Trinidad and Tobago stock market ended Thursday with 13 securities trading of which 1 gained, 3 declined and 9 remained unchanged. Trading ended with increased volume and value as Clico Investment Fund dominated trading in dollar terms with the fund accounting for $6 million of the total amount traded.
Trading activity resulted in 306,294 shares valued at $6,838,267 changing hands, compared to 127,817 shares valued at $1,315,583 on Wednesday.
The market closed with modest movements in the indices, with the Composite Index declining by 0.23 points to close at 1,172.02. The All T&T Index closed with a loss of 0.13 points at 1,819.71 and the Cross Listed Index fell by 0.05 points to 69.91 points and is up 41.3 percent year to date.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with bids higher than their last selling prices and 5 with lower offers.
Gains| Asna McAl traded 10,163 shares valued at $636,984 and gained 5 cents to end at $62.70.
Losses| First Citizens Bank traded 2,050 shares and lost 3 cents to close at $34.95, Massy Holdings ended with 200 shares changing hands at $51.99 after losing a cent and Republic Financial Holdings ended with 50 shares trading, with a loss of 2 cents at $110.98.
Firm Trades| Angostura Holdings ended with 1,200 shares changing hands to close at $14.65, Clico Investment Fund closed with 266,311 shares valued at $6,018,629 changing hands to end at $22.60, National Commercial Bank closed at $2.60 with 1,190 shares trading, National Enterprises closed with 100 shares changing hands to close at $10.16. Praetorian Property Mutual Fund with 444 units changing hands ended at $2.65, Sagicor Financial Corporation closed with 3,830 shares changing hands at $7.10. Scotia Investments closed with 20,379 shares changing hands to end at $1.80, Trinidad and Tobago NGL closed at $23.65 with 227 units changing hands and Trinidad Cement had 100 shares changing hands to close at $3.50.
Clico dominates trade on TTSE – Thursday
Majors march higher on Thursday
Berger Paints ended at a 52 weeks’ closing high on Thursday
At the close, the all Jamaica Composite Index climbed 701.19 points to end at a new closing high of 186,753.02, the JSE Market Index jumped 626.99 points to a record close of 168,032.19 and the JSE combined index surge 926.01 points, to end at record high of 180,772.67, up 15 percent for the year to date.
At the close 4,654,511 units valued at $50,143,006 changed hands, compared to 19,800,887 units valued at $274,090,977 changing hands on Wednesday. The junior market accounted for 1,643,799 units valued at $10,731,708 of the stocks traded.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 3 with a lower offer.In market activity, Barita Investments gained 11 cents in trading 20,000 shares at $4.65, Berger Paints traded 2,000 shares and gained 10 cents to close at a 52 weeks’ high of $5.75, Cable & Wireless gained 12 cents and closed at $1.10 with 1,100,206 units trading, Caribbean Cement traded 38,980 shares and lost $1 to close at $32. Carreras had 3,416 shares changing hands at $66 after rising 1 cent, Ciboney traded 114,458 shares gained 1 cents in closing at 22 cents, trading in 1834 Investments ended with 187,165 shares changing hands to close at $1.20, Grace Kennedy lost 20 cents and closed with 1,700 shares changing hands at $41.78. Jamaica Broilers traded 332,665 units but rose 19 cents to close at $14.60, Jamaica Producers lost 25 cents and ended with 97,749 shares changing hands to close at $8, Jamaica Stock Exchange lost 1 cent and ended at $27.99 while trading 14,044 shares, JMMB Group shed $1.48 in trading 9,549 units to close at $13.50. Kingston Properties rose 6 cents in trading 664,191 shares to close at $9.06. Kingston Wharves gained 5 cents in trading 13,000 shares to close at $17.10,
Mayberry Investments traded 82,890 shares to close with a gain 10 cents at $3.60, National Commercial Bank traded 12,600 shares and gained 60 cents to end at $43, Pan Jamaican Investments lost 5 cents to close at $23.25 after trading 35,062 shares. Portland JSX traded 5,000 units with the price rising by 4 cents to end at $11.10, Sagicor Group lost 18 cents in trading 2,328 shares to end at $23.82, Scotia Group gained $1 to close at $31.20 with 868,469 shares changing hands. Scotia Investments had 18,100 units changing hands to close with a 5 cents gain at $30.05, Seprod traded 2,857 shares and lost 90 cents to close at $22.60, Supreme Ventures lost 4 cents and closed at $4.75 with 17,049 shares changing and Proven Investments closed at 20 US cents with 15,625 shares trading.
Junior stocks jump on Thursday
Honey Bun was the lead trade with 1 million shares.
