Archives for January 2018

Big surge in JSE Main market – Wednesday

January 31, 2018 by IC Insider.com

The Main Market of the Jamaica Stock Exchange ended January with strong gains in the market indices, with JSE All Jamaican Composite Index jumping 2,844.76 points to 315,947.37 and the JSE Index climbing 2,591.90 points to 287,863.79, marginally down for the year to date.
Main and US market activities ended with 9 stocks rising, 10 declining and 10 trading firm as 29 securities traded, versus 31 on Wednesday, including 2 from the US market.
Main market activity surged to 17,559,021 shares valued at $97,721,084 with just two stocks accounting for 88 percent of the volume. In contrast with 4,096,473 shares valued at $78,829,626 traded on Wednesday.
The US market traded 9,262 units with a value of US$29,441 with the JSE US Equities Index declining 2.23 points to end at 172.09 for a 3.6 percent rise from the 2017 close. Trading in this market ended with Productivity Business closing at 55 US cents with 25,294 shares and Proven Investments trading 68,968 ordinary shares, to close with a loss of 0.5 cents at 22.5 US cents.
Market activity ended with an average of 650,334 shares valued at $3,619,299, in contrast to 146,303 shares valued at $2,815,344 on Tuesday. The average volume and value for the month to date amounts to 239,900 units valued at $5,158,193 and previously 220,146 units valued at $5,239,823. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and 2 with a lower offer.
Major price changes at the close of the market are, Caribbean Cement gained $1.50 and JMMB Group climbed $1. The volume traded was dominated by Cable & Wireless with an exchange of 11,351,768 shares and Wisynco Group trading 4,146,449 units.

For more details of market activities see – C&W and Wisynco in big trades on JSE .

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Daily Trading, Emerging markets, Jamaica Stock Exchange, Jamaican stocks, Productivity Business, Proven Investments, Trading Activity, Wisynco Group

C&W and Wisynco in big trades on JSE

January 31, 2018 by IC Insider.com

Cable & Wireless with an exchange of 11,351,768 shares and Wisynco Group trading 4,146,449 units dominated trading with 88 percent of volume on the main market on Wednesday.
Market activity closed with 27 securities changing hands, leading to 17,559,021 shares valued at $97,721,084 changing hands. At the close the prices of 8 stocks rose, 10 declined and 9 traded firm.
At the close of the market the JSE All Jamaican Composite Index jumped 2,844.76 points to 315,947.37 and the JSE Index surged 2,591.90 points to 287,863.79.
In main market activity, Barita Investments ended with a loss of 50 cents at $7.50, with 100 stock units, Berger Paints closed with a loss of 15 cents at $17.35, with 143,691 shares, Cable & Wireless concluded trading at $1.36, with 11,351,768 units, Carreras finished with a loss of 25 cents at $11, with 799,248 shares, Caribbean Cement settled $1.50 higher at $34.50, with 26,394 shares. Grace Kennedy traded at $43.10, with 7,210 stock units, Jamaica Broilers finished trading 51 cents higher at $18.01, with 27,100 units, Jamaica Producers closed 40 cents higher at $16.90, with 17,262 shares, Jamaica Stock Exchange ended with a loss of 50 cents at $6.50, with 86,312 shares. JMMB Group concluded trading $1 higher at $25, with 107,680 shares, Kingston Wharves settled at $33.50, with 24,000 units, Mayberry Investments ended trading with a loss of 1 cent at $5.99, with 1,270 shares, NCB Financial Group traded with a loss of 1 cent at $100.84, with 99,261 shares. 1834 Investments finished trading 10 cents higher at $1.30, with 11,877 shares, Pulse Investments ended with a loss of 19 cents at $1.80, with 30,876 shares, Radio Jamaica settled 2 cents higher at $1.07, with 17,435 shares, Sagicor Group ended trading with a loss of 40 cents at $35.60, with 126,082 stock units. Sagicor Real Estate Fund ended trading with a loss of 49 cents at $14.01, with 19,627 shares, Salada Foods traded with a loss of 50 cents at $10.50, with 1,355 units, Scotia Group finished trading 4 cents higher at $52.99, with 35,488 shares, Supreme Ventures concluded trading 28 cents higher at $11.98, with 92,495 stock units, Victoria Mutual Investments finished at $4.10, with 215,060 units and Wisynco Group gained 54 cents to $11.99, with 4,146,449 shares. In the main market preference segment, Jamaica Money Market 7.5% traded at $2, with 160,230 stock units, JMMB Group 7.5% closed at $1.17, with 9,651 shares, 138 Student Living ended at $6.15, with 1,000 shares, Proven Investments climbed 85 cents to a 52 weeks’ high of $5.90, with 100 units traded.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Big surge in JSE Main market – Wednesday.”

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB, JMMB Group, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Supreme Ventures, Trading Activity, Victoria Mutual Investments, Wisynco

Jamaican$ falls against US$ – Wednesday

January 31, 2018 by IC Insider.com

The Jamaican dollar rose 32 cents from Tuesday’s closing selling rate to remain above J$125, to the United States currency in foreign exchange trading on Wednesday, but the buying rate inched higher by 23 cents.
Inflows of all currencies, totaled US$43.18 million, versus US$39.18 million on Tuesday with the selling of US$39.60 million down from US$49.93 million on Tuesday.
In US dollar trading, dealers sold US$37.66 million at an average of $125.39 at the close, compared to US$43.04 million at an average of $125.07 on Tuesday. US currency purchases by dealers, amounted to US$38.01 million at an average of $124.04 at the close, compared to US$34.17 million at an average of $123.81.
At mid-day on Wednesday dealers purchased US$11.9 million at an average rate of J$124.49 and sold US$13.89 million at an average of J$124.52.
On Tuesday at midday dealers purchased US$21.3 million at an average rate of J$124.35 and sold US$15.08 million at an average of J$125.07.
The selling rate on Wednesday, for the Canadian dollar dropped to J$100.73 from J$104.69 at the close on Tuesday, the selling rate for the British Pound rose to J$176.58 from J$174.55 previously and the euro fell in value against the Jamaican dollar at J$155.33 to buy the European common currency, versus the prior selling rate of J$156.03.

Filed Under: FX Market Tagged With: Bank Of Jamaica, BOJ, British Pound, Canadian dollar, Daily trading activity, Emerging market, euro, euro v J$, FX trading, jamaican dollar, US Dollar

Trinidad stocks decline again

January 31, 2018 by IC Insider.com

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Market activity on the Trinidad & Tobago Stock Exchange ended on Wednesday with trading in 16 securities against 14 on Tuesday, with 4 stocks advancing, 4 declining and 8 remaining unchanged.
At close, the Composite Index lost 0.50 points to 1,272.53, the All T&T Index fell 0.99 points to 1,703.77, while Cross Listed Index closed unchanged at 113.53.
Market activity ended with 334,468 shares with a value of $9,456,041 traded, compared to 194,026 shares with a value of $3,847,017 on Tuesday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 6 with lower offers.
Gains| Agostini’s gained 1 cent to close at a 52 weeks’ high of $20.76, with 200 shares trading, Angostura Holdings gained 70.00 cents and ended at $15.70, with 80 stock units changing hands, Bourse Brazil finished trading with a gain of 30 cents at a 52 weeks’ high of $8.40, with 500 stock units changing hands and Guardian Holdings closed with an increase of 25 cents, to finish at $17.25, trading 93,718 shares.
Losses| Clico Investments fell by 40 cents and close at $20.50, with 7,654 units, Massy Holdings shares fell 1 cent and finished at $47.49, with 102 stock units changing hands, Prestige Holdings fell 20 cents and finished at $10.30, trading 450 shares and Trinidad & Tobago NGL fell $1.01 and close at $26.54, with 96,007 units.
Firm Traded| Ansa Merchant Bank closed at $40, trading 2,434 shares trading, First Citizens finished at $32.01, trading 150 shares trading, National Enterprises close at $9.67, with 6,168 units, NCB Financial Group finished at $6.60, trading 30,700 shares trading, Republic Financial Holdings ended at $101.50, with 41,534 stock units changing hands. Sagicor Financial finished at $7.90, with 5,145 units, Trinidad Cement ended at $3.75, trading 46,495 shares trading and West Indian Tobacco concluded trading at $88.51, with 3,131 stock units changing hands.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, National Enterprises, NCB Financial Group, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean

Junior Market climbs 7% in January

January 31, 2018 by IC Insider.com

After climbing 36.88 points on Monday, 45.59 points on Tuesday the Junior Market jumped 76.21 points to close at 2,922.21 to be up 7 percent for the year to date. Much of the gains have to do with some recovery in the prices of two largest Lasco companies.
At the close of market activities on Wednesday, 25 securities changed hands, resulting in an exchange of 4,216,943 units valued at $15,584,380 compared to 8,181,768 units valued at $31,174,089 from 22 securities changing hands, on Tuesday. GWest Corporation accounted for 71 percent of the volume traded for the day. Market activities ended with the prices of 11 securities that advanced, 12 declined and 2 remained unchanged.
Trading ended with an average of 168,678 units for an average of $623,375 in contrast to 371,899 units for an average of $1,417,004 on Tuesday. For the month to date an average of 122,386 shares valued at $489,704 and previously, an average of 119,907 shares valued at $482,228. December closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ending with the bid higher than the last selling price and 5 with lower offers.
At the close of the market, Access Financial jumped by $5.90 and closed at $48, with a mere 220 shares trading, AMG Packaging ended with a loss of 2 cents at $2, with 20,000 stock units, Caribbean Cream ended trading with a loss of 5 cents at $5.51, with 106,425 shares, Caribbean Producers finished trading with a loss of 20 cents at $4.30, with 30,500 units, Consolidated Bakeries closed with a loss of 2 cents at $1.98, with 103,000 shares. Dolphin Cove finished 62 cents higher at $17, with 59,647 stock units, Eppley settled $1.50 higher at $12.50, with 6,200 units, but only after it traded at a 52 weeks’ low of $9.50. Express Catering ended trading with a loss of 5 cents at $4.50, with 29,503 shares, FosRich Group traded with a loss of 5 cents at $2.50, with 114,890 shares. GWest Corporation closed with a loss of 5 cents at $3.20, with 2,982,117 stock units, Honey Bun ended 44 cents higher at $5, with 21,000 units, Jamaican Teas settled with a loss of 5 cents at $4.60, with 37,143 shares, Jetcon Corporation ended trading with a loss of 30 cents at $4.50, with 43,328 stock units. Key Insurance traded 30 cents higher at $3.55, with 16,000 units, Knutsford Express closed $1 higher at $15, with 1,200 shares, Lasco Distributors ended 20 cents higher at $4, with 53,444 shares, Lasco Financial gained 4 cents to close at $5.15, with 112,729 stock units. Lasco Manufacturing finished 10 cents higher at $4.40, with 242,450 units, Main Event settled with a rise of 20 cents at $5.70, with 3,143 shares, Paramount Trading traded at $3.40, with 6,921 shares, Stationery and Office finished trading at $5.05, with 180,026 stock units. Sweet River closed with a loss of 5 cents at $3.80, with 30,000 units and tTech ended with a loss of 5 cents at $5.95, with 917 shares. In the junior market preference segment, Eppley 8.25% concluded trading with a loss of 5 cents at $5.40, with 8,940 units and Eppley 9.5% finished 64 cents higher to a 52 weeks’ high of $7.89, with 7,200 shares.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Caribbean Producers, Consolidated Bakeries, Daily Trading, Dolphin Cove, Emerging markets, Express Catering, FosRich, GWest, Honey Bun, Jamaica Stock Exchange, Jamaican Stock, Jamaican Teas, Jetcon Corporation, Key Insurance, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity, tTech

Unemployment in Jamaica drops to 10.4%

January 31, 2018 by IC Insider.com

Unemployment in Jamaica took another fall in the latest survey, done by the Statistical Institute of Jamaica (STATIN) as 27,300 more persons gained employment over the 12 months period to October last year.
The latest data from Statin shows, the unemployment rate falling to 10.4 percent in October last year, “the lowest since October 2008,” Statin stated. According to Statin the rate of unemployment “has been trending downwards over the last decade”. The unemployment numbers are based on a Labour Force, of 1,347,600 representing a decrease of 6,500 compared to 1,354,100 in October 2016.
A total of 1,206,800 persons were employed in October 2017, representing 27,300 persons or 2.3 percent more than the 1,179,500 recorded in October 2016. Employment for males increased by 5,300 to 668,900 and for females an increase of 22,000 or 4.3 percent from 515,900 to 537,900 over the same period. The youth unemployment fell but remains high at 25.4 percent, the lowest since January 2008.
The overall unemployment rate for the country in July last year was 11.3 percent.

Filed Under: Economy, Feature Stories Tagged With: Jamaica's unemployment rate, Statistical Institute of Jamaica

Maze Runner: The Death Cure

January 31, 2018 by IC Insider.com

A scene from Maze Runner: The Death Cure

This 3D action and adventure from Twentieth Century Fox marks the epic finale to the Maze Runner saga. Thomas leads his group of fugitive Gladers on their final mission fraught with risk and peril. To save their friends, they must break into the legendary Last City, a WCKD-controlled labyrinth that may turn out to be the deadliest maze of all. Anyone who makes it out alive will get answers to the questions the Gladers have been asking since they first arrived in the maze.

Based on the novel “The Death Cure” by James Dashner, the film is directed by Wes Ball, with screenplay by T.S. Nowlin. The cast includesDylan O’Brien, Kaya Scodelario, Thomas Brodie-Sangster, Nathalie Emmanuel, Giancarlo Esposito, Aidan Gillen, Walton Goggins, Ki Hong Lee, Barry Pepper, Will Poulter and Patricia Clarkson.

Filed Under: At the Movies Tagged With: Aidan Gillen, Barry Pepper, Dylan O'Brien, Giancarlo Esposito, Kaya Scodelario, Ki Hong Lee, Maze Runner Saga, Nathalie Emmanuel, Patricia Clarkson, The Death Cure, Thomas Brodie-Sangster, Walton Goggins, Will Poulter

Several JSE prices up ahead of month end

January 30, 2018 by IC Insider.com

Trading activity on the main market ended on Monday as 28 securities changed hands, leading to 4,096,473 shares valued at $78,829,626 changing hands, with the prices of 16 stocks rising, 3 declining and 9 trading firm.
At the close of the market the JSE All Jamaican Composite Index rose 927.49 points to 313,102.61 and the JSE Index advanced by 845.05 points to 285,271.89.
In main market activity, Barita Investments ended at $8, with 108 stock units, Berger Paints closed at $17.50, with 407,139 shares, Cable & Wireless concluded trading 1 cent higher at $1.36, with 18,175 units, Carreras finished with a loss of 4 cents at $11.25, with 147,989 shares, Caribbean Cement settled 50 cents higher at $33, with 1,936 shares. Ciboney Group ended trading at 22 cents, with 167,535 shares, Grace Kennedy traded 60 cents higher at $43.10, with 61,812 stock units, Jamaica Broilers finished trading with a loss of $1 to $17.50, with 18,019 units, Jamaica Producers closed $1.50 higher at $16.50, with 16,403 shares. Jamaica Stock Exchange ended 35 cents higher at $7, with 33,400 shares, JMMB Group concluded trading at $24, with 824,485 shares, Kingston Wharves settled 50 cents higher at $33.50, with 6,556 units, Mayberry Investments ended trading 15 cents higher at $6, with 56,902 shares. NCB Financial Group traded at $100.85, with 118,542 shares, 1834 Investments finished trading at $1.20, with 32,027 shares, 138 Student Living ended 15 cents higher at $6.15, with 300 shares, PanJam Investment ended 50 cents higher at $41, with 37,100 units, Pulse Investments finished with a loss of 1 cent at $1.99, with 4,400 shares. Radio Jamaica settled at $1.05, with 28,454 shares, Sagicor Group ended trading 80 cents higher at $36, with 20,854 stock units, Salada Foods traded with a loss of $1.55 at $11, with 500 units, Scotia Group jumped $2.90 to close at $52.95, with 250,531 shares. Seprod closed 50 cents higher at $30, with 48,496 shares, Sterling Investments ended at $13, with 3,942 shares, Supreme Ventures concluded trading 20 cents higher at $11.70, with 83,345 stock units, Victoria Mutual Investments finished 9 cents higher at $4.10, with 308,773 units. Wisynco Group settled $1.00 higher at $11.45, with 1,249,530 shares and Sagicor Real Estate Fund ended trading 50 cents higher at $14.50, with 149,220 shares.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Main market trading picks up with 17 gains.”

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Supreme Ventures, Trading Activity, Victoria Mutual Investments, Wisynco

