Big fall for JSE USD stocks

December 20, 2021 by

Transjamaican controlled 85% of the day,’s volume.

The Jamaica Stock Exchange US dollar market lost ground at the close of trading on Monday, with a 65 percent drop in the value of stocks trading compared to Friday’s outturn, while the volume traded surged 229 percent, but resulted in no stock closing with a higher price as trading ended with Transjamaican Highway dominating trading with 85 percent of the day’s volume.
At the close, six securities traded, compared to seven on Friday with four declining and two ending unchanged.
The JSE US Denominated Equities Index dropped 6.10 points to end at 208.80. The PE Ratio, a measure used in computing appropriate stock values, averages 12.3. The PE ratio uses earnings forecasts done by ICInsider.com for each company with the financial year ending during the current year up to August 2022.
Overall, 265,318 shares traded, for US$4,676 versus 80,676 units at US$13,320 on Friday. Trading averaged 44,220 units at US$779, against 11,525 shares at US$1,903 on Friday and month to date an average of 450,464 shares at US$60,511 versus 487,963 units at US$66,025 on Friday. November averaged 79,766 units for US$10,928.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than the last selling prices and one with a lower offer.
At the close, First Rock Capital USD share traded 133 shares at 6.95 US cents, Proven Investments shed 0.22 of a cent to end at 22.63 US cents in exchanging 323 stock units, Sterling Investments declined 0.1 of a cent to end at 1.9 US cents, with 37,162 stocks changing hands. Sygnus Credit Investments USD share fell half a cent to close at 12.1 US cents while exchanging 2,200 units and Transjamaican Highway lost 0.12 of a cent in closing at 0.71 US cents, with 224,500 units crossing the exchange.
In the preference segment, JMMB Group 5.75% remained at US$2.02 with an exchange of 1,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: , , , , , , , , , , ,

ICTOP10 winner up 369% to date

December 20, 2021 by

Caribbean Producers (CPJ) stock jumped 17 percent to close the week at a record high of $12.15 and now sits at fourth position in the Main Market TOP 10 with a lot more ground to cover before peaking.

Caribbean Producers traded 52 weeks’ high during the week following a near US$2 quarterly profit.

CPJ started the year in the Junior Market TOP 15 at $2.89 in the number three spot, with a price target of $13, is now up by 369 percent since the start of the year based on projected earnings of 65 cents, since then ICInsider.com upgraded earnings to $1.65 for the current year with a new price target between March and July next year of $33.
Barring some unusual events, CPJ now the leading stock on the overall Jamaica Stock Exchange will most likely end the year way out front and well above Future Energy, another ICTOP10 winner with gains of 254 percent to date.
Lumber Depot dropped out of the Junior Market top 10 and Jetcon Corporation returned to the TOP10. There were no additions to the Main market TOP10 for the week.
Other notable TOP10 movers this week are; Lasco Distributors that rose 9 percent in closing at $3.28 and Honey Bun up 5 percent to $9.50, but Caribbean Assurance Brokers slipped 8 percent to $2.40 from $2.60 at the close of the previous week. In the Main Market, other than Caribbean Producers, Sygnus and Pan Jam Investment fell 4 percent.
For the week ahead investors should watch for a possible move higher, CPJ that could hit $15 with dwindling supply now on offer below $14.50 when the market closed on Friday. RJR is another worth watching with a limited supply under $3.50 during Friday there is relatively only moderate selling overall, but buying remains tepid.
The top three Main Market stocks, this week with CPJ dropping to number four are Guardian Holdings still in the lead followed by Radio Jamaica that returned in second spot and JMMB Group in the third spot with all projected to gain between 178 and 257 percent from 213 to 253 percent last week.
The Junior Market top three stocks changed a bit during the week, with AMG Packaging leading, followed by Caribbean Assurance Brokers, with Access Financial Services moving from the second spot to the third position. All three can gain between 167 and 240 versus 167 and 238 percent, previously.
This week’s focus: Why Lumber Depot is a stock to watch for the future? After posting outlandish first quarter results that were boosted by inventory profit, the company reported what appear to be normal profit in the second quarter of 5 cents per share and raised the half years earnings to 15 cents. While first quarter revenues grew 16 percent, the second quarter was flat, suggesting that full year results should end up around 25 cents or a little above that. On this basis, the stock may be considered a bit undervalued. With Paul Scott’s Stony Hill Capital Limited taking a controlling interest in it, what could be in it for them. There is good scope for expansion and growth, first within Kingston, Portmore, Spanish Town and nationally. Other factors include the fact that the Musson Group has large holdings of real estate owned directly by the group or indirectly in the investment companies that can purchase materials for repairs or expansion through them.
The average gains projected for the TOP 10 Junior Market stocks slipped from 150 percent last week to 149 percent and Main Market stocks moved from 159 percent to this weeks’ 155 percent.
The Junior Market closed the week, with an average PE of 14.3 based on ICInsider.com’s 2021-22 earnings and is currently well below the target of 20 and the average of 17 at the end of March this year based on 2020 earnings. The TOP 10 stocks trade at a PE of a mere 8.1, with a 42 percent discount to that market’s average.
The Junior Market can gain 40 percent to March next year, based on an average PE of 20 and 19 percent based on an average PE of 17. Seven stocks representing 17 percent of all Junior Market stocks with positive earnings are trading at or above this level, similar to last week, indicating that many others will rise towards the 17 mark in the months ahead.
The average PE for the JSE Main Market is 16.2, some 17 percent less than the PE of 19 at the end of March and 23 percent below the target of 20 to March 2022. The Main Market TOP 10 average PE is 8, representing a 50 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: , , , , , , , , , , , , , , , , , , , , , , , ,

