Trading activity on the junior market ended on Wednesday with the market making strong gains as the Lasco companies benefitted from improved profits, leading to strong rise in the JSE Junior market Index of 27.15 points to close at 874.97.
The market ended with 7 securities trading with 1,525,437 units changing hands, valued at $2,532,757 and the prices of 3 stocks rising and 2 declining.
At the close, the junior market had 5 stocks having bids higher than their last selling prices, none with lower offers. 5 securities closed with no bids to buy, while 8 had no stocks being offered for sale.
Stocks trading are, Blue Power with only 100 units and declined 3 cents and ended at $12.96, Caribbean Cream had 25,390 shares trading but lost 3 cents to close at $2.10, Knutsford Express ended with only 100 shares trading at $6. Lasco Distributors traded 78,200 shares to close at $1.60, up 17 cents, Lasco Financial Services traded 35,665 units and gained 10 cents to end at $1.50, Lasco Manufacturing with 1,328,377 shares closed 10 cents higher at $1.50 and Paramount traded 57,575 shares at $6.
Archives for July 2015
Juniors jump Wednesday
Lascos star in JSE’s morning session
Trading Lasco Distributors and Lasco Manufacturing pushed up the junior market as 
investors welcomed the results of Distributors with a strong rise in Profit flowing mostly from the ICool drink sales. With profit climbing to $132 million versus $91 million in 2014. 2.
Activity resulted in 5,683,559 units changing hands as 18 securities traded with 5 coming from the junior market, so far 7 stocks gained in price and 3 declined.
The all Jamaican Composite index gained 92.04 points to 108,804.69 points, JSE Combined Index gained 82.34 points to 100,604.09 JSE Index trades at 98,293.52 points after rising 82.34 points and Junior Market Index slipped 27.44 points to 875.26.
Lascos star in JSE’s morning session
Trading Lasco Distributors and Lasco Manufacturing pushed up the junior market as investors welcomed the results of Distributors with a strong rise in Profit flowing mostly from the ICool drink sales. With profit climbing to $132 million versus $91 million in 2014. 2.
Activity resulted in 5,683,559 units changing hands as 18 securities traded with 5 coming from the junior market, so far 7 stocks gained in price and 3 declined.
The all Jamaican Composite index gained 92.04 points to 108,804.69 points, JSE Combined Index gained 82.34 points to 100,604.09 JSE Index trades at 98,293.52 points after rising 82.34 points and Junior Market Index slipped 27.44 points to 875.26.
J$ loses against all on Tuesday
Purchases by dealers of foreign currencies on Tuesday, resulted in the local currency making gains against the US dollar, the Pound and Canadian dollar. The market closed with dealers buying the equivalent of US$29,303,005 in contrast to US$41,158,446 on Monday, while they sold the equivalent of US$35,523,262, previously US$39,225,307.
In US dollar trading , dealers bought US$26,034,284 compared to US$37,809,382 on Monday. The buying rate for the US dollar rose 1 cent to $116.72 and US$33,110,856 was sold versus US$37,741,387 on Monday, the selling rate gained 3 cents to $117.38. The Canadian dollar buying rate jumped 77 cents to $88.14 with dealers buying C$1,355,579 and selling C$1,360,560, at an average rate that moved up 61 cents to $90.48. The rate for buying the British Pound rose 70 cents to $180.06 for the purchase of £1,331,587, while £748,628 was sold, at an average rate that climbed 21 cents to $181.76. There were no new rates quoted by Bank of Jamaica, for the Euro, Other currencies bought, amounted to the equivalent of US$190,720, while the equivalent of US$204,450 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents to $117.52, the lowest buying rate climbed $9.35, to $96.15, the highest selling rates was unchanged at $123.21 and lowest selling rate jumped $18.85 to $115. The highest buying rate for the Canadian dollar rose $1.05 to $92. The lowest buying rate rose 17 cents to $71.55, the highest selling rate dropped $3.50 to $93 and lowest selling rate rose 75 cents to $86.50. The highest buying rate for the British Pound, dropped $2.54 to $183.20, the lowest buying rate climbed 66 cents to $146.91, with the highest selling rate falling $2.65 to $186.53 and the lowest selling rate rose 80 cents to $177.
13 stocks rose on JSE 2 fell on Tuesday
Trading on the Jamaica Stock Market closed on Tuesday with 13 stocks rising, 2 declining as 25 securities changed hands with 9,934,203 units trading, valued at just $41,422,041, in all market segments.
At the close, the JSE Market Index gained 271.48 points to 98,211.18, the JSE All Jamaican Composite index increased 303.44 points to close at 108,712.65 and the JSE combined index added 311.10 points to end at 100,277.65.
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 7 stocks with bids higher than their last selling prices and 5 with offers that were lower.
In trading, Cable and Wireless ended with 1,000,000 units changing hands and gained 2 cents to 41 cents, Caribbean Cement traded 5,749 shares and added 1 cent to close at 
$8.20, Carreras gained 75 cents with 6,000 units trading to close at $50.25, Desnoes & Geddes traded 2,090,024 shares 35 up at $7. Jamaica Broilers had 1,676,372 shares changing hands at $5.62, Mayberry Investments traded $3 with a gain of 25 cents, National Commercial Bank had a big trade 48,151 shares trading unchanged at $29.50, Sagicor Real Estate Fund ended trading with 42,000 units at $7.65, down 35 cents, Salada Foods ended with 9,802 units trading at $10.40 by adding $1.35. Supreme Ventures with 47,714 shares traded at $3.35 for a decline of 25 cents, a and Jamaica Money Market Brokers 7.50% preference share traded 625,577 units at $2 and Jamaica Money Market Brokers 8.75% preference share traded 810,000 units at $3.
13 stocks rose on JSE 2 fell on Tuesday
Trading on the Jamaica Stock Market closed on Tuesday with 13 stocks rising, 2 declining as 25 securities changed hands with 9,934,203 units trading, valued at just $41,422,041, in all market segments.
At the close, the JSE Market Index gained 271.48 points to 98,211.18, the JSE All Jamaican Composite index increased 303.44 points to close at 108,712.65 and the JSE combined index added 311.10 points to end at 100,277.65.
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 7 stocks with bids higher than their last selling prices and 5 with offers that were lower.
In trading, Cable and Wireless ended with 1,000,000 units changing hands and gained 2 cents to 41 cents, Caribbean Cement traded 5,749 shares and added 1 cent to close at $8.20, Carreras gained 75 cents with 6,000 units trading to close at $50.25, Desnoes & Geddes traded 2,090,024 shares 35 up at $7. Jamaica Broilers had 1,676,372 shares changing hands at $5.62, Mayberry Investments traded $3 with a gain of 25 cents, National Commercial Bank had a big trade 48,151 shares trading unchanged at $29.50, Sagicor Real Estate Fund ended trading with 42,000 units at $7.65, down 35 cents, Salada Foods ended with 9,802 units trading at $10.40 by adding $1.35. Supreme Ventures with 47,714 shares traded at $3.35 for a decline of 25 cents, a and Jamaica Money Market Brokers 7.50% preference share traded 625,577 units at $2 and Jamaica Money Market Brokers 8.75% preference share traded 810,000 units at $3.
Trading volume low on TTSE
Trading in the overall market ended with 13 securities changing hands on Monday with 4 stocks gaining, 1 declining and 8 traded with the price unchanged. A total of only 75,710 shares traded, valued at $2,839,189.
At the close of the market, the Composite Index rose 0.26 points to close at 1,155.68, the All T&T Index advanced by 0.18 points to 1,965.21 and the Cross Listed Index gained 0.05 to 45.41.
Gains| In trading, JMMB Group closed with 102,974 shares changing hands at 45 cents after gaining 1 cent, One Caribbean Media ending with lust 30 shares changing hands at $22.01 for a gain of 1 cent. Trinidad Cement closed with 4,400 shares trading with a gain of 1 cent, to end at $2.92 and West Indian Tobacco closed with 619 shares changing hands, 5 cents higher at $125.40.
Declines| Clico Investment Fund stock price lost 8 cents to $22.55 with 
122,300 shares trading at a value of $2,758,458.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings with 4,950 units trading and closed at $14.01, Agostini’s ending with 20 shares changing hands at $17.26, First Citizens Bank with 20,179 shares being traded valued at $720,390 to close at $35.70, Flavorite Foods traded 80 units at $4.80, National Flour closed with 356 shares trading at $2, Prestige Holdings trading 451 shares to end at $9.89, Republic Bank ended with 150 units trading at $114.99 and Scotiabank traded 2,630 units and closed at $62.31.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.
Trading volume low on TTSE
Trading in the overall market ended with 13 securities changing hands on Monday with 4 stocks gaining, 1 declining and 8 traded with the price unchanged. A total of only 75,710 shares traded, valued at $2,839,189.
At the close of the market, the Composite Index rose 0.26 points to close at 1,155.68, the All T&T Index advanced by 0.18 points to 1,965.21 and the Cross Listed Index gained 0.05 to 45.41.
Gains| In trading, JMMB Group closed with 102,974 shares changing hands at 45 cents after gaining 1 cent, One Caribbean Media ending with lust 30 shares changing hands at $22.01 for a gain of 1 cent. Trinidad Cement closed with 4,400 shares trading with a gain of 1 cent, to end at $2.92 and West Indian Tobacco closed with 619 shares changing hands, 5 cents higher at $125.40.
Declines| Clico Investment Fund stock price lost 8 cents to $22.55 with 122,300 shares trading at a value of $2,758,458.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings with 4,950 units trading and closed at $14.01, Agostini’s ending with 20 shares changing hands at $17.26, First Citizens Bank with 20,179 shares being traded valued at $720,390 to close at $35.70, Flavorite Foods traded 80 units at $4.80, National Flour closed with 356 shares trading at $2, Prestige Holdings trading 451 shares to end at $9.89, Republic Bank ended with 150 units trading at $114.99 and Scotiabank traded 2,630 units and closed at $62.31.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.
Low volumes on junior market
Trading activity on the junior market ended on Tuesday with the market regaining some of the losses incurred in previous trading sessions but just 6 securities traded with 107,139 units changing hands, valued at only $189,265. The JSE Junior market Index rose 6.08 points to close at 847.82 as the market ended with the prices of 4 stocks rising and none declining.
At the close, the junior market had 5 stocks having bids higher than their last selling prices, 2 with lower offers. 6 securities closed with no bids to buy, while 7 had no stocks being offered for sale.
Stocks trading are, Access Financial that traded 300 units to end at $12.76, Consolidated Bakeries traded 16,500 shares and gained 3 cents at $1.53, Derrimon Trading ended with 1,211 shares changing hands to close $2.08, Lasco Distributors traded 15,894 shares at $1.43, up 3 cents and Lasco Manufacturing with 65,151 shares closed 10 cents higher at $1.30.
Low volumes on junior market
Trading activity on the junior market ended on Tuesday with the market regaining some of the losses incurred in previous trading sessions but just 6 securities traded with 107,139 units changing hands, valued at only $189,265. The JSE Junior market Index rose 6.08 points to close at 847.82 as the market ended with the prices of 4 stocks rising and none declining.
At the close, the junior market had 5 stocks having bids higher than their last selling prices, 2 with lower offers. 6 securities closed with no bids to buy, while 7 had no stocks being offered for sale.
Stocks trading are, Access Financial that traded 300 units to end at $12.76, Consolidated Bakeries traded 16,500 shares and gained 3 cents at $1.53, Derrimon Trading ended with 1,211 shares changing hands to close $2.08, Lasco Distributors traded 15,894 shares at $1.43, up 3 cents and Lasco Manufacturing with 65,151 shares closed 10 cents higher at $1.30.
