Sharp price moves push stocks down – Tuesday
Trading levels in main market ended at 5,715,510 units valued at $62,017,146 compared to 2,602,058 units valued at $19,772,383 at the close on Monday. Trading in the US dollar market accounted for 375,830 units valued at US$112,160.
The All Jamaica Composite Index declined 652.58 points to close at 244,600.84 the JSE Market Index fell 594.58 points to finish at 222,859.09 and the JSE US dollar market index gained 5.36 points to close at 215.57.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 9 stocks with bids higher than their last selling prices and 5 with lower offers.
The main market ended trading with an average of 122,740 units, compared to an average of 53,047 units on Monday. The average volume for the month to date ended at 136,817 units versus 150,894 units on the prior trading day. The average volume and value for February ended at 223,938 units and $1,379,459.
In market activity, Berger Paints slid $1.95 to $11.05, with 92,502 shares changing hands, Cable and Wireless lost 1 cent to close at $1.29 with trades of 255,042 shares, Caribbean Cement closed $1.20 lower to $31 with an exchange of 38,790 units. Carreras traded at $72, gaining $3 with 25,245 shares exchanged, Grace Kennedy advanced 90 cents to $43.90 with 170,701 units changing owners, Jamaica Broilers traded 124,547 shares at $15.99, for a loss of 1 cent, Jamaica Producers closed at $16 with 143,221 shares exchanged, Jamaica Stock Exchange closed 53 cents lower at $7, with trades of 861,904 units. JMMB Group closed at $16.81, losing 19 cents with 62,377 units traded, Kingston Properties closed at $16.35 trading 2,250 shares, Kingston Wharves lost 25 cents to close at $31.50, with 133,133 units changing hands, Mayberry Investments closed 10 cents lower at $4.60 with an exchange of 63,659 shares, NCB Financial Group gained 40 cents to close at $61.90, after exchanging 39,418 shares, 1834 Investments closed at $1.50, losing 10 cents trading 24,112 units, Palace traded 900 units at $200, Pan Jamaican closed at $35, with a loss of 1 cent trading 59,159 shares. Pulse Investments closed at $8.40, losing 5 cents with an exchange of 2,654 units, Radio Jamaica gained 30 cents to close at $1.90 exchanging 30,300 shares, Sagicor Group closed at $33.50 trading 151,851 shares, Sagicor Real Estate fund lost 6 cents to close at $10.50 with 184,285 shares traded, Scotia Group was down 99 cents, to close at $38.01, with 513,417 units exchanged, Scotia Investments traded $1.95 higher to $40 with a mere 1,000 units changing hands, Supreme Ventures advanced 35 cents to $6.35 trading 4,710 shares. Proven closed at 30 US cents, gaining 1 cent with an exchange of 375,830 ordinary shares and JMMB Group 7.5% preference share lost 1 cent to close at $1.08 with trades of 2,730,333 units.
No price change to close Tuesday
All three market indices of the Trinidad & Tobago Stock Exchange eased at the close on Tuesday as trading levels fell to 178,508 shares valued at $2,180,740 compared to Monday’s 303,967 shares valued at $3,867,966.
The market closed with the last price of all 11 securities trading ending unchanged, on Monday 17 stocks traded.
The Composite Index fell 1.06 points to 1,239.87, the All T&T Index declined 1.97 points to 1,824.19 and the Cross Listed Index lost 0.02 points to 87.90.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 7 stocks with bids higher than last selling prices and 11 with lower offers.
Firm Trades| Angostura Holdings held firm at $15.01 with trades of 24,534 shares valued at $368,215, Ansa McAl traded 83 shares at $66.43, Clico Investment held firm at $22.50 with 52,500 units changing hands, valued at $1,181,253. First Citizens closed at $32 with an exchange of 400 shares, JMMB Group held firm at $1.22 with 47,322 units exchanged while Massy Holdings at $53 traded 1,000 units. NCB Financial Group closed at $3.78 with trades of 11,858 shares, Sagicor Financial traded at $9.01 with an exchange of 38,829 units valued at $349,494, Scotiabank closed at $59.01 with 1,343 shares changing hands, Trinidad & Tobago NGL closed at $22.71 with 501 units traded and West Indian Tobacco ended at $127 with trades of 138 shares.
JSE climbs on Monday
The Jamaica Stock Exchange corrected Friday’s error in the movement of the market indices to reflect the correct changes based on the close on Thursday and Friday.
The error in the market indices showed the sharp difference reported for the rise in the indices on Friday. The report shows the indices above the closing levels on Thursday but the official market report shows that main market and composite indices fell by more than 1,200 points and the junior market rising only 7.21 points when the closing index on Thursday and Friday show a rise of 29.39 points.
The market closed on Monday with 25 securities changing hands with 2 trading in the US dollar market. In the main market, 9 stocks advanced and 10 declined.
Trading levels in main market ended at 2,602,058 units valued at $79,186,131 compared to 7,683,386 units valued at $59,552,400 at the close on Friday. Trading in the US dollar market accounted for 3,316 units valued at US$962.
The All Jamaica Composite Index advanced 828.57 points to close at 245,253.44 the JSE Market Index gained 754.92 points to finish at 223,453.67 and the JSE US dollar market index remained at 210.21.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 282,723 units on Friday, compared to an average of 184,556 units on the previous trading day. The average volume for the month to date, ended at 248,740 units versus 214,756 units on the prior trading day. The average volume and value for February, ended at 223,938 units and $1,379,459.
In market activity, Berger Paints closed at $13, losing $2 with 3,799 shares changing hands, Cable and Wireless lost 4 cents to close at $1.30 with trades of 645,652 shares, and Caribbean Cement closed 20 cents higher to $32.20 with an exchange of 19,345 units. Carreras traded at $69, for a loss of 50 cents with 6,800 shares exchanged, Grace Kennedy closed 50 cents higher to $43 with 6,757 units changing owners, Jamaica Broilers traded 61,027 shares at $16, Jamaica Producers gained 50 cents to close at $16 with 5,209 shares exchanged, and Jamaica Stock Exchange closed 23 cents higher to $7.53 with trades of 23,712 units. JMMB Group lost 50 cents, closing at $17 with 23,836 units traded, Kingston Properties closed at $16.35 trading 200 shares, Kingston Wharves gained 55 cents to close at $31.75, with 6,034 units changing hands, Mayberry Investments closed 60 cents lower to $4.70 with an exchange of 124,821 shares, NCB Financial Group lost 49 cents to close at $61.50, after exchanging 11,943 shares, 138 Student Living closed at $4.50 with 13,015 units exchanged, Pan Jamaican closed at $35.01, with gains of 76 cents trading 145,770 shares. Pulse Investments was down 5 cents, closing at $8.45 with an exchange of 1,809 units, Sagicor Group closed at $33.50 trading 86,987 shares, Sagicor Real Estate fund added 1 cent to close at $10.56 with 39,600 shares traded, Salada closed at $9, losing 24 cents exchanging 320 shares, Scotia Group added 65 cents to close at $39, with 1,960 units exchanged, Scotia Investments traded $2.05 higher to close at $38.05 with 105,759 units changing hands, Seprod closed at $38, for a loss of 55 cents with trades of 600 shares, and Supreme Ventures closed at $6, losing 29 cents trading 3,175 shares. Proven closed at 29 US cents with an exchange of 3,316 ordinary shares, JMMB 7.5% preference share traded 497,190 units at $2 and JMMB Group 7.5% preference share closed 1 cent lower to $1.09 with trades of 766,738 units.
JSE climbs again on Friday
The Jamaica Stock Exchange continues to have challenges with their new trading system that was implemented in February. Making matters worse is that personnel at the exchange have refused to vet reports they put out in the public’s domain.
The end result is that indices changes are sometimes wrong or can’t be relied and some stocks are left off the trading reports.
The market closed on Friday with 24 securities changing hands with 2 trading in the US dollar market. In the main market, 12 stocks advanced and 8 declined.
The All Jamaica Composite Index advanced 911.85 points to close at 244,424.85 the JSE Market Index gained 830.80 points to finish at 222,698.74 and the JSE US dollar market index lost 7.95 points to 210.21.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 282,723 units on Friday, compared to an average of 184,556 units on the previous trading day. The average volume for the month to date, ended at 248,740 units versus 214,756 units on the prior trading day. The average volume and value for February, ended at 223,938 units and $1,379,459.
In market activity, Barita Investments traded 28,170 shares at $6.90, Berger Paints advanced $2 to close at $15, trading 25,128 shares, Cable and Wireless closed at $1.34, adding 4 cents with trades of 1,975,825 shares, Caribbean Cement closed 20 cents higher to $32 with an exchange of 14,902 units. Carreras traded at $69.50 with 7,400 shares changing hands, Grace Kennedy closed $1.40 higher to $42.50 with trades of 4,978 units, Jamaica Broilers exchanged 538,378 shares at $16, Jamaica Producers traded 50 cents lower to $15.50 with 12,638 shares changing owners, Jamaica Stock Exchange closed at $7.30, for a loss of 66 cents with an exchange of 3,058,750 units. JMMB Group slid 48 cents, closing at $17.50 with trades of 532,746 units, Kingston Properties closed at $16.35, rising 15 cents in trading 20,976 shares, Kingston Wharves gained 20 cents to close at $31.20, with 6,693 units changing owners, Mayberry Investments added 10 cents, closing at $5.30 with an exchange of 5,000 shares, NCB Financial Group closed with gains of 99 cents to $61.99, after exchanging 31,659 shares, 138 student Living closed 10 cents lower to $4.50, with 199,483 units being exchanged, Pan Jamaican rose 19 cents higher to $34.25, trading 192,491 shares. Sagicor Group closed at $33.50 trading 60,520 shares, Sagicor Real Estate Fund lost 20 cents to close at $10.55 with an exchange of 6,600 shares, Scotia Group added 15 cents to close at $38.35, with 23,403 units traded, Scotia Investments climbed $1.50 in trading 13,000 shares at $36, Seprod closed at $38.55, for a loss of 45 cents with 10,500 shares, Supreme Ventures closed at $6.29, with 37,777 shares changing hands. Margaritaville Turks traded 7 US cents lower to close at 23 US cents with 1,875 units exchanged, Proven Investments gained 2 US cents to close at 29 US cents trading 5,499 ordinary shares and JMMB Group 7.5% preference share closed at $1.10 with trades of 866,369 units.
Scotiabank hits a high
Trinidad & Tobago’s Scotiabank hits a 52 weeks’ high at the close of trading on the Trinidad & Tobago Stock Exchange on Friday but with limited volume. Market activity resulted in 9 securities being exchanged the same number as on Thursday.
At the close of the market, 5 stocks advanced, 2 declined and 2 were unchanged. Securities traded amounted to 181,011 at a value of $1,947,353 compared to Thursday’s 306,454 shares valued at $3,666,557.
The Composite Index gained 2.09 points to 1,242.48, the All T&T Index rose 3.83 points to 1,827.06 and the Cross Listed Index was up 0.05 points to 88.23.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 11 stocks with bids higher than last selling prices and 4 with lower offers.
Gains| Clico Investment gained 2 cents to close at $22.52 with 218 shares changing hands, First Citizens Bank closed 49 cents higher trading 100 units and closed at $32, the price at which the block of shares are being sold by the government. Guardian Holdings closed at $15.80 with gains of 30 cents and 20,000 units exchanged at a value of $311,650, JMMB Group gained 2 cents to close at $1.22 with 7,000 shares traded and Scotiabank closed with gains of 20 cents to a 52 weeks’ high of $59 exchanging 218 units.
Losses| Ansa McAL lost 2 cents to close at $66.43 with an exchange of 3,300 shares and Trinidad Cement closed at $4.20, a loss of 10 cents with 1,039 units traded.
Firm Trades| Sagicor Financial was unchanged at $9 with trades of 146,509 units valued at$1,318,581 and Trinidad & Tobago NGL closed at $22.61 trading 2,500 shares.
Stocks continue wild swings Friday
Trading in the main market of the Jamaica Stock Exchange closed on Friday with stocks prices continuing to swing wildly as 22 securities changed hands the main market and 2 trading in the US dollar market. At the close, 7 stocks advanced and 11 declined in both markets.
Trading levels in main market ended at 13,300,572 units valued at $443,256,966 compared to 4,648,288 units valued at $125,237,837 at the close on Thursday. Trading in the US dollar market accounted for 8,744 units valued at US$2,692.
The All Jamaica Composite Index fell 1,975.38 points to close at 246,003.16 the JSE Market Index declined 1,766.34 points to finish at 224,136.77 and the JSE US dollar market index lost 0.83 points to close at 227.28.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 12 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 604,571 units on Friday, compared to an average of 248,178 units on the previous trading day. The average volume for the month to date ended at 416,933 units versus 229,294 units on the prior trading day. The average volume and value for February, ended at 223,938 units and $1,379,459.
In market activity, Berger Paints closed lower at $11, losing $3.50 with trades of 91,830 shares, Cable and Wireless lost 4 cents to close at $1.35 with 273,290 shares changing hands, Caribbean Cement tumbled $4.79 to $31.20 trading 3,375 shares, Carreras traded 9,350 units at $68.60, Grace Kennedy advanced $1 to $43.50, with 18,936 units changing hands. Jamaica Broilers lost 30 cents to close at $14.20 with trades of 61,983 shares, Jamaica Producers closed $2.17 lower to $15.01, with an exchange 5,957,112 shares, Jamaica Stock Exchange closed at $8, with 179,123 units changing hands, JMMB Group gained 2 cents to close at $17.03 trading 110,362 units. Kingston Properties traded 500 shares at $16.35, Kingston Wharves closed $1 lower at $31 with 1,504 units changing owners, NCB Financial Group closed at $63.02, but lost $1.88, after exchanging 4,114,559 shares, Pan Jamaican lost 10 cents to close at $35.90 trading 1,511,194 shares, Pulse Investments closed with a loss of $1.74 to $7.01 with 118,331 units exchanged, Radio Jamaica added 19 cents to close at $1.90, with 8,399 units traded. Sagicor Group closed with gains of 10 cents to $33.15 trading 283,210 shares, Sagicor Real Estate fund closed at $10.50 with trades of 9,981 units, Scotia Group fell to $38.61, losing 39 cents with 233,173 shares changing hands. Scotia Investments lost $1 to close at $35 trading 13,260 units, Sterling Investments closed at $16.75, with gains of 20 cents trading 1,000 shares, Supreme Ventures closed 47 cents higher to $6.37, with trades of 300,000 shares. Margaritaville Turks closed at 30 US cents with an exchange of 304 shares, Proven Investments traded 8,440 ordinary shares at 31 US cents and JMMB Group 7.5% preference share gained 11 cents to close at $1.20 trading 100 units.
NCB Group trades at J$76 in Trinidad
The stock traded as high as TT$4 or the equivalent of J$76 but closed slightly lower at the close. The group traded in Kingston at J$65.
Trading levels on the Trinidad & Tobago Stock Exchange fell on Thursday leading to an exchange of just 9 securities, compared to 11 on Wednesday. At the close 3 stocks advanced, 4 declined and 2 were unchanged. Securities traded amounted to 306,454 units at a value of $3,666,557 in contrast to Wednesday’s 547,969 shares valued at $12,402,664.
The Composite Index gained 0.51 points to 1,240.39, the All T&T Index rose 1.45 points to 1,823.23 and the Cross Listed Index lost 0.06 points to 88.16.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 10 stocks with bids higher than last selling prices and 4 with lower offers.
Gains| After several weeks closing with the demand for Agostini’s at a higher price than the last sale 2,658 units traded on Thursday with price gaining $1.02 to close at a 52 weeks’ high of $18.52, after it last traded in November last year. First Citizens Bank gained 1 cent trading 8,205 shares and closed at $31.51, still below the price of $32, the government block of 48 million shares are being sold and Trinidad Cement added 10 cents, closing at $4.30, with an exchange of 8,598 units.
Losses| Clico Investment closed at $22.50 with a loss of 10 cents as 126,509 units changing hands at a value of $2,846,453, First Caribbean International Bank lost 5 cents, closing at $8.94 with an exchange of 1,000 units, JMMB Group was down 2 cents to $1.20 with trades of 65,295 shares and Republic Financial Holdings closed at $105.99, after losing just 1 cent with 188 units traded.
Firm Trades| National Commercial Bank Financial Group traded 91,588 shares to close with the last sale at $3.75 valued at $346,562 and Sagicor Financial held firm at $9 with trades of 2,413 units.