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Minority owners disrupt NCB’s Guardian offer

NCB Financial Group has advised that the offer to acquire up to 62 percent of Guardian Holdings shares lapsed due to failure for condition 2.4.5 of the Offer. The conditions in summary stipulates that … [Read More...]

Treasury bill rates plummet

Interest rates on Government of Jamaica Treasury bills reached their lowest levels in decades with the latest round of treasury bills falling sharply as $9.1 billion dollars chased after the limited amount … [Read More...]

Elite IPO put off for now

The initial public offer of 71 million shares in Elite Diagnostic that was to have opened to the public on Monday January 22 but put back to Wednesday January 24 has been put off once again. The … [Read More...]

Bank of Jamaica chops interest rate

Interest rates on the Bank of Jamaica overnight policy rate was slashed by 7.7 percent effective 18 January 2018. The policy interest rate which is offered on overnight placements with the Bank will be … [Read More...]

Company News

Minority owners disrupt NCB’s Guardian offer

NCB Financial Group has advised that the offer to acquire up to 62 percent of Guardian Holdings shares lapsed due to failure for condition 2.4.5 of the Offer. The conditions in summary stipulates that … [Read More...]

Jamaica’s Q4 growth could hit 2%

Bank of Jamaica (BOJ) estimates that the Jamaican economy grew, within the range of 1 to 2 percent for the December 2017 quarter. “With the exception of producers of Government Services, all sectors are … [Read More...]

Improved Q4 results at Productivity Business

Productivity Business Solutions reported a 21 percent reduction in loss for 2017 to US$1.7 million for the December quarter and an increase of 76 percent to US$4.9 million for the full year after taxation … [Read More...]

39% jump in JMMB’s Q3 profit

JMMB Group enjoyed a strong third quarter, with profit after tax jumping sharply by 39 percent, to $871 million from $628 million in 2016 and earnings per share of 53 cents, from a rise in revenues, net of … [Read More...]

Featured Categories

FX trading falls for the week

The selling rate of Jamaican dollar fell 42 cents in value against the United States dollar for the week ending Friday, but the rate dealers bought US dollar fell 30 cents from the closing rate of the previous week. For the week, dealers traded less foreign currency that in the prior week. They purchased US$174 million in all currencies, down from US$185 … [Read More...]

Elite Diagnostics grabs 77% of trades

Recently listed Elite Diagnostics dominated trading on Junior Market on Friday with 4 million shares or 77 percent of trading, with no trade exceeding 172,000 units. On Thursday the company accounted for just over 84 percent of volume of stocks trading resulting in 6,672,725 units, up from 2,520,373 shares that were exchanged on Wednesday. The market … [Read More...]

Minority owners disrupt NCB’s Guardian offer

NCB Financial Group has advised that the offer to acquire up to 62 percent of Guardian Holdings shares lapsed due to failure for condition 2.4.5 of the Offer. The conditions in summary stipulates that the conclusion of the offer is subject to there being no action instituted or threatened or investigation by government or its bodies or legal action that … [Read More...]

All 3 TTSE indices falter – Friday

Market activity on the Trinidad & Tobago Stock Exchange closed on Friday with trading in 17 securities, against 14 trading on Thursday, resulting in 4 stocks rising, 5 declining and 8 remaining unchanged. At close of the market the, Composite Index shed 2.02 points on Friday to 1,268.71, the All T&T Indexfell 0.37 points to 1,701.57, while the … [Read More...]

FX demand dips revalues Jamaican$

The Jamaican dollar continues the recent decline in value against the United States dollar on Thursday, ending with a fall of 16 cents in the rate to buy the US dollar while the rate paid by dealers climbed 52 cents. The British Pound and the euro also lost ground against the Jamaican dollar at the end of FX trading on Thursday. Inflows of all currencies, … [Read More...]

Elite Diagnostics dominates trading with 84%

Recently listed Elite Diagnostics accounted for just over 84 percent of volume of stocks trading resulting from 6,672,725 units, up from 2,520,373 shares that were exchanged on the Junior Market, on Wednesday. The market closed on Thursday with 18 securities changing hands, resulting in an exchange of 7,902,138 units valued at $25,165,370 compared to … [Read More...]

Trinidad stocks inched higher – Thursday

Market activity on the Trinidad & Tobago Stock Exchange was moderate on Thursday with trading in just 14 securities, against 11 trading on Wednesday. The market closed with 4 stocks rising, 3 declining and 7 remaining unchanged. At close of the market the, Composite Index gained 0.87 points on Thursday to 1,270.73, the All T&T Indexrose 0.73 … [Read More...]

More Jamaican dollar losses – Wednesday

The Jamaican dollar continues the recent decline in value against the United States dollar on Wednesday, ending with a rise of 8 cents in the rate to buy the US dollar while the rate paid by dealers fell 29 cents. Inflows of all currencies, totaled US$35.05 million, versus US$36.98 million on Tuesday with the selling of US$33.63 million in contrast to … [Read More...]

Elite Diagnostics shares jump 52%

Heavily oversubscribed Initial Public Issue, Elite Diagnostics rose $1.03 for a 52 percent gain from the IPO price, to close at $3.03 after trading as high as $3.40, as a total of 2,520,373 shares were exchanged on the Junior Market, on Wednesday. Elsewhere, GWest dropped to $2.50 following investors’ reaction to the results for the December quarter that … [Read More...]

Trinidad stock market in steady mode – Wednesday

Market activity on the Trinidad & Tobago Stock Exchange was moderate on Wednesday with trading in just 11 securities, against 19 trading on Tuesday. The market closed with 3 stocks rising, 1 declining and 6 remaining unchanged. IC bid-offer Indicator|At the end of trading, on Friday, the Investor’s Choice bid-offer indicator reading shows 4 stocks … [Read More...]

Jamaica’s Q4 growth could hit 2%

Bank of Jamaica (BOJ) estimates that the Jamaican economy grew, within the range of 1 to 2 percent for the December 2017 quarter. “With the exception of producers of Government Services, all sectors are estimated to have grown for the quarter,” BOJ said. Both tradable and non-tradable industries are estimated to have expanded for the quarter with tradables … [Read More...]

JSE main market rise again- Tuesday

The Jamaica Stock Exchange ended on Tuesday with gains in the indices for a second day. At the close the JSE All Jamaican Composite Index gained 731.91 points to 317,872.87 and the JSE Index advanced by 666.86 points to 289,618.13. Trading on the Main Market of the Jamaica Stock Exchange ended on Tuesday with as 9 advanced, 10 declined and 9 traded with … [Read More...]