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$45 for Barita Investments rights

Barita Investments will offer 116,845,955 ordinary shares to its ordinary stockholders by way of a renounceable rights issue of 11 shares for each 100 own as of August 20. The exercise price will be $45 … [Read More...]

August off with record breaking run for JSE

The Junior Market of the Jamaica Stock Exchange is up 52.35 points to cross over the 3,500 points level for the first time in the market’s history. The move after an hour trading on Friday pushed the … [Read More...]

Record high for junior Market

The Junior Market of the Jamaica Stock Exchange has gained 58 points to reach a record high of 3,442.41, after just over two hours of trading and is now above the record closing high reached on September … [Read More...]

FX losses cut Wigton 2019 profit

Profit before tax at Wigton Windfarms fell from $768 million in 2018 to $727 million in 2019 from sales revenue of $2.44 billion for 2019 compared to $2.36 in 2018. The 2019 results include a net loss of … [Read More...]

Company News

Indies Pharma Q3 sales jump 45%

The financial news out of Indies Pharma for its third quarter to July were mixed at best as sale revenues jumped a strong 45 percent to $215 million from $148 million in the 2018 period but profit inched … [Read More...]

Acquisitions boost Derrimon’s profit

The acquisition of Woodcats International and the assumption of distributorship of the Trinidad based SM Jaleel and Company’s beverages helped to ratchet up performance for 2019 at Derrimon … [Read More...]

Q1 profit falls 13% at JBG

Profit at Jamaica Broilers Group fell 13 percent in the July quarter to $361 million from $413 million in 2018 but IC Insider.com computations point to strong gains in profit for the year that ends in … [Read More...]

Sygnus Credit a stock to watch

Sygnus Credit Investment a relatively new player in the financial market saw a 171 percent jump in interest income from US$1 million in 2018 to US$3 million for the financial year to June 2019. … [Read More...]

Featured Categories

3 TTSE stocks rise 2 fall – Monday

Market activity on the Trinidad & Tobago Stock Exchange ended on Monday with trading in 10 securities against 16 on Friday, with 3 stocks advancing, 2 declining and 5 remaining unchanged. At the close of the market, the Composite Index added 2.24 points to end at 1,416.51. The All T&T Index gained 2.78 points to 1,759.04, while the Cross Listed … [Read More...]

BOJ sold US$30m to FX market on Friday

Bank of Jamaica (BOJ) intervened in the foreign exchange market on Friday, October 18, the first time since July by selling US$30 million at a weighted average rate of $138.87 by means of a flash intervention. Bank of Jamaica introduced a bidding system when they intervene in the foreign exchange market officially called “Foreign Exchange Intervention and … [Read More...]

J$ gains moderate Jamaica’s inflation

Jamaica’s inflation rate eased 0.4 percent in September 2019 according to the All Jamaica Consumer Price Index recently released by the Statistical Institute of Jamaica (STATIN) as the Jamaican dollar appreciated from a low of J$138.1 to the US dollar well into late August. The rise in the value of the Jamaica dollar in the above period would reduce prices … [Read More...]

42% gain pushes MPC out of IC TOP 10

Infrequent trader MPC Caribbean Clean Energy after just six weeks on the TOP 10 main market chart with the price at $134 dropped out this week, with the price hitting $190 for a gain of 42 percent. MPC was the only stock leaving the main market listing and is replaced by Stanley Motta with the stock price dropping to $5.50. Jetcon Corporation returns to the … [Read More...]

More trading higher prices for JSE

The Jamaica Stock Exchange main market moved higher on greater volume and value than on Thursday with the JSE All Jamaican Composite Index gaining 2,291.72 points to 551,122.21 and the JSE Index rising 2,582.15 points to 501,776.77. At the same time, the JSE Financial Index that measures all the stocks in this sector in the three JSE markets rose 0.91 … [Read More...]

Junior Market volume dives – Friday

Trading on the Junior Market of the Jamaica Stock Exchange dropped sharply from Thursday’s level closed on Friday resulting in an exchange of just 808,904 units valued at $3,245,147 compared to 3,496,347 units valued at $14,565,501 on Thursday. At the close of market activities, 31 securities changed hands, similar to the number trading on Thursday and … [Read More...]

6 TTSE stocks rise 2 fall – Friday

Market activity on the Trinidad & Tobago Stock Exchange ended on Friday with trading in 16 securities against 12 on Thursday, with 6 stocks advancing, 2 declining and 8 remaining unchanged. At the close of the market, the Composite Index rose 0.34 points to 1,414.27. The All T&T Index added 2.45 points to end at 1,756.26, while the Cross Listed … [Read More...]

JSE majors steady on low volume

The Jamaica Stock Exchange main market inched higher on higher volume but lower value than on Wednesday with the market appearing to find support at current levels after falling more than 6 percent from the peak in the first week in August. At the close the JSE All Jamaican Composite Index added just 104.29 points to close at 548,200.49, the JSE Index … [Read More...]

Junior Market trading dips – Thursday

The Junior Market of the Jamaica Stock Exchange ended on Thursday with 31 securities changing hands, resulting in an exchange of 3,496,347 units valued at $14,565,501, down from 4,941,772 units amounting to $18,218,972 with 29 securities changing hands on Wednesday. At the close of market activities, the prices of 7 securities advanced, 14 declined and 10 … [Read More...]

All T&T index rises – Thursday

Market activity on the Trinidad & Tobago Stock Exchange ended on Thursday with trading in 12 securities against 14 on Wednesday, with 5 stocks advancing, 1 declining and 6 remaining unchanged. At close of the market, the Composite Index rose 3.36 points to 1,413.93. The All T&T Index added 3.10 points to 1,753.81, while the Cross Listed Index … [Read More...]

JMMB Group seeks buyers for J$12.4b

JMMB Group is offering 266,737,797 ordinary shares to the public with the option to upsize it to 325 million units and raise up to J$12.4 billion that would lift the existing capital from 1,630,552,532 units to 1.96 billion. The shares are priced at J$38 for existing shareholders, team members and key investors and J$38.75 for non-reserved share applicants … [Read More...]

Modest gains for JSE majors

The Jamaica Stock Exchange main market climbed marginally on lower volume and value with the JSE All Jamaican Composite Index adding just 166.56 points to close at 548,096.20, the JSE Index rising 168.54 points to 499,005.06 and the JSE Financial Index slipping 0.59 points to 135.60. Trading ended with 40 securities changing hands in the main and US dollar … [Read More...]