Prices of several stocks bounced sharply on the JSE Main Market as the year came to an end with 43 securities changing hands in the Main and US dollar markets, with 24 advancing, 11 declining and the prices of 8 stocks remaining unchanged after four stocks ended at 52 weeks’ highs.
At the close, JSE All Jamaican Composite Index jumped 2,992.76 points to end at 559,853.26, for a rise of 34.3 percent for the year, the JSE Market Index climbed 2,888.49 points to 509,916.44, up 34.3 percent for the year and the JSE Financial Index gained 0.51 points to close at 137.55, a gain of 37.6 percent for the year.
The JSE Main Market activity ended, with 37 securities accounting for 29,187,937 units valued at $201,537,949 in contrast to 15,775,842 units amounting to $99,372,463, on Monday, from 40 securities.
Sagicor Select – Manufacturing and Distribution Fund dominated market activity, with 10.3 million units and 35 percent of the volume changing hands, Sagicor Select – Financial Fund followed, with 5.2 million stock units for 18 percent of the market volume and Wigton Windfarm with 4.8 million shares for 16 percent market share.
The market closed, with an average of 788,863 units valued at an average of $5,446,972 for each security traded, in contrast to 394,396 units valued at $2,484,312 on Monday. The average volume and value for the month to date amounts to 595,143 units for $9,344,514 and previously, an average of 585,624 units for $9,023,435 for each security changing hands. The market closed out November, with an average of 653,621 units valued at $8,699,916 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 17 stocks ending, with bids higher than their last selling prices with none closing, with a lower offer. The PE ratio of the market ended at 19.7, with the Main Market ending at 19.2 times the current year’s earnings.
In the prime market, Barita Investments jumped $3.99 to $74.99, with 194,683 shares changing hands, Caribbean Cement climbed $3.50 to end at $84.50 in trading of 59,762 stock units, Eppley traded 500 shares but lost 90 cents to end at $14.10, Eppley Caribbean Property Fund jumped $2.40 to close at $42 with an exchange of 15,320 units. Grace Kennedy jumped $4 to close at a 52 weeks’ high of $73, after exchanging 424,336 shares, Jamaica Producers rose $4.15 to end at $28.50, with 32,218 stock units changing hands. JMMB Group added $1 to finish at $47.50 with an exchange of 167,483 units. Mayberry Investments rose 55 cents to end at $9.55, in trading 141,785 stock units Mayberry Jamaican Equities climbed $1.96 to close at a 52 weeks’ high of $14.01, trading 34,484 shares, NCB Financial declined $1.50 to close at $200 in the transferring of 39,197 stock units. PanJam Investment gained $1 to end at $101, with 2,551 units crossing the exchange, Pulse Investments climbed 28 cents with 2,009,538 shares changing hands, to end at a 52 weeks’ high of $5.25, after trading at an all-time high of $6.20. Salada Foods jumped $4.05 to close at $35 with 10,295,911 changing hands. Scotia Group rose 49 cents to close at $55.50 with an exchange of 90,476 stock units, Seprod recovered $1.50 previously lost to end at $51.50 with a transfer of 12,116 shares and Supreme Ventures lost 50 cents to end at $25, after exchanging 2,916,863 shares.
Trading in the US dollar market closed with 88,733 units amounting to $28,589. The market index advanced 2.82 points to close at 226.23 and is up 41.7 percent in 2019. Margaritaville gained half a cent trading 1,200 shares to close at 52 weeks’ high of 36 US cents, Productive Business Solutions traded 10,000 shares to end at 65 US cents, an increase of one cent. Proven Investments gained 2.8 cents in exchanging 57,203 units to close at 34.8 US cents, Sterling Investments traded 9,338 units to close at 2.5 US cents, Sygnus Credit Investments transferred 9,332 stock to close at 15 US cents and in the preference segment, JMMB Group 6.0% preference share traded 10,000 units at US$1.01.
TTSE stocks gain 9.6% for 2019
The Trinidad & Tobago Stock Exchange closed 2019 with gains for the three leading indices with the All T&T Index gaining nearly 10 percent for the year and reversing five consecutive years’ of decline.
At the close of trading on Tuesday, the Composite Index lost 10.11 points to end at 1,468.41, on the last day of the year but gained 12.73 percent for 2019. The All T&T Index rose 3.67 points, but ended the year up 9.61 percent for the year at 1,868.97, while the Cross Listed Index declined 3.28 points to close at 144.65 and end out the year with a rise of 19 percent. The Small and Medium Enterprise index dropped over 32 percent for the year at 67.76 points.
Trading ended with just 13 securities changing hands, similar to the number trading on Monday, with seven rising, four declining and two closed with prices unchanged, as 229,238 shares traded at a value of $3,637,335 compared to 169,650 shares trading at $2,829,522 on Tuesday. The market had two stocks hitting 52 weeks’ high at the close of trading.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of five stocks higher than their last selling prices and three with lower offers.
