Calypso Fund drops $2 on TTSE – Monday

Trinidad & Tobago Stock Exchange Head Quarters

Calypso Macro Index Fund suffered another sharp fall of $2 to a 52 weeks’ low of $16 on the Trinidad & Tobago Stock Exchange on Monday but with a mere 10 units changing hands.
The stock which did not trade for a long time lost $2 when it traded for the second time in over a year on the May 23. Elsewhere market activity picked up sharply over the levels on Friday and ended with 738,852 shares valued at $6,383,542 compared to Friday’s trading of 168,587 shares valued at $1,793,714 and ended with 14 securities changing hands versus 13 on Friday, leading to 3 advancing, 6 declining and 5 remaining unchanged.
The Composite Index fell 3.48 points on Monday to 1,238.84, the All T&T Index shed 5.34 points to 1,725.28, while the Cross Listed Index fell 0.21 points to close at 101.16.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 2 stocks ending with higher bids than the last selling prices and 4 with lower offers.
Gains| The price of Clico Investments increased 5 cents to end at $20.20, with 133,823 units, Massy Holdings rose 1 cent and concluded trading at $47.48, with 300 stock units changing hands and West Indian Tobacco closed with a gain of 10 cents at $88.50, with 5,500 stock units changing hands.
Losses| First Citizens closed with a loss of 1 cent and settled at $34.99, after exchanging 202 shares, Guardian Holdings closed with a loss of 68 cents and completed trading at $16.50, after exchanging 1,578 shares, JMMB Group shed 1 cent and concluded at $1.89, with 5,176 stock units changing hands, National Enterprises lost 15 cents, ending at $9.50, with 100 shares trading and Sagicor Financial ended trading 3 cents lower and ended at $7.97, with 121,664 units changing hands.
Firm Trades| Angostura Holdings concluded trading at $15.72, with 1,000 stock units changing hands, First Caribbean International Bank closed trading at $8.85, after exchanging 117,954 shares, Grace Kennedy ended at $3.05, with 351,000 units, Republic Financial Holdings ended at $102.65, with 500 stock units changing hands and Scotiabank completed trading at $65, after exchanging just 45 shares.
Prices of securities trading for the day are those at which the last trade took place.

SOS back in, Lasco Financial out of TOP 10

Stationery & Office Supplies is back in the TOP 10 but could fall in prive this week before moving higher.

A number of companies reported results in the past week, with some in the TOP 10 not getting much help from the new information and some of the top stocks earnings being downgraded, based on new information conveyed by the latest results.
Lasco Financial posted a strong 37 percent rise in profit, from $162 million to $222 million, but with slightly lower March quarter profit of $55 million, from $62 million, based on sharply increased finance cost that rose from $2 million to $14 million, as revenues grew more than 41 percent in the quarter, from $288 million to $405 million. Based on the new numbers, IC Insider.com places earnings for the current fiscal year at 50 cents per share or just around $650 million. The forecast is not enough to keep it in the Top 10 but it remains a solid buy, just below. Replacing Lasco Financial is Stationery and Office Supplies with the price pulling back during the week to close at $8.06. The price looks as if it could fall to the $6.50 region which would make it an even better buy.
All main market stocks remained in the top spots, but earnings for JMMB Group was downgraded following the March results and so too was Berger Paints. Radio Jamaica reported a loss in the March quarter and a loss for the full year, with a portion of the losses coming from one off items. The charge for depreciation and amortization is $255 million for the March 2018 fiscal year, well in excess of the loss reported for the year, resulting in a positive cash flow operation.
At the close of Friday, the average PE ratio for Junior Market Top stocks ended at 6 compared to an average PE for the overall main market of 11, based on 2018 estimated earnings. The main market PE is 7.6 for the top stocks, compared to a market average of 13.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 44 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 41 percent to the market. Investors should keep an eye out for Scotia Group that should release half year results on Wednesday.

