Emerging markets — Page 366

Gains for Trinidad stocks

February 5, 2021 by IC Insider.com

More stocks rose than declined at the close of trading on the Trinidad and Tobago Stock Exchange on Friday, with the market rising after investors traded 12 percent fewer shares than Thursday.
Trading ended with 18 securities changing hands compared to 19 on Thursday, with the prices of seven stocks rising, six declining and five remained unchanged. The Composite Index gained 2.88 points to settle at 1,324.30, the All T&T Index rose 5.74 points to 1,769.55 and the Cross Listed Index closed unchanged at 118.86.
The market closed with 299,063 shares traded for $3,677,134 down from 339,343 units at $14,183,612 on Thursday.
An average of 16,615 units traded for the day at $204,285 compared to 17,860 at $746,506 on Thursday. An average of 14,646 units traded at $372,746 for the month to date versus 14,154 units at $414,861. The average trade for January amounted to 13,836 units at $275,635.
The Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and two with lower offers.
At the close, Agostini’s carved out a gain of $1.90 to end at $23.75 with the swapping of 3,085 units, Ansa Mcal closed at $54.90 while exchanging 110 units, Ansa Merchant Bank rose $1 to $40 in an exchange of 32 stocks, Clico Investment Fund gained 10 cents to end at $25.50 in exchanging 8,995 units. First Citizens Bank shed 3 cents to close at $42.70, with 1,579 shares crossing the market, FirstCaribbean International Bank settled at $7 after 7,500 stocks crossed the exchange, Grace Kennedy fell 1 cent to $3.90 with 73,324 units changing hands. Guardian Holdings rose 10 cents to $20.40 trading 100 stock units, JMMB Group remained at $1.90 in switching ownership of 25,411 shares, Massy Holdings declined 50 cents to close at $60.50 with an exchange of 2,665 stock units. NCB Financial Group rose 5 cents to $8.30 with the swapping of 150,654 stock units, Prestige Holdings rose 49 cents to $7.50 with 500 stock units trading, Republic Financial Holdings gained 1 cent to end at $134.99, with 9,202 units crossing the market. Scotiabank dropped 25 cents to $56.74, with 1,246 stocks changing hands, Trinidad & Tobago NGL dropped 95 cents to $15 in switching ownership of 7,639 stock units, Trinidad Cement remained at $3.75 in trading 3,804 shares. Unilever Caribbean stayed at $16.50 in switching ownership of 3,000 stock units and West Indian Tobacco declined 5 cents in closing at $35 after exchanging 217 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Stock Market, TTSE Market Tagged With: Agostini's, Ansa Mcal, Ansa Merchant Bank, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, NCB Financial Group, One Caribbean Media, Prestige Holdings, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, Trinidad Cement, TTSE, Unilever Caribbean, West Indian Tobacco

Some sunshine for NCB

February 5, 2021 by IC Insider.com

NCB Financial had some good news to report to investors, but story it is not all sunshine. Net operating income reached $33.78 billion slightly up from $33.3 billion generated for the 2020 fiscal year first quarter, but nearly 25 percent above the September 2020 quarter.
The group could not translate the relatively good news on the revenue front into a positive development in net profit. The group saw a drop in profit attributable to shareholders falling 34 percent to $3.9 billion from $5.9 billion in December 2019 quarter and down from $4.3 billion in September quarter. The fall in profits is directly related to a jump in staff cost of $1.7 billion to $12.3 billion and increased tax on profit.
Loans net of provision for losses crawled by 5 percent to $461 billion from $438 billion at the end of December, in both years and from $453 billion at the end of September 2020. The growth is well down on the double-digit increase that was taking place in prior years, with the March 2020 report showing a 12 percent increase over the previous year. Investment securities rose from $784 billion at the end of 2019 to $855 billion.
Total comprehensive income rose by $7.3 billion to end at $13 billion, up from $6.8 billion in the December 2019 quarter.
The group’s various segment had mixed results. Consumer Banking segment recorded flat operating revenues of $6 billion but suffered a greater loss than in 2019 of $629 million versus $329 million. Payment Services delivered segment profit of $660 million down from $1,096 billion in 2019, from operating revenues that slipped from $2.9 billion to $2.6 billion. Corporate and Commercial banking operating revenues rose to $2.45 billion from $2.26 billion with profit declining modestly from $1.3 billion to $1.23 billion while Treasury and Correspondent Banking suffered a reduction in operating revenues to $2.55 billion from $2.67 billion but enjoyed a bounce in profit from $1.66 billion to $1.77 billion.

NCB Financial Montego Bay branch

Wealth, Asset Management and Investment Banking delivered a 21 percent rise in operating revenues to $5.14 billion from $4.23 billion and contributed a 36 percent jump in profit to $3.6 billion from $2.67 billion. Life and Health Insurance and Pension Fund Management had operating revenues of $11.97 billion down from $12.27 billion but enjoyed a slight pickup in profit from $5.9 billion to $6.3 billion. Operating revenues jumped 26.6 percent in the General Insurance segment to $5.35 billion with profit rising 45 percent to $2.2 billion.
Earnings per share amounted $1.66 down from $2.46 at the end of the December 2019 quarter and $1.82 for the September quarter. The latest quarter contains the full cost of asset tax. At the same time, September does not, in addition there was a tax credit of $1.1 billion for the September quarter and a tax charge of $2.3 billion for the 2020 December quarter and June 2020 coming in at $6.7 billion.
For profit to grow meaningfully, the group needs to be generating double-digit increases in the loan portfolio while maintaining loan losses to acceptable levels. In the 2020 fiscal year, the group incurred a major increase in provision for loan losses. The latest results show this line item to have returned to more normal levels with a provision of $1.17 billion versus $1.57 billion in December 2019 and $4.6 in the September quarter. Other operating cost which came in at $10.5 billion appears to reflect a much higher cost than for the other quarters. In March 2020 the cost was $5.6 billion compared to $$10.6 in December 2019.
The stock is listed on the Jamaica Stock Exchange, with the price now trading around $136.

Filed Under: Company News, Company Results, Feature Stories Tagged With: Emerging markets, Jamaica Stock Exchange, Jamaican stocks, NCB Financial Group

Gains for JSE Main Market

February 4, 2021 by IC Insider.com

Rising stocks outnumbered declining ones almost two to one on a day of subdued trading on the Main Market of the Jamaica Stock Exchange ended trading on Thursday with the market rising after an exchange of 26 percent more shares but at 14 percent lower value than on Wednesday.
At the close, the All Jamaican Composite Index advanced by 1,444.54 points to 427,013.70, the Main Index rose 1,182.10 points to 389,430.69, and the JSE Financial Index gained 0.45 points to settle at 99.24.
Trading ended with 44 securities changing hands, down from 47 on Wednesday and closed with 21 rising, 12 declining and 11 remaining unchanged. The PE Ratio averaged 16.6 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with trading of 12,425,485 shares for $61,762,267 compared to 9,831,136 units at $72,026,838 on Wednesday. QWI Investments led trading with 27.8 percent of total volume, after an exchange of 3.46 million shares with the stock trading at a 52 weeks’ high of $1.02, followed by Wigton Windfarm with 27.2 percent for 3.38 million units and Pulse Investments with 22.7 percent of the day’s trade for 2.82 million units.
Trading for the day averaged 282,397 units at $1,403,688, compared to 209,173 shares at $1,532,486 on Wednesday. The month to date averaged 445,935 units at $2,598,567, down from 498,459 units at $2,982,324 on Wednesday. Trading in January closed with an average of 311,275 units at $1,432,133.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments fell $1.02 to $80.98 trading 126,472 shares, Eppley Caribbean Property Fund declined by $3.80 to $43, with 1,000 stocks crossing the market, First Rock Capital rose 54 cents to $13.75, with 52,061 stock units changing hands. Jamaica Broilers climbed $3.20 to $29.20 in exchanging 47,488 shares, JMMB Group gained 50 cents in closing at $32.50 trading 34,987 stock units, Kingston Properties lost 25 cents to settle at $7, with 6,600 shares crossing the market. Kingston Wharves finished 50 cents higher at $47, with an exchange of 3,643 stock units, Margaritaville rose 43 cents to $43.42, with a transfer of just 8 stock units, NCB Financial Group gained 50 cents to end at $137.50, with 21,786 units clearing the market. Palace Amusement advanced $250 to $1,100, with a transfer of 50 stock units, Pan Jam Investment closed $2.30 higher at $66.30, after 4,779 shares crossed the market, Sagicor Group climbed $3 to $52, with investors switching ownership of 84,688 stock units. Salada Foods closed at a 52 weeks’ high of $46, with a gain of $3.25 in exchanging 23,970 stocks, Scotia Group shed 70 cents in closing at $43, with 23,045 shares crossing the market, Seprod dropped $2.50 to finish at $71, with an exchange of 11,519 stock units. Sygnus Credit Investments shed 77 cents to close at $14.75, in switching ownership of 217,838 shares and Victoria Mutual Investments gained 40 cents to close at $5.85, after transferring 2,355 stock units.
In the preference segment, Eppley 8.75% preference share shed 51 cents in closing at $6.59, after 1,719 stock units cleared the market.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Huge jump in Junior Market trading

