3 TTSE stocks each rise & fall – Thursday

August 9, 2018 by

Republic Bank traded at a 52 weeks’ high of $102.92.

Trading on Trinidad & Tobago Stock Exchange ended on Thursday with 344,130 shares valued at $3,881,434 changing hands, compared to 214,080 shares valued at $2,940,696, on Wednesday.
Market activity ended with 12 securities changing hands compared to 17 trading on Thursday, and the market closed with 3 recording gains, 3 losses and 6 ending with prices unchanged. At the close of trading two stocks ended at 52 weeks’ closing highs and one at a low.
At the close the Composite Index lost 0.14 points on Thursday to 1,231.12, the All T&T Index added 0.05 points to 1,712.14 and the Cross Listed Index lost 0.04 points to 100.83.
IC bid-offer Indicator| At the close of trading, the Investor’s Choice bid-offer indicator reading shows market sentiment with 2 stocks ending with higher bids than the last selling prices and 4 with lower offers.
Stocks with Gains| Republic Financial Holdings concluded trading of 474 shares and gained 4 cents and ended at a 52 weeks’ high of at $102.92, Scotiabank added 1 cent in completing trading at $65.02, after exchanging 5,800 units and Trinidad & Tobago NGL increased 27 cents and settled at a 52 weeks’ high of $30.01, after exchanging 8,879 shares.
Stocks Losses| First Citizens closed with a loss of 1 cent at $35, after exchanging 1,516 shares,

National Enterprises shed 50 cents and ended at a 52 weeks’ low of $9, with 2,310 stock units changing hands and West Indian Tobacco lost 1 cent and completed trading at $87.99, with 2,497 units.
Firm Trades| Ansa Merchant settled at $40, after exchanging 1,000 shares, Clico Investments ended at $20, with 34,595 stock units changing hands, First Caribbean International Bank completed trading 200 units at $8.49, National Flour ended trading 2,500 units at $1.79, One Caribbean Media concluded market activity at $12.36, after exchanging 6,000 shares and Sagicor Financial ended at $7.50, with 278,359 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

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

TTSE stock prices steady again – Wednesday

August 8, 2018 by

Trading on Trinidad & Tobago Stock Exchange ended on Wednesday with 214,080 shares valued at $2,940,696 changing hands, compared to 93,130 shares valued at $2,269,792, on Tuesday but closed without any price change.
Market activity ended with 17 securities trading and based on the last traded price none recording a change at the close, while 12 traded on Wednesday.
At the close the Composite Index lost 2.22 points on Wednesday to 1,231.26, the All T&T Index dropped 6.72 points to 1,712.09 and the Cross Listed Index rose 0.33 points to 100.87.
IC bid-offer Indicator| At the close of trading, the Investor’s Choice bid-offer indicator reading shows market sentiment with 4 stocks ending with higher bids than the last selling prices and 6 with lower offers.
At the close of the market, Angostura Holdings completed trading of 100 shares to close at $15.75, Ansa McAl settled at $57, exchanging 445 units, Calypso Macro Index Fund traded 3,250 units at $15.95, Clico Investments completed trading at $20, with 3,596 stock units changing hands, First Caribbean International Bank settled at $8.49, exchanging 72,500 units, First Citizens concluded market activity at $35.01, after exchanging 1,982 shares, Grace Kennedy completed trading at $2.80, with 10,463 stock units changing hands, Guardian Holdings settled at $16.60, with 2,787 units, Massy Holdings ended at $46.90, after exchanging 7,330 shares, National Enterprises completed trading of 5,600 stock units at $9.50, One Caribbean Media ended at $12.36, after exchanging 9,512 shares, Point Lisas completed trading at $3.70, with 100 stock units changing hands, Republic Financial Holdings closed at $102.88, after exchanging 1,030 shares, Sagicor Financial completed trading at $7.50, with 69,959 stock units changing hands, Scotiabank settled at $65.01, with 3,534 units, Trinidad & Tobago NGL ended at $29.74, after exchanging 21,780 shares and Unilever Caribbean completed trading 112 stock units at $27.
Prices of securities trading for the day are those at which the last trade took place.

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

3 new highs as Junior Market dives – Wednesday

August 8, 2018 by

Caribbean Producers traded at a 52 weeks’ high with the largest block of shares on Wednesday.

The Junior Market snapped badly on Wednesday, sending the index down a sizable 65.25 points to 3,085.65 as Access Financial dived $10.50 leading falling prices to have the upper hand even as 3 securities closed at 52 weeks’ highs.
Trading ended with 22 securities changing hands, compared to 25 on Tuesday, with just 5 advancing, 12 falling and 5 remaining unchanged as 3 stocks hit new 52 weeks’ highs and one at a low. The market closed with, 6,775,011 units valued at $40,419,386 trading, compared to 510,714 units valued at $2,313,622 on Tuesday. Caribbean Producers finished trading at a 52 weeks’ high of $6.77, exchanging 5.3 million units, Express Catering also closed trading at a 52 weeks’ high, of $8.10, General Accident closed at a 52 weeks’ high of $3.86 and AMG Packaging closed at a 52 weeks’ low of $1.90
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading had 5 stocks ending with bids higher than their last selling prices, 3 closed with lower offers.
Trading closed with an average of 307,955 units for an average of $1,837,245 in contrast to 20,429 units for an average of $92,545 on Tuesday. The average volume and value for the month to date amounts to 105,288 units valued at $575,717, compared to 38,741 units valued at $161,485. Trading in July, averaged 154,060 units valued at $655,146 for each security traded.
At the close of trading, Access Financial closed with a loss of $10.50 to $36, with 1,000 shares, but ended with the bid at $46 to buy 500 units. AMG Packaging lost 10 cents to close at a 52 weeks’ low of $1.90, with 62,500 stock units, Caribbean Producers finished trading 55 cents higher to a 52 weeks’ high of $6.77, with 5,275,108 units, C2W Music ended at $1.71, with 33,179 shares trading, Elite Diagnostic settled with a loss of 15 cents at $2.75, trading 53,599 units. Eppley ordinary share ended trading of 570 shares with a loss of 80 cents to $9.18, Everything Fresh traded 45,328 shares to end at $1.98. Express Catering traded 6,659 shares after gaining 10 cents to a 52 weeks’ high of $8.10, FosRich Group finished trading 5 cents higher at $2.57, with 2,150 shares changing hands, General Accident closed 39 cents higher at a 52 weeks’ high of $3.86, exchanging 6,949 stock units. Honey Bun concluded trading with a loss of 26 cents at $4.25, with 523,466 shares, after the company posted modest profit in its June quarter and lower profit year to date. Jamaican Teas ended trading 48,384 stock units with a loss of 30 cents at $4, Jetcon Corporation fell 5 cents to $4, with 138,272 units, KLE Group closed with a loss of 50 cents at $2.50, trading 7,933 shares. Knutsford Express dropped 44 cents to $11.51, trading 6,900 shares, Lasco Distributors concluded trading 5,698 stock units at $4, Lasco Financial finished trading 60,817 units and closed 5 cents higher at $5.30, Lasco Manufacturing settled with a loss of 22 cents at $3.93, after exchanging 418,473 shares. Main Event ended trading 3,494 shares and lost 26 cents to $6.85, Medical Disposables traded 63,387 shares with a loss of 48 cents to close at $6.20 and Stationery and Office closed at $8.04, with 3,000 units trading. In the junior market preference segment, Eppley 9.5% finished trading 8,150 shares at $5.98.
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: , , , , , , , , , , , , , , , , , , , , , , , , ,

JSE takes breather from record run – Wednesday

August 8, 2018 by

Mayberry Investments hit an all time high of $9 on Wednesday.

The Jamaica Stock Exchange took a break from ending at record close on Wednesday but advancing stocks just out-numbered decliners but the indices close lower.
At the close, the All Jamaican Composite Index declined by 926.88 points to 344,478.15 and the JSE Index dipped 844.49 points to close at 313,858.48.
Trading in the main market ended with 3,458,733 units valued at over $66,593,492 compared to 3,687,476 units valued at over $83,983,141, on Tuesday.
Market activities resulted in 27 securities trading including 2 in the US dollar market compared to 33 securities trading on Tuesday. At the end of trading, the prices of 11 stocks rose, 9 declined and 7 traded unchanged, including Grace Kennedy trading at an intraday high of $58 and Mayberry Investments trading at an all-time high of $9.
The day’s volume was led by, Sagicor Group with 898,949 units accounting for 25.99 percent of the main market volume, followed by 1834 Investments with 624,732 units, 18.06 percent of the day’s volume and Radio Jamaica with 498,490 units and 14.41 percent of the day’s volume.
Major price changes| Caribbean Cement jumped $2.30 to finish at $43.50, with 29,172 shares, Jamaica Broilers rose 55 cents to $25.50, with 48,642 stock units trading, JMMB Group fell $1 to end at $29.10, trading 37,485 shares. Mayberry Investments rose 29 cents to end $7.40 trading 68,254 shares, Salada Foods ended trading at $16.50, with 35,500 stock units, Scotia Group traded 351,092 units and gained $1.30 to end at $52.80, Seprod added $1 and finished trading at $33.01, with an exchange of just 277 shares and Supreme Ventures ended at $15.80, with 115,692 shares after rising by 30 cents.
Trading in the US dollar market closed with 5,754 units valued at US$5,330 as JMMB Group 6 percent preference share completed trading of 4,300 stock units and fell 1 cent to end at $1.04, Productivity Business Solution closed at 59 US cents trading 1,454 shares. The JSE USD Equities Index closed unchanged at 154.43.
Trading resulted in an average of 138,349 units valued at an average of $2,663,740 for each security traded. In contrast to 122,916 units for an average of $2,799,438 on Tuesday. For the month to date an average of 157,082 shares valued at an average of $2,241,849 versus 162,724 shares valued at an average of $2,114,773 on Tuesday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 3 closing with lower offers.

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

Republic makes bid for Cayman biggest bank

August 8, 2018 by

Demand rises for Republic Financial Holdings

Trinidad’s Republic Holdings has made an offer through its wholly-owned subsidiary of RBTT Barbados Republic Financial Holdings to acquire between 51 percent and 74.99 percent of the issued shares of Cayman National Bank.
The offer is priced between US$6 to US$6.75 per Cayman National share representing a premium between US$3 to US$3.75 per share as compared to the closing price of US$3 per Cayman National share on 3 August. The offer price is around 10 times earnings which is very attractive to republic as profit has been growing nicely for last year and the current year. The acquisition would allow Republic to merge Cayman National with Republic’s Cayman operations.
Cayman National has total assets of CI$1,558,692,523, up from $1,464,852,010 at June 2017. Total Comprehensive Income for nine months to June 2018 is CI$16,062,080 and is up from CI$10,841,267 in 2017.
The Offer remains subject to a number of conditions, including completion of due diligence by RBTTBL and recommendation by the Board of CNC for the Possible Offer.
Cayman National was Established in 1974 and is the largest financial services company based in the Cayman Islands, providing banking, trust and company management, fund administration, and wealth management services to clients locally and around the world, from the Cayman Islands, and the Isle of Man, with an office also in Dubai. Cayman National is publicly traded on the Cayman Islands Stock Exchange and comprises: Cayman National Bank Ltd., Cayman National Fund Services Ltd., Cayman National Securities Ltd., Cayman National Bank (Isle of Man) Limited and Cayman National Trust Company (Isle of Man) Limited and Cayman National (Dubai) Ltd.
RBTTBL was established in 1999 and is a licensed offshore international financial business operating pursuant to the International Financial Services Act, CAP. 325 of the Laws of Barbados which primarily conducts investment and investment management services. RBTTBL’s registered office is located at Republic Bank (Barbados) Limited, Independence Square, Bridgetown, Barbados. RBTTBL is a wholly-owned subsidiary of Republic Financial Holdings Limited. RBTTBL currently has wholly-owned subsidiary in the Cayman Islands, Republic Bank (Cayman Limited).
About Republic Bank (Cayman) Limited:
Republic Bank (Cayman) Limited was established on 13 January 1992 and currently holds a Trust License and an Unrestricted Class B Banking License under the Banks and Trust Companies Law of the Cayman Islands, as amended. Republic Bank (Cayman) Limited also holds a Mutual Funds License and is a registered Excluded Person for purposes of the Securities Investment Business Law of the Cayman Islands (SIBL-EP).
RFHL is listed on the Trinidad and Tobago Stock Exchange and has over US$10 billion of total assets. RFHL, along with its subsidiaries and associated companies, provides commercial banking and related services. These include investment banking, mortgage financing, securities trading and related activities, trustee services, credit card operations, foreign exchange and trade finance services as well as deposit taking and lending operations. Through its subsidiaries and associated companies, RFHL has operations domiciled in Barbados, Ghana, Suriname, Grenada, Guyana and St. Lucia in addition to Trinidad and Tobago.

Filed Under: Breaking News, Company News, General Business News Tagged With: , ,

AJ Index new record of 345,405 points – Tuesday

August 8, 2018 by

The All Jamaican Composite Index of the Jamaica Stock Exchange traded at an intraday record high of 347,551.83 in the morning session but drifted lower to close just above 345,000 points for the second day in a row.
At the close, the All Jamaican Composite Index gained 354.82 points to end at a record close of 345,405.03 and the JSE Index advanced by 323.28 points to end at a record close of 314,702.97.
Trading in the main market ended with 3,687,476 units valued at over $83,983,141 compared to 4,818,830 units valued at $56,754,894, on Friday.
Market activities resulted in 33 securities trading including 3 in the US dollar market compared to 29 securities trading on Friday. At the end of trading, the prices of 11 stocks rose, 12 declined and 10 traded unchanged.
The day’s volume was led by, Scotia Group with 841,089 units for 22.81 percent of the main market volume, followed by Carreras with 764,451 units or 20.73 percent of the day’s volume and Radio Jamaica ended with 547,000 units and accounting for 14.83 percent of the day’s volume.
Major price changes| Berger Paints traded 8,650 shares with a gain of 74 cents to close at $20, Caribbean Cement lost 30 cents and finished at $41.20, with 171,284 shares, Grace Kennedy jumped $1.05 to close at a 52 weeks’ high of $57.05, trading with 122,139 shares, NCB Financial Group climbed $3 ended trading 45,133 shares, at $104, with 1834 Investments lost 15 cents traded at a 52 weeks’ low of 90 cents, with 18,000 shares. Mayberry Investments declined $1.14 to end $7.11 trading 24,638 shares, PanJam Investment concluded trading of 4,384 shares at $51.25, after slipping $1.30, Portland JSX climbed $1 and ended at $9, exchanging 20,000 units, Sagicor Real Estate Fund fell 50 cents to settle at $14.00, with 1,000 shares, Scotia Group traded 841,089 units and fell $1.50 to end at $51.50, Seprod lost 49 cents and finished trading at $32.01, with 2,500 shares. Sterling Investments gained 60 cents and closed at $14.10, with 13,727 shares, Supreme Ventures lost 30 cents and ended at $15.50, with 65,275 shares trading.
Trading in the US dollar market closed with 154,010 units valued at US$128,075 as JMMB Group 6% preference share completed trading of 115,000 stock units and gained 1 cent to end at $1.05, Proven Investments added 1 cent and closed at 20 US cents trading 38,800 shares and Sygnus Credit closed 10 US cents in trading 210 shares. The JSE USD Equities Index lost 0.71 points and closed at 154.43
Trading resulted in an average of 122,916 units valued at an average of $2,799,438 for each security traded. In contrast to 185,340 units for an average of $2,182,881 on Friday. For the month to date an average of 162,724 shares valued at an average of $2,114,773 versus 185,258 units traded for an average of $1,727,278 on Friday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.

