Trading on the main market of the Jamaica Stock Exchange ended on Wednesday with the market indices and ending with more declines even as advancing stocks were more than declining ones.
At the close of trading, the JSE All Jamaican Composite Index declined 877.61 points to 409,723.94 and the JSE Index lost 798.74 points to 373,309.38.
The main and US markets traded a total of 35 securities, compared to 34 securities trading on Tuesday, with the prices of 11 rising, 9 declining and 15 remaining unchanged. JMMB Group 7% NC preference share closed at a 52 weeks’ low $1.98.
Main market activity ended with, 9,650,019 valued at $141,880,042, compared to 9,605,896 units valued at $71,284,670 changing hands, on Tuesday.
Wisynco Group led trading with 3.3 million shares for 34 percent of the day’s volume, Radio Jamaica was next with 2,093,021 shares and accounting for 22 percent of the total main market volume changing hands and Jamaica Broilers with 1,959,403 shares, for 20 percent of the day’s volume and Jamaica Stock Exchange traded 1.16 million units.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 12 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
An average of 292,425 units valued at an average of $4,299,395 compared to 300,184 units valued at an average of $2,227,646 for each security traded, on Tuesday. The average volume and value for the month to date, amounts to 318,056 shares with a value of $9,511,657 and previously, 321,224 shares with a value of $10,240,490. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
In main market activity, Grace Kennedy traded 35,455 stock units and climbed $1.84 to end at $59.50, Jamaica Broilers finished trading 1,959,403 shares and rose 30 cents to end at $33.80, Kingston Wharves rose $1 to close at $71, with 1,192 units changing hands, 183 Student Living rose 99 cents and finished trading 5,000 shares at $5. PanJam Investment dropped $2.99 in closing at $75.01, trading 1,500 units, Sagicor Group fell $1.40 and ended trading 23,200 stock units at $37.10, Salada Foods traded just 18,495 shares, but lost $5.50 to close at $32.50. Stanley Motta fell 50 cents to end at $4.50, with an exchange of 1,616 shares, Supreme Ventures rose 45 cents and finished trading of 129,583 units at $19.80. Sygnus Credit Investments rose 75 cents to end at $11 with an exchange of 16,550 shares, Victoria Mutual Investments rose 35 cents to settle at $4.05, with 30,867 shares changing hands and Wisynco Group rose 40 cents and concluded trading of 3,318,014 shares $10.90.
Trading in the US dollar market resulted in 41,480 units valued at $7,059 changing hands. Proven Investments traded 30,000 units at 22 US cents and Sterling Investments rose 2 cents in exchanging of 11,480 shares at 4 US cents. The JSE USD Equities Index advanced by 5.09 points to close at 175.84.
Gains for TTSE stocks – Wednesday
Market activity on the Trinidad & Tobago Stock Exchange ended on Wednesday with trading in 13 securities against 15 on Tuesday, with 5 advancing, 2 declining and 6 remaining unchanged.
At close of the market, the Composite Index gained 0.31 points to end at 1,309.60. The All T&T Index rose 1.66 points to close at 1,710.07, while the Cross Listed Index declined 0.15 points to close at 122.83.
Trading ended with 382,241 shares at a value of $9,662,035, compared to 255,808 shares on Tuesday valued at $2,783,173.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 2 stocks with bids higher than their last selling prices and 2 with lower offers.
Stocks closing with gains | Agostini’s gained 10 cents to close at $23.30, after exchanging 337 shares, First Citizens finished trading 33,612 shares, with a rise of 10 cents to settle at $34.20, Massy Holdings rose 1 cent to close at a 52 weeks’ high of $48.01, after exchanging 55,682 shares. Republic Financial Holdings ended trading of 3,071 shares, with a gain of 21 cents to $108.01 and West Indian Tobacco finished 6 cents higher at $95.56, with 20,000 stock units changing hands.
Stocks closing with losses| Sagicor Financial closed with a loss of 1 cent at $9.99, after exchanging 8,500 shares and Trinidad & Tobago NGL declined 11 cents and completed trading of 68,154 units at $29.50.
Stocks closing firm| Clico Investments ended at $20.16, with 7,412 stock units changing hands, JMMB Group closed at $1.75, after exchanging 20,164 shares, National Enterprises ended at $8, with 151,037 stock units changing hands. Prestige Holdings completed trading of 4,600 units at $7.35, Scotiabank ended at $63.64, with 625 stock units changing hands and Trinidad Cement settled at $2.50, after exchanging 9,047 shares.
Prices of securities trading for the day are those at which the last trade took place.
More gains for TTSE stocks – Tuesday
Market activity on the Trinidad & Tobago Stock Exchange ended on Tuesday with trading in 15 securities against 15 on Monday, with 4 advancing, 2 declining and 9 remaining unchanged.
At close of the market, the Composite Index gained 0.47 points to end at 1,309.29. The All T&T Index rose 0.86 points to 1,708.41, while the Cross Listed Index inched 0.01 points higher to close at 122.98.
Trading ended with 255,808 shares at a value of $2,783,173, compared to 299,658 shares on Monday valued at $4,351,193.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 4 stocks with bids higher than their last selling prices and 2 with lower offers.
Stocks closing with gains | Ansa Mcal increased 20 cents and ended at $55.20, with an exchange of 60 units, First Citizens rose 5 cents to close at $34.10, after exchanging 500 shares, Sagicor Financial closed with a gain of 26 cents at $10, in exchanging 168,000 shares and Trinidad & Tobago NGL gained 11 cents and ended at $29.61, with 3,928 units changing hands.
Stocks closing with losses | JMMB Group share fell 1 cent and settled at $1.75, after trading 7,749 shares and Point Lisas shed 15 cents and ended at a 52 weeks’ low of $3.45, with 750 stock units changing hands.
Stocks closing firm | Clico Investments concluded trading of 5,370 stock units at $20.16, First Caribbean International Bank ended at $8.50, with 1,078 units changing hands, Guardian Holdings ended at $18, trading 2,094 units, National Enterprises closed at $8, with an exchange of 2,000 stock units, Prestige Holdings ended at $7.35, with an exchange of 1,000 units. Republic Financial Holdings completed trading 1,437 shares at $107.80, Scotiabank concluded market activity at $63.64, with 615 stock units changing hands, Trinidad Cement completed trading at $2.50, after exchanging 56,654 shares and West Indian Tobacco ended at $95.50, with 4,573 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.
Everything Fresh picks up Meat company
The company expects to spend an additional $30 million for upgrades, the release stated. “Meat Experts is a widely integrated manufacturing operation located in Bog Walk, St. Catherine. It has its own abattoir, cutting, processing, packaging and cold storage facilities and logistics network. This acquisition will add several new products to the Everything Fresh lineup, promote the support of local livestock and produce farmers and reduce costs. Everything Fresh will be serving both its bulk and retail clients with additional products that will be launched under the Meat Experts and Everything Fresh brands. Everything Fresh continues to pursue other salient opportunities which exist,” the company stated.
The acquisition provides diversification for Everything Fresh that was previously a purely a distributor of edible goods including fruits and meats.
Everything Fresh is listed on the Junior Market of the Jamaica Stock Exchange, with the stock closing at $1.61 on Monday.
The suffered a reduction in revenues in the September 2018 quarter from $450 million to $422 million but the nine months period enjoyed a rise from $1.365 billion to $1.39 billion. A loss of $17.5 million was realized in the September quarter versus a profit of $11 before tax in 2017 and for the nine months, profit declined to $27 million before tax from $35 million in 2017. The acquisition could add between $20 to $30 million in profit for the group, based on the capital involved in acquisition and the upgrade to take place.
7 TTSE stocks gain 2 fell on Monday
Market activity on the Trinidad & Tobago Stock Exchange ended on Monday with trading in 15 securities against 20 on Friday, with 7 advancing, 2 declining and 6 remaining unchanged.
At close of the market, the Composite Index gained 0.98 points to close at 1,308.82. The All T&T Index rose 1.77 points to 1,707.55, while the Cross Listed Index added 0.02 points to close at 122.97.
Trading ended with 302,158 shares at a value of $4,351,193, compared to 240,095 shares on Friday valued at $9,611,692.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 3 stocks with bids lower than their last selling prices and 2 with lower offers.
Stocks closing with gains| Clico Investments rose 4 cents and closed at $20.16, with 16,875 stock units changing hands, Massy Holdings gained 34 cents to close at a 52 weeks’ high of $48, after exchanging 3,326 shares, One Caribbean Media finished 5 cents higher and settled at $10.40, after exchanging 50 shares. Republic Financial Holdings concluded trading of 195 shares after rising 14 cents to $107.80, after, Sagicor Financial added 63 cents and settled at $9.74, after exchanging 167,608 shares, Trinidad & Tobago NGL increased 20 cents and ended at $29.50, with 24,155 units changing hands and Unilever Caribbean rose 44 cents and settled at $25.50, after exchanging 104 shares.
Stocks closing with losses| Prestige Holdings fell 5 cents to $7.35, with an exchange of 44,293 units and Scotiabank fell 1 cent concluded trading 11,209 stock units at $63.64.
Stocks closing firm | Calypso Macro Index Fund traded 2,500 shares to close at $14, First Citizens completed trading at $34.05, after exchanging 1,513 shares, Grace Kennedy ended at $3.10, with 1,585 stock units changing hands. Guardian Holdings ended at $18, trading 10,835 units, JMMB Group settled at $1.76, after exchanging 5,207 shares and NCB Financial Group completed trading at $8.45, with an exchange of 12,703 shares.
Prices of securities trading for the day are those at which the last trade took place.