Archives for April 2019

Carib Cement wipes off losses

April 27, 2019 by

Caribbean Cement delivers record profit in Q1.

Profit at Jamaica’s sole producers of cement soared 234 percent in the quarter to March, to $1.1 billion from just $347 million in 2018 and wiped out the years of losses and plunging it into a surplus of $124 million.
The improved profit grew out of sales that rose a mere 2.5 percent to $4.45 billion from $4.34 billion and reduction in certain cost. The results places the company in a position to be able to commence the payment of dividends that seems likely this year.
Improvement in gross profit margin, was significant and may have resulted in profit margin climbing to 66 percent from 56 percent in the 2018, excluding depreciation cost. Input cost fell with the cessation of imported cement, being a part of the cost mix.
Depreciation cost rose 210 percent, to $391 million resulting from the acquisition of Kiln 5 and Mill 5, previously leased from Trinidad Cement. Employee related cost rose just 2 percent to $554 million. Administrative expenses dropped 73 percent to $300 million from $1.1 billion in 2018, a direct result of termination of the kilns. Marketing and sales expenses declined by 7 percent to $169 million. Finance cost climbed in the quarter by 756 percent to $169 million.

CCC Silo

Earnings per share came out at $1.33 for the quarter. IC Insider.com is forecasting earnings of $7 per share for 2019, based on sales increasing faster than in the first quarter. On the low end, the forecast is for earnings not less than $6 per share. At the latest price of $64 for the stock, the PE would 10.6 on the high side and 9.2 times at the lower end. It is worth noting that tax losses amounted to $1.6 billion at the end of 2018. Half of taxable profit can be set off against the tax losses, in any year assessment. The effect is a lowering of the amount of taxes to be charged against profit for the year, as the company did not book deferred tax assets for these losses in the past.
Gross cash flow brought in $1.8 billion, but after making loan payment of $1 billion and making some other payments cash at bank on hand, declined to $303 million from $421 million at the end of December last year. Shareholders’ equity stands at $7.5 billion with borrowings at $10.3 billion, down from $11.39 billion at the end of December. Repayment of preference share will consume $822 million in 2019 with $3 billion, payable annually, to September 2026.

Filed Under: Company News, Company Results Tagged With: , ,

JSE major index jumps – Friday

April 26, 2019 by

The ongoing see saw trading pattern of the Jamaica Stock Exchange continued on Friday with the market indices making sizable gains after a big falls on Thursday.
At the close, the main and US markets had 32 securities traded, compared to 33 on Thursday leading to 14 advancing, 7 declining and 12 closing unchanged. The market closed with the All Jamaican Composite Index 3,765.48 points to 425,884.16 and the JSE Index advanced by 3,419.95 points to 388,005.75.
Market activity on the main market ended with 4,427,445 units valued $384,592,987 changing hands, compared to 17,912,213 units valued $156,798,185 units trading on Thursday.
MPC Caribbean Clean Energy led trading with 2.69 million shares, accounting for 61 percent of total main market volume, followed by Carreras with 817,258 units and 18.5 percent of the day’s trades and Wisynco Group with 264,825 units for 6 percent of volume traded.
Market activity ended with an average of 147,582 units valued at $12,819,766, in contrast to 597,074 shares valued at $5,226,606 on Thursday. The average volume and value for the month to date amounts to 158,599 shares at $3,037,176 for each security, compared to 159,231 shares at $2,439,461 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 9 stocks ending with bids higher than their last selling prices and just 4 closing with lower offers.
In main market activity, Barita Investments fell 90 cents to close at $42, with an exchange of 5,700 shares, Caribbean Cement rose 61 cents to $64.12 with 17,700 shares changing hands, Jamaica Broilers climbed $2 in exchanging 22,080 units to end at $32, Jamaica Producers declined 50 cents to close at $21.50, after trading 38,562 stock units. Jamaica Stock Exchange gained 30 cents and ended at $17.50, trading 97,043 shares, Kingston Wharves jumped $3 to settle at $71, trading 6,989 units, Mayberry Equities rose 60 cents to end trading of 43,242 shares at $9.80, Palace Amusement  climbed $50 to close at $1,300 with 100 stock units changing hands. Sagicor Group jumped $4.03 to end at $44 in an exchange of 13,544 shares, Sagicor Real Estate Fund  added 44 cents to end at $9.10, trading just 60,018 shares, Seprod rose $1.45 and closed at $43.45, trading 6,934 shares and Stanley Motta gained 33 cents and ended at $4.55, with an exchange of 10,448 shares.
Trading in the US dollar market ended with 83,732 shares trading with a value of US$10,226. Proven Investments  closed at 23 US cents, with an exchange of 13,000 shares and Sygnus Credit Investments ended trading of 70,732 units at 10 US cents. The JSE USD Equities Index fell 1.87 points to close at 177.64.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Junior Market drops volume rises – Friday

