Republic dominates TTSE
Market activity resulted in 12 securities changing hands with 3 rising, 2 declining and 7 remaining unchanged compared to 14 securities trading on Wednesday.
The Composite Index rose 0.82 points to 1,231.59, the All T&T Index gained 0.18 points to 1,793.56 and the Cross Listed Index added 0.20 points to close at 89.87.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 8 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| Grace Kennedy gained 1 cent, closing at $2.70 with 25,667 units changing hands, Scotia Investments closed at a 52 weeks’ high of $2.70, with gains of 20 cents trading 13,045 shares and Trinidad & Tobago NGL advanced 60 cents to close at $22, with an exchange of a mere 70 units.
Losses| Guardian Holdings closed at $15, with a loss of 25 cents exchanging 4,754 shares, and Massy Holdings lost 3 cents to close at $51.45, with 38 shares changing owners.
Firm Trades| Agostini’s closed at $18.50 trading 5,995 units, Ansa Merchant Bank exchanged 1,000 shares at $40, First Citizens traded 200 shares at $32, National Enterprises closed at $10.01 with an exchange of 312 units. NCB Financial Group closed at $3.99 with trades of 5,000 shares, Republic Financial Holdings exchanged 13,356 shares at $101.90, valued at $1,360,982 and Scotiabank held firm at $58 with 1,500 shares changing hands.
Upper hand to rising stocks Wednesday
Trading in the main market of the Jamaica Stock Exchange closed on Wednesday with 25 securities changing hands with 2 trading in the US dollar market. A total of 13 stocks advanced and 9 declined while 2 closed at a new highs and one at a 52 weeks’ low.
Trading levels in main market ended at 3,999,238 units valued at $59,651,337 compared to 4,459,136 units valued at $97,369,402 at the close on Tuesday. Trading in the US dollar market accounted for 25,143 units valued at US$23,308.
The All Jamaica Composite Index jumped 1,629.68 points to close at 250,336.15 the JSE Market Index surged 1,484.82 points to finish at 228,084.60 and the JSE US dollar market index gained 3.38 points to close at 219.00.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 10 stocks with bids higher than their last selling prices and 1 with a lower offer.
The main market ended trading with an average of 159,970 units valued at $2,364,549 for each security traded, compared to an average of 165,153 units valued at $3,606,274 per security on Tuesday. The average for the month to date, ended at 484,175 units valued at $5,094,235 for each security versus 516,596 units valued at $5,367,204 on the prior trading day. The average volume and value for March ended at 549,909 units and $1,379,459.
In market activity, Berger Paints closed at $13.93, with a loss of 7 cents trading 37,105 shares, Cable and Wireless closed at $1.35, gaining 5 cents with an exchange of 953,276 shares, and Caribbean Cement closed $2 higher to $32 with 175,355 units changing hands. Carreras closed at $74, exchanging 21,369 shares, Grace Kennedy closed at $42, losing 80 cents with trades of 254,769 units, Jamaica Broilers closed 20 cents lower to $16.80 with 170,159 shares changing hands, Jamaica Producers closed at $15.41, with gains of 41 cents while exchanging 7,182 shares,Jamaica Stock Exchange gained $1 to close at $8, with an exchange of 87,363 shares. JMMB Group closed 33 cents higher at $18.98, with trades of 403,706 units, Kingston Properties traded at $15.50, losing 45 cents with 2,800 shares changing hands, Kingston Wharves closed $1 higher at $31, in trading 22,662 units, Mayberry Investments gained 20 cents to close at $4.70 exchanging 6,761 shares, NCB Financial Group traded $5 higher to end at a 52 weeks’ closing high of $70, with 36,393 shares changing hands, 1834 Investments closed at $1.50, with an exchange of 12,748 shares, 138 Student Living closed at $4.49 with 6,012 units traded, infrequent traderPalace Amusement advanced $30, to end at a 52 weeks’ high of $230 while exchanging just 100 units, Pan Jamaican closed at $35, while gaining 34 cents with 21,503 shares changing hands. Radio Jamaica gained 5 cents to close at $1.65 with trades of 25,081 shares, Sagicor Group gained 20 cents to close at $33.25, while trading 511,828 shares, Sagicor Real Estate Fund closed at $10.05, with 1,472 shares traded, Salada Foods closed 95 cents lower, to end at a 52 weeks’ low of $7.05, with 1,000 shares changing owners, Scotia Group lost $1.50 and closed at $40, exchanging 149,444 units, Supreme Ventures closed at $6.15, while losing 23 cents and trading 2,373 shares. Proven Investments closed at 30 US cents, exchanging 5,437 ordinary shares, Jamaica Money Market Brokers 7.5% preference share lost 1 cent to close at $1.80 with an exchange of 130,597 units, JMMB Group 7.5% preference share traded 5 cents lower, closing at $1.05 with 958,180 units changing hands, and JMMB Group US 6% preference share rose 2 cents and closed at US$1.10 with trades of 19,706 units.
