The Main Market of Jamaica Stock Exchange started the week on a negative note with declines in the major indices, even as advancing stocks edged out decliners.
At the close, JSE All Jamaican Composite Index declined 925.08 points to close at 554,382.32, the JSE Market Index dipped 825.96 points to 504,848.55 and the JSE Financial Index lost 1.22 points to close at 137.51.
The market closed with 42 securities changing hands in the main and US dollar markets with 12 advancing, 10 declining and 16 changing hands with prices unchanged. Main market activity ended with 38 securities accounting for 9,259,581 units valued at $124,781,798, in contrast to 20,866,388 units valued at $599,807,083 on Friday from 35 securities.
Jamaica Stock Exchange stock dominated trading with 2.9 million units for 31 percent of the day’s trade, Wigton Windfarm followed with 2.7 million shares for 29 percent of the day’s volume and Sagicor Select Funds was next with 1.8 million shares for 20 percent of traded volume.
The market closed with an average of 243,673 units valued at an average of $3,283,732 for each security traded, in contrast to 162,405 units at $2,587,368 on Friday. The average volume and value for the month to date amounts to 402,202 units valued at $5,897,793 and previously, an average of 429,709 units valued at $6,446,602 for each security changing hands. The market closed out November with an average of 653,621 units valued at $8,699,916 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 11 stocks ending with bids higher than their last selling prices and 9 with lower offers. The PE ratio of the market ended at 19.5, with the Main Market ending at 19.3 times 2019 current year’s earnings.
In the premier market segment, Eppley Caribbean Property Fund gained 50 cents to close at $38, with an exchange of 2,491 shares, Eppley closed 77 cents higher to end at $14.95 trading 695 units, Grace Kennedy climbed $1 to $66, in transferring 12,980 shares, Jamaica Producers lost 60 cents to settle at $24.40, after swapping 5,463 shares. Kingston Wharves gained $1.41 to close at $60.50, in swapping 2,929 units, Mayberry Investments rose to $9.84, after gaining 84 cents trading 200 units, Mayberry Jamaican Equities closed 94 cents higher at $13.09, with 350 shares changing hands, 138 Student Living closed 70 cents higher to $4.70, in swapping 21,300 shares. PanJam Investment lost 59 cents to settle at $101.41 after exchanging 6,229 units, Portland JSX closed a $7.90, after dropping $1.10 trading 23,728 stock units, Sagicor Group slumped of $4 to $66 in transferring 82,241 shares, Sagicor Real Estate Fund climbed $2.25 to end at $11 with 76,000 shares crossing the exchange. Scotia Group lost 98 cents to close at $57.01, in exchanging 21,180 shares, Seprod lost 50 cents in swapping 16,589 units, to end at $50 and Sterling Investments closed 45 cents lower to $3, with an exchange of 138,482 shares.
Trading in the US dollar market closed with 71,801 units valued at US$19,617, with the market index falling 2.84 points to 211.25. Proven Investments traded 44,986 to close at 32 US cents, Sygnus Credit Investments exchanged 12,020 shares at 14 US cents, Margaritaville Turks ended at 27 US cents, with 833 units changing hands and JMMB Group 6% preference shares closed at US$1.01, with 1,700 units crossing the exchange.
Gains for TTSE market – Monday
Market activity on the Trinidad & Tobago Stock Exchange ended Monday with 15 securities changing hands against 17 on Friday, with four stocks advancing, two declining and nine remaining unchanged.
At the close of the market, the Composite Index rose 4.73 points to 1,457.19. The All T&T Index gained 4.38 points to 1,827.44, while the Cross Listed Index added 0.69 points to close at 147.30 as two stocks closed at 52 weeks’ high and one ended at a 52 weeks’ low.
Investors traded 369,862 shares amounting to $5,832,895 compared to 790,993 shares amounting to $4,244,292 on Friday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at two stocks with bids lower than their last selling prices and one with a lower offer.
Gains| Clico Investment Fund concluded trading 2 cents and ended at $25, after exchanging 21,009 shares, First Citizens Bank gained $1 and settled at a 52 weeks’ high of $44, after trading 50 shares. NCB Financial added 10 cents and settled at $11.30, with 304,000 stock units changing hands and Republic Financial rose 5 cents and concluded trading of 7,687 stock units at a 52 weeks’ high of $130.15.
Losses| Calypso Micro Index Fund fell 5 cents in trading 920 shares and closed at $15.75 and One Caribbean Media closed 25 cents and ended at a 52 weeks’ low of $9.50, with 5,000 units.
