TTSE slips moderately on Wednesday

January 29, 2020 by

First Citizens Bank closed at 52 weeks’ high on Wednesday.

The Trinidad & Tobago Stock Exchange market indices closed on Wednesday with minor declines with advancing stocks outnumbering declining ones.  
The market closed with 13 securities changing hands, compared to 18 on Tuesday, with five gaining, two declining and the prices of six remained unchanged. One stock closed at 52 weeks’ high.
The T&T Composite Index slipped 0.67 to close at 1,490.42. The All T&T Index shed 1.22 points to 1,886.03 while the Cross Listed Index inched just 0.02 points lower to 148.34. Trading resulted in an exchange of 53,255 shares, for $2,164,720 compared to 248,341 shares, amounting to $4,079,099 on Tuesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of five stocks higher than their last selling prices and three with lower offers.
Gains| First Citizens Bank added 30 cents and ended at a 52 weeks’ high of $46.80, with 5,974 stock units trading, JMMB Group gained 4 cents and ended at $2.70, with investors exchanging 2,503 shares. Massy Holdings ended trading 11 cents higher at $62, after a transfer of 18,201 shares, Scotiabank increased 27 cents to $61.49, with 3,923 units changing hands and Trinidad & Tobago NGL rose 5 cents in trading 6,977 shares to close at $20.95.
Losses| NCB Financial slipped 1 cent to end at $11.29, with 101 stock units changing hands and West Indian Tobacco lost 65 cents to close at $40, with an exchange of 7,661 units.
Firm Trades| Clico Investment traded 103 shares at $28.48, First Caribbean International Bank ended at $7.85, with investors exchanging 1,000 shares, Grace Kennedy completed trading at $3.95, with 2,000 units crossing the exchange. Guardian Holdings settled at $21.95, with 175 stock units changing hands. National Enterprises traded 1,200 shares at $5.50, and Prestige Holdings ended at $8.90, with 3,437 stock units changing hands.

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

 

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6,000 points JSE all Jamaica Index slash

January 28, 2020 by

The Main Market of the Jamaica Stock Exchange declined sharply at the close of trading on Tuesday, knocking over 6,000 points from the market, as one stock each closed at a 52 weeks’ high and low.
At the close, the JSE All Jamaican Composite Index dropped 6,294.13 points to close at 541,646.77, the JSE Market Index dived 5,702.93 points to 493,316.21 and the JSE Financial Index lost 1.10 points to 134.52.
The market closed with 45 securities changing hands in the Main and US dollar markets with the prices of 10 advancing, 24 declining and 5 trading firm. The JSE Main Market activity ended with 37 securities accounting 59,431,667 units valued at $248,389,025 in contrast to 36,855,891 units valued at $103,713,861 from 42 securities on Monday.
Sagicor Select Financial Fund dominated trading with 40.9 million shares, for 69 percent of total volume. Wigton Windfarm followed with 8.9 million units for 15 percent of the day’s trade and QWI Investments with 2.1 million shares for 3.6 percent of the market’s volume as it closed at an all-time low of 89 cents. Stocks trading more than one million units were Carreras with 1 million shares, Grace Kennedy with 1 million, JMMB Group with 1.5 million and Sagicor Select Manufacturing and Distribution Fund with 1.9 million.
The Market closed with an average of 1,606,261 units valued at an average of $6,713,217 for each security traded, in contrast to 877,521 units valued at an average of $2,469,378 on Monday. The average volume and value for the month to date amounts to 626,463 units valued at $3,287,493 for each security changing hands, compared to 579,074 units valued at $3,112,683 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
 IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows ten stocks ending with bids higher than their last selling prices and two closing with lower offers. The PE ratio of the market ended at 19.6, while the Main Market ended at 18.9 times the 2019 earnings.
In the prime market, Barita Investments lost 50 cents to close at $70.50 after trading 14,125 units, Carreras dropped 64 cents lower to a 52 weeks’ low of $7.50, with an exchange of 1,016,361 shares, Grace Kennedy tumbled $7.50 to $70, in swapping 1,003,358 shares. Jamaica Broilers closed $2 lower to $35 after transferring 141,357 shares, Jamaica Producers dropped $1.01 to end at $25, with 42,437 units changing hands. JMMB Group lost 50 cents, trading 1,464,220 shares to close at $47. Kingston Wharves climbed $5 to $66, in swapping 2,745 units, Mayberry Jamaican Equities ended at $11.50, after losing 40 cents and transferring 1,252 units. MPC Caribbean Clean Energy lost $1 to settle at $230, with and exchange of 230 units, NCB Financial Group, lost $3.60 and ended at $185.90 after trading 31,257 shares. PanJam Investment gained $1 to end at $102, with 33,318 units changing hands, Portland JSX added 50 cents to finish at a 52 weeks’ high of $9.50, in swapping 23,255 units, Proven Investments closed $1 higher to $49, in an exchange of 3,299 shares, Sagicor Group lost 99 cents to close at $70 trading 145,285 shares. Scotia Group settled at $56.10, after losing 88 cents in exchanging 16,726 shares, Seprod dropped $3 trading 4,200 shares and ended at $46, Supreme Ventures closed $1.99 lower to $21.01, with 81,460 units changing hands. Sygnus Credit Investments lost $1.50 to close at $25, in transferring 62,072 shares, Victoria Mutual Investments ended $1.29 lower to $11.52, trading 414,870 units and Wisynco Group gained 85 cents, after swapping 457,653 shares and closed at $21.85.
Trading in the US dollar market ended with 135,360 units valued at over US$42,019. The market index nosedived 11 points to close at 230.50 with Margaritaville trading 4,700 units to close at 32 US cents, after gaining half of 1 US cent and Proven Investments losing 3 US cents to settle at 31 US cents, with 130,660 units changing hands.

