Pop in T&T market indices on Wednesday

June 2, 2021 by

Market activity ended on Wednesday with a rise in all three indices after 70 percent fewer shares traded carrying, with a 66 percent lower value than on Tuesday, resulting in an even number of stocks falling and rising at the close of the Trinidad and Tobago Stock Exchange.
At the close, 19 traded compared to 20 on Tuesday, with three stocks rising, three declining and 13 remaining unchanged. The Composite Index popped 5.72 points to 1,385.62, the All T$T Index gained 0.76 points to 1,876.45, and the Cross-Listed Index rose 1.54 points to end at 120.57.
A total of, 578,611 shares traded, for $7,318,842 compared to 1,948,761 units at $21,671,147 on Tuesday.
Trading averaged 30,453 units at $385,202 compared to 97,438 at $1,083,557 on Tuesday. The average trade for the month to date amounts to 64,804 units at $743,333. May averaged 25,935 units at $406,593.
The Investor’s Choice bid-offer indicator shows no stock ending with bids higher than its last selling prices and three with lower offers.
At the close, Agostini’s ended at $24.40 with 80 units clearing the market, Angostura Holdings lost 5 cents in closing at $14.95 after exchanging 2,000 stocks, Ansa McAL remained at $56.75 after a transfer of 4,897 stock units. Clico Investment Fund popped $1.46 to end at $26.96 with 75,780 stock units changing hands, CinemaOne remained at $4 in switching ownership of 2,900 shares, First Citizens Bank remained at $50 with 469 stocks crossing the exchange. FirstCaribbean International Bank gained 39 cents to end at $6.49, trading 120 shares, Grace Kennedy closed at $5.25 with 70,008 shares changing hands, Guardian Holdings rose 49 cents to close at a 52 weeks’ high of $34 in switching ownership of 16,040 stocks. JMMB Group lost 6 cents in closing at $1.75 with a transfer of 80,103 stock units, Massy Holdings ended at $69.76 after exchanging 50 units, National Enterprises closed at $3 with the swapping of 3,030 stocks. NCB Financial Group remained at $8.50, trading 291,105 shares, One Caribbean Media was unchanged at $4.80 with 500 stocks clearing the market, Prestige Holdings closed at $6.55 in transferring 1,167 shares. Republic Financial Holdings dipped 5 cents to $134.95 after 19 stock units cleared the market with . Scotiabank ended at $57 after exchanging 23,938 shares, Trinidad & Tobago NGL closed at $17.50 in trading 6,105 stocks and Unilever Caribbean finished at $16.33 with the swapping of 300 stocks.

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

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

Market slips into June

June 1, 2021 by

Market activity ended on Tuesday with the market declining, as more stocks declined than rose, with an exchange of 69 percent fewer shares valued 32 percent less than Monday on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index shed 950.05 points to 452,665.61, the JSE Main Index declined 1,739.04 points to end at 4420,359.52 and the JSE Financial Index lost 0.33 points to settle at 104.19.
A total of 48 securities traded, up from 45 on Monday, with 15 stocks rising, 22 declining and 11 remaining unchanged. The PE Ratio averages 16.2 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 7,206,318 shares trading for $192,089,830 versus 23,167,260 units at $283,034,981 on Monday. Transjamaican Highway led trading with 31.9 percent of total volume for an exchange of 2.30 million shares, followed by NCB Financial Group with 11.4 percent for 821,848 units and Pulse Investments with 11.3 percent for 814,035 units.
Trading averaged 150,132 units at $4,001,871, compared to 514,828 shares at $6,289,666 on Monday. May closed with an average of 439,937 units at $4,698,961.
Investor’s Choice bid-offer indicator reading has 13 stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments climbed 29 cents to $85.59 in an exchange of 5,249 shares, Caribbean Cement rose 55 cents to settle at $90 trading 13,629 stocks, First Rock Capital shed 35 cents to close at $15.95 after trading 12,696 stocks. Guardian Holdings dropped $16 in closing at a new closing low of the market of $745 in the swapping of 39,661 shares, Jamaica Broilers shed 88 cents to $33.50 with 47,663 stocks changing hands, Jamaica Producers declined 50 cents to $24 with 21,861 units clearing the market. Jamaica Stock Exchange fell 31 cents to close at $17.05 in exchanging 35,471 stock units, JMMB Group shed 40 cents to finish at $32 with the swapping of 188,889 units, Key Insurance gained 21 cents to close at $5.28 in transferring 9,670 shares. Mayberry Investments rose 33 cents to $5.60 after crossing the exchange with 498 units, Mayberry Jamaican Equities closed 65 cents higher at $8.85 in trading 2,026 stocks, NCB Financial Group picked up 20 cents in closing at $140 with 821,848 shares changing hands. Palace Amusement shed $10 to end at $910 with 199 shares crossing the exchange, PanJam Investment declined $3.70 to close at $66 in transferring 7,312 units, Proven Investments lost 50 cents to close at $34.50 with 30,721 stock units clearing the market. Sagicor Real Estate Fund gained 20 cents ending at $8.50 and exchanging 2,000 shares. Seprod fell $1.30 to end at $72.80, with 55,443 shares crossing the exchange, Sygnus Credit Investments lost 20 cents to close at $15.05 in trading 510,516 stock units and Wisynco Group ended 29 cents lower at $15.50 in an exchange of 92,649 stocks.
In the preference segment, Eppley 8.25% gained 19 cents to close at $6.99 in trading 50 stocks.

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

Trading gains for Trinidad Stock Exchange

June 1, 2021 by

Trading volume surged 251 percent with a 198 percent jump in the value over Friday’s levels as NCB Financial accounted for $11 million of the total value of stocks traded and Guardian Holdings $4.6 million, on a day when 20 securities traded, up from 18 on Friday, with five rising, two declining.

NCB Financial Group traded the most shares on the TTSE on Tuesday.

At the close, the Composite Index rose 1.63 points to 1,379.90, the All T&T Index added 1.67 points to end at 1,875.69 and the Cross-listed index added 0.37 points to end at 119.03.
A total of 1,948,761 shares traded for $21,671,147, up from 555,090 units at $7,262,767 on Friday.
Trading averaged 97,438 units at $1,083,55, up from 30,838 shares at $403,487 on Friday.  April averaged 25,935 units at $406,593.
The Investor’s Choice bid-offer indicator shows one stock ending with a higher bid than the last selling price and three with lower offers.
At the close, Agostini’s traded 2,000 shares at $24.40, Angostura Holdings settled at $15 in switching ownership of 1,222 shares, Ansa Mcal remained at $56.75 while exchanging 7,417 units, Clico Investment Fund ended at $25.50 in exchanging 101,147 units, First Citizens Bank closed at $50 in exchanging 9,404 units. FirstCaribbean International Bank added 4 cents to close at  $6.10 with 2933,587 units crossing the market, Grace Kennedy added 1 cent to end at $5.24, after 48,260 shares changed hands, Guardian Holdings gained 51 cents to close at a 52 weeks’ high of $33.51 with 137,551 shares crossing the exchange. JMMB Group rose 7 cents to $1.81 after exchanging 8 stock units, L.J Williams B share traded 47,061 stock units at $1.35, Massy Holdings stayed at $69.76 after exchanging 1,189 shares. NCB Financial Group close at $8.50 in an exchange of 1,303,500 units, National Enterprises traded 20,281 stock units at $3 after rising 4 cents, National Flour exchanged 218,348 units at $2.30, Republic Financial Holdings closed at $135 after trading 48 stock units, Scotiabank closed at $57, with 16,069 stock units clearing the market, Trinidad & Tobago NGL lost $1 to close at $17.50 after trading 26,322 stock units. Trinidad Cement ended at $3.30, with an exchange of 39 stock units, Unilever Caribbean closed at $16.33 after exchanging 8,297 stocks and West Indian Tobacco lost 1 cent to end at $32.50 after trading 305 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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Sterling dominates Main Market trading

May 31, 2021 by

Sterling Investments accounted for 50 percent of the total volume of shares trading on Monday on the Jamaica Stock Exchange Main Market, after the overall trading saw an 81 percent drop in volume compared to Friday and a 53 percent fall in the value of stock changing hands.
The All Jamaican Composite Index shed 760.15 points to 453,615.66, the JSE Main Index gained 32.01 points to end at 422,098.56 and the JSE Financial Index lost 0.22 points to settle at 104.52.
Trading ended with 45 securities compared to 49 on Friday, with 16 stocks rising, 23 declining and six remaining unchanged. The PE Ratio ended with an average of 16.1 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 23,167,260 shares trading for $283,034,981 versus 119,750,700 units at $599,497,233 on Friday. Sterling Investments led trading with 50 percent of total volume after trading 11.58 million shares followed by Sagicor Group 12.2 percent with 2.84 million units, Pulse Investments controlled 11.4 percent, with 2.63 million units, Transjamaican Highway took 6.3 percent of the trade with 1.45 million units and Wigton Windfarm took 5.2 percent for an exchange of 1.20 million units.
Trading averaged 514,828 units on Monday at $6,289,666, compared to 2,443,892 shares at $12,234,637 on Friday. Trading month to date averages 439,937units at $4,698,961, in contrast to 436,367 units at $4,623,132 on Friday. April closed with an average of 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator shows 16 stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments fell 55 cents to end at $85.30 in exchanging 1,121 shares, Caribbean Cement rose $1.45 to $89.45 with 10,453 stocks crossing the market, Grace Kennedy closed $1.54 higher at $89.95 with 63,740 stock units changing hands. Guardian Holdings declined $2 to $761 in trading 47,275 shares, Jamaica Broilers gained 38 cents to close at $34.38 with an exchange of 7,787 units, Jamaica Producers finished 50 cents higher at $24.50, after 102,993 stocks cleared the market. Jamaica Stock Exchange gained 36 cents to close at $17.36 in trading 1,238 units, Key Insurance lost 28 cents to settle at $5.07 in transferring 26,746 stocks. Kingston Wharves picked up 30 cents in ending at $46.50 with 2,038 units crossing the exchange, Mayberry Investments lost 58 cents to end at $5.27 with 10,297 shares changing hands, NCB Financial lost 20 cents to close at $139.80 after investors switched 100,721 shares, Palace Amusement dropped $50 to $920 with 233 shares clearing the market, PanJam Investment advanced $2.70 to $69.70 in switching ownership of 22,494 units. Pulse Investments declined 40 cents to $4.40 in swapping 2,634,338 stocks, Sagicor Group slipped 25 cents to end at $52.50 with 2,835,484 stocks clearing the market, Seprod shed 90 cents to close at $74.10 with 13,279 units changing hands. Sygnus Credit Investments ended 25 cents lower at $15.25 in an exchange of 64,490 shares and Victoria Mutual Investments fell 45 cents to $6.51 after 85,621 stocks crossed the market.
In the preference segment, Eppley 8.75% preference share rose 77 cents to $7.28 after trading 1,330 stocks.
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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

ICTOP10 – Guardian a better buy now

May 31, 2021 by

The average gains projected for the Junior Market fell from 225 percent last week to 218 percent as the prices of a number of the top 10 stocks rose during the past week, but with no new entrant to either Top 10 list. The average projected gains for the Main Market stocks move up from 162 to 169 percent helped in a big way by the fall of Guardian Holdings from $790 last week to $763.  

Guardian Holdings hit a low of J$750 on Friday.

The price slippage for Guardian shares below $790 provides investors a better value proposition, with the PE at 8.3 times, rather than 8.6 that the NCB Global offer price for the 2 million shares they are offering to the public.
The markets continue to face resistance this past week, with the Junior Market is trading at the very top of its upward sloping channel while the JSE Main Market sits a few thousand points away and facing turbulence in getting to the peak. With the two Lasco companies releasing results after the market closed on Friday it will be interesting to see what investors do with their prices. If they rise appreciable the resistance is likely to be broken and clear the way to move to a new yearly high in the weeks ahead.
The Junior Market closed the week at 3,329.50, up slightly from 3,324 at the end of the previous week. The JSE All Jamaica Composite Index ended at 454,375.81 on Friday, marginally lower than 454,479.33 at the close of the previous week.
The top three stocks in the Junior Market, remain unchanged for this week, with Elite Diagnostic heading the list, followed by Caribbean Assurance Brokers and Caribbean Producers, with the potential to gain between 255 to 303 percent. The top three Main Market stocks are Radio Jamaica in the number one spot, followed by PanJam Investments and Wisynco, with expected gains of 149 to 371 percent.
This week’s focus: RJR suffered badly from the effects of the curtailment of business in 2020 after showing signs of recovering from the prior years’ slow growth and high cost of operations. In 2020 they moved to deal with the pressure the fallout had and showed marked improvement in the second half of the calendar year. Importantly, there was significant cost cutting with the third quarter showing the effects with vastly improved results.
The impression given in the group’s December quarterly report is that the sharp fall in direct operating, selling and marketing costs were directly related to the fall off in revenues. That of course is only part of the story. The fall in cost has been far greater than the reduction in revenues suggesting that actual cost cutting was effected. ICInsider.com confirmed that the group that made some staff redundant also made changes by discontinuing unprofitable programs and publications. “Regarding cost reductions, some changes in the distribution network and workflows are permanent,” this publication was informed but revenues for some of the newspapers continue to run below pre Covid-19 levels.
The targeted PE ratio for the market averages 20 based on profits of companies reporting full year’s results, up to the second quarter of 2022. Fiscal 2020-21 ended March 2021 with the average PE at 17 for Junior Market stocks and 19 times for the Main Market.
The Junior Market with an average PE 12.4 based on ICInsider.com’s 2021-22 earnings, is currently trading below the target, as well as the recent historical average of 17, this represents another 37 percent rise in the market that would equate to a rise of 61 percent to March 2022. The Junior Market Top 10 stocks average a mere 6.4 at just 52 percent of the market average, indicating substantial gains ahead. The JSE Main Market ended the week with an overall PE of 7.8, some distance from the 19 the market ended March, suggesting a 17 percent rise from now to March 2022. The Main Market TOP 10 trades at a PE of 7.8 or 48 percent of the PE of that market and well off the potential of 20.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. 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.

 

Filed Under: Buy Rated Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Stocks slide but market rises

May 28, 2021 by

Sagicor Select Manufacturing and Distribution Fund dominated the volume traded on Friday, accounting for an 871 percent rise in the number of shares traded, with the value jumping 363 percent higher than on Thursday, on a day when declining stocks beat out rising ones two to one on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index rose 1,817.92 points to 454,375.81, the JSE Main Index gained 754.27 points to end at 422,066.55 and the JSE Financial Index gained 0.44 points to settle at 104.74.
At the close, 49 securities traded, compared to 48 on Thursday, with 13 stocks rising, 28 declining and eight ended unchanged. The PE Ratio ended with an average of 16.2 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 119,750,700 shares trading for $599,497,233 versus 12,330,202 units at $129,542,064 on Thursday. Sagicor Select Manufacturing and Distribution Fund accounted for 89.8 percent of total volume, with 107.57 million shares, followed by Sagicor Select Financial Fund with 2.9 percent for 3.49 million units, Transjamaican Highway with 2.2 percent for 2.58 million and NCB Financial Group with 1.7 percent for 2.13 million units changing hands.
Trading averages 2,443,892 stock units at $12,234,637  versus 256,879 shares at $2,698,793 on Thursday. Trading for the month to date averages 436,367 units at $4,623,132, in contrast to 326,458 units at $4,206,413 on Thursday. Trading in April ended with an average of 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints advanced $1.80 to $16 with the swapping of 3,852 stocks, Carreras lost 25 cents to end at $10.25 with 87,730 stock units crossing the exchange, Eppley Caribbean Property Fund fell $2 to $42 after a transfer of 100 units, First Rock Capital gained 20 cents to settle at $16.39 with 16,146 stocks clearing the market. Grace Kennedy ended 59 cents lower at $88.41 with 36,654 units crossing the market, Guardian Holdings dropped $7 in closing at $763 in trading 192,040 stocks, Jamaica Broilers slipped 35 cents to $34 in transferring 249,442 shares. Jamaica Producers fell 20 cents to end at $24 after an exchange of 14,192 stock units, Jamaica Stock Exchange declined 90 cents to finish at $17 with 141,930 units changing hands, JMMB Group rose 48 cents to $32.48 in transferring 96,740 shares. Kingston Wharves lost 30 cents to close at $46.20 with an exchange of 13,784 shares. Margaritaville slid 75 cents to $14.25 in switching ownership of 7,698 units, PanJam Investment rose 95 cents to close at $67 in transferring 6,393 stocks. Pulse Investments gained 44 cents to end at $4.80 with 706,754 units crossing the market, Sagicor Group rose 74 cents to close at $52.75 in switching ownership of 12,435 stocks, Seprod advanced $1.49 to $75 after clearing the market with 27,751 shares, Sterling Investments shed 30 cents to close at $3 with an exchange of 94,051 stocks, Victoria Mutual Investments declined 5 cents to close at $6.96 after trading 137,328 stock units and Wisynco Group rose 65 cents to $15.75 with 28,000 shares changing hands.
In the preference segment, Community & Workers Credit Union preference share shed 21 cents to close at $1.69 in trading 119,727 units. Eppley 7.5% preference shares declined $3.81 to end at $7.19 with 548 units changing hands and Eppley 8.25% lost 19 cents to close at $6.80, trading 2,024 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Big gains for Trinidad Stock Exchange

May 28, 2021 by

Big gains in the price so First Citizens Bank and Trinidad & Tobago NGL push the All T&T Index up 21.86 points to 1,875.02 at the close of market activity on Friday, with the market rising after 161 percent more shares carrying 39 percent greater value than traded on Thursday on the Trinidad and Tobago Stock Exchange.

First Citizens Bank gained $3.20 to close at $49.69 on Friday.

a total of 18 stocks traded on Friday, up from 13 on Thursday, with seven rising, five declining and six closing unchanged.
The Composite Index gained 7.82 points to end at 1,378.27 and the Cross-Listed Index fell 1.01 points to close at 118.66.
In total 555,090 shares traded at a value of $7,262,767 compared to 212,551 units at $5,235,386 on Thursday.
An average of 30,838 units traded at $403,487 compared to 16,350 at$402,722 on Thursday. The average trade month to date is 25,935 units at $406,593 versus 25,631 units at $406,786. The average trade for April amounts to 11,472 units at $184,959.
The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Angostura Holdings settled at $15 after trading of 10,000 shares, Ansa Mcal ended at $56.75 while exchanging 872 units, Clico Investment Fund exchanged 50,814 units at $25.50,  First Citizens Bank increased $3.20 to close at $50 in exchanging 8,447 units. FirstCaribbean International Bank dropped 4 cents to close at a 52 weeks’ low of $6.06 with 3,587 units crossing the market, Grace Kennedy slipped 1 cent to $5.24, after 1,980 shares changed hands, Guardian Holdings gained 50 cents to close at $33 with 59,092 shares crossing the exchange. JMMB Group fell 7 cents to $1.74 after trading 273,813 stock units, L.J Williams B share shed 5 cents in closing at $1.35 trading 10,000 stock units, Massy Holdings stayed at $69.76 after exchanging 777 shares. NCB Financial Group lost 25 cents to close at $8.50 in an exchange of 78,000 units, One Caribbean Media rose 30 cents to $4.80 in exchanging 500 stock units, Point Lisas climbed 10 cents to $3.10 while trading 1,051 units. Republic Financial Holdings stayed at $135 in trading 2,925 stock units, Scotiabank closed at $57, with 22,521 stock units clearing the market, Trinidad & Tobago NGL climbed 77 cents to $18.50  trading 300 stock units. Trinidad Cement rose 5 cents to $3.30, with an exchange of 10 stock units and Unilever Caribbean inched up 1 cent in closing at $16.33 and exchanging 30,401 stocks.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

Steady trading for JSE Main Market

May 27, 2021 by

Market activity ended on Thursday with only the All Jamaican Composite rising after more stocks advanced than declined, with an exchange of 55 percent fewer shares valued 83 percent lower than on Wednesday at the close of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index gained 109.54 points to 452,557.89, the JSE Main Index shed 184.88 points to 421,312.28 and the JSE Financial Index lost 0.05 points to settle at 104.30.
Trading ended with 48 securities, similar to Wednesday, with 23 stocks rising, 17 declining and eight remaining unchanged. The PE Ratio averages 16.3 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 12,330,202 shares trading for $129,542,064 versus 27,181,743 units at $767,234,675 on Wednesday. Pulse Investments led trading with 25.6 percent of total volume after an exchange of 3.16 million, followed by Wigton Windfarm with 18.3 percent for 2.26 million units and Jamaica Broilers 8.6 percent with 1.06 million.
Trading averaged 256,879 units at $2,698,793, compared to 566,286 shares at $15,984,056 on Wednesday. Trading month to date averages 326,458 units at $4,206,413, in contrast to 330,401 units at $4,291,851 on Wednesday. April closed with an average of 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Berger Paints fell $2.19 to $14.20, with an exchange of 14,388 shares. Caribbean Cement shed $1.48, ending at $88 in transferring 13,449 stock units, Eppley Caribbean Property Fund advanced $2 to close at $44 with 275 units changing hands, First Rock Capital gained 29 cents to close at $16.19 with 1,948 stock units crossing the market. Grace Kennedy rose $1 to $89 after exchanging 30,663 stocks, Jamaica Broilers closed 35 cents higher at $34.35 in transferring 1,062,269 shares, Jamaica Producers rose $1.10 to $24.20 with 2,972 units changing hands. JMMB Group shed 91 cents to finish at $32 with a transfer of 56,649 stocks, Mayberry Investments picked up 30 cents to end at $5.95 with investors switching ownership of 50,238 stock units, Mayberry Jamaican Equities gained 29 cents to close at $8.10, trading 78,268 stocks. MPC Caribbean Clean Energy advanced $7 to $127 in trading 40 units, 138 Student Living rose 40 cents to $5.50 with the swapping of 147,219 shares, Palace Amusement climbed $60 to close at $970 in an exchange of 44 shares, PanJam Investment fell $1.90 to $66.05 after 6,502 shares crossed the exchange. Proven Investments declined $1.99 to $35.01 with 251,559 stock units clearing the market, Seprod gained 51 cents in ending at $73.51 and switching ownership of 12,312 stocks, Stanley Motta lost 29 cents in closing at $5.95 with the swapping of 2,480 units, Sterling Investments gained 20 cents to end at $3.30 with an exchange of 172,032 shares. Sygnus Credit Investments finished 23 cents higher at $15.43 in transferring 21,885 stocks and Wisynco Group shed 77 cents to close at $15.10 with an exchange of 179,935 units.
In the preference segment, Eppley 8.25% rose 62 cents to close at $6.99 in exchanging 500 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Slippage on TTSE market on Thursday

May 27, 2021 by

Market activity ended on Thursday, with the market declining after investors traded 55 percent fewer shares, carrying a value that was 37 percent lower than on Wednesday, resulting in slightly more stocks rising than falling at the close of trading on the Trinidad and Tobago Stock Exchange.
At the close, 13 traded compared to 14 on Wednesday, with four stocks rising, three declining and six remaining unchanged. The Composite Index fell 3.94 points to 1,370.45, the All T&T Index shed 7.63 points to close at 1,853.16 and the Cross-Listed Index remained unchanged at 119.67.
A total of 212,551 shares changed hands for $5,235,386, down from 470,149 units traded at $8,330,555 on Wednesday. An average of 16,350 units traded for  $402,722 compared to 33,582 at $595,040 on Wednesday. The average trade for the month to date ended at 25,631 units at $406,786 versus 26,066 units at $406,977. The average trade for April amounts to 11,472 units at $184,959.
The Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Agostini’s traded 50 shares to close at $24.40, Angostura Holdings remained at $15 with 109 stocks changing hands, Clico Investment Fund closed at $25.50 in an exchange of 31,110 shares, First Citizens Bank dropped $3.20 to $46.80 after exchanging 104 units. Guardian Holdings advanced 18 cents to $32.50 after 24,047 shares crossed the exchange, JMMB Group settled at $1.81 in trading 2,080 stock units, Massy Holdings advanced $1.25 to end at $69.76, exchanging 27 stocks. National Flour Mills traded 1,020 shares at $2.30, NCB Financial Group increased 25 cents to $8.75, with 49,992 units clearing the market, Prestige Holding remained at $6.55, with an exchange of 1,332 shares. Trinidad & Tobago NGL declined 11 cents to $17.73 in trading 3,005 units, Unilever Caribbean lost 1 cent in closing at $16.32 with an exchange of 4,605 units and West Indian Tobacco increased 3 cents to $32.51 after exchanging 95,070 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

Guardian dominates JSE trading

May 26, 2021 by

Guardian Holdings dominated market activity after trading 713,248 shares, with a value of just over $549 million, after a drop in the price by $19.50 to a new low of $770 on Jamaica Stock Exchange Main Market on Wednesday, with the market losing ground for a second consecutive day after advancing stocks beat out declining ones 3 to 2 with an exchange of 116 percent more shares valued 348 percent higher than on Tuesday.

Guardian Holdings hit a 52 weeks’ high of $30 on Tuesday.

The All Jamaican Composite Index fell 1,023.18 points to 452,448.35, the JSE Main Index declined 1,934.22 points to 421,497.16 and the JSE Financial Index shed 0.86 points to settle at 104.35.
Trading ended with 48 securities down from 49 on Tuesday, with 24 rising, 17 declining and seven remaining unchanged. The PE Ratio averages 16.1 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 27,181,743 shares trading for $767,234,675 versus 12,559,445 units at $171,180,809 on Tuesday. Sagicor Select Financial Fund led trading with 69.9 percent of total volume for an exchange of 18.99 million shares, followed by Pulse Investments with 6.4 percent for 1.74 million units, Wigton Windfarm chipped in with 5.1 percent for 1.37 million units and NCB Financial Group with 4.2 percent for 1.15 million units changing hands.
Trading averaged 566,286 units at $15,984,056, compared to 256,315 shares at $3,493,486 on Tuesday. Trading month to date averages 330,401 units at $4,291,851, in contrast to 316,230 units at $3,589,441 on Tuesday. April closed with an average of 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator shows 16 stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints rose $1.39 to $16.39 in exchanging 2,654 stock units, Caribbean Cement closed $1.98 higher at $89.48 with a transfer of 1,089 stocks. Carreras gained 25 cents to finish at $10.50 with 85,097 shares clearing the market, Eppley Caribbean Property Fund declined $2.99 to $42 with 115 units changing hands, First Rock Capital shed 50 cents to $15.90 with 10,162 stocks clearing the market. Grace Kennedy rose 30 cents to close at $88 in trading 49,741 stock units, Jamaica Broilers climbed $1.40 to $34 with the swapping of 13,768 units. Jamaica Producers shed $1.40 to end at $23.10 in trading 26,348 shares, JMMB Group finished 91 cents higher at $32.91 with 125,312 stocks clearing the market. Margaritaville rose 75 cents to $15 in switching ownership of 200 stock units, Mayberry Investments gained 38 cents to close at $5.65 in transferring 72,379 shares. Mayberry Jamaican Equities picked up 27 cents to settle at $7.81 after crossing the exchange with 143,942 units, MPC Caribbean Clean Energy climbed $18.19 to $120 with 244 stocks changing hands, NCB Financial Group advanced $2.50 to $140 trading 1,149,802 shares. Palace Amusement dropped $20 to $910 in switching ownership of 219 stocks, Pan Jam Investment advanced $2.95 to $67.95 after trading 1,139 units, Scotia Group gained 20 cents in ending at $40 with 133,171 stocks crossing the market, Seprod lost 59 cents to finish at $73 in exchanging 10,376 stock units. Stanley Motta gained 24 cents in closing at $6.24 after exchanging 17,000 units, Sterling Investments
shed 23 cents to $3.10 with a transfer of 182,875 stock units, Supreme Ventures dipped 49 cents to $20.01 after exchanging 196,302 shares and Victoria Mutual Investments increased 4 cents to close at $7 after trading 110,475 stocks.
In the preference segment, Eppley 8.25% fell 62 cents to close at $6.37 with 5,127 shares crossing the exchange.

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

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