Market activity pushed nearly half of stocks trading higher on Tuesday, with the market rising after 71.4 percent fewer shares changed hands than on Monday at the close of trading on the Trinidad and Tobago Stock Exchange.
At the close 17 securities traded up from 16 on Monday, with eight rising, five declining and four remaining unchanged. The Composite Index rose 6.06 points to 1,357.54, the All T&T Index gained 12.37 points to finish at 1,839.45, and The Cross-Listed Index shed 0.10 points to close at 117.98.
At the close, 111,300 shares changed hands for $2,813,902, down from 389,324 units at $5,982,945 on Monday.
An average of 6,547 units traded at $165,524, down 24,333 at $373,934 on Monday. An average of 16,870 units traded at $305,862 for the month to date versus 17,974 units at $320,866. The average trade for April amounted to 11,472 units at $184,959.
The Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings ended at $15.51 with an exchange of 182 shares, Ansa Mcal declined 2 cents to $56.73 in trading 902 stocks, Clico Investment Fund rose 15 cents to $25.25, with 43,600 units clearing the market. First Citizens Bank rose 4 cents to $46.79 and finished trading 3,110 stock units. FirstCaribbean International Bank climbed 23 cents to $6.49 after 199 shares changed hands, Guardian Holdings gained $1.95 to close at a 52 weeks’ high of $32.95, with 29,618 units trading, Guardian Media dropped 24 cents to $3.01, with 150 units crossing the exchange. 
Massy Holdings climbed $2.76 to end at a 52 weeks’ high of $68.76 in exchanging 78 shares, National Flour Mills ended at $2.30 with an exchange of 126 shares, NCB Financial Group added 1 cent to close at $8.21 in trading 15,642 stock units. One Caribbean Media closed at $4.50 while exchanging 10,000 stock units, Republic Financial Holdings rose $1.78 to $134.56 after an exchange of 1,800 units, Scotiabank shed 10 cents to end at $54.90 with an exchange of 67 stock units. Trinidad & Tobago NGL advanced 50 cents to $15, with 2,460 units crossing the market, Trinidad Cement fell 5 cents to $3.25 with the swapping of 149 stocks, Unilever Caribbean closed at $16.30 in switching ownership of 120 shares and West Indian Tobacco lost 2 cents to end at $32.49 in exchanging 3,097 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More gains for TTSE stocks
JSE Main Market in resistance territory
Market activity pushed the All Jamaican Composite Index up 4,686 points in the early morning session to just over 456,400 points and close to resistance level on Monday and the market managed to hold on 3,056.45 points at the close to end at 454,770.11, on the Main Market of Jamaica Stock Exchange, at the same time, the Main Index rose 2,576.48 points to 430,591.75, and the JSE Financial Index gained 1.14 points to settle at 108.27.
At the close, 51 securities traded, up from 49 on Friday, with 20 rising, 23 declining and eight ending unchanged. The PE Ratio averages 16.2 based on ICInsider.com forecast of 2021-22 earnings.
The volume and values of shares traded, fell 46 percent and 48 percent respectively compared to Friday levels, as 17,166,156 shares changed hands for $158,866,078 versus 31,695,926 units at $306,013,533 on Friday. Wigton Windfarm led trading with 40.9 percent of total volume, with 7 million shares followed by JMMB Group 7.5% took 14.1 percent of the market, with 2.43 million units, Transjamaican Highway accounted for 10.5 percent with 1.80 million units and Pan Jam Investment with 7.4 percent after 1.14 million units changed hands.
