Trinidad Stock Exchange bounces on Friday


Stocks mostly rose on the Trinidad and Tobago Stock Exchange on Friday, with major market indices jumping following a 53 percent lower volume of stocks traded, with a 55 percent greater value than on Thursday and ending with 20 securities trading, up from 14 on Thursday and ending with prices of 10 rising, six declining and four ending firm.

Trading ended with 308,604 shares for $5,920,509 compared to 653,098 stocks at $3,828,080 on Thursday. Trading resulted in an average of 15,430 shares at $296,025 against 46,650 stock units at $273,434 on Thursday. Trading for the month to date averages 29,902 shares for  $171,099 compared to 31,510 units at $157,220 on the previous day and an average for October of 39,057 units at $305,306

The Composite Index increased 22.28 points to end the day at 1,066.03, the All T&T Index advanced 13.01 points to close at 1,584.48, the SME Index remained unchanged at 88.01 and the Cross-Listed Index climbed 4.51 points to close at 71.56. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and one with a lower offer. 

At the close of trading, Agostini’s slipped 1 cent to close at $62.44 after an exchange of 161 shares, Angostura Holdings rose 30 cents to $15.80 with 15 stocks clearing the market, Ansa McAl rallied 9 cents to end at a 52 weeks’ high of $59.80 after closing with 4,833 shares that were traded. Calypso Macro Investment Fund sank 33 cents in closing at $23.67 as 15 stocks passed through the market, CIBC Caribbean Bank popped 94 cents to finish at a 52 weeks’ high of $8 with 1,345 shares changing hands, First Citizens Group slipped 2 cents to $40.41 as investors traded 1,190  units. GraceKennedy rallied 6 cents to $3.65 after a transfer of 1,200 stocks, Guardian Holdings remained at $13.60 with 218 stock units crossing the market, JMMB Group lost 2 cents in closing at $1.02 with a transfer of 54,447 shares. L.J. Williams B share dropped 3 cents to finish at a 52 weeks’ low of 90 cents with 2,934 units crossing the market, Massy Holdings popped 1 cent and ended at $3.90 with an exchange of 12,582 stocks, National Enterprises rose 1 cent to close at $2.70 after trading of 536 stock units. NCB Financial ended at $2.15 in an exchange of 171,569 shares, One Caribbean Media gained 5 cents in closing at $2.80 with investors trading 100 stocks, Prestige Holdings ended at $11.50 in an exchange of 533 units. Republic Financial rose $4 to finish at $117 with investors trading 42,244 stocks, Scotiabank climbed 6 cents to end at $57.10 after an exchange of 650 shares, Trinidad & Tobago NGL increased 29 cents to close at $4.70 in trading 9,268 stock units. Unilever Caribbean fell 50 cents to $10.50 with 4,222 stocks crossing the exchange and West Indian Tobacco remained at $5.98 with traders dealing in 542 units.

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

Big jump in trading on Trinidad Exchange


Stocks mostly gained on the Trinidad and Tobago Stock Exchange on Thursday, following a 497 percent surge in the volume of stocks traded costing 129 percent more than on Wednesday and resulting the trading of 14 securities down from 19 on Wednesday and ending with prices of five rising, two declining and seven ending firm.

The market closed with trading of 653,098 shares valued $3,828,080 compared to 109,466 stock units at $1,672,686 on Wednesday.
An average of 46,650 shares were traded at $273,434 compared with 5,761 stock units at $88,036 on Wednesday, with trading month to date averaging 31,510 shares at $157,220 compared to 30,233 units at $147,418 on the previous day and an average for October of 39,057 shares at $305,306.
The Composite Index rose 2.45 points to 1,043.75, the All T&T Index increased 5.95 points to close at 1,571.47, the SME Index remained at 88.01 and the Cross-Listed Index declined 0.18 points to 67.05.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Angostura Holdings ended at $15.50 with a transfer of just one stock unit, Ansa McAl remained at $59.71 with 200 units crossing the market, Calypso Macro Investment Fund increased 40 cents to end at $24 with investors trading 24 shares. CIBC Caribbean Bank remained at $7.06 with 3,066 stock units changing hands, First Citizens Group popped 2 cents to finish at $40.43 with investors dealing in 1,246 shares, GraceKennedy skidded 10 cents to close at $3.59 after trading 70,841 stocks. Guardian Holdings ended at $13.60 with 1,332 units clearing the market,  JMMB Group lost 3 cents in finishing at $1.04 with investors trading 341,000 stocks, Massy Holdings gained 9 cents and ended at $3.89 in an exchange of only 329 shares. National Enterprises rose 4 cents in closing at $2.69 with 10,991 stock units being traded, NCB Financial ended at $2.15 after a transfer of 200,246 stock units, Prestige Holdings remained at $11.50 with 99 stocks passing through the exchange. Republic Financial ended at $113 with traders dealing in 22,988 units and Scotiabank climbed 2 cents to end at $57.04 after an exchange of 735 shares.

