Purchases by dealers of foreign currencies on Friday, resulted in the local currency losing value against the three main traded currencies. The market closed with dealers buying the equivalent of US$35,830,362 in contrast to US$31,985,057 on Thursday, while they sold the equivalent of US$29,735,446, previously US$33,915,183.
In US dollar trading , dealers bought US$30,913,429 compared to US$29,087,315 on Thursday. The buying rate for the US dollar fell 9 cents to $116.75 and US$27,672,147 was sold versus US$31,986,716 on Thursday, the selling 
rate rose 4 cents to $117.42. The Canadian dollar buying rate dropped 20 cents to $88.05 with dealers buying C$971,179 and selling C$828,924, at an average rate that increased 30 cents to $90.38. The rate for buying the British Pound rose 1 cent to $180.71 for the purchase of £2,606,061, while £859,643 was sold, at an average rate that was up 55 cents to $182.05. At the end of trading, it took J$128.23 to purchase the Euro, with a loss of $1.25 from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$125.72 for a decline of $1.20 from Thursday. Other currencies bought, amounted to the equivalent of US$150,763, while the equivalent of US$85,227 was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 5 cents to $117.50, the lowest buying, the highest and lowest 
selling rates remained at $96.15, $123.21 and $96.15 respectively. The highest buying rate for the Canadian dollar fell 60 cents to $90. The lowest buying rate declined 83 cents to $71.59, the highest selling rate dropped 36 cents to $93 and the lowest selling rate rose 30 cents to $87. The highest buying rate for the British Pound, eased 30 cents to $183.30, the lowest buying rate fell 54 cents to $147.41, with the highest selling rate rising $2.87 to $190.03 and the lowest selling rate climbed $1.45 to $179.70.
Archives for July 2015
J$ lost value on Friday
Massy Holdings trade $11.5m TTSE
Trading in the overall market ended with 8 securities changing hands on Friday with 3 stocks gaining, 1 declining and 4 traded with the price unchanged. A total of only 249,833 shares traded, valued at $13,082,969, as Massy Holdings accounted for $11.5 million of the trade.
At the close of the market, the Composite Index fell 0.68 points to close at 1,154.92, the All T&T Index lost 1.34 points to 1,963.77 and the Cross Listed Index remained at 45.40.
Gains| In trading, Guardian Holdings had 8,240 units changing hands at $13.10, up 9 cents, National Flour closed with 5,500 shares trading for 6 cents higher at $2.06 and Unilever Caribbean with 2,000 units changing hands at a new 52 weeks high of $67 for a gain 24 cents.
Declines| Massy Holdings had 184,135 units valued at $11,619,159, changing hands at $63.10 but at $1.10 less than the prior trade.
Firm Trades| Clico Investment Fund stock closed at $22.50 with 37,225 shares, valued at $837,564, Flavorite Foods traded 2,989 units at $4.80, National Commercial Bank traded 4,097 shares at $1.65 and Scotiabank traded 5,647 units and closed at $62.31 with a value of $351,865.
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 3 stocks with offers that were lower.
Big Jump in rising stocks on Friday
The Jamaica Stock Market closed on Friday with 15 stocks rising, 5 declining as 26 securities changed hands with 2,738,510 units trading, valued at $22,665,691, in all market segments.
At the close, the JSE Market Index gained 267.15 points to 98,470.74, the JSE All Jamaican Composite index rose 298.61 points to close at 109,002.77 and the JSE combined index added 674.11 points to end at 101,379.99.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator showed a reading of 10 stocks with bids higher than their last selling prices and 6 with offers that were lower.
In trading, Cable and Wireless ended with 266,138 units changing hands at 43 cents, Caribbean Cement traded 75,396 shares to close at $7.45, 
Gleaner traded at $1.15 and gained 15 cents after 32,960 shares changed hands, Grace traded 7,830 shares unchanged at $64, Jamaica Broilers had 33,982 shares changing hands and 10 cents in closing at $5.70, National Commercial Bank had 456,187 shares trading while gaining 20 cents to end at $30. Sagicor Group ended trading with 22,661 units at $13, Scotia Group ended with 64,798 units trading with a loss of 41 cents at $23.66, Supreme Ventures with 102,651 shares traded at $3.30 for a decline of 25 cents and Jamaica Money Market Brokers 7.50% preference share closed with 166,600 shares trading at $6.02.
JSE makes decent gains Friday
The main market indices were also up, with the All Jamaica making a spirited run with 298.61 point to 109,002.77 and the JSE index gaining 
267.15 points to 98,470.74 and the combined index jumped 674.11 points to 101,379.99.
The main market had 6 stocks rising and 5 declining amounting to $1,846,800 units. overall there were 15 stocks rising in the overall market with a total of 31 securities trading.
Juniors market at all-time high
Access Financial gained big on Friday
The market ended with 7 securities trading with 741,698 units changing hands, valued at $2,204,755 and the prices of 4 stocks rising and 2 declining.
At the close, the junior market had 6 stocks having bids higher than their last selling prices, 2 with lower offers. 6 securities closed with no bids to buy, while 8 had no stocks being offered for sale.
Stocks trading are, Access Financial gained $2.74 to close at $15.50 but with a small volume of 360 units, AMG Packaging traded 1,191 units with the price rising 10 cents to
$3.60, Caribbean Cream had 3,000 shares trading, firm at $2.05, Caribbean Producers gaining 50 cents, with 1,000 shares. Derrimon Trading ended with 10,000 units gaining 7 cents to close at $2.15, General Accident had 380,372 shares changing hands for a gain of 3 cents to end at $1.79, Lasco Distributors traded 28,397 shares to close at $1.71, up 6 cents, the stock closed with low supply to sell at $1.74 and $2.13. There are only 4 offers in the market amounting 70,000 units. Lasco Financial Services traded 1,400 units and gained 3 cents to end at $1.55, Lasco Manufacturing with 29,390 shares trading, closed 4 cents higher at $1.64, for anew 52 weeks high and Epply 9.5 percent preference share traded 166,600 units at $6.02, for a 1 cents gain.
Big jump again for juniors
Lasco’s new I Cool drink distributed locally by Lasco Distributors, produced by Lasco Manufacturing.
The market ended with 7 securities trading with 741,698 units changing hands, valued at $2,204,755 and the prices of 4 stocks rising and 2 declining.
At the close, the junior market had 6 stocks having bids higher than their last selling prices, 2 with lower offers. 6 securities closed with no bids to buy, while 8 had no stocks being offered for sale.
Stocks trading are, AMG Packaging traded 365,828 units with the price rising 5 cents to $3.50, Caribbean Cream had 6,998 shares trading, lost 5 cents to close at $2.05. Lasco Distributors traded 60,000 shares to close at $1.65, up 5 cents, the stock closed with demand to buy $158 and $1.60 and selling at $1.80 but there are only 3 offers in the
market at $1.80 to $2.13 for 70,000 units. Lasco Financial Services traded 128,290 units and gained 2 cents to end at $1.52, after posting first quarter profit of $54 million compared with $47 million in 2014, Lasco Manufacturing with 74,582 shares trading, closed 10 cents higher at $1.60, for anew 52 weeks high, after posting first quarter profit of $247 million compared with $141 million in 2014. Lasco Manufacturing has demand to buy at $1.60, but the offers are light with under 50,000 units ranging from $1.65 to $2.50. Paramount traded 80,000 shares at $5.50 for a loss of 50 cents and Epply 10 percent preference share traded 26,000 units at $2.40.
Trading volume low on TTSE
Trading in the overall market ended with 13 securities changing hands on Thursday with 2 stocks gaining, 3 declining and 8 traded with the price unchanged. A total of only 110,408 shares traded, valued at $1,254,117.
At the close of the market, the Composite Index fell 0.10 points to close at 1,155.60, the All T&T Index advanced by 0.30 points to 1,965.11 and the Cross Listed Index loss 0.07 to 45.41.
Gains| In trading, One Caribbean Media ending with a gain of 39 cents while trading 3,645 shares changing hands at $22.40 and Unilever Caribbean with 353 units changing hands at a new 52 weeks high of $66.76 and gained 8 cents.
Declines| Clico Investment Fund stock price lost 5 cents to $22.50 with 9,540 shares trading at a value of $2,758,458, National Commercial Bank traded a mere 500 shares 1 cent at $1.66 and Trinidad Cement lost 2 cents while trading 45,974 shares.
Firm Trades| First Citizens Bank with 20,179 shares traded valued at $506,226 to close at $35.70, Flavorite Foods traded 606 units at $4.80, Guardian Media had 1,872 units changing hands at $19.76, National Enterprises closed with 1,361 shares trading at $17.20. Republic Bank ended with just 4 units trading at $114.99, Sagicor Financial with 4,125 units trading closed at $6, Scotiabank traded 2,005 units and closed at $62.31 and West Indian Tobacco closed with 300 shares changing hands at $125.40.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.
J$ stable vs. US on Thursday
Purchases by dealers of foreign currencies on Thursday, resulted in the local currency making gains against the Pound and Canadian dollar but slipping slightly versus the US dollar. The market closed with dealers buying the equivalent of US$31,985,057 in contrast to US$45,948,406 on Wednesday, while they sold the equivalent of US$33,915,183, previously US$41,243,978.
In US dollar trading , dealers bought US$29,087,315 compared to US$39,742,034 on Wednesday. The buying rate for the US dollar rose 4 cents to $116.84 and US$31,986,716 was sold versus US$40,033,973 on Wednesday, the selling rate rose 1 cent to $117.38. The Canadian dollar buying rate dropped 46 cents to $88.25 with dealers buying C$1,151,016 and selling C$612,528, at an average rate 
that fell 21 cents to $90.08. The rate for buying the British Pound rose 2 cents to $180.70 for the purchase of £1,211,722, while £683,434 was sold, at an average rate that fell 7 cents to $182.50. At the end of trading, it took J$129.48 to purchase the Euro, with a loss of 7 cents from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.92 for a rise of 3 cents from Wednesday. Other currencies bought, amounted to the equivalent of US$154,239, while the equivalent of US$395,748 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents to $117.55, the lowest buying and the highest selling rates 
remained at $96.15 and $123.21 respectively, the lowest selling rate dropped $18.80 to $96.15. The highest buying rate for the Canadian dollar fell 40 cents to $90.60. The lowest buying rate rose 62 cents to $72.42, the highest selling rate dropped $1.64 to $93.36 and the lowest selling rate declined 50 cents to $86.70. The highest buying rate for the British Pound, eased 90 cents to $183.60, the lowest buying rate climbed 79 cents to $147.95, with the highest selling rate falling $2.55 to $187.16 and the lowest selling rate slipped 25 cents to $178.25.
12 stocks rose on JSE on Wednesday
Trading on the Jamaica Stock Market closed on Wednesday with 12 stocks rising, 8 declining as 29 securities changed hands with 6,830,260 units trading, valued at $85,544,632, in all market segments.
At the close, the JSE Market Index gained 122.39 points to 98,333.57, the JSE All Jamaican Composite index increased 136.80 points to close at 108,849.45 and the JSE combined index added 361.61 points to end at 100,639.26.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator showed a reading of 6 stocks with bids higher than their last selling prices and 2 with offers that were lower.
In trading, Cable and Wireless ended with 50,000 units changing hands at 41 cents, Caribbean Cement lost 75 cents to close at $7.45 with 13,880 shares trading, Carreras gained just 1 cent with 41,680 units trading to close at $50.26, Desnoes & Geddes traded 87,739 shares with a 20 cents fall to $6.80. Gleaner traded unchanged at $1.30 with 123,656 shares changing hands, Grace Kennedy traded just 1,100 shares to gain 99 cents to $64, Jamaica Broilers had 1,424,572 shares changing hands at $5.67 for a 5 cents gain, Jamaica Producers gained 30 cents to close at $18.80 with 10,000 units changing hands. JMMB Group traded 835,324 units to end unchanged at $7.50, Mayberry Investments traded at $2.75 with 
a fall of 25 cents, with 520,277 units, National Commercial Bank had only 12,940 shares trading, but gained 5 cents to $29.55. Pan Jamaican Investments closed at $61 after adding 95 cents to the price, with 581,167 shares, changing hands valued $36 million, Proven Investments had 81,763 shares trading at 20 US cents, Sagicor Group ended trading with 908,500 units at $13. Scotia Group traded 532,374 units to end 3 cents lower at $24.07, traded 20,812 units, 20 cents higher at $26.80, Seprod traded 15,045 shares lost 10 cents lower at $14.90 and Supreme Ventures with 26,000 shares traded at $3.60 for a rise of 25 cents.
J$ make gains on Wednesday
Purchases by dealers of foreign currencies on Wednesday, resulted in the local currency making gains against the US dollar and Canadian dollar but slipping versus the Pound. The market closed with dealers buying the equivalent of US$45,948,406 in contrast to US$29,303,005 on Tuesday, while they sold the equivalent of US$41,243,978, previously US$35,523,262.
In US dollar trading , dealers bought US$39,742,034 compared to US$26,034,284 on Tuesday. The buying rate for the US dollar rose 8 cents to $116.80 and US$40,033,973 was sold versus US$33,110,856 on Tuesday, the selling rate declined 1 cent to $117.37. The Canadian dollar buying rate jumped 57 cents to $88.71 with dealers buying C$1,313,542 and selling C$522,559, at an average rate 
that fell 19 cents to $90.29. The rate for buying the British Pound rose 62 cents to $180.68 for the purchase of £2,382,309, while £434,139 was sold, at an average rate that climbed 81 cents to $182.57. At the end of trading, it took J$129.56 to purchase the Euro, with a gain 83 cents on Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.89 for a rise of 78 cents from Monday. Other currencies bought, amounted to the equivalent of US$1,523,669, while the equivalent of US$132,715 was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 2 cents to $117.50, the lowest buying and the highest selling rates 
remained at $96.15 and $123.21 respectively, the lowest selling rate fell 5 cents to $114.95. The highest buying rate for the Canadian dollar fell $1 to $91. The lowest buying rate rose 25 cents to $71.80, the highest selling rate jumped $2 to $95 and the lowest selling rate rose 70 cents to $87.20. The highest buying rate for the British Pound, rose $1.30 to $184.50, the lowest buying rate climbed 25 cents to $147.16, with the highest selling rate rising $3.18 to $189.71 and the lowest selling rate rose $1.50 to $178.50.
