Increased trading on Junior Market – Friday

Derrimon Trading exchanged 2.5m shares on Friday.

Trading rose 134 percent on the Junior Market of the Jamaica Stock Exchange on Friday, resulting in an exchange of 3,096,487 units valued at $9,592,204, 78 percent higher than the $5,378,634 expended on 1,321,507 shares traded on Thursday.  
The increased market activity failed to move the index up. At the close, the index dropped 35.46 points to 3,071.06 as 24 securities changed hands with prices of 5 rising, 13 declining and 6 remaining unchanged, compared with 25 securities changing hands previously.
Trading ended with an average of 129,020 units for an average of $399,675 in contrast to 52,860 units for an average of $215,145 on Thursday. The average volume and value for the month to date amounts to units 110,022 valued at $409,011 and previously 105,552 valued at $411,207 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 4 with lower offers.
At the close of the market, AMG Packaging ended at $2.20, with 12,842 stock units changing hands, Blue Power concluded trading with 500 units at $4.50, Cargo Handlers settled at $11, with an exchange of 100 shares, Caribbean Cream ended trading with a loss of 4 cents at $5.50, with 3,782 shares traded. Caribbean Flavours traded 102,200 stock units with a loss of 15 cents, in closing at $16.95, Caribbean Producers closed with 4,100 units changing hands, after falling 4 cents to end at $4.95, Derrimon Trading ended with a loss of 10 cents at $2.50, with an exchange of 2,510,989 shares. Dolphin Cove concluded trading of 750 shares, with a rise of 1 cent to $14, Everything Fresh finished with a loss of 4 cents at $1.41, with 48,000 stock units changing hands, Express Catering ended trading of 3,100 shares with a loss of 24 cents to end at $7.51, FosRich Group exchanged 4,462 shares and rose 40 cents to $4.30.  Fontana  finished trading 91,304 shares and fell 1 cent to $3.99,  General Accident  closed with a loss of 25 cents at $4.25, in exchanging 20,000 stock units, GWest Corporation  ended at $1.50, with 7,000 units trading. Honey Bun  concluded trading of 2,055 shares with a loss of 18 cents in closing at $4, iCreate added 1 cent and closed at $1.01, with an exchange of 100,791 shares, Indies Pharma finished 1 cent higher at $3.06, with an exchange 979 shares, Jamaican Teas traded with a loss of 90 cents at a 52 weeks’ low of $3.20, in swapping 61,000 units. Jetcon Corporation finished trading 26,470 shares, with a loss of 59 cents to close at $2.31, Knutsford Express concluded trading 18,881 stock units with a loss of 89 cents to $12.99, Lasco Distributors finished with a loss of 10 cents at $3.70, with an exchange 68,485 units. Lasco Manufacturing ended trading with 4,597 shares with a loss of 10 cents at $3.45, Medical Disposables traded 100 stock units at $8 and Stationery and Office concluded trading of 4,000 shares at $6.75.

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

Stocks falter on TTSE – Friday

Trading on the Trinidad & Tobago Stock Exchange ended with just one stock rising, 7 declining and 8 remaining unchanged as the volume and value of trades climbed over that on Thursday.
Trading ended with 16 securities changing hands, against 15 on Thursday with investors exchanging 582,066 shares for $13,484,840, compared to 244,479 shares for $4,262,247 on Thursday.
The Composite Index lost 2.99 points to end at 1,330.72. The All T&T Index declined 4.54 points to 1,771.10, while the Cross Listed Index fell 0.19 points to close at 120.11.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended at stocks with bids higher than their last selling prices and 3 with lower offers.
At the close of the market, Republic Financial Holdings rose 21 cents to $120, after exchanging 52,811 shares.
Stocks closing with losses| First Citizens fell 50 cents to settle at $36, after exchanging 6,687 shares, Massy Holdings closed with a loss of 10 cents and closed at $53.30, after exchanging 1,821 shares, NCB Financial Group shed 1 cent and settled at $8.24, with the trading of 200 shares. Sagicor Financial lost 15 cents in exchanging 55,520 shares to close at $8.65, Scotiabank ended trading at 51 cents lower at $63, with 1,452 stock units changing hands, Trinidad & Tobago NGL concluded trading with a loss of 77 cents at $29.50, with 130,367 units trading and Trinidad Cement fell 5 cents and settled at $2.60, after exchanging 13,319 shares.
Stocks closing firm| Angostura Holdings ended at $16, with 5 stock units changing hands, Clico Investments ended at $23, trading 75,283 stock units, Grace Kennedy ended at $3.30, with an exchange of 39,345 stock units, JMMB Group closed at $1.76, after exchanging 202,426 shares. One Caribbean Media concluded trading of 1,100 shares at $10.10, Point Lisas closed at $3.45, with 247 stock units changing hands, Unilever Caribbean ended at $26.30, after trading 1,311 shares and West Indian Tobacco ended at $98.75, with 172 stock units changing hands.

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

Motta in another big trade – Thursday

Stanley Motta 58 Half Way Tree building.


Stanley Motta led trading with 10 million shares for 84 percentage of the day’s volume on the main market of the Jamaica Stock Exchange on Thursday, down from 11.2 million units on Wednesday.
Trading ended with 12,017,340 units valued $109,444,077 crossing the exchange, compared to 22,489,492 units valued at $166,148,557 changing hands on Wednesday.
Market activity ended with an average of 375,542 units valued $3,420,127, in contrast to 725,467 shares valued at $5,359,631 on Wednesday. The average volume and value for the month to date amounts to 341,904 shares at $3,094,443 for each security, compared to 110,352 units valued at $1,654,394 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
At the close of the main and US markets, 33 securities traded, compared to 32 on Wednesday and leading to 8 advancing, 14 declining and 11 closing unchanged as investors pushed Kingston Wharves by $4 to $72 and JMMB Group by $2.99 to $33.
The JSE All Jamaican Composite Index lost 508.79 points to 422,832.52 and the JSE Index declined by 462.34 points to 385,234.49.
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 1 closing with a lower offer.
In main market activity, Barita Investments rose 40 cents and ended at $44.50, trading 11,367 stock units, Caribbean Cement added60 cents in trading of 60,212 shares changing hands, Eppley gained 43 cents and ended trading 5,150 shares at $11, Jamaica Broilers increased by $1 in trading 706,652 units to close at $32. Jamaica Producers fell 90 cents to close at $22.60, with 9,509 shares changing hands. Jamaica Stock Exchange  declined 95 cents to end at $16, with an exchange of 57,323 shares, JMMB Group lost $1.95 in trading of 29,136 shares to close at $31.05,  Kingston Wharves  dropped $4 to settle at $68, trading 2,000 units, Mayberry Investments  rose 72 cents in trading 16,020 shares, at $9.  Mayberry Jamaican Equities lost 83 cents and ended trading of 18,018 shares at $9.08, PanJam Investment  lost $1.70 to finish at $80, trading 3,755 shares, Scotia Group  lost $1.10 trading 102,176 shares at $50.20, Seprod fell 95 cents to close at $42.50 in trading 9,708 shares and Sterling Investments added 44 cents trading with 3,667 stock units at $3.99.
Trading in the US dollar market ended with 14,662 units with Productive Business Solution being the sole stock trading and ended at 59 US cents. The JSE USD Equities Index gained 0.15 points to close at 179.38.

 

IC Insider spot on for Portland by-election

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Annmarie Vaz winner of the East Portland seat.

In an article published March 10, IC insider.com had this to say about polls, “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.”
The articles concluded, “historical trend suggests the likelihood of a close result, for the East Portland seat, but whichever party can mobilize voters to get the out turn back to the traditional level of 60 percent, will win.”
The results are now in, ending with a 51 to 49 percent split of the votes, with around 55 percent turnout.
The article stated that 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 moved contrary to the swing in overall general elections. The article was commenting on the results of two sets of polls that were carried in the Jamaica Observer, showing incredible substantial leads for both parties.
The results of the elections show the pollsters to be off the mark, but the results of the election, confirms that there is a continuing swing for the governing JLP, well over the level that saw them winning the 2016 elections.

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Trading down for Junior Market – Thursday

Trading dropped more than 70 percent on the Junior Market of the Jamaica Stock Exchange on Thursday, resulting in an exchange of 1,321,507 units for just $5,378,634 compared to 3,107,329 units valued at $11,717,595 on Wednesday.
The market index gained 28.89 points to close at 3,106.52 as 25 securities changed hands with prices of 8 stocks rising, 7 declining and 10 remaining unchanged, compared with 26 securities changed hands previously.
Trading ended with an average of 52,860 units for an average of $215,145 in contrast to 119,513 units for an average of $450,677 on Wednesday. The average volume and value for the month to date amounts to units 105,552 valued at $411,207 and previously 122,660 shares with a value of $474,863 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 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 closed at $45.50, with an exchange of 5,800 shares, AMG Packaging ended at $2.20, with 20,250 stock units changing hands, Blue Power concluded trading of just 500 units and rose 20 cents to $4.50, Cargo Handlers settled at $11, with 5,000 shares. Caribbean Producers finished trading with 1,433 units at 29 cents higher to $4.99, Consolidated Bakeries closed at $2, with an exchange of 87,701 shares, Derrimon Trading ended at $2.60, with 15,000 shares changing hands, Everything Fresh finished trading 41,194 stock units at $1.45, Express Catering ended trading 95,224 shares with a loss of 25 cents to close at $7.75. FosRich Group ended with a loss of 10 cents at $3.90, with 13,174 shares changing hands, Fontana finished trading 511,481 shares, with a loss of 5 cents to close at $4,  General Accident  closed 30 cents higher at $4.50, with an exchange of 200 stock units, GWest Corporation  ended at $1.50, with 10,000 units trading. Honey Bun traded 259,350 shares, and rose 18 cents to end at $4.18, iCreate lost 1 cent and closed at $1, with an exchange of 44,410 shares. Indies Pharma finished with a loss of 5 cents at $3.05, with an exchange of 58,280 shares, Iron Rock  settled at $3.99, with 1,714 shares changing hands, Jamaican Teas traded 11,475 units at $4.10. Jetcon Corporation  finished trading 5 cents higher at $2.90, with an exchange of 40,467 shares, Knutsford Express  concluded trading of 270 stock units, with a loss of 60 cents in closing at $12.10,  Lasco Distributors  finished 8 cents higher at $3.80, with an exchange of 1,166 units, Lasco Financial  settled at $4.50, trading 6,760 shares. Lasco Manufacturing ended trading of 76,687 shares at 15 cents higher to $3.55, Main Event traded 3,971 shares with a loss of 5 cents to end at $5.40 and Medical Disposables gained 40 cents to close at $8, with 10,000 stock units changing hands.

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

TTSE up 4% in 2019 and moving higher

First Citizens Bank traded at 52 weeks’ high on Thursday.

Three securities closed at 52 weeks’ high as the Trinidad & Tobago Stock Exchange quietly continue to move higher with the All T&T Index rising more than 4 percent for the year to date.
 Trading ended with 15 securities changing hands, against 10 on Wednesday with investors exchanging 244,479 shares for $4,262,247, compared to 80,535 shares for $942,914 on Wednesday.
At close of the market, 7 stocks advanced 2 declined and 6 remained unchanged, while Clico Investments and First Citizens  closed at a 52 weeks’ highs and helped to lead the Composite Index to a gain of 5.30 points to 1,333.71. The All T&T Index jumped 10.87 points to end at 1,775.64, while the Cross Listed Index declined 0.06 points to close at 120.30
IC bid-offer Indicator|The Investor’s Choice bid-offer ended at stocks with bids higher than their last selling prices and 2 with a lower offer.
At the close of the market, stocks ending trading with gains| Angostura Holdings gained 20 cents to end at $16, with 306 stock units changing hands, Clico Investments finished 30 cents higher at $23, trading 108,409 stock units, First Citizens climbed 45 cents and settled at a 52 weeks’ high of $36.50, after exchanging 404 shares. Republic Financial Holdings added 29 cents and settled at $119.79, after trading just 20 shares, Scotiabank increased 50 cents and ended at $63.51, with a mere 35 stock units changing hands, Trinidad Cement rose 5 cents to $2.65, after exchanging 1,000 shares and Unilever Caribbean closed with a gain of 30 cents at $26.30, after swapping 10,482 shares.
Stocks closing losses| JMMB Group fell 2 cents at $1.76, after exchanging 41,500 shares and Trinidad & Tobago NGL closed with a loss of 23 cents and completed trading 33,763 units at $30.27.
Stocks closing firm| CinemaOne ended at $9.95, with 376 stock units changing hands, First Caribbean International Bank completed trading with 30,404 units at $8.25, National Flour exchanged 2,601 shares at $1.65. NCB Financial Group settled at $8.25, after exchanging 5,290 shares, Sagicor Financial closed at $8.80, after trading 10,250 shares and West Indian Tobacco ended at $98.75, with 15 stock units changing hands.

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

Cement hits record $73.90 on JSE – Wednesday

Caribbean Cement traded at a new high of $73.90 on Wednesday.

Caribbean Cement traded at a record high of $73.90 on Wednesday but closed at $60 at the close with a gain of $4 in trading 23,168 shares on the main market of the Jamaica Stock Exchange.
At the close of the main and US markets, 32 securities traded, compared to 31 on Tuesday and leading to 11 advancing, 11 declining and 10 closing unchanged as investors pushed Kingston Wharves by $4 to $72 and JMMB Group by $2.99 to $33.
The JSE All Jamaican Composite Index lost 2,104.17 points following the 1,034.03 points decline on Tuesday to close at 423,341.31 and the JSE Index declined by 1,912.07 points to 385,696.83 after it fell 939.63 points on Tuesday.
Trading ended with 22,489,492 units valued at $166,148,557 crossing the exchange, compared to 1,404,921 units at just $34,225,857 changing hands on Tuesday.
On a day of increased volumes, Stanley Motta led trading with 11.2 million shares for 50 percentage of the day’s volume, followed by Kingston Properties with 10 million units for 45 percent of the overall volume shares, no other stock came close to 1 million shares.
Market activity ended with an average of 725,467 units valued $5,359,631, in contrast to 50,176 shares valued at $1,222,352 on Tuesday. The average volume and value for the month to date amounts to 110,352 units valued at $1,654,394. 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 9 stocks ending with bids higher than their last selling prices and 6 closing with lower offers.
In main market activity, Barita Investments fell 30 cents to $44.10, with an exchange of 4,767 shares, Berger Paints lost 75 cents and ended at $20.25, trading 400 stock units, Caribbean Cement jumped $4 to close at $60, with 23,168 shares changing hands, Jamaica Broilers shed 50 cents in trading 10,250 units to close at $31. Jamaica Producers  gained $1 to close at $23.50, with 10,536 shares changing hands. JMMB Group  climbed $2.99 in trading of 10,536 shares at $33,  Kingston Wharves  jumped $4 to settle at $72, trading 2,150 units,  Pulse Investments  gained 39 cents to finish at $3.18, trading 22,130 shares, Scotia Group  put on 29 cents trading 119,151 shares at $51.30,  Seprod rose $1.29 to close at $43.44 in trading 2,351 shares. Stanley Motta rose 66 cents and closed at $5.31, with 11,215,430 shares changing hands. Sterling Investments lost 44 cents trading with 79,757 stock units at $3.55.
Trading in the US dollar market ended with 51,788 units. JMMB Group preference share closed trading and with 7,000 units changing hands at US$1.04 and Sygnus Credit Investments exchanged 44,788 shares at 10 US cents. The JSE USD Equities Index remained unchanged at 179.23.

No losers on TTSE – Wednesday

Trinidad & Tobago Stock Exchange Head Quarters

Trading on the Trinidad & Tobago Stock Exchange fell sharply on Wednesday, with a big drop in in volume and value of stocks changing hands.
 Trading ended with 10 securities changing hands, against 14 on Tuesday with investors exchanging just 80,535 shares for $942,914, compared to 146,470 shares for $3,700,163 on Tuesday.
At close of the market, 5 stocks advanced and 5 remained unchanged, while Clico Investments traded at a 52 weeks’ high of $22.70. The Composite Index fell 0.06 points on to 1,328.41. The All T&T Index declined 0.48 points to 1,764.77, while the Cross Listed Index gained 0.05 points to close at 120.36.
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 trading with gains| Clico Investments closed with a gain of 20 cents at $22.70, with 2,000 stock units changing hands, Guardian Holdings gained 25 cents and completed trading 280 units at $18.50. Scotiabank finished trading 200 stock units after an increase of 1 cent to end at $63.01. Trinidad & Tobago NGL closed trading at $30.50, after exchanging 7,000 units and Trinidad Cement ended trading 5,650 shares with a rise of 5 cents at $2.60.
Stocks closing losses| There were no security trading at a loss at the close of the market.
Stocks closing firm| First Caribbean International Bank completed trading of 500 units at $8.25, Grace Kennedy ended at $3.30, with 30,600 stock units changing hands, NCB Financial Group settled at $8.25, after exchanging 114 shares. Republic Financial Holdings closed at $119.50, after trading 2,221 shares and Sagicor Financial lost 15 cents and ended at $8.80, after exchanging 31,970 shares.

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

Trading rises on Junior Market – Wednesday

Junior Market stock trading.

Trading picked up on the Junior Market of the Jamaica Stock Exchange on Wednesday, resulting in an exchange of 3,107,329 units valued at $11,717,595 compared to 1,594,633 units valued at $6,823,033 on Tuesday.
The market index dived 43.58 points to close at 3,077.63 as 26 securities changed hands with prices of 7 stocks rising, 10 declining and 9 remaining unchanged, compared with 23 securities changed hands previously.
Trading ended with an average of 119,513 units for an average of $450,677 in contrast to 69,332 units for an average of $296,654 on Tuesday. The average volume and value for the month to date amounts to units 122,660 valued at $474,863 and previously 124,264 units valued at $487,194. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ended with bids higher than their last selling prices and 3 with lower offers.
At the close of the market, Access Financial traded 14,046 shares at $45.50, AMG Packaging ended 4 cents higher at $2.20, with an exchange of 5,000 stock units, CAC 2000 finished with a loss of 3 cents at $9, with the swapping of 23,674 shares, Caribbean Producers traded 58,978 units, with a loss of 29 cents at $4.70. Consolidated Bakeries closed with a loss of 9 cents at $2, with 52,535 shares changing hands, Derrimon Trading ended with a loss of 5 cents at $2.60, while trading 181,518 shares, Everything Fresh finished 5 cents higher at $1.45, with 46,797 stock units changing hands. Elite Diagnostic settled with a loss of 14 cents at $3.02, with an exchange of 3,730 units, Express Catering ended trading of 51,100 shares at $8, FosRich Group traded with a loss of 40 cents at $4, with 7,484 shares, Fontana finished trading at $4.05, with 66,924 shares. General Accident closed with a loss of 30 cents at $4.20, with 93,750 stock units changing hands, GWest Corporation ended 10 cents higher at $1.50, trading 26,782 units, Honey Bun concluded trading with 300 shares at $4, iCreate closed at $1.01, with an exchange of 102,200 shares. Indies Pharma ended at $3.10, with 23,500 shares changing hands, Iron Rock  settled 1 cent higher at $3.99, with an exchange of 1,400 shares, Jamaican Teas  traded 1,000 units for an increase of 10 cents to close at $4.10. Jetcon Corporation  finished trading 6,210 shares with a rise of 5 cents to $2.85,  Key Insurance  closed with a loss of 15 cents at $3, with 4,000 shares changing hands,
Lasco Distributors
finished 2 cents higher at $3.72, with an exchange of 193,890 units. Lasco Financial  traded 16,000 shares with a loss of 2 cents to end at $4.50, Lasco Manufacturing  ended trading with a loss of 25 cents at $3.40, while exchanging 2,015,333 shares, Main Event  traded 7,248 shares at $5.45, Paramount Trading  closed at $2.50, with 100 units changing hands and  Stationery and Office concluded trading with 103,830 shares at $6.75.

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

Cement drops $8.90 on JSE – Tuesday

Carib Cement dropped sharply from record close on Monday.

Caribbean Cement dropped $8.90 to lead four stocks declining $2.50 or more, on the Jamaica Stock Exchange ended on Tuesday and helped to send the market index into a fall.  
Investors pushed Cement to $67 in early trading but some selling came in to move the price lower to $56, but the stock closed with the bid at $60. Supreme Ventures that closed at a record high of $29.50 fell by $2.50 at the close. JMMB Group lost $3.49 and Kingston Wharves was down $4 at the close.
At the end of trading the Jamaica Stock Exchange main market retreated a bit from its upward climb to the record high of November last year and is now within 8,000 points away.
The JSE All Jamaican Composite Index lost 1,034.03 points to end at 425,445.48 and the JSE Index declined by 939.63 points to 387,608.90.
At the close of the main and US markets, 31 securities traded, compared to 35 on Monday and leading to 11 advancing, 11 declining and 9 closing unchanged.
Trading ended with 1,404,921 units at just $34,225,857 crossing the exchange, compared to 4,774,806 units valued at $58,420,189 changing hands on Monday.
On a day of low volumes, Victoria Mutual Investments led trading with 597,440 shares, and no other stock came close.
Market activity ended with an average of 50,176 units valued at an average of $1,222,352 for each security traded. In contrast to 170,529 units for an average of $2,086,435 on Monday. The average volume and value for the month to date amounts to 110,352 units valued at $1,654,394. 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 6 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Barita Investments fell 37 cents to $44.40, with an exchange of 1,025 shares, Caribbean Cement dropped $8.90 to close at $56, with 152,518 shares changing hands, Jamaica Broilers rose $1.49 in trading 4,202 units to close at $31.50, Jamaica Producers gained 50 cents to close at $22.50, with 20,445 shares changing hands. JMMB Group dropped $3.49 and concluded trading of 49,159 shares at $30.01, Kingston Wharves sank $4 to settle at $68, trading 5,332 units, Mayberry Investments lost 92 cents trading 17,500 shares to close at $8.28, Salada Foods rose 95 cents in closing at $30, with 200 shares changing hands.  Scotia Group  dropped 49 cents trading 30,677 shares at $51.01, Seprod rose $1.29 to close at $43.44 in trading 2,351 shares, Supreme Ventures  dropped $2.50 to finish at a record high of $27, with an exchange of 111,448 units.
Trading in the US dollar market resulted in 160,444 units valued at over $20,989 changing hands. Margaritaville  closed 25 US cents while trading with 233 shares, Proven Investments gained 1 cents trading 37,769 at 23 US cents and Sygnus Credit Investments exchanged 122,442 shares at 10 US cents. The JSE USD Equities Index gained 2.99 points to close at 179.23.