MVL Stockbrokers sold a series of large trades in several stocks in early Wednesday trading and VMBS Wealth was the main buyer in what appears to be prearranged trades. The trades had negligible impact on the market indices. IC Insider has been reliably informed, that the trades reflect transfer of shares that were held at the JCSD under broker MVL Stockbrokers for VMBS Wealth pension funds and have been transferred to VMBS Wealth as the brokerage house. So far its is unclear why the change was not effected by a instructions to the Stock Exchange to simply switch the broker’s accounts.
A total of 32 securities with a volume of only 32,708,601 units valued at $359,295,340 have traded with 13 stocks declining versus only 6 that rose.
The All Jamaica Index trades at 108,749.59 to dip 117.62 points, JSE Market Index fell 105.24 points to 98,244.17. The combined index slipped 114.26 points to be at 100,935.78 and the junior market index 916.82, down 1.66 points.
Significant trades are Grace Kennedy with 1,399,021 units, Jamaica Stock Exchange 2,105,142 shares, JMMB Group 8,580,291 shares Lasco Manufacturing 12,000,000 units and Sagicor Group 2,940,000.
MVL & VMBS Wealth big trades on Wednesday
JSE drops back again on Tuesday
The Jamaica Stock Exchange on Tuesday closed with main market indices dropping once more with declining stocks exceeding advancing ones but with a big jump in the amount of money involved in the trades. The market closed with a fairly high participation rate of 32 securities changing hands.
there were 9,467,807 units trading, valued at $111,559,301 with JMMB Group and National Commercial Bank accounting for the largest trades. At the close 7 stocks rose, 10 declined, in all market segments and the JSE Market Index fell 422.05 points to 98,349.41. The JSE All Jamaican Composite index lost 471.73 points to close at 108,867.21 and the JSE combined index dropped 671.77 points to end at 101,050.04.
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 that reflects continuation of declining stocks having the upper hand over advancing ones with 6 stocks with bids higher than their last selling prices and 12 with offers that were lower.
In trading, Cable and Wireless gained 3 cents with 77,930 units and closed at 43 cents, Caribbean Cement had 436,403 units changing hands at $8, Carreras closed with 253,200 shares trading 91 cents lower at $49.50, Grace Kennedy closed with 500,134 shares trading $64, Jamaica Broilers traded at $5.60 with 119,948 shares changing hands. JMMB Group traded 1,957,370 shares to close 2 cents up at $7.52, Mayberry Investments ended with 200,000 
shares changing hands to close at $3.40 for a gain of 52 cents, National Commercial Bank traded 980,250 shares to end with a decline of $1.25 at $28.75, Pan Jamaican gained 55 cents to end at $61.25 with 5,500 units changing hands. Radio Jamaica traded 20,000 shares unchanged at $3.01, Sagicor Group with 40,000 shares changing hands, closed 1 cent lower at $12.95, Sagicor Real Estate Fund with 76,290 shares closed 50 cents lower at $7.80. Scotia Group traded 200,000 units to close with a loss of $1.64 at $24.36, Supreme Ventures ended at $3.80 with 112,413 units to be up by 46 cents and Jamaica Money Market Brokers 7.50% preference share traded 499,600 units at $2.
Over 3,000 points off JSE for week
NCB helped pull the JSE down by more than 3,000 points in closing at $28.02 on Friday.
At the close, the JSE Market Index fell 680.29 points to 97,761.47, for the week the index lost 3,047.20 points. The JSE All Jamaican Composite index dived 760.37 points on Friday and 3,405.92 for the week to close at 108,210.06 and the JSE combined index dropped 731.14 points for the day and 3,285.21 points for the week, to end at 101,078.60.
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 that reflects continuation of declining stocks having the upper hand over advancing ones with 8 stocks with bids higher than their last selling prices and 8 with offers that were lower.In trading, Caribbean Cement had 87,642 units changing hands at $8, Carreras traded 163,263 shares at $50, Desnoes & Geddes traded 1,732,428 shares at $7, Gleaner closed with 18,416 shares and rose 12 cents to $1.92. Jamaica Broilers traded at $5.62 with 203,100 shares changing hands for a loss of 23 cents, JMMB Group traded 254,309 shares for a fall of 45 cents to $7.50,
Kingston Wharves ended with 6,000 shares changing hands to close at a 52 weeks’ high of $7.20 for a gain of 4 cents. National Commercial Bank traded 390,891 shares to end lower by 98 cents to $28.02, Palace Amusement traded 6,300 shares at $88 to add $13, Proven Investments ordinary share traded 320,000 units at 20.55 US cents, up 1.05 cents. Sagicor Group with 134,976 shares changing hands, closed 5 cents higher at $13, Scotia Group traded 166,559 units to close at $24, up 25 cents. Supreme Ventures ended at $3.30 with 15,253 units to be down by 5 cents and Jamaica Money Market Brokers 7.50% preference share traded 486,000 units at $2.
No end to TTSE fall
In overall trading Thursday on the Trinidad & Tobago Stock Exchange,15 securities changed hands, the price of 1 rose, 4 declined including 2 closing at a 52 weeks’ low and 10 traded with prices unchanged as a total of 174,395 shares traded, valued at $2,472,069.
At the close of the market, the Composite Index slid 2.06 points to 1,145.61, the All T&T Index fell 2.75 points to 1,954.54 and the Cross Listed Index fell 0.18 points to close at 44.15.
Gains| Clico Investment Fund traded 58,680 shares valued at $1,320,867 and closed 1 cent higher at $22.51.
Losses| ANSA McAL contributed 636 shares in trading, to close at $67.25 with the loss of a cent, JMMB Group traded 2,000 shares to close 4 cents down at 41 cents. National Enterprises with 827 shares changing hands, and lost 9 cents, to close at a 52 weeks’ low at $17 and Republic Bank suffered a loss of 1 cent to close at a 52 weeks’ low of $113.99 with 6,423 shares changing hands, at a value of $732,158.
Firm Trades| Angostura Holdings with 40 shares changing hands, closed at $14, Ansa Merchant Bank traded 446 units at $38.95, Grace Kennedy had 240 units changing hands at $3.50, Guardian Holdings added 2,000 shares to close at $12.90, Guardian Media 
traded 300 shares with the price remaining at $19.76. Massy Holdings traded 73 shares to close at $67.02, National Flour Mills with 51,250 shares traded and closed at $2.20, One Caribbean Media traded 100 shares with the price closing at $22.31, had 712 shares changing hands at $62.32 at the close and Trinidad Cement traded 50,668 at $2.90.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.
JSE drops sharply on Wednesday
The Jamaica Stock Exchange on Wednesday closed with main market indices recording big losses, cancelling out the gains made in yesterday’s trading. The market closed with a fairly high participation rate of 33 securities changing hands accounting for 3,862,624 units trading, valued at $45,895,747 with 9 stocks rising, 16 declining with 1 stock closing at 52 weeks high, in all market segments.
At the close, the JSE Market Index fell 2,316.03 points to 99,099.31, the JSE All Jamaican Composite index dived 2,588.67 points to close at 109,705.40 and the JSE combined index dropped 2,164.74 points to end at 102,674.88.
The eve of and the actual Treasury bill auction days, historically have not been good for the local stock market. Stockbrokers main focus is on the outcome of the auction and interest rates out turn as well as how successful their bidding was. Wednesday’s sluggishness and pull back in prices could be related to this development with today being the day when Treasury bill bids are opened. At the close of trading on Tuesday the signals were for a weaker market on Wednesday as such today’s declines should come as no great surprise.
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 that is better than Tuesday’s reading, with only of 3 stocks with bids higher than their last selling prices and 9 with offers that were lower. Today’s reading is 4 stocks with bids higher than their last selling prices and 6 with offers that were lower, a reading that still carries some negative undertone.
In trading, Cable and Wireless had 306,499 shares changing hands with a loss of 3 cents, to end at 40 cents, Caribbean Cement had 19,000 units changing hands at $8, Gleaner closed with 23,326 shares and fell 17 cents to $2. Grace Kennedy traded firm at $64 with 54,439 shares, Jamaica Broilers traded at $6.05 with 42,876 shares changing hands, Jamaica Producers traded at $18.25 with 4,000 shares changing ownership with a loss of 25 cents. JMMB Group traded 5,909 shares at $7.95 to add 22 cents, with the company reporting strong increase in profit for the first quarter. Jamaica Stock Exchange lost altitude and traded with a decline of $1.50 to $7.50 with only 7,100 shares changing hands.
Mayberry Investments had 242,254 shares trading down 26 cents to $3.14, National Commercial Bank traded 421,180 shares to end at $30, Palace Amusement gained $10 in trading 2,500 shares to end at $75, Pan Jamaican Investment closed at $60.70 after trading 1,539 shares with a loss of $1.30. Sagicor Group with 1,077,602 shares changing hands, closed 50 cents up, at $13.50, Sagicor Real Estate Fund gained 95 cents to close at $8.75 while trading 10,095 units, Scotia Group traded 471,710 units to close at $23.70, down 80 cents, Supreme Ventures ended at $3.50 with 56,004 units to be down by $1 and Jamaica Money Market Brokers 7.50% preference share traded 150,200 units at $2.
JSE up but looks weak at close
Jamaica Stock Exchange Traded at a new high of $9 on Tuesday.
At the close, the JSE Market Index jumped 687.52 points to 101,415.34, the JSE All Jamaican Composite index rose 768.46 points to close at 112,294.07 and the JSE combined index gained 530.40 points to end at 104,839.62.
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 that was very negative with only of 3 stocks with bids higher than their last selling prices and 9 with offers that were lower.In trading, Cable and Wireless with 154,750 shares changing hands with a loss of 1 cent to end at 43 cents, Caribbean Cement had 50,227 units changing hands with a gain of 50 cents at $8, Carreras traded at $50 with 8,706 shares changing hands, Gleaner closed with 63,082 shares and fell 56 cents at $2.17. Grace Kennedy traded at $64 down $1 with 79,842 shares, Hardware & Lumber ended up at $17, after adding $1 with just 500 units changing hands. Jamaica Broilers traded at $6.05 with 8,300 shares changing ownership and lost 94 cents, Jamaica Producers traded at $18.40 with 4,198 shares changing ownership with a loss of 60 cents. JMMB Group traded 20,084 shares at $7.73 to lose 26 cents, with the company reporting strong increase in profit for the first quarter, Jamaica Stock Exchange traded 70 cents up at a new high of $9 with only 9,990 shares changing hands. Mayberry Investments had 50,000 shares trading at $3.40, National Commercial Bank traded 62,888 shares at $30,
Palace Amusement gained $5 in trading 566 shares to end at $65, encouraged by the company reporting earnings of $26.56 per share for the year ended June. Pan Jamaican Investment closed at $62 after trading 27,303 shares to gain $1. Sagicor Real Estate Fund lost 30 cents to close at $7.80 while trading 140,000 units, Salada Foods ended with 2,750 units trading at $8.50 with a loss of $1.90. Scotia Group traded 25,980 units to close at $24.50, up 50 cents, Supreme Ventures ended at $4.50, with 20,000 units to be up 50 cents but the bid at the end of the day was at $4 to sell 300,000 units and Proven Investments ordinary share traded 137,105 units at 19 US cents, up from 18.5 US cents.
JSE slips slightly at close Monday
The Jamaica Stock Exchange on Monday closed with main market indices undergoing small losses. The Jamaica stock market closed with 8 stocks rising, 12 declining as 28 securities changed hands with 3,402,118 units trading, valued at $40,255,758, in all market segments.
At the close, the JSE Market Index dropped 80.85 points to 100,727.82, the JSE All Jamaican Composite index shed 90.37 points to close at 111,525.61 and the JSE combined index dipped 54.59 points to end at 104,309.22.
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 7 stocks with bids higher than their last selling prices and 6 with offers that were lower.
In trading, Berger Paints had 27,080 shares changing hands with a gain of 5 cents to end at $2.60, Carreras dropped $1.50 to $50 with 157,969 shares changing hands, Gleaner closed with 70,665 shares and gained 2 cents at $2.73 after the price had fallen in the morning session to $2.30. Hardware & Lumber ended up at $16, after adding $1 with 13,500 units changing hands. Jamaica Producers traded at $19 with 100,000 shares changing ownership. 
JMMB Group traded 12,000 shares up to $7.99 to gain 19 cents, with the company reporting strong increase in profit for the first quarter, National Commercial Bank traded 99,530 shares at $30 while losing 10 cents. Pulse Investments lost 10 cents in trading 57,000 shares to end at 35 cents, Radio Jamaica traded 27,440 shares to end at $4, with a gain of 5 cents, Sagicor Group ended trading with 1,770,848 units at $13, Sagicor Real Estate Fund lost 20 cents to close at $8.10 while trading 23,990 units. Scotia Group did not trade but had a bid at $24.51 that is higher than the last selling price of $24 and Scotia Investments traded 9,157 with decline of 69 cents to $27.30.
Witco back at $126 on TTSE
Witco gained 63 cents on TTSE on Monday
In overall trading on the Trinidad & Tobago Stock Exchange on Monday, million worth of stocks traded and ended with 10 securities changing hands with 2 stocks rising, 4 declining and 4 traded with prices unchanged as a total of 339,807 shares traded, valued at $2,428,548.
At the close of the market, the Composite Index gained 0.17 points to 1,151.22, the All T&T Index rose 0.35 points to 1,958.71 and the Cross Listed Index remained at 45.09.
Declines| Clico Investment Fund traded 4,035 shares and closed at $22.50, down 1 cent, Guardian Holdings with 34,627 shares changing hands for a value of $446,688, closed at $13.90, after shedding 10 cents to end at a 52 weeks’ low. One Caribbean Media traded 2,875 shares with the price falling 9 cents to $22.31 and Republic Bank traded just 75 units, 7 cents lower at $114.90.Firm Trades| First Citizens Bank with 500 shares changing hands, closed at $35, Grace Kennedy added 760 shares at $3.50, National Enterprises ended at $17.09 with 500 shares changing hands and Sagicor Financial Corporation added 296,085 shares valued at $1,776,458 to end at $6.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 5 stocks with offers that were lower.
Clico traded $34m shares on TTSE
Trading on the Trinidad & Tobago Stock Exchange saw $35 million worth of stocks trading and ended with 9 securities changing hands with 2 stocks rising, 1 declining and 6 traded with prices unchanged as a total of 1,623,705 shares traded, valued at $35,006,596.
At the close of the market, the Composite Index gained 0.26 points to 1,151.05, the All T&T Index rose 0.44 points to 1,958.36 and the Cross Listed Index added 0.01 point to end at 45.09.
Gains| National Enterprises increased 4 cents to end at $17.09 with 556 shares changing hands and Scotia Investments was the volume leader with 50,000 shares changing hands 1 cent higher at $1.51.
Declines| Massy Holdings traded 118 units, 3 cents lower at $63.05.
Firm Trades| Clico Investment Fund traded 1,534,780 shares valued at $34,547,898 to close at $22.51, Firstcaribbean International Bank added 5,000 shares at $6, 
Grace Kennedy ended with 17,789 units changing hands at $3.50, National Flour Mills traded 3,000 shares to close at $2.10, Sagicor Financial Corporation added 12,697 shares to end at $6 and Scotiabank traded 3,365 shares unchanged at $62.31.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 6 stocks with offers that were lower.
Scotia Group fall hits JSE indices
Scotia lost $2 on Friday
At the close, the JSE Market Index dropped 1,377.83 points to 100,808.67, the JSE All Jamaican Composite index shed 1,540.03 points to close at 111,615.98 and the JSE combined index dipped 1,378.55 points to end at 104,363.81.
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 6 stocks with bids higher than their last selling prices and 4 with offers that were lower.In trading, Cable and Wireless ended with 636,069 units changing hands to close 5 cents higher at 45 cents, Caribbean Cement stock rose 35 cents to close at $7.50 with 353,986 units traded, Gleaner closed with 127,400 shares traded to close at $2.71 for a loss of 1 cent, Jamaica Broilers traded at $7 with 18,345 shares changing ownership. Jamaica Stock Exchange traded 14,875 shares at a new all-time high of $8.30 to gain $1.29, JMMB Group
traded 6,545 units with the price rising 30 cents to end at $7.80, National Commercial Bank traded only 7,843 shares at $30.10. Pan Jamaican Investment closed at $61 after trading 5,484 shares, 9 cents higher, Proven Investments closed at 18.55 US cents after declining 0.45 US cents with 40,884 shares changing hand. Pulse Investments lost 15 cents in trading 62,750 shares to end at 45 cents, Radio Jamaica traded just 20,296 shares to end at $3.95, for a 5 cents fall, Sagicor Group ended trading with 46,300 units at $13 to fall by 10 cents. Sagicor Real Estate Fund closed at $8.30 while trading 15,274 units, Scotia Group lost $2 and ended with 89,612 units trading at $24 and Jamaica Money Market 7.5% preference ended at $2 with 54,500 units changing hands.