Trading returns to norm on TTSE

June 26, 2015 by

Republic Bank may have bottomed out & seems poised to rise.

Republic Bank may have bottomed out & seems poised to rise.

Trading on the Trinidad & Tobago Stock Exchange returned to lower levels investors have become accustomed to in recent months and cooled from high level enjoyed on Thursday when Republic Bank accounted for $30.56 million and Clico Investment with $11 million of the total value of trading.
On Friday the market ended with 11 securities changing hands of which 1 advanced, 4 declined, 6 traded firm, with a total of 642,830 units, valued at $1,697,215 changing hands. At the close, the Composite Index lost 0.43 points to close at 1,161.52, the All T&T Index fell 0.64 points to 1,969.75 and the Cross Listed Index declined by a mere 0.03 points to end at 46.36.
Gains| Unilever Caribbean traded at a new 52 weeks’ high of $66.39 with just 315 units changing hands.
TTSE sum 26-6-15 Declines| ANSA McAl with 700 shares changing hands fell 25 cents to end at $67.25, First Citizens Bank with 1,575 shares trading closed 1 cent lower at $35.75. Grace Kennedy traded 157,665 shares valued at $551,838 for a loss of 3 cents to end at $3.50 and One Caribbean Media had 1,101 units changing hands and lost 2 cents at $22.40.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, CLICO Investment Fund with 8,200 units valued at $185,320 changing hands at $22.60, JMMB Group closing with 362,964 shares with a value of $165,037 to end at 45 cents. Massy Holdings trading 1,647 shares to close at $64.34, National Flour had 104,708 shares changing hands valued at $214,251, to end at $2.05, Republic Bank ended trading with 1,509 shares valued at $173,535 to close at $115. Republic closed with a bid to purchase 7,686 shares at $115 with an offer to sell 1,754 units at $116, an indication that the decline in price may now be over with some recovery may be on the way with the big trade on Thursday. Scotiabank traded 2,446 shares with a value of $152,264 to close at $62.25.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.

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

Scotia Group tops trading on Thursday

June 25, 2015 by

Scotia Group accounted for 79% of shares traded in main market

Scotia Group accounted for 79% of shares traded in main market

Activity on the Jamaica Stock Exchange ended with 8 stocks rising, 13 declining as 29 securities changed hands and ending in 2,085,568 units trading, valued at $38,307,831, in all market segments. The main market had more stocks declining than advancing at the close with 10 falling to 5 advancing. Trading volumes were mostly low with Scotia Group accounting for 1.4 million units or 79 percent of the 1.79 million shares trading in the main market.
The JSE Market Index lost 264.93 points to 97,050.42, the JSE All Jamaican Composite index declining by 296.12 points to close at 107,415.22 but the JSE combined index declined 377.15 points to end at 99,605.19.
IC bid-offer Indicator| At the end of trading,JSE sum 25-6-15 in the main and junior markets, the Investor’s Choice bid-offer indicator was showing a better reading than Wednesday’s close of 9 to 8, with Thursday’s reading of 12 stocks with bids higher than their last selling prices and 5 with offers that were lower.
In trading, Caribbean Cement closed with 48,780 shares changing hands at $5.45 after slipping 5 cents, Carreras put on 2 cents while trading 26,534 shares at $48.37, Gleaner ended with 30,000 shares changing hands but lost 1 cent to close at $1.07, Grace Kennedy gained 45 cents with only 2,040 units changing hands at $63.95. Hardware and Lumber fell 50 cents to $17.50 with 1,500 shares changing hands, Jamaica Broilers lost 50 cents in trading 1,497 units to end at $5.50, JSE fn qts 25-6-15Jamaica Stock Exchange dropped 46 cents in trading 5,400 shares and ended at $6.35. At the close Stocks and Securities offered 982,465 units for sale at $6.80, Kingston Properties climbed $1 to $8 with 2,705 shares, National Commercial Bank rose 10 cents in trading 25,224 shares to close at $29.10, Sagicor Group fell 24 cents with 28,533 units trading to end at $12.61, Scotia Group had 1,419,099 units trading at $23.50, Scotia Investments fell by $2.35 to $27.50 with only 4,217 units. Jamaica Money Market Brokers 8.75% preference share traded 56,983 units at a loss of 1 cent at $2.98 and Proven Investments 8% preference share ended with 42,500 units trading unchanged at $5.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , ,

