Trading rise for junior stocks – Thursday
The movement in the junior market index left the gain for the year to date at 34 percent.
The volume of stocks traded rose on Thursday by 114 percent from Wednesday’s level and ending with 2,955,623 units changing hands, valued at $13,246,216, up by 126 percent from $5,853,384 on Wednesday.
Market activities ended with 5 securities closing with bids higher than their last selling prices and just 1 ending with a lower offer.
An average of 227,356 units with an average value of $1,018,940 traded, compared to 81,289 units with an average value of $344,317 on the preceding day. The average for November is 109,679 units with an average value of $607,092
Eppley ordinary stock is yet to trade, after a split into 150 stock units for each one previously held.
In trading activity, AMG Packaging rose $2.45 to close with 210 units changing hands at $20.95, Caribbean Producers had 2,452 units changing hands to end at $3.20, Dolphin Cove traded 110 shares but lost 14 cents to end at $15.15, Honey Bun lost 18 cents with 1,042 shares changing hands to close at $5.83. Iron Rock Insurance ended with 94,109 units changing hands, at $3. Jamaican Teas traded 8,670 shares to close at $4.10, KLE Group traded 15,800 units at $1.50, Key Insurance rose by 5 cents in trading 3,000 shares and ended at $2.55. Lasco Distributors closed with 4,500 shares changing hands, at $6.65, after losing 15 cents, Lasco Financial gained 5 cents and ended with 1,000 shares changing hands at $3.15. Lasco Manufacturing fell 14 cents to end at $4.55 with 2,798,527 shares changing hands, Paramount Trading had 17,595 units changing hands to close at $3.70 and tTech ended with 8,628 shares changing hands at $5.50.
Final month of 2016 starts big for JSE
Stocks are off to a flying start to the final month of 2016 with the Jamaica Stock Exchange main market all Jamaican Composite Index rising by nearly 1,000 points but the junior market fell. With the exception of Lasco Manufacturing, trading was moderate.
The main trade after more than an hour of the market’s opening was Lasco Manufacturing trading 2,725,7698 shares at $4.55 to be the only stock to have had a meaningful volume traded.
A total of 21 securities traded of which 6 advanced and 9 fell, resulting in a volume of 2,917,036 shares changing hands carrying a value of a $16,055,511 compared with 2,741,520 shares changing hands with a value of $49,745,268 on Wednesday. The average number of shares traded, amount to 138,906 units versus 94,535 units on Wednesday.
At 10:50 am the all Jamaica Composite Index jumped 998.08 points to 196,260.84 the Jamaica Stock Exchange Market Index climbed 892.47 points to 179,554.20, the Jamaica Stock Exchange combined index gained 455.18 points to close at 191,098.21 and the junior market index dipped 36.25 points to end at 2,392.88.
Jamaican $ almost steady vs US – Wednesday
The Jamaican dollar declined three major currencies but remained firm versus the euro in the foreign exchange market. On Wednesday dealers bought the equivalent of US$39,189,951 of all currencies and sold US$34,123,507, compared to US$66,535,327 purchased and US$64,508,975 sold on Tuesday.
In US dollar trading, dealers bought US$34,730,432 compared to US$59,608,976 on Tuesday. The buying rate for the US dollar rose 10 cents to close at $128.30. A total of US$32,306,693 was sold versus US$60,637,044 on Tuesday, with the selling rate rising 3 cents, to $129.04. The Canadian dollar buying rate rose by 35 cents to $92.93, with dealers buying C$1,606,912 and selling C$693,816 at an average rate that gained 49 cents to $95.30. The average rate for buying the British Pound gained by 43 cents to $158.26 for the purchase of £2,308,776 while £845,426 was sold with a rise of $1.06 to end at $160.65.
At the end of trading on Wednesday, dealers sold €185,300 with the selling rate for the Euro, closing unchanged at $139.59, according to data from Bank of Jamaica. Dealers purchased €84,378 of the European common currency at $132.47 after falling $1.12. The US dollar equivalent of other currencies traded, amounts to US$360,636 being bought and selling of US$50,852.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Wednesday, include a decline of $1.10 in the highest buying rate for the US dollar and a rise of $15.96 in the lowest selling rate to end at $120. The highest buying rate for the Canadian dollar dropped $22.50 to $97.50 while there was a drop of $13.90 in the lowest selling rate to $91 and the highest buying rate for the Euro declined by $18.54 to $138.70.
Trading rises for junior stocks – Wednesday
The movement in the junior market index lifted the gain for the year to date at 36 percent.
The volume of stocks traded rose on Wednesday by 50 percent from Tuesday’s level and ending with 1,318,905 units changing hands, valued at $5,853,384, 12 percent from $5,225,495 on Tuesday.
Market activities ended with 5 securities closing with bids higher than their last selling prices and just 1 ending with a lower offer.
An average of 81,289 units with an average value of $344,317 traded, compared to 61,261 units with an average value of $348,366 on the preceding day. The average for the month to date is 109,679 units for an average of $607,092 compared to 111,031 units valued at $619,605 on Tuesday and 129,138 units with an average value of $709,705 for October.
Eppley ordinary stock is yet to trade, after a split into 150 stock units for each one previously held.
In trading activity, AMG Packaging rose $1 to close with 971 units changing hands at $18.50, CAC 2000 added 99 cents in trading 100 shares and to close at $5.10, Cargo Handlers ended with 59,932 units and regained 50 cents to close at $12.50, Caribbean Cream closed with 125,000 shares changing hands and lost 29 cents to end at $7.10. Caribbean Flavours fell 6 cents, in trading 5,500 units at $8.55, Caribbean Producers fell 25 cents in trading 65,801 units to end at $3.20, Consolidated Bakeries lost 7 cents in trading 9,902 shares to close at $2.23, General Accident fell 5 cents and closed trading with 74,300 units at $2.60. Honey Bun gained 51 cents with 11,654 shares changing hands to close at $6.01, Jetcon Corporation ended with 138,521 units changing hands, 23 cents higher at a 52 weeks’ closing high of $5.25, Key Insurance traded 15,000 shares and ended at $2.50. Lasco Distributors closed with 20,700 shares changing hands, at $6.80, Lasco Financial lost 10 cents and ended with 750,000 shares changing hands at $3.10. Lasco Manufacturing rose 14 cents to end at $4.69 with 12,211 shares changing hands, Medical Disposables lost 25 cents in trading 76,942, shares to close at $4.05, Paramount Trading gained 20 cents with 10,000 units changing hands to close at $3.70 and tTech ended with 5,372 shares changing hands at $5.50.
Trading jumps for Jamaican stocks
Stocks levels surged in early trading on the Jamaica Stock Exchange, resulting in the main market indices continuing to climb while junior market index moved up marginally in early Wednesday trading.
A total of 29 securities traded of which 13 advanced and 7 fell, resulting in a volume of 2,741,520 shares changing hands carrying a value of a $49,745,268 compared with just 158,064 shares changing hands with a value of $1,132,861 on Tuesday. The average number of shares traded, amount to 94,535 units versus 7,185 units on Tuesday.
At 10:45 am the all Jamaica Composite Index jumped 924.41 points to 195,809.85 the Jamaica Stock Exchange Market Index climbed 826.59 points to 179,150.93, the Jamaica Stock Exchange combined index gained 971.88 points to close at 191,141.50 and the junior market index gained 19.98 points to end at 2,433.49.
The main trades after more than an hour of the markets opening are Berger Paints with 105,236 units at $5.60, Ciboney with 140,000 shares at 17 cents, Jamaica Producers, 201,061 shares at $8.30, Jamaica Stock Exchange 48,338 units at $5.52, Scotia Group with 1,357,799 shares at $32, Proven Investments 373,700 shares at 18.55 US cents, Jetcon Corporation 112,207 shares at $5.25, Medical Disposables 76,942 units at $4.05.
Slight fall for JSE on Tuesday
The Jamaica Stock exchange main market indices temporarily broke the winning streak with minor declines on Tuesday with the All Jamaica Composite Index slipping 37.23 points to end at 194,885.44. The JSE Market Index lost 33.30 points to finish at a record closing high of 178,324.34.
The JSE combined index fell 59.59 points to end at 190,169.62 with a gain for the year to date of 20 percent. Trading ended with only 33 securities trading. The prices of 11 stocks gained while 7 declined in the overall market, including 3 stocks rising and 3 falling, in the junior market.
At the close with 1,218,248 units valued at $9,074,534 changed hands, compared to 4,243,795 units valued at $24,651,644 changing hands on Monday. The junior market accounted for 918,920 units changing hands, valued at $5,225,495 of the stocks traded.
The average trade for the day in the main market ended at 16,629 shares and 253,298 units month to date. On Monday, an average of 31,898 units traded and for the month to date, 489,966 units, in comparison the average for the October was 220,811 units.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 14 stocks with bids higher than their last selling prices and 5 with lower offers.
In market activity, Barita Investments had trading in 16,200 shares, to end at $5, Cable & Wireless rose by 3 cents in trading 38,352 units to close at 74 cents, Grace Kennedy dropped $2 and ended trading 45,489 units at $40. Jamaica Broilers closed at $14.90 with 4,634 shares changing hands, Jamaica Producers traded 8,363 shares to end at $8.30, Jamaica Stock Exchange traded 106,532 shares and rose 1 cent to end at $5.52, Mayberry Investments traded 4,500 shares to close at $3.66. National Commercial Bank gained 5 cents and ended at $50.05 with 4,788 shares trading, PANJAM Investment traded 5,514 units at $24.50 after gaining 50 cents, Radio Jamaica lost 5 cents in trading 5,042 units to close at $1.30. Sagicor Real Estate Fund traded 12,048 units with the price rising 1 cent to $10.26 and Scotia Group rose 29 cents with 16,400 shares changing hands to close at $32.
Investors pay up for Massy shares
Investors paid a slightly higher price on Tuesday, to acquire a relatively large block of Massy Holdings’ shares, worth $14.8 million. The block accounted for 84 percent of all stocks traