Trading on the Jamaica Stock Exchange main market returned to more normal levels on Monday, than the heavy trading that took place on Friday.
The market ended with 1,643,736 units valued $44,890,131 units changing hands, down sharply from 61,016,873 units for $1,233,540,286 trading on Friday.
At the JSE All Jamaican Composite Index climbed 2,693.78 points to 455,184.91 and the JSE Index gained 2,447.92 points to 414,632.21.
Sygnus Credit Investments led trading with 375,328 shares accounting for 23 percent of total main market volume, followed by Wisynco Group with 188,883 units and 11.5 percent of the day’s trades and JMMB Group with 143,007 units for 9 percent of volume traded.
Trading ended with an average of 53,024 units valued at $1,448,069, in contrast to 1,906,777 shares valued at $38,548,134 on Friday. The average volume and value for the month to date amounts to 267,779 units valued $11,609,967 and previously, 283,444 units valued $12,405,469. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
At the close market activity, the main and US markets traded 34 securities, compared to 35 on Friday leading to 9 advancing, 15 declining and 8 closing unchanged.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with a weak signal for the coming day with 8 stocks ending with bids higher than their last selling prices and 3 closing with lower offers.
In main market activity, Barita Investments lost 30 cents and closed at $43.50, trading 680 shares, Berger Paints lost $1.50 and ended at $17, with 9,755 stock units traded, Caribbean Cement dipped $2 to close at $69, trading 26,173 shares, Jamaica Broilers gained 40 cents to finish trading with 470 units at $31.50. Jamaica Producers declined by $1 to close at $24, with an exchange of 116,733 shares, Jamaica Stock Exchange lost 76 cents and ended at $18.99, with 27,946 shares changing hands. JMMB Group gained 60 cents to end at $38.10 while trading 143,007 shares, Kingston Wharves jumped $2 trading 792 shares in closing at $70, PanJam Investment shed $1.25 with 76,565 shares changing hands, to close at $97, Sagicor Group jumped $1.99 to end at $46.99 in trading 6,450 stock units, Seprod lost 99 cents trading 29,122 shares to close at $44 and Supreme Ventures concluded trading 83,762 stock units after falling 86 cents to close at $31.
Trading in the US dollar market ended with 840,013 units valued at $189,945. Proven Investments gained 0.5 cent and closed trading of 756,613 units at 24.05 US cents and Sygnus Investments ended trading of 83,400 shares at 10 US cents. The JSE USD Equities Index closed with a fall of 0.36 points at 182.71.
Balanced price changes on TTSE – Monday
Market activity on the Trinidad & Tobago Stock Exchange ended on Monday with 18 securities trading against 11 on Friday, leading to 6 advancing, 5 declining and 7 remaining unchanged.
At close of the market, the Composite Index rose 1.28 points to 1,354.08. The All T&T Index lost 3.45 points to 1,795.58, while the Cross Listed Index gained 0.84 points to close at 123.15 as trading ended with 107,045 shares for $2,201,412, compared to 349,640 shares for $4,836,075 on Friday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with higher bids than their last selling prices and none with a lower offer.
Stocks ending with gains| At the close of the market, Clico Investments concluded trading with 9,610 shares and rose 1 cent to $23.07, First Citizens added 10 cents and ended at $38.60, after exchanging 6,339 shares, JMMB Group increased 16 cents to close at a 52 weeks’ high of $1.95, with 12,426 stock units changing hands. NCB Financial Group rose 4 cents and completed trading of 29,676 stock units at $8.45, Prestige Holdings closed with a gain of 41 cents and ended at $9.50, after exchanging 100 shares and Sagicor Financial gained 7 cents to settle at $9.22, with 5,230 units changing hands.
Stocks closing with losses| Ansa Mcal concluded trading of 877 units with a loss of 9 cents and settled at $55.24, Calypso Macro Index Fund lost 52 cents and completed trading of 200 shares at $15.30, Massy Holdings fell 50 cents and completed trading at $55, with 6,690 stock units changing hands. Trinidad & Tobago NGL lost 50 cents and ended at $26.50, after exchanging 8,210 shares and Unilever Caribbean shed 5 cents and settled at $26.25, with 12,730 units changing hands.
Stocks closing firm| Agostini’s ended at $23.50, after exchanging 57 shares, CinemaOne completed trading of 500 units at $9.95, First Caribbean International Bank closed at $8.31, after exchanging 1,000 shares, Grace Kennedy settled at $3.30, with 10,042 units changing hands. Republic Financial Holdings completed trading of 2,803 stock units at $121.12, Scotiabank ended at $62.56, after exchanging 100 shares and West Indian Tobacco exchanged 455 shares and closed at $112.
Prices of securities trading for the day are those at which the last trade took place.
Wigton IC TOP 10 stock sets to double
Wigton Windfarm is the third highest ranked IC Insider.com TOP 10 main market stock for this coming week, with the potential to double in price before too long, after listing.
The stock lists on Wednesday on main market of the Jamaica Stock Exchange. The IPO was priced at 50 cents per share, with a PE of 8.3 times, normalized earnings for the year to March 2019. With the heavy oversubscription, the top investors will get just a fraction of what they applied for and will push the price higher to get a reasonable volume.
IC Insider.com’s TOP 10 for the coming week has five new listings as some company results encouraged increased buying and reduced selling in a number of cases in the past week.
The Junior Market list has two new listings, Jetcon Corporation and tTech that rejoin the group with falling prices while Elite Diagnostic jumped to $4 and ISP Finance climbed to $16, both on the back of good March quarter results and gave way to the two new listings.
JMMB Group surged in price and move out the TOP 10, following an announcement that the group will invest a minimum of US$200 million in Alignvest Acquisition ll Corporation, a Toronto Stock Exchange traded Special Purpose Acquisition Corporation. Also moving on are Sygnus Credit Investments with a rising price and Grace Kennedy that was edged out by Sagicor Group. Caribbean Cement fell in price to $69 and Scotia Group squeezed into the top list.
The three leading Junior Market stocks for the coming week are, Caribbean Producers with projected gains of 233 percent, Lasco Financial with likely gains of 210 percent, followed by Iron Rock with potential gains of 208 percent. Of the three on Lasco Financial seems likely to break out after they release full year results later this month.
Radio Jamaica with potential gains of 180 percent leads main market stocks, followed by Sterling Investments with 151 percent likely gain and Wigton Windfarms in third spot with the potential to gain 140 percent within twelve months.
The main market, closed the week with the overall PE at 14.4 and the Junior Market at just 11.1, with the latter having moved up from 10.4 and the end of the prior week. The PE ratio for Junior Market Top 10 stocks averages 6.8 and the main market PE is now 8.6. These levels, point to the huge 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 39 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.
Trading picks up on TTSE – Thursday
Activity picked up with a big improvement in trading resulting in one of the larger volume and value exchanged on the Trinidad & Tobago Stock Exchange in recent times but prices softened.
The market closed on Thursday with 1,098,161 units with a value of $8,401,452 changing hands compared to just 210,097 valued at $2,252,807 changing hands on Wednesday.
Trading took place in 14 securities against 12 on Wednesday, with 3 advancing, 8 declining and 3 remaining unchanged and resulting in the Composite Index declining 1.79 points to end at 1,353.11. The All T&T Index fell 4.06 points to 1,799.21 and the Cross Listed Index edged 0.07 points higher to close at 122.37.
IC bid-offer Indicator|The Investors Choice bid-offer ended at 1 stock with the bid higher than the last selling price and none closing with a lower offer.
Stocks ending with gains| At the close of the market, JMMB Group gained 20 cents and completed trading of 284,342 stock units at $1.90 after the group reported that they intend to invest in the new Sagicor company that plans on trading over the existing Sagiocr Financial. Clico Investments added 1 cent and settled at $23.06, after exchanging with 10,176 units and Republic Holdings gained 89 cents and completed trading 677 shares in closing at $121.
Stocks closing with losses| First Caribbean International Bank closed with a loss of 3 cents at $8.31, after exchanging 5,799 shares, First Citizens shed 75 cents and ended at $38.50, after trading 646 shares, Grace Kennedy lost 5 cents and settled at $3.30, with 4,800 units changing hands. Guardian Holdings ended trading 5 cents lower to close at $18.45, after exchanging 74,388 shares, Massy Holdings dropped $1.50 and completed trading of 2,792 shares at $55.50, NCB Financial Group lost 4 cents to close at $8.41 in trading 10,623 shares. Sagicor Financial closed with a loss of 10 cents at $9, trading of 573,786 shares and Trinidad & Tobago NGL lost 50 cents and ended with 6,376 shares traded, at $27.50.
Stocks closing firm| National Flour completed trading of 114,542 shares at $1.75, Scotiabank traded 567 shares to close at $62.56 and Unilever Caribbean traded 8,647 shares at $26.30.
Prices of securities trading for the day are those at which the last trade took place.
4 TTSE stocks rise 3 fall – Monday
Market activity on the Trinidad & Tobago Stock Exchange ended on Monday with trading took place in 15 securities against 17 on Friday, with 4 advancing, 3 declining and 8 remaining unchanged.
At the close, the Composite Index lost 4.03 points to end at 1,355.93 the All T&T Index declined 10.44 points to 1,802.70 and the Cross Listed Index added 0.35 points to close at 122.66.
Trading ended with 121,618 valued at $3,007,849 compared to 770,667 shares at a value of $10,507,437 changing hands on Friday.
IC bid-offer Indicator|The Investors Choice bid-offer ended at 3 stocks with bids higher than their last selling prices and 2 closed with lower offers.
Stocks ending with gains| At the close of the market, Clico Investments added 5 cents and settled at $23.05, with 20,000 units changing hands, Guarding Media preference share rose 94 cents and ended at a 52 weeks’ high of $66, after exchanging just 5 shares. Trinidad Cement completed trading of 1,940 stock units and rose 4 cents to end at $2.80 and Sagicor Financial closed with a rise of 35 cent at $9.50, in trading of 1,295 shares.
Stocks closing with losses| First Citizens closed with a loss of $2 to end at $38, after exchanging 3,528 shares, Scotiabank traded 4,000 shares and lost 32 cents to close at $63 and Trinidad & Tobago NGL lost $1.10 in trading 40,266 units to end at $29.
Stocks closing firm|Angostura Holdings completed trading at $15.80, with 70 stock units changing hands, CinemaOne traded 147 shares and closed at $9.95, Grace Kennedy settled at $3.35, with 5,405 units, Guardian Holdings closed at $18.51, after exchanging 13,240 shares, JMMB Group completed trading at $1.69, with 11,800 stock units changing hands. Massy Holdings completed trading of 1,040 units at $55, National Enterprises traded 5,000 shares at $6.85 and Republic Financial Holdings close at $120.11 in trading 4,687 shares.