Trading Activity

Juniors make big gain on Thursday

February 4, 2016 by IC Insider.com

AMG Packaging gained $2.30 to a 52 weeks’ high of $18.80 on Thursday.

The junior market made enjoyed a nice recovery at the closed on Thursday with 15 securities trading, 7 of which advanced, 2 declined. The market ended with index jumping over 2 percent by adding 47.57 points to end at 2,274.71 as 3 stocks closed at a new 52 weeks’ highs and with a few interesting bids, included are Access at $17.50 to buy 33,700 and Cargo Handlers at $40.05 to buy 3,700 units.
The volume of 1,700,082 units changed hands, valued at $8,831,236. At the close, 1 security ended with no bid to buy and 9 securities had no stocks being offered for sale but 6 stocks closed with bids that were higher than their last selling prices and one ended with a lower offer.
In trading, AMG Packaging gained $2.30 with a mere 100 units changing hands to end at a new 52 weeks high of $18.80, C2W traded 3,370 shares at 49 cents, Caribbean Cream ended with a gain of 45 cents to close at $4.75, Caribbean Producers traded 59,990 units but fell 40 cents to close at $5.10. Consolidated Bakeries traded 3,000 units and gained 15 cents to close at $1.55, Derrimon Trading closed at $4.50 with 22,390 units changing hands, General Accident traded 521,900 shares to close at $2.18, Honey Bun ended at a 52 weeks’ high of $9.31 with 50,000 units trading with a gain of 1 cent. The company reported first quarter earnings to December with sales increasing by 42 percent $293 million and profit after taxes rising 175 percent, to $47 million for 48 cents per share. Jamaican Teas gained 10 cents with 25,704 shares trading, to close at a $5.60, but traded earlier in the day at an intraday high of $5.61.

Knutsford Express traded 1,550 shares at a 52 weeks’ high of $17.25, the stock closed with a gain of 75 cents, Lasco Distributors closed with 277,371 units trading and ended with a gain of 30 cents at $7.80, Lasco Distributors reported a 50 percent jump in profit after tax of $592 million, for the nine months to December last year, up from $197 million. Profit after tax for the quarter was $212.5 million over prior year. Revenues for the nine months amounted to $10.9 billion 36 percent higher than in 2014. Revenues for the quarter were S4.0 billion, with the increase being in line with the nine months growth and profit after taxation came in at $213 million from 193 million in 2014. Lasco Financial closed at $4.16 with 49,260 shares changing hands. Lasco Manufacturing ended trading with 250,166 shares to close at $5, the company reported profit generated before tax for the nine months ended December 2015 at $763.5 million compared to $426.3 million for the same period last year, an increase of $337 million or 79%. Lasco’s profit for the quarter came in at $267 million, 69 percent higher than the $158 million for the same period in 2014. Medical Disposables closed at $3.55 with 34,200 shares trading and tTech closed with a 5 cents loss at $4.65 with 12,000 shares trading.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, C2W Music, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Caribbean Producers (CPJ), Consolidated Bakeries, Derrimon Trading, Dolphin Cove, Honey Bun, Jamaican Stock, Jamaican Teas, KLE Group, Knutsford Express, Lasco Financial, Medical Disposables, Trading Activity, tTech

No price changed on TTSE – Thursday

February 4, 2016 by IC Insider.com

Scotiabank is one of the stocks on the TTSE that is under selling pressure.

The Trinidad & Tobago stock market closed with 9 securities being active on Thursday, but there were no price changes at the close. A total of 474,866 shares changed hands valued at $1,681,708.
The Composite Index is unchanged at 1,161.97, the All T&T Index remained at 1,927.83 and the Cross Listed Index is stuck at 52.27 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with 7 stocks with bids higher than the last selling price and 7 stocks with offers that were lower. The market seems set to decline with Scotiabank having the offer at $60 compared with the last sale price of $61, Trinidad and Tobago NGL bid is at $18.25 to buy 10,200 units with an offer to sell 16,262 units at $18.89 the same as the last traded price. Trinidad Cement closed with the offer below the last traded price of $3.69 with only 700 units to sell at $3.65 and the bid at $3.50 to buy 1,414 units.

Firm Trades| Calypso Macro Index Fund traded 45 shares at $25, Clico Investment Fund traded 1,257 shares to close at $22.50, First Citizens Bank traded 200 units at $35, JMMB Group had 452,351units changing hands to close at 55 cents, Massy Holdings ended with 5,255 shares valued at $313,192 changing hands as the price ended at $59.60. Republic Financial Holdings contributed 1,000 shares closing at $112, Sagicor Financial added 6,076 shares at $6.51, Unilever Caribbean ended with 2,800 shares trading at $67.82 and West Indian Tobacco Company contributed 5,872 shares with a value of $741,633 at $126.30.

Filed Under: Stock Market, TTSE Market Tagged With: clico, Clico Investment Fund, Daily Trading, JMMB Group, Massy Holdings, Republic Financial Holdings, Sagicor Financial Corporation, Scotiabank, Trading Activity, Trinidad and Tobago NGL, Trinidad Cement, TTSE

More US$ selling than buying – Wednesday

February 3, 2016 by IC Insider.com

Trading in the Jamaican foreign exchange market ended Wednesday with dealers buying the equivalent of US$30,741,701 and selling US$45,468,988, in contrast with US$39,102,745 purchased and US$45,483,303 sold on Tuesday.
In US dollars trading, dealers bought US$27,773,808 compared to US$36,005,606 on Tuesday with the buying rate for the US dollar slipping by 16 cents to $120.64. A total of US$43,559,983 was sold versus US$43,512,355 on Tuesday as the selling rate rose 1 cent to $121.38. The Canadian dollar buying rate rose 47 cents to end at $83.58 with dealers buying C$998,893 and selling C$580,645, at an average rate that slipped $1.58 to $85.69. The rate for buying the British Pound climbed $1.05 to $171.74 for the purchase of £1,374,735, while £741,813 was sold, with the rate rising 69 cents to $173.22. At the end of trading, the selling rate for Euro, ended with a rise of 13 cents to close at J$132.31, from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.71 for a decline of 1 cent from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$318,898 being bought, while US$440,417 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a fall of $18.34 in the lowest selling rate for the US dollar that ended at $99.16, the highest buying rate of the Canadian dollar rising $1.50 to $88, the lowest selling rate jumping $2.70 to $82.70 and the highest buying rate for the British Pound climbing $2.40 to $176.70.

Filed Under: FX Market, Stock Market Tagged With: BOJ, British Pound, Canadian dollar, Daily Trading, FX Market, J$ vs euro, Jamaica dollar, Trading Activity, US Dollar

Juniors eke small gain on Wednesday

February 3, 2016 by IC Insider.com

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Access closed with the bid at $17.50 compared with the last traded price of $16.80

The junior market made small gains at the closed on Wednesday with 18 securities trading, 7 of which advanced, 4 declined. The market ended with index rising 9.50 points to end at 2,227.14 as 3 stocks closed at a new 52 weeks’ highs and with a few interesting bids, included are Access at $17.50 to buy 33,700 and Cargo Handlers at $40 to buy a small amount.
The volume of 1,700,082 units changed hands, valued at $8,831,236. At the close, 1 security ended with no bid to buy and 8 securities had no stocks being offered for sale but 6 stocks closed with bids that were higher than their last selling prices and none ended with a lower offer.
In trading, AMG Packaging gained $1 with just 19,136 units changing hands at a new 52 weeks high of $16.50, Caribbean Cream ended with a loss of 35 cents as the stock remains under selling pressure, as 52,489 shares changed hands to close at $4.30. Caribbean Flavours traded 600 units to end at $8.50, Caribbean Producers traded 696,572 units but fell 39 cents to close at $5.50, Derrimon Trading closed at $4.50 with 2,000 units changing hands, Dolphin Cove closed with 9,847 units changing hands at $15.72. General Accident gained 8 cents while trading 110,204 shares to close at $2.18, Honey Bun ended at a 52 weeks’ high of $9.30 with 2,000 units trading with a gain of 5 cents,

Jamaican Teas gained 40 cents with 95,000 shares trading, to close at a $5.50, KLE closed with 6,000 units changing hands at $2.75. Knutsford Express traded 1,900 shares at a 52 weeks’ high of $16.50, the stock price closed with a gain of $1.30, Lasco Distributors closed with 141,838 units trading and ended with a gain of 15 cents at $7.50, Lasco Financial rose 4 cents to close at $4.16 with 87,291 shares changing hands. Lasco Manufacturing ended trading with 434,275 shares to close at $5, Medical Disposables closed at $3.55 with 30,430 shares trading but lost 2 cents, Paramount Trading had just 1,000 units changing hands at $11.49 and tTech closed at $4.75 with 9,500 shares trading.

Filed Under: JSE Junior Market, Stock Market Tagged With: Access Financial Services, Cargo Handlers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, Dolphin Cove, General Accident, Honey Bun, Jamaican Stock, KLE Group, Knutsford Express, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Trading Activity, tTech

Activity picks up on TTSE – Wednesday

February 3, 2016 by IC Insider.com

Guardian on the move on the TTSE

The Trinidad & Tobago stock market closed with 11 securities being active on Wednesday, up from 7 on Tuesday with 4 stocks gaining, 3 declining with the prices of 4 remaining unchanged as the stock prices of 2 companies hit 52 weeks’ lows and 1 52 weeks’ high. A total of 346,177 shares changed hands valued at $895,825.
The Composite Index fell 0.16 points to 1,161.97, the All T&T Index lost 0.63 points to 1,927.83 and the Cross Listed Index advanced by 0.05 points to 52.27.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with only 5 stocks with bids higher than the last selling price and 5 stocks with offers that were lower.
Gains| Guardian Holdings gained 5 cents with 430 shares changing hands to close at $14.25, Sagicor Financial added 1,200 shares and closed at a 52 weeks’ high of $6.51, to gain 1 cent. Scotia Investments had 4.500 units changing hands at a $1.64, for a 4 cents gain and Unilever Caribbean ended with 2 cents rise with 8,217 shares trading at $67.82.
Losses| Massy Holdings ended with 80 shares changing hands as the price dropped 20 cents to end at a 52 weeks’ low of $59.60, National Flour contributed 25,000 shares but lost 8 cents in closing at $2.19 and Trinidad and Tobago NGL fell 11 cents, in trading 3,038 shares at a new 52 weeks’ low of $18.89.
Firm Trades| Clico Investment Fund traded 1,140 shares to close at $22.50, First Citizens Bank traded 8 units at $35, JMMB Group had 301,724 units changing hands to close at 55 cents and Prestige Holdings with 840 units and ended at $10.25.

Filed Under: Stock Market, TTSE Market Tagged With: Clico Investment Fund, Daily Trading, First Citizens, Guardian Holdings, JMMB, JMMB Group, Massy Holdings, National Flour Mills, Prestige Holdings, Sagicor, Sagicor Financial Corporation, Scotia Investments, Trading Activity, Trinidad and Tobago NGL, TTSE, Unilever Caribbean

JSE post gains in morning session

February 3, 2016 by IC Insider.com

Trading on the Jamaica Stock Exchange in the morning session on Wednesday is off to a bright start with new 52 weeks’ highs being reached in Berger Paints and Pulse Investments. Trading volumes are up across the board after 75 minutes of trading, with 34 securities traded amounting to 2,039,201 units. 11 stocks recorded gains and 10 declined.
Scotia Bank traded 186,800 units at $34.99 but has an offer to sell at $32 as this stock seems set to continue its sharp up and down movements that it has been doing from 2015. Caribbean Producers had a good volume of 663,072 units but slipped back to $5.10 from the closing price of $5.50 on Tuesday.
The all Jamaica Composite Index climbed 561.17 points to 181,930.63, the JSE Market Index rose 502.14 points to 163,727.15, the JSE combined index gained 532.63 points to 174,471.12 and the junior market index gained 6.55 points to 2,224.19 as this market continues to make recovery from recent declines.

Filed Under: JSE Main Market, Stock Market Tagged With: Berger Paints, Caribbean Producers (CPJ), Pulse Investments, Scotia, Trading Activity

Strong FX inflows on Tuesday

February 2, 2016 by IC Insider.com

Trading in the Jamaican foreign exchange market ended Tuesday with dealers buying the equivalent of US$39,102,745 and selling US$45,483,303, in contrast with US$64,626,781 purchased and US$55,140,235 sold on Monday.
In US dollars trading, dealers bought US$36,005,606 compared to US$60,897,375 on Monday with the buying rate for the US dollar slipping by 9 cents to $120.80. A total of US$43,512,355 was sold versus US$53,714,041 on Monday as the selling rate rose by 3 cents to $121.37. The Canadian dollar buying rate rose 54 cents to end at $83.11 with dealers buying C$1,054,742 and selling C$1,429,307, at an average rate that climbed $2.37 to $87.27. The rate for buying the British Pound jumped $1.90 to $170.69 for the purchase of £1,573,451, while £523,262 was sold, with the rate rising $1.46 to $172.53. At the end of trading, the selling rate for Euro, ended with a rise of 85 cents to close at J$132.18, from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.72 for a gain of 85 cents from Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$148,241 being bought, while US$199,528 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a recovery of $18.34 in the lowest selling rate for the US dollar that ended at $117.50 and the highest buying rate for the British Pound climbing $1.50 to $174.30 and lowest selling rate gaining $2.05 to end at $166.50.

Filed Under: FX Market, Stock Market Tagged With: BOJ, British Pound, Canadian dollar, Daily Trading, euro, FX Market, J$ vs euro, Jamaica dollar, Trading Activity, US Dollar

4 new junior highs on Tuesday

February 2, 2016 by IC Insider.com

CAC 2000 closed at new high of $6.71 on Tuesday.

The junior market closed on Tuesday with 17 securities trading, 8 of which advanced, 5 declined but the market index slipped 5.86 points to end at 2,217.64. The market ended with 4 stocks closing at a new 52 weeks’ highs.
The volume of 2,288,351 units changed hands, valued at $8,386,950. At the close, 1 security ended with no bid to buy and 8 securities had no stocks being offered for sale but 3 stocks closed with bids that were higher than their last selling prices and 1 ended with a lower offer.
In trading, AMG Packaging gained 50 cents with 13,116 units changing hands at $15.50 for a new 52 weeks high, CAC 2000 closed with 12,000 units changing hands with a gain of 18 cents to close at a 52 weeks’ high of $6.71, C2W Music closed with 4,620 units changing hands to close at 49 cents. Caribbean Cream ended with a loss of 10 cents as the stock remains under selling pressure, as 35,984 shares changed hands to close at $4.65. Caribbean Flavours traded 1,896 units to end with a loss of 45 cents at $8.50, Caribbean Producers traded 13,317 units but fell 50 cents to close at $5.50 after trading as low as $5.10, Consolidated Bakeries traded 815,024 shares at $1.40. Derrimon Trading closed with gain of 29 cents at 52 weeks’ high of $4.50 with 57,000 units changing hands, General Accident gained 5 cents while trading 49,450 shares to close at $2.10, Honey Bun ended at a 52 weeks’ high of $9.25 with 5,650 units trading with a gain of 10 cents. Jamaican Teas gained 10 cents with 94,640 shares trading to close at a $5.10, KLE Group closed with 89,800 units changing hands at $2.75, after rising 25 cents, Lasco Distributors closed with 44,649 units trading and ended with a gain of 10 cents at $7.35. Lasco Financial fell 2 cents to close at $4.12 with 9,309 shares changing hands, Lasco Manufacturing ended trading with 1,035,846 shares to close at $5, Medical Disposables closed at $3.57 with 4,000 shares trading but lost 1 cent and tTech closed at $4.75 with 2,050 shares trading.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, C2W Music, CAC 2000, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Derrimon Trading, Eppley, General Accident, Honey Bun, Jamaican Teas, KLE Group, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Trading Activity, tTech

Low activity on TTSE – Tuesday

February 2, 2016 by IC Insider.com

Grace Kennedy closed at a 52 weeks’ high of $4.22 on Tuesday

The Trinidad & Tobago stock market closed with only 7 securities being active on Tuesday with 2 stocks gaining, 1 declining with the prices of 4 remaining unchanged as the stock prices of 3 companies hit 52 weeks’ lows. A total of 373,731 shares changed hands valued at $2,381,341.
The Composite Index fell 0.54 points to 1,162.13, the All T&T Index lost 1.55 points to 1,928.46 and the Cross Listed Index advanced by 0.06 points to 52.22.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with only 4 stocks with bids higher than the last selling price and 8 stocks with offers that were lower.
Gains| Grace Kennedy had 1,000 units changing hands at a new 52 weeks’ high of $4.22, for a 7 cents gain. The price in Trinidad equates to J$79.50, a few dollars form the $82 price in Jamaica and Prestige Holdings with 44,322 units with a value of $454,300 changing hands ended at $10.25 to record a gain of 2 cents.
Losses| Trinidad Cement contributed a mere 1,000 shares but lost 20 cents in closing at $3.69
Firm Trades| Clico Investment Fund traded 71,040 shares valued at $1,598,402 to close at $22.50, JMMB Group had 250,000 units changing hands to close at 55 cents, Republic Financial Holdings closed at $112 with 669 shares changing hands. The stock closed with a bid at $112 to purchase 179,149 shares with the offer at $114 to sell 114 units and Trinidad and Tobago NGL traded at $19, with 5,700 shares.

Filed Under: Stock Market, TTSE Market Tagged With: Clico Investment Fund, Grace Kennedy, JMMB Group, Prestige Holdings, Republic Financial Holdings, Trading Activity, Trinidad and Tobago NGL, Trinidad Cement, TTSE

3 new lows on TTSE no gains – Monday

February 1, 2016 by IC Insider.com

The Trinidad & Tobago stock market closed with 12 securities being active on Monday with no stock gaining, 5 declining with the prices of 8 remaining unchanged as the stock prices of 3 companies hit 52 weeks’ lows. A total of 42,687 shares changed hands valued at $1,396,341.
The Composite Index fell 0.64 points to 1,162.67, the All T&T Index lost 1.27 points to 1,930.01 and the Cross Listed Index remained at 52.16.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with only 6 stocks with bids higher than the last selling price and 9 stocks with offers that were lower.
Losses| ANSA McAL contributed a mere 20 shares but lost 25 cents in closing at 52 week’s Low of $66, Massy Holdings lost 9 cents to close at new 52 weeks’ low of $59.80 as 110 shares traded. The late 2015 listed, Trinidad and Tobago NGL, fell 10 cents to a new 52 weeks’ low of $19, with 17,420 shares valued at $331,335 changing hands and Unilever Caribbean traded just 430 units to close with a 2 cents fall, to $67.80.
Firm Trades| Calypso Macro Index Fund traded 50 units at $25 each, Clico Investment Fund traded 1,900 shares to close at $22.51. First Citizens Bank had 16,427 shares changing hands valued at $574,945 and closed at $35. Guardian Holdings had 1,185 units changing hands to close at $14.20, Praetorian Property Mutual Fund contributed 2,000 shares to end at $3, Republic Financial Holdings closed at $112 with 764 shares changing hands. The stock closed with a bid at $112 to purchase 179,818 shares with the offer at $114 to sell 114 units and West Indian Tobacco traded 2,380 units to close at $126.30 with a value of $300,594.