Four day losing streak broken on Friday

December 17, 2021 by

After four straight days of declines, investors pushed more stocks higher in market activity on Friday with the volume of shares dropping 51 percent with 60 percent less value than on Thursday at the close of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index climbed 1,557.35 points to 428,335.36, the JSE Main Index advanced 718.53 points to finish at 387,047.78 and the JSE Financial Index slipped 0.33 points to close at 94.99.
At close, a total of 50 securities were traded compared to 49 on Thursday, 23 rose, 14 fell and 13 ended unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.2. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasts by ICInsider.com for companies with financial years ending between the current year and August 2022.
A total 9,898,970 shares traded for $136,479,588 versus 20,045,378 units at $339,681,628 on Thursday. Wigton Windfarm led trading with 42.7 percent of total volume for an exchange of 4.23 million shares followed by Kingston Wharves 20.4 percent with 2.02 million units and Sterling Investments 8.3 percent with 816,803 shares.
Trading averages 197,979 units at $2,729,592, compared to 409,089 shares at $6,932,278 on Thursday and month to date, an average of 520,895 units at $5,273,111, down from 547,333 units at $5,488,663 on Thursday. November closed with an average of 233,949 units at $2,695,416.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments fell $1.06 to $89.94 with a transfer of 6,039 shares, Berger Paints shed $1.09 in closing at $12.64 after exchanging 12,485 stock units, Caribbean Cement fell $1.01 to $73.99 after trading 8,032 units  Caribbean Producers rallied $1.30 to close at a record closing high of $12.15 with 535,747 stocks crossing the market, Eppley popped $1.35 to $39.85 in an exchange of 736 units, Eppley Caribbean Property Fund lost 25 cents in closing at $42.25 with the swapping of 1,083 stocks. First Rock Capital gained 39 cents to end at $10.79 in exchanging 2,753 stock units, GraceKennedy spiked 52 cents to $99 in switching ownership of 89,171 shares, Guardian Holdings dropped $4 to close at $515 with the swapping of 22,209 units. Jamaica Broilers advanced $1.40 to $29.99 with 2,994 stocks changing hands, Jamaica Producers lost 50 cents to end at $23 with 41,504 stock units crossing the market, JMMB Group rose 48 cents in closing at $38.30 trading 90,352 shares. Kingston Wharves declined $1.98 to $41 in an exchange of 2,017,426 shares, Mayberry Investments rose 85 cents to $8.85 with 108 units changing hands, MPC Caribbean Clean Energy popped 98 cents to close at $100.98 with a transfer of 119 stocks. PanJam Investment advanced $1.48 to end at $64.98 after 659 stock units cleared the market, Sagicor Group rose 84 cents in closing at $51.98 in switching ownership of 23,709 stocks, Scotia Group gained 49 cents to end at $36.99 in trading 44,370 stock units. Stanley Motta fell 40 cents to $4.90 in switching ownership of 5,152 shares, Sygnus Real Estate Finance declined $2.51 to close at $15.21 with the swapping of 28,206 units and Wisynco Group popped 46 cents in closing at $16.96 in an exchange of 358,723 stock units.
In the preference segment, JMMB Group 7.25% gained 36 cents to close at $2.76 with 2,700 units clearing the market.

