Activity on Tuesday on the Jamaica Stock Exchange, resulted in the prices of 10 stocks rising and 5 declining as 22 securities changed hands, resulting in 2,709,606 units trading, valued at $13,735,300.
Main Market| The JSE Market Index gained 281.11 points to 72,079.49 and the JSE All Jamaican Composite index rose 314.34 points to close at 79,306.16.
Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market are, Carreras with 36,263 shares trading, with a 10 cents rise to $34.60, Desnoes & Geddes had 300 shares changing hands, 10 cents higher at $4.80, Proven Investments put through 1,000 units with a gain of 0.74 US cents to 17.99 US cents, Sagicor Group had 965,175 shares changing hands at 45 cents higher to $9.75, Sagicor Real Estate Fund with 11,715 units, increased 2 cents to $7.12 and Scotia Group 36,455 shares traded with a gain of 5 cents at $19.15.
Firm| The stocks in the main market to close without a change in price, with volume and last traded prices are, Gleaner with 500 units closed at $1.05, Grace Kennedy 3,348 shares ended at $59, Jamaica Broilers had 2,000 units trading at $4.50, Jamaica Money Market Brokers ordinary share closed with 15,330 shares at $6.95 and Jamaica Producers closed with 500 shares at $15.40.
Declines| The volume and last traded prices of stocks with losses at the at the end of trading in the main market are, Kingston Wharves with 24,915 shares, lost 25 cents to end at $5, Mayberry Investments traded just 500 units at $1.60 for a 10 cents loss and National Commercial Bank with only 1,200 shares, closed with a 15 cents loss at $17.85.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 103,000 units, for a cent increase at $3.01.
Junior Market| The JSE Junior Market Index increased 1.54 points to close at 663.70 as 7 stocks traded with 3 advancing and 2 declining.
Gains| Stocks recording gains at the end of trading in the junior market are, Caribbean Producers traded 3,855 units with a gain of 14 cents to $2.50, Consolidated Bakeries with 910,840 units, closed 5 cents higher at 85 cents and Lasco Distributors had 177,798 units trading with a 1 cent gain at $1.14.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are Caribbean Cream traded 22,760 shares at 65 cents and General Accident 320,000 units at $1.45.
Declines| Stocks declining in the junior market at the end of trading, are Lasco Financial with 37,000 shares changing hands lost 3 cents to end at 95 cents and Lasco Manufacturing with 35,152 shares 1 cents to end at $1.03.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
Advancing stocks beat declining ones 10 to 5
No declining stocks on Tuesday on TTSE
Trading on the Trinidad Stock Exchange was moderate with 12 securities changing hands of which 4 advanced, none declined and 8 traded firm, 201,944 units changed hands, with a value of $2,518,522.
The Composite Index rose by 0.08 points to close at 1,146.66, the All T&T Index advanced by 0.16 points to close at 1,980.23 and the Cross Listed Index remained at 40.98.
Gains| Stocks increasing in price at the close are, Agostini’s gaining 4 cents to end at $17.34 with 571 units, Ansa Merchant Bank traded 584 shares to close at a new 52 weeks’ high, of $39.33, by putting on a cent, First Citizens Bank gained 2 cents to $36 while trading 26,303 shares with a value of $946,904 and Massy Holdings closed with 4 cents gain to end at $68.50 while 7,130 shares traded.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA McAL at $66.25 while trading 3,201 shares, Clico Investment Fund with 9,700 shares valued at $213,400 remained at $22, Guardian Holdings traded 3,000 shares at $13.50, National Commercial Bank with a volume of 50,150 shares closed at $1, National Flour had 1,000 units changing hands to end at $1.30, ReadyMix put in only 100 units at $18.80, Sagicor Financial Corporation with 80,205 shares changing hands for a value of $501,281, closed at $6.25, followed by Scotia Investments with 20,000 shares at $1.50.
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.
Three 7s clashed Monday on the JSE
What will happen when the three 7s clash? Whatever, the facts are that three 7s did clash at the end of trading on the Jamaica Stock Exchange, on Monday, as the prices of 7 stocks rose, 7 declined and 7 held firm, as 21 securities changed hands, resulting in 8,573,262 units valued at $6,218,041 being exchanged. Trading activity left the two main indices sharply down, at the close of the market.
Main Market| The JSE Market Index dived 1,027.02 points to 71,798.38 and the JSE All Jamaican Index fell 1,148.40 points to 78,991.82, with Scotia Group falling by 90 cents and Grace Kennedy by $1.50.
Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market are, Berger Paints trading 1,800 shares to close with a gain of 2 cents at $1.62, Cable & Wireless with 5,975,977 shares, gained 2 cents to 30 cents, Kingston Wharves with 18,475 units changing hands, gained 24 cents at $5.25 and Proven Investments ordinary, traded 16,900 units to gain 0.15 US cent to end at 17.25 US cents.
Firm| The stocks in the main market to close without a price change are, Desnoes & Geddes with 5,000 shares changing hands and closed at $4.70, Sagicor Group 7,000 shares ending up closing at $9.30 and Supreme Ventures 2,500 shares closed at $1.80.
Declines| The volume and last traded prices of stocks with losses at the at the end of trading in the main market are, Caribbean Cement 13,423 shares, closed down 15 cents at $2.55, Carreras 20,318 shares changing hands resulted in 25 cents lost, to $34.50, Grace Kennedy had a mere 250 units trading but the price dropped, $1.50 to $59, Jamaica Broilers put through 100,571 shares while losing 2 cents, to end at $4.50, Jamaica Money Market Brokers had 49,782 ordinary shares closing 5 cents down at $6.95 and Scotia Group with 11,600 shares, closed down 90 cents to $19.10.
Preference| Jamaica Money Market Brokers 8.75% preference share, traded 20,000 units at $3 and their 8.50% preference share put in 25,000 units, 5 cents lower at $3.45.
Junior Market| The JSE Junior Market Index rose 1.67 points to close at 662.16, as 6 securities traded, with 3 advancing and none declining.
Gains| Stocks recording gains at the end of trading in the junior market are, Consolidated Bakeries with 1,816,000 units changing hands, 5 cents higher to close at 80 cents, General Accident with 200,000 shares changing hands and closed with a gain of 5 cents to $1.45 and Lasco Distributors in trading 210,690 units put on a cent to $1.13.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are, Jamaican Teas that had 11,143 shares trading at $3.30 at the close, Knutsford Express with 1,812 shares, ended at $5 and Lasco Manufacturing ended up with 65,021 units at $1.04 at the close.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than their last selling prices and 8 stocks with offers that were lower.
JMMB profits down in June quarter
JMMB Group posted net profit of $558 million and earnings per share of 34 cents for the quarter to June this year, but this was a huge 26 percent lower than the $754 million earned in 2013. Total revenues grew by 16 percent from $2.07 billion to $2.4 billion in the quarter helped by three acquisitions in two years.
Increased expense ate up the added income and more, pushing profit down sharply in the process. This is in contrast to the March quarter when profits rose 5 percent for that quarter. Interest margin got squeezed, falling from 69.3 percent in the 2013 quarter to only 63.74 percent this year as the Group’s Net Interest Income grew year-over-year from J$1.18 billion to only J$1.29 billion, an increase of J$112 million or 9.5 percent. This increase was driven mainly by expanded business lines through acquisition of Intercommercial Bank Limited (IBL) in October 2013, coupled with managing the Group’s investment portfolio and cost of funds.
Other operating revenues, comprising securities trading, foreign exchange margins from cambio trading and commission income increased by 12.4 percent, 95.5 percent and 32.1 percent respectively, driven mainly from increased volume.
Expansion of the Group through acquisition of IBL in the third quarter of 2013/14 resulted in operating expenses moving to J$1.72 billion compared to J$1.13 billion for the prior year. IBL contributed J$323 million or 28.6 percent, while the remaining J$272 million or 24 percent was due mainly to integration costs, growth in subsidiaries in the regional markets, and normal inflationary increases. The Group acquired of 100 percent of AIC Securities Limited, a Trinidad and Tobago based company for TT$5.36 million (J$92.7 million), on 30 April 2014. In Trinidad and Tobago operations are now poised to provide a full range of services to our clients, management stated.
Assets| At the end of June total asset of the JMMB Group increased by J$8.7 billion or 4.2 percent for the period, moving from J$206.7 billion at March 2014 to J$215.4 billion. This increase in assets was mainly funded by client deposits, long-term subordinated debt and repurchase agreements. The company acts as agent and earns fees for managing clients’ funds on a non-recourse basis under a management agreement. At 30 June 2014, funds managed in this way amounted to J$29,609,590,000 (2013 – J$23,242,771,000).
Interest rates down| During the quarter interest rates on treasury bills in Jamaica started to decline and would have resulted in some pressures on margin as commitments at fixed rates to customers would mature and then re-priced. Future looks like JMMB should still end up with earnings around $2 per share for the current year, but much will depend on how well they do in managing their investment portfolio and the impact that lower interest rates will have on valuations.
Low trading continues on TTSE
Trading on the Trinidad Stock Exchange was on Monday resulted in 12 active securities of which 3 advanced, 1 declined and 8 traded firm, with 265,142 units changing hands, with a value of $1,321,392. One stock closed at new 52 weeks’ high and one at 52 weeks’ low.
The Composite Index rose 0.10 points to close at 1,146.58, the All T&T Index rose by 0.19 points to close at 1,980.07 and the Cross Listed Index remained at 40.98.
Gains| Stocks increasing in price at the close are, Agostini’s as the price increased by 5 cents to end the day at $17.30, while trading 1,020 shares, Ansa Merchant Bank with 584 shares to gain 2 cents and ended at $39.32, a new 52 weeks’ high and National Enterprises, 500 shares traded 1 cent higher, at $17.76.
Declines| Readymix that seldom trades, suffered a decline of 20 cents to end at $18.80 for a new 52 weeks’ low, as 100 units changed hands, and is the sole stock declining at the end of trading.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Ansa Mcal, 222 shares trading at $66.25, Berger Paints Trinidad with 100 shares, closed at $3.61, First Citizens Bank had 2,627 units changing hands at $35.98, Guardian Holdings contributed 65,700 shares, with a value of $886,950 and closed at $13.50, Jamaica Money Market Brokers traded 5,000 shares at 45 cents, National Commercial Bank with 100,000 shares changing hands for a value of $100,000, closed at $1, followed by Scotia Investments with 81,435 shares for $122,153 at $1.50 or the Jamaican equivalent of J$26.25. It last sold in Jamaica at $21.50, while Sagicor Financial Corporation added 7,854 shares valued at $49,088 at $6.25.
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 2 stocks with offers that were lower.
Moderate day but JSE puts in nice gain
In Friday’s trading on the Jamaica Stock Exchange, the prices of 7 stocks rose and 6 declined, as 20 securities changed hands, one stock closed at 52 weeks’ low. A total volume of 3,160,771 shares, valued at $13,089,114 traded.
Main Market| The JSE Market Index gained 922.25 points to 72,825.40 and the JSE All Jamaican Composite index, jumped 1,031.25 points to close at 80,140.22.
Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market are, Jamaica Money Market Brokers with 55,402 units changing hands, and gained 5 cents to $7, Kingston Wharves put through 40,914 shares at 1 cents more, to $5.01, Sagicor Real Estate Fund with 24,880 units, gained 10 cents to $7.10 and Scotia Group had 12,500 shares trading, to close with a gain of 95 cents at $20.
Firm| The stocks in the main market to close without a change in price, with volume and last traded prices are, Gleaner 1,000 shares, closing at $1.05, National Commercial Bank had 17,049 shares changing hands at $18 and Radio Jamaica with 9,585 shares, closed at $1.04.
Declines| The volume and last traded prices of stocks with losses at the at the end of trading in the main market are, Barita Investments with 43,000 shares, closed at $2.19 with a 1 cent fall, Cable & Wireless had 1,485,092 units changing hands, with 1 cent fall to 28 cents, Carreras put in 4,140 units and closed 5 cents lower at $34.75, Jamaica Broilers 1,000 shares ended with 1 cent decline at $4.52, Jamaica Producers had a sizable trade of 650,000 shares but the price shed 20 cents to $15.40 for a new 52 weeks’ low and Supreme Ventures 11,264 shares cost 1 cent less at $1.80.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 100,000 units at $3 and Proven Investments 8% preference share traded 2,000 units at $5.
Junior Market| The JSE Junior Market Index put on 2.65 points to close at 660.49 as only 4 stocks traded with 3 advancing and none declining.
Gains| Stocks recording gains at the end of trading in the junior market, are AMG Packaging with 17,767 shares to close with a 10 cents gain at $2.50, Lasco Financial 587,650 shares led to a gain of 1 cent to 98 cents and Lasco Manufacturing with 37,576 units, to close 3 cents higher, at $1.04
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are, Jamaican Teas with 2,952 units a $3.30 and Lasco Distributors with 57,000 shares at $1.12.
Declines| No stock declined in the junior market at the end of trading.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
Trading picks up, Scotia hits a low on TTSE
In trading on the Trinidad Stock Exchange on Friday, the number of securities changing hands surged pass Thursday’s 9, to reach 17. There were 5 advancing stocks, 4 declining and 8 traded firm, with 518,883 units changing hands, carrying a value of $8,173,015. Scotiabank continued its downward drift, closing the day at a new 52 weeks low, with relatively small volume. The market closed with 3 new 52 weeks’ highs and one low.
The Composite Index lost 0.14 points to close at 1,146.48, the All T&T Index lost 2.47 points to close at 1,979.88 and the Cross Listed Index advanced 0.29 points to end at 40.98.
Gains| Stocks increasing in price at the close are, Ansa Mcal Merchant Bank in trading 810 units at a new 52 weeks’ high of $39.30, the price gained 9 cents, National Commercial Bank in contributing 98,400 shares with a value of $98,400, closed at $1, up by 3 cents, One Caribbean Media with 4,176 shares put on a cent to end at $25.01, a new 52 weeks’ high, Scotia Investments enjoyed a gain of 10 cents to end the day at $1.50 (J$26.40, it last traded at $21.50 in Jamaica) while trading only 3,550 shares and Unilever Caribbean traded 494 units at $64.01, up by a cent to a new 52 weeks’ high.
Declines| Stocks declining at the end of trading are, Massy Holdings that put through just 40 units at $68.46 down by 2 cents, Scotiabank suffered a loss, of 57 cents to close at $61.18 while trading 5,761 units, Republic Bank traded 34,327 shares valued at $4,178,626 as the price lost 2 cents to close at $121.73 and Trinidad Cement traded 495 shares at $2.64, after suffering an 8 cents fall.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund with 117,139 shares valued at $2,577,058 but remained at $22, Firstcaribbean International with 1,000 shares at $5, while First Citizens traded 614 shares at $35.98, Grace Kennedy with 2,915 shares closed at $3.55, Jamaica Money Market Brokers with 106,158 shares changing hands for a value of $47,771, closed at 45 cents, followed by Prestige Holdings that traded just 150 units at $9.50, Sagicor Financial Corporation with 104,354 shares traded for $652,550, ended at $6.25, while National Flour Mills added 38,500 shares valued at $50,050 at $1.30.
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 1 stock with the offer that is lower.
Market gains as just 14 securities traded on JSE
Thursday’ activity on the Jamaica Stock Exchange, resulted in the prices of only 3 stocks rising and a mere 3 declining as just 14 securities changed hands, resulting in 3,334,547 units trading, valued at $31,163,109.
Main Market| The few prices that rose led to the JSE Market Index rising 285.53 points to 71,903.15 and the JSE All Jamaican Composite index gaining 319.27 points, to close at 79,108.97.
Gains| The volume and last traded prices of stocks gaining, at the end of trading in the main market are, Carreras with 163,820 shares closing with a gain of 20 cents at $34.80, Grace Kennedy put on $2.50 to $60.50 with 89,900 units changing hands and Proven Investment traded 625,000 ordinary shares at 17.1 US cents, up from 17 US cents.
Firm| Stocks in the main market to close without a change in price with volume and last traded prices are, Desnoes & Geddes with 37,711 shares at $4.70, Jamaica Money Market Brokers (JMMB) ordinary share only 400 units at $6.95, Mayberry Investments had 2,500 units at $1.70, and Sagicor Group with 209,985 shares changing hands, closed at $9.30.
Declines| Scotia Group is the only stock to decline at the at the end of trading in the main market, in losing a cent to $19.05, in trading of 29,544 shares.
Preference| JMMB 7.5% preference share traded 277,400 units at $2 and JMMB 8.75% preference share traded 1,493,303 units at $3.
Junior Market| The JSE Junior Market Index declined by 2.67 points to close at 657.84 as a mere 3 securities traded, none advanced and 2 declined.
Firm Trades| Lasco Distributors had 15,000 units changing hands at $1.12.
Declines| Stocks declining in the junior market at the end of trading are, Consolidated Bakeries in trading 358,300 units to close at 75 cents after losing 5 cents and Lasco Manufacturing lost 3 cents in trading 30,700 units at $1.04.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with bids higher than their last selling prices and 7 stocks with offers that are lower.
