Grace Kennedy — Page 119

TTSE loses altitude

October 14, 2020 by IC Insider.com

Trading on the Trinidad and Tobago Stock Exchange ended on Wednesday, with the major indices falling after an exchange of 24 percent fewer shares than on Tuesday and 12 percent less value.
The market closed with 12 securities trading, up from ten on Tuesday, and closed with two stocks advancing, four declining and six remaining unchanged. Trading resulted in 50,648 shares for $1,054,449 compared to 67,001 shares valued $1,193,207 on Tuesday.
The average trade for the day amounted to 4,220 units at $87,871 versus an average of 6,700 units at $119,321 for each security on Tuesday. For the month to date, the average trade amounts to 17,531 shares at $312,541 compared to 18,896 units at $335,584 on Tuesday. In contrast, September closed with an average of 12,021 shares for $174,137.
The T&T Composite Index fell by 1.46 points to 1,310.10. The All T&T Index dropped 3.29 points to end at 1,765.77, while the Cross Listed Index gained 0.06 points to close at 115.46.
The Investor’s Choice bid-offer indicator ended with the bids of two stocks higher than their last selling price and seven with lower offers.
Stocks rising│ Clico Investments gained 5 cents to finish at $25.26, in trading 33,100 shares and Grace Kennedy picked up 2 cents with a transfer of 1,830 stock units to close at $3.58.
Stocks declining│ First Citizens Bank ended 50 cents lower at $45, exchanging 890 shares, Massy Holdings shed 50 cents, in settling at $58.50 with a transfer of 85 units, National Flour lost 1 cent trading 8,333 stock units to close at $1.90 and West Indian Tobacco finished at $33.50, after losing 27 cents in transferring 644 units.
Stocks trading firm│ Guardian Holdings was unchanged at $19, in trading 116 units, JMMB Group exchanged 2,864 stock units at $1.80, Prestige Holdings held firm at $7.50, in exchanging 1,207 units. Republic Financial Holdings traded 625 units at $142, Scotiabank exchanged 254 units at $55 and Trinidad and Tobago NGL closed at $14.95, with 700 units changing hands.

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

Rising JSE Main Market

October 13, 2020 by IC Insider.com

The Jamaica Stock Exchange Main Market ended trading on Tuesday with the market rising marginally after an exchange of 19 percent fewer shares, costing 57 percent less than on Monday.
At the close, the All Jamaican Composite Index rose 389.54 points to 405,818.23, the Main Index gained 542.73 points to 370,220.61 and the JSE Financial Index added 0.73 points to settle at 97.70.
Trading ended with 45 securities changing hands compared to 43 on Monday and closed with the prices of 19 stocks rising, 16 declining and 10 remaining unchanged. The average PE Ratio of the market ended at 15.3 based on the IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 14,290,519 shares for $77,620,091 compared to 17,736,805 units at $180,133,973 on Monday. Carreras led trading with 34 percent of total volume trading 4.86 million shares, followed by Transjamaican Highway with 22.7 percent for 3.24 million units, QWI Investments with 15 percent or 2.14 million units and Wigton Windfarm, with 10.8 percent for 1.54 million shares.
Trading ended with an average of 317,567 units changing hands at $1,724,891 for each security, in comparison to an average of 412,484 shares at $4,189,162 on Monday. The average trade for the month to date ended at 268,164 units at $1,925,358 for each security, in contrast to 261,644 units at $1,951,813. Trading month to date compares well to September’s average of 265,170 units at $3,271,625.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows eight stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Berger Paints fell by $1.38 to end at $11.11, with investors switching ownership of 552 shares, Caribbean Cement rose $1 to $45, with 1,708 units crossing the exchange, Eppley climbed $3.25 to $21.50, with investors swapping 3,785 shares. Eppley Caribbean Property Fund advanced by $6 to $48, clearing the market with 31 stock units, First Rock Capital gained 30 cents to end at $12.45, trading 1,744 units. Jamaica Producers lost 30 cents to settle at $19.20 trading 34,916 shares, Kingston Wharves declined $5.98 in closing at $40.02, in an exchange of 20,483 stock units, Mayberry Jamaican Equities lost 45 cents to settle at $7.70, with a transfer of 2,000 units. NCB Financial advanced by $4.50 to $135 after 35,370 shares crossed the market, PanJam Investment rose $1.99 in exchanging 105 units at $70. Proven Investments closed at $40.20, after rising $2.19 with a transfer of 1,038 stock units, Salada Foods ended at $25.10, after losing $2.89 trading a mere 6 shares and Scotia Group fell $2.06 to settle at $46.74, in exchanging 9,318 stock units.
In the preference segment, Eppley 8.75% preference share advanced $1 to $7.70, with investors switching ownership of 3,173 stock units and Productive Business Solutions 9.75% preference shares dropped $4 to end at $102 after exchanging 3 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: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE Main market pulls back

October 12, 2020 by IC Insider.com

Investors pumped in 239 percent more money into the Jamaica Stock Exchange Main Market on Monday, resulting in an exchange of 85 percent more shares crossing the exchange Friday and the market ended down after more stocks fell than gained.
At the close, the All Jamaican Composite Index declined 1,413.26 points to end at 405,428.69, the Main Index dropped 1,717.05 points to 369,677.88 and the JSE Financial Index shed 0.40 points to settle at 96.97.
Trading ended with 43 securities changing hands compared to 41 on Friday and closed with the prices of 16 stocks rising, 21 declining and six remaining unchanged. The average PE Ratio of the market ended at 15.3 based on the IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 17,736,805 shares for $180,133,973 compared to 9,609,776 units at $53,167,158 on Friday. Transjamaican Highway led trading with 32.2 percent of total volume after trading 5.7 million shares, followed by Wigton Windfarm with 20.8 percent and 3.69 million units, Carreras closed with 12.5 percent market share for 2.22 million units. Sagicor Select Financial Fund pulled 8 percent of shares traded for 1.43 million shares and Pulse Investments closed with 7.2 percent after accounting for 1.29 million units.
Trading ended with an average of 412,484 units changing hands at $4,189,162 for each security, versus an average of 234,385 shares at $1,296,760 on Friday. The average trade for the month to date ended at 261,644 units at $1,951,813 for each security, in contrast to 239,879 units at $1,628,974. September ended with an average of 265,170 units at $3,271,625.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows 11 stocks ending with bids higher than their last selling prices and six with lower offers.
At the close of the market, Barita Investments climbed $4.50 to $84, after clearing the market with 426,207 shares, Berger Paints gained 49 cents to close at $12.49, in exchanging 1,810 units. Caribbean Cement declined by $4.50 to $44, with investors switching ownership of 701,044 shares, Eppley shed 75 cents to end at $18.25, in an exchange of 3,330 stock units, Eppley Caribbean Property Fund fell $7.70 to $42, after trading 530 units. Jamaica Broilers climbed $1.69 to $27.69, in an exchange of 69,276 shares, Jamaica Producers lost 40 cents after ending at $19.50 and trading 2,296 units, Jamaica Stock Exchange slipped 35 cents to close at $17.95, with investors swapping 83,936 shares. JMMB Group shed $1 to end at $29, with 157,471 shares crossing the market, Key Insurance rose $1.30 to $10.80, with 194,661 shares passing through the market, Kingston Wharves dropped $1 to $46, as investors swapped 3,334 units. Mayberry Investments lost 55 cents to end at $5.40, with 500 units changing hands, Mayberry Jamaican Equities ended at $8.15, after gaining 40 cents with investors switching ownership of 223 stocks, MPC Caribbean Clean Energy dropped $34 to end at $135 trading 50 units. Palace Amusement dipped $175 to $1,200 in clearing the market with 13 units, PanJam Investment closed $2.49 lower at $68.01, in trading 264,228 shares, Proven Investments fell $1.78 to settle at $38.01, with 12,833 stock units passing through the market. Pulse Investments gained 41 cents in closing at $4.61 trading 1,285,098 shares, Sagicor Group lost 30 cents to end at $44.20, with investors swapping 8,665 stock units, Scotia Group gained 30 cents to close at $48.80, in exchanging 3,500 units. Seprod declined $1.50 to end at $54, trading 5,310 stock units and Sygnus Credit Investments gained 31 cents to settle at $19.21 in an exchange of 6,011 stock units.
In the preference segment, 138 Student Living Preference shares climbed $1.03 to $7.91, with 72 units changing hands.

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: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Slippage in T&T stock market

October 12, 2020 by IC Insider.com

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Trading on the Trinidad and Tobago Stock Exchange ended on Monday with 87 percent fewer shares changing hands than on Friday and leading to declines in the major indices for a third consecutive day.
The market closed with 9 securities trading, up from fifteen on Friday, and closed with one stock advancing, three declining and five remaining unchanged. Trading resulted in 34,472 shares for $654,873 compared to 260,964 shares valued $2,759,391 on Friday.
The average trade for the day amounted to 3,830 units at $72,764 versus an average of 17,398 units at $183,959 for each security on Friday. For the month to date, the average trade amounts to 20,036 shares at $355,796 compared to 21,524 units at $381,789 on Friday. In contrast, September closed with an average of 12,021 shares for $174,137.
The T&T Composite Index fell 3.51 points to 1,312.54. The All T&T Index declined by 6.86 points to end at 1,768.51, while the Cross Listed Index lost 0.02 points to close at 115.75.
The Investor’s Choice bid-offer indicator ended with bids of four stocks closing higher than their last selling prices and six with lower offers.
Stocks rising│ Grace Kennedy was the sole stock to advance, with a rise of 1 cent to close at $3.56, exchanging 9,266 stock units.
Stocks declining|Clico Investments closed at $25.21, with a loss of 13 cents after trading 12,088 shares, First Citizens Bank slid 71 cents to $45, in transferring 323 units and West Indian Tobacco finished at $33.77, after losing 73 cents and exchanging 265 units.
Stocks trading firm│ First Caribbean International Bank closed at $7.05, with trades of 1,118 units, Guardian Holdings exchanged 7,212 stock units at $19, Massy Holdings was unchanged at $59 after the transferring of 2,000 units. National Flour ended at $1.91, in trading 200 units and Trinidad and Tobago NGL closed at $14.81, with 2,000 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: Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, National Flour, NCB Financial Group, Trading Activity, Trinidad & Tobago NGL, TTSE, West Indian Tobacco

Caribbean Flavours highlight of IC TOP 10

October 12, 2020 by IC Insider.com

For the past week, activity in the Jamaican stock market was mostly stable following the Barita Investments and Tropical Battery successful public offers. Buying interest increased for Caribbean Flavours and Jamaican Teas stocks, both with pending stock splits.

Caribbean Flavours a Derrimon’s subsidiary

This week’s focus: Caribbean Flavours (CFF), a former IC TOP 10 listed stock, ten for one stock split becomes effective Tuesday. This stock is worth watching this week. After the split, the company will have just under one billion shares issued. Many investors foolishly position themselves to buy stocks after the split at a higher value than before. It is almost a certainty that the price of CFF will move higher after Tuesday’s split. The company reported a 42 percent rise in second-quarter revenues and an increased profit of 25 percent, with profit for the half-year up by 23 percent. The forecast for earnings per share is $1.15 for 2020 and $1.75 in 2021. The PE ratio at the current price of $19.65 the stock traded at on the Junior Market on Friday is 17 times the 2020 earnings and 11 times 2021 earnings.
For a fifth consecutive week, there were no changes in the companies on the IC TOP 10 listings, but that could change with some results set for release during the week. The markets moved moderately higher to close at their highest levels since mid-August for the. The Main Market closed the past week higher than the previous one, but the Junior Market closed the week lower than the prior one.
The top three stocks in each market saw no change in ranking, leaving the top three Junior Market stocks, with the potential to gain between 281 to 726 percent by March 2021. Caribbean Producers heads the list, followed by Lasco Financial and Elite Diagnostic. The focus on all three is on the 2021 fiscal year profit, projected to recover from reduced profit for the 2020 financial year. With expected gains of 152 to 240 percent, the top three Main Market stocks are Berger Paints, followed by JMMB Group and Carreras. Radio Jamaica is now down to the fifth spot with slightly lower earnings per share of 15 cents from 20 cents previously.
The local stock market’s targeted average PE ratio is 20 based on companies’ profits reporting full year’s results, from now to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level, indicating the potential gains. The JSE Main Market ended the week, with an overall PE of 15.4 and the Junior Market 11.3, based on IC Insider.com’s projected 2020-21 earnings. The average PE ratio of the Junior Market has been slowly rising, with better profit opportunities than the Main Market and narrowing the gap. The PE ratio for the Junior Market Top 10 stocks average a mere 6.1 at just 54 percent to the overall Junior Market average. The Main Market TOP 10 stocks trade at a PE of 8.4 or 55 percent of the PE of the overall market.
The average projected gain for the Junior Market IC TOP 10 stocks is 279 percent and 145 percent for the JSE Main Market, based on 2020-21 earnings, an indication of potentially greater gains in the Junior Market than in the Main Market.
IC TOP 10 stocks are likely to deliver the best returns up to March 2021 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 the selection process in and out of the lists for most weeks. 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: Access Financial, Berger Paints, Caribbean Assurance Brokers, Caribbean Flavours, Caribbean Producers, Carreras, Daily Trading, Emerging markets, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Laco Distributors, Lasco Financial, Lumber Depot, Medical Disposables, Radio Jamaica, Scotia Group, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

Main Market falters on Friday

October 9, 2020 by IC Insider.com

After rising for two consecutive days, the Jamaica Stock Exchange Main Market ended down on Friday after more stocks fell than rose, with an exchange of 126 percent more shares, with 16 percent less value than on Thursday.
At the close, the All Jamaican Composite Index lost 739.29 points to settle at 406,841.95, the Main Index lost 674.19 points to finish 371,394.93, the JSE Financial Index shed 0.06 points to end at 97.37.
Trading ended with 41 securities changing hands compared to 42 on Thursday and ended with the prices of 11 stocks rising, the prices of 18 declining and 12 with prices remaining unchanged. The average PE Ratio of the market ended at 15.6 based on the IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 9,609,776 shares for $53,167,158 compared to 4,243,411 units at $63,166,132 on Thursday.
Wigton Windfarm led trading with 26.2 percent of total volume with an exchange of 2.52 million shares, followed by Pulse Investments with 24.8 percent for 2.38 million units, Sagicor Select Financial Fund with 15.9 percent after 1.53 million units changed hands and Transjamaican Highway with 11.8 percent in exchanging 1.13 million shares.
Trading concluded with an average of 234,385 units changing hands at $1,296,760 for each security, compared to an average of 101,034 shares at $1,503,956 on Thursday. The average trade for the month to date ended at 239,879 units at $1,628,974 for each security, in contrast to 240,756 units at $1,681,973 on Thursday. Trading for the month to date compares adversely to September’s average of 265,170 at $3,271,625.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments lost 50 cents to finish at $79.50 after exchanging 24,695 shares, Berger Paints dropped 50 cents to settle at $12 with 500 stock units changing hands, Caribbean Cement gained 38 cents to end at $48.50 with 1,736 stock units passing through the market. Eppley shed $1.75 to close at $19 with 1,435 units trading, First Rock Capital fell 50 cents to finish at $12.40 with investors transferring 29,575 stocks, Key Insurance rose 57 cents to settle at $9.50 with an exchange of 38,491 stocks. Kingston Wharves dropped $1.90 to end at $47 with 13,114 stock units changing hands, Mayberry Investments gained 58 cents to close at $5.95 trading 11,797 shares, MPC Caribbean Clean Energy declined $1 to finish at $169 with investors transferring 59 stock units. PanJam Investment climbed 50 cents to settle at $70.50 with 1,000 units passing through the market, Pulse Investments fell 38 cents to end at $4.20 with an exchange of 2,378,564 stock units, Scotia Group lost $1.47 to close at $48.50 with 13,037 stocks changing hands. Seprod dropped 49 cents to settle at $55.50 after trading 14,388 stock units and Wisynco Group climbed 84 cents to finish at $16.19 with 10,818 units crossing the exchange.

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

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Scotia Group, Seprod, Stanley Motta, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

More gains for JSE main Market

October 8, 2020 by IC Insider.com

The Jamaica Stock Exchange Main Market ended trading on Thursday with the market rising after investors exchanged 71 percent fewer shares as investors expended 44 percent less money in trading than on Wednesday, leading the market to close with more stocks advancing than declining.
At the close, the All Jamaican Composite Index climbed 2,751.31 points to 407,581.24, the Main Index rose 2,789.03 points to 372,069.12 and the JSE Financial Index added 0.62 points to settle at 97.43.
Trading ended with 42 securities changing hands compared to 44 on Wednesday and closed with the prices of 19 stocks rising, 17 falling and six remaining unchanged. The average PE Ratio of the market ended at 15.7 based on the IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 4,243,411 shares for $63,166,132 compared to 14,824,256 units at $112,540,610 on Wednesday. Sagicor Select Financial Fund led trading with 35.4 percent of total volume after exchanging 1.5 million shares, followed by Wigton Windfarm with 13.3 percent for 565,696 units and Transjamaican Highway with 528,293 units for 12.4 percent market share.
Trading ended with an average of 101,034 units changing hands at $1,503,956 for each security, compared to an average of 336,915 shares at $2,557,741 on Wednesday. The average trade for the month to date ended at 240,756 units for $1,681,973 for each security, in contrast to 268,050 units at $1,716,749. Trading for the month to date compares to September’s average of 265,170 units at $3,271,625.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows six stocks ending with bids higher than their last selling prices and six with lower offers.
Barita Investments advanced $2.10 to $80 at the close of the market after trading 292,728 shares. Berger Paints rose 50 cents in closing at $12.50, with investors swapping 398 units, Caribbean Cement shed 88 cents to end at $48.12, in exchanging 8,483 stock units, Eppley climbed $2.75 to $20.75, with 1,000 units crossing the market. Eppley Caribbean Property Fund advanced $5.75 to close at $49.70, with 295 units trading, Jamaica Stock Exchange lost 75 cents to finish at $18.35, in trading 24,525 shares, JMMB Group gained 70 cents to settle at $30, with 14,986 stock units changing hands. Mayberry Investments shed 62 cents to end at $5.37, with investors switching ownership of 3,540 units, Mayberry Jamaican Equities lost 36 cents after ending at $7.65 with an exchange of 12,210 stock units, NCB Financial gained 50 cents to close at $130.50, after crossing the exchange with 26,856 shares. 138 Student Living rose 35 cents to close at $4.85 while exchanging 1,330 units, Palace Amusement jumped $74.93 in closing at $1,375, after transferring a mere 4 units, Sagicor Group fell 50 cents to $44.50, with 16,230 stock units changing hands, Salada Foods rose 71 cents to $27.99 trading 233 units. Scotia Group climbed $3.59 to settle at $49.97, with 525,487 shares passing through the market, Seprod closed at $55.99, after rising $2.89 after 6,843 units crossed the market, Sygnus Credit Investments gained $1.05 to settle at $18.90, in exchanging 11,324 stock units and Wisynco Group slipped 55 cents to $15.35, after crossing the exchange with 64,560 shares. In the preference segment of the Main Market, 138 Student Living Preference shares gained 90 cents to close at $6.88, after exchanging 72 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: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Fall for T&T stock market

October 8, 2020 by IC Insider.com

Trading on the Trinidad and Tobago Stock Exchange ended on Thursday with an exchange of 79 percent fewer shares than on Wednesday with values falling by 94 percent and the market indices slipping.
The market closed with 12 securities trading, up from fifteen on Wednesday, and closed with three stocks advancing, five declining and four remaining unchanged. Trading resulted in 158,453 shares for $1,258,794 compared to 743,173 shares valued $20,806,698 on Wednesday.
The average trade for the day amounted to 13,204 shares at $104,899 versus an average of 49,545 units at $1,387,113 for each security on Wednesday. For the month to date, the average trade ends at 22,270 shares at $402,375 compared to 23,802 units at $470,382 on Wednesday. In contrast, September closed with an average of 12,021 shares for $174,137.
The T&T Composite Index declined by 3.02 points to 1,318.75, the All T&T Index dropped 4.47 points to end at 1,786.14, while the Cross Listed Index shed 0.21 points to close at 115.02.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than their last selling price and seven with lower offers.
Stocks rising│Clico Investments gained 14 cents and closed at $25.34, with the trading of 1,923 stock units, JMMB Group finished 6 cents higher at $1.80, after 68,188 shares crossed the market and National Flour rose 5 cents to $1.90, with an exchange of 21,690 shares.
Stocks declining│Angostura Holdings lost 9 cents to settle at $16.90, with 15 units changing hands, First Citizens Bank fell 10 cents to close at $45.71, after trading 252 units, Guardian Holdings shed 80 cents, with 1,450 stock units crossing the exchange to close at $19.20. NCB Financial Group ended at $7.90, with a loss of 10 cents trading 3,500 stock units and Trinidad and Tobago NGL lost one cent, exchanging 26,931 shares, in ending at $15.
Stocks trading firm│ Grace Kennedy remained at $3.55 trading 24,815 shares, Massy Holdings exchanged 3,366 stock units at $59, Scotiabank closed at $55.50, with 4,743 stock units crossing the market and Unilever Caribbean ended the day at $16.97, after a transfer of 1,580 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: Angostura Holdings, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, National Flour, NCB Financial Group, One Caribbean Media, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean

Increased TTSE trading

October 7, 2020 by IC Insider.com

Trading on the Trinidad and Tobago Stock Exchange ended on Wednesday with an exchange of 160 percent more shares than on Tuesday with values more than doubling after Republic Financial Holdings contributed the most in monetary terms in trading $12,605,908.
The market closed with 15 securities trading, up from 14 on Tuesday, and closed with four stocks advancing, six declining and five remaining unchanged. Trading resulted in 743,172 shares accounting for $20,806,698 compared to 197,371 shares valued $1,639,274 on Tuesday.
The average trade for the day amounted to 49,545 units at $1,689,966 versus an average of 14,098 units at $117,087 for each security on Tuesday. For the month to date, the average trade amounts to 23,802 shares at $470,382 compared to 16,907 units at $224,828 on Monday. In contrast, September closed with an average of 12,021 shares for $174,137.
The T&T Composite Index advanced by 2.53 points to 1,321.77, the All T&T Index rose 1.43 points to end at 1,790.61, while the Cross Listed Index gained 0.50 points to close at 115.23.
The Investor’s Choice bid-offer indicator ended with the bids of two stocks closing higher than their last selling prices and eight with lower offers.
Stocks rising| Guardian Holdings ended 80 cents higher at $20, with 11,870 stock units changing hands, NCB Financial Group rose 15 cents to $8, in transferring 2,000 units, Scotiabank closed at $55.50 after rising $1 in trading 6,750 units and Trinidad and Tobago NGL picked up 1 cent in exchanging 44,367 shares at $15.01.
Stocks declining|Agostini’s lost 5 cents to end at $23.50, with a transfer of 30 units, Clico Investments shed 29 cents trading 127,805 shares to settle at $25.20, First Caribbean International finished at $7.05, with a loss of 3 cents in exchanging 5,768 units. First Citizens Bank slipped 19 cents to $45.81, in a transfer of 1,190 units, JMMB Group lost 5 cents trading to $1.74, with 500 units crossing the market and Massy Holdings ended at $59, after losing 5 cents exchanging 22,512 shares.
Stocks trading firm│ Grace Kennedy transferred 200,000 shares at $3.55, MPC Caribbean Clean Energy traded 230,207 shares at US$1, One Caribbean Media was unchanged at $5, exchanging 400 units. Prestige Holdings traded 1,000 units at $7.50 and Republic Financial Holdings closed at $142, with a transfer of 88,774 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: Agostini's, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, NCB Financial Group, One Caribbean Media, Prestige Holdings, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE

JSE majors move higher

October 7, 2020 by IC Insider.com

The Jamaica Stock Exchange Main Market ended trading on Wednesday, with the market rising moderately after investors exchanged 41 percent more shares than on Tuesday.
At the close, the All Jamaican Composite Index gained 582.72 points to 404,829.93, the Main Index advanced 480.87 points to 369,280.09, while the JSE Financial Index advanced 0.25 points to settle at 96.81.
Trading ended with 44 securities changing hands compared to 45 on Tuesday and closed with the prices of 19 stocks rising, 17 stocks declining and eight remaining unchanged. The average PE Ratio ended at 15.4 based on the IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 14,824,256 shares for $112,540,610 versus 10,527,397 units at $50,333,563 on Tuesday. Wigton Windfarm led trading, with 56.1 percent of total volume, accounting for 8.32 million shares, followed by Transjamaican Highway with 16.5 percent or 2.44 million stock units and JMMB Group, with 9.9 percent market share for 1.47 million units.
Trading ended with an average of 336,915 units changing hands at $2,557,741 for each security compared to an average of 233,939 shares at $1,118,524 on Tuesday. The average trade for the month to date ended at 268,050 units at $1,716,749 for each security, in contrast to 250,330 units at $1,500,353. Trading, month to date, compares well to September’s average of 265,170 units at $3,271,625.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows 10 stocks ending with bids higher than their last selling prices and five with lower offers.
At the close of the market, Berger Paints slipped $1 to $12, in trading 3,804 shares, Caribbean Cement ended at $49, after gaining $1 with investors switching ownership of 3,416 stock units, Eppley declined $3.75 to close at $18, in exchanging 133,002 units, Eppley Caribbean Property Fund advanced by $1.80 to $43.95, with a transfer of 50 shares. First Rock Capital rose 78 cents to close at $12.90, in exchanging 14,570 stock units, Jamaica Broilers climbed $1 in closing at $26, with 1,419 units crossing the market, Kingston advanced by $3 to $49, with investors swapping 47 units. 138 Student Living lost 39 cents to close at $4.50, in exchange of 408 units, PanJam Investment settled at $70, with gains of $1 after trading 2,655 units, Proven Investments lost 51 cents to end at $39.99, in clearing the market with 3,991 units, Sagicor Group rose 89 cents to end at $45, after an exchange of 1,008 units. Salada Foods shed 71 cents to finish at $27.28, in trading 42 units, Scotia Group declined $3.40 to end at $46.38, with 53 929 shares trading, Seprod finished at $53.10, after losing $2.90 and exchanging 34,828 shares and Sygnus Credit Investments declined by $1.15 to end at $17.85 trading 38,411 shares.
In the preference segment of the market, Community & Workers of Jamaica Credit Union rose 34 cents to end at $1.99, trading 5,148 shares.