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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Volume drops on JSEUSD market

December 17, 2021 by
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 More securities contributed to trading on Friday than Thursday, but the volume of stocks declined 40 percent and the value surged 136 percent higher than on Thursday, at the close of the Jamaica Stock Exchange US dollar market, resulting in declining stocks just edging out those rising.
Seven securities changing hands, down from five on Thursday with prices of three rising and four declining.
Overall, 80,676 shares traded, for US$13,320 compared to 133,466 units at US$5,656 on Thursday. Trading averaged 11,525 units at US$1,903, compared to 26,693 shares at US$1,131 on Thursday and the month to date averages 487,963 shares at US$66,025 versus 545,465 units at US$73,763 on Thursday. November ended with an average of 79,766 units for US$10,928.
The JSE US Denominated Equities Index rose 1.69 points to 214.90 and is now up 15.4 percent for the year.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.7. The PE ratio uses earnings forecasts done by ICInsider.com for each company with the financial year ending during the current year up to August 2022.
Investor’s Choice bid-offer indicator shows one stock ending with a higher bid than the last selling price and one with a lower offer.
At the close, First Rock Capital USD share rose 0.88 of a cent in ending at 6.95 US cents while exchanging 1,181 shares, Proven Investments fell 0.15 of one cent to end at 22.85 US cents with 51,902 stocks crossing the exchange, Sterling Investments lost 0.1 of a cent in closing at 2 US cents, with 21,724 stock units changing hands. Sygnus Credit Investments USD share dropped 0.3 of a cent to 12.6 US cents after exchanging 4,495 units and Transjamaican Highway popped 0.03 of a cent to close at 0.83 US cents in exchanging 1,107 stock units.
In the preference segment, Eppley 6% climbed 30 cents to close at 98 US cents, with 134 stocks changing hands and JMMB Group 6% rallied 11 cents to US$1.12 crossing the market 133 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: , , , , , , , , , , , ,

Lumber dominates Junior Market trades

December 17, 2021 by

Lumber Depot led trading with 89.2 percent of the total volume on Friday, after an exchange of 13.8 million shares and leading to the overall volume of stocks traded surging 434 percent with the value rising 338 percent higher than on Thursday at the close of the Jamaica Stock Exchange Junior Market.
Market activity led to 38 securities trading up from 32 on Thursday and ended with 14 rising, 13 declining and 11, closed unchanged.
The Junior Market Index fell 26.93 points to settle at 3,362.23. The PE Ratio, a measure used to compute appropriate stock values, averages 14.3. The PE ratio of each stock shown in the chart below is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
Trading ended with 15,484,032 shares changing hands for $50,322,586 up from 2,898,249 units at $11,497,638 on Thursday. Following Lumber Depot’s big trade, Future Energy Source traded 4.6 percent of the day’s volume with 716,106 units and Dolphin Cove was next with 1.3 percent after an exchange of 208,699 shares.
Trading averaged 407,475 shares at $1,324,279 in contrast to 90,570 shares at $359,301 on Thursday and month to date, an average of 476,991 units at $1,465,352, against 483,371 units at $1,478,300 on Thursday. November closed with an average of 160,358 units at $581,730.
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, Access Financial fell $1.50 to close at $19.50 after trading 133 shares, Caribbean Assurance Brokers dropped 9 cents to $2.40, with 10,750 stocks crossing the market, Caribbean Cream rose 23 cents to $5.93 after an exchange of 200 stock units. Caribbean Flavours rallied 7 cents to $1.96 while exchanging 500 units, Consolidated Bakeries lost 10 cents to close at $1.25 with 149,279 stocks changing hands, Dolphin Cove shed 30 cents to close at $13.60 in an exchange of 208,699 shares. Express Catering popped 10 cents to $5.60 after 33,097 units passed through the exchange, General Accident declined 40 cents in closing at $6.30 in trading 1,174 stock units, GWest Corporation dropped 5 cents to end at 90 cents with an exchange of 1,895 stocks. Honey Bun shed 50 cents to end at $9.50 in owners switching 27,511 shares, iCreate gained 10 cents to end at 92 cents in trading 2,097 stock units, Jetcon Corporation declined 11 cents to close at 91 cents with 3,200 units clearing the market. Knutsford Express climbed 38 cents to $7.38, with 50 stock units changing hands, Lasco Distributors rallied 18 cents to $3.28 in exchanging 16,614 units, Lumber Depot spiked 15 cents to $3.24 after an exchange of 13,810,756 stocks. Medical Disposables fell 69 cents to $6 with the swapping of 38,500 shares, Paramount Trading advanced 5 cents in closing at $1.30 after exchanging 19,943 units, SSL Venture climbed 16 cents to close at 96 cents, with 11,890 shares clearing the market and tTech gained 28 cents to close at $4.78 in trading 50 stock units.
In the preference segment, CAC 2000 9.5% preference share increased 6 cents to end at 99 cents with an exchange of 7,201 stock 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Light trading on the Trinidad Stock Exchange

December 17, 2021 by

Market activity on the Trinidad and Tobago Stock Exchange was light on Friday, with 11 securities trading against 22 on Thursday, and resulted in slightly more stocks declining than rising after trading 57 percent fewer shares, with 7 percent greater value than on Thursday.
At the close, four stocks rose, five declined and two were left unchanged.
The Composite Index declined 3.06 points to 1,466.82, the All T&T Index shed 6.42 points to end at 2,024.43 and the Cross-Listed Index added 0.08 points to settle at 121.95.
At the close, a total of 168,084 shares traded for $5,432,410 versus 393,758 units at $4,306,588 on Thursday. An average of 15,280 units traded at $493,855 compared to 17,898 at $229,720 on Thursday, with trading month to date averaging 21,831 units at $277,044 versus 22,190 units at $265,179. The average trade for November amounts to 35,109 units at $290,897.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, CinemaOne ended at $4 with the swapping of 400 shares, Clico Investment Fund rose $1.18 in closing at a 52 weeks’ high of $30 after trading 66,032 stocks, Guardian Holdings dropped 17 cents to $30.33 in exchanging 17,904 units. JMMB Group ended at $2.30, with 2,000 stock units changing hands, Massy Holdings increased $4.45 in ending at $99.70, with 23,728 units, crossing the market, NCB Financial Group shed 3 cents to close at $8.01 with 34,000 shares changing hands. Republic Financial Holdings fell $1.49 to $136.51 after 130 stocks crossed the exchange,  Scotiabank fell 50 cents to $68.50 while exchanging 100 stock units, Trinidad & Tobago NGL declined $1.10 to $18.90 trading 550 units. Trinidad Cement rallied 20 cents to $3.70 in switching ownership of 240 shares and Unilever Caribbean gained 10 cents to close at $16.20 after exchanging 23,000 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: , , , , , , , , , , , , , , , , ,

