Archives for January 2020

JSE Junior Market down 7% in January

January 28, 2020 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange continues to struggle on Tuesday with 25.98 points slashed off the close of the index on Monday and is down 7.1 percent for the year to date to close on Tuesday at 3,111.04.
The market closed with 33 securities changing hands, with the prices of 9 securities advanced, 18 declined and 8 remained unchanged, resulting in an exchange of 2,469,369 units valued at $7,388,636, compared to 2,881,585 units valued at $9,881,495 from 33 securities on Monday.
Trading ended with an average of 70,553 units at $211,104 for each security traded, in contrast to 87,321 units for an average of $299,439 on Monday. The average volume and value for the month to date amounts to 151,001 units at $551,762 and previously 150,098 units valued at $541,417 for each security. In contrast, December closed with an average of 521,319 shares at $1,344,719 for each security traded. The average PE Ratio of the market ended at 13.2 based on earnings for 2019.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial rose 5 cents and exchanged 100 shares at $30.31, AMG Packaging moved 2 cents higher to $2.10, with 10,964 stock units trading, Blue Power dipped 10 cents in trading of 48,495 units at $4. Caribbean Cream declined by 10 cents to settle at $3.65, with an exchange of 23,084 units, Caribbean Producers dropped 20 cents in trading 40,319 units to settle at $4.80, Consolidated Bakeries closed trading of 19,740 units and gained 6 cents to end at $1.69. Derrimon Trading finished with a gain of 5 cents at $2.25 after exchanging 3,400 units, Express Catering fell 5 cents in trading of 48,103 units at $6.10, Fontana shed 4 cents with 32,665 units changing hands at $7.05. General Accident dipped 30 cents to settle at $6 with 12,906 units crossing the exchange, GWest Corporation gained 7 cents to end at $1.12 with 27,000 units trading, Honey Bun closed with a loss of $1.40 at $7.30, in swapping 61,161 shares. iCreate gained 1 cent to settle at 80 cents, with 127,613 stock units trading, Indies Pharma closed 13 cents higher at $3.05, with 35,502 stock units crossing the exchange, Jetcon Corporation lost 15 cents in trading 14,490 shares to close at $1.50. Knutsford Express ended 45 cents higher to $10, with 1,760 stock units trading, Lasco Distributors closed trading of 15,646 units and gained 2 cents to end at $3.15, Lasco Financial fell 7 cents in trading of 393,791 units at $3.88. Lasco Manufacturing shed 25 cents in trading of 2,182 units at $4.25, Limners and Bards finished with a loss of 1 cent at $2.89 with 105,176 stock units changing hands, Lumber Depot ended market activity exchanging 146,262 shares to close at $1.51 after falling 8 cents. MailPac Group lost 17 cents in trading 1,016,266 shares to close at $1.96, Main Event shed 20 cents trading of 6,400 units at $5.80, Medical Disposables declined by 30 cents after exchanging 37,700 units at $6.70. Paramount Trading closed with a loss of 5 cents at $1.70, in swapping of 490 shares, Stationery and Office Supplies fell 98 cents in trading of 11,200 units at $9.02 and SSL Venture lost 2 cents to end at $1.08 with 3,532 shares 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: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Key Insurance, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