JSE trading back to normal – Friday

The volume of stocks trading on the Jamaica Stock Exchange dropped to 4,603,241 units valued at $166,353,769, well down from 170,209,058 units on Thursday valued at $3,113,335,699.
The main trades were Grace Kennedy with 1,462,365 units amounting to 31.77 percent of the day’s volume, followed by Sagicor Group with 1,357,691 units for 29.49 percent of total volume and Wisynco Group with 721,410 units and 15.67 percent of trade.
Market activities resulted in 25 securities trading, compared to 26 on Thursday, in the main and US markets. At the close, 7 securities gained, 10 declined and 8 traded firm and the All Jamaican Composite Index surged 3,607.57 points to 329,083.46 and the JSE Index jumped 3,286.90 points to close at 299,832.21.
Stocks with major price changes are, Caribbean Cement declining $1 to $39, Jamaica Broilers rising $2.81 to $21, Kingston Wharves down 90 cents to end at $46, NCB Financial Group trading at $96 after rising $1, Sagicor Group rallying $1.30 to $38.30 and Scotia Group advancing $1.05 to $51.05
Trading resulted in an average of 200,141 units valued at an average of $7,232,773 for each security traded, in contrast to 7,092,044 units for an average of $129,722,321 on Thursday. May closed with an average of 589,414 shares with a value of $16,532.367, for each security traded.
In the US dollar market, Productivity Business Solution, ordinary share finished trading with a fall of 1 cent, to 62 US cents, with 618 units trading and Proven Investments ended with 13,475 units trading with a loss of 2 cents to 20 US cents. The JSE USD Equities Index lost 9.75 points to close at 171.36
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ended with bids higher than their last selling prices and 3 closing with lower offers.
For more details of market activities see – JSE main market indices jump sharply – Friday.

JSE main market indices jump sharply – Friday

Bulls may be lurching to pounce on Jamaican stocks.

Trading closed on the Jamaica Stock Exchange on Thursday with, the All Jamaican Composite Index leaped 3,607.57 points to 329,083.46 and the JSE Index surged 3,286.90 points to close at 299,832.21.
A total of 23 securities changed hands, resulting in 6 advancing, 9 declining and 8 remaining firm.
Trading on the JSE main market ended with the overall volume and value returning to more normal levels of 4,603,241 units valued at $166,353,769, from the big surge on Thursday when Jamaica Broilers pushed trading 170,209,058 units valued at $3,113,335,699.
In market activity, Berger Paints ended at $19.50, with 1,562 stock units, Carreras gained 10 cents and concluded trading at $10.40, with 57,502 units, Caribbean Cement lost $1 and finished at $39, with 30,882 shares traded, Grace Kennedy fell 65 cents and ended trading at $49, with 1,462,365 shares, Jamaica Broilers recovered $2.81 to close at $21, with 19,907 stock units trading. Jamaica Producers lost 10 cents and finished trading at $16.50, with 80,429 units, Jamaica Stock Exchange closed down 39 cents to end at $7, with 25,500 shares, JMMB Group declined 80 cents and ended at $27, with 20,764 shares, Kingston Properties concluded trading at $6.60, with 200 shares. Kingston Wharves finished at $46 after falling 90 cents, with 3,395 stock units, Mayberry Investments settled at $6.45, with 10,756 units, NCB Financial Group gained $1 to end trading at $96, with 34,277 shares, 138 Student Living settled at $4.68, with a loss of 31 cents trading 100 units, PanJam Investment closed at $45, with 69,332 stock units. Radio Jamaica finished at $1.25, after falling 3 cents with 25,100 shares, Sagicor Group added 20 cents and settled at $38.50, with 1,357,691 shares and Sagicor Real Estate Fund rose 30 cents and finished at $14.30, with 7,998 units. Scotia Group climbed $1.05 in trading 422,278 stock units to close at $51.05, Supreme Ventures closed at $13, exchanging 94,024 shares. Victoria Mutual Investments ended at $4, with 50,009 shares and Wisynco Group concluded trading with a rise of 5 cents to close at $10, in the exchange of 721,410 stock units. In the main market preference segment, JMMB Group 7.25% concluded trading at $1.50, with 1,000 shares and JMMB Group finished at $1, with 106,760 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 “JSE back to normal  – Friday.”

9 Junior stocks rise 9 fall on Friday

Main Event ended at a 52 weeks’ closing high on friday of $8.

