JSE Main Market stocks fell

May 25, 2021 by

The majority of Main Market stocks fell on Tuesday after the market reopened for the Labour day holiday activity ended 49 securities trading with prices of 16 rising, 26 declining and seven remained unchanged, with the seven percent fewer shares trading at double the value of stocks trading on Friday at the close of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index dropped 1,007.80 points to  453,471.53, the JSE Main Index fell 871.80 points to 423,431.38 and JSE Financial Index slipped 0.12 points to 105.21.
At the close, the PE Ratio averages 16.2 based on ICInsider.com’s forecast of 2021-22 earnings.
Trading accounted for 12,559,445 shares for $171,180,809 compared to 13,537,949 units for $85,630,782 on Friday.
Trading ended with an average of 256,315 units at $3,493,486 compared to 282,041 shares at $1,783,975 on Friday. Trading month to date averages 316,230 units at $3,589,441, in contrast to 320,145 units at $3,595,710 on Friday. April closed with an average of 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator shows 14 stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Berger Paints slipped $1.39 to $15 with the swapping of 5,190 shares, Carreras fell 45 cents to $10.25, with 183,936 stocks crossing the exchange. Eppley advanced $1 to $34 with 1,040 units changing hands, First Rock rose 55 cents to $16.40 trading 1,100 shares, Grace Kennedy lost 30 cents in trading 47,364 shares at $87.70, Guardian Holdings lost 50 cents to close at $789.50 after trading 6,164 shares, Jamaica Broilers fell $2.10 to $32.60 in a transfer of 36,324 shares. Jamaica Producers rose $1.50 to $24.50, with 880,287 stocks crossing the market, Kingston Wharves rose 31 cents to $46.31 after trading 3,528 shares, Margaritaville fell 35 cents to $14.25 trading 26,300 stock units, NCB Financial Group shed $1 to end at $137.50 in a transfer of 521,766 units, Palace Amusement rose $4 to $930 with 82 stock units changing hands, PanJam Investment dropped $6.60 to $65 after exchanging 16,245 stocks, Sagicor Group lost 70 cents to close at $52 in switching ownership of 525,679 stocks, Sagicor Real Estate Fund lost 30 cents to close at $8 while trading 2,030 shares, Scotia Group fell $1 to $39.80 in exchanging 28,625 units, Supreme Ventures fell $1.25 to $20.50 in trading 58,706 stocks and Wisynco gained 39 cents to finish at $15.89 after exchanging 23,510 stocks.

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

Rising T&T stocks clobber others

May 25, 2021 by

Massy Holdings jumped $7.75 to a 52 weeks’ high of $74.75, as market activity ended on Tuesday after 71 percent fewer shares valued 56 percent less than on Monday traded, resulting in rising stocks dominating declining ones at the close of trading on the Trinidad and Tobago Stock Exchange.
At the close, 16 traded compared to 15 on Monday, with nine stocks rising, one declining and six closing unchanged. The Composite Index climbed 9.11 points to 1,367.59, the All T&T Index rose 8.76 points to end at 1,847.63 and the Cross-Listed Index gained 1.33 points to settle at 119.67.
A total of, 560,040 shares were exchanged for $9,978,704, down sharply from 1,938,335 units at $22,585,268 on Monday.
An average of 35,003 units were traded at $623,669 down from 129,222 at $1,505,685 on Monday. The average trade month to date amounts to 25,666 units at $396,966 versus 25,061 units at $382,281. The average trade for April amounted to 11,472 units at $184,959.
The Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and three with lower offers.
At the close, Angostura Holdings traded 1,450 shares at $15, Ansa McAL remained at $56.73 in exchanging 906 units, Clico Investment Fund gained 20 cents to close at $25.50 after transferring 98,554 stocks. First Citizens Bank advanced $1.70 to $48.50 with 35,283 shares crossing the market. Grace Kennedy rose 40 cents to end at a 52 weeks’ high of $5.25 in trading 94,028 units, Guardian Holdings picked up 15 cents to close at $32.50 trading 27,000 stocks, JMMB Group remained at $1.81 in switching ownership of 60 shares. Massy Holdings jumped $7.75 to end at a 52 weeks’ high of $74.75 after 2,250 units crossed the exchange, National Flour Mills closed at $2.30 in trading 84,166 shares, NCB Financial Group traded 100,000 stocks at $8.50. Point Lisas gained 5 cents to settle at $3 in exchanging 1,248 stocks, Prestige Holdings lost 1 cent to end at $6.99 trading 222 units, Republic Financial Holdings closed at $135 in transferring 416 shares. Scotiabank advanced $1.10 to $56 after exchanging 31,802 units, Trinidad & Tobago NGL rose 46 cents to $16.95 in trading 81,953 shares and Unilever Caribbean added 1 cent in closing at $16.33 with the swapping of 702 shares.