April 26, 2019 by

Caribbean Producers traded 1.66 million shares and dropped 80 cents.


The Junior Market of the Jamaica Stock Exchange closed with big improvement in volume and value trading on Friday, compared to Thursday’s levels.
The market index dropped 22.54 points to close at 2,970.82 as rising and declining stocks shared the spotlight equally as investors exchanged 24 stocks, compared to 26 on Thursday with prices of 8 rising, 8 declining with 8 remaining unchanged.
Trading resulted in an exchange of 4,264,462 units valued at $16,060,112 as two securities dominated trading volume, compared to 690,056 units valued at $2,672,243 on Thursday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 4 with lower offers.
Trading ended with an average of 177,686 units for $669,171 for each security, in contrast to 26,541 units for an average of $102,779 on Thursday. The average volume and value for the month to date amounts to 91,615 units valued $329,850 and previously, 86,708 units valued $310,507 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
At the close of the market, Access Financial closed at $42.55, with 386 shares changing hands, AMG Packaging ended 11 cents higher at $2.23, with 4,206 stock units crossing the exchange, CAC 2000 gained 1 cent to close at $11.25, trading 2,000 shares, Cargo Handlers settled with a loss of 1 cent at $10.95, with an exchange of 3,173 shares. Caribbean Cream ended trading 23,007 shares 2 cents higher at $5.30, Caribbean Producers lost 80 cents to close at $4.20, trading 1,662,213 units, Consolidated Bakeries closed at $1.80, with 4,418 shares changing hands, Derrimon Trading ended with a loss of 1 cent at $2.70, with 3, with an exchange of 23,765 shares. FosRich Group traded 1,500 shares with a loss of 30 cents at $4, Fontana finished trading 107,812 shares with a loss of 5 cents at $3.95, General Accident closed at $4.30, while exchanging 61,634 stock units, GWest Corporation ended 2 cents higher at $1.35, trading 97,288 units, iCreate traded 3,800 shares to close at 90 cents. Indies Pharma finished 9 cents higher at $3.10, with 1,972,125 shares changing hands. Iron Rock exchanged 12,967 shares with a loss of 40 cents in closing at $3.50,  Jamaican Teas traded 5,000 units at $3.60,  Jetcon Corporation  finished the trading of 81,080 shares at $2.40, Knutsford Express  closed at $12.50, while trading 600 stock units, Lasco Distributors  finished with a loss of 9 cents at $3.51, with 51,500 units changing hands. Lasco Financial  settled 5 cents higher at $4.05, with $2.93, with an exchange of 59,528 shares, Lasco Manufacturing  ended trading with 60,000 shares, 4 cents higher at $3.20, Main Event traded 8,620 shares after falling 5 cents to $5.80, SSL Venture Capital ended at $1.54, in exchanging 1,640 shares and tTech settled 15 cents higher at $5.15, with 16,200 stock units changing hands.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , ,

Rising stocks dominate TTSE – Friday

April 26, 2019 by
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Trinidad & Tobago Stock Exchange Head Quarters

