Another block of JMMB shares go

December 28, 2018 by

JMMB Group accounted for 71% of volume traded.


Following on from Thursday when NCB Financial sold 327 million JMMB Group’s shares, on the Jamaica Stock Exchange, Friday’s market activity was dominated by trading in JMMB Group’s shares, but with a reduced 27 million units, changing hands.
At the close of trading, the market rose sharply, as the All Jamaican Composite Index surged 8,520.67 points to 405,836.15 and the JSE Index jumped 7,763.29 points to close at 369,762.62. Trading ended with 38,390,816 units valued at $962,896,660 compared to 329,919,002 units valued at $9,327,532,031 changing hands on Monday.
JMMB Group led trading for the second consecutive day with 27,208,371 units and accounted for 71 percent of the day’s volume, followed by Sagicor Real Estate Fund with 5,278,788 units or 13.75 percent of the volume changing hands and Wisynco Group with 2,625,261 units and 6.84 percent of the day’s volume.
The main and US dollar markets, had 32 securities changing hands with prices of 14 rising, 8 declining with 10 remaining unchanged, compared to 30 securities trading on Monday. Barita Investments ended at record high with the price moving to $50 at the close while Salada Foods closed at a record high of $35.
An average of 1,279,694 units valued at over $32,096,555, in contrast to 11,782,822 shares valued at $333,126,144 on Thursday. The average volume and value for the month to date, amounts to 871,027 units with a value of $27,121,540, compared to 846,209 units with a value of $26,801,946, previously. November closed, with an average of 405,528 valued at $7,755,942, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Barita Investments rose $1.40 and ended at an all-time closing high of $50, with an exchange of 31,044 shares, Jamaica Broilers rose $3.49 in exchanging 26,686 o close shares at $29.49, JMMB Group dropped $4.54 and ended at $28.26, with 27,208,371 shares trading. Kingston Wharves gained 50 cents and finished trading 1,147 stock units at $77.50, NCB Financial Group gained $1.20 as 174,838 shares changed hands, to close at $148, Sagicor Group rose $2 to $40, trading 274,101 shares, Sagicor Real Estate Fund rose 47 cents after trading 5,278,788 stock units to end at $11.47. Salada Foods  jumped $5 and ended trading of 25,000 stock units at $35,  Scotia Group  rose $2.99 to close at $55, with 7,727 units changing hands, Seprod finished trading 19,742 shares, with a loss of $1.29 to close at $29.51. Supreme Ventures  rose 40 cents and closed at $16 trading 1,841,957 shares and Wisynco Group rose 39 cents to finish at $10.99, with 2,625,261 units changing hands.
Trading in the US dollar market amounted to 38,308 units valued at $9,537 with JMMB Group 6% preference share ending trading at $1.05 with 2,400 stock units and Proven Investments declining 1 cent ended trading 35,908 shares at 18 US cents. The JSE USD Equities Index rose 2.14 points to close at 159.49.