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

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

Guardian Holdings in ICTOP10

May 23, 2021 by

Guardian Holdings moved into the IC TOP 10 following the release of a prospectus from NCB Global that is offering 2 million shares to the public at $790 each, with the stock price falling immediately, after by more than $110, to be in line with the public offer price, valuing the company’s shares at 8 times 2021 projected earnings.

Guardian Holdings now in ICInsider.com’s TOP10.

Elsewhere, with the passage of earnings season, the markets have lost most of their recent firepower to drive prices forward at a time when the Junior Market is trading at the very top of its upward sloping channel while the JSE Main Market is a few thousand points away and in facing much turbulence in attempting to break through the peak.
At the start of the past week, the Junior Market pulled back from last Friday’s close, to sit just above the 3,300 level but climbed on each succeeding day of the week, but pulled back slightly on Friday to close at 3,324 points just a few points higher than at the end of the previous week. At the same time, the JSE Main Market made attempts to come close to the 460,000 mark of the All Jamaica Composite Index but was rebuffed on each occasion and ended the week at 454,479.33, up from 451,713.66 at the close of the previous week.
The Junior Market has to decidedly break through the upper limit of the trading channel, to free it to move on to the next area of resistance, just over 4,000 mark, but the Main Market has room to run for a few thousand points before it hits the channel top at 460,000 points.
There is a shakeup of the top three stocks in the Junior Market, this week. Elite Diagnostic heads the list, followed by Caribbean Assurance Brokers and Caribbean Producers, with potential to gain between 247 to 300 percent. The top three Main Market stocks are Radio Jamaica in the number one spot, followed by Wisynco and PanJam Investments, with expected gains of 151 to 344 percent.
The targeted PE ratio for the market averages 20 based on profits of companies reporting full year’s results, up to the second quarter of 2022. Fiscal 2020-21 ended March 2021 with the average PE at 17 for Junior Stocks and 19 times for the Main Market. With interest rates on government paper below 5 percent and likely to remain there for a few years, the likelihood is for the average PE ratios to climb higher during the next twelve months or so.
The Junior Market with an average PE 12.5 based on ICInsider.com’s 2021-22 earnings, is currently trading well below the target, as well as the recent historical average of 17, this represents another 36 percent rise in the market that would equate to a rise of 60 percent to March 2022. The Junior Market Top 10 stocks average a mere 6.2 at just 50 percent of the market average, indicating substantial gains ahead. The JSE Main Market ended the week with an overall PE of 16.5, some distance from the 19 the market ended March, suggesting a 15 percent rise from now to March 2022. The Main Market TOP 10 trades at a PE of 7.9 or 48 percent of the PE of that market and well off the potential of 20.
The average projected gain for the Junior Market IC TOP 10 stocks is 225 percent and 162 percent for the JSE Main Market, based on 2021-22 earnings. IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Main Market loses ground to close out week

May 21, 2021 by

Demand for stocks declined on Friday in trading on the Jamaica Stock Exchange Main Market, with the volume of stocks trading falling 48 percent and the value of stocks exchanged dropping 82 percent lower than Thursday’s market activity leading to a slight dip in the main market indices with the advancing stocks just edging out those declining.
The All Jamaican Composite Index shed 202.86 points to 454,479.33, the Main Index fell 257.00 points to 424,303.18 and the JSE Financial Index lost 0.04 points to close 105.33.
Trading ended with 48 securities compared to 50 on Thursday, with 19 stocks rising, 18 declining and 11 remaining unchanged. The PE Ratio closed with an average of 16.3 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 13,537,949 shares trading for $85,630,782 down sharply from 26,264,484 units at $470,763,094 on Thursday. Sagicor Select Financial Fund led trading with 38.9 percent of total volume for an exchange of 5.26 million shares, followed by Wigton Windfarm with 20.2 percent after 2.74 million units were traded and Pulse Investments with 7.3 percent for 988,208 shares changing hands.
Trading closed with an average of 282,041 units at $1,783,975, compared to 525,290 shares at $9,415,262 on Thursday. Trading month to date averages 320,145 units at $3,595,710, in contrast to 322,750 units at $3,719,589 on Thursday. Trading in April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator shows eleven stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints slipped $1.61 to $16.39 with the swapping of 5,003 shares, Caribbean Cement lost 42 cents to close at $87.50 with 4,856 units changing hands, Carreras ended 20 cents lower at $10.70 after crossing the exchange with 382,401 stocks. Eppley Caribbean Property Fund advanced $4.18 to close at $44.98 with the swapping of 1,700 units, Jamaica Broilers fell 80 cents to $34.70 in a transfer of 129,900 shares. Jamaica Producers lost 50 cents to close at $23, with 200,170 stocks crossing the market, Margaritaville lost 40 cents in closing at $14.60 trading 26,126 stock units, Mayberry Investments gained 20 cents to end at $5.50, with 196,336 shares changing hands. MPC Caribbean Clean Energy rose $2 to $102 in trading 5 stocks, NCB Financial Group shed 50 cents to end at $138.50 in a transfer of 46,041 units, 138 Student Living shed 49 cents to settle at $4.90 with 3,975 stock units changing hands, Pan Jam Investment climbed $5.55 to $71.60 after exchanging 86 stocks. Proven Investments fell 90 cents to $37 with the swapping of 61,769 units, Sagicor Group lost 30 cents to close at $52.70 in switching ownership of 21,793 stocks, Scotia Group gained 80 cents to end at $40.80 in exchanging 5,309 units. Seprod shed $1.50 to close at $73.50 with an exchange of 44,685 stock units, Supreme Ventures rose $1.55 to close at $21.75 in trading 98,472 stocks and Sygnus Credit Investments gained 40 cents to finish at $15.61 after exchanging 313,497 stocks.
In the preference segment, Eppley 8.75% preference share fell 99 cents to close at $6.51 with a transfer of 347 shares.

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

Trading dips on TTSE

May 21, 2021 by

Trading dips on TTSEMarket activity declined on Friday, relative to Friday’s trading, with investors exchanging 38.45 percent fewer shares with a lower value than on Thursday, resulting in more stocks rising than declining at the close of trading on the Trinidad and Tobago Stock Exchange.
A total of 16 securities traded compared to 20 on Thursday, with prices of five stocks rising, three declining and eight remaining unchanged. The Composite Index fell 4.34 points to 1,355.98, The All T&T Index rose 6.90 points to 1,841.46 and the Cross-Listed Index lost 2.29 points to sit at 117.23.
At the close, 334,379 shares traded, for $6,637,409, down from 543,273 units at $7,979,074 on Thursday.
An average of 20,899 units traded at $414,838 compared to 27,164 at $398,954 on Thursday. Trading month to date averages 18,327 units traded at $309,647 versus 18,136 units at $301,855. The average trade for April amounts to 11,472 units at $184,959.
The Investor’s Choice bid-offer indicator shows no stock ending with bids higher than their last selling prices and two with lower offers.
At the close, Ansa Mcal ended trading of 7,417 shares at $56.73, First Citizens Bank traded 46,240 units at $46.79, FirstCaribbean International Bank fell 39 cents to a 52 weeks’ low of $6.10after 17,423 stocks crossed the exchange, Clico Investment Fund gained 1 cent in trading 20,135 stocks at $25.50. Grace Kennedy shed 15 cents to end at $4.85, with 48,436 units changing hands, Guardian Holdings advanced 50 cents to close at $32.50 with an exchange of 45,790 stock units, Massy Holdings declined $1.73 to $67 in switching ownership of 11,084 stock units. National Flour Mills remained at $2.30 after an exchange of  95,998 stocks, NCB Financial Group closed at $8.30 with an exchange of 3,700 units, One Caribbean Media gained 1 cent to close at $4.89 after switching ownership of 6,000 units. Point Lisas remained at $2.95, with 1,000 stock units clearing the market, Republic Financial Holdings remained at $135 after trading 530 shares, Scotiabank ended after exchanging 2,002 stock units to end at $54.90. Trinidad & Tobago NGL climbed $1.49 to close at $16.49 in an exchange of 23,421 stocks, Unilever Caribbean remained at $16.33 after exchanging 2,000 units and West Indian Tobacco advanced 4 cents to end at $32.49, trading 3,203 shares.

