Jetcon traded for the first time to close at $2.56 on Tuesday
At the close, there were 5 stocks closing with bids that were higher than their last selling prices and 4 ended with lower offers.
In trading, AMG Packaging gained 43 cents and closed at $11 with 100,300 units changing hands, Blue Power had 16,153 shares trading but rose 50 cents to end at a 52 weeks’ high of $14.05. Caribbean Cream rose 79 cents with 40,355 shares changing hands to end at $4.29. Caribbean Producers lost 29 cents in trading 35,000 shares to end at $4.20 Consolidated Bakeries had 5,000 units trading with a loss of 18 cents to end at $1.12, C2W Music lost 7 cents to close at 52 weeks’ low of 36 cents while trading 5,555 shares, Dolphin Cove had 800 units changing hands at $15.29. General Accident traded just 1,000 shares but lost 2 cents in closing at $2.98, Iron Rock had 29,000 shares trading at $4,
Jamaican Teas closed at $4.01 after trading 27,936 units for a gain of 1 cent, Jetcon traded 23,736 shares with a rise of 31 cents to $2.56, for a closing high. Lasco Distributors gained 10 cents with 23,420 units trading, to end at $5.85, Lasco Financial ended at $3 with 9,280 shares changing hands. Lasco Manufacturing ended with 511,148 shares changing hands to close at $3.80, with a rise of 30 cents, Medical Disposables fell 35 cents and closed with 1,750 shares trading at $3.15 and tTech gained 5 cents, in trading 2,500 shares at $4.30.Shares in ISP Finance Services will list on the junior market on Wednesday when trading in the shares is expected to commence.
Trading in the foreign exchange market resulted in the Jamaican dollar making gains against the US dollar but declining versus the Pound and Canadian dollar on Tuesday. The market closed with dealers buying the equivalent of US$64,271,438 and selling US$51,490,582, in contrast to US$35,981,243 purchased and US$43,831,621 sold on Thursday. 
The Canadian dollar buying rate rose 27 cents to end at $88.84 with dealers buying C$2,153,879 and selling C$1,058,914, at an average rate that was up by 53 cents to $91.33. The rate for buying the British Pound climbed by $2.21 to $170.12 for the purchase of £2,075,842, while £552,137 was sold, as the rate rose 87 cents to $171.34. At the end of trading, the selling rate for Euro, fell 12 cents to close at J$136.23, from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$133.41 for a fall of 12 cents from Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$540,471 being bought, while US$535,998 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Tuesday are, a fall of $2.37 in the lowest selling rate of the US dollar to $99.78, the highest buying rate of the Canadian dollar rose by $2.25 to $94.50 while the lowest selling rate rose $3.80 to $87. There was a rise of $2.10 in the highest buying rate for the British Pound to $174.90 and a big drop of $17.75 in the lowest selling rate to end at $146.75. 
The slide on the Trinidad & Tobago Stock Exchange continued on Tuesday as trading ended with 484,267 shares valued at $851,140 changing hands. A total of 11 securities traded with 3 falling, 2 gaining while 6 remained unchanged. Two stocks closed at 52 weeks’ lows.
One Caribbean Media traded 275 shares and fell 22 cents to end at a 52 weeks’ low of $21.75 and Scotia Investments with 149,294 shares valued at $257,727 changing hands, closed at $1.60 for a drop of 21 cents.
Consolidated Bakeries is under pressure having traded down to $1.12 from $1.30 while trading 5,000 shares, there is an offer of 848,909 units on offer at $1.30 with the bid at $1.11 to buy 20,000 units. There are only six bids in the market for the stock for 290,000 units down to 85 cents while there are 27 offers to sell. Caribbean Cement gained 90 cents to $23.90 but only 13,695 shares changed hands with the bid still at $22.
The December quarter profit of $519 million is the lowest of the three quarters to date as the group saw increased net interest income but lower gains on securities trading of $714 million versus $942 in the 2014 quarter and Foreign exchange margins from cambio trading of $227 million versus $248 million. Year to date these two categories are up on the prior year’s nine months. JMMB reported profit of $743 million in the 2014 December quarter, 43 percent more than in 2015.
Jamaica garnered just 3.2 percent or US$69 million in 
National Enterprises closed with 3,253 shares changing hands at a 52 weeks’ low of $8.99 after falling by 1 cent, Trinidad Cement closed with a loss of 8 cents at $3.60 with 3,500 shares changing hands. L.J. Williams B share traded 900 units and lost 1 cent to close at a 52 weeks’ low of 96 cents and West Indian Tobacco traded 533 shares but fell 1 cent in ending at $126.27.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 7 stocks with bids higher than their last selling prices and 7 with lower offers, an indication of fluidity in price movements but with a bias for declining stocks to have the upper hand when trading resumes after the long holiday week end.
Jamaica Broilers traded 54,394 units to close with a gain of 80 cents at $14, JMMB traded 427,342 shares to close at $10 after falling by 20 cents. Mayberry Investments traded 26,016 shares to end at $4.20 but lost 25 cents, National Commercial Bank rose by 3 cents with 18,868 shares changing hands to close at $41.03, Pan Jamaican gained $1 in trading 62,670 units at $94, Sagicor Group dropped 95 cents while 16,736,871 shares changed hands. Scotia Group lost 11 cents while trading 20,144 shares to close at $30.39 Seprod dropped $2.65 with 72,250 shares changing hands to end at $15.85, Supreme Ventures gained 1 cent to close at $5 with 6,523,950 units changing hands and 73,667 preference shares of JMMB Group 7.5% traded to end at $2.15.
Knutsford Express closed with 1,966 units changing hands to close at $22 after trading earlier at an all-time high of $23.20, Lasco Distributors gained 24 cents with 100,892 units trading, to end at $5.75, Lasco Financial lost 3 cents and ended at $3 with 113,654 shares changing hands. Lasco Manufacturing ended with 293,099 shares changing hands to close at $3.50, with a fall of 6 cents, Paramount Trading closed with 1,171 shares trading at $11.31 and tTech lost 5 cents, in trading 139,942 shares at $4.25.
The Canadian dollar buying rate fell 77 cents to end at $88.57 with dealers buying C$1,219,151 and selling C$540,138, at an average rate that dropped 74 cents to $90.80. The rate for buying the British Pound fell by $4.30 to $167.91 for the purchase of £891,507, while £291,971 was sold, as the rate rose 47 cents to $170.47. At the end of trading, the selling rate for Euro, fell 61 cents to close at J$136.35, from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$133.54 for a fall of 63 cents from Wednesday’s rate. 
The US dollar equivalent of other currencies traded, amounts to US$441,574 being bought, while US$540,551 was sold.
