Big drop in Junior Market index – Thursday

August 15, 2019 by

At the close on Thursday, the Jamaica Stock Exchange Junior Market pulled back from the record high reached on Wednesday and indications at the close suggest more declines are likely on Friday.
The market index dropped 50.86 points to close at 3,612.08, but the fall is not a sign that the market is heading to 4,300 points before moving on to 5,000 that technical indicators point to.
Securities trading on the Junior Market dipped to 32 from 31 on Wednesday, as prices of 13 rose, 16 declined and 3 remained unchanged. For the second trading session, the IC bid-offer indicator was flashing negative signs for the Market for the following trading day.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks closing with higher bids than their last selling prices and 7 closed with lower offers.
Market activities resulted in an exchange of 5,865,706 units valued at $32,690,340 compared to 5,851,203 units valued at $22,568,503 trading on Wednesday.
The average trade for the day was 183,303 units for an average of $1,021,573 in contrast to 188,748 units for an average of $728,016 on Wednesday. The average volume and value for the month to date amounts to 182,669 units valued at $837,814 and previously 182,591 units valued at $815,284 for each security traded. July ended with an average of 138,412 units at $563,215 for each security traded.
Stocks ending with price changes| Access Financial lost 20 cents in trading of 5,621 units at $43, AMG Packaging declined by 17 cents in trading 71,500 units to close at $2.08, Blue Power closed trading of 69,292 units and gained 82 cents to end at $9, Caribbean Cream fell 60 cents in trading of 13,435 units at $4.60. Caribbean Producers closed trading of 10,448 units and gained 15 cents to end at $4.70, Express Catering closed with a loss of 12 cents at $6.37, in swapping 55,653 shares, Everything Fresh shed 7 cents in trading 14,800 units at $1.63, Elite Diagnostic fell 33 cents in trading of 113,448 units at $7.02. Fontana lost 25 cents in trading of 1,169,703 units in closing at $8.25, General Accident lost 58 cents in exchanging 1,036,720 units to end at $5.01, GWest Corporation closed 10 cents higher at $1.21, with 12,119 stock units trading, Honey Bun exchanged 119,616 shares, after rising 74 cents to end at $6.50. iCreate closed with a loss of 5 cents at 75 cents in swapping 82,674 shares, Indies Pharma shed 45 cents in trading of 78,680 units to settle at $3.50. ISP Finance jumped $5 to end at $21, trading 1,500 shares, Jamaican Teas exchanged 66,384 shares to close at $5.60 after falling 22 cents. Jetcon Corporation dipped 20 cents in trading of 75,436 units at $1.80, Knutsford Express fell 10 cents in trading of 500 units at $11.10. Limners and Bards traded 803,097 shares, after rising 10 cents to end at $3.20, Lasco Financial fell 50 cents in trading of 1,244,222 units at $5.50 after the company posted slightly lower first quarter profits, Lasco Manufacturing ended with a loss of 1 cent at $5.50 with 179,107 stock units changing hands. Stationery and Office Supplies fell 25 cents in trading of 17,150 units at $15.50 and tTech Limited climbed 49 cents in exchanging 166,068 shares at $7.99.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Prices mostly up for JSE main market

August 15, 2019 by

Sagicor Select Fund dominated volume traded on Thursday.