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

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

JSE Main market bounces back

May 20, 2021 by

Market activity ended on Thursday, with the market recovering almost all of the losses of the previous two days after advancing stocks edged out declining ones, with the overall traded volume and value climbing 211 percent and 357 percent respectively compared to Wednesday on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index climbed 3,237.08 points to 454,682.19, the Main Index advanced 2,716.72 points to 424,560.18, and the JSE Financial Index gained 0.97 points to settle at 105.37.
Trading ended with 50 securities compared to 47 on Wednesday, with 18 stocks rising, 16 declining and 16 remaining unchanged. The average PE Ratio, based on ICInsider.com’s 2021-22 forecast of earnings, is 16.1.

At the close 26,264,484 shares traded for $470,763,094 versus 8,440,224 units at $102,931,227 on Wednesday. JMMB Group 7.25% led trading with 33.9 percent of total volume for 8.91 million shares followed by Sagicor Group with 27.6 percent in trading 7.25 million units, Sagicor Select Financial Fund 13.6 percent, with 3.58 million units, Pulse Investments with 5.2 percent for 1.37 million units and Transjamaican Highway with 3.9 percent for an exchange of 1.04 million shares.
Trading averaged 505,086 units at $9,053,136, compared to 179,579 shares at $2,190,026 on Wednesday. Trading month to date averages 321,833 units at $3,709,022, compared to 307,218 units at $3,282,804 on Wednesday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments advanced $1.98 to $85.98 with 70 shares changing hands, Berger Paints rose $1.35 to end at a 52 weeks’ closing high of $18 with 14,433 stocks crossing the market, Carreras gained 90 cents to close at end at 52 weeks’ closing high of $10.90 in switching ownership of 519,508 shares, Grace Kennedy ended 99 cents higher at $88 in exchanging 14,115 units, Jamaica Broilers gained 50 cents to close at $35.50 in trading 21,359 stocks. Jamaica Stock Exchange lost 20 cents to settle at $17.80 in switching ownership of 6,010 units, JMMB Group declined $1 to $32 with a transfer of 76,488 stock units, Key Insurance gained 34 cents to end at $5.35 in trading 295,925 stocks. Kingston Wharves fell $1 in closing at $46 with the swapping of 11,543 shares, MPC Caribbean Clean Energy dropped $24 to end at 52 weeks’ closing low of $100 after exchanging 21 stock units, NCB Financial Group shed $2 to finish at $139 while exchanging 78,790 shares. 138 Student Living rose 85 cents to close at $5.39 in switching ownership of 13,853 stock units, Palace Amusement dropped $29 to end at $926 in swapping 111 stocks, PanJam Investment declined $5.85 to finish at $66.05 with 26,162 shares clearing the market, Proven Investments closed 75 cents higher at $37.90, with 5,272 units crossing the market, Sagicor Group climbed $2 to end at $53 trading 7,248,980 shares, Seprod slipped 90 cents to $75 after exchanging 41,954 units. Stanley Motta lost 34 cents in ending at $5.90 in switching ownership of 6,907 stock units, Supreme Ventures gained 20 cents to end at 52 weeks’ closing high of $20.20 in trading 193,925 shares and Wisynco Group ended 45 cents lower at $15.45 in switching ownership of 153,549 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Trading picks up on T&TSE