Gains| Agostini’s concluded trading of 500 units with a gain of $1 to close at 52 weeks’ high of $25, Guardian Holdings closed with a gain of 15 cents at $21.65, with 5,331 stock units changing hands, National Flour gained 4 cents to end at $1.35, with 27,346 stock units trading. Trinidad & Tobago NGL gained 75 cents in trading 18,298 shares at $24 and West Indian Tobacco added 25 cents and concluded at $41.25, with investors exchanging 1,633 shares.
Losses| First Caribbean International Bank lost 10 cents to end at 52 weeks’ low of $7.90, with 210 stock units changing hands, Grace Kennedy closed with a loss of 5 cents at $3.95, after swapping of 1,000 shares and NCB Financial lost 43 cents to end at $10.86, with 100,000 stock units trading.
Firm Trades| Clico Investment Fund closed at $28.50, exchanging 45,937 units, First Citizens settled at $44.50, with 550 units crossing the exchange, National Enterprises ended at $5.76, trading 25,300 units, Republic Financial closed at $131.10, with 2,898 stock units changing hands and Scotiabank settled at $61, after trading with 250 units.
Prices of securities trading are those at which the last trade took place.
Trading picks upon TTSE
The Trinidad & Tobago Stock Exchange closed trading with mixed indices movement on Monday, as rising stocks outnumbered declining ones as trading picked up from Friday’s levels.
At the close of the market, the Composite Index lost 2.99 points to end at 1,478.52. The All T&T Index rose 1.22 points to 1,865.30 and the Cross Listed Index fell 0.99 points to close at 147.93.
Trading ended with just 13 securities changing hands, against 10 on Friday, with seven rising, four declining and two closed with prices unchanged, as 169,650 shares traded at $2,829,522, compared to 80,428 shares traded at $1,196,495 on Friday. The market had two stocks hitting 52 weeks’ high at the close of trading.
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 four with lower offers.
Gains| Clico Investment Fund concluded trading of 17,026 units with a gain of $1.25 to close at a 52 weeks’ high of $28.50, Ansa McAl rose 20 cents and closed at $55.20, with 1,753 units crossing the exchange. CinemaOne gained 5 cents in closing at $6.55, with 503 units changing hands, Point Lisas added 5 cents and completed trading of 2,000 shares at $3.60, Republic Financial rose 10 cents to close at a 52 weeks’ high of $131.10, after exchanging 3,953 shares. Trinidad & Tobago NGL gained 25 cents trading 5,323 shares at $23.25 and Trinidad Cement rose 5 cents to end at $2, with 1,837 stock units changing hands.
Losses| First Citizens Bank closed 25 cents down at $44.50, with 2,495 units clearing the exchange, JMMB Group declined 25 cents and settled at $2.50, with investors exchanging 33,000 shares, Prestige Holdings closed 25 cents lower at $9, with 50 units crossing the exchange and West Indian Tobacco shed 60 cents t $o end at $41, trading 10,195 units.
Firm Traded| National Enterprises ended at $5.76, with 83,955 stock units changing hands and Scotiabank settled at $61 trading 8,063 units.
Prices of securities trading are those at which the last trade took place.
3 TTSE stocks rise 1 fall
The All Trinidad & Tobago Stock Exchange index closed up on Friday, as rising stocks outnumbered declining ones after the market resumed trading after the Christmas holidays break.
Trading ended with just 10 securities changing hands, against 12 on Tuesday, with three rising advancing, one declining while the prices of six closed unchanged, as 80,428 shares traded at $1,196,495, compared to 125,924 shares traded for $913,114 on Tuesday.
At the close of the market, the Composite Index added 1.15 points to close at 1,481.51. The All T&T Index rose 3.48 points to end at 1,864.08, while the Cross Listed Index declined 0.16 points to close at 148.92.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of six stocks higher than their last selling prices and just two with lower offers.
Gains| Ansa Merchant Bank gained 40 cents and closed at $35.90, with 16,776 units crossing the exchange, Massy Holdings rose $1 and ended at a 52 weeks’ high of $61, with 200 units changing hands and Prestige Holdings gained 75 cents and completed trading of 54 stock units at $9.25.
Losses| West Indian Tobacco fell 41 cents to settle at $41.60, with investors exchanging 39 shares.
Firm Trades| Ansa McAl ended at $55, with 544 stock units trading, First Citizens Bank closed at $44.75, after exchanging 1,360 shares, Guardian Holdings concluded trading of 1,109 shares at $21.50. JMMB Group closed at $2.75 with 45,527 stock units crossing the exchange, Scotiabank completed trading at $61, after exchanging just 8 shares and Trinidad & Tobago NGL had 14,811 shares changing hands at $23.
Prices of securities trading are those at which the last trade took place.