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.
Minority owners disrupt NCB’s Guardian offer
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 Friday, 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.
JSE trading drops 87% on Thursday
JMMB Group accounted for 31% of volume traded.
Main Market activity of the Jamaica Stock Exchange ended the total volume traded falling by 87 percent on Wednesday compared to Wednesday as 2,690,310 shares valued at $52,093,635. JMMB Group accounted for 971,565 units or 36.11 percent of shares traded. Trading on Wednesday amounted to 20,208,278 shares valued at $255,279,222.
Main Market of the Jamaica Stock Exchange Market activity ended with 29 securities traded ending with 9 securities rising, 9 falling, 11 trading firm, leading to market indices to just eking out a minute change. The JSE All Jamaican Composite Index adding just 0.28 points to 320,034.84 and the JSE Index rising by a minute 0.25 points to 291,587.92.
In the main market activity, Berger Paints ended 5 cents higher at $17.05, with 1,680 stock units, Cable & Wireless concluded trading with a loss of 11 cents at $1.25, with 156,030 units being exchanged Carreras finished at $10.95, with 205,552 shares, Caribbean Cement settled with a loss of 2 cents at $33, with 8,520 shares, 
Ciboney Group ended trading with a loss of 4 cents close at 52 weeks’ low of 12 cents, with 322,400 shares. Grace Kennedy traded at $44.20, with 81,830 stock units, Jamaica Broilers finished trading with a loss of 93 cents at $18.07, while exchanging 240,916 units, Jamaica Producers closed with a loss of 15 cents at $15, with 38,889 shares, Jamaica Stock Exchange ended 49 cents higher at $6.70, with 3,634 shares. JMMB Group concluded trading at $25, with 971,565 shares, Kingston Properties finished at $6.65, with 3,899 stock units, Kingston Wharves settled at $42.60, with 27,033 units, Mayberry Investments ended trading with a loss of 1 cent at $4.80, with 3,500 shares. NCB Financial Group lost 10 cents to end at $99.90, with 33,214 shares, PanJam Investment ended 20 cents higher at $40.75, with 1,000 units changing hands, Radio Jamaica settled at $1.05, with 34,939 shares, Sagicor Group ended trading 50 cents higher at $37, with 33,518 stock units. Sagicor Real Estate Fund ended trading at $14.90, with 20,956 shares, Salada Foods traded with a loss of $1 at $11, with 77,119 units,
Scotia Group finished trading at $52, with 50,562 shares, Seprod closed at $29.99, with 143 shares, Sterling Investments ended 95 cents higher at $13, with 48,026 shares. Supreme Ventures concluded trading 15 cents higher at $11.80, with 709 stock units, Victoria Mutual Investments finished 10 cents higher at $4.40, with 126,721 units and Wisynco Group settled with a loss of 19 cents at $10.50, with 143,855 shares. In the main market preference segment, Jamaica Money Market 7.5% traded 5 cents higher at $2, with 300 stock units, JMMB Group 7.5% closed at $1.02, with 300 shares, Productivity Business finished at $100, with 43,500 stock units, Proven Investments settled 10 cents higher at $5.15, 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 “JSE main market in steady trading.”
Wisynco Group corners 81% of trading
Wisynco takes 81% of market.
Main Market activity of the Jamaica Stock Exchange ended on Tuesday with a big jump to 20,208,278 shares valued at $255,279,222 with Wisynco Group accounting for 16,421,906 units and 81.26 percent of share traded.
Market activity ended with 26 securities traded ending with 9 securities rising, 6 falling, 11 trading firm, leading to the JSE All Jamaican Composite Index surged by 2,161.69 points to 320,034.56 and the JSE Index jumped by 1,969.54 points to 291,587.67.
In the main market activity, Berger Paints ended with a loss of 50 cents at $17, with 24,212 stock units, Cable & Wireless concluded trading at $1.36, with 160,929 units, Carreras finished at $10.95, with 67,843 shares, Caribbean Cement settled $3.80 higher at $35, with 1,663,767 shares, Ciboney Group ended trading with a loss of 3 cents at 16 cents, with 791,013 shares. Grace Kennedy traded at $44.20, with 207,655 stock units, Jamaica Broilers finished trading at $19, with 225,282 units, Jamaica Producers closed at $15.15, with 7,208 shares, Jamaica Stock Exchange ended with a loss of 49 cents at $6.21, with 15,107 shares. JMMB Group concluded trading 30 cents higher at $25, with 7,073 shares, Kingston Wharves settled at $42.60, with 3,324 units, Mayberry Investments ended trading with a loss of 28 cents at $4.81, with 24,020 shares, NCB Financial Group traded at $100, with 45,128 shares. PanJam Investment ended at $40.55, with 1,000 units, Pulse Investments finished 19 cents higher at $1.99, with 5,000 shares, 
Radio Jamaica settled at $1.05, with 146,368 shares, Sagicor Group ended trading at $36.50, with 5,815 stock units. Sagicor Real Estate Fund settled 25 cents higher at $14.90, with 6,516 shares, Salada Foods traded $1 higher at $12, with 9,100 units, Scotia Group finished trading 50 cents higher at $52, with 31,700 shares, Seprod closed 99 cents higher at $29.99, with 143 shares, Sterling Investments ended $2.74 higher at $12.05, with 25,000 shares, Supreme Ventures concluded trading with a loss of 34 cents at $11.65, with 62,068 stock units, Victoria Mutual Investments finished at $4.30, with 221,101 units and Wisynco Group traded 16,421,906 units but lost 20 cents to end at $10.49. In the main market preference segment, Proven Investments settled with a loss of 4 cents at $5.05, with 30,000 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 “JSE main market enjoyed big bounce.”
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.
JSE majors in moderate trading Tuesday
Main Market activity of the Jamaica Stock Exchange ended on Tuesday with a modest 2,910,640 shares valued at $68,467,853 changing hands as 26 securities traded, ending with 9 securities rising, 8 falling, 6 trading firm.
Trading led to gains in the market indices, with the JSE All Jamaican Composite Index rising 731.91 points to 317,872.87 and the JSE Index advancing 666.86 points to 289,618.13.
In the main market activity, Barita Investments closed at $8, with 3,653 shares, Berger Paints ended at $17.50, with 4,077 stock units, Cable & Wireless concluded trading with a loss of 1 cent at $1.36, with 37,572 units, Carreras finished at $10.95, with 167,024 shares, Caribbean Cement settled with a loss of $1.80 at $31.20, with 300 shares. 
Ciboney Group ended trading with a loss of 6 cents at 19 cents, with 474,739 shares, Grace Kennedy traded with a loss of 5 cents at $44.20, with 129,019 stock units, Jamaica Broilers finished trading 40 cents higher at $19, with 18,348 units, Jamaica Producers closed 15 cents higher at $15.15, with 9,500 shares. Jamaica Stock Exchange ended at $6.70, with 11,066 shares, JMMB Group concluded trading with a loss of 30 cents at $24.70, with 4,920 shares, Kingston Wharves settled at $42.60, with 77,401 units, Mayberry Investments ended trading with a loss of 41 cents at $5.09, with 9,893 shares. NCB Financial Group traded 48 cents higher at $100, with 50,269 shares, 1834 Investments finished trading 8 cents higher at $1.28, with 5,800 shares, PanJam Investment ended at $40.55, with 28,890 units, Pulse Investments finished at $1.80, with 31,300 shares. Radio Jamaica settled with a loss of 7 cents at $1.05, with 43,620 shares, 
Sagicor Group ended trading 50 cents higher at $36.50, with 50,119 stock units, Sagicor Real Estate Fund settled 60 cents higher at $14.65, with 337,800 shares, Scotia Group finished trading 90 cents higher at $51.50, with 733,630 shares, Seprod closed with a loss of 1 cent at $29, with 293 shares. Supreme Ventures concluded trading with a loss of 1 cent at $11.99, with 133,282 stock units, Victoria Mutual Investments finished 18 cents higher at $4.30, with 240,881 units and Wisynco Group traded 297,244 units with the price rising by 1 cent to end at $10.50. In the main market preference segment, JMMB Group closed at $1.02, with 10,000 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 main market indices fall – Tuesday.”
Trinidad stocks inched higher – Tuesday
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.”