Trading on the Trinidad Stock Exchange closed Tuesday, on a negative tone, with 9 securities changing hands, of which 2 advanced, 5 declined and 2 traded firm. A total of 152,625 units changed hands, valued at $5,635,429.
At the close of the market, the Composite Index rose 0.03 points to end at 1,143.03, the All T&T Index fell 0.13 points to close at 1,972.00 and the Cross Listed Index increased by 0.03 points to end at 41.12.
Gains| Stocks increasing in price at the close are, First Citizens Bank contributing 12,650 shares with a value of $461,859, to gain 2 cents at $36.52 and Massy Holdings with 56,747 shares changing hands, for a value of $3,887,171, closing at $68.51, with a cent gain.
Declines| The stocks declining at the end of trading are, Clico Investment Fund, with 44,237 shares valued at $973,403 to close at $22, down a cent, National Enterprises added 11,396 shares valued at $200,798 and suffered a loss of 2 cents to close at $17.62, National Flour Mills with 3,000 shares closed at $1.31 with a decline of 4 cents, Sagicor Financial Corporation lost 1 cent, to end at $6.21 in trading 15,370 shares for $95,927 and Scotiabank with 75 shares changing hands, closed with a decline of 1 cent to end at $59.49, for a new 52 weeks’ low.
Firm Trades| Stocks closing with prices unchanged are, Angostura Holdings with 313 shares at $12.75 and Jamaica Money Market Brokers with 8,837 shares at 44 Cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had a slight negative bias, with 2 stocks having bids higher than their last selling prices and 5 stocks with offers that were lower.
TTSE closes with negative bias
Moderate gains for Jamaican stocks
Tuesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 4 stocks rising and 5 declining as 17 securities changed hands, culminating in 1,996,522 units trading, valued at $19,658,187, in all market segments.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator showed 6 stocks with bids higher than their last selling prices and 8 stocks with offers that were lower.
Main Market| The JSE Market Index garnered just 15.98 points after three straight days of losses to end at 71,310.04 and the JSE All Jamaican Composite index rose 17.87 points to close at 78,445.77.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Jamaica Money Market Brokers with 1,731 ordinary shares trading, 5 cents higher at $7 and Sagicor Group with 45,035 shares, the price gained 1 cent to $9.51.
Firm| The stocks in the main market to close with the last traded prices remaining unchanged are, Caribbean Cement with 62,230 units at $2.36, Grace Kennedy with 3,000 shares at $58, National Commercial Bank 323,483 shares to close at $17.85, Sagicor Real Estate Fund with 8,800 shares at $6.60 and Scotia Group 80,896 shares closing at $19.02 .
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras with 3,457 shares, lost 2 cents to end at $34.50, Hardware & Lumber with only 217 units at 40 cent down to $6.10, Jamaica Broilers 309,664 shares closed with a loss of 49 cents to end at 52 weeks low of $3.51 and Proven Investments with 498,890 shares traded with a loss of 0.99 cent to end at 17 US cents.
Preference| Jamaica Money Market Brokers 8.50% preference share traded 10,000 units at 7 cents higher at $3.43 Jamaica Money Market Brokers 8.75% preference share traded 20,000 at $3.02.
JSE down for the third day
Monday’s activity on the Jamaica Stock Exchange, resulted in the prices of 4 stocks rising and 9 declining as 20 securities changed hands, culminating in 2,797,280 units trading, valued at $8,903,664, In all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator showed 6 stocks with bids higher than their last selling prices and 8 stocks with offers that were lower.
Main Market| The JSE Market Index lost 411.15 points to 71,294.06 and the JSE All Jamaican Composite index fell 459.74 points to close at 78,427.90. Monday is the third consecutive day of declines for the market.
Gains| Only 2 stocks recorded gains with Cable & Wireless trading 516,153 with a 1 cent gain, to 30 cents and Pan Jamaican Investment with 5,000 shares changing hands was 1 cent higher at $49.01.
Firm| The stocks in the main market to close without a change in the last traded prices are, Hardware & Lumber with 200 shares, closed at $6.50, Jamaica Broilers 10,211 units closed at $4, Jamaica Producers with 4,959 shares at $15.50, Radio Jamaica traded 3,000 shares at $1.04, Scotia Group with 10,241 shares at $19.02 and Sagicor Group trading 29,804 units at $9.50.
Declines| The last traded prices of stocks with losses at the end of trading, in the main market are, Caribbean Cement with 72,884 shares, the price lost 4 cents to end at $2.36, Carreras traded just 33,415 units with an 8 cents loss to $34.52, Grace Kennedy with 4,929 shares, closed with a loss of $1 to $58, Jamaica Money Market Brokers with 39,000 ordinary shares trading, closed with a loss of 5 cents at $6.95, National Commercial Bank with 184,870 shares closed 9 cents higher at $17.85, Proven Investments had 1,110 changing hands with a loss of 0.01 cents at 17.99 US cents and Scotia Investments with 6,179 units lost 5 cents to $21.75.
Preference| Proven Investments 8% preference share traded 500 units at $5.
Low activity starts week on TTSE
Trading on the Trinidad Stock Exchange saw 8 securities changing hands of which, 3 advanced, 3 declined and 2 traded firm, with 93,942 units changing hands, valued at $888,302.
At the close of the market, the Composite Index lost 0.27 points to 1,143.00, the All T&T Index declined 0.36 points to close at 1,972.13 and the Cross Listed Index fell 0.03 points to end at 41.09.
Gains| Stocks increasing in price at the close are, Agostini’s that gained 9 cents, to end at $17.34 after trading 574 shares, while Clico Investment Fund with 5,513 shares valued at $121,287, gained a cent to $22.01 and Unilever Caribbean added 2,000 shares valued at $128,175, the price rose 4 cents to $64.09, for a new 52 weeks’ high.
Declines| The stocks declining at the end of trading are, National Enterprises, traded 200 shares at $17.64, after losing a cent, Sagicor Financial Corporation with 52,962 shares changing hands for a value of $328,918, closed 3 cents down, at $6.23 and Trinidad Cement suffered a 5 cents fall, to close at $2.14, while trading only 268 units.
Firm Trades| Stocks closing with prices unchanged, at the end of trading are, First Citizens Bank which contributed 7,425 shares with a value of $270,867, to close at $36.50 and National Commercial Bank with 25,000 shares traded at $1.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.
More JSE securities trade but less stocks
The number of securities trading Friday, on the Jamaica Stock Exchange, climbed to 22, up from 17 on Thursday and 13 on Wednesday. Price movements were confined to just 9 stocks, with the prices of 4 rising and 5 declining. A total of only 709,978 units traded, valued at $9,562,974, In all market segments.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator showed only 4 stocks with bids higher than their last selling prices and 8 with offers that were lower, which is a slight improvement over Thursday, with 5 to 10, but a continuing negative indicator for the markets, for the current time.
Main Market| The JSE Market Index fell 270.90 points to 71,705.21 and the JSE All Jamaican Composite index declined 302.92 points, to close at 78,887.64.
Gains| Stocks gaining with last traded prices, at the close of the main market are, Grace Kennedy with 109,905 shares, rising 80 cents to $59, National Commercial Bank 50,200 shares changing hands, gained 14 cents to $17.94 and Sagicor Real Estate Fund, closed 10 cents higher at $6.60, with 10,000 units.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless exchanging 20,000 units to close at 29 cents, Jamaica Broilers with only 2,000 shares, closed at $4, Jamaica Money Market Brokers having 29,193 ordinary shares trading to close at $7, Jamaica Producers ended with 9,751 units at $15.50, Mayberry Investments closed with 4,080 shares at $1.50, followed by Radio Jamaica, 11,000 units trading at $1.04 and Seprod having 2,080 shares at $10.90.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras in trading just 154 shares lost 3 cents to end at $34.60, Kingston Wharves closed with 38,664 units, after losing 50 cents to end at $5, Sagicor Group 72,000 units led to a 15 cents fall to $9.50 and Scotia Group 6,469 units closed 3 cents lower at $19.02.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 10,000 units at $3.02 and their 7.50% preference share contributed 301,000 units at $2.
Low market activity on JSE
Thursday is the second consecutive day, of painfully low participation and very low level of trading activity, on the Jamaica Stock Exchange. At the close of the market, the prices of 5 stocks rose and 7 declined, as 17 securities changed hands, culminating in only 554,449 units trading, valued at a mere $5,499,290, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator was negative, showing 6 stocks with bids higher than their last selling prices and 10 stocks with offers that were lower.
Main Market| The JSE Market Index declined 892.06 points to 71,976.11 and the JSE All Jamaican Composite index fell 997.48 points to close at 79,190.56.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Carreras with 3,210 shares, increasing 8 cents to $34.63, Jamaica Money Market Brokers ordinary trading 11,168 units at an increase of 5 cents to end at $7 and Scotia Group with 35,420 shares gained 3 cents to $19.05.
Firm| The stocks in the main market to close without a change in the last traded prices are, Desnoes & Geddes with 42,950 units, closed a$4.77, Mayberry Investments 420 shares closed at $1.50, Proven Investments with 9,000 units, ended at 18 US cents and Sagicor Group put through 271,779 shares at $9.65.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless with 113,885 units changing hands, for the loss of a cent at 29 cents,
Jamaica Producers 333 shares changing hands 25 cents lower at $15.50, Kingston Wharves 750 shares traded 80 cents lower at $5.50, National Commercial Bank with 14,694 units, ended losing 14 cents to $17.80 and Pan Jamaican Investment with 25,000 shares traded 10 cents down, at $49.
Preference| Proven Investments 8% preference share traded 14,290 units 7 cents off at $5.
Main Caribbean stock markets struggling
Wednesday was a case of low trading activity on the Jamaican stock market, with only 13 securities trading or about 19 percent of the listings. Thursday, it’s the turn of trading on the Trinidad Stock Exchange, with only 6 securities changing hands out of 36 listings, around 17 percent participation. The two markets reflect what is happening within the wider Caribbean region, with the vast number of territories mired in economic pressures, with low or no growth. Trinidad with its petro industry, has not been spared, with the stock market marking time for several months.
In Thursday’s trading 2 advanced, 1 declined and 3 traded firm with 184,481 units changing hands, with a value of $2,910,205. The Composite Index lost 0.42 points to close at 1,144.14, the All T&T Index fell by 1.01 points to close at and the Cross Listed Index fell / increased by 0.03 points to end at 41.13.
Gains| Stocks increasing in price at the close are, First Citizens Bank contributed 4,831 shares with a value of $176,097 to end a cent higher at $36.46, while Sagicor Financial Corporation added 2,430 shares, gained 4 cents to close at $6.25.
Declines| The stock declining at the end of trading is National Enterprises with only 56 units falling 8 cents, to $17.65.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund with 35,525 shares valued at $781,561 declined by 1 cent to end at $22, Massy Holdings with 26,589 shares being traded for $1,821,346 to close at $68.50 and National Commercial Bank with 115,050 shares changing hands for a value of $115,050, ended at $1.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator was reflecting 2 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.
Number of securities traded tumble on JSE’s
Wednesday’s Jamaica Stock Exchange activity, resulted in the prices of 3 stocks rising and 3 declining as 13 securities changed hands, culminating in 1,736,129 units trading, valued at $21,538,328, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
Main Market| The JSE Market Index gained 629.81 points to 72,868.17 and the JSE All Jamaican Composite index rose 704.23 points to close at 80,188.04.
Gains| Cable & Wireless is the only stock gaining in the main market with 12,971 shares trading, 1 cent up to 30 cents.
Firm| The stocks in the main market to close without a change in the last traded prices are, Jamaica Money Market Brokers with 998 ordinary units to close at $6.95, Mayberry Investments with 4,580 shares at $1.50 and Proven Investments 9,000 units traded at 18 US cents and Radio Jamaica 3,000 share closed at $1.04.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Sagicor Group with 62,921 shares, the price fell 25 cents to end at $9.65 and Scotia Group traded 952,872 units to close 23 cents lower at $19.02 .
Preference| Jamaica Money Market Brokers 8.75% preference share traded 367,113 units at $3.02.
Insiders pick up 5m Sagicor shares
Two Executives of Sagicor Group purchased a total of 4,979,956 shares, under the company’s Executive Long Term Incentive Scheme, on September 29, 2014, the company advised the Jamaica Stock Exchange. The purchase brings to 8,414,404 units acquired mostly by executives since June. Executives sold a total of 3,075,556 units during the same period.
The Group offers stock grants and stock options to senior executives as part of its long-term incentive plan. The Group has set aside 150,000,000 of its authorised but un-issued shares of $0.10 each for the stock grants and stock options. The lowest price option is dated March 2009 and would expire in March 2016 with an exercise price of $7.66 for 5,069,770 shares. All the rest that are vested, have an exercise price that are above the current stock price of $9.65. The exercise prices for the rest range between $10.45 for the 2010 vested amount of 4,039,454 with an expiry date of March 2017 and $14.10 for the 2012 vested amount of 1,813,036 shares, with an expiry date of 2019.
The Group also has in place a share purchase plan which enables its administrative and sales staff to purchase a pool of Sagicor Group shares at a predetermined discount rate of the closing bid price on December 31 each year. During 2013, the Staff Share Purchase Plan Trust purchased 3,417,136 shares over the Stock Exchange for a total value of $28,380,000.
Market closes out month down
Tuesday’s activity on the Jamaica Stock Exchange, culminated in the prices of 8 stocks rising and 7 declining, as 21 securities changed hands. A total of 5,217,834 units traded, valued at $54,942,294, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator showed 14 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower. The increase is probably due to month end window dressing by some portfolio managers would want to impact the value of the funds under management at the end of the month and quarter.
Main Market| The JSE Market Index lost 160.31 points to 72,238.36 and the JSE All Jamaican Composite index declined by 179.24 points, to close at 79,483.81.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Caribbean Cement, with 109,500 shares changing hands, ended 4 cents higher at $2.40, Grace Kennedy put through 19,208 units with a gain of 70 cents to $58.20, Jamaica Producers had 122,728 shares changing hands, gained 25 cents to $15.75, Mayberry Investments with 5,420 shares closed 4 cents higher at $1.50 and Sagicor Group traded 738,840 units, with an increase of 65 cents, to $9.90.
Firm| The stocks in the main market to close without a change in the last traded prices are, Berger Paints with 3,500 units, closing at $1.66, Cable & Wireless with 453,827 shares at 29 cents, Desnoes & Geddes 45,000 share at $4.77, Pan Jamaican Investment 417,537 shares trading to close at $49.10, Proven Investments 27,700 ordinary shares, to close with the price at 18 US cents and Seprod with 40,000 shares, closed at $10.90.
Declines| The last traded prices of stocks with losses at the close of the main market are, Carreras, down 8 cents to end at $34.55, in trading 93,336 units, Jamaica Broilers with 500,000 shares lost 50 cents to end at $4, Jamaica Money Market Brokers with 42,087 ordinary shares trading, lost 5 cents at $6.95, National Commercial Bank had 452,630 units changing hands, with a 5 cents loss, at $17.94 and Scotia Group with 351,187 shares, closed 5 cents off at $19.25 .
Preference| Jamaica Money Market Brokers 8.50% preference share traded 222,593 units, with a gain of 5 cents to $3.50 and Jamaica Money Market Brokers 7.50% preference share traded 110,462 units at $2.