Trading fell sharply on the Junior Market of the Jamaica Stock Exchange on Wednesday compared to Tuesday with 23 securities changing hands, resulting in an exchange of only 696,098 units valued at $3,413,352.
In contrast on Tuesday 1,359,763 units valued at $7,878,297 from just 17 securities trading. At the close of market activities on Wednesday, the prices of 7 securities advanced, 7 declined and 9 remained unchanged. After 12 consecutive days of advances the Junior Market Index declined 15.46 points to close at 3,208.98.
Trading ended with an average of 30,265 units for an average of $148,407 in contrast to 79,986 units for an average of $463,429 on Tuesday. In contrast, October closed with average of 74,690 units valued at $362,548 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 3 stocks with the bid higher than their last selling price and 1 with a lower offer.
At the close of the market, AMG Packaging ended at $3.50, with 1,500 stock units trading, CAC 2000 traded with a loss of 45 cents at $6.50, with 2,130 shares, Caribbean Flavours ended trading 90 cents higher at $11.90, with 5,365 shares, Cargo Handlers finished trading with a loss of 9 cents at $11, with 5,515 stock units, Caribbean Producers closed at $3.79, with 5,419 units. C2W Music finished at $0.42, with 2,500 stock units, Express Catering ended with a loss of 43 cents at $4.50, with 26,731 stock units, Eppley finished at $11.60, with 2,691 ordinary shares, General Accident traded at $3.11, with 79,509 units, Honey Bun finished at $4.90, with 2,400 shares. Iron Rock finished trading 4 cents higher at $3.25, with 19,247 shares Jamaican Teas concluded trading at $4.10, with 3,550 units, Jetcon Corporation closed 4 cents higher at $4.84, with 64,982 shares, Knutsford Express settled at $14.80, with 2,350 shares, KLE Group concluded trading with a loss of 30 cents at $2.50, with 121,100 units. Caribbean Cream finished trading with a loss of 30 cents at $5.50, with 9,632 shares, Lasco Distributors settled 41 cents higher at $8.01, with 141,702 shares, Lasco Financial finished trading 50 cents higher at $5, with 154,030 stock units, Lasco Manufacturing finished trading with a loss of 6 cents at $4.39, with 40,545 units. Medical Disposables ended trading 5 cents higher at $5.80, with 3,000 shares and tTech closed 4 cents higher at $7.09, with 1,100 shares trading. In the junior market preference segment, Eppley 9.5% traded 200 units at $7.20 after falling 5 cents and Eppley 10% ended trading at $6, with 900 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.
Archives for November 2017
Jamaican$ resumes gaining vs US$ – Wednesday
Trading in the foreign market on Wednesday resulted in a slight slipping of the Jamaican dollar against the US dollar as US$42.5 million of the US dollar was sold by dealers at an average rate of $127.18 to the US dollar, compared to US$34.5 million at an average rate of $127.29 on Tuesday.
US currency purchases amounted to US$41 million on Wednesday, at an average rate of $126.29 compared to Tuesday, with US$37.9 million at $126.08.
Dealers purchased US$45.3 million, versus US$49.8 million on Tuesday in all currencies in Jamaica’s forex market and sold US$44.8 million compared with US$43.8 million previously.
At Midday, dealers bought US$17.9 million at J$126.84 and sold US$11.3 million at J$127.17 compared to the buying of US$16.17 million at J$126.49 and selling of US$13.2 million at J$127.20 at the same time on Tuesday.
The selling rate for the Canadian dollar dropped to J$98.16 from J$99.38 at the close on Tuesday. The selling rate for the British Pound rose to J$168.48 versus J$168.29 on Tuesday and the euro gained value against the Jamaican dollar, to J$148.92 to buy the European common currency, versus J$146.72 previously.
Record close for 3 Jamaican stocks
Grace Kennedy, JMMB Group and NCB Financial ended trading at record closing highs of $2.95, $2.10 and $6.20 respectively on Wednesday on the Trinidad & Tobago Stock Exchange, while Trinidad & Tobago NGL accounted for 80 percent of the value of securities exchanged.
Market activities ended with 12 securities changing hands compared to 16 on Tuesday and closed with 6 stocks advancing, 6 holding firm and no losses as 382,785 shares traded at a value of $4,215,303 compared to Tuesday’s trades of 290,111 valued at $3,885,729.
The Composite Index rose 12.04 points to 1,286.33, the All T&T Index advanced 2.40 points to 1,761.73 and the Cross Listed Index added 2.97 points to 109.28.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| The securities recording gains at the end of trading are First Caribbean International Bank that gained 50 cents to close at $9, in exchanging 1,225 shares, Grace Kennedy gained 5 cents to close at a 52 weeks’ high of $2.95, with 3,300 units, Guardian Holdings advanced 50 cents to $15.50, with 2,143 shares. JMMB Group climbed to a 52 weeks’ high of $2.10, after rising 5 cents and the trading of 224,110 shares valued at $471,767, NCB Financial Group added 5 cents, closing at a 52 weeks’ high of $6.20 with 1,000 units changing hands and Republic Financial Holdings gained 3 cents and closed at $101.79, with 31 units.
Firm Trades| Securities that closed with unchanged prices are First Citizens closing at $31.80 with 1,894 shares, Massy Holdings trading 5,000 shares at $50 and National Enterprises exchanging 30 units at $10. Prestige Holdings trading 26 stock units at $10.75, Sagicor Financial that remained at $7.95 with trades of 1,070 shares and Trinidad & Tobago NGL closed at $23.50 trading 142,956 units valued at $3,360,895.
Pulse Investments cans Rights Issue
Pulse Investments (PULS) has canned their previously proposed rights issue of ordinary shares, instead the company has resorted to bonds financing, the preferred approached minority shareholders had recommended at the 2016 annual General meeting.
The proposed debt financing did not find favour with the directors hence their attempt to seek equity funding. According a release of the company, “the Board decided that the Company will not pursue the previously announced rights issue, as it has now secured funding from a related party as well as a bond from NCB Capital Markets. The Directors decided, on reflection, that the funding now secured, is a less expensive alternative for the company than the rights issue would have been. Further, no shareholders run the risk of dilution of their Pulse shareholding as a result of the current course of action.”
PULS further states that it wishes to clearly indicate that the rights issue, which would have been arranged and brokered by NCB Capital Markets, had been approved, with sufficient commitments made to ensure that the issue would have been fully subscribed.
Superheroes, scares & laughs at the movies
It is a good time to be a superhero fan as Jamaica Stock Exchange listed, Palace Amusement releases this Wednesday, the highly anticipated, Thor: Ragnarok, along with Jigsaw and the funfilled, A Bad Mom’s Christmas, to kick start the 2017 Christmas celebrations.
In the latest version on Marvel film, Thor is Imprisoned on the other side of the universe without his powerful hammer ‘Mjolnir’. He must survive a race against time to get back to Asgard, to stop the destruction of his home world at the hands of the all-powerful and ruthless Hela. But first he must battle his way to freedom in a lethal duel against his former ally and fellow Avenger—the Incredible Hulk! Determined to return home and unseat the usurper, Thor recruits his friends Valkyrie (Tessa Thompson), Loki (Tom Hiddleston) and The Hulk (Mark Ruffalo) for an epic confrontation against the most powerful force he has ever faced. Thor: Ragnarok is directed by Academy
Award® nominee Taika Waititi and returns Chris Hemsworth starring as Thor and Golden Globe Award® winner Tom Hiddleston reprising his role as Loki. They are joined by Academy Award® winner Cate Blanchett, Golden Globe Award® winner Idris Elba, Oscar® nominated Jeff Goldblum, Tessa Thompson and, Academy Award® nominee Mark Ruffalo.
You know his name, you know his voice and he knows your sins. Although he is not considered a super hero, the infamous Jigsaw returns in Jigsaw the final installment of the Saw franchise and he is pulling more deadly tricks on the cast. Bodies are surfacing bearing all the markings of the Jigsaw killer and law enforcement jostles about to fathom the return of the grisly being, after being dead for over a decade. They find themselves chasing the ghost of a dead man while being entangled in a new game that’s only just begun. Is John Kramer back from the dead to remind the world to be grateful for the gift of life? Or is this a trap set by a killer with designs of his own? This slasher film stars: Tobin Bell as John
Kramer (Jigsaw) Matt Passmore, Callum Keith Rennie, Laura Vandervoort and Mandela Van Peebles.
Adding a little light to the line-up while stirring our holiday spirit is A Bad Mom’s Christmas. This comedy features three under-appreciated and over-burdened moms who rebel against the challenges and expectations of moms during Christmas. With kids to please, endless amounts of shopping and nagging families to contend with, Christmas is one of the most complex time of the year for these moms. The arrival of their own moms who are staying over for the holidays marks the final fuse as far as their own personal enjoyment is concerned. Golden Globe® nominee Mila Kunis, Kristen Bell (Frozen 2) and Kathryn Hahn (The Secret Life of Walter Mitty) all reprise their roles as the disgruntled mother’s in A Bad Mom’s Christmas, a follow up to the hit 2016 comedy – Bad Moms.