Scotiabank was the leading declining stocks on the Trinidad and Tobago Stock Exchange on Friday, with 13 securities trading, down sharply from 20 on Thursday and ending with none gaining, nine declining and four ended firm as trading ended with 30 percent fewer stocks changing hands with a 20 percent lower value than on Thursday .
The market closed with trading of 41,009 shares for $775,444 compared with 58,851 stock units at $974,667 on Thursday.
An average of 3,155 shares were traded at $59,650 compared to 2,943 units at $48,733 on Thursday, with trading for the month to date averaging 7,892 shares at $101,889 compared with 8,252 units at $105,101 on the previous day and an average for May of 15,629 shares at $129,694.
The Composite Index lost 5.19 points to close at 1,125.00, the All T&T Index sank 4.00 points to end trading at 1,679.64, the SME Index remained unchanged at 86.99 and the Cross-Listed Index dipped 0.90 points to finish at 74.40.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Ansa Merchant Bank fell 50 cents to $41.50 and closed after 2,565 shares were traded, First Citizens Group declined 25 cents to $42 with investors trading 1,820 stocks, FirstCaribbean International Bank ended at $6.90 after investors ended up trading 81 shares. GraceKennedy shed 24 cents and ended at $3.55, with investors trading 2,490 stock units, JMMB Group dipped 7 cents to $1.21 after a transfer of 11,000 shares, L.J. Williams B share ended at $1.86 with traders dealing in 185 units. 
National Flour Mills slipped 1 cent to $2.15 after investors exchanged 600 units, Prestige Holdings ended the day at $13 with investors swapping 9,059 stocks, Republic Financial skidded 4 cents in closing at $108 with an exchange of 3,378 shares. Scotiabank lost 99 cents to end at $65, with 120 units clearing the market, Trinidad & Tobago NGL slipped 42 cents to $7 after an exchange of 7,248 units, Unilever Caribbean dipped 65 cents and ended at $11.15 with a transfer of 500 stocks and West Indian Tobacco remained at $10, with 1,963 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
No winners just losers on Trinidad Exchange
Main Market rallies
Main Market stocks closed higher In trading on the Jamaica Stock Exchange on Thursday, with MPC Caribbean Energy jumping $14.30 to the highest level since early March this year and leading the 14 stocks rising for the day with trading in 58 securities compared with 57 on Wednesday resulting in prices of 22 declining and 22 ending unchanged.
The market closed with 56 percent more shares with 15,756,830 units changing hands with an 86 percent greater value of $136,607,787 up from 10,130,721 units at $73,404,291 on Wednesday.
Trading on Thursday averaged 271,669 shares at $2,355,307 up from 177,732 units at $1,287,795 on Wednesday and for the month to date, an average of 252,000 stocks at $1,513,776 compared with 249,583 units at $1,410,367 on the previous day and May with an average of 336,947 units at $2,177,110.
Transjamaican Highway led trading with 6.77 million shares for 43 percent of total volume followed by Carreras with 2.01 million units for 12.7 percent of the day’s trade and Sagicor Select Financial Fund with 1.27 million units for 8.1 percent of the day’s trade.
The All Jamaican Composite Index rose 2,126.19 points to 356,728.99, the JSE Main Index increased 1,388.74 points to 319,996.09 and the JSE Financial Index popped 0.34 points to settle at 67.27.
The Main Market ended trading with an average PE Ratio of 13.9. 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 2025.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AS Bryden lost $3.65 to finish $34 608 stock units crossing the market, Caribbean Cement climbed $2.33 and ended at $64.73 as investors exchanged 107,900 shares, Eppley increased by $1.95 to close at $38.95, with 1,616 stocks crossing the market. General Accident slipped $1.33 to finish at $5.22 after an exchange of 121,844 units, GraceKennedy popped 53 cents to end at $76.50 in trading 115,040 shares, Jamaica Broilers sank $1.77 in closing at $32.03, with 516,486 units changing hands. 
