After clearing the near 11 year record high set back in January 2005 on Monday on Jamaica Stock Exchange bulls continued their rampage and pushed the market on Tuesday to a new record high of 143,154 points after adding 2,959.73 points on the all Jamaica Composite Index.
A total of 24 stocks rose, 10 declined as 40 securities, totalling 6,809,889 units valued at $47,476,253 changed hands, in all market segments. A total of 12 stocks ended at 52 weeks’ closing highs and 3 traded at 52 weeks’ intraday high. The JSE Market Index shot up 2,648.39 points to 129,029.81, a new closing high. JSE combined index climbed 2,323.43, points to end at a new closing high of 133,399.90.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 12 stocks with bids higher than their last selling prices and 2 with offers that were lower.
In trading, Berger Paints traded 15,000 shares and gained 40 cents to close at $3.40 for a 52 weeks’ high, Cable and Wireless closed with a gain of 24 cents as with 338,626 shares changed hands to end at 52 weeks’ high of $1.26. The stock closed 76,499 units on the bid at $1.27 and with over 2,168,716 million shares on the bid at $1.26. Caribbean Cement gained $1 to end at $18.50 for a new 52 weeks’ closing high, with 193,583 shares changing hands. Cement closed with seven lots being offered amounting to just over 400,000 shares between $18.50 and $24. Carreras ended at 52 weeks’ high with 5,000 share trading at $53 after adding 98 cents, Ciboney Group traded 200,000 shares to end at 9 cents after gaining 1 cent. Desnoes & Geddes had 451,515 units changing hands to close at $30, Grace Kennedy exchanged 1,200 shares at $67.50 to close at a new 52 weeks High as the price gained $2.40, Jamaica Broilers traded 162,859 shares to close at $8.01. JMMB Group lost 45 cents in trading 115,050 shares to close at $9.75, Mayberry Investments traded 49,431 shares and gained 31 cents to end at a 52 weeks high of $3.81, National Commercial Bank rose 12 cents to end with 73,630 shares trading at $31.50. Pan Jamaican price traded 12,771 shares to end at $80, Pulse Investments traded 118,971 and close at 5 by gaining 4 cents, Sagicor Group lost 20 cents with 68,757 shares trading to close at $14.30. Sagicor Real Estate Fund traded 25,000 units as the price gained 80 cents to close at $10 for a 52 weeks’ high. Scotia Group ended with 125,411 shares trading closed at $26.50 after rising by 50 cents, Seprod traded 31,400 shares at $14.96, Sterling Investments traded 216,400 shares to close at $13, Supreme Ventures ended at $3.90 with 808,203 units changing hands and lost 10 cents. Jamaica Money Market Brokers 8.75% preference share, had 100,000 units changing hands at $2.70 and Proven Investments 8% preference share closed with a loss of 10 cents as 120,500 units traded to end at $4.95.
National Gas settles at $23 on TTSE
Newly listed Trinidad and Tobago NGL traded on the Trinidad and Tobago Stock Exchange on Tuesday to close at $23 with 676,145 shares valued at $15,551,335 changing hands. The stock closed with a bid of $23 to buy 16,943 shares with 1,500 units on offer at $23.25.
Activity on the Stock Exchange, ended with 12 securities trading. At the close, there were only 1 stock closing higher, 3 declined and 8 remained unchanged as a total of 1,084,127 units, valued at $18,947,984 changed hands.
At the close the Composite Index ending with a fall of 2.67 points at 1,147.46, the All T&T Index declined by 4.47 points to 1,950.04 and the Cross Listed Index fell 0.12 at 45.24.
Gains| Guardian Media gained 1 to end the day at $19.77 but with just 1 share trading.
losses| Guardian Holdings lost 25 cents to close with 103,000 shares valued at $1,318,300 changing hands at $12.80, for a 52 weeks’ low, National Enterprises with 11,725 shares changing hands, and lost 22 cents, to close at a 52 weeks’ low at $16.50 and National Flour Mills with 8,230 shares trading, lost 1 cent in closing at $1.90.
Firm Trades| Clico Investment Fund closed with 57,330 shares valued at $1,290,019 to end at $22.50, First Citizens Bank traded 5,761 shares and closed at $35. Grace Kennedy traded 5,000 units to close at $3.60, JMMB Group with a volume of 160,215 shares being traded at43 cents, National Commercial Bank in trading 54,404 shares closed at $1.67, Republic Bank traded 1,113 shares and closed at $112, Scotiabank traded 1,203 units at $62.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower.
National Gas slips on TTSE
Newly listed Trinidad and Tobago NGL traded on the Trinidad and Tobago Stock Exchange on Friday, to close at $23.98 with 232,104 shares valued at $5,570,126 changing hands, the price slipped 2 cents. The stock closed with a bid of $23.50 to buy 2,200 shares with 728 units on offer at $24.
Activity on the Stock Exchange, ended with 10 securities trading. At the close, there were 2 stocks closing higher, 1 declined and 7 remained unchanged as a total of 297,852 units, valued at $7,435,092 changed hands.
At the close the Composite Index ending with a fall of 0.93 points at 1,151.16, the All T&T Index declined by 1.85 points to 1,955.66 and the Cross Listed Index remained at 45.48.
Gains| West Indian Tobacco traded just 325 shares to close with a gain of 1 cent at $126.01.
losses| Guardian Holdings closed with 19,076 shares changing hands at $13.05 after dropping 7 cents.
Firm Trades| Angostura Holdings had 19,921 shares changing hands with the price to close at $14, Clico Investment Fund closed with 2,702 shares trading to end at $22.51, First Citizens Bank traded 5,708 shares and closed at $35. FirstCaribbean International Bank traded 1,000 shares and closed at $5, Flavorite Foods traded 500 shares at $4.80, One Caribbean Media traded 101 units to close at $22 and Scotiabank traded 16,415 shares valued at $1,025,938 to close at $62.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than the last selling price and 6 stocks with offers that were lower.
JSE closing on record for Jamaican stocks
The Jamaica Stock Exchange closed on Thursday with the All Jamaican Index just under 2,500 points away from the old record 138,917.59 reached on 24th of January 2005.
By the close 4 stocks ended trading, at 52 weeks’ closing highs and Desnoes and Geddes traded during the day at intraday high of $30.25. A total of 14 stocks rose, with 10 declined as 29 securities, totalling 5,416,421 units valued at $103,069,379 changed hands, in all market segments. The JSE Market Index shot up 355.39 points to 123,026.73, the JSE All Jamaican Composite index gained 397.16 to end at 136,445.59 and the JSE combined index climbed 435.35, points to end at a new high of 127,702.70.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 12 stocks with bids higher than their last selling prices and 4 with offers that were lower.
In trading, Cable and Wireless closed with a gain of 5 cents as 368,000 shares changed hands to end at 52 weeks’ high of 67 cents, Caribbean Cement gained 38 cents to end at $14.18 for a new 52 weeks’ closing high, with 137,325 shares changing hands. Carreras fell 50 cents while trading 219,140 shares to end at $52, Desnoes & Geddes had 2,001,720 units changing hands, to close at $30, Grace Kennedy exchanged 63,262 shares at $64.75 to gain 19 cents, Jamaica Broilers lost 20 cents in trading 62,885 shares to close at $7.80, JMMB Group gained 55 cents in trading 231,000 shares to close at $10. Kingston Wharves traded 13,300 shares to close at $9, National Commercial Bank closed with a loss of 60 cents with 259,300 shares trading to end at $31. Pan Jamaican price jumped $2 in trading 20,000 shares to end at a 52 weeks’ high of $72, Radio Jamaica traded 55,799 units but the price fell 50 cents to close at $3.50, Scotia Group ended with 61,695 shares trading at $25 after falling $1. Scotia Investments ended with 20,000 shares trading at $26, Proven Investments ordinary share traded 170,644 units with a loss of 0.50 cent to end at of 24.5 US cents and Supreme Ventures gained 15 cents and ended at $3.90 with 372,698 units changing hands.
Moderate trading on TTSE
Trinidad and Tobago NGL traded on the Trinidad and Tobago Stock Exchange on Wednesday to close unchanged at $25 with 23,524 shares valued at $588,100, down sharply from the 7,645,914 shares valued at $191,137,391 changing hands on Tuesday. The stock closed with a bid of $24 to buy 10,776 shares with 12,313 units on offer at $24.98
Activity elsewhere on the Stock Exchange, on Wednesday ended with 9 securities trading. At the close, there was 1 stock closing higher, 3 declined and 5 remaining unchanged as a total of 395,045 units traded, valued at $1,770,230.
At the close the Composite Index ending with a fall of 0.04 points at 1,152.50, the All T&T Index gained 0.26 points to 1,958.33 and the Cross Listed Index is down 0.04 to 45.48.
Gains| Trinidad Cement had 28,650 units changing hands at $3.20 with a rise of 4 cents to close at a new 52 weeks’ high.
Losses| Angostura Holdings had 8,237 shares changing hands with the price shedding 1 cent to close at $14, JMMB Group lost 1 cent in trading 300,000 units and closed at 42 cents and First Citizens Bank traded 3,226 shares and closed 1 cent lower at $35.
Firm Trades| Clico Investment Fund closed with 25,600 shares valued at $576,104 changing hands, to end at $22.51, Grace Kennedy traded 2,500 units to close at $3.60, National Enterprises closed with 1,216 shares trading for $16.72 and Scotiabank ended with 2,092 shares trading to end at $62.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than the last selling price and 6 stocks with offers that were lower.
T&TNGL climbs $2 on TTSE
Trinidad and Tobago NGL traded on the Trinidad and Tobago Stock Exchange on Tuesday and gained TT$2 to close at a new high of $25 with 7,645,914 shares valued at $191,137,391 changing hands. The stock closed with a bid of $24 to buy 422 shares with 21,663 on offer at $25.
Activity elsewhere on the Stock Exchange, on Tuesday ended with 11 securities trading. At the close, there was just 4 stocks closing higher,1 declined and 5 remained unchanged as a total of 7,755,051 units traded, valued at $192,821,409.
At the close the Composite Index ending with a rise of 2.39 points at 1,152.54, the All T&T Index gained 4.74 points to 1,958.07 and the Cross Listed Index was unchanged at 45.52.
Gains| Angostura Holdings had 598 shares changing hands with the price gaining 1 cent to close at $14.01. Ansa Merchant Bank traded 200 units to close 1 cent higher at $38.95, Clico Investment Fund closed with 59,746 shares valued at $1,344,882 changing hands to end at $22.51, after gaining 1 cent and First Citizens Bank traded 1,636 shares and closed 1 cent higher at $35.01.
Losses| Guardian Holdings lost 1 cents in trading 10,0001 shares and closed at $13.12.
Firm Trades| JMMB Group traded 21,276 units and closed at 43 cents, Republic Bank closed with 459 shares trading for $112, Scotiabank ended with 19 shares trading to end at $62.50. West Indian Tobacco traded just 200 shares to close at $126 and Trinidad Cement had 15,000 units changing hands at $3.16.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower.