Trading Activity — Page 444

Stocks down JSE main market up

August 10, 2020 by IC Insider.com

The Jamaica Stock Exchange Main Market ended trading on Monday with the market rising after more stocks fell than rose after investors traded just slightly more shares than on Friday as the focus was on stocks selling with a low unit value of less than $1.35.
At the close, the All Jamaican Composite Index advanced by 1,062.28 points to settle at 405,212.68, the Main Index carved out a gain of 1,000.74 points to 369,854.08, the JSE Financial Index slipped 0.27 points to close at 95.07.
Trading ended with 42 securities changing hands compared to 44 securities on Friday and ended with the prices of 15 stocks rising, 19 declining and eight remaining unchanged. The average PE Ratio of the market ended at 15.6 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 12,952,662 shares for a mere $48,479,413 compared to 12,279,679 units at $35,735,006 on Friday.
Wigton Windfarm led trading with 6.77 million shares for 52.3 percent of total volume followed by QWI Investments with 1.70 million units for 13.1 percent of the day’s trade and Transjamaican Highway with 1.04 million units for 8.1 percent market share.
An average of 308,397 units traded for the day at $1,154,272 for each security, in comparison to an average of 279,084 shares at $812,159 on Friday. An average of 378,165 units traded for the month to date at $1,684,276 for each security, in contrast to 394,720 units at $1,810,039. Trading month to date compares adversely to July that ended with an average of 392,128 shares for $2,444,356.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows six stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Barita Investments rose $1.04 to end at $58.89, while exchanging 276,971 shares, Berger Paints fell by $1.85 to end at $10.55, after trading 28,186 stock units, Caribbean Cement closed $2.50 higher at $44.50, with 13,756 units changing hands. Eppley declined by $2.35 closing at $15.10 in trading 496 units, Eppley Caribbean Property Fund climbed $3.32 to close at $49.50, with an exchange of 12,830 stock units. First Rock Capital lost 51 cents to end at $13.50, clearing the market with 3,913 stock units, Jamaica Producers Group carved out a gain of $1.10 to close at $23.85 after exchanging 18,550 stock units, Jamaica Stock Exchange rose 95 cents to settle at $23.95, with 55,562 stock units crossing the exchange. Key Insurance fell by $1 closing at $7.50, with 10,894 units changing hands, Kingston Wharves rose $2.80 ending at $53.80 with an exchange of 768 units, NCB Financial Group dropped $4.45 to end at $133.55 while trading 32,645 units. Palace climbed $222.83 to $1,783.83 and 9 stock units passing through the market, Sagicor Group dipped $1.49 to settle at $40.51 exchanging 44,579 units. Sterling Investments lost 30 cents to end at $2.70 with investors swapping 932 shares and Wisynco Group gained 39 cents to end at $17.99 with an exchange of 28,333 stock units.
In the preference segment of the main market, Community & Workers Credit Union shed 68 cents to close at $2.35 in transferring 534,711 shares and Eppley 8.25% gained $1.06 closing at $9 with an exchange of 404 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Co-operative Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

TTSE Trading contracts Monday

August 10, 2020 by IC Insider.com

Trading on the Trinidad & Tobago Stock Exchange ended mixed on Monday after more stocks fell than rose after investors traded 43 percent fewer shares than on Friday.
The market closed with eleven securities trading with one advancing, five declining and five remaining unchanged as the market closed with just 70,293 shares for $1,363,080 changing hands compared to 122,491 shares amounting to $2,157,481 on Friday from 12 securities.
The trading ended Monday with an average of 6,390 units at $123,916 versus 10,208 stock units for $19,790 for each security on Friday. For the month to date, the average trade resulted in 12,183 units changing hands at $165,115, versus 13,094 shares at $191,061 for each security. July closed with an average of 12,712 shares for $166,390.
The T&T Composite Index shed 1.05 points to end at 1,321.68, the All T&T Index gained 0.70 points to 1,787.28, while the Cross Listed Index lost 0.38 points to close at 115.68.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than its last selling price and three with lower offers.
Stocks rising│ Trinidad and Tobago NGL closed at $17.45, with gains of 20 cents while trading 2,761 stock units.
Stocks declining│ CinemaOne fell 60 cents to an all-time low of $4.40, after transferring 20 shares, Guardian Holdings lost 13 cents to finish at $19.35 and exchanged 510 units, JMMB Group slipped 7 cents to $1.93, trading 21,542 stock units. Republic Financial Holdings closed 23 cents lower to $141.27 in exchanging 10 shares and Scotiabank settled at $54.90, having lost 9 cents, with 1,000 stocks changing hands.
Stocks trading firm│ Clico Investments exchanged 36,753 shares at $27.83, First Citizens remained at $47, with a transfer of 200 units, Guardian Media traded 585 units at $5.25. Massy Holdings held at $58, with 2,307 shares changing hands and Prestige Holdings ended at $8.35 trading 4,625 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Stock Market, TTSE Market Tagged With: Calypso Micro Index Fund, Cinemaone, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Citizens, Guardian Holdings, Guardian Media, JMMB Group, Massy Holdings, NCB Financial Group, Prestige Holdings, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE

Rising and falling JSE USD stocks tied

August 10, 2020 by IC Insider.com

The US dollar market of the Jamaica Stock Exchange closed trading on Monday, with the market declining after investors traded more than twice the shares on Friday, resulting in more stocks falling than rising.
At the close of the market, trading ended with five securities changing hands compared to six on Friday and ended with the prices of two stocks rising, two declining and one remaining unchanged.
The JSE USD Equities Index lost 1.10 points to settle at 191.77 and the average PE Ratio of the market ended at 13.4 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 774,661 shares, accounting for US$24,766 compared to 332,053 units at US$17,651 on Friday.
The market closed, with an average of 154,932 units trading at US$4,953 on Monday, in contrast to 55,342 shares at US$2,942 on Friday. Trading ended with an average of 66,102 units for the month to date at US$4,389 in comparison to 46,791 units at US$4,267 up to Friday. By contrast, July ended with an average of 133,150 units for US$18,282.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Proven Investments lost 0.18 of a cent and settled at 24.8 US cents, with 48,055 shares crossing the market, Sterling Investments fell a fourth of a cent to end at 2.23 US cents after 76,918 stock units changed hands. Sygnus Credit Investments added a half of a cent and ended at 17 US cents while exchanging 26,000 stock units and Transjamaican Highway added 0.02 of a cent in closing at 0.95 of a US cent in an exchange of 622,818 units.
In the preference segment, JMMB Group 6% closed the trading of 870 stock units at US$1.05.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: Daily Trading, Emerging markets, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, JSE US dollar market, Proven Investments, Sterling Investments, Sygnus Credit Investments, Trading Activity, Transjamaican Highway

115% gain for IC TOP 10 winner

August 9, 2020 by IC Insider.com

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Caribbean Cream rose 115 percent from the end of June to the closed of the week, with the price ending at $5.30, up from $4, last week and along with General Accident that closed the week at $7.50 and gained 70 percent since the start of May, are out of the TOP 10. That is why it pays to follow IC Insider.

Caribbean Cream gained 115% since the end of June

The two stocks sit just outside the TOP 10 with good potential to make further gains in the weeks and months ahead.
Coming back to the IC Junior Market TOP 10 are Lasco Distributors and Mailpac Group. Lasco Distributors profit is revised to 40 cents per share, for the current fiscal year, from 38 cents previously. The stock trades at a PE of 8 times earnings compared, with the average Junior Market PE over 11 and provides investors with the potential for substantial gains.
There was no change in the Main Market TOP 10 list for the week that saw the Main Market slipping modestly for the past week, while the Junior Market continued to inch higher, with a few points for the week, on top of gains in the previous two weeks.
The top three stocks in each market saw little change in the rankings, leaving the top three Junior Market stocks, with the potential to gain between 239 to 685 percent by March 2021. Caribbean Producers heads the list, followed by Lasco Financial and Stationery and Office Supplies.
The top three Main Market stocks, with expected gains of 191 to 223 percent, are Berger Paints followed by Radio Jamaica and JMMB Group.
This week’s focus: Former IC TOP 10 candidate, Barita Investments reported strong results for the third quarter and nine months to June with profit after tax hitting $991 million in the latest quarter, up modestly from $911 million in 2019 and for the nine months profit of $2 billion, up from $1.4 billion in 2019. Earnings per share ended the third quarter at $1.21 and $2.45 for the year to date. The broker house seems set to come close to IC Insider.com projection for the full year of $3.75. The company declared a dividend of $2.216 per share payable on October 7, with an Ex-dividend date, of September 21.
The targeted average PE ratio of the market is 20 based on the profits of companies reporting full year’s results, from now to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level, an indication of the potential gains ahead. The JSE Main Market ended the week, with an overall PE of 15.1 and the Junior Market at just 11.1, based on IC Insider.com’s projected 2020-21 earnings. The average PE ratio of the Junior Market has been slowly rising better profit opportunities the Main Market and narrowing the gap. The PE ratio for the Junior Market Top 10 stocks averages a mere 6.4 at just 58 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at a PE of 8.3 or 55 percent of the PE of the overall market.
The average projected gain for the IC TOP 10 stocks is 257 percent, for the Junior Market and 149 percent for the JSE Main Market, based on 2020-21 earnings, an indication that there is the potential to make greater gains in the Junior Market than in the Main Market.
IC TOP 10 stocks are likely to deliver the best returns up to March 2021 and ranked in order of potential gains, based on likely gains for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. 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.

Filed Under: Buy Rated Tagged With: Access Financial, Berger Paints, Caribbean Assurance Brokers, Caribbean Producers, Carreras, Daily Trading, Emerging markets, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Laco Distributors, Lasco Financial, Medical Disposables, Radio Jamaica, Scotia Group, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

TTSE inching slowly higher

August 7, 2020 by IC Insider.com

The Trinidad and Tobago Stock Exchange ended trading on Friday, with the market inching higher after investors exchanged slightly fewer shares than on Thursday, resulting in more stocks rising than falling.
The market closed with twelve securities trading with three advancing, two declining and seven stocks remaining unchanged. Trading resulted in 122,491 shares valued at $2,157,481 passing through the market, down from 131,310 stocks for $2,321,854 on Thursday from 17 securities.
The average trade on Friday amounted to 10,208 units at $179,790 versus an average of 7,724 stock units for $136,580 for each security. July closed with an average of 12,712 shares for $166,390.
The T&T Composite Index gained 0.63 points to 1,322.73, the All T&T Index rose 1.25 points to 1,786.58, while the Cross Listed Index was unchanged at 116.06.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of two stocks closing higher than the last selling prices and five with lower offers.
Stocks rising│ Republic Financial Holdings gained 50 cents to close at $141.50, with 2,281 units changing hands, Trinidad Cement ended 10 cents higher at $2.10, in trading 50,000 shares and Unilever Caribbean had 5,000 stock units exchanged at $17, after picking up 10 cents.
Stocks declining│ Clico Investments lost 2 cents exchanging 36,977 shares to finish at $27.83 and Guardian Holdings closed at $19.48, with a loss of 2 cents trading 12,273 stock units.
Stocks trading firm│ Ansa McAL traded 3,416 units at $50, Calypso Macro Index Fund transferred 350 units at $14, First Citizens closed at $47, with an exchange of 385 units. Grace Kennedy ended with 9,000 stock units changing hands at $3.70, Massy Holdings remained at $58, with an exchange of 2,419 units, Scotiabank closed at $54.99, with 90 units crossing the market and Trinidad and Tobago NGL ended at $17.25 trading 300 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Mcal, Calypso Micro Index Fund, Cinemaone, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, Trinidad Cement, TTSE, Unilever Caribbean

JSE Main Market slips again

August 7, 2020 by IC Insider.com

The Jamaica Stock Exchange Main Market ended trading on Friday with the market declining for a third consecutive trading day after more stocks rose than fell after the market activity, resulted in a 61 percent increase in shares changing hands than on Wednesday.
At the close, the All Jamaican Composite Index declined 714.74 points to close at 404,150.40, the Main Index shed 703.29 points to settle at 368,853.34 and JSE Financial Index fell 0.43 points to end at 95.34.
Trading ended with 44 securities changing hands with the prices of 21 stocks rising, the prices of 16 declining and seven remaining unchanged and the average PE Ratio of the market ended at 15.4 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 12,279,679 shares for $35,735,006 compared to 7,635,914 units at $44,926,751 on Wednesday. Transjamaican Highway led trading with 6.28 million shares for 51 percent of total volume, followed by Wigton Windfarm with 2.11 million units for 17.2 percent of the day’s trade. Newly listed Community & Workers Credit Union Preference share traded with 1.32 million units for 10.7 percent market share and Ciboney Group was the only other stock to exceed a million shares to end with 1.07 million units changing hands.
The average trade for the day was 279,084 units at $812,159 for each security, in comparison to 173,544 shares at $1,021,063 on Wednesday. An average of 394,720 units traded for the month to date at $1,810,039 for each security that traded, in contrast to 432,976 units at $2,140,165. Trading month to date compares well to July that ended with an average of 392,128 shares for $2,444,356.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows six stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Barita Investments gained $3.85 to end at $57.85, with an exchange of 935 units, Caribbean Cement fell $3.90 to $42 with investors switching ownership of 12,887 units, Eppley Caribbean Property Fund shed $3.82 in ending at $46.18, with 52,321 stocks crossing the exchange. First Rock Capital fell 79 cents after closing at $14.01 and clearing the market with 21,629 stock units, Jamaica Producers Group lost $1 to close at $22.75 after exchanging 6,400 stocks. Jamaica Stock Exchange gained $1 to close at $23 trading 1,000 stock units, Key Insurance dropped 45 cents to end at $8.50, with 33,481 shares crossing the market, Kingston Wharves gained $1 to end at $51, with 3,270 stocks changing hands. Mayberry Investments climbed 90 cents to close at $5.90 with an exchange of 300 shares, Mayberry Jamaican Equities advanced by 44 cents to end at $9.19 with investors switching ownership of 10,750 units, Palace Amusement rose $11 to close at $1561, with nine units clearing the market. PanJam Investment shed $1 to close at $68 trading 6,594 stocks, Proven Investments carved out a gain of $1.05 to finish at $34.95 with investors switching ownership of 4,371 stock units, Sagicor Group dropped 50 cents to close at $42 with investors exchanging 33,395 stocks. Sagicor Real Estate Fund gained $1.02 to end at $8.88 while exchanging 110 stock units, Seprod gained 96 cents to settle at $56.96, with 36,600 shares crossing the exchange and Wisynco Group advanced 50 cents to $17.60 with investors wapping 85,689 stock units.
In the preference segment of the main market, Eppley 8.25% advanced $1.04 to close at a 52 weeks’ high of $7.94, with 100 stock units changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Co-operative Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Mild recovery for Junior Market

August 7, 2020 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange resumed trading after closing for the Independence Day on Thursday and ended trading on Friday, with the market rising after slightly more stocks rose than declined after investors exchanged 49 percent more shares than on Wednesday.
Trading ended with 31 securities changing hands compared to 30 on Wednesday and ended with the prices of 13 stocks rising, 12 declining and seven ending with prices remaining unchanged.
At the close, the market index rose 11.93 points to close at 2,606.15 and the average PE Ratio of the market ended at 10.6 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 2,637,466 shares for $9,741,864 compared to 1,769,437 units at $5,986,775 on Wednesday.
Main Event led trading with 607,726 shares for 23 percent of total volume followed by Mailpac Group with 576,774 units for 22 percent of the day’s trade and General Accident with 283,368 units for 10.7 percent market share.
Trading ended with an average of 85,080 units at $314,254 in contrast to 58,981 at $199,559 on Wednesday. For the month to date trading averaged 125,607 units at $351,212, in comparison to 138,694 units at $363,147 up to Wednesday. Trading in July resulted in an average of 248,153 units at $668,727.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows four stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Access Financial carved out a gain of $3.49 to close at $26.99 in trading 6,465 shares, AMG Packaging increased 10 cents to end at $1.84 after exchanging 14,749 units, Blue Power fell 5 cents in ending at $3.40 after trading 3,500 shares. Caribbean Assurance Brokers increased 4 cents to close at $2.15 in an exchange of 8,688 stock units, Caribbean Cream rose 15 cents to end at $5.40 after exchanging 115,306 units, Caribbean Producers fell 2 cents to close at $2.42 in trading 58,650 stock units. Derrimon Trading carved out a gain of 1 cent to end at $2.55, with 211,600 stocks changing hands, Dolphin Cove climbed 25 cents to $7.25 with an exchange of 3,630 units, Everything Fresh fell 2 cents to end at 73 cents after clearing the market of 72,417 stock units. Fontana lost 2 cents to close at $5 with investors swapping 85,126 stocks, Fosrich fell 5 cents to $3.70 in trading 106,700 stocks, General Accident rose 20 cents closing at $7.50 after exchanging 283,368 shares. GWest Corporation climbed 3 cents to end at 89 cents in an exchange of 2,400 units, iCreate declined by 2 cents to end at 60 cents, with 68,005 stock units crossing the market, Indies Pharma dropped 6 cents to settle at $2.90 while exchanging 35,193 shares. Jetcon Corporation advanced by 9 cents to settle at $1.01 trading 3,000 units, Knutsford Express increased 38 cents and ended at $7.88 with investors swapping 225 stocks, Lasco Distributors carved out a loss 22 cents to settle at $3.05 in trading 20,967 stock units. Lasco Manufacturing advanced by 18 cents after closing at $3.70, with investors swapping 103,786 units, Limners and Bards rose 14 cents to end at $3, with 90,543 shares, crossing the market, Mailpac Group lost 1 cent to close at $2.14 with investors switching ownership of 576,774 units. Main Event fell 3 cents in closing at $3.96 and exchanging 607,726 stock units, Medical Disposables lost 1 cent to end at $5.19 with an exchange of 6,703 units and Paramount Trading dropped 2 cents to settle at $1.75 trading 8,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Producers, Derrimon Trading, Dolphin Cove, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Trading Activity, tTech

JSE USD market record gains

August 7, 2020 by IC Insider.com

The US dollar market of the Jamaica Stock Exchange closed trading on Friday, with the market index rising after investors traded four times more shares than on Wednesday, resulting in stocks rising outnumbering declining ones.
At the close of the market, trading ended with six securities changing hands with the prices of four stocks rising, one declining and one remaining unchanged.
The JSE USD Equities Index rose 4.19 points to settle at 192.87, with the average PE Ratio of the market ended at 13.6 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 332,053 shares, accounting for US$17,651 compared to 83,915 units at US$19,876 on Wednesday.
Trading resulted in an average of 55,342 units at US$2,942 changing hands on Friday, in contrast to 11,988 shares at US$2,839 on Wednesday. Trading ended with an average of 46,791 units for the month to date at US$4,267, in contrast to 43,773 units at US$4,734. By comparison, July ended with an average of 133,150 units for US$18,282.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows one stock ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, First Rock Capital Investment remained at 9 US cents with an exchange of 151 shares, Proven Investments ended with a modest gain, with the price moving from 24.97 US cents to 24.98 US cents and closed with a mere one unit passing through the market. Sterling Investments gained seven-tenth of a US cent to end at 2.65 US cents with investors exchanging 10,000 stocks, Sygnus Credit Investments gained 1.3 US cents to close at 16.5 US cents, with 9,237 stock units changing hands and Transjamaican Highway lost a fraction of a cent to close at 0.93 of a US cent while exchanging 300,000 shares.
In the preference segment, JMMB Group 6% carved out a gain of 6 US cents to close at US$1.05 in clearing the market with 12,664 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: Daily Trading, Emerging markets, First Rock Capital, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, JSE US dollar market, Proven Investments, Sterling Investments, Sygnus Credit Investments, Trading Activity, Transjamaican Highway

Some of Wednesday’s TTSE gains eroded

August 6, 2020 by IC Insider.com

The Trinidad and Tobago Stock Exchange gave back some of Wednesday’s gains when trading closed on Thursday, with the market rising after investors traded 34 percent fewer shares than on Wednesday, even as more stocks rose than declined.
The market closed with seventeen securities trading with three stocks advancing, two declining and twelve remained unchanged. The volume of stocks passing through the market amounted to 131,310 shares valued at $2,321,854 compared to 198,535 shares valued at $3,608,553 on Wednesday from fifteen securities.
The average trade on Wednesday amounted to 7,724 shares at $136,580 versus an average of 13,236 stocks at $240,570 for each security. For the month to date, trading resulted in an average of 13,691 units for $193,393, compared to an average of 16,165 units for $216,950 up to Tuesday, which is above the average for July of 12,712 shares for $166,390.
At the close of the market, the T&T Composite Index fell 2.87 points to end at 1,322.10. The All T&T Index lost 6.75 points to 1,785.33, while the Cross Listed Index added 0.15 points to 116.06.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of four stocks higher than its last selling price and three with lower offers.
Stocks rising│ Guardian Holdings picked up 15 cents in trading 926 shares to close at $19.15, Grace Kennedy finished 10 cents higher at $3.60, with 18,610 stock units changing hands and Trinidad & Tobago NGL traded 46 shares and added 23 cents to close at $17.25.
Stocks declining│ First Citizens Bank shed 90 cents to close at $47, with 1,000 units changing hands and National Enterprises traded 5,800 shares after falling 49 cents to close at $4.01
Stocks trading firm│ Agostini’s traded 62 shares at $25. Angostura Holdings exchanged 7,297 units at $15.30, Ansa McAl exchanged 3,310 stocks and closed at $50, Calypso Micro Index Fund traded 370 shares to close at $14. Clico Investments closed at $27.85, with a transfer of 36,232 shares, First Caribbean International Bank closed at $7 after transferring 2,000 stock units. Massy Holdings traded 2,316 units at $58, NCB Financial ended at $7.86, with 393 stock units crossing the market, One Caribbean Media exchanged 19,920 stock units at $5.25. Prestige Holdings closed at $8.35 in exchanging a mere five stocks and Republic Financial Holdings closed at $141 after an exchange of 356 shares and Unilever Caribbean traded 29,303 stocks to end at $16.90.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Stock Market, TTSE Market Tagged With: Agostini's, Angostura Holdings, Ansa Mcal, Calypso Micro Index Fund, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, National Enterprises, NCB Financial Group, One Caribbean Media, Prestige Holdings, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean

Junior Market slips on Wednesday

August 5, 2020 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange ended trading on Wednesday with the market index declining after slightly more stocks fell than rose after investors traded nine percent more shares than on Tuesday.
Trading ended with 30 securities changing hands, down from 34 on Tuesday and ended with the prices of 12 stocks rising, 13 declining and five ended, with unchanged prices.
At the close, the Junior Market Index carved out a loss 24.83 points to settle at 2,594.22 and the average PE Ratio of the market ended at 10.5 based on IC Insider.com’s forecast of 2020-21 earnings.
On a day of low volume, the market closed with an exchange of 1,769,437 shares for $5,986,775 compared to 1,625,055 units at $5,194,150 on Tuesday, with Mailpac Group ended as the leading trade with 612,063 shares for 34.6 percent of total volume. Fontana followed, with 252,183 units for 14.3 percent of the day’s trade and Derrimon Trading with 209,765 units for 12 percent market share.
The average traded for the date was 58,981 units at $199,559, in contrast to an average of 47,796 at $152,769 on Tuesday. An average of 138,617 units traded at $363,147 for the month to date, in comparison to 174,816 units at $437,506. Trading in July resulted in an average of 248,153 units at $668,727 trading.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows four stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Access Financial dropped $3.49 in closing at $23.50 with investors swapping 12,531 shares, AMG Packaging increased 1 cent to close at $1.74 while exchanging 3,194 shares, Cargo Handlers inched 1 cent higher to end at $6.52 in an exchange of 3,000 shares. Caribbean Assurance Brokers dropped by 18 cents to $2.11 in an exchange of 8,048 units, Caribbean Cream climbed 20 cents to close at $5.25 after exchanging 112,649 stock units, Caribbean Flavours rose 1 cent to settle at $10.51 with investors switching ownership of 500 stock units. Caribbean Producers climbed 5 cents to settle at $2.44 with investors changing ownership of 30,478 stocks, Derrimon Trading gained 4 cents in ending at $2.54 with investors trading 209,765 stocks, Dolphin Cove carved out a loss 43 cents to settle at $7 with an exchange of 106 shares. Elite Diagnostic fell 49 cents to settle at $3.11 while exchanging 4,500 stocks, Fontana gained 2 cents to settle at $5.02, in an exchange of 252,183 shares, Fosrich fell 15 cents to end at $3.75, with investors swapping 8,250 stock units. General Accident fell 2 cents to settle at $7.30 in an exchange of 56,784 units, iCreate increased 2 cents to settle at 62 cents trading 10,896 stock units, Indies Pharma climbed 6 cents to settle at $2.96 in exchanging 7,473 stock units. Jamaican Teas fell 1 cent in closing at $4.99 while exchanging at 23,440 stocks, Jetcon Corporation lost 9 cents to end at 92 cents in an exchange of 3,000 stocks, KLE Group climbed 2 cents to settle at $1.42 and clearing the market with 2,700 shares. Lasco Distributors gained 2 cents to close at $3.27 in an exchange of 56,668 stock units, Lasco Financial lost 15 cents in closing at $2.35, with 5,505 stock units changing hands, Lasco Manufacturing shed 23 cents to end at $3.52 after 14,255 stocks passed through the market. Limners and Bards shed 2 cents to end at $2.86, with 12,505 shares crossing the market, Lumber Depot declined 1 cent to end at $1.06 trading 97,071 units, Mailpac Group increased 3 cents to $2.15, with 612,063 units changing hands and Medical Disposables carved out a loss 10 cents to finish at $5.20 trading 134,204 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.