Market indices rise on TTSE again

May 11, 2021 by

Market activity ended with the market rising on Tuesday after investors traded 28 percent fewer shares but with a 44 percent jump in value than on Monday, resulting in a five to one ratio that falling stocks had over rising ones at the close of trading on the Trinidad and Tobago Stock Exchange.

Guardian Holdings hit a 52 weeks’ high of $30 on Tuesday.

Twelve securities traded compared to 19 on Monday, with one stock rising, five declining and six remaining unchanged. Massy Holdings did not trade on Tuesday but seems the next stock to enjoy a big bounce, with the stock closing with the bid at $68 to buy 7,352 shares compared to the last sale price of $65.  the stock is on offer at $74.75 with just 700 units.
The Composite Index climbed 1.52 points to settle at 1,339.89, the All T&T Index advanced 5.25 points to settle at 1,811.72 and The Cross-Listed Index shed 0.35 points to settle at 117.02.
At the close of the market, 222,110 shares traded for $6,574,479 versus 310,179 units at $4,581,004 on Monday.
An average of 18,509 units traded at $547,873 compared to 16,325 at $241,105 on Monday. An average of 13,665 units traded at $290,413 for the month to date versus 13,060 units at $258,230. The average trade for April amounted to 11,472 units at $184,959.
The Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Ansa Mcal remained at $56.75 while exchanging 6,108 shares, Clico Investment Fund fell 34 cents to close at $25.15 with an exchange of 220 stock units, First Citizens Bank remained at $46.80 while exchanging 3,970 shares, Grace Kennedy dropped 5 cents to $4.95, with 1,000 shares crossing the exchange. Guardian Holdings rose $1, ending at a 52 weeks’ high of $30 while exchanging 74,455 units, JMMB Group lost 3 cents to close at $1.78 exchanging 2,400 shares, NCB Financial Group fell 9 cents to end at $8.1  in trading 22,898 stocks. Republic Financial Holdings ended at $132.61, with 148 units crossing the market, Scotiabank settled at $54.70 with the swapping of 181 stock units, Trinidad Cement ended at $3.30 after exchanging 130 stock units. Unilever Caribbean closed at $16.33 in an exchange of 1,100 shares and West Indian Tobacco dipped 47 cents to $32.50 after exchanging 109,500 stock units.

