Stock Market — Page 527

New record for JSE main market – Tuesday

July 16, 2019 by IC Insider.com

NCB Financial jumps to record close of $210 on on Tuesday.

Investors pushed the Jamaica Stock Exchange to a new record close on Tuesday, as trading levels remained elevated, with 35 securities changing hands in the main market as two stocks closed at record highs.
The JSE All Jamaican Composite Index jumped 3,818.78 points to end at a record close of 538,636.81, the JSE Index climbed 3,470.27 points to close at record of 490,468.44 and The JSE Financial Index rose 0.57 points in closing at 132.03.
Market activity resulted in 37 securities trading in the main and US dollar markets, leading to 15 securities advancing, 13 declining and 9 trading firm, compared to 36 securities trading on Monday. Trading ended with 21,525,203 units valued $799,361,615, compared to 107,625,972 units valued $2,479,735,496 changing hands on Monday.
Wigton Windfarm led trading with 9.55 million shares for 44 percent of total main market volume, followed by PanJam Investment with 4.3 million stock units for 20 percent of total volume and JMMB Group with 2.6 million shares for 12 percent of the day’s volume. Also trading good volumes were Scotia Group with 2,063,886 shares and Proven Investments that ended at record close and exchanged 2,060,886 shares in the main market. NCB Financial also ended trading at a record close.
The market closed with average of 615,006 units valued at $22,838,903 for each security traded, in contrast to 3,363,312 units valued at $77,491,734 on Monday. The average volume and value for the month to date amounts to 1,314,200 shares valued at $16,495,880 changing hands, compared 1,375,075 shares valued at $15,899,090 for each securities 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 4 with lower offers.
In the main market activity, Barita Investments dropped $3.89 to end at $75, in trading 27,385 shares, Berger Paints traded 35,880 shares with a rise of 80 cents to close at $18.95, Eppley exchanged 250,000 shares and gained 50 cents to end at $16, Grace Kennedy gained $1 trading 85,826 units, to end at $70.01. JMMB Group lost 50 cents to end at $53.50, with an exchange of 2,599,899 shares, Kingston Wharves recovered the $4.16 it lost on Monday, to end trading of 2,200 shares at $70. NCB Financial jumped $9.98 to a new record high of $210 in trading 224,931 units, PanJam Investment declined $2.99 in trading 4,319,799 stock units at $94.51, Sagicor Group rose 49 cents trading 24,809 stock units to end at $54.49. Sagicor Real Estate Fund exchanged 33,700 and gained 64 cents to close at $11.64, Salada Foods climbed $1 to end at $36 in trading 200 shares, Seprod lost $1.85 to close at $45.10 while trading 19,637 shares and Supreme Ventures fell back $2 and ended trading with 31,680 shares to close at $26.
Trading in the US securities market resulted in 1,062,929 units valued at over US$158,026 changing hands. Market activity ended with Proven Investments added 0.7 cent, in trading 2,460 shares to close at 25.7 US cents and Sygnus Credit Investments lost 0.5 cents to 11.95 US cents, in trading 40,450 units. The JSE USD Equities Index advanced by 3.68 points to close at 192.13.

