Grace pulls back $10.20 to $44.80 – Thursday

March 8, 2018 by

Grace Kennedy gave back most to Wednesday’s gains.

Grace Kennedy jumped $10.99 on Wednesday but dropped back $10.20 to close at $44.80, with just 49,690 units changing hands with an average trading price of $44.78, at the close, the lowest offer was at $52 to sell 100,000 units.
Main market activity ended with 25 securities changing hands, with 11 securities rising, 10 falling, 4 trading firm on Thursday. Trading closed with 4,885,315 units valued at $99,343,789.
At the close of trading, the JSE All Jamaican Composite Index lost 2,096.36 points to 319,004.76 and the JSE Index declined by 1,910.02 points to 290,649.40.
In main market activity, Berger Paints ended with a loss of 45 cents at $17.50, with 7,524 stock units traded, Carreras finished at $10.95, with 73,489 shares, Caribbean Cement settled $1.50 higher at $35, with 621,412 shares, Ciboney Group ended trading with a loss of 1 cent at 11 cents, with 215,154 shares, Grace Kennedy traded with a loss of $10.20 at $44.80, with 49,690 stock units. Jamaica Broilers finished trading 2 cents higher at $19, with 58,116 units, Jamaica Producers closed $1.99 down to $15, with 5,529 shares trading, Jamaica Stock Exchange ended with a loss of 21 cents at $6.50, with 14,000 shares, JMMB Group concluded trading with a loss of 4 cents at $26.45, with 194,170 shares. Kingston Wharves settled with a loss of $1.38 at $38.62, with 15,936 units, Mayberry Investments ended trading at $5.35, with 3,250 shares, NCB Financial Group traded 50 cents higher at $99.50, with 134,798 shares, 1834 Investments finished trading with a loss of 3 cents to close at a 52 weeks’ low of $1.12, with 17,000 shares. 138 Student Living ended with a loss of 10 cents at $5.40, with 5,000 shares changing hands, Palace Amusement closed at $560, with 150 stock units and ended with the bid at $635 to buy 150 units. PanJam Investment gained 44 cents to end at $41.95, with 12,400 units, Radio Jamaica rose 1 cent to $1.08, with 16,900 shares, Sagicor Group ended trading with a loss of 63 cents at $36.50, with 610,999 stock units, Sagicor Real Estate Fund ended trading 24 cents higher at $16.99, with 500,436 shares, Salada Foods traded $1.55 higher at $12.05, with 250 units, Scotia Group added 75 cents and closed at $52, with 92,613 shares, Seprod closed at $32, with 165 shares, Supreme Ventures concluded trading 15 cents higher at $11.85, with 46,246 stock units. Victoria Mutual Investments finished 8 cents higher at $4.58, with 754,989 units and Wisynco Group settled 12 cents higher at $10.72, with 1,435,099 shares 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 pulls back – Thursday.”

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Junior Market makes modest gains – Thursday

March 8, 2018 by

The Junior Market of the Jamaica Stock Exchange index, gained 6.10 points to close at 2,916.90 on Thursday, with 25 securities changing hands, compared to 21 trading on Wednesday.
Market activity resulted in the prices of 9 securities advancing, 9 declining and 7 remaining unchanged, from an exchange of 1,521,188 units valued at $6,228,409 versus 3,531,852 units valued at $15,298,043 on Wednesday.
Trading ended with an average of 60,848 units for an average of $249,136 compared to an average of 168,183 units for an average of $728,478 on Wednesday. The average volume and value for the month to date, amounts to 108,678 units at $446,755, compared to an average of 118,898 units at $488,981 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 8 stocks ending with the bid higher than the last selling price and 3 with lower offers.
At the close of the market, AMG Packaging ended 5 cents higher at $2.05, with 259,390 stock units, Blue Power concluded trading at $33.01, with 500 units, CAC 2000 finished with a loss of 19 cents at $8.51, with 6,739 shares, Caribbean Cream ended trading with a loss of 5 cents at $6, after 9,700 shares were exchanged, Caribbean Flavours traded 6 cents higher at $10.06, with 4,000 stock units. Caribbean Producers finished trading at $4.62, with 16,785 units, C2W Music ended at 45 cents, with 3,000 shares trading, Derrimon Trading closed at $7.50, with 50,729 shares changing hands, Dolphin Cove finished $1.90 higher at $18, with 4,700 stock units. Elite Diagnostic settled at $2.92, with 293,553 units, Eppley ended trading with a loss of 50 cents at $9.50, with 900 shares, Express Catering traded with a loss of 5 cents at $4.85, with 30,913 shares, FosRich Group finished trading 5 cents higher at $2.75, with 40,706 shares. Honey Bun concluded trading as the price rose 45 cents to $4.85, with just 100 shares, Jamaican Teas ended trading with a loss of 5 cents at $4.75, after exchanging 17,773 stock units, Jetcon Corporation traded with a loss of 40 cents to close at $4.15, with 295,302 units, Knutsford Express ended with a loss of 1 cent at $14, trading 2,655 shares. Lasco Distributors closed 15 cents higher at $4.20, with 61,807 stock units, Lasco Financial added 30 cents to end at $5, with 116,000 units, Lasco Manufacturing settled with a loss of 25 cents at $4, trading 35,881 shares, Main Event ended trading at $5.81, with 655 shares. Medical Disposables traded 5 cents higher at $4.90, with 8,500 shares, Paramount Trading finished trading 1 cent higher at $3.16, with 1,000 stock units, Stationery and Office closed at $5.50, with 243,930 units and tTech concluded trading with a loss of 45 cents at $5.55, after 15,970 shares changed hands.
Prices of securities trading for the day are those at which the last trade took place.

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3 up 3 down on TTSE on Thursday

March 8, 2018 by

Market activity on the Trinidad & Tobago Stock Exchange on Thursday ended with 16 securities trading up from 19 on Wednesday. The market closed with 501,264 shares valued at $7,417,872 trading, compared to 537,535 shares valued at $2,193,469 on Wednesday.
The market closed with the prices of 3 stocks rising, 3 declining and 10 remaining unchanged. At close, the Composite Index gained 1.41 points on Thursday to 1,267.80, the All T&T Index closed with a fall 3.76 points to 1,694.78, while the Cross Listed Index rose 0.14 points to close at 113.48.
IC bid-offer Indicator| At the end of trading, on Thursday, the Investor’s Choice bid-offer indicator reading shows 4 stocks with bids lower than their last selling prices and 4 with lower offers.
Gains| First Citizens concluded trading and rose 1 cent and ended at $32.16, trading 9,860 shares, NCB Financial Group added 4 cents and closed at $6.57, trading 48,363 shares and Trinidad & Tobago NGL increased 1 cent to end at $27.51, with 5,263 shares changing hands.
Losses| Grace Kennedy closed with a loss of 1 cent at $3.34, with 4,000 units traded, Trinidad Cement closed down 49 cents and completed trading at a 52 weeks’ low of $3.01, with 4,000 stock units changing hands and West Indian Tobacco shed 5 cents and concluded trading at $88.50, with 56,757 shares.
Firm Traded| Ansa Merchant concluded trading at $40, in exchanging 460 shares, Clico Investments settled at $20.10, with 1,200 units, JMMB Group completed market activity at $2, with 306,004 stock units changing hands, LJ Williams B share ended at 75 cents, trading 5,000 units, Massy Holdings closed at $47.50, exchanging 2,255 stock units. One Caribbean Media completed trading at $12.47, with 1,000 stock units changing hands, Point Lisas settled at $3.81, with 757 units, Republic Financial Holdings ended trading at $101.52, with 3,512 stock units changing hands, Sagicor Financial settled at $7.85, with 51,279 units and Unilever Caribbean ended at $30, with 1,554 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

 

 

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Sagicor Group profit up 7%

March 8, 2018 by

Sagicor Group profit climbed just 7% for 2017.

