The majority shareholder of SSL Venture Capital Jamaica, switched this afternoon to MFS Acquisition Limited, an attorneys for the deal disclosed.
From all indications, Stocks and Securities were the only major seller with 69.08 percent of the shares. SSLVC traded on the Jamaica Stock Exchange at $1.80 on Wednesday, well up on the less than 10 cents the majority ownership was switched at.
This is the second time that the majority ownership in the company has shifted.
SSL Venture Ownership change
May 25, 2022 by
More big Junior Market fall as winners = losers
May 25, 2022 by
Trading ended with 44 securities changing hands on the Jamaica Stock Exchange Junior Market Wednesday, down from 45 on Tuesday, with stocks rising and declining, accounting for 19 each, with six closing unchanged, resulting in the Market Index dipping 2.56 percent compared to 5.52 percent on Tuesday, with a 102.39 points dive to 4,027.35 and cutting the year to date gains from 33.7 percent to May 9th down to 17.5 percent.
The PE Ratio, a measure of computing appropriate stock values, averages 12.8. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial years closing up to the end of August 2023.
The market closed, with the volume of stocks traded dropping 49 percent and the value falling 47 percent from Tuesday, with 12,355,521 shares traded for $52,828,520, down from 24,253,233 units at $99,156,469 on Tuesday. Trading averaged 280,807 shares at $1,200,648 in contrast to 538,961 shares at $2,203,477 on Tuesday with the month to date, averaging 421,331 units at $1,814,834 compared to 430,189 units at $1,853,550 on the previous trading day. April closed with an average of 449,923 units at $1,781,786.
JFP Limited led trading with 1.40 million shares for 11.3 percent of total volume, followed by Mailpac Group with 1.21 million units for 9.8 percent of the day’s trade and Spur Tree Spices, 874,669 units for 7.1 percent market share.
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 of trading, Access Financial shed 91 cents to $20 in exchanging 23,441 shares, Cargo Handlers rose $1.30 to $11.70 in switching ownership of 20,216 units, Consolidated Bakeries gained 10 cents to close at $1.30 with an exchange of 89 stocks. Derrimon Trading lost 10 cents to $2.80 in exchanging 413,498 stock units, Dolphin Cove dropped 66 cents to $16.32 after trading 65,728 stocks, EduFocal rallied 24 cents to close at $2.99 trading 801,269 units. Elite Diagnostic fell 30 cents in closing at $3.21 in an exchange of 701,574 shares, Fosrich declined 70 cents after ending at $24.30, trading 523,023 stock units, Future Energy Source climbed 37 cents to end at $5.89, with 678,182 units changing hands. Honey Bun advanced 49 cents to $8.50 in trading 5,551 shares, Jetcon Corporation rose 13 cents in closing at $1.43 with 63,519 stocks clearing the market, KLE Group popped 21 cents in ending at $2.61 with the swapping of 38,923 stock units. Lasco Financial rose 18 cents to end at $3.49 while exchanging 32,012 shares, Lasco Manufacturing advanced 25 cents to close at $5.25 after an exchange of 53,401 stocks, Main Event fell 10 cents to $8.20 after 119,934 stock units crossed the market. 
Medical Disposables declined 55 cents in ending at $7, with 48,129 units crossing the market, Paramount Trading increased 10 cents to $1.90 with 22,030 stocks changing hands, Spur Tree Spices gained 16 cents to close at $3.66 after 874,669 shares were traded. SSL Venture rallied 14 cents in closing at $1.80, with 82,989 units changing hands and Stationery and Office Supplies dropped $1.35 to end at $10.65 with the swapping of 12,900 stock units.
In the preference segment, CAC 2000 9.5% preference share shed 16 cents in ending at $1, exchanging 3,187 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading picks up for Trinidad stocks
May 25, 2022 by
Market activity ended on Wednesday on the Trinidad and Tobago Stock Exchange, with the volume of stocks traded declining 57 percent and the value 38 percent lower than on Tuesday, resulting in 20 securities trading versus 18 on Tuesday, with nine rising, four declining and seven remaining unchanged.
The Composite Index increased 2.47 points to 1,412.53, the All T&T Index rose 6.52 points to end at 2,060.19 and the Cross-Listed Index dipped 0.26 points to settle at 100.74.