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

Junior Market jumps 63 points

July 16, 2019 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange enjoyed a big bounce on Tuesday with the market Index jumping 63.13 points to close at 3,076.53.
The market closed on Tuesday with 32 securities changing hands compared to 30 trading on Monday, and resulted in an exchange of 2,823,887 units valued at $8,379,276 compared to 2,734,886 units valued at $7,413,545.
At the close of market activities, the prices of 16 securities advanced, 9 declined and 7 remained unchanged. Key Insurance ended at a 52 weeks’ low of $2.85.
Trading ended with an average of 88,246 units for an average of $261,852 in contrast to 91,163 units for an average of $247,118 on Monday. The average volume and value for the month to date amounts to 90,656 shares valued at $$304,347 for each security traded, compared to 90,896 shares valued at $308,570 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 5 stocks ended with bids higher than their last selling prices and 2 closed with lower offers.
Stocks ending with price changes| AMG Packaging closed trading of 55,950 units and gained 16 cents to end at $2.43, Blue Power traded 55,465 shares and jumped 80 cents to end at $6.15,after the company announced that they are considering split the operations into two seperate listed companies. CAC 2000 lost 34 cents in trading 399 units at $12.76. Caribbean Cream fell 13 cents in trading of 31,000 units at $5.43, Cargo Handlers climbed $1.50 to settle at $11 with 6,000 shares changing hands, Caribbean Producers ended trading of 2,110 shares, after rising 3 cents to end at $4.79. Dolphin Cove climbed 25 cents and exchanged 1,005 shares at $12, Derrimon Trading climbed 20 cents and exchanged 400 shares at $2.50, Express Catering closed trading of 2,320 units and gained 40 cents to end at $6.50, Everything Fresh lost 6 cents in trading 780,000 shares to close at $1.30. Fosrich Group ended trading with 31,964 shares, after rising 86 cents to end at $4.96, Fontana ended market activity in exchanging 51,820 shares to close at $6.10 after falling 10 cents, General Accident lost 30 cents in trading of 512,000 units at $3.90, GWest Corporation closed trading of 279,050 units and gained 11 cents to end at 81 cents. Honey Bun closed 5 cents higher at $6, with 29,579 stock units trading, Indies Pharma shed 5 cents in trading of 272,182 units at $3.01, Iron Rock Insurance shed 15 cents in trading of 4,230 units at $3.35, Jamaican Teas ended trading with 250 shares, after rising 4 cents to end at $4.44, Jetcon Corporation gained 10 cents to end at $1.70 with 137,940 stock units trading. Key Insurance lost 5 cents in trading 12,693 shares to close at 52 weeks’ low of $2.85, Lasco Distributors climbed 10 cents in exchanging 38,962 shares at $3.10, Lasco Financial ended trading with 143,000 shares, after rising 21 cents to end at $4.70, Medical Disposables dipped 16 cents in trading of 1,000 units at $6.93. Main Event ended trading with 10,793 shares, after rising 8 cents to end at $6.40 shares and Stationery and closed 35 cents higher at $9.50, with an exchange of 9,573 stock units.
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, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity

Trading picks up on TTSE – Tuesday

July 16, 2019 by IC Insider.com

Trading activity picked up on the Trinidad & Tobago Stock Exchange on Tuesday with 308,036 shares valued $6,367,532 trading, compared to 76,614 shares valued $1,275,582 on Monday.
Market activity ended with 17 securities trading against 14 on Monday. At the close on Tuesday, 6 stocks advanced, 3 declined and 8 remained unchanged.
At close of the market, the Composite Index rose 1.92 points to 1,386.20. The All T&T Index added 1.48 points to 1,789.75, while the Cross Listed Index gained 0.33 points to close at 132.88.
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 2 with lower offers.
Gains| First Citizens Bank increased 7 cents and completed trading at $40.10, in swapping 84 shares, JMMB Group closed with a gain of 5 cents at $2.30, with 8,275 units crossing the exchange, National Flour gained 1 cent to close at $1.71, with an exchange of 50 units. One Caribbean Media increased 5 cents to $10.15, with 147 stock units changing hands, Republic Financial ended at 50 with settled at $121.50, with the trading of 243 units and West Indian Tobacco ended trading with an increase of 2 cents at $110.27, after exchanging 500 shares.
Losses| Angostura Holdings fell 6 cents and ended at $15.99, with investors exchanging 10 shares, Massy Holdings share fell 1 cent to $55.09, with the swapping of 16,356 shares and Trinidad & Tobago NGL declined 50 cents trading 17,232 units to close at $27.50.
Firm trades| Calypso Macro Index Fund closed at $14.50 with 1,960 shares trading, Clico Investment Fund settled at $24.20, with 181,265 units crossing the exchange, First Caribbean International Bank ended at $8.32, with 14,851 stock units changing hands, Prestige Holdings completed trading at $9.25, with 13 units. Sagicor Financial completed trading of 7,175 stock units at $10, Scotiabank settled at $60, with 224 units, Trinidad Cement ended at $2.45, with 54,963 units crossing the exchange and Unilever Caribbean exchanged 4,688 units at $25.

