Trading on the Main Market of the Jamaica Stock Exchange resulted in moderate gains in the two primary market indices on Tuesday as advancing stocks subdued decliners with a surge of cash passing through the market.
The market closed, with 42 securities changing hands in the Main and US dollar markets, with 17 advancing, 10 declining and the prices of 15 stocks closed unchanged. JSE Main Market activity ended, with 39 securities accounting for 35,380,225 units valued at $722,803,611, in contrast to 15,783,620 units for a consideration of $75,868,402 on Monday, from 39 securities changing hands.
At the close of trading, the JSE All Jamaican Composite Index rose 992.44 points to 555,865.17, the JSE Market Index climbed 908.94 points to close at 505,948.81 and the JSE Financial Index fell 0.21 points to 136.57.
Wigton Windfarm dominated trading, with 9 million shares and 25.5 percent of volumes traded followed by Scotia Group with 5.4 million units for 15 percent of the day’s trade and Sagicor Select Manufacturing and Distribution fund rounding out the top three with 4.6 million shares for 13 percent market share.
The market closed, with an average of 907,185 units valued at an average of $18,533,426 for each security traded, in contrast to 404,708 units valued at an average of $1,945,344 on Tuesday. The average volume and value for the month to date amounts to 509,598 units for $9,478,232 and previously, an average of 485,179 units for $8,886,686 for each security changing hands. The market closed out November, with an average of 653,621 units valued at $8,699,916 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending, with bids higher than their last selling prices and two closed, with lower offers. The PE ratio of the market ended at 19.4, with the Main Market ending at 19 times the current year’s earnings.
In the premier market, Barita Investments lost 62 cents to settle at $71.02, with 6,925 shares changing hands, Caribbean Cement jumped $1.48 to $78.98 in transferring of 5,901 stock units, Grace Kennedy gained $1.30 to end at $69.50, after exchanging 1,455,867 shares, Kingston Wharves gained 59 cents to end at $61.60 with 1,495 stock units trading. Mayberry Jamaican Equities gained 39 cents to end at $13.14, with 1,020,626 stock units trading, MPC Caribbean jumped $15 to close at $210 to end at $210 with an exchange of 100 stock units, PanJam Investment fell 90 cents to end at $100.10, with 64,578 shares crossing the exchange.
Proven Investments dropped $4 to land at $50 while trading 4,696 stock units, Sagicor Group lost 99 cents to $69 with 193,572 shares changing hands. Seprod jumped $3 in exchanging 2,931,938 shares to close at $51.50, Sterling Investments added 39 cents to close at $3.34 with an exchange of 10,000 stock units, Supreme Ventures added 560cents to end at $2550., while trading 58,057 shares and Wisynco Group lost 95 cents to $23.50, with 133,370 shares changing hands.
Trading in the US dollar market closed with 288,675 units amounting to $43,882, with the market index adding 2.71 points to close at 223.51. Productive Business Solutions traded 500 shares to close 1 cent higher at 64 US cents, Proven Investments had 18,304 shares changing hands to end at 32 US cents and Sygnus Credit Investments traded 261,871 stock units to close at 14 US cents.
Archives for December 2019
Big jump for Junior Market trading
MailPac drops 24 to close at $1.98.traded 71 million shares to dominate Junior Market trading.
MailPac traded 71,133,534 shares, accounting for $141,918,929 and pushed trading in the Junior Market to 75,841,257 for $156,402,048 at the close of trading on Tuesday as 32 securities changed hands.
Tuesday’s trading was 931 percent higher in volume than the exchange of 7,356,027 units carrying a value 333 percent higher than the $36,156,183, from 33 securities changing hands on Monday.
The Junior Market Index rose 38.27 points to end at 3,311.64 points on Tuesday, after the prices of 11 stocks rose 12 declined and 9 remained unchanged, leaving the average PE at 14.3.
Trading ended with an average of 2,370,039 units for $4,887,564 for each stock traded, in contrast to 216,354 units for a $1,063,417 on Monday. The average volume and value for the month to date amounts to 559,861 shares at $1,177,902 compared to an average of 436,088 shares at $1,137,925 for each security traded. 
In contrast, November closed with an average of 120,579 shares at $506,880 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investors Choice bid-offer indicator reading shows seven stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial lost $1 in trading 3,134 shares to close at $31, AMG Packaging added 2 cents to close at $2.10 with a mere 100 units changing hands, Blue Power exchanged 222 stock units, after losing 8 cents to end at $5.50. Caribbean Cream traded 321,508 shares and gained 18 cents to close at $4.28, Caribbean Producers added 3 cents to finish at $4.85 while exchanging 500 stock units, Consolidated Bakeries exchanged 550,260 shares after gaining 18 cents to end at $1.70, Elite Diagnostic traded 340,500 units and slipped 12 cents to end at $4.93. Express Catering jumped $1.40 in exchanging 40,200 shares to close at $7.50, Fontana rose 60 cents to close at $7 with 337,160 crossing the exchange. FosRich added 25 cents to settle at $4.25 while trading 49,039 stock units, GWest fell 20 cents to close at 86 cents with 205,100 stock units changing hands, iCreate gained 1 cent to end at 71 cents in trading 109,000 shares. Jetcon Corporation lost 20 cents while trading 300,821 units at $1.60. Key Insurance lost 10 cents with 1,000 units changing hands at $3.20, 
Knutsford Express exchanged 33,258 shares and declined 30 cents to end at $9.30, Lasco Distributors dropped 38 cents with 275,192 shares crossing the exchange to close at $3.101, Lasco Financial traded 20,660 stock units and gained 45 cents in closing at $3.90. Limners & Bards lost 5 cents in exchanging 113,993 stock units at $3, Lumber Depot lost 7 cents to close at $1.83 with 1,720,435 units crossing the exchange, MailPac rose 10 cents to settle at $2.30 while exchanging 71 million shares. Main Event traded 2,455 units but fell 5 cents to $6.15, Paramount Trading climbed 20 cents to close at $2 with 18,465 shares crossing the market, Stationery & Office Supplies rose 60 cents with just 1,001 units changing hands at $10.50 and tTech traded 3,785 shares but lost 45 cents to $5.50.
Prices of securities trading for the day are those at which the last trade took place.
TTSE indices close mixed
The All Trinidad & Tobago Stock Exchange index closed down on Tuesday, but the Composite Index climbed to a new yearly high, ahead of the close of the market for the Christmas holidays.
Trading ended with 12 securities changing hands, against 17 on Monday, with just three rising advancing, three declining while six closed with unchanged prices, as 125,924 shares traded at $913,114, compared to 363,353 shares changing hands for $8,102,591 on Monday.
At the close of the market, the Composite Index added 9.87 points on to 1,480.36. The All T&T Index declined 3.64 points to 1,860.60 while the Cross Listed Index rose 3.21 points to close at 149.08.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of six stocks higher than their last selling prices and just two with lower offers.
Gains| NCB Financial gained 44 cents to close at $11.29, with 41 stock units changing hands, Trinidad & Tobago NGL gained 25 cents with 8,708 shares changing hands at $23 after trading at a low of $22 and West Indian Tobacco added 1 cent and settled at $42.01, with ten stock units changing hands.
Losses| Ansa McAl closed with a loss of 19 cents at $55, with 5,000 units, CinemaOne closed 30 cents lower at a new low of $6.50, with 3,353 stock units changing hands and Guardian Holdings declined 50 cents trading 951 shares at $21.50.
Firm Trades| First Caribbean International Bank traded 572 units at $8, First Citizens Bank completed trading of 1,382 shares at $44.75, JMMB Group closed at $2.75, after exchanging 102,762 shares. L.J Williams ended at $1.69, with 2,035 stock units changing hands, One Caribbean Media closed at $8.50, with investors trading 796 shares and Republic Financial settled at $131 in trading 314 shares.
Prices of securities trading are those at which the last trade took place.
Junior Market drops 139 points in 5 days
The Junior Market Index declined again at the close of trading on Monday, bringing the four days’ fall to 139 points, cutting the year to date gains for the market at a mere 0.8 percent after hitting a record on August 14 when it was up 12.8 percent to 3,662.94 points.
The Junior Market Index fell by 22.30 points to close at 3,273.19 on Monday after the prices of 16 stocks rose 10 declined and 8 remained unchanged, leaving the average PE at 14.1.
Trading ended with 33 securities changing hands, resulting in an exchange of 7,356,027 units valued at $36,156,183 compared to 9,461,484 units valued at $22,625,047, from stocks of 31 companies changing hands on Friday.
Trading ended with an average of 216,354 units for $1,063,417 for each stock traded, in contrast to 305,209 units at $649,428 on Friday. The average volume and value for the month to date amounts to 436,088 shares at $1,137,925 compared to an average of 453,305 shares at $1,143,762 for each security traded. In contrast, November closed with an average of 120,579 shares at $506,880 for each security.
IC bid-offer Indicator| At the end of trading, the Investors Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and five with lower offers.
At the close of the market, AMG Packaging lost 22 cents to close at $2.08 with 3,030,679 units changing hands, Blue Power exchanged 2,000 stock units, after rising 8 cents to end at $5.58, Caribbean Flavour traded 721,286 shares and lost $2 to close at $13. Caribbean Producers added 2 cents to finish at $4.82 while 2,000 stock units crossed the exchange, Dolphin Cove rose 1 cent to end at $11.11 with 4,000 units crossing the exchange, Elite Diagnostic traded 13,839 units and gained 13 cents to end at $5.05. Everything Fresh rose 3 cents to close at $1.10 after exchanging 10,200 stock units, Express Catering rose 10 cents in trading 34,771 shares to close at $6.10, Fontana lost 30 cents to close at $6.40 with 90,161 crossed the exchange. FosRich added 10 cents to settle at $4 while trading 4,184 stock units, General Accident fell 38 cents to close at $7.10 with 27,400 stock units changing hands, Honey Bun dropped 99 cents after exchanging 38,287 units at $7.40, iCreate slipped 1 cent to end at 70 cents in trading 43,684 shares. Indies Pharma gained 1 cent while trading 11,456 units at $2.91, Jamaican Teas gained 5 cents with 55,955 units changing hands at $6.30, Knutsford Express exchanged 5,374 shares with a rise of 38 cents to end at $9.60, Lasco Distributors added 9 cents with 32,654 shares crossing the exchange to close at $3.49. 
Lasco Financial traded 26,465 stock units and gained 35 cents in closing at $4.35, Lasco Manufacturing exchanged 7,935 shares and fell 15 cents to close at $4.75, Lumber Depot lost a cent to close at $1.90 with 1,392,924 units crossing the exchange, MailPac rose 7 cents to settle at $2.20 while exchanging 589,347 shares. Main Event traded 2,455 units but fell 5 cents to $6.15, Paramount Trading climbed 24 cents to close at $1.80 with 4,817 shares crossing the market, SSL Venture Capital rose 1 cent in exchanging 10,000 stock units at $1.11. Stationery & Office Supplies lost 49 cents with 32,356 units changing hands at $10.50 and tTech traded just six shares but rose 45 cents to end at $5.95.
Prices of securities trading for the day are those at which the last trade took place.
Moderate gains for JSE Main Market
Trading on the Main Market of the Jamaica Stock Exchange resulted in moderate gains for the two primary market indices on Monday as rising stocks edged out decliners after trading declined again following a sharp drop on Friday.
At the close of trading, the JSE All Jamaican Composite Index gained 930.77 points to 554,872.73, the JSE Market Index added 798.17 points to close at 505,039.87 and the JSE Financial Index dropped 1.19 points to 136.78.
