6 stocks rise on TTSE – Wednesday
The Composite Index rose 2.04 points to 1,206.16, the All T&T Index gained 1.11 points to 1,832.67 with a year to date loss at 5.94 percent. The Cross Listed Index advanced by 0.40 to end at 77.46 points with year to date gains of 56.45 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| Clico Investments Fund traded 2,000 units at $22.61 after adding 1 cent, First Citizens Bank had 5,214 units trading with a gain of 44 cents to end at $34.99, National Commercial Bank traded 145,444 units valued at $421,788 and gained 3 cents to end at $2.90. Sagicor Financial Corporation gained 7 cents to end at a 52 weeks’ high of $7.73 with 800 shares changing hands, Scotiabank gained 7 cents in trading 8,737 shares at $58.85 and Trinidad Cement traded 10,220 units with a rise of 10 cents to close at a 52 weeks’ high of $4.35.
Losses| Republic Financial Holdings with a volume of 8,193 shares valued at $888,448 being traded, closed with a loss of 1 cent at $108.44 and Trinidad and Tobago NGL fell 25 cents, in trading 6,476 shares at $21.
Firm Trades | Guardian Holdings traded 12,558 units to close at $12.65, JMMB Group traded 101,000 units to end at 89 cents, Massy Holdings contributed just 91 shares to end at $52 and LJ Williams ended with 17,300 B shares trading at 66 cents.
Venezuelan stocks lead with 95% in 2016
With just one week from the close of 2016, Venezuela Caracas Stock Exchange leads the world’s stock markets with year to date of 94.94 percent in the market Index, according to data reported on Bloomberg website.
Peru S&P/BVL LIMA 25 Index is next, with year to date return of 81.80 percent, Kazakhstan Stock Exchange Index KASE gained 57.16 percent up to Friday, December 23, while the return for S&P/BVL Peru General Index is up 56.71 percent. Jamaica Stock Exchange JSE index that topped the world in 2015, trails well behind the 2016 leaders with gain of just 20.8 percent year to date.
While the Venezuela stock market may record the highest gains in local currency for 2016, with inflation according to financial news network CNBC expected to hit 700 percent for 2016, the market may well end up being one of the worse performing.
2 stocks fell none rise on TTSE – Friday
Trading on the Trinidad & Tobago Stock Exchange on Friday resulted in 7 securities changing hands compared to 9 on Thursday. Market activity ended with no stock rising, 3 declining and 5 holding firm, with 414,785 shares being traded valued at $1,433,699 compared to 435,352 shares being traded valued at $9,756,871 on Thursday.
The Composite Index fell 1.56 points to 1,204.12, the All T&T Index lost 2.09 points to 1,831.56 with a year to date loss at 6 percent. The Cross Listed Index declined by 0.14 to end at 77.06 points with year to date gains of 55.65 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 7 stocks with bids higher than last selling prices and 7 with lower offers.
Losses| Angostura Holdings lost 50 cents with 36,443 shares valued at $546,651 closing at $15 and JMMB Group lost 3 cents in trading 353,350 units valued at $304,612 to end at 86 cents.
Firm Trades | FirstCaribbean International Bank ended with 3,500 shares being exchanged at $8.50, Guardian Holdings traded 3,782 units to close at $12.65, Massy Holdings contributed 9,199 shares valued at $478,348 to end at $52, National Commercial Bank traded 8,474 units at $2.87 and Scotiabank trades just 37 shares at $58.78.
Investors push Derrimon stocks up sharply – Friday
The Jamaica Stock Exchange, is seeing sparse trading, ahead of the Christmas holidays Thursday’s well below levels, leading to falls in the market indices in the morning session on Friday.
Investors pushed Derrimon Trading by 80 cents to $4.80 with 87,710 following the company’s report on Thursday that it will be making prepayment for 23,379,208 stock units in Caribbean Flavours. When purchased, Derimon would become the parent company having had just under 50 percent of the shares currently. This would require an offer being made to minority shareholders.
Market activity was moderate, resulting in only 20 securities trading at 10:45 am, compared to 15 on Thursday. A total of 9 securities advanced and 5 declined, resulting in a volume of 272,207 shares changing hands, carrying a value of $4,538,567, compared 904,871 shares changing hands, carrying a value of $7,114,541 on Thursday. The average number of shares traded, amount to 13,610 units versus 60,325 units on Thursday.
The all Jamaica Composite Index slipped 728.63 points to 202,396.49, the Jamaica Stock Exchange Market Index shed 651.53 points to 185,353.01, the Jamaica Stock Exchange combined index lost 556.28 points to be at 197,746.15 and the junior market index rose 4.66 to 2,516.51.