Archives for May 2015

Lasco Financial at new high

May 28, 2015 by

Mayberry buys more Lasco Financial shares on Thursday as the stock traded at an all-time high of $1.68.

Mayberry buys more Lasco Financial shares on Thursday as the stock traded at an all-time high of $1.68.

Lasco Financial Services traded at a new all- time high of $1.68 during the trading session on Thursday. Fairly heavy trading in the stock within minutes of the close, saw 1,483,076 units changing hands and the price slipping to $1.57 for a new closing high, two days after Mayberry bough 20 percent of the company and after the company reported profits of $190 million or 15.5 cents per share for the year to March. Mayberry bought additional shares for their own account by way of crosses towards the end of trading, leaving no stock on offer at the close.
Trading ended on the Junior Market with 9 securities changing hands, and ended with a total of 1,913,100 units valued at $2,968,161. The JSE Junior Market Index gained 1.68 points to close at 870.40, with the price of 3 stocks advancing and 3 declining and 1 closing at 52 weeks’ high.
At the close of the market, there were 6 stocks with bids higher than their last selling prices and none with lower offers. The junior market ended with 3 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
The other stocks trading in the junior market are, Caribbean Cream with 200,000 shares changing hands to close unchanged at $1.10, JM cht 28-5-15Caribbean Flavours & Fragrances finished trading with 3,000 shares to close unchanged at $2, Caribbean Producers with 1,000 shares trading, ended lower by 9 cents at $2.90, General Accident Insurance traded just 100 units at $2.02 and lost 2 cents. Jamaican Teas traded with 25,000 shares changing hands to close 10 cents higher at $3.50, with results released for the company, the supply that was overhanging the market has disappear with only offers between $4 and $5.50 for a total of 50,000 shares in the market. Lasco Distributors traded 44,266 shares, unchanged at $1.60, Lasco Manufacturing traded 148,658 shares as the stock traded lower by 2 cent to $1.25 and Medical Disposables had 8,000 units changing hands at $1.95.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , ,

NCB trades at J$35 on TTSE

May 28, 2015 by

NCB closed in Jamaica at $30.10 but ended at the equivalent of J$35 in Trinidad on Thursday

NCB closed in Jamaica at $30.10 but ended at the equivalent of J$35 in Trinidad on Thursday

Trading on the Trinidad Stock Exchange saw Jamaica’s National Commercial Bank ended at a new 52 weeks’ high, the overall market closed with 12 securities changing hands of which 4 advanced, 1declined and 7 traded firm with a total of 462,669 units, valued at $4,056,017.
At the close of the market, the Composite Index rose 4.60 points to close at 1,165.93, the All T&T Index fell 1.24 points to close at 1,968.57 and the Cross Listed Index increased by 1.40 points to end at 47.70.
Gains| Stocks increasing in price at the close are, National Commercial Bank with 105,021 shares changing hands for a value of $204,641 and enjoying an increase of 20 cents to end at a new 52 weeks high of $1.95 or the equivalent of J$35, nearly $5 higher than in Jamiaca. Point Lisas Industrial Port Development traded 75,000 shares valued at $285,750, gained 1 cent and closed at $3.81, Republic Bank traded 560 shares to close with a gain of 1 cent at $115 and Scotia Investments contributed 80,500 shares with a value of $118,335 and closed with a gain of 2 cents at $1.47.
Declines| The only stock declining at the end of trading is National Enterprises with 105,000 shares being trading with a value of $1,806,000 and ended with a loss of 10 cents at a new 52 weeks’ low of $17.20.
TTSe 28-5-15 Firm Trades| Stocks closing with prices unchanged at the end of the market are, ANSA McAL traded 2,600 shares with a value of $174,330 to close unchanged at $67.06, Clico Investment Fund with 31,047 units carry a value of $700,110 to remain at $22.55, First Citizens Bank trading 15,243 shares valued at $545,699 to close unchanged at $35.80. Guardian Holdings with 409 shares closed at $14.15, Guardian Media 6% preference share traded just 20 units at $65.01, Prestige Holdings traded 2,406 shares and closed at $9.99 and Trinidad Cement contributing 44,863 shares to the volume traded, the price closed unchanged at $2.80.
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.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , ,

Carreras pays $2 Mayberry 20 cents

May 28, 2015 by

Carreras_tobacco150x150 Carreras declared an interim dividend of two dollars ($2) per share unit, payable on June 25, 2015 to shareholders on record as at June 11, 2015. The X-date is June 9. The company paid an interim dividend of $1.60 per share payable on March 12, 2015
Dividends paid prior to the one in March are, $1 per stock on December 18, and an interim dividend of $1.20 per stock unit on December 11, 2014. In September, last year Carreras paid an interim dividend of $1.20 per stock unit, $1.75 per stock unit was paid on June 26. A special capital cash distribution of $1.34 per stock unit was paid on July 31.
Mayberry Investments declared a dividend of twenty cents per share (20 cents), payable on June 17, 2015 to shareholders on record as at June 10, 2015. The X-date is June 8. The company last paid a dividend of 12 cents per share on June 18, 2014.
mayberrylogo136pxBoard of Directors of JMMB Group will convene a meeting on Monday June 1, 2015 to consider an interim dividend payment to ordinary shareholders.
Jamaica Money Market Brokers the forerunner to JMMB Group last paid a dividend of 16 cents per ordinary on December 16, 2014, prior to that the company paid a dividend of 17 cents per ordinary share on June 26, last year.

Filed Under: Breaking News, Company News, Dividends Tagged With: , ,

New high for Lasco Fin & JSE

May 28, 2015 by
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Lasco Financial Services traded at a new all- time high of $1.61 in trading JSE int 28-5-15250,000 shares at $1.61, two days after Mayberry bough 20 percent of the company after the company reported profits of 15.5 cents per share for the year to March. The Jamaica Stock Exchange had 20 securities trading at 11 on Thursday accounting for 1 million units. The All Jamaican composite Index is up 86.28 points 108,220.83, the JSE index is at 97,771.17.18 gained 77.19 points and the junior market rose 4.64 to 873.36 so far 9 stocks recorded gains versus 4 that are down. There were 4 securities traded in the junior market and 16 in the main and US dollar market
In trading, Barita Investments traded 75,000 at $2.41, Gleaner Company closed up 14 cents as 10,011 changed hands at $1.10, Jamaica Stock Exchange is trading at a new all-time high of $3.65 with 10,000 units, Mayberry Investments trades with 50,300 at $3, followed by Sagicor Real Estate X Fund with 202,000 shares at $7.51, Proven Investments with 18,320 units as the price rose to 20.99 US cents and Jamaica Money Market Brokers 8.75% preference shares with 289,776 units at $3.02.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , ,

J$ makes gains on Wednesday

May 27, 2015 by

J$1000front Purchase of all currencies by dealers, amounted to the equivalent of US$34,384,758 on Wednesday compared with US$37,791,833, on Tuesday and selling, the equivalent of US$41,745,870 versus sale of US$47,446,182, previously as the Jamaican gained in trading.
In US dollar trading, dealers bought US$30,900,997 compared to US$33,833,409 on Tuesday. The buying rate for the US dollar rose 15 cents to $115.60 and US$39,876,181 was sold versus US$44,463,077 on Tuesday, the selling rate was unchanged at $116.11.FX sum 27-5-15 The Canadian dollar buying rate dropped 21 cents to $91.14 with dealers buying C$922,677 and selling C$677,514, at an average rate that fell 75 cents to $93.05. The rate for buying the British Pound fell $1.23 to $175.61 for the purchase of £1,295,130, while £463,591, was sold, at an average rate that slipped $2.06 to $177.82. At the end of trading it took J$126.54 to purchase the Euro, $1.45 less than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$123.92 for a fall of $1.79 on Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$788,872, while the equivalent of US$616,774, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 70 cent to $117. The lowest buying rate dropped $1.41 to $89.69, but the highest selling rate was unchanged at $121.71 and the lowest selling rate jumped $18.32 to $113.30. FX hl 27-5-15The highest buying rate for the Canadian dollar fell 90 cents to $93.30. The lowest buying rate declined $1.12 to $74.20, the highest selling rate lost 60 cents to $96.50 and the lowest selling rate fell $1.10 to $89.40. The highest buying rate for the British Pound, declined $1.06 to $179.14, the lowest buying rate closed at $143.30, down $1.33, the highest selling rate dropped $1.71 to $184.74 with the lowest selling rate falling $1.35 to $172.65.

Filed Under: FX Market, Stock Market Tagged With: , , , , , ,

Bullishness intact as 16 stocks rise

May 27, 2015 by

Gleaner Traded 3.7 million shares to close at 96 cents

Gleaner Traded 3.7 million shares to close at 96 cents

Activity on the Jamaica Stock Exchange, resulted in the prices of 16 stocks rising, 13 declining as 37 securities changed hands, ending with 7,586,383 units trading, valued at $25,926,559, and 4 stocks closed at new 52 weeks high and 1 at 52 weeks’ low, in all market segments.
TheJSE Market Index gained 195.74 points to 97,693.98, theJSE All Jamaican Composite index rose 218.85 points to close at 108,134.55 and the JSE combined index put on 298.44 points to end at 99,979.62.
JSE sum 27-7-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 11 stocks with bids higher than their last selling prices and 2 with offers that were lower.
The following stocks closed in the main market at new 52 weeks high Barita Investments at $2.70, Hardware & Lumber at $12.08 and Radio Jamaica at $3.
In trading, Berger Paints ended with 10,057 shares changing hands to close 40 cents higher, at $3, Cable & Wireless closed with 29,546 shares trading for 1 cent lower at 49 cents, Gleaner traded 3,724,340 shares to end lower by 11 cents at 96 cents. Hardware & Lumber gained $1.83 to a new 52 weeks’ high of $12.08 with 33,999 units trading, Jamaica Broilers concluded trading with 55,845 shares changing hands to close 25 cent up at $5.50. Jamaica Money Market Brokers 7.50% preference shares close with 434,935 units trading at $2.30, Jamaica Money Market Brokers 8.75% preference shares finished trading with 30,000 at $3.02, JSe fn qts 27-5-15JMMB Group lost 45 cents as 6,094 shares changed hands at $8.55. Mayberry Investments contributed 124,080 units to trading at $3, National Commercial Bank ended trading with 97,412 shares and gained 5 cents to $29.57, Pan Jamaican Investment had 8,935 shares changing hands to close 42 cents higher, at $59.01. Radio Jamaica gained 25 cents with 24,497 shares trading at $3, Sagicor Group contributed 473,884 units in trading but lost 80 cents at $11.20. Sagicor Real Estate Fund closed trading with 178,000 units, 40 cents lower at $7.10. Scotia Group ended trading with 228,571 shares with a 15 cents gain to $25.50, Scotia Investments closed with 1,500 shares changing hands to close 45 cents up at $26.30, Sterling Investments finished trading with 57,140 shares trading at $13.39 for a loss of 1 cent and Supreme Ventures saw trading in 52,020 units to close 35 cents down at $3.60.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , ,

Lasco Financial at new high

May 27, 2015 by

LascoFinancialServices_logo280x150 Lasco Financial closed at a new 52 weeks’ high of $1.50, the day after Mayberry bough their holdings in the company to 20 percent. At the close, Lasco Financial had no stocks on offer while there were 20,000 units on the bid at $1.25. The Junior Market ended with 11 securities trading resulting in 1,986,233 units changing hands valued at $2,961,054. The JSE Junior Market Index gained 12.29 points to close at 868.72, with the price of 4 stocks advancing and 4 declining.
At the close of the market, there were 4 stocks with bids higher than their last selling prices and only 1 with a lower offer. The junior market ended with 3 securities closing with no bids to buy and 10 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial Services trading just 749 shares to close with the price unchanged at $17. AMG Packaging ending with 1,200 shares changing hands, 6 cents lower, at $3.19, Blue Power closed with 14,796 shares trading at $9.50, Caribbean Cream finished with 380,000 units to close with a gain of 2 cents at $1.10. JM cht 27-5-15Caribbean Producers with 1,000 shares trading closed lower by 1 cent at $2.99. Dolphin Cove finished trading with 6,434 units as the price remained unchanged at $10, General Accident Insurance concluded trading with 24,934 shares changing hands, 6 cents lower at $2.04, KLE Group traded at a new low of 75 cents while dropping 24 cents, with 100,000 units trading. Lasco Distributors traded 300,268 units at $1.60 to gain 5 cents, Lasco Financial Services traded 1,119,279 shares at a new 52 weeks’ high of $1.50, to gain 20 cents and Lasco Manufacturing traded 37,573 units with a gain of 2 cents to $1.27.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , , , ,

Only 2 stocks gained 4 declined

May 27, 2015 by

TTSETrading280x150 Trading on the Trinidad Stock Exchange ended with 11 securities changing hands, 2 advanced, 5 declined and 4 traded firm with a total of 243,198 units, valued at $2,634,888.
At the close, the Composite Index lost 0.23 points to end at 1,161.33, the All T&T Index rose fell by just 0.12 points to 1,969.81 and the Cross Listed Index fell by a mere 0.05 points to end at 46.30.
Gains| Stocks increasing in price at the close are, Massy Holdings gaining 5 cents to end at $64.10 while trading 3,262 shares valued at $209,094 and Scotiabank trading 1,542 shares to close with a gain of 1 cent at $62.53.
Declines| The stocks declining at the end of trading are, First Citizens Bank trading 1,987 units to close at $35.80, after losing 1 cent, Guardian Holdings with 35,420 shares trading, valued at $501,218, lost 5 cents to close at $14.15, JMMB Group with 100,000 shares changing hands, closed 1 cent lower at 53 cents. Prestige Holdings with 9,615 shares trading, closed down 1 cent at $9.91 and Republic Bank with 2,300 shares changing hands for a value of $264,477, declined 1 cent to close at a new 52 weeks’ low of $114.99.
TTSE 27-5-15 Firm Trades| Stocks closing with prices unchanged, at the end of trading are, Clico Investment Fund with 52,907 shares valued at $1,193,053, the price remained at $22.55. Firstcaribbean International Bank contributed 25,000 shares to close at $5, while, National Commercial Bank added 9,784 shares to close at $1.75 and Sagicor Financial Corporation traded 1,381 shares to close at $6.02.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator shows 6 stocks with the bid higher than their last selling prices and only 1 with a lower offer.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , ,

JSE Market post gains

May 27, 2015 by

The Jamaica Stock Exchange had 30 securities trading at 11:35 on Wednesday JSE int 27-5-15accounting for 1.99 million units. The All Jamaican composite Index is up 929.28 points 108,844.98, the JSE index is at 98,329.41 gained 831.17points and the junior market rose 12.93 to 869.36. so far 12 stocks recorded gains versus 8 that are down.In trading, Hardware & Lumber traded 30,000 units at $12, up $1.75, Supreme Ventures lost 45 cents to $3.50 with 47,700 units changing hands, K.L.E. Group traded at a new low of 75 cents while dropping 24 cents with 100,000 units trading Lasco Distributors traded 300,000 units at $1.60 to gain 5 cents, Lasco Financial Services have so far traded 794,279 shares at a new 52 weeks’ high of $1.50 to gain 20 cents and Lasco Manufacturing traded 31,463 units with a gain of 3 cents to $1.28.

Filed Under: JSE Main Market Tagged With: , ,

Remittances dip in February

May 27, 2015 by

FX_USPoundRemittances flows into Jamaica declined for February this year, with total remittances coming up short of the inflows into the system in 2014 by a marginal decline of just $500,000 from the corresponding month last year.
Gross remittance inflows for the month amounted to US$167.8 million while net remittances were US$146.7 million, a decline of US$5 million or 3.4 percent relative to the corresponding period of 2014. The decline is the first such since December 2013.
For the first two months of the year total remittance inflows were US$334 million, representing an increase of US$7.6 million or 2.3 percent while net remittances for 2015 were US$294 million, a growth of US$4.4 million or 1.5 percent compared to the corresponding period of 2014.

Filed Under: Economy Tagged With: ,