Trading closed on Thursday, with the volume of stocks traded declining moderately fewer shares, with the value rising 180 percent higher than on Wednesday of the Jamaica Stock Exchange.
The number of securities trading fell from eight on Wednesday to six at the close of trading and ended with none rising, four declining and two closing unchanged.
At the close, Junior Market Index declined by 0.81 points to close at 206.36.
The PE Ratio, a measure used to compute appropriate stock values, averages 13.3. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 213,386 shares traded for $45,604 compared to 224,009 units at $16,302 on Wednesday. Trading averaged 35,564 shares at $7,601 in contrast to 28,001 shares at $2,038 on Wednesday with month to date, averaging 57,353 units at $5,527, compared to 59,029 units at $5,367 on the previous day. February closed with an average of 87,719 units at $9,318.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and three stocks with lower offers.
At the close, First Rock Capital USD share fell 0.99 of a cent to close at 7.5 US cents with 1,161 shares clearing the market, Margaritaville remained at 18 US cents in an exchange of 1,306 units, Proven Investments declined 0.42 of a cent in closing at 23.4 US cents after trading 178,456 stock units. Sygnus Credit Investments USD share dropped 0.45 of a cent to 12.5 US cents in trading 1,463 stocks and Transjamaican Highway finished at 0.9 US cents with the swapping of 28,700 units.
In the preference segment, JMMB Group 6% shed 10.99 cents to close at 99.01 US cents in switching ownership of 2,300 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD market slips on Thursday
Rebound in TTSE market index
The volume of stocks trading on the Trinidad and Tobago Stock Exchange surged 81 percent with 61 percent higher value than on Wednesday as market activity ended on Thursday and resulted in declining stocks just edging out those rising, but the two main indices rose.
A total of 19 securities were traded, down from 21 on Wednesday and ended with six rising, seven declining and six ending unchanged. NCB Financial ended at another 52 weeks’ low at the close. The Composite Index rose 4.80 points to 1,455.20, the All T&T Index gained 19.00 points to close at 2,109.44 and the Cross-Listed Index shed 1.46 points to end at 105.74.
A total of 772,155 shares traded for $9,128,376 compared to 426,637 units at $5,652,647 on Wednesday. An average of 40,640 units traded at $480,441 versus 20,316 shares at $269,174 on Wednesday, with trading month to date averaging 35,697 units at $438,371 versus 35,250 units at $434,565 on the previous day. The average trade for February amounts to 47,858 units at $516,870.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Agostini’s declined $1.75 in closing at $48 after exchanging a mere 3 shares, Angostura Holdings shed 25 cents to end at $19.75, with 58,618 stock units clearing the market, Ansa McAl remained at $57 in exchanging 9,751 stocks. Clico Investment Fund increased $1.24 to close at $30.24 in trading 70,291 units, Endeavour Holdings dropped 25 cents to $7.50 in switching ownership of 1,900 stock units, First Citizens Group popped $1 in closing at $55 after trading 2,484 units. FirstCaribbean International Bank finished at $6.08 with the swapping of 9,250 shares, GraceKennedy fell 4 cents to close at $5.95, with 2,361 stocks changing hands, Guardian Holdings slipped 1 cent to $28.99 trading 70 units. JMMB Group ended unchanged at $2.25 in an exchange of 12,553 stock units, Massy Holdings rallied 10 cents in closing at $6 after 467,294 stocks crossed the exchange, National Flour Mills ended at $1.85 after exchanging 9,855 shares. NCB Financial Group dropped 11 cents to a 52 weeks’ low of $6.09 after 25,070 stocks changed hands, Republic Financial Holdings rose $2 to close at $142, after 134 shares crossed the market, Scotiabank finished at $78 trading 35 units. Trinidad & Tobago NGL climbed $1.62 to end at $20.65 with an exchange of 9,893 stock units, Trinidad Cement declined 5 cents in closing at $3.70 while exchanging 3,000 units, Unilever Caribbean advanced 5 cents to close at $15.25 after 44,465 stocks crossed the market and West Indian Tobacco remained at $24 in an exchange of 45,128 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JFP IPO pulls in 5,062 shareholders
Following a successful initial public offer of 280 million shares that were offered to the public to raise $280 million by JFP Limited a décor and furniture manufacturing company, amassed a total of 5,062 shareholders following the public issue.
The company was listed on the Junior Market of the Jamaica Stock Exchange and Monday brought the total listings on the market to 44, the number of listed companies to 43 and the listing of companies on the exchange to 97 companies.
“The JFP could not be listed without the work of its founder Stephen Sirgany and the staff of JFP, who worked tirelessly to ensure that the Company is what it is today and to achieve the status of being listed on the Board of the Exchange,” Metry Seaga, Chief Executive Officer stated in his address at the listing ceremony.
“I want to encourage SMEs to stay the course, overcome the hurdles and you will be able to achieve great results, such as listing on the Board of the Exchange,” JFP’s CEO advised.
“The markets have been busy creating millionaires and we are happy that the Jamaica Stock Exchange could have provided the facilities for persons in Jamaica to create wealth. Companies are creating wealth through JSE’s facilities. Jamaicans don’t have to sit on the sideline and watch these companies create wealth, but they can now share in the whole process”, Ryan Strachan, VP Investor Relations at GK Capital Management Limited, the Lead Broker, stated in addressing the audience.
The stock that was issued at $1 each traded on Thursday morning at $1.91 for a gain of 91 percent over the issue price.
Consolidation continues for JSE USD Market
Trading on Wednesday ended with the volume of shares changing hands rising 143 percent with a 26 percent lower than on Tuesday, at the close of the Jamaica Stock Exchange US dollar market, resulting in an even number of stocks rising than declining.
A total of eight securities traded, compared to two on Tuesday with three rising, three declining and two ending unchanged.
The JSE US Denominated Equities Index slipped 0.05 points to end at 207.17.
The PE Ratio, a measure used in computing appropriate stock values, averages 14.6. The PE ratios are computed using ICInsider.com earnings forecasts for companies with financial years, up to August 2022.
Overall, 224,009 shares traded, for US$16,302 compared to 92,125 units at US$22,039 on Tuesday. Trading averaged 28,001 units at US$2,038, down from 46,063 shares at US$11,019 on Tuesday and month to date an average of 59,029 shares at US$5,367 versus 62,575 units at US$5,747 on the previous day. February ended with an average of 87,719 units for US$9,318.
Investor’s Choice bid-offer indicator shows no stock ending with the bid higher than the last selling price and two with a lower offer.
At the close, Margaritaville added 1 cent in closing at 18 US cents, with 240 shares crossing the market, Proven Investments declined 0.18 of a cent to end at 23.82 US cents after 36,784 stocks changing hands, Sterling Investments popped 0.3 of a cent to 2.3 US cents, with just 170 stock units crossing the exchange. Sygnus Credit Investments USD share remained at 12.95 US cents while exchanging 10,229 units, Sygnus Real Estate Finance USD share dropped 0.01 of a cent after ending at 15.99 US cents with the swapping of 175 shares and Transjamaican Highway rose 0.02 of a cent to 0.9 US cents in trading 173,656 units.
In the preference segment, JMMB Group 5.75% fell one cent to US$2.02 after exchanging 1,755 stocks and JMMB Group 6% finished at US$1.10, with 1,000 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks plunged on Trinidad & Tobago Stock Exchange
Stocks plunged in trading on the Trinidad and Tobago Stock Exchange at the close on Wednesday and resulted in just one stock rising, 10 declining and 10 ending unchanged as a total of 21 securities traded compared to 20 on Tuesday leaving the main indices with big losses.
At the close the Composite Index dropped 18.52 points to 1,450.40, the All T&T Index plunged 40.15 points to settle at 2,090.44, but the Cross-Listed Index popped 0.65 points to settle at 107.20.
A total of 426,637 shares traded for $5,652,647 versus 764,642 units at $6,019,343 on Tuesday. An average of 20,316 units traded at $269,174 down from 38,232 shares at $300,967 on Tuesday, with trading month to date averaging 35,250 units at $434,565 versus 36,909 units at $452,942 previously. The average trade for February amounts to 47,858 units at $516,870.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Agostini’s lost 25 cents to end at $49.75 after exchanging 21 shares, Ansa McAl ended unchanged at $57 in swapping 44,403 stock units, Calypso Macro Investment Fund advanced 19 cents to close at $17.25 with 1,757 units changing hands. Clico Investment Fund finished at $29 trading 26,849 stocks, First Citizens Group fell $4.99 in ending at $54 after an exchange of 610 stocks, FirstCaribbean International Bank remained at $6.08, with 34,730 stock units crossing the exchange. GraceKennedy shed 1 cent in closing at $5.99 crossing trading 1,000 shares, Guardian Holdings declined 50 cents to close at $29 in switching ownership of 1,104 units, JMMB Group finished at $2.25 after exchanging 10,000 shares. L.J. Williams B share remained at $2.10 with the swapping of 25 units, Massy Holdings dropped 10 cents to close at $5.90, with 288,551 stocks clearing the market, National Enterprises dropped 7 cents in closing at $2.85 after trading 7,106 stock units. NCB Financial Group lost 30 cents ending at a 52 weeks’ low of $6.20 after finishing trading 4,000 units, One Caribbean Media shed 5 cents to end at $4.15, with 1,000 stocks crossing the market, Point Lisas ended at $3.50, with 50 shares changing hands. Prestige Holdings closed at $7.10 while exchanging 100 stock units, Republic Financial Holdings finished at $140 with an exchange of 286 shares, Scotiabank fell $3.99 to end at $78 in switching ownership of 1,225 units. Trinidad & Tobago NGL declined $1.82 to $19.03 with the swapping of 1,000 stock units, Trinidad Cement remained at $3.75 trading 10 stocks and West Indian Tobacco finished at $24 in exchanging 2,810 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trinidad stocks lose ground
Market activity ended on Tuesday and resulted in more stocks declining than rising at the close of trading, after 35 percent fewer shares traded, with 22 percent lower value than on Monday, on the Trinidad and Tobago Stock Exchange.
A total of 20 securities traded up from 19 on Monday, with seven rising, nine declining and four were unchanged. The Composite Index fell 2.73 points to 1,468.92, the All T&T Index shed 7.69 points to close at 2,130.59 and the Cross-Listed Index rose 0.36 points to settle at 106.55.
A total of 764,642 shares traded for $6,019,345 versus 1,173,748 units at $7,641,769 on Monday.
An average of 38,232 units traded at $300,967 down from 61,776 shares at $402,219 on Monday, with trading month to date averaging 36,909 units at $452,942 versus 36,753 units at $470,927. The average trade for February amounts to 47,858 units at $516,870.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Ansa McAl ended at $57 in an exchange of 1,245 shares, Calypso Macro Investment Fund fell 6 cents in closing at $17.06 while exchanging 1,243 units, Endeavour Holdings shed 25 cents to close at $7.75, with 7,500 stock units clearing the market. First Citizens Group dropped 91 cents to end at $58.99 in switching ownership of 2,828 stocks, FirstCaribbean International Bank finished at $6.08 in exchanging 59,365 units, GraceKennedy remained at $6 trading 19,390 stock units. Guardian Holdings declined 4 cents in closing at $29.50 with 5,239 shares changing hands, JMMB Group slipped 5 cents to $2.25 with an exchange of 61,682 stocks, L.J. Williams B share increased 15 cents to close at a 52 weeks’ high of $2.10 in trading 4,500 shares. Massy Holdings fell 1 cent to $6 trading 515,384 units, National Enterprises declined 3 cents to $2.92 after trading 1,600 stocks, National Flour Mills popped 1 cent to close at $1.85 after exchanging 15,146 stock units. NCB Financial Group rallied 49 cents to a 52 weeks’ low of $6.50, with 14,528 shares crossing the market, One Caribbean Media climbed 5 cents in closing at $4.20 after 2,391 units changed hands, Prestige Holdings gained 10 cents to end at $7.10 with the swapping of 3,501 stock units. Republic Financial Holdings shed $1 to close at $140, with 1,213 stocks changing hands, Scotiabank advanced $7 in closing at 52 weeks’ high of $81.99 after 6,024 stocks crossed the market, Trinidad & Tobago NGL rose 33 cents in ending at $20.85 with the swapping of 13,935 shares. Unilever Caribbean dropped 5 cents to end at $15.20 with an exchange of 1,000 stock units and West Indian Tobacco ended unchanged at $24 in switching ownership of 26,928 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.