Junior Market lost ground on Thursday

Junior Market activity resulted in with just 9 security advancing, 9 declining and 7 remaining unchanged, with the Junior Market Index declined by 20.97 points to close at 2,883.99.
Trading ended on Thursday with an exchange of 2,139,884 units valued at $8,911,130 from 25 securities, compared with 994,247 units valued at $3,815,366 from 20 securities changing hands on Wednesday.
Trading ended with an average of 85,595 units for an average of $356,445 compared to an average of 49,712 units for an average of $190,768 on Wednesday. The average volume and value for the month to date, amounts to 148,477 units at $632,276, compared to an average of 153,101 units at $652,558 on the previous trading day. February closed with an average of 338,697 units at an average value of $1,495,774 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 4 stocks ending with the bid higher than the last selling price and 7 with lower offers.
At the close of the market, Access Financial closed with a loss of $1 at $50, with 100 shares, AMG Packaging ended at $2, with 150,000 stock units changing hands, Caribbean Cream ended trading at $5.99, with 8,000 shares, Caribbean Flavours traded at $10.90, with 2,600 stock units, Caribbean Producers finished trading 22 cents higher at $4.67, with 9,740 units. Consolidated Bakeries closed with a loss of 4 cents at $2, with 1,000 shares, Elite Diagnostic gained 1 cent and closed at $3.12, with 116,140 units, Eppley ended trading 14 cents higher at $10.14, with 300 shares, Express Catering traded with a rise of 10 cents at $4.60, with 63,082 shares. FosRich Group finished trading 331,255 shares and gained 25 cents to $2.65, General Accident closed at $3.19, with 4,591 stock units, GWest Corporation ended 10 cents higher at $2.80, with 17,000 units changing hands, Honey Bun concluded trading with a loss of 9 cents at $4.30, with 32,617 shares. Iron Rock finished 5 cents higher at $3.10, with 28,125 shares, Jamaican Teas ended trading with a loss of 49 cents at $4.01, with 48,257 stock units, Jetcon Corporation closed with a loss of 7 cents at $4.18, with 9,600 units, KLE Group fell 3 cents to $2.30, with 200 shares. Knutsford Express ended at $14.48, with 4,477 shares, Lasco Distributors concluded trading at $4, with 48,710 stock units, Lasco Financial finished with a loss of 20 cents at $4.80, with 1,037,165 units, Lasco Manufacturing settled with a loss of 21 cents at $3.99, with 38,735 shares. Main Event ended trading 19 cents higher at $6, with 121,618 shares and Stationery and Office closed at $5.50, with 54,848 units. In the Junior Market preference segment, Eppley 8.25% ended with a loss of 29 cents at $7, with 8,324 stock units, Eppley 9.5% finished 80 cents higher at 52 weeks’ high of $6.25, with 3,400 shares, changing hands.
Prices of securities trading for the day are those at which the last trade took place.

JSE main market closed higher again – Thursday

The main market Jamaica Stock Exchange, closed higher at the end of trading on Thursday for the 4th day in a row, with stock prices being mixed, with the advance decline ratio ending slightly negative.
At the close, the all Jamaican Composite Index rose 1,055.77 points to 323,616.87 and the JSE Index climbed 961.92 points to end at 294,851.55.
Trading closed with 32 securities changing hands, up from 28 on Wednesday, leading to 9 advancing, 12 declining and 11 trading firm, in the main and US dollar markets. Securities closing with sizable price changes include, Grace Kennedy lost $1 to end at $49, Jamaica Broilers fell $1 to $19, JMMB Group added $1 to $26, Portland JSX dropped $1 to $8.50 and Scotia Group fell $2 to $52.
Main market activity ended with 6,093,417 units valued at $73,742,131 compared to 71,072,740 units valued at $6,270,318,116 changing hands on Wednesday. Ciboney Group closed with 1,458,766 units accounting for 23.94 percent followed by Jamaica Broilers with 1,366,225 units and 22.42 percent of the volume for the day and Wisynco Group with 673,050 units or 11.05 percent of the day’s volume.
Trading resulted in an average of 210,118 shares valued at $2,542,832 for each security traded, compared to 2,450,784 shares valued at $216,217,866 on Wednesday. For the month to date an average of 674,192 units with an average value at $23,762,597 traded, compared to 706,388 units with an average value at $25,336,441 changing hands on the previous trading day. In contrast, February closed with average of only 213,336 units valued at $3,392,475 for each security traded.
Trading in the US dollar market on Thursday, ended with 190,139 units valued at $57,528 changing hands with JMMB Group 5.75% US dollar preference share contributing 13,000 units at US$1.50, Margaritaville gained 5 US cents to close at 25 US cents with 400 units trading and Proven Investments had 176,739 units trading at 22 US cents, leaving the market index at 169.16.
IC bid-offer Indicator| At the end of trading, 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.
For more details of market activities see – Moderate JSE main market trading – Thursday.

