Market activity ended on the Trinidad and Tobago Stock Exchange on Monday, with the volume of stocks traded rising 494 percent and the value surging 197 percent compared to Friday, after 18 securities traded compared to 21 on Friday, with three rising, five declining and ten remaining unchanged.
The Composite Index rose 6.05 points to 1,384.47, the All T&T Index rallied 11.71 points to close at 2,047.08 and the Cross-Listed Index remained at 94.55.
A total of 1,757,567 shares traded for $10,468,610 compared to 296,130 units at $3,521,737 on Friday.
An average of 97,643 units traded at $581,589 compared to 14,101 shares at $167,702 on Friday, with trading month to date averaging 66,909 units at $366,283 versus 58,684 units at $470,501. The average trade for May closed at 45,890 units at $370,328.
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 rallied 90 cents in closing at $56.90, with 93 shares crossing the exchange, Ansa Merchant Bank remained at $43 with the trading of 114 stocks, Calypso Macro Investment Fund rose 5 cents to end at $19.30, with 50 units changing hands. CinemaOne ended unchanged at $4.54 after an exchange of 100 stock units, Clico Investment Fund lost 55 cents in finishing at $28.25 after an exchange of 2,580 units, First Citizens Group finished at $50, with 528 shares crossing the market. FirstCaribbean International Bank ended unchanged at $5 with the swapping of 3,030 stock units, Guardian Holdings declined 9 cents in closing at $27.31, with 2,000 stocks clearing the market, JMMB Group remained at $2.30 in an exchange of 60,850 stocks. Massy Holdings gained 3 cents to close at $5.20 after trading 1,609,141 stock units, National Flour Mills finished at $1.75, with 2,190 units changing hands, One Caribbean Media remained at $4.15 while exchanging 4,136 shares. Republic Financial Holdings ended at $141 after trading 2,150 stock units, Scotiabank ended at $78 in switching ownership of 13,725 units, Trinidad & Tobago NGL shed 60 cents to end at $20.90 in trading 5,346 shares. Trinidad Cement dropped 28 cents in closing at $3.60 after 40,000 stocks changed hands, Unilever Caribbean fell $1.23 to a 52 weeks’ low of $12.75 with an exchange of 11,474 stock units and West Indian Tobacco ended unchanged at $23.35 after 60 stocks passed through the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks record gains for Trinidad market
Big gains for ICTOP10 stocks
CAC2000 and AMG Packaging each gained 21 percent this past week, on top of the 10 percent gain in the previous week, while Medical Disposables rose 19 percent and Caribbean Cream and Jetcon Corporation added 10 percent to their price in the Junior Market ICInsidert TOP10.
Former Top10 listed Dolla Financial gained 17.7 percent to close the week at $2.75 after the stock traded as high as $3.60 on Tuesday.
The week ended with one new listing in the TOP10 as the gains by AMG Packaging pushed it out of the Top 10 and is replaced by General Accident, with a fall in the price to $5.79. Elite Diagnostic fell 6 percent to close the week at $3.32 and Lasco Distributors lost 4 percent to close at $3.20.
In the TOP10 Main Market, Berger Paints climbed 11 percent to $12.18 after trading more than 52,000 shares on Thursday and Friday, an unusual amount and Sygnus Credit Investments rose 5 percent to $14.95 while Caribbean Cement lost 8 percent to $64.50 and VM Investments gained 4 percent. There were no significant losers in this market.
Keep a careful watch on Dolphin Cove and Stationery and Office Supplies (SOS) that are close to the top10 and are undervalued. Both companies reported solid gains for 2022 back to school demand. The company also shipped a container of goods recently to the Eastern Caribbean. Dolphin Cove is benefitting from cost reduction in its operations, but more importantly, the solid first quarter results occurred when tourism arrivals were only 63 percent of 2019 numbers. In the first two months of the June quarter, tourist arrivals are 95 percent of the 2019 period and this is bound to have a positive impact on pushing the second quarter numbers much higher than for the first quarter as well as for the balance of the year. A similar situation would apply to Caribbean Producers, a significant supplier to the hotel sector.
