Stocks suffered more than a 16,600 points swing in trading on Monday after the Main Market stocks jumped 4,268 points to a multi-month high of 452,388.58 after 14 minutes of the markets opening as the All Jamaican Composite Index plunged 12,364.61 points from Friday’s close to close at 435,756.44 on the Jamaica Stock Exchange Main Market.
The JSE Main Index dropped 11,219.79 points to 396,803.23 and the JSE Financial Index declined 2.16 points to t 98.23.
Trading ended with 52 securities from 53 on Friday and closed with 17 stocks rising, 21 declining and 14 remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.5.
Trading ended with the volume rising 124 percent with the value being 399 percent higher than on Friday.
The market closed with 37,973,727 shares trading for $706,200,616 compared to 16,976,414 units at $141,423,527 on Friday. Sagicor Select Financial Fund led trading with 33 percent of total volume after trading 12.54 million shares followed by Wigton Windfarm 16.9 percent with 6.40 million units, Caribbean Cement with 9.3 percent, with 3.52 million units. Sagicor Select Manufacturing & Distribution Fund accounted for 8.5 percent for an exchange of 3.24 million units, Sagicor Group with 4.9 percent for 1.86 million units, Carreras with 4.6 percent for 1.74 million units, Scotia Group with 3.4 percent market share for 1.28 million units, QWI Investments with 3 percent for 1.14 million units, Transjamaican Highway with 2.7 percent for 1.02 million units and Grace Kennedy with 2.7 percent for 1.01 million units changing hands.
Trading averaged 730,264 units at $13,580,781, compared to an average of 320,310 shares at $2,668,368 on Friday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator reading has five stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement slipped $1 to $87 with an exchange of 3,518,333 shares, Carreras lost 80 cents to close at $9.15 with the swapping of 1,740,765 stock units, Eppley declined 20 cents to settle at $34.50 trading 1,453 units, First Rock Capital advanced $1.14 to $18.59 with 65,455 stocks changing hands. Jamaica Broilers rose $2.49 to close at $30.99 with investors switching ownership of 778,063 stock units, Jamaica Producers fell $1 to close at $27 in the transfer of 5,547 units, Jamaica Stock Exchange shed 90 cents in closing at $17.05, with 10,542 stocks clearing the market, Margaritaville declined $1 ending at 52 weeks’ low of $20 with 4,005 units changing hands, Mayberry Investments gained 54 cents to close at $5.90 in transferring 579,433 stocks. Mayberry Jamaican Equities finished $1.04 higher at $8.99 in an exchange of 74,861 shares, NCB Financial fell $1 to $138 with an exchange of 941,639 stocks, Palace Amusement dropped $29.50 to $850.50 in switching ownership of 303 stock units. Portland JSX ended $2.64 lower at $7.11 with the transfer of 9,000 shares, Proven Investments rose 23 cents to $38 in the swapping of 16,207 units, Sagicor Group slid $5 in closing at $47.50 with 1,858,449 shares crossing the market. Salada Foods gained $1.74 in ending at a record close of $9.15 in an exchange of 128,211 stock units, Scotia Group shed $2.50 to close at $39.50 in trading 1,279,986 shares. Seprod fell 55 cents to end at $79.45 after 50,221 stock units cleared the market and Stanley Motta lost 40 cents to close at $5.50 with an exchange of 50,000 shares.
In the preference segment, Eppley 7.5% preference share rose 94 cents to end at 52 weeks’ high of $7.19 with 967 shares changing hands, Eppley 8.25% closed 90 cents higher at $7 with 4,059 stock units crossing the market and JMMB Group 7.15% – 2028 gained 30 cents ending at $3 with 100 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
TTSE ends year to date with miniscule gain
Market activity ended on Friday, with the market indices rising after the trading of 64 percent fewer shares than on Thursday, resulting in rising stocks just edging out those declining at the close of the Trinidad and Tobago Stock Exchange, leaving the market to hold on to a modest gain of less than one percent for the first four months of the year.
Trinidad & Tobago Stock Exchange Head Quarters
Trading ended with 17 securities changing hands up from 15 on Thursday, with six stocks rising, five declining and six closing unchanged. The Composite Index rose 2.35 points to 1,331.90, the All T&T Index rose 0.76 points to 1,781.75 and the Cross-Listed Index increased 0.57 points to close at 119.19.
At the close, 148,870 shares traded for $3,321,551 compared to 408,693 units at $3,296,893 on Thursday.
An average of 8,757 units traded at $195,385 compared to 27,246 at $219,793 on Thursday. An average of 1,472 units traded at $184,946 for the month to date versus 11,621 units at $184,376. The average trade for March ended at 12,610 units at $342,338.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than their last selling prices and two with lower offers.
At the close, Agostini’s fell 15 cents to $24.25 in trading 375 shares, Angostura Holdings ended at $15.49 in an exchange of 2,091 stocks, Clico Investment Fund ended at $25.15 after trading 200 units, First Citizens Bank traded 4,562 stock units to close at $46.50. FirstCaribbean International Bank dipped 1 cent to end at a 52 weeks’ low of $6.50, with 1,177 shares changing hands, JMMB Group fell 1 cent to $1.79 in exchanging 6,216 shares, Massy Holdings shed $1.01 to end at $63.99 after trading 350 shares. National Enterprises gained 1 cent to close at $2.81 in switching ownership of 10,000 units, National Flour Mills traded 1,500 shares at $2.35, NCB Financial Group rose 28 cents to $8.50 in exchanging 5,955 stock units. Prestige Holdings dropped 49 cents to close at $7.01 with an exchange of 2,800 units, Republic Financial Holdings rose 72 cents to $132.98 trading 8,690 shares, Scotiabank climbed 15 cents in closing at $54.65 after exchanging 2,942 units. Trinidad & Tobago NGL settled at $13.50 with an exchange of 49,947 shares, Trinidad Cement gained 40 cents in ending at $3.40 while exchanging 19,255 shares, Unilever Caribbean inched 1 cent higher to close at $16.33 while exchanging 12,000 shares and West Indian Tobacco closed at $32.98 after exchanging 20,810 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.