Jamaican Stocks made another sizable push higher in trading on the main market of the Jamaica Stock Exchange on Wednesday with the market, indices rising more than 2,000 points gained on Tuesday.
At the close of trading, the JSE All Jamaican Composite Index jumped 3,483.21 points to 424,499.16 and the JSE Index climbed a strong 3,165.22 points to 386,748.97.
At the close of the main and US markets, 34 securities traded, compared to 33 on Tuesday and leading to 15 advancing, 9 declining and 10 closing unchanged. Caribbean Cement and Supreme Ventures ended at 52 weeks’ closing high.
Trading ended with 84,511,402 units at $295,941,707 compared to 3,652,445 units at $151,937,909, changing hands on Tuesday. Radio Jamaica led trading with 84.5 million shares, accounting for 92 percent of the day’s volume in the main market, followed by JMMB Group 7.5% preference share with 1.4 million units or 1.7 percent of the volume traded and Supreme Ventures with 945,125 shares amounting to one percent of the overall volume.
Market activity ended with an average of 2,560,952 units valued at an average of $8,967,930 for each security traded. In contrast to 121,748 units for an average of $5,064,597 on Tuesday. The average volume and value for the month to date, amounts to 468,945 shares at $10,386,003 for each security traded, in contrast to 347,829 shares at $10,473,147 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 13 stocks ending with bids higher than their last selling prices and none closing with a lower offer.
In main market activity, Barita Investments closed with a rise of $1.49 at $42.49, with 35,029 shares trading, Berger Paints gained 25 cents to $20.25, in exchanging 94,100 stock units, Caribbean Cement jumped $4 to a record close of $59, with 544,203 shares changing hands. Eppley traded 355 shares and jumped $1.07 to $10.57, Jamaica Broilers dropped 40 cents and finished trading 231,810 units at $31.50, Jamaica Producers lost 45 cents to close at $21.55, with 15,466 shares changing hands, JMMB Group rose 99 cents trading of 342,433 shares to close at $31.99. Kingston Properties lost 60 cents to settle at $6, trading 1,673 units, Kingston Wharves jumped $1.99 and finished at $72, with an exchange of 80,966 stock units, Mayberry Investments lost 49 cents trading 287,560 shares to close at $8.01, NCB Financial Group gained 30 cents trading 416,046 shares at $145. Pulse Investments gained 49 cents to finish at $2.99, with 183,602 shares trading, Sagicor Group rose 65 cents to settle at $39.65, with 334,231 shares changing hands. Seprod fell 45 cents to close at $43 in trading 53,653 shares and Supreme Ventures rose $1.50 to finish at a 52 weeks’ closing high of $27.50, with an exchange of 945,125 units.
Trading in the US dollar market resulted in 160,021 units for US$36,774 changing hands with Proven Investments traded 160,021 units at 22.99 US cents. The JSE USD Equities Index lost 0.08 points to close at 179.78.
Trading climbs on TTSE -Tuesday
The number of securities trading on the Trinidad & Tobago Stock Exchange on Tuesday remained at 15 securities the same as on Monday, but the volume and value of trades jumped.
At close of the market, with 6 advancing, 3 declining and 6 remaining unchanged.
The Composite Index fell 1.42 points to 1,329.64. The All T&T Index gained 0.77 points to 1,764.79, while the Cross Listed Index shed 0.50 points to close at 120.71.
Trading resulted in a mere 728,969 shares valued $9,898,339 compared to 47,724 shares valued $2,477,784 changing hands, on Monday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 5 stocks with bids higher than their last selling prices and 3 with lower offers.
At the close of the market, stocks ending trading with gains| Ansa Mcal concluded trading of 91 units and gained 22 cents, to end at $55.24, Clico Investments rose 10 cents to end at $21.50, with 206,838 stock units changing hands, National Flour increased 5 cents and ended at $1.65, with an exchange of 1,450 units. Republic Financial Holdings climbed 76 cents and completed trading of 6,734 shares at $118.76, Scotiabank closed with a gain of 2 cents at $63.53, with 656 stock units changing hands and Trinidad Cement gained 2 cents and completed trading of 969 shares at $2.52.
Stocks closing losses| First Caribbean International Bank ended trading 10 cents lower at $8.25, with 21,000 units changing hands, Massy Holdings concluded trading with a loss of 25 cents and settled at $54.75, after exchanging 1,616 shares and Trinidad & Tobago NGL traded 94,939 units with a loss of 1 cent to end at $30.25.
Stocks closing firm| Angostura Holdings closed trading at $15.80, with 440 stock units changing hands, First Citizens completed trading of 1,007 shares, at $35.65, Grace Kennedy endded at $3.25, with 373,689 stock units changing hands. Sagicor Financial settled at $8.80, after exchanging 19,050 shares, Unilever Caribbean closed at $26, trading 50 shares and West Indian Tobacco ended at $96.06, with 440 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.
Grace back in IC TOP 10
General Accident returned to the Junior Market TOP 10 list along with Main Event while Grace Kennedy returns to the TOP 10 main market list at the expense of Pulse.
Jamaican Teas price moved up to $3.97 from $3.50 at the close of the previous week and Caribbean Cream came in for some buying during the past week, pushing the price to $6.60 and out of the top flight of Junior Market stocks. In the main market, Grace Kennedy slipped in price to close the week at $59.75 and that was enough for it to edge its way back in the TOP main market stocks.
The three leading Junior Market stocks are Iron Rock with potential gains of 300 percent, Caribbean Producers 281 percent up from last week, as the stock slipped to $4.20 and Lasco Financial with potential gains of 211 percent.
The three leading main market stocks are, Victoria Mutual investments with 152 percent likely gain, is on top, followed by Carib Cement with potential to gain 150 percent for the year down from 172 percent in the prior week and Sterling Investments with 150 percent.
The main market, closed the week with the overall PE at 13.3 and the Junior Market at just 10.6. The PE ratio for Junior Market Top 10 stocks average 6.7 and the main market PE is now 8.4. These levels, point to the huge upside for the TOP 10 stocks over the next 12 months.
The TOP 10 stocks now trade at an average discount of 37 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 37 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.
Decline for TTSE – Friday
The number of securities trading on the Trinidad & Tobago Stock Exchange on Friday jumped to 19, compared to 16 trading on Thursday.
At close of the market, 5 securities gained, 5 declined and 9 remained unchanged. Two stocks ended at new 52 weeks’ closing highs.
The Composite Index lost 0.63 points to 1,330. The All T&T Index shed 0.54 points to 1,761.67, while the Cross Listed Index fell 0.10 points to close at 121.24.
Trading resulted in 497,591 shares at a value of $8,031,185 compared to 179,300 shares at a value of $3,629,056 changing hands, on Thursday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 4 stocks with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, stocks ending trading with gains| Calypso Macro Index Fund traded 138 shares and rose 45 cents, to close at $14.45, Clico Investments finished 20 cents higher and settled at $21.70, with 73,042 units trading. First Citizens rose 1 cent and ended at a 52 weeks’ closing high of $35.61, after exchanging 5,187 shares, Grace Kennedy added 12 cents and settled at $3.25, with an exchange of 231,405 units and Massy Holdings rose 1 cent and completed trading at a 52 week’s closing high of $53.01, with 200 stock units changing hands.
Stocks closing losses| National Enterprises shed 4 cents to settle at $7.75, trading 1,354 units, National Flour lost 5 cents and ended at $1.60, after exchanging 791 shares, Republic Financial Holdings ended trading 75 cents lower and ended at $118, in exchanging 2,875 shares. Sagicor Financial concluded trading with a loss of 10 cents at $8.90, with 1,606 stock units changing hands and Trinidad Cement lost 5 cents and ended at $2.50, after exchanging 2,000 shares.
Stocks closing firm| Angostura Holdings settled at $15.80, with 2,219 units trading, Ansa Mcal closed at $55.02, after exchanging 3,000 shares, Ansa Merchant Bank ended at $38, after exchanging 100,000 shares, First Caribbean International Bank concluded at $8.35, after exchanging 400 shares. NCB Financial Group ended at $8.35, after trading 65,596 shares, One Caribbean Media completed trading at $10.40, with 185 stock units changing hands, Scotiabank settled at $63.51, with 2,446 units crossing through the market, Trinidad & Tobago NGL concluded trading at $30.25, after exchanging 550 shares and West Indian Tobacco settled at $96.06, with 4,597 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.
Winners outclass losers on TTSE – Wednesday
Market activity on Wednesday ended with 12 securities trading on the Trinidad & Tobago Stock Exchange similar to the number trading on Tuesday, with 6 advancing, 4 declining and 2 remaining unchanged.
At close of the market, the Composite Index fell 0.29 points on Wednesday to 1,330.19. The All T&T Index shed 2.29 points to 1,763.13, while the Cross Listed Index rose 0.24 points to close at 121.09.
Trading resulted in 198,306 shares at a value of $8,014,634 changing hands, compared to 185,602 shares at a value of $2,280,449, on Tuesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 5 stocks with bids higher than their last selling prices and 4 with lower offers.
At the close of the market, stocks ending trading with gains| Clico Investments finished 40 cents higher and completed trading of 36,243 stock units at $21.50, First Caribbean International Bank rose 1 cent to settle at $8.36, with an exchange of 7,826 units, Guardian Holdings added 25 cents and settled at $18.50, with 100 units changing hands. JMMB Group gained 2 cents to end at $1.78, after exchanging 30,000 shares, Sagicor Financial rose 25 cents and ended at $8.90, in exchanging 10,311 shares and Scotiabank closed with a gain of 6 cents and completed trading of 60,309 stock units at $63.58.
Stocks closing losses| First Citizens closed with a loss of 1 cent at $35.51, after exchanging 23,000 shares, Republic Financial Holdings lost $1.24 to end at $118.76, in trading just 35 shares. Trinidad & Tobago NGL shed 1 cent and settled at $30.05, with 8,341 units trading and West Indian Tobacco lost 3 cents and completed trading at $96, with 22,000 stock units changing hands.
Stocks closing firm| Massy Holdings ended at $53, after exchanging 100 shares and Prestige Holdings settled at $7.55, with 41 units trading.
Prices of securities trading for the day are those at which the last trade took place.