The Junior Market Index suffered a big fall of 52.63 points on Friday to close at 2,906.77 and down 192.13 points or 6 percent for September due mainly to a fall of 42 cent in the price of Express Catering.
Trading ended on Friday with 21 securities changing hands, resulting in an exchange of 1,889,929 units valued at $9,948,506 compared to 538,080 units valued at $2,509,546 on Thursday.
At the close of market activities, at of 8 securities advanced with the last price, 6 declined and 7 remained with prices unchanged.
Trading ended with an average of 89,997 units for an average of $473,738 in contrast to 29,893 units for an average of $139,419 on Thursday. The average volume and value for the month to date amounts to 116,176 units valued at $538,652 compared to $117,485 valued at $541,898 previously. In contrast, August closed with average of 234,437 units valued at $1,295,260 for each security traded.
Trading ended with the market sentiments looking positive for Monday trading activity as 7 stocks ended with bids higher than their last selling prices and 1 with lower offers.
At the close of the market the volume of stocks units changing hands and their last traded price are: Access Financial trading at $42, with 3,068 shares, AMG Packaging falling 30 cents to $3.20, with 69,088 units. Elsewhere, CAC 2000 finished at $7, with 96,192 stocks units, Caribbean Cream ended trading 10 cents higher at $6, with 49,816 shares, Caribbean Flavours ended 40 cents higher at $12, with 20,800 shares, Caribbean Producers gained 15 cents to $3.75, with 70,025 units, Dolphin Cove traded 49 cents higher at $17.49, with 5,144 stocks units, Eppley 10% preference share ended with a loss of 5 cents at $6.55, trading 396,000 units. Express Catering closed with a loss of 42 cents at $4, with 15,440 stock units, General Accident traded 14 cents higher at $2.74, with 76,990 shares, Jamaican Teas finished with a loss of 10 cents at $3.90, with 14,003 stocks units changing hands, Jetcon Corporation closed at $4.50, with 176,657 units, Key Insurance concluded trading at $4.25, with 36,935 stocks shares, Knutsford Express rose 9 cents to $14.89, with 300 shares, Lasco Distributors ended with a loss of 8 cents at $6.30, with 237,602 units, Lasco Financial traded 2 cents higher at $4.02, with 58,760 stocks units. Lasco Manufacturing concluded trading at $3.80, with 216,256 shares, Main Event closed 25 cents higher at $5.25, with 22,653 units, Paramount Trading ended with a loss of 1 cent at $2.70, exchanging 1,000 shares, Stationery and Office finished at $4.80, with 323,000 stocks units and tTech finished with a loss of 50 cents at $7.05, with 200 stocks changing hands.
The bid and offer volumes for some securities have not been updated and are reported as they were at the close on Thursday, these are mostly Main Event except Medical Disposables down to Eppley preference shares.
Archives for September 2017
TTSE trading drops sharply – Friday
The Trinidad & Tobago Stock Exchange closed on Friday with 11 securities changing hands compared to 13 on Thursday with just 83,803 shares traded at $1,209,765 compared to Wednesday’s 230,908 units valued at $2,243,148.
At the close, 6 stocks advanced, 1 declined and 4 were unchanged as the Composite Index advanced 3.33 points to 1,241.60 and is up marginally for September but up 2.65 percent for the year to date. The All T&T Index rose 0.56 points to 1,782.18 but is down from 1,791.21 at the start of the month to close the month 2.84 percent down from the start of 2-017. The Cross Listed Index gained 0.84 points to close at 94.18 leading to a gain for the month of 1.41 points and is up 20.48 percent for the year to date.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| The last traded prices of the securities rising and volume changing hands are Clico Investment gained 1 cent to close at $21.51 trading 5,518 shares, First Citizens closed at $32, with gains of 25 cents exchanging 6,292 shares, Republic Financial Holdings gained 11 cents to $101.90 with 1,395 units and Sagicor Financial trading 14 cents higher at $8.15 with 1,667 units. Scotiabank rose 1 cent to $58.06 with 6,298 shares valued at $365,728 changing hands and Scotia Investments closed 5 cents higher at $2.30 exchanging 8,990 shares.
Losses| West Indian Tobacco lost 4 cents to settle at a 2 weeks’ low of $124.96 with 240 units changing hands.
