The volume of stocks trading fell 29 percent on Tuesday from Monday level with 33 percent higher value as market activity ended resulting in more stocks rising than falling at the close of trading, declining after trading fewer shares, on the Trinidad and Tobago Stock Exchange.
At the close, 21 securities traded up from 14 on Monday, with eight rising, seven declining with six left unchanged. The Composite Index dropped 2.53 points to close at 1,456.99, the All and Index dipped 3.91 points to 2,010.28 and the Cross-Listed Index lost 0.15 points to settle at 121.21.
A total of 231,849 shares traded for $5,738,958 compared to 328,163 units at $5,940,475 on Monday. An average of 11,040 units traded at $273,284 compared to 23,440 at $424,320 on the prior day, with trading month to date averaging 24,373 units at $280,966 versus 26,373 units at $282,118. The average trade for November amounts to 35,109 units at $290,897.
Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Angostura Holdings lost 45 cents in closing at $17.50 after exchanging 1,929 shares, Ansa McAl climbed $1.50 to $59.50 after trading four units, Calypso Macro Investment Fund shed 3 cents to end at $16.65 in an exchange of 1,058 stocks. Clico Investment Fund rallied $2 to $29 in switching ownership of 16,567 stock units, First Citizens Group ended unchanged at $58 after clearing the market of 327 stock units, GraceKennedy remained at $6.10, with 4,130 units changing hands. Guardian Holdings finished unchanged at $30.50 while 2,955 stocks crossed the exchange, JMMB Group fell 3 cents to $2.22, with 32,146 shares crossing the market, L.J. Williams B share popped 9 cents to $1.60 in an exchange of 50,000 stocks. Massy Holdings closed at $95.58 after trading 22,227 units, National Enterprises spiked 6 cents to $3.25 while exchanging 35 stock units, National Flour Mills dipped 3 cents to $1.87 as 292 shares crossed the exchange. NCB Financial Group remained at $8 with the swapping of 5,000 stock units, One Caribbean Media gained 30 cents to close at $4.70 in trading 354 units, Prestige Holdings declined 19 cents in closing at $7.01 after trading 511 shares. Republic Financial Holdings increased 1 cent to $138.01 in exchanging 10,627 stocks, Scotiabank dropped $3 to $65 with an exchange of 1,624 shares, Trinidad & Tobago NGL finished at $19 while exchanging 55,624 units. Trinidad Cement lost 39 cents to close at $3.41 in trading 21,971 stocks, Unilever Caribbean advanced 15 cents to end at $16.35 in exchanging 4,294 stock units and West Indian Tobacco rose 30 cents to $28.50, with 174 stock units changing hands
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stock prices drop as trading dips in Trinidad
JSE USD jumps 7% on Monday
Trading on Monday ended with the volume of shares changing hands declining after a fraction of shares exchanged on Friday, passed through the Jamaica Stock Exchange US dollar market, resulting in more stocks rising than falling and the market rose 7 percent for the day.
Seven securities traded, compared to five on Friday, with five rising, one declining and one ending unchanged.
The JSE US Denominated Equities Index surged 14.55 points to end at 214.56, up 15 percent for the year to date.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.7. The PE ratio uses earnings forecasts done by ICInsider.com for each company with the financial year ending during the current year up to August 2022.
Overall, 89,952 shares traded, for US$7,974 compared to 25,247,952 units at US$3,090,795 on Friday. Trading averaged 12,850 units at US$1,139, versus 5,049,590 shares at US$618,159 on Friday and month to date averages 680,705 shares at US$91,754 versus 800,576 units at US$108,018 on Friday. November ended with an average of 79,766 units for US$10,928.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and no stock with a lower offer.
At the close, Margaritaville rose 1 cent to 11 US cents in switching ownership of 8,310 shares, Productive Business Solutions rose 17.25 cents to a 52 weeks’ high of US$1.334 with the swapping of 29 stocks, Proven Investments fell 0.5 of a cent to end at 22.5 US cents after exchanging 28,513 stock units. Sterling Investments ended at 2.1 US cents in an exchange of 3,000 units, Sygnus Credit Investments USD share spiked 0.98 of a cent to close at 12.98 US cents after two shares changed hands shares and Transjamaican Highway popped 0.07 of a cent to 0.86 US cents with 50,000 units clearing the market.
In the preference segment, Equityline Mortgage Investment preference share advanced 9.9 cents to end at US$1.999 after trading 98 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trinidad stocks slipped back on Monday
Market activity dropped sharply on Monday after trading 76 percent less shares, with a 38 percent lower value than on Friday, at the close of the Trinidad and Tobago Stock Exchange, leading to an equal number of stocks rising and falling.
At the close the Investor’s Choice bid-offer indicator is flashing positive signals, with the bids of nine stocks ending higher than their last selling prices and none with a lower offer.
Fourteen securities traded down from 18 on Friday, with five rising, five declining and four remained unchanged. The Composite Index shed 5.39 points to 1,459.52, the All T&T Index lost 10.94 points to end at 2,014.19 and the Cross-Listed Index popped 0.08 points to settle at 121.36.
A total of 328,163 shares traded for $5,940,475 compared to 1,352,281 units at $7,046,926 on Friday. An average of 23,440 units traded at $424,320 compared to 75,127 at $391,496 on Friday, with trading month to date averaging 26,373 units at $282,118 versus 26,699 units at $266,318. The average trade for November amounts to 35,109 units at $290,897.
At the close, Ansa McAl declined $1.50 to $58 after trading 1,000 shares, Ansa Merchant Bank popped 10 cents to a 52 weeks’ high of $43.10 in exchanging 1,394 units, Calypso Macro Investment Fund rallied 3 cents to $16.68 in switching ownership of 400 stocks. Clico Investment Fund fell $2 to $27, with 70,891 stock units changing hands, First Citizens Group remained at $58 with the swapping of 697 units, GraceKennedy advanced 5 cents to close at $6.10, with 31,414 stock units clearing the market. Guardian Holdings shed 90 cents to $30.50 in trading 1,400 shares, Massy Holdings gained $1.58 in closing at $95.58 while exchanging 10,362 stocks, National Flour Mills ended unchanged at $1.90 in an exchange of 10,500 units. NCB Financial Group lost 1 cent in ending at $8 with an exchange of 92,250 shares, Republic Financial Holdings finished at $138 after 3,794 stocks crossed the market, Scotiabank ended at $68 in trading 1,600 stock units. Trinidad & Tobago NGL rallied 55 cents to $19 after trading 52,461 units and Trinidad Cement dipped 4 cents to close at $3.80 in exchanging 50,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Honey Bun in General Accident exits ICTOP10
General Accident rose 7 percent to close at $6.40 and slipped out of the TOP 10 while Honey Bun jumped into the Junior Market top 10, while Main Market stocks were pretty steady with movements not exceeding 2 percent for the week in a week when Main Market indices closed the week higher than it started with the Junior Market slipping from the start of the week.
Notable TOP10 movers this week are; AMG Packaging rose 9 percent in closing at $2.07 from $1.90 at the previous week’s close and Lumber Depot rose 18 percent to $3.25. Medical Disposables lost 5 percent of its value to close the week at $6 and Caribbean Assurance Brokers dived 13 percent to $2.60.
The top three Main Market stocks remained unchanged at the close of the week, with Guardian Holdings still in the lead, followed by Caribbean Producers and JMMB Group, projected to gain between 213 to 253 percent, as was the case last week.
The Junior Market top three stocks changed a bit during the week, with AMG Packaging leading, followed by Caribbean Assurance Brokers, with Access Financial Services moving from second spot to third position. All three can gain between 167 and 238 versus 162 percent and 268 percent previously.
The average gains projected for the TOP 10 Junior Market stocks moved from 142 percent last week to 150 percent and Main Market stocks moved from 157 percent to this weeks’ 159 percent.
The Junior Market closed the week with an average PE of 14.1 based on ICInsider.com’s 2021-22 earnings and currently well below the target of 20 and the average of 17 at the end of March this year based on 2020 earnings. The TOP 10 stocks trade at a PE of a mere 8.1, with a 42 percent discount to that market’s average PE.
The Junior Market can gain 42 percent to March next year, based on an average PE of 20 and 21 percent based on an average PE of 17. Ten stocks representing 25 percent of all Junior Market stocks with positive earnings are trading at or above this level, down from seven last week, indicating that many others will rise towards the 17 mark in the weeks ahead.
The average PE for the JSE Main Market is 15.8, which is 20 percent less than the PE of 19 at the end of March and 27 percent below the target of 20 to March 2022. The Main Market TOP 10 average PE is 8, representing a 51 percent discount to the market and well below the potential of 20. A total of 17 stocks or 36 percent of the market trade at or above a PE of 19, with most over 20, for an average roundabout 25, suggesting that the accepted multiple is between 20 and 25 times the current year’s earnings.
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 March 2022 and 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 per share are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
Huge surge in trading on JSE USD market
Friday ended with a big bump in trading activity with an unusually large volume of shares changing hands after surging 5,301 percent higher than trades on Thursday, with a 10,412 percent higher value, at the close of the Jamaica Stock Exchange US dollar market.
Trading ended with five securities changing hands, versus six on Thursday with prices of two rising and two declining and one trading firm.
The JSE US Denominated Equities Index skidded 4.71 points to end at 200.01.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.1. The PE ratio is computed based on ICInsider.com earnings forecasts for each company with their financial year ending up to August 2022.
The volume of shares traded surged to 25,247,952 for US$3,090,795, up from just 467,492 units at US$29,403 on Thursday. Trading averaged 5,049,590 shares at US$618,159, sharply up from 77,915 units at US$4,901 on Thursday and month to date an average of 800,576 units at US$108,292 versus 175,721 shares at US$33,311 on Thursday. November ended with an average of 79,766 units for US$10,928.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Capital USD share rose 0.05 of a cent to end at 6.05 US cents in switching ownership of 10 million shares, Proven Investments traded 6,460,229 shares and lost 0.9 of a cent to close at 23 US cents. Sygnus Credit Investments USD share rose 0.75 of a cent in closing at 12 US cents with 5,008,385 stocks crossing the market, Sygnus Real Estate USD share fell 0.9 of a cent to 13.1 US cents after trading 3,000,500 stock units and Transjamaican Highway ended at 0.79 US cents after an exchange of 778,838 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Volume of stocks trading surged on the TTSE
Trading jumped sharply on Friday resulted in more securities changing hands and the volume of stocks surging 3,986 percent, valued 501 percent more than on Thursday, to close out the week for the Trinidad and Tobago Stock Exchange modestly higher than the start.
Eighteen securities traded compared to 16 on Thursday, with three rising, seven declining and eight unchanged. The Composite Index dropped 1.96 points to 1,464.91, the All T&T Index inched 0.24 points higher to 2,025.13 and the Cross-Listed Index slipped 0.60 points to settle at 121.28.
A total of 1,352,281 shares traded for $7,046,926 compared to 33,092 units at $1,165,264 on Thursday. An average of 75,127 units traded at $391,496 against 2,068 shares at $72,829 on Thursday, with trading month to date averaging 26,699 units at $266,318 versus 18,628 units at $245,455. The average trade for November amounts to 35,109 units at $290,897.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Clico Investment Fund lost $1 to close at $29 after exchanging 21,979 shares, First Citizens Group ended at $58 after 1,580 units traded, FirstCaribbean International Bank dropped 6 cents in ending at $6.14, with 7,000 stocks changing hands. GraceKennedy fell 5 cents to $6.05 while exchanging 570,570 stock units, Guardian Holdings increased 90 cents to $31.40 in trading 6,138 stocks, JMMB Group shed 3 cents to end at $2.25 in trading 677,844 shares. Massy Holdings declined by $1.58 to $94, with 110 stock units changing hands, National Enterprises popped 1 cent to $3.19 in switching ownership of 50 units, National Flour Mills finished at $1.90 with an exchange of 200 stocks. NCB Financial Group remained at $8.01, with 30,184 shares crossing the exchange, Point Lisas closed at $3.15 after 450 units changed hands, Prestige Holdings rose 15 cents to $7.20 after 500 stock units crossed the market. Republic Financial Holdings traded 1,722 stocks at $138, Scotiabank remained at $68 in an exchange of 25 shares, Trinidad & Tobago NGL fell 5 cents to end at $18.45, with 26,770 stock units clearing the market. Trinidad Cement remained at $3.84 after an exchange of 617 units, Unilever Caribbean finished unchanged at $16.20 with the swapping of 6,092 stock units and West Indian Tobacco lost 80 cents in closing at $28.20 after exchanging 450 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.