One year highs for 4 TTSE stocks – Wednesday

February 12, 2020 by

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.

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

JSE Main Market down again – Tuesday

February 11, 2020 by

At the close, the JSE All Jamaican Composite Index dropped 3,090.89 points to close at 527,231.19, the JSE Market Index fell 2,798.09 points to 480,098.25 and the JSE Financial Index lost 0.13 points to 130.62.

Pulse closed at a new high after hitting a record $10.59 during the day.

The market closed, with 41 securities changing hands in the Main and US dollar markets with the prices of 15 advancing, 20 declining and 6 trading firm. At the end of trading, Pulse Investments ended at a 52 weeks’ closing high while Kingston Properties closed at a 52 weeks’ low of $4.87 and Sagicor Real Estate Fund traded at a 52 weeks’ intraday low of $7.50.
The JSE Main Market activity ended with 38 securities accounting for 27.628,819 units valued at $81,726,949 in contrast to 25,245,816 units valued at $126,226,094 from 39 securities on Monday.
Wigton Windfarm dominated trading with 11.1 million shares for 40 percent of total volume, followed by Sagicor Select Financial Fund with 8 million units for 29 percent of the day’s trade and Sagicor Select Manufacturing and Distribution with 4.7 million shares for 17 percent of the market’s volume. QWI Investments was the only other stock trading more than one million units, ending the day with 1.8 million units.
The Market closed with an average of 727,074 units at $2,150,709 for each security traded, in contrast to 647,329 units valued at an average of $3,236,567 on Monday. The average volume and value for the month to date amount to 615,914 units valued at $2,734,748 for each security changing hands compared to 600,720 units valued at $2,828,391 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 twelve 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 18.2 times 2019 earnings.
In the prime market, Barita Investments gained 51 cents to settle at $68.51, with an exchange of 22,520 shares, Caribbean Cement closed at $67.80, after losing $1.20 trading 14,681 shares, Grace Kennedy shed $2.20 to end at $67 in transferring 74,051 shares, Jamaica Producers closed 50 cents lower to $24.50, with 7,434 shares changing hands. Jamaica Stock Exchange dropped $1.90 to $29.10, in swapping 58,730 shares, JMMB Group ended at $43.10, with a loss of 90 cents after trading 133,263 units, Kingston Wharves gained $1.50 to settle at $60, with 1,965 units crossing the exchange. NCB Financial Group declined to $182.01, after losing $2.98, with 74,687 shares changing hands, 138 Student Living lost 59 cents to end at $4.40, trading 300 units, PanJam Investment closed at $98.50, after falling $2.45 and trading 6,213 stock units, Proven Investments lost $2 in closing at $46, after the swapping of just 1,064 shares. Pulse Investments added $1.50 to settle at a record high of $10 after the transfer of 202,971 shares, with the price hitting an intraday high of $10.59. Sagicor Real Estate Fund lost 30 cents to end at $8.70, with 32,919 units changing hands after trading at a 52 weeks’ intraday low of $7.50, Salada Foods climbed $2 to $32, with 90,090 shares traded and Seprod ended with an exchange of 15,557 shares at $45.75, after gaining 50 cents.
Trading in the US dollar market ended with 216,590 units valued at over US$69,187. The market index jumped 12.41 points to close at 228.93. JMMB Group 5.75% preference share traded 5,000 units at US$2, Proven Investments gained 2 cents to end at 31 US cents, after exchanging 172,225 units and Sygnus Credit Investments lost 1.6 cents to end at 15.4 US cents after transferring 39,365 units.

Filed Under: Feature Stories, JSE Main Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

5 TTSE stocks rise 1 fall – Tuesday

February 11, 2020 by

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.

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

JSE majors lose ground

February 10, 2020 by

The major indices on the Main Market of the Jamaica Stock Exchange lost grounds on Monday, with the three indices followed falling on reduced trading volume.
At the close, the JSE All Jamaican Composite Index declined 1,707.65 points to close at 530,322.08, the JSE Market Index fell 1,546.68 points to 482,876.34 and the JSE Financial Index lost 0.21 points to 130.75.
The market closed, with 42 securities changing hands in the Main and US dollar markets with the prices of 17 advancing, 16 declining and 9 trading firm. The JSE Main Market activity ended with 39 securities accounting for 25,245,816 units valued at $126,226,094 in contrast to 33,972,337 units valued at $135,349,407 from 37 securities on Friday.
Sagicor Select Financial Fund with 11.7 million shares dominated trading and accounted for 46 percent of Main Market stock changing hands. Wigton Windfarm with 5.1 million shares and 20 percent of total volume, followed by Sagicor Select Manufacturing and Distribution, with 4.4 million units for 17.5 percent of the day’s trade. QWI Investments with 1 million units was the only other stocks trading more than one million units.
 The Market closed with an average of 647,329 units for $3,236,567 for each security traded, in contrast to 918,171 units valued at $3,658,092 for each security, on Friday. The average volume and value for the month to date amount to 600,720 units valued at $2,828,391 for each security changing hands compared to 715,931 units valued at $2,747,993 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 nine stocks ending with bids higher than their last selling prices and five closing with lower offers. The PE ratio of the market ended at 19.3, while the Main Market ended at 18.5 times the 2019 earnings.
In the prime market, Barita Investments slipped $2 to $68, after exchanging 17,021 shares, Berger Paints closed 49 cents lower at $16.51 trading a mere 180 units, Grace Kennedy gained 60 cents to end at $69.20, after swapping 55,760 shares. Jamaica Broilers settled at $34, with gains of 99 cents exchanging 16,088 shares, Jamaica Stock Exchange climbed $2 to $31, in transferring 7,590 shares. JMMB Group closed 80 cents higher to $44, with 191,897 shares trading, Kingston Properties shed $1 to end at $5, after exchanging 35,000 units. Kingston Wharves dropped $7.51 to $58.50, with 3,888 units changing hands, Mayberry Jamaican Equities fell by $1.12 to $9.88 after transferring a mere 242 shares, NCB Financial Group advanced to $184.99, with gains of $2.99 and 53,906 shares changing hands. PanJam Investment climbed $1.44 to settle at $100.95 after trading 61,440 units. Proven Investments gained $1.80 and ended at $48, in swapping 4,738 units, Pulse Investments ended at a 52 weeks’ high of $8.50, with gains of $1.50 with 335,014 shares changing hands, Sagicor Group closed $2.80 higher to end at $68.80, in swapping 35,213 shares. Sagicor Real Estate Fund lost 60 cents to end at $9 after trading 4,586 units, Scotia Group exchanged 944,499 shares at $53.45, after losing $1.05, Sygnus Credit Investments lost $1 to settle at $24, with 23,258 shares changing hands and Wisynco Group gained $1.09 to end at $22.65 trading 162,591shares.
Trading in the US dollar market ended with 76,891 units valued at over US$18,235. The market index declined 14.06 points to close at 216.52. JMMB Group 6% preference share lost one cent, trading 5,000 units and closed at 99 US cents. Proven Investments ended at 29 US cents, after losing 2 US cents exchanging 13,700 units and Sygnus Credit Investments closed one cent lower to 17 US cents, with 58,191 units changing hands.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

TTSE closes higher on Monday

February 10, 2020 by

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.

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

JSE majors break losing streak

February 7, 2020 by

Rising stocks edged out decliners on Friday, sending the Main Market of the Jamaica Stock Exchange higher at the close with a slightly higher value of trades than on Thursday and disrupted the market decline of the previous four days.  
At the close, the JSE All Jamaican Composite Index advanced 962.01 points to close at 532,029.73, the JSE Market Index gained 855.61 points to 484,443.02 and the JSE Financial Index lost 0.58 points to 130.96.
The market closed with 40 securities changing hands in the Main and US dollar markets with the prices of 15 advancing, 13 declining and 12 trading firm. The JSE Main Market activity ended with 37 securities accounting for 33,972,337 units valued at $135,349,407 in contrast to 49,111,069 units valued at $124,613,707 from 41 securities on Thursday.
Wigton Windfarm dominated trading with 12 million shares for 35 percent of total volume, followed by Sagicor Select Financial Fund with 10.7 million units for 31.5 percent of the day’s trade and Sagicor Select Manufacturing and Distribution with 4.7 million shares for 14 percent of the market’s volume after the stock hit an intraday low of 80 cents. The only other stocks trading more than one million units were QWI Investments with 3 million units with the price trading at an intraday low of 80 cents and Scotia Group with 1.2 million shares.
The Market closed with an average of 918,171 units for $3,658,092 for each security traded, in contrast to 1,197,409 units valued at an average of $3,035,972 on Thursday. The average volume and value for the month to date amount to 715,931 units valued at $2,747,993 for each security changing hands compared to 669,453 units valued at $2,538,839 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 eight stocks ending with bids higher than their last selling prices and four closing with lower offers. The PE ratio of the market ended at 19.4, while the Main Market ended at 18.6 times 2019 earnings.
In the prime market, Berger Paints gained 50 cents to close at $17 after trading 2,616 stock units, Caribbean Cement climbed $1.85 to $69, with 4,574 shares changing hands, Eppley Caribbean Property Fund lost 46 cents after swapping 550 units and closed at $37.04. Grace Kennedy lost of 90 cents and settled at $68.60, in transferring 8,617 shares, Jamaica Broilers ended 99 cents lower to $33.01, in exchanging 29,612 shares. Jamaica Stock Exchange slid $2 to $29, after trading 54,034 shares, Kingston Wharves added $2.54 to end at $66.01, with an exchange of 1,366 units, Mayberry Investments closed 40 cents lower to $7, in swapping 37,457 shares. Mayberry Jamaican Equities gained 40 cents to settle at $11, after transferring 53,346 shares, MPC Caribbean Clean Energy advanced $4.50 to end at $194.50, in trading 200 units, NCB Financial lost $5 to close at $182, with 54,453 shares changing hands. PanJam Investment lost 49 cents to settle at $99.51, in an exchange of 4,947 units, Proven Investments slipped 80 cents to $46.20, trading 11,741 units, Pulse Investments closed at $7, losing 50 cents after hitting a record high of $8.50 with a transfer of 76,200 shares. Sagicor Group closed 50 cents lower to end at $66, with 51,954 shares changing hands, Sagicor Real Estate Fund ended 60 cents higher at $9.60 after trading 600 units, Scotia Group transferred 1,208,696 shares to close at $54.50, after gaining $1.50. Sygnus Credit Investments closed 50 cents higher to end at $25, with 13,607 shares changing hands and Wisynco Group shed 94 cents to end at $21.56, in swapping 339,994 shares.
Trading in the US dollar market ended with 32,514 units valued at over US$9,281. The market index advanced 10.01 points to close at 230.58. JMMB Group 6% preference share traded 2,095 units at US$1, Proven Investments gained 2.5 cents to close at 31 US cents, with 14,850 units changing hands and Sygnus Credit Investments closed at 18 US cents, after transferring 15,569 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

First Citizens hits record high

February 7, 2020 by

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.

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

More corrections for Main Market

February 6, 2020 by

The Main Market of the Jamaica Stock Exchange stretched its losing streak into the fourth day the JSE All Jamaican Composite Index shedding 2,281.59 points to close at 531,067.72, the JSE Market Index falling 2,132.31 points to 483,587.41.
At the close of trading, JSE Financial Index lost just 0.18 points to close at 131.54, a reflection that stocks in this segment of the market remain relatively stable on Thursday.
The market closed with 45 securities changing hands in the Main and US dollar markets with the prices of 14 advancing, 16 declining and 15 trading firm. The JSE Main Market activity ended with 41 securities accounting for 49,111,069 units valued at $124,613,707 in contrast to 12,415,818 units valued at $141,179,331 from 43 securities on Wednesday.
Sagicor Select Financial Fund dominated trading with 24.3 million shares for 49.5 percent of total volume, followed by Wigton Windfarm with 12.3 million units for 25 percent of the day’s trade, and QWI Investments with 5.9 million shares for 12 percent of the market’s volume. Sagicor Select Manufacturing and Distribution was the only stock trading more than 1 million units, ending the day with 4.3 million shares.
The Market closed with an average of 1,197,409 units valued at an average of $3,035,972 for each security traded, in contrast to 288,740 units valued at an average of $3,283,240 on Wednesday. The average volume and value for the month to date amount to 669,453 units valued at $2,538,839 for each security changing hands compared to 489,068 units valued at 2,376,829 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 seven stocks ending with bids higher than their last selling prices and three with lower offers. The PE ratio of the market ended at 19.4, while the Main Market ended at 18.7 times the 2019 earnings.
In the Main Market, Barita Investments gained $1.90 to close at $70, after exchanging 20,047 shares, Eppley lost 40 cents to settle at $13.80 after trading 195 units, Eppley Caribbean Property Fund slid to $37.50, with a loss of $3.57 swapping 6,340 shares. Jamaica Broilers closed $1 lower to $34, with 41,583 shares changing hands, Jamaica Stock Exchange gained 50 cents trading 81,502 shares to close at $31, JMMB Group declined by $3 to $43, in transferring 112,651 shares. Kingston Wharves climbed $2.40 to $63.47, with an exchange of 3,773 units. MPC Caribbean Clean Energy dropped $6, ending at $190 after 858 units changed hands, NCB Financial lost $2 to end at $187, in trading 211,865 shares, PanJam Investment lost $1 to settle at $100, with an exchange of 3,124 shares. Proven Investments rose to $47, with gains of $2.50 in trading 9,744 units, Pulse Investments closed at $7.50, climbing $1.50 after a transfer of 510,319 shares, Sagicor Group gained 50 cents to end at $66.50, with 23,173 shares crossing the market. Scotia Group dropped $1.50 after trading 150,064 shares to close at $53, Stanley Motta rose 70 cents to $5.75 trading 6,768 shares and Sygnus Credit Investments lost $1 to end at $24.50, with 29,744 shares changing hands.
Trading in the US dollar market ended with 9,740 units valued at over US$2,707, with the market index declining 2.16 points to close at 220.57. JMMB Group 5.75% preference share traded 230 units at US$2, JMMB Group 6% preference share exchanged 21 units at US$1, Proven Investments gained 1.3 cents to close at 28.5 US cents, with 5,260 units changing hands and Sygnus Credit Investments closed at 17.99 US cents, after transferring 4,229 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

More records for First Citizens

February 6, 2020 by

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.

Filed Under: Company News Tagged With: , , , , , , , , , , , , , , , , , , , ,

JSE Main Market 3 days 16,000 points plunge

February 5, 2020 by

Jamaica Stock Exchange Main Market plunged at the close of trading on Wednesday and, in the process, pulled JSE All Jamaican Composite Index down 16,165 points in three days and the JSE Market Index down by 14,744 points.
At the close of the market on Wednesday, the JSE All Jamaican Composite Index dived 6,722.84 points to close at 533,349.31, the JSE Market Index declined 6,069.73 points to 485,719.72 and the JSE Financial Index fell 1.22 points to 131.72. At the close, and Portland JSX closed at 52 weeks’ high while 138 Student Living traded at a 52 weeks’ intraday high of $6 and QWI investments closed at a 52 weeks’ low of 88 cents.
The market closed with 45 securities changing hands in the Main and US dollar markets with the prices of 13 advancing, 22 declining and 10 trading firm. The JSE Main Market activity ended with 43 securities trading and accounting for 12,415,818 units valued at $141,179,331 in contrast to 17,558,523 units valued at $50,385,050 from 37 securities changing hands on Tuesday.
Wigton Windfarm led trading with 3.4 million shares for 27 percent of total volume, followed by QWI Investments Limited with 2.5 million units for 20 percent of the day’s trade and Sagicor Select Manufacturing and Distribution with 2.4 million shares for 19 percent of the market’s volume. Sagicor Select Financial Fund was the sole stock trading more than 1 million units ending the day with 1.8 million shares.
The Market closed with an average of 288,740 units valued at an average of $3,283,240 for each security traded, in contrast to 474,555 units valued at an average of $1,361,758 on Tuesday. The average volume and value for the month to date amount to 489,068 units valued at 2,376,829 for each security changing hands compared to 600,940 units valued at 1,856,625 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 twelve stocks ending with bids higher than their last selling prices and three with lower offers. The PE ratio of the market ended at 19.5, while the Main Market ended at 18.7 times 2019 earnings.
In the Main Market, Barita Investments shed $1.90 in settling at $68.10, with 18,336 units changing hands, Caribbean Cement slid to $67.09, losing $2.91 in transferring 7,543 shares, Eppley Caribbean Property Fund climbed $4.07 to $41.07 trading 12,165 shares, Grace Kennedy dropped $4.49 to end at $69.51, after swapping 665,580 shares. Jamaica Broilers lost 99 cents exchanging 5,511 shares in closing at $35, Jamaica Stock Exchange slid to $30.50 with a loss of $1.50 trading 42,453 shares, JMMB Group lost 40 cents to close at $46 while transferring 141,054 shares. Mayberry Jamaican Equities ended at $10.60, after losing 40 cents exchanging 18,785 shares, MPC Caribbean Clean Energy climbed $6 to $196, after swapping 2,000 units, PanJam Investment closed $1 higher to $101, with 28,085 shares changing hands, Proven Investments dropped $4.50 to settle at $44.50, after trading 18,085 units. Sagicor Group fell by $1 to $66, in exchanging 23,432 shares, Sagicor Real Estate Fund lost 60 cents and closed at $9, after transferring 9,650 units, Salada Foods lost $1 to end at $30, with and exchange of 4,400 shares Scotia. Group moved 78,726 shares at $54.50, after falling $2.50, Seprod lost 93 cents to finish at $45.07 after a swap of 5,521 shares, Sygnus Credit Investments gained $1 to end at $25.50, with 47,837 shares changing hands. Victoria Mutual Investments closed at $10.27, with a loss of 67 cents while trading 188,182 shares and Wisynco Group lost 50 cents, transferring 70,723 units to end the day’s trading at $22.50.
Trading in the US dollar market ended with 36,279 units valued at over US$10,361. The market index dropped 12.49 points to close at 222.73. Proven Investments lost 4.3 cents to close at 27.2 US cents exchanging 35,743 shares and Sygnus Credit Investments gained 1 cent trading 986 units, to end at 18 US cents.

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