After months with no trades, with investors offering the stock well below that last traded price of $1,500, Palace Amusement finally traded but with just 100 units, the trade took place on The Jamaica Stock Exchange on Wednesday for $500 less than the previous traded price.
Market activity closed with 33 active securities in the main and US dollar markets, compared to 30 on Tuesday with the prices of 10 stocks rose, 9 declined and 14 remained unchanged.
The All Jamaica Composite Index lost 139.79 points to close at 390,797.85 and the JSE Index declined by 127.37 points to close at 356,061.07.
Main market trading closed with Jamaica Broilers leading with 2,506,851 units, or 34.7 percent of the day’s volume, Scotia Group with 1,533,780 units and 21 percent of volume traded and Radio Jamaica with 1,002,700 units accounting for 13.9 percent of main market volume.
IC bid-offer Indicator|At the end of trading, the Choice bid-offer indicator reading shows just 3 stocks ending with the bid higher than the last selling prices and 5 closing with lower offers.
Trading closed with 7,229,792 units valued at $190,325,727 changing hands compared with 2,275,042 units valued at $61,431,938 being exchanged, on Tuesday.
Trading resulted in an average of 225,931 units valued at over $5,947,679, in contrast to 81,252 shares valued at $2,193,998 on Tuesday. The average volume and value for the month to date, amounts to 265,815 valued at $3,175,481, compared to 270,542 valued at $2,810,418. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In the main market activity, Barita Investments shed 50 cents to close at $20, trading 12,416 shares, Berger Paints shed $2.95 and ended at $20, trading 3,500 stock units, Caribbean Cement climbed $1 to close at $50 in trading of 13,030 shares, Grace Kennedy lost 70 cents and ended trading 63,596 shares at $55. Jamaica Broilers traded 40,054 stock units and rose $1.32 to close at $30, Jamaica Stock Exchange gained 50 cents, in closing at $11, trading 277,496 shares, JMMB Group fell 50 cents and ended at $32.50, with an exchange of 36,416 shares, Kingston Wharves climbed $2 to $78 trading 20,100 shares, Mayberry Investments added 43 cents to settle at $10, in exchanging 26,167 units, NCB Financial Group dropped $1.99 in trading of 91,041 shares at $130.01. Palace Amusement traded just 100 units but fell $500 in closing at $1,000, PanJam Investment lost $1.20 in closing at $64.50, with an exchange of just 3,690 stock units, Pulse Investments rose 60 cents in trading 3,000 units at $3.60, Sagicor Group rose 55 cents to $39.55, trading 222,240 shares, Salada Foods gained 50 cents and settled at $21.50, trading 14,000 shares, Scotia Group traded 1,533,780 shares and declined $1.70 at $48.80 and Seprod dived $8 to end trading 4,389 shares at $27.
Trading in the US dollar market saw Proven investments as the sole stock to trade and completed trading of a mere 367 shares and rose 0.5 cents to end at 20 U$ cents.The JSE USD Equities Index rose 1.86 points to close at 162.78.
Republic in big fall takes TTSE with it
Republic Financial dropped $7.24 and the large capitalized stock, First Caribbean International Bank shed 15 cents along with 7 other companies declined to put a big dent into the market indices on the Trinidad & Tobago Stock Exchange on Wednesday.
Market activities ended with 19 securities trading versus 16 on Tuesday, 3 advancing, 9 declining and 7 remaining unchanged. The market closed with one stock trading at 52 weeks’ high and two at 52 weeks’ low as 119,782 units valued at $2,475,785 traded, compared to 135,571 units valued at $824,024 changing hands on Tuesday.
The Composite Index dropped 14.27 points to 1,237.16. The All T&T Index declined 25.10 points to 1,689.91, while the Cross Listed Index fell 0.43 points to close at 105.62.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 3 stocks ending with higher bids than the last selling prices and 5 with lower offers.
Stocks closing with gains| Agostini’s rose 20 cents and completed trading at $23.40, after exchanging 285 shares, Angostura Holdings closed with an increase of 10 cents and settled at $15.70, with 800 stock units changing hands and West Indian Tobacco ended trading of 1,070 units after rising 50 cents to $95.
Stocks closing with losses|Ansa Mcal shares fell 50 cents and concluded trading of 78 units at $55, Clico Investments closed with a loss of 5 cents and settled at $20.15, with 1,077 stock units changing hands, First Caribbean International Bank shed 15 cents and concluded market activity at $8.15, with 15,901 units trading, First Citizens lost 35 cents and ended at $32.65, after exchanging 5,617 shares, Grace Kennedy ended trading of 1,000 stock units having fallen 19 cents to settled at $2.81, JMMB Group concluded trading with a loss of 3 cents at $1.77, after exchanging 5,000 shares, Republic Financial Holdings dropped $7.24 and completed trading at $103.76, after exchanging 4,921 shares, Trinidad & Tobago NGL shares fell 2 cents and ended at $29.49, in exchanging 6,225 shares and Unilever Caribbean closed with a loss of 50 cents and settled at a multi-year low of $23, with 1,738 stock units changing hands.
Stocks trading with no price change| Guardian Holdings concluded trading 10,877 units at $17, Massy Holdings completed trading at $46.83, after exchanging 940 shares, National Flour ended at $1.68, with 4,500 units trading, NCB Financial Group ended at $6.50, after exchanging 46,733 shares, Prestige Holdings concluded trading of 2,000 units at $7.30, Sagicor Financial settled at $7.39, with 10 stock units changing hands and Scotiabank ended at $64.50, trading 11,010 units.
Prices of securities trading for the day are those at which the last trade took place.
Republic & Witco climb again on TTSE
Republic Financial climbed $1 to a 52 weeks’ high of $111 and West Indian Tobacco rose 30 cents on the Trinidad & Tobago Stock Exchange on Tuesday and remained poised for more gains.
West Indian Tobacco closed higher slightly higher but closed with the bid at $94.20 to buy 3,950 shares with none on offer at the close, as investors respond to improved results and a pending stock split.
Market activities ended with 16 securities trading versus 12 on Monday, 8 advancing, 5 declining and 3 remaining unchanged. The market closed with one stock trading at 52 weeks’ high and two at 52 weeks’ low as 135,571 units valued at 824,024 traded, compared to 449,177 units valued at 8,056,501 changing hands on Monday.
The Composite Index climbed 3.03 points to 1,251.43. The All T&T Index rose 4.81 points to 1,715.01, while the Cross Listed Index rose 0.16 points to close at 106.05.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 3 stocks ending with higher bids than the last selling prices and 2 with lower offers.
Stocks closing with gains| Clico Investments ended trading with a rise of 20 cents to close at $20.20, with 3,205 stock units changing hands, First Citizens finished 26 cents higher and completed trading at $33, after exchanging 4,061 shares, JMMB Group concluded trading of 105,700 shares and gained 8 cents to settle at $1.80, National Flour added 6 cents and ended at $1.68, with 500 units trading, Republic Financial Holdings gained $1 in settling at $111, after exchanging just 10 shares. Trinidad & Tobago NGL increased 1 cent and completed trading at $29.51, after exchanging 8,284 shares, Trinidad Cement rose 5 cents and settled at $2.70, exchanging 4,100 shares and West Indian Tobacco closed with a gain of 30 cents and ended at $94.50 trading 245 units.
Stocks closing with losses|Agostini’s lost 20 cents and settled at $23.20, after exchanging 421 shares, Angostura Holdings ended trading 10 cents lower at $15.60, with 64 stock units changing hands, Massy Holdings concluded trading of 1,269 shares with a loss of 17 cents to close at $46.83, Prestige Holdings traded with a loss of 20 cents and ended at a 52 weeks’ low of $7.30, with 1,000 units and Sagicor Financial closed with a loss of 1 cent and ended at a 52 weeks’ low of $7.39, with 2,050 stock units changing hands.
Stocks trading with no price change| National Enterprises closed at $8.44, with 100 stock units changing hands, NCB Financial Group completed trading at $6.50, after exchanging 3,949 shares and Scotiabank ended at $64.50, as just 613 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.