The Junior Market of the Jamaica Stock Exchange closed with increased volume and value over Thursday’s levels, but the market index lost 21.28 points to 2,954.74.
Trading resulted in an exchange of 1,647,966 units valued $7,220,502 compared to 971,622 units valued at $3,078,345 on Thursday. Investors exchanged 26 on Tuesday compared to 24 Thursday with prices of 14 rising 9 falling while 3 remaining unchanged. 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 6 with lower offers.
Trading ended with an average of 63,383 units for an average of $277,712 in contrast to 40,484 units for an average of $128,264 on Thursday. The average volume and value for the month to date amounts to units 94,076 valued $336,678 and previously 134,650 valued $341,097 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
At the close of the market, Access Financial traded 200 units but lost 50 cents in closing at $45, AMG Packaging exchanged 57,778 stock units at $2.12, Cargo Handlers concluded trading with 15,000 units after rising 1 cent to close at $10.96, Caribbean Cream closed at $5.28, with 1,446 shares changing hands. Caribbean Flavours rose 50 cents to close at $16.50 with just 100 shares traded, Caribbean Producers finished trading 96,499 units with a gain of 23 cents to end at $4.85. Derrimon Trading ended with a rise of 20 cents at $2.71, with an exchange of 13,179 shares. Elite Diagnostic gained 7 cents to settle at $2.97, with 31,273 units changing hands, Express Catering lost 11 cents trading 2,600 shares to close at $7.11, Fontana finished trading 20,980 shares with a gain of 8 cents at $3.88. General Accident closed 29 cents down at $4, with an exchange of 32,418 stock units, GWest Corporation ended 2 cents higher at $1.33, with 19,828 units changing hands, Honey Bun traded 109,250 shares with a loss of 8 cents in closing at $3.75, iCreate added 9 cents in closing at 90 cents, with an exchange of 9,650 shares. Indies Pharma ended trading of 316,882 shares, with a rise of 9 cents at $3.10, Iron Rock settled 50 cents higher at $4, with 160,500 shares changing hands. After a long period of inactivity, ISP Finance finally traded but fell $3 to close at $12.50 with exchange of a mere 100, Jamaican Teas traded with a loss of 35 cents at $3.55, with the swapping of 17,771 units. Jetcon Corporation gained 5 cents at $2.35, with 5,464 shares passing through the exchange, Knutsford Express concluded trading of 9,300 stock units at $11.90, Lasco Distributors dropped 10 cents and finished at $3.60, with an exchange of 19,550 units, Lasco Financial lost 1 cent and settled at $4.15, trading 10,781 shares. Lasco Manufacturing ended trading 79,700 shares, with an increase of 12 cents at $3.25, Main Event traded 5 cents higher at $5.05, with an exchange of 821 shares, Stationery and Office concluded trading with 481,767 shares at $6.75 and tTech closed 30 cents higher at $5.30, with an exchange of 8,361 stock units.
Prices of securities trading for the day are those at which the last trade took place.
The PNP must abandon socialism or suffer a slow near death experience. Those persons within the party who are product of the heady days of the 1970 period will probably rubbish this view, but facts are pointing clearly in that direction.
An analysis of voting pattern since the 1980s is very clear new voters are embracing the JLP in larger numbers than the PNP, the change started after the huge swing to the PNP in the 1970 with the enhanced focus on democratic socialism. Young persons out of school especially UWI, were mesmerized by Michael Manley’s oratory and charisma and overwhelmingly gave the PNP their full support. Back then, the PNPYO, the Social Development Commission and the National Youth Service programs were three of the top entities pushing the social agenda to young people.
Left with empty shelves and mass migration of the middle class, the children of the 70s and 80s have not embraced the PNP the way their parents did. Increasingly, the post 1960 children look to North America as the standard fueled by the advent of the ubiquitous Cable Television and computers beaming capitalistic policies daily.
Dr. Peter Phillips – President of the PNP
Today’s young adults many who are schooled in North America or spent several holidays there have no real love for Socialism and that is showing up in the voting pattern. In the 1970s the local stock market is estimated to have had around 10,000 investors owning stocks directly, today that number have climbed to well over 120,000 around 15 percent of the persons who voted in 2016, with younger persons flocking to the market like never before and this growth trend will continue. That is another example of the switch in the political landscape. Those are reasons why the voting pattern is showing the Labour Party increasing their vote tally sharply over the PNP. That trend shows up in the Eastern Portland election now and in the past. Although there were 2,000 new voters on the list than in 2016, the PNP only received around 25 percent to the JLP’s 75 percent.
Except for a few seats, the PNP is fast becoming a minority party. Up to the 1970s the party, dominated St James and St Ann areas that the JLP could only win 1 seat in each, now they hold a minority and where they win its marginal, except for Lisa Hanna’s seat. The picture is the same in St Mary, with the PNP having only one seat in that parish where they used to have two solid seats. They used to dominate the corporate area, but now primarily holds just the seats bordering on the waterfront, with the exception of two.
If the party does not radically change its policies, it will take a long time for them to swing the majority of young persons to support them in the long-term, by then a lot of their current support will pass on, thus reducing them to a minority party country wide. Christopher Burns writing in Jamaica Observer after the 2016 elections set out a detailed assessment of the trends of voting between 1993 and 2016. The details are one that we of IC Insider wrote about some time ago and reported in Investors Choice.
Burns stated “a review of the voting pattern between 1993 and 2016 reveals a few interesting findings as far as votes for the PNP are concerned, vis-Ã -vis votes for the JLP. In the 1993 General Election, of the 678,572 votes cast, the PNP received 401,476 (59.2 percent) to the JLP’s 263,472 (38.83 percent).’ The PNP received 138,274 or 20.38 percent more votes than the JLP.”
“Over the six general elections (1993 – 2016) the PNP, in 2016, netted only 31,989 more votes than it did in 1993, while the JLP netted 173,500 more than it did in 1993.” “The PNP received high vote counts between 1993 and 2007, but “its highest vote performance in 2011, produced roughly 62,318 or 15.51 percent more votes than it did in 1993. However, even though the JLP lost the 2011 General Election, its 2011 vote performance produced 142,448 (54.07 percent) more votes than in 1993.”
“In the 2016 elections, the JLP received 436,972 votes, while the PNP secured 433,735, from the 2016 voters list of eligible voters that grew by 176,376 or 10.70 percent over 2011, the PNP received 30,329 (6.54 percent) fewer votes than it got in 2011. The JLP increased its 2016 votes by 31,052 (7.65 percent) over 2011.”
There are a number of developments that suggest that the Labour Party support has grown since 2016, while that of the PNP has not. The Eastern Portland seat by-election represented a 4.5 percent swing from the 2011 election results. The 2011 election is a better base to use than the 2016 results that went against the general swing of that election. Public opinion polls suggest that the current swing nationally, is much greater than 4.5 percent. The performance of the stock market, business and consumer confidence levels that are all at record highs, point to a margin that is in excess of what the swing is in East Portland based on the 2011 results.
The PNP needs to change strategies and many of its policies. It needs to be articulating a cohesive set of policies that can appeal to the younger generation and there are a series of issues that they can focus on that can set them apart from the JLP government.
Sagicor Group jumped $5.50 to help push the All Jamaican Composite Index a healthy 6,934.04 points to close at 427,060.76 on Thursday while the JSE Index jumped a sizable 6,301.17 points to 389,076.82.
Market activity picked up on the main market of the Jamaica Stock Exchange with 3,564,657 units valued $53,154,918 traded compared to 3,197,837 units valued $101,850,841 on Wednesday.
At the close, the main and US markets had 28 securities traded, compared to 29 on Wednesday leading to 10 advancing, 11 declining and 7 closing unchanged. Sagicor Real Estate Fund led trading with 999,193 shares, accounting for 28 percent of total main market volume, followed by 1834 Investments with 623,879 units and 17.5 percent of the day’s trades and Radio Jamaica with 570,068 units for 16 percent of volume traded.
Market activity ended with an average of 132,024 units valued at an average of $1,968,701 for each security traded. In contrast to 114,208 units for an average of $3,637,530 on Wednesday. The average volume and value for the month to date amounts to 142,319 shares at $2,375,277 for each security, compared to 142,996 shares at $2,404,318 previously. 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 11 stocks ending with bids higher than their last selling prices and just 2 closing with lower offers.
In main market activity, Barita Investments gained 50 cents to close at $40, with an exchange of 239,307 shares, Caribbean Cement dropped $2.05 to $65 with 9,246 shares changing hands, Jamaica Broilers lost $2 to close at $31, with an exchange of 191,617 shares. Jamaica Producers fell 74 cents to close at $21.26, after trading 14,597 stock units, Kingston Wharves shed 50 cents to settle at $68, with 1,968 units changing hands. NCB Financial Group recovered the $1.20 lost on Wednesday in trading 64,859 shares, to close at $145, PanJam Investment jumped $3.69 to close at $81.70 after trading 17,858 units, Sagicor Group jumped $5.50 to $45 in an exchange of 77,600 shares. Sagicor Real Estate Fund jumped $1.60 to $10.60, in trading 999,193 shares, Scotia Group fell 30 cents and finished trading 7,881 shares at $50.20, Seprod closed at $42.20 with a loss of 30 cents while trading 48,132 shares. Stanley Motta lost 34 cents and ended at $4.66, in trading 638 shares and Supreme Ventures lost 50 cents in finishing at $26.50, with 43,452 units changing hands.
Trading in the US dollar market ended with just one security trading. Sygnus Credit Investments rose 1 cent and ended trading of 6,682 units at 10 US cents leaving the JSE USD Equities Index rose 0.87 points to close at 179.26.
The Junior Market of the Jamaica Stock Exchange closed with volume dropping 67 percent and value down 69 percent from Wednesday’s levels, but the market index rose 22.78 points to 2,976.02.
Trading resulted in an exchange of 971,622 units valued at $3,078,345 compared to 2,931,075 units valued at $10,007,520 on Wednesday. Investors exchanged 24 pushed securities similar to Wednesday with prices of 8 rising 10 falling while 6 remaining unchanged. IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Trading ended with an average of 40,484 units for an average of $128,264 in contrast to 122,128 units for an average of $416,980 on Wednesday. The average volume and value for the month to date amounts to units 134,650 valued $341,097 and previously 100,529 valued $356,911 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
At the close of the market, AMG Packaging exchanged 280,000 stock units and ended at $2.12, Blue Power concluded trading with 4,320 units and lost 10 cents in closing at $4.40, CAC 2000 jumped $3 to close at $12, with 1,000 shares changing hands, Caribbean Producers finished trading 40,259 units, and rose 2 cents to end at $4.62. Derrimon Trading ended with a loss of 24 cents at $2.51, with an exchange of 41,946 shares. Dolphin Cove concluded trading 6,614 shares and rose 50 cents higher to $13, Elite Diagnostic settled at $2.90, with 10,500 units changing hands, Express Catering ended trading of 8,466 shares to close at $7.22, Fontana finished trading 39,497 shares with a loss of 20 cents at $3.80. General Accident closed 29 cents higher at $4.29, with an exchange of 5,400 stock units, GWest Corporation ended 2 cents higher at $1.33, with 19,828 units changing hands, Honey Bun traded 100 shares with a loss of 22 cents at $3.83, iCreate lost 4 cents in closing at 81 cents, with an exchange of 230 shares. Indies Pharma ended trading of 12,638 shares, with a loss of 4 cents at $3.01, Iron Rock settled 5 cents higher at $3.50, with 1,000 shares changing hands, Jamaican Teas traded with a loss of 20 cents at $3.90, with the swapping of 6,800 units. Jetcon Corporation finished trading with a loss of 5 cents at $2.30, with 2,427 shares passing through the exchange, Knutsford Express concluded trading of 1,543 stock units with a loss of 10 cents at $11.90, Lasco Distributors finished at $3.70, with an exchange of 216,373 units, Lasco Financial settled at $4.16, trading 21,660 shares. Lasco Manufacturing ended trading 185,100 shares, with a loss of 8 cents at $3.13, Main Event traded 5 cents higher at $5, with an exchange of 11,421 shares, Paramount Trading closed 1 cent higher at $2.50, with 49,500 units trading and Stationery and Office concluded trading at $6.75, with 5,000 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.
Market activity picked up on the main market of the Jamaica Stock Exchange on Wednesday with 3,197,837 units valued $101,850,841 traded compared to 1,271,826 units valued $41,461,461 on Tuesday.
At the close of the market, the JSE All Jamaican Composite Index increased by 272.70 points to 420,126.72 and the JSE Index advanced 247.81 points to close at 382,775.65. The main and US markets had 29 securities traded, compared to 33 on Tuesday leading to 12 advancing, 9 declining and 8 closing unchanged. Grace Kennedy led trading with 1,129,961 shares, accounting for 35 percent of total main market volume, followed by Wisynco Group with 670,925 units and 21 percent of the day’s trades and Radio Jamaica with 421,639 units for 13 percent of volume traded.
Market activity ended with an average of 114,208 units valued at an average of $3,637,530 for each security traded, in contrast to 43,856 units for an average of $1,429,706 on Tuesday. The average volume and value for the month to date amounts to 142,996 shares at $2,404,318 for each security, compared to 145,107 shares at $2,305,661 previously. 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 11 stocks ending with bids higher than their last selling prices and just 4 closing with lower offers.
In main market activity, Barita Investments rose $1.90 to close at $39.50, with an exchange of 74,708 shares, Caribbean Cement climbed $1.55 to $67.05, with a mere 10,981 shares changing hands, Grace Kennedy traded 1,129,961 stock units after falling 37 cents to end at $59.63, Jamaica Broilers climbed $1.80 to close at $33, with an exchange of 53,160 shares. Jamaica Producers fell 25 cents to close at $22, after trading 69,348 stock units, Kingston Wharves gained 50 cents to settle at $68.50, with 650 units changing hands. Mayberry Investments declined $1 trading 69,600 shares, to close at $7.50, Mayberry Jamaican Equities fell 50 cents trading 138,162 shares at $9.50. NCB Financial Group dropped $1.20 in trading with 14,174 shares, to close at $143.80, PanJam Investment lost 99 cents after ending at $78.01 and trading 41,290 units, Sagicor Group rose 45 cents to $39.50 in an exchange of 10,772 shares. Scotia Group rose 30 cents and finished trading 28,076 shares at $50.50, Seprod closed at $42.50 with a gain of 50 cents while trading 11,100 shares, Supreme Ventures gained $2 in finishing at $27, with 278,135 units changing hands and Wisynco Group gained 35 cents trading 670,925 units, to close at $11.70.
Trading in the US dollar market ended with just one security trading. Proven Investments ended trading with 5,000 units at 23 US cents leaving the JSE USD Equities Index unchanged at the close at 178.39.
The Junior Market of the Jamaica Stock Exchange closed with volume rising 85 percent and value increasing 104 percent over Tuesday’s levels, but the market index lost 13.59 points to 2,953.24, down 9 percent for 2019 so far.
Trading resulted in an exchange of 2,931,075 units valued at $10,007,520 compared to 1,586,013 units at $4,904,015 on Tuesday. Investors exchanged 24 pushed securities down from 21 on Monday with prices of 8 rising 11 falling while 5 remained unchanged. IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Trading ended with an average of 122,128 units for an average of $416,980 in contrast to 75,524 units for an average of $233,524 on Tuesday. The average volume and value for the month to date amounts to units 100,529 valued $356,911 and previously 98,795 valued $352,089 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
At the close of the market, AMG Packaging ended with a loss of 11 cents at $2.12, with 2,713 stock units changing hands, Caribbean Cream ended trading 11,800 shares with a loss of 21 cents at $5.28, Caribbean Producers finished with a loss of 2 cents at $4.60, trading 28,000 units. Consolidated Bakeries closed with a loss of 15 cents at $1.80, with the trading of 14,500 shares, Derrimon Trading ended at $2.75, with 122,000 shares crossing the exchange, Elite Diagnostic settled with a loss of 7 cents at $2.90, with an exchange of 14,865 units, Express Catering ended trading of 6,900 shares and rose 16 cents to close at $7.22. FosRich Group closed 35 cents higher at $4.50, with 118,730 shares trading, Fontana finished trading 298,868 shares and rose 20 cents to $4. GWest Corporation ended with 174 units crossing the exchange with a loss of 2 cents at $1.31, Honey Bun concluded trading 35 cents higher at $4.05, with 105,198 shares, iCreate closed at 85 cents, with an exchange of 111,400 shares, Indies Pharma closed at $3.05, with 340,930 shares changing hands. Iron Rock settled with a loss of 5 cents at $3.45, with 1,500,000 shares. Jamaican Teas traded 55 cents higher at $4.10, with 8,500 units, Jetcon Corporation finished trading at $2.35, with 11,206 shares, Knutsford Express concluded trading with a loss of 30 cents at $12, with 7,025 stock units, Lasco Distributors finished with a loss of 5 cents at $3.70, with 22,724 units changing hands. Lasco Financial settled with an exchange of 3,295 shares and lost 24 cents at $4.16, Lasco Manufacturing ended trading 101,962 shares and closed 1 cent higher at $3.21, Paramount Trading closed 34 cents higher at $2.49, with 25,000 units changing hands. SSL Venture Capital ended 5 cents higher at $1.60, with an exchange of 5,100 shares and tTech settled with a loss of 30 cents at $5, with 64,585 stock units changing hands. In the junior market preference segment,CAC 2000 9% closed at $1.15, trading 5,600 shares.
Prices of securities trading for the day are those at which the last trade took place.
Investors focus on the Wigton Windfarm initial public share offer that opens this Wednesday, continue to cast a shadow over the rest of the market, leading to reduced trading with just 1,271,826 units valued at over $41,461,461 exchanged on Tuesday compared to 1,439,179 units valued at just $37,607,638 on Monday.
Reports are that more than 4,500 applications were in the system before close of trading on Tuesday for what is turning out to be well sort after shares in the first renewable shares offer to come to the market.
Trading on the main market of the Jamaica Stock Exchange ended Tuesday with the JSE All Jamaican Composite Index climbing 2,743.03 points to 419,854.02 and the JSE Index advancing by 2,492.67 points to 382,527.84.
At the close of the main and US markets, 33 securities traded, compared to 28 on Monday leading to 10 advancing, 14 declining and 9 closing unchanged. Mayberry Jamaican Equitiesled with 276,530 shares, accounting for 22 percent of total main market volume, followed by Sagicor Real Estate Fund with 146,545 units with 12 percent of the day’s trades and Scotia Group with a mere 120,670 units for 9 percent of volume traded.
Market activity ended with an average of 43,856 units valued at an average of $1,429,706 for each security traded, in contrast to 55,353 units at $1,446,448 on Monday. The average volume and value for the month to date amounts to 145,107 shares at $2,305,661 for each security, compared to 153,425 shares at $2,384,798 previously. 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 7 stocks ending with bids higher than their last selling prices and just 1 closing with a lower offer.
In main market activity, Barita Investments lost $1.90 to close at $37.60, with an exchange of 5,231 shares, Caribbean Cement declined $1 to $65.50, with a mere 770 shares changing hands, Carreras fell 28 cents trading 91,573 units at $8.75, Jamaica Broilers climbed $1.80 to close at $33, with an exchange of 53,160 shares. Jamaica Producers fell $1.15, to close at $22.25, after trading 5,990 shares, Jamaica Stock Exchange gained 67 cents to close at $17.25, after trading 18,622 shares, JMMB Group concluded trading 27,058 shares at $30.50, after gaining 50 cents, Kingston Wharves dropped $2 to settle at $68, with 1,500 units changing hands. Mayberry Jamaican Equities rose 90 cents trading 276,530 shares at $9.50, PanJam Investment fell $2 and ended at $79 trading 10,830 units, Sagicor Real Estate Fund dropped $1.30 in an exchange of 146,545 shares to close at a 52 weeks’ low of $9, Seprod closed at $42 with a loss of 50 cents while trading 1,236 shares. Stanley Motta gained 50 cents to end at $5, exchanging 986 shares, Supreme Ventures gave up $1 in finishing at $25, with 34,782 units changing hands Sygnus Credit Investments shed 60 cents in trading 13,800 units to close at $11.40 and Wisynco Group gained 29 cents trading 64,250 units, to close at $11.35.
Trading in the US dollar market ended with 34,592 units valued $12,596. Eppley 5% preference share, closed at 98 US cents with 5,292 shares changing hands and JMMB Group 5.75% preference share settled gained 1 cent and ended at US$2.05 trading1,000 shares, Proven Investments ended trading with 20,000 units at 23 US cents and Sygnus Credit Investments shed 2 cents in trading 8,300 units to close at 9 US cents. The JSE USD Equities Index lost 0.89 points to close at 178.39.
The Junior Market of the Jamaica Stock Exchange closed with volume and value increasing more than 80 percent over Tuesday, with the market index losing 11.81 points to 2,966.83.
Investors exchanged 21 securities, down from 22 on Monday with prices of 9 rising 8 falling, leaving 4 unchanged. IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Trading resulted in an exchange of 1,586,013 units at $4,904,015, compared to 876,086 units valued $2,653,927, changing hands on Monday. Trading ended with an average of 75,524 units for an average of $233,525 in contrast to 39,822 units for an average of $120,633 on Monday. The average volume and value for the month to date amounts to units 98,795 valued $352,089 and previously 100,553 valued $361,045 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
At the close of the market, AMG Packaging ended at $2.23, trading 2,000 stock units, Caribbean Cream rose 21 cents to close at $5.49, trading 17,051 shares, with Caribbean Producers finished trading 7,000 units with a loss of 18 cents at $4.62, Derrimon Trading ended 4 cents higher at $2.75, with an exchange of 2,000 shares. Everything Fresh lost 15 cents to close at $1.40, with 69,000 stock units changing hands, Elite Diagnostic settled 2 cents higher at $2.97, with 26,238 units traded, FosRich Group traded 2,800 shares and rose 25 cents to end at $4.15, Fontana finished trading 207,076 shares at $3.80. General Accident closed 5 cents higher at $4, with an exchange of 3,000 stock units, GWest Corporation rose 3 cents to close at $1.33, with 52,298 units passing through the market, Indies Pharma finished trading 4 cents higher at $3.05, with 1,018,100 shares changing hands. Iron Rock settled with a loss of 40 cents at $3.50, with the trading of 2,668 shares, Jamaican Teas traded 3,000 units with a loss of 55 cents at $3.55. Jetcon Corporation ended market activity with 62,000 shares and lost 13 cents to close at $2.35, KLE Group ended with a loss of 20 cents at $2.50, with 964 shares changing hands, Lasco Distributors finished 5 cents higher at $3.75, with 15,000 units traded, Lasco Financial rose 20 cents and higher settled at $4.40, while trading 600 shares. Lasco Manufacturing ended trading 70,318 shares, with a loss of 25 cents to close at $3.20, Main Event ended with a loss of 5 cents at $4.95, with 10,400 shares changing hands, Stationery and Office concluded trading of 9,000 shares at $6.75 and tTech settled at $5.30, with 5,500 stock units trading.
Prices of securities trading for the day are those at which the last trade took place.
First Citizens is one of a number of Trinidad stocks closing at 52 weeks’ high in 2019 on TTSE.
Trading on the Trinidad & Tobago Stock Exchange, continues to show signs of new life in 2019, with the market ending on Monday with 18 securities changing hands, against 13 on Friday.
The market closed with 7 stocks rising, 3 declining and 8 remaining unchanged, leading to positive gains in the main market indices and rise of 3.6 percent for the year to date for Trinidad stocks compared to a 1.8 percent fall at the same time in 2018. For the year to date, a number of stocks recorded new 52 weeks’ highs and that trend seems set to continue.
At the market’s close, Composite Index rose 2.56points to 1,331.20. The All T&T Index declined gained 5.11 points to 1,766.84, while the Cross Listed Index inched down by 0.01 points higher to close at 120.84. At the close, investors exchanged 372,356 shares at $3,109,288, compared to 102,669 shares at $1,954,012 on Friday. IC bid-offer Indicator|The Investor’s Choice bid-offer ended at 5 stocks with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, stocks ending with gains|Clico Investments gained 3 cents and settled at $23.03, with 26,572 stock units changing hands, First Citizens added 2 cents to close at $36.55, after exchanging 1,712 shares, National Enterprises increased 45 cents and settled at $7.25, with 2,000 stock units changing hands. National Flour rose 5 cents and closed at $1.68, in trading 180,293 units, One Caribbean Media closed with a gain of 15 cents and completed trading at $10.30, after exchanging 119,300 shares. Point Lisas gained 10 cents and settled at $3.55, with 1,000 stock units changing hands and Republic Financial Holdings finished trading 563 shares with a rise of 8 cents in closing at $120. Stocks closing with losses|Angostura Holdings fell 20 cents and settled at $15.80, with 1,105 stock units changing hands, Massy Holdings closed with a loss of 11 cents and completed trading at $53.09, after exchanging 9,550 shares and Sagicor Financial shed 1 cent and completed trading at $8.79, after exchanging 13,754 shares. Stocks closing firm|Agostini’s completed trading at $23.33, after exchanging 560 shares, Grace Kennedy settled at $3.35, with 300 stock units changing hands, Guardian Holdings concluded trading with 137 units at $18.50, JMMB Group completed trading at $1.75, after exchanging 7,385 shares. NCB Financial Group ended at $8.25, after exchanging 1,257 shares, Trinidad & Tobago NGL exchanged 3,765 units, at $29.40, Trinidad Cement ended at $2.60, after exchanging 2,303 shares and Unilever Caribbean traded 800 shares at $26.30.
Prices of securities trading for the day are those at which the last trade took place.
Trading on the main market of the Jamaica Stock Exchange ended Monday as the JSE All Jamaican Composite Index sank 1,698.05 points to 417,110.99 and the JSE Index dropping 1,543.07 points to close at 380,035.17, with a positive advance decline ratio.
At the close of the main and US markets, 28 securities traded, compared to 30 on Friday leading to 12 advancing, 7 declining and 9 closing unchanged.
Trading ended with just 1,439,179 units valued at just $37,607,638 compared to 2,536,555 units valued $102,402,822 crossing the exchange on Friday. Wisynco Group led with 603,633 shares, accounting for 42 percent of total main market volume, followed by Sagicor Group with 254,940 units with 18 percent of the day’s trades and Carreras with a mere 152,725 units for 11 percent of volume traded.
Market activity ended with an average of 55,353 units at $1,446,448 for each security traded, in contrast to 84,552 units at $3,413,427 on Friday. The average volume and value for the month to date amounts to 153,425 shares at $2,384,798 for each security, compared to 161,222 shares at $2,467,500 previously. 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 8 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Caribbean Cement gained $2.98 to finish at $66.50, with 10,819 shares changing hands, Grace Kennedy traded 3,189 stock units and added 45 cents to close at $60, Jamaica Broilers climbed $1.20 to close at $31.20, with an exchange of 35,925 shares. Jamaica Stock Exchange fell 42 cents to close at $16.58, after trading 47,785 shares, Mayberry Jamaican Equities lost 50 cents trading 5,946 shares at $8.6, Pulse Investments rose 35 cents and finished at $2.95, with 25,000 shares crossing the exchange, Sagicor Group rose 85 cents in trading 254,940 shares to close at $39. Sagicor Real Estate Fund exchanged just 500 shares to close at $10.30, after gaining 80 cents, Supreme Ventures rose $1 and finished at $26, with 46,131 units changing hands and Wisynco Group fell 24 cents trading 603,633 units to close at $11.06.
Trading in the US dollar market ended with 58,704 units valued at $7,867. Proven Investments gained 1 cents and ended trading with 15,204 units at 23 US cents and Sygnus Credit Investments shed 1 cent in trading 43,500 units to close at 11 US cents. The JSE USD Equities Index rose 2.85 points to close at 179.28.