Junior Market drops 90 points in July

July 15, 2019 by

Fontana ended at a record close of $6.20.

It has not been a good July for the Junior Market of the Jamaica Stock Exchange so far, as the market index continuing to slide, with a 26.77 points fall on Monday on top of the 26.62 points drop on Friday.
The market that started the month at 3,103.60 has now lost 90 points to close at 3,013.40 on Monday on a day when declining stocks outnumbered rising stocks 3 to 1.
Trading ended on Monday with 30 securities changing hands, similar to Friday’s level, resulting in an exchange of 2,734,886 units valued at $7,413,545 compared to 2,783,254 units valued at $9,535,345 on Friday. At the close of market activities, the prices of 5 securities advanced, 14 declined and 11 remained unchanged.
Trading ended with an average of 91,163 units at $247,118 for each security trading, in contrast to 92,775 units for an average of $317,845 on Friday. The average volume and value for the month to date amounts to 90,896 shares valued at $308,570 for each security traded, compared to 90,868 shares valued at $314,884 traded previously. June ended with an average of 166,169 units at $674,841 for each security traded.
Fontana closed at an all-time high of $6.20, GWest Corporation closed at a 52 weeks’ low of 70 cents and Jetcon Corporation ended at a 52 weeks’ low of $1.60.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 closed with lower offers.
Stocks ending with price changes| AMG Packaging climbed 11 cents in exchanging 35,696 shares at $2.27,after trading as high as $2.50, with investors responding positively to improved profit posted for the company’s May quarter. Blue Power traded 1,550 shares, after rising 40 cents to end at $5.35, Caribbean Producers lost 4 cents trading 5,260 shares to close at $4.76, Consolidated Bakeries ended market activity exchanging 58,600 shares to close at $1.80 after falling 10 cents. Derrimon Trading ended trading with 78,832 shares, after rising 13 cents to end at $2.30, Express Catering declined 65 cents in trading of 44,521 units at $6.10. Everything Fresh ended market activity in exchanging 84,200 shares to close at $1.36 after falling 4 cents, Elite Diagnostic fell 15 cents trading 4,210 units at $4.80. Fosrich Group dipped 10 cents in trading of 29,637 units at $4.10, Fontana closed trading of 171,573 units and gained 13 cents to end at $6.20. General Accident lost 10 cents trading 1,540 units at $4.20, Gwest Corporation declined 14 cents in trading of 558,259 units to end at an all-time closing low of 70 cents, Honey Bun lost 5 cents in exchanging 6,000 units at $5.95, Jamaican Teas dipped 5 cents in with 44,032 units changing hands at $4.40. Jetcon Corporation declined 35 cents to end at a 52 weeks’ low of $1.60, trading 85,000 shares, Key Insurance ended market activity exchanging 2,021 shares, to close at $2.90 after falling 10 cents. Lasco Financial ended with a loss of 1 cent at $4.49 with 18,200 stock units changing hands, Lasco Manufacturing climbed 14 cents after exchanging 134,182 shares at $4.20 and Main Event lost 38 cents in trading 12,734 shares to close at $6.32.

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

Filed Under: Company News Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Trading drops sharply on TSE – Monday

July 15, 2019 by

Junior Market volume contracts on Thursday.

Trading activity dipped sharply on the Trinidad & Tobago Stock Exchange on Monday with just 76,614 shares valued $1,275,582 traded, compared to 561,729 shares valued at $5,509,075 on Friday.
Market activity ended with 14 securities trading against 19 on Friday. At the close on Monday, 2 stocks advanced, 4 declined and 8 remained unchanged.
At close of the market, the Composite Index slipped just 0.26 points to 1,384.28. The All T&T Index declined a mere 0.51 points to 1,788.27, while the Cross Listed Index remained unchanged to close at 132.55.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended at 4 stocks with bids that were higher than their last selling prices and 3 with lower offers.
Gains| Calypso Macro Index Fund rose 50 cents to close at $14.50 with 25 shares trading and Massy Holdings rose 2 cents to close at $55.10, with just 36 stock units changing hands.
Losses| Clico Investment Fund fell 5 cents to $24.20, with 10,782 stock units trading, Guardian Media shares lost 50 cents trading of 6,300 shares at a 52 weeks’ low of $11, Trinidad & Tobago NGL declined 5 cents trading 7,283 units to close at $28 and West Indian Tobacco closed with a loss of 2 cents at $110.25, with 365 stock units trading.
Firm trades| First Caribbean Bank completed trading at $8.32, after exchanging 1,000 shares, First  Citizens Bank settled at $40.03, with 850 units crossing the exchange, Guardian Holdings ended at $18.40, with 2,000 stock units changing hands, NCB Financial settled at $9.50, with investors exchanging 11,371 shares. Point Lisas completed trading of 1,290 stock units at $3.45, Sagicor Financial settled at $10, with 32,175 stock units changing hands, Scotiabank closed at $60, with 3,032 units trading and Unilever Caribbean ended at $25, after exchanging 105 shares.

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

Filed Under: Company News Tagged With: , , , , , , , , , , , , , , , , , ,

Watch Barita Investments again

July 15, 2019 by

Barita Investments headquarters

Barita Investments rose sharply last week to close at a record high of $83 after posting blockbuster quarterly results, the price could climb higher and is still one to watch.
NCB Financial continues to create waves and seems poised to move higher over the coming months with the next quarter’s earnings due out next week. Investors are eagerly awaiting them.
Caribbean Cement failed to break higher during the past week, with results for the June quarter due out at the end of July, investors could get an incentive to buy the stock more aggressively.  Sygnus Credit Investments is coming into its own with limited supply of the stock for sale. Wisynco Group came back into the spotlight with demand pushing the price just under $20.
Fontana that continues to trade around $6, seems poised to slowly move higher as the new Kingston branch, moves closer to opening in September.

Wisynco came into inctreased buying in the past week.

Stationery and Office Supplies still has little supply offered for sale and could break over the $10 barrier at any time, especially with the June quarter ended. Elite Diagnostic with rising demand and slowing supplies seems set to bounce, having traded at $5. The company’s new branch in St Ann is slowing being built just outside of St Anns Bay at Drax Hall and may not be far from completion. Elite has more than 418,000 units on offer at $5 and that could constrain upward price movement for some time, if the selling remains during the week. Lasco Financial price bounces around $4.50. The stock is undervalued and could see increased buying interest, ahead of the June quarter results.
A number of other companies will be releasing 2019 second quarter results, between this week and mid- August that could move prices.

Filed Under: Stock Market, Stocks to watch Tagged With: , , , , , , ,

Watch this one – RJR Group

July 15, 2019 by
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Investors should be watching keenly developments at Radio Jamaica as the company seems poised for a turnaround in its fortunes.
The company today reported to the Jamaica Stock Exchange that a connected party purchased 26.5 million of the company’s shares on July 5, 2019. The trade took place at $1.03 and is very significant, sending a strong message of the group fortunes ahead, but few are watching this one. The RJR purchase may not mean much to most, but IC Insider.com assessment of recent results suggests otherwise.
In November last year, IC insider.com posted an article, captioned “NCB Insiders sending a powerful message.” The article highlighted the fact that some directors and executives at NCB Financial Group see big things ahead, to have put down $650 million in buying a block of 4,793,610 shares close to the highest price it traded at in recent times. Since then the stock rose from $136 to more than $200 for a gain of 47 percent, with more to come.
RJR Group, reported profits that more than doubled in the December quarter from $79 million to $168 million on revenues that climbed from $1.39 billion to $1.5 billion but for the year to March this year, the group reported a small loss of $22 million thus reversing the profit of $34 million at the end of December 2018. Operating revenues rose an attractive 9.7 percent in the March quarter to reach $1.29 billion, segment results show that revenues grew 5.3 percent for television, 7.4 percent for radio and 8.2 percent for print in the March quarter over the prior year’s March quarter. Some cost incurred in the 2019 fiscal year will not repeat in 2020, while income as a result of the World Cup football, will not recur. The group lost around $40 million in doing world cup coverage and that loss will disappear in 2020. RJR ended the year with shareholders’ equity of $2.35 billion, borrowings of $387 million. Current assets amounted to $1.5 million with cash funds at $448 million and current liabilities at $662 million. In spite of the loss for the fiscal year, gross cash inflows amounted to $485 million.
The gains in revenues are an important message about future income and a very good indication that the 2020 fiscal year should be a profitable one. The purchase of the block of shares when coupled with growth in revenues seems a positive indicator of what to expect for 2020.
There are a few other indicators as well. Some entities placing advertisements in the Gleaner faced cancellation as a section of the paper attracted increased business that they had to turn away advertising and that seemed to have gone on for weeks in the June quarter. Faced with a growing economy with sales rising as well as increased competition companies will spend more on advertising to move more products and services, a trend that should continue going forward. Of significance, is that GDP growth in the first quarter of 2019 is 21 percent faster than in the same period in 2018 if this trend continues for the rest of the year growth would be in the 2.5 percent level or more. That would mean more advertising dollar spend and the RJR Group is in a good position to benefit from that going forward.
IC Insider.com projects 15 cents per share in earnings for 2020 with the stock that traded at $1.10 on the Jamaica Stock exchange on Friday, is now at a PE of just 7, well under the market average of 15.6.

Filed Under: Company News, Company Results, Stock Market, Stocks to watch Tagged With: , ,

Limners & Bards IC TOP 10 stock

July 15, 2019 by

Limners and Bards the latest IPO to hit the market, made it to the Junior Market TOP 10 with the potential to double in price, notwithstanding the critical information that is missing from the prospectus.
Jamaica Broilers returns to the main market list as Grace Kennedy graduated with a rise in the stock price. AMG Packaging released nine months results that showed 28 percent rise in pretax profit for the third quarter but that was not good enough. Earnings for the 2019/20 fiscal year, were downgraded to 20 cents per share. That level of earnings was not good enough to keep it in the TOP 10 list.
In the past week, the main market continues to hit new record highs, closing the week at another all-time high on its way to over 700,000 points for the All Jamaica Index. Momentum continues to move the market away from long-term resistance at 520,000 points.
The Junior Market is struggling, with few new company results out to help with upward move. Fontana and Elite Diagnostic two TOP 10 listings hit new record highs during the week with a few others hitting 52 weeks’ lows.
Junior Market stocks continue to struggle to get investors’ attention. With the market consolidating and the expectation of mostly positive results to the market is poised for a takeoff soon with the market highly undervalued.
The three most attractive Junior Market stocks are, Iron Rock with gains of 243 percent, followed by Caribbean Producers with projected gains of 233 percent and tTech with possible gains of 191 percent.
Sterling Investments heads the main market with 179 percent potential gains followed by Radio Jamaica with expected gains of 173 percent and Sygnus Credit Investments in third spot with the potential to gain 154 percent by March next year.
The main market, closed the week with the overall PE at 15.6 and the Junior Market remains for the second week at 10. The PE ratio for Junior Market Top 10 stocks averages 7.2 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 28 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 43 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: , , , , , , , , , , , , , , , , , , ,

New record close for JSE majors – Friday

July 12, 2019 by

Barita Investments jumped 84% in a week.

Barita Investments jumped another $14 on Friday on top of the $12 it climbed on Thursday to closed a new record high of $83 as it contributed to the record close for the Jamaica Stock Exchange at main market.  
Barita gained a stunning 84 percent since Thursday last week, after the company announced they were the consideration of another rights issue and reported blockbuster profits.
Trading ended with the JSE All Jamaican Composite Index surged 7,505.41 points to record close at 537,923.28 and the JSE Index 6,820.45 points to record close at 489,820.03. The JSE Financial Index added 2.78 points in closing at 132.31 points.
Market activity resulted in 37 securities trading in the main and US dollar markets and leading to 18 securities advancing, 16 declining and 3 trading firm, this compares to 36 securities on Thursday.  Trading ended with 21,073,881 units valued $137,343,684 compared to 40,555,987 units valued at $630,491,986 changing hands.
Wigton Windfarm led trading with 14.5 million shares for 69 percent of total main market volume, followed by JMMB Group 7.25% preference share with 2.3 million stock units for 11 percent of total volume and Supreme Ventures with 1.65 million shares for 8 percent of the day’s volume.
The market closed with average of 619,820 units valued at $4,039,520 for each security traded, in contrast to 1,228,969 units valued at $19,105,818 on Thursday. The average volume and value for the month to date amounts to 1,203,120 shares valued at $10,102,136 changing hands, compared 1,262,144 shares valued at $10,775,760 for each securities traded. 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 9 stocks ended with bids higher than their last selling prices and 4 with lower offers.
In the main market activity, Barita Investments surged $14 to end at a 52 weeks’ high of $83, with 11,864 stock units trading, Berger Paints lost 35 cents in the trading of 17,260 shares to close at $18, Caribbean Cement shed $1 to end trading of 5,270 shares at $78. Grace Kennedy dropped $3.97 trading 4,408 units, to end at $70, Jamaica Producers rose 50 cents in trading 126,136 shares to close at $27.50, JMMB Group declined $1 to end at a record close of $53, with 76,921 shares trading, Kingston Wharves lost $1 to end trading of 1,545 shares at $70. Mayberry Jamaican Equities rose 30 cents to close at $11.50 with 102,391 shares changing hands, NCB Financial dropped $4.73 trading 85,663 units to end at $200.27, PanJam Investment gained 50 cents and ended trading with 9,100 stock units at $99, Sagicor Group rose 26 cents trading 341,009 stock units to end at $54.50. Sagicor Real Fund climbed 98 cents to end trading with 17,391 units at $11, Salada Foods rose 50 to end at $33.50 in trading 10,000 shares, Scotia Group exchanged 107,923 shares but fell 50 cents to close at $57. Seprod lost 95 cents and settled at $47 in exchanging 20,450 shares and Supreme Ventures lost $2 and ended trading with 1,645,858 shares to close at $26.
Trading in the US securities market resulted in 95,243 units valued at US$47,506 changing hands. Market activity ended with JMMB Group 6% preference share with 41,992 units trading to end with a loss of 2 cents at US$1, Proven Investments added 0.69 cent trading 151 shares to close at 25.70 US cents and Sygnus Credit Investments with a rise of 0.02 cent to 10.5 US cents, in trading 53,100 units. The JSE USD Equities Index inched 2.47 points higher to 189.96.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Junior Market drops – Friday

July 12, 2019 by

Fontana ended at a record close of $6.07.

The Jamaica Stock Exchange Junior Market Index dived 26.62 points to close at 3,040.17 on Friday with three stocks hitting 52 weeks’ lows and two recording highs.
Trading concluded on Friday with 30 securities changing hands, up from 28 securities on Thursday. At the close the prices of 8 securities rose, 13 declined and 16 remained unchanged as 2,783,254 units valued at $9,535,345 changed hands, compared to 6,999,633 units valued at $19,497,999 on Thursday.
Trading ended with an average of 92,775 units for an average of $317,845 in contrast to 249,987 units for an average of $696,357 on Thursday. The average volume and value for the month to date amounts to 90,650 shares valued at $314,545 for each security traded compared to 90,650 shares valued at $314,545 traded previously. June ended with an average of 166,169 units at $674,841 for each security traded.
Fontana closed at an all-time high of $6.07, Elite Diagnostic traded at a 52 weeks’ high of $5.14 but pulled back at the close and GWest Corporation traded at a 52 weeks’ low of 70 cents before closing higher and Lasco Distributors ended at a 52 weeks’ low.
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 one closed with a lower offer.
Stocks ending with price changes| Access Financial declined 30 cents in trading 1,500 units at $43.20, AMG Packaging ended trading with 110,600 shares, after rising 16 cents to end at $2.16, after the company posted 28 percent increase in pretax profit for the third quarter to May and suggesting earnings in a full year of 12 cents per share. Blue Power fell 55 cents in trading of 81,109 units at $4.95, Caribbean Cream closed 2 cents higher at $5.56, with 9,850 stock units trading, Caribbean Flavours dropped $1.30 in trading of 11,831 units at $13, Derrimon Trading closed with a loss of 23 cents at $2.17, in swapping 437,640 shares. Express Catering closed trading of 150,668 units and gained 35 cents to end at $6.75, Elite Diagnostic climbed 25 cents and exchanged 24,410 shares at $4.95, after trading at a record high of $5.14, Fosrich Group ended market activity in exchanging 22,728 shares, to close at $4.20 after falling 5 cents. Fontana ended trading with 227,035 shares, after rising 7 cents to end at 52 weeks closing high of $6.07, Gwest Corporation closed 3 cents higher at 84 cents, with 167,462 stock units trading, but traded at an all-time low of 70 cents earlier in the trading session. Honey Bun ended market activity exchanging 87,841 shares to close at $6 after falling 21 cents, iCreate Limited ended with a loss of 1 cent at 71 cents with 551,200 stock units changing hands, Jamaican Teas shed 5 cents in trading of 36,000 units at $4.45, Jetcon Corporation lost 5 cents in exchanging 7,813 shares to close at $1.95. Knutsford Express lost 50 cents trading 108,090 units to close at $11. Lasco Distributors declined 30 cents trading of 466,362 units to end at a 52 weeks’ low of $3. Lasco Manufacturing lost 4 cents in exchanging 103,219 units at $4.06, Medical Disposables climbed 9 cents and exchanged 12,999 shares at $7.09, Main Event ended trading with 6,882 shares, after rising 99 cents to end at $6.70 and Stationery and Office Supplies ended market activity with 2,500 shares changing hands to close at $9.15 after falling 65 cents.

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

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Declining TSE stocks dominate market Friday

July 12, 2019 by

Market activity on the Trinidad & Tobago Stock Exchange ended on Friday with trading in 19 securities against 17 on Thursday, with 2 advancing, 10 declining and 7 remaining unchanged.
At close of the market, the Composite Index declined 4.51 points on Friday to 1,384.54. The All T&T Index fell 9.44 points to 1,788.78, while the Cross Listed Index rose 0.08 points to close at 132.55.
Trading ended with 561,729 shares at a value of $5,509,075, compared to 216,609 units valued $3,950,131 on Thursday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended at 2 stocks with bids that were higher than their last selling prices and 3 with lower offers.
Gains| Clico Investment Fund rose 10 cents to end at $24.25, with 29,548 units trading and Massy Holdings gained 58 cents and concluded trading of 25 stock units to close at $55.08.
Losses| Calypso Macro Index Fund fell $1 to close at $14 with 1,542 shares changing hands, First Citizens shares fell 7 cents and completed trading of 4,297 stock units at $40.03, Grace Kennedy lost 1 cent to close at $3.23, with 20,000 stock units changing hands. Guardian Holdings declined 10 cents and concluded trading of 13,960 stock units at $18.40, Guardian Media closed with a loss of $1.25 and settled at a 52 weeks’ low of $11.50 with an exchange of 100 units, National Flour closed 1 cent lower to at $1.70, with 433 stock units changing hands. One Caribbean Media shed 5 cents and settled at $10.10, with 4,275 units trading, Sagicor Financial closed with a loss of 1 cent at $10, after exchanging 106,521 shares, Scotiabank lost $2 to close at 52 weeks’ low of $60 in swapping of 960 shares and Unilever Caribbean dropped 30 cents and ended at $25 with 42,709 units changing hands.
Firm Traded| Ansa Mcal completed trading at $55.18, with 500 units crossing the exchange, CinemaOne closed at $9, in exchanging 1,000 units, First Caribbean International settled at $8.32, with investors exchanging 26,308 shares. JMMB Group finished trading 289,305 shares, to end at $2.25, NCB Financial settled at $9.50, after trading 9,135 shares and Republic Financial completed trading with 7,636 units at $121 and Trinidad & Tobago NGL ended trading 4,475 units at $28.05.

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

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , , , , ,

Big price gains for JSE stocks – Thursday

July 11, 2019 by

Barita stock price gained 53% in a week.

Barita Investments jumped $12 to a new record high, to lead a pack of stocks that jumped sharply on the Jamaica Stock Exchange at the close on Thursday, with the market ending with an overall gain.
Barita gained 53 percent since a week ago since the company announced that they were considering a rights issue and announced blockbuster profits. The move drove supply out of the market leaving only three offers at the close, with 230 units at $74, 2,800 shares at $85 and 2 million at $90. Other stocks with sharp gains are Eppley rising $2.49, Grace Kennedy up $5.97 to end at a closing record high, JMMB Group rising $5 to end at a closing all-time high, Kingston Wharves with a gain of $5.16 and NCB Financial pushed higher by $5 to end at a closing all-time high and Wigton Windfarm traded at a new all-time high.
Trading ended with the JSE All Jamaican Composite Index advanced by 2,296.18 points to close at 530,417.87 and the JSE Index rose 2,086.63 points to close of 482,999.58. The JSE Financial Index added 0.52 points in closing at 129.53 points.
Market activity resulted in 36 securities trading in the main and US dollar markets and leading to 14 securities advancing, 13 declining and 9 trading firm, this compares to 38 securities on Wednesday.  Trading ended with 40,555,987 units valued at $630,491,986 compared to 73,123,480 units valued at $311,695,529 changing hands.
Wigton Windfarm led trading with 27.4 million shares for 68 percent of total main market volume, as the stock traded at a new intraday high of $1.01. Sagicor Group ended with 8 million stock units for 20 percent of total volume and Jamaica Broilers with 3.4 million shares for 8 percent of the day’s volume.
The market closed with average of 1,228,969 units valued at $19,105,818 for each security traded, in contrast to 2,089,242 units valued at an average of $8,905,587 on Tuesday. The average volume and value for the month to date amounts to 1,262,144 shares valued at $10,775,760 changing hands, compared 1,265,757 shares valued at $9,768,829 for each securities traded. 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 9 stocks ended with bids higher than their last selling prices and 5 with lower offers.
In the main market activity, Barita Investments surged $12 to end at a 52 weeks’ high of $69, with 16,658 stock units trading, Berger Paints lost 60 cents in the trading of 3,436 shares to close at $18.35, Caribbean Cement gained $1 to end trading of 2,561 shares at $79, Eppley climbed $2.49 to $15.49, in exchanging 4,000 stock units. Grace Kennedy jumped $5.97 trading 63,206 units to end at a 52 weeks’ closing high of $73.97. Jamaica Producers rose 40 cents in trading 20,340 shares to close at $27, JMMB Group leaped $5 to end at a record close of $54, with 327,606 shares trading, Kingston Wharves jumped $5.16 and ended trading 18,850 shares at $71, Mayberry Jamaican Equities lost 40 cents to close at $11.20 with 105,483 shares changing hands. NCB Financial rose $5 trading 45,909 shares to end at a record closing high at $205, PanJam Investment lost 32 cents and ended trading with 13,455 stock units at $98.50, Sagicor Group lost $1.04 trading 8,078,497 stock units to end at $54.76. Sagicor Real Fund fell 73 cents to end trading with 17,697 units at $10.02, Seprod lost 95 cents and settled at $47 in exchanging 20,450 shares, Supreme Ventures rose 49 cents and ended trading of 28,030 shares to close at $28 and Wisynco Group gained 41 cents to settle at $19.50, with 200,051 stock units changing hands.
Trading in the US securities market resulted in 361,148 units valued US$59,364 changing hands. Market activity ended with JMMB Group 5.75% preference share with 11,248 units trading to end at US$2, Proven Investments lost 0.7 cent trading 5,600 shares to close at 25.01 US cents and Sygnus Credit Investments rose 0.03 cent to 10.3 US cents, in trading 344,300 units. The JSE USD Equities Index inched 0.34 points higher to 187.49.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

5 TTSE stocks rise 3 fall – Thursday

July 11, 2019 by

Trading on the Trinidad & Tobago Stock Exchange ended on Thursday with 17 securities changing hands against 17 on Wednesday. Prices of 5 stocks rose, 4 declined and 8 remained unchanged.
Trading ended with 216,609 units valued $3,950,131 changing hands, compared to 936,221 units valued $5,215,766 on Wednesday.
At close of the market, the Composite Index rose 1.58 points to 1,389.05. The All T&T Index fell 0.19 points to 1,798.22, while the Cross Listed Index rose 0.46 points to close at 132.47.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 2 stocks with bids lower than their last selling prices and 5 with lower offers.
Gains| Calypso Macro Index Fund rose 50 cents to close at $15 with 66 shares changing hands, JMMB Group finished trading 41,995 shares, resulting in a rise of 5 cents to end at $2.25, Sagicor Financial added 1 cent and settled at $10.01, with investors exchanging 19,200 shares. West Indian Tobacco closed with a gain of 1 cent and ended at $110.27, with 83 stock units trading and Unilever Caribbean traded 3,040 units and rose 5 cents to settle at $25.30.
Losses| Massy Holdings fell 58 cents to $54.50, after exchanging 6,400 shares, National Enterprises lost 1 cent to close at a 52 weeks’ low of $6.65, with 42 units changing hands, Republic Financial rose 2 cents and completed trading of 13,259 shares at $121 and Trinidad & Tobago NGL lost 5 cents and ended at $28.05 trading 3,625 units.
Firm Trades| Clico Investments closed at $24.15, with investors exchanging 3,263 shares, Ansa McAL ended at $55.18, after trading 7,524 units, CinemaOne settled at $9, with investors exchanging 111 shares, First Citizens Bank ended at $40.10, with 2,936 stock units trading. Grace Kennedy settled at $3.24, with the swapping of 30,900 shares, NCB Financial completed trading of 83,316 shares at $9.50, Point Lisas traded 710 shares to close at $3.45 and Scotiabank concluded with 250 stock units changing hands at $62.

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

Filed Under: Company News Tagged With: , , , , , , , , , , , , , , , , , , , , , ,