Citizens Bank dominates TTSE trading

Trading ended with 13 securities changing hands on the Trinidad & Tobago Stock Exchange on Tuesday compared to 14 on Monday as First Citizens Bank dominated market activity with 69 percent of the volume of securities traded and 87 percent of the value.
The market closed with 2 stocks advancing, 5 declining and 6 holding firm as 651,650 shares traded at a value of $16,389,752 compared to Monday’s trades of 363,319 valued at $3,307,599.
The Composite Index declined by 3.51 points to 1,280.43, the All T&T Index added 0.14 points to 1,754.98 and the Cross Listed Index lost 0.98 points to close at 108.61.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| At the close of the market First Citizens rose by 4 cents to close at $31.85 trading 447,445 shares valued at $14,250,791 and JMMB Group gained 5 cents, closing at $2.20 with 1,080 units exchanged.
Losses| Securities declining based on the last traded price are, Clico Investment trading with a loss of 50 cents, in closing at $20.50 with 19,991 shares valued at $414,710 changing hands, Massy Holdings slid 8 cents to close at $48.92 in exchanging 3,883 shares, National Flour Mills closed at a 52 weeks’ low of $1.90, losing 5 cents with 100,000 shares. Republic Financial Holdings with a loss of 1 cent, closed at $101.69 with 229 units and Sagicor Financial ending at $7.80, after falling by 15 cents with trades of 4,052 shares.
Firm Trades| The securities trading unchanged at the close of trading are Angostura Holdings that closed at $15.05 with 8,100 shares, Guardian Holdings exchanged just 92 units at $15.60, NCB Financial Group held firm at $5.90 with 1,500 units trading. One Caribbean Media closed at $14 with 58,580 shares valued at $820,120, Scotiabank remained at $58.50 with 5,650 shares valued at 330,518 and Trinidad Cement exchanged 1,048 units at $3.95.

JSE main market closes down – Monday

Trading on the Main Market and the US dollar market of the Jamaica Stock Exchange concluded trading on Monday with 26 securities changing hands, 8 advanced, 12 declined and 6 traded firm.
The JSE All Jamaican Composite Index dropped by 1,137.09 points to close at 314,851.62 and the JSE Index sank by 1,036.02 points to close at 286,865.44. The US dollar market index fell 6.90 points to 161.90 as 3 securities traded in this market with a volume of 119,502 units valued at US$33,226.
The main market closed with 4,115,612 units valued at $48,667,070 trading compared to 6,563,781 units valued at $52,758,651 on Friday. Trading ended with an average of 178,940 units for an average of $2,115,960 in contrast to 262,551 units for an average of $2,110,346 on Friday. The average volume and value for the month to date amounts to 284,400 units valued at $3,346,771. The average volume and value for the month to date amounts to 292,432 units valued at $3,440,509 and previously 292,432 units valued at $3,440,509. In contrast, October closed with average of 185,251 units valued at $16,528,582 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Major movements took place in Caribbean Cement with an increase of $2, followed by JMMB Group that rose 79 cents, Kingston Wharves traded with a loss of 99 cents, NCB Financial Group fell $1, Sagicor Group lost $1.40 Scotia Group declined by $1.50, Seprod jumped $1.99 and Supreme Ventures dropped by $1. Ciboney traded at a 52 weeks’ high of 29 cents before ending at a 52 weeks’ closing high of 27 cents.

Volatility hits prices on JSE main market

Caribbean Cement stock price jumped $2 on Monday to close at $35.

