $4.85. Everything Fresh closed with 18,089 units crossing the exchange and gained 4 cents to end at $1.05, Express Catering traded of 1,774 units and gained 10 cents to end at $6.10, Fosrich exchanged 193,478 shares, after rising 10 cents to end at $4.40. General Accident closed 75 cents higher to $6.75, with 5,520 stock units changing hands, GWest Corporation closed trading of 98,919 units and gained 4 cents to end at $1.10, 
Honey Bun traded 1,992 units and declined 20 cents to settle at $8.30. iCreate closed 3 cents higher at 83 cents, with 63,807 stock units crossing the exchange, Jamaican Teas lost 35 cents in trading 79,655 units to close at $6.65, Jetcon Corporation dropped 20 cents in trading of 91,678 units at $1.40. Lasco Distributors closed with 214,115 shares changing hands, after rising 5 cents to end at $3.16, Lasco Financial shed 25 cents in trading of 4,578 units at $4.10, Lasco Manufacturing declined by 21 cents to settle at $4.11 after units 64,197 passed through the market. Limners and Bards closed with a loss of 15 cents at $2.75, after swapping 108,276 shares, Lumber Depot fell 4 cents in trading of 1,508,978 units at $1.61. Main Event closed 3 cents higher at $6.07, with an exchange of 3,917 stock units, Paramount Trading closed 1 cent higher at $1.73, with the swapping of 21,600 stock units and SSL Venture ended with a loss of 1 cent at 1.24 with 830 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.
Rising stocks dominate TTSE trading – Thursday
Republic Bank closed at a 52 weeks’ high on Thursday.
Trading closed on the Trinidad & Tobago Stock Exchange on Thursday, rising stocks outpacing declining ones by a significant margin.
The market closed with 17 securities trading, with seven stocks gaining, two declining while eight closed unchanged, after Republic Financial Holding ended at a new 52 weeks’ high.
The T&T Composite Index inched 0.01 points higher to 1,479.14. The All T&T Index rose just 0.53 points to 1,881.13, while the Cross Listed Index declined 0.07 points to close at 145.92.
Trading resulted in an exchange of 223,638 shares, valued at $5,221,135, compared to 130,180 shares, with a value of $4,139,922, from 16 securities on Wednesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of five stocks higher than their last selling prices and one with a lower offer.
Gains| Clico Investments gained 11 cents and ended at $28, after exchanging 34,949 shares, Angostura Holdings gained 1 cent to close at $16.16, with 4,400 stock units changing hands, First Citizens Bank increased by 5 cents and settled at $45.15, trading 2,200 stock units. Massy Holdings climbed 40 cents and ended at $62, after exchanging 504 shares, National Flour rose 4 cents and closed at $1.40, after trading a mere eight unit. Republic Financial rose 25 cents end at a 52 weeks’ high of $135.75, after swapping of 100 shares and West Indian Tobacco added 1 cent and completed trading of 8,468 shares at $41.20.
Losses| JMMB Group fell 5 cents and ended at $2.65, with investors exchanging 22,500 shares and Trinidad & Tobago NGL closed trading of 10,184 shares but fell 61 cents to close at $23.
Firm Trades| Ansa McAl closed at $55.30, with 41,693 units crossing the exchange, Calypso Micro Index Fund traded 1,000 shares at $15.85, Grace Kennedy finished at $3.90, with investors exchanging 10,000 shares, Guardian Holdings ended at $21.50, with 1,000 units crossing the exchange. NCB Financial exchanged 84,000 shares to close at $11, Prestige Holdings settled at $8.90, with an exchange of 12 units, Scotiabank ended at $61.01, in trading 650 units and Unilever Caribbean settled at $22.25, with 1,970 stock units changing hands.
Prices of securities trading are those at which the last trade took place.