6,000 points JSE all Jamaica Index slash

January 28, 2020 by IC Insider.com

The Main Market of the Jamaica Stock Exchange declined sharply at the close of trading on Tuesday, knocking over 6,000 points from the market, as one stock each closed at a 52 weeks’ high and low.
At the close, the JSE All Jamaican Composite Index dropped 6,294.13 points to close at 541,646.77, the JSE Market Index dived 5,702.93 points to 493,316.21 and the JSE Financial Index lost 1.10 points to 134.52.
The market closed with 45 securities changing hands in the Main and US dollar markets with the prices of 10 advancing, 24 declining and 5 trading firm. The JSE Main Market activity ended with 37 securities accounting 59,431,667 units valued at $248,389,025 in contrast to 36,855,891 units valued at $103,713,861 from 42 securities on Monday.
Sagicor Select Financial Fund dominated trading with 40.9 million shares, for 69 percent of total volume. Wigton Windfarm followed with 8.9 million units for 15 percent of the day’s trade and QWI Investments with 2.1 million shares for 3.6 percent of the market’s volume as it closed at an all-time low of 89 cents. Stocks trading more than one million units were Carreras with 1 million shares, Grace Kennedy with 1 million, JMMB Group with 1.5 million and Sagicor Select Manufacturing and Distribution Fund with 1.9 million.
The Market closed with an average of 1,606,261 units valued at an average of $6,713,217 for each security traded, in contrast to 877,521 units valued at an average of $2,469,378 on Monday. The average volume and value for the month to date amounts to 626,463 units valued at $3,287,493 for each security changing hands, compared to 579,074 units valued at $3,112,683 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows ten stocks ending with bids higher than their last selling prices and two closing with lower offers. The PE ratio of the market ended at 19.6, while the Main Market ended at 18.9 times the 2019 earnings.
In the prime market, Barita Investments lost 50 cents to close at $70.50 after trading 14,125 units, Carreras dropped 64 cents lower to a 52 weeks’ low of $7.50, with an exchange of 1,016,361 shares, Grace Kennedy tumbled $7.50 to $70, in swapping 1,003,358 shares. Jamaica Broilers closed $2 lower to $35 after transferring 141,357 shares, Jamaica Producers dropped $1.01 to end at $25, with 42,437 units changing hands. JMMB Group lost 50 cents, trading 1,464,220 shares to close at $47. Kingston Wharves climbed $5 to $66, in swapping 2,745 units, Mayberry Jamaican Equities ended at $11.50, after losing 40 cents and transferring 1,252 units. MPC Caribbean Clean Energy lost $1 to settle at $230, with and exchange of 230 units, NCB Financial Group, lost $3.60 and ended at $185.90 after trading 31,257 shares. PanJam Investment gained $1 to end at $102, with 33,318 units changing hands, Portland JSX added 50 cents to finish at a 52 weeks’ high of $9.50, in swapping 23,255 units, Proven Investments closed $1 higher to $49, in an exchange of 3,299 shares, Sagicor Group lost 99 cents to close at $70 trading 145,285 shares. Scotia Group settled at $56.10, after losing 88 cents in exchanging 16,726 shares, Seprod dropped $3 trading 4,200 shares and ended at $46, Supreme Ventures closed $1.99 lower to $21.01, with 81,460 units changing hands. Sygnus Credit Investments lost $1.50 to close at $25, in transferring 62,072 shares, Victoria Mutual Investments ended $1.29 lower to $11.52, trading 414,870 units and Wisynco Group gained 85 cents, after swapping 457,653 shares and closed at $21.85.
Trading in the US dollar market ended with 135,360 units valued at over US$42,019. The market index nosedived 11 points to close at 230.50 with Margaritaville trading 4,700 units to close at 32 US cents, after gaining half of 1 US cent and Proven Investments losing 3 US cents to settle at 31 US cents, with 130,660 units changing hands.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley Caribbean Property Fund, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

TTSE closed slightly up on Tuesday

January 28, 2020 by IC Insider.com

First Citizens Bank closed at a 52 weeks’ high on TTSE on Tuesday.

The Trinidad & Tobago Stock Exchange closed on Tuesday with the two major market indices finishing higher than at the close on Monday, with an equal number of declining and advancing stocks.
The market closed with 18 securities changing hands, compared to 19 on Monday, with five gaining, five declining and the prices of nine remained unchanged. Two stocks closed at 52 weeks’ high and two at 52 weeks’ lows.
The T&T Composite Index advanced 1.99 points to close at 1,491.09. The All T&T Index gained 4.36 points to 1,887.25, while the Cross Listed Index lost just 0.06 points to close at 148.36. Trading resulted in an exchange of 248,341 shares, for a sum of $4,079,099 compared to 239,819 shares, amounting to $4,423,787 on Monday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of four stocks higher than their last selling prices and none with a lower offer.
Gains| Angostura Holdings rose 13 cents and settled at a 52 weeks’ high of $16.30, with 20 units crossing the exchange, First Citizens added 40 cents and ended at a 52 weeks’ high of $46.50, with 6,250 stock units trading, Scotiabank increased 21 cents to $61.22, with 6,883 units changing hands. Trinidad & Tobago NGL rose 10 cents in trading 67,550 shares to close at $20.90 and West Indian Tobacco increased by 60 cents to close at $40.65, with an exchange of 12,184 units.
Losses| First Caribbean International Bank dropped 5 cents and ended at $7.85, with investors exchanging 9,656 shares, Guardian Holdings declined 4 cents and settled at $21.95, with 10,300 stock units changing hands. Guardian Media dropped 25 cents and settled at 52 weeks’ low of $6.75, with investors exchanging 4,414 shares, Massy Holdings ended trading 10 cents lower at $61.89, after a transfer of 1,055 shares and LJ Williams declined 19 cents and settled at $1.50, with 26,013 units changing hands.
Firm Trades| Ansa McAl closed at $55.30, with an exchange of 40 units, Grace Kennedy completed trading at $3.95, with 85,517 units crossing the exchange, JMMB Group ended at $2.70, with investors exchanging 400 shares. NCB Financial ended at $11.30, with 38 stock units changing hands, One Caribbean Media settled at $8.25, with 1,340 units crossing the exchange, Prestige Holdings ended at $8.90, with 5,000 stock units changing hands and Republic Financial completed trading 2,750 units at $137.
Prices of securities trading are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, Ansa Mcal, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, LJ Williams, Massy Holdings, NCB Financial Group, One Caribbean Media, Prestige Holdings, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, West Indian Tobacco

JSE Main Market picks up 3,000 points

January 27, 2020 by IC Insider.com

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The Main Market of the Jamaica Stock Exchange closed on Monday with gains in the two major indices as the market continues its daily seesaw movement.
At the close, the JSE All Jamaican Composite Index advanced 2,954.43 points to close at 547,940.90, the JSE Market Index gained 2,657.81 points to 499,019.14 and the JSE Financial Index climbed 1.53 points to 135.62.
The market closed with 45 securities changing hands in the Main and US dollar markets with the prices of 14 advancing, 20 declining and 11 trading firm. The JSE Main Market activity ended with 42 securities accounting 36,855,891 units for $103,713,861 in contrast to 22,042,921 units valued at $194,024,950 from 41 securities on Friday.
Sagicor Select Financial Fund dominated trading with 17.5 million shares for 47.5 percent of total volume, followed by Wigton Windfarm with 10.7 million units for 29 percent of the day’s trade and Sagicor Select Manufacturing and Distribution Fund with 3.3 million shares for 9 percent of the market’s volume. QWI Investments with 1.3 million shares and 3 percent of the market trade, was the only other stock trading more than one million units, as it closed at an all-time low of 93 cents.
The Market closed with an average of 877,521 units valued at an average of $2,469,378 for each security traded, in contrast to 537,632 units valued at an average of $4,732,316 on Friday. The average volume and value for the month to date amounts to 579,074 units valued at $3,112,683 for each security changing hands, compared to 561,737 units valued at $3,152,220 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows ten stocks ending with bids higher than their last selling prices and two closing with lower offers. The PE ratio of the market ended at 19.8, while the Main Market ended at 19.1 times the 2019 earnings.
In the prime market, Barita Investments lost 35 cents to close at $71, in an exchange of 8,892 units, Caribbean Cement dropped $3 to $69 in trading 4,744 shares, Eppley closed 50 cents higher to $14, with 520,474 shares changing hands. Jamaica Broilers climbed $1.51 to $37, in swapping 201,824 shares, Jamaica Producers lost 49 cents to end at $26.01, transferring 100 units, Jamaica Stock Exchange closed at $33, after losing $1 exchanging 79,592 shares. JMMB Group
gained $2.50 trading 92,261 shares and closed at $47.50, Kingston Wharves tumbled $8 to $61, in exchanging 1,258 units, Mayberry Jamaican Equities rose 88 cents to $11.90, after transferring 5,280 units. NCB Financial closed at $189.50, after losing $3.50 in trading 70,527 shares, PanJam Investment closed $1 lower at $101, with 17,178 units changing hands, Portland JSX gained 58 cents to settle at $9, in swapping 5,000 units, Proven Investments closed $1.50 lower at $48, in an exchange of 6,879 shares. Pulse Investments gained 95 cents to settle at $6.65, in transferring 171,832 shares. Sagicor Group added 99 cents to end at $70.99, with a transfer of 195,354 shares, Sagicor Real Estate Fund lost 35 cents to settle at $9 trading 52,137 shares, Scotia Group advanced to $56.98, having gained $3.97 in exchanging 12,100 shares. Supreme Ventures closed $1 higher to end at $23, with 45,273 units changing hands, Sygnus Credit Investments lost 43 cents to close at $26.50, in swapping 46,961 shares, Victoria Mutual Investments closed 64 cents lower to $12.81 trading 391,531 units and Wisynco Group slipped $1.50 to $21, with 204,925 units changing hands.
Trading in the US dollar market ended with 25,203 units valued at over US$10,758. The market index advanced 8 points to close at 241.59. JMMB Group 5.75% traded 3,000 units at US$2.10, Proven Investments gained 1 US cents to close at 34 US cents in exchanging 4,714 shares and Sygnus Credit Investments lost 1 US cent to end at 16 US cents in swapping 17,489 shares.