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

No price change for TTSE – Tuesday

August 7, 2018 by

Trinidad & Tobago Stock Exchange Head Quarters

Trading on Trinidad & Tobago Stock Exchange ended on Tuesday with just 93,130 shares valued at $2,269,792 changing hands, compared to 148,531 shares valued at $1,117,407, on Monday.
Market activity ended with 12 securities trading and based on the last traded price none recording a change at the close, while 12 traded on Tuesday.
At the close the Composite Index rose 0.40 points on Tuesday to 1,233.48, the All T&T Index gained 0.80 points to 1,718.81 and the Cross Listed Index held firm at 100.54.
IC bid-offer Indicator| At the close of trading, the Investor’s Choice bid-offer indicator reading shows market sentiment with 4 stocks ending with higher bids than the last selling prices and 5 with lower offers.
Firm Trades| Angostura Holdings ended at $15.75, with 250 stock units changing hands,  Clico Investments closed trading at $20, after 41,000 stock units changed hands, First Citizens settled at $35.01, after exchanging 2,604 shares, First Caribbean International Bank lost 1 cent and completed trading at $8.49, with 120 units, JMMB Group closed with a loss of 5 cents at $1.75, after exchanging 649 shares LJ Williams B share settled at 70 cents, after exchanging 10,000 shares. Massy Holdings concluded at $46.90, after exchanging 584 shares, Republic Financial Holdings concluded trading at $102.88, in exchanging 970 shares, Sagicor Financial ended at $7.50, with 3,046 stock units changing hands Scotiabank shed 1 cent and completed trading at $65.01, with 6,255 units changing hands, Trinidad & Tobago NGL increased 14 cents and settled at $29.74, trading 26,152 shares and Trinidad Cement concluded trading at $2.95, after exchanging 1,500 shares.
Prices of securities trading for the day are those at which the last trade took place.

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

Junior Market continues to climb – Tuesday

August 7, 2018 by

The Junior Market Index moved higher by 20.70 points to close at 3,150.90 on Tuesday after closing on Monday, for the Independence Day public holiday and being up in 6 of the last 7 trading sessions.
Trading ended with 25 securities changing hands, compared to 23 on Friday, with 7 advancing, 4 falling and 14 remaining unchanged. Medical Disposables traded at a 52 weeks’ high after June Quarter profit climbed sharply. The market closed with, 510,714 units valued at $2,313,622.29 changing hands, compared to 771,621 units valued at $2,972,863 on Friday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading had 2 stocks ending with bids higher than their last selling prices, one with a lower offer.
Trading closed with an average of 20,429 units for an average of $92,545 in contrast to 57,100 units for an average of $240,564 on Friday. The average volume and value for the month to date amounts to 38,741 units valued at $161,485, compared to 49,641 units valued at $202,520. Trading in July, averaged 154,060 units valued at $655,146 for each security traded.
At the close of trading, AMG Packaging ended at $2, after trading 4,221 stock units, Blue Power concluded trading 513 units at $40, CAC 2000 finished at $9, with 5,383 shares changing hands, Cargo Handlers settled at $10.89, in exchanging 6,000 shares, Caribbean Cream ended trading 5,395 shares rising 30 cents higher at $5.80. Caribbean Flavours traded with a loss of 20 cents at $12.50, with 3,000 stock units changing hands, Caribbean Producers finished trading 911 units at $6.22, Consolidated Bakeries closed at $2.16, exchanging 7,500 shares, C2W Music ended at $1.71, with 8,000 shares changing hands. Derrimon Trading ended at $23, with 19,545 units changing hands, Elite Diagnostic finished at $2.90, trading 28,545 stock units, Everything Fresh traded 198,030 shares to end at $1.98. Express Catering ended trading 29,883 shares and rose 5 cents to $8, General Accident finished trading 14 cents higher at $3.47, while exchanging 3,570 shares, GWest Corporation closed at $2.20, with 49,760 stock units changing hands. Honey Bun ended at $4.51, trading 5,505 units, Jamaican Teas settled with a loss of 20 cents at $4.30, with 11,758 shares, Jetcon Corporation ended trading 4,900 stock units and gained 2 cents to $4.05, KLE Group finished trading at $3, with 2,791 shares. Knutsford Express closed 44 cents higher at $11.95, trading 3,022 shares, Lasco Distributors ended at $4, with 45,380 shares changing hands, Lasco Manufacturing finished 5 cents higher at $4.15, with 9,796 units, Medical Disposables jumped 88 cents higher to close at a 52 weeks’ high of $6.68, with 1,793 shares, Stationery and Office fell 8 cents to $8.04, with 50,993 stock units and tTech ended with a loss of 25 cents at $5, trading 4,520 shares.
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: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Unilever dives $2.20 on TTSE – Monday

