Trading activity dropped on the Trinidad and Tobago Stock Exchange on Monday, resulting in the trading of 22 securities up from 18 on Friday, with seven stocks rising, eight declining and seven remaining unchanged after a 50 percent drop in the volume of stocks traded and a 43 percent plunge in compared to Friday
Investors exchanged 246,017 shares for $2,554,120 down from 487,619 stock units at $4,456,955 on Friday.
An average of 11,183 stock units were traded at $116,096 compared to 27,090 shares at $247,609 on Friday, with trading month to date averaging 18,341 shares at $175,279 compared with an average trade for November of 19,241 shares at $227,402.
The Composite Index declined 7.80 points to 1,179.50, the All T&T Index lost 5.77 points to wrap up trading at 1,789.41, the SME Index remained unchanged at 80.00 and the Cross-Listed Index dropped 1.40 points to conclude trading at 73.74.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Agostini’s increased 49 cents in closing at $68.50, with 3,340 units crossing the market, Angostura Holdings ended at $21.50 with a transfer of 13 stocks, Ansa McAl lost $1.90 to end at $54 after 200 shares were exchanged. 
Ansa Merchant Bank climbed 61 cents to $43.50 in trading 3,092 stocks, Calypso Macro Investment Fund slipped 1 cent to $22.75 in an exchange of 227 shares, Endeavour Holdings ended at $15, with investors trading 20 stock units. First Citizens Group popped 2 cents to $49.27 with trading in 10,244 units, FirstCaribbean International Bank ended at $7 with traders dealing in 8,759 stocks, GraceKennedy rallied 4 cents to $4.05 after an exchange of 88,315 units. Guardian Holdings fell 10 cents to $18 with investors dealing in 6,124 shares, JMMB Group dipped 4 cents to close at a 52 weeks’ low of $1.30, with 2,966 stock units crossing the exchange, L.J. Williams B share ended at $2.26 in switching ownership of 1,025 stocks. Massy Holdings popped 1 cent to close at $4.45 after a transfer of 60,031 units, National Enterprises skidded 4 cents in closing at $3.50 with stakeholders exchanging 21,279 stocks, 
National Flour Mills declined 3 cents to end at $1.72 after 836 shares passed through the market. NCB Financial gained 6 cents in closing at $2.91 in an exchange of 26,360 stock units, Prestige Holdings advanced 80 cents to $9.50 with investors transferring 239 shares, Republic Financial dipped 24 cents to $120 after an exchange of 4,560 stocks. Scotiabank ended at $70 with shareholders swapping 1,532 units, Trinidad & Tobago NGL remained at $10.50 as investors traded 6,081 stocks, Unilever Caribbean ended at $11.29, with 253 shares changing hands and West Indian Tobacco lost 26 cents to close at $9.25 with an exchange of 521 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Drop in Trinidad & Tobago Stock Exchange
Main Market surge failed to ignite ICTOP10
The All Jamaica and the Junior Market indices closed the week higher than the previous week but with the Junior Market trading at its lowest since early June this year. The Main Market index which includes overseas companies, slipped back during the week. Stocks measured by the All Jamaica Index recorded gains of 4,565 points from the end of October in the past week and traded at a near two months high and have been flashing bullish signals with a sharp breakout looking very likely.
Some positives are visible in the market, with a sharp decline in the volume of some stocks being sold. Scotia Group is one such stock, as it approaches the release of full year results and an announcement on dividends, but buying interest is currently low keyed. The stock trades at an extremely low PE of 5.7 times projected 2023 earnings. AMG Packaging trades at 6.5 times 2024 earnings with a very limited supply of stocks on offer.
Even as the Main Market index rose in the past week, winners were hard to find the Main Market ICTOP10, with the highest riser up just 3 percent as Key Insurance dropped 20 percent to $2, followed by Palace Amusement down 14 percent to $1.12 and Sygnus Credit Investments declining 7 percent to $11.11.
The Junior Market has 6 stocks gaining, with Iron Rock Insurance jumping 20 percent to $2.65, Express Catering rallying 7 percent to $4 and AMG Packaging rising 4 percent to $2.59 while Caribbean Creamfell 16 percent to $3.10.
There was just one new addition to the ICTOP10 with a listing for the Junior Market with Access Financial dropping out of the list and replaced by Honey Bun, with projected earnings per share of 70 cents for the fiscal year ended September and $1 for 2024.
Indications of where stock prices could be by May 2024 can be seen from stocks with the highest values in the Main and Junior Markets.
The average PE for the JSE Main Market ICTOP 10 stands at 5, well below the market average of 12.9. The Main Market ICTOP10 is projected to gain an average of 302 percent by May 2024, based on 2023 forecasted earnings and now provides better values than the Junior Market.
In the Main Market ICTOP 10, a total of 15 of the most highly valued stocks representing 31 percent of the Main Market are priced at a PE of 15 to 108, with an average of 29 and 19 excluding the highest PE ratios, and a PE of 23 for the top half and 20 excluding the stocks with overweight values.
The PE of the Junior Market TOP10 sits at 6.9, over half of the market, with an average of 13.1. There are 15 stocks, or 30 percent of the market, with PEs from 15 to 49, averaging 20 that are well above the market’s average. The top half of the market has an average PE of 18, possibly the lowest fair value for Junior Market stocks currently, with the market projected to rise by 200 percent on or around May 2024.
Of import is that the averages of both markets are now converging around a PE of 20 for close to a third of the market, as the year is coming to a close and with more information available on the full year’s earnings.
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 2024 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 and result 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.
Increased trading for Trinidad Exchange
Trading picked up on the Trinidad and Tobago Stock Exchange on Thursday and drove the market mildly higher to close November positively, with the volume of stocks traded rising 39 percent with a value 113 percent more than on Wednesday and resulted in the trading of 20 securities compared with 20 on Wednesday, with four stocks rising, eight declining and eight remaining unchanged.
Investors exchanged 176,605 shares for $1,382,075 up from 127,356 stock units at $650,155 on Wednesday.
An average of 8,830 units were traded at $69,104 compared to 6,368 shares at $32,508 on Wednesday, with trading month to date averaging 19,241 shares at $227,402 compared with 19,821 units at $236,222 on the previous day. The average for October amounts to 15,711 shares at $151,451.
The Composite Index rallied 1.09 points to close trading at 1,185.60, the All T&T Index increased 2.12 points to conclude trading at 1,792.10, the SME Index remained at 80.00 and the Cross-Listed Index remained unchanged at 75.11.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Agostini’s remained at $68, with 1,088 units clearing the market, Angostura Holdings ended at $21.50 closed with an exchange of 5 stocks, Calypso Macro Investment Fund ended at $22.76 40 shares crossing the exchange. 
First Citizens Group fell 1 cent to $49.10 with investors trading 2,766 stocks, FirstCaribbean International Bank ended at $7 after an exchange of 14,148 shares, GraceKennedy shed 5 cents to $4 with investors swapping 13,581 units. Guardian Holdings declined 80 cents to end at $18.10 in trading 1,152 stocks, Guardian Media lost 19 cents and closed at $2.01, with 652 stock units crossing the market, JMMB Group skidded 1 cent to close at a 52 weeks’ low of $1.34 with an exchange of 16,754 shares. L.J. Williams B share ended at $2.26 after investors traded 5 stock units, Massy Holdings rallied 1 cent to $4.45 after an exchange of 62,849 units, National Enterprises rose 1 cent in closing at $3.55, with 631 stocks crossing the market. National Flour Mills dipped 20 cents to end at $1.52 as investors exchanged 4,652 units, 
NCB Financial rose 15 cents to $3, with 8,617 stocks changing hands, Republic Financial remained at $120 in an exchange of 1,874 shares. Scotiabank ended at $69.90 with traders dealing in 3,998 stock units, Trinidad & Tobago NGL ended at $10.54 while exchanging 315 shares, Trinidad Cement dropped 14 cents to $2.86 in switching ownership of 40,568 units. Unilever Caribbean shed 16 cents to close at $11.29 with investors exchanging 10 stocks and West Indian Tobacco popped 25 cents and ended at $9.25 with a transfer of 2,900 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks edged by decliners on Trinidad Exchange
Trading ended on the Trinidad and Tobago Stock Exchange on Tuesday, with the volume of stocks traded declining 74 percent with the value jumping 67 percent above that on Monday resulting from trading in 20 securities compared with 19 on Monday, and ended with prices of six stocks rising, seven declining and seven remaining unchanged.
Investors exchanged 394,964 shares for $12,948,709 versus 1,547,366 stock units at $7,748,550 on Monday.
Trading ended with an average of 19,748 shares for $647,435 compared with 81,440 units at $407,818 on Monday, Trading month to date averages 20,614 shares at $248,241 compared with 20,668 units at $223,212 on the previous day. The average trade for October amounts to 15,711 shares at $151,451.
The Composite Index slipped 1.08 points to wrap up trading at 1,190.07, the All T&T Index dipped 2.29 points to end the day at 1,803.97, the SME Index remained unchanged at 80.00 and the Cross-Listed Index popped 0.03 points to 74.63.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s ended at $67.50 in an exchange of 2 stock units, Angostura Holdings dipped 1 cent to $22.14 with traders dealing in 5,000 shares, Calypso Macro Investment Fund lost 4 cents to close at $22.76 in switching ownership of 45 stock units. Endeavour Holdings remained at $15, with 6 units crossing the market, First Citizens Group popped 1 cent to $49.11 with a transfer of 8,346 shares, FirstCaribbean International Bank ended at $7 after 70 units changed hands. GraceKennedy rose 5 cents to close at $3.90, with 23,398 stocks changing hands, Guardian Holdings rallied 40 cents in closing at $18.90 with investors transferring 11,950 stock units, JMMB Group ended at $1.35 after trading 40,732 shares. L.J. Williams B share rose 21 cents and ended at $2.26 after an exchange of 31 units, Massy Holdings dipped 2 cents to $4.43 with investors dealing in 192,809 stocks, National Enterprises ended at $3.55 after an exchange of 592 stock units. 
NCB Financial remained at $2.85, with 630 shares crossing the market, Prestige Holdings shed 50 cents in closing at $10.50 in trading 740 stock units, Republic Financial popped $1 to end at $121, with 91,964 stocks crossing the exchange. Scotiabank remained at $70 after investors ended trading 349 units, Trinidad & Tobago NGL declined 6 cents to a 52 weeks’ low of $10.54 after an exchange of 2,576 stocks, Trinidad Cement advanced 5 cents to end at $2.95, with 10,000 units clearing the market. Unilever Caribbean fell 3 cents to close at $11.45 with shareholders swapping 438 shares and West Indian Tobacco skidded 25 cents and ended at a 52 weeks’ low of $9 after a transfer of 5,286 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Strong performance in ICTOP10 stocks
The main market has been quietly rising since the start of November and closed the past week at the highest level since the start of the month while the Junior Market declined to the lowest level since early May this year but the performance of the ICTOP10 was mostly positive, with the Junior Market having 4 stocks gaining between 5 and 15 percent and two with declines of 6 and 7 percent. The Main Market had two stocks gaining 5 and 11 percent and two falling by 3 percent.
Against the above market movements, there was just one new addition to the ICTOP10 with listings for the Junior Market with Caribbean Flavours moving out with a 15 percent gain for the week to close at $1.39 and Access Financial taking its place. The other big action in the Junior Market, resulted in Paramount Trading gaining 12 percent to close at $1.68, Caribbean Cream rising 9 percent to $3.70 and Jamaican Teas adding 5 percent to end at $2.35. Lasco Manufacturing dropped 7 percent to $4.20 and Express Catering fell 6 percent to $3.75.
The Main Market closed the week with Key Insurance climbing 11 percent to $2.50, while 138 Student Living rose by 5 percent to $4.22.
Access Financial Services is enjoying a turnaround in its fortunes with profit for the second quarter to September surging 153 percent over the same period in 2022 to reach EPS of 51 cents even with allowances for credit losses rising to $89 million from $54 million in the 2022 period as revenues from interest climbed 25 percent to $556 million and revenues net of finance cost was up 9.5 percent to $567 million. 
For the half year, profit jumped 76 percent to $234 million as loan granted borrowers rose almost $600 million to $5.36 billion from $4.76 billion in September 2022 and the same amount since March this year. The company had more than $760 million available to lend plus cash flows from profit that should pushed lending up around 25 percent year over year and helped to swell profits for the year substantially above the six months levels.
Elsewhere, we upgraded Scotia Group’s earnings to $6 per share making it a more attractive IC TOP10 stock.
An indication of where stock prices could be by May 2024 can be seen from stocks with the highest values in the Main and Junior Markets.
The average PE for the JSE Main Market ICTOP 10 stands at 5, well below the market average of 13.1. The Main Market ICTOP10 is projected to gain an average of 318 percent by May 2024, based on 2023 forecasted earnings.
In the Main Market ICTOP 10, a total of 15 of the most highly valued stocks representing 31 percent of the Main Market are priced at a PE of 15 to 108, with an average of 29 and 19 excluding the highest PE ratios, and a PE of 23 for the top half and 20 excluding the stocks with overweight values.
The PE of the Junior Market TOP10 sits at 7, over half of the market, with an average of 12.9. There are 15 stocks, or 31 percent of the market, with PEs from 15 to 47, averaging 20 that are well above the market’s average of 12.9. The top half of the market has an average PE of 18, possibly the lowest fair value for Junior Market stocks currently, with the market projected to rise by 260 percent on or around May 2024.
Of great import is that the averages of both markets are now converging around a PE of 20 for close to a third of the market, as the year is coming to a close and with more information available on full year’s earnings.
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 2024 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 and result 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.
Winning & losing stocks share TTSE spotlight
Trading surged sharply on the Trinidad and Tobago Stock Exchange on Monday, with a 342 percent rise in the volume of stocks traded following a 398 percent surge in value over Friday’s trades, resulting in 19 securities trading compared with 17 on Friday, with five stocks rising, five declining and nine remaining unchanged.
Investors exchanged 1,547,366 shares for $7,748,550 up solidly from 350,108 stock units at $1,555,401 on Friday.
An average of 81,440 units were traded at $407,818 well above the 20,595 shares traded at $91,494 on Friday, with trading month to date averaging 20,668 units at $223,212 compared to 16,820 units at $211,502, previously. The average trade for October amounts to 15,711 shares at $151,451.
The Composite Index skidded 4.33 points to settle at 1,191.15, the All T&T Index dipped 4.98 points to lock up trading at 1,806.26, the SME Index gained 7.62 points to close trading at 80.00 and the Cross-Listed Index shed 0.51 points to cease trading at 74.60.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s remained at $67.50, with 1,910 stocks crossing the market, Ansa McAl ended at $57 with investors exchanging 5 stock units, Calypso Macro Investment Fund rallied 5 cents to close at $22.80 with 300 shares crossing the exchange. Endeavour Holdings rose $1.60 to end at $15 after 494 stock units were traded, First Citizens Group ended at $49.10 with an exchange of 1,040 shares, FirstCaribbean International Bank remained at $7 after 10 stock units passed through the market. GraceKennedy skidded 5 cents in closing at $3.85 with investors dealing in 1,540 units, Guardian Holdings lost 40 cents to close at $18.50 with a transfer of 1,053 stocks, JMMB Group dropped 6 cents and ended at $1.35 after an exchange of 10,143 shares. L.J. Williams B share ended at $2.05 with shareholders swapping 1,509 stock units, Massy Holdings advanced 5 cents in closing at $4.45 in an exchange of 1,511,895 units, National Enterprises remained at $3.55, with 2,315 stocks crossing the market. 
One Caribbean Media popped 11 cents to close at $3.52 after an exchange of 635 shares, Prestige Holdings shed 25 cents and ended at $11 in trading 376 stocks, Republic Financial remained at $120, with 1,241 units changing hands. Scotiabank declined 99 cents to $70 with an exchange of 8,459 stock units, Trinidad & Tobago NGL ended at $10.60 after investors cleared the market of 4,301 shares, Trinidad Cement climbed 4 cents in closing at $2.90 with investors exchanging 40 units and West Indian Tobacco ended at $9.25 with traders dealing in 100 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks mostly gain on Trinidad Exchange
Rising stocks edged out those falling at the end of trading on the Trinidad and Tobago Stock Exchange on Thursday and resulted in gains in the market indices following a 7 percent decline in the volume of stocks traded, with the value surging 32 percent more than on Wednesday, resulting in the trading of 20 securities compared with 19 on Wednesday and ending with prices of seven stocks rising, five declining and eight remaining unchanged.
Investors exchanged 297,021 shares at $3,111,188 compared to 318,474 stocks at $2,362,255 on Wednesday.
The average trade on Thursday ended at 14,851 shares with $155,559 versus 16,762 stock units at $124,329 on Wednesday. Trading for the month to date averages 16,593 stock units at $218,711 compared to 16,725 units at $223,515 on the previous day. The average trade for October amounts to 15,711 shares at $151,451.
The Composite Index advanced 2.84 points to 1,197.26, the All T&T Index climbed 4.67 points to end the day at 1,814.89, the SME Index rallied 0.67 points to settle at 72.38 and the Cross-Listed Index gained 0.12 points to finish at 75.08.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Agostini’s remained at $68.45 after 56 units passed through the market, Angostura Holdings ended at $22.15 after an exchange of 441 stocks, Ansa McAl remained at $57, with 50 shares clearing the market. 
Calypso Macro Investment Fund lost 70 cents in closing at $22.75 with shareholders exchanging 87 stock units, Endeavour Holdings advanced 14 cents and ended at $13.40, with 4 shares crossing the market, GraceKennedy rose 5 cents to $3.90 with an exchange of 5,500 units. Guardian Holdings declined 10 cents to close at $18.90 after 104 stocks changed hands, Guardian Media ended at $2.01 with 152 stock units crossing the exchange, JMMB Group ended at $1.41 with 1,000 shares changing hands. L.J. Williams B share remained at $2.26 with an exchange of 800 stocks, Massy Holdings rallied 10 cents to $4.50, with 167,488 units crossing the market, National Enterprises ended at $3.54 after a transfer of 256 stock units. National Flour Mills popped 20 cents to end at $1.72 in switching ownership of 259 shares, NCB Financial shed 48 cents to close at $2.85 with investors trading 90,500 units, 
One Caribbean Media fell 11 cents and ended at $3.41 in an exchange of 1,100 stocks. Republic Financial increased 50 cents to $120.50 with investors dealing in 15,222 stock units, Scotiabank remained at $71 after an exchange of 1,412 shares, Trinidad & Tobago NGL climbed 17 cents to $10.82 in trading 3,396 stock units. Unilever Caribbean gained 36 cents to end at $11.48 with stakeholders exchanging 39 stocks and West Indian Tobacco dipped 4 cents to close at a 52 weeks’ low of $9.51 after investors ended trading 9,155 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading rises but TTSE falls
Trading ended Wednesday, with a 60 percent jump in the volume of stocks traded following a 91 percent hike in the value compared to trading on Tuesday at the close of the Trinidad and Tobago Stock Exchange on Wednesday and resulting in 19 securities trading similar to Tuesday, as market activity ended with seven stocks rising, six declining and six remaining unchanged.
Investors exchanged 318,474 shares for $2,362,255 versus 199,128 stock units at $1,237,033 on Tuesday.
An average of 16,762 units were traded at $124,329 compared to 10,480 shares at $65,107 on Tuesday, with trading month to date averaging 16,725 shares at $223,515 compared with 16,722 units at $231,238 on the previous day. The average trade for October amounts to 15,711 shares at $151,451.
The Composite Index shed 9.56 points to lock up trading at 1,194.42, the All T&T Index fell 5.01 points to 1,810.22, the SME Index remained unchanged at 71.71 and the Cross-Listed Index dropped 2.02 points to conclude trading at 74.96.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings skidded 1 cent to $22.15 with investors dealing in 45 stock units, Ansa McAl ended at $57, with 6,204 shares crossing the market, Calypso Macro Investment Fund increased 70 cents in closing at $23.45 while investors exchanged 14 units. 
First Citizens Group popped 15 cents to close at $49.25 with a transfer of 6,704 stocks, GraceKennedy advanced 20 cents and ended at $3.85, with 37,933 shares crossing the market, Guardian Holdings rose 35 cents to $19 with a transfer of 39,854 stocks. Guardian Media fell 19 cents in closing at $2.01, with 1,089 units changing hands, JMMB Group remained at $1.41 with an exchange of 15,007 stock units, L.J. Williams B share gained 1 cent to end at $2.26, with 1,000 shares clearing the market. Massy Holdings ended at $4.40 after investors traded 24,463 stock units, National Enterprises remained at $3.54 after an exchange of 14,238 stocks, National Flour Mills declined 18 cents to end at $1.52 after 52,140 units passed through the market. 
NCB Financial rallied 13 cents to $3.33 with traders dealing in 104,298 stocks, Prestige Holdings lost 8 cents to close at $11.30, with 1,834 units crossing the exchange, Republic Financial dipped $2.50 and ended at $120 in swapping 780 shares. Scotiabank ended at $71 and closed with an exchange of 551 stock units, Trinidad & Tobago NGL shed 35 cents in closing at $10.65 in an exchange of 4,351 shares, Trinidad Cement remained at $2.86 with shareholders swapping 7,954 units and Unilever Caribbean climbed 12 cents to close at $11.12 in an exchange of 15 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
All JSE markets fall
The Junior Market of the Jamaica Stock Exchange continues to bounce around as the market dropped on Monday, following Friday’s bounce while the Main Market ended several points lower as the volume and the value of stocks changing hands fell below that on Friday and after some big price movements, with NCB Financial jumping $3.83 followed by Seprod $2.94, Pan Jamaica $2.48, with three others rising between $1 and $1.20, but was offset by declines of $25 by Guardian Holdings, $4.75 by Eppley, Kingston Wharves down $1.59 and JMMB Group off $1.40 and the USD Market inched lower at the close.
At the close of the market, the JSE Combined Market Index slumped 2,256.97 points to 325,890.06, the All Jamaican Composite Index shed 1,911.15 points to end at 346,257.04, the JSE Main Index dropped 2,209.15 points to end at 312,449.18. The Junior Market Index fell 21.15 points to end at 3,752.02.and the JSE USD Market Index skidded 1.20 points to wrap-up trading at 227.47.
Investors traded 9,432,720 shares, in all three markets compared to 11,515,257 units on Friday. The value of stocks traded on the Junior and Main markets ended at $48.06 million from $103.07 million on Wednesday. The JSE USD market closed after 509,457 shares were traded, for US$14,389 compared to 306,262 units at US$15,475 on Friday.
In the preference segment, Eppley 7.25% preference share fell $1 and ended at $18 and Eppley 7.75% preference share dipped $2.88 to $16.34.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.3 on 2022-23 earnings and 13.9 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to successfully navigate numerous investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The net asset value of each company is reported as a guide to quickly assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume pertaining to the highest bid and the lowest offer for each company.
Trading dives on Trinidad & Tobago Exchange
Trading dropped sharply on the Trinidad and Tobago Stock Exchange on Monday, with the volume and value of stocks traded declining 95 percent lower than on Friday resulting in trading in 18 securities compared with 16 on Friday, with five stocks rising, three declining and 10 remaining unchanged.
Investors exchanged 50,591 shares for $603,565 compared with 939,230 stock units at $12,336,459 on Friday.
An average of 2,811 units were traded at $33,531 compared to 58,702 shares at $771,029 on Friday, with trading month to date averaging 17,250 shares at $245,266 compared with 18,505 units at $263,678 on the previous day. The average trade for October amounts to 15,711 shares at $151,451.
The Composite Index shed 1.09 points to cease trading at 1,205.65, the All T&T Index skidded 4.13 points to lock up trading at 1,816.44, the SME Index remained unchanged at 79.99 and the Cross-Listed Index popped 0.30 points to end the day at 77.28.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Agostini’s ended trading at $68.50 with stakeholders exchanging 4 stock units, Angostura Holdings remained at $22.25 after one share passed through the market, 
Ansa McAl remained at $57 with investors trading 1,086 units. Calypso Macro Investment Fund increased 74 cents and ended at $23.50 in an exchange of 24 stocks, First Citizens Group popped 1 cent to end at $49.11 with traders dealing in 931 units, FirstCaribbean International Bank ended at $7 while exchanging 70 stocks. GraceKennedy popped 10 cents to close at $3.75, with 67 shares crossing the market, Guardian Holdings remained at $18.65 as investors exchanged 2,013 stock units, JMMB Group ended at $1.41 with 17,765 shares crossing the market. Massy Holdings advanced 7 cents and ended at $4.32 with investors dealing in 12,821 stock units, National Enterprises ended at $3.55 with 5,664 units crossing the exchange, NCB Financial remained at $3.20 after investors ended trading 4,829 stocks. 
Prestige Holdings dipped 1 cent in closing at $11.39 with an exchange of 22 units, Republic Financial lost 83 cents to close at $122.58 with 689 shares clearing the market, Scotiabank skidded $2 and ended at $70 after an exchange of 3,428 stocks. Trinidad & Tobago NGL rose 71 cents to $11.36 and closed with an exchange of 600 stock units, Unilever Caribbean ended at $11 after an exchange of 27 shares and West Indian Tobacco remained at $9.59 in switching ownership of 550 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.