Mixed trading starts the week on the TTSE

April 19, 2021 by

Market activity ended on Monday, ending with mixed results after trading 190 percent more shares than on Friday, resulting in three times more stocks falling than rising at the close of the Trinidad and Tobago Stock Exchange.
Overall, 14 securities traded down from 18 on Friday, with two rising, six declining and six remaining unchanged. The Composite Index lost 0.96 points to 1,348.90, the All T&T Index rose 2.89 points to 1,795.80 and the Cross-Listed Index fell 0.66 points to 122.02. At the close, one stock traded at a 52 weeks’ low.
At the close, 270,521 shares traded for $1,186,871 compared to 93,215 units at $1,332,255 on Friday.
An average of 19,323 units traded at $84,777 compared to 5,179 at $74,014 on Friday. An average of 10,738 units traded at $204,867 for the month to date versus 10,027 units at $214,793. The average trade for March amounts to 12,610 units at $342,338.
The Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Clico Investment Fund dropped 3 cents to end at $25.02, exchanging 3,557 units, First Citizens Bank gained 34 cents in ending at $46.74 after the trading of 2,539 shares, FirstCaribbean International Bank lost 15 cents to close at a 52 weeks’ low of $6.75 trading 3,252 units, Grace Kennedy ended at $5 in exchanging 200 stocks. Guardian Holdings fell 9 cents to $25.90, with 100 shares crossing the market, Massy Holdings lost 10 cents to close at $63.90 after 500 units changed hands, National Flour settled at $2.25, with 100,000 stocks clearing the market. Prestige Holdings stayed at $7.50 while exchanging 2,812 shares, Republic Financial Holdings rose $1 to close at $134 after trading 14 shares, Scotiabank finished trading 2,767 shares at$54.65. Trinidad & Tobago NGL fell 23 cents to $14.50 after 4,440 shares crossed the exchange, Trinidad Cement shed 1 cent in ending at $2.99, with 150,000 stock units crossing the market, Unilever Caribbean closed at $16.33 in an exchange of 40 shares and West Indian Tobacco remained at $32.91, with 300 stock units changing hands.

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

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

Shake up in Junior Market ICTOP10

April 17, 2021 by

Trading in the past week saw the Junior Market continuing its bullish rise, to sit at a 14.5 months high, but the Main Market continues to consolidate, sitting well below last April’s peak, but technical signals suggest that this situation is going to end soon.
Increased buying came into the market for Caribbean Cream during the past week, but the price pulled back slightly at the close to $6.34 for the stock to return to the TOP 10 at the expense of Main Event that closed the week with an impressive gain of 36 percent as it closed at $4.74. There were no exits or additions to the Main market TOP 10. Additionally, the top three Junior Market stocks changed markedly, with only one from last week remaining in the top three.
Recent activity in Caribbean Cream’s stock comes against the background of a rising stock price from a low of $4.35 to $6.34 over the past month and seems to suggest that investors are anticipating positive news when the company releases full year results later this month. The board meets next week Friday to consider a dividend. The financials for the full year to February should be released in days after.
The main market continues to trade in a narrow channel and now shows signs that a break out is imminent. First quarter results start coming in the latter part of this month and will determine the short-term move. In this regard, watch Barita Investments, Caribbean Cement, Grace Kennedy, Jamaica Producers, NCB Financial, PanJam Investment and Sagior Group.
The top three stocks in the Junior Market at the end of the last week are Jetcon Corporation followed by Main Event and Elite Diagnostic, but the list has changed and is now headed by Stationery and Office Supplies, followed by Elite Diagnostic and Medical Disposables with the potential to gain between 286 to 317 percent. The top three Main Market stocks remain unchanged, but in a slightly different order, with Radio Jamaica in the number one spot, followed by VM Investments and PanJam Investment, with expected gains of 190 to 394 percent.

Knutsford Express

The Junior Market and the Main Market continue to get support from technical indicators that point to robust gains ahead. Added to the technical indicators is the limited supply of shares for some companies. One such is Caribbean Cream that currently has few offers on the board, the same goes for Elite Diagnostic, Stationery and Office Supplies, Lasco Financial, Main Event, ISP Financial, Cargo Handlers. In the Main Market, Berger Paints, Jamaica Producers and Radio Jamaica show limited supply in the market currently.
This week’s focus: Investors should key an eye on Consolidated Bakeries, Fosrich and Jamaica Producers, this week, all three stocks have very low supplies on offer currently. Lasco Manufacturing has a large volume on the bid at $4.50 at the close on Friday and should also be watched. Knutsford Express is not in our TOP 10, but the latest results show that a turnaround has started with the February quarter showing a moderate loss of a mere $1.7 million from sales that fell 42 percent from $318 million to $185 million. The results show a marked improvement over November when revenues fell from $283 million to $149 million with a loss of $34 million. The results for the latest quarter supports ICInsider.com’s forecast for the company to return to profit for the 2022 fiscal year.
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. For reference, fiscal 2020-21 average PE ended at 17 for Junior Stocks and 19 times for the Main Market at the end of March 2021. 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 12.4 based on ICInsider.com’s 2021-22 earnings, is currently trading well below the target, as well as the recent historical average of 17. The Junior Market Top 10 stocks average a mere 5.8 at just 46 percent of the market average, indicating strong gains ahead. The JSE Main Market ended the week with an overall PE of 15.4, some distance from the 19 the market ended March at. The Main Market TOP 10 trades at a PE of 7.3 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 252 percent and 185 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 gain 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Gains for TTSE market on Friday

April 16, 2021 by

Market activity ended on Friday, with the market rising after 127 percent more shares traded with 34 percent more value than on Thursday, resulting in rising stocks just being edged out by declining ones at the close of trading on the Trinidad and Tobago Stock Exchange.
Trading ended with 18 securities changing hands compared to 14 on Thursday, with four stocks rising, five declining and nine remaining unchanged. The Composite Index rose 7.69 points to 1,349.86, the All T&T Index shed 2.30 points to settle at 1,792.91 and the Cross-Listed Index advanced 2.43 points to 122.68.
At the close, 93,215 shares traded, for $1,332,255 compared to 41,013 units at $993,218 on Thursday.
An average of 5,179 units traded at $74,014 compared to 2,930 at $70,944 on Thursday. An average of 10,027 units traded at $214,793 for the month to date versus 10,605 units at $231,575. The average trade for March amounted to 12,610 units at $342,338.
The Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and one with a lower offer.
At the close, Agostini’s traded 500 shares at $24.40, Angostura Holdings carved out a gain of 3 cents to end at $15.45 after exchanging 1,089 stocks, Clico Investment Fund increased 4 cents to close at $25.05 with an exchange of 7,028 units and Endeavour Holdings dropped 55 cents in closing at $8.75 in trading 500 stock units. First Citizens Bank lost 39 cents in ending at $46.40 and exchanging 6,620 shares. FirstCaribbean International Bank settled at $6.90 after trading 470 units, Grace Kennedy gained 20 cents to close at $5 while exchanging 19,898 stock units, Guardian Holdings remained at $25.99, with 3,882 units clearing the market. JMMB Group settled at $1.82, with 19,000 units changing hands, Massy Holdings ended at $64 in an exchange of 166 shares, National Flour Mills closed at $2.25 while exchanging 4,747 stocks. NCB Financial Group advanced 27 cents in closing at $8.49 as 11,580 units crossed the market, One Caribbean Media settled at $4.89 after 200 shares changed hands, Prestige Holdings settled at $7.50 after exchanging 1,500 stocks. Republic Financial Holdings closed at $133 with the swapping of 25 stock units, Scotiabank dropped 5 cents to close at $54.65, with 4,595 units crossing the exchange, Trinidad & Tobago NGL fell 4 cents to $14.73 after an exchange of 10,186 stock units and West Indian Tobacco shed 1 cent to close at $32.91 in trading 1,229 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: , , , , , , , , , , , , , , , , , , , , , ,

More gains for JSE main Market

April 16, 2021 by

Trading activity ended on Friday with the market rising after more stocks advanced than declined, with 14 percent more shares changing hands with 64 percent less values than on Thursday, at the close of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index rose 833.77 points to 436,595.98, the JSE Main Index advanced 740.65 points to 397,747.50 and the JSE Financial Index fell 0.54 points to settle at 99.44.
Trading ended with 47 securities, up from 45 on Thursday, with 18 stocks rising, 16 declining and 13 remaining unchanged. The PE Ratio based on ICInsider.com forecast of 2021-22 earnings averages 15.4.
The market closed with 15,472,941 shares trading for $89,310,861 compared to 13,523,122 units at $248,266,043 on Thursday. Wigton Windfarm traded 45.6 percent of total volume, with 7.05 million shares, followed by Stanley Motta with 12.2 percent after exchanging 1.89 million units and QWI Investments with 10.3 percent for 1.59 million units
Trading averaged 329,212 units at $1,900,231, compared to 300,514 shares at $5,517,023 on Thursday. Month to date trading averages 242,960 units at $1,537,268, in contrast to 231,331 units at $1,496,747 on Thursday. March averaged 354,304 units at $2,543,232.
Investor’s Choice bid-offer indicator reading has seven stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments fell $1.30 to $85.10 with the trading of 8,375 shares, Caribbean Cement climbed $3.50 to $73 after 6,582 units crossed the exchange, Eppley declined by $3 to $28 after trading 89,804 stock units. Eppley Caribbean Property Fund shed 52 cents in closing at $40.02, after exchanging 1,000 stocks Jamaica Broilers lost 20 cents to finish at $29.30 with 17,536 shares changing hands. Jamaica Producers ended 25 cents lower at $25 in the swapping of 26,570 units, Jamaica Stock Exchange fell 40 cents to $17.60 after exchanging 31,336 stock units, Kingston Wharves rose 30 cents to $43.80 with a transfer of 3,116 shares, NCB Financial dropped $4.49 to $138.50 with the swapping of 264,173 units. Palace Amusement climbed $69 to close at $809 after trading 11 units, Portland JSX advanced 89 cents to $8 with investors switching ownership of 30,200 units, Proven Investments shed 70 cents in closing at $36 in an exchange of 10,779 stock units. Scotia Group lost 24 cents in closing at $41.75 in switching ownership of 89,361 shares. Seprod rose $1.10 to end at $76.60 after 12,053 stocks crossed the exchange, Supreme Ventures gained 49 cents to close at $16 with a transfer of 38,806 shares and Wisynco Group rose 73 cents to $15.83 in the swapping of 36,486 units.
In the preference segment, JMMB Group 7.25% rose 24 cents ending at $1.83 in trading 1,250 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Bears halt another big move

April 15, 2021 by

Bulls made a gallant attempt to push the Jamaica Stock Exchange Main Market up another 3,000 plus points on Thursday, following Wednesday’s healthy rise, but the early gains were whittled away as market activity ended, with just a few hundred points rise in the indices at the close.
The All Jamaican Composite Index advanced 375.09 points to 435,762.21, the JSE Main Index rose 322.43 points to 397,006.85, and the JSE Financial Index gained 0.36 points to end at 99.98.
Trading ended with 45 securities, down from 47 on Wednesday with prices of 19rising, 12 declining and 14 remaining unchanged. The PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings averages 15.3.
The market closed with 36 percent more shares traded with a value that was 527 percent greater than on Wednesday, resulting from 13,523,122 shares trading for $248,266,043, up from 9,910,014 units at $39,590,810 on Wednesday. Jamaica Producers led trading with 44.9 percent of total volume for 6.07 million shares, followed by Transjamaican Highway with 15 percent for 2.03 million units, Wigton Windfarm accounted for 14.7 percent with 1.99 million units and Caribbean Cement with 7.9 percent for an exchange of 1.07 million units.
Trading averaged 300,514 units at $5,517,023, compared to an average of 210,851 shares at $842,358 on Wednesday. Month to date trading averages 231,680 units at $1,486,157, in contrast to 223,508 units at $1,007,558 on Wednesday. March averaged 354,304 units at $2,543,232.
Investor’s Choice bid-offer indicator reading has seven stocks ending with bids higher than their last selling prices and one with lower offers.
At the close, Caribbean Cement declined $2.50 in closing at $69.50 after an exchange of 1,065,806 shares, Eppley Caribbean Property Fund dropped $3.85 to $40.54, with 210 units changing hands, Jamaica Producers advanced $1.25 to a 52 weeks’ high of $25.25 in trading 6,066,805 shares. The gain follows the announcement that the company is acquiring 50 percent shares in the UK based shipping line, Geest Line Limited. Key Insurance picked up 38 cents to end at $5.96 in a transfer of 80,438 units, Mayberry Investments lost 20 cents to close at $5.15 in trading 18,224 stocks, Palace Amusement dropped $55 in ending at $740 with the swapping of 51 shares. PanJam Investment shed 49 cents to close at $62 in an exchange of 169,406 stock units, Proven Investments rose 71 cents to $36.70 trading 24,702 stocks. Sagicor Group fell 60 cents to finish at $50 after 9,782 shares crossed the exchange.

Salada Foods gained 35 cents ending at $5.20 with an exchange of 5,775 stock units, Scotia Group closed 54 cents higher at $41.99 with the swapping of 2,624 shares, Seprod rose 50 cents to close at $75.50, trading 9,402 units and Supreme Ventures gained 49 cents and ended at $15.51 in the transfer of 52,263 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Big gains for JSE Main Market

April 14, 2021 by

The market gained in trading on Wednesday after advancing stocks outdistanced declining ones by a third, after 38 percent less funds traced stocks than on Tuesday, as the Main Market of the Jamaica Stock Exchange closed.
The All Jamaican Composite Index jumped 3,638.22 points to 435,387.12, the JSE Main Index climbed 3,316.85 points to 396,684.42, and the JSE Financial Index gained 0.79 points to settle at 99.62.
Trading ended with 47 securities, down from 50 on Tuesday and closed with prices of 18 stocks rising, 14 declining and 15 remaining unchanged. The PE Ratio averages 15.5 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 9,910,014 shares trading for $39,590,810 compared to 9,823,398 units at $63,848,406 on Tuesday. Wigton Windfarm led trading with 52.4 percent of total volume for 5.20 million shares, followed by Transjamaican Highway with 18.5 percent for 1.83 million units and JMMB Group 7.35% due 2028 with 7.1 percent for 701,195 units.
Trading averaged 210,851 units at $842,358, compared to 196,468 shares at $1,276,968 on Tuesday. Month to date averages 223,508 units at $1,007,558, in contrast to 225,299 units at $1,030,945 on Tuesday. March averaged 354,304 units at $2,543,232.
Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cement declined $1.20 to $72 trading 9,767 shares, Eppley Caribbean Property Fund climbed $3.94 to $44.39 with an exchange of 786 stocks, First Rock Capital shed 55 cents to finish at $16 in transferring 5,434 stock units. Jamaica Producers ended $3.30 higher at $24 with the swapping of 100,583 shares, Jamaica Stock Exchange rose 95 cents to $17.95 with 3,250 stock units changing hands. Key Insurance shed 32 cents to close at $5.58 after 107,594 units crossed the market, Kingston Wharves finished 39 cents lower at $43.50 in exchanging 2,542 stocks. NCB Financial advanced $2.96 to $142.95 after trading 23,531 shares, Palace Amusement dropped $19 to close at $795 in switching ownership of 72 stock units, Proven Investments rose 99 cents to end at $35.99 in the swapping of 245,561 stocks. Sagicor Group gained 60 cents to settle at $50.60 with 3,166 shares changing hands, Scotia Group picked up 44 cents to end at $41.45 trading 103,584 stock units and Seprod rose 50 cents to close at $75 in switching ownership of 10,543 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

JSE majors bounce

April 13, 2021 by

The number of securities trading remains elevated as the market index ended higher at the close of market activity on Tuesday, but with a 51 percent fall in the volume of stocks trading at a 31 percent higher value than on Monday at the close of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index advanced 1,001.85 points to 431,748.90, the JSE Main Index rose 718.11 points to 393,367.57 and the JSE Financial Index gained 0.36 points to settle at 98.83.
Trading ended with 50 securities, up from 48 on Monday and closed with prices of 17 stocks rising, 17 declining and 16 remaining unchanged. The PE Ratio averages 15.3 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 9,823,398 shares traded for $63,848,406 compared to 20,114,270 units at $48,738,713 on Monday. Transjamaican Highway led trading with 27.9 percent of total volume for 2.74 million shares, followed by Wigton Windfarm with 21.3 percent and 2.09 million units and Jamaica Broilers 8.1 percent with 799,061 units trading.
Trading on Tuesday averaged 196,468 units at $1,276,968, compared to 419,047 shares at $1,015,390 on Monday. Month to date averages 225,299 units at $1,030,945, versus 230,411 units at $987,324 on Monday. March closed with an average of 354,304 units at $2,543,232.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints lost 30 cents in closing at $12.01 after trading 16,258 shares, Caribbean Cement advanced $1.20 to $73.20 in an exchange of 6,029 shares, Eppley rose $1 to $31 with 409 units changing hands, Eppley Caribbean Property Fund dropped $4.05 to $40.45 after 520 shares crossed the exchange. Grace Kennedy gained 30 cents to close at $87.50 trading 27,043 stocks, Jamaica Broilers rose $1 to $29.50 with an exchange of 799,061 stock units, Jamaica Producers fell 60 cents to finish at $20.70 in the swapping of 88,069 shares. Jamaica Stock Exchange declined $1 to $17 after the trading of 100,679 stock units, JMMB Group lost 19 cents to close at $31.76 in switching ownership of 67,567 shares, Key Insurance rose 35 cents to $5.90 in exchanging 43,833 units. Margaritaville declined $2 to end at a 52 weeks’ low of $31 with a transfer of 1,000 units, Mayberry Investments gained 25 cents to close at $5.35 with 5,776 shares clearing the market, Mayberry Jamaican Equities rose 61 cents to $7.79 in exchanging 381 stock units. MPC Caribbean Clean Energy declined $1 to end at a 52 weeks’ low of $128 in switching ownership of 199 units, NCB Financial Group climbed $2.98 to $139.99 trading 19,240 stock units, Proven Investments shed 50 cents to close at $35 in the swapping of 42,727 shares. Sagicor Group climbed $2.30 to $50, trading 18,739 units, Scotia Group advanced $1.01 to $41.01 with the transfer of 13,932 stock units. Seprod gained $1 to settle at $74.50 trading 20,144 stocks, Supreme Ventures fell $1 to $15.10 with 135,475 units changing hands and Victoria Mutual Investments ended 30 cents lower at $5.30 with 266,003 shares crossing the market.
In the preference segment, Eppley 8.25% lost 15 cents to close at $6.10 with 3,039 stock units clearing the market and JMMB Group 7.25% rose 32 cents to end at a 52 weeks’ high of $2.46 in exchange of 100 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

T&TSE suffers minor slip on Tuesday

April 13, 2021 by

Market activity ended, with the market declining after investors traded 37 percent fewer shares on Tuesday than on Monday, resulting in more stocks falling than rising at the close of trading on the Trinidad and Tobago Stock Exchange.

Trinidad & Tobago Stock Exchange Head Quarters

Trading ended with 20 securities changing hands similar to Monday and ended with five stocks rising, seven declining and eight remaining unchanged.
The Composite Index slipped 1.84 to 1,341.91, the All T&T Index lost 0.84 points to close at 1,794.69 and the Cross-Listed Index dipped 0.39 points to 120.25.
At the close of the market, 236,729 shares traded, at $2,812,561 compared to 377,790 units at $3,630,602 on Monday.
An average of 11,836 units changed hands at $140,628 compared to 18,890 at $181,530 on Monday. An average of 11,842 units traded at $263,239 for the month to date versus 11,843 units at $286,157. The average trade for March was 12,610 units at $342,338.
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 dropped $1.60 to close at $24.40 trading 20,558 shares, Calypso Macro Investment Fund gained 5 cents in closing at $14.30, with 120 stocks clearing the market, Clico Investment rose 37 cents to close at $25.40 while exchanging 24,305 stock units, Endeavour Holdings fell $1.20 to close at 52 weeks’ low of $9.30 in trading 400 stocks. First Citizens Bank rose 49 cents to $46.99, with 1,613 units changing hands, FirstCaribbean International Bank settled at $6.90 in exchanging 2,250 stocks. Grace Kennedy fell 10 cents to $4.80 in exchanging 3,000 shares, Guardian Holdings ended at $26 after exchanging 16,725 shares, Guardian Media fell 24 cents to $3.01 trading 500 stocks. JMMB Group fell 2 cents to $1.82, with 61,383 stock units changing hands, L.J Williams B share declined 5 cents to $1.40 in switching ownership of 22,803 stocks. Massy Holdings closed at $64, with 1,000 shares crossing the exchange. National Enterprises ended at $3, in trading 18,000 stock units, NCB Financial Group traded 32,678 stocks at $8.22. Prestige Holdings ended at $7.50 while trading 700 units. Scotiabank ended at $54.70 after exchanging 2,124 shares, Trinidad & Tobago NGL slipped 20 cents to $14.60 trading 1,920 stock units, Unilever Caribbean stayed at $16.33 in an exchange of 23,576 units and West Indian Tobacco carved out a gain of 7 cents in closing at $32.99 with an exchange of 574 units.
In the preference segment, L.J Williams advanced 19 cents to close at $3.79 with an exchange of 2,500 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: , , , , , , , , , , , , , , , , , , , , , ,

Falling stocks day

April 12, 2021 by

Market activity recorded a big bounce on Monday, from Friday’s very low level of trading and ended with the volume of stocks traded surging 121 percent and the value up 436 percent over Friday’s tepid levels, with more stocks falling than rising, at the close of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index declined 1,972.70 points to 430,747.05, the Main Index shed 1,779.46 points to 392,649.46 and the JSE Financial Index slipped 0.32 points to 98.47.
Trading ended with 48 securities, down from 49 on Friday and closed with prices of 11 stocks rising, 23 declining and 14 remaining unchanged. The PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings averages 15.4.
The market closed with 20,114,270 shares trading for $48,738,713, up from 3,755,183 units at $22,081,750 on Friday. Wigton Windfarm dominated trading with 72.1 percent of total volume for 14.50 million shares followed by Sagicor Select Financial Fund with 8.6 percent for 1.72 million units and Salada Foods with 3.8 percent market share for 765,951 units.
Trading averaged 419,047 units at $1,015,390, compared to 76,636 shares at $450,648 on Friday. Month to date trading averaged 230,411 units at $987,324, in contrast to 191,717 units at $981,567 on Friday. Trading month to date compares to 354,304 units at $2,543,232.
Investor’s Choice bid-offer indicator reading has 10 stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments shed 50 cents to $86.50 with 8,094 shares changing hands, Berger Paints fell 88 cents to close at $12.31 in the swapping of 5 shares, Caribbean Cement gained 38 cents to end at $72 with a transfer of 9,741 stocks. Carreras lost 20 cents to finish at $8.80, with 188,295 units clearing the market, Eppley dropped $4.09 to end at $30 after exchanging 160 shares. First Rock Capital rose 54 cents to $16.55 with 1,002 stock units crossing the market, Grace Kennedy shed 70 cents to close at $87.20 in exchanging 25,206 stock units, Jamaica Broilers declined 50 cents to $28.50 with investors switching ownership of 44,922 units. Jamaica Stock Exchange dipped 49 cents to $18 trading 1,565 shares, Mayberry Jamaican Equities finished 62 cents lower at $7.18 after exchanging 9,100 units, MPC Caribbean Clean Energy fell $1 to a 52 weeks’ low of $129 after a transfer of two units, Palace Amusement climbed $16.01 to $814 with an exchange of 193 stocks. Proven Investments gained 50 cents to end at $35.50 with 4,266 shares clearing the market, Sagicor Group declined $2.30 to end at $47.70 in trading 24,000 stock units, Salada Foods fell 20 cents to $5 with 765,951 units changing hands. Scotia Group fell 70 cents to $40 in switching ownership of 48,277 shares, Supreme Ventures rose 60 cents to $16.10 in the swapping of 17,031 units and Wisynco Group lost 60 cents to close at $15 trading 102,762 stock units.
In the preference segment, JMMB Group 7.25% gained 14 cents to close at $1.59 after an exchange of 8,442 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Stocks recorded gains down under

April 12, 2021 by

Stocks mostly rose in market activity on Monday, with the market rising after investors traded 36.35 percent more shares than on Friday, but with a lower value at the close of trading on the Trinidad and Tobago Stock Exchange.
Overall, 20 securities traded compared to 17 on Friday, with the prices of six rising, three declining and 11 remaining unchanged. The Composite Index rose 5.92 points to 1,343.75, the All T&T Index gained 8.94 points to close at 1,795.53, and the Cross-Listed Index climbed 0.39 points to settle at 120.64.
At the close, 377,790 shares traded, for $3,630,602 compared to 277,070 units at $5,962,247 on Friday.
An average of 18,890 units traded for $181,530 compared to 16,298 at $350,720 on Friday. An average of 11,843 shares traded at $286,157 for the month to date versus 10,223 units at $310,209. The average trade for March amounted to 12,610 units at $342,338.
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, Agostini’s closed at $26 with 1,576 shares trading, Angostura Holdings closed at $15.42 in exchanging 1,500 stock units, Clico Investment Fund added 1 cent to close at $25.03, with the swapping of 60,610 units, Endeavour Holdings remained at $10.50 trading 5,600 shares. First Citizens Bank settled at $46.50, with 1,127 units changing hands, Grace Kennedy climbed 10 cents to $4.90 with an exchange of 38,037 stocks, Guardian Holdings dipped 1 cent to $26, trading 37,324 stocks, JMMB Group rose 1 cent to $1.84, with 141,000 units crossing the market. L.J Williams B share remained at $1.45 with the swapping of 1,000 stock units, Massy Holdings ended at $64 with an exchange of 1,656 shares, National Enterprises ended at $3 with an exchange of 42,834 shares. Flour Mills ended at $2.25, with 250 stock units crossing the market, One Caribbean Media slipped 1 cent to $4.89 switching 40,900 shares, Point Lisas closed at $3 after 249 shares crossed the exchange. Prestige Holdings ended at $7.50, after finishing trading of 120 shares, Republic Financial Holdings rose $2 to $134 in an exchange of 523 stock units, Scotiabank carved out a gain of 70 cents to close at $54.70 and finished with an exchange of 783 stocks. Trinidad & Tobago NGL rose 5 cents to $14.80, trading 1,078 stocks, Trinidad Cement remained at $3, with 1,313 stocks crossing the exchange and West Indian Tobacco shed 7 cents in ending at $32.92, trading 310 shares.

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

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