Market activity resulted in advancing stocks over powered declining stocks 8 to 4, pushing the junior market index up by 33.53 points to 2,427.87 to be up 36 percent for the year to date.
At the close, 19 securities up from 12 on Wednesday but the trading volume dropped 82 percent from Wednesday’s levels, ending with 1,643,799 units changing hands, while value traded, declined 79 percent to $10,731,708 from $51,520,805, on Wednesday.
Market activities ended with 2 securities closing with bids higher than their last selling prices and 4 ending with lower offers.In other trading activity, Access Financial jumped $2.60 and ended trading with 950 units to end at $21, AMG Packaging dropped 50 cents to end at $19.50 with 12,000 units changing hands, Blue Power closed with 2,678 units changing hands to close at $24.10 after falling 10 cents, Cargo Handlers traded 325 shares at $90. Caribbean Cream closed trading with 386,761 units at $9.38 and fell 62 cents following flat results for the company’s second quarter, after increased revenues were negated by rising administrative cost. Caribbean Producers traded 65,208 units to end at $3.51, Dolphin Cove traded 2,500 shares and lost 95 cents to end at $12.05, General Accident closed trading with 9,576 units at $2.61,
Honey Bun traded 1,002,000 shares and rose 10 cents to $6.10, Jamaican Teas traded 1,886 units to end at $4. Jetcon Corporation gained 20 cents with 87,175 units changing hands, to end at $4, KLE Group ended at $2.09 with 11,300 shares changing hands after rising by 16 cents, Knutsford Express traded just 100 units and gained $1.20 to close at $23.20, Lasco Distributors had 23,350 units trading and closed 25 cents higher at $7. Lasco Financial gained 10 cents and ended with 18,250 shares changing hands at $3.20, Lasco Manufacturing closed with a gain of 1 cent at $5 with 17,440 shares trading and Paramount Trading ended with 2,300 shares changing hands at $25.
Majors drop juniors gain
The Jamaica Stock Exchange market main market indices fell in Thursday morning while the junior market index rose with volume increasing over Wednesday’s levels.
The all Jamaica Composite Index dropped 233.27 points to 185,818.56 the Jamaica Stock Exchange Market Index fell 208.58 points to 167,196.62, the Jamaica Stock Exchange combined index slipped 9.50 points to close at 179,837.16 and the junior market index rose 17.90 points to 2,421.24.
At 10.45 am, a total of 28 securities traded, resulting in a volume of 1,933,234 shares changing hands carrying a value of $12,769,849, compared to 1,599,416 shares changing hands carrying a value of $10,753,662 on Wednesday.
The average number of shares traded amounts to 69,044 units compared to 72,701 on Wednesday. Market activity resulted in 10 stocks falling while the prices of 12 securities rose.
Caribbean Cement dropped $3 in early trading with 30,000 units at $30, but recovered back to $33 after trading 5,000 more units, JMMB Group fell from $14.98 on Wednesday to $13.50 while trading 3,000 units, Scotia Investments jumped to $34 from $30 while trading 26,000 units, Caribbean Cream Traded 260,866 units and last traded at $9.90 but went as high as $10.19, Honey Bun traded 1 million shares but lost ground to $5.51, down 49 cents but the bid is now at $5.70.
Majors retreat from record high – Wednesday
Stocks ended trading on the Jamaica Stock Exchange with the main market closing with a gain of 11 percent year to date, the market indices dropped more than 1,293 points. The market closed with 38 securities trading as the prices of 16 gained while 11 declined in the overall market, including 4 stocks rising and 5 falling, in the junior market.
At the close, the all Jamaica Composite Index dropped 1,446.17 points to end at a new closing high of 186,051.83, the JSE Market Index dived 1,293.13 points to a record close of 167,405.20 and the JSE combined index fell 1,406.74 points, to end at record high of 179,846.66, up 15 percent for the year to date.
At the close 19,800,887 units valued at $274,090,977 changed hands, compared to 10,379,971 units valued at $217,529,448 changing hands on Tuesday. The junior market accounted for 9,170,473 units valued at $51,520,805 of the stocks traded.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 3 with a lower offer.
In market activity, Barita Investments gained 14 cents in trading 23,600 shares at $4.54, Berger Paints traded 61,363 shares and lost 5 cents to close at $5.65 after trading at an intraday high of $6.25, Cable & Wireless closed at 98 cents with 296,835 units trading, Caribbean Cement traded 25,726 shares to close at $33. Carreras had 742,353 shares changing hands at $65.99 after slipping 1 cent, trading in 1834 Investments ended with 5,836 shares changing hands to close at $1.20, Grace Kennedy lost 1 cent and closed with 470,573 shares changing hands at $41.98, Jamaica Broilers traded 1,117,335 units but rose 10 cents to close at $14.41. Jamaica Producers ended with 1,730 shares changing hands to close at $8.25, Jamaica Stock Exchange gained 70 cents and ended at $28 while trading 27,486 shares, JMMB Group shed 2 cents in trading 1,106,992 units to close at $14.98, Kingston Properties rose 6 cents in trading 664,191 shares to close at $9.06. 
Kingston Wharves lost 45 cents in trading 22,970 shares to close at $17.50, Mayberry Investments traded 3,943 shares to close with a gain 10 cents at $3.50, National Commercial Bank traded 728,535 shares and gained 25 cents to end at $42.40, Pan Jamaican Investments rose 30 cents to close at $23.30 after trading 421,985 shares. Portland JSX traded 3,334,455 units with the price rising by 9 cents to end at $11.06, Sagicor Group gained 15 cents in trading 178,182 shares to end at $24, Scotia Group gained 19 cents to close at $30.20 with 486,698 shares changing hands. Scotia Investments had 476,900 units changing hands to close at $30, Seprod traded 12,010 shares to close at $23.50, Supreme Ventures lost 1 cent and closed at $4.79 with 45,090 shares changing. Proven Investments closed at 20 US cents with 20,300 shares trading and Jamaica Money Market Brokers 7.5% preference share gained 1 cent in trading 355,130 units at $2.10.
Jamaica’s FX market balances – Wednesday
The Jamaican foreign exchange market closed on Wednesday with buying and selling volume almost equal but with C$3.7 million more sold than purchased by dealers. At the close of trading, the Jamaican dollar’s selling rate, lost value against the US dollar but gained against the others.
At the end of trading, the equivalent of all currencies bought by dealers amounted to US$32,082,105, while US$32,451,077 was sold, compared to US$38,210,042 purchased and US$43,422,027 sold on Tuesday.
In US dollar trading, dealers bought US$29,052,296 compared to US$32,905,929 on Tuesday. The buying rate for the US dollar rose by 17 cents to close at $127.92. 
A total of US$26,777,442 was sold versus US$29,180,000 on Tuesday, with the selling rate rising 10 cents to end at $128.62. The Canadian dollar buying rate dropped $2.68 to $93.87, with dealers buying C$942,312 and selling C$4,671,860 at an average rate that fell 96 cents to $97.38. The average rate for buying the British Pound declined $1.22 to $155.04 for the purchase of £1,516,501 while £1,240,817 was sold at a rate that dipped 23 cents to end at $156.92.
At the end of trading, dealers sold €547,389 as the selling rate for the Euro, closed at $142.10 for fall of 98 cents from Tuesday’s rate, according to data from Bank of Jamaica. Dealers purchased €440,823 of the European common currency at $140.82 after falling $1.47 from the rate on Tuesday. The US dollar equivalent of other currencies traded, amounts to US$15,047 being bought and selling of US$18,052.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded currencies in the foreign exchange market on Wednesday, include a rise of $20.26 in the lowest selling rate of the US Dollar to end at $124.80. The highest buying rate of the British Pound dropped $1.79 to $159.48, the lowest buying rate dived $1.24 to $126.58, the highest selling rate slipped $1.10 to $165.22 and the lowest selling rate dipped $1.30 to $152.20. Trading in the Euro resulted in a fall of $1.40 in the highest buying rate to $141.60, the highest selling rate climbed $1.10 to $145.50 and the lowest selling rate dropped $2 to $136.
1 TTSE stock rise 3 fell – Wednesday
Trading activity on the Trinidad and Tobago stock market ended on Wednesday with 11 stocks trading of which 1 gained, 3 declined and 7 remained unchanged.
Trading ended with 127,817 shares valued at $1,315,583 changing hands, compared to 475,198 shares valued at $3,971,851 on Tuesday.
The market closed with modest movements in the indices with the Composite Index rising 0.08 points to close at 1,172.25, the All T&T Index closed with a loss of 0.18 points at 1,819.84 and the Cross Listed Index grew by 0.05 points to 69.96 points and is up 41.3 percent year to date.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 4 stocks with bids higher than their last selling prices and 7 with lower offers.
Gains| Scotiabank closed with 5,239 shares changing hands to end 1 cent up at $58.26.
Losses| Asna McAl traded 31 shares and lost 3 cents to end at $62.65, One Caribbean Media traded 100 shares and fell 5 cents to end at a 52 weeks’ low of $20.50 and Unilever traded 550 shares and lost 1 cent to close at $59.99.
Firm Trades| Clico Investment Fund closed with 29,795 shares changing hands to end at $22.60, JMMB Group ended with 74,900 shares changing hands to close at 75 cents, Massy Holdings ended with 200 shares changing hands at $52, Point Lisas closed at $3.60 with 1,118 units changing hands. Prestige Holdings with 2,000 units changing hands ended at $11, Trinidad and Tobago NGL closed at $23.65 with 7,884 units changing hands and Trinidad Cement had 6,000 shares changing hands to close at $3.50.
Trading jumps for juniors stocks – Wednesday
Medical Disposables at new high.
Market activity resulted in advancing stocks being edged by declining stocks 4 to 5, pushing the junior market index down by 20.19 points to 2,394.34.
At the close, 13 securities traded as trading jumped 728 percent from Tuesday’s levels, ending with 9,170,473
units changing hands, than on Tuesday, while value traded, jumped 510 percent to $51,520,805 from $8,452,329, on Tuesday.Market activities ended with 6 securities closing with bids higher than their last selling prices and 1 ending with a lower offer.
In other trading activity, AMG Packaging jumped $2.40 to end at $20 with 21,662 units changing hands, Blue Power closed with 1,240 units changing hands to close at $24.50 after falling $3.50, Caribbean Cream closed trading with 80,500 units at $10. Caribbean Flavours traded 894,508 units to end at $8.60 with a rise of 60 cents,
Caribbean Producers gained 1 cents in trading 17,000 units to end at $3.51, Honey Bun traded 17,036 shares and fell 20 cents to $6, Jamaican Teas traded 3,296 units to end at $4. Jetcon Corporation lost 20 cents with 6,200 units changing hands, to end at $3.80, Lasco Distributors had 800,475 units trading and closed at $7, Lasco Financial fell 10 cents and ended with 69,370 shares changing hands at $3.10, Lasco Manufacturing closed at $4.99 with 7,025,629 shares trading. Medical Disposables traded 213,287 with a gain of 18 cents to end at a 52 weeks’ high of $5.05 and Paramount Trading dropped $1 to end with 20,270 shares changing hands at $25.
JSE majors drop sharply
The Jamaica Stock Exchange market stocks indices fell in Wednesday morning with big fall in the main market indices trading with volume increasing over Tuesday’s levels.
The all Jamaica Composite Index dropped 2150.07 points to 185,347.93 the Jamaica Stock Exchange Market Index dived 1,922.55 points to 166,775.78, the Jamaica Stock Exchange combined index slipped 1,858.71 points to close at 179,394.69 and the junior market index dipped 7.37 points to 2,407.16.
At 10.45 am, a total of 22 securities traded, resulting in a volume of 1,599,416 shares changing hands carrying a value of $10,753,662, compared to 2,592,474 shares changing hands carrying a value of $31,641,641 on Tuesday.
The average number of shares traded amounts to 72,701 units compared to 92,588 on Tuesday. Market activity resulted in 6 stocks falling while the prices of 9 securities rose.
JMMB Group traded 56,992 units and lost $1.50 to trade at $13.50, Scotia Investments jumped to $34 from $30 while trading 26,000 units, Blue Power Group pulled back from $28 that it closed at on Tuesday to $23.50 on small volume and Lasco Financial Services dropped to $2.80 from $3.20.
Jamaica Money Market Brokers 7.50% preference share had 355,130 units trading at $2.10, Caribbean Flavours & Fragrances traded 820,700 and rose to $8.60 from $8, Cable & Wireless traded 103,300 units at 98 cents.
Major gains in Jamaica’s Caricom trade
Jamaica’s trade deficit with CARICOM dropped sharply or 29.7 percent to end at US$123 million at the end of the year to April 2016, for a fall of US$52 million, from US$174.5 million for the similar period in 2015.
Jamaica’s imports from CARICOM declined by 25.3 percent to US$148 million, from US$198 million for January to April 2015. Mineral Fuels fell 36.5 percent to US$72 million from US$113 million, Chemicals declined by 29.2 percent to US$8 million and Food amounted to US$46 million, a fall of US$3.5 million or 7 percent. Beverages & Tobacco imports declined by 26.2 percent to US$7.7 million and Manufactured Goods rose 14.5 percent to US$7.5 million.
Exports to the region increased by 18.3 percent or US$2 million, to US$25 million. Re-exports climbed 53.4 percent were to US$5.6 million. Domestic exports were valued at US$19.7 million, 1.2 percent less than the US$20 million recorded for January to April 2015. Lower exports of Manufactured Goods were the main contributor to this decline, due mainly to lower exports of cement related products.
