Shortly after the opening of trading on Thursday, Junior Market Index raced to 3,438 points but failed to hold on to those early gains and ended lower at the close of Wednesday, with the index dropping 18.39 points below Wednesday’s close, to finish at 3,388.76 as the value of stocks trading declined 13 percent below Wednesday at the close of the Jamaica Stock Exchange Junior Market.
Market activity led to 41 securities trading, up from 37 on Wednesday and ended with 16 rising, 18 declining and seven left unchanged. Fontana and KLE Group ended trading at 52 weeks’ highs.
The PE Ratio, a measure used to compute appropriate stock values, averages 13.7. The PE ratio of each stock is shown in the chart below, is based on the earnings forecast done by ICInsider.com for companies with their financial year ending up to August 2022.
Trading ended with 4,133,325 shares changing hands for $14,013,135 down from 4,626,302 units at $16,070,563 on Wednesday. Future Energy Source ended with 30.5 percent of total volume as it led trading with 1.26 million shares, followed by Mailpac Group ended, with 20.6 percent after 852,447 units were traded and Lumber Depot 12.7 percent with 524,419 shares.
Trading averaged 100,813 shares at $341,784, down from 125,035 shares at $434,340 on Wednesday and month to date, an average of 108,735 units at $369,086, compared to 111,609 units at $378,991 on Wednesday. October average trade was 162,777 units at $557,275.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, Access Financial climbed $1.70 to $19.70 with the swapping of 15,164 shares, Blue Power spiked 16 cents to $3.27, trading 1,000 stock units, CAC 2000 rose 85 cents to end at $9.25 with an exchange of 100 stocks. Cargo Handlers shed 34 cents to close at $7.50 after exchanging 2,000 units, Caribbean Cream gained 31 cents in ending at $5.97 in swapping 3,758 stock units, Consolidated Bakeries popped 11 cents to $1.66 after 4,000 stocks changed hands. Elite Diagnostic advanced 20 cents to $3.25, trading 121 units, Express Catering increased 20 cents to $5 24,844 shares after crossing the exchange, Fontana rallied 21 cents to end at 52 weeks’ closing high of $7.20, as 291,769 stocks crossed the market. Fosrich declined 10 cents to close at $8.50, with 11,897 stock units changing hands, Future Energy Source increased 9 cents to $2.79, with 1,261,084 shares clearing the market, Honey Bun advanced 49 cents to close at $9.50 in switching ownership of 95,524 units. Indies Pharma dropped 9 cents to end at $3.20, with 26,000 stock units crossing the market, ISP Finance fell 74 cents after finishing at $47.23 in trading 642 shares, KLE Group spiked 51 cents in closing at 52 weeks’ high of $2.51 in an exchange of 14,277 stocks. Lasco Distributors lost 8 cents to close at $3.52 while exchanging 24,956 units, Medical Disposables rose 40 cents to $5.50 in an exchange of 19,400 stocks, SSL Venture fell 8 cents in closing at 66 cents as 39,200 shares changed hands and tTech shed 90 cents to end at $3.88 in trading 7,859 units.
In the preference segment, CAC 2000 9.5% preference shares dropped 8 cents to 92 cents trading 54,325 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Across the board fall for JSE US$ stocks
Trading dived sharply on Thursday, with investors exchanging 93 percent fewer shares than on Wednesday, with 97 pompared to six on Wednesday, trading ended with seven securities changing hands, with one rising and six declining.
The JSE US Denominated Equities Index lost 2.16 points to end at 194.93.
The PE Ratio, a measure used in computing appropriate stock values, averages 12. The PE ratio is based on earnings forecasts done by ICInsider.com for each company, with the financial year ending during the current year up to August 2022.
Overall, 99,799 shares traded for US$8,317, down from 1,508,978 units at US$273,924 on Wednesday. Trading averaged 14,257 units at US$1,188 versus 251,496 shares at US$45,654 on Wednesday and the month to date averages 117,547 at US$13,830 versus 162,736 units at US$19,360 on Wednesday. October ended with an average of 48,646 units for US$4,160.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than its last selling price and three with lower offers.
At the close, First Rock Capital US fell 0.1 of a cent to 6.9 US cents with an exchange of 150 shares, Margaritaville dropped 0.45 of a cent to 9 US cents with 11,073 stock units passing through the market, Proven Investments lost 0.2 of a cent to end at 22.8 US cents with 27,763 units changing hands. Sterling Investments fell 0.09 of a cent to close at 2 US cents with 660 shares traded, Sygnus Credit Investments USD declined 0.01 of a cent to finish at 12.98 US cents with investors switching ownership of 3,504 stocks and Transjamaican Highway shed 0.04 of a cent to end at 0.84 US cents with 56,609 units crossing the exchange.
In the preference segment, JMMB Group 6% rose 3 cents to US$1.05 with 40 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Proven drives JSE USD market trading – Wednesday
Proven Investment ended trading as the standout stock, having exchanged the most shares for the day after it ended with an exchange of 1,018,190 shares on the US dollar market on Wednesday, as the trade pushed the overall volume exchanged up 827 percent higher than on Tuesday after 3,652 percent more funds, came into the market and resulted in rising stocks outnumbered declining ones.
Six securities traded on Wednesday compared to five on Tuesday, with prices of three rising, one declining and two ending unchanged.
The JSE US Denominated Equities Index rose 4.66 points to 197.09. The PE Ratio, a measure used in computing appropriate stock values averages 12.3. The PE ratio is based on earnings forecasted by ICInsider.com for each company, with the financial year ending during the current year up to August 2022.
Overall, 1,508,978 shares traded for US$273,924 versus 162,849 units at US$7,301 on Tuesday. Trading averaged 251,496 units at US$45,654 compared to 32,570 shares at US$1,460 on Tuesday and the month to date averages 162,736 at US$19,360 versus 109,480 units at US$3,584 on Tuesday. October ended with an average of 48,646 units for US$4,160.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than its last selling price and two stocks with lower offers.
At the close, First Rock Capital US rose 0.01 of a cent to finish at 7 US cents with 469,000 shares traded, Proven Investments lost 0.99 of a cent to settle at 23 US cents with 1,018,190 stock units changing hands, Sterling Investments ended unchanged at 2.09 US cents with 27 stocks passing through the market. Sygnus Real Estate Finance USD share increased by 1 cent to 15 US cents with a transfer of 568 units and Transjamaican Highway rallied 0.13 of a cent to close at 0.88 of a US cent with 11,193 shares crossing the exchange.
In the preference segment, JMMB Group 6% remained at US$1.02 with 10,000 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading dips on Trinidad exchange
Market activity ended on Wednesday with more stocks rising than falling, after trading 69 percent fewer shares, with 80 percent lower value than on Tuesday, at the close of the Trinidad and Tobago Stock Exchange.
Overall, 16 securities traded, down from 17 on Tuesday, with three rising, one declining and 12 remaining unchanged. The Composite Index gained 4.62 points to close at 1,431.79, the All T&T Index popped 9.14 points to 1,944.64 and the Cross-Listed Index lost 0.03 points to settle at 123.75.
A total of 35,457 shares traded for $373,845 compared to 115,767 units at $1,845,111 on Tuesday. An average of 2,216 units traded at $23,365 compared to 6,810 at $108,536 on Tuesday, with the month to date averaging, 3,628 units at 55,256 compared to 4,334 units at $71,201. The average trade for October ended at 23,649 units at $227,589.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Angostura Holdings remained at $17.10 in exchanging 44 shares, First Citizens Group remained at $51, with 609 units crossing the market, FirstCaribbean International Bank traded 6 stocks at $6.50. GraceKennedy closes at $6.23, with 10,310 stock units clearing the market, Guardian Holdings fell 18 cents in closing at $30.32 after 1,308 stock units crossed the market, JMMB Group traded 40 shares at $2.24. L.J. Williams B share rose 20 cents to $1.50 in exchanging 10,000 units, Massy Holdings popped $3.95 to end at $89.95 in switching ownership of 107 stocks, National Enterprises remained at $3.29 while exchanging 35 stock units. National Flour Mills ended at $1.90 in an exchange of 10,364 shares, One Caribbean Media remained at $4.75 after trading 10 units, Republic Financial Holdings remained at $136.47 after exchanging 474 stocks. Scotiabank climbed 90 cents to close at $62.90, with 2,000 stocks crossing the exchange, Trinidad & Tobago NGL ended unchanged at $18.35, with 65 stock units changing hands, Trinidad Cement closed at $3.89 with the swapping of 15 shares and West Indian Tobacco traded 70 units to close at $30.30.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sluggish trading for JSE US dollar market on Tuesday
Trading on Tuesday closed with the US dollar market declining as investors exchanged 83 percent fewer shares at 74 percent less the value than on Monday, resulting in falling stocks just nudging out those rising.
Trading ended with five securities changing hands, the same number as on Monday, with prices of one rising, two declining and two ending unchanged.
The JSE US Denominated Equities Index dropped 2.47 points to end at 192.43.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.1. The PE ratio is based on earnings forecasted by ICInsider.com for each company with the financial year ending during the current year up to August 2022.
Overall, 162,849 shares traded for US$7,301 down from 931,949 units at US$28,540 on Monday. Trading averaged 32,570 units at US$1,460 compared to 186,390 shares at US$5,708 on Monday and the month to date averages 109,480 at US$3,584. October ended with an average of 48,646 units for US$4,160.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close of trading on Tuesday, First Rock Capital US lost 0.01 of a cent to end at 6.99 US cents with 7,199 shares changing hands, Margaritaville remained unchanged at 9.45 US cents with 3,415 stock units traded, Proven Investments rallied 0.09 of a cent to finish at 23.99 US cents with 20,736 units passing through the market, Sygnus Credit Investments USD based stock settled at 12.99 US cents with a transfer of 5,791 stocks and Transjamaican Highway fell 0.05 of a cent to 0.75 US cents with 125,708 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks suffered losses on Tuesday
Market activity on the Trinidad and Tobago Stock Exchange resulted in trading 405 percent more shares, with 326 percent higher value on Tuesday Monday and ended with more stocks falling than rising at the close of trading.
Seventeen securities traded up from 15 on Monday, with four rising, seven declining and six remaining unchanged.
The Composite Index shed 3.94 points to 1,427.17, the All T&T Index fell 7.13 points to end at 1,935.50 and the Cross-Listed Index slipped 0.08 points to settle at 123.78.
Overall, 115,767 shares traded for $1,845,111 compared to 22,914 units at $433,325 on Monday. An average of 6,810 units traded at $108,536 compared to 1,528 at $28,888 on Monday and month to date an average of 4,334 units at $71,201. The average trade for October was 23,649 units at $227,589.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close, Agostini’s traded 95 shares at $24.50, Angostura Holdings advanced 10 cents in closing at $17.10 with an exchange of 23,000 stock units, Ansa McAl remained at $58 after 1,745 units cleared the market. Ansa Merchant Bank ended at $41 in trading 9,548 stocks, Clico Investment Fund remained at $26.99, exchanging 11,788 stocks, First Citizens Group popped 24 cents to $51, with 2,088 stock units crossing the exchange. GraceKennedy fell 1 cent to $6.23 with the swapping of 440 shares, Guardian Holdings spiked 17 cents to end at $30.50, with 153 units changing hands, JMMB Group remained at $2.24 in an exchange of 300 units. Massy Holdings popped 95 cents to $86 after 255 shares changed hands, National Flour Mills shed 6 cents in closing at $1.90 in switching ownership of 12,469 stock units, NCB Financial Group lost 1 cent to close at $8.05 after exchanging 50,701 stocks. Republic Financial Holdings dropped 53 cents to $136.47 while exchanging 130 stocks, Scotiabank declined $1 to $62 after trading 500 shares, Trinidad Cement fell 1 cent to close trading of 2,040 units at $3.89. Unilever Caribbean closed at $16.20 in an exchange of 55 stock units and West Indian Tobacco lost 29 cents to close at a 52 weeks’ low of $30.30 in trading 460 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.