7 all for Trinidad Stock Exchange

November 5, 2024 by
Stocks ended with the spoils evenly split between stocks rising, declining and ending unchanged at the close of the Trinidad and Tobago Stock Exchange on Tuesday, following the trading of 21 securities up from 16 on Monday, with prices of seven stocks rising, seven declining and seven ended firm following a 62 percent fall in the volume of stocks traded with the value surging 242 percent over that on Monday.

The market closed with trading of 104,402 shares valued at $2,827,691 compared to 277,593 stock units at $825,974 on Monday. An average of 4,972 shares were traded at $134,652 compared with 17,350 stock units at $51,623 on Monday, with trading month to date averaging 17,930 shares at $103,386 compared with 26,176 units at $83,492 on the previous day and an average for October of at 39,057 shares at $305,306.

The Composite Index popped 4.72 points to wrap up trading at 1,043.30, the All T&T Index rose 9.02 points to end at 1,571.78, the SME Index remained at 88.01 and the Cross-Listed Index gained 0.02 points to 66.88.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Agostini’s remained at $62.45 with investors trading 226 stocks, Angostura Holdings ended at $16 with 38 units crossing the market, Ansa Merchant Bank declined 19 cents to end at $41 in an exchange of 12 shares. Calypso Macro Investment Fund lost 40 cents in closing at $23.60 with 857 stock units changing hands, First Citizens Group remained at $40.45 after 1,036 shares crossed the exchange, FirstCaribbean International Bank ended at $7.05 with investors trading 3,751 stocks. GraceKennedy dipped 1 cent to $3.59 with 1,270 stock units clearing the market, Guardian Holdings popped 99 cents in closing at $14.50 after 200 stock units changed hands, Guardian Media increased 8 cents to finish at $1.48 with 2 shares crossing the market. JMMB Group sank 3 cents and ended at $1.02 after an exchange of 800 units, L.J. Williams B share ended at $1.08 after the trading of 1,805 stocks, Massy Holdings skidded 4 cents to end at $3.65 as investors exchanged 6,696 stock units. National Flour Mills remained at $1.70 with a transfer of 25,750 shares, One Caribbean Media climbed 9 cents to $3 with investors swapping 570 stock units, Prestige Holdings rose 25 cents to end at a 52 weeks’ high of $10.75 in switching ownership of 9 stocks. Republic Financial advanced $1 to close at $113 with traders dealing in 21,718 units, Scotiabank gained $1.50 to finish at $58.50 in an exchange of 130 stocks, Trinidad & Tobago NGL fell 10 cents to a 52 weeks’ low of $4.50 with investors trading 24,316 shares. Trinidad Cement dropped 6 cents to $2.73 after an exchange of 20 units, Unilever Caribbean rallied 49 cents to end at $11.49 with investors dealing in 413 stock units and West Indian Tobacco remained at $6 after a transfer of 14,783 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: , , , , , , , , , , , , , , , , , , , , , , , , ,

Trading climbs on JSE Main market

November 4, 2024 by
Trading surged on the Jamaica Stock Exchange Main Market ended on Monday, with the volume of stocks traded rising 177 percent as Transjamaican Highway dominated trading with the trading ending with a 34 percent higher value than on Friday, with trading in 64 securities up from 56 on Friday, with prices of 24 stocks rising, including Caribbean Cement that closed at a 52 weeks’ high of $75, 27 declined and 13 ended unchanged.

The market closed with 34,121,468 shares trading for $124,264,644 up from just 12,322,346 stock units at $92,478,739 on Friday.
Trading averaged 533,148 shares at $1,941,635 compared to 220,042 stocks at $1,651,406 on Friday and month to date, an average of 387,032 stock units at $1,806,195 compared with October with an average of 205,025 stock units at $2,311,672.
Transjamaican Highway led trading with 29.52 million shares for 86.5 percent of total volume followed by Sagicor Select Financial Fund with 1.78 million units for 5.2 percent of the day’s trade and Wigton Energy with 910,857 stock units for 2.7 percent market share.
The All Jamaican Composite Index declined 524.20 points to close at 364,914.43, the JSE Main Index advanced 150.93 points to end at 317,745.18 and the JSE Financial Index rose 0.17 points to close trading at 66.15. The Investor’s Choice bid-offer indicator shows 12 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 14.4. 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, Carreras rallied 50 cents in closing at $11.50 after 219,637 stock units passed through the market, Eppley shed $3.44 to end at $34 with investors swapping 503 shares, Jamaica Broilers sank $2.17 to end at $36 following 49,789 units crossing the exchange. Jamaica Producers rose 97 cents and ended at $21.97 with traders dealing in 18,426 stocks, MPC Caribbean Clean Energy advanced $6.30 to finish at $84.30 with a mere 3 shares crossing the market, Proven Investments lost $1 to close at $19 with investors trading 9,173 stocks. Scotia Group popped 50 cents to $45.50 in switching ownership of 19,614 units, Sterling Investments dropped 52 cents in closing at $2.26 with investors dealing in 34,556 stock units and Sygnus Real Estate Finance sank 69 cents to close at $10.81 with a transfer of 583 shares.

In the preference segment, Eppley 7.25% preference share gained $3.39 and ended at $19.90 after investors ended trading of 15,000 units, Eppley 7.50% preference share climbed 40 cents to end at $6.40 with an exchange of 3,405 stocks, Jamaica Public Service 7% increased $4.17 to finish at $44.27 with 15 stock units changing hands and 138 Student Living preference share declined $38 and ended at $212 after a transfer of 7 shares.

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

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Steady Junior Market trades

November 4, 2024 by
Trading was fairly steady on the Junior Market of the Jamaica Stock Exchange Monday, with a 5 percent rise in the volume of stocks traded, with a 23 percent greater value than Friday with trading in all 48 listed securities up from 40 on Friday and ending with prices of 17 rising, 17 declining and 14 closing unchanged.

The market closed with trading of 5,503,198 shares for $10,659,278 up from 5,228,714 units at $8,674,718 on Friday.
Trading averaged 114,650 shares at $222,068 compared with 130,718 stocks at $216,868 on Friday with the month to date, averaging 121,954 units at $219,704 compared with October with an average of 196,034 shares at $399,810.
EduFocal led trading with 883,939 shares for 16.1 percent of total volume followed by Dolla Financial with 582,700 units for 10.6 percent of the day’s trade and Spur Tree Spices with 501,299 stock units for 9.1 percent market share.
At the close of trading, the Junior Market Index gained 12.84 points to close trading at 3,805.43. The Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
The Junior Market ended trading with an average PE Ratio of 12.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close, Access Financial rallied $2.11 in closing at $20 with 17,363 stock units crossing the market, Cargo Handlers dipped $2.18 to $10.21 after an exchange of 26 shares, Dolla Financial increased 15 cents and ended at $3.50 with 582,700 stocks changing hands. Dolphin Cove fell 60 cents to end at $19.90 with traders dealing in 52,792 units, Everything Fresh popped 10 cents to finish at $2.40 in switching ownership of 9,668 stocks, Fontana slipped 8 cents to close at $8 with 37,117 units crossing the exchange. Indies Pharma gained 13 cents to close at $3.13 with investors trading 73,089 shares, ISP Finance lost 75 cents to end at $24 after an exchange of just 13 stock units. 

Jetcon Corporation rose 7 cents in closing at $1.18 with investors trading 69,870 shares. JFP Ltd advanced 12 cents to finish at $1.09 with investors dealing in 15,968 stock units, Limners and Bards skidded 22 cents and ended at $1.23 with 164,211 units clearing the market, Lumber Depot slipped 10 cents to close at $2.70 with an exchange of 19,292 stocks. Mailpac Group shed 8 cents to end at $2.57 and closed with 14,878 shares being traded, Regency Petroleum dropped 9 cents and ended at $2.90 with investors swapping 460,971 stocks and Spur Tree Spices sank 11 cents to close at $1.83 after 501,299 units passed through the market.

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

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Rising stocks put TTSE higher

November 4, 2024 by
Rising stocks moved the Trinidad and Tobago Stock Exchange higher on Monday, resulting from trading in 16 securities compared with 17 on Friday and ending with prices of three rising, five declining and eight ending firm, following a 53 percent drop in the volume of stocks traded with 57 percent lower value than on Friday.

The market closed with trading of 277,593 shares for $825,974 up from 586,212 stocks at $1,929,348 on Friday.
An average of 17,350 shares were traded at $51,623 compared with 34,483 stock units at $113,491 on Friday, with trading month to date averaging 26,176 stocks at $83,492 compared with an average for October of 39,057 units at $305,306
The Composite Index climbed 2.59 points to end at 1,038.58, the All T&T Index rallied 5.32 points to finish at 1,562.76, the SME Index remained unchanged at 88.01 and the Cross-Listed Index slipped 0.05 points to settle at 66.86.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s remained at $62.45 after 15 stock units passed through the market, Ansa McAl ended at $60 after an exchange of 37 shares, Calypso Macro Investment Fund popped 40 cents and ended at $24 with 901 stocks clearing the market. First Citizens Group increased 4 cents to end at $40.45 in an exchange of 2,914 units, FirstCaribbean International Bank lost 1 cent in closing at $7.05 with investors trading 4,499 shares, GraceKennedy remained at $3.60 in an exchange of 20 stock units. JMMB Group climbed 3 cents to $1.05 with traders dealing in 29 stocks, L.J. Williams B share sank 19 cents to end at a 52 weeks’ low of $1.08 in switching ownership of 7,929 units, Massy Holdings fell 1 cent in closing at $3.69 with 36,923 stocks crossing the market. National Enterprises dipped 1 cent and ended at $2.73 in trading 11 units, National Flour Mills ended at $1.70 after an exchange of 30 shares, NCB Financial remained at $2.15 with a transfer of 223,349 stock units. Prestige Holdings ended at $10.50 as investors exchanged 590 shares, Republic Financial ended at $112 with 112 units changing hands, Scotiabank shed $1.50 in closing at $57 with investors swapping 128 stocks and West Indian Tobacco remained at $6 and closed after an exchange of 106 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: , , , , , , , , , , , , , , , , , , , ,

Caribbean Assurance biggest ICTOP10 mover

November 2, 2024 by
Stocks gained by 3 percent in value on the Jamaica Stock Exchange at the close of the week with the the All Jamaica Composite Index rising over 10,417 points and the Junior Market rising by 106 points as 6 stocks in the Junior Market TOP10 rose with 4 falling by 7 percent or less while in the Main Market TOP10 only three stocks gained by 5 percent or less while 4 declined by 11 percent and less.

Guardian Holdings continues to hold on to the number one buy position by a wide margin, in all markets as well as the All JSE TOP10. Caribbean Cream holds the number one spot in the Junior Market followed by Elite Diagnostic, last weeks’ number three holder. The All JSE TOP10 is compiled from all ordinary stocks listed on the Jamaica Stock Exchange with the highest potential to gain, based on projected 2024 earnings. This list is more exact than the Junior and Main Market TOP10 lists.
In the Junior Market ICTOP10, Caribbean Assurance Brokers rose 17 percent to close at a $3.57, as it continues to bob and weave between the low and high $3 range, followed by Lasco Financial with a 16 percent gain to $1.85 and Caribbean Cream added 9 percent to close the week at $3.44, with supply overhang at $3.45 holding it back along with minimal buying interest currently. tTech and One great Studio fell 7 percent to $2.14 and 65 cents respectively.
In the Main Market ICTOP10, JMMB Group popped 5 percent to $23.91. Key Insurance suffered an 11 percent drop, to close at $2.24 and Pulse Investments lost 8 percent to end at $1.60.
Lasco Financial fell out of the Junior Market IC TOP10 and is replaced by Iron Rock Insurance that returns after a one week absence. There were no changes to JSE Main Market ICTOP 10.
The average PE for the JSE Main Market ICTOP 10 stands at 5.2, well below the market average of 14.5 and the Junior Market TOP10 sits at 6.8, just more than half of the market, with an average of 12.3
The Main Market ICTOP10 is projected to gain an average of 297 percent by May 2025, based on 2024 forecasted earnings and provide better values than the Junior Market with the potential to achieve 207 percent over the same period.
In the Main Market ICTOP 10, a total of 17 of the most highly valued stocks representing 33 percent of the Main Market have PEs between 15 to 108, with an average of 29 and 21 excluding the highest PE ratios, and a PE of 24 for the top half of the market with the highest values and 18 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 13 stocks, 27 percent of the market, with PEs ranging from 15 to 25 with an average of PE of 17 and a PE of 16 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. 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 will likely deliver the best returns on or around May 2025 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.
Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated, Feature Stories, Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , , , , , , , , ,

3% rally for JSE Main Market for week

November 1, 2024 by
New yearly highs in individual stocks helping to market in gaining 3 percent in value for the week greeted the new month of November at the close of trading on the Jamaica Stock Exchange Main Market on Friday as the market was pushed higher for two consecutive days even as the volume and the value of stocks traded declining by 55 percent and 42 percent respectively compared to trading on Thursday, with activities in 56securities compared with61on Thursday, with prices of 28stocks rising, 15 declining and 13 ending unchanged.

The market closed with 12,322,346 shares being traded with a value of $92,478,739 down from 27,500,921 stocks amounting to  $159,469,871 on Thursday.
Trading averaged 220,042 shares at $1,651,406 compared to 450,835 stocks at $2,614,260 on Thursday and October with an average of 205,025 stock units at $2,311,672.
QWI Investments led trading with 2.93 million shares for 23.8 percent of the total volume followed by Transjamaican Highway with 1.63 million stocks for 13.2 percent of the day’s trade, Radio Jamaica with 1.37 million stock units for 11.2 percent market share, Sagicor Select Financial Fund with 1.22 million units for 9.9 percent market share and Jamaica Producers with 1.17 million shares for 9.5 percent of total volume.
The All Jamaican Composite Index climbed 1,703.81 points to end at 365,438.63, the JSE Main Index advanced 2,601.00 points to end the day at 317,594.25 and the JSE Financial Index slipped 0.18 points to 65.98. The Investor’s Choice bid-offer indicator shows seven 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 14.5. 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 market activities, Berger Paints climbed 46 cents to finish at $8 in an exchange of 925 shares, Caribbean Cement rose 95 cents and ended at 52 weeks high of $74.95 with 2,373 stocks being traded, Guardian Holdings  gained $1 to $315 after a transfer of  1,199 shares. Jamaica Broilers popped $1.19 to end at $38.17 in switching ownership of 424,500 stock units, Jamaica Producers dipped 97 cents in closing at $21 as investors exchanged 1,170,000 shares, Key Insurance fell 40 cents to end at $2.24 with 12,406 units changing hands. Kingston Wharves gained 47 cents to $28.47 with an exchange of 579 stocks, Lasco Manufacturing advanced 52 cents to close at a 52 weeks’ high of $8 after the hitting an intraday high of $9 with 177,269 stock units crossing the market. 

The move was a results of a sharp decline in the volume of stocks on offer over the past several weeks. Massy Holdings rallied $4.95 and ended at $78 with traders dealing in 100,104 shares, NCB Financial slipped 74 cents to end at $52 with 22,706 units crossing the exchange, Proven Investments sank 50 cents in closing at $20 with investors dealing in 111,449 stocks, Scotia Group dropped 50 cents to finish at $45 and closed with 76,631 stock units changing hands. Seprod sank $1.45 to $84.55 in trading 37 shares. Sterling Investments increased 49 cents to close at a 52 weeks’ high of $2.78 after an exchange of 397,156 units and Sygnus Real Estate Finance popped $1.05 and ended at $11.50 with a transfer of 48,324 stocks.

In the preference segment, Eppley 7.25%preference share declined $3.09 in closing at $16.51 after an exchange of 1,000 stock units and Jamaica Public Service 9.5% rallied $209.99 to end at $2,899.99 with investors trading just one share.
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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Trading dropped sharply on Junior Market

November 1, 2024 by
Trading dropped sharply on the Junior Market of the Jamaica Stock Exchange on Friday, compared to Thursday, with a 74 percent decline in the volume of stocks traded, with 80 percent lower value, following trading in 40 securities down from 45 on Thursday and ending with prices of 15 rising, 16 declining and nine closing unchanged.

The market closed with trading of 5,228,714 shares for $8,674,718 compared to 20,497,379 stock units at $43,414,703 on Thursday.
Trading averaged 130,718 shares at $216,868 compared with 455,497 stocks at $964,771 on Thursday with the month to date and October with an average of 196,034 shares at $399,810.
ONE on ONE Educational led trading with 1.50 million shares for 28.7 percent of total volume followed by JFP Ltd with 1.32 million units for 25.3 percent of the day’s trade and Fosrich with 543,515 stock units for 10.4 percent market share.
At the close of trading, the Junior Market Index slipped 19.29 points to close trading at 3,792.59. The Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and eight with lower offers.
The Junior Market ended trading with an average PE Ratio of 12.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close, Access Financial declined $2.11 to finish at $17.89 with just 20 stock units crossing the market, Blue Power rose 7 cents to $4.39 in switching 1,981 shares, Caribbean Assurance Brokers advanced 27 cents to $3.57 with investors trading 66,980 stocks. Derrimon Trading popped 12 cents to close at $2.10 in an exchange of 20 units, Everything Fresh lost 15 cents in closing at $2.30 after 1,000 shares passed through the market, Fontana skidded 11 cents to end at $8.08 as investors exchanged 16,520 units. Future Energy sank 8 cents to $3.82 with 209,356 stocks changing hands, Honey Bun increased 48 cents and ended at $8.70 with investors trading 37,305 stock units, Indies Pharma dipped 17 cents to close at $3 after an exchange of 308,713 shares. Jamaican Teas fell 9 cents in closing at $2.26 with investors swapping 20,100 stocks, JFP Ltd dropped 19 cents to finish at 97 cents in an exchange of 1,324,209 units, Knutsford Express climbed 11 cents to end at $12.55 with traders dealing in 3,894 stock units. Mailpac Group shed 15 cents in closing at $2.65 after an exchange of 30,550 shares, One Great Studio fell 10 cents to a 52 weeks’ low of 65 cents with a transfer of 251,763 units and Tropical Battery slipped 7 cents to finish at $2.35 with 63,630 stocks clearing the market.

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

Another steady week for Trinidad stocks

November 1, 2024 by
In a holiday shortened week the Composite Index of the Trinidad and Tobago Stock Exchange closed the week higher, at the same time that the All Trinidad index slipped just over 1 point, with prices of 7 stocks falling and six rising.

Trading left the PE ratios of the majority of stocks to be attractively prices with big upside gains ahead.
The average PE ratio of the market is 9.8 versus 10.7 last week compared to 5.3 based on the current year’s earnings. The huge difference between the two shows the undervalued level of the market currently is and the extent of the upside that lies ahead.
The only winning stocks of note for the week are Scotiabank up $2.15 to $58.50, Unilever Caribbean with a gain of 75 cents and Guardian Holdings with a gain of 26 cents. Calypso Investment Fund lost 40 cents to close at $23.60 and LJ Williams lost 22 cents in closing at $1.27.
Stocks that could gain more than 100 percent when the market comes back to life, include, First Caribbean with a possible gain of 250 percent, but the high level of potential supply may stifle this stock from achieving its full potential, Guardian Holdings at 500 percent, Republic Holdings at 110 percent, Massy Holdings at 120 percent, Trinidad Cement with 270 percent, Eric Solis 400 percent and One Caribbean Media with 300 percent.

Filed Under: Stock Market, Stocks to watch, TTSE Market Tagged With: , , , , , , , , , , , , , , , ,

Winning stocks lift Trinidad stock market

November 1, 2024 by
Stocks mostly gained on the Trinidad and Tobago Stock Exchange on Friday, resulting from trading in 17 securities up from 12 on Wednesday and ending with prices of seven stocks rising, two declining and eight ending firm, following a 713 percent surge in the volume of stocks traded with a 259 percent jump in value compared with Wednesday, the day ahead of the holiday break on Thursday.

The market closed with the trading of 586,212 shares valued at $1,929,348 compared with 72,099 stock units at $537,446 on Wednesday.
An average of 34,483 shares were traded for $113,491 compared with 6,008 units at $44,787 on Wednesday and an average in October of 39,057 stock units at $305,306.
The Composite Index rose by 1.38 points to end at 1,035.99, the All T&T Index rallied 1.56 points to 1,557.44, the SME Index remained unchanged at 88.01 and the Cross-Listed Index climbed 0.17 points to 66.91.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of trading, Agostini’s ended at $62.45 after just 4 shares passed through the market, Angostura Holdings remained at $16 with investors dealing in 20 stocks, Calypso Macro Investment Fund dropped 40 cents to $23.60 with 4,060 shares clearing the market. First Citizens Group ended at $40.41 with investors trading 2,095 stocks, FirstCaribbean International Bank rose 1 cent to finish at $7.06 with 1,408 shares crossing the market, Guardian Holdings gained 1 cent and ended at $13.51 with a transfer of 3,173 stocks. JMMB Group popped 2 cents to $1.02 after an exchange of 350,000 units, Massy Holdings climbed 10 cents to finish at $3.70 in trading 101,670 stock units, National Enterprises fell 7 cents and ended at $2.74 after an exchange of 3,632 shares. NCB Financial remained at $2.15 after in closed with a exchange of 105,777 stock units, Point Lisas ended at $3.20 with traders dealing in 30 units, Prestige Holdings remained at $10.50 with 21 stocks changing hands. Republic Financial increased 19 cents to $112 after the trading of 6,063 shares, Scotiabank jumped $1.89 in closing at $58.50 with an exchange of 50 stock units, Trinidad & Tobago NGL rallied 10 cents to end at $4.60 with 5,009 units crossing the market. Unilever Caribbean remained at $11 in switching ownership of 1,000 stocks and West Indian Tobacco ended at $6 after a transfer of 2,200 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: , , , , , , , , , , , , , , , , , , , , ,

Lasco Manufacturing tops Main Market

November 1, 2024 by
Two recently promoted Junior Market stocks head the top performing stocks to the end of October on the Jamaica Stock Exchange Main Market with a rise of 75 percent and 40 percent following b full year results for 2023 into 2024.

Lasco Manufacturing, a former Junior Market listed stock and producer of beverages and a range of other household products top the list of top performing Main Market stocks with a large margin following an outstanding run of 75 percent, followed by General Accident up a respectable 40 percent in the ten months period. Lasco traded at a new 52 weeks’ high subsequent to the month end at $9 for a rise of 109 percent, if the price holds at the end of the day. The company should release results in a matter of days and has seen declining offers for sale in recent weeks.

The market ended the year to date with ten stocks gaining 21 percent and over while the Main Market index fell 3.3 percent for the year to date. Overall, 24 stocks gained and 23 declined. As was the case in the Junior Market, the main feature of rising stocks is increased profits of the companies.

First Rock and Wigton Wind Farms tied for the third spot of the best performers with gains of 38 percent with QWI Investments with a gain of 30 percent Transjamaican Highway was sixth with a 28 percent rise.
RJR Group delivered a 35 percent fall to lead the losing stocks, followed by NCB Financial Group, with a fall of 25 percent, Proven Investments declined by 23 percent, Salada Foods, 21 percent and Supreme Ventures down 19 percent.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , ,