Emerging markets — Page 250

Surging volume for JSEUSD Market

January 31, 2022 by IC Insider.com

Trading ended on Monday, with the volume of shares changing hands surging 1,210 percent with 416 percent higher than on Friday, at the close of the Jamaica Stock Exchange US dollar market, resulting in three stocks falling to one rising.
Four securities changed hands, down from eight on Friday with prices of one rising and three declining and resulting in the JSE US Denominated Equities Index losing 2.88 points to end at 198.93.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.5. The PE ratio uses ICInsider.com earnings forecasts for companies with the financial year up to August 2022.
Overall, 2,476,312 shares traded, for US$55,475 compared to 188,974 units at US$10,744 on Friday.
Trading averaged 619,078 units at US$13,869, compared to 23,622 shares at US$1,343 on Friday and month to date an average of 91,572 shares at US$7,142 versus 74,418 units at US$6,924 on Friday. December ended with an average of 439,975 units for US$68,382.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than their last selling prices and none with a lower offer.
At the close, Productive Business Solution shed 1 cent to US$1 after 99 shares changed hands, Proven Investments lost 1.95 cents in closing at 21 US cents after exchanging 151,817 stock units, Sygnus Credit Investments USD share declined 0.95 of a cent after ending at 12 US cents crossing the exchange 12,542 units and Transjamaican Highway advanced 0.12 of a cent to close at 0.95 of one US cents in switching ownership of 2,311,854 stock units.

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

Stocks up 2% on Trinidad Stock Exchange

January 31, 2022 by IC Insider.com

Stocks recorded gains of almost two percent in January at the close of market activity on Monday with more stocks falling than rising at the close of trading, after trading 31 percent fewer shares changed hands than on Friday, on the Trinidad and Tobago Stock Exchange as 24 securities traded up from 21 on Friday, with four rising, six declining and 14 remaining unchanged.
The Composite Index dipped 0.69 points to 1,522.67, the All T&T Index slipped 1.33 points to 2,131.68 and the Cross-Listed Index remained unchanged at 122.08.
A total of 539,621 shares traded for $7,631,985 up from 778,680 units at $8,157,581 on Friday. An average of 22,484 units traded at $317,999 up from 37,080 shares at $388,456 on Friday, with trading month to date averaging 39,943 units at $369,498 versus 41,079 units at $372,826. The average trade for December amounts to 21,703 units at $306,768.
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 fell 75 cents to $44.50 while exchanging one share, Angostura Holdings finished at $19.99 trading 2,001 stock units, Ansa McAl ended at $59 after exchanging 42 units. Calypso Macro Investment Fund remained at $16.75 with investors swapping 640 stocks, CinemaOne dropped 15 cents to close at $4.05, with 851 units crossing the exchange, Clico Investment Fund declined $1.50 to $28.50, with 7,961 stocks changing hands. First Citizens Group ended at $64.49 with an exchange of 24 stock units, FirstCaribbean International Bank remained at $6.14, with one share crossing the market, GraceKennedy lost 4 cents to $6.11 in switching ownership of 9,047 shares. Guardian Holdings finished at $30 after exchanging 439 stock units, Guardian Media remained at $3.10 after 1,914 stocks crossed the market, JMMB Group closed at $2.35 with the swapping of 2,581 units. L.J. Williams B share advanced 8 cents to $1.80 after the trading of 3,379 units, Massy Holdings ended at $106 in an exchange of 34,668 stock units, National Enterprises climbed 13 cents to end at $3.25 after exchanging 315 stocks. NCB Financial Group shed 1 cent to end at $8, with 300,855 shares clearing the market, One Caribbean Media shed 10 cents to $4.10 trading 5,001 units, Point Lisas remained at $3.27 after exchanging 152,249 stocks. Prestige Holdings popped 4 cents to close at $7.04 after 30 shares crossed the market, Republic Financial Holdings popped 66 cents to $142, with1,000 stock units crossing the exchange, Scotiabank finished at $72 after clearing the market with 3,431 stocks. Trinidad & Tobago NGL ended at $19.99 after trading 10,007 stock units, Unilever Caribbean remained at $16 with 1,589 shares changing hands and West Indian Tobacco ended at $27.50 in trading 1,595 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, Calypso Micro Index Fund, Cinemaone, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, LJ Williams, Massy Holdings, National Enterprises, NCB Financial Group, One Caribbean Media, Point Lisas, Prestige Holdings, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean, West Indian Tobacco

More fresh ICTOP10 listings

January 30, 2022 by IC Insider.com

The markets were active this past week with the Junior Market closing at record highs on Thursday and Friday while the main market rose 2,750 points for the week, with former ICTOP10 listed Caribbean Producers hitting a record high of $20 at the close on Friday, up 19 percent from $16.74 last week and a stunning 614 since the start of 2021 as three TOP10 Main Market stocks enjoyed decent gains.
Access Financial fell from the Junior Market ICTOP10, with results for the nine months to December indicating that earnings for the full year will be in the $2 region rather than $2.60 that ICInsider.com previously projected, but it remains high on the 2022 TOP10. Elite Diagnostic traded at a 52 weeks’ high of $4.40 on Friday and ended at $3.73 with a gain of 7 percent in exiting the TOP10. Lumber Depot rose 10 percent to $3.20 and dropped out of the top listing. AMG Packaging rose 18 percent to end at $3.59, while Caribbean Assurance Brokers and Stationery & Office Supplies both gained 3 percent to remain in the TOP10. There are no new listings for the TOP10 Main Market for the week.
Guardian Holdings climbed 6 percent to close at $550, JMMB Group rose 8 percent to $40.99 and Sygnus Credit Investments jumped 10 percent to $15.84.
The sharp price movements in the Junior Market over the recent past weeks reduced the potential gains markedly, with the average increase projected for the TOP 10 Junior Market stocks now at 114 percent versus 119 percent last week and is now lower than the Main Market.
The top three stocks are Lasco Distributors followed by Caribbean Assurance Brokers and Lasco Financial to gain between 128 and 148 percent, compared to 131 and 150 percent, previously.
The potential gains for Main Market stocks moved from 139 percent to this weeks’ 131 percent, with the top three stocks being JMMB Group followed by Guardian Holdings and Sygnus Credit Investments all projected to gain between 155 and 193 percent from 151 and 254 percent last week.
After trading at a big discount to the Main Market for two years, the average PE for both the JSE primary markets has merged at 16.5 times 2021 earnings.
The Junior Market closed the week, with an average PE of 16.5 based on ICInsider.com’s 2021-22 earnings and is currently below the target of 20 and now very close to the average of 17 that was achieved at the end of March last year based on 2020 earnings. The TOP 10 stocks trade at a PE of a mere 9.4, with a 43 percent discount to that market’s average.
The Junior Market can gain 21 percent to March this year, based on an average PE of 20 that would take the index to 4,400 points. Twelve stocks representing 29 percent of all Junior Market stocks with positive earnings are trading at or above this level, averaging 25.
The average PE for the JSE Main Market is 16.5 just 15 percent less than the PE of 19 at the end of March and 21 percent below the target of 20 to March 2022. The Main Market TOP 10 average PE is 8.8 representing a 47 percent discount to the market and well below the potential of 20. A total of 14 stocks or 30 percent of the market trade at or above a PE of 19, with most over 20, for an average roundabout 25, suggesting that the accepted multiple is between 20 and 25 times the current year’s earnings.
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 March 2022 and 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 per share 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 Tagged With: Access Financial, Caribbean Assurance Brokers, Caribbean Producers, Daily Trading, Dolphin Cove, Emerging markets, GraceKennedy, Guardian Holdings, Jamaican Stock Exchange, Jamaican stocks, JMMB Group, junior market, Lasco Distributors, Lasco Financial, Medical Disposables, PANJAM Investment, Radio Jamaica, Scotia Group, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

