Stock Market — Page 603

All Jamaica 400K push continues – Thursday

September 13, 2018 by IC Insider.com

NCB traded at a 52 weeks’ high of $130 on Thursday.

The Jamaica Stock Exchange main market ended at a 10th consecutive record close on Thursday with the all Jamaica composite Index pushing nearer to the 400,000 mark aided by a rise in the price of 18 main market stocks.
The market closed with the All Jamaica Composite Index surging 5,960.37 points higher to a record close at 384,731.07 and the JSE Index jumping 5,430.57 points to a record close of 350,533.51. Thursday’s close brings to 33, the number of record close for the year and 21 since the start of July. The main market surged to new record high at the start of the morning session and continued to create new highs during the first 90 minutes of trading as NCB Financial traded at $125 and Kingston Wharves at $75 to be aided by Jamaica Producers that traded as high as $28.50.
Market activities resulted in 30 securities trading, including 2 in the US dollar market compared to 34 securities trading on Wednesday. At the end of trading, the prices of 20 stocks rose, 4 declined and 6 closed trading, unchanged. The main market ended with 11,678,084 units valued at $147,689,924 changing hands, compared to 3,156,915 units valued at $54,279,819, on Wednesday.
The day’s volume was led by, JMMB Group 7.5% preference share closed with 8,042,693 shares and 59.4 percent of the day’s volume, the JMMB Group 7.25% preference share ended with 2,772,000 shares, 20.5 percent of main market volume,and Wisynco Group with 620,232 units for just 4.6 percent of the volume traded.
Trading resulted in an average of 483,444 units valued at an average of $2,448,792, in contrast to 432,522 units valued at an average of $5,469,997 on Wednesday. The average volume and value for the month to date amounts to 469,931 shares valued $4,332,558, compared to 468,476 shares valued $4,558,933 traded on the immediately preceding trading day.

JSE breaks several records in trading on Thursday morning

August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Barita Investments gained 77 cents and closed at $11.27, trading 2,850 shares, Caribbean Cement added $1.44 to finish at $50 with 14,153 shares trading, Grace Kennedy fell $2 to end at $57, trading 238,210 shares, Jamaica Broilers climbed $1.05 in trading 108,185 stock units at record high of $31, Jamaica Producers gained 50 cents and finished trading 7,000 units at a record high of $23, JMMB Group climbed 98 cents and ended trading 142,794 shares at $30.99. Kingston Wharves jumped $4 and ended trading 13,948 stock units to close at a record high of $74, Mayberry Investments jumped $2 to settle at $9, with 271,631 units changing hands, NCB Financial Group jumped $8 and ended trading 121,984 shares at a record close of $130, PanJam Investment gained $1 and closed at $55 trading 7,285 stock units, Sagicor Real Estate Fund fell 52 cents and settled at $11.23, trading 124,980 shares. Scotia Group rose $1.18 in trading 56,316 units at $56.20, Supreme Ventures added 35 cents and ended at $16.40, 11,824 shares changing hands.
Trading in the US dollar market closed with 24,665 units valued US$9,781 as , JMMB Group 6% preference share completed trading of 4,950 stock units at $1.06, and Sygnus Credit Investments ended trading of 19,715 shares at 12 US cents. The JSE USD Equities Index advanced by 1.94 points to close at 169.56.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 11 stocks ended with bids higher than their last selling prices and 1 closing with a lower offer.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 1834 Investments, Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Margaritaville, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Where has NCB supply gone?

September 13, 2018 by IC Insider.com

NCB Financial closed at a record price of $130 on Thursday, with the price gaining 24 percent since August 20 when it traded at $105 but was trading in the $120 level in Trinidad and Tobago.
The stock current trades on the Trinidad & Tobago Stock Exchange at TT$5.68, the equivalent of J$115.

NCB Financial orders at close of the Jamaica Stock Exchange on Thursday.

A number factors are behind the aggressive move. The group reported impressive third quarter results, supply of the stock declined sharply as demand sucked out the available supplies. Interest rates locally plummeted to less than 2 percent on Treasury bills and the system remains very liquid. The lower interest rates have been slowly driving the PE of the market upwards and NCB Financial Group which was selling around a PE of 10 seems to have been considered cheap. The average PE of the market is just over 14, on this basis NCB could be considered reasonably priced around $140-150 range, in the short term. With the absence of supply, it will be any one’s guess where the near term top will be.

Filed Under: JSE Main Market, Stock Market

All 3 TTSE market indices rose – Thursday

September 13, 2018 by IC Insider.com

All three main indices of the Trinidad & Tobago Stock Exchange, closed higher on Thursday, with the Composite Index rising 3.71 points to 1,217.83, the All T&T Index adding 0.06 points to 1,689.65, while the Cross Listed Index inched 1.02 points higher to close at 100.28.
At close, 12 securities changed hands, with the price of 8 rising, 2 declining and 2 remaining unchanged, against 12 trading on Wednesday.
The market ended trading of 110,652 shares valued $1,395,005, compared to 75,767 shares valued $1,249,873 changing hands on Wednesday.
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 4 with lower offers.
Stocks closing with gains| Calypso Macro Index Fund gained 1 cent in trading 600 units to close at $15.82, Clico Investments rose 1 cent and ended at $20, with 3,777 shares changing hands, First Caribbean International Bank added 10 cents and completed trading of 66,163 units at $8.50, First Citizens increased 5 cents and settled at $32.80, after exchanging 1,600 shares, NCB Financial Group rose 8 cents and settled at $5.68, exchanging 1,000 shares. Sagicor Financial closed with a gain of 1 cent and ended at $7.52, with 1,782 stock units changing hands, Scotiabank gained 3 cents and completed trading of 3,000 units at $64.95 and West Indian Tobacco finished trading 39 shares with a gain of 5 cents at $87.55.
Stocks closing with losses| JMMB Group closed with a loss of 1 cent and concluded at $1.69, after exchanging 16,000 shares and Trinidad & Tobago NGL closed with a loss of 23 cents and settled at $29, after exchanging 14,076 shares.
Stocks trading with no price change| Guardian Holdings completed trading at $17, with 2,365 units and National Enterprises ended at $8.95, with 250 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

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

All Jamaica bolts to record 385,502

September 13, 2018 by IC Insider.com

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JSE breaks several records in trading on Thursday morning

The main market of the Jamaica Stock Exchange continues to plow through more and more records, as it set sights on the 400,000 mark on the All Jamaica Composite Index.
The All Jamaica Composite Index jumped to a new record shortly after trading opened on now trades at 385,137.38 but jumped 6,732.02 points to a record 385,502.72 points at 10:54 am.
The JSE index climbed 6,133.64 points to a record 351,236.58 points as a number of main market stocks traded at record prices and others recorded sizable gains to help push the market higher. The market crossed through several new highs in the morning with the first being at 9.35 at 381,944.28, followed by a series of other highs. The Junior Market added 32 points to trade at 3,388.43 after one hours trading.

Filed Under: Breaking News, JSE Junior Market, JSE Main Market, Stock Market Tagged With: Daily Trading, Emerging markets, Jamaica Stock Exchange, junior market

All Jamaica jumps 5,536 points

September 13, 2018 by IC Insider.com

Record JSE points on Thursday morning.

The All Jamaica Composite Index jumped 5,536.04 points to a record 384,306.74 points at 10:26 Thursday morning.
The JSE market index climbed 5,043.95 points to a record 350,146.89 points as a number of main market stocks traded at record prices and others recorded sizable gains, to help push the main market higher. The market saw several new highs for the early morning session, with the first being at 9.35 am at 381,944.28, followed by 8 other highs. The Junior Market added 15.76 points to trade at 3,372.13 after one hours of the market opening. At 10.34 am, the main market slipped a bit to be at 383,775.68 on the All Jamaica Composite Index.

Filed Under: Breaking News, JSE Junior Market, JSE Main Market, Stock Market

All Jamaica 400,000 push continued on Wednesday

September 12, 2018 by IC Insider.com

Jamaica Producers traded at an all time high of $22.50 on Wednesday.

Records continue to be broken with Jamaica Stock Exchange main market on Wednesday ending at another record close, the 9th in as many trading days as the market’ all Jamaica Index pushes towards the 400,000 market with a gain of nearly 2,000 points.
The market closed with the All Jamaica Composite Index; pushed 1,840.44 points higher to a record close at 378,770.70 and the JSE Index climbing 1,676.85 points to a record close of 345,102.94. Wednesday’s close brings to 32, the number record close for the year and 20 since the start of July.
Market activities resulted in 30 securities trading, including 3 in the US dollar market compared to 34 securities trading on Tuesday. At the end of trading, the prices of 13 stocks rose, 11 declined and 6 closed trading, unchanged. The main market ended with 11,678,084 units valued at $147,689,924 changing hands, compared to 3,156,915 units valued at $54,279,819, on Tuesday.
The day’s volume was led by, Sagicor Real Estate Fund with 8,692,402 shares and 74.4 percent of main market volume, followed by JMMB Group 7.50% preference share closing with 980,000 units and just 8.4 percent of the day’s volume and Carreras with 522,434 units just 4.47 percent of volume traded.
Trading resulted in an average of 432,522 units valued at an average of $5,469,997, in contrast to 98,654 units valued at $1,696,244 on Tuesday. The average volume and value for the month to date amounts to 468,476 shares valued $4,558,933, compared to 472,642 shares at $4,439,522 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Barita Investments gained 50 cents and closed at $10.50, trading 89,535 shares, Caribbean Cement shed $1.44 to finish at $48.56, in trading 283,483 shares, Grace Kennedy fell $2 to end at $57, trading 238,210 shares, Jamaica Broilers jumped $1.45 in trading 33,768 stock units at $29.95, Jamaica Producers climbed $1.30 and finished trading of 45,000 units at a record high of $22.50, with supply of the stock extremely low.
JMMB Group lost $1.51 and ended trading just 981 shares at $30.01. Kingston Wharves jumped $1 and ended trading 13,573 stock units to close at $70, NCB Financial Group ended trading 37,334 shares to end at a record close of $122, PanJam Investment fell $1 and closed at $54 trading 14,160 stock units, Sagicor Group shed the 69 cents it gained on Tuesday and settled at $39.16, in exchanging 18,371 shares, Supreme Ventures lost 40 cents and ended at $16.05, with 29,277 shares changing hands, Sygnus Credit Investments rose by 25 cents to close of $12.76, after trading 3,000 shares and Victoria Mutual Investments lost 25 cents and concluded trading of 135,000 stock units at $3.20.
Trading in the US dollar market closed with 53,900 units valued US$14,662 as , Productive Business Solution lost 6 US cents and completed trading of 14,700 shares at 53 US cents, Proven Investments closed trading of 20,500 stock units at 23 US cents and Sygnus Credit Investments ended trading of 18,700 shares and closed with a gain of 1 cents at 12 US cents. The JSE USD Equities Index fell 2.70 points and closed at 167.62.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 11 stocks ended with bids higher than their last selling prices and 1 closing with a lower offer.

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, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

More retreating for Junior Market

September 12, 2018 by IC Insider.com

The Junior Market retreated from the record close when trading resumed on Tuesday, with the market index declining by 12.75 points to close at 3,356.37, back below the previous high of 2017.
Trading resulted in 25 securities, the same number that changed hands on Monday, leading to 12 advancing, 5 declining and 8 remaining unchanged.
Indies Pharma was the only security that closed at record high on Wednesday as investors exchanged 3,271,099 units valued at $12,971,060 in the overall market, compared to 2,700,219 units valued at $10,803,399 on Tuesday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading had 7 stocks ending with bids higher than their last selling prices, 2 closed with lower offers.
Trading closed with an average of 130,844 units for an average of $518,842 in contrast to 108,009 units for an average of $432,136 on Tuesday. Trading for the month to date averages 806,685 units for an average of $4,908,371 and on the prior trading day, an average of 898,015 units for an average of $5,501,550. Trading in August, averaged 244,613 units at $1,348,298 for each security traded.
At the close of trading, Access Financial closed $1.50 higher at $47.50, in exchanging 1,019 shares, Blue Power concluded trading of 32,929 units, 25 cents higher at $6, CAC 2000 finished of 7,000 shares at $9, Caribbean Flavours traded just 164 stock units, with a loss of 57 cents to $19.30, Caribbean Producers closed at $6, after exchanging 107,764 units. Consolidated Bakeries closed 5 cents higher at $2.50, with 100,000 shares changing hands, Derrimon Trading ended at $3, with an exchange of 815,062 shares, Elite Diagnostic finished 28 cents higher at $3.44, with 33,983 stock units trading, Everything Fresh gained 1 cent in trading 52,166 shares to end at $2.44, Express Catering ended trading at $8.18, with 160,774 shares changing hands. FosRich Group traded 15 cents higher at $3.05, with an exchange 127,726 shares, General Accident closed 15 cents higher at $4.40, trading 22,360 shares, Honey Bun ended 10 cents higher at $4, with 39,029 units, Indies Pharma gained 5 cents with 958,728 shares changing hands to end at a record close of $3.65, Iron Rock concluded trading 30 cents higher at $3.50, with an exchange of 106,550 shares. Jetcon Corporation ended trading 300 stock units at $3.95, Knutsford Express closed at $11.50, in the swapping of 800 shares, Lasco Distributors ended with a loss of 5 cents at $4, with 363,914 shares changing hands, Lasco Financial concluded trading 13 cents higher at $5.90, after 110,176 stock units traded. Lasco Manufacturing finished with a loss of 2 cents at $3.99, with 36,000 units, Main Event settled with a loss of 4 cents at $5.98, trading 134,500 shares, Medical Disposables ended trading at $6.70, with 6,500 shares, Paramount Trading ended with a loss of 15 cents at $2.60, with 33,655 shares changing hands and Stationery and Office finished trading 29 cents higher at $8.99, with 10,000 stock units. In the Junior Market preference segment, Eppley 9.5% finished at $6, with 10,000 shares trading.
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, Blue Power, Caribbean Flavours, Daily Trading, Derrimon Trading, Elite Diagnostic, Emerging markets, Everything Fresh, Honey Bun, Indies Pharma, Iron Rock, Jamaican Stock, junior market, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Paramount Trading, Trading Activity

4 all for TTSE stocks – Wednesday

September 12, 2018 by IC Insider.com

The Trinidad & Tobago Stock Exchange, closed on Wednesday, with 12 securities changing hands, with the price of 4 rising, 4 declining and 4 remaining unchanged, against 16 trading on Tuesday.
The market ended trading in 75,767 shares valued $1,249,873, compared to 141,167 shares valued $2,427,154 changing hands.
At close, the Composite Index the Composite Index lost 2.33 points on Wednesday to 1,214.12, the All T&T Index added 0.57 points to 1,689.59, while the Cross Listed Index inched 0.09 points higher to close at 99.99.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 4 stocks ending with a higher bid than the last selling prices and 2 with lower offers.
Stocks closing with gains| Calypso Macro Index Fund gained 1 cent in trading 1,100 units to close at $15.81, Guardian Holdings finished trading of 7,635 units with a gain of 10 cents to close at $17, Massy Holdings closed with an increase of 19 cents to $47.20, after exchanging 352 shares and Trinidad & Tobago NGL ended trading with a rise of 23 cents and ended at $29.23, after exchanging 31,485 shares.
Stocks closing with losses| Clico Investments closed with a loss of 1 cent to settle at $19.99, with 1,095 stock units changing hands, First Citizens closed with a loss of 7 cents to close at $32.75, after exchanging 1,688 shares, Grace Kennedy shed 5 cents and settled at $2.70, with 30,000 stock units changing hands and NCB Financial Group lost 7 cents and ended at $5.60, in exchanging 1,000 shares.
Stocks trading with no price change| JMMB Group completed trading of 246 shares at $1.70, Point Lisas settled at $3.70, with 643 stock units changing hands, Prestige Holdings ended trading 500 units at $9.50 and Scotiabank concluded market activity at $64.92, after exchanging just 23 shares.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: Calypso Macro Index Fund, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, Point Lisas, Prestige Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, West Indian Tobacco

NCB pushes All Jamaica within touch of 380K

September 12, 2018 by IC Insider.com

NCB stock jumped to $124 in early trading on Wednesday.

NCB Financial traded up to $124 from $120 on Tuesday and help push the All Jamaica Composite Index to just less than 55 points from 380,000, at 11:38 in the morning session of the Jamaica Stock Exchange.
The main market of the Jamaica Stock Exchange traded at a new record territory on Wednesday morning a mere 3 minutes of opening passing and went on to yet a higher level at 5 minutes later while passing other records along the way to the recent high.
The All Jamaica Composite Index rose 3,015.46 points to 379,946.02 and the JSE Index gained 2,747.43 points to a record 346,173.52.
The Junior Market that slipped 33.18 points in earlier trading is now down just 4.45 to 3,364.67.
Sagicor Real Estate Fund traded the most share of just under 8.7 million units at $11.75. NCB Financial now trades at $122 with the bid at the last sale price.

Filed Under: Breaking News, JSE Combined, Stock Market Tagged With: Daily Trading, Emerging markets, Jamaica Stock Exchange, Jamaican Stock, junior market, NCB Financial, Sagicor Real Estate Fund

All Jamaica trades at new intraday record

September 12, 2018 by IC Insider.com

The main market of the Jamaica Stock Exchange traded at a new record territory on Wednesday morning within 3 minutes of opening and went on to yet a higher level at 5 minutes later.
The Main market which has slipped back slightly since to be at 377,639.34 for the All Jamaica Composite Index for a gain over Tuesday’s close of 376,930.26. The All Jamaica Composite Index traded with a gain of 1,728.19 points to 378,658.45 and then went on to 378,793.40. The JSE Index rose 1,574.58 points to a record 345,000.67 and then went further to 345,123.62 for a total gain of 1,697.53.
The Junior Market Index slipped 33.18 points to 3,335.94 Derrimon Trading pulled back to $2.75 from $3 and Paramount Trading fell to $2.60 from $2.75 from the close on Tuesday.