Sagicor Group recorded improved net profit of $12 billion for the year ended December 2017, rising by just 7 percent from $11.26 billion for the same period in 2016 and ending with earnings per share of $3.11.
Net operating revenues, rose 18 percent to $70.4 billion from $59.7 billion in 2016 but net movement in actuarial liabilities rose sharply from $4.8 billion to $10.7 billion while other operating expenses climbed from $20.15 billion to $24.59 with provision for credit losses turning a gain of $150 million in 2016 to a write off of $711 million in 2017. The tax charge for 2017 was flat with 2016 at $2.9 billion.
At the end of September, profit was $9.08 billion versus $7.39 billion in 2016 resulting in earnings in the fourth quarter being down on the $3.4 billion reported at September.
Total Comprehensive Income, attributable to stockholders amounted to $17.8 billion up from $15 billion in 2016.
Sagicor closed trading on Wednesday at $37.13 on the Jamaica Stock Exchange.

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Lower profit for Trinidad’s Scotiabank

March 8, 2018 by

Scotiabank of Trinidad and Tobago reported profit after taxation of TT$148 million with earnings per share of 83.8 cents for the quarter to January 2018, with a fall of TT$23 million or 13 percent compared to the 2017 period.
This reduction in profitability was driven by higher levels of loan loss provisioning combined with the increased corporation tax rate of 35 percent both of which are by products of n economy in recession for some time.
The bank enjoyed return on equity of 15.05 percent and return on assets of 2.44 percent. Revenue, comprising of Net Interest and Other Income of TT$445 million for the period to January, was flat compared to the same period last year. Net Interest Income of TT$321 million, was TT$14 million or 5 percent higher than for the same period in 2017, driven mainly by growth in retail loans and investment securities portfolios the bank stated.
Other Income for the same period was TT$124 million, TT$14 million lower than the prior year mainly due to lower revenues from the insurance subsidiary.
 Non-Interest Expenses for the quarter ended January 2018 was flat at TT$174 million but loan loss provision was TT$17 million higher than in 2017 at TT$45 million.
Loans to Customers, the Bank’s largest asset category, closed the period at TT$14.2 billion, an increase of TT$248 million or 2 percent compared to 2017.
A dividend of 50 cents per ordinary share, the same level as in 2017, will be paid on 13 April 2018 to shareholders on record as at 14 March 2018. The stock traded on the Trinidad and Tobago Stock Exchange at TT$61.90.

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JSE main market pulls back – Wednesday

March 7, 2018 by

Grace Kennedy traded at a new closing high of $55.

The main Market of the Jamaica Stock Exchange closed lower on Wednesday with JSE All Jamaican Composite Index falling 682.73 points to 321,101.12 and the JSE Index down by 622.05 points to 292,559.42.
Trading on Wednesday closed with 29 securities changing hands, leading to 13 advancing, 7 declining and 9 trading firm, in the main and US dollar markets.
The securities with the largest price changes include, Berger Paints ending with a gain of 95 cent to $17.95, Jamaica Producers Group that added $1.99 to end at $16.99 and Proven Investments 8.25% preference share that fell 85 cents to $5.15.
Main market activity ended with 5,151,580 units valued at $52,948,353 changing hands, versus 10,582,771 units valued at $143,248,381 on Tuesday. Victoria Mutual Investments accounted for 1,394,445 units of the day’s trades, JMMB Group 7.5% preference share ended trading 923,998 units and Ciboney 881,196 shares as the price recovered to 12 cents from its recent 52 weeks’ low.
Trading results in an average of 183,985 shares valued at 1,891,013 for each security traded, compared to 391,954 shares valued at $5,305,496 on Tuesday. For the month to date an average of 1,185,335 units with an average value at $16,782,174 traded, compared to 1,452,362 units with an average value at $16,597,564 traded on the previous trading day. In contrast, February closed with average of 213,336 units valued at $3,392,475 for each security traded.
Trading in the US dollar market ended with Proven Investments concluded trading at 21.50 US cents, up from 21.10 cents with 4,510 units changing hands with a value of US$970 as the market index rose 1.87 points to 167.72.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 4 with a lower offer.

For more details of market activities see – Grace jumps $10.99 to $55 – Wednesday.

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Grace jumps $10.99 to $55 – Wednesday

March 7, 2018 by

Grace Kennedy gained $10.99 to close at $55 on Wednesday

Grace Kennedy jumped $10.99 to end at an all-time record high of $55, with just 14,941 units changing hands as the supply of the stock was virtually non-existent during the trading session.
The movement takes place after the group posted improved operating results for 2017 with earnings per share of $4.14 as a result of profits of $4.1 billion.
Main market activity ended with 28 securities changing hands, with 12 securities rising, 7 falling, 9 trading firm on Wednesday. Trading ended with 5,151,580 units valued at $52,948,353.
At the close of trading, the JSE All Jamaican Composite Index lost 682.73 points to 321,101.12 and the JSE Index declined by 622.05 points to 292,559.42.
In main market activity, Barita Investments closed 50 cents higher at $8, with 8,034 shares, Berger Paints ended 95 cents higher at $17.95, with 9,276 stock units, Carreras finished at $10.95, with 91,331 shares traded, Caribbean Cement settled at $33.50, with 1,500 shares, Ciboney Group ended trading 2 cents higher at $0.12, with 881,196 shares. Jamaica Broilers finished trading 49 cents higher at $18.98, with 93,815 units, Jamaica Producers closed $1.99 higher at $16.99, with 60,109 shares, Jamaica Stock Exchange ended 21 cents higher at $6.71, with 25,680 shares. JMMB Group concluded trading at $26.49, with 251,445 shares, Kingston Properties finished at $6.65, with 300 stock units, Kingston Wharves settled at $40, with 389,197 units, Mayberry Investments ended trading with a loss of 43 cents at $5.35, with 9,340 shares. NCB Financial Group traded 3 cents higher at $99, with 101,277 shares, 1834 Investments finished trading with a loss of 4 cents at $1.15, with 220,000 shares, Pulse Investments finished 5 cents higher at $1.80, with 6,375 shares, Radio Jamaica settled with a loss of 7 cents at $1.07, with 44,192 shares. Sagicor Group ended trading with a loss of 37 cents at $37.13, with 79,536 stock units, Sagicor Real Estate Fund ended trading with a loss of 25 cents at $16.75, with 94,700 shares, Scotia Group finished trading 25 cents higher at $51.25, with 2,650 shares, Seprod closed at $32, with 100 shares, Sterling Investments ended at $14, with 912 shares. Supreme Ventures concluded trading with a loss of 25 cents at $11.70, with 173,413 stock units, Victoria Mutual Investments finished at $4.50, with 1,394,445 units, Wisynco Group settled 10 cents higher at $10.60, with 68,818 shares and. In the main market preference segment, Jamaica Money Market 7.5% ended trading at $2.60, with 1,000 shares, JMMB Group 7.5% closed 3 cents higher at $1.02, with 923,998 shares, Proven Investments 8.25% settled with a loss of 85 cents at $5.15, with 204,000 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 pulls back – Wednesday.”

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More Junior Market gains – Wednesday

March 7, 2018 by

The Junior Market of the Jamaica Stock Exchange index, climbed 13.74 points, to close at 2,910.80 on Wednesday, with 21 securities changing hands, compared to 22 trading on Tuesday.
Market activity resulted in the prices of 9 securities advancing, 5 declining and 7 remaining unchanged, from an exchange of 3,531,852 units valued at $15,298,043, versus 2,525,646 units valued at $10,130,237 on Tuesday.
Trading ended with an average of 168,183 units for an average of $728,478 compared to an average of 114,802 units for an average of $460,465 on Tuesday. The average volume and value for the month to date, amounts to 118,898 units at $488,981, compared to an average of 108,116 units at $436,591 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 9 stocks ending with the bid higher than the last selling price and 3 with lower offers.
At the close of the market, Access Financial closed at $50, with 10,000 shares changing hands, Blue Power concluded trading at $33.01, with a mere 143 units, Caribbean Producers finished trading 47 cents higher at $4.62, with 1,054,990 units, Consolidated Bakeries closed 10 cents higher at $2, with 249 shares, Derrimon Trading closed with a loss of 2 cents at $7.50, with 5,000 shares. Elite Diagnostic settled 10 cents higher at $2.92, with 484,999 units, Eppley ended trading at $10, with 1,100 shares, FosRich Group finished trading 20 cents higher at $2.70, with 411,785 shares, GWest Corporation ended at $2.89, with 4,080 units. Honey Bun concluded trading 30 cents higher at $4.40, with 15,000 shares, ISP Finance rose by $1.45 to close at $13.50, with 620 shares, Jamaican Teas ended trading with a loss of 20 cents at $4.80, with 35,000 stock units, Jetcon Corporation traded 30 cents higher at $4.55, with 10,600 units. Key Insurance finished trading at $3.95, with 300 shares, Lasco Distributors concluded trading with a loss of 15 cents at $4.05, with 248,805 stock units, Lasco Financial finished with a loss of 20 cents at $4.70, with 1,082,814 units, Lasco Manufacturing settled 5 cents higher at $4.25, with 10,444 shares. Main Event ended trading with a loss of 39 cents at $5.81, with 6,938 shares, Paramount Trading finished trading 5 cents higher at $3.15, with 10,000 stock units, Stationery and Office closed at $5.50, with 88,491 units and tTech concluded trading at $6, with 50,494 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.

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TTSE index close down on Wednesday

March 7, 2018 by

Market activity on the Trinidad & Tobago Stock Exchange on Wednesday ended with 19 securities trading up from 16 on Tuesday. The market closed with 537,535 shares valued at $2,193,469 trading, compared to 588,618 shares valued at $6,075,902 on Tuesday.
The market closed with the prices of 5 stocks rising, 5 declining and 9 remaining unchanged. At close, the Composite Index fell 2.50 points on Wednesday to 1,269.21, the All T&T Index closed with a fall 3.72 points to 1,698.54, while the Cross Listed Index losing 0.17 points to close at 113.34.
IC bid-offer Indicator|At the end of trading, on Wednesday, the Investor’s Choice bid-offer indicator reading shows 3 stocks with bids lower than their last selling prices and 3 with lower offers.

Angostura Holdings rose on the TTSE..

Gains| Angostura Holdings rose 3 cents and ended at $15.70, with 700 stock units changing hands, Ansa Mcal gained $1 to end at $61, with 218 units trading, Clico Investments closed with a gain of 9 cents at $20.10, with 5,230 units, Republic Financial Holdings gained 1 cent and ended at $101.52, with 1,445 stock units changing hands and Unilever Caribbean finished trading with 50 cents and completed at $30, with 334 units changing hands.
Losses| Calypso Marco Index Fund fell 92 cents in trading just 20 units to close at 52 weeks’ low of $20.48, First Caribbean International Bank shed 2 cents and settled at $9.28, trading 120 shares, First Citizens lost 5 cents and concluded at $32.15, trading 2,010 shares, Guardian Holdings ended trading 85 cents lower and settled at $15.65, trading 1,000 shares and One Caribbean Media ended trading with a loss of 1 cent to a 52 weeks’ low of $12.47, with 10,000 stock units changing hands.
Firm Traded| Grace Kennedy completed trading at $3.35, with 260,847 units, JMMB Group ended at $2, with 227,835 stock units changing hands, Massy Holdings ended at $47.50, with 2,344 stock units changing hands, National Flour settled at $1.83, trading 364 shares, NCB Financial Group concluded at $6.53, trading 41 shares. Point Lisas completed market activity at $3.81, with 1,090 units, Sagicor Financial closed trading at $7.85, with 21,683 units, Trinidad & Tobago NGL closed at $27.50, after trading 1,899 shares and West Indian Tobacco closed at $88.55, trading 375 shares.
Prices of securities trading for the day are those at which the last trade took place.

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JSE adds 4,453 points in 3 days – Tuesday

March 6, 2018 by

Berger Paints fell $2.07 to $17 with the largest block of shares on Tuesday.


Market activity on Tuesday fell well below that on Monday but the market indices climbed higher with gains of 4,453 points in three days. The JSE All Jamaican Composite Index climbed 1,526.21 points to 321,783.85 and the JSE Index added 1,390.55 points to 293,181.47.
The main market ended with 27 securities changing hands, ending with 10 securities rising, 8 falling, 9 trading firm. Trading ended with 10,582,771 units valued at $143,248,381 changing hands, versus 4,116,289 units valued at $49,819,783 on Monday.
In main market activity, Barita Investments closed at $7.50, with 8,336 shares, Berger Paints ended with a loss of $2.07 at $17, with 2,492,575 stock units following release of audited nine months results showing a reduction of earnings at 81 cents compared to $1.17 for the same time in 2016 but with the 2017 figures being hit by a large amount incurred to provide the directors recommendation to shareholders following the takeover offer for the shares. Carreras finished with a loss of 5 cents at $10.95, with 142,495 shares, Caribbean Cement settled 45 cents higher at $33.50, with 232,837 shares, Ciboney Group ended trading at 10 cents, with 586,437 shares. Grace Kennedy traded 1 cent higher at $44.01, with 562,502 stock units, Jamaica Broilers finished trading with a loss of 39 cents at $18.49, with 35,051 units, Jamaica Producers closed at $15, with 9,380 shares, Jamaica Stock Exchange ended with a loss of 20 cents at $6.50, with 6,442 shares. JMMB Group concluded trading $1.49 higher at $26.49, with 42,810 shares, Kingston Wharves settled 25 cents higher at $40, with 17,853 units, Mayberry Investments ended trading 37 cents higher at $5.78, with 4,220 shares, NCB Financial Group traded with a loss of 23 cents at $98.97, with 102,165 shares. Infrequently traded Palace Amusement, closed at $560, with 225 stock units as investors expect a big payoff from the sold out houses the company is enjoying currently with the showing of Black Panther that is raking in several million dollars per day for them. PanJam Investment ended 1 cent higher at $41.51, with 5,061 units, Pulse Investments finished with a loss of 3 cents at $1.75, with 6,605 shares, Radio Jamaica settled 6 cents higher at $1.14, with 16,600 shares. Sagicor Group ended trading at $37.50, with 424,976 stock units, Scotia Group finished trading 10 cents higher at $51, with 51,177 shares, Supreme Ventures concluded trading 45 cents higher at $11.95, with 1,430 stock units, Victoria Mutual Investments finished with a loss of 35 cents at $4.50, with 1,963,833 units. Wisynco Group settled at $10.50, with 2,449,787 shares and Sagicor Real Estate Fund ended trading at $17, with 47,796 shares, but the stock traded at a record high of $17.50 early in the trading session. In the main market preference segment, Jamaica Money Market ended trading 11 cents higher at 52 weeks’ High of $2.60, with 500 shares, Jamaica Money Market traded at $1.95, with 1,375 stock units, JMMB Group closed at $0.99, with 18,453 shares, Sagicor Bank A 7.75% ended trading with a loss of 4 cents at an all-time low of $1.01, with 1,351,850 shares, 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 highest since October”

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