The junior market closed on Tuesday with 16 securities trading, 7 of which advanced, 6 declined. The market index gained 4.02 points to end at 2,230.10 and a total of 4 stocks closed at a new 52 weeks’ highs and 1 at an intraday high.
The volume of 1,117,460 units changed hands, valued at $5,238,103. At the close, 1 security ended with no bid to buy and 8 securities had no stocks being offered for sale. A total of 3 stocks closed with bids higher than their last traded prices while one closed with a lower offer.
In trading, AMG Packaging rose $1.50 to close at a 52 weeks’ high of $13 with 7,887 units changing hands, Caribbean Cream ended with 31,376 shares changing hands with a rise of 10 cents to close at $4.65, Caribbean Flavours traded 2,594 units to end at $9, Caribbean Producers traded 11,730 units to close at $5.50. Consolidated Bakeries loss 10 cents and closed at $1.30 with 108,098 units trading, Derrimon Trading closed with a rise of 1 cents to close at a 52 weeks’ high of $4.21 with 4,000 shares changing hands, General Accident lost 30 cents while trading 120,000 shares to close at $2.30. Honey Bun ended at a 52 weeks’ high of $8.20 with 23,681 units trading with a gain of 55 cents,
KLE Group ended at a $2.20 with 47,000 shares changing hands with a loss of 55 cents. Knutsford Express closed with 2,400 units changing hands at $15, but previously traded at an intraday 52 weeks’ high of $15.10, Lasco Distributors closed with 177,836 units trading and ended with a loss of 2 cents at $7.80, Lasco Financial fell 14 cents to close at $4 with 291,225 shares changing hands. Lasco Manufacturing rose 16 cents in trading 155,178 shares to close at $5, Medical Disposables fell 40 cents and closed at $3.15 with 8,250 shares trading, Paramount Trading rose by $1 to end with 33,100 shares changing hands at a 52 weeks’ high of $11.50 and tTech rose 8 cents to close at $4.98 with 93,105 shares trading.
Archives for January 2016
5 new all-time junior highs – Tuesday
Jamaican$ loses value all round – Tuesday
Trading in the Jamaican foreign exchange market rose slightly on Tuesday, from the prior Tuesday’s level of just $24.4 million that was purchased then. Trading ended with dealers buying the equivalent of US$27,137,018 and selling US$31,241,564, compared with US$43,368,650 purchased and US$39,093,223 sold on Monday.
In US dollars trading, dealers bought US$24,325,109 compared to US$38,895,652 on Monday with the buying rate for the US dollar rising 3 cents to $120.45. A total of US$28,696,289 was sold versus US$37,043,813 on Monday as the selling rate climbed by 10 cents to $121.21. 
The Canadian dollar buying rate fell 73 cents to end at $82.18 with dealers buying C$1,434,840 and selling C$2,283,416, at an average rate that rose $1.87 to $86.74. The rate for buying the British Pound dropped 64 cents to $169.09 for the purchase of £1,199,305, while £568,662 was sold, with the rate gaining 88 cents to $171.51. At the end of trading, the selling rate for Euro, ended with a gain of 16 cents at J$131.19, from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.49 for a rise of 14 cents from Monday’s rate. 
The US dollar equivalent of other currencies traded, amounts to US$149,383 being bought, while US$106,693 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a rise of $1.55 in the lowest selling rate of the Canadian dollar that ended at $80.55 and British Pound, lowest selling rate falling $5.75 to $158.
Grace’s $160m trade on Monday
Grace Kennedy traded 1.9m shares valued at $160m on Monday.
Main market of the Jamaica Stock Exchange closed with strong gains in the indices on Monday as Grace Kennedy traded 1.9 million units carrying a value of $160 million. The other big trade was in National Commercial Bank shares with over 2 million units changing hands with a value of $88.6 million.
Market activities slowed with only 33 securities changing hands in all market segments compared to recent levels around 40 or more per day for January. At the close of trading session, the combined index added 2,291 points with 13 securities in the combined markets gaining and 16 declining.
Three stocks closed at 52 weeks’ highs and two traded at intraday highs as 8,596,958 units valued at $285,106,122 changed hands in all markets. The junior market accounted for 1,200,794 units changed hands, valued at $ 5,249,310.
The JSE Market Index advanced by 2,618.88 points to 159,325.44 the all Jamaica Composite Index closed with a gain of 2,926.75 points to end at 177,011.46 and the JSE combined index rose 2,290.59 points to close at 170,337.74.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 12 stocks with bids higher than their last selling prices and 4 with lower offers.
At the end of the market activities, Barita Investments closed with 200,500 shares as the price lost 13 cents to end at $3.90. The company confirmed on Monday that they are on target to release the audited accounts to September last year, this week. Berger Paints closed with a loss of 29 cents at $3.31 as 337,791 units traded, Cable and Wireless ended with 415,800 units changing hands to close with a gain of 5 cents at $1.56, Caribbean Cement rose $2 to close at $24, with 425,288 shares changing hands. Carreras fell 55 cents in trading 1,956 shares at $62.50, Ciboney gained 3 cents in trading 200,555 shares at 27 cents, Gleaner traded 3,000 units with a gain of 27 cents at $2.67, Grace Kennedy shed $2 and closed at $82, with 1,949,435 units changing hands. Jamaica Broilers rose by 1 cent and closed at 52 weeks’ high of $13.51 with 80,536 shares changing hands. Jamaica Stock Exchange lost 3 cents to close at $19.67 while trading 5,740 shares, JMMB Group traded 1,042,305 units to end with a loss of 28 cents at $10.72. 
Kingston Wharves traded 30,400 units to close with a rise of 15 cents at $11.15, Mayberry Investments traded 8,450 shares and gained 15 cents to close at $4.85, National Commercial Bank traded with a loss of $3 to close at $40, with 2,199,601 units changing hands. Sagicor Group fell by 20 cents to close at $23.05 with 61,650 units changing hands, Scotia Group had 59,199 shares changing hands to close with a gain of $1.59 at $32, Scotia Investments had 30,814 units changing hands at $30, for a rise of $2. Sterling Investments traded 100,000 units with a loss of 10 cents to end at $12.90, Supreme Ventures traded at an intraday 52 weeks’ high of $6.50 but ended at $5.50 with 72,434 units changing hands, Proven Investments ordinary share traded 16,950 units at 22 US cents and JMMB 7.5% Preference share traded 151,000 units at $2.10 after losing a cent.
5 TTSE stocks rose 3 fell – Monday
Activity on the Trinidad and Tobago Stock Exchange continued to reflect a negative tone with moderate trading with 16 securities being active on Monday. The market closed with 5 stocks gaining, 3 declining with the prices of 8 remaining unchanged while 2 securities closed at 52 weeks’ high and 1 at a 52 weeks’ low. A total of 214,069 shares changed hands valued at $1,814,892.
The Composite Index advanced by 0.27 points to 1,164.56, the All T&T Index lost 0.41 points to 1,937.75 and the Cross Listed Index advanced by 0.02 points to close at 51.61.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with only 3 stocks with bids higher than the last selling price and 7 stocks with offers that were lower.
Gains| Agostini’s traded 1,175 shares and gained 5 cents to end at $17, Guardian Holdings had 4,800 units changing hands and gained 11 cents to close at $14.11, National Commercial Bank traded 43,013 shares at $2.29 after rising 1 cent. Sagicor Financial Corporation gained 1 cent to end with 88,770 shares changing hands at $6.50 and West Indian Tobacco traded 1,000 units and rose 1 cent to close at $126.30.
Losses| Clico Investment Fund traded 12,890 shares but lost 1 cent to close at $22.73, Massy Holdings lost 6 cents to end with 10 shares changing hands to close at a 52 weeks’ low of $59.94 and National Flour lost 3 cents to end with 100 shares changing hands at $2.38.
Firm Trades| First Citizens had 5,419 shares trading to end at $35, Grace Kennedy closed with 39,760 units trading, to close at $4.10, Guardian Media ended with 6,324 shares trading at $19.75, JMMB Group with 1,904 shares changing hands closed at 55 cents. One Caribbean Media traded 8,480 shares at $22, Prestige Holdings traded 3,244 units changing hands ended at $10.19, Republic Financial Holdings closed at $112 as 9 shares changed hands and Unilever Caribbean ended with 1,000 shares changed hands at $67.80.
