Juniors treading water- Wednesday

March 2, 2016 by

Lasco Distributors with responsibility to distribute "I Cool" drink, traded the most shares on Wednesday

Lasco Distributors with responsibility to distribute “I Cool” drink, traded the most shares on Wednesday

The junior market eked out a meagre loss on Wednesday with declining stocks exceeding advancing ones by a narrow margin. The market fell 4.94 points to end at 1,943.05 with 12 securities trading of which 4 declined and 3 advanced. The market ended with 2,441,383 units changing hands, valued at $12,192,475.
At the close, 1 security ended with no bid and 7 securities had no stocks being offered for sale. There were 6 stocks closing with bids that were higher than their last selling prices and 5 ended with lower offers.
In trading, Access Financial trading firm with 9,776 units to close at $16.50, AMG Packaging fell 10 cents with 2,270 units changing hands, to end at $13, Caribbean Flavours end trading with 2,000 shares to close at $8.60. JM sum 02-03-16Caribbean Producers had 10,577 units changing hands to close with a gain of 20 cents at $4.80, Consolidated Bakeries traded 100 units to close with a gain of 20 cents at $1.60, General Accident traded 11,484 units but fell 20 cents to end at $2.80. Honey Bun traded 39,099 shares to close at $14, Jamaican Teas lost 60 cents and ended with 36,398 units changing hands at $7, Lasco Distributors closed with 1,209,662 units trading, to end at $5.50. Lasco Financial rose by 10 cents and ended at $3.20 with 30,096 shares changing hands, Lasco Manufacturing ended trading with 1,077,383 shares to close at $4 and tTech traded 12,538 shares to close with a loss of 6 cents at $4.61.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , ,

Advancers overpower decliners on TTSE – Wednesday

March 2, 2016 by

Grace Kennedy closed at a 52 weeks’ high of TT$5 on Wednesday or J$94

Grace Kennedy closed at a 52 weeks’ high of TT$5 on Wednesday or J$94

Trading activity ended on the Trinidad & Tobago Stock Exchange on Wednesday with 65,952 shares valued at $1,124,958 trading with the market indices climbing. The market ended with 13 active securities of which, 4 rose, 1 fell and 8 remained unchanged. Three stocks ended at 52 weeks’ highs and one at a low.
The Composite Index advanced by 1.64 points to close at 1,169.27, the All T&T Index gained 0.06 points to close at 1,898.07 and the Cross Listed Index gained 0.43 points to close at 58.36.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with 5 stocks with bids higher than the last selling price and 10 with offers that were lower.
Gains|Grace Kennedy jumped 10 cents to close at a 52 weeks’ high of $5, while trading 2,481 shares. Grace closed at the equivalent of J$94 much higher than the $83 the stock traded at in Kingston on Wednesday. National Commercial Bank gained 5 cents in trading 16,096 shares, to close at a 52 weeks’ high of $2.45, Prestige Holdings traded 500 shares as the price rose of 1 cent to end at a 52 weeks’ high of $11.02 and Republic Financial Holdings gained 1 cent to close at $112.15 with 275 shares changing hands.
TTSE 02-03-16 Losses| West Indian Tobacco traded 1,018 shares to close at $126.28 after slipping 1 cent.
Firm Trades|Ansa Merchant Bank traded 1,400 units at $38.95, Clico Investments lost 1 cents in trading 11,760 shares to close at $22.50, First Citizens traded 10,000 shares at $35, Guardian Media ended trading with 2,152 shares changing hands at $19.75, JMMB group traded 100,000 shares at 60 cent. Point Lisas closed with 570 shares trading to close at $4, Sagicor Financial Corporation closed with 15,000 shares changing hands at $7 and Trinidad and Tobago NGL closed at $19 with 4,700 units trading.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , ,

JSE’s main indices get hit – Wednesday

March 2, 2016 by

JSE intra 02-03-16The Jamaica Stock Exchange continues to struggle in the early morning session on Wednesday with very moderate trading as investors continue to digest results of companies and the impact of the change in government.
After 75 minutes of the market opening, 27 securities traded, accounting for only 1,657,243 shares changing hands. A total of 7 stocks declined and 10 rose.
The all Jamaica Composite Index dived 1,047.22 points to 170,499.09, the JSE Market Index dropped 937.06 points to 153,498.11, the JSE combined index lost 830.99 points to 162,383.22 and the junior market index rose 5.81 points to 1,953.80.
Lasco Distributors traded steady with 763135 at $5.50, Caribbean Cement rose $1.55 with 104,207 shares to trade at $22.05, JMMB Group traded 254,607 units at $10.50, Jamaica Producers traded 40,581 shares but lost $1 to be trading at $29 and Scotia Investments traded 100,000 to recover from $26.63 at the close on Tuesday to $28.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , ,

24 JSE stocks fall 10 rise – Tuesday

March 1, 2016 by

Exchange place The Jamaican stocks continued to reflect uncertainty and profit taking on Tuesday, with rising securities numbering only 10 while 24 fell as 40 changed hands in all market segments. At the close 1 stock traded at a 52 weeks’ high.
A total of 4,401,550 units valued at just $44,669,845 changed hands in all markets. The junior market accounted for 534,537 units changing hands, valued at $3,813,759.
The JSE Market Index suffered a fall of 2,264.11 points to 154,435.17 the all Jamaica Composite Index dropped 2,530.27 points to end at 171,546.31 and the JSE combined index dropped 2,134.11 points to close at 163,214.21.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 12 stocks with bids higher than their last selling prices and 8 with lower offers.
JSE sum 01-03-16At the end of the market activities, Barita Investments traded 25,000 units and lost 28 cents to close at $3.72, Cable and Wireless fell 5 cents as 67,349 units changed hands to close at $1.45, Carreras closed with a loss of 50 cents at $64.50, while trading 3,290 units. Caribbean Cement shed another $4 on Tuesday on top of a fall of $5.50 on Monday to end at $20.50 with 84,835 shares trading, in continuation of investors reacting negatively to the company reporting lower revenues and profits in the December quarter after taking a hit with redundancy cost. Gleaner Company fell 35 cents to close at $1.95 as 1,010,620 shares changed hands, Grace Kennedy ended with 64,555 shares trading to close at $84 after declining by 50 cents, Jamaica Broilers fell 50 cents after trading 7,984 units to close at $14. Jamaica Producers ended with 6,084 shares changing hands at $30, Jamaica Stock Exchange traded 18,350 shares to end at $21 as the price slipped by $2.50, JSE fn Qts 01-03-16rJMMB Group had 111,852 units changing hands and fell 58 cents to close at $10.42. Kingston Wharves had 2,205 shares trading with a rise of 25 cents at $11.44, Mayberry Investments traded 1,499,312 shares to close with a loss of 29 cents at $4.51, National Commercial Bank had 28,271 shares changing hands but the price fell by 99 cents to close at $40.01. Pulse Investments gained 22 cents while trading 95,000 units at $3.92, Sagicor Group lost 18 cents with 289,270 shares changing hands at $23.02, Scotia Group had 417,956 shares changing hands to close with a loss of $1 at $31, Scotia Investments lost $3.37 with 2,520 units changing hands at $26.63. Supreme Ventures fell by a cent and closed at $5.99 with 6,975 units changing hands and Proven Investments ordinary share traded 13,600 units at 22 US cents.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , ,

4 new highs on TTSE – Tuesday

March 1, 2016 by

FirstCaribbean International Bank jumped 44 cents to close at a 52 weeks’ high of $6

FirstCaribbean International Bank jumped 44 cents to close at a 52 weeks’ high of $6

Trading activity ended on the Trinidad & Tobago Stock Exchange on Tuesday with 306,834 shares valued at $1,432,288 trading with the market indies climbing strongly. The market ended with 13 active securities of which, 5 rose, 4 fell and 4 remained unchanged. Four stocks ended at 52 weeks’ highs and one at a low.
The Composite Index advanced by 7.67 points to close at 1,167.63, the All T&T Index declined by 1.95 points to close at 1,898.01 and the Cross Listed Index gained 2.37 points to close at 57.93.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with 2 stocks with bids higher than the last selling price and 10 with offers that were lower.
Gains| FirstCaribbean International Bank traded 8,000 shares and jumped 44 cents to close at a 52 weeks’ high of $6, Grace Kennedy jumped 19 cents to close at a 52 weeks’ high of $4.90 while trading 2,500 shares, National Flour with 2,056 shares changing hands closed with a gain of 1 cent at $1.81. Sagicor Financial Corporation closed with 41,680 shares changing hands to gain 28 cents at a 52 weeks’ high of $7 and Scotia Investments traded 94,864 shares with a gain of 1 cent to close at a 52 weeks’ high of $1.81.
TTSE 01-03-16 Losses| Clico Investments lost 1 cents in trading 16,088 shares to close at $22.50, Massy Holdings ended with 1,860 shares changing hands as the price slipped $1 to end at a 52 weeks’ low of $58. Republic Financial Holdings lost 1 cent to close at $112.14 with 1,570 shares changing hands and West Indian Tobacco traded 181 shares to close at $126.29 after slipping 1 cent.
Firm Trades| First Citizens traded 55 shares at $35, JMMB group traded 100,000 shares at 60 cents, National Commercial Bank traded 32,980 shares to close at $2.40 and Trinidad and Tobago NGL closed at $19 with 5,000 units trading.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , ,

JSE’s 2nd day of big hits – Tuesday

March 1, 2016 by

The Jamaica Stock Exchange continues to struggle in the early morning session on Tuesday with low trading interest as some companies in the main market report profits that are at levels that do lend strength to the current prices. The market may also be showing uncertainty with the change in government as investors await clear signals of the economic direction of the new government.
JSE intra 01-03-16After 75 minutes of the market opening, 34 securities traded, accounting for only 2,183,719 shares changing hands. A total of 15 stocks declined and 7 rose.
The all Jamaica Composite Index dived 1,901.51 points to 172,175.07, the JSE Market Index dropped 1,701.49 points to 154,997.79, the JSE combined index lost 1,568.71 points to 163,779.61 and the junior market index rose 3.94 points to 1,951.85.
Caribbean Cement fell $4 with 28,835 shares to trade at $20, after the company reported full year results to December last year with earnings of $1.82 after exceptional charges. Gleaner Company traded 990,620 and declined 32 cents after falling by 35 cents in yesterday morning session and now trades at $1.98. Jamaica Broilers fell $1 to $13.50 JMMB Group declined 42 cents to $10.58 the Jamaica Stock Exchange is down 50 cents to $23 and Mayberry Investments traded 401,938 units and lost 29 cents to $4.51 in response to 2015 results that melted away in the final quarter with heavy investment portfolio losses.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , ,

Flat trading for juniors – Tuesday

March 1, 2016 by
General Accident closed at a new 52 weeks' high on Tuesday

General Accident closed at a new 52 weeks’ high on Tuesday

The junior market eked out a meagre gain on Tuesday although declining stocks exceeded advancing ones by a wide margin. The market gained a mere 0.08 points to end at 1,947.99 with 13 securities trading of which 8 declined and 4 advanced, including 1 of that traded at a 52 weeks’ high. The market ended with 534,537 units changing hands, valued at $3,813,759.
At the close, 2 securities ended with no bid and 6 securities had no stocks being offered for sale. There were 7 stocks closing with bids that were higher than their last selling prices and 2 ended with lower offers.
In trading, Access Financial declined by $1 in trading 2,550 units to close at $16.50, Blue Power rose by $1.70 with 188,655 units changing hands, to end at $11, after it posted profits of $25 million in the January quarter, $13 million more than the comparative period last year.  Caribbean Cream lost 52 cents while trading 1,000 shares to close at $3.73. Caribbean Producers had 9,352 units changing hands to close a gain of 5 cents at $4.60, Consolidated Bakeries traded 16,000 units to close with a loss of 10 cents at $1.40, General Accident traded 5,000 units at a 52 weeks’ high of $3 with a gain of 20 cents.JM sum 01-03-16 Honey Bun traded 27,600 shares to gain 20 cents and close at $14, Jamaican Teas lost 10 cents and ended with 2,484 units changing hands at $7.60, KLE Group closed at $1.90 with 32,420 shares changing hands with a loss of 30 cents. Lasco Distributors closed with 108,550 units trading, to end at $5.50, Lasco Financial ended at $3.10 with 22,622 shares changing hands, after falling by 13 cents, Lasco Manufacturing ended trading with 118,104 shares and lost 10 cents to close at $4 and tTech traded 200 shares to close with a loss of 18 cents at $4.67.

Filed Under: Company News Tagged With: , , , , , , , , , , , , , , , , ,

Juniors eased again on Monday

February 29, 2016 by
http://icinsider.com/consolidated-bakeries-profit-falters/

General Accident closed at a new 52 weeks' high on Monday

General Accident closed at a new 52 weeks’ high on Monday

The junior market lost some more ground again on Monday although advancing stocks exceeded declining ones. The market lost 8.37 points to end at 1,947.91 with 14 securities trading of which 4 declined and 5 advanced, including 1 of that traded at a 52 weeks’ high. The market ended with 1,010,904 units changing hands, valued at $5,976,571.
At the close, 2 securities ended with no bid and 6 securities had no stocks being offered for sale. There were 11 stocks closing with bids that were higher than their last selling prices and 3 ended with a lower offer.
In trading, Access Financial traded 4,000 units to close at $17.50, AMG Packaging rose by $1.40 with 223,936 units changing hands, to end at $13.10, C2W Music traded 20,636 units to close at 45 cents, Caribbean Cream gain 55 cents while trading 580 shares to close at $4.25. Caribbean Flavours traded 2,473 units at $8.60, Caribbean Producers had 18,386 units changing hands to close a loss of 45 cents at $4.55, Consolidated Bakeries traded 15,465 units at $1.50 after rising 10 cents but closed with an offer at $1.44. JM sum 29-2-16rDolphin Cove traded 582 shares to gain 33 cents and end at $15.95, General Accident traded 1,000 units at a 52 weeks’ high of $2.80 with a gain of 30 cents, Jamaican Teas ended with 1,364 units changing hands at $7.70, KLE closed at $2.20 with 1,270 shares changing hands with a loss of 30 cents. Lasco Distributors rose by 44 cents and closed with 52,455 units trading to end at $5.50, Lasco Financial ended at $3.23 with 45,300 shares changing hands, Lasco Manufacturing ended trading with 322,957 shares and lost 25 cents to close at $4.10 and Medical Disposables traded 300,500 shares to close at $3.50.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , ,

TTSE mostly up on Monday

February 29, 2016 by
Prestige Holdings brand - the stock traded at a high on Monday.

Prestige Holdings brand – the stock traded at a high on Monday.

Trading activity recovered from the very low level on the Trinidad & Tobago Stock Exchange on Friday to end on Monday, with 292,411 shares valued at $1,647,137 trading. The market ended with 10 active securities of which, 2 rose, 1 fell and 7 remained unchanged. One stock ended at a 52 weeks’ high.
The Composite Index advanced by 1.50 points to close at 1,159.56, the All T&T Index rose 3.48 points to close at 1,899.96 and the Cross Listed Index fell 0.07 points to close at 55.56.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with 5 stocks with bids higher than the last selling price and 9 with offers that were lower.
Gains| Prestige Holdings with 5,000 units changing hands ended at a 52 weeks’ high of $11.01 to record a gain of 40 cents and Trinidad Cement traded 45,492 shares and gained 49 cents to end at $4.
Losses| Sagicor Financial Corporation closed with 6,267 shares TTSE sum 29-02-16changing hands with a fall of 8 cents at $6.72.
Firm Trades| Clico Investments traded 48,887 shares valued at $1,099,996 to close at $22.51, JMMB Group traded 131,656 shares at 60 cents, National Commercial Bank traded 41,479 shares to close at $2.40, Point Lisas ended with 4,830 shares trading, to close at $4. Sagicor Financial Corporation 6.5% US$1 convertible redeemable preference traded 430 shares at US$1.10, Scotia Investments contributed 5,070 shares, to close at $1.80 and Trinidad and Tobago NGL closed at $19 with 3,300 units trading.

Filed Under: TTSE Market Tagged With: , , , , , , , , ,

Mixed trading on Monday

February 29, 2016 by

JSE Int Cht 26-02-16The Jamaica Stock Exchange is undergoing mix fortunes in losses in the early morning session on Monday with the junior market stock index rising and majors falling. After 75 minutes of the market opening, 30 securities traded, accounting for only 717,672 shares changing hands. A total of only 3 stocks fell and 10 rose.
The all Jamaica Composite Index lost 128.70 points to 174,697.27, the JSE Market Index fell 115.16 points to 157,254.68, the JSE combined index gained 81.15 points to 166,137.37 and the junior market index rose 21 points to 1,977.28.
Caribbean Cement fell $4 with 36,000 shares to be at $26, after the company reported full year results to December last year with earnings of $1.82 after an exceptional charge and one off income. Carreras traded just 100 but gained $1.60 to $65.70, Gleaner Company traded 123,047 but fell 35 cents to $2.10.

Filed Under: JSE Main Market, Stock Market Tagged With: , , ,