Strong gains for JSE Main Market

January 28, 2022 by IC Insider.com

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Market activity ended on Friday with the volume of shares trading surging 337 percent higher and the value jumping 158 percent more than on Thursday on the Jamaica Stock Exchange Main Market as rising stocks equaled those declining and driving the market indices higher at the close.
The All Jamaican Composite Index jumped 2,421.50 points to 442,008.68, the JSE Main Index climbed 3,294.94 points to close at 400,464.81 and the JSE Financial Index rose 0.82 points to end at 98.84.
Trading ended with 57 securities up from 55 on Thursday, with 21 rising, 21 slipping and 15 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.6. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
A total of 43,055,479 shares traded for $551,820,655 up sharply from 9,854,246 units at $213,910,310 on Thursday. Wigton Windfarm led trading with 36.2 percent of total volume for an exchange of 15.57 million shares followed by Stanley Motta, 23.5 percent, with 10.11 million units, JMMB Group contributed 15.3 percent for 6.57 million units, Transjamaican Highway, 5.4 percent after trading 2.33 million units, Radio Jamaica accounted for 4 percent with a transfer of 1.74 million units and Sagicor Select Financial Fund, 2.9 percent after 1.24 million units changing hands.
Trading averages 755,359 units at $9,681,064 compared to 179,168 shares at $3,889,278 on Thursday and month to date, an average of 235,234 units at $2,349,866, compared to 205,968 units at $1,937,351 on the previous day. December closed with an average of 479,143 units at $6,686,322.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cement gained 30 cents to settle at $71.50 after exchanging 10,695 shares, Caribbean Producers rallied $2.20 to close at a record high of $20 with 580,139 stocks clearing the market, Eppley advanced $1.50 after ending at $36.50 in exchanging 626 units. Eppley Caribbean Property Fund climbed $4.40 to $42.20 in switching ownership of 226 stock units, GraceKennedy rose $1 to end at $103.50 with 59,146 shares crossing the market, Guardian Holdings popped $17 to end at $550 in trading 3,657 stocks. Jamaica Producers gained 50 cents to close at $23 with 7,351 stock units changing hands, JMMB Group rallied $1.49 to $40.99 with the swapping of 6,570,142 units, Kingston Wharves declined $1.60 to $40 in an exchange of 6,701 stocks. Margaritaville dropped $4.50 in closing at $18.50 in transferring 538 units, Massy Holdings climbed $256.92 to close at $2,720 with an exchange of 35,938 stock units, Mayberry Investments lost 35 cents to $7.50 in trading 1,005 shares. Palace Amusement fell $5 in closing at $940 with 40 units changing hands, PanJam Investment fell $2.50 to end at $63 in switching ownership of 12,061 stocks, Proven Investments gained 45 cents after ending at $32.45 with the swapping of 27,723 shares and Sagicor Group lost 39 cents to finish at $53.51 in exchanging 1,043,597 stock units.
In the preference segment, JMMB Group 7.25% gained 34 cents in closing at $3.58 with a transfer of 364 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, 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

Another record close for Junior Market Stocks

January 28, 2022 by IC Insider.com

The JSE Junior Market Index at an all-time high.

Following a long run with the Jamaica Stock Exchange Junior Market failing to take out the record 2019 high, the market ended for a second consecutive day at a new record closing high on Friday, with the Market Index gaining 26.21 points to finish the day at 3,695.94 after trading during the day at a high of 3,717.45 and ended with the volume of stocks traded, declining 31 percent and the value slipping 22 percent lower than on Thursday.
A total of 42 securities traded on Friday compared to 43 on Thursday and ended with 17 rising, 18 declining and seven closing unchanged. Five stocks hit 52 weeks highs during trading with four ended with a 52 weeks closing highs. The four ending with 52 weeks’ closing highs are Dolphin Cove, Fontana, Paramount Trading and Spur Tree Spices while Elite Diagnostic traded at an intraday high of $4.40 but closed much lower at the end.
The PE Ratio, a measure used to compute appropriate stock values, averages 16.4. 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.
A total of 9,892,920 shares were traded for $34,889,559 compared to 14,330,907 units at $44,562,678 on Thursday, with Spur Tree Spices leading trading with 2.86 million shares for 28.9 percent of total volume followed by Tropical Battery, 1.29 million units with 13.1 percent of the day’s trade and Consolidated Bakeries with 835,948 units for 8.4 percent market share.
Trading averaged 235,546 shares at $830,704 in contrast to 333,277 shares at $1,036,341 on Thursday and month to date, an average of 319,265 units at $1,177,146, compared to 323,991 units at $1,196,703 on the previous day. December closed with an average of 409,209 units at $1,318,877.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three stocks with lower offers.
At the close, Access Financial gained $1 to end at $25 after trading 15,121 shares, AMG Packaging rallied 27 cents to $3.59 in an exchange of 69,316 stocks, Cargo Handlers declined 15 cents in closing at $6.85, with 7,457 stock units changing hands. Caribbean Flavours popped 14 cents to $2.10, with 69,312 units crossing the market, Dolphin Cove advanced $3.39 to close at $25.99 after 320,349 stocks changed hands, Elite Diagnostic lost 27 cents to $3.73 in switching ownership of 109,106 stock units. Everything Fresh climbed 11 cents in ending at $1.10, with 323,809 units clearing the market, Fontana rose 25 cents to close at $8.10 after trading 144,018 shares, Fosrich increased 12 cents in closing at $14.95 with 40,024 units crossing the exchange. Honey Bun gained 34 cents to end at $9.59 in exchanging 14,708 shares, Iron Rock Insurance dropped 20 cents in closing at $3.10, trading 16,484 stock units, ISP Finance climbed $1.51 to close at $37 with an exchange of 231 stocks. Lasco Financial fell 18 cents to end at $3.07 while exchanging 9,377 stock units, Medical Disposables shed 57 cents after ending at $6.72 with the swapping of 109,016 shares, Spur Tree Spices increased 33 cents to $2.76 in an exchange of 2,862,464 stocks. SSL Venture lost 17 cents to close at $1.73 after exchanging 156,015 units, Stationery and Office Supplies shed 10 cents to end at $5.90 exchanging 21,937 stock units and tTech dropped 20 cents after ending at $4 in trading 800 units.

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, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Steady trading on JSE USD Market

January 28, 2022 by IC Insider.com

Trading on Friday ended with the volume of shares changing hands being marginally more with a sharper drop in value than on Thursday, at close of the Jamaica Stock Exchange US dollar market, after eight securities changed hands, compared to seven on Thursday with two rising, three declining and three ending unchanged.
The JSE US Denominated Equities Index rose 1.74 points to end at 201.81.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.4. The PE ratio uses ICInsider.com earnings forecasts for companies with the financial year up to August 2022.
A total of 188,974 shares traded for US$10,744 compared to 185,440 units at US$13,723 on Thursday. Trading averaged 23,622 units at US$1,343, compared to 26,491 shares at US$1,960 on Thursday with the month to date averaging 74,418 shares at US$6,924 versus 77,951 units at US$7,312 on the previous day. December ended with an average of 439,975 units for US$68,382.
Investor’s Choice bid-offer indicator shows no stock ending with the bid higher than the last selling price and one stock with a lower offer.
At the close, First Rock Capital USD share increased 0.01 of one cent in closing at 7 US cents in an exchange of 63,061 shares, Margaritaville lost 0.01 of a cent to end at 12 US cents with an exchange of 1,700 units, Productive Business Solutions shed 9 cents to US$1.01, with 531 stocks crossing the market. Proven Investments rallied 0.2 of a cent to close at 22.95 US cents after trading 16,075 stock units, Sygnus Credit Investments USD share ended unchanged at 12.95 US cents, with 2,332 stock units changing hands and Transjamaican Highway remained at 0.83 US cents after exchanging 104,700 units.
In the preference segment, Equityline Mortgage Investment preference share finished at US$1.999 after exchanging 125 stocks and JMMB Group 6% dropped 13 cents in ending at US$1.02 after trading 450 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, Eppley, Equityline Mortgage Investments, First Rock Capital, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, JSE US dollar market, Margaritaville, Productive Business Solution, Proven Investments, Sygnus Credit Investments, Trading Activity, Transjamaican Highway

Stock values inched higher on T&TSE

January 28, 2022 by IC Insider.com

Market activity ended on Friday on the Trinidad and Tobago Stock Exchange with 96 percent more stocks trading, with 42 percent lower value than on Thursday after rising stocks were just edged out by those that fell.
Twenty one securities traded, up from 18 on Thursday, with seven rising, eight declining and six unchanged. The Composite Index inched by 0.04 points to 1,523.36, the All T&T Index rose 5.63 points to 2,133.01 and the Cross-Listed Index fell 0.83 points to settle at 122.08.
A total of 778,680 shares traded for $8,157,581 compared to 396,731 units at $14,048,777 on Thursday. An average of 37,080 units traded at $388,456 compared to 22,041 shares at $780,488 on the previous day, with trading month to date averaging 41,079 units at $372,826 versus 41,320 units at $371,883. The average trade for December amounts to 21,703 units at $306,768.
Investor’s Choice bid-offer indicator shows two stocks ended with a bid higher than their last selling prices and three stocks with lower offers.
At the close, Agostini’s advanced 25 cents in closing at $45.25 after an exchange of 152 shares, Angostura Holdings remained at $19.99, with 5,148 stock units crossing the exchange, Ansa McAl rose $2 to close at $59 with the swapping of 550 units. Calypso Macro Investment Fund dropped $2.25 in ending at $16.75 with an exchange of 120 stocks, Clico Investment Fund finished at $30 while exchanging 9,923 shares, First Citizens Group shed 26 cents to $64.49 with 323 stocks changing hands. FirstCaribbean International Bank ended unchanged at $6.14 in trading 5,614 stock units, GraceKennedy lost 1 cent ending at $6.15 in switching ownership of 7,482 units, JMMB Group declined 12 cents to close at $2.35 after exchanging 254,390 shares. Massy Holdings popped 1 cent to end at $106 after trading 33,076 units, National Enterprises fell 13 cents to close at $3.12 after exchanging 700 stocks, National Flour Mills remained at $1.87 after 62,410 stock units changed hands. NCB Financial Group popped 1 cent higher in closing at $8.01, with 289,219 stock units crossing the market, Point Lisas rallied 2 cents to end at $3.27 trading 80,200 stocks, Prestige Holdings fell 5 cents to $7, with 10,000 shares changing hands, Republic Financial Holdings gained 4 cents in closing at $141.34 after trading 2,786 units, Scotiabank ended at $72 with 2,112 units crossing the market, Trinidad & Tobago NGL finished at $19.99, with 3,030 stock units crossing the market. Trinidad Cement declined 6 cents to end at $3.74 after 7,426 shares crossed the exchange, Unilever Caribbean increased 25 cents to $16 with 20 stocks changing hands and West Indian Tobacco lost 48 cents in closing at $27.50 after trading 3,999 stocks.
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, Calypso Micro Index Fund, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, JMMB Group, Massy Holdings, National Enterprises, National Flour, NCB Financial Group, Point Lisas, Prestige Holdings, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, Trinidad Cement, TTSE, Unilever Caribbean, West Indian Tobacco

