The Jamaica Stock Exchange main market suffered another declined for a fifth consecutive day on Friday, with reduced volume but with a much higher value than on Thursday as the main market goes through a mild correction of 5 percent.
Trading ended with 40 securities changing hands in the main and US dollar markets with 10 stocks advancing, 22 declining and 8 stocks trading firm. The market closed with the JSE All Jamaican Composite Index falling 3,525.47 points to close at 552,794.42. The JSE Index dropped 3,108.66 points to 506,336.57 and the JSE Financial Index lost 0.95 points to close at 137.34.
Main market activity ended with 37 securities trading resulting in 11,554,366 units valued at $237,158,383, in contrast to 15,417,353 units valued at $67,593,610 from 36 securities trading on Thursday.
Wigton Windfarm led trading with 5.2 million units for 45 percent of total volume, followed by Barita Investments with 2 million shares for 17 percent of the market’s trade and QWI Investments with 1.6 million units accounting for 14 percent of the day’s trade. The only other stock trading more than a million units was Sagicor Select Funds with 1.1 million shares.
The Market closed with an average of 312,280 units valued at $6,409,686 for each security traded, in contrast to 453,452 units for an average of $1,988,047 on Thursday. The average volume and value for the month to date amounts to 964,884 shares for $9,843,232 for each security traded and previously 1,041,055 shares at $10,293,733 for each stock traded. The market closed out September with an average of 1,585,081 units valued at $14,071,562 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 securities ended with bids higher than their last selling prices and 2 with lower offers. The PE ratio of the market ended at 16.4 with the main market ending at 17 times 2019 current year’s earnings.
In main market activity, Berger lost 50 cents to close at $18.10, in the swapping of 1,600 shares, Caribbean Cement closed 69 cents lower after 7,462 shares changed hands to end at $76.81, Eppley Caribbean Fund jumped $4, after exchanging 2,448 shares, to close at $39. Jamaica Stock Exchange slid 99 cents in closing at $28.99 as 23,121 shares changed hands, JMMB Group traded 74,042 shares gaining 90 cents to end at $43, Kingston Wharves closed $2.59 higher to settle at $60, after exchanging a mere 500 shares. Mayberry Equities lost 35 cents to close at $11.15 with 6,700 shares traded, NCB Financial plummeted $5.50 to close at $202 while exchanging 142,640 units, PanJam Investment lost 90 cents and ended at $102.10 after 67,595 shares crossed the exchange. Sagicor Group traded 37,028 shares in losing $1.10 to close at $67.90, Scotia Group closed $2.98 lower in exchanging 231,475 shares to end at $57.01, Seprod gained $1.50 to end at $52 with an exchange of 23,087 shares and Supreme Ventures lost 50 cents to settle at $27 with 74,136 shares trading.
Trading in the US dollar market ended with 157,383 units valued at $40,043 and the market index fell by 3.04 points to close at 196.47. Margaritaville lost 3 cents and closed at 25 US cents with 3,856 shares changing hands, Proven Investments fell half a cent and exchanged 139,727 shares, to close at 26.51 US cents and Sygnus Credit Investments traded 13,800 units to inched higher from 13.9 US cents to end at 13.91 US cents.
4 TTSE stocks rise 3 fall – Friday
Trinidad & Tobago Stock Exchange ended trading on Friday with 13 securities changing hands compared to 13 on Thursday but volume and value traded fell well below Thursday’s levels.
At close of the market, 4 stocks rose, 3 declined and 6 remained unchanged resulting in the Composite Index dropped 2.63 points to end at 1,406.27. The All T&T Index declined 3.93 points to 1,750.55, while the Cross Listed Index slipped 0.18 points to close at 143.97.
Trading ended with, as 87,082 shares changing hands at $2,472,299, compared to 134,220 shares changing hands at $6,588,966 on Thursday.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 5 stocks closing with the bid higher than the last selling price and 2 with lower offers.
Gains| Clico Investment Fund rose 1 cent and closed at $24.01, with investors exchanging 35,394 shares, Sagicor Financial added 1 cent and completed trading at $10.51, with 975 units crossing the exchange. Trinidad & Tobago NGL exchanged 21,136 units and rose 8 cents to close at $25.58 and Unilever Caribbean increased 5 cents and settled at $24.55, with 185 units trading.
Losses| JMMB Group fell 5 cents and ended at $2.15, after exchanging 490 shares, Scotiabank lost 25 cents and settled at $59 after swapping 1,500 shares and West Indian Tobacco shed 50 cents and concluded trading of 7,342 units at $104.50.
Firm Trades| Angostura Holdings ended at $16.05, with 100 stock units changing hands, Ansa McAl completed trading with 1,620 units at $55, CinemaOne ended at $8, with investors exchanging 76 shares. First Citizens Bank settled at $40.20, with 2,050 units crossing the exchange, Massy Holdings completed trading of 45 units at $54.55 and Trinidad Cement ended at $2.04, with 16,245 units crossing the exchange.
Prices of securities trading are those at which the last trade took place.
4 TTSE stocks rise 4 fall – Thursday
Trinidad & Tobago Stock Exchange ended trading on Thursday with 10 securities changing hands compared to 18 on Wednesday but volume and value traded rose strongly over Wednesday’s levels.
At the close of the market, 4 stocks rose, 4 declined and 2 remained unchanged resulting in the Composite Index added 0.14 points to end at 1,408.90. The All T&T Index rose 2.79 points to 1,754.48, while the Cross Listed Index shed 0.35 points to close at 144.15.
Trading ended with, as 134,220 shares changing hands at $6,588,966, compared to 79,629 shares changing hands at $1,539,070 on Wednesday.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 6 stocks closing with the bid higher than the last selling price and 2 with lower offers.
Gains| Guardian Holdings added 15 cents and ended at $18.30, with 4,052 stock units changing hands, Massy Holdings gained 3 cents and ended at $54.55, trading 104,474 units, Republic Financial rose $1.11 and settled at $123, with 3,774 stock units changing hands and West Indian Tobacco settled at $105, with 500 units crossing the exchange.
Losses| First Citizens Bank fell 5 cents and completed trading of 554 units at $40.20, Guardian Media closed with a loss of 10 cents and completed trading of 825 shares at a 52 weeks’ low of $8.50. NCB Financial shed 5 cents and settled at $10.50, in swapping of 15,206 shares and Trinidad & Tobago NGL exchanged 4,000 units and shed 10 cents to close at $25.50.
Firm Trades| Calypso Micro Index Fund traded 320 shares and closed unchanged at $15.75 and Sagicor Financial ended at $10.50, with 515 units.
Prices of securities trading are those at which the last trade took place.
8 TTSE stocks fall 3 rise – Wednesday
Trinidad & Tobago Stock Exchange ended trading on Wednesday 18 securities changing hands compared to 19 on Tuesday but the volume and value traded declined sharply below Tuesday’s levels.
At the close of the market, 3 stocks rose, 8 declined and 7 remained unchanged resulting in the Composite Index slipping 0.62 points to end at 1,408.76. The All T&T Index gained 0.46 points to 1,751.69, while the Cross Listed Index shed 0.24 points to close at 144.50.
Trading ended with, as 79,629 shares changing hands at $1,539,070, compared to 418,052 shares changing hands at $12,253,099 on Tuesday.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 5 stocks closing with the bid higher than the last selling price and one with a lower offer.
Gains| First Citizens gained 5 cents to end at $40.25, with 1,055 units crossing the exchange, Scotiabank added 45 cents and ended at $59.25, with an exchange of 8,018 stock units and Trinidad & Tobago NGL exchanged 750 units and gained 10 cents to close at $25.60.
Losses| Calypso Micro Index Fund traded 80 shares and closed at $15.75, Clico Investment Fund shed 10 cents and ended at $24, swapping of 11,279 shares, Guardian Holdings declined 10 cents and settled at $18.15, with 12,000 units crossing the exchange. Guardian Media ended trading of 1,718 shares after slipping 10 cents to close at a 52 weeks’ low of $8.60, NCB Financial closed with a loss of 4 cents and ended at $10.55, with investors exchanging 10,000 stock units, Republic Financial closed 11 cents down and ended at $121.89, after exchanging 1,428 shares. Unilever Caribbean dropped 50 cents and ended at $24.50, in swapping 120 shares and West Indian Tobacco shed 2 cents and ended at $104, with 50 units crossing the exchange.
Firm Trades| Ansa McAl settled at $55, after swapping of 399 shares, First Caribbean closed at $9.25, with an exchange of 507 units, LJ Williams completed trading at $1, with investors exchanging 8,000 shares, National Enterprises closed at $5.70, with 7,600 stock units changing hands. National Flour settled at $1.56, with 1,000 units trading, Sagicor Financial completed trading of 10,985 stock units at $10.50 and Trinidad Cement settled at $2.04, with 4,640 units crossing the exchange.
Prices of securities trading are those at which the last trade took place.