August 6, 2018 by

Unilever Caribbean crash $2.20 to sit at $27 just above the low of $26.75 reached in July, which is just above the price back in early July 2011.
Trading on Trinidad & Tobago Stock Exchange on Monday was more moderate than on Friday with just 148,531 shares valued at $1,117,407 changing hands, compared to 271,085 units valued at $2,133,526, on Friday.
Market activity ended with 12 securities trading against 10 on Friday, with 4 advancing, 6 declining and 3 remaining unchanged. At the close the Composite Index declined 1.42 points on Monday to 1,233.08, the All T&T Index fell 0.83 points to 1,718.01 and the Cross Listed Index slipped 0.28 points to close at 100.54.
IC bid-offer Indicator| At the close of trading, the Investor’s Choice bid-offer indicator reading shows market sentiment with 3 stocks ending with higher bids than the last selling prices and 6 with lower offers.
Gains| Clico Investments closed with an increase of 3 cents at $20, with 2,992 stock units changing hands, One Caribbean Media rose 1 cent and concluded trading at $12.36, after exchanging 410 shares, Republic Financial Holdings finished 5 cents higher and concluded trading at a 562 weeks’ high of $102.88, after exchanging 145 shares and Trinidad & Tobago NGL gained 14 cents and settled at $29.74, after exchanging 3,921 shares.
Losses| First Caribbean International Bank lost 1 cent and completed trading at $8.49, with 114 units, JMMB Group ended trading 5 cents lower at $1.75, after exchanging 100,412 shares and Scotiabank concluded trading with a loss of 1 cent and ended at $65.01, with 3,522 units changing hands.
Firm Trades| First Citizens settled at $35.01, after exchanging 8,364 shares, National Flour completed trading at $1.79, with 137 units and Sagicor Financial ended at $7.50, with 27,732 stock units changing hands.

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

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

Grace set to make big price leap

August 6, 2018 by

Grace Kennedy traded at a 52 weeks’ high on JSE on Friday..

The Jamaica stock market is at an interesting stage, with supply of many stocks offered for sale, getting more scarce by the day, while interest rates are at their lowest levels in Jamaica’s history but are most are valued  at levels when interest rates were in the teens.
The main market has gained 8,387.30 points in July, and is now a record high as of Friday with gains of 9,486.57 since the start of July, thus mirroring the start of the usual summer rally on the Jamaica Stock Exchange, while the Junior Market continues to bounce and is now at a 9 months’ high.
Liquidity is very high and forcing interest rates lower as investors try to place funds on hands. As liquidity rise in the market supply of stocks is on the decline. Some of stock with scarce supplies include Grace Kennedy that has just one offer priced at $80 when the market closed on Friday, NCB Financial that is now trading over $100 is not far behind with limited offers. It has been years that the supply of Grace stock has been this low and suggest a big upward price move.

The All Jamaica Composite index now braking out of a narrow upward sloping channel going back to November 2017.

Berger Paints, Caribbean Cement, JMMB Group, Kingston Wharves, PanJam Investment, Sagicor Group, Seprod and Scotia Group with only 362,000 units on offer are amongst some that have very limited supplies being offered for sale on the market. But the main market is not the only segment with limited supplies.Over in the Junior market where demand is not as great as in 2017, supplies are limited for many of the listings. The list includes, Blue Power, Caribbean Flavours, Cargo Handlers, Derrimon Trading, Express Catering, Caribbean Cream, Medical Disposables and Stationery and Office Supplies. Caribbean Producers closed trading at $5.80 at the end of the previous week and ended this past week at $6.22 and may well go higher this coming week as it closed with a bid at $6.20. A number of these stocks could lead the break out of the markets in a big way when investors on a whole come to the realization that with interest rates now below 2 percent,

Medical Disposables profit jumps 49 percent before foreign exchange loss in Q1.

that the old accepted PE ratio of 10 being reasonable to value stocks, is no longer accepted and that ratios of 20 to 30 will become the norm going forward. Investors only need to look at stocks in in Trinidad and Tobago where PEs have been in the 20 level for years to understand where we will be heading in the not too distant future.
The main market continues to be steered higher by an upward sloping support line as well the 45 and 125 day moving averages, lending support just below the index and the Junior Market that is at a 9 month high, is being steered by an upward rising long term support line and the start of a golden cross.

Filed Under: Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , , ,