Rising JSE stocks dominated – Friday

Trading commenced in First Rock Capital on Friday on both the Main and US dollar markets of Jamaica Stock Exchange. The market closed with rising stocks outperforming decliners and pushed the gains for the week to just under 5,000 points.  
At the close, the JSE All Jamaican Composite Index advanced 3,121.11 points to close at 538,262.01, the JSE Market Index rose 2,814.17 points to 490,002.61 and the JSE Financial Index gained 0.67 points to 132.78.
The market closed with 43 securities changing hands in the Main and US dollar markets with the prices of 20 advancing, 12 declining and 11 trading firm. The JSE Main Market activity ended with 38 securities accounting for 15,728,098 units for $58,677,916 in contrast to 16,632,332 units valued at $128,247,176 from 41 securities on Thursday.
Wigton Windfarm led trading with 7.3 million shares for 46.5 percent of total volume. Sagicor Select Financial Fund followed with 5.4 million units for 34.3 percent of the day’s trade and Sagicor Select Manufacturing and Distribution Fund ended with 1.2 million stock units for 7.4 percent market share.
The Market closed with an average of 413,099 units valued at an average of $1,544,156 for each security traded, in contrast to 405,667 units valued at an average of $3,127,980 on Thursday. The average volume and value for the month to date amount to 605,686 units valued at $2,739,272 for each security changing hands compared to 617,823 units valued at $2,820,081 for each security traded. Trading in January resulted in an average of 626,134 units valued at $3,511,981 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows ten stocks ending with bids higher than their last selling prices and six closing with lower offers. The PE ratio of the market ended at 19, while the Main Market ended at 18.1 times the 2019 earnings.
In the prime market, Barita Investments shed $1.01 to settle at $67, in trading 8,010 shares, Berger Paints lost 41 cents swapping 1,600 units in closing at $16.59, Caribbean Cement ended 50 cents lower to $70, with an exchange of 27,626 shares, Eppley traded 695 units at $16, after falling by 30 cents. Grace Kennedy advanced by $3.80 to $71, after transferring 69,870 stock units, Jamaica Broilers closed 65 cents higher to $35.80, with 63,490 shares changing hands, Jamaica Stock Exchange rose $1.50 to $31 in trading 23,798 units. Mayberry Jamaican Equities gained $1.19 to settle at $11, in swapping 81,038 shares, NCB Financial Group advanced to $187.01, with gains of $3.01 after exchanging 21,791 units. 138 Student Living ended 49 cents higher to reach 52 weeks’ high of $8.50, in transferring 75,621 stock units, PanJam Investment declined by $1.44 to close at $99.51 after trading 35,581 shares. Sagicor Group advanced $1.40 to $70.50 exchanging 36,185 units, Scotia Group gained 65 cents and ended at $54, in transferring 54,800 stock units. Seprod closed at $53, after climbing $3 with 40,018 shares changing hands, Supreme Ventures lost 99 cents to settle at $22.01, in swapping 92,596 stock units and Sygnus Credit Investments advanced by 95 cents to $26.95, with an exchange of 101,488 shares.
Trading in the US dollar market ended with 114,825 units at US$57,386. The market declined by 2.41 points to close at 229.80. JMMB Group 5.75% preference share traded 16,500 units at US$2, Margaritaville Turks rose 2.3 cents in exchanging 10 units at 35 US cents. Proven Investments transferred 64,865 units at 31 US cents, Sterling Investments swapped 16,500 shares at 2.7 US cents and Sygnus Credit Investments lost 1 cent to settle at 17 US cents, with 16,950 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Junior Market week ends with a fall

The Junior Market ended the week in much the same fashion as it started with the index down 49.96 points to close at 2,947.43 as heavily weighted Lasco Manufacturing lost 39 cents and was the stock that had the most impact of the fall of the index.

Lasco Manufacturing lost 39 cents to help drive the Junior market index down sharply


The market activity ended with 33 securities changing hands, resulting in the prices of 14 securities advanced, 13 declined and 6 remained unchanged and exchange of 1,456,692 units valued at $4,641,336 compared to 5,022,418 units for $14,719,026 from 34 stocks on Thursday. The average PE ratio of the market closed at 13.8 times 2019 earnings.
Trading closed with an average of 44,142 units for $140,647 for each security traded in contrast to 147,718 units for an average of $432,913 on Thursday. The average volume and value for the month to date amounts to 152,223 units valued at $403,151 and previously 142,718 valued at $423,343. In contrast, January closed with an average of 137,619 units valued at $521,935 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows three stocks ended with bids higher than their last selling prices and one with lower offers.
At the close of the market, AMG Packaging ended 9 cents higher at $1.99 with 33,687 stock units trading, CAC 2000 closed trading of 10,000 units and gained 50 cents to end at $13, Cargo Handlers exchanged 20,403 shares and declined by 35 cents to settle at a 52 weeks’ low of $7.50. Caribbean Cream traded 24,000 shares and gained 30 cents to end at $3.65. Caribbean Producers climbed 19 cents and exchanged 12,052 shares at $5, Consolidated Bakeries traded 1,175 units and gained 14 cents to end at $1.79, Derrimon Trading dipped 3 cents in swapping 19,259 units at $1.97. Elite Diagnostic climbed 30 cents after exchanging 5,309 shares at $4.80, Everything Fresh closed trading of 41,300 units and gained 6 cents to end at $1, Express Catering swapped 14,894 units and gained 5 cents to end at $5.85. Fontana dipped 22 cents trading 131,290 units at $6.70, Fosrich lost 9 cents to settle at $3.86 with 1,014 units changing hands, General Accident fell 5 cents in trading of 8,097 units at $6.20. Honey Bun climbed 75 cents and exchanged 97,687 shares at $7.25, Iron Rock Insurance closed trading of 100 units and gained 66 cents to end at $3.95, ISP Finance fell $2.10 in trading of 3,340 units at $20. Jetcon Corporation declined by 2 cents to settle at $1.56 with 3000 stock units crossing the market, Key Insurance dropped 15 cents to close at $2.90 with an exchange of 6,145 shares, Knutsford Express lost 40 cents in trading of 1,900 units at $9.50. Lasco Financial climbed 10 cents and exchanged 45,147 shares at $3.40, Lasco Manufacturing declined by 39 cents to settle at $4.01 with 40,121 units changing hands, Limners and Bards dipped 15 cents to $2.74 with 123,008 units traded. Lumber Depot ended with a transfer of 174,180 units and gained 2 cents to end at $1.51, Mailpac Group exchanged 499,877 shares to close at $1.95 after falling 2 cents, Main Event ended at $5.37 after losing 3 cents and swapping 1,630 shares. Medical Disposables closed trading of 14,430 units and gained 22 cents to end at $5.50 and Stationery and Office Supplies gained $1.14 to end at $9.30 with 7,500 shares crossing the exchange.

Prices of securities trading for the day are those at which the last trade took place.

T&TSE index drops – Friday

The Trinidad & Tobago Stock Exchange stocks lost grounds with all three leading indices slipping on Friday with reduced trading.
The T&T Composite Index lost 5.40 points to close at 1,512.61. The All T&T Index declined by 8.21 points to 1,932.83, while the Cross Listed Index closed with a loss of gained 0.35 points to end at 147.97.
The market ended with 11 securities changing hands with the prices of three gaining, two declining while six remained unchanged.
Trading resulted in an exchange of 291,161 shares for $4,521,674, compared to 414,886 shares for $5,835,043, with 16 securities trading on Thursday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of eight stocks higher than their last selling prices and one with a lower offer.
Gains| JMMB Group added 1 cent to end at $2.69, with investors trading 14,773 stock units, Massy Holdings rose 50 cents after exchanging 1,862 shares to finish at a 52 weeks’ high of $62.50 and Republic Holdings gained 49 cents and closed trading with 8,726 shares at 52 weeks’ high of $144.75.
Losses| NCB Financial traded 257,620 shares and lost 5 cents at $11.25 and Trinidad & Tobago NGL shed 9 cents in transferring 1,873 shares to close at $20.80.
Firm Trades| First Citizens Bank exchanged 870 stock units to settle at $51, First Caribbean International Bank exchanged 1,000 units at $7.89, Prestige Holdings traded 186 units to end at $8.99, Scotiabank swapped 64 units to end at $62.50. Trinidad Cement exchanged 68 units at $1.85, Unilever traded 2,350 shares at $21, LJ Williams B share traded 445 shares at $1.60 and West Indian Tobacco dropped $1.49 and closed at $38 with 1,578 stock units changing hands.
There will be no trading on the exchange on Monday and Tuesday due to the carnival celebration. Trading will resume on Wednesday.
Prices of securities trading are those at which the last trade took place.