Moderate JSE main market trading – Thursday

Carib Cement traded at an intraday high of $44 on Thursday.

Main market activity closed Thursday on the Jamaica Stock Exchange, with 29 securities changing hands, with moderate volume of 6,093,417 units valued at $73,742,131 traded.
The market closed with 9 securities rising, 11 falling and 9 trading firm. At the end, the JSE All Jamaican Composite Index jumped 1,055.77 points to 323,616.87 and the JSE Index climbed 961.92 points to 294,851.55. Caribbean Cement posted an intraday 52 weeks’ high of $44 but closed back at $40.
In main market activity, Berger Paints ended with a loss of 1 cent at $17.94, with 2,938 stock units, Cable & Wireless concluded trading 6 cents higher at $1.16, with 92,500 units, Carreras finished at $10.35, with 135,321 shares, Caribbean Cement settled at $40, with 20,900 shares, Ciboney Group ended with a loss of 4 cents at 12 cents, trading 1,458,766 shares. Grace Kennedy traded with a loss of $1 at $49, with 18,872 stock units, Jamaica Broilers fell $1 to close trading at $19, with 1,366,225 units, Jamaica Producers closed at $15, with 47,095 shares, Jamaica Stock Exchange ended with a loss of 1 cent at $6.98, with 160,041 shares. JMMB Group concluded trading $1 higher at $26, with 31,547 shares, Mayberry Investments ended trading at $6, with 318,470 shares, NCB Financial Group traded 50 cents higher at $99.50, with 219,654 shares, 1834 Investments finished trading 9 cents higher at $1.15, with 668,897 shares. 138 Student Living ended 5 cents higher at $5.50, with 500 shares, PanJam Investment ended with a loss of 3 cents at $41.97, with 3,734 units, Portland JSX concluded trading with a loss of $1.20 to close at a 52 weeks’ low of $8.50, with 200 shares, Pulse Investments finished with a loss of 20 cents at $1.65, with 900 shares, Radio Jamaica settled 2 cents higher at $1.02, with 5,000 shares. Sagicor Group ended trading with a loss of 5 cents at $36.20, with 38,853 stock units, Sagicor Real Estate Fund ended trading with a loss of 7 cents at $15.24, with 81,500 shares, Salada Foods traded 38 cents higher at $11.10, with 52,000 units, Scotia Group finished trading with a loss of $2 at $52, with 31,088 shares, Seprod closed at $30, with 74,750 shares. Sterling Investments ended 1 cent higher at $13.90, with 698 shares, Supreme Ventures concluded trading with a loss of 6 cents at $11.76, with 6,967 stock units, Victoria Mutual Investments finished at $4.50, with 557,890 units and Wisynco Group settled at $10.50, with 673,050 shares. In the main market preference segment, JMMB Group 7.5% closed 8 cents higher at $1.10, with 10,000 shares, Proven Investments settled at $5.15, with 15,061 units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE main market closed higher again – Thursday.”

T&TNGL at new high on TTSE – Thursday

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T&T NGL closed at a record high on TTSE on Thursday.

Trinidad & Tobago NGL gained 25 cents and concluded trading at a 52 weeks’ high of $29, in on the Trinidad & Tobago Stock Exchange on Thursday.
The market closed with 12 securities trading against 13 on Wednesday, with 5 advancing, 3 declining and 4 remaining unchanged. Trading accounted for 126,928 shares valued at $2,032,721, compared to 184,131 shares valued at $2,768,851 on Wednesday.
At close, the Composite Index rose 1.21 points on Thursday to 1,268.13, the All T&T Index gained 2.06 points to 1,702.94, while the Cross Listed Index shed 0.05 points to close at 112.43.
IC bid-offer Indicator|At the end of trading, on Wednesday, the Investor’s Choice bid-offer indicator reading shows 5 stocks with bids lower than their last selling prices and 4 with lower offers.
Gains| Clico Investments gained 9 cents and completed trading at $20.20, with 8,893 units, First Citizens finished 2 cents higher at $32.32, after exchanging 1,305 shares, Republic Financial Holdings concluded trading with a rise of 2 cents at $101.55, with 5,065 stock units changing hands, Scotiabank added 5 cents and settled at $62.55, after exchanging 1,953 shares and Trinidad & Tobago NGL increased 25 cents and concluded trading at a 52 weeks’ high of $29, after exchanging 1,500 shares.
Losses| JMMB Group ended trading 4 cents lower at $1.86, with 10,122 stock units changing hands, Sagicor Financial concluded trading with a loss of 1 cent at $7.81, with 2,514 units and West Indian Tobacco traded with a loss of 5 cents and settled at $88.50, after 3,460 shares changed hands.
Firm Trades| First Caribbean international Bank settled at $9.30, after exchanging 44,230 shares, Guardian Holdings settled at $16, after exchanging 7,200 shares, NCB Financial Group concluded at $6.45, after exchanging 40,000 shares and Trinidad Cement ended at $3, with 686 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

JSE main market moves higher – Wednesday

Caribbean Cement surged to a record close of $40 on the news that they could save $2B from lease buyout.

The main market Jamaica Stock Exchange, closed higher at the end of trading on Wednesday with Caribbean Cement jumping sharply and Scotia Group bouncing back to $54.
At the close, the all Jamaican Composite Index rose 897.85 points to 322,561.10 and the JSE Index climbed 818.04 points to 293,889.63.
Trading closed with 31 securities changing hands, down from 28 on Tuesday, leading to 9 advancing, 11 declining and 11 trading firm, in the main and US dollar markets. Securities closing with sizable price changes include, Caribbean Cement climbed $6.44 to end at a 52 weeks closing high of $40. Grace Kennedy lost $1 to end at $50, JMMB Group lost $1 to $25, PanJam Investment declined $1 to $42 and Scotia Group rose $2 to $54.
Main market activity ended with 71,072,740 units valued at $6,270,318,116 compared to 5,286,653 units valued at $240,796,595 changing hands on Tuesday. NCB Financial Group closed with 61,822,679 units accounting for 86.99 percent of traded shares followed by Jamaica Broilers with 2,036,473 units for just 2.87 percent of the volume for the day and Mayberry Investments with 2,010,259 units.
Trading results in an average of 2,450,784 shares valued at $216,217,866 for each security traded, compared to 195,802 shares valued at $8,918,392 on Tuesday. For the month to date, an average of 706,388 units with an average value at 25,336,441 traded, compared to 576,343 units with an average value at 10,044,835 changing hands on the previous trading day. In contrast, February closed with average of only 213,336 units valued at $3,392,475 for each security traded.
Trading in the US dollar market on Wednesday, ended with 37,700 units valued at US$50,918 changing hands with JMMB Group 5.75% US dollar preference share contributing 33,300 units at US$1.50 and Proven Investments with 4,400 units at 22 US cents, leaving the market index at 169.16.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 with a lower offer.
For more details of market activities see – NCB dominated the JSE main market – Wednesday.
Daily Trading, Jamaican Stocks, Jamaica Stock Exchange,Trading Activity, Emerging markets, Proven Investments, JMMB Group,Scotia Group,

NCB dominates the JSE main market

NCB traded 61.8 million shares on Wednesday.

Main market activity surged sharply Wednesday on the Jamaica Stock Exchange, with 29 securities changing hands and 71,072,740 units valued at $6,270,318,116 trading.
NCB Financial Group accounting for 86.99 percent of the volume traded with 61,822,679 units changing hands and Caribbean Cement posted the highest gain jumping $6.44 to end at a 52 weeks closing high of $40, with 138,259 shares and Cable & Wireless resumed trading after the suspension requested by the company.
The market closed with 9 securities rising, 11 falling and 9 trading firm. At the end, the JSE All Jamaican Composite Index increased by 897.85 points to 322,561.10 and the JSE Index advanced by 818.04 points to 293,889.63.
In main market activity, Barita Investments closed with a loss of 50 cents at $9, trading 2,900 shares, Berger Paints ended unchanged at $17.95, with 5,500 stock units, Cable & Wireless resumed trading and closed unchanged at $1.10, with 21,246 units, Carreras finished with a loss of 10 cents at $10.35, with 146,032 shares, Caribbean Cement jumped $6.44 and closed at $40, with 138,259 shares. Ciboney Group ended trading 3 cents higher at 16 cents, with 157,728 shares, Grace Kennedy traded with a loss of $1 at $50, with 56,000 stock units, Jamaica Broilers finished trading 1 cent higher at $20, with 2,036,473 units, Jamaica Producers closed with a rise of 5 cents to $15, with 19,430 shares. Jamaica Stock Exchange ended at $6.99, with 6,319 shares, JMMB Group concluded trading with a loss of $1 at $25, exchanging 549,955 shares, Kingston Properties finished at $6.25, with 3,560 stock units, Kingston Wharves settled 93 cents higher at $40, with 17,986 units. Mayberry Investments ended trading at $6, with 2,010,259 shares changing hands, NCB Financial Group traded at $99, with 61,822,679 shares, 1834 Investments finished trading with a loss of 11 cents at $1.06, with 273,200 shares, 138 Student Living ended with a loss of 5 cents at $5.45, with 250 shares, PanJam Investment ended with a loss of $1 at $42, with 10,440 units. Portland JSX concluded trading with a loss of 25 cents at $9.70, with 2,500 shares, Radio Jamaica settled with a loss of 5 cents at $1, with 561,044 shares, Sagicor Group ended trading 65 cents higher at $36.25, with 721,650 stock units, Sagicor Real Estate Fund ended trading 1 cent higher at $15.31, with 66,800 shares, Salada Foods traded at $10.72, with 20,000 units. Scotia Group finished trading $2 higher at $54, with 36,417 shares, Supreme Ventures concluded trading 32 cents higher at $11.82, with 19,592 stock units, Victoria Mutual Investments finished at $4.50, with 1,558,306 units and Wisynco Group settled with a loss of 15 cents at $10.50, with 744,017 shares trading. In the main market preference segment, Jamaica Money Market 7.5% traded $1.90 higher at $1.90, with 54,198 stock units and Productivity Business settled at $105, with 10,000 units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE main market moves higher – Wednesday.”

