Emerging markets — Page 166

Month end dip for Trinidad Exchange

October 31, 2022 by IC Insider.com

Trading ended with the volume of stocks exchanged rising 39 percent with the value 27 percent lower than on Friday at the close of the Trinidad and Tobago Stock Exchange on Monday, resulting in 22 securities changing hands up from 18 on Friday, with prices of four rising, nine declining and nine remaining unchanged.
Trading resulted in a total of 370,618 shares changing hands for $2,662,459 versus 265,800 stock units at $3,622,246 on Friday.
An average of 16,846 shares were exchanged at $121,021 compared with 14,767 shares at $201,236 on Friday, with trading month to date averaging 29,755 shares at $358,163 compared with 30,591 units at $373,508 on the previous trading day. The average trade for September ended with 45,817 stock units at $463,533.
The Composite Index shed 5.12 points to 1,315.51, the All T&T Index fell 5.87 points to 1,965.58 and the Cross-Listed Index slipped 0.60 points to settle at 86.78.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s remained at $43, trading 39 shares, Angostura Holdings ended at $24.95 after 120 stocks crossed the market, Ansa McAl remained at $53.80 as 91 units passed through the market. Clico Investment Fund dipped 10 cents to $29.90 with 3,701 stock units changing hands, Endeavour Holdings popped 10 cents to $7.10 in trading 1,000 stock units, First Citizens Group gained 5 cents to close at $50.10 with an exchange of 3,013 units. FirstCaribbean International Bank ended at $5 after an exchange of 9,940 stocks, GraceKennedy lost 20 cents in ending at $5 in switching ownership of 65,014 shares, Guardian Holdings advanced 14 cents to $25.20, with 6,141 stocks changing hands. JMMB Group ended at $2 in trading 100 shares, L.J. Williams B share increased 15 cents to $2.20 with an exchange of 21 units, Massy Holdings remained at $4.50, with 1,501 shares clearing the market. National Enterprises dipped 1 cent to $3.25 in exchanging 179,080 stocks, NCB Financial shed 21 cents in closing at $4.60 while trading 77,096 stock units, One Caribbean Media fell 10 cents to a 52 weeks’ low of $3.70 after closing with an exchange of 3,386 shares. Point Lisas remained at $3.25 after a transfer of 10 units, Republic Financial declined $2 in closing at $133 with 20 stock units changing hands, Scotiabank fell 85 cents to close at $77 after exchanging 7,929 shares. Trinidad & Tobago NGL dipped 5 cents to $22 with the swapping of 7,146 stocks, Trinidad Cement ended at $3.50 in an exchange of 200 units, Unilever Caribbean shed 14 cents to $12.90 with investors transferring 500 stock units and West Indian Tobacco remained at $22 as investors exchanged 4,570 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: Agostini's, Angostura Holdings, Ansa Mcal, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, Endeavour Holdings, First Caribbean International Bank, First Citizens, GraceKennedy, Guardian Holdings, JMMB Group, LJ Williams, Massy Holdings, National Enterprises, NCB Financial Group, One Caribbean Media, Point Lisas, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, Trinidad Cement, TTSE, Unilever Caribbean, West Indian Tobacco

Carib Cement post record profits

October 31, 2022 by IC Insider.com

Profits at Caribbean Cement Company for the nine months to September came in at a record $4.25 billion up 35.7 percent compared to $3.1 billion in 2021 and almost matches the $4.34 billion of profits for the 2021 fiscal year.
Profit of $1.2 billion after tax was realized for the quarter to September compared to just $44 million in the similar period in 2021, resulting in earnings per share of $1.42 in the 2022 quarter and $5 for the nine months, compared to $3.68 for the nine months in 2021.
Third quarter revenues were lower than that of the June quarter of $6.7 billion, with profit coming lower as well by $240 million. Profit for the full year could end up at $6.50 per share or close to that.
The record profit performance emanates from revenues that rose 12 percent the $6.2 billion in the 2022 September quarter compared to $5.5 billion in the similar quarter of 2021 and $19.7 billion for the nine months this year versus $17.8 billion dollars in 2021. The company had no major repairs and maintenance expenditures during the period to date, unlike in 2021.
Cost of sales for the September quarter this year came out at $3.4 billion compared to $4.4 billion in 2021 but was flat for the year to date compared to 2021 at $10.8 billion.
Yago Castro, the managing director in his report to shareholders in reference to the improved profit performance, stated “that it is primarily due to reduction of cost of sales as a percentage of net sales to 56 percent from 80 percent in the same period last year. This cost reduction was attributed to the company’s decision not to undertake its planned major maintenance through the third quarter of the year compared to 2021 which was executed in July to August, this postponement of the planned maintenance is attributed to the excellent output of some of the cement kiln this year as well as delay in the arrival of key spare parts needed to conduct the general overall works.”
Administrative and other operating expenses increased to $700 million from $592 million for the quarter and rose to $2 billion from 1.85 billion for the nine months. Finance costs rose from $112 million in the 2021 third quarter to $154 million in September 2022 quarter while the nine months cost rose from $412 million to just $430 million in 2022.

Carib Cement plant

Taxation absorb $517 million for the September 2022 two quarter versus $291 million in 2021 and $1.5 billion for the nine months to September 2022 versus $1.1 million in 2021.
Cash flow generated from operating activities amounted to $2.2 billion dollars in the quarter and $3.8 billion for the nine months after paying $1.17 billion in dividends, the company’s cash position improved by $300 million to $1.1 billion in the quarter.
At the end of the quarter shareholders’ equity stood at $18.75 billion, up from $14.8 billion in 2021. Borrowed funds amount to $1.8 billion. Current assets amounted to $7.5 billion while current liabilities ended the quarter at $8.2 billion.
The company announced plans earlier this year to expand the plant capacity by 30 percent which is slated to cost $40 million and is to be completed by the second half of 2024, the chairman of the company Paris-Lyew Ayee reported.
The stock last traded at $57.50 on Friday on the Main Market of the Jamaica Stock Exchange with a PE of 8.8 times this year’s earnings, which is well below the market average of 13.6.

Filed Under: Company News, Company Results Tagged With: Caribbean Cement, Caribbean Cement Company, Emerging markets, Jamaica Stock Exchange, Jamaican stocks

Promise for Junior Market TOP10

October 30, 2022 by IC Insider.com

In a week when Junior Market made a modest move higher, as it looks well positioned to break sharply higher, with third quarter results hitting the market in droves beginning this week, the Main Market closed at its lowest level since the year of covid-19, at the start of September 2020, but may not be far from bottoming.

Junior Market with wedge formation that looks poised to break sharply higher.

NCB Financial dropped to a 52 weeks’ low of $80 during Friday’s trading and was the main factor in the market two year low.
This week, Medical Disposables earnings were downgraded to a respectable 75 cents, which is inadequate to keep it in the ICTOP10 but remains a strong buy for investors to enjoy growth. Lasco Manufacturing rejoins the Junior Market ICTOP10.
Even as the junior market rose during the week, three of the top 10 stocks declined between 5 percent and 11 percent with no increases of note. The Main Market’s highest losers fell 7 percent, with no significant gains in the market listing.
Price changes worth noting include iron rock insurance, with an 11 percent fall to $2.22, followed by General Accident with a decline of 10 percent to $4.55, Paramount Trading lost 7 percent to $1.90. Caribbean Cream declined 6 percent to close the week at $3.86 in the Junior Market and in the Main Market, VVM Investments fell 7 percent to $4.60 while Productive Business Solutions slipped 6 percent to $1.30. JMMB Group was down 5 percent to $36.20.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of13.5, while the Junior Market Top10 PE sits at 5.6 versus the market at 12.9 , important indicators of the level of undervaluation of the ICTOP10stocks. The Junior Market is projected to rise by 243 percent and the Main Market TOP10 by an average of 256 percent to May 2023.
The Junior Market has 15 stocks representing a third of the market, with PEs from 15 to 39, averaging 22 compared with the above average of the market. The top half of the market has an average PE of 18.5. This data shows the extent of potential gains that the TOP 10 stocks possess. The situation in the Main Market is similar, with the 14 highest valued stocks priced at a PE of 16 to 76, with an average of 26 and 22 excluding the highest valued one and 21 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.

Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated, Stock Market, Stocks to watch Tagged With: Berger Paints, Caribbean Assurance Brokers, Caribbean Producers, Daily Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, General Accident, Guardian Holdings, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, JMMB Group, junior market, Key Insurance, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Productive Business Solutions, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

JSE Main market takes weekly hit

October 28, 2022 by IC Insider.com

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Trading activities surged sharply on Friday, with 589 percent more shares exchanged with a 192 percent rise in value on the Jamaica Stock Exchange Main Market than Thursday, with 52 securities trading down from 56 on Thursday, with 17 rising, 22 declining and 13 ending unchanged.
Three stocks traded at one year lows, with NCB Group hitting an intraday low of $80 before closing at a yearly low of $84.99, Pulse Investment closed at a low of $2.85 and Sagicor Select Financial Fund hit a year’s low of 36 cents but closed at 42 cents.
Investors traded 53,225,427 shares for $154,094,564, up sharply from 7,725,167 units at $52,758,028 on Thursday.
Trading averaged 1,023,566 units at $2,963,357 compared with 137,949 shares at $942,108 on Thursday and month to date, an average of 204,684 units at $1,480,424 versus 162,977 units at $1,404,898 on the prior day. September closed with an average of 533,719 units at $5,494,282.
Wigton Windfarm led trading with 46.56 million shares for 87.5 percent of total volume, followed by Sagicor Select Financial Fund with 2.23 million units for 4.2 percent of the day’s trade and Massy Holdings with 1.02 million units for 1.9 percent of market share.
The All Jamaican Composite Index shed 2,372.81 points to end at 398,290.49, down 9 percent for the year. The JSE Main Index fell 1,815.69 points to 348,226.07 to record a 12 percent decline in 2022 and the JSE Financial Index dropped 0.63 points to settle at 83.63.
The PE Ratio, a formula used to ascertain appropriate stock values, averages 13.5 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
The Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Eppley climbed $1.71 to $39.70 with an exchange of 95 shares, GraceKennedy lost $2 in closing at $87.50, with 58,446 stock units clearing the market, Jamaica Broilers declined 50 cents to close at $28.50 after exchanging 22,021 stocks. Jamaica Producers increased 55 cents to end at $17.85 as investors exchanged 389 units, JMMB Group fell $1.20 to $36.20 after finishing with investors dealing in 42,413 stock units, Massy Holdings rallied 97 cents to close at $81 in exchanging 1,019,351 units. Palace Amusement advanced 82 cents in closing at $827.82 after a transfer of 78 shares, Portland JSX dropped $1.20 to end at $9 after trading 1,689 stocks, Sagicor Group shed 50 cents ending at $50, with 59,518 units crossing the market. Scotia Group rose 60 cents to $36, closing with an exchange of 4,653 stocks, Seprod popped $2.84 to $71 with the swapping of 2,491 shares and Sygnus Real Estate Finance dipped 80 cents to end at $9.20 in an exchange of 300 stock units.
In the preference segment, 138 Student Living preference share dropped $6.90 to $46.04 with a transfer of 142 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: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Junior Market climbs Friday

October 28, 2022 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange closed higher on Friday, with the volume of stocks traded declining 21 percent and the value 22 percent lower than on Thursday after just 38 securities trading versus 41 on Thursday and ended with 12 rising, 12 declining and 14 closing unchanged.
A total of 6,115,628 shares were traded for $18,600,896 down from 7,760,885 units at $23,865,502 on Thursday.
Trading averaged 160,938 shares at $489,497 from 189,290 units at $582,085 on Thursday with the month to date averaging 246,806 units at $767,886 against 251,077 stock units at $781,733 on the previous day. September closed with an average of 470,099 units at $1,578,447.
Dolla Financial led trading with 1.59 million shares for 26 percent of total volume followed by JFP Ltd with 1.18 million units for 19.2 percent of the day’s trade and Future Energy Source with 511,980 units for 8.4 percent market share.
At the close, the Junior Market Index rose 25.86 points to settle at 4,150.00.
The PE Ratio, a measure of computing appropriate stock values, averages 13. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Access Financial rallied $3.49 in closing at $24.50 with an exchange of 455 shares, AMG Packaging gained 22 cents to end at $3.47 in exchanging 1,777 stocks, Blue Power advanced 28 cents to $3.40 after a transfer of 30 stock units. Consolidated Bakeries popped 19 cents to end at $2.69 with investors transferring 55,236 units, Dolla Financial rose 19 cents to close at $3.39 with 1,588,354 stock units crossing the exchange, General Accident shed 55 cents to end at $4.55, after an exchange of 32,452 units. iCreate declined 12 cents in closing at $2.01 as investors traded 177,311 shares, Indies Pharma increased 13 cents to $2.93 while exchanging 51,231 stocks, KLE Group fell 10 cents to close at $1.70, with 18,070 stocks clearing the market. Knutsford Express dropped 65 cents to $9.10 after trading 19,657 stock units, Lasco Manufacturing climbed 28 cents to $4.25 with a transfer of 5,949 shares, Main Event dipped 35 cents in closing at $9.01 with the swapping of 17,606 units. MFS Capital Partners lost 14 cents to end at $3.10 as 121,077 stock units passed through the market and Tropical Battery lost 11 cents in ending at $2.63, with 45,771 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Caribbean Assurance Brokers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolla Financial, Dolphin Cove, Edufocal, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, General Accident, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, JFP Ltd, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, MFS Capital Partners, Paramount Trading, Spur Tree Spices, Stationery and Office, Trading Activity

Trading dropped on JSE USD Market

October 28, 2022 by IC Insider.com

Trading on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks exchanged declining 96 percent with a marginally higher value than on Thursday, resulting in seven securities traded, the same as on Thursday, with three rising, two declining and two ending unchanged.
Overall, 55,704 shares traded for US$12,962 compared to 1,307,226 units at US$12,689 on Thursday.
Trading averaged 7,965 units at US$1,851 versus 186,747 shares at US$1,813 on Thursday, with month to date average of 40,612 shares at US$2,260 versus 42,097 units at US$2,279 on the previous trading day. September ended with an average of 87,926 units for US$4,746.
The JSE US Denominated Equities Index inched higher by 0.04 points to end at 206.43.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows no stocks ended with a bid higher than the last selling prices and two with lower offers.
At the close, First Rock Real Estate USD share remained at 7.5 US cents, with 7,207 shares changing hands, MPC Caribbean Clean Energy shed 14 cents ending at a record low of 61 US cents after exchanging 457 stocks, Productive Business Solutions dropped 8 cents to US$1.30, with one unit changing hands. Proven Investments increased 0.94 of a cent in closing at 20 US cents, with 10,333 stock units crossing the market, Sygnus Real Estate Finance USD share rallied 0.69 of a cent to 11.64 US cents in exchanging 40 stock units and Transjamaican Highway gained 0.11 of one cent to close at 0.91 of one US cent, with 31,141 units crossing the exchange.
In the preference segment, JMMB Group 5.75% ended at US$1.50 with investors transferring 6,525 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: Daily Trading, Emerging markets, First Rock Capital, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, JSE US dollar market, Productive Business Solutions, Proven Investments, Sygnus Real Estate Finance, Trading Activity, Transjamaican Highway

Gains outshine losses on TTSE Friday

October 28, 2022 by IC Insider.com

Rising stocks outnumbered those rising at the close of activity on the Trinidad and Tobago Stock Exchange on Friday, with a 78 percent fall in the volume of stocks traded and an 84 percent decline in the value compared with Thursday, resulting in 18 securities trading down from 20 on Thursday, with seven stocks rising, three declining and eight remaining unchanged.
Investors traded 265,800 shares for $3,622,246 down from 1,193,737 stocks at $22,855,716 on Thursday.
An average of 14,767 shares were traded at $201,236 versus 59,687 stocks at $1,142,786 on Thursday, with trading month to date averaging 30,591 shares at $373,508 versus 31,475 units at $383,138 on the previous day. The average trade for September to 45,817 at $463,533.
The Composite Index rallied 3.74 points to 1,320.63, the All T&T Index advanced 5.08 points to 1,971.45 and the Cross-Listed Index popped 0.32 points to settle at 87.38.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings climbed 81 cents after ending at $24.95 while trading 40 shares, Calypso Macro Investment Fund remained at $22 as investors exchanged 111 stocks, Clico Investment Fund gained 5 cents to end at $30, with 50,344 units crossing the market. First Citizens Group ended at $50.05 in trading 679 stock units, GraceKennedy advanced 20 cents to $5.20 with investors transferring 237 stocks, Guardian Holdings ended at $25.06 after exchanging 2,000 shares. JMMB Group remained at $2 in trading 14,366 stock units, Massy Holdings dropped 1 cent to $4.50 after an exchange of 108,619 units, National Enterprises popped 11 cents to close at $3.26 with 3,412 units changing hands. NCB Financial increased 1 cent to $4.81, with 40,290 stock units crossing the exchange, Point Lisas remained at $3.25 in switching ownership of 10 shares, Prestige Holdings ended at $6.50, with 1,020 stocks clearing the market. Republic Financial fell 2 cents to end at $135 after trading 527 units, Scotiabank remained at $77.85 with a transfer of 6,561 shares, Trinidad & Tobago NG shed 5 cents in ending at $22.05 after dealings in 24,719 stocks. Trinidad Cement ended at $3.50, with 5,010 stock units crossing the market, Unilever Caribbean rose 22 cents in closing at $13.04 after a transfer of 1,836 shares and West Indian Tobacco rallied 45 cents to end at $22 with an exchange of 6,019 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: Angostura Holdings, Calypso Micro Index Fund, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Citizens, GraceKennedy, Guardian Holdings, JMMB Group, Massy Holdings, National Enterprises, NCB Financial Group, Point Lisas, Prestige Holdings, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, Trinidad Cement, TTSE, Unilever Caribbean, West Indian Tobacco

Falling volume, slipping prices on JSE Main Market

October 27, 2022 by IC Insider.com

The volume of stocks traded declined 59 percent, with a 28 percent lower value than in trading Wednesday at the close of activity on the Jamaica Stock Exchange Main Market on Thursday and ended, with 56 securities trading, up from 53 on Wednesday, with prices of 16 rising, 28 declining and 12 ending unchanged.
A total of 7,725,167 shares were traded for $52,758,028 down from 18,798,375 units at $73,598,833 on Wednesday.
Trading averaged 137,949 shares at $942,108 down from 354,686 stock units at $1,388,657 on Wednesday and month to date, an average of 162,977 units at $1,404,898 down from 164,430 units at $1,431,754 on the previous day. September closed with an average of 533,719 units at $5,494,282.
Wigton Windfarm led trading with 3.13 million shares for 40.5 percent of total volume, followed by Pulse Investments with 1.06 million units for 13.7 percent of the day’s trade and Transjamaican Highway with 990,665 units for 12.8 percent market share.
The All Jamaican Composite Index shed 1,462.75 points to settle at 400,663.30, the JSE Main Index declined 1,237.21 points to 350,041.76 and the JSE Financial Index dropped 0.43 points to close at 84.26.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.5 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Barita Investments dipped $1.16 to close at $100 with 2,216 shares clearing the market, Caribbean Cement lost 40 cents to end at $57.50 after exchanging 32,270 stock units, Eppley Caribbean Property Fund dropped $1.03 to $38.01 after trading 2,137 units. GraceKennedy climbed 50 cents in closing at $89.50 with investors dealing in 77,765 stocks, Guardian Holdings shed $5 in ending at $495 after a transfer of 8,167 stock units, Jamaica Producers fell $1.70 to $17.30 with 8,532 shares changing hands. Kingston Wharves advanced $1.65 in closing at $37.90 in transferring 524 units, NCB Financial declined $1 to close at $85 with investors swapping 225,109 stocks, Palace Amusement shed 81 cents to $827 after trading 43 stock units. Proven Investments rallied $1.49 to end at $30 with the swapping of 1,250 units, Sagicor Group dipped 49 cents to $50.50 in trading 10,901 shares, Scotia Group dropped 60 cents in closing at $35.40 with 29,966 stocks crossing the exchange and Seprod dropped $2.79 to $68.16 while exchanging 4,390 units.
In the preference segment, 138 Student Living’s preference share increased $6.90 to close at $52.94 after15 stock units crossed the market and Productive Business Solutions 9.75% preference share declined $33 to $107 in transferring 29 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market consolidates

