The Jamaica Stock Exchange closed on Friday, with NCB Financial Group jumping $7.58 and ended trading 585,404 shares at record $137.99, after the Financial Securities commission of Trinidad announced clearance for NCB to proceed with the acquisition of up to nearly 52 percent of Guardian Holdings.
Market activity closed with 30 active securities in the main and US dollar markets, compared to 32 on Thursday with the prices of 14 stocks rose, 10 declined and 6 remained unchanged.
The All Jamaica Composite Index lost 1,646.73 points to 388,851.68 and the JSE Index declined by 1,500.36 points to close at 354,287.88.
Main market trading closed with Carreras leading with 4,106,737 units, or 53 percent of the day’s volume, JMMB Group 7.25% preference shares with 862,000 units with and 11 percent of volume traded and NCB Financial with 585,404 units accounting for 7.6 percent of main market volume.
IC bid-offer Indicator|At the end of trading, the Choice bid-offer indicator reading shows just 7 stocks ending with the bid higher than the last selling prices and 2 closing with lower offers.
The market closed with much more trading volume than on Thursday, as 7,711,871 units valued at $172,980,680 changed hands, compared with 3,304,274 units valued at $77,547,412 being exchanged, on Thursday.
Trading resulted in an average of 275,424 units valued at over $6,177,881, in contrast to 110,142 shares valued at $2,584,914 on Thursday. The average volume and value for the month to date, amounts to 253,590 valued at $3,374,731, compared to 251,748 valued at $3,117,393. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In the main market activity, Caribbean Cement jumped $4 to close at $50 in trading of 48,646 shares, Grace Kennedy fell 60 cents to end trading of 63,596 shares at $55, Jamaica Producers gained $1.50 to end at $24.51, trading 650,876 shares, Jamaica Stock Exchange lost 84 cents, in closing at $10.16, trading 96,393 shares, JMMB Group declined $1 to $33, with an exchange of 231,551 shares, Kingston Wharves rose $1.90 to $77.90 trading 2,683 shares, Mayberry Investments rose 43 cents to settle at $10, in exchanging 46,773 units, NCB Financial Group jumped $7.58 and ended trading of 585,404 shares at $137.99. PanJam Investment gained 60 cents in closing at $65.70, with an exchange of 40,135 stock units, Sagicor Real Estate Fund rose 50 cents and settled at $12, trading 12,010 shares, Salada Foods lost $1 to close at $20.50 as 19,000 shares traded, Scotia Group rose $2.49 trading 100,792 to close at $55.99, Seprod lost $1 to end trading of 209,641 shares at $28.50 and Supreme Ventures added 49 cents and ended at $16.99, with an exchange of 100 shares.
Trading in the US dollar market amounted to 52,105 units valued at $12,214. JMMB Group completed trading at $1.05 with 2,704 stock units and Proven investments completed trading 49,401 shares and lost 1 cent to end at 19 U$ cents and rose 0.5 cents. The JSE USD Equities Index fell 2.22 points to close at 157.43.
Guardian & Republic in big Friday push
The Trinidad & Tobago Stock Exchange indices rose at the close of trading on Friday as Guardian Holding rose $1.02 to $18 following release of news that NCB Financial Group would be making a bid to acquire 22 percent more of the company’s shares and Republic Holdings jumped $3.30 to help push the market.
Market activities ended with 14 securities trading versus 21 on Thursday, with 7 advancing, 4 declining and 3 remaining unchanged. The market closed with one stock ending at 52 weeks’ low as 434,574 units valued at $3,501,297 traded, compared to 326,195 units valued at $6,427,017 changing hands on Thursday.
The Composite Index jumped 11.82 points on to 1,243.30. The All T&T Index gained 16.90 points to 1,700.81, while the Cross Listed Index added 0.90 points to close at 105.79.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 2 stocks ending with higher bids than the last selling prices and 4 with lower offers.
Stocks closing with gains| Calypso Macro Index Fund rose 4 cents in trading 500 shares to close at $15.85, Grace Kennedy concluded trading 18 cents and ended at $3, with 2,678 stock units changing hands, Guardian Holdings concluded trading with a gain of $1.02 completed trading at $18, with 10,000 units, NCB Financial Group added 5 cents and settled at $6.55, after exchanging 6,000 shares, Republic Financial Holdings concluded trading with a gain of $3.30 concluded at $107.06, after exchanging 6,083 shares, Scotiabank increased 11 cents and completed trading at $64.50, with 3,175 units and Trinidad & Tobago NGL rose 2 cents and settled at $29.43, after exchanging 17,033 shares.
Stocks closing with losses| Clico Investments ended trading 4 cents lower and ended at $20, with 45,383 stock units changing hands, First Caribbean International Bank concluded trading with a loss of 5 cents and completed trading at $8, with 50,600 units, Sagicor Financial traded with a loss of 5 cents and ended at a 52 weeks’ low of $7.25, with 3,000 stock units changing hands and Trinidad Cement closed with a loss of 1 cent and concluded at $2.70, after exchanging 24,738 shares.
Stocks trading with no price change| First Citizens settled at $32.75, after exchanging 278 shares, JMMB Group concluded at $1.84, after exchanging 265,000 shares and Massy Holdings concluded at $46.80, after exchanging 106 shares.
Prices of securities trading for the day are those at which the last trade took place.
