5 down 1 up on TTSE Wednesday

August 26, 2015 by

JMMB Group the only stock gaining on Wednesday

JMMB Group the only stock gaining on Wednesday

The majority of price movements on the Trinidad & Tobago Stock Exchange in Wednesday’s trading registered declines with 13 securities changing hands. 1 stock gained while the prices of 5 declined and 7 traded with prices unchanged. A total of 413,853 shares traded, valued at $3,862,758.
At the close, the Composite Index declined by 0.30 points to 1,142.18, the All T&T Index gained 0.30 points to 1,948.14 and the Cross Listed Index lost 0.12 points to 44.09.
Gains| JMMB Group traded 22,490 shares gained 3 cents to close at 45 cents.
Losses| Ansa Merchant Bank traded 1,455 units with a 5 cents loss to end at $38.90, National Enterprises with 4,350 shares changing hands, and lost 1 cent, to close at a 52 weeks’ low at $16.99, National Flour Mills with 251,646 shares changing hands for a value of $529,077 lost 10 cents to end at $2.10. One Caribbean Media traded 91 shares with the price falling 31 cents to $22 and Sagicor Financial Corporation closed with 30,421 shares changing hands at 25 cents lower at $5.75.
Firm Trades|, Clico Investment Fund traded 42,420 shares valued at $954,450 and closed at $22.50, First Citizens Bank had 1,337 shares changing hands and ended at $35, TTSE sum 26-8-15Guardian Holdings added 18,639 shares to close at $12.90. Guardian Media added 1,070 shares to close at $19.76. Massy Holdings had 25,499 shares valued $1,593,688 trading Scotiabank closed with 1,984 shares changing hands unchanged at $62.32 and ended at $62.50 and Trinidad Cement closed at $2.75 with 12,495 shares changing hands.
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 3 stocks with offers that were lower.

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

55% repo rate hike pressuring TTSE

August 25, 2015 by

Massy Holdings shed 51 cents on Tuesday & helped pull TTSE down.

Massy Holdings shed 51 cents on Tuesday & helped pull TTSE down.

The sharp 55 percent rise in the central bank of Trinidad & Tobago repo rates since last year, continues to take a toll on prices of stocks listed on the Trinidad & Tobago Stock Exchange.
In Tuesday’s trading, 10 securities changed hands, one stock gained while the prices of 2 declined pulling down the TTSE two main indices and 7 traded with prices unchanged as a total of 428,778 shares traded, valued at $7,240,375. At the close, the Composite Index declined by 1.04 points to 1,142.48, the All T&T Index fell 2.21 points to 1,947.84 and the Cross Listed Index rose 0.02 points to 44.21.
Gains| Scotia Investments closed 2 cents higher with 30,000 shares changing hands at $1.53, to be the sole stock gaining.
Losses| Massy Holdings had 2,410 shares trading to end at $62.50, after shedding 51 cents and Trinidad Cement suffered a loss of 15 cents to close at $2.75 with 2,120 shares changing hands.
TTSE sum 25-8-15 Firm Trades|, ANSA McAL contributed 26,740 shares with a value of $1,798,265 and closed at $67.25, Ansa Merchant Bank traded 984 units at $38.95, Clico Investment Fund traded 189,123 shares valued at $4,256,983 and closed at $22.50, First Citizens Bank had 9,285 shares changing hands valued at $324,975 and ended at $35. Guardian Media added 500 shares to close at $19.76, JMMB Group traded 122,958 shares to close at 42 cents and Sagicor Financial Corporation closed with 34,658 shares changing hands at $6, for a value of $207,948.
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.

