In Wednesday’s trading on the Jamaica Stock Exchange the market slipped more than it gained on Tuesday as big capitalisation stocks, Desnoes & Geddes, Sagicor Group and Cable & Wireless slipped in value with the prices of 5 stocks rising and 9 declining as 24 securities traded resulting in 8,461,785 shares changing hands valued at $29,734,524. At the close market sentiment was reflecting continued negative movements for a while.
Main Market| Only 4 companies in the main market advanced and 8 declined as the indices plummeted with the JSE Market Index dropping by 2,428.50 points to 73,614.29 and the JSE All Jamaican Composite index shedding 2,715.48 points to close at 81,022.33.
Gains| Stocks recording gains at the end of trading in the main market are Hardware & Lumber trading 64,500 shares to close with a gain of $1.30 cents at $11.80, National Commercial Bank with 7,976 units changing hands to close at $18.50and gained 40 cents, Caribbean Cement with 84,939 shares to close at $4, with an increase of 10 cents and Scotia Group only 500 shares to close at $20.55 for a 5 cents gain.
Firm| There were only 6 stocks in the main market to close without a price change as Jamaica Broilers with 22,080 shares closed at $4.85, Jamaica Money Market Brokers 8.50% preference share traded 10,000 units and closed at $3.50, Jamaica Money Market Brokers 8.75% preference share closed at $3.03 while exchanging 221,600 shares, Proven Investments 8% preference share traded 612,900 units at $5.09 followed by Seprod with 171,083 units at $10.80 and Supreme Ventures with 17,000 units to close at $2.10.
Declines| On a day when declining stocks overwhelmed advancing ones, the number of stocks that declined in the main market are Cable & Wireless with 1,903,766 shares as investors tried to get out of the stock as it the closed at 40 cents having slipped by 4 cents, Desnoes & Geddes with 697,860 shares while losing 40 cents to end at $4.10, Gleaner with 8,000 shares to close 5 cents lower at $1.10, Grace Kennedy 40,258 units in closing at $56.50 as the price slipped a cent, Pan Jamaican Investment with 97,716 shares in closing at $48.51 down by 54 cents, Radio Jamaica 24,000 units traded to close 4 cents lower at $1.28 and Sagicor Group with 576,077 shares closed at $8.90 with the fall of 13 cents.
Junior Market| The JSE Junior Market Index declined by 2.99 points to close at 750.39 as 7 stocks traded with only one advancing and 2 declining.
Gains| Lasco Financial traded 41,000 units to close at $1.30, up 10 cents, was the only stock with a gain at the end of trading in the junior market.
Firm Trades| 4 stocks in the junior market traded to close at the same price as the day before with Caribbean Flavours trading 11,121 units at $2.70, Caribbean Producers 121,513 shares to end at $3, Consolidated Bakeries 40,000 units in ending at $1.10 and Lasco Manufacturing with 1,066,000 shares to end at $1.20.
Declines| Stocks declining in the junior market at the end of trading are Dolphin Cove trading 222,681 units at $8.20 for a 3 cents fall and Lasco Distributors 2,399,215 shares at $1.30 down 5 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator flashed negative sentiment showing 5 stocks with the bid higher than the last selling price and 9 stocks with offers that were lower.
JSE Market gives up much ground
JSE Market gains 2,000 points
Scotia Group traded as high as $22.89 before closing at $20.50 and was the main factor in the big jump in the Jamaica Stock Exchange two main indices while the prices of 9 stocks rose and 8 declined as 27 securities traded resulting in 5,724,168 shares trading valued at $32,909,845.
Main Market| The prices of 5 companies in the main market advanced and 6 declined as the indices jumped as the JSE Market Index gained 2,054.10 points to 76,042.79 and the JSE All Jamaican Composite index jumped by 2,296.84 points to close at 83,737.81.
Gains| Stocks recording gains at the end of trading in the main market are Cable & Wireless with 1,290,256 units to close with a 2 cents gain at 44 cents, Carreras traded 3,594 shares to close with a gain of a cent at $33.57, Gleaner gained 5 cents to close at $1.15 with 20,000 units changing hands, Jamaica Money Market Brokers 1,494 units to close at $7.27 up by 5 cents and Supreme Ventures with 79,975 shares to close with a gain of 5 cents at $2.10.
Firm| There were 6 stocks in the main market to close without a change in price with Desnoes & Geddes trading 1,064 shares and closed at $4.50, Jamaica Broilers 715,645 units and closed at $4.85, Jamaica Money Market Brokers 8.75% preference share, 654,081 units to close at $3.03, Jamaica Producers 96,627 units at $18.26, Mayberry Investments 2,040 shares in closing at $1.70 and Scotia Group 868,539 shares to close at $20.50 but traded as high as $22.98.
Declines| The number of stocks that declined in the main market are Berger Paints with 10,000 units in losing a cent to end at $1.67, Caribbean Cement with 25,899 shares to close at $3.90 by falling by a cent, Hardware & Lumber 36,100 shares to close at $10.50 for a $1.20 fall, National Commercial Bank 57,933 shares to close at $18.10 for a 20 drop, Pan Jamaican Investment 2,400 units to end 23 cents lower at $49.05 and Sagicor Group with 23,157 shares in closing at $9.03 for a 47 cents fall.
Junior Market| The JSE Junior Market Index declined by 6.86 points to close at 747.40 as 10 stocks traded with 4 advancing and 2 declining.
Gains| Stocks recording gains at the end of trading in the junior market are Dolphin Cove that traded 1,000 units to close at $8.23 with a gain of 3 cents, Medical Disposables 391,382 shares to close with a one cent gain at $2.05, Jamaican Teas up 29 cents to end at $3.50 for 49,470 shares and Lasco Manufacturing traded 1,035,268 units to close up a cent at $1.20.
Firm Trades| 4 stocks in the junior market that traded to close at the same price as the day before with Access Financial Services trading 4,044 units at $11.50, Caribbean Producers with 200,000 units to close at $3, Consolidated Bakeries 108,000 to close at $1.10 and Lasco Financial Services 31,200 shares at $1.20.
Declines| Stocks declining in the junior market at the end of trading are General Accident that traded 7,000 units at $1.50 as the price lost 10 cents and Lasco Distributors with 8,000 units, closed 5 cents lower at $1.35.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had only 3 stocks with the bid higher than the last selling price and 8 stocks with offers that were lower.
Advancing stocks top declines
In Monday’s trading on the Jamaica Stock Exchange the prices of 6 stocks rose and 3 declined as 21 securities traded resulting in 5,426,535 shares changing hands valued at $14,802,328. The IC market sentiment indicator is pointing to continued fluidity in prices with almost an even number of stocks with bids and offers above or below their last traded prices.
Main Market| 5 companies in the main market advanced, only 3 declined as the indices moved down with the JSE Market Index falling by 603.54 points to 73,988.69 and the JSE All Jamaican Composite index declining by 674.86 points to close at 81,440.97.
Gains| Stocks recording gains at the end of trading in the main market are Cable & Wireless trading 16,832 shares to close with a gain of one cent at 41 cents, Desnoes & Geddes gained 20 cents to close at $4.50 with 450 units changing hands, National Commercial Bank 1,690 shares to close at $18.30 with a gain of 20 cents, Pan Jamaican Investment with 101,574 shares to close at $49.28, up 23 cents. Radio Jamaica had 4,900,000 units changing hands to close with a 4 cents gain at $1.32.
Firm| There were only 6 stocks in the main market to close without a change in price as Gleaner with 22,980 shares closed at $1.10, Grace Kennedy 810 units helped the price to close at $56.51, Jamaica Broilers traded 113,552 shares to close at $4.85, Mayberry Investments with 1,020 shares closed at $1.70, Sagicor Real Estate Fund traded 11,930 units to close at $6.50 and Scotia Group with 18,575 units closed at $20.50.
Declines| The number of stocks that declined in the main market are Jamaica Money Market Brokers with 1,298 shares in losing 2 cents to end at $7.22, Sagicor Group 106,867 shares to close down by 30 cents at $9.50 and Seprod with 1,022 at $10.80 for a 4 cents fall.
Junior Market| The JSE Junior Market Index advanced by 2.92 points to close at 754.26 as only 6 stocks traded in that market.
Gains| Lasco Manufacturing was the only stock recording a gain at the end of trading in the junior market as 44,697 shares changed hands to close up by 9 cents at $1.19.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are AMG Packaging with 500 units at $3.50, Blue Power with 19,438 units at $9.01, Derrimon Trading 12,000 units at $2.28, Lasco Distributors 37,300 shares at $1.40 and Lasco Financial Services 14,000 units at $1.20. Access Financial 9% Unsecured Short Term Notes traded 9,000 units at $99.50.
Declines| No stock declined in the junior market at the end of trading on Monday.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with the bid higher than the last selling price and 9 stocks with offers that were lower.
Citizens march on TTSE
First Citizens Bank continues its recover, by ending with another gain in the march towards the $40 mark once more, on a day with trading in 12 securities, of which 4 advanced, 3 declined and 5 traded firm. Only 93,287 stocks traded, with a value of $5,597,251.
The Composite Index advanced 1.53 points to close at 1,181.19, the All T&T Index rose by 3.05 points to close at 2,017.90 and the Cross Listed Index remained flat at 45.16.
Gains| Stocks increasing in price at the close are, Ansa Merchant Bank trading 3,520 units, to close with a gain of 9 cents at $38.49, First Citizens Bank with 29,063 shares changing hands, for a value of $1,118,588, to close at $38.50, up 28 cents, Neal & Massy enjoyed a 50 cents gain, to end the day at $67, a new 52 weeks high, with 1,650 shares changing hands and Republic Bank with 23,853 shares being traded for $2,870,709, gained 2 cents to close at $120.35.
Declines| In trading, Agostini’s with 569 shares, closed at $17.58 and lost a cent, ANSA McAL lost a cent in trading 148 units, to close at $66.44 and Clico Investment Fund fell by 2 cents, to close at $21.56 in posting 8,395 shares valued at $181,005.
Firm Trades| Stocks closing with prices unchanged, at the end of trading, are Guardian Holdings that contributed 14,746 shares, with a value of $199,071, to close at $13.50, Sagicor Financial Corporation 2,000 units to close at $7.02, Scotiabank traded just 198 units at $70 and Trinidad Cement with 1,250 shares changing hands, closed at $2 while West Indian Tobacco added 7,895 shares valued at $931,610 and closed 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 their last selling prices and only 1 with the offer that was lower.
Securities traded up but prices mixed
There was trading in 16 securities on the Trinidad Stock Exchange on Wednesday, 4 advanced, 3 declined and 9 traded firm, as 157,712 shares traded with a value of $1,646,580.
Market activity lead to two new 52 weeks highs and moderate movements in the indices, with the Composite Index edging up 0.43 points to close at 1,169.87, the All T&T Index gaining 1.73 points, to close at 1,985.33 and the Cross Listed Index declining by 0.12 points to 46.49.
Gains| First Citizens Bank contributed 17,200 shares with a value of $596,996 and gained 70 cents, to close at $34.70, Praetorian Property Fund advanced by a cent to end at $3.41, as it traded 2,000 units, Republic Bank traded a mere 83 units, as the price moved up a cent, to close at $120.17 for a new 52 weeks high and Unilever Caribbean traded just 31 shares to close 2 cents higher at $58.22, a new 52 weeks high.
Firm Trades| Stocks trading with unchanged closing prices, are Angostura Holdings with 16,470 shares valued at $181,170, to close at $11, Flavorite Foods with 33 units at $7, Grace Kennedy with 45,600 shares changing hands for a value of $159,600 and closed at $3.50, National Flour Mills 10,000 shares at $1.26, Neal & Massy 100 shares at $66.31, Prestige Holdings 500 units at $9.35, Scotiabank 138 shares at $71, Trinidad Cement 895 units at $2.06 and West Indian Tobacco 216 units at $118.
Declines| Clico Investment Fund traded 13,277 shares valued at $288,603 as the price declined by 15 cents, to end at $21.70, Jamaica Money Market Brokers traded 6,300 shares to close down 2 cents to 54 cents and Sagicor Financial Corporation with a volume of 44,667 shares traded for $312,669 as the price shed 3 cents, to end at $7.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.
Mixed TTSE market action
NatMarket activity was mixed in trading on the Trinidad Stock Exchange on Tuesday with 11 securities changing hands, of which 3 advanced, 3 declined and 5 traded firm. The Composite Index declined by 1.84 points, to close at 1,169.44, the All T&T Index eased down by 3.60 points, to 1,983.60 and the Cross Listed Index inched down by 0.01 points to 46.61. A volume of 336,239 shares changed hands with a value of $2,294,276.
Gains| Prestige Holdings had 158,395 shares changing hands, for a value of $1,480,422 as the price gained 6 cents to end at $9.35, Republic Bank traded a mere 83 units as the price moved up 5 cents, to close at $120.16, for a new 52 weeks high and Scotia Investments closed with 14,984 shares for a 1 cent gain at $1.60.
Firm Trades| Agostini’s had 20 units changing hands, to close at $17.75, Flavorite Foods 25 units at $7, Guardian Holdings contributed 45,884 shares with a value of $619,434, to close at $13.50, National Enterprises had 1,000 units trading at the close, at $18.25 and National Flour Mills added 15,000 shares valued at $18,900 as it closed at $1.26.
Declines| First Citizens Bank fell 99 cents to close at $34, Jamaica Money Market Brokers with 95,653 shares being traded for $53,566, closed down 3 cents to 56 cents, and Sagicor Financial traded 4,000 units to close at $7.03 as it lost 2 cents.
At the end of trading the Investor’s Choice bid-offer indicator had 4
4 stocks at new highs on TTSE
Four stocks closed at new 52 weeks high, on the Trinidad Stock Exchange, on the final trading day of the week, as 5 stocks advanced and 2 declined.
Market activity resulted in the trading in 15 securities with 170,619 shares changing hands valued at $2,121,879. The Composite Index was down by 0.49 points to 1,171.28 while the All T&T Index fell by 0.98 points to close at 1,987.20 and the Cross Listed Index remained at 46.62.
Gains| Stocks advancing are Ansa Merchant Bank that contributed 1,280 shares at $38.49 by gaining 11 cents, One Caribbean Media 200 shares at $20 while gaining 25 cents to record a new 52 weeks high at the close, Republic Bank 6,854 shares at a new 52 weeks high of $120.11, with a gain of a cent, Unilever Caribbean 332 units to close at $58.20 for a 13 cents gain and LJ Williams B shares 11,650 units to close at 90 cents up 11 cents, both at new 52 weeks highs.
Firm Trades| Stocks trading unchanged are Clico Investment Fund 3,763 shares to end at $21.85, First Caribbean International Bank contributed 21,520 shares with a value of $123,740 and closed at $5.75, Grace Kennedy 20,000 units at $3.50, Jamaica Money Market Brokers saw 21,000 shares changing hands valued at $11,790 as the price closed at 59 cents. National Commercial Bank had 26,435 shares changing hands for a value of $30,665 as it closed $1.16, National Flour Mills traded 22,175 shares for $27,941 to close at $1.26, Neal & Massy traded 3,494 shares to close at $66.31 and Sagicor Financial Corporation 4,100 units to close at $7.05,
Declines| Stocks declining are First Citizens Bank traded 8,500 shares valued at $197,169 as the price slipped by a cent to end at $34.99, and Guardian Holdings 11,765 shares at 25 cents lower at $13.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bids that were higher than their last selling prices and only 1 stock with the offer that is lower.
Strong arbitrage position in JMMB in JSE & TTSE
Jamaica Money Market Brokers (JMMB) closed at 56 cents, the equivalent of JS$9.50 while it closed at J$7.50 in Jamaica, providing investors with a great arbitrage position, with a huge 26 percent price difference at the end of trading.
Trading overall in the Trinidad Stock market on Wednesday saw 12 securities changing hands of which 5 advanced, 5 declined and 2 traded firm resulting in the Composite Index declining by 4.54 points to close at 1,173.08, the All T&T Index falling by 8.83 points to close at 1,990.79 and the Cross Listed Index easing by 0.03 points to close at 46.62. Trading resulted in 653,357 shares changing hands, valued at $6,420,588.
Gains| (JMMB) was the volume leader with 186,000 shares changing hands for a value of $103,300, closing 3 cents higher to end at 56 cents, National Enterprises gained 2 cents to close at $18.27, National Flour Mills added 110,000 shares valued at $138,600 to close a cent higher at $1.26, a 52 weeks high, Neal & Massy traded only 35 units at $66.31 for a one cent gain.
Declines| First Caribbean International Bank traded 15,072 shares at $5.75, down a cent, First Citizens Bank 3,581 shares at $36.07, down 28 cents Grace Kennedy with 161,400 shares traded for $564,975 and fell 13 cents to $3.50, Scotiabank with 215 shares, close at $70.10, down $1.90 and Trinidad Cement contributed 118,574 shares with a value of $243,723 to close at $2.05.
Firm Trades| Angostura Holdings 900 shares to close at $11.00, Sagicor Financial Corporation had only 50 units changing hands to end at $7.05.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bids higher than their last selling price and 3 stocks with offers that were lower.
Trinidad’s sleepy market
Stock market activity in Trinidad on Tuesday, saw trading in 13 securities, of which 3 advanced, 2 declined and 8 traded firm as 603,335 shares changed hands, for $7,429,236. The Composite Index edged up by 0.41 points to 1,177.62, the All T&T Index declined by 0.14 points to close at 1,999.62 and the Cross Listed Index inched up by 0.13 points to 46.65.
Gains| Clico Investment Fund traded 70,814 shares valued at $1,540,905 and gained 6 cents, to end the day at $21.76. Jamaica Money Market Brokers with 230,942 shares changing hands for a value of $122,179, closed 3 cents higher at 53 cents, Republic Bank with 955 units at $120.05 up 2 cents, a new 52 weeks high.
Firm Trades| Stock trading unchanged are Agostini’s with 471 units at $17.75, ANSA McAL 10 shares at $66.49, Angostura Holdings 10 shares at $11, National Flour Mills with a volume of 172,504 shares traded for $215,574 to close at $1.25, Point Lisas Industrial Port Development 300 shares at $3.65, Sagicor Financial Corporation 13,200 shares to close at $7.05, Guardian Media 957 units at $19.75 and West Indian Tobacco which added 17,501 shares valued at $2,065,118 to close at $118.
Declines First Citizens Bank contributed 88,671 shares with a value of $3,223,211 to close 4 cents lower at $36.35, Grace Kennedy traded 7,000 units to close with a one cent fall at $3.63.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than the last selling price and 5 stocks with offers that were lower.
Moderate demand on TTSE but 5 stocks up
Activity on the Trinidad Stock Exchange resulted in the trading of 10 securities on Friday of which 5 advanced, 3 declined and 2 traded firm.
A moderate volume of securities traded amounting to only 220,535 shares valued at $957,901. The Composite Index eased back by 0.89 points to close at 1,178.27, the All T&T Index declined by 2.73 points to 2,000.85 and the Cross Listed Index edged up by 0.13 points to close at 46.66.
Gains| In trading, First Citizens Bank moved 54 cents higher to close at $36.69 with 4,489 shares, First Caribbean International Bank traded 5,000 units at $5.76 for a one cent gain, Jamaica Money Market Brokers gained 2 cents to close at 47 cents, with 102,137 shares changing hands, for a value of $48,004. National Flour Mills traded 60,400 shares for $75,500 with the price closing 8 cents up, to end the day at $1.25, for a new 52 weeks’ high, Republic Bank had 1,335 shares changing hands to close 2 cents higher at $120.02, for a new 52 weeks’ high.
Firm trades| Clico Investment Fund traded 7,325 shares valued at $159,040, the price held at $21.71 and Scotiabank traded 2,622 units to close at $72.
Declines| Guardian Holdings lost a cent, to close at $14.14 in trading 2,000 shares, Trinidad Cement contributed 29,657 shares with a value of $65,245 while losing 10 cents, to close at $2.20 and Sagicor Financial Corporation added 5,570 shares valued at $40,605 and closed down a cent, at $7.29.
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 5 stocks with offers that were lower.