60% of trading for Trinidad Cement
At the close 14 securities changed hands with 3 trading higher 4 declining and 7 trading unchanged compared to 13 trading on Tuesday. A total of 583,316 shares traded at a value of $3,038,295 compared to Tuesday’s 262,613 shares valued at $6,532,372.
The Composite Index declined 1.13 points to 1,230.77, the All T&T Index dropped by 6.54 points to 1,793.38 and the Cross Listed Index gained 0.59 points to close at 89.67.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 7 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| JMMB Group gained 1 cent to close at $1.31 exchanging 115,911 units, NCB Financial Group advanced 10 cents to $3.99 trading 2,480 shares and Trinidad Cement closed at $4.22, gaining 2 cents with an exchange of 440,340 units valued at $1,857,749.
Losses| Clico Investment lost 1 cent to close at $22.50 trading 7,444 shares, Massy Holdings was down 2 cents, closing at $51.48 with 3,000 shares changing owners, Grace Kennedy closed at $2.69, losing 1 cent exchanging 333 units and National Enterprises fell 59 cents to close at $10.01 with trades of 500 shares.
Firm Trades| Ansa McAL closed at $66.50 trading 1,571 units, Ansa Merchant Bank exchanged 1,000 shares at $40, National Flour Mills closed at $2.56 with an exchange of 431 units. Republic Financial Holdings exchanged 3,524 shares at $101.90 valued at $359,096, Sagicor Financial held firm at $9.10 trading 2,161 shares, Scotiabank was unchanged at $58 trading 1,851 shares and Trinidad & Tobago NGL remained at $21.40 exchanging 2,770 shares.
Upper hand for falling stocks on Tuesday
Declining stocks had the upper hand in trading in the main market of the Jamaica Stock Exchange at the close on Tuesday with 27 securities changing hands with 1 trading in the US dollar market. The markets closed with 7 stocks advancing and 12 declining.
Trading levels in main market ended at 4,459,136 units valued at $97,369,402 compared to 1,824,130 units valued at $21,197,848 at the close on Thursday, ahead of the Easter holiday break. Trading in the US dollar market accounted for 56,525 units valued at US$16,658.
The All Jamaica Composite Index advanced 378.10 points to close at 248,706.47 the JSE Market Index gained 344.49 points to finish at 226,599.78 and the JSE US dollar market index lost 8.42 points to close at 215.62.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks with bids higher than their last selling prices and none closed with a lower offer.
The main market ended trading with an average of 340,219 units valued at $3,606,274 per security traded compared to an average of 82,915 units at an average value of $963,539 on Thursday. The average volume for the month to date ended at 534,102 units with an average value of $5,367,204 versus 555,645 units valued at $5,562,862 per security traded on the prior trading day. The average volume and value for March ended at 549,909 units and $1,379,459.
In market activity, Barita Investments gained 10 cents to close at $7, with 59,000 shares changing hands, Berger Paints closed at $14 with trades of 5,100 shares, Cable and Wireless closed at $1.30 with an exchange of 434,033 shares, Caribbean Cement closed $2 lower at $30 with 86,694 units changing hands. Carreras closed at $74, gaining $1 exchanging 4,308 shares, Grace Kennedy closed at $42.80, with a loss of $1.20 trading 23,192 units, Jamaica Broilers gained 10 cents to close at $17 with 31,773 shares changing hands, Jamaica Producers closed at $15, with a loss of 50 cents exchanging 100,177 shares, Jamaica Stock Exchange closed 95 cents lower at $7, with a sale of 939,133 shares. JMMB Group closed 25 cents higher at $18.65, trading of 39,681 units, Kingston Properties traded at $15.95 with 200 shares changing hands, Kingston Wharves closed $1 lower to $30 trading 38,797 units, NCB Financial Group traded at a new intraday high of $75 but failed to hold on to the gain at the end of trading to end with 38,440 shares trading at $65, 1834 Investments gained 2 cents to close at $1.50, trading 10,000 shares, 138 Student Living closed at $4.49 with 63,500 units traded, PanJam Investment closed at $34.66, after losing 34 cents with 39,662 shares changing hands. Pulse Investments traded 4,900 units at $8,Radio Jamaica lost 15 cents to close at $1.60, with an exchange of 52,330 shares, Sagicor Group closed at $33.05, gaining 3 cents with an exchange of 2,253,648 shares, Sagicor Real Estate Fund closed at $10.05, with a loss of 5 cents and 7,200 shares traded, Scotia Group jumped $2.75 to $41.50, with an exchange of 43,366 units, Seprod lost $4 to close at $35, trading 4,532 shares, Supreme Ventures closed at $6.38, with 78,390 shares changing hands. Proven Investments closed at 30 US cents, losing 1 US cent exchanging 56,625 ordinary shares, Jamaica Money Market 7.25% preference share lost 9 cents, closing at $2.41 with 500 units changing owners, Jamaica Money Market 7.5% preference share traded 100,000 units at $1.81, having lost 19 cents, JMMB Group 7.25% preference share closed at $1.50 with 430 units traded and JMMB Group 7.5% preference share traded 150 units at $1.10.