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TTSE closed slightly up on Tuesday

January 28, 2020 by

First Citizens Bank closed at a 52 weeks’ high on TTSE on Tuesday.

The Trinidad & Tobago Stock Exchange closed on Tuesday with the two major market indices finishing higher than at the close on Monday, with an equal number of declining and advancing stocks.  
The market closed with 18 securities changing hands, compared to 19 on Monday, with five gaining, five declining and the prices of nine remained unchanged. Two stocks closed at 52 weeks’ high and two at 52 weeks’ lows.
The T&T Composite Index advanced 1.99 points to close at 1,491.09. The All T&T Index gained 4.36 points to 1,887.25, while the Cross Listed Index lost just 0.06 points to close at 148.36. Trading resulted in an exchange of 248,341 shares, for a sum of $4,079,099 compared to 239,819 shares, amounting to $4,423,787 on Monday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of four stocks higher than their last selling prices and none with a lower offer.
Gains| Angostura Holdings rose 13 cents and settled at a 52 weeks’ high of $16.30, with 20 units crossing the exchange, First Citizens added 40 cents and ended at a 52 weeks’ high of $46.50, with 6,250 stock units trading, Scotiabank increased 21 cents to $61.22, with 6,883 units changing hands. Trinidad & Tobago NGL rose 10 cents in trading 67,550 shares to close at $20.90 and West Indian Tobacco increased by 60 cents to close at $40.65, with an exchange of 12,184 units.
Losses| First Caribbean International Bank dropped 5 cents and ended at $7.85, with investors exchanging 9,656 shares, Guardian Holdings declined 4 cents and settled at $21.95, with 10,300 stock units changing hands. Guardian Media dropped 25 cents and settled at 52 weeks’ low of $6.75, with investors exchanging 4,414 shares, Massy Holdings ended trading 10 cents lower at $61.89, after a transfer of 1,055 shares and LJ Williams declined 19 cents and settled at $1.50, with 26,013 units changing hands.
Firm Trades| Ansa McAl closed at $55.30, with an exchange of 40 units, Grace Kennedy completed trading at $3.95, with 85,517 units crossing the exchange, JMMB Group ended at $2.70, with investors exchanging 400 shares. NCB Financial ended at $11.30, with 38 stock units changing hands, One Caribbean Media settled at $8.25, with 1,340 units crossing the exchange, Prestige Holdings ended at $8.90, with 5,000 stock units changing hands and Republic Financial completed trading 2,750 units at $137.
Prices of securities trading are those at which the last trade took place.

