TTSE trading jumps

May 27, 2020 by

Trading on the Trinidad and Tobago Stock Exchange resulted in a surge in market activity with the US dollar segment coming to life with nearly a million units changing hands.
The market closed with seventeen securities trading with two rising, five declining and eleven holding firm. The volume of stocks passing through the market amounted to 1,221,907 shares valued at $1, $7,269,983 compared to 188,658 shares for $1,302,922 on Tuesday.
The T&T Composite Index declined by 1.45 points to 1,281.86. The All T&T Index shed 1.30 points to 1,724.58, while the Cross Listed Index lost 0.22 points to close at 113.43.
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 three with lower offers.
Gainers│ Angostura Holdings traded 1,170 units and rose 40 cents to end at $14.40 and Republic Financial Holdings picked up 1 cent to close at $132.73 in transferring 100 stock units.
Losers│ First Citizens Bank fell by 50 cents to $$44.50, with an exchange of 1,000 shares, Guardian Holdings shed 14 cents to settle at $18.25, in trading 550 units. JMMB Group dipped 4 cents to $1.95 after swapping 177,332 shares, MPC Caribbean Clean Energy closed 10 cents lower at $1, with 930,714 shares crossing the market and Trinidad Cement lost 5 cents to finish at $1.90 in transferring 28,596 stock units.
Firm Traders│Clico Investments closed at $25.30 exchanging 200 units, First Caribbean International Bank remained at $7.50, with a transfer of 166 stock units. Grace Kennedy swapped 56,055 shares at $3, National Enterprises ended at $4.25 trading 1,150 units, National Flour transferred 7,000 stock units and closed at $1.95. One Caribbean Media exchanged 700 shares at $5.50, Prestige Holdings remained at $8.20, with 3,334 stock units changing hands, Scotiabank was unchanged at $54.99 in swapping 100 shares. Unilever Caribbean remained at $16.99 trading 7,238 stock units and West Indian Tobacco held firm at $31.20 with 6,198 units crossing the market.

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

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

JSE Main Market surges to monthly high

May 26, 2020 by

After closing on Monday for the Labour day holiday, the Main Market of the Jamaica Stock Exchange roar back to life after falling on Friday, with the market indices jumping more than 6,000 points and wiping out Friday’s losses to close at the highest level since the April 22.
At the close, the JSE All Jamaican Composite Index advanced by 6,794.20 points to 420,824.34, the JSE Market Index climbed 6,322.58 points to 383,687.12 and the JSE Financial Index gained 1.80 points to 100.87.
The market closed with 48 securities changing hands in the Main and US dollar markets with prices of 15 stocks advancing, 13 declining and 20 securities trading firm. The JSE Main Market activity ended with 45 securities accounting for 17,326,841 units valued at $105,645,502, in contrast to 19,035,180 units valued at $127,444,585 from 40 securities on Friday.
Wigton Windfarm led trading with 9.55 million shares for 55 percent of total volume followed by Trans Jamaican Highway with 2.9 million units for 17 percent of the day’s trade and Sagicor Select Financial Fund with 1.1 million units for 6.3 percent market share.
The Market closed with an average of 385,041 units at $2,347,678 for each security trading, in contrast to 475,880 units valued at an average of $3,186,115 on Friday. The average volume and value for the month to date amount to 357,768 units valued $2,888,684 for each security changing hands, compared to 356,019 units with an average of $2,925,515. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 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 seven stocks closing with lower offers. The PE ratio of the market ended at 14.7, while the Main Market ended at 15 times 2020-21 earnings.
In the Main Market, Caribbean Cement closed at $52, with gains of $3.60 trading 36,034 stock units, Eppley Caribbean Property Fund closed 98 cents higher exchanging 101 units at $37, First Rock Capital gained $1.20 to close $12.35, in transferring 125,317 shares. Grace Kennedy picked up 60 cents to close at $58.60, after swapping 92,756 shares, Jamaica Broilers shed 40 cents trading 31,005 stock units to settle at $26.10, Jamaica Producers advanced $1.50 to $21.50, after swapping 3,786 units. Key Insurance ended 38 cents lower at $5, with an exchange of 10,592 units, Kingston Wharves fell by $3 to $54, in transferring 7,208 units, MPC Caribbean Clean Energy jumped $25 to $176 while trading 140 units. NCB Financial Group slipped to $147.49, with a loss of 51 cents with 321,990 shares changing hands, 138 Student Living closed 31 cents lower at $6.69, after exchanging 408 units, Palace Amusement declined by $100 to end at $1,200, with a transfer of just 10 units. Proven Investments closed 51 cents lower at $35.99, transferring 12,181 stock units, Sagicor Group rose 80 cents to $45.80, with 36,265 stock units changing hands, Salada Foods advanced by $4 to $30 trading only one unit. Scotia Group fell by $2.21 to $44.79, in transferring 40,568 stock units, Seprod gained $1 to end at $54, in exchanging 36,296 stock units and Supreme Ventures ended 95 cents lower at $15, with 572,803 shares crossing the exchange.
In the preference segment, 138 Student Living variable rate, stock, lost $1 to end at $5 with 216 shares trading

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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Several TTSE stocks rise – Tuesday

May 26, 2020 by

Trading on the Trinidad and Tobago resumed on Tuesday after closing on Monday for a public holiday with rising stocks outpacing declining one by a wide margin.
At the close, the T&T Composite Index gained 0.22 points to 1,283.31. The All T&T Index declined by 2.16 points to 1,725.88, while the Cross Listed Index rose 0.36 points to close at 113.65.
The market closed with fifteen securities trading, of which seven rose, one declined and seven closed unchanged. The volume of stocks passing through the market amounted to 188,658 units at $1,302,922 compared to 259,251 shares for $1,913,388 on Friday.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of five stocks higher than their last selling prices and three with lower offers.
Gainers│ First Citizens Bank climbed $1 to $45, in swapping 4,179 stock units, Grace Kennedy gained 10 cents to close at $3, trading of 15,000 shares, JMMB Group picked up 4 cents to settle at $1.99, after transferring 3,000 stock units. National Enterprises closed 5 cents higher at $4.25 in exchanging 3,700 stock units, National Flour gained 24 cents and ended at a 52 weeks’ high of $1.95, after swapping 62,220 shares, Prestige Holdings rose 8 cents to $8.20 trading 600 units and Trinidad Cement gained 5 cents with 5,000 stock units changing hands to close at $1.95.
Losers│ Massy Holdings closed at $60, with a loss of $3 after trading 2,460 stock units.
Firm Traders│ Ansa Merchant Bank ended at $37 trading 26 units, First Caribbean International exchanged 15,500 shares at $7.50, NCB Financial closed at $7.50 with 72,800 stock units changing hands. Scotiabank ended with 281 units crossing the exchange at $54.99, Trinidad and Tobago NGL held firm at $16 with 1,000 stock units changing hands, Unilever Caribbean closed at $16.99 after exchanging 1,000 stock units and West Indian Tobacco remained unchanged at $31.20 with 1,892 stock units crossing the market.

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

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

BUY RATED General Accident jumps 28%

May 24, 2020 by

The big news for the past week was a 28 percent jump in the price of General Accident shares, following the release of the first-quarter results. The stock last traded at $6.01 after rising to a high of $6.63 on Friday and dropped out of the Junior Market TOP 10.

General Accident is now out of IC TOP 10 with Q1 profit more than doubling.

During the week, investors pushed the Junior Market up 4 percent but barely moved the Main Market higher, with less than a percentage point rise. This trend is worth watching as bullish indicators point to more gains for Junior Market stocks going forward, with the latter being highly undervalued compared to the Main Market.
Medical Disposables rose from $6.20 at the start of the week to close at $7 and was the other stock to fall out of Junior Market, IC TOP 10. Coming into the TOP 10 are CAC2000 and Elite Diagnostic. The latter faced challenges in critical machine operation, resulting in lost income. Management stated that they “continue to have challenges getting the CT and MRI machines” at the St Ann branch operational. The company will hopefully resolve the problems soon so that the 2021 fiscal year can deliver optimally. Revenue for the 3rd quarter rose to $111.4 million, from $107 million the previous year and resulted in a loss of $2 million compared to a profit of $16 million the past year. In the Main Market, Proven Investments dropped out of the TOP 10 and replaced by Victoria Mutual Investments.
The three top Junior Market stocks with the potential to gain between 344 to 634 percent by 2021 are Caribbean Producers, followed by KLE Group and Lasco Financial. In the Main Market, Radio Jamaica continues to lead, followed by Berger Paints and JMMB Group with projected gains of 165 to 190 percent.
This week’s focus: General Accident reported profit rising 146 percent to $76 million, with investment and other income moving from just $7 million to $74 million. The report showed no cost-benefit from savings that could result from lower motor vehicle accident claims, from sharply reduced motor vehicle usage, since March. Gross Premiums written declined to $2.54 billion from $2.69 billion, but Net Premiums written increased to $689 million from $543 million. Claims rose to $448 million from $294 million in 2019. The December quarter usually generates the highest profit, with claims accounted for conservatively in the earlier quarters adjusted to reflect expected amounts. The new subsidiary, Trinidad based MotorOne Insurance made a small loss of $2 million in the quarter, an indication that not much contribution to profit is expected from it for the current year, it could add to 2021 profit for the group. Total assets of the company grew substantially since March last year from $7.5 billion to $12 billion in the current year, with liabilities rising by $3.5 billion.
Over at Jamaican Teas a report in the newspaper stated, “President of the Jamaica Manufacturers and Exporters Association, JMEA, Richard Pandohie, says the coronavirus has opened trade doors that the sector had been knocking on for a long time.”
“On one level there have been great ­stories where those businesses have exploded in terms of exports. A lot of small manufacturers who are into natural juices, and natural products from cassava and natural spices have gone into markets that they have trying to do for years,” Pandohie told the Financial Gleaner.
One company that has seen an uptick in business, Jamaican Teas, had to lay on new work shifts and extra production days to keep up with export demand.
“Because of our product base, there’s been strong demand overseas to the extent that we’re doing over time, even on Saturdays, keeping up with the extra demand, said JamTeas CEO John Mahfood.
Although General Accident stock is now out of the Junior market IC TOP 10 listing, it boasts a PE ratio of just 7 versus the market average of 9.4 times this years’ earnings, an indication of potentially more upside for it.
The targeted average PE ratio of the market is 20 based on the profits of companies reporting full year’s results for the financial year ending after 2020 second quarter up to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level. The JSE Main Market ended the week, with an overall PE of 14 and the Junior Market at just 9.4, based on current 2020-21 earnings. The PE ratio for Junior Market Top 10 stocks averages a mere 5.2 with or 55 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at 8.7 or 62 percent of the PE of the overall market.
The average projected gain for the IC TOP 10 stocks is 319 percent, for the Junior Market and 136 percent for the JSE Main Market, based on 2020-21 earnings, an indication that there is potential to make greater gains in the Junior Market than in the Main Market.
IC TOP 10 stocks are likely to deliver some of the best returns up to March 2021. Forecasted earnings and PE ratios for the current fiscal year are used in determining potential gains. The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. Expected values will change as stock prices fluctuate and will result in movements of the selection 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.

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JSE Main market drops

May 22, 2020 by

Jamaica Stock Exchange Main Market declined at the close of trading on Friday, with an increased volume of stocks trading, but at a lower value than on Thursday.
At the close, the JSE All Jamaican Composite Index declined 2,739.44 points to 414,030.14, the JSE Market Index dropped 2,589.23 points to 377,364.54 and the JSE Financial Index lost 0.66 points to 99.07.
The market closed with 47 securities changing hands in the Main and US dollar markets with prices of 20 stocks advancing, 16 declining and 11 securities trading firm. The JSE Main Market activity ended with 40 securities accounting for 19,035,180 units valued at $127,444,585, in contrast to 11,035,315 units valued $112,835,625 from 41 securities on Thursday.
Wigton Windfarm led trading with 9.9 million shares for 52 percent of total volume followed by Trans Jamaican Highway with 4.6 million units for 24 percent of the day’s trade and Sagicor Select Financial Fund with 1.4 million units for 7 percent market share.
The Market closed with an average of 475,880 units valued $3,186,115 for each security traded, in contrast to 269,154 units valued at an average of $2,752,088 on Thursday. The average volume and value for the month to date amount to 356,019 units valued at $2,925,515 for each security changing hands, compared to 348,777 units with an average of $2,908,729. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 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 six stocks closing with lower offers. The PE ratio of the market ended at 14.5, while the Main Market ended at 14.8 times 2020-21 earnings.
In the Main Market, Barita Investments gained 50 cents trading 7,900 units to end at $51, Caribbean Cement fell $1.10 to $48.40, in exchanging 31,502 stock units, First Rock Capital shed 35 cents transferring 3,450 units to settle at $11.15. Jamaica Stock Exchange closed 47 cents lower to finish at $22.50, with 12,637 units changing hands, Key Insurance picked up 88 cents to end at $5.38, after swapping 6,354 units, Kingston Wharves dropped $1.25 to close at $57, after swapping 12,168 units. Mayberry Investments gained 40 cents to close at $6 after exchanging 114,835 shares, Mayberry Jamaican Equities picked up 60 cents to end at $10, with a transfer of 3,252 units, MPC Caribbean Clean Energy declined by $19 trading 511 units and closed at $151. NCB Financial Group advanced $8 to $148, with 494,118 shares changing hands, 138 Student Living closed 75 cents lower at $7, after swapping 88,036 stock units, Palace Amusement clawed back $200 to advance to $1,300, after trading 88 units. Proven Investments climbed $2 to finish at $36.50, with 11,045 units crossing the exchange, Sagicor Group traded 39,346 stock units at $45, after gaining 40 cents, Scotia Group advanced by $3 to $47, in transferring 155,397 shares. Seprod climbed $2 to $53 exchanging 19,307 units and Wisynco Group ended the day’s trade 32 cents lower at $17.58, in swapping 38,239 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

