3 new highs for juniors as market gains
Only 3 securities ended with no bids to buy and 10 had no stocks being offered for sale, an indication of chronic supply shortage of junior market stocks. A total of 8 stocks closed with bids higher than the last traded prices and one closed with a lower offer.
In trading, Blue Power traded 100,000 shares and gained 10 cents in closing at $13.10, Caribbean Cream ended with 12,000 shares changing hands at $4.50 with a loss of 10 cents. Caribbean Flavours traded 155,000 units to end with a gain of 10 cents at $5 for a 52 weeks high, Caribbean Producers gained 22 cents and traded 136,000 units at $4.15 for a new 52 weeks’ high as investors continued to respond to good first quarter results, icinsider.com/wp-content/uploads/2015/11/JM-Trade-13-11-15.png”>22855″ />the stock closed without an offer, Consolidated Bakeries ended at $1.90, with 2,000 units changing hands. Dolphin Cove had 26,000 shares changing hands at a new 52 weeks’ high $14.28, for a rise of $1.43, General Accident Insurance traded only 14,000 units at $1.91, KLE Group ended with 12,000 units trading at 65 cents, Lasco Distributors closed with 43,628 shares changing hands, with a fall of 14 cents to $4.31 after trading as high as $4.45. Lasco Financial closed with a decline of 6 cents to $3.25 with a total of 78,563 shares changing hands after trading as high as $3.40, Lasco Manufacturing closed at $4 with 70,500 shares trading.
3 stocks up on TTSE 3 down
Trading picked up on the Trinidad and Tobago Stock Exchange on Friday and ended with 15 securities trading of which 3 stocks closed higher, 3 declined and 9 remained unchanged as 344,076 shares changed hands for a value of $6,934,138.At the close, the Composite Index ending with a gain of 1.20 points at 1,153.65 the All T&T Index rose 0.05 points to 1,951.79 and the Cross Listed Index gained 0.32 at 46.69.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than the last selling price and 2 stocks with offers that were lower.
Gains| National Commercial Bank closed with a gain of 4 cents with 22,336 units trading at $1.80, Republic Bank gained 1 cent to land at $112, with 50 shares changing hands and Trinidad and Tobago NGL closed with a gain of 1 cent at $21.50 with 227,168 shares changing hands for a value of $4,883,947.
Declines| Agostini’s traded 15,000 shares at $18.10 after dropping 9 cents, Massy Holdings had 3,240 units changing hands at $61.99 after slipping 1 cent to end at a 52 weeks’ low and Trinidad Cement ended at a $4.01 with 500 shares changing hands as the price fell 1 cent.
Firm Trades| > Clico Investment Fund closed with 9,655 shares changing hands at $22.53, valued $217,527, First Citizens Bank traded 1,619 shares and closed at $35, FirstCaribbean International Bank traded 400 shares and closed at $5, Grace Kennedy traded 850 units at $3.60, Guardian Holdings with 2,900 shares changing hands and closed at $12.90. National Flour Mills traded 3,892 shares at $1.99, Point Lisas ended with 37,974 units changing hands at $3.95, Prestige Holdings traded 1,906 shares at $1.96 and Scotiabank closed with 16,586 shares valued at $1,036,625 changing hands at $62.50.
The JSE indices up in morning session
The Jamaica stock market is off to a relatively brisk start on Friday morning with the All Jamaican Composite index gaining 713.67 points to 154,298.93 point, the JSE Market Index gained 638.59 points to 139,002.05 the JSE combined index climbed 582.06 points to be at 145,644.14 and the junior market index eased by 2.34 points to its highest level of 1,613.23.
The number of securities trading remains around 30 mark in early trading with 30 securities changing hands with a volume of 5,998,014 units as 9 stocks gained and 9 declined after 75 minutes of trading. Cable and Wireless, the stock traded 4,151,780 units up to $1.50 but last traded at $1.45.
6 stocks rise 3 down on TTSE
At the close, the Composite Index ending with a gain of 3.41 points at 1,152.45, the All T&T Index rose 1.14 points to 1,951.74 and the Cross Listed Index rose 0.78 to 46.37 points.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than the last selling price and 5 stocks with offers that were lower.
Gains| Guardian Holdings gained 9 cents with 20,539 shares changing hands with a value of $264,903 and closed at $12.90, JMMB Group with 89,500 units changing hands and ended 3 cents higher at 53 cents. National Commercial Bank gained 9 cents while trading 2,584 shares at $1.76. Sagicor Financial Corporation closed with 16,500 shares changing hands at $5.78 with a gain of 3 cents. Trinidad Cement rose 13 cents to end at a 52 weeks’ closing high, of $4.02 with 872,000 shares changing hands, valued at $3,483,941 and West Indian Tobacco traded with a gain of 1 cent to end at $126.04 with 504 shares trading at a 52 weeks’ high.
Declines| ANSA McAL contributed 760 shares in trading, to close at $67.01, after falling 2 cents, Clico Investment Fund fell 1 cent with 53,440 shares changing hands valued at $1,204,279 and closed at $22.53 and Trinidad and Tobago NGL closed with a 1 cent decline to $21.49 with 35,227 shares changing hands for a value of $757,036.
Firm Trades|First Citizens Bank traded 440 shares and closed at $35, FirstCaribbean International Bank traded 1,108 shares and closed at $5, Grace Kennedy traded 312 units at $3.60, National Enterprises with 91 shares changing hands at $16.50. One Caribbean Media traded 450 shares at $22, Scotia Investments closed with 1,500 shares changing hands at $1.65, Scotiabank closed with 410 shares changing hands at $62.50 and Unilever Caribbean ended with 2,081 shares trading at $67.54.
Jamaican $ mostly rose on Thursday
Inflows of foreign currencies into the system on Thursday fell to only US$1.7 million less than the amount sold with the local dollar selling rate gaining value against all the US dollar and the Pound but slipping versus the Canadian currency.
At the close of trading, the equivalent of US$31,897,394 was bought by dealers, compared with US$23,243,562 on Wednesday, while they sold the equivalent of US$33,529,329 versus US$31,032,571 previously. In US dollar trading , dealers bought US$29,365,994 compared to US$20,431,186 on Wednesday. The buying rate for the US dollar rose 20 cents to $119.24 and US$31,266,946 was sold versus US$29,085,477 on Wednesday, the selling rate fell 2 cents to $119.80. The Canadian dollar buying rate fell 27 cents to $87.05 with dealers buying C$890,248 and selling C$1,178,515, at an average rate that rose 5 cents to $89.85. The rate for buying the British Pound declined $1.38 to $178.07 for the purchase of £927,735, while £544,119 was sold, at an average rate that fell $1.91 to $180.32. At the end of trading, it took J$128.55 to purchase the Euro, a rise of 45 cents from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$125.79 for a rise of 14 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$496,023 being bought, while US$559,431 was sold.
Highs & Lows| On Thursday, the highest buying rate for the US dollar climbed 15 cents to $120.15, the lowest buying rate gained 15 cents to end at $98.53, the highest selling rate remained unchanged at $126.26 and lowest selling rate dropped $18.47 to end at $98.53. The highest buying rate for the Canadian dollar fell $2.88 to $89.50, the lowest buying rate closed unchanged at $72.21, the highest selling rate remained at $93.09 and the lowest selling rate jumped $5.50 to $86. The highest buying rate for the British Pound, rose 10 cents to end at $181.60. The lowest buying rate gained 41 cents to $145.25, the highest selling rate increased $1.79 to $187.25 and the lowest selling rate gained $1 to $175.
Profit results help rally Jamaican stocks
The Jamaica stock market made further gains on Thursday as investors continue to respond positively to the release of company results. The market closed with activity in 41 securities, leading to 16,060,816 units valued at $115,028,197 changing hands, in all market segments. A total of 14 securities rose and 11 declined with 5 stocks ending at 52 weeks’ closing high and 1 at intraday high.
The JSE Market Index rose 466.62 points to 138,363.46, the all Jamaica Composite Index gained 521.47 points to end at 153,585.26 and the JSE combined index increased by 704.78 points to end at 145,062.08.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 11 stocks with bids higher than their last selling prices and none with lower offers.
In trading, Berger Paints closed at $3.80 with 36,600 shares trading, Cable and Wireless lost 5 cents, with 1,954,862 shares changing hands to close at $1.45. On offer were 4,120,449 shares at $1.50 with bid in at $1.45 to buy just 1,972 units. Caribbean Cement fell 20 cents to end at $17.80 with 339,495 shares changing hands. Carreras dropped 1 cent to end at $55.50 with 45,965 units trading, Gleaner traded 58,700 units at $1.90, Grace Kennedy closed at $74.97 after shedding by 3 cents with 162,604 shares changing hands, Jamaica Broilers traded 516,635 shares to close at $9.25. Jamaica Producers traded 20,776 shares as the price dropped $4 to end at $25, Jamaica Stock Exchange traded 10,500 shares at $14, JMMB Group closed 26,000 shares trading at $11. Mayberry Investments closed with 675,799 units trading at $4.39 with a loss of 1 cent, National Commercial Bank close with 357,912 shares changing hands to end with a rise of 50 cents at $34.50, Pan Jamaican rose 5 cents in trading 70,486 shares to end at $88.10. Pulse Investments traded 44,369 shares with a rise of 22 cents for new 52 weeks’ closing high of $1.72, Radio Jamaica closed 10 cents higher with 117,214 units at $5, Sagicor Group traded at $16.26 with 541,857 shares changing hands and lost 25 cents. Scotia Group ended with 196,030 shares changing hands and closed with a gain of 85 cents at $27.75, Supreme Ventures ended with 8,006,732 shares changing hands at $4.70 and Proven Investments ordinary share rose 1.2 US cents and ended at 23 US cents with 65,812 units changing hands.
Jam$ fell on Wednesday
Inflows of foreign currencies into the system on Wednesday fell to US$8 million less than the amount sold with the local dollar selling rate losing value against all three main counterpart currencies. At the close of trading, the equivalent of US$23,243,562 was bought by dealers, compared with US$40,302,311 on Tuesday, while they sold the equivalent of US$31,032,571 versus US$44,817,449 previously.
In US dollar trading , dealers bought US$20,431,186 compared to US$36,133,874 on Tuesday. The buying rate for the US dollar fell 26 cents to $119.04 and US$29,085,477 was sold versus US$43,506,926 on Tuesday, the selling rate rose 2 cents to $119.82. The Canadian dollar buying rate fell 30 cents to $87.32 with dealers buying C$910,612 and selling C$644,536, at an average rate that rose $1.08 to $89.80. The rate for buying the British Pound gained $1.73 to $179.45 for the purchase of £1,267,917, while £803,437 was sold, at an average rate that grew $3.43 to $182.23. At the end of trading, it took J$128.11 to purchase the Euro, a fall of 62 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$125.66 for a decline of 45 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$232,995 being bought, while US$242,148 was sold.
Highs & Lows| On Wednesday, the highest buying rate for the US dollar fell 10 cents to $120 and the lowest buying and the highest selling rates remained unchanged at $98.45 and $126.26 and lowest selling rate jumped $16.70 to end at $117. The highest buying rate for the Canadian dollar rose $1.88 to $92.38, the lowest buying rate closed 41 cents higher at $72.21, the highest selling rate gained 21 cents to end at $93.09 and the lowest selling rate declined $3 to $80.50. The highest buying rate for the British Pound, rose $1 to end at $181.50. The lowest buying rate rose 42 cents to $144.84, the highest selling rate eased $1.04 to $185.46 and the lowest selling rate fell 30 cents to $174.