TTSE stocks continue the climb

December 17, 2019 by

The upward rise of Trinidad & Tobago Stock Exchange continued apace on Tuesday with the three primary market indices rising with advancing stocks bettering decliners 5 to 2.
Trading ended with 14 securities changing hands, against 18 on Monday, with 5 advancing, 2 declining while 7 remained unchanged as investors exchanged 424,712 units for $5,733,529, compared to 162,777 units for $6,159,062 on Monday.
At the close of the market, the Composite Index gained 7.63 points to 1,482.33. The All T&T Index rose 4.12 points to 1,851.56, while the Cross Listed Index added 1.52 points to close at 150.87.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at two stocks with bids higher than their last selling prices and three with lower offers.
Gains| Ansa Mcal gained $2.50 ended at $55, with 10,957 stock units trading, Grace Kennedy rose 5 cents to a 52 weeks’ high of $4, with investors exchanging 25,000 shares, NCB Financial added 20 cents to close at a 52 weeks’ high of $11.50, with investors trading 1,700 shares. Scotiabank closed with an increase of 20 cents at $60, with 1,989 stock units changing hands and Trinidad & Tobago NGL gained 50 cents in trading 39,849 shares to close at $22.
Losses| First Citizens Bank lost 25 cents and settled at $44.50, with 648 stock units changing hands and One Caribbean Media ended trading 10 cents lower and settled at 52 weeks’ low of $9, in swapping of 16,100 shares and
Firm Trades| Clico Investment Fund settled at $27, trading of 36,279 shares, Guardian Holdings settled at $22, with investors exchanging 4,400 shares, JMMB Group settled at $2.80, with 84,500 stock units changing hands.  LJ Williams closed at $1.50 after 50,000 shares changed hands, National Flour traded 100,000 units at $1.36, Republic Financial completed trading of 772 units at $131 and West Indian Tobacco ended the day at $42.50, while transferring 50,234 stock units.

Prices of securities trading are those at which the last trade took place.

 

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

Auditors spoil good Lab results

December 17, 2019 by

Limners and Bards released full-year results with profit after taxation of $95 million, up by an impressive 52 percent from the $62 million earned in 2018 from healthy gains in revenues.
Earnings per share (EPS) works out at 12 cents for 2019 and 8 cents for 2018. Operating revenues rose 31 percent to $632 million from $483 million in 2018, the last quarter grew at a stunning 58 percent to $146 million, just below the $152 million generated in the July quarter and profit before tax of $18 million versus $16.5 million in the July quarter.
Auditors are required to check records of companies and ensure that they accord with various regulations and the financial statements which they audit and certify are free form errors and misstatements.

Kimala Bennett, Managing Director of The Lab.

The Limners and Bards financials is the latest report to indicate that there is a problem with the industry and that a number of the players are eroding the confidence investors have it the financial reports they certify. To be fair to the company auditors, they are not solely to blame. Management, including the directors, is also responsible for preventing financial with errors going out to the public, as they also have to sign off on the financials.
The computation of earnings per share is an area of problem for some of the smaller audit firms. In the past, there are instances where the calculation is wrong when there are stock splits and new share issues.
According to the Limners and Bards financial statements, the basic and diluted earnings per stock unit is 10 cents for the 2019 fiscal year and 7 cents for 2018 based on the weighted average of ordinary stock units 945,690,252 in each year. That is entirely wrong.  What are the facts? The company had 756.55 million shares in issue before the sale of 189,138,050 shares to the public in July this year with the company listing on the stock exchange on July 26. The EPS computation for 2018 is to be based on 756.6 million shares and for 2019, just over 800 million units. The company’s stock closed trading on Monday at $2.78 for a PE of 21 times 2019 earnings before tax and 14 times 2020 earnings of 20 cents per share.

Filed Under: Company News, Company Results Tagged With: , , , , ,

Surge in trading on JSE Main Market

December 16, 2019 by

Rising stocks outnumbered declining ones by a substantial margin leading the Main Market indices of the Jamaica Stock Exchange to gains on Monday as the value of stocks trading surged nearly three times Friday’s level.
At the close, JSE All Jamaican Composite Index jumped by 2,789.02 points to close at 554,585.11, the JSE Market Index climbed 2,373.62 points to close at 505,948.81 and the JSE Financial Index inched 0.74 points higher to 136.67.
The market closed with 43 securities changing hands in the main and US dollar markets with the prices of 20 rising, 10 declining and the 12, closing unchanged. JSE Main Market activity ended with 39 securities accounting for 23,258,908 units at $2,096,079,296, in contrast to 59,610,460 units for $774,571,962 on Friday, from 37 securities.
NCB Financial dominated trading with 8 million shares and 35 percent of volumes traded followed by Caribbean Cement with 5.3 million units for 23 percent of the day’s trade and with Sagicor Select Funds financial sector with 4.6 million shares for 20 percent market share.
The market closed with an average of 596,382 units for $53,745,623 for each security traded, in contrast to 1,528,704 units valued at an average of $21,515,888 on Friday. The average volume and value for the month to date amounts to 469,338 units for $11,590,816  and previously, an average of 457,043 units for $7,086,604 for each security changing hands. The market closed out November with an average of 653,621 units valued at $8,699,916 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and two closed with lower offers. The PE ratio of the market ended at 19, with the Main Market ending at 18.6 times the current year’s earnings.
In the premier market, Barita Investments climbed $1 to settle at $72 with 10,200 shares changing hands, Berger Paints traded 373 shares and gained 60 cents to end at $17.80, Caribbean Cement lost 50 cents to end at $74, with 5,257,837 units crossing the exchange. Eppley Caribbean Fund dropped $7.52 to settle at a 52 weeks’ low of $30.50 with 32,346 shares changing hands, JMMB Group dived $8 to end at $40, trading 10,185 stock units. Kingston Wharves gained $1.75 to settle at $62.75, in trading 1,326 units, NCB Financial Group gained $1.90 to close at $203, in swapping 8,065,181 shares, 138 Student Living fell 83 cents to end at $4.10, with 750 shares crossing the exchange. Proven Investments traded 32,239 and rose 85 cents to close at $47.85, Pulse Investments fell 39 cents to $4.30, with 5,320 units changing hands, Sagicor Group gained $1.99 to end at $67.99, trading 17,141 shares, Sagicor Real Estate Fund exchanged 600 after rising 51 cents to end at $10.51. Salada Foods climbed 95 cents to settle at $30.95 with 16 shares changing hands, Scotia Group dropped $2 to settle at $55.50, in transferring 62,328 shares, Seprod shed 20 cents in trading 17,900 stock units to close at $50.45, Stanley Motta gained 60 cents to end at $5.90, trading 81 shares. Supreme Ventures rose 28 cents to close at $25.56 with 14,671 units crossing the market, Sygnus Credit Investments climbed $1.59 to $22.79 while exchanging 10,599 shares and Wisynco Group fell 50 cents to $23.50 with 197,674 shares changing hands. In the preference sector, Productive Business Solution 9.75% traded 100 units and rose $3 to close at $103.
Trading in the US dollar market closed with 223,174 units valued at US$135,657 with the market index adding 5.09 points to close at 222.51. Productive Business Solution traded 100 units and rose 6 cents to a 52 weeks’ high of 65 US cents. Proven Investments transferred 206,054 shares to close at 32 US cents, Sygnus Credit Investments gained 1 cent in exchanging 12,020 shares at 15 US cents and JMMB Group 5.5% preference share closed trading of 5,000 units and gained 2 cents to end at $2.02.

Filed Under: Feature Stories, JSE Main Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Lumber Depot doubles IPO price

December 16, 2019 by
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Lumber Depot jumped 48 percent on Monday on top of the 32.5 percent rise on Friday and is now up 97 percent from the Initial Public offer of $1.20, but MailPac stole the show in trading more than 33 million shares.
The market Index advanced 6.03 points to close at 3,412.43 in trading on Monday with 29 securities changing hands, resulting in an exchange of 35,927,004 units at $93,505,697 compared to 42,348,512 units at $92,545,825 from 25 securities changing hands on Friday.
The Market closed with gains in 10 stocks, while the prices of 7 declined and prices of 7 remained unchanged and the average PE at 14.5 with the earnings for Limners and Bards switched to 2020 with 20 cents per share compared to 12 cents for 2019.
Trading ended with an average of 1,238,862 units at $3,224,334 for each security traded, in contrast to 1,693,940 units for an average of $3,701,833 on Friday. The average volume and value for the month to date amounts to 464,764 shares at $1,086,617 compared to an average of 384,302 shares at $864,417 for each security traded. In contrast, November closed with an average of 120,579 shares at $506,880 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investors Choice bid-offer indicator with three stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of the market, Access Financial gained $1.50 in trading of 11,500 units at $33.50, Blue Power exchanged 11,280 shares, after shedding 1 cent to end at $6.12, Cargo Handlers rose 44 cents in trading 1,800 units at $9.94. Caribbean Cream traded 604 shares and rose 1 cent, to close at $4.30, lost Consolidated Bakeries dropped 17 cents with 11,100 units changing hands at $1.80, Dolphin Cove rose 20 cents with a mere 45 units changing hands at $11.10, Everything Fresh traded 5,670 stock units and fell 15 cents to close at $1.05, Express Catering added 22 cents in exchanging 13,500 shares to close at $6.32. Fontana traded 604,270 shares but lost 39 cents to end at $7.40, FosRich gained 38 cents to settle at $4.20 in trading 44,140 stock units, Honey Bun slipped just 1 cent in exchanging 13,040 shares at $7.49. iCreate added 1 cent to end at 71 cents in exchanging 4,600 shares, Indies Pharma slipped 10 cents trading 15,111 units at $3.10. Jamaican Teas lost 1 cent with 16,080 units changing hands at $5.99, Lasco Distributors gained 3 cents with 221,755 shares crossing the exchange at $3.33, Lasco Manufacturing exchanged 138,726 shares to close at $5.25 after rising 15 cents, Limners and Bards rose lost 20 cents to close at $2.78 with 86,530. Lumber Depot surged 77 cents with 1,481,121 shares changing to close at $2.36. Main Event increased by 5 cents to settle at $6.45 while exchanging 6,222 units and SSL Venture Capital lost 4 cents with an exchange of 10,000 shares to close at $1.36 and Stationery and Office Supplies dropped $1 to $10 with 6,042 shares trading.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

TTSE stocks set to break 5 years drought

December 16, 2019 by

Trinidad & Tobago Stock Exchange Head Quarters

Five years of unbroken market decline comes to an end this year, with The All T&T Index poised to recover the losses over the past three years and more with the market index already at a higher level than the end of 2016, by more than 13 points.
Monday was another day of rising market indices on the Trinidad & Tobago Stock Exchange as all three indices recorded gains with advancing stocks beating decliners 2 to 1 as the market ended trading with three stock closing at new highs.
Trading ended with 18 securities changing hands, against 12 on Friday, with four advancing, 2 declining while 12 remained unchanged.
At the close of the market, the Composite Index gained 6.30 points to end at 1,474.70. The All T&T Index gained 2.59 points to 1,847.44, while the Cross Listed Index gained 1.37 points to close at 149.35.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at three stocks with bids higher than their last selling prices and three with lower offers.
Investors traded 162,777 units for $6,159,062, compared to 919,670 units for $8,793,895on Friday.
Gains| Clico Investment Fund jumped $1 and ended at a 52 weeks’ high of $27 with 50 stock units trading, Grace Kennedy gained 51 cents to close at a 52 weeks’ high of $3.95, while trading 5,000 units. Guardian Holdings jumped $1 and ended at 52 weeks’ high of $22, with 1,475 units crossing the exchange and Scotiabank advanced 4 cents to settle at $59.80, with 24,075 units passing through the exchange.
Losses| Trinidad & Tobago NGL lost 49 cents in trading 5,000 shares to close at $21.50 and Unilever Caribbean closed with a loss of 1 cent at $23.49, with 170 stock units trading.

Firm Trades| Ansa McAl traded 40 shares to close at $52.50, Calypso Micro Index Fund exchanged 1.000 shares at $15.75, Endeavour Holdings traded 400 shares at $12.50, First Citizens Bank settled at $44.75, with 648 stock units changing hands. JMMB Group closed at $2.80, after exchanging 57,466 shares, National Enterprises ended at $5.55, with 700 units crossing the exchange. National Flour ended at $1.36, after exchanging 10,000 shares, Point Lisas closed at $3.55, after swapping 1,015 shares, Prestige Holdings settled at $8.40, with an exchange of 6,057 shares. Republic Financial concluded trading of 27,863 stock units at $131.00, West Indian Tobacco closed at $42.50, with investors exchanging 14,318 shares and Trinidad Cement completed trading of 7,500 stock units at $1.95.

Prices of securities trading are those at which the last trade took place.

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

Lumber Depot set to leave IC TOP 10

December 16, 2019 by

Newly listed Lumber Depot traded for the first time after listing on Friday to close at $1.59, up 32.5 percent from the IPO issue price of $1.20. The stock remains in the TOP Junior Market listing at 6th position from third, last week, but may not be in it much longer.
 Honey Bun that jumped ship at the end of the prior week, returns to sit at 10th spot with the fall of tTech while the JSE Main Market welcomed back Stanley Motta to the TOP 10 at the expense of NCB Financial.
IC Insider.com has upgraded the target PE ratios to 25 with several stocks trading at that around 22 currently. The average projected gains for the IC TOP 10 stocks are 187 percent for Junior Market stocks and 145 percent for JSE Main market Top 10 companies.
The top three Junior Market stocks are Medical Disposables with projected gains of 252 percent, followed by Main Event with a potential appreciation of 246 percent and Jamaican Teas with 233 percent.
Radio Jamaica holds the lead of Main Market stocks with projected gains of 238 percent, followed by Carreras in the number two spot with projected growth of 168 percent and Pulse Investments with likely increases of 167 percent is next.
The JSE Main Market closed the week, with an overall PE of 20.8 and the Junior Market at 14.9, based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 9.1 with the Main Market PE at 10.4.
The TOP 10 stocks now trade at a discount of 39 percent of the average for Junior Market stocks and Main Market stocks trade at a discount of 50 percent to the overall market.
IC TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, along with the PE ratio for each company’s current fiscal year, are used in determining potential gains with the likely gains ranked in descending order with highest-ranked being the most attractive. Future values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have an interest in the securities commented on.

Filed Under: Buy Rated Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

JSE Main Market index down again

December 13, 2019 by

Falling stock prices outnumbered rising ones by a big margin, leading the Main Market indices of the Jamaica Stock Exchange to slip moderately on Friday as the value of stocks trading surged nearly four times Thursday’s level.
At the close, JSE All Jamaican Composite Index declined by 556.70 points to 551,796.09, the JSE Market Index lost 504.45 points to close at 502,418.76 and the JSE Financial Index inched 0.06 points higher to 135.93.
The market closed with 39 securities changing hands in the main and US dollar markets with 9 advancing, 17 declining and the prices of 13 stocks closed unchanged. JSE Main Market activity ended with 37 securities accounting for 59,610,460 units for $774,571,962, in contrast to 9,942,249 units valued $213,225,571 on Thursday, from 36 securities.
Wigton Windfarm dominated trading with 33 million shares and 60 percent of volumes traded, followed by Wisynco Group with 12 million shares for 32 percent of the day’s trade and JMMB Group with 2.3 million shares for 4 percent market share.
The market closed with an average of 1,528,704 units valued at an average of $21,515,888 for each security traded, in contrast to 284,064 units valued at $6,092,159 on Thursday. The average volume and value for the month to date amounts to 457,043 units for $7,086,604 and previously, an average of 351,921 units for $5,507,716 for each security changing hands. The market closed out November with an average of 653,621 units valued at $8,699,916 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 12 stocks ending with bids higher than their last selling prices and none closed with lower offers. The PE ratio of the market ended at 19.3, with the Main Market ending at 19.1 times the current year’s earnings.
In the premier market, Caribbean Cement lost $2 to end at $74.50, with 397,460 units changing hands, Eppley climbed $1 to settle at $15, with an exchange of 100 shares, Jamaica Producers lost $1.29 in trading 31,289 stock units to end at $23.50, Kingston Wharves shed $2 to settle at $61, in trading 4,558 units. Mayberry Investments fell 69 cents to close at $8.21, after transferring 4,080 shares, Mayberry Jamaican Equities declined by 95 cents to end at $12, with 17,049 units changing hands, NCB Financial Group gained $1.10 to close at $201.10, in swapping 499,603 shares. 138 Student Living added $1.13 to end at $4.93, with 31,950 shares crossing the exchange, PanJam Investment gained $2.49 to close at $101.99, swapping 1,068,431 shares. Pulse Investments rose 39 cents to $4.69, with 100 units changing hands, Sagicor Real Estate Fund exchanged 5,100 and lost 51 cents to end at $10, Scotia Group dropped $2 to settle at $55.50, in transferring 62,328 shares. Seprod shed 25 cents in trading 10,720 stock units to close at $50.25, Supreme Ventures lost 22 cents to close at $25.28 with 119,205 units crossing the market and Sygnus Credit Investments drifted 80 cents down to $21.20 while exchanging 20,476 shares.
Trading in the US dollar market closed with 1,042,954 units valued at US$326,173 with the market index adding 3.51 points to close at 217.42. Proven Investments traded 977,693 to close with a gain of 0.5 cents at 32 US cents and Sygnus Credit Investments lost 1 cent in exchanging 65,261shares at 13 US cents.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

