The Junior Market recovered lost ground on Friday as the market index jumped 57.14 points to end at 3,222.25. Volume traded suffered a 28 percent reduction and the value of stocks trading dropped 52 percent, compared to trading on Thursday.
The junior Market closed with 1,459,166 units valued at $7,939,041 traded compared with 2,034,224 units valued at $16,616,055 on Thursday.
Trading closed with 23 securities versus 18 on Thursday leading to 11 stocks rising and 9 declining and with 6 stocks having higher bids than their last traded prices and 2 closing with lower offers.
The Junior Market ended trading with an average of 63,442 units for an average value of $345,176 compared to of 113,012 units for an average value of $923,114 on the previous trading day. The average volume and value for the month to date amounts to 395,969 units valued at $1,799,200 compared with 411,804 units valued at $1,868.440, previously. In contrast, May closed with averages of just 89,339 units at $596,722.
At the close of the market, stocks trading and their last traded price are: AMG Packaging closed at $4.05 with 15,000 units changing hands, Blue Power closed at $50 with 5,021 units changing hands, Caribbean Cream jumped 76 cents in trading 20,000 units to end at $8.01, Caribbean Flavours jumped by $1 in trading 100 units to end at $12, Caribbean Producers gained 20 cents in trading 118,077 shares to close at $3.50, Consolidated Bakeries fell 8 cents in trading 10,300 shares to close at $2.62, Derrimon Trading lost 45 cents and ended at $8.05 with 44,095 shares changing hands, Eppley closed with 6,548 units, changing hands at $12. General Accident rose 65 cents and closed trading with 6,000 shares at $3.35, Honey Bun lost 44 cents in trading 5,300 shares changing hands and closed at $5.60, ISP Finance lost $2 and ended at $18 with 17,019 units changing hands. Jamaican Teas traded 19,000 shares, losing 20 cents to end at $4.20, Jetcon Corporation climbed 58 cents and ended at $5.49 with 947,393 shares trading, Knutsford Express traded 10,400 shares but lost 25 cents to end at $15.70. Lasco Distributors ended at $7 after rising 10 cents trading 1,000 units, Lasco Financial gained 15 cents with 100 shares changing hands, to end at $3.75, Lasco Manufacturing added 35 cents and ended with 8,100 shares trading to close at $5, Main Event dropped 62 cents and ended trading 24,937 shares at $5.25, Paramount Trading added 7 cents and ended at $3.02 with 32,000 units trading, Sweet River fell 5 cents and ended with 5,006 units changing hands at $3.50, tTech ended with 5,770 units changing hands and fell 20 cents to close at $7.80 and< strong> Derrimon Trading preference share rose 30 cents to end at $2.50 with 150,000 shares changing hands.
Archives for June 2017
Scotia Investments dominates trading
Scotia Investments now the subject of a proposed buyout by the Jamaica parent Scotia Group dominated trading on the Trinidad & Tobago Stock Exchange on Friday with 97 percent of the trades. The stock gained 6 cents to close at $1.96, with trading 2,024,656 shares valued at $3,948,159.
A total of 15 securities changed hands compared to 19 on Thursday as 2,080,937 shares were exchanged by investors, valued at $4,909,138 on Friday compared to Thursday’s 153,171 units valued at $8,814,925. At the close, 1 stock advanced, 5 declined and 9 remained unchanged.
The Composite Index fell 0.32 points to 1,209.18, the All T&T Index declined 0.56 points to 1,791.04 and the Cross Listed Index lost 0.01 point to close at 84.06.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Scotia Investments was the only stock closing higher at the close of trading on Friday.
Losses| Guardian Holdings closed at $16.10, losing 10 cents with an exchange of 16,540 shares, One Caribbean Media lost 1 cent to close at $15, with 300 shares changing hands, Prestige Holdings closed at a 52 weeks’ low of $10.74, with a loss of 1 cent trading 580 shares. Trinidad & Tobago NGL traded 40 cents lower, closing at $21.90 with trades of 1,500 units and Trinidad Cement closed at $4.14, with a loss of 1 cent exchanging 5,000 shares.
Firm Trades| Ansa McAL exchanged 2,920 shares at $66.01, Clico Investment closed at $22.50, with trades of 200 units and First Citizens traded 500 units at $31.65. Grace Kennedy held firm at $2.70, with 16,894 shares changing owners, JMMB Group remained at $1.23, with 1,000 units traded, Massy Holdings closed at $50, with an exchange of 5,000 shares. Republic Financial Holdingsheld firm at $101.90, with 650 units changing hands, Sagicor Financial closed at $8.50 trading 5,000 units and Scotiabank exchanged 197 shares at $58.01.
D&G & HEART sign traning agreement
D&G Foundation through a partnership with the HEART Trust NTA, 2500 young Jamaicans will be trained under the Foundation’s Learning For Life Project Employability Programme.
With the targeted number of trainees this year, project employability is poised to help the Foundation deliver on its ambition of training 15,000 young apprentices by 2018, a release from the foundation states. Approximately 12,000 Jamaicans have already benefited from training programmes under the Learning For Life Programme since its inception in 2008. Funding for the programme is provided by the D&G Foundation which is the charitable arm of Jamaica’s beer producer Desnoes and Geddes.
Full tuition support for qualified students enrolled in the various modules at HEART in the first phase of the programme is covered by the Foundation. The project started on June 5, also includes courses in Social Media Management, Small Business Management.
Grace takes 86% of TTSE trades
Jamaica’s Grace Kennedy accounted for 86 percent of the volume and 38 percent of the value traded on the Trinidad & Tobago Stock Exchange on Thursday. The market closed with a sharp rise in the level of activity compared with Wednesday’s with 19 securities trading, compared to 13 on Wednesday.
The market traded 1,447,071 units at a value of $8,814,925 compared to Wednesday’s trades of 201,265 units valued at $1,870,224. At the close, 4 stocks advanced, 6 declined and 9 were unchanged.
The Composite Index gained 0.11 points to 1,209.50, the All T&T Index added 0.08 points to 1,791.60 and the Cross Listed Index gained 0.02 points to close at 84.07.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| NCB Financial Group gained 5 cents to close at $4.05 trading 2,575 shares, Scotiabank closed at $58.01, gaining 1 cent with 371 shares changing hands, Trinidad Cement gained 1 cent to close at $4.15 exchanging 32,000 shares and Trinidad & Tobago NGL traded 50 cents higher, closing at $22.30 with 25,798 units changing hands at a value of $565,499.
Losses| Ansa McAL lost 1 cent to close at $66.01, with an exchange of 5,215 shares valued at $344,269, Clico Investment closed at $22.50, losing 1 cent trading 9,465 shares, JMMB Group traded at $1.23, with a loss of 3 cents exchanging 23,880 shares. Point Lisas closed at $3.88, losing 12 cents with 15,000 units trading, Scotia Investments closed at $1.90, with a loss of 23 cents trading 8,600 shares and West Indian Tobacco lost 6 cents to close at a 52 weeks’ low of $125.94, with 8,950 shares changing hands valued at $1,127,163.
Firm Trades| Ansa Merchant Bank exchanged 31,400 shares valued at $1,256,004, to close at $40, Berger Paints closed at $4.05, with 2,449 units changing hands, First Caribbean International exchanged 20,000 units at $7.70. Grace Kennedy traded 1,245,000 shares at $2.70, valued at $3,361,500, Guardian Holdings closed at $16.20, with an exchange of 1,243 units, Massy Holdings closed at $50, with an exchange of 55 shares. National Enterprises held firm at $10.49, with 288 units changing hands, One Caribbean Media remained at $15.01 with 200 units traded and Republic Financial Holdings remained at $101.90, with 14,582 shares changing hands at a value of $1,485,898.