Daily Trading — Page 543

Modest Junior Market gains – Wednesday

June 5, 2019 by IC Insider.com

The Junior Market index was steady at the close of trading on Wednesday with advancing stocks just out pacing declining ones with reduced volume and value.
At the close of market activities, 27 securities changed hands, compared to 28 on Tuesday, resulting in prices of 9 advancing, 8 declining and 10 remaining unchanged. The market index rose just 4.75 points to close at 3,107.77.
Trading resulted in an exchange of 2,571,153 units valued at $11,256,502 compared to 8,807,543 units valued at $41,064,037 changing hands on Tuesday.
Trading ended with an average of 95,228 units for an average of $416,907 in contrast to 314,555 units for an average of $1,466,573 on Tuesday. The average volume and value for the month to date amounts to 166,588 shares carrying a value of 759,004 compared to 199,807 units valued at $918,256 previously. In contrast, May closed with an average of 81,626 units for an average of $311,248 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 2 stocks ending with bids higher than the last selling prices and 5 with lower offers.
At the close of the market, AMG Packaging ended at $2, with 100,100 stock units changing hands, Caribbean Flavours dropped $1 to close at $16, with an exchange of 1,621 stock units, Caribbean Producers finished trading 575,870 units at $4.50, Derrimon Trading ended 1 cent higher at $2.95, with 5,100 shares changing hands. Dolphin Cove concluded trading of 34,292 shares at $12, Everything Fresh finished 19 cents higher at $1.70, with 173,457 stock units crossing the exchange, Elite Diagnostic ended trading 14,306 shares and lost 19 cents to close at $3.80, Express Catering traded 512,500 shares with a rise of 50 cents to close at $7. FosRich Group finished trading of 33,000 shares at $5, Fontana closed with a loss of 3 cents at $4.35, with 58,483 stock units changing hands, General Accident ended with a loss of 33 cents at $4.12, with an exchange of 105,000 units, GWest Corporation concluded trading of 25,900 shares after rising 10 cents to $1.31. Honey Bun finished 35 cents higher at $6, with an exchange of 38,490 shares, but traded at a 52 weeks’ intraday high of $6.50, iCreate settled at 80 cents, with 135,224 shares changing hands. Indies Pharma ended trading with 193,782 stock units, after losing 14 cents to close at $3.16, Iron Rock traded 10 cents higher at $3.60, with an exchange of 66,000 units. Jamaican Teas closed at $4.50, with 9,975 shares changing hands, Jetcon Corporation ended 5 cents higher at $2, with 20,521 shares traded, KLE Group ended at $2.15, while trading 49,506 units, Lasco Distributors ended trading with 71,313 shares at $3.50. Lasco Financial exchanged 60,992 shares with a loss of 3 cents at $4.87, Lasco Manufacturing finished trading 158,687 stock units at $3.85, Main Event closed 10 cents higher at $5.90, with 16,600 units changing hands, Paramount Trading concluded trading of 100 shares and rose 10 cents to $2.20. SSL Venture Capital finished with a loss of 20 cents end at a 52 weeks’ low of $1.45, after exchanging 57,400 shares, Stationery and Office settled with a loss of 7 cents at $9.13, with an exchange of 52,600 stock units and tTech traded at $5.70, with 334 shares changing hands.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Best performing stock market, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

More record close for JSE main market

June 4, 2019 by IC Insider.com

The Jamaica Stock Exchange chalked up its eighth consecutive record close on Tuesday as advancing stocks out did losers almost three to one.
JSE All Jamaican Composite Index jumped 1,998.21 points to a record close of 477,318.18 and the JSE Index climbed 1,815.85 points to another record close of 434,745.57.
At the close market activity, on the main and US markets, the prices of 20 securities advanced, 9 declined and 4 traded firm as a total of 33 securities traded compared to 35 on Monday. Market activity ended with 30,804,536 units valued at $160,506,295, in contrast to 35,155,198 units valued $264,904,598 on Tuesday.
Wigton Windfarm continues to dominate trading since listing in late May and closed with just 25.3 million shares and 82 percent of total trades, followed by Supreme Ventures with 2.46 million and 8 percent of the day’s trades and Carreras with just over 1 million units for 3.4 percent of volume traded.
The market closed with average of 993,695 units valued at an average of $5,177,622 for each security traded. In contrast to 1,033,976 units for an average of $7,791,312 on Monday. The average volume and value for the month to date amounts to 1,014,765 units valued $6,544,783. May closed with average of 2,248,261 units at an average of $12,751,529 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, Berger Paints gained 40 cents to close at $18.40, trading 3,600 stock units, Caribbean Cement climbed $1 to close at $80, with an exchange of 19,648 shares, Jamaica Broilers finished trading of 122,576 units but fell 30 cents to end at $31.70. Jamaica Producers added 65 cents to close at $25.15, with 19,066 shares trading, Jamaica Stock Exchange lost 35 cents to end at $19.65, with an exchange of 35,817 shares, JMMB Group lost 50 cents and concluded trading with 71,131 shares at $39, Kingston Wharves rose $1 to settle at $71, with an exchange of 1,770 units. Mayberry Jamaican Equities exchanged 47,989 shares after rising 65 cents to close at $12.35, NCB Financial Group finished trading 22,975 shares at a record closing high of $168, after rising $1, PanJam Investment concluded trading with 2,154 shares but lost 60 cents to end at $95.50. Sagicor Group traded 299,516 units and gained 30 cents to close at $48.50, Seprod climbed $1.95 to end at $49.95, in trading 125,881 shares and Supreme Ventures gained $1 and settled at $31, with 655,299 shares trading.
Trading in the US securities market resulted in 54,482 units valued $20,746 changing hands. Market activity ended with JMMB Group 5.75% concluded trading of 3,782 units to finish at US$2 and Proven Investments closed with 50,700 units with a fall of 1 cent at 26 US cents. The JSE USD Equities Index shed 3.74 points to close at 191.64.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Junior Market gives up some gains – Tuesday

June 4, 2019 by IC Insider.com

Junior Market stock trading.

Having enjoyed two days of strong gains, the Junior Market index gave back some of the gains despite advancing stocks out numbering declining ones on Tuesday.
At the close of market activities, 28 securities changed hands, compared to 30 on Monday, resulting in prices of 13 advancing, 9 declining and 6 remaining unchanged leaving the index falling 15.27 points to close at 3,103.02.
Trading resulted in an exchange of 8,807,543 units valued $41,064,037 compared to 2,781,261 units valued at $12,194,821 changing hands on Monday.
Trading ended with an average of 314,555 units for an average of $1,466,573 in contrast to 92,709 units for an average of $406,494 on Monday. The average volume and value for the month to date amounts to units 199,807 valued at $918,256. In contrast, April closed with an average of 81,626 units for an average of $311,248 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 6 stocks ending with bids higher than the last selling prices and 3 with lower offers.
At the close of the market, AMG Packaging ended at $2, with 138,475 stock units changing hands,

Blue Power concluded trading of 12,000 units and rose 2 cents to end at $4.52, Cargo Handlers settled with a loss of 2 cents at $9.30, with 12,000 shares crossing the exchange. Caribbean Producers ended trading of 6,001,795 units and lost 30 cents to close at $4.50, Consolidated Bakeries closed 1 cent higher at $2.01, with 35,400 shares changing hands, Derrimon Trading ended with a loss of 1 cent at $2.94, with an exchange of 51,579 shares, Dolphin Cove concluded trading of 304,500 shares at $12. Elite Diagnostic exchanged 47,458 shares and rose 19 cents to close at $3.99, Express Catering lost 30 cents to close at $6.50, with 29,504 shares crossing the exchange. FosRich Group rose 5 cents to close at $5, with an exchange of 30,364 shares, Fontana closed 3 cents higher at $4.38, with 1,498,782 stock units changing hands, General Accident gained 25 cents to close at $4.45, with an exchange of 19,242 units, GWest Corporation concluded trading of 90,500 shares with a loss of 5 cents at $1.21. Honey Bun finished with a loss of 35 cents at $5.65, with 112,083 shares changing hands, Indies Pharma ended

trading with 34,891 stock units at $3.30, Iron Rock traded 8,600 units, with a loss of 34 cents at $3.50, Jamaican Teas closed 32 cents higher at $4.50, with 1,000 shares changing hands. Jetcon Corporation ended 9 cents higher at $1.95, with an exchange of 21,000 shares, KLE Group finished 15 cents higher at $2.15, with 10,000 units changing hands, Knutsford Express climbed $1.10 to $12.90, trading 8,000 shares, Lasco Distributors ended trading of 84,384 shares with a loss of 15 cents at $3.50. Lasco Financial rose 16 cents to $4.90, with 57,376 shares changing hands, Lasco Manufacturing finished the trading 112,100 stock units at $3.85, Main Event closed 45 cents higher at $5.80, with 1,200 units crossing the exchange, Medical Disposables ended at $8, with 40,842 shares trading. Stationery and Office settled 16 cents higher at $9.20, with 24,764 stock units trading, Sweet River lost 46 cents to end at a 52 weeks’ closing low of $2.56, with 1,536 units crossing the exchange and tTech closed at $5.70, with 18,168 shares changing hands.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Best performing stock market, Blue Power, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Stationery and Office, Trading Activity

Declining TTSE stocks beaten 2 to 1 – Tuesday

June 4, 2019 by IC Insider.com

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The Trinidad Stock Market is in a modest bull trend.

The Trinidad & Tobago Stock Exchange closed on Tuesday with modest changes in the market indices after advancing beat out declining stocks 2 to 1.
At close of the market, the Composite Index gained 1.65 points to 1,358.57. The All T&T Index rose 3.12 points to 1,798.64, while the Cross Listed Index inched 0.02 points higher to close at 123.97.
The market closed with 16 securities trading compared to 16 on Monday, leading to 8 advancing, 4 declining and 4 remaining unchanged as 361,346 shares valued $3,021,802 changed hands, compared to 196,162 shares valued $3,021,802, on Monday.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 5 stocks with a higher bid than their last selling prices and 1 with a lower offer.
Stocks ending with gains| At the close of the market, Agostini’s added 10 cents to close at a 52 weeks’ high of $23.60, after exchanging 2,986 shares, Angostura Holdings ended trading with a rise of 20 cents to $16, with 110,753 stock units changing hands. Clico Investments rose 50 cents to end at a 52 weeks’ high of $24, after trading 11,270 units, First Citizens Bank gained 50 cents to end at $39 in exchanging 670 shares, JMMB Group added 10 cents to end at $2, with 560 stock units changing hands. Republic Financial Holdings increased 3 cents and ended at $121.15, with 10,643 stock units trading, Sagicor Financial rose 14 cents and completed trading of 99,436 units at $10.14 and Scotiabank closed with a gain of 33 cents at $62.89, after exchanging 2,034 shares.
Stocks closing with losses| Massy Holdings closed with a loss of 1 cent at $54.94, with 278 stock units changing hands, National Enterprises fell 5 cents and settled at a 52 weeks’ low of $6.65 after exchanging 1,170 shares. Trinidad & Tobago NGL shed 25 cents and closed at $28.50, while trading 140 shares and Unilever Caribbean lost 20 cents and completed trading of 4,000 units at $25.30.
Stocks closing firm| First Caribbean International Bank settled at $8.35, after exchanging 4,115 shares, Guardian Holdings settled at $18.50, after exchanging 50,000 shares, National Flour concluded at $1.72, after exchanging 859 shares and NCB Financial Group ended at $8.45, with 62,432 stock units changing hands.

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

Filed Under: Stock Market, TTSE Market Tagged With: Agostini's, Angostura Holdings, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Guardian Holdings, JMMB Group, Massy Holdings, National Enterprises, National Flour, NCB Financial Group, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean

Seven days of unbroken records

June 3, 2019 by IC Insider.com

Seven straight record close for JSE main market.

The main market of the Jamaica Stock Exchange on Monday continue its record run with seven unbroken record close, but it just made it as declining stocks outnumbered advancing ones by a gig margin.
At the close the JSE All Jamaican Composite Index inched just 29.46 points to end at a record close of 475,319.97 and the JSE Index edged higher by a mere 26.77 points to a record 432,929.72.
At the close market activity, on the main and US markets with the prices of just 8 securities advancing, 18 falling and traded firm as a total of compared to 35 securities trading on Friday. Market activity ended with 35,155,198 units valued at $264,904,598, in contrast to 146,738,895 shares valued at $319,460,370 on Friday.
Wigton Windfarm continues to dominate trading since listing in late May, to end with trading of 18.3 million shares and 52 percent of total trades, followed by Sagicor Real Estate Fund with 8.1 million and 23 percent of the day’s trades. Mayberry Jamaican Equities was next with 4.8 million units for 13.7 percent of volume traded and Jamaica Producers trading 1 million shares.

The market closed with average of 1,033,976 units valued at an average of $7,791,312 for each security traded, in contrast to 4,585,590 units for an average of $9,983,137 on Friday. May closed with average of 2,248,261 units at an average of $12,751,529 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, Barita Investments lost 50 cents to close at $45, with 5,467 shares changing hands, Berger Paints declined by 50 cents in ending at $18, trading 4,668 stock units, Caribbean Cement climbed $1 to close at $79, with an exchange of 19,648 shares. Jamaica Broilers finished trading of 18,495 units but fell 95 cents to end at $32, Jamaica Producers lost $1 and closed at $24.50, with 1,072,902 shares trading, JMMB Group rose 50 cents and concluded trading with 178,692 shares at $39.50, Kingston Wharves lost $1 to settle at $70, with an exchange of 5,270 units. NCB Financial Group finished trading 27,674 shares at a record closing high of $167, after rising $2.02,

PanJam Investment concluded trading with 273,876 shares and rose 50 cents to end at $96.10, Sagicor Group traded 268,818 units and declined by $1.80 to close at $48.20, Seprod gained 55 cents to end at $48, in trading 53,347 shares. Sterling Investments lost 43 cents to close at $3.22, with 200 units crossing the exchange and Supreme Ventures dropped $1.86 and settled at $30, with 655,299 shares trading.
Trading in the US securities market resulted in 48,124 units valued at $13,856 changing hands. Market activity ended with JMMB Group 6% concluded trading of 2,540 units to finish at US$1.06, Proven Investments closed with 38,429 units with a rise of 2 cents at 26.99 US cents and Sygnus Credit Investments rose 1 cents to end at 12 US cents in trading 7,155 shares. The JSE USD Equities Index advanced by 1.76 points to close at 195.38.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 1834 Investments, Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Strong gains again for Junior Market – Monday

June 3, 2019 by IC Insider.com

Honey Bun hits a new 52 weeks’ high of $6 on Monday

The severely undervalued Junior Market of the Jamaica Stock Exchange closed with another high double-digit gain on Monday, similar to Friday’s strong advance, with the index rising 41.06 points to close at 3,118.29.
At the close of market activities, 30 securities changed hands, compared to 26 on Friday, resulting in prices of 11 securities advancing, 9 declining and 10 remaining unchanged.
Trading resulted in an exchange of 2,781,261 units valued at $12,194,821 compared to 2,959,240 units valued at $11,853,904 changing hands on Friday.
Trading ended with an average of 92,709 units for an average of $406,494 in contrast to 113,817 units for an average of $455,919 on Friday. In contrast, April closed with an average of 81,626 units for an average of $311,248 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows just one stock ending with the bid higher than the last selling price and six with lower offers.
At the close of the market, Access Financial closed at $43.20, with 62,942 shares changing hands, AMG Packaging exchanged of 28,190 stock units and ended at $2, Cargo Handlers settled 7 cents higher at $9.32, with 2,000 shares crossing the exchange, Caribbean Producers finished trading 13,156 units and rose 50 cents to close at $4.80. Consolidated Bakeries closed at $2, in exchanging 25,500 shares, Derrimon Trading ended 5 cents higher at $2.95, with 3,180 shares changing hands, Dolphin Cove concluded trading of 12,363 shares, with a loss of 5 cents to close at $12, Everything Fresh settled 4 cents higher at $1.51, with an exchange of 2,543 units. Elite Diagnostic ended trading with a loss of 20 cents at $3.80, with 900 shares changing hands, Express Catering traded 6,817 shares with a loss of 70 cents at $6.80, Fontana closed 5 cents higher at $4.35, with 96,033 stock units changing hands, FosRich Group closed with 11,793 shares trading and rose 20 cents higher to $4.95. General Accident ended at $4.20, with an exchange of 639,889 units, GWest Corporation concluded trading of 17,800 shares, with a loss of 5 cents in closing at $1.26, Honey Bun jumped $1.01 higher at 52 weeks’ high of $6, with an exchange of 200,330 shares, iCreate settled at 80 cents, with 15,600 shares changing hands. Indies Pharma ended trading with 62,418 stock units and gained 15 cents to close at $3.30, Iron Rock traded 34 cents higher at $3.84, with an exchange of 693 units, Jamaican Teas closed with a loss of 7 cents at $4.18, with 11,721 shares crossing the exchange. Jetcon Corporation ended with a loss of 4 cents at $1.86, with 1,030,857 shares changing hands, KLE Group closed at $2, with an exchange of 56,500 units, Knutsford Express settled with a loss of 70 cents at $11.80, with 27,000 shares changing hands, Lasco Distributors ended trading of 51,000 shares and gained 10 cents to close at $3.65. Lasco Financial traded 75,384 shares with a loss of 26 cents to finish at $4.74, Lasco Manufacturing finished trading with 269,970 stock units to close at $3.85, Main Event closed at $5.35, with 6,778 units changing hands. Medical Disposables ended $2.50 higher at $8, with an exchange of 17,700 shares, Paramount Trading concluded trading of 11,930 shares at $2.10 and Stationery and Office Supplies settled at $9.04, in trading 19,909 stock units. In the Junior Market preference segment, CAC 2000 closed with a loss of 20 cents at $1.10, with 365 shares changing hands.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity, tTech

Rising and declining TTSE stocks equal – Monday

June 3, 2019 by IC Insider.com

The Trinidad & Tobago Stock Exchange closed on Monday with modest changes in the market indices hardly after advancing and declining stocks were deadlocked at 4 each.
At close of the market, the Composite Index gained 1.64 point higher to 1,356.92. The All T&T Index lost 0.67 points to 1,795.52, while the Cross Listed Index rose 0.55 points to close at 123.95.
The market closed with 16 securities trading compared to 15 on Friday, leading to 4 advancing, 4 declining and 8 remaining unchanged as 196,162 shares valued $3,021,802 changed hands, compared to 126,457 shares valued $2,247,280, on Friday.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 3 stocks with a higher bid than their last selling prices and 3 with lower offers.
Stocks ending with gains| At the close of the market, Clico Investments gained 5 cents and ended at $23.50, after exchanging 7,851 units. National Flour concluded trading 207 shares with a rise of 2 cents to settle at $1.72, Sagicor Financial added 50 cents and ended at $10, with 13,802 units changing hands and Trinidad & Tobago NGL increased 25 cents to end at $28.75, after exchanging 2,486 shares.
Stocks closing with losses| National Enterprises shares fell 10 cents and completed trading of 26,047 shares at $6.70, Prestige Holdings closed with a loss of 5 cents at $9.70, after exchanging 402 shares, Scotiabank shed 34 cents and completed trading 14,572 shares at $62.56 and Unilever Caribbean lost 5 cents and ended at $25.50, with 200 units changing hands.
Stocks closing firm| Agostini’s settled at $23.50, after exchanging 314 shares, First Caribbean International Bank completed trading of 1,058 shares at $8.35, First Citizens Bank settled at $38.50, in exchanging 565 shares, Guardian Holdings closed trading at $18.50, with 4,800 shares, Massy Holdings ended at $54.95, with 179 stock units changing hands. NCB Financial Group closed at $8.45, with 115,310 stock units changing hands, Republic Financial Holdings exchanged 3,369 stock units at $121.12 and Trinidad Cement closed at $2.55, with 5,000 stock units changing hands.

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

Filed Under: Stock Market, TTSE Market Tagged With: Agostini's, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Guardian Holdings, Massy Holdings, National Enterprises, National Flour, NCB Financial Group, Prestige Holdings, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean

Lasco stocks bow out of IC TOP 10

June 3, 2019 by IC Insider.com

Lasco Manufacturing that IC Insider last week suggested readers keep a keen eye on, reported outstanding full year results and climbed 18.5 percent to $3.85 on Friday, exit the Junior Market IC Insider.com’s TOP 10.
Lasco Financial came in with full year results that were above the 2018 figures and the price moved up to $5. IC Insider downgraded 2020 earnings to 60 cents per share, the combination of the two changes, pushed the stock outside the TOP 10, Jetcon is the third stock to move out of the top tier. Coming in to replace the above are CAC 2000, Everything Fresh and Consolidated Bakeries, all three newcomers have been having challenges with growing profits.
Carreras reported flat profits for the year to March resulting in downgrading of 2020 profits, with the stock no longer in the TOP 10, also leaving is Caribbean Cement with the price recovering during the week to close at $78, the two are replaced by Stanley Motta and Sygnus Credit Investments.
The three leading Junior Market stocks for the coming week are, Caribbean Producers with projected gains of 272 percent, followed by Iron Rock with likely gains of 243 percent and Medical Disposables with possible gains of 233 percent.
Sterling Investments with potential gains of 174 percent leads main market stocks, followed by Radio Jamaica with 159 percent and VM Investments in third spot with the potential to gain 141 percent within twelve months.
The main market, closed the week with the overall PE at 14.8 and the Junior Market at 11.1. The PE ratio for Junior Market Top 10 stocks averages 6.8 and the main market PE 9. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 39 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 39 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have interest in the securities commented on.

Filed Under: Buy Rated Tagged With: Alignvest Acquisition ll Corporation, Berger Paints, Caribbean Producers, Daily Trading, Elite Diagnostic, Emerging markets, General Accident, Grace Kennedy, ISP Finance, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon, JMMB Group, junior market, Lasco Financial, Main Event, Medical Disposables, Radio Jamaica, Sagicor Group, Stanley Motta, Sterling Investments, Stocks to Watch, TOP 10 stocks, Trading Activity, tTech, Victoria Investments, Wigton Windfarm

Big jump for Junior Market on Friday

May 31, 2019 by IC Insider.com

Lasco’s ICool – the company’s stock jumped sharply on Friday.

The Junior Market index advanced 41.20 points to close at 3,077.23 on Friday as heavy weight Lasco Manufacturing rose 18.5 percent and Express Catering recover some lost ground in adding 50 cents with advancing stocks beating those declining two to one.
At the close of market activities, 26 securities changed hands, compared to 32 on Thursday, resulting in prices of 11 rising, 6 declining and 9 remaining unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ending with bids higher than their last selling prices and 4 with lower offers.
Market activity led to an increase in trading of more than 50 percent with an exchange of 2,959,240 units valued at $11,853,905 compared to 1,878,043 units valued at $7,197,867.01 on Thursday. The average trade for the day amounts to 113,817 units for an average of $455,919 in contrast to 58,689 units for an average of $224,933 on Thursday. The average volume and value for the month to date amounts to 81,626 units for an average of $311,248 and previously, 80,150 units for an average of $304,282. In contrast, April closed with an average of 87,963 units valued $317,267 for each security traded.
At the close of the market, Access Financial dropped $1.80 to $43.20, with an exchange of 10,750 shares, as the company reported lower profit than the prior year. AMG Packaging ended with a loss of 1 cent at $2, with 75,900 stock units changing hands, Blue Power concluded trading of 7,724 units at $4.50, Cargo Handlers settled at $9.25, with 1,826 shares changing hands, Caribbean Flavours traded 2,370 stock units and climbed $1, to close $17. Caribbean Producers ended trading of 48,776 units at $4.30, Consolidated Bakeries closed with a rise of 20 cents at $2, with investors exchanging 1,456 shares, Derrimon Trading ended 9 cents higher at $2.90, with 61,941 shares traded, Everything Fresh settled at $1.47, with 70,000 units changing hands. Elite Diagnostic ended trading with 96,602 shares, and rose 30 cents to end at $4, Express Catering climbed 50 cents and exchanged 4,350 shares at $7.50, FosRich Group closed with a loss of 5 cents at $4.75, with a swapping of 79,909 shares. Fontana closed 10 cents higher at $4.30, with 311,751 stock units trading, General Accident ended at $4.20, with 19,771 units crossing the exchange, Honey Bun finished at $4.99, with 51,300 shares changing hands, Indies Pharma ended trading 5 cents higher at $3.15, with 126,027 stock units. Iron Rock traded at $3.50, with 39,020 units, Jamaican Teas closed with a loss of 5 cents at $4.25, with 59,809 shares traded, Knutsford Express jumped $1.60 higher to $12.50, with 29,192 shares changing hands, Lasco Distributors ended trading of 398,051 shares with a loss of 15 cents to close at $3.55. Lasco Financial traded 84,397 shares at $5, Lasco Manufacturing jumped 60 cents to close at $3.85 trading 1,348,820 stock units, as investors responded strongly to the company’s improved 2019 profit results. SSL Venture Capital finished 4 cents higher at $1.65, with 6,886 shares crossing the exchange, Stationery and Office settled at $9.04, with 5,000 stock units changing hands and tTech traded 17,112 shares with a loss of 1 cent at $5.70. In the junior market preference segment, CAC 2000 closed 15 cents higher at a 52 weeks’ high of $1.30, with 500 shares changing hands.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, Honey Bun, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Rising stocks dominate TTSE – Friday

May 31, 2019 by IC Insider.com

Advancing stocks outnumbered losers on the Trinidad & Tobago Stock Exchange on Friday after resuming from a one day break, with the market indices hardly changing.
At close of the market, the Composite Index inched 0.01 point higher to 1,355.28 with a rise of 4 percent for the year to date. The All T&T Index rose 1.20 points to 1,796.19, in recording a year to date gain to 5.34 percent, while the Cross Listed Index fell 0.17 points to close at 123.40 to be up just 1.5 percent for the year so far.
The market closed with 15 securities trading compared to 16 on Wednesday, leading to 5 advancing, 2 declining and 8 remaining unchanged as 126,457 shares valued $2,247,280 changed hands, compared to 555,380 shares valued $7,981,829, on Wednesday.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 3 stocks with a higher bid than their last selling prices and 3 with lower offers.
Stocks ending with gains| At the close of the market, Clico Investments gained 5 cents and completed trading 13,367 units, at $23.45, Massy Holdings rose 20 cents and ended at $54.95, with 1,790 stock units changing hands. National Enterprises gained 5 cents to settled at $6.80, after exchanging 763 shares, Republic Financial Holdings added 2 cents to end at $121.12, with 2,194 stock units changing hands and Trinidad & Tobago NGL gained 45 closed at $28.50, after exchanging 12,965 shares.
Stocks closing with losses| Trinidad Cement lost 19 cents and ended at $2.55, with 22,000 stock units changing hands and Unilever Caribbean lost 20 cents in completing trading of 588 units at $25.55.
Stocks closing firm| Calypso Macro Index Fund ended at $15.30, with 4,000 stock units changing hands, First Citizens Bank closed at $38.50, after exchanging 310 shares, Guardian Holdings settled at $18.50, after exchanging 31,804 shares, National Flour ended at $1.70, after exchanging 2,600 shares. One Caribbean Media completed trading of 300 units, at $10.30, Sagicor Financial completed trading of 32,264 units, at $9.50, Scotiabank settled at $62.90, after exchanging 100 shares and West Indian Tobacco settled at $110, after exchanging 1,412 shares.