tTech gains 20% to trade at $3 as JSE moves higher
The junior market was joined by two new listings on Thursday, following the successful IPO of CAC 2000 and tTech shares bringing the total junior market listings to 29. tTech opened trading at $3 with 7,809 shares to gain 50 cents on the IPO price, trading in the stock was halted with the price having exceeded the 15 percent circuit breaker rule before it reopened after an hour. CAC 2000 traded 1,000 units at $4.94 to record an increase of 9 cents from the IPO price of $4.85.
The Jamaican stock market is off to more strong start in early Thursday trading with all major indices recording gains in mid-morning session leading to a number of stocks recording new 52 weeks’ highs up to 10.45 am. A total of 32 securities traded amounting to 1,003,134 units changing hands with 15 rising, while 7 declined.
The all Jamaica Composite Index rose 1,050.43 points to 172,392.77 the JSE Market Index gained 939.93 points to 155,192.59 the JSE combined index added 1,376.19 points to 163,505.92 and the junior market index is up 54.24 points to 1,901.16.
The big trade of the day is Lasco Distributors with 274,787 shares as the price jumped 49 cents to a new high of $6.50 and Sagicor Group with 34,368 shares at a new 52 weeks’ of $22.50.
Jam$ gains against all on Wednesday
In the Jamaican foreign exchange market, dealers bought the equivalent of US$41,941,236 and sold US$39,746,285, compared with US$35,703,146 purchased and US$43,237,725sold on Tuesday.
In US dollars trading, dealers bought US$36,834,944 compared to US$32,330,168 on Tuesday with the buying rate for the US dollar falling 7 cents to $119.77. A total of US$37,031,528 was sold versus US$41,672,381 on Tuesday as the selling rate slipped 3 cents to $120.43. The Canadian dollar buying rate dropped 42 cents to end at $83.35 with dealers buying C$2,592,782 and selling C$1,914,548, at an average rate that declined 17 cents to $84.93. The rate for buying the British Pound lost 31 cents to $173.50 for the purchase of £1,961,635, while £522,647 was sold, with the rate declining $3.38 to $172.84. At the end of trading, it took J$129.15 to purchase the Euro, for a decline of 91 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.55 for a fall of 67 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$460,202 being bought, while US$614,449 was sold.
Highs & Lows| Notable changes to the highest and lowest buying and selling rates were a rise in the lowest selling rate for Canadian dollar by $1.46 to $81.46 and the highest selling rate for the British Pound, that fell $1.24 to close $182.16.
tTech & CAC 2000 trades on Thursday
At the close, 1 security ended with no bid to buy and 6 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while 1 closed with a lower offer.
In trading, AMG Packaging gained 16 cents to close at a 52 weeks’ closing high of $7.36 with 1,000 shares trading and closed with the bid at $8.10 to buy 1,140 units. C2W Music closed with 64,290 units changing hands at 43 cents for a 52 weeks’ high, having risen 3 cents, Cargo Handlers traded at a new high of $37.65 with 126 shares changing hands, Caribbean Cream ended with 54,293 shares changing hands as the price slipped by 11 cents to end at $3.89. Caribbean Producers traded 1,500 units but lost 82 cents to close at $4.68, Consolidated Bakeries rose 8 cents to end at $1.50, with 355,700 units changing hands, Derrimon Trading Company had 4,930 units trading, to close up 25 cents to a 52 weeks’ high of $4.05. General Accident traded 1,318,600 shares to close with a loss of 1 cent, to end at $2.18, Honey Bun gained 10 cents with 1,150 shares changing hands and closed at a 52 weeks’ high of $6.28, Jamaican Teas rose 45 cents and ended at a 52 weeks’ high of $5.50 while 1,689 units were traded, KLE Group ended at $1.87 with 49,632 shares changing hands. Lasco Distributors closed with only 4,538 shares changing hands for a gain of 31 cents, to end at a 52 weeks’ high of $6.01, Lasco Financial lost 5 cents to close at a $3.95 with 4,200 shares changing hands. Lasco Manufacturing rose 5 cents to $3.60 with 1,483,881 shares trading and Medical Disposables ended with 2,000 shares changing hands at the close at $3.55.
Negative trend continues on TTSE
Activity on the Trinidad and Tobago Stock Exchange continued at elevated levels with trading in 15 securities on Wednesday but two of the three market indices declined marginally as 4 stocks advanced and 6 declined, with the prices of 5 remaining unchanged. A total of 376,984 shares changed hands valued at $3,536,222.
The Composite Index ended with a gain of 0.16 points to 1,160.10, the All T&T Index fell 0.89 points to 1,942.85 and the Cross Listed Index gained 0.08 to end at 49.69.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator had 5 stocks with bids higher than the last selling price and 6 stocks with offers that were lower.
Gains| Grace Kennedy closed with a rise of 1 cent to $4.04, with 122,053 shares valued at $493,081 changing hands, Guardian Holdings ended with 5,472 shares trading at $13.31 for a gain of 3 cents. National Commercial Bank closed with a gain of 1 cent at $2.12 while trading 10,000 shares and Republic Financial Holdings gained 2 cents to close at $111.97 with 7,825 shares changing hands at a value of $572,176.
Declines| Angostura Holdings closed with just 2 shares changing hands with an 18 cents loss, to end at $13.75, Clico Investment Fund traded 1,539 units, to end at $22.72 after slipping 3 cents, JMMB Group traded 10,100 shares but lost 1 cent, in closing at 53 cents. National Flour traded 133,973 shares valued at $348,330 to close with a loss of 10 cents at $2.60, Trinidad Cement closed with a loss of 1 cent at $3.98, with 3,688 shares changing hands and West Indian Tobacco had 1,585 shares trading with a fall of 3 cents to $126.27.
Firm Trades| Agostini’s traded 5,272 shares at $17, Clico Investment Fund traded 3,100 shares at $22.75, First Citizens ended with 31,093 units with a value of $1,088,329 changing hands at $35, National Enterprises closed with 1,005 shares changing hands at $16. Praetorian Property Mutual Fund ended trading at $3.09 with 35,703 shares changing hands and Trinidad and Tobago NGL ended at $21.50 with 7,674 shares changing hands.
JSE continues in positive mode
The Jamaican stock market is off to more measured trading, early Wednesday with all major indices recording gains in mid-morning trading but leading to a number of stocks recording new 52 weeks’ highs up to 10.45 am. A total of 33 securities traded amounting to 1,556,075 units changing hands with 14 rising, while 9 declined.
The all Jamaica Composite Index rose 661.58 points to 169,133.35 the JSE Market Index gained 591.99 points to 152,276.03 the JSE combined index added 8601.65 points to 160,235.23 and the junior market index is up 4.76 points to 1,843.75.
Trading volumes were generally low, but there have been some interest in a number of stocks including Cable & Wireless with 186,335 shares trading at $1.35, Gleaner trading 262,000 units at $2.50, Jamaica Stock Exchange with 37,839 units at $18.60, JMMB Group with 72,026 units trading at $10.45, National Commercial Bank with 5,168 units at a new high of $41, Radio Jamaica at $4.50 with 24,280, Cargo Handlers trading at a new high of $37.65 with 126 shares, C2W Music at 43 cents for a new 52 weeks’ high with 47,290 shares changing hands, Caribbean Cream with 54,293 units at $3.89, General Accident with 79,400 units at $2, Lasco Distributors with 3,538 shares trades at a new high of $5.72 and Lasco Manufacturing with 641,051 units at $3.50 after trading earlier at $3.60.
JSE 2,940 points intraday gains melt to 240
The JSE Market Index rose 214.68 points to 151,684.04, the all Jamaica Composite Index gained 239.92 points to end at 168,471.77 and the JSE combined index gained 418.68 points to close at 159,633.58.
At the close, 5,096,460 units valued at $149,875,337 changed hands in all markets with the junior market accounting for of 1,801,000 units changed hands, valued at $7,668,101. Trading was broad based with a total of 44 securities being active in all market segments. Of the stocks trading 17 in the combined markets gained and 8 declined. Five stocks traded at 52 weeks’ closing high and 2 at intraday 52 weeks’ high as investors’ continue to push prices higher.
The main market was facing resistance around the 165,000 points level, on the all Jamaica composite index, now that it has crossed it and seems to be moving away, this level appears to be gathering strength to offer support for the market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 16 stocks with bids higher than their last selling prices and 8 with lower offers.
In trading, Berger Paints ended with 27,839 shares trading at $3.15 for a loss of 5 cents, Cable and Wireless rose 2 cents with 88,799 units changing hands to close at $1.40, but the stock was on offer at $1.35 at the close. Caribbean Cement dropped 94 cents to end at $19.50, with 5,019,013 shares trading, Carreras closed at $60.85, with 1,640 units changing hands for a rise of 85 cents, Desnoes and Geddes traded 136,442 shares but closed down 95 cents to $29.05, Gleaner Company traded 20,000 shares at $2.05 with a 35 cents gain. Grace Kennedy with 11,249 units changing hands, finished 20 cents higher at $84.20, Jamaica Broilers fell 5 cents and closed at $10.45 with 34,091 shares changing hands, Jamaica Producers traded 2,141 shares to end at $32, Jamaica Stock Exchange fell 39 cents while trading 42,101 shares to close at $18.60. JMMB Group traded 331,521 units and rose 25 cents to end at $10.45, Kingston Wharves traded 21,296 units at $11.35, Mayberry Investments had 33,628 units changing hands for $4.35, National Commercial Bank gained 8 cents to end at a 52 weeks’ high of $40.58, with 26,683 units changing hands. 138 Student Living had 138,798 units trading at $4.60 after rising to an intraday high of $4.70, Radio Jamaica had 215,062 shares trading with a gain of 92 cents to end at $5, but with 211,797 units selling for $4.20 and lower. Sagicor Group rose 19 cents to close at a 52 weeks’ high of $20.19 with 3,200 units changing hands, after it traded as high as $22. Scotia Group had 92,420 shares changing hands at $30.01 and Supreme Ventures ended at $4.66 with 76,838 units changing hands and Jamaica Money Market Brokers 7.50% preference share traded 15,947 units to end at $1.98.
Jam$ slips against most on Tuesday
In the Jamaican foreign exchange market, dealers bought the equivalent of US$35,703,146 and sold US$43,237,725, compared with US$44,360,218 purchased and US$40,052,989 sold on Monday.
In US dollars trading, dealers bought US$32,330,168 compared to US$39,298,993 on Monday with the buying rate for the US dollar rising 30 cents to $119.84. A total of US$41,672,381 was sold versus US$38,905,100 on Monday as the selling rate gained 9 cents to $120.46. The Canadian dollar buying rate climbed $1.06 to end at $83.77 with dealers buying C$1,870,425 and selling C$950,031, at an average rate that declined 17 cents to $85.10. The rate for buying the British Pound gained 69 cents to $173.81 for the purchase of £1,273,982, while £452,287 was sold, with the rate rising by 59 cents to $176.22. At the end of trading, it took J$130.05 to purchase the Euro, for a decline of 75 cents from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.22 for a fall of 80 cents from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$217,825 being bought, while US$232,513 was sold.
Highs & Lows| The only major change to the highest and lowest buying and selling rates were recoveries in the lowest selling rate for US dollar by $79 to $117 and the lowest selling rate for the British Pound, that regained $94 to close $170.
Negative trend continues on TTSE
Activity on the Trinidad and Tobago Stock Exchange jumped with trading in 16 securities on Tuesday but two of the three market indices declined marginally with the two main indices as 6 stocks advanced and 5 declining, with the prices of 5 remaining unchanged. Three stocks traded at 52 weeks’ highs and one at a low as a total of 230,344 shares changed hands valued at $2,036,638.
The Composite Index ended with a fall of 0.14 points to 1,160.26, the All T&T Index fell 0.25 points to 1,943.74 and the Cross Listed Index remained at 49.61.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator had 3 stocks with bids higher than the last selling price and 3 stocks with offers that were lower.
Gains| FirstCaribbean International Bank gained 1 cent in trading 100 shares to close at $5.02, Guardian Holdings ended with 7,950 shares trading at $13.28, for a 3 cents gain, Prestige Holdings ended with 1,000 shares trading with a gain of 7 cents to close at $10.17, for a 52 weeks’ High. Republic Financial Holdings gained 2 cents to close at $111.95 with 5,111 shares changing hands at a value of $572,176, Sagicor Financial Corporation rose 1 cent in trading 597 shares and closed at $6.26 and West Indian Tobacco had 2,744 shares valued at $346,559 trading, with a rise of 1 cent to $126.30 for a new 52 weeks’ high.
Declines| Angostura Holdings closed with 11,500 shares changing hands with a 2 cents loss to end at $13.93, Grace Kennedy closed with a loss of 1 cent at $4.03 with 21,795 shares changing hands. JMMB Group traded 155,244 shares but lost 1 cent in closing at 54 cents, Massy Holdings ended with 322 shares changing hands as the price dropped 5 cents to end at a 52 weeks’ low of $61.40 and Scotiabank lost 4 cents in trading 300 shares at $61.90.
Firm Trades| Agostini’s traded 1,005 shares at $17, Clico Investment Fund traded 3,100 shares at $22.75, First Citizens ended with 14,570 units with a value of $509,951 changing hands at $35, National Commercial Bank closed at $2.11 while trading 4,000 shares and Trinidad and Tobago NGL ended at $21.50 with 986 shares changing hands.