TTSE closes higher on Wednesday

Trading on the Trinidad & Tobago Stock Exchange resulted in 18 securities changing hands on Wednesday versus 16 on Tuesday leading to gains in the market indices.
Trading ended with 258,736 shares at a value of $7,944,314, compared to 576,981 shares at a value of $2,260,615 on Tuesday. Market activity ended with the prices of 3 stocks advancing, 4 declining and 11 remaining unchanged.
At the close of trading, the Composite Index gained 5.48 points to end at 1,400.52. The All T&T Index rose 0.66 points to 1,776.39, while the Cross Listed Index added 1.43 points to close at 138.74.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 2 stocks closing with bids higher than the last selling prices and 1 with lower offers.
Gains| NCB Financial gained 5 cents and settled at $10.10, with 615 stock units changing hands, Republic Financial gained 48 cents to settle at $121.81, with 1,677 units crossing the exchange and Sagicor Financial rose 4 cents and ended at $10.35, after exchanging 7,609 shares.
Losses| Clico Investment Fund closed with a loss of 2 cents at $24.05, trading 52,221 units, Guardian Media lost 50 cents and settled at a 52 weeks’ low of $10, after exchanging 900 shares, JMMB Group declined 3 cents and settled at $2.12, with investors exchanging 475 shares and Unilever Caribbean ended trading 120 units with a loss of 2 cents to close at $24.98.
Firm Trades| Ansa Mcal completed trading at $55.20, after exchanging 1,200 shares, First Caribbean International Bank closed at $8.35, with 25,405 units changing hands, First Citizens traded 5,981 shares at $40.01, Grace Kennedy settled at $3.55, with 44,425 stock units crossing the exchange, Massy Holdings settled at $54.98, with 100,000 stocks trading. One Caribbean Media concluded exchanging 200 shares at $10.10, Point Lisas ended at $3.75, with 25 stock units changing hands, Scotiabank settled at $59.70, after exchanging 837 shares. Trinidad & Tobago NGL traded 6,560 units to close at $27.90, LJ Williams B shares completed trading at $1, after swapping of 14,620 shares and West Indian Tobacco concluded trading at $110, with 954 units crossing the exchange.

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

 

Wigton profit to help light up JSE

Wigton stock could spike on Wednesday.

Profits drive stock prices like nothing else. The Jamaica Stock exchange should see a big hike at the close of trading as a number of companies release some excellent results days before the main earnings season for the half-year ends.
Some main market companies are reporting big gains in earnings after the market closed on Tuesday and these could push prices up on Wednesday. Wigton Windfarm posted positive results for the June quarter, with profit jumping from $175 million to $366 million with modest foreign exchange gains, resulting in earnings per share of 3.3 cents that should translate to over 10 cents for the year. Revenues grew 12 percent at Kingston Wharves to $3.8 billion, over the corresponding period in 2018 and net profit attributable to shareholders increased by 40 percent to $1.2 billion. For the June quarter, net profit rose 54 percent to $729 million on revenues that rose 12 percent to $19.7 billion. Importantly, Kingston Wharves reported earnings of 51 cents per share for the second quarter (annualized $2 per share) and 82 cents for the half-year.
Jamaica Producers increased second-quarter revenues by 12 percent to $5.4 billion over the 2018 period and net profit attributable to shareholders increasing 52 percent to $399 million.

Jamaica Producers snacks

For the half-year, JP posted profit due to the group’s shareholders of $629 million compared to $415 million with revenues that rose from $9.3 billion to $10.16 billion. PanJam Investment reports net profit attributable to shareholders of $3.055 billion for the June quarter, up from $982 million in 2018 and $3.95 billion for the six months from $1.8 billion in the 2018 period.
PanJam results benefited from investments gains and gains from the sale of shares in an associated company. Productivity Business Solutions posted a rise in profits toUS$724,000 in the June quarter compared to a profit of $372,000 in 2018 and a profit of US$184,000 for the six months to June.

JSE trading set to explode on Wednesday?

Wigton posted a big jump in profit and should light a fire under the JSE.

The Jamaica Stock Exchange seems set to enjoy a big blast on Wednesday following the release of strong results by a number of companies after the market closed on Tuesday, with modest gains in the market indices.
At the close of trading, the JSE All Jamaican Composite Index added 254.37 points to close at 580,099.61, the JSE Index rose 231.16 points to 528,146.93 and the JSE Financial Index lost 0.31 points to end at 144.36.
Trading ended with more stocks rising than falling with 42 securities trading in the main and US dollar markets, leading to 19 securities advancing, 14 declining and 9 closing with no price change, compared to 37 securities trading on Tuesday.
At the close of trading, Palace Amusement traded at a record high of $1,950 but JMMB Group 7.5% preference shares traded at a 52 weeks’ low of 75 cents but recovered slightly by the close.

PanJam is another main market stock to post a big jump in profits.

Shares totaling 105,567,277 units valued $1,138,000,566 traded, compared to 65,134,390 units valued at $273,353,099 changing hands on Monday.  Sagicor Select Fund led trading with 57.2 million units for 54 percent of total volume, Wigton Windfarm followed with 22.3 million shares accounting for 21 percent of the day’s trade, Supreme ventures with 10 million shares for 9.5 percent of total main market volume. Other stocks trading over one million shares are, Ciboney, Mayberry Investments, NCB Financial, Radio Jamaica, Sagicor Group and Scotia Group.
The market closed with an average of 2,706,853 units valued at $29,179,502 for each security traded. In contrast to 1,915,717 units valued at an average of $8,039,797 on Monday. The average volume and value for the month to date amounts to 1,155,033 units valued at $11,164,308 and previously, 901,009 units valued at $7,834.486. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ending with bids higher than their last selling prices and 3 with lower offers.
In the main market activity, Barita Investments lost 98 cents to end at $89 with 24,197 shares changing hands, Caribbean Cement ended with a loss of $2 at $77 with 20,957 stock units changing hands, Carreras shed 74 cents to end at $8 with 781,375 stock units trading, Grace Kennedy climbed $2.50 in trading of  823,511 units at $72. Jamaica Broilers exchanged 81,295 shares but dropped $1 to close at $34, Jamaica Producers lost 35 cents trading 28,686 shares to end at $$26.65, Jamaica Stock Exchange jumped $4.19 trading 68,286 shares to end at $29.94, Kingston Properties lost $1 in closing at $7 after exchanging 18,485 shares. Kingston Wharves gained $2.16 while trading 12,263 shares to end at $68, Mayberry Jamaica Equities rose $1.10 in closing at $12.10 with 812 shares changing hands, NCB Financial lost $2 in exchanging 1,553,334 units to close $218. Palace Amusement traded just 100 shares and jumped $450 to close at a record high of $1,950, PanJam Investment added $1 in trading of 379,101 units at $101, Portland JSX recovered the 35 cents lost on Monday in exchanging 29,385 shares at $7.90, Proven Investments closed trading of 37,487 units and gained $3 to end at $40. Scotia Group dropped $2.60 to close at $54 in trading of 1,556,853 units, Seprod dipped $1 in trading 17,941 shares to end at $55, Sygnus Credit Investments lost 40 cents in trading 650,915 shares to end at $23.55 and Wisynco Group jumped $4.08 to $24 after exchanging 279,826 units.
Trading in the US securities market resulted in 36,715 units valued $5,737 changing hands. Margaritaville traded with 8,925 shares to settle at 25 US cents, Proven Investments gained 2 cents and closed at 26 US cents with an exchange of 240 shares and Sygnus Credit Investments traded 27,550 shares at 12.5 US cents. The JSE USD Equities Index advanced 6.09 points to close at 192.65.

New Junior Market record close – Tuesday

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Elite Diagnostic one of four stocks to trade at 52 weeks’ high on Tuesday after posting strong 4th quarter results.

The Junior Market of the Jamaica Stock Exchange ended at a new record close on Tuesday, with the market index rising 25.36 points to 3,614.39  with advancing stocks being edged out decliners.
Securities trading on the Junior Market remained at 33 as was the case on Monday, as prices of 13 rose, 14 declined and 6 remained unchanged.
Elite Diagnostic, Paramount Trading preference share, Stationery and Office Supplies and tTech all ended trading at 52 weeks’ high.  
Market activities resulted in an exchange of 6,250,912 units valued at $27,428,507 up 19 percent from 5,270,328 units valued at $23,915,373 trading on Monday.
The average trade for the day was 189,422 units for an average of $831,167 in contrast to 159,707 units for an average of $724,708 on Monday. The average volume and value for the month to date amounts to 181,761 units valued at $827,046 and previously 180,478 units valued at $826,356 for each security traded. July ended with an average of 138,412 units at $563,215 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks closing with higher bids than their last selling prices and 2 closing with lower offers.
Stocks ending with price changes| AMG Packaging traded 27,000 shares, after rising 7 cents to end at $2.32, Caribbean Cream declined 45 cents in trading of 54,100 units at $4.60, Caribbean Flavours jumped $4.40 to $19.90 in trading 1,000 shares, Consolidated Bakeries fell 2 cents trading 152,643 units at $2.38. Dolphin Cove closed with a loss of 5 cents at $12, in swapping of 52,055 shares, Derrimon Trading exchanged 114,978 units and gained 18 cents to end at $2.90, Express Catering declined 5 cents in trading 27,902 units to close at $6.35, Everything Fresh closed trading of 35,622 units and gained 10 cents to end at $1.80. Elite Diagnostic climbed 50 cents and exchanged 125,430 shares to end at a 52 weeks’ high of $7, Fosrich Group shed 10 cents in trading 25,542 units at $4.70, Fontana traded 758,467 shares, after rising 45 cents to end at $8.50, General Accident dipped 2 cents trading of 677 units at $5.40. Honey Bun closed trading of 374,603 units, in gaining 80 cents to end at $7, iCreate ended with a loss of 1 cent at 89 cents with 145,342 stock units changing hands. Indies Pharma climbed 25 cents in exchanging 83,200 shares at $3.75, ISP Finance gained $1 to end at $16 in trading 729 shares, Jamaican Teas dipped 60 cents with 318,358 units changing hands to close at $5.80, Jetcon Corporation fell 10 cents exchanging 57,085 units at $1.85. Lasco Distributors lost 20 cents trading 282,673 units to close at $3.20, Lasco Financial dipped 15 cents with 31,200 units crossing the exchange at $6.40, Lasco Manufacturing declined 6 cents in exchanging 185,929 units to settle at $5.44. Medical Disposables lost 56 cents trading 11,000 shares to close at $6.94, Main Event fell 98 cents in exchanging 27,784 shares to close at $6.02. Paramount Trading closed with 25,000 units changing hands with a rise of 15 cents to end at $1.95, Stationery and Office Supplies climbed 6 cents and exchanged 11,042 shares to end at a record close of $15.75 and tTech Limited closed trading of 27,500 units and gained 52 cents to end at a 52 weeks’ high of $7.45.
In the junior market preference segment, Paramount Trading gained 20 cents to end at a 52 weeks’ high of $2.20 with 550 stock units trading.

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

Decline for TTSE – Tuesday

Trading on the Trinidad & Tobago Stock Exchange resulted in 16 securities changing hands on Tuesday versus 15 on Monday and a modest slippage in the market indices.
Trading ended with 576,981 shares at a value of $2,260,615, compared to 441,595 shares at a value of $6,727,127 on Monday. Market activity ended with the prices of 2 stocks advancing, 5 declining and 9 remaining unchanged.
At the close of trading, the Composite Index lost 1.73 points to close at 1,395.04. The All T&T Index shed 2.65 points to end at 1,775.73, while the Cross Listed Index declined 0.11 points to close at 137.31.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 4 stocks closing with bids higher than the last selling prices and 1 with lower offers.
Gains| Republic Financial rose 4 cents and settled at $121.33, with an exchange of 794 units and Sagicor Financial ended trading 30,338 shares after rising 21 cents to close at $10.31,
Losses| Angostura Holdings lost 24 cents and ended at $15.79 in trading 400 shares, First Citizens Bank fell 4 cents and completed trading at $40.01, with investors exchanging 745 shares, JMMB Group closed with a loss of 4 cents at $2.15, with 499,675 stock units changing hands. National Enterprises shed 5 cents and completed trading of 10 units to end at a 52 weeks’ low of $6.15 and Scotiabank dropped 28 cents and settled at $59.70, after exchanging 513 shares.
Firm Traded| Clico Investment Fund ended at $24.07, with an exchange of 12,555 units, First Caribbean International Bank closed trading at $8.35, with 3,765 stock units changing hands, Grace Kennedy completed trading of 16,886 stock units at $3.55, Guardian Holdings settled at $18, with investors exchanging 4,090 shares. Massy Holdings completed trading 100 shares at $54.98, National Flour settled at $1.67, with 25 units changing hands, West Indian Tobacco ended at $110, after exchanging 500 shares Trinidad & Tobago NGL traded 6,560 units to close at $27.90 and Trinidad Cement settled at $2.35, with 25 units crossing the exchange.

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

NCB solid stock for the future

NCB Financial Group (NCB) produced net profit of $21.3 billion for the nine months to June 2019 with profit attributable to stockholders of $20.7 billion, a marginal increase of $87 million over 2018.
For the quarter to June, NCB reported $8.3 billion in profit attributable to shareholders inclusive of $2.3 billion resulting from the increased value of the near 30 percent interest NCB owned in Guardian (GHL) before acquiring majority shares, during the quarter. Results include the consolidation of two months of GHL’s income coupled with the gain from revaluing the shares that NCB held in GHL previously, as an associated company.
For the nine months ended June, net operating income rose 22 percent to $63 billion from $51.6 billion in the prior year while it increased 28 percent to $24.5 billion in the June quarter over 2018.
Banking and investment activities netted $55.8 billion, up 13 percent over the $49.4 billion for the comparative 2018 period and for the quarter the enlarged group produced $21 billion compared to $18 billion in 2018. A 14 percent growth in our loan portfolio helped in pushing net interest income to $32.4 billion or 27 percent over $25.4 million generated in 2018. For the quarter, net interest income grew to 30 percent to $12.4 billion.
Net fee and commission income rose from $4 billion in 2018 to $5 billion for the June quarter and from $11.7 billion to $13.4 billion for the nine months period. Gains on foreign exchange trading declined sharply from $11.4 billion to $8.7 billion for the nine months period and from $4.2 billion in 2018 to $2.8 billion for the June quarter.
The net result from insurance activities grew 218 percent over the prior year to $7.2 billion from $2.3 billion in the prior year nine months period. For the quarter, net income tripled the $1.15 billion in the 2018 June quarter to reach $3.4 billion in 2019. “One of our Jamaican life insurance subsidiaries benefitted from improved spread performance and changing mortality assumptions, resulting in a significant contribution to the net profit. The consolidation of GHL’s insurance activities contributed 45 percent of net insurance revenues reported for the third quarter,” the group directors reported in their commentary to shareholders.
Operating expenses including loan and securities losses accounted for $46 billion, an increase of $13 billion or 41 percent over the prior nine months in 2018. “The consolidation of GHL and an additional quarter of Clarien’s results in the current reporting period contributed to 43 percent of this increase,” the group reported.
Impairment losses on loans and securities increased by 166 percent to $3.65 billion from $2.46 in the nine months and from just $941 million in the June 2018 quarter to $1.7 billion in the 2019 period.
Total assets grew with the acquisition of majority shares in GHL to $1.6 trillion, an increase of $635 billion or 68 percent over the prior year. “The consolidation of GHL, net of adjustments, added $517 billion in assets to the Group’s portfolio. The Group’s loans and advances, net of provision for credit losses, stood at $412 billion, an increase of $50.5 billion or 14 percent over the prior year, attributable to strong growth in our Jamaican portfolio along with the consolidation of GHL’s $14.6 billion of loans and receivables” the NCB directors report stated.
Customer deposits reached $509 billion at the end of June, an increase of 10 percent or $45 billion over the prior year. Policyholders’ liabilities increased from $39 billion in June 2018 to $422 billion due to the consolidation of GHL. Investment Securities and Reverse Repurchase Agreements Investment securities, including pledged assets, and reverse repurchase agreements amounted to $780 billion. This portfolio grew by 106 percent or $400.6 billion over the prior year, primarily due to the consolidation of GHL’s portfolio valued at $369 billion. Stockholders’ equity amounted to $137 billion, a 10 percent or $12.8 billion increase over the prior year due primarily to an 18 percent increase in retained earnings.
Earnings per share for the quarter came in at $3.42 but that includes one-time income and expenses, ongoing earnings could be in the region of $3 per share or around $12 annually. For the nine months earnings per share reported was at $8.49. Going forward the growth in the loan portfolio is one of the most critical factors to look for in assessing prospects going forward, with the acquisition of the General Insurance portfolio this area is also very critical to growth in the future. There are areas of duplication in the operations of Guardian and NCB accordingly, investors can expect rationalization to come and with that reduced cost and likely more robust sourcing for new business. NCB stock that last traded on the Jamaica Stock Exchange at $220 is a good long term investment.
The Board of Directors declared an interim dividend of 90 cents per ordinary stock unit. The dividend is payable on August 27, to stockholders of record as on August 13.

PNP polling mirage

Dr. Peter Phillips – former Minister of Finance

The PNP rise united and one PNP team are in a desert and seeing a massive mirage but tell their supporters that the prize is at hand, nothing could be further from the truth, as they can’t tell them of the Tsunami ahead.
According to the Bill Johnson polls, the PNP headed by Peter Phillips will do a better job than Bunting in the next general election. Johnson points to a factor of the majority of persons saying the country is going in the wrong direction, a sure sign the JLP should be concerned. History is not kind to Johnson’s words. In 2016, ahead of the General election, “Certainly, at this stage, it is going to be an orange sky on election night rather than a green sky,” pollster Bill Johnson commented after his recent national poll found the PNP four percentage points ahead of the Jamaica Labour Party, The Gleaner reported. “The movement definitely appears to be an orange movement and not a green movement,” said Johnson. “Everything seems to be pointing in the direction of a strong PNP victory,” he added.
No such development took place, as the election ended with a narrow defeat for the PNP. But Johnson is not alone, poll results posted on February 22 showed, “the party standings in the latest RJR Group/Don Anderson polls show the governing People’s National Party (PNP) still ahead of the Jamaica Labour Party (JLP) but by only three percent, as against four percent one month ago.”
Polls taken well ahead of an election is not a very accurate indicator of the outcome. Polls taken when one party is very active and the other is not will be highly biased towards the active one.
Two factors in the Johnson polls that are questionable. Jamaica has not seen a voter turnout close to 70 percent since the 1980s so any poll with that level of likely turnout has several persons lying to the pollsters as the turnout is unlikely to exceed 55 percent. In the last general election, it was under 50 percent. The other error is that the feedback that the country is going in the wrong direction is a variance with several other factors in the country. It does not accord with business and consumer confidence levels that are at record levels. It does not conform to record levels of employment and record low levels of unemployment and most importantly, it is at a huge variable with the best predictor of election a year out, the Jamaica Stock Exchange performance. The latter is calling the next general election with its robust performance.
By the way, with both the Anderson and Johnson polls showing the JLP ahead how will the PNP heal the wound created by the leadership challenge before Prime Minister Holness takes advantage of it?

Sagicor Select Fund dominates JSE trading

Sagicor Select Fund hit a record high of $1.98 in trading 64% of the day’s volume.

Sagicor Select Fund traded the largest volume on Monday to account for 64 percent of total volume on the Jamaica Stock Exchange between $1.48 and $1.98 but closed with an average of $1.64 on a day when the market indices pulled back moderately.
At the close of trading, the JSE All Jamaican Composite Index dropped 1,193.80 points close at 579,845.24, the JSE Index lost 1,084.85 points to 527,915.77 and the JSE Financial Index added 0.37 points to end at 144.67.
Market activity, resulted in 37 securities trading in the main and US dollar markets, leading to 14 securities advancing, 13 declining and 11 trading firm, compared to 38 securities trading on Monday. Shares totaling 65,134,390 units valued at $273,353,099 traded compared to 27,179,057 units valued at $283,797,972 changing hands on Monday.
At the close of trading, Sagicor Select Fund traded at a record high of $1.75 after posting a record high of $1.98 for the day and JMMB Group 7.5% preference shares ended at a 52 weeks’ low of 77 cents. Pulse Investments traded at an intraday 52 weeks’ closing high of $4.50 but closed down at the close and Sygnus Credit Investments traded at an intraday record high of $27 but closed down for the day, at $23.95.
Sagicor Select Fund led trading with 41.6 million units for 64 percent of total volume, Wigton Windfarm followed with 16.3 million shares accounting for 25 percent of the day’s trade, Victoria Mutual Investments traded 1.67 million for 2.6 percent of total main market volume and JMMB Group 7.5% preference shares ended with 1.5 million shares.
The market closed with an average of 1,915,717 units valued at an average of $8,039,797 for each security traded. In contrast to 754,974 units valued at an average of $7,883,277 on Friday. The average volume and value for the month to date amounts to 910,009 units valued at $7,834.486 and previously, 901,908 units valued at $7,795,047. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ending with bids higher than their last selling prices and 2 with lower offers.
In the main market activity, Barita Investments gained $1.99 to end at 89.98 with 24,197 shares changing hands, Caribbean Cement ended with a loss of $1 at $79 with 43,310 stock units changing hands, Carreras gained 75 cents to end at $8.74 with 290,037 stock units trading, Grace Kennedy declined 50 cents in trading of 108,296 units at $69.50. Jamaica Broilers exchanged 97,721 shares but dropped $1 to close at $35, Jamaica Stock Exchange dropped $1.75 trading 106,091 shares to end at $25.75, Kingston Wharves lost $3.66 while trading 1,667 shares to end at $65.84, NCB Financial jumped $4.50 in exchanging 361,554 units to close $220. PanJam Investment lost $5 in trading of 113,323 units at $100, Portland JSX fell 35 cents in exchanging 4,887 shares at $7.55, Pulse Investments closed trading of 377,004 units and gained 60 cents to end at $ 3.70, Sagicor Group dipped $1 in trading 279,331 shares to end at $7. Sagicor Real Estate Fund climbed 34 cents trading 58,424 shares to end $11.15, on the second day of trading on the local market. Scotia Group closed trading of 111,212 units and gained 30 cents to end at $ 56.60, Supreme Ventures climbed 60 cents and exchanged 35,041 shares at $28.60, Sygnus Credit Investments fell $2.05 in trading 126,734 shares to end at $23.95 and Wisynco Group exchanged 318,832 units after falling $4.03 to close at $19.92.
Trading in the US securities market resulted in 487,317 units valued $73,780 changing hands. Margaritaville traded with 2,000 shares to settle at 25 US cents, Proven Investments gained one cent and closed at 25 US cents with an exchange of 122,860 shares and Sygnus Credit Investments traded 362,457 shares but slipped 1 cent to end at 11 US cents. The JSE USD Equities Index declined by 0.81 points to close at 186.56.

Junior Market pulls back – Monday

Stationery & Office Supplies hit new high after posting good Q2 results.

The Junior Market of the Jamaica Stock Exchange a breather, in trading on Monday, with the market index slipping 11.94 points to close at 3,589.03 with advancing stocks edging decliners.
Junior Market ended trading with 33 securities changing hands, compared to 29 on Friday, as prices of 15 securities rose, 13 declined and 5 remained unchanged.
Lasco Manufacturing that closed at $5.50 and Stationery and Office Supplies closing $15.69 ended trading at 52 weeks’ highs.  
Market activities resulted in an exchange of 5,270,328 units valued at $23,915,373 down 8 percent from 5,740,137 units valued at $27,712,664 trading on Friday.
The average trade for the day was 159,707 units for an average of $724,708 in contrast to 197,936 units for an average of $955,609 on Friday. The average volume and value for the month to date amounts to 180,478 units valued at $826,356 and previously 184,657 units valued at $846,809 for each security traded. July ended with an average of 138,412 units at $563,215 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks closing with higher bids than their last selling prices and 2 closing with lower offers.
Stocks ending with price changes| AMG Packaging declined by 7 cents exchanging 31,174 shares to close at $2.25, Blue Power lost 53 cents to close at $8 in trading 6,814 shares, Caribbean Cream traded 25,000 units with a gain of 5 cents to end at $5.05, Caribbean Flavours gained $1.50 to end at $15.50 with 1,789 stock units changing hands. Cargo Handlers ended trading with 70,346 shares, after rising 55 cents to end at $11.50, Caribbean Producers dipped 5 cents in trading of 547,528 units at $4.75. Derrimon Trading lost 3 cents in trading of 68,000 units at $2.72, Express Catering closed 5 cents higher at $6.40, with 67,104 stock units trading. Everything Fresh declined 15 cents in trading of 62,793 units at $1.70. Elite Diagnostic dipped 27 cents in trading of 134,121 units at $6.50, Fosrich Group lost 5 cents in trading 638,359 shares to close at 4.80 cents, Fontana fell 5 cents in trading 186,905 units to close at $8.05, General Accident declined 57 cents in trading of 66,006 units at $5.42. Honey Bun closed 20 cents higher at $6.20, with 136,460 stock units trading. iCreate closed trading of 72,000 units and gained 5 cents to end at 90 cents, Indies Pharma ended with a loss of 1 cent at $3.50 with 116,868 stock units changing hands, ISP Finance climbed $1.35 to settle at $15 with 5,000 shares changing hands, Jamaican Teas ended trading with 147,621 shares, after rising 40 cents to end at $6.40. Jetcon Corporation closed 15 cents higher at $1.95, with 32,690 stock units trading, Knutsford Express traded 590 shares and declined 80 cents to settle at $11.20, The Limners and Bards lost 50 cents to settle at $3 in trading 1,193,400 shares. Lasco Distributors fell 6 cents in trading of 794,236 units to end at $3.40, Lasco Financial exchanged 65,884 shares and rose 55 cents to end at $6.55, Lasco Manufacturing closed trading of 421,033 units with a gain of 25 cents to end at $5.50. Medical Disposables climbed 50 cents and exchanged 6,500 shares at $7.50, Main Event ended trading with 40,125 shares, after rising 50 cents to end at $7 and Stationery and Office Supplies gained $1.89 to end at an all-time closing high of $15.69 with 40,390 stock units Changing hands.

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

Increased trading on TTSE – Monday

Trading on the Trinidad & Tobago Stock Exchange on Monday resulted in 15 securities changing hands versus 13 on Friday with modest changes to the market indices.
Trading ended with 441,595 shares at a value of $6,727,127 compared to 364,633 shares at a value of $4,376,191 on Friday. Market activity ended with the prices of 2 stocks advancing, 5 declining and 8 remaining unchanged.
At the close of trading, the Composite Index lost 0.14 points to 1,396.77. The All T&T Index fell 0.83 points to 1,778.38, while the Cross Listed Index rose 0.08 points to close at 137.42.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended withstocks closing with bids higher than the last selling prices and 3 with lower offers.
Gains| First Citizens Bank rose 6 cents and completed trading at $40.05, with investors exchanging 246 shares and Scotiabank gained 10 cents to end at $59.98, after exchanging 40 shares.
Losses| Clico Investment Fund fell 3 cents to $24.07, with 180,040 stock units trading, CinemaOne closed with a loss of 60 cents at a 52 weeks’ low of $8.40, with an exchange of 117 units, Guardian Holdings shed 35 cents and ended at $18, with investors exchanging 47,512 units. Sagicor Financial lost 1 cent and ended at $10.10 in trading 68,808 shares and Trinidad & Tobago NGL traded 500 units and fell 10 cents to close at $27.90.
Firm Trades| First Caribbean International Bank ended at $8.35, with 580 stock units trading, Grace Kennedy settled at $3.55, with 15,270 units, JMMB Group ended at $2.19, with 122,740 stock units trading, One Caribbean Media ended at $10.10, after exchanging 97 shares. Prestige Holdings settled at $9, with 1,613 units, Republic Financial concluded at $121.29, with 2,341 units, West Indian Tobacco ended at $110, with investors exchanging 1,644 shares, Unilever Caribbean ended at $25, with 47 units crossing the exchange

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