New Junior Market listing welcomed

December 13, 2019 by

The Junior Market had another listing as Lumber Depot made its debut on the market on Friday, bring the number of companies listed to 41 and total listings to 44.
Lumber Depot rose 32.5 percent from the Initial Public offer of $1.20 and helped the market index to recover another 33.24 points to close at 3,406.40 points on Friday on top of the 31.86 points on Thursday. The two days’ gains in the index more than wiped out the 55.78 points fall on Wednesday, but the market is yet to claw back the 66.99 points drop on Monday.
Market activity resulted in 25 securities changing hands, similar to Thursday and ended with gains in just 11, while the prices of 7 declined and 7 remained unchanged.
Junior Market activity, left the markets average PE at 14.8. Trading ended with an exchange of 42,348,512 units valued at $92,545,825, with MailPac dominated trading with just under 41 million shares. On Thursday, 4,526,825 units worth $11,980,216, changed hands.
Trading ended with an average of 181,073 units for an average of 1,693,940 units for an average of $3,701,833 in contrast to 181,073 units for an average of $479,209 on Thursday. The average volume and value for the month to date amounts to 384,302 shares at $864,417 compared to an average of 255,401 shares at $585,144 for each security traded. In contrast, November closed with an average of 120,579 shares at $506,880 for each security switching owners.
IC bid-offer Indicator| At the end of trading, the Investors Choice bid-offer indicator with six stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of the market, AMG Packaging gained 10 cents in trading of 40,272 units at $2.10, Blue Power exchanged 2,257 shares, after rising 10 cents to end at $6.13. Caribbean Producers rose 10 cents in trading 62,715 units at $4.90, Elite Diagnostic traded 53,000 shares and rose 10 cents, to close at $5.30, Everything Fresh exchanged 26,279 stock units and gained 15 cents to close at $1.20, Express Catering lost 22 cents in transferring 49,657 shares to close at $6.10. Fontana traded 23,889 shares but lost 1 cent to end at $7.79, FosRich lost 46 cents to settle at $3.82 in trading 61,486 stock units, Honey Bun jumped 50 cents in exchanging 148,576 shares at $7.50, Indies Pharma slipped 4 cents trading 31,748 units at $3.24. Jamaican Teas lost 6 cents with 14,118 units changing hands at $6, Knutsford Express dropped back 91 cents with just 1,500 shares crossing the exchange at $10.29, Lasco Manufacturing exchanged 138,726 shares to close at $5.25 after rising 15 cents, Limners and Bards rose 13 cents trading 29,990 units at $2.98. Lumber Depot rose 39 cents on the first day of listing, to close at a record high of $1.59 with 359,997 changing hands. Trading surged for MailPac with 40,885,169 shares changing hands after climbing 46 cents to end at $2.40, Main Event lost 5 cents to settle at $6.40 while exchanging 2,629 units and SSL Venture Capital rose 20 cents with an exchange of 11,942 shares to close at $1.40.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

TTSE ends week with more gains

December 13, 2019 by

First Citizens Bank closed at a 52 weeks’ high on TTSE on Friday.

The Trinidad & Tobago Stock Exchange continued its upward climb on Friday but with more modest index gains with advancing stocks and decliners being equal.
Trading ended with 12 securities changing hands, against 15 on Thursday, with 3 advancing, 3 declining while 6 remained unchanged.
At the close of the market, the Composite Index gained 3.25 points to end at 1,468.40. The All T&T Index rose 3.28 points to 1,844.85, while the Cross Listed Index inched 0.44 points up to close at 147.98.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at five stocks with bids higher than their last selling prices and three with lower offers.
Investors traded 919,670 units for $8,793,895, compared to 562,988 units valued at $6,445,127 on Thursday.
Gains| First Citizens Bank concluded trading of 5,445 stock units and climbed 75 cents and settled at a 52 weeks’ high of $44.75, JMMB Group added 5 cents and closed at a 52 weeks’ high of $2.80, with 181,024 units crossing the exchange and Trinidad & Tobago NGL rose 49 cents in trading 37,823 shares to close at $21.99.
Losses| One Caribbean Media closed 40 cents down and ended at a 52 weeks’ low of $9.10, while exchanging 7,500 units, Point Lisas shed 3 cents to close at $3.55, with 269,707 units crossing the exchange and Scotiabank shed 4 cents to end at $59.76 with 32 shares changing hands.
Firm Trades| Calypso Micro Index Fund traded 1.000 shares at $15.75, Massy Holdings closed at $59.70, with 16,403 stock units changing hands, National Flour settled at $1.36, after exchanging 174,304 shares. NCB Financial traded 180,916 stock units at $11.30, Republic Financial swapped 11,284 units at $131 and West Indian Tobacco completed trading of 34,232 units at $42.50.

Prices of securities trading are those at which the last trade took place.

 

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

JSE Main Market index slips

December 12, 2019 by

Rising prices outnumbered declining ones by a solid margin, but the Main Market Index of the Jamaica Stock Exchange stocks slipped modestly on Thursday as the value of stocks trading remained close to Wednesday’s level.
At the close, JSE All Jamaican Composite Index declined by 432.39 points to end at 552,352.79, the JSE Market Index lost 388.56 points to close at 502,923.21 and the JSE Financial Index fell 0.40 points to close at 135.87.
The market closed with 37 securities changing hands in the main and US dollar markets with 17 advancing, 11 declining and the prices of 9 stocks closed unchanged. JSE Main Market activity ended with 35 securities accounting for 9,942,249 units valued $213,225,571, in contrast to 26,501,648 units at $237,434,671 on Wednesday, from 37 securities.
JMMB Group dominated trading with 3.05 million shares for 31 percent of the day’s trade followed by Wigton Windfarm with 2.6 million shares and 26 percent of volumes traded and Sagicor Select Funds – Financials sector with 2.44 million shares for 25 percent market share. In the US dollar market, Proven Investments exchanged 5.3 million units.
The market closed with an average of 284,064 units valued at $6,092,159 for each security traded, in contrast to 716,261 units for $6,417,153 on Wednesday. The average volume and value for the month to date amounts to 351,921 units for $5,507,716 and previously, an average of 359,075 units valued at $5,438,139 for each security changing hands. The market closed out November with an average of 653,621 units valued at $8,699,916 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 12 stocks ending with bids higher than their last selling prices and none closed with lower offers. The PE ratio of the market ended at 19.1, with the JSE Main Market ending at 18.8 times the current year’s earnings.
In the premier market, Barita Investments climbed $1.10 to settle at $71.10, with an exchange of 9,600 shares, Caribbean Cement recovered 50 cents to end at $76.50, with 926 units changing hands, Grace Kennedy gained $3 to close at $68, after transferring 8,258 shares. Jamaica Broilers added $1.90 to end at $40, with 30,053 shares crossing the exchange, Jamaica Producers traded 116,014 stock units and rose 79 cents to end at $24.79, JMMB Group gained $1 to end at $48 with 2,873,695 hares trading. Kingston Wharves gained $2 to settle at $63, in trading 6,924 units, Mayberry Jamaican Equities rose 95 cents to end at $12.95, with 1,826 units changing hands, NCB Financial Group gained $1 to close at $200, in swapping 183,314 shares. PanJam Investment fell $2.50 to close at $99.50, in trading 44,917 shares. Proven Investments rose $2.55 to settle at $47, in trading 330 units, Pulse Investments fell 55 cents to $4.30, with 19,000 stock units changing hands, Scotia Group dropped $2 to settle at $55.50, in transferring 62,328 shares. Seprod gained 50 cents in trading 3,213 stocks to close at $50.50, Supreme lost 99 cents to close at $25.50 with 15,300 units crossing the market and Sygnus Credit Investments rose $1 to $22 while exchanging 20,111 shares.
Trading in the US dollar market closed with 5,376,091 units valued at US$1,681,059 with the market index adding 1.14 points to close at 213.91. Proven Investments traded 5,305,158 shares to close with a gain of1.5 cents at 31.5 US cents and Sygnus Credit Investments exchanged 70,993 shares at 14 US cents.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,