Demand came in for a number of stocks on Tuesday morning in trading on the Jamaica Stock Exchange with Margaritaville Turks having 577,051 units changing hands having gained 2.47 US cents to trade at 17.47 US cents.
Other stocks that came in for decent demand are, Grace Kennedy with 61,027 shares, Jamaica Broilers 79,000 shares, Radio Jamaica 125,520 stock units, Caribbean Cream 143,550 shares, Lasco Financial Services 144,669 units and Lasco Manufacturing with 74,201 shares.
Trading saw all major indices rising after 75 minutes of trading on Tuesday with an average of 57,433 per active stock traded, up from an average of 54,170 units traded in the mid-morning session on Tuesday.
A total of 23 securities compared, accounting for 1,320,967 shares changed hands at 10.45 am as 7 stocks gained and 7 declined.
The market saw the all Jamaica Composite Index dived 3,468.44 points to 167,465.91, the JSE Market Index dropped 3,101.35 points to 150,786.29the JSE combined index ending with a fall of 2,931.71 points to 159,046.28 and the junior market index fell 5.34 points to 1,869.38.
JSE gives up gains in early trading – Tuesday
JSE Majors down again on Wednesday
The main indices of the Jamaica Stock Exchange fell again on Wednesday with 40 securities changing hands, in all market segments and ended with 13 stocks rising and 20 declining. Trading accounted for 7,303,091 units valued at $119,963,779 changing hands in all markets with the junior market accounting for 898,831 units valued at $4,498,985 changing hands.
The JSE Market Index suffered a loss of 587.05 points to end at 149,350.58, the all Jamaica Composite Index fell 656.54 points to 165,860.26 and the JSE combined index declined 530.26 points, to close at 157,213.08.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 9 stocks with bids higher than their last selling prices and 6 with lower offers.
At the end of the market activities, Barita Investments ended with 20,617 units traded, to close at $3.30, with a loss of 20 cents, Berger Paints traded only 2,300 shares to lose 20 cents and closed at $3.80, Cable & Wireless rose 8 cents to $1.21 in trading 1,222,482 units. Caribbean Cement dropped $2.61 to close at $19.89 with 1,335,571 shares changing hands Carreras ended trading only 66,741 shares to end $1 lower at $65, Ciboney gained 4 cents to close at 21 cents with 74,000 shares changing hands, Grace Kennedy lost $1 and closed with 41,858 shares changing hands at $80. Jamaica Broilers traded 27,750 units to close at $14.50. Jamaica Stock Exchange traded 13,110 shares but lost 50 cents to end at $19, JMMB Group had 10,352 shares changing hands at $9.75 after easing by 25 cents, National Commercial Bank fell by 4 cents with 1,817,770 shares changing hands to close at $40.01. Pan Jamaican Investment traded 17,626 shares to close at $90, Sagicor Group ended with 13,200 shares changing hands at $23. Scotia Group traded 8,700 shares to close with a gain of 50 cent at $30, Supreme Ventures gained 50 cents to close at $5.50 with 30,000 units changing hands, Proven Investments ordinary shares traded 62,418 units to end at 16 US cents and the JMMB Group 7.50% preference share fell 13 cents in trading 1,611,098 units at $1.07.
More losses for JSE – Thursday
The Jamaica Stock Exchange lost more ground on Thursday with the combined index slipping 379 points. The main market continued to lose altitude but technical indicators point to a bottom not being too far away. On Thursday 31 securities changed hands, in all market segments ended with 9 stocks rising and 15 declining. One US market stock, traded at an intraday 52 weeks’ low.
The market closed with 4,962,606 units valued at $68,438,047 changing hands in all markets. The junior market accounted for 785,366 units valued at $2,423,588 changing hands.
The JSE Market Index dropped 484.50 points to end at 149,798.18, the all Jamaica Composite Index dropped 541.85 points to end at 166,360.83 and the JSE combined index fell 379.21 points, to close at 157,037.38.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 13 stocks with bids higher than their last selling prices and 3 with lower offers.
At the end of the market activities, Berger Paints traded 62,542 units but fell 26 cents to end at $3.50, Cable & Wireless sunk 4 cents to 96 cents in trading 2,100,134 units, Caribbean Cement lost 10 cents with just 18,082 shares changing hands to end at $23.90, Carreras lost $1.14 in trading 23,000 shares to end at $65. Grace Kennedy closed with 286,469 shares changing hands at $80 after losing 20 cents, Jamaica Broilers traded 323,265 units to close at $14.70, after rising 20 cents. JMMB Group had 11,750 shares changed hands at $10, Kingston Wharves gained 20 cents in trading 89,288 shares to close at $11.50, National Commercial Bank fell 50 cents with 169,634 shares changing hands, to close at $40.50, Pan Jamaican Investments traded 41,878 shares to close at $93. Radio Jamaica with the largest trade of 51,800 shares but lost 10 cents to close at $1.15, Sagicor Group fell 50 cents and ended with 34,000 shares changing hands at $23.10, Sagicor Real Estate Fund traded 100,500 shares to close at $10.02. Scotia Group traded 336,878 shares to close at $30.50 after rising by 50 cents, Supreme Ventures slipped 14 cents to close at $4.86 with 32,376 units changing hands, Proven Investments ordinary shares traded 483,600 units to end at 17.5 US cents, up from 17.47 cents previously, but only after it traded at a 52 weeks’ low of 15 cents. At the close there are only 4 bids to buy the stock for 15 cents down to 10 cents.
4 new lows on TTSE – Thursday
The Trinidad & Tobago Stock Exchange recorded another day of declines as new 52 weeks’ lows dominated the market on Thursday. Trading ended with 213,809 shares valued at $4,891,014 changing hands. The market closed with 11 securities traded, 2 gained, 4 declined, while 5 remained unchanged. Four stocks closed at 52 weeks’ low at the end of trading.
