JSE close down again on Tuesday

Trading on the Main Market of the Jamaica Stock Exchange ended on with 22 securities changing hands versus 26 on Monday as 7 securities advanced, 7 declined and 8 traded firm.
At the close, the JSE All Jamaican Composite Index declined 1,062.41 points to 302,839.03 and the JSE Index fell 967.97 points to close at 275,920.61 as 2,992,590 units valued at $57,473,157 traded.
In main market activity, Barita Investments concluded trading 25 cents higher at $8, with 500 units, Berger Paints finished with a loss of $2.25 to $14.55, with 13,213 shares trading, Caribbean Cement ended trading with a loss of $1.50 to close at $30, with 3,700 stock units. Carreras traded at $10.99, with 33,604 units, Grace Kennedy closed at $43, with 132,200 shares, Jamaica Broilers ended with a loss of 99 cents at $17.01, with 1,896,189 stock units, Jamaica Stock Exchange finished at $6.90, with 32,935 shares. JMMB Group fell $1.50 to $25, with 514,862 shares, Kingston Wharves traded at $32.50, with 17,837 units, Mayberry Investments finished trading with a loss of 1 cent at $5, with 115,425 shares, NCB Financial Group closed $1.98 higher at $92.50, with 15,738 shares. 1834 Investments ended at $1.20, with 2,630 stock units, 138 Student Living closed at $6, with 1,833 shares, PanJam Investment concluded trading $1 higher at $42, with 1,992 units, Pulse Investments settled at $1.50, with 50,000 shares, Radio Jamaica ended trading 4 cents higher at $1.09, with 10,500 stock units, Sagicor Group traded $1.20 higher to $38, with 12,466 units. Sagicor Real Estate Fund finished trading with a loss of 20 cents at $14.30, with 200 shares, Scotia Group ended with a gain of $1.50 at $52.50, with 11,209 stock units, Seprod concluded trading with a loss of 50 cents at $29.50, with 20,800 units, Sterling Investments finished at $12, with 50,000 shares and Supreme Ventures settled 50 cents higher at $10.50, with 54,757 shares.
Prices of securities trading for the day are those at which the last trade took place.
For more details of market activities see report “Drop in JSE main market on Tuesday.”

Juniors slip back as 9 stocks fell – Tuesday

Trading on the Junior Market of the Jamaica Stock Exchange ended on Tuesday with 17 securities changing hands with the market Index falling 19.92 points to close at 2,705.15 as the prices of 2 securities advanced, 9 declined and 6 remained unchanged.
At the close resulting in an exchange of 1,241,227 units valued at $6,030,201 compared to 5,603,665 units valued at $19,432,637 on Monday from 22 securities.
At the close of market activities, the average security trading ended with 73,013 units for an average of $354,718 in contrast to 254,712 units for an average of $883,302 on Monday. The average volume and value for the month to date amounts to 129,298 units valued at $491,038 and previously 150,098 units valued at $541,417. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 1 stock ending with the bid higher than the last selling price and 3 with lower offers.
At the close of the market, Cargo Handlers ended trading at $10.85, with 13,888 stock units, Caribbean Cream finished with a loss of 20 cents at $5.30, with 17,294 shares, Caribbean Producers traded with a loss of 13 cents at $4.07, with 40,000 units, Consolidated Bakeries finished at $1.90, with 1,470 shares, C2W Music ended with a loss of 5 cents at 45 cents, with 41,650 stock units, Dolphin Cove finished trading 50 cents higher at $18, with 6,500 shares, Express Catering ended with a loss of 1 cent at $4, with 62,149 stock units, Iron Rock settled at $2.80, with 1,000 shares, Jamaican Teas traded with a loss of 20 cents at $3.70, with 9,400 units changing hands. Jetcon Corporation fell 20 cents to $4.30, with 44,600 shares, Key Insurance ended with a loss of 30 cents at $3.50, with 1,000 stock units, Lasco Distributors settled 5 cents higher at $4.40, with 16,400 shares, Lasco Financial ended trading with a loss of 10 cents at $4.90, with 779,068 stock units, Lasco Manufacturing traded at $3.50, with 2,000 units changing hands. Medical Disposables finished trading at $4.95, with 19,995 shares, Stationery and Office ended trading at $5, with 181,313 stock units and tTech finished trading with a loss of 50 cents at $5.50, with 3,500 shares.
Prices of securities trading for the day are those at which the last trade took place.

NCB Financial dominates TTSE – Tuesday

NCB Financial was the dominant trade on the TTSE.

Market activity on the Trinidad & Tobago Stock Exchange resulted in 13 securities changing hands compared to 12 on Monday with NCB Financial Group leading with the highest volume just under 1 million units with a value $5.9 million.
At the close, 4 stocks advanced, 3 declined and 6 remained unchanged as 1,117,124 shares traded at a value of $6,876,070 compared to Monday’s trades of 168,640 valued at $1,925,602.
The Composite Index declined by 2.25 points to 1,280.47, the All T&T Index dropped 1.19 points to 1,751.92 and the Cross Listed Index lost 0.45 points to close at 109.05.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 7 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| The securities that rose in trading are, First Citizens with a 1 cent gain and closed at $32.01 with 3,428 shares, NCB Financial Group ending at $6.03, gaining 3 cents in exchanging 978,658 shares valued at $5,901,308. Scotiabank closed at $60.01, after trading at $58 to close with a gain of 1 cent with just 98 units and Trinidad & Tobago NGL advancing to a new 52 weeks’ high of $25.05, after rising 4 cents with 600 units changing hands.
Losses| Securities declining at the close are, Grace Kennedy that slipped 10 cents, ending at $3 with trades of 27,036 shares, JMMB Group with a loss of 2 cents, closing at $1.98 with 2,429 shares and Massy Holdings losing 2 cents to close at $48.95 with 2,100 shares changing hands.
Firm Trades| The securities trading unchanged are, Angostura Holdings with 731 units closing at $15.05, Clico Investment holding at $20.80 with 14,369 shares valued at $301,675, after it traded as high as $21. First Caribbean International Bank traded 50 units at $9.30, National Enterprises closed at $9.75 with 2,206 shares trading, National Flour Mills exchanged 59,269 shares at $1.90 and Sagicor Financial closed at $7.95 with 26,150 shares changing hands.

Juniors rise as 8 stocks gained & 9 fell

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Trading on the Junior Market on Monday saw the Index advancing 36.34 points to close at 2,725.07 to break the losing streak of last week 22 securities changing hands resulting in the prices of 8 securities advanced, 9 declined and 5 remained unchanged.
Trading concluded with an exchange of 5,603,665 units valued at $19,432,637 compared to 1,300,855 units valued at $5,472,573 on Friday from 24 securities trading.
When trading ended the average security ended with 254,712 units for an average of $883,302 in contrast to 54,202 units for an average of $228,024 on Friday. The average volume and value for the month to date amounts to 150,098 units valued at $541,417. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
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.
At the close of the market, Access Financial closed with a jump of $6.30 to end at $40.30, with 2,000 shares trading, AMG Packaging fell 9 cents to $2.90, with 12,202 stock units, Blue Power concluded trading with a loss of 5 cents at $36.95, with 1,124 units, Caribbean Cream finished 1 cent higher at $5.50, with 11,500 shares, Caribbean Flavours settled at $11, with 22,805 shares, Caribbean Producers traded 14,000 units at $4.20. Consolidated Bakeries finished 10 cents higher at $1.90, with 7,000 shares, Express Catering ended 1 cent higher at $4.01, with 173,916 stock units, Eppley concluded trading at $10, with 1,600 units, General Accident finished 20 cents higher at $2.70, with 135,510 shares, Honey Bun settled with a loss of 5 cents at $3.85, with 1,000 shares. Jamaican Teas traded 10 cents higher at $3.90, with 20,000 units, Jetcon Corporation finished trading 15 cents higher at $4.50, with 21,500 shares, Key Insurance ended with a loss of 19 cents at $3.80, with 1,052,631 stock units, Lasco Distributors settled with a loss of 5 cents at $4.35, with 161,720 shares, Lasco Financial ended trading with a loss of 15 cents at $5, with 280,086 stock units, Lasco Manufacturing traded at $3.50, with 76,003 units, Medical Disposables finished trading with a loss of 10 cents at $4.95, with 1,722 shares. Paramount Trading concluded trading at $3.09, with 3,550,825 units, Stationery and Office ended trading with a loss of 5 cents at $5, with 41,723 stock units and tTech finished trading with a loss of $1 at $6, with 5,000 shares. In the junior market preference segment, Derrimon Trading preference shares ended with 9,798 units changing hands with a gain of 15 cent at $2.15.
Prices of securities trading for the day are those at which the last trade took place.

Unilever hits new yearly low

Unilever shares set for huge fall going forawrd.

Unilever Caribbean hit a new low of $34 in trading on the Trinidad & Tobago Stock Exchange on Monday as the market closed with 12 securities changing hands compared to 14 on Friday with advancing stocks edging out decliners.
At the close, 4 stocks advanced, 3 declined and 5 held firm as 168,640 shares traded at a value of $1,925,602 compared to Friday’s trades of 189,047 valued at $3,309,055.
The Composite Index gained 0.46 points to 1,282.72, the All T&T Index advanced 2.17 points to 1,753.11 and the Cross Listed Index was down 0.17 points to close at 109.50.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| At the close of trading the prices National Flour Mills gained 5 cents to close at $1.90, with an exchange of 25,875 shares, Republic Financial Holdings advanced by 50 cents, ending at $102 after trading 48 units, but the stock was offered at just $100.99 at the close, Sagicor Financial closed at $7.95, gaining 8 cents with 21,183 shares trading and Trinidad & Tobago NGL added 1 cent to settle at a 52 weeks’ high of $25.01 with 4,423 shares.
Losses| Securities with prices falling are Clico Investment that dropped 20 cents, closing at $20.80 with trades of 3,010 shares, JMMB Group closed with a loss of 6 cents, at $2 in exchanging 68,255 shares and Unilever Caribbean dropped 95 cents to a 52 weeks’ low of $34 trading just 90 units.
Firm Trades| At the close of trading Angostura Holdings ended with 700 units, closed at $15.05, Guardian Holdings held firm at $16.55 trading 12,800 shares, Massy Holdings remained at $49 with 20,000 shares valued at $980,000 changing hands, National Enterprises closed at $9.75 exchanging 10,937 shares and Scotiabank swapping 1,319 shares at $60.

More recovery for JSE main market

The Main Market of the Jamaica Stock Exchange,  All Jamaican Composite Index advanced by 1,541.93 points to close at 303,901.44 and the JSE Index advanced by 1,404.87 points to close at 276,888.58 even as advancing stocks outnumbered decliners.
Trading on the Main Market of the Jamaica Stock Exchange ended on Monday with 26 securities changing hands, 5 advanced, 11 declined and 10 traded firm with 5,044,996 units valued at $75,889,380 compared to 2,765,894 units valued at $114,523,797 on Friday.
Trading ended with an average of 194,038 units for an average of $2,918,822 in contrast to 145,573 units for an average of $6,027,568 on Friday. The average volume and value for the month to date amounts to 173,575 units valued at $4,231,403. In contrast, November closed with average of 349,084 units at an average of $5,801,440 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 4 stocks ended with bids higher than their last selling prices and 1 with a lower offer.
Proven Investments US ordinary share was the sole trade in the US dollar market with 410 units changing hands in closing unchanged at 23 US cents, leading to the index falling 4.67 to 169.99.
The major movers at the close are Jamaica Producers with a fall of $1.10, following a decline of $1.12 on Friday, followed by a fall of $1.49 in the price of NCB Financial, while Supreme Ventures dropped $1 in trading 1.2 million shares, behind Jamaica Broilers trading 1.48 million units.

For more details of market activities see report, JSE up with minority of stocks rising.

JSE up with minority of stocks rising

Trading on the Main Market of the Jamaica Stock Exchange ended on Monday with 26 securities changing hands, of which 5 advanced, 11 declined and 10 traded firm, resulting in 5,044,996 units valued at $75,889,380 changing hands.
The JSE All Jamaican Composite Index advanced by 1,541.93 points to 303,901.44 and the JSE Index advanced by 1,404.87 points to close at 276,888.58.
In main market activity, Barita Investments concluded trading with a loss of 25 cents at $7.75, with 250,300 units traded, Berger Paints finished with a loss of 20 cents at $16.80, with 3,664 shares, Cable & Wireless settled 3 cents higher at 99 cents, with 88,985 shares. Caribbean Cement ended trading with a loss of 25 cents at $31.50, with 9,345 stock units, Carreras traded 9 cents higher at $10.99, with 7,210 units, Ciboney Group finished trading at 35 cents, with 198,773 shares, Grace Kennedy closed at $43, with 6,162 shares. Jamaica Broilers ended 50 cents higher at $18, with 1,478,292 stock units changing hands, Jamaica Producers concluded trading with a loss of $1.10 cents following Friday’s fall of $1.12 to close at $14, with 3,552 units, Jamaica Stock Exchange finished 10 cents higher at $6.90, with 2,920 shares, JMMB Group settled at $26.50, with 15,805 shares trading. Kingston Wharves traded at $32.50, with 500 units, Mayberry Investments finished trading at $5.01, with 117,300 shares, NCB Financial Group closed with a loss of $1.49 at $90.52, with 93,264 shares, 1834 Investments ended with a loss of 1 cent at $1.20, with 100,000 stock units, 138 Student Living closed at $6, with 6,100 shares, PanJam Investment concluded trading with a loss of 50 cents at $41, with 7,500 units. Portland JSX finished with a loss of 45 cents at $8.50, with 25,669 shares, Pulse Investments settled with a loss of 28 cents at $1.50, with 8,753 shares, Radio Jamaica ended trading with a loss of 3 cents at $1.05, with 866,047 stock units, Sagicor Group traded 30 cents higher at $36.80, with 16,886 units. Sagicor Real Estate Fund finished trading at $14.50, with 1,500 shares, Scotia Group ended at $51, with 404,829 stock units, Seprod concluded trading at $30, with 4,865 units, Sterling Investments finished at $12, with 124,000 shares and Supreme Ventures settled with a loss of $1 at $10, with 1,202,775 shares.
Prices of securities trading for the day are those at which the last trade took place.
For more details of market activities see report “More recovery for JSE main market.”

VM Investments IPO December 11

VM Investment parent of VM Wealth Management planning to list.

The Initial Public Offer of shares in VM Investments Limited the immediate parent company of VM Wealth Management (VMWM) will open on Monday December 11 and is priced at $2.45 per share.
The annual report of Victoria Building Society stated that 2016 turned out to be another record breaking year for VM Wealth Management, as net profits after taxes of $326 million surpassed the previous record of $310 million in 2015. VMWM’s total operating revenue was $808 million, virtually the same as in the previous year. Revenues comprised mainly of Net Interest Income of $248 million, gain from investment activities of $279 million and net fees and commissions of $280 million. Third party assets under management increased by $4.4 billion or 55 percent, from $8 billion in 2015 to $12.4 billion in 2016. This was due mainly to increased promotion and the introduction of our new unit trust product with 6 new portfolios – three US$ bond portfolios, one J$ bond portfolio, one local equities portfolio and a real estate portfolio.
DEVON BARRETT, MBA, is the Group Chief Investment Officer & Chief Executive Officer, Victoria Mutual Wealth Management.
The VM Investments issue is adding to a very busy December, for IPOs and this is likely to be followed January with another busy slate of Initial Public Offerings. Planned issues by Mayberry Investments that were expected in December, may be put off until January, IC Insider.com has been informed. Sygnus Capital Investments is the other that could be listed in January.

NCB climbs $1.96 to help JSE rise

NCB Financial Group jumped $1.96 to help push the JSE up on Friday.

The JSE All Jamaican Composite Index advanced by 309.14 points to close at 302,359.51 and the JSE Index advanced by 281.66 points to close at 275,483.71. The market closed with 2,765,894 units trading valued at $114,523,797 as 19 securities changing hands, 4 advanced, 8 declined and 7 traded firm.
A rise of $1.96 in the price of NCB Financial is the main reason behind the rise on Friday.
In main market activity, Barita Investments concluded trading at $8, with 500 units, Berger Paints finished 80 cents higher at $17, with 85,586 shares, Cable & Wireless settled with a loss of 2 cents at 96 cents, with 222,509 shares, Caribbean Cement ended trading with a loss of 25 cents at $31.75, with 65,067 stock units, Carreras lost 9 cents to end at $10.90, with 8,200 units. Ciboney Group finished trading with a loss of 15 cents at 35 cents, with 54,318 shares trading, Grace Kennedy closed at $43, with 4,500 shares, Jamaica Broilers ended at $17.50, with 5,614 stock units, Jamaica Producers concluded trading with a loss of $1.12 to $15.10, with 5,050 units. Jamaica Stock Exchange finished at $6.80, with 100 shares, JMMB Group settled with a loss of 50 cents at $26.50, with 46,461 shares, Kingston Wharves traded at $32.50, with 200 units, NCB Financial Group closed $1.96 higher at $92.01, with 445,090 shares. PanJam Investment concluded trading with a loss of 25 cents at $41.50, with 44,988 units, Radio Jamaica ended trading at $1.08, with 18,000 stock units, Sagicor Group traded 50 cents higher at $36.50, with 1,530,650 units, Sagicor Real Estate Fund finished trading at $14.50, with 7,129 shares. Scotia Group ended with a loss of 2 cents at $51, with 209,940 stock units and Supreme Ventures settled 70 cents higher at $11, with 11,992 shares.
Prices of securities trading for the day are those at which the last trade took place.

Modest recovery for JSE main market

The Main Market of the Jamaica Stock Exchange broke the losing streak on Friday, with the market indices rising, but with a negative advance decline ratio. At the close 19 securities changing hands, 4 advanced, 8 declined and 7 traded firm.
The JSE All Jamaican Composite Index advanced by 309.14 points to close at 302,359.51 and the JSE Index advanced by 281.66 points to close at 275,483.71. The market closed with 2,765,894 units trading valued at $114,523,797 compared to 5,195,513 units valued at $74,800,685 on Thursday.
Trading ended with an average of 145,573 units for an average of $6,027,568 in contrast to 207,821 units for an average of $2,992,027 on Thursday. In contrast, November closed with average of 349,084 units at an average of $5,801,440 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 4 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Proven Investments US ordinary share traded 2,000 units and lost 1 cent in closing at 23 US cents. In the US market preference segment, JMMB Group ended trading with a rise of 3 cents to end at US$1.15, with 790 stock units.
The major movers at the close are Jamaica Producers with a fall of $1.12, flowed by a jump of $1.96 in NCB Financial share price, while Supreme Ventures rose 70 cents and Sagicor Group traded 1,530,650 shares, well ahead of the rest of the market.