The market closed, with 43 securities changing hands in the Main and US dollar markets, with 18 advancing, 16 declining and the prices of 9 stocks closed unchanged. JSE Main Market activity ended, with 39 securities accounting for 15,783,620 units for a consideration of $75,868,401.70, in contrast to 37,939,404 units with a consideration of $92,284,016, on Friday, from 41 securities changing hands.
Sagicor Select – Financial fund was the market leader with 3.7 million shares and 3 percent of the volume traded, closely followed by Sagicor Select – Manufacturing and Distribution fund with 3.5million shares and 22 percent of the day’s trade. JMMB Group rounded out the top three with 3.1 million units and 19 percent of the market share.
The market closed, with an average of 404,708 units valued at an average of $1,945,344 for each security traded, in contrast to 925,351 units at $2,250,830 on Monday. The average volume and value for the month to date amounts to 485,179 units for $8,886,686 and previously, an average of 490,445 units for $9,371,834 for each security changing hands. The market closed out November, with an average of 653,621 units valued at $8,699,916 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 11 stocks ending, with bids higher than their last selling prices and two closed, with lower offers. The PE ratio of the market ended at 19.2, with the Main Market ending at 18.8 times the current year’s earnings.
In the JSE Main Market, Caribbean Cement jumped $2.50 to end at $77.50 with a transfer of 2,410 stock units, Eppley Caribbean Property Fund traded 1,070 units and rose 95 cents to close at $32, Grace Kennedy lost 80 cents to end at $68.20, after exchanging 2,050 shares. Jamaica Producers gained $1 to end at $24.50 with 55,9161 stock units trading, JMMB Group fell 65 cents to settle at $47.15, with 85,373 shares changing hands, units. Mayberry Jamaican Equities gained 75 cents to end at $12.75, with 15,000 stock units trading, MPC Caribbean dived $36 to end at $195 with an exchange of 627 stock units, NCB Financial Group declined by $2 to close at $201, in swapping 74,987 shares. 
PanJam Investment fell 99 cents to end at $101, with 17,366 shares crossing the exchange, Proven Investments dropped $4 to land at $50 while trading 4,696 stock units, Sagicor Group jumped $3.99 to $69.99 with 25,664 shares changing hands. Sagicor Real Estate Fund gained $1.20 to $10 with 36,350 shares, Scotia Group gained $1.50 to end at $55.50, in transferring 339,093 shares, Seprod lost $1.50 in trading 53,370 units to close at $48.50 and Supreme Ventures shed 56 cents to end at $25 while trading 24,197 stock units.
Trading in the US dollar market closed with 459,916 units amounting to $158,311, with the market index losing 1.33 points to close at 220.80. Productive Business Solution traded 60 shares to end at 63 US cents, a decline of 2 cents, Proven Investments lost 2 cents after exchanging 363,839 shares to close at 32 US cents, Sygnus Credit Investments exchanged 81,017 stock units, to close at 14 US cents and JMMB Group 5.5% preference share traded 15,000 units at US$2.02.
All TTSE index jumps sharply on Monday
Massy traded at a 52 weeks’ high on Monday.
The All Trinidad & Tobago Stock Exchange index closed sharply higher on Monday, with sizable price changes for some stocks, including one trading at 52 weeks’ high.
Trading ended with 17 securities changing hands, against 16 on Friday, with just seven advancing, three declining while seven remained unchanged as 363,353 shares traded at $8,102,591, compared to 306,927 shares for $2,734,005 on Friday.
At the close of the market, the Composite Index added 2.01 points to end at 1,470.49. The All T&T Index jumped 28.04 points to 1,864.24, while the Cross Listed Index shed 3.32 points to close at 145.87.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than their last selling prices and just one with a lower offer.
Gains| Ansa McAl jumped $5.19 to $55.19, with trading in 21,765 stock units, Guardian Holdings rose 50 cents and ended at $22, with 58,454 stock units changing hands, Massy Holdings gained 30 cents and closed at a 52 weeks’ high of $60, with investors exchanging 17,836 shares. National Enterprises rose 21 cents to close at $5.76, after trading 101 stock units, National Flour added 1 cent and ended at $1.31, with 2,000 shares crossing the exchange. Scotiabank surged $1.10 to $61, after swapping 1,758 shares and Trinidad & Tobago NGL gained 25 cents with 128,032 shares changing hands at $22.75.
Losses| JMMB Group dropped 6 cents to settle at $2.75, with 40,465 units crossing the exchange, 
NCB Financial fell 5 cents and closed at $10.85, with 72,345 units changing hands and Republic Financial ended trading 5 cents lower at $131, after swapping 3,686 shares.
Firm Trades| Agostinis’ exchanged 300 shares at $24, Angostura Holdings ended at $16.20, with 990 stock units changing hands, First Caribbean International Bank traded 600 units at $8, First Citizens Bank completed trading at of just six stock units at $44.75. West Indian Tobacco settled at $42, with 3,155 units trading, Trinidad Cement concluded at $1.95, with 11,800 stock units changing hands and Unilever Caribbean completed trading at $23, with the swapping of 60 shares.
Prices of securities trading are those at which the last trade took place.
Sygnus US$ stock hits IC TOP 10
The JSE Main Market TOP 10 had just stock leaving with Sygnus Credit Investments Jamaican dollar listing replaced by the US dollar listed stock, with the price of the latter at 14 US cents or just under J$19 equivalent.
The Sygnus Jamaican quoted stock climbed to a record high of $30 on Friday, but ended at a record closing high of $27 at the end of trading and moved down to 12th spot in the overall market ranking.
The recently listed Lumber Depot closed trading at $1.91 on Friday and moved out of the TOP Junior Market listing. Also, leaving the TOP 10 was Honey Bun, with the price rising to $8.39 with a limited supply of the stock.
Coming into the Junior Market listing, are Lasco Distributors and Paramount Trading as investors beat down their prices.
The targeted PE ratio is now 25, with several stocks trading at that level or around 22 currently. The average projected gains for the IC TOP 10 stocks are 179 percent for Junior Market and 154 percent for JSE Main market Top 10 shares.
The top three Junior Market stocks currently are the Main Event with projected gains of 243 percent, followed by Medical Disposables with a potential increase of 238 percent and Jamaican Teas with 220 percent likely capital growth.
Radio Jamaica still holds on to the lead for Main Market stocks, with an expected increase of 236 percent, followed by Pulse Investments in the number two spot with projected growth of 205 percent and Sygnus US dollar-denominated stock with likely gains of 186 percent, is next.
The JSE Main Market closed the week, with an overall PE of 20.6 and the Junior Market at 14.3, based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 9.1 with the Main Market PE at 10.1.
The TOP 10 stocks now trade at a discount of 36 percent of the average for Junior Market stocks and the Main Market stocks trade at a discount of 51 percent to the overall market.
IC TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, along with the PE ratio for each company’s current fiscal year, are used in determining potential gains with the likely gains ranked in descending order with highest-ranked being the most attractive. Forecasted values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
This report is compiled by persons who may have an interest in securities included in the commentary.
JSE Main Market pulls back – Friday
Proven Investments closed at a 52 weeks’ high of J$54.
Trading on the Main Market of the Jamaica Stock Exchange resulted in declines in the two primary market indices on Friday as rising stocks edged out decliners after volume of shares traded rose sharply at just over half of the value that exchanged on Thursday.
At the close of trading, the JSE All Jamaican Composite Index dropped 3,190.45 points to end at 553,941.96, the JSE Market Index lost 2,824.34 points to close at 504,241.70 and the JSE Financial Index declined by 0.43 points to finish at 136.97.
The market closed, with 43 securities changing hands in the Main and US dollar markets, with 18 advancing, 16 declining and the prices of 9 stocks closed unchanged. JSE Main Market activity ended, with 39 securities accounting for 37,939,404 units with a consideration of $92,284,016, in contrast to 22,307,168 units amounting to $166,924,750, on Thursday, from 38 securities changing hands.