Advances equal declines on JSE
In Wednesday’s trading on the Jamaica Stock Exchange, the prices of 7 stocks rose and 7 declined, as 26 securities changed hands, resulting in 4,526,977 shares trading, valued at $49,182,081.
Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market, are, Desnoes & Geddes with 1,500,500 shares to close with a gain of 11 cents, at $4.70, Carreras with 17,515 gained 10 cents, to close at $34.60, Scotia Investments with 283 shares gained 10 cents to $21.50, Sagicor Real Estate Fund, 120 units closed with a 9 cents increase at $7, Scotia Group had 101,748 units changing hands at 6 cents higher, to close at $19.06 and Jamaica Producers produced a gain of 2 cents, in closing at $15.60 while trading 2,393 shares.
Firm| The stocks in the main market to close without a price change, with volume and last traded prices are, Barita Investments with only 100 units, closed at $2.20, Caribbean Cement with 1,500 shares, closed at $2.70, Ciboney with 6,000 shares ended at 7 cents, Jamaica Money Market Brokers 136,940 ordinary shares, closed at $6.95, Pan Jamaican Investment 9,250 units end at $49 and Sagicor Group had only 3,400 shares trading to end at $9.30.
Declines| The volume and last traded prices of stocks with losses at the end of trading in the main market are, Grace Kennedy dropping $2.50 in trading 12,400 shares to end at $58, National Commercial Bank had 1,607,153 shares passing through the market, for 20 cents less at $18, Proven Investments ordinary traded 12,780 shares, to lose 0.25 US cents and end at 17 US cents and Seprod lost 48 cents to end at $10.52 while trading 600,000 shares.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 100,000 units at $3.
Junior Market| The JSE Junior Market Index gained 3.64 points to close at 660.51 as 9 stocks traded, with 1 advancing and 3 declining.
Gains| The only stock gaining at the end of trading in the junior market, is General Accident with 224,031 units, with an increase of 4 cents, to close at $1.40.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are, Dolphin Cove having only 760 shares traded at $8.50, Honey Bun 1,200 at $2.34, Jamaican Teas had 2,915 units changing hands at $3.30, in the case of Lasco Manufacturing it was 9,039 shares at $1.04 and Paramount Trading 10,350 shares changing hands at $2.52.
Declines| Stocks declining in the junior market at the end of trading are, Blue Power losing 5 cents to end at $9 with 150,000 shares, Lasco Distributors with 6,000 shares, closed with a loss of a cent, to end at $1.12 and Lasco Financial with 10,600 shares, closing 3 cents lower at 97 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower.
One Caribbean Media up 84c on TTSE
One Caribbean Media stock jumped 84 cents in trading on the Trinidad Stock Exchange on Wednesday on a day when 15 securities changed hands of which 3 advanced, 4 declined and 8 traded firm, with 205,486 units changing hands, with a value of $2,975,354.
The Composite Index advanced by 0.31 points to close at 1,147.40, the All T&T Index rose by 0.61 points to close at 1,982.35 and the Cross Listed Index remained unchanged at 40.90.
Gains| Stocks increasing in price at the close are, First Citizens that traded 1,400 shares for 2 cents higher at $35.98. One Caribbean Media with 800 shares and the price jumped 84 cents to end the day at $25 and West Indian Tobacco with 44 shares, closed with a gain of 1 cent at $118.03.
Declines| The stocks declining at the end of trading are Guardian Holdings adding 2,239 shares valued at $30,227, to close down a cent at $13.50, Massy Holdings with 200 shares traded to close a cent lower at $68.48, Scotiabank contributed 4,751 shares, with a value of $293,374, while losing 15 cents to close at $61.75, a new 52 weeks low. Trinidad Cement traded 1,575 shares, the price declined by 3 cents, to close at $2.71.
Firm Trades| Stocks closing with prices unchanged, at the end of trading are, Angostura Holdings with 230 shares ending at $12.75, ANSA McAL traded 155 shares at $66.25, Clico Investment Fund with a volume of 100,000 shares valued at $2,200,000 remained unchanged at $22, Firstcaribbean International traded 500 units to close at $5, Jamaica Money Market Brokers with a volume of 40,000 shares, closed at 45 cents, National Enterprises contributed 1,060 shares at $17.75, Praetorian Property with 8,000 units changing hands, closed at $3.40 and Sagicor Financial Corporation with 44,532 shares changing hands for a value of $278,488, closed at $6.26.
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 stock with the offer lower.