Trading on the Trinidad Stock Exchange closed with 16 securities changing hands of which 7 advanced, 4 declined and 5 traded firm, with a total of 244,650 units, valued at $9,307,775 trading.
At the close of the market, the Composite Index fell by just 0.49 points to close at 1,146.04, the All T&T Index rose 0.22 points to close at 1,962.32 rose and the Cross Listed Index fell 0.16 points to end at 43.22.
Gains| Stocks increasing in price at the close are, ANSA McAL added 11,518 shares valued at $762,135, to gain 2 cents to $66.17, Ansa Merchant Bank closed at a new 52 weeks’ high of $39.42, up a cent while 5,260 shares changed hands, Guardian Holdings gained a cent to close at $13.51 while trading 9,271 units, One Caribbean Media ended with a 1 cents increase to $25.13 with 500 shares, Trinidad Cement put on a cent to end at $2.03 with 5,600 units, Unilever was up 4 cents to close at a new 52 weeks’ high of $64.19 while 5,808 units changed hands with a value of $372,815 and West Indian Tobacco gained 16 cents to end the day at $118.77 as 4,110 shares were traded valued at $488,144.
Declines| The stocks declining at the end of trading are, Massy Holdings traded 11,000 shares valued at $753,940 to close at $68.54 with a loss of 1 cent, Republic Bank with 27,285 shares being traded for $3,293,884 shed 75 cents to $120. Sagicor Financial contributed 27,078 shares, valued at $163,909 but fell 20 cents to close at $6.05, for a new 52 weeks’ low and Scotiabank traded 6,125 shares valued at $355,127 to close with 1 cent loss at $57.98 a new 52 weeks’ low.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund with 98,100 shares valued at $2,168,010 remained at $22.10, Firstcaribbean International Bank 645 shares to end at $5.50, First Citizens Bank traded 1,500 shares at $36.75, National Enterprises with 30,550 shares changing hands for a value of $534,325 closed at $17.50 and National Flour Mills with 300 shares ended at $1.10.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.
7 stocks up but Republic drops 75c
Trading in only 8 main market stocks
Thursday’s activity on the Jamaica Stock Exchange, resulted in the prices of 3 stocks rising and 8 declining as 17 securities changed hands, ending in 3,395,725 units trading, valued at $14,458,959, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 4 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
Main Market| The JSE Market Index gained 147.24 points to 71,804.85, the JSE All Jamaican Composite index rose 164.64 points to close at 78,999.10 and the JSE combined index gained 108.17 points, to close at 73,655.26.
Gains| Stocks gaining at the last traded prices, at the end of trading in the main market are, Mayberry Investments with 10,000 shares changing hands, gained 10 cents to $1.50 and Scotia Group trading 411,651 shares as the price gained 64 cents to $19.75.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless with 2,297,611 shares closed at 28 cents, followed by Grace Kennedy’s 244 shares at $57.24 and Sagicor Group 20,000 units at $9.65.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras had 11,692 shares trading, with 10 cents fall to $34.50, Jamaica Broilers exchanged 7,661 shares with a loss of 6 cents to $4.10 and National Commercial Bank with 243,752 units closed 65 cents higher at $17.30.
Only 8 securities traded in Trinidad
Only 8 securities traded on the Trinidad Stock Exchange on Thursday, 1 advanced, 1 declined and 6 traded firm resulting in a total of 33,413 units changing hands, valued at $1,796,156. At the close of the market, the Composite Index rose 0.01 points to close at 1,146.53, the All T&T Index edged up 0.02 points to close at 1,962.10 and the Cross Listed Index remained at 43.38.
Gains| Trinidad Cement inched up a cent to $2.02 while trading 1,000 shares to be the sole stock to gain in price.
Declines| The only stock declining at the end of trading is Scotiabank with 1,000 shares, fell 1 cent to close at $57.99 to a new 52 weeks’ low.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Agostini’s traded 284 shares at $17.34, Clico Investment Fund with 9,160 shares valued at $202,436 closed at $22.10, First Citizens Bank traded 869 shares to close at $36.75, Guardian Holdings contributed 3,100 shares to end at $13.50, National Commercial Bank with 6,000 shares closed at $1 and Republic Bank with 12,000 shares changing hands for a value of $1,449,000, ended at $120.75.
With results being released for the September quarter and the end of the year nearing, financial information may be forthcoming that could result in more interest in some of the stocks. The number of stocks with bids higher than their last sale prices is in keeping with the above.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator was showing a moderately bullish signal as had 6 stocks closed with bids higher than their last selling prices and 1 stock with the offer that was lower.
8 up & 9 JSE stocks down Wednesday
Wednesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 8 stocks rising and 9 declining as 24 securities changed hands, ending in 1,412,626 units trading, valued at $4,275,609, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than their last selling prices and 7 with offers that were lower.
Main Market| The JSE Market Index gained 91.59 points to 71,657.61, the JSE All Jamaican Composite index rose 102.42 points to close at 78,834.46 and the JSE combined index gained 91.20 points to close at 73,547.09.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Caribbean Cement with 62,500 shares changing hands, closed 20 cents higher at $2.40, Jamaica Broilers exchanged 12,260 shares, 1 cents higher at $4.16, Jamaica Money Market Brokers with 214 ordinary shares trading, rose 5 cents rise to $7.05, National Commercial Bank saw trading in 19,401 shares as the price ended with a 40 cents gain, to $17.95, Radio Jamaica 27,916 shares ended with the price rising 5 cents to $1.20 and Sagicor Group had 32,554 shares changing hands 5 cents higher at $9.65.
Firm| The stocks in the main market to close without a change in the last traded price are, Carreras with 4,520 shares and closed at $34.60, Mayberry Investments had 2,040 shares trading to end at $1.40, Salada Foods had 20,000 shares trading to close at $7.85, Scotia Group with 21,100 shares changing hands ended at $19.11 and Seprod closed with 114,269 shares at $11.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless with 174,393 shares, closing a cent lower at 28 cents, Desnoes & Geddes with 50,000 shares, lost 18 cents to $4.80, Gleaner closed with 13,994 units changing hands, 5 cents lower at $1.05, Grace Kennedy with only 240 units, ended down 76 cents to $57.24, Pan Jamaican Investment had only 1,000 active shares, but lost 15 cents to end at $49.05 and Supreme Ventures ended with 3,500 units with a loss of 2 cents at $1.70.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 83,412 units at $3 and Jamaica Money Market Brokers 7.25% preference share traded a mere 970 shares, closed with a cent loss, at $2.49.
Jamaican$ lost most vs Pound on Tuesday
The Jamaican dollar lost most against the British Pound, but underwent moderate changes with the US and Canadian dollars in trading on Tuesday, as authorized dealers bought US$7 million less funds than was sold. Dealers purchased the equivalent of US$33,265,759 versus US$59,284,131, on Monday and sold the equivalent of US$40,508,881 compared with US$43,206,616 on Monday.
In US dollar trading, dealers bought US$27,496,261 compared to US$51,676,419 on Monday. The buying rate for the US dollar lost 5 cents to $112.24 and US$35,263,494 was sold versus US$38,092,548 on Monday, the selling rate rose 4 cent to $112.71. The Canadian dollar buying rate, climbed 78 cents to $99.65 with dealers buying C$3,177,324 and selling C$4,673,998, at an average selling rate that declined 7 cents, to $101.09. The rate for buying the British Pound moved up 31 cents to $179.06, for the purchase of £1,526,729, while £503,224 was sold, at $181.60, an increase of 67 cents. Other currencies bought, amounted to the equivalent of US$512,958, while the equivalent of US$242,382, was sold.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying, the highest selling and the lowest selling rates were unchanged at $112.85, $91.85, $117.70 and $91.85 respectively. The highest buying rate for the Canadian dollar rose 10 cents to $101, the lowest buying rate fell 16 cents to $79.35, the highest selling rate climbed 20 cents to $103. The lowest selling rate dropped 20 cents to $95.60. The highest buying rate for the British Pound, fell $6.25 to $181.75. The lowest buying rate had no change at $145.08, the highest selling rate eased 86 cents to $187.14 and the lowest selling rate jumped $23.52 to $174.90.
Republic trades big but Is Scotia bottoming?
Scotiabank traded nearly 30,000 shares on the Trinidad Stock Exchange on Tuesday, making it the fourth largest trade since 236,520 units were traded on May 22 at $70, just before the bank released its six months result, showing a sharp fall in profit for its second quarter. Prior to today’s trade, Scotia traded 200,069 units at $68.94, on July 9 and 40,719 shares on July 31, at $66.74 each.
