Minority owners disrupt NCB’s Guardian offer

NCB Financial Group has advised that the offer to acquire up to 62 percent of Guardian Holdings shares lapsed due to failure for condition 2.4.5 of the Offer.
The conditions in summary stipulates that the conclusion of the offer is subject to there being no action instituted or threatened or investigation by government or its bodies or legal action that may delay the completion of the offer or make it illegal.
At the end of Friday 23rd February, there are terms and conditions of the Offer which remain outstanding a release from NCB stated, as such and in accordance with the provisions of the Securities Industry (Take-Over) By-Laws, 2005 the Offer lapsed.
The latest tally of offers received showed 535 Guardian shareholders tendered approximately 91,743,975 shares which, together with the NCB existing shareholding, represents approximately 70.24% of the outstanding GHL Shares. No shares deposited have been taken up by the Offeror.
NCB future states that the Trinidad and Tobago Securities and Exchange Commission has decided to convene a hearing in accordance with the provisions of the Securities Act, 2012 in respect of the facts and circumstances surrounding the Offeror’s equity interest in GHL and the issuance of the Offer Circular.

All 3 TTSE indices falter – Friday

Market activity on the Trinidad & Tobago Stock Exchange closed on Friday with trading in 17 securities, against 14 trading on Thursday, resulting in 4 stocks rising, 5 declining and 8 remaining unchanged.
At close of the market the, Composite Index shed 2.02 points on Friday to 1,268.71, the All T&T Indexfell 0.37 points to 1,701.57, while the Cross Listed Index inched 0.51 points lower to close at 112.78.
Trading ended with 1,126,271 shares at a value of $14,736,676, compared to 171,497 shares at a value of $1,699,257.
IC bid-offer Indicator| IC bid-offer Indicator|At the end of trading, on Thursday, the Investor’s Choice bid-offer indicator reading shows 6 stocks with bids lower than their last selling prices and 6 with lower offers.
Gains| First Citizens added 1 cent and ended at $32.11, trading 1,212 shares, JMMB Group gained 2 cents and ended at $1.85, with 315,994 stock units changing hands, Scotiabank rose 5 cents and settled at $61.76, trading 44,460 shares and West Indian Tobacco closed with a gain of 5 cents to settle at $88.55, trading 248 shares.
Losses| Agostini’s fell 45 cents and concluded at $20.55, trading 450,000 shares, Grace Kennedy closed with a loss of 5 cents and completed trading at $3.35, with 32,699 units, National Flour shed 4 cents and settled at $1.86, trading 1,000 shares, NCB Financial Group lost 7 cents and concluded trading at $6.53, with 244,510 shares and Sagicor Financial ended trading 6 cents lower at $7.82, with 15,443 units changing hands.
Firm Traded| Ansa Mcal closed trading at $60, with 100 units changing hands, Clico Investments closed at $20, trading 7,954 units, First Caribbean International Bank settled at $9.30, trading 246 shares, LJ Williams B share concluded trading at 75 cents, with 3,707 stock units. National Enterprises completed market activity at $9.65, with 100 units, Point Lisas closed at $3.81, with 600 units, Prestige Holdings settled at $10, trading 1,171 shares and Trinidad & Tobago NGL concluded trading at $27.10, trading 6,827 shares.

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

Trinidad stock market in steady mode – Wednesday

Market activity on the Trinidad & Tobago Stock Exchange was moderate on Wednesday with trading in just 11 securities, against 19 trading on Tuesday. The market closed with 3 stocks rising, 1 declining and 6 remaining unchanged.
IC bid-offer Indicator|At the end of trading, on Friday, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 4 with lower offers, an indication of a greater level of stability in the market.
Trading ended with 143,873 shares with a value of $1,406,116, compared to 305,086 shares with a value of $4,018,435, changing hands.
At close the Composite Index shed 0.11 points on Wednesday to 1,269.86, the All T&T Index closed unchanged at 1,701.21 while Cross Listed Index slipped 0.03 points to close at 113.15.
Gains|Clico Investments concluded trading with a gain of 35 cents and finished at $20.35, with 1,285 units, First Citizens added 1 cent to finish at $32.11, trading 6,213 shares, the price of LJ Williams B share increased by 5 cents and finished at 75 cents, with 37,328 shares traded and Sagicor Financial rose 6 cents and finished at $7.88, with 36,259 units.
Losses| Trinidad & Tobago NGL fell 40 cents and finished at $27.10, trading 14,127 shares.
Firm Traded| Grace Kennedy end at $3.40, with 10,000 units, JMMB Group finished at $1.80, with 5,000 stock units changing hands, National Enterprises closed at $9.65, with 500 units, NCB Financial Group ended at $6.60, trading 18,465 shares, Republic Financial Holdings closed trading at $101.51, with 2,696 stock units changing hands and Trinidad Cement concluded trading at $3.50, with 12,000 stock units traded.
Prices of securities trading for the day are those at which the last trade took place.

Trinidad stocks inched higher – Tuesday

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Market activity on the Trinidad & Tobago Stock Exchange ended on Tuesday with trading in 19 securities with 4 trading 5 units or less, against 16 trading on Monday. The market closed with 3 stocks advancing, 1 declining and 15 remaining unchanged.
IC bid-offer Indicator|At the end of trading, on Tuesday, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 4 with lower offers, an indication of a greater level of stability in the market.
Trading ended with 305,086 shares with a value of $4,018,435, compared to 74,204 shares with a value of $1,358,010, changing hands.
At close the Composite Index gained 0.33 points on Tuesday to 1,269.97, the All T&T Index rose 0.24 points to 1,701.21 while Cross Listed Index added 0.06 points to close at 113.18.
Gains|Agostini’s concluded trading and rose 1 cent to finish at a 52 weeks’ high of $20.87, trading just 2 shares, Scotiabank added 1 cent to complete trading at $61.72, with 2,802 stock units changing hands and strong>Trinidad & Tobago NGL increased 48 cents and finished at $27.50, with 6,833 units changing hands.
Losses| LJ Williams B share ended trading 5 cents lower at $0.70, trading 200 shares.
Firm Traded| Angostura Holdings concluded trading at $15.67, with 2,127 stock units changing hands Ansa Mcal ended at $60, with a mere 2 units trading, Ansa Merchant finished at $40, trading just 2 shares, Clico Investments concluded trading at $20, with 19,063 units, First Caribbean International Bank ended at $9.30, trading 946 shares. First Citizens finished at $32.10, trading 3,108 shares, Grace Kennedy closed trading at $3.40, with 161,520 units, Massy Holdings ended at $47, with 25,428 stock units changing hands. National Enterprises finished at $9.65, with only 5 units trading. National Flour completed trading at $1.90, trading 845 shares, NCB Financial Group closed at $6.60, trading 22,620 shares, Point Lisas concluded trading at $3.81, with 29,514 units, Sagicor Financial traded 2,150 units at $7.82, Trinidad Cement closed at $3.50, trading 16,036 shares and West Indian Tobacco finished at $88.50, with 11,883 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

JMMB dominates JSE trading

Market activity ended with only 4,327,589 shares valued at $91,755,917 changing hands as 27 securities traded ending with 10 securities rising, 9 falling and 8 trading firm.
Trading in JMMB Group accounted for 71 percent of the volume of shares traded for the day. Trading led to gains in the market indices. The JSE All Jamaican Composite Index gained 1,009.19 points to 317,140.96 and the JSE Index advanced by 919.48 points to end at 288,951.27.
In the main market activity, Berger Paints ended with a loss of 49 cents at $17.50, with 633 stock units, Cable & Wireless concluded trading 1 cent higher at $1.37, with 190,477 units, Carreras finished with a gain of 44 cents at $10.95, with 35,877 shares, Caribbean Cement jumped $2.32 to close at $33, with a mere 2,525 shares, Ciboney Group ended trading with a loss of 7 cents to 25 cents, with 20,000 shares, with the stock trading ex-dividend of 34 cents. Grace Kennedy traded 25 cents higher at $44.25, with 19,093 stock units, Jamaica Broilers finished trading with a rise of 50 cents at $18.60, as 8,066 units were exchanged, Jamaica Producers lost 50 cents at $15, with 126,900 shares trading, Jamaica Stock Exchange fell 29 cents to $6.70, with 3,300 shares. JMMB Group concluded trading at $25, with 3,074,791 shares, Kingston Wharves settled 60 cents higher at $42.60, trading 15,526 units, Mayberry Investments ended trading with a loss of 49 cents to $5.50, as 57,345 shares were exchanged, NCB Financial Group slipped 48 cents to $99.52, with 22,553 shares. PanJam Investment lost 45 cents to end at $40.55, with 46,642 units, Portland JSX concluded trading at $10, with 30,650 shares, Pulse Investments finished at $1.80, as 25,000 shares changed hands, Radio Jamaica settled at $1.12, with 10,174 shares. Sagicor Group ended trading at $36, with 14,598 stock units, Sagicor Real Estate Fund settled with a loss of 85 cents at $14.05, with 175,214 shares, Salada Foods traded $1.05 higher to $11, with 10,000 units, Scotia Group finished trading and gained 5 cents to $50.60, with 100 shares, Supreme Ventures ended at $12, trading 8,840 stock units. Victoria Mutual Investments finished 2 cents higher at $4.12, with 136,776 units, Wisynco Group traded 282,109 units but lost 20 cents to end at $10.49 and In the main market preference segment, JMMB Group 7.5% closed at $1.02, with 300 shares, 138 Student Living ended at $6, with 100 shares, Proven Investments 8.25% settled 4 cents higher at $5.09, with 10,000 units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Gains for JSE main market stocks – Monday.”

Trinidad stock market remains steady – Monday

Prices of only 4 stocks changed at the close of trading on the Trinidad & Tobago Stock Exchange on Monday, with trading in 16 securities against 18 on Friday. 2 stocks advanced, 2 declined and 12 remained unchanged on a day of modest trading.
IC bid-offer Indicator|At the end of trading, on Monday, the Investor’s Choice bid-offer indicator reading shows 2 stocks ended with bids higher than their last selling prices and 4 with lower offers, an indication of a greater level of stability in the market.
Trading ended with 74,204 shares with a value of $1,358,010, compared to 213,988 shares with a value of $4,302,172, changing hands.
At close the Composite Index gained 0.21 points on Monday to 1,269.64, the All T&T Index lost 0.09 points to 1,700.97 while Cross Listed Index added 0.07 points to close at 113.12.
Gains|Trinidad & Tobago NGL rose 2 cents and finished at $27.02, with 1,175 units and Unilever Caribbean closed with a gain of 1 cent at $29.01, trading 20,210 shares.
Losses| National Flour closed with a loss of 4 cents and completed trading at $1.90, with 250 shares and Republic Financial Holdings shed 1 cent and finish at $101.51, with 3,281 stock units changing hands.
Firm Trades| Clico Investments concluded trading at $20, with 3,843 units, First Caribbean International Bank ended at $9.30, trading 1,500 shares,  First Citizens finished at $32.10, with 175 shares changing hands, Grace Kennedy closed at $3.40, with 18,000 units trading, JMMB Group finished at $1.80, with 4,922 stock units changing hands. Massy Holdings ended at $47, with 1,000 stock units trading, National Enterprises finished at $9.65, with 500 units, NCB Financial Group closed at $6.60, trading 5,000 shares, Point Lisas ended at $3.81, with 3,386 units. Prestige Holdings finished at $10, trading 4,645 shares, Sagicor Financial concluded trading at $7.82, with 5,453 units and Scotiabank completed trading at $61.71, with 864 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Moderate JSE main market trading

Main Market activity of the Jamaica Stock Exchange Market ended on Friday with 3,008,815 shares changing hands valued at a mere $31,052,068 as 26 securities traded ending with 9 securities rising, 8 falling, 6 trading firm.
Trading led to declines in the market indices, with the JSE All Jamaican Composite Index dropping 794.62 points to 316,131.77 and the JSE Index declining by 723.99 points to 288,031.79.
In the main market activity, Barita Investments ended with a loss of 45 cents at $8, with 937 stock units, Berger Paints closed at $17.99, with 12,166 shares, Cable & Wireless concluded trading with a loss of 2 cents at $1.36, with 43,535 units, Carreras finished with a loss of 44 cents at $10.51, with 42,730 shares, Caribbean Cement settled 18 cents higher at $30.68, with 9,500 shares. Ciboney Group closed at 32 cents with 159,414 shares traded, Grace Kennedy ended trading $1 higher at $44, with 61,564 shares, Jamaica Broilers traded 5 cents higher at $18.10, with 7,050 stock units, Jamaica Producers finished trading with a loss of 1.97 cents at $15.50, with 186,991 units, JMMB Group ended at $25, with 18,977 shares. Kingston Properties concluded trading 65 cents higher at $6.65, with 7,265 shares, Kingston Wharves finished $1 higher at $42, with 1,500 stock units, Mayberry Investments settled with a loss of 6 cents at $5.99, with 1,500 units, NCB Financial Group ended trading 20 cents higher at $100, with 51,424 shares. PanJam Investment closed 95 cents higher at $41, with 37,796 stock units, Radio Jamaica finished 12 cents higher at $1.12, with 1,621,266 shares, Sagicor Group settled 40 cents higher at $36, with 11,923 shares, Sagicor Real Estate Fund settled at $14.90, with 56,392 shares, Scotia Group traded at $50.55, with 106,638 units. Seprod finished trading with a loss of 59 cents at $29.01, leading to 156,774 shares changing hands, Sterling Investments closed with a rise of 31 cents at $9.31, with 13,427 shares, Supreme Ventures ended at $12, with 10,983 shares, Victoria Mutual Investments concluded trading with a loss of 10 cents at $4.10, after 127,537 stock units were exchanged while Wisynco Group finished at $10.69, with 304,203 units. In the main market preference segment, Jamaica Money Market 7.25% traded 100 stock units at $2.49, and Jamaica Money Market 7.5% finished trading at $1.95, with 10,706 units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE main market indices fall – Friday.”

Trinidad stock market steady – Friday

Prices were mostly steady at the close of trading on the Trinidad & Tobago Stock Exchange with on Friday with trading in 18 securities against 16 on Thursday, with 1 stock advancing, 2 declining and 15 remaining unchanged resulting in modest change in the market indices.
IC bid-offer Indicator|At the end of trading, on Thursday, the Investor’s Choice bid-offer indicator reading shows 2 stocks ended with bids higher than their last selling prices and 4 with lower offers, an indication of a greater level of stability in the market.
Trading ended with 213,988 shares with a value of $4,302,172, compared to 156,311 shares with a value of $5,255,361, changing hands.
At close the Composite Index shed 0.75 points on Friday to 1,269.43, the All T&T Index fell 0.92 points to 1,701.06 while Cross Listed Index declined 0.08 points to close at 113.05.
Gains|Unilever Caribbean increased 1 cent to finished at $29, trading 17,247 shares.
Losses| Massy Holdings traded with a loss of 30 cents at a 52 weeks’ low of $47, with 39,420 stock units changing hands and Sagicor Financial closed with a loss of 1 cent to end at $7.82, with 21,500 units.
Firm Traded| Ansa Mcal finished at $60, with 300 units, Ansa Merchant completed at $40, trading 1,000 shares, Clico Investments end with $20, with 24,410 units, First Citizens completed at $32.10, trading 1,722 shares, Grace Kennedy concluded trading at $3.40, with 35,000 units. LJ Williams B share closed at 75 cents, trading 3,300 units, National Enterprises completed trading at $9.65, with 9,937 stock units, NCB Financial Group concluded trading at $6.60, trading 20,022 shares, One Caribbean Media end with $12.50, with 6,100 stock units changing hands. Prestige Holdings completed at $10, trading 8,401 shares, Republic Financial Holdings concluded trading at $101.52, with 3,189 stock units changing hands, Scotiabank finish at $61.71, with 163 stock units changing hands, Trinidad & Tobago NGL concluded trading at $27, with 7,290 units, Trinidad Cement end at $3.50, trading 13,964 shares and West Indian Tobacco ended at $88.50, with 1,023 stock units changing hands.

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

Subdued trading sinks JSE index – Thursday

Market activity closed on The Jamaica Stock Exchange on Thursday with 28 securities changing hands, as the prices 11 rose 11 declined and 6 traded unchanged as 3,856,461 shares valued at a mere $40,581,082 changed hands.
The JSE All Jamaican Composite Index fell 1,047.87 points to 316,926.39 and the JSE Index declined by 954.73 points to 288,755.78.
In the main market activity, Barita Investments ended at $8.45, with 750 stock units, Berger Paints closed with a loss of 1 cent at $17.99, with 350 shares, Cable & Wireless concluded trading 5 cents higher at $1.38, with 107,631 units, Carreras finished at $10.95, with 200,655 shares, Caribbean Cement settled 48 cents higher at $30.50, with 11,062 shares. Ciboney Group ended trading with a loss of 8 cents at $0.31, with 482,108 shares, Grace Kennedy traded at $43, with 493 stock units, Jamaica Broilers finished trading with a loss of 15 cents at $18.05, with 500 units, Jamaica Producers closed $1.87 higher at $17.47, with 34,606 shares. Jamaica Stock Exchange ended 49 cents higher at $6.99, with 279,870 shares, JMMB Group concluded trading 48 cents higher at $25, with 207,833 shares, Kingston Properties finished at $6, with 2,500 stock units, Kingston Wharves settled with a loss of 1.60 cents at $41, with 1,761 units. Mayberry Investments ended trading 90 cents higher at $6.05, with 125,353 shares, NCB Financial Group traded 80 cents higher at $99.80, with 23,974 shares, 138 Student Living ended with a loss of 15 cents at $6, with 350 shares, PanJam Investment ended with a loss of 1.80 cents at $40.05, with 3,326 units, Pulse Investments finished at $1.80, with 2,985 shares. Radio Jamaica settled with a loss of 5 cents at $1, with 745,339 shares, Sagicor Group ended trading 10 cents higher at $35.60, with 336,636 stock units, Sagicor Real Estate Fund ended trading 5 cents higher at $14.90, with 62,225 shares. Salada Foods traded with a loss of 56 cents at $9.95, with 1,000 units, Scotia Group finished trading with a loss of 1.45 cents at $50.55, with 36,870 shares. Seprod closed at $29.60, with 1,200 shares, Supreme Ventures concluded trading 1 cent higher at $12, Victoria Mutual Investments with 57,209 stock units, finished 5 cents higher at $4.20, with 177,360 units, Wisynco Group settled with a loss of 6 cents at $10.69, with 905,215 shares and in the main market preference segment, JMMB Group closed with a loss of 1 cent at $1.02, with 47,300 shares, changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE in big rise again – Thursday.”

Trinidad stock market firming up

Prices are firming up on the Trinidad & Tobago Stock Exchange with the IC bid-offer Indicator showing stocks being sold currently below the last traded prices have declined sharply from where there were late last year and in January of around 8 offers.
IC bid-offer Indicator|At the end of trading, on Thursday, the Investor’s Choice bid-offer indicator reading shows 2 stocks ended with bids higher than their last selling prices and 3 with lower offers, an indication of a greater level of stability in the market.
Market activity on the Trinidad & Tobago Stock Exchange ended on Thursday with trading in 16 securities against 18 on Wednesday, with 3 stocks advancing, 3 declining and 10 remaining unchanged.
Trading ended with 156,311 shares with a value of $5,255,361, compared to 107,817 shares with a value of $2,343,695, changing hands.
At close the Composite Index gained 01.55 points on Thursday to 1,270.18, the All T&T Index shed 0.11 points to 1,701.98 while Cross Listed Index rose 0.44 points to close at 113.13.
Gains| Republic Financial Holdings increased 2 cents and concluded trading at $101.52, with 34,343 stock units changing hands, Scotiabank rose 8 cents and finished at $61.71, with 2,668 stock units and Unilever Caribbean closed with a gain of 9 cents and finished at $28.99, trading 50 shares changing hands.
Losses| LJ Williams B share fell 1 cent and ended at 75 cent, trading 31,600 units, Massy Holdings shed 19 cents and finished at $47.30, with 4,712 stock units changing hands and Sagicor Financial lost 5 cents and ended at $7.83, with 1,000 units trading.
Firm Traded| Ansa Mcal finished at $60, with 9,873 units, Clico Investments end with $20, with 18,550 units, First Citizens completed at $32.10, trading 347 shares, Grace Kennedy concluded trading at $3.40, with 17,035 units, JMMB Group completed at $1.80, with 6,138 stock units changing hands.. NCB Financial Group concluded trading at $6.60, trading 21,495 shares, One Caribbean Media end with $12.50, with 300 stock units changing hands., Prestige Holdings completed at $10, trading 200 shares, Trinidad & Tobago NGL concluded trading at $27, with 5,500 units and Trinidad Cement ended at $3.50, trading 2,500 shares.
Prices of securities trading for the day are those at which the last trade took place.