The average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 14.5, while the Junior Market PE for the Top 10 is 6.1 versus the market at 13. The Junior Market TOP10 is projected to gain an average of 230 percent by May 2023 and the Main Market 238 percent.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. 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 emotional attachments to stocks 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, based on the possible increase for each company, considering the earnings and PE ratios 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.
JSE USD market record gains
Trading on Friday closed with the volume of stocks, traded dropping 69 percent from Thursday even as the value surged 104 percent higher, at the close of the Jamaica Stock Exchange US dollar market, resulting in six securities trading, versus seven on Thursday with three rising, two declining and one ending unchanged.
Overall, 73,292 shares traded for US$15,839 compared to 234,994 units at US$7,758 on Thursday. Trading averaged 12,215 units at US$2,640, versus 33,571 shares at US$1,108 on Thursday, with a month to date average of 74,953 shares for US$9,263 versus 78,039 units at US$9,589 on the previous day. May averaged 47,916 units for US$3,528.
The JSE US Denominated Equities Index gained 3.77 points to end at 219.67. The PE Ratio, a measure used in computing appropriate stock values, averages 9.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending, up to August 2023.
Investor’s Choice bid-offer indicator shows two ended with a bid higher than the last selling prices and none with a lower offer.
At the close, First Rock Capital USD share dropped 0.04 of one cent to 7.45 US cents trading 265 shares, Proven Investments gained 0.96 of a cent to close at 26 US cents in an exchange of 58,664 stocks, Sygnus Credit Investments USD share shed 0.03 of a cent in closing at 12.91 US cents after exchanging 784 units. Sygnus Real Estate Finance USD share finished at 11.5 US cents, with 900 stock units crossing the market and Transjamaican Highway rose 0.06 of a cent to close at 0.99 of one US cent in trading 12,440 stock units.
In the preference segment, JMMB Group 6% popped 4 cents to close at US$1.05 after the trading of 239 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on Trinidad Stock Exchange
Trading on the Trinidad and Tobago Stock Exchange ended on Friday, with the volume of stocks traded rising 133 percent, with 23.00 percent greater value than on Thursday, leading to 21 securities trading against 19 on Thursday, with eight stocks rising, four declining and nine ending unchanged.
The Composite Index fell 0.26 points to 1,378.42, the All T&T Index shed 6.36 points to 2,035.37 and the Cross-Listed Index popped 0.88 points to 94.55.
A total of 296,130 shares traded for $3,521,737 compared to 126,861 units at $2,857,983 on Thursday. An average of 14,101 units traded at $167,702 compared to 6,677 shares at $150,420 on Thursday, with trading month to date averaging 54,631 units at $464,252 versus 57,478 units at $485,080. The average trade for May amounts to 45,890 units at $370,328.
Investor’s Choice bid-offer indicator shows two ending with a bid higher than their last selling prices and none with a lower offer.
At the close, Agostini’s dropped 70 cents to end at $46.50 in trading 233 shares, CinemaOne gained 59 cents to close at a 52 weeks’ high of $4.54, with 827 stocks clearing the market, Clico Investment Fund ended at $28.80 with the swapping of 130 units. First Citizens Group shed 1 cent to end at $50 in exchanging 1,033 stock units, FirstCaribbean International Bank remained at $5 in an exchange of 26,000 shares, GraceKennedy climbed 29 cents to $5.79 after exchanging 286 units. Guardian Holdings rallied 9 cents to $27.40, with 15,505 stocks crossing the market, JMMB Group finished at $2.30, trading 700 stock units, L.J. Williams B share remained at $2.08 after the trading of 7 shares. Massy Holdings lost 2 cents to close at $5.17 while exchanging 204,824 stock units, National Enterprises finished at $3.24, exchanging 35 units, National Flour Mills ended at $1.75 after 500 stocks changed hands. One Caribbean Media advanced 5 cents to $4.15, with 357 stock units crossing the exchange, Point Lisas remained at $3.40 with 75 stocks changing hands, Prestige Holdings popped 24 cents to $6.95 with an exchange of 5 units. Republic Financial Holdings ended at $141 in switching ownership of 100 shares, Scotiabank rose $1 to $78 after an exchange of 16,420 shares, Trinidad & Tobago NGL climbed 65 cents to $21.50 with the swapping of 27,073 stock units. Trinidad Cement finished at $3.88 after exchanging 75 units, Unilever Caribbean rose $1.23 in closing at $13.98 with an exchange of 1,099 stocks and West Indian Tobacco fell 5 cents to close at $23.35 with 846 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks dominate TTSE
Stocks closed mixed on the Trinidad and Tobago Stock Exchange on Thursday with the volume of stocks declining 15 percent with a 43 percent lower value than on Wednesday, resulting in 19 securities trading, up from 17 on Wednesday, with 6 stocks rising, 3 declining and 10 remaining unchanged.
A total of 126,861 shares traded for $2,857,983 compared to 148,885 units at $4,988,993 on Wednesday. An average of 6,677 units traded at $150,420 versus 8,758 shares at $293,470 on Wednesday, with trading month to date averaging 57,478 units at $485.080 versus 60,925 units at $507,789. May closed with an average trade of 45,890 units at $370,328.
The Composite Index slipped 1.14 points to 1,378.68, the All T&T Index advanced 0.69 points to 2,041.73 and the Cross-Listed Index dipped 0.43 points to close at 93.67.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Agostini’s ended at $47.20 while exchanging 3,132 shares, Ansa McAL finished at $56 with 524 units clearing the market, Clico Investment Fund dropped 19 cents to close at $28.80 with the swapping of 4,412 stock units. First Citizens Group declined 99 cents after ending at $50.01 in trading 195 stocks, FirstCaribbean International Bank remained at $5 after exchanging 10,503 units, Guardian Holdings advanced 1 cent in closing at $27.31 with the swapping of 2,249 shares. JMMB Group ended at $2.30 with 8,862 stock units crossing the market, L.J. Williams B share ended at $2.08 with an exchange of two stock units, Massy Holdings closed at $5.19, with 29,846 stocks crossing the exchange. National Enterprises ended at $3.24 in exchanging 24,571 shares, National Flour Mills popped 5 cents to finish at $1.75 in trading 11,328 units, NCB Financial Group remained at $5.30 in switching ownership of 5,285 stock units. One Caribbean Media rose 9 cents to $4.10 in trading 167 stocks, Prestige Holdings gained 1 cent in ending at $6.71 after 528 units crossed the market, Republic Financial Holdings finished at $141 with 8,906 stock units changing hands. Scotiabank shed $1 in ending at $77 after exchanging 9,849 shares, Trinidad & Tobago NGL gained 5 cents in closing at $20.85 in switching ownership of 3,877 shares, Trinidad Cement rallied 8 cents to $3.88 with 235 units crossing the market and Unilever Caribbean ended unchanged at $12.75 with an exchange of 2,390 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Steady trading for JSE USD market
Trading on Thursday, with the volume of stocks traded falling 78 percent with 99 percent less value than on Wednesday, to close the Jamaica Stock Exchange US dollar market, resulting in seven securities traded, the same as on Wednesday with none rising, three declining and four ending unchanged.
The JSE US Denominated Equities Index lost 0.07 points to end at 215.90. The PE Ratio, a measure used in computing appropriate stock values, averages 9.3. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Overall, 234,994 shares traded for US$7,758 compared to 1,086,150 units at US$718,478 on Wednesday. Trading averaged 33,571 units at US$1,108, compared to 155,164 shares at US$102,640 on Wednesday, with month to date average of 78,039 shares at US$9,589 versus 80,746 units at US$10,105 on the previous day. May ended with an average of 47,916 units for US$3,528.
Investor’s Choice bid-offer indicator shows three stocks ended with a bid higher than the last selling prices and one with a lower offer.
At the close, First Rock Capital USD share remained at 7.49 US cents while trading 2,690 shares, MPC Caribbean Clean Energy finished at US$1.38, with two units crossing the exchange, Proven Investments lost 0.86 of a cent to end at 25.04 US cents with 20,590 stock units changing hands. Sterling Investments dropped 0.03 of a cent to 2.07 US cents after trading 33,201 stocks, Sygnus Credit Investments USD share ended unchanged at 12.94 US cents in an exchange of 21 stock units, Sygnus Real Estate Finance USD share ended at 11.5 US cents in exchanging 75 shares and Transjamaican Highway slipped 0.07 of a cent to 0.93 of one US cent in trading 178,415 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.