TCL closed at 52 weeks’ high of $5.10 on Thursday.
Trinidad Cement stock closed at $5.10 on the Trinidad market, with 85,800 units changing hands valued at $436,690. The price shot past the Cemex revised offer price of $5.07 by adding 5 cents in trading on Thursday in closing at a 52 weeks’ high. Importantly the stock has a bid of $5.10 to buy 39,475 shares and closed without an offer being posted a sure sign of higher prices ahead.
Activity climbed sharply from the lows levels experienced for 2017 to date as 15 securities traded, compared to 7 on Wednesday. A total of 6 stocks advanced, 1 fell and 8 remained unchanged as 328,077 units changed hands, valued at $2,705,386 compared to a mere 28,747 shares valued at $573,758 on Wednesday.
The Composite Index gained 0.33 points to 1,215.28 points, the All T & T Index rose 0.15 points to 1,837.11 points. The Cross Listed Index gained 0.07 points to 79.35 points. IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 5 with lower offers. Gains| Guardian Holdings advanced 10 cents to $12.90 with an exchange of 35,031 shares valued at $451,900, National Enterprises added 1 cent to close at $10.69 with 2,045 shares changing owners, Sagicor Financial gained 8 cents, closing at a 52 weeks’ high of $8.10 with 3,000 units being traded. Trinidad & Tobago NGL closed at $20.50, up 1 cent with 20,000 shares changing hands valued at $409,878 and West Indian Tobacco, swapped 5,580 units valued at $708,757, closed trading with a rise of 2 cents at $127.02. Losses| Calypso Macro lost 1 cent to close at a 52 weeks low of $21.88 with 1,000 shares being exchanged. Firm Trades| Angostura Holdings closed at $14.70, with 12,025 units changing owners, Clico Investments held firm at $22.60 with 581 shares being exchanged, First Citizens closed trading at $34.97 with 55 units changing hands, National Commercial Bank was unchanged at $3.10 with an exchange of 50,000 shares. National Flour closed at $2.40 with only 10 units being traded, Prestige Holdings ended trading at $11 with 164 shares changing hands, Scotia Investments held firm at $2.10 with trades of 112,000 units and Scotiabank closed at $58.75 with 786 shares changing ownership.
The main market of the Jamaica Stock Exchange, lost some more grounds at the close on Thursday but the junior market hit a new closing high, even as advancing stocks beat out declining ones 3 to 1. At the close the All Jamaica Composite Index , fell 82.08 points to close at 211,198.00 The JSE Market Index lost 1,374.61 points to finish at 193,223.13. Thanks to moderate gains in the junior market, the JSE combined index rose 240.58 points to close of 207,477.14.
The market closed with 43 securities changing hands, 23 stocks gained and 7 declined in the overall market, including 5 stocks rising and 6 falling, in the junior market.
At the close with 6,801,958 units valued at $105,007,240 changed hands, compared to 55,154,094 units valued at just $80,360,424 changing hands on Wednesday. Of the stocks traded, the junior market accounted for 3,135,713 units, changing hands, valued at $16,330,699. The average trade for the day in the main market ended at 2,261,669 shares compared to an average of 1,243,069 units traded on Wednesday. The average for the month to date, is versus 224,468 units on the previous trading day, well below the average of 549,379 units, December ended with. IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 13 stocks with bids higher than their last selling prices and 5 with lower offers.
In market activity, Barita Investments gained 17 cents and ended trading 112,000 shares to close at 52 weeks high of $6.17, after trading at a low of $5.55 for the day. Cable and Wireless ended with 178,465 units at 98 cents, after gaining 8 cents, Caribbean Cement ended with a rise of $1.40 while trading just 6,680 shares to close at $35.40, Carreras lost 75 cents and closed at $66 with, 44,510 shares changing hands, Grace Kennedy had 37,432 units trading, with the price rising 55 cents, to close at $40.65. Jamaica Broilers rose by 70 cents and closed at $15.50 with 6,615 shares changing hands, Jamaica Producers traded 113,500 shares to end at $9.41, Jamaica Stock Exchange rose by 1 cents in trading 84,987 shares, to end at $5.60, JMMB Group traded 5,079,776 units and fell 44 cents to end at $15.01. National Commercial Bank traded 85,928 shares while rising of $1 to close at $52, Pan Jam Investment traded 6,975 shares and rose 8 cents to close at $26.60, Portland JSX traded 16,000 units at $11. Pulse Investments ended at $4 with 21,600 units changing hands, Sagicor Group closed with 25,000 shares changing hands with a loss of 40 cents at $28.10. Scotia Group with 28,023 shares changing hands, rose 51 cents to close at $35.01, Scotia Investments gained 40 cents with 38,160 units trading, to end at $31.50, Seprod traded 9,152 shares to gain 5 cents in closing at $30. Proven Investments traded 86,500 ordinary share to close at 22 US cents and JMMB US 6% preference shares ended at US$1.11, with 65,240 units changing hands.
AMG Packaging ends at a new high of $31 after gaining $2.50.
The junior market closed on Thursday, at yet another record to end with market index gaining 30.02 points to 2,753.18 with 3 securities ending closing all-time highs.
At the close of trading on Thursday the prices of 9 stocks rose, 4 declined with 16 securities trading, compared to 15 trading on Wednesday. Volume of stocks traded fell 76 percent, from Wednesday’s low level, ending with a volume of just 743,693 units, changing hands, valued at $4,230,160, down 74 percent from $16,330,699 on Wednesday.
An average of 46,481 units with an average value of $264,385 traded, compared to 209,048 units with an average value of $1,088,713 on the preceding trading day. The average for the month to date is 78,249 units with an average value of $405,018 versus 82,787 units with an average value of $425,109 on Wednesday. The average for December is 131,147 units, at an average of $672,488. The market closed with 8 stocks with bids higher than their last sale and 2 with lower offers than their last sale.
At the close of trading, Access Financial Services gained 20 cents in trading 4,400 units to end at a record close of $25.20, AMG Packaging jumped $2.50 to close at a 52 weeks’ high of $31 with 3,590 units changing hands, Blue Power closed at $35 with 15,000 units traded, Cargo Handlers hit a new high of $21, after gaining 20 cents with 12,068 shares trading. Caribbean Cream lost 50 cents with 5,000 units being exchanged, to end at $8, Caribbean Flavours while trading 3,700 shares closed at $11.80, Caribbean Producers fell 5 cents in trading 118,000 units at $3.70, Derrimon Trading gained 9 cents to end at $5.50 with 102,997 shares changing hands. General Accident traded 9,000 shares and lost 18 cents to close at $3, Honey Bun had 36,080 shares changing hands, to close at $5.80, after rising 30 cents. Iron Rock Insurance traded 28,053 units and fell by 10 cents to end at $4, Lasco Distributors ended with 37,600 units trading, to close at $7. Lasco Financial rose 28 cents with 47,364 shares changing hands, to end at $3.95, Lasco Manufacturing gained 15 cents to end at $5.15, with 103,347 units trading, Paramount Trading ended with 180,590 shares changing hands at $3.40 to gain 40 cents and tTech ended with 36,904 units changing hands at $5.50 after rising 40 cents.
Cargo Handlers traded 6,618 units at a new high of $21 in early market activity but cracks may now showing in the price movements, with just over 69,000 units on offer at $21 and thin demand under $20.80. The PE of the stock is at a high 35 times 2017 estimated earnings placing it well ahead of the nearest other stock.
Market activity has been moderate so far and resulted in 26 securities traded at 10:45 am, compared to 31 on Wednesday. A total of 11 securities advanced and 7 declined, resulting in a volume of 1,790,982 shares changing hands, carrying a value of $22,912,791, compared of 10,271,602 shares changing hands, with a value of $18,345,463 on Wednesday. The average number of shares traded, amount to 68,884 units versus 331,342 units on Wednesday.
Market activity was helped by Barita Investments traded 112,000 between $5.55 and $6.17 after audited accounts showed a lower profit than was shown when the results were first released. Cable & Wireless trading 178,465 units trading up to 98 cents, Caribbean Producers trading 100,000 at $3.60, JMMB Group trading 1,077,076 shares up to $15
The all Jamaica Composite Index lost 518.88 points to 210,761.20, the Jamaica Stock Exchange Market Index fell 463.97 points 192,832.56 the Jamaica Stock Exchange combined index dipped 291.45 points to 206,945.11 and the junior market index rose 13.50 points to 2,736.66 just ahead of the 2,734.21 high point in early trading on Wednesday.
New high of $20.80 for Cargo Handlers on Wednesday with an eye popping PE of 35 of 2017 earnings.
The junior market closed with a modest rise Wednesday, to yet another record close to end with market index gaining just 7.90 points to 2,723.16 on Wednesday as 5 securities ended closing all-time highs.
At the close of trading on Wednesday the prices of 10 stocks rose, 6 declined with 15 securities trading, compared to 20 trading on Tuesday. Volume of stocks traded rose 186 percent, from Tuesday’s low level, ending with a volume of just 3,135,713 units, changing hands, valued at $16,330,699, up by 163 percent from $6,212,985 on Tuesday.
An average of 209,048 units with an average value of $1,088,713 traded, compared to 54,759 units with an average value of $310,649 on the preceding trading day. The average for the month to date is 82,787 units with an average value of $425,109 versus 61,744 units with an average value of $314,508 on Tuesday. The average for December is 131,147 units, at an average of $672,488. The market closed with 9 stocks with bids higher than their last sale and 1 with a lower offer than their last sales.
At the close of trading, Access Financial Services traded 939 units to close at $25, after trading at an intraday high of $25.30, Cargo Handlers climbed to a new high of $20.80 after gaining 80 cents with 3,882 shares trading, Blue Power rose 50 cents and closed at a 52 weeks’ high of $350 with 12,000 units traded. Caribbean Cream gained 60 cents with 25,000 units being exchanged to end at $8.50, Caribbean Flavours fell 20 cents while trading 4,500 shares to close at $11.80, Caribbean Producers rose 30 cents in trading 60,359 units at $3.75, Derrimon Trading pulled back Tuesdays record close to end with a fall of 89 cents to $5.41 with 307,545 shares changing hands. Dolphin Cove closed at $14.90 with 2,094 shares changing hands, after slipping by 9 cents, General Accident traded 26,150 shares and rose 18 cents to close at a 52 weeks’ high, of $3.18, Honey Bun had 118,520 shares changing hands, to close at $5.50, after losing 45 cents. Jetcon Corporation lost 20 cents, to close at $6.80, with 12,450 shares being exchanged by investors, KLE Group ended with 30,000 units changing hands at $2.20, Lasco Distributors ended with 5,196 units trading, to close at $7. Lasco Manufacturing lost 10 cents to end at $5, with 2,526,478 units trading and Medical Disposables closed unchanged at $4.45 with only 600 shares changing hands.
Mayberry Investments crossed 40,000,000 Cable & Wireless shares and NCB Capital Markets sold 8.8 million units with Victoria Mutual Wealth Management purchasing them for a client, helped the stock to trade up 92 cents. The stock eventually closed at 90 with a 3 cents rise with 51,204,066 units changing hands.
There has been increased interest in the stock with bids growing in numbers after the price collapsed late last year to a low of 65 cents, as the release of the company’s next set of financials draws close.
The gain in Cable & Wireless did not prevent the main market of the Jamaica Stock Exchange, losing more grounds on Wednesday, following Tuesday’s fall, even as advancing stocks beat out declining ones as a big fall in the price of Scotia Group did damage to the indices. Also helping are a $1 decline of NCB and Kingston Wharves dipping more than $1. At the close the All Jamaica Composite Index , dropped 1,537.30 points to close at 211,280.08. The JSE Market Index lost 1,374.61 points to finish at 193,296.53. Thanks to moderate gains in the junior market, the JSE combined index fell 1,193.40 points to close of 207,236.56.
The market closed with 38 securities changing hands as 17 stocks gained and 12 declined in the overall market, including 5 stocks rising and 6 falling, in the junior market. At the close with 55,154,094 units valued at just $80,360,424 changed hands, compared to 7,603,225 units valued at just $132,166,453 changing hands on Tuesday. Of the stocks traded, the junior market accounted for 3,135,713 units, changing hands, valued at $16,330,699. The average trade for the day in the main market ended at 2,261,669 shares compared to an average of 1,243,069 units traded on Tuesday. The average for the month to date, is versus 224,468 units on the previous trading day, well below the average of 549,379 units, December ended with. IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 16 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Berger Paints ended trading 17,080 shares to close at $6, Caribbean Cement ended with a fall of 40 while trading just 15,000 shares to close at $34, Carreras recovered 16 cents and closed at $66.75 with 5,019 shares changing hands, Grace Kennedy had 45,709 units trading, with the price rising 9 cents, to close at $40.10. Jamaica Broilers rose by 20 cents and closed at $14.80 with 56,061 shares changing hands, Jamaica Producers lost 29 cents to end at $9.41 with 5,976 units trading, Jamaica Stock Exchange rose by 2 cents in trading 10,000 shares, to end at $5.59, JMMB Group traded 331,250 units and gained 35 cents to end at $15.45. Kingston Wharves dropped $1.49 in trading 1,325 units to close at $23.50, Mayberry Investments lost 5 cents and ended at $4.75 with 13,796 shares changing hands, National Commercial Bank traded 21,750 shares while falling of $1 to close at $51. Pan Jam Investment traded 1,447 shares and rose 2 cents to close at $26.52, Radio Jamaica climbed 10 cents to close at $1.45 after 118,808 shares changed hands, Sagicor Group closed with 24,466 shares changing hands with a loss of 50 cents at $28.50, Sagicor X Fund ended with 5,988 units trading at $10.50. Scotia Group with 17,900 shares changing hands, dropped $3.50 to close at $34.50, Scotia Investments gained 5 cents with 30,000 units trading, to end at $31.10. Jamaica Money Market Brokers 7.50% preference share gained 15 cents in trading 68,132 units to close at $2.15 and JMMB US 6 percent preference shares rose 1 cent and ended at US$1.11, with 34,760 units changing hands.
Sagicor Financial closed at a 52 weeks’ high on Wednesday on the TTSE.
Trading on the Trinidad & Tobago Stock Exchange mostly lost grounds at the close on Wednesday. Trading levels fell way below previous days with just 7 securities changing hands compared to 13 on Tuesday.
Only 1 stock advanced, 2 declined and 4 held firm with 28,747 units being traded, valued at $573,758 compared to Monday’s 270,371 shares valued at $2,062,449. At the close of trading, the Composite Index dropped 0.14 points to 1,214.95 points, the All T & T Index fell 0.34 points to 1,836.96 points and the Cross Listed Index gained 0.01 point to 79.28 points. IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 7 stocks with bids higher than their last selling prices and 3 with lower offers. Gains| Sagicor Financial added 1 cent to close at a 52 weeks high of $8.02 with 12,555 shares changing hands. Losses| Guardian Holdings closed at $12.80, down 20 cents with 7,000 units changing owners and Republic Financial Holdings lost 1 cent to close at $108.43 with 3,076 shares being exchanged, valued at $333,531. Firm Trades| First Citizens closed trading at $34.97 with 421 units changing hands, JMMB Group held firm at 92 cents with an exchange of 4,973 shares, Massy Holdings, with 472 shares trading, closed at $51.99 and Trinidad & Tobago NGL closed at $20.49 with 250 shares changing ownership.
The junior market of the Jamaica Stock Exchange surged rose on Wednesday morning, as 4 juniors stocks traded at new highs. The main market fell appreciably with the All Jamaica composite index falling by more than 1,000 points, with the other major indices declining as well.
Market activity has been moderate so far and resulted in 31 securities traded at 10:45 am, compared to 33 on Tuesday. A total of 13 securities advanced and 11 declined, resulting in a volume of 10,271,602 shares changing hands, carrying a value of $18,345,463, compared of 1,528,996 shares changing hands, carrying a value of $12,730,951 on Tuesday. The average number of shares traded, amount to 331,342 units versus 46,333 units on Tuesday. Market activity was helped by Access Financial Services traded at a new intraday high of $25.30 but now trades at $25 with 939 units having changed hands, Cargo Handlers trading at a new high of $20.80 with 3,000 units changing hands, Blue Power traded at a new high of $36 with 10,000 units, Lasco Manufacturing traded at a 52 weeks’ high of $5.15 with 26,478 shares and JMMB Group traded at a 52 weeks’ high with 10,600 up to $15.20
Caribbean Cream gained 65 cents to $8.55 but with just 3,000 units, Jetcon Corporation lost 48 cents to $6.52 with 10,000 shares trading, Cable & Wireless had 9,410,195 units trading up to 90 cents and Scotia Group Jamaica fell $3.50 with 17,900 shares to $34.50.
The all Jamaica Composite Index lost 1,299.25 points to 212,380.07, the Jamaica Stock Exchange Market Index fell 1,161.75 points 193,509.39 the Jamaica Stock Exchange combined index dipped 862.39 points to 207,547.57 and the junior market index rose 15.95 points to 2,734.21.
One of Kingston Properties units at Red Hills Rd, Kingston
Kingston Properties (KPREIT) completed the acquisition of a fully tenanted, mixed use building located in the West Bay Beach South area in the capital of the Cayman Islands.
“The building comprises offices, retail outlets and residences along the famous Seven Mile Beach corridor, an area that has seen significant infrastructure improvements, as well as new luxury resort and condo developments over the last three years,” KPREIT disclosed.
“This acquisition represents KPREIT’s first foray into the Cayman Islands, which is a country with a per capita GDP of USD58,856 and one of the leading financial centres of the world, offering a tax free environment with no property, income, corporation or capital gains taxes. GDP growth for the first half of 2016 is put at 3% on an annualized basis with unemployment of 3.9%.
KPREIT in their release to the Jamaica Stock Exchange indicated that “The fundamentals in Cayman are expected to continue to improve based on the growth in the Special Economic Zone near the South Sound, planned expansion of the International Airport, construction of a new cruise ship pier in Georgetown, expansion of the highway in the general West Bay Road area, along with continued resort and condo developments along the Seven Mile Beach corridor”.
“This acquisition is part of our strategy to continue to broaden our geographic reach as well as diversify the mix of property types in our portfolio. In addition, this continues KPREIT’s philosophy of multi-tenant rental properties as a means to mitigate vacancy risk, as well as hard currency rentals as a hedge against devaluation,” the KPREIT release stated.
C&W CEO Gary Sinclair and also chairman of Kingston Properties
For the nine months ended September 2016, KPREIT posted profit after-tax and comprehensive income of $131 million and $180 million, respectively. In the previous year, losses of $51 million and a loss in comprehensive income of $28 million, were incurred respectively, for the same period. The
For the third quarter 2016, group profit amounted to $14.0 million compared with a loss of $4.5 million for the similar period in 2015. Total comprehensive income for the quarter increased from $5.8 million in 2015 to $25.4 million in 2016. Higher rentals, net finance income and foreign currency translation gains in 2016 were primary drivers of the improved performance.
The group’s Investment Properties valued increased 56 percent to $1.93 billion at September last year, but mostly from acquisitions. Kingston Properties which trades on the Jamaica Stock Exchange closed on Tuesday at $9 with 11,779 shares trading.
TCL closed at $5.05 on Tuesday but bid and offer suggest no deal.
Trinidad Cement share price soared on the Trinidad market on Tuesday following an announcement by Sierra Trading that the offer to acquire majority shares is increased to TT$5.07 from TT$4.50. The stock advanced 38 cents to close at a 52 weeks’ high of $5.05 with 6,000 shares changing hands.
The market seems to be sending a message about the offered price with 94,000 units on the bid at $5.05 with the lowest offer at $5.22 with only 1,000 units, suggesting the price could shoot past the offered price of $5.07.
Trading ended with 2 stocks closing at 52 weeks’ high as 13 securities changed hands compared to 14 on Monday. 3 stocks advanced, 4 declined and 6 were unchanged with 270,371 units valued at $2,062,449 compared to Monday’s 225,197 shares valued at $4,965,442.
Market activity resulted in the Composite Index advanced 2.21 points to 1,215.09, the All T & T Index rose 3.77 points to 1,837.30. The Cross Listed Index gained 0.08 points to 79.27. IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 4 with lower offers. Gains| Republic Financial Holdings closed at $108.44, a 1 cent gain with 1,030 units trading, Sagicor Financial added 10 cents to close at a 52 weeks’ high of $8.01 with an exchange of 1,288 shares in addition to the gains in Trinidad Cement. Losses| First Citizens Bank closed at $34.97, for a loss of 1 cent with 509 shares changing owners, Massy Holdings was down 1 cent, closing trading at $51.99 with 472units traded. Scotiabank lost 2 cents to $58.75 with 2,519 shares changing ownership and Trinidad & Tobago NGL closed at $20.49, falling 1 cent with 108 units trading. Firm Trades| Clico Investments closed trading at $22.60 with 44,075 units changing hands, valued at $996,049, Grace Kennedy traded 518 shares and closed at $2.67, Guardian Holdings exchanged 8,873 units, closing at $13. JMMB Group was unchanged at 92 cents with an exchange of 18,072 shares, National Commercial Bank, with 173,407 shares traded, valued at $537,562, closed at $3.10 and Point Lisas closed at $3.75 with 13,500 shares changing ownership.
Firm Trades| Angostura Holdings closed at $14.70, with 12,025 units changing owners, Clico Investments held firm at $22.60 with 581 shares being exchanged, First Citizens closed trading at $34.97 with 55 units changing hands, National Commercial Bank was unchanged at $3.10 with an exchange of 50,000 shares. National Flour closed at $2.40 with only 10 units being traded, Prestige Holdings ended trading at $11 with 164 shares changing hands, Scotia Investments held firm at $2.10 with trades of 112,000 units and Scotiabank closed at $58.75 with 786 shares changing ownership.
The main market of the Jamaica Stock Exchange, lost some more grounds at the close on Thursday but the junior market hit a new closing high, even as advancing stocks beat out declining ones 3 to 1.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 13 stocks with bids higher than their last selling prices and 5 with lower offers.
National Commercial Bank traded 85,928 shares while rising of $1 to close at $52, Pan Jam Investment traded 6,975 shares and rose 8 cents to close at $26.60, Portland JSX traded 16,000 units at $11. Pulse Investments ended at $4 with 21,600 units changing hands, Sagicor Group closed with 25,000 shares changing hands with a loss of 40 cents at $28.10. Scotia Group with 28,023 shares changing hands, rose 51 cents to close at $35.01, Scotia Investments gained 40 cents with 38,160 units trading, to end at $31.50, Seprod traded 9,152 shares to gain 5 cents in closing at $30. Proven Investments traded 86,500 ordinary share to close at 22 US cents and JMMB US 6% preference shares ended at US$1.11, with 65,240 units changing hands.
The market closed with 8 stocks with bids higher than their last sale and 2 with lower offers than their last sale.
General Accident traded 9,000 shares and lost 18 cents to close at $3, Honey Bun had 36,080 shares changing hands, to close at $5.80, after rising 30 cents. Iron Rock Insurance traded 28,053 units and fell by 10 cents to end at $4, Lasco Distributors ended with 37,600 units trading, to close at $7. Lasco Financial rose 28 cents with 47,364 shares changing hands, to end at $3.95, Lasco Manufacturing gained 15 cents to end at $5.15, with 103,347 units trading, Paramount Trading ended with 180,590 shares changing hands at $3.40 to gain 40 cents and tTech ended with 36,904 units changing hands at $5.50 after rising 40 cents.
A total of 11 securities advanced and 7 declined, resulting in a volume of 1,790,982 shares changing hands, carrying a value of $22,912,791, compared of 10,271,602 shares changing hands, with a value of $18,345,463 on Wednesday. The average number of shares traded, amount to 68,884 units versus 331,342 units on Wednesday.
The market closed with 9 stocks with bids higher than their last sale and 1 with a lower offer than their last sales.
General Accident traded 26,150 shares and rose 18 cents to close at a 52 weeks’ high, of $3.18, Honey Bun had 118,520 shares changing hands, to close at $5.50, after losing 45 cents. Jetcon Corporation lost 20 cents, to close at $6.80, with 12,450 shares being exchanged by investors, KLE Group ended with 30,000 units changing hands at $2.20, Lasco Distributors ended with 5,196 units trading, to close at $7. Lasco Manufacturing lost 10 cents to end at $5, with 2,526,478 units trading and Medical Disposables closed unchanged at $4.45 with only 600 shares changing hands.
At the close with 55,154,094 units valued at just $80,360,424 changed hands, compared to 7,603,225 units valued at just $132,166,453 changing hands on Tuesday. Of the stocks traded, the junior market accounted for 3,135,713 units, changing hands, valued at $16,330,699.
Mayberry Investments lost 5 cents and ended at $4.75 with 13,796 shares changing hands, National Commercial Bank traded 21,750 shares while falling of $1 to close at $51. Pan Jam Investment traded 1,447 shares and rose 2 cents to close at $26.52, Radio Jamaica climbed 10 cents to close at $1.45 after 118,808 shares changed hands, Sagicor Group closed with 24,466 shares changing hands with a loss of 50 cents at $28.50, Sagicor X Fund ended with 5,988 units trading at $10.50. Scotia Group with 17,900 shares changing hands, dropped $3.50 to close at $34.50, Scotia Investments gained 5 cents with 30,000 units trading, to end at $31.10. Jamaica Money Market Brokers 7.50% preference share gained 15 cents in trading 68,132 units to close at $2.15 and JMMB US 6 percent preference shares rose 1 cent and ended at US$1.11, with 34,760 units changing hands.
Losses| Guardian Holdings closed at $12.80, down 20 cents with 7,000 units changing owners and Republic Financial Holdings lost 1 cent to close at $108.43 with 3,076 shares being exchanged, valued at $333,531.
Market activity was helped by Access Financial Services traded at a new intraday high of $25.30 but now trades at $25 with 939 units having changed hands, Cargo Handlers trading at a new high of $20.80 with 3,000 units changing hands, Blue Power traded at a new high of $36 with 10,000 units, Lasco Manufacturing traded at a 52 weeks’ high of $5.15 with 26,478 shares and JMMB Group traded at a 52 weeks’ high with 10,600 up to $15.20
Losses| First Citizens Bank closed at $34.97, for a loss of 1 cent with 509 shares changing owners, Massy Holdings was down 1 cent, closing trading at $51.99 with 472units traded. Scotiabank lost 2 cents to $58.75 with 2,519 shares changing ownership and Trinidad & Tobago NGL closed at $20.49, falling 1 cent with 108 units trading.
