The Junior Market of the Jamaica Stock Exchange made a solid gain on Tuesday that almost brought it back on level terms with the yearend close following a 43 percent rise in the volume of stocks traded after the value passing through the market jumped 66 percent over Monday trades with trading taking place in 46 securities versus 47 on Monday and ended with 20 rising, 18 declining and eight closing unchanged.
A total of 8,136,775 shares were traded for $22,350,006, up from 5,698,340 units at $13,425,978 on Monday.
Trading averaged 176,886 shares at $485,870 compared to 121,241 units at $285,659 on Monday with the month to date averaging 165,183 units at $432,019 compared to 162,801 stock units at $421,058. December closed with an average of 333,420 units at $925,533.
MFS Capital Partners led trading with 2.23 million shares for 27.4 percent of total volume followed by Dolla Financial with 1.24 million units for 15.3 percent of the day’s trade and Regency Petroleum with 868,173 units for 10.7 percent market share.
At the close, the Junior Market Index jumped 56.12 points to close at 3,959.97.
The PE Ratio, a measure of computing appropriate stock values, averages 12.8. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for the financial year ending that fall between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, AMG Packaging gained 42 cents ending at $3.30 in trading 31,975 shares, Caribbean Assurance Brokers lost 26 cents to close at $1.90 with the swapping of 301,331 stock units, Caribbean Cream popped 66 cents to close at $4.65 as investors exchanged 42,188 stocks. Consolidated Bakeries lost 28 cents to finish at $1.96 in transferring 70,490 units, EduFocal rose 13 cents to $2.23 after an exchange of 199,042 stock units, Fontana popped 15 cents to end at $9 with investors transferring 26,731 stocks. Future Energy Source gained 10 cents in closing at $5 after trading 153,501 units, Honey Bun rose 57 cents to $7.77 with a transfer of 1,466 shares, iCreate rallied 14 cents to end at $1.84 with the swapping of 171,714 shares. ISP Finance jumped $7 to $25 in switching ownership of 19,364 units, Jamaican Teas popped 11 cents to $2.63 trading 118,793 stocks, Mailpac Group dipped 12 cents to t $2.03 after 23,735 stock units passed through the market. Main Event rallied 15 cents in closing at $8.60 in exchanging 4,530 shares, Medical Disposables gained 59 cents to finish at $5.23 with 368 units changing hands, MFS Capital Partners advanced 25 cents to $3.14 in exchanging 2,230,775 stocks. ONE on ONE Educational dropped 9 cents to $1.25 after clearing the market with 448,728 stock units, Paramount Trading shed 10 cents to close at $1.70 in switching ownership of 5,012 stocks and Regency Petroleum rose 8 cents in closing at $1.58 trading 868,173 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trinidad stocks in positive territory for 2023
Trading picked up on the Trinidad and Tobago Stock Exchange on Tuesday, leading the market indices to rise and pushing the market into a positive position for the year to date after a 416 percent rise in the volume of stocks traded and a 121 percent increase in value over Monday, resulting in 20 securities trading up from 13 on Monday, with prices of ten stocks rising, five declining and five remaining unchanged.
Investors traded 357,597 shares for $1,924,794, down from 69,361 stock units at $869,380 on Monday. An average of 17,880 units were traded at $96,240 compared to 5,335 shares at $66,875 on Monday, with trading month to date averaging 36,381 shares at $386,694 versus 41,382 units at $465,195 on the previous day. The average trade for December amounts to 42,745 at $474,822.
The Composite Index gained 5.72 points to close at 1,336.75, the All T&T Index rallied 6.68 points to 2,008.43 and the Cross-Listed Index rose 0.66 points to settle at 86.51.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Angostura Holdings remained at $23.50 with a transfer of 2,699 shares, Ansa Merchant Bank popped $1 to $45 while exchanging 33 stock units, Calypso Macro Investment Fund ended at $21 with 183 units clearing the market. CinemaOne lost 20 cents in closing at $8 in switching ownership of 102 stocks, First Citizens Group dipped 1 cent to end at $50 in an exchange of 2,347 stock units, FirstCaribbean International Bank rallied 10 cents to $5.70 2,200 stocks changing hands. GraceKennedy climbed 9 cents to close at $4.44 in an exchange of 1,847 units, JMMB Group rose 5 cents to end at $2 after exchanging 19 shares, L.J. Williams B share advanced 5 cents to $2.75 with investors transferring 9,919 stock units. Massy Holdings remained at $4.70 with the swapping of 120,389 units, National Enterprises increased 19 cents in closing at $3.80 with 138,592 shares passing through the market, NCB Financial shed 1 cent to close at $4.51 in trading 34,000 stocks. One Caribbean Media ended at $3.30 as investors exchanged 1,003 shares, Prestige Holdings gained 28 cents ending at $6.99 after an exchange of 35,168 stocks, Republic Financial gained 50 cents to end at $138 in trading 231 stock units. Scotiabank advanced 68 cents to end at $78, with 193 units crossing the market, Trinidad & Tobago NGL dropped 30 cents to $21.50 with an exchange of 5,322 shares, Trinidad Cement ended at $3.90 after an exchange of 400 stock units. Unilever Caribbean popped 9 cents to close at $12.89 after a transfer of 1,291 stocks and West Indian Tobacco dipped 5 cents in closing at $21.95, with 1,659 units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps for JSE USD Market
Trading picked up sharply on the Jamaica Stock Exchange US dollar market on Monday, with the volume of stocks changing hands rising 92 percent and the value surging 472 percent more than on Friday, resulting in eight securities traded, compared to 13 on Friday with prices of four rising, three declining and one ending unchanged.
A total of 534,157 shares were traded for US$64,761, up sharply from 278,776 units at US$11,314 on Friday.
Trading averaged 66,770 shares at US$8,095 compared with 21,444 units at US$870 on Friday, with month to date average of 40,361 shares at US$2,179 compared with 34,801 units at US$934 on the trading previous day. December ended with an average of 39,679 units for US$1,494.
The JSE US Denominated Equities Index lost 2.03 points to end at 231.78.
The PE Ratio, a measure used in the computation of appropriate stock values, averages 8.6. The PE ratio uses ICInsider.com earnings forecasts for financial years between November and August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and four with lower offers.
At the close, First Rock Real Estate USD share climbed 0.11 of a cent to close at 7.87 US cents after a transfer of 441 shares, MPC Caribbean Clean Energy dipped 5 cents in closing at 60 US cents in exchanging 360 units, Proven Investments increased 0.59 of one cent in ending at 19.89 US cents, with 319,970 stock units clearing the market. Sygnus Credit Investments USD share rallied 0.01 of a cent to 10 US cents in trading 9,000 stocks, Sygnus Real Estate Finance USD share slipped 0.01 of a cent to 12.47 US cents in an exchange of 1,000 shares and Transjamaican Highway ended at 0.97 of one US cent after an exchange of 203,141 units.
In the preference segment, Productive Business 9.25% preference share shed US$1.45 to end at US$10.55 after 200 stock units passed through the market and JMMB Group 5.75% rose 22.65 cents to US$1.7365, with 45 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sharp drop in trading on T&T Stock Exchange
Trading dropped sharply on Trinidad and Tobago Stock Exchange on Monday, with an 89 percent fall in the volume of stocks exchanged, after the value dived 94 percent below Friday’s outcome, resulting in 13 securities trading compared with 20 on Friday, with one stock rising, four declining and eight remaining unchanged.
Investors traded a mere 69,361 shares for just $869,380 down sharply from 657,504 stock units at $15,259,330 on Friday.
Trading averaged 5,335 shares at $66,875 down from 32,875 units at $762,966 on Friday, with trading month to date averaging 41,382 shares at $465,195 versus 49,064 units at $550,083 on the previous day. December ended with an average trade of 42,745 shares at $474,822.
The Composite Index fell 0.33 points to 1,331.03, the All T&T Index popped 1.99 points to 2,001.75 and the Cross-Listed Index slipped 0.39 points to 85.85.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than their last selling price and none with a lower offer.
At the close, Agostini’s remained at $50 with a transfer of 550 shares, Angostura Holdings ended at $23.50 with an exchange of 1,089 stock units, First Citizens Group closed at $50.01, with 2,029 units crossing the market. GraceKennedy fell 15 cents to end at $4.35 with an exchange of 246 stocks, JMMB Group ended at $1.95 as 4,500 stocks passed through the market, L.J. Williams B share ended at $2.70 after trading 4,000 units. Massy Holdings ended at $4.70 in exchanging 39,420 stock units, National Enterprises popped 2 cents in closing at $3.61, with 10,186 shares changing hands, Point Lisas dipped 9 cents to end at $3.41 in trading 100 stocks. Republic Financial lost $1 to end at $137.50 after finishing trading of 1,817 stock units, Scotiabank dropped 98 cents in closing at $77.32 after exchanging 1,898 units, Trinidad & Tobago NGL ended at $21.80 with 3,279 shares clearing the market and West Indian Tobacco remained at $22, with 247 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Steady week for ICTOP10
The Jamaica Stock Exchange pulled back from the pre new year’s bounce enjoyed in the last two weeks of 2022 and still retained some of those gains as trading commenced in the new year, with activity in the ICTOP10 quite muted and resulting in no new entrant to the Top Stock list, but there were a few outstanding price movements.
Junior Market action resulted in General Accident popping 11 percent to $4.91, followed by Lasco Distributors with a 5 percent rise to $2.63, but Paramount Trading lost 23 percent to close at $1.53 in a week when only three stocks declining, with the others slipping just one percent.
In the Main Market, Guardian Holdings dropped 8 percent to $524 and Jamaica Broilers fell 4 percent to $29.61 and were the only notable price changes.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.6, well below the market average of 14.4. At the same time, the Junior Market Top 10 PE sits at 6.1 versus the market at 12.7, important indicators of the level of the undervaluation of the ICTOP10 stocks. The Junior Market is projected to rise by 231 percent and the Main Market TOP10, an average now of 278 percent, to May 2023.
The Junior Market has 15 stocks, 32 percent of the market, with PEs from 15 to 32, averaging 19 compared with the above average of the market. The top half of the market has an average PE of 18 and shows the extent of potential gains for the TOP10 stocks. The situation in the Main Market is similar, with the 19 highest valued stocks priced at a PE of 15 to 100, with an average of 31 and 23 excluding the highest valued ones and 26 for the top half excluding the highest valued stock.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market but not always. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Look out for the 2023 TOP15 stock listing that is coming soon.
Persons who compiled this report may have an interest in securities commented on in this report.
Rising stocks edged out by those falling
Falling stocks edged out rising ones at the end of market activity on the Trinidad and Tobago Stock Exchange on Friday, with a 62 percent decline in the volume of stocks traded after funds entering the market jumped 90 percent above that on Thursday and resulted in 20 securities trading up from 15 on Thursday and ended with prices of seven rising, eight declining and five remaining unchanged.
Investors traded 657,504 shares for $15,259,330 versus 1,737,000 units at $8,045,167 on Thursday.
An average of 32,875 stock units were traded at $762,967 compared with 115,800 shares at $536,344 on Thursday, with trading month to date averaging 49,064 shares at $550,083 versus 56,960 units at $446,237 on the previous day. The average trade for December was 42,745 at $474,822.
The Composite Index dipped 1.11 points to 1,331.36, the All T&T Index rose 4.48 points to 1,999.76 and the Cross-Listed Index slipped 0.99 points to close at 86.24.
Investor’s Choice bid-offer indicator shows three stocks ending with a bid higher than their last selling prices and one stock with a lower offer.
At the close, Angostura Holdings remained at $23.50 in an exchange of 4,000 shares, Ansa McAl dipped 85 cents to end at $51 with the swapping of 1,084 stocks, Calypso Macro Investment Fund fell 15 cents to $21, with 14 units crossing the market. CinemaOne declined 21 cents to $8.20 in switching ownership of one stock unit, First Citizens Group popped 1 cent to $50.01, with 256,436 stocks clearing the market, FirstCaribbean International Bank dropped 10 cents to $5.60 in exchanging 212,310 stock units. GraceKennedy shed 20 cents to end at $4.50, with 50,107 units crossing the market, Guardian Holdings advanced 35 cents to close at $27.50 with trading in five shares, JMMB Group inched 1 cent higher to $1.95 trading 37,754 shares. L.J. Williams B share gained 35 cents in closing at $2.70 while exchanging 1,000 units, Massy Holdings rose 20 cents to $4.70 as investors exchanged 21,224 stock units, National Enterprises lost 1 cent to end at $3.59 with investors transferring 18,495 stocks. NCB Financial rose 2 cents in closing at $4.52 after an exchange of 5,000 stocks, One Caribbean Media ended at $3.30 with a transfer of 30,320 shares, Prestige Holdings declined 9 cents in ending at $6.71, with an exchange of 4,500 stock units. Scotiabank popped 30 cents to end at $78.30 after 3,343 units changed hands, Trinidad & Tobago NGL dropped $1.20 to close at $21.80, while 4,402 stock units passed through the market, Trinidad Cement ended at $3.90 after a transfer of 3,000 shares. Unilever Caribbean remained at $12.80 with an exchange of two units and West Indian Tobacco remained at $22 in trading 4,507 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.