Trinidad Cement stock gained 19 cents in Thursday’s trading ahead of the rights issue which starts next week, but still below the price of $2.90 that the each of the share in the rights issue will be priced at.
Trading on the Trinidad Stock Exchange ended with 9 securities changing hands of which 4 advanced, 4 declined and 1 traded firm with a total of 768,222 units, valued at $3,782,768. At the close of the market, the Composite Index rose by 0.10 points to close at 1,148.66, the All T&T Index gained 1.09 points to close at 1,979.85 and the Cross Listed Index fell 0.12 points to end 41.57.
Gains| Stocks increasing in price at the close are, Clico Investment Fund with only 480 shares trading, advanced by 1 cents to $22.53 while National Enterprises added 32,693 shares, valued at $567,368 and gained 6 cent at $17.40. National Flour Mills closed with 7,953 shares with a gain of 2 cents to end at $1.52 and Trinidad Cement with 368,999 shares changing hands for a value of $921,497.50, gained 19 cents to end the day at $2.50.
Declines| The stocks declining at the end of trading are, Grace Kennedy closed trading with 15,000 shares at $3.60 with a 1 cent decline. Massy Holdings trading 1,238 shares to close at 63.59, with a loss of 1 cent for a new 52 weeks’ low. Republic Bank traded 1,000 shares at $118.38, to close with a decline of 2 cents and Sagicor Financial Corporation suffered a loss of 14 cents to close at $5.10 while trading 305,259 shares for $1,557,119.
Firm Trades| Guardian Holdings contributed 35,600 shares with a value of $462,800 and closed at $13.
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.
TCL jumps 19 cents to $2.50
Gleaner’s big trade on JSE
Activity picked up on the Jamaica Stock Exchange on Wednesday and resulted in the prices of 5 stocks rising, 3 declining as 22 securities changed hands, ending with 47,574,512 units trading, valued at $46,962,041, in all market segments as the Gleaner Company posted the largest trade.
Gleaner Company ended with more than 32 million units valued at $27.36 million trading. Broker, Stocks & Securities played a major role in the trade, with all units sold, executed by them as brokers with buying by MVL Stockbrokers for all but 185,000 units. The trades have removed a major overhang of selling from the market but still leave more selling at the closing price and some offers close to the closing price.
Main Market| The JSE Market Index gained 338.21 points to 80,218.87, the JSE All Jamaican Composite index rose 378.14 points to close at 88,406.72 and the JSE combined index gained 297.60points to close at 82,097.57.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 7 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.
C&W traded 1.9m shares and gained 2 cents to end at 50 cents on Wednesday
Firm| The stocks in the main market to close without a change in the last traded prices are, Caribbean Cement closing with 10,000 shares trading at $2.85, Carreras ending with 22,192 shares trading at $44.50, Gleaner closing with 32,184,601 shares changing hands at 85 cents. Jamaica Broilers closed with 25,966 shares trading at $4.02, Mayberry Investments had 7,886 units trading at $1.95 and Sagicor Real Estate Fund closed with 3,200 shares changing hands at $6.70.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Jamaica Money Market Brokers concluding trading with 579,863 ordinary shares changing hands to close 10 cents lower to $6.90 and Proven Investments ended trading with 9,810 shares trading lower by 0.05 cent to 18 US cents.Preference| Jamaica Public Service 9.5% preference share traded 881 units at $1,125 and Jamaica Money Market Brokers 7.50% preference share ended with 1,460,887 shares changing hands to close $2.
JMMB crosses 5M of its shares
JMMB big in house share exchange on Tuesday
At the end of trading on the Jamaica Stock Exchange, the prices of 9 stocks rose, 5 declined as 27 securities changed hands, ending in 7,105,912 units trading, valued at $40,386,959, in all market segments.
Main Market| The JSE Market Index lost only 0.09 points to 79,880.66, the JSE All Jamaican Composite index declined by a mere 0.18 points to close at 88,028.58 and the JSE combined index gained 0.69 points to close at 81,799.97.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 7 stocks with bids higher than their last selling prices and 3 with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of the close in the main market are, Caribbean Cement finishing with 20,000 shares while gaining 24 cents to $2.85, Gleaner closing with 100 shares to gain 2 cents at 85 cents. Jamaica Money Market Brokers with 5,146,081 ordinary shares, gained 7 cents to $7, Kingston Wharves traded 850 shares with the price jumping 20 cents to $5.75. National Commercial Bank traded only 7,853 shares to end with an increase of 2 cents to a new 52 weeks’ closing high of $22.02 and Sagicor Group with 12,644 shares trading 6 cents higher to close at $10.31.Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless ending trading with 311,206 units at 48 cents, Grace Kennedy closed with 9,728 units to end at $60, Jamaica Broilers concluding trading with 30,300 shares at $4.02, Sagicor Real Estate Fund ended trading 215 shares at $6.70.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Scotia Group closed with 13,433 shares trading lower by 20 cents to $20.80 and Supreme Ventures in trading 100 units, the price slipped 3 cents to $1.82.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 15,800 units to end with an increase of 1 cent to $3.04 and Proven Investments 8% preference share traded 135,400 units changing hands to close at $5.
NCB & Scotia push JSE up
In Monday’s trading, the main market of the Jamaica Stock Exchange climbed sharply, but only 12 securities traded in the market.
At the close bid prices were strongly in support of the market with some slight upward bias. The attached chart shows the bids and offers at the close of the market, with the volumes at the lowest offers and highest bids. The chart provides investors with much more information than has been shown to the public. Investors can get some indication of supply and demand posted in the market with the immediate volumes on the bid to buy or the amounts on offer, at the disclosed prices. What is shown represents only the stocks on offer to sell and the amounts being purchased at the prices shown. IC Insider will now be posting these daily.
In Tuesday’s trading watch Carreras that closed with a bid of $44.51, Grace Kennedy, bid $60 and National Commercial Bank bid of $22.
Market jumps 1,213 pts on low volume
Scotia Group closed higher at the close & helped to push market up on Monday
Main Market| The JSE Market Index gained 1,383.93 points to 79,880.82, the JSE All Jamaican Composite index rose 1,547.29 points to close at 88,028.76 and the JSE combined index gained 1,212.61 points to close at 81,799.28.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 8 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Jamaica Money Market Brokers ending trading 15,714 ordinary shares while gaining 3 cents to $6.93. National Commercial Bank closing with 10,450 shares to end with an increase of 98 cents to $22, Radio Jamaica closing with 66,000 shares, the price inched up 5 cents to $1.35 and Scotia Group finishing with only 2,750 shares to end with an increase of 65 cents at $21.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless with 43,379 shares changing hands, closed at 48 cents. Carreras closing with 2,370 shares trading and ended at $44.50, Grace Kennedy closed with 6,750 units trading at $60, Jamaica Broilers had 45,000 shares changing hands at $4.02, Jamaica Producers ending with 1,798 shares trading at $17, Mayberry Investments finished with 1,800 shares changing hands to close $1.95, Proven Investments ending with 17,450 shares trading, to finish at 18.5 US cents and Sagicor Group finishing with 410,514 units trading at $10.25.Declines| The only stocks closing with a loss at the end of trading in the main market is, Sagicor Real Estate Fund closed with 18,070 shares trading lower by 10 cents to $6.70.
Preference| Jamaica Money Market Brokers 7.50% preference share traded 1,596,100 units at $2.
3 stocks gained on TTSE Monday
Trading on the Trinidad Stock Exchange closed with 10 securities changing hands of which 3 advanced, 4 declined and 3 traded firm with a total of 118,492 units, valued at $7,843,551.
At the close of the market, the Composite Index rose 0.07 points to close at 1,148.94, the All T&T Index fell by just 0.47 points to close at 1,980.31 and the Cross Listed Index increased by 0.08 points to end at 41.58.
Gains| Stocks increasing in price at the close are, Agostini’s with 1,650 shares trading, closed up a cent at $17.60, Jamaica Money Market Brokers added 7,426 shares to gain 1 cent to 45 cents and Prestige Holdings with a volume of 20,800 shares traded for $205,920 and gained 20 cents to a new 52 weeks’ high of $9.90.
Declines| The stocks declining at the end of trading are, Massy Holdings trading 108 shares and closed with a loss of 4 cents at $63.64. Republic Bank with 62,721 shares changing hands for a value of $7,431,803, closed with a loss of 10 cents at $118.49 and Trinidad Cement traded 5,000 shares valued to close with a loss of 5 cents at $2.50.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund traded 2,400 shares and remained at $22.50, Grace Kennedy with 7,374 shares, to close at $3.61 followed by Guardian Holdings contributed 2,000 shares with the price closing unchanged at $13.10 and Sagicor Financial Corporation contributed 9,013 shares at $5.25.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.
Carreras hits back on Friday
Carreras stock gained $2.48 to close at $44.50 on Friday as activity on the Jamaica Stock Exchange, resulted in the prices of 6 stocks rising and 7 declining as 19 securities changed hands, ending in 2,331,425 units trading, valued at $12,830,920, in all market segments.
Main Market| The JSE Market Index gained 172.87 points to 78,496.89, the JSE All Jamaican Composite index rose 193.27 points to close at 86,481.47 and the JSE combined index advanced by 232.28 points to close at 80,586.67.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 9 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Carreras jumped $2.48 ending at $44.50 while trading 16,258 units, Jamaica Broilers in concluding trading closed with 2,000 shares changing hands, the price gained 2 cents to $4.02, Jamaica Money Market Brokers closing with 3,180 ordinary shares gained 10 cents to $6.90, National Commercial Bank ended trading with 44,457 shares while gaining 2 cents to $21.02 and Scotia Group closing with 290,489 shares to end with an increase of 5 cents at $20.35.
Firm| The stocks in the main market to close without a change in the last traded prices are, Desnoes & Geddes had 52,000 shares changing hands to close $5, Sagicor Group ending with 9,500 units traded at $10.25 and Scotia Investments finishing with 26,090 shares at $23.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Caribbean Cement closing with 4,800 shares, trading 2 cents lower, to $2.61. Grace Kennedy in trading 11,076 units, slipped 1 cent to $60, Mayberry Investments closing with 30,000 shares changing hands, 2 cents lower to $1.95 and Proven Investments closing with only 875 units, to end down 0.5 cent at 18.5 US cents.
Preference| Jamaica Money Market Brokers 7.50% preference share finished with 1,151,000 shares changing hands at $2 and Jamaica Money Market Brokers 8.75% preference share ending with 61,000 units trading at $3.03.
5 stocks gained on TTSE Friday
Trading on the Trinidad Stock Exchange on the final day of the week ended with 12 securities changing hands of which 5 advanced, 2 declined and 5 traded firm with a total of 614,768 units, valued at $5,248,832.
At the close of the market, the Composite Index rose 0.80 points to close at 1,148.87, the All T&T Index fell by 0.22 points to close at 1,980.78 and the Cross Listed Index increased by 0.24 points to end at 41.50.
Gains| Stocks increasing in price at the close are, Firstcaribbean International Bank traded 1,100 shares to close with a gain of 1 cent, at $5.03, Grace Kennedy closed with 3,200 shares and advanced by 1 cent to 3.61. Jamaica Money Market Brokers ending with 329,033 shares changing hands for a value of $142,484 at 44 cents, after gaining 1 cent, followed by National Commercial Bank trading 13,940 units at a cent higher at $1.19 and Sagicor Financial Corporation with 99,221 shares traded for $520,910 and increasing 14 cents to end at $5.25.
Declines| The stocks declining at the end of trading are, Guardian Holdings suffered a loss of 4 to close at $13.10 and Massy Holdings contributed 35,216 shares with a value of $2,243,499 but the price slipped 8 cents to $63.64.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund trading 86,142 shares valued at $1,938,195 with the price remaining at $22.50, First Citizens Bank trading 2,387 shares closed at $35.75, while Scotia Investments added 22,858 shares, at $1.45, Trinidad Cement closed with 13,671 shares trading at $2.55 and West Indian Tobacco trading 1,000 shares at $125.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.
7 stocks rise 4 declined on JSE
Thursday’s activity on the Jamaica Stock Exchange, resulted in the prices of 7 stocks rising, 4 declining as 22 securities changed hands, ending in 2,265,968 units trading, valued at $19,839,480, in all market segments.
Main Market| The JSE Market Index lost 387.09 points to 78,324.02, the JSE All Jamaican Composite index fell 432.78 points to close at 86,288.20 and the JSE combined index declined by 364.13 points to close at 80,354.39.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 5 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Berger Paints concluding trading with 3,349 shares while gaining 1 cent to $1.57, Caribbean Cement closing with 4,500 shares as the price jumped at 3 cents to $2.63, Desnoes & Geddes ended trading with 2,565 shares while gaining 8 cents to $5. Gleaner closing with 15,857 shares while gaining 2 cents to 83 cents, Mayberry Investments finished with 6,017 shares as the price jumped 1 cent to $1.97 and Scotia Group in trading 22,050 shares to end with an increase of 24 cents to $20.30.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless closing with 295,128 units, trading at 48 cents, Jamaica Broilers with 34,058 shares trading at $4, National Commercial Bank finishing with 30,750 units trading at $21. Pan Jamaican Investment ending with 100 shares changing hands at $53.50, Sagicor Group finishing with 1,519,267 units traded at $10.25, Sagicor Real Estate Fund ended trading with 4,470 shares at $6.80 and Scotia Investments closing with 4,000 units to close at $23.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras closing with 34,036 units 98 cents lower, at $42.02, Jamaica Money Market Brokers with 93,900 shares trading, closed 10 cents lower, at $6.80 and Supreme Ventures finishing with 8,500 units trading, the price slipped 15 cents to $1.85.
Preference| Jamaica Money Market Brokers 8.75% preference share closed with 50,000 shares changing hands to close $3.03 and Jamaica Money Market Brokers 7.50% preference share ending with 46,000 shares trading at $2.
4 stocks fall & gained on TTSE
Trading on the Trinidad Stock Exchange on Thursday ended with 10 securities changing hands of which 1 advanced, 4 declined and 5 traded firm with a total of 99,810 units, valued at $664,476.
At the close of the market, the Composite Index rose 0.15 points to close at 1,148.07, the All T&T Index fell by just 0.34 points to close at 1,981.00 and the Cross Listed Index increased by a mere 0.09 points to end at 41.26.
Gains| Sagicor Financial Corporation was the sole stock to gain at the end of trading as 4,140 shares changed hands, the price rose 20 cents to $5.21.
Declines| The stocks declining at the end of trading are, Guardian Holdings with a volume of 27,000 shares trading for $354,740 closed down 4 cents to $13.10. Massy Holdings suffered a 3 cents loss, to close at $63.72 with 300 units changing hands, National Enterprises closed with a 1 cent lost, at $17.34 with 250 units changing hands and Trinidad Cement traded 240 shares but lost 2 cents to end at $2.55.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund trading 2,560 shares with the price remaining at $22.50, First Citizens Bank contributing 4,751 shares with a value of $169,849 to close unchanged at $35.75. Grace Kennedy traded 2,000 shares at $3.60, Jamaica Money Market Brokers with 58,369 shares changing hands closed at 43 cents and One Caribbean Media contributed 200 shares to the total traded and the price closed unchanged at $23.95.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.