9 down 3 up on junior market
Trading picked up on the Junior Market with 15 securities trading, and ended with 1,497,036 units changing hands valued at $. The JSE Junior Market Index declined 25.44 points to close at 907.33, with the price of 3 stocks advancing and 9 declining and 2 closing at 52 weeks’ high.
At the close of the market, there is just 1 stock with the bid that is higher than their last selling price and only 2 with lower offers. The junior market ended with 4 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, AMG Packaging, ending with 5,500 shares changing hands, to close 1 cent lower at $3.19, Caribbean Cream trading 20,000 shares, 10 cents higher to new all-time high of $1.85, Caribbean Flavours finishing with 1,667 shares trading to close 1 cents higher at $2.09. Consolidated Bakeries ended with 65,234 units changing hands but lost 2 cents to close at $1.15, Derrimon Trading finished with 3,599 shares trading to close 10 cents higher at $2.20. Dolphin Cove concluding trading with 3,333 shares changing hands to close 25 cents lower at $11. General Accident Insurance ended trading with a loss of 20 cents to close at $1.75 with 34,252 shares trading, Honey Bun lost 33 cents in trading just 2,053 units. KLE Group traded 3,500 shares at 70 cents, Lasco Distributors traded 348,516 shares to close lower by 20 cents at $1.40, Lasco Financial Services finished trading with 671,000 units with the price slipping 6 cents to $2. Lasco Manufacturing had 124,982 shares changing hands as the stock traded lower by 5 cents to $1.45, Paramount Trading ended trading with 200,000 shares to end unchanged at $5.50 and Eppley 10% preference share closed trading with 8,400 units and lost just 1 cent to $6 and the company’s 9.5% preference share saw 5,000 units treading at $6.01
TTSE ends week in balance
Trading on the Trinidad Stock Exchange ended on Friday with 13 securities changing hands of which 2 advanced, 2 declined and 9 traded firm with a total of 390,967 units, valued at $15,929,224.
At the close of the market, the Composite Index gained 0.15 points to close at 1,162.35, the All T&T Index rose by just 0.19 points to close at 1,970.76 and the Cross Listed Index increased by a mere 0.01points to end at 46.45.
Gains| Stocks increasing in price at the close are, ANSA McAL with 202,907 shares changing hands for a value of $13,625,148 and closed with a gain of 7 cents at $67.15 for a new 52 weeks’ high and Sagicor Financial traded 6,668 shares to close with a gain of 2 cents at $6.25.
Declines| The stocks declining at the end of trading are, One Caribbean Media lost 3 cents to close at $22.42 with 575 shares and Republic Bank with 1,478 shares trading closed down a cent at $114.96 for a new 52 weeks’ low.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund with 26,400 shares valued at $595,320 traded to end at $22.55, Flavorite Foods with a volume of 122,903 shares being traded for $589,934 close at $4.80, First Citizens Bank traded 3,004 shares and closed at $35.81. Grace Kennedy with 1,500 shares changing hands, closed at $3.53, Massy Holdings traded 10,230 shares, valued at $658,300, to close at $64.35, Praetorian Property Mutual Fund remained at $3.10 after trading 2,000 shares, Point Lisas had 2,416 units changing hands at $3.81and Prestige Holdings contributed 10,886 shares to end at $9.90.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator shows 2 stocks with the bid higher than their last selling prices and 2 with offers that were lower.
Market suffers losses in early trading
With 75 minutes of trading on the Jamaica Stock Exchange the market indices fell with a tone of bearishness in the air, a total of 11 stocks have declined and 7 are up.
There are three new 52 weeks’ highs with Caribbean Cream traded at an all-time high of $1.85, Sagicor Group and Jamaica Broilers traded at a new 52 weeks’ high of $12.50 and $5.75 respectively. The main market has so far had 17 stocks being active while 11 stocks have traded in the junior market, for a total of 28 securities, trading in the markets, accounting for 1.179 million shares.
TheJSE Market Index lost 388.63 points to 96,944.73 the JSE All Jamaican Composite index fell 431.42 points to close at 107,300.05 JSE combined index dropped 508.18 points to 99712.24 and the junior market index fell 15.64 to 917.13 points.
Thursday’s sales & purchases equal
Sale of and purchases of all currencies by dealers was equally matched on Thursday as the Jamaican dollar slipped against two of main currencies it regularly trades against. Dealers bought the equivalent of US$26,229,816 compared with US$26,615,499, on Wednesday while they sold the equivalent of US$26,264,239 versus US$28,759,140 previously.
In US dollar trading, dealers bought US$22,637,066 compared to US$23,232,481 on Wednesday. The buying rate for the US dollar gained 13 cents at $115.68 and US$24,198,294 was sold versus US$ 26,875,275 on Wednesday, the selling rate climbed 7 at $116.33. The Canadian dollar buying rate slipped 61 cents to $91.95 with dealers buying C$666,284 and selling C$958,498, at an average rate that fell 5 cents to $94.94. The rate for buying the British Pound rose 33 cents to $176.50 for the purchase of £1,490,432, while £498,583 was sold, at an average rate that rose by 54 cents to $178.90. At the end of trading it took J$131.40 to purchase the Euro, 67 cents more than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.64 for 45 cents higher than Wednesday’s rate. Other currencies bought, amounted to the equivalent of US$789,007, while the equivalent of US$516,979, was sold.
Highs & Lows| The highest buying rate for the US dollar rose 15 cents to $116.50, the lowest buying and the highest selling rates remained unchanged at $95.19 and $121.98, respectively. The lowest selling rate climbed $1.88 to $97.07. The highest buying rate for the Canadian dollar dropped $1.79 to $94.60, the lowest buying rate climbed 46 cents to $75.28, the highest selling was down 13 cents at $97.05 and the lowest selling rate fell 30 cents to $90.70. The highest buying rate for the British Pound, declined 65 to $180.10, the lowest buying rate rose 41 cents to $143.42, with the highest selling rate climbing $1.24 to $184.90 and the lowest selling rate fell $1.50 to $172.80.
Another IPO eyes on TTSE
Trinidad & Tobago Stock Exchange seems set to welcome another new listing later this year, if all goes well. According to reports out of the twin island state, the country’s Minister of Finance Howai said recently, the Phoenix Park Gas Processors initial public offering (IPO) will “come to market in the next few weeks” with some 75,852,000 shares for the public to purchase.
According to the company’s website, “Phoenix Park Gas Processors Limited (PPGPL) is a Trinidad and Tobago company formed in May 1989” PPGPL is one of the largest gas processing facilities in the Americas. We provide natural gas of a high quality standard to our customer by processing raw, natural gas delivered to our facility from their existing natural gas pipeline system. Processing involves the extraction of natural gas liquids (NGLs). The natural gas is delivered by our customer to downstream facilities that use it as a fuel and feedstock. We also fractionate the extracted NGLs into three components: propane, butane and natural gasoline. The propane and butane are marketed in the Caribbean and Central America and the natural gasoline is marketed internationally.
In 2013, the government sold off a part of First Citizens Bank to the public, with the shares being listed on the Trinidad and Tobago Stock exchange, providing investors with a healthy profit from their purchase.
Record highs for junior stocks
At the close of the market, there was 1 stock with the bid higher than the last selling price and 3 with lower offers. The junior market ended with 4 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Caribbean Cream traded with 100,000 units changing hands, 10 cents higher, at $1.75 for a new all-time high. KLE Group with 15,000 shares trading closed 5 cents lower at new low of 70 cents, Lasco Distributors with 131,195 shares trading, lost 5 cents in closing at $1.05, Lasco Financial Services finished trading with 350,600 units, closed with a gain of 8 cents to new a new 52 weeks’ high of $2.06, making it the first of the three Lasco companies to break the $2 barrier although it was the last of the three to really shot up. Lasco Manufacturing end with 73,470 shares trading at $1.50, Medical Disposables traded 95,000 shares to end at a new 52 weeks’ high of $2.10 after adding 10 cents and Paramount Trading ended trading with 109,543 shares to end at $5.50, after trading as high as $6.10. At the close, Access Financial seems set to fall with an offer at $15.54 to sell 15,000 units well below the last traded price of $16.75.
Ansa McAl closes at new high
At the close of the market, the Composite Index rose 0.47 points to close at 1,162.20, the All T&T Index fell by just 0.01 points to close at 1,970.57 and the Cross Listed Index gained 0.13 points to end at 46.44.
Gains| Stocks increasing in price at the close are, Ansa McAl trading 2,660 shares valued at $178,433, closed at a 52 weeks’ high, with a gain of 1 cent at $67.08. One Caribbean Media with 935 shares changing hands, gained 3 cents, to close at $22.45, Sagicor Financial contributed 36,115 shares with a value of $225,108 and gained 19 cents, to close at $6.25 and West Indian Tobacco traded just 82 shares and closed 1 cent higher at $125.34.
Declines| The stocks declining at the end of trading are, Republic Bank fell 3 cents to close at $114.97 and Scotia Investments with 2,540 shares traded and closed down 2 cents to $1.45.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, a total of 47,962 Clico Investment Fund shares changed hands, for a value of $1,042,643 and closed at $22.55, First Citizens Bank traded 2,110 shares to close at $35.81, Grace Kennedy with a volume of 100,000 shares trading for $353,000, ended at $3.53. Massy Holdings traded 18,436 shares valued at $1,186,356 to close at $64.35, National Commercial Bank was the volume leader with 303,396 shares changing hands for a value of $546,113 to end at $1.80, National Flour Mills added 20,298 shares to close at $2 and Praetorian Property Mutual Fund closed with 2,000 units trading to close at $3.10.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator shows 1 stock with the bid higher than the last selling price and 2 stocks with offers that were lower.
7 stocks up 5 down
With 75 minutes of trading the main market indices rose moderately but the junior market index climbed 3.44 to a new high of 938.13 points.
Trading has been moderate with just 17 securities being active and accounting for 834,000 units, there are three new highs and one low so far.
The Jamaica Stock Exchange stock traded at a new all-time high of $6.50 and now has a bid at $6.55, Caribbean Cream traded at a new all-time high of $1.75 and Sagicor Group traded at $12.35 for a new 52 weeks’ high and KLE Group traded at 70 cents for a new low.