Archives for September 2016
4 TTSE stocks fall 2 rose Friday
Trading activity remained low on the Trinidad and Tobago stock market on Friday compared with the levels of trading on Thursday. Only 122,386 shares valued at $1,499,056 changed hands, compared to 89,457 shares valued at $1,653,454 on Thursday.
The market closed with modest movements in the indices and ended with 2 stocks gaining, 4 declining and 3 remaining unchanged as 9 securities traded.
The Composite Index declined 0.22 points to close at 1,156.83, the All T&T Index fell 1.42 points to close at 1,817.13 and the Cross Listed Index inched up 0.13 to 66.11 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 7 stocks with bids higher than their last selling prices and 3 with offers that were lower.
Gains| JMMB Group rose 3 cents to end with 97,370 shares changing hands to close at 64 cents and Trinidad and Tobago NGL rose 1 cent and closed at $23.66 with 3,851 units changing hands.
Losses| Guardian Holdings ended with a loss of 5 cents while trading 2,000 shares to close at $12.75, Massy Holdings lost 68 cents in trading 210 units to end at $54. LJ Williams B share lost 1 cent in trading 1,200 units to end at a 52 weeks’ low of 71 cents and Scotiabank closed with 500 shares at $57.99 after falling by a cent.
Firm Trades| Clico Investment Fund closed with 4,120 shares changing hands to end at $22.60, First Citizens Bank traded 5,247 shares to end at $35 and West Indian Tobacco traded 7,888 shares to close at $127.05.
Trading drops on TTSE – Thursday
Trading activity dropped on the Trinidad and Tobago stock market on Thursday compared with the levels of trading on Wednesday. Only 89,457 shares valued at $1,653,454 changed hands, compared to 204,982 units valued at $2,918,765 on Wednesday.
The market closed with modest movements in the indices and ended with 3 stocks gaining, 1 declining and 6 remaining unchanged as 10 securities traded.
The Composite Index rose 0.84 points to close at 1,157.05, the All T&T Index gained 1.60 points to close at 1,818.55 and the Cross Listed Index inched up 0.01 to 65.98 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 7 stocks with bids higher than their last selling prices and 2 with offers that were lower.
Gains| National Commercial Bank ended with 32,432 shares changing hands to close at $2.60, with a gain of 2 cents, National Enterprises rose 14 cents and ended with 35,000 shares changing hands at $10.15 and West Indian Tobacco traded 5,000 shares to close a 52 weeks’ high of $127.05 after gaining 5 cents.
Losses| Ansa McAl lost 1 cent in trading 1,360 units to end at $62.70.
Firm Trades| Angostura Holdings jumped 45 cents with 149 shares, changing hands to close at $14.50, First Citizens Bank traded 44 shares to end at $35, Guardian Holdings ended with 808 shares to close at $12.80. Prestige Holdings traded 2,100 shares at $11, Sagicor Financial Corporation closed with 31,341 shares changing hands at $6.90, Scotiabank closed with 30 shares at $58 and Trinidad and Tobago NGL closed at $23.65 with 13,625 units changing hands.
Jamaica’s FX market balanced on Thursday
Flows in and out of the Jamaican foreign exchange market were in balance on Thursday. The impact on rates was mixed, with slippage in the value of the Jamaican dollar against United States and Canadian currencies and gains against the pound and euro.
At the end of trading, the equivalent of all currencies bought by dealers was US$29,696,401, while US$29,483,135 was sold compared to US$29,131,694 purchased and US$23,158,962 sold on Wednesday.
In US dollar trading, dealers bought US$26,609,238 compared to US$26,470,810 on Wednesday. The buying rate for the US dollar rose 18 cents to close at $127.50. A total of US$27,286,685 was sold versus US$21,617,895 on Wednesday, with the selling rate rising 9 cents to end at $128.20.The Canadian dollar buying rate jumped $2.68 to $96.85, with dealers buying C$2,401,978 and selling C$2,067,916 at an average rate that climbed $1.56 to $97.91. The average rate for buying the British Pound fell $1.11 to $162.77 for the purchase of £900,326 while £381,123 was sold as the rate fell 20 cents to end at $166.23.
At the end of trading, dealers sold €102,860 as the selling rate for the Euro, closed at $143.92 for a fall of 25 cents from Wednesday’s rate, according to data from Bank of Jamaica. Dealers purchased €96,008 of the European common currency at $138.31 after falling $1.09 from the rate on Wednesday. The US dollar equivalent of other currencies traded, amounts to US$9,077 being bought and the selling of US$7,432.
Highs & Lows| Changes to the highest and lowest traded rates for the US Dollar remain moderate but notable changes to rates for the three other currencies in the foreign exchange market on Thursday, include a rise of $2.24 highest buying rate of the Canadian dollar to $100.10. The highest buying rate of the British Pound dropped $2.40 to $166.60, the highest selling rate rose $1.93 to $174.20 while the lowest selling rate fell $3.75 to $158. Trading in the Euro resulted in a rise of $3.10 in the highest selling rate to end at $149.80 and a gain of $2.58 in the lowest selling rate to $137.08.