The main market of the Jamaica Stock Exchange recorded gains at the close on Thursday that failed to erase the more than 3,800 points drop in the two main market indices on Wednesday.
At the close of trading, the JSE All Jamaican Composite Index climbed 2,632.81 points to 578,445.63, the JSE Index advanced by 2,392.55 points to close at 526,643.89 and the JSE Financial Index rose 0.53 points to end at 143.41.
Trading ended with 37 securities trading in the main and US dollar markets, leading to 15 securities advancing, 13 declining and 9 trading firm, compared to 38 securities trading on Thursday.
At the close of trading, Wigton Windfarm ended trading at a 52 weeks’ closing high of 97 cents.
Shares totaling 104,310,618 units valued $281,870,824 traded, compared to 227,434,323 units valued at $478,562,750 changing hands on Wednesday. Sagicor Select Fund was the leading trade with 60.7 million units accounting for 58 percent of total volume. Wigton Windfarm followed with 37 million shares accounting for 36 percent of the day’s trade and Wisynco Group with 1 million shares for one percent of the volume.
The market closed with average of 3,160,928 units valued at $8,541,540 for each security traded, in contrast to of 6,317,620 units valued at an average of $13,293,410 on Wednesday. The average volume and value for the month to date amounts to 1,865,027 units valued at $11,133,262 and previously, 1,732,217 units valued at $11,432,307. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4  stocks ending with bids higher than their last selling prices and 3 with lower offers.
In the main market activity, Barita Investments gained $1 to end at $89 with 39,386 stock units changing hands, Caribbean Cement lost 50 cents trading 17,542 units to end at $77, Jamaica Broilers ended with a loss of $1 at $34, with 43,553 stock units changing hands. JMMB Group gained $1.20 to end at $49.70 with 679,242 stock units trading, Jamaica Producers ended trading with 938 shares, after rising 36 cents to end at $28.36, Kingston Wharves ended trading with 4,885 shares, after rising 59 cents to end at $67. Mayberry Investments lost 50 cents in trading of 61,476 units at $9.50, NCB Financial lost $4 trading 44,927 shares to close at $210, PanJam Investment ended with a loss of $1 at $105 with 150,865 stock units changing hands, Pulse Investments ended trading with 50,000 shares and rose 60 cents to end at $3.60. Scotia Group climbed $1.01 to $54.01 with 68,815 shares changing hands, Supreme Ventures ended with a loss of $1 at $27 with an exchange of 138,518  shares, Sygnus Credit fell 50 cents in trading of 105,993 units to close at $24 and Wisynco Group climbed $1.50 to settle at $25 with 1,050,510 shares changing hands.
Trading in the US securities market resulted in 312,334 units valued US$54,416 changing hands. JMMB Group 5.75% preference shares traded 2,184 shares to close US$2, JMMB Group 6% preference shares rose one cent in exchanging 1,500 units to close US$1, Proven Investments inched just 0.04 cent higher to close at 26.50 US cents with an exchange of 77,300 shares and Sygnus Credit Investments traded 231,350 shares to close at 12 US cents. The JSE USD Equities Index advanced 1.20 points to close at 194.82.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Reduced trading on TTSE on Thursday

August 15, 2019 by

Trading on the Trinidad & Tobago Stock Exchange resulted in only 10 securities changing hands on Thursday versus 18 on Wednesday leading to modest changes in the market indices.
Trading ended with 73,844 shares at a value of $837,532, compared to 258,736 shares at a value of $7,944,314 on Wednesday. Market activity ended with the prices of 4 stocks advancing, 3 declining and 3 remaining unchanged.
At the close of trading, the Composite Index declined by 1.28 points to 1,399.24. The All T&T Index shed 2.88 points to 1,773.51, while the Cross Listed Index fell 0.05 points to close at 138.79.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with one stock closing with the bid higher than the last selling price and one with a lower offer.
Gains| Calypso Macro Index Fund gained 8 cents to close at $14.25 trading 302 shares, Clico Investment Fund gained 5 cents and concluded at $24.10, with 2,114 units, JMMB Group finished trading 26,000 shares and gained 3 cents to end at $2.15 and Sagicor Financial concluded trading of 33,089 shares after rising 10 cents in closing at $10.45.
Losses| Republic Financial shares fell 48 cents and settled at $121.33, in trading 1,043 units and Scotiabank closed with a loss of 20 cents at $59.50, with 1,865 units crossing the exchange Trinidad & Tobago NGL traded 1,050 units but lost 40 cents to close at $27.50.
Firm Trades| First Caribbean International Bank ended at $8.35, with 7,000 units crossing the exchange First Citizens Bank traded 1,327 shares at $40.01 and Massy Holdings settled at $54.98, with 54 stock units changing hands.

Prices of securities trading are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , ,

Big price declines sink JSE on Wednesday

August 14, 2019 by
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The main market of the Jamaica Stock Exchange failed to benefit from the improved profit results reported by companies ahead of trading, as the market pulled back with the heavily weighted NCB Financial falling $4 along with large declines by others that had reported results days earlier.
At the close of trading, the JSE All Jamaican Composite Index dropped 4,286.79 points to close at 575,812.82, the JSE Index shed 3,895.59 points to end at 524,251.34 and the JSE Financial Index lost 1.48 points to end at 142.88.
Trading ended with 38 securities trading in the main and US dollar markets, leading to 14 securities advancing, 19 declining and 9 trading firm, compared to 42 securities trading on Wednesday.
At the close of trading, Palace Amusement jumped $550 to trade at a record high of $2,500 but with just 100 shares changing hands and Wigton Windfarm but ended trading at a 52 weeks’ closing high of 93 cents but recovered slightly by the close after it traded at a high of 98 cents for the day.
Shares totaling 227,434,323 units valued at $478,562,750 traded, compared to 105,567,277 units valued $1,138,000,566 changing hands on Tuesday. Fresh from Wigton Windfarm reporting 3.3 cents earnings per share for the June quarter, investors dived in and pushed the price up to close at a record of 93 cents with the stock being the leading trade with more than 118 million units accounting for 52 percent of total volume. Sagicor Select Fund followed with 102 million shares accounting for 45 percent of the day’s trade and Radio Jamaica with 1.6 million shares for less than one percent.
The market closed with an average of 6,317,620 units valued at an average of $13,293,410 for each security traded. In contrast to 2,706,853 units for an average of $29,179,502 on Tuesday. The average volume and value for the month to date amounts to 1,732,217 units valued at $11,432,307 and previously, 1,155,033 units valued at $11,164,308. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than their last selling prices and 3 with lower offers.
In the main market activity, Barita Investments lost $1 to end at $88 with 11,682 shares changing hands, Caribbean Cement gained 50 cents to end at $77.50 with 73,059 units changing hands, Grace Kennedy fell $1.90 in trading of 8,310 units at $70.10, Jamaica Broilers exchanged 42,145 shares and added $1 to close at $35. Jamaica Producers gained $1.35 cents in trading 13,251 shares to end at $28, JMMB Group fell $1.75 trading 262,330 shares to end at $48.50, Kingston Wharves shed $1.59 while trading 135 shares to end at $66.41, Mayberry Investments rose $1 in closing at $10 with 76,592 shares changing hands, NCB Financial lost $4 in exchanging 234,263 units to close $214. PanJam Investment added $5 in trading of 343,829 units at $106, Pulse Investments fell 70 cents in exchanging 463,377 shares at $3, Sagicor Group closed trading of 277,884 units but declined $1 to end at $74. Scotia Group dropped $1 to close at $53 in trading of 266,479 units, Seprod dipped $3 in trading 94,787 shares to end at $52, Sygnus Credit Investments rose 95 cents in trading 66,430 shares to end at $24.50 and Wisynco Group fell 50 cents to $23.50 after exchanging 311,397 units.
Trading in the US securities market resulted in 55,600 units valued US$7,724 changing hands. Proven Investments inched just 0.01 of a cent and closed at 26.01 US cents with an exchange of 7,200 shares and Sygnus Credit Investments lost 0.50 cents trading 48,400 shares to close at 12 US cents. The JSE USD Equities Index advanced 0.97 points to close at 193.62.

Filed Under: Company News Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

New record for Junior Market – Wednesday

August 14, 2019 by

JM closed at a new record, on its way to 4,300 points & possibly 5,000.

The Junior Market of the Jamaica Stock Exchange continued higher in trading on Wednesday with the index jumping 48.55 points to a record close of 3,662.94 as it moves to 4,300 points before heading to 5,000. 
Securities trading on the Junior Market dipped to 31 from 33 on Tuesday, as prices of 17 rose, 18 declined and 6 remained unchanged. At the close IC bid-offer indicator was flashing negative signs for trading on Thursday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks closing with higher bids than their last selling prices and 8 stocks closing with lower offers.
Elite Diagnostic and Lasco Manufacturing ended trading at 52 weeks’ high while Lasco Financial traded at an intraday high of $7 but retreated to $6 at the close before the company posted slightly lower profit for the June quarter as interest cost and taxation reduced the slight improvement in operating profit flowing from 18 percent increased revenues. Market activities resulted in an exchange of 5,851,203 units valued at $22,568,503 compared to 6,250,912 units valued at $27,428,507 trading on Tuesday.
The average trade for the day was 188,748 units for an average of $728,016 in contrast to 189,422 units for an average of $831,167 on Tuesday. The average volume and value for the month to date amounts to 182,591 units valued at $815,284 and previously 181,761 units valued at $827,046 for each security traded. July ended with an average of 138,412 units at $563,215 for each security traded.
Stocks ending with price changes| AMG Packaging declined by 7 cents in trading 37,500 shares to settle at $2.25, Blue Power ended trading with 70,897 shares, after rising 18 cents to end at $8.18, Caribbean Cream closed trading of 20,321 units and gained 60 cents to end at $5.20. Cargo Handlers lost 10 cents in trading 5,000 shares to close at 11.40 cents, Caribbean Producers dipped 20 cents in trading of 60,530 units at $4.55, Dolphin Cove climbed 5 cents in exchanging 359 shares at $12.05, Express Catering exchanged 49,900 shares, after rising 14 cents to end at $6.49. Everything Fresh fell 10 cents in trading 13,778 units to end at $1.70, Elite Diagnostic closed 35 cents higher at $7.35, with 70,811 stock units trading, Fosrich traded 48,910 units and gained 10 cents to end at $4.80, General Accident ended trading with 5,000 shares, after rising 19 cents to close at $5.59. GWest Corporation lost 19 cents trading 113,035 units at $1.11, Honey Bun close with a loss of $1.24 at $5.76, after swapping 214,611 shares, iCreate fell 9 cents trading of 126,485 units to end at 80 cents. Indies Pharma closed 20 cents higher at $3.95, with 67,901 stock units trading, Jamaican Teas closed trading of 66,120 units and gained 2 cents to end at $5.82, Jetcon Corporation exchanged 1,494 units and gained 15 cents to end at $2. Limners and Bards climbed 10 cents in exchanging 3,761,358 shares at $3.10. Lasco Distributors climbed 10 cents in trading 7,008 shares at $3.30, Lasco Financial lost 40 cents and ended market activity with 130,949 shares changing hands to close at $6, Lasco Manufacturing jumped $1.06, in trading 423,416 shares to close at $6.50, Medical Disposables closed trading of 14,304 units and gained 52 cents to end at $7.46. Main Event climbed 8 cents and exchanged 8,152 shares at $6.10, Paramount Trading had an exchange of 26,300 shares, after rising 5 cents to end at $2 and tTech closed trading of 71,942 units and gained 5 cents to close at $7.50.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

TTSE closes higher on Wednesday

August 14, 2019 by

Trading on the Trinidad & Tobago Stock Exchange resulted in 18 securities changing hands on Wednesday versus 16 on Tuesday leading to gains in the market indices.
Trading ended with 258,736 shares at a value of $7,944,314, compared to 576,981 shares at a value of $2,260,615 on Tuesday. Market activity ended with the prices of 3 stocks advancing, 4 declining and 11 remaining unchanged.
At the close of trading, the Composite Index gained 5.48 points to end at 1,400.52. The All T&T Index rose 0.66 points to 1,776.39, while the Cross Listed Index added 1.43 points to close at 138.74.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 2 stocks closing with bids higher than the last selling prices and 1 with lower offers.
Gains| NCB Financial gained 5 cents and settled at $10.10, with 615 stock units changing hands, Republic Financial gained 48 cents to settle at $121.81, with 1,677 units crossing the exchange and Sagicor Financial rose 4 cents and ended at $10.35, after exchanging 7,609 shares.
Losses| Clico Investment Fund closed with a loss of 2 cents at $24.05, trading 52,221 units, Guardian Media lost 50 cents and settled at a 52 weeks’ low of $10, after exchanging 900 shares, JMMB Group declined 3 cents and settled at $2.12, with investors exchanging 475 shares and Unilever Caribbean ended trading 120 units with a loss of 2 cents to close at $24.98.
Firm Trades| Ansa Mcal completed trading at $55.20, after exchanging 1,200 shares, First Caribbean International Bank closed at $8.35, with 25,405 units changing hands, First Citizens traded 5,981 shares at $40.01, Grace Kennedy settled at $3.55, with 44,425 stock units crossing the exchange, Massy Holdings settled at $54.98, with 100,000 stocks trading. One Caribbean Media concluded exchanging 200 shares at $10.10, Point Lisas ended at $3.75, with 25 stock units changing hands, Scotiabank settled at $59.70, after exchanging 837 shares. Trinidad & Tobago NGL traded 6,560 units to close at $27.90, LJ Williams B shares completed trading at $1, after swapping of 14,620 shares and West Indian Tobacco concluded trading at $110, with 954 units crossing the exchange.

Prices of securities trading are those at which the last trade took place.

 

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , ,

Wigton profit to help light up JSE

August 14, 2019 by

Wigton stock could spike on Wednesday.

Profits drive stock prices like nothing else. The Jamaica Stock exchange should see a big hike at the close of trading as a number of companies release some excellent results days before the main earnings season for the half-year ends.
Some main market companies are reporting big gains in earnings after the market closed on Tuesday and these could push prices up on Wednesday. Wigton Windfarm posted positive results for the June quarter, with profit jumping from $175 million to $366 million with modest foreign exchange gains, resulting in earnings per share of 3.3 cents that should translate to over 10 cents for the year. Revenues grew 12 percent at Kingston Wharves to $3.8 billion, over the corresponding period in 2018 and net profit attributable to shareholders increased by 40 percent to $1.2 billion. For the June quarter, net profit rose 54 percent to $729 million on revenues that rose 12 percent to $19.7 billion. Importantly, Kingston Wharves reported earnings of 51 cents per share for the second quarter (annualized $2 per share) and 82 cents for the half-year.
Jamaica Producers increased second-quarter revenues by 12 percent to $5.4 billion over the 2018 period and net profit attributable to shareholders increasing 52 percent to $399 million.

Jamaica Producers snacks

For the half-year, JP posted profit due to the group’s shareholders of $629 million compared to $415 million with revenues that rose from $9.3 billion to $10.16 billion. PanJam Investment reports net profit attributable to shareholders of $3.055 billion for the June quarter, up from $982 million in 2018 and $3.95 billion for the six months from $1.8 billion in the 2018 period.
PanJam results benefited from investments gains and gains from the sale of shares in an associated company. Productivity Business Solutions posted a rise in profits toUS$724,000 in the June quarter compared to a profit of $372,000 in 2018 and a profit of US$184,000 for the six months to June.

Filed Under: Company News, Company Results, Stock Market, Stocks to watch Tagged With: , , , , ,

JSE trading set to explode on Wednesday?

August 13, 2019 by

Wigton posted a big jump in profit and should light a fire under the JSE.

The Jamaica Stock Exchange seems set to enjoy a big blast on Wednesday following the release of strong results by a number of companies after the market closed on Tuesday, with modest gains in the market indices.
At the close of trading, the JSE All Jamaican Composite Index added 254.37 points to close at 580,099.61, the JSE Index rose 231.16 points to 528,146.93 and the JSE Financial Index lost 0.31 points to end at 144.36.
Trading ended with more stocks rising than falling with 42 securities trading in the main and US dollar markets, leading to 19 securities advancing, 14 declining and 9 closing with no price change, compared to 37 securities trading on Tuesday.
At the close of trading, Palace Amusement traded at a record high of $1,950 but JMMB Group 7.5% preference shares traded at a 52 weeks’ low of 75 cents but recovered slightly by the close.

PanJam is another main market stock to post a big jump in profits.

Shares totaling 105,567,277 units valued $1,138,000,566 traded, compared to 65,134,390 units valued at $273,353,099 changing hands on Monday.  Sagicor Select Fund led trading with 57.2 million units for 54 percent of total volume, Wigton Windfarm followed with 22.3 million shares accounting for 21 percent of the day’s trade, Supreme ventures with 10 million shares for 9.5 percent of total main market volume. Other stocks trading over one million shares are, Ciboney, Mayberry Investments, NCB Financial, Radio Jamaica, Sagicor Group and Scotia Group.
The market closed with an average of 2,706,853 units valued at $29,179,502 for each security traded. In contrast to 1,915,717 units valued at an average of $8,039,797 on Monday. The average volume and value for the month to date amounts to 1,155,033 units valued at $11,164,308 and previously, 901,009 units valued at $7,834.486. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ending with bids higher than their last selling prices and 3 with lower offers.
In the main market activity, Barita Investments lost 98 cents to end at $89 with 24,197 shares changing hands, Caribbean Cement ended with a loss of $2 at $77 with 20,957 stock units changing hands, Carreras shed 74 cents to end at $8 with 781,375 stock units trading, Grace Kennedy climbed $2.50 in trading of  823,511 units at $72. Jamaica Broilers exchanged 81,295 shares but dropped $1 to close at $34, Jamaica Producers lost 35 cents trading 28,686 shares to end at $$26.65, Jamaica Stock Exchange jumped $4.19 trading 68,286 shares to end at $29.94, Kingston Properties lost $1 in closing at $7 after exchanging 18,485 shares. Kingston Wharves gained $2.16 while trading 12,263 shares to end at $68, Mayberry Jamaica Equities rose $1.10 in closing at $12.10 with 812 shares changing hands, NCB Financial lost $2 in exchanging 1,553,334 units to close $218. Palace Amusement traded just 100 shares and jumped $450 to close at a record high of $1,950, PanJam Investment added $1 in trading of 379,101 units at $101, Portland JSX recovered the 35 cents lost on Monday in exchanging 29,385 shares at $7.90, Proven Investments closed trading of 37,487 units and gained $3 to end at $40. Scotia Group dropped $2.60 to close at $54 in trading of 1,556,853 units, Seprod dipped $1 in trading 17,941 shares to end at $55, Sygnus Credit Investments lost 40 cents in trading 650,915 shares to end at $23.55 and Wisynco Group jumped $4.08 to $24 after exchanging 279,826 units.
Trading in the US securities market resulted in 36,715 units valued $5,737 changing hands. Margaritaville traded with 8,925 shares to settle at 25 US cents, Proven Investments gained 2 cents and closed at 26 US cents with an exchange of 240 shares and Sygnus Credit Investments traded 27,550 shares at 12.5 US cents. The JSE USD Equities Index advanced 6.09 points to close at 192.65.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

New Junior Market record close – Tuesday

August 13, 2019 by

Elite Diagnostic one of four stocks to trade at 52 weeks’ high on Tuesday after posting strong 4th quarter results.

The Junior Market of the Jamaica Stock Exchange ended at a new record close on Tuesday, with the market index rising 25.36 points to 3,614.39  with advancing stocks being edged out decliners.
Securities trading on the Junior Market remained at 33 as was the case on Monday, as prices of 13 rose, 14 declined and 6 remained unchanged.
Elite Diagnostic, Paramount Trading preference share, Stationery and Office Supplies and tTech all ended trading at 52 weeks’ high.  
Market activities resulted in an exchange of 6,250,912 units valued at $27,428,507 up 19 percent from 5,270,328 units valued at $23,915,373 trading on Monday.
The average trade for the day was 189,422 units for an average of $831,167 in contrast to 159,707 units for an average of $724,708 on Monday. The average volume and value for the month to date amounts to 181,761 units valued at $827,046 and previously 180,478 units valued at $826,356 for each security traded. July ended with an average of 138,412 units at $563,215 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks closing with higher bids than their last selling prices and 2 closing with lower offers.
Stocks ending with price changes| AMG Packaging traded 27,000 shares, after rising 7 cents to end at $2.32, Caribbean Cream declined 45 cents in trading of 54,100 units at $4.60, Caribbean Flavours jumped $4.40 to $19.90 in trading 1,000 shares, Consolidated Bakeries fell 2 cents trading 152,643 units at $2.38. Dolphin Cove closed with a loss of 5 cents at $12, in swapping of 52,055 shares, Derrimon Trading exchanged 114,978 units and gained 18 cents to end at $2.90, Express Catering declined 5 cents in trading 27,902 units to close at $6.35, Everything Fresh closed trading of 35,622 units and gained 10 cents to end at $1.80. Elite Diagnostic climbed 50 cents and exchanged 125,430 shares to end at a 52 weeks’ high of $7, Fosrich Group shed 10 cents in trading 25,542 units at $4.70, Fontana traded 758,467 shares, after rising 45 cents to end at $8.50, General Accident dipped 2 cents trading of 677 units at $5.40. Honey Bun closed trading of 374,603 units, in gaining 80 cents to end at $7, iCreate ended with a loss of 1 cent at 89 cents with 145,342 stock units changing hands. Indies Pharma climbed 25 cents in exchanging 83,200 shares at $3.75, ISP Finance gained $1 to end at $16 in trading 729 shares, Jamaican Teas dipped 60 cents with 318,358 units changing hands to close at $5.80, Jetcon Corporation fell 10 cents exchanging 57,085 units at $1.85. Lasco Distributors lost 20 cents trading 282,673 units to close at $3.20, Lasco Financial dipped 15 cents with 31,200 units crossing the exchange at $6.40, Lasco Manufacturing declined 6 cents in exchanging 185,929 units to settle at $5.44. Medical Disposables lost 56 cents trading 11,000 shares to close at $6.94, Main Event fell 98 cents in exchanging 27,784 shares to close at $6.02. Paramount Trading closed with 25,000 units changing hands with a rise of 15 cents to end at $1.95, Stationery and Office Supplies climbed 6 cents and exchanged 11,042 shares to end at a record close of $15.75 and tTech Limited closed trading of 27,500 units and gained 52 cents to end at a 52 weeks’ high of $7.45.
In the junior market preference segment, Paramount Trading gained 20 cents to end at a 52 weeks’ high of $2.20 with 550 stock units trading.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Decline for TTSE – Tuesday

August 13, 2019 by

Trading on the Trinidad & Tobago Stock Exchange resulted in 16 securities changing hands on Tuesday versus 15 on Monday and a modest slippage in the market indices.
Trading ended with 576,981 shares at a value of $2,260,615, compared to 441,595 shares at a value of $6,727,127 on Monday. Market activity ended with the prices of 2 stocks advancing, 5 declining and 9 remaining unchanged.
At the close of trading, the Composite Index lost 1.73 points to close at 1,395.04. The All T&T Index shed 2.65 points to end at 1,775.73, while the Cross Listed Index declined 0.11 points to close at 137.31.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 4 stocks closing with bids higher than the last selling prices and 1 with lower offers.
Gains| Republic Financial rose 4 cents and settled at $121.33, with an exchange of 794 units and Sagicor Financial ended trading 30,338 shares after rising 21 cents to close at $10.31,
Losses| Angostura Holdings lost 24 cents and ended at $15.79 in trading 400 shares, First Citizens Bank fell 4 cents and completed trading at $40.01, with investors exchanging 745 shares, JMMB Group closed with a loss of 4 cents at $2.15, with 499,675 stock units changing hands. National Enterprises shed 5 cents and completed trading of 10 units to end at a 52 weeks’ low of $6.15 and Scotiabank dropped 28 cents and settled at $59.70, after exchanging 513 shares.
Firm Traded| Clico Investment Fund ended at $24.07, with an exchange of 12,555 units, First Caribbean International Bank closed trading at $8.35, with 3,765 stock units changing hands, Grace Kennedy completed trading of 16,886 stock units at $3.55, Guardian Holdings settled at $18, with investors exchanging 4,090 shares. Massy Holdings completed trading 100 shares at $54.98, National Flour settled at $1.67, with 25 units changing hands, West Indian Tobacco ended at $110, after exchanging 500 shares Trinidad & Tobago NGL traded 6,560 units to close at $27.90 and Trinidad Cement settled at $2.35, with 25 units crossing the exchange.

Prices of securities trading are those at which the last trade took place.

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