Price changes hard to find on TTSE

June 23, 2015 by

Unilever at a new high on Tuesday

Unilever at a new high on Tuesday

Trading on the Trinidad Stock Exchange ended with 12 securities changing hands of which 1 advanced, 2 declined and 9 traded firm with a total of 337,437 units, valued at $1,849,127.
At the close of the market, the Composite Index lost 0.19 points to close at 1,160.99, the All T&T Index was unchanged at 1,968.22 and the Cross Listed Index fell by a mere 0.05 points to end at 46.43.
Gains|, Unilever Caribbean traded 100 shares and gained 2 cents to close at a new high of $66.38 and is the only stock gaining at the close.
Declines| National Commercial Bank declined 1 cent to end the day at $1.79 while trading only 2,664 units and One Caribbean Media traded 868 shares, 1 cent lower at $22.42.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA Mcal with 970 shares changing hands and ended at $67.25. CLICO Investment Fund traded just 400 units in closing at $22.57, First Citizens Bank with 18,656 shares trading for $666,952, closed at $35.75, TTSE sum 23-6-15Grace Kennedy contributing just 2,000 shares to close at $3.53 while Guardian Holdings added 1,000 shares to end at $14. Guardian Media trading 7,492 shares closed at $19.76, JMMB Group added 3,663 shares at 45 cents each. Massy Holdings traded 359 shares to close at $64.35, Sagicor Financial Corporation traded 300 shares, to close at $6.30, Scotiabank trading only 50 shares to close 1 cent higher at $62.16 and Trinidad Cement with 301,515 shares changing hands for a value of $874,394, closed at $2.90.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.

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

TTSE continues to mark time

June 22, 2015 by

TTSETrading280x150 Trading on the Trinidad Stock Exchange after it closed on Friday for a public holiday ended with 8 securities changing hands of which advanced, declined and traded firm with a total of 140,193 units, valued at $4,558,611.
At the close of the market, the Composite Index lost 0.19 points to close at 1,161.18, the All T&T Index fell by just 0.50 points to close at 1,968.22 and the Cross Listed Index increased by a mere 0.02 points to end at 46.48.
Gains| Stocks increasing in price at the close are, ANSA Mcal with 60,125 shares trading, valued at $4,043,406 and gained 9 cents, to end at $67.25 and Scotiabank trading only 50 shares to close 1 cent higher at $62.16.
Declines| West Indian Tobacco was the sole stock to decline, falling 50 cents to end the day at $125.50 while trading only 23 units.
Firm Trades| Stocks closing with prices unchanged at the end of trading TTSE sum 22-6-15are, Grace Kennedy contributing just 2,000 shares to close at $3.53, while Guardian Holdings added 1,000 shares to end at $14. Guardian Media trading 126 shares closed at $19.76, Massy Holdings traded 50 shares close at $64.35 and Sagicor Financial Corporation traded 76,819 shares valued at $482,444, to close at $6.30.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.

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

JSE closes up with 15 stocks rising

June 18, 2015 by

Sagicor Group traded at day a new 52 weeks' high on Thursday.

Sagicor Group traded at day a new 52 weeks’ high on Thursday.

Activity on the Jamaica Stock Exchange, resulted in the prices of 15 stocks rising, 8 declining as 30 securities changed hands, ending in 2,795,375 units trading, valued at $21,467,371 and 3 new 52 weeks’ high in all market segments.
TheJSE Market Index gained 372.85 points to 97,630.76, theJSE All Jamaican Composite index rose 416.74 points to close at 108,063.88 and the JSE combined index gained 368.09 points to end at 100,321.14.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, JSE sum 18-6-15the Investor’s Choice bid-offer indicator shows 10 stocks with bids higher than their last selling prices and 7 with offers that were lower.
In trading, Cable & Wireless ended trading with 391,410 shares to end at 45 cents. Caribbean Cement ended with 1,019,125 shares but the price fell 40 cents to $5, Carreras ended trading with 7,660 shares to gain 41 cents to $48.50, Grace Kennedy closed with 32,022 units changing hands, 40 cents higher at $63.90. Jamaica Broilers traded 140,665 shares and was down 5 cents to $5.40, Jamaica Producers jumped $1.46 to $20 on a small volume of 7,239 shares. JMMB Group traded 176,877 shares but remained unchanged at $7.50, National Commercial Bank closed trading with 52,710 units changing hands and gained 5 cents to $29.50, JSE fn qts 18-6-15Sagicor Group traded at a new 52 weeks’ high of $13 during the morning but closed at new 52 weeks’ close of $2.61, 1 cent higher with 69,030 shares trading. Sagicor Real Estate Fund ended with 11,619 shares trading and remained unchanged at $8.
Scotia Group had trading in 208,096 shares to gain just 3 cents at $23.14, Supreme Ventures closed with 64,000 shares changing hands at $3.70. Proven Investments traded 91,678 shares and put on 0.38 US cents at the close, for a new closing high of 22 US cents, while Jamaica Money Market Brokers 7.50% preference share, traded 48,470 units at $2 and Jamaica Money Market Brokers 8.75% preference share traded 30,500 units and lost 1 cent, to end at $2.98.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , ,

$18.50 per share max price for H&L

June 18, 2015 by

True Value FairfieldGrace Kennedy is advising that the terms to dispose of their holdings in Hardware and Lumber (H&L) include a maximum price of J$18.50 per ordinary share subject to conditions and with completion anticipated by the end of July.
The above price is just around book value at the end of March this year and would give Grace Kennedy who owns 58.1 percent of the 80.842 million shares in issue, $845 million.
Don Wehby CEO of Grace indicated that the agreement is conditional and stated that “GraceKennedy is looking forward to the conclusion of the transaction in a timely manner and will communicate further as soon as it is finalized.” He reiterated that Grace Kennedy’s decision to sell its shares in H&L was a strategic one, having regard to its core strategy of expansion in the foods and financial services sectors. He added, “We feel very positive about the continued growth of H&L under the prospective new owners who have signalled that they are excited about the possibilities for the future”.
H&L currently comprises two separate divisions – Rapid True Value local supplier of hardware and home improvement products, and the Agro Grace business, local wholesaler and retailer of agricultural products.
There are currently 10 Rapid True Value outlets across Jamaica, along with six Agro Grace Retail Centres. The company is headquartered at 697 Spanish Town Road in Kingston.
Grace HStGreystone Equity Partners Inc. the proposed purchaser is a Caribbean based and Caribbean focused private equity firm with a stated strong commitment to the Caribbean.
H&L reported profit in 2014 of $217 million or $2.69 per share. Profit after tax for the three-month ended March, 2015 was $34.5 million, 14.5 percent less than the $40.4 million for the same period last year and earnings of 43 cents per stock unit, compared to 50 cents for the comparative period in 2014 after revenues fell 4.5 percent to $1.73 billion.

Filed Under: Breaking News, Company News, General Business News Tagged With: , , , ,

JMMB dominates trading as JSE rises

June 17, 2015 by

JMMB_Building600x250 JMMB Group dominated trading with 9.9 million units valued at $74.5 million on Wednesday in activity on the Jamaica Stock Exchange but the stock price was up only moderately.
In trading the prices of 14 stocks rose, 6 declined as 28 securities changed hands, ending in 13,740,198 units trading, valued at $109,298,383, with two new closing 52 weeks’ high, in all market segments but with Jamaica Broilers trading at a 52 weeks’ high during the day.
TheJSE Market Index gained 661.40 points to 97,257.91, theJSE All Jamaican Composite index rose 739.27 points to close at 107,647.14 and the JSE combined index gained 659.28 points to end at 99,953.05.
Stocks trading include, JSE sum 17-6-15Caribbean Cement adding 800,705 shares to gain 40 cent to close at $5.40 for a new closing 52 weeks’ high, Desnoes & Geddes lost 40 cents to $7.60 with 7,235 shares trading, Hardware and Lumber traded 210,000 shares at $18 but the bid that was at $18 was moved down to $16, shortly the trade. Jamaica Broilers had 47,213 shares trading to close at $5.45 for a gain of 25 cents but traded earlier in the day at $6. JMMB Group traded 9,935,904 shares at $7.50, up from $7.41 on Tuesday, the shares were sold in 10 lots by JMMB Securities and all but 96,142 were purchased by NCB Capital Markets for clients. Mayberry traded 147,3000 shares at $2.88, National Commercial Bank trading only 4,777 shares as high as at $29.99 but closed at $29.45, Pan Jamaican Investment closed at a new 52 weeks’ high of $63.51 with only 5,000 shares but traded at $63.75 during the day. JSE fn qts 17-6-15Sagicor Group in trading 1,773,139 shares, ended up 10 cents higher at $12.40 at the close. Sagicor Real Estate Fund gained 30 cents in trading 23,151 units and closed at $8, Scotia Group ended with 61,864 shares at $23.11, Supreme Ventures had 59,656 shares trading at $3.70 at the end and Jamaica Money Market Brokers 8.75% preference share traded 143,000 units to lose 1 cent and close at $2.99.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 11 stocks with bids higher than their last selling prices and 5 with offers that were lower well down on the 19 bids and 7 offers on Tuesday.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , ,

Witco in big trade on TTSE

June 17, 2015 by

WITCO_Tobacco280x150 Trading picked up on the Trinidad Stock Exchange on Wednesday from Tuesday lacklustre performance on Tuesday with Trinidad Cement over 215,000 shares and West Indian Tobacco having $5.55 million of the value of trading. Trading ended with 13 securities changing hands of which 3 advanced, 3 declined and 7 traded firm, with a total of 544,601 shares, valued at $7,207,809, compared to just 26,774 units, valued at $603,287 on Tuesday.
At the close of the market, the Composite Index remained unchanged at 1,161.56, the All T&T Index fell by 0.12 points to close at 1,969.05 and the Cross Listed Index advanced by 0.02 points to 46.47.
Gains| Stocks increasing in price at the close are, Point Lisas trading 91,315 shares with a value of $349,736 and gained 2 cents to $3.83, Sagicor Financial Corporation trading 4,000 shares to close, 5 cents up at $6.30 and West Indian Tobacco trading 44,288 shares valued at $5,558,144 to end with a gain of 9 cents at $125.50.
Declines| The stocks declining at the end of trading are, Ansa Merchant Bank with 200 shares trading to close lower by 4 cents at $38.90, First Citizens Bank trading 5,184 shares lost 6 cents in closing at $35.75 and Republic Bank lost 3 cents in trading 1,000 shares at a new 52 weeks’ low of $114.93.
TTSE sum 17-6-15 Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund with 1,740 shares to close at $22.57, Grace Kennedy had 45,670 units changing hands at $3.53, Guardian Holdings had 2,000 shares changing hands at $14. JMMB Group trading just 130,000 shares to close at 45 cents, National Enterprises had 1,000 units trading at $17.19, Scotiabank with 500 shares trading, closed at $62.15 and Trinidad Cement trading 217,704 units valued at $631,342 to close at $2.90.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator shows 3 stocks with the bid higher than their last selling prices and 3 with the offer that is lower.

