More prices of stocks declined in main market trading on the Jamaica Stock Exchange on Monday, leading to the JSE All Jamaican Composite Index falling 1,124.08 points to 423,656.74 and the JSE Index declining 1,021.46 points to 385,981.56 on a day when volume trading jumped sharply.
At the close of market, the main and US markets traded 39 securities, compared to 37 trading on Friday as 12 advanced, 14 declined and 13 traded without changes in prices.
Main market activity ended with 36,767,031 units valued at $321,823,355 trading, compared to 4,603,011 units valued $150,633,830 changing hands, on Friday.
Kingston Properties led trading with 18.7 million shares for 50.85 percent of the day’s volume, Sagicor Real Estate Fund ended with 15.5 million units, for 42 percent of the total main market volume changing hands and Mayberry Jamaican Equities ended with 764,943 units, for just 2 percent of the day’s volume.
Market activity ended with an average 1,081,383 units valued at $9,465,393, in contrast to 135,383 shares valued at $4,430,407 on Friday. The average volume and value for the month to date, amounts to 437,535 shares at $6,330,866 shares, in contrast to 391,249 shares at $7,075,160 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 8 stocks ending with bids higher than their last selling prices and 3 closing with lower offers.
In main market activity, Berger Paints rose 49 cents and ended at $20, with an exchange of 10,250 stock units, Caribbean Cement closed with a gain of 98 cents to finish at $52, with 23,970 shares changing hands, Grace Kennedy rose 50 cents in trading 15,064 stock units, to close at $60.50. Jamaica Broilers finished trading of 42,075 units at $32.30, after falling $1.69. Jamaica Producers shed 34 cents and closed at $23.15, with 3,460 shares changing hands, JMMB Group concluded trading of 8,502 shares with a decline of by 50 cents to close at $31.51, Kingston Properties dropped 60 cents to settle at $6, trading 18,697,750 shares. Kingston Wharves dropped $2 to settle at $75, with an exchange of 3,500 units, Mayberry Investments rose by 50 cents and 
ended trading of 60,000 shares, at $9.50, Sagicor Group rose $1 in trading 100,736 shares, to close at $40. Salada Foods jumped $4.70 in trading 2,975 units to close at $32.70, Stanley Motta rose 40 cents to close at $4.90, trading 100,000 shares, Supreme Ventures rose $1 to finish at $23 with 78,766 units changing hands and Victoria Mutual Investments rose 35 cents to finish at $4, with an exchange of 493,408 units.
Trading in the US dollar market resulted in 5,055,932 units valued at US$539,604 changing hands. JMMB Group 5.75% preference share ended trading of 2,751 stock units at $1.50, JMMB Group 6% preference share traded 22,233 units at US$1.04 and JMMB Group 5.75% customers’ preference share settled at US$2 in trading 974 shares. Proven Investments closed trading with 19,360 units changing hands at 21.5 US cents and Sygnus Credit Investments USD ordinary shares traded 5,010,614 lost 1 cent to close at 10.1 US cents The JSE USD Equities Index fell 1.20 points to close at 174.88.
Nice bounce for Junior Market – Monday
Fontana ended at a new closing high as selling pressure eases.
Stocks made strong gains in trading on the Junior Market of the Jamaica Stock Exchange on Monday, breaking four consecutive days of decline last week. The 2 to 1 positive advance decline ratio pushed the market index up 31.38 points to 3,094.46.
Twenty seven (27) securities changed hands, compared with 31 securities on Friday. At the close of trading the prices of 15 securities rose, 7 fell and 5 remained unchanged. FosRich Group ended at new closing high as well as Fontana that closed with very limited stocks on offer below $5.50, as demand for it has picked up.
The market closed with 1,429,394 units valued $5,552,802 being exchanged, compared to 3,286,973 shares valued at $12,890,201 on Friday.
Trading ended with an average of 52,941 units for an average of $205,659 in contrast to 106,031 units for an average of $415,813 on Friday. The average volume and value for the month to date amounts to 131,423 shares valued at $514,778 
compared to 146,891 shares valued at $575,700 on the previous day. In contrast, February closed with average of 235,225 units valued at $679,790 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.
At the close of trading, AMG Packaging ended with a loss of 4 cents at $2.25, with 114,379 stock units changing hands, Caribbean Cream ended trading of 251 shares at $5.25, Caribbean Flavours dropped $1.54 to close at $16.95 after trading 2,000 stock units, Caribbean Producers finished trading 3 cents higher at $4.50, with 26,300 units changing hands. Derrimon Trading ended 9 cents higher at $2.89, with 21,600 shares switching ownership. Dolphin Cove jumped $1.76 higher to $13.36, with an exchange of 100 shares, Everything Fresh finished with a loss of 15 cents at $1.50, in trading 24,000 stock units, Elite Diagnostic settled at $3.20, with 126,553 units, Express Catering ended trading with a loss of 31 cents at $7.99, with 5,318 shares. FosRich Group gained 20 cents to end at a 52 weeks’ closing high of $4.20, trading 62,102 shares, Fontana finished trading of 307,794 shares and rose 10 cents to end at an all-time closing high of $4.10. General Accident closed 15 cents higher, at $4.50, with 121,000 stock units changing hands, GWest Corporation ended at $1.75, with an exchange of 6,172 units, Honey Bun concluded trading of 33,352 shares for 2 cents higher at $3.72. ICreate rose 1 cent to close at 94 cents, trading 66,000 shares. 
Indies Pharma gained 25 cents to end at $3, with 119,744 shares trading, Jamaican Teas traded 56,495 units with a loss of 5 cents at $3.75, Jetcon Corporation closed 5 cents higher at $2.77, trading 6,460 shares. Knutsford Express jumped 90 cents higher to $12.90, with 37,592 stock units changing hands, Lasco Distributors closed at $3.70, with an exchange of 14,587 units, Lasco Financial settled with a loss of 19 cents at $4.40, in exchanging 153,968 shares. Main Event traded 25,212 shares for an 80 cents hike to $5.80, Medical Disposables finished with a loss of 50 cents at $6.50, with 14,000 stock units changing hands, Paramount Trading closed 36 cents higher at $2.40, with an exchange of 1,283 units. SSL Venture Capital ended at $1.70, trading 44,732 shares, Stationery and Office concluded trading of 5,400 shares, after rising of 50 cents to $7.50 and tTech settled 50 cents higher at $6, with 33,000 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.
Republic Financial plunged $5 on TTSE – Monday
Republic Bank
Republic Financial Holdings plunged $5, in exchanging 610 shares with the last traded price ending at $115, on the Trinidad & Tobago Stock Exchange on Monday. The official market report shows the stock rising $1.16 to end at $119.92 based on the average price movement.
Trading closed, with 13 securities changing hands, against 17 on Friday, with 2 advancing, 4 declining and 7 remaining unchanged. Market activity ended with 156,292 shares valued $2,280,690 changing hands, compared to 540,140 shares on Friday valued at $9,417,408.
The Composite Index rose 0.68 points to 1,331.95. The All T&T Index gained 0.54 points to 1,763.39, while the Cross Listed Index added 0.11 points to close at 121.54.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 4 stocks with bids lower than their last selling prices and 2 with lower offers.
At the close of the market, stocks trading with gains are| Calypso Macro Index Fund rose 2 cents to close at $13.62, after exchanging 2,000 shares and Trinidad & Tobago NGL closed with an increase of 4 cents and settled at $30.05, trading 7,637 units.
Stocks closing with losses| Clico Investments ended trading of 46,569 stock units with the loss of 4 cents down to $20.16, One Caribbean Media lost 7 cents in ending at $10, after exchanging 4,870 shares and Sagicor Financial fell 5 cents to end at $8.70, with 4,800 shares changing hands.
Stocks closing firm| First Citizens concluded trading at $35.10, after exchanging 190 shares, Massy Holdings ended at $50, trading 2,248 shares, National Flour settled at $1.65, with 2,300 units changing hands. NCB Financial Group closed at $8.39, after trading 79,239 shares, Trinidad Cement exchanged 3,829 shares at $2.55, Unilever Caribbean ended at $26.50, after exchanging 300 shares and West Indian Tobacco completed trading of 1,100 stock units at $96.02.
Prices of securities trading for the day are those at which the last trade took place.
Eppley Carib Property considers JSE listing
Eppley Caribbean Property Fund is now being managed by Eppley, a Jamaican listed company
Eppley Caribbean Property Fund SCC announced its intention to cross-list the cellular shares of the Value Fund (“the Value Fund Shares”) on the Jamaica Stock Exchange.
The Value Fund Shares are currently listed on the Barbados Stock Exchange and the Trinidad and Tobago Stock Exchange and the believes that cross-listing the Value Fund Shares on the Jamaica Stock Exchange will enhance liquidity and make them available to wider universe of investors.
The Board of Directors has authorized ECPF’s fund managers, Eppley Fund Managers Limited, to evaluate the process of cross-listing the Value Fund Shares with the support of ECPF’s attorneys, investment bankers and other professional advisors.
If a decision is made by the Board of Directors to cross list the Value Fund Shares, Eppley expects that the cross-listing is likely to take place by the end of the second quarter of 2019 subject to any relevant regulatory approvals.
Eppley Caribbean Property Fund SCC (“ECPF”) is a closed-end mutual fund that invests in real estate across the Caribbean. ECPF has two segregated cells, namely the Value Fund and the Development Fund both of which are listed on the Barbados Stock Exchange and the Trinidad & Tobago Stock Exchange
Market Watch still on Scotia
Scotia Group January 2019 first quarter results due this week.
Scotia Group did not released this past week as was done in 2018. The 2019 result is expected this week, this is one that is to be watched keenly and investors would be smart to keep an eye on the most critical signal that it will send for increased profits for this year. It must show meaningful growth in the loan portfolio, to start pumping up profit. Caribbean Cement closed at $51.02 and should move higher with limited supply on offer and an analysis of the audited 2018 results suggesting that cost should decline sharply in some areas and revenues rise in the current year. IC Insider.com again revised earnings, this time to to $7 for the year. Last year, cement import cost more than $1 billion, that cost will not recur this year, they will also benefit from a full year of the removal of the expensive lease cost resulting full year’s saving from the $2 billion annual savings, resulting from owning the kilns rather than leasing. Radio Jamaica climbed to $1.15 late last week but there is not much selling at these levels.
Jamaica Stock Exchange pulled back during the week to $14.80 and seems poised to slip some more before settling down, ahead of the 2019 first quarter results that is expected to show a big increase in profit if the data of trading values are anything to go for 2019 to date. Grace Kennedy reported improved results with earnings per share of $5, helped by a big increase in investment income and foreign exchange should be priced higher than the $60.80 it last traded at.
Buying of Fontana was strong on Friday.
Buying came in for Fontana last week pushing the price the price to $4 on Friday and could move higher during the coming week. Wisynco continues to trade around the current price just below $12 and seems poised to continue to move side wards for a while. Watch Elite Diagnostic that has been steady around $3.20 but with good buying interest at the current price level but sellers are reluctant to come off the $3.40 offer price.
Buying for General Accident continues to trade around $4.50 level with no clear signs when it will the break out to a higher price level as there have been selling around these levels and that may well continue for a while.
Lasco Financial remains stuck around $4.60 price level with some selling taking place at $4.60, but buying is not strong enough to move the price in the short term. Medical Disposables bounced last week but the price may bounce around for some time in the medium term. Caribean Cream seems poised to move higher with a gap that has developed between buying and selling interest. Express Catering this one could see huge benefits from the big double digit increase in tourist arrival this year so far, with January up 11.3 percent islandwide. Stationery and Office Supplies dropped to $7 from more than $8 but there are signs of a bounce. Barita Investments announced an interim dividend of 82 cents per share, this news could well lift demand for the stock.
Be a sceptic of constituency polls
Damion Crawford propective PNP Candidate
Ann Marie Vaz JLP propective Candidate
Observation of public polls for individual constituencies published in the past, show them to be unreliable, although they may well point in the right direction in some cases.
In the 2016 general election, the East Portland seat, had just 44 percent of registered voters casting votes, ranking it as one of the lowest rural area voter turnout. The low out turn suggests a high level of dissatisfaction with the parties’ representatives. The PNP picked up 57 percent of the votes to the JLP’s 42 percent in that election, a wider gap than in 2011 that move contrary to the swing in overall general elections.
There is no way that there will be a voter turnout near 100 percent. The St Mary by-election in 2017 saw a 3 percent swing away from the PNP to the JLP with 61.4 voter turn-out up from 60 percent in the general elections. With much focus placed by both political parties on the Portland seat, a turned out 60 percent is not unexpected, although that may be a tough target to reach.
Two polls have been put out, one showing a PNP victory and one a JLP victory but both can’t be right. In the 2016 general elections, some public political commentators rubbished the polls done by the Trinidadian firm showing a JLP victory while all local polls projected a PNP victory. One would be foolish to disregard the polls done by the Barbados entity showing a massive PNP victory. The data put out in the Jamaica Observer Sunday edition, suggests some major 
flaws in the date reported on. The numbers for Crawford at 53 percent and Vaz at 27 percent will not happen. That would result in a 80 percent voter turn-out, assuming that none of those persons who did not respond to the pollster, in fact vote. If the assumption is that no more than 60 percent of the electorate will vote then the turn out will be approximately 21,000. A 53 percent take would result in the PNP garnering 11,100 votes with the JLP having just under 10,000. The historical voting pattern suggests that Crawford is very unlikely to pick up that level of support. A 53 to 27 percent support for both parties would result in the winner getting 66 percent of the votes and the loser 34 percent and would represent a massive swing to the PNP of 8 percent and signal major trouble for the JLP and a solidification of Peter Phillips as head of the PNP. When all the issues are factored in, it looks like the support for the PNP is no more than 33 percent or just over 11,000 electorates if the turn out can rise to 60 percent, which is consistent with the results of the last two General elections.
The Jamaica Observer Polls commissioned polls show the JLP with a lead of 37 percent to the PNP’s 27. Such results would translate to a margin of victory of 58 percent to 42 percent and a major about turn in the constituency. Assuming a 60 percent voters turnout it would mean that the JLP would pick up 12,100 votes and the PNP 9,000 votes or just a tad 
more than they gained in 2016.
Data shows the JLP doing a far better job of getting out voters after the 1993 elections, except for 2016 when their vote numbers fell by 22 percent to a decline of 8 percent for the PNP and in 2011 when the PNP voter rate was higher than the JLP’s. From a gap of 3,300 in 1997, the Labour party reduced it to just 795 in 2007 and 1,246 in 2011 but saw the gap widen, with much less votes in 2016, with a margin of 2,276 votes. This change was opposite to general trend of a swing to the Labour party in 2016 island wide.
Historical trend suggests the likelihood of a close result, but whichever party can mobilize voters to get the out turn back to the traditional level of 60 percent, will win.
Cement tops main market TOP 10
Caribbean Cement is now IC Insider.com TOP 2019 main market stock.
Grace Kennedy moved up in price to $61 and is now at 13 spot, while Pulse Investments price slipped to $2.50 and moved into the TOP 10 main market stock list, replacing Grace. There were no movements in or out of the Junior Market TOP 10 listing.
IC insider.com revised Caribbean Cement earnings to $7 per share since the last report resulting from a reassessment of the amount expended on importing cement in 2018. Import of cement which cost more than $1 billion in 2018, is not expected to recur in 2019. That moved it to the top of the main market stocks. Earnings per share for General Accident was lowered to a more conservative 60 cents even though it could exceed that level, with the December 2018 quarter showing a 44 percent increase in gross premium income over the 2017 quarter, almost twice the 23 percent increase for the full year. If growth in the last quarter were to carry through in 2019, then a higher bottom-line 
can be expected. The earnings downgrade moved the company to the 10th spot on the list.
The three leading Junior Market stocks are Iron Rock with potential gains of 300 percent, Paramount with potential gains of 281 percent and Caribbean Producers 258 percent.
The three leading main market stocks are, Carib Cement is back on top with potential to gain 174 percent for the year followed by Victoria Mutual Investments with 173 percent likely gain and Sterling Investments with 167 percent.
The main market closed the week with the overall PE at 13.6 and the Junior Market at 10.2. The PE ratio for Junior Market Top 10 stocks average 6.3 and the main market PE is now 8.2. 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 40 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 39 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, 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.
More decline for JSE stocks
Trading on the main market of the Jamaica Stock Exchange ended on Friday with JSE All Jamaican Composite Index falling 439.11 points to 424,780.82 and the JSE Index declining 399.02 points to 387,003.02.
At the close of market activity, the main and US markets traded 37 securities, compared to 34 trading on Thursday as 12 advanced, 16 declined and 9 traded without changes in prices.
Main market activity ended with 4,603,011 units valued $150,633,830 trading, compared to 21,778,622 units valued $200,727,926 changing hands, on Thursday.
Scotia Group led trading with 1.27 million shares for 27.6 percent of the day’s volume, JMMB Group 7.5% preference was next with 605,000 units, accounting for 13 percent of the total main market volume changing hands and PanJam Investment ended with 554,238 shares, for 12 percent of the day’s volume. Eppley 8.25% preference share, traded at a 52 week’s high of $6.50.
Market activity ended with an average 135,383 units valued at $4,430,407, in contrast to 659,958 shares valued at 
$6,082,664 on Thursday. The average volume and value for the month to date amounts to 391,249 shares at $7,075,160 for each security traded, in contrast to 459,748 shares at $6,000,486 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 7 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Barita Investments dropped $1.44 to close at $48.55, trading of 35,826 shares, Berger Paints lost 59 cents and ended at $19.51, with an exchange of 5,212 stock units, Caribbean Cement closed with a drop of $1 to finish at $51, with 1,300 shares changing hands. Carreras traded 35,151 shares and rose 29 cents to close at $9.20, Grace Kennedy rose 50 cents in trading 32,372 stock units, to close at $61. Jamaica Producers gained 54 cents and closed at $23.49, with 121,256 shares changing hands, Jamaica Stock Exchange lost 75 cents to end at $15, trading 120,454 shares, JMMB Group concluded trading of 13,925 shares with a 
decline of 98 cents to close at $32.01. Kingston Properties recovered 60 cents to settle at $6.60, trading 309 shares, Kingston Wharves jumped $2 to settle at $77, with an exchange of 13,633 units, Proven Investments trading 10,765 shares in the Jamaican market gained $3.91 to close at $34.91, Sagicor Group fell 50 cents in trading 151,584 shares, to close at $39. Salada Foods dropped $2 traded with 6,938 units to close at $28, Seprod rose $1.49 to close at $43.99, trading 11,254 shares, Supreme Ventures shed 50 cents to finish at $22 with 70,455 units changing hands and Victoria Mutual Investments lost 35 cents to finish at $3.65, with an exchange of 352,533 units.
Trading in the US dollar market resulted in 163,218 units valued at over $42,236 changing hands. JMMB Group 6.00% closed with 8,182 units trading at US$1.04 after losing 1 cent, Proven Investments closed trading with 153,036 units changing hands at 22.2196 and Sterling Investments traded 2,000 shares to close at 4 US cents. The JSE USD Equities Index rose 0.99 points to close at 176.08.
More declines for Junior Market – Friday
FosRich traded at an all-time high of $4.50 on Friday.
Trading on the Junior Market of the Jamaica Stock Exchange ended trading on Friday with more stocks declining than rising for a fourth day, leading to another fall in the market index of 19.66 points to close at 3,063.08.
At the close of market activities, 31 securities changed hands, compared with 23 securities trading on Thursday and ending with the prices of 11 securities advanced, 11 declined and 9 remained unchanged.The market closed with 3,286,973 shares valued at $12,890,201 being exchanged compared to 2,723,771 units valued at $7,748,383 on Thursday.
Trading ended with an average of 106,031 units for an average of $415,813 in contrast to 118,425 units for an average of $336,886 on Thursday. The average volume and value for the month to date amounts to 146,891 shares valued at $575,700 compared to 158,840 shares valued at $622,459 on the previous day. In contrast, February closed with average of 235,225 units valued at $679,790 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 5 with lower offers.
At the close of trading, AMG Packaging ended 9 cents higher at $2.29, with 128,175 stock units changing 
hands, Cargo Handlers ended $12.65 higher at $12.65, with 5,500 stock units, Caribbean Cream settled at $5.25, with an exchange of 9,438 shares, Caribbean Producers traded 97,982 stock units at $4.47, Consolidated Bakeries finished trading 3,650 units, 1 cent higher to $2. Derrimon Trading closed with a loss of 11 cents at $2.80, with 25,009 shares changing hands, Dolphin Cove ended with a loss of $1.90 to $11.60, trading 176,147 shares, Everything Fresh concluded trading of 158,747 shares for 10 cents higher at $1.65, Elite Diagnostic finished with a loss of 10 cents at $3.20, with 10,000 stock units changing hands. Express Catering settled 42 cents higher at $8.30, with an exchange of 114,037 units, FosRich Group ended trading 33,093 shares at $4,after trading at an intraday all-time high of $4.50. Fontana traded 622,444 shares to close at $4, General Accident exchanged 73,369 shares with a gain of 5 cents to $4.35, GWest Corporation closed at $1.75, with 6,342 stock units changing hands, Honey Bun ended at $3.70, trading 705,845 units, ICreate fell 2 cents to close at 93 cents, trading 409,781 shares. Indies Pharma concluded trading of 42,204 shares with a loss of 25 cents at $2.75, Iron Rock finished with a loss of 50 cents at $3, with an exchange of 127,000 shares, ISP Finance rose 50 cents higher to $13.50, with 19,934 shares changing hands. Jamaican Teas ended trading 
79,420 stock units, with a loss of 5 cents at $3.80, Jetcon Corporation swapped 11,594 units, with a loss of 23 cents at $2.72, Key Insurance finished trading 5,000 shares and rose 15 cents higher to $3.15, Knutsford Express ended at $12, with 200 shares changing hands. Lasco Distributors lost 5 cents to end at $3.70, with an exchange of 193,061 stock units, Lasco Financial finished 8 cents higher at $4.59, trading 14,764 units, Lasco Manufacturing gained 4 cents to end at $3.05, with 48,900 shares changing hands, Main Event ended trading of 59,700 shares and gained 44 cents to close at $5. Medical Disposables traded 6,500 shares after rising 20 cents higher to $7, Stationery and Office dropped $1.20 to $7, with 39,298 shares changing hands and SSL Venture Capital closed at $1.70, with 28,115 units. In the junior market preference segment, Derrimon Trading 9% preference share concluded trading of 31,724 units at $2.10.
Prices of securities trading for the day are those at which the last trade took place.
TTSE trading picks up on Friday
First Citizens Bank trades at 52 weeks’ high.
Market activity on the Trinidad & Tobago Stock Exchange ended on Friday with trading in 17 securities against 11 on Thursday, with 6 advancing, 3 declining and 8 remaining unchanged.
At close of the market, the Composite Index advanced 1.06 points to 1,331.27. The All T&T Index gained 0.25 points to 1,762.85, while the Cross Listed Index rose 0.26 points to close at 121.43.
Trading ended with 540,140 shares at a value of $9,417,408 compared to 366,633 shares valued $17,550,757 trading on Thursday. First Citizens Bank and West Indian Tobacco traded at a 52 weeks’ high.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended at 6 stocks with bids lower than their last selling prices and 1 with a lower offer.
At the close of the market, stocks trading with gains are| First Citizens with a rise of 10 cents and settling at $35.10, after exchanging 500 shares, Grace Kennedy adding 15 cents to end at $3.25, with 70,400 stock units changing hands, National Flour that increased 1 cent and completed trading of 63,000 units at $1.65. Prestige Holdings rose 5 cents to close at $7.55, with an exchange of 511 units, Trinidad & Tobago NGL closed with a gain of 1 cent and completed trading of 112,608 units at $30.01 and West Indian Tobacco gained 2 cents and ended at $96.02, with 2,550 stock units changing hands.
Stocks closing with losses|Massy Holdings shares fell 2 cents to $50, after exchanging 3,548 shares, 
One Caribbean Media closed with a loss of 33 cents and ended at $10.07, in trading 10,000 shares and Scotiabank shed 1 cent and ended at $63.59, with 6,000 stock units changing hands.
Stocks closing firm| Angostura Holdings ended at $15.80, with 1,380 stock units changing hands, Clico Investments ended at $20.20, trading 211,705 stock units, Guardian Holdings completed trading of 5,313 units at $19, JMMB Group closed at $1.75, after exchanging 14,016 shares. NCB Financial Group settled at $8.39, trading 10,036 shares, Sagicor Financial exchanged 19,203 shares at $8.75, Trinidad Cement settled at $2.55, after swapping 6,171 shares and Unilever Caribbean concluded trading of 3,199 shares at $26.50.
Prices of securities trading for the day are those at which the last trade took place.
