Most stocks changing hands remained unchanged at the end of Friday, but price movements of rising stocks were strong enough to overcome the strength of those declining and led to a rise in the main indices, after investors traded 59 percent fewer shares, carrying 79 percent lower value than on Thursday, at the close of trading on the Trinidad and Tobago Stock Exchange.
At the close, 19 securities traded compared to 18 on Thursday, with three rising, five declining, while 11 ended unchanged. The Composite Index popped 5.04 points to settle at 1,427.49, the All T&T Index spiked 9.76 points to 1,945.03 and the Cross-Listed Index remained unchanged at 122.45.
A total of 120,433 shares traded for $1,598,791, compared to 292,578 units at $7,698,212 on Thursday.
An average of 6,339 units traded at $84,147 versus 16,254 shares at $427,678 on Thursday. The average trade for the month to date amounts to 15,105 units at $206,055 versus 17,835 units at $244,027. The average trade for July amounts to 20,941 units at $221,079.
The Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two with lower offers.
At the close, Agostini’s dropped 45 cents to close at $24.55 in trading 1,755 shares, Angostura Holdings ended at $16.48 after 300 stock units crossed the market, Calypso Macro Investment Fund advanced 34 cents to $16.50, with an exchange of 1,476 shares, Clico Investment Fund dipped 2 cents to $26.80 after exchanging 456 stock units. First Citizens Bank ended at $50.10, trading 100 stock units. FirstCaribbean International Bank closed at $6.50 after exchanging 10 stock units, GraceKennedy slipped 5 cents to $6.30 in the swapping of 43,070 units, Guardian Holdings rallied 75 cents to $33.25 in trading 10,949 units. JMMB Group fell 3 cents to $2.08, with an exchange of 37,000 units,
Massy Holdings closed at $81 while exchanging 6,266 stocks, National Enterprises settled at $3.90 after ownership of 4,020 shares was switched. National Flour Mills remained at $2.05, with an exchange of 2,413 stocks, One Caribbean Media ended at $4.15, with 2,625 units changing hands, Republic Financial Holdings ended at $138 after exchanging 10 shares. Scotiabank closed at $59, after trading at 1,107 shares, Trinidad & Tobago NGL popped 2 cents to $17.72 while exchanging 2,886 stock units, Trinidad Cement fell 6 cents to $3.90, with 1,100 stocks changing hands, Unilever Caribbean settled at $16.35 with the swapping of 1,225 stock units and West Indian Tobacco remained at $32 with an exchange of 3,665 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Market activity ended on Thursday with the majority of stocks declining, overpowering those that advanced, with the volume of shares traded marginally different than on Wednesday on the Jamaica Stock Exchange Main Market.
Trading averaged 132,356 units at $1,500,551, compared to 137,862 shares at $2,230,311 on Wednesday. Trading month to date averages 138,207 units at $1,500,646, in contrast to 141,133units at $1,500,693 on Wednesday. July ended with an average of 322,932 units at $15,201,099.
NCB Financial shed $1 to $137.50 with an exchange of 34,163 units, Palace Amusement popped $22 to $1,062 after 7 stocks cleared the market, PanJam Investment dipped 95 cents to $63.05 with the swapping of 10,963 stock units. Proven Investments lost 34 cents to settle at $34.95 in switching ownership of 15,264 units, Pulse Investments dipped 26 cents to $3.75 in trading 261,984 stock units, Sagicor Group spiked 95 cents to end at $57.95 after exchanging 224,934 shares. Salada Foods lost 20 cents to close at $7.80 with 9,199 units clearing the market. Scotia Group declined $2.50 to $39.50 in trading 646,232 shares, Seprod fell $1 to $70 after an exchange of 3,401 stock units, Supreme Ventures shed 50 cents in closing at $20 with 76,037 stocks changing hands and Sygnus Credit Investments slipped 52 cents to $14.28 with 75,437 stock units crossing the market.
Overall, 18 securities traded down from 22 on Wednesday, with six rising, three declining while nine closed unchanged. The Composite Index rose 0.96 points to 1,422.45, the All T and T Index gained 1.36 points to settle at 1,935.27 and the Cross-Listed Index popped 0.08 points to 122.45.
L.J Williams B share advanced 1 cent to $1.35 after exchanging 52 stock units, Massy Holdings climbed 50 cents to $81 in swapping 65,493 shares, National Enterprises settled at $3.90, with 3,000 stock units changing hands. National Flour Mills remained at $2.05 while exchanging 18,258 stock units, NCB Financial Group fell 2 cents to $7.99 after trading 44,603 units, Scotiabank remained at $59 in trading 2,768 stock units. Trinidad & Tobago NGL remained at $17.70, with 115 stock units crossing the exchange, Unilever Caribbean popped 3 cents to close at $16.35, after 10,087 stock units changed hands and West Indian Tobacco ended at $32, with an exchange of 590 units.
The Food Trading segment saw revenues rising 11 percent in the half year to $49.6 billion, but segment profit surged 50 percent to $2.8 billion. Banking and Investments revenues rose by a mere 7 percent to $3.3 billion and delivered a 32 percent increase in segment results to $348 million, Insurance pushed 23 percent higher to $5.6 billion, with just a 5 percent rise in profit to $515 million and Money Services revenues were up 18 percent to $4.8 billion, with profit climbing 15 percent to $2.1 billion, remaining the most profitable segment of the group by far.