May 20, 2021 by

Market activity ended on Thursday with the market declining after 34 percent more shares, with a value 135 percent higher traded than on Wednesday, resulting in rising stocks just edging out those declining on the Trinidad and Tobago Stock Exchange.
Similar to trading on Wednesday 20, securities changed hands, with prices of six stocks rising, five declining and nine remaining unchanged. The Composite Index declined 2.23 points to 1,360.32, the All T&T Index lost 7.19 points to close at 1,834.56 and the Cross-Listed Index advanced 0.43 points to settle at 119.52.
At the close, 543,273 shares changed hands at $7,979,074, compared to  404,984 units at $3,387,265 on Wednesday.
Trading  averaged 27,164 units at $398,954 up from 20,249 at $169,497 on Wednesday. An average of 18,136 units traded at $301,855 for the month to date versus 17,215 units at $291,947. The average trade for April amounted to 11,472 units at $184,959.
Investor’s Choice bid-offer indicator shows no stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s remained at $24.40 after exchanging 16 shares, Angostura Holdings declined $1.50 to end at $15 in switching ownership of 53,024 units, Ansa Mcal rose 67 cents to end at $56.73 after exchanging 14,909 stocks. Clico Investment Fund shed 1 cent to end at $25.49, with 575 stock units clearing the market, First Citizens Bank ended at $46.79 with an exchange of 9,117 stocks, FirstCaribbean International Bank closed at $6.49 in trading of 27 stock units, Grace Kennedy ended at $5 in trading 6,511 shares. Guardian Holdings declined 95 cents to $32 after exchanging 80,206 shares, JMMB Group ended at $1.81 in trading 34,935 stocks, Massy Holdings dipped 3 cents to $68.73, with 7,715 shares clearing the market. National Flour Mills settled at $2.30 trading 60,092 units, NCB Financial Group advanced 9 cents to $8.30 after an exchange of 52,375 stock units, One Caribbean Media advanced 38 cents to $4.88 after trading 17 stocks. Prestige Holdings rose 47 cents to $7 after exchanging 100 units, Republic Financial Holdings climbed 44 cents to $135, with 4,959 stock units changing hands, Scotiabank remained at $54.90 with the swapping of 1,960 units. Trinidad & Tobago NGL closed at $15 in exchanging 43,921 shares, Trinidad Cement lost 4 cents in ending at $3.25 after trading 164,975 shares, Unilever Caribbean climbed 3 cents to $16.33 in trading 4,538 units and West Indian Tobacco closed at $32.45, with 3,301 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

JSE Main Market in turbulent zone

May 19, 2021 by

Just below 460,000 points is proving to be a turbulent area for the Main Market on Tuesday after coming close during the morning session at 459,212 points the index of locally based Jamaica Stock Exchange Main Market stocks pulled back sharply at the close. In today’s trading, the market moved up to 456,129 points but again failed to hold onto early gains and closed with the market index slipping from Tuesday close.
At the close, the All Jamaican Composite Index declined 2,953.62 points to close tab 451,445.11, the Main Index shed 2,482.03 points to 421,843.46 and the JSE Financial Index lost 0.98 points to settle at 104.40.
Trading ended with 47 securities, down from 52 on Tuesday, with 20 stocks rising, 22 declining and five remaining unchanged. The PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings averages 16.
The market closed with 8,440,224 shares trading for $102,931,227 versus 11,779,992 units at $110,710,765 on Tuesday. Transjamaican Highway led trading with 18.5 percent of total volume for an exchange of 1.56 million shares followed by Sagicor Select Financial Fund 17 percent, with 1.43 million units and Pulse Investments with 15.7 percent after trading 1.33 million units.
Trading averaged 179,579 units at $2,190,026, compared to 226,538 shares at $2,129,053 on Tuesday. Trading month to date averages 307,218 units at $3,282,804, in contrast to 317,134 units at $3,367,698 on Tuesday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator reading has eight stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments declined $2 in closing at $84 after clearing the market of 2,835 shares, Berger Paints advanced $1.15 to finish at a 52 weeks’ high of $16.65 in switching ownership of 7,557 shares, Caribbean Cement rose 77 cents to $87.99 with an exchange of 56,552 units. Eppley shed 70 cents to close at $33 with the swapping of 30,020 stock units, Grace Kennedy ended 99 cents lower at $87.01, with 96,486 units crossing the exchange, Jamaica Broilers declined $1 to $35 in exchanging 36,579 shares. Jamaica Producers shed $1 to close at $23.50 in transferring 18,462 units, Jamaica Stock Exchange gained 25 cents in closing at $18 with 17,670 shares changing hands, JMMB Group advanced $1 to $33 in switching ownership of 188,002 stock units. Key Insurance shed 32 cents to end at $5.01 after an exchange of 321,258 shares, NCB Financial advanced $2.10 to $141 in trading 22,667 units. 138 Student Living lost 86 cents to close at $4.54, with 12,305 stock units clearing the market, Palace Amusement climbed $41 to $955 after exchanging 123 stock units, Pan Jam Investment jumped $6.90 to $71.90 with the swapping of 1,737 units, Portland JSX fell $2.40 to $7.10 with the transfer of 51,289 shares. Proven Investments lost 80 cents to close at $37.15, with 18,599 stock units crossing the market, Sagicor Group fell $1.50 to $51 with 905,925 shares changing hands. Scotia Group shed 80 cents in ending at $40 in exchanging 41,900 stocks. Seprod advanced $2.90 to $75.90 with 13,000 units crossing the market, Stanley Motta gained 24 cents in closing at $6.24 with the swapping of 2,707 stock units, Supreme Ventures picked up 20 cents to settle at a 52 weeks’ high of $20 after clearing the market with 82,366 stocks and Sygnus Credit Investments lost 40 cents in closing at $15.10, after trading 175,692 units.
In the preference segment, JMMB Group 7.25% lost 40 cents to close at $2 after trading 300 units and JMMB Group 7.50% fell 8 cents to 77 cents with the swapping of 4,493 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Positive trading for TTSE

