Watch Sagicor & NCB

Sagicor Cayman

Sagicor Group closed the shortened Easter week at $45 up from $38.15 at the close of the prior week following release of 2018 full year results.
The price could move higher this week with limited supply for sale on the market, below $50.
Helped by the sharp rise in the price of Sagicor, the main market climbed more than 8,000 points for the week, with the biggest move coming on Thursday of just under 7,000 points, while the Junior Market had no clear direction.
Trading for the week suggests that investors are over the impact on the market of the Initial Public Offer of Wigton Windfarm that opened on the 17 of April.
The release of some of the 2019 first quarter results are due late this week and are worth watching. Chief amongst them will be Caribbean Cement, NCB Financial Group and Supreme Ventures. While NCB’s results are due on Thursday and investors could react to them on Friday, others may not comeuntil after trading on Friday, as such may not have any impact until the following week.

NCB Financial traded at $145 on the JSE on Thursday.

Investors should keep an eye on, Wisynco that continues to hold just under $12. The company continues to expand the volume of products and companies it represents that augurs well for increased profit going forward. The stock remains one of the most appealing main market buys currently. RJR and Seprod remain attractive buys, continue on the watch list and are joined by Barita Investments.
The picture for the Junior Market is unclear but with Caribbean Cream full year results to February, due by the end of the week, it will be interesting how investors treat with it.

PNP must abandon socialism or die

The PNP must abandon socialism or suffer a slow near death experience. Those persons within the party who are product of the heady days of the 1970 period will probably rubbish this view, but facts are pointing clearly in that direction.
An analysis of voting pattern since the 1980s is very clear new voters are embracing the JLP in larger numbers than the PNP, the change started after the huge swing to the PNP in the 1970 with the enhanced focus on democratic socialism. Young persons out of school especially UWI, were mesmerized by Michael Manley’s oratory and charisma and overwhelmingly gave the PNP their full support. Back then, the PNPYO, the Social Development Commission and the National Youth Service programs were three of the top entities pushing the social agenda to young people.
Left with empty shelves and mass migration of the middle class, the children of the 70s and 80s have not embraced the PNP the way their parents did. Increasingly, the post 1960 children look to North America as the standard fueled by the advent of the ubiquitous Cable Television and computers beaming capitalistic policies daily.

Dr. Peter Phillips – President of the PNP

Today’s young adults many who are schooled in North America or spent several holidays there have no real love for Socialism and that is showing up in the voting pattern. In the 1970s the local stock market is estimated to have had around 10,000 investors owning stocks directly, today that number have climbed to well over 120,000 around 15 percent of the persons who voted in 2016, with younger persons flocking to the market like never before and this growth trend will continue. That is another example of the switch in the political landscape. Those are reasons why the voting pattern is showing the Labour Party increasing their vote tally sharply over the PNP. That trend shows up in the Eastern Portland election now and in the past. Although there were 2,000 new voters on the list than in 2016, the PNP only received around 25 percent to the JLP’s 75 percent.
Except for a few seats, the PNP is fast becoming a minority party. Up to the 1970s the party, dominated St James and St Ann areas that the JLP could only win 1 seat in each, now they hold a minority and where they win its marginal, except for Lisa Hanna’s seat. The picture is the same in St Mary, with the PNP having only one seat in that parish where they used to have two solid seats. They used to dominate the corporate area, but now primarily holds just the seats bordering on the waterfront, with the exception of two.
If the party does not radically change its policies, it will take a long time for them to swing the majority of young persons to support them in the long-term, by then a lot of their current support will pass on, thus reducing them to a minority party country wide.
Christopher Burns writing in Jamaica Observer after the 2016 elections set out a detailed assessment of the trends of voting between 1993 and 2016. The details are one that we of IC Insider wrote about some time ago and reported in Investors Choice.
Burns stated “a review of the voting pattern between 1993 and 2016 reveals a few interesting findings as far as votes for the PNP are concerned, vis-Ã -vis votes for the JLP. In the 1993 General Election, of the 678,572 votes cast, the PNP received 401,476 (59.2 percent) to the JLP’s 263,472 (38.83 percent).’ The PNP received 138,274 or 20.38 percent more votes than the JLP.”
“Over the six general elections (1993 – 2016) the PNP, in 2016, netted only 31,989 more votes than it did in 1993, while the JLP netted 173,500 more than it did in 1993.” “The PNP received high vote counts between 1993 and 2007, but “its highest vote performance in 2011, produced roughly 62,318 or 15.51 percent more votes than it did in 1993. However, even though the JLP lost the 2011 General Election, its 2011 vote performance produced 142,448 (54.07 percent) more votes than in 1993.”
“In the  2016 elections, the JLP received 436,972 votes, while the PNP secured 433,735, from the 2016 voters list of eligible voters that grew by 176,376 or 10.70 percent over 2011, the PNP received 30,329 (6.54 percent) fewer votes than it got in 2011. The JLP increased its 2016 votes by 31,052 (7.65 percent) over 2011.”
There are a number of developments that suggest that the Labour Party support has grown since 2016, while that of the PNP has not. The Eastern Portland seat by-election represented a 4.5 percent swing from the 2011 election results. The 2011 election is a better base to use than the 2016 results that went against the general swing of that election. Public opinion polls suggest that the current swing nationally, is much greater than 4.5 percent. The performance of the stock market, business and consumer confidence levels that are all at record highs, point to a margin that is in excess of what the swing is in East Portland based on the 2011 results.
The PNP needs to change strategies and many of its policies. It needs to be articulating a cohesive set of policies that can appeal to the younger generation and there are a series of issues that they can focus on that can set them apart from the JLP government.

How do I invest in stocks?

Persons interested in investing in stocks should open an account at a brokerage company so they can start investing when they decide to take the plunge.
Stocks are not like fixed interest securities where the returns are usually known, up front. Put another way, there are no guarantees about the returns on stock market investments, that is a negative. History shows it to be a huge positive with no limit to possible gains. The basic principle is to find companies that are likely to increase profit going forward. This is most important, as profit are the main reasons why investors buy a stock, as it increases the value of a company.
Buy stocks with low price earnings (PE) ratio relative to the rest of the market. What does this mean? Listed companies are required to report profit and show the amount of profit earned per share (EPS). EPS is the profit for each issued share. In simple terms, the EPS is arrived at by dividing the profit by the total issued shares. This figure by itself does not mean much, but it allows for the computation of one of the most important and used investment tools, the PE ratio. PE is the price of the stock on the stock exchange divided by EPS.
Do not buy stocks because the price is low in monetary terms. Instead, have laser like focus on stocks with lower PE ratios. Sometimes when persons buy shares, also called stocks, they may see quick gains, as may happen with the Wigton Windfarm initial public offer (IPO) issue that is now on the Market. More often, investors will not see any gains for months but then may do so with the passage of several months, if the company reports increased profit. Effectively, if one buys stocks of good quality companies they will usually grow in value.
A good quality company is one that has consistent growth in earnings over a number of years, with few if any decline. There is more to it than the above, but these are a few basics. New investors are well advised to start small until they get a better feel of the market. Yes, you can start with $10,000, but $25,000 may be better.
Investors can find the earnings per share EPS and PE ratios for each local stock, on the stock market trading chart shown daily and included in the Junior and Main market reports. The key to using them is to find those stocks with the lowest PE ratios and get more information on them. This website analyses the companies on an ongoing basis to provide relevant investment information for investors.
When investing try to have about five different companies. Some companies to consider investing in now are: Wisynco, NCB, Fontana, General Accident and Wigton

Sagicor Group & CAC jump IC TOP 10

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Sagicor Group traded 5m shares on the JSE main market on Friday.

Sagicor Group jumped to $45 at the close of the market for the past week, from $38.15 and CAC 2000 climbed to $12 from a $10 bid to exit IC Insider.com’s TOP 10 stocks.
Investors responded to the release of Sagicor’s 2018 full year results showing earnings of $3.65 per share, pushing the price higher while CAC price dropped too far at the end of the previous week and encouraged buying that pushed the price higher this week. Making way for the stocks moving on are, Sygnus Credit Investments in the main market and Lasco Manufacturing entering the Junior Market list.
Several Junior Market stocks suffered losses this past week, as the market pulled back more than 9 percent for the year to date up to Wednesday and created greater potential gains for a number of stocks.
The three leading Junior Market stocks for the coming week are Caribbean Producers with projected gains of 246 percent, Elite Diagnostic with potential gains of 245 percent and Iron Rock with potential gains of 243 percent.
Victoria Mutual Investments is now the top Main Market stock with 163 percent likely gain, followed by Radio Jamaica with 161 percent and Sterling Investments with potential to gain 153 percent.
 Wigton Windfarm, Jamaica’s latest initial public share offer that came to the market this past week remains at number 4 position on the stock list. The stock comes to the market at 50 cents per share and boast a PE of 8.3 times based on normalized earnings for the year to March 2019.
The main market, closed the week with the overall PE at 13 and the Junior Market at just 10. The PE ratio for Junior Market Top 10 stocks average 6.3 and the main market PE is now 8.3. These levels, point to the huge upside for the TOP 10 stocks over the next 12 months.
The TOP 10 stocks now trade at an average discount of 36 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 37 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.

Sharp jump in JSE indices – Thursday

Sagicor Group jumped $5.50 on Thursday.

Sagicor Group jumped $5.50 to help push the All Jamaican Composite Index a healthy 6,934.04 points to close at 427,060.76 on Thursday while the JSE Index jumped a sizable 6,301.17 points to 389,076.82.
Market activity picked up on the main market of the Jamaica Stock Exchange with 3,564,657 units valued $53,154,918 traded compared to 3,197,837 units valued $101,850,841 on Wednesday.
At the close, the main and US markets had 28 securities traded, compared to 29 on Wednesday leading to 10 advancing, 11 declining and 7 closing unchanged.
Sagicor Real Estate Fund led trading with 999,193 shares, accounting for 28 percent of total main market volume, followed by 1834 Investments with 623,879 units and 17.5 percent of the day’s trades and Radio Jamaica with 570,068 units for 16 percent of volume traded.
Market activity ended with an average of 132,024 units valued at an average of $1,968,701 for each security traded. In contrast to 114,208 units for an average of $3,637,530 on Wednesday. The average volume and value for the month to date amounts to 142,319 shares at $2,375,277 for each security, compared to 142,996 shares at $2,404,318 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 11 stocks ending with bids higher than their last selling prices and just 2 closing with lower offers.
In main market activity, Barita Investments gained 50 cents to close at $40, with an exchange of 239,307 shares, Caribbean Cement dropped $2.05 to $65 with 9,246 shares changing hands, Jamaica Broilers lost $2 to close at $31, with an exchange of 191,617 shares. Jamaica Producers fell 74 cents to close at $21.26, after trading 14,597 stock units, Kingston Wharves shed 50 cents to settle at $68, with 1,968 units changing hands. NCB Financial Group  recovered the $1.20 lost on Wednesday in trading 64,859 shares, to close at $145,  PanJam Investment  jumped $3.69 to close at $81.70 after trading 17,858 units, Sagicor Group jumped $5.50 to $45 in an exchange of 77,600 shares. Sagicor Real Estate Fund  jumped $1.60 to $10.60, in trading 999,193 shares, Scotia Group  fell 30 cents and finished trading 7,881 shares at $50.20, Seprod closed at $42.20 with a loss of 30 cents while trading 48,132 shares. Stanley Motta  lost 34 cents and ended at $4.66, in trading 638 shares and Supreme Ventures lost 50 cents in finishing at $26.50, with 43,452 units changing hands.
Trading in the US dollar market ended with just one security trading. Sygnus Credit Investments rose 1 cent and ended trading of 6,682 units at 10 US cents leaving the JSE USD Equities Index rose 0.87 points to close at 179.26.

Junior Market trading drops – Thursday

Main market volume contracts.

The Junior Market of the Jamaica Stock Exchange closed with volume dropping 67 percent and value down 69 percent from Wednesday’s levels, but the market index rose 22.78 points to 2,976.02.
Trading resulted in an exchange of 971,622 units valued at $3,078,345 compared to 2,931,075 units valued at $10,007,520 on Wednesday. Investors exchanged 24 pushed securities similar to Wednesday with prices of 8 rising 10 falling while 6 remaining unchanged.
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 2 with lower offers.
Trading ended with an average of 40,484 units for an average of $128,264 in contrast to 122,128 units for an average of $416,980 on Wednesday. The average volume and value for the month to date amounts to units 134,650 valued $341,097 and previously 100,529 valued $356,911 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
At the close of the market, AMG Packaging exchanged 280,000 stock units and ended at $2.12, Blue Power concluded trading with 4,320 units and lost 10 cents in closing at $4.40,  CAC 2000 jumped $3 to close at $12, with 1,000 shares changing hands, Caribbean Producers finished trading 40,259 units, and rose 2 cents to end at $4.62. Derrimon Trading ended with a loss of 24 cents at $2.51, with an exchange of 41,946 shares. Dolphin Cove concluded trading 6,614 shares and rose 50 cents higher to $13, Elite Diagnostic settled at $2.90, with 10,500 units changing hands, Express Catering ended trading of 8,466 shares to close at $7.22, Fontana finished trading 39,497 shares with a loss of 20 cents at $3.80. General Accident closed 29 cents higher at $4.29, with an exchange of 5,400 stock units, GWest Corporation ended 2 cents higher at $1.33, with 19,828 units changing hands, Honey Bun traded 100 shares with a loss of 22 cents at $3.83, iCreate lost 4 cents in closing at 81 cents, with an exchange of 230 shares. Indies Pharma ended trading of 12,638 shares, with a loss of 4 cents at $3.01, Iron Rock settled 5 cents higher at $3.50, with 1,000 shares changing hands, Jamaican Teas  traded with a loss of 20 cents at $3.90, with the swapping of 6,800 units. Jetcon Corporation  finished trading with a loss of 5 cents at $2.30, with 2,427 shares passing through the exchange, Knutsford Express  concluded trading of 1,543 stock units with a loss of 10 cents at $11.90,  Lasco Distributors  finished at $3.70, with an exchange of 216,373 units, Lasco Financial settled at $4.16, trading 21,660 shares. Lasco Manufacturing  ended trading 185,100 shares, with a loss of 8 cents at $3.13,  Main Event  traded 5 cents higher at $5, with an exchange of 11,421 shares, Paramount Trading closed 1 cent higher at $2.50, with 49,500 units trading and Stationery and Office concluded trading at $6.75, with 5,000 shares changing hands.

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

 

Volume picks up on TTSE – Thursday

Market activity on the Trinidad & Tobago Stock Exchange ended on Thursday with trading in 11 securities against 20 on Wednesday, with 2 advancing, 3 declining and 6 remaining unchanged and West Indian Tobacco ending at a 52 weeks’ high.
At close of the market, the Composite Index fell 0.93 points to 1,330.30. The All T&T Index declined 1.85 points to 1,765.87, while the Cross Listed Index remained unchanged at 120.73.
Trading ended with 161,187 shares at a value of $3,029,240, compared to 56,733 shares on Wednesday valued at $2,324,434.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended at stocks with bids higher than their last selling prices and 5 with lower offers.
At the close of the market, stocks ending with gains| Massy Holdings gained 5 cents and closed at $53.10, after exchanging 1,143 shares and West Indian Tobacco added 5 cents to end at a 52 weeks’ high of $98.85, with 1,360 stock units changing hands.
Stocks closing with losses| Clico Investments ended trading 1,231 stock units and fell 1 cent to $22.69, First Citizens concluded trading of 4,755 shares with a loss of 27 cents, to close at $36.62 and Trinidad & Tobago NGL traded with a loss of 10 cents and ended at $29.40, with 4,770 units changing hands.
strong>Stocks closing firm| Ansa Mcal ended at $55.24, trading 368 units, National Flour ended at $1.67, with an exchange of 109,010 units, Point Lisas closed at $3.45, with 4,543 stock units changing hands, Republic Financial Holdings completed trading of 3,090 shares at $120. Scotiabank concluded trading at $62.50, with 30,106 stock units changing hands and Unilever Caribbean settled at $26.30, after exchanging 811 shares.

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

JSE trading boosted – Wednesday

Market activity picked up on the main market of the Jamaica Stock Exchange on Wednesday with 3,197,837 units valued $101,850,841 traded compared to 1,271,826 units valued $41,461,461 on Tuesday.
At the close of the market, the JSE All Jamaican Composite Index increased by 272.70 points to 420,126.72 and the JSE Index advanced 247.81 points to close at 382,775.65. The main and US markets had 29 securities traded, compared to 33 on Tuesday leading to 12 advancing, 9 declining and 8 closing unchanged.
Grace Kennedy led trading with 1,129,961 shares, accounting for 35 percent of total main market volume, followed by Wisynco Group with 670,925 units and 21 percent of the day’s trades and Radio Jamaica with 421,639 units for 13 percent of volume traded.
Market activity ended with an average of 114,208 units valued at an average of $3,637,530 for each security traded, in contrast to 43,856 units for an average of $1,429,706 on Tuesday. The average volume and value for the month to date amounts to 142,996 shares at $2,404,318 for each security, compared to 145,107 shares at $2,305,661 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 11 stocks ending with bids higher than their last selling prices and just 4 closing with lower offers.
In main market activity, Barita Investments rose $1.90 to close at $39.50, with an exchange of 74,708 shares, Caribbean Cement climbed $1.55 to $67.05, with a mere 10,981 shares changing hands, Grace Kennedy traded 1,129,961 stock units after falling 37 cents to end at $59.63, Jamaica Broilers climbed $1.80 to close at $33, with an exchange of 53,160 shares. Jamaica Producers fell 25 cents to close at $22, after trading 69,348 stock units, Kingston Wharves gained 50 cents to settle at $68.50, with 650 units changing hands. Mayberry Investments declined $1 trading 69,600 shares, to close at $7.50,  Mayberry Jamaican Equities  fell 50 cents trading 138,162 shares at $9.50. NCB Financial Group  dropped $1.20 in trading with 14,174 shares, to close at $143.80,  PanJam Investment  lost 99 cents after ending at $78.01 and trading 41,290 units, Sagicor Group rose 45 cents to $39.50 in an exchange of 10,772 shares. Scotia Group  rose 30 cents and finished trading 28,076 shares at $50.50, Seprod closed at $42.50 with a gain of 50 cents while trading 11,100 shares, Supreme Ventures gained $2 in finishing at $27, with 278,135 units changing hands and Wisynco Group gained 35 cents trading 670,925 units, to close at $11.70.
Trading in the US dollar market ended with just one security trading. Proven Investments ended trading with 5,000 units at 23 US cents leaving the JSE USD Equities Index unchanged at the close at 178.39.

Volume dives on TTSE – Wednesday

The volume and value of stocks trading on the Trinidad & Tobago Stock Exchange dived on Wednesday but the number of securities changing hands rose to 20, compared 14 on Tuesday but 7 were for a mere 10 units each.
At the close, investors exchanged 56,743 shares for $2,324,434 compared to 218,204 shares at $5,294,306, on Tuesday. The market closed with 4 stocks rising, 4 declining and 12 remaining unchanged. At the close, two securities ended at 52 weeks’ highs.
At the market’s close, the Composite Index added 0.18 points to 1,331.23. The All T&T Index rose 0.36 points to 1,767.72, while the Cross Listed Index closed unchanged at 120.73.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended at stocks with bids higher than their last selling prices and 1 with a lower offer.
At the close of the market, stocks ending with gains| First Citizens rose 34 cents to a 52 weeks’ high of $36.89, after exchanging 127 shares, Guardian Holdings gained 5 cents, while trading 4,117 units to close at $18.55, LJ Williams B share, gained 5 cents and settled at a 52 weeks’ high of 95 cents, after exchanging 260 shares and Prestige Holdings rose 19 cents and completed trading of 10 units at $8.
Stocks closing with losses| Clico Investments lost 30 cents and ended at $22.70, with 23,849 stock units changing hands, Massy Holdings traded 658 shares and fell 95 cents to $53.05, National Flour fell 1 cent in completing trading of 1,500 units, at $1.67 and Point Lisas traded with a loss of 10 cents at $3.45, with 10 stock units changing hands.
Stocks closing firm| Agostini’s closed at $23.33, after exchanging 10 shares, Ansa Merchant settled at $37, trading 10 shares, Grace Kennedy ended at $3.35, with 30 stock units changing hands, JMMB Group ended at $1.75, after exchanging 1,210 shares. LJ Williams A Share completed trading 10 units at 20 cents, One Caribbean Media exchanged 2,938 shares to close at $10.30, Republic Financial Holdings settled at $120, after exchanging 10,102 shares, Sagicor Financial concluded trading of 10 shares at $8.66. Scotiabank ended at $62.50, with 2,200 stock units changing hands, Trinidad & Tobago NGL completed trading at $29.50, with 7,802 units, Unilever Caribbean closed at $26.30, after exchanging 1,880 shares and West Indian Tobacco ended at $98.80, with 10 stock units changing hands.

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

Junior Market trading climbs – Wednesday

The Junior Market of the Jamaica Stock Exchange closed with volume rising 85 percent and value increasing 104 percent over Tuesday’s levels, but the market index lost 13.59 points to 2,953.24, down 9 percent for 2019 so far.
Trading resulted in an exchange of 2,931,075 units valued at $10,007,520 compared to 1,586,013 units at $4,904,015 on Tuesday. Investors exchanged 24 pushed securities down from 21 on Monday with prices of 8 rising 11 falling while 5 remained unchanged.
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 3 with lower offers.
Trading ended with an average of 122,128 units for an average of $416,980 in contrast to 75,524 units for an average of $233,524 on Tuesday. The average volume and value for the month to date amounts to units 100,529 valued $356,911 and previously 98,795 valued $352,089 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
At the close of the market, AMG Packaging ended with a loss of 11 cents at $2.12, with 2,713 stock units changing hands, Caribbean Cream ended trading 11,800 shares with a loss of 21 cents at $5.28, Caribbean Producers finished with a loss of 2 cents at $4.60, trading 28,000 units. Consolidated Bakeries closed with a loss of 15 cents at $1.80, with the trading of 14,500 shares, Derrimon Trading ended at $2.75, with 122,000 shares crossing the exchange, Elite Diagnostic settled with a loss of 7 cents at $2.90, with an exchange of 14,865 units, Express Catering ended trading of 6,900 shares and rose 16 cents to close at $7.22. FosRich Group closed 35 cents higher at $4.50, with 118,730 shares trading, Fontana finished trading 298,868 shares and rose 20 cents to $4. GWest Corporation ended with 174 units crossing the exchange with a loss of 2 cents at $1.31, Honey Bun concluded trading 35 cents higher at $4.05, with 105,198 shares, iCreate closed at 85 cents, with an exchange of 111,400 shares, Indies Pharma closed at $3.05, with 340,930 shares changing hands. Iron Rock  settled with a loss of 5 cents at $3.45, with 1,500,000 shares. Jamaican Teas  traded 55 cents higher at $4.10, with 8,500 units, Jetcon Corporation  finished trading at $2.35, with 11,206 shares, Knutsford Express  concluded trading with a loss of 30 cents at $12, with 7,025 stock units, Lasco Distributors finished with a loss of 5 cents at $3.70, with 22,724 units changing hands. Lasco Financial  settled with an exchange of 3,295 shares and lost 24 cents at $4.16,  Lasco Manufacturing  ended trading 101,962 shares and closed 1 cent higher at $3.21,  Paramount Trading  closed 34 cents higher at $2.49, with 25,000 units changing hands. SSL Venture Capital  ended 5 cents higher at $1.60, with an exchange of 5,100 shares and tTech settled with a loss of 30 cents at $5, with 64,585 stock units changing hands. In the junior market preference segment, CAC 2000 9% closed at $1.15, trading 5,600 shares.

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

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