Jamaican stocks prices are still cruising on a high with the junior market hitting new high for the fourth day in a row and the main market continuing to move away from resistance heading towards 115,000 point.
The next major level to cross with the all Jamaica Composite index having passed the 110,000 mark as it gained 611.62 to sit at 110,122.61 after an hours trading. The junior market index is at an all-time high of 882.38 points having put on 13.39 in the early morning session.
The junior market has so far traded 9 securities and the main market 14 securities trading and resulted in 3.85 million units changing hands. A total of 7 stocks rose in price and 8 declined so far.
The notable trades so far are Caribbean Cement trading 232,500 shares with the price rising back to $5, Grace Kennedy trading 93,525 units at $65.25, Mayberry Investments with 2,734,501 units up $3 but now is back at $2.79, Seprod with 101,474 at $18.25. All the Mayberry shares were purchased through Mayberry Investments, with JMMB Securities virtually all except for 1,900 units with most being sold from JMMB inventory and bought by Mayberry for their in house purposes.
JSE over 110K, juniors new high Thursday
TTSE closes mostly positively
At the close of the market, the Composite Index rose 0.18 points to close at 1,154.68, the All T&T Index advanced by 0.30 points to 1,969.13 and the Cross Listed Index increased by a mere 0.01 points to 44.62.
Gains| Stocks increasing in price at the close are, Guardian Holdings trading 4,500 units, increasing by 5 cents to end at $14.30. Grace Kennedy traded 72,810 shares for $255,539 to close 1 cent higher at $3.51 and National Flour Mills added 5,076 shares to gain 2 cents to end at a 52 weeks’ high of $1.64.
JMMB Group with a decent volume of 141,875 shares changing hands for a value of $78,031, closed with the loss of 1 cent at 55 cents.
Firm Trades|Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund closed trading with 8,911 shares valued at $201,031, to close at $22.55, First Citizens Bank trading 473 shares to close at $35.78. Massy Holdings traded 330 shares to close unchanged at $63.43 followed by Sagicor Financial Corporation trading 261 shares to end at $5.91. Scotiabank with just 812 shares ended at $62.50 followed by Republic Bank contributing 7,726 shares to the overall volume traded in the market and carrying a value of $888,490 to end at $115.
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 2 stocks with offers that were lower.
Six up 1 down on TTSE
Trading on the Trinidad Stock Exchange ended on Thursday with 11 securities changing hands of which 6 advanced, 1 declined and 4 traded firm with a total of 149,740 units, valued at $857,089.
At the close of the market, the Composite Index rose 1.09 points to close at 1,154.50, the All T&T Index remained unchanged at 1,968.83 points and the Cross Listed Index fell / increased by 0.29 points to end at 44.61.
Gains| Stocks increasing in price at the close are, Grace Kennedy with 49,642 shares trading for $173,727, closing at $3.50 with a 1 cent increase. JMMB Group contributed 36,565 shares while increasing by 6 cents to end at 56 cents, had 1,564 units trading, 2 cents higher to $1.62, while Prestige Holdings with 50,000 shares changing hands for a value of $500,000, closed with an increase of 12 cents to $10. Sagicor Financial Corporation added 7,293 shares and gained 1 cent to end at $5.91 and Scotia Investments ended with just 186 units changing hands but the price climbed 5 cents to $1.50.
Declines| Guardian Holdings declined 1 cent to end at $14.25 with 3,000 shares changing hands and was the only stock declining.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens Bank trading 1,090 shares to close at $35.78, Massy Holdings trading just 50 shares at $63.43, Republic Bank traded 200 shares at $115 and Scotiabank traded 150 shares and ended at $62.43.
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 2 stocks with offers that were lower.
Market makes small correction
Although there were more stocks rising than falling, declines in the prices of National Commercial Bank and Scotia Group were the main reason behind the fall. At the close, the JSE Market Index lost 606.45 points to 95,482.64, the JSE All Jamaican Composite index fell 678.03 points to close at 105,472.32 and the JSE combined index dropped 514.59 points to close at 97,418.36.
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 only 2 with offers that were lower.
