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Indies Pharma IPO 2.5 times over

Indies Pharma went to the capital market last week Thursday to raise $248.4 million from 174 million shares for its own use while existing shareholders offered 92.5 million units to raise nearly $139 … [Read More...]

Treasury bill rates plunged

Treasury bills rates plunged at the latest auction to raise $1.4 billion for Government of Jamaica held today. At the latest Treasury bill auction the rate on the 91 days bill declined by just over 58 … [Read More...]

New high for All Jamaica

NCB Financial climbed to $99 seconds after trading opened on Friday while trading just 460 shares and helped to push the main market into record territory. The All Jamaican Composite Index climbed … [Read More...]

All Jamaica Index at record 340,000

The Jamaica Stock Exchange All Jamaica Composite Index has now broken into the 340,000 points level for the first time in the market history. After 45 minutes of trading, the All jamaica index rose … [Read More...]

Company News

Profit jumps 59% at Carib Cream

Profit jumped 59 percent in the quarter to May, to $55 million from $35 million in 2017 from sales revenue that rose 29 percent to $412 million from $319 billion in 2017 for Caribbean Cream that trades as … [Read More...]

JSE majors 300 points from record

At the close of the trading on Friday, the All Jamaican Composite Index sits just 300 points and the JSE Index just 276 points from the record high reach on June 13, after rising over 1,200 points on … [Read More...]

Derrimon hikes profit 45%

Revenues for the Derrimon Trading first quarter March this year, climbed 27 percent to $1.94 billion above the $1.53 billion reported for the 2017 quarter and led to a big hike in profit. The company … [Read More...]

10 to 1 stock split for Derrimon

Investors continue to be poorly served in a number of cases in the Jamaica Stock Market with inconsistent observance of rules and regulation. Under the Jamaica Stock Exchange rules a listed company is to … [Read More...]

Featured Categories

Indies Pharma IPO 2.5 times over

Indies Pharma went to the capital market last week Thursday to raise $248.4 million from 174 million shares for its own use while existing shareholders offered 92.5 million units to raise nearly $139 million. Information reaching IC Insider.com indicates that the offer that closed on Friday attracted some 2,800 applications, covering over than $1 billion … [Read More...]

Treasury bill rates plunged

Treasury bills rates plunged at the latest auction to raise $1.4 billion for Government of Jamaica held today. At the latest Treasury bill auction the rate on the 91 days bill declined by just over 58 basis points to just 1.9596 from to 2.544 percent at the June auction, while the 182 days instrument average rate dipped 65 basis points to 2.07 percent from … [Read More...]

More Junior Market losers than winners

Trading on the Junior Market of the Jamaica Stock Exchange declined on Wednesday compared with Tuesday’s levels as only 20 securities trading and no company contributing a large trade as occurred on Tuesday. Trading resulted in an exchange of 1,512,347 units valued at $7,031,079 compared to 3,567,155 units valued at $16,970,111 on Tuesday as 20 securities … [Read More...]

Just 10 TTSE securities trade – Wednesday

Trading activity fell on the Trinidad & Tobago Stock Exchange on Wednesday with trading in only 10 securities against 18 on Tuesday, leading to just 98,449 shares valued at $2,541,743 compared to 308,275 units valued $3,718,664 changing hands on Tuesday. Trading closed with 5 securities advancing, 4 declining and 1 remaining unchanged and the … [Read More...]

Volume up prices down on JSE on Tuesday

Trading picked up on the Jamaica Stock Exchange on Tuesday, compared to the very modest level on Monday. Trading ended with an exchange of 2,832,561 units valued at over $81,949,830 compared to a mere 1,455,806 units valued just $24,016,207 on Monday. The pickup in trading did not result in the continuation of a rise in the indices that occurred on Monday … [Read More...]

Lasco Financial grabs 77% of trading

Trading on the Junior Market of the Jamaica Stock Exchange climbed over 200 percent on Tuesday over Monday’s levels, with Lasco Financial accounting for 2,755,556 units and 77.25 percent of the volume of 3.57 million units traded. Lasco traded the largest volume, one day after the company released first quarter results with profit rising 59 percent before … [Read More...]

18 stocks trade on TTSE – Tuesday

Trading picked up on the Trinidad & Tobago Stock Exchange ended on Tuesday with trading in 18 securities against 16 on Monday, leading to 308,275 shares valued $3,718,664, changing hands compared to 355,041 shares on Monday valued at $3,374,053. Trading closed with 3 securities advancing, 4 declining and 11 remaining unchanged. The Composite Index … [Read More...]

Good gains for JSE indices on Monday

After falling sharply on Friday the Jamaica Stock Exchange climbed on Monday, when the All Jamaican Composite Index rose 1,436.28 points to close at 338,098.53 and the JSE Index rising 1,308.61 points to 308,045.93 as trading levels was miniscule. Activities in the main markets and US dollar market resulted in 28 securities trading including 4 from the US … [Read More...]

12 Junior Market stocks rise 11 fall – Monday

The prices of 12 securities rose, 11 declined and 5 traded unchanged, resulting from 28 securities changing hands on the Junior Market of the Jamaica Stock Exchange on Monday, compared to 20 trading on Friday. At the close of trading, the market Index declined by 30.80 points to close at 3,036.12, with 1,119,859 units valued at $4,503,207 changing hands, … [Read More...]

Inflation in June but deflation intact

Jamaica recorded an increase of 0.4 percent inflation for June, leaving country still in deflation for the year to June at negative 0.3 percent and inflation for the last twelve months to 2.8 percent. “Housing, Water, Electricity, Gas and Other Fuels, moved up by 1.2 percent, an upward movement in the rate for electricity resulted in the group ‘Electricity, … [Read More...]

Unilever & Witco jumps sharply on TTSE – Monday

Unilever Caribbean jumped $2.48 to $29.23, trading 947 shares and West Indian Tobacco climbed $1.66 to $88.49, exchanging 6,826 shares on the Trinidad & Tobago Stock Exchange on Monday, and pushed the market higher. At the close, 16 securities traded against 14 on Friday as 5 advanced, 2 declined and 9 remained unchanged. The Composite Index advanced … [Read More...]

Stocks to Watch this week

There are clear signs that the usual summer rally has started on the Jamaica Stock Exchange, with the main market hitting new highs on all five trading days during the past week, and ending at record closing highs on all, except on Friday. The main market entered record territory, minutes after opening on Friday with the All Jamaican Composite Index … [Read More...]