Overall, 903,191 shares were traded for $6,958,347 versus 2,119,273 units at $11,146,335 on Tuesday. An average of 45,160 units traded at $347,917, down from 117,737 shares at $619,241 on Tuesday, with trading month to date averaging 51,548 units at $488,643 versus 51,968 units at $497,901 on the previous day. The average trade for April amounts to 43,127 units at $458,871.
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 finished at $47.25 in switching ownership of 85 shares, Angostura Holdings advanced 1 cent to close at $22.90 in an exchange of 14 stock units, Ansa McAl climbed $1.45 in ending at $57 after trading 2,139 stocks. CinemaOne rose 34 cents to $2.64 with the swapping of 5 units, Clico Investment Fund rallied 20 cents in closing at $29 after exchanging 31,616 stocks, Eppley Caribbean Property Fund shed 10 cents in ending at $1.60 after trading 9,983 stock units. First Citizens Group increased 90 cents to $53, with 4,222 shares crossing the exchange, FirstCaribbean International Bank remained at $5.25, with 12,042 units clearing the market, GraceKennedy popped 16 cents to close at $5.96 with an exchange of 100 stocks. 
Guardian Holdings rose 75 cents to end at $28, trading 36,368 units, JMMB Group fell 12 cents to end at $2.38 with 204 stock units changing hands, Massy Holdings ended at $5.20 after 748,453 shares crossed the market. National Enterprises ended at $3, with 22,960 units changing hands, One Caribbean Media finished at $4 in an exchange of three shares, Prestige Holdings lost 8 cents in ending at $7 after 14 stock units crossed the market. Republic Financial Holdings increased 99 cents to close at $141 while exchanging 908 stocks, Scotiabank gained $1 in ending at $78 after trading 166 stock units Trinidad & Tobago NGL ended unchanged at $20.80 in switching ownership of 14,261 stocks. Trinidad Cement dropped 10 cents in closing at $3.50 with the swapping of 10,000 shares and Unilever Caribbean ended unchanged at $17.50, with an exchange of 9,648 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Losses no gains for JSE USD Market
May 24, 2022 by
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Trading at the close of the Jamaica Stock Exchange US dollar market on Tuesday ended with the volume of stocks traded rising 154 percent with a 48 percent more value than on Friday, resulting in 10 securities trading, compared to eight on Friday with no rising, four declining and six left unchanged.
The JSE US Denominated Equities Index gained 0.35 points to end at 210.32. The PE Ratio, a measure used in computing appropriate stock values, averages 9.1. The PE ratio uses ICInsider.com earnings forecasts for companies whose financial year ends up to August 2023.
Overall, 1,415,498 shares traded for US$75,783, up from 557,891 units at US$51,094 on Friday.
Trading averaged 141,550 units at US$7,578, compared to 69,736 shares at US$6,387 on Friday, with a month to date average of 50,121 shares at US$3,315 versus 43,590 units at US$3,011 on the previous day. April ended with an average of 95,379 units for US$3,929.
Investor’s Choice bid-offer indicator shows one ended with a bid higher than the last selling prices and one stock with a lower offer.
At the close, First Rock Capital USD share remained at 7.94 US cents with the swapping of 3,811 shares, Margaritaville ended unchanged at 15 US cents, with 109 stocks changing hands, Productive Business Solutions finished at 98 US cents after 758 stock units crossed the market.
Proven Investments lost 0.75 cents in closing at 26 US cents after 159,470 units changed hands, Sterling Investments declined 0.02 of a cent in ending at 2.14 US cents in an exchange of 19,557 units, Sygnus Credit Investments USD share dropped 0.15 of a cent to close at 12.35 US cents as 179,120 stocks changed owners. Sygnus Real Estate Finance USD share remained at 12.5 US cents after exchanging 50 stock units and Transjamaican Highway shed 0.02 of a cent to end at 0.98 of one US cents in exchanging 1,052,537 shares.
In the preference segment, JMMB Group 5.75% finished at US$2.323 with 85 units clearing the market and JMMB Group 6% ended unchanged at US$1.10, trading just one stock.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Investors dumped stocks to buy IPO
May 24, 2022 by
Prices plunged on the Jamaica Stock Exchange Main Market Tuesday after 56 securities traded compared to 58 on Friday, leading to a mere five rising, 46 declining and five ending unchanged market activity ended, with the volume of stocks traded surging 264 percent and the value climbing 155 percent more than on Friday as investors sold stocks to raise funds to purchase shares in the latest IPO – Dolla Financial, hitting the market later this week.
At the close, five stocks, including PanJam Investment, ended at a 52 weeks’ low. The All Jamaican Composite Index plunged 7,520.59 points to settle at 442,250.18, the JSE Main Index dived 6,564.71 points to 385,333.83 and the JSE Financial Index slipped 1.13 points to 92.59.
The PE Ratio, a formula for computing appropriate stock values, averages 14.1. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to August 2023.
A total of 24,048,471 shares were exchanged for $165,423,987 up from 6,597,987 units at $64,884,016 on Friday. Trading averages 429,437 units at $2,954,000, versus 113,758 shares at $1,118,690 on Friday and month to date, an average of 242,561 units at $4,088,390, compared to 229,769 units at $4,160,020 on the previous trading day. April closed with an average of 532,209 units at $5,709,319.
Wigton Windfarm led trading with 6.0 million shares for 24.9 percent of total volume, followed by Transjamaican Highway with 3.97 million units for 16.5 percent of the day’s trade, QWI Investments chipped in with 2.71 million units for 11.3 percent market share, Sagicor Select Financial Fund ended with 2.48 million units for 10.3 percent of the day’s trade and 1834 Investments, 1.16 million units for 4.8 percent of trading.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Berger Paints dropped $2.21 to close at a 52 weeks’ low of $10.01 after an exchange of 16,122 shares, Caribbean Cement shed $1.49 to end at $60.51, with 126,043 units crossing the market, Caribbean Producers lost 55 cents in closing at $14.30, with 626,248 stocks changing hands. Carreras popped 60 cents to $9.90, trading 149,627 stock units, Eppley fell $6.50 to close at $43 after 5,479 stocks passed through the exchange, Eppley Caribbean Property Fund declined $7.27 to close at $40 in exchanging 12,460 units. First Rock Capital declined 64 cents to $11.52 after an exchange of 32,461 stock units, GraceKennedy dropped $2.67 in ending at $107.32, while exchanging 151,958 shares, Guardian Holdings fell $19 to end at $511 in switching ownership of 3,283 stocks. Jamaica Broilers increased $1.20 in closing at $28.30 in an exchange of 76,347 stock units, Jamaica Stock Exchange shed 95 cents to close at $19.05 after 14,387 units crossed the market, JMMB Group lost $2.25 in ending at $43 after exchanging 452,538 shares. Key Insurance declined 68 cents to close at a 52 weeks’ low of $3.60, trading 128,492 stocks, Kingston Wharves shed $2.09 to $36.11 with the swapping of 9,310 stock units, Mayberry Jamaican Equities lost $1 in closing at $13 with an exchange of 793,609 units. 138 Student Living fell 82 cents in closing at $4.35, with 98,926 shares clearing the market, Palace Amusement dropped $90 to $950, trading 51 stocks, PanJam Investment lost $13.50 to close at a 52 weeks’ low of $53 in trading 22,176 units. Proven Investments shed $2.50 to end at $36 after exchanging 42,595 shares, Pulse Investments dropped 40 cents to $3.59 with an exchange of 170,274 stock units, Sagicor Group advanced $1.40 to $56, with 211,959 stock units crossing the market. 
Scotia Group fell 60 cents in closing at $35.20 with an exchange of 87,916 stocks, Seprod declined 49 cents to end at $71.50 after exchanging 22,654 shares, Stanley Motta dropped 40 cents to close at $5.10, with 3,885 units clearing the market. Supreme Ventures fell $2.05, ending at $27.95 while exchanging 525,207 units, Sygnus Credit Investments shed 70 cents to close at $15.50 in exchanging 308,530 stock units, Sygnus Real Estate Finance lost $1 to end at a 52 weeks’ low of $14 after trading 4,006 stocks. Victoria Mutual Investments declined 36 cents in closing at a 52 weeks’ low of $5.21 in switching ownership of 449,801 shares and Wisynco Group fell $1.48 to $20, with 247,442 stocks crossing the market.
In the preference segment, JMMB Group 7.25% preference share lost 40 cents after ending at $2.85, trading 145 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big drop for Junior market stocks
May 24, 2022 by
Trading closed on the Jamaica Stock Exchange Junior Market Tuesday, with the volume of stocks traded surging 318 percent as 292 percent more funds were extracted from the market compared to Friday as investors eye the latest IPO to come to market and pushed five stocks to freeze in trading shortly after trading opened.
All 45 listed securities traded compared to 43 on Friday, with 36 declining. Only three gained and six closed unchanged, pushing the Junior Market Index down by a hefty 228.07 points or 5.52 percent to close at 4,129.74.
The PE Ratio, a measure of computing appropriate stock values averages 12.6. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial years closing up to the end of August 2023.
Overall, 24,253,233 shares traded for $99,156,469 up from 5,807,347 units at $25,315,609 on Friday. Trading averaged 538,961 shares at $2,203,477 up from 135,055 shares at $588,735 on Friday with month to date, averaging 430,189 units at $1,853,550 compared to 422,694 units at $1,829,436 on the previous trading day. April closed with an average of 449,923 units at $1,781,786.
Spur Tree Spices led trading with 2.80 million shares for 11.6 percent of total volume, followed by Lumber Depot, 2.44 million units for 10.1 percent of the day’s trade, EduFocal ended with 2.29 million units for 9.4 percent market share, Jamaican Teas chipped in with 1.88 million units for 7.8 percent of trading, JFP Ltd ended with 1.70 million units for 7 percent market share and Tropical Battery, 1.69 million units for 7 percent of the market.
Investor’s Choice bid-offer indicator shows none ended with the bid higher than the last selling price and three with lower offers.
At the close, Access Financial dropped $2.21 to end at $20.91 after exchanging 13,794 shares, Blue Power rose 25 cents to $4, trading 80 units, Cargo Handlers declined $1.30 in closing at $10.40, with 13,101 stocks crossing the market. Caribbean Cream lost 45 cents to close at $4.72, with 65,045 stock units clearing the market, Consolidated Bakeries shed 19 cents to $1.20 after 374,062 stocks crossed the exchange, Derrimon Trading fell 12 cents to close at $2.90 in an exchange of 1,291,861 shares. Dolphin Cove fell $1.62 in closing at $16.98 after exchanging 395,202 stock units, but it traded as low as $14 in early morning trading, EduFocal lost 42 cents to end at $2.75, with 2,290,798 units crossing the market, Elite Diagnostic declined 43 cents in ending at $3.51 with 870,148 units changing hands. Express Catering shed 26 cents to end at $5.54 in switching ownership of 687,522 shares, Fontana dropped 10 cents after ending at $9.90 while exchanging 776,176 stock units, Fosrich shed $3 to end at $25 in trading 469,131 stocks. Future Energy Source lost 72 cents to close at $5.52 with the swapping of 1,391,166 stock units, Honey Bun fell $1.19 in closing at $8.01 after exchanging 111,904 units, iCreate declined 37 cents to $3.19, with 506,855 shares changing hands. Iron Rock Insurance dropped 20 cents to $3.10, trading 1,873 stocks, ISP Finance dropped $7 to close at $22.50 with an exchange of 23 stock units, Jamaican Teas fell 25 cents to end at $3.16, trading 1,881,644 stocks. Jetcon Corporation declined 26 cents in closing at $1.30 in exchanging 569,058 units, JFP Ltd lost 27 cents to end at $1.33 after 1,703,508 shares crossed the market, KLE Group popped 10 cents to close at $2.40 with 1,135 shares clearing the market. 
Knutsford Express shed 20 cents to $7.60 with the swapping of 11,987 stocks, Lasco Financial fell 22 cents in closing at $3.31 after trading 100,336 units,Lasco Manufacturing declined 11 cents in ending at $5, with 40,055 stock units changing hands. Lumber Depot lost 30 cents to end at $3.11 with an exchange of 2,444,142 stock units, Mailpac Group dropped 33 cents in closing at $2.61 after trading 905,286 units, Main Event shed 60 cents to $8.30 in switching ownership of 62,663 shares. Medical Disposables declined 45 cents in ending at $7.55 after 48,201 stocks crossed the exchange, Paramount Trading dropped 22 cents to end at $1.80 in trading 37,686 shares, Spur Tree Spices shed 35 cents to close at $3.50 after exchanging 2,804,435 stock units. Stationery and Office Supplies lost 15 cents to close at $12 in an exchange of 138,126 stocks, but the stock traded as low as $10 before rebounding, Tropical Battery fell 40 cents to end at $2.45, with 1,687,606 units crossing the market and tTech declined 10 cents in ending at $3.50 after exchanging 63,018 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for Trinidad stock market
May 24, 2022 by
Market activity ended on Tuesday on the Trinidad and Tobago Stock Exchange, with the volume of stocks traded surging 649 percent and the value up 116 percent above Monday trades.
A total of 18 securities were traded compared to 19 on Monday, with stocks rising, declining and remaining unchanged, sharing six each.
