Jamaican stocks mostly fall – Monday

Scotia Group traded 1.18 million shares on Monday

Scotia Group traded 1.18 million shares on Monday

The main market indices of the Jamaica Stock Exchange declined again on Monday with the all Jamaica Composite Index jumping 1,273.92 points to 184,755.09. The JSE Market Index climbed 1,139.12 points to finish at 166,245.69 and the JSE combined index gained 1,099.99 points to end at 178,583.41 and gained at 13 percent for the year to date.
At the close 14,409,476 units valued at $129,902,890 changed hands, compared to 17,656,211 units valued at $101,436,212 changing hands on Friday. The junior market accounted for 6,697,473 units trading valued at $36,505,806 of the stocks traded.
The average trade for the day in the main market ended at 321333 units, compared to an average for the month to date of 402,684 units. On Friday, an average of 871,081 units traded with the average for the month to date at 484,035.
The market closed with 43 securities trading as the prices of 13 gained while 16 declined in the overall market, including 6 stocks rising and 6 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the ICI -JSE sum -24-10-16Investor’s Choice bid-offer indicator reading shows 13 stocks with bids higher than their last selling prices and 5 with lower offers.
In market activity, Barita Investments gained 1 cent in trading 446,721 shares to end at $4.41, Cable & Wireless lost 5 cents closed at 85 cents with 218,904 units trading, Caribbean Cement traded 19,296 shares and gained 6 cents to close at $31.56, Carreras closed at $66 with 3,000 units changing hands. Grace Kennedy closed trading with 90,024 shares changing hands at $41.99, Jamaica Broilers closed at $14.75 after easing 1 cent, with 283,408 shares switching owners. Jamaica Producers fell 1 cent to $8.29 with 435,508 units trading, Jamaica Stock Exchange lost 58 cents and ended at $27.39 while trading 1,000 shares, JMMB Group gained 16 cents in trading 291,976 units to close at $13.66. Kingston Wharves traded 34,845 shares to close at $17, Mayberry Investments ended with 662,483 shares trading at $3.85, National Commercial Bank traded 105,250 shares to close with a fall of 16 cents at $43.33, Student Living closed at $4.71 while trading 43,800 shares and gained 1 cents.ICI -JSE fn Qts -24-10-16 Pan Jamaican Investments gained 1 cent and closed at $22.56 after trading 84,165 shares, Portland JSX traded 549,651 units with the price falling 6 cents to $11.04, Pulse Investments traded 20,000 shares and lost 60 cents to close at $3.30, Radio Jamaica traded 400,000 units and gained 5 cents to end at $1.40. Sagicor Group had 48,361 shares changing hands and closed with a fall of 45 cents at $22.55, Scotia Group rose 2 cents and closed at $30.04 with 1,179,017 shares changing hands. Scotia Investments dropped $2.91 with 28,735 units changing hands to close at $31.04. Seprod had 18,853 units changing hands to close at $24.60, Sterling Investments lost 1 cents in trading 38,000 shares to close at $14.99, Supreme Ventures traded 2,215,656 shares buy fell 2 cents to close at $4.50 after the company’s Chief Executive passed over the week end and Proven Investments traded 150,800 units at 18 US cents after rising 1.5 cents.

More recovery for First Citizens – Monday

First Citizens rose 50 cents on TTSE on Monday

First Citizens rose 50 cents on TTSE on Monday

First Citizens Bank was the most noted mover on Trinidad and Tobago Exchange when trading ended on Monday with the largest gain. The price recovered another 50 cents of the $3.93 it lost last week Thursday. Elsewhere trading ended with only 7 securities changing hands, down from 9 on Friday.
Trading activity closed with 3 stocks rising while 3 declined and 1 remained unchanged as 153,635 shares valued at $1,497,555 changed hands, compared to 522,024 shares valued at $1,246,175 on Friday as one stock closed at new 52 weeks’ high.
The market closed with sharp movements in the indices. The the Composite Index advanced by 1.25 points to close at 1,168.45 The All T&T Index closed with a gain of 2.73 points to 1,804.78, down 7.52 percent for 2016 and the Cross Listed Index fell 0.04 points to 70.99 points and is up 43.47 percent year to date.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 9 stocks with bids higher than their last selling prices and 8 with lower offers.
Gains| First Citizens gained 50 cents to close at $32 with 3,512 units trading, JMMB Group gained 3 closed at a 52 weeks’ high of 85 cents with 101,000 units, switching ownership and National Enterprises ended TTSE sum 24-10-16with 2,000 shares changing hands with the price closing with a gain of 5 cents at $10.25.
Losses| Clico Investment Fund closed with 42,110 shares valued at $951,273 changing hands with a loss of 1 cent at $22.59, Sagicor Financial Corporation traded 855 units and lost 20 cents to close at $7 and West Indian Tobacco traded 2,500 shares to close $127 after shedding 5 cents.
Firm Trades| Grace Kennedy contributed 1,658 shares to close at $2.60.

JSE majors rise in early trading

Trading on the Jamaica Stock Exchange is off to a modest start on Monday with the main market rising slightly while the junior market inched up by a few points.ICI JSE int trd 24-10-16 Trading volume and values fell from Friday’s level, with advancing stocks being beating declining ones.
The all Jamaica Composite Index gained 243.28 points to 183,724.45 the Jamaica Stock Exchange Market Index grew 217.54 points to 165,324.11, the Jamaica Stock Exchange combined index climbed 253.32 points to close at 177,736.74 and the junior market index inched up 5.02 points to 2,376.82.
At 10.45 am, a total of 18 securities traded, resulting in a volume of 510,894 shares changing hands carrying a value of $4,041,514, compared to 1,743,200 shares changing hands carrying a value of $7,392,869, on Friday.
The average number of shares traded amounts to 28,383 units compared to 69,728 on Friday. Market activity resulted in 7 stocks falling while the prices of 6 securities rose.
In trading activity, Cargo Handlers traded 2,000 units at a new all-time high of $10 while Cable & Wireless lost 2 cents in trading 116,146 shares, JMMB Group traded 250,486 units at $12.51 after falling 99 cents and Mayberry Investments exchanged 62,483 units at $3.70.

Caribbean Cement tops Top 5

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CCC Gte Jetcon Corporation and Caribbean Cement sit atop the IC Insider’s Top 5 stocks with the best chance of rising on junior market and main market of the Jamaican Stock Exchange at the end of last week. Both stocks just edging out the number 2 by just a few points.
There were no new entrants in either lists but Caribbean Flavours swapped place with Medical Disposables that now sits at the number 5 spot. In the main market selections Caribbean Cement changed spots with Berger Paints with the latter enjoying a slight price gain while Cement suffered a mild decline in price. AMG Packaging last traded at $21 and seems a candidate for a stock split with limited supply and inadequate liquidity of the stock. Top 5 stks 21-10-16Blue Power that last traded at $24.50 and is outside the Top 5, is also in category of a potential stock split.
Derrimon Trading sits just below the Top 5 junior market stocks followed by Dolphin Cove CAC 2000, tTech and Caribbean Cream that dropped sharply this past week to $7.
Sitting below the Top 5 in the main market are, Palace, JMMB Group, National Commercial Bank, (NCB) Sterling Investments and Pan Jamaican Investments. Feedback from the market, is that NCB is in strong demand against a background of very limited supply and the price being severely undervalued.

17 Jamaican stocks rise 9 fall

Exchange place 2 The main market indices of the Jamaica Stock Exchange declined again on Friday with the all Jamaica Composite Index dropping 768.16 points to 183,481.17. The decline is in contrast to the advance decline ratio of 2 to 1. The JSE Market Index dived 686.87 points to finish at 165,106.57 and the JSE combined index lost 642.10 points to end at 177,483.42 and gained at 12 percent for the year to date.
At the close 17,656,211 units valued at $101,436,212 changed hands, compared to 2,395,219 units valued at $25,654,956 changing hands on Thursday. The junior market accounted for 234,593 units trading valued at $1,406,575 of the stocks traded.
The average trade for the day in the main market ended at 871,081 units, compared to an average for the month to date of 484,035 units. On Thursday, an average of 72,131 units traded with the average for the month to date at 96,990.
The market closed with 33 securities trading as the prices of 17 gained while 9 declined in the overall market, including 7 stocks rising and 3 falling, in the junior market.
ICI -JSE sum -21-10-16 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 17 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Berger Paints gained 4 cents in trading 8,108 shares to end at a 52 weeks’ closing high of $5.84, Cable & Wireless closed at 90 cents with 47,906 units trading, Caribbean Cement traded 7,686 shares and gained 6 cents to close at $31.56, Carreras closed at $66 with 2,500 units changing hands. Grace Kennedy closed trading with 25,476 shares changing hands at $41.99, Jamaica Broilers closed at $14.76 after adding 21 cents, with 59,337 shares switching owners. Jamaica Producers rose 30 cents to $8.30 with 5,000 units trading, Jamaica Stock Exchange lost 58 cents and ended at $27.39 while trading 1,000 shares, JMMB Group gained 48 cents in trading 251,500 units to close at $13.50. Kingston Wharves lost 10 cents in trading 50,784 shares to close at $17, ICI -JSE fn Qts -21-10-16 Mayberry Investments gained 35 cents and ended with 15,494,469 shares trading at $3.85, National Commercial Bank traded 2,175 shares to close with a rise of $1.49 at $43.49, Pan Jamaican Investments lost 45 cents and closed at $22.55 after trading 10,279 shares. Sagicor Group had 42,789 shares changing hands and closed with a rise of 40 cents at $23, Scotia Group fell 98 cents and closed at $30.02 with 328,747 shares changing hands, Scotia Investments jumped $2.95 with 17,850 units changing hands to close at $33.95. Seprod gained 60 cents as 2,000 units changed hands to close at $24.50, Supreme Ventures traded 51,900 shares buy fell 28 cents to close at $4.52 and Proven Investments traded 1,002,300 units at 16.5 US cents after falling 3.5 cents.

First Citizens recovers some ground – Friday

Stocks First Citizens Bank was the largest mover on Trinidad and Tobago Exchange when trading ended on Friday, with the price that dropped $3.93 on Thursday, recovering 50 cents with 200 units trading to end at $31.50. Elsewhere trading ended with 9 securities changing hands, down from 11 on Thursday.
Trading activity closed with 4 stocks rising while 3 declined and 2 remained unchanged as 522,024 shares valued at $1,246,175 changed hands, compared to 1,593,090 shares valued at $2,604,191 on Thursday as 2 stocks closed at new 52 weeks’ high.
The market closed with sharp movements in the indices. The the Composite Index advanced by 2.95 points to close at 1,167.20. The All T&T Index closed with a gain of 4.59 points to 1,802.05, down 7.52 percent for 2016 and the Cross Listed Index rose 0.18 points to 71.03 points and is up 43.47 percent year to date.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with bids higher than their last selling prices and 8 with lower offers.
Gains| JMMB Group gained 4 cents and closed at a 52 weeks’ high of 84 cents with 413,232 units for a value of $ 339,850, switching ownership. Grace Kennedy contributed 1,420 shares and rose 3 cents in trading, to close at a 52 weeks’ high of $2.60 and Trinidad Cement gained 20 cents with 81,777 shares valued at $326,537 changing hands to close at $4.
TTSE sum 21-10-16 Losses| Guardian Holdings lost 1 cent in trading 1,447 shares, the price closed at $12.60, National Commercial Bank ended with 290 shares changing hands with the price closing with a loss of 2 cents at $2.58 and Trinidad and Tobago NGL lost 3 cents in trading 16,200 shares with a value of $381,495 changing hands at $23.55.
Firm Trades| Clico Investment Fund closed with 7,430 shares changing hands at $22.60 and Massy Holdings ended with 325 shares changing hands at $51.50.

JSE soft in early trading – Friday

Trading on the Jamaica Stock Exchange is off to a modest start on Friday. Trading in junior market stocks has seen a small number of securities trading. Trading volume and values were up from Thursday’s level with advancing stocks being beating declining ones.
ICI -JSE fn Qts -20-10-16The all Jamaica Composite Index fell 202.13 points to 184,047.20 the Jamaica Stock Exchange Market Index slipped 180.73 points to 165,612.71, the Jamaica Stock Exchange combined index declined 170.39 points to close at 177,955.13 and the junior market index inched down 0.27 points to 2,372.03.
At 10.45 am, a total of 25 securities traded, resulting in a volume of 1,743,200 shares changing hands carrying a value of $7,392,869, compared to 893,707 shares changing hands carrying a value of $6,616,329, on Thursday.
The average number of shares traded amounts to 69,728 units compared to 40,623 on Thursday. Market activity resulted in 7 stocks falling while the prices of 10 securities rose.
In trading activity JMMB Group dropped from $13.02 to $11.51, while trading 250,000 units, Mayberry Investments have exchanged 131,000 units at $3.50, Proven Investments had 1,002,300 shares changing hands at 16.5 US cents down from 19.95 US cents. Scotia Investments climbed $2.95 with 17,850 shares to $33.95.

First Citizens drops sharply – Thursday

First Citizens lost $3.93 on TTSE on Thursday

First Citizens lost $3.93 on TTSE on Thursday

First Citizens Bank (FCB) was the most noted mover on Trinidad and Tobago Exchange when trading ended on Thursday. The price of FCB dived $3.93 on the trading of 1,000 shares and closed at $31 down from $34. Trading ended with 11 securities changing hands, down from 13 on Wednesday.
Trading activity closed with no stock rising while 5 declined and 7 remained unchanged as 1,593,090 shares valued at $2,604,191 changed hands, compared to 207,405 shares valued at $1,352,970 on Wednesday as one stock closed at new 52 weeks’ low.
The market closed with sharp movements in the indices. The the Composite Index dropped 10.95 points to close at 1,164.25. The All T&T Index closed with a dive of 20.73 points to 1,797.46, down 7.75 percent for 2016 and the Cross Listed Index fell 0.14 points to 70.85 points and is up 43.10 percent year to date.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with bids higher than their last selling prices and 8 with lower offers.
Gains| There were no stocks ending higher at the close of trading.
Losses| Guardian Holdings lost 1 cent in trading 1,824 shares, the price closed at $12.60, National Commercial Bank ended declined by 2 cents with 5,603 shares changing hands with the price closing at $2.60.TTSE sum 20-10-16 One Caribbean Media lost 40 cents in trading 2,010 shares at a 52 weeks’ low of $20 and Unilever Caribbean fell 9 cents with 2,000 shares trading at $59.90.
Firm Trades| Clico Investment Fund closed with 10,460 shares changing hands at $22.60, JMMB Group closed at 80 cents with 1,484,379 units for a value of $1,187,503 switching ownership, Massy Holdings ended with 325 shares changing hands at $51.50. Prestige Holdings with 83,979 units with a value of $923,749 changing hands, ended at $11, Sagicor Financial Corporation traded 1,500 units at $7.20 and Scotiabank traded 10 shares and closed at $58.50.

JSE majors in big fall on Wednesday

stocks The main market indices of the Jamaica Stock Exchange got clobbered on Wednesday with the all Jamaica Composite Index dropping 2,404.09 points before the close of trading and ended down by with a smaller loss of 1,423.88 at 185,219.39.
The JSE Market Index had dived 2,146.93 points ahead of closing, but clawed back some of the losses, to finish at 166,660.85, having lost 1,273.21 points and the JSE combined index which plunged 2,038.87 points ahead of the close, lost 1,267.83 points to end at 178,971.13 and held a 13 percent for the year to date.
At the close 3,225,271 units valued at $32,690,159 changed hands, compared to 11,005,276 units valued at $189,009,513 changing hands on Tuesday. The junior market accounted for 1,741,347 units trading valued at $9,759,413 of the stocks traded.
The average trade for the day in the main market ended at 59,357 units, compared to an average for the month to date of 121,849 units. On Tuesday, an average of 241,975 units traded with the average for the month to date being 184,341.
ICI -JSE sum -19-10-16The market closed with 38 securities trading as the prices of 16 gained while 13 declined in the overall market, including 6 stocks rising and 5 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 9 stocks with bids higher than their last selling prices and 4 with a lower offer.
In market activity, Barita Investments traded 29,759 shares at $4.65, Cable & Wireless lost 1 cent and closed at 97 cents with 59,590 units trading, Caribbean Cement traded 5,150 shares and rose 50 cents to close at $32, Carreras rose 2 cents to close at $66 with 4,350 units changing hands. Trading in 1834 Investments ended with 4,716 shares changing hands, the price rose 2 cents to close at $1.20, Grace Kennedy closed with 118,515 shares changing hands at $41.55, Jamaica Broilers closed at $14.50 after shedding 1 cent, with 686,211 shares switching owners. Jamaica Producers fell 40 cents to $8 with 78,660 units trading, JMMB Group lost 1 cent in trading 2,665 units to close at $13.99. Mayberry Investments ended with 11,500 shares trading, to close at $3.50 for a fall of 35 cents, ICI -JSE fn Qts -19-10-16Mayberry reported third quarter results after the market closed, with net profit of $59 million or 4 cents per share and $320 million or 27 cents per share year to date. Net asset value amounts to $6.77, inclusive of appreciation in the share value of associated companies. National Commercial Bank traded 21,523 shares to close with a gain of $1 at $44, trading in 138 Student Living 169,160 shares changing hands at $4.70, Pan Jamaican Investments lost 25 cents and closed at $23 after trading 70,432 shares, Portland JSX traded 96,160 units with the price rising by 20 cents to $11.10. Sagicor Group fell $1 with 6,000 shares changing hands and closed at $22.60, Sagicor Real Estate Fund traded 80,169 shares to close at $10.20, Scotia Group lost 95 cents and closed at $30.05 with 19,662 shares changing hands and Scotia Investments lost $2.90 as 2,820 units changed hands to close with at $31.

4 stocks rose on TTSE – Wednesday

FirstCaribbean International Bank  closed at a 52 weeks’ high on Wednesday.

FirstCaribbean International Bank closed at a 52 weeks’ high on Wednesday.

Trinidad and Tobago stock market ended Wednesday with 12 securities trading, up from 6 on Tuesday. At the close 4 stocks gained, 1 declined while 7 remained unchanged. Trading activity resulted in 207,405 shares valued at $1,352,970 changing hands, compared to 256,553 shares valued at $940,757 on Tuesday as one stock closed at new 52 weeks’ high.
The market closed with modest movements in the indices, with the Composite Index fell 0.30 points to close at 1,175.20. The All T&T Index closed with a decline of 2.74 points at 1,818.19, down 6.69 percent for 2016 and the Cross Listed Index rose 0.29 points to 70.99 points and is up 43.39 percent year to date.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with bids higher than their last selling prices and 8 with lower offers.
Gains| Firstcaribbean International Bank ended trading with 4,535 shares and closed with a rise of 6 cents at a 52 weeks’ high of $7.81, Grace Kennedy contributed 6,901 shares and gained 1 cent in trading, to close at $2.57. National Enterprises closed with 800 shares changing hands at $10.20, after gaining by 4 cents and TTSE sum 19-10-16Republic Financial Holdings ended with 1,510 shares trading, with a rise of 1 cent to end at $110.99.
Losses| Trinidad and Tobago NGL closed with a loss of 4 cents at $23.55 with 495 units changing hands.
Firm Trades| Ansa Merchant Bank traded 200 units to end at $40.01, Guardian Holdings traded 76,289 shares with the price closing at $12.60, JMMB Group closed at 80 cents with 115,440 units switching owners, Massy Holdings ended with 921 shares changing hands at $51.50. National Flour ended with 194 shares changing hands at $2.58, One Caribbean Media traded 70 shares at $20.40 and Scotiabank traded 50 shares and closed at $58.51.