JSE Main Market slips on Thursday

May 21, 2020 by

Jamaica Stock Exchange’s main market lost altitude in Thursday’s trading as declining stocks edged out advancing ones on a day with moderately less volume trading at a higher value than on Wednesday.
At the close, the JSE All Jamaican Composite Index declined 505.76 points to 416,769.58, the JSE Market Index shed 457.79 points to close at 379,953.77 and the JSE Financial Index lost 0.99 points to end at 99.73.
The market closed with 43 securities changing hands in the Main and US dollar markets with prices of 17 stocks advancing, 19 declining and seven securities trading firm. The JSE Main Market activity ended with 41 securities accounting for 11,035,315 units valued $112,835,625, in contrast to 11,610,708 units valued at $178,231,093 from 46 securities on Wednesday.
Trading was more evenly spread among stocks, than for some time and ended, with Wigton Windfarm trading 2.4 million shares for 21.5 percent of total volume. Trans Jamaican Highway followed with 2.05 million units for 18.6 percent of the day’s trade and Sagicor Select Financial Fund, with 2 million units for 18 percent market share.
The Market closed with an average of 269,154 units of $2,752,088 for each security traded, in contrast to 283,188 units valued at an average of $4,347,100 on Wednesday. The average volume and value for the month to date amount to 348,777 units valued at $2,908,729 for each security changing hands, compared to 354,034 units with an average value of $2,919,802. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and eight stocks closing with lower offers. The PE ratio of the market ended at 14.4, while the Main Market ended at 14.8 times 2020-21 earnings.
In the Main Market activity, Barita Investments closed 50 cents lower at $50.50, in exchanging 6,647 units, Caribbean Cement shed 49 cents trading 9,810 units and closed at $49.50, Jamaica Producers fell $1.40 to $20.10, with a transfer of 168,477 shares. Jamaica Stock Exchange added $1.07 to end at $22.97, after swapping 66,339 shares, Key Insurance declined to $4.50, with a loss of $1 after exchanging 97,762 shares, Kingston Properties gained 30 cents to finish at $6.30, in transferring 6,000 units. Kingston Wharves climbed $4.25 to $58.25, with 1,327 units changing hands, Mayberry Investments lost 40 cents to close at $5.60 with 30,485 stock units changing hands, Mayberry Jamaican Equities exchanged 27,317 stock units after shedding 60 cents to end at $9.40, and is trading at an 11.5 percent premium to the Net Asset Value as of May 18, of J$8.15. Palace Amusement closed $200 lower to $1,100, in trading 81 units, Proven Investments lost 50 cents to settle at $34.50 in swapping 2,417 units, Salada Foods declined to $26, with a loss of $2 after transferring 9,397 units. Scotia Group closed at $44, after losing $1 and exchanging 5,173 units and Sygnus Credit Investments ended the day 90 cents higher at $16, with 4,069 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

JSE Main Market jumps – Wednesday

May 20, 2020 by

The Jamaica Stock Exchange Main Market recovered all the losses in the leading indices and more suffered on Tuesday, at the end of trading on Wednesday. At the close, the JSE All Jamaican Composite Index surging 7,405.57 points to 417,275.34, the JSE Market Index jumping 6,660.37 points to 380,411.56 and the JSE Financial Index rose 1.86 points to 100.72.
The market closed with 46 securities changing hands in the Main and US dollar markets with prices of 15 stocks advancing, 16 declining and 15 securities trading firm. The JSE Main Market activity ended with 41 securities changing hands accounting for 11,610,708 units valued at $178,231,093, in contrast to 17,254,018 units valued at $121,600,273 from 45 securities on Tuesday.
Trans Jamaican Highway led trading with 4.8 million shares for 41.4 percent of total volume followed by Wigton Windfarm with 1.4 million units for 11.7 percent of the day’s trade and Sagicor Select Financial Fund with 785,416 units for 6.8 percent market share.
The Market closed with an average of 283,188 units valued $4,347,100 for each security traded, in contrast to 383,423 units valued at an average of $2,702,228 on Tuesday. The average volume and value for the month to date amount to 354,034 units valued at $2,919,802 for each security changing hands, compared to 359,042 units with an average of $2,811,232. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows ten stocks ending with bids higher than their last selling prices and five stocks closing with lower offers. The PE ratio of the market ended at 14.4, while the Main Market ended at 14.8 times 2020-21 earnings.
In the Main Market, Caribbean Cement ended at $49.99, with a loss of $1.51 trading 34,732 stock units, Eppley advanced to $16.99, after climbing $1.49 exchanging 188,437 shares, Eppley Caribbean Property Fund closed $1.37 lower to $36.02, in swapping 905 units. First Rock Capital picked up 50 cents to settle at $11.50, with 500 units changing hands, Jamaica Producers gained 50 cents transferring 262,775 shares and closed at $21.50, Jamaica Stock Exchange advanced $1.10 to $21.90, in trading 29,956 stock units. Key Insurance fell 70 cents to $5.50, with an exchange of 34,397 stock units, Mayberry Jamaican Equities gained 63 cents to end at $10, after swapping 15,664 units, NCB Financial Group declined by $10 to end at $140, after exchanging 397,829 shares. Palace Amusement ended the day’s trade $60 lower at $1,300, in transferring 50 units, Proven Investments fell $1 to $35, with 1,284 units changing hands, Sagicor Group picked up 49 cents to finish at $45.49, in trading 84,426 shares and Scotia Group closed at $45, with gains of $1 exchanging 92,849 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Volume drops on TTSE – Wednesday

May 20, 2020 by

Investors traded in more securities on Wednesday on the Trinidad and Tobago Stock Exchange, resulting in less volume and far lower value than on Tuesday as the market indices rose.
At the close of the market, the T&T Composite Index gained 1.25 points to 1,275.80. The All T&T Index rose 0.50 points to 1,711.59, while the Cross Listed Index added 0.27 points to close at 113.56.
The market closed with sixteen securities trading with three rising, two declining and eleven holding firm. The volume of stocks passing through the market amounted to 233,043 shares valued at $1,174,988, down from 304,692 shares for $6,337,963 on Tuesday.
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 four with lower offers.
Gainers│ JMMB Group picked up 5 cents to close at $2 in exchanging 550 units, National Flour ended 19 cents higher at $1.70 trading 34,414 shares and Scotiabank rose 1 cent to end at $54.65, with 1,459 units crossing the market.
Losers│ Point Lisas closed at $3.30, with a loss of 15 cents trading 1,000 units and Trinidad and Tobago NGL shed 31 cents to finish at $16.08, in swapping 355 units.
Firm Traders│ Agostini’s closed at $24 exchanging 294 units, Clico Investments transferred 2,862 units at $25, First Caribbean International ended at 7.50 trading 1,100 units. Grace Kennedy swapped 576 units at $2.90, L.J Williams B remained at $1.48, with 21,845 stock units changing hands, Massy Holdings held firm at $55 while transferring 47 units. NCB Financial held firm at $7.50, with 99,950 shares crossing the market, One Caribbean Media was unchanged at $5.50, after trading 2,850 units, Trinidad Cement ended at $1.90 in swapping 65,000 shares. Unilever Caribbean exchanged 591 units at $16.99 and West Indian Tobacco held firm at $31.40, with an exchange of 150 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: , , , , , , , , , , , , , , , , , , , , ,

NCB Financial knocks JSE Main Market

May 19, 2020 by

The Main Market of the Jamaica Stock Exchange declined on Tuesday as NCB financial dropped from $150 down to a day’s low of $140 and was the main stock that inflicted the bulk of the damage to the market index.
At the close, the JSE All Jamaican Composite Index dropped 4,151.98 points to 409,869.77, the JSE Market Index declined by 3,680.65 points to 373,751.19 and the JSE Financial Index shed 2.12 points to close at 98.86.
The market closed with 49 securities changing hands in the Main and US dollar markets with prices of 20 stocks advancing, 18 declining and 11 securities trading firm. The JSE Main Market activity ended with 45 securities accounting for 17,254,018 units valued $121,600,273, in contrast to 20,915,712 units valued at $107,984,225 from 42 securities on Monday.
Trans Jamaican Highway led trading with 8 million shares for 46.4 percent of total volume followed by Wigton Windfarm with 4 million units for 23.4 percent of the day’s trade and JMMB Group 7.25% preference share with 1.5 million units for 8.7 percent market share.
The Market closed with an average of 383,423 units valued $2,702,228 for each security traded, in contrast to 497,993 units valued at an average of $2,571,053 on Monday. The average volume and value for the month to date amount to 359,042 units priced at $2,811,232 for each security changing hands, compared to 356,991 units with an average value of $2,844,401. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and seven stocks closing with lower offers. The PE ratio of the market ended at 14.4, while the Main Market ended at 14.8 times 2020-21 earnings.
In the Main Market, Caribbean Cement lost 50 cents to close at $51.50, in transferring 9,923 units, Eppley ended 50 cents higher at $15.50 after exchanging 2,060 units, Eppley Caribbean Property Fund added $1.89 to finish at $37.39, with 1,532 units changing hands. First Rock Capital closed at $11, with a loss of 40 cents swapping 5,465 units, Jamaica Stock Exchange picked up 80 cents trading 12,496 stock units to close at $20.80. JMMB Group transferred 158,678 shares at $34, after losing 51 cents, Key Insurance fell 80 cents to $6.20, with an exchange of 97,758 shares, Kingston Wharves jumped $6.02 to $54 trading 60,956 stock units. Mayberry Investments gained 40 cents to end at $6, in transferring 145,068 shares, MPC Caribbean Clean Energy declined $5 to end at $170, after exchanging 1,327 units, 138 Student Living gained $1 swapping 108 units and closed at $8. Palace Amusement ended the day $140 lower at $1,360, with 141 units changing hands, PanJam Investment shed 45 cents to settle at $75.75, in trading 9,717 units, Portland JSX picked up 94 cents swapping a mere five units to end at $8.60. Sagicor Group finished 50 cents lower at $45, with an exchange of 80,664 shares, Salada Foods added $1 to end at $28, in transferring 420 units, Scotia Group closed at $44, with a loss of $1 in trading 95,850 shares. Seprod gained 91 cents to reach $51, after exchanging 27,258 stock units, Supreme Ventures advanced $1.99 to $16 with 685,165 shares changing hands, Victoria Mutual Investments gained 31 cents in swapping 18,768 stock units to finish at $7.48 and Wisynco Group rose 30 cents to $18, with 108,499 shares crossing the exchange.

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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Modest trading on TTSE – Tuesday

May 19, 2020 by

Trading activity on the Trinidad and Tobago Stock exchange contracted on Tuesday with falling volumes with rising values resulting in modest changes to the market indices.
The market closed with twelve securities trading with one rising, two declining and nine holding firm leaving the T&T Composite Index down 0.02 points to 1,274.55. The All T&T Index fell 0.45 points to close at 1,711.09, while the Cross Listed Index added 0.05 points to 113.29.
Investors exchanged 304,692 shares valued at $6,337,963 compared to 478,696 shares for $3,954,213 on Monday.
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 two with lower offers.
Gainers│ Trinidad and Tobago NGL ended trading of 11,945 stock units and gained 39 cents in closing at $16.39.
Losers│ L.J Williams B share fell 2 cents trading 28,020 stock units to close at $1.48 and Scotiabank shed 35 cents to settle at $54.64, with 1,035 units changing hands.
Firm Trades│ Angostura Holdings closed at $14 in transferring 2,475 units, Clico Investments swapped 3,373 units at $25, JMMB Group held firm at $1.95, with an exchange of 4,265 units. Massy Holdings traded 64,170 shares and remained unchanged at $55, NCB Financial closed at $7.50, with 105,195 shares changing hands, One Caribbean Media exchanged 2,703 units at $5.50. Republic Financial Holdings remained at $132.55, with 1,757 units crossing the market, Unilever Caribbean traded 78,599 shares at $16.99 and West Indian Tobacco ended at $31.40 after exchanging 435 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: , , , , , , , , , , , , , , , , , , ,