JMMB Group shed 41 cents to close at $24.10 in trading of 88,348 stocks, Kingston Properties declined by 40 cents to finish at $8 with 1,306 stocks changing hands, Lasco Manufacturing popped 55 cents and ended at a 52 weeks’ high of $7, with investors trading 440,062 shares. MPC Caribbean Clean Energy rose $14.30 to close at $109.30 in an exchange of 65 units, NCB Financial rallied $1.50 in closing at $59 after 45,720 stocks passed through the market, Pan Jamaica fell $2.70 to end at $46.80 with traders dealing in 600 stock units. Scotia Group dipped $1.25 in closing at $42.21 after a transfer of 549,676 shares and Seprod skidded $1.25 to $78.50, with 103,203 units crossing the exchange.
In the preference segment, Sygnus Credit Investments C10.5% dropped $16.86 to finish at $95.45 in switching ownership of 10,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
All stocks fell on the JSE USD Market
All stocks declined on Thursday in trading on the Jamaica Stock Exchange US dollar market with four securities changing hands the same number as Wednesday and ended with the volume of stocks exchanged rising 502 percent, with an 11 percent lower value than on Wednesday.
The market closed with an exchange of 456,359 shares for US$13,103 compared to 75,761 units at US$14,761 on Wednesday.
Trading averaged 114,090 units at US$3,276 versus 18,940 shares at US$3,690 on Wednesday, with a month to date average of 47,993 shares at US$2,923 compared with 43,272 units at US$2,898 on the previous day and May that ended with an average of 32,077 units for US$3,201.
The US Denominated Equities Index fell 0.15 points to end at 219.86.
The PE Ratio, a measure used in computing appropriate stock values, averages 7.9. 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 two with lower offers.
At the close of the market, MPC Caribbean Clean Energy dipped 3 cents to end at 61 US cents with investors swapping 102 stock units and Transjamaican Highway sank 0.09 of a cent to 2.01 US cents in an exchange of 454,099 shares.
In the preference segment, JMMB Group 5.75% skidded 30 cents to close at US$1.70 with 2,142 stocks changing hands and Productive Business Solutions 9.25% preference share fell 55 cents in closing at US$10.90 after an exchange of 16 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Omni almost back to IPO price
Omni Industries ended trading activity on the Junior Market of the Jamaica Stock Exchange on Thursday as the leading trade, as the demand for the stock pulled back resulting in the price closing just three cents above the $1 IPO price and helping in a 68 percent decline in the volume of stocks traded in the overall market with a 56 percent lower value than Wednesday and ending with trading in only 37 securities down from 40 on Wednesday with prices of 12 rising, 16 declining and nine closing unchanged.
The market closed with trading of 7,971,053 shares for $18,706,118 down from 25,008,612 units at $42,711,488 on Wednesday.
Trading averaged 215,434 shares at $505,571 down from 625,215 units at $1,067,787 on Wednesday, with trading month to date, averaging 224,156 units at $460,170 compared with 225,140 stock units at $455,048 on the previous day and May with an average of 451,257 units at $953,021.
Omni Industries led trading with 4.40 million shares for 55.2 percent of total volume followed by Dolla Financial with 692,171 units for 8.7 percent of the day’s trade and Fontana with 631,273 units for 7.9 percent market share.
At the close of trading, the Junior Market Index dipped 24.19 points to close at 3,688.69.
The Junior Market ended trading with an average PE Ratio of 12.4, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
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 of trading, Access Financial dropped 45 cents to finish the trading of 5 stock units at $19, Blue Power fell 14 cents and ended at $3.05 with an exchange of 93,376 shares, Caribbean Assurance Brokers advanced 17 cents to $3.77, with 49,623 units crossing the market. Consolidated Bakeries declined 15 cents to close at $2 after an exchange of 600 stocks, Dolphin Cove lost $2.30 in closing at $19.50 in trading 17,044 units, driving the dividend yield up to 12 percent, Express Catering popped 34 cents to end at $4.99, with 97,774 stocks crossing the exchange. Image Plus dipped 13 cents in closing at $1.75 in switching ownership of 131,498 shares, ISP Finance sank $3.65 to $20.75 after 75 stock units passed through the market, Jamaican Teas shed 19 cents to finish at $2.12 after 355,630 shares changed hands. 
