Daily Trading — Page 1012

Cross Trades dominate market

Summary for Monday, April 29, 2013 | For the overall market, 5,287,397 units valued at over $65,329,899 traded with 8 stocks advancing and 8 declining.

In another slow trading day stocks on the Jamaican stock exchange were mostly unchanged in price compared to Friday’s close. The early trading was dominated by crosses (that’s when the same broker sells and buy the stock) carried out by Barita Investments in 1,038,373 Scotia Group valued at $20.87 million, 539,406 Grace Kennedy shares valued at $29.4 million, 63,452 Pan Jamaican Investment shares valued at $3.18 million and 1.944 million Mayberry Investments shares valued $3.9 million.

The main market | Recorded low trading volume in the other stocks that traded, in keeping with a slow market which has been the characteristic for several days. Hardware & Lumber gained 30 cents on small volume to close at $4.10, Grace slipped 45 cents to close at $54.55, Carreras was up 70 cents to $54.20 at close of trading, while Sagicor Life put on 19 cents to reach $8.19 and Supreme Ventures lost 15 cents to close at $2.60. Beleaguered Carib Cement shed 10 cents to fall to 60 cents at the end of trade and NCB gave up 55 cents to close at $18.01 two days after six months results were released showing lower figures for the same period in 2012, while Scotia Group fell 50 cents to close at $20.50

Junior market | Trading of stocks in the junior market appears to be where wider investors’ interest lie, with the three Lasco companies attracting the bulk of the interest. At the end of trading, Lasco Distributors traded 83,060 shares valued at $830,000, Lasco Financial Services traded 182,830 shares valued at $1,371 million, while Lasco Manufacturing had 70,000 shares changing hands at a value of $752,000. Paramount Trading accounted for 395,205 shares valued $1.186 million, while the stock slipped 20 cents, to close down at $3. General Accident Insurance price gained moderately, to close at $1.64 with 34,400 shares changing hands. Dolphin Cove saw 61,305 units trading at $8 per share while interest seems to be slowly building in Caribbean Producers with 102,000 units trading. but the price remained unchanged at the close of trade.

Trinidad Cement dominates T&TSE

Trading Summary 29 Apr 2013 | Eleven securities traded of which 3 advanced, 2 declined and 6 closed at the same price they traded on Friday.

In another slow and uneventful day of trading on the Trinidad Stock exchange, the market was dominated by Trinidad Cement Limited, the volume leader with 1,147,809 shares changing hands for a value of TT$1,147,809 in overall trading of 1,255,128 shares valued at TT$2,639,620.86 in the main market. Cement was followed by the Barbados controlled Sagicor Financial Corporation with 69,519 shares being traded for $477,200.49 with a price gain of $0.36 to close at $6.86. The Jamaican investment banking group, Jamaica Money Market Brokers Limited contributed 12,900 shares with a value of $5,676 while shedding 1 cent to close at $0.44 or J$6.90, while Scotiabank Trinidad & Tobago Limited accounted for 7,773 shares valued at $536,580.43.

Clico Investment Mutual Fund Market traded 10 shares valued at $211.90 while dropping $0.01 to end at $21.19.

The market seems to have support at current levels, with a large portion of stocks either having bids on or around their last selling price at the close of trading, while 6 stocks had bids above their last selling prices. Stocks with buying interest above the last sale prices are, Agostini, Angostura Holdings, Grace Kennedy, National Flour Mills, Scotia Investments, and West Indian Tobacco with a bid of TT$97.05 which last traded at TT$97.01with no stock on offer at the market close.

This market seems poised to slowly move higher during the year.