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CrediScotia buyout to boost LasFin’s profit

Lasco Financial Services doubles its $500 million loan portfolio with the acquisition Scotia Jamaica's Micro Finance Company Limited which trades as CrediScotia. According to a release from Lasco “the deal … [Read More...]

Supreme Ventures jacks dividend to $844M

Supreme Ventures has pushed up the dividend payment fresh after the major changes in ownership and recent board changes to $844 million. The new board declared an interim dividend of 14 cents per share … [Read More...]

Paramount adds chlorine & bleach

Paramount Trading is expanding its operations by offering chlorine and bleach products for contract manufacturing, the company reported. “The Company recently completed construction of the infrastructure … [Read More...]

Lasco Distributors drop to $7

Lasco Distributors shares dropped to $7 with 257,123 units trading after the courts handed partial judgement in its case for damages against Pfizer resulting from an injunction from selling the drug Salts … [Read More...]

Company News

FosRich IPO fair value

FosRich Company is heading to the capital market to raise $200 million from sale of just over 100 million shares at $2 each. The general public have been allocated 10,070,111 units, Stocks and Securities, … [Read More...]

Profit at Jamaican Teas rise 58%

Jamaican Teas enjoyed strong growth of 86 percent in profit after corporate taxes for the quarter to September amounting $39 million up from $21 million in the previous year. Profit before taxation rose … [Read More...]

Unilever shareholders’ pain

Unilever shareholders face a torrid time as very poor profit result in 2017 drove the stock price vastly lower than in 2016 and the price is poised to sink even lower as profits for the year cannot support … [Read More...]

CrediScotia buyout to boost LasFin’s profit

Lasco Financial Services doubles its $500 million loan portfolio with the acquisition Scotia Jamaica's Micro Finance Company Limited which trades as CrediScotia. According to a release from Lasco “the deal … [Read More...]

Featured Categories

Junior Market jumps 63 points

Trading on the Junior Market of the Jamaica Stock Exchange closed on Wednesday with the market Index jumping by 62.85 points to close at 3,066.53 arising from the prices of 4 securities advancing, 9 declining while 5 remained unchanged. Market activities closed with 18 securities changing hands, up from 17 on Tuesday resulting in an exchange of 726,097 … [Read More...]

Jamaican$ fairly stable on Wednesday

The Jamaican dollar rose in value in the foreign exchange trading on Wednesday, with the rate of exchange to buy the US dollar by the public, declined to $126.52 as dealers sold US$39.17 million of the US dollar, compared to US$43.27 million at an average rate of $126.54 on Tuesday. US currency purchases amounted to US$39.23 million on Wednesday, at an … [Read More...]

Early Christmas at Palace this week

With the Christmas holidays looming, the Jamaica Stock Exchange listed movie company, Palace Amusement is bringing the joy and bliss of the holiday season to the screens this week. Celebrate the delight of family with the comedic-drama; Daddy’s Home 2.  In Daddy’s Home 2, stepfather-Brad (Golden Globe nominee® Will Ferrell) and biological father-Dusty … [Read More...]

Bank of Jamaica cuts interest rate

Effective November 23, the rate offered on overnight placements with the Bank of Jamaica (BOJ), will be reduced to 3.25 percent from 3.50 percent, the BOJ announced today. The adjustment to rate, used by BOJ as the policy rate, reflects the Bank’s assessment that the inflation outlook for FY2017/18 and FY2018/19 will remain within its medium term inflation … [Read More...]

WITCO drops $8.01 on TTSE – Wednesday

West Indian Tobacco (WITCO) dropped $8.01 to a 52 weeks’ low of $112.99 trading 70 units on the Trinidad & Tobago Stock Exchange on Wednesday. The bid on the stock fell sharply from the last traded price of $121 reached on the November 2, the stock was offered at $112.99 on Tuesday after several weeks of it on offer well below the prior traded price. … [Read More...]

No B-Fxitt sale by BOJ in December

There are unlikely to be any sale of foreign exchange by Bank of Jamaica during December, a release from the central bank suggests. according to Jamaica’s central bank “market intelligence provided by authorised dealers and cambios on prevailing and prospective market conditions indicates that there is no need for the Bank to add foreign exchange to the … [Read More...]

FosRich IPO fair value

FosRich Company is heading to the capital market to raise $200 million from sale of just over 100 million shares at $2 each. The general public have been allocated 10,070,111 units, Stocks and Securities, broker for the issue is allocated 50 million units, key partners and staff have 40,385,000 allocated to them. Reserved shares, if not fully taken up, will … [Read More...]

Citizens Bank dominates TTSE trading

Trading ended with 13 securities changing hands on the Trinidad & Tobago Stock Exchange on Tuesday compared to 14 on Monday as First Citizens Bank dominated market activity with 69 percent of the volume of securities traded and 87 percent of the value. The market closed with 2 stocks advancing, 5 declining and 6 holding firm as 651,650 shares traded at … [Read More...]

Jamaican$ value improves – Tuesday

Trading in the foreign exchange market the rate of exchange to buy the US dollar by the public, declining again on Tuesday to $126.54 as dealers sold US$43.27 million of the US dollar, compared to US$41.70 million at an average rate of $126.58 on Monday. US currency purchases amounted to US$39.31 million on Tuesday, at an average rate of $125.59 compared … [Read More...]

6 Junior Market stocks rise 1 fall

The Junior Market Index advanced by 30.97 points to close at 3,003.68 on Tuesday with 17 securities changing hands, as the prices of 6 securities advanced, 1 declined and 10 remained unchanged. Trading on the Junior Market of the Jamaica Stock Exchange closed with resulting in an exchange of 1,885,937 units valued at $9,218,166 compared to 2,877,033 units … [Read More...]

JSE main market closes down – Monday

Trading on the Main Market and the US dollar market of the Jamaica Stock Exchange concluded trading on Monday with 26 securities changing hands, 8 advanced, 12 declined and 6 traded firm. The JSE All Jamaican Composite Index dropped by 1,137.09 points to close at 314,851.62 and the JSE Index sank by 1,036.02 points to close at 286,865.44. The US dollar … [Read More...]

Volatility hits prices on JSE main market

The JSE All Jamaican Composite Index dropped by 1,137.09 points to close at 314,851.62 and the JSE Index declined by 1,036.02 points to close at 286,865.44 on Monday as nine stocks had wild movement in prices ranging from 79 cents to $2. The US dollar market index fell 6.90 points to 161.90 as 3 securities traded in this market with a volume of 119,502 … [Read More...]