February 4, 2021 by IC Insider.com

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The volume of stocks surged on Thursday on the Junior Market of the Jamaica Stock Exchange, with volume climbing 321 percent higher than on Wednesday pushing the value up 338 percent as five securities traded over one million units.
Trading ended with 23,334,216 shares for $62,643,592 changing hands up from 5,538,712 units at $14,281,993 on Wednesday. Limners and Bards led trading with 46.2 percent of total volume after investors swapped 10.79 million shares, followed by Lumber Depot with 10.3 percent for 2.4 million units. Fosrich accounted for 8.8 percent of market share, with 2.06 million units for 8.8 percent market share, Caribbean Flavours with 8.6 percent for 2.01 million units, Mailpac Group with 8.1 percent for 1.89 million units and Derrimon Trading with 7.1 percent of the day’s trade for 1.65 million units.
Trading ended with 34 securities changing hands, down from 39 on Wednesday and closed with the prices of 16 stocks rising, 12 declining and six remaining unchanged.
At the close, the Junior Market Index climbed 11.77 points to settle at 2,776.72 having gained five percent for the year to date. The average PE Ratio ended at 14.2 based on ICInsider.com forecast of 2020-21 earnings.
Trading averaged 686,300 units at $1,842,459 in contrast to 142,018 at $366,205 on Wednesday. Month to date trading averaged 338,928 units at $877,812, compared to an average of 230,573 units at $576,913 on Wednesday. January closed with an average of 232,651 units at $569,885.
Investor’s Choice bid-offer indicator reading shows four stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Blue Power rose 30 cents to close at $3.05, after exchanging 6,266 shares, Cargo Handlers gained 7 cents to end at $8, in swapping 100 stock units. Caribbean Cream picked up 54 cents to close at $5.09, with a transfer of 102,892 shares, Consolidated Bakeries lost 9 cents in closing at $1.41, after 85,106 stock units cleared the market, Dolphin Cove gained 45 cents in closing at $7.95, in exchanging just 4 stocks. Elite Diagnostic gained 20 cents to finish at $2.95, with 600 stock units crossing the market 600, Fosrich shed 25 cents to close at $4.15, with the swapping of 2,063,742 shares, General Accident slipped 22 cents to $5.93 trading 18,654 units, Honey Bun gained 38 cents to close at $5.88 in exchanging 2,539 stocks. Indies Pharma picked up 9 cents to close at $2.89, with 96,904 units crossing the market, Jamaican Teas lost 11 cents to end at $2.69, with 910,980 shares changing hands. Knutsford Express dipped 45 cents to $6.30 trading 1,765 units, Lasco Distributors fell 10 cents to $3.25, in an exchange of 5,001 stocks, Lasco Manufacturing rose 32 cents to $4.20, after 279,289 stock units crossed the market. Limners and Bards slipped 15 cents to end at $2.55, with 10,790,026 stocks changing hands, Main Event settled at $3.49, with gains of 19 cents trading 59,352 shares, Medical Disposables finished 21 cents higher at $4.20 in exchanging 100 stocks and tTech gained 29 cents to close at $4.85, with investors swapping 10,005 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Trading Activity, tTech

Trading dropped on the JSE USD market

February 4, 2021 by IC Insider.com

Market activity dropped with 73 percent fewer shares trading on Thursday than on Wednesday as just three securities changed hands, compared to six on Wednesday on the Jamaica Stock Exchange US dollar market.
Trading ended with one stock rising, none declining and two remaining unchanged.
JSE USD Equity Index gained 1.06 points to end at 199.00. The average PE Ratio is at 13.5 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 276,431 shares, for US$54,975 compared to 1,020,891 units at US$126,246 on Wednesday.
Trading averaged 92,144 units changing hands at US$18,325, in contrast to 170,149 shares at US$21,041 on Wednesday. Trading averaged 100,798 units for the month to date at US$12,197 in contrast to 102,325 units at US$11,115 on Wednesday. By comparison, January ended with an average of 121,154 units for US$15,408.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close, Proven Investments closed at 26 US cents after exchanging 148,792 shares, Sygnus Credit Investments settled at 15 US cents trading after 105,434 shares and Transjamaican Highway advanced 0.08 of a cent to close at 0.98 US cents, with the ownership of 22,205 shares switching.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: Daily Trading, Emerging markets, First Rock Capital, Jamaica Stock Exchange, Jamaican stocks, JSE US dollar market, Proven Investments, Sygnus Credit Investments, Trading Activity, Transjamaican Highway

Trading picks up on TTSE

February 4, 2021 by IC Insider.com

Trading picked up on Thursday with 19 securities changing hands on the Trinidad and Tobago Stock Exchange, up from 17 on Wednesday and ended with an exchange of 339,343 shares, compared to 209,324 shares on Wednesday with the funds flowing into the market jumping 224 percent to $14,183,508 versus $4,377,572 on Wednesday.

Trinidad & Tobago Stock Exchange Head Quarters

Trading ended with five stocks rising, seven declining and seven remaining unchanged. The Composite Index declined 0.61 points to 1,321.42, the All T&T Index shed 1.21 points to close at 1,763.81 and the Cross Listed Index remained unchanged at 118.86 points.
The average trade was 17,860 units traded at $746,500 up from 12,313 at $257,518 on Wednesday. An average of 14,154 units traded at $414,861 for the month to date compared to 12,825 units at $295,969. The average trade for January amounted to 13,836 units at $275,635.
The Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of trading, Agostini’s fell 15 cents to $21.85 in an exchange of 435 stocks, Angostura Holdings fell 3 cents to $15.45 with the swapping of 47,846 shares, Ansa Mcal fell 5 cents to $54.90 in exchanging 50,940 units, Clico Investment Fund stayed at $25.40 with 5,000 units changing hands. First Citizens Bank carved out a loss of 11 cents in closing at $42.73 after exchanging 2,000 units, Grace Kennedy remained at $3.91 in exchanging 155 stock units, Guardian Holdings declined 10 cents to $20.30 trading 50,118 stock units. Guardian Media rose 15 cents to $3.25, with 1,000 stock units changing hands, JMMB Group ended at $1.90 after 36,000 stock units crossed the market, L.J Williams B share shed 10 cents in closing at $1.30 with an exchange of 5,000 stock units. Massy Holdings gained 99 cents in ending at $61 after the exchanging of 13,955 units, National Flour Mills gained 14 cents in closing at $2.50 while exchanging 108 stock units, NCB Financial Group closed at $8.25, after trading 7,700 shares. One Caribbean Media closed at $4.85 with an exchange of 12,000 units, Republic Financial Holdings lost $1.02 and closed at $134.98 with 48,000 stocks units changing hands, Trinidad & Tobago NGL gained 1 cent to close at $15.95 in an exchange of 8,459 units. Trinidad Cement ended at $3.75 with 537 units crossing the market, Unilever Caribbean ended at $16.50 in trading 90 shares and West Indian Tobacco increased 3 cents to close at $35.05, with 50,000 stock units changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Stock Market, TTSE Market Tagged With: Agostini's, Angostura Holdings, Ansa Mcal, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, LJ Williams, Massy Holdings, National Flour, NCB Financial Group, One Caribbean Media, Republic Financial Holdings, Trading Activity, Trinidad & Tobago NGL, Trinidad Cement, TTSE, Unilever Caribbean, West Indian Tobacco

Investors gobble up new issues

February 4, 2021 by IC Insider.com

The Jamaican economic and financial environment has undergone much change over the past five decades or so. Since the early 1970s, the country lost its way and endured years of negative economic and in cases social development.
The evidence can be seen in an exchange rate that was US$1.10 to the Jamaican dollar to nearly $150 to one US dollar now. Interest rates rose from 5.5 percent in 1970 for governments Local Registered Stock, by the dark years in 1990s rates on government paper were as high as 52 percent in 1994. The average Treasury bill rates, between 1992 and 1994 was 39.5 percent. That was the challenge that the banks and businesses face in that period that led to the collapse of the businesses and the destruction of the financial sector.
The above set the stage for the state of the capital market in Jamaica now. In 1986, National Commercial Bank as it was then named went to the market, with the issue pulling in $249 million or US$45 million and attracted over 30,000 shareholders in a heavily oversubscribed issue. The total amount attracted seems to be the largest public issue ever in the local market.
That was then, now interest rates have hit levels that are the lowest on record, with Treasury bill rates now less than one percent and there are now more than 200,000 investors owning shares compared to around 40,000 after the NCB issue, making for a larger pool of investors to draw on to take up new issues.
Three companies went to the market to raise funds in January and all were successful with the latest Derrimon Trading Company invitation for subscription of 1,498,698,931 Ordinary Shares with the option to upsize was oversubscribed with taking up an additional 301,301,069 shares. The company will issue 1.8 million Shares and take in J$4.08 billion in gross proceeds.
The allocation of the issue will result in existing shareholders and Derrimon team members receiving 51.63 percent of their application. Key Investors will get all of their applications, Lead Broker’s Clients 83.72 percent and Non-Reserved Share Applicants (General Public) 39.15 percent.
Proven Investments upsized of the Additional Public Offer (APO) of ordinary shares to a maximum of 134,124,037 units with applications totalling 154,231,234 shares, for an oversubscription of US$4.3 million. Proven states that 4,148 applications were received, totalling just over US$34.5 million.
Applicants in General Pool and existing shareholders applicants in the pool will receive a full allotment, but Key Investors Applicants in this pool will receive 70.75 of the subscription amount.
Sygnus Credit Investments APO of ordinary shares was upsized to 240,887,900 Shares, reflecting a 54 percent upsize to the maximum allowed. The issue pulled around US31 million for the company.

Filed Under: Initial Public Offers Tagged With: Derrimon Trading Company, Emerging markets, Jamaica Stock Exchange, National Commercial Bank, NCB Financial Group, Proven Investments, Sygnus Credit Investments

JSE Main Market falters

February 3, 2021 by IC Insider.com

The Jamaica Stock Exchange Main Market ended trading on Wednesday with the market declining after more stocks fell than rose as investors exchanged 51 percent fewer shares than on Tuesday.
At the close, the All Jamaican Composite Index fell by 1,979.75 points to 425,569.16, the Main Index dropped 1,835.84 points to 388,248.59 and the JSE Financial Index dipped 0.54 points to 98.79.
Trading ended with 47 active securities, up from 45 on Tuesday and closed with prices of 16 stocks rising, 18 declining and 13 closing unchanged. The PE Ratio closed with an average of 16.7 based on ICInsider.com forecast of 2020-21 earnings.
The market closed with trading of 9,831,136 shares for $72,026,838 compared to 19,931,036 units at $67,469,926 on Tuesday. Wigton Windfarm led trading with 22 percent of total volume, after exchanging 2.16 million shares followed by Pulse Investments with 18.9 percent for 1.86 million units. QWI Investments ended with 14.7 percent for 1.45 million units after trading at an intraday 52 weeks’ high of 99 cents and Transjamaican Highway with 11.8 percent of the day’s trade for 1.16 million units.
Trading for the day averaged 209,173 units at $1,532,486, compared to 442,912 shares at $1,499,332 on Tuesday. The month to date averaged 498,459 units at $2,982,324 or each security, in contrast to 649,530 units at $3,739,461 on the prior trading day. Trading in January averaged 311,275 units at $1,432, 133.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Eppley shed 63 cents to end at $22.12, in exchanging 1,337 shares, First Rock Capital gained 51 cents to close at $13.21, with 24,949 units crossing the exchange, Grace Kennedy slipped 31 cents to $74.60 trading 116,636 shares, having traded at an intraday 52 weeks’ high of $77.47. Jamaica Broilers fell by $4 to $26, with 892,635 stock units changing hands, Jamaica Producers gained 40 cents to close at $20, with 1,285 stocks crossing the market, Jamaica Stock Exchange advanced by $1.80 to $19, in switching ownership of 22,367 stock units. JMMB Group fell $1.60 to $32, with an exchange of 116,860 units, Kingston Wharves rose $1.20 to $46.50, in trading 3,234 shares, Mayberry Jamaican Equities advanced by $1.08 to $7.50, in exchanging 72,000 stock units. MPC Caribbean Clean Energy finished $8 lower at $137 trading 12 shares, NCB Financial Group rose $1 to $137, with 7,146 shares changing hands, Palace Amusement dropped $200 to end at 52 weeks’ low of $850, after an exchange of 24 shares. Pan Jam Investment fell by $1 to $64, in switching ownership of 821 units, Pulse Investments lost 28 cents at $4.70, with an exchange of 1,857,207 stock units, Sagicor Group declined by $3 to $49, with 61,577 shares crossing the market. Sagicor Real Estate Fund gained 25 cents to close at $8.25, with a transfer of 3,826 stocks. Salada Foods advanced by $5.75 to end at a 52 weeks’ high of $42.75, in switching ownership of 17,465 units. Seprod climbed $2.98 to $73.50, with an exchange of 9,932 units, Stanley Motta gained 29 cents to end at $5.35 trading 1,000 shares and Wisynco Group rose 30 cents to $16.55, with the swapping of 521,881 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Gains for Junior Market

February 3, 2021 by IC Insider.com

Early morning trading sent the Jamaica Stock Exchange Junior Market index racing to 2,800.39 points, but the market pulled back to close above Tuesday’s close at the end of market activity on Wednesday with the trading of 64 percent fewer shares than on Tuesday.
Trading ended with 39 securities, up from 34 on Tuesday and closed with 11 rising, 18 declining and 10 remaining unchanged.
At the close, the Junior Market Index gained 19.94 points to settle at 2,764.95. The average PE Ratio ended at 14.2 based on ICInsider.com’s forecast of 2020-21 earnings.
A total of 5,538,712 shares traded for $14,281,993 well down from 15,516,613 units at $36,243,327 on Tuesday.
Jamaican Teas controlled 30.9 percent of total volume with an exchange of 1.71 million shares, followed by Lumber Depot with 12.9 percent for 715,010 units and Mailpac Group with 10.3 percent market share with an exchange of 569,898.
Trading averaged 142,018 units at $366,205 down from 456,371 at $1,065,980 on Tuesday. Month to date trading averaged 230,573 units at $576,913, versus 279,911 units at $694,307 on Tuesday. January closed with an average of 232,651 units at $569,885.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Blue Power fell 8 cents to $2.75 with 30,353 shares changing hands, Cargo Handlers jumped $1.33 to $7.93 with 2,000 units traded, Caribbean Cream dipped 49 cents to $4.55 trading 4,880 stocks. Caribbean Producers declined 20 cents to $2.60 with an exchange of 23,850 shares, Elite Diagnostic lost 20 cents to close at $2.75 with 25,300 units changing hands. Express Catering dropped 24 cents to $3.50 with a transfer of 46,111 shares, Fosrich lost 10 cents to finish at $4.40 with the trading of 12,514 stocks, General Accident advanced 15 cents to $6.15 with 400 stock units changing hands, Honey Bun fell 35 cents to $5.50 with 55,967 units passing through the market. Jamaican Teas exchanged 1,712,909 stock units and lost 19 cents to close at $2.80, Knutsford Express jumped 45 cents to $6.75 with 843 units changing hands, Lasco Distributors lost 4 cents to close at $3.35 with 300 stock units traded. Lasco Financial fell 10 cents to $2.60 in trading 375,036 shares, Lasco Manufacturing gained 17 cents to $3.88 with 93,150 units passing through the market. Main Event climbed 18 cents to $3.30 with a transfer of 171,000 units, Medical Disposables dropped 21 cents to $3.99 with 25,194 stocks passing through the market and tTech advanced 16 cents to $4.56 with 5,377 units changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Trading dips on T&TSE Wednesday

February 3, 2021 by IC Insider.com

Rising stocks were just edged out by declining ones, at the close of trading on the Trinidad and Tobago Stock Exchange on Wednesday, with the market declining moderately after 36 percent fewer shares were than on Tuesday, with a 53 percent fall in value.
Trading ended with 17 securities changing hands, down from 19 on Tuesday, with five stocks rising, six declining and six remaining unchanged. The Composite Index lost 1.68 points to settle at 1,322.03, the All T&T Index dropped 0.81 points to settle at 1,765.02, and the Cross Listed Index shed 1.73 points to settle at 93.59.
The market closed with 209,324 shares trading at $4,377,572, down from 325,815 units at $9,321,811 on Tuesday.
An average of 12,313 units traded at $257,518 compared to 17,148 at $490,608 on Tuesday. An average of 12,825 units traded at $295,969 for the month to date versus 13,067 units at $314,127. The average trade for January is 13,836 units at $275,635.
The Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and one with a lower offer.
With the close of trading, Agostini’s ended at $22 with an exchange of 454 shares, Ansa Mcal fell 5 cents to $54.95 trading 60 stock units, First Citizens Bank climbed 10 cents in closing at $42.84 in exchanging 6,774 stocks. FirstCaribbean International Bank remained at $7 with 2,734 units clearing the market, Grace Kennedy increased by 21 cents to $3.91 in an exchange of 12,253 stock units, Guardian Holdings advanced 17 cents to $20.40 after trading 79,347 stocks. JMMB Group fell 8 cents to $1.90 after exchanging 56,589 shares, Massy Holdings fell 44 cents to $60.01 in trading 1,100 stock units, National Enterprises rose 20 cents to $3.20 with 921 stocks clearing the market. NCB Financial Group dropped 5 cents to $8.25 in exchanging 12,300 stocks, Republic Financial Holdings climbed $1.01 to $136 in an exchange of 11,465 shares, Scotiabank closed at $56.99 with an exchange of 989 stocks. Trinidad & Tobago NGL closed at $15.94 after exchanging 30 stock units, Trinidad Cement stayed at $3.75 in trading 5,030 shares, Unilever Caribbean closed at $16.50 in exchanging 1,000 stocks. West Indian Tobacco lost 36 cents to close at $35.02, with 728 stocks changing hands and Clico Investment Fund fell 10 cents to close at $25.40 trading 17,550 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.