The JSE All Jamaican Composite Index sank 3,468.82 points to close at 313,564.81 on Thursday and the JSE Index dived by 3,160.49 points to close at 285,693.01 as just 3,755,947 units valued at $24,471,583 changed hands, with the prices of 8 stocks falling.
The market is in a tussle as it tries break clear of the resistance zone, resulting in the market moving up and down as investors fight to trade stocks at the best price they can. The bulls clearly have the upper hand supported by fundamentals and technical support.
In the main activity, Barita Investments finished trading at $8, with 6,852 units, Berger Paints settled $1 higher at $16, with 72,420 shares, Cable & Wireless ended trading with a loss of 8 cents at 97 cents, with 531,733 shares, Caribbean Cement ended 99 cents higher at $33, with 4,350 stock units. Carreras ended trading with a loss of 9 cents at $11.41, with 243,091 units, Ciboney Group closed 2 cents higher at 22 cents, with 1,594,730 shares traded, Grace Kennedy traded at $43, with 6,370 shares, Jamaica Broilers rose 43 cents to $18.99, with 10,730 stock units. Jamaica Producers finished trading with a loss of 40 cents at $15.55, with 12,800 units, Jamaica Stock Exchange finished at $7, with 36,100 shares, JMMB Group closed with a loss of 50 cents at $26.50, in trading 45,350 shares, Kingston Wharves ended at $33, with 5,284 units. Mayberry Investments finished 75 cents higher at $5.80, with 45,017 shares, NCB Financial Group finished trading with a loss of 50 cents at $103.50, with 66,396 shares, 1834 Investments finished with a loss of 11 cents at $1.30, with 21,848 stock units, PanJam Investment traded with a loss of 40 cents at $41.60, with 43,458 units, Pulse Investments settled with a loss of 5 cents at $1.75, while trading 41,073 shares. Radio Jamaica finished trading 3 cents higher at $1.13, with 62,694 stock units, Sagicor Group ended trading with a loss of $2 at $36, with 87,792 units, Sagicor Real Estate Fund finished at $15, with 7,620 shares, Scotia Group ended at $52, with 28,752 stock units and Supreme Ventures settled 30 cents higher at $11.80, exchanging 204,713 stock units. In the main market preference segment, JMMB Group 7.5% ended with a loss of 5 cents at $1.90, with 576,774 stock units.
Prices of securities trading for the day are those at which the last trade took place.
Jamaican$ value slips – Wednesday
The rate of exchange to buy the US dollar by the public rose on Wednesday to $126.74 as dealers sold US$47.67 million of the US dollar, compared to US$48.09 million at an average rate of $126.64 on Tuesday.
US currency purchases amounted to US$44.36 million on Wednesday, at an average rate of $125.89 compared to Tuesday with US$59.23 million at $126.15.
Dealers’ purchases dipped to US$55.58 million, versus US$74.79 million on Wednesday in all currencies in Jamaica’s forex market and sold US$58.02 million compared with US$61.65 million of all currencies sold previously.
The selling rate for the Canadian dollar declined to J$99.90 from J$100.20 at the close on Tuesday. The selling rate for the British Pound jumped to J$167.18 versus J$165.09 on Tuesday and the euro surged in value against the Jamaican dollar, to J$150.01 to buy the European common currency, versus J$147.39 previously.
4 TTSE stocks fell 1 gained – Wednesday
Trading volume picked up on the Trinidad & Tobago Stock Exchange on Wednesday with the market exchanging 11 securities compared to just 9 on Tuesday.
At the close, 1 stock advanced, 4 declined and 6 were unchanged as 239,293 shares traded at a value of $1,003,289 compared to Tuesday’s trades of 52,590 valued at $1,117,150.
The Composite Index advanced 5.92 points to 1,295.18, the All T&T Index remained unperturbed at 1,752.55 and the Cross Listed Index rose 1.62 points, closing at 112.99.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| The sole security advancing in price is Grace Kennedy with gains of 3 cents, as it closed at $3 trading 52,452 shares.
Losses| The last traded price of the securities declining and volume changing hands are, JMMB Group down 5 cents, in closing at $2.15 with 91,831 shares, L.J. Williams B share fell 1 cent, to settled at 77 cents exchanging 31,000 shares, Sagicor Financial closing at $7.96, losing 3 cents trading 13,691 shares and Trinidad Cement with a loss 5 cents, ending at $3.95 with 8,500 shares.
Firm Trades| At the close of trading, Clico Investment remained at unchanged $21 with 2,102 shares traded, First Citizens closed at $31.80 with 2,380 shares changing hands, First Caribbean International Bank last traded at $9 after hitting a high for the day of $9.25 to end the day trading 33,937 shares valued at $313,667. Massy Holdings last traded at $49.50 exchanging 490 units, National Enterprises traded 200 units at $9.75 and NCB Financial Group held firm at $6.50 with 2,710 shares.
Jamaican$ value remains steady – Tuesday
The rate of exchange to buy the US dollar by the public was unchanged on Tuesday at $126.64 as dealers sold US$48.09 million of the US dollar, compared to US$36.75 million at an average rate of $126.64 on Monday.
US currency purchases amounted to US$59.23 million on Tuesday, at an average rate of $126.15 compared to Monday with US$48.04 million at $125.77.
Dealers’ purchases climbed to US$74.79 million, versus US$53.77 million on Tuesday in all currencies in Jamaica’s forex market and sold US$61.65 million compared with US$41.69 million of all currencies sold previously.
The selling rate for the Canadian dollar inched lower to J$100.20 from J$100.21 at the close on Monday. The selling rate for the British Pound fell to J$165.09 versus J$166.02 on Monday and the euro decline in value against the Jamaican dollar, to J$147.39 to buy the European common currency, versus J$147.66 previously.