Trading averaged 336,591 units at $3,115,021, compared to 646,856 shares at $6,245,174 on Friday. Trading month to date averages 325,653 units at $3,484,171, in contrast to 324,542 units at $3,521,674 on Friday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator reading has 12 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments advanced $3 to $86, trading 29,830 units, Caribbean Cement climbed $3.98 to $85 with 12,710 stocks changing hands, Eppley Caribbean Property Fund declined $3.20 to end at $40.80, with 10,011 shares clearing the market. First Rock Capital shed 50 cents to end at $16 with an exchange of 15,785 stock units, Jamaica Broilers closed 50 cents lower at $34 with 99,562 units crossing the market, Kingston Wharves declined $3 to $45 in transferring 8,444 shares, NCB Financial Group lost 30 cents to end at $138.20 in exchanging 102,400 stocks, 138 Student Living shed 79 cents to close at $4.51 with 963 stock units crossing the exchange, Palace Amusement climbed $30 to $940 in switching ownership of 81 units, PanJam Investment rose $2.50 to close at $69 with 1,138,183 shares changing hands. Portland JSX skidded 90 cents to $9.50 trading 8,289 stock units, Proven Investments ended 90 cents lower at $37.05 in an exchange of 20,235 shares, Pulse Investments lost 30 cents in closing at $4.20 with the swapping of 787,692 shares. Sagicor Group advanced $3.40 to $53.95, with 158,237 units crossing the market, Sagicor Real Estate Fund shed 75 cents to end at $7.55 in an exchange of 10,397 stocks. Salada Foods slipped 60 cents to $7.06 with a transfer of 47,709 shares, Scotia Group gained 30 cents to end at $41.30 in exchanging 128,645 stocks. Seprod fell 37 cents to close at $77.57 in switching ownership of 18,230 units, Sterling Investments rose 50 cents in closing at $3.50 with 255,486 stock units changing hands. 
Supreme Ventures gained 31 cents to settle at $19.81 in switching ownership of 37,888 units, Sygnus Credit Investments closed 75 cents higher at $15.50 in the swapping of 624,203 stock units and Victoria Mutual Investments rose 69 cents to $6.99 after an exchange of 227,405 units.
In the preference segment, 138 Student Living Preference share advanced 81 cents in closing at $6.24 after exchanging 46 shares and Eppley 8.25% gained 85 cents to end at $7 in transferring 1,500 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks push T&TSE higher
Higher stock prices beat out falling ones at the close of activity ended on Monday, with the market rising after trading 25.54 percent fewer shares than on Friday at the close of trading on the Trinidad and Tobago Stock Exchange.
Trading took place in 16 stocks compared to 15 on Friday, with eight rising, three declining and five ending unchanged. The Composite Index gained 8.26 points to settle at 1,351.48, The All T&T Index increased 7.26 points to 1,827.08 and the Cross-Listed Index gained 1.31 points to close at 118.08.
At the close, 389,324 shares were traded for $5,982,945 down from 522,888 units at $8,105,696 on Friday.
An average of 24,333 units traded at $373,934 compared to 34,859 at $540,380 on Friday. For the month to date, an average of 17,974 units traded at $320,866 versus 17,263 units at $314,929. The average trade for April amounted to 11,472 units at $184,959.
The Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s closed at $24.40, trading 4,525 shares, Angostura Holdings gained 1 cent to end at $15.51 in exchanging 1,064 shares, Clico Investment Fund lost 5 cents in closing at $25.10 after exchanging 2,572 units. First Citizens Bank shed 4 cents to close at $46.75, with 21,725 shares crossing the exchange. FirstCaribbean International Bank ended at $6.26 in an exchange of 2,037 stock units, Grace Kennedy rose 10 cents to end at 52 weeks’ high of $5.10, with 88,322 shares changing hands, Guardian Holdings gained $1 to end at 52 weeks’ high of $31 in exchanging 13,605 units.
Massy Holdings advanced 94 cents to close at a 52 weeks’ high of $66 in trading 10,105 stock units, National Enterprises settled at $3 in switching ownership of 2,372 units, National Flour Mills rose 35 cents to close at $2.30 in an exchange of 60,620 shares. NCB Financial Group stayed at $8.20, with 115,974 shares changing hands, Prestige Holdings climbed 2 cents to $6.53, with 50 units crossing the exchange, Republic Financial Holdings climbed 26 cents to $132.78 in trading 6,333 stocks. Scotiabank gained 25 cents to end at $55 in an exchange of 8,975 stocks, Trinidad & Tobago NGL lost 30 cents to close at $14.50 with an exchange of 50,545 shares and Unilever Caribbean settled at $16.30 while exchanging 500 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Profit gains push Berger & SOS out of ICTOP10
Stationery & Office Supplies – Montego Bay office.
Investors got a serious dose of a new set of company results and they liked a number of them, driving up prices of some up, following results that surprised positively. Many of the surprising ones matched the ICInsider.com forecast. Stationery & Office Supplies that was in the ICTOP10 up to last week reported earnings in line with ICInsider.com projections of $1 and investors pushed the price to a 52 weeks’ high of $9.50, with a gain of 109 percent for the year so far, with more gains ahead.
tTech is another company reporting earnings in line with the ICInsider.com forecast, with the stock jumping to $5.91 to be up 41 percent for the year. Berger Paints another TOP 10 stock up to last week, seems well on the way to earn $1.50, ICInsider.com forecasted, the price closed the week at $15, pushing it out of the TOP10. There are only 4,852 units on offer up to $17 thereafter, just over 154,000 between $18.99 and $19.86, Grace Kennedy reported a 26 percent rise in profit for the quarter, a continuation of good growth it enjoyed in 2020, but the market is yet to reward it with a price rise.
Access Financial and Key Insurance have moved into the TOP10 to fill the space left by the two stocks that fell out at the end of the week.
When ICInsider.com embarked on the 2021 profit forecast, it was a most difficult time due to the turbulence in the economy and businesses of many listed companies. Nevertheless, we boldly made our forecast and the first fruits are now showing and investors like them in driving up nine of 15 Junior Market stocks selected in January, bettering the gains for the year of 26 percent. Two stocks more than doubled and one is up 96 percent after more than doubling in trading for the year to date, earlier this week, before some profit taking set in. One stock rose 64 percent, one gained 43 percent, two 35 percent and two with 29 percent gain. Added to this is Future Energy Sources that was a part of the TOP10 listing starting at the end of February and has since gained 35 percent.
The ICTOP15 stocks in continuing an outstanding performance saw, Stationery & Office Supplies jumping 109 percent for the year to date, Lumber Depot 104 percent, Jamaican Teas 96 percent, Main Event 64 percent, Lasco Financial rose 43 percent, Caribbean Cream and Caribbean Producers up 35 percent, Lasco Distributors and MailPac a rise of 29 percent each.
The JSE Main Market is only up 4 percent year to date, but ICTOP15 stock selection saw Carreras and Grace Kennedy rising 37 percent, QWI Investments and Caribbean Cement up 29 percent, Seprod up 20 percent, Jamaica Producers 19 percent and Jamaica Broilers up 15 percent.
The bullish tone of both markets continues, but the Junior Market had hit the top line of an upward sloping channel that could act as resistance and is worth watching. The Main Market is a few thousand points away from its channel top, but those resistance points should be only temporary barriers if they, in fact become that.
The top three stocks in the Junior Market are headed by Elite Diagnostic followed by Medical Disposables and Jetcon Corporation, with the potential to gain between 245 to 283 percent. The top three Main Market stocks are Radio Jamaica in the number one spot, followed by Jamaica Broilers and PanJam Investment, with expected gains of 165 to 385 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.
The Junior Market, with an average PE 12.3 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 39 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 6.4 at just 52 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 7.8 or 47 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 220 percent and 168 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.
Main market retreats from robust early gains
Stocks trading climbed sharply on Friday with an exchange of 118 percent more shares valued 268 percent more than in Thursday trading on the Jamaica Stock Exchange Main Market. The All Jamaican Composite Index just managed to squeeze out a gain of 87.75 points to close at 451,713.66 after it traded up close to 6,000 points to a high of 457,408.33 within an hour of the market’s opening.
JSE All Jamaica Composite Index heading for the top of the upward sloping channel top at 460,000 points and could face resistance there.
The JSE Main Index rose 581.22 points to settle at 428,015.27 and The JSE Financial Index gained 0.24 points to end at 107.13.
Trading ended with 49 securities compared to 47 on Thursday and ended with prices of 21 stocks rising, 17 declining and 11 remaining unchanged. The PE Ratio averages 16.5 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 31,695,926 shares trading for $306,013,533 compared to 14,522,547 units at $83,441,774 on Thursday. Wigton Windfarm led trading with 41.6 percent of total volume for 13.18 million shares, followed by Supreme Ventures with 31.7 percent for 10.04 million units and JMMB Group 7.50% with 5.4 percent for 1.70 million units changing hands.
Trading averaged 646,856 units at $6,245,174, compared to an average of 308,990 shares at $1,775,357 on Thursday. Trading month to date averages 324,542 units at $3,521,674, in contrast to 289,678 units at $3,227,079 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 one with a lower offer.
At the close, Barita Investments dropped $3.05 to $83 with 33,408 shares changing hands. Berger Paints advanced $1.35 to close at a 52 weeks’ high of $15 after exchanging 30,727 stock units, Caribbean Cement slid $4.98 to $81.02 with 96,636 shares crossing the exchange. Eppley Caribbean Property Fund shed 98 cents to close at $44 trading 11 units, First Rock Capital fell 40 cents to $16.50 in exchanging 50,337 shares, Grace Kennedy slipped 19 cents to close at $88.66 in switching ownership of 161,912 stocks. Jamaica Broilers ended $1 lower at $34.50 in exchanging 30,864 units, Jamaica Stock Exchange gained 24 cents to close at $17.99 with 11,600 stock units crossing the market, JMMB Group rose $1.05 to $33.05 in trading 33,966 units, Kingston Wharves advanced $1 to end at $48 in an exchange of 3,152 stocks, NCB Financial declined $1.50 to $138.50 after transferring 39,781 units, 138 Student Living gained 30 cents to end at $5.30 in exchanging 2,129 stocks. PanJam Investment rose $1 to close at $66.50 in trading 594,688 units, Proven Investments rose 94 cents to $37.95 in trading 26,800 shares, Sagicor Group closed 54 cents higher at $50.55 in an exchange of 35,406 stocks. Salada Foods rose 86 cents to $7.66 in switching ownership of 116,542 stock units, Scotia Group shed 50 cents to end at $41 in trading 20,188 units, Supreme Ventures picked up 50 cents to close at $19.50 with the swapping of 10,037,859 shares, 
Victoria Mutual Investments declined 78 cents to $6.30 in trading 154,338 stock units and Wisynco Group gained 30 cents to close at $15.90, with 240,532 shares crossing the exchange.
In the preference segment, Eppley 8.25% shed 74 cents to close at $6.15 with 1,800 stock units changing hands, JMMB Group 7.25% rose 19 cents to $1.46 in transferring 3,019 stocks and JMMB Group 7.15% – 2028 lost 18 cents to finish at $2.82 trading 20,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Increased trading in Trinidad
Market activity ended on Friday, with the market closing mixed with 11 percent more shares with 46 percent greater value trading than on Wednesday, with the market reopening for trading after closing on Thursday for a public holiday, resulting in declining stocks edging out those rising at on the Trinidad and Tobago Stock Exchange.
A total of 15 securities traded, down from 20 on Wednesday, with five rising, six declining and 4 remaining unchanged. The Composite Index added 2.35 points to settle at 1,343.22, the All T&T Index slipped 1.48 points to 1,819.82 and the Cross-Listed Index rose 0.90 points to close at 116.77.
At the close, 522,888 shares traded, for $8,105,696 versus 469,851 units at $5,564,562 on Wednesday.
An average of 34,859 units traded at 8,105,696 compared to 23,493 at $278,228 on Wednesday. Trading month to date, averaged 17,263 units traded at $314,929 compared to 15,201 units at $288,509. The average trade for April amounted to 11,472 units at $184,959.
The Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s had an exchange of 2,055 shares at $24.40, Ansa Mcal closed at $56.75 with 6,108 stock units changing hands, Clico Investment Fund traded 31,904 units at $25.15. First Citizens Bank remained at $46.80 in an exchange of 3,690 stock units, FirstCaribbean International Bank ended at $6.26 after exchanging 2,158 stocks, Grace Kennedy rose 5 cents to $5 after exchanging 29,566 stock units. Guardian Holdings slipped 1 cent to $30, with 41,447 stock units changing hands, 
National Enterprises fell 23 cents to close at $3 in trading 16,300 shares, National Flour Mills declined 35 cents to end at $1.95 with the swapping of 52,900 shares, NCB Financial Group rose 10 cents to $8.20, with 138,482 stocks crossing the market. Republic Financial Holdings traded 5,371 shares after losing 9 cents and closing at $132.52, Scotiabank gained 9 cents to close at $54.75 trading 11,352 stocks, Trinidad & Tobago NGL jumped $1 to close at $14.80, after trading 178,353 stock units, Unilever Caribbean slipped 3 cents to $16.30 after exchanging 156 stocks and West Indian Tobacco added I cent to end at $32.51, with 3,046 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main market rises to 14 months high
Rising stocks pushed the market indices higher on Thursday to end with the All Jamaican Composite Index at the highest level since the middle of March last year as the market continues to move higher in recovering the big losses in 2020. At the close, the volume traded rose 18 percent, but the value dropped 46 percent on Wednesday levels on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index advanced 1,110.77 points to 451,625.91, the Main Index rose 732.14 points to 427,434.05, and the JSE Financial Index inched 0.15 points up to settle at 106.89.
Trading ended with 47 securities compared to 53 on Wednesday and closed with prices of 17 stocks rising, 23 declining and seven remaining unchanged.
The PE Ratio averages 16.4 based on ICInsider.com forecast of 2021-22 earnings.
The market closed with 14,522,547 shares trading for $83,441,774 compared to 12,295,253 units at $154,483,246 on Wednesday. Sagicor Select Financial Fund led trading with 34.2 percent of total volume for an exchange of 4.97 million shares, followed by Wigton Windfarm with 17.9 percent for 2.60 million units, Transjamaican Highway with 9.1 percent for 1.33 million units and Mayberry Investments with 8.3 percent for 1.23 million units changing hands.
Trading averaged 308,990 units at $1,775,357, compared to 231,986 shares at $2,914,778 on Wednesday. Trading month to date averages 289,678 units at $3,227,079, in contrast to 287,442 units at $3,395,135 on Wednesday. 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 three with lower offers.
At the close, Caribbean Cement shed $1 in closing at $86 after 46,436 shares traded, Eppley ended $1 lower at $34 in an exchange of 17,549 units, Grace Kennedy gained 35 cents to close at $88.85 in a transfer of 93,344 stocks. Jamaica Broilers slid 50 cents to $35.50 after exchanging 8,606 units, Jamaica Producers declined $2.35 to close at $25 with the swapping of 706,751 shares, Key Insurance lost 49 cents to settle at $5.51 with an exchange of 259,038 stocks, Kingston Wharves advanced $2 to $47 with the swapping of 5,246 units, Margaritaville gained 50 cents to end at $15.50 in trading 211 shares, Mayberry Jamaican Equities ended 45 cents higher at $8 in exchanging 50,000 stocks. MPC Caribbean Clean Energy dropped $3 to close at a 52 weeks’ low of $124 with 66 stock units changing hands, NCB Financial rose $1.22 to finish at $140 in transferring 41,935 shares, Palace Amusement advanced $2 to $910 after clearing the market of 44 units. 
138 Student Living fell 30 cents to close at $5 with 3,999 stock units crossing the market, Pan Jam Investment rose $2 to close at $65.50 in exchanging 11,859 stocks, Proven Investments fell 89 cents to $37.01 in the swapping of 17,979 stock units, Pulse Investments gained 30 cents to $4.60 in switching ownership of 345,178 shares. Sagicor Group declined $1.99 to $50.01 in an exchange of 200,381 units, Salada Foods lost 20 cents to finish at $6.80 with a transfer of 117,419 stocks, Seprod gained 88 cents to close at $77.88 in trading 12,866 shares, Supreme Ventures gained 49 cents to settle at $19 with the swapping of 48,842 stock units and Wisynco Group lost 40 cents in ending at $15.60 after trading 197,460 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
AJI past 450,000, first since March 2020
The All Jamaican Composite Index closed above the 450,000 points level for the first time since March 13 last year when it advanced 780.41 points to close at 450,515.14, on Wednesday on the Jamaica Stock Exchange, with an exchange of 119 percent more shares valued 339 percent higher than in trading on Tuesday.
The JSE Main Index gained 314.36 points to 426,701.91 and the JSE Financial Index lost 0.05 points to settle at 106.74.
A total of 53 securities traded compared to 54 on Tuesday, with 21 stocks rising, 23 declining and nine remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.4.
The market closed with 12,295,253 shares trading for $154,483,246 compared to 5,625,284 units at $35,183,198 on Tuesday. Sagicor Select Manufacturing & Distribution Fund led trading with 25.1 percent of total volume after an exchange of 3.09 million shares followed by Sagicor Group 18.5 percent with 2.28 million units, Transjamaican Highway with 15.5 percent, with 1.9 million units and Wigton Windfarm with 14 percent after 1.73 million units changed hands.
Trading averaged 231,986 units at $2,914,778, compared to an average of 104,172 shares at $651,541 on Tuesday. Trading month to date averages 287,442 units at $3,395,135, in contrast to 295,768 units at $3,467,257 on Tuesday. 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, Caribbean Cement declined $2 to $87 in trading 20,087 shares, Carreras gained 23 cents to close at $9.82 with 109,080 stock units changing hands, Eppley ended 26 cents higher at $35 in clearing the market of 1,491 shares, Eppley Caribbean Property Fund climbed $4.99 to close at $45 with the swapping of 2,000 units, First Rock Capital gained 33 cents to finish at $16.71 in transferring 17,074 stocks. Grace Kennedy shed 50 cents to close at $88.50 with the swapping of 26,786 stock units, Jamaica Broilers climbed $3 to a 52 weeks’ high of $36 in exchanging 37,352 stocks. Jamaica Producers advanced $1.15 to $27.35 with the transfer of 23,717 shares, Jamaica Stock Exchange fell 25 cents to $17.75 after exchanging 14,143 units, JMMB Group fell $1.15 to $31.90 in switching ownership of 66,428 stock units. Kingston Properties lost 25 cents to close at $8.15 after a transfer of 3,536 units, Kingston Wharves rose 50 cents to $45 in swapping 5,912 stocks, Margaritaville lost 50 cents to end at $15 with 8,035 stock units changing hands. Mayberry Investments shed 40 cents in closing at $5.30 in switching ownership of 131,843 shares, Mayberry Jamaican Equities dipped 44 cents to $7.55 after exchanging 10,450 stocks, NCB Financial declined $2.72 to $138.78 trading 62,047 stock units. Palace Amusement rose $1 to $908 in an exchange of 53 units, PanJam Investment fell $1.40 to $63.50 in trading 38,150 stocks, Portland JSX rose 75 cents to a 52 weeks’ high of $10.50 with the transfer of 1,135 shares.
Pulse Investments lost 40 cents in closing at $4.30 in an exchange of 411,205 units, Sagicor Group climbed $2.51 to $52 with 2,279,348 shares crossing the market, Salada Foods dropped 20 cents to $7 in transferring 206,193 stock units, Seprod slid 88 cents to end at $77 in switching ownership of 4,451 shares, Supreme Ventures fell $1.44 to $18.51 with 73,026 units changing hands and Wisynco Group rose 50 cents to $16 after exchanging 45,650 units.
In the preference segment, Eppley 8.75% preference share rose $1 to $7.50, in trading 17 stock units, Eppley 7.5% shed 60 cents to close at $11 with 8 units clearing the market, JMMB Group 7.15% – 2028 gained 20 cents to settle at $3 with the swapping of 85,162 units and JMMB Group 7.35% – 2028 finished 24 cents higher at $3.25 in exchanging 2,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Falling stocks dominate TTSE
Market activity ended on Wednesday, with the market rising after 112 percent more shares traded than on Tuesday, resulting in more stocks falling than rising at the close of trading on the Trinidad and Tobago Stock Exchange, but closing bids and offers suggest that the rallying could continue into Thursday.
A total of 20 securities traded, up from 12 on Tuesday, with three rising, six declining and 11 remaining unchanged. The Composite Index added 0.98 points to settle at 1,340.87, the All T&T Index advanced 9.58 points to 1,821.30 and the Cross-Listed Index fell 1.15 points to close at 115.87.
At the close, 469,851 shares traded, for $5,564,562 versus 222,110 units at $6,574,479 on Tuesday.
An average of 23,493 shares traded at $278,228 compared to 18,509 at $547,873 on Tuesday. Trading month to date, averaged 15,201 units traded at $288,509 compared to 13,665 units at $290,413. The average trade for April amounted to 11,472 units at $184,959.
The Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s traded 4,650 shares at $24.40, Angostura Holdings ended at $15.50, with 625 stocks changing hands, Ansa Mcal closed at $56.75 with 3,833 stock units changing hands, Clico Investment Fund traded 200 units at $25.15. First Citizens Bank remained at $46.80 in an exchange of 2,645 stock units, FirstCaribbean International Bank ended at $6.26 after exchanging 6,905 stocks, Grace Kennedy finished at $4.95 after exchanging 5,152 stock units. 
Guardian Holdings advanced 1 cent to end at a 52 weeks’ high of $30.01, with 3,368 stock units changing hands, JMMB Group dropped 8 cents to $1.70, after 251,623 shares crossed the market, Massy Holdings gained 6 cents in closing at a 52 weeks’ high of $65.06 in exchanging 21,138 stock units. National Enterprises climbed 42 cents to $3.23 in trading 1,800 shares, National Flour Mills declined 4 cents to $2.28 with the swapping of 5,098 shares, NCB Financial Group lost 1 cent in ending at $8.10, with 95,000 stocks crossing the market. One Caribbean Media traded 550 stocks at $4.50, Point Lisas settled at $2.95 with the swapping of 1,000 shares, Prestige Holdings shed 49 cents in ending at a 52 weeks’ low of $6.51 in an exchange of 13,655 stocks. Scotiabank dropped 4 cents to close at $54.66 trading 25,418 stocks, Trinidad & Tobago NGL fell 20 cents to close at $13.80, after trading 160 stock units, Unilever Caribbean remained at $16.33 after exchanging 3,685 stocks and West Indian Tobacco settled at $32.50, with 23,346 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Low trading activity hits JSE Main Market
In stock market activity on Tuesday, investors traded 44 percent fewer shares valued 49 percent less than on Monday with just 5,625,284 shares trading for a mere $35,183,198 compared to 10,081,649 units at $68,340,342 on Monday on the Jamaica Stock Exchange Main Market.
Trading activity led to a nice rise in the All Jamaican Composite Index that climbed 2,013.60 points to settle at 449,734.73. The Main Index gained 1,725.03 points to 426,387.55 and The JSE Financial Index inched 0.10 points higher to 106.79.
At the close, 54 securities traded compared to 51 on Monday, with prices of 23 rising, 19 declining and 12 remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.3.
The market closed Sagicor Select Financial Fund led trading with 28.3 percent of total volume for an exchange of 1.59 million shares, followed by Wigton Windfarm with 11.5 percent for 646,723 units and Transjamaican Highway with 11.3 percent for 636,420 units.
Trading averaged 104,172 units at $651,541, compared to 197,679 shares at $1,340,007 on Monday. trading month to date averages 295,768 units at $3,467,257, in contrast to 330,371 units at $3,975,781 on Monday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator shows 11 stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Berger Paints rose 81 cents to $13.52 in trading 187 shares, Caribbean Cement shed 98 cents to $89, with 3,663 shares changing hands. Carreras fell 25 cents to $9.59 in trading 86,427 stock units, Eppley closed 54 cents higher at $34.74 with 36,375 stocks changing hands. First Rock Capital gained 27 cents to settle at $16.38 in switching ownership of 4,250 units, Key Insurance finished 44 cents lower at $6.05 with the swapping of 207,507 shares, Kingston Wharves rose 69 cents to $44.50 in exchanging 3,490 stocks. Margaritaville advanced $1 to $15.50 after the transfer of 3,281 units, Mayberry Investments lost 25 cents to end at $5.70, with 1,219 stocks clearing the market, MPC Caribbean Clean Energy closed $2 higher at $127 with investors switching ownership of 117 stock units. NCB Financial Group advanced $1.50 to $141.50 with 10,070 units crossing the market, Palace Amusement climbed $51 to close at $907 after exchanging 6 stock units, PanJam Investment rose 90 cents to end at $64.90 in an exchange of 5,450 units. Portland JSX jumped $2.64 to close at $9.75 after clearing the market of 100 stocks, Salada Foods declined $1.80 at $7.20 in the transferring of 170,698 stock units, Scotia Group rose 99 cents to $41.50, trading 35,174 stocks, Seprod climbed $6.88 to $77.88 after 12,090 stock units switched owners.
Stanley Motta shed 30 cents to close at $5.85 with 1,392 units changing hands, Sterling Investments gained 23 cents to end at $2.98 in switching ownership of 20,900 stocks, Supreme Ventures rose $2.64 to a 52 weeks’ high of $19.95 in exchanging 113,998 shares. Sygnus Credit Investments lost 24 cents in ending at $14.65 with the swapping of 15,776 stock units and Wisynco Group lost 50 cents at $15.50 in an exchange of 107,145 stock units.
In the preference segment, Eppley 7.5% preference shares rose 85 cents to close at a 52 weeks’ high of $11.60 in exchange of 210 units, JMMB Group 7.15% – 2028, fell 20 cents to $2.80 in transferring 19,000 shares and Productive Business Solutions 9.75% preference share gained 49 cents to end at $110 with 21 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.