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100 listings for Jamaica Stocks Exchange

The Jamaica Stock Exchange (JSE) with the listing of four preference share issues on the Main Market by JMMB Group on April 19, achieved its hundredth listing of securities on the Exchange. JMMB Group … [Read More...]

FCIB 2nd Caribbean bank to abort US listing

  Firstcaribbean International Bank (FCI) announced that they have withdrawn their planned initial public offering ahead of its plan to list on the New York Stock Exchange. The Trinidad and … [Read More...]

JSE trading in record territory

Kingston Wharves jumped to a record $50 in trading 2,600 shares on Friday morning on the main market of the Jamaica Stock Exchange and helped to push the All Jamaica Index to an all-time record. At 11.22 … [Read More...]

T-bill rates lowest on record – April

Treasury bill rates declined to the lowest level on record, in the latest auction of bills on Wednesday this week. Information out of the country’s central bank in March indicates that there are no records … [Read More...]

Company News

100 listings for Jamaica Stocks Exchange

The Jamaica Stock Exchange (JSE) with the listing of four preference share issues on the Main Market by JMMB Group on April 19, achieved its hundredth listing of securities on the Exchange. JMMB Group … [Read More...]

FCIB 2nd Caribbean bank to abort US listing

  Firstcaribbean International Bank (FCI) announced that they have withdrawn their planned initial public offering ahead of its plan to list on the New York Stock Exchange. The Trinidad and … [Read More...]

Profit up at West Indian Tobacco

Profit before corporate taxes rose 6.8 percent to $105.8 million, for the three months ended March 2018, over the corresponding period in 2017 for Trinidad and Tobago’s West Indian Tobacco company. … [Read More...]

Berger’s Managing director bullish on future

Berger Paints just released its 2017 annual report, filled with a series of goodies for shareholders from talk of going after market share and adding new product lines to the addition and upgrading … [Read More...]

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New record close for JSE – Friday

Stocks closed at a new record high on the Jamaica Stock Exchange main market on Friday. Within 95 minutes of trading in the morning session the market was trading in intraday record territory, with the JSE All Jamaican Composite Index climbing by 3,266.33 points to territory of 328,244.31 and the JSE Index jumping 2,976.00 points to 299,067.67. By the … [Read More...]

Forex trading picks on Friday

Trading volumes declined sharply in the Jamaica foreign currency market on Friday, but the average trading rate against the US dollar fell, with inflows of US$38.7 million of all currencies and sale of US$33.34 million. On Thursday, the market closed with the equivalent of US$27.57 million bought by dealers of all currencies, while they sold US$34.96 … [Read More...]

Junior Market jumps 47 points – Friday

The Junior Market fell at the close of trading on Friday with 19 securities changing hands as the prices of 7 securities advanced, 5 declined and 7 remained unchanged as market Index jumped 46.58 points to 2,947.73. Trading ended with an exchange of 2,462,706 units valued at $9,020,103 up sharply from 1,190,114 units valued at $4,531,582 on … [Read More...]

100 listings for Jamaica Stocks Exchange

The Jamaica Stock Exchange (JSE) with the listing of four preference share issues on the Main Market by JMMB Group on April 19, achieved its hundredth listing of securities on the Exchange. JMMB Group listed its US dollar Cumulative Redeemable 5.5% and 5.75% Preference shares on the US dollar market while the Jamaican dollar Cumulative Redeemable 7.25% and … [Read More...]

FCIB 2nd Caribbean bank to abort US listing

  Firstcaribbean International Bank (FCI) announced that they have withdrawn their planned initial public offering ahead of its plan to list on the New York Stock Exchange. The Trinidad and Tobago Stock Exchange advised today, that they received notice from FCI advising of the withdrawal of the US registered public offering and listing of its … [Read More...]

Profit up at West Indian Tobacco

Profit before corporate taxes rose 6.8 percent to $105.8 million, for the three months ended March 2018, over the corresponding period in 2017 for Trinidad and Tobago’s West Indian Tobacco company. Profit for the quarter, after tax ended at $72.5 million, an increase of 7.6 percent over 2017. The improvement flowed from slightly lower cost of sales, … [Read More...]

2 gains 2 losses on TTSE – Friday

Market activity on the Trinidad & Tobago Stock Exchange ended on Friday with trading in 13 securities against 14 on Thursday, with 2 advancing, 2 declining and 9 remaining unchanged. Trading ended with 305,552 shares at a value of $8,200,326 compared to 329,306 shares at a value of $2,890,817 on Thursday. At close of the market the, Composite Index … [Read More...]

JSE trading in record territory

Kingston Wharves jumped to a record $50 in trading 2,600 shares on Friday morning on the main market of the Jamaica Stock Exchange and helped to push the All Jamaica Index to an all-time record. At 11.22 am, the JSE All Jamaican Composite Index climbed 3,135.84 points to a to be in intraday record high territory of 328,106.42 and the JSE Index was up … [Read More...]

Junior Market falls on Thursday

The Junior Market fell at the close of trading on Thursday with 19 securities changing hands, versus 20 on Wednesday, with gains in 8, declines in 7, while 4 remained unchanged. The Junior Market Index declined by 15.38 points to close at 2,901.15. Trading ended with an exchange of 1,190,114 units valued at $4,531,582 down sharply from 4,712,347 units … [Read More...]

Witco jumps $3.51 on TTSE – Thursday

West Indian Tobacco recovered the $3.51 drop on Wednesday to end at $88.51 and was the main reason for the rise in the Trinidad & Tobago Stock Exchange index on Thursday. Market activity ended on Thursday with trading in 14 securities against 10 on Thursday, with 2 advancing, 4 declining and 8 remaining unchanged. Trading ended with 329,306 shares at … [Read More...]

Forex trading drops on Thursday

Trading volumes declined sharply in the Jamaica foreign currency market on Thursday, but the average trading rate against the US dollar fell, with inflows of US$27.57 million of all currencies and sale of US$34.96 million. On Wednesday, the market closed with the equivalent of US$34.93 million bought by dealers of all currencies, while they sold US$54.24 … [Read More...]

US$ rate rises in BOJ FX auction

A total of 29 offers from dealers amounting to $18.35 million were presented for sale to Bank of Jamaica in the second buy side of B-FXITT foreign exchange auction held on Wednesday this week. The bank accepted 22 offers for the US$12 million it offered to buy. Despite the excess supply, the rate for the US dollar rose above the average rates dealers sold … [Read More...]