Trading in the main market of the Jamaica Stock Exchange closed on Monday with main indices rising as 24 securities changed hands and with 2 trading in the US dollar market. At the close, 8 stocks advanced and 6 declined with very low level of trading.
Trading in the main market ended at 836,055 units valued at $14,784,987 compared to 4,417,748 units valued at $73,092,399 at the close on Friday. Trading in the US dollar market accounted for 6,430 units valued at US$6,926.
The All Jamaica Composite Index advanced 922.05 points to close at 258,211.03, the JSE Market Index rose 840.09 points to finish at 235,259.48 and the JSE US dollar market index closed unchanged at 215.59.
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 2 with lower offers.
The main market ended trading with an average of 34,836 units valued at $616,041 per security traded, compared to an average of 152,336 units valued at $2,520,428 on Tuesday. The average volume and value for the month to date ended at 374,915 units with an average value of $5,236,889 compared with an average of 392,814 units with an average value of $5,480,092 on the previous trading day. The average volume and value for April ended at 382,748 units with an average value of $5,254,387.
In market activity, Berger Paints closed at $20, gaining $1 while exchanging 49,814 shares, Cable and Wireless closed at $1.30, with 268,988 shares changing hands, Caribbean Cement traded 25 cents lower to close at $28 with 17,316 shares. Carreras closed at $80, with 10,397 shares changing hands and closed with the bid at $81, Grace Kennedy closed at $41 trading 49,831 units, Jamaica Broilers traded 23,833 shares at $18, Jamaica Producers gained 1 cent to close at $16.01, with trades of 22,355 shares, Jamaica Stock Exchange closed at $7.30, with gains of 30 cents while trading 1,602 shares. JMMB Group lost 20 cents to close at $19.80 with 20,100 units, Kingston Wharves gained $1.50 to close at $32, with 7,444 units trading, Mayberry Investments traded 40,050 shares at $4.90, with a loss of 40 cents. NCB Financial Group closed at $71 after gaining 1 cent in exchanging 61,352 shares, 1834 Investments closed at $1.40, with 25,232 shares changing owners, 138 Student Living exchanged 43,375 shares at $4.49, PanJam Investment closed at $35.50, losing 12 cents trading 65,096 shares. Pulse Investments traded 10,614 shares at $14.50, Radio Jamaica gained 5 cents to close at $1.70, with trades of 18,582 shares, Sagicor Group added 48 cents to close at $33.50 exchanging 14,500 shares, Sagicor Real Estate Fund lost 20 cents, closing at $10.60, with 9,981 units changing hands. Salada Foods closed at $8.50 trading 4,000 shares, Scotia Group closed at $42, with an exchange of 1,700 units, Sterling Investments closed at $15.50 trading 30,000 shares, Supreme Ventures lost 24 cents to close at $7.25 exchanging 10,893 shares. Proven Investments 8.25% preference share traded 29,000 units and rose 79 cents to $6, Proven Investments ordinary shares closed at 29 US cents, with 330 shares and JMMB Group USD 6% preference share gained 0.01 US cent to close at US$1.12, with 6,100 units changing hands.
Only 2 price changes on Trinidad Stock Exchange
Trading on the Trinidad & Tobago Stock Exchange on Monday, was muted with the price of just 2 securities changing, one closed at a 52 weeks’ high. There were no declining stocks while 11 closed unchanged.
At the close 13 securities changed hands, leading to 224,838 shares exchanged at a value of $1,570,480 compared to 12 securities trading on Friday, with 761,387 shares valued at $3,029,637. The Composite Index rose 0.18 points to 1,214.29, the All T&T Index gained 0.05 points to 1,793.45 and the Cross Listed Index was up 0.04 points to close at 85.13.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Guardian Holdings added 1 cents to end at a 52 weeks’ closing high of $16.03 while exchanging 10,000 shares and Scotia Investments traded 12,552 shares at $2.50.
Firm Trades| Angostura Holdings held firm at $15 trading 400 shares, Berger Paints closed at $4.05 with trades of 100 shares, Clico Investment closed at $22.51 exchanging 14,758 shares valued at $332,055. First Citizens traded 1,230 shares at $31.85, JMMB Group traded 35,000 shares at $1.27. Massy Holdings closed at $51.45 trading only 65 shares, National Enterprises exchanged 200 shares at $10.50, Jamaica’s NCB Financial Group closed at $3.95 with an exchange of 102,000 shares valued at $402,900. Praetorian Property Mutual Fund traded 100 units to close at $3.02, Readymix closed at $11 with trades of 46,873 shares valued at $515,703 and Trinidad & Tobago NGL held firm at $20.75 trading 1,560 shares.
TTSE turns positive on Friday
Trading on the Trinidad & Tobago Stock Exchange on Friday resulted in a turnaround in the fortunes of the exchange with the market indices breaking the 6 days losing streak as 12 securities changing hands compared to 14 on Thursday with 6 stocks rising and no declines.
The market closed with 761,387 shares exchanged at a value of $3,029,637 up from Thursday’s 128,271 units valued at $1,640,227.
The Composite Index rose 0.47 points to 1,214.11, the All T&T Index gained 0.36 points to 1,793.40 and the Cross Listed Index was up 0.08 points to close at 85.09.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Grace Kennedy gained 4 cents to close at $2.85 exchanging 19,137 shares, Guardian Holdings closed at $16.02, with gains of 2 cents trading 4,302 shares, Point Lisas closed at a 52 weeks’ high of $4.05, gaining 5 cents with 480 shares changing hands. Sagicor Financial gained 1 cent to close at $8.99, with an exchange of 5,000 shares, Scotiabank traded 1 cent higher, closing at $58.01 with trades of 3,921 shares and Trinidad & Tobago NGL gained 14 cents and closed at $20.75, with 3,346 shares trading.
Firm Trades| Angostura Holdings held firm at $15 trading 5,000 shares, Ansa Merchant Bank exchanged 8,000 shares at $40 valued at $320,000, Clico Investment closed at $22.51 exchanging 2,583 shares. First Caribbean International traded 21,000 shares at $7.75, JMMB Group closed at $1.27, with an exchange of 288,168 shares valued at $366,549 and NCB Financial Group traded 400,000 shares valued at $1,580,000 at $3.95.
8 straight days of weakness on TTSE
Prices remained under pressure on Thursday on the Trinidad & Tobago Stock Exchange, continuing a negative trend since Thursday May 18. At the close on Thursday 5 stocks declined, 1 advanced and 8 were unchanged with a total of 14 securities changing hands compared to 19 on Wednesday.
The Composite Index lost 1.30 points to 1,213.64, the All T&T Index fell 1.75 points to 1,793.04 and the Cross Listed Index was down 0.11 points to close at 85.01. Trading closed with on. A total of 128,271 shares were traded at a value of $1,640,227 compared to Wednesday’s 328,366 shares valued at $8,363,330.04.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Clico Investment was the sole stock rising as it just squeezed a gain of 1 cent to close at $22.51 with 9,000 shares trading.
Losses| Trinidad & Tobago NGL (TTNGL) loss a further 52 cents on top of the 66 cents fall, closing at $20.61 with 659 shares. The stock was trading at $22.50 at the start of the month, falling to $22 on May 17, the same day that the Board of Directors of sanctioned the additional sale of the shares by its majority shareholder.
JMMB Group lost 1 cent, closing at $1.27 exchanging 4,280 shares, NCB Financial Group traded 5 cent lower to close at $3.95, with 52,000 shares changing hands, Sagicor Financial closed at $8.98, losing 1 cent trading 2,000 shares and West Indian Tobacco lost 4 cents to close at $126.40, with 294 shares changing hands.
Firm Trades| First Citizens held firm at $31.85 trading 27,593 shares valued at $878,837, First Caribbean International exchanged 15,100 shares at $7.75, Guardian Holdings traded 5,801 shares at $16, and National Enterprises closed at $10.50, with an exchange of 2,402 shares. Prestige Holdingsclosed at $10.90, with 100 shares being traded, Readymix held firm at $11, with 1,251 shares changing hands, Scotia Investments traded 2,350 shares at $2.45 and Trinidad Cement closed at $4.20 trading 5,441 shares.
JSE main market retreats on Wednesday
Trading in the main market of the Jamaica Stock Exchange closed on Wednesday with 26 securities changing hands with 1 trading in the US dollar market. At the close, 8 stocks advanced and 12 declined.
Trading levels in the main market ended at 1,213,938 units valued at $26,942,858 compared to 2,049,349 units valued at $29,749,255 at the close on Monday. Trading in the US dollar market accounted for 8,950 units valued at US$2,551.
The All Jamaica Composite Index declined 1252.85 points to close at 258,351.92 the JSE Market Index dropped 1,141.49 points to finish at 235,387.85 and the JSE US dollar market index advanced 11.73 points to close at 217.92.
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 1 with a lower offer.
The main market ended trading with an average of 46,690 units valued at $1,036,264 per security traded, compared to an average of 81,974 units valued at $1,189,970 on Monday. The average volume and value for the month to date ended at 426,916 units with an average value of $5,892,603 compared with an average of 450,680 units and $6,196,124 on the previous trading day. The average volume and value for April ended at 382,748 units with an average value of $5,254,387.
In market activity, Berger Paints traded 9,963 shares at $19, Cable and Wireless closed at $1.35, with a loss of 2 cents exchanging 21,085 shares and Caribbean Cement traded 50 cents higher to close at $28.50 with trades of 84,386 units. Carreras exchanged 7,452 shares at $83, Grace Kennedy closed at $43, gaining 1 cent with trades of 55,130 units, Jamaica Broilers closed at $19.50, with gains of 95 cents, after 42,750 shares changed hands, Jamaica Producers gained 1 cent to close at $16, with an exchange of 38,937 shares and Jamaica Stock Exchange lost 4 cents to close at $7.50 trading 3,917 shares. JMMB Group closed at $19.99, losing 2 cents with trades of 20,721 units, Kingston Properties traded for the first time after last week’s 2 for 1 stock split and jumped $1.70 to close at a new record high of $10 exchanging 7,820 shares, Kingston Wharves fell $2.10 to close at $29.40, with an exchange of 11,200 units, Mayberry Investments gained $1.12 to close at $5.30, with 200 shares changing hands, NCB Financial Group closed at $71.50, losing 50 cents after trading 13,881 shares, 1834 Investments gained 1 cent to close at $1.46, with trades of 2,800 shares, 138 Student Living exchanged 32,606 shares at $4.49, PanJam Investment closed at $35.50, with a loss of 11 cents exchanging 14,745 shares. Radio Jamaica closed at $1.72, gaining 7 cents trading 10,616 shares, Sagicor Group closed at $32.50 with trades of 431,201 shares, Sagicor Real Estate fund closed at $10.65, losing 64 cents exchanging 10,599 units, Scotia Group closed at $42.10, with a loss of $1.20 trading 28,989 units, Scotia Investments traded 5,193 shares at $37.50, after losing 35 cents, Seprod dropped $4 to close at $30 exchanging 27,802 shares, strong>Sterling Investments traded 10,400 shares at $16.90 and Supreme Ventures lost 49 cents to close at $7, with trades of 75,850 shares. Proven Investments closed at 29 US cents trading 8,950 ordinary shares and JMMB Group 7.50% preference closed at $1.10 with trades of 243,195 units.
Government selling more shares
Trinidad & Tobago NGL’s stock price fell 86 cents to $21.13 on the Trinidad & Tobago stock Exchange on Wednesday. This comes on the heels of the Government of the Republic of Trinidad and Tobago’s intent to make an offer for an additional sale of 40,248,000 shares by National Gas Company.
The market saw trading in 19 securities compared to 17 on Tuesday with 2 stocks advancing, 4 declining and 13 remaining unchanged. A total of 328,366 shares changed hands valued at $8,363,330 compared to Tuesday’s 449,650 shares valued at $12,647,675.
The Composite Index fell 1.90 points to 1,214.94, the All T&T Index declined 2.76 points to 1,794.79 and the Cross Listed Index was down 0.14 points to close at 85.12.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 2 stocks with bids higher than last selling prices and 8 with lower offers.
Gains| JMMB Group closed at $1.28, with a 1 cent gain trading 21,142 shares and NCB Financial Group gained 5 cents to close at $4, exchanging 148,884 shares valued at $591,330.
Losses| Ansa McAL closed at $66, with a loss of 39 cents exchanging 1,425 shares, Clico Investment lost 1 cent, closing at $22.50, with an exchange of 50,615 shares valued at $1,138,945, Scotia Investments traded 23 cents lower to close at $2.45 with 650 shares changing hands and Trinidad & Tobago NGL exchanged 7,609 shares at $21.13, after losing 86 cents.
Firm Trades| Angostura Holdings traded 1,400 shares at $15, Ansa Merchant Bank closed at $40, with an exchange of 2,171 shares, First Citizens remained at $31.85 trading 1,000 shares, First Caribbean International exchanged 7,223 shares at $7.75. Guardian Holdings traded 6,479 shares at $16, Massy Holdings held firm at $51.45 exchanging 1,300 shares, National Enterprises closed at $10.50, with an exchange of 14,718 shares, Prestige Holdingsclosed at $10.90, with trades of just 5 shares. Readymix was unchanged at $11, with 1,345 shares changing hands, Republic Financial Holdings traded 56,190 shares at $101.92 valued at $5,726,885, Sagicor Financial closed at $8.99 exchanging 2,000 shares, Scotiabank remained at $58, with trades of 926 shares and Trinidad Cement held firm trading 3,284 shares at $4.20 .
9 shares fall 2 rise on TTSE
Declining stocks dominated trading on the Trinidad & Tobago Stock Exchange on Tuesday with 9 declining and just 2 stocks advancing while 6 remained unchanged, as 17 securities changed hands compared to 13 on Monday. Overall 417,217 shares traded valued at $11,971,869 compared to Monday’s 2,083,671 shares valued at $22,380,356.
The Composite Index lost 1.89 points to 1,216.84, the All T&T Index fell 0.97 points to 1,797.55 and the Cross Listed Index lost 0.39 points to close at 85.26.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| Clico Investment rose 1 cent to close at $22.51, in trading 32,433 shares with a value of $729,806 and Republic Financial Holdings rose 7 cents to close at $10.92 in exchange of 48,997 shares valued at $4,778,128.
Losses| Angostura Holdings shed 1 cent and closed at $15 with 6,567 shares, changing hands, JMMB Group lost 3 cents to close at $1.27, trading 5,395 shares. Massy Holdings lost 3 cents to end at $51.45, with an exchange of 3,710 shares, National Flour fell 5 cents to close at $2.35 with 1,700 units changing hands, NCB Financial Group traded 16,195 shares at $3.95 after falling 5 cents, One Caribbean Media fell 60 cents in trading 221 shares at $16, Sagicor Financial traded 1 cent lower to close at $8.99, trading 40,545 shares valued at $364,500, Scotia Investments lost 1 cent to close at $2.68, with 12,000 changing hands and West Indian Tobacco closed at $126.44, with a loss of 4 cents trading 420 shares.
Firm Trades| First Citizens closed at $31.85 with 124,718 shares valued at $3,972,270 exchanged, Guardian Holdings closed at $16, trading 140,026 shares valued at $2,240,416, National Enterprises closed at $10.50, in exchanging 500 shares and Scotiabank held firm at $58, with 1,493 shares trading, Trinidad & Tobago NGL closed at $21.99, with an exchange of 50 shares and Trinidad Cement traded 16,780 shares at $4.20.