JSE | Proven dominates
In a slow and uneventful day on the Jamaica Stock Exchange, Proven 8 percent preference shares almost dominated trading with 995,382 units trading at a value of $5 million, but that was not to be, as the ordinary shares did even better with 510,650 units switching hands at 11 US cents each with a value of US$56,171.50. Grace Kennedy, with $1.44 million coming from 26,858 shares, was the next most traded stock followed by Scotia Group with 28127 shares valued at $591,087, investors spent $524,777 on National Commercial Bank’s 28,933 units and Kingston Wharves traded 82,298 units valued at $493,788. NCB traded between $18.10 and $18.50 while it last traded at $18.10, Sagicor Life between $7.60 and $8 and closed at $7.60, Scotia Group closed at $21, but traded between $21 and $21.30, while Lasco Manufacturing traded between $10.50 and $10.70 at which it last traded.
Carreras gained 97 cents to close at $56 to be the largest price mover on the day. Desnoes & Geddes traded up 24 cents to close at $4.30 on 10,000 shares, Lasco Manufacturing closed at $10.70, slipped by 35 cents. Other prices changes were moderate. 7 stocks gained while 5 declined to maintain the positive advance to decline ratio for the week to date.
A stand-off between buyers and sellers continued on the local stock exchange today, as the market slowly claws its way back from this year’s low, reached when the government announced new budgetary measures to increase revenues and reduce interest cost. In the process, the all Jamaican composite index gained 465.66 points at the end of trading to end up at 82,489.34, the JSE index closed up 264.51 points at 83,813.92. The junior market slipped nearly 4 points to close at 623.90 on a day of slow trading when 856,224 ordinary shares valued at $9,104,725.61 traded. In addition there were 1.02 million preference shares trading valued at $51.47 million. This is a slight increase over Wednesday when 725,220 traded at $5.09.
Eight stocks closed the day with bids above last selling price. This is down from 9 on Wednesday.
TTSE | Higher prices on cards for T&T stocks
At the end of today’s trading, 7 stocks in the main market have no offers, while there are 5 stocks that have bids above the last selling price, indications that higher prices are ahead for this market where trading has been slow but with tight supplies.
Trading activity on the main market of the Trinidad & Tobago stock exchange was very low, with only 165,916 shares crossing the floor of the Exchange with a value of $4,549,069.45. Only 8 securities traded with Angostura Holdings increasing by climbing $0.39 to end the day at $9.50, 3 declined moderately and 4 traded firm. Neal & Massy Holdings was the volume leader with 70,650 shares for a value of $4,168,350, followed by Trinidad Cement with a volume of 55,000 shares traded for $52,250. First Caribbean International Bank contributed 29,381 shares with a value of $235,048, while Sagicor Financial Corporation traded 9,130 shares valued at $63,842.45.
Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 131,400 shares valued at $2,759,667.40 while declining by $0.01 to end at $21.00.
