Trading on the Trinidad Stock Exchange ended with 15 securities changing hands of which 3 advanced, none declined and 12 traded firm with a total of 444,178 units, valued at $7,464,120.
At the close of the market, the Composite Index rose 0.83 points to close at 1,150.83, the All T&T Index gained 1.67 points to close at 1,985.66 and the Cross Listed Index remained at 41.37.
Gains| Stocks increasing in price at the close are, ANSA Mcal 4,916 $66.76 with a 1 cent gain, National Flour Mills contributed 20,860 shares to close at $1.39 with an increase of 4 cents, West Indian Tobacco gained 89 cents to end at $123, after trading 600 shares, for a new 52 weeks’ high.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings ending trading with 156 units at $1.98, Ansa Merchant Bank trading 1,000 shares to close at $38.90. Clico Investment Fund traded 175,000 shares valued at $3,989,580 to end at $22.80, First Citizens Bank with 64,800 shares being traded valued at $2,332,830, ended at $36, Guardian Holdings added 19,679 shares valued at $260,747 to close $13.25, Jamaica Money Market Brokers closed with 6,582 shares traded at 40 cents. National Commercial Bank traded 7,014 units to close at $1.16, Massy Holdings traded 1,043 shares at $67.50, Scotiabank traded 35 units at $62 and Trinidad Cement with 139,378 shares changing hands for a value of $313,601 closed at $2.25.
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 6 stocks with offers that were lower.
No stock fell on TTSE
More stocks fall than rise on JSE
Thursday’s activity on the Jamaica Stock Exchange, resulted in the prices of 7 stocks rising, 10 declining as 26 securities changed hands, ending in 7,488,109 units trading, valued at $56,492,650, in all market segments. This marks the 6th day out of the last seven trading days that declining stocks over powered advancing ones.
Main Market| The JSE Market Index lost 561.70 points to 76,715.98, the JSE All Jamaican Composite index fell 628 points to close at 84,490.34 and the JSE combined index declined by 603.28 points to close at 78,453.58.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator continues to reflect a bullish tone with 11 stocks having bids higher than their last selling prices and 4 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Berger Paints ending with 304,683 shares while gaining 1 cent to $1.56, Cable & Wireless in trading 180,243 units, closed with a gain of 2 cents at 50 cents. Carreras closed with 30,173 shares trading, rising 10 cents to $38.70, National Commercial Bank had 1,225,960 units changing hands and put on 10 cent to $20 and Scotia Investments closed with 400 shares to end with an increase of 49 cents at $23.
Firm| The stocks in the main market to close without a change in the last traded prices are, Ciboney ending with 103,600 shares changing hands at 7 cents, Gleaner finishing with 41,928 shares trading at 81 cents, Mayberry Investments in trading 5,980 units closed at $1.98 and Supreme Ventures closed with 1,856 shares trading at $2.15 units.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Caribbean Cement trading 25,445 units with the price slipping 1 cent to $2.36, Grace Kennedy with 46,589 shares trading, fell 40 cents at $62, Jamaica Broilers had 18,920 shares changing hands to close 1 cent lower to $4, Pan Jamaican Investment closed with 400 units to end down by $3.49 to $52.01. Proven Investments ended with 621,276 units with the price falling 0.4 cents 20.6 US cents, Sagicor Group finished with 233,229 shares and fell 12 cents to $10, Scotia Group had 155,896 units trading as the price slipped 5 cents to $20.05 and Seprod closed with 14,000 shares trading lower by 20 cents to $11.90.
Preference| Jamaica Money Market Brokers 7.50% preference share traded 1,133,000 units trading to end at $2.
1 rose 5 fell as TTSE weakens
Trading on the Trinidad Stock Exchange ended with 11 securities changing hands of which one advanced, 5 declined and 5 traded firm with a total of 49,273 units, valued at $557,750.
At the close of the market, the Composite Index lost 0.45 points to close at 1,150.00, the All T&T Index fell by 0.91 points to close at 1,983.99 and the Cross Listed Index remained at 41.37.
Gains| National Flour Mills with 16,479 shares changing hands closed 9 cent higher at $1.35 and is the sole stock gaining on Thursday.
Declines| The stocks declining at the end of trading are, Angostura Holdings trading 413 shares for a 2 cents fall, to close at $1.98. Guardian Holdings contributed 9,427 shares with a value of $124,928, to close 1 cent down, at $13.25, the price of Guardian Media shares declined by 1 cent to close at $19.75, with just 100 shares changing hands. Massy Holdings suffered a loss of 47 cents to close at $67.50 with 300 units and Republic Bank traded only 16 shares to close with a loss of 1 of cent at $118.74.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA Mcal contributing 762 shares to end at $66.75, Ansa Merchant Bank closing unchanged at $38.90, while just 73 units changed hands. First Citizens Bank added 6,241 shares valued at $224,716 to close at $36.01, One Caribbean Media closed with 3,086 shares trading to close at $23.95 and Trinidad Cement closed at $2.25 while 12,376 shares traded.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator remained negative with only 2 stocks with the bid higher than their last selling prices and 6 stocks with offers that were lower.
2 stocks rose 2 fell on junior market
Activity on the Junior Market closed with 8 securities traded, ending with 3,330,531 units valued at $4,414,484 changing hands. The JSE Junior Market Index declined 8.05 points to close at 676.03, with the price of 2 advancing and 2 declining.
At the close of the market, there were 6 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. The junior market ended with 6 securities closing with no bids to buy and there were 6 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Honey Bun, ending with 16,000 shares, climbed 5 cents to $2, Lasco Manufacturing in concluding transactions in 22,160 units trading, the price gained 2 cents to $1.20. Derrimon Trading closing with 217,196 units trading as the price slipped 5 cents to $2.05, Lasco Distributors closing with 267,000 shares trading lower by 12 cents at $1.18, Caribbean Cream closed with 2,760,000 shares changing hands at 75 cents, Caribbean Flavours ended trading, with 44,000 units at $2.20, Jamaican Teas debenture ended with 14,000 units trading at $100 and Knutsford Express finished with 4,175 units with the price falling $5.80.
Kingston Properties sells property
Kingston Properties sold its office and warehouse property located at 83 Hagley Park Road effective January 6, 2015 for approximately Two Hundred and Thirty Million Dollars ($230 million). The property was sold to Medical Disposables & Supplies a junior market listed company.
“Net proceeds of the sale are expected to be invested in other properties. Over the five years holding period, Total Return which includes annual cash yield and capital appreciation, net of transactions costs was 13.2% annually,” the company said in a release to the Jamaica Stock Exchange.
Kingston Properties is primarily involved in the ownership and rental of commercial properties in the Kingston area and residential units in Miami. The company reported rental income of $77.4 million up from $66.6 million in the nine months to September 2013 and net profit of $4.5 million.
Trading picks up 4 stocks fell 2 up
Activity Trading on the junior market picked up somewhat on Wednesday to end with 8 securities traded resulting in 1,161,661 units valued at $1,552,165. The JSE Junior Market Index declined 8.68 points to close at 684.08, with the price of 2 stocks advancing and 4 declining.
At the close of the market, there were 6 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. The junior market closed with 4 securities closing with no bids to buy. There were 6 securities that had no stocks being offered for sale.
Stocks trading are, AMG Packaging in trading 20,000 shares gaining 30 cents to $2.49, Caribbean Producers ending with 55,000 shares trading, the price gained 5 cents to $2.10, Caribbean Cream finishing with 80,000 shares changing hands at 75 cents, Caribbean Flavours with 43,500 shares trading lower by 1 cent, to end at $2.20. Lasco Distributors concluded trading with 404,380 units, the price fell 10 cents to $1.30, Lasco Financial finished with 34,427 shares trading and fell 5 cents to $1, Medical Disposables in traded 103,776 shares and fell 15 cents to $1.70 and Lasco Manufacturing finished with 420,578 shares trading at $1.18.
3 up 3 down on TTSE
Trading on the Trinidad Stock Exchange ended with 14 securities changing hands, 3 advanced, 3 declined and 8 traded firm with a total of 148,171 units, valued at $2,592,483.
At the close of the market, the Composite Index rose 0.31 points to close at 1,150.45, the All T&T Index rose fell by just 0.61 points to close at 1,984.90 and the Cross Listed Index remained at 41.37.
Gains| Stocks increasing in price at the close are, ANSA Mcal with 1,493 shares changed hands at 23 cents higher to $66.75, Guardian Holdings traded just 89 units at $13.26 to gain 1 cent and West Indian Tobacco landed 80 units at a cent higher than Tuesday to end at $122.11, for a new 52 weeks’ high.
Declines| The stocks declining at the end of trading are, Clico Investment Fund lost 10 cents to close at $22.80 as 92,235 shares valued at $2,108,976 change hands, Scotiabank traded 724 shares to close at $62 and lost 2 cents and Trinidad Cement with 7,273 shares being traded ended at $2,25 for a 5 cents fall.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings that exchanged 4,419 shares at $16, Ansa Merchant Bank contributing 170 shares in trading to end at $38.90. Berger Paints Trinidad traded 100 units as the price closed unchanged at $3.65, First Citizens Bank traded 3,185 shares to close at $36, Jamaica Money Market Brokers with 30,000 shares changing hands, closed at 40 cent. National Enterprises traded 250 shares at $17.34, One Caribbean Media traded 3,153 units to close at $23.95 and Sagicor Financial Corporation contributed 5,000 shares to close at $5.49.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator showed 3 stocks with the bid higher than their last selling prices and 5 stocks with offers that were lower.
NCB trades at new high of $21
National Commercial Bank (NCB) closed with the price unchanged on Tuesday, but the stock traded at a new high of $21 during trading, as investors react positively to the group’s December results and hike in dividend payment. NCB has only 159,257 units posted on offer in the market at the close, between $22 and $33. Demand ranges from $19.80 down to $16. There are bids amounting to 217,950 units posted to buy at $19 or higher.
Activity on the Jamaica Stock Exchange, resulted in the prices of only 3 stocks rising, 6 declining as just 18 securities changed hands, ending in 2,915,904 units trading, valued at $27,617,128, in all market segments.
Main Market| The JSE Market Index lost 2.49 points to 77,059.90, the JSE All Jamaican Composite index fell 2.79 points to close at 84,874.85 and the JSE combined index declined 5.67 by points to close at 78,932.63
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 11 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower.
Gains| The sole stock gaining at the last traded price is Carreras with 76,616 shares trading, to gain 38 cents at $38 at the close.
Firm| The stocks in the main market to close without a change in their last traded prices are, Berger Paints in concluding trading in 15,500 shares with the price holding at $1.55. Kingston Wharves with 330 shares changing hands, closed at $5.60, NCB closed with 1,042,580 shares trading at $20, but after it traded at a new 52 weeks high of $21, Sagicor Group had 87,652 units exchanged at $10.20 and Supreme Ventures closed with 188,628 units trading, to close at $2.15.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless closing with 1,147,040 units trading, the price slipped 1 cent to 50 cents. Gleaner contributed 38,200 shares trading lower by 1 cent to 81 cents, Grace Kennedy closed with 235 shares changing hands to end up 43 cent lower at $62.57, Hardware & Lumber ended trading with 4,500 units, as the price slipped 14 cents to $7.51. Jamaica Broilers finished with 51,000 units trading as the price declined 1 cent to $4 and Proven Investments ended with 41,445 units trading as the price slipped 0.02 cent to 21 US cents.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 103,000 units at $3, Proven Investments 8% preference share traded 40,300 units to close at $5.
BOJ sells to forex market again
Bank of Jamaica intervened in the forex market on Tuesday for the second consecutive day by selling into the system, helping to swell the amounts traded to the $50 million mark. The intervention did not stop slippage in the Jamaican dollar as it fell in value against the US and the British Pound, but gained on Canadian dollar. Purchase of all currencies by dealers, translated to US$51,232,598 compared with the US$79,904,490, on Monday and selling amounted the equivalent of US$49,400,152 versus US$79,481,863 sold on Monday.
In US dollar trading, dealers bought US$47,569,610 compared to US$75,875,427 on Monday. The buying rate for the US dollar rose 4 cents to $115.50 and US$47,164,249 was sold versus US$74,047,298 on Monday, with the selling rate climbing 2 cents to $115.77. The Canadian dollar buying rate increased by $1.24 to $91.65 with dealers buying C$1,666,842, and selling C$1,086,045, at an average rate that dropped 14 cents, to $92.84. 
The rate for buying the British Pound rose 65 cents to $172.44 for the purchase of £1,473,816, while £693,617 was sold, the rate rose 46 cents to $174.61. At the end of trading it took J$130.29 to purchase the Euro, 10 cents higher than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.01, an increase of 35 cents over Monday. Other currencies bought, amounted to the equivalent of US$139,997 while the equivalent of US$318,885, was sold.
Highs & Lows| The highest buying rate for the US dollar, dipped $1.10 to $115.90 and the lowest buying rate rose 5 cents to $94.36. The highest selling rate was unchanged at $120.91, while the lowest selling rate rose $2.03 to $96.22. 
The highest buying rate for the Canadian a dollar fell 37 cents to $93.63, the lowest buying fell 46 cents to $73.41. The highest selling rate fell $1.77 to $95.23 and the lowest selling rate eased 55 cents to $88.45. The highest buying rate for the British Pound, jumped $1.40 to $175.80. The lowest buying rate rose 50 cents to $139.11, the highest selling rate remained at $178.69 and the lowest selling rate was up 60 cents to $167.60.
Cargo Handlers profit up 43%
Junior market Cargo Handlers, reported their first quarter results to December, last year, continuing the strong growth trend of the 2014 fiscal year, with another impressive increase in operating revenue which jumped 40 percent over 2013, to $62 million. Profit was up by 43 percent to $40 million, ending with earnings per share of 96 cents. Other income fell from $6.8 million to $341,000.
Trading on the Junior Market was very low but for lack of buying interest but more due to sellers holding out for higher prices and in a number of cases there is no selling interest for nearly a third of the listings.
The market closed with only 4 securities traded and ended with 78,878 units valued at $142,210. The JSE Junior Market Index declined 0.35 points to close at 692.76, with the price of 1 advancing and none declining. At the close, there were 5 stocks with bids higher than their last selling prices and only 1 stocks with the offer that was lower. The junior market closed with only 3 securities closing with no bids to buy. There were 7 securities that had no stocks being offered for sale.
Stocks trading are, Caribbean Producers closing with 970 shares and gained 1 cent to $2.05, Blue Power ending with 1908 units changing hands at $6.51, Eppley 9.5% preference share traded 10,000 units at $6 and Lasco Financial ended trading with 66,000 shares at $1.05.