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

JSE Main Market picks up 3,000 points

January 27, 2020 by

The Main Market of the Jamaica Stock Exchange closed on Monday with gains in the two major indices as the market continues its daily seesaw movement.
At the close, the JSE All Jamaican Composite Index advanced 2,954.43 points to close at 547,940.90, the JSE Market Index gained 2,657.81 points to 499,019.14 and the JSE Financial Index climbed 1.53 points to 135.62.
The market closed with 45 securities changing hands in the Main and US dollar markets with the prices of 14 advancing, 20 declining and 11 trading firm. The JSE Main Market activity ended with 42 securities accounting 36,855,891 units for $103,713,861 in contrast to 22,042,921 units valued at $194,024,950 from 41 securities on Friday.
Sagicor Select Financial Fund dominated trading with 17.5 million shares for 47.5 percent of total volume, followed by Wigton Windfarm with 10.7 million units for 29 percent of the day’s trade and Sagicor Select Manufacturing and Distribution Fund with 3.3 million shares for 9 percent of the market’s volume. QWI Investments with 1.3 million shares and 3 percent of the market trade, was the only other stock trading more than one million units, as it closed at an all-time low of 93 cents.
The Market closed with an average of 877,521 units valued at an average of $2,469,378 for each security traded, in contrast to 537,632 units valued at an average of $4,732,316 on Friday. The average volume and value for the month to date amounts to 579,074 units valued at $3,112,683 for each security changing hands, compared to 561,737 units valued at $3,152,220 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows ten stocks ending with bids higher than their last selling prices and two closing with lower offers. The PE ratio of the market ended at 19.8, while the Main Market ended at 19.1 times the 2019 earnings.
In the prime market, Barita Investments lost 35 cents to close at $71, in an exchange of 8,892 units, Caribbean Cement dropped $3 to $69 in trading 4,744 shares, Eppley closed 50 cents higher to $14, with 520,474 shares changing hands. Jamaica Broilers climbed $1.51 to $37, in swapping 201,824 shares, Jamaica Producers lost 49 cents to end at $26.01, transferring 100 units, Jamaica Stock Exchange closed at $33, after losing $1 exchanging 79,592 shares. JMMB Group
gained $2.50 trading 92,261 shares and closed at $47.50, Kingston Wharves tumbled $8 to $61, in exchanging 1,258 units, Mayberry Jamaican Equities rose 88 cents to $11.90, after transferring 5,280 units. NCB Financial closed at $189.50, after losing $3.50 in trading 70,527 shares, PanJam Investment closed $1 lower at $101, with 17,178 units changing hands, Portland JSX gained 58 cents to settle at $9, in swapping 5,000 units, Proven Investments closed $1.50 lower at $48, in an exchange of 6,879 shares. Pulse Investments gained 95 cents to settle at $6.65, in transferring 171,832 shares. Sagicor Group added 99 cents to end at $70.99, with a transfer of 195,354 shares, Sagicor Real Estate Fund lost 35 cents to settle at $9 trading 52,137 shares, Scotia Group advanced to $56.98, having gained $3.97 in exchanging 12,100 shares. Supreme Ventures closed $1 higher to end at $23, with 45,273 units changing hands, Sygnus Credit Investments lost 43 cents to close at $26.50, in swapping 46,961 shares, Victoria Mutual Investments closed 64 cents lower to $12.81 trading 391,531 units and Wisynco Group slipped $1.50 to $21, with 204,925 units changing hands.
Trading in the US dollar market ended with 25,203 units valued at over US$10,758. The market index advanced 8 points to close at 241.59. JMMB Group 5.75% traded 3,000 units at US$2.10, Proven Investments gained 1 US cents to close at 34 US cents in exchanging 4,714 shares and Sygnus Credit Investments lost 1 US cent to end at 16 US cents in swapping 17,489 shares.

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TTSE closed down on Monday

January 27, 2020 by

Trinidad & Tobago Stock Exchange Head Quarters

The Trinidad & Tobago Stock Exchange closed on Monday with the two major market indices falling, as declining stocks were twice as many as those rising.  
Trading resulted in an exchange of 239,819 shares, for a sum of $4,423,787 compared to 403,858 shares, amounting to $5,540,178 on Friday.
The market closed on Monday with 19 securities trading, compared to 18 on Friday, with three gaining, six declining and the prices of ten closed unchanged. One stock closed at 52 weeks’ high and two at 52 weeks’ lows.
The T&T Composite Index dipped 0.94 to 1,489.10. The All T&T Index declined by a sizable 9.58 points to 1,882.89, while the Cross Listed Index gained 1.07 points to close at 148.42.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of five stocks higher than their last selling prices and one with a lower offer.
Gains| NCB Financial gained 15 cents and settled at $11.30, after exchanging 1,100 shares, Republic Financial rose 50 cents and completed trading at a 52 weeks’ high of $137, with 1,237 units changing hands and Unilever Caribbean added 23 cents and settled at $22.23, after exchanging 1,403 shares.
Losses| National Enterprises closed with a loss of 20 cents at $5.50, with investors exchanging 10,000 shares, One Caribbean Media declined by 13 cents and settled at a 52 weeks’ low of $8.25, with 300 units changing hands, Scotiabank shed 98 cents and completed trading  921 shares at $61.01. Trinidad & Tobago NGL lost 20 cents in trading 93,576 shares and closed at a 52 weeks’ low of $20.80, Trinidad Cement declined 3 cents to end at $1.95, with 32,656 stock units changing hands and West Indian Tobacco dropped 60 cents and settled at $40.05, with 800 stock units crossing the exchange.
Firm Trades|Clico Investments completed trading at $28.50, with 16,414 stock units changing hands, CinemaOne closed at $5.75, with 500 units crossing the exchange, First Caribbean International Bank ended at $7.90, with an exchange of 650 units. First Citizens Bank closed at $46.10, with 1,580 units changing hands, Grace Kennedy completed trading of 12,416 stock units at $3.95, Guardian Holdings settled at $21.99, with 1,354 stock units changing hands. JMMB Group settled at $2.70, with 38,261 stock units, Massy Holdings completed trading at $61.99, with 20,625 units, National Flour ended at $1.40, after exchanging 3,400 shares and Prestige Holdings ended at $8.90 after 2,626 shares changed hands.

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

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JSE Main Market falls

January 24, 2020 by

The Main Market of the Jamaica Stock Exchange closed with a moderate fall on Friday as declining stocks outnumbered advancing stocks by 36 percent.
At the close, the JSE All Jamaican Composite Index lost 1,023.16 points to close at 544,986.47, the JSE Market Index dropped 907.78 points to 496,361.33 and the JSE Financial Index gained 0.69 points to 134.09.
The market closed with 45 securities changing hands in the Main and US dollar markets with the prices of 14 advancing, 19 declining and 12 trading firm. The JSE Main Market activity ended with 41 securities accounting 22,042,921 units valued at $194,024,950 in contrast to 22,654,582 units valued at $171,374,765 from 42 securities on Thursday.
Wigton Windfarm dominated trading with 8.4 million shares for 38 percent of total volume, followed by Sagicor Select Financial Fund with 5.8 million units for 26 percent of the day’s trade and Sagicor Select Manufacturing and Distribution Fund with 2.4 million shares for 11 percent of the market’s volume. QWI Investments with 1.8 million shares or 8 percent of the market changing hands, was the only other security trading more than one million units.
 The Market closed with an average of 537,632 units valued at an average of $4,732,316 for each security traded, in contrast to 539,395 units valued at an average of $4,080,352 on Thursday. The average volume and value for the month to date amounts to 561,737 units valued at $3,152,220 for each security changing hands, compared to 563,186 units valued at $3,051,311 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
 IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows five stocks ending with bids higher than their last selling prices and two closing with lower offers. The PE ratio of the market ended at 19.9, while the Main Market ended at 19.1 times the 2019 earnings.
In the prime market, Barita Investments lost 65 cents trading 24,674 units in closing at $71.35, Caribbean Cement advanced $4.44 to $72, with 7,375 shares changing hands, Eppley closed 90 cents lower to $13.50 after transferring 3,605 stock units. Grace Kennedy lost $1.50 to end at $77.50, after swapping 12,295 shares, Jamaica Broilers gained $1.49 to settle at $35.49 after exchanging 39,326 stock units, Jamaica Producers Group added 66 cents to close at $26.50 with 12,462 shares changing hands. Jamaica Stock Exchange ended 95 cents lower at $34 in trading 29,089 shares. Kingston Wharves climbed $4 to $69, in swapping 4,763 units, NCB Financial Group gained $3 to settle at $193, with an exchange of 445,524 shares, PanJam Investment closed $1.50 higher to $102 in transferring 299,006 units. Portland JSX lost 57 cents, ending the day’s trade at $8.42 and 1,050 units traded, Proven Investments closed 50 cents lower at $49.50, in swapping 10,070 shares, Pulse Investments declined $1.17 to $5.70, with 349,702 shares changing hands. Sagicor Group advanced $5.25 to end at $70 after transferring 56,597 shares, Sagicor Real Estate Fund gained 35 cents to settle at $9.35 after trading 43,800 shares. Scotia Group declined $1.20 to $53.01, in swapping 133,078 stock units, Seprod lost 50 cents to end at $49 exchanging 3,160 units, Supreme Ventures dropped $1.20, to settle at $22, with an exchange of 35,688 shares. Victoria Mutual Investments gained 82 cents in trading 421,376 units and ended a 52 weeks’ high at $13.45 and Wisynco Group closed 50 cents lower to $22.50, after swapping 277,521 units.
Trading in the US dollar market ended with 105,311 units valued at over US$19,063. The market index lost 1.39 points to close at 233.59. JMMB Group 6% lost 1 US to close at US$1.04, after exchanging 1,279 units, Proven Investments gained 1 US cents to close at 33 US cents trading 13,745 shares. Sterling Investments closed at 3 US cents, with 6,160 units changing hands and Sygnus Credit Investments lost half of 1 US cent to close at 17 US cents in transferring 84,127 shares.

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TTSE closed week with gains on Friday

January 24, 2020 by

First Citizens Bank closed at 52 weeks’ high on Friday.

The Trinidad & Tobago Stock Exchange closed on Friday with gains in the market indices as more stocks rose than declined.
Trading resulted in an exchange of 403,858 shares, for a sum of $5,540,178 compared to 225,598 shares, amounting to $3,601,556 on Thursday.
The market closed on Friday with 18 securities trading, compared to 11 on Thursday, with eight gaining, four declining as the prices of six closed unchanged. Two stocks closed at 52 weeks’ high and one at 52 weeks’ low.
The T&T Composite Index rose 3.76 points to 1,490.04. The All T&T Index gained 3.87 points to 1,892.47, while the Cross Listed Index added 0.50 points to close at 147.35.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than their last selling prices and two with lower offers.
Gains| Clico Investments closed with a gain of 25 cents at $28.50, with 106,891 units trading, First Caribbean International Bank gained 5 cents and settled at $7.90, with 506 units changing hands, First Citizens Bank finished trading of 700 shares after rising 10 cents to end at a 52 weeks’ high of $46.10. Grace Kennedy closed with an increase of 5 cents and closed at $3.95, with 26,017 units changing hands, Guardian Holdings rose 48 cents and settled at $21.99, after exchanging 8,960 shares, JMMB Group ended trading of 157,602 shares with a gain of 4 cents at $2.70. Massy Holdings rose 48 cents and ended at $61.99, with 9,025 units changing hands and Republic Financial added 49 cents and ended at a 52 weeks’ high of $136.50, after exchanging just 50 shares.
Losses| Scotiabank lost 1 cent and completed trading of 2,347 units at $61.99, Trinidad & Tobago NGL lost 60 cents in trading 16,246 shares and closed at $21. West Indian Tobacco ended trading with 1,120 units and lost 35 cents to settle at $40.65 and Unilever Caribbean shares fell 15 cents to $22 in swapping 2,853 shares.
Firm Trades| Angostura Holdings completed trading of 1,000 stock units at $16.17, CinemaOne ended at $5.75, after exchanging 1,000 shares, Guardian Media settled at $7, after swapping of 2,759 shares. National Flour concluded trading of 2,051 units at $1.40, One Caribbean Media closed at $8.38, with an exchange of 64,231 stock units and Trinidad Cement ended at $1.98, with 500 units crossing the exchange.

