Wisynco volume slips below 500,000 shares

One of the Sagicor Real Estate Fund properties.

Recent listings, Victoria Mutual Investments and Wisynco Group continue to be amongst the three leading trades in the main market of the Jamaica Stock Exchange on Tuesday, with the two being bettered, by Sagicor Real Estate Fund with over 874,000 shares.
Market activity ended with 23 securities changing hands, of which 6 advanced, 11 declined, 7 traded firm leading to 2,769,195 shares valued at $33,208,767 changing hands.
At the close of the market the JSE All Jamaican Composite Index fell 751.79 points to 311,409.08 and the JSE Index lost 684.96 points to end at 283,728.88.
In main market activity, Berger Paints closed with a loss of 49 cents at $16.51, with 23,275 shares, Cable & Wireless concluded trading at $1.32, with 159,543 units, Carreras finished with a loss of 24 cents at $11.05, with 109,027 shares, Caribbean Cement added $1.45 higher at $33.50, with 23,389 shares, Grace Kennedy traded 36 cents higher at $43.36, with 26,180 stock units. Jamaica Broilers finished trading 26 cents higher at $17.50, with 19,596 units, Jamaica Producers closed with a loss of 20 cents at $16.50, with 12,332 shares, Jamaica Stock Exchange ended at $6.95, with 1,663 shares, JMMB Group concluded trading with a loss of 27 cents at $24.73, with 102,431 shares. Kingston Wharves settled at $31.50, with 15,927 units, NCB Financial Group traded 7 cents higher at $99.57, with 20,895 shares, 1834 Investments finished trading at $1.27, with 105,430 shares, PanJam Investment ended with a loss of $2.36 to end at $39.14, with 750 units. Pulse Investments finished with a loss of 20 cents at $1.90, with 36,847 shares, Radio Jamaica settled with a loss of 5 cents at $1.05, with 76,870 shares, Sagicor Group ended trading at $36, with 53,529 stock units, Scotia Group finished trading with a loss of 26 cents at $50.24, with 41,045 shares. Sagicor Real Estate Fund ended trading at $14.25, with 874,293 shares, Seprod closed at $29, with 1,920 shares, Supreme Ventures concluded trading with a loss of 21 cents at $11.49, with 2,060 stock units, VM Investments Limited finished with a loss of 5 cents at $4.05, with 541,728 units and Wisynco Group settled 35 cents higher at $10.10, with 470,131 shares. In the main market preference segment, JMMB Group closed 3 cents higher at $1.19, with 100 shares and in the bond market 4,910 units of ISP Finance corporate bonds traded at $110 each.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Main market stocks lost altitude – Tuesday.”

NCB at a 29% premium in Trinidad

NCB Financial Group ended trading on the Trinidad & Tobago Stock Exchange on Tuesday at $6.75, trading 115,530 stock units for a value of $779,827. The stock is trading at the equivalent of J$129 compared to just under $100 in Jamaica for a premium of 29 percent.
The huge difference may be due to the challenge in getting funds out of the twin island state currently and talk of black market rates as high as $9.50 for one US dollar, in the market.
Market activity ended with all the indices inching higher at the close of trading on the Trinidad & Tobago Stock Exchange on Tuesday, as 13 securities traded on the Trinidad & Tobago Stock Exchange on Tuesday against 16 on Monday.
At close of trading 4 stocks advanced, 2 declined and 7 remained unchanged leading to the Composite Index gaining 0.35 points to 1,276.97. The All T&T Indexrose 0.06 points to 1,712.33, while Cross Listed Indexgained 0.09 points to close at 113.57.
Market activity ended with a mere 336,749 shares with a value of $6,174,390 traded jumping over the 140,320 units on Monday, valued at $1,978,596.
IC bid-offer Indicator| At the end of trading, 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.
Gains| Grace Kennedy traded 66,000 units, with gains of 5 cents and closed at a 52 weeks’ high of $3.15, Guardian Holdings finished trading after an increase by 1 cent to end at $17.01, trading 21,326 shares valued at $362,733, National Enterprises closed with an increase of 1 cent to finished at $9.80, with 10 units and Trinidad & Tobago NGL ended trading and rose 2 cents to $26.52, with 1,313 units changing hands.
Losses| Ansa Mcal closed with a fall of 10 cents and ended at $62.39, with 160 units and Republic Financial Holdings finished 8 cents lower to close at $101.50, with 2,581 stock units.
Firm Traded| Clico Investments finished at $21, with 79,486 units valued at $1,669,206, First Citizens ended at $32, trading 5,921 shares, Sagicor Financial ended at $8, with 15,134 units changing hands, Scotiabank ended with 343 stock units trading at $60.50, Unilever Caribbean ended at $28, trading 1,410 shares and West Indian Tobacco finished at $90, with 27,535 stock units with a value of $2,477,952, changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Wisynco still trading more than 1m shares

Recent listings, Victoria Mutual Investments and Wisynco Group remain two of the leading trades in the main market of the Jamaica Stock Exchange on Monday, with Wisynco being the lead trade with VM Investment holding third.
Market activity ended with 23 securities changing hands, of which 9 advanced, 10 declined, 3 traded firm leading to 3,228,645 units valued at $37,292,283 changing hands.
At the close of trading, the JSE All Jamaican Composite Index advanced by 1,863.51 points to 312,160.87 and the JSE Index rose 1,697.87 points to 284,413.84.
In main market activity, Berger Paints closed with a loss of 1 cent at $17, with 10,200 shares, Cable & Wireless concluded trading 2 cents higher at $1.32, with 231,000 units, Carreras finished with a loss of 1 cent at $11.29, with 179,723 shares, Grace Kennedy traded with a loss of 36 cents at $43, with 550 stock units, Jamaica Broilers finished trading with a loss of 26 cents at $17.24, with 17,752 units. Jamaica Producers closed 20 cents higher at $16.70, with 5,850 shares, JMMB Group concluded trading $1.20 higher at $25, with 32,934 shares, Kingston Properties finished with a loss of $1.70 to end at $6, with 1,834 stock units, Kingston Wharves settled 35 cents higher at $31.50, with 3,070 units. Mayberry Investments ended trading with a loss of 30 cents at $6.70, with 82,093 shares, NCB Financial Group traded 48 cents higher at $99.50, with 55,429 shares, 138 Student Living ended at $6, with 767 shares, PanJam Investment ended $1 higher at $41.50, with 1,000 units, Portland JSX concluded trading with a loss of 5 cents at $10.70, with 2,000 shares. Pulse Investments finished 20 cents higher at $2.10, with 27,500 shares, Radio Jamaica settled at $1.10, with 40,084 shares, Sagicor Group ended trading $1 higher at $36, with 5,060 stock units, Scotia Group finished trading at $50.50, with 16,044 shares. Supreme Ventures concluded trading with a loss of 30 cents at $11.70, with 2,000 stock units, VM Investments finished with a loss of 5 cents at $4.10, with 489,507 units, Wisynco Group settled with a loss of 27 cents at $9.75, with 1,107,314 shares and Sagicor Real Estate Fund ended trading 25 cents higher at $14.25, with 916,934 shares.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Main market stocks bounce on Monday.”

Trinidad stocks showing stronger tone

Market activity ended with all market three indices rising at the close of trading on the Trinidad & Tobago Stock Exchange on Monday.
The Composite Index gained 1.67 points on Monday to 1,276.62, the All T&T Index rose 1.66 points to 1,712.27, while the Cross Listed Index inched higher by 0.23 points higher to 113.48.
At the close, 16 securities traded against 14 on Friday, with the prices of 3 advancing, 2 declining and 11 remaining unchanged.
Market activity ended with 140,320 shares with a value of $1,978,596 traded, down from 388,079 shares with a value of $6,005,924 units on Friday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 5 with lower offers.
Gains| JMMB Group closed with an increase of 5 cents and ended with $1.80, with 10,000 stock units, Massy closed with a rise of 44 cents and finished with $47.94, with 1,916 stock units changing hands and Republic Financial Holdings rose 8 cents and ended at $101.58, with 907 stock units.
Losses| Angostura Holdings shed S1.27 and ended with $15, with 52,920 stock units and Scotiabank lost 50 cents and finished with 1,179 shares trading at $60.50.
Firm Traded| Clico Investments ended at $21, with 3,550 units, First Citizens finished at $32, trading 125 shares, Guardian Holdings finished with $17, trading 4,680 shares, National Flour ended at $1.99, trading 2,500 shares, NCB Financial Group finished at $6.75, trading 2,445 shares. One Caribbean closed at $13.06, with 1,000 stock units, Sagicor Financial finished at $8, with 46,848 units changing hands, Trinidad & Tobago NGL concluded trading at $26.50, with 7,015 units changing hands, Trinidad Cement ended with $3.75, trading 1,210 shares, Unilever Caribbean finished trading 3,925 shares at $28 and West Indian Tobacco closed at $90, with 100 stock units changing hands.

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

NCB offer for Guardian extended

NCB Financial Group extended the closing date for its offer to buy up to 62 percent of the Trinidadian based, Guardian Holdings’ shares to February 2 instead of the original date of January 12.
According to a release by NCB “while the majority of the terms and conditions of the Offer have been satisfied or otherwise waived and the Offeror has received the sign-off from most of the relevant regulatory authorities in respect of the proposed acquisition, the Offeror has applied for and is awaiting certain other regulatory approvals required to be obtained by it before it may take-up and pay for any tendered Offer Shares. Such regulatory approvals are required as a result of the Offeror and GHL, along with several of GHL’s subsidiaries, being regulated in Trinidad and Tobago and elsewhere in the region. Given the foregoing, the Offeror has elected to extend the Closing Date to the 2nd day of February.”
In May 2016 an interest in 69,547,241 GHL Shares were acquired by NCBFG at US$3.24 per share. At the time of the acquisition, NCBFG entered into a shareholders agreement with Arthur Lok Jack and Imtiaz Ahamad and several of their affiliate entities. The shareholders’ agreement included a lock-up provision in relation to both NCBFG’s and the Key Shareholders’ GHL Shares by which the parties agreed to limit their rights to dispose of any GHL Shares until the expiry of three years from May 12, 2016. The agreement required NCBFG to make a take-over bid within three years to gain a minimum of 62% of the outstanding GHL shares and that the Key Shareholders agreed to tender all their GHL Shares (approximately 21.84 percent of the GHL shares) pursuant to such take-over bid. The price of the take-over bid would be, an offer up to May 12, 2017, a minimum price of TT$17, or an offer after May 2017 but up to May 2018, at TT$18 and TTS19 if made after May 2018 to May, 2019.
In November 2017, the shareholders agreement was amended to provide that should the offer be made by February 12, 2018, the price of the offer would be US$2.35 per share instead of TT$18 for an offer made up to May 12, 2018.

VM Investments & Wisynco in demand but

NCB Capital Markets Manager, Stanley Thompson (left) exchanges laughs with Wisynco Group Chairman William Mahfood.

Victoria Mutual Investments and Wisynco Group may not have traded shares in the millions on Jamaica Stock Exchange on Friday but demand placed them at number 2 and 3 in volume traded. 
Demand was such on Friday that they were the second and third highest volume traded in the market accounting for just 977,000 units versus 3.57 million on Thursday.
Market activity ended with 23 securities changing hands, of which 5 advanced, 13 declined, 5 traded firm leading to 3,151,082 units for an average of $55,743,394 changing hands.
At the close of trading, the JSE All Jamaican Composite Index dived 2,332.02 points to 312,808.10 and the JSE Index dropped by 2,124.73 points to 285,003.54.
In main market activity,  Berger Paints closed $1 higher at $18, with 2,410 shares, Barita Investments ended with a loss of 16 cents at $8.50, with 18,715 stock units, Cable & Wireless concluded trading at $1.30, with 210,965 units, Carreras finished with a loss of 5 cents at $11.30, with 160,130 shares, Grace Kennedy traded 36 cents higher at $43.36, with 43,901 stock units. Jamaica Broilers finished trading with a loss of 50 cents at $17.50, with 17,659 units, Jamaica Producers closed with a loss of 20 cents at $16.50, with 6,639 shares, Jamaica Stock Exchange ended at $6.95, with 41,887 shares, JMMB Group concluded trading with a loss of 52 cents at $23.80, with 1,142,852 shares changing hands. Kingston Wharves settled with a loss of $1.85 at $31.15, with 1,271 units, Mayberry Investments ended trading with a loss of 35 cents at $7, with 46,000 shares, NCB Financial Group traded with a loss of 48 cents at $99.02, with 44,706 shares, 1834 Investments finished trading at $1.27, with 620 shares. PanJam Investment ended with a loss of 52 cents at $40.50, with 20,001 units, Pulse Investments finished with a loss of 10 cents at $1.90, with 24,330 shares, Radio Jamaica settled 2 cents higher at $1.10, with 50,600 shares, Sagicor Group ended trading with a loss of 40 cents at $35, with 108,464 stock units. Sagicor Real Estate Fund ended trading at $14, with 4,418 shares, Scotia Group finished trading with a loss of 91 cents at $50.50, with 60,457 shares, Seprod closed with a loss of 95 cents at $29, with 100,120 shares, Supreme Ventures concluded trading at $12, with 67,497 stock units, VM Investments Limited finished 15 cents higher at $4.15, with 403,301 units, Wisynco Group settled 2 cents higher at $10.02, with 574,139 shares.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Main market drops sharply again – Friday.”

7 stocks rose 1 fell on TTSE – Friday

Angostura Holdings traded at a 52 weeks’ high on the TTSE on Friday.

Market activity ended with 14 securities traded on the Trinidad & Tobago Stock Exchange on Friday against 12 on Thursday, with the price of 7 advancing, 1 declining and 6 remaining unchanged.
At the close, the Composite Index gained 3.30 points on Friday to 1,274.95, the All T&T Index rose 6.48 points to 1,710.61, while the Cross Listed Index inched 0.01 points higher to 113.25.
Market activity ended with 388,079 shares with a value of $6,005,924 traded, up from just 83,851 shares having a value of $1,957,446 units on Thursday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 5 with lower offers.
Gains| Angostura Holdings jumped $1.27 and ended at $16.27, for a 52 weeks’ high, with 41,530 stock units valued at $658,210 trading, Guardian Holdings gained 60 cents and finished at $17, trading 194,259 shares valued at $3,294,552, National Enterprises finished trading with a gain 1 cent and concluded at $9.79, with 2,790 units, National Flour closed with an increase of 8 cents and ended with $1.99, trading 73,529 shares, Scotiabank closed with a rise of 99 cents and finished at $61, with 2,418 stock units. Trinidad & Tobago NGL rose 50 cents to end at $26.50, with 44,283 units, with a value of $1,165,984 and West Indian Tobacco ended trading with an increase of 1 cent to close at $90, with 1,603 stock units changing hands.
Losses| Massy lost 44 cents and closed at a 52 weeks’ low of $47.50, with 1,000 stock units trading.
Firm Traded| Clico Investments ended at $21, with 12,990 units First Caribbean International Bank ended with $9.30, trading 1,000 shares, JMMB Group ended at $1.75, with 22 stock units, NCB Financial Group traded 1,655 units at $6.75, Sagicor Financial finished at $8, with 10,000 units and Trinidad Cement ended with $3.75, trading 1,000 shares trading.

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

Investors still love VM Investments & Wisynco

Wisynco traded 2.47m shares on Thursday

Investors’ appetite for the recently listed Victoria Mutual Investments and Wisynco Group continue to be strong on Thursday in trading on Jamaica Stock Exchange with the volume traded rising to 3.57 million units changing hands versus 3.14 million on Wednesday, with the two dominating with the highest volume in the market.
At the close of trading, the JSE All Jamaican Composite Index declined by 2,332.02 points to 312,808.10 and the JSE Index declined by 2,124.73 points to 285,003.54.
Market activity ended with 26 securities changing hands, of which 8 advanced, 10 declined, 8 traded firm as 5,110,001 units traded with a value of $69,365,564.
In the main market activity, Berger Paints closed with a loss of 80 cents at $17, with 13,100 shares, Cable & Wireless concluded trading with a loss of 5 cents at $1.30, with 78,379 units, Carreras finished 5 cents higher at $11.35, with 80,668 shares, Caribbean Cement settled with a loss of $1.95 at $32.05, with 34,189 shares, Ciboney Group ended trading with a loss of 2 cents at 35 cents, with 500 shares. Grace Kennedy traded at $43, with 50,273 stock units, Jamaica Broilers finished trading 10 cents higher at $18, with 48,273 units, Jamaica Producers closed 10 cents higher at $16.70, with 7,844 shares, Jamaica Stock Exchange ended with a loss of 5 cents at $6.95, with 18,113 shares. JMMB Group concluded trading with a loss of 68 cents at $24.32, with 71,524 shares, Mayberry Investments ended trading 15 cents higher at $7.35, with 2,000 shares, NCB Financial Group traded with a loss of 13 cents at $99.50, with 27,857 shares, 1834 Investments finished trading with a loss of 1 cent at $1.27, with 3,800 shares. PanJam Investment ended 2 cents higher at $41.02, with 7,500 units, Pulse Investments finished at $2, with 37,000 shares, Sagicor Group ended trading with a loss of 60 cents at $35.40, with 662,632 stock units, Salada Foods traded at $11, with 232 units. Scotia Group finished trading at $51.41, with 34,171 shares, Seprod closed at $29.95, with 27,900 shares, Supreme Ventures concluded trading 1 cent higher at $12, with 278,963 stock units, VM Investments Limited finished 9 cents higher at $4, with 1,099,190 units. Wisynco Group settled at $10, with 2,467,837 shares and Sagicor Real Estate Fund ended trading with a loss of 60 cents at $14, with 42,856 shares. In the main market preference segment, Jamaica Money Market Brokers 7.5% closed at $1.80, with 15,000 stock units, Proven Investments 8.25% settled at $5.90, with 100 units.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “10 JSE stocks fall 9 rise – Thursday.”

VM Investments & Wisynco dominate again

VM Investments volume falls, still number 2.

Investors’ appetite for the recently listed Victoria Mutual Investments and Wisynco Group fell on Wednesday in trading on Jamaica Stock Exchange with the prices declining by the close, but the stocks still dominated trading with the highest volume in the market.
At the close of trading, the JSE All Jamaican Composite Index advanced 760.62 points to 315,140.12 and the JSE Index climbed 693.01 points to 287,128.27 in spite of a negative advance decline ratio.
Market activity ended with 25 securities changing hands, of which 5 advanced, 18 declined, 4 traded firm. A total of 4,274,854 units valued at $51,868,008 traded on Wednesday.
In the main market activity, Barita Investments ended 7 cents higher at $8.66, with 4,351 stock units, Berger Paints closed with a loss of 20 cents at $17.80, with 415 shares, Cable & Wireless concluded trading 4 cents higher at $1.35, with 247,619 units, Carreras finished at $11.30, with 139,489 shares, Caribbean Cement settled with a loss of 1 cent at $34, with 13,524 shares. Grace Kennedy traded with a loss of 50 cents at $43, with 20,083 units, Jamaica Broilers finished trading with a loss of 10 cents at $17.90, with 5,148 shares, Jamaica Producers closed with a loss of 10 cents at $16.60, with 3,030 shares, Jamaica Stock Exchange ended at $7, with 161,816 stock units. JMMB Group concluded trading at $25, with 19,159 units, Kingston Wharves settled with a loss of 99 cents at $33, with 21,185 shares, Mayberry Investments ended trading with a loss of 20 cents at $7.20, with 31,959 stock units, NCB Financial Group traded with a loss of 17 cents at $99.63, with 90,780 units. 1834 Investments finished trading with a loss of 13 cents at $1.28, with 800 shares, Student Living concluded trading with a loss of 8 cents at $6, with 1,000 units. PanJam Investment ended with a loss of 50 cents at $41, with 73,255 stock units, Portland JSX concluded trading with a loss of 25 cents at $10.75, with 2,000 units, Pulse Investments finished with a loss of 20 cents at $2, with 53,218 shares. Radio Jamaica settled with a loss of 2 cents at $1.08, with 42,122 shares, Sagicor Group ended trading 51 cents higher at $36, with 81,110 stock units, Scotia Group finished trading $1.31 higher at $51.41, with 55,140 shares, Seprod concluded trading with a loss of 5 cents at $29.95, with 3,590 units. Supreme Ventures settled with a loss of 1 cent at $11.99, with 48,975 shares, VM Investments Limited ended trading with a loss of 7 cents at $3.91, with 704,278 stock units, Wisynco Group traded with a loss of 20 cents at $10, with 2,440,080 units and Sagicor Real Estate Fund finished trading 10 cents higher at $14.60, with 10,628 shares. In the main market preference segment, 138 Student Living variable rate shares finished at $5.68, with 100 shares trading.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “20 JSE stocks fell 5 rise – Wednesday.”

VM Invest & Wisynco still dominant – Tuesday

Victoria Mutual Investments and Wisynco Group that listed in late December on Jamaica Stock Exchange main market, continue to dominate trading with the highest volume, accounting for 7 million of the 9.4 million units traded on Tuesday up from 5.1 traded on Monday out of 7.4 million units.
Market activity ended with 25 securities changing hands, of which 11 advanced, 5 declined, 9 traded firm and Mayberry Investments trading at a 52 weeks’ high. A total of 9,412,814 units valued at $83,130,402 traded on Tuesday.
At the close of trading the JSE All Jamaican Composite Index slipped by 75.69 points to 314,379.50 and the JSE Index fell 68.97 points to close at 286,435.26.
In the main market activity, Barita Investments ended at $8.59, with 600 stock units, Berger Paints closed 20 cents higher at $18, with 51,279 shares, Cable & Wireless concluded trading at $1.31, with 285,660 units, Carreras finished with a loss of 13 cents at $11.30, with 39,486 shares, Caribbean Cement closed $1.38 higher at $35, with 14,545 shares trading. Grace Kennedy traded 50 cents higher at $43.50, with 42,979 units, Jamaica Broilers finished trading at $18, with 18,482 shares, Jamaica Producers closed 20 cents higher at $16.70, with 9,000 shares, Jamaica Stock Exchange ended at $7, with 27,000 stock units. JMMB Group concluded trading 65 cents higher at $25, with 294,549 units, Kingston Wharves settled 99 cents higher at $33.99, with 3,344 shares, Mayberry Investments ended trading 61 cents higher at $7.40, with 40,003 stock units, NCB Financial Group traded 80 cents higher at $99.80, with 48,329 units. PanJam Investment climbed $1.50 to $41.50, with 13,715 stock units, Pulse Investments finished 10 cents higher at $2.20, with 14,722 shares, Radio Jamaica settled at $1.10, with 27,986 shares traded, Sagicor Group ended trading 84 cents higher at $35.49, with 59,960 stock units. Scotia Group finished trading with a loss of $2.90 at $50.10, with 40,490 shares, Seprod closed at $30, with 157 shares, Supreme Ventures concluded trading at $12, with 127,053 units, VM Investments  finished with a loss of 2 cents at $3.98, with 2,053,519 shares. Wisynco Group settled with a loss of 19 cents at $10.20, with 4,981,783 shares and Sagicor Real Estate Fund ended trading at $14.50, with 19,661 stock units.
In the main market preference segment, Jamaica Money Market 7.5% traded with a loss of 20 cents at $1.80, with 35,000 units, JMMB Group 7.5% closed at $1.16, with 1,163,512 shares.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Advancing stocks 2 to 1 over decliners – Tuesday.”