In Thursday’s trading on the Trinidad Stock Exchange, Scotiabank finally, gave up a fair amount of the past gain in stock price that was no longer merited, based on the fall in second quarter results, dropping $1.65 to close at $66.72 for a new 52 weeks low. The stock has been setting, to suffer a sharp fall, for three weeks but small volumes, resulted in the price inching down each day that it traded.
Elsewhere in trading 16 securities changed hands of which 3 advanced, 7 declined and 6 traded firm with 280,074 stocks changing hands, with a value of $4,257,707. The Composite Index lost 3.93 points to close at 1,160.81, the All T&T Index fell by 6.47 points, to close at 2,005.91 and the Cross Listed Index fell by a mere 0.18 points to end at 41.33.
Gains| Stocks increasing in price at the close, are Ansa Merchant Bank with 1,237 shares closing up 1 cents at $39.11, a new 52 weeks high. Clico Investment Fund traded 8,244 units, valued at $178,895, advanced by 2 cents to end at $21.70, Point Lisas Industrial Port Development gained 5 cents, to end at $4.20, a new 52 weeks high, while trading 13,400 shares with a value of $194,772.
Declines| The stocks declining at the end of trading are First Citizens Bank traded 350 units at $36.66, to decline by 34 cents, Jamaica Money Market Brokers with 20,571 shares, the price lost 4 cents to end at 41 cents, followed by Massy Group with 4,196 units at $69 after losing 40 cents, National Flour Mills traded 1,000 shares to close at $1 for a loss of a cent, Sagicor Financial Corporation contributed 29,245 shares as it lost a cent, to end at $6.66, Scotiabank with a volume of 40,719 shares traded for $2,717,546, closed down $1.65 at $66.72 and Trinidad Cement with 139,410 shares changing hands, for a value of $264,879, closed 3 cents lower at $1.90.
Firm Trades| Stocks closing with prices unchanged at the end of trading, are Angostura Holdings with 500 shares at $12.75, Grace Kennedy exchanged 6,000 shares to close at $3.45, Guardian Holdings with 10,202 shares valued at $145,889 to end at $14.30, National Commercial Bank contributed just 2,000 shares as the price closed at $1.05, National Enterprises traded 450 units to close at $18 and West Indian Tobacco with 2,550 shares at $118.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than the last selling price and 1 stock with the offer that was lower.
Scotia finally drops, down $1.65 on TTSE
Main market slips to close week
In Thursday’s trading on the Jamaica Stock Exchange the prices of 7 stocks rose and 9 declined as 28 securities changed hands, resulting in 2,930,479 shares trading valued at $16,326,411, ahead of the emancipation holiday on Friday.
Main Market| The JSE Market Index declined by 321.93 points to 71,308.03 and the JSE All Jamaican Composite index fell 359.97 points to close at 78,443.53.
Gains| Stocks with gains, volume and last traded prices, at the end of trading in the main market, are
Berger Paints with 7,338 shares to close with a gain of 4 cents at $1.66, Caribbean Cement with 2,500 units changing hands with a gain of 20 cents to end at $2.60, Carreras 14,184 shares with a gain of 49 cents to $34.20, Proven Investments 350 US dollar ordinary shares, gained 2 US cents to 18 US cents, Sagicor Group with 14,500 units, to close with a gain of 5 cents, at $9.20 and Sagicor Real Estate Fund with only 100 units, the price moved up 5 cents to $6.65.
Firm| The stocks with volume and last traded prices in the main market to close without a change in price, are Cable & Wireless with 1,927 shares at 30 cents, Grace Kennedy 1,745 shares at $56.50, Hardware & Lumber 4,550 shares at $9, Mayberry Investments 1,020 units at $1.55, Scotia Investments 7,000 units at $21 and Seprod 10,048 shares at $10.50.
Declines| The stocks with losses, volume and last traded prices, at the end of trading in the main market, are Ciboney with 40,000 shares, declining by 1 cent to 8 cents, Desnoes & Geddes 2,165 shares, down 53 cents to $4.02, Jamaica Broilers 38,680 units to close 6 cents lower at $4.57, Jamaica Money Market Brokers with 46,233 ordinary shares, declined by 9 cents to $6.96, Kingston Wharves 91,000 shares, the price declined by 25 cents to $5, National Commercial Bank with 503,434 shares, declined by 3 cents to $18.90, Pan Jamaican Investment 280 shares, with the price slipping a cent to $48.02 and Scotia Group with 8,906 shares, eased down by a cents to $19.
Preference| Jamaica Money Market Brokers 8.75% preference share, traded 251,125 units at $3, Jamaica Money Market Brokers 7.50% preference share with 1,109,863 units at $2 and Proven Investments 8% preference share with 9,700 units at $5.05.
Junior Market| The JSE Junior Market Index rose by 0.16 points to close at 610.04 as 5 stocks traded with one advancing and one declining.
Gains| Lasco Distributors is the only junior market stock gaining at the end of trading, as 500 shares traded to close 1 cents higher at $1.01
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are, Caribbean Producers 458,858 shares at $2.45, Honey Bun with 13,942 shares at $2.30 and Lasco Financial 3,340 units, to close at 90 cents.
Declines| General Accident with 287,191 shares, was the only stock declining in the junior market at the end of trading, as the price slipped by a cent to $1.36
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 13 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
JSE Market stronger than fall in indices suggest
In Wednesday’s trading on the Jamaica Stock Exchange, the prices of 8 stocks rose and 5 declined as 24 securities changed hands, resulting in 4,501,713 shares trading, valued at $25,395,300.
Main Market| The JSE Market Index fell by 318.39 points to 71,629.96 and the JSE All Jamaican Composite index lost 356.02 points to close at 78,803.50.
Gains| Stocks with gains, volume and last traded prices at the end of trading in the main market, are Desnoes & Geddes trading of 1,000 shares to gain 55 cents to $4.55, Jamaica Broilers with 623,700 units changing hands to close with a 2 cents gain at $4.63, Jamaica Money Market Brokers with 33,753 shares gained 10 cents to $7.05, Pan Jamaican Investment gained 2 cents, to close with 68,600 shares at $48.03, Sagicor Group with 4,800 shares ended with an increase of 4 cents at $9.15 and Scotia Group 70,458 units enjoyed a 1 cent gain to $19.01.
Firm| The stocks with volume and last traded prices in the main market to close without a change in price, are Gleaner with 2,020 shares at $1.12, Grace Kennedy 9,624 units at $56.50, Hardware & Lumber 10,000 shares a $9, Jamaica Producers 30,714 shares at $17.50, Radio Jamaica with 5,592 units at $1.22, Scotia Investments 12,600 shares to close at $21, Seprod with 2,215 shares, ended at $10.50 and Supreme Ventures with 25,602units closed at $1.95.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 2,035,823 units at $3.
Declines| The stocks with losses, volume and last traded prices at the end of trading in the main market, are Carreras with 143,726 shares to close with a decline of 29 cents at $33.71, National Commercial Bank with 183,680 shares and closed with a decline 7 cents to $18.93 and Proven Investments ordinary share traded 15,609 units with the price dropping by 2 US cent 16 US cents.
Junior Market| The JSE Junior Market Index declined by 1.00 point to close at 609.88 as 6 stocks traded, with 2 advancing and 2 declining.
Gains| Stocks recording gains at the end of trading in the junior market, are KLE Group 14,460 shares to gain 5 cents at $1 and Lasco Distributors exchanging 815,867 shares as the price recovered 4 cents from the decline on Tuesday, to end at $1.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are General Accident with 64,246 units and closed at $1.37 and Jamaican Teas with 39,636 shares closed at $3.25.
Declines| Stocks declining in the junior market at the end of trading, are Lasco Financial with 9,400 shares and declined 10 cents to 90 cents and Lasco Manufacturing with 278,588 shares, closed with a decline of 5 cents to reach a new 52 weeks low of 80 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 12 stocks with bids higher than their last selling prices and 7 stocks with offers that were lower.
First Citizens Jump $1.48 on TTSE
First Citizens Jumped $1.48 in trading on the on the Trinidad Stock Exchange on Wednesday the day after the market was closed for trading. Overall market activity was moderate, with only 10 securities changing hands, of which 3 advanced, 3 declined and 4 traded firm with 168,713 stocks changing hands, with a value of $1,888,988. 
The Composite Index rose 2.65 points to close at 1,164.74, the All T&T Index gained 5.99 points to close at 2,012.38 and the Cross Listed Index fell by a mere 0.09 points to end at 41.51.
Gains| Stocks increasing in price at the close, are Clico Investment Fund with 20,421 units valued at $442,143, the price gained 3 cents to $21.68, First Citizens Bank traded 18,790 shares valued at $688,926, and the price jumped $1.48 to end the day at $37 and Prestige Holding gained a cent to close at $9.41 with 14,000 shares changing hands.
Declines| The stocks declining at the end of trading are Massy Group with 801 units traded to close down a cent at $69.40, Sagicor Financial Corporation traded 400 units to close at $6.67, down 1 cent and Scotia Investments contributed 29,757 shares with a value of $41,719.80, while declining by 10 cents to close at $1.40.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings with a volume of 29,900 shares for $381,225 to close at $12.75, Guardian Holdings traded 3,672 shares at $14.30, National Commercial Bank with 50,639 shares changing hands for a value of $53,171, closed at $1.05 and West Indian Tobacco traded 333 shares to close at $118.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.
Junior Market stocks hit pretty hard
Junior Market stocks hit pretty hard with the Lasco companies being some of the main stocks to fall. The junior market index in closing with a fall at the end of trading today was back to last year April 17 level. On July 6 last year, the index peaked at 840.18 for 27 percent decline.
In Tuesday’s trading the prices of 6 stocks rose and 10 declined as 25 securities changed hands, resulting in 13,677,017 shares trading, valued at $33,776,828.
Main Market| The JSE Market Index inched up by 38.79 points to 71,948.35 and the JSE All Jamaican Composite index gained 43.37 points to close at 79,159.52.
Gains| Stocks trading with gains, the volume and last traded prices in the main market, are Grace Kennedy 7,300 shares and gained $1.50 to close at $56.50, Kingston Wharves with 5,525 units, gained 25 cents to $5.25, Sagicor Group 520,305 units changing hands, gained 15 cents to $9.11 and Sagicor Real Estate Fund traded 44,000 units to gain 24 cents to $6.60.
Firm| The stocks with volume and last traded prices in the main market to close without a change in price, are Cable & Wireless with 1,288,478 shares in closing at 30 cents, Desnoes & Geddes with 42,180 units closed at $4, Margaritaville traded 1,700 shares at 11 US cents, Mayberry Investments 24,716 units at $1.55, National Commercial Bank with 69,861 shares closed at $19, Proven Investments 1,560 ordinary shares at 18 US cents, Radio Jamaica 1,400 shares closed at $1.22 and Seprod 4,000 shares at $10.50.
Preference| There was no trading in the preference section.
Declines| The stocks with losses, volume and last traded prices at the end of trading in the main market, are Caribbean Cement with 5,000 shares while losing 10 cents to end at $2.40, Carreras 12,000 shares down 90 cents, to end at $34, Jamaica Money Market Brokers 14,388 ordinary share with a 5 cents fall to $6.95, Jamaica Producers 8,575 shares shed a cent at $17.50, Pan Jamaican Investment with 89,299 shares, lost 9 cents at $48.01 and Scotia Group 560,000 units closed at $19, with a fall of $1.01.
Junior Market| The JSE Junior Market Index declined by 21.13 points to close at 610.88 as 7 stocks traded with 3 advancing and 4 declining.
Gains| Stocks recording gains at the end of trading in the junior market, are Lasco Financial with 758,010 units with an 8 cents rise to $1 and Paramount Trading 8,939 units at $2.70, after rising by 2 cents.
Firm Trades| Jamaican Teas with 27,800 shares closed at $3.25 and was the only stock in the junior market that traded at the same price as the day before.
Declines| Stocks declining in the junior market at the end of trading, are Caribbean Cream 551,940 units at 61 cents down 9 cents to a new 52 weeks and all-time low, followed by General Accident with 219,176 units as the price slipped 9 cents to $1.37, Lasco Distributors had a large volume of 6,933,333 shares and lost 14 cents to 96 cents a new 52 weeks low and Lasco Manufacturing with 2,477,532 shares also closed at a new 52 weeks low of 85 cents as the stock closed with a 5 cents loss.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 10 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
Quiet start to trading week
In Monday’s trading on the Jamaica Stock Exchange, the prices of 5 stocks rose and 4 declined as 24 securities changed hands resulting in a moderate volume of 1,236,101 shares trading, valued at only $6,501,176.
During the early hours of trading, more than 5 million shares of Scotia Group traded but 5 million units were cancelled, due to what the stock exchange said was an error on the buying brokers behalf resulting more stocks being traded than was the official order.
Main Market| The JSE Market Index rose by 197.76 points to 71,909.56 and the JSE All Jamaican Composite index moved up 221.14 points to close at 79,116.15.
Gains| Stocks recording gains, the volume traded and last traded prices, at the close in the main market, are Carreras with 4,113 shares to close with a gain of 90 cents at $34.90, Gleaner with 10,670 units changing hands, gained a cent to close at $1.12, National Commercial Bank 63,229 units with a gain of 94 cents to $19, Proven Investments 52,500 US dollar ordinary shares with an increase of 0.0100 US cents at 18 cents US and Scotia Group with 1,700 shares to end up a cent higher at $20.01.
Firm| The volume and last traded prices of stock trading in the main market to close without a change in price, are Berger Paints with 2,000 shares closing at $1.62, Cable & Wireless 152,455 units at 30 cents, Caribbean Cement with 3,000 shares changing hands at $2.50, Desnoes & Geddes with 645 units at $4, Kingston Wharves 34,221 shares at $5, Mayberry Investments 3,040 units at $1.55, Radio Jamaica 33,556 shares at $1.22, Sagicor Real Estate Fund 18,000 shares at $6.36, Scotia Investments 2,255 units at $21 and Supreme Ventures 17,400 shares at $1.95.
Declines| The only stock end of trading in the main market with a price decline is Sagicor Group with 247,000 shares, down 4 cents to end at $8.96.
Preference| Jamaica Money Market Brokers 8.75% preference share, traded 341,022 units at $3 and Proven Investments 8% preference share 3,500 units at $5.05.
Junior Market| The JSE Junior Market Index increased 4.73 points to close at 632.01 as 6 stocks traded with none advancing and 3 declining.
Gains| There were stocks recording gains in the junior market at the close.
Firm Trades| The active stocks in the junior market to close at the same price as the day before, are Caribbean Cream with 48,060 units at 70 cents, Caribbean Producers 65,000 shares at $2.45 and Consolidated Bakeries with 55,000 units at 80 cents.
Declines| Stocks declining in the junior market at the end of trading, are AMG Packaging that had 7,145 units trading, with a 21 cents fall to $2.89, Caribbean Flavours 3,400 shares closed with a 6 cents loss at $2.45 and Lasco Manufacturing with 67,190 units as the price fell 10 cents to 90 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 14 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
5 stocks gained & 4 declined on TTSE
Trading on the Trinidad Stock Exchange on Monday was moderate, with 15 securities changing hands, of which 5 advanced, 4 declined and 6 traded firm, with 180,891 stocks changing hands, valued at $813,211.
The Composite Index lost 0.26 points to close at 1,162.09, the All T&T Index fell by just 0.19 points to close at 2,006.39 and the Cross Listed Index dipped by a mere 0.05 points to end at 41.60.
Gains| Stocks increasing in price at the close, are Ansa Merchant Bank with 1,508 units changing hands, to close a cent higher, at $39.10, a new 52 weeks high, Berger Paints traded 500 shares at $3.61 for a cent increase and a new 52 weeks high, First Citizens Bank contributed 373 shares as the price closed with a cent gain at $35.53, National Flour Mills with 134,468 shares changing hands for a value of $134,473 to close at $1.01, up by a cent and One Caribbean Media gained 2 cents to end the day at $23.30 while trading 2,588 shares.
Declines| The stocks declining at the end of trading are Guardian Holdings with 2,532 shares changing hands, and declined 5 cents to end at $14.30, National Commercial Bank contributed 4,000 shares at $1.05, down a cent, Scotia Investments with a volume of 16,913 shares traded for $25,379 with the price falling 5 cents to close at $1.50 and Trinidad Cement traded 1,800 units to close at $1.93 with a fall of 2 cents.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings with 800 shares to close at $12.75, Clico Investment Fund traded 10,215 shares valued at $221,164, remained at $21.65, while National Enterprises had 780 shares changing hands to close at $18, Massy Group added 2,958 shares valued at $205,315 and closed at $69.41, Sagicor Financial Corporation traded 1,324 units to close at $6.68 and West Indian Tobacco traded 132 shares to close at $118.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 1 stock with the bid higher than the last selling price and 1 stock with the offer that was lower.
$100m of Scotia Group trade cancelled
In Mondays trading on the Jamaica Stock Exchange, MVL Stockbrokers purchased 5 million Scotia Group shares at $20 each, amounting to $100 million. Towards the end of the close in the market, the trades were no longer posted.
A check with the manager of the stock exchange Marlene Street Forrest, stated that “the matter of the trade was brought to my attention and on checking it was discovered that the broker incorrectly entered the order as 5 million units when it should have been 500,000 units. Based on the investigation done and the information gathered, all the selling brokers were contacted to get there approval about the cancellation. This is the norm is such cases, where cancellation is contemplated as such the trades were reversed”. Instructions were given to place orders for $5 million each of Carreras, National Commercial Bank and Scotia shares, Ed Mckie of head of MVL Stockbrokers informed IC Insider. The orders were on behalf of an institution not a pension fund, IC Insider was advised.