October 27, 2022 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange continued in consolidation mode on Thursday, with the Market Index slipping just 8.04 points to 4,124.14 as the volume of stocks traded declined 41 percent and the value 35 percent lower than on Wednesday after 41 securities were exchanged down from 43 on Wednesday and ended with 18 rising, 16 declining and seven closing unchanged.
A total of 7,760,885 shares were traded for $23,865,502 down from 13,259,001 units at $36,695,111 on Wednesday.
Trading averaged 189,290 shares at $582,085 compared with 308,349 units at $853,375 on Wednesday, with an average of 251,077 stock units at $781,733 month to date compared with 254,581 units at $793,054 on the previous day. Trading in September closed with an average of 470,099 units at $1,578,447. Dolla Financial led trading with 1.50 million shares for 19.3 percent of total volume, followed by JFP Ltd with 1.20 million units for 15.5 percent of the day’s trade and Fosrich, 1.15 million units for 14.8 percent of market share.
The PE Ratio, a measure of computing appropriate stock values, averages 12.9. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial dropped $3.48 to $21.01 after trading 90 shares, AMG Packaging dipped 23 cents to close at $3.25 in switching ownership of 19,390 stock units, Caribbean Flavours rallied 10 cents to $1.74, 921 stocks crossing the market. Consolidated Bakeries fell 20 cents to $2.50 after 5,000 units passed through the market, General Accident popped 55 cents in closing at $5.10 with investors transferring 5,900 stocks, Jamaican Teas lost 28 cents to end at $2.65 with an exchange of 703,231 stock units. KLE Group climbed 13 cents to $1.80 with a transfer of 62,398 units, Knutsford Express rose 45 cents to close at a 52 weeks’ high of $9.75 after 6,498 shares crossed the exchange, Lasco Financial advanced 12 cents to end at $2.84 with dealings in 47,470 shares. Lasco Manufacturing shed 31 cents in closing at $3.97 as investors exchanged a mere 500 units, Limners and Bards dropped 34 cents in closing at a 52 weeks’ low of $2.35 with the swapping of 144,562 units, Lumber Depot gained 11 cents to end at $2.79 with 95,507 stock units clearing the market. Main Event increased 31 cents to close at $9.36 while exchanging 153,217 shares, Paramount Trading slipped 13 cents to $1.87 after an exchange of 15,083 stocks, Stationery and Office Supplies dipped 85 cents in ending at $15.75 in trading 1,200 stock units and Tropical Battery gained 13 cents to $2.74 after 183,156 units crossed 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: Access Financial, AMG Packaging, Best performing stock market, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Flavours, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolla Financial, Dolphin Cove, Edufocal, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, General Accident, Honey Bun, iCreate, Indies Pharma, Iron Rock Insurance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, JFP Ltd, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, MFS Capital Partners, Paramount Trading, Spur Tree Spices, Stationery and Office, Trading Activity

Trading surges on Trinidad Exchange

October 27, 2022 by IC Insider.com

Trading jumped sharply on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded rising 103 percent, with the value surging 325 percent above that on Wednesday, resulting in 20 securities trading compared with 16 on Wednesday, with four stocks rising, ten declining and six remaining unchanged.
Investors traded 1,193,737 shares for $22,855,716 up from 587,943 stock units at $5,371,639 on Wednesday.
An average of 59,687 units were traded at $1,142,786 compared to 36,746 shares at $335,727 on Wednesday, with trading month to date averaging 31,475 shares at $383,138 versus 29,607 units at $332,830 on the previous day. The average trade for September amounts to 45,817 shares at $463,533.
The Composite Index shed 6.62 points to 1,316.89, the All T&T Index shed 8.38 points to end at 1,966.37 and the Cross-Listed Index fell 0.66 points to close at 87.06.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s climbed 99 cents in closing at $43 while exchanging 82 shares, Angostura Holdings shed 81 cents to close at $24.14 after trading 739,170 stocks, Ansa McAl remained at $53.80 after a transfer of 4 units. Calypso Macro Investment Fund ended at $22 as 1,313 stock units passed through the market, Clico Investment Fund declined 5 cents to $29.95 in an exchange of 49,647 stock units, First Citizens Group remained at $50.05 with investors transferring 4,008 stocks. FirstCaribbean International Bank ended at $5, with 2,756 shares clearing the market, GraceKennedy lost 20 cents to close at $5 with an exchange of 12,084 units, Guardian Holdings remained at $25.06 after 6,004 units crossed the exchange. Guardian Media dipped 4 cents to $3 as investors exchanged 2,500 shares, JMMB Group dropped 10 cents to end at $2 with the swapping of 48 stocks, Massy Holdings ended at $4.51, with 203,274 stock units changing hands. National Enterprises fell 11 cents to close at $3.15 with a transfer of 104,845 stock units, National Flour Mills declined 6 cents to $1.59 after 9,800 stocks crossed the market, Prestige Holdings dipped 15 cents to $6.50 in exchanging 564 shares. Republic Financial rallied 2 cents to $135.02 in trading 1,430 units, Scotiabank lost 4 cents to $77.85 in exchanging 6,686 shares, Trinidad & Tobago NGL advanced 35 cents in closing at $22.10 after 24,513 stock units passed through the exchange. Unilever Caribbean popped 2 cents to close at $12.82 after dealings in 393 stocks and West Indian Tobacco shed 45 cents after ending at a 52 weeks’ low of $21.55 in switching ownership of 24,616 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.