Market activity ended on the Jamaica Stock Exchange Main Market on Monday, with the volume of stocks traded declining slightly, after 16 percent less shares changed hands than on Friday, following 55 active securities compared to 51 on Friday, with 15 rising, 29 declining and 11 ending unchanged.
Overall, 8,975,299 shares were traded for $80,967,249 down from 9,624,890 units at $96,004,491 on Friday. Trading averages 163,187 units at $1,472,132, compared to 188,723 shares at $1,882,441 on Friday and month to date, an average of 183,006 units at $1,905,673, versus 186,350 units at $1,978,817 on the preceding trading day. June closed with an average of 281,913 units at $5,309,050.
Pulse Investments led trading with 2.08 million shares for 23.2 percent of total volume, followed by Wigton Windfarm with 1.93 million units for 21.5 percent of the day’s trade and Sterling Investments with 977,830 units for 10.9 percent market share.
The All Jamaican Composite Index dropped 1,589.45 points to settle at 434,420.67, the JSE Main Index last 1,076.84 points to 379,658.76 and the JSE Financial Index shed 0.30 points to settle at 90.09.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.9 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Investor’s Choice bid-offer indicator shows 15 stocks ended with bids higher than their last selling prices and three stocks with lower offers.
At the close, Barita Investments shed $1.74 in closing at $88.16, with 223,812 shares changing hands, Berger Paints gained 51 cents to $11.51, crossing the market 15,598 units, Caribbean Cement popped $1 after ending at $64, with 44,874 stock units crossing the exchange. Eppley dropped $3.83 to close at $38.67 while exchanging 1,082 stocks, First Rock Capital lost 65 cents to end at $11.85 in exchanging 14,054 units, GraceKennedy jumped $3.88 in closing at $102.48 in an exchange of 60,999 shares. Jamaica Producers declined 47 cents to end at $20.55 after closing with 17,201 stocks changing hands, Mayberry Jamaican Equities increased 66 cents to $13.66 in finishing trading 2,862 stock units, NCB Financial fell 50 cents to $97 with an exchange of 61,488 shares. 138 Student Living rose 39 cents to close at $5.16 in trading 4,272 units, Portland JSX dropped 95 cents to $11, with 75 stock units clearing the market, Proven Investments declined 50 cents to close at $35.50 after trading 99 stocks. Scotia Group fell 90 cents to end at $36.50 in switching ownership of 2,115 stocks, Seprod lost 45 cents after finishing at $71.50 in exchanging 1,859 units, Supreme Ventures shed 48 cents to $30.50, with 98,014 stock units crossing the market. 
Sygnus Credit Investments dropped 75 cents to end at $14.05 after exchanging 34,740 shares and Victoria Mutual Investments lost 81 cents in closing at $5.12 with the swapping of 68,219 stock units.
In the preference segment, Eppley 7.50% preference share rallied 36 cents after ending at $7.91 after trading 146 units and Productive Business Solutions 9.75% preference share fell $1.26 to $107 and closed with ten shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on JSE USD market
Trading on the Jamaica Stock Exchange US dollar market closed on Monday, with the volume of stocks traded rising jumping 94 percent and the value 105 percent more than on Friday, resulting in seven securities changing hands, the same as on Friday with one rising, four declining and two ending unchanged.
A total of 313,255 shares traded for US$18,398 compared to 161,279 units at US$8,982 on Friday. Trading averaged 44,751 units at US$2,628, versus 23,040 shares at US$1,283 on Friday, with a month to date average of 37,741 shares US$2,749 versus 36,415 units at US$2,772 on the previous day. Trading in June averaged 71,901 units for US$8,793.
The JSE US Denominated Equities Index gained 0.73 points, in ending at 213.56.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.3. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending, up to August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with a bid higher than the last selling prices and none with a lower offer.
At the close, First Rock Capital USD share lost 0.6 of a cent to close at 7.4 US cents in trading 2,000 shares, Margaritaville ended at 14.99 US cents after 24 stock units crossed the market, 
Proven Investments shed 0.8 of one cent in closing at 23 US cents with an exchange of 47,865 stocks. Sygnus Credit Investments USD share fell 0.02 of a cent to 12.95 US cents after an exchange of 37,800 units, Sygnus Real Estate Finance USD share remained at 12 US cents in switching ownership of 86 units and Transjamaican Highway gained 0.07 of a cent to end at 1 US cent in exchanging 225,442 shares.
