Stock Market — Page 483

TTSE inched higher – Monday

March 9, 2020 by IC Insider.com

Republic Holdings closed at a 52 weeks’ high of $145.50.

Trading on the Trinidad & Tobago Stock Exchange ended on Monday with more stocks falling than rising and leaving the market indices with gains as Republic Holdings closed trading at a 52 weeks’ high.
The T&T Composite Index rose 0.73 points to 1,501.86. The All T&T Index added 3.44 points to end at 1,918.80, while the Cross Listed Index closed with a decline of 0.27 points at 146.96.
The market closed with 18 securities trading with compared 16 on Friday. The prices of three stocks rising, eight declining while seven remained unchanged as the number of securities changing hands remained constant over the past three days, at 16. The volume of stocks passing through the market fell to 1,548,495 shares valued at $28,291,848, compared to 383,853 shares for $7,140,746 on Friday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of four stocks higher than their last selling prices and three with lower offers.
Gainers| Agostini’s traded 200 shares and gained 1 cent to close at $25.51, First Citizens Bank climbed $2.03 to $48.83 in trading 22,779 units and Republic Financial exchanged 1,633 stock units and gained 10 cents to close at a 52 weeks’ high of $145.50.
Losers| Calypso Macro Index Fundshed 12 cents to end at $15.88 in transferring 200 units, Clico Investment lost 1 cent trading 407,500 units and closed at $28.60, Grace Kennedy shed 10 cents in trading 44,200 units to end at $3.75. JMMB Group lost 8 cents to end at $2.40, with 1,500 stock units crossing the market, National Enterprises declined by 14 cents to end $5.51 trading 200 units, One Caribbean Media fell 25 cents in exchanging 30,100 stock units to close at a 52 weeks’ low of $7.50. Prestige Holdings slipped 22 cents to $9.03, with 100 units changing hands and Trinidad & Tobago NGL transferred 2,498 shares and fell $1 to close at a 52 weeks’ low of $19.
Firm Trades| First Caribbean International Bank saw 35,580 shares changing hands to close at $7.89, Guardian Holdings traded 165,594 shares at $23, Massy Holdings ended with 54,015 units crossing the market at $63. NCB Financial traded 570,870 shares at $11.35, Point Lisas exchanged 210,117 stock units at $3.75, Scotiabank ended with 1,309 crossing the market at $62.50 and Unilever Caribbean transferred 100 stock units at $20.50.

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

Filed Under: Stock Market, TTSE Market Tagged With: Agostini's, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, National Enterprises, NCB Financial Group, One Caribbean Media, Point Lisas, Prestige Holdings, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean

The end may be in sight for JSE big losses

March 6, 2020 by IC Insider.com

The Main Market of the Jamaica Stock Exchange got clobbered again on Friday with investors slashing more than 7,000 points off the All Jamaican Composite Index, but the end may be in sight as the index hits support at the close.

The end may be in sight for the big losses for the JSE Main market as it closed at support level on Friday.

Friday’s index loss brings the total for the week and month to date to 55,391 points or 10.5 percent. The decline for the year to date reached 15.3 percent while the market fell 110,366.3 points or 18.9 percent since peaking in August last year.
At the close, the JSE All Jamaican Composite Index dropped 7,274.07 points to close at 474,331.40, the JSE Market Index dived 6,632.94 points to 432,053.03 and the JSE Financial Index lost 0.22 points to 118.11.
The market closed with 45 securities changing hands in the Main and US dollar markets with the prices of 9 advancing, 31 declining and five ending unchanged. At the close, three stocks closed at 52 weeks low, while three traded at 52 weeks’ intraday low.
The JSE Main Market activity ended with 41 securities accounting for 28,587,236 units for $124,299,870 in contrast to 58,534,158 units valued at $293,293,547.76 from 42 securities on Thursday.
Wigton Windfarm was the lead traded with 10.2 million shares for 35.6 percent of total volume, followed by Sagicor Select Financial Fund with 9.3 million units for 32.4 percent of the day’s trade and Sagicor Select Manufacturing and Distribution Fund with 3.9 million units for 13.6 percent market share.
The Market closed with an average of 697,250 units at $3,031,705 for each security traded, in contrast to 1,393,670 units valued at an average of $6,983,180 on Thursday. The average volume and value for the month to date amount to 734,052 units valued at $4,928,837 for each security changing hands compared to 924,613 units valued at $5,408,975 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows seven stocks ending with bids higher than their last selling prices and four closing with lower offers. The PE ratio of the market ended at 16.9, while the Main Market ended at 16.1 times 2019 earnings.
In the prime market, Barita Investments ended at $63.51, after losing $1.49 in exchange for 32,443 shares, Berger Paints closed $2 lower to a 52 weeks’ low of $11, in transferring 3,043 units, Caribbean Cement dropped $7 to close at $58, with 21,365 stock units changing hands. Eppley Caribbean Property Fund rose $2.50 to end at $40, in swapping 160 shares, First Rock gained 73 cents to settle at $10.75 trading 9,237 units, Jamaica Broilers ended at $29, with a loss of $3.10 exchanging 62,597 shares. Jamaica Stock Exchange closed $1.05 lower to $26.50, in swapping 115,570 stock units. Kingston Wharves ended the day’s trade at 52 weeks low of $43, with a loss of $5 in trading 20,082, NCB Financial Group advanced $11 to $180, after transferring 124,379 shares, 138 Student Living gained 45 cents to close at $6.75, with 140 units changing hands, PanJam Investment dropped $1.99 to $94, after transferring 23,203 shares. Portland JSX Fund lost 55 cents trading 4,000 units to finish at $8.95, Proven Investments declined by $2.47 to $38.52, after swapping 31,864 stock units, Pulse Investments shed $1 to end at $9, with an exchange of 138,888 shares. Sagicor Group lost 50 cents, ending the day at $60.60, with 188,479 stock units traded, Salada Foods closed with a loss of 50 cents at $28.50 in swapping 535 units. Scotia Group ended at $50, after losing 50 cents in transferring 112,800 stock units, after it traded down to an intraday 52 weeks’ low of $40. Seprod declined by $3 exchanging 69,800 shares to close at $42, Supreme Ventures lost 30 cents to end at a 52 weeks’ low of $19.70, with an exchange of 211,976 units, Sygnus Credit Investments lost $2.35 to close at $18.15 while transferring 455,294 shares. Victoria Mutual Investments shed 70 cents to end at $6.80, in trading 382,192 stock units and Wisynco Group closed $1.90 lower to $18.10 in exchanging 439,672 shares.
Trading in the US dollar market ended with 251,573 units accounting for US$52,113. The market lost 5.32 points to close at 211.79. First Rock gained half of one cent to close at 8 US cents trading 88,754 shares, Productive Business Solution ended at 74 US cents, with a loss of 1 cent after exchanging 100 units. Proven Investments lost 1 cent to finish at 28 US cents, after swapping 160,484 shares and Sygnus Credit Investments lost 1 cent to settle at 17.5 US cents, with 2,235 shares changing hands.

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

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley Caribbean Property Fund, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Investors slash 31% off Junior Market

March 6, 2020 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange suffered another day of more than 100 points fall in the market index as declining stocks clobbered advancers for the third consecutive day and leaving the market with a 24.3 drop since the start of the year and 31 percent from the peak in August last year.
The Market Index dropped 121.90 points to close at 2,534.51, taking the market value back to December 2016 levels.
At the close of market activities, the prices of just seven securities advanced, 24 declined and five remained unchanged. The average market PE ratio ended at 12.4 times 2019 earnings.
Investors traded 36 securities, resulting in an exchange of 3,023,002 units for $8,414,790 compared to 4,570,211 units amounting to $14,248,217 on Thursday.
Trading ended with an average of 83,972 units for an average of $233,744 in contrast to 126,950 units for an average of $395,784 on Thursday. The average volume and value for the month to date amounts to 112,656 units valued at $313,082 and previously 161,273 units valued at $342,583. In contrast, February closed with an average of 167,673 units valued at $488,038 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading continues to show a weak market with one stock ending with the bid higher than the last selling price and nine with lower offers.
At the close of the market, AMG Packaging lost 10 cents in trading of 27,840 units at $1.80, Blue Power fell 30 cents in exchanging 6,660 units at $3.70, Cargo Handlers lost 6 cents to end at a 52 weeks’ low of $7 with 12,455 stock units trading. Caribbean Cream ended trading with 3,200 shares, after rising 2 cents to end at $3.09, Caribbean Flavours closed $4.33 lower to 52 weeks’ low of $10.16 in transferring 2,240 units, Consolidated Bakeries shed 19 cents with 14,314 shares changing hands to close at $1.60. Derrimon Trading ended 15 cents lower with 53,245 units crossing the exchange at $1.80, Dolphin Cove ended with a loss of $1 to close at $10 with 100 stock units changing hands, Elite Diagnostic fell 31 cents in exchanging 276,396 units at $3.70. Express Catering lost 64 cents transferring 23,842 units at a 52 weeks’ low of $3.75, Fontana slipped 80 cents in trading of 216,761 units at $5, Fosrich climbed 3 cents and exchanged 8,915 shares at $3.33. General Accident closed trading of 5,209 units and gained 74 cents to end at $5.99, GWest Corporation ended with a loss of 1 cent at $1 with 139,789 stock units changing hands, Honey Bun ended market activity exchanging 16,355 shares to close at $6.30 after falling 15 cents. Indies Pharma dipped 10 cents in trading 136,295 units at a 52 weeks’ low of $2.20, Jamaican Teas ended market activity in transferring 216,409 shares to close at $5 after falling 95 cents. Jetcon Corporation ended trading of 500 shares, after rising 5 cents to end at $1.30, Knutsford Express declined by 10 cents to settle at $10.10, with 1,844 units traded, Lasco Distributors exchanged 185,493 shares to close at $2.80 after falling 10 cents. Lasco Financial lost 10 cents in trading 65,342 shares to close at $3.10, Lasco Manufacturing lost 30 cents transferring 179,403 units at $3, Limners and Bards declined15 cents in trading 318,551 units at $2.44. Lumber Depot ended with a loss of 1 cent at $1.37 with 664,558 stock units changing hands, MailPac declined by 5 cents trading 215,722 units at $1.70, Main Event climbed 38 cents to settle at $5.99 with 47,619 shares changing hands, Medical Disposables dipped 75 cents in trading of 5,557 units to close at $6.23. Paramount Trading closed 2 cents higher at $1.94, with 25,000 stock units changing hands, SSL Venture Capital declined by 11 cents to settle at $1.12 after trading 5,882 shares, Stationery and Office Supplies lost 50 cents exchanging 19,267 units to end at $8 and tTech closed trading of 1,100 units and gained 83 cents to end at $4.70.
In the junior market preference segment, CAC 2000 9.5% preference share traded 4,000 units at $1.

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, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

T&TSE stocks fall – Friday

March 6, 2020 by IC Insider.com

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Trading on the Trinidad & Tobago Stock Exchange ended on Friday with more stocks falling than rising and leaving the market indices with losses for a second day after Republic Holdings and Guardian Holdings traded at 52 weeks’ highs.
The T&T Composite Index slipped 2.16 points to 1,501.13. The All T&T Index shed 3.49 points to end at 1,915.36, while the Cross Listed Index closed with a decline of 0.11 points at 147.23.
The market closed with five stocks rising, six declining while five remained unchanged as the number of securities changing hands remained constant over the past three days, at 16. The volume of stocks passing through the market fell to 383,853 shares valued $7,140,746, compared to 638,454 shares for $7,493,916 on Thursday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of four stocks higher than their last selling prices and three with lower offers.
Gainers| CinemaOne exchanged 1,375 shares and rose 22 cents to close at $5.97, Guardian Holdings added 1 cent in exchanging 76,290 stock units to end at a 52 weeks’ high of $23. Massy Holdings gained 1 cent to close at a 52 weeks’ high of $63 with 5,430 shares changing hands, Prestige Holdings added 25 cents in transferring 106 stock units at $9.25 and Republic Financial Holdings traded 67 shares and gained 40 cents to close at a 52 weeks’ high of $145.40
Losers| Angostura Holdings exchanged 65 shares and fell 15 cents to end at $16.20, First Citizens Bank dropped $1.35 as 17,947 stock units changed hands to settle at $46.80, JMMB Group shed 1 cent to end at $2.48, with 600 stock units crossing the market. Trinidad & Tobago NGL transferred 105,933 shares and fell 10 cents to close at a 52 weeks’ low of $20, Unilever Caribbean traded 36 stock units and slipped 50 cents to a 52 weeks’ low of $20.50 and West Indian Tobacco lost $1 to close at $38 while trading 69 stock units.
Firm Trades| Calypso Micro Index Fund traded 60 shares at $16, Clico Investment closed trading of 18,926 units at $28.61. First Caribbean International Bank saw 600 changing hands, to close at $7.89, National Flour ended with 1,700 units crossing the market at $1.45 and NCB Financial traded 171,000 shares at $11.35.

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

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, Ansa Mcal, Cinemaone, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Guardian Holdings, JMMB Group, Massy Holdings, National Flour, NCB Financial Group, Prestige Holdings, Republic Financial Holdings, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean, West Indian Tobacco

Record 24,000 points plunge for JSE

March 5, 2020 by IC Insider.com

The Jamaica Stock Exchange Main Market suffered its worse daily fall in its near 51 year history with All Jamaican Composite Index plunging a massive 24,224.80 points to close at 481,605.47, the JSE Market Index nose-dived 21,798.25 points to 438,685.97. The JSE Financial Index slipped just 2.79 points to 118.33.

JSE All Jamaica Composite Index dropping sharply this week as some investors retreated from the market.

Thursday’s sharp fall brings the total decline for the week to 48,117 points or 9 percent and 56,657 points since February 21, making the loss 10.5 percent in just eight days and 14 percent for the year to date.
The market closed with 48 securities changing hands in the Main and US dollar markets with the prices of 12 advancing, 26 declining and 10 trading firm. During trading, five stocks hit 52 weeks’ lows, but only one ended the trading session at the low. The JSE Main Market activity ended with 42 securities accounting for 58,534,158 units for $293,293,548 in contrast to, 29,204,863 units valued at $241,250,894.58 from 40 securities on Wednesday.
Sagicor Select Financial Fund dominated trading with 44.6 million shares for 76.3 percent of total volume, followed by Wigton Windfarm with 5 million units for 8.6 percent of the day’s trade and Sagicor Select Manufacturing and Distribution Fund with 2.1 million units for 3.5 percent of the market’s volume. QWI Investments with 1.5 million shares was the only other stock trading more than a million units.
The Market closed with an average of 1,393,670 units valued at an average of $6,983,180 for each security traded, in contrast to 730,122 units valued at an average of $6,031,272 on Wednesday. The average volume and value for the month to date amount to 924,613 units for $5,408,975 for each security changing hands, compared to 760,443 units valued at $4,858,004 for each security. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and five closing with lower offers. The PE ratio of the market has dropped to 17.3, while the Main Market ended at 16.5 times 2019 earnings.
In the prime market, Barita Investments closed $1 lower to $65, with 54,440 shares changing hands, Berger Paints ended at $13, after losing $1 trading 5,656 units, Caribbean Cement shed $2 to finish at $65, in swapping 595,327 shares. Carreras gained 31 cents to close at $7.81, with an exchange of 199,039 shares, Eppley climbed $2.95 higher to $16, in transferring just 933 units, Grace Kennedy lost $1 to close at $66, after trading 145,138 shares. Jamaica Stock Exchange settled at $27.55, with a gain of $1 in exchanging 165,726 shares, Kingston Wharves dropped $2 to end at $48, with 20,707 shares traded, Mayberry Investments lost 82 cents to close at $7.18, in exchanging 33,205 units, NCB Financial Group ended at $169, with a loss of $1.55 after 367,245 shares crossed the market. PanJam Investment dropped $2.01 to $95.99, after transferring 107,107 shares, Radio Jamaica lost 34 cents to close at $1.35, with 129,228 shares changing hands, Sagicor Real Estate Fund closed 35 cents lower to $9.50, in trading 98,644 stock units. Salada Foods closed at $29, with a loss of $5 swapping 1,211 shares, Scotia Group ended at $50.50, after losing $2 transferring 289,207 shares, Seprod declined by $2.07 exchanging 647,209 and closed at $45. Supreme Ventures lost $1 to end at $20, with 73,161 shares changing hands, Sygnus Credit Investments closed at $20.50, with a loss of $3.30 swapping 124,690 shares. Victoria Mutual Investments lost 50 cents to end at $7.50, in trading 295,373 shares, Wisynco Group lost $2.45 in transferring 495,518 shares at $20, and in the preference section, Productivity Business Solution closed with 5,000 units crossing the exchange and rose $5 to $105.
Trading in the US dollar market ended with 134,498 units for US$16,482. The market slid 1.79 points to close at 217.11 to be down just 4 percent for the year to date. The market ended with First Rock Capital trading 115,000 units at 7.5 US cents, Proven Investments swapped 2,948 units at 29 US cents, Sterling Investments lost 0.8 of a cent and closed at 2.10 US cents, in transferring 1,000 units and Sygnus Credit Investments gained 0.5 cents to settle at 18.5 US cents, with 12,100 shares changing hands.
In the US preferences section, JMMB Group 5.75% preference share gained 15 cents to close at US$2.15 while exchanging 1,500 units and JMMB Group 6% preference share lost 1 cent to end at 99 US cents, with an exchange of 1,950 shares.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley Caribbean Property Fund, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Junior Market drops 27% from peak – Thursday

March 5, 2020 by IC Insider.com

Junior Market gets big hit in March

The Junior Market got another body blow on Thursday with the market index sinking a further 102.35 points on top of the 100 point drop on Wednesday to close at 2,656.41 for a decline of 27 percent below August 2019 peak. The day ended with almost five times as many falling stocks as those advancing and closed with seven securities trading at 52 weeks’ lows. Trading ended with 36 securities changing hands and leading to the prices of 24 stocks declining, just four advancing and eight remaining unchanged.
Trading concluded on Thursday with an exchange of 4,570,211 units valued at $14,248,217 compared to 4,395,557 units valued at $10,234,154 on Wednesday. The PE ratio of the market ended at 12.7 times 2019 earnings.
Trading ended with an average of 126,950 units at $395,784 for each security traded in contrast to 125,587 units for an average of $292,404 on Wednesday. The average volume and value for the month to date amounts to 161,273 units valued at $342,583 and previously 115,778 units valued at $324,168. In contrast, February closed with an average of 167,673 units valued at $488,038 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading was negative with a reading of two stocks ending with bids higher than their last selling prices and eight with lower offers.
At the close of the market, Access Financial exchanged 8,848 shares at 52 weeks’ low of $23.75 after falling $2.11, AMG Packaging closed 10 cents higher at $1.90 with 5,144 stock units trading, Blue Power lost 56 cents in trading of 11,170 units at $4. Cargo Handlers fell 92 cents to $7.06 with 4,137 units traded, Caribbean Cream dropped 23 cents in trading of 8,919 units to close at a 52 weeks’ low of $3.07, Caribbean Producers exchanged 51,300 shares to close at $3.90 after falling 10 cents. Derrimon Trading shed 1 cent to end at $1.95 with 252,202 stock units changing hands, Elite Diagnostic dipped 9 cents in trading of 68,896 units at $4.01, Everything Fresh slipped 3 cents to 82 cents in the exchange of 205,300 units. Express Catering fell 46 cents in trading of 166,287 units at $4.39, Fosrich declined 4 cents to a 52 weeks’ low of 44 before bouncing to close at $3.30 with 158,583 units swapped, General Accident closed at $5.25 after dropping 80 cents in the trading 31,584 shares. GWest Corporation ended with a loss of 1 cent at $1.01 with 5,200 stock units changing hands, Honey Bun fell 5 cents in trading of 30,899 units at $6.45, iCreate finished 1 cent lower at 63 cents with an exchange of 88,382 stock units. Indies Pharma declined 8 cents in trading of 63,757 units at a 52 weeks’ low of $2.30, Iron Rock Insurance closed trading of 11,844 units and gained 10 cents to end at $3, Jamaican Teas shed 34 cents in trading of 506,124 units at $5.95. KLE Group ended market activity exchanging 7,500 shares to close at $1.99 after falling 31 cents, Knutsford Express closed at $10.20 after falling 65 cents with 1,189 shares changing hands, Lasco Distributors traded 100,800 shares to close at $2.90 after falling 8 cents. Limners and Bards ended trading of 237,677 units and gained 8 cents to end at $2.59, Lumber Depot closed with a loss of 2 cents at $1.38, after swapping 83,259 shares, Mailpac Group declined 5 cents in trading of 1,645,068 units at $1.75. Main Event ended with a loss of 1 cent at $5.61 with 10,463 stock units changing hands, Medical Disposables closed trading of 5,500 units and gained 83 cents to end at $6.98, Paramount Trading finished the day at $1.92 after rising 2 cents with 20,000 shares traded. Stationery and Office Supplies lost 75 cents after 78,692 stock units changed hands, to close at $8.50 and tTech declined 31 cents to close at a 52 weeks’ low of $3.87 with 11,194 units crossing the exchange.

