Trinidad market rises

Market activity ended on the Trinidad and Tobago Stock Exchange on Monday, with the volume of stocks traded rising 55 percent and the value 38 percent lower than on Friday, resulting in 20 securities traded compared to 16 on Friday, with prices of nine rising, three declining and eight remaining unchanged.
Investors exchanged 359,821 shares for $3,174,677 compared to 232,055 units at $5,132,054 on Friday.
An average of 17,991 units were traded at $158,734 compared to 14,503 shares at $320,753 on Friday, with trading month to date averaging 29,081 units at $362,072 versus 30,787 units at $393,354 on the previous trading day. The average trade for August amounts to 40,829 units at $378,385.
The Composite Index advanced 2.86 points to 1,370.87, the All T&T Index increased 8.09 points to 2,042.43 and the Cross-Listed Index shed 0.38 points to settle at 91.30.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s remained at $45.65 in trading 107 shares, Angostura Holdings advanced 25 cents to end at a 52 week’ high of $26.75 after exchanging 490 units, Ansa McAl increased $2 in ending at $59 with one stock unit clearing the market. Clico Investment Fund rose 2 cents in closing at $30 after trading 3,401 stocks, First Citizens Group climbed 13 cents to 50.75 after a transfer of 1,709 stocks, FirstCaribbean International Bank fell 9 cents in closing at $5.01 as investors exchanged 185,000 stock units. GraceKennedy ended at $5.33 with an exchange of 1,000 units, JMMB Group gained 2 cents after ending at $2.32, with 53,607 shares changing hands, L.J. Williams B share closed at $2.20 in exchanging 2 shares. Massy Holdings rallied 1 cent to end at $4.73 after trading 70,654 stocks, National Enterprises dipped 2 cents to $3.40 with investors transferring 9,870 stock units, National Flour Mills popped 1 cent to close at $1.60 with a transfer of 565 units. NCB Financial Group remained at $4.99 in an exchange of 1,000 shares, Prestige Holdings swapped 4,960 stocks at $6, Republic Financial Holdings remained at $140 in switching ownership of 8,066 units. Scotiabank advanced 40 cents to end at $78.40 with 25 stock units changing, Trinidad & Tobago NGL gained 15 cents to end at $22, with 15,619 shares crossing the market, Trinidad Cement remained at $3.55 while exchanging 2,161 stocks. Unilever Caribbean declined 11 cents in ending at $12.50, with 810 units crossing the exchange and West Indian Tobacco stayed at $23, with 774 stock units changing hands.

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

Access back is back in ICTOP10

Over the past two weeks, there are few changes in the IC TOP10 listings with Iron Rock Insurance replaced by Access Financial in the Junior Market, while there were no changes for the main market.
In the Junior Market, CAC 2000 surged 33 percent to $8 and Access Financial and dipped 6 percent to $22, Radio Jamaica fell 6 percent to $2.05, while Jamaica Broilers and Sygnus Credit Investments gained 4 percent.
The average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 13.5, while the Junior Market Top 10 PE sits at 5.9 versus the market at 12.9, an important indicator of the level of undervaluation of the ICTOP10. The Junior Market is projected to rise by 245 percent and the Main Market TOP10 is projected to gain an average of 238 percent each, by May 2023.
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 to highlight winners from the rest, allowing investors to focus on potential winning 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.

 