The JSE All Jamaican Composite Index dropped by 1,137.09 points to close at 314,851.62 and the JSE Index declined by 1,036.02 points to close at 286,865.44 on Monday as nine stocks had wild movement in prices ranging from 79 cents to $2.
The US dollar market index fell 6.90 points to 161.90 as 3 securities traded in this market with a volume of 119,502 units valued at US$33,226. The US dollar market that was up sharply in the first half of the year is now trading in negative territory with the two major contributors to the big move in 2017 suffering sharp reversal in fortunes. The main market closed with 4,115,612 units valued at $48,667,070 trading.
Trading on the Main Market and the US dollar market of the Jamaica Stock Exchange ended with 26 securities changing hands, as 8 advanced, 12 declined and 6 traded firm.
In the main activity Berger Paints finished at $16, with 23,483 shares, Cable & Wireless settled 2 cents higher at $1.07, with 1,295,319 shares trading, Caribbean Cement ended trading $2 higher at $35, with 393,242 stock units, Carreras traded with a loss of 20 cents at $11.20, with 540,401 units. Ciboney Group finished trading at a 52 weeks’ high after rising 2 cents to close at 27 cents, with 471,130 shares, Grace Kennedy closed 10 cents higher at $43.10, with 102,504 shares, Jamaica Broilers ended at $18.80, with 14,074 stock units, Jamaica Stock Exchange finished with a loss of 1 cent at $7, with 29,960 shares. JMMB Group settled 79 cents higher at $29.40, with 38,687 shares, Kingston Wharves traded with a loss of 99 cents at $33, with 21,845 units passing through the market, Mayberry Investments finished trading at $5.20, with 3,911 shares, NCB Financial Group closed with a loss of $1 at $103, with 34,440 shares. 1834 Investments ended at $1.30, with 20,000 stock units, PanJam Investment concluded trading with a loss of 1 cent at $41.99, with 3,890 units, Pulse Investments settled 1 cent higher at $1.80, with 47,343 shares, Radio Jamaica ended trading at $1.10, with 14,704 stock units, Sagicor Group traded with a loss of $1.40 at $35.60, with 12,516 units. Sagicor Real Estate Fund finished trading with a loss of 50 cents at $14.50, with 336 shares, Salada Foods Jamaica closed at $8.50, with 824,963 shares, Scotia Group ended with a loss of $1.50 at $52, with 155,603 stock units, Seprod finished $1.99 higher at $31.99, with 53,958 shares and Supreme Ventures ended trading with a loss of $1 to $10.80, with 9,303 stock units. In the main market preference segment, JMMB Group 7.5% preference share ended trading 5 cents lower at $1.05, with 4,000 stock units, while in the US dollar market JMMB Group 6% preference share rose modestly to close at US$1.22 with 10,000 units, Margaritaville traded 6,100 units at 19 US cents after falling 1 cent and Proven Investments traded 103,402 ordinary share in the US dollar market at 20.01 US cents after slipping 1 cent.

Prices of securities trading for the day are those at which the last trade took place.

NCB Financial in big drop in Trinidad – Monday

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NCB Financial Group dropped 9.2% on the TTSE.

NCB Financial Group dropped sharply at the close of trading Trinidad & Tobago Stock Exchange on Monday, shedding 60 cents or 9.2 percent in closing at $5.90 after exchanging 159,506 shares.
The market ended with 14 securities changing hands compared to 12 on Friday as the prices of 4 stocks advanced, 3 declined and 7 closed unchanged. Total volume passing through the market was 363,319 shares at a value of $3,307,599 compared to Friday’s trades of 337,266 valued at $3,015,209.
The Composite Index declined by 12.34 points to 1,283.94, the All T&T Index gained 0.03 points to 1,754.84 and the Cross Listed Index slid 3.39 points to close at 109.59.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| The last traded price of the securities rising and the volumes changing hands are Ansa McAL with gains of 3 cents, closed at $63.03 with 7,314 shares valued at $460,991, Clico Investment traded 20 cents higher, closing at $21 with 25,533 shares valued at $535,150, National Flour Mills ended at $1.95, gaining 1 cent with 1,500 units traded and Trinidad & Tobago NGL closed at $23.70, after trading as high as $23.90, but closed with a gain of 4 cents, in trading 13,497 shares valued at $322,571.
Losses| The last traded price of the securities declining on Monday are, JMMB Group with a loss of 5 cents, to settle at $2.15 with 25,925 shares exchanged, NCB Financial Group closed 60 cents lower to $5.90 trading 159,506 shares valued at $961,048, the stock closed with 40,494 units on offer at $5.90 with no buying interest expressed at the close and Republic Financial Holdings fell 5 cents, closing at $101.70 with 15 units.
Firm Trades| The last traded prices of securities and the volumes traded unchanged at the close of trading are First Citizens traded 340 units at $31.81, Grace Kennedy closed at $3 exchanging 50,000 shares, Massy Holdings remained at $49 with 1,217 units, Readymix with trades of 345 units, closed at $11. Sagicor Financial held firm at $7.95 with 74,196 shares valued at $589,818, Scotiabank ended at $58.50 exchanging 2.526 shares and Trinidad Cement closed at $3.95 with 1,405 units traded.

Derrimon & Main Event in TOP 10

Main Event moved into the top list of Junior market stocks along with Derrimon Trading, this week, replacing Jamaican Teas and Caribbean Cream that entered the list last week and Pulse Investments and Sagicor Group are in the Main market listing.
Main Event fell back to $5.50 at the end of the past week, from $5.75, the week before, to reenter the list, while Jamaican Teas came in for some buying that lifted the price slightly, to $4.10, to see it leaving. Radio Jamaica is removed from the list as six months’ results suggest that earnings will be hard pressed to exceed the 6 cents reported for the 2017 fiscal year. Also out is Cable & Wireless, with nine months’ results suggesting lower profit than originally projected for the full year to December.
Derrimon Trading reported net profit for this three months to September from core business, jumping 56 percent to $27 million over the $17.5 million reported for the corresponding period in 2016. The consolidated net profit for the nine months was $132 million, up 22 percent over the corresponding period in 2016. Earnings per share amounted to 48 cents for the nine months and seems on track to end the year at 60 cents.
On Friday Lasco Financial, a former TOP 10 stock, hit a new record high of $6.60 following the reported profit that more than doubled in the September quarter to $100 million and up 63 percent to $167 million for the six months as well as from news of the acquisition of CrediScotia operations.
At the close of Friday, the average PE ratio for Junior Market Top stocks is at 9 and a PE at 8.5 for the main market TOP 10. The average PE for the overall main market is 15 and 14 for Junior Market, based on 2017 estimated earnings.
At the close of the week, IC Insider.com’s TOP 10 stocks now trade at an average discount of 35 percent to the average of the market for Junior Market Top stocks and 43 percent for the main market.
Market Watch| Investors should keep a keen eye for Caribbean Cement, Cable & Wireless that appears scarce under $1, NCB Financial, Berger Paints, JMMB Group, Lasco Financial, Paramount Trading, Derrimon Trading and Stationery and Office.

JSE main market closes up – Friday

Trading on the Main Market of the Jamaica Stock Exchange finished on Friday with 25 securities changing hands, 13 advanced, 5 declined and 6 traded firm with 6,563,781 units valued at $52,758,651 compared to only 3,755,947 units valued at a mere $24,471,583 on Thursday.
The JSE All Jamaican Composite Index jumped by 2,423.90 points to close at 315,988.71 and the JSE Index climbed by 2,208.45 points to close at 287,901.46. The US dollar market index rose 2.47 points to 168.80 as just one stock traded in this market.
Trading ended with an average of 262,551 units for an average of $2,110,346 in contrast to 163,302 units for an average of $1,063,982 on Thursday. The average volume and value for the month to date amounts to 292,432 units valued at $3,440,509 and previously 282,348 units valued at $3,560,559. In contrast, October closed with average of 185,251 units valued at $16,528,582 for each security traded. IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 1 stocks ended with bids higher than their last selling prices and 1 with lower offers.
At the close of trading, Barita Investments gained $1, JMMB Group jumped $2.11, Scotia Group traded $1.50 higher while JMMB Group 7.5% preference share traded 40 percent of the total volume traded for the day with 2.66 million units, followed by Cable and Wireless with 841,666 units, Salada Foods 742,613 units and Mayberry Investments with 618,785 shares.

JSE stocks mostly rose – Friday

JMMB rose $2.11 on Friday

The majority of stocks trading rose on Friday with 13 gaining, 5 declining and 7 traded firm on the Main Market of the Jamaica Stock Exchange as 5 stocks gaining a dollar or more and the largest decline being 60 cents.
The market 25 securities with 6,563,781 units valued at $52,758,651 and ended with the market indices rising strongly, with the JSE All Jamaican Composite Index jumping 2,423.90 points to close at 315,988.71 and the JSE Index climbing 2,208.45 points to 287,901.46.
In the main market activity, Barita Investments jumped $1 to close at $9, with 124,043 units trading, Berger Paints traded at $16, with 24,851 shares, Cable & Wireless ended trading 8 cents higher at $1.05, with 841,666 shares after trading at $1.10 earlier in the trading session, Caribbean Cement closed at $33, with 9,531 stock units, Carreras ended trading with a loss of 1 cent at $11.40, with 321,630 units. Ciboney Group traded 3 cents higher at 25 cents, with 50,000 shares, Grace Kennedy settled at $43, with 11,784 shares, Jamaica Broilers fell 19 cents to $18.80, with 16,868 stock units, Jamaica Producers finished with a loss of 5 cents at $15.50, with 24,241 units. Jamaica Stock Exchange closed 1 cent higher at $7.01, with 6,500 shares, JMMB Group climbed $2.11 to $28.61, with 70,640 shares, Kingston Wharves settled 99 cents higher at $33.99, with 1,106 units, Mayberry Investments ended trading with a loss of 60 cents at $5.20, with 618,785 shares. NCB Financial Group rose 50 cents to close at $104, with 84,758 shares, PanJam Investment ended trading with a gain of 40 cents at $42, with 43,044 units, Pulse Investments finished trading 4 cents higher at $1.79, with 27,000 shares, Radio Jamaica ended with a loss of 3 cents at $1.10, with 28,903 stock units. Sagicor Group traded 95,697 units and gained $1 to end at $37, Sagicor Real Estate Fund finished trading at $15, with 35,480 shares, Salada Foods Jamaica settled $1 higher at $8.50, with 742,613 shares, Scotia Group added $1.50 to end at $53.50, with 189,107 stock units. Seprod ended trading at $30, with 8,350 units, Sterling Investments closed 75 cents higher at $13, with 2,959 shares and Supreme Ventures ended at $11.80, with 524,225 shares. In the main market preference segment, JMMB Group 7.5% ended $1.10, with 2,660,00 stock units, while Proven Investments traded 8,552 ordinary share in the US dollar market at 21 US cents.

Prices of securities trading for the day are those at which the last trade took place.

TTSE consolidating with downward bias

The Trinidad & Tobago Stock Exchange closed on Friday with 12 securities changing hands compared to 16 on Thursday as price changes were almost even as 3 stocks advanced, 4 declined and 6 held firm.
At the close, 337,266 shares traded at a value of $3,385,209 compared to Thursday’s trades of 636,867 valued at $4,568,685.
The Composite Index advanced 1.30 points to 1,296.28, the All T&T Index rose 0.92 points to 1,754.81 and the Cross Listed Index gained 0.23 points to 112.98 to be up 44.53 percent year to date.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| At the close of the market, Agostini’s gained 1 cent and closed at a 52 weeks’ high of $20.54, having traded 3,662 shares, Guardian Holdings after it traded at a low of $15.49 rose 10 cents from the previous, to last trade at $15.60 with 45,855 shares valued at $712,743 and Trinidad & Tobago NGL last trade was at $23.66, with gains of 8 cents exchanging 58,518 shares valued at $1,385,526.
Losses| At the end of trading on Friday, Massy Holdings closed with a loss of 50 cents, ending at $49 with 200 units traded after it traded earlier at $49.48, National Flour Mills lost 1 cent, settling at a 52 weeks’ low of $1.94 with 23,000 shares and Point Lisas closed at $3.94, losing 1 cent with trades of 4,021 shares.
Firm Trades| The last traded prices of securities and the volumes traded unchanged at the close of trading are Angostura Holdings exchanged 2,881 shares at $15.05, Clico Investment closed at $20.80 with 2,091 shares, First Citizens traded 2,360 shares at $31.81. JMMB Group remained at $2.20 exchanging 183,936 shares valued at $403,172, NCB Financial Group closed at $6.50 with 1,500 units and Scotiabank traded 750 units to close at $58.50.

5 stocks up 4 down on TTSE

The Trinidad & Tobago Stock Exchange closed on Thursday with 16 securities changing hands compared to just 11 on Wednesday, as the market closed with mixed results as almost an equal number of stocks gained as lost.
Market activity resulted in 5 stocks advancing, 4 declining and 7 left unchanged as 636,867 shares traded at a value of $4,568,685 compared to Wednesday’s trades of 239,293 valued at $1,003,289.
The Composite Index lost 0.20 points to 1,294.98, the All T&T Index gained 1.34 points to 1,753.89 and the Cross Listed Index was down 0.24 points to 112.75.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 8 with lower offers.
Gains| The last traded price of the securities rising and the volumes changing hands are First Citizens with a gain of 1 cent, closing at $31.81 with 500 units exchanged, First Caribbean International Bank traded 25 cents higher to a 52 weeks’ high of $9.25 with 17,063 shares. Guardian Holdings advanced 50 cents to $15.50 with 47,810 units valued at $729,085, JMMB Group gained 5 cents to $2.20 trading 353,676 shares valued at $757,834 and Trinidad & Tobago NGL closed at $23.58, rising 3 cents while exchanging 7,500 shares.
Losses| The last traded price of the securities declining and the volume changing hands are Ansa McAL with a loss of 3 cents, settling at $63 in trading 21,434 shares valued at $1,350,342, Clico Investment sliding 20 cents, in closing at $21.80 exchanging 200 units, Republic Financial Holdings lost 1 cent, ending at $101.75 trading 19 stock units and Sagicor Financial closed at $7.95, losing 1 cent with trades of 63,620 shares valued at $505,799.
Firm Trades| The last traded prices of securities closing unchanged and the volumes exchanged are Angostura Holdings traded 17,100 shares at $15.05, Grace Kennedy trading at $3 with 70,778 shares. Massy Holdings closed at $49.50 exchanging 3,025 shares, National Enterprises traded 250 units at $9.75. National Flour Mills closed at $1.95 with 1,000 units, One Caribbean Media settled at $14 exchanging 2,000 shares and Scotiabank closed at $58.50 trading 304 stock units.

3,469 points chopped off JSE index

The JSE All Jamaican Composite Index sank 3,468.82 points to close at 313,564.81 on Thursday and the JSE Index dived by 3,160.49 points to close at 285,693.01 as just 3,755,947 units valued at $24,471,583 changed hands, with the prices of 8 stocks falling.
The market is in a tussle as it tries break clear of the resistance zone, resulting in the market moving up and down as investors fight to trade stocks at the best price they can. The bulls clearly have the upper hand supported by fundamentals and technical support.
In the main activity, Barita Investments finished trading at $8, with 6,852 units, Berger Paints settled $1 higher at $16, with 72,420 shares, Cable & Wireless ended trading with a loss of 8 cents at 97 cents, with 531,733 shares, Caribbean Cement ended 99 cents higher at $33, with 4,350 stock units. Carreras ended trading with a loss of 9 cents at $11.41, with 243,091 units, Ciboney Group closed 2 cents higher at 22 cents, with 1,594,730 shares traded, Grace Kennedy traded at $43, with 6,370 shares, Jamaica Broilers rose 43 cents to $18.99, with 10,730 stock units. Jamaica Producers finished trading with a loss of 40 cents at $15.55, with 12,800 units, Jamaica Stock Exchange finished at $7, with 36,100 shares, JMMB Group closed with a loss of 50 cents at $26.50, in trading 45,350 shares, Kingston Wharves ended at $33, with 5,284 units. Mayberry Investments finished 75 cents higher at $5.80, with 45,017 shares, NCB Financial Group finished trading with a loss of 50 cents at $103.50, with 66,396 shares, 1834 Investments finished with a loss of 11 cents at $1.30, with 21,848 stock units, PanJam Investment traded with a loss of 40 cents at $41.60, with 43,458 units, Pulse Investments settled with a loss of 5 cents at $1.75, while trading 41,073 shares. Radio Jamaica finished trading 3 cents higher at $1.13, with 62,694 stock units, Sagicor Group ended trading with a loss of $2 at $36, with 87,792 units, Sagicor Real Estate Fund finished at $15, with 7,620 shares, Scotia Group ended at $52, with 28,752 stock units and Supreme Ventures settled 30 cents higher at $11.80, exchanging 204,713 stock units. In the main market preference segment, JMMB Group 7.5% ended with a loss of 5 cents at $1.90, with 576,774 stock units.
Prices of securities trading for the day are those at which the last trade took place.