The next closest volume, was a trade of 25,042 units at $60.80, on September 25. The amount traded today has been on offer from October 24 at $58. The big question, is the end of the decline from $70 which started in May, coming to an end? At the close there was a bid to buy only 100 units at $57.50 and a small offer to sell 317 units at $58. The PE ratio of the stock is just over 16 times this year’s earnings, and is close to Republic Banks PE, suggesting that the decline may not have long to run, but buying ahead of the October year end results, may be tempered while the release is pending. Regardless, Investors should be putting this one on their Watch List, now that the price has declined a fair amount.
The Market closed with 14 securities changing hands of which 2 advanced, 3 declined and 9 traded firm, with a total of only 261,908 units, valued at $15,296,503, with Republic accounted for $12 million of the trade, down from Mondays $15.7 million.
At the close of the market, the Composite Index lost 0.62 points to close at 1,146.56, the All T&T Index fell by 1.25 points to close at 1,962.15 and the Cross Listed Index remained unchanged at 43.38.
Gains| Trinidad Cement had 3,949 shares trading, gained 1 cent to end at $2.01 and West Indian Tobacco climbed 4 cents to end the day at $118.56 while trading only 50 shares. The company announced an increased final dividend for 2014 of $1.39, up from $1.07 last year.
Declines| The stocks declining at the end of trading are, Angostura Holdings that added 9,627 shares valued at $120,338 to end with a fall of 3 cents at $12.50, First Citizens Bank traded 6,519 shares to close with a loss of 5 cents at $36.75, Republic Bank with 100,076 shares changing hands for a value of $12,084,190, suffered a loss, of 35 cents to close at $120.75.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Ansa McAL with 3,525 shares to close at $66.15, Clico Investment Fund with 29,360 shares valued at $648,856 to end at $22.10, Guardian Holdings contributed 5,812 shares at $13.50, Jamaica Money Market Brokers with 50,000 shares being closed at 45 cents, Massy Holdings traded 386 shares at $68.55, One Caribbean Media with 1,150 units, closed at $25.25, Praetorian Property Mutual Fund traded 20,000 units to remain at $3.40, Prestige Holdings closed at $9.55 after trading 1,906 shares and Scotiabank contributed 29,548 shares with a value of $1,713,784 to end at $58.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.
Lousy Monday trading on JSE
Monday’s activity on the Jamaica Stock Exchange, sank to a low level with only 526,642 units trading, valued at just $2,883,385, in all market segments. At the close the prices of 5 stocks rose and 9 declined as 21 securities changed hands.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 4 stocks with bids higher than their last selling prices and 7 stocks with offers that were lower.
Main Market| The JSE Market Index fell 23.45 points to 71,642.45, the JSE All Jamaican Composite index declined 26.22 points to close at 78,817.51 and the JSE combined index dipped 65.01 points to close at 73,502.73.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Carreras with 17,100 shares trading, gained 10 cents to $34.60, Desnoes & Geddes rose 28 cents to $4.98 in trading 1,000 shares, Grace Kennedy exchanged 9,580 shares at $58, rising by 5 cents and Sagicor Group had 9,850 shares changing hands, 10 cents higher to $9.60.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless with 11,500 units at 29 cents, Ciboney’s 211,200 shares traded to close at 7 cents, Jamaica Broilers 7,200 units at $4, Mayberry Investments with 12,550 shares closed at $1.40, Proven Investments with 16,950 shares ended at 18 US cents and Radio Jamaica had 2,040 units changing hands at $1.15.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Kingston Wharves with 1,230 ordinary shares traded 40 cents lower at $5.10, National Commercial Bank closed with 5,850 units trading after slipping 25 cents to $17.55, followed by Pan Jamaican with 2,000 shares, and closed down 80 cents at $49.20, Sagicor Real Estate Fund traded 3,000 shares, and closed with a loss 35 cents at $6.65 and Scotia Group had 35,184 shares changing hands and ended 10 cents lower at $19.40.
Preference| Jamaica Money Market Brokers 7.50% preference share traded 5,000 units at $2.
5 stocks traded in junior market 4 fell
The Junior Market closed with 175,408 units valued at $314,853 trading. The JSE Junior Market Index fell 4.59 points to close at 656.81, only 5 securities traded, 1 advanced and 4 declined.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower. The junior market continues to exhibit weakness with 10 securities closing with no bids to buy. There were 4 securities that had no stocks being offered for sale.
Stocks that traded on Monday in the junior market are, General Accident with 32,700 shares, the price rose 4 cents to end at $1.55, Lasco Financial Services with 7,600 units, closed at 90 cents, down 10 cents, Lasco Manufacturing had 24,447 units trading to close at 93 cents, after losing 2 cents, Medical Disposables with 75,500 shares, lost 4 cents to end at $1.92 and Paramount Trading had 35,161 units changing hands at $2.55, after dropping 15 cents.
Investors spend $15.7m on Republic’s shares
Trading on the Trinidad Stock Exchange on Monday, closed with Republic Bank accounting for $15.7 million worth of shares traded, but the stock price declined at the close. There were 14 securities changing hands on the first trading day of the week, 3 advanced in price, 5 declined and 6 traded firm, with a total of 665,955 units, valued at $19,599,985.
At the close of the market, the Composite Index declined by 0.47 points to close at 1,147.18, the All T&T Index fell 0.93 points to end at 1,963.40 and the Cross Listed Index remained unchanged at 43.38.
Gains| Stocks increasing in price at the close are, First Citizens Bank traded 1,665 shares and gained 4 cents to close at $36.80, One Caribbean Media increasing 13 cents to end the day at $25.25, in spite of a slight decline in earnings for the year to September of 3 percent to reach $57.8 million and 17.5 percent reduction in the September quarter to $18.4 million. Conversely, West Indian Tobacco gained 2 cents to land at $118.52, while 70 units traded. Profit before taxation for the nine months ended 30 September, climbed 13 percent to $436 million, over the corresponding period in 2013 and profit after tax for the nine months is $329 million, reflecting an increase of 16 percent over 2013. Profit after tax rose 9 percent in the September quarter over that of 2013 as revenues declined slightly.
Declines| The stocks declining at the end of trading are, Angostura Holdings with 2,210 shares, declined by 2 cents to close at $12.53, National Enterprises contributed 39,978 shares with a value of $699,615, closing down 4 cents at $17.50, a 52 weeks’ low, National Commercial Bank with 401,176 shares changing hands for a value of $401,152 to end down 2 cents to 98 cents, National Flour traded 3,000 shares to close with the loss of 4 cents to $1.10, Republic Bank with 130,000 shares traded for $15,743,000 lost 10 cents to end at $121.10
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA McAL added 18,349 shares valued at $1,213,786 and closed at $66.15, Clico Investment Fund with 60,618 shares valued at $1,340,545 to end at $22.11, Guardian Holdings traded 3,167 shares to close $13.50, Jamaica Money Market Brokers had 500 shares changing hands at 45 cents, Massy Holdings traded 22 shares to close at $68.55, Trinidad Cement with 3,200 shares ended at $2.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and only 1 stock with the offer that is lower.
Jamaican$ loses value against all on Friday
The Jamaican dollar lost value on Friday, against the British Pound, the US and Canadian dollars, as authorized dealers purchased the equivalent of US$35,558,566 versus US$30,974,409, on Thursday. The equivalent of US$33,852,780 was sold, compared with US$30,021,063 on Thursday.
In US dollar trading, dealers bought US$29,263,800 compared to US$27,235,385 on Thursday. The buying rate for the US dollar was up 3 cents to $112.26 and US$26,297,179 was sold versus US$27,684,459 on Thursday, the selling rate rose 2 cents to $112.68. The Canadian dollar buying rate, climbed $1.47 to $99.93 with dealers buying C$3,703,602 and selling C$5,296,001, at an average selling rate that rose 38 cents, to $101.05. The rate for buying the British Pound moved up 59 cents to $179.34, for the purchase of £1,792,631, while £1,687,902 was sold, at $181.04, up 48 cents. Other currencies bought, amounted to the equivalent of US$134,294, while the equivalent of US$94,382, was sold.
Highs & Lows| The highest buying rate for the US dollar, declined 75 cents, to $113.20, the lowest buying and the highest selling and the lowest selling rates, were unchanged at $91.85, $117.70 and $93.66 respectively. The highest buying rate for the Canadian dollar rose 30 cents to $100.80, the lowest buying rate fell 29 cents to $79.39, the highest selling rate dropped 44 cents to $102.36. The lowest selling rate was down $1.65 to $95.65. The highest buying rate for the British Pound, rose 90 cents to $181.50, the lowest buying rate declined 21 cents to $144.42, the highest selling rate fell $1.73 to $184.72 and the lowest selling rate dived $2.30 to $174.