More decline for Junior Market

For a second consecutive day, the Junior Market Index declined sharply and dropped 46.93 points to 4,183.05 following the 76 points fall on Thursday as trading closed on the Jamaica Stock Exchange on Friday, with the volume of stocks traded declining 21 percent and the value 24 percent lower than on Thursday.
Investors exchanged 45 securities versus 44 on Thursday, 12 rose, 19 declined and 14 closed unchanged.
A total of 20,063,473 shares were exchanged for $56,261,266 compared to 25,483,749 units at $73,838,816 on Thursday. Trading averaged 445,855 shares at $1,250,250 compared to 579,176 shares at $1,678,155 on Thursday with the month to date, averaging 645,170 units at $2,087,184 compared to 679,404 units at $2,230,932 on the previous trading day. August closed with an average of 407,186 units at $1,330,946.
ONE on ONE Educational led trading with 9.46 million shares for 47.2 percent of total volume followed by Dolla Financial with 3.42 million units for 17.1 percent of the day’s trade, Fosrich with 1.96 million units for 9.8 percent market share and MFS Capital Partners with 1.42 million units for 7.1 percent 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 one stock ended with a bid higher than their last selling prices and two with lower offers.
At the close, Access Financial fell $2 to $22 with a transfer of 3,899 shares, CAC 2000 rallied 42 cents to $8, with 177 stock units crossing the market, Caribbean Cream lost 75 cents in closing at $4 after exchanging 3,369 units. Consolidated Bakeries gained 10 cents to end at $2, with 159,209 stocks crossing the market, Derrimon Trading lost 10 cents to close at $2.20 in exchanging 160,635 stocks, Dolla Financial dipped 19 cents in ending at $3.46 after trading 3,421,844 units. EduFocal shed 16 cents to close at $2.28 with an exchange of 267,255 shares, Express Catering advanced 12 cents in closing at $5.72 with the swapping of 53,649 stock units, Fosrich declined 19 cents to end at $4.20 after exchanging 1,963,718 stock units. General Accident rose 40 cents to $5.43 in an exchange of 967 shares, KLE Group rallied 54 cents to close at $2.07 in switching ownership of 12,867 units, Limners and Bards popped 17 cents in closing at $2.90 with investors transferring 46,806 stocks. Mailpac Group dipped 20 cents to end at $2.20 after a transfer of 23,124 shares, Medical Disposables fell 15 cents to $5.85, with 83,914 stock units changing hands and MFS Capital Partners climbed 70 cents ending at $3.55 in trading 1,424,321 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main Market drops on Friday

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The volume of stocks trading dropped sharply on Friday from Thursday, with 40 percent fewer shares changing hands but with 50 percent more value on the Jamaica Stock Exchange Main Market, following trading in 57 securities compared to 49 on Thursday, with 16 rising, 23 declining and 18 ending unchanged.
Investors traded 9,582,712 shares for $160,269,027 compared to 15,879,100 units at $107,233,955 on Thursday.
Trading averaged 168,118 units at $2,811,737 versus 324,063 shares at $2,188,448 on Thursday and the month to date, an average of 248,548 units at $2,589,602, compared to 262,399 units at $2,551,349 on the previous trading day. August closed with an average of 738,534 units at $5,975,613.
Wigton Windfarm led trading with 3.46 million shares for 36.1 percent of total volume followed by Jamaica Broilers with 2.66 million units for 27.7 percent of the day’s trade and Sagicor Select Financial Fund with 702,907 units for 7.3 percent of market share.
The All Jamaican Composite Index fell 1,798.48 points to 408,596.18, the JSE Main Index shed 2,629.10 points to 357,818.90 and the JSE Financial Index slipped 1.17 points to 85.46.
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 seven stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cement gained 99 cents in ending at $61.99 after exchanging 38,232 shares, Carreras increased 56 cents to end at $8.90 as investors exchanged 617,019 stocks, Eppley rose $1.49 to $40.50 after exchanging 20 units. Eppley Caribbean Property Fund dipped $2.40 to close at $41.60 in trading 232 stock units, Guardian Holdings fell $25 to $495 with a transfer of 14,824 shares, Jamaica Broilers added $2.45 in closing at $30, with 2,659,066 stock units clearing the market. Jamaica Producers popped $1.15 to end at $20.40 with investors transferring 10,352 units, JMMB Group climbed 50 cents to $41.50 in switching ownership of 56,597 stocks, NCB Financial dropped 99 cents to close at $89.01 with the swapping of 46,094 shares. 138 Student Living rallied 89 cents to $6.85 trading 1,557 units, Palace Amusement rallied $9.80 to end at $903.82, with 21 stocks clearing the market, PanJam Investment shed $1 to $59, with 42,076 stock units crossing the exchange. Portland JSX declined $1 in closing at $9, with 1,172 stock units changing hands, Proven Investments fell $2.46 after ending at $30.03 in an exchange of 6,403 stocks, Sagicor Group lost $3.70 to close at $50.75 while exchanging 13,872 shares. Salada Foods shed 62 cents to close at $4.06 after exchanging 16,003 units, Supreme Ventures fell 85 cents to $28.50 after a transfer of 11,671 units and Sygnus Credit Investments rose 51 cents to end at $13.72 with an exchange of 18,605 stock units.
In the preference segmentEppley 7.50% preference share declined 49 cents after ending at $7 in exchanging 151 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading jumps on JSE US dollar market

Trading picked up on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks exchanged rising 221 percent and the value surging 2,541 percent over Thursday, resulting in the trading in seven securities, compared to six on Thursday with two rising, two declining and three ending unchanged.
Overall, 1,374,508 shares were traded, for US$215,103 compared to 427,965 units at US$8,146 on Thursday. Trading averaged 196,358 units at US$30,729 up from  71,328 shares at US$1,358 on Thursday, with a month to date average of 61,447 shares at US$7,275 versus 42,559 units at US$3,992 on the previous trading day. August ended with an average of 53,206 units for US$7,288.
The JSE US Denominated Equities Index added 0.21 points to end at 207.39.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.3. 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 two stocks ended with bids higher than the last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share ended at 4 US cents with the trading of just three shares, Productive Business Solutions ended at US$1.3225 in an exchange of one stock unit, Proven Investments dipped 0.5 of one cent to 20.5 US cents in transferring 983,453 units. Sygnus Credit Investments USD share gained 1.88 cents to close at 13 US cents with 75,857 stocks clearing the market, Sygnus Real Estate Finance USD share lost 0.05 of a cent in closing at 12.39 US cents after a transfer of 838 shares and Transjamaican Highway rallied 0.06 of a cent to 0.88 of one US cents after exchanging 313,508 stocks.
In the preference segmentJMMB Group 6% stayed at US$1.10 after trading 848 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading slides on Trinidad Exchange

The Trinidad and Tobago Stock Exchange closed on Friday, with the volume of stocks traded declining 78 percent, with an 82 percent lower value than on Thursday, following the trading of 16 securities compared to 17 on Thursday, with four stocks rising, eight declining and four remaining unchanged.
A total of 232,055 shares were exchanged for $5,132,054 down from 1,053,916 units at $27,974,973 on Thursday. An average of 14,503 units were traded at $320,753 compared to 61,995 shares at $1,645,587 on Thursday, with trading month to date averaging 30,787 units at $393,354 versus 33,073 units at $403,544 on the previous trading day. The average trade for August amounts to 40,829 units at $378,385.
The Composite Index fell 1.66 points to 1,368.01, the All T&T Index dropped 4.40 points to 2,034.34 and the Cross-Listed Index rose 0.18 points to 91.68
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, Agostini’s remained at $45.65, with 21 shares crossing the market, Ansa McAl stayed at $57 in exchanging 16,000 stocks, Calypso Macro Investment Fund dropped $2.74 to close at $19.26 with investors transferring 900 stock units. CinemaOne increased 82 cents to end at $6.80 after trading 12 units, Clico Investment Fund lost 1 cent after ending at $29.98 with an exchange of 525 shares, First Citizens Group dipped 38 cents in closing at $50.62 with 1,316 stocks changing hands. FirstCaribbean International Bank gained 5 cents to close at $5.10 in exchanging 4,629 stock units, GraceKennedy fell 2 cents to end at $5.33 with the swapping of 28,521 units, Guardian Holdings remained at $26 after trading 81,338 shares. Massy Holdings dipped 2 cents to $4.72, with 28,110 stocks clearing the market, National Enterprises rose 2 cents in closing at $3.42 as investors traded 328 stock units, Prestige Holdings popped 20 cents to end at $6  in switching ownership of two units. Scotiabank shed 40 cents to close at $78 after a transfer of 1,436 stocks, Trinidad & Tobago NGL lost 14 cents to $21.85 in an exchange of 600 stock units, Unilever Caribbean stayed at $12.61 in trading 250 shares and West Indian Tobacco dipped 40 cents to close at $23 with a transfer of 68,067 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading volume jumps value drops

Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks exchanged rising 43 percent with a 54 percent lower value than on Wednesday, resulting in the trading of six securities, compared to nine on Wednesday with two rising, one declining and three ending unchanged.
Overall, 427,965 shares were traded for US$8,146 compared to 299,966 units at US$17,613 on Wednesday. Trading averaged 71,328 units at US$1,358 versus 33,330 shares at US$1,957 on Wednesday, with a month to date average of 42,559 shares at US$3,992 against 38,636 units at US$4,351 on the previous trading day. August ended with an average of 53,206 units for US$7,288.
The JSE US Denominated Equities Index lost 0.35 points to end at 207.18.
The PE Ratio, a measure used in computing appropriate stock values, averages 8The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with a bid higher than the last selling prices and one stock with a lower offer.
First Rock US$ stock traded 129,999 units at 4 US cents, investors swapped one stock unit of Productivity Business Solutions at US$1.3225, Proven Investments traded 2,132 shares after rising 1 cent to 21 US cents and Transjamaican US$ stock traded 295,482 units at 0.82 of a US cent after sliding 0.07 of a cent.
In the US$ preference segment of the market JMMB Group 6% ended with 48 shares trading at US$1.10.

