Daily Trading — Page 644

TTSE closed with 4 gains 2 losses – Tuesday

April 10, 2018 by IC Insider.com

Trinidad & Tobago Stock Exchange Head Quarters

In trading on the Trinidad & Tobago Stock Exchange on Tuesday, 16 securities changed hands with 4 advancing, 2 declining, leaving 10 unchanged, compared to 12 trading on Monday.
Trading volume remained low, with 195,484 shares valued at $1,671,458 changing hands, compared to 110,825 shares valued at $2,261,343 on Monday.
At close, the Composite Index lost 1.76 points on Tuesday to 1,257.24, the All T&T Index rose 0.03 points to 1,699.65, while the Cross Listed Index fell 0.49 points to close at 109.88.
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 1 stock ending with the bid higher than the last selling price and 6 with lower offers, an indication of the continuation of a weak market currently.
Gains| First Citizens rose 19 cents and settled at $32.70, after exchanging 4,245 shares, National Flour ended trading gaining 2 cents at $1.70, after 7,420 shares changed hands, Republic Financial Holdings finished 11 cents higher and concluded market activity at $101.69, with 1,025 stock units changing hands and Scotiabank concluded trading with a rise of 1 cent to $62.66, after exchanging 3,291 shares.
Losses| NCB Financial Group shares fell 5 cents and settled at $6.15, after exchanging 50,000 shares and One Caribbean Media closed with a loss of 4 cents at $12.44, with 11,801 stock units changing hands.

Firm Trades|Agostini’s settled at $21.06, after exchanging 180 shares, Clico Investments ended at $20.16, with 9,665 units, JMMB Group concluded trading at $1.86, with 60,900 stock units changing hands, Massy Holdings closed at $47, with 1,211 stock units changing hands, Prestige Holdings completed trading at $10.01, after exchanging 1,000 shares. Sagicor Financial ended at $7.80, with 1,343 units, Trinidad & Tobago NGL settled at $27.50, after exchanging 1,975 shares, Trinidad Cement closed at $2.60, with 38,819 stock units changing hands, Unilever Caribbean ended at $32, with 350 units trading and West Indian Tobacco completed trading at $88.55, after 2,259 shares changed hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Company News Tagged With: Daily Trading, Emerging markets, Emerging Stock, First Citizens, JMMB Group, Massy Holdings, National Enterprises, NCB Financial Group, One Caribbean Media, Prestige Holdings, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, Trinidad Cement, TTSE, Unilever Caribbean, West Indian Tobacco

Jamaica dollar back to 125 to US$

April 10, 2018 by IC Insider.com

The Jamaican dollar closed trading made on the foreign exchange on Tuesday, at J$125.01 to the US dollar, with the selling rate falling by 32 cents, but the US dollar was sold as low as $124.62 by midday.
In US dollar trading, dealers sold US$43.52 million at a rate of J$125.01 at the close, compared to US$51.22 million at a rate of J$125.33 on Monday. Purchases of the US currency by dealers, amounted to US$47.36 million, with the average rate falling 35 cents to $123.95, compared to US$50.66 million at an average rate of $124.30 on Monday.
The market closed with inflows of all currencies, ending at US$53.17 million, versus US$60.68 million on Tuesday and dealers sold US$47.97 million in contrast to US$59.71 million, in previous trading activity.
At mid-day on Tuesday dealers purchased US$13.34 million at an average rate of J$124.45 and sold US$14.45 million at an average of J$124.62. In comparison at mid-day on Monday, dealers purchased US$28.59 million at an average rate of J$124.70 and sold US$15.95 million at an average of J$125.15.
The selling rate on Tuesday, for the Canadian dollar, declined to J$98.23 from J$98.63 at the close on Monday. The selling rate for the British Pound rose to J$175.41 from J$174.87 previously and the euro increased against the Jamaican dollar to J$156.99 to buy the European common currency, versus the prior selling rate of J$154.26.

Filed Under: Breaking News, 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

Cable & Wireless corners 95% of JSE – Tuesday

April 10, 2018 by IC Insider.com

Parent company of C&W Jamaica now owns over 91% of the shares.

Cable & Wireless accounted for just over 95 percent or 80 million units of the total volume traded on Tuesday, as the parent company prepared for the company to exit the Jamaica Stock Exchange on April 11.
Overall trading was much higher than on Monday as 84,503,992 units valued at $180,560,263 changed hands versus 5,325,114 units valued at $49,013,253 that was exchanged, on Monday.
The main market closed with 27 securities changing hands, 13 rose, 10 declined and 4 traded firm leading to the JSE All Jamaican Composite Index recovering 3,026.80 of the near 7,000 points lost on Monday to end at 322,429.21. The JSE Index regained 2,757.76 of the more than 6,000 points plunge on Monday to close at 293,769.46.
In market activity, Barita Investments closed at $9, with 188,546 shares, Berger Paints ended 17 cents higher at $17.73, with 9,009 stock units, Cable & Wireless concluded trading 20 cents higher at $1.45, with 80,371,757 units, Carreras finished 15 cents higher at $10.50, with 1,686,921 shares, Caribbean Cement settled with a loss of 2.37 cents at $35.53, with 3,100 shares. Ciboney Group ended trading 4 cents higher at $0.14, with 303,300 shares, Grace Kennedy traded 96 cents higher at $48.96, with 3,207 stock units, Jamaica Broilers finished trading with a loss of 49 cents at $20.01, with 64,399 units, Jamaica Producers closed 11 cents higher at $15.50, with 30,710 shares. Jamaica Stock Exchange ended 3 cents higher at $7, with 8,500 shares, JMMB Group concluded trading 21 cents higher at $26.21, with 100,691 shares, Kingston Wharves settled 2 cents higher at $38.52, with 100 units, Mayberry Investments ended trading with a loss of 42 cents at $6, with 15,000 shares. NCB Financial Group traded with a loss of 49 cents at $97.51, with 2,411 shares, 1834 Investments finished trading at $1.19, with 8,341 shares, PanJam Investment ended with a loss of 5 cents at $42.95, with 7,280 units, Portland JSX concluded trading at $8.50, with 152,700 shares. Pulse Investments finished 35 cents higher at $1.95, with 34,000 shares, Radio Jamaica settled 1 cent higher at $1.10, with 214,060 shares, Sagicor Group ended trading with a loss of 15 cents at $37.36, with 67,657 stock units, Sagicor Real Estate Fund ended trading with a loss of 10 cents at $15.20, with 32,190 shares, Scotia Group finished trading with a loss of 1.50 cents at $50.50, with 544,473 shares. Seprod closed at $35.50, with 29,572 shares, Supreme Ventures concluded trading with a loss of 4 cents at $11.85, with 6,600 stock units, Victoria Mutual Investments finished 12 cents higher at $4.17, with 19,427 units and Wisynco Group settled 35 cents higher at $10.35, with 499,541 shares trading. In the main market preference segment, Jamaica Money Market 7.5% traded with a loss of 4 cents at $1.95, with 100,500 stock 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 majors recover 3,000 points – Tuesday.”

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

JSE trading value falls sharply – Monday

April 9, 2018 by IC Insider.com

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Trading on Monday were slightly higher than on Friday but with a much lower value as 5,325,114 units valued at $49,013,253 were exchanged, compared with 5,136,325 units valued at $124,111,209, on the main market of the Jamaica Stock Exchange.
The main market closed with 28 securities changing hands, of which 8 rose, 10 declined and 10 traded firm leading to the JSE All Jamaican Composite Index plunging 6,685.29 points to 319,402.41. The JSE Index dived 6,091.06 points to end at 291,011.70.
In market activity, Barita Investments closed at $9, with 8,367 shares, Berger Paints ended with a loss of 39 cents at $17.56, with 28,000 stock units, Cable & Wireless concluded trading at $1.25, with 163,107 units, Carreras finished with a loss of 35 cents at $10.35, with 122,941 shares, Caribbean Cement settled at $37.90, with 24,912 shares. Ciboney Group ended trading with a loss of 2 cents at $0.10, with 2,879,740 shares, Grace Kennedy traded at $48, with 35,805 stock units, Jamaica Broilers finished trading $20.50 higher at $20.50, with 703,300 units, Jamaica Producers closed 9 cents higher at $15.39, with 323 shares. Jamaica Stock Exchange ended $6.97 higher at $6.97, with 30,000 shares, JMMB Group concluded trading at $26, with 709 shares, Kingston Wharves settled with a loss of 50 cents at $38.50, with 34,230 units, Mayberry Investments ended trading 42 cents higher at $6.42, with 1,503 shares. NCB Financial Group traded 50 cents higher at $98, with 62,855 shares, 1834 Investments finished trading with a loss of 1 cent at $1.19, with 30,511 shares, Palace Amusement closed $1 higher at $751, with 300 stock units, PanJam Investment ended at $43, with 153,960 units. Pulse Investments finished with a loss of 10 cents at $1.60, with 26,000 shares, Radio Jamaica settled 4 cents higher at $1.09, with 19,218 shares, Sagicor Group ended trading with a loss of 9 cents at $37.51, with 201,015 stock units and Sagicor Real Estate Fund ended trading 2 cents higher at $15.30, with 15,288 shares, Scotia Group finished trading at $52, with 60,662 shares. Seprod closed 50 cents higher at $35.50, with 17,550 shares, Supreme Ventures concluded trading 39 cents higher at $11.89, with 10,537 stock units, Victoria Mutual Investments finished with a loss of 33 cents at $4.05, with 223,469 units, Wisynco Group settled with a loss of 20 cents at $10, with 226,152 shares In the main market preference segment, Jamaica Money Market 7.5% traded at $1.99, with 224,660 stock units and Proven Investments 8.25% traded at $5.15, with 20,000 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 “JSE major plunged over 6,000 points – Monday.”

JSE major plunged over 6,000 points – Monday

April 9, 2018 by IC Insider.com

The JSE all Jamaica Composite Index fell more than 6,600 points.

Trading on the Jamaica Stock Exchange main market ended with the JSE All Jamaican Composite Index nose diving 6,685.29 points to close at 319,402.41 and the JSE Index plunging 6,091.06 points to 291,011.70.
At the close with only 28 securities traded versus 29 on Friday. Trading ended with the prices of 8 stocks rising, 10 falling and 10 trading firm, in the main and US dollar markets.
Despite the sharp fall in the market indices, at the close of trading, Palace Amusement with a rise $1 to end at $751, was the sole stock to record price movement around $1 or more.
Main market activity ended with 5,325,114 units valued at $49,013,254 compared to 5,136,325 units valued at over $124,111,209. Ciboney Group accounting for 54 percent of the volume traded with 2,879,740 units followed by Jamaica Broilers with 703,300 units amounting to 13.21 percent.
Trading resulted in an average of 190,183 shares valued at $1,750,473, for each security traded, compared to 190,234 shares valued at $4,596,711 on Friday. The average for the month to date is 1,056,536 shares with a value of $5,441,440 and previously 1,240,308 shares with a value of $6,425,698. 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 8,891 units valued at US$1,956 as Proven Investments was the sole stock traded and ended unchanged at 22 US cents, leaving the market index unchanged at the close at 173.30.
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 3 with a lower offers.
For more details of market activities see – JSE trading value falls sharply – Monday

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Ciboney, Daily Trading, Emerging markets, Jamaica Broilers, Jamaica Stock Exchange, Jamaican stocks, Palace Amusement, Proven Investments, Trading Activity

Jamaican$ made modest gain – Monday

April 9, 2018 by IC Insider.com

The Jamaican dollar made more gains in foreign exchange trading on Monday against the US dollar, with the selling rate falling by 7 cents and the buying rate rising by 22 cents.
The market closed with inflows of all currencies, ending at US$60.68 million, versus US$49.55 million on Friday and dealers sold US$59.71 million in contrast to US$49.70 million, in previous trading.
In US dollar trading, dealers sold US$51.22 million at a rate of J$125.33 at the close, compared to US$40.11 million at a rate of J$125.40 on Friday. Purchases of the US currency by dealers, amounted to US$50.66 million at an average rate of $124.30, compared to US$37.09 million at an average rate of $124.08 on Friday.
At mid-day on Monday dealers purchased US$28.59 million at an average rate of J$124.70 and sold US$15.95 million at an average of J$125.15. At mid-day on Friday dealers purchased US$13.8 million at an average rate of J$124.61 and sold US$12.75 million at an average of J$125.43.
The selling rate on Monday, for the Canadian dollar, rose to J$98.63 from J$98.33 at the close on Friday. The selling rate for the British Pound fell to J$174.87 from J$176.53 previously and the euroslipped against the Jamaican dollar to J$154.26 to buy the European common currency, versus the prior selling rate of J$155.54.

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

Junior Market softness continues – Monday

April 9, 2018 by IC Insider.com

The Junior Market slipped again on Monday by 17.10 points to close at 2,935.86 after an adverse advance, decline ratio 1 to 2.
At the close of market activities, only 15 securities changed hands compared 20 securities changing hands on Friday. The prices of just 3 stocks advanced, 6 declined and 6 remained unchanged.
Trading ended with an exchange of 3,553,595 units valued at $11,612,887 compared with 1,131,667 units valued at $5,121,527.
Market activity ended with an average of 236,906 units for an average of $774,192 compared to an average of 56,583 units for an average of $256,076 on Friday. The average volume and value for the month to date, amounts to 204,255 units at $846,336 compared to 198,056 units at $860,035 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 6 stocks ending with bids higher than the last selling prices and 8 with lower offers, suggesting the continuation of fluidity in price changes.
At the close of the market, AMG Packaging ended with a loss of 5 cents at $2, with 68,891 stock units traded, Dolphin Cove lost 10 cents to close at $17, with 6,600 stock units, Elite Diagnostic settled 5 cents higher at $3.35, with 32,504 units, Express Catering traded with a loss of 5 cents at $5.25, with 178,721 shares, FosRich Group finished trading at $2.50, with 8,383 shares. Honey Bun concluded trading at $4.65, with 1,000 shares, Iron Rock finished at $3, with 8,060 shares, Jetcon Corporation traded at $4.10, with 13,000 units, Key Insurance finished trading with a loss of 82 cents at $3.03, with 2,950,680 shares. Knutsford Express ended at $14, with 12,199 shares, Lasco Distributors concluded trading 5 cents higher at $4.10, with 196,900 stock units, Lasco Financial finished 68 cents higher at $5.63, with 1,747 units, Lasco Manufacturing fell 14 cents to $4, with 34,493 shares trading, Paramount Trading finished trading with a loss of 2 cents at $3.08, after exchanging 24,271 stock units and Stationery and Office closed at $5.55, with 16,146 units 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: Access Financial, AMG Packaging, CAC2000, Daily Trading, Dolphin Cove, Elite Diagnostics, Emerging markets, Express Catering, FosRich, Honey Bun, Jamaica Stock Exchange, Jamaican Stock, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Paramount Trading, Stationery and Office, Trading Activity

TTSE closed Monday with 2 gains & 3 losses

April 9, 2018 by IC Insider.com

Trinidad & Tobago Stock Exchange on Monday with just 2 stocks advancing, 3 declining and 7 remaining unchanged as was the case on Friday and with the same number of securities trading as well, at 12.
Trading volume remained low, with 110,825 shares valued at $2,261,343 changing hands, compared to 293,550 shares valued at $2,488,584 on Friday.
At close, the Composite Index lost 1.41 points on Monday to 1,259, the All T&T Index fell 0.78 points to 1,699.62, while the Cross Listed Index declined 0.28 points to close at 110.37.
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 1 stock ended with the bid higher than the last selling price and 7 with lower offers, an indication of the continuation of a weak market currently.
Gains| Clico Investments concluded trading and rose 1 cent to settle at $20.16, with 1,828 units and One Caribbean Media added 4 cents and completed trading at $12.48, with 1,400 stock units changing hands.
Losses| First Citizens ended trading 19 cents lower and ended at $32.51, after exchanging 1,263 shares, NCB Financial Group concluded trading with a loss of 5 cents at $6.20, after exchanging 24,363 shares and Trinidad & Tobago NGL traded with a loss of 21 cents at $27.50, after exchanging 20,792 shares.
Firm Trades| Guardian Holdings concluded trading at $16, after exchanging 19,574 shares, JMMB Group ended trading at $1.86, with 400 stock units changing hands, National Enterprises settled at $9.75, with 737 units, Prestige Holdings concluded trading at $10.01, after exchanging 2,500 shares, Republic Financial Holdings finished trading at $101.58, with 8,289 stock units changing hands, Sagicor Financial settled at $7.80, with 29,429 units and West Indian Tobacco concluded market activity at $88.55, after exchanging 250 shares.
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 Citizens, JMMB Group, Massy Holdings, National Enterprises, NCB Financial Group, One Caribbean Media, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, West Indian Tobacco

Kremi in tTech out of TOP 10 stocks

April 8, 2018 by IC Insider.com

Caribbean Cream outlet in Kingston.

Caribbean Cream jumped into the Junior Market TOP 10 replacing tTech that reentered last week but enjoyed a bounce in price to be edged out for this week.
There was no new entrant to the main market list, even as that market recorded three days of record close during the shortened week. Market activity in the main market is pointing to a big break out for stock prices while the Junior Market is flexing to rise having hit a one year low in early December last year.
The most notable change was the $250 fall in the price of Palace Amusement down to $750 from $1,000 last week even as the big money making movie Black Panther continues to draw large crowds after nearly two months of showing and seems set to ensure that revenues and profit for the year to June is the highest by far in the company’s history.
Berger Paints made gains and Barita Investments slipped in price and swapped the top two positions by the end of the week. In the Junior Market, Jamaican Teas moved up to $5.30 from $4.75 at the end of the prior week but still sits in at number 4 on the list.
Caribbean Cream recorded strong revenues gain in the year to February but enjoyed lower profit up to November as input cost rose negated the revenues rise. A major part of the input cost well sharply in price since peaking in 2017 and should help restore gross profit margin going forward. This is one to be watched going forward along with Radio Jamaica where reports are that advertising picked up nicely for the March quarter, from a slow December quarter and may be pointing to improvement for 2018 onwards, with increasing economic activity taking place, leading to increased sales and profits for many of the advertisers.
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 is 6.5 for the top stocks compared to a market average of 12.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 38 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, Stock Market, Stocks to watch Tagged With: Barita Investments, Berger Paints, Daily Trading, Emerging markets, Jamaican stocks, junior market, Palace Amusement, Radio Jamaica, TOP 10 stocks, Trading Activity, tTech

Another record close for JSE on Friday

April 6, 2018 by IC Insider.com

Trading on the Jamaica Stock Exchange main market ended at a another record close, with JSE All Jamaican Composite Index increasing by 763.78 points in a record closing high of 326,087.70 and the JSE Index gaining 695.89 points to a record closing high of 297,102.76.
At the close with only 28 securities traded versus 29 on Thursday. Trading ended with the prices of 7 stocks rising, 12 falling and 9 trading firm, in the main and US dollar markets.
Securities closing with sizable price changes include, Grace Kennedy lost $1 to end at $48, Kingston Wharves declined by $1 to $39, Palace Amusement dropped $150 on top of the $200 fall on Thursday to end the week at $750 and Scotia Group fell $1.50 to $52.
Main market activity ended with 5,136,325 units valued at over $124,111,209 compared to 11,332,892 units valued at over $423,780,603. JMMB Group closed trading with 1,575,126 units accounting for 30.67 percent of the overall market volume followed by Carreras with 819,568 units or 15.96 percent of total volume traded and Jamaica Broilers Group with 550,887 units with 10.73 of traded volume.
Trading resulted in an average of 190,234 shares valued at $4,596,711, for each security traded, compared to 419,737 shares valued at $15,695,578 on Thursday. The average for the month to date is 1,240,308 shares with a value of $6,425,698 and previously 1,510,327 shares with a value of $7,058,809. 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 109 units valued at just US$24 as Proven Investments was the sole stock traded and ended unchanged at 22 US cents, leaving the market index unchanged at the close at 173.30.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 2 with a lower offers.
For more details of market activities see – JSE trading levels fall on Friday