Market activity on the Trinidad & Tobago Stock Exchange declined on Monday compared to Friday’s trading levels but the market ended with a 52 cents jump in the price of First Citizens Bank shares. At the close, 10 securities traded compared to 14 on Friday, with 2 advancing, 4 falling and 4 remaining unchanged.
Trading activity closed with 75,910 shares changing hands with a value of $5,054,214 in contrast to Friday’s volume of 383,440 with a value of $8,737,234.
The Composite Index added 2.44 points to 1,193.17 points, the All T & T Index closed 4.86 points higher to 1,809.73 points, down 7.12 percent year to date. The Cross Listed Index remained unchanged at 77.07 points with year to date gains of 55.67 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 4 stocks with bids higher than their last selling prices and 8 with lower offers.
Gains| First Citizens jumped 90 cents to close at $34.90 while trading 16,336 shares with a value of $563,885 and Republic Financial Holdings gained 50 cents to close at $109 with 29,164 shares having by bought by new owners, valued at $3,164,142.
Losses| Massy Holdings lost 2 cents and closed at $50.97, with 38 shares changing hands, Scotiabank closed at $58.50, down 19 cents with 385 shares changing ownership. Investors picked up just 1,970 shares of Trinidad & Tobago NGL at $22.46 after slipping by 3 cents and West Indian Tobacco closed with the loss of 1 cent at $126.99 with 1,000 shares changing hands.
Firm Trades| Stock trading with price unchanged at the close, are Ansa McAL with 17,307 shares at $61.94, Clico Investment having 1,135 shares changing hands at $22.60, JMMB Group closed at 90 cents with 4,721 shares switching owners and Sagicor Financial closed at $7.50 with 3,854 shares trading.
First Citizens jumps 90c on Monday
Juniors volume surge – Monday
The junior market index lost 10.44 points to end at 2,416.30 on Monday as the prices of 5 stocks rose and 5 declined with 17 securities trading, compared with 14 on Friday. The movement in the junior market index left the gain for the year to date at 35 percent.
The volume of stocks traded jumped sharply on Monday by 1,865 percent from Friday’s level and ending with 3,446,347 units changing hands, valued at $15,863,525, up 1,928 percent from $782,192 on Friday.
Market activities ended with 4 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
An average of 202,726 units with an average value of $933,149 traded, compared to 11,694 units with an average value of $52,146 on the preceding trading day. The average for the month to date is 113,520 units for an average of $633,167 compared to 52,146 units valued at $108,825 on Friday and 129,138 units with an average value of $709,705 for October.
Eppley ordinary stock split into 150 stock units for each one previously held is reflected in the price one junior market on Monday with the ex-stock split date being November 28. There was no trading in the stock by the close.
In trading activity, AMG Packaging dropped $2.20 and closed with 11,433 units changing hands to close at $18.75, Cargo Handlers traded 2,400 units at $12.50, Caribbean Cream closed with 5,769 shares changing hands and gained 25 cents to end at $7.25, Caribbean Producers rose 5 cents in trading 4,000 units at $3.45. Consolidated Bakeries lost 10 cents in trading 10,000 shares to close at $2.30, General Accident dropped 35 cents and closed trading with 113,300 units at $2.65, Honey Bun with 358,200 shares changing hands, closed at $5.50 after falling 10 cents. ISP Finance traded 28,623 shares to end at $8, Jamaican Teas traded 16,966 shares to close at $4.10, Jetcon Corporation closed with 149,100 units changing hands, 1 cent higher at $5.01, Key Insurance traded 21,100 shares with a rise of 15 cents to end at $2.50, Knutsford Express traded 750 units at $20. Lasco Distributors gained 20 cents with 8,000 shares changing hands, to close at $6.80, Lasco Financial rose 5 cents and ended with 202,636 shares changing hands at $3.20. Lasco Manufacturing closed with a loss of 1 cent at $4.69 with 2,507,570 shares changing hands, Paramount Trading with 5,000 units changing hands closed at $3.50 and tTech traded 1,500 shares but rose 50 cents to $5.50.
JSE main market up in morning trading
Trading on the Jamaica Stock Exchange resulted in the main market indices climbing while junior market index decline marginally in early Monday trading. With the exception of 3.3 million shares in 1834 Investments and 633,843 shares of General Accident trading was moderate.
A total of 20 securities traded of which 6 advanced and only 10 fell, resulting in a volume of 4,494,219 shares changing hands carrying a value of a $16,491,042 compared with 497,348 shares changing hands with a value of $2,887,938 on Friday. The average number of shares traded, amount to 224,711 units versus 22,607 units on Friday.
At 10:50 am the all Jamaica Composite Index jumped 675.21 points to 195,067.31 the Jamaica Stock Exchange Market Index climbed 603.76 points to 178,486.97, the Jamaica Stock Exchange combined index surged 491.73 points to close at 190,388.22 and the junior market index fell 6.64 points to end at 2,420.10.
J$ gains vs all in FX trading – Friday
The Jamaican dollar gained against the four major currencies in trading on Friday as volumes climb. Dealers bought the equivalent of US$43,223,641 of all currencies and sold US$46,444,892, compared to US$23,131,959 purchased and US$18,138,969 sold on Thursday.
In US dollar trading, dealers bought US$38,657,105 compared to US$19,995,977 on Thursday. The buying rate for the US dollar rose 34 cents to close at $128.49. A total of US$43,567,152 was sold versus US$17,183,431 on Thursday, with the selling rate falling a fraction of a cent, to just under $129.07. The Canadian dollar buying rate climbed 27 cents to $92.57, with dealers buying C$1,600,642 and selling C$1,365,863 at an average rate that fell 49 cents to $94.91. The average rate for buying the British Pound rose by 61 cents to $158.23 for the purchase of £2,256,134 while £992,218 was sold with a fall of $1.27 to end at $159.51.