May 19, 2021 by

Market activity ended on Wednesday, with the market rising after trading of 264 percent shares than on Tuesday, resulting in more stocks rising than falling at the close of trading on the Trinidad and Tobago Stock Exchange.

Trinidad & Tobago Stock Exchange Head Quarters

A total of 20 securities traded, up from 17 on Tuesday, with six rising, four declining and 10 remaining unchanged. The Composite Index rose 5.01 points to 1,362.55, the All T&T Index increased 2.30 points to settle at 1,841.75 and the Cross-Listed Index gained 1.11 points to close at 119.09.
A total of 404,984 shares changed hands at $3,389,931 compared to 111,300 units at $2,813,902 on Tuesday. An average of 20,249 units traded at $169,497 up from 6,547 at $165,524 on Tuesday. An average of 17,215 units traded at $291,947 for the month to date compared to 16,870 units at $305,862. The average trade for April amounts to 11,472 units at $184,959.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s remained at $24.40 in switching ownership of 9,335 shares, Angostura Holdings rose 99 cents to $16.50, with 200 stocks units changing hands, Ansa Mcal declined 67 cents to $56.06 with an exchange of 872 units. Ansa Merchant Bank closed at $41, trading 2,000 stock units, Calypso Macro Investment Fund rose 6 cents to $14.36 in an exchange of 500 stock units. Clico Investment Fund advanced 25 cents to $25.50, with 25,974 stocks crossing the market, Endeavour Holdings lost 50 cents to close at 52 weeks’ low of $8 trading 332 stock units. First Citizens Bank closed at $46.79 with an exchange of 8,171 stocks, Grace Kennedy dropped 10 cents to end at $5 in trading 15,416 stocks. Guardian Holdings closed at $32.95, with 25,745 shares crossing the exchange, Guardian Media rose 24 cents to $3.25, in swapping of 88,557 shares, JMMB Group gained 11 cents in closing at $1.81, after ownership of 206,015 units changed. Massy Holdings settled at $68.76 with the swapping of 1,178 stock units, National Flour Mills ended at $2.30 with 98 stocks crossing the market, NCB Financial Group settled at $8.21 with 9,000 shares changing hands. Republic Financial Holdings settled at $134.56 in trading 2 stocks, Trinidad & Tobago NGL closed at $15 with an exchange of 3,221 stock units, Trinidad Cement increased 4 cents to end at $3.29 while exchanging 25 stock units. Unilever Caribbean closed at $16.30 after exchanging 5,338 stock units and West Indian Tobacco declined 4 cents in closing at $32.45 with the swapping of 3,005 shares.

