GWest list & FosRich gains 99c

December 21, 2017 by

In trading on the Junior Market Jamaica Stock Exchange on Thursday, FosRich finally traded after listing on Tuesday, while GWest listed on Thursday and rose to $2.87 from its IPO price of $2.50.
At the close of market activities, the prices of 6 securities advanced, 5 declined and 6 remained unchanged. The Junior Market Index advanced by 36.88 points to close at 2,740.63 with the two new listing contributing to the gain.
Trading on concluded with 16 securities changing hands, resulting in an exchange of 1,516,632 units valued at $6,748,760 compared to just 393,186 units valued at $1,610,823 on Wednesday from 11 securities.
Trading ended with an average of 89,214 units for an average of $399,986 in contrast to 35,744 units for an average of $146,438 on Wednesday. The average volume and value for the month to date, amounts to 568,154 units valued at $2,642,716 and previously, 600,336 units valued at $2,793,615. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and 7 with lower offers.
At the close of the market, Cargo Handlers ended trading 3 cents higher at $10.90, with 40,888 stock units, Caribbean Producers closed 20 cents higher at $4, with 322,112 shares, Eppley settled with a loss of 25 cents at $11.75, with 1,100 shares, Express Catering ended trading at $4.30, with 4,900 stock units, FosRich Group traded 16,000 shares at $2.99 up 99 cents from $2 at the IPO, General Accident traded 25 cents higher at $3, with 500,000 units. GWest Corporation traded for the first time and ended at $2.87 with a gain of 37 cents from the IPO price of $2.50. Honey Bun finished trading with a loss of 50 cents at $4, with 11,850 shares, Knutsford Express traded 80 cents higher at $14.80, with 23,359 units, Lasco Distributors finished trading at $3.99, with 2,200 shares, Lasco Financial closed at $5.18, with 2,360 shares. Lasco Manufacturing ended with a loss of 1 cent at $3.50, with 121,239 stock units, Main Event concluded trading at $5.30, with 296,246 units, Paramount Trading settled with a loss of 2 cents at $3, with 33,833 shares, Stationery and Office ended trading with a loss of 9 cents at $4.90, with 50,780 stock units and tTech finished trading at $5.18, with 86,765 shares 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: , , , , , , , , , , , , , , , , , , , ,

Supreme Ventures in big Thursday trade

December 21, 2017 by

Supreme Ventures traded the most shares on Thursday.

Supreme Ventures accounted for 98 percent of the volume traded on the Main Market of the Jamaica Stock Exchange on Thursday, resulting from 168.7 million shares changing hands and bumping the market volume to 171,582,338 units valued at $1,664,149,762.
Main market activity ended with 21 securities changing hands, of which 11 advanced, 4 declined and 8 traded firm. In contrast, 27 securities changed hands on Wednesday with to 1,811,480 units valued at $72,434,801 passing through the exchange.
At the close, the All Jamaican Composite Index dropped 2,129.59 points to 304,965.84 and the JSE Index dipped by 1,940.29 points to 277,858.36.
In the main market activity, Berger Paints ended with a loss of 40 cents at $16.50, with 30,792 shares trading, Cable & Wireless settled 1 cent higher at $1.06, with 41,500 shares, Caribbean Cement ended trading 20 cents higher at $31.70, with 8,300 stock units, Carreras traded at $11.40, with 29,391 units, Ciboney Group finished trading at 35 cents, with 22,900 shares. Grace Kennedy closed at $43, with 132,187 shares, Jamaica Broilers ended 50 cents higher at $18, with 26,918 stock units, Jamaica Producers concluded trading with a loss of 6 cents at $15.10, with 20,000 units, Jamaica Stock Exchange finished 25 cents higher at $7.30, with 77,425 shares. JMMB Group ended trading with a loss of 90 cents at $23, with 1,905,342 stock units, Kingston Wharves finished trading 25 cents higher at $32.25, with 3,640 shares, Mayberry Investments closed 20 cents higher at $5.60, with 100,000 shares. NCB Financial Group ended with a loss of $1.49 at $98.51, with 224,896 stock units, PanJam Investment settled at $43, with 51,064 shares, Pulse Investments traded at $1.78, with 500 units. Radio Jamaica finished trading at $1.03, with 20,000 shares, Sagicor Group closed at $36, with 2,285 shares, Sagicor Real Estate Fund ended 50 cents higher at $15, with 7,820 stock units, Salada Foods Jamaica concluded trading at $9.95, with 4,000 units. Scotia Group finished $3.74 higher at $53.94, with 168,006 shares and Supreme Ventures traded 20 cents higher at $10.70, with 168,705,372 units.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Gains ecxceed losses but indices drop.”

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4 TTSE stocks rise 1 fall – Thursday

December 21, 2017 by

A total of 15 securities traded on the Trinidad & Tobago Stock Exchange on Thursday against 14 on Wednesday, with 4 stocks advancing, 1 declining and 10 unchanged with 1 trading at a 52 weeks’ high.
Market activity ended the volume of shares

traded jumping to 1,373,256 from 226,038 shares on Wednesday, but with much higher value than on the previous day at $19,288,737 versus $4,960,014 on the previously.

The Composite Index gained 3.60 points to 1,262.64, the All T&T Index rose 2.61 points to 1,728.20 while the Cross Listed Index inched 0.63 points to close at 107.44.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 2 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| In trading Grace Kennedy traded 22,366 shares and rose 1 cent to $3, NCB Financial rose 11 cents and traded 530,680 shares at $6.11 valued at $3,242,455 Republic Financial Holdings climbed by $1.50 in trading 95,155 shares valued at $9,606,054 and closed at $101.50, Sagicor Financial gained 3 cents to end at $8 trading 1,225 shares.
Losses| Trinidad & Tobago NGL dropped 90 cents to close at $26.10, with 56,368 shares with a value of $1,510,746 changing hands.
Firm Trades| The last traded prices of securities closing unchanged are Ansa Merchant bank traded 1,930 shares at $40, Clico Investments closing unchanged at $21 trading 16,235 units valued at $342,825, First Citizens closed at $32 with 104,850 units with a value of $3,355,200 changing hands, Guardian Holdings closed trading at $17.03 with 10,287 stock units changing hands. JMMB Group traded 525,000 units at $3 with a total value of $791,956, Massy Holdings exchanged 745 units at $48, National Enterprises traded 500 shares at $9.80, Prestige Holdings closed at $10.70 with 5,000 shares trading, One Caribbean Media traded 625 units at $13.06 and Trinidad Cement closed $3.75 with 2,200 shares trading.

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JSE makes big gains on Wednesday

December 20, 2017 by

Trading on the Main Market of the Jamaica Stock Exchange led to sharp gains in the market indices, with the JSE All Jamaican Composite Index surging 1,929.83 points to 307,095.43 and the JSE Index climbing 1,758.29 points to close at 279,798.65 as the year-end rally continues.
At the close of trading, Main market activity ended with 27 securities changing hands, 12 advanced, 9 declined and 3 traded firm with 1,811,480 units valued at $72,434,801 compared to 2,309,034 units valued at $75,261,191 on Tuesday from 20 securities changing hands. At the close 138 Student Living ended at a 52 weeks’ high of $6.08.
Trading ended with an average of 67,092 units for an average of $2,682,770 in contrast to 109,954 units for an average of $3,583,866 on Tuesday. The average volume and value for the month to date amounts to 290,793 units valued at 5,669,323 and previously, 310,531 units valued at $5,955,270. In contrast, November closed with average of 349,084 units at an average of $5,801,440 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Traded in the US dollar market ended with Productivity Business Solutions US ordinary share having 2,650 units changing hands valued at US$1,471 in closing at 55 US cents, after falling by 2 cents, with the JSE USD Equities Index closing 1.38 points down at 171.46.
The major movers at the close, are Berger Paints rising 90 cents Jamaica Broilers ending with a fall of 90 cents, JMMB Group dropping by $1.10, Kingston Wharves gaining $1 and NCB Financial Group closing $1.01 higher.
For more details of market activities see – “Rising JSE stocks edged out decliners.”

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5 stocks rose on TTSE 1 fell

December 20, 2017 by

The number of securities trading on the Trinidad & Tobago Stock Exchange on Wednesday fell to 14, down from to 18 on Tuesday, with 5 stocks advancing, 1 declining and 8 unchanged with 1 trading at a 52 weeks’ high.
Market activity ended as 226,038 shares traded at a value of $4,960,014 compared to 556,707 shares trading at for $4,534,786 on Tuesday.
The Composite Index rose 1.84 points to 1,259.04, the All T&T Index gained 3.64 points to 1,725.59 while the Cross Listed Index was unchanged at 106.81.
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| In trading National Flour Mills rose 9 cents and closed at $1.96 with 6,143 shares trading, Sagicor Financial gained 3 cents to end at $8 trading 67,283 shares with a value of $538,198, Scotiabank closed 10 cents higher at $60.10 in exchanging only 1,500 units Trinidad & Tobago NGL jumped 50 cents to closed at record high of $27, with 102,540 shares with a value of $2,764,792 changing hands andLJ Willaims traded 20,000 units with a gain of 7 cents to close at 77 cents.
Losses|Guardian Holdings closed trading at $17.03 with just 100 stock units changing hands.
Firm Trades| The last traded prices of securities closing unchanged are Clico Investments closing unchanged at $21 with 78 units trading, First Citizens closed at $32 with 250 units changing hands, First Caribbean International Bank trading just 50 units at $9.30. Massy Holdings exchanged 604 units at $48, Prestige Holdings closed at $10.70 with 9,566 shares trading,Point Lisas closed at $3.90 with 4,118 units, Prestige Holdings traded 9,566 shares at $10.70,Republic Financial Holdings traded 354 units at $100, and West Indian Tobacco that closed $100 with 13,452 shares trading valued at $1,345,200.

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

Rising JSE’s stocks edged out decliners

December 20, 2017 by

NCB Financial trades back at $100.

Trading on the Main Market of the Jamaica Stock Exchange concluded on Tuesday with 27 securities changing hands, 13 advanced, 9 declined and 5 traded firm with 1,811,480 units valued at $72,434,801 changing hands, with NCB Financial trades back at $100.
In the market activity, the JSE All Jamaican Composite Index advanced by 1,929.83 points to close at 307,095.43 and the JSE Index advanced by 1,758.29 points to close at 279,798.65.
In the main market activity, Berger Paints finished 90 cents higher at $16.90, with 4,300 shares, Cable & Wireless settled 10 cents higher at $1.05, with 24,084 shares, Caribbean Cement ended trading with a loss of 50 cents at $31.50, with 18,174 stock units changing hands. Carreras traded 40 cents higher at $11.40, with 4,733 units, Ciboney Group finished trading with a loss of 6 cents at 35 cents, with 77,100 shares, Grace Kennedy closed 50 cents higher at $43, with 52,000 shares, Jamaica Broilers ended with a loss of 90 cents at $17.50, with 60,746 stock units. Jamaica Producers concluded trading 1 cent higher at $15.16, with 6,480 units, Jamaica Stock Exchange finished 55 cents higher at $7.05, with 150 shares, JMMB Group settled with a loss of 1.1 cents at $23.90, with 156,166 shares, Kingston Wharves traded $1 higher at $32, with 1,108 units. Mayberry Investments finished trading with a loss of 60 cents at $5.40, with 47,958 shares, NCB Financial Group closed $1.01 higher at $100, with 534,714 shares, 138 Student Living closed 8 cents higher at $6.08, with 15,500 shares, 1834 Investments ended 4 cents higher at $1.25, with 18,000 stock units, PanJam Investment concluded trading with a loss of 50 cents at $43, with 79,705 units, Portland JSX finished 32 cents higher at $9.50, with 1,000 shares. Pulse Investments settled at $1.78, with 10,000 shares, Radio Jamaica ended trading with a loss of 2 cents at $1.03, with 32,209 stock units, Sagicor Group traded 50 cents higher at $36, with 150,298 units, Sagicor Real Estate Fund finished trading at $14.50, with 59,258 shares. Scotia Group ended 15 cents higher at $50.20, with 4,192 stock units, Seprod concluded trading at $30, with 7,781 units and Supreme Ventures settled with a loss of 20 cents at $10.50, with 1,400 shares. In the main market preference segment. In the main market preference segment, Jamaica Money Market Brokers 7.5% traded 220,000 shares with a loss of 10 cents at $1.80, JMMB Group 7.25% closed trading at $1.50, with 1,000 units and JMMB Group 7.5% ended trading at $1.15, with 223,424 stock units trading.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE makes big gains on Wednesday.”

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Outdated JSE rule blocks FosRich trades

December 20, 2017 by

Investors cant get their money out of FosRich stock as JSE rules preventing trading.

For the second consecutive day, what is clearly an outdated circuit breaker rule of the Jamaica Stock Exchange, prevented trading in shares of FosRich, after it listed on the Junior Market of the on Tuesday, following a successful IPO.
Attempts were made to trade shares at $3 and $4 on Tuesday and again at $4 on Wednesday but the prices exceeded the 30 percent daily limit permitted by the exchange on both days. So even as there are clear signs of demand at $4, no trading can take place at that level as the 30 percent daily price movement limitation, puts the maximum price at $3.89.
Having had similar problems when Express Catering and Stationery and Office Supplies listed in the summer months this year, investors would be forgiven if they were of the view that the JSE had moved speedily to correct what is clearly a problem when IPOs start trading.
Trading in the wider market on Wednesday only 11 securities changed hands, resulting in an exchange of just 393,186 units valued at $1,610,823 trading down sharply from the 3,645,919 units valued at $16,409,735 on Tuesday from trading in 19 securities.
At the close of market activities, the prices of 6 securities advanced, 2 declined and 3 remained unchanged, leading to the Junior Market Index gaining just 3.01 points to close at 2,703.75.
Trading ended with an average of 35,744 units for an average of $146,438 in contrast to 191,890 units for an average of $863,670 on Tuesday. The average volume and value for the month to date, amounts to 600,336 units valued at $2,793,615 and previously, 625,999 units valued at $2,913,941. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
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 the last selling prices and 9 with lower offers.
At the close of the market, Cargo Handlers ended trading 2 cents higher at $10.87, with 101 stock units trading, Caribbean Producers closed at $3.80, with 111,700 shares changing hands, Dolphin Cove finished 50 cents higher at $17, with 1,157 shares, Jamaican Teas concluded trading with a loss of 35 cents at $3.65, with 6,206 units, Jetcon Corporation finished at $4.40, with 3,000 shares. Lasco Distributors ended trading 14 cents higher at $3.99, with 107,138 shares, Lasco Financial closed 18 cents higher at $5.18, with 2,400 shares, Lasco Manufacturing ended with a loss of 14 cents at $3.51, with 75,281 stock units, Main Event concluded trading at $5.30, with 4,869 units, Paramount Trading settled 2 cents higher at $3.02, with 400 shares and Stationery and Office ended trading 14 cents higher at $4.99, with 80,934 stock units.

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

JSE up on reduced activity

December 19, 2017 by

At the close of trading, the JSE All Jamaican Composite Index climbed 631.47 points, to close at 305,165.60 and the JSE Index advanced 575.34 points to 278,040.36. Main market activity ended with 21 securities changing hands, of which 8 advanced, 5 declined and 7 traded unchanged.
Market activities ended with 2,309,034 units valued at $75,261,191 trading, compared to 8,452,293 units valued at $389,568,108 from 20 securities changing hands on Monday.
Trading ended with an average of 109,954 units for an average of $3,583,866 in contrast to 422,615 units for an average of $19,478,405 on Monday. The average volume and value for the month to date amounts to 310,531 units valued at $5,955,270 and previously, 325,310 units valued at $6,146,072. In contrast, November closed with average of 349,084 units at an average of $5,801,440 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Traded in the US dollar market ended with Proven Investments US ordinary share having 1,101,440 units changing hands valued at US 247,816 in closing at 22 US cents, after falling by a fraction of a cent, with the JSE USD Equities Index closing 2.29 points up to close at 172.84.
The major movers at the close, are Jamaica Broilers ending with a rise of 90 cents, JMMB Group gaining 99 cents, Kingston Wharves rising 95 cents, PanJam Investment concluded with a loss of $1.50 and Scotia Group falling $1.85.

For more details of market activities see – “8 JSE stocks rise 5 fall.”

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

8 JSE stocks rise 5 fall

December 19, 2017 by

Trading on the Main Market of the Jamaica Stock Exchange concluded on Tuesday with 21 securities changing hands, with 8 rising, 5 declining and 7 trading unchanged with 2,309,034 units valued at $75,261,191 changing hands.
In the market activity, the JSE All Jamaican Composite Index rose 631.47 points to close at 305,165.60 and the JSE Index advanced by 575.34 points to 278,040.36.
In the main activity, Berger Paints finished at $16, with 11,305 shares, Cable & Wireless closed with a loss of 5 cents at 95 cents, with 22,975 shares, Caribbean Cement ended trading 30 cents higher at $32, with 26,250 stock units, Carreras traded 1 cent higher at $11, with 783,538 units, Ciboney Group finished trading 6 cents higher at $0.41, with 183,550 shares. Grace Kennedy closed at $42.50, with 98,955 shares, Jamaica Broilers ended 90 cents higher at $18.40, with 10,790 stock units, Jamaica Producers concluded trading with a loss of 5 cents at $15.15, with 7,104 units, JMMB Group settled 99 cents higher at $25, with 21,288 shares. Kingston Wharves traded 95 cents higher at $31, with 121,486 units, Mayberry Investments rose 5 cents to $6, with 120,000 shares, NCB Financial Group closed at $98.99, with 391,496 shares, PanJam Investment concluded trading with a loss of $1.50 at $43.50, with 189,476 units. Pulse Investments settled at $1.78, with 500 shares, Sagicor Group traded at $35.50, with 104,400 units, Sagicor Real Estate Fund finished trading with a loss of 50 cents at $14.50, with 6,991 shares, Salada Foods Jamaica closed 10 cents higher at $9.95, with 5,000 shares. Scotia Group ended with a loss of $1.85 at $50.05, with 83,333 stock units, Seprod concluded trading at $30, with 2,016 units and Supreme Ventures settled at $10.70, with 93,582 shares. In the main market preference segment, JMMB Group ended trading at at $1.15, with 29,499 stock units trading.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE up on reduced activity.”

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More securities trade with less volume

December 19, 2017 by

Agostini’s traded at a 52 weeks’ high on Tuesday.

The number of securities trading on the Trinidad & Tobago Stock Exchange on Tuesday, climbed to 18, compared to 14 on Monday. Unlike Monday, when just 1 stock advanced, trading on Tuesday threw up 4 winners 3 losers and 11 trading unchanged, with 1 closing at 52 weeks’ high and 1 at a 52 weeks’ Low.
In spite of the rise in the number of securities trading market activity ended with a mere 556,707 shares trading at a value of $4,534,786, well down from the 1,413,505 shares trading at for $8,688,584 on Monday.
The Composite Index fell 0.76 points to 1,257.20, the All T&T Index declined 1.90 points to 1,721.95 while the Cross Listed Index inched 0.05 points to close at 106.81.

Trinidad Cement closed at a 52 weeks’ low on Tuesday.

IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 4 with lower offers.
Gains| In trading Agostini’s exchanged 694 shares, gaining 21 cents to end at 52 weeks’ high of $20.75, Angostura Holdings closed trading with just 20 shares at $15.20 after rising by 20 cents, Sagicor Financial gained 1 cent to end at $7.97, trading 275,873 shares with a value of $2,206,084 and Trinidad & Tobago NGL recovered the 30 cents it lost on Monday to close at $26.50, with 9,502 shares changing hands.
Losses| The last traded prices of the securities declining are Grace Kennedy with a loss of 1 cent, in closing at $2.99 in exchanging 217,463 shares at a value of $649,365, Guardian Holdings lost 27 cents in closing at $17.03 with 11,600 stock units changing hands and Trinidad Cement lost 20 cents to end at a 52 weeks’ low of $3.75 with 1,085 stock units trading.
Firm Trades| The last traded prices of securities closing unchanged are Clico Investments closing unchanged at $21 with 700 units trading, First Citizens closed at $32 with 8,303 units changing hands, First Caribbean International Bank trading 9,000 units at $9.30, National Enterprises exchanged 1,200 units at $9.80, Prestige Holdings closed at $10.70 with 1,453 shares trading, ReadyMix traded 500 shares at $11. Republic Financial Holdings traded a mere 5 units to settle at $100, Scotiabank closed at $60 in exchanging 1,766 units, Unilever Caribbean closed at $29, trading 500 shares, West Indian Tobacco closed at $100 with 6,948 shares with a value of $688,504 trading but traded at an intraday 52 weeks’ low of $96.99, before the close and LJ Williams B share traded 10,095 units at 70 cents.

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