Daily Trading — Page 642

Trading picks up on TTSE – Monday

April 16, 2018 by IC Insider.com

Trinidad & Tobago Stock Exchange Head Quarters

Bearishness sentiments continue to dominate trading on the Trinidad & Tobago Stock Exchange with decline in all three indices on Monday, but with increased trading volume and value.
On Monday, the number of securities traded rose to 15 against 12 on Friday as the market closed with 4 stocks advancing, 3 declining and 8 remaining unchanged. Trading ended with 393,337 shares at a value of $2,153,910 compared to 159,389 shares at a value of $998,772 on Friday.
At close of the market the, Composite Index declined 1.14 points on Monday to 1,244.30, the All T&T Index lost 0.26 points to 1,696.94, while the Cross Listed Index shed 0.28 points to close at 106.67.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with only 3 stocks ending with bids higher than the last selling prices and 7 with lower offers, an indication of the continuation of a weak market currently.
Gains| Clico Investments closed with an increase of 1 cent and ended at $20.16, with 2,290 units trading, First Citizens finished 3 cents higher and completed trading at $32.55, after exchanging 2,237 shares, Massy Holdings concluded trading and rose 40 cents and settled at $47.40, with 1,062 stock units changing hands and Trinidad & Tobago NGL added 3 cents and completed trading at $27.48, after exchanging 2,425 shares.
Losses| National Enterprises shares fell 10 cents and ended at $9.65, with 835 units, NCB Financial Group closed with a loss of 14 cents and completed trading at $5.80, after exchanging 75,400 shares and Scotiabank shed 5 cents and ended at $62.65, trading 1,900 shares.
Firm Traded| Angostura Holdings closed at $15.72, with 12,000 stock units changing hands, First Caribbean International Bank ended at $9, after exchanging 100 shares, Grace Kennedy concluded market activities at $3.15, with 270,678 units traded, JMMB Group settled at $1.90, with 2,262 stock units changing hands, Point Lisas concluded trading at $3.81, with 660 units, Republic Financial Holdings settled at $101.65, with 488 stock units changing hands, Sagicor Financial ended trading at $7.80, with 20,000 units and West Indian Tobacco ended at $88.55, with 1,000 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Jamaica$ gains vs US on Monday

April 16, 2018 by IC Insider.com

In US dollar trading, dealers sold US$39.54 million at a rate that fell by 15 cents to J$125.13 at the close, compared to $37.73 million at J$125.28 at the close, on Friday.
Purchases of the US currency by dealers, amounted to US$46.21 million, with the average rate rising 18 cents to $123.93, compared to US$28.76 million, with the average rate of $123.75 on Friday.
The market closed with inflows of US$53.39 million of all currencies, versus US$32.29 million on Friday and dealers sold US$46.59 million in contrast to US$39.25 million, in previous trading.
At mid-day on Monday dealers purchased US$25.27 million at an average rate of J$124.70 and sold $15.95 million at an average of J$125.15. At mid-day on the previous trading day, dealers purchased US$12.16 million at an average rate of J$124.45 and sold $15.18 million at an average of J$125.32.
The Jamaican dollar closed trading, with the selling rate for the Canadian dollar, rising to J$99.68 from J$98.67 at the close on Friday. The selling rate for the British Pound increased to J$177.56 from J$177.27 previously and the euro fall against the Jamaican dollar to J$154.93 to buy the European common currency, versus the prior selling rate of J$156.62.

Filed Under: FX Market Tagged With: Bank Of Jamaica, BOJ, British Pound, Canadian dollar, Daily Trading, Emerging market, euro, euro v J$, FX trading, jamaican dollar, US Dollar

JSE main market trading drops sharply – Monday

April 16, 2018 by IC Insider.com

Trading levels rose sharply on the Main Market of the Jamaica Stock Exchange on Monday with 2,407,626 units valued at just $18,652,792 changing hands, compared to 8,083,593 units valued at $186,825,752 changing hands on Friday.
The main market closed with just 27 securities changing hands, of which 9 rose, 13 declined and 5 traded firm leading to the JSE All Jamaican Composite Index fell 763.81 points to 320,289.16 and the JSE Index declined by 695.92 points to 291,819.62.
In market activity, Berger Paints added 10 cents to end at $18, with 74,122 stock units trading, Carreras fell 10 cents and concluded trading at $10.80 with 11,218 units, Caribbean Cement lost 3 cents and finished trading at $35.77 with 2,291 shares, Ciboney Group settled 12 cents trading 1,349,330 shares, Grace Kennedy ended trading at $48, with 2,181 shares. Jamaica Broilers rose 25 cents and closed trading at $20.50 with 1,035 stock units, Jamaica Producers finished trading losing 19 cents to end at $15.80, with 4,312 units, Jamaica Stock Exchange gained 50 cents and closed at $7, with 1,000 shares, JMMB Group lost 50 cents to end at $27, with 16,603 shares. Kingston Properties lost 20 cents and concluded trading at $5.25, with 3,727 shares, Mayberry Investments shed 25 cents and settled at $6, with 8,063 units, NCB Financial Group ended trading losing $1.08 to $95.50 with 18,081 shares, 1834 Investments traded at $1.19 with 16,986 shares after slipping 1 cent. PanJam Investment closed 50 cents lower at $41.50 with 3,960 stock units, Portland JSX ended at $8.01 with a loss of 49 cents after trading 15,883 units, Radio Jamaica rose 4 cents and finished at $1.09 with 45,943 shares, Sagicor Group gained 1 cent and settled at $37.56 with 77,870 shares and Sagicor Real Estate Fund fell 50 cents to $14.50 with 13,983 shares. Salada Foods added 10 cents and ended trading at $11.20 with 2,940 stock units, Scotia Group traded 164,153 units, rising 5 cents to $50.20 in the process, Seprod fell 10 cents and finished trading at $35.40 with 118 shares, Supreme Ventures ended at $11.65 with 10,500 shares after losing 5 cents, Victoria Mutual Investments rose 5 cents and concluded trading at $4.20, with 191,987 stock units and Wisynco Group rose 27 cents and ended at $10.48 with 119,419 units trading. In the main market preference segment, JMMB Group 7.25% finished trading at $1.50, with 100 units and JMMB Group 7.5% closed at $1, with 240,686 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Modest fall for JSE major – Monday .”

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB, JMMB Group, Kingston Properties, Mayberry Investments, NCB Financial Group, PANJAM Investment, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Supreme Ventures, Trading Activity, Victoria Mutual Investments, Wisynco

Standoff for TOP 10 stocks

April 16, 2018 by IC Insider.com

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Berger Paints annual report had some good news for investors to digest.

The up and down nature of the markets this past week left most stocks fairly stable resulting in no new entrant to the TOP 10 list of stocks on the Jamaican Stock Exchange.
The past week got greeted by a series of company results that were not inspiring with most reporting lower profits for the first quarter this year. On a positive note, most of the results were affected by increased cost resulting from expansion ahead of full flow of new income from the expanded facilities.
Companies affected include recently listed Elite Diagnostic, Paramount Trading and Knutsford Express. Berger Paints released their annual report that was filled with some good talk of going after market share, new product lines to be added and upgrading of equipment to increase efficiency.
“The outlook for 2018 and beyond is extremely positive. The Berger brand remains strong and continues to dominate the local market with strong brand equity and a reputation for quality. With GDP projected to grow by at least 1.5% in 2018, construction activity and the demand for coatings is expected to remain relatively strong for the next two to three years. Plans are already being implemented to expand the company’s local distribution and product range as well as to improve our level of customer service and responsiveness. In 2018, there will also be greater emphasis on building out exports by targeting new markets in Central America and the Greater CARICOM region,” the Managing Director reported.
For Palace Amusement with the bid at $781 at the close of the week down to $750 the movie Black Panther continues to pull in the crowd after two months of showing and still has two showings per day in all three cinemas, the same as shows that opened during the past week.
Barita Investments rose to close the week at $9.50 as investors sucked out most of the supply under $10. Key Insurance fell to $3 as the company reported that two directors sold shares during the week, while JMMB Group gained more ground, as the block out period for insiders to trade in the stock, comes to a close, until after mid May.
At the close of Friday, the average PE ratio for Junior Market Top stocks ended at 6.2 compared to an average PE for the overall main market is 10 based on 2018 estimated earnings. The main market PE remains at 6.5 for the top stocks, compared to a market average of 12.3.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 39 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 47 percent to the market.

Filed Under: Buy Rated Tagged With: Barita Investments, Berger Paints, Black Panther, Daily Trading, Emerging markets, Jamaican Stock Exchange Trading Activity, Jamaican stocks, JMMB Group, junior market, Key Insurance, Palace Amusement, PE ratio, TOP 10 stocks

JSE major drops 1,553 points – Friday

April 13, 2018 by IC Insider.com

Trading on the Jamaica Stock Exchange main market ended on Friday with the JSE All Jamaican Composite Index dropping 1,552.80 points to 321,052.97 and the JSE Index shedding 1,414.78 points to 292,515.54.
At the close, 23 securities traded, compared to 27 on Thursday and ended with the prices of 10 stocks rising, 6 falling and 7 trading firm, in the main and US dollar markets.
At the close of trading only two stocks closed with sizable changes, with Kingston Wharves falling 99 cents to close at $40 and Scotia Group losing $1.85 to end at $50.15.
Main market activity ended with 8,083,593 units valued at $186,825,752 compared to 4,713,225 units valued at $80,181,699 on Thursday. At the close of trading, Kingston Wharves closed trading with 3,363,504 units accounting for 41.61 percent of trading followed by Jamaica Producers with 2,014,107 units or 24.92 of the day’s volume and Ciboney with 1,258,000 units or 15.56 percent of stocks traded.
Trading resulted in an average of 384,933 shares valued at $8,896,464, for each security traded, compared to 181,278 shares valued at $3,083,912 on Thursday. The average for the month to date is 1,111,701 shares with a value of $5,320,039 and previously 1,175,559 shares with a value of $4,965,770. In contrast, March closed with an average of 626,526 units with an average value at $20,492,207 for each security traded.
The US dollar market closed on Friday with Productivity Business finished trading at 56 US cents after falling 1.23 cents with 500 shares and Proven Investments closed trading with 25,000 units valued at $5,280 and closed at 20 US cents. Trading ended with a fall of 1.13 points of the market index to 162.84.
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 5 with a lower offers.
For more details of market activities see – Trading jumps on JSE main market – Friday.
Daily Trading, Jamaican Stocks, Jamaica Stock Exchange,Trading Activity, Emerging markets, Proven Investments, , Ciboney, Jamaica Broilers, Grace Kennedy, Scotia Group,

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Ciboney, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Stock Exchange, Jamaican stocks, Productivity Business, Proven Investments, Scotia Group, Trading Activity

Trading jumps on JSE main market – Friday

April 13, 2018 by IC Insider.com

Trading levels rose sharply on the Main Market of the Jamaica Stock Exchange on Friday with 8,083,593 units valued at $186,825,752 changing hands, compared to 4,713,225 units valued at $80,181,699 changing hands on Thursday.
The main market closed with 21 securities changing hands, the same as on Thursday of which 10 rose, 5 declined and 6 traded firm leading to the JSE All Jamaican Composite Index dived by 1,552.80 points to 321,052.97. The JSE Index dropped 1,414.78 points to 292,515.54 on Friday.
In market activity, Berger Paints ended with a loss of 30 cents at $17.90, with 3,073 stock units, Carreras concluded trading 30 cents higher at $10.90, with 219,500 units, Caribbean Cement finished 30 cents higher at $35.80, with 26,800 shares, Ciboney Group gained 1 cent to end at 12 cents, with 1,258,000 shares trading, Grace Kennedy ended trading at $48, with 24,135 shares. Jamaica Broilers traded with a loss of 25 cents at $20.25, with 46,838 stock units, Jamaica Producers finished trading 58 cents higher at $15.99, with 2,014,107 units, Jamaica Stock Exchange closed at $6.50, with 56,585 shares, JMMB Group ended 50 cents higher at $27.50, with 31,989 shares. Kingston Properties concluded trading with a loss of 35 cents at 52 weeks’ low of $5.45, with 12,000 shares, Kingston Wharves finished 99 cents higher at $40, with 3,363,504 stock units, NCB Financial Group ended trading gaining 6 cents to end at $96.58, with 41,945 shares, PanJam Investment closed at $42, with 981 stock units. Sagicor Group settled with a loss of 5 cents at $37.55, with 71,388 shares and Sagicor Real Estate Fund settled at $15, with 53,000 shares. Scotia Group traded with a loss of 1.85 cents at $50.15, with 113,898 units, Supreme Ventures ended 17 cents higher at $11.70, with 122,713 shares, Victoria Mutual Investments concluded trading 5 cents higher at $4.15, with 95,150 stock units and Wisynco Group finished 6 cents higher at $10.21, with 41,525 units. In the main market preference segment, Jamaica Money Market 7.5% fell 5 cents to $1.90, with 466,462 stock units and Proven Investments 8.25% settled at $5.15, with 20,000 units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE major falls 1,553 points – Friday.”

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Supreme Ventures, Trading Activity, Victoria Mutual Investments, Wisynco

Jamaica’s FX trading rose sharply

April 13, 2018 by IC Insider.com

The amounts of foreign currencies traded by dealers during the past week jumped sharply over the prior week as dealers bought US$239 million in all currencies, up from US$192 million bought in the previous week.
Dealers sold US$240 million, compared to US$197 million in the prior week. Actual US dollar purchases by dealers amounted to US$211 million up from US$164 million in the prior week and they sold US$222 million compared to US$172 million.
The market closed with inflows of all currencies, ending at US$32.29 million, versus US$47.9 million on Thursday and dealers sold US$39.25 million in contrast to US$39.19 million, in previous trading.
In US dollar trading, dealers sold US$367.73 million at a rate that rose 4 cents to J$125.28 at the close, compared to US$36.98 million at J$125.24 at the close, on Thursday. Purchases of the US currency by dealers, amounted to US$28.76 million, with the average rate dropping 36 cents to $123.75, compared to US$43.53 million, with the average rate rising 10 cents to $124.11 on Thursday
At mid-day on Friday dealers purchased US$12.16 million at an average rate of J$124.45 and sold $15.18 million at an average of J$125.32. At mid-day on the previous trading day, dealers purchased US$15.84 million at an average rate of J$124.42 and sold $10.57 million at an average of J$125.23.
The Jamaican dollar closed trading on the foreign exchange on Friday with losses against the other main currencies it usually trades against, with the selling rate for the Canadian dollar, rising to J$98.67 from J$98.32 at the close on Thursday. The selling rate for the British Pound increased to J$177.27 from J$176.49 previously and the euro climbed against the Jamaican dollar to J$156.62 to buy the European common currency, versus the prior selling rate of J$154.85.

Filed Under: Feature Stories, FX Market Tagged With: Bank Of Jamaica, BOJ, British Pound, Canadian dollar, Daily Trading, Emerging market, euro, euro v J$, FX trading, jamaican dollar, US Dollar

Junior Market retreats – Friday

April 13, 2018 by IC Insider.com

The Junior Market declined by 4.35 points to close at 2,955.66 on Friday after only 5 securities advanced, 9 declined and 5 remained unchanged.
At the close of market activities, 19 securities changed hands compared 23 securities changing hands on Thursday. Trading ended with an exchange of 1,167,347 units valued at $4,190,359 compared with 2,784,726 units valued at $12,698,406.
Market activity ended with an average of 61,439 units for an average of $220,545 compared to an average of 121,075 units for an average of $552,105 on Thursday. The average volume and value for the month to date, amounts to 156,870 units at $634,740 compared to 167,926 units at $682,726 on the prior trading day. March closed with an average of 149,999 units valued at $623,819, for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 4 stocks ending with bids higher than the last selling prices and 9 with lower offers, suggesting continuation of fluidity in price changes.
At the close of the market, AMG Packaging ended trading with a loss of 10 cents at $2, with 286,794 stock units changing hands, Caribbean Producers declined by 10 cents to $5.50, with 2,908 units, Consolidated Bakeries closed at $2, with 9,542 shares, Derrimon Trading climbed 41 cents to close at $8.93, with 25,100 shares trading, Elite Diagnostic settled with a loss of 9 cents at $3.39, while exchanging 384,979 units. Express Catering closed at $5.30, with 1,000 shares changing hands, FosRich Group finished trading with a loss of 3 cents at $2.40, with 70,133 shares, General Accident closed at $3, with 5,000 stock units, Honey Bun concluded trading 15 cents higher at $4.75, with 12,000 shares. Iron Rock finished at $3, with 50,000 shares, ISP Finance settled at $15, with 24,179 shares, Jetcon Corporation traded 4 cents higher at $4.15, with 41,580 units, Knutsford Express ended with a loss of 40 cents at $14, trading 3,959 shares. Lasco Distributors settled $4.05 higher at $4.05, with 84,500 shares, changing hands, Lasco Financial concluded trading with a loss of 20 cents at $5.30, with 2,289 stock units, Lasco Manufacturing finished with a loss of 2 cents at $4, exchanging 86,615 units, Paramount Trading traded 5 cents higher at $3.10, with 24,350 shares, Stationery and Office rose 2 cents to $5.52, with 41,800 stock units and tTech ended with a loss of 5 cents at $5.75, with 10,619 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Elite Diagnostics, Emerging markets, Express Catering, FosRich, Honey Bun, ISP Finance, Jamaica Stock Exchange, Jamaican Stock, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Paramount Trading, Stationery and Office, Trading Activity, tTech

Bears have upper hand on TTSE

April 13, 2018 by IC Insider.com

The bearishness continues on the Trinidad & Tobago Stock Exchange with decline in all three indices on Friday, with closing as indicators continue to point to more losses ahead.
On Friday, the number of securities traded slipped to 12 against 13 on Thursday as the market closed with 3 stocks advancing, 5 declining and 4 remaining unchanged. Trading ended with 159,389 shares at a value of $998,772 compared to 284,392 shares valued $2,181,738 on Thursday.
At close of the market the, Composite Index declined 0.89 points on Friday to 1,245.44, the All T&T Index lost 0.26 points to 1,697.20, while the Cross Listed Index shed 0.21 points to close at 106.95.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with only 3 stocks ending with bids higher than the last selling prices and 6 with lower offers, an indication of the continuation of a weak market currently.
Gains| JMMB Group concluded trading 4 cents higher and ended trading at $1.90, with 3,000 stock units changing hands, LJ Williams B share added 1 cent and ended at 71 cents, after exchanging 1,000 shares and Trinidad & Tobago NGL increased 10 cents to end at $27.45, after exchanging 3,035 shares.
Losses| First Citizens fell 3 cents and ended at $32.52, after exchanging 1,298 shares, Guardian Holdings closed with a loss of 20 cents at $15.65, after 3,922 shares changing hands, NCB Financial Group shed 5 cents and ended at $5.94, trading 30,158 shares, One Caribbean Media lost 1 cent and completed trading at a 52 weeks low of $12.43, with 5,000 stock units changing hands and Sagicor Financial ended trading 5 cents lower and settled at $7.80, with 3,000 units.
Firm Traded| First Caribbean International Bank finished trading at $9, after exchanging 100 shares, Grace Kennedy settled at $3.15, with 106,000 units, Prestige Holdings concluded market activity at $10.01, after exchanging 949 shares and Republic Financial Holdings completed trading at $101.65, with 1,927 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: Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Guardian Holdings, JMMB Group, LJ Williams, NCB Financial Group, One Caribbean Media, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE

JSE major shed 1840 points – Thursday

April 12, 2018 by IC Insider.com

Trading on the Jamaica Stock Exchange main market ended with the JSE All Jamaican Composite Index fell by 1,840.39 points to 322,605.77 on Thursday. The JSE Index declined by 1,676.81 points to 293,930.32.
At the close, 27 securities traded, compared to 27 on Wednesday and ended with the prices of 14 stocks rising, 10 falling and 3 trading firm, in the main and US dollar markets.
At the close of trading, JMMB Group rose 98 cents to end at $27, Kingston Wharves fell 99 cents to $39.01 and PanJam Investment traded with a loss of $1 at $42.
Main market activity ended with 4,713,225 units valued at $80,181,699 compared to 22,695,573 units valued at over $68,289,795 on Wednesday. At the close of trading, Wisynco Group ended with 1,679,654 units and 35.64 percent of trading, followed by Supreme Ventures with 804,931 units changing hands for 17.08 percent of the day’s volume and Jamaica Broilers with 417,859 shares and 8.87 percent of stocks traded.
Trading resulted in an average of 181,278 shares valued at $3,083,912, for each security traded, compared to 872,907 shares valued at $2,626,531 on Wednesday. The average for the month to date, is 1,175,559 shares with a value of $4,965,770 and previously 1,296,927 shares with a value of $5,228,826. In contrast, March closed with an average of 626,526 units with an average value at $20,492,207 for each security traded.
The US dollar market closed on Thursday with Proven Investments trading 65,000 units valued at $13,000 and closed at 20 US cents. Trading ended with the market index unchanged at 163.97.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 6 with a lower offers.
For more details of market activities see – Cable & Wireless leaves JSE – Thursday.