Stock Market — Page 524

Bull run now on for Junior Market

July 24, 2019 by IC Insider.com

Junior Market turns bullish

The Jamaica Stock Exchange Junior Market Index climbed 42.55 points to close at 3,232.43 on Wednesday and sits just 0.4 percent below the opening level for the year and just slightly lower than the close on January 23.
The Junior Market lagged the main market in performance this year but is severely undervalued and is now poised to rise sharply with technical indicators pointing to a big rally around the corner.
Blue Power jumped to a 52 weeks’ intraday high of $11.50 while Elite Diagnostic closed trading at a 52 weeks’ high at $5.50 but Main Event that traded at an intraday 52 weeks’ high of $8 dropped back by the close.
The market closed with 27 securities changing hands, compared to 31 on Tuesday, resulting in the prices of 16 rising, 6 declining and 5 remaining unchanged.
Trading picked up over Tuesday’s levels with an exchange of 2,728,440 units valued at $14,270,901, compared to 6,303,420 units valued at $17,549,511, on Tuesday.
Trading ended with an average of 101,053 units for an average of $528,552 in contrast to 203,336 units for an average of $566,113 on Tuesday. The average volume and value for the month to date amounts to 94,629 units with a value of $334,761 for each security traded, compared to 94,283 units with a value of $324,317 traded previously. June ended with an average of 166,169 units at $674,841 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks closing with bids higher than their last selling prices and one closed with a lower offer.
Stocks ending with price changes| AMG Packaging ended market activity exchanging 56,259 shares to close at $2.25 after falling 5 cents, CAC 2000 ended trading with 100 shares, after rising 5 cents to end at $15, Dolphin Cove ended trading with 9,576 shares, after rising 20 cents to end at $12.05. Derrimon Trading exchanged 1,000 shares, after rising 37 cents to end at $2.56, Express Catering ended trading with 33,460 shares, after rising 15 cents to end at $6.30, Everything Fresh closed trading of 180,726 units and gained 15 cents to end at $1.45. Elite Diagnostic ended trading with 37,273 shares, after rising 50 cents to end at an all-time high of $5.50, Fosrich Group lost 3 cents in trading 428,299 shares to close at $4.69, Fontana traded 1,010,686 units and gained 40 cents to end at $8.85. General Accident closed 20 cents higher at $4.35, with 5,478 stock units trading, GWest Corporation closed trading of 100,071 units and gained 25 cents to end at $1.25. Honey Bun climbed $1.05 to settle at $6.05 with 600 shares changing hands, iCreate ended trading with 107,252 shares, after rising 4 cents to close at 70 cents. Indies Pharma closed trading of 206,367 units with a gain of 1 cent to end at $3.03, Jamaican Teas ended with a loss of 1 cent at 4.29 with 60,944 stock units changing hands. Knutsford Express fell 10 cents in trading of 17,468 units at $10.90, Key Insurance gained $1.05 to end at $3.90, trading 800 shares, Lasco Distributors dipped 5 cents in trading of 71,140 units at $3.10, Lasco Financial lost 2 cents in trading of 29,954 units at $4.58. Main Event closed 50 cents higher at $7.50, with 13,923 stock units trading, Paramount Trading climbed 8 cents in exchanging 186,147 shares at $1.87, Stationery and Office Supplies traded 100 units and gained 30 cents to end at $10 and tTech lost 15 cents in trading of 28,000 units at $5.10.

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, 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, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Paramount Trading, Stationery and Office, Trading Activity, tTech

4 TTSE stocks rose 5 fell – Wednesday

July 24, 2019 by IC Insider.com

Trading activity slipped on the Trinidad & Tobago Stock Exchange on Wednesday, with 167,098 shares traded for $1,432,757, compared to 173,024 shares traded for $3,033,612, on Tuesday.
Market activity ended with 17 securities changing hands against 17 on Tuesday, at the close, 4 advanced, 5 declined and 8 remained unchanged. One stock closed at a 52 weeks’ high and one at a 52 weeks’ low.
At the close of the market, the Composite Index shed 3.31 points to close at 1,382.26. The All T&T Index dropped 7.66 points to end at 1,777.92 while the Cross Listed Index rose 0.16 points to close at 133.46.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended at 4 stocks with bids that were higher than their last selling prices and one with a lower offer.
Gains| Grace Kennedy concluded trading 5 cents and concluded at $3.30, after exchanging 3,200 shares, JMMB Group increased by 1 cent and settled at $2.50, with investors exchanging 113,700 shares. Point Lisas closed with a gain of 13 cents at a 52 weeks’ high of $3.75 after exchanging 5,000 shares and West Indian Tobacco gained 2 cents and ended at $110.27 after exchanging 3,317 shares.
Losses| Angostura Holdings fell 21 cents and ended at $15.79, after exchanging 3,960 shares, National Enterprises closed with a loss of 30 cents at $6.20, with 500 units, Republic Financial gained 19 cents to close at $121.01, with 692 units crossing the exchange. Scotiabank shed 48 cents and ended at a 52 weeks’ low of $59.51 in swapping 700 shares and Trinidad Cement dropped 3 cents trading 13,691 shares at $2.45.
Firm Trades| Calypso Macro Index Fund traded just 40 shares at $14, Clico Investments concluded at $24.20, with investors exchanging 19,735 shares, Ansa Merchant Bank settled at $36, with 100 stock units changing hands, First Citizens Bank settled at $40, with 368 stock units changing hands. Massy Holdings concluded at $55.05 with 245 units crossing the exchange, One Caribbean Media ended at $10.10, with investors exchanging 1,025 shares, Sagicor Financial completed trading of 779 units at $10.01 and Trinidad & Tobago NGL traded 46 units to close at $28.25.

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

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, Ansa Merchant Bank, Calypso Macro Index Fund, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, National Enterprises, One Caribbean Media, Point Lisas, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, West Indian Tobacco

33rd record close for JSE main market – Tuesday

July 23, 2019 by IC Insider.com

The Jamaica Stock Exchange All Jamaican Composite Index closed on Tuesday above 550,000 points for the first time and gained 32 percent for 2019, in recording the 33^rd record close for the year.
The JSE All Jamaican Composite Index gained 5,830.56 points to close at 550,724.04, the JSE Index advanced 5,298.45 points to close at record 501,452.57 and the JSE Financial Index rose 0.21 points in closing at 133.94.
Market activity, resulted in 39 securities trading in the main and US dollar markets, leading to 16 securities advancing, 11 declining and 12 trading firm, compared to 38 securities trading on Monday. Trading ended with 38,095,627 units valued at over $143,483,167 compared to 54,623,895 units priced at $307,245,305 changing hands on Monday.
Wigton Windfarm dominated trading with 33.9 million shares for 89 percent of total main market volume, Radio Jamaica followed with 983,084 units for 2.6 percent of total volume and Victoria Mutual Investments with 742,405 shares for 2 percent of the day’s volume.
The market closed with average of 1,088,446 units valued at an average of $4,099,519 for each security traded, in contrast to 1,560,683 units for an average of $8,778,437 on Monday. The average volume and value for the month to date amounts to 1,186,012 shares valued at $13,418,896 changing hands, compared to 1,192,045 shares valued at $14,027,438 for each security traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
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 2 with lower offers.
In the main market activity, Barita Investments climbed $2.50 to settle at $74 with 65,997 shares changing hands, Grace Kennedy dropped $2.50 in trading 11,490 units to close at $70, Jamaica Broilers closed trading of 33,803 units and gained 50 cents to end at $33.50, JMMB Group gained $3 to end at $54 with 116,750 stock units trading. Jamaica Producers climbed $1.35 to end at $28 with 8,971 stock units trading, Kingston Properties lost 25 cents in trading 21,929 shares to close at $5.50, Mayberry Investments ended trading with 19,800 shares, after rising 44 cents to end at $8.60, NCB Financial gained $2 to end at $216, trading 117,842 shares. PanJam Investment dropped $4 in trading of 88,191 units to close at $95. Salada Foods gained $1 to end at $37, trading a mere 100 shares, Sagicor Group gained $1.50, to end at trading 505,581 shares $56, Seprod gained $1.55 to end at $48.55 with 10,673 stock units trading. Scotia Group lost 70 cents in trading of 13,881 units at $ 56.25, Sterling Investments closed 38 cents higher at $3.58, with 70,700 stock units trading, Sygnus Credit Investments jumped $1.40 to end at $15.90 trading 47,602 shares and Wisynco Group climbed $1.49 to settle at a record close of $24.50 with 203,282 shares changing hands.
Trading in the US securities market resulted in 267,836 units valued at $56,931 changing hands. Market activity ended with Margaritaville trading 1,463 units at 25 US cents, Proven Investments lost 1 cent in trading 208,782 shares, to close at 24.02 US cents. Sterling Investments fell 0.003 cent to close at 0.037 US cents with 16,091 stock units trading and Sygnus Credit Investments closed with 41,500 units changing hands at 10 US cents after falling half a cent. The JSE USD Equities Index fell 3.71 points to close at 186.33.

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

2019 Junior Market losses almost cleared

July 23, 2019 by IC Insider.com

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The Jamaica Stock Exchange Junior Market Index rose 38.69 points to close at 3,189.88 on Tuesday and sits just 1.8 percent below the opening level for the year and just slightly lower than the close on January 23.
Blue Power jumped to a 52 weeks’ intraday high of $10 while Elite Diagnostic traded at a 52 weeks’ high of $5.20 but pulled back to $5 at the close.
The market closed on Tuesday with 31 securities changing hands, compared to 28 on Monday, resulting in the prices of 11 rising 10 declining and 7 remaining unchanged.
Trading picked up over Monday’s levels with an exchange of 6,303,420 units valued at $17,549,511, compared to 2,560,330 units priced at $11,043,949 on Monday.
Trading ended with an average of 203,336 units at $566,113 for each security traded, in contrast to 91,440 units for an average of $394,427 on Monday. The average volume and value for the month to date amounts to 94,283 units with a value of $324,317 for each security traded, compared to 87,090 units with a value of $308,369 traded previously. June ended with an average of 166,169 units at $674,841 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks closing with bids higher than their last selling prices and one closed with a lower offer.
Stocks ending with price changes| Access Financial gained $1.45 to end at $47.95, trading 1,093 shares, Access Financial gained $47.95 to end at $1.45, trading 1,093 shares, AMG Packaging exchanged 89,626 shares to close at $2.30 after falling 13 cents, Blue Power gained $2.01 to end at record high of $10 trading 2,100 stock units. Derrimon Trading lost 37 cents trading of 4,953,267 units at $2.19, Express Catering closed trading of 82,000 units and gained 34 cents to end at $6.15, Elite Diagnostic ended market activity exchanging 23,000 shares to close at $5 after falling 15 cents, Fosrich Group climbed 4 cents and exchanged 23,155 shares at $4.72. Fontana gained $1.14 to end at $8.45 with 355,933 stock units trading, General Accident dipped 23 cents in trading of 64,972 units at $4.15, iCreate closed trading of 102,500 units and gained 6 cents to end at 66 cents, ISP Finance fell 20 cents in trading of 3,783 units to end at $13.65. Jamaican Teas lost 13 cents in trading 100 shares to close at $4.30, Jetcon Corporation exchanged 73,886 shares to close at $1.60 after falling 20 cents, Lasco Distributors dipped 18 cents in trading of 55,300 units at $3.15, Lasco Manufacturing shed 8 cents in trading of 29,235 units at $4.20. Medical Disposables closed trading of 53,095 units and gained 30 cents to end at $7. Main Event climbed 45 cents and exchanged 12,176 shares at $7, Ironrock Insurance climbed 4 cents and exchanged 500 shares at $3.57, Stationery and Office Supplies climbed 69 cents and exchanged 26,328 shares to end at $9.70 and tTech Limited ended trading of 62,382 shares, after rising 15 cents to end at $5.25.

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, 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, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity, tTech

5 TTSE stocks rose 3 fell – Tuesday

July 23, 2019 by IC Insider.com

Trinidad & Tobago Stock Exchange Head Quarters

Trading activity dipped on the Trinidad & Tobago Stock Exchange on Tuesday, with 173,024 shares traded for $3,033,612, compared to 356,315 shares traded for $5,188,297, on Monday.
Market activity ended with 14 securities changing hands against 17 on Monday, at the close, 5 advanced, 3 declined and 5 remained unchanged. Three stocks closed at a 52 weeks’ lows.
At the close of the market, the Composite Index added 0.13 points to close at 1,385.57. The All T&T Index gained 0.64 points to end at 1,785.58, while the Cross Listed Index declined 0.05 points to close at 133.30.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended at 3 stocks with bids that were higher than their last selling prices and one with a lower offer.
Gains| Angostura Holdings concluded trading 21 cents and ended at $16, swapping of 6,203 shares, Ansa McAl added 3 cents and completed trading at $55.21, after exchanging 277 shares, Republic Financial increased 19 cents and concluded at $121.20, with investors exchanging 20 shares. Sagicor Financial added 1 cent and completed trading at $10.01, with 4,753 units crossing the exchange and Trinidad Cement closed with an increase of 3 cents to settle at $2.48, with 600 stock units changing hands.
Losses| First Caribbean International Bank closed with a loss of 1 cent and completed trading of 1,000 units at $8.34, National Flour fell 1 cent and ended at $1.69, after exchanging 5,000 shares and Prestige Holdings closed 25 cents down to $9, with 1,000 stock units changing hands.
Firm Trades| Ansa Merchant Bank settled at $36, with an exchange of 30 units, First Citizens Bank ended at $40, in trading 1,153 units, Guardian Holdings settled at $18.25, after exchanging 152,004 shares. Guardian Media closed trading of 400 units at $11, Unilever Caribbean ended at $25, with 84 units crossing the exchange and Trinidad & Tobago NGL traded 500 units to close at $28.25.

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, Ansa Mcal, Ansa Merchant Bank, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Guardian Holdings, National Flour, One Caribbean Media, Prestige Holdings, Republic Financial Holdings, Sagicor Financial, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean

Gains for JSE main market – Monday

July 22, 2019 by IC Insider.com

Wisynco ended at a record close on Monday.

The Jamaica Stock Exchange main market closed higher on Monday as advancing stocks outnumbered declining ones and with 2 stocks hitting 52 weeks’ highs.
The JSE All Jamaican Composite Index gained 2,026.67 points to close at 544,893.48, the JSE Index advanced 1,841.71 points to close at 496,154.12 and the JSE Financial Index rose 0.20 points in closing at 133.73.
Market activity, resulted in 38 securities trading in the main and US dollar markets, leading to 14 securities advancing, 11 declining and 13 trading firm, compared to 33 securities trading on Friday. Trading ended with 54,623,895 units priced at $307,245,305 compared to 18,037,703 units amounting to $151,247,321 changing hands on Friday.
Wigton Windfarm dominated trading with 48 million shares for 88 percent of total main market volume, Seprod followed with 4.2 million units for 8 percent of total volume and Mayberry Jamaican Equities with 476,988 shares for just under 1 percent of the day’s volume.
The market closed with average of 1,560,683 units at $8,778,437 for each security traded. In contrast to 601,257 units for an average of $5,041,577 on Friday. The average volume and value for the month to date amounts to 1,192,045 shares valued at $14,027,438 changing hands, compared to 1,167,747 shares valued at $14,394,134 for each security traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and one with a lower offer.
In the main market activity, Barita Investments lost 50 cents to end at $71.50, in trading 47,744 shares, Grace Kennedy climbed 50 cents in trading 40,197 units, to end at $72.50, Jamaica Producers declined $1.35 in trading 45,583 shares to close at $26.65. Jamaica Stock Exchange climbed $2 trading 202,800 units to end at a 52 weeks’ closing high of $40, JMMB Group slipped $2 to end at $51 with an exchange of 154,329 shares. Kingston Wharves traded 3,927 shares and gained $2 to close at $70, Mayberry Investments lost 34 cents trading 26,430 shares at $8.16, Mayberry Jamaican Equities traded 476,988 shares and gained 48 cents to end at $12, NCB Financial fell $1 in exchanging 86,395 shares to close at $214, PanJam Investment rose $4 in trading 28,065 stock units at $99. Sagicor Group traded 12,978 shares after rising $1 in closing at $54.50, Scotia Group exchanged 8,603 shares with a gain of 93 cents to end at $56.95. Seprod rose $1 in trading 4,234,220 to close at $47, Sterling exchanged 78,341 with a fall of 38 cents to close at $3.20, Supreme Ventures lost 90 cents in trading 61,281 in closing at $27 Sygnus Credit Investments traded 38,090 shares and lost 50 cents in closing at $14.50 and Wisynco Group climbed $2.01 in trading 174,156 shares to end at record close of $23.01.
Trading in the US securities market resulted in 125,885 units valued at US$30,649 changing hands. Market activity ended with JMMB Group 5.75% preference shares traded 6,210 units at US$2, Margaritaville closed trading with 1,109 units at 25 US cents, Proven Investments lost 0.05 cent in trading 114,997 shares to close at 25.02 US cents and Sygnus Credit Investments closed with 9,779 units changing hands at 10.5 US cents after falling 1.49 cents. The JSE USD Equities Index fell 2.02 points and closed at 190.04.

More gains for Junior Market – Monday

July 22, 2019 by IC Insider.com

The Jamaica Stock Exchange Junior Market Index rose 24.98 points to 3,151.19 on Monday as rising stocks edged out declining ones.
The market closed on Monday with 28 securities changing hands, compared to 31 on Friday, resulting in the prices of 11 rising, 10 declining and 7 remaining unchanged with two companies ended at 52 weeks’ high and two at 52 weeks’ low.
At the close of market activities, an exchange of 2,560,330 units priced at $11,043,949 compared to 2,453,740 units valued at $12,590,576 on Friday.
Trading ended with an average of 91,440 units for an average of $394,427 in contrast to 79,153 units for an average of $406,148 on Friday. The average volume and value for the month to date amounts to 87,090 units with a value of $308,369 for each security traded, compared to 86,814 units with a value of $302,918 traded previously. June ended with an average of 166,169 units at $674,841 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks closing with bids higher than their last selling prices and 3 closed with lower offers.
Stocks ending with price changes| Access Financial gained $3.3 to end at 46.50 with 1,400 stock units trading, AMG Packaging traded 157,887 shares, after rising 13 cents to end at $2.43, Blue Power jumped $1.49 to end at 52 weeks’ high of $7.99 with 11,000 stock units trading. Caribbean Cream ended trading with 25,000 shares, after rising 4 cents to end at $5.05, Caribbean Producers climbed 5 cents in exchanging 1,000 shares at $4.79, Consolidated Bakeries ended trading with 72,198 shares, after rising 1 cent to end at $1.80. Dolphin Cove lost 15 cents in trading 1,047 shares to close at $11.85, Derrimon Trading closed with a loss of 4 cents at $2.56, in swapping of 117,800 shares. Express Catering declined by 40 cents in trading of 106,107 units to end at a 52 weeks’ low of $5.81, Elite Diagnostic ended trading with 20,130 shares, after rising 15 cents to end at a record high of $5.15, Fosrich Group declined 23 cents in trading 125,471 units to settle at $4.68. Fontana dipped 10 cents trading 675,620 shares to close at 7.31 cents, General Accident closed 28 cents higher at $4.38, with 3,505 stock units trading, GWest Corporation ended trading with 96,535 shares, after rising 4 cents to end at $1, Honey Bun lost $1.05 cents in trading of 15,660 units at $5. iCreate Limited declined by 10 cents to settle at record low of 60 cents, in trading of 118,800 units, Jamaican Teas ended with a loss of 1 cent at $4.43 with 7,762 stock units changing hands, Lasco Distributors ended trading with 354,542 shares, after rising 13 cents to end at $3.30. Lasco Manufacturing exchanged 243,393 shares after rising 8 cents, to end at $4.28. Main Event lost 15 cents in trading of 13,570 units to close at $6.55 and Paramount Trading ended with a loss of 1 cent at 1.79 with 5,000 stock units changing hands.

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, 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, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity

7 TTSE stocks fall 3 gain – Monday

July 22, 2019 by IC Insider.com

Trading activity picked up somewhat on the Trinidad & Tobago Stock Exchange on Monday, with 356,315 shares traded for $5,188,297, compared to just 97,986 shares traded for a mere $1,303,774, on Friday.
Market activity ended with 17 securities changing hands against 15 on Friday, at the close, 3 advanced, 7 declined and 7 remained unchanged. Three stocks closed at a 52 weeks’ lows.
At close of the market, the Composite Index added 0.34 points to end at 1,385.44. The All T&T Index dropped 4.80 points to 1,784.94, while the Cross Listed Index gained 0.77 points to close at 133.35.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended at 5 stocks with bids that were higher than their last selling prices and 2 with lower offers.
Gains| First Caribbean International Bank traded 5,000 shares after rising 3 cents to close at $8.35, Grace Kennedy added 5 cents and completed trading at $3.25, with 41,695 stock units changing hands and NCB Financial rose 5 cents and ended at $9.40, with 130,229 stock units crossing the exchange.
Losses| Ansa Merchant Bank closed with a loss of 1 cent and ended at a 52 weeks’ low of $36, in swapping of a mere 3 shares, Guardian Holdings closed with a loss of 15 cents and settled at $18.25, with 48,096 stock units trading. JMMB Group closed 1 cent lower and completed trading of 6,650 stock units at $2.49, Massy Holdings fell 4 cents to $55.05, with 1,888 stock units changing hands, National Enterprises closed with a loss of 15 cents and ended trading at a 52 weeks’ low of $6.50, with 10,445 units crossing the exchange. Scotiabank ended with a loss of 1 cent trading 8,502 shares to close at a 52 weeks’ low of $59.99 and Trinidad & Tobago NGL lost 75 cents in trading of 3,019 units to close at $28.25.
Firm Trades| Clico Investment Funds completed trading at $24.20, with 66,613 units crossing the exchange, First Citizens Bank ended at $40, in exchanging of 2,334 shares, National Flour settled at $1.70, after exchanging 5,580 shares. Prestige Holdings ended at $9.25, while swapping just 9 shares, Republic Financial completed trading of 1,307 units at $121.01, Sagicor Financial settled at $10, with 24,857 shares changing hands and Unilever Caribbean settled at $25, trading 88 units.

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

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Merchant Bank, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, National Enterprises, National Flour, NCB Financial Group, Prestige Holdings, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean

Market Watch spotlight on NCB

July 22, 2019 by IC Insider.com

NCB Financial third results are due on Thursday that could determine the direction for the stock on Friday and into the week following, as such this is the prime candidate to watch.
Barita Investments pulled back from the record high of $83 at the close of the previous week to $72 with good volume changing hands. Barita released details of the resolution for the extraordinary meeting for the proposed rights issue that will amount to 106 million shares that works out at one share for each 15 held.
Results for Caribbean Cement should be out by the weekend but reports indicates that the company announced local sales of 950,000 tonnes for 2019 that would represent an eight percent increase over 2018. That increase plus price increases implemented last year along with cost reduction will result in a big boost to profit.
Neither NCB or Carib Cement, have much volume of stocks selling currently, accordingly positive results could move them higher. Jamaica Broilers and Jamaica Producers may not break out just now but there is very limited selling and good news could push them higher at any time. Jamaica Stock Exchange closed at a 52 weeks’ high of $38 on Friday but there is little volume on sale and that could encourage more gains for the stock, especially as some investors equate increased trading volume since Wigton Windfarm was listed, with increasing revenues and profit for the exchange. Radio Jamaica hit a 52 weeks’ high of $1.40, on Friday on increased buying interest but some selling came in to move the price down to $1.24. At the close just over 1 million units were on sale at $1.24.

Caribbean Cement Q2 results expected before end of July

Sygnus Credit Investments is coming into its own with limited supply of the stock for sale, the price retreated during the past week and may not move much in the week, investors should continue to watch it. Wisynco Group came back into the spotlight with demand pushing the price to a record high at $21. At the close on Friday, there was limited volume on offer that could result in more gains for the stock.
Blue Power has just one offer on sale at the close on Friday but buying has increased with the proposed split up of the company into two separate ones. Caribbean Flavours has limited supply of stocks for sale and is worth watching. Fontana hit at a new high of $9 on Friday, but selling pushed the price down, to close at $7.41, but the price may fall further before resuming its upward climb with the pending opening of the new Kingston branch, in September. Stationery and Office Supplies still has little supply offered for sale and could break over the $10 barrier at any time, especially with the June quarter results due out in weeks. Elite Diagnostic with rising demand and slowing supplies could bounce, having traded at $5. The company’s new Drax Hall branch in St Ann is set to open in August and will add to revenues and profit at a later stage. Elite has more than 387,000 units on offer at $5 and that could constrain upward price movement for some time. Lasco Financial price bounces around $4.50. The stock is undervalued and could see increased buying interest, ahead of the June quarter results that could be released at any time, In 2018, first quarter results were releases on the 17 of July. Lasco Manufacturing released first quarter numbers on the 31 of July last year and Lasco Distributors released theirs on the 19. The results could move prices of the stocks higher.

Filed Under: Stock Market, Stocks to watch Tagged With: Barita Investments, Blue Power, Caribbean Cement, Caribbean Flavours, Drax Hall, Elite Diagnosti, Fontana, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Lasco Financial, Lasco Manufacturing, NCB Financial, Radio Jamaica, Stationery and Office Supplies, Wigton Windfarm

Gains for JSE main market – Friday

July 19, 2019 by IC Insider.com

Wisynco Group traded at an all-time high of $21.

The Jamaica Stock Exchange main market closed higher on Friday as advancing stocks edged out declining ones and 3 stocks hit 52 weeks’ highs.
The JSE All Jamaican Composite Index gained 1,350.02 points to 542,866.81, the JSE Index advanced by 1,226.82 points to close at 494,312.41 and the JSE Financial Index rose 0.38 points in closing at 133.53.
Market activity resulted in 33 securities trading in the main and US dollar markets, leading to 12 securities advancing, 10 declining and 11 trading firm, compared to 32 securities trading on Thursday. Trading ended with 18,037,703 units amounting to $151,247,321 compared to 16,823,129 units valued at $203,619,459 changing hands on Thursday.
Wigton Windfarm led trading with 10.7 million shares for 59 percent of total main market volume, Mayberry Jamaican Equities followed with 2.7 million stock units for 15 percent of total volume and Radio Jamaica with 1.97 million shares for 11 percent of the day’s volume.
The market closed with average of 601,257 units valued at an average of $5,041,577 for each security traded. In contrast to 525,723 units for an average of $6,363,108 on Thursday. The average volume and value for the month to date amounts to 1,167,747 shares valued at $14,394,134 changing hands, compared to 1,201,668 shares valued at $14,989,839 for each security traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
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.
In the main market activity, Barita Investments dropped $1 to end at $72, in trading 28,198 shares, Eppley traded 13,330 shares and lost 45 cents to close at $16.75, Grace Kennedy climbed $1.98 in trading 8,910 units, to end at $72, Jamaica Broilers traded 48,378 shares and rose 24 cents to end at $33. Jamaica Stock Exchange climbed $3 trading 44,242 units to end at a 52 weeks closing high of $38, JMMB Group slipped 49 cents to end at $53 with an exchange of 64,292 shares. Kingston Wharves traded 1,728 shares and gained $1.10 to $68, Mayberry Investments gained 25 cents trading 41,370 shares at $8.50, NCB Financial rose with a gain of $3 in exchanging 66,354 shares and ended trading at an all-time closing high of $215, PanJam Investment rose 49 cents in trading 576,609 stock units at $95. Portland JSX lost 75 cents, trading 7,800 shares to close at $7.60, Sagicor Group traded 126,854 shares after rising $1.50 in closing at $53.50, Sagicor Real Estate Fund rose $1 trading 22,921 stock units to end at $11, Scotia Group exchanged 7,019 shares with a loss of $1.48 to end at $56.02. Supreme Ventures lost 90 cents in trading 61,281 in closing at $27 and Wisynco Group climbed $1 in trading 174,156 shares to end at $21.
Trading in the US securities market resulted in 53,190 units valued $23,781 changing hands. Market activity ended with JMMB Group 5.75% preference shares traded 6,210 units at US$2, Proven Investments traded 41,810 shares to close at 25.7 US cents and Sygnus Credit Investments closed with 5,170 units changing hands at 11.99 US cents. The JSE USD Equities Index fell 0.07 points and closed at 192.06.