Trading on the Trinidad Stock Exchange on Tuesday closed with 18 securities changing hands, 7 advanced, 4 declined and 7 traded firm with a total of 126,256 units, valued at $1,103,934.
At the close of the market, the Composite Index gained 0.21 points to close at 1,146.72, the All T&T Index fell by 0.16 points to close at 1,975.34 and the Cross Listed Index rose 0.08 points to end at 41.66.
Gains| Agostini’s added 6,550 shares valued at $115,280 and gained 25 cents to end the day at $17.60, ANSA McAL had just 50 units changing hands with a 1 cent gain to end at $66.87, Clico Investment Fund trading 18,137 shares valued at $409,896 advanced by 9 cents to end at $22.60. Grace Kennedy added only 229 shares, to close at $3.61, with a gain of 1 cent, Guardian Holdings with 100 shares traded to close at $13.01 after gaining 1 cent, National Commercial Bank gained 1 cent to end at a new 52 weeks’ high of $1.23 and Scotiabank closed with 900 shares and gained 1 cent to end at $62.16.
Declines| The stocks declining at the end of trading are, Angostura Holdings ended at $15 while 655 units of the stock changed hands for a loss of 6 cents, First Citizens Bank exchanged 975 units and lost 1 cent, in closing at $35.49. Massey Holdings ended at a 52 weeks low of $63.45 after trading 2,935 shares and lost 12 cents and Republic Bank lost 13 cents to close at $118.22 while trading only 1 share.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Firstcaribbean International Bank exchanged 1,000 shares at $5.03. Jamaica Money Market Brokers had 50,230 shares changing hands at 43 cents, National Flour Mills traded 29,834 shares to close at $1.52, Prestige Holdings contributed 2,509 shares to close at $9.90, and Sagicor Financial Corporation trading 1,802 shares to end at $5.11, One Caribbean Media traded 250 units at $23.95 and Trinidad Cement contributed 7,800 shares at $2.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than their last selling prices and 5 stocks with offers that were lower.
It’s a 747 Tuesday on TTSE
2 junior market stocks hit lows
Activity on the Junior Market closed with 6 securities traded and ending with 622,936 units changing hands valued at $866,023. The JSE Junior Market Index declined 1.24 points to close at 700.44, with the price of 1 stock advancing and 4 declining with two stocks reaching news lows by the end of trading.
At the close of the market, there were 6 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower. The junior market ended with 6 securities closing with no bids to buy and 5 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Lasco Financial ending with 156,000 units to close with a gain of 1 cent at $1.06, General Accident while dealing in 152,836 shares closed at $1.70, Caribbean Flavours ending with 10,000 units and closing 30 cents lower at a new 52 weeks’ low of $2.05. Lasco Distributors ending with 164,700 shares, closed with a loss of 1 cent at $1.45, Lasco Manufacturing trading 100,400 units to fall 9 cents to $1.15, Medical Disposables concluded trading with 39,000 units with a decline of 20 cents to a new low of $1.60.
All Jamaica Index crosses 90,000
The JSE closed on Tuesday with sharp gains in the main market indices with the all Jamaica Composite closing over 90,000 points for the first time since July 2013.
Helping with the increase was gains in 11 stocks, mainly in Cable & Wireless, Desnoes & Geddes, National Commercial Bank, Scotia Investments, Supreme Ventures. Todays move puts the market just 1,500 points from crossing over the resistance level of 91,700 points on the all Jamaica index. Todays gains puts the main market year to date increase at 7.3 percent.
JSE jumps more 1,000 points
Trading remain slow on JSE – Tuesday
Trading was slow on the JSE on Tuesday up to 10:30. the major trade of note was the reaction of investors to the results and dividend announcement of Supreme Ventures of a strong increase in profits and a special dividend payment on top of an ordinary one.
Gleaner also traded up by 15 cents to $1.10. The market indices were up with the JSE index gaining 109.13 points the All Jamaica composite up 122 points and the junior up 0.33 points.
Profit up 92% spawns $817m SVL dividends
Supreme Ventures (SVL) will be making a surprise dividend payment to its shareholders in March and May. The company just announced a final ordinary dividend for the year ended December 2014 of 8 cents per share payable on March 21, 2015 to shareholders on record as at March 6. SVL also declared a special dividend of 23 cents per share to shareholders on record as at March 6, with 19 cents per share to be paid on March 21 and 4 cents per share payable on May 27, 2015. The stock will traded ex-dividend on March 4. The ex-dividend date for both dividends is March 4.
SVL paid dividends of 3 cents per share on January 8, last year as well as 3 cents in March, 9 cents in May, another 3 in September and 5 cents per stock on December 9, last year. The final regular dividend for 2014 brings the total relating to the 2014 profit to 19 cents per share or 54 percent of profits for the year. The total dividend payment just approved by the company totals 31 cents per share and is just short of the total profit for 2014 of 35.2 cents per share.
The company just reported full year results showing profit after tax rising by 93 percent to $930 million from revenues that climbed by 21 percent to $41.3 billion. The profit provided a decent return on equity of 24.2 percent. Earnings per share ended at 35 cents. The December quarter was a very good one for the company with revenues of $11.3 billion and profit after tax of $313 million more than half of the $617 million generated to September.
The company enjoyed cost reduction in several line items with professional fees being slashed the most falling $81 million to $239 million. Overall operating cost fell from $2.77 billion to $2.65 billion in 2014.
Credible as the gains in profit is for 2014, Management has lots more work ahead in cutting losses in sports betting amounting $194 million up from $130 million in 2013 and Gaming lounges losses of $461 million versus $556 million in 2013. For the December quarter gaming losses amounted to $85 million compared to an average of $126 million in the previous three quarters and sports betting contributed $46 million in losses for the final 2014 quarter. Without the losses in these two areas profit would have been much larger. IC Insider is forecasting profits for 2015 to be in the order of 45 cents per share.
At the end of the year the company had cash funds of $2.22 billion and the dividends amounts to $817 million will consume some of the cash on hand by time the payments are made later this month and in May.
J$ gains against all on Monday
the Jamaican dollar gained in value on Monday against the three major currencies it trade in. Purchases of all currencies by dealers amounted to US$47,429,215 compared with the US$41,792,863, on Friday and selling of the equivalent of US$48,069,553 versus US$42,252,844 on the prior trading day.
In US dollar trading, dealers bought US$43,879,394 compared to US$36,360,074 on Friday. The buying rate for the US dollar lost 6 cents to end at $115.09 and US$46,156,443 was sold versus US$39,309,385 on Friday, the selling rate fell 4 cents to $115.60 The Canadian dollar buying rate dropped $1.83 to $90.21 with dealers buying C$1,489,297, and selling C$732,910, at an average rate that fell 61 cents to $92.03. The rate for buying the British Pound dipped $1.43 to $175.28 for the purchase of £1,417,030, while £477,617 was sold, at an average rate of $177.36, down $1.27. At the end of trading it took J$129.71 to purchase the Euro, 9 cents up from Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.22 for a 6 cents less than on Friday. Other currencies bought, amounted to the equivalent of US$224,205 while the equivalent of US$596,841, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 20 cents to $116, the lowest buying and the highest selling rates remained at $94.36 and $120.91 respectively. The lowest selling rate dropped 17 cents to $96.22. The highest buying rate for the Canadian dollar dived $3.20 to $93, the lowest buying rate fell $1.37 to $71.88. The highest selling rate fell $2.95 to $94.05 and the lowest selling rate fell 65 to $86.60. The highest buying rate for the British Pound, dropped $4.10 to $174. The lowest buying rate fell $3.44 to $139.44, the highest selling rate lost $2.10 to $179.76 and the lowest selling rate declined $4.45 to $167.70.
Moderate trading greets the week
Grace traded over 2 million shares on Monday
Main Market| The JSE Market Index lost 300.42 points to close at 80,807.53, the JSE All Jamaican Composite index fell 335.88 points to 89,064.88 and the JSE combined index declined by 260.87 points to 82,541.05.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator is showing a fluidity in price movements with 6 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Grace Kennedy finishing with 2,011,264 shares, put on 99 cents to close at $61.50, Jamaica Broilers ending with 6,034 shares changing hands to close $4.10 after adding 5 cents. Mayberry Investments finished trading with 50,000 units to end with an increase of 20 cents to at a new 52 weeks’ high of $2.20 and National Commercial Bank saw trading in 9,000 shares while gaining 9 cents, to close at $22.09.
Firm| The stocks in the main market to close without a change in the last traded prices are, Barita Investments trading in 1,000 units to close at $2.25 and Sterling Investments with 150 shares closing at $134.Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Caribbean Cement closing with 500,000 shares changing hands and lost 30 cents to end at $2.30, Carreras lost 40 cents to $44.10 with 22,900 units trading, Desnoes & Geddes ending with 2,300 units traded at $5.40, after dropping 10 cents. Jamaica Money Market Brokers in trading 102,117 ordinary shares and ending 1 cent lower at $6.90, Jamaica Producers finished with 5,002 units trading, declined by $1.30 to $15.70, Sagicor Group closed with 228,167 shares trading at $10.45, having declined by 5 cents and Scotia Group 41,274 shares as the price fell 50 cents to $21.50.
Access’ $1b trade
Access was the dominant trade in the entre stock market on Monday as Marcus James CEO of the company and the shareholder with the second largest holding, moved his shares in the company into a new name IC Insider was reliably advised. There was just one traded in the stock with 112,421,260 units trading at $9.60 with a value of $1.079 billion to record a 20 cents gain.
Only two other securities traded in the junior market by the close. Overall 2 stocks gained and one remained firm, at the close. The market closed with 317,720 units changing hands valued at $662,455. The JSE Junior Market Index declined 11.41 points to close at 699.35, with the prices of stocks advancing and 3 declining.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. The junior market ended with 4 securities closing with no bids to buy and 6 securities that had no stocks being offered for sale. Online casino 1Win International is expanding its geography and is now available throughout Latin America. The interface is also available in Spanish and Portuguese. Hurry up to get bonuses for the first users!
Stocks trading in the junior market with gains are, General Accident finishing with 173,762 shares trading at $1.70 and Lasco Distributors closing with 43,000 shares to end with an increase of 1 cents to $1.46.
$12m chased 572,000 shares
Trading on the Trinidad Stock Exchange ended with 13 securities changing hands of which 3 advanced, 4 declined and 6 traded firm with a total of 572,088 units, valued at $11,808,513.
At the close of the market, the Composite Index fell by 2.28 points to close at 1,146.51, the All T&T Index lost 4.54 points to close at 1,975.50 and the Cross Listed Index remained at 41.58.
Gains| Stocks increasing in price at the close are, Clico Investment Fund traded 16,655 shares valued at $376,124 to advance by 1 cent to end at $22.51, Sagicor Financial Corporation added 1 cent with 12,201 shares changing hands, to end at $5.11 and West Indian Tobacco traded 1,000 shares at $125.02 to gain 2 cents for a new 52 weeks high.
Declines| The stocks declining at the end of trading are, Agostini’s with a volume of 200,000 shares trading for $3,470,000 but the price declined by 26 cents to $17.35, Angostura Holdings dropped 85 cents to close at $15.05 with 203,387 shares changing hands, for a value of $3,062,687. First Citizens Bank contributed 124,014 shares with a value of $4,402,497 to close with a loss of 23 cents to $35.50 and Massy Holdings trading 705 shares to close at 63.57, with a loss of 2 cents for a new 52 weeks’ low.
Firm Trades| ANSA Mcal traded 1,400 shares at $66.86, Guardian Holdings contributed 2,480 shares and closed at $13, while National Enterprises added 2,307 shares to close at $17.40, Scotiabank traded 1,361 shares at $62.15, Scotia Investments had 1,900 units trading at 41.45 and Trinidad Cement with 4,678 shares changing hands at $2.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.