Junior Market climbs – Wednesday

Junior Market ended trading on Wednesday with an exchange of just 994,247 units valued at $3,815,366 from 20 securities changing hands, compared with 4,609,834 units valued at $19,615,022 from 18 securities on Tuesday.
Market activity resulted in with just 9 security advancing, 4 declining and 7 remaining unchanged, with the Junior Market Index advanced 32.75 points to close at 2,904.96.
Trading ended with an average of 49,712 units for an average of $190,768 compared to an average of 256,102 units for an average of $1,089,723 on Tuesday. The average volume and value for the month to date, amounts to 153,101 units at $652,558, compared to an average of 191,316 units at $681,419 on the previous trading day. February closed with an average of 338,697 units at an average value of $1,495,774 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 5 stocks ending with the bid higher than the last selling price and 6 with lower offers.
At the close of the market, Access Financial closed at $51, with 839 shares, CAC 2000 finished with a loss of 30 cents at $8.70, trading 7,644 shares, Caribbean Flavours traded 2,490 stock units at $10.90, Caribbean Producers finished trading with a loss of 10 cents at $4.45, with 17,550 units, Consolidated Bakeries closed with a loss of 1 cent at $2.04, while trading 1,000 shares. Elite Diagnostic settled 1 cent higher at $3.11, with 310,018 units, Express Catering traded 2,450 shares at $4.50, FosRich Group finished trading with a loss of 11 cents at $2.40, in exchanging 56,934 shares, General Accident closed 29 cents higher at $3.19, with 700 stock units. GWest Corporation ended at $2.70, with 210,721 units, Honey Bun concluded trading 9 cents higher at $4.39, with 19,360 shares, Jamaican Teas rose 50 cents to $4.50, with a mere 105 stock units, Jetcon Corporation traded 5 cents higher at $4.25, with 11,572 units. Lasco Distributors concluded trading at $4, with 73,705 stock units, Lasco Financial finished 30 cents higher at $5, with 67,740 units, Lasco Manufacturing gained 21 cents to end at $4.20, with 10,720 shares, Medical Disposables traded at $4.85, with 24,000 shares. Stationery and Office closed at $5.50, with 166,199 units and tTech climbed $1 higher to $6, with 500 shares. In the junior market preference segment, Eppley 8.75% finished trading at $6, with 10,000 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Moderate trading on TTSE – Wednesday

Market activity on the Trinidad & Tobago Stock Exchange ended on Wednesday with trading in 13 securities against 12 on Tuesday, with 4 stocks advancing, 3 declining and 6 remaining unchanged.
The market closed with 184,131 shares valued at $2,768,851 trading, compared to 121,903 shares valued at $1,342,405 on Tuesday.
At close, the Composite Index rose 0.82 points to 1,266.92, the All T&T Index gained 0.82 points to 1,700.88, while the Cross Listed Index shed 0.34 points to close at 112.38.
IC bid-offer Indicator|At the end of trading, on Tuesday, the Investor’s Choice bid-offer indicator reading shows 5 stocks with bids lower than their last selling prices and 4 with lower offers.
Gains| First Citizens concluded trading with a rise of 14 cents at $32.30, after exchanging 8,838 shares, Sagicor Financial added 2 cents and completed trading at $7.82, with 6,613 units, Trinidad & Tobago NGL jumped 61 cents to a 52 weeks’ high of $28.75, after exchanging 24,650 shares and Trinidad Cement rose 1 cent and ended at $3, with 54,334 stock units changing hands.
Losses| LJ Williams B share fell 5 cents and ended at 70 cents, after exchanging 1,314 shares, Massy Holdings closed with a loss of 3 cents at $47.40, with 5,010 stock units changing hands and NCB Financial Group shed 5 cents and concluded trading at $6.45 with 40,000 shares changing hands.
Firm Trades| Angostura Holdings ended at $15.70, with 30,000 stock units changing hands, Clico Investments completed trading at $20.11, with 6,678 units, First Caribbean International Bank settled at $9.30, after exchanging 200 shares, One Caribbean Media ended at $12.44, with 300 stock units trading, Republic Financial Holdings ended at $101.53, with 1,941 stock units changing hands and Scotiabank settled at $62.50, after trading 4,253 shares.
Prices of securities trading for the day are those at which the last trade took place.

Main Event Q1 profit climbs 41%

Main Event Q1 profit rise 41% to $33m.

The 2017 listed Main Event, enjoyed a bounce of 41 percent in profit for the January 2018 quarter, to $33 million from $23 million in 2017, from sale revenues that rose just 8.6 percent, to $361 million from $333 million in 2016.
Much of the success for the period arose from an improvement in profit margin that rose to 44 percent from 40 percent in the 2017, as input cost remained flat at $201 million. Operating profit rose 22 percent in the quarter to $161 million from $132 million.
Depreciation climbed 40 percent to $21 million, Marketing and sales expenses increased by 132 percent to just $7.8 million, Administrative expenses moved up by 13 percent to $97 million, from $86 million in 2017. Finance cost declined in the quarter, to $3.4 million from $4 million in 2017.
Earnings per share came out at 11 cents for the quarter up from 10 cents in January 2017.
While revenues and profit grew in the quarter, not all areas performed as well. According to the Directors’ report accompanying the quarterly, revenues “was driven by expansion in our core business of entertainment and promotions, with increased opportunities coming from our major clients and increased revenue opportunities from our growing rental and décor equipment base. Revenues from audio, multimedia and digital signage were average.”
Gross cash flow brought in $53 million but growth in receivables, inventories, addition to fixed assets offset by net loan inflows resulted in net outflows of $38 million leaving cash funds at $23 million for the quarter.
At the end of December, shareholders’ equity stands at $479 million with borrowings at just $147 million. Net current assets ended the period $115 million well over Payables of $93 million.
The stock traded at $5.81 on the Junior Market of the Jamaica Stock Exchange with a PE ratio of 10.6 times 2018 earnings with room for the price to grow.

JSE main market rise again – Tuesday

Main market activity ended with 27 securities changing hands, with 10 securities rising, 13 falling and 4 trading firm as trading closed with 5,286,653 units valued at $240,796,595 being exchanged.
At the close of trading, the JSE All Jamaican Composite Index increased by 503.78 points to 321,663.25 and the JSE Index advanced by 459 points to 293,071.59.
In main market activity, Berger Paints ended trading $1.50 higher at $17.95, with 310,654 stock units, Carreras closed with a rise of 35 cents at $10.45, with 52,856 shares, Caribbean Cement gained $1.36 and closed at $33.56, with 74,085 shares, Ciboney Group ended trading at 13 cents, with 200,000 shares, Grace Kennedy gained $1 to $51, with 16,739 stock units. Jamaica Broilers lost 1 cent to close at $19.99, with 22,786 units, Jamaica Producers closed with a loss of 55 cents at $14.95, trading 212,141 shares, Jamaica Stock Exchange ended 94 cents higher at $6.99, with 300 units, JMMB Group concluded trading at $26, with 20,117 shares. Kingston Properties finished at $6.25, with 1,440 stock units, Kingston Wharves settled 7 cents higher at $39.07 with 7,690 units, Mayberry Investments ended trading with a loss of 50 cents at $6, with 11,790 shares changing hands, NCB Financial Group traded $1 higher at $99, with 2,044,781 shares. 1834 Investments finished trading with a loss of 2 cents at $1.17, with 10,500 shares, 138 Student Living ended with a loss of 8 cents at $5.50, with 5,000 shares, PanJam Investment added 50 cents in closing at $43, with 229,220 units, Pulse Investments finished at $1.85, with 100 shares, Radio Jamaica settled with a loss of 2 cents at $1.05, with 569,681 shares. Sagicor Group ended trading with a loss of 65 cents at $35.60, with 7,769 stock units, Sagicor Real Estate Fund ended trading 25 cents higher at $15.30, with 1,550 shares, Salada Foods traded with a loss of $1.33 at $10.72, with 112,000 units, Scotia Group finished trading with a loss of $2 at $52, with 71,423 shares, Seprod closed with a loss of 5 cents at $30, after 29,045 stock units changed hands. Supreme Ventures declined by 50 cents to $11.50, with 132,190 stock units, Victoria Mutual Investments finished with a loss of 4 cents at $4.50, with 907,199 units, Wisynco Group settled with a loss of 5 cents at $10.65, exchanging 227,597 shares and in the main market preference segment, Jamaica Money Market 7.5% traded at $1.95, with 8,000 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “More stocks prices fall than rose on Tuesday.”