In the preference segment, JMMB Group 6% dropped 8.9 cents and ended at US$1.011 after trading 38 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks mostly lower but TTSE indices rise
Market activity ended on the Trinidad and Tobago Stock Exchange on Monday, with the volume of stocks traded climbing 397 percent and the value surging 646 percent more than on Friday, as 19 securities changed hands up from 16 on Friday, with four rising, ten declining and five remaining unchanged.
Trinidad & Tobago Stock Exchange Head Quarters
The Composite Index increased 0.88 points to 1,386.53, the All T&T Index rallied 5.27 points to 2,043.28 and the Cross-Listed Index fell 0.54 points to close at 95.73.
Overall, 410,288 shares were traded for $9,493,000 versus 82,613 units at $1,273,369 on Friday. An average of 21,594 units traded at $499,632 compared to 5,163 shares at $79,586 on Friday, with trading month to date averaging 49,376 units at $445,652 versus 54,451 units at $435,791 on the prior trading day. The average trade for June amounts to 55,705 units at $392,249.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s shed 10 cents to close at $45.90, with 427 shares crossing the exchange, Angostura Holdings dropped 59 cents to end at $24.40, with 89 units clearing the market, Ansa McAl remained at $56.05 while exchanging 4,850 stocks. Calypso Macro Investment Fund lost $1.77 to $20.23 after trading 681 stock units, Clico Investment Fund advanced 48 cents in ending at $28.98 after switching ownership of 68,593 stock units, First Citizens Group declined 1 cent in closing at $50 with an exchanging of 1,022 shares. Guardian Holdings fell 5 cents to $27.26, trading 6,941 stocks, JMMB Group lost 6 cents to end at $2.35, with 69,717 units changing hands, L.J. Williams B share rallied 5 cents to close at a 52 weeks’ high of $2.15 after 18 stocks crossed the market. 
Massy Holdings ended unchanged at $5.09 after exchanging 78,728 shares, National Enterprises dipped 3 cents to close at $3.20, with 446 stock units changing hands, National Flour Mills gained 1 cent to $1.71 in trading 540 units. One Caribbean Media declined 10 cents in closing at $4 with the swapping of 139 shares, Prestige Holdings finished at $6.99 in an exchange of 68 stocks, and Republic Financial Holdings fell 6 cents to $141 with an exchange of 8,810 units. Scotiabank climbed 61 cents to end at $78, with 26,219 stock units crossing the market, Trinidad & Tobago NGL finished at $21.50 after exchanging 117,388 stock units, Unilever Caribbean shed 12 cents to close at a 52 weeks’ low of $1 after an exchange of 908 units and West Indian Tobacco ended unchanged at $23.50, with 24,704 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big gains for ICTOP10 stocks
The markets bobbed and weaved this past week as investors mostly remained on the sidelines until late this month, ahead of the imminent release of second quarter results. Notwithstanding, there were a few strong moves in both markets.
In the Junior Market, Caribbean Cream climbed 16 percent to $4.66, followed by an 11 percent rise for Access Financial, while Lasco Distributors rose 7 percent to $3.43 and Elite Diagnostic gained 6 percent to close at $3.70. The Main Market saw Key Insurance jumping 23 percent to $4.17.
The Main Market, Radio Jamaica, dropped 15 percent to $2.47 and Berger Paints gave up 10 percent at $11. In the Junior Market, Medical Disposables, CAC 2000 and Lasco Financial fell 5 percent.
The week ended with one new listing in the TOP10 Main market as Key Insurance moved on with the strong gain mentioned above and Jamaica Broilers surged in following a jump in projected earnings after posting full year results.
Keep a careful watch on AMG Packaging, Dolphin Cove, Express Catering, General Accident Lasco Distributors, Lasco Manufacturing and Stationery and Office Supplies. Dolphin Cove, Caribbean Producers, Express Catering will be significant beneficiaries of the strong rebound in tourist arrivals and the supply of General Accident has declined sharply over the past few weeks.
The average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 14.1, while the Junior Market Top 10 PE is 6.1 versus the market at 13.2. The Junior Market TOP10 is projected to gain an average of 235 percent to May 2023 and the Main Market 244 percent.
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 from selecting stocks 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.
Pull back for JSE Main Market
Market activity ended on Friday, with the volume of stocks traded declining after trading 7 percent less valued 42 percent less than on Thursday on the Jamaica Stock Exchange Main Market as declining stocks exceeded those rising with just 51 securities compared to 56 on Thursday, with 15 rising, 20 declining and 16 ending unchanged.
Overall, 9,624,890 shares were traded for $96,004,491 versus 10,333,128 units at $164,852,282 on Thursday. Trading averages 188,723 units at $1,882,441, versus 184,520 shares at $2,943,791 on Thursday and month to date, an average of 186,350 units at $1,978,817, compared to 185,910 units at $1,996,690 on the previous trading day. June closed with an average of 281,913 units at $5,309,050.
The All Jamaican Composite Index lost 638.68 points to settle at 436,010.12, the JSE Main Index fell 1,167.36 points to end at 380,735.60 and the JSE Financial Index rose 0.05 points to settle at 90.39.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.1 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Wigton Windfarm led trading with 2.54 million shares for 26.4 percent of total volume, followed by Transjamaican Highway with 1.61 million units for 16.8 percent of the day’s trade and Sagicor Select Manufacturing & Distribution Fund with 1.15 million units for 12 percent market share.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and four stocks with lower offers.
At the close, Barita Investments advanced $1.93 to $89.90 in switching ownership of 212,065 shares, Berger Paints shed $1.40 to end at $11 in exchanging 164,617 stocks, Caribbean Cement climbed $1, ending at $63, trading 10,140 units. GraceKennedy dropped $3.59 to $98.60 after exchanging 57,747 stock units, Jamaica Broilers rose $1.10 to $27 in an exchange of 29,735 shares, Jamaica Producers declined 95 cents to close at $21.02, finishing at 15,069 units. Jamaica Stock Exchange fell 44 cents to end at $18.06 with the swapping of 11,560 stock units, Kingston Properties lost 55 cents ending at $7.65 with an exchange of 54,458 stocks, Kingston Wharves shed $1.31 to $37.68, closed at 11,984 stocks. Massy Holdings lost $2.36 in closing at $91.64, crossing the market 3,614 shares, Mayberry Investments rose 80 cents to close at $10 in exchanging 115,934 stock units, NCB Financial dropped 50 cents to end at $97.50, changing hands 337,156 units. 
Sagicor Group gained $1.20 in closing at $55.20, crossing the market 41,672 stock units, Scotia Group rallied $1.40, ending at $37.40, clearing the market with 12,611 shares, Seprod popped 70 cents to $71.95 trading 11,533 units and Sygnus Credit Investments climbed 80 cents to end at $14.80 crossing the exchange 359,348 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Decline for JSE USD market
The volume and value of stocks traded declined sharply on Friday after 68 percent fewer shares with 82 percent less value passed through the Jamaica Stock Exchange US dollar market on Thursday. Seven securities traded compared to five on Thursday, with none rising, four declining and three ending unchanged.
Overall, 161,279 shares traded for US$8,982, down from 499,825 units at US$49,241 on Thursday. Trading averaged 23,040 units at US$1,283 versus 99,965 shares at US$9,848 on Thursday, with a month to date average of 36,415 shares at US$2,772, down from 39,536 units at US$3,120 previously. June ended with an average of 71,901 units for US$8,793.
The JSE US Denominated Equities Index lost 1.97 points to end at 212.83.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Investor’s Choice bid-offer indicator shows two ended with a bid higher than the last selling prices and one with a lower offer.
At the close, First Rock Capital USD share remained at 8 US cents in exchanging 28,569 shares, Margaritaville ended unchanged at 14.99 US cents with the swapping of 53 units, 
Proven Investments dropped 0.5 of a cent in closing at 23.8 US cents after switching ownership of 18,328 stocks. Sygnus Credit Investments USD share shed 0.01 of a cent in ending at 12.97 US cents, with 12,509 stock units clearing the market, Sygnus Real Estate Finance USD share finished at 12 US cents with 122 stocks changing hands and Transjamaican Highway lost 0.02of a cent in closing at 0.93 of one US cents after exchanging 101,674 units.
In the preference segment, JMMB Group 6% fell 1 cent to US$1.10 after trading 24 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading dives Friday on TTSE
Market activity on the Trinidad and Tobago Stock Exchange ended on Friday, with the volume of stocks traded declining by a hefty 96 percent, with the value 95 percent lower than on Thursday.
A total of 16 securities traded compared to 15 on Thursday, with five stocks rising, five declining and six unchanged. The Composite Index rallied 8.06 points to 1,385.65, the All T&T Index rose 0.59 points to 2,038.01 and the Cross-Listed Index popped 2.25 points to close at 96.27.
Overall, 82,613 shares were traded for $1,273,369 down from 2,224,306 units at $23,875,325 on Thursday. An average of 5,163 units traded at $79,586 compared to 148,287 shares at $1,591,733 on Thursday, with trading month to date averaging 54,451 units at $435,791 versus 63,413 units at $500,555 on the previous trading day. The average trade for June amounts to 55,705 units at $392,249.
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, Clico Investment Fund declined 48 cents in closing at $28.50 after trading 8,835 shares, First Citizens Group fell 3 cents to $50.01 trading 976 units, GraceKennedy dipped 1 cent to $5.48 in an exchange of 5,490 stocks. Guardian Holdings finished at $27.31 with 6,500 stock units changing hands, JMMB Group remained at $2.41 with the swapping of 40 stocks, Massy Holdings dipped 1 cent in closing at $5.09 after exchanging 8,189 stock units. 
National Enterprises ended at $3.23 while exchanging 15,000 shares, NCB Financial Group popped 24 cents to $5.50 with 20 units crossing the market, One Caribbean Media rallied 10 cents to end at $4.10 in exchanging 16,000 stocks. Prestige Holdings rose 24 cents to $6.99 with an exchange of 109 stock units, Republic Financial Holdings advanced 6 cents to $141.06 in trading 661 units, Scotiabank rallied $1.14 to $77.39, with 2,528 shares changing hands. Trinidad & Tobago NGL remained at $21.50 after exchanging 9,216 stock units, Trinidad Cement finished at $3.50 in switching ownership of 3,900 shares, Unilever Caribbean shed 1 cent in closing at a 52 weeks’s low of $13.84, with 1,022 stocks crossing the market and West Indian Tobacco ended unchanged at $23.50 with 4,127 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market rise with increased trades
Trading picked on the Jamaica Stock Exchange Main Market on Thursday, with the volume of stocks traded rising 10 percent with an 85 percent greater value than on Wednesday as declining stocks exceeded those rising.
Trading accounted for 56 securities on Thursday and Wednesday, with 18 rising, 23 declining and 15 ending unchanged.
A total of 10,333,128 shares were traded for $164,852,282, up from 9,365,107 units at $89,019,484 on Wednesday.
Trading averages 184,520 units at $2,943,791, versus 167,234 shares at $1,589,634 on Wednesday. Month to date, trading averaged 185,910 units at $1,996,690, compared to 186,265 units at $1,754,509 on the previous trading day. June closed with an average of 281,913 units at $5,309,050.
The All Jamaican Composite Index popped 1,484.03 points to settle at 436,648.80, the JSE Main Index rallied 331.94 points to 381,902.96 and the JSE Financial Index advanced 0.09 points to settle at 90.34.
Wigton Windfarm led trading with 2.17 million shares for 21 percent of total volume, followed by JMMB Group with 1.96 million units for 19 percent of the day’s trade. Sagicor Select Financial Fund ended with 1.42 million units for 13.7 percent market share and Transjamaican Highway with 1.38 million units for 13.3 percent of shares transferred.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.3 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Caribbean Cement lost $2 in closing at $62 while exchanging 21,813 shares, Eppley Caribbean Property Fund declined $1 in ending at $39.50 and trading 2,118 units, GraceKennedy shed 45 cents to close at $102.19 in an exchange of 30,898 stock units. Guardian Holdings dropped $19.79 to end at $502 after trading 1,135 stocks, Jamaica Broilers fell $2.10 to $25.90 and closed with 46,373 stock units changing hands, Jamaica Producers gained 87 cents to close at $21.97, with an exchange of 9,299 units. Jamaica Stock Exchange climbed 44 cents to $18.50 with 1,083 shares clearing the market, Kingston Wharves advanced $1.29 to $38.99 with the swapping of 28 stocks, Massy Holdings shed $1 in closing at $94 with an exchange of 111 shares. Mayberry Investments declined 79 cents to end at $9.20 in switching ownership of 303 stock units, NCB Financial fell $1 to $98, with 275,137 stocks crossing the market, PanJam Investment rallied $1 to end at $66witg 4,065 units changing hands. Portland JSX popped $1.35 to $11.85 after trading 90 units, Proven Investments increased $3 to close at $36, with 9,446 shares crossing the market, Sagicor Group dropped $1 in closing at $54 in exchanging 104,607 stock units. 
Stanley Motta rose 58 cents to close at $5.58 in exchanging 30,300 stocks, Sterling Investments climbed 40 cents in closing at $2.90 after trading 18,904 stock units, Sygnus Credit Investments fell 75 cents to $14 in transferring 89,703 stocks and Sygnus Real Estate Finance shed $2 to $13 while exchanging 1,922 shares.
In the preference segment, Eppley 7.25% preference share fell 99 cents to end at $21 with the swapping of 50 units and Eppley 7.50% preference share popped 69 cents to end at $7.59, with 50 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for JSE USD market
The Jamaica Stock Exchange, US dollar market, closed trading on Thursday, with the volume of stocks traded rising 15 percent over Wednesday as the value jumped 216 percent, resulting in five securities trading, compared to six on Wednesday, with three rising, one declining and one ending unchanged.
A total of 499,825 shares were traded for US$49,241 up from 435,401 units at US$15,558 on Wednesday. Trading averaged 99,965 units at US$9,848, compared to 72,567 shares at US$2,593 on Wednesday, with a month to date average of 39,536 shares at US$3,120 versus 27,450 units at US$1,774 on the previous day. June ended with an average of 71,901 units for US$8,793.
The JSE US Denominated Equities gained 1.01 points to end at 214.80. The PE Ratio, a measure used in computing appropriate stock values, averages 9.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with a bid higher than the last selling prices and none with a lower offer.
At the close, First Rock Capital USD share gained 0.16 of a cent to end at 8 US cents after exchanging 304,380 shares, Productive Business Solutions finished at US$1.14 in trading 87 stocks, Proven Investments shed 0.19 of a cent to 24.3 US cents with 50 units clearing the market and Sygnus Credit Investments USD share increased 0.48 of a cent in closing at 12.98 US cents, with 195,291 stock units crossing the exchange.
In the preference segment, JMMB Group 6% popped 9.9 cents to close at US$1.11 with an exchange of 17 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on Trinidad & Tobago Exchange
Robust trading ended on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks trading climbing 110 percent with a 331 percent surge in the value over Wednesday, resulting in more stocks declining than gaining.
Fifteen securities traded down from 21 on Wednesday, with four stocks rising, seven declining and four remaining unchanged.
A total of 2,224,306 shares traded for $23,875,990 up sharply over the 1,060,359 units at $5,544,240 on Wednesday. An average of 148,287 units traded at $1,591,733 compared to 50,493 shares at $264,011 on Wednesday, with trading month to date averaging 63,413 units at $500,555 in contrast to 45,973 units at $276,341 on the previous trading day. The average trade for June amounts to 55,705 units at $392,249.
The Composite Index shed 3.90 points to 1,377.59, the All T&T Index gained 4.48 points to close at 2,037.42 and the Cross-Listed Index slipped 1.80 points to 94.02.
Investor’s Choice bid-offer indicator shows one ended with a bid higher than their last selling prices and one stock with a lower offer.
At the close, Calypso Macro Investment Fund ended unchanged at $22, trading 50 shares, Clico Investment Fund rallied 38 cents to $28.98 in switching ownership of 68,356 stock units, Endeavour Holdings lost 50 cents to close at $7 in trading 95 units. First Citizens Group climbed 2 cents to $50.04 with the swapping of 391 stocks, FirstCaribbean International Bank remained at $5.01, with 1,935,981 stock units crossing the exchange, Guardian Media fell 6 cents in closing at $3.04 after exchanging 805 stocks. 
Massy Holdings finished at $5.10 with an exchange of 4,637 units, National Flour Mills dropped 5 cents to $1.70 in an exchange of 336 shares, NCB Financial Group declined 24 cents in ending at a 52 week,s low of $5.26 while exchanging 184 stock units. Republic Financial Holdings shed $1 to end at $141 in trading 50,289 stocks, Scotiabank declined $1.15 after finishing at $76.25 and exchanging 27,238 units, Trinidad & Tobago NGL rose 76 cents to close at $21.50 in trading 93,376 shares. Trinidad Cement fell 1 cent to $3.50, with 305 units crossing the market, Unilever Caribbean remained at $13.85 with 35 shares changing hands and West Indian Tobacco increased $1 in closing at $23.50 in exchanging 42,228 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
