Jamaican stocks only winners on TTSE

JMMB Group 1 of 2 jamaican stocks to advance on the TTSE.

A mere 316,137 shares valued at $2,505,928 traded on the Trinidad & Tobago Stock Exchange on Tuesday, versus 1,141,204 shares valued at $11,232,310 on Monday.
The market closed with 13 securities changing hands compared to 14 on Monday with 2 stocks advancing, 5 declining and 6 holding firm.
The Composite Index declined 1.22 points to 1,220.80, the All T&T Index fell 0.12 points to 1,800.95 and the Cross Listed Index lost 0.32 points to close at 85.90.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 3 with lower offers.
Gains| GraceKennedy gained 6 cents to close at $2.76, with an exchange of 137,900 units valued at $380,604 and JMMB Group closed at $1.28, with gains of 3 cents while trading 21,000 shares.
Losses| First Citizens lost 1 cent to close at $31.99, with 300 units changing hands, National Flour Mills closed at $2.50, losing 2 cents trading 5,125 shares, NCB Financial Group closed 9 cents lower to $3.90, with an exchange of 60,000 shares, Readymix closed at $11, with a loss of 6 cents exchanging 1,437 units and Republic Financial Holdings lost 1 cent to close at $101.99, with 10 units traded.
Firm Trades| First Caribbean International closed at $8 with 4,088 units being exchanged, One Caribbean Media closed at $16.85, with trades of 37,113 shares valued at $625,354 and Scotiabank held firm at $58.06 trading 4,540 shares. Trinidad Cement closed at $4.20 with 6,100 units changing owners, Trinidad & Tobago NGL traded at $22.50, with an exchange of 38,417 units valued at $864,348 and West Indian Tobacco exchanged 107 units at $127.

NCB spawns big surge in JSE indices – Friday

NCB Financial jumped $3.75 on Friday to push marekt up sharply.

The Jamaica Stock Exchange had one of its biggest index movement in the main market on Friday as a big jump in the profit of NCB Financial Group pushed the stock sharply thus helping to spike the market.
At the closed on Friday 27 securities changed hands as 14 stocks advanced and 7 declined. There was no trading in the US dollar market
Trading levels in the main market ended at 6,987,999 units valued at $137,346,087 compared to 7,307,280 units valued at $263,394,539 at the close on Thursday.
The All Jamaica Composite Index jumped 7,046.25 points to close at 253,995.90 the JSE Market Index surged 6,419.93 points to finish at 231,419.04 and the JSE US dollar market index remained at 219 points.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 258,815 units valued at $5,086,892 per security that traded, compared to an average of 304,470 units valued at $10,974,772 on Thursday. The average volume for the month to date, ended at 382,748 units with an average value of $5,254,387 versus at 390,038 units with an average value of $5,264,239 on the prior trading day. The average volume and value for March ended at 549,909 units and $1,379,459.
In market activity, Berger Paints closed $2 higher to $16 trading 61,718 shares, Cable and Wireless closed at $1.31, with 65,000 shares changing hands, and Caribbean Cement traded $4 lower to $26 with trades of 36,720 units. Carreras gained $2.50 to close at $77.50 exchanging 2,221 shares, Grace Kennedy gained 10 cents to close at $44 trading 32,916 units, Jamaica Broilers closed at $16.50, gaining 1 cent with an exchange of 56,098 shares, Jamaica Producers closed $1.65 higher to $17.65 exchanging 60,114 shares and Jamaica Stock Exchange closed $1.37 higher to $8.40, with trades of 376,194 shares. JMMB Group closed at $22.88, gaining 38 cents trading 31,800 units, Kingston Properties closed at $16 Trading 500 units, Kingston Wharves closed at $30.75, with a loss of 25 cents exchanging 2,000 units, Mayberry Investments closed 15 cents lower to $4.60 with an exchange of 19,050 shares, NCB Financial Group traded at $67.50, gaining $3.75 with 138,083 shares changing hands, 1834 Investments gained 1 cent to close at $1.81, with an exchange of 3,000 shares, PanJam Investment closed 85 cents higher to $35 with trades of 3,250 shares. Portland JSX lost 20 cents to close at $10 exchanging 11,500 shares, Pulse Investments closed at $8.05 with trades of 3,873 units, Radio Jamaica lost 2 cents to close at $1.68 exchanging 6,750 shares, Sagicor Group closed at $32.50, with a loss of $1.01 trading 15,000 shares, Sagicor Real Estate fund closed at $10.35 trading 8,689 units, Scotia Group closed at $42, gaining $1.50 with 2,685,790 units changing owners, Scotia Investments advanced $2.14 to close at $38.25 with an exchange of 34,747 shares, Sterling Investments traded at $17.01, losing 14 cents with 11,000 shares exchanged and Supreme Ventures closed at $6.38, with gains of 8 cents trading 68,278 shares. JMMB 7.5% preference share gained closed at $1.98 exchanging 2,900 units and JMMB Group 7.5% preference share closed at $1.10 with gains of 5 cents trading 3,200,000 units.

 

NCB buy rated for growth

NCB Financial Group’s shares look likely to rise.

NCB Financial Group (NCBFG) reported net profit of $9.5 billion for the six months ended March 31, 2017, an increase of 58 percent over the prior year, with profit for the quarter to March, ended with a 63 percent increase to $5.9 billion, up from $3.59 billion in 2016.
Operating income amounted to $29.2 billion, an improvement of $3.8 billion or 15 percent over the similar period in 2016. The increase the Group said “was driven gains realised on investment activities increasing by $1.8 billion or 96 percent mainly due to improved investor confidence as a result of the improved macroeconomic fundamentals of Jamaica. Net fee & commission income increasing by $1.7 billion or 33 percent, primarily due to credit related fees from volume growth in loan product sales, point of sale and e-commerce commissions, coupled with corporate finance and unit trust fees.”
Loans the main driver of profits, increased by $34.6 billion or a strong 20 percent to $207.3 billion at the end of March over a year ago. The increase was driven by a 22 percent in Retail Banking and 17 percent increase in Corporate Banking portfolio, Patrick Hylton, the Managing director, advised investors in a report accompanying the results.
Operating profit rose about the similar period in 2016 by 150 percent for Retail & SME divisio0n, 16 percent for payment services, 77 percent for Corporate Banking. Treasury and Correspondent Banking enjoyed a 46 percent rise, Wealth, Asset Investment Banking operating profit jumped 67 percent, Life Insurance and Pension Fund Management rose 50 percent general insurance grew 42 percent and other 45 percent
The Group approved an interim dividend of 60 cents per ordinary stock unit at its board of directors meeting on April 27. The dividend will result in a total payment of $1.48 billion. Earnings per share ended at 42.39 for the March quarter and $3.84 for the six months and seems on target to exceed IC Insider.com target of $8 for the full year to September.
In trading on the Jamaica Stock Exchange, the group’s stock traded at $63.75 and at TT$3.99 on the Trinidad Stock Market.

JSE main market slips on Thursday

JPS 9.5% preference sharejumped $23.50 to $1,300on Thursday.

Trading in the main market of the Jamaica Stock Exchange closed on Thursday with 24 securities changing hands with 1 trading in the US dollar market. At the close, 10 stocks advanced and 6 declined.
Trading levels in the main market ended at 7,307,280 units valued at $263,394,539 compared to 2,673,775 units valued at $51,217,614 at the close on Wednesday. Trading in the US dollar market accounted for 6,100 units valued at US$1,830.
The All Jamaica Composite Index declined 942.67 points to close at 246,949.65 the JSE Market Index fell 858.88 points to finish at 224,999.11 and the JSE US dollar market index remained at 219 points.
IC bid-offer Indicator| At the end of trading in the main and US dollar 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.
The main market ended trading with an average of 122,740 units valued at $10,974,772 per security that traded, compared to an average of 53,047 units valued at $2,048,705 on Wednesday. The average volume for the month to date ended at 382,330 units with an average value of $5,264,239 versus at 398,555 units with an average value of $4,907,331 on the prior trading day. The average volume and value for March ended at 549,909 units and $1,379,459.
In market activity, Barita Investments closed at $7 exchanging 22,700 shares, Berger Paints closed 48 cents higher at $14 trading 4,900 shares, after trading at an intraday high of $15.50, Cable and Wireless closed at $1.31, with 508,000 shares changing hands, Caribbean Cement traded 50 cents lower at $30 with trades of 5,600 units. Carreras closed at $75 exchanging 8,770 shares, the stock traded during the day at an intraday high of $77.50, Grace Kennedy gained 90 cents to close at $43.90 trading 4,692,199 units, Jamaica Broilers closed at $16.49, losing 41 cents with an exchange of 924,823 shares, Jamaica Producers closed 50 cents higher at $16, exchanging 87,300 shares, Jamaica Stock Exchange closed 97 cents lower at $7.03, with trades of 6,500 shares. JMMB Group closed at $22.50, gaining $2.28 trading 25,788 units, Kingston Wharves closed at $31, with gains of $1.60 exchanging 15,650 units, NCB Financial Group lost $1.25 to end at $63.75, with 93,122 shares changing hands, 1834 Investments gained 10 cents to close at $1.80, with an exchange of 41,856 shares, 138 Student Living closed at S4.49 with 40,000 shares changing hands, PanJam Investment closed 5 cents lower to $34.15 with trades of 30,466 shares. Pulse Investments gained 1 cent to close at $8.05 trading 5,000 units, Sagicor Group closed at $33.51, with gains of $1.51, trading 63,150 shares, Scotia Group closed at $40.50, losing 50 cents with 234,146 units changing owners, Seprod closed at $36 trading 2,900 shares, Sterling Investments closed at $17.15 with an exchange of 6,020 units, Supreme Ventures closed at $6.30 exchanging 700 shares. Proven Investments closed at 30 US cents with trades of 6,100 ordinary shares, JMMB 7.5% preference share gained 10 cents to close at $1.98 exchanging 11,000 units, Jamaica Public Service Company 9.5% preference share traded $23.50 higher at $1,300 with 14,000 units changing hands and JMMB Group 7.5% preference share closed at $1.05 trading 462,690 units.

$1.5B for NCB Group shareholders

NCBFG paying 60C in dividend in May.


NCB Financial Group approved an interim dividend of 60 cents per ordinary stock unit at its board of directors meeting on April 27. The dividend will result in a total payment of $1.48 billion.
The dividend is payable on May 29, 2017 to stockholders on record as at May 12, 2017. In 2016, NCB paid a dividend in December of 90 cents per share, that brought the full year payment to $2.40 for a pay-out of 38 percent of profit. In January this year, a dividend of 60 cent was paid to shareholders. On May 27, last year, an interim dividend of 50 cents per share was paid to the group’s shareholders. This year’s payments come against a 58 percent jump in profit over the prior year to March to $9.5 billion.
In trading on the Jamaica Stock Exchange, the group’s stock traded at $63.75 and at TT$3.99 on the Trinidad Stock Market.

14 stocks fell on Wednesday

Trading in the main market of the Jamaica Stock Exchange closed on Wednesday with 25 securities changing hands with 1 trading in the US dollar market. At the close, 7 stocks advanced and 14 declined.
Trading levels in the main market ended at 2,673,775 units valued at $51,217,614 compared to 5,505,950 units valued at $95,998,334 at the close on Tuesday. Trading in the US dollar market accounted for 168,860 units valued at US$50,658.
The All Jamaica Composite Index declined 1,021.50 points to close at 247,892.32 the JSE Market Index fell 930.70 points to finish at 225,857.99 and the JSE US dollar market index remained unchanged at 219 points.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 53,047 units valued at $2,048,705 per traded security compared to an average of 158,066 units valued at $4,173,841 on Tuesday. The average volume for the month to date ended at 398,555 units with an average value of $4,907,331 versus at 421,588 units with an average value of $5,097,906 on the prior trading day. The average volume and value for March ended at 549,909 units and $1,379,459.
In market activity, Barita Investments closed at $7 with a loss of 10 cents exchanging 100 shares, Berger Paints closed $1.48 lower to $13.52 trading 215,248 shares, Cable and Wireless closed at $1.31, after losing 4 cents with 19,178 shares changing hands, Caribbean Cement traded 50 cents lower to $30.50 with 233,626 units trading Carreras closed at $75, with a loss of 10 cents while exchanging 97,395 shares, Grace Kennedy gained $2 to close at $43 trading 27,300 units, Jamaica Broilers closed at $16.90, gaining 10 cents with an exchange of 1,023,770 shares, Jamaica Producers closed at $15.50 exchanging 3,187 shares, Jamaica Stock Exchange closed 40 cents lower at $8, with trades of 22,332 shares. JMMB Group closed at $20.22, after losing 9 cents trading 79,664 units, Kingston Wharves closed at $29.40, with a loss of $2.60 in exchanging 1,718 units, Mayberry Investments exchanged 11,000 shares at $4.75, NCB Financial Group traded at $65, with 65,310 shares changing hands, 1834 Investments lost 15 cents to close at $1.70, with an exchange of 124,196 shares, 138 Student Living traded 1 cent higher to close at S4.49 with 21,860 shares changing hands, PanJam Investment closed 80 cents lower to $34.20 with trades of 25,244 shares. Radio Jamaica gained 5 cents to close at $1.70 trading 76,000 shares, Sagicor Group closed at $32 exchanging 55,909 shares, Sagicor Real Estate Fund closed at $10.35, with gains of 5 cents trading 35,276 shares, Scotia Group closed at $41, gaining $1.88 with 121,490 units changing ownership, Scotia Investments traded $1.89 lower to close at $36.11 with an exchange of 4,420 shares, Seprod gained 1 cent to close at $36 trading 7,853 shares, Supreme Ventures closed at $6.30, losing 8 cents exchanging 62,444 shares. Proven Investments closed at 30 US cents with trades of 168,860 ordinary shares, and JMMB Group 7.25% preference share lost 20 cents to close at a 52 weeks’ low of $1.30 exchanging 40,000 units.

JSE falls sharply on Tuesday

Trading in the main market of the Jamaica Stock Exchange closed on Tuesday with 23 securities changing hands with 2 trading in the US dollar market. At the close, 8 stocks advanced and 9 declined.
Trading levels in main market ended at 5,505,950 units valued at $95,998,334 compared to 1,892,384 units valued at $17,691,277 at the close on Monday. Trading in the US dollar market accounted for 10,079 units valued at US$5,123.
The All Jamaica Composite Index dropped 2,960.08 points to close at 248,913.82 the JSE Market Index slid 2,696.97 points to finish at 226,788.69 and the JSE US dollar market index remained unchanged at 219 points.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 158,066 units valued at $680,434 per traded security compared to an average of 258,710 units carrying an average value of $3,912,692 on Monday. The average volume for the month to date ended at 440,411 units with an average value of $5,163,911 versus 454,388 units with an average value of $5,508,794 on the prior trading day. The average volume and value for March ended at 549,909 units and $1,379,459.
In market activity, Barita Investments closed at $7.10 with an exchange of 73,748 shares, Berger Paints closed at $15, gaining 1 cent in exchanging 75,342 shares, Cable and Wireless closed at $1.35, losing 1 cent with 1,116,376 shares changing hands, Caribbean Cement traded $1 higher to $31 with trades of 20,823 units. Carreras closed at $75.10, with a loss of 80 cents while 2,840 shares were swapped, Grace Kennedy tumbled to $41, losing $3 in trading 1,204,283 units, Jamaica Broilers closed at $16.80 with 8,414 shares changing owners, Jamaica Producers closed at $15.50 with an exchange of 68,731 shares, Jamaica Stock Exchange closed 40 cents higher to $8.40, with trades of 2,120,627 shares. JMMB Group closed at $20.31, while gaining 32 cents trading 119,977 units, Kingston Wharves closed at $32 exchanging 5,700 units, NCB Financial Group traded at $65, with 65,960 shares changing hands, 1834 Investments gained 20 cents to close at $1.85, with an exchange of 10,000 shares, 138 Student Living traded 2 cents higher to close at S4.48 with 2,050 shares changing hands, PanJam Investment closed 60 cents lower to $35 with trades of 10,169 shares. Pulse Investments closed at $8.04 with an exchange of 70,000 shares, Radio Jamaica lost 10 cents to close at $1.65 trading 48,055 shares, Sagicor Group closed at $32, losing $1 in exchanging 38,500 units, Sagicor Real Estate Fund closed at $10.30, with a loss of 20 cents trading 25,072 shares, Scotia Group closed with a loss of $1.88 at $39.12, with 255,649 units changing owners, Scotia Investments gained 92 cents to close at $38 with trades of 126,000 shares, Seprod lost 1 cent to close at $35.99 trading 5,420 shares, and Supreme Ventures closed at $6.38, gaining 3 cents exchanging 32,214 shares. Proven Investments closed at 30 US cents with trades of 8,330 ordinary shares and JMMB Group USD5.75% preference share closed at US$1.50 with trades of 1,749 units.

Market up 4 of 5 days to Monday

The main market of the Jamaica Stock Exchange continued its quiet move higher as the market closed on Monday with gains on 4 days out of 5. The market ended with 26 securities changing hands and 1 trading in the US dollar market. At the close, 12 stocks advanced and 8 declined and 3 stocks closed at 52 weeks’ high.
Trading levels in main market ended at 1,892,384 units valued at $17,691,277 compared to 2,910,852 units valued at $97,817,290 at the close on Friday. Trading in the US dollar market accounted for just 760 units valued at US$228.
The All Jamaica Composite Index gained 1,103.05 points to close at 251,873.90 the JSE Market Index advanced 1,005.00 points to finish at 229,485.66 and the JSE US dollar market index remained at 760 points at the close.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 9 stocks with bids higher than their last selling prices and 3 with lower offers.
The main market ended trading with an average of 184,556 units valued at $680,434 per security compared to an average of 116,434 units and $3,912,692 on Friday. The average trade for the month to date ended at 454,388 units and $5,163,911 versus an average of 454,388 units and $5,508,794 on the prior trading day. The average volume and value for March ended at 549,909 units and $1,379,459.
In market activity, Barita Investments closed at $7.10 with trades of 300 shares, Berger Paints closed at $14.99, with gains of $1.47 exchanging 1,230 shares, Cable and Wireless closed at $1.36, losing 4 cents with 1,031,203 shares changing hands, Caribbean Cement traded $2 lower at $30 with an exchange of 75,122 units. Carreras closed at a 52 weeks’ high of $75.90, with gains of 90 cents while exchanging 12,046 shares, Grace Kennedy closed at $44, with a loss of 50 cents trading 31,293 units, Jamaica Broilers closed at $16.80 with 19,196 shares changing owners, Jamaica Producers closed at $15.50 exchanging 2,602 shares, Jamaica Stock Exchange closed 50 cents lower at $8, trading 107,792 shares. JMMB Group closed 29 cents higher to $19.99 trading 54,400 units, Kingston Properties gained 50 cents to close at $16 exchanging 5,980 units, Kingston Wharves closed at $32, while rising 50 cents trading 13,221 units, NCB Financial Group traded at $65, with 37,342 shares changing hands, 1834 Investments gained 15 cents to close at $1.65, with an exchange of 40,389 shares, PanJam Investments closed 95 cents higher to $35.60 trading 5,345 shares. Pulse Investments lost 1 cent with 200,000 shares changing hands, to end at $8.04,Radio Jamaica was down 4 cents to close at $1.75 with trades of 5,300 shares, Sagicor Group closed at $33, losing 50 cents with an exchange of 39,945 shares, Sagicor Real Estate Fund rose 45 cents to close at $10.50, with 991 shares being swapped, Scotia Group closed at $41 exchanging 61,310 units, Seprod closed $1 higher to $36, trading 1,563 shares, Supreme Ventures closed at $6.35, losing 3 cents exchanging 57,364 shares. Proven Investments closed at 30 US cents with trades of 760 ordinary shares, Proven Investments 8.25% preference share gained 6 cents in trading 20,000 units at $5.17, JMMB 7.25% preference share traded 10 cents higher to close at a 52 weeks’ high of $2.51 with 25,000 units changing hands, and JMMB 7.50% preference share closed 8 cents higher to $1.88 with trades of 26,250 units.

 

Republic dominates TTSE

Republic Financial Holdings had the largest value of trading on Thursday on the TTSE.

Republic Financial Holdings led trading on the Trinidad & Tobago Stock Exchange on Thursday as overall trading fell to just 70,937 shares valued at $1,807,695 compared to Wednesday’s 583,316 units valued at $3,038,295.
Market activity resulted in 12 securities changing hands with 3 rising, 2 declining and 7 remaining unchanged compared to 14 securities trading on Wednesday.
The Composite Index rose 0.82 points to 1,231.59, the All T&T Index gained 0.18 points to 1,793.56 and the Cross Listed Index added 0.20 points to close at 89.87.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 8 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| Grace Kennedy gained 1 cent, closing at $2.70 with 25,667 units changing hands, Scotia Investments closed at a 52 weeks’ high of $2.70, with gains of 20 cents trading 13,045 shares and Trinidad & Tobago NGL advanced 60 cents to close at $22, with an exchange of a mere 70 units.
Losses| Guardian Holdings closed at $15, with a loss of 25 cents exchanging 4,754 shares, and Massy Holdings lost 3 cents to close at $51.45, with 38 shares changing owners.
Firm Trades| Agostini’s closed at $18.50 trading 5,995 units, Ansa Merchant Bank exchanged 1,000 shares at $40, First Citizens traded 200 shares at $32, National Enterprises closed at $10.01 with an exchange of 312 units. NCB Financial Group closed at $3.99 with trades of 5,000 shares, Republic Financial Holdings exchanged 13,356 shares at $101.90, valued at $1,360,982 and Scotiabank held firm at $58 with 1,500 shares changing hands.

60% of trading for Trinidad Cement

Trinidad Cement closed at a 52 weeks’ high on Friday.

Market activity on the Trinidad & Tobago Stock Exchange on Wednesday ended with the All T & T index falling while Trinidad Cement was the dominant trade with just over 60 percent of the value traded.
At the close 14 securities changed hands with 3 trading higher 4 declining and 7 trading unchanged compared to 13 trading on Tuesday. A total of 583,316 shares traded at a value of $3,038,295 compared to Tuesday’s 262,613 shares valued at $6,532,372.
The Composite Index declined 1.13 points to 1,230.77, the All T&T Index dropped by 6.54 points to 1,793.38 and the Cross Listed Index gained 0.59 points to close at 89.67.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 7 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| JMMB Group gained 1 cent to close at $1.31 exchanging 115,911 units, NCB Financial Group advanced 10 cents to $3.99 trading 2,480 shares and Trinidad Cement closed at $4.22, gaining 2 cents with an exchange of 440,340 units valued at $1,857,749.
Losses| Clico Investment lost 1 cent to close at $22.50 trading 7,444 shares, Massy Holdings was down 2 cents, closing at $51.48 with 3,000 shares changing owners, Grace Kennedy closed at $2.69, losing 1 cent exchanging 333 units and National Enterprises fell 59 cents to close at $10.01 with trades of 500 shares.
Firm Trades| Ansa McAL closed at $66.50 trading 1,571 units, Ansa Merchant Bank exchanged 1,000 shares at $40, National Flour Mills closed at $2.56 with an exchange of 431 units. Republic Financial Holdings exchanged 3,524 shares at $101.90 valued at $359,096, Sagicor Financial held firm at $9.10 trading 2,161 shares, Scotiabank was unchanged at $58 trading 1,851 shares and Trinidad & Tobago NGL remained at $21.40 exchanging 2,770 shares.