The Jamaica Stock Exchange main market continues to reach new highs for the year as investors continue to focus their attention on main market stocks and leaving their Junior Market siblings to play second fiddle.
At the close on Monday, the JSE All Jamaican Composite Index jumped 3,297.34 points to a record close of 483,631.36 and the JSE Index surged 2,996.42 points to yet another record close of 440,482.91.
At the close market activity, on the main and US markets, the prices of 12 securities advanced, 16 declined and 9 traded firm, as a total of 37 securities traded, compared to 33 on Friday. Market activity ended with 77,902,533 units for $226,722,040, in contrast to 96,408,959 units valued $1,106,187,077 on Friday.
Wigton Windfarm led trading with 74 million units or 95 percent of total main market volume, Grace Kennedy closed with 1.84 million shares changing hands equating to 2.4 percent of total trades, followed by Victoria Mutual Investments with 416,503 stock units and less than one percent of the day’s trades.
The market closed with average of 2,360,683 units valued $6,870,365, in contrast to 3,213,632 shares valued at $36,872,903 on Friday. The average volume and value for the month to date amounts to 1,508,699 shares, with a value of $12,537,308, compared to 1,430,601 shares, with a value of $13,110,955 previously. May closed with an average of 2,248,261 units at an average of $12,751,529 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 4 closing with lower offers.
At the close of the market, Barita Investments rose 30 cents and closed at $43.80, trading 10,872 shares, Caribbean Cement dropped 80 cents to close at $79.10, with an exchange of 13,557 shares, Carreras dropped $1.05 to conclude trading of 120,555 units at $7.75, Eppley dived $1.40 to $12 in trading 7,500 shares. Jamaica Broilers finished trading 33,000 units with a fall of $ 2.25 to end at $33.75, Jamaica Producers traded 78,931 shares and rose $2 to close at $27, JMMB Group added $1 trading 73,874 shares to end at $39, Kingston Wharves dived $5 to close at $65, trading 8,937 stock units, Mayberry Investments fell 50 cents, trading 78,393 shares at $8.25. Mayberry Jamaica Equities fell 90 cents to end at $11.20, with 84,460 shares changing hands, PanJam Investment climbed $1 to conclude trading of 37,270 shares at $95. Pulse Investments rose 33 cents to close at $2.98, trading 24,500 shares. Salada Foods traded 205 shares after rising $1.50 to close at $34, , Sagicor Group traded 18,082 units with a rise of 50 cents to close at $48.50, Scotia Group climbed $1.25 to close at $53.50, with an exchange of 172,626 shares and Seprod lost $1.98 to end at $48, in trading 99,522 shares.
Trading in the US securities market resulted in 7,144 units valued at over US$8,587 changing hands. Market activity ended with JMMB Group 6% preference share closed at US$1 trading 3,244 units, JMMB Group 5.75% settled trading of 2,500 shares at US$2, Margaritaville Turks exchanged 100 units at 25 US cents and Proven Investments traded 1,300 units in closing at 26 US cents. The JSE USD Equities Index declined 0.23 points to close at 189.11.
5 TTSE stocks rose 2 decline – Monday
The Trinidad & Tobago Stock Exchange closed higher at the close on Monday with the three main market indices rising with advancing stocks beating out declining ones.
Market activity ended with trading in 14 securities against 13 on Friday, with 5 advancing, 2 declining and 7 remaining unchanged as 312,898 shares valued $8,314,644 changed hands, compared to 260,178 shares valued $3,039,820 from 13 securities trading on Friday.
At close of the market, the Composite Index rose 3.72 points on Monday to 1,362. The All T&T Index gained 4.57 points to 1,802.86, while the Cross Listed Index rose 0.39 points to close at 124.36.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with one stock with a higher bid than the last selling price and none with a lower offer.
Stocks ending with gains| Ansa Mcal increased 16 cents and completed trading of 100,000 units, at $55.18, First Caribbean International Bank rose 12 cents and settled at $8.37, with 11,754 stock units trading, JMMB Group increased by 1 cent and ended at $2.05, with 30,656 stock units changing hands. Scotiabank gained 5 cents and settled at $62.55, trading 2,400 stock units and Trinidad & Tobago NGL finished trading of 33,238 units with 20 cents rise close at $29.
Stocks closing with losses|National Flour fell 2 cents to $1.70, with an exchange of 7,306 units and Prestige Holdings closed with a loss of 2 cents at $9.48, with 100 units crossing the exchange.
Stocks closing firm| First Citizens ended at $39.30, with 1,267 units trading, Gaurdian Media closed at $12.75, after exchanging 100 shares, Massy Holdings ended at $55, with 1,027 units trading, Republic Financial Holdings closed at $121, with investors exchanging 700 shares. Sagicor Financial completed trading at $9.95, with an exchange of 123,470 units, Unilever Caribbean completed trading at $25.30, with 100 stock units changing hands and West Indian Tobacco settled at $112, after exchanging 780 shares.
Prices of securities trading for the day are those at which the last trade took place.
Just one new stock for IC TOP 10
Stocks mostly closed higher on the Jamaica Stock Exchange during the past week but Lasco Financial was the sole stock falling from the TOP 10 listings and letting Jamaican Teas back in.
Rising stock prices in the last week help in reducing the projected gains for some of the leading stocks compared to position at the end of the prior week. The three leading Junior Market stocks for the coming week are, Iron Rock with projected gains of 242 percent, followed by Caribbean Producers 233 percent and tTech with possible gains of 202 percent.
Radio Jamaica with potential gains of 161 percent leads main market stocks, followed by Sterling Investments with 156 percent and Victoria Mutual Investments in third spot with the potential to gain 144 percent by March next year.
The main market, closed the week with the overall PE rising to 15.2 but the Junior Market remains at 11.1. The PE ratio for Junior Market Top 10 stocks averages 7.2 and the main market PE 9.1. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 35 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 40 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
This report is compiled by persons who may have interest in the securities commented on.
TTSE stocks make headway on Friday
The Trinidad & Tobago Stock Exchange rose modestly at the close on Friday with the three main market indices rising with advancing stocks be dominant movers.
The market closed with 13 securities trading similar to Thursday, leading to 6 advancing, 2 declining and 5 remaining unchanged as 260,178 shares valued $3,039,820 changed hands, compared to 228,214 shares valued $4,565,216 from 13 securities trading on Thursday.
At close of the market, the Composite Index rose 0.57points on Friday to 1,358.40. The All T&T Index gained 0.29 points to 1,798.29, while the Cross Listed Index inched higher by 0.12 points to close at 123.97.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 2 stocks with higher bids than their last selling prices and one with a lower offer.
Stocks ending with gains| Agostini’s closed with an increase of 15 cents to close at a 52 weeks’ high of $23.75, after exchanging 113 shares, Grace Kennedy ended with a rise of 10 cents at $3.25 trading 91 units, Guardian Holdings ended trading with 10,137 shares and rose by 5 cents to settle at $18.45. JMMB Group added 4 cents and ended at $2.04, with 1,000 stock units changing hands, Massy Holdings gained 5 cents and ended at $55, after exchanging 200 stock units and NCB Financial Group increased 1 cent and ended at $8.45, with 160,000 stock units changing hands.
Stocks closing with losses| First Caribbean International Bank closed with a loss of 13 cents and settled at $8.25, after exchanging 55,500 shares and Scotiabank closed down 9 cents and settled at $62.50, after exchanging 2,061 shares.
Stocks closing firm| Calypso Macro Index Fund ended at $15.30, with 728 stock units changing hands, Clico Investments completed trading of 2,402 units at $24.45, First Citizens Bank ended at $39.30, after exchanging 2,581 shares, Trinidad & Tobago NGL closed at $28.80, after trading 23,365 shares and Unilever Caribbean completed trading of 2,000 units at $25.30.
Prices of securities trading for the day are those at which the last trade took place.
TTSE stocks continue to lose steam – Thursday
The Trinidad & Tobago Stock Exchange suffered further decline at the close on Wednesday with the three main market indices falling as just 2 stocks rose.
The market closed with 13 securities trading, leading to 2 advancing, 5 declining and 6 remaining unchanged as 228,214 shares valued $4,565,216 changed hands, compared to 331,800 shares valued $5,963,334 from 14 securities trading on Wednesday.
At close of the market, the Composite Index shed 0.89 points on Thursday to 1,357.83. The All T&T Index fell 1.28 points to 1,798.00, while the Cross Listed Index declined 0.07 points to close at 123.85.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 4 stocks with higher bids than their last selling and one with a lower offer.
strong>Stocks ending with gains| First Caribbean International Bank rose 3 cents and completed trading at $8.38, after exchanging 31,290 shares and Sagicor Financial closed with a gain of 40 cents to end at $9.95, trading 54,954 units.
Stocks closing with losses| Clico Investments ended trading 5 cents lower at $24.45, with 1,592 units changing hands, Guardian Holdings lost 5 cents and completed trading 1,000 shares at $18.40, JMMB Group closed with a loss of 5 cents at $2, with 20,000 stock units changing hands. NCB Financial Group fell 1 cent to close at $8.44, after exchanging 4,490 stock units and Trinidad & Tobago NGL shed 20 cents and settled at $28.80, with 100,234 shares changing hands.
Stocks closing firm| Calypso Macro Index Fund concluded at $15.30, with 50 stock units changing hands, First Citizens settled at $39.30, after exchanging 300 shares, Massy Holdings closed at $54.95 trading 11,430 stock units. Prestige Holdings settled at $9.50, in exchanging 201 shares, Scotiabank completed trading of 958 shares at $62.59 and Unilever Caribbean ended at $25.30, with 1,715 units crossing the exchange.
Prices of securities trading for the day are those at which the last trade took place.