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Trading drops on the Trinidad Stock Exchange

January 8, 2024 by IC Insider.com

Trading activity dropped on Monday on the Trinidad and Tobago Stock Exchange with the volume of stocks traded declining 50 percent resulting from a 44 percent fall in the value of stocks changing hands compared to trading on Friday and resulting in trading in 19 securities compared with 17 on Friday and ended with prices of seven stocks rising, seven declining and five remaining unchanged.
Investors exchanged 99,816 shares for $1,176,523 versus 199,426 stock units at $2,091,155 on Friday.
An average of 5,253 units were traded at $61,922 compared to 11,731 shares at $123,009 on Friday. Trading for the month to date averages 12,323 shares at $114,584 compared with 14,561 stock units at $131,259 on the previous trading day compared with an average for December of 17,065 shares at $239,371.
The Composite Index sank 2.35 points to end at 1,207.80, the All T&T Index shed 5.36 points to close trading at 1,806.51, the SME Index remained unchanged at 78.58 and the Cross-Listed Index rallied 0.12 points to lock up trading at 79.37.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Agostini’s advanced 8 cents and ended at $68.50 in an exchange of 773 units, Angostura Holdings dipped $2 to $20 with investors dealing in 349 stocks, Ansa McAl popped 90 cents to close at $55.90, with 172 shares changing hands. Ansa Merchant Bank ended at $43 after 11 stock units passed through the market, CinemaOne fell 20 cents to $7 with an exchange of 8 shares, Endeavour Holdings ended trading at $14.75, with an exchange of 3,000 stock units. First Citizens Group popped 30 cents to end at $49.50 with investors swapping 1,710 units, GraceKennedy fell 21 cents to close at $4.18 after an exchange of 7,076 stock units, Guardian Holdings lost 75 cents to end at $18.25 with a transfer of 396 shares. Guardian Media climbed 5 cents and ended at $2.25 as investors exchanged 652 stocks, JMMB Group ended at $1.26, with 1,500 units crossing the market, Massy Holdings rose 3 cents to close at $4.45 with an exchange of 54,788 stock units. Point Lisas remained at $3.90 and closed with an exchange of 5,000 shares, Prestige Holdings ended at $9.30 after an exchange of 5,000 stock units, Republic Financial closed trading at $122.98 with a gain of 58 cents after investors traded 2,516 stocks. Scotiabank rallied 44 cents to close at $69.50, with investors exchanging 2,378 stocks, Trinidad & Tobago NGL dipped 4 cents to end at $10.94 in switching ownership of 2,798 shares, Trinidad Cement shed 19 cents in closing at $3.11 after a transfer of 1,860 units and Unilever Caribbean slipped 1 cent to $11.99 with investors trading 9,829 stocks.

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, Ansa Merchant Bank, Calypso Micro Index Fund, Cinemaone, Daily Trading, Emerging markets, Emerging Stock, Endeavour Holdings, First Citizens, GraceKennedy, Guardian Holdings, Guardian Media, JMMB Group, Massy Holdings, NCB Financial Group, One Caribbean Media, Point Lisas, Prestige Holdings, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, Trinidad Cement, TTSE, Unilever Caribbean

Honey Bun jumps into ICTOP 10

January 8, 2024 by IC Insider.com

Honey Bun jumped into the Junior Market IC TOP10 this week in the sixth place, while Access Financial dropped out in a week when both of the Main and Junior markets declined in value compared to the 2023 year end close. Honey Bun rose to the ICTOP 10 following the release of the 2023 full year results, showing profit after tax rising 14 percent to $232 million, with indications that the 2024 performance should see profits hitting 80 cents per share with a PE of 8 currently.
Honey Bun sales income rose 16 percent for the fiscal year but only 8 percent in the final quarter.
t the close of the market on Friday, five Junior Market stocks gained between two and eight percent and three fell by 2 percent and 18 percent, while just two Main Market stocks rose at 2 and to four percent and seven fell by 7 percent or less.
The Main Market ICTOP10 ended with, 138 Student Living gaining 4 percent to $4.05. Declining stocks include JMMB Group down seven percent to $24.25, Pulse Investments with a six percent fall to $1.97 and General Accident down four percent to $4.66.
The Junior Market ended the week, with Lasco Manufacturing rising eight percent to $4.64, Lasco Distributors up seven percent to $4 and AMG Packaging climbing six percent to $3.20. Jamaican Teas dropped eighteen percent to $2.31, as investors seem to ignore a positive report on the group that was published in the Financial Gleaner on Friday.
The average PE for the JSE Main Market ICTOP 10 stands at 5.2, well below the market average of 13.4 and the Junior Market TOP10 sits at 7.3, just over half of the market, with an average of 13.4.
The Main Market ICTOP10 is projected to gain an average of 292 percent by May 2024, based on 2023 forecasted earnings, providing better values than the Junior Market with the potential to gain 189 percent over the same time frame.
In the Main Market ICTOP 10, a total of 14 of the most highly valued stocks representing 29 percent of the Main Market are priced at a PE of 15 to 110, with an average of 32 and 21 excluding the highest PE ratios, and a PE of 25 for the top half and 18 excluding the stocks with overweight values.
In the Junior Market, there are 12 stocks, or 25 percent of the market, with PEs from 15 to 50, averaging 23, well above the market’s average. The top half of the market has an average PE of 18, possibly the lowest fair value for stocks.
Of great import is that the averages of both markets are now converging around a PE of 20 for close to a third of the market, as the year is coming to a close and with more information available on the full year’s earnings.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2024 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 and result 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.

Filed Under: Buy Rated, Feature Stories Tagged With: 138 Student Living, AMG Packaging, Caribbean Cream, Caribbean Producers, Daily Trading, Elite Diagnostic, Emerging markets, Express Catering, General Accident, Guardian Holdings, Honey Bun, Iron Rock Insurance, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, JMMB Group, junior market, Key Insurance, Lasco Distributors, Lasco Manufacturing, Margaritaville, Palace, Scotia Group, Stocks to Watch, TOP 10 stocks, Trading Activity

Stocks fell on the JSE Main & Junior Markets

January 6, 2024 by IC Insider.com

Trading on Friday ended with 39 ordinary shares declining against just 27 that gained as the Jamaica Stock Exchange suffered declines in the Main Market and the Junior Market but the JSE USD market closed higher following a rise in the volume and value of stocks trading.
At the close of trading on Friday, the JSE Combined Market Index shed 1,100.91 points to close at 335,745.66, the All Jamaican Composite Index dropped 3,528.13 points to 359,937.89, the JSE Main Index lost 1,060.72 points and wrapped up trading at 322,697.93. The Junior Market Index fell 12.12 points to end at 3,780.14 and the JSE USD Market Index rose 4.38 points to 241.69.
At the close of trading, 16,067,798 shares were exchanged in all three markets, up from 10,635,206 units on Thursday,
with the value of stocks traded on the Junior and Main markets amounted to $60.18 million, up from $38.4 million on Tuesday and the JSE USD market closed after 13,643 shares were traded, for US$3,500 compared to 250,247 units at US$11,360 on Thursday.
Main Market trading was dominated by Transjamaican Highway with 3.35 million shares followed by Carreras with 2.22 million units, Wigton Windfarm with 1.32 million units and Sagicor Select Financial Fund with 1.17 million units.
In the Junior Market, One Great Studio led trading with 1.13 million shares followed by Dolla Financial with 727,676 units and Everything Fresh with 565,867 units.
At the close of the market, Main Market stocks rallying were Eppley Caribbean Property Fund climbing $1.02 and ended at $38.02. First Rock Real Estate popped $1.05 to end at $8, GraceKennedy gained $1.40 in closing at $79.40,
Declining Main Market stocks include Barita Investments with a loss of $2.01 to close at $71, JMMB Group declining $1.25 to $24.25, Sagicor Group dropping $5.39 and ended at $41.60, Scotia Group skidded $1.29 in closing at $38, while Sperod sank $8 to close at $77.
In the Junior Market rising stocks include Cargo Handlers with a gain of 92 cents in closing at $14 and the only stock with a sizable loss in this market was AMG Packaging down 70 cents in ending at $3.20.
In the preference segment, Productive Business Solutions 10.5 % preference share advanced $5 to end at $1,080.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.9 on 2022-23 earnings and 14 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The net asset value of each company is reported as a guide to quickly assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume pertaining to the highest bid and the lowest offer for each company.