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

Falling prices dominate with 15 down

June 16, 2015 by

Carreras dominated with $64.8M in value

Carreras dominated with $64.8M in value

Activity on the Jamaica Stock Exchange, resulted in the prices of 7 stocks rising, 15 declining as 28 securities changed hands, ending in 4,785,392 units trading, valued at $101,683,594, in all market segments as Carreras dominated trading with shares valued at $64.8 million. For the first time in a few weeks there were no stocks at new 52 week’s high at the close.
TheJSE Market Index lost just 3.39 points to 96,596.51, the JSE All Jamaican Composite index fell 3.79 points to close at 108,907.87 and the JSE combined index gained 28.63 points to end at 99,293.77.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 19 stocks with bids higher than JSE sum 16-6-15 their last selling prices and 7 with offers that were lower, an indication that the number of stocks likely to gain on Wednesday should outnumber the ones declining.
In trading, Cable & Wireless put on 2 cents with 431,297 units changing hands to close at 46 cents. Caribbean Cement rose 1 cent while trading 121,350 shares at $5, Carreras gained 28 cents in trading 1,341,078 to end at $48.35, with NCB Capital Market s being the main broker selling and Sagicor Investments the main broker buying. Grace Kennedy suffered a decline by 40 cents with 8,919 shares changing hands at $63.50, Hardware & Lumber traded 50,000 shares at $18, with just one trade. Jamaica Broilers slipped 30 cents with 23,654 shares trading to close at $5.20, followed by Kingston Wharves that fell 15 cents to $6.40 with only 725 units trading, JSE fn Qts 16-6-15National Commercial Bank traded 528,170 units to close at $29.46 down from the last traded on Monday of $30, as the price slipped 54 cents. Sagicor Group fell 30 cents to $12.30 with 94,210 shares changing hands. The price of Sagicor Real Estate Fund rose 10 cents, with 42,375 shares changing hands, to end at $7.70. Scotia Investments fell 72 cents as 25,291 shares traded to close at $26.28 and Proven Investments traded 595,502 shares at 21 US cents, down from 21.05 US cents on Monday, after 467,745 units were traded in the morning session, at 22 US cents.

Filed Under: General Business News, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , ,

JSE inches up on Monday

June 15, 2015 by

Sagicor traded at a new 52 weeks' high on Monday

Sagicor traded at a new 52 weeks’ high on Monday

Activity on the Jamaica Stock Exchange, resulted in the prices of 14 stocks rising, 10 declining as 33 securities changed hands, ending in 5,016,448 units trading, valued at $23,000,266 and 4 stocks closing at new 52 weeks’ high, in all market segments.
TheJSE Market Index gained 71.71 points to 96,599.90, the JSE All Jamaican Composite index rose 80.16 points to close at 106,911.66 and the JSE combined index gained 34.45 points to end at 99,265.14.
JSE sum 15-6-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 15 stocks with bids higher than their last selling prices and 7 with offers that were lower.
Stocks trading include, Cable & Wireless traded 830,959 units at 44 cents, Caribbean Cement ended with 42,304 shares changing hands at $4.99 after gaining 14 cents. Carreras closed with 47,127 stocks units trading and lost 93 cents at $48.07, Desnoes & Geddes gained 45 cents with just 1,404 units trading, to end at $8, Grace Kennedy had 3,560 shares changing hands after losing 5 cents to end at $63.90. Hardware & Lumber traded 20,000 stocks units with a loss of $1 to close at $18. Jamaica Broilers traded 250,000 shares at $5.50 after shedding 25 cents, Jamaica Stock Exchange traded 9,331 shares to close unchanged at $6.35, JMMB Group closed with 23,587 shares changing hands at $7.45 for a 15 rise, Mayberry Investments had 11,195 units changing hands at $2.88, JSE clse qts- 15-6-15National Commercial Bank traded 48,527 units to close at $30, after gaining 50 cents. Pulse Investments had 306,000 shares trading at a 52 weeks’ high of 55 cents, to record a gain of 10 cents. Radio Jamaica traded 25,185 stocks units with a loss of 1 cent, to close at $3, Sagicor Group traded 776,521 shares to close at a 52 weeks’ high of $12.60, after putting on 54 cents, Scotia Group ended with 14,717 shares trading unchanged at $23.10. Seprod ended with 19,041 shares changing hands at $15.45 for a gain of 7 cents, Jamaica Money Market Brokers 7.50% preference share traded 435,206 units at $2 and Jamaica Money Market Brokers 8.75% preference share traded 324,497 units at $3.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , ,