Wisynco volume slips below 500,000 shares

January 16, 2018 by

One of the Sagicor Real Estate Fund properties.

Recent listings, Victoria Mutual Investments and Wisynco Group continue to be amongst the three leading trades in the main market of the Jamaica Stock Exchange on Tuesday, with the two being bettered, by Sagicor Real Estate Fund with over 874,000 shares.
Market activity ended with 23 securities changing hands, of which 6 advanced, 11 declined, 7 traded firm leading to 2,769,195 shares valued at $33,208,767 changing hands.
At the close of the market the JSE All Jamaican Composite Index fell 751.79 points to 311,409.08 and the JSE Index lost 684.96 points to end at 283,728.88.
In main market activity, Berger Paints closed with a loss of 49 cents at $16.51, with 23,275 shares, Cable & Wireless concluded trading at $1.32, with 159,543 units, Carreras finished with a loss of 24 cents at $11.05, with 109,027 shares, Caribbean Cement added $1.45 higher at $33.50, with 23,389 shares, Grace Kennedy traded 36 cents higher at $43.36, with 26,180 stock units. Jamaica Broilers finished trading 26 cents higher at $17.50, with 19,596 units, Jamaica Producers closed with a loss of 20 cents at $16.50, with 12,332 shares, Jamaica Stock Exchange ended at $6.95, with 1,663 shares, JMMB Group concluded trading with a loss of 27 cents at $24.73, with 102,431 shares. Kingston Wharves settled at $31.50, with 15,927 units, NCB Financial Group traded 7 cents higher at $99.57, with 20,895 shares, 1834 Investments finished trading at $1.27, with 105,430 shares, PanJam Investment ended with a loss of $2.36 to end at $39.14, with 750 units. Pulse Investments finished with a loss of 20 cents at $1.90, with 36,847 shares, Radio Jamaica settled with a loss of 5 cents at $1.05, with 76,870 shares, Sagicor Group ended trading at $36, with 53,529 stock units, Scotia Group finished trading with a loss of 26 cents at $50.24, with 41,045 shares. Sagicor Real Estate Fund ended trading at $14.25, with 874,293 shares, Seprod closed at $29, with 1,920 shares, Supreme Ventures concluded trading with a loss of 21 cents at $11.49, with 2,060 stock units, VM Investments Limited finished with a loss of 5 cents at $4.05, with 541,728 units and Wisynco Group settled 35 cents higher at $10.10, with 470,131 shares. In the main market preference segment, JMMB Group closed 3 cents higher at $1.19, with 100 shares and in the bond market 4,910 units of ISP Finance corporate bonds traded at $110 each.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Main market stocks lost altitude – Tuesday.”

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Main market stocks lost altitude – Tuesday

January 16, 2018 by

The Main Market of the Jamaica Stock Exchange lost ground in moderate trading on Tuesday with an averse advance to decline ratio of almost 2 to 1.
At the close of the market the JSE All Jamaican Composite Index shed 751.79 points to 311,409.08 and the JSE Index declined by 684.96 points to 283,728.88.
Main market activities ended with 6 stocks rising, 10 declining and 9 trading firm as 24 securities including one from the bond segment, traded versus 22 securities on Monday.
Market activity ended with 2,769,195 shares valued at $33,208,767, in contrast to 3,228,645 units valued at $37,292,283 on Tuesday. In addition 4,910 units of ISP Finance corporate bonds traded at $110 each.
Activity in the US dollar market ended with 2 securities trading, resulting in Margaritaville concluding trading at 20 US cents with 8,034 units, Proven Investments trading 42,200 units at 22 US cents. Total volume for this market was 50,234 units with a value of US$10,921.The JSE US Equities Index closed with a gain of 0.18 points to 168.94.
Trading ended with an average of 118,216 units for an average of $1,443,859 in contrast to 146,757 units for an average of $1,695,104 on Monday. The average volume and value for the month to date amounts to 272,991 units valued at $ 6,818,573 and previously 285,526 units valued at $7,299,578. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 4 with lower offers.
The major movers at the close of the market are, the two recently listed companies continuing to be in good demand but with volumes traded easing. At the close Victoria Mutual Investments continues to trade around the half a million range with 542,000 units changing hands and Wisynco Group exchanging 470,000 units down from the million units levels it been trading at before. Price changes saw Caribbean Cement jumping $1.45 to $33.50 falling $1 to $17 and PanJam Investment sliding $2.36 to $39.14.

For more details of market activities see – Wisynco volume slips below 500,000 shares.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , ,

Junior Market slips again

January 16, 2018 by

The Junior Market Index fell at the close of trading on Tuesday, easing 11.64 points to close at 2,717.55, in a moderate trading session of an exchange of 1,755,909 units valued at $6,431,725 compared to 1,326,412 units valued at $4,542,759 from 21 securities changing hands on Monday.
Market activity ended with 26 securities changing hands, with gains in the prices of 5 securities, declines in 10 with 6 closing unchanged.
Trading ended with an average of 67,535 units for an average of $247,374 in contrast to 63,162 units for an average of $216,322 on Monday. For the month to date an average of 103,494 shares valued at $410,824 and previously, an average of 107,489 shares valued at $428,985. December closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 1 stock ending with the bid higher than the last selling price and 5 with lower offers.
At the close of the market, Access Financial closed 1 cent higher at $42.01, with 304 shares, AMG Packaging ended at a 52 weeks’ low with a loss of 5 cents to $2.50, with 10,174 stock units, CAC 2000 finished with a loss of 89 cents at $7.31, trading 6,000 shares, Cargo Handlers settled at $10, with 900 shares, Caribbean Cream ended trading with a loss of 77 cents at $5, with 22,000 shares. Caribbean Producers fell 9 cents to end at $4.28, with 95,000 units, Derrimon Trading concluded trading at $7, with 5,000 shares, Eppley settled at $11, with 200 units changing hands, Express Catering declined 35 cents to $4.50, with 234,900 shares. FosRich Group traded at $2.50, with 369,544 shares, General Accident finished trading with a loss of 30 cents at $2.50, with 493,216 shares, GWest Corporation closed with a loss of 9 cents at $2.81, with 14,033 stock units, Honey Bun ended at $4, with 12,000 units. Iron Rock concluded trading at $2.86, with 1,460 shares, ISP Finance finished 2 cents higher at $12.08, with 48,000 shares, Jamaican Teas settled 7 cents higher at $4.61, with 11,444 shares, Jetcon Corporation ended trading 40 cents higher at $4.95, with 119,005 stock units. Key Insurance traded at $3.50, with 9,102 units, Knutsford Express closed at $15, with 690 shares, Lasco Distributors ended at $3.16, with 246,507 shares, Lasco Financial concluded trading with a loss of 10 cents at $5.30, with 4,941 stock units. Lasco Manufacturing finished at $3.48, with 1,000 units, Medical Disposables ended trading at $5, with 1,600 shares, Stationery and Office finished trading with a loss of 10 cents at $4.80, with 30,000 stock units and tTech ended at $6.38, with 17,984 shares. In the junior market preference segment, Derrimon Trading closed at $2.15, with 905 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

NCB at a 29% premium in Trinidad

January 16, 2018 by
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NCB Financial Group ended trading on the Trinidad & Tobago Stock Exchange on Tuesday at $6.75, trading 115,530 stock units for a value of $779,827. The stock is trading at the equivalent of J$129 compared to just under $100 in Jamaica for a premium of 29 percent.
The huge difference may be due to the challenge in getting funds out of the twin island state currently and talk of black market rates as high as $9.50 for one US dollar, in the market.
Market activity ended with all the indices inching higher at the close of trading on the Trinidad & Tobago Stock Exchange on Tuesday, as 13 securities traded on the Trinidad & Tobago Stock Exchange on Tuesday against 16 on Monday.
At close of trading 4 stocks advanced, 2 declined and 7 remained unchanged leading to the Composite Index gaining 0.35 points to 1,276.97. The All T&T Indexrose 0.06 points to 1,712.33, while Cross Listed Indexgained 0.09 points to close at 113.57.
Market activity ended with a mere 336,749 shares with a value of $6,174,390 traded jumping over the 140,320 units on Monday, valued at $1,978,596.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ended with bids higher than their last selling prices and 4 with lower offers.
Gains| Grace Kennedy traded 66,000 units, with gains of 5 cents and closed at a 52 weeks’ high of $3.15, Guardian Holdings finished trading after an increase by 1 cent to end at $17.01, trading 21,326 shares valued at $362,733, National Enterprises closed with an increase of 1 cent to finished at $9.80, with 10 units and Trinidad & Tobago NGL ended trading and rose 2 cents to $26.52, with 1,313 units changing hands.
Losses| Ansa Mcal closed with a fall of 10 cents and ended at $62.39, with 160 units and Republic Financial Holdings finished 8 cents lower to close at $101.50, with 2,581 stock units.
Firm Traded| Clico Investments finished at $21, with 79,486 units valued at $1,669,206, First Citizens ended at $32, trading 5,921 shares, Sagicor Financial ended at $8, with 15,134 units changing hands, Scotiabank ended with 343 stock units trading at $60.50, Unilever Caribbean ended at $28, trading 1,410 shares and West Indian Tobacco finished at $90, with 27,535 stock units with a value of $2,477,952, 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: , , , , , , , , , , , , , ,

Main market stocks bounce on Monday

January 15, 2018 by

The Main Market of the Jamaica Stock Exchange recovered close to half of the losses of the last two trading days, when nearly 5,000 points were lost on the all Jamaica Index on a day when advancing stocks were just edged out by decliners.
At the close of the market the JSE All Jamaican Composite Index rose 1,863.51 points to 312,160.87 and the JSE Index gained 1,697.87 points to 284,413.84.
Main market activities ended with 9 stocks rising, 10 declining and 3 trading firm as 22 securities traded down from 24 securities on Friday.
Market activity ended with 3,228,645 units valued at $37,292,283, in contrast to 3,151,082 units for $55,743,394 on Friday. Activity in the US dollar market ended with 1 security trading, resulting in Proven Investments trading 311,462 units, with a value of US$68,526 and the JSE US Equities Index closing with a loss of 4.67 points to 168.76.
Trading ended with an average of 146,757 units for an average of $1,695,104 in contrast to 137,004 units for an average of $2,423,626 on Friday. The average volume and value for the month to date amounts to 285,526 units valued at 7,299,578 and previously 297,178 units valued at 7,824,252. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 3 with lower offers.
The major movers at the close of the market are, the two recently listed companies that continue to be in good demand with Victoria Mutual Investments trading 489,507 units and Wisynco Group exchanging 1.1 million units trading. Price changes saw Berger Paint falling $1 to $17, JMMB Group rose $1.20 higher to $25 Kingston Properties fell $1.70 to $6, Pan Jam Investment gained $1 to $41.50, and Sagicor Group rose $1 to $36.
For more details of market activities see – Wisynco still trading more than 1m shares.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , ,

Wisynco still trading more than 1m shares

January 15, 2018 by

Recent listings, Victoria Mutual Investments and Wisynco Group remain two of the leading trades in the main market of the Jamaica Stock Exchange on Monday, with Wisynco being the lead trade with VM Investment holding third.
Market activity ended with 23 securities changing hands, of which 9 advanced, 10 declined, 3 traded firm leading to 3,228,645 units valued at $37,292,283 changing hands.
At the close of trading, the JSE All Jamaican Composite Index advanced by 1,863.51 points to 312,160.87 and the JSE Index rose 1,697.87 points to 284,413.84.
In main market activity, Berger Paints closed with a loss of 1 cent at $17, with 10,200 shares, Cable & Wireless concluded trading 2 cents higher at $1.32, with 231,000 units, Carreras finished with a loss of 1 cent at $11.29, with 179,723 shares, Grace Kennedy traded with a loss of 36 cents at $43, with 550 stock units, Jamaica Broilers finished trading with a loss of 26 cents at $17.24, with 17,752 units. Jamaica Producers closed 20 cents higher at $16.70, with 5,850 shares, JMMB Group concluded trading $1.20 higher at $25, with 32,934 shares, Kingston Properties finished with a loss of $1.70 to end at $6, with 1,834 stock units, Kingston Wharves settled 35 cents higher at $31.50, with 3,070 units. Mayberry Investments ended trading with a loss of 30 cents at $6.70, with 82,093 shares, NCB Financial Group traded 48 cents higher at $99.50, with 55,429 shares, 138 Student Living ended at $6, with 767 shares, PanJam Investment ended $1 higher at $41.50, with 1,000 units, Portland JSX concluded trading with a loss of 5 cents at $10.70, with 2,000 shares. Pulse Investments finished 20 cents higher at $2.10, with 27,500 shares, Radio Jamaica settled at $1.10, with 40,084 shares, Sagicor Group ended trading $1 higher at $36, with 5,060 stock units, Scotia Group finished trading at $50.50, with 16,044 shares. Supreme Ventures concluded trading with a loss of 30 cents at $11.70, with 2,000 stock units, VM Investments finished with a loss of 5 cents at $4.10, with 489,507 units, Wisynco Group settled with a loss of 27 cents at $9.75, with 1,107,314 shares and Sagicor Real Estate Fund ended trading 25 cents higher at $14.25, with 916,934 shares.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Main market stocks bounce on Monday.”

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Trinidad stocks showing stronger tone

January 15, 2018 by

Market activity ended with all market three indices rising at the close of trading on the Trinidad & Tobago Stock Exchange on Monday.
The Composite Index gained 1.67 points on Monday to 1,276.62, the All T&T Index rose 1.66 points to 1,712.27, while the Cross Listed Index inched higher by 0.23 points higher to 113.48.
At the close, 16 securities traded against 14 on Friday, with the prices of 3 advancing, 2 declining and 11 remaining unchanged.
Market activity ended with 140,320 shares with a value of $1,978,596 traded, down from 388,079 shares with a value of $6,005,924 units on Friday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 5 with lower offers.
Gains| JMMB Group closed with an increase of 5 cents and ended with $1.80, with 10,000 stock units, Massy closed with a rise of 44 cents and finished with $47.94, with 1,916 stock units changing hands and Republic Financial Holdings rose 8 cents and ended at $101.58, with 907 stock units.
Losses| Angostura Holdings shed S1.27 and ended with $15, with 52,920 stock units and Scotiabank lost 50 cents and finished with 1,179 shares trading at $60.50.
Firm Traded| Clico Investments ended at $21, with 3,550 units, First Citizens finished at $32, trading 125 shares, Guardian Holdings finished with $17, trading 4,680 shares, National Flour ended at $1.99, trading 2,500 shares, NCB Financial Group finished at $6.75, trading 2,445 shares. One Caribbean closed at $13.06, with 1,000 stock units, Sagicor Financial finished at $8, with 46,848 units changing hands, Trinidad & Tobago NGL concluded trading at $26.50, with 7,015 units changing hands, Trinidad Cement ended with $3.75, trading 1,210 shares, Unilever Caribbean finished trading 3,925 shares at $28 and West Indian Tobacco closed at $90, with 100 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: , , , , , , , , , , , , , , , , ,

Junior Market index falls again – Monday

January 15, 2018 by

The Junior Market Index fell at the close of trading on Monday, falling points to close at 2,729.19, following gains in the prices of 5 securities, declines in 10 with prices 6 closing unchanged.
Trading ended with 21 securities changing hands, resulting in an exchange of 1,326,412 units valued at $4,542,759 compared to 3,580,303 units valued at $11,760,975 from 23 securities trading on Friday.
Trading ended with an average of 63,162 units for an average of $216,322 in contrast to 155,665 units for an average of $511,347 on Friday. For the month to date an average of 107,489 shares valued at $428,985 and previously, an average of 111,860 shares valued at $449,952. December closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ending with bids higher than the last selling prices and 6 with lower offers.
At the close of the market, AMG Packaging ended at $2.55, with 55,936 stock units, CAC 2000 finished with a loss of 50 cents at $8.20, trading 1,791 shares, Caribbean Cream ended trading at $5.77, with 2,200 shares, Caribbean Producers finished trading 9 cents higher at $4.37, with 210,229 units, C2W Music ended at 60 cents, with 3,000 shares. Express Catering ended trading with a loss of 35 cents at $4.85, with 47,496 shares, FosRich Group lost 10 cents to end at $2.50, with 281,281 shares, General Accident finished trading with a loss of 15 cents at $2.80, after 96,000 shares changed hands, GWest Corporation fell 3 cents to $2.90, with 141,865 stock units. Honey Bun ended with a loss of 5 cents at $4, trading 10,340 units, Jamaican Teas settled with a loss of 11 cents at $4.54, exchanging 2,640 shares, Jetcon Corporation ended trading 10 cents higher at $4.55, with 51,595 stock units, Knutsford Express closed at $15, with 7,060 shares. Lasco Distributors ended with a loss of 47 cents at $3.16, with 199,976 shares, Lasco Financial concluded trading with a loss of 10 cents at $5.40, with 10,000 stock units, Lasco Manufacturing finished 13 cents higher at $3.48, with 149,634 units, Main Event settled 38 cents higher at $5.41, with 1,245 shares. Paramount Trading traded with a loss of 9 cents at $3.50, with 50,000 shares, Stationery and Office finished trading at $4.90, with 2,624 stock units and tTech ended 38 cents higher at $6.38, with 1,000 shares. In the junior market preference segment, Eppley 8.25% ended at $5.45, with 500 stock 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: , , , , , , , , , , , , , , , , , , , , , ,

VM Investments & Wisynco in demand but

January 12, 2018 by

NCB Capital Markets Manager, Stanley Thompson (left) exchanges laughs with Wisynco Group Chairman William Mahfood.

Victoria Mutual Investments and Wisynco Group may not have traded shares in the millions on Jamaica Stock Exchange on Friday but demand placed them at number 2 and 3 in volume traded. 
Demand was such on Friday that they were the second and third highest volume traded in the market accounting for just 977,000 units versus 3.57 million on Thursday.
Market activity ended with 23 securities changing hands, of which 5 advanced, 13 declined, 5 traded firm leading to 3,151,082 units for an average of $55,743,394 changing hands.
At the close of trading, the JSE All Jamaican Composite Index dived 2,332.02 points to 312,808.10 and the JSE Index dropped by 2,124.73 points to 285,003.54.
In main market activity,  Berger Paints closed $1 higher at $18, with 2,410 shares, Barita Investments ended with a loss of 16 cents at $8.50, with 18,715 stock units, Cable & Wireless concluded trading at $1.30, with 210,965 units, Carreras finished with a loss of 5 cents at $11.30, with 160,130 shares, Grace Kennedy traded 36 cents higher at $43.36, with 43,901 stock units. Jamaica Broilers finished trading with a loss of 50 cents at $17.50, with 17,659 units, Jamaica Producers closed with a loss of 20 cents at $16.50, with 6,639 shares, Jamaica Stock Exchange ended at $6.95, with 41,887 shares, JMMB Group concluded trading with a loss of 52 cents at $23.80, with 1,142,852 shares changing hands. Kingston Wharves settled with a loss of $1.85 at $31.15, with 1,271 units, Mayberry Investments ended trading with a loss of 35 cents at $7, with 46,000 shares, NCB Financial Group traded with a loss of 48 cents at $99.02, with 44,706 shares, 1834 Investments finished trading at $1.27, with 620 shares. PanJam Investment ended with a loss of 52 cents at $40.50, with 20,001 units, Pulse Investments finished with a loss of 10 cents at $1.90, with 24,330 shares, Radio Jamaica settled 2 cents higher at $1.10, with 50,600 shares, Sagicor Group ended trading with a loss of 40 cents at $35, with 108,464 stock units. Sagicor Real Estate Fund ended trading at $14, with 4,418 shares, Scotia Group finished trading with a loss of 91 cents at $50.50, with 60,457 shares, Seprod closed with a loss of 95 cents at $29, with 100,120 shares, Supreme Ventures concluded trading at $12, with 67,497 stock units, VM Investments Limited finished 15 cents higher at $4.15, with 403,301 units, Wisynco Group settled 2 cents higher at $10.02, with 574,139 shares.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Main market drops sharply again – Friday.”

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Main market drops sharply again – Friday

January 12, 2018 by

The Main market of the Jamaica Stock Exchange suffered another day of a sharp fall in the market indices in trading on Friday, with more prices rising and less falling than on Thursday.
The market closed with the JSE All Jamaican Composite Index dropping 2,510.74 points to 310,297.36 and the JSE Index dived 2,287.57 points to 282,715.97.
Main market activities ended with 5 stocks rising, 13 declining and 6 trading firm as 24 securities traded down from 26 securities on Thursday.  Activity in the US dollar market ended with 1 security trading result in only 800 units exchanged, with a value of US$896 and the JSE US Equities Index closing unchanged at 173.43.
Victoria Mutual Investments and Wisynco Group continue to be dominant trades but with less than 1 million units trading on Friday combined versus 3.57 million units changing hands on Thursday.
Market activity ended with 3,151,082 units valued at $55,743,394 in contrast to as 5,110,001 units, with a value of $69,365,564 on Thursday.
The average trade ended at 137,004 units for an average of $2,423,626 in contrast to 196,539 units for an average of $2,667,906 on Thursday. The average volume and value for the month to date amounts to 297,178 units valued at 7,824,252 and previously 312,593 units valued at 8,410,169. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Activity in the US dollar market ended with 800 shares trading for JMMB Group 6 percent preference share at US$1.12.
The major movers at the close of the market are, JMMB Group trading 1.14 million shares, Wisynco closed trading 574,000 shares and Victoria Mutual Investments 403,000 units. Price changes saw Berger Paint rising $1 to $18, Kingston Wharves falling $1.85 to $31.15.

For more details of market activities see – VM Investments & Wisynco still in demand.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , ,