The selling rate of US dollar rose against the Jamaican dollar by 51 cents on Friday, with the rate dealers bought US dollar for 16 cents more than the closing rate at the close of the previous trading day.
On Friday, inflows of all currencies, totaled US$36.25 million, versus US$27.16 million on Thursday with the selling of US$42.96 million in contrast to US$35.35 million previously.
In US dollar trading, dealers sold US$40.82 million at J$128.40 each, at the close, compared to US$34.20 million at an average of J$127.99 on Thursday. Purchases of the US currency by dealers, amounted to US$34.14 million at an average of $126.47 at the close, compared US$25.25 million at an average of $126.31.
The selling rate on Friday, for the Canadian dollar dropped to J$96.87 from J$99.41 at the close on Thursday, the selling rate for the British Pound rose to J$176.89 from J$175.27 previously and the euro gained against the Jamaican dollar at J$156.35 to buy the European common currency, versus the prior selling rate of J$154.30.
Archives for March 2018
Jamaican$ lost value on Friday
Jamaican$ gains value on Thursday
The selling rate of US dollar declined against the Jamaican dollar by 16 cents on Thursday, with the rate dealers bought US dollar for 17 cents more than the closing rate at the close of the previous trading day.
On Thursday, Inflows of all currencies, totaled US$27.16 million, versus US$53.61 million on Wednesday with the selling of US$35.35 million in contrast to US$47.22 million previously.
In US dollar trading, dealers sold US$34.2 at J$127.99 at the close, compared to US$45.20 million at an average of J$128.15 on Wednesday. Purchases of the US currency by dealers, amounted to US$25.25 million at an average of $126.31 at the close, compared US$46.63 million at an average of J$126.14.
The selling rate on Thursday, for the Canadian dollar dipped to J$99.41 from J$101.52 at the close on Wednesday, the selling rate for the British Pound declined to J$175.27 from J$177.28 previously and the euro fell in value against the Jamaican dollar at J$154.30 to buy the European common currency, versus the prior selling rate of J$156.24.
Trading down on TTSE – Thursday
Market activity on the Trinidad & Tobago Stock Exchange sank sharply on Thursday with just 8 securities trading down from 14 on Wednesday. The market closed with 218,720 shares valued at $2,790,805 trading, compared to 374,321 shares valued at $3,174,202 on Wednesday.
The market closed with the prices of 2 stocks rising, 1 declining and 5 remaining unchanged. At close, the Composite Index lost 0.09 points to 1,268.73, the All T&T Index closed without change at 1,700.23, while the Cross Listed Index shed 0.03 points to close at 112.97.
IC bid-offer Indicator|At the end of trading, on Wednesday, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids lower than their last selling prices and 5 with lower offers.
Gains| Clico Investments closed with an increase of 15 cents to $19.90, trading 105,225 units and JMMB Group rose 4 cents and completed trading at $1.95, with 50,000 stock units changing hands.
Losses| NCB Financial Group was the sole loser for the day ended with a loss of 3 cents to close at $6.50, trading 22,866 shares.
Firm Traded| First Caribbean International Bank closed at $9.30, trading 35,824 shares, First Citizens ended at $32.11, trading 2,050 shares, Sagicor Financial settled at $7.82, with 1,132 units, Scotiabank concluded at $61.90, trading 20 shares and Trinidad & Tobago NGL ended at $27.11, trading 1,603 shares.
Prices of securities trading for the day are those at which the last trade took place.