The All Jamaican Composite Index rose 170.16 points to 461,596.19, the JSE Main Index shed 189.24 points to end at 421,657.62 and the JSE Financial Index dipped 0.18 points to 103.56.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and four with lower offers.
Sygnus Credit Investments popped 58 cents to $14.80 after exchanging 63,362 shares but after trading at a 52 weeks’ intraday low of $13.99 and Wisynco Group lost 22 cents to settle at $15.65 with 362,752 stocks crossing the market.
JMMB Group closed at $2.05 after exchanging 650 units. Massy Holdings rose 40 cents to $80.50 after the trading of 2,988 stocks, MPC Caribbean Clean Energy climbed 8 cents to 98 US cents, with an exchange of 1,000 units. National Enterprises settled at $3.90 with an exchange of 20,616 units, NCB Financial Group popped 1 cent to $8.01 in switching ownership of 44,734 stocks. One Caribbean Media rallied 10 cents to $4.15 with the swapping of 1,000 stocks, Republic Financial Holdings spiked $2.50 to $138 in exchanging 3,033 stock units, Scotiabank closed at $59 after exchanging 1,508 stocks. Trinidad & Tobago NGL shed 25 cents to $17.70, with 620 shares crossing the market, Cement lost 4 cents to close at $3.96 in switching ownership of 1,003 stocks and West Indian Tobacco settled at $32, with 5,300 stock units changed hands.
First Citizens Bank traded 100 stock units at $50.20, GraceKennedy advanced 15 cents to $6.30 while exchanging 353,258 units, Guardian Holdings ended at $32.50 with an exchange of 6,905 shares. JMMB Group gained 2 cents in closing at $2.05 in exchanging 4 stock units, L.J Williams B share slipped 16 cents to $1.34 in an exchange of 50 stock units, Massy Holdings shed 40 cents to $80.10 while exchanging 1,887 stocks. National Enterprises remained at $3.90 in trading 22,770 stocks, National Flour Mills increased 5 cents to $2.05 trading 7,600 stock units, NCB Financial Group closed at $8, with 29,779 stock units changing hands. Prestige Holdings settled at $7.50 after exchanging 197 stocks, Republic Financial Holdings ended at $135.50, with 200 stock units crossing the market, Scotiabank remained at $59 in switching ownership of 2,160 stock units. Trinidad & Tobago NGL climbed 45 cents to $17.95 in trading 5,577 shares, Trinidad Cement rose 25 cents to close at a 52 weeks’ high of $4, with 1,010 stock units clearing the market, Unilever Caribbean slipped 1 cent to $16.32 in switching ownership of 1,205 shares and West Indian Tobacco remained at $32 with the swapping of 4,814 stock units.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and three with lower offers.
PanJam Investment shed $1 to close at $64 in trading 3,648 stocks, Pulse Investments fell 20 cents to $3.80 with 20,645 shares clearing the market. Sagicor Group shed $2 to settle at $56 with 71,600 stocks changing hands, Scotia Group fell $1 to $41 after crossing the exchange with 9,844 units, Stanley Motta shed 45 cents at $5.30 with a transfer of 38,239 stocks, Supreme Ventures popped 20 cents to $20.20 in trading 27,025 units and Sygnus Credit Investments lost 28 cents to close at $14.22 in switching ownership of 30,162 stocks.
At the close, 18 securities traded compared to 15 on Thursday, with an equal number of six rising, declining and remaining unchanged. The Composite Index dipped 3.14 points to 1,417.48, the All T&T Index shed 0.19 points to 1,929.85 to close out July with a modest gain over just over one percent for the month, leading to a rise of 8.9 percent year to date. The Cross-Listed Index slipped 0.88 points to settle at 121.81.
GraceKennedy closed at $6.15 in switching ownership of 223 units, Guardian Holdings fell $1.25 in ending at $32.50 after trading 30,221 units, JMMB Group inched 1 cent higher to $2.03, with 21,440 stock units changing hands. L.J. Williams B share ended at $1.50 with an exchange of 7 stock units, Massy Holdings spiked 40 cents to $80.50 in switching ownership of 49 stocks, National Enterprises advanced 5 cents to $3.90 after 21,504 shares changed hands. National Flour Mills closed at $2 with the swapping of 500 stock units. NCB Financial Group declined 15 cents to $8 after exchanging 10,000 units. Republic Financial Holdings slipped 5 cents to $135.50, with 674 stock units crossing the market. Scotiabank settled at $59 after exchanging 30,329 stock units, Trinidad & Tobago NGL dipped 2 cents to $17.50, finishing, with 29,082 units changing hands, Unilever Caribbean ended at $16.33 while exchanging 15,605 stocks and West Indian Tobacco dropped 49 cents $32 after 16,389 stock units crossed the exchange.
The All Jamaican Composite Index added just 48.11 points to end at 460,076.56, the JSE Main Index shed 405.69 points to finish at 420,886.99 and the JSE Financial Index slipped 0.23 points to 103.72.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and two with lower offers.
Sagicor Group declined $1 to $55 with 57,606 stock units crossing the market, Scotia Group spiked 50 cents to $41.50 with 446 units clearing the market and Supreme Ventures shed 50 cents at $20 in switching ownership of 10,621 stocks.