Juniors slip again on Friday
At the close, 2 securities ended with no bid and 7 securities had no stocks being offered for sale. There were 7 stocks closing with bids that were higher than their last selling prices and none ended with a lower offer.
In trading, Access Financial fell 50 cents while trading 78,424 units to close at $17.50, AMG Packaging rose by 50 cents with 604 units changing hands, to end at $14.50, C2W Music traded 100,000 units and rose 2 cents to be at 45 cents, Caribbean Cream fell by 10 cents while trading 18,220 shares to close at $3.70. Caribbean Producers had 126,206 units changing hands to close at $5, General Accident traded 21,315 units at $2.50 with a gain of 10 cents, Honey Bun ended with 17,122 units changing hands at $13.80 after rising 20 cents, Knutsford Express closed at $18.51 with 3,500 shares changing hands. Lasco Distributors lost 89 cents and closed with 809,400 units trading to end at $5.06, Lasco Financial rose 3 cents to end at $3.23 with 140,450 shares changing hands, Lasco Manufacturing ended trading with 1,040,376 shares and gained 40 cents to close at $4.35. Medical Disposables traded 22,000 shares to close 11 cents higher, at $3.50 after it traded at an intraday high of $3.70, tTech closed with a gain of 34 cents at $4.85 with 33,593 shares trading and Derrimon Trading preference share traded 125,000 units to close 1 cent lower at $2.15.
Moderate gains for JSE majors – Thursday
With polls suggesting a tight race in the general election on Thursday, the Jamaica Stock Exchange main market continued to reflect uncertainty on Thursday as 15 securities declined, 13 gained as 33 changed hands in all market segments in a shortened session. Trading resulted in 1 stock closing at 52 weeks’ highs.
A total of 6,057,172 units valued at $98,493,384 changed hands in all markets. The junior market accounted for 2,076,968 units changing hands, valued at $12,398,257.
The JSE Market Index added 31.86 points to end at 157,673.33 the all Jamaica Composite Index squeezed out 35.60 points to end at 175,165.13 and the JSE combined index dropped 841.58 points to close at 166,544.40.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 14 stocks with bids higher than their last selling prices and 5 with lower offers.
At the end of the market activities, Cable and Wireless closed with a loss of 6 cents as 145,106 units changed hands at $1.50. Caribbean Cement continues with wild price swings, rising $3 to close at $33 with 36,000 shares changing hands, Carreras closed at $66 after gaining $1, while trading 31,891 units, Gleaner ended with a gain of 1 cent to close at $2.43 with 69,622 shares trading, Grace Kennedy ended with 25,660 shares trading to close at $82.50 after losing 50 cents. Jamaica Broilers fell 26 cents with 583,521 units to close at $14.50, JMMB Group had 280,100 units changing hands to close at $10.41. Kingston Wharves had 68,371 shares trading with a loss of 1 cent at $11.44, National Commercial Bank had 1,182,454 shares changing hands with a fall of 60 cent to close at $40.40. Palace Amusement dropped by $13 to close at $74 with 100 shares trading, Pan Jamaican traded 4,231 shares but fell $1 to $94.50, Pulse Investments traded 206,000 shares with a fall of 48 cents to end at $3.22. Sagicor Group gained 45 cents with 4,270 shares changing hands at $23.50, Sagicor Real Estate Fund rose 25 cents with 1,000 shares changing hands at $11.95, Scotia Group had 136,020 shares changing hands, to close with a gain of 50 cents to end at $32. Scotia Investments had 7,550 units changing hands at $30, Supreme Ventures rose 49 cents to close at $6 with 114,353 units changing hands. JMMB Group 5.75% preference share traded 380,000 units at $1.06, JMMB Group 7.5% preference share traded 200,000 units and rose 5 cents to end at $2.15 and Proven Investments ordinary share traded 500,000 units at 21 US cents after rising by 1 US cent.
Juniors drop 16% from peak on Thursday
The junior market lost much ground on Thursday, slashing 16 percent off its January high, as the heavy weighted Lasco Distributors dropped 15 percent in a shortened trading session, as the market closed early on election day.
Declining stocks beat out advancing ones 6 to 4 advancing leading to a big fall of 4.65 percent in the junior market index as a huge 96.48 points was slashed to end at 1,978.64. A total of 12 securities traded, 1 of which ended at a 52 weeks’ high. The market ended with 2,076,968 units changing hands, valued at $12,398,257. At the close, 2 securities ended with no bids and 8 securities had no stocks being offered for sale. There were 6 stocks closing with bids that were higher than their last selling prices and 1 ended with a lower offer.
In trading, Access Financial fell $1.50 while trading 1,426 units to close at $18, Caribbean Cream declined by 35 cents while trading 26,900 shares to close at $3.80, Caribbean Flavours closed with 6,586 units changing hands but fell 10 cents to $8.60, Caribbean Producers lost 10 cents with 67,954 units changing hands, to close at $5. Consolidated Bakeries dropped 22 cents in trading 10,000 shares at $1.40, Dolphin Cove traded 3,100 shares at $15.62, to record an increase of 1 cent, Honey Bun gained 22 cents to close at a 52 weeks’ high of $14 with 408,083 units changing hands, Jamaican Teas traded 41,562 shares with the price remaining unchanged at $7.70. KLE Group closed with 47,759 shares changing hands at $2.50. Lasco Distributors closed with 204,850 units trading to end at $5.95 for a loss of $1.05, Lasco Financial gained 25 cents to end at $3.20 with 433,175 shares changing hands, Lasco Manufacturing ended trading with 825,573 shares and gained 10 cents to close at $3.95.
4 TTSE stocks rose 2 down – Thursday
The Composite Index lost 0.07 points to close at 1,160.33, the All T&T Index fell 0.80 points to close at 1,901 and the Cross Listed Index gained 0.09 points to close at 55.52.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with 7 stocks with bids higher than the last selling price and 11 with offers that were lower.
Gains| Clico Investments traded 25,505 shares valued at $574,135 to close at $22.55 with a gain of 5 cents, JMMB Group traded 175,000 shares and gained 1 cents to close at a 52 weeks’ high of 60 cents. National Flour traded 49,470 shares and rose 1 cent to close at $1.80 and Scotia Investments contributed 199,594 shares while gaining 2 cents to close at a 52 weeks’ high of $1.74.
Losses| Massy Holdings fell 15 cents to close at a 52 weeks’ low of $59 with 1,130 shares changing hands and Unilever Caribbean ended with 295 shares trading at $67.81 after slipping by 1 cent.
Firm Trades| Ansa Merchant Bank traded 2,000 units at $38.95, First Citizens had 71,049 shares with a value of $2,486,715 changing hands at $35, Trinidad and Tobago NGL closed at $19 with 51 units trading, Trinidad Cement traded 8,025 shares at $3.51 and West Indian Tobacco closed at $112.30 with 279 shares changing hands.
JSE nervous in early trading – Thursday
The Jamaica Stock Exchange is off to an interesting start on general election day 2016, with losses far exceeding advances on Thursday, in the early morning session. After 75 minutes of the market opening, 28 securities have been active, accounting for 3,867,042 shares. A total of 14 stocks fell and only 6 rose.
The all Jamaica Composite Index lost -266.70 points to 174,862.83, the JSE Market Index fell 238.64 points to 157,402.83, the JSE combined index declined by 465.66 points to 166,920.32 and the junior market index dropped 26.64 points to 2,048.48.
Caribbean Cement gained $3 with 36,000 shares to be at $33, Jamaica Broilers Group traded 575,591 at $14.50, National Commercial Bank traded 1,181,244 shares at $40.70, Palace dropped $13 while 100 shares traded at $74, Honey Bun had 5,000 shares changing hands at a new high of $13.90 and Lasco Manufacturing down 21 cents to $3.61 with 779,866 units.
5 TTSE stocks fell 3 up – Wednesday
Trading activity ended with 12 stocks active securities on the Trinidad & Tobago Stock Exchange on Wednesday of which, 3 rose, 5 fell and 4 remained unchanged with 2 ending at 52 weeks’ highs. A total of just 135,968 shares valued at $2,823,492 traded.
The Composite Index rose 0.21 points to close at 1,160.40, the All T&T Index fell 0.16 points to close at 1,901.80 and the Cross Listed Index gained 0.08 points to close at 55.43.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with 7 stocks with bids higher than the last selling price and 9 with offers that were lower.
Gains| First Citizens rose 1 cent while trading 22,620 shares at $35, with a value of $791,618, Grace Kennedy had 2,100 units changing hands at a 52 weeks’ high of $4.71 for a 5 cents gain and Sagicor Financial Corporation with 7,259 shares changing hands, gained 4 cents to end at a 52 weeks’ high of $6.70.
Losses| Clico Investments traded 16,470 shares to close at $22.50 with a loss of 1 cent, Guardian Holdings fell 15 cents to close at $13.95 with 1,130 shares changing hands, National Flour traded 50,000 shares and fell 1 cent to close at $1.79. Republic Financial Holdings lost 3 cents to close at $112.12 with 10,341 shares changing hands, at a value of $1,159,436 and West Indian Tobacco shed 5 cents to close at $112.30 with 458 shares changing hands.
Firm Trades| Agostini’s traded 500 shares at $17.01, Angostura Holdings ended with 358 shares changing hands at $13.60, Trinidad and Tobago NGL closed at $19 with 12,384 units trading and Trinidad Cement traded 13,478 shares at $3.51.
JSE main market sharp turn – Wednesday
A total of 9,862,201 units valued at $166,875,309 changed hands in all markets. The junior market accounted for 2,918,009 units changing hands, valued at $20,407,860.
The JSE Market Index suffered a big fall of 1,632.23 points to 157,641.47 the all Jamaica Composite Index dropped 1,824.11 points to end at 175,129.53 and the JSE combined index dumped by 1,936.89 points to close at 167,385.98.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 16 stocks with bids higher than their last selling prices and 9 with lower offers.
At the end of the market activities, Cable and Wireless closed with a gain of 10 cents as 103,800 units changed hands at $1.56. Caribbean Cement fell $4 to close at $30 with 1,133,522 shares changing hands, Carreras closed at $65, while trading 205,078 units, Ciboney ended at 14 cents with 210,000 shares trading, Grace Kennedy ended with 7,150 shares trading to close at $83. Jamaica Broilers climbed 45 cents with 426,559 units to close at $14.76, JMMB Group had 637,636 units changing hands with a loss of 59 cents to close at $10.41. Kingston Wharves had 14,225 shares trading with a gain of 5 cents at $11.45, Margaritaville Turks traded 506,000 shares at 15 US cents, Mayberry Investments traded 76,234 units to close at $4.80 for a rise of 10 cents, National Commercial Bank had 514,148 shares changing hands with a gain of 1 cent to close at $41. Pulse Investments traded 5,900 shares with a fall of 70 cents to end at $3.70, Sagicor Group fell 1 cent with 784,897 shares changing hands at $22.10, Sagicor Real Estate Fund fell 30 cents with 8,888 shares changing hands at $11.70, Salada Foods traded 19,327 units at $9.25. Scotia Group had 328,060 shares changing hands, to close with a loss of $1.50 to end at $31.50, Scotia Investments had 297,000 units changing hands at $30, after rising 75 cents, Supreme Ventures fell 1 cent to close at $5.51 with 1,230,000 units changing hands. JMMB Group 7.5% preference share traded 167,678 units at $2.10 and Proven Investments ordinary share traded 262,083 units at 20 US cents.
Juniors slips sharply – Wednesday
The junior market ceded ground again on Wednesday although advancing and declining stocks were equal with 6 declining stocks and 6 advancing leading to fall of 2 percent in the index. The market lost 44.03 points to end at 2,075.12 with 13 securities trading, 2 of which ended at 52 weeks’ highs. The market ended with 2,918,009 units changing hands, valued at $20,407,860.
At the close, 1 security ended with no bid and 6 securities had no stocks being offered for sale. There were 8 stocks closing with bids that were higher than their last selling prices and 3 ended with lower offers.
In trading, Access Financial fell 50 cents while trading 764,000 units to close at $19.50, AMG Packaging dropped had 20,000 units changing hands, to end at $14, Blue Power traded 4,440 shares and fell 29 cents to end at $9.30, CAC 2000 had 12,500 shares changing hand, to close at a 52 weeks’ high of $7.36 after rising 34 cents. C2W Music traded 5,637 units at 43 cents, Caribbean Cream rose by 15 cents while trading 107,800 shares to close at $4.15, Caribbean Producers had 30,000 units changing hands, to close at $5.10, Dolphin Cove traded 500 shares at $15.61, General Accident traded 690,326 units at $2.40 with a gain of 20 cents. Honey Bun ended with 7,674 units changing hands at $13.78 after rising 8 cents, Knutsford Express gained $1.01 and ended at a 52 weeks’ high of $18.51 with 1,500 shares changing hands, Lasco Distributors closed with 193,650 units trading to end at $7 for a 6 cents loss. Lasco Financial declined by 15 cents to end at $2.95 with 279,491 shares changing hands, Lasco Manufacturing ended trading with 297,431 shares and fell 40 cents to close at $4.20, Medical Disposables traded 477,623 shares to close with a loss of 1 cent at $3.39, and Paramount trading closed with a 6 cents gain at $11.30 with 45,437shares trading.