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

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, Calypso Macro Index Fund, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, JMMB Group, Massy Holdings, National Flour, NCB Financial Group, One Caribbean Media, Prestige Holdings, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean, West Indian Tobacco

JSE main market pulls back – Monday

July 15, 2019 by IC Insider.com

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Trading ended with the JSE All Jamaican Composite Index dropped 3,105.25 points to close at 534,818.03, the JSE Index declined 2,821.86 points to close at 486,998.17 and The JSE Financial Index lost 0.85 points in closing at 131.46 points.
Market activity resulted in 36 securities trading in the main and US dollar markets and leading to 12 securities advancing, 13 declining and 11 trading firm, compared to 37 securities trading on Friday. Trading ended with 107,625,972 units valued $2,479,735,496 compared to 21,073,881 units valued $137,343,684 changing hands.
Supreme Ventures dominated trading with 93.84 million shares for 87 percent of total main market volume, followed by Wigton Windfarm with 10.3 million stock units for 10 percent of total volume and Scotia Group with 912,713 shares for just under one percent of the day’s volume.
The market closed with average of 3,363,312 units valued at $77,491,734 for each security traded, in contrast to 619,820 units valued at $4,039,520 on Friday. The average volume and value for the month to date amounts to 1,375,075 shares valued at $15,899,090 changing hands, compared 1,203,120 shares valued at $10,102,136 for each securities 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 9 stocks ended with bids higher than their last selling prices and 4 with lower offers.
In the main market activity, Barita Investments lost $4.11 to end at $78.89, in trading 123,826 shares, Grace Kennedy dropped 99 cents in trading 65,979 units, to end at $69.01, JMMB Group added $1 to end at $54, with 83,968 shares trading, Kingston Wharves lost $4.16 to end trading of 11,134 shares at $65.84. NCB Financial dropped 25 trading 77,186 units to end at $200.02, PanJam Investment declined by $1.50 in trading 37,499 stock units at $97.50, Sagicor Group lost 50 cents trading 169,100 stock units to end at $54. Salada Foods climbed $1.50 to end at $35 in trading 25,000 shares, Supreme Ventures rose $2 and ended trading with 93,843,191 shares to close at $28, Sygnus Credit Investments lost 77 cents to close at $15 while trading 53,303 shares and Wisynco Group exchanged 112,712 shares and gained 35 cents to close at $19.95.
Trading in the US securities market resulted in 1,062,929 units valued at over US$158,026 changing hands. Market activity ended with JMMB Group 6% preference share trading 9,300 units to end at US$1, Proven Investments added 0.7 cent, in trading 225,150 shares to close at 25.70 US cents, Sterling Investments traded 5,000 shares with a rise of 0.03 cent to 0.4 US cents and Sygnus Credit Investments with a rise of 2 cents to 12.49 US cents, in trading 823,479 units. The JSE USD Equities Index declined by 1.51 points to close at 188.45.

Watch Barita Investments again

July 15, 2019 by IC Insider.com

Barita Investments headquarters

Barita Investments rose sharply last week to close at a record high of $83 after posting blockbuster quarterly results, the price could climb higher and is still one to watch.
NCB Financial continues to create waves and seems poised to move higher over the coming months with the next quarter’s earnings due out next week. Investors are eagerly awaiting them.
Caribbean Cement failed to break higher during the past week, with results for the June quarter due out at the end of July, investors could get an incentive to buy the stock more aggressively. Sygnus Credit Investments is coming into its own with limited supply of the stock for sale. Wisynco Group came back into the spotlight with demand pushing the price just under $20.
Fontana that continues to trade around $6, seems poised to slowly move higher as the new Kingston branch, moves closer to opening in September.

Wisynco came into inctreased buying in the past week.

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 ended. Elite Diagnostic with rising demand and slowing supplies seems set to bounce, having traded at $5. The company’s new branch in St Ann is slowing being built just outside of St Anns Bay at Drax Hall and may not be far from completion. Elite has more than 418,000 units on offer at $5 and that could constrain upward price movement for some time, if the selling remains during the week. Lasco Financial price bounces around $4.50. The stock is undervalued and could see increased buying interest, ahead of the June quarter results.
A number of other companies will be releasing 2019 second quarter results, between this week and mid- August that could move prices.

