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2 rise 3 fall on TTSE –Friday

April 6, 2018 by IC Insider.com

Trinidad & Tobago Stock Exchange Head Quarters

Only 2 stocks advanced, 3 declining and 7 remaining unchanged in market activity on the Trinidad & Tobago Stock Exchange Friday, as 12 securities traded against 14 on Thursday.
Trading volume remained low, resulting in more volume trading with 342,317 shares valued at $5,336,268 changing hands, compared to 293,550 shares valued at $2,488,584 on Thursday.
At close, the Composite Index lost 3.49 points on Friday to 1,260.41, the All T&T Index fell 0.11 points to 1,700.40, while the Cross Listed Index declined 0.98 points to close at 110.65.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with only 1 stock ended with the bid lower than their last selling price and 5 with lower offers.
Gains| Scotiabank gained 9 cents and ended at $62.65, after exchanging 173 shares and Trinidad & Tobago NGL finished trading with a rise of 46 cents and closed at $27.71, after 12,092 shares changed hands.
Losses| Clico Investments closed with a loss of 1 cent at $20.15, with 6,327 units, NCB Financial Group fell 15 cents and completed trading at $6.25, after exchanging 10,500 shares and One Caribbean Media lost 4 cents and settled at $12.44, with 1,900 stock units changing hands.
Firm Trades| First Citizens completed trading at $32.70, after exchanging 4,561 shares, Grace Kennedy closed at $3.15, with 5,910 units trading, Guardian Holdings ended at $16, exchanging 10,587 shares, Massy Holdings settled at $47, with 55,329 stock units changing hands, National Enterprises concluded market activity at $9.75, with 1,118 units, Prestige Holdings ended at $10.01, after trading 400 shares and Sagicor Financial concluded trading at $7.80, with 233,420 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

New closing high for JSE on Thursday

April 5, 2018 by IC Insider.com

The Jamaica Stock Exchange main market recovered from losses on Wednesday to end at a new closing record high on Thursday, with the market indices rising more than 1,000 points.
At the end of trading, the JSE All Jamaican Composite Index climbed 1,135.75 points to record close of 325,323.92 and the JSE Index rose 1,034.80 points to record closing high of 296,406.87.
At the close with only 29 securities traded versus 25 on Wednesday. Trading resulted in the prices of 9 stocks rising, 12 falling and 8 trading firm, in the main and US dollar markets.
Securities closing with sizable price changes include, NCB Financial Group trading down $2.15 to $97.10,

Grace traded nearly 7.8 million shares on Thursday.

Palace Amusement dropped $200 to $900, Sagicor Group lost $2 to $37 and Scotia Group finished with a rise of $2.50 to $53.50.
Main market activity ended with 11,332,892 units valued at over $423,780,603 compared to 2,346,923 units valued at $42,062,008 changing hands on Wednesday. Grace Kennedy trade 7,778,385 units valued at $$380 million, accounting for 68.64 percent of the overall market volume. Carreras with 1,133,057 units and 10 percent of total volume traded and Victoria Mutual Investments closed with 657,398 units changing hands.
Trading resulted in an average of 419,737 shares valued at $15,695,578, for each security traded, compared to 97,788 shares valued at $1,752,584 on Wednesday. The average for the month to date is 1,510,327 shares with a value of $7,058,809 and previously 2,887,284 shares with a value of $2,486,402. In contrast, March closed with an average of 626,526 units with an average value at $20,492,207 for each security traded.
The US dollar market closed on Thursday with 11,628 units valued at US$2,565 as Margaritaville traded 237 units to gain 5 US cents to 25 US cents and Proven Investments traded 11,391 units closing with a gain of 2 US cents to end at 22 US cents and pushing the market index up by 11.85 points to close at 173.30.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 2 with a lower offers.
For more details of market activities see – Grace Kennedy top traded stock on JSE

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Stock Exchange, Jamaican stocks, Margaritaville, NCB Financial, Palace Amusement, Proven Investments, Scotia Group, Trading Activity, Victoria Mutual Investments

Grace Kennedy top traded JSE stock

April 5, 2018 by IC Insider.com

Grace Kennedy traded 7.8 million shares for $380 million accounting for 69 percent of the overall market volume of 11,332,892 units for $423,780,603 on the main market of the Jamaica Stock Exchange on Thursday.
The main market closed with 27 securities changed hands, with 7 rising, 12 falling and 8 trading firm leading to the JSE All Jamaican Composite Index climbing 1,135.75 points to a record close of 325,323.92. The JSE Index rose 1,034.80 points to a record closing high of 296,406.87.
In market activity, Barita Investments closed with a loss of 50 cents at $9, with 42,553 shares, Berger Paints ended 1 cent higher at $17.11, with 20,000 stock units, Cable & Wireless concluded trading at $1.20, with 52,210 units as trading winds down with the shares scheduled for delisting on April 11. Carreras finished with a loss of 10 cents at $10.80, with 1,133,057 shares, Caribbean Cement settled with a loss of 50 cents at $38, with 9,810 shares. Grace Kennedy traded 50 cents higher at $49, with 7,778,385 stock units, Jamaica Broilers finished trading at $20.50, with 4,320 units, Jamaica Producers closed with a loss of 15 cents at $15.50, with 22,722 shares, shares of Jamaica Stock Exchange ended 2 cents higher at $6.97, with 64,250 shares. JMMB Group concluded trading at $26.50, with 223,718 shares, Kingston Properties finished 24 cents higher at $6.64, with 13,000 stock units, Kingston Wharves settled at $40, with 4,077 units, Mayberry Investments ended trading with a loss of 5 cents at $6, with 41,007 shares. NCB Financial Group traded with a loss of $2.15 at $97.10, with 73,521 shares, Palace Amusement dropped $200 to $900, with 200 stock units, PanJam Investment ended at $43, with 48,145 units, Pulse Investments finished with a loss of 9 cents at $1.70, with 45,700 shares. Radio Jamaica settled 1 cent higher at $1.05, with 92,144 shares, Sagicor Group ended trading with a loss of $2 at $37, with 32,881 stock units, Sagicor Real Estate Fund ended trading at $15.30, with 1,000 shares. Scotia Group finished trading $2.50 higher at $53.50, with 19,086 shares, Seprod closed 20 cents higher at $34.20, with 6,422 shares. Supreme Ventures concluded trading at $11.90, with 148,640 stock units, Victoria Mutual Investments finished with a loss of 39 cents at $4.01, with 657,398 units, Wisynco Group settled with a loss of 3 cents at $10.36, with 389,901 shares and In the main market preference segment, JMMB Group 7.5% closed at $1, with 8,500 shares, Proven Investments 8.25% settled with a loss of 75 cents at $5.15, with 400,245 units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “New closing high for JSE on Thursday.”

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, 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$ makes more gains – Thursday

April 5, 2018 by IC Insider.com

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The Jamaican dollar made further gains in the foreign exchange trading on Thursday against the US dollar, with the selling rate falling by 15 cents and the buying rate declining 16 cents.
The market closed with inflows of all currencies, ending at US$39.41 million, versus US$48.18 million on Wednesday and dealers sold US$40.18 million in contrast to US$47.92 million, previously.
In US dollar trading, dealers sold US$36.4 million at a rate of J$125.41 at the close, compared to US$44.87 million at a rate of J$125.56 on Wednesday. Purchases of the US currency by dealers, amounted to US$35.31 million at an average rate of $124.14, compared to US$43.69 million at an average rate of $124.30 on Wednesday.
At mid-day on Thursday dealers purchased US$11.12 million at an average rate of J$124.68 and sold US$10.58 million at an average of J$125.31. At mid-day on Wednesday dealers purchased US$14.8 million at an average rate of J$124.68 and sold US$12.06 million at an average of J$125.35.
The selling rate on Thursday, for the Canadian dollar rose to J$98.11 from J$97.79 at the close on Wednesday, the selling rate for the British Pound increased to J$176.37 from J$176.06 previously and the eurodropped against the Jamaican dollar to J$154.62 to buy the European common currency, versus the prior selling rate of J$156.59.

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

4 stocks rise on TTSE 2 fall – Thursday

April 5, 2018 by IC Insider.com

Market activity on the Trinidad & Tobago Stock Exchange ended Thursday, with 14 securities trading, against 15 on Wednesday, with 4 stocks advancing, 2 declining and 8 remaining unchanged.
Trading volume remained low, resulting in 293,550 shares valued at $2,488,584 changing hands, compared to 186,626 shares valued at $3,719,226 on Wednesday.
At close, the Composite Index gained 0.84 points on Thursday to 1,263.90, the All T&T Index rose 1.95 points to 1,700.29, while the Cross Listed Index shed 0.04 points to close at 111.63.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 1 stock with the bid lower than the last selling price and 5 with lower offers.
Gains| Clico Investments closed with an increase of 1 cent and completed trading at $20.16, with 24,533 units, First Citizens finished 19 cents higher and concluded at a 52 weeks’ high of $32.70, after exchanging 2,000 shares, JMMB Group rose 1 cent and ended at $1.86, with 39,000 stock units changing hands and Sagicor Financial added 4 cents and completed trading at $7.80, with 47,615 units.
Losses| Ansa McAl shares fell 5 cents and completed trading at a 52 weeks’ low of $59.95, with 19 units changing hands and First Caribbean International Bank closed with a loss of 15 cents at $9.35, after exchanging 59,150 shares.
Firm Trades| Grace Kennedy ended trading at $3.15, with 99,926 units, Massy Holdings ended at $47, with 250 stock units changing hands, National Flour settled at $1.68, after exchanging 1,824 shares, Republic Financial Holdings ended at $101.58, with 600 stock units changing hands, Scotiabank settled at $62.56, after exchanging 3,480 shares. Trinidad & Tobago NGL concluded trading at $27.25, after exchanging 11,138 shares, Trinidad Cement ended at $2.60, with 4,000 stock units changing hands and West Indian Tobacco settled at $88.55, after exchanging just 15 shares.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Mcal, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, JMMB Group, Massy Holdings, National Flour Mills, NCB, NCB Financial Group, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, West Indian Tobacco

Fewer Junior Market companies trade – Thursday

April 5, 2018 by IC Insider.com

The Junior Market slipped 8.33 points to close at 2,958.45 on Thursday as declining stocks beat advancing almost by a 2 to 1 ratio as the number of companies trading fell from Wednesday’s level.
At the close of market activities, 17 securities changed hands, the prices of 5 advanced, 9 declined and 3 remained unchanged, compared 21 securities changing hands on Wednesday.
Trading ended with an exchange of 2,627,003 units valued at $9,951,186 compared with 1,622,159 units valued at $6,560,444.
Market activity ended with an average of 154,530 units for an average of $585,364 compared to an average of 77,246 units for an average of $312,402 on Wednesday. The average volume and value for the month to date, amounts to 246,012 units at $1,064,766 compared to 283,041 units at $1,258,810 on the prior trading day. March closed with an average of 149,999 units valued at $623,819, for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 5 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 15 cents at $2, trading 449,644 shares, Caribbean Flavours traded 4 cents higher at $11, with 8,288 stock units, Caribbean Producers finished trading at $5, with a mere 203 units, Consolidated Bakeries closed with a loss of 2 cents at $2, with 23,902 shares, Elite Diagnostic settled 1 cent higher at $3.31, with 238,216 units. Eppley ended trading 13,000 shares and rose 10 cents to $9.60, Express Catering lost 10 cents at $5.25, with 291,235 shares trading, General Accident closed with a loss of 5 cents at $2.95, exchanging 22,000 stock units, GWest Corporation ended with a loss of 1 cent at $3.09, exchanging 35,475 units. Honey Bun concluded trading after falling 5 cents to $4.65, with 6,000 shares, Jamaican Teas ended trading at $5.30, with 25,000 stock units, Jetcon Corporation traded 10 cents higher at $4.15, with 81,862 units, Key Insurance finished trading with a loss of 65 cents at $4, after 501,651 shares changed hands. Lasco Distributors lost 5 cents to end at $4, with 853,641 stock units, Lasco Financial finished 70 cents higher at $5.70, with 24,256 units, Lasco Manufacturing settled with a loss of 1 cent at $3.99, with 52,230 shares and Medical Disposables traded at $5, with just 400 shares changing hands.
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: AMG Packaging, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Elite Diagnostics, Emerging markets, Eppley, Express Catering, GWest, Honey Bun, Jamaica Stock Exchange, Jamaican Stock, Jamaican Teas, Jetcon Corporation, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Paramount Trading, Trading Activity

Light trading on JSE main market – Wednesday

April 4, 2018 by IC Insider.com

Jamaica Stock Exchange main market stocks had a light on Wednesday with trading of just 2,989,332 units, valued at a mere $34,924,721 as 24 securities changed hands, with 12 rising, 7 falling and 6 trading firm.
The main market closed with the JSE All Jamaican Composite Index falling by 421.16 points to 324,188.17 and the JSE Index declined 383.73 points to 295,372.07.
In market activity, Berger Paints jumped 60 cents to end at $17.10, with 10,199 stock units trading, Carreras finished 20 cents higher at $10.90, with 298,389 shares, Caribbean Cement climbed $2.50 to $38.50, with 3,401 shares, Grace Kennedy traded with a loss of 50 cents at $48.50, with 62,851 stock units, Jamaica Broilers finished trading at $20.50, with 15,756 units. Jamaica Producers closed 53 cents higher at $15.65, with 53,028 shares, Jamaica Stock Exchange ended at $6.95, with 36,598 shares changing hands, JMMB Group concluded trading at $26.50 after rising 90 cents, with 14,840 shares, Kingston Wharves settled at $40, with 3,626 units. Mayberry Investments ended trading with a loss of 37 cents at $6.05, with 54,300 shares, NCB Financial Group traded with a rise of $1.76 to end at $99.25, after exchanging 148,413 shares, Palace Amusement closed at $1,100, with 286 stock units, PanJam Investment ended 35 cents higher at $43, with 31,067 units. Radio Jamaica settled with a loss of 5 cents at $1.04, with 138,578 shares, Sagicor Group climbed $2.85 to $39, with 23,975 stock units, Sagicor Real Estate Fund ended trading with a loss of 19 cents at $15.30, with 180,332 shares changing hands, Scotia Group finished trading with a loss of $2.99 to $51, with 104,447 shares, Seprod closed after rising $1 to $34, with 6,118 shares. Supreme Ventures concluded trading and gained 20 cents to end at $11.90, with 98,103 stock units, Victoria Mutual Investments finished with 771,188 units trading and rose 35 cents to $4.40, Wisynco Group settled with a loss of 11 cents at $10.39, with 286,528 shares. In the main market preference segment, JMMB Group 7.5% closed with a loss of 2 cents at $1, with 250 shares, Proven Investments ended trading 1 cent higher at $5.90, with 200 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE majors’ late pull back on Wednesday.”

JSE majors’ late pull back on Wednesday

April 4, 2018 by IC Insider.com

The Jamaica Stock Exchange main market enjoyed gains for most of the trading session on Wednesday, but pulled back later in the day, to record losses at the close with only 25 securities traded versus 29 on Tuesday.
At the end of trading, the JSE All Jamaican Composite Index shed 421.16 points to 324,188.17 and the JSE Index declined by 383.73 points to 295,372.07.
Trading resulted in the prices of 12 stocks rising, 7 falling and 6 trading firm, in the main and US dollar markets.
Securities closing with sizable price changes include, Caribbean Cement with a rise of $2.50 to $38.50, JMMB Group rising 90 cents to $26.50, NCB Financial Group trading $1.76 to $99.25, Sagicor Group jumped $2.85 higher to $39, Scotia Group finished with a loss of $2.99 to $51 and Seprod closing $1 higher at $34.
Main market activity ended with 2,346,923 units valued at $42,062,008 changing hands compared to 2,989,332 units valued at $34,924,721 on Tuesday. Victoria Mutual Investments with 771,188 units that accounted or 32.86 percent of the overall market volume and Carreras with 298,389 units and 12.7 percent of total volume traded.
Trading resulted in an average of 97,788 shares valued at $1,752,584, for each security traded, compared to 110,716 shares valued at $1,293,508 on Tuesday. The average for the month to date is 2,887,284 shares with a value of $2,486,402. In contrast, March closed with an average of 626,526 units with an average value at $20,492,207 for each security traded.
The US dollar market closed on Wednesday with 510,900 units valued at over $102,180 as Proven Investments was the only stock trading in the sector, closing unchanged at 20 US cents and leaving the market index unchanged at 161.45 points.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 2 with a lower offers.
For more details of market activities see – Light trading on JSE main market – Wednesday

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Caribbean Cement, Carreras, Daily Trading, Emerging markets, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, NCB Financial, Proven Investments, Scotia Group, Seprod, Trading Activity, Victoria Mutual Investments

Gain for Jamaican$ slows- Wednesday

April 4, 2018 by IC Insider.com

The rate of exchange between the Jamaican$ & the US$. The rate has fallen below the 120 moving average again.

The Jamaican dollar made further gains in the foreign exchange trading on Wednesday but at a slower pace than for the past two trading days. The selling rate fell by just 5 cents on Tuesday but the buying rate rose 15 cents.
The market closed with inflows of all currencies, ending at US$48.18 million, versus US$54.67 million on Tuesday, but dealers sold US$47.92 million in contrast to US$59.04 million, previously.
In US dollar trading, dealers sold US$44.87 million at a rate of J$125.56 at the close, compared to US$50.99 million at a rate of J$125.61 on Tuesday. Purchases of the US currency by dealers, amounted to US$43.69 million at an average rate of $124.30, compared to US$47.67 million at an average of $124.15 on Tuesday.
At mid-day on Wednesday dealers purchased US$14.8 million at an average rate of J$124.68 and sold US$12.06 million at an average of J$125.35. At mid-day on Tuesday dealers purchased US$20.42 million at an average rate of J$124.99 and sold US$20.31 million at an average of J$125.70.
The selling rate on Wednesday, for the Canadian dollar fell to J$97.79 from J$98.02 at the close on Tuesday, the selling rate for the British Pound increased to J$176.06 from J$174.94 previously and the euroslipped against the Jamaican dollar to J$156.59 to buy the European common currency, versus the prior selling rate of J$157.59.

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

Gains for Junior Market on Wednesday

April 4, 2018 by IC Insider.com

The Junior Market gained 10.84 points to close at 2,966.78 on Wednesday, as advancing stocks were just edged out by declining ones.
At the close of market activities, 21 securities changed hands, the prices of 6 advanced, 5 declined and 10 remained unchanged, compared 25 securities changing hands on Tuesday.
Trading ended with an exchange of 1,622,159 units valued at $6,560,444, compared with 10,265,565 units valued at $46,309,587.
Market activity ended with an average of 77,246 units for an average of $312,402 compared to an average of 488,836 units for an average of $2,205,218 on Tuesday. The average volume and value for the month to date, amounts to 283,041 units at $1,258,810. March closed with an average of 149,999 units valued at $623,819, for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 6 stocks ending with the bid higher than the last selling price and 4 with lower offers.
At the close of the market, AMG Packaging ended 15 cents higher at $2.15, with 250,166 stock units traded, Cargo Handlers rose by 3 cents to $10.03, with 670 shares, Caribbean Cream ended trading at $6, with 1,000 shares, Caribbean Producers finished trading at $5, with 1,850 units changing hands, Elite Diagnostic settled 5 cents higher at $3.30, with 77,645 units. Express Catering traded 5 cents higher at $5.35, with 20,586 shares, FosRich Group finished trading at $2.50, with 9,733 shares, GWest Corporation ended with a loss of 10 cents at $3.10, with 12,000 units, Honey Bun concluded trading with a rise of 5 cents to $4.70, with 650 shares. ISP Finance settled at $15, with 2,000 shares, Jamaican Teas ended trading 52 cents higher at $5.30, with 100,000 stock units, Jetcon Corporation traded at $4.05, with 15,000 units, Key Insurance finished trading at $4.65, with 892 shares. Knutsford Express ended with a loss of 40 cents at $14, trading 1,567 shares, Lasco Distributors concluded trading at $4.05, with 793,017 stock units, Lasco Financial finished at $5, with 255,508 units, Lasco Manufacturing settled with a loss of 12 cents at $4, with 6,550 shares. Medical Disposables traded at $5, with 5,917 shares, Paramount Trading finished trading with a loss of 1 cent at $3.08, with 13,960 stock units, Stationery and Office closed with a loss of 2 cents at $5.50, with 9,158 units and tTech concluded trading at $5.97, with 44,290 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.