Trading on the Trinidad Stock Exchange with 9 securities changing hands of which 5 advanced, 3 declined and 1 traded firm with a total of 132,860 units, valued at $1,448,296.
At the close of the market, the Composite Index rose 0.05 points to close at 1,148.56, the All T&T Index fell by just 0.35 points to close at 1,978.76 and the Cross Listed Index increased by 0.06 points to end at 41.69.
Gains| Stocks increasing in price at the close are, Agostini’s ending with 2,600 units trading, for a 1 cent gain, to $17.61. Clico Investment Fund traded 8,691 shares valued at $195,721 and advanced by 1 cents to $22.52, National Commercial Bank traded 1,405 shares with a 1 cent rise, to end at a new 52 weeks’ high of $1.22. Scotiabank added 2,948 shares valued at $183,157 to close at $62.13 for a 1 cent gain and Trinidad Cement with 55,100 shares valued at $126,781 traded, gained 1 cent to end at $2.31.
Declines| The stocks declining at the end of trading are, First Citizens Bank trading 327 shares as the price eased by 1 cent to $35.74. Guardian Holdings with 58,187 shares changing hands for a value of $756,795 lost 6 cents to close at $13, Sagicor Financial Corporation traded 400 shares to close with a loss of 1 cent at $5.24
Firm Trades| Ansa Merchant Bank contributed 3,202 shares with a value of $124,558 to close at $38.90.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.
5 stocks rose 3 fell on TTSE
Gleaner’s big trade on JSE
Activity picked up on the Jamaica Stock Exchange on Wednesday and resulted in the prices of 5 stocks rising, 3 declining as 22 securities changed hands, ending with 47,574,512 units trading, valued at $46,962,041, in all market segments as the Gleaner Company posted the largest trade.
Gleaner Company ended with more than 32 million units valued at $27.36 million trading. Broker, Stocks & Securities played a major role in the trade, with all units sold, executed by them as brokers with buying by MVL Stockbrokers for all but 185,000 units. The trades have removed a major overhang of selling from the market but still leave more selling at the closing price and some offers close to the closing price.
Main Market| The JSE Market Index gained 338.21 points to 80,218.87, the JSE All Jamaican Composite index rose 378.14 points to close at 88,406.72 and the JSE combined index gained 297.60points to close at 82,097.57.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 7 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.
C&W traded 1.9m shares and gained 2 cents to end at 50 cents on Wednesday
Firm| The stocks in the main market to close without a change in the last traded prices are, Caribbean Cement closing with 10,000 shares trading at $2.85, Carreras ending with 22,192 shares trading at $44.50, Gleaner closing with 32,184,601 shares changing hands at 85 cents. Jamaica Broilers closed with 25,966 shares trading at $4.02, Mayberry Investments had 7,886 units trading at $1.95 and Sagicor Real Estate Fund closed with 3,200 shares changing hands at $6.70.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Jamaica Money Market Brokers concluding trading with 579,863 ordinary shares changing hands to close 10 cents lower to $6.90 and Proven Investments ended trading with 9,810 shares trading lower by 0.05 cent to 18 US cents.Preference| Jamaica Public Service 9.5% preference share traded 881 units at $1,125 and Jamaica Money Market Brokers 7.50% preference share ended with 1,460,887 shares changing hands to close $2.
Kremi trades 10.5M shares
Activity on the Junior Market closed with 7 securities traded and ending with 11,322,313 units changing hands valued at $8,890,752 as Caribbean Cream was the dominant stock trading. Stocks and Securities sold 10,516,480 of the Caribbean Cream’s shares as the selling broker. Barita Investments bought 10 million of the shares at 74 cents, on behalf of client.
The JSE Junior Market Index declined 2.21 points to close at 713.54. No stock gained on Wednesday, while only 1 declined. At the close of the market, there were 2 stocks with bids higher than their last selling prices and 1 with the offer that was lower. The junior market ended with 4 securities closing with no bids to buy and 5 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Caribbean Producers closing with 97,396 units trading, the price slipped 5 cents to $2.10, Caribbean Cream ending with 10,517,782 units trading to close at 76 cents, General Accident ending with 55,705 shares changing hands to close at $1.70. Lasco Distributors finished with 129,060 shares trading at $1.50, Lasco Financial ended trading with 1,900 units at $1.15, Lasco Manufacturing closed with 500,470 units to close at $1.15 and Medical Disposables finished with 20,000 shares at $1.80.
JSE close up on Wednesday
The Jamaica Stock Exchange closed with 22 securities trading on Wednesday, accounting for 47,574,512 units valued at $46,962,041. Gleaner company traded over 32 million units at 85 cents each and Caribbean Cream with 10.5 million units between 74 and 76 cents each.
At the end the main indices rose as 5 stocks gained in price.
J$ stable vs US dollar – Tuesday
Inflows of foreign exchange into the system continued to be buoyant on Tuesday with almost equal buying and selling of foreign currencies by dealers. Purchases of all currencies amounting to US$43,926,359 compared with the US$47,161,608, on Monday. Selling was for the equivalent of US$42,891,279 versus US$47,139,887 sold on Monday.
In US dollar trading, dealers bought US$38,670,944 compared to US$42,803,483 on Monday. The buying rate for the US dollar put on 12 cents to $115.20 and US$39,072,048 was sold versus US$40,580,251 on Monday, the selling rate remained at $115.59. The Canadian dollar buying rate rose 86 cents to $90.33 with dealers buying C$2,683,965, and selling C$1,674,055, at an average rate that fell $1.72 to $91.25. The rate for buying the British Pound climbed 24 cents to $176.26 for the purchase of £1,519,693, while £1,232,276 was sold, at an average rate of $178.37, up by 63 cents. At the end of trading it took J$131.24 to purchase the Euro, 18 cents less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.71 for 38 cents lower than on Monday. Other currencies bought, amounted to the equivalent of US$825,594 while the equivalent of US$596,186, was sold.
Highs & Lows| The highest buying rate for the US dollar rose 15 cents to $115.95 and the lowest buying rate climbed $4.93 to $94.36. The highest selling rate remained at $121.12. The lowest selling rate fell 16 cents to $94.36. The highest buying rate for the Canadian dollar fell 20 cents to $92.50, the lowest buying rate dropped $1.02 to $72.54. The highest selling rate gained 59 cents to $95.50 and the lowest selling rate fell $1.30 to $87.40. The highest buying rate for the British Pound, dropped 30 cents to $179.10. The lowest buying rate fell 21 cents to $142.30, the highest selling rate dipped 27 cents to $183.45 and the lowest selling rate climbed $1.75 to $171.45.
JMMB crosses 5M of its shares
JMMB big in house share exchange on Tuesday
At the end of trading on the Jamaica Stock Exchange, the prices of 9 stocks rose, 5 declined as 27 securities changed hands, ending in 7,105,912 units trading, valued at $40,386,959, in all market segments.
Main Market| The JSE Market Index lost only 0.09 points to 79,880.66, the JSE All Jamaican Composite index declined by a mere 0.18 points to close at 88,028.58 and the JSE combined index gained 0.69 points to close at 81,799.97.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 7 stocks with bids higher than their last selling prices and 3 with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of the close in the main market are, Caribbean Cement finishing with 20,000 shares while gaining 24 cents to $2.85, Gleaner closing with 100 shares to gain 2 cents at 85 cents. Jamaica Money Market Brokers with 5,146,081 ordinary shares, gained 7 cents to $7, Kingston Wharves traded 850 shares with the price jumping 20 cents to $5.75. National Commercial Bank traded only 7,853 shares to end with an increase of 2 cents to a new 52 weeks’ closing high of $22.02 and Sagicor Group with 12,644 shares trading 6 cents higher to close at $10.31.Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless ending trading with 311,206 units at 48 cents, Grace Kennedy closed with 9,728 units to end at $60, Jamaica Broilers concluding trading with 30,300 shares at $4.02, Sagicor Real Estate Fund ended trading 215 shares at $6.70.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Scotia Group closed with 13,433 shares trading lower by 20 cents to $20.80 and Supreme Ventures in trading 100 units, the price slipped 3 cents to $1.82.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 15,800 units to end with an increase of 1 cent to $3.04 and Proven Investments 8% preference share traded 135,400 units changing hands to close at $5.
Trading picked up on junior market
Activity on the Junior Market closed with 10 securities traded, ending with 1,402,202 units changing hands valued at $2,643,265. The JSE Junior Market Index gained 0.09 points to close at 715.75, with the prices of 2 stocks advancing and 3 declining.
At the close of the market, there was 1 stock with the bid higher than the last selling price and 2 stocks with offers that were lower. The junior market ended with 4 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Blue Power closing with 127,163 shares to end with an increase of 5 cents at $6.35, Caribbean Producers closing with 78,145 shares, the price gained 5 cents to $2.15, Jamaican Teas finished with 32,214 shares changing hands to close 5 cents lower to $2.51, KLE Group closed with 54,000 shares trading 1 cent down at 99 cents, Lasco Financial ending trading with 500 shares 5 cents lower to $1.15. Derrimon Trading ended up closing with 100 shares changing hands, at $2.04. General Accident closed with 100 shares trading at $1.70, Consolidated Bakeries had 220 units trading at 90 cents, Caribbean Cream closing with 1,000 shares changing hands at 76 cents, Eppley 9.5% preference share ending with 13,235 units trading at $6, Honey Bun finishing with 196,849 shares at $1.91, Lasco Distributors finished with 30,174 shares trading at $1.50 and Lasco Manufacturing ending with 868,502 shares changing hands to close at $1.15.
JSE closes with moderate change
Trading was slow on the Jamaica Stock Exchange on Tuesday and ended with marginal change to the market indices.
The attached chart shows the bids and offers at the close of the market with the volumes of the lowest offers and highest bids. The chart provides investors with much more information than have been made available to the general public. Investors can get some indication of supply and demand posted in the market with the immediate volumes on the bid to buy or the amounts on offer, at the disclosed prices. What is shown represents only the stocks on offer to sell and the amounts being purchased at the prices shown. IC Insider will now be posting this chart daily.
5 stocks rose 5 declined on TTSE
NCB stock is in demand on TTSE supply limited
At the close of the market, the Composite Index lost 0.43 points to close at 1,148.51, the All T&T Index fell by 1.20 points to close at 1,979.11 and the Cross Listed Index increased by a mere 0.05 points to end at 41.63.
Gains| Stocks increasing in price at the close are, ANSA McAL put on 5 cents to end at $66.82, while 1,000 units were traded. Clico Investment Fund Traded 21,297 shares valued at $479,194 and gained 1 cent to close at $22.50, National Commercial Bank contributed 66,650 shares at $1.21, up by 2 cents. National Commercial Bank closed with 200,350 shares on the bid at $1.21 and stocks on offer at $1.35 to sell 20,000 units. National Flour gained 4 cents to end at $1.50, while trading 147,850 shares for a value of $221,775 and Scotiabank gained 1 cent, to end at $62.21 with just 100 shares.
Declines| The stocks declining at the end of trading are, Guardian Holdings trading 10,000 shares but lost 4 cents to end at $13.06, Jamaica Money Market Brokers trading 20,000 shares to close with a loss of 2 cents and finished at 43 cents. Massy Holdings trading 3,140 shares valued at $199,708, to close with a loss of 4 cents to a new 52 weeks’ low of $63.60, Republic Bank with 223 shares trading, closed lower by 9 cents at $118.40 and Trinidad Cement had 193,689 shares changing hands for a value of $449,831 and fell 20 cents to close at $2.30.Firm Trades| Stocks closing with prices unchanged at the end of trading are, Prestige Holdings traded 6,506 shares at $9.90, Sagicor Financial Corporation traded 10,000 shares at $5.25, Scotia Investments ended at $1.45 while trading 44,015 shares and West Indian Tobacco end at $125 for a value of $160,625 after 1,285 units were traded.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator shows 5 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.
JSE market report at 12:05 Tuesday
Trading remained subdued in Trading on the JSE so far. the market Indices gained marginally except for a slight decline in the Junior market index. The all Jamaica is up 30.42 the JSE market index gained 27.20 and the Combined index is up 10.55 with the decline in junior market stocks negating the gains in the main market.