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, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity, tTech

T&TSE stocks fall – Thursday

March 5, 2020 by IC Insider.com

Trading on the Trinidad & Tobago Stock Exchange on Thursday closed with more stocks falling than rising, leaving the market indices with losses.
The T&T Composite Index slipped 6.72 points to close at 1,503.29. The All T&T Index shed 9.37 points to end at 1,918.85, while the Cross Listed Index closed with a decline of 0.55 points to end at 147.34.
The market ended with just three stocks rising, six declining while seven remained unchanged.
Trading resulted in 16 securities changing hands with an exchange of 638,454 shares valued $7,493,916, compared to 318,961 shares valued $14,710,897, with 16 securities trading on Wednesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than their last selling prices and three with lower offers.
Gainers| Clico Investment added 1 cent and closed trading with 18,926 units at a 52 weeks’ high of $28.61 and Massy Holdings gained 48 cents to close at a 52 weeks’ high of $62.99 with an exchange of 42,832 shares and Prestige Holdings added 1 cent in exchanging 16,275 stock units at $9.
Losers| Ansa McAl exchanged 245 shares and fell 5 cents to end at $55.50, First Citizens Bank fell 85 cents and transferred 2,307 stock units to settle at $48.15, JMMB Group shed 11 cents to end at $2.49, with 308,876 stock units crossing the market. Trinidad & Tobago NGL transferred 11,677 shares and fell 15 cents to close at a 52 weeks’ low of $20.10. Trinidad Cement lost 4 cents and closed trading of 36,438 units at a 52 weeks’ low of $1.81 and West Indian Tobacco lost 25 cents to close at $39 while trading 17,465 stock units.
Firm Trades| First Caribbean International Bank traded 1,000 to close at $7.89. Guardian Holdings exchanged 10,000 stock units to end at $22.29, NCB Financial traded 170,818 shares at $11.35, Point Lisas traded 515 units at $3.75. Scotiabank traded 900 units to end at $62.50, Republic Financial Holdings exchanged 100 shares to close at $145 and Unilever Caribbean ended with 80 stock units changing hands unchanged at $20.

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

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Mcal, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Guardian Holdings, JMMB Group, Massy Holdings, NCB Financial Group, One Caribbean Media, Point Lisas, Prestige Holdings, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean, West Indian Tobacco

Worse day for Jamaican Stocks

March 5, 2020 by IC Insider.com

The Jamaica Stock Exchange suffered it worse day with a fall of 24,224.80 points off the Composite index on Thursday, beating the 14,424.69 points fall on Tuesday when the market closed at 511,165.47.
Main Market stock suffering significant declines include NCB Financial $1.55, Caribbean Cement $2, PanJam Investments $2.01, Scotia Group $2, Sygnus Credit $3.30 and Wisynco off $2.45.
The Junior Market that has been under pressure some months and fell 99.62 points on Wednesday dropped another 102.35 points on Thursday, to close at 2,656.41. Junior Market stocks that suffered the greatest losses that to Thursday’s sharp fall include Access Financial down $2.11, Blue Power off 56 cents, Cargo Handlers with a loss of 96 cents Express Catering falling 46 cents, General Accident down 80 cents, Knutsford Express off by 65 cents and Stationery and Office Supplies down 75 cents.

Filed Under: Breaking News, Feature Stories, JSE Combined, Stock Market Tagged With: Access Financial, Blue Power, Cargo Handlers, Daily Trading, Emerging markets, General Accident, Jamaica Stock Exchange, Jamaican Stock, Jamaican stocks, Knutsford Express, NCB Financial Group, PANJAM Investment, Scotia Group, Seprod, SOS, Sygnus Credit Investments, Wisynco Group

JSE Main Market down 13% since August 2019

March 4, 2020 by IC Insider.com

The Jamaica Stock Exchange Main Market suffered more losses on Tuesday, bringing the loss for the Composite Index to 23,892 points in three days, with a fall of 9.6 percent since the start of the year and 13 percent from the peak of 584,697.71 on August 8, last year.
The JSE All Jamaican Composite Index declined by 5,335.20 points to close at 505,830.27, the JSE Market Index dropped 4,832.90 points to 460,484.22 and the JSE Financial Index lost 1.47 points to 124.12.
The market closed with 41 securities changing hands in the Main and US dollar markets with the prices of eight advancing, 29 declining and four trading firm. The JSE Main Market activity ended with 40 securities accounting for 29,204,863 units valued at $241,250,895 in contrast to 29,930,856 units valued at $203,577,617 from 39 securities on Tuesday.
Sagicor Select Financial Fund dominated trading with 14.1 million shares for 48.4 percent of total volume, followed by Wigton Windfarm with 6.1 million units for 21 percent of the day’s trade and Wisynco Group with 2.1 million units for 7.2 percent of the market’s volume.
The Market closed with an average of 730,122 units valued at an average of $6,031,272 for each security traded, in contrast to 767,458 units valued at an average of $5,219,939 on Tuesday. The average volume and value for the month to date amount to 760,443 units valued at $4,858,004 for each security changing hands compared to 775,604 units valued at $4,172,370 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and six closing with lower offers. The PE ratio of the market ended at 17.5, while the Main Market ended at 16.8 times the 2019 earnings.
In the prime market, Barita Investments declined by $2 to $66, in an exchange of 53,555 shares, Berger Paints shed $1 to finish at $14, with 4,919 units changing hands, Caribbean Cement closed $2 higher to end at $67, in transferring 42,598 shares. Carreras lost 40 cents to close at $7.50 after trading 65,364 units, Eppley dropped $4.45 to $13.05 after swapping 4,900 units, First Rock Capital gained 65 cents to settle at $9.90, with an exchange of 35,770 shares. Grace Kennedy ended 92 cents lower at $67, after transferring 38,824 shares, Jamaica Broilers lost $2.40 trading 225,276 stock units to finish at $32.10, JMMB Group fell $3.27 to $39.01 after moving 756,324 shares through the market, Kingston Wharves closed $3 lower at $50, with 99,590 shares crossing the market. Mayberry Investments gained 40 cents to end at $8, in exchanging 232,702 units, Mayberry Jamaican Equities finished at $9.77, with a loss of $1.23 in transferring 16,027 shares. MPC Caribbean Clean Energy climbed $16.99 to $147, after trading a mere 100 units, NCB Financial tumbled $11.45 to 52 weeks’ low $170.55 and transferring 106,868 shares, 138 Student Living lost 62 cents to end at $6.50, with 13,800 units changing hands. PanJam Investment closed $1 lower to $98, in swapping 8,112 shares, Proven Investments shed $3.50 to end at $41, with an exchange of 8,284 shares, Pulse Investments lost $1 to close at $10, with 51,559 shares changing hands. Sagicor Group dropped $3.90 to end at $61.10, with an exchange of 1,136,646 shares, Salada Foods closed at $34, with a loss of $1 trading 1,592 shares. Scotia Group ended at $52.50, after losing $1.51 transferring 179,479 shares, Seprod declined by $4.34 after exchanging 24,220 units and closed at $47.07, Supreme Ventures lost $1.35 to end at $21, in swapping 58,263 shares. Sygnus Credit Investments closed at $23.80, with a loss of 70 cents trading 43,363 stock units, Victoria Mutual Investments lost 50 cents to end at $8, with 669,559 shares changing hands and Wisynco Group shed 45 cents to settle at $22.45, in transferring 2,114,845 shares.
Trading in the US dollar market ended with 6,641 units valued at over US$498. The market slipped 1.89 points to close at 218.90 as First Rock Capital lost 0.5 cents, trading 6,641 units to end at the lowest level of 7.5 US cents since listing in late February.

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

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley Caribbean Property Fund, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Junior Market tumbles 25% in 7 months

March 4, 2020 by IC Insider.com

The Junior Market Index suffered yet another huge loss tumbling 100.62 points to close at 2,758.76 on Wednesday with a fall of 17.6 percent the year and 25 percent since the peak in August last year.
Wednesday decline takes the market back to January 2017 levels as investors push the prices of some stocks well below average market value on relatively small volumes.
The market closed with the PE ratio at 13.2 times 2019 earnings after three stocks traded at 52 weeks’ lows during the day.
At the close of market activities, 35 securities changed hands with the prices of 21 securities falling, just seven stocks advancing and seven closing unchanged.
Trading concluded on Wednesday with, resulting in an exchange of 4,395,557 units valued at $10,234,154 compared to 3,670,387 units valued at $10,621,296 on Tuesday.
The day ended with an average of 125,587 units at $292,404 for each security traded in contrast to 114,700 units for an average of $331,916 on Tuesday. The average volume and value for the month to date amounts to 115,778 units valued at $324,168 and previously 110,803 units valued at $340,279. In contrast, February closed with an average of 167,673 units valued at $488,038 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows three stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, AMG Packaging lost 10 cents in trading of 14,576 units at $1.80, Blue Power gained 6 cents exchanging 21,873 shares at $4.56, Caribbean Cream settled at $3.30 after dropping 7 cents trading of 478,546 units. Caribbean Producers dipped 65 cents in the swapping of 150,530 units at $4, Derrimon Trading fell 2 cents with 33,836 units crossing the exchange at $1.96, Dolphin Cove ended market activity exchanging 1,350 shares at $11 after falling 25 cents. Elite Diagnostic shed 30 cents to close at $4.10 with 21,336 shares changing hands, Everything Fresh lost 10 cents in trading 125,575 shares to close at 85 cents, Express Catering finished with a loss of 15 cents at a 52 weeks’ low of $4.85, in swapping 47,640 shares. Fontana fell 30 cents in trading of 177,543 units at $5.80, Fosrich closed with a loss of 6 cents at $3.34, swapping 37,378 shares, General Accident ended market activity exchanging 44,529 shares at $6.05 after falling 34 cents. Honey Bun added 50 cents to close at $6.50, with 8,523 stock units trading, iCreate dropped 5 cents in the exchange of 34,369 units at 64 cents, Indies Pharma declined by 17 cents to settle at a 52 weeks’ low of $2.38 with 88,260 units crossing the market. Jamaican Teas ended with a loss of 1 cent at $6.29 with 21,534 stock units changing hands, Jetcon Corporation closed trading of 161,335 units and gained 7 cents to end at $1.25, Knutsford Express lost 35 cents to settle at $10.85 with 917 stock units traded. Lasco Distributors ended market activity exchanging 8,230 shares to close at $2.98 after falling 2 cents, Lasco Financial finished 20 cents higher at $3.20 with 75,804 stock units trading, after the price hit a 52 weeks’ low of $2.80, Lasco Manufacturing closed with 163,856 shares changing hands at $3.30 after falling 35 cents. Limners and Bards shed 11 cents in trading 86,934 units at $2.51, Main Event ended with 21,779 units crossing the exchange and gained 2 cents to close at $5.62, Medical Disposables exchanged 8,816 shares to close at $6.15 after falling 15 cents. Stationery and Office Supplies lost 70 cents in trading 1,100 stock units to close at $9.25, SSL Venture shed 5 cents in after transferring ownership of 20,696 units at $1.23. tTech closed 18 cents higher at $4.18, with 7,000 stock units crossing the exchange and CAC 2000 preference shares rose 20 cents to $1 after 11,547 units changed hands.