IC Insider.com — Page 622

5 TTSE stocks rose 7 fall – Tuesday

July 2, 2019 by IC Insider.com

Market activity on the Trinidad & Tobago Stock Exchange ended on Tuesday with trading in 16 securities against 12 on Monday, with 5 advancing, 7 declining and 4 remaining unchanged.
At close of the market, the Composite Index lost 6.83 points to close at 1,387.06. The All T&T Index declined by 0.20 points to 1,799.20, while the Cross Listed Index fell 1.86 points to close at 131.79.
Trading ended with 251,890 shares at a value of $3,382,496, compared to 34,512 shares on Monday valued at $363,771.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 3 stocks with bids lower than their last selling prices and 6 with lower offers.
Stock closing with Gains| Guardian Holdings rose 10 cents and ended trading 21,243 shares at $18.50, Massy Holdings gained 5 cents to close at $55.05, with investors exchanging 773 shares, National Flour added 3 cents and ended at $1.72, in the swapping of 22,652 shares. Republic Financial Holdings added 1 cent and completed trading 224 units at $121.01 and Unilever Caribbean rose 25 cents and settled at $25.25, with 5,000 units changing hands.
Stock closing with Losses| Ansa Mcal ended trading 7,610 units, but lost 16 cents to settle at $55.02, Clico Investments fell 15 cents and settled at $24, with 40,459 stock units trading, Grace Kennedy closed with a loss of 2 cents at $3.23, with 4,350 units crossing the exchange. JMMB Group fell 4 cents and completed trading 20,000 stock units at $2.05, NCB Financial Group shed 49 cents and ended at $9.50, with 101,060 units changing hands, Scotiabank dropped 2 cents and closed at $62.25, with investors exchanging 238 shares and Trinidad & Tobago NGL declined 19 cents and ended at $28.31, with 3,875 units trading.
Firm Traded| One Caribbean Media settled at $10.10, with 5,108 stock units changing hands, Sagicor Financial closed at $10, with exchange of 13,714 stock units, Trinidad Cement completed trading of 5,401 stock units at $2.50 and West Indian Tobacco ended at $110.25, with 183 units crossing the exchange.

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

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Mcal, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, National Flour, NCB Financial Group, One Caribbean Media, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean, West Indian Tobacco

New Record close for JSE main market

July 1, 2019 by IC Insider.com

Stephen Facey Chairman & Paul Hanworth Chief Operating Officer of PanJam Investment.

The main market of the Jamaica Stock Exchange closed at a new record high on Monday, to start July positively after it surged sharply on Friday, as advancing stocks beat out declining ones more than two to one.
Trading ended with the JSE All Jamaican Composite Index jumping 2,640.19 points to a record close of 516,438.19 and the JSE Index climbed 2,399.24 points to a record close of 470,295.69.
At the close of trading, 17 securities advanced, 7 declined and 10 traded firm, as market activity ended with 27,938,388 units valued at $104,981,806 changing hands from 33 securities in contrast to 35,425,729 units valued at $129,457,755 trading from 35 securities changing hands on Friday.
Wigton Windfarm led trading with 16 million shares for 57 percent of total main market volume, followed by JMMB Group 7.5% preference share with 10 million units or 36 percent of total volume and Carreras with 370,717 stock units.
JMMB Group traded at a new all-time high of $40.31 and PanJam Investment closed trading at an all-time high of $101 after trading at $110.60 earlier in the day.
The market closed with an average of 873,075 units valued at an average of $3,280,681 for each security traded. In contrast to 1,073,507 units for an average of $3,922,962 on Friday. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 2 with lower offers.
In the main market activity, Barita Investments gained 70 cents to close at $45, in trading 79,209 shares, Caribbean Cement lost $1.70 to finish at $78.10, with an exchange of 18,797 shares, Grace Kennedy declined $2 to $65, with an exchange of 36,759 stock units, Jamaica Producers rose 90 cents and closed at $28.50, with 14,521 shares changing hands. Jamaica Broilers gained 85 cents in trading 31,514 units at $32, Jamaica Stock Exchange fell 90 cents and ended at $28, in exchanging 42,463 shares, JMMB Group gained 31 cents trading 49,096 shares to end at a record close of $40.51, Kingston Wharves jumped $2 and settled at $68, with an exchange of 11,082 units. PanJam Investment jumped $3.90 to settle at record close of $101 with 33,450 shares changing hands, Sagicor Real Estate Fund lost 67 cents to settle at $9.32, with 2,329 stock units trading, Salada Foods jumped $4 to $38 trading 6,165 stock units, Scotia Group gained $1.50 to settle at $59, trading 221,140 shares. Seprod increased $1 to end trading of 265,053 shares at $48.50, Sygnus Credit Investments rose 50 cents to close at $15.50, with 122,962 units trading and Wisynco Group lost 34 cents trading of 73,616 shares to close at $18.76.
Trading in the US securities market resulted in 3,556 units valued US$462 changing hands. Market activity ended with Sygnus Credit Investments rose 2.5 cents to close at 13 US cents, with 3,556 units. The JSE USD Equities Index closed 1.98 points higher at 186.11.

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

Sharp jump in Junior Market stocks

July 1, 2019 by IC Insider.com

Fontana hits new high on Monday.

The Junior Market Index jumped sharply by 61.52 points to 3,165.12 at the close on Monday with 23 securities changing hands, resulting in the prices of 12 securities rising, 7 declining and 4 remaining unchanged.
Pharmaceutical company, Fontana traded at a new all-time high of $5.59 but pulled back by the close to end at a 52 weeks’ high. Trading ended with an exchange of just 387,846 units valued at $1,455,265 down sharply from 3,027,637 units valued at $13,035,247 on Friday from 32 securities changing hands.
Trading ended with an average of 16,863 units for an average of $63,272 in contrast to 94,614 units for an average of $407,351 on Friday. June ended with an average of 166,169 units at $674,841 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, Access Financial rose by $1.30 in trading of 1,405 shares to end at $46.30, higher, AMG Packaging climbed 5 cents and exchanged 6,045 shares at $2.05, CAC 2000 settled at $1 higher at $15 but with only 100 stock units trading. Caribbean Flavours declined by 30 cents to settle at $14 after exchanging 5,550 units, Caribbean Producers gained 10 cents and exchanged 1,000 shares at $4.90. Derrimon Trading ended with a loss of 1 cent at $2.52 with 10,633 stock units changing hands, Dolphin Cove closed trading of 545 units to end at $12, Everything Fresh declined 3 cents trading of 47,743 units at $1.37, Express Catering ended trading with 100 shares, after rising 10 cents to end at $6.70. Fontana rose 45 cents to at a record close of $5.25, trading 88,773 stock units after hitting an all-time high of $5.59, FosRich Group traded of 8,620 units at $4.50, GWest Corporation closed at $1.21, with 74,425 stock units traded, General Accident ended trading with 7,115 shares, after rising 10 cents to end at $4.20. Honey Bun ended market activity exchanging 14,789 shares to close at $6.65 after falling 10 cents, Jetcon Corporation exchanged just 1,320 shares to close at $1.88, iCreate declined by 2 cents to settle at 72 cents with 43,220 shares changing hands, Indies Pharma fell 5 cents in trading of 1,600 units at $3.10. Lasco Distributors ended trading with 5,537 shares, after rising 10 cents to end at $3.40, Lasco Financial exchanged 2,255 shares, after rising 29 cents to end at $5, Lasco Manufacturing closed 20 cents higher at $4.25, with an exchange of 39,538 stock units, Main Event ended market activity exchanging 2,522 shares to close at $5.71 after falling 29 cents. Stationery and Office ended trading with 20,000 shares, after rising 69 cents to end at $9.70 and tTech closed 4 cents higher at $5.50, with 5,000 stock units changing hands.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, CAC2000, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, Dolphin Cove, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jetcon Corporation, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Stationery and Office, Trading Activity, tTech

Just one stock rose on TTSE – Monday

July 1, 2019 by IC Insider.com

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Market activity on the Trinidad & Tobago Stock Exchange ended on Monday with trading in 12 securities against 15 on Friday, with 1 advancing, 5 declining and 6 remaining unchanged.
At close, the Composite Index lost 0.21 points to 1,393.89. The All T&T Index fell 0.42 points to 1,799.40, while the Cross Listed Index remained unchanged at 133.65 points.
Trading ended with just 34,612 shares valued $363,771, compared to 622,719 shares on Friday valued at $25,058,154.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than their last selling prices and 4 with lower offers.
Stocks ending with gains| Sagicor Financial rose 5 cents to close at $10, with 3,429 units crossing the exchange.
Stocks closing with losses| Clico Investments closed with a loss of 15 cents at $24.15, while swapping 2,400 shares, Scotiabank closed with a loss of 13 cents at $62.27, with an exchange of 200 units, Trinidad & Tobago NGL shed 1 cent to end at $28.50, with investors trading 553 shares. Trinidad Cement dropped 5 cents to end at $2.50, with 20,926 units crossing the exchange and West Indian Tobacco declined 2 cents and settled at $110.25, with 488 stock units changing hands.
Stocks closing firm| Calypso Macro Index Fund ended at $14.50, with 100 stock units trading, First Caribbean International Bank settled at $8.32, with investors exchanging 1,875 shares, First Citizens concluded market activity at $40, in swapping of 2,551 shares. Guardian Holdings settled at $18.40, with 550 units changing hands, JMMB Group ended at $2.09, trading 1,500 units and Republic Financial Holdings ended at $121, after exchanging 40 shares.

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

Filed Under: Stock Market, TTSE Market Tagged With: Calypso Macro Index Fund, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Guardian Holdings, JMMB Group, NCB Financial Group, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, West Indian Tobacco

Big surprise in IC TOP 10 changes

June 30, 2019 by IC Insider.com

Sygnus Credit leaps into TOP10.

Sygnus Credit Investments is back in the main market TOP 10 and now sits close to the top, replacing Grace Kennedy that rose to $67 on Friday in a week when the main market closed at another record high.
strong>Sygnus jumped in, based on a switch to earnings for the new fiscal year starting in July. Junior Market Fontana and Elite Diagnostic are now in the upper half of the Junior Market TOP 10, both are now supported by 2020 earnings that are higher than for the year just ended. Everything Fresh and Main Event eased out of the Junior Market listing. Earnings of Wisynco Group, a former TOP 10 listing, have also been switched to 2020 fiscal year earnings, but with the price having risen strongly this year, potential gains will not be sufficient to put it in the list any time soon.
Junior Market stocks continue to struggle to get investors’ attention but the market is consolidating with investors targeting a select group and is poised for a takeoff very soon with the market highly undervalued, currently.
The three most attractive Junior Market stocks are, Iron Rock with projected gains of 243 percent, followed by Caribbean Producers 233 percent and Elite Diagnostic with possible gains of 225 percent.
Radio Jamaica heads the main market with 170 percent potential gains followed by Sygnus Credit Investments with expected gains of 167 percent and Sterling Investments in third spot with the potential to gain 163 percent by March next year.
The main market, closed the week with the overall PE at 15.2 and the Junior Market at 11.2. The PE ratio for Junior Market Top 10 stocks averages 6.7 and the main market PE 8.9. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 40 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 41 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential 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 interest in the securities commented on.

Filed Under: Buy Rated Tagged With: Berger Paints, Caribbean Producers, Daily Trading, Emerging markets, General Accident, Grace Kennedy, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Lasco Financial, Main Event, Medical Disposables, Radio Jamaica, Sagicor Group, Stanley Motta, Sterling Investments, Stocks to Watch, TOP 10 stocks, Trading Activity, tTech, Victoria Mutual Investments

JSE majors up 23% in 2019 on record close

June 28, 2019 by IC Insider.com

New record high for the JSE main market.

The main market of the Jamaica Stock Exchange arrested the three days of decline with a big jumped to a new record closed on Friday that pushed the market up by a strong 23 percent with half the year ending.
JSE All Jamaican Composite Index leaped 9,055.04 points to a record close of 513,798.00 and the JSE Index advanced 8,228.65 points to 467,896.45.
At the close of trading, the prices of 18 securities advanced, 8 declined and 9 traded firm, as 35 securities traded, similar to Thursday’s level. Market activity ended with 35,425,729 units valued at $129,457,755 trading in contrast to 77,203,790 units valued $218,055,968 on Thursday.
Wigton Windfarm led trading with 31 million shares for 87 percent of total main market volume, followed by Mayberry Jamaican Equities with 2 million units or 6 percent of total volume and Scotia Group with 344,363 stock units. JMMB Group and Sagicor Group closed trading at an all-time high.
The market closed with average of 1,073,507 units valued at an average of $3,922,962 for each security traded. In contrast to 2,339,509 units for an average of $6,607,757 on Thursday. The average volume and value for the month to date amounts to 1,608,485 units valued at $19,605,318 and previously, 1,635,033 units valued at $20,425,473. In contrast, May closed with an average of 2,248,261 units at an average of $12,751,529 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and none with a lower offer.
In the main market activity, Barita Investments gained 33 cents and closed at $44.30, in trading 2,251 shares, Caribbean Cement jumped $3.29 to finish at $79.80, with an exchange of 2,194 shares, Grace Kennedy climbed $2 to $67, with 87,592 stock units traded, Jamaica Broilers dropped $1.85 and finished trading 150,960 units at $31.15. Jamaica Stock Exchange climbed $1.40 and ended at $27.50, in exchanging 42,784 shares, JMMB Group gained 70 cents trading 145,312 shares to end at a record close of $40.20, Kingston Wharves declined $1.50 and settled at $66, with an exchange of 9,025 units. Mayberry Jamaica Equities rose 35 cents and ended trading 2,008,623 shares at $11.50, NCB Financial Group advanced $1 to end at $190, with 43,669 units changing hands, PanJam lost 90 cents to settle at $97.10 with 23,780 shares changing hands. Portland JSX ended trading of 73,099 stock units with a gain of $1.05 to close at $8.55, Pulse Investments rose 29 cents trading 1,000 units in closing at $2.79, Sagicor Group rose $1.05 to end at a record close of $57.05, with 197,070 shares trading. Sagicor Real Estate Fund rose 99 cents to settle at $9.99, with 81,613 stock units trading, Scotia Group gained 50 cents to settle at $57.50, trading 344,363 shares, Seprod declined $2.49 to end trading of 17,650 shares at $47.50, Supreme Ventures added $1 and closed at $28, with an exchange of 175,517 units and Sygnus Credit Investments lost 45 cents to close at $15, with 219,970 units trading.
Trading in the US securities market resulted in 14,600 units valued $24,268 changing hands. Market activity ended with JMMB Group 5.75% settled at US$2, trading 11,000 shares and Productivity Business traded closed at 60 US cents with 3,600 stock units trading. Proven Investments lost 1 cent in trading 208,315 shares to close at 24 US cents and JMMB group 6% USD preference share closed at US$1.04 trading 11,103 shares. The JSE USD Equities Index closed unchanged at 184.13.

15 Junior Market stocks gained

June 28, 2019 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange ended on trading Friday, with 32 securities changing hands and the prices of 15 securities rising, 9 declining and 8 remaining unchanged.
At the close, the market Index advanced 12.33 points to close at 3,103.60. On the final trading day of June, 3,027,637 shares valued at $13,035,247 changed hands, compared to 11,216,280 units valued at $36,194,066 from securities 27 trading on Thursday.
At the halfway mark for the year, the Junior Market is down 4.4 percent with the PE of the market at just 11 times current year’s earnings. At the end of June 2018, the market gained of 11 percent with the PE at that is similar to this year’s.
Trading ended with an average of 94,614 units for an average of $407,351 in contrast to 415,418 units for an average of $1,340,521 on Thursday. The average volume and value for the month to date amounts to units 166,169 for an average of $674,841 and previously, 170,386 for an average of $690,604. In contrast, May ended with an average of 81,626 units for $311,248 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 12 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, Access Financial close with a loss of $1.50 at $45, in trading 290 shares, AMG Packaging rose 1 cent in exchanging 4,582 shares at $2, Blue Power ended trading with 134,658 shares, after rising 21 cents to end at $5, Cargo Handlers exchanged 4,395 shares at $9.50. Caribbean Cream traded 146,395 shares and declined by 2 cents to settle at $5.25, Caribbean Producers traded 722,891 units at $4.80, Derrimon Trading dipped 2 cents in trading 116,581 units at $2.53. Dolphin Cove closed trading of 2,155 units to end at $12, Elite Diagnostic climbed 1 cent and exchanged 138,061 shares at $4, Everything Fresh traded 69,307 units at $1.40, Express Catering closed trading of 41,574 units and gained 40 cents to end at $6.60. FosRich Group dipped 20 cents in trading of 9,300 units at $4.50, Fontana ended trading with 77,547 shares, after rising 18 cents to end at $4.80. GWest Corporation closed 6 cents higher at $1.21, with 102,253 stock units traded, Honey Bun lost 25 cents trading 9,678 units at $6.75, iCreate ended trading with 90,000 shares, after rising 4 cents to end at 74 cents, Indies Pharma exchanged 210,899 shares, after rising 12 cents to end at $3.15. Iron Rock shed 5 cents in trading of 143,183 units at $3.50, Jamaican Teas climbed 7 cents in exchanging 59,500 shares at $4.25, Jetcon Corporation climbed 13 cents and exchanged 25,872 shares at $1.88, Key Insurance closed with a loss of 35 cents at $3.35, in swapping of 4,400 shares. KLE Group ended trading with 34,000 shares, after rising 20 cents to end at $2.35, Knutsford Express finished trading 8,566 shares and rose $1 higher to $12.50, Lasco Distributors traded 46,835 units to close at $3.30, Lasco Financial closed trading of 6,700 units and gained 1 cent to end at $4.71. Lasco Manufacturing declined by 15 cents to settle at $4.05 in trading 477,000 units, Medical Disposables traded 28,592 units at $6.70, Paramount Trading closed trading 2,690 units at $2, Stationery and Office closed with a loss of 59 cents at $9.01, in the swapping of 148,000 shares and tTech ended trading with 37,141 shares, after rising 16 cents to end at $5.46. In the Junior Market preference segment, CAC 2000 closed trading of 1,000 units and gained 15 cents to end at $1.15.

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, 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, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity, tTech

TTSE stocks up 7% to June

June 28, 2019 by IC Insider.com

Market activity on the Trinidad & Tobago Stock Exchange ended the first half of the year with a rise of 7 percent for the overall market by the close on Friday that compares favourably with a 2.5 percent decline at the same time last year.
The market closed with trading in 15 securities against 14 on Thursday, with 3 advancing, 4 declining and 8 remaining unchanged.
The Composite Index rose 0.67 points to 1,394.10, the All T&T Index slipped 0.15 points to 1,799.82 and is up 5.6 percent for the year to date, while the Cross Listed Index rose 0.21 points to close at 133.65 for a 10 percent rise in 2019. Trading ended with 622,719 shares valued $25,058,154 changing hands, compared to 81,690 shares valued $2,307,759 on Thursday.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 3 stocks with higher bids than their last selling prices and 2 with lower offers.
Stocks ending with gains| Grace Kennedy rose 5 cents and ended at $3.25, with 99,600 stock units trading, JMMB Group closed with a gain of 4 cents at $2.09, after exchanging 2,000 shares and Trinidad Cement gained 5 cents to close at $2.55, with the trading of 550 stock units.
Stocks closing with losses| Guardian Holdings fell 10 cents and completed trading at $18.40, with 2,808 units crossing the exchange, One Caribbean Media share fell 1 cent and ended at $10.10, with 40,956 units, Sagicor Financial closed 6 cents and ended at $9.95, with 12,586 units and Trinidad & Tobago NGL shed 1 cent and settled at $28.51, with 48,343 units.
Stocks closing firm| Clico Investments ended at $24.30, with 250 units crossing the exchange, First Citizens Bank traded 620 stock units in settling at $40, Massy Holdings exchanged 412,801 units at $55, National Flour settled at $1.69, with 1,511 units crossing the exchange. Point Lisas completed trading of 500 units at $3.62, Republic Financial Holdings ended at $121, after swapping 150 shares and West Indian Tobacco completed trading of just 19 units at $110.27.

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

Filed Under: Stock Market, TTSE Market Tagged With: Agostini's, Cinemaone, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, National Flour, One Caribbean Media, Point Lisas, Republic Financial Holdings, Sagicor Financial, Trading Activity, Trinidad & Tobago NGL, TTSE, West Indian Tobacco

Another down day for JSE majors

June 27, 2019 by IC Insider.com

The main market of the Jamaica Stock Exchange dropped for the third consecutive day on Thursday with JSE All Jamaican Composite Index falling by 1,797.60 points to 504,742.96 and the JSE Index declining 1,633.55 points to 459,667.80.
t the close of trading, the prices of 14 securities advanced, 14 declined and 7 traded firm, as 35 securities traded, compared to 34 on Wednesday. Market activity ended with 77,203,790 units valued $218,055,968, in contrast to 40,756,441 units valued $109,292,243 on Wednesday.
Wigton Windfarm led trading with 72 million units or 93 percent of total main market volume, Carreras with 2 million shares changing hands, equating to 2.65 percent of total trades, followed by Radio Jamaica with 354,319 stock units with less than one percent of the day’s trades. Sagicor Group closed trading at an all-time high of $5.
The market closed with average of 2,339,509 units valued $6,607,757, in contrast to 1,273,639 shares valued at $3,415,383 on Wednesday. The average volume and value for the month to date amounts to 1,635,033 units valued at $20,425,473 and previously, 1,598,249 units valued at $21,187,989. In contrast, May closed with an average of 2,248,261 units at an average of $12,751,529 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 1 with a lower offer.
In the main market activity, Barita Investments added 47 cents closed at $43.97, in trading 10,516 shares, Carreras fell 20 cents trading 2,048,658 units at $8, Caribbean Cement lost $2.49 to finish at $76.51, with an exchange of 183,964 shares, Jamaica Producers gained 46 cents to close at $27.46, trading 38,771 shares. Jamaica Stock Exchange climbed $2.51 and ended at $27.50, in exchanging 321,775 shares, JMMB Group gained 34 cents trading 86,192 shares to close at $39.50, PanJam climbed $2.50 to settle at $98 with 102,776 shares changing hands. Portland JSX ended trading of 2,000 stock units with a loss of 50 cents at $7.50, Pulse Investments lost 22 cents trading 183,378 units in closing at $2.50, Salada Foods gained $2.70 to end at $34, trading 2,870 shares, Sagicor Group rose 30 cents to close at $56, with 44,987 shares trading. Sagicor Real Estate Fund lost 50 cents to settle at $9, with 2,200 stock units trading, Scotia Group lost $1 to settle at $57, trading 189,636 shares, Seprod rose 49 cents and ended trading 155,183 shares at $49.99. Stanley Motta rose 48 cents in exchanging 4,150 shares at $5 and Supreme Ventures fell $1 and closed at $27, with an exchange of 145,418 units.
Trading in the US securities market resulted in 219,418 units valued at $61,585 changing hands. Market activity ended with Proven Investments lost 1 cent in trading 208,315 shares to close at 24 US cents and JMMB group 6% USD preference share closed at US$1.04 trading 11,103 shares. The JSE USD Equities Index lost 0.34 points to close at 184.13.

Rising Junior Market volume lower prices

June 27, 2019 by IC Insider.com

Junior Market stock trading.

The Junior Market of the Jamaica Stock Exchange ended trading on Thursday, with an exchange of 11,216,280 units valued at $36,194,066 compared to 3,778,290 units valued at $13,398,281 on Wednesday.
At the close of market activities, with 27 securities changed hands, down from 28 trading on Wednesday as the prices of 6 securities advanced, 9 declined and 12 remained unchanged. The market Index dropped 14.86 points to close at 3,091.27.
Trading ended with an average of 415,418 units for an average of $1,340,521 in contrast to 134,939 units for an average of $478,510 on Wednesday. The average volume and value for the month to date amounts to units 170,386 for an average of $690,604 and previously, 157,565 for an average of $656,597. In contrast, May ended with an average of 81,626 units for $311,248 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 3 with a lower offer.
At the close of the market, Access Financial rose $3 to close at $46.50 after trading just 100 shares, AMG Packaging closed at $1.99 with 14,425 stock units changing hands, Blue Power declined by 16 cents to settle at $4.79, Caribbean Cream closed trading 28,640 units at $5.27, Caribbean Producers traded 27,541 units at $4.80. Derrimon Trading ended market activity in exchanging 18,202 shares to close at $2.55 after falling 3 cents, Dolphin Cove closed trading of 4,409 units and gained 25 cents to end at $12, Elite Diagnostic ended trading with 18,067 shares at $3.99. Everything Fresh exchanged 188,461 units at $1.40, Express Catering ended market activity exchanging 94,422 shares to close at $6.20 after falling 80 cents, Fontana closed trading of 239,209 units with a rise of 7 cents to end at $4.62. FosRich Group close with an exchange of 12,066 units at $4.70, General Accident traded 105,404 units to end at $4.10, GWest Corporation gained 11 cents to end at $1.15, in trading 277,027 units, iCreate ended market activity exchanging 12,930 shares to close at 70 cents. Indies Pharma traded of 8,634,384 units at $3.03, Iron Rock closed with a loss of 7 cents at $3.55, in swapping 66,702 shares, Jamaican Teas fell 12 cents trading 36,649 units to close at $4.18. Jetcon Corporation lost 5 cents in trading of 177,109 units at a 52 weeks’ low of $1.75, Knutsford Express closed at $11.50 with 9,450 stock units changing hands, Lasco Distributors dipped 9 cents in trading of 28,853 units at $3.30, Lasco Financial traded 156,112 units to close at $4.70. Lasco Manufacturing climbed 10 cents and exchanged 938,182 shares at $4.20, Medical Disposables traded 7,786 units at $6.70, Paramount Trading fell 45 cents in trading 5,861 units at $2, Stationery and Office Supplies climbed 2 cents and exchanged 93,187 shares at $9.60 and tTech decline 5 cents in trading of 1,100 units at $5.30.