In early trading in the market today, there were three significant bids to buy 5 million units of each Carreras at $34, National Commercial Bank at $18 and Scotia at $20. Scotia trades were the only one executed, the other bids were withdrawn before any trade took place. At the end of trading none of the Scotia Shares were traded and the bid was removed. In all likelihood the bids for the smaller quantities will resurface shortly.
5m share orders for Carreras, NCB & Scotia Group
MVL Stockbrokers are in the market early Monday with three significant bids to buy Carreras at $34, National Commercial Bank at $18.12 and Scotia at $20.
The bids are for 5 million units of each of the stock. So far they bought all but 1,700 of the 2,618,405 Scotia Bank Shares at $20.
Information gleaned recently is that a pension fund was in the market for large blocks of shares and the bids of such size could be connected with the pension fund needs.
On Friday, Scotia Investment bought all the Scotia shares to tradefor parties connected with the brokerage house.
11 stocks rose as Market index jumps
Broker house, Scotia Investments was the only buyer of the 875,724 Scotia Group shares that change hands in Friday’s trading, on the Jamaica Stock Exchange. The prices of the stock rose, to close at $20, but traded as high as $20.99.
In the overall market, the prices of 11 stocks rose and 8 declined, as 26 securities changed hands, resulting in 5,240,852 shares trading, valued at $35,553,505.
Main Market| The main indices closed sharply higher in Friday’s trading as heavily weighted Scotia Group jumped to close higher by the end of trading. The JSE Market Index jumped by 1,598.01 points to 71,711.80 and the JSE All Jamaican Composite index climbed 1,786.85 points to close at 78,895.01.
Gains| Stocks with gains, volume and last traded prices, at the end of trading in the main market, are Cable & Wireless with 210,772 shares up 4 cents to 30 cents, Carreras 317,256 units, gaining 15 cents to $34, Jamaica Broilers 308 units, up 4 cents to $4.61, Jamaica Money Market Brokers with 10,000 ordinary shares, up by 5 cents to $7, National Commercial Bank that released results after trading on Thursday, closed up by 6 cents at $18.06 while trading 51,599 shares. The stock closed with the bid of $18.11 to buy 116,978 units. Pan Jamaican Investment with 1,313 stock units, gained 8 cents to $48.10, Sagicor Real Estate Fund traded 10,000 units and gained 1 cent to $6.36 and Scotia Group gained $1.30 to $20.
Firm| The stocks with volume and last traded prices in the main market to close without a price change, are Caribbean Cement with 1,600 shares at $2.50, Desnoes & Geddes 646 shares at $4, Jamaica Producers with 5,367 shares at $17.51, Sagicor Group 121,247 units at $9, Seprod 1,276 shares at $10.50 and Supreme Ventures 12,020 units at $1.95.
Declines| The stocks with losses, volume and last traded prices at the end of trading in the main market, are Gleaner with 10,300 shares, down a cent at $1.11, Grace Kennedy with 5,000 shares, lost $1.05 to end at $55, Hardware & Lumber 800 units, down 15 cents at $9, Mayberry Investments 4,080 units at $1.55, for a 1 cent fall.
Preference| Jamaica Public Service 5% C preference share traded 42,102 units and was up by a cent to $3.
Junior Market| The JSE Junior Market Index declined by 21.99 points to close at 627.28 as 7 stocks traded with 2 advancing and 4 declining.
Gains| Stocks recording gains at the end of trading in the junior market, with the closing prices, are Blue Power 5,320 shares and the price was up by 5 cents to $9.10 and Lasco Manufacturing with 3,091,640 shares the price gained 10 cents to $1 but it traded at a 52 weeks low of 85 cents before recovering by the end of trading.
Firm Trades| The stock in the junior market that traded to close at the same price as the day before is General Accident with 99,982 shares at $1.46.
Declines| Stocks declining in the junior market at the end of trading with the closing prices are, Caribbean Producers with 430,000 shares with a 5 cents loss to $2.45, Honey Bun with only 100 shares to fall by 60 cents to $2.30. This stock was poised to fall sharply after it released disappointing third quarter results and the offer gradually melted away, as bids were at very low levels. Lasco Distributors with 25,000 shares lost 9 cents to end at a new 52 weeks low of $1.10 and Lasco Financial with 7,400 units was down 8 cent to 92 cents, after the company posted a 20 percent increase in its first quarter results to June.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.