Market activity on the Trinidad & Tobago Stock Exchange ended on Friday with trading in 15 securities against 19 on Thursday, with 6 advancing, 3 declining and 6 remaining unchanged.
At close of the market, the Composite Index gained 3.57 points to 1,333.69. The All T&T Index fell 0.89 points to 1,772.20, while the Cross Listed Index gained 1.11 points to close at 120.77.
Trading ended with 188,861 shares at a value of $1,462,541, compared to 374,972 shares at a value of $1,581,389 on Thursday.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended at 7 stocks with bids higher than their last selling prices and 3 with lower offers.
Stocks ending with gains| At the close of the market, Clico Investments closed with a gain of 7 cents at $22.60, with 5,682 stock units changing hands, First Caribbean International Bank gained 19 cents and completed trading of 2,910 units, at $8.30, JMMB Group gained 3 cents and ended at $1.73, after exchanging 108 shares. NCB Financial Group closed with an increase of 7 cents and settled at $8.35, in exchanging 59,422 shares, Point Lisas ended trading with an increase of 15 cents at $3.60, with 1,805 stock units changing hands and Trinidad & Tobago NGL finished 4 cents higher and completed trading of 6,391 units at $29.45.
Stocks closing with losses|Grace Kennedy ended trading 5 cents lower at $3.30, with 250 stock units changing hands, Republic Financial Holdings concluded trading with a loof 1 cent at $120.11, after exchanging 500 shares and Trinidad Cement lost 5 cents and settled at $2.55, trading 2,555 shares.
Stocks closing firm| Calypso Macro Index Fund closed trading of 1,338 shares at $15, First Citizens closed at $36.57, after exchanging 2,670 shares, National Flour completed trading at $1.75, with 94,462 units changing hands, One Caribbean Media closed trading at $10.30, after exchanging 475 shares. Sagicor Financial ended market activity at $8.60, after exchanging 253 shares and Unilever Caribbean concluded trading at $26.30, after 10,040 shares crossed the exchange.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , ,

Blowout Avengers US numbers

April 26, 2019 by

Avengers Endgame opens island wide in Jamaica on today (Friday) at all Palace Amusement cinemas and expected to be a blockbuster movie.
Report out of the United States quotes AMC Entertainment as saying, Disney’s Avengers: Endgame will show about 58,000 times this weekend at the company’s theaters to blow away the company’s previous weekend screening record by more than 10,000 showings.
AMC has put approximately 10 million seats on sale between Thursday night’s opening and Sunday night. The Avengers movie set an all-time record for Thursday night box office sales.
“With wildly enthusiastic critic and fan reviews, interest in Avengers: Endgame has continued to grow beyond even the most optimistic projections,” notes AMC.
In Jamaica, the movie that opens today will see patrons paying approximately 8 percent more to watch it and other movies than they would earlier in the month as Palace announced increased prices for movies effective April 26. Palace last increased prices around 4 percent effective July last year.

Filed Under: At the Movies Tagged With: , ,

Dropped income & increased cost hit NCB

April 26, 2019 by

NCB reports lower profit for 2019 

A fall of $2.3 billion in foreign exchange and investment gains at NCB Financial Group (NCB) was the major factor for a fall in profit in 2019 March quarter to $5 billion from $6.4 billion in the similar period in 2018.
Revenues decline, was not the only area affecting the group’s second quarter performance as a $600 million jump in credit impairment losses and increased depreciation and amortization charge of $430 million, added even more pressure to the results.
For the six months to March, the group reports a net profit of $12.4 billion, down from $13.96 billion in 2018. The 2018 results include a gain of $4.4 billion related to the acquisition of Bermuda based Clarien Group. The amount is partially negated by a gain of $3.3 billion arising from disposal of an associated company JMMB Group, with the amount reflected in the 2019 results. Excluding the one-off transactions the results would have been $9.2 billion for the current period compared to $9.4 billion for the prior year. According to NCB, “we have made significant investments to improve our card system infrastructure, as well as to upgrade our ABM network and core banking system, to enhance and improve overall customer experience.”
Segment results were mostly positive with Retail and SME Banking climbing a healthy 25 percent, Payment Services up 20 percent, Corporate Banking jumping a huge 60 percent but Treasury and Corresponding banking was modestly down by just $12 million. Wealth & Investment banking slipped 18 percent but Life Insurance and Pensions jumped 41 percent while General Insurance leaped 155 percent and other fell 152 percent, for a loss $124 million.
The Group’s most critical area of loans and advances, grew 15 percent over 2018, to end at $384 billion, net of provision for credit losses. GHrowth in loans helped to drive net interest income up by 21 percent from $8.36 billion to $10.15 billion in the second quarter, over the similar period in 2018 and for the six months, a rise of 26 percent to $20 million from $15.9 billion. Non-performing loans amounted to $17.7 billion as at March 2019, up from $15 billion at March 2018 and represents 4.5 percent of the gross loans.
Earnings per share $2.04 for the second quarter and $5.07 for the half year. The group declared a dividend of 90 cents payable on May 27. NCB closed trading at $145 on Thursday on the Jamaica Stock Exchange and at TT$8.25 or J$165 on the Trinidad and Tobago Stock Exchange.

Filed Under: Company News, Company Results

JSE major index drops sharply – Thursday

April 25, 2019 by

Sagicor Real Estate Fund drops to new 52 weeks’ low.

Trading on the main market of the Jamaica Stock Exchange ended on Thursday with the All Jamaican Composite Index dropping 5,121.29 points to 422,118.68 and the JSE Index declining by 4,653.87 points to 384,585.80.
At the close, the main and US markets had 33 securities traded, compared to 29 on Wednesday leading to 9 advancing, 16 declining and 8 closing unchanged. Sagicor Real Estate Fund and JMMB Group 7.25% preference share closed trading at new 52 weeks’ lows of $8.66 and $1.98 respectively.
Market activity on the main market ended with 17,912,213 units valued $156,798,185 changing hands, compared to 1,662,631 units changing hands for $44,174,045, on Wednesday.
JMMB Group 7.5% preference share led trading with 12 million shares, accounting for 67 percent of total main market volume, followed by JMMB Group 7.25% preference share with 1.92 million units and 11 percent of the day’s trades and Wisynco Group with 1.47 million units for 8 percent of volume traded.
Market activity ended with an average of 597,074 units valued at over $5,226,606, in contrast to 59,380 shares valued at $1,577,644 on Wednesday. The average volume and value for the month to date amounts to 159,231 shares at $2,439,461 for each security, compared to 132,587 shares at $2,258,085 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 11 stocks ending with bids higher than their last selling prices and just 1 closing with a lower offer.
In main market activity, Berger Paints climbed $1.50 and ended trading of 499 stock units, at $21, Caribbean Cement dropped 31 cents to $63.51 with 13,399 shares changing hands, Eppley gained 30 cents trading 450 shares at $11. Jamaica Broilers climbed $1.55 in exchanging 33,169 units at $30, Jamaica Producers declined $1 to close at $22, after trading 10,388 stock units. JMMB Group  climbed $2.84 to settle at $33.45, with 31,977 units changing hands. Kingston Properties  lost 50 cents finished at $6.50, with an exchange of 4,245 stock units. Kingston Wharves  dropped $2.50 to settle at $68, with 11,754 units changing hands, Mayberry Investments  gained $1.23 in trading 13,686 shares, to close at $8.75. Sagicor Group lost $2.03 to end at $39.97 in an exchange of 81,141 shares, Sagicor Real Estate Fund  dipped $1.34 to a 52 weeks’ low of $8.66, trading just 700 shares, Salada Foods  traded 640 units and rose $1.01 to end at $31.01. Scotia Group  lost 35 cents and finished trading 264,774 shares at $50.65, Seprod lost $1 and closed at $42, trading 45,978 shares and Supreme Ventures  rose 49 cents and finished at $26.49 with an exchange 564,208 units.
Trading in the US dollar market ended with 49,022 shares trading with a value of US$4,923. Proven Investments closed at 23 US cents, with an exchange of 127 shares, Sygnus Credit Investments rose 1.3 cent and ended trading of 46,639 units at 10 US cents after losing 0.3 cent and Sterling Investments finished trading and closed at 4 US cents with 2,256 units, leaving the JSE USD Equities Index fell 0.02 points to close at 179.51.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Junior Market rises on reduced volume – Thursday

April 25, 2019 by

The Junior Market of the Jamaica Stock Exchange closed with reduced volume and value on Thursday, compared to Wednesday’s levels, but the market index gained 27.85 points to close at 2,993.36.
At the close of the market, investors exchanged 26 stocks, compared to 22 on Wednesday with prices of 9 rising, 11 declining with 6 remaining unchanged. Trading resulted in an exchange of just 690,056 units valued at $2,672,243, compared to 723,588 units valued at $2,470,037 on Wednesday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Trading ended with an average of 26,541 units for an average of $102,779 in contrast to 32,890 units for an average of $112,274 on Wednesday. The average volume and value for the month to date amounts to 86,708 units valued $310,507 and previously, 90,668 units valued $324,180 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
At the close of the market, Access Financial ended with a loss of $2.45 at $42.55, with an exchange of 500 shares, AMG Packaging fell 3 cents to $2.12, with 70,575 stock units changing hands, Blue Power concluded trading of 500 units, at $4.40. CAC 2000 finished with a loss of 76 cents at $11.24, with 1,761 shares traded, Caribbean Producers finished trading 18,510 units with a gain of 15 cents to close at $5, Derrimon Trading ended at $2.71, with an exchange of 1,400 shares, Dolphin Cove closed $1 higher at $14 in trading of 4,193 shares. Everything Fresh finished with a loss of 2 cents at $1.48, with 38,800 stock units changing hands, Elite Diagnostic settled with a loss of 4 cents at $2.93, with an exchange of 18,229 units, Express Catering ended trading of 13,114 shares and rose 89 cents to $8. FosRich Group traded 40 cents higher at $4.30, with 3,000 shares crossing the exchange, Fontana finished trading with 136,013 shares, and rose 5 cents higher to $4, General Accident closed 30 cents higher at $4.30, with an exchange of 940 stock units. iCreate closed trading at 90 cents, in exchanging 40,000 shares. Indies Pharma finished at $3.01, trading 54,588 shares, Iron Rock settled with a loss of 10 cents at $3.90, with 100 shares changing hands, Jamaican Teas  traded 5,500 units, with a loss of 40 cents at $3.60,  Jetcon Corporation  finished trading with 101,986 shares and lost 9 cents to close at $2.40. Knutsford Express  concluded trading 20 cents higher at $12.50, with 2,262 stock units, Lasco Distributors  finished with a loss of 3 cents at $3.60, with 5,150 units, Lasco Financial settled at $4, with 1,020 shares, Lasco Manufacturing ended trading with a loss of 4 cents at $3.16, with 2,350 shares. Main Event traded 46 cents higher at $5.85, with 7,042 shares, SSL Venture Capital ended with a loss of 6 cents at $1.54, with 17,203 shares, Stationery and Office concluded trading 50 cents higher at $7.50, with 117,355 shares and tTech settled at $5, with 27,965 stock units.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

8 stocks rise on TTSE – Thursday

April 25, 2019 by

Trinidad & Tobago Stock Exchange Head Quarters

Market activity on the Trinidad & Tobago Stock Exchange ended on Thursday with trading in 19 securities against 15 on Wednesday, with 8 advancing, 4 declining and 7 remaining unchanged.
At close of the market, the Composite Index gained 3.03 points to 1,330.12. The All T&T Index rose 6.38 points to 1,773.09, while the Cross Listed Index declined 0.06 points to close at 119.66.
Trading ended with 374,972 shares at a value of $1,581,389, compared to 341,753 shares traded on Wednesday, valued at $5,640,590.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended at 7 stocks with bids higher than their last selling prices and 1 with a lower offer.
Stocks ending with gains| At the close of the market, Ansa Mcal rose 70 cents and completed trading of just 17 units at $55.94, Ansa Merchant Bank added $1, in settling at $38, after exchanging a mere 25 shares, Calypso Macro Index Fund gained 49 cents trading 1,242 shares, to close at $15. Clico Investments added 3 cents to end at $22.53, with 10,467 stock units changing hands, Guardian Holdings increased 80 cents while trading 3,555 units at $18.80, Massy Holdings rose 5 cents to $54.05, after exchanging 89 shares. NCB Financial Group closed with a gain of 3 cents at $8.28, exchanging 125 shares and Trinidad & Tobago NGL gained 1 cent and completed trading of 3,086 units at $29.41.
Stocks closing with losses| First Citizens fell 1 cent to $36.57, after exchanging 5,613 shares, JMMB Group shed 5 cents to $1.70, after trading 272,895 shares, National Enterprises lost 5 cents and ended at $7.20, with 5,000 stock units changing hands and Sagicor Financial ended trading 1 cent lower at $8.60, while exchanging 3,405 shares.
Stocks closing firm| Gaurdian Media closed at $14.80, after trading 675 shares, Grace Kennedy ended at $3.35, with 5,790 stock units changing hands, National Flour completed trading of 55,738 units at $1.75, One Caribbean Media ended at $10.30, after an exchange of 3,543 shares. Republic Financial Holdings settled at $120.12, after 1,264 shares crossed the exchange, Scotiabank ended at $62.50, with 1,255 stock units changing hands and Unilever Caribbean ended at $26.30, after exchanging 1,188 shares.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , , , , ,

JSE main market index drops – Wednesday

April 24, 2019 by

JSE failed to have errors corrected in audited accounts.

Trading main market of the Jamaica Stock Exchange ended on Wednesday with the All Jamaican Composite Index falling 951.43 points to 427,239.97 and the JSE Index declining by 864.60 points to 389,239.67.
Market activity on the main market of the Jamaica Stock Exchange remained subdued with just 1,662,631 units changing hands for $44,174,045, compared to 1,509,697 units changing hands for $34,816,059, on Tuesday.
At the close, the main and US markets had 29 securities traded, compared to 31 on Tuesday leading to 13 advancing, 10 declining and 6 closing unchanged.
Wisynco Group led trading with a mere 307,966 shares, accounting for 19 percent of total main market volume, followed by Grace Kennedy with 261,323 units and 16 percent of the day’s trades and Radio Jamaica with 162,904 units for 10 percent of volume traded.
Market activity ended with an average of 59,380 units valued $1,577,644 for each security traded, in contrast to 53,918 shares valued at $1,243,431 on Tuesday. The average volume and value for the month to date amounts to 132,587 shares at $2,258,085 for each security, compared to 136,995 shares at $2,302,086 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 12 stocks ending with bids higher than their last selling prices and just 3 closing with lower offers.
In main market activity, Barita Investments climbed $3.90 to close at $42.90, with an exchange of 1,010 shares, Caribbean Cement dropped 18 cents to $63.82 with 21,900 shares changing hands, Jamaica Producers rose $2 to close at $23, after trading 48,463 stock units. JMMB Group shed 89 cents to settle at $30.61, with 46,720 units changing hands. Kingston Wharves jumped $2.50 to settle at $70.50, with 4,918 units, Mayberry Investments lost 48 cents in trading 27,925 shares, to close at $8, Mayberry Jamaican Equities fell 80 cents with 24,658 units trading, to close at $9.20. Sagicor Group lost $2.53 to end at $42 in an exchange of 31,029 shares. Sagicor Real Estate Fund dipped 50 cents to $10, trading 7,800 shares, Scotia Group rose 50 cents and finished trading 8,852 shares at $51, Seprod gained $1 and closed at $43, trading 31,674 shares. Supreme Ventures lost 45 cents and finished at $26, with an exchange 109,581 units and Wisynco Group  rose 25 cents and ended trading 307,966 shares at $11.99.
Trading in the US dollar market ended with 5,513 shares trading with a value of US$568. Sygnus Credit Investments rose 1.3 cent and ended trading of 5,513 units at 10.3 US cents. The JSE USD Equities Index advanced 1.22 points to close at 179.53.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , ,