QWI Investments took 36% of trades

QWI Investments led trading with 36 percent of total volume for 5.21 million shares and traded as high as $1.09, following the posting of half year results showing a major about turn in the profit from a big loss of $576 million last year to a profit of $171 million for the half year, but the stock closed the day at $1 with a miniscule rise after 14,404,463 shares traded for $119,739,515 compared to 13,252,508 units at $91,030,300 on Tuesday.
In the private bond market, Guardian Holdings 2025 Bond traded 104,000 units at $101.28 each.
Guardian Holdings was relisted on the Main market of the Exchange but did not trade but closed with the bid at $669.52, well above the JS$586 it is listed at in Trinidad.
The market recorded more gains at the close on Wednesday after an exchange of 9 percent more shares with a 32 percent higher value than on Tuesday, leading the All Jamaican Composite Index to advance 985.41 points to 445,922.36, the Main Index rose 816.03 points to 405,873.26 and the JSE Financial Index gained 0.11 points to settle at 99.45.
A total of 50 securities traded compared to 48 on Tuesday, with prices of 17 stocks rising, 20 declining and 13 remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.2.
Wigton Windfarm was the second major trading stock with 11.5 percent for 1.65 million units, Mayberry Investments followed with 10.6 percent for 1.52 million units, Transjamaican Highway controlled 8.2 percent, with 1.18 million units and Sagicor Select Financial Fund ended with 7.9 percent after 1.14 million units change hands.
Trading averaged 288,089 units at $2,394,790, compared to an average of 276,094 shares at $1,896,465 on Tuesday. Month to date trading averages 434,530 units at $5,986,780, in contrast to 512,262 units at $7,972,309 on Tuesday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator reading has fifteen stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement declined $2 to $88 with 41,807 shares changing hands, Carreras gained 54 cents in closing at $9.69 after switching ownership of 33,186 shares, Eppley Caribbean Property Fund rose 76 cents to $40.76 with the transfer of 920 units. Grace Kennedy rose 50 cents to $88.50 in an exchange of 59,837 shares, Jamaica Broilers lost 20 cents to close at $30.80 in trading 9,151 stocks. Jamaica Producers shed $2.50 to end at $27.50 after clearing the market with 265,026 units, Mayberry Investments rose 95 cents to close at $6.20 with 1,522,489 shares changing hands. Mayberry Jamaican Equities ended 70 cents higher at $7.90 with the swapping of 2,700 stocks, NCB Financial slipped 50 cents to close at $138.50 after exchanging 70,300 shares, PanJam Investment advanced $1.25 to $62.25 with 23,397 stocks changing hands. Proven Investments shed 98 cents to close at $37.02 after exchanging 40,040 shares, Salada Foods gained 48 cents to end at a 52 weeks’ high of $9.98 in switching ownership of 352,739 stock units. Scotia Group picked up 20 cents in closing at $42 after clearing the market with 670,305 shares, Seprod fell $2 to $78 in transferring 340,678 stock units, Supreme Ventures shed 45 cents to close at $17.50 in an exchange of 67,054 stocks.
In the preference segment, Eppley 7.50% preference shares rose $2.16 to $9.35 with an exchange of just one share.

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

Volume picks up on TTSE on Wednesday

Market activity ended on Wednesday, with the market rising after investors traded 135 percent shares carrying a value that was 187 greater than on Tuesday, resulting in slightly more stocks falling than rising at the close of trading on the Trinidad and Tobago Stock Exchange.
Trading took place in 14 securities compared to 13 on Tuesday, with prices of three stocks rising, four declining and seven remaining unchanged. The Composite Index advanced 1.70 points to 1,332.91, the All T&T Index rose 4.77 points to end at 1,788.21, and The Cross-Listed Index lost 0.22 points to settle at 118.52.
At the close, 225,060 shares traded, for $4,538,675, up from 95,789 units at $1,583,782 on Tuesday.
An average of 16,076 units traded for the day at $324,191 compared to 7,368 at $121,829 on Tuesday. An average of 13,135 units traded at $206,107 for the month to date versus 11,664 units at $147,064. The average trade for April amounted to 11,472 units at $184,959.
The Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two with lower offers.
At the close, Agostini’s remained at $24.40 after exchanging 18 shares, Angostura Holdings traded 2,939 shares and remained at $15.50, Ansa Mcal exchanged 5,236 stock units at $56.75, Clico Investment Fund remained at $25.15 in an exchange of 37,690 stocks. First Citizens Bank fell 5 cents to $46.45, with 265 units changing hands, FirstCaribbean International Bank settled at $6.50 after trading 19,625 stock units, Grace Kennedy gained 10 cents in ending at $5, with 6,550 shares crossing the exchange. Guardian Holdings increased 49 cents to $26 with the swapping of 47,133 stocks, Massy Holdings climbed $1.03 to $65 trading 12,727 shares, National Flour Mills stayed at $2.40 in exchanging 5,340 stocks. NCB Financial Group fell 7 cents to $8.20 after trading 57,493 stock units, Republic Financial Holdings fell 48 cents to $132.52 in switching ownership of 1,114 shares, Trinidad & Tobago NGL lost 2 cents to close at $13.47 after exchanging 21,273 stock units and Unilever Caribbean closed at $16.33 trading 7,657 shares,

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

Major rebound for Main Market

Trading activities returned to more normal levels on Tuesday, with the market rebounding from a massive 12,000 plus points drop of the All Jamaican Composite Index on Monday. The market closed on Tuesday, with more stocks rising than declining, but with a 65 percent drop in volume after 87 percent less funds chased stocks than on Monday on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index climbed 9,180.51 points to 444,936.95 after the index rose to a high in the morning session to 449,375.45. The Main Index advanced 8,254.00 points to 405,057.23 and the JSE Financial Index rose 1.11 points to settle at 99.34.
Trading ended with 48 securities compared to 52 on Monday and closed with prices of 20 stocks rising, 18 declining and 10 remaining unchanged as two stocks closed at 52 weeks’ high and one at a 52 weeks’ low. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.4.
The market closed with 13,252,508 shares trading for $91,030,300 compared to 37,973,727 units at $706,200,616 on Monday. Wigton Windfarm led trading with 26 percent of total volume for an exchange of 3.44 million shares, followed by Transjamaican Highway with 19.74 percent for 2.62 million units and Radio Jamaica 10.8 percent, with 1.43 million units.
Trading averaged 276,094 units at $1,896,465, compared to 730,264 shares at $13,580,781 on Monday. Month to date trading averages 512,262 units at $7,972,309. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator reading has 11 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints shed 80 cents to close at $12.70, trading 16,246 shares. Caribbean Cement advanced $3 to end at $90 with 66,131 stock units changing hands, Eppley gained 24 cents in ending at $34.74 with the transfer of 8,667 units, Eppley Caribbean Property Fund closed 74 cents lower at $40 after crossing the market with 14,250 stock units. First Rock Capital declined $1.09 to $17.50 trading 9,372 units, Jamaica Producers advanced $3 to a 52 weeks’ high of $30 after exchanging 63,913 shares, Jamaica Stock Exchange gained 26 cents in closing at $17.31 with the swapping of 1,615 stock units. JMMB Group shed 90 cents to settle at $31.90 in switching ownership of 86,169 shares, Margaritaville declined $2.99 to a 52 weeks’ low of $17.01 with the transfer of 3,101 units. Mayberry Investments lost 65 cents to end at $5.25 in an exchange of 96,817 stocks, Mayberry Jamaican Equities fell $1.79 to close at $7.20 after crossing the market with 52,300 shares, NCB Financial rose $1 to $139 with an exchange of 26,195 units. Palace Amusement climbed $49.50 to $900 with 252 stocks changing hands, PanJam Investment fell $3 in closing at $61 in trading 133,113 shares, Sagicor Group rose $1.01 to end at $48.51 after exchanging 47,529 stocks, Salada Foods continues its relentless rise, with a gain of 35 cents in ending at 52 weeks’ high of $9.50 in an exchange of 270,188 shares. Scotia Group advanced $2.30 to $41.80 with the transfer of 224,092 stocks, Seprod gained 55 cents to close at $80 in switching ownership of 24,938 shares, Stanley Motta ended 50 cents higher at $6 trading 4,665 stocks. Supreme Ventures picked up 48 cents to finish at $17.95 in swapping 721,683 shares and Wisynco Group lost 40 cents to end at $15.35 with 272,429 units changing hands.

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

Moderate movements for TTSE stocks

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Market activity ended on Tuesday, with the market ending moderate changes to the indices after the trading of 58.5 percent fewer shares worth 37 percent less than on Monday, as more stocks rose than declined at the close of the Trinidad and Tobago Stock Exchange.
Trading took place in 13 securities, down from 15 on Monday, with prices of four rising, three declining and six remaining unchanged. The Composite Index slipped 0.12 points to 1,331.21, the All T&T Index rose 1.38 points to 1,783.44 and the Cross-Listed Index shed 0.24 points to end at 118.74.
At the close, 95,789 shares traded, for $1,583,782 compared to 230,810 units at $2,534,018 on Monday.
An average of 7,368 units traded at $121,829 compared to 15,387 at $168,935 on Monday. An average of 11,664 units traded at $147,075 for the month to date. The average trade for April amounted to 11,472 units at $184,959.
The Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and three with lower offers.
At the close, Agostini’s traded 27,820 shares at $24.40, Angostura Holdings rose 1 cent to $15.50 in switching ownership of 59 units, Calypso Macro Investment Fund climbed 3 cents to $14.30, with 600 stocks crossing the exchange, First Citizens Bank settled at $46.50 while exchanging 5,168 stock units. Grace Kennedy ended at $4.90 in trading 1,571 shares, Guardian Holdings lost 4 cents to close at $25.51 in an exchange of 452 units, JMMB Group ended at $1.80 with the swapping of 7,000 stock units. Massy Holdings closed at $63.97 trading 655 stocks, NCB Financial Group fell 23 cents to $8.27 in an exchange of 43,140 units, One Caribbean Media remained at $4.50 with the swapping of 273 shares. Republic Financial Holdings increased 48 cents in closing at $133, with 230 units clearing the market, Trinidad & Tobago NGL shed 1 cent to $13.49, with 5,027 stock units changing hands and West Indian Tobacco advanced 2 cents to end at $32.98 in switching ownership of 3,794 shares.

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

16,632 points drop in JSE All Jamaica Index

Stocks suffered more than a 16,600 points swing in trading on Monday after the Main Market stocks jumped 4,268 points to a multi-month high of 452,388.58 after 14 minutes of the markets opening as the All Jamaican Composite Index plunged 12,364.61 points from Friday’s close to close at 435,756.44 on the Jamaica Stock Exchange Main Market.
The JSE Main Index dropped 11,219.79 points to 396,803.23 and the JSE Financial Index declined 2.16 points to t 98.23.
Trading ended with 52 securities from 53 on Friday and closed with 17 stocks rising, 21 declining and 14 remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.5.
Trading ended with the volume rising 124 percent with the value being 399 percent higher than on Friday.
The market closed with 37,973,727 shares trading for $706,200,616 compared to 16,976,414 units at $141,423,527 on Friday. Sagicor Select Financial Fund led trading with 33 percent of total volume after trading 12.54 million shares followed by Wigton Windfarm 16.9 percent with 6.40 million units, Caribbean Cement with 9.3 percent, with 3.52 million units. Sagicor Select Manufacturing & Distribution Fund accounted for 8.5 percent for an exchange of 3.24 million units, Sagicor Group with 4.9 percent for 1.86 million units, Carreras with 4.6 percent for 1.74 million units, Scotia Group with 3.4 percent market share for 1.28 million units, QWI Investments with 3 percent for 1.14 million units, Transjamaican Highway with 2.7 percent for 1.02 million units and Grace Kennedy with 2.7 percent for 1.01 million units changing hands.
Trading averaged 730,264 units at $13,580,781, compared to an average of 320,310 shares at $2,668,368 on Friday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator reading has five stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement slipped $1 to $87 with an exchange of 3,518,333 shares, Carreras lost 80 cents to close at $9.15 with the swapping of 1,740,765 stock units, Eppley declined 20 cents to settle at $34.50 trading 1,453 units, First Rock Capital advanced $1.14 to $18.59 with 65,455 stocks changing hands. Jamaica Broilers rose $2.49 to close at $30.99 with investors switching ownership of 778,063 stock units, Jamaica Producers fell $1 to close at $27 in the transfer of 5,547 units, Jamaica Stock Exchange shed 90 cents in closing at $17.05, with 10,542 stocks clearing the market, Margaritaville declined $1 ending at 52 weeks’ low of $20 with 4,005 units changing hands, Mayberry Investments gained 54 cents to close at $5.90 in transferring 579,433 stocks. Mayberry Jamaican Equities finished $1.04 higher at $8.99 in an exchange of 74,861 shares, NCB Financial fell $1 to $138 with an exchange of 941,639 stocks, Palace Amusement dropped $29.50 to $850.50 in switching ownership of 303 stock units. Portland JSX ended $2.64 lower at $7.11 with the transfer of 9,000 shares, Proven Investments rose 23 cents to $38 in the swapping of 16,207 units, Sagicor Group slid $5 in closing at $47.50 with 1,858,449 shares crossing the market. Salada Foods gained $1.74 in ending at a record close of $9.15 in an exchange of 128,211 stock units, Scotia Group shed $2.50 to close at $39.50 in trading 1,279,986 shares. Seprod fell 55 cents to end at $79.45 after 50,221 stock units cleared the market and Stanley Motta lost 40 cents to close at $5.50 with an exchange of 50,000 shares.
In the preference segment, Eppley 7.5% preference share rose 94 cents to end at 52 weeks’ high of $7.19 with 967 shares changing hands, Eppley 8.25% closed 90 cents higher at $7 with 4,059 stock units crossing the market and JMMB Group 7.15% – 2028 gained 30 cents ending at $3 with 100 stock units clearing the market.

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

TTSE starts May with mixed fortunes

Market activity ended on Monday, with the market closing mixed trading 55 percent more shares with a value that was 24 percent less than on Friday, resulting in more falling stocks just edging out those that rose on the Trinidad and Tobago Stock Exchange.
Just 15 securities changing hands compared to 17 on Friday, with three rising, five declining and seven remaining unchanged. The Composite Index fell 0.57 points to 1,331.33, the All T&T Index gained 0.31 points to end at 1,782.06 and the Cross-Listed Index shed 0.21 points to close at 118.98.
At the close, 230,810 shares traded for $2,534,018 compared to 148,870 units at $3,321,551 on Friday.
An average of 15,387 units traded at $168,935 compared to 8,757 at $195,385 on Friday. The average trade for April amounted to 11,472 units at $184,959.
The Investor’s Choice bid-offer indicator shows no stock ended with the bid that is higher than the last selling price and three with lower offers.
At the close, Agostini’s rose 15 cents to $24.40, with 12,100 shares changing hands, Clico Investment Fund closed at $25.15 after exchanging 664 units. First Citizens Bank ended at $46.50 trading 11,476 stock units, FirstCaribbean International Bank settled at $6.50, with 1,000 shares clearing the market. Grace Kennedy dropped 1 cent to close at $4.90 trading 3,000 shares, Guardian Holdings lost 6 cents in closing at $25.55 with the swapping of 3,185 stock units, JMMB Group rose 1 cent to $1.80 after an exchange of 60,658 units. Massy Holdings lost 2 cents to end at $63.97 trading 3,000 stocks, National Flour Mills advanced 5 cents in ending at $2.40 in trading 108,623 stock units, One Caribbean Media remained at $4.50 with the swapping of 1,600 stocks. Republic Financial Holdings fell 46 cents in closing at $132.52, with 4,800 shares crossing the market, Scotiabank ended at $54.65 in switching 1,232 units, Trinidad & Tobago NGL remained at $13.50 trading 9,023 stocks. Unilever Caribbean remained at $16.33 after exchanging 9,100 shares and West Indian Tobacco fell 2 cents to close at $32.96, with 1,349 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JamTeas gains 111% to top ICTOP10 picks

Six Main Market ICTOP15 stocks raked between 23 and 37 percent year to date and seven of the Junior Market picks produced gains from 22 percent to 111 percent for the first four months of 2021.

Jamaican Teas stock price is up 1115 for 2021 and up 234% in just under a year.

The only top performing Main Market stocks for the period not captured by the TOP15 are Ciboney, up a stunning 121 percent at 53 cents, even after the price move up to just over $2 earlier this year, followed by Salada Foods with an incredible rise of 147 percent, Eppley Property Fund with an increase of 46 percent and Proven Investments gaining 28 percent.
The top performing Junior Market stocks to date that were not in the ICTOP15 are Fosrich with a gain of 86 percent, Blue Power 56 percent, Express Catering up 29 percent, Caribbean Flavours at 33 percent and Lasco Manufacturing with a 35 percent increase.
The highlight of the stock market this past week was the 216 percent surge in Carib Cement’s profit, from record revenues that jumped 31 percent for the 2020 first quarter. As expected, the stock jumped to a 52 weeks’ high of $95.50. The company was one of ICTOP 15 listings at the start of the year and is up 40 percent so far and still has much more gains ahead of it. The other notable development is the Main Market recording of gains for 14 days unbroken.
Other stocks in the TOP15 list that have gone on to do well are Carreras up 37 percent, Grace Kennedy with a rise of 35 percent, Jamaica Producers up 33 percent, QWI Investments up 25 and Seprod 23 percent in the Main Market. In the Junior Market, the winners are Caribbean Cream with a gain of 34 percent, Caribbean Producers up 41 percent, Stationery and Office Supplies with a gain of 25 percent. Now out of the top listings are Jamaican Teas with a 111 percent gain for the year to date, Lumber Depot up 88 percent, Lasco Distributors with a rise of 22 percent and MailPac up 25 percent. Future Energy Source that was added to ICTOP 10 earlier this year has a gain of 28 percent, but much more is expected for these stocks in the rest of the year.
There are no changes to companies on the ICTOP10 listings this week. The bullish tone of the Junior Market and the Main Market continues, with more gains expected in the coming week supported by strong technical signals and fundamentals of stocks and the overall market.
Watch these stocks over the next few weeks, Barita Investments, Caribbean Cement, Grace Kennedy, Jamaica Producers, PanJam Investment and Sagior Group, MailPac, Access Financial, Lasco Financial, Lasco Distributors, Caribbean Cream, ISP Financial.
The top three stocks in the Junior Market are headed by Elite Diagnostic, followed by Main Event and Medical Disposables, with the potential to gain between 261 to 293 percent. The top three Main Market stocks are Radio Jamaica in the number one spot, followed by PanJam Investment and Jamaica Broilers, with expected gains of 181 to 410 percent.
This week’s focus: Fosrich reported a 22 percent rise in revenues to $549 million, up from $449 million in the prior year with gross profit rising 13 percent to $192 million, from $170 million in 2020 with net profit surging 697 percent to $38.4 million, from only $4.8 million in the 2020 first quarter. Earnings per share jumped to 8 cents from one cent in 2020. Administrative expenses fell slightly to $144 million, from $146 million in 2020 and finance cost slipped to $24.8 million compared to $26.2 million in the 2020 quarter.
The targeted PE ratio for the market averages 20 based on profits of companies reporting full year’s results, up to the second quarter of 2022. Fiscal 2020-21 ended March 2021 with the average PE at 17 for Junior Stocks and 19 times for the Main Market. With interest rates on government paper below 5 percent and likely to remain there for a few years, the likelihood is for the average PE ratios to climb higher during the next twelve months.
The Junior Market, with an average PE 13 based on ICInsider.com’s 2021-22 earnings, is currently trading well below the target, as well as the recent historical average of 17; this represents another 31 percent rise in the market that would equate to a rise of 50 percent to March 2022. The Junior Market Top 10 stocks average a mere 5.8 at just 44 percent of the market average, indicating substantial gains ahead. The JSE Main Market ended the week with an overall PE of 16.5, some distance from the 19 the market ended March, suggesting a 20 percent rise from now to March 2022. The Main Market TOP 10 trades at a PE of 7.7 or 46 percent of the PE of that market and well off the potential of 20.
The average projected gain for the Junior Market IC TOP 10 stocks is 248 percent and 175 percent for the JSE Main Market, based on 2021-22 earnings. IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase 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 result in movements in and out of the lists weekly. 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.

JSE Main Market at 14 and a half months’ high

Stocks trading started out with spirited early movements on Friday taking the market up by 2,978 points at 8 minutes into the trading session to sit just below the mid-March close, but the market slipped thereafter, with All Jamaican Composite Index hanging to 1,524.26 points to settle at 448,121.05, the JSE Main Index rose up by 1,331.40 points at 408,023.02 and the JSE Financial Index climbed 0.47 points to settle at 100.39, with the majority of price movements ending in favour of falling stocks.
Trading ended with 53 securities compared to 45 on Thursday and ended with 13 rising, 22 declining and 18 remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.5.
Trading ended with an exchange of 82 percent more shares valued 77 percent higher than on Thursday as 16,976,414 shares for $141,423,527 compared to 9,318,055 units at $79,985,841 on Thursday. JMMB Group 7.5% preference share led trading with 40.6 percent of total volume for an exchange of 6.88 million shares followed by Wigton Windfarm with 14.8 percent for 2.5 million units, Jamaica Broilers 10.8 percent, with 1.83 million units and Transjamaican Highway with 6.1 percent for 1.04 million units changing hands.
Trading averaged 320,310 units at $2,668,368, compared to an average of 207,068 shares at $1,777,463 on Thursday. Month to date trading averages 234,200 units at $1,772, 561, in contrast to 229,207 units at $1,720,616 on Thursday. March averaged 354,304 units at $2,543,232.
Investor’s Choice bid-offer indicator reading has seven stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement fell $1.25 in closing at $88 with 91,088 shares changing hands, Carreras gained 36 cents to end at $9.95 after clearing the market with 257,861 units. Eppley Caribbean Property Fund dipped 26 cents to end at $40.74 with 1,691 stocks crossing the market. First Rock Capital advanced $1.55 to $17.45 in an exchange of 122,961 units, Jamaica Broilers declined $2.50 to $28.50 with the swapping of 1,830,085 shares, Jamaica Producers shed 45 cents to close at $28 after 8,381 stock units crossed the exchange. Jamaica Stock Exchange lost 20 cents to finish at $17.95 in trading 40,396 shares, Key Insurance closed 33 cents lower at $5.61 with 248,172 units changing hands, Kingston Properties rose $1.12 to end at $8.57 in clearing the market with 1,743 stocks. Margaritaville declined $1.10 to settle at a 52 weeks’ low of $21 in the transfer of 15,002 units, Mayberry Jamaican Equities gained 40 cents to close at $7.95 in exchanging 17,902 shares. NCB Financial Group fell $1 to $139 with the swapping of 63,842 units, Palace Amusement dropped $70 to close at $880 in trading 5 shares, Pan Jam Investment shed $1 to end at $64 in switching ownership of 9,466 units. Proven Investments closed 23 cents lower at $37.77 in an exchange of 6,043 shares, Sagicor Group advanced $2.50 to $52.50 with 139,229 units changing hands. Salada Foods ended 41 cents higher at a 52 weeks’ high of $7.41 in an exchange of 137,535 shares, Stanley Motta shed 50 cents to close at $5.90, with 19,000 stocks crossing the exchange, Supreme Ventures closed 52 cents lower at $17.47 with a transfer of 419,230 shares, Victoria Mutual Investments fell 58 cents to finish at $6.82 in exchanging 233,240 units.
In the preference segment, Productive Business Solutions 9.75% preference share dropped 99 cents to close at $109.51 in switching ownership of 99 stocks.

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

JSE Main Market nearing 14 months’ high

In a continuation of a recent bullish trend, stocks traded higher at the close on Thursday to end at the highest level since March 13 last year, when the All Jamaican Composite Index closed at 456,961.91 on the Jamaica Stock Exchange Main Market.
Traded ended with almost twice the number of stocks rising than declining, after 28 percent fewer shares with a 71 percent loss in value traded compared to Wednesday.
The All Jamaican Composite Index climbed 2,228.06 points to 446,596.79, the JSE Main Index advanced 1,926.50 points to 406,691.62 and the JSE Financial Index lost 0.45 points to settle at 99.92.
Overall, 45 securities, down from 52 on Wednesday and closed with 20 stocks rising, 11 declining and 14 remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.4.
Trading ended with 9,318,055 shares for $79,985,841 compared to 12,977,111 units at $274,593,779 on Wednesday. Sagicor Select Financial Fund was the lead volume with 20.2 percent, having exchanged 1.88 million shares, followed by Wigton Windfarm with 19.9 percent for 1.85 million units and QWI Investments with 13.2 percent after 1.23 million units changed hands.
Trading averaged 207,068 units at $1,777,463, compared to an average of 249,560 shares at $5,280,650 on Wednesday. Month to date trading averages 229,207 units at $1,720,616, in contrast to 230,354 units at $1,717,673 on Wednesday. March averaged 354,304 units at $2,543,232.
Investor’s Choice bid-offer indicator reading has seven stocks ending with bids higher than its last selling price and two with lower offers.
At the close, Caribbean Cement jumped $14.25 to close at $89.25 after clearing the market with 69,777 units, following the release of first quarter results showing revenues surging 31 percent and profit jumping 216 percent. Carreras gained 34 cents to end at $9.59 with an exchange of 286,827 shares. Jamaica Broilers advanced $1.49 to $31 with the swapping of 136,227 stock units. Jamaica Producers rose 45 cents to $28.45 after exchanging 64,155 units, Margaritaville declined $5.90 to settle at a 52 weeks’ low of $22.10 in transferring 200 stocks. NCB Financial Group gained 40 cents in closing at $140 with 26,916 units changing hands, PanJam Investment ended $2.48 higher at $65 trading 12,560 shares. Pulse Investments closed 28 cents higher at $4.36 after 395,700 stock units crossed the exchange, Salada Foods dipped 35 cents to $7 with an exchange of 359,341 units. Scotia Group fell $1 in ending at $42 in the swapping of 36,344 stocks, Supreme Ventures rose $1.04 to close at $17.99 with investors switching ownership of 62,609 shares and Victoria Mutual Investments rose 90 cents to end at $7.40 with 126,599 stock units clearing the market.

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

Steady TTSE trading on Thursday

Market activity ended on Thursday, with the market declining after the trading of 30 percent more shares valued 11 percent less than on Wednesday, resulting in more stocks rising than falling on the Trinidad and Tobago Stock Exchange.
Trading ended with 15 securities changing hands compared to 16 on Wednesday, with four stocks rising, two declining and nine remaining unchanged. The Composite Index slipped 0.15 points to settle at 1,329.55, the All T&T Index fell 1.10 points to 1,780.99 and The Cross-Listed Index increased 0.12 points to 118.62.
At the close, 408,693 shares traded for $3,296,893 compared to 313,974 units at $3,686,330 on Wednesday.
An average of 27,246 units traded at $219,793 compared to 19,623 at $230,396 on Wednesday. Trading month to date averages 11,621 units at $184,376 versus 10,829 units at $182,581. The average trade for March amounts to 12,610 units at $342,338.

The Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Angostura Holdings ended at $15.49 in exchanging 700 shares, Ansa Mcal settled at $56.75 in trading 5,481 stocks, Clico Investment Fund increased 9 cents to $25.15, with 14,147 stock units changing hands. First Citizens Bank remained at $46.50 with the swapping of 1,026 stocks. Grace Kennedy remained at $4.91 in an exchange of 80,355 stock units, Guardian Holdings closed at $25.61 with 16,923 units crossing the exchange, JMMB Group slipped 1 cent to $1.80 in trading 7,500 stock units. Massy Holdings had an exchange of 6,000 stocks at $65, National Flour Mills gained 3 cents in ending at $2.35, with 37,575 stocks crossing the market, Point Lisas remained at $3, with 1,248 stocks changing hands. Scotiabank declined by 15 cents to $54.50 after exchanging 6,062 stocks, Trinidad & Tobago NGL gained 10 cents in ending at $13.50 in exchanging 15,716 units, Trinidad Cement gained 10 cents in closing at $3 after trading 213,335 shares, Unilever Caribbean remained at $16.32 after exchanging 1,000 stock units and West Indian Tobacco ended at $32.98 trading 1,625 shares.

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