Trading on the Junior Market of the Jamaica Stock Exchange resulted in an exchange of 3,931,183 units valued at $15,372,700, compared to 2,550,756 units valued at $11,503,215 on Thursday.
At the close of market activities 23 securities changed hands compared to 23 on Thursday. Trading ended on Friday with the prices of 9 securities rising, 9 falling and 5 remaining unchanged leading the Junior Market Index gained 15.47 points to close at 2,965.34.
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 7 with lower offers.
Market activity ended with an average of 170,921 units for an average of $668,378 in contrast to 110,902 units for an average of $500,140 on Thursday. May closed with an average of 217,589 units valued at $1,322,452 for each security traded.
At the close of the market, Access Financial closed at $48, with 1,156 shares trading, AMG Packaging ended 10 cents higher at $2.10, with 1,786 stock units, Cargo Handlers settled with a loss of 50 cents at $9.50, trading 611 shares, Caribbean Producers finished trading 45 cents higher at $5.25, with 102,100 units, Consolidated Bakeries jumped 50 cents to close at $2.50, with 40,000 shares. Derrimon Trading rose 15 cents to end at $9.15, with 6,769 shares, Elite Diagnostic settled with a loss of 2 cents at $3.13, with 61,939 units, Eppley ended trading with a loss of $2.04 at $8.14, while exchnaging 3,000 shares, Express Catering traded 65 cents higher at $6.75, with 18,900 shares. FosRich Group finished trading with a loss of 1 cent at $2.58, with 11,017 shares changing hands, General Accident closed with a loss of 6 cents at $3.39, with 979,394 stock units trading, GWest Corporation ended with a loss of 4 cents at $2.11, with 11,755 units, Iron Rock finished at $3.05, with 32,000 shares. Jamaican Teas ended trading at $4.80, exchanging 167,054 stock units, Jetcon Corporation traded 5 cents higher at $4.10, with 35,500 units, Lasco Distributors concluded trading with a loss of 4 cents at $4, as 2,106,900 shares changed hands, Lasco Financial finished with a loss of 5 cents at $5.20, with 21,690 units. Lasco Manufacturing settled with a rise of 5 cents to $4, trading 266,500 shares, Main Event traded 65 cents higher to end at a 52 weeks’ closing high of $8, with 9,962 shares, Medical Disposables traded with a loss of 22 cents at $4.30, with 5,000 shares, Stationery and Office closed 6 cents higher at $8.06, with 14,152 units and tTech concluded trading with a loss of 70 cents at $5.30, trading 10,000 shares. In the junior market preference segment, Eppley 8.75% settled at $6, with 23,998 shares changed hands.
Prices of securities trading for the day are those at which the last trade took place.

TTSE trading inched higher – Friday

Scotiabank jumped 72 cents to $65 on the TTSE on friday.

The Trinidad & Tobago Stock Exchange closed on Friday with 168,587 shares valued at $1,793,714 compared to Tuesday’s trading with 117,323 shares valued at $1,121,005.
Market activity, ended with 13 securities changing hands against 12 on Tuesday leading to 2 advancing, 4 declining and 7 remaining unchanged. The Composite Index fell 4.78 points on Friday to 1,242.32, the All T&T Index added 2.08 points to 1,730.62, while the Cross Listed Index fell 1.62 points to close at 101.37.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 3 stocks ending with higher bids than the last selling prices and 5 with lower offers.
Gains| Republic Financial Holdings concluded trading with a gain of 2 cents completed trading at $102.65, with 357 stock units changing hands and Scotiabank jumped 72 cents to close at $65 after exchanging just 47 shares.
Losses| Angostura Holdings fell 3 cents to $15.72 and completed trading with 5,266 stock units changing hands, Massy Holdings lost 3 cents and completed trading at $47.47, with 60 stock units changing hands, NCB Financial Group fell 23 cents to end at $5.27, after exchanging 200 shares and Trinidad Cement closed at $3 with a loss of 5 cents, after exchanging 28,985 shares.
Firm Traded| At the close of trading, Clico Investments ended at $20.15 settled at $20.15, with 31,148 units, First Citizens ended at $35.00, after exchanging 4,573 shares, Grace Kennedy settled at $3.05, with 21,210 units trading, One Caribbean Media completed trading at $12.35, with 3,500 stock units changing hands, Point Lisas settled at $3.81, with 2,375 units, Sagicor Financial concluded trading at $8, with 65,690 units and Trinidad & Tobago NGL settled at $29.05, with 5,176 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Jamaica Broilers in share buy back

Jamaica Broilers Group (JBG) has effectively bought back just over 165 million units of its issued shares in a deal that was funded by the group and placed in a shareholders’ trust.
The Company advised the Jamaica Stock Exchange that it entered into an Agreement prior to the 28th day of April, 2018 to lend to JBG Stockholders Nominee Limited (“the Shareholder Trust”) a sum not exceeding J$4.35 billion. A portion of the loan was used to purchase a total of 165,452,446 shares. This block of shares was held by family branches of one of the Founders of the Company and the trustees and entities connected to them; none of whom are currently involved in the management of the Company. The block does not involve shares held by the Chairman Robert Levy and President Christopher Levy who still maintain their shareholdings.
The block of shares were traded on the stock exchange on Thursday. According to the report released by the company, the directors of JBGL saw this as an opportunity to provide a substantial benefit to the shareholders of the Company. Accordingly, the Directors of the Company approved the loan to the Shareholder Trust to purchase the available Company shares.
The Shareholders Trust will hold the shares purchased, and all benefits derived will be for the benefit of all shareholders of the Company. The Shareholders Trust will service the aforesaid loan from dividends and/or distributions paid upon the shares and from the proceeds of the sale of the shares.

JSE main market in recovery mode – Thursday

Jamaica Broilers dropped $3.81 on Thursday.

Trading closed on the Jamaica Stock Exchange on Thursday with, the All Jamaican Composite Index rising 1,297.53 points to 325,475.89 and the JSE Index gaining 1,182.20 points to close at 296,545.31.
A total of 24 securities changed hands, resulting in 10 advancing, 4 declining and 10 remaining firm.
Trading on the JSE main market ended with the overall volume and value surging normal levels with 170,209,058 units valued at $3,113,335,699 changed hands.
In market activity Carreras rose 49 cents and concluded trading at $10.50, with 53,990 units, Caribbean Cement jumped $1.95 to finish at $40, with 290,000 shares, Grace Kennedy ended trading at $49.65, with 615 shares, Jamaica Broilers dived $3.81 in trading 169,101,565 stock units to close at $18.19, Jamaica Producers gained 35 cents and finished trading at $16.60, with 55,264 units. JMMB Group ended at $27.80 after falling 20 cents, with 32,827 shares, Kingston Wharves climbed $1.90 to end at $46.90, with 8,237 stock units, Mayberry Investments added 35 cents to settle at $6.45, with 16,539 units, NCB Financial Group ended trading at $95 after rising $1, with 30,897 shares changing hands. 1834 Investments traded at $1.16, with 45,000 shares, 138 Student Living lost 10 cents to end at $4.99, with 229 units, PanJam Investment closed at $45, with 16,005 stock units, Portland JSX rose 25 cents and ended at $9.50, with 3,000 units, Radio Jamaica finished at $1.28, with 54,000 shares. Sagicor Group rallied $1.30 to settle at $38.30, with 113,627 shares changing hands, Sagicor Real Estate Fund settled at $14, with 16,082 shares, Salada Foods ended trading at $14, with 35,962 stock units, Scotia Group dropped $1.53 in closing trading at $50, with 102,271 units, Sterling Investments closed at $12.80, with 455 shares. Supreme Ventures ended with a gain of 20 to end at $13, with 30,505 shares, Victoria Mutual Investments concluded trading at $4, with 37,052 stock units, Wisynco Group finished at $9.95 having risen 25 cents, with 162,964 units. In the main market preference segment, Jamaica Money Market 7.5% traded at $2, with 972 stock units, Productivity Business 9.75% lost $2 in trading 1,000 shares at $103.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Jamaica Broiler grabs 99% of trade – Thursday.”