At the end of trading, the Composite Index lost 1.20 points to close at 1,131.76, the All T&T Index fell 2.45 points to close at 1,809.83 and the Cross Listed Index gained 0.01 point to end at 60.26.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with the bid higher than the last selling price and 7 with offers that were lower.
Gains| National Flour closed with 97,658 shares changing hands at $2.25 after rising 15 cents while Trinidad and Tobago NGL gained 2 cents to close at $20.52 as 3,050 units traded.
Losses| Angostura Holdings ended with 1,500 shares changing hands to decline by 7 cents to close at a 52 weeks’ low of $13.18, Massy Holdings ended with 70,000 shares valued at $3,832,500 changing hands as the price dropped by 12 cents to end at a 52 weeks’ low of $54.75. Readymix dived $2.65 with 100 shares changing hands to close at a 52 weeks’ low of $15.05 and Republic Financial Holdings declined by 48 cents to close at a 52 weeks’ low of $111 with 2,500 shares changing hands.
Firm Trades| Clico Investment Fund ended at $22.51 with 6,310 shares valued at $895,673 changing hands, Guardian Holdings had 12,669 shares changing hands for a value of $519,400, to close at $13.25, Grace Kennedy had 18,479 shares changing hands at $5.15. Sagicor Financial closed at $7.01 with 1,000 units changing hands and West Indian Tobacco traded 543 shares to close at $126.28.
Big RJR trade on JSE – Wednesday
Stocks & Securities executed the bulk of the 148,818,235 Radio Jamaica shares that traded on the Jamaica Stock Exchange on Wednesday, with a value of $186 million. At the market continued to lose altitude, with the majority of stocks trading declining by more than a 2 to 1 ratio on Wednesday as 36 securities changed hands, in all market segments. The market ended with 9 stocks rising and 21 declining. One junior market stock traded at an intraday high.
The market closed with 153,740,039 units valued at $225,415,956 changing hands in all markets. The junior market accounted for 2,838,527 units, valued at $11,128,849 changing hands.
The JSE Market Index dropped 1,921.08 points to end at 150,282.68, the all Jamaica Composite Index dropped 2,148.48 points to 166,902.68 and the JSE combined index plunged 2,346.74 points, to close at 157,416.59.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 8 stocks with bids higher than their last selling prices and 6 with lower offers.
At the end of the market activities, Cable & Wireless sunk to $1 in trading 1,046,100 units, to close with a 7 cents loss, Caribbean Cement dropped $1 with just 250 shares changing hands to end at $24, Carreras added $1.12 in trading 6,526 shares to end at $66.14. The Gleaner Company, now renamed 1834 Investments and owns the non-media assets of the company, traded 15,000 units to close with a loss of 17 cents at a new low of $1.60. Grace Kennedy closed with 23,026 shares changing hands at $80.20 after losing $1.70 cents, Jamaica Broilers traded 71,240 units to close at $14.50, after falling 10 cents, Jamaica Producers traded 5,000 shares at $31. JMMB Group rose 30 cents as 24,730 shares changed hands at $10, Kingston Wharves traded 51,000 shares to close at $11.30, National Commercial Bank rose 49 cents with 108,051 shares changing hands to close at $41, Pan Jamaican Investments traded 15,826 shares to close at $93. Radio Jamaica with the largest trade of 149 million shares but lost 18 cents to close at $1.25, Sagicor Group fell 40 cents and ended with 333,131 shares changing hands at $23.60, Sagicor Real Estate Fund gained 2 cents in trading 45,610 shares to close at $10.02. Scotia Group traded 205,685 shares to close at $30, Scotia Investments fell $2.85 with only 916 shares changing hands to end at $25.10. Supreme Ventures rose 5 cents to close at $5 with 10,390 units changing hands, Proven Investments ordinary shares traded 112,700 units to end at 17.47 US cents down from 17.50 cents previously.
TTSE struggles along – Wednesday
The Trinidad & Tobago Stock Exchange recorded a mild gain on Wednesday as trading ended with 145,432 shares valued at $2,060,668 changing hands as 5 securities traded with large values. The market closed with 12 securities traded, 2 gained, 3 declined, while 7 remained unchanged. One stock closed at a 52 weeks’ high and two at 52 weeks’ lows.
At the end of trading, the Composite Index lost 0.94 points to close at 1,132.96, the All T&T Index fell 1.80 points to close at 1,812.28 and the Cross Listed Index eased by 0.01 at 60.25.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 6 stocks with the bid higher than the last selling price and 10 with offers that were lower the same as on Tuesday.
Gains| National Enterprises closed with just 900 shares changing hands at $10.06 after rising 6 cents and Prestige Holdings traded 82 units to close with a gain of 5 cents at close at a 52 weeks’ high of $11.26.
Losses| Guardian Holdings had 39,200 shares changing hands for a value of $519,400 but lost 55 cents, to close at $13.25. Republic Financial Holdings declined by 1 cent to close at a 52 weeks’ low of $111.48 with 35 shares changing hands and Scotiabank closed with 85 shares changing hands with a loss of 1 cent at a 52 weeks’ low of $57.40.
Firm Trades| Clico Investment Fund ended at $22.51 with 39,790 shares valued at $895,673 changing hands, FirstCaribbean International Bank traded 9,126 shares to close at $6.50, First Citizens had 5,900 shares changing hands with the price ending at $33.98. Grace Kennedy had 27,531 shares changing hands at $5.15. Sagicor Financial closed at $7.01 with 18,153 units changing hands while Trinidad and Tobago NGL closed at $20.50 as 4,600 units traded and West Indian Tobacco traded 30 shares to close at $126.28.