JSE majors fall back on Tuesday

Trading in the main market of the Jamaica Stock Exchange closed on Tuesday with stocks rising outnumbering those falling. The market indices fell back at the close the JSE Market Index fell 878.85 points to 235,245.62, with the All Jamaica Composite Index declining 964.58 points to close at 258,195.81 and the JSE US dollar market index closed at 200.45.
At the close of trading, 25 securities changed hands with 2 trading in the US dollar market, leading to 7 stocks advancing and 7 declining. Trading in the main market ended with 3,513,896 units valued at $221,929,673 changing hands compared to 2,726,092 units valued at $27,555,950 at the close on Monday. Trading in the US dollar market accounted for 51,800 units valued at US$42,613.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 6 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 140,556 units valued at $8,877,187 for every security traded compared to an average of 113,587 units valued at $1,148,165 on Monday. The average volume and value for the month to date ended at 202,407 units with an average value of $4,580,773 compared with an average of 207,165 units with an average value of $4,250,279 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
In market activity, Barita Investments traded 250 shares at $7, Berger Paints closed at $17.50, after losing 32 cents with an exchange of 9,200 shares, Cable and Wireless closed at $1.15 with a fall of 5 cents trading 30,000 stock units, Caribbean Cement gained 40 cents to close at $26.90 trading 7,290 shares, Carreras closed at $86.70, with a loss of 9 cents in exchanging 1,832 units, Grace Kennedy closed at $41, with 50,060 units changing hands, Jamaica Broilers closed at $18, with gains of 38 cents trading 3,325 shares, Jamaica Producers closed at $15.85, with an exchange of 1,658 units. Jamaica Stock Exchange traded 5,000 shares at $6.90, JMMB Group lost 50 cents to close at $19.50, with 9,100 units changing hands, Kingston Properties gained 25 cents, closing at $10.25 with 900 units, Kingston Wharves traded 77 cents higher to close at $27.78, with an exchange of 200 shares, Mayberry Investments closed at $4.50, with a loss of 80 cents trading 2,100 shares, NCB Financial Group closed at $72, after exchanging 3,009,420 shares, 1834 Investments closed at $1.50, with 27,400 units changing hands, PanJam Investment exchanged 280 shares at $33.99. Portland JSX Fund closed at $9.95, with a loss of 5 cents trading 18,100 units, Pulse Investments traded 3,859 shares at $17, Radio Jamaica exchanged 117,000 shares at $1.60, Sagicor Group closed at $34.20 trading 36,453 shares while Sagicor Real Estate fund gained 5 cents, closing at $11.15 with 68,441 shares trading. Scotia Group closed at $43.55 exchanging 2,390 shares, Scotia Investments traded 50 cents higher, closing at $37 with 706 units changing hands, Seprod gained $1 to close at $30, with 18,000 units traded while Supreme Ventures closed at $7, as the price lost 50 cents with 90,932 shares changing ownership. Proven Investments closed at 26 US cents trading 18,300 ordinary shares and JMMB Group US 6% preference share closed at US$1.13, with a gain of 0.01 US cent with 33,500 units traded.

 

JSE Majors in big recovery on Monday

The main market of the Jamaica Stock Exchange recovered all the losses it incurred on Thursday and Friday and more putting it back ahead of the closing level at the end of trading on Monday last week but below the close of the prior trading day. The All Jamaica Composite Index jumped 2,627.40 points to close at 259,160.39, the JSE Market Index climbed 2,393.86 points to 236,124.47 and the JSE US dollar market index gained 12.75 points to 200.45.
At the close of trading, 24 securities changed hands in the main market with 1 trading in the US dollar market, leading to 12 stocks advancing and 9 declining. Trading in the main market ended with 2,726,092 units valued at just $27,555,950 changing hands compared to 4,265,878 units valued at $141,120,152 at the close on Friday. Trading in the US dollar market accounted for 5,100 units valued at US$1,326.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 6 stocks with bids higher than their last selling prices and 1 with a lower offer.
The main market ended trading with an average of 113,587 units valued at a mere $1,148,165 for every security traded compared to an average of 185,473 units valued at a mere $6,135,659 on Friday. The average volume and value for the month to date ended at 207,165 units with an average value of $4,250,279 compared with an average of 214,963 units with an average value of $4,508,789 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
In market activity, Barita Investments gained 95 cents to close at $7, with an exchange of a mere 300 shares, Berger Paints gained 51 cents and closed at $17.82, with 39,256 shares trading, Cable and Wireless closed at $1.20, with 83,500 stock units changing hands, Caribbean Cement closed at $26.50, losing 50 cents in trading 2,000 shares, Carreras fell 11 cents in exchanging 1,359 units at $86.79, Grace Kennedy closed at $41, with 61,334 units changing hands, Jamaica Broilers closed at $17.62, with a loss of 38 cents trading 207,100 shares, Jamaica Producers lost 15 cents to close at $15.85, with an exchange of 2,658 units. Jamaica Stock Exchange lost 10 cents to close at $6.90 exchanging 2,029,200 shares, JMMB Group gained $1 to close at $20 trading 5,128 units, Kingston Properties traded 224 shares at $10, Mayberry Investments gained 30 cents to close at $5.30, trading of 17,037 units, NCB Financial Group traded $1 higher to close at $72, after exchanging 14,563 shares, 1834 Investments closed at $1.50, gaining 15 cents with 12,600 units changing hands, PanJam Investment gained 69 cents, in closing at $33.99 trading 672 shares. Portland JSX closed at $10, with gains of 5 cents, exchanging 20,000 units, Pulse Investments traded 50 cents lower to close at $17, with 1,649 shares changing owners, Sagicor Group closed at $34.20, losing 54 cents while trading 33,954 shares. Salada Foods closed at $10, with an exchange of 1,428 units, Scotia Group gained 55 cents to end at $43.55, trading 69,399 shares, Seprod lost 50 cents to close at $29, with 1,000 units traded while Supreme Ventures closed at $7.50, after gaining 24 cents with 71,331 shares changing hands. Proven Investments closed at 26 US cents, with gains of 0.02 US cents in trading 5,100 ordinary shares, JMMB 7. 5% preference share closed at $2, gaining 10 cents with an exchange of 50,000 units and ISP Finance bond traded 5,000 units at a record of $1.10 to gain 10 cents.

Will Berger jump TOP 10?

Berger Paints is one of IC Insider’s TOP 10 stocks.

The news IC insider broke a few weeks ago, have been confirmed on Friday with Ansa McAl entering an agreement to acquire the Berger Caribbean operations. What impact that will have on trading in Berger Jamaica shares this week, with the price having slipped to $17.31 at the end of trading on Friday, is unknown?
In a week when the All Jamaica composite index fell 4,089.25 points and the junior Market fell 63.94 points, no stock exited or entered the top lists. The movement of prices in recent weeks, suggest that investors can make gains by bottom fishing, when investors push some prices down. Market movement continues to be constrained by near term resistance levels acting as short term restraint to a break out from current levels for the time being.
The markets offer some good opportunities for bottom fishing, with General Accident falling to a low of $2.30 during the week before rebounding to close at $2.80. Caribbean Producers seems attractively priced, with 2018 earnings as the target with the price having fallen to $3.03 with some large volumes trading around that level.
Last week, IC insider.com reported that tTech demand is building while selling has eased with limited supply being shown in the market. This week, the price inched higher to $8.55 from $7.75 at the close of the previous week. Elsewhere, NCB Financial Group is hitching for a major breakout from a wedge formation, the stock is in good demand in Trinidad with a price around J$77.
In the main market, earnings per share for Radio Jamaica have been sharply reduced to 25 cents with the latest results for the full year to March coming in below expectations. The stock remains in the TOP 10 list, with improvement expected in the current fiscal year.
The average PE ratio for the Junior Market Top stocks stands at 7.4 and 7.1 in the main market, these compare favourably with 13.4 for the overall main market and 13 for Junior Market, based on 2017 estimated earnings. Several stocks are trading below the average, and have the potential for more gains for the rest of 2017, barring major negative developments.
At the close of the week, IC Insider.com’s TOP 10 Junior Market stocks now trade at an average discount of 45 percent to the Junior Market average, while those in the main market are trading at a 49 percent discount, to the average of the market, leaving stocks with room for growth in the months ahead. At the end of April the reading was 35 percent discount for the juniors and 53 percent for the majors.

Berger to have new owner

Berger Paints Jamaica along with the Berger Paints in Trinidad and Tobago and Barbados will have new owners, later this year as Ansa Coatings International (ACIL), a subsidiary of the sprawling Trinidad and Tobago conglomerate, ANSA McAL Group entered into an agreement with Berger International Private Limited to acquire Lewis Berger (Overseas Holding) Limited.
Lewis Berger (Overseas Holding) owns 51% of the issued share capital in Berger Paints Jamaica. Berger Paints Trinidad and Tobago is 70 percent owned by its parent Lewis Berger and is listed on the Trinidad and Tobago Stock Exchange and last traded on June 12, at TT$4.05, but trades infrequently. Berger Paints Barbados Limited is owned fully by the parent company.
The combined Berger Caribbean business net sales is put at US$35 million, a statement by Ansa McAl states. The completion of the transaction is subject to conditions set out in the agreement between BIPL and ACIL. ANSA Coatings and its subsidiary, produces, market and distributes coatings in the categories of decorative and architectural, wood finishes, automotive, light and heavy duty industrial and marine under the following brands: Penta, Sissons, Glidden, Nexa Autocolor, Aquabase Line, Devoe and International.
Group Chairman and Chief Executive of the ANSA McAL Group, A. Norman Sabga noted that the acquisition will further enhance the Group’s position in the Caribbean architectural coatings market. “Berger is best known for its well-positioned paint brands throughout the region. The architectural coatings industry has enjoyed a period of healthy innovation over the last decade.

Carib Beer brewed in Trinidad by Ansa McAl Group

Through this acquisition, we hope to address an expanded customer base with a broader suite of product offerings and superior levels of customer service and support”, Sabga concluded.

At this stage it is unclear exactly how the new owners when the deal is concluded will move forward with the expanded paint group. The acquisition has far reaching ramification for ANSA Coatings. This means that products imported into Jamaica from Trinidad can be produced in the plant in Jamaica while the two plants in Trinidad can be merged into one, both actions would result in significant savings and improved profit margins. The Barbados could be served by exports out of Trinidad.
ANSA McAL is a diversified Public Conglomerate, listed on the Trinidad and Tobago Stock Exchange, with subsidiaries in Trinidad and Tobago, Barbados, St. Kitts and Nevis, Guyana, Grenada and the USA and involved in the manufacturing, brewing, insurance, finance, real estate, media, shipping, trading/distribution and automotive and industrial equipment retailing sectors.

NCB, JMMB, RJR dominate trading – Friday

NCBFiniancial Group traded more than 1.6 million shares on Friday.

NCB Financial Group with 1.6 million units and Radio Jamaica with 1.5 million and JMMB Group with nearly 600,000 shares were the dominant trades when the Jamaica Stock Exchange closed trading on Friday. At the close of trading, 23 securities changed hands with no trading in the US dollar market, leading to 8 stocks advancing and 6 declining.
At the end of trading, the All Jamaica Composite Index declined 229.82 points to close at 256,532.99, the JSE Market Index lost 209.39 points to 233,730.61 and the JSE US dollar market index closed at 187.70.
Trading in the main market ended with 4,265,878 units valued at $141,120,152 changing hands compared to 12,639,003 units valued at $265,691,928 at the close on Thursday.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 10 stocks with bids higher than their last selling prices and 1 with a lower offer.
The main market ended trading with an average of 185,473 units valued at $6,135,659 for every security traded compared to an average of 468,111 units valued at $9,840,442. The average volume and value for the month to date ended at 214,963 units with an average value of $4,508,789 compared with an average of 217,644 units with an average value of $4,360,892 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
In market activity, Barita Investments gained 5 cents to close at $6.05, with an exchange of 100 shares, Berger Paints closed at $17.31, with 13.963 shares traded, Cable and Wireless closed at $1.20, with 150,718 stock units changing owners, Caribbean Cement closed at $27, gaining 50 cents trading 5,686 shares, Carreras exchanged 1,776 units at $86.90, Grace Kennedy closed at $41, after gaining 23 cents with 19,664 units trading, Jamaica Broilers traded 12,510 shares at $18, Jamaica Producers jumped $1.50 and closed at $16 trading 13,622 units. Jamaica Stock Exchange closed at $7, with an exchange of 14,540 shares, JMMB Group lost 20 cents to close at $19 trading 558,889 units, Kingston Wharves dived $1.53 to close at $27.01, with 19,000 shares changing hands, Mayberry Investments gained 35 cents to close at $5, with trades of 30,040 shares, NCB Financial Group traded $1 lower to close at $71, after exchanging 1,652,807 shares, PanJam Investment lost 20 cents, closing at $33.30 trading 6,030 shares. Pulse Investments closed at $17.50, with gains of 50 cents in exchanging 21,700 shares, Radio Jamaica closed at $1.60, after losing 5 cents while trading 1,537,900 shares, Sagicor Group closed at $34.74, losing 64 cents trading 17,199 shares, Sagicor Real Estate Fund traded 10 cents lower to close at $11.10 with 2,000 shares being exchanged. Salada Foods closed at $10, trading of 300 units, Scotia Group closed at $43 exchanging 134,239 shares, Scotia Investments traded 19,195 shares at $36.50 while Supreme Ventures closed at $7.26, with 33,700 shares changing hands and JMMB Group 7.25% preference share closed at $1.50, gaining 19 cents with trades of 300 units.

 

Big drop in stocks on Thursday

Trading in the main market of the Jamaica Stock Exchange was hit hard with declining stock ending 2 to 1 over advancing ones leading to big fall in the main market indices. At the close on Thursday the All Jamaica Composite Index dropped 2,155.19 points to close at 256,762.81, the JSE Market Index tumbled 1,963.63 points to 233,940.00 and the JSE US dollar market index lost 5.48 points to 187.70.
At the close of trading, 27 securities changed hands with 2 trading in the US dollar market, leading to 8 stocks advancing and 16 declining. Trading in the main market ended with 12,639,003 units valued at $265,691,928 changing hands compared to 5,154,113 units valued at $53,288,691 at the close on Wednesday. Trading in the US dollar market accounted for 47,800 units valued at US$40,223.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 1 with a lower offer.
The main market ended trading with an average of 468,111 units valued at $9,840,442 for every security traded compared to an average of 234,278 units valued at $2,422,213 on Wednesday. The average volume and value for the month to date ended at 217,644 units with an average value of $4,360,892 compared with an average of 192,597 units with an average value of $3,812,937 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
In market activity, Barita Investments closed at $6, losing $1 trading 2,800 shares, Berger Paints traded 69 cents lower to close at $17.31 in exchanging 19,999 shares, Cable and Wireless closed at $1.20, with 126,884 stock units changing, Caribbean Cement closed at $26.50, after losing 10 cents trading 2,940 shares, Carreras advanced $4.90 to close at $86.90, with an exchange of 31,475 units, Grace Kennedy closed at $40.77, losing 23 cents with 196,826 units changing hands, Jamaica Broilers gained 5 cents exchanging 74,526 shares to close at $18, Jamaica Producers closed at $14.50, with gains of 10 cents trading 66,154 units. Jamaica Stock Exchange closed at $7, with an exchange of 31,000 shares, JMMB Group closed at $19.20, losing 30 cents trading 54,696 units, Kingston Properties traded $1.26 lower to close at $10 exchanging 10,000 shares, Kingston Wharves closed at $28.54 with 300 shares changing ownership, NCB Financial Group gained $1.95 and closed at $72, after exchanging 2,964,070 shares, 1834 Investments exchanged 10,473 units at $1.35, 138 Student Living closed at $4.48, with trades of 1,110 units. PanJam Investment lost 50 cents, closing at $33.50 trading 13,090 shares, Pulse Investments closed at $17, losing 40 cents with an exchange of just 607 shares, Radio Jamaica closed at $1.65, with a loss of 1 cent in exchanging 7,102,241 shares, Sagicor Group closed at $34.10, losing 10 cents trading 268,796 shares, Sagicor Real Estate Fund traded 5 cents higher to close at $11.20 with 4,260 shares exchanged. Scotia Group closed at $43, with gains of 30 cents trading 313,510 shares, Scotia Investments lost 50 cents to close at $36.50, with 23,129 units changing hands, Seprod closed at $29.50, gaining 50 cents, with trades of 3,315 shares while Supreme Ventures closed at $7.26, with a loss of 9 cents and 255,820 shares changing hands. Proven Investments rose marginally in exchanging 15,300 ordinary shares at 24.01 US cents, JMMB Group USD 6% preference share closed at US$1.12 with trades of 32,500 units, JMMB 7.5% preference share lost 5 cents to close at $1.90, with an exchange of 60,000 units, JPS 9.5% preference share closed $23 lower, closing at $1,302 with 982 units and JMMB Group 7.5% preference share closed at $1.12, losing 3 cents with trades of 1,000,000 units.

 

JSE main market rose on Wednesday

Trading in the main market of the Jamaica Stock Exchange closed on Wednesday with gains in the market indices but comes against a background of declining stocks out numbering advancing ones. At the close the All Jamaica Composite Index advanced 465.94 points to close at 258,918.00, the JSE Market Index gained 424.53 points to 235,903.63 and the JSE US dollar market index rose 6.89 points to 193.18.
At the close of trading, 22 securities changed hands in the main market with 2 trading in the US dollar market, leading to 5 stocks advancing and 12 declining. Trading in the main market ended with 5,154,113 units valued at $53,288,691 changing hands compared to 11,853,174 units valued at just $109,266,700 at the close on Tuesday. Trading in the US dollar market accounted for 6,586 units valued at US$5,080.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 5 stocks with bids higher than their last selling prices and 3while with lower offers.
The main market ended trading with an average of 234,278 units valued at $2,422,213 for every security traded compared to an average of 515,355 units valued at $4,750,726 on Tuesday. The average volume and value for the month to date ended at 192,597 units with an average value of $3,812,937 compared with an average of 187,966 units with an average value of $4,045,663 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
In market activity, Berger Paints closed at $18, with a loss of 75 cents exchanging 28,700 shares, Cable and Wireless closed at $1.20, with 2,750 stock units changing hands, Caribbean Cement closed at $26.60, after losing 40 cents trading 38,991 shares, Carreras dropped $7 to close at $82, with an exchange of 1,603 units, Grace Kennedy closed at $41 with trades of 23,804 units, Jamaica Broilers lost 5 cents exchanging 76,020 shares to end at $17.95, Jamaica Producers closed at $14.40, with a loss of 10 cents trading 1,000 units. Jamaica Stock Exchange traded 29 cents lower, to close at $7, with an exchange of 4,058,452 shares, JMMB Group ended at $19.50 trading 13,728 units, Kingston Wharves traded $1.96 lower to end at $28.54 with 8,217 shares changing owners, Mayberry Investments added 10 cents to close at $4.65, with trades of 76,027 units, NCB Financial Group closed at $70.05, losing $1.18 after exchanging 147,890 shares, 1834 Investments closed at $1.35, gaining 5 cents with 51,470 shares trading. PanJam Investment closed at $34 trading 19,021 shares, Portland JSX exchanged 21,433 units at $9.95, Pulse Investments added 40 cents, to close at $17.40 trading 125 shares, Radio Jamaica closed at $1.66, gaining 1 cent in exchange of 1,000 shares, Sagicor Group closed at $34.20, with a loss of 1 cent trading 77,412 shares and Sagicor Real Estate Fund traded 15 cents higher to close at $11.15 with 403,600 shares exchanged. Scotia Group closed at $42.70, with a loss of $1.15 exchanging 11,613 shares, Seprod closed at $25, losing 49 cents in trading 4,257 shares while Supreme Ventures closed at $7.35, with a loss of 15 cents as 87,000 shares changed hands. Proven Investments exchanged 3,835 ordinary shares at 24 US cents and JMMB Group USD 5.75% preference share closed at US$1.50 with trades of 2,751 units.

JSE indices rise in soft market – Tuesday

Trading in the main market of the Jamaica Stock Exchange closed on Tuesday with advancing stocks just edging out declining ones and leading the market indices to a mild increase. At the close trading volume and values rose sharply compared to the prior day.
The All Jamaica Composite Index advanced 169.10 points to close at 258,452.06, the JSE Market Index gained 154.07 points to 235,479.10 but the JSE US dollar market index lost 14.16 points to 186.29.
At the close of trading, 23 securities changed hands with 1 trading in the US dollar market, leading to 11 stocks advancing and 9 declining. Trading in the main market ended with 11,853,174 units valued at $109,266,700 changing hands compared to 5,146,243 units valued at just $51,796,808 at the close on Monday. Trading in the US dollar market accounted for 146,047 units valued at US$34,731.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 7 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 515,355 units valued at $4,750,726 for every security traded compared to an average of 197,932 units valued at $1,992,185 on Monday. The average volume and value for the month to date ended at 187,966 units with an average value of $4,045,663 compared with an average of 147,042 units with an average value of $3,957,530 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
In market activity, Berger Paints closed at $18.75, with a loss of 25 cents exchanging 1,220 shares, Cable and Wireless gained 4 cents to close at $1.20, with 129,607 stock units changing hands, Caribbean Cement closed at $27, with gains of 65 cents trading 2,000 shares, Grace Kennedy gained 10 cents and closed at $41, with trades of 51,742 units, Jamaica Broilers exchanged 20,471 shares at $18, Jamaica Producers closed at $14.50, with gains of 40 cents trading 38,624 units. Jamaica Stock Exchange traded 10,113,600 shares and closed 29 cents higher at $7.29, JMMB Group lost $1 to close at $19.50 trading 34,065 units, Mayberry Investments gained 5 cents to close at $4.55, with trades of 150,000 units, NCB Financial Group lost 27 cents to close at $71.23, after exchanging 67,138 shares, 1834 Investments closed at $1.30, with trades of 23,966 shares, 138 Student Living traded 1 cent lower to close at $4.48, with an exchange of 1,420 units. PanJam Investment closed at $34, after adding $1 in trading 28,130 shares, Pulse Investments gained 90 cents, closing at $17 trading 14,585 shares, Radio Jamaica closed at $1.65, losing 1 cent and exchanging 413,162 shares, Sagicor Group closed at $34.21, with a loss of 4 cents trading 46,714 shares, Sagicor Real Estate Fund traded 30 cents higher to close at $11 with 10,821 shares exchanged. Salada Foods lost $1, closing at $10 with 500 units changing hands, Scotia Group closed at $43.85, with gains of $1.25 exchanging 559,823 shares, Scotia Investments gained 50 cents to close at $37, trading 12,970 units, Seprod closed at $29.49, losing 1 cent and trading 4,257 shares while Supreme Ventures closed at $7.50, with 120,059 shares changing hands. Proven Investments lost 0.02 US cents exchanging 146,047 ordinary shares to close at 24 US cents and JMMB 7.5% preference share closed at $1.95, losing 5 cents with trades of 8,300 units.

JSE indices in big dive on Monday

The main market indices of the Jamaica Stock Exchange dropped sharply at the close on Monday with a number of stocks declining out pacing those advancing by some distance. The All Jamaica Composite Index declined 2,339.28 points to close at 258,282.96, the JSE Market Index fell 2,131.35 points to 235,325.03 and the JSE US dollar market index gained 0.45 points to 200.45.
At the close of trading, 26 securities changed hands in the main market with 1 trading in the US dollar market, leading to 7 stocks advancing and 12 declining and one traded at a 52 weeks’ intraday high. Trading in the main market ended with more shares traded on Monday than on Friday but with less value. The volume traded ended with 5,146,243 units valued at $51,796,808 changing hands compared to 3,645,879 units valued at $88,098,872 at the close on Friday. Trading in the US dollar market accounted for 2,720 units valued at US$707.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 10 stocks with bids higher than their last selling prices and 1 with lower offers.
The main market ended trading with an average of 197,932 units valued at $1,992,185 for every security traded compared to an average of 140,226 units valued at a mere $3,388,418 on Friday. The average volume and value for the month to date ended at 147,042 units with an average value of $3,957,530 compared with an average of 139,772 units with an average value of $4,238,293 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
In market activity, Barita Investments closed at $7 exchanging 10,000 units, Berger Paints closed at $19, with gains of 25 cents trading 5,555 shares, Cable and Wireless traded 9 cents lower to close at $1.16, with an exchange of 37,000 stock units, Caribbean Cement closed at $26.35, with a loss of $1.65 trading 31,186 shares, Carreras exchanged 8,057 shares at $89, Grace Kennedy closed at $40.90, losing $2.10, trading 231,886 units, Jamaica Broilers gained 35 cents to close at $18, with 130,40 shares changing hands, Jamaica Producers closed at $14.10, with a loss of $1.90 trading 51,088 units. Jamaica Stock Exchange traded 20 cents lower to close at $7, with an exchange of 86,306 shares, JMMB Group lost 50 cents to close at $20.50, exchanging 24,890 units, Kingston Wharves closed at $30.50, with 14,734 shares traded, Mayberry Investments lost 57 cents to close at $4.50, with trades of 15,000 units, NCB Financial Group closed at $71.50, after exchanging 206,040 shares, 1834 Investments closed at $1.30, losing 15 cents with 931,796 shares changing hands. PanJam Investment closed at $33, with a loss of $1 trading 4,200 shares, Portland JSXtraded 5 cents lower to close at $9.95, with an exchange of 1,000 units, Pulse Investments lost 40 cents, closing at $16.10 trading 5,520 shares, Radio Jamaica closed at $1.66 exchanging 936,672 shares, Sagicor Group closed at $34.25, losing 13 cents with trades of 21,918 shares, Sagicor Real Estate Fund traded 30 cents higher to close at $10.70 with 25,561 shares being exchanged. Salada Foods gained $1, closing at a 52 weeks’ high of $11 with 220 units changing hands, Scotia Group closed at $42.60, with gains of 59 cents exchanging 195,958 shares, Seprod closed at $29.50 trading 200,548 shares, Sterling Investments exchanged 3,100 units at $15.50 while Supreme Ventures traded 1 cent higher to close at $7.50, with 65,203 shares changing hands. Proven Investments gained 0.02 US cents trading 2,720 ordinary shares to close at 26 US cents and JMMB Group 7.5% preference share closed at $1.15, with trades of 1,902,400 units.

Moderate trading continues on TTSE

Trading on the Trinidad & Tobago Stock Exchange remained subdued with moderate volume and few price changes on Monday. At the market’s close 12 securities changed hands compared to 13 on Friday, 1 stock advanced, 2 declined and 9 held firm.
At the close, 237,462 shares were exchanged at a value of $3,247,098 compared to Friday’s trades of 312,159 valued at $13,109,347.
The Composite Index gained 0.04 points to 1,212.92, the All T&T Index fell 0.53 points to 1,791.71 and the Cross Listed Index rose 0.09 points to 84.99.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 2 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| Sagicor Financial advanced 14 cents, closing at $8.89 with trades of 160,498 shares valued at $1,420,807.
Losses| Massy Holdings closed at a 52 weeks’ low of $50.50, with a loss of 25 cents trading 6,990 shares valued at $352,995 and West Indian Tobacco traded 2 cents lower to close at $126.38 exchanging 23 shares.
Firm Trades| Berger Paints closed at $4.05 trading 200 shares, Clico Investment traded 5,080 shares at $22.51, First Caribbean International Bank closed at $7.70, with an exchange of 24,500 shares. Guardian Holdings remained at $16.20, with 29,396 shares traded at a value of $476,215, National Enterprises exchanged 150 shares at $10.50, National Flour Mills closed trading at $2.20, with 1,500 shares. Republic Financial Holdings closed at $101.90, with an exchange of 3,875 units valued at $394,862, Scotiabank remained at $58 trading 5,000 shares and Scotia Investments closed at $2.50, with 250 shares changing hands.