Activity picked up on the Jamaica Stock Exchange on Thursday morning, with big trades in Grace Kennedy and National Commercial Bank and resulted in 17 securities trading changing hands at 10.45 am with a volume of 3,524,264 units, with 6 stocks declining and 6 rising.
Trading activity resulted in the JSE Market Index gained 1,591.46 points to 97,916.05. The JSE All Jamaican Composite index jumped 1,778.56 points to 108,382.99, the JSE combined index climbed 1,521.83 points to be at 101,223.14 and the junior market is up 2.45 points to 982.77.
Grace Kennedy traded 2,000,000 shares at $64, National Commercial Bank had 1,073,614 trading between $27.72 to $30, where the price sits now, other useful trades are, Cable & Wireless with 227,689 up to 52 cents, Jamaica Stock Exchange with 40,000 shares at $7.30 and JMMB Group 40,889 at $7.63.
Jump in main indices on Thursday morning
Trading picked up a bit in Trinidad
Unilever products – the company’s stock closed at a 52 weeks’ high on Tuesday
At the close the Composite Index ending with a modest gain of 0.03 at 1,147.56, the All T&T Index rose 0.10 to 1,950.11 and the Cross Listed Index remained at 45.27.
Gains| Guardian Holdings with 23,050 shares changing hands for a value of $302,186, closed 3 cents higher at $13.11 and Unilever closed trading with gain of 4 cent but 880 shares changing hands to end with at a new 52 weeks’ high of $67.25.
Losses| Agostini’s traded 1,189 shares at $18.19 for a 1 cent loss and FirstCaribbean International Bank traded 18,500 shares and closed at $5.01 with a I cent loss.
Firm Trades| Angostura Holdings with 42,000 shares valued at $588,000 changing hands, closed at $14, Clico Investment Fund with 16,137 shares changing hands valued $363,083, closed at $22.50, First Citizens Bank traded 4,000 shares to close at $35,
JMMB Group closed at 43 cents while trading 20,880 shares. Massy Holdings ended with 790 shares changing hands at $62.50, One Caribbean Media traded 100 shares at $22, Republic Bank had 1,020 shares changing hands at $112, Scotiabank traded 100 shares to end at $62.50 and Trinidad Cement had 20,400 shares changing hands and ended at $3.15.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 9 stocks with offers that were lower.
12 JSE stocks rise 3 fall on Friday
JMMB preference share was the dominant trade on the JSE’s main market
The main market indices enjoyed a second day of increases with the JSE Market Index gained 680.16 points to 96,507.41, the JSE All Jamaican Composite index added 693.16 points to 106,808.75 and the JSE combined index rose 760.12points to end at 99,739.05.
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 17 stocks with bids higher than their last selling prices and 8 with offers that were lower. This indicator has been increasing in strength over the past week as the period for company results for the third quarter approaches. Notwithstanding, there are still some pockets of weakness as shown by the number of stocks that are offered below their last selling prices.Stocks that particularly weak are Hardware and Lumber with a last sale of $13 now being offered at $11.50. Grace Kennedy reported earlier in the year that they were considering a buyout offer for the shares thy own in this subsidiary at a maximum price of $18.50 and that the deal should be closed by the end of July, there is no further information on the deal.
Sterling Investments with a last sale of $13.40 is now on offer at $13.15, at 11 o’clock on Friday morning the amount of stock on offer at the closing quote was 242,600 units a Grace Kennedy that has an offer of $63.70 versus the last traded price of $64.In trading, Cable and Wireless added 2 cents with 46,300 shares changing hands, to close at 51 cents, Jamaica Broilers had 86,628 units trading at $6 after shedding 9 cents, JMMB Group traded at $7.63 with 36,487 shares changing hands. National Commercial Bank had 23,100 units changing hands and ended at $27.75 while dropping 1 cent, Scotia Group traded 26,428 shares to close at $23.77.
IC Insider was unable to get the closing bids and offer volumes at the close of trading on Friday, accordingly the trading sheet do not carry this information.
Republic’s new low WITCO back at $126
After reopening on Friday after the stock market was closed for the public holiday on Thursday, Republic Bank traded at a new 52 weeks’ low on the Trinidad & Tobago Stock Exchange on Friday and West Indian Tobacco traded back at its earlier high of $126. The market closed with 13 securities trading with 6 stocks trading higher, 3 declining and 4 remained unchanged as a total of 506,338 units traded, valued at $23,476,582.
At the close the Composite Index ending with a modest loss of 0.68 at 1,147.48, the All T&T Index fell 2.04 to 1,949.95 and the Cross Listed Index gained 0.02 points to hit 45.27.
Gains| ANSA McAL contributed 254,788 shares for a value of $17,137,041 in trading, to close 1 cent higher at $67.26, Grace Kennedy had 4,180 units changing hands at $3.64 for a 14 cents gain, Guardian Holdings with 9,724 shares valued at $287,437 changing hands closed 2 cents higher, at $13.08. Praetorian Property Mutual Fund contributed 10,500 shares with a gain of 1 cent to $3.06, Prestige Holdings with 1,500 units changing hands ended with a gain of 1 cent at $9.91 and West Indian Tobacco gained 57 cents to end at $126 while trading 1,321 units.
Losses| Clico Investment Fund closed with a loss of 1 cent as 105,171 shares valued at $2,367,355 changed hands at $22.50. National Flour Mills with a volume of 51,280 shares lost 5 cents in closing at $2 and Republic Bank suffered a loss of 90 cents to close at a 52 weeks’ low of $112 with 2,000 shares changing hands, valued at $3,360,000.
Firm Trades| FirstCaribbean International Bank traded 2,141 shares to close at $5.02. JMMB Group added 24,463 shares at 43 cents each, Massy Holdings traded 1,010 shares at $62.50, and Trinidad Cement had 4,760 shares changing hands and ended at $3.15.
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 7 stocks with offers that were lower.
Rising JSE stocks outpace decliners Thursday
Cable & Wireless HQ – the stock traded 10.7m units on Thursday.
The main market indices enjoyed a second day of increases with the JSE Market Index gained 89.23 points to 95,827.25, the JSE All Jamaican Composite index added 99.71 points to 106,048.63 and the JSE combined index rose 167.49 points to end at 99,045.89.
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 16 stocks with bids higher than their last selling prices and 8 with offers that were lower.
This is an indication that while there is buying interest above current prices for a large number of stocks, there are still a noticeable number of stocks that investors want to be out of, at lower prices, than the last selling price.
Stocks that particularly weak are Hardware and Lumber with a last sale of $13 now being offered at $11.50. Grace Kennedy reported earlier in the year that they were considering an offer for this subsidiary at a maximum price of $18.50 and that the deal should be closed by the end of July. To date there has been no further information on the buy out offer, even as the July deadline is long past. Sterling Investments with a last sale of $13.40, now have on offer at $13.15, 242,600 units and no bids to buy.
Trading in the main market ended with Berger Paints trading 20,000 shares at $2.28, Cable and Wireless slipped 1 cent with 10,774,000 shares changing hands, to close at 49 cents. At the close the stock had 1,122,637 units on the bid at 48 cents and 172,996 units on offer at 51 cents. Carreras traded 224,067 shares at $49.50 while gaining 50 cents, Ciboney Group with 4,365,250 shares at 9 cents, Desnoes & Geddes ended with 135,000 shares trading with a 35 cents gain to close at $6.50, Jamaica Broilers had 35,930 units trading at $6.09, JMMB Group traded at $7.63 with 10,984 shares changing ownership.
Mayberry Investments had 160,100 shares trading at $2.80, National Commercial Bank had 81,100 units changing hands and ended at $27.76 while losing just 1 cent, Sagicor Group with 80,000 shares trading, closed 1 cent higher at $12.82, Scotia Group traded 52,000 shares to close with a rise of 2 cents to $23.77. Scotia Investments traded 10,110 shares in closing at $24.53 with a gain of 1 cent, Jamaica Money Market Brokers 7.50% preference share 313,046 units at $2 and Jamaica Money Market Brokers 8.75% preference share 1,841,065 units at $2.50 fo a rise of 1 cent.
Juniors up majors down Thursday trading
Activity fell on the Jamaica Stock Exchange on Thursday morning, resulted in 19 securities trading changing hands at 11amwith a big increase in volume of 17,,066,415 units, with 3 stocks declining and 9 rising.
Trading activity resulted in declines to the indices with the JSE Market Index falling 206.11 points to 95,531.91. The JSE All Jamaican Composite index down 230.35 points to 105,718.57 and the JSE combined index slipped 108.03 points to be at 98,770.37 and the junior market is up 9.69 points to 960.17.
The main trades are Cable & Wireless with 10,774,000 units at 49 cents, Ciboney Group with 4,365,250 shares at 9 cents, National Commercial Bank traded 80,100 at $27.56, Scotia Group with 52,000 shares at $23.77, Jamaica Money Market Brokers 7.50% preference share 313,046 units at $2 and Jamaica Money Market Brokers 8.75% preference share 1,341,065 units at $2.50.
TTSE slightly up on Monday
The Trinidad & Tobago Stock Exchange closed Monday with in 12 securities trading, the same as on Friday. The price of 3 stocks rose, 2 declined and 7 traded with prices remaining unchanged as a total of 308,927 units traded, valued at $5,170,074.
At the close the Composite Index was up 0.44 points to 1,148.12, the All T&T Index added 0.21 points at 1,951.90 and the Cross Listed Index rose 0.09 to 45.17.
Gains| Agostini’s traded 600 shares and added 20 cents to close at a 52 weeks’ high of $18.20, Guardian Holdings with 525 shares changing hands and closed 1 cent higher at $13.02 and FirstCaribbean International Bank traded 22,763 shares and gained 2 cents to close at $5.02.
Losses| Prestige Holdings with 488 units changing hands and ended 1 cent down at $9.90 and Scotiabank traded just 50 shares and lost 2 cents to close at $62.50.
Firm Trades| Angostura Holdings with 30,270 shares with a value of $423,780 changing hands to close at $14, 
Clico Investment Fund closed with 201,706 shares valued at $4,540,309 changing hands at $22.50, First Citizens Bank had 38 shares changing hands to end at $35, Guardian Media traded 500 shares with the price remaining at $19.77. JMMB Group closed at 43 cents while trading 43,350 shares, Sagicor Financial Corporation closed with 3,137 shares changing hands at $6 and Trinidad Cement had 5,500 shares changing hands and ended at $3.15.
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 7 stocks with offers that were lower.
Another up day for TTSE
New high for TCL on Friday
At the close the Composite Index was up 0.46 points to 1,147.68, the All T&T Index added 0.58 points at 1,951.69 and the Cross Listed Index rose 0.04 to 45.08.
Gains| Guardian Holdings with 631 shares changing hands and closed 1 cent higher at $13.01, JMMB Group gained 1 cent to close at 43 cents while trading 2,170 shares and Trinidad Cement had 388,347 shares changing hands, valued at $1,222,757 and ended at $3.15 with a 5 cents rise, for a 52 weeks’ high.
Losses| Massy Holdings closed at $62.50 after shedding 1 cent while trading 24,970 shares valued at $1,560,625.
Firm Trades| ANSA McAL contributed 2,000 shares to trading, at $67.25,
Clico Investment Fund closed with just 69,139 shares valued at $1,556,089 changing hands at $22.50, First Citizens Bank had 20,542 shares changing hands valued at $718,970 to end at $35, Guardian Media traded 102 shares with the price remaining at $19.77. National Commercial Bank traded 29,808 shares at $1.63, Point Lisas traded 100 shares at $4.06, Sagicor Financial Corporation closed with 60,601 shares valued $363,606 changing hands at $6 and Scotiabank traded 207,000 shares valued at $12,941,640 and closed at $62.52.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 7 stocks with offers that were lower.
7 stocks rise 2 fall on TTSE
TCL hits a new high on Thursday
At the close the Composite Index was up 0.62 points to 1,147.22, the All T&T Index added 1.10 points at 1,951.11 and the Cross Listed Index rose 0.02 to 45.04.
Gains| Grace Kennedy had 1,000 units changing hands at $3.51 for a 1 cent gain, Guardian Holdings with 14,545 shares changing hands for a value of $446,688, closed 6 cents higher at $13, Massy Holdings gained 1 cent, to close at $62.50 while trading 30,835 shares valued at $1,927,138. Prestige Holdings with 26,000 units valued at $257,660 changing hands ended at $9.91 with a cent rise, Scotiabank contributed 1,125 shares in trading, to close at $62.52 with a 1 cent rise. Sagicor Financial Corporation closed with 2,330 shares changing hands, 1 cent higher at $6 and Trinidad Cement had 98,056 shares changing hands, valued at $303,963 and ended at $3.10 with a 10 cents rise, for a 52 weeks; high.
Losses| Clico Investment Fund closed with just 7,781 shares changing hands, 1 cent lower at $22.50 and JMMB Group loss 1 cents to close at 42 cents while trading 2,170 shares.
Firm Trades| Agostini’s traded 5,651 shares at $18, Angostura Holdings with 3,984 shares changing hands, closed at $14, ANSA McAL contributed 259,750 shares valued at $17,468,188 in trading, to close at $67.25 with the loss of 1 cent, traded 1,000 units at $38.94. First Citizens Bank had 2,836 shares changing hands to end at $35, National Commercial Bank traded 60,192 shares at $1.63, National Flour with 12,46 shares trading at $2.06, One Caribbean Media traded 4,625 shares at $22, Scotia Investments traded 80,000 shares at $1.60 and West Indian Tobacco traded 3,863 shares valued at $484,536 to close unchanged at $125.43.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.
4 stocks rise 2 fell on TTSE
Unilever products – the company’s stock closed at a 52 weeks’ high on Wednesday
At the close the Composite Index was up 0.03 points to 1,146.60, the All T&T Index added 0.12 points at 1,950.01 and the Cross Listed Index fell 0.01 to 45.02.
Gains| JMMB Group gained 1 cent, to close at 43 cents while trading 49,405 shares, Prestige Holdings with 965 units changing hands, ended at $9.90 with a 1 cent rise, Scotiabank contributed 8,198 shares with a value of $512,389 to the overall trading to close at $62.51 with a 1 cent rise and Unilever Caribbean traded at a new 52 weeks’ high of $67.20, after gaining 5 cents, with 5,107 shares valued at $343,190.
Losses| Clico Investment Fund closed with just 46,080 shares valued at $5,626,160 changing hands, 1 cent lower at $22.51 andSagicor Financial Corporation closed with 2,330 shares changing hands, 1 cent lower at $5.99.
Firm Trades| First Citizens Bank had 2,920 shares changing hands
to end at $35, National Commercial Bank traded 518 shares at $1.63, Trinidad Cement had 60,000 shares changing hands, valued at $180,310 and ended at $3 and West Indian Tobacco traded just 2,657 shares to close unchanged at $125.43.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 5 stocks with offers that were lower.