Trading on the Trinidad Stock Exchange remains moderate but ended with 9 securities changing hands of which 5 advanced, none declined and 4 traded firm, with a total of 71,360 units, valued at $1,185,423.
At the close of the market, the Composite Index advanced by 0.59 points to 1,152.56, the All T&T Index rose 0.49 points to close at 1,968.41 and the Cross Listed Index increased by 0.09 points to close at 44.14.
Gains| Stocks increasing in price at the close are, Clico Investment Fund traded 7,480 shares valued at $168,674 with the price rising 1 cent to $22.56. First Citizens Bank traded just 33 shares to close at $35.69, up 1 cent. JMMB Group with 30,000 shares changing hands, closed 1 cent higher at 47 cents, Point Lisa traded 1,100 units to close 9 cents higher at $3.69, but the bid closed at $3.75 to buy 155,625 shares and Unilever had 140 units trading at $66.09 to gain 1 cent, for a new 52 weeks’ high.
Declines| No stocks declined at the end of trading on Tuesday.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, National Enterprises contributing just 10 shares at $17.30 while Praetorian Property Mutual Fund traded just 2,000 shares at $3.10, Sagicor Financial Corporation traded 11,000 shares at $5.90 and Scotiabank traded 4,500 shares valued at $280,485 to close at $62.33.
National Commercial Bank did not traded but closed with a bid of $1.50, the same price as the last sale to buy 24,859 units at $1.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.
Archives for April 2015
5 stocks gained on TTSE
Market holding poised to gain more
Jamaica Stock Exchange activity saw 22 securities trading up to midday on Tuesday leading to 
the all Jamaica composite Index being up 1,146.53 points to 98,778.94 and the JSE market Index gained 1,025.48 points to 89,495.97.There were 5 securities trading in the junior market. In the main market Caribbean Cement traded 9,060 units at $3, up by 30 cents and now have a bid for 100,000 units at $3.30, Carreras’ bid is at $46.01 but for only 585 units, the stock last traded on Tuesday at $45. Desnoes & Geddes bid is at $6.05 for a small volume versus $5.90 at the last sale on Tuesday, JMMB Group has a bid at $7.56 versus the last sale of $7.50.
Market up so far & heading higher
Jamaica Stock Exchange activity was off to a slow start on Tuesday but trading picked and is continuing on its bullish stance of recent days, with the all Jamaica composite Index
being up 1,181.01 points to 98,813.42and the JSE market Index gained 1,056.32 points to 89,526.81.Only 3 securities have traded in the junior market so far with Lasco Distributors being the lead trade in this market with 75,720 shares at $1.30 down by 7 cents.
In the main market Caribbean Cement traded 9,060 units at $3, up by 30 cents, Jamaica Producers gained 50 cents with 10,000 units changing hands at $17.50, National Commercial Bank traded 1,440 shares at $27.99, Pan Jamaican Investment climbed $3.97 to $60 with 6,550 shares, Sagicor Real Estate X Fund had a large trade of 873,309 units at $6.55, Supreme Ventures posted 43,900 shares at 3.10 and Jamaica Money Market Brokers Ltd 8.75% preference share traded 196,146 units at $3.20 after gaining 13 cents.
No end to J$ devaluation yet
The slippage of the Jamaican dollar continued on Monday against all its main trading currencies. Purchases of all currencies by dealers on Monday amounted to US$47,599,698 equivalent, compared with US$28,651,795, on Friday and selling of the equivalent of US$45,306,652 versus sale of US$28,357,266, previously.
In US dollar trading, dealers bought US$40,204,355 compared to US$25,241,737 on Friday. The buying rate for the US dollar was up 4 cents to $114.81 and US$38,650,336 was sold versus US$26,240,617 on Friday, the selling rate rose 4 cents to end at $115.43. The Canadian dollar buying rate gained $2.24 to $94.70 with dealers buying C$4,871,468 and selling C$6,032,486, at an average rate that rose $1.12 to $95.93. 
The rate for buying the British Pound fell 61 cents to $171.08 for the purchase of £1,684,985, while £569,172 was sold, at an average rate that climbed $1.07 to $174.90. At the end of trading it took J$125.37 to purchase the Euro, 83 cents more than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$122.83 for a rise of 73 cents from Friday’s rate. Other currencies bought, amounted to the equivalent of US$866,764, while the equivalent of US$780,456, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 7 cents to $115.72. The lowest buying and the highest selling rates remained unchanged at $93.94 and $120.37 respectively. The lowest selling rate fell 17 cents to $93.77. 
The Canadian dollar fell 58 cents to $95.70. The lowest buying rate was unchanged at $74.45, the highest selling rate declined 65 cents to $97.15 and the lowest selling rate gained 25 cents to $90. The highest buying rate for the British Pound, rose $1.15 to $176.25, the lowest buying rate increased $2.32 to $139.44, the highest selling rate climbed $1.73 to $179.76 with the lowest selling rate climbing $2.80 to $168.
JSE powering up to break resistance
JSE closed at a new 52 weeks’ high of $2.90 by posting a gain of 89 cents
Monday’s reading suggest a continuation of the bullish tone, although it suggest that there could be less stocks gaining in the main market than on Monday.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 13 stocks with bids higher than their last selling prices and 4 with offers that were lower.
Main Market| The JSE Market Index gained 1,055.74 points to 88,470.49, the JSE All Jamaican Composite index rose 1,180.37 points to close at 97,632.41 and the JSE combined index increased by 953.26 points to close at 90,100.14. In all, 28 securities changed hands, ending in 1,437,587 units trading, valued at $28,055,047, in all market segments and 4 stocks closed at new 52 weeks’ high.In trading, Barita Investments closed with 130,500 shares trading at $2.07, for a 12 cents gain, Caribbean Cement had 26,500 units changing hands 20 cents higher at $2.70. Carreras closed trading with 12,563 shares at $45 but traded as high as $46.50 for a new 52 weeks’ intraday high but lost $1 at the end. Grace Kennedy put through 26,573 units to gain 43 cents and end at $62.99, Jamaica Broilers put on 20 cents with 11,628 shares trading, at $4.80. Jamaica Stock Exchange closed with 37,512 units trading at $2.90, after putting on 89 cents gain, to end at a 52 weeks’ high, National Commercial Bank traded at a new 52 weeks’ intraday high of $28, with 840,067
shares changing hands, the stock closed at a 52 weeks’ high of $27.01 with an increase of 29 cents. Pan Jamaican Investment traded just 500 shares to close with a gain of 75 cents at $56.03, Sagicor Group traded 34,338 units at $10.61, to record a gain of 6 cents, Scotia Group had 30,477 shares trading, to close at $22.66 for a 66 cents gain, to close at a 52 weeks’ high. Supreme Ventures closed at a 52 weeks’ high of $3.10 with just 20,000 shares changing hands and put on 23 cents and Jamaica Money Market Brokers 8.75% preference share traded 76,000 units at $3.07 as the price slipped by 13 cents.
Juniors still not partying
Activity on the Junior Market closed with 7 securities trading and ending with only 85,855 units changing hands, valued at $268,199. The JSE Junior Market Index declined 4.29 points to close at 739.38. At the close 2 stocks fell and none record a price increase, as investors shun the juniors in favour of the main market stocks.
At the close of the market, there were 6 stocks with bids higher than their last selling prices and 2 with offers that were lower. The junior market ended with 4 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Consolidated Bakeries traded 3,234 shares at 82 cents, Dolphin Cove had 10,000 shares trading at $2.70, Eppley traded just 221 units unchanged at $380, Knutsford Express closed unchanged at $6 with just 300 shares changing hands. Lasco Distributors traded 31,100 shares to close at $1.37 after losing 3 cents, Lasco Financial Services had 40,000 units trading at $1.10 with a fall of 5 cents and Lasco Manufacturing with only 1,000 shares ended at $1.07, but had a bid at $1.15 at the close.
No decline Monday on TTSE
Trading on the Trinidad Stock Exchange remains moderate, but ended with 11 securities changing hands, of which 4 advanced, none declined and 6 traded firm, with a total of 495,879 units, valued at $1,443,300.
At the close of the market, the Composite Index advanced by 1.11 points to 1,151.97, the All T&T Index rose 1.54 points to close at 1,967.92 and the Cross Listed Index increased by 0.09 points to close at 44.05.
Gains| Stocks increasing in price at the close are, JMMB Group with 363,145 shares changing hands for a value of $163,428 to close 3 cents higher at 43 cents, Massy Holdings trading 931 shares to close at $63.37 with a gain of 26 cents. Scotiabank traded 3,367 shares valued at $213,198 to close with a gain of 3 cents and end at $62.33 and Trinidad Cement with 84,445 shares trading for $224,679 to end with a 16 cents gain to $2.77.
Declines| No stocks declined at the end of trading on Monday.
Firm Trades|Stocks closing with prices unchanged at the end of trading are, Ansa Merchant Bank with 1,000 shares at $38.95, Clico Investment Fund traded 7,480 shares valued at $168,674 with the price remaining at $22.55. 
First Citizens Bank traded 2,373 shares to close $35.61, Grace Kennedy traded 350 units to close at $3.50, Guardian Holdings added 9,358 shares valued at $131,479.90 to close at $14.05. National Enterprises contributed 17,430 shares with a value of $301,539 and ended at $17.30, while Prestige Holdings with 6,000 shares traded at $10.
IC bid-offer Indicator|At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.
NCB pushes index
National Commercial Bank traded 508,263 shares at a new 52 weeks’ high of $27 on the Jamaica Stock Exchange on Monday morning
and helped to push the all Jamaican Index by 388 points. The stock subsequently traded at $28, while Supreme Ventures traded 20,000 units at a new 52 weeks’ high of $3.10.
Trading resulted in 13 securities trading including 3 from the junior market. A total of 658,835 units traded at 10.45am. Carreras traded 3,878 units but slipped back $1 to $45. Stocks not trading as yet but look promising are Caribbean Producers with the bid at $2.70 to buy 18,348 shares, the stock last traded at $2.70 on Friday. AMG Packaging had a bid for 21,262 shares at $2.33 compared to last sale of $2.26, Caribbean Cream with a bid to buy 535,715 shares at 70 cents versus last sale of 65 cents, Dolphin Cove with 95,864 shares on the bid at $9.20 where it traded this morning, General Accident Insurance having a bid for 663,735 units at $1.70 the same as the last price.
Juniors not partying yet
Activity on the junior market was moderate, on a day when the main market recorded another session of strong gains, as investors’ focus seems to be more on the stocks of bigger companies. Based on the strong profit performance of many of the junior market companies, it’s only a matter of time that more interest will be paid to junior market companies as investors seek out profitable trades.
At the close of trading only 6 securities traded and ending with 476,829 units changing hands valued at $1,177,602. The JSE Junior Market Index declined 1.78 points to close at 743.67, with the price of 3 stocks advancing and 4 declining.
At the close of the market, there were 4 stocks with bids higher than their last selling prices and 1 with a lower offer. 
The junior market ended with 5 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Blue Power traded 295 units to end at $7.51, Caribbean Producers had 356,822 shares trading at $2.70, Knutsford Express traded 600 shares at $6, Lasco Distributors traded 6,973 shares to close with a gain of 2 cents at $1.40. Lasco Financial Services 3,454 units traded at the close at $1.15 and Medical Disposables traded 108,685 and closed unchanged at $1.80.
2 weeks of decline for J$
The slippage of the Jamaican dollar continued on Friday and was unabated against the US dollar since Tuesday April 14. Purchases of all currencies by dealers on Friday amounted to US$28,651,795 equivalent, compared with US$32,959,776, on Thursday and selling of the equivalent of US$28,357,266 versus sale of US$32,149,238, previously.
In US dollar trading, dealers bought US$25,241,737 compared to US$29,244,108 on Thursday. The buying rate for the US dollar was unchanged at $114.77 and US$26,240,617 was sold versus US$29,126,877 on Thursday, the selling rate rose 9 cents to end at $115.39. The Canadian dollar buying rate fell $1.16 to $92.45 with dealers buying C$898,214 and selling C$1,039,537, at an average rate that rose 47 cents to $94.81. 
The rate for buying the British Pound rose $1.19 to $171.69 for the purchase of £1,113,056, while £340,322 was sold, at an average rate that climbed 92 cents to $173.83. At the end of trading it took J$124.55 to purchase the Euro, 96 cents more than on Thursday , according to data from Bank of Jamaica, while dealers purchased the European common currency at J$122.11 for a rise of 90 cents from Thursday ’s rate. Other currencies bought, amounted to the equivalent of US$1,021,450, while the equivalent of US$749,751, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 12 cents to $115.65. The lowest buying rate inched up 17 cents to $93.94, the highest selling rate remained unchanged at $120.37 and the lowest selling rate rose 17 cents to $93.94.
The highest buying rate for the Canadian dollar rose $1.28 to $96.28. The lowest buying rate was unchanged at $74.45, the highest selling rate gained 69 cents to $97.80 and the lowest selling rate gained 5 cents to $89.75. The highest buying rate for the British Pound, dropped $1.66 to $175.10, the lowest buying rate declined 66 cents to $137.12, but the highest selling rate fell 47 cents to $178.03 with the lowest selling rate falling 80 cents to $165.20.
