
ISP Finance up 125% since its 2016 IPO
The market closed with more stock prices declining than those that rose leading to a fall in the market index with 19 securities being active, the highest for since July 11, when a similar number traded. The index closed 35.06 points lower, at 2,158.37 as 5 stocks gained and 7 declined with 1 closing at a new high. A total of 816,187 units traded, valued at $3,553,629.
A total of 7 stocks closed with bids higher than their last selling prices and none ended with a lower offer.
At the close, AMG Packaging closed at $12.50 with 1,000 units changing hands, Blue Power closed with 10,300 units changing hands to close at $13.70 with a loss of $1.30, Caribbean Cream rose 11 cents with 152,336 shares changing hands to close at $6.81, Caribbean Flavours traded 28,448 units to end at $6.53 with a fall of 47 cents. Caribbean Producers traded 52,670 units at $3.25, with a fall of 1 cent, Consolidated Bakeries gained 10 cents in trading 185,000 units at $2.15, Derrimon Trading fell 1 cent to end at $3.06 with 9,627 shares changing hands, Dolphin Cove ended at $13.65 with 5,000 shares trading to gain 74 cents. General Accident traded 44,000 units at $2.05, Honey Bun had 28,735 shares changing hands, to close at $5.50.
Lasco Distributors ended with 40,453 shares changing hands, to end at $7.40, Lasco Financial ended with 93,581 shares changing hands to close at $3.40, Lasco Manufacturing rose 5 cents and closed at $5 with 64,682 shares trading, Medical Disposables traded 18,106 shares and fell 45 cents to close at $3.55. Sweet River traded 1,000 shares and fell 1 cent to close at $3.85, tTech traded 48,502 units to end at $4 and Derrimon Trading preference share ended with 24,148 shares changing hands to close at $2.07.
The Jamaica Stock Exchange recorded gains in the two main market indices at the close on Thursday, but more stocks recorded gains than losses. A total of 44 securities traded, with 19 rising, 10 declining, including 5 stocks rising and 7 declining from the junior market, as the market continues to consolidate.
Cable & Wireless gained 2 cents in trading 126,771 shares to close at $1.19, Caribbean Cement rose 50 cents in trading only 3,498 shares to close at $23, Carreras gained 10 cents in exchanging 1,800 shares at $64.94. Trading in 1834 Investments, resulted in 33,500 shares changing hands to close with a gain of 10 cents at $1.40, Grace Kennedy gained $2.50 to close at $125 with 2,640 shares changing hands, Jamaica Broilers ended with 8,429 shares changing hands and rose 49 cents to $15, Jamaica Producers rose 15 cents in trading 7,850 shares to end at $8.20. Jamaica Stock Exchange dropped 50 cents to end at $22.50 while trading 49,495 shares, JMMB Group fell 4 cents trading 19,849 units to end at $9.95, Kingston Wharves with 20,624 units changing hands and closed at $16. Mayberry Investments ended with 39,431 shares trading to close at $3, National Commercial Bank and gained 50 cents with 5,709 units changing hands, to close at $42.50, Pan Jamaican traded 98,664 shares and rose by 50 cents to end at $25.
Pulse Investments traded just 1,500 shares and gained 40 cents to end at $3.70, Radio Jamaica rose 1 cent to close at $1.43 after 20,330 shares changed hands, Sagicor Group ended with 39,720 shares changing hands and gained 50 cents to $22.50. Scotia Group traded 3,636 shares to end at $30.20, Scotia Investments had 100,000 units changing hands at $25.01 for a fall of $1.09, Seprod had 9,842 units changing hands at $17.40, Supreme Ventures lost 10 cents and ended at $4.70, with 9,000 units changing hands. Proven Investments traded 12,522 units to close at 17 US cents for a rise of 1 US cents and JMMB Group 7.5% traded 90,000 shares to close at $1.10.
The fall in the Lasco share price was in reaction to the company’s first quarter profit after tax of $175.4 million, or 33% more than the same period in 2015.
The Trinidad and Tobago stock market closed on Thursday with 16 securities trading, resulting in 333,279 shares valued at $6,594,263 changing hands. On a day when there were 1 declining stocks, 6 stocks gained and only 9 remained unchanged.
Losses| Point Lisas Industrial Port had 5,572 shares changing hands, with a loss of 10 cents to close at $3.60.
The index closed 12.08 points higher at 2,193.43 as 3 stocks gained and 4 declined with 1 closing at a new high and one at a new low. A total of 1,816,484 units traded, valued at $5,056,429.
Lasco Distributors ended with 9.640 shares changing hands, to end at $7.40, Lasco Financial ended with 84,114 shares changing hands to close 5 cents higher at $3.40. Lasco Manufacturing closed at $5 with 81,326 shares trading, Medical Disposables traded 389,454 shares and gained 45 cents to close at $4, tTech traded 8,456 units to end at $4 and Derrimon Trading preference share ended with 3,500 shares changing hands to close 1 cent lower at a 52 weeks’ low of $2.07.
Clico Investment Fund lost 5 cents and closed with 16,438 shares valued at $373,991 changing hands at $22.75. National Enterprises ended with 5,000 shares changing hands to end with a loss of 11 cents at $10.60, National Flour had 14,633 shares changing hands with the loss of 1 cent, to close at $2.30 and Trinidad and Tobago NGL closed with 21,559 shares valued at $1,186,155 changing hands at $23.75 with a loss of 74 cents.
The Jamaica Stock Exchange recorded gains in all major indices at the close on Wednesday, but more stocks declined than those that recorded gains. A total of 34 securities traded, with 8 rising, 13 declining, including 3 stocks rising and 4 declining from the junior market, as the market continues to consolidate.
At the end of market activities, Cable & Wireless traded 126,763 shares to close at $1.17,
Sagicor Group ended with 4,500 shares changing hands and declined 5 cents to $22. Sagicor Real Estate Fund traded 5,620 shares to close at $10.12, after falling by 38 cents, Scotia Group fell by 30 cents in trading 11,316 shares to end at $30.20, Seprod had 8,600 units changing hands at $17.40 for a rise of 40 cents. Proven Investments traded 819,764 units to close at 16 US cents for a fall of 0.99 US cents. JMMB Group 7.5% traded 600,000 shares while gaining 5 cents to close at $1.10 and Jamaica Money Market Brokers 7.50% preference share traded 191,550 units at $2.09.
Caribbean Cement fell 45 cents in trading 61,670 shares to close at $22.55, Carreras rose $2.49 in exchanging 64,676 shares at $64.99. Trading in 1834 Investments, resulted in 46,006 shares changing hands to close with a gain of 10 cents at $1.30. Grace Kennedy closed at $122.50 after falling by 50 cents, with 17,598 units changing hands. Jamaica Broilers ended with 6,763,178 shares changing hands, to close with a rise of 26 cents at $15, Jamaica Producers traded 60,419 shares and ended at $8.15, Jamaica Stock Exchange rose $1 to end at $23 while trading 20,704 shares. JMMB Group traded 100,100 units and gained 9 cents to end at $9.99, Kingston Wharves climbed 49 cents with 200 units changing hands and closed at $15.99. National Commercial Bank ended with 43,398 units changing hands to close at $42, Pan Jamaican traded 22,126 shares and gained 50 cents to end at $24.50, Portland JSX traded 40,019 shares and lost 1 cent to close at $12.89. Radio Jamaica lost 2 cents to close at $1.37 after 266,334 shares changed hands, Sagicor Group ended with 20,898 shares changing hands and declined 95 cents to $22.04,
Sagicor Real Estate Fund traded 38,447 shares to close at $10.50, Scotia Group rose by 30 cents in trading 124,880 shares to end at $30.50. Scotia Investments had 6,800 units changing hands at $26.10 for a fall of $1.39, Supreme Ventures gained 20 cents in trading 48,268 shares to end at $4.80, Proven Investments traded 60,990 units to close at 16.99 US cents for a rise of 0.99 US cents. JMMB Group traded 5,000 shares while losing 3 cents to close at US$1.05, JMMB Group 7.5% preference share traded 425,253 units at $1.05 and Jamaica Money Market Brokers 7.50% preference share traded 680,580 units at $2.09 after slipping 1 cent.
Firm Trades| Agostini’s traded 2,000 shares, to end at $17.05, Angostura Holdings ended with 5,000 shares changing hands to close unchanged at $13.50, Ansa Merchant Bank traded 37 units at $40, First Citizens traded 55 shares and closed at $35, Prestige Holdings traded 6,000 shares to end at $10.90. Republic Financial Holdings traded only 11 shares to close at $109.98, Sagicor Financial Corporation closed with 17,625 shares changing hands at $7.01, Trinidad Cement closed at $3 with 2,327 units trading and Scotiabank contributed 2,159 shares to end at $55.
The index closed 24.94 points higher at 2,181.35 as 5 stocks gained and 3 declined. A total of 1,483,101 units traded, valued at $7,313,357.
Derrimon Trading rose 1 cent in trading 4,000 shares to end at $3.07,