Volume on the Junior Market of the Jamaica Stock Exchange remained low but the market ended trading with a gain of 33.08 points, to a record close of 3,256.31 points on Friday and gains of 25.5 percent for the year to date.
At the close, 22 securities traded versus 18 on Thursday with declining stocks outnumbered advancing stocks 7 to 9 with 1,069,397 valued at $6,595,548 changing hands compared to 299,565 valued at $1,802,981 on Thursday.
The Junior Market ended trading with an average of a mere 48,609 units for an average value of $299,798 traded, compared to 16,643 units for an average value of $100,166 on the previous trading day. The average volume and value for the month to date are 502,597 units and $2,768,003. The average volume and value for the month to the previous trading day ended at 527,819 units and $2,905,125. The average volume and value for March was 137,459 units and $1,313,411.
Trading ended with 11 stocks having bids higher than their last sale prices and 1 ending with a lower offer.
At the close of the market on Friday, AMG Packaging closed with a loss of 1 cent at $4.99 with 43,224 units changing hands, Blue Power jumped $2 to close at $37 with 3,240 units changing hands, CAC 2000 traded 5,000 shares to close with a loss of 70 cents at $7.20, Cargo Handlers traded 1,100 shares to close at $20.10, Caribbean Cream closed trading with 330,000 units and gained 2 cents to end at $7.56, Caribbean Producers ended at $3.75 with 260,414 shares trading, Consolidated Bakeries rose 21 cents with 40,000 shares changing hands, to close at $3.20. C2W Music had 4,000 units changing hands to close with a gain of 6 cents at 43 cents, Dolphin Cove jumped 92 cents and ended at a 52 weeks’ high of $21 with 1,000 shares trading, Honey Bun rose 5 cents with just 100 shares changing hands, to close at $7.55, Jamaican Teas traded 141,771 shares, to close at $4.75, Jetcon Corporation lost 30 cents and ended at $12.70 with 18,700 shares trading, KLE Group slipped 20 cents to end at $2.80 with 17,105 shares changing hands, Knutsford Express closed trading with 12,238 shares at $41, Lasco Distributors rose 50 cents and ended with 33,787 units trading at $7.50, Lasco Financial lost 15 cents and ended with 25,810 shares changing hands at $4.60, Lasco Manufacturing lost 65 cents to close at $5.60 while trading 3,678 shares, Main Event ended trading 70,943 shares, to close at $6, Medical Disposables traded 41,788 shares, lost 40 cents to close at $5.60, Paramount Trading dropped 45 cents to end at $3 with 14,500 units trading and tTech ended with 1,000 units changing hands at $7.45 after falling by 5 cents.
Archives for April 2017
Biggest 2017 trading day for TTSE
The Trinidad & Tobago Stock Exchange closed out April with the biggest trading day on Friday resulting the highest number of securities trading with the highest dollar for the year. A total of 19 securities changed hands, accounting for 607,866 shares valued at $22,247,214, compared to 13 on securities trading on Thursday.
Trading closed with Ansa McAL and Republic Financial Holdings accounting for 69 percent of traded value. Overall 3 stocks advanced, 6 declined and 10 holding firm. On Thursday trading resulted in 167,340 shares valued at $2,265,872.
The Composite Index declined 2.61 points to 1,222.87, the All T&T Index fell 1.87 points to 1,800.91 and the Cross Listed Index lost 0.46 points to close at 86.48.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 6 stocks with bids higher than last selling prices and 3 with lower offers.
Gains| Massy Holdings gained 2 cents and closed at $51.45 with 185 units changing owners, Prestige Holdings closed at $11.01, with a 1 cent gain exchanging 15 shares and Republic Financial Holdings gained 10 cents, closing at $102 with 60,818 shares changing hands valued at $6,203,436.
Losses| First Caribbean International closed at $8, losing 10 cents trading 1,025 shares, Guardian Holdings lost 6 cents to close at $15.44, with an exchange of 29,948 shares valued at $463,471, JMMB Group traded 4 cents lower to close at $1.25 while exchanging 16,760 units. Readymix closed $1.44 lower at $11.06 trading 2,710 units, Sagicor Financial lost 5 cents, closing at $9 with trades of 65,254 shares valued at $588,173 and Trinidad & Tobago NGL closed at $22.49, losing 1 cent with an exchange of 196,575 shares valued at $4,417,061.
Firm Trades| Angostura Holdings closed at $15 with 10,000 units traded, Ansa McAL closed at $66.50 while trading of 138,271 shares valued at $9,195,022, Clico Investment traded 664 shares at $22.52, National Enterprises closed at $10.50 with trades of 550 units, National Flour Mills closed at $2.52 with 54,380 units changing hands,One Caribbean Media exchanged 1,637 units at $16.85. Scotia Investments traded 13,000 units at $2.75, Scotiabank exchanged 15,939 shares at $58.06 valued at $925,435, Unilever Caribbean closed at $57 trading 35 units, after trading at an 52 weeks’ intraday low of $53 and West Indian Tobacco rose 1 cent to $127 with 100 units changing hands.
Trading slumped for Junior market
Volume on the Junior Market of the Jamaica Stock Exchange dipped and ended trading with a fall of 23.97 points, to 3,223.23 points on Thursday.
By close, declining stocks was outnumbered by advancing stocks 4 to 8 with 18 securities changing hands versus 17 on Wednesday with 299,565 valued at $1,802,981 changing hands compared to 1,523,004 valued at $8,929,450 on Wednesday.
The Junior Market ended trading with an average of a mere 16,643 units for an average value of $100,166 traded, compared to 89,588 units for an average value of $525,262 on the previous trading day. The average volume and value for the month to date are 527,819 units and $2,905,125. The average volume and value for the month to the previous trading day ended at 557,888 units and $3,070,123. The average volume and value for March was 137,459 units and $1,313,411.
Trading ended with 10 stocks having bids higher than their last sale prices and 4 ending with lower offers, than the last traded price.
At the close of the market on Thursday, Access Financial closed at $41.75 with 500 units changing hands, CAC 2000 traded 100 shares to close with a rise of 73 cents at $7.90, Cargo Handlers traded 406 shares to close at $20.10, with a loss of 40 cents,Caribbean Producers ended at $3.75 with 1,000 shares trading, Consolidated Bakeries rose 14 cents with 8,773 shares changing hands, to close at $2.99. General Insurance gained 10 cents and ended at $3.30 with 27,265 shares trading, Honey Bun fell 5 cents with 8,013 shares changing hands, to close at $7.50, Jamaican Teas traded 33,952 shares, to close at $4.75, Jetcon Corporation put on 5 cents and ended at $13 with 1,027 shares trading, KLE Group rose 20 cents to end at $3 with 2,000 shares changing hands, Knutsford Express closed trading with 3,110 shares at $41, Lasco Distributors rose ended with 32,267 units trading at $7, Lasco Financial lost 5 cents and ended with 2,000 shares changing hands at $4.75, Lasco Manufacturing jumped 66 cents to close at a 52 weeks high of $6.25 while trading 68,270 shares, Main Event lost 10 cents trading 92,328 shares to close at $6, Paramount Trading rose 45 cents to end at $3.45 with 1,650 units trading, Sweet River ended with 1,000 units changing hands at $3.50 after rising by 1 cent and Eppley 8.25% preference share closed trading with 15,904 units changing hands at $6.10.
$1.5B for NCB Group shareholders
NCB Financial Group approved an interim dividend of 60 cents per ordinary stock unit at its board of directors meeting on April 27. The dividend will result in a total payment of $1.48 billion.
The dividend is payable on May 29, 2017 to stockholders on record as at May 12, 2017. In 2016, NCB paid a dividend in December of 90 cents per share, that brought the full year payment to $2.40 for a pay-out of 38 percent of profit. In January this year, a dividend of 60 cent was paid to shareholders. On May 27, last year, an interim dividend of 50 cents per share was paid to the group’s shareholders. This year’s payments come against a 58 percent jump in profit over the prior year to March to $9.5 billion.
In trading on the Jamaica Stock Exchange, the group’s stock traded at $63.75 and at TT$3.99 on the Trinidad Stock Market.
Cement sales up in Jamaica
Sale of cement rose in Jamaica but fell in the twin island state of Trinidad and Tobago in the first quarter of this year, a report from Trinidad Cement (TCL) reported.
According to the company, “Domestic gray cement volume sales declined by 6 percent for the group during the first quarter of 2017.” “The decline mainly reflects a general slowdown in due construction sector in Trinidad and Tobago market, Trinidad Cement advised investors in a release to the Trinidad Stock Exchange.”
“Volumes in Jamaica grew, the company stated, reflecting an increase in tourism and infrastructure activity. At Arawak Cement in Barbados, cement volumes were driven by the residential and commercial sector.”
TTSE falls as 4 stocks rising & 4 falling
Trading on the Trinidad & Tobago Stock Exchange remained at a subdued level at the close of the market on Thursday with 13 securities changing hands compared to 15 on Wednesday with the value and volume being much lower than on Wednesday.
The market closed with 4 stocks advancing, 4 declining and 5 holding firm. A total of 167,340 shares were traded at a value of $2,265,872 compared to Wednesday’s 235,696 shares valued at $9,797,031.
The Composite Index declined 7.81 points to 1,225.48, the All T&T Index lost 0.12 points to 1,802.78 and the Cross Listed Index fell 2.12 points to close at 86.94.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 8 stocks with bids higher than last selling prices and 4 with lower offers.
Gains| Clico Investment gained 1 cent to close at $22.52 trading 250 units, Guardian Holdings closed at $15.50, with gains of 6 cents exchanging 17,048 shares, Massy Holdings gained 2 cents, closing at $51.45, with a mere 12 shares changing hands and West Indian Tobacco closed 1 cent higher at $127, with 969 units trading.
Losses| First Caribbean International closed at $8.10, losing 47 cents trading 540 shares, JMMB Group traded 2 cents lower to close at $1.29 exchanging 15,294 units, National Flour Mills lost 1 cent to close at $2.52 with an exchange of 1,152 units and Trinidad Cement declined by 1 cent, closing at $4.20 with 21,446 shares changing hands.
Firm Trades| National Enterprises closed at $10.50 with 1,000 units traded, NCB Financial Group closed at $3.99 with trades of 68,720 shares, Republic Financial Holdings traded 11,909 shares at $101.90 valued at $1,213,527. Scotia Investments closed at $2.75 with 20,000 units changing owners and Trinidad & Tobago NGL exchanged 9,000 units at $22.50.
Dolphin Cove another 2017 dividend
Dolphin Cove shareholders are in for another early 2017 dividend, as the company’s directors at a meeting held on April 25, approved an interim dividend of Twenty Cents per share payable on Tuesday, May 30, to shareholders on record on May 10.
The upcoming payment brings the payment for 2017 to 40 cents as the company paid an interim dividend of 20 cents per share on April 4, 2017. Based on the latest proposed payment, the stock will trade ex-dividend on May 8.
The company paid dividends of 20 cents per stock unit in May, August and November last year. The stock last traded at $20.08 on the junior market of the Jamaica Stock Exchange and is up from $15.50 at the start of 2017.