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

Interest rate hike hurting TTSE

August 24, 2015 by

Bear The sharp rise in the central bank of Trinidad & Tobago since last year is taking a toll on prices of stocks listed on the Trinidad & Tobago Stock Exchange.
In Monday’s trading 13 securities changed hands. One stock gained while the prices of 4 declined and 8 traded with prices unchanged as a total of 200,811 shares traded, valued at $3,000,646.
At the close, the Composite Index declined by 2.26 points to 1,143.52, the All T&T Index fell 4.49 points to 1,950.05 and the Cross Listed Index remained at 44.19.
Gains| Sagicor Financial Corporation closed 50 cents higher with 31,842 shares changing hands at $6, for a value of $191,052.
Losses| Clico Investment Fund traded 500 shares and closed with a fall of a cent at $22.50, Massy Holdings had 3,621 shares trading to end at $63.01, after shedding just 1 cent. Republic Bank suffered a loss of 99 cents to close at a 52 weeks’ low of $113 with just 100 shares changing hands and West Indian Tobacco traded just 540 shares to closed with a loss of 64 cents to end at $123.36
Firm Trades|, Angostura Holdings with 500 shares changing hands, to close at $14, ANSA McAL contributed 31,525 shares with a value of $2,120,056 and closed at $67.25.TTSE sum 24-8-15 Guardian Holdings added 21,596 shares valued at $278,588 to close at $12.90, JMMB Group traded 91,690 shares to close at 42 cents. National Commercial Bank traded 9,531 shares at $1.52, National Flour with 8,000 shares changing hands, closed at $2.20, One Caribbean Media traded 116 shares with the price closing at $22.31 and Prestige Holdings with 1,250 units changing hands ended at $9.89.
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.

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

JSE down on Monday morning

August 24, 2015 by

in a slow trading session the Jamaica Stock market main indices climbed by four JSE Intra 24-08-15digit amounts as Scotia Group traded up to $25 in the morning session up to 11:15 am, in the process the All Jamaica Index trades at 109,360.63 to add 1,150.57 points, JSE Market Index climbed 1,029.39 points to 98,790.86. The combined index rose 1,010.03 points to be at 102,088.63 and the junior market index 987.22, up 4.35 points.
JMMB Group traded 142,560 shares at $7.50, Scotia Group traded 65,822 shares at $25 with a $1 rise, General Accident Insurance traded at $1.50, with a gain of 20 cents with 75,016 shares trading.
A total of 19 securities with a volume of only 376,247 units have traded with 5 stocks declining versus 5 that rose.

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

Only 2 price changes on TTSE

August 21, 2015 by

TTSEDailyTRading280x150 In overall trading Friday on the Trinidad & Tobago Stock Exchange, 6 securities changed hands, the price of 1 rose, 1 declined and 4 traded with prices unchanged as a total of 106,169 shares traded, valued at $949,980.
At the close, the Composite Index rose 0.17 points to 1,145.78, the All T&T Index was unchanged at 1,954.54 and the Cross Listed Index gained 0.04 points to close at 44.19.
Gains| JMMB Group traded 12,000 shares to close 1 cent higher at 42 cents.
Losses| Sagicor Financial Corporation closed with a fall of 50 cents with 42,135 shares changing hands at $5.50, for a value of $252,743.
Firm Trades|, Clico Investment Fund traded 18,370 shares valued at $413,509 and closed at $22.51.TTSE sum 21-8-15r Guardian Holdings added 20,000 shares to close at $12.90, National Commercial Bank traded 5,664 shares at $1.52 and Scotia Investments had 8,000 shares changing hands at $1.51 at the close.
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 3 stocks with offers that were lower.

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

JSE down on Friday morning

August 21, 2015 by

The Jamaica Stock market suffered large losses in the morning session up to 10 am, in the process the All Jamaica Index trades at 108,368.40 down by 602.03 points, JSE Intra 21-08-15 JSE Market Index declined 538.63 points to 97,903.13. The combined index fell 723.97 points to be at 101,219.77 and the junior market index 983.71, down 23.87 points.
Access Financial traded at $13 for a fall of $2.51 on small volume, Caribbean Cream traded back at $2 with 200,000 shares, General Accident Insurance traded at a 52 weeks with low volume at $1.25, Lasco Financial traded 270,000 at $2 with a 20 cents gain. Jamaica Broilers traded 203,100 with a loss of 23 cents to $5.62, National Commercial Bank traded 377,238 shares $1 lower at $28. Jamaica Money Market Brokers 7.50% preference share traded 486,000 units at $2.
A total of 22 securities with a volume of only 1,768,650 units have traded with 7 stocks declining versus 7 that rose.

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

No end to TTSE fall

August 20, 2015 by

StockMarkets In overall trading Thursday on the Trinidad & Tobago Stock Exchange,15 securities changed hands, the price of 1 rose, 4 declined including 2 closing at a 52 weeks’ low and 10 traded with prices unchanged as a total of 174,395 shares traded, valued at $2,472,069.
At the close of the market, the Composite Index slid 2.06 points to 1,145.61, the All T&T Index fell 2.75 points to 1,954.54 and the Cross Listed Index fell 0.18 points to close at 44.15.
Gains| Clico Investment Fund traded 58,680 shares valued at $1,320,867 and closed 1 cent higher at $22.51.
Losses| ANSA McAL contributed 636 shares in trading, to close at $67.25 with the loss of a cent, JMMB Group traded 2,000 shares to close 4 cents down at 41 cents. National Enterprises with 827 shares changing hands, and lost 9 cents, to close at a 52 weeks’ low at $17 and Republic Bank suffered a loss of 1 cent to close at a 52 weeks’ low of $113.99 with 6,423 shares changing hands, at a value of $732,158.
Firm Trades| Angostura Holdings with 40 shares changing hands, closed at $14, Ansa Merchant Bank traded 446 units at $38.95, Grace Kennedy had 240 units changing hands at $3.50, Guardian Holdings added 2,000 shares to close at $12.90, Guardian Media TTSE sum 20-8-15traded 300 shares with the price remaining at $19.76. Massy Holdings traded 73 shares to close at $67.02, National Flour Mills with 51,250 shares traded and closed at $2.20, One Caribbean Media traded 100 shares with the price closing at $22.31, had 712 shares changing hands at $62.32 at the close and Trinidad Cement traded 50,668 at $2.90.
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 3 stocks with offers that were lower.

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

JSE up slightly juniors drop Thursday morning

August 20, 2015 by

The Jamaica Stock market has started the morning session up to 10.30 am on a slow pace, in the process the All Jamaica Index trades at 109,785.04 to gain 79.64 JSE Intra 20- 08-15points, JSE Market Index rose 71.26 points to 99,170.57. The combined index fell 97.47 points to be at 102,577.41 and the junior market index 1,001.67, down 18.18 points.
In trading, Cable & Wireless rose back to 45 cents with only 88,317 units, Gleaner slipped to $1.80 from $2 while trading 17,000 shares, JMMB Group traded only 38,3750 units at $7.95 and Proven Investments Limited contributed 120,000 shares at 19 US cents.
A total of 19 securities with a volume of only 820,481 units have traded with 6 stocks declining versus 5 that rose.

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

JSE drops sharply on Wednesday

August 19, 2015 by

JSE sgn shrtpng The Jamaica Stock Exchange on Wednesday closed with main market indices recording big losses, cancelling out the gains made in yesterday’s trading. The market closed with a fairly high participation rate of 33 securities changing hands accounting for 3,862,624 units trading, valued at $45,895,747 with 9 stocks rising, 16 declining with 1 stock closing at 52 weeks high, in all market segments.
At the close, the JSE Market Index fell 2,316.03 points to 99,099.31, the JSE All Jamaican Composite index dived 2,588.67 points to close at 109,705.40 and the JSE combined index dropped 2,164.74 points to end at 102,674.88.
The eve of and the actual Treasury bill auction days, historically have not been good for the local stock market. Stockbrokers main focus is on the outcome of the auction and interest rates out turn as well as how successful their bidding was. Wednesday’s sluggishness and pull back in prices could be related to this development with today being the day when Treasury bill bids are opened. At the close of trading on Tuesday the signals were for a weaker market on Wednesday as such today’s declines should come as no great surprise.
JSE sum- 19-08-15r 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 that is better than Tuesday’s reading, with only of 3 stocks with bids higher than their last selling prices and 9 with offers that were lower. Today’s reading is 4 stocks with bids higher than their last selling prices and 6 with offers that were lower, a reading that still carries some negative undertone.
In trading, Cable and Wireless had 306,499 shares changing hands with a loss of 3 cents, to end at 40 cents, Caribbean Cement had 19,000 units changing hands at $8, Gleaner closed with 23,326 shares and fell 17 cents to $2. Grace Kennedy traded firm at $64 with 54,439 shares, Jamaica Broilers traded at $6.05 with 42,876 shares changing hands, Jamaica Producers traded at $18.25 with 4,000 shares changing ownership with a loss of 25 cents. JMMB Group traded 5,909 shares at $7.95 to add 22 cents, with the company reporting strong increase in profit for the first quarter. Jamaica Stock Exchange lost altitude and traded with a decline of $1.50 to $7.50 with only 7,100 shares changing hands.JSE fn Qts-19-08-15 Mayberry Investments had 242,254 shares trading down 26 cents to $3.14, National Commercial Bank traded 421,180 shares to end at $30, Palace Amusement gained $10 in trading 2,500 shares to end at $75, Pan Jamaican Investment closed at $60.70 after trading 1,539 shares with a loss of $1.30. Sagicor Group with 1,077,602 shares changing hands, closed 50 cents up, at $13.50, Sagicor Real Estate Fund gained 95 cents to close at $8.75 while trading 10,095 units, Scotia Group traded 471,710 units to close at $23.70, down 80 cents, Supreme Ventures ended at $3.50 with 56,004 units to be down by $1 and Jamaica Money Market Brokers 7.50% preference share traded 150,200 units at $2.

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Investments push JMMB profit 111%

August 16, 2015 by

JMMBJMMB Group posted a net profit of $586 million, an increase of 111 percent over the profit of 2014 after asset tax of $398 million was fully expensed in the 2015 quarter. JMMB earned profit of $278 million and earnings per share of 36 cents for the quarter ended June, this year. The profit for the quarter shows a marked improvement over the mere $79 million reported in the March quarter.
Net Interest Income grew year-over-year moving from $1.29 billion to $1.44 billion, an increase of J$147 million or 11.4 percent. This increase was driven mainly by increased margins, resulting from growth in Group’s loan portfolio in Jamaica and Trinidad coupled with reduced costs of funds.
“Other operating revenues, namely, gains on securities trading, foreign exchange margins from cambio trading and commission income, showed increases of 62 percent, 20.5 percent and 39 percent respectively, driven largely by increased volume activity and taking advantage of one-off market opportunities,” Noel A. Lyon, Chairman and Keith Duncan, Group Chief Executive Officer, advised shareholders, in a release accompanying the quarterly.
Net gains on securities trading, accounted for $1.23 million, was generated in the 2015 period and in 2014, $757 million. After booking the large investment gains, the group still has investment revaluation reserve amounting to $2.25 billion at the end of June which can be shifted to the normal profit stream.

Keith Duncan, Group Chief Executive Officer of JMMB

Keith Duncan, Group Chief Executive Officer of JMMB

“Our operations in the Dominican Republic continue to produce positive results contributing net profits of J$51.5 million for the quarter. The Group is now poised to expand its range of services in the Dominican Republic with the approval of its money market mutual funds. In July 2015, the Monetary Board approved our acquisition of Banco Rio de Ahorro Y Credito, a savings and loan bank”, Lyons and Duncan stated.
The released from management continued, “In Trinidad and Tobago, the Group’s operations continue to move in a positive trajectory, contributing J$41 million for the quarter. Management continues to build out its integrated financial services model through JMMB Investments Trinidad and Tobago and its commercial banking arm, Intercommercial Bank.”
Operating expenses for the quarter totalled $2.3 billion, up 13 percent compared to $2 billion for the prior year. This increase was mainly attributable to staff related costs, asset tax and expansion of business activities regionally.
The asset base of the JMMB Group increased by J$4.8 billion to J$222.5 billion from J$217.7 billion as at 31 March 2015. This increase in assets was mainly funded by client deposits and repurchase agreements.

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