The pull back from the record reached on Friday by Jamaica Stock Exchange ended with a modest rise in the market index on Thursday as the price of 8 stocks rose, 9 declined and 11 traded firm.
At the close, the JSE All Jamaican Composite Index rose modestly and ended with an increased by 24.50 points at 328,387.59 and the JSE Index advanced by 22.32 points to 299,198.19.
Caribbean Cement shed $1.80 to close at $35.50, Grace Kennedy rose $1 to $49 and PanJam Investments traded at a new high of $46 with a rise of $1.
At the end of market activities, 28 securities traded, compared to 29 on Wednesday, in the main and US dollar markets and resulted in 5,201,225 units valued at $121,866,039 compared to 4,614,305 units valued at $109,133,839 changing hands in the main market, on Wednesday.
JMMB Group trade 2,027,120 units and accounted for 38.97 percent of trading volume, followed by Wisynco Group with 1,193,538 units and 22.95 percent of the volume and Caribbean Cement with 979,272 units and 18.83 percent of the day’s volume.
Trading resulted in an average of 200,047 units valued at an average of $4,687,155 for each security traded. In contrast to 170,900 units for an average of $4,041,993 on Wednesday. The average for the month to date is 367,467 shares with a value of $20,307,869 and previously 389,231 shares with a value of $49,857,592. In contrast, April closed with an average of 708,206 shares with a value of $6,395,518 for each security traded.
In the US dollar market, Proven Investments traded with 206.397 shares and fell 3 cents to 20 US cents and the market index dropped 8.89 ended at unchanged at 165.29. JMMB Group 5.75% US preference share traded 14,000 units at US$1.01, up by a cent.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 1 closing with a lower offer.
For more details of market activities see – .
Stocks mixed on TTSE – Thursday
Trading on the Trinidad & Tobago Stock Exchange ended on Wednesday with trading in 16 securities against 10 on Wednesday, with 5 advancing, 3 declining and 8 remaining unchanged.
The market ended with 83,130 shares at a value of $1,588,413 compared to 65,391 shares at a value of $850,279 on Wednesday.
At close of the market the, Composite Index fell 4.86 points on Thursday to 1,241.73, the All T&T Index rose 0.73 points to 1,716.97, while the Cross Listed Index fell 1.45 points to close at 103.12.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 3 stocks ending with higher bids than the last selling prices and 5 with lower offers, an indication of the continuation of a weak market currently.
Gains| Clico Investments concluded trading after rising 3 cents and settled at $20.20, with 15,277 units, Massy Holdings added 2 cents and completed trading at $47.27, with 1,200 stock units changing hands, National Flour increased 10 cents to $1.80, after exchanging 2,660 shares, Trinidad & Tobago NGL rose 30 cents and settled at a 52 weeks’ high of $29.05, with 22,027 units changing hands and Unilever Caribbean closed with a gain of 95 cents and ended at $34.95, after exchanging 15 shares.
Losses| Guardian Holdings ended trading 5 cents lower at $15.25, after exchanging 10 shares, NCB Financial Group concluded trading with a loss of 25 cents and ended at $5.50, after exchanging 20,361 shares and Prestige Holdings traded with a loss of 15 cents and ended at $10.15, after 1,525 shares changed hands.
Firm Traded| Angostura Holdings completed trading at $15.75, with 210 stock units changing hands, First Caribbean International Bank concluded trading at $8.90, after exchanging 56 shares, First Citizens ended at $35, after exchanging 1,235 shares, Grace Kennedy settled at $3.15, with 6,608 units, JMMB Group completed trading at $1.80, with 2,200 stock units changing hands, Republic Financial Holdings ended trading at $101.68, with 2,688 stock units, Sagicor Financial settled at $7.75, with 6,058 units and Scotiabank concluded market activity at $63.24, after exchanging 1,000 shares.
Prices of securities trading for the day are those at which the last trade took place.
Q3 profit dipped at CPJ
Profit attributable to Caribbean Producers’ shareholders, suffered a decline after tax in the March quarter, to end at U$847,119 from $929,172 in 2017 even with much lower taxes booked in the 2018 quarter.
Profit rose nearly 5.5 percent for the quarter over the 2017 period and 13 percent for the nine months to March, to US$81.65 million from US$72.3 million in 2017.
The results led to earnings per share of 0.08 US cents for the quarter and 0.21 US cents for the six months period.
Gross profit rose faster than revenues, with an increase of 6.5 percent for the quarter to US$7.9 million but it grew below the growth in revenues for the nine months period with an increase of 10.5 percent to $22.3 million.
While depreciation and finance costs declined for the quarter and for the year to date, selling and administrative costs rose from $5.1 million to US$5.88 million and for the nine months from US$14.5 million to US$16.3 million.
At the end of March, shareholders’ equity stood at $23.7 million and borrowed funds were close behind at US$22.44 million. Current assets stood at US$47.9 million versus current liabilities of $21.5 million which includes borrowings of US$10 million. Net asset value per share stands at 2.3 US cents.
The stock last traded at J$5.40 on the Junior Market of the Jamaica Stock Exchange at the close on Wednesday.
Junior Market set for a bounce on Thursday
The Junior Market Index rose just 4.89 points to close at 2,933.14, trading just 19 securities but the closing bids and offers suggest that the market could enjoy a bigger bounce on Thursday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than their last selling prices and 2 with lower offers.
Trading ended on Wednesday, with the prices of 5 securities gaining, 4 declining while 10 remained unchanged.
At the close of market activities, 1,096,815 units valued at $3,914,766 changed hands in contrast to Tuesday, when 27 securities and 1,399,513 units valued at $6,305,138 were traded.
Market activity ended with an average of 57,727 units for an average of $206,040 in contrast to 51,834 units for an average of $233,524 on Tuesday. The average volume and value for the month to date amounts to 90,161 units with an average value of $338,109 and previously 94,470 units with an average value of $355,656. April closed with an average of 121,622 units at $506,803, for each security traded.
At the close of the market, AMG Packaging ended at $2, trading 9,500 stock units, Blue Power concluded trading at $30, with 900 units, CAC 2000 finished at $8.01, with 200 shares, Cargo Handlers settled at $9.85, with 861 shares changing hands, Caribbean Cream ended trading 5 cents higher at $4.70, with 29,800 shares. Derrimon Trading lost of 70 cents to end at $9.45, with 10,547 shares, Elite Diagnostic settled at $3.25, with 35,042 units, Express Catering traded 69,261 shares and closed at $5.65, FosRich Group finished trading with a loss of 5 cents at $2.30, with 197,230 shares. GWest Corporation ended at $2.30, with 30,671 units, ISP Finance settled at $18, with 1,400 shares, Jamaican Teas ended trading with a loss of 50 cents at $4.50, as 4,112 stock units changed hands, Jetcon Corporation closed at $4, with 9,814 units. Key Insurance finished trading with a loss of 50 cents at $3.40, exchanging 286,042 shares, KLE Group closed 25 cents higher at $2.50, with 201,200 shares, Lasco Distributors concluded trading at $4.311 after declining 1 cent, with 140,266 stock units, Lasco Financial finished with a loss of 2 cents at $5.50, trading 38,789 units and Lasco Manufacturing settled 5 cents higher at $4, with 1,180 shares. In the junior market preference segment, Eppley 8.75% settled at $6, with 30,000 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.
4 stocks rose 3 fell on TTSE – Wednesday
Trading on the Trinidad & Tobago Stock Exchange ended on Wednesday with trading in 10 securities against 12 on Tuesday, with 4 advancing, 3 declining and 3 remaining unchanged.
The market ended with 65,391 shares at a value of $850,279, compared to 142,483 shares with a value of $2,071,522, on Tuesday.
At close of the market the, Composite Index increased 0.18 points on Tuesday to 1,246.59, the All T&T Index shed 0.46 points to 1,716.24, while the Cross Listed Index rose 0.11 points to close at 104.57.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 3 stocks ending with higher bids than the last selling prices and 7 with lower offers, an indication of the continuation of a weak market currently.
Gains| Angostura Holdings rose 3 cents and ended at $15.75, with 127 stock units changing hands, Grace Kennedy rose 5 cents and completed trading at $3.15, with 12,507 units, Republic Financial Holdings gained 3 cents and ended at $101.68, with 242 stock units changing hands, Scotiabank finished trading with a gain of 1 cent at $63.24, after exchanging 1,661 shares.
Losses| Clico Investments shares fell 3 cents and completed trading at $20.17, with 12,182 units, National Flour closed with a loss of 15 cents and settled at $1.70, after exchanging 16,081 shares and Trinidad & Tobago NGL shed 25 cents and completed trading at $28.75, with 9,987 units changing hands.
Firm Traded| Sagicor Financial completed trading at $7.75, with 12,054 units, Unilever Caribbean ended at $34, after exchanging 450 shares and West Indian Tobacco closed at $88.51, with 100 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.
7 stocks rose on TTSE – Tuesday
Trading on the Trinidad & Tobago Stock Exchange ended on Tuesday with trading in 12 securities against 11 on Monday, with 7 advancing, 1 declining and 4 remaining unchanged.
The market ended with the total volume traded being 142,483 shares with a value of $2,071,522, compared to 199,710 shares with a value of $3,368,323.
At close of the market the, Composite Index At close of the market the Composite Index increased 3.44 points on Tuesday to 1,246.41, the All T&T Index gained 5.25 points to 1,716.70, while the Cross Listed Index rose 0.21 points to close at 104.46.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 3 stocks ending with higher bids than the last selling prices and 8 with lower offers, an indication of the continuation of a weak market currently.
Gains| Clico Investments closed with a gain of 3 cents and completed trading at $20.20, with 30,000 units, First Citizens gained 62 cents and concluded at a 52 weeks’ high of $35, after exchanging 3,546 shares, LJ Williams B Share finished trading with a gain of 1 cent and concluded at $0.72, after exchanging 10,000 shares, National Flour closed with an increase of 10 cents and settled at $1.85, with 46,392 shares changing hands, Trinidad Cement ended trading with a rise of 33 cents and settled at $2.99, exchanging 2,308 shares, Unilever Caribbean finished 50 cents higher and concluded trading at $34, with 2,050 shares and West Indian Tobacco gained 1 cent and ended at $88.51, with 404 stock units changing hands.
Losses| Trinidad & Tobago NGL ended trading 1 cent lower to close at $29, in exchanging 36,108 shares.
Firm Traded| Grace Kennedy completed trading at $3.10, with 9,587 units, JMMB Group ended at $1.80, with 1,000 stock units changing hands, Massy Holdings ended at $47.25, with 588 stock units changing hands and Scotiabank settled at $63.23, after exchanging 500 shares.
Prices of securities trading for the day are those at which the last trade took place.