The Composite Index rose 3.50 points to 1,410.06, the All T&T Index climbed 7.79 points to 2,053.67 and the Cross-Listed Index shed 0.15 points to close at 101.00.
A total of 2,119,273 shares were traded for $11,146,335, up from 282,928 units at $5,172,007 on Monday. An average of 117,737 units traded at $619,241 compared to 14,891 shares at $272,211 on Monday, with trading month to date averaging 45,777 units at $476,681 versus 41,264 units at $467,740 on the prior trading day. The average trade for April amounts to 43,127 units at $458,871.
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, Agostini’s ended unchanged at $47.25 with the swapping of 1,381 shares, Angostura Holdings declined 1 cent in ending at $22.89 282, with stock units crossing the market, Ansa McAl remained at $55.55 trading 2,740 stocks. Clico Investment Fund fell 20 cents to $28.80 in an exchange of 640 units, First Citizens Group finished at $52.10 with 1,755 stock units clearing the market, GraceKennedy increased 19 cents to $5.80 in switching ownership of 878,639 shares. 
Guardian Holdings dropped 28 cents in ending at $27.25 after exchanging 16,553 units, Guardian Media lost 6 cents to close at $3.04 while exchanging 181 stocks, JMMB Group gained 14 cents to end at $2.50 in trading 197,401 units. Massy Holdings advanced 14 cents to $5.20 after an exchange of 289,230 stocks, National Enterprises popped 8 cents to end at $3 with an exchange of 670,040 stock units, National Flour Mills shed 15 cents to close at $1.65, with 1,000 shares crossing the exchange. NCB Financial Group fell 25 cents to $5.75, with 6,220 stock units crossing the market, One Caribbean Media finished at $4 after trading 343 shares, Scotiabank remained at $77, with 2,766 stocks changing hands. Trinidad & Tobago NGL ended unchanged at $20.80 after exchanging 9,433 units, Unilever Caribbean popped 1 cent after ending at $17.50 in an exchange of 28,078 stocks and West Indian Tobacco rallied 99 cents to close at $23.50 after exchanging 12,591 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Mixed trading for Trinidad and Tobago stocks
May 23, 2022 by
Market activity ended on Monday on the Trinidad and Tobago Stock Exchange, with the volume of stocks traded declining by 34 percent and the value 52 percent lower than on Friday, resulting in an exchange of 19 securities, up from 16 on Friday, with rising and declining stocks sharing five each while nine remained unchanged.
Trinidad & Tobago Stock Exchange Head Quarters
The Composite Index fell 5.58 points to 1,406.56, the All T&T Index rallied 2.64 points to close at 2,045.88 and the Cross-Listed Index lost 2.01 points to end at 101.15.
Overall, 282,928 shares traded for $5,172,007 against 429,853 units at $10,781,618 on Friday. An average of 14,891 units traded at $272,211 versus 26,866 shares at $673,851 on Friday, with trading month to date averaging 41,264 units at $467,740 versus 43,133 units at $481,602 on the previous trading day. The average trade for April amounts to 43,127 units at $458,871.
Investor’s Choice bid-offer indicator shows one stock ending with the bid closing higher than their last selling price and one with a lower offer.
At the close, Agostini’s remained at $47.25 in trading 51,200 shares, Angostura Holdings popped 1 cent in ending at $22.90 with an exchange of 2,225 stocks, CinemaOne rose 30 cents in closing at $2.30 after finishing trading of 5 stock units. Clico Investment Fund ended unchanged at $29 after an exchange of 4,446 units, Endeavour Holdings finished at $7.50, trading 250 shares, First Citizens Group closed trading of 3,965 units at $52.10. FirstCaribbean International Bank ended unchanged at $5.25 after 2,005 stock units passed through the market, GraceKennedy shed 37 cents to close at $5.61 after exchanging 200 stocks, Guardian Holdings remained at $27.53 in switching ownership of 751 shares.
JMMB Group declined 14 cents to end at $2.36 with the swapping of 79,069 units, Massy Holdings lost 4 cents to close at $5.06 in exchanging 57,716 stocks, National Flour Mills ended unchanged at $1.80, with 100 stock units clearing the market. One Caribbean Media finished at $4 in an exchange of 197 shares, Republic Financial Holdings remained at $140.01 after 370 stocks crossed the market, Scotiabank dropped $1 in ending at $77, with 1,586 stock units changing hands. Trinidad & Tobago NGL rallied 7 cents ending at $20.80 after an exchange of 38,733 units, Trinidad Cement increased 10 cents in closing at $3.60 while trading 1,368 stocks, Unilever Caribbean gained 99 cents to end at $17.49 in switching ownership of 4,021 units and West Indian Tobacco fell 99 cents to close at a 52 weeks’ low of $22.51, with 34,721 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Dolla Financial joins ICTOP10
May 21, 2022 by
The next stock slated to list on the Junior Market of the Jamaica Stock Exchange, Dolla Financial Services, joins ICTOP110 at the number one spot, with 2022 earnings projected at 20 cents per share and potential gains for the stock of 300 percent. The issue opens on Friday, 27 and 500 million shares being offered should be fully taken up by the public.
The other stock to climb into the ICTOP10 this week is Lasco Distributors, back in at the number 10 spot.
The markets pulled back this week, resulting in mixed performances for ICTOP10 stocks. In the Junior Market, following the release of March quarter results, Jetcon Corporation jumped 16 percent for the week to lead the Junior Market performances, Medical Disposables posted a 10 percent rise to $8, Access Financial gained 8 percent, while Caribbean Assurance Brokers lost13 percent in closing at $2.25 to be the only significant loser. TOP10 Main Market stocks had no meaningful gains. At the same time, Productive Business Solutions fell 17 percent to 98 US cents, VM Investments lost 9 percent and Radio Jamaica fell 5 percent, followed by JMMB Group with a 4 percent decline.
There were no movements in and out of the ICInsider.com TOP10 Main Market listing this week, but the Junior Market has two, with Dolphin Cove and Jetcon Corporation dropping out.
Investors should be on the lookout for companies with March year end that have not yet reported earnings. Amongst the grouping is the three Lasco companies that could get price moving punch from the results. Watch also Access and Medical Disposables, with the latter sitting close to the TOP of the list.
The average PE for the JSE Main Market TOP 10 ends the week at 6.2, well below the market average of 15, while the Junior Market PE for the Top 10 sits at 6.1 versus the market at 13.5. The Junior Market TOP10 is projected to gain an average of 226 percent by May 2023 and the Main Market 215 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. They 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 and result 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 stocks rose than fell in Trinidad
May 20, 2022 by
Market activity ended on Friday, with the volume of stocks traded rising after trading moderately more shares, with the value jumping 170 percent more than on Thursday, at the close of the Trinidad and Tobago Stock Exchange.
Sixteen securities traded compared to 15 on Thursday, with five rising, three declining and eight ended unchanged. The Composite Index lost 1.99 points to end at 1,412.14, the All T&T Index fell 3.85 points to 2,043.24 and the Cross-Listed Index remained at 103.16.
Overall, $10,781,618 chased 429,853 shares versus 421,946 units for $3,986,805 on Thursday. An average of 26,866 units traded at $673,851 compared to 28,130 shares at $265,787 on Thursday, with trading month to date averaging 43,133 units at $47481,602 versus 42,520 units at $453,575. The average trade for April amounts to 43,127 units at $458,871.
Investor’s Choice bid-offer indicator shows two ended with bids higher than their last selling prices and two stocks with lower offers.
At the end, Ansa McAl declined $1.45, ending at $55.55 after 1,017 shares crossed the market, Clico Investment Fund ended unchanged at $29 with the swapping of 161,105 stock units, First Citizens Group fell 90 cents in closing at $52.10 after exchanging 1,269 stocks. FirstCaribbean International Bank finished at $5.25, with 10,800 units clearing the market, Guardian Media remained at $3.10 after trading 4,420 stocks, Massy Holdings gained 10 cents to $5.10 in switching ownership of 44,518 shares. 
National Enterprises finished at $2 after 5,000 stock units passed through the exchange, National Flour Mills climbed 15 cents to close at $1.80 after exchanging 70 units, One Caribbean Media remained at $4 with 4,700 units crossing the market. Prestige Holdings advanced 38 cents to end at $7.08, with 60 stocks changing hands, Republic Financial Holdings popped 1 cent to $140.01 with an exchange of 322 stock units, Scotiabank ended unchanged at $78 in an exchange of 26,688 shares. Trinidad & Tobago NGL dropped 1 cent in closing at $20.73 in trading 138,717 units, Trinidad Cement remained at $3.50 after exchanging 50 stock units, Unilever Caribbean ended at $16.50 while exchanging 4,833 shares and West Indian Tobacco rose 50 cents to end at $23.50 after trading 26,284 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