Junior Market drops 6.3% for 2019

January 27, 2020 by IC Insider.com

The Junior Market is down 6.3% for 2019, but the fall may be close to an end at the market is close to a support level going back to the beginning of 2018 and as far back as 2015.

Investors did more damage to the Junior Market at the close of trading on Monday, in cutting 23.47 points off the close of the index on Friday, to end on the first day of the week at 3,137.02, down 6.3 percent for the year to date.
Trading ended with 33 securities changing hands, leading to the prices of 13 securities advancing, 14 declining and 6 remaining unchanged. The market closed with an exchange of 2,881,585 units valued at $9,881,495 compared to 2,690,069 units valued at $8,684,726 from 33 securities on Friday. The average PE Ratio of the market ended at 13.7 based on earnings for 2019.
Trading ended with an average of 87,321 units at $299,439 for each securities changing hands, in contrast to 81,517 units for an average of $263,174 on Friday. The average volume and value for the month to date amounts to 155,967 units valued at $572,790 for each company traded and previously 150,098 units valued at $541,417. In contrast, December closed with an average of 521,319 shares at $1,344,719 for each security traded.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows six stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Access Financial lost 24 cents in trading 6,796 shares to finish at $30.26, Blue Power ended market activity, exchanging 12,200 shares to settle at $4.10 after falling 10 cents. Cargo Handlers closed with a loss of $1.40 at $8.10, in swapping 6,000 shares, with the price adjusting to a more realistic value after three and a half years of significant overvaluation. Caribbean Cream declined 25 cents in trading 1,300 units at $3.75, Derrimon Trading shed 30 cents to settle at $2.20 with 53,900 units crossing the exchange, Dolphin Cove fell 61 cents to $10.79 with 2,685 units changing hands. Express Catering ended trading of 46,531 shares, after rising 7 cents to close at $6.15, Fontana closed with an exchange of 255,318 units and gained 9 cents to end at $7.09, Fosrich declined 19 cents in trading of 5,320 units at $4.30. General Accident climbed 29 cents and exchanged 1,513 shares at $6.30, GWest Corporation advanced 5 cents trading 100,000 shares at $1.05, Honey Bun concluded trading with 6,000 shares after adding 3 cents to settle at $8.70. Indies Pharma closed trading of 9,045 units and gained 2 cents to end at $2.92, Jamaican Teas closed trading with 102,500 shares, after rising 25 cents to end at $6.55,

Jetcon Corporation finished 10 cents higher at $1.65, with an exchange of 29,800 stock units. Key Insurance added 1 cent to end at $3.80, with 23,000 stock units trading, KLE Group exchanged 27,107 shares, after rising 76 cents to finish at $2.80, Knutsford Express lost 65 cents in trading of 358 units at $9.55. Lasco Distributors dropped 3 cents in trading 923,118 shares to close at $3.13, Lasco Financial ended with a loss of 1 cent at $3.95 with 32,534 stock units changing hands, Lasco Manufacturing climbed 35 cents and exchanged 162,698 shares at $4.50. Lumber Depot declined by 4 cents to settle at $1.59 with 419,324 units crossing the exchange, Main Event fell 6 cents in trading of 73,238 units at $6, Medical Disposables closed with a loss of 50 cents to end at $7, after swapping 10,000 shares. Paramount Trading ended trading with 2,000 shares, after rising 5 cents to settle at $1.75, SSL Venture closed the day with 200 shares traded, after gaining 2 cents to finish at $1.10 and tTech lost 40 cents in trading of 12,300 units at $5.60.

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: Access Financial, Best performing stock market, Blue Power, Cargo Handlers, Caribbean Producers, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Key Insurance, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Trading Activity, tTech

TTSE closed down on Monday

January 27, 2020 by IC Insider.com

Trinidad & Tobago Stock Exchange Head Quarters

The Trinidad & Tobago Stock Exchange closed on Monday with the two major market indices falling, as declining stocks were twice as many as those rising.
Trading resulted in an exchange of 239,819 shares, for a sum of $4,423,787 compared to 403,858 shares, amounting to $5,540,178 on Friday.
The market closed on Monday with 19 securities trading, compared to 18 on Friday, with three gaining, six declining and the prices of ten closed unchanged. One stock closed at 52 weeks’ high and two at 52 weeks’ lows.
The T&T Composite Index dipped 0.94 to 1,489.10. The All T&T Index declined by a sizable 9.58 points to 1,882.89, while the Cross Listed Index gained 1.07 points to close at 148.42.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of five stocks higher than their last selling prices and one with a lower offer.
Gains| NCB Financial gained 15 cents and settled at $11.30, after exchanging 1,100 shares, Republic Financial rose 50 cents and completed trading at a 52 weeks’ high of $137, with 1,237 units changing hands and Unilever Caribbean added 23 cents and settled at $22.23, after exchanging 1,403 shares.
Losses| National Enterprises closed with a loss of 20 cents at $5.50, with investors exchanging 10,000 shares, One Caribbean Media declined by 13 cents and settled at a 52 weeks’ low of $8.25, with 300 units changing hands, Scotiabank shed 98 cents and completed trading 921 shares at $61.01. Trinidad & Tobago NGL lost 20 cents in trading 93,576 shares and closed at a 52 weeks’ low of $20.80, Trinidad Cement declined 3 cents to end at $1.95, with 32,656 stock units changing hands and West Indian Tobacco dropped 60 cents and settled at $40.05, with 800 stock units crossing the exchange.
Firm Trades|Clico Investments completed trading at $28.50, with 16,414 stock units changing hands, CinemaOne closed at $5.75, with 500 units crossing the exchange, First Caribbean International Bank ended at $7.90, with an exchange of 650 units. First Citizens Bank closed at $46.10, with 1,580 units changing hands, Grace Kennedy completed trading of 12,416 stock units at $3.95, Guardian Holdings settled at $21.99, with 1,354 stock units changing hands. JMMB Group settled at $2.70, with 38,261 stock units, Massy Holdings completed trading at $61.99, with 20,625 units, National Flour ended at $1.40, after exchanging 3,400 shares and Prestige Holdings ended at $8.90 after 2,626 shares changed hands.

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

Filed Under: Stock Market, TTSE Market Tagged With: Cinemaone, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, National Enterprises, National Flour, NCB Financial Group, One Caribbean Media, Prestige Holdings, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean, West Indian Tobacco

JSE Main Market falls

January 24, 2020 by IC Insider.com

The Main Market of the Jamaica Stock Exchange closed with a moderate fall on Friday as declining stocks outnumbered advancing stocks by 36 percent.
At the close, the JSE All Jamaican Composite Index lost 1,023.16 points to close at 544,986.47, the JSE Market Index dropped 907.78 points to 496,361.33 and the JSE Financial Index gained 0.69 points to 134.09.
The market closed with 45 securities changing hands in the Main and US dollar markets with the prices of 14 advancing, 19 declining and 12 trading firm. The JSE Main Market activity ended with 41 securities accounting 22,042,921 units valued at $194,024,950 in contrast to 22,654,582 units valued at $171,374,765 from 42 securities on Thursday.
Wigton Windfarm dominated trading with 8.4 million shares for 38 percent of total volume, followed by Sagicor Select Financial Fund with 5.8 million units for 26 percent of the day’s trade and Sagicor Select Manufacturing and Distribution Fund with 2.4 million shares for 11 percent of the market’s volume. QWI Investments with 1.8 million shares or 8 percent of the market changing hands, was the only other security trading more than one million units.
The Market closed with an average of 537,632 units valued at an average of $4,732,316 for each security traded, in contrast to 539,395 units valued at an average of $4,080,352 on Thursday. The average volume and value for the month to date amounts to 561,737 units valued at $3,152,220 for each security changing hands, compared to 563,186 units valued at $3,051,311 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows five stocks ending with bids higher than their last selling prices and two closing with lower offers. The PE ratio of the market ended at 19.9, while the Main Market ended at 19.1 times the 2019 earnings.
In the prime market, Barita Investments lost 65 cents trading 24,674 units in closing at $71.35, Caribbean Cement advanced $4.44 to $72, with 7,375 shares changing hands, Eppley closed 90 cents lower to $13.50 after transferring 3,605 stock units. Grace Kennedy lost $1.50 to end at $77.50, after swapping 12,295 shares, Jamaica Broilers gained $1.49 to settle at $35.49 after exchanging 39,326 stock units, Jamaica Producers Group added 66 cents to close at $26.50 with 12,462 shares changing hands. Jamaica Stock Exchange ended 95 cents lower at $34 in trading 29,089 shares. Kingston Wharves climbed $4 to $69, in swapping 4,763 units, NCB Financial Group gained $3 to settle at $193, with an exchange of 445,524 shares, PanJam Investment closed $1.50 higher to $102 in transferring 299,006 units. Portland JSX lost 57 cents, ending the day’s trade at $8.42 and 1,050 units traded, Proven Investments closed 50 cents lower at $49.50, in swapping 10,070 shares, Pulse Investments declined $1.17 to $5.70, with 349,702 shares changing hands. Sagicor Group advanced $5.25 to end at $70 after transferring 56,597 shares, Sagicor Real Estate Fund gained 35 cents to settle at $9.35 after trading 43,800 shares. Scotia Group declined $1.20 to $53.01, in swapping 133,078 stock units, Seprod lost 50 cents to end at $49 exchanging 3,160 units, Supreme Ventures dropped $1.20, to settle at $22, with an exchange of 35,688 shares. Victoria Mutual Investments gained 82 cents in trading 421,376 units and ended a 52 weeks’ high at $13.45 and Wisynco Group closed 50 cents lower to $22.50, after swapping 277,521 units.
Trading in the US dollar market ended with 105,311 units valued at over US$19,063. The market index lost 1.39 points to close at 233.59. JMMB Group 6% lost 1 US to close at US$1.04, after exchanging 1,279 units, Proven Investments gained 1 US cents to close at 33 US cents trading 13,745 shares. Sterling Investments closed at 3 US cents, with 6,160 units changing hands and Sygnus Credit Investments lost half of 1 US cent to close at 17 US cents in transferring 84,127 shares.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley Caribbean Property Fund, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Pressure continues on Junior Market

January 24, 2020 by IC Insider.com

Trading on the Junior Market ended on Friday with prices of 15 securities advanced, 13 declined and 4 remained unchanged. The Junior Market Index declined by 10.36 points to close at 3,160.49.
The market closed with 33 securities changing hands, resulting in an exchange of 2,690,069 units valued at $8,684,726 compared to 10,271,447 units for $27,200,810 from 33 securities on Thursday. The average PE Ratio of the market ended at 13.6 based on earnings for 2019.
Trading ended with an average of 81,517 units at $263,174 for each security, in contrast to 311,256 units, for an average of $824,267 on Thursday. The average volume and value for the month to date amounts to 160,209 units amounting to $589,682 and previously 165,393 units costing $611,189. In contrast, December closed with an average of 521,319 shares at $1,344,719 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial fell $1.40 in trading 4,312 units at $30.50, AMG Packaging climbed 4 cents and exchanged 500 shares at $2.08, Blue Power closed 5 cents higher at $4.20, with 10,292 stock units changing hands. Caribbean Cream ended market activity exchanging 17,916 shares to close at $4 after falling 10 cents, Caribbean Producers closed trading of 186,519 units and gained 1 cent to end at $5, Derrimon Trading climbed 29 cents and exchanged 125,226 shares at $2.50. Everything Fresh traded 431,669 shares, after rising 3 cents to end at $1.04, Express Catering declined 3 cents in trading of 43,873 units at $6.08, Fontana dipped 10 cents in exchanging of 142,186 units at $7. Fosrich ended with a loss of 1 cent at $4.49 with 76,788 stock units changing hands, General Accident shed 98 cents in swapping of 82,339 units at $6.01, GWest Corporation declined 3 cents trading 213,682 units at $1. Honey Bun climbed 17 cents after exchanging 33,378 shares to close at $8.67, iCreate swapped 13,145 shares, after rising 9 cents to end at 79 cents. Indies Pharma shed 2 cents with 126,233 units changing hands at $2.90, Iron Rock Insurance climbed 49 cents and exchanged 15,100 shares at $3.99, Jetcon Corporation closed 15 cents higher at $1.55, with 10,500 stock units trading. Key Insurance closed 69 cents higher at $3.79, with 102,403 stock units changing hands, Knutsford Express closed 85 cents higher at $10.20, with 3,574 stock units trading, Lasco Distributors shed 4 cents in transferring of 96,444 units at $3.16. Lasco Financial ended market activity, with 45,874 shares changing hands to close at $3.96 after falling 6 cents, Lasco Manufacturing shed 15 cents in trading of 74,364 units at $4.15. Limners and Bards ended with 31,893 shares, crossing the exchange after rising 2 cents to end at $2.90, Lumber Depot gained 1 to end at $1.63, in trading 231,475 shares, MailPac ended with a loss of 1 cent at 2.13 with 420,737 stock units changing hands, Main Event fell 4 cents in trading 5,940 units at $6.06. Medical Disposables closed market activity with 45,797 units and gained 75 cents to end at $7.50, SSL Venture dipped 16 cents in trading of 1,900 units at $1.08 and tTech closed with 100 units changing hands and gained 40 cents to end at $6.

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: Access Financial, AMG Packaging, Best performing stock market, Blue Power, Caribbean Producers, Daily Trading, Derrimon Trading, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Key Insurance, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

TTSE closed week with gains on Friday

January 24, 2020 by IC Insider.com

First Citizens Bank closed at 52 weeks’ high on Friday.

The Trinidad & Tobago Stock Exchange closed on Friday with gains in the market indices as more stocks rose than declined.
Trading resulted in an exchange of 403,858 shares, for a sum of $5,540,178 compared to 225,598 shares, amounting to $3,601,556 on Thursday.
The market closed on Friday with 18 securities trading, compared to 11 on Thursday, with eight gaining, four declining as the prices of six closed unchanged. Two stocks closed at 52 weeks’ high and one at 52 weeks’ low.
The T&T Composite Index rose 3.76 points to 1,490.04. The All T&T Index gained 3.87 points to 1,892.47, while the Cross Listed Index added 0.50 points to close at 147.35.
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 two with lower offers.
Gains| Clico Investments closed with a gain of 25 cents at $28.50, with 106,891 units trading, First Caribbean International Bank gained 5 cents and settled at $7.90, with 506 units changing hands, First Citizens Bank finished trading of 700 shares after rising 10 cents to end at a 52 weeks’ high of $46.10. Grace Kennedy closed with an increase of 5 cents and closed at $3.95, with 26,017 units changing hands, Guardian Holdings rose 48 cents and settled at $21.99, after exchanging 8,960 shares, JMMB Group ended trading of 157,602 shares with a gain of 4 cents at $2.70. Massy Holdings rose 48 cents and ended at $61.99, with 9,025 units changing hands and Republic Financial added 49 cents and ended at a 52 weeks’ high of $136.50, after exchanging just 50 shares.
Losses| Scotiabank lost 1 cent and completed trading of 2,347 units at $61.99, Trinidad & Tobago NGL lost 60 cents in trading 16,246 shares and closed at $21. West Indian Tobacco ended trading with 1,120 units and lost 35 cents to settle at $40.65 and Unilever Caribbean shares fell 15 cents to $22 in swapping 2,853 shares.
Firm Trades| Angostura Holdings completed trading of 1,000 stock units at $16.17, CinemaOne ended at $5.75, after exchanging 1,000 shares, Guardian Media settled at $7, after swapping of 2,759 shares. National Flour concluded trading of 2,051 units at $1.40, One Caribbean Media closed at $8.38, with an exchange of 64,231 stock units and Trinidad Cement ended at $1.98, with 500 units crossing the exchange.

