NCB pushes All Jamaica within touch of 380K
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.
All Jamaica trades at new intraday record
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.
4 stocks rise 2 fall on TTSE – Tuesday
The Trinidad & Tobago Stock Exchange, closed on Tuesday, with 16 securities changing hands, with the price of 4 rising, 2 declining and 10 remaining unchanged.
The market ended trading in 141,167 shares valued $2,427,154, compared to 144,145 shares on Monday valued at $8,121,828 changing hands.
At close, the Composite Index the Composite Index rose 0.16 points on Tuesday to 1,216.45, the All T&T Index slipped 0.34 points to 1,689.02, 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 2 stocks ending with a higher bid than the last selling prices and 3 with lower offers.
Stocks closing with gains| Clico Investments `rose 1 cent and ended at $20, with 26,719 stock units changing hands, First Citizens closed with a gain of 5 cents and settled at $32.82, after exchanging 947 shares, Republic Financial Holdings gained 5 cents and ended at a 52 weeks’ high of $103.66, after exchanging 10,604 shares and Scotiabank finished trading 1,630 units and rose 17 cents to $64.92.
Stocks closing with losses| Ansa Merchant concluded trading with a loss of 1 cent at a 52 weeks’ low of $37.99, after exchanging 15 shares and National Flour traded with a loss of 5 cents and completed trading at $1.70, with 7,140 units changing hands.
Stocks trading with no price change| Ansa Mcal completed trading with 75 shares at $56, Calypso Macro Index Fund traded 1,100 units to close at $15.80, Grace Kennedy ended at $2.75, with 2,000 stock units changing hands, Guardian Holdings completed trading of 5,377 units at $16.90, JMMB Group concluded trading at $1.70, after exchanging 7,000 shares, Massy Holdings closed at $47.01, after exchanging 3,050 shares, Point Lisas ended at $3.70, with 250 stock units changing hands, Sagicor Financial ended at $7.51, with 250 stock units changing hands, Trinidad & Tobago NGL settled at $29, after exchanging 6,570 shares and Trinidad Cement concluded market activities at $2.70, after exchanging 69,000 shares.
Prices of securities trading for the day are those at which the last trade took place.
NCB pushes All Jamaica to intraday record
At this stage of trading it is unclear exactly where the indices are as NCB opened at $199.01, just seconds after the market opened, but that trade was cancelled as it was outside the 30 percent range permitted by the Exchange in a day. At the time of writing, the records have the All Jamaica Composite Index up 5,408.08 points to 378,261.05. The JSE Index surged 4,927.37 points to a record 344,638.58. The price for NCB Financial used to compute the index is $120.65 but that is just over $1.65 too high, as such the main market indices is about 1,500 points overstated but that would still mean that the indices would be trading at new record territory beating the previous high of 375,307.08 reached last week.
The Junior Market that hit a new closing high on Monday has retreated by 21.92 points to 3,370.66.
6 TTSE stocks fall 1 rise on TTSE – Monday
The Trinidad & Tobago Stock Exchange, closed on Monday, with 14 securities changing hands, with the price of one rising, 6 declining and 7 remaining unchanged.
The market ended trading in 144,145 shares valued $8,121,828 compared to 15 securities traded on Friday resulting in 450,814 shares valued $2,562,248 changing hands.
At close, the Composite Index the Composite Index fell 2.97 points on Monday to 1,216.29, the All T&T Index dipped 1.17 points to 1,689.36, while the Cross Listed Index declined 0.66 points to close at 99.90.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 2 stocks ending with a higher bid than the last selling prices and 3 with lower offers.
Stocks closing with gains| Republic Financial Holdings `added 4 cents and completed trading at a 52 weeks’ high of $103.61, after exchanging 68,729 shares.
Stocks closing with losses| Clico Investments ended trading 1 cent lower and settled at $19.99, with 2,849 stock units changing hands, NCB Financial Group concluded trading with a loss of 8 cents and ended at $5.67, after exchanging 900 shares, Sagicor Financial traded with a loss of 11 cents and settled at $7.51, with 2,475 stock units changing hands, Scotiabank lost 25 cents and concluded trading of 637 units at $64.75, Trinidad & Tobago NGL closed with a loss of 40 cents at $29, in exchanging 7,737 shares and West Indian Tobacco shed 50 cents to close at $87.50, with 75 units changing hands.
Stocks trading with no price change| Angostura Holdings settled at $15.75, with 36 stock units changing hands, Ansa Mcal traded 8,815 units at $56, First Citizens ended at $32.77, after exchanging 1,450 shares, Grace Kennedy settled at $2.75, with 15,000 stock units changing hands, JMMB Group completed trading at $1.70, in exchanging 30,000 shares, National Flour concluded trading of 2,752 units at $1.75 and Trinidad Cement completed trading at $2.70, after exchanging 2,690 shares.
Prices of securities trading for the day are those at which the last trade took place.
The Junior Market at record high
The Junior Market has now joined the main market in recording record close when it hit historical high on Monday, having gained 79.66 points to trade at a high of 3,391.67 points at 12.51 pm, the market index closed at 3,392.58 with a rise of 80.58.
The Junior market closed at 3,375.24 on May 24 last year. The major contributors to the big move are Derrimon Trading the trade at $399 compared to a close of $3.40 on Friday and Express Catering that traded at $8 after it fell during trading on Friday to the low $6.
The main market traded to close at new highs on Monday as NCB Financial traded at $120 and Jamaica Producers closed at $21.50. the main market climbed 3,393.54 on the All Jamaica Composite index to end at a record close of 372,852.97 points and the JSE Index is up 3,091.90 points to a record close of 339,711.21, with booth indices record the 7th straight closing record close.