At the end of trading on Friday, dealers sold €461,281 with the selling rate for the Euro, closing with a fall of $1.58 to $139.57, according to data from Bank of Jamaica. Dealers purchased €510,595 of the European common currency at $134.90 after jumping $4.36. The US dollar equivalent of other currencies traded, amounts to US$98,934 being bought and selling of US$162,509.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded currencies, in the foreign exchange market on Friday, include a drop in the lowest selling rate for the US dollar by $19.96, to $104.04. A rise of $1.45 in the highest buying rate for the Canadian dollar to $97.55. The highest selling rate for the British Pound declined by $2.96 to $164.98 and the highest buying rate for the Euro rose $1.60 to $135.80.
First Citizens jumps to $34
Trading activity closed with 383,440 shares changing hands with a value of $8,737,234, in contrast to Thursday’s volume of 513,946 with a value of $9,953,673.
The Composite Index declined 0.72 points to 1,190.73 points, the All T & T Index closed 0.27 points higher to 1,804.87 points, down 7.37 percent year to date. The Cross Listed Index declined 0.24 points to 77.07 points with year to date gains of 55.67 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 4 stocks with bids higher than their last selling prices and 9 with lower offers.
Gains| First Citizens jumped 98 cents to close at $34 while trading 42,311 shares with a value of $1,407,258 and Massy Holdings closed at $50.99, a gain of 2 cents with 3,000 shares changing hands.
< Strong> Losses| strong>National Commercial Bank lost 3 cents and closed at $2.87 with 60,750 shares trading, Republic Financial Holdings lost 50 cents to close at $108.50 with 20,000 shares having by bought by new owners, valued at $2,174,200. Scotiabank closed at $58.69, down 1 cent with 56,309 shares changing ownership with a value of $3,305,014 while investors picked up just 90 shares of Trinidad & Tobago NGL at $22.49 after slipping by a cent.
Firm Trades | Stock trading with price unchanged at the close, are Ansa McAL with 1,201 shares at $61.94, Clico Investment having 3,151 shares changing hands at $22.60, First Caribbean International Bank closed at $8.50 with 50,570 shares valued at $429,845. Grace Kennedy ended at $2.74 with 92,429 shares, Guardian Holdings closed at $12.90 with 387 shares changing hands, JMMB Group closed at 90 cents with a mere 99 shares switching owners, Sagicor Financial closed at $7.50 with 50,718 shares valued at $380,385 and West Indian Tobacco closed at $127 with 2,425 shares changing hands with a value of $307,975.
Juniors rise on low volumes – Friday
The volume of stocks traded declined sharply on Friday by 83 percent from Thursday’s level and ending with 175,408 units changing hands, valued at $782,192, down 85 percent from $5,281,239 on Thursday.
Market activities ended with 5 securities closing with bids higher than their last selling prices and 1 ending with a lower offer.
An average of 11,694 units with an average value of $52,146 traded, compared to 72,603 units with an average value of $377,231 on the preceding trading day. The average for the month to date is 52,146 units for an average of $108,825 compared to 114,221 units valued at $648,781 on Thursday and 129,138 units with an average value of $709,705 for October.
In trading activity, Caribbean Cream closed with 6,000 shares changing hands and lost 14 cents to $7, Caribbean Producers lost 5 cents in trading 200 units at $3.40, C2W Music traded 4,047 units at 25 cents, General Accident gained 15 cents and closed trading with 16,852 units at $3, Honey Bun with 8,500 shares changing hands, closed at $5.60. ISP Finance traded just 200 shares to end at an all-time high of $8, Jamaican Teas traded 1,340 shares to close at $4.10, with a rise of 11 cents.Jetcon Corporation closed with 1,900 units changing hands at $5, Key Insurance traded 6,783 shares with a gain of 20 cents to end at $2.35, Knutsford Express traded 934 units at $20, Lasco Distributors gained 20 cents with 2,200 shares changing hands, to close at $6.80, Lasco Financial rose 5 cents and ended with 6,860 shares changing hands at $3.20. Lasco Manufacturing closed at $4.70 with 105,000 shares changing hands, Paramount Trading gaine 40 cents with 8,894 units changing hands to close at $3.50 and tTech traded 5,698 shares but fell 75 cents to $5.
JSE climbs sharply in morning session
Trading on the Jamaica Stock Exchange resulted in the main market indices climbing sharply with a rise of $2 in the price of National Commercial Bank with just 1,000 shares changing hands, while junior market index inched up moderately.
A total of 22 securities traded of which 10 advanced and only 3 fell, resulting in a volume of a mere 497,348 shares changing hands carrying a value of a $2,887,938 compared with 3,513,020 shares changing hands with a value of $22,530,339 on Thursday at 11:30 AM. The average number of shares traded, amount to 22,607units versus 26,142 units on Thursday.
At 10:45 am the all Jamaica Composite Index jumped 1,480.50 points to 194,907.23 the Jamaica Stock Exchange Market Index climbed 1,323.83 points to 178,343.83, the Jamaica Stock Exchange combined index surged 1,288.80 points to close at 190,099.49 and the junior market index rose5.95 points to end at 2,404.92.
In trading Cable & Wireless had 185,639 units changing hands at 75 cents, Jamaica Stock Exchange traded 34,094 shares at $5.50, Radio Jamaica had 102,700 units changing hands at $1.35 and 138 Student Living Jamaica had 60,400 units trading at $5.