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

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

JSE Main Market ekes out gain

January 23, 2020 by

Grace Kennedy ended at a 52 weeks’ closing high.

The Main Market on the Jamaica Stock Exchange posted modest gains at the close on Thursday even as declining stocks doubled advancing ones but with Grace Kennedy and Victoria Mutual investments hitting record highs.
At the close, the JSE All Jamaican Composite Index advanced 478.62 points to close at 546,009.63, the JSE Market Index gained 402.72 points to end at 497,269.11 while the JSE Financial Index rose 0.23 points to 133.40.
The market closed with 47 securities changing hands in the Main and US dollar markets with prices of 11 advancing, 22 declining and 14 remaining unchanged. The JSE Main Market activity ended with 42 securities accounting 22,654,582 units valued at $171,374,765 in contrast to 30,283,990 units valued at $380,332,800 from 39 securities on Wednesday.
 Sagicor Select Financial Fund dominated trading with 9.1 million shares for 40 percent of total volume, followed by Wigton Windfarm with 6.6 million units for 29 percent of the day’s trade, and Sagicor Select Manufacturing and Distribution Fund with 2.4 million shares for 10.6 percent of the market’s volume. Sagicor Group with an exchange of 1.5 million shares, for 6.5 percent of the Main Market volume, was the only other stock trading more than one million units.
 The Market closed with an average of 539,395 units for $4,080,352 for each security traded, in contrast to 776,513 units valued at an average of $9,752,123 on Wednesday. The average volume and value for the month to date amounts to 563,186 units at $3,051,311 for each security changing hands, compared to 564,747 units valued at $2,959,713 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
 IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows seven stocks ending with bids higher than their last selling prices and four closing with lower offers. The PE ratio of the market ended at 19.8, while the Main Market ended at 19.1 times the 2019 earnings.
In the prime market, Caribbean Cement dropped $4.45 to end at $67.56 after trading 108,571 shares, Eppley closed 60 cents lower to $14.40, with 3,543 stock units changing hands, Eppley Caribbean Property Fund lost 96 cents to settle at $38.04, after swapping 500 units. Grace Kennedy climbed $3.99 to end at a 52 weeks’ high of $79, with an exchange of 19,291 shares, Jamaica Broilers declined $1 to $34 in trading 36,873 shares, Jamaica Producers gained $2.61, rising to $25.84 in transferring 12,959 shares. Jamaica Stock Exchange closed $3.40 higher at $34.95, with 59,326 shares changing hands. JMMB Group dropped $2.30 to $45.20, in swapping 109,721 shares, Kingston Wharves plunged $6 to $65 while trading 17,841 units, Palace Amusement lost $1 to settle at $2,789, after an exchange of 70 units. Proven Investments dropped $4.95 to end at $50, with 52,655 shares traded, Sagicor Group declined $5.25 to $64.74 in transferring 1,478,177 shares, Seprod added 50 cents to settle at $49.50 exchanging 23,123 units. Stanley Motta ended at $5.50, after losing 30 cents, with 760,600 units changing hands and Supreme Ventures settled at $23.20, with a loss of 77 cents exchanging 56,451 shares.
Trading in the US dollar market ended with 188,960 units for US$61,283. The market index dropped 6.56 points to close at 234.98. JMMB Group 5.75% preference share gained 38 US cents to end at US$2.10, with 2,000 units changing hands, Margaritaville Turks lost 2.5 US cents to close at 31.5 US cents in exchanging 100 units. Proven Investments lost 2 US cents to close at 32 US cents trading 175,270 shares, Sterling Investments closed at 3 US cents in exchanging 3,000 units and Sygnus Credit Investments gained half of 1 US cent to close at 17.5 US cents after the transfer of 5,590 shares.

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7000 points JSE Main Market drop

January 22, 2020 by

The Jamaica Stock Exchange Main Market dived sharply on Wednesday with the All  Jamaica Composite Index tumbling 7,018.30 points to close at 545,531.01 and the JSE Market Index declining 6,328.36 points to 496,866.39.
The market closed with 42 securities changing hands in the Main and US dollar markets with the prices of 19 advancing, 12 declining and 11 trading firm as the JSE Financial Index lost 2.97 points to 133.17. The PE ratio of the market ended at 20.1, while the Main Market ended at 19.3 times 2019 earnings.
The value stocks trading tripled Tuesday’s level, but the volume was lower, as the market ended with 39 securities changing hands in the Main Market, accounting for 30,283,990 units, valued at $380,332,800, in contrast to 35,465,290 units valued at $125,645,204 from 41 securities on Tuesday.
Wigton Windfarm dominated trading with 9.2 million shares for 30 percent of total volume, followed by Sagicor Select Financial Fund with 7.75 million units for 26 percent of the day’s trade and QWI Investments with 2.4 million shares for 8 percent of the market’s volume. Other stocks trading more than one million units were Caribbean Cement with 1 million units, Jamaica Broilers with 1.1 million shares, Jamaica Producers Group with 1.5 million shares, Jamaica Stock Exchange with 1.2 million, Sagicor Group with 1.14 million and Sagicor Select Manufacturing and Distribution Fund with 1.7 million units.
The Market closed with an average of 776,513 units at $9,752,123 for each security traded, in contrast to 865,007 units at an average of $2,778,194 on Tuesday. The average volume and value for the month to date amounts to 564,747 units valued at $2,959,713 for each security changing hands, compared to 551,005 units valued at $2,487,513 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows six stocks ending with bids higher than their last selling prices and four closing with lower offers.
In the prime market, Barita Investments gained $1 to settle at $72 in trading 158,050 units, Eppley Caribbean Property Fund rose to $39 after gaining 97 cents and exchanging 1,000 stock units, Grace Kennedy climbed $2.51 to end at $75.01, with 28,379 shares changing hands. Jamaica Broilers drifted $2 to $35, in swapping 1,115,542 units, Jamaica Stock Exchange lost $1.33 and ended at $31.55, in transferring 1,203,500 stock units, JMMB Group closed 80 cents lower to $47.50 after exchanging 35,156 shares. NCB Financial gained 50 cents to settle at $190, after swapping 142,993 units, PanJam Investment closed at $100.50, after losing 50 cents trading 14,560 shares, Portland JSX added 99 cents to close at $8.99, with 1,000 units changing hands. Proven Investments climbed $5.45 to end at $54.95, in trading 8,166 shares, Pulse Investments gained 44 cents to end at $6.94, in exchanging 43,234 shares, Radio Jamaica closed 36 cents higher to $1.77 after transferring 33,244 shares. Sagicor Group lost 90 cents to end at $70, with an exchange of 1,137,836 shares, Scotia Group dropped $3.50 to close at $54 trading 24,100 shares, Seprod closed $2 higher at $49 exchanging 284,322 units. Stanley Motta closed at $5.80, after gaining 30 cents in swapping 400 units, Supreme Ventures climbed $2.95 and settled at $23.97, after transferring 96,284 shares, Sygnus Credit Investments closed $1.30 higher to $26.90, with 29,288 shares changing hands. Victoria Mutual Investments added $1 to end at a record high of $12.50, in swapping 519,848 shares and in the preference segment, Eppley 8.25% lost 50 cents to close at a 52 weeks’ low of 5.50 after trading 16,000 stock units.
Trading in the US dollar market ended with 8,264 units valued at over US$2,546. The market index lost 0.11 points to close at 241.54. JMMB Group 6% preference share exchanged 461 units at US$1.05, Proven Investments gained 1 US cent to close at 34 US cents trading 5,987 units and Sterling Investments closed at 3 US cents, with 1,816 units changing hands.

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Sharp surge in JSE Main Market

January 21, 2020 by

Kingston Wharves jumped $9.40 on Tuesday.

The major indices of the Jamaica Stock Exchange surged substantially at the close on Tuesday as Kingston Wharves led price movement with a gain of $9.40 and heavy weighted Scotia Group rose $1.
At the close, the JSE All Jamaican Composite Index soared 8,517.00 points to close at 552,549.31, the JSE Market Index surged 7,718.70 points to 503,194.75 and the JSE Financial Index rose 1.81 points to 136.17.
The market closed with 43 securities changing hands in the Main and US dollar markets with the prices of 15 advancing, 18 declining and 10 trading firm. The JSE Main Market activity ended with 41 securities accounting 35,465,290 units valued at $125,645,204 in contrast to 17,412,213 units valued at $219,477,578 from 42 securities on Monday.
Wigton Windfarm dominated trading with 22.2 million shares for 62 percent of total volume, followed by Sagicor Select Financial Fund with 6.2 million units for 17 percent of the day’s trade and Sagicor Select Manufacturing and Distribution Fund with 2.24 million shares for 6 percent of market share. QWI Investments with 1.56 million units changing hands was the only other company trading more than one million shares.
The Market closed with an average of 865,007 units valued at an average of $3,064,517 for each security traded, in contrast to 414,576 units valued at an average of $5,225,657 on Monday. The average volume and value for the month to date amounts to 551,005 units valued at $2,508,438 for each security changing hands, compared to 528,016 units valued at $2,464,544 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and three closing with lower offers. The PE ratio of the market ended at 19.8, while the Main Market ended at 19.1 times 2019 earnings.
In trading, Barita Investments closed $1 lower to $71, with an exchange of 8,804 units, Berger Paints lost 49 cents to end at $16.51, trading 14,350 shares, Caribbean Cement settled at $72, losing $1 in swapping 5,500 units. Carreras lost 31 cents to close at $7.98, with 364,936 shares changing hands, Grace Kennedy gained 50 cents after transferring 17,959 shares and ending at $72.50, Jamaica Broilers closed at $37, after losing $1 trading 77,652 shares. Jamaica Producers settled at $23, with a loss of $1.61 in swapping 132,056 units, Jamaica Stock Exchange added 88 cents and closed at $32.88, after exchanging 24,557 shares, JMMB Group gained 30 cents to close at $48.30 trading 77,725 shares. Kingston Wharves jumped $9.40 to $71, with 7,780 units changing hands, NCB Financial traded 39,634 units for a loss of 50 cents to settle at $189.50, PanJam Investment ended at $101, with a loss of $1 in trading 31,334 shares. Portland JSX closed 30 cents higher at $8, after swapping 1,500 units, Proven Investments added 50 cents to end at a record closing high of $49.50, with an exchange of 20,981 shares, Radio Jamaica lost 48 cents to settle at $1.41, with 246,227 shares changing hands. Sagicor Real Estate Fund ended 60 cents lower to close at $9 while trading 183,700 shares, Scotia Group added $1 to close at $57.50, after swapping 563,570 shares, Seprod dropped $2.95 to end at $47 while trading 11,255 units. Supreme Ventures tumbled to $21.02, after falling $3.98 and exchanging 56,530 shares, Sygnus Credit Investments closed $1.15 lower to $25.60, with 31,627 shares changing hands and Victoria Mutual Investments rose to a record high of $11.50, with a gain of 54 cents to end at $11.50, as 337,888 shares crossed the exchange.
Trading in the US dollar market ended with 25,611 units valued at over US$4,730. The market index climbed 4.19 points to close at 241.65. Proven Investments gained 1.5 US cents to close at 33 US cents trading 2,218 shares and Sygnus Credit Investments ended 2 US cents higher to settle at 17 US cents with 23,393 units changing hands.

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