TTSE: Advances outnumber declines

Thursday, 10th October 2013 | Market activity was not robust, but what it lacked in the level of trades was made up by the number of stocks with price changes as trading took place in 15 securities of which 5 advanced, 1 declined and 9 traded firm as 462,619 shares crossed the floor of the Trinidad Exchange valued at $1,645,623.

First Citizens Bank 5,072 units firm at $35; Grace Kennedy gained 21 cents to end the day at $4.01 with only 1,500 units; Guardian Holdings traded 11,508 units to close at $15.01; Jamaica Money Market Brokers recorded 179,544 shares changing hands for a value of $103,268 as the price close up 2 cents to 58 cents. National Commercial Bank with a volume of 166,695 shares traded for $196,700 with the stock gaining 2 cents to $1.18; Neal & Massy Holdings 10,183 $56.51; National Flour Mills 10,000 units firm at 91 cents; Point Lisas contributed 27,000 shares with a value of $102,710 to close unchanged at $3.80; while Sagicor Financial Corporation added 23,478 shares valued at $170,216 to close firm at $7.25; Scotia Investments traded 10,881 units firm at $1.95; Trinidad Cement traded 14,907 units unchanged at $2.15; Scotiabank declined by 15 cents to end the day at $70.10 on small volume.

TTSEOct10Clico Investment Fund recorded a small volume of 725 shares valued at $15,537 as the price advanced by 12 cents to end at $21.43.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed the market in a sideways movement with bids for 5 stocks being higher and 3 stocks with offers lower than their last selling price.

JSE: Carreras drop hits market

Wednesday, 9th October 2013 | The Jamaica stock market continued its negative run since last Thursday as the prices of 15 stocks fell to only 6 that recorded gains, a slight improvement over the prior day when 16 fell and 5 advanced.

The day saw Jamaica Broilers with 2,196,944 units carrying a value of $10 million trading as the price closed at $4.55 up 3 cents on the day. Carreras, which traded 34,900 units, fell to $43.13 at the close, down $1.86 and Sagicor Life traded 27,645 units to close at $8.51 down 49 cents were the main factors behind the main market decline. There were 4,676,458 units changing hands with a value of $19.46 million.

The JSE main index closed at 83,662.33 a decline of 431.03; the all Jamaica Index fell to 82,897.26 off by 758.40 and the junior market fell 6.52 to 749.01.

Main market | Infrequent trader, Berger Paints, traded 131,000 units to close at $2.25, down a cent; Gleaner Company exchanged 52,000 units to close firm at $1.15; Grace Kennedy traded 40,140 units resulted in the price closing at $56.75, for 55 cents increase. Jamaica Money Market Brokers saw 19,682 units traded firm to close at $8; National Commercial Bank traded 18,600 units to close firm at $18.50; Pan Jamaican Investment traded 166,500 units valued at $8,158,713 to close at $49; Sagicor Life traded 33,401 units down 49 cents to close at $8.51; Scotia Group traded 36,145 units to close at $21, up by 50 cents; Supreme Ventures lost a cent to close at $2.72 with 28,986 shares.

JSEIndicesOct9Jamaica Money Market Brokers 7.5% preference shares traded 440,000 units unchanged at $2 and traded 100,000 units of the 8.75% preference shares firm at $3. Proven Investments 8% preference share traded 40,115 units to closed firm at $5.09.

Junior market | Blue Power exchanged 20,191 units to close firm at $9.29; Cargo Handlers lost 70 cents to close at $13 while trading 610 units; Caribbean Producers traded 237,411 units down a cent to close at $2.08; General Accident Insurance traded 12,500 units to close at $1.61; Honey Bun dropped 36 cents to close at $3.05 with 41,410 units. Lasco Distributors lost 3 cents with 389,855 units to close at $1.45; Lasco Financial Services traded 183,032 units to close down a cent at $1.19 and Lasco Manufacturing traded 214,241 units to close firm at $1.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed the market weakening with bids for 2 stocks being higher and 4 stocks with offers lower than their last selling price.

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TTSE: Republic Bank set to rally?

Wednesday, 9th October 2013 | Republic Bank seems poised to break out even as it traded just 389 units unchanged at $110.05 on the Trinidad Exchange. There was demand for 46,879 units on the bid at $110.05 with no stock offered at the close of trading, suggesting that the price is set to rise as the valuation based on PE is just 15 compared with more than 22 for both Scotia and First Citizens Bank.

Trading continues to be low on the Trinidad & Tobago Stock Exchange as market activity resulted in trading in 13 securities of which 3 advanced, 4 declined and 6 traded firm with 464,217 units valued at $5,961,096. National Enterprises closed at a 52 weeks high of $17.04 but with a very small volume.

JSEIndicesOct9Recently listed First Citizens Bank traded 14,436 units valued at $505,260 to close firm at $35; Guardian Holdings suffered a loss of 50 cents to close at $15 as 1,457 units were traded; Jamaica Money Market Brokers saw 196,280 shares changing hands for a value of $108,294 as it closed down a cent at 55 cents; Point Lisas with 31,000 shares worth $117,800 increased by 5 cents to end the day at $3.80. Neal & Massy Holdings contributed 24,903 shares with a value of $1,407,329 to close firm at $56.50, while National Flour Mills added 18,500 shares valued at $16,835 and closed at 91 cents after losing a cent on the day.

Clico Investment Fund in posting a volume of 172,060 shares valued at $3,666,932 declined by 12 cents to end at $21.31.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed the market in a sideways movement with bids for 3 stocks being higher and 4 stocks with offers lower than their last selling price.

JSE: Poor run continues

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Tuesday, 8th October 2013 | The Jamaica Stock Market continued its recent negative run on Tuesday as the prices of 16 stocks fell to only 3 that recorded gains. The day saw Scotia Group with 8,073,038 units carrying a value of $165,517,642 trading as the price closed at $20.50, down 50 cents on the day.  There were 12,893,800 units changing hands with a value of $195.44 million.

The JSE main index closed at 84,093.36 a decline of 178.23, the all Jamaica Index fell to 83,655.66, off by 313.60 and the junior market was up by 24.05 to 755.53.

Main market | On one of the days with high level of participation, infrequent trader Berger Paints swapped 463,361 units to close at $2.26 for a value of $1,042,288; Carreras that is under pressure based on drop in sales and negative views about the recent and poorly executed smoking ban saw just 9,698 shares changing hands with a value of $436,276 as the price closed at $44.79, down by 21 cents. Caribbean Cement gained 12 cents to close at $2.05 on 14,542 units; Desnoes & Geddes’ 62,616 units resulted in the price closing at $4.51, being down a cent; Gleaner Company that has been having pressure on its profit exchanged 1,070,850 units valued at $1,262,978 to close at $1.15, down by a cent; Jamaica Broilers lost 8 cents while trading 15,330 units to close at $4.52; Jamaica Money Market Brokers saw 100,000 units valued $800,000 traded as the price closed at $8, up 10 cents.

JSEIndicesOct8National Commercial Bank traded 79,771 units valued at $1,475,786 to close at $18.50 and lost 50 cents; Pan Jamaican Investment traded 166,500 units valued at $8,158,713 to close at $49; Sagicor Investments traded 177,490 units with a value of $2,937,460 to close at $16.55 down by 45 cents. Sagicor Life traded 27,645 units to close at $9; Scotia Investments traded 25,360 units to close at $26.18, down by 8 cents; Seprod traded 400,000 units with a value of $5,560,000 to close at $13.90 down 10 cents; Supreme Ventures gained 18 cents to close at $2.73 with 12,400 shares; Proven Investments 8% preference shares traded 1,034,140 units valued at $5,263,773 to close firm at $5.09.

Junior market | Caribbean Cream exchanged 20,000 units to close firm at $1; General Accident Insurance lost ground as 14,000 units traded to close at $1.61, down by 29 cents; Lasco Distributors lost 2 cents with 29,325 units to close at $1.48; Lasco Financial Services traded 1,005,106 units to close down 5 cents at $1.20 and Lasco Manufacturing traded 40,512 units to close at $1.50, down 5 cents.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed the market in a sideways movement with bids for 5 stocks being higher and 5 stocks with offers lower than their last selling price.

TTSE: Angostura at 52 weeks high

Tuesday, 8th October 2013 | The volume of trading picked up and so was the amount invested on the Trinidad & Tobago Stock Exchange as there was trading in 10 securities of which 4 advanced, 2 declined and 4 traded firm. Trading activity accounted for a volume of 477,551 shares valued at $8,032,797. There were two stocks that hit 52 weeks high, Angostura Holdings at $11 and National Flour Mills at 91 cents.

Trading picked up for First Citizens resulting in 172,905 shares changing hands for a value of $6,051,857 as the price closed at $35; National Flour Mills traded 113,561 units valued at $104,074 and closed up 5 cents to 91 cents a new 52 weeks high; Scotia Investments Jamaica contributed 55,000 shares with a value of $107,250, as the price closed firm at $1.95 while Trinidad Cement added 48,247 shares valued at $103,731 and the price remained unchanged at the end of trading. Sagicor Financial Corporation exchanged 5,197 shares for a value of $37,678 as the price closed unchanged at the end of the day at $7.25.

TTSEOct8Angostura Holdings exchanged 4,639 units as the stock traded at a new 52 weeks high of $11 by gaining 50 cents for the day. Clico Investment Fund posted a volume of 64,899 shares valued at $1,390,999.47 as the price declined by $0.04 to end at $21.43.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed the bids for 3 stocks being higher and 2 stocks with offers lower than their last selling price.

JSE: Pan Jam dominates

Monday, 7th October 2013 | Trading on the Jamaica Stock Exchange was dominated by Pan Jamaican Investment Trust with 2,337,726 shares valued at $114,570,615 to close at $49, down $1.01.

The market started the week on a losing note as 10 stocks fell with 5 advancing resulting the market indices falling except for the Junior market. The JSE main index closed at 84,271.59, a decline of 128.23; the all Jamaica Index fell to 83,969.26 off by 225.63 and the junior market was up by 10.35 to 779.58. Trading volume climbed to 7,493,963 units at a value of $162,072,928.

Apart from Pan Jam, Grace Kennedy had a good volume of 506,967 units costing $28,390,506 with the price ending at $56 down 50 cents and National Commercial Bank had 475,649 units valued at $8,808,290 to close at $19 for a loss of 33 cents. Grace traded at the equivalent of $63 in Trinidad on Monday, quite a difference from the $56 price trading in Kingston.

Barita Investments exchanged 501,500 units as the price closed at $2.40 down by 9 cents valued at $1,203,600; Cable & Wireless 34,200 traded firm at 18 cents; Carreras only had 1,400 trading down 10 cents to $45; Caribbean Cement 3,500 units to trade to close at $2.01 down 19 cents; Gleaner 33,720 $1.16, down a cent; Jamaica Broilers Group 5,492 units $4.60 up 8 cents; Jamaica Money Market Brokers traded 41,551 units at $8 valued at $327,369 as the stock lost 20 cents during trading; Mayberry Investments contributed 607,886 units that traded firm at $2.60 for a value of $1,580,504; Radio Jamaica traded 1,542,283 units  to close at $1.31, down 9 cents, carrying a value of $2,021,864; Scotia Group exchanged 35,473 units to close firm at $21 valued at $744,943; Jamaica Money Market Brokers 8.75% traded 1,000,000 units at $3 for a value of $3,000,000; Proven Investments 8% preference shares traded 124,000 units firm at $5.09 valued at $631,160. Sagicor Investments gained 45 cents to land at $17 with 3,119 units changing hands.

JSEIndicesOct7Junior Market | Caribbean Cream traded 38,903 traded firm at $1; Caribbean Producers chipped in with 30,000 units to close firm at $2.09; Dolphin Cove gained 65 cents to close at $8.65 with only 1,115 units; KLE Group fell to another all-time low with 10,000 shares changing hands at $1.40 down 21 cents; Lasco Distributors only traded 10,515 units trading to close at $1.50 up by a cent; Lasco Financial Services traded 16,612 firm to close at $1.25 and Lasco Manufacturing traded 53,073 units firm at $1.55.  

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator showed a slight bias to lower prices for some stocks with bids for 6 stocks being higher and 7 stocks with offers lower than their last selling price.

TTSE: Trading levels drop again

Monday, 7th October 2013 | The prices of three stocks hit new 52 weeks high on Monday on the Trinidad & Tobago Stock Exchange as there was trading in 13 securities of which 5 advanced, 1 declined and 7 traded firm.

There was trading in 192,629 shares valued at $2,939,673. First Citizens Bank contributed 20,753 shares with a value of $726,606, while Jamaica Money Market Brokers added 8,500 shares valued at $4,675; Prestige Holdings closed firm at $9.40 with 4,051 units; Sagicor Financial Corporation exchanged 50,000 shares for a value of $362,380; Scotia Bank traded 5,483 units to close at a 52 weeks high of $70.25, an increase of 20 cents; Trinidad Cement with 41,039 shares being traded for $88,234.

TTSEOct7Grace Kennedy traded 1,000 shares to close at $3.80, an increase of 29 cents as the closing price ended at the equivalents of JS$63 while it traded at J$56 on Monday on the Jamaica Stock Exchange. Conversely, Scotia Investments declined by 4 cents to end the day at $1.95 as a mere 209 shares changed hands.

Clico Investment Fund had 60,080 shares changing hands valued at $1,290,203 as the price advanced by 16 cents to end at $21.47.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed the bids for 5 stocks being higher and 2 stocks with offers lower than their last selling price.

FX: Jamaican dollar climbs above $104

Friday, 4th October 2013 | The Jamaican dollar climbed above $104 to the US dollar for the first time as dealers sold US$62 million at $104.05, an increase of 7 cents over the price on Thursday.

Dealers bought only US$24.2 in contrast but at 28 cents higher than Thursday at $103.37. It cost 24 cents for dealers to buy the Canadian dollar as they bought C$903,944 at $98.734 and sold $2.6 million at $102.31, 24 cents over Thursday rate. For the Pound, dealers bought £1.16 million at $1.14 lower at $165.25 and sold £738,119 at $168.75, 12 cents lower than on Thursday. Overall there was buying of the equivalent of US$27 million and selling of US$65.95 million.

FX_TRADE+Currency+Oct4Highs & Lows | The US Dollar was bought as high as $104.90, a reduction of 15 cents and the sold US dollar at a low of $101.30 or 80 cents more for the day. The lowest buying rate remained static at $84.75 as did the highest selling rate at $108.61.

The Canadian was 20 cents higher for the highest buying rate which ended at $101.70. The British Pound increased by 20 cents for the highest buying rate that ended at $170, while the lowest buy rate fell 37 cents to $134.92. The highest selling rate for the Pound fell $3.12 to $171.50 but the lowest selling rate climbed 60 cents to $162.55.

FX_TRADE+HighLow+Oct4

JSE: Declining stocks hits advancing

Friday, 4th October 2013 | The Jamaica stock market closed down on the last day of the week as 11 stocks fell with 6 advancing resulting the market indices falling sharply. The JSE main index closed at 84,399.82, a decline of 640.92; the all Jamaica Index fell to 84,194.89 off by 1,127.68 and the junior market was down by 3.40 to 769.73. Trading volume climbed to 12,147,981 units but most were low priced Cable & Wireless and Gleaner Company stocks resulting in only $13,968,037 of trading.

Cable & Wireless landed 4,020,000 units as the price closed down a cent at 18 cents; Carreras exchanged 23,390 units to close down 90 cents at $45.10; Caribbean Cement chipped in with 167,905 units as it gained  cents to close at $2.20; Gleaner Company 6,900,078 units to close at $1.17; Jamaica Stock Exchange traded 20,000 units to close at the IPO price of $2.85; Mayberry Investments 10,738 $2.60; Sagicor Investments traded 15,000 units to close firm at $16.55; Sagicor Life 20,843 units at $9; Scotia Group 70,032 at $21; Jamaica Money Market Brokers 7.50% 100,000 units at $2; Jamaica Money Market Brokers 8.75% 70,000 $3 and Proven Investments 8% 39,650 $5.09.

JSEIndicesOct4Junior market | Dolphin Cove traded 27,141 units to close down 20 cents at $8; General Accident 35,000 units to close at $1.90, down 9 cents; Lasco Distributors gained a cent as 36,866 units changed hands to close at $1.49 and Lasco Financial Services traded firm as 436,543 units traded to close at $1.25.

 

TTSE: Returns to low trading

Friday, 4th October 2013 | Activity on the Trinidad Stocks Exchange on Friday was moderate with trading in just 7 securities of which 3 advanced, 3 declined and 1 traded firm. The low level of trading is reflected in only 223,296 units changing hands valued $2,933,256 but with two stocks reaching new 52 weeks high.

Jamaica Money Market Brokers traded 134,333 shares for a value of $73,883 as the price remained firm at 55 cents. First Citizens Bank traded only 45,585 shares valued at $1,595,712 as it closed a cent up to $35.01. National Enterprises contributed 5,500 shares with a value of $93,605 while the price moved up to $17.02, up by 20 cents for a new 52 weeks high. Republic Bank added 3,927 shares valued at $432,088 and lost a cent in the process to close at $110.03. Trinidad Cement fell 5 cents to close at $2.15 trading 724 shares and Unilever closed up a cent at $55.53 with 827 units trading, a new 52 weeks high.

TTSEOct4Clico Investment Fund declined by $0.20 to end at $21.31 with 32,400 shares valued at $690,488.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator showed the market consolidating with bids for 2 stocks being higher and 3 stocks with offers lower than their last selling price.