Firm Trades| The securities remaining unchanged at last prices trades occurred and volume of changing hands in the market are First Caribbean International Bank that closed at $8.10 with 1,500 units, NCB Financial trading 45,387 shares at $5.10, Trinidad Cementexchanging 4,066 units at $4.20 and Trinidad & Tobago NGL that ended at $23 with 2,540 units.
JS$ gains more ground vs US$ – Friday
The Jamaican dollar made further gains in recovering lost value on Friday, with the rate against the US dollar that dealers sold at, falling to $129.91 from JS$129.99 on Thursday.
Inflows of all currencies into Jamaica’s forex market ended on Friday at US$37.34 million down from Thursday’s US$46.71 million, while dealers sold US$37.23 million versus US$50.04 million, previously.
US currency purchases, accounted for US$28.65 million of the total inflows, at an average of J$128.49 versus J$129.12 for US$36.83 million on Thursday, while dealers sold US$30.35 million compared to US$38.66 million previously.
The selling rate for the Canadian dollar dropped to J$105.10 from J$105.55 at the close on Thursday. The British Pound dropped to J$173.88 for buying the British currency versus J$176.21 previously and the euro declined in value against the Jamaican dollar, with it taking J$152.45 to buy the European common currency, versus J$157.14, previously.
JS$ back below $130 to US$ – Thursday
The Jamaican dollar made gains on Thursday, with the rate against the US dollar falling back below $130 after it surged earlier in the month to more than J$131 to the US.
Selling by Bank of Jamaica through the new weekly auction system of US$75 million since the last week in August seems to have met most of the demand so far. Inflows of all currencies into Jamaica’s forex market ended on Thursday at US$46.71 million down from Wednesday’s US$48.90 million, inclusive of the BOJ auction sale of US$10 million, while dealers sold US$50.04 million versus US$47.27 million, previously.
US currency purchases, accounted for US$36.83 million of the total inflows, at an average of J$129.12 versus J$129.40 for US$40.57 million on Wednesday, while dealers sold US$38.66 million at JS$129.99 compared to J$130.37 for US$39.66 million previously.
The selling rate for the Canadian dollar dropped to J$105.55 from J$105.80 at the close on Wednesday. The British Pound was marginally more costly, with J$176.21 buying the British currency versus J$175.50 previously and the euro rose in value against the Jamaican dollar, with it taking J$157.14 to buy the European common currency, versus J$154.06 previously.
7 stocks rose on TTSE on Thursday
The Trinidad & Tobago Stock Exchange closed on Thursday with 13 securities changing hands compared to 11 on Wednesday as 7 stocks advanced, 3 declined and 3 were unchanged.
At the close, 230,908 shares traded at a value of $2,243,148 compared to Wednesday’s trades of 137,807 valued at $553,807.
The Composite Index rose 0.76 points to 1,238.27, the All T&T Index declined by 1.06 points to 1,781.62 and the Cross Listed Index gained 0.35 points to close at 93.34.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| The last traded price of the securities rising and the volume changing hands are Clico Investment with gains of 9 cents, closed at $21.50 exchanging 2,761 units, First Caribbean International Bank closed at $8.10,with the price rising 8 cents with 34,616 shares being traded, Guardian Holdings gained 1 cent to close at $15.01 with 5,840 units changing hands, NCB Financial Group traded 10 cents higher to $5.10 with 5,797 units. Scotiabank with gains of 2 cents, closed at $58.05 with 4,500 units, Trinidad Cement closed 6 cents higher to $4.20 in exchange of 26,162 shares and Trinidad & Tobago NGL settled at $23, gaining 1 cent after trading 43,565 shares valued at $1,001,740.
Losses| The last traded prices of securities declining and the volume changing hands were First Citizens declined by 25 cents to settle at $31.75 with 2,300 units, Republic Financial Holdings traded at a 52 weeks’ low of $101.79, having lost 1 cent with 1,781 units changing hands and Unilever Caribbean closed at a 52 weeks’ low of $49.35, with a loss of 4 cents while exchanging only 10 units.
Firm Trades| The last traded prices of securities and the volume traded unchanged at the close of trading were Angostura Holdings closed at $15.24 with only 6 units trading, JMMB Group traded 100,458 shares at $1.35 and Sagicor Financial exchanged 3,112 units at $8.01.