Trading picked up sharply on Tuesday at the close of the Jamaica Stock Exchange US dollar market, with the volume of stocks traded surging 1,022 percent and the value climbing 644 percent more than on Monday and resulting in seven securities trading, down from nine on Monday, with two rising, one declining and four ending unchanged.
The JSE US Denominated Equities Index gained 1.18 points to end at 216.12.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.1. The PE ratio is based on ICInsider.com earnings forecasts for companies with financial years ending, between November this year and August 2023.
A total of, 2,380,018 shares traded for US$85,715 versus 212,103 units at US$11,513 on Monday. Trading averaged 340,00 units at US$12,245, compared to 23,567 shares at US$1,279 on Monday, with month to date average of 161,545 shares at US$5,759 versus 124,804 units at US$4,424 on the previous day. May ended with an average of 47,916 units for US$3,528.
Investor’s Choice bid-offer indicator shows three ended with a bid higher than the last selling prices and none with a lower offer.
At the close, First Rock Capital USD share finished at 7.5 US cents while exchanging 35 shares, Margaritaville ended unchanged at 15 US cents with the swapping of 207 stock units, Proven Investments shed 0.01 cents to end at 26.49 US cents, with 235,369 stocks crossing the market. Sterling Investments remained at 2 US cents trading 29,028 units, Sygnus Credit Investments USD share gained 0.11 of a cent in closing at 11.21 US cents after an exchange of 37,602 units and Transjamaican Highway popped 0.1 of a cent to 1 US cent in exchanging 2,077,677 stock units.
In the preference segment, JMMB Group 5.75% finished at US$2.30 after the trading of 100 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sharp jump in trading on the JSEUSD market
Gains for TTSE market
The volume of stocks traded surged 684 percent on the Trinidad and Tobago Stock Exchange on Tuesday, with a modest increase in value over trading on Monday, with sharp jump in the number of securities trading.
Some 23 securities traded up from 16 on Monday, with eight rising, seven declining and eight unchanged. The Composite Index popped 9.09 points to 1,423.17, the All T&T Index rallied 8.35 points to 2,079.90 and the Cross-Listed Index climbed 1.38 points to settle at 100.85.
A total of 1,338,190 shares traded for $8,140,410 compared to 170,637 units at $7,974,540 on Monday. An average of 58,182 units traded at $353,931 versus 10,665 shares at $498,409 on Monday, with trading month to date averaging 23,958 units at $256,801 versus 13,601 units at $227,269. The average trade for May amounts to 45,890 units at $370,328.
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 finished at $47.25 with an exchange of 100 shares, Angostura Holdings remained at $23 and closed with trading of 4,854 units, Calypso Macro Investment Fund advanced 14 cents to close at $19, with 1,074 stocks crossing the market. CinemaOne increased 50 cents in closing at $3.95 after trading 110 stock units, Clico Investment Fund slipped $1 to $28 after 291 stocks crossed the exchange, Endeavour Holdings popped 1 cent to $7.50 trading 830 stock units. First Citizens Group climbed $1.33 to $54.33, with 1,264 units clearing the market, FirstCaribbean International Bank ended at $5.25 in exchanging 6,061 shares, GraceKennedy gained 10 cents to end at $5.90 in an exchange of 1,920 shares. Guardian Holdings dropped 5 cents in closing at $27.25, with 3,382 units crossing the market, JMMB Group shed 2 cents to close at $2.42 while exchanging 5,000 stock units, Massy Holdings fell 1 cent to end at $5.23 after trading 1,259,149 stocks. National Enterprises remained at $3.24 in switching ownership of 301 units, National Flour Mills finished at $1.80 in exchanging 40 stocks, NCB Financial Group rallied 6 cents to $5.66 in trading 3,676 stock units. One Caribbean Media ended unchanged at $4.17, with 5,000 shares changing hands, Point Lisas rose 35 cents to $3.40 with the swapping of 10,000 stock units, and Republic Financial Holdings remained at $141 in trading 343 shares. Scotiabank ended at $78 in switching ownership of 6,040 stocks, Trinidad & Tobago NGL declined 80 cents to close at $20.20 in exchanging 11,048 units, Trinidad Cement increased 28 cents in ending at $3.88 trading eight stocks. Unilever Caribbean shed 10 cents in closing at $19.75 while exchanging 16,959 stock units and West Indian Tobacco declined 10 cents to close at $23.40 after 740 units changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD market eases back
On Monday, the volume and value of shares traded on the Jamaica Stock Exchange US dollar market declined by 94 percent and 87 percent, respectively, resulting in an even number of stocks rising and falling.
A total of nine securities traded, compared to eight on Friday, with two rising, two declining and five ending unchanged.
The JSE US Denominated Equities Index slipped 0.16 points to end at 214.94.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
A total of 212,103 shares traded for US$11,513 down from 3,358,668 units at US$92,093 on Friday.
Trading averaged 23,567 units at US$1,279, compared to 419,834 shares at US$11,512 on Friday, with a month to date average of 124,804 shares at US$4,424 versus 161,249 units at US$5,556 on the previous day. May ended with an average of 47,916 units for US$3,528.
Investor’s Choice bid-offer indicator shows three ended with bids higher than the last selling prices and none with a lower offer.
At the close, First Rock Capital USD share remained at 7.5 US cents with 15,710 shares crossing the exchange, Margaritaville ended at 15 US cents with the swapping of 33 stocks, Proven Investments ended unchanged at 26.5 US cents after the trading of 9,423 units. Sterling Investments shed 0.14 of a cent to end at 2 US cents in exchanging 606 stock units, Sygnus Credit Investments USD share rose 0.02 of a cent in closing at 11.1 US cents with 42,260 units changing hands, Sygnus Real Estate Finance USD share finished at 12 US cents in an exchange of 1,248 stock units and Transjamaican Highway ended at 0.9 of a US cent in trading 141,092 stocks.
In the preference segment, JMMB Group 5.75% lost 2 cents after ending at US$2.30 in exchanging one share and JMMB Group 6% gained 9 cents in closing at US$1.10 after trading 1,730 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slippage for Trinidad stocks
Market activity ended on the Trinidad and Tobago Stock Exchange on Monday, with the volume of stocks traded declining 14 percent with 205 percent higher value than on Friday and leading to modest changes in the market indices.
A total of 16 securities traded compared to 18 on Friday, with five stocks rising, two declining and nine remaining unchanged. The Composite Index slipped 0.91 points to 1,414.08, the All T&T Index fell 3.38 points to 2,071.55 and the Cross-Listed Index rallied 0.24 points to settle at 99.47.
Overall, 170,637 shares traded for $7,974,540 compared to 198,937 units at $2,615,349 on Friday. An average of 10,665 units traded at $498,409 compared to 11,052 shares at $145,297 on Friday, with trading month to date averaging 13,601 units at $227,272 versus 14,384 units at $154,969. The average trade for May amounts to 45,890 units at $370,328.
Investor’s Choice bid-offer indicator shows four stocks that ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s gained 5 cents to close at $47.25, trading 100 shares, Angostura Holdings finished at $23 with an exchange of 2,454 stock units, Clico Investment Fund popped 50 cents to $29 in exchanging 35,073 units. First Citizens Group shed $1.98 in closing at $53, with 580 stocks changing hands, FirstCaribbean International Bank ended unchanged at $5.25 in switching ownership of 1,400 stocks, GraceKennedy rallied 10 cents to close at $5.80 after trading 10,478 shares. Guardian Holdings remained at $27.30 after 30 stock units were exchanged, JMMB Group declined 1 cent in ending at $2.44, with 1,919 units clearing the market, Massy Holdings ended at $5.24 after 19,494 stock units changed hands. National Flour Mills remained at $1.80 while exchanging ten units, One Caribbean Media finished at $4.17 in trading 1,000 shares, Republic Financial Holdings climbed 75 cents to $141 with an exchange of 37,574 stocks. Scotiabank increased 1 cent to $78 after exchanging 554 shares, Trinidad & Tobago NGL finished at $21 in an exchange of 4,696 stocks, Unilever Caribbean ended unchanged at $19.85 after the trading of 13,788 stock units and West Indian Tobacco remained at $23.50 with the swapping of 41,487 units.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
One new entry to ICTOP10
Prices of several stocks rebounded this past week as the selloff to fund the Dolla Financial IPO receded, but the changes had little impact on changing stocks in the TOP10, with just one new entrant to the listing.
Following last week’s 330 points fall, the Junior Market index recovered 143 points by the end of the week, while the Main Market All Jamaica Index lost 211 points on top of the 5,954.55 points given up in the previous week.
This week’s market performance resulted in mostly gains for TOP10 stocks. In the Junior Market, Medical Disposables rose 12 percent to $7.85, while Access Financial gained 9 percent to close at $21.80 and Lasco Financial rallied 6 percent to $3.50, following the release of full year results to March, with profit doubling to $306 million for earnings per share of 24 cents. Elite slipped 6 percent in closing at $3.40 and Caribbean Cream fell 5 percent to $4.69.
For the TOP10 Main Market stocks, Productive Business Solutions gained 15 percent to US$1.15, VM Investments rose 13 percent to $5.87, Berger Paints rallied 6 percent to $11.30, followed by QWI Investments up 5 percent to 89 cents. Sygnus Credit Investments declined 5 percent to $14.80 and JMMB Group slipped 4 percent to $44 following the release of full year results.
Jetcon Corporation price dipped to $1.32 and squeezed out General Accident from the Junior Market TOP10.
Medical Disposables reported full year results to March, on Thursday, with profit before tax surging 938 percent to $143 million and profit due to the parent company shareholders before extraordinary gains in 2021 of $62 million, rising to $105 million, from $7.5 million, with revenues up 42 percent over the previous year.
The average PE for the JSE Main Market TOP 10 ends the week at 6.2, well below the market average of 15.1, while the Junior Market PE for the Top 10 is six versus the market at 13.4. The Junior Market TOP10 is projected to gain an average of 235 percent to May 2023 and the Main Market 228 percent.
Watch these stocks that are sitting just outside the TOP10, the list includes Key Insurance, followed by Caribbean Producers, Scotia Group and Sagicor Group from the Main Market and in the Junior Market, Dolphin Cove, General Accident and Iron Rock Insurance.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. 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 emotional attachments to 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, based on the possible increase for each company, considering the earnings and PE ratios 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.
Sharp jump in JSE USD trading
Trading jumped sharply on the Jamaica Stock Exchange US dollar market on Friday, with the volume of stocks traded jumping 675 percent and the value 175 percent more than on Thursday which resulted in more stocks falling than rising.
A total of eight securities traded, down from 10 on Thursday with one rising, three declining and four ending unchanged. The JSE US Denominated Equities Index slipped 0.04 points to end at 215.10.
The PE Ratio, a measure used to compute appropriate stock values, averages 8.9. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending, up to August 2023.
Overall, 3,358,668 shares traded for US$92,093, up from 433,478 units at US$33,431 on Thursday.
Trading averaged 419,834 units at US$11,512, up from 43,348 shares at US$3,343 on Thursday, with month to date average of 161,249 shares at US$5,556 versus 39,563 units at US$2,754 on the previous day. May ended with an average of 47,916 units for US$3,528.
Investor’s Choice bid-offer indicator shows three ended with a bid higher than the last selling prices and one with a lower offer.
At the close, First Rock Capital USD share dropped 0.35 of a cent to close at 7.5 US cents after exchanging 2,011 shares, Margaritaville ended at 15 US cents, with 5 stocks crossing the market, Productive Business Solutions finished at US$1.15 after exchanging one stock unit. Proven Investments advanced 0.5 of a cent to 26.5 US cents in trading 221,280 units, Sygnus Credit Investments USD share fell 0.02 of a cent in closing at 11.08 US cents while exchanging 52,041 shares and Transjamaican Highway ended unchanged at 0.90 of one US cents after 3,082,665 stock units changed hands.
In the preference segment, JMMB Group 5.75% remained at US$2.32 trading one and JMMB Group 6% declined 9 cents in closing at US$1.01 with the swapping of 664 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks dominate in Trinidad
Activity on the Trinidad and Tobago Stock Exchange ended on Friday, with the volume of stock trades inching moderately higher after a 35 percent increase over Thursday, leading to nearly three stocks rising for every four that declined.
A total of 18 securities traded, down from 21 on Thursday, with 11 stocks rising, four declining and three remaining unchanged. The Composite Index rallied 0.72 points to 1,414.99, the All T&T Index advanced 2.16 points to 2,074.93 and the Cross-Listed Index shed 0.12 points to settle at 99.23.
A total of 198,937 shares traded for $2,615,349 compared to 193,284 units at $1,943,770 on Thursday. An average of 11,052 units traded at $145,297 compared to 9,204 shares at $92,560 on Thursday, with trading month to date averaging 14,384 units at $154,969 versus 15,812 units at $159,115. The average trade for May amounts to 45,890 units at $370,328.
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, Angostura Holdings increased 5 cents to $23 after 2,510 shares were traded, Ansa McAl gained 50 cents to close at $56.50 with 200 units changing hands, Calypso Macro Investment Fund declined $2.64 to end at $18.86, with 82 stocks crossing the market. Clico Investment Fund fell 25 cents to $28.50 with 40,179 stock units changing hands, FirstCaribbean International Bank ended unchanged at $5.25 in an exchange of 9,451 units, GraceKennedy rallied 6 cents to close at $5.70 in exchanging 400 stocks. Guardian Holdings shed 70 cents to $27.30, trading 3,600 shares, JMMB Group lost 5 cents in closing at $2.45 in swapping 4,488 stock units, L.J. Williams B share popped 25 cents after ending at $1.95 in switching ownership of 3,412 shares. Massy Holdings rose 4 cents to end at $5.24 with 89,272 stocks traded, National Enterprises remained at $3.24 while exchanging 436 stock units, One Caribbean Media climbed 17 cents to $4.17 after 18,175 units changed hands. Republic Financial Holdings advanced 25 cents to $140.25 with the swapping of 93 stock units, Scotiabank climbed 4 cents to close at $77.99 with an exchange of 2,959 stocks, Trinidad & Tobago NGL increased 1 cent to end at $21 after trading 10,168 shares. Trinidad Cement popped 5 cents in closing at $3.60 after exchanging 3,992 units, Unilever Caribbean rose $1.10, after ending at $19.85, with 990 stock units clearing the market and West Indian Tobacco finished at $23.50 while exchanging 8,530 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Index gains for TTSE
Market activity on the Trinidad and Tobago Stock Exchange ended on Thursday, with the volume and the value of stocks traded, declining 59 percent compared to Wednesday and leading to gains in the leading market indices.
A total of 21 securities traded similar to Wednesday, with four stocks rising, six declining and 11 remaining unchanged. The Composite Index gained 2.96 points to settle at 1,414.27, the All T&T Index rallied 11.42 points to 2,072.77 and the Cross-Listed Index declined 0.85 points to settle at 99.35.
Overall, 193,284 shares traded for $1,940,770 from 470,813 units at $4,736,049 on Wednesday.
An average of 9,204 units traded at $92,560 compared to 22,420 shares at $225,669 on Wednesday, with trading month to date averaging 15,812 units at $159,115. The average trade for May amounts to $45.890 units at $370,328.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Agostini’s dropped 5 cents to $47.20, with 33 shares crossing the market, Angostura Holdings ended unchanged at $22.95 in trading 13 stocks, Ansa McAl finished at $56 in switching ownership of 20 units. CinemaOne rallied 45 cents to close at $3.45 after trading ten stock units, Clico Investment Fund fell 25 cents to end at $28.75 after exchanging 173 shares, Endeavour Holdings remained at $7.49, with 403 stock units changing hands. First Citizens Group rose $1.98 to end at $54.98 in an exchange of 299 units, FirstCaribbean International Bank popped 1 cent to $5.25 in exchanging 1,229 stocks, Guardian Holdings finished at $28, with 526 shares clearing the market. JMMB Group ended at $2.50, trading 1,302 stocks, Massy Holdings remained at $5.20 with the swapping of 131,920 units, National Enterprises increased 22 cents to end at $3.24 after exchanging 500 stock units. NCB Financial Group lost 15 cents to close at a 52 weeks’ low of $5.60 with an exchange of 24,176 stocks, One Caribbean Media remained at $4, with 94 stock units crossing the exchange, Prestige Holdings finished at $7 while exchanging 14 shares. Republic Financial Holdings declined 12 cents to end at $140 in trading 3,527 units, Scotiabank shed 4 cents to close at $77.95 after 1,395 stock units crossed the market, Trinidad & Tobago NGL ended unchanged at $20.99 with an exchange of 146 stocks. Trinidad Cement finished at $3.55 in trading 4,902 shares, Unilever Caribbean fell 15 cents in closing at $18.75 while exchanging 18,388 units and West Indian Tobacco remained at $23.50 in switching ownership of 4,214 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.