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More gains for Jamaican Dollar

The Jamaican dollar closed trading on Thursday at $144.48, an improvement over Wednesday’s closing selling rate of $145.30 to one US dollar. Since August when the rate hit a low of $151.27 against the US … [Read More...]

BOJ resets FX market

Massive speculation in the US dollar in Jamaica since March this year, maybe ending with the latest move by Bank of Jamaica exposing the extent of the market’s acceptance of rates above J$150 to one US … [Read More...]

10 to 1 stock split for Caribbean Flavours

Caribbean Flavours and Fragrances (CFF) is set to split their stock, subject to the approval of shareholders at a meeting to be held to consider the matter. The company will hold a special board meeting … [Read More...]

NCB releases Q3 results next week

NCB Financial Group advises that its board meeting to consider and approve the release of the nine-month unaudited financial statements at a board meeting scheduled for August 4, 2020. The company … [Read More...]

Company News

Scotia Q3 profit sinks 63%

Scotia Group, with its commercial banking, investments and insurance operations showed the negative impact of the COVID 19 virus from the April quarter with flat revenues and lower profit in the at period … [Read More...]

Seprod distributing cash and kind

The Jamaica Stock Exchange-listed Seprod Limited will be paying shares a dividend split between cash and shares in Eppley Caribbean Property Fund in October.   The Board of Directors of Seprod decided at … [Read More...]

Q3 profit jumps 43% for the Lab

Profit jumps 43 percent before tax at Limners and Bard trading as the Lab, with revenues up 41 percent for the third quarter. Aftertax, profit climbed 66 percent from $12.7 million to $21 million for the … [Read More...]

IPOs are back the Tropical issue

Just when investors thought COVID 19 had killed off IPOs for this year, suddenly pops up, Tropical Battery‘s long-promised initial public offer. The prospectus for the issue is now available to the … [Read More...]

Featured Categories

More gains for the Junior Market – Friday

There were more gains for the Junior Market of the Jamaica Stock Exchange at the close on Friday, following gains on two previous days, with the market index rising after trading picked up, with 33 percent more shares changing hands with a 48 percent increase in value than on Thursday. Trading concluded with 31 securities changing hands compared to 33 … [Read More...]

Volume rise, value falls on JSE USD market

The US dollar market of the Jamaica Stock Exchange closed trading on Friday, with the market declining after investors traded 172 percent more shares than on Thursday, but with a much lower value resulting in an even number of stocks rising and falling.  At the close of the market, trading ended with four securities changing hands compared to three on … [Read More...]

Declining TTSE stocks dominate market

Stock prices tumbled on the Trinidad and Tobago Stock Exchange on Friday, with the market declining after investors traded 183 percent more shares than on Wednesday after the market closed for the public holiday on Thursday. The market closed with eighteen securities trading with only one advancing, nine declining and eight unchanged.  Trading … [Read More...]

NCB US$ selling revalues Jamaican$

The Jamaican dollar continues to revalue from the low point reached in August $151.18, with the rate ending at J$$141.94 in Thursday's trading as National Commercial Bank (NCB) continues to be the primary seller of the US dollar for the week to date. For the week to Thursday, NCB sold off a net of US$24 million. Dealers bought US$32 million on Thursday and … [Read More...]

Barita gobbles up major market share

Fresh from its successful APO earlier this month that was oversubscribed, Barita Investments, accounted for 61 percent of the volume on the Jamaica Stock Exchange Main Market on Friday as investors exchanged 14.9 million shares with the last traded price of $77 per share, up 48 percent from the highest APO offer price of $52. Word on the street is … [Read More...]

Rise in JSE USD market

The US dollar market of the Jamaica Stock Exchange closed trading on Thursday, with the market inching higher after traded 50 percent more shares than on Wednesday, resulting in more stocks rising than falling.  At the close of the market, trading ended with three securities changing hands compared to three on Wednesday and ended with the prices of two … [Read More...]

Junior Market inches higher – Thursday

The Junior Market of the Jamaica Stock Exchange closed higher on Thursday, as the number of stocks rising and falling held even after 56 percent fewer shares changed hands than on Wednesday. Trading concluded with 33 securities changing hands compared to 23 on Wednesday and ended, with the prices of 10 stocks rising, the prices of 10  declining and 13 with … [Read More...]

JSE Main Market rises again

The Jamaica Stock Exchange Main Market ended trading on Thursday with the market rising after fewer stocks rose as investors exchanged 56 percent fewer shares, with a 59 percent higher value than on Wednesday. At the close, the All Jamaican Composite Index climbed 1,205.29 points to 407,251.72, the Main Index advanced by 1,208.99 points to 371,716.48 and … [Read More...]

Scotia Q3 profit sinks 63%

Scotia Group, with its commercial banking, investments and insurance operations showed the negative impact of the COVID 19 virus from the April quarter with flat revenues and lower profit in the at period but, profit after tax fell sharply for the July quarter by 63 percent, from $4.2 billion in 2019 to $1.55 billion in 2020. Profit after tax had … [Read More...]

Trading picks up for JSE Main Market

Trading climbed on Wednesday in Jamaica Stock Exchange Main Market activity, with 166 percent more shares changing hands valued 173 percent higher than Tuesday but the major market indices slipping even as nearly two times more stocks rose than fell. At the close, the All Jamaican Composite Index fell by 614.80 points to 406,046.43, the Main Index shed … [Read More...]

JSE USD market rises on reduced trading

Trading fell 74 percent at the close of the market on Wednesday than Tuesday as the US dollar market of the Jamaica Stock Exchange closed with the market index rising even as the prices of more stocks falling than rising.  At the close of the market, trading ended with three securities changing hands compared to five on Tuesday and closed with the price … [Read More...]

Gains for the Junior Market – Wednesday

The Junior Market of the Jamaica Stock Exchange closed on Wednesday, with the market rising after more stocks rose than fell as investors traded 41 percent fewer shares than on Tuesday. Trading ended with 23 securities changing hands compared to 34  on Tuesday and ended with the prices of 13 stocks rising, the prices of four declining and six with prices … [Read More...]