Junior Market in big dip

Calling stocks overwhelmed those rising and pushed the Index of the Junior Market of the Jamaica Stock Exchange down 75.97 points to 4,229.98 in Thursday’s trading, with the volume of stocks traded declining 51 percent and the value 51 percent lower than on Wednesday as 44 securities trading the same as on Wednesday and ended with eight rising, 24 declining and 12 unchanged.
Investors exchanged 25,483,749 shares for $73,838,816, down from 51,809,949 units at $151,838,965 on Wednesday.
Trading averaged 579,176 shares at $1,678,155 compared to 1,177,499 shares at $3,450,886 on Wednesday with the month to date, averaging 679,404 units at $2,230,932 compared to 699,633 units at $2,342,501 on the previous trading day. August closed with an average of 407,186 units at $1,330,946.
ONE on ONE Educational led trading with 11.35 million shares for 44.5 percent of total volume followed by MFS Capital Partners with 3.98 million units for 15.6 percent of the day’s trade, Dolla Financial with 3.43 million units for 13.4 percent market share, Fosrich with 2.17 million units for 8.5 percent market share and Future Energy Source with 1.66 million units for 6.5 percent of the day’s trade.
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 four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial shed $1.30 to $24 in trading 2,413 shares, Blue Power rallied 25 cents in closing at $3.75 after exchanging 13 stocks, Caribbean Cream lost 5 cents to end at $4.75 with the trading of six stock units. Consolidated Bakeries declined 30 cents ending at $1.90 after exchanging 27,199 units, Dolla Financial dropped 14 cents to close at $3.65 after a transfer of 3,425,801 stocks, EduFocal climbed 9 cents in closing at $2.44 in trading at 119,888 shares. Express Catering dipped 14 cents to close at $5.60 in switching ownership of 18,454 stock units, Fosrich fell 11 cents to $4.39, with 2,172,374 units clearing the market, Future Energy Source lost 5 cents to end at $4.85, with an exchange of 1,658,103 shares. GWest Corporation increased 7 cents in ending at $1.02 with investors transferring 71,099 stock units, KLE Group dropped 54 cents to end at $1.53 in trading 2,037 units, Lasco Distributors rose 12 cents to $2.95 in exchanging 41,362 stocks. Lasco Financial shed 5 cents to $2.75 with the swapping of 20,760 shares, Limners and Bards declined 10 cents to close at $2.73 with a transfer of 275,869 stocks, Medical Disposables gained 10 cents to end at $6 in an exchange of 7,227 units. MFS Capital Partners dipped 90 cents to $2.85 while exchanging 3,975,446 stock units and ONE on ONE Educational fell 10 cents to end at $1.90, with 11,346,788 stocks changing hands.
In the preference segmentCAC 2000 9.5% preference share advanced 9 cents to $1.18 with 2,429 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Big trading day for Trinidad Stock Exchange

Market activity picked up on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded surging 82 percent to 1,053,916 shares as the value jumped 493 percent to $27,974,973, up from the 578,666 units at $4,714,091 on Wednesday, resulting from 17 securities trading compared to 19 on Wednesday, with five stocks rising, six declining and six remaining unchanged.
Trading averaged 61,995 units at $1,645,587 up from 30,456 shares at $248,110 on Wednesday, with trading month to date averaging 33,073 units at $403,544 versus 28,004 units at $185,866 on the previous trading day. The average trade for August amounts to 40,829 units at $378,385.
The Composite Index rallied 2.73 points to 1,369.67, the All T&T Index gained 3.67 points to end at 2,038.74 and the Cross-Listed Index inched 0.24 points higher to 91.50.
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, Ansa McAl dropped 50 cents in ending at $57 in switching ownership of 512 shares, Clico Investment Fund shed 1 cent to end at $29.99 while exchanging 5,018 stocks, First Citizens Group rallied 39 cents to close at $51, with 69,045 units clearing the market and FirstCaribbean International Bank rose 4 cents in closing at $5.05 with investors transferring 10,000 stock units. Guardian Holdings traded 217 shares at $26, GraceKennedy ended trading of 740 units at $5.35, JMMB Group closed at $2.30, with 745,563 stock units crossing the market, Massy Holdings ended at $4.74, with investors exchanging 9,459 stocks. National Enterprises lost 6 cents in closing at $3.40 after 17,095 shares crossed the exchange, National Flour popped 4 cents to $1.59, with 1,423 shares changing hands. One Caribbean Media traded 10,826 units but slipped 10 cents to a 52 weeks’ low of $3.90. Point Lisas fell 16 cents to $3.11, with an exchange of 3,500 shares, Republic Financial Holdings ended at $140 with investors transferring 155,000 stocks, Scotiabank remained at $78.40 with a transfer of 15,000 units. Trinidad & Tobago NGL slipped 11 cents in closing at $21.99 after trading 2,146 stock units, Trinidad Cement rose 5 cents to $3.55, with 15,000 stock units changing hands and Unilever Caribbean rallied 31 cents to close at $12.88 with an exchange of 1,504 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Main Market rises on Thursday

Market activity on the Jamaica Stock Exchange Main Market ended on Thursday, with the volume of stocks traded rising 55 percent, with 21 percent lower value than on Wednesday, with 49 securities trading compared to 59 on Wednesday, with 19 rising, 20 declining and 10 ending unchanged.
A total of 15,879,100 shares were traded for $107,233,955 versus 10,275,420 units at $135,202,574 on Wednesday.
Trading averaged 324,063 units at $2,188,448 against 174,160 shares at $2,291,569 on Wednesday and for the month to date, an average of 262,399 units at $2,551,349, compared to 251,684 units at $2,614,406 on the previous trading day. August closed with an average of 738,534 units at $5,975,613.
Wigton Windfarm led trading with 8.13 million shares for 51.2 percent of total volume followed by JMMB Group 7.35% due 2028 with 3.50 million units for 22 percent of the day’s trade and Transjamaican Highway with 839,751 units for 5.3 percent market share.
The All Jamaican Composite Index advanced 2,591.81 points to 410,394.66, the JSE Main Index popped 1,117.23 points to 360,448.00 and the JSE Financial Index gained 0.37 points to settle at 86.63.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.7 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 five stocks ended with a bid higher than their last selling prices and four with lower offers.
At the close, Carreras shed 46 cents to end at $8.34 in an exchange of 246,903 shares, Eppley Caribbean Property Fund rallied $2.40 in closing at $44 in switching ownership of 15 stocks, GraceKennedy rose $1.78 in ending at $94.49 after trading 14,524 stock units. Guardian Holdings fell $3 to $520, with 51 units crossing the market, Jamaica Broilers declined 50 cents to close at $27.55 with the swapping of 13,562 units, Jamaica Stock Exchange advanced $1.01 to close at $17.21 with investors transferring 10,525 stock units. JMMB Group climbed 99 cents in closing at $41 as investors exchanged 33,848 stocks, Kingston Wharves increased $1.35 to $37.45 after 445 shares were exchanged, Massy Holdings fell $1.50 to $85, with 508,521 stocks crossing the exchange. Mayberry Investments gained 48 cents to end at $8.59 after closing with trading of 137,639 stock units, Mayberry Jamaican Equities popped $1.05 to close at $14.06 after a transfer of 100,200 shares, 138 Student Living dropped $1.04 to end at $5.96, with 3,172 units changing hands. Palace Amusement dropped $55.98 in closing at $894.02 with an exchange of 53 stock units, PanJam Investment rose 40 cents to $60 after exchanging 2,281 units, Portland JSX advanced 99 cents to $10 trading 3,898 shares. Sagicor Group popped 45 cents to close at $54.45 while exchanging 38,963 stocks, Scotia Group climbed $1.50 to $35 with a transfer of 48,825 shares, Supreme Ventures rallied $1.05 in ending at $29.35 with 33,129 units clearing the market. Sygnus Credit Investments dipped 44 cents to end at $13.21 in exchanging 22,892 stock units and Sygnus Real Estate Finance increased $1.25 in closing at $10.30 after exchanging 20 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.