Trading activity on the Trinidad and Tobago stock market closed Friday with losses in the three market indices. Volume traded fell back from 732,985 units changing hands on Thursday only 89,258. At the close just 9 securities changed hands, just 2 rose, 4 fell while 3 remained unchanged.
Market activity ended with 133,041 shares valued at $1,194,344 changing hands, down from the $3,195,862 traded on Thursday.
The Composite Index declined 0.30 points to close at 1,155.81, the All T&T Index rose 0.41 points to close at 1,816.99 and the Cross Listed Index ended down by 0.14 points at 65.85.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 8 stocks with bids higher than their last selling prices and 6 with offers that were lower.
Gains| Scotiabank gained 3 cents and closed with 1,890 shares changing hands at $57.60 and 
Trinidad and Tobago NGL closed at $23.69 with 26,671 units with a value of $631,820 trading, after rising 18 cents.
Losses| Bourse Brazil Latin Fund lost $1.40 and ended with 1,000 shares changing hands at $8.10 for a 52 weeks’ low, Clico Investment Fund closed with 4,745 shares changing hands, to end 1 cent lower at $22.64, Grace Kennedy ended with 68,440 shares trading as the price slipped 5 cents to $2.51 and L.J. Williams B share closed with 27,000 shares changing hands close at a 52 weeks’ low of 72 cents after slipping by 12 cents.
Firm Trades| First Citizens traded 2,170 units at $35, Guardian Holdings had 1,025 shares changing hands to end at $13.01 and Republic Financial Holdings ended with 100 shares changing hands at $109.99.
TTSE slips on Friday
JSE main market climbs in early trading
The Jamaica Stock Exchange main market enjoyed strong gains in the indices in early Friday morning trading but with only limited volume changing hands in the overall markets. The junior market index slipped a bit with only a few securities trading in that market.
Trading of note so far took place for 106,580 Cable & Wireless shares with 181,615 shares in 1834 Investments changing hands while 59,745 shares of Grace Kennedy traded and JMMB Group had 275,597 units trading at $9.88 in the main market and in the junior market the stocks with the leading volumes traded are C2W Music with 40,000 units and Eppley Preference Shares 2019 had 50,000 units changing hands.
At 10:45 am 22 securities traded, resulting in a volume of 861,119 shares carrying a value of $8,593,129 changing hands compared to 5,070,164 shares carrying a value of $14,465,644 on Thursday. The average number of shares traded amounts to 39,142 units compared to 211,257 units on Thursday. The number of stocks falling are 10 while the prices of 8 securities rose as the market continues to consolidate.
The all Jamaica Composite Index jumped 947.08 points to 178,531.20, the Jamaica Stock Exchange Market Index gained 846.86 points to 160,680.41, the Jamaica Stock Exchange combined index climbed 680.28 points to close at 172,524.29 and the junior market index slipped 10.25 points to 2,288.60.
12 junior stocks rise – Thursday
Caribbean Cream – 1 of 4 stocks trading at a new high on Thursday.
Trading in the junior market resulted in 12 stocks rising, while 3 declined out of 19 securities that traded. Market activities ended with 5 securities closing with bids higher than their last selling prices and 4 ending with lower offers as the supply of many stocks continue to evaporate thus setting the stage for a big push forward in the prices of many of the junior listings.
At the close, Access Financial gained $1 in trading 1,500 units to end at $18.50, AMG Packaging climbed $2.20 and ended at $16.70, with just 300 units changing hands,
Blue Power lost a cent to close with 578 shares changing hands at $20.02, Cargo Handlers traded 1,500 shares to close $4 higher at a new 52 weeks’ high of $86. Caribbean Cream closed with 75,442 shares changing hands with a gain of $1 to a new 52 weeks’ high of $8.50, Caribbean Producers had 22,572 units changing hands, to close with a gain of 28 cents at $3.78, Consolidated Bakeries traded 9,700 shares to close at $2.25. C2W Music traded up by 3 cents to close at 20 cents with 210,000 units changing hands, General Accident traded 104,311 units and gained 22 cents to end at $2.30. Honey Bun traded 4,000 units at $5.50, after slipping 1 cent, Iron Rock Insurance rose 9 cents in trading 5,000 units, to close at $3.28,
Jamaican Teas fell 23 cents in trading just 1,803 shares to close at $3.40, Jetcon Corporation gained 10 cents to end with 18,991 shares trading and closed at a new all-time high of $3.30. Knutsford Express had 14,300 units changing hands, to end with a rise of 93 cents at a new closing high of $26, Lasco Distributors ended with 495,390 shares changing hands, loss 20 cents to close at $6.70, Lasco Financial had 618 shares changing hands at $3.52, for a rise of 2 cents. Lasco Manufacturing closed at $4.50 with 854,813 shares trading, Paramount Trading jumped $1 in trading 3,000 shares at $14 and tTech traded 8,700 shares at $5.
19 JSE stocks rise on Thursday
Palace closed at a new high of $170 on Thursday.
The junior market accounted for 1,832,518 units valued at $9,192,820 of the total traded on Thursday.
At the close of trading, the JSE Market Index climbed 527.63 points to end at 159,833.55. The all Jamaica Composite Index rose 590.07 points to close at 177,584.12 and the JSE combined index jumped 1,217.16 points, to end at 171,844.01.
At the close of the market prices of 19 securities gained out of a total of 39 that traded, with 8 declining in the overall market, including 12 stocks rising and 3 falling, in the junior market.IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 13 stocks with bids higher than their last selling prices and 6 with lower offers, suggesting continued fluidity in price movements ahead.
In market activity, Cable & Wireless dominated trading with 3,903,944 shares changing hands and closed with a loss of 5 cents at 94 cents, Carreras traded 10,987 shares and gained 3 cents to close at $66.47, Grace Kennedy ended at $42.99, with 5,640 shares changing hands. Jamaica Broilers had 4,580 shares changing hands, to end with a gain of 5 cents at $14.60. Jamaica Producers ended at $8.50 with 450 units trading, Jamaica Stock Exchange lost 60 cents with 80,279 units changing hands, to end at $27.40 after trading as high as $28.50.
JMMB Group traded 19,900 units and rose by 5 cents to $9.95. Kingston Wharves dropped $1.45 in trading 5,261 shares to close at $16.10, Mayberry Investments gained 20 cents ended with 3,570 shares trading to close at $3.50, National Commercial Bank had 15,840 units changing hands to close at $40, Palace Amusement traded 500 units and rose $5 to end at a 52 weeks’ high of $170. Pan Jamaican Investments fell 19 cents and closed at $24.30 after trading 2,950 shares, Portland JSX traded 27,200 units at $11, Sagicor Group traded 1,820 shares while rising 30 cents to close at $22.50, Scotia Group gained 50 cents to close at $31 with 22,700 shares changing hands. Supreme Ventures had 879,445 units changing hands and fell 9 cents to $4.75 and Proven Investments traded 20,849 units to close at 19.87 US cents after slipping 0.13 cent.
TTSE down on Thursday
Trading activity on the Trinidad and Tobago stock market closed Thursday with losses in the three market indices. Volume traded picked up with over 732,000 units changing hands compared with only 89,258 on Wednesday. At the close just 10 securities changed hands, just 4 rose, 3 fell while 3 remained unchanged.
Market activity ended with 732,985 shares valued at $3,195,862 changing hands, up from the $1,450,746 traded on Wednesday.
The Composite Index declined 0.50 points to close at 1,156.11, the All T&T Index fell 0.67 points to close at 1,816.58 and the Cross Listed Index ended unchanged at 65.99 with a loss of 0.05 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 9 stocks with bids higher than their last selling prices and 6 with offers that were lower.
Gains| National Flour rose 6 cents, with 3,850 shares changing hands, to close at $2.41, Scotiabank rose 4 cents and closed with 1,671 shares changing hands, at $57.57, 
Trinidad and Tobago NGL closed at $23.51 with 2,500 units trading, after rising 1 cent and Trinidad Cement gained 2 cents and closed at $3.12 with 686,998 shares valued at $2,143,434 changing hands.
Losses| JMMB Group lost 1 cent and ended with 2,976 shares changing hands at 61 cents, National Enterprises closed with just 1,646 shares changing hands close at a 52 weeks’ low of $10.40 after slipping by 9 cents and Republic Financial Holdings ended with 1,793 shares changing hands at $109.99 with the loss of a cent.
Firm Trades| Clico Investment Fund closed with 25,992 shares valued at $326,637 changing hands, to end at $22.65, First Citizens traded 500 units at $35 and Guardian Holdings had 5,059 shares changing hands to end at $13.01.
Juniors dominate early trading
The junior enjoyed quite brisk trading on Jamaica Stock Exchange early Thursday driving the junior market index up by 44.65 points with 4 junior market companies having more than 100,000 units trading, with Lasco Manufacturing having 854,813 units changing hands. C2W music saw the price recovering to 20 cents from 17 cents with 210,000 shares trading.
Cable & Wireless was the only main market stock to see high volume as the stock had 3,153,049 units changing hands at 95 cents while Jamaica Stock Exchange traded 61,600 units at $28.50 and junior market Cargo Handlers hit a new high with 1,500 shares trading at $86.
Other trades of more than 100,000 units are, General Accident Insurance with 104,311 units at $2.30 and Lasco Distributors 485,970 shares at $7. Caribbean Creams ended up with 66,230 unit at $8.
At 10:45 am 24 securities traded, resulting in a volume of 5,070,164 shares carrying a value of $14,465,644 changing hands compared to 1,182,572 units with a value of $29,395,598 on Wednesday. The average number of shares traded amounts to 211,257 units compared to 51,416 units on Wednesday. The number of stocks falling are 6 while the prices of 8 securities rose as the market continues to consolidate with no new major developments or news to move prices in one direction or the other.
The all Jamaica Composite Index slipped 41.00 points to 176,953.05 the Jamaica Stock Exchange Market Indexdeclined 36.66 points to 159,269.26, the Jamaica Stock Exchange combined index climbed 424.13 points to close at 171,050.98 thanks to a sharp rise in the junior market and the junior market index climbed 44.64 points to 2,272.58.
14 JSE’s stocks rise 7 fall – Wednesday
NCB traded as low as $36.10 on Wednesday but ended back at $40..
Jamaican stocks again saw more prices rising than falling but the market indices incurred losses nevertheless at the end of trading on Wednesday. Unlike the previous two days with extremely low volumes trading levels climbed sharply by the close of the market with 5,711,945 units valued at $60,243,332, well up from the 2,652,003 units valued at $16,996,985 changing hands on Tuesday’s with, the junior market accounting for 1,483,909 units valued at $6,870,963.
At the close of trading, the JSE Market Index dropped 849.63 points to end at 159,305.92. The all Jamaica Composite Index dived 950.18 points to close at 176,994.05 and the JSE combined index sank 833.28 points, to end at 170,626.85.
At the close of the market prices of 14 securities gained out of a total of 36 that traded, with 7 declining in the overall market, including 7 stocks rising and 4 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, 
the Investor’s Choice bid-offer indicator reading showed 13 stocks with bids higher than their last selling prices and 6 with lower offers, suggesting continued fluidity in price movements ahead.
In market activity, Berger Paints traded 10,741 shares at $5, Cable & Wireless traded 822,600 shares and closed with a loss of 1 cent at 99 cents, Carreras traded 1,570 shares to close at $66.44. Trading in in shares of 1834 Investments resulted in 197,265 units changing hands to end at $1.25, Grace Kennedy jumped 99 cents to end at $42.99, with 23,328 shares changing hands, Jamaica Broilers had 13,650 shares changing hands, to end with a fall of 5 cents at $14.55. Jamaica Producers ended at $8.50 with 300,150 units trading, Jamaica Stock Exchange gained 18 cents with 160,144 units changing hands, to end at a 52 weeks’ closing high of $28 as investors continue to react positively to the announcement of a likely stock splitJMMB Group traded 1,009,454 units at $9.90.
Margaritaville Turks traded 6,540 shares to close at 21 US cents, Mayberry Investments ended with 502,200 shares trading to close at $3.30, National Commercial Bank had 531,488 units changing hands to close at $40, the stock traded as low as $36.10 during the day but with small volumes. Pan Jamaican Investments fell 1 cent and closed at $24.99 after trading 11,495 shares, Sagicor Real Estate Fund traded 35,080 shares to close at $10.20, Scotia Group added 40 cents to close at $30.50 with 7,320 shares changing hands. Scotia Investments had 2,064 units changing hands at $26, Proven Investments traded 389,000 units to close at 19.90 US cents after rising 0.90 cent and JMMB Group 7.50% rose 2 cents in trading 193,871 units at $1.10. [Read more…]
TTSE Unilever drops $4.50 – Wednesday
Unilever products fighting in a weakened T&T economy leading to a big drop in the stock price.
Market activity ended with 89,258 shares valued at $1,450,746 changing hands, down from the $2,665,520 traded on Tuesday.
The Composite Index declined 1.03 points to close at 1,156.61, the All T&T Index fell 2.04 points to close at 1,817.25 and the Cross Listed Index ended unchanged at 66.04.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 8 stocks with bids higher than their last selling prices and 5 with offers that were lower.
Gains| Trinidad Cement closed at $3.10 with 15,500 shares changing hands to gain 5 cents.
Losses| Clico Investment Fund closed with 14,420 shares valued at $326,637 changing hands, to end 1 cent down at $22.65, Massy Holding lost 1 cent in trading 5,718 shares valued at $314,433 to close at $54.99 and Unilever Caribbean traded 2,643 units to close at a 52 weeks’ low of $58 after nosediving $4.50. Unilever’s stock has been under pressure from early 2015 after it suffered from problems in a new software package followed by a weakening domestic market that saw revenues coming under pressure. The latest results to June, shows slightly reduced revenues in the June quarter, compared to 2015, with 13.6 percent more after tax profit, after gross profit increased by percent.
At the present price and likelihood of earnings per share hitting $2 this year, the stock is priced close to 30 times this year’s earnings, well ahead of others in that market and could undergo more decline in the price as the market adjusts it to be more in line with its peers.Firm Trades| First Citizens traded 13,058 units with a value of $457,030 at $35, Grace Kennedy ended with 36,950 shares changing hands at $2.56, Scotiabank closed with 955 shares changing hands to end at $57.53 and West Indian Tobacco with 14 shares changing hands closed at $126.32.
7 junior stocks up 4 down – Wednesday
Blue Power closed at a new high of $20.03 on Thursday.
Trading in the junior market resulted in 7 stocks rising, the same as on Tuesday, while 4 declined compared to 5 on Tuesday out of 13 securities that traded.
Trading ended with 7 securities closing with bids higher than their last selling prices and 3 ending with lower
offers as the supply of many stocks continue to evaporate thus setting the stage for a big push forward in the prices of many of the junior listings.At the close, AMG Packaging lost 5 cents and ended at $14.50, with 19,750 units changing hands, Blue Power rose 3 cents to close with 1,600 shares changing hands at a new 52 weeks’ closing high of $20.03. At the close there was only one offer to sell 25,000 shares at $25, Caribbean Producers had 55,974 units changing hands, to close with a gain of 30 cents at $3.50, Consolidated Bakeries traded 300 shares but lost 15 cents to close at $2.25, General Accident traded 4,400 units but lost 1 cent to end at $2.08. Honey Bun traded 374,000 units at $5.51, after rising 1 cent, Jetcon Corporation ended with 24,916 shares trading at $3.20,
Knutsford Express closed with 1,200 units changing hands, to end with a gain of 7 cents at a new closing high of $25.0, KLE Group traded just 100 units at $1.40. Lasco Distributors ended with 87,374 shares changing hands, gaining 30 cents, in the process to close at $6.90, Lasco Financial saw Mayberry Investments buying most of the stocks to trade, for in house purposes as 570,000 shares changed hands at $3.50, for a rise of 25 cents. Lasco Manufacturing fell 15 cents and closed at $4.50 with 342,295 shares trading and Paramount Trading jumped $1 in trading 2,000 shares at $13.
JSE trades down early Wednesday
Trading on Jamaica Stock Exchange early Wednesday is slow with only a few trades of meaningful size as the indices gave up some gains over the past two days.
Meaningful volumes came from penny stocks Cable & Wireless with 113,022 units at $1 and 1834 Investments with 159,400 shares at $1.25 followed by Jamaica Stock Exchange with 55,577 units at $27.15, National Commercial Bank with 401,780 shares at $39.99 and Proven Investments with 389,000 units at US 19.9 cents.
At 10:45 am 23 securities traded, resulting in a volume of 1,182,572 shares carrying a value of $29,395,598 changing hands down from 1,835,382 units on Tuesday. The average number of shares traded amounts to 51,416 units compared to 63,289 units on Tuesday. The number of stocks falling are 7 while the prices of 6 securities rose as the market continues to consolidate with no new major developments or news to move prices in one direction or the other.
The all Jamaica Composite Index dropped 857.51 points to 177,086.72 the Jamaica Stock Exchange Market Indexdeclined 766.77 points to 159,388.78, the Jamaica Stock Exchange combined index lost 919.05 points to close at 170,541.08 and the junior market index slipped 20.25 points to 2,212.09.
