The Trinidad and Tobago Stock Exchange closed on Wednesday, with the volume of stocks traded rising marginally over Tuesday levels, resulting in an exchange of 23 securities up from 19 on Tuesday, with three stocks rising, 10 declining and 10 remaining unchanged.
A total of 629,483 shares were traded for $6,392,446 compared to 610,819 units at $6,673,839 on Tuesday. An average of 27,369 units traded at $277,932 compared to 32,148 shares at $351,255 on Tuesday, with trading month to date averaging 42,060 units at $403,375 versus 43,249 units at $413,534 on the previous trading day. The average trade for July amounts to 28,304 units at $283,023.
The Composite Index fell 3.75 points to 1,375.15, the All T&T Index fell 3.80 points to 2,034.20 and the Cross-Listed Index shed 0.52 points to end at 93.77 at $282,572.
Investor’s Choice bid-offer indicator shows two stocks ended with a bid higher than their last selling prices and none with a lower offer.
At the close, Agostini’s lost 50 cents to end at $43.50, with 5,006 shares crossing the exchange, Angostura Holdings ended at $26.98 with investors transferring 300 stocks, Ansa McAl remained at $57 with the swapping of 36,025 stock units. Calypso Macro Investment Fund dipped 21 cents in closing at $20 after trading 100 units, Clico Investment Fund ended at $31 after trading 32,517 units, First Citizens Group fell 14 cents to $49.85 after a transfer of 6,791 shares. FirstCaribbean International Bank declined 3 cents to $5.47 after an exchange of 1,425 stock units, GraceKennedy remained at $5.39 with investors trading 1,517 stocks, Guardian Holdings shed 79 cents to end at $25.51, with 881 stocks changing hands. Guardian Media remained at $3.10, with 100 shares crossing the market, JMMB Group ended at $2.31 in exchanging 239,686 units, Massy Holdings increased 3 cents to close at $4.73, with 14,203 stock units crossing the market. National Enterprises climbed 2 cents to $3.60 while exchanging 127,914 stock units, National Flour Mills rallied 3 cents to $1.60 in trading 1,573 units, NCB Financial Group dropped 5 cents to end at $5 with a transfer of 135,293 stocks. One Caribbean Media remained at $4 after an exchange of 455 shares, Prestige Holdings ended unchanged at $6.70 in switching owners of 1,000 shares, Republic Financial Holdings declined 49 cents to $140.01 with an exchange of 944 units. Scotiabank ended unchanged at $78 in exchanging 5,376 stocks, Trinidad & Tobago NGL dipped 46 cents to $24.50, with 11,710 stock units clearing the market, Trinidad Cement remained at $3.52 as investors exchanged 237 shares. Unilever Caribbean lost 40 cents to end at $12.20 after 400 units crossed the market and West Indian Tobacco dipped 5 cents to close at $23.40 after trading 6,030 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trinidad stock market falters on Wednesday
Trading picks up on TTSE
Market activity ended on the Trinidad and Tobago Stock Exchange on Tuesday, with the volume of stocks traded rising 260 percent and the value climbing 37 percent more than on Monday, resulting in 19 securities traded the same as on Monday, with five stocks rising, six declining and eight remaining unchanged.
A total of 610,819 shares were traded for $6,673,839 versus 169,596 units at $4,866,836 on Monday. An average of 32,148 units traded $351,255 compared to 8,926 shares at $256,149 on Monday, with trading month to date averaging 43,249 units at $413,534 versus 44,045 units at $417,999 on the previous trading day. The average trade for July amounts to 28,304 units at $283,023.
The Composite Index rose 2.42 points to 1,378.90, the All T&T Index advanced 3.21 points to 2,038.00 and the Cross-Listed Index increased 0.22 points to close at 94.29.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s dropped $1.53 to $44 in switching ownership of 250 shares, Angostura Holdings advanced 48 cents to $26.98, with 14 stock units crossing the exchange, Ansa McAl ended unchanged at $57 after exchanging 975 stocks. Clico Investment Fund remained at $31 in swapping 90,283 units, First Citizens Group gained 48 cents to end at $49.99 with investors transferring 380 stocks, FirstCaribbean International Bank ended at $5.50 in an exchange of 893 shares. GraceKennedy slipped 1 cent to $5.39 with an exchange of 21,000 stock units, Guardian Holdings remained at $26.30 with a transfer of 2,845 units, JMMB Group popped 1 cent to $2.31 in trading 73,681 stocks. Massy Holdings rallied 15 cents in closing at $4.70 after 283,420 stock units changed hands, National Enterprises shed 1 cent in closing at $3.58 with 54,194 shares clearing the market, NCB Financial Group remained at $5.05, with 31,250 units crossing the market. One Caribbean Media fell 9 cents to $4 in trading 17 stocks, Republic Financial Holdings declined 2 cents to end at $140.50 after a transfer of 1,317 shares, Scotiabank ended unchanged at $78 after trading 9,457 stock units. Trinidad & Tobago NGL increased $1.46 to a 52 weeks’ high of $24.96 in exchanging 34,404 units, Trinidad Cement ended unchanged at $3.52 while trading 6,275 stocks, Unilever Caribbean remained at $12.60 as investors exchanged 64 units and West Indian Tobacco dipped 5 cents to end at $23.45, with 100 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for the JSE USD market
Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks traded declining 51 percent, with a 56 percent lesser value than on Friday, resulting in the exchange of six securities, compared to nine on Friday, with three rising, two declining and one ending unchanged.