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

Losers dominate Trinidad Exchange trading


Market activity resulted in gains for the Trinidad and Tobago Stock Exchange on Wednesday, with trading in 19 securities, down from 24 on Tuesday and ending with prices of three stocks rising, eight declining and eight ended firm including one stock closing at a 52 weeks’ high and three at 52 weeks’ lows as trading resulted in an exchange of a 66 percent fall in the volume of stocks changing hands with a 41 percent lower value than on Tuesday.

The market closed with trading of 109,466 shares for $1,672,686 down from 324,518 stocks at $2,825,843 on Tuesday. An average of 5,761 shares were traded with a value of $88,036 compared with 13,522 units at $117,743 on Tuesday, with trading for the month to date ending with an average of 30,233 shares at $147,418 down from 33,396 units at $155,095 on the previous day and an average for October of 39,507 shares at $305,306
The Composite Index increased 1.78 points to end the day at 1,041.30, the All T&T Index rallied 3.44 points to close trading at 1,565.52, the SME Index remained unchanged at 88.01 and the Cross-Listed Index ended at 67.23.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of trading, Agostini’s ended at $62.45 with traders dealing in 150 shares, Angostura Holdings dropped 50 cents and ended at $15.50, with 60 stocks crossing the market, Ansa McAl sank 29 cents to close at $59.71 with a transfer of 10,100 shares. Calypso Macro Investment Fund remained at $23.60 after an exchange of 4,500 stock units, Endeavour Holdings gained 5 cents to end at a 52 weeks’ high of $17.05 with investors swapping 75 shares, First Citizens Group remained at $40.41 with an exchange of 50 stocks. GraceKennedy slipped 1 cent to $3.69 after investors traded 14,740 units, Guardian Holdings ended at $13.60 in an exchange of 17,164 stock units, Guardian Media lost 9 cents in closing at $1.40 with investors trading 30 shares. JMMB Group popped 4 cents to close at $1.07 4,143 stock units with crossing the exchange, Massy Holdings climbed 13 cents to finish at $3.80 in trading 14,754 units, National Enterprises slipped 5 cents and ended at $2.65 with 415 stocks clearing the market. National Flour Mills remained at $1.65 as investors exchanged 150 shares, NCB Financial ended at $2.15, with 37,000 stock units changing hands, Prestige Holdings ended at $11.50 after a transfer of 535 stocks. Republic Financial sank 50 cents to close at $113 with investors trading 4,480 units, Scotiabank closed trading at $57.02 after an exchange of 20 shares, Trinidad & Tobago NGL dipped 19 cents to finish at a 52 weeks’ low of $4.41 with 600 units crossing the market and West Indian Tobacco shed 2 cents and ended at a 52 weeks’ low of $5.98 in an exchange of 500 stocks.

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

Falling Trinidadian stocks edges out risers


Stocks mostly declined on the Trinidad and Tobago Stock Exchange on Tuesday, with trading of 24 securities up from 15 on Monday and ended with prices of six stocks rising, nine declining and nine ended firm, including 2 stocks closing at 52 weeks’ high and two at 52 weeks’ lows after the volume of stocks traded declined moderately and the value fell 15 percent from that of Monday.

The market closed with an exchange of 324,518 shares at $2,825,843 compared to 330,482 stock units at $3,340,673 on Monday.
An average of 13,522 shares were traded at $117,743 compared with 22,032 units at $222,712 on Monday, with trading month to date averaging 33,396 shares at $155,095 compared with 37,274 units at $162,380 on the previous day and an average for October of 39,057 shares at $305,306
The Composite Index fell 0.99 points to close at 1,039.52, the All T&T Index shed 3.22 points to settle at 1,562.08, the SME Index remained unchanged at 88.01 and the Cross-Listed Index popped 0.19 points to close at 67.23.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s skidded 5 cents to $62.45 with investors swapping 4,819 stocks, Angostura Holdings remained at $16 in an exchange of 81 shares, Ansa McAl gained $1 to finish at a 52 weeks’ high of $60 with just one stock unit crossing the market, Ansa Merchant Bank slipped 25 cents in closing at $41 in trading a mere 2 shares. Calypso Macro Investment Fund lost 40 cents to end at $23.60 after 500 units changed hands. CIBC Caribbean Bank ended at $7.06 with a transfer of 150 shares, First Citizens Group ended at $40.41 with an exchange of 3,880 stocks, GraceKennedy remained at $3.70 with 25 stock units crossing the market, Guardian Holdings popped 10 cents and ended at $13.60 in switching ownership of 1,000 shares. Guardian Media climbed 14 cents to end at $1.49 after trading of 50 stocks, JMMB Group rose 1 cent in closing at $1.03 with 100,810 units clearing the market, Massy Holdings sank 13 cents to close at $3.67 with investors dealing in 129,075 stock units. National Enterprises remained at $2.70 with 1,115 shares changing hands, National Flour Mills shed 5 cents in closing at $1.65 after an exchange of 3,876 units, NCB Financial ended at $2.15 after 50,000 stocks passed through the market. One Caribbean Media lost 25 cents and ended at $2.75 after a transfer of 692 stock units, Point Lisas declined 9 cents to close at $3.11 with 1,776 shares crossing the exchange, Prestige Holdings rallied 49 cents to finish at a 52 weeks’ high of $11.50 with traders dealing in 4,903 stock units. Republic Financial fell $1.50 and ended at a 52 weeks’ low of $113.50 after an exchange of 11,789 units, Scotiabank dropped 8 cents to $57.02 with investors trading 3,031 stocks, Trinidad & Tobago NGL increased 10 cents in closing at $4.60 in an exchange of 300 units. Trinidad Cement remained at $2.61 with investors trading 28 stocks, Unilever Caribbean ended at $11 as investors exchanged 6,500 shares and West Indian Tobacco remained at $6 with 115 stock units crossing the market.

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

Guardian & Caribbean Cream top ICTOP10


Stocks ended the past week with the Jamaica Stock Exchange two main markets closing slightly down with the All Jamaica Composite and Junior Market Indices slipping and the JSE Main Index just managing to hold on to some gains. Effectively the markets held on to the majority of gains of the previous week with a number of stocks have limit supplies on offer and thus inducing buyers to bid the prices of some stocks higher.

 The Junior Market TOP10 had just two stocks gaining with 6 falling and in the Main Market TOP10 only one stock gained and 7 declined. Guardian Holdings continues to hold on to the number one buy position by a wide margin, in all markets as well as the All JSE TOP10. The All JSE TOP10 is compiled from all ordinary stocks listed on the Jamaica Stock Exchange with the highest potential to gain, based on projected 2024 earnings. This list is more exacting than the Junior and Main Market TOP10 lists. Caribbean Cream continued to hold the number one spot in the Junior Market followed by Elite Diagnostic.
In the Junior Market ICTOP10, Access Financial rose 12 percent to close at a $20.07 and One great Studio picked up 8 percent to close at 70 cents. Caribbean Assurance Brokers and Caribbean Cream shed 8 percent to close at $3.27 and $3.17 respectively, with other declining stocks losing 3 percent or less.
In the Main Market ICTOP10, the only winning stock, Berger Paints popped 5 percent to $8.44. JMMB Group, 138 Student Living and Pulse Investments all fell 7 percent to end at $22.25, $4.06 and $1.49 respectively, with the rest losing 2 percent or less.
No stock fell out of the Junior Market IC TOP10 at the end of the week. There was one change to JSE Main Market ICTOP10, with Lasco Distributors falling out and replaced by Jamaica Broilers.
The average PE for the JSE Main Market ICTOP 10 stands at 5.1, well below the market average of 14.6 and the Junior Market TOP10 sits at 6.7, just more than half of the market, with an average of 12.7.
The Main Market ICTOP10 is projected to gain an average of 305 percent by May 2025, based on 2024 forecasted earnings and provide better values than the Junior Market with the potential to achieve 212 percent over the same period.
In the Main Market ICTOP 10, a total of 16 of the most highly valued stocks representing 31 percent of the Main Market have PEs between 15 to 108, with an average of 30 and 22 excluding the highest PE ratios, and a PE of 24 for the top half of the market with the highest values and 18 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 10 stocks, 21 percent of the market, with PEs ranging from 15 to 27 with an average of PE of 19 and a PE of 16 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.

Mostly rising Trinidad Exchange stocks

Stocks mostly gained at the end of trading on the Trinidad and Tobago Stock Exchange on Friday, resulting from trading of 16 securities compared with 17 on Thursday and ending with prices of eight rising, two declining and six ended firm, with the volume of stocks traded declining 45 percent and valued 21 percent lower than on Thursday.

The market closed with trading of 603,487 shares valued at $2,041,473 compared to 1,101,665 stock units at $2,580,451 on Thursday.
An average of 37,718 shares were traded at $127,592 down from 64,804 units at $151,791 on Thursday, with trading month to date averaging 39,391 shares at $154,004 versus 39,682 stock units at $158,593 on the previous day and an average for October of 39,057 units at $305,306.
The Composite Index rallied 0.63 points to end at 1,038.84, the All T&T Index popped 0.73 points to 1,562.68, the SME Index remained at 88.01 and the Cross-Listed Index inched 0.07 points higher to 66.95. Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s increased 5 cents to $62.50 with traders dealing in 47 stocks, Angostura Holdings ended at $16 as investors exchanged 175 shares. CIBC Caribbean Bank ended at $7.06, with 1,408 stocks passing through the exchange, First Citizens Bank popped 59 cents in closing at $41 in trading 856 stock units, GraceKennedy remained at $3.59 after 89,200 shares passed through the market, Guardian Media lost 13 cents to close at $1.35 with investors trading 98 stocks. JMMB Group advanced 3 cents to $1.05 after an exchange of 284 units, L.J. Williams B share dropped 11 cents to end at a 52 weeks’ low of 93 cents with investors dealing in 8,635 stock units, Massy Holdings rose 6 cents in closing at $3.73 with 176,595 shares clearing the market. National Enterprises ended at $2.70 with investors trading 7,000 stocks, National Flour Mills remained at $1.70 and closed with 3,608 units changing hands, NCB Financial ended at $2.15 in an exchange of 312,737 stock units. Prestige Holdings gained 1 cent and ended at a 52 weeks’ high of $11.01 with 45 shares changing hands, Republic Financial rallied $3 to $115 with an exchange of 2,733 stocks, Scotiabank popped 55 cents to close at $57.55 with 64 units crossing the market and Trinidad & Tobago NGL climbed 2 cents in closing at $4.52 in switching ownership of 2 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading dives on Trinidad Exchange


Trading dropped back from Wednesday’s more robust levels on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded declining 30 percent with a 60 percent lower value, resulting from activities in 17 securities compared with 21 on Wednesday and ending with prices of three stocks rising, six declining and eight ended firm.

The market closed with trading of 1,101,665 shares with a value of $2,580,451 down from 1,580,869 stocks at $6,428,404 on Wednesday.
An average of 64,804 shares were traded at $151,791 compared with 75,279 stock units at $306,114 on Wednesday, with trading month to date averaging 39,682 shares at $158,593 compared with 33,988 units at $160,161 on the previous day and an average for October of 39,057 units at $305,306
The Composite Index declined 6.55 points to wrap up trading at 1,038.21, the All T&T Index fell 12.34 points to close at 1,561.95, the SME Index remained at 88.01 and the Cross-Listed Index slipped 0.05 points to close at 66.88.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Ansa McAl ended at $59.50 with 47 stocks crossing the exchange, Calypso Macro Investment Fund popped $1 to $24 with a transfer of 686 units, First Citizens Group remained at $40.41 closed at 3,173 shares. CIBC Caribbean Bank formerly First Caribbean Bank dipped 1 cent to end at $7.06 in an exchange of 642 stocks units, GraceKennedy ended at $3.59 with investors dealing in 69,000 shares, Guardian Holdings ended at $13.50 in switching ownership of 4,427 stock units. JMMB Group remained at $1.02 after an exchange of 652,170 units, Massy Holdings lost 3 cents to finish at $3.67 with investors trading 213,709 stocks, National Enterprises shed 5 cents and ended at $2.70 with an exchange of 3,824 shares. National Flour Mills ended at $1.70 after 5,000 stock units passed through the market, NCB Financial remained at $2.15 in trading 91,199 units, Prestige Holdings climbed 25 cents to end at a 52 weeks’ high of $11 with 19 stocks crossing the market. Republic Financial dropped $3 to a 52 weeks’ low of $112 as investors exchanged 2,222 units, Scotiabank sank $1.49 in closing at $57 with 471 shares crossing the market, Trinidad & Tobago NGL ended at $4.50 in an exchange of 7,600 stock units. Trinidad Cement slipped 11 cents to finish at $2.61 with traders dealing in 43,306 stocks and West Indian Tobacco rose 10 cents to close at $6 after a transfer of 4,170 units.

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

Trading surges on the Trinidad Exchange


Stocks ended trading with mostly losses on the Trinidad and Tobago Stock Exchange on Wednesday, resulting from an exchange of 21 securities trading similar to market activity on Tuesday and ending with prices of four stocks rising, nine declining and eight ending firm, following a 1,414 percent surge in the volume of stocks traded with the value rising 127 percent more than on Tuesday.

The market closed with the trading of 1,580,869 shares valued $6,428,404 well above the 104,402 stock units at $2,827,691 on Tuesday.
An average of 75,279 shares were traded at $306,114 compared with just 4,972 stock units at $134,652 on Tuesday, with trading month to date averaging 33,988 shares at $160,161 compared to 17,930 units at $103,386 on the previous day and an average for October of 39,057 units at $305,306
The Composite Index advanced 1.46 points to cease trading at 1,044.76, the All T&T Index gained 2.51 points to close trading at 1,574.29, the SME Index remained unchanged at 88.01 and the Cross-Listed Index advanced 0.05 points to end at 66.93.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of trading, Angostura Holdings ended at $16 with 1,000 stocks crossing the market, Ansa McAl shed 50 cents in closing at $59.50 with a transfer of 5 units, Calypso Macro Investment Fund sank 60 cents to end at $23 as 1,693 shares passed through the market. First Citizens Group slipped 4 cents in closing at $40.41 with 4,020 stock units passing through the exchange, FirstCaribbean International Bank popped 2 cents and ended at $7.07 in trading 250 shares, GraceKennedy remained at $3.59 with 18,860 units clearing the market. Guardian Holdings sank $1 and ended at a 52 weeks’ low of $13.50 with investors trading 10,392 stocks, JMMB Group remained at $1.02 in switching ownership of 1,265 stock units, L.J. Williams B share skidded 4 cents to end at a 52 weeks’ low of $1.04 with investors trading 45 shares. Massy Holdings popped 5 cents in closing at $3.70 after an exchange of 1,440,105 stock units, National Enterprises gained 2 cents to close at $2.75 with investors dealing in 10,054 stocks, National Flour Mills ended at $1.70 after an exchange of 15,633 units. NCB Financial remained at $2.15 with 59,151 shares changing hands, One Caribbean Media ended at $3 with an exchange of 350 stock units, Prestige Holdings ended at $10.75 after trading of 2,217 stocks. Republic Financial rose $2 to finish at $115 as investors traded 3,187 units, Scotiabank lost 1 cent and ended at $58.49 after a transfer of 482 shares, Trinidad & Tobago NGL remained at $4.50 with traders dealing in 3,586 units. Trinidad Cement dipped 1 cent to $2.72 in an exchange of 90 stocks, Unilever Caribbean fell 49 cents in closing at $11 with investors swapping 54 stock units and West Indian Tobacco declined 10 cents to end at a 52 weeks’ low of $5.90 in an exchange of 8,430 shares.

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

7 all for Trinidad Stock Exchange


Stocks ended with the spoils evenly split between stocks rising, declining and ending unchanged at the close of the Trinidad and Tobago Stock Exchange on Tuesday, following the trading of 21 securities up from 16 on Monday, with prices of seven stocks rising, seven declining and seven ended firm following a 62 percent fall in the volume of stocks traded with the value surging 242 percent over that on Monday.

The market closed with trading of 104,402 shares valued at $2,827,691 compared to 277,593 stock units at $825,974 on Monday. An average of 4,972 shares were traded at $134,652 compared with 17,350 stock units at $51,623 on Monday, with trading month to date averaging 17,930 shares at $103,386 compared with 26,176 units at $83,492 on the previous day and an average for October of at 39,057 shares at $305,306.

The Composite Index popped 4.72 points to wrap up trading at 1,043.30, the All T&T Index rose 9.02 points to end at 1,571.78, the SME Index remained at 88.01 and the Cross-Listed Index gained 0.02 points to 66.88.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Agostini’s remained at $62.45 with investors trading 226 stocks, Angostura Holdings ended at $16 with 38 units crossing the market, Ansa Merchant Bank declined 19 cents to end at $41 in an exchange of 12 shares. Calypso Macro Investment Fund lost 40 cents in closing at $23.60 with 857 stock units changing hands, First Citizens Group remained at $40.45 after 1,036 shares crossed the exchange, FirstCaribbean International Bank ended at $7.05 with investors trading 3,751 stocks. GraceKennedy dipped 1 cent to $3.59 with 1,270 stock units clearing the market, Guardian Holdings popped 99 cents in closing at $14.50 after 200 stock units changed hands, Guardian Media increased 8 cents to finish at $1.48 with 2 shares crossing the market. JMMB Group sank 3 cents and ended at $1.02 after an exchange of 800 units, L.J. Williams B share ended at $1.08 after the trading of 1,805 stocks, Massy Holdings skidded 4 cents to end at $3.65 as investors exchanged 6,696 stock units. National Flour Mills remained at $1.70 with a transfer of 25,750 shares, One Caribbean Media climbed 9 cents to $3 with investors swapping 570 stock units, Prestige Holdings rose 25 cents to end at a 52 weeks’ high of $10.75 in switching ownership of 9 stocks. Republic Financial advanced $1 to close at $113 with traders dealing in 21,718 units, Scotiabank gained $1.50 to finish at $58.50 in an exchange of 130 stocks, Trinidad & Tobago NGL fell 10 cents to a 52 weeks’ low of $4.50 with investors trading 24,316 shares. Trinidad Cement dropped 6 cents to $2.73 after an exchange of 20 units, Unilever Caribbean rallied 49 cents to end at $11.49 with investors dealing in 413 stock units and West Indian Tobacco remained at $6 after a transfer of 14,783 shares.

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

Caribbean Assurance biggest ICTOP10 mover


Stocks gained by 3 percent in value on the Jamaica Stock Exchange at the close of the week with the the All Jamaica Composite Index rising over 10,417 points and the Junior Market rising by 106 points as 6 stocks in the Junior Market TOP10 rose with 4 falling by 7 percent or less while in the Main Market TOP10 only three stocks gained by 5 percent or less while 4 declined by 11 percent and less.

Guardian Holdings continues to hold on to the number one buy position by a wide margin, in all markets as well as the All JSE TOP10. Caribbean Cream holds the number one spot in the Junior Market followed by Elite Diagnostic, last weeks’ number three holder. The All JSE TOP10 is compiled from all ordinary stocks listed on the Jamaica Stock Exchange with the highest potential to gain, based on projected 2024 earnings. This list is more exact than the Junior and Main Market TOP10 lists.
In the Junior Market ICTOP10, Caribbean Assurance Brokers rose 17 percent to close at a $3.57, as it continues to bob and weave between the low and high $3 range, followed by Lasco Financial with a 16 percent gain to $1.85 and Caribbean Cream added 9 percent to close the week at $3.44, with supply overhang at $3.45 holding it back along with minimal buying interest currently. tTech and One great Studio fell 7 percent to $2.14 and 65 cents respectively.
In the Main Market ICTOP10, JMMB Group popped 5 percent to $23.91. Key Insurance suffered an 11 percent drop, to close at $2.24 and Pulse Investments lost 8 percent to end at $1.60.
Lasco Financial fell out of the Junior Market IC TOP10 and is replaced by Iron Rock Insurance that returns after a one week absence. There were no changes to JSE Main Market ICTOP 10.
The average PE for the JSE Main Market ICTOP 10 stands at 5.2, well below the market average of 14.5 and the Junior Market TOP10 sits at 6.8, just more than half of the market, with an average of 12.3
The Main Market ICTOP10 is projected to gain an average of 297 percent by May 2025, based on 2024 forecasted earnings and provide better values than the Junior Market with the potential to achieve 207 percent over the same period.
In the Main Market ICTOP 10, a total of 17 of the most highly valued stocks representing 33 percent of the Main Market have PEs between 15 to 108, with an average of 29 and 21 excluding the highest PE ratios, and a PE of 24 for the top half of the market with the highest values and 18 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 13 stocks, 27 percent of the market, with PEs ranging from 15 to 25 with an average of PE of 17 and a PE of 16 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.