Big trading drop on Trinidad Stock Exchange

February 13, 2025 by
Trading dropped sharply on the Trinidad and Tobago Stock Exchange on Thursday, with a 46 percent drop in the volume of stocks traded, accompanied by a 88 percent dive in value from Wednesday, following trading in only 15 securities down from 20 on Wednesday and ending with prices of four stocks rising, four declining and seven ending firm.

The market closed with trading in 170,647 shares valued at $1,302,338 down from 318,786 stock units at $11,193,162 on Wednesday.
An average of 11,376 shares were traded at $86,823, well below the 15,939 stock units at $559,658 on Wednesday. Trading for the month to date ends with an average of 17,895 shares at $154,151, compared with 18,556 units at $160,979 on the previous day and compares well with an average of 17,669 shares for $153,409 in January.
The Composite Index increased 1.28 points to end at 1,069.54, the All T&T Index rallied 2.08 points to close trading at 1,576.95, the SME Index remained unchanged at 96.65 and the Cross-Listed Index gained 0.06 points to conclude trading at 73.70.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
At the market close on Thursday, CIBC Caribbean Bank ended at $8 with 163 stocks passing through the market, First Citizens Group fell 14 cents in closing at $42.01 with investors dealing in 2,473 stocks, GraceKennedy increased 3 cents to $3.73 with 1,000 shares clearing the market. Guardian Holdings remained at $14.97 with investors swapping 100 stock units, JMMB Group ended at $1.04 after an exchange of just one share, Massy Holdings remained at $3.90 in trading 139,397 units. National Flour Mills sank 3 cents to $1.67 after an exchange of 1,009 stocks, NCB Financial popped 3 cents to end at $2.39 with 872 stock units changing hands, One Caribbean Media skidded 9 cents in closing at $2.71 as investors exchanged 4,893 shares. Republic Financial gained 54 cents and ended at $113.85 with 4,391 stocks switching owners, Scotiabank ended at $56 after a transfer of 1,000 units, Trinidad & Tobago NGL slipped 1 cent to finish at a 52 weeks’ low of $4.68 with 9,475 stocks passing through the market. Trinidad Cement remained at $2.30 in an exchange of 1,148 shares, Unilever Caribbean ended at $11.19 with 45 stocks crossing the market and West Indian Tobacco rose 12 cents and ended at $5.52 in an exchange of 4,680 units.

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

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , ,

Transjamaican corners JSE Main Market

February 13, 2025 by
Transjamaican Highway preferred stock accounted for 92 percent of the volume traded on the Jamaica Stock Exchange Main Market on Thursday, while the ordinary stock traded 3 percent for a total of 95 percent, helping to push the volume of stocks traded up 1,479 percent and the value 314 percent more than on Wednesday, following trading in 64 securities compared with 60 on Wednesday, with prices of 22 rising, 22 declining and 20 ending unchanged.

The market closed with 109,013,663 shares trading for $248,063,681 up from 6,904,205 stock units valued at $59,901,771 on Wednesday.
Trading averaged 1,703,338 shares at $3,875,995 compared to 115,070 stocks at $998,363 on Wednesday and trading for the month to date, an average of 469,371 stock units at $2,008,734 compared with 306,202 shares at $1,761,824 on the prior and January with an average of 257,074 stock units at $2,582,065.
Transjamaican Highway 8% led trading with 100.07 million shares for 91.8 percent of total volume followed by JMMB Group 7.25% preference share due 2024 which ended with 3.59 million stocks for 3.3 percent of the day’s trade and Transjamaican Highway with 3.40 million stock units for 3.1 percent of the day’s volume.
The All Jamaican Composite Index climbed 1,489.03 points to 382,324.66, the JSE Main Index rose 932.79 points to 330,268.71 and the JSE Financial Index gained 0.21 points to end at 68.12. The Investor’s Choice bid-offer indicator shows 11 stocks ending with bids higher than their last selling prices and three with lower offers.
The Main Market ended trading with an average PE Ratio of 14.8. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close on a day of increased trades, AS Bryden dropped by $1 and ended at a 52 weeks’ low of $29 with investors dealing in 5,769 units, Eppley rallied 80 cents to $34.30 in an exchange of just 2 stocks, Guardian Holdings increased 50 cents to finish at $304 with 219 shares passing through the market. JMMB Group climbed 47 cents to end at $21 in trading 30,169 stock units, Kingston Properties popped 52 cents in closing at $9.08 with 22 shares crossing the exchange, Kingston Wharves gained 95 cents to close at $30.95 with investors swapping 9,721 stocks. Margaritaville rose 48 cents to $14.68 after an exchange of a mere 3 units, Massy Holdings sank 90 cents and ended at $81 with 3,785 stock units crossing the market, NCB Financial dropped 59 cents to end at a 52 weeks’ low of $49.33 in an exchange of 60,599 shares. Proven Investments shed 61 cents in closing at $17.20 with 3,354 stock units clearing the market, Scotia Group advanced $2.39 to close at $58.39 after an exchange of 448,434 stocks and Supreme Ventures rose 50 cents to finish at $20.50 with 42,805 units crossing the market.
In the preference segment, Eppley 7.25% preference share fell $2.25 to $17 with investors trading 36 shares, Eppley 7.75% preference share skidded 58 cents to close at $19.41 with 100 units switching owners, Jamaica Public Service 7% climbed $4 to end at $44 with 6,605 stocks changing hands and 138 Student Living preference share sank $75 in closing at $255 with investors trading 35 stock units.
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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Acquisition doubles ISP Finance