7 junior stocks fall – Monday
General Accident traded at a 52 weeks’ high on Monday
The volume of 1,200,794 units changed hands, valued at $5,249,310. At the close, 1 security ended with no bid to buy and 9 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while one closed with a lower offer.
In trading, AMG Packaging fell 50 cents to close at $11.50 with 2,050 units changing hands, Blue Power traded just 433 shares at $11, C2W Music closed with 35,000 units changing hands to close at 49 cents, Caribbean Cream ended with 950 shares changing hands with a rise of 45 cents to close at $4.55.
Caribbean Producers traded 770 units to close with a loss of 30 cents at $5.50, Consolidated Bakeries closed at $1.40 with 27,800 units trading, General Accident gained 45 cents while trading 222,764 shares to close at $2.60, KLE Group ended at a new 52 weeks’ high of $2.60 with 95,331 shares changing hands with a gain of 45 cents. Lasco Distributors closed with 242,356 units trading and ended with a gain of 2 cents at $7.82, Lasco Financial closed 1 cent lower at $4.14 with 236,561 shares changing hands. Lasco Manufacturing fell 16 cents in trading 258,279 shares to close at $4.84, Medical Disposables closed at $3.55 with 7,500 shares trading and Sweet River lost 2 cents to close at $3.90 with 71,000 shares trading.
JSE majors jump
After 90 minutes of trading, the all Jamaica Composite Index rose. 2,335.54 points to 176,776.21 the JSE Market Index gained 2,089.86 points to 159,114.93, the JSE combined index rose 1,710.81 points to 170,004.17 and the junior market index fell 28.76 points to 2,249.10. In trading, 24 securities were active and accounted for 1,987,866 units changed hands with 9 stocks rising and 5 falling.
A number of stocks traded at new 52 week’s highs in both the main and junior market, with Supreme Ventures rising to $6.55, General Accident climbing to $2.60 and Caribbean Cement jumping $3.50 to $25.50.
Jam$ loses value all round – Monday
Trading in the Jamaican foreign exchange market rose on Monday, from Friday levels and well above trading on the prior Monday when only $27.6 million was purchased. Monday ended with dealers buying the equivalent of US$43,368,650 and selling US$39,093,223, compared with US$29,100,279 purchased and US$26,283,796 sold on Friday.
In US dollars trading, dealers bought US$38,895,652 compared to US$26,956,579 on Friday with the buying rate for the US dollar rising 4 cents to $120.42. A total of US$37,043,813 was sold versus US$25,059,286 on Friday as the selling rate climbed by 6 cents to $121.11. 
The Canadian dollar buying rate gained $1.46 to end at $82.91 with dealers buying C$2,285,181 and selling C$1,484,552, at an average rate that rose 28 cents to $84.87. The rate for buying the British Pound climbed $1.41 to $169.73 for the purchase of £1,835,997, while £520,136 was sold, with the rate gaining 47 cents to $170.63. At the end of trading the sale of the Euro, ended with a gain of 2 cents at J$131.03, from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the 
European common currency at J$128.35 for a fall of 42 cents from Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$311,814 being bought, while US$276,301 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a rise of $1.42 in the lowest buying rate of the British Pound, to end at $138.20 and a fall in the lowest selling rate of $1.55 to $163.75.
80% of Dolphin Cove overseas
World of Dolphins increased their holding in Dolphin Cove to 79.99 percent following the closing of compulsory offer to purchase shares from the minority shareholders, the company reported in a release to the stock exchange.
The Offer was accepted by 110 shareholders of Dolphin Cove who tendered 48,815,711 ordinary shares representing approximately 12.44 percent of all the shares issued by Dolphin Cove. Stafford Burrowes former majority owner sold a further 35,475,929 shares to World of Dolphins at the offer price of US$0.1338 per share.
On November 18, 2015, World of Dolphins Inc. acquired 58.51 percent amounting to 229,610,218 shares in Dolphin Cove’s issued shares. The majority of these shares were purchased from Stafford Burrowes, the founder and principal shareholder of Dolphin Cove. On December 18, 2015, World of Dolphins Inc. made the follow-up offer (“the Offer”) to purchase all shares in Dolphin Cove not already held by World of Dolphins at a price of US$0.1338 per share.
7 TTSE stocks gained 4 fell – Friday
Grace Kennedy closed at a 52 weeks’ high of $4.10 on Friday
Activity on the Trinidad and Tobago Stock Exchange continued to reflect a negative tone with moderate trading with 16 securities being active on Friday. The market closed with 7 stocks gaining, 4 declining with the prices of 5 remaining unchanged while 2 securities closed at 52 weeks’ high and 1 at a 52 weeks’ low. A total of 270,184 shares changed hands valued at $3,035,407.
The Composite Index advanced by 1.15 points to 1,164.29, the All T&T Index lost 0.94 points to 1,937.34 and the Cross Listed Index advanced by 0.44 points to close at 51.59.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with only 2 stocks with bids higher than the last selling price and 8 stocks with offers that were lower.
Gains| Angostura Holdings ended with a gain of 2 cents at $13.62 with 15,906 shares changing hands. Clico Investment Fund traded 26,327 shares valued at $598,502 but rose 1 cent to close at $22.74, First Citizens gained 1 cent with 5,419 shares trading to end at $35, FirstCaribbean International Bank traded 112,824 shares for a value of $577,659 to close at a 52 weeks’ high of $5.12 with a 10 cents rise. Grace Kennedy closed with 5,503 units trading, and rose 4 cents to close at a 52 weeks’ high of $4.10, Point Lisas closed with 1,000 units changing hands to end at $4 to record a gain of 7 cents and Unilever Caribbean ended with a 5 cents rise as 2,200 shares changed hands at $67.80.
Losses| Guardian Holdings had 1,760 units changing hands and lost 1 cent to close at $14,
Sagicor Financial Corporation lost 1 cent to end with 3,555 shares changing hands at $6.49.Scotia Investments contributed 31 shares but gained of 6 cents to close at $1.58 and Trinidad and Tobago NGL closed with loss of 41 cents as 3,410 units traded at a 52 weeks’ low of $20.84.
Firm Trades| Agostini’s traded 1,100 shares at $16.95, JMMB Group with 3,126 shares changing hands, closed at 55 cents, National Commercial Bank traded 79,067 shares at $2.29. Republic Financial Holdings closed at $112 as 8,556 shares valued at $958,272 changed hands, this stock is in demand with bids at $112 to buy 218,309 units and L.J. Williams 8% preference traded 500 units at $3.30.
Jamaican $ fairly stable on Friday
Trading in the Jamaican foreign exchange market declined sharply on Friday, from the expanded level on Thursday with dealers buying the equivalent of US$29,100,279 and selling US$26,283,796, compared with US$86,482,978 purchased and US$81,286,470 sold on Thursday.
In US dollars trading, dealers bought US$26,956,579 compared to US$81,408,190 on Thursday with the buying rate for the US dollar falling 40 cents to $120.38. A total of US$25,059,286 was sold versus US$76,491,607 on Thursday as the selling rate climbed by just 1 cent to $121.05.
The Canadian dollar buying rate dropped $2.70 to end at $81.45 with dealers buying C$975,164 and selling C$756,808, at an average rate that fell 85 cents to $84.59. The rate for buying the British Pound slipped $1.39 to $168.32 for the purchase of £942,480, while £313,967 was sold, with the rate gaining 19 cents to $170.16. At the end of trading the sale of the Euro, ended with a loss of 85 cents at J$131.01, from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.77 for a fall of 17 cents from Thursday’s rate. 
The US dollar equivalent of other currencies traded, amounts to US$166,009 being bought, while US$254,239 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a sharp drop of $16.55 in the lowest selling rate of the US dollar to $100.95. The Canadian dollar lowest selling rate rose by $1.50 to $79.50 and there was a rise of $1.32 in the highest buying rate of the British Pound, to $173.75.