Filed Under: Feature Stories, JSE Combined, Stock Market Tagged With: 138 Student Living, AMG Packaging, Barita Investments, Carreras, Daily Trading, Emerging market, Eppley, Jamaica Stock Exchange, Jamaica Stock Exchange Combined Index, Jamaican stocks, JSE Main Index, junior market, Junior Market index, Net asset Value of Jamaican stocks, PE Ratio of Jamaican stocks, Productive Business Solutions, Sagicor Select Funds, Scotia Group, Seprod, Trading Activity, Transjamaican Highway

JSE Main Market stocks slide

January 5, 2024 by IC Insider.com

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Stocks mostly slipped in trading on the Jamaica Stock Exchange Main Market on Friday, with the Main market index slipping just under one percent for the first week in 2024, with the volume of stocks trading on Friday climbing 63 percent and the value 62 percent more than on Thursday, with resulting from trading in 59 securities up from 55 on Thursday, and ended with 18 rising, 23 declining and 18 ending unchanged.
Trading ended after 10,952,841 shares changed hands for $49,613,181 versus 6,738,490 stock units for $30,536,095 on Thursday.
Trading averaged 185,641 shares at $840,901 compared with 122,518 units at $555,202 on Thursday and month to date, an average of 153,732 units at $858,866 compared to 143,096 units at $864,854 on the previous day and December with an average of 264,266 units at $3,755,946.
Transjamaican Highway led trading with 3.35 million shares for 30.6 percent of total volume followed by Carreras with 2.22 million units for 20.3 percent of the day’s trade, Wigton Windfarm with 1.32 million units for 12.1 percent market share and Sagicor Select Financial Fund with 1.17 million units for 10.7 percent of total volume.
The All Jamaican Composite Index lost 3,528.13 points to end the day at 359,937.89, the JSE Main Index skidded 1,060.72 points to finish at 322,697.93 and the JSE Financial Index dipped 0.11 points to 70.34.
The Main Market ended trading with an average PE Ratio of 13.4. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments lost $2.01 to close at $71 with a transfer of 2,146 stocks, Carreras sank 50 cents to $8.15 and closed with an exchange of 2,218,944 units, Eppley Caribbean Property Fund climbed $1.02 and ended at $38.02 with investors trading 1,347 shares. First Rock Real Estate popped $1.05 to end at $8 with an exchange of 1,733 stock units, GraceKennedy gained $1.40 in closing at $79.40, with 12,007 shares crossing the market, Jamaica Broilers rose 40 cents to $33.90 after investors ended trading with 18,958 units. Jamaica Producers declined 50 cents and ended at $22.50 after a transfer of 4,475 stocks, JMMB Group fell $1.25 in closing at a 52 weeks’ low of $24.25 after switching ownership of 23,230 stock units, Kingston Properties dropped 49 cents to close at $7.01 after an exchange of 10,445 shares. NCB Financial shed 50 cents to end at $67 after 58,382 units passed through the market, Proven Investments rallied 34 cents to $22.44 after an exchange of 5,129 stocks, Sagicor Group dipped $5.39 and ended at $41.60 with investors swapping 34,746 stock units. Scotia Group skidded $1.29 in closing at $38 after an exchange of 50,732 shares, Seprod sank $8 to close at $77 with investors trading 28,326 units, Supreme Ventures rallied $1.39 to end at $25.99 with 20,775 stocks crossing the market and Sygnus Credit Investments declined 60 cents to $10.70 as investors exchanged 33,660 stock units.
In the preference segment, Productive Business Solutions 10.5 % preference share advanced $5 to end at $1,080 with 28 shares clearing the market.
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, AS Bryden, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, General Accident, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Group, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Falling stocks pushed down Trinidad market

January 5, 2024 by IC Insider.com

Trading ended on the Trinidad and Tobago Stock Exchange on Friday, with a 117 percent jump in the volume of stocks traded and a 43 percent rise in value over Thursday, resulting in prices of 17 securities trading up from 15 on Thursday, with prices of four stocks rising, seven declining and six remaining unchanged.
Investors exchanged 199,426 shares for $2,091,155 versus 91,895 stock units at $1,461,093 on Thursday.
An average of 11,731 units were traded at $123,009 compared to 6,126 shares at $97,406 on Thursday, with trading month to date averaging 14,561 shares at $131,259 compared with 15,680 units at $134,522 on the previous day and December with an average of 17,065 shares at $239,371.
The Composite Index shed 4.20 points to close at 1,210.15, the All T&T Index fell 0.94 points to settle at 1,811.87, the SME Index climbed 7.86 points to culminate at 78.58 and the Cross-Listed Index shed 1.08 points to culminate at 79.25.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Agostini’s shed 8 cents to end trading of 45 stocks at $68.42, Ansa Merchant Bank ended at $43 in an exchange of 104 units, Calypso Macro Investment Fund remained at $23.50 with the swapping of 521 shares. Endeavour Holdings rose $1.65 in closing at a 52 weeks’ high of $14.75, with 1,000 stock units changing hands, First Citizens Group rallied 8 cents to finish at $49.20 trading 12,341 shares, FirstCaribbean International Bank dropped 5 cents to close at $7, with 36,285 stock units clearing the market. GraceKennedy popped 23 cents to end at $4.39 with investors trading 22,788 units, JMMB Group lost 14 cents in closing at $1.26 in an exchange of 3,384 stocks, Massy Holdings dipped 3 cents to end at $4.42 with investors dealing in 47,598 shares. National Enterprises slipped 2 cents to close at $3.96 while exchanging 635 stock units, National Flour Mills declined 20 cents to $1.74, with 6,536 units crossing the market, Prestige Holdings closed at $9.30 with an exchange of 61,607 stock units. Republic Financial fell 60 cents to $122.40 with investors trading 1,832 shares, Scotiabank ended at $69.06 with an exchange of 411 stock units, Trinidad & Tobago NGL ended at $10.98 after 2,849 shares were traded. Trinidad Cement ended at $3.30 with traders dealing in 400 stock units and Unilever Caribbean increased 1 cent and ended at $12 in switching ownership of 1,090 shares.
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, Ansa Merchant Bank, Calypso Micro Index Fund, Daily Trading, Emerging markets, Emerging Stock, Endeavour Holdings, First Caribbean International Bank, First Citizens, GraceKennedy, JMMB Group, Massy Holdings, National Enterprises, National Flour, Prestige Holdings, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, Trinidad Cement, TTSE, Unilever Caribbean

Junior Market slips on Friday

January 5, 2024 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange slipped moderately at the close on Friday, following a 40 percent fall in the volume of stocks traded with a 34 percent greater value than Thursday resulting from trading in 42 securities compared with 41 on Thursday and ending with prices of 12 rising, 16 declining and 14 closing unchanged.
Investors traded 5,101,314 shares for $10,562,036 compared with 3,646,469 units at $7,879,162 on Thursday.
Trading averaged 121,460 shares at $251,477, compared to 88,938 units at $192,175 on Thursday with a month to date, average of 143,939 shares at $292,526 compared with 151,373 stock units at $306,101 on the previous day. December closed with an average of 466,866 units at $1,111,272.
One Great Studio led trading with 1.13 million shares for 22.1 percent of total volume followed by Dolla Financial with 727,676 units for 14.3 percent of the day’s trade and Everything Fresh with 565,867 units for 11.1 percent market share.
At the close, the Junior Market Index dropped 12.12 points to close at 3,780.14.
The Junior Market ended trading with an average PE Ratio of 13.4, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial increased 30 cents to end the session at $25.50 after an exchange of just 119 stock units, AMG Packaging lost 70 cents and ended at $3.20 with a transfer of 8,081 shares, Blue Power climbed 30 cents to end at $3 with 307 stocks being traded. Cargo Handlers rose 92 cents in closing at $14 in switching owners of 1,500 units, Caribbean Flavours skidded 25 cents to close at $1.67, with 7,810 stocks crossing the exchange, Fontana fell 10 cents to $10.50 with investors swapping 127,467 units. Future Energy shed 10 cents to close at $3.50 with an exchange of 133,778 shares, Indies Pharma sank 27 cents in closing at $2.65 after the trading of 157,736 stock units, Lasco Manufacturing rallied 14 cents and ended at $4.64 in an exchange of 7,661 shares. Mailpac Group popped 8 cents to end at $2.12 with investors trading 86,905 stock units, Main Event declined 34 cents in closing at $14 following 237 units crossing the market, MFS Capital Partners rallied 9 cents to $2.09 with investors trading 230,370 stocks. Paramount Trading advanced 20 cents to end at $1.59 after 14,057 units crossed the market, Spur Tree Spices popped 30 cents and ended at $2.54 with traders dealing in 55,442 shares and Tropical Battery dipped 7 cents to close at $1.87 with an exchange of 137,318 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolla Financial, Dolphin Cove, Edufocal, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, Honey Bun, iCreate, ImagePlus, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, JFP Ltd, junior market, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, MFS Capital Partners, One Great Studio, Paramount Trading, Spur Tree Spices, Stationery and Office, Trading Activity

5% gain for JSE USD market year to date

January 5, 2024 by IC Insider.com

Stocks gained 5 percent in the first week of trading in 2024 at the close on Friday on the Jamaica Stock Exchange US dollar market. Trading ended with a 95 percent drop in the volume of stocks changing hands, valued 69 percent lower than Thursday and resulting in six securities being traded, compared to five on Thursday with three rising, one declining and two ending unchanged.
Overall, 13,643 shares were traded, for US$3,500 compared to 250,247 units at US$11,360 on Thursday.
Trading averaged 2,274 units at US$583 compared with 50,049 shares at US$2,272 on Thursday, with a month to date average of 19,968 shares at US$949 compared with 25,867 units at US$1,071 on the previous day and December with an average of 28,010 units for US$1,403.
The US Denominated Equities Index climbed 4.94 points to close at 242.30, up 4.9 percent for the year to date.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.6. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share advanced 0.39 of a cent to close at 4.89 US cents in an exchange of 40 stock units, Proven Investments dipped 0.1 of one cent to 14.5 US cents with investors swapping 921 shares, Sterling Investments rose 0.03 of a cent to end at 1.6 US cents with 11,076 units changing hands. Sygnus Credit Investments remained at 9 US cents after closing with an exchange of 25 stocks and Transjamaican Highway climbed 0.12 of one cent and ended at 1.72 US cents with 1,306 shares crossing the market.
In the preference segment, Productive Business Solutions 9.25% preference share ended at US$11.50 after an exchange of 275 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, Productive Business Solutions, Proven Investments, Sterling Investments, Sygnus Credit Investments, Trading Activity, Transjamaican Highway

Mixed trading on the JSE Main Market

January 4, 2024 by IC Insider.com

Trading ended with mixed fortunes on the Jamaica Stock Exchange Main Market on Thursday, with the volume of stocks traded declining 4 percent and the value 46 percent lower than on Wednesday, with trading in 55 securities compared with 60 on Wednesday, with prices of 23 rising, 20 declining and 12 ending unchanged.

Trading ended with the All Jamaican Composite Index advancing 1,082.80 points to end the day at 363,466.02, the JSE Main Index dropping 499.84 points to close trading at 323,758.65 and the JSE Financial Index lost 0.06 points to finish at 70.45.
Investors traded 6,738,490 shares for $30,536,095 compared with 7,001,247 units at $56,070,502 on Wednesday.
Trading on thursday averaged 122,518 shares at $555,202 down from 116,687 units at $934,508 on Wednesday and month to date, an average of 143,096 units at $864,854 compared to 152,373 units at $1,004,452 on the previous day. December closed with an average of 264,266 units at $3,755,946.
Transjamaican Highway led trading with 1.41 million shares for 20.9 percent of total volume followed by Sagicor Select Financial Fund with 1.29 million units for 19.2 percent of the day’s trade and QWI Investments with 888,809 units for 13.2 percent of market share.
The Main Market ended trading with an average PE Ratio of 13.5. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with their financial year ending around August 2024.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments dropped 88 cents and ended at $73.01 after investors exchanged 2,341 stocks, General Accident rose 41 cents to $4.84 after a transfer of 6,958 units, GraceKennedy lost $1.75 to close at $78 with traders dealing in 37,643 shares. Guardian Holdings dipped 99 cents to end at $398.99 in switching ownership of 96 stock units, Jamaica Broilers sank $1 in closing at $33.50 after an exchange of 15,570 shares, Jamaica Producers popped 50 cents to $23 in trading 68,018 stock units. JMMB Group advanced 50 cents to $25.50 after hitting an intraday 52 weeks’ low of $23.89 after 60,520 units crossed the market, Massy Holdings skidded 54 cents in closing at $90.46 after exchanging 2,232 stocks, MPC Caribbean Clean Energy fell 49 cents and ended at $89.01 with 310 units clearing the market. NCB Financial rose $1 to close at $67.50 in an exchange of 19,439 shares, Pan Jamaica gained 50 cents to close trading at $50.50 with an exchange of 468 stocks, Proven Investments shed 40 cents to close trading at $22.10, with 50,116 stock units changing hands. Scotia Group climbed 79 cents to end at $39.29 after 6,125 shares passed through the market, Seprod rallied $2.10 in closing at $85 with investors trading 30,503 stocks, Stanley Motta popped 46 cents and ended at $5.82 with investors trading 4,000 stock units. Supreme Ventures declined $1.35 to $24.60 with an exchange of 343,822 stock units and Wisynco Group lost 80 cents to close at $21.50, with 28,959 shares crossing the market.
In the preference segment, 138 Student Living preference share dropped $10 to end at $120 in an exchange of 2 stock units and Productive Business Solutions 10.5% preference share advanced $15 in closing at $1,075 with investors swapping 24 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Slippage for JSE USD Market

January 4, 2024 by IC Insider.com

Trading remained subdued on the Jamaica Stock Exchange US dollar market on Thursday, even with a 53 percent rise in the volume of stocks changing hands, valued 298 percent more than on Wednesday. Market activity resulted in trading of five securities, compared to six on Wednesday with prices of two rising, one declining and two ending unchanged.
At the close of the market on Thursday, 250,247 shares were traded for US$11,360 up from 163,964 units at US$2,851 on Wednesday.
Trading averaged 50,049 units at US$2,272 versus 27,327 shares at US$475 on Wednesday, with a month to date average of 25,867 shares at US$1,071 compared with 16,566 units at US$609 on the previous day. In comparison, December ended with an average of 28,010 units for US$1,403.
The US Denominated Equities Index lost 1.31 points to conclude trading at 237.36.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.5. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
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, Proven Investments remained at 14.6 US cents in an exchange of 488 units, Sygnus Credit Investments rose 0.5 of a cent to 9 US cents and closed after 4,091 stocks changed hands and Transjamaican Highway lost 0.12 of a cent to end at 1.6 US cents after a transfer of 239,600 shares.
In the preference segment, JMMB Group 6% advanced 4 cents in closing at US$1.05 trading 6,001 stock units and Productive Business Solutions 9.25% preference share ended at US$11.50 while exchanging 67 shares.
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, Productive Business Solutions, Proven Investments, Sygnus Credit Investments, Trading Activity, Transjamaican Highway

Junior Market bounces as year-end prices adjust

January 4, 2024 by IC Insider.com

Trading closed on the Junior Market of the Jamaica Stock Exchange Thursday, with the volume of stocks traded declining 38 percent and the value 40 percent lower than Wednesday with trading taking place in 41 securities compared with 39 on Wednesday and ended with 13 rising, 15 declining and 13 closing unchanged as some prices that enjoyed a year end bounce continue to normalise.
Investors traded 3,646,469 shares for $7,879,162 compared with 5,922,564 units at $13,058,153 on Wednesday.
Trading averaged 88,938 shares at $192,175, compared to 151,861 units at $334,824 on Wednesday. Trading for the month to date, averaged 151,373 stock units at $306,101 compared with 181,138 stock units at $360,415 on the previous day well off from December that closed with an average of 466,866 units at $1,111,272.
iCreate led trading with 612,599 shares for 16.8 percent of total volume followed by Future Energy with 573,561 units for 15.7 percent of the day’s trade and One Great Studio with 415,210 units for 11.4 percent market share.
At the close, the Junior Market Index climbed 29.96 points to finish at 3,792.26.
The Junior Market ended trading with an average PE Ratio of 13.4, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of trading on Thursday, CAC 2000 dipped 35 cents to end at $4.50 after an exchange of 200 stock units, Caribbean Assurance Brokers popped 10 cents to end at $2.25, with 548 shares changing hands, Caribbean Flavours advanced 25 cents in closing at $1.92 after 4,199 stocks passed through the market. Dolphin Cove rose 70 cents to close at $20 with a transfer of 33,909 units, EduFocal rallied 14 cents to end at $1.74 with 262,714 shares clearing the market, Fontana increased 52 cents in closing at $10.60 in an exchange of 83,421 stock units. Fosrich fell 7 cents to $2.23, with traders dealing in 68,200 units, GWest Corporation skidded 8 cents and ended at 89 cents in an exchange of 10,000 stocks, Honey Bun climbed 19 cents to close at $6.30 with investors trading 2,936 shares. Lumber Depot sank 26 cents to end at $2.39 closed after an exchange of 53,494 stocks, Mailpac Group shed 20 cents in closing at $2.04 with investors swapping 29,280 units, MFS Capital Partners dropped 21 cents to $2 after a transfer of 144,632 stock units. Paramount Trading gained 7 cents and ended at $1.39, with 27,581 shares crossing the exchange and Spur Tree Spices lost 33 cents to close at $2.24 in switching ownership of 113,129 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.