TTSE falls again on Thursday
The Trinidad & Tobago Stock Exchange indices all fell on Wednesday with National Enterprises leading the declines with a fall of 44 cents to close at a 52 weeks’ low of $8 while heavily weighted First Caribbean International Bank shed 8 cents, to weigh heavily on the market.
Market activities ended with 21 securities trading versus 19 on Wednesday, with 9 advancing, 9 declining and 3 remaining unchanged. The market closed with two stocks ending at 52 weeks’ low as 326,195 units valued at $6,427,017 traded, compared to 119,782 units valued at $2,475,785 changing hands on Wednesday.
The Composite Index dropped 5.68 points to 1,231.48. The All T&T Index declined 25.10 points to 1,689.91, while the Cross Listed Index fell 0.43 points to close at 105.62.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 4 stocks ending with higher bids than the last selling prices and 2 with lower offers.
Stocks closing with gains| Angostura Holdings closed with a gain of 5 cents at $15.75, with 28,543 stock units changing hands, Ansa Mcal gained 1 cent and ended at $55.01, with 800 units trading, Ansa Merchant finished trading with a gain of 1 cent at $38.26, after exchanging 500 shares, First Citizens closed with an increase of 10 cents and completed trading at $32.75, after exchanging 1,698 stock units, Grace Kennedy closed with a rise of 1 cent to $2.82, with 3,000 stock units changing hands. JMMB Group finished 7 cents higher and settled at $1.84, after exchanging 80,000 shares, LJ Williams B share gained 5 cents and completed trading at $0.75, after exchanging 30,000 stock units, Prestige Holdings added 1 cent and ended at $7.31, with 1,000 units changing hands and Trinidad Cement gained 1 cent and settled at $2.71, after exchanging 3,000 shares.
Stocks closing with losses| Clico Investments shed 11 cents and concluded trading at $20.04, with 20,370 stock units changing hands, First Caribbean International Bank lost 10 cents and ended at a 52 weeks’ low of $8.05, exchanging 1,135 units, Guardian Holdings ended trading 2 cents lower at $16.98, with 1,200 units, Massy Holdings concluded trading with a loss of 3 cents and settled at $46.80, after exchanging 1,621 shares, National Enterprises traded with a loss of 44 cents and ended at $8, with 1,000 stock units changing hands, One Caribbean Media closed with a loss of 1 cent and settled at $11.99, trading 2,843 shares, Sagicor Financial closed with a loss of 9 cents and ended at $7.30, with 26,820 stock units changing hands, Scotiabank shed 11 cents and ended at $64.39, trading 70,468 units and Trinidad & Tobago NGL lost 8 cents and completed trading at $29.41, after exchanging 2,640 shares.
Stocks trading with no price change| Guardian Media settled at $15, after exchanging 957 shares, National Flour ended at $1.68, with 6,500 units and NCB Financial Group completed trading at $6.50, after exchanging 42,100 shares.
Prices of securities trading for the day are those at which the last trade took place.
Republic in big fall takes TTSE with it
Republic Financial dropped $7.24 and the large capitalized stock, First Caribbean International Bank shed 15 cents along with 7 other companies declined to put a big dent into the market indices on the Trinidad & Tobago Stock Exchange on Wednesday.
Market activities ended with 19 securities trading versus 16 on Tuesday, 3 advancing, 9 declining and 7 remaining unchanged. The market closed with one stock trading at 52 weeks’ high and two at 52 weeks’ low as 119,782 units valued at $2,475,785 traded, compared to 135,571 units valued at $824,024 changing hands on Tuesday.
The Composite Index dropped 14.27 points to 1,237.16. The All T&T Index declined 25.10 points to 1,689.91, while the Cross Listed Index fell 0.43 points to close at 105.62.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 3 stocks ending with higher bids than the last selling prices and 5 with lower offers.
Stocks closing with gains| Agostini’s rose 20 cents and completed trading at $23.40, after exchanging 285 shares, Angostura Holdings closed with an increase of 10 cents and settled at $15.70, with 800 stock units changing hands and West Indian Tobacco ended trading of 1,070 units after rising 50 cents to $95.
Stocks closing with losses|Ansa Mcal shares fell 50 cents and concluded trading of 78 units at $55, Clico Investments closed with a loss of 5 cents and settled at $20.15, with 1,077 stock units changing hands, First Caribbean International Bank shed 15 cents and concluded market activity at $8.15, with 15,901 units trading, First Citizens lost 35 cents and ended at $32.65, after exchanging 5,617 shares, Grace Kennedy ended trading of 1,000 stock units having fallen 19 cents to settled at $2.81, JMMB Group concluded trading with a loss of 3 cents at $1.77, after exchanging 5,000 shares, Republic Financial Holdings dropped $7.24 and completed trading at $103.76, after exchanging 4,921 shares, Trinidad & Tobago NGL shares fell 2 cents and ended at $29.49, in exchanging 6,225 shares and Unilever Caribbean closed with a loss of 50 cents and settled at a multi-year low of $23, with 1,738 stock units changing hands.
Stocks trading with no price change| Guardian Holdings concluded trading 10,877 units at $17, Massy Holdings completed trading at $46.83, after exchanging 940 shares, National Flour ended at $1.68, with 4,500 units trading, NCB Financial Group ended at $6.50, after exchanging 46,733 shares, Prestige Holdings concluded trading of 2,000 units at $7.30, Sagicor Financial settled at $7.39, with 10 stock units changing hands and Scotiabank ended at $64.50, trading 11,010 units.
Prices of securities trading for the day are those at which the last trade took place.