The main market of the Jamaica Stock Exchange closed down on Wednesday, as declining stocks beat out advancing ones 3 to 2.
Trading ended with the JSE All Jamaican Composite Index shedding 1,923.97 points to close at 515,673.55 and the JSE Index falling 1,748.38 points to close at 469,600.84.
At the close of trading, 34 securities traded in the main and US dollar markets leading to 10 securities advancing, 15 declining and 9 trading firm. Market activity ended with 75,651,962 units valued $254,462,635 compared to 24,689,423 units valued at $108,692,341 changing hands from 33 securities on Tuesday.
Wigton Windfarm led trading with 61 million shares for 81 percent of total main market volume, followed by Stanley Motta with 10.3 million units for 14 percent of total volume and Carreras with 1.1 million stock units for 2 percent of total volume.
The market closed with average of 2,364,124 units valued at an average of $7,951,957 for each security traded. In contrast to 667,282 units for an average of $2,937,631 on Tuesday. The average volume and value for the month to date amounts to 1,270,097 units valued at $4,635,018 changing hands, compared 762,722 units valued at $3,096,727fro each securities traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 12 stocks ended with bids higher than their last selling prices and 3 with lower offers.
In the main market activity, Barita Investments gained 95 cents to close at $45.05, in trading 2,000 shares, Eppley lost $1 in trading 5,000 stock units at $16, Grace Kennedy rose $1 and finished trading 1,853 units to end at $66, Jamaica Broilers gained $1 and closed at $33, with 199,457 shares trading. Jamaica Producers lost $2 and ended trading with 21,621 shares at $26.50, Jamaica Stock rose $1 and finished trading 58,982 stock units at $29, JMMB Group lost 49 cents in trading 82,686 shares to close of $44.50. NCB Financial Group added 50 cents and concluded trading 79,816 shares at $190, while 138 Student Living rose 28 cents to $3.95, in trading 50,472 shares. PanJam Investment lost $4 to settle at $96 with 211,728 shares changing hands, Pulse Investments lost 28 cents trading 300,000 shares to close at $2.50, Sagicor Group gained $1 and finished trading 191,385 stock units at $58 and Stanley Motta traded 10,263,122 units and lost 30 cents in ending at $5.
In the preference sector, Productive Business Solution lost $1.99 to close at $106 with 1,000 shares trading.
Trading in the US securities market resulted in 17,950 units valued US$3,504 changing hands. Market activity ended with Proven Investments trading 3,000 shares to close at 25 US cents and Sygnus Credit Investments with a loss of 0.50 cent to close at 12.5 US cents, in trading 4,000 units. The JSE USD Equities Index closed 0.39 points down to 189.31.
2 TTSE stocks rose 4 fall – Wednesday
Market activity on the Trinidad & Tobago Stock Exchange ended on Wednesday with trading in 13 securities against 16 on Tuesday.
Trading ended with 2 advancing, 4 declining and 7 remaining unchanged as Scotiabank and Trinidad Cement closed trading at 52 weeks’ lows.
The Composite Index lost 0.36 points to close at 1,386.70. The All T&T Index declined by 0.73 points to 1,798.47, while the Cross Listed Index remained unchanged to close at 131.79.
Trading ended with 122,312 shares valued $1,414,884 changing hands, compared to 251,890 shares at a value of $3,382,496 on Tuesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 3 stocks with bids lower than their last selling prices and 6 with lower offers.
Stock closing with Gains and Clico Investments rose 15 cents and settled at $24.15, with 8,085 stock units trading and JMMB Group rose 4 cents and ended at $2.09, with investors exchanging 75,645 shares.
Stock closing with Losses| First Caribbean International Bank lost 2 cents in trading 1,215 shares to close at $8.30, Republic Financial Holdings shed 1 cent and completed trading of 3,259 units at $121, Scotiabank dropped 10 cents in closing at $62.15, in exchanging 1,430 shares and Trinidad Cement fell 5 cents and ended at $2.45, after exchanging 25 shares.
Firm Traded| Calypso Macro Index Fund ended trading of 600 shares at $14.50, Grace Kennedy closed at $3.23, with 4,350 units crossing the exchange, Guardian Holdings closed at $18.50, with 10,553 stock units trading, Point Lisas traded 25 shares at $3.61. Sagicor Financial ended at $10 with 3,204 units changing hands, Trinidad & Tobago NGL ended at $28.31, with 9,617 units trading and West Indian Tobacco ended at $110.25, with 300 units crossing the exchange.
Prices of securities trading for the day are those at which the last trade took place.
5 TTSE stocks rose 7 fall – Tuesday
Market activity on the Trinidad & Tobago Stock Exchange ended on Tuesday with trading in 16 securities against 12 on Monday, with 5 advancing, 7 declining and 4 remaining unchanged.
At close of the market, the Composite Index lost 6.83 points to close at 1,387.06. The All T&T Index declined by 0.20 points to 1,799.20, while the Cross Listed Index fell 1.86 points to close at 131.79.
Trading ended with 251,890 shares at a value of $3,382,496, compared to 34,512 shares on Monday valued at $363,771.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 3 stocks with bids lower than their last selling prices and 6 with lower offers.
Stock closing with Gains| Guardian Holdings rose 10 cents and ended trading 21,243 shares at $18.50, Massy Holdings gained 5 cents to close at $55.05, with investors exchanging 773 shares, National Flour added 3 cents and ended at $1.72, in the swapping of 22,652 shares. Republic Financial Holdings added 1 cent and completed trading 224 units at $121.01 and Unilever Caribbean rose 25 cents and settled at $25.25, with 5,000 units changing hands.
Stock closing with Losses| Ansa Mcal ended trading 7,610 units, but lost 16 cents to settle at $55.02, Clico Investments fell 15 cents and settled at $24, with 40,459 stock units trading, Grace Kennedy closed with a loss of 2 cents at $3.23, with 4,350 units crossing the exchange. JMMB Group fell 4 cents and completed trading 20,000 stock units at $2.05, NCB Financial Group shed 49 cents and ended at $9.50, with 101,060 units changing hands, Scotiabank dropped 2 cents and closed at $62.25, with investors exchanging 238 shares and Trinidad & Tobago NGL declined 19 cents and ended at $28.31, with 3,875 units trading.
Firm Traded| One Caribbean Media settled at $10.10, with 5,108 stock units changing hands, Sagicor Financial closed at $10, with exchange of 13,714 stock units, Trinidad Cement completed trading of 5,401 stock units at $2.50 and West Indian Tobacco ended at $110.25, with 183 units crossing the exchange.
Prices of securities trading for the day are those at which the last trade took place.
Big surprise in IC TOP 10 changes
Sygnus Credit Investments is back in the main market TOP 10 and now sits close to the top, replacing Grace Kennedy that rose to $67 on Friday in a week when the main market closed at another record high.
strong>Sygnus jumped in, based on a switch to earnings for the new fiscal year starting in July. Junior Market Fontana and Elite Diagnostic are now in the upper half of the Junior Market TOP 10, both are now supported by 2020 earnings that are higher than for the year just ended. Everything Fresh and Main Event eased out of the Junior Market listing. Earnings of Wisynco Group, a former TOP 10 listing, have also been switched to 2020 fiscal year earnings, but with the price having risen strongly this year, potential gains will not be sufficient to put it in the list any time soon.
Junior Market stocks continue to struggle to get investors’ attention but the market is consolidating with investors targeting a select group and is poised for a takeoff very soon with the market highly undervalued, currently.
The three most attractive Junior Market stocks are, Iron Rock with projected gains of 243 percent, followed by Caribbean Producers 233 percent and Elite Diagnostic with possible gains of 225 percent.
Radio Jamaica heads the main market with 170 percent potential gains followed by Sygnus Credit Investments with expected gains of 167 percent and Sterling Investments in third spot with the potential to gain 163 percent by March next year.
The main market, closed the week with the overall PE at 15.2 and the Junior Market at 11.2. The PE ratio for Junior Market Top 10 stocks averages 6.7 and the main market PE 8.9. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 40 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 41 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
This report is compiled by persons who may have interest in the securities commented on.
TTSE stocks up 7% to June
Market activity on the Trinidad & Tobago Stock Exchange ended the first half of the year with a rise of 7 percent for the overall market by the close on Friday that compares favourably with a 2.5 percent decline at the same time last year.
The market closed with trading in 15 securities against 14 on Thursday, with 3 advancing, 4 declining and 8 remaining unchanged.
The Composite Index rose 0.67 points to 1,394.10, the All T&T Index slipped 0.15 points to 1,799.82 and is up 5.6 percent for the year to date, while the Cross Listed Index rose 0.21 points to close at 133.65 for a 10 percent rise in 2019. Trading ended with 622,719 shares valued $25,058,154 changing hands, compared to 81,690 shares valued $2,307,759 on Thursday.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 3 stocks with higher bids than their last selling prices and 2 with lower offers.
Stocks ending with gains| Grace Kennedy rose 5 cents and ended at $3.25, with 99,600 stock units trading, JMMB Group closed with a gain of 4 cents at $2.09, after exchanging 2,000 shares and Trinidad Cement gained 5 cents to close at $2.55, with the trading of 550 stock units.
Stocks closing with losses| Guardian Holdings fell 10 cents and completed trading at $18.40, with 2,808 units crossing the exchange, One Caribbean Media share fell 1 cent and ended at $10.10, with 40,956 units, Sagicor Financial closed 6 cents and ended at $9.95, with 12,586 units and Trinidad & Tobago NGL shed 1 cent and settled at $28.51, with 48,343 units.
Stocks closing firm| Clico Investments ended at $24.30, with 250 units crossing the exchange, First Citizens Bank traded 620 stock units in settling at $40, Massy Holdings exchanged 412,801 units at $55, National Flour settled at $1.69, with 1,511 units crossing the exchange. Point Lisas completed trading of 500 units at $3.62, Republic Financial Holdings ended at $121, after swapping 150 shares and West Indian Tobacco completed trading of just 19 units at $110.27.
Prices of securities trading for the day are those at which the last trade took place.
Seven TTSE stocks rose – Thursday
Market activity on the Trinidad & Tobago Stock Exchange ended on Thursday with trading in 16 securities against 14 on Wednesday, with 7 advancing, 1 declining and 8 remaining unchanged.
The Composite Index fell 4.41 points to 1,393.43, the All T&T Index gained 0.60 points to 1,799.97, while the Cross Listed Index fell 1.30 points to close at 133.44.
Trading ended with 81,690 shares valued $2,307,759 changing hands, compared to 296,527 shares valued $5,739,400 on Wednesday.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 3 stocks with higher bids than their last selling prices and 4 with lower offers.
Stocks ending with gains| Clico Investments increased 30 cents and completed trading of 18,735 shares at $24.30, First Caribbean International Bank rose 1 cent and settled at $8.32, with 3,423 units changing hands, First Citizens closed with a gain of 20 cents at $40, after exchanging 6,003 shares. Grace Kennedy gained 5 cents and completed trading of 1,000 stock units at $3.20, JMMB Group finished with a 2 cents gain to end at $2.05, with 8,018 stock units changing hands. Sagicor Financial finished trading with a gain of 1 cent to close at $10.01, after exchanging 2,796 shares and Trinidad & Tobago NGL gained 2 cents to close at $28.52, trading 10,000 units.
Stocks closing with losses| One Caribbean Media dropped 6 cents and completed trading at $10.11, with 408 units crossing the exchange.
Stocks closing firm| Calypso Macro Index Fund ended at $14.50, with the trading of 305 stock units, Guardian Holdings settled at $18.50, with an exchange of 6,679 units, Massy Holdings ended at $55, after exchanging 258 shares, NCB Financial Group ended at $9.99, after exchanging 14,050 shares, Republic Financial Holdings ended at $121, with 5,631 units changing hands. Scotiabank settled at $62.40, trading 369 units, Unilever Caribbean completed trading with 2,039 units at $25 and West Indian Tobacco settled at $110.27, with 1,976 stock units trading.
Prices of securities trading for the day are those at which the last trade took place.