Rising stocks beat out decliners

December 17, 2021 by

Market activity dropped sharply on Thursday with the volume of shares trading declining 73 percent and the value falling 38 percent from trading on Wednesday at the close of the Jamaica Stock Exchange Main Market and ending with rising stocks exceeding those declining by a decent margin.
The All Jamaican Composite Index dipped 275.56 points to close at 426,778.01, the Main Index fell 179.99 points to 386,329.25 and the JSE Financial Index rose 0.60 points to end at 95.32.
A total of 49 securities traded compared to 48 on Wednesday, with 25 rising, 18 declining and six ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16. The PE ratios for the JSE Main and USD Market closing quotes report are based on earnings forecasted by ICInsider.com for companies with financial years ending between the current year and August 2022.
Trading ended with 20,045,378 shares changing hands for $339,681,628 down sharply from 74,732,134 units at $550,250,998 on Wednesday. Kingston Wharves led trading with 38.3 percent of total volume after an exchange of 7.67 million shares, followed by QWI Investments with 25 percent for 5.02 million units, Wigton Windfarm with 15.1 percent for an exchange of 3.03 million units and Caribbean Producers with 7.9 percent for 1.59 million units changing hands.
Trading averages 409,089 units at $6,932,278 compared to 1,556,919 shares at $11,463,562 on Wednesday and month to date, an average of 547,333 units at $5,479,377 versus 559,831 units at $5,348,026 on Wednesday. November closed with an average of 233,949 units at $2,695,416.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement advanced $1.43 to $75 trading 15,403 shares, Caribbean Producers rallied 85 cents to close at a 52 weeks’ high of $10.85 in switching ownership of 1,585,550 stocks, Eppley spiked $3.50 to close at $38.50 in exchanging 53 stock units. Eppley Caribbean Property Fund advanced $2.50 to end at $42.50 with the swapping of 631 units, First Rock Capital popped 33 cents in closing at $10.40 after trading 1,000 stocks, GraceKennedy lost 47 cents after ending at $98.48 with 22,344 units changing hands. Guardian Holdings rose $1 to $519 with a transfer of 10,096 shares, JMMB Group lost 57 cents to close at $37.82 after 108,468 stock units crossed the market, Kingston Properties spiked $1.15 to end at $9.65 in exchanging 100 stocks. Mayberry Investments advanced $1 to close at $8 in transferring 15,178 units, NCB Financial popped $1.05 to close at $120.05 in an exchange of 15,930 shares, PanJam Investment gained 45 cents to finish at $63.50 with 15,670 stock units changing hands. Sagicor Group shed 46 cents to end at $51.14 with 34,253 stocks crossing the exchange, Scotia Group lost 35 cents in ending at $36.50 with the swapping of 1,161 units, Seprod declined $1 to $62 in trading 22,001 stocks. Stanley Motta gained 30 cents to close at $5.30 after exchanging 931 shares, Sygnus Credit Investments shed 37 cents in ending at $14.93, with 169,421 stocks changing hands, Sygnus Real Estate Finance advanced $1.71 to $17.72 with an exchange of 1,500 stock units and Wisynco Group gained 30 cents to end at $16.50 in trading 62,203 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Juniors consolidating

December 16, 2021 by

Trading closed on Thursday with the volume of stocks traded declining 51 percent and the value dropping 31 percent compared to Wednesday at the close of the Jamaica Stock Exchange Junior Market as stocks declining just edged out those gaining resulting in a modest rise in the market index.
Market activity led to 32 securities trading versus 33 on Wednesday and ended with 11 rising, 12 falling and nine closing unchanged.
The Junior Market Index rallied 9.34 points to settle at 3,389.16. The PE Ratio, a measure used to compute appropriate stock values, averages 14.3. The PE ratio of each stock, shown in the chart below, is based on ICInsider.com earnings forecast for companies with their financial year ending up to August 2022.

A total of 2,898,249 shares traded for $11,497,638 down from 5,922,689j units at $16,583,474 on Wednesday. Lumber Depot led trading with 19.6 percent of total volume in exchanging 567,681 shares followed by Future Energy Source 18.6 percent with 539,931 units and Caribbean Assurance Brokers 11.7 percent after trading 337,995 units.
Trading averaged 90,570 shares at $359,301 compared to 179,475 shares at $502,530 on Wednesday and month to date, averaging 483,371 units at $1,478,300 versus 516,276 units at $1,572,039  on Wednesday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Blue Power fell 34 cents to $3.20 in an exchange of 10,512 shares, CAC 2000 lost 31 cents in ending at $7.50 with 500 stock units crossing the market, Cargo Handlers rose 80 cents to $7.30 in exchanging 4,000 units. Caribbean Assurance Brokers gained 17 cents in closing at $2.49 with a transfer of 337,995 stocks, Caribbean Flavours lost 7 cents to end at $1.89 after trading 75,000 stock units, Dolphin Cove popped 25 cents to settle at $13.90 with the swapping of 291,752 shares. Express Catering added 5 cents to end at $5.50 in switching ownership of 118,000 units, Fosrich gained 9 cents to close at $8.60 after exchanging 5,483 stocks, Honey Bun rose 20 cents in closing at $10 with 9,656 shares changing hands. Jamaican Teas slipped 5 cents to $3.91 in transferring 110,532 stock units, Jetcon Corporation advanced 22 cents to $1.02 in trading 25 units, KLE Group fell 47 cents to $1.50 with the swapping of 46,998 stocks. Knutsford Express shed 64 cents to end at $7 with 3,614 units changing hands, Limners and Bards fell 8 cents to $3.64 in switching ownership of 65,623 stock units and Main Event rallied 10 cents to close at $4 with 5,153 shares clearing the market.
In the preference segment, CAC 2000 9.5% preference share lost 6 cents to end at 93 cents with 3,175 units crossing the market.

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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Slippage for JSE USD market

December 16, 2021 by

Trading ended on Thursday, with the volume of shares swapped declining 24 percent with 86 percent lower value than on Wednesday, as the number of securities trading, climbed at the close of the Jamaica Stock Exchange US dollar market, resulting in an even number of stocks rising and falling.
Trading ended with five securities changing hands, compared to two on Wednesday with prices of two rising,  two declining and one ending unchanged.
The JSE US Denominated Equities Index lost 1.17 points to end at 213.21. The PE Ratio, a measure used in computing appropriate stock values, averages 12.5. The PE ratios are computed based on earnings forecasts done by ICInsider.com for each company with the financial year ending during the current year up to August 2022.
Overall, 133,466 shares traded, for US$5,656 compared to 174,820 units at US$39,324 on Wednesday.
Trading averaged 26,693 units at US$1,131 versus 87,410 shares at US$19,662 on Wednesday and month to date averaging 545,465 shares at US$73,763 versus 594,405 units at US$80,616 on Wednesday. November ended with an average of 79,766 units for US$10,928.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close, Margaritaville lost half a cent in closing at 9.5 US cents with the swapping of 20,000 shares, Proven Investments increased half of one cent to 23 US cents after trading 9,928 stocks, Sterling Investments gained 0.1 of a cent to 2.1 US cents in exchanging 4,889 units. Sygnus Credit Investments USD share remained at 12.9 US cents with 4,792 stock units changing hands and Transjamaican Highway dropped 0.06 of a cent in ending at 0.8 of one US cents in trading 93,857 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: , , , , , , , , ,

Rising stocks push TTSE higher

December 16, 2021 by

Market activity ended on Thursday resulting in more stocks rising than falling at the close of trading after an exchange of 177 percent more shares, with 68 percent higher value than on Wednesday to close the Trinidad and Tobago Stock Exchange.
A total of 22 securities traded, up from 18 on Wednesday, with eight rising, five declining and nine unchanged while two of the stocks rising closed at 52 weeks’ high.
The Composite Index rose 6.26 points to 1,469.88, the All T&T Index popped 9.54 points to 2,030.85 and the Cross-Listed Index rallied 0.39 points to settle at 121.87.
A total of 393,758 shares traded, for $5,053,851 compared to 142,298 units at $3,011,564 on Wednesday.An average of 17,898 units traded at $229,720 compared to 7,905 at $167,309 on Wednesday, with trading month to date averaging 22,190 units at $265,179 versus 22,717 units at $269,537. The average trade for November amounts to 35,109 units at $290,897.
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, Agostini’s popped $2 to close at a 52 weeks’ high of $29.50 after an exchange of 1,000 shares, Angostura Holdings rose 43 cents to $17.61, with 643 stock units changing hands, Ansa McAl ended unchanged at $59.50, with 45 stocks clearing the market. Calypso Macro Investment Fund ended at $16.65 after 142 units crossed the exchange, Clico Investment Fund remained at $28.82 after 26,309 units passed through the market, First Citizens Group fell 5 cents to $58.45 with an exchange of 2,281 stock units. GraceKennedy popped 5 cents to close at $6.20 with the swapping of 7,959 shares, Guardian Holdings remained at $30.50 trading 25,200 stocks, JMMB Group advanced 8 cents to end at $2.30 in trading 80 stocks. L.J. Williams B share increased 24 cents to a 52 weeks’ high of $1.84 in trading 655 stock units, Massy Holdings lost 33 cents to end at $95.25 in an exchange of 4,471 shares, National Enterprises ended at $3.20 in an exchange of 730 units. National Flour Mills rallied 3 cents to close at $1.90 while exchanging 260 stocks, NCB Financial Group inched 2 cents up to $8.04 after trading 267,264 shares, One Caribbean Media dropped 25 cents to $4.45 in switching ownership of 643 stock units. Prestige Holdings ended unchanged at $7, after exchanging 500 units, Republic Financial Holdings ended unchanged at $138 trading 120 stock units, Scotiabank gained $2 in ending at $69 while exchanging 20 shares. Trinidad & Tobago NGL finished at $20, with 60 stocks clearing the market, Trinidad Cement remained at $3.50 trading 16,422 units, Unilever Caribbean declined 25 cents to end at $16.10 with 36,550 units changing hands and West Indian Tobacco shed 5 cents to $28.45 after 2,404 stocks crossed the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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