Filed Under: Stock Market, Stocks to watch Tagged With: Barita Investments, Caribbean Cement, Emerging markets, Jamaica Stock Exchange, junior market, Lasco Financial, NCB Financial Group, Wisynco

Watch this one – RJR Group

July 15, 2019 by IC Insider.com

Investors should be watching keenly developments at Radio Jamaica as the company seems poised for a turnaround in its fortunes.
The company today reported to the Jamaica Stock Exchange that a connected party purchased 26.5 million of the company’s shares on July 5, 2019. The trade took place at $1.03 and is very significant, sending a strong message of the group fortunes ahead, but few are watching this one. The RJR purchase may not mean much to most, but IC Insider.com assessment of recent results suggests otherwise.
In November last year, IC insider.com posted an article, captioned “NCB Insiders sending a powerful message.” The article highlighted the fact that some directors and executives at NCB Financial Group see big things ahead, to have put down $650 million in buying a block of 4,793,610 shares close to the highest price it traded at in recent times. Since then the stock rose from $136 to more than $200 for a gain of 47 percent, with more to come.
RJR Group, reported profits that more than doubled in the December quarter from $79 million to $168 million on revenues that climbed from $1.39 billion to $1.5 billion but for the year to March this year, the group reported a small loss of $22 million thus reversing the profit of $34 million at the end of December 2018. Operating revenues rose an attractive 9.7 percent in the March quarter to reach $1.29 billion, segment results show that revenues grew 5.3 percent for television, 7.4 percent for radio and 8.2 percent for print in the March quarter over the prior year’s March quarter. Some cost incurred in the 2019 fiscal year will not repeat in 2020, while income as a result of the World Cup football, will not recur. The group lost around $40 million in doing world cup coverage and that loss will disappear in 2020. RJR ended the year with shareholders’ equity of $2.35 billion, borrowings of $387 million. Current assets amounted to $1.5 million with cash funds at $448 million and current liabilities at $662 million. In spite of the loss for the fiscal year, gross cash inflows amounted to $485 million.
The gains in revenues are an important message about future income and a very good indication that the 2020 fiscal year should be a profitable one. The purchase of the block of shares when coupled with growth in revenues seems a positive indicator of what to expect for 2020.
There are a few other indicators as well. Some entities placing advertisements in the Gleaner faced cancellation as a section of the paper attracted increased business that they had to turn away advertising and that seemed to have gone on for weeks in the June quarter. Faced with a growing economy with sales rising as well as increased competition companies will spend more on advertising to move more products and services, a trend that should continue going forward. Of significance, is that GDP growth in the first quarter of 2019 is 21 percent faster than in the same period in 2018 if this trend continues for the rest of the year growth would be in the 2.5 percent level or more. That would mean more advertising dollar spend and the RJR Group is in a good position to benefit from that going forward.
IC Insider.com projects 15 cents per share in earnings for 2020 with the stock that traded at $1.10 on the Jamaica Stock exchange on Friday, is now at a PE of just 7, well under the market average of 15.6.

Filed Under: Company News, Company Results, Stock Market, Stocks to watch Tagged With: Jamaica Stock Exchange, NCB Financial Group, Radio Jamaica

New record close for JSE majors – Friday

July 12, 2019 by IC Insider.com

Barita Investments jumped 84% in a week.

Barita Investments jumped another $14 on Friday on top of the $12 it climbed on Thursday to closed a new record high of $83 as it contributed to the record close for the Jamaica Stock Exchange at main market.
Barita gained a stunning 84 percent since Thursday last week, after the company announced they were the consideration of another rights issue and reported blockbuster profits.
Trading ended with the JSE All Jamaican Composite Index surged 7,505.41 points to record close at 537,923.28 and the JSE Index 6,820.45 points to record close at 489,820.03. The JSE Financial Index added 2.78 points in closing at 132.31 points.
Market activity resulted in 37 securities trading in the main and US dollar markets and leading to 18 securities advancing, 16 declining and 3 trading firm, this compares to 36 securities on Thursday. Trading ended with 21,073,881 units valued $137,343,684 compared to 40,555,987 units valued at $630,491,986 changing hands.
Wigton Windfarm led trading with 14.5 million shares for 69 percent of total main market volume, followed by JMMB Group 7.25% preference share with 2.3 million stock units for 11 percent of total volume and Supreme Ventures with 1.65 million shares for 8 percent of the day’s volume.
The market closed with average of 619,820 units valued at $4,039,520 for each security traded, in contrast to 1,228,969 units valued at $19,105,818 on Thursday. The average volume and value for the month to date amounts to 1,203,120 shares valued at $10,102,136 changing hands, compared 1,262,144 shares valued at $10,775,760 for each securities 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 9 stocks ended with bids higher than their last selling prices and 4 with lower offers.
In the main market activity, Barita Investments surged $14 to end at a 52 weeks’ high of $83, with 11,864 stock units trading, Berger Paints lost 35 cents in the trading of 17,260 shares to close at $18, Caribbean Cement shed $1 to end trading of 5,270 shares at $78. Grace Kennedy dropped $3.97 trading 4,408 units, to end at $70, Jamaica Producers rose 50 cents in trading 126,136 shares to close at $27.50, JMMB Group declined $1 to end at a record close of $53, with 76,921 shares trading, Kingston Wharves lost $1 to end trading of 1,545 shares at $70. Mayberry Jamaican Equities rose 30 cents to close at $11.50 with 102,391 shares changing hands, NCB Financial dropped $4.73 trading 85,663 units to end at $200.27, PanJam Investment gained 50 cents and ended trading with 9,100 stock units at $99, Sagicor Group rose 26 cents trading 341,009 stock units to end at $54.50. Sagicor Real Fund climbed 98 cents to end trading with 17,391 units at $11, Salada Foods rose 50 to end at $33.50 in trading 10,000 shares, Scotia Group exchanged 107,923 shares but fell 50 cents to close at $57. Seprod lost 95 cents and settled at $47 in exchanging 20,450 shares and Supreme Ventures lost $2 and ended trading with 1,645,858 shares to close at $26.
Trading in the US securities market resulted in 95,243 units valued at US$47,506 changing hands. Market activity ended with JMMB Group 6% preference share with 41,992 units trading to end with a loss of 2 cents at US$1, Proven Investments added 0.69 cent trading 151 shares to close at 25.70 US cents and Sygnus Credit Investments with a rise of 0.02 cent to 10.5 US cents, in trading 53,100 units. The JSE USD Equities Index inched 2.47 points higher to 189.96.

Junior Market drops – Friday

July 12, 2019 by IC Insider.com

Fontana ended at a record close of $6.07.

The Jamaica Stock Exchange Junior Market Index dived 26.62 points to close at 3,040.17 on Friday with three stocks hitting 52 weeks’ lows and two recording highs.
Trading concluded on Friday with 30 securities changing hands, up from 28 securities on Thursday. At the close the prices of 8 securities rose, 13 declined and 16 remained unchanged as 2,783,254 units valued at $9,535,345 changed hands, compared to 6,999,633 units valued at $19,497,999 on Thursday.
Trading ended with an average of 92,775 units for an average of $317,845 in contrast to 249,987 units for an average of $696,357 on Thursday. The average volume and value for the month to date amounts to 90,650 shares valued at $314,545 for each security traded compared to 90,650 shares valued at $314,545 traded previously. June ended with an average of 166,169 units at $674,841 for each security traded.
Fontana closed at an all-time high of $6.07, Elite Diagnostic traded at a 52 weeks’ high of $5.14 but pulled back at the close and GWest Corporation traded at a 52 weeks’ low of 70 cents before closing higher and Lasco Distributors ended at a 52 weeks’ low.
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 closed with a lower offer.
Stocks ending with price changes| Access Financial declined 30 cents in trading 1,500 units at $43.20, AMG Packaging ended trading with 110,600 shares, after rising 16 cents to end at $2.16, after the company posted 28 percent increase in pretax profit for the third quarter to May and suggesting earnings in a full year of 12 cents per share. Blue Power fell 55 cents in trading of 81,109 units at $4.95, Caribbean Cream closed 2 cents higher at $5.56, with 9,850 stock units trading, Caribbean Flavours dropped $1.30 in trading of 11,831 units at $13, Derrimon Trading closed with a loss of 23 cents at $2.17, in swapping 437,640 shares. Express Catering closed trading of 150,668 units and gained 35 cents to end at $6.75, Elite Diagnostic climbed 25 cents and exchanged 24,410 shares at $4.95, after trading at a record high of $5.14, Fosrich Group ended market activity in exchanging 22,728 shares, to close at $4.20 after falling 5 cents. Fontana ended trading with 227,035 shares, after rising 7 cents to end at 52 weeks closing high of $6.07, Gwest Corporation closed 3 cents higher at 84 cents, with 167,462 stock units trading, but traded at an all-time low of 70 cents earlier in the trading session. Honey Bun ended market activity exchanging 87,841 shares to close at $6 after falling 21 cents, iCreate Limited ended with a loss of 1 cent at 71 cents with 551,200 stock units changing hands, Jamaican Teas shed 5 cents in trading of 36,000 units at $4.45, Jetcon Corporation lost 5 cents in exchanging 7,813 shares to close at $1.95. Knutsford Express lost 50 cents trading 108,090 units to close at $11. Lasco Distributors declined 30 cents trading of 466,362 units to end at a 52 weeks’ low of $3. Lasco Manufacturing lost 4 cents in exchanging 103,219 units at $4.06, Medical Disposables climbed 9 cents and exchanged 12,999 shares at $7.09, Main Event ended trading with 6,882 shares, after rising 99 cents to end at $6.70 and Stationery and Office Supplies ended market activity with 2,500 shares changing hands to close at $9.15 after falling 65 cents.

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

Filed Under: JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Caribbean Flavours, 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, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity

Declining TSE stocks dominate market Friday

July 12, 2019 by IC Insider.com

Market activity on the Trinidad & Tobago Stock Exchange ended on Friday with trading in 19 securities against 17 on Thursday, with 2 advancing, 10 declining and 7 remaining unchanged.
At close of the market, the Composite Index declined 4.51 points on Friday to 1,384.54. The All T&T Index fell 9.44 points to 1,788.78, while the Cross Listed Index rose 0.08 points to close at 132.55.
Trading ended with 561,729 shares at a value of $5,509,075, compared to 216,609 units valued $3,950,131 on Thursday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended at 2 stocks with bids that were higher than their last selling prices and 3 with lower offers.
Gains| Clico Investment Fund rose 10 cents to end at $24.25, with 29,548 units trading and Massy Holdings gained 58 cents and concluded trading of 25 stock units to close at $55.08.
Losses| Calypso Macro Index Fund fell $1 to close at $14 with 1,542 shares changing hands, First Citizens shares fell 7 cents and completed trading of 4,297 stock units at $40.03, Grace Kennedy lost 1 cent to close at $3.23, with 20,000 stock units changing hands. Guardian Holdings declined 10 cents and concluded trading of 13,960 stock units at $18.40, Guardian Media closed with a loss of $1.25 and settled at a 52 weeks’ low of $11.50 with an exchange of 100 units, National Flour closed 1 cent lower to at $1.70, with 433 stock units changing hands. One Caribbean Media shed 5 cents and settled at $10.10, with 4,275 units trading, Sagicor Financial closed with a loss of 1 cent at $10, after exchanging 106,521 shares, Scotiabank lost $2 to close at 52 weeks’ low of $60 in swapping of 960 shares and Unilever Caribbean dropped 30 cents and ended at $25 with 42,709 units changing hands.
Firm Traded| Ansa Mcal completed trading at $55.18, with 500 units crossing the exchange, CinemaOne closed at $9, in exchanging 1,000 units, First Caribbean International settled at $8.32, with investors exchanging 26,308 shares. JMMB Group finished trading 289,305 shares, to end at $2.25, NCB Financial settled at $9.50, after trading 9,135 shares and Republic Financial completed trading with 7,636 units at $121 and Trinidad & Tobago NGL ended trading 4,475 units at $28.05.

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

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Mcal, Calypso Macro Index Fund, Cinemaone, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, National Flour, NCB Financial Group, One Caribbean Media, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean

Big price gains for JSE stocks – Thursday

July 11, 2019 by IC Insider.com

Barita stock price gained 53% in a week.

Barita Investments jumped $12 to a new record high, to lead a pack of stocks that jumped sharply on the Jamaica Stock Exchange at the close on Thursday, with the market ending with an overall gain.
Barita gained 53 percent since a week ago since the company announced that they were considering a rights issue and announced blockbuster profits. The move drove supply out of the market leaving only three offers at the close, with 230 units at $74, 2,800 shares at $85 and 2 million at $90. Other stocks with sharp gains are Eppley rising $2.49, Grace Kennedy up $5.97 to end at a closing record high, JMMB Group rising $5 to end at a closing all-time high, Kingston Wharves with a gain of $5.16 and NCB Financial pushed higher by $5 to end at a closing all-time high and Wigton Windfarm traded at a new all-time high.
Trading ended with the JSE All Jamaican Composite Index advanced by 2,296.18 points to close at 530,417.87 and the JSE Index rose 2,086.63 points to close of 482,999.58. The JSE Financial Index added 0.52 points in closing at 129.53 points.
Market activity resulted in 36 securities trading in the main and US dollar markets and leading to 14 securities advancing, 13 declining and 9 trading firm, this compares to 38 securities on Wednesday. Trading ended with 40,555,987 units valued at $630,491,986 compared to 73,123,480 units valued at $311,695,529 changing hands.
Wigton Windfarm led trading with 27.4 million shares for 68 percent of total main market volume, as the stock traded at a new intraday high of $1.01. Sagicor Group ended with 8 million stock units for 20 percent of total volume and Jamaica Broilers with 3.4 million shares for 8 percent of the day’s volume.
The market closed with average of 1,228,969 units valued at $19,105,818 for each security traded, in contrast to 2,089,242 units valued at an average of $8,905,587 on Tuesday. The average volume and value for the month to date amounts to 1,262,144 shares valued at $10,775,760 changing hands, compared 1,265,757 shares valued at $9,768,829 for each securities 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 9 stocks ended with bids higher than their last selling prices and 5 with lower offers.
In the main market activity, Barita Investments surged $12 to end at a 52 weeks’ high of $69, with 16,658 stock units trading, Berger Paints lost 60 cents in the trading of 3,436 shares to close at $18.35, Caribbean Cement gained $1 to end trading of 2,561 shares at $79, Eppley climbed $2.49 to $15.49, in exchanging 4,000 stock units. Grace Kennedy jumped $5.97 trading 63,206 units to end at a 52 weeks’ closing high of $73.97. Jamaica Producers rose 40 cents in trading 20,340 shares to close at $27, JMMB Group leaped $5 to end at a record close of $54, with 327,606 shares trading, Kingston Wharves jumped $5.16 and ended trading 18,850 shares at $71, Mayberry Jamaican Equities lost 40 cents to close at $11.20 with 105,483 shares changing hands. NCB Financial rose $5 trading 45,909 shares to end at a record closing high at $205, PanJam Investment lost 32 cents and ended trading with 13,455 stock units at $98.50, Sagicor Group lost $1.04 trading 8,078,497 stock units to end at $54.76. Sagicor Real Fund fell 73 cents to end trading with 17,697 units at $10.02, Seprod lost 95 cents and settled at $47 in exchanging 20,450 shares, Supreme Ventures rose 49 cents and ended trading of 28,030 shares to close at $28 and Wisynco Group gained 41 cents to settle at $19.50, with 200,051 stock units changing hands.
Trading in the US securities market resulted in 361,148 units valued US$59,364 changing hands. Market activity ended with JMMB Group 5.75% preference share with 11,248 units trading to end at US$2, Proven Investments lost 0.7 cent trading 5,600 shares to close at 25.01 US cents and Sygnus Credit Investments rose 0.03 cent to 10.3 US cents, in trading 344,300 units. The JSE USD Equities Index inched 0.34 points higher to 187.49.