7 junior stocks rise 8 fall – Tuesday
At the close of market activities, the prices of 7 advanced, 8 declined and 5 remained with prices unchanged and led to the market index dropping 43.07 points to 3,032.34. One stock ended at a 52 weeks’ closing low and one traded at an intraday low.
Trading ended with an average of 44,523 units for an average of $184,949 in contrast to 495,658 units for an average of $1,952,714 on Monday. The average volume and value for the month to date amounts to 192,151 units valued at $794,363, compared to 265,965 units at an average value of $1,099,070 on the previous trading day. In contrast, August closed with average of 234,437 units at an average $1,295,260 for each security traded.
Trading ended with the market sentiments looking positive for Wednesday’s activity as 9 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market the volume of stocks changing hands and their last traded price are: Access Financial that settled $2.80 higher to $49 with 2,869 shares changing hands, AMG Packaging ended at $3 with 3,500 stocks, CAC 2000 finished at $8 with 10,000 shares, Caribbean Cream ended with a loss of 25 cents at $6.60, with 1,039 stock units, Caribbean Flavours traded 10 cents higher at $11.80 with 425 shares, Derrimon Trading settled with a loss of 90 cents at $7, with 2,000 units, Express Catering concluded trading with a loss of 30 cents at $4.20, with 88,763 stock units, General Accident ended 2 cents higher at $2.82 with 14,021 units, Honey Bun traded at an intraday low of $3 before recovering to close at $4 with 23,137 shares changing hands, Iron Rock finished 2 cents higher at $2.90 with 50,183 stocks, Jetcon Corporation lost 50 cents to $4.10 with 20,583 units, KLE Group ended 7 cents higher at $3.27 with 79,648 stock units. Knutsford Express concluded market activity with a loss of 99 cents at $14, with 1,348 units changing ownership, Lasco Distributors ended at $6.90 with 42,931 units, Lasco Financial concluded trading with a loss of 35 cents to $3.50 with 283,782 stock units, Lasco Manufacturing concluded with a loss of 30 cents, to a 52 weeks’ low of $4 with 35,718 units traded, but fell as low as $3.80 during the day. Main Event ended 50 cents higher at $5 with 15,190 shares, Stationery and Office settled with a loss of 15 cents, at $4.05 with 209,557 stocks trading, tTech settled 45 cents higher at $6.50 with just 300 units and Derrimon Trading concluded trading at $2 with 5,465 units.
Trading jumps sharply on TTSE – Tuesday
Trading picked up strongly on the Trinidad & Tobago Stock Exchange on Tuesday as 16 securities changed hands compared to 13 on Monday leading to 1,180,284 units valued at $18,912,930.
Monday’s trading resulted in only 147,790 units valued at $1,500,893. On Tuesday trading was dominated by Massy Holdings with 55 percent of the value of stocks that traded followed by Sagicor Financial with 20 percent as 6 stocks advanced, 3 declining and 7 remained unchanged.
The Composite Index rose 1.45 points to 1,241.54, the All T&T Index gained 0.04 points to 1,788.96 and the Cross Listed Index added 0.39 points to 93.23 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 2 stocks with bids higher than last selling prices and 4 with lower offers.
Gains| The last traded prices of the securities rising and the volume changing hands are Agostini’s gaining 50 cents to close at a 52 weeks’ high of $20.51 with 1,621 shares, First Citizens closed at $31.68, with a 1 cent gain in trading 7,969 shares, NCB Financial Group closed 5 cents and closed back at a recent 52 weeks’ high of $5.05 with 180,000 shares valued at $907,000. Republic Financial Holdings ended with a gain of 1 cent, in closing at $101.91 with 55 shares, Sagicor Financial advanced 20 cents to $8.50 with 452,106 shares valued at $3,840,314 and Scotiabank traded 2,575 shares at $58.03, having gained 1 cent.
Losses| The last traded prices of securities declining with volume changing hands are Ansa McAL trading 20 cents lower to $65.80 with 1,000 shares, JMMB Group with a loss of 1 cent to close at $1.30 with 1,930 shares and West Indian Tobacco with a loss of 2 cents, closed at a 52 weeks’ low of $125.47 with 490 shares.
Firm Trades| The last traded prices of securities remaining unchanged and the volume trading are Clico Investments that closed at $20.60 with 27,562 shares valued at $567,761, First Caribbean International exchanged 154,417 shares at $8 valued at $1,235,336, Grace Kennedy traded 51,000 shares at $2.85. Massy Holdings held firm at $48.92 with 211,025 shares valued at $10,323,313, Prestige Holdings closed at $10.65 with 2,739 shares, Scotia Investments remained at $2.20 with 30,000 shares and Trinidad & Tobago NGL exchanged 55,795 shares at $22 valued at $1,227,490.
JSE AJI breaks 290,000 points
Helped by a jump of $2.99 in the price of Scotia Group shares in the early morning session on Tuesday to reach a record $54.99, the All Jamaica Composite Index is up to record levels, breaking through the critical resistance of 290,000 points.
The move today have lifted the gains in All Jamaica by an impressive 38 percent for year to date. If the market continues to hold above the 290,000 points mark, it could be setting up for a huge rally ahead with no major resistance levels in sight for sometime to come.
The market index sits just above the resistance level, having exceeded the level at 10.30 earlier in trading today before Scotia Group price fell back to $51.60, after trading just 2,384 shares for the day so far.
At 10:30am, the All Jamaica Composite Index rose 2,173.29 points to 290,234.60, the JSE Market Index rose 1,980.12 points to 264,436.58 and the JSE US dollar market index remained at 198.22 and the Junior Market lost 4.13 points to 3,071.28.
4 stocks closed at 52 weeks’ lows
In trading on the Trinidad & Tobago Stock Exchange, 4 stocks closed at 52 weeks’ lows on Monday, as 13 securities changed hands compared to 8 on Friday. The market ended with 147,790 shares traded valued at $1,500,893 compared to Friday’s 191,728 units valued at $1,095,850.
The market closed with 1 stock advancing, 4 declining and 8 holding firm, leading to the Composite Index declining 0.32 points to 1,240.09. The All T&T Index dropped 1.14 points to 1,788.92 and the Cross Listed Index added 0.07 points to 92.84 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 6 with lower offers.
Gains|Scotia Investments gained 8 cents in trading at $2.20 at the close with 6,000 shares changing hands.
Losses| The last traded prices of securities declining and the volume changing hands are, Clico Investment trading 10 cents lower to a 52 weeks’ low of $20.60 with 24,878 shares valued at $512,487. One Caribbean Media declined 40 cents to a 52 weeks’ low of $14.50 with just 68 shares, Republic Financial Holdings ending with a loss of 10 cents, closed at a 52 weeks’ low of $101.90 with 1,140 shares and Unilever Caribbean closed at a 52 weeks’ low of $50.50, having lost 48 cents trading a mere 16 shares.
Firm Trades| The volume and last traded prices of securities trading unchanged at the close of trading are, First Citizens closing at $31.67 with 1,491 shares, Grace Kennedy exchanging 6,235 shares at $2.85. Guardian Holdings held firm at $16.60 with 7,014 shares, Massy Holdings traded 69 shares at $48.92, NCB Financial Group remained at $5 with 91,094 shares valued at $455,470, Prestige Holdings closed at $10.65 with 200 shares, Scotiabank ended at $58.02 with 110 shares and Trinidad & Tobago NGL exchanged 9,475 shares at $22.
Trinidad stocks still drifting
The Trinidad & Tobago Stock Exchange resumed trading on Friday, after the break for the country’s Independence Day on Thursday. At the close 8 securities changed hands compared to 16 on Wednesday.
The market closed with 1 stock advancing, 2 declining and 5 holding firm as 191,728 shares valued at $1,095,850 traded, compared to Wednesday’s 256,519 units valued at $2,932,389.
The Composite Index declined 0.08 points to 1,240.41, the All T&T Index slipped 1.15 points to 1,790.06 but the Cross Listed Index gained 0.14 points to 92.77 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer continued to reflect negative investors sentiments with 4 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| JMMB Group was the sole security rising at the close and ended with a gain of 3 cents, to closed at $1.31, with 105,000 shares.
Losses| Clico Investment lost 4 cents to end at a 52 weeks’ low of $20.70 with just 100 shares changing hands and Trinidad & Tobago NGL declined 49 cents to end at $22 with 31,945 shares valued at $702,790.
Firm Trades| The last traded prices of securities and the volume traded unchanged at the close of trading are Guardian Holdings closing at $16.60 with 148 shares, National Enterprises trading 295 shares at $10.47, NCB Financial Group holding at $5 with 11,480 shares, Sagicor Financial ending at $8.30, with 2,687 shares while Trinidad Cement exchanged 40,073 shares at $4.20.