TTSE: Republic jumps $2.48 to $120

Wednesday, 12th March 2014 | Buy rated Republic Bank traded 350 units as the price jumped $2.48 to end the day at $120.00 as trading on the Trinidad & Tobago Stock Exchange took place in 16 securities of which 5 advanced, 5 declined and 6 traded firm.

The indices movement was mixed with the Composite Index ended up by 4.00 points at 1,195.53, the All T&T Index gained 8.72 points to close at 2,010.33 and the Cross Listed Index declined by 0.10 points to close at 49.99. Trading took place resulting in 478,049 shares changing hands valued at $13,306,956.

National Flour Mills, Neal & Massy and republic closed at new 52 weeks high at the end of trading.

Gains | In addition to the gain by Republic Bank, National Flour Mills traded 50,000 units at $1.15, a new 52 weeks high, as the price moved up 4 cents; Neal & Massy 1,733 units at $66.32, up 2 cents; Prestige Holdings with 87,500 shares valued for $813,092 closing at $9.30 for a gain of a cent; Trinidad Cement 16,851 units at $2.26 for a 1 cent rise.

TTSEMar12Firm Trades | Angostura Holdings traded 29,830 shares at $11; Grace Kennedy 1,300 units at $3.70; National Commercial Bank 10,100 units at $1.18; National Enterprises 2,160 shares at $18.25; Scotiabank contributed 66,341 shares with a value of $4,809,723 while closing at $72.50; West Indian Tobacco added 52,351 shares valued at $6,177,419 at $118.

Declines | Clico Investment Fund traded 21,370 shares valued at $462,702 but the price declined by a cent to end at $21.65; First Citizens lost 5 cents to close at $37.65 with 193 shares; Guardian Holdings 9,680 traded shares at $14.48, and the price was off by a cent; Jamaica Money Market Brokers had 99,490 shares changing hands for a value of $45,340 with the price falling 3 cents to close at 45 cents and Sagicor Financial Corporation lost a cent to close at $7.44 while trading 28,800 shares.

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 3 stocks with offers that were lower.

JSE: 10 up 10 down

Tuesday, 11th March 2014 | In Tuesday’s trading on the Jamaica stock market, the prices of 10 stocks rose and 10 declined as 33 securities traded resulting in 6,450,322 shares trading, valued at $26,852,072.

Main Market trading | The advancing and declining stocks tilted the indices marginally up with the JSE Market Index inching up by 29.07 points to 77,412.89 and the JSE All Jamaican Composite index up by 32.50 points to close at 85,268.52.

Gains | Ciboney exchanging 1,235,982 shares at 2 cents higher to closed at 8 cents; National Commercial Bank gained 15 cents to close at $19.35 with 524,529 units changing hands; Pan Jamaican Investment closed at $50.01, up a cent with 10,498 shares; Radio Jamaica with 9,672 shares closed at $1.40 for a 5 cents gain; Sagicor Real Estate Fund put in 17,425 units at $7.19 for a gain of 2 cents; Scotia Group 6,400 shares at $21 an increase of 40 cents and Seprod 9,168 shares at 49 cents higher at $11.50.

Firm| Stocks in the main market trading firm are Barita Investments with 15,000 shares closing at $2.30; Jamaica Broilers 64,355 shares to close at $4.80; Jamaica Money Market Brokers 112,400 ordinary at $7.19; Jamaica Money Market Brokers 7.50% preference, 220,000 units at $2, and 333,000 units of the 8.75% preference at $3; Jamaica Producers 15,131 units at $18.26; Sagicor Group 89,670 shares at $9; Sagicor Investments 17,366 units at $18 and Supreme Ventures 52,123 units at $2.35.

Declines| Cable & Wireless traded 1,570,376 shares in closing 10 cents lower to end at 60 cents; Caribbean Cement 9,969 shares to close down 11 cents at $4.39; Carreras with 43,827 shares at $34.70 down a cent; Grace Kennedy with 44,150 shares at $59.99 down a cent; Mayberry Investments 36,865 shares at $1.90 off by 10 cents and Scotia Investments 4,000 shares at $25.50, down by $1.50.

JSEIndicesMar11Junior Market trading | The JSE Junior Market Index declined by 9.24 points to close at 722.82.

Gains | Three stocks closed higher with Jamaican Teas trading 34,325 units to close at $3.06, up 4 cents; Lasco Distributors with 231,781 units at $1.35 with an increase of 4 cents and Lasco Manufacturing with 249,951 shares at a cent higher at $1.22.

Firm Trades | Caribbean Producers traded 324,496 units at $2.70; Derrimon Trading had 516,735 shares changing hands in closing at $2.50, Honey Bun 11,309 units at $3.05 and Lasco Financial Services 139,375 units at $1.30.

Declines| Access Financial Services traded down by $1.10 with 366,491 units at $8; Cargo Handlers lost 69 cents in closing at $14.31 with 653 units; Caribbean Cream traded 20,200 units, 6 cents lower at 75 cents and General Accident had 113,100 shares changing hands at $1.59.

IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than the last selling price and one stock with the offer that was lower.

TTSE: 9 stocks gained

Tuesday, 11th March 2014 | The prices of 9 stocks rose in today’s trading on the Trinidad & Tobago Stock Exchange as 17 securities traded with 1 declining and 7 trading firm leading to the Composite Index advancing by 3.23 points to close at 1,191.53, the All T&T Index moving up by 5.72 points to 2,001.61 and the Cross Listed Index inching up by 0.10 points to close at 50.09. Two stocks closed at 52 weeks high. Trading amassed a volume of 749,891 shares valued at $5,355,311.

Gains | Clico Investment Fund that traded 85,750 shares valued at $1,857,183 as the price advanced by 12 cents to end at $21.66; First Citizens Bank with 34,071 shares valued at $1,283,802 with the price closing up a cent at $37.70; Grace Kennedy 1,048 shares closing at $3.70 for a 5 cents gain; National Commercial Bank with 500,000 shares changing hands for a value of $590,000, the price closed at $1.18 for a gain of 2 cents; National Flour Mills 4,400 $1.11 up a cent, to close at a new 52 weeks high; LJ B Williams 2,000 units at 79 cents for a 10 cents gain; Neal & Massy 1,500 shares, closing at a new 52 weeks high of $66.30, up 5 cents; Trinidad Cement with a volume of 89,223 shares traded for $196,641, the stock closed at $2.25 for a 9 cents gain and Scotiabank gained $2.40 to end the day at $72.50 in trading 285 units.

Declines | Firstcaribbean International Bank encountered a loss of 2 cents to close at $6.48.

TTSEMar11Firm trades | ANSA Mcal added 15,997 shares valued at $1,063,801 in closing at $66.50; Scotia Investments with 6,143 units closed at $1.53; Praetorian Property Mutual Fund 4,000 units closed at $3.41; National Enterprises 2,404 units ended the day at $18.25; West Indian Tobacco 1,318 shares at $118; Jamaica Money Market Brokers 1,100 shares at 48 cents and Agostini’s 552 units for $17.79.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with bids higher than the last selling price and 3 stocks with offers that were lower.

JSE: Low trading, another high for C&W

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Monday, 10th March 2014 | In trading on the Jamaica Stock market, the prices of 12 stocks rose and 8 declined as 27 securities traded resulting in 5,152,645 shares trading valued at $14,962,508. Cable & wireless closed at yet a new 52 weeks high and Pulse Investments closed at a new 52 weeks low.

Main Market | 8 companies in the main market advanced and 7 declined as the indices moved up with the JSE Market Index gaining 307.89 points to 77,383.82 and the JSE All Jamaican Composite index moving up 344.12 points to close at 85,236.02.

Gains | Stocks recording gains are Cable & Wireless gaining of 5 cents to close at 70 cents, 52 weeks high, with 3,778,521 units changing hands; Grace Kennedy with 101,500 units at $60 as the price gained 50 cents; Jamaica Stock Exchange with 7,482 units as the price rose 20 cents to end at $2.00; Mayberry Investments 195,661 units with the price closing at $2.00 for a 10 cents gain; Pan Jamaican Investment was up $1.95 to close at $50 with 5,730 units changing hands; Sagicor Real Estate Fund 12,940 shares at $7.17 for a 2 cents gain; Scotia Group with 63,862 units at $20.60 up a mere 5 cents and Seprod with 10,996 units at $11.01, up 11 cents.

