IC Insider.com — Page 694

Junior Market gains on low volume – Thursday

October 25, 2018 by IC Insider.com

The Junior Market Index rose 32.22 points to close at 3,297.35, on Thursday with just 22 securities trading, compared to 30 on Wednesday. At the close 8 advanced, 2 declined and 12 remained unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading had 7 stocks ending with bids higher than their last selling prices, while 6 closed with lower offers.
The market traded a mere 649,685 units valued at $2,602,109 compared to 427,247 units valued at $2,611,085 on Wednesday.
Trading ended with an average of a mere 29,531 units for an average of $118,278 in contrast to 14,242 units for an average of $87,036 on Wednesday. The average volume and value for the month to date amounts to 64,288 units valued at$294,990 and previously 65,954 units valued at $303,460. September, ended with an average of 484,335 at $2,628,299 for each security traded.
At the close of trading, AMG Packaging ended at $1.80, with 67,500 stock units trading, CAC2000 finished trading 7,935 shares at $16, Caribbean Cream closed trading 55 cents higher at $5.90, swapping 955 shares, Caribbean Producers finished trading 6,100 units at $6.84, Derrimon Trading ended at $2.82, with 14,300 shares changing hands. Dolphin Cove concluded trading 1,030 shares after rising 10 cents to $14.90, Elite Diagnostic finished with a loss of 5 cents at $3.40, with 15,100 stock units changing hands, Everything Fresh gained 16 cents in trading 33,310 shares to close at $2.04, Express Catering ended trading 72,810 shares at $8, FosRich Group traded 65 cents higher at $3.75, with 16,584 shares changing hands. GWest Corporation closed at $1.60, trading 30,078 stock units, Honey Bun ended 10 cents higher at $4.15, with an exchange of 8,444 units, Indies Pharma ended trading at $3 with 107,461 shares changing hands, Iron Rock concluded trading of 15,000 shares after rising 7 cents to close at $4.80, Jetcon Corporation ended trading at $3.85, with 70,044 stock units changing hands. Knutsford Express closed at $12, with 1,250 shares trading, Lasco Distributors ended 10 cents higher at $4, with 97,607 shares changing hands, Lasco Financial concluded trading of 14,903 stock units, after gaining 20 cents to $5.50, Lasco Manufacturing finished at $3.50, with 31,901 units changing hands. Main Event settled with a loss of 5 cents at $5.95, exchanging 1,332 shares and Paramount Trading closed at $2.75, in exchanging 26,306 shares. In the junior market preference segment, Eppley 8.25% concluded trading of 9,735 units at $6.06.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, CAC2000, Caribbean Producers, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Eppley, Everything Fresh, Express Catering, FosRich, GWest, Honey Bun, Indies Pharma, Jamaica Stock Exchange, Jamaican Stock, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Paramount Trading, Trading Activity

TTSE makes gains on Thursday

October 25, 2018 by IC Insider.com

Stocks mostly fell in trading on the Trinidad & Tobago Stock Exchange on Thursday, with trading in 15 securities against 13 on Wednesday, 4 advanced, 1 declined and 10 remained unchanged.
The market ended trading of 254,860 shares valued $1,543,091, compared to 190,234 shares valued $7,710,433 changing hands on Wednesday.
Trading closed, with the Composite Index gaining 1.62 points to 1,231.15. The All T&T Index fell 0.67 points to 1,697.12, while the Cross Listed Index gained 0.54 points to close at 102.92.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 3 stocks ending with higher bids than the last selling prices and 3 with lower offers.
Stocks to Watch include, a number of companies that are exhibiting bullish tendencies and may be moving higher in the days ahead, the group includes, Agostini’s, Ansa McAl, Grace Kennedy, Republic Holdings, Point Lisas and West Indian Tobacco.
Stocks closing with gains| First Caribbean International Bank closed with a gain of 10 cents and completed trading at $8.50, with 575 units, First Citizens gained 5 cents and settled at $32.70, after exchanging 2,950 shares, JMMB Group finished trading with a gain of 2 cents at $1.63, after exchanging 100,000 shares and Republic Financial Holdings closed with an increase of 14 cents and ended at 52 weeks’ high of $106.50, after exchanging 4,383 shares.
Stocks closing with losses| Trinidad & Tobago NGL fell 20 cents to close at $29.30, in exchanging 750 shares.
Stocks trading with no price change| Clico Investments ended at $20.20, with 5,020 stock units changing hands, Grace Kennedy closed at $2.78, in swapping 26,950 stock units, Massy Holdings ended at $46.92, after exchanging 209 shares, National Enterprises closed at $8.96, with 7,611 stock units changing hands, National Flour completed trading of 47,679 units at $1.70, One Caribbean Media concluded activity at $12, after exchanging 200 shares, Prestige Holdings completed trading of 653 units at $7.50, Sagicor Financial ended at $7.52, with 57,500 stock units changing hands, Scotiabank completed trading at $64, with 130 units and Unilever Caribbean ended at $25.50, with 250 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, Ansa Mcal, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, National Enterprises, National Flour, NCB Financial Group, One Caribbean Media, Point Lisas, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, West Indian Tobacco

15 stocks fall 6 rise on JSE – Wednesday

October 24, 2018 by IC Insider.com

Jamaica Stock Exchange.

The number of securities trading fell on Wednesday on the Jamaica Stock Exchange main and US markets to 30 up from 36 on Tuesday but with 2,854,732 units valued at over $50,801,535 trading, compared with 2,431,671 units valued at $40,003,992 changing hands, on Tuesday.
Main market trading closed with JMMB Group 7.5% preference share leading with 1,132,076 units and 42.7 percent of the day’s volume, followed by Grace Kennedy trading 223,066 shares or 7.8 percent of the day’s volume and Carreras with 210,994 units and 7.4 percent of volume traded.
The market ended with the prices of 6 securities rising, 15 declining while 9 remained unchanged leading to the All Jamaica Composite Index declining 1,319.14 points to 397,798.81 and the JSE Index falling by 1,201.89 points to close at 362,439.74.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and 5 closing with lower offers, an indication that falling prices are likely to be dominant on Thursday.
Trading resulted in an average of 101,955 units valued at over $1,814,341, in contrast to 78,441 shares valued at $1,290,451 on Tuesday. The average volume and value for the month to date amounts to 309,467 shares, valued $5,538,737 and previously 321,423 shares, valued $5,766,429. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Barita Investments lost $1.50 to close at $18, in exchanging 36,644 shares, Berger Paints rose 50 cents to finish at $22.50, trading 403 shares, Grace Kennedy fell $1.50, trading 223,066 shares at $57.50, Jamaica Producers lost 50 cents to close of $29 with 33,405 units changing hands, Mayberry Investments fell 45 cents to settle at $10.05, exchanging 17,161 units, Mayberry Jamaican Equities declined $1 to $12 with 8,800 units trading, NCB Financial Group climbed $3.25 and ended trading 74,617 shares at $128.25, Portland JSX rose 50 cents and ended at $8.50, trading just 100 units. Pulse Investments lost 46 cents in trading 9,496 shares at $2.40, Sagicor Group fell 80 cents to $43.20, trading 26,046 shares, Scotia Group gained 50 cents in trading 51,880 units to close at $53, Seprod finished trading 19,103 shares, with a fall of $2.60 to close at $33 and Sterling Investments fell 80 cents to finish trading 22,768 shares at $22.50.
Trading in the US dollar market closed with 803,989 units valued at $107,793 changing hands as Proven Investments ended with a loss of 1 cent trading 204,139 to close at 20 US cents and Sygnus Credit Investments US dollar ordinary share traded 599,850 units and gained 0.5 cent to end at 11.5 US cents. The JSE USD Equities Index fell 2.06 points to 162.60.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Prices mostly down on TTSE – Wednesday

October 24, 2018 by IC Insider.com

Add your HTML code here...

Trinidad & Tobago Stock Exchange Head Quarters

Stocks mostly fell in trading on the Trinidad & Tobago Stock Exchange on Wednesday, with trading in 13 securities against 12 on Tuesday, 1 advanced, 3 declined and 9 remained unchanged.
The market ended trading of 190,234 shares valued $7,710,433, compared to 54,899 shares at a value of $524,117 changing hands on Tuesday. Just two securities accounted for the bulk of trading. Trinidad and Tobago NGL traded 88,442 shares for a value of $2,608,967 and West Indian Tobacco closed with of 50,349 shares traded for $4,531,410.
Trading closed, with the Composite Index lost 3.40 points to 1,229.53, the All T&T Index fell 2.20 points to 1,697.79, while the Cross Listed Index shed 0.63 points to close at 102.38.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 4 stocks ending with higher bids than the last selling prices and 3 with lower offers.
Stocks to Watch include, a number of companies that are exhibiting bullish tendencies and may be moving higher in the days ahead, the group includes, Agostini’s, Ansa McAl, Grace Kennedy, Republic Holdings,Point Lisas and West Indian Tobacco.
Stocks closing with gains|Republic Financial Holdings closed with a gain of 1 cent and ended at 52 weeks’ high of $106.36, after exchanging a mere 20 shares.
Stocks closing with losses| First Citizens ended trading 10 cents lower to end at $32.65, after exchanging 1,285 shares, NCB Financial Group concluded trading with a loss of 10 cents at $6, exchanging 605 shares and Scotiabank traded 115 units and closed with a loss of 75 cents at $64.
Stocks trading with no price change| Clico Investments completed trading at $20.20, with 7,821 stock units changing hands, Guardian Holdings settled at $16.90, trading 7,800 units, Massy Holdings ended at $46.92, after exchanging 300 shares, National Flour closed at $1.70, trading 3,400 units, Prestige Holdings traded 14,600 units in settling at $7.50, Sagicor Financial completed trading at $7.52, with 11,225 stock units changing hands, Trinidad & Tobago NGL ended at $29.50, after exchanging 88,442 shares, Trinidad Cement ended at $2.65, after exchanging 4,272 shares and West Indian Tobacco settled at $90, with 50,349 units changing hands.
EM>Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, Ansa Mcal, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Citizens, Grace Kennedy, Guardian Holdings, Massy Holdings, National Flour, NCB Financial Group, Point Lisas, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, West Indian Tobacco

Junior Market in big drop – Wednesday

October 24, 2018 by IC Insider.com

The Junior Market Index dived 44.46 points to close at 3,265.13, on Wednesday with 30 securities traded, compared to 23 on Tuesday, as 14 advanced, 9 declined and 7 remained unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading jumped sharply to 7 stocks ending with bids higher than their last selling prices, while 2 closed with lower offers.
The market traded a mere 427,247 units valued at $2,611,085 compared to 549,331 units valued at $2,101,338 on Tuesday.
Trading ended with an average of a mere 14,242 units for an average of $87,036 in contrast to 23,884 units for an average of $91,363 on Tuesday. The average volume and value for the month to date amounts to 65,954 units valued at $303,460 and 69,570 units valued at $318,595, previously. September, ended with an average of 484,335 at $2,628,299 for each security traded.
At the close of trading, Access Financial closed 60 cents higher at $46.10, in exchanging 290 shares, AMG Packaging ended with a loss of 2 cents at a 52 weeks’ low of $1.80, with 2,000 stock units trading, Blue Power concluded trading of 12,076 units, with a loss of 54 cents to close at $6.50, CAC 2000 fell $1 to $16, with 13,439 shares changing hands, Cargo Handlers settled with a loss of 1 cent at $12.75, with 3,628 shares being traded. Caribbean Cream ended trading 55 cents higher at $5.35, with 20,000 shares, Caribbean Producers finished trading 1,936 units at $6.84, Consolidated Bakeries closed 10 cents higher at $2.40, swapping 5,000 shares, Derrimon Trading gained 2 cents to $2.82, with 10,244 shares trading. Dolphin Cove concluded trading of 29,000 shares with a loss of $2.20 to end at $14.80, Elite Diagnostic finished 5 cents higher at $3.45, swapping 13,958 stock units, Everything Fresh gained 8 cents in trading 18,000 shares to close at $1.88, Express Catering ended trading 17,300 shares with a loss of 30 cents to close at $8, FosRich Group traded 3,000 shares with a loss of 70 cents to finish at $3.10. General Accident finished trading 2,000 shares and rose 25 cents to $3.95, GWest Corporation closed with a gain of 5 cents at $1.60, in exchanging 39,615 stock units, Honey Bun ended at $4.05, with 300 units changing hands, Indies Pharma gained 5 cents to end at $3 with 8,564 shares changing hands, Iron Rock concluded trading of 2,000 shares and rose 3 cents to $4.73. Jamaican Teas settled at $4.10, with a mere 100 shares trading, Jetcon Corporation ended trading of a mere 200 stock units and rose by 35 cents to $3.85, Knutsford Express closed at $12, with 11,495 shares trading, Lasco Distributors ended with a loss of 4 cents at $3.90, with 64,426 shares being exchanged. Lasco Financial concluded trading of 96,407 stock units at $5.30, Lasco Manufacturing closed at $3.50, with 7,932 units changing hands, Main Event settled at $6, in trading 6,938 shares, Medical Disposables ended trading with 650 shares after rising 30 cents to a 52 weeks’ high of $7.50, Paramount Trading traded 25 cents higher at $2.75, with 2,000 shares,SSL Venture Capital traded 1,000 shares and gained 5 cent to close at $2.05 and Stationery and Office finished trading 33,749 stock units with a loss of 40 cents to $9.50.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Blue Power, CAC2000, Cargo Handlers, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, FosRich, GWest, Honey Bun, Indies Pharma, Jamaica Stock Exchange, Jamaican Stock, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity

Trinidad economy mending

October 24, 2018 by IC Insider.com

Down town Port of Spain, Trinidad.

The economy of Trinidad and Tobago is exhibiting signs of economic recovery according to reports out of the country’s central bank.
According to the bank, “activity in the energy sector continued to pick up in the second quarter of 2018. Natural gas production benefitted from implementation of the Juniper project with positive spillovers to methanol output. Recent data show a reversal of the trend of falling cement sales, but it is too early to tell whether this represents the start of a recovery in construction and in the non-energy sector as a whole. Meanwhile, price pressures stayed well contained, with headline inflation registering 1.1 percent in August 2018.”
“Lending to the private sector continued to grow in 2018, reaching 7.1 percent in July (year on year), reflecting mainly loans for refinancing and debt consolidation, with credit to businesses rising by a more modest 2.7 percent. Over the first half of the year, there was a 1.2 percent decline in the interest spread of commercial banks, the result of a simultaneous decrease in the average lending rate alongside a rise in the average deposit rate.”
The central further stated that, “in the third quarter, following the increase in the Central Bank’s repo rate in June, there is initial evidence of transmission to other rates—with announcements by some banks, of increases in their prime lending rates as well as higher term deposit rates.”

Trinidad Cement

“There was a temporary spike in excess reserves of commercial banks at the Central Bank in July-August in the context of widespread investor interest in a public sector bond arrangement. The Central Bank’s removal of the 2 per cent secondary reserve requirement on banks’ deposit liabilities in August also boosted liquidity. This action was in keeping with the Bank’s objective to progressively rely on more market-based policy measures, including open market operations.”
“In its deliberations, the Monetary Policy Committee (MPC) took note of the domestic situation, including the growth that remained concentrated in the energy sector, the low inflation numbers and the gradual transmission of the June 2018 repo rate increase. The Committee also observed the ongoing normalization of monetary policy in the US and wider trade and growth developments. Taking all factors into consideration, the MPC decided to maintain the repo rate at 5 percent.”

Filed Under: Economy

More stocks less volume trade on JSE – Tuesday

October 23, 2018 by IC Insider.com

The number of securities trading rose on Tuesday on the Jamaica Stock Exchange main and US markets to 36 up from 32 on Monday but with less volume of 2,431,671 units valued at $40,003,992 compared with 5,670,913 units valued at $98,003,071 changing hands, on Monday.
Trading closed with Ciboney leading with 1,039,900 units and 42.7 percent of the day’s volume, followed by Scotia Group trading 255,885 shares or 10.5 percent of the day’s volume and Carreras with 166,800 units and 7 percent of volume traded.
The market ended with the prices of 13 securities rising, 9 declining while 14 remained unchanged leading to the All Jamaica Composite Index in slipping 44.99 points to 399,117.95 and the JSE Index falling by 40.99 points to close at 363,641.63. During the morning session the market was up more than 6,000 points with NCB Financial trading up to $128.25.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 5 stocks ending with bids higher than the last selling prices and 5 closing with lower offers, an indication that falling prices are likely to be dominant on Wednesday.
Trading resulted in an average of 78,441 units valued at over $1,290,451, in contrast to 189,030 shares valued at $3,266,769 on Monday. The average volume and value for the month to date amounts to 321,423 shares, valued $5,766,429 and previously 337,978 shares, valued $6,091,383. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Barita Investments lost $1.50 to close at $19.50, in exchanging 93,063 shares, Caribbean Cement rose 99 cents to finish at $47, trading 3,000 shares, Grace Kennedy rose $1 trading of 48,306 shares at $59, Jamaica Broilers climbed $1.50 in trading 110,010 stock units to close at $30, Jamaica Producers added $2.50 to close of $29.50 with 7,255 units changing hands, JMMB Group jumped $1 to $35 trading 30,191 shares, Mayberry Investments fell 50 cents to settle at $10.50, exchanging 11,450 units, Mayberry Jamaican Equities climbed $1.25 to $13 with 90,200 units trading, PanJam Investment gained $2 to end at $64, trading 18,055 shares, Proven Investments ended trading 18,819 shares in the Jamaican dollar based market to close at a record $30 after rising $3.60, Sagicor Group fell by $2 cent to $44, trading 17,852 shares, Scotia Group gained 50 cents in trading 255,885 units to close at $52.50, Seprod finished trading 2,968 shares, with a fall of $3.40 to close at $35.60, Stanley Motta added 25 cents, trading 15,800 units to close at $4.45 and Wisynco Group finished 25 cents down to $10, with 117,281 units trading.
Trading in the US dollar market closed with 109,636 units valued at $134,951 changing hands as JMMB Group 5.75% preference share traded 44,490 units in closing at US$2.05, JMMB Group 6% preference share traded 44,490 units in closing at US$2.05, Margaritaville traded 1,000 shares at 25 US cents,Proven Investments ended trading 28,732 to close at 21 US cents and Sygnus Credit Investments US dollar ordinary share traded 784 units to end at 11 US cents. The JSE USD Equities Index closed unchanged at 164.66.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Ciboney, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Margaritaville, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Junior Market drops points

October 23, 2018 by IC Insider.com

Blue Power ended trading at a new record closing high.

The Junior Market Index slipped 10.99 points on Tuesday to close at 3,309.59, with 23 securities traded, the same as on Monday, as 9 advanced, 10 declined and 4 remained unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading jumped sharply to 8 stocks ending with bids higher than their last selling prices, while 2 closed with lower offers.
The market traded a mere 549,331 units valued at $2,101,338 compared to 1,064,667 units valued at $4,531,797 on Monday.
Trading ended with an average of 23,884 units for an average of $91,363 in contrast to 46,290 units for an average of $197,035 on Monday. The average volume and value for the month to date amounts to 69,570 units valued at $318,595 and 72,158 units valued at $331,468, previously. September, ended with an average of 484,335 at $2,628,299 for each security traded.
At the close of trading, Blue Power concluded trading of 2,764 units as the price rose 54 cents higher to end at record closing high of $7.04, Cargo Handlers settled 26 cents higher at $13.75, in the swapping of 1,406 shares, Caribbean Producers finished trading 29,732 units and the price climbed 9 cents to $6.84, Consolidated Bakeries closed 30 cents higher at $2.30, with 4,612 shares changing hands, Derrimon Trading ended with a loss of 2 cents at $2.80, trading 69,406 shares. Dolphin Cove concluded trading of 5,000 shares at $17, Express Catering ended trading 15,327 shares, with a loss of 20 cents at $8.30, FosRich Group traded just 516 shares with a loss of 10 cents to close at $3.80, General Accident finished trading 3,010 shares with a loss of 25 cents to $3.70. GWest Corporation closed with a loss of 25 cents at an all-time low of $1.55, with 54,823 stock units changing hands, Honey Bun ended 5 cents higher at $4.05, exchanging 5,906 units, Indies Pharma gained 9 cents to end at $2.95 with 220,937 shares changing hands. Jamaican Teas settled 10 cents higher at $4.10, while trading 8,857 shares, Jetcon Corporation ended the trading of 4,872 stock units with a loss of 40 cents at $3.50, Knutsford Express closed at $12, with 3,000 shares changing hands, Lasco Distributors ended with a loss of 6 cents at $3.94, in swapping 56,009 shares, Lasco Financial concluded trading of 12,365 stock units with a loss of 15 cents at $5.30, Lasco Manufacturing finished with a loss of 26 cents at $3.50, in exchanging 2,894 units. Main Event settled 5 cents higher at $6, with 13,581 shares trading, Medical Disposables ended trading at $7.20, with 18,100 shares changing hands, after it traded at $9.50, SSL Venture Capital traded 13,416 shares at $2 and Stationery and Office finished trading 40 cents higher at $9.90, with just 2,533 stock units. In the junior market preference segment, Eppley 8.25% preference shares ended trading of 265 units lost 5 cents to close at $6.06.

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

Filed Under: Company News Tagged With: AMG Packaging, Blue Power, Cargo Handlers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Emerging markets, Express Catering, FosRich, GWest, Jamaica Stock Exchange, Jamaican Stock, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, SSL Venture Capital, Stationery and Office, Trading Activity

4 stocks up 1 down on TTSE on Tuesday

October 23, 2018 by IC Insider.com

Stocks mostly rose in trading on the Trinidad & Tobago Stock Exchange on Tuesday, with trading in 12 securities against 17 on Monday, with 4 advancing, 1 declining and 7 remaining unchanged.
The market ended trading of 54,899 shares at a value of $524,117, compared to 360,703 shares at a value of $3,202,642 changing hands on Monday.
Trading closed, with the Composite Index rising 0.10 points to 1,232.93, the All T&T Index gained 0.59 points to 1,699.99, while the Cross Listed Index shed 0.06 points to close at 103.01.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 4 stocks ending with higher bids than the last selling prices and 3 with lower offers.
Stocks to Watch include, a number of them that are exhibiting bullish tendencies and may be moving higher in the days ahead, the group are, Agostini’s, Ansa McAl, Republic Holdings, Point Lisas and West Indian Tobacco.
Stocks closing with gains| Clico Investments gained 2 cents and settled at $20.20, with 9,496 stock units changing hands, First Citizens closed with an increase of 7 cents to end at $32.75, after exchanging 822 shares, Grace Kennedy rose 3 cents and settled at $2.78, with 750 stock units changing hands and Sagicor Financial closed with a rise of 1 cent at $7.52, with 17,007 stock units changing hands.
Stocks closing with losses| JMMB Group closed with a loss of 1 cent and completed trading at $1.61, after exchanging 14,715 shares.
Stocks trading with no price change| Guardian Holdings concluded trading of 5,000 units at $16.90, Massy Holdings completed trading at $46.92, after exchanging 614 shares, National Flour concluded market activity with 5,306 units being traded at $1.70, Scotiabank ended at $64.75, trading 219 units, Trinidad & Tobago NGL ended at $29.50, after exchanging 169 shares, Trinidad Cement completed trading at $2.65, after exchanging 708 shares and West Indian Tobacco concluded trading of 93 units at $90.
Prices of securities trading for the day are those at which the last trade took place.

Major shake up in Junior Market Top 10

October 23, 2018 by IC Insider.com

The Junior market tumbled 5 percent during the past week and shook up the TOP 10 stock list resulting in Caribbean Cream that fell out of the list last week coming back in along with tTech, Jamaica Teas and Lasco Manufacturing with a fall in price to $3, also returned to the TOP list.
Medical Disposables moved up in price from $6.50 to $7.20 at the end of the week to exit the TOP 10. Honey Bun inched up in price and was eased out and so was Dolphn Cove that moved into the list last week and Lasco Distributors this past week. In the main market Barita Investments hit a new high during the week and moved on to be replaced by JMMB Group that closed the week at $32 after opening at $35.01.
Iron Rock moved back into the TOP 10, last week reported a small profit of $1 million in the third quarter, up from a loss of $14 million in the 29017 third quarter and a loss of $7.6 million for the nine months versus a loss of $60 million in 2017. Caribbean Cream fell at the end of the week to $5 is now showing potential gains of 160 percent and follows Paramount with 173 percent, that reported lower first quarter profits of $7 million compared to $34 million in 2017, from increased revenues but with a foreign exchange loss eating up $18 million of the 2018 income. In the main market Caribbean Cement with potential gains of 120 percent leads the main market stocks in attractiveness, followed by Wisynco with likely gains of 114 percent.
The main market closed the week with the overall PE slipping to 16 from 16.3 from the previous week, the PE of the Junior market moved up to 16.4 from 15.8 at the close of the prior week.
The PE ratio for Junior Market Top 10 stocks average 9.2 and the main market PE is now 9.8.
The TOP 10 stocks now trade at an average discount of 44 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings. The 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 based on new information received that can result in changes in and out of the list as well.