Overall, 388,269 shares were traded, for US$14,534 down from 796,890 units at US$32,729 on Friday. Trading averaged 64,712 units at US$2,422, compared to 88,543 shares at US$3,637 on Friday, with month to date average of 49,416 shares at US$7,149 versus 48,732 units at US$7,360 on the previous trading day. July ended with an average of 49,665 units for US$3,449.
The JSE US Denominated Equities Index rose 4.49 points to end at 204.80.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.1. The PE ratio incorporates ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with higher bids than the last selling prices and one stock with a lower offer.
At the close, First Rock Real Estate USD share ended at 4 US cents after trading 164,161 shares, Margaritaville rose 1.5 cents to 12 US cents, with 1,315 stocks crossing the market, Proven Investments popped 0.2 of a cent to close at 21.5 US cents with 11,426 stock units changing hands. Sygnus Credit Investments USD share declined 0.88 of a cent in ending at 11.12 US cents after exchanging 32,000 units and Transjamaican Highway climbed 0.12 of one cent to 0.95 of a US cent in trading 179,363 stock units.
In the preference segment, JMMB Group 6% shed 1 cent to close at US$1.09, with four shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading dips on TTSE but prices rise
Market activity ended on the Trinidad and Tobago Stock Exchange on Monday, with the volume of stocks traded declining 65 percent and the value 26 percent less than on Friday and resulting in the trading of 19 securities compared to 15 on Friday, with prices of seven rising, two falling and ten remaining unchanged.
A total of 169,596 shares were traded for $4,866,836 down from 490,877 units at $6,605,612 on Friday. An average of 8,926 units traded at $256,149 compared to 32,725 shares at $440,374 on Friday, with trading month to date averaging 44,045 units at $417,999 versus 46,758 units at $420,194 on the previous trading day. The average trade for July amounts to 28,304 units at $283,023.
The Composite Index popped 8.65 points to 1,376.48, the All T&T Index climbed 6.49 points to 2,034.79 and the Cross-Listed Index gained 1.53 points to close at 94.07.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Agostini’s rallied 3 cents to $45.53 with an exchange of two shares, Angostura Holdings remained at $26.50, with 199 stocks crossing the market, Ansa McAl ended unchanged at $57 after exchanging 1,422 stock units. Clico Investment Fund ended at $31 with the swapping of 84,478 units, First Citizens Group traded 1,082 units at $49.51, FirstCaribbean International Bank popped 48 cents after finishing at $5.50 while exchanging 547 stocks. Guardian Holdings ended at $26.30, with 348 stock units changing hands, Guardian Media rose 6 cents in closing at $3.10 with an exchange of 103 shares, L.J. Williams B share remained at $2.01 after exchanging 17 stock units. Massy Holdings shed 18 cents to $4.55 after a transfer of 20,775 units, National Enterprises climbed 24 cents to end at $3.59 and trading 4,959 stocks, One Caribbean Media ended at $4.09 with a transfer of 100 shares. Prestige Holdings ended at $6.70 with investors transferring 140 stock units, Republic Financial Holdings advanced 2 cents to $140.52 as investors exchanged 400 stocks, Scotiabank remained at $78 in switching ownership of 13,081 shares. Trinidad & Tobago NGL gained 50 cents to close at a 52 weeks’ high of $23.50 in trading 40,062 units, Trinidad Cement dipped 13 cents in closing at $3.52 after trading 1,776 shares, Unilever Caribbean added 1 cent in ending at $12.60, with 100 units changing hands and West Indian Tobacco ended at $23.50 with five stocks clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Consolidated visits ICTOP10
Consolidated Bakeries moves into ICTOP10 this week at a time when the local stock market was starved of funds tied up in the One on One IPO that came to the market on August 12 and helped the JSE markets to pull back in the past week, with several stocks suffering declines, but increased interest rates erroneously pushed by Bank of Jamaica seems to be a contributory factor as well.
The disclosure that Dolla Financial corresponded with Access Financial to explore merger talks, put new life into the former TOP10 stock, with increased buying in the stock this past week. Trading picked up with 115,359 units being exchanged during the week, up from 38,162 units the previous week, with the stock moving from $25 at the end of last week to $27.50 this past week.
ICTOP10 movers this past week are General Accident jumping 16 percent to $5.80. In comparison, CAC 2000 dropped 21 percent to $6.05, Medical Disposables slipped 18 percent lower at $5.71, Dolphin Cove with a decline of 8 percent to $13.65 and Caribbean Cream down 5 percent to $3.88.
The Main Market ended the week with Productive Business Solutions jumping 15 percent to US$1.15 while VM Investments popped 6 percent to $5.50, but Berger Paints lost 14 percent to $10.23 after posting six months results without second quarter numbers that would show reduced second quarter profits compared to the first quarter.
The Junior Market ICTOP10 welcomed Consolidated Bakeries, with projected earnings per share of 22 cents, with the company appearing to be breaking the old practice of limited revenue growth and small profits. See the latest profile of the company with full reporting and its prospects for the current year. General Accident says goodbye to the ICTOP10 following the recovery in the price. There were no changes in the Main market.
The average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 13.8, while the Junior Market Top 10 PE sits at 5.8 versus the market at 12.7. The Junior Market is projected to rise by 260 percent and the Main Market TOP10 is projected to gain an average of 246 percent each to May 2023.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market but not always. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023 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.
Big fall for JSE USD stocks
The Jamaica Stock Exchange US dollar market closed on Friday with the volume of stocks traded rising 102 percent, with the value rising 24 percent over Thursday, resulting in nine securities traded, compared to 12 on Thursday with two rising, four declining and three ending unchanged.
Overall, 796,890 shares were traded for US$32,729 compared to 394,179 units at US$26,302 on Thursday. Trading averaged 88,543 units at US$3,637, versus 32,848 shares at US$2,192 on Thursday, with month to date average of 48,732 shares at US$7,360 versus 45,865 units at US$7,629 on the previous trading day. July ended with an average of 49,665 units for US$3,449.
The JSE US Denominated Equities Index dived 13.99 points to end at 200.31.
The PE Ratio, a measure used in computing appropriate stock values, averages 7.8. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with a bid higher than the last selling prices and three with lower offers.
At the close, First Rock Real Estate USD share ended unchanged at 4 US cents, with 707,600 shares clearing the market, Productive Business Solutions shed 17 cents in ending at US$1.15 after 11 stock units were traded, Proven Investments lost 0.7 of a cent to close at 21.3 US cents with a transfer of 10,819 units. Sterling Investments advanced 0.04 of a cent in closing at 2.09 US cents in an exchange of 5,042 stocks, Sygnus Credit Investments USD share rose 0.01 of a cent to 12 US cents after trading 12,308 shares and Transjamaican Highway dipped 0.12 of a cent to end at 0.83 of one US cent, with 61,104 units changing hands.
In the preference segment, Eppley 6% preference share fell 2 cents after ending at US$1.13 in exchanging three stock units, Equityline Mortgage Investment preference share remained at US$1.85 after exchanging two stocks and JMMB Group 6% ended unchanged at US$1.10 with investors transferring one share.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading falls back on TTSE
Trading ended on the Trinidad and Tobago Stock Exchange on Friday, with the volume of stocks traded declining 24 percent at a 51 percent lower value than on Thursday as 15 securities changed hands down from 20 on Thursday, resulting in prices of seven rising, three declining and five remaining unchanged.
The Composite Index rose 0.53 points to settle at 1,367.83, the All T&T Index popped 0.90 points to 2,028.30 and the Cross-Listed Index inched 0.02 points higher to 92.54.
A total of 490,877 shares were traded for $6,605,612 down from 745,407 units at $16,396,844 on Thursday. An average of 32,725 units traded at $440,374 compared to 37,270 shares at $819,842 on Thursday, with trading month to date averaging 46,758 units at $420,194 versus 47,669 units at $418,884 on the previous trading day. The average trade for July amounts to 28,304 units at $283,023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s shed 3 cents to end at $45.50, with 157 shares changing hands, Angostura Holdings ended at $26.50 in switching ownership of 23 units, Clico Investment Fund remained at $31 after a transfer of 96,163 stocks. First Citizens Group popped 1 cent to close at $49.51 with the swapping of 3,753 stock units, GraceKennedy advanced 10 cents after ending at $5.40 while exchanging 63,374 units, Guardian Holdings climbed 80 cents to $26.30 after 1,879 shares crossed the market. JMMB Group dropped 3 cents to end at $2.30 after exchanging 116,431 stocks, Massy Holdings rose 23 cents to $4.73 with a transfer of 47,521 stock units, National Enterprises remained at $3.35 while trading 85,850 stocks. National Flour Mills rose 2 cents in closing at $1.57 with an exchange of 1,456 stock units, NCB Financial Group slipped 1 cent to close at a 52 weeks’ low of $5.05 after trading 4,000 shares, Scotiabank ended at $78 in an exchange of 12,446 units. Trinidad & Tobago NGL gained 50 cents ending at a 52 weeks’ high of $23 in trading 16,595 stock units, Unilever Caribbean rallied 7 cents to $12.59 in exchanging 6,300 shares and West Indian Tobacco ended unchanged at $23.50 with 34,929 stocks clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.