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

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

Guardian knocks JSE Main Index

May 18, 2021 by

Market activity ended on Tuesday with the market indices all declining, but the JSE Main Index sustaining the greater loss of 6,266.26 points to close at 424,325.49, with Guardian Holdings dropping $110, with NCB Global announcing on Monday the offer of 2 million shares to the public at $795 each. Trading ended after an exchange of 31 percent fewer shares valued 30 percent less than on Monday on the Jamaica Stock Exchange Main Market.

Guardian Holdings hits the lowest price on the JSE on Tuesday.

The All Jamaican Composite Index declined 371.38 points to 454,398.73, the JSE Main Index dropped 6,266.26 points to 424,325.49 after Guardian Holdings trading at the lowest price since listing and the JSE Financial Index shed 2.89 points to settle at 105.38.
Trading ended with 52 securities slightly down on the 51 on Monday, with 20 rising, 24 declining and eight remaining unchanged. The PE Ratio averages 16.2 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 11,779,992 shares trading for $110,710,765 versus 17,166,156 units at $158,866,078 on Monday. Sagicor Select Manufacturing & Distribution Fund led trading with 25.4 percent of total volume after an exchange of 3 million shares followed by Sagicor Select Financial Fund 14.3 percent, with 1.68 million units, Pulse Investments contributed 12.7 percent, with 1.5 million units, Transjamaican Highway accounts for 10.3 percent after trading 1.21 million units and Wigton Windfarm with 9.1 percent after 1.07 million units changed hands.
Trading averaged 226,538 units at $2,129,053, compared to 336,591 shares at $3,115,021 on Monday. Trading month to date averages 317,134 units at $3,367,698, in contrast to 325,653 units at $3,484,171 on Monday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Berger Paints gained 50 cents ending at a 52 weeks’ high of $15.50 in trading 18,992 stock units, Caribbean Cement advanced $2.22 to $87.22 with 122,894 units changing hands, Grace Kennedy slipped 50 cents to close at $88 with the swapping of 58,997 shares, Guardian Holdings dropped $109.96 to end at $789.99 trading 11,872 stocks after NCB Global posted its prospectus on the JSE to sell 2 million shares to the public at a price that was much lower than the Mondays’ close. Jamaica Broilers advanced $2 in closing at $36, with 251,099 units crossing the exchange. Jamaica Producers fell 48 cents to $24.50 in transferring 123,613 stock units, JMMB Group shed $1.10 to end at $32 with an exchange of 357,375 shares. Key Insurance lost 27 cents to settle at $5.33 in clearing the market of 366,006 stocks, Kingston Wharves rose $2 to $47 in switching ownership of 1,856 shares, Margaritaville closed 50 cents lower at $15 after clearing the market with 1,500 stock units. NCB Financial Group gained 70 cents to end at $138.90 in an exchange of 113,242 shares, 138 Student Living finished 89 cents higher at $5.40 after crossing the market with 4,300 stock units, Palace Amusement declined $26 to end at $914 with 2 units crossing the exchange. PanJam Investment fell $4 in closing at $65 with an exchange of 40,380 stock units, Proven Investments gained 90 cents to end at $37.95 in trading 14,404 shares, Sagicor Group shed $1.45 to end at $52.50 with the swapping of 13,121 units, Sagicor Real Estate Fund rose 74 cents to $8.29 with the transfer of 1,548 shares. Salada Foods gained 44 cents to finish at $7.50 in exchanging 67,172 units, Scotia Group slipped 50 cents to close at $40.80 with an exchange of 456,287 stocks, Seprod declined $4.57 to $73 after 3,586 units changed hands. Sterling Investments lost 25 cents to settle at $3.25 in transferring 15,408 shares and Victoria Mutual Investments fell 28 cents to $6.71 with 72,106 stocks changing hands.
In the preference segment, 138 Student Living preference share advanced $1.66 to $7.90, with 5 stock units clearing the market and Productive Business Solutions 9.75% preference share dropped $5 to $105 in trading 100 stocks.

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

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