JFP Ltd rallied 8 cents and ended at $1.18 after a transfer of 37,386 units, KLE Group increased 15 cents to end at $2.26 after trading 55 stocks, Knutsford Express climbed 66 cents to close at $11.31 with investors transferring 48 stock units. Limners and Bards rose 12 cents to $1.68, with 101 shares crossing the market, Omni Industries slipped 18 cents to end at $1.03 with traders dealing in 4,402,167 stocks after demand to buy the stock waned with selling pressure dominating, Paramount Trading gained 15 cents in closing at $1.30 with 8,228 units clearing the market. Regency Petroleum rose 10 cents to finish at $2.20 with a transfer of 4,475 stock units and Stationery and Office Supplies rallied 8 cents and ended at $1.65 as investors exchanged 20,100 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More money poured into the JSE Markets
More funds chased after stocks on the Jamaica Stock Exchange on Thursday as investors received far fewer shares for their money than the previous day, resulting in Main Market stocks pushing the market index higher at the close, with the Junior and the JSE USD markets closing moderately lower, resulting in prices of 26 shares rising and 32 declining.
At the close of trading, the JSE Combined Market Index climbed 1,158.09 points to 332,460.88, the All Jamaican Composite Index rallied 2,126.19 points to 356,728.99, the JSE Main Index jumped 1,388.74 points to 319,996.09. The Junior Market Index dipped 24.19 points to 3,688.69 and the JSE USD Market Index sank 0.15 points to cease trading at 219.86.
At the close of trading, 24,103,951 shares were exchanged in all three markets, down from 35,215,094 units on Wednesday, with the value of stocks traded on the Junior and Main markets amounted to $153 million, well over the $116.12 million on the previous trading day and the JSE USD market closed with an exchange of 456,359 shares for US$13,103 compared to 75,761 units at US$14,761 on Wednesday.
In Main Market activity, Transjamaican Highway led trading with 6.77 million shares followed by Carreras with 2.01 million units and Sagicor Select Financial Fund with 1.27 million stock units.
In Junior Market trading, Omni Industries led trading with 4.40 million shares followed by Dolla Financial with 692,171 units and Fontana with 631,273 stock units.
In the preference segment, Sygnus Credit Investments C10.5% slipped $16.86 and ended at $95.45
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.5 on 2023-24 earnings and 13.2 times those for 2024-25 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 within a sector and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Pertinent information is required 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.
The chart should be used in making rational decisions when investing in stocks close to the average for the sector, 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 for investors 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 of the highest bid and the lowest offer for each company.
Gains for Trinidad Exchange
Stocks ended on the Trinidad and Tobago Stock Exchange on Thursday, with trading in 20 securities similar to Wednesday and closed with prices of nine rising, eight declining and three ending firm after an 86 percent decline in the volume of stocks traded valued 80 percent lower than on Wednesday.
The market closed with trading of 58,851 shares for $974,667 down sharply from 418,912 stock units at $4,938,180 on Wednesday.
An average of 2,943 shares were traded at $48,733 down from 20,946 units at $246,909 on Wednesday, with trading month to date averaging 8,252 shares at $105,101 compared with 8,955 units at $112,567 on the previous day and an average for May of 15,629 shares at $129,694.
The Composite Index gained 7.59 points to finish at 1,130.19, the All T&T Index fell 1.72 points to conclude trading at 1,683.64, the SME Index remained unchanged at 86.99 and the Cross-Listed Index rose 2.46 points to wrap up trading at 75.30.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close of trading, Agostini’s slipped 1 cent to close at $68.24 in an exchange of 291 shares, Angostura Holdings rose 15 cents to $18.15, with 87 units crossing the market, Ansa McAl rallied 71 cents and ended at $63 in switching ownership of 316 shares. 
Ansa Merchant Bank popped 25 cents to finish at $42 after a transfer of 1,025 stock units, Calypso Macro Investment Fund ended at $23.05 after 1,000 shares passed through the market, First Citizens Group fell $1 to $42.25 with investors trading 696 stocks. FirstCaribbean International Bank lost 4 cents to close at $6.90 with 284 stock units clearing the market, GraceKennedy slipped 1 cent to $3.79 with investors dealing in just 5 units, Guardian Holdings rose 8 cents to $15.69 and closed with an exchange of 1,075 shares. JMMB Group increased 3 cents to $1.28, with 26,270 stock units changing hands, L.J. Williams B share skidded 1 cent to end at $1.86 in trading 8 stocks, Massy Holdings climbed 11 cents in closing at $4.16, with investors exchanging 9,479 units. 
National Enterprises fell 10 cents to $3.30 with investors swapping 1,105 stocks, National Flour Mills dropped 9 cents to close at $2.16 after an exchange of 800 stock units, NCB Financial gained 32 cents and ended at $3.10 after a transfer of 2,200 shares. Prestige Holdings remained at $13, with 120 stock units crossing the exchange, Republic Financial shed 96 cents in closing at $108.04 with traders dealing in 6,318 shares, Trinidad & Tobago NGL rose 7 cents to close at $7.42 in an exchange of 6,672 units. Trinidad Cement gained 2 cents to $2.59 with investors trading 1,000 stocks and West Indian Tobacco remained at $10 with an exchange of 100 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Omni loses altitude early
Trading in the shares of this week’s newly listed Omni Industries is frozen after 5,000 shares were traded at $1.05 at 12:44 PM after over 4.29 million shares were traded as high as a dollar $1.30.
The stock is scheduled to resume trading just before 1.45 PM. Bids on the stock have thinned out with 21 bids to purchase shares with the highest being 45,000 shares at $1.02 while the lowest offers are at $1.24 for 201,765 shares with 148 offers currently up to a high of $6 and 69 with offers at $1.41 and below. Bids and offers could change markedly when trading resumes, but the quick fall back in price since Tuesday is not a good sign for investors trying to get out with a decent profit in the short term.
The Junior Market Index slipped to 3,693.66 points from Wednesday’s close of 3,712.88 while the JSE Index rose from 318,607.35 to 320,281.27.
BOJ cd rate falls below 10%
Interest rate fell on Bank of Jamaica’s latest certificate of deposit offer to just 9.7 percent at an auction of $11 billion on Wednesday this week from over 10.02 percent at last week’s Wednesday regular offering, at $37 billion.
The auction attracted $33 billion from 361 applicants, with just 90 being successful. The highest bid clearing the auction was 9.98 percent. Following, the regular auction of last week, the Central Bank placed an unscheduled offer of $18 billion on the market on Thursday, attracting 245 bids for $28.46 billion, resulting in an average rate of 9.21 percent, with 140 bids being successful, with the highest successful rate being 9.74 percent.
At the close of this week’s auction, $129.5 billion in 30 days CD’s will be outstanding. This seems to be a continuation of the recent decline in CD rates that could be heralding a period of lower interest rates, following two years with rates being at an elevated level since the second half of 2022.
Jamaica has had four straight months of high levels of deflation that seem set to continue into May and probably beyond and would demand a lowering of interest rates sooner rather than later.
Traded value jumps on JSE USD Market
The value of stocks trading jumped sharply on the Jamaica Stock Exchange US dollar market on Wednesday, with the volume exchanged remaining depressed, down 15 percent from Tuesday with a 375 percent greater value, resulting from trading in four securities, up from three on Tuesday with prices of one rising and three declining.
The market closed with an exchange of 75,761 shares for US$14,761 compared to 89,247 units at US$3,105 on Tuesday.
Trading averaged 18,940 units at US$3,690 compared with 29,749 shares at US$1,035 on Tuesday, with a month to date average of 43,272 shares at US$2,898 compared with 45,143 units at US$2,837 on the previous day in comparison to May that ended with an average of 32,077 units for US$3,201.
The US Denominated Equities Index skidded 0.09 points to end at 220.01.
The PE Ratio, a measure used in computing appropriate stock values, averages nine. 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 three with lower offers.
At the close, First Rock Real Estate USD share slipped 0.65 of one cent to end at 4.09 US cents with traders dealing in 1,490 units, Proven Investments fell 0.08 of a cent to 13 US cents with 8,854 stocks clearing the market and Transjamaican Highway rallied 0.08 of a cent to 2.1 US cents after investors ended trading 55,561 shares.
In the preference segment, JMMB Group US8.5% preference share declined 2 cents to finish at US$1.26 following 9,856 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
NCB Group stock sinks $6
Following the lacklustre and ill-advised public stock offer by NCB Group, investors pushed the stock down by nearly $6 at the close after the price hit a low of $56 in trading on the Jamaica Stock Exchange Main Market on Wednesday, with the volume of stocks traded holding steady with Tuesday with a 19 percent lower the value, after trading in 57 securities down from 62 on Tuesday, with prices of 18 rising, 20 declining and 19 ending unchanged.
The market closed with trading on Wednesday with an exchange of 10,130,721 shares with a value of 73,404,2e91 compared to 10,229,698 units at $90,771,121 on Tuesday.
Trading averaged 177,732 shares at $1,287,795 compared to 164,995 units at $1,464,050 on Tuesday and for the month to date, an average of 249,583 units at $1,410,367 compared with 259,451 stocks at $1,427,202 on the prior day and May with an average of 336,947 units at $2,177,110.
Sagicor Select Financial Fund led trading with 2.13 million shares for 21 percent of the volume followed by Transjamaican Highway with 1.78 million units for 17.6 percent of the day’s trade, Wigton Windfarm with 1.27 million stocks for 12.5 percent of market share and Sygnus Credit Investments with 1.03 million units for 10.2 percent of total volume.
The All Jamaican Composite Index fell 1,772.18 points to conclude trading at 354,602.80, the JSE Main Index lost 9.30 points to finish at 318,607.35 and the JSE Financial Index sank 0.30 points to end the day at 66.93.
The Main Market ended trading with an average PE Ratio of 14. 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 2025.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Eppley fell $1.95 in closing at $37 after 391 shares passed through the market, GraceKennedy skidded 53 cents to end at $75.97, with 125,518 stocks crossing the exchange, Jamaica Broilers popped 80 cents to end at $33.80 with investors swapping 429,963 shares. JMMB Group rallied 41 cents to finish at $24.51 after an exchange of 17,095 stock units, Margaritaville rose 30 cents to close at $14.80 with just one share clearing the market, Massy Holdings climbed $6 to end at $94 with investors trading 294 stocks. 
NCB Financial sank $5.48 to a 52 weeks’ low of $57.50 in switching ownership of 282,055 units, Pan Jamaica gained $2.70 to close at $49.50 with investors trading 7,417 stocks, Proven Investments rallied 82 cents to $20, with 8,677 shares changing hands. Sagicor Group advanced 48 cents to $40.38 as investors exchanged 3,019 stocks, Scotia Group dropped $1.52 to end at $43.46 after a transfer of 23,828 units, Sygnus Credit Investments popped 44 cents to finish at $11 with investors dealing in 1,031,281 stock units and Sygnus Real Estate Finance shed 30 cents to $10.70 with a transfer of 11,299 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
