Trading on the Jamaica Stock Exchange Main market on Wednesday closed with, high volume but the value was low at 42 percent below the average level for January
At the close, the JSE All Jamaican Composite Index fell 624.98 points to close at 526,606.21, the JSE Market Index lost 565.71 points to 479,532.54 and the JSE Financial Index was unchanged at 130.62.
The market, closed with 44 securities changing hands in the Main and US dollar markets with the prices of 16 advancing, 19 declining and 9 trading firm. The market ended with 138 Student Living preference share closing at a 52 weeks’ low while Sagicor Select Financial Fund traded at an intraday low of 80 cents. The JSE Main Market activity ended with 42 securities accounting for 47,859,089 units valued at $86,800,194 in contrast to 27,628,819 units valued at $81,726,949 from 38 securities on Tuesday.
Wigton Windfarm dominated trading with 28.7 million shares for 60 percent of total volume. Sagicor Select Financial Fund with 13.3 million units for 28 percent of the day’s trade followed and Sagicor Select Manufacturing and Distribution with 2.7 million shares, for 6 percent of the market’s volume. QWI Investments with 1.6 million shares changing hands was the only other stock trading more than one million units.
The Market closed with an average of 1,139,502 units for $2,066,671 for each security traded, in contrast to 727,074 units valued at an average of $2,150,709 on Tuesday. The average volume and value for the month to date amount to 677,341 units valued at $2,646,233 for each security changing hands, compared to 615,914 units valued at $2,734,748 for each security traded. Trading in January resulted in an average of 626,134 units valued at $3,511,981 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows eleven stocks ending with bids higher than their last selling prices and four closing with lower offers. The PE ratio of the market ended at 19.1, while the Main Market ended at 18.3 times 2019 earnings.
In the Main Market, Barita Investments added $1.49 to end at $70 with 39,642 shares changing hands, Caribbean Cement closed 71 cents lower at $67.09, in swapping 9,907 units, Grace Kennedy gained $1.50 and rose to $68.50 in transferring 17,588 stock units. Jamaica Broilers ended at $34.40, with gains of 60 cents in exchanging 6,287 shares, Jamaica Producers lost 49 cents to settle at $24.01 trading 4,073 shares, JMMB Group closed $1.40 higher to $44.50, in swapping 81,036 units. Kingston Properties gained $1.13 to close at $6, with an exchange of 8,734 stock units, Kingston Wharves dropped $5 to settle at $55 after transferring 10,641 units. NCB Financial rose $2.99 to $185, with 44,515 crossing the exchange, PanJam Investment ended at $100, with gains of $1.50 after trading 1,480 units. Proven Investments climbed $2.60 to $48.60, with 8,092 shares changing hands, Pulse Investments slid $1.10 to settle at $8.90 while transferring 62,885 shares, Sagicor Group gained $1 and advanced to $70, trading 121,142 stock units. Sagicor Real Estate Fund closed 30 cents higher at $9, in transferring 18,931 units, Stanley Motta dipped 50 cents to $5, with 29,253 shares traded. Supreme Ventures ended at $22, after gaining 45 cents and exchanging 32,493 units and Sygnus Credit Investments lost 94 cents exchanging 44,599 units and ending the day’s trade at $23.22. 138 Student Living preference share, lost 50 cents to close at a 52 weeks’ low of $5 while trading just 236 units.
Trading in the US dollar market ended with 30,458 units for US$8,252. The market index declined 12.14 points to close at 216.79. Proven Investments lost 4 cents to close at 27 US cents trading 30,332 units and Sygnus Credit Investments gained 1.6 cents to end at 17 US cents, with an exchange of 126 units.
One year highs for 4 TTSE stocks – Wednesday
The Trinidad & Tobago Stock Exchange closed higher at the end of trading on Wednesday with the 17 securities changing hands up from 16 on Tuesday, with four securities closing at 52 weeks’ high and one at a 52 weeks’ low.
The market closed with a much higher volume and value than on Tuesday and ended with six gaining, two declining and the prices of nine remaining unchanged.
The T&T Composite Index rose 2.39 points to close at 1,511.23. The All T&T Index advanced by 4.76 points to 1,927.18, while the Cross Listed Index closed unchanged at 148.37.
Trading resulted in an exchange of 593,235 shares for $10,578,281, compared to 182,050 stock units atr $2,454,654 on Tuesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of four stocks higher than their last selling prices and one with a lower offer.
Gains| First Citizens Bank exchanged 10,014 shares and climbed $1.50 to settle at a 52 weeks’ high of $53, Guardian Holdings had 4,187 units crossing the exchange with a rise of 1 cent to close at a 52 weeks’ high of $22.01. Massy Holdings exchanged just 14 shares and rose 62 cents to close at a 52 weeks’ high of $62.62, Prestige Holdings rose 9 cents and settled at $8.99, with 50 units changing hands. Republic Financial gained 92 cents to close at a 52 weeks’ high of $143, after exchanging 6,140 shares and Scotiabank ended trading with 2,234 units, with a rise of 9 cents to close at $61.49.
Losses| Clico Investment lost 3 cents to close at $28.47, with 258,070 units crossing the exchange and JMMB Group lost one cent and ended at $2.70, with investors trading 34,477 stock units.
Firm Trades| Agostini’s traded 75 shares to close at $25.45, First Caribbean International Bank exchanged 165 units at $7.89, Grace Kennedy had 122 shares changing hands, to close at $3.95, National Enterprises closed trading with 100 shares at $5.50. National Enterprises swapped 100 units at $5.50, National Flour closed with 43,837 units crossing the exchange at $1.49, Point Lisas traded 194,174 shares to land at $3.75, Trinidad & Tobago NGL transferred 31,746 shares to close at $21. LJ Williams B share traded 6,144 units at $1.60 and Unilever Caribbean exchanged 1,686 shares and closed at $21.50 after hitting a 52 weeks intraday low of $21.10.
Prices of securities trading are those at which the last trade took place.
5 TTSE stocks rise 1 fall – Tuesday
The Trinidad & Tobago Stock Exchange closed down at the end of trading on Tuesday with the 16 securities changing hands up from 15 on Monday from lower volume and value.
Trading closed, with five gaining, one declining and the prices of nine remaining unchanged, but Unilever Caribbean continues to be under pressure, with stock on offer at $21 compared to the last traded price of $21.50 and the bid at $19 to buy just 100 shares.
The T&T Composite Index lost 2.05 points to close at 1,508.84. The All T&T Index dipped 5.35 points to 1,922.42, while the Cross Listed Index added 0.18 points to close at 148.37.
Trading resulted in an exchange of 182,050 stock units valued at $2,454,654 compared to 219,223 shares at $5,094,367 on Monday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than their last selling prices and three with lower offers.
Gains| Angostura Holdings traded just ten shares and gained 4 cents to end at a 52 weeks’ high of $16.34, Clico Investment rose 3 cents to close at $28.50, with 60,320 units crossing the exchange, JMMB Group added just one cent and ended at $2.71, with investors trading 73,610 stock units. Republic Financial, with the loss of 8 cents to close at 54 weeks’ high of $142.08, after exchanging 1,386 shares and Trinidad & Tobago NGL, traded 60,015 shares and added one cent to close at $21.
Losses| The only stock declining on Tuesday is West Indian Tobacco, with a fall of $1.40 after settling at $38.60, with 135 units changing hands.
Firm Trades| Agostini’s traded 379 shares to close at $25.45, First Citizens Bank settled at $51.50, as investors after exchanged 2,987 shares at a record high of $51.78, First Caribbean International Bank traded 10,480 units at $7.89, Guardian Holdings had 9,324 units crossing the exchange at $22. National Enterprises closed trading with 1,500 shares at $5.50. National Flour closed with 1,152 units changing hands at $1.49, NCB Financial exchanged 9,931 shares at $11.30, Point Lisas traded 547 shares to land at $3.75, Scotiabank ended trading with 351 units at $61.40 and Trinidad Cement traded 3,615 shares to close at $1.92.
Prices of securities trading are those at which the last trade took place.
TTSE closes higher on Monday
The Trinidad & Tobago Stock Exchange closed higher at the end of trading on Monday with the number of securities changing hands being similar to Friday, at 15.
Trading closed, with four gaining, one declining and the prices of ten remained unchanged, but Unilever Caribbean closed under pressure, the offer at $21 compared to the last traded price of $21.50 and the bid at $19 to buy just 100 shares.
The T&T Composite Index rose 5.64 points to close at 1,510.89. The All T&T Index climbed 8.77 points to 1,927.77, while the Cross Listed Index added 0.35 points to close at 148.19.
Trading resulted in an exchange of 219,223 valued $5,094,367 compared to 360,033 shares valued at $5,688,242 on Friday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than their last selling prices and two with lower offers.
Gains| Calypso Micro Index Fund gained 13 cents in trading 40 shares at 52 weeks’ high of $16, NCB Financial gained 5 cents and exchanged 1,000 shares at $11.30, Trinidad & Tobago NGL traded 33,634 shares and added 52 cents to close at $20.99 and Trinidad Cement traded 1,000 shares and rose 2 cents to close at $1.92.
Losses| The sole stock losing on Monday was Republic Financial with the loss of 1 cent to close at $142, after exchanging 7,985 shares.
Firm Trades| Clico Investment closed at $28.47, with 60,320 units crossing the exchange, First Citizens Bank settled at $51.50, as investors after exchanged 11,635 shares as high as $51.65, Guardian Holdings had just 85 units crossing the exchange at $22. JMMB Group ended at $2.70, with investors trading 89,049 stock units, Massy closed trading with 961 shares at $62. National Flour closed with 610 units changing hands at $1.49, Prestige Holdings had 3,037 shares changing ownership to land at $8.90, Scotiabank ended trading with 9,682 units at $61.40, LJ Williams B share ended at $1.60, as investors swapped a mere 50 shares and West Indian Tobacco settled at $40, with 135 units changing hands.
Prices of securities trading are those at which the last trade took place.
First Citizens hits record high
First Citizens Bank shot to an all-time high of $51.50 on the Trinidad & Tobago Stock Exchange on Friday and is now selling at a comfortable PE of 15.6 times 2020 earnings and heading to a target of 20.
First Citzens’ stock closed with the bid at $51.50 to buy 3,430 shares but ended trading with no offers on the board at the close.
Elsewhere, trading closed similar to Thursday, with 15 securities changing hands, with six gaining, two declining and the prices of seven remaining unchanged.
The T&T Composite Index rose 7.29 points to close at 1,505.21. The All T&T Index jumped just 16.48 points to 1,919.00, while the Cross Listed Index lost 0.28 points to close at 147.84.
Trading resulted in an exchange of 360,033 shares valued at $5,688,242 compared to 1,570,234 shares valued at $28,925,168 on Thursday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of seven stocks higher than their last selling prices and one with a lower offer.
Gains| First Citizens Bank jumped $2.50 and settled at a record high of $51.50, as investors continue to drive the stock higher after exchanging 3,310 shares, Republic Financial added just 1 cent and closed at a 52 weeks’ high of $142.01, after exchanging 6,246 shares. Trinidad & Tobago NGL traded 36,818 shares and gained 7 cents to close at $20.47, Trinidad Cement exchanged 3,227 shares and rose 5 cents to close at $1.90. LJ Williams B share rose 5 cents and ended at $1.60, with investors swapped just 83 shares and West Indian Tobacco rose $2 and settled at $40, with 3,461 units changing hands.
Losses| Clico Investment lost 1 cent to close at $28.47, with 13,482 units crossing the exchange and First Caribbean International Bank lost 5 cents in trading 3,240 shares to close at $7.85.
Firm Trades| Guardian Holdings had 65,692 units crossing the exchange to end at $22. JMMB Group ended at $2.70, with investors exchanging 82,832 stock units, Massy closed trading with 3,219 shares at $62. National Enterprises closed with 5,449 units changing hands at $5.50, National Flour traded 6,717 units changing hands at $1.49. NCB Financial exchanged 126,242 shares at $11.25 and Scotiabank ended trading with 15 units at $61.40.
Prices of securities trading are those at which the last trade took place.
More records for First Citizens
First Citizens Bank shot to an all-time high on the Trinidad & Tobago Stock Exchange on Thursday and is now selling at a comfortable PE of under 15 times 2020 earnings. The stock closed with the bid above the last selling price, with no offers on the board at the close.
Republic Holdings traded at $142 but closed with the bid at $145 and offered at $150 the PE ratio is just 12 based on 2020 forecasted earnings with 20 being the target. Both stocks appear to have low supply around current prices.
Elsewhere, trading closed with 15 securities changing hands, compared to 14 on Wednesday, with two gaining, five declining and the prices of eight remaining unchanged.
The T&T Composite Index fell 2.75 points to close at 1,497.92. The All T&T Index erased just 5.47 points to 1,902.52, while the Cross Listed Index remained unchanged at 148.12.
Trading resulted in an exchange of 1,570,234 shares valued at $28,925,168 compared to 886,493 shares, amounting to $11,155,264 on Wednesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of six stocks higher than their last selling prices and two with lower offers.
Gains| First Citizens Bank added 85 cents and settled at a record high of $49, as investors continue to drive this undervalued stock higher after exchanging 2,209 shares. At the close, traders had a bid to buy 985 shares at $50, while Point Lisas added 20 cents with 194,645 shares changing hands at $3.75.
Losses| JMMB Group shed 4 cents and ended at $2.70, with investors exchanging 365,844 stock units, One Caribbean Media fell 5 cents in transferring 612 shares at $7.95, Scotiabank ended trading with 10 units after slipping 9 cents to $61.40. Trinidad & Tobago NGL had 12,474 shares changing hands to close at a 52 weeks’ low of $20.40 after falling by 30 cents and West Indian Tobacco dropped $2 and settled at $38, with just 35 units changing hands.
Firm Trades| Agostini’s traded 1,000 shares at $25.45, Clico Investment closed at $28.48, with 886,735 units crossing the exchange, First Caribbean International Bank ended with 30,000 shares changings to close at $7.90, Guardian Holdings had 11,645 units crossing the market to end at $22. Massy closed trading with 15,010 shares at $62, National Enterprises closed with 15,073 units changing hands at $5.50, Republic Financial closed at $142, after exchanging just 25 shares and LJ Williams ended at $1.55, with investors swapped 34,917 shares.
Prices of securities trading are those at which the last trade took place.