Drop in Junior Market volume – Tuesday
The Junior Market started another shortened week with a 31.66 points drop, to end at 2,998.48 and a sharp fall in trading levels, compared with Thursday’s levels.
The market closed with 541,499 units valued at $4,457,020 passing through the market, compared to 2,378,976 units valued at 9,310,238 that were traded on Thursday. At the close, with 20 securities changing hands, compared to 23 on Thursday with 7 advancing and 8 declining.
The Junior Market ended trading with an average of 27,075 units for an average value of $222,851 traded, compared to 103,434 units for an average value of $404,793 on the previous trading day. The average volume and value for the month to date are 212,663 units and $1,456,784. The average volume and value for the month to the previous trading day ended at 256,913 units and $1,755,753. The average volume and value for March was 137,459 units and $1,313,411.
Trading ended with 4 stocks having bids higher than their last sale prices and only 1 ending with a lower offer, than the last traded price.
At the close of the market on Tuesday, AMG Packaging closed at $5.49 with 102,675 units changing hands, Blue Power traded 800 units to close at $35, CAC 2000 lost 18 cents and closed at $7.17 with 10,000 shares trading , Cargo Handlers lost 50 cents in trading just 100 shares at $20.50, Caribbean Cream gained 50 cents in trading 35,450 units to end at $7.80, Caribbean Producers closed trading with 1,000 units at $3.75, Consolidated Bakeries rose 20 cents with 18,437 shares changing hands, to close at $2.86, C2W Music closed trading with 10,200 shares while shedding 3 cents to end at 30 cents, Dolphin Cove ended at $20.06 with 544 shares trading, Honey Bun had 31,900 shares changing hands to close at $7.25, ISP Finance fell 10 cents to end at $15.40 with 13,045 units. Jetcon Corporation rose 10 cents to end at $11.90 with 10,710 shares traded, Knutsford Express rose 5 cents in trading 34,659 shares to close at $41, after the company reported the decision of the directors to recommend a 5 for 1 stock split as well as increased profits for the nine months to February. Lasco Distributors added 10 cents and ended with 73,693 units trading at $6.80, Lasco Financial lost 25 cents and ended with 28,500 shares changing hands at $4.05, Lasco Manufacturing fell 20 cents to close with 108,785 units changing hands at $4.80, Main Event lost 38 cents trading 36,141 shares at $5.35, Medical Disposables closed trading with 19,560 shares and rose 15 cents to end at $6, Paramount Trading closed at $3.55 with 1,000 units trading and tTech rose 5 cents, trading 4,300 shares to end at $7.20.
Massy dominant on TTSE on Tuesday
Massy Holdings was the leading trade accounted for more than 50 percent of traded value on the Trinidad & Tobago Stock Exchange on Tuesday. Market activity resulted in 13 securities exchanged compared to 16 on Thursday as 2 stocks advanced, 3 declined and 8 were unchanged.
Trading closed with 262,613 shares changing hands at a value of $6,532,372 compared to Thursday’s 437,400 shares valued at $7,816,009.
The Composite Index declined 0.77 points to 1,231.90, the All T&T Index fell 0.55 points to 1,799.92 and the Cross Listed Index was down 0.13 points to close at 89.08.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 7 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Clico Investment gained 1 cent to close at $22.51, with 43,661 units valued at $982,394 changing hands and Trinidad & Tobago NGL closed at $21.40, gaining 28 cents exchanging 13,161 units.
Losses| Guardian Holdings traded 20 cents lower to close at $15.25 with an exchange of 500 shares, JMMB Grouplost 5 cents, closing at $1.30 with 84,655 shares changing ownership and Sagicor Financial closed 5 cents lower at $9.10 trading 540 units.
Firm Trades| Angostura Holdings traded 34,900 shares at $14.90 valued at $520,050, Ansa McAL closed at $66.50 with trades of 67 units, Massy Holdings exchanged 68,195 shares valued at $3,512,098 shares to end at $51.50, National Enterprises closed at $10.60 with an exchange of 2,312 units. Prestige Holdings closed at $11 trading 2,279 units, Republic Financial Holdings closed at $101.90 while exchanging 8,739 shares valued at $890,509 Scotiabank remained at $58 trading 2,904 shares and Trinidad Cement held firm at $4.20 exchanging 700 shares.