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

Junior Market slips on Friday

December 28, 2018 by

Trading on the Junior Market of the Jamaica Stock Exchange remained subdued on Friday, with trading with 21 securities changing hands, down from 27 securities that trading on Thursday.
The market closed with the prices of 5 rising, 6 falling and 10 remaining unchanged and leading the Junior Market Index to fall 7.37 points to close at 3,182.39.
Trading closed with 1,160,581 units valued at $4,535,714 changing hands, compared to 678,952 shares, valued at $3,223,519.
The average trade ended at 55,266 units for an average of $215,986 in contrast to 25,146 units for an average of $119,390 on Thursday. The average volume and value for the month to date amounts to 142,866 units at a value of $777,248, versus 147,500 units at a value of $806,936, previously. November, ended with an average of 190,475 units valued at $653,358 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with higher bids than their last selling prices and 5 with lower offers.
At the close of the day’s activity, AMG Packaging ended with a loss of 5 cents at $1.85, with 24,274 stock units changing hands, Blue Power concluded trading of 11,330 units with a loss of 31 cents to close at $5.19, Caribbean Cream ended trading at $5.82, with 1,066 shares. Caribbean Producers traded 66,714 units with a loss of 69 cents at $4.75, Derrimon Trading ended at $2.50, in exchanging 104,228 shares, Eppley settled at $9, with 2,452 units changing hands, Everything Fresh rose 20 cents in trading 307,076 shares to close at $1.60. Express Catering ended trading 50 cents higher at $8.50, with an exchange of 203,021 shares, FosRich Group traded 6,000 shares, with a loss of 9 cents to end at $3.86, General Accident rose 10 cents in trading 42,600 shares at $3.60. GWest Corporation closed at $1.60, with 43,187 stock units trading, Honey Bun ended 70 cents higher at $3.90, with an exchange of 3,100 units, Indies Pharma lost 10 cents in trading 21,209 shares to close at $3.10, Jamaican Teas settled with a loss of 70 cents at $4, trading 29,126 shares. Jetcon Corporation  ended trading with 172,189 stock units, and rose 5 cents to $3.45,  Key Insurance  traded 14,000 units at $4,  Lasco Distributors ended at $3.99, with 9,700 shares trading, Lasco Financial  concluded trading at $4.50, with 19,325 stock units, Lasco Manufacturing  finished at $3.45, with an exchange of 11,100 units. Main Event  settled at $5.90, with 45,484 shares trading and Stationery and Office finished trading at $8.10, with 23,400 stock units changing hands.

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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

More TTSE stocks fall than rise – Friday

December 28, 2018 by

Trinidad & Tobago Stock Exchange Head Quarters

Trading ended after closing for the Christmas break with 13 securities changing hands on Friday, against 13 on Thursday and finished with 2 advancing, 4 declining and 7 remaining unchanged.
At close of the market, the Composite Index fell 0.37 points to 1,302.97, the All T&T Index gained 1.61 points to 1,704.85, while the Cross Listed Index fell 0.33 points to close at 121.75. Trading ended with 336,690 units valued at $6,885,454 compared to 101,149 units valued at $3,433,867 on Thursday.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 3 stocks with bids higher than their last selling prices and 3 with lower offers.
Stocks closing with gains| Calypso Macro Index Fund rose 50 cents and ended at $15.50, with 20 stock units changing hands and First Citizens gained 34 cents to close at $33.97 after exchanging 100 shares.
Stocks closing with Losses| Clico Investments concluded trading with a loss of 4 cents and ended at $20.16, with 43,504 stock units changing hands, JMMB Group traded with a loss of 1 cent at $1.75, after exchanging 151,652 shares. NCB Financial Group fell 4 cents to $8.50, after exchanging just 123 shares and One Caribbean Media closed with a loss of 25 cents at a 52 weeks’ low of $10.25, exchanging 1,242 shares.
Stocks closing firm| First Caribbean International Bank completed trading of 4,965 units at $8.30, Massy Holdings closed at $47, after exchanging 117,610 shares, National Enterprises ended at $8 with 50 stock units changing hands. Republic Financial Holdings concluded at $107.26, after exchanging 412 shares, Sagicor Financial ended at $9.45, with 500 stock units changing hands, Trinidad & Tobago NGL settled at $29.25, after trading 2,350 shares and Trinidad Cement concluded trading at $2.72, after exchanging 14,162 shares.

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

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

JSE in big rise Friday morning

December 28, 2018 by

The main market of the Jamaica Stock Exchange surged 11,371 points on the All Jamaica Composite index (AJI) with nearly 2 hours of trading on Friday with the index at 408,686.63 points but pulled back to be at 406,567 points at 11:30 up 9,251.52 points.
The JSE Index climbed 10,360.40 points to 370,428.51 but the Junior Market Index slipped 5.01 points to 3,184.75. The rise so far still leaves the AJI short of the 11,126.51 points lost over the past two trading days.
NCB Financial traded at $146.83, Barita Investments traded at a new high of $50, Sagiccor Real Estate Fund jumped to $13.95 while Salada Foods traded at a new high of $35 but pulled back to $30 after. JMMB Group that traded 327 million shares traded 20.7 million shares today.

Filed Under: Breaking News, JSE Combined, Stock Market Tagged With: , , , , , , ,

JMMB big sale dominates JSE trading  

December 27, 2018 by

NCB Financial sale of 327 million shares in JMMB Group dominated trading on the main market of the Jamaica Stock Exchange on Thursday swelling the total amount of stocks trading to $9.3 billion.
At the close of trading, the market suffered a big fall, as the All Jamaican Composite Index dropped 7,385.56 points to close at 397,315.48 and the JSE Index dived 6,729.08 points to 361,999.33. Trading ended with 329,919,002 units valued at $9,327,532,031 compared to 21,522,449 units valued at $497,625,550 changing hands on Monday.
JMMB Group led trading for the second consecutive day with 327,137,347 units and accounted for 99 percent of the day’s volume, followed by Carreras with 561,455 units.
The main and US dollar markets, had 30 securities changing hands with prices of 12 rising, 10 declining with 8 remaining unchanged, compared to 30 securities trading on Monday. Barita Investments ended at record high with the price moving to $48.60 at the close after it hit an intraday high of $49.50.
An average of 11,782,822 units valued at over $333,126,144, in contrast to 768,659 units valued at $17,772,341 on Monday. The average volume and value for the month to date, amounts to 846,209 units with a value of $26,801,946, compared to 189,073 units valued at $7,264,184, previously. November closed, with an average of 405,528 valued at $7,755,942, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 3 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Barita Investments jumped $2.10 and ended at an all-time closing high of $48.60, with an exchange of 82,575 shares, Caribbean Cement lost 20 cents to close at $41.80, trading 25,150 shares, Grace Kennedy climbed $1 in trading 5,523 shares to close at $61. Jamaica Broilers fell $1.75 in exchanging 149,033 shares at $26, Jamaica Producers gained 53 cents trading 57,369 shares to close at $23, Kingston Wharves shed 50 cents and finished trading 452 stock units at $77, Mayberry Investments lost 75 cents to close at $9.25, with 11,020 stocks units trading. Mayberry Equities gained 35 cents to close at $9.55, with 9,576 stocks units changing hands, NCB Financial Group jumped $2.80 as 284,630 shares changed hands to close at $146.80, Sagicor Real Estate Fund rose $1 and traded 300,883 stock units to end at $11. Scotia Group fell 50 cents to close at $52.01, with 275,519 units changing hands and Supreme Ventures lost 40 cents and closed at $15.60 trading 81,392 shares.
Trading in the US dollar market amounted to 63,148 units valued at $11,894 with Proven Investments ended trading 61,848 shares at 19 US cents and Sygnus Credit Investments rising 2 cent and ended at 11 US cents with 1,300 shares changing hands. The JSE USD Equities Index rose 2.31 points to close at 157.35.

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

Junior Market in modest gain – Thursday

December 27, 2018 by

Trading on the Junior Market of the Jamaica Stock Exchange remained low keyed on Thursday, with low volume and a rise in the market Index by 12.87 points to close at 3,189.76.
Trading ended with 27 securities changing hands with the prices of 10 rising, 10 falling and 7 remaining unchanged. The market closed with 678,952 shares, valued at $3,223,519 changing hands, compared to 1,192,642 units valued at $4,117,828 on Monday, from 25 securities that traded.
Trading ended with an average of 25,146 units for an average of $119,390 in contrast to 47,706 units for an average of $164,713 on Monday. The average volume and value for the month to date amounts to 147,500 units at a value of $806,936, versus 156,428 units at a value of $857,109, previously. November, ended with an average of 190,475 units valued at $653,358 for each se curity traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with higher bids than their last selling prices and 4 with lower offers.
At the close of the day’s activity, AMG Packaging ended trading 5 cents higher at $1.90, with 15,608 stock units changing hands, Blue Power ended trading 10,637 units with a rise of 50 cents to $5.50, Caribbean Cream closed trading of 2,978 shares at $5.82, Caribbean Producers traded 5,092 units at $5.44. Consolidated Bakeries closed with a fall of 20 cents to a 52 weeks’ low of  $1.70, with an exchange of 4,454 shares, Derrimon Trading fell 7 cents and ended at $2.50, with 49,226 shares trading, Dolphin Cove concluded trading of 317 shares but fell $1 to $15, Elite Diagnostic rose 13 cents to finished $3, with 35,425 stock units changing hands, Everything Fresh ended trading 7,930 shares to close at $1.40. Express Catering ended trading 188,327 shares at $8, FosRich Group lost 10 cents to end at $3.95, trading 32,559 shares, General Accident ended trading $3.50 with an exchange of 55,000 shares, GWest Corporation finished trading $1.60 with an exchange of 1,618 shares. Honey Bun closed $3.20 after falling 20 cents as 63,349 stock units traded, Indies Pharma rose 10 cents and ended trading 22,153 shares to close at $3.20, Jamaican Teas jumped 80 cents to end at $4.70, with 5,000 shares changing hands. Jetcon Corporation gained 30 cents to settle at $3.40, with 25,100 shares traded, Knutsford Express fell $1.20 and finished trading 7,653 shares at $11.80, Lasco Distributors rose 19 cents and closed at $3.99, with 27,426 shares changing hands, Lasco Financial ended 53 cents higher to $4.50, trading 7,858 shares. Lasco Manufacturing concluded trading 35 cents higher to $3.45, with the trading of 69,805 stock units, Main Event finished 10 cents down to $5.90, with an exchange of 10,332 units, Medical Disposables lost 20 cents to end at $6.50, with 957 shares trading. Paramount Trading ended trading 45 cents higher to close at $2.90, with an exchange of 12,901 shares, Stationery and Office lost 40 cents, trading 3,417 shares, to close at $8.10 and tTech dropped 60 cents to close $4.59 higher at $4.59, with 130 units changing hands.

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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

6 stocks rose on TTSE Thursday

December 27, 2018 by

Trading ended after closing for the Christmas break with 13 securities changing hands on Thursday, against 16 on Monday and finished with 6 advancing, 3 declining and 4 remaining unchanged.
At close of the market, the Composite Index rose 0.75 points to 1,303.34, gained 0.80 points to 1,703.24, while the Cross Listed Index added 0.10 points to close at 122.08. Trading ended with 101,149 units valued at $3,433,867 compared to 106,024 units valued at $4,839,646 on Monday.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 4 stocks with bids higher than their last selling prices and 2 with lower offers.
Stocks closing with gains| First Citizens gained 48 cents to close at $33.63 after exchanging 1,103 shares, Grace Kennedy advanced 5 cents and ended at $2.90, with 14,500 stock units changing hands, Republic Financial Holdings gained just 1 cent to end at $107.26, after exchanging 30 shares. Scotiabank gained 25 cents to complete trading of 17 units at $64.25, Trinidad & Tobago NGL rose just 1 cent and settled at $29.25, after exchanging 35,914 shares and West Indian Tobacco concluded trading with a gain of 15 cents to close trading of 22,500 units at $95.25.
Stocks closing with Losses| Calypso Macro Index Fund fell 50 cents and ended at $15, with 2,000 stock units changing hands and JMMB Group lost 2 cents to finish at $1.76 after exchanging 22,000 shares and Unilever Caribbean lost 5 cents ended at $22.95, with 18 stock units changing hands.
Stocks closing firm| Ansa Merchant Bank  settled at $38.26, after exchanging 200 shares, Clico Investments concluded trading at $20.20, with 1,985 stock units changing hands, Massy Holdings closed at $47 after exchanging 845 shares and Sagicor Financial ended at $9.45, with 37 stock units changing hands.

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

 

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

Fontana listing in January

December 27, 2018 by

Artist impression of Fontana Waterloo Road

Fontana shares are not likely to start trading until January. Feedback from the Jamaica Stock Exchange indicates that the listing committe that has to meet to approve the listing wont meet until next week. 

IC Insider.com had previously reported that it would list today which was based on information gleaned from our sources. The shares allocated for the public pool that seems to be at variance with the terms of the propectus would need sorting out, before the shares are listed if in fact the allocation announced is different from the terms of the prospectus.

Filed Under: Initial Public Offers Tagged With: , , ,

Fontana allocation varies from prospectus

December 25, 2018 by

The Fontana prospectus states that multiple applications by any person whether in individual or joint names will be treated as a single application, but the information included in the broker’s release regarding allocation seems at variance with this.
The brokers indicated that, “multiple applications from a single person or entity were removed except where they were entitled to apply for shares in a reserved and the public pool. Once that process was completed, 2,770 applications remained for 944,150,335 shares”.
It would appear that had the allocation been done in conformity with the terms of the prospectus, the number of shares applied for would still remain at 982,194,569. All multiple applications are to be merged to be one, as such investors

Fontana Waterloo Road

in the public pool should be allocated differently than what has been announced.
Contracts once consummated, are expected to be adhered to, accordingly, the terms set out in the Fontana prospectus, need to be satisfied as far as the allocation of the shares is concerned.
The broker needs to explain to the public if in fact the allocation for the public pool is in keeping with the terms set out on page 14 of the prospectus and if not why not and what will be done to comply with the terms that investors signed on for. It appears that the brokers are trying to unilaterally vary the contract that investors signed on to and they cannot do that.

Filed Under: Feature Stories, Initial Public Offers Tagged With: , , , ,

JSE in big drop on Monday

December 24, 2018 by

The main market of the Jamaica Stock Exchange, suffered a big fall, as the All Jamaican Composite Index dropped 3,740.95 points to 404,701.04 and the JSE Index dived 3,408.43 points to close at 368,728.41 as several securities traded in unusually large volume.
Trading ended with 21,522,449 units valued at $497,625,550 compared to 2,910,367 units valued at $151,839,351 changing hands on Friday.
Carreras led trading for the second consecutive day with 6,065,330 units in accounting for 28 percent of the day’s volume, followed by Jamaica Stock Exchange with 5,063,063 units or 23.5 percent of the overall volume and Sagicor Group with 3,128,470 units or 14.5 percent of volume traded.
A total of 30 securities changed hands in the main and US dollar markets, with prices of 8 rising, 13 declining with 9 remaining unchanged, compared to 32 securities trading on Friday. Barita Investments ended at record high with the price moving to $46.50 at the close after it hit an intraday high of $47.
An average of 768,659 units valued at over $17,772,341, in contrast to 97,012 shares valued at $5,061,312 on Friday. The average volume and value for the month to date, amounts to 189,073 units with a value of $7,264,184, compared to 153,070 units with a value of $8,875,444, previously. November closed, with an average of 405,528 valued at $7,755,942, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 3 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Barita Investments jumped $4.46 and ended at an all-time closing high of $46.50, with an exchange of 12,300 shares, Caribbean Cement lost 55 cents to close at $42, trading 2,655,630 shares, Grace Kennedy lost $1 and ended trading 22,392 shares at $60, Jamaica Broilers lost $1.75 to close at $27.75, in trading 938,678 stock units. JMMB Group lost $1.20 in trading 650,920 shares to close at $32.80. Kingston Wharves gained 50 cents and finished trading 4,524 stock units at $77.50, Mayberry Equities shed 30 cents to close at $9.20, with 250 stocks units changing hands. NCB Financial Group dropped $3.15 in trading 158,893 shares to close at $144, PanJam Investment  declined by $1.80 to $72, with 23,867 stock units changing hands, Sagicor Real Estate Fund fell 50 cents in trading 34,000 shares at $10, Salada Foods  lost $1 and ended trading at $30, with 19,520 stock units. Scotia Group  fell $3.49 at $52.51, with 1,574,855 units changing hands, Stanley Motta traded 51,100 shares and rose 45 cents to close at $5.45 and Supreme Ventures  rose 50 cents and closed at $16 trading 80,900 shares.
Trading in the US dollar market amounted to 48,095 units valued at $9,479 with Productivity Business settling at 58 US cents trading 875 shares and Proven Investments ended trading 47,220 shares at 19 US cents. The JSE USD Equities Index rose 0.08 points to close at 155.04.

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