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High level of allocation for Fesco shares

Subscribers will get over 43 percent of the shares they applied for in the IPO of Future Energy Source, this will be one of the highest allocations in recent years for an IPO, but it may suggest a limited … [Read More...]

World Bank and CDB funds swell NIR

Net International Reserves surged 10 percent in March with a rise of US$303 to US$3.32 billion from US$3.016 billion at the end of February this year. The buildup comes against a huge selloff of US … [Read More...]

The boom continues

Net remittance inflows for January this year jumped a massive 39 percent or US$63 million above the January 2020 inflows to US$224.4 million, data from Bank of Jamaica shows. The sharp increase follows … [Read More...]

BOJ frees up banks’ dividend payments

Bank of Jamaica is advising that with immediate Effective, Financial Holding Companies and Other Deposit-Taking Institutions can choose to resume the distributions of dividends to shareholders owning more … [Read More...]

Company News

FosRich closes the year with strong 4th quarter

FosRich, a Junior Market listed company that is a distributor of lighting, electrical and solar energy products, recently added the manufacturing of PVC pipes and repairing of transformers to its list of … [Read More...]

BOJ frees up banks’ dividend payments

Bank of Jamaica is advising that with immediate Effective, Financial Holding Companies and Other Deposit-Taking Institutions can choose to resume the distributions of dividends to shareholders owning more … [Read More...]

Jamaica Broilers profit jumps 64%

Nine months through the fiscal year, profit after tax at Jamaica Broilers Group jumped 64 percent to $1.9 billion, up from $1.1 billion for the similar period to January 2020. The group had a solid third … [Read More...]

Fosrich APO coming

FosRich, a distributor of lighting, electrical and solar energy products and a Junior Market listed company, seems set to go back to the capital market to raise funds for expansion and reduce loan … [Read More...]

Featured Categories

T&TSE suffers minor slip on Tuesday

Market activity ended, with the market declining after investors traded 37 percent fewer shares on Tuesday than on Monday, resulting in more stocks falling than rising at the close of trading on the Trinidad and Tobago Stock Exchange. Trading ended with 20 securities changing hands similar to Monday and ended with five stocks rising, seven declining … [Read More...]

High level of allocation for Fesco shares

Subscribers will get over 43 percent of the shares they applied for in the IPO of Future Energy Source, this will be one of the highest allocations in recent years for an IPO, but it may suggest a limited upside for the price initially. Applicants in the General Public Pool receives 1,000 shares plus aroud 43.876 percent of the excess for they applied. The … [Read More...]

Falling stocks day

Market activity recorded a big bounce on Monday, from Friday’s very low level of trading and ended with the volume of stocks traded surging 121 percent and the value up 436 percent over Friday’s tepid levels, with more stocks falling than rising, at the close of the Jamaica Stock Exchange Main Market. The All Jamaican Composite Index declined 1,972.70 … [Read More...]

Down day for Junior Market

Trading closed on Monday with the market volume retreating 38 percent from Friday’s trades, while the value fell 32 percent on a day when declining stocks outnumbered rising ones almost two to one and pressured the market index into a sizeable fall at the close of the Junior Market of the Jamaica Stock Exchange. The Junior Market Index dropped 40.82 points … [Read More...]

JSE USD stocks mostly fall

Trading picked up with a 231 percent rise in the volume of shares on Monday than on Friday, on the US dollar market of the Jamaica Stock Exchange, resulting in more stocks falling than rising, but the market index still manages to squeeze out a narrow gain. Trading ended with six securities changing hands, compared to five on Friday with prices … [Read More...]

Stocks recorded gains down under

Stocks mostly rose in market activity on Monday, with the market rising after investors traded 36.35 percent more shares than on Friday, but with a lower value at the close of trading on the Trinidad and Tobago Stock Exchange. Overall, 20 securities traded compared to 17 on Friday, with the prices of six rising, three declining and 11 remaining … [Read More...]

IC TOP10 gaining from rising Junior Market

Trading in a week cut short by the Easter Monday public holiday and half a day on Friday saw the Junior Market continuing its bullish rise, to sit just a few points below the January 2020 close, but the Main Market continues to consolidate, sitting well below last April peak and even worse, the February level of over 500,000 points. The past week saw … [Read More...]

Main Market slips into the weekend

Trading ended with the market declining on the shortened Friday session with the market closing after just two hours of activity in keeping with scheduled early closure, which led to sharply reduced activity rising of 55 percent fewer shares with a value that was 49 percent less than on Thursday on the Jamaica Stock Exchange Main Market. The All Jamaican … [Read More...]

Juniors hit new 14 months high on Friday

Trading closed on Friday, with the market rising to sit just 8 points away from the February 2020 high of 3,066.67 on the first trading day in the month after the Junior Market gained 18.23 points to close at 3,058.26. The market opened 3,017.24 points and gradually wind its way upwards to a peak of 3,062.24 points for the day with just eight minutes of … [Read More...]

Majority of stocks fall on Friday

Trading sank on the shortened trading session on Friday with 73 percent fewer shares changed hands than on Thursday, on the Jamaica Stock Exchange US dollar market, resulting in no stock recording gains and sending the market index into a decline for the day and for a shortened week.   Trading ended with five securities changing hands, compared to seven … [Read More...]

Stocks closed with gains on Friday

Stocks trading on Friday delivered a 128 percent increase in volume than on Thursday, but the value fell 21 percent, with the prices of more stocks rising than falling at the close of the Trinidad and Tobago Stock Exchange. Trading ended with 17 securities changing hands, similar to Thursday, with prices of six rising, two declining and nine remaining … [Read More...]

World Bank and CDB funds swell NIR

Net International Reserves surged 10 percent in March with a rise of US$303 to US$3.32 billion from US$3.016 billion at the end of February this year. The buildup comes against a huge selloff of US dollars by dealers in the market between January and March, but the bulk of the increase did not come from normal inflows, information provided to this … [Read More...]