Firm Trades| Ansa Mcal completed trading at $52.50, with 200 units crossing the exchange, Ansa Merchant Bank settled at $35.50, with 160 units trading, Massy Holdings closed at $59.75, with 327 stock units changing hands. National Enterprises ended at $5.55, with an exchange of 463 stock units, Scotiabank settled at $60, with 3,540 units, West Indian Tobacco concluded at $41, with 828 units crossing the exchange. Trinidad Cement completed trading at $1.95, after exchanging 1,000 shares, Trinidad & Tobago NGL traded 24,453 shares to close at $21.11 and Unilever Caribbean settled at $23.50, with investors swapping 225 units.
Prices of securities trading are those at which the last trade took place.
TTSE stocks closed down
Market activity on the Trinidad & Tobago Stock Exchange ended on Friday with trading in 17 securities against 12 on Thursday, with 3 stocks advancing, 6 declining and 8 remaining unchanged.
At the close of the market, the Composite Index lost 0.90 points to end at 1,452.63. The All T&T Index fell 2.47 points to 1,823.28, while the Cross Listed Index inched 0.08 points higher to close at 146.61.
Investors traded 790,993 shares amounting to $4,244,292 compared to 197,680 shares amounting to $2,775,811 on Thursday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at two stocks with bids lower than their last selling prices and one with a lower offer.
Gains| Guardian Holdings added 50 cents and ended at a 52 weeks’ high of $20.50, with investors exchanging 5,195 shares, JMMB Group rose 10 cents and ended at $2.50, after trading 631,311 shares and West Indian Tobacco gained 25 cents to end at $41, with 16,204 units crossing the exchange.
Losses|Clico Investment Fund ended trading 2 cents lower at $24.98, in swapping 2,861 shares, Ansa Mcal dropped $1.49 and completed trading at a 52 weeks’ low of $52.50, with 2,040 stock units changing hands. Massy Holdings closed with a loss of 25 cents and completed trading at $59.75, with 1,054 units crossing the exchange, National Flour closed 4 cents down at $1.36, with 15,876 stock units changing hands. NCB Financial dropped 10 cents and ended at $11.20, with 79,906 units and Trinidad & Tobago NGL declined 4 cents in trading 3,707 shares to close at $21.11.
Firm Trades| Ansa Merchant Bank settled at $35.50, after exchanging 637 shares, First Citizens Bank closed at $43, in trading 90 units, Guardian Media settled at $7.80, with 1,141 units changing hands, National Enterprises ended at $5.55, with 588 stock units trading. Republic Financial concluded trading of 832 stock units, at $130.10, Scotiabank settled at $60, after exchanging 6,959 shares, Trinidad Cement ended at $1.95 and completed trading of 20,025 units and Unilever Caribbean settled at $23.50, after exchanging 2,567 shares.
Prices of securities trading are those at which the last trade took place.
Five stocks at new 52 weeks’ high
West Indian Tobacco lost 25 cents to close at $40.75, with investors exchanging 16,782 shares, but the market closed with five securities ending at 52 weeks’ highs as year-end momentum starts gathering steam.
At the close, the Composite Index gained 8.62 points to 1,453.53 points. The All T&T Index rose 6.07 points to 1,825.75, while the Cross Listed Index added 1.53 points to close at 146.53. Trading ended with the prices of 7 stocks rising, one declined while four remained unchanged.
Investors traded 197,680 shares amounting to $2,775,811 from an exchange of 12 securities, against 15 on Wednesday, resulting in trading in 304,217 shares at $3,580,067.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at four stocks with bids lower than their last selling prices and 3 with lower offers.
Gains| Clico Investment Fund finished trading with 25,385 stock units and rose 55 cents close at $25, Guardian Holdings climbed $1 to settle at a 52 weeks’ high of $20, with 384 stock units trading, Massy Holdings closed with an increase of 25 cents at a 52 weeks’ high of $60, with 357 stock units changing hands. NCB Financial gained 30 cents and ended at a 52 weeks’ high of $11.30, with 15,200 units crossing the exchange, Republic Financial rose 10 cents to finish at a 52 weeks’ high of $130.10, with investors exchanging 566 shares, Scotiabank added 20 cents and ended at $60, with 1,396 stock units trading and Trinidad & Tobago NGL gained 3 cents in trading of 40,365 shares to close at $21.15
Losses| West Indian Tobacco shares fell 25 cents, completing trading at $40.75, with 16,782 units crossing the exchange.
Firm Trades| Ansa Merchant Bank ended at $35.50, in swapping of just five shares, First Citizens Bank closed at $43, in exchanging of 527 shares, JMMB Group settled at $2.40, with 96,614 stock units changing hands and Unilever Caribbean ended at $23.50, after trading 99 stock units.
Prices of securities trading are those at which the last trade took place.