Investors pumped 266 percent more money into the market than Friday and leading to a 50 percent pick up in the volume of stocks traded on the Trinidad and Tobago Stock Exchange on Monday, with trading in 19 securities compared with 20 on Friday and ended with prices of six rising, eight declining and five remaining unchanged.
Investors traded 275,828 shares for $8,396,880 up from 183,908 stock units at $2,293,268 on Friday.
An average of 14,517 shares were traded at $441,941 compared with 9,195 stocks at $114,663 on Friday. Trading month to date averages 42,716 shares at $459,141 versus 45,129 units at $460,613 on the previous day. The average trade for November amounts to 51,348 at $461,794.
The Composite Index rallied 8.22 points to 1,318.93 the All T&T Index climbed 10.42 points to 1,985.86 and the Cross-Listed Index rose 0.82 points to settle at 84.72.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s jumped $4 to close at $50 while exchanging 25 shares, Angostura Holdings ended at $24 after trading 51 stock units, Calypso Macro Investment Fund fell 5 cents to $20.50, with 348 units crossing the market. Clico Investment Fund declined $1 to end at $27 with the swapping of 51,817 stocks, First Citizens Group remained at $50.05 after an exchange of 400 stocks, FirstCaribbean International Bank increased 28 cents to end at $5.33 with a transfer of 2,500 units. GraceKennedy dipped 1 cent to $4.50 with an exchange of 155 stock units, Guardian Holdings dived $1.25 to close at $26.10 in an exchange of 1,000 shares, 
JMMB Group lost 4 cents in closing at $1.91 as investors exchanged 40,577 stock units, Massy Holdings slipped 4 cents in ending at $4.45 after 62,391 stocks passed through the market, National Enterprises ended at $3.26 in an exchange of 17,763 shares, National Flour Mills gained 5 cents in ending at $1.55, with 9,639 units crossing the market. Prestige Holdings advanced 75 cents to $6.65, with 187 stocks crossing the exchange, Republic Financial climbed $4.29 to close at $140 in switching ownership of 45,522 stock units, Scotiabank remained at $77 in trading one share. Trinidad & Tobago NGL declined 18 cents to $22.25 after 100 units changed hands, Trinidad Cement rose 2 cents to end at $3.90 after trading at 42,436 stocks, Unilever Caribbean ended at $13 and closed with an exchange of 866 stock units and West Indian Tobacco shed 1 cent in closing at $21.99, with 50 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on TTSE
Scotia is back in ICTOP10
The Jamaica Stock Exchange had mixed results during the past week, with both the Junior Market and the Main Market closing slightly lower than at the close of the previous week and impacting the listings in varying degrees, resulting in the Main Market’s Scotia Group reentering the TOP10 at the expense of Radio Jamaica, with no Junior Market changes following the listing Regency Petroleum listing on Thursday and rising 75% in two days of trading.
Five Junior Market TOP10 stocks declined between one and 25 percent and just two gained one to 4 percent this past week, while the Main Market 10 had five rising and Three declining.
In the Junior Market, Elite Diagnostic popped 4 percent to $3.03 as the sole main gaining stock, But Iron Rock Insurance dropped 25 percent to $1.80, followed by Caribbean Cream, down 17 percent and Dolphin Cove 6 percent to $13.35.
In the Main Market, Jamaica Broilers jumped 19 percent to $32, 138 Student Living rose 10 percent to $5.70 and Guardian Holdings followed with a rise of 9 percent to $575, but Key Insurance slipped 9 percent to $3.20.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.6, well below the market average of 14. 
At the same time, the Junior Market Top 10 PE sits at 5.7 versus the market at 12, important indicators of the level of the undervaluation of the ICTOP10 stocks. The Junior Market is projected to rise by 256 percent and the Main Market TOP10, an average now of 270 percent, to May 2023.
The Junior Market has 14 stocks representing 30 percent of the market, with PEs from 15 to 33, averaging 19.5 compared with the above average of the market. The top half of the market has an average PE of 17 and shows the extent of potential gains that lie ahead for the TOP 10 stocks. The situation in the Main Market is similar, with the 17 highest valued stocks priced at a PE of 15 to 105, with an average of 32 and 23 excluding the highest valued ones and 21 for the top half excluding the highest valued stock.
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, allowing investors to focus on the most undervalued stocks, 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.
Trading climbs for JSE Majors
Investors increased trading activity on the Jamaica Stock Exchange Main Market on Friday, leading to a near tripling of the volume of stocks traded with a rise of 286 percent, with 77 percent greater value than on Thursday, after an exchange of 52 securities compared to 54 on Thursday and resulting in the prices of 20 rising, 18 declining and 14 ending unchanged.
A total of 27,446,351 shares were traded for $101,999,333, up from 7,115,584 units at $57,605,172 on Thursday.
Trading averages 527,814 shares at $1,961,526 compared with 131,770 shares at $1,066,762 on Thursday. For the month to date, the average trade amounted to 531,741 units at $2,535,424, marginally down from 532,074 units at $2,584,108 on the previous day. November closed with an average of 202,406 units at $1,736,493.
Wigton Windfarm led trading with 22.88 million shares for 83.4 percent of total volume, followed by Jamaica Broilers with 1.91 million units for 6.9 percent of the day’s trade and Transjamaican Highway with 685,748 units for 2.5 percent market share.
The All Jamaican Composite Index lost 1,890.91 points to end at 380,283.51, the JSE Main Index fell 1,031.70 points to 338,773.99 and the JSE Financial Index dipped 0.45 points to close at 80.40.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.2 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows five stocks ended with a bid higher than their last selling prices and seven with lower offers.
At the close, Barita Investments gained $6.50 in closing at $90 after 2,294 shares passed through the market, Caribbean Cement rallied $4.29 to end at $60.97 with investors transferring 2,083 stock units, First Rock Real Estate fell $1 to $12.50 with the swapping of 5,066 stocks. Guardian Holdings gained $10 to close at $575 with investors transferring 1,563 units, Jamaica Broilers advanced $2.98 to $32, with an exchange of 1,906,664 stocks, 
Jamaica Producers fell 53 cents to $22.47 after trading 6,793 stock units. Jamaica Stock Exchange lost $1.66 in closing at $14.75 after an exchange of 2,838 units, JMMB Group shed $1.15 to end at $31, with 156,970 shares crossing the exchange, Kingston Wharves dipped 40 cents to close at $31 after investors swapped 20,324 stock units. NCB Financial declined $2.50 to $80 after trading 41,132 stocks, 138 Student Living popped 70 cents to $5.70 in trading 185 units, Palace Amusement climbed $25.22 in closing at a 52 weeks’ high of $1380 in an exchange of 2,356 shares. PanJam Investment rose $4.47 to $57.47, trading 3,616 stocks, Proven Investments dropped $1.99 after ending at $26.01, with 500 units clearing the market, Sagicor Group dipped $1 to end at $48 with an exchange of 18,794 stock units. Scotia Group declined 80 cents in closing at $32 after 54,026 shares changed hands, Stanley Motta lost 55 cents at $4.55 after a transfer of 6,688 stocks, Supreme Ventures popped 49 cents to $30.49 in switching ownership of 101,753 stock units. 
Sygnus Credit Investments rose 45 cents to end at $12.85 as investors exchanged 37,259 units and Sygnus Real Estate Finance advanced 70 cents to close at $11, with 4,695 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gain for JSE USD market
Trading on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks changing hands declining 69 percent valued 12 percent more than on Thursday, resulting from nine securities trading up from four on Thursday with five rising, one declining and three ending unchanged.
A total of 58,857 shares were traded for US$5,115 compared with 192,307 units at US$4,553 on Thursday.
Trading averaged 6,540 units at US$568 versus 48,077 shares at US$1,138 on Thursday, with month to date average of 24,847 shares at US$1,135 compared to 26,881 units at US$1,198 on the previous day. November ended with an average of 33,854 units for US$3,351.
The JSE US Denominated Equities Index gained 2.56 points to end at 231.39.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.7. 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 no stock ending with a bid higher than the last selling prices and none with a lower offer.
At the close, Productive Business Solutions climbed 25.5 cents to US$1.955, with 1,502 shares crossing the market, Proven Investments rose 0.05 of a cent in ending at 19 US cents after 7,252 stocks were traded, Sygnus Credit Investments J$ share ended at 13.62 US cents after four stock units crossed the exchange. 
Sygnus Credit Investments USD share remained at 10 US cents as 19 units passed through the market, Sygnus Real Estate Finance USD share gained 1.54 cents in closing at 12.54 US cents and trading 15 units and Transjamaican Highway fell 0.04 of a cent in closing at 0.94 of one US cent after exchanging 50,000 shares.
In the preference segment, Productive Business 9.25% preference share popped 90 cents to close at US$12 with the swapping of 50 stocks, Equityline Mortgage Investment preference share remained at US$1.67 with an exchange of one stock unit and JMMB Group 5.75% advanced 5 cents to end at US$2, with 14 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks trump decliners on TTSE
Trading dropped on the Trinidad and Tobago Stock Exchange on Friday, with the volume traded declining 66 percent and the value 31 percent lower than on Thursday following activity in 20 securities up from 15 on Thursday, with prices of eight stocks rising, two declining and 10 remaining unchanged.
Investors exchanged 183,908 shares for $2,293,268, down from 548,974 stocks at $3,307,858 on Thursday. An average of 9,195 units were traded at $114,663 compared to 36,598 shares at $220,524 on Thursday, with trading month to date averaging 45,129 shares at $460,613 versus 48,687 units at $494,865 on the previous day. November ended with an average trade of 51,348 at $461,794.
The Composite Index popped 1.21 points to 1,310.71, the All T&T Index jumped 11.48 points to 1,975.44 and the Cross-Listed Index shed 1.37 points to settle at 83.90.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Agostini’s advanced 50 cents in closing at $46, with 1,335 shares crossing the market Angostura Holdings remained at $24, with 185 stock units changing hands, Ansa McAl climbed 85 cents to end at $51.35 after 120 units crossed the exchange. Calypso Macro Investment Fund rallied 5 cents to $20.55, with 150 stock units changing hands, Clico Investment Fund ended at $28 after trading 9,417 stocks, First Citizens Group remained at $50.05, with 1,807 stock units clearing the market. FirstCaribbean International Bank shed 40 cents in ending at $5.05 as 29,349 units passed through the market, GraceKennedy fell 8 cents to $4.51 with an exchange of 27,944 shares, Guardian Holdings gained $1.35 to end at $27.35 after exchanging 1,828 stock units. 
JMMB Group popped 4 cents to close at $1.95 while 250 units were traded, Massy Holdings rose 8 cents in ending at $4.49 after a transfer of 12,775 shares, National Enterprises ended at $3.26 after 60,000 stocks were traded. One Caribbean Media remained at $3.69 after switching ownership of 5,647 stocks, Point Lisas ended at $3.50 with investors transferring 45 shares, Republic Financial popped 4 cents to end at $135.71 in an exchange of 5,608 units. Scotiabank closed at $77 after 2,210 stock units changed hands, Trinidad & Tobago NGL ended at $22.43 with a transfer of 6,770 units, Trinidad Cement increased 3 cents to $3.88 trading 10,650 stock units. Unilever Caribbean remained at $13 as investors exchanged 3,316 shares and West Indian Tobacco ended at $22 in an exchange of 4,502 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for JSE Main Market
The Jamaica Stock Exchange Main Market eked out modest gains when trading ended on Thursday with the volume of stocks traded declining 21 percent and the value 78 percent lower than on Wednesday, after 54 securities were exchanged compared to 56 on Wednesday, with 21 rising, 18 declining and 15 ending unchanged.
A total of 7,115,584 shares were exchanged for $57,605,172 versus 8,969,331 units at $256,955,915 on Wednesday.
Trading averaged 131,770 shares for $1,066,762 against 160,167 stock units at $4,588,498 on Wednesday. Trading month to date averaged 532,074 stock units at $2,584,108 compared with 570,744 units at $2,730,685 on the previous day. November closed with an average of 202,406 units at $1,736,493.
Wigton Windfarm led trading with 3.93 million shares for 55.3 percent of total volume followed by Jamaica Broilers with 631,997 units for 8.9 percent of the day’s trade and Pulse Investments with 544,191 units for 7.6 percent market share.
The All Jamaican Composite Index rose 1,068.13 points to 382,174.42, the JSE Main Index gained 850.19 points to end at 339,805.69 and the JSE Financial Index shed 0.10 points to close at 80.85.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.8 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments dropped $7.40 to $83.50 with 23,627 shares changing hands, Caribbean Cement declined $3.32 to $56.68 after 5,837 units crossed the market, Eppley fell $1.70 in closing at $35.50 in exchanging 1,310 stocks. Eppley 
Caribbean Property Fund advanced $1.50 to $45 after a transfer of 2,201 stock units, Guardian Holdings jumped $64 to $565 in switching ownership of 1,060 units, Jamaica Broilers shed 98 cents to end at $29.02 in trading 631,997 stock units. Jamaica Stock Exchange advanced $2.29 and ending at $16.41 with the swapping of 10,128 stocks, Key Insurance lost 47 cents to close at $3.20 with investors transferring 6,705 shares, Mayberry Jamaican Equities popped 49 cents to settle at $13.79 in exchanging 1,026 shares. NCB Financial gained 50 cents to close at $82.50 in switching ownership of 16,761 units, 138 Student Living lost 72 cents to finish at $5 with an exchange of 1,191 stocks, Palace Amusement climbed $268.65 ending at a 52 weeks’ high of $1354.78 after transferring 2,228 stock units. 
PanJam Investment rallied 68 cents to $53 in an exchange of 1,070 stock units, Scotia Group rose 65 cents to end at $32.80 with the swapping of 5,127 shares and Wisynco Group fell 70 cents in closing at $16.20 with 153,229 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
No winners for JSEUSD market
A moderate trading session on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks changing hands declining 31 percent with 17 percent lower valued than on Wednesday, resulting from trading in four securities, compared to six on Wednesday and ended with no stock rising, two declining and two ending unchanged.
Overall, 192,307 shares were traded for US$4,553 compared to 278,062 units at US$5,493 on Wednesday.
Trading averaged 48,077 units at US$1,138 versus 46,344 shares at US$916 on Wednesday, with month to date average of 26,881 shares at US$1,198 compared with 25,780 units at US$1,201 on the previous day. November ended with an average of 33,854 units for US$3,351.
The JSE US Denominated Equities Index slipped 0.13 points to end at 228.83.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.4. 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 no stock ended with a bid higher than the last selling price and none with a lower offer.
At the close of trading, Proven Investments dipped 0.05 of a cent to 18.95 US cents after an exchange of 2,288 shares, Sterling Investments lost 0.11 of one cent to close at 2 US cents with 189,600 stocks crossing the exchange and Sygnus Credit Investments USD share remained at 10 US cents after trading 350 stock units.
In the preference segment, JMMB Group 6% ended at US$1.03 with the swapping of 69 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Volume drop prices rise on TTSE
Winning stocks beat out those declining on the Trinidad and Tobago Stock Exchange on Thursday, with a 72 percent decline in the volume of stocks traded, valued 72 percent lower than on Wednesday and resulting in 15 securities trading down from 22 on Wednesday, with four rising, three declining and eight remaining unchanged.
Investors traded 548,974 shares for $3,307,858 down from 1,974,231 stock units at $11,903,258 on Wednesday.
An average of 36,598 units were traded at $220,524 compared to 89,738 shares at $541,057 on Wednesday, with trading month to date averaging 48,687 shares at $494,865 versus 49,657 units at $516,871 on the previous day. The average trade for November ended with 51,348 shares at $461,794
The Composite Index rallied 1.80 points to 1,309.50, the All T&T Index rose 5.19 points to 1,963.96 and the Cross-Listed Index dipped 0.26 points to settle at 85.27.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Agostini’s ended at $45.50 as investors exchanged 25 shares, Angostura Holdings remained at $24, with 150 stocks crossing the market, Clico Investment Fund rallied 60 cents in ending at $28 with 9,579 stock units passing through the exchange. First Citizens Group advanced 4 cents to close at $50.05, with 1,595 units changing hands, GraceKennedy increased 9 cents to end at $4.59 trading 24,083 units, 
Guardian Media remained at $2.94 with an exchange of one share. JMMB Group ended at $1.91 after a transfer of 172,062 stock units, Massy Holdings dipped 9 cents to $4.41 in an exchange of 235,793 stocks, National Enterprises ended at $3.26 and closed with 38,423 units changing hands. NCB Financial fell 18 cents to $4.56 while exchanging 11,944 stocks, One Caribbean Media ended at $3.69 with investors trading 21,703 shares, Republic Financial shed 3 cents to $135.67 in switching ownership of 592 stock units. Scotiabank ended at $77 after trading 7,180 stock units, Trinidad & Tobago NGL climbed $1.43 to end at $22.43 after an exchange of 11,039 units and West Indian Tobacco remained at $22 after 14,805 shares crossed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Is Santa Claus rally coming for Jamaican stocks?
Stocks slipped at the close of trading on the Jamaica Stock Exchange Main Market on Wednesday but remain well ahead of the average level of trading in November after a 25 percent decline in the volume of stocks traded and the value rising marginally over 
Tuesday’s outcome from trading in 56 securities compared to 55 on Tuesday and leading to prices of 17 rising, 20 declining and 19 ending unchanged.
A total of 8,969,331 shares were exchanged for $256,955,915 versus 11,990,620 units at $247,055,940 on Tuesday.
Trading averaged 160,167 units at $4,588,498 compared with 218,011 shares at $4,491,926 on Tuesday. Trading month to date averages 570,744 stock units at $2,730,685 compared with 616,454 units at $2,523,851 on the previous day, but well over November’s average of 202,406 units for $1,736,493.
NCB Financial led trading with 2.51 million shares for 28 percent of total volume followed by Wigton 
Windfarm with 2.10 million units for 23.4 percent of the day’s trade and Ciboney Group with 1.01 million units for 11.3 percent market share.
The All Jamaican Composite Index declined by 2,883.94 points to 381,106.29, the JSE Main Index shed 957.35 points to 338,955.50 and the JSE Financial Index slipped 0.19 points to end at 80.95.
The PE Ratio, a formula used to ascertain appropriate stock values, averages 14.1 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
At the close of trading, the Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Barita Investments fell 54 cents to $90.90 in trading 4,122 shares, Berger Paints shed 75 cents to end at $10 with 3,283 stock units changing hands, Carreras advanced 77 cents to $8.87 in switching ownership of 120,010 units. 
Eppley climbed $5.07 in closing at $37.20 with investors trading 5 stocks, Eppley Caribbean Property Fund gained 75 cents to end at $43.50 in an exchange of 4,134 stock units, Guardian Holdings dropped $49 to finish at $501 with 1,709 units crossing the market. JMMB Group dipped 40 cents to $32 after trading 19,588 stocks, Kingston Wharves advanced $1.49 to $31.49 in exchanging 3,038 shares, Mayberry Jamaican Equities fell 51 cents to $13.30 with a transfer of 4,585 stock units. NCB Financial rallied 50 cents to $82 after trading 2,509,445 shares, but only after trading at an intraday 52 weeks’ low of $79. Palace Amusement jumped $264.86 ending at $1,086.13 with the swapping of 2,179 units and has gained 75% since a split announcement, Proven Investments advanced $2 to $28, with 3,674 stocks crossing the exchange. Sagicor Group declined $2 to close at $49 with 26,728 stock units clearing the market,
Supreme Ventures rose 99 cents to $29.99 after a transfer of 156,697 units and Sygnus Credit Investments shed 45 cents in closing at $12.40 with 9,553 stocks changing hands.
In the preference segment, Eppley 5% preference share popped $1.45 to close at $22.48 after exchanging 79 shares and Eppley 7.50% preference share gained 51 cents to end at $7.77 in switching ownership of 465 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
5 nil for JSEUSD stocks on Wednesday
Five stocks rose, none declined with one left unchanged at the end of trading on the Jamaica Stock Exchange US dollar market on Wednesday, with the volume of stocks changing hands rising 111 percent as the value dipped 5 percent compared to Tuesday, resulting from trading in six securities, compared to 5 on Tuesday.
Overall, 278,062 shares were traded for US$5,493 compared to 132,047 units at US$5,794 on Tuesday.
Trading averaged 46,344 units at US$916 versus 26,409 shares at US$1,159 on Tuesday, with a month to date average of 25,780 shares at US$1,201 compared to 24,042 units at US$1,225 on the previous day. November ended with an average of 33,854 units for US$3,351. The JSE US Denominated Equities Index rose 2.54 points to 228.96.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.7. 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 no stock ending with a bid higher than the last selling price and none with a lower offer.
At the close, First Rock Real Estate USD share rallied 0.52 of a cent to 7.7 US cents 1,000 shares crossing the market, 
Caribbean Clean Energy climbed 6 cents to end at 70 US cents in trading 1,200 units, Proven Investments advanced 0.48 of a cent to close at 19 US cents in switching ownership of 4,715 stock units. Sterling Investments increased 0.03 of a cent after ending at 2.11 US cents and trading 92,645 stocks and Transjamaican Highway rose 0.03 of a cent in closing at 0.98 of one US cent after an exchange of 178,500 units.
In the preference segment, JMMB Group 6% closed at US$1.03 while exchanging two stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