February 13, 2025 by
Micro financier, ISP Financial Services has more than doubled its size by acquiring the principal balance of a loan portfolio of approximately $1.2 billion. The acquisition more than doubles the company’s loan portfolio of just over $1 billion at the end of September last year net of provision for loan losses, pushing it to $2.2 billion.

The terms of the acquisition were not stated in the release by ISP at the close of the day on Wednesday but ICInsider.com has been reliably informed that the acquisition took place using a combination of internal and external funding which a portion of the principal deferred to be paid at some time in the future.

Last year’s annual general meeting scheduled to be held on November 21, 2024, was postponed until January, this targeted date has been pushed back, but no doubt will be held drown about March or April. The portfolio is acquired from a large Jamaican owned banking group. ISP had stated in 2021 that they were in discussions to acquire a portion of the loan portfolio of Micro lender, Mundo Finance but that deal was never materialized.
The current acquisition is likely to double revenues that stood at $520 million in 2023 and were 9 percent higher for the nine months to September last year to $400 million with $118 million generated in the September quarter. The acquisition could push profits sharply higher and also with the benefit of economies of scale. Profit for the nine months last year was up 66 percent to $55 million. IC Insider.com estimates that profits could exceed $2 per share or more in a full year of operation if all goes well.

At the end of September 2024, ISP equity capital was $641 million, with borrowings of $520 million. This recent acquisition stretched the capital base considerably with the debt to capital ratio out of line with acceptable levels, accordingly, ICInsider.com expects the company at the upcoming annual general meeting to have shareholders approve an increase in the share capital with the possibility that the stock could be split ahead of a likely return to the capital market to raise fresh equity capital to needed to normalize the capital base and to fund growth in the loan portfolio.

Filed Under: Company News, Company Results, General Business News Tagged With: , , , ,

JSE Main Market trading plunges  

February 12, 2025 by
Trading dropped back sharply on the Main Market of the Jamaica Stock Exchange at the end of market activity on Wednesday, with the volume of stocks traded down a hefty 91 percent with the value 53 percent lower than on Tuesday, following trading in 60 securities up from 58 on Tuesday, with prices of 18 rising, 23 declining and 19 ending unchanged, resulting in a drop in the major market indices.