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

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

Main market stocks start the week down

May 10, 2021 by

Stocks raced 2.949 points shortly after opening, with All Jamaican Composite Index hitting 452,005.57 on Monday, but some amount of selling, later on, pushed the market down for the day, with the declining stocks outnumbering those rising, after 28 percent less funds went after stocks than on Friday on the Jamaica Stock Exchange Main Market.
At the close, the All Jamaican Composite Index fell 1,335.19 points to 447,721.13, the Main Index dropped 4,869.78 points to 424,662.52 and the JSE Financial Index shed 1.85 points to settle at 106.69.
Trading ended with 51 securities compared to 47 on Friday and closed with 14 stocks rising, 23 declining and 14 remaining unchanged. The PE Ratio, based on ICInsider.com forecast of 2021-22 earnings, averages 16.2.
The market closed with 10,081,649 shares trading for $68,340,342 compared to 9,057,061 units at $95,375,441 on Friday. Sagicor Select Financial Fund was the lead trade accounting for 26.3 percent of total volume, with 2.65 million shares, followed by Wigton Windfarm with 17.7 percent for 1.79 million units, Transjamaican Highway carved out 17.5 percent, with 1.76 million units and QWI Investments 10 percent, with 1.05 million units changing hands.
Trading averaged 197,679 units at $1,340,007, compared to 192,703 shares at $2,029,265 on Friday. Month to date trading averages 330,371 units at $3,975,781, in contrast to 357,658 units at $4,517,815 on Friday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments shed 60 cents to $86 after an exchange of 26,212 shares, Berger Paints slipped 79 cents to close at $12.71 in switching ownership of 518 units, Caribbean Cement lost 22 cents to end at $89.98 with a transfer of 15,291 shares. Eppley fell 30 cents to $34.20 with 24,628 stocks changing hands, Grace Kennedy rose 55 cents to close at $89, after trading 105,257 stock units, Jamaica Broilers advanced $2.98 to $33 after clearing the market with 332,852 shares, Jamaica Producers fell $1.50 to $26 in the swapping 32,469 stock units. Mayberry Investments gained 44 cents to close at $5.95 while trading 40,044 shares, MPC Caribbean Clean Energy declined $3 to end at 52 weeks’ low of $125 in switching ownership of 839 units, Palace Amusement dropped $52 to $856 in exchanging 93 stock units. Pan Jam Investment shed 50 cents and ended at $64 with 12,386 shares changing hands, Proven Investments lost 58 cents in closing at $38.20 in transferring 36,735 units, Pulse Investments rose 24 cents to close at $4.65 with 341,070 shares crossing the market, Sagicor Select Manufacturing & Distribution Fund advanced 8 cents to close at a 52 weeks’ high of $1 while exchanging 221,761 units. Salada Foods dipped 30 cents to close at $9, trading 144,058 stock units, Scotia Group fell $1.29 to $40.51 in exchanging 61,843 shares, Seprod declined $4 to close at $71 after 17,111 units crossed the exchange. Supreme Ventures shed 49 cents to settle at $17.31 after an exchange of 136,667 stock units, Sygnus Credit Investments gained 29 cents to end at $14.89 with 34,847 units changing hands.
In the preference segment, Eppley 8.75% preference share shed 99 cents at $6.51 with the swapping of 585 stocks and Eppley 7.5% preference shares advanced $1.40 to a 52 weeks’ high of $10.75 in an exchange of 50 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Stocks bounce in Port of Spain

May 10, 2021 by

The overall volume of stocks trading on Monday was marginally higher than on Friday, but it carried a 50 percent increase in the value of stocks trading on the Trinidad and Tobago Stock Exchange and leading to more stocks rising than declining and pushing the market indices a bit higher at the close.

Trinidad & Tobago Stock Exchange Head Quarters

Overall, 19 securities traded compared to 17 on Friday, with prices of seven rising, five declining and seven closing unchanged. One stock ended at a 52 weeks’ high and two at a 52 weeks’ low. The Composite Index rose 9.60 points to 1,338.37, the All T&T Index advanced 10.49 points to 1,806.47 and the Cross-Listed Index gained 1.21 points to end at 117.37.
At the close, 310,179 shares traded for $4,581,004 compared to 297,943 units at $9,108,996 on Friday.
An average of 16,325 units traded at $241,105, down from 17,526 at $535,823 on Friday. An average of 13,060 units traded at $258,230 for the month to date versus 12,254 units at $262,455. Trading in April averaged 11,472 units at $184,959.
The Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with lower offers.
At the close, Agostini’s remained at $24.40 in exchanging 451 shares, Ansa McAL gained 15 cents to $56.75, with 7,602 stock units changing hands, Ansa Merchant Bank added $1 to close at a 52-weeks’ high of $41 after 13,839 shares crossed the market. Clico Investment Fund lost 1 cent to close at $25.49 in transferring 4,545 stock units, Endeavour Holdings shed 25 cents to finish at a 52-weeks low of $8.50 with 1,180 units changing hands, First Citizens Bank added 20 cents to end at $46.80 in trading 9,094 shares. FirstCaribbean International Bank picked up 1 cent to close at $6.26 after an exchange of 800 stocks, Grace Kennedy closed at $5 with a transfer of 88,407 stock units, Guardian Holdings remained at $29 in switching ownership of 36,230 units. JMMB Group gained 1 cent to finish at $1.81 after trading 50,054 shares, Massy Holdings stayed at $65 in switching ownership of 785 units, National Flour Mills shed 7 cents to close at $2.32 in trading 54,076 shares. NCB Financial Group rose 20 cents to $8.20 with an exchange of 20,000 units, Point Lisas remained at $2.95 with 5,000 units crossing the market, Republic Financial Holdings gained 9 cents to $132.61 with a transfer of 4,057 stock units. Scotiabank remained at $54.70 after 5,796 stocks crossed the market, Trinidad Cement shed 10 cents to close at $3.30 in exchanging 100 units, Unilever Caribbean remained at $16.33 with the swapping of 2,000 stock units and West Indian Tobacco lost 1 cent to end at $32.97 trading 6,163 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: , , , , , , , , , , , , , , , , , , , , , , ,

Another TTSE stock set to list on JSE

May 10, 2021 by

Massy Holdings the T&T conglomerate is set to list on the Jamaica Stock Exchange, the second such company to do so, with Guardian Holdings having listed this week. The board made the decision at a meeting held on May 6.
According to a release from the company that has Patrick Hylton as one of its directors, who chairs Guardian Holdings, the directors in making their decision, considered the market sophistication and growth opportunities evident in the Jamaican securities market which has become increasingly more dynamic over the past few years. The release went on to further state, “the board anticipates greater regional and international interest in the company’s shares.”
Massy Holdings generated revenues of TT$3.2 billion up from $3.16 billion for the first quarter ending December and ended with a profit of $188 million up from $167 million resulting in EPS of $1.76 up from $1.57 in the first quarter in 2019. The group could end up with earnings around $6 per share with the stock that last traded at TT$65 on the Trinidad and Tobago Stock Exchange, trading at 11 this year’s earnings.
Massy has just 97,743,000 issued shares, well below the average listed company on the Jamaica Stock Exchange, so unless they do other things to create liquidity and demand for the stock it will languish from lack of investors’ interest.
Conglomerates are notorious for disappointing investors. Jamaicans will point to Grace Kennedy as a great example of a group that promised so much over the years but constantly disappointed investors who looked elsewhere while the company’s profit stagnated.

Filed Under: Breaking News, JSE Main Market, Stock Market Tagged With: , , , , ,

Major shakeup in Junior Market ICTOP10

May 8, 2021 by

The Junior Market had some major shakeup in some of the listings this past week as investors keep their eyes solidly on opportunities in this market, having slowly eating away at the above-average gains available in the market and driving prices of many stocks up and pushing the market back to early January 2020 level.
During the past week, Main Event surged nearly 33 percent from $3.50 to $4.65, pushing it from second spot last week to 10th this week. Medical Disposables dropped from the third position with a gain of 19 percent to $5.28, Stationery & Office rose from $5.71 to $6.45 and taking it from 5th to 7th position, while Lasco Financial moved up to 6th position from 9th last week, with no price change, Caribbean Producers moved up from 8th last week to 3rd this week and Caribbean Cream shifted from 7th to 2nd this week.
Stationery & Office, General Accident, Medical Disposables and Main Event that are at the edge on the Junior Market TOP10 could well drop out at any time as they are all bunched together with potential gains of 188 to 210 percent. In the Main Market, VM Investments, with potential gains of 128 percent and Berger Paints with 122 percent, could drop out soon. Results of companies to come shortly could result in changes in the list, depending on how investors respond to each.
The bullish tone of the two markets continues, with technical indicators and fundamentals of many companies keep on powering prices higher with many investors looking to the future with the recovery of the economy in mind and the impact that it will have on stocks.
Investors should expect a host of company results to hit the market next week as the mid-month date approaches. Watch these stocks over the next few weeks, Grace Kennedy, Jamaica Producers, PanJam Investment, Sagior Group, MailPac, Access Financial, Lasco Financial, Lasco Distributors, Caribbean Cream, ISP Financial.
The top three stocks in the Junior Market are headed by Elite Diagnostic, followed by Caribbean Cream and Caribbean Producers, with the potential to gain between 242 to 282 percent. The top three Main Market stocks are Radio Jamaica in the number one spot, followed by PanJam Investment and Jamaica Broilers, with expected gains of 166 to 413 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 12.2 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 40 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 6.1 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 7.7 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 229 percent and 173 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: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Guardian climbs to a new high of $1,135

May 7, 2021 by

Guardian Holdings made another big impression on the JSE Main Index for the second day running, with the index spiking more than 6,700 points at the close compared to less than 2,000 points for the  All Jamaican Composite Index at the close on Friday of the Jamaica Stock Exchange Main Market.
At the close, the All Jamaican Composite Index rose 1,717.09 points to 449,056.32, the Main Index advanced 6,789.24 points to 429,532.30 and the JSE Financial Index gained 2.78 points to settle at 108.54.
Trading ended with 47 securities compared to 51 on Thursday and closed with prices of 20 stocks rising, 18 declining and nine remaining unchanged. The PE Ratio, based on ICInsider.com forecast of 2021-22 earnings, averages 16.2.
Trading accounted for 9,057,061 shares for $95,375,441 compared to 14,011,500 units at $108,072,314 on Thursday. Wigton Windfarm led trading with 23.6 percent of total volume for 2.14 million shares, followed by Sagicor Select Financial Fund with 12.6 percent for 1.14 million units and Radio Jamaica 10.6 percent with 959,460 units.
Trading averaged 192,703 units at $2,029,265, compared to 274,735 shares at $2,119,065 on Thursday. Month to date trading averages 357,658 units at $4,517,815, in contrast to 396,230 units at $5,099,715 on Thursday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments fell $1.40 to $86.60 in trading 291,042 units, Berger Paints gained 30 cents to end at $13.50 with 5,053 stocks clearing the market. Caribbean Cement added 20 cents to close at $90.20 switching ownership of 45,139 shares, Carreras gained 25 cents to end at $9.84 in switching ownership of 334,907 stocks, Eppley Caribbean Property Fund declined $4.79 to close at $40.01 in exchanging 3,277 units, First Rock Capital shed $1.04 to end at $15.96 in switching ownership of 210,759 stocks, Guardian Holdings climbed $27 to end at $900 with an exchange of 3,768 stock units after the price shot up to a high of $1,134.90, Jamaica Broilers declined $2.98 in closing at $30.02 in transferring 38,063 shares, Jamaica Producers shed $3.50 to finish at $27.50 with the swapping of 114,576 units. Key Insurance gained 68 cents ending at $6.50 with 132,886 shares changing hands. Kingston Wharves gained 30 cents to settle at $43.90 after exchanging 31,373 stocks, NCB Financial Group rose $1 in closing at $140 after clearing the market with 40,955 shares, 138 Student Living advanced $1.09 to close at $5.29 with 50 stocks clearing the market, Palace Amusement climbed $8 to $908 in trading 59 stock units, PanJam Investment closed $1 higher at $64.50 after clearing the market with 11,459 shares. Proven Investments rose $1.01 to $38.78 with the swapping of 112,652 units, Sagicor Real Estate Fund slipped 25 cents to close at $7.95 with the transfer of 3,366 stocks, Salada Foods lost 40 cents in closing at $9.30 in trading 145,990 units, Seprod dropped $3 to finish at $75 with 105,935 shares changing hands, Supreme Ventures rose 56 cents to end at $17.80 in switching ownership of 98,891 stock units and Sygnus Credit Investments lost 39 cents ending at $14.60 in trading 39,721 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Guardian blasts JSE Market Index higher

May 6, 2021 by

The trading of Guardian Holdings shares on Jamaica Stock Exchange Main Market on Thursday saw the price surging $290.52 ending at $873 and blasting the JSE Main Index up 16,869.80 points to 422,743.06, but the better measure of the local market’s performance was the much more moderate rise of 1,416.87 points to 447,339.23 on the All Jamaican Composite Index at the same time the JSE Financial Index rose 6.31 points to 105.76.
Trading ended with 51 securities compared to 50 on Wednesday and closed with prices of 21 stocks rising, 16 declining and 14 remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.5.
The market closed with 14,011,500 shares trading for $108,072,314 compared to 14,404,463 units at $119,739,515 on Wednesday. Sagicor Select Financial Fund led trading with 32.9 percent for an exchange of 4.61 million shares followed by Wigton Windfarm with 29.6 percent for 4.15 million units and QWI Investments 7.8 percent, with 1.1 million units.
Trading averaged 274,735 units at $2,119,065, compared to an average of 288,089 shares at $2,394,790 on Wednesday. Month to date trading averages 396,230 units at $5,099,715, in contrast to 437,538 units at $6,113,136 on Wednesday. April averaged 234,200 units at $1,772,561.

Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and one with lower offers.
At the close, Barita Investments advanced $3.04 to $88 in trading 23,498 units. Berger Paints rose 50 cents to $13.20 with 2,264 stocks clearing the market, Caribbean Cement finished $2 higher at $90 after exchanging 13,677 stock units, Eppley lost 23 cents to end at $34.50 with 412 stocks changing hands, Eppley Caribbean Property Fund climbed $4.04 to $44.80, with 9,004 units clearing the market, First Rock Capital fell 47 cents to $17 with the transfer of 26,006 shares. Guardian Holdings jumped $290.52 to end at a 52 weeks’ high of $873 while trading 2,899 shares, Jamaica Broilers advanced $2.20 to $33 in the swapping of 599,456 stock units, Jamaica Producers closed $3.50 higher to a 52 weeks’ high of at $31 with 156,379 stocks crossing the market, Jamaica Stock Exchange rose 63 cents to $17.80 with 2,000 stock units changing hands. JMMB Group advanced $1.10 ending at $33.10 in switching ownership of 567,724 shares, Margaritaville declined $2.38 to close at a 52 weeks’ low of $14.50 after exchanging 4,900 units, Mayberry Investments fell 60 cents to $5.60 with the transfer of 5,000 stocks. NCB Financial gained 50 cents to settle at $139 in trading 68,878 shares. 138 Student Living shed 80 cents to end at $4.20 in exchanging 2,697 shares, PanJam Investment rose $1.25 to $63.50 in exchanging 22,174 units, Proven Investments gained 75 cents to finish at $37.77 trading 7,198 stock units, Sagicor Group rose 99 cents to end at $49.49 after crossing the market with 50,855 units. Salada Foods lost 28 cents in closing at $9.70 in transferring 261,746 stock units, Stanley Motta gained 20 cents to close at $6.20 with an exchange of 3,100 shares. Supreme Ventures lost 26 cents to end at $17.24 after crossing the market with 69,748 stock units and Wisynco Group gained 52 cents to close at $15.90 with the swapping of 134,365 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

QWI Investments took 36% of trades

May 5, 2021 by

QWI Investments led trading with 36 percent of total volume for 5.21 million shares and traded as high as $1.09, following the posting of half year results showing a major about turn in the profit from a big loss of $576 million last year to a profit of $171 million for the half year, but the stock closed the day at $1 with a miniscule rise after 14,404,463 shares traded for $119,739,515 compared to 13,252,508 units at $91,030,300 on Tuesday.
In the private bond market, Guardian Holdings 2025 Bond traded 104,000 units at $101.28 each.
Guardian Holdings was relisted on the Main market of the Exchange but did not trade but closed with the bid at $669.52, well above the JS$586 it is listed at in Trinidad.
The market recorded more gains at the close on Wednesday after an exchange of 9 percent more shares with a 32 percent higher value than on Tuesday, leading the All Jamaican Composite Index to advance 985.41 points to 445,922.36, the Main Index rose 816.03 points to 405,873.26 and the JSE Financial Index gained 0.11 points to settle at 99.45.
A total of 50 securities traded compared to 48 on Tuesday, with prices of 17 stocks rising, 20 declining and 13 remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.2.
Wigton Windfarm was the second major trading stock with 11.5 percent for 1.65 million units, Mayberry Investments followed with 10.6 percent for 1.52 million units, Transjamaican Highway controlled 8.2 percent, with 1.18 million units and Sagicor Select Financial Fund ended with 7.9 percent after 1.14 million units change hands.
Trading averaged 288,089 units at $2,394,790, compared to an average of 276,094 shares at $1,896,465 on Tuesday. Month to date trading averages 434,530 units at $5,986,780, in contrast to 512,262 units at $7,972,309 on Tuesday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator reading has fifteen stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement declined $2 to $88 with 41,807 shares changing hands, Carreras gained 54 cents in closing at $9.69 after switching ownership of 33,186 shares, Eppley Caribbean Property Fund rose 76 cents to $40.76 with the transfer of 920 units. Grace Kennedy rose 50 cents to $88.50 in an exchange of 59,837 shares, Jamaica Broilers lost 20 cents to close at $30.80 in trading 9,151 stocks. Jamaica Producers shed $2.50 to end at $27.50 after clearing the market with 265,026 units, Mayberry Investments rose 95 cents to close at $6.20 with 1,522,489 shares changing hands. Mayberry Jamaican Equities ended 70 cents higher at $7.90 with the swapping of 2,700 stocks, NCB Financial slipped 50 cents to close at $138.50 after exchanging 70,300 shares, PanJam Investment advanced $1.25 to $62.25 with 23,397 stocks changing hands. Proven Investments shed 98 cents to close at $37.02 after exchanging 40,040 shares, Salada Foods gained 48 cents to end at a 52 weeks’ high of $9.98 in switching ownership of 352,739 stock units. Scotia Group picked up 20 cents in closing at $42 after clearing the market with 670,305 shares, Seprod fell $2 to $78 in transferring 340,678 stock units, Supreme Ventures shed 45 cents to close at $17.50 in an exchange of 67,054 stocks.
In the preference segment, Eppley 7.50% preference shares rose $2.16 to $9.35 with an exchange of just one share.

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

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

Volume picks up on TTSE on Wednesday

May 5, 2021 by

Market activity ended on Wednesday, with the market rising after investors traded 135 percent shares carrying a value that was 187 greater than on Tuesday, resulting in slightly more stocks falling than rising at the close of trading on the Trinidad and Tobago Stock Exchange.
Trading took place in 14 securities compared to 13 on Tuesday, with prices of three stocks rising, four declining and seven remaining unchanged. The Composite Index advanced 1.70 points to 1,332.91, the All T&T Index rose 4.77 points to end at 1,788.21, and The Cross-Listed Index lost 0.22 points to settle at 118.52.
At the close, 225,060 shares traded, for $4,538,675, up from 95,789 units at $1,583,782 on Tuesday.
An average of 16,076 units traded for the day at $324,191 compared to 7,368 at $121,829 on Tuesday. An average of 13,135 units traded at $206,107 for the month to date versus 11,664 units at $147,064. The average trade for April amounted to 11,472 units at $184,959.
The Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two with lower offers.
At the close, Agostini’s remained at $24.40 after exchanging 18 shares, Angostura Holdings traded 2,939 shares and remained at $15.50, Ansa Mcal exchanged 5,236 stock units at $56.75, Clico Investment Fund remained at $25.15 in an exchange of 37,690 stocks. First Citizens Bank fell 5 cents to $46.45, with 265 units changing hands, FirstCaribbean International Bank settled at $6.50 after trading 19,625 stock units, Grace Kennedy gained 10 cents in ending at $5, with 6,550 shares crossing the exchange. Guardian Holdings increased 49 cents to $26 with the swapping of 47,133 stocks, Massy Holdings climbed $1.03 to $65 trading 12,727 shares, National Flour Mills stayed at $2.40 in exchanging 5,340 stocks. NCB Financial Group fell 7 cents to $8.20 after trading 57,493 stock units, Republic Financial Holdings fell 48 cents to $132.52 in switching ownership of 1,114 shares, Trinidad & Tobago NGL lost 2 cents to close at $13.47 after exchanging 21,273 stock units and Unilever Caribbean closed at $16.33 trading 7,657 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Major rebound for Main Market

May 4, 2021 by

Trading activities returned to more normal levels on Tuesday, with the market rebounding from a massive 12,000 plus points drop of the All Jamaican Composite Index on Monday. The market closed on Tuesday, with more stocks rising than declining, but with a 65 percent drop in volume after 87 percent less funds chased stocks than on Monday on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index climbed 9,180.51 points to 444,936.95 after the index rose to a high in the morning session to 449,375.45. The Main Index advanced 8,254.00 points to 405,057.23 and the JSE Financial Index rose 1.11 points to settle at 99.34.
Trading ended with 48 securities compared to 52 on Monday and closed with prices of 20 stocks rising, 18 declining and 10 remaining unchanged as two stocks closed at 52 weeks’ high and one at a 52 weeks’ low. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.4.
The market closed with 13,252,508 shares trading for $91,030,300 compared to 37,973,727 units at $706,200,616 on Monday. Wigton Windfarm led trading with 26 percent of total volume for an exchange of 3.44 million shares, followed by Transjamaican Highway with 19.74 percent for 2.62 million units and Radio Jamaica 10.8 percent, with 1.43 million units.
Trading averaged 276,094 units at $1,896,465, compared to 730,264 shares at $13,580,781 on Monday. Month to date trading averages 512,262 units at $7,972,309. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator reading has 11 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints shed 80 cents to close at $12.70, trading 16,246 shares. Caribbean Cement advanced $3 to end at $90 with 66,131 stock units changing hands, Eppley gained 24 cents in ending at $34.74 with the transfer of 8,667 units, Eppley Caribbean Property Fund closed 74 cents lower at $40 after crossing the market with 14,250 stock units. First Rock Capital declined $1.09 to $17.50 trading 9,372 units, Jamaica Producers advanced $3 to a 52 weeks’ high of $30 after exchanging 63,913 shares, Jamaica Stock Exchange gained 26 cents in closing at $17.31 with the swapping of 1,615 stock units. JMMB Group shed 90 cents to settle at $31.90 in switching ownership of 86,169 shares, Margaritaville declined $2.99 to a 52 weeks’ low of $17.01 with the transfer of 3,101 units. Mayberry Investments lost 65 cents to end at $5.25 in an exchange of 96,817 stocks, Mayberry Jamaican Equities fell $1.79 to close at $7.20 after crossing the market with 52,300 shares, NCB Financial rose $1 to $139 with an exchange of 26,195 units. Palace Amusement climbed $49.50 to $900 with 252 stocks changing hands, PanJam Investment fell $3 in closing at $61 in trading 133,113 shares, Sagicor Group rose $1.01 to end at $48.51 after exchanging 47,529 stocks, Salada Foods continues its relentless rise, with a gain of 35 cents in ending at 52 weeks’ high of $9.50 in an exchange of 270,188 shares. Scotia Group advanced $2.30 to $41.80 with the transfer of 224,092 stocks, Seprod gained 55 cents to close at $80 in switching ownership of 24,938 shares, Stanley Motta ended 50 cents higher at $6 trading 4,665 stocks. Supreme Ventures picked up 48 cents to finish at $17.95 in swapping 721,683 shares and Wisynco Group lost 40 cents to end at $15.35 with 272,429 units changing hands.

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

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