7 junior stocks rise – Friday
The Junior market closed on Friday with a fall of just 4.13 points in the market index, to close at 2,176.88 as the market continues in consolidation mood but as Cargo Handlers jumped $5.99 to a new high of $82, with 915 shares changing hands, to record gains of 116 percent for the year to date. ISP Finance jumped 78 cents and gained 200 percent since listing in March, to close at a new high of $6 while trading 22,082 shares.
At the end of trading only 7 stock rose up from 1 on Thursday and 3 declined down from 8 on Thursday out of 15 securities that traded on Friday. The market closed with 1,387,475 units trading, 76 percent less than on Thursday, valued 60 percent less than on Thursday with $6,454,746 changing hands on Friday. Trading ended with 8 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
At the close, AMG Packaging closed with a gain of 14 cents at $13.70 with 1,750 units changing hands, Blue Power closed with 1,789 units changing hands at $20, Caribbean Cream closed with 92,693 shares changing hands and rose 24 cents to $7.25, after trading as high as $7.95. Caribbean Producers had 187,080 units changing hands, to close with a rise of 3 cents, at $3, Consolidated Bakeries traded 16,455 shares to close at $2.20. Dolphin Cove traded 2,105 units at $15 after falling 20 cents, Honey Bun closed with 26,817 shares changing hands at $5.30, Knutsford Express traded 33,650 shares to close at $25, Lasco Distributors fell 20 cents to end with 24,854 shares changing hands at $6.70, Lasco Financial ended with 552,729 shares changing hands at $3.50, after rising 15 cents. Lasco Manufacturing lost 16 cents and closed at $4.41 with 409,706 shares trading, Medical Disposables traded 12,130 shares with the price gaining 35 cents to close at $3.55 and Sweet River had 2,000 shares trading to end at $3.85.
Falling TTSE’s stocks beat risers – Friday
Trading activity on the Trinidad and Tobago stock market closed Thursday with marginal fall in the two main indices. The volume traded remained subdued with just over 100,000 units changing hands. At the close 13 securities changed hands, 2 of which rose, 5 declined and 6 remained unchanged.
Market activity ended with 158,085 shares valued at $2,244,588 changing hands, up from the $1,289,094 traded on Thursday. The Composite Index fell 1.44 points to close at 1,157.94, the All T&T Index declined 0.65 points to close at 1,821.62 and the Cross Listed Index ended 0.30 points lower at 65.80.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 7 stocks with bids higher than their last selling prices and 5 with offers that were lower.
Gains| Grace Kennedy contributed 1,000 shares to close at a 52 weeks’ high of $2.56 after rising 1 cent and Scotiabank closed with 890 shares changing hands and gained 2 cents to end at $57.53.
Losses| Clico Investment Fund closed with 2,237 shares changing hands to end at 15 cents lower at $22.51, JMMB Group fell 2 cents with 50.000 shares changing hands at 62 cents, Massy Holdings closed with 18,545 shares, valued at $1,022,765 changing hands with a fall of 45 cents to close at $55.05. One Caribbean Media traded 200 shares to end with a loss of 5 cents at a 52 weeks’ low of $20.75, Sagicor Financial Corporation fell 25 cents to close with 46,021 shares changing hands at $6.50 and Trinidad Cement fell by 1 cent and closed at $3.04 with 6,100 shares changing hands.
Firm Trades| Angostura Holdings ended with 27 shares changing hands to close at $14, First Citizens traded 3,080 units at $35, National Enterprises closed with just 7 shares changing hands at $10.49. Scotia Investments traded 1,350 shares at $1.72 and West Indian Tobacco with 85 shares changing hands at $126.32.
JSE drops in early session – Friday
In early morning trading on the Jamaica Stock Exchange main indices lost ground as Carreras traded 1,047,855 units and fell 51 cents to $65 and Scotia Group gained 40 cents with 202,938 units changing hands at $30.40 as the leading trades.
At 10:30 am 25 securities traded, resulting in a volume of 1,482,024 shares changing hands. The average number of shares traded amounts to 59,281 units compared to 83,033 units on Thursday. The number of stocks falling so far amounts to 9 while the prices of 7 securities rose as the market continues to consolidate with no new major developments or news to move prices in one direction or the other.
Trading in the junior market was low with only 5 securities changing hands with less than 50,000 units in all.
The all Jamaica Composite Index dropped 387.45 points to 177,726.97 the Jamaica Stock Exchange Market Index slipped 346.45 points to 159,961.28, the Jamaica Stock Exchange combined index fell 613.90 points to close at 170,460.65 and the junior market index fell 28.51 points to 2,152.50.
Trading drops on TTSE – Thursday
Trading activity on the Trinidad and Tobago stock market closed Thursday with marginal fall in the two main indices. The volume traded remained subdued with just over 100,000 units changing hands. At the close just 9 securities changed hands, 1 of which rose, 1 declined and 7 remained unchanged.
Market activity ended with 101,815 shares valued at $1,289,094 changing hands, well off from the $11,104,114 traded on Tuesday, with Wednesday being a public holiday.
The Composite Index fell 0.28 points to close at 1,159.38, the All T&T Index declined 0.54 points to close at 1,822.27 and the Cross Listed Index ended unchanged at 66.10.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 6 stocks with bids higher than their last selling prices and 5 with offers that were lower.
Gains| West Indian Tobacco gained 1 cent with 200 shares changing hands at $126.32.
Losses| Trinidad and Tobago NGL closed at $23.50 with 3,538 units changing hands after falling 25 cents.
Firm Trades| Angostura Holdings ended with 40,633 shares with a value of $568,862, changing hands to close at $14, Clico Investment Fund closed with 2,237 shares changing hands to end at $22.66, JMMB Group had 1,000 shares changing hands at 64 cents. Prestige Holdings had 32 units changing hands, to close at $10.80, Republic Financial Holdings ended with 3,676 shares with a value of $404,355 changing hands at $110, Sagicor Financial Corporation closed with 479 shares changing hands at $6.75 and Trinidad Cement closed at $3.05 with 50,020 shares changing hands.
JSE closes slightly down on Thursday
At the close of trading, the JSE Market Index fell 79.84 points to end at 160,307.73. The all Jamaica Composite Index declined 89.28 points to close at 178,114.42 and the JSE combined index dropped 442.66 points, to end at 171,074.55.
At the close of the market prices of 11 securities gained out of a total of 39 that traded, with 18 declining in the overall market, including only 1 stock rising and 8 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 14 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Cable & Wireless traded just 7,254 shares and closed 4 cents down to $1.06, Caribbean Cement traded 26,011 shares to fall 99 cents and closed at $25.50, Carreras traded 113,782 shares and inched higher by 1 cent to close at $65.51. Trading in 1834 Investments shares resulted in 152,042 units trading with a fall of 10 cents to $1.20, Grace Kennedy lost 5 cents to end at $43.50, with 233,174 shares changing hands. Jamaica Broilers had 8,880 shares changing hands, to end with a rise of 13 cents at $14.65. Jamaica Producers fell 15 cents to end at $8.35 with 574,462 units trading, Jamaica Stock Exchange jumped $2.34 with 38,341 units changing hands to close at $24.10, following the announcement of a meeting later in September to consider a stock split. JMMB Group traded 1,900 units at $10. Kingston Wharves traded 97,624 shares to close at $17.01, Margaritaville Turks traded 237,000 shares to close at 20 US cents after falling by a cent, Mayberry Investments ended with 10,500 shares trading to close at $3.28, National Commercial Bank had 35,171 units changing hands but gained 1 cent to close at $40.50. Pan Jamaican Investments closed at $23.50, after trading 5,600 shares, Radio Jamaica lost 10 cents in trading 135,591 shares, to end at $1.50, Sagicor Group fell by 28 cents with 172,060 shares changing hands at $22.02, Sagicor Real Estate Fund rose 5 cents in trading 14,140 shares, to close at $10.20. Scotia Group lost 40 cents to close at $30 with 2,695,006 shares changing hands, Seprod climbed $1 in trading 2,300 units to close at $21, Supreme Ventures gained 18 cents with 24,950 units changing hands at $4.98 and JMMB Group 6% preference share traded 10,000 units to close at US$1.10 after rising 1 cent.
Juniors rose modestly in August
The participation rate on the final day of the month was good with 18 securities being active and resulted in the market closing trading with 1,201,093 units valued at $5,410,798. A total of 9 stocks rose and 4 declined. One stock traded to close at a new high and one traded at an intraday high. Trading ended with 10 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
At the close, Access Financial ended trading with 2,337 units at $17.50, Blue Power closed with a rise of 30 cents with 433 units changing hands at a new high of $19.80, CAC 2000 traded 4,500 units to close unchanged at $6.40, Caribbean Cream closed with 7,578 shares changing hands at $7.05 after rising by 5 cents. Caribbean Producers had 55,189 units changing hands to close at $3.50, Consolidated Bakeries lost 6 cents in trading 7,502 shares to close at $2.34, General Accident traded 6,783 units at $2.30 after rising by a cent, Honey Bun had 69,795 shares changing hands to close at $5.80, after gaining 50 cents. Iron Rock Insurance traded 467,982 units but lost 12 cents in closing at $3.18, Jamaican Teas lost 40 cents while trading 33,000 shares to close at $3.20, Jetcon Corporation ended with a gain of 5 cents at a new high of $3.21, with just 2,000 shares changing hands, KLE Group traded 4,750 shares at $1.40. Knutsford Express traded 10,300 shares to close at $25 after hitting an intraday 52 weeks’ high of $26. Lasco Distributors rose 29 cents and ended with 210,694 shares changing hands at $6.99, Lasco Financial ended with 16,393 shares changing hands to close at $3.35, after dropping 15 cents, Lasco Manufacturing closed at $4.57 with 183,348 shares trading, after rising 2 cents, Medical Disposables traded 75,000 shares with the price rising 41 cents to close at $3.50 and tTech rose 70 cents with 43,509 shares trading to end at $4.50.
JSE gains in early session – Wednesday
In early morning trading on the Jamaica Stock Exchange, the main market rose moderately but the junior market fell moderately.
Jetcon Corporation traded 2,000 shares and rose by 5 cents at a new high of $3.23, Knutsford Express Services traded 5,344 units at a new all-time high of $26, Jamaica Money Market Brokers 7.50% preference share traded 212,947 units at $2.10.
At 10:45 am 31 securities traded, resulting in a volume of 514,030 shares changing hands. The average number of shares traded amounts to 16,582 units compared to 40,010 units on Tuesday. The number of stocks falling so far amounts to 8 while the prices of 10 securities rose.
The all Jamaica Composite Index dropped 575.23 points to 177,931.33 the Jamaica Stock Exchange Market Index slipped 514.36 points to 160,144.02, the Jamaica Stock Exchange combined index 448.54 points to close at 171,094.88 and the junior market index fell 2.78 points to 2,197.79.
Trading levels up on TTSE – Tuesday
At the close 4 stocks rose, 4 declined and 6 remained unchanged, leading to advances in the market’s indices.
The Composite Index rose 0.76 points to close at 1,159.66, the All T&T Index advanced 0.89 points to close at 1,822.81 and the Cross Listed Index gained 0.08 points to end at 66.10.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 6 stocks with bids higher than their last selling prices and 5 with offers that were lower.
Gains| Grace Kennedy contributed 250,840 shares with a value of $641,381 while gaining 2 cents to close at a 52 weeks’ high of $2.55, Massy Holdings closed with 10,393 shares, valued at $2,85 changing hands with a gain of 60 cents to close at $55.50. Republic Financial Holdings gained 2 cents and ended with 11,000 shares with a value of $1,209,902 changing hands at $110 and Scotiabank closed with 4,976 shares changing hands and gained 1 cent to end at $57.31.
Losses| Guardian Holdings had 24,846 shares changing hands to end with a loss of 4 cents at $13.53, Prestige Holdings had 2,791 units changing hands, to close with a loss of 10 cents at $10.80. Readymix dropped 60 cents to a 52 weeks’ low of $11 with 100 units changing hands and Trinidad and Tobago NGL closed at $23.75 with 1,400 units changing hands after falling 1 cent.
Firm Trades| Angostura Holdings ended with 482,737 shares with a value of $6,757,118 changing hands to close at $14, First Citizens traded 3,161 units at $35, JMMB Group had 52,000 shares changing hands at 64 cents. National Commercial Bank ended with 10,000 shares changing hands to close at $2.65 and Sagicor Financial Corporation closed with 16,594 shares changing hands at $6.75 and Trinidad Cement closed at $3.05 with 311,448 shares carrying a value of $949,948 changing hands.