In trading, Cable & Wireless ended with 899,126 shares trading at 48 cents, Caribbean Cement closed with 3,506,670 units trading 20 cents higher to $4.20, but the stock traded as high as $5. Trading was halted in the stock when it initially hit $5, that price, exceeded 15 percent permitted initially, but on resumption after an hour and minutes before trading closed, the trade at the high, went through. Carreras finished with 8,160 units as the price slipped 32 cents to $47.18, Grace Kennedy finished trading with 216,915 units and put on 41 cents to close at $64.01. JMMB Group concluded trading with just 10,465 shares and closed with a gain of 30 cents at a new 52 weeks’ high of $8.30, Mayberry Investments traded 264,418 units to close higher by 14 cents higher at $2.79 for a new 52 weeks’ high. National Commercial Bank finished trading with 3,569,062 shares but the price dropped by 51 cents to $29.99 after trading as high as $30.50, Sagicor Group had dealings in 34,220 units to close with a gain of 47 cents, to a new 52 weeks’ closing high of $12. Scotia Group contributed 1,236,023 units with a decline of 49 cents to $25, Scotia Investments ended with 19,550 shares trading lower by $2.72 to $24.28, Supreme Ventures closed with 31,377 shares trading with a gain of 1 cent to a new 52 weeks’ closing high of $3.51 and Proven Investments finished with 22865 units to end at 21 US cents.
Light trading as 4 stocks rose
Trading on the Trinidad Stock Exchange was with 13 securities changing hands of which 4 advanced, 1 declined and 8 traded firm with a total of 510,508 units, valued at $2,696,066.
At the close of the market, the Composite Index rose 0.72 points to close at 1,153.12, the All T&T Index gained 1.43 points to close at 1,968.24 and the Cross Listed Index remained at 44.32.
Gains| Stocks increasing in price at the close are, First Citizens Bank trading only 277 shares, to close with a gain of 1 cent at $35.77. Guardian Holdings with 26,723 shares trading for $378,664, ended with a gain of 2 cents at $14.17, Massy Holdings trading 121 shares to close with a gain of 5 cents at $63.42 and Trinidad Cement with 395,056 shares changing hands for a value of $1,145,163, gained 15 cents to end the day at $2.90.
Declines| Clico Investment Fund is the sole stock declining at the end of trading with 29,500 shares valued at $665,031 but declined by 1 cent to end at $22.54.
Firm Trades| Stocks closing with prices unchanged are, Agostini’s trading 500 shares traded at $17.25, Ansa Merchant Bank contributed 3,871 shares to close unchanged at $38.90, Grace Kennedy trading 1,100 units to close at $3.49. JMMB Group trading 12,000 shares to end at 50 cents, One Caribbean Media with just 10 shares changing hands, closed at $22.30, Prestige Holdings added 17,300 shares valued at $173,006 to close at $10, Republic Bank with 50 shares, closed at $115 and Sagicor Financial Corporation contributed 24,000 shares with a value of $141,600 and closed at $5.90.
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 1 with a lower offer.
JSE off to tamer start than Friday
Trading on the Jamaica Stock Exchange stared off the week on a calmer note, than it did last Friday but there have been a few sizable trades so far.
The larger trades in the first hour of trading are, Caribbean Cement with 300,000 changing hands at $4.08, Grace Kennedy 215,470 shares at $64, National Commercial Bank 3,512,412 shares at $30 and Scotia Group first traded 690,287 shares at $25 and then added more at $24.50 and a 1,390 units traded at $25, to bring the total to 714,543 units. The bulk of the National Commercial Bank shares were crosses done by NCB Capital Markets and that of Scotia Group were crosses done by Scotia Investments as well as purchased from other brokers. Thirteen stocks have traded so far amounting to 4.99 million units with four coming from the junior market.
Main Market| The JSE Market Index gained 712.88 points to 95,376.21, the JSE All Jamaican Composite index jumped 797.02 points to close at 105,353.33, just below the level reached on November 11, 2011 and the JSE combined index leaped 679.81 points to close at 97,253.14.