Junior Market trading rise prices fall

Trading on the Junior Market ended on Tuesday with prices of 10 securities rising, 15 declining and 3 remaining unchanged as the market Index slipped 8.19 points to close at 3,226.88.
The market closed with 28 securities changing hands, resulting in an exchange of 3,722,598 units valued at $11,406,185 compared to 3,592,718 units valued at $9,412,656 from 32 securities on Monday. The average PE Ratio of the market ended at 14 based on earnings for 2019.
Trading ended with an average of 132,950 units for an average of $407,364 in contrast to 112,272 units for an average of $294,146 on Monday. The average volume and value for the month to date amounts to 162,137 units valued at $628,523 and previously 164,155 units valued at $643,813. In contrast, December closed with an average of 521,319 shares at $1,344,719 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows seven stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Blue Power ended with a loss of 40 cents, in swapping 94,349 shares to close at $4, Caribbean Producers lost 8 cents in trading of 20,500 units at $4.80, Dolphin Cove declined 20 cents in exchanging 10,000 stock units at $11.40. Derrimon Trading closed 26 cents higher at $2.56, with 54,048 stock shares changing hands, Everything Fresh dipped 2 cents with 44,000 units crossing the exchange to end the day at $1.03, Elite Diagnostic fell 12 cents in trading of 105,109 units at $4.38. Fontana lost 7 cents trading 99,210 shares to close at $7.03, Fosrich shed 5 cents in swapping 12,700 units at $4.20, GWest Corporation closed 7 cents higher at $1.18, with 1,600 stock units trading. Honey Bun closed trading of 213,302 units and gained 30 cents to end at $8.50, iCreate closed 10 cents higher at 85 cents, with 207,261 stock units trading, Indies Pharma ended with a loss of 6 cents at $3 in the swapping of 6,964 shares, Jamaican Teas dipped 19 cents, trading 142,152 units at $6.50. Jetcon Corporation declined by 15 cents to settle at $1.50 with 11,497 shares crossing the exchange, Key Insurance ended trading with 512,969 shares, after rising 8 cents to end at $3.78, Knutsford Express closed trading of 987 units and gained 5 cents to end at $9.16. Lasco Distributors closed 1 cent higher at $3.17, with 36,799 stock units trading, Lasco Financial shed 28 cents in trading of 2,734 units at $4.02, Lasco Manufacturing climbed 17 cents and exchanged 101,737 shares at $4.48, Limners and Bards fell 14 cents in trading 29,418 units at $2.85. Lumber Depot declined 10 cents to settle at $1.70 while exchanging 491,831 units, MailPac closed trading of 740,424 units and gained 3 cents to end at $2.10. Main Event lost 10 cents in trading 49,160 shares to close at $6.40, Medical Disposables fell 89 cents in trading of 19,000 units at $6.70 and tTech ended exchanging 9,400 shares, after rising 10 cents to end at $5.60.

Prices of securities trading for the day are those at which the last trade took place.

Sharp surge in JSE Main Market

Kingston Wharves jumped $9.40 on Tuesday.

The major indices of the Jamaica Stock Exchange surged substantially at the close on Tuesday as Kingston Wharves led price movement with a gain of $9.40 and heavy weighted Scotia Group rose $1.
At the close, the JSE All Jamaican Composite Index soared 8,517.00 points to close at 552,549.31, the JSE Market Index surged 7,718.70 points to 503,194.75 and the JSE Financial Index rose 1.81 points to 136.17.
The market closed with 43 securities changing hands in the Main and US dollar markets with the prices of 15 advancing, 18 declining and 10 trading firm. The JSE Main Market activity ended with 41 securities accounting 35,465,290 units valued at $125,645,204 in contrast to 17,412,213 units valued at $219,477,578 from 42 securities on Monday.
Wigton Windfarm dominated trading with 22.2 million shares for 62 percent of total volume, followed by Sagicor Select Financial Fund with 6.2 million units for 17 percent of the day’s trade and Sagicor Select Manufacturing and Distribution Fund with 2.24 million shares for 6 percent of market share. QWI Investments with 1.56 million units changing hands was the only other company trading more than one million shares.
The Market closed with an average of 865,007 units valued at an average of $3,064,517 for each security traded, in contrast to 414,576 units valued at an average of $5,225,657 on Monday. The average volume and value for the month to date amounts to 551,005 units valued at $2,508,438 for each security changing hands, compared to 528,016 units valued at $2,464,544 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and three closing with lower offers. The PE ratio of the market ended at 19.8, while the Main Market ended at 19.1 times 2019 earnings.
In trading, Barita Investments closed $1 lower to $71, with an exchange of 8,804 units, Berger Paints lost 49 cents to end at $16.51, trading 14,350 shares, Caribbean Cement settled at $72, losing $1 in swapping 5,500 units. Carreras lost 31 cents to close at $7.98, with 364,936 shares changing hands, Grace Kennedy gained 50 cents after transferring 17,959 shares and ending at $72.50, Jamaica Broilers closed at $37, after losing $1 trading 77,652 shares. Jamaica Producers settled at $23, with a loss of $1.61 in swapping 132,056 units, Jamaica Stock Exchange added 88 cents and closed at $32.88, after exchanging 24,557 shares, JMMB Group gained 30 cents to close at $48.30 trading 77,725 shares. Kingston Wharves jumped $9.40 to $71, with 7,780 units changing hands, NCB Financial traded 39,634 units for a loss of 50 cents to settle at $189.50, PanJam Investment ended at $101, with a loss of $1 in trading 31,334 shares. Portland JSX closed 30 cents higher at $8, after swapping 1,500 units, Proven Investments added 50 cents to end at a record closing high of $49.50, with an exchange of 20,981 shares, Radio Jamaica lost 48 cents to settle at $1.41, with 246,227 shares changing hands. Sagicor Real Estate Fund ended 60 cents lower to close at $9 while trading 183,700 shares, Scotia Group added $1 to close at $57.50, after swapping 563,570 shares, Seprod dropped $2.95 to end at $47 while trading 11,255 units. Supreme Ventures tumbled to $21.02, after falling $3.98 and exchanging 56,530 shares, Sygnus Credit Investments closed $1.15 lower to $25.60, with 31,627 shares changing hands and Victoria Mutual Investments rose to a record high of $11.50, with a gain of 54 cents to end at $11.50, as 337,888 shares crossed the exchange.
Trading in the US dollar market ended with 25,611 units valued at over US$4,730. The market index climbed 4.19 points to close at 241.65. Proven Investments gained 1.5 US cents to close at 33 US cents trading 2,218 shares and Sygnus Credit Investments ended 2 US cents higher to settle at 17 US cents with 23,393 units changing hands.

Two TTSE stocks hit yearly high – Tuesday

First Citizens closed at a 52 weeks’ high on Tuesday.

The Trinidad & Tobago Stock Exchange closed higher on Tuesday after stocks gaining outnumbered declining ones with First Citizens Bank and Republic Financial ending at a 52 weeks’ high and One Caribbean Media closing at a 52 weeks’ low.
The market closed with on Tuesday with 16 securities trading, up from 15 on Monday, with five rising, two declining as the prices of nine closed unchanged.
The T&T Composite Index rose 2.89 points to 1,489.11. The All T&T Index gained 5.75 points to end at 1,891.44, while the Cross Listed Index remained unchanged at 147.23.
Trading resulted in an exchange of 206,400 shares, valued at $3,300,801 compared to 290,064 shares, amounting to $5,369,718 on Monday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than their last selling prices and two with lower offers.
Gains| Clico Investments gained 12 cents to close at $28.12, with 16,041 units crossing the exchange, First Citizens Bank rose by 5 cents and settled at 52 weeks’ high of $45.25, after exchanging 459 shares. Guardian Holdings increased 49 cents to $21.99, after trading 1,312 stock units, National Enterprises closed with a gain of 20 cents and closed at $5.70, with a transfer of 10,000 units and Republic Financial gained 26 cents and closed at a 52 weeks’ high of $136.01, with 14,857 units changing hands.
Losses| One Caribbean Media closed with a loss of 2 cents at 52 weeks’ low of $8.38 in swapping of 1,600 shares, while Trinidad & Tobago NGL traded 1,318 shares and fell 40 cents to close at $23.
Firm Trades| First Caribbean International Bank completed trading at $7.90, with 1,650 stock units changing hands, Grace Kennedy concluded at $3.90, with 29,079 units, JMMB Group ended at $2.70, with 26,000 units crossing the exchange. Massy Holdings closed at $62, with 2,727 units, National Flour ended at $1.40, with 94,213 units, Prestige Holdings settled at $8.90, swapping of 1,825 shares. Scotiabank ended at $62, with 2,136 units crossing the exchange, Trinidad Cement settled at $1.98, with 2,450 units changing hands and West Indian Tobacco traded 733 units at $41.20.

Prices of securities trading are those at which the last trade took place.

 

JSE Main Market loses ground – Monday

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Activity on the Jamaica Stock Exchange Main Market began the week with the major indices losing ground with rising stocks edging out declining ones.
At the close, the JSE All Jamaican Composite Index declined 2,332.11 points to close at 544,032.31, the JSE Market Index dropped 2,102.93 points to 495,476.05 and the JSE Financial Index lost 1.18 points to 134.33.
Grace Kennedy and Jamaica Producers lost $5 and $2.39, respectively, at the same time, Kingston Wharves jumped $5.57, Jamaica Stock Exchange climbed $3.14 and Caribbean Cement was up $2 to be some of the more significant movers at the close of trading.
The market closed with 46 securities changing hands in the Main and US dollar markets with the prices of 19 advancing, 16 declining and 11 trading firm. The JSE Main Market activity ended with 42 securities accounting 17,412,213 units valued at $219,477,578 in contrast to 18,625,847 units valued at $90,035,262 from 43 securities on Friday.
 Sagicor Select Financial Fund dominated trading with 5.65 million shares for 32 percent of total volume, followed by Wigton Windfarm with 3.45 million units for 20 percent of the day’s trade and Sagicor Select Manufacturing and Distribution Fund with 2.64 million shares for 15 percent market share. Other stocks trading more than one million shares were Grace Kennedy with 1.25 million shares and QWI Investments with 1.44 million units.
The market closed with an average of 414,576 units valued at an average of $5,225,657 for each security traded, in contrast to 433,159 units valued at an average of $2,093,843 on Friday. The average volume and value for the month to date amounts to 528,016 units valued at $2,464,594 for each security changing hands, compared to 537,214 units valued at $2,221,990 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and one closing with lower offers. The PE ratio of the market ended at 19.9, while the Main Market ended at 19.2 times 2019 earnings.
In the prime market, Barita Investments lost 50 to close at $72 in trading 8,851 units, Berger Paints closed 85 cents lower to $17, with an exchange of 900 shares, Caribbean Cement gained $2 to settle at $73, with 7,203 stock units changing hands. Eppley Caribbean Property Fund rose 98 cents to $38, in swapping 3,200 shares, Grace Kennedy dropped $5 to end at $72, after transferring 1,248,922 shares, Jamaica Broilers closed at $38, after losing $1 in trading 2,849 shares. Jamaica Producers settled at $24.61, with a loss of $2.39 in swapping 21,511 units, Jamaica Stock Exchange advanced by $3.14 to $32, in exchanging 56,550 shares, JMMB Group lost 45 cents to close at $48, with 107,892 shares changing hands. Kingston Wharves climbed $5.57 to $61.60, in transferring 32,070 units, Mayberry Jamaican Equities ended 31 cents lower at $11.01, with an exchange of 22,155 shares, 138 Student Living gained 42 cents to settle at $4.22 trading 3,000 shares. PanJam Investment ended at $102, with a gain of $1 after exchanging 8,876 shares. Portland JSX lost $1.29 to end at $7.70, with 92,980 shares changing hands, Proven Investments gained $1 to $49, after transferring 29,275 shares, Sagicor Real Estate Fund ended 55 cents higher to close at $9.60 after trading 7,657 stock units. Scotia Group added 50 cents to settle at $56.50, with 91,557 shares changing hands, Supreme Ventures ended at $25, gaining $1 exchanging 54,697 shares, Victoria Mutual Investments closed 36 cents higher at $10.96, after swapping 334,266 shares and Wisynco Group rose $1 to $23, in trading 74,342 units.
Trading in the US dollar market ended with 395,007 units value US$115,375. The market index plunged 10.07 points to close at 237.46. Margaritaville traded 251,150 shares and declined marginally from 34 US cents to 33.99 US cents, Proven Investments closed 2.5 US cents lower to 31.55 US cents, after swapping 13,933 shares. Sygnus Credit Investments lost 3 US cents in exchanging 126,766 units to close at 15 US cents, and JMMB Group 5.75% preference share remained unchanged at US$1.72, after trading 3,158 units.

Junior Market index rises – Monday

Trading on the Junior Market of the Jamaica Stock Exchange ended on Monday with Market Index advanced by 26.06 points to close at 3,235.07 from an equal number of stocks rising and falling.
At the close of market activities, the prices of 15 securities advanced, 15 declined and two remained unchanged, resulting in the average PE Ratio ending at 14.2 times earnings for 2019
Market activity ended with 32 securities changing hands and an exchange of 3,592,718 units valued at $9,412,656, compared to 4,639,848 units valued at $13,835,204 from 33 securities on Friday.
Trading ended with an average of 112,272 units for an average of $294,146 in contrast to 140,601 units for an average of $419,249 on Friday. The average volume and value for the month to date amounts to units 164,155 valued at $643,813 and previously 168,606 valued at $673,811. In contrast, December closed with an average of 521,319 shares at $1,344,719 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows six stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of the market, Access Financial lost $1.60 trading 1,414 shares to close at $30.50, AMG Packaging ended with a loss of 1 cent at $2.01 with 71,183 stock units changing hands, Blue Power closed 1 cent higher at $4.40, with an exchange of 20,241 stock units. CAC 2000 climbed $1.50 to settle at $15 with 13,500 shares changing hands, Caribbean Flavours gained $1.98 to end at $17 with 802 stock units trading, Derrimon Trading dipped 28 cents in transferring 17,446 units at $2.30, Dolphin Cove ended with a loss of 1 cent at $11.60 with 1,001 stock units changing hands. Elite Diagnostic traded 35,800 shares, after rising 12 cents to finish at $4.50, Everything Fresh ended with a loss of 1 cent at $1.05 with 35,600 stock units crossing the exchange, Express Catering climbed 10 cents and exchanged 250 shares at $6.60. Fosrich ended trading with 19,641 shares, after rising 15 cents to end at $4.25, Fontana fell 4 cents in with 88,457 units changing hands at $7.10, General Accident dipped 39 cents in trading 31,568 units at $6.36. Honey Bun climbed 19 cents, exchanging 5,339 shares at $8.20, iCreate ended market activity trading 401,583 shares to close at 75 cents after falling 10 cents, Indies Pharma dipped 4 cents to $3.06 in swapping 513,785 units. Jamaican Teas ended market activity, exchanging 140,915 shares to close at $6.69 after falling 19 cents, Jetcon Corporation climbed 20 cents and traded 55,131 shares at $1.65, Key Insurance ended market activity, with 18,397 shares crossing the exchange to close at $3.70 after falling 10 cents, KLE Group finished trading with 319,823 shares, after rising 6 cents to end at $2.10. Knutsford Express dropped 84 cents in transferring 2,033 units at $9.11. Lasco Distributors fell 13 cents and completed market activity exchanging 79,999 shares to close at $3.16, Lasco Financial lost 10 cents trading 52,450 stock units to close at $4.30, Lasco Manufacturing climbed 15 cents and exchanged 98,768 shares at $4.31. Limners and Bards ended with a loss of 1 cent at $2.99, with 28,873 stock units changing hands. Lumber Depot climbed 19 cents and exchanged 1,018,540 shares at $1.80, MailPac rose 2 cents in transferring of 459,048 shares at $2.07. Main Event ended trading with 2,740 shares, after rising 10 cents to $6.50, Medical Disposables closed 59 cents higher at $7.59, with 2,433 stock units trading and Paramount Trading closed with 15,041 units changing hands and gained 20 cents to end at $1.90.

Prices of securities trading for the day are those at which the last trade took place.

TTSE trading ends at 5 all – Monday

Trinidad & Tobago Stock Exchange Head Quarters

The Trinidad & Tobago Stock Exchange closed higher on Monday after an equal number of stocks recorded gains and losses with the volume and value of shares traded remaining close to Friday’s levels.
The market closed with 15 securities trading, with five gaining, five declining as the prices of five closed unchanged, with Guardian Media ending at a 52 weeks’ low.
The T&T Composite Index gained 5.86 points to close at 1,486.22. The All T&T Index rose 2.54 points to 1,885.69, while the Cross Listed Index added 1.26 points to close at 147.23.
Trading resulted in an exchange of 290,064 shares, valued at $5,369,718, compared to 237,058 shares, valued at $5,808,030, from 16 securities on Friday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of six stocks higher than their last selling prices and two with lower offers.
Gains| JMMB Group increased 4 cents and settled at $2.70, after exchanging 76,185 shares, National Flour rose of 5 cents in trading with 3,445 units at $1.40, NCB Financial traded 59,818 units and rose 15 cents to end at $11.15. Scotiabank climbed $1settled at $62, with 12,529 stock units trading and West Indian Tobacco rose 20 cents to $41.20, with 850 units crossing the exchange.
Losses| Clico Investments fell 10 cents and ended at $28, with a transfer of 98,961 units, Angostura Holdings closed with a loss of 3 cents at $16.17, with an exchange of 1,250 units, Guardian Holdings fell 10 cents to end at $21.50, with 2,807 units crossing the exchange. Guardian Media closed 50 cents lower to a 52 weeks’ low of $7, with 7,241 stock units changing hands while Trinidad & Tobago NGL traded 189 shares and fell 5 cents to close at $23.40.
Firm Trades| Agostini’s traded just 42 units at $25, First Caribbean International Bank settled at $7.90, after transferring 1,000 stock units, Massy Holdings ended at $62, with investors exchanging 11,591 shares, Point Lisas closed at $3.55, in swapping 11,692 shares and Trinidad Cement ended at $1.98, with investors exchanging 2,464 shares.

Prices of securities trading are those at which the last trade took place.

Carreras & Medical Disposable lead TOP 10

The past week saw significant fluctuations in prices of several stocks, leading to notable declines in the market indices of the Junior and Main Market and resulting in some changes in the TOP 10 stocks.
The Junior Market lost General Accident and Lasco Distributors and welcomed back Jetcon Corporation and Dolphin Cove. In the JSE Main Market, the price of NCB Financial fell to $190, with the stock edging out Pulse Investments in the process.
The JSE Main Market ended the week, with an overall PE of 21.1 and the Junior Market 14.2, based on current 2019 earnings. The PE ratio for Junior Market Top 10 stocks averages 9.2 with the Main Market at 11.1.
The targeted average PE ratio is 25, with several stocks trading at that level or just under, in 22 times region, currently. The TOP 10 shares now trade at a discount of 35 percent of the average for Junior Market and Main Market stocks trade at a discount of 47 percent to the overall market.
The average projected gain for the IC TOP 10 stocks is 177 percent for the Junior Market and 129 percent for the JSE Main Market, based mostly on 2019 earnings.
The top three Junior Market stocks are Medical Disposables with projected gains of 257 percent, followed by Main Event with 232 percent and Jamaican Teas is in the third spot with 187 percent likely capital gain, with the price pulling back from $7.40 at the start of the week to $6.98 at the close. During the week, Jamaican Teas announced a three for one stock split, subject to approval by shareholders.
During the week, Sygnus Credit Investments US dollar-based stock that surged to number one spot on the Jamaican Stock Exchange Main Market at the end of the prior week climbed to 18 US cents and moved to the sixth position. Carreras now leads the TOP 10 Main Market stocks with projected gains with 176 percent, followed by Radio Jamaica in the number two spot, with 166 percent and Berger Paints with 152 percent.
IC TOP 10 stocks are likely to deliver the best returns to March this year. Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. The stocks are ranked in the order of likely increases, with the highest-ranked, being the most attractive. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

Persons who compiled this report may have an interest in securities commented on.

JSE majors drop 6,300 points this week

The Main Market indices on the Jamaica Stock Exchange ended the week on Friday, with another round of losses with the market closing down on Friday at the end of a volatile week.
At the close, the JSE All Jamaican Composite Index dropped 2,369.39 points to close at 546,364.42, with a drop of 6,296 points for the week. The JSE Market Index declined 2,098.74 points to 497,578.98, leading to a decline of 5,758 points for the week and the JSE Financial Index lost 0.81 points to 135.51.
The market closed with 50 securities changing hands in the Main and US dollar markets with the prices of 18 advancing, 20 declining and 12 trading firm. The JSE Main Market activity ended with 43 securities accounting 18,625,847 units valued at $90,035,262 in contrast to 28,467,668 units valued at $102,258,217 from 42 securities on Thursday. JMMB Group 7.25% preference share closed at a 52 weeks’ low of $1.45.
Wigton Windfarm dominated trading with 6.5 million shares for 35 percent of total volume, followed by Sagicor Select Financial Fund with 5 million units for 27 percent of the day’s trade and QWI Investments with 2.2 million shares for 12 percent of the market’s volume. The only other stock trading more than one million shares was Sagicor Select Fund – Manufacturing and Distribution, with 1.2 million units.
The Market closed with an average of 433,159 units valued at an average of $2,093,843 for each security traded, in contrast to 662,039 units valued at an average of $2,378,098 on Thursday. The average volume and value for the month to date amounts to 537,214 units valued at $2,21,990 for each security changing hands, compared to 546,633 units valued at $2,234,657 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and two closing with lower offers. The PE ratio of the market ended at 19.7, while the Main Market ended at 18.8 times the 2019 earnings.
In the prime market, Barita Investments closed 50 cents lower to $72.50, with an exchange of 175,838 units, Berger Paints gained 85 cents to end at $17.85, with 3,139 shares changing hands, Caribbean Cement dropped $2.45, settling at $71 in trading 4,824 shares. Eppley closed 60 cents higher at $15, after transferring 3,675 units, Grace Kennedy slipped $1 to close at $77, in swapping 107,380 shares, Jamaica Broilers closed $2.90 higher to $39 after exchanging 2,050 shares. Jamaica Producers Group gained $2.47 to end at $27 trading 200 units. MPC Caribbean Clean Energy advanced $16 to $231, with 100 units changing hands, NCB Financial Group lost $3 in transferring 72,880 shares to close at $190, after trading as low as $175.01, 138 Student Living lost 42 cents to settle at $3.80, in swapping 93,977 shares. PanJam Investment ended at $101, with a gain of 45 cents trading 1,772 shares, Proven Investments declined $1.95 to $48, after 19,016 units changed hands, Pulse Investments closed at $6.50, with a loss of 59 cents in transferring 235,665 shares. Sagicor Real Estate Fund lost 84 cents in swapping 22,301 shares, and ending at $9.05, Scotia Group added $1 to close at $56, with 145,825 shares changing hands, Seprod gained $1.99 and ended at $49.99, after trading 117,955 shares. Supreme Ventures gained $1 to end at 24.00 with 12,840 stock units trading, Sygnus Credit Investments slid to $26.50, after losing 50 cents and transferring 25,616 shares and Wisynco Group dropped $1.25 to end the day’s trade at $22, in swapping 134,384 shares.
Trading in the US dollar market ended with 316,904 units valued at over US$112,316. The market index advanced 12.02 points to close at 247.53. Margaritaville lost 1 US cent in an exchange of 125 units at 34 US cents, Proven Investments gained 2 US cents to close at 34 US cents, after exchanging 311,898 shares, Sygnus Credit Investments traded 1,625 units at 18 US cents, Sterling Investments closed at 3 US cents with 918 units changing hands,
In the preference section of the US dollar market, JMMB Group 5.75% swapped 1,030 units, gaining 2 US cents to end at US$1.52, JMMB Group 6% settled at US$1.05, after rising 5 US cents trading 866 shares and JMMB Group 5.75% lost 30 US cents to settle at US$1.72, after an exchange of 442 units.

Trading picks up on Junior Market – Friday

Trading on the Junior Market of the Jamaica Stock Exchange finished on Friday with 33 securities changing hands, with an increased volume of 4,639,848 units valued at $13,835,204 compared to 3,359,389 units valued at $10,159,585 from 37 securities on Thursday.
At the close of market activities, the prices of 17 securities advanced, 11 declined and 8 remained unchanged, with 33 changing hands, resulting in the Junior Market Index falling by a mere 2.17 points to close at 3,209.01.  The market closed, with the average PE Ratio ending at 14 earnings for 2019.
Trading ended with an average of 140,601 units for an average of $419,249 in contrast to 101,800 units for an average of $307,866 on Thursday. The average volume and value for the month to date amounts to units 168,606 valued at $673,811 and previously 171,324 valued at $698,518. In contrast, December closed with an average of 521,319 shares at $1,344,719 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows five stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of the market, Access Financial dipped 20 cents in trading 10,601 units at $32.10, AMG Packaging slipped 5 cents in exchanging 1,346,609 units at $2.02, Blue Power ended with a loss of 1 cent at 4.39 with 4,536 stock units changing hands. Caribbean Cream ended market activity exchanging 11,377 shares to close at $3.60 after falling 41 cents, Caribbean Producers climbed 7 cents after an exchange of 24,182 shares at $4.88, Consolidated Bakeries traded 8,000 shares, after rising 5 cents to end at $1.65. Dolphin Cove closed with 3,001 units crossing the market and gained 81 cents to end at $11.61. Elite Diagnostic lost 47 cents with 5,000 units changing hands at $4.38, Everything Fresh closed 1 cent higher at $1.06, with the of trading 352,400 stock units, Express Catering ended with 139,578 shares changing hands, after rising 40 cents to end at $6.50. Fosrich shed 30 cents in trading 21,895 units at $4.10, Fontana closed 14 cents higher at $7.14, with 380,369 stock units changing hands, GWest Corporation closed 1 cent higher at $1.11, in transferring 4,182 stock units. Honey Bun lost 29 cents in trading 63,649 shares to close at $8.01, iCreate climbed 2 cents and exchanged 266,130 shares at 85 cents. Indies Pharma gained 18 cents to close at $3.10, with the trading of 51,726 stock units, Iron Rock Insurance exchanged 35,850 units and gained 20 cents to end at $4, Jamaican Teas closed trading of 243,285 units and rose 23 cents to end at $6.88. Jetcon Corporation closed 5 cents higher at $1.45, trading 44,975 stock units, Knutsford Express ended market activity, exchanging 30,250 shares to close at $9.95 after falling 5 cents. Lasco Distributors rose 13 cents to close $3.29, with 85,000 stock units changing hands, Lasco Financial closed 30 cents higher at $4.40, with 29,850 stock units trading. Lasco Manufacturing climbed 5 cents and exchanged 21,300 shares at $4.16, Limners and Bards gained 25 cents and exchanged 87,009 shares at $3, Mailpac Group lost 5 cents in trading 332,699 shares to close at $2.05. Main Event ended 33 cents higher at $6.40, with 5,570 stock units crossing the exchange, Paramount Trading fell 3 cents in trading of 237,730 units at $1.70 and SSL Venture lost 4 cents in transferring 121,000 units at $1.20.

Prices of securities trading for the day are those at which the last trade took place.

Stocks closed higher on TTSE trading – Friday

First Citizens Bank closed at a 52 weeks’ high on TTSE on Friday.

Trading closed on the Trinidad & Tobago Stock Exchange on Friday with rising stocks just edging out declining ones and leading to modest gains in the market indices.
The market closed with 16 securities trading, with six gaining, five declining as the prices of five closed unchanged after First Citizens Bank ended at a new 52 weeks’ high.
The T&T Composite Index rose 1.22 points to end at 1,480.36. The All T&T Index gained 2.02 points to 1,883.15, while the Cross Listed Index inched 0.05 points to close at 145.97.
Trading resulted in an exchange of 237,058 shares, valued at $5,808,030, compared to 223,638 shares, valued at $5,221,135, from 17 securities on Thursday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of five stocks higher than their last selling prices and two with lower offers.
Gains| Clico Investments rose 10 cents and ended at $28.10, with an exchange of 11,640 units, Angostura Holdings added 4 cents and ended at $16.20, in swapping 6,210 shares, First Citizens Bank increased 5 cents and settled at a 52 weeks’ high of $45.20, trading 1,600 stock units. Guardian Holdings added 10 cents and ended at $21.60, with 8 stock units changing hands, JMMB Group closed with an increase of 1 cent to close at $2.66, with 1,056 units crossing the exchange and Trinidad & Tobago NGL closed trading of 5,804 shares and rose 45 cents to close at $23.45.
Losses| Ansa McAl shares fell 5 cents and completed trading of 23,629 shares at $55.25, National Flour closed with a loss of 5 cents and closed at $1.35, with 100,000 units exchanging hands, Scotiabank ended with a loss of 1 cent at $61, with 51,286 units crossing the exchange. West Indian Tobacco shed 20 cents and completed trading 2,481 units at $41 and Unilever Caribbean dropped 10 cents and settled at a 52 weeks’ low of $22.15 in swapping 2,742 shares.
Firm Trades| Agostini’s traded just 5 units at $25, Massy Holdings completed trading at $62, with 20 units, National Enterprises settled at $5.50, with 20 units changing hands, NCB Financial ended trading of 29,757 shares at $11 and Republic Financial closed at $135.75, with investors exchanging 800 units.

Prices of securities trading are those at which the last trade took place.