Trading surged on the Trinidad and Tobago Stock Exchange on Monday, resulting in 378 percent more shares changing hands, with the value rising 52 percent higher than Friday, as the market closed with more stocks declining than rising.
A total of 20 securities traded up from 17 on Friday, with seven rising, ten declining and three remaining unchanged. The Composite Index advanced 2.85 points to 1,429.00, the All T&T Index slipped 2.32 points to 2,065.10 and the Cross-Listed Index rose 1.17 points to 104.79.
A total of 972,898 shares traded for $8,097,356 versus 203,374 units at $5,308,776 on Friday. An average of 48,645 units traded at $404,869 compared to 11,963 shares at $312,281 on Friday, with trading month to date averaging 42,813 units at $458,820 versus 42,385 at $462,772, previously. The average trade for March amounts to 36,197 units at $438,630.
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 20 cents to end at $46 in an exchange of 280 shares, Angostura Holdings popped 24 cents to close at a 52 weeks’ high of $23 with the swapping of 10 stock units, CinemaOne declined 11 cents in closing at a 52 weeks’ low of $3.25 with an exchange of 1,101 stocks. Clico Investment Fund advanced 25 cents to $29.75 while exchanging 67,148 units, First Citizens Group remained at $52, with 3,083 stock units crossing the exchange, FirstCaribbean International Bank fell 35 cents in closing at a 52 weeks’ low of $5.50, clearing the market with 5,894 units. GraceKennedy climbed 61 cents to $6, with 454,000 shares changing hands, Guardian Holdings finished at $26.30, exchanging 1,240 stocks, JMMB Group lost 2 cents to end at $2.41 in an exchange of 10,000 units. Massy Holdings dropped 10 cents to close at $5.24 after trading 261,689 stock units, National Enterprises increased 5 cents to close at $3, with 40 stocks crossing the market, National Flour Mills rallied 20 cents, ending at $1.80 in trading 1,700 shares. NCB Financial Group gained 2 cents in closing at $6.10 after 3,515 units crossed the market, One Caribbean Media fell 3 cents to end at $4.15 trading 53,050 stocks, Republic Financial Holdings declined 73 cents to $140.02 in switching ownership of 2,271 shares. Scotiabank shed $1.10 to land at $80 in trading 1,883 stock units, Trinidad & Tobago NGL dropped 5 cents to $20.60 after exchanging 9,011 stocks, Trinidad Cement rose 8 cents in closing at $3.60, with 57,855 shares changing hands. Unilever Caribbean ended unchanged at $16 in switching ownership of 38,573 stock units and West Indian Tobacco lost 5 cents to close at a 52 weeks’ low of $23.90 with 555 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise.
Trading picks up on Trinidad Stock Exchange
Former ICTOP10 stock jumps 130%
The star performer for the week was iCreate, up 132 percent and Supreme Ventures, with a 30 percent price movement in the market during the week, but several ICTOP10 stocks had some noted moves as well.
iCreate, more than doubled, surging from the previous week’s $1.36 close to $3.16. The move coincides primarily with two acquisition announcements with little or no information given as to the cost and funding, leading to wild speculation in the stock. Supreme Ventures (SVL) stock jumped to a 52 weeks’ high of $33.41 from $24.49 at the end of the previous week. The SVL was more solidly based as the company reported solid increased profits for the March quarter as investors pushed the price sharply higher in response.
There are two changes to this week’s ICTOP10 listing. Lasco Distributors returns to the Junior Market TOP10 as Stationery and Office Supplies slipped out. The latter rose 15 percent to close the week at $9.11. The expectations are that the company will have blowout first quarter results, helped by school opening and following a strong 2021 fourth quarter. The Main Market welcomed back Jamaica Stock Exchange share that will benefit from an upsurge in trading activity in the first quarter as Scotia Group fell out, still looking attractively priced at $35.20, with Bank of Jamaica increasing interest rates is positively impacting the results.
The Junior Market ended with three stocks rising from 8 to 15 percent. Caribbean Assurance Brokers climbed 10 percent for the week while Jetcon Corporation rose 8 percent to close at $1.40. Declining were Lasco Financial, down 8 percent and Access Financial and AMG Packaging, down 5 percent, as buying eased markedly following improved results released at the close of the market ahead of the Easter weekend. Investors seem not to be factoring in cost savings and increased efficiency that the newly installed machine brings to the business following the close of the recent quarter. With a 5 percent rise, Guardian Holdings was the biggest mover in the Main Market.
The average PE for the JSE Main Market TOP 10 ends the week at 6.2, well below the market average of 14.8, while the Junior Market PE for the Top 10 sits at 6 versus the market at 13.8. The Junior Market TOP10 is projected to gain an average of 249 percent by May 2023 and the Main Market 200 percent.
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. They 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.
Trading falls on JSE USD Market
A total of six securities were traded, down from 10 on Thursday, with one rising, three declining and two unchanged.
The JSE US Denominated Equities Index gained 2.49 points to end at 223.49. Overall, 213,719 shares traded for US$4,901 compared to 627,113 units at US$21,458 on Thursday.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.7. The PE ratio uses ICInsider.com earnings forecasts for companies with the financial year closing at the end of August 2023.
Trading averaged 35,620 units at US$817, compared to 62,711 shares at US$2,146 on Thursday, with month to date average of 116,871 shares at US$4,666 versus 121,698 units at US$4,895 on the previous day. March ended with an average of 59,258 units for US$6,669.Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and none with a lower offer.
At the close, First Rock Capital USD share ended at 7.95 US cents after exchanging 136 shares, Margaritaville ended at 16 US cents with an exchange of 683 units, Proven Investments lost 0.01 of a cent to 24.98 US cents, with 115 stock units crossing the market. Sterling Investments fell 0.22 of a cent to end at 2.01 US cents, closed at 55,791 stocks, Sygnus Credit Investments USD share dropped 0.1 of a cent in ending at 12.8 US cents crossing the market 16,994 units and Transjamaican Highway rallied 0.1 o one cent to end at 1.11 US cents with the swapping of 140,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks ended mixed on Friday on TTSE
Declining stocks just edged out those rising at Friday’s close of the Trinidad and Tobago Stock Exchange after trading 10 percent fewer shares, but with a 26 percent greater value than on Thursday.
A total of 17 securities traded similar to Thursday, with four rising, five declining and eight ending unchanged.
The Composite Index lost 3.32 points to close at 1,426.15, the All T&T Index rose 12.27 points to settle at 2,067.42 and the Cross-Listed Index declined 2.80 points to settle at 103.62.
A total of 203,374 shares traded for $5,308,776 compared to 225,289 units at $4,214,143 on Thursday. An average of 11,963 units traded at $312,281 compared to 13,252 shares at $247,891 on Thursday, with trading month to date averaging 42,385 units at $462,772 versus 44,406 units at $472,743. The average trade for March amounts to 36,197 units at $438,630.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Ansa Merchant Bank remained at $45 after trading 140 shares, Calypso Macro Investment Fund dropped $2.25 to close at $16.75 with 3,000 stock units clearing the market, Clico Investment Fund ended unchanged at $29.50 in an exchange of 67,588 units. First Citizens Group finished at $52 in exchanging 4,993 stocks, FirstCaribbean International Bank shed 1 cent to close at a 52 weeks’ low of $5.85 after 2,634 shares passed through the exchange, GraceKennedy lost 61 cents to end at $5.39, with 23,391 stock units changing hands. Guardian Holdings ended unchanged at $26.30 in switching ownership of 58 stocks, Massy Holdings declined 3 cents to close at $5.34 after trading 17,567 units, National Enterprises dropped 5 cents in closing at $2.95, with 1,000 units crossing the exchange. NCB Financial Group finished at $6.08 after 13,000 stocks passed through the market, Prestige Holdings popped 5 cents in closing at $7.10 with 1,300 stock units changing hands, Republic Financial Holdings climbed 75 cents to $140.75 in trading 5,392 shares. Scotiabank gained $1.10 to $81.10 with an exchange of 12,883 stock units, Trinidad & Tobago NGL remained at $20.65 after an exchange of 14,300 stocks, Trinidad Cement finished at $3.52 trading 203 shares. Unilever Caribbean ended unchanged at $16 while exchanging 33,515 units and West Indian Tobacco rallied 4 cents to end at $23.95 with the swapping of 2,410 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading picks up for JSE USD Market
On Thursday, a sharp bounce in the trading ended with the volume of stocks changing hands surging 1,334 percent as the value traded rose 12 percent higher than Wednesday on the Jamaica Stock Exchange US dollar market, resulting in more stocks trading than Wednesday.
A total of 10 securities were traded, compared to seven on Wednesday, with two rising, three fell and five ended unchanged.
The JSE US Denominated Equities Index fell 3.97 points to end at 221.00. The PE Ratio, a measure used in computing appropriate stock values, averages 9.5. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years, ending up to the close in August 2023.
Overall, 627,113 shares were traded, for US$21,458, up from 43,738 units at US$19,092 on Wednesday. Trading averaged 62,711 units at US$2,146, compared to 6,248 shares at US$2,727 on Wednesday, with a month to date average of 121,698 shares at US$4,895 versus 128,180 units at US$5,197 on the previous day. March ended with an average of 59,258 units for US$6,669.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and one with a lower offer.
At the close, First Rock Capital USD share ended unchanged at 7.95 US cents in exchanging 24 shares, Margaritaville remained at 16 US cents while exchanging 781 stock units, MPC Caribbean Clean Energy finished at US$1.26 after trading one stock. Productive Business Solutions finished at US$1.19 trading one unit, Proven Investments gained 0.99 of a cent in closing at 24.99 US cents after finishing trading of 30,121 stock units, Sterling Investments declined 0.01 of a cent in ending at 2.23 US cents after exchanging 3,068 units. Sygnus Credit Investments USD share popped 0.01 of a cent in closing at 12.9 US cents after 4,109 stocks changed hands and Transjamaican Highway lost 0.1 of a cent to end at 1.01 US cents, with 581,490 shares crossing the exchange.
In the preference segment, Equityline Mortgage Investments preference share remained at US$1.999 in an exchange of 18 stock units and JMMB Group 6% preference share shed 14 cents to close at US$1 with 7,500 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trinidad Stock Exchange gains
Market activity ended on Thursday and resulted in more stocks rising than falling at the close of trading, declining after trading 37 percent fewer shares, with a 29 percent lower value than on Wednesday, on the Trinidad and Tobago Stock Exchange.
A total of 17 securities traded compared to 16 on Wednesday, with six stocks rising, four declining and seven remaining unchanged. The Composite Index gained 5.90 points to end at 1,429.47, the All T&T Index popped 12.03 points to 2,055.15 and the Cross-Listed Index lost 0.09 points to settle at 106.42.
A total of 225,289 shares traded for $4,214,143 down from 359,497 units at $5,933,675 on Wednesday. An average of 13,252 units traded at $247,891 compared to 22,469 shares at $370,855 on Wednesday, with trading month to date averaging 44,406 units at $472,766 versus 46,622 units at $488,761. The average trade for March amounts to 36,197 units at $438,630.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and five stocks with lower offers.
At the close, Angostura Holdings climbed 76 cents in closing at $22.76 after exchanging 279 shares, Ansa McAl ended unchanged at $57 after trading 982 stocks, Clico Investment Fund declined 25 cents in ending at $29.50 after 65,751 units crossed the market. First Citizens Group finished at $52 with an exchange of 1,500 stock units, GraceKennedy remained at $6 with the swapping of 25,119 shares, Guardian Holdings rallied 30 cents to $26.30 while exchanging 38 stocks. Guardian Media advanced 10 cents to $3.20, with 250 stock units changing hands, JMMB Group gained 1 cent to end at $2.43 in exchange of 887 units, Massy Holdings rose 27 cents to close at $5.37 in an exchange of 20,140 stock units. National Enterprises remained at $3 after 691 stocks changed hands, NCB Financial Group shed 12 cents in closing at $6.08 in trading 36,738 units, Republic Financial Holdings fell $1 after ending at $140 and trading 574 shares. Scotiabank ended unchanged at $80 with an exchange of 2,760 shares, Trinidad & Tobago NGL rallied 9 cents to close at $20.65, trading 49,047 stock units, Trinidad Cement finished at $3.52, with 125 units crossing the market. Unilever Caribbean ended unchanged at $16 in switching ownership of 20,290 stocks and West Indian Tobacco dropped 4 cents at $23.91 with 118 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market pops higher on depressed volume
Trading on the Jamaica Stock Exchange US dollar market closed on Wednesday, with the volume of shares changing hands declining sharply after trading 99 percent fewer shares were traded with a 62 percent lower than on Tuesday, resulting in more stocks rising than falling.
A total of seven securities traded, down from 10 on Tuesday, with two rising, one declining and four ending unchanged. The JSE US Denominated Equities Index added 0.03 points to end at 224.97.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.7. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending to the end of August 2023.
Overall, 43,738 shares traded, for US$19,092 down from 4,110,461 units at US$49,816 on Tuesday. Trading averaged 6,248 units at US$2,727, down from 411,046 shares at US$4,982 on Tuesday, with the month to date average of 128,180 shares at US$5,197 versus 138,341 units at US$5,403 on the previous day. March ended with an average of 59,258 units for US$6,669.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and one stock with a lower offer.
At the close, First Rock Capital USD share ended at 7.95 US cents after exchanging 55 shares, Proven Investments dropped 0.99 of one cent to 24 US cents, after trading 29,854 units, Sterling Investments ended at 2.24 US cents in switching ownership of 10 stock units and Sygnus Credit Investments USD share finished at 12.89 US cents after trading 8,268 stocks.
In the preference segment, Equityline Mortgage Investment preference shares gained 1.9 cents in closing at US$1.999 in trading just one share, JMMB Group 5.75% finished at US$2.03 after exchanging 5,000 stock units and JMMB Group 6% climbed 0.15 cents ending at US$1.14 in exchanging 550 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.