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

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, Cinemaone, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, National Flour, One Caribbean Media, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean, West Indian Tobacco

JSE Main Market ekes out gain

January 23, 2020 by IC Insider.com

Grace Kennedy ended at a 52 weeks’ closing high.

The Main Market on the Jamaica Stock Exchange posted modest gains at the close on Thursday even as declining stocks doubled advancing ones but with Grace Kennedy and Victoria Mutual investments hitting record highs.
At the close, the JSE All Jamaican Composite Index advanced 478.62 points to close at 546,009.63, the JSE Market Index gained 402.72 points to end at 497,269.11 while the JSE Financial Index rose 0.23 points to 133.40.
The market closed with 47 securities changing hands in the Main and US dollar markets with prices of 11 advancing, 22 declining and 14 remaining unchanged. The JSE Main Market activity ended with 42 securities accounting 22,654,582 units valued at $171,374,765 in contrast to 30,283,990 units valued at $380,332,800 from 39 securities on Wednesday.
Sagicor Select Financial Fund dominated trading with 9.1 million shares for 40 percent of total volume, followed by Wigton Windfarm with 6.6 million units for 29 percent of the day’s trade, and Sagicor Select Manufacturing and Distribution Fund with 2.4 million shares for 10.6 percent of the market’s volume. Sagicor Group with an exchange of 1.5 million shares, for 6.5 percent of the Main Market volume, was the only other stock trading more than one million units.
The Market closed with an average of 539,395 units for $4,080,352 for each security traded, in contrast to 776,513 units valued at an average of $9,752,123 on Wednesday. The average volume and value for the month to date amounts to 563,186 units at $3,051,311 for each security changing hands, compared to 564,747 units valued at $2,959,713 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows seven stocks ending with bids higher than their last selling prices and four closing with lower offers. The PE ratio of the market ended at 19.8, while the Main Market ended at 19.1 times the 2019 earnings.
In the prime market, Caribbean Cement dropped $4.45 to end at $67.56 after trading 108,571 shares, Eppley closed 60 cents lower to $14.40, with 3,543 stock units changing hands, Eppley Caribbean Property Fund lost 96 cents to settle at $38.04, after swapping 500 units. Grace Kennedy climbed $3.99 to end at a 52 weeks’ high of $79, with an exchange of 19,291 shares, Jamaica Broilers declined $1 to $34 in trading 36,873 shares, Jamaica Producers gained $2.61, rising to $25.84 in transferring 12,959 shares. Jamaica Stock Exchange closed $3.40 higher at $34.95, with 59,326 shares changing hands. JMMB Group dropped $2.30 to $45.20, in swapping 109,721 shares, Kingston Wharves plunged $6 to $65 while trading 17,841 units, Palace Amusement lost $1 to settle at $2,789, after an exchange of 70 units. Proven Investments dropped $4.95 to end at $50, with 52,655 shares traded, Sagicor Group declined $5.25 to $64.74 in transferring 1,478,177 shares, Seprod added 50 cents to settle at $49.50 exchanging 23,123 units. Stanley Motta ended at $5.50, after losing 30 cents, with 760,600 units changing hands and Supreme Ventures settled at $23.20, with a loss of 77 cents exchanging 56,451 shares.
Trading in the US dollar market ended with 188,960 units for US$61,283. The market index dropped 6.56 points to close at 234.98. JMMB Group 5.75% preference share gained 38 US cents to end at US$2.10, with 2,000 units changing hands, Margaritaville Turks lost 2.5 US cents to close at 31.5 US cents in exchanging 100 units. Proven Investments lost 2 US cents to close at 32 US cents trading 175,270 shares, Sterling Investments closed at 3 US cents in exchanging 3,000 units and Sygnus Credit Investments gained half of 1 US cent to close at 17.5 US cents after the transfer of 5,590 shares.