Grace Kennedy and Guardian Holdings hit 52 weeks’ highs at the close of trading on Wednesday on the Trinidad and Tobago Stock Exchange. Grace hit TT$5 or JS$110 compared to $90 the stock currently trades at in Kingston, while Guardian traded at the highest level since September 2008, with both stocks helping to move the market higher at the close.
Grace Kennedy new headquarters in downtown Kingston
At the close, 348,381 shares traded, 26 percent more than Tuesday, valued at $14,533,449, which was 131 percent greater than the $6,293,688 that facilitated 275,487 units trading on Tuesday.
An average of 20,493 units traded at $854,909 up from 14,499 at $331,211 on Tuesday. Trading month to date averaged 13,826 units at $421,868 versus 13,289 units at $386,978 on Tuesday. The average trade for February amounted to 15,920 units for $307,754.
The Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s climbed 64 cents to $24.65 in trading 115 shares, Angostura Holdings rose 25 cents to $15.50 with just two units traded, Calypso Macro Investment Fund shed 15 cents in closing at $14.10 in an exchange of 2,000 shares and Clico Investment Fund fell 20 cents to $25.40 trading 6,154 units. First Citizens Bank settled at $47.50 in switching ownership of 2,278 stock units. Grace Kennedy gained 50 cents in ending at 52 weeks’ high of $5 while exchanging 2,191 shares,
Guardian Holdings climbed $1.95 to a 52 weeks’ high of $24.95 in an exchange of 53,924 stocks, JMMB Group declined 1 cent to $1.82 with 7,365 stock units clearing the market. Massy Holdings climbed $1.99 to $64.99, with 173,497 stock units changing hands, National Enterprises rose 12 cents to $3.12 in trading 214 stock units, NCB Financial Group remained at $8.50 with the swapping of 76,800 stocks. Prestige Holdings dropped 5 cents to $7.45 in an exchange of 49 stock units, Republic Financial Holdings fell 16 cents to $132.39 in trading 4,975 units, Scotiabank shed 1 cent to close at $55.49, with 6,095 units clearing the market. Trinidad & Tobago NGL rose 1 cent to $15.01 trading 5,359 stocks, Trinidad Cement lost 25 cents to close at $3 in trading 1,000 stock units and West Indian Tobacco declined 10 cents to $33 in exchanging 6,363 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading ended with 19 securities changing hands up from 18 on Monday, with prices of five rising, five declining and nine remaining unchanged. The Composite Index shed 4.96 points to settle at 1,335.26, the All T&T Index fell 9.86 points to settle at 1,771.21 and the Cross-Listed Index ended unchanged at 121.66 points.
First Citizens Bank slipped 50 cents to $47.50 trading 2,533 stocks, Grace Kennedy settled at $4.50 after an exchange of 900 stocks, Guardian Holdings shed 39 cents to $23 with 143,770 shares clearing the market. JMMB Group ended at $1.83 trading 4,000 stocks, Massy Holdings ended at $63 while exchanging 11,875 shares, National Enterprises ended at $3 after 8,000 stock units crossed the exchange, NCB Financial Group settled at $8.50 with 54,151 stock units clearing the market. One Caribbean Media settled at $4.50 in exchanging 3,000 stocks, Republic Financial Holdings increased 5 cents to $132.55 in trading 330 units, Scotiabank traded 563 stocks at $55.50. Trinidad & Tobago NGL exchanged 4,629 units at $15, Unilever Caribbean closed at $16.28, with 1,162 shares crossing the exchange and West Indian Tobacco gained 10 cents to close at $33.10 with an exchange of 4,496 units.
The All Jamaican Composite Index climbed 2,301.07 points to 436,584.19, the JSE Main Index advanced 2,049.07 points to end at 398,010.00 and the JSE Financial Index rose 0.72 points to 99.95.
Trading averaged 175,488 units at $1,731,775, down from 211,498 shares at $1,978,267 on Monday. Month to date trading averaged 265,470 units at $2,355,997, versus 273,584 units at $2,412,290 on Monday. February closed with an average of 419,015 units at $2,509,660. 
Sagicor Real Estate Fund fell 99 cents to $7.21, after clearing the market with 820 stocks, Salada Foods shed 80 cents to end at $41.70 with 23,847 stocks crossing the exchange, Scotia Group fell $1 to $43, transferring 293,556 shares. Seprod advanced $1.31 to $72.01 with investors switching ownership of 26,824 stock units and Supreme Ventures lost 41 cents to close at $15 after trading 127,248 stocks.
The All Jamaican Composite Index dropped 1,195.51 points to 434,283.12, the Main Index declined 1,077.34 points to 395,960.93 and the JSE Financial Index slipped 0.03 points to 99.23.
Investor’s Choice bid-offer indicator reading has eight stocks ending with bids higher than their last selling prices and three with lower offers.
Elsewhere, the 2021 TOP 15 listed Carreras that migrated from the 2021 ICTOP10 in February hit a new 52 weeks’ high during the week to sit at $10 for a rise of 45 percent for the year to date. The price could climb further, helped by improving profit and a high dividend yield. Future Energy Source (Fesco) hangs onto the Junior Market TOP10 list at the tenth position, with the prospectus still to be released to the public.
The Junior Market TOP10 contains companies that suffered a sharp reversal of revenues and profit in 2020, with recovery projected for them in 2021. Green shoots are showing for some, with sales picking up in recent quarters with improving bottom-line. Some of these companies may require another quarter or two of improving fortunes before there is meaningful buying into them. The Main Market has a number in the list that has put out record profits or shows strong earnings in 2021, with the stocks clearly undervalued. These include JMMB Group, Jamaica Broilers, Sygnus Credit Investments and Grace Kennedy that are currently in the TOP10 Main Market listing and Caribbean Cement that is just outside.
The top three stocks in the Junior Market with the potential to gain between 292 to 312 percent are Elite Diagnostic, followed by Caribbean Producers and Caribbean Cream. With expected gains of 190 to 441 percent, the top three Main Market stocks are Radio Jamaica, followed by VM Investments and PanJam Investment.
The Main Market TOP 10 stocks trade at a PE of 7.5 or 50 percent of that market’s PE.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and five with lower offers.
Sagicor Group rose 89 cents to $49.89 with the swapping of 267,625 shares, Salada Foods fell $1.75 to $42.75 after exchanging 459 stocks, Scotia Group shed 49 cents to close at $44 in switching ownership of 441,597 shares. Seprod declined $4.80 to end at $71 trading 32,504 units, Supreme Ventures gained 45 cents to end at $15.95 with 89,009 shares clearing the market and Victoria Mutual Investments shed 24 cents to close at $5.01 with 89,019 stocks crossing the market.
The All Jamaican Composite Index climbed 4,287.22 points to 436,237.85, the Main Index advanced by 3,845.10 points to 397,725.35 and the JSE Financial Index gained 0.85 points to close at 99.80.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and nine with lower offers.
Sagicor Group fell 99 cents to $49, with 2,825 shares crossing the market, Salada Foods climbed $3.50 to $44.50 with the swapping of 2,533 stock units, Scotia Group advanced $1.49 to $44.49, with 60,614 shares clearing the market. Seprod climbed $4.80 to close at $75.80 trading 20,614 stocks, Sterling Investments lost 32 cents in settle at $2.65 in switching ownership of 13,369 units, Supreme Ventures shed 45 cents to end at $15.50 trading 16,743 stock units and Sygnus Credit Investments advanced 54 cents to $14.99, with 33,181 shares crossing the market.
Trading accounted for 20 active securities compared to 21 on Wednesday, with prices of nine rising, three declining and eight remaining unchanged. The Composite Index advanced 5.56 points to 1,337.63, the All T&T Index climbed 14.96 points to 1,780.29, and the Cross Listed Index rose 0.54 points to end at 121.05.
Massy Holdings climbed $1 to $63 after 2,701 shares crossed the market, National Enterprises closed at $3.10, with 30 shares clearing the market, National Flour Mills ended at $2.20 in exchanging 30,934 shares. NCB Financial Group rose 20 cents to $8.40 with an exchange of 500 stock units, Republic Financial Holdings shed 44 cents to $134.56, with 2,786 stocks crossing the exchange, Scotiabank increased 31 cents to $55.80 after trading 1,510 stock units. Trinidad & Tobago NGL closed at $15 with 1,894 shares clearing the market, Trinidad Cement carved out a gain of 26 cents to $3.25 with an exchange of 615 units and West Indian Tobacco rose 24 cents to $33.24, with 1,533 units changing hands.
The All Jamaican Composite Index fell 655.57 points to 431,950.63, the Main Index shed 575.90 points to 393,880.25, while the JSE Financial Index slipped 0.19 points to settle at 98.95.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and five with lower offers.
Sagicor Group shed 61 cents in ending at $49.99 in switching ownership of 9,258 stocks, Sagicor Real Estate Fund gained 30 cents to $8.30 in a transfer of 2,466 shares, Salada Foods declined $2.90 to $41 trading 13,524 units. Scotia Group climbed $3 to $43 with 48,977 stock units crossing the market, Seprod rose $1 to $71, with 4,972 stocks changing hands, Supreme Ventures gained 30 cents in ending at $15.95 with 805,261 units crossing the exchange. Sygnus Credit Investments fell 26 cents to $14.45, trading 15,239 stocks and Wisynco Group shed 24 cents to close at $15.95 with the swapping of 36,249 stock units.
Under the acquisition agreement,