More slippage for JSE Main Market

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The Jamaica Stock Exchange at the close on Thursday and shed some of the recent gains up to Tuesday, but with the value of securities trading, falling from Wednesday’s levels with higher volume.
All Jamaican Composite Index declined by 1,407.36 points to close at 535,140.90 at the close, the JSE Market Index dropped 1,263.11 points to 487,188.44 and the JSE Financial Index lost 0.45 points to 132.11.
Trading closed, with 45 securities changing hands in the Main and US dollar markets with the prices of 21 advancing, 13 declining and 11 trading firm. The JSE Main Market activity ended with 41 securities accounting for 16,632,332 units valued $128,247,176 in contrast to 13,058,687 units for $207,850,962 from 42 securities on Wednesday.
Wigton Windfarm led trading with 6.7 million shares accounting for 40 percent of total volume. Sagicor Select Financial Fund followed with 3.4 million units for 20 percent of the day’s trade and Sagicor Select Manufacturing & Distribution Fund, with 3.3 million shares, accounted for 14 percent of market share.
The Market closed with an average of 405,667 units valued at $3,127,980 for each security traded, in contrast to 424,688 units valued at $5,069,536 on Wednesday. The average volume and value for the month to date amount to 617,823 units for $2,820,081 for each security changing hands compared to 633,300 units for $2,795,851 for each security traded. Trading in January resulted in an average of 626,134 units valued at $3,511,981 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows eleven stocks ending with bids higher than their last selling prices and three closing with lower offers. The PE ratio of the market ended at 19, while the Main Market ended at 18.1 times 2019 earnings.
In the prime market, Barita Investments lost 98 cents to close at $68.01 after transferring 26,332 shares Grace Kennedy dropped $1.80 to $67.20, with 28,164 shares changing hands, Jamaica Stock Exchange lost $1.90 to close at $29.50 with 532,239 units crossing the market. JMMB Group closed 40 cents lower to $45, after transferring 80,251 shares, Kingston Wharves jumped $3.99 to close at $59, in swapping 6,790 units. 138 Student Living climbed $1.35 to close at 52 weeks’ high of $8.01, with an exchange of 183,238 shares. Proven Investments gained $1 to end at $48.50, in transferring 2,975 units, Pulse Investments closed $1.40 higher to a 52 weeks’ closing high of $12.40, after swapping 101,690 shares. Sagicor Group gained $1.20 trading 99,963 shares to close at $69.10, Salada Foods declined $1.53 to $26 after trading 12,646 units, Supreme Ventures rose $1 to end at $23, after transferring 11,976 shares. Sygnus Credit Investments gained $1.30 to settle at $26, in swapping 27,517 shares and in the preference segment, 138 Student Living rose $1 exchanging 1,364 shares at $6.
Trading in the US dollar market ended with 243,645 units valued at over US$61,593. The market index gained 1.56 points to close at 232.21. JMMB Group 6% preference share traded 1,748 units to end at 99 US cents, Proven Investments transferred 171,650 units at 31 US cents, Sterling Investments traded 38,293 shares at 2.7 US cents and Sygnus Credit Investments gained 2 cents in exchanging 31,954 units at 18 US cents.

T&T stock market moves higher – Thursday

The Trinidad & Tobago Stock Exchange stocks gained on Thursday with financial market stocks continuing to contribute most to the rise of the market with two from the sector hitting new 52 weeks highs.
The T&T Composite Index added 6.86 points to close at 1,518.01. The All T&T Index rose 13.23 points to 1,941.04, while the Cross Listed Index closed with a loss of gained 0.5 points to end at 148.27.
The market ended with 16 securities changing hands with the prices of five gaining, two declining while nine remained unchanged.
Trading resulted in an exchange of 414,886 shares for $5,835,043, compared to 452,688 shares for $13,232,899, with 11 securities trading on Wednesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of five stocks higher than their last selling prices and two with lower offers.
Gains| Ansa Merchant Bank traded 50 stock units to close at a 52 weeks’ high of $38.88 after surging $2.83, Clico Investment closed 2 cents higher at $28.52, with 113,772 units crossing the exchange, First Citizens Bank added $1 and exchanged 900 stock units to settle at $51. Massy Holdings rose 62 cents after trading 5,499 shares to finish at a 52 weeks’ high of $62 and Republic Holdings gained 75 cents and closed trading with just 12 shares at 52 weeks’ high of $144.26.
Losses| Agostini’s traded 42 shares and lost 1 cent to end at $25.50 and Trinidad & Tobago NGL shed 9 cents in transferring 55,060 shares to close at $20.80.
Firm Trades| First Caribbean International Bank exchanged 2,100 units at $7.89, Grace Kennedy traded 126,254 units at $3.95. Guardian Holdings ended with 6,073 shares trading at $22, but the stock closed with the bid at $22.52 to buy 20,000 units, JMMB Group fell 2 cents to end at $2.68, with investors trading 102,664 stock units, National Enterprises had 74 shares crossing the exchange at $5.51. Prestige Holdings traded 186 units to end at $8.99, Scotiabank traded 1,709 units to end at $62.50, Trinidad Cement closed with 68 units changing hands at $1.85 and West Indian Tobacco closed at $39.49 while swapping 423 stock units.

Prices of securities trading are those at which the last trade took place.

 

Junior Market gains more

Trading on the Junior Market of the Jamaica Stock Exchange saw the market making more recovery on Thursday with the market Index rising 19.74 points to close at 2,996.89 for three days in a row.
The market settled with 34 securities changing hands, resulting in an exchange of 5,022,418 units valued at $14,719,027 compared to 10,921,039 units valued at $36,285,573 from 33 on Wednesday. At the close of market activities, the prices of 15 securities advanced, 9 declined and 10 remained unchanged and resulted in the PE ratio of the market closing at 13.8 times 2019 earnings.
Trading ended with an average of 147,718 units for an average of $432,913 in contrast to 330,941 units for an average of $1,099,563 on Wednesday. The average volume and value for the month to date amounts to units 142,718 valued at $423,343 and previously 142,287 units valued at $422,520. In contrast, January closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Access Financial climbed $1.30 to settle at $28.50, with 938 shares changing hands, Blue Power gained 10 cents after exchanging 990 shares at $4.50, Caribbean Producers closed 1 cent higher at $4.81, with 4,100 stock units trading, Dolphin Cove shed 5 cents in trading of 189 units at $9.45. Elite Diagnostic closed trading of 53,536 units and gained 47 cents to end at $4.50, Express Catering rose 45 cents to end at $5.80 and finished with an exchange of 15,200 shares, Fontana closed trading with 66,918 stock units, after gaining 12 cents to end at $6.92. General Accident declined 25 cents in transferring 6,639 units at $6.25, GWest Corporation gained 5 cents to $1.05 exchanging 11,019 shares, Honey Bun declined by 68 cents to settle at $6.50, in trading 283,346 shares, Indies Pharma closed 20 cents higher to $2.70 and exchanged 59,370 shares. Jamaican Teas gained 35 cents to settle at $6.70, with 75,665 shares changing hands, Jetcon Corporation traded 4,017 shares, after rising 33 cents to close at $1.58, KLE Group closed with 48,634 units changing hands and gained 16 cents to end at $2.20, Knutsford Express swapped 6,179 shares at $9.90, after losing 10 cents. Lasco Distributors declined 10 cents in trading 2,485,710 units at $3.05, Lasco Financial closed 22 cents higher at $3.30, with 122,462 stock units trading, Limners and Bards closed 24 cents higher at $2.89, with 16,628 stock units trading. Lumber Depot ended with a loss of 1 cent at $1.49, with 58,017 stock units changing hands, MailPac declined 2 cents in trading of 709,347 units at $1.97. Main Event lost 10 cents exchanging 13,593 shares to close at $5.40, Medical Disposables closed trading of 18,200 units and gained 9 cents to end at $5.28. SSL Venture Capital gained 8 cents to settle at $1.20, with an exchange of 1,900 shares and Stationery and Office Supplies closed 94 cents lower to $8.16, in transferring 20,000 units.

Prices of securities trading for the day are those at which the last trade took place.

More gains for Junior Market – Wednesday

The Junior Market Index advanced by 38.12 points to close at 2,977.15 on Wednesday. Trading ended with 33 securities changing hands, with the prices of 13 securities advancing, 11 declining and 5 remaining unchanged.
The market closed with an exchange of 10,921,039 units valued at $36,285,573 compared to 5,262,765 units valued at $15,028,751 from 34 securities on Tuesday.
Trading ended with an average of 330,941 units at $1,099,563 for each security traded in contrast to 154,787 units for an average of $442,022 on Tuesday. The average volume and value for the month to date amounts to units 142,287 valued at $422,520 and previously 125,090 units valued at $360,800. In contrast, January closed with an average of 137,619 units valued at $521,935 for each security traded. The average PE ratio for the Junior Market ended at 13.5 based on 2019 earnings.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows five stocks ended with bids higher than their last selling prices and none with lower offers.
At the close of the market, AMG Packaging jumped 39 cents to $1.90 with just 100 shares traded, Consolidated Bakeries landed at $1.65 after falling 12 cents in trading of 201,000 units, Derrimon Trading closed 3 cents higher at $2, with 39,335 stock units crossing the exchange. Everything Fresh ended with a loss of 1 cent at 94 cents with 45,302 stock units changing hands, Express Catering shed 35 cents in trading of 47,944 units at $5.35, Fontana closed 10 cents higher at $6.80, with 1,065,837 stock units trading. General Accident dropped 20 cents in the swapping 194,089 units at $6.50, Honey Bun exchanged 29,177 units at $7.18, after declining 12 cents, iCreate lost 3 cents in trading 35,292 shares to close at 70 cents. Iron Rock Insurance fell 6 cents to $3.29 with 300 units crossing the exchange, Jamaican Teas ended trading with 46,888 shares, after rising 35 cents to end at $6.35, Knutsford Express settled at $10 after jumping70 cents with an exchange of 5,356 shares. Lasco Distributors closed trading of 2,731,290 units and gained 10 cents to end at $3.15, Lasco Financial climbed 8 cents and exchanged 113,033 shares at $3.08, Lasco Manufacturing ended trading with 778,250 units and gained 50 cents to close at $4.40. Limners and Bards ended 5 cents higher at $2.65, with 75,541 stock units trading, Lumber Depot finished with a loss of 1 cent at $1.50 with 160,568 stock units changing hands, MailPac slipped 1 cent and traded 451,095 stock units to close at $1.99. Main Event exchange 24,407 shares to finish at $5.50 after falling 47 cents, Medical Disposables closed 9 cents higher at $5.19, with 42,589 stock units trading, Paramount Trading closed with 34,800 units crossing the exchange and gained 20 cents to end at $1.90. SSL Venture exchanged 1,885 units and gained 2 cents to end at $1.12 and Stationery and Office Supplies gained 30 cents to end at $9.10 with 14,454 units crossing the market. CAC 2000 9.5% preference share ended with 1,129 shares to close at a 52 weeks’ low of 85 cents after falling 5 cents.

Prices of securities trading for the day are those at which the last trade took place.

JSE Main Market pulls back

The Jamaica Stock Exchange shed some of the gains accumulated over the past four days as the value of stocks trading rose well over Tuesday’s levels, but with lower volume.
All Jamaican Composite Index declined by 1,388.73 points to close at 536,548.26, at the close on Wednesday, the JSE Market Index dropped 1,256.86 points to 488,451.55 and the JSE Financial Index lost 0.29 points to 132.56.
The market closed with 45 securities changing hands in the Main and US dollar markets with the prices of 12 advancing, 18 declining and 15 trading firm. The JSE Main Market activity ended with 42 securities accounting for 13,058,687 units valued at $207,850,962 in contrast to 17,938,463 units valued at $135,316,853 from 42 securities on Tuesday.
Sagicor Select Financial Fund led trading with 4.1 million shares, and accounting for 31.5 percent of total volume, Wigton Windfarm followed with 2.45 million units for 18.8 percent of the day’s trade and QWI Investments with 1.8 million shares accounted for 14 percent of market share.
The Market closed with an average of 424,688 units valued at $5,069,536 for each security traded, in contrast to 427,106 units valued at an average of $3,221,830 on Tuesday. The average volume and value for the month to date amount to 633,300 units for $2,795,851 for each security changing hands compared to 649,717 units at $2,601,640 for each security traded. Trading in January resulted in an average of 626,134 units valued at $3,511,981 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows ten stocks ending with bids higher than their last selling prices and one closing with a lower offer. The PE ratio of the market ended at 20.5, while the Main Market ended at 19.8 times 2019 earnings.
In the prime market, Eppley added $1.30 to settle at $16.30 in trading 1,304 units, Grace Kennedy rose $1.38 to $69, with 3,825 shares changing hands, JMMB Group closed 79 cents lower to $45.40, after transferring 119,466 shares, Kingston Wharves dropped $4.99 to close at $55.01, in swapping 15,569 units. 138 Student Living added $1.28 to close at 52 weeks’ high of $6.66, with an exchange of 52,425 shares. PanJam Investment closed at $100.94, with gains of $1.74 trading 559,598 shares, Proven Investments lost 58 cents to end at $47.50, in transferring 4,456 units, Pulse Investments closed $1.15 higher to a 52 weeks’ closing high of $11, after swapping 134,751 shares. Salada Foods declined by $4.47 to $27.53 trading only 700 units, Scotia Group ended at $53.11, with a loss of 89 cents after transferring 771,557 shares. Seprod lost $1 and closed at $50, with 543,758 shares changing hands, Sygnus Credit Investments shed $1.21 to settle at $24.70, in swapping 34,376 shares and Wisynco Group lost 30 cents exchanging 123,760 shares at $22.50.
Trading in the US dollar market ended with 231,872 units valued at over US$205,111. The market index gained 0.14 points to close at 230.65. JMMB Group 5.75% preference share lost 10 cents trading 89,732 to end at US$2, Proven Investments transferred 27,032 units at 31 US cents, Sterling Investments traded 8,517 shares at 2.7 US cents and Sygnus Credit Investments exchanged 106,591 units at 16 US cents.
Prices of securities trading for the day are those at which the last trade took place.

TTSE rise with one stock gaining – Wednesday

Republic Holdings closed at a 52 weeks’ high on Wednesday.

The Trinidad & Tobago Stock Exchange indices gained on Wednesday with just one rising and edged out by those declining.  
The T&T Composite Index added 2.48 points to close at 1,511.15. The All T&T Index rose 2.42 points to 1,927.81, while the Cross Listed Index closed with a loss of gained 0.35 points to end at 148.27.
The market ended with 11 securities changing hands with the prices of one gaining, three declining while seven remained unchanged.
Trading resulted in an exchange of 452,688 shares for $13,232,899, compared to 291,062 shares for $6,574,500, with 14 securities trading on Tuesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of five stocks higher than their last selling prices and none with a lower offer.
Gains| Republic Holdings gained 75 cents and closed trading with 4,490 shares at 52 weeks’ high of $144.26.
Losses|JMMB Group fell 2 cents to end at $2.68, with investors trading 44,649 stock units, Massy Holdings lost 10 cents and exchanged 2,415 shares to finish at $62 and Trinidad & Tobago NGL shed 10 cents in transferring 11,955 shares to close at $20.89.
Firm Trades| Clico Investment closed at $28.50, with 313,709 units crossing the exchange, First Caribbean International Bank exchanged 14,245 units at $7.89, First Citizens Bank exchanged 43,777 stock units to settle at $50. NCB Financial exchanged 4,966 shares at $11.30 and Prestige Holdings traded 166 units to end at $8.99, Scotiabank traded 12,217 units to end at $62.50 and West Indian Tobacco closed at $39.49 while exchanging 99 stock units.

Prices of securities trading are those at which the last trade took place.

4 for 1 stock split for Pulse Investment?

Investors in Pulse Investment can look forward to a stock split that is likely to see each existing stock split into four units when it becomes effective.The directors have not yet met to determine the exact amount of the split or the total number of shares that likely to be offered for sale later, but at Tuesday’s annual general meeting, the Chairman gave shareholders some sense as to what the outturn could be.
At the general meeting, shareholders approved a resolution “That the company be authorized to issue any or all of new shares pursuant to a Rights Issue or Stock Split or both, as the Directors may determine.” The company is not only planning to split the stock but is likely to come to the market for fresh capital to assist with its venture into residential development and investments into other companies. The meeting was told of the progress being made in the hospitality sector with occupancy said to range from 30 percent up to 100 percent at various times of the year. Rental of commercial space had very high occupancy rates. The modeling segment continues to add new talent with good demand coming from overseas for some of the models.

Kingsley Cooper Chairman of Pulse Investments.

The Chairman explained to shareholders that the sum of $377 million shown in the financial statement as income represents amounts covering production expenses relating to TV shows and advertising entitlement sold or used by the company. For the 2019 fiscal year, Pulse reported profit of $688 million up from $315 million in 2018. For the six months to December 2019, the company reported profit of $230 million for the quarter versus $102 million and $473 million for the six months compared with $229 million in 2018. Operating revenues were $163 million for the December quarter and $312 million for the half-year. Fair value gains on investment property contributing $145 million to profit in the second quarter and $291 million for the half-year. Earnings per share ended at 14 cents for the quarter and 29 cents for the six months. Pulse is trading at $11.30 on Wednesday morning on the Jamaica Stock Exchange.