Main market trading picks up with 17 gains

January 30, 2018 by IC Insider.com

Wisynco traded the most shares on teh JSE on Tuesday

Wisynco traded the most shares on the JSE on Tuesday

Trading on the Main Market of the Jamaica Stock Exchange ended on Tuesday with JSE All Jamaican Composite Index gained 927.49 points to 313,102.61 and the JSE Index advanced by 845.05 points to 285,271.89.
Main and US market activities ended with 17 stocks rising, 5 declining and 9 trading firm as 31 securities traded, versus 26 on Monday, including 3 from the US market.
Main market activity increased with 4,096,473 shares valued at $78,829,626 traded, in contrast with 3,323,821 shares valued at $32,670,539 on Monday.
The US market traded 35,129 units with a value of US$7,605 with the JSE US Equities Index declining 1.18 points to end at 174.32. Trading in this market ended with Margaritaville closing at 22 US cents with 4,100 units after shedding 3 cents, Proven Investments trading 27,087 ordinary shares, to close with a gain of 2 cents at 23 US cents and Sterling Investments closing with a loss of 2 US cents and ended at 12 US cents with 3,942 shares.
Market activity ended with an average of 146,303 shares valued at $$2,815,344, in contrast to 132,953 shares valued at $1,306,822 on Monday. The average volume and value for the month to date amounts to 220,146 units valued at $5,239,823 and previously 224,025 units valued at $5,115,100. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.

IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 12 stocks ended with bids higher than their last selling prices and 2 with a lower offer.
Major price changes at the close of the market are, Jamaica Broilers finished trading with a loss of $1, Jamaica Producers lost $1.50, Salada Foods traded with a loss of $1.55 and Scotia Group jumped $2.90. The volume traded was dominated by JMMB Group concluded trading at $24, with 824,485 shares and Wisynco Group with 1,249,530 shares with the price jumping $1.

For more details of market activities see – Several JSE prices up ahead of month end.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Daily Trading, Emerging markets, Jamaica Broilers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Proven Investments, Salada Foods, Scotia Group, Trading Activity, Wisynco Group

Junior Market index jumps – Tuesday

January 30, 2018 by IC Insider.com

Lasco Distributors traded 76% of total volume in the Junior Market.

After climbing 36.88 points on Monday the Junior Market made further gains on Tuesday at the close 45.59 points higher to 2,846.00, as the prices of 12 securities advanced, 9 declined and 1 remained unchanged.
At the close of market activities on Tuesday, 22 securities changed hands, resulting in an exchange of 8,181,768 units valued at $31,174,089 compared to 4,267,682 units valued at $16,140,258 from 22 securities changing hands, on Monday. Lasco Distributors gained 20 cents, accounting for 76 percent of the market volume and Lasco Manufacturing finished 13 cents higher with 329,396 units making a major contribution to the gain in the market index.
Trading ended with an average of 371,899 units for an average of $1,417,004 in contrast to 193,986 units for an average of $733,648 on Monday. For the month to date an average of 119,907 shares valued at $482,228 and previously, an average of 107,450 shares valued at $423,942. December closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with the bid higher than the last selling price and 6 with lower offers.
At the close of the market, AMG Packaging ended with a loss of 38 cents to close at a 52 weeks’ low of at $2.02, with 146,183 stock units, CAC 2000 finished 20 cents higher at $8.70, with 1,211 shares, Caribbean Cream ended trading 6 cents higher at $5.56, with 1,200 shares, Caribbean Producers finished trading with a loss of 7 cents at $4.50, with 5,551 units, Consolidated Bakeries closed with a loss of 18 cents at $2, with 33,724 shares. Dolphin Cove finished with a loss of 52 cents at $16.38, with 2,963 stock units, Express Catering ended trading 5 cents higher at $4.55, with 1,997 shares, FosRich Group traded with a loss of 5 cents at $2.55, with 77,954 shares, General Accident finished trading 13 cents higher at $2.85, with 20,000 shares. GWest Corporation closed 5 cents higher at $3.25, with 1,128,212 stock units, Honey Bun ended 6 cents higher at $4.56, with 31,130 units, Jamaican Teas settled 5 cents higher at $4.65, with 5,918 shares, Jetcon Corporation ended trading 55 cents higher at $4.80, with 28,105 stock units. Key Insurance traded 24 cents higher at $3.25, with 66,862 units, Knutsford Express closed with a loss of 1 cent at $14, with 5,300 shares, Lasco Distributors ended 20 cents higher at $3.80, with 6,221,994 shares changing hands, Lasco Financial concluded trading with a loss of 13 cents at $5.11, with 45,927 stock units. Lasco Manufacturing finished 13 cents higher at $4.30, with 329,396 units, Main Event settled at $5.50, with 9,920 shares, Medical Disposables lost 5 cents to close at $4.95, with 5,400 shares, Paramount Trading traded with a loss of 5 cents at $3.40, with 10,821 shares and Stationery and Office finished trading 5 cents higher at $5.05, with 2,000 stock units.