Firm | There were only 5 stocks in the main and US dollar markets to close without price changes. Desnoes & Geddes with 44,754 shares at $5; Jamaica Broilers 3,337 shares at $4.80; Proven Investments ordinary, 66,000 units at 18US cents; Proven Investments 8% preference, 500 units closing at $5.09 and Sagicor Investments with 1,000 units at $18.

Declines | Seven stocks declined in the main market with Caribbean Cement losing 25 cents to end at $4.50 with 34,137 shares changing hands; Carreras with 3,000 units at $34.71 a fall of 9 cents; Jamaica Money Market Brokers ordinary, only 2,000 units at $7.19, down 25 cents; Jamaica Money Market Brokers 8.75% preference with 252,200 units at $3.00 for a 5 cents fall; National Commercial Bank 7,730 units as the price declined by 20 cents to $19.20; Pulse Investments traded at 75 cents with 106,700 units, the price was off 12 cents at the end of trading and Sagicor Group 79,275 units for 10 cents lower at $9.

JSEIndicesMar10Junior Market | The JSE Junior Market Index eased 0.47 points to close at 732.06 as only 7 stocks traded with 4 advancing and 2 declining.

Gains | Stocks trading up are Consolidated Bakeries with 110,800 shares at $1.20, up 10 cents; Dolphin Cove 1,020 units at $8.40, up 10 cents; Lasco Financial with only 1,000 units, closed at $1.30 for a gain of 9 cents and Medical Disposables with 200,000 shares, closed at $2.05 for a gain of 5 cents.

Firm Trades | KLE Group traded 5,000 shares at $1 as the sole stock in the junior market to close with the price unchanged.

Declines | Only two junior market companies lost ground in trading with Derrimon Trading having 4,500 units changing hands at 5 cents lower to close at $2.50 and Lasco Distributors losing 9 cents in trading 53,000 units to close at $1.31.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with bids higher than the last selling price and 4 with offers that were lower.

TTSE: Moderate trading continues

Monday, 10th March 2014 | Trading on the Trinidad & Tobago Stock Exchange was moderate and resulted in 57,426 shares changing hands valued at $1,412,302 as 9 securities traded with 3 advancing, 3 declining and 3 trading firm and resulted in the Composite Index falling 1.70 points to close at 1,188.30, the All T&T Index declining by 2.71 points to 1,995.89 and the Cross Listed Index easing by 0.10 points to close at 49.99.

Gains | Angostura Holdings with 2,188 shares valued at $24,068 and gained 21 cents to end at $11; Clico Investment Fund traded 5,180 shares valued at $111,577, advancing by 4 cents to end at $21.54; National Flour Mills with 31,780 shares changing hands for a value of $34,958 as the price closed up by 3 cents to $1.10.

TTSEMar10Firm Trades | Stocks trading with no price movements are Neal & Massy with 1,757 shares at $66.25; Republic Bank 8,987 shares at $117.52 for a value of $1,056,152 and Sagicor Financial Corporation 1,748 units at $7.45.

Declines | Jamaica Money Market Brokers which fell 2 cents to 48 cents in trading a mere 149 units; Scotiabank falling 90 cents to close at $71.10 while trading only 637 units and Trinidad Cement that lost 4 cents in closing at $2.16 with 5,000 shares for a value of $10,800.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with bids higher than the last selling price and 4 stocks with offers lower.

JSE: C&W 306% gain in 2 months

Friday, 7th March 2014 | How about 306% gain on one’s money in just two months? That is how much Jamaica’s Cable & Wireless shares has gained so far this year when the price closed at 65 cents in today’s trading. Most of the gains came after the company released nine months’ results to December 2013 in mid-February.

In today’s trading on the Jamaica Stock Market, the prices of 8 stocks rose and 10 declined as 29 securities traded resulting in 6,275,259 shares traded, valued at $23,546,563.

Main Market | More companies in the main market declined than advanced as the indices closed down marginally with the JSE Market Index inched down by 32.59 points to 77,075.93 and the JSE All Jamaican Composite index eased by 49.43 points to close at 84,891.90.

Gains | Five stocks recorded gains led by Cable & Wireless trading 3,775,010 shares at a new 52 weeks high of 65 cents as the price gained 9 cents; Caribbean Cement had 46,696 units changing hands with the price gaining 55 cents to close at $4.75; Kingston Wharves traded 958,682 units to close at $6.06 for a 48 cents gain; Sagicor Real Estate Fund put in 14,928 units at $7.15, an increase of 15 cents and Scotia Group 23,014 shares at $20.55, a 5 cents increase.

Firm | Five stocks in the main market closed without a price change including one from the preference section along with the Proven Investments US listing. Desnoes & Geddes with 5,246 units to close at $5; Jamaica Money Market Brokers 8.50% preference shares with 10,500 units at $3.50; Mayberry Investments 6,906 shares at $1.90; Proven Investments ordinary 7,300 units at 18 US cents; Sagicor Group 93,657 shares at $9.10 and Salada Foods with just 100 units at $9.

Declines | Stocks declining are Carreras, trading a decent volume of 261,845 shares to close down 20 cents at $34.80; Grace Kennedy 37,043 units with the price closing at $59.50 for a 50 cents fall; Jamaica Broilers swapped 99,308 units at $4.80 as the price shed 4 cents; Jamaica Money Market Brokers put in 24,506 shares at $7.44 while shaving a cent; Jamaica Stock Exchange lost 30 cents in trading 10,300 units at $1.80; National Commercial Bank traded only 4,700 units as the sellers were not prepared to sell lower by the end of trading at $19.40, a fall of 10 cents; Pan Jamaican Investment put in 5,637 shares at $48.05, down 95 cents and Supreme Ventures had only 2,000 units at $2.35 for a 2 cents decline.

JSEIndicesMar7Junior Market | The JSE Junior Market Index advanced by 2.24 points to close at 732.53 with 3 stocks advancing and 2 declining.

Gains | Stocks recording price gains in the junior market are Caribbean Cream in trading 98,080 units, up 6 cents and closing at 81 cents; Lasco Distributors traded 531,349 units to close 5 cents up at $1.40 and Lasco Manufacturing closed with a one cent increase at $1.21 while trading 13,610 shares.

Firm Trades | Five stocks traded with no price change. Blue Power exchanging 10,000 units at $9.01; Caribbean Producers 15,000 units at $2.70; Consolidated Bakeries 24,000 shares at $1.10; General Accident with 41,451 shares at $1.70 and Honey Bun 2,901 shares at $3.05.

Declines | Only 2 stocks closed down as Lasco Financial Services traded 131,490 units at $1.21 and lost a cent and Paramount Trading had 20,000 units trading at $2.92 for a 28 cents fall.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than the last selling price and 2 stocks with offers lower.

TTSE: Low trading still dominant

Friday, 7th March 2014 | There was trading in 11 securities on the Trinidad & Tobago Stock Exchange of which 3 advanced, 3 declined and 5 traded firm and 58,970 shares changing hands valued at $1,283,833. The Composite Index fell by 1.30 points to close at 1,190.00, the All T&T Index declined by 1.56 points to close at 1,998.60 and the Cross Listed Index inched down 0.13 points to close at 50.09. National Flour mills and Unilever Caribbean traded at new 52 weeks high.

Gains | National Flour Mills traded 1,500 units and closed at $1.07, up 2 cents; Trinidad Cement with 13,050 shares changing hands for a value of $28,409 closed up 5 cents at $2.20 and Unilever Caribbean traded 200 units to close 15 cents higher at $57.15.

Declines | First Citizens Bank traded 3,112 shares for $117,291 as the price declined by a cent to close at $37.69; National Commercial Bank traded 1,500 units to close down 2 cents at $1.16; Scotiabank contributed 2,091 shares with a value of $150,602 as the price fell 50 cents to $72.

TTSEMar7Firm trades | Agostini’s traded a mere 15 units at $17.79; Clico Investment Fund posted a volume of 33,910 shares valued at $729,097 with the price remaining at $21.50; Guardian Holdings traded 1,093 units at $14.49; National Enterprises 666 units at $18.25 and Republic Bank added 1,833 shares valued at $215,400 to close at $117.52.

IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with bids higher than the last selling price and 4 stocks with offers lower.

JSE: C&W gains 213% since January

Cable & Wireless closed trading at 50 cents and in the process recorded a gain of 213 percent since the start of the year. The stock has been scare since before the company released their December quarterly results in mid-February showing a reduced loss in the December quarter flowing from lower cost and improving margins. A reading the recent market activity of closing prices, bids and offers suggests that the price should move higher. There was a bid to buy just 14,570 units at 50 cents and the closest offer to sell is at 64 cents for 350,000 units. The next amount on offer was 1,038,266 shares at $3.50, well away from the last selling price, and a final offer at $9.90 to sell 43,000 units. Other orders to buy immediately below the 50 cent bid are 249,000 units at 48 cents and 235,000 units at 47 cents.

In Monday’s trading on the Jamaica Stock market, prices of 11 stocks rose and 7 declined as 31 securities traded resulting in only 3,194,433 shares trading valued at $20,691,078.

Main Market | The two main indices declined marginally with the JSE Market Index falling by 42.87 points to 76,636.22 and the JSE All Jamaican Composite index moved down 65.02 points to close at 84,224.90.

Gains | 8 stocks recorded gains with Berger Paints trading 2,000 shares to close at $1.85 cents up 5 cents; Cable & Wireless 206,913 units as the price gained 5 cents to closed at 50 cents; Carreras 21,900 units at $35 for a 32 cents gain;  Desnoes & Geddes, 500 shares as the price gained 50 cents to close at $5; Grace Kennedy closed up by $2.25 with 140,861 shares changing hands to close at $58 as investors responded positively to the 2013 full year results; Jamaica Broilers traded 27,466 shares to close at $4.90, a gain of 10 cents; Jamaica Money Market Brokers 8.75% preference share with 100,500 units at $3.05, a gain of 5 cents and Sagicor Group with 67,300 shares at $9 for a gain of 49 cents after it slipped to $8.50 on Friday.

JSEIndicesMar3rdFirm | Stocks in the main market to close without price change are Jamaica Money Market Brokers with 2,080 shares closing at $7.40; Caribbean Cement 86,000 units at $4.80; Jamaica Money Market Brokers 7.50% preference shares with 920,500 units at $2; Jamaica Producers had a mere 671 units trading at $18.26; National Commercial Bank had 15,760 shares trading and closed at $9.49; Radio Jamaica exchanged 30,000 shares to close at $1.35; Supreme Ventures exchanged 50,000 shares at $2.40 and Proven Investments 8% preference shares traded 4,500 units and closed at $5.09.

Declines | Kingston Wharves losing 45 cents to end at $5.55 with 13,500 shares; Scotia Group traded 169,929 units at $20.60 for a 55 cents decline and Scotia Investments had 4,150 units trading at $25.30 at the close for a decline of 60 cents.

Junior Market | The JSE Junior Market Index advanced by 0.65 points to close at 731.06.

Gains | Caribbean Flavours traded 90,854 units to close at $2.50, up 15 cents; Caribbean Producers closed at $2.75 for a 3 cents gain while trading 110,791 units and Lasco Distributors swapped 22,000 shares at $1.35, an increase of 5 cents.

Firm Trades | Stocks trading firm in Monday’s session are Access Financial Services that traded 9,000 to close at $9.10; AMG Packaging with 12,563 shares at $3.55; General Accident with 381,731 units to close at $1.70; Lasco Financial Services 46,201 shares to close at $1.21; Lasco Manufacturing had 377,666 shares changing hands to close at $1.16 and Paramount Trading had 5,000 units trading and closed at $3.20.

Declines | Consolidated Bakeries traded 7,152 units at $1.10, down 5 cents; Caribbean Cream traded at a new all-time low of 75 cents for a fall of 5 cents with 12,445 shares trading and Blue Power with 254,500 shares to close at $9.01 for a 9 cents fall.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than the last selling price and 2 stocks with offers that were lower.

T&T take Carnival break

Monday, 3rd March, 2014 | No quite Breaking News as every Caribbean citizen knows that today is Carnival Monday! The Trinidad & Tobago Stock Exchange will be closed until Thursday, 6th March.

Let the road march begin!

JSE: 11 Declining stocks & 12 gained

Wednesday, 26th February 2014 | Trading on the Jamaica Stock market resulted in the prices of 12 stocks rising and 11 declining as 30 securities traded totalling 11,939,265 shares valued at $66,143,847.

National Commercial Bank. after trading $140,618,525 or 88 percent of the value of stocks on Tuesday, was the dominant again with $37,273,344 or more than half the value of stocks traded today.

Main Market | Nine companies in the main market advanced and 9 declined as the indices moved up marginally with the JSE Market Index up by 56.34 points to 79,208.99 and the JSE All Jamaican Composite index moved up 85.45 points to close at 84,045.57.

Gains | Stocks recording gains are Cable & Wireless, trading at a new intraday 52 weeks high of 41 cents, closing at 40 cents for another closing 52 weeks high of a one cent gain while trading 1,519,531 shares; Caribbean Cement closed at $4.80 as the price gained 10 cents with 65,916 units changing hands; Carreras traded only 600 units to close up by 40 cents at $35; Grace Kennedy had 5,150 units trading at $55 at the close with a 43 cents rise; Jamaica Broilers contributed 10,371 units as the price inched up 2 cents at $4.92; Jamaica Money Market Brokers 8.75% preference shares put on a cent to close at $3.01 with 349,400 units; National Commercial Bank had 1,960,431 shares trading at $19.01 at the close by putting on a cent; Pan Jamaican Investment had only 850 units trading as the price gained 74 cents to end at $48.80 and Scotia Group traded 264,133 units at $21.10 for a 53 cents gain at the end of trading ahead of the release this Thursday of the groups’ first quarter results to January.

JSEIndicesFeb26Firm | There were only two stocks in the main market to close without a price change. Desnoes & Geddes with 831,517 shares at $5 and Mayberry Investments with a mere 2,652 units at $1.90.

Proven Investments 8% preference shares traded 79,320 units and closed at $5.09.

Declines | The number of stocks that declined increased over Tuesday’s trading with Berger Paints losing 5 cents to end at $1.80 with 18,999 shares; Ciboney with 4,000 shares lost 4 cents to close at 6 cents; Hardware & Lumber 4,400 shares traded at $8, a decline of 20 cents; Jamaica Money Market Brokers with 16,267 shares lost 3 cents in closing at $7.45; Radio Jamaica had 3,100,000 shares changing hand and resulted in a 24 cents fall to $1.36; Sagicor Group 11,995 shares closed down 20 cents at $8.80; Sagicor Investments traded just 1,800 units and lost 90 cents in closing at $17.10; Scotia Investments lost 25 cents to close at $25.25 while trading 7,500 units and Seprod with 304,000 units lost 8 cents and closed at $10.92.

Junior Market | The JSE Junior Market Index declined by 2.16 points to close at 742.00 as 9 stocks traded with 3 advancing and 2 declining.

Gains | AMG Packaging traded 1,919 units to close at $3.55, up 5 cents; General Accident with 9,400 shares traded resulting in the price moving up 5 cents to $1.75; Paramount Trading put in 1,000 shares to close up 12 cents at $3.

Firm Trades | Derrimon Trading traded 1,670,000 units at $2.50; Lasco Manufacturing 338,154 shares at $1.20; Lasco Financial Services 10,000 shares at $1.30 and Honey Bun 5,500 units at $3.05.

Declines | Blue Power traded 251,000 units at $9.01 down a cent and Lasco Distributors had 1,093,460 shares changing hands at $1.30, off by a cent.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than the last selling price and 2 stocks with offers that were lower.