New record close for Junior Market

January 27, 2022 by IC Insider.com

The Junior Market climbed 26.97 points to close at 3,669.73, complete trading at a new record close on Thursday after the market topped out on August 14, 2019, at 3,662.94, some two and a half years ago and follows the record intraday high earlier this week when the market hit 3,700.02 points in early trading on Monday.
Market activity led to all 43 Junior Market securities trading on Thursday compared to 42 on Wednesday and ended with 23 rising, 12 declining and eight, closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 16.3. 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.
Trading closed, with the volume of stocks traded rising 54 percent and the value surging 45 percent over Wednesday’s trades as 14,330,907 shares traded for $44,562,678 up from 9,334,543 units at $30,769,347 on Wednesday. Spur Tree Spices led trading with 7.9 million shares for 55.1 percent of total volume followed by Mailpac Group with 1.37 million units for 9.6 percent of the day’s trade and Future Energy Source, 617,019 units for 4.3 percent market share.
Trading averaged 333,277 shares at $1,036,341 in contrast to 222,251 shares at $732,603 on Wednesday and month to date, an average of 323,991 units at $1,196,703 compared to 323,421 units at $1,206,540 on the previous day. December closed with an average of 409,209 units at $1,318,877.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than their last selling prices and one with a lower offer.
At the close, CAC 2000 rallied 72 cents to end at $8.25 in an exchange of 50 shares, Cargo Handlers dropped 30 cents to close at $7, with 3,570 stock units clearing the market, Caribbean Cream climbed 27 cents to end at $5.27 after exchanging 2,327 stocks. Dolphin Cove popped 10 cents to close at $22.60 after trading 130,213 units with the price hitting an intraday high of $24.40. Elite Diagnostic advanced 30 cents in closing at a 52 weeks’ high of $4 while exchanging 49,005 stock units, Fontana rose 16 cents to $7.85 with the swapping of 346,988 shares. Fosrich gained 26 cents in closing at $14.83 with 11,944 stocks crossing the exchange, Future Energy Source increased 12 cents to close at $3.41 in trading 617,019 units, Honey Bun declined 30 cents to end at $9.25 in switching ownership of 130,247 shares. Indies Pharma shed 7 cents after ending at $3.08, with 74,482 stock units changing hands, Iron Rock Insurance increased 33 cents in closing at $3.30 after an exchange of 100 stocks, ISP Finance fell $2.51 to end at $35.49 and trading 336 units. Jamaican Teas rose 16 cents after ending at $4.26 in an exchange of 367,087 shares, Lasco Manufacturing lost 30 cents to $4.63 trading 3,776 stocks, Lumber Depot gained 14 cents to close at $3.18 after an exchange of 578,815 units. Medical Disposables gained 57 cents to $7.29 trading 189 stock units, Paramount Trading rallied 16 cents ending at a 52 weeks’ of $2.03 with an exchange of 236,189 stocks, SSL Venture fell 30 cents to end at $1.90 in trading 225,157 stock units and tTech popped 20 cents to close at $4.20 after 36,447 shares changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Most JSE USD stocks rose on Thursday

January 27, 2022 by IC Insider.com

Trading on Thursday, ended with the volume of shares changing hands slipping 53 percent with 71 percent lower value than Wednesday, at the close of the Jamaica Stock Exchange US dollar market, resulting in far more stocks rising than falling.
Trading ended with seven securities changing hands, compared to nine on Wednesday with prices of four rising, one declining and two holding firm.
The JSE US Denominated Equities Index gained 1.16 points to end at 200.07.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.6. The PE ratio uses ICInsider.com earnings forecasts for companies with the financial year up to August 2022.
Overall, 185,440 shares traded for US$13,723 compared to 397,370 units at US$47,370 on Wednesday.
Trading averaged 26,491 units at US$1,960, compared to 44,152 shares at US$5,263 on Wednesday and month to date averaging 77,951 shares at US$7,312 versus 81,287 units at US$7,659 on the prior day. December ended with an average of 439,975 units for US$68,382.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and none with a lower offer.
At the close, First Rock Capital USD share increased 0.1 of a cent to 6.99 US cents while trading 31,191 shares, Proven Investments rallied 1.75 cents to 22.75 US cents after 26,155 stock units changed hands, Sterling Investments remained at 2.1 US cents while exchanging 10,000 stocks. Sygnus Credit Investments USD share gained 0.25 of a cent to close at 12.95 US cents after trading 2,346 units and Transjamaican Highway shed 0.02 of a cent in closing at 0.83 of one US cent in swapping of 113,477 stocks.
In the preference segment, JMMB Group 5.75% popped 7 cents to US$2.09, with 2,000 stock units crossing the market and JMMB Group 6% finished at US$1.15 in an exchange of 271 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, Proven Investments, Sterling Investments, Sygnus Credit Investments, Sygnus Real Estate Finance, Trading Activity, Transjamaican Highway

Massy Holdings list on JSE with no trades

January 27, 2022 by IC Insider.com

Massy Holdings shares were listed on the Jamaica Stock Exchange Main Market on Thursday with no trading in the stock, but it closed with demand for 29,304 with 166 orders, with the highest bid at $2,801 for 137 shares and the lowest tradable at $1,500, there was no stock on offer at the close. The reference price to start trading was set at $2,643.08.
In the overall market, the volume of shares trading was 58 percent less and the value 28 percent higher than on Wednesday as rising stocks exceeded those declining after 55 securities traded, similar to Wednesday, with 22 rising, 16 declining and 17 ending unchanged.
The All Jamaican Composite Index popped 3,072.13 points to settle at 439,587.18, the JSE Main Index advanced 1,670.70 points to 397,169.87 and the JSE Financial Index gained 0.53 points to close at 98.02.
The PE Ratio, a formula for computing appropriate stock values, averages 16.4 The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
Overall, 9,854,246 shares were exchanged for $213,910,310 versus 23,550,929 units at $167,256,472 on Wednesday. Sagicor Select Financial Fund led trading with 23 percent of total volume with a transfer of 2.27 million shares followed by Kingston Wharves, 18.3 percent with 1.81 million units and Transjamaican Highway, 13.6 percent, with 1.34 million units changing hands.
Trading averages 179,168 units at $3,889,278, compared to 428,199 shares at $3,041,027 previously traded and month to date, an average of 205,968 units at $1,937,351, against 207,506 units at $1,825,288 on Wednesday. December closed with an average of 479,143 units at $6,686,322.
Investor’s Choice bid-offer indicator shows eleven stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints rose 60 cents to $13 with 32,429 shares changing hands, Caribbean Cement rallied $1.71 to end at $71.20 in an exchange of 18,690 units, Caribbean Producers popped $1.57 to close at a 52 weeks’ high of $17.80 in trading 426,694 stock units. Eppley fell $1.45 to settle at $35 with the swapping of 2,337 stocks, First Rock Capital rose $1.63 to $12 with an exchange of 97,500 shares, GraceKennedy gained 50 cents to close at $102.50 after 30,325 stocks crossed the market. Guardian Holdings declined $4.35 in closing at $533 after 248 units switched owners, Jamaica Stock Exchange rallied $1.03 to $16.86 with a transfer of 4,647 stock units, JMMB Group gained 30 cents after ending at $39.50 with the swapping of 734,028 shares. Margaritaville fell $3 to $23 with 1,111 stocks changing hands, Mayberry Investments rallied 64 cents to $7.85 in transferring 4,183 shares, NCB Financial popped $6 to finish at $133, with 580,328 units crossing the exchange. PanJam Investment rose 50 cents to $65.50 in trading 213 units, Proven Investments declined $1.20 to end at $32 with 17,120 stock units crossing the market, Sagicor Group advanced $1.39 to $53.90 after an exchange of 17,121 shares. Seprod shed $1 to close at $60 in transferring 13,140 stocks, Sygnus Credit Investments rallied 50 cents to $16 with 102,082 stocks clearing the market, Sygnus Real Estate Finance advanced $2.23 to $18.25 in switching ownership of 100 units and Wisynco Group lost 30 cents to end at $17.50 with 389,966 stock units crossing the market.
In the preference segment, JMMB Group 7.25% shed 34 cents in closing at $3.24 with 23 shares changing hands and Productive Business Solutions 9.75% preference share gained $12 to settle at a 52 weeks’ high of $120 after trading a mere 8 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.