The market closed with trading of 6,904,205 shares for $59,901,771 down from 73,155,105 stock units at $128,115,803 on Tuesday.
Trading averaged 115,070 shares for $998,363 and well below the 1,261,295 stocks at $2,208,893 on Tuesday. Trading for the month to date averages 306,202 stock units at $1,761,824 compared to 333,249 shares at $1,869,861 on Tuesday and January with an average of 257,074 stock units at $2,582,065.
Transjamaican Highway led trading with 2.53 million shares for 36.6 percent of total volume followed by JMMB Group 7.25% preference share with 598,495 stock units for 8.7 percent of the day’s trade and Wigton Energy with 461,001 stocks for 6.7 percent of the volume traded.
The All Jamaican Composite Index sank 1,842.72 points to close at 380,835.63, the JSEMain Market Index dropped 1,537.34 points to close at 329,335.92 and the JSE Financial Index dipped 0.55 points to finish at 67.91. The Investor’s Choice bid-offer indicator shows 15 stocks ending with bids higher than their last selling prices and four with lower offers.
The Main Market ended trading with an average PE Ratio of 14.7. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close of a day of a slow market, Caribbean Cement gained 50 cents to close at $87.50 with investors trading 16,125 stocks, JMMB Group sank 52 cents to end at $20.53 with 11,594 units passing through the market, Kingston Properties shed 47 cents in closing at $8.56 in an exchange of 57,836 shares. Kingston Wharves sank 90 cents to close at $30 with 3,023 stock units crossing the market, Lasco Manufacturing popped 52 cents and ended at $7.99 with traders dealing in 392,755 shares, 138 Student Living increased 72 cents to finish at $3.97 with 21,449 stocks clearing the market. Sagicor Group dipped 70 cents to $41.30 as investors exchanged 23,134 units, Seprod fell $3.94 to $85 with a transfer of 17,912 stock units and Stanley Motta climbed 40 cents to end at $7.40 with 4,624 shares changing hands.
In the preference segment, Jamaica Public Service 7% declined $3 to finish at $40 with investors trading 35 stocks, 138 Student Living preference share rose $10 and ended at $330 with 32 units switching owners, Productive Business Solutions 10.5% preference share lost $49.99 to close at $1,050 with 56 stocks units changing hands at the end of trading and Sygnus Credit Investments C10.5% advanced $2.38 to $104.88 after 380 shares were traded.
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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Junior Market gains on lower volume

February 12, 2025 by

Trading dropped sharply on the Junior Market of the Jamaica Stock Exchange Wednesday with the volume of stocks traded falling 50 percent, with 47 percent lower value than Tuesday resulting from trading in 42 securities down from 46 on Tuesday and ending with prices of 11 rising, 20 declining and 11 closing unchanged and putting the Market indices marginally higher at the close.

The market closed with trading of 3,211,827 shares for $7,290,865 down from 6,394,435 stock units at $13,808,848 on Tuesday. Trading ended with an average of 76,472 shares at $173,592 compared with 139,009 stocks at $300,192 on Tuesday with trading for the month to date, averaging 179,004 units at $304,429 compared with 193,077 stock units at $322,387 on the previous day and January with an average of 350,850 shares at $615,775.
Dolla Financial led trading with 653,057 shares for 20.3 percent of total volume followed by Lasco Financial which ended with 450,025 stock units trading for 14 percent of the day’s trade and Tropical Battery with 440,815 stocks for 13.7 percent of the volume traded.
At the close of trading, the Junior Market Index rallied by just 4.56 points to wrap up trading at 3,703.32. The Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and two with lower offers.
The Junior Market ended trading with an average PE Ratio of 13, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of a low keyed session, AMG Packaging dropped 19 cents to $3.01 with investors swapping 150 units, Blue Power fell 26 cents to $5.28 in an exchange of 630 stocks, Caribbean Cream rose 20 cents to end at $3.20 with 3,837 shares changing hands. Dolla Financial dipped 11 cents in closing at $2.81 in trading 653,057 stock units, Dolphin Cove rallied 15 cents and ended at $19.70 after an exchange of 22,970 shares, Fontana lost 14 cents to finish at $9.10 with trading in 29,304 stocks. Future Energy increased 6 cents and ended at $3.50 and closed with an exchange of 9,189 units, Honey Bun skidded 9 cents to $8.03 with investors trading 1,300 stock units, Jamaican Teas dipped 6 cents in closing at $2.16 in an exchange of 45,000 shares. Lumber Depot slipped 7 cents to close at $2.80 with investors trading 18,286 stock units, Main Event fell 15 cents to finish at $10.85 after a transfer of 996 units, Medical Disposables shed 10 cents to end at $1.80 with traders dealing in 1,000 stocks. Paramount Trading declined 11 cents to $1.02 with 658 units crossing the market, Regency Petroleum climbed 33 cents and ended at $3.18 with investors dealing in 327,505 shares and tTech popped 32 cents to close at $2 with 74,807 stock units crossing the exchange.

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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Trading surges on Trinidad Stock Exchange

February 12, 2025 by
Stocks attracted much more funding on the Trinidad and Tobago Stock Exchange on Wednesday, resulting in a 353 percent jump in the volume of stocks traded with the value surging 1,154 percent more than on Tuesday, resulting in 20 securities trading up from 18 on Tuesday and ending with prices of five rising, six declining and nine ending firm.

The market closed with trading of 318,786 shares for $11,193,162 up from just 70,323 stock units at a mere $892,844 on Tuesday. An average of 15,939 shares were traded at $559,658 compared with 3,907 units at $49,602 on Tuesday. Trading month to date averaged 18,556 shares at $160,979 versus 18,965 units at $98,682 on the previous day and an average for January of 17,669 shares at $153,409.
The Composite Index fell 2.19 points to finish at 1,068.26, the All T&T Index dropped 4.22 points to settle at 1,574.87, the SME Index remained at 96.65 and the Cross-Listed Index closed unchanged at 73.64.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of an active trading session, Agostini’s gained 30 cents to close at $68.50 with investors trading 20 stock units, Angostura Holdings fell 1 cent to $14.49 after 220 shares passed through the market, Ansa McAl ended at $59 in trading 8,000 stock units. CIBC Caribbean Bank remained at $8 with 200 units clearing the market, First Citizens Group slipped 1 cent to $42.15 as investors exchanged 2,892 stocks, GraceKennedy fell 3 cents to $3.70 with a transfer of 7,804 shares. Guardian Holdings rose 12 cents to $14.97 with investors swapping 529 stock units, Guardian Media lost 1 cent in closing at $1.11 in switching ownership of 1,200 units, JMMB Group advanced 1 cent to close at $1.04 after an exchange of 1,000 stocks. Massy Holdings remained at $3.90 with 103,211 units crossing the market, National Enterprises ended at $2.69 with an exchange of 4,615 shares, National Flour Mills popped 1 cent to end at $1.70 after trading of 11,405 stock units. NCB Financial dropped 3 cents in closing at a 52 weeks’ low of $2.36 after  29,525 shares were exchanged, Prestige Holdings increased 6 cents to $10.91 with traders dealing in 2,195 stock units, Republic Financial ended at $113.31 with 85,108 stocks crossing the exchange. Scotiabank remained at $56 after a transfer of 1,109 units, Trinidad & Tobago NGL ended at $4.69 with investors trading 46,752 stocks, Trinidad Cement shed 5 cents to close at a 52 weeks’ low of $2.30 in an exchange of 2,252 units. Unilever Caribbean remained at $11.19 with only one share changing hands and West Indian Tobacco remained at $5.40 after an exchange of 10,748 stock units.

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

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

Wigton pushes JSE Main Market trading

February 11, 2025 by
Trading in Wigton Energy stocks accounted for more than 91 percent of all shares exchanged on the Jamaica Stock Exchange Main Market on Tuesday, pumping up the volume of stocks traded by 770 percent and the value 6 percent more than on Monday, with trading in 58 securities compared with 63 on Monday and ending with prices of 23 rising, 19 declining and 16 ending unchanged.

The market closed with 73,155,105 shares being traded for $128,115,803 up from just 8,404,948 stock units for $117,857,156 on Monday.
Trading ended with an average of 1,261,295 shares for $2,208,893 up from 133,412 stock units at $1,870,749 on Monday. Trading for the month to date ended with an average of 333,249 stock units at $1,869,861 compared with 186,182 shares at $1,816,134 on Monday and versus January that averaged 257,074 stock units at $2,582,065.
Wigton Energy led trading with 66.86 million shares for 91.4 percent of total volume followed by Transjamaican Highway that ended with 3.39 million stock units for 4.6 percent of the day’s trade and Carreras with 503,505 stocks for 0.7 percent of the volume traded.
The All Jamaican Composite Index advanced 645.13 points to 382,678.35, the JSE Main Index gained 129.38 points to end at 330,873.26 and the JSE Financial Index climbed 0.41 points to finish at 68.46. The Investor’s Choice bid-offer indicator shows 11 stocks ending with bids higher than their last selling prices and five with lower offers.
The Main Market ended trading with an average PE Ratio of 14.7. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close heavy trading in Wigton shares, Berger Paints fell 61 cents to $7.49 with investors swapping 126,404 units, Caribbean Cement popped $3.99 to end at $87 after an exchange of 36,435 shares, Eppley lost $2.50 in closing at $33.50 with a transfer of 309 units. Eppley Caribbean Property Fund increased $2.48 to close at $39.48 trading 3,132 stocks, First Rock Real Estate shed 96 cents and ended at $9 after a transfer of 402 units, Jamaica Broilers climbed 89 cents to finish at $37.30 with 17,712 stocks crossing the exchange. Kingston Wharves rose 71 cents to $30.90 with 5,847 shares changing hands, Massy Holdings declined $1.70 to close at $82 with investors dealing in 6,954 stock units, MPC Caribbean Clean Energy sank $5 in closing at $65 with 3,015 shares switching owners. 138 Student Living skidded 85 cents and ended at $3.25 with 15,929 stock units crossing the market, Sagicor Group gained 70 cents to end at $42 in trading 12,854 units, Scotia Group advanced 80 cents to finish at $56.20 with 24,044 stocks crossing the market and Seprod rallied $4.44 and ended at $88.94 in an exchange of 6,716 units.
In the preference segment, Eppley 7.75% preference share popped 59 cents to $19.99 with investors trading 199 stocks, Jamaica Public Service 7% advanced $3 to close at $43 in an exchange of 58 shares and Sygnus Credit Investments C10.5% sank $5.48 to end at $102.50 with 523 stock units passing through the market.
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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Junior Market trading rises, but prices slip

February 11, 2025 by
The Junior Market of the Jamaica Stock Exchange slipped at the close of trading on Tuesday, following a 21 percent higher volume of stocks that were traded, with a 61 percent greater value than Monday following trading in 46 securities up from 42 on Monday and ending with prices of 17 rising, 19 declining and 10 closing unchanged.

The market closed with trading of 6,394,435 shares for $13,808,848 compared with 5,281,187 units at $8,580,323 on Monday. Trading for the day averaged 139,009 shares at $300,192 compared with 125,743 stocks at $204,293 on Monday with a month to date average of 193,077 units at $322,387 down moderately from 202,642 stocks at $326,313 on the previous day and some distance from January with an average of 350,850 shares at $615,775.
Regency Petroleum led trading with 2.58 million shares for 40.3 percent of total volume followed by One Great Studio which ended with 816,357 stock units for 12.8 percent of the day’s trade and Jamaican Teas with 515,932 stocks for 8.1 percent of the volume traded.
At the close of trading, the Junior Market Index slipped a mere 2.88 points to end at 3,698.76. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
The Junior Market ended trading with an average PE Ratio of 13, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of a more active day than Monday, CAC 2000 gained 36 cents to finish at $2.45 with an exchange of just 22 stock units, Consolidated Bakeries rose 10 cents to $2.10 with a mere 11 stock units passing through the market, Fontana advanced 13 cents to close at $9.24 with 81,296 shares switching owners. Future Energy sank 9 cents to end at $3.44 with investors trading 66,796 stock units, GWest Corporation skidded 8 cents in closing at 85 cents in an exchange of 5,103 shares, Honey Bun slipped 10 cents and ended at $8.12 with investors swapping 9,204 stock units. Jamaican Teas shed 8 cents to close at $2.22 with 515,932 stocks crossing the exchange, KLE Group popped 10 cents to end at $1.25 after investors ended trading 41 units, Main Event lost 35 cents in closing at $11 with an exchange of 200 shares being traded at the close. Medical Disposables slipped 10 cents and ended at $1.90 in an exchange of 24,933 units, Paramount Trading increased 13 cents to close at $1.13 with 52,739 stocks changing hands, Regency Petroleum fell 26 cents to finish at $2.85 as investors exchanged 2,576,597 stock units. Stationery and Office Supplies climbed 7 cents to $1.57 after a transfer of 64,174 shares and tTech rallied 28 cents to end at $1.68 with investors trading 11,702 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Rising stocks lift Trinidad & Tobago stock Exchange on Tuesday

February 11, 2025 by
Rising stocks lifted the Trinidad and Tobago Stock Exchange on Tuesday, with investors trading 18 securities, up from 16 on Monday, resulting in the prices of five rising, six declining and seven ending firm with the major market indices rising after trading ended with an 83 percent drop in the volume of stocks changing hands valued 64 percent less than Monday’s levels.

The market closed with 70,323 shares trading for $892,844 down sharply from 404,700 stock units at $2,458,018 on Monday.
Trading ended with an average of 3,907 shares changing hands at $49,602, well below 25,294 units at $153,626 on Monday, with trading for the month to date averaging 18,965 shares at $98,682 down from 21,428 units at $106,712 on the previous day and an average of 17,669 shares at $153,409 in January.
The Composite Index popped 1.99 points to finish at 1,070.45, the All T&T Index gained 4.26 points to settle at 1,579.09, the SME Index remained unchanged at 96.65 and the Cross-Listed Index dipped 0.06 points to 73.64.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and five with lower offers.
At the close of a slow day of trading, Agostini’s lost 30 cents to end at $68.20 in swapping owners of 230 stocks, Ansa McAl dipped 50 cents to end at $59 as investors exchanged just 2 shares, Calypso Macro Investment Fund ended at $23.75 after just one stock units passed through the market. CIBC Caribbean Bank remained at $8 in exchanging 60 units, CinemaOne fell 10 cents in closing at $5.40 with investors trading a mere two stock units, Endeavour Holdings remained at $19 with an exchange of 10 shares. Eric Solis Marketing ended at $4.20 while 55 stock units were trading, First Citizens Group popped 17 cents in closing at $42.16 after an exchange of 4,086 stocks, GraceKennedy declined 7 cents to close at $3.73 with investors trading 3,235 units. Massy Holdings ended at $3.90 with 31,356 stocks changing hands, National Enterprises lost 3 cents to finish at $2.69 with investors dealing in 1,181 shares, National Flour Mills advanced 4 cents and ended at $1.69 with a transfer of 1,002 stock units. NCB Financial remained at $2.39, with 17,180 shares crossing the exchange, Prestige Holdings sank 15 cents and ended at $10.85 in trading 500 stocks, Republic Financial rose 1 cent to finish at $113.31 with 3,502 units crossing the market. Scotiabank remained at $56 in an exchange of 1,570 stock units, Trinidad & Tobago NGL climbed 9 cents to end at $4.69 with traders dealing in 1,060 shares and West Indian Tobacco increased 1 cent in closing at $5.40 after 5,291 stocks crossed the market .

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

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , , , , ,

JSE Main Market rallies to start week

February 10, 2025 by
Trading ended with gains for the Jamaica Stock Exchange Main Market on Monday, despite losers beating out winners at the close of the market 26 to 21 rising, with 16 ending unchanged, with the volume of stocks traded falling 52 percent as the value climbed 17 percent over that on Friday, resulting from trading in 63 securities compared with 61 on Friday.

The market closed with 8,404,948 shares being traded for $117,857,156 compared with 17,554,244 stock units at $100,875,544 on Friday.
Trading averaged 133,412 shares at $1,870,749 compared to 287,774 stocks at $1,653,697 on Friday and for the month to date, an average of 186,182 units at $1,816,134 versus 197,154 shares at $1,804,779 on the previous day and January with an average of 257,074 stock units at $2,582,065.
Wigton Energy led trading with 3.68 million shares for 43.8 percent of total volume followed by Transjamaican Highway which ended with 2.0 million stocks for 23.8 percent of the day’s trade and Barita Investments with 1.0 million stock units for 11.9 percent of the day’s trade.
The All Jamaican Composite Index rose 1,249.82 points to end at 382,033.22, the JSE Main Index gained 934.29 points to conclude trading at 330,743.88 and the JSE Financial Index rose 0.08 points to end at 68.05. The Investor’s Choice bid-offer indicator shows 15 stocks ending with bids higher than their last selling prices and three with lower offers.
The Main Market ended trading with an average PE Ratio of 14.5. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close of the market, Caribbean Cement declined $2.99 to close at $83.01 with 42,531 stock units being traded at the close of the day, Eppley gained $1.20 to $36 with 2,335 shares passing through the market, Guardian Holdings dropped $5.50 in closing at $303.50 with 1,879 stocks switching owners. Jamaica Broilers lost 58 cents to finish at $36.41 with investors swapping 9,539 units, Kingston Wharves sank 80 cents and ended at $30.19 with 2,599 stocks crossing the market, Margaritaville dropped 48 cents to $14.20 as investors exchanged 6,979 units. Massy Holdings popped $1.30 to $83.70 with 3,124 shares crossing the market, Pan Jamaica shed $1.09 to close at $52.90 after an exchange of 1,621 stock units, Scotia Group fell $1.57 in closing at $55.40 with investors trading 132,468 shares. Supreme Ventures dipped 60 cents in ending at $20 with 175,407 units crossing the exchange and Sygnus Credit Investments skidded 49 cents to finish at $12.25 with investors dealing in 10,684 stocks.
In the preference segment, 138 Student Living preferred share increased $19.32 to end at $320 in an exchange of 36 stock units. Productive Business Solutions 10.5% preference share jumped $109.99 in closing at $1,099.99 with investors trading a mere 2 shares and Sygnus Credit Investments C10.5% rose $4.48 to $107.98 after a transfer of 2,445 units.
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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,