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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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.

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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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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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Producers & NCB dominate trading – Monday

December 18, 2017 by

Trading on the Main Market of the Jamaica Stock Exchange, closed on Monday with 20 securities changing hands. 9 advanced, 7 declined and 2 traded firm resulting in 8,452,293 units valued at $389,568,108 trading as Jamaica Producers with 4.36 million shares and NCB Financial with 3.14 million shares, dominated trading.
At the close, the JSE All Jamaican Composite Index declined by 238.01 points to close at 304,534.13 and the JSE Index shed 216.86 points to close at 277,465.02.
In the market activity, Berger Paints finished at $16, with 200 shares changing hands, Cable & Wireless settled 5 cents higher at $1, with 205,419 shares, Caribbean Cement ended trading with a loss of $1.30 at $31.70, with 4,243 stock units, Carreras traded with a loss of 51 cents at $10.99, with 117,938 units, Grace Kennedy closed 51 cents higher at $42.50, with 12,713 shares. Jamaica Broilers ended with a loss of 50 cents at $17.50, with 255,683 stock units, Jamaica Producers concluded trading 5 cents higher at $15.20, with 4,355,410 units, Jamaica Stock Exchange finished with a loss of 50 cents at $6.50, with 74,200 shares, JMMB Group settled 51 cents higher at $24.01, with 19,804 shares. Kingston Wharves traded with a loss of $1.95 at $30.05, with 5,927 units, Mayberry Investments finished trading 25 cents higher at $5.95, with 4,915 shares, NCB Financial Group closed with a loss of 1 cent at $98.99, with 3,140,031 shares, PanJam Investment concluded trading with a rise of $1 to $45, with 5,967 units. Radio Jamaica ended trading 4 cents higher at $1.05, with 134,756 stock units, Sagicor Group traded with a loss of $1.50 at $35.50, with 3,440 units, Sagicor Real Estate Fund finished trading at $15, with 1,718 shares, Scotia Group ended with a gain of $1.89 to $51.90, with 76,666 stock units and Supreme Ventures settled 69 cents higher at $10.70, with 13,469 shares. In the main market preference segment, Jamaica Money Market Brokers 7.5% traded 394 units at $1.90 and JMMB Group 7.5% ended trading at $1.50, with 19,400 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 declines on Monday.”

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Management reshuffle at Grace

December 18, 2017 by

Grace Kennedy Head Office

Group Chief Executive Officer, Don Wehby.

Grace Kennedy senior management undergoes major changes at the start of 2018, a report from the Group stated.
Andrea Coy will be appointed CEO of GK Foods International Business a position previously held by Ryan Mack. Grace Kennedy’s manufacturing and distribution operations in the USA, Canada and the UK will fall under Coy’s remit as well as the Company’s continued expansion into West Africa and Europe. Andrea will also have responsibility for Grace Kennedy’s distribution operations in Latin America and the Caribbean.
“Andrea has had a series of achievements during her career at Grace Kennedy and has successfully led the transformation and growth of several companies within the Group. I am confident that she will do a tremendous job in ensuring Grace Kennedy continues to deliver on its mission to become a Global Consumer Group,” Wehby said.
Ryan Mack will take up the role of CEO of GK Foods Domestic Business and will be responsible for the Hi Lo Food Stores, GK’s Manufacturing Operations in Jamaica, GK’s local Distribution Operations which comprises of Grace Foods & Services, World Brands Services and Consumer Brands Limited. Ryan has held several senior roles across the Group and will bring key learnings gained from his years in the UK and the USA.

Andrea Coy

In making the announcements, Wehby indicated that “Ryan Mack is well respected internationally in the foods business and we are extremely happy to have him back in Jamaica to build on the significant growth that we have been experiencing in these core areas. I am very confident that these changes will improve efficiencies and further streamline the organisation allowing us to achieve the stated growth objectives for 2018 and beyond.”
Derrick Reckord will be appointed to act as President and CEO of Grace Kennedy Foods. During his time with the Company Reckord has been instrumental in developing and growing GK’s business in the US. Prior to his appointment in his current role as Senior Vice President of the US operations in 2014, Derrick led the Company’s development of its US and Caribbean export markets.
Margaret Campbell, currently Chief Financial Officer of GKMS, will be appointed Country Manager for the Jamaican operations. GKMS is the exclusive agent for Western Union in Jamaica and several Caribbean countries.
Steven Whittingham, will be appointed to the Company’s Executive Committee. The Executive Committee, which is chaired by the Group CEO, has executive leadership responsibility for overseeing the Group’s operations.
Whittingham will continue in his roles as Chief Investment Officer for the Grace Kennedy Group and Managing Director of GK Capital Management and GK Investments. Whittingham has significant experience in investments, mergers and acquisition and entrepreneurial management in the USA, Europe and the Caribbean.

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Supreme Ventures trades 51m shares – Friday

December 15, 2017 by

Supreme Ventures 50.86 million trade, was by far the largest on the Jamaica Stock Exchange on Friday, accounting for $509 million of the total amount traded, including two main blocks of 25 million units each.
Trading resulted in 52,433,941 units valued at $551,963,793 and closed with 13 securities advancing, 8 declining and 4 traded firm as 25 securities changed hands. At the close, the JSE All Jamaican Composite Index rose 824.75 points to 304,772.14 and the JSE Index advanced 751.44 points to close at 277,681.88.
In the market activity, Barita Investments concluded trading 20 cents higher at $7.95, with 21,250 units changing hands, Berger Paints finished with a loss of $1 at $16, with 4,850 shares, Cable & Wireless settled with a loss of 5 cents at 95 cents, with 71,897 shares, Caribbean Cement ended trading $2 higher at $33, with 15,171 stock units. Carreras traded 50 cents higher at $11.50, with 229,700 units, Grace Kennedy closed with a gain of 49 cents to $41.99, with 3,550 shares, Jamaica Broilers ended 70 cents higher at $18, with 22,839 stock units, Jamaica Producers concluded trading with a gain of 6 cents to $15.15, with 14,380 units changing hands. Jamaica Stock Exchange finished at $7, with 15,951 shares, JMMB Group settled with a loss of $2.40 at $23.50, with 427,304 shares trading, Kingston Wharves traded with a loss of 30 cents at $32, with 500 units, Mayberry Investments finished trading with a loss of 30 cents at $5.70, with 88,101 shares. NCB Financial Group closed at $99, with 177,145 shares, 1834 Investments gained 1 cent to $1.21, with 2,626 stock units, Palace Amusement jumped $10 to a record high of $560, with just 129 stock units trading, PanJam Investment concluded trading $4 higher at $44, with 10,250 units, Portland JSX rose 68 cents to $9.18, with 48,560 shares. Pulse Investments settled at $1.78, trading 800 shares, Radio Jamaica ended trading with a loss of 2 cents at $1.01, with 38,000 stock units, Sagicor Group traded $1.50 higher at $37, with 27,900 units, Sagicor Real Estate Fund finished trading at $15, with 106,818 shares. Scotia Group ended with a loss of $1.94 at $50.01, with 131,325 stock units trading, Seprod concluded trading $2.50 higher at $30, with 19,000 units and Supreme Ventures settled with a loss of 29 cents at $10.01, with 50,855,895 shares trading. In the main market preference segment, Jamaica Money Market Brokers 7.5% traded 100,000 units at $1.90 after rising by 5 cents.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Supreme Ventures dominant trade – Friday.”

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Rising stocks edge out falling ones

December 14, 2017 by

The Main Market of the Jamaica Stock Exchange pulled back at the close on Thursday leading the JSE All Jamaican Composite Index to drop by 1,614.44 points to 303,947.39 while the JSE Index fell 1,470.94 points to 276,930.44.
Trading ended with 21 securities changing hands, of which 9 advanced, 7 declined and 2 traded firm, resulting in 3,826,874 shares valued at $91,752,590 changing hands.
In the market activity, Cable & Wireless settled 1 cent higher at $1, with 62,773 shares, Caribbean Cement ended trading 99 cents higher at $31, with 300 stock units, Carreras traded 50 cents higher at $11, with 64,737 units, Grace Kennedy closed with a loss of 50 cents at $41.50, with 121,270 shares, Jamaica Broilers ended with a loss of 40 cents at $17.30, with 9,000 stock units. Jamaica Stock Exchange finished with a loss of 20 cents at $7, with 24,500 shares, JMMB Group settled $1.92 higher at $25.90, with 3,063,904 shares, Kingston Wharves traded 30 cents higher at $32.30, with 3,475 units, Mayberry Investments finished trading at $6, with 100,788 shares. NCB Financial Group closed with a loss of 99 cents at $99, with 42,547 shares, PanJam Investment concluded trading with a loss of $5 at $40, with 10,105 units, Pulse Investments settled 8 cents higher at $1.78, with 10,000 shares, Radio Jamaica ended trading with a loss of 2 cents at $1.03, as 33,567 stock units changed hands. Sagicor Group traded 22,758 units and gained 85 cents to close at $35.50, Sagicor Real Estate Fund finished trading at $15, with 200 shares, Scotia Group ended $1.85 higher at $51.95, with 117,552 stock units, Seprod concluded trading 50 cents higher at $27.50, with 485 units and Supreme Ventures settled with a loss of 26 cents at $10.30, with 105,825 shares. In the main market preference segment, Jamaica Money Market Brokers 7.25% traded 150 units at $2.49 and the 7.5% closed at $1.85 with 19,937 shares and JMMB Group 7.5% ended trading at $1.15, with 13,001 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 main market falters on Thursday.”

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Big jump in JSE main market – Wednesday

December 13, 2017 by

Trading on the Main Market of the Jamaica Stock Exchange closed on Wednesday with a big rise in the market indices as investors continue shaking off the sell-off leading up to the four Initial Public Offers that were on the market and closed last week and earlier this week.
The market activity resulted in a surge of 2,953.90 points in the JSE All Jamaican Composite Index to close at 305,561.83 while the JSE Index jumped 2,691.33 points 278,401.38 at the close of a moderate day of market activity.
At the close of the market, 22 securities changing hands, securities changing hands, 11 advanced, 5 declined and 5 traded firm with 868,056 units valued at $20,860,689 compared to 1,747,498 units valued at $52,030,701 from 22 securities changing hands on Tuesday.
Trading ended with an average of 39,457 units for an average of $948,213 in contrast to 79,432 units for an average of $2,365,032 on Tuesday. The average volume and value for the month to date amounts to 127,855 units valued at $2,927,387 and previously, 137,727 units valued at $3,179,073. 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 9 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Proven Investments US ordinary share was the sole trade in the US dollar market, with 3,925 units valued at over US$903 changing hands in closing at 23 US cents, with the JSE USD Equities Index closing unchanged at 174.66.
The major movers at the close, are Berger Paints rising $1.50, JMMB Group rising 97 cents, Mayberry Investments rising 82 cents, PanJam Investment jumping $3.50 while Caribbean Cement fell $1.21, Grace Kennedy with a loss of $1, Sagicor Group falling $1.85, while Scotia Group lost 90 cents.

For more details of market activities see – “Stocks rise in moderate trading.”

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JSE stocks rise in moderate trading

December 13, 2017 by

Bulls pushing Jamaican stocks.

Trading on the Main Market of the Jamaica Stock Exchange closed with 22 securities changing hands, of which 11 advanced, 5 declined and 5 traded firm with just 868,056 units valued at a mere $20,860,689.
Trading resulted in the JSE All Jamaican Composite Index climbing 2,953.90 points to close at 305,561.83 and the JSE Index advanced by 2,691.33 points to close at 278,401.38.
In the market activity, Berger Paints finished $1.50 higher at $17, with 8,715 shares, Caribbean Cement ended trading with a loss of $1.21 at $30.01, with 5,500 stock units, Carreras traded 15 cents higher at $10.50, with 168,396 units, Grace Kennedy closed with a loss of $1 at $42, with 31,693 shares. Jamaica Broilers ended at $17.70, with 11,221 stock units, Jamaica Producers concluded trading with a loss of 1 cent at $15.09, with 5,239 units, Jamaica Stock Exchange finished 20 cents higher at $7.20, with 31,833 shares, JMMB Group settled 97 cents higher at $23.98, with 44,686 shares. Kingston Wharves traded at $32, with 3,927 units, Mayberry Investments finished trading 82 cents higher at $6, with 150,597 shares, NCB Financial Group closed at $99.99, with 96,102 shares, 1834 Investments ended at $1.20, with 336 stock units, PanJam Investment closed trading with a rise of $3.50 to $45, with 4,959 units. Pulse Investments settled 20 cents higher at $1.70, with 47,159 shares, Radio Jamaica ended trading 5 cents higher at $1.05, with 20,362 stock units, Sagicor Group traded with a loss of $1.85 at $34.65, with 52,540 units, Sagicor Real Estate Fund finished trading 51 cents higher at $15, with 6,698 shares. Salada Foods Jamaica closed 24 cents higher at $9.85, with 5,450 shares, Scotia Group ended with a loss of 90 cents at $50.10, with 25,560 stock units, Sterling Investments finished at $12, with 14,527 shares and Supreme Ventures settled 31 cents higher at $10.56, with 130,956 shares. In the main market preference segment, JMMB Group 7.5% ended trading at $1.15, with 1,600 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 “Big jump in JSE main market – Wednesday.”

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