Jamaica Broilers grabs 99% of trade – Thursday

Jamaica Broilers traded 169,101,565 units accounting for 99.35 percent of the overall volume of 170,209,058 units on Thursday valued at $3,113,335,699 that traded on the Jamaica Stock Exchange.
On Wednesday the market closed with 2,629,595 units valued at $48,019,325. Market activities resulted in 26 securities trading, compared to 24 on Wednesday, in the main and US markets. The market recovered some of the grounds lost on the previous days as advancing stocks had the upper hand over declining stocks. At the close of market activity, 11 securities gained, 5 declined and 8 traded firm.
the All Jamaican Composite Index rose 1,297.53 points to 325,475.89 and the JSE Index climbed 1,182.20 points to close at 296,545.31.
Stocks with major price changes are, Caribbean Cement rising $1.95 to $40, Jamaica Broilers down $3.81 to $18.19, Kingston Wharves up $1.90 to end at $46.90, NCB Financial Group trading at $95 after rising $1, Sagicor Group rallying $1.30 to $38.30 and Scotia Group declining $1.53 to $50. Productivity Business Solutions, preference share lost $2 to end at $103.
Trading resulted in an average of 7,092,044 units valued at an average of $129,722,321 for each security traded, in contrast to 114,330 units for an average of $2,087,797 on Wednesday. The average for the month to date is 589,414 shares with a value of $16,532.367, previously 307,202 shares with a value of $11,110,094. In contrast, April closed with an average of 708,206 shares with a value of $6,395,518 for each security traded.
In the US dollar market, Productivity Business Solutions, ordinary share finished trading with a fall of 1 cent, to 61 US cents, with 1,512 units trading and Proven Investments ended with 12,550 units trading with the rise of 1 cents to 23 US cents. The JSE USD Equities Index rose 7.33 points to close at 181.11.
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 just 4 closing with lower offers.
For more details of market activities see – JSE main market in recovery mode – Thursday.
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More Junior stocks less volume trade

Trading on the Junior Market of the Jamaica Stock Exchange resulted in an exchange of 2,550,756 units valued at $11,503,215 compared to 3,694,880 units valued at $16,175,190 on Wednesday.
At the close of market activities 23 securities changed hands compared to 20 on Wednesday. Trading ended on Thursday with the prices of 11 securities rising, 9 falling and 3 remaining unchanged leading the Junior Market Index to inched 4.32 points higher to close at 2,949.87.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ending with bids higher than their last selling prices and 4 with lower offers.
Market activity ended with an average of 110,902 units for an average of $500,140 in contrast to 184,744 units for an average of $808,760 on Wednesday. The average volume and value for the month to date amounts to 217,589 units valued at $1,322,452 and previously 222,712 units with an average value of $1,322,452. April closed with an average of 121,622 units at $506,803, for each security traded.
At the close of the market, Access Financial closed trading after rising $1.90 t0 $48, with 230 shares, CAC 2000 finished with a loss of 2 cents at $8.97 in exchanging 5,623 shares, Caribbean Cream ended trading with a loss of 5 cents at $5.70, with 1,015 shares changing hands, Caribbean Producers fell 15 cents to close $4.80, trading 46,626 units, Consolidated Bakeries closed with a gain of 10 cents at $2, exchanging 365,475 shares. Dolphin Cove climbed 49 cents and concluded trading at $17.99, with and exchange of 2,783 units, Eppley settled at $10.18, with 125 units, Express Catering ended trading 7 cents higher at a 52 weeks’ high of $6.10, with 281,850 shares, FosRich Group traded 7,480 shares and rose 9 cents to end at $2.59, GWest Corporation gained 3 cents to closed at $2.15, with 9,690 stock units changing hands. Honey Bun ended with a loss of 5 cents at $4.75, exchanging 42,800 units, Jamaican Teas settled 20 cents higher at $4.80, with 996,091 shares trading, Jetcon Corporation ended trading with 24,278 stock units exchanged, after rising 5 cents to $4.05, KLE Group finished trading 50 cents higher at $3, with 7,466 shares. Knutsford Express closed at $12.50, with 671 shares, Lasco Distributors ended with a loss of 6 cents at $4.04, after 384,910 shares traded, Lasco Financial concluded trading and gained 5 cents to $5.25, with 28,264 stock units, Lasco Manufacturing fell 25 cents to close at $3.95, with 159,483 units traded. Main Event settled with a loss of 35 cents at $7.35, with 33,031 shares after trading at a 52 weeks’ high of $8.10, Medical Disposables ended trading 2 cents higher at $4.52, with 21,000 shares, Stationery and Office closed with a loss of 12 cents at $8, after 13,397 stock units changed hands and tTech ended with a loss of 10 cents at $6, while 113,585 shares traded. In the junior market preference segment, Eppley 9.5% settled at $6, with 4,883 shares that changed hands.
Prices of securities trading for the day are those at which the last trade took place.