Stocks pulled back in trading on the Jamaica Stock Exchange US dollar market on Monday, with a 59 percent fall in the volume of stocks exchanged valued at 104 percent more than on Friday, resulting in trading in eight securities as was the case on Friday and ended with prices of one rising, four declining and three ending unchanged.
The market closed with an exchange of 110,971 shares for US$24,393 compared to 267,704 units at US$11,973 on Friday.
Trading averaged 13,871 units at US$3,049 versus 33,463 shares at US$1,497 on Friday, compared with May with an average of 32,077 units for US$3,201.
The US Denominated Equities Index slipped 8.50 points to wrap up trading at 230.85.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.4. 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 two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, MPC Caribbean Clean Energy ended at 61 US cents as investors exchanged 199 stock units, Productive Business Solutions sank 20 cents to US$1.50, with 274 shares crossing the market, Proven Investments shed 0.09 of a cent to 12.99 US cents after an exchange of 51,853 units. Sterling Investments ended at 1.6 US cents with investors swapping 31,900 stocks, Sygnus Credit Investments declined 0.54 of one cent to close at 8.71 US cents in trading 9,999 shares and Transjamaican Highway fell 0.01 of a cent to end at 2.03 US cents with investors trading 11,068 stock units.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.28, with 4,764 units crossing the exchange and Sygnus Credit Investments E8.5% rose 27 cents to close at US$10.30 in trading 914 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks mostly fell on the JSE USD market
Falling stocks pull down Trinidad market
After closing on the last two days of May the Trinidad and Tobago Stock Exchange opened on Monday, with falling stocks edging out those rising at the close of trading, with the volume of stocks traded rising 43 percent valued 37 percent more than on Wednesday with trading in 22 securities trading up from 18 on Wednesday and ending with prices of seven stocks rising, nine declining and six remaining firm.
The market closed with trading of 139,847 shares at $1,423,656 up from 97,769 stock units at $1,040,061 on Wednesday.
An average of 6,357 shares were traded at $64,712 up from 5,432 units for $57,781 on Wednesday and an average for May of 15,629 shares at $129,694.
The Composite Index slipped 2.25 points to cease trading at 1,134.88, the All T&T Index fell 5.17 points to end the day at 1,713.32, the SME Index advanced 8.09 points to finish at 86.99 and the Cross-Listed Index gained 0.12 points to conclude trading at 72.20.
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, Agostini’s remained at $68.78 with 715 stock units crossing the market, Angostura Holdings rallied 25 cents and ended at $18.50 with traders dealing in 314 shares, Ansa McAl rose 75 cents to $60 and closed after an exchange of 788 stocks. Ansa Merchant Bank dipped 99 cents to $41.51 in trading 100 units, Endeavour Holdings climbed $1.70 in closing at $16.70 after investors traded 2,256 shares, First Citizens Group sank 50 cents to $44.25 with 2,583 stock units passing through the market. FirstCaribbean International Bank slipped 43 cents to $6.50 in switching owners of 8,075 units, GraceKennedy popped 13 cents to finish at $3.88, with 1,000 stocks crossing the exchange, Guardian Holdings fell $1.40 and ended at a 52 weeks’ low of $15.50 with investors dealing in 12,721 units. Guardian Media ended at $1.80 after an exchange of 10 stocks, JMMB Group gained 6 cents in closing at $1.28 with a transfer of 10 shares, Massy Holdings ended at $4.18 with investors swapping 46,353 stock units. National Enterprises remained at $3.65 in an exchange of 23,599 shares, National Flour Mills ended at $2.25 with 750 stock units crossing the market, One Caribbean Media declined 28 cents in closing at $3.40 as investors exchanged 5,936 stocks. Prestige Holdings shed 25 cents and ended at $12.75 after investors traded 90 units, Republic Financial remained at $116 after a transfer of 1,556 stocks, Scotiabank increased 50 cents to finish at $66 after 2,447 units passed through the market. Trinidad & Tobago NGL dropped 80 cents and ended at a 52 weeks’ low of $6.80 with an exchange of 16,946 shares, Trinidad Cement popped 1 cent to $2.57 with 497 stock units changing hands, Unilever Caribbean lost 36 cents to finish at $11.55 with investors trading 3,469 shares and West Indian Tobacco skidded 15 cents to end at $10.10 in an exchange of 9,632 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading picks up on Trinidad Stock Exchange
Stocks ended with an equal number of prices gaining as losing on the Trinidad and Tobago Stock Exchange on Friday, following with 119 percent rise in the volume of stocks traded valued 118 percent more than on Thursday and resulting in 19 securities trading compared with 18 on Thursday and ending with prices of seven stocks rising, seven declining and five ending firm.
Trading closed on Friday with 1,022,312 shares changing hands for $4,881,669 compared with 467,563 stocks at $2,243,608 on Thursday.
An average of 53,806 shares were traded at $256,930 compared with 25,976 stock units at $124,645 on Thursday, with trading month to date averaging 21,741 shares at $142,770 compared to 20,053 stock units at $136,761 on the previous day and an average for July of 12,380 shares at $139,960.
The Composite Index advanced 1.76 points to settle at 1,060.55, the All T&T Index gained 4.21 points to close trading at 1,595.38, the SME Index remained at 78.26 and the Cross-Listed Index fell 0.12 points to finish at 68.34.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Agostini’s popped $2.50 to end at $68 and closed after an exchange of 726 stocks, Angostura Holdings ended at $17.75 with investors swapping 100 units, Ansa McAl sank 50 cents to finish at $63 with a transfer of 2,712 shares. Ansa Merchant Bank declined 50 cents and ended at $41 after an exchange of 4 stock units, Calypso Macro Investment Fund fell 40 cents in closing at $23.60 with investors dealing in 1,653 shares, First Citizens Group dipped 30 cents to close at $44.50 in an exchange of 21,308 stock units. GraceKennedy gained 12 cents to $3.53 with traders dealing in 140,217 stocks, JMMB Group rose 10 cents to end at $1.10 after a transfer of 45 stock units, Massy Holdings ended at $3.50 with investors trading 814,734 shares. National Enterprises remained at $3.07 with an exchange of 3,266 stocks, National Flour Mills lost 20 cents to finish at $1.60 with 5,631 units crossing the market, One Caribbean Media climbed 43 cents and ended at $3.53 in an exchange of 336 stock units. Prestige Holdings dropped 15 cents to $10.10 after 758 shares passed through the market, Republic Financial increased 25 cents in closing at $112.25, with 1,407 stock units crossing the exchange, Scotiabank rallied $1 to finish at $56 in switching ownership of 593 stocks. Trinidad & Tobago NGL advanced 20 cents and ended at $5.15 after an exchange of 21,458 units, Trinidad Cement shed 3 cents to end at $2.50 after the trading of 2,199 shares, Unilever Caribbean ended at $11.76, with 200 units changing hands and West Indian Tobacco ended at $6.50 with investors trading 4,965 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
428% dividend hike jolts stock price
Caribbean Assurance Brokers announced a 428 percent jump in dividends to 14.11 cents from just 2.67 cents paid last year. This year’s dividend is payable on September 16, with an ex-dividend date of August 15 and the announcement pushed the stock up 22 percent in a day and 73 percent for the year to date.
The dividend yields 4.8 percent based on Thursday’s closing price of $3.15 and four percent based on Friday’s closing of $3.83, almost twice the junior Market average of 2 percent.
The increase follows a jump in profits for 2023 to $123 million or 47 cents per share after a charge of $17 million or 6.5 cents per share for doubtful debt which was reversed in the first quarter to March this year with a profit of just $3 million after the credit impairment loss was revered and compares with a profit of $17 million in 2023. Net profit for 2022 was $78 million or 30 cents per share.
Also announcing dividend payment is Salada Foods with an interim dividend of 6.4 cents per stock unit, payable on July 4, 2024, with an ex-dividend date is June 14.
Stocks slipped on JSE USD Market
The Jamaica Stock Exchange US dollar market slipped moderately on Friday, following a 143 percent rise in the volume of stocks that changed hands, with a 52 percent lower value compared with Thursday, resulting in trading in eight securities, compared to six on Thursday with prices of two rising, two declining and four ending unchanged.
The market closed with an exchange of 267,704 shares for US$11,973 compared to 110,239 units at US$24,984 on Thursday.
Trading averaged 33,463 units at US$1,497 versus 18,373 shares at US$4,164 on Thursday, with a month to date average of 32,077 shares at US$3,201 compared with 31,998 units at US$3,297 on the previous day and April that ended with an average of 35,401 units for US$2,453.
The US Denominated Equities Index lost 2.18 points to conclude trading at 239.35.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.6. 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 two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Margaritaville ended at 10.01 US cents with 8 shares crossing the market, Productive Business Solutions remained at US$1.70 in trading 23 stocks, Proven Investments popped 0.01 of a cent to 13.08 US cents, with 4,654 shares crossing the exchange. Sterling Investments rose 0.09 of a cent to close at 1.6 US cents with investors transferring 328 stock units, Sygnus Real Estate Finance USD share ended trading at 8.8 US cents with an exchange of 5,500 shares and Transjamaican Highway declined by 0.06 of a cent in closing at 2.04 US cents with an exchange of 256,571 units.
In the preference segment, JMMB Group US8.5% preference share remained at US$1.28 with 71 stocks clearing the market and Sygnus Credit Investments E8.5% shed 36 cents to end at US$10.03 with traders dealing in 549 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.