Wigton Windfarm returned to dominate trading, with 17.8 million shares and 50 percent of volumes traded followed by Sagicor Select – Manufacturing and Distribution fund with 10 million units for 26.4 percent of the day’s trade and Sagicor Select – Financial Fund with 6.2 million shares for 16.4 percent market share.
The market closed, with an average of 925,351 units at $2,250,830 for each security traded, in contrast to 587,031 units at $4,392,757 on Thursday. The average volume and value for the month to date amounts to 490,445 units for $9,371,834 and previously, an average of 458,316 units for $9,936,556 for each security changing hands. The market closed out November, with an average of 653,621 units valued at $8,699,916 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ending, with bids higher than their last selling prices and one closed, with a lower offer. The PE ratio of the market ended at 19.1, with the Main Market ending at 18.7 times the current year’s earnings.
In the premier market, Caribbean Cement declined by $2.50 to end at $75 with a transfer of 30,265 stock units, Carreras lost 22 cents to end at $8.17, in trading 78,931 stock units. Grace Kennedy climbed $4.50 to end at $69, trading 12,262 shares, JMMB Group gained 77 cents to settle at $47.80 with 189,281 shares changing hands, Kingston Wharves dropped $1.50 to settle at $61, in trading 1,518 units. Mayberry Jamaican Equities fell by $2 to end at $12, with 36,200 stock units trading, MPC Caribbean jumped $29 to end at $231 with an exchange of 175 stock units, NCB Financial Group advanced by 60 cents to close at $203, in swapping 86,379 shares. PanJam Investment rose 99 cents to end at $101.99, with 35,128 shares crossing the exchange, Proven Investments jumped $5 to land at a record high of $54 while trading 3,466 stock units, Pulse Investments had 29,041 changing hands and lost 40 cents to close at $4.10. 
Sagicor Group dropped $2 to $66 with 17,851 shares changing hands, Salada Foods traded just 18 shares after rising 95 cents to end at $30.95, Scotia Group lost 70 cents to end at $54, in transferring 29,645 shares. Seprod recovered the $2 lost on Thursday in trading 12,567 stock units to close at $50, Sygnus Credit Investments put on $1.87 to close at $27, with 72,065 units crossing the market and Wisynco Group rose 20 cents to $24.30, with 54,141 shares changing hands.
Trading in the US dollar market closed, with 364,656 units amounting to $111,725 units, with the market index falling 7.54 points to close at 222.13. Proven Investments traded 336,610 shares to close at 34 US cents and Sygnus Credit Investments exchanged 28,046 stock units to close at 14 US cents.
Junior Market 117 points 4 days drop
The Junior Market index fell 41.91 points to close at 3,295.49 on Friday, bringing the four days’ fall to 117 points after 12 stocks rose and 14 declined and seven remained unchanged, leaving the average PE at 14.1.
Trading ended with 31 securities changing hands, resulting in an exchange of 9,461,484 units valued at $22,625,047, compared to 18,009,222 units valued at $76,135,643 from 33 securities changing hands on Thursday.
Trading ended with an average of 305,209 units at $649,428 for each stock traded, in contrast to 545,734 units at $2,307,141 on Thursday. The average volume and value for the month to date amounts to 453,305 shares at $1,143,762 compared to an average of 464,683 shares at $1,181,788 for each security traded. In contrast, November closed with an average of 120,579 shares at $506,880 for each security sold.
IC bid-offer Indicator| At the end of trading, the Investors Choice bid-offer indicator reading shows three stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial gained $1 to close at $32 after exchanging 2,030 shares, AMG Packaging rose 20 cents to close at $2.30 with 5,541 units changing hands, 
Blue Power traded 2,710 stock units, after falling 35 cents to end at $5.50. CAC 2000 climbed $1 to close at $14 with 5,265 shares changing hands, Consolidated Bakeries shed 28 cents trading 4,720 units at $1.52, Dolphin Cove rose $1.60 to end at $11.10 with 2,694 units crossing the exchange, Elite Diagnostic transferred 78,000 units and fell 17 cents to end at $4.92. Everything Fresh lost 3 cents to close at $1.07 after exchanging 72,065 stock units, Express Catering lost 50 cents in trading 94,715 shares to close at $6, FosRich shed 20 cents to settle at $3.90 with 49,393 stock units changing hands, General Accident rose 8 cents to close at $7.48 after 35,281 stock units crossed the exchange. GWest Corporation traded 650 units and rose 23 cents to close at $1.06, Honey Bun gained 39 cents after exchanging 13,083 units at $8.39, iCreate gained 3 cents to end at 71 cents in trading 32,474 shares, Indies Pharma increased 30 cents while trading 159,619 units at $2.90. 
Jamaican Teas gained 15 cents with 12,500 units changing hands at $6.25, Knutsford Express exchanged 1,458 shares with a loss of 78 cents to end at $9.22, Lasco Distributors added 40 cents with 137,307 shares crossing the exchange at $3.40, Lasco Financial traded 18,864 stock units and lost 40 cents in closing at $4. Lasco Manufacturing exchanged 12,995 shares and fell 10 cents to close at $4.90, Limners & Bards pulled back 5 cents to close at $3.05 with 24,518 units crossing the exchange, MailPac slipped 5 cents to settle at $2.13 while exchanging 3,776,578 shares. Main Event traded 17,308 units but fell 30 cents to $6.20, Medical Disposables gained 25 cents to $7.40 with 8,821 shares crossing the market and Stationery & Office Supplies loss 1 cent with 1,036 units changing hands at $10.99.
Prices of securities trading for the day are those at which the last trade took place.
TTSE indices slip again
Republic Bank traded at 52 weeks high on Friday.
The Trinidad & Tobago Stock Exchange indices closed lower on Friday, with an equal number of stocks rising as falling including two stocks trading at 52 weeks’ high and one at a 52 weeks’ low.
Trading ended with 16 securities changing hands, against 17 on Thursday, with just four advancing, four declining while eight remained unchanged as 306,927 shares traded for $2,734,005, compared to 334,319 shares for $2,569,200 on Thursday.
At the close of the market, the Composite Index lost 3.47 points to close at 1,468.48. The All T&T Index fell by 2.26 points to 1,836.20, while the Cross Listed Index slipped 0.64 points to 149.19.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of seven stocks higher than their last selling prices and just one with a lower offer.
Gains| First Citizens Bank ended at $44.75, with the trading of 1,100 units, Grace Kennedy rose 2 cents to close at $4, with 28,325 stock units changing hands. Republic Financial rose 5 cents and completed trading at 52 weeks’ high of $131.05, with 700 units crossing the exchange and L.J Williams rose 19 cents and settled at 52 weeks’ high of $1.69, with 1,140 stock units changing hands.
Losses| Massy Holdings fell 5 cents and closed at $59.70, with just 15 units crossing the exchange, National Flour closed with a loss of 5 cents at a 52 weeks’ low of $1.30, with investors exchanging 16,660 shares. NCB Financial dropped 45 cents and settled at $10.90, with 124,465 stock units changing hands and Scotiabank closed with a loss of 10 cents at $59.90, after swapping of 49 shares.
Firm Trades| Clico Investment Fund ended at $27.25, with 6,637 units crossing the exchange, Guardian Holdings settled at $21.50, with 5,278 stock units changing hands, JMMB Group completed trading at $2.81, with investors exchanging 13,300 shares. National Enterprises settled at $5.55, with the trading of 99,834 units, One Caribbean Media settled at $8.50, after exchanging 4,473 shares, Trinidad & Tobago NGL traded 4,132 shares at $22.50, West Indian Tobacco closed at $42, swapping 744 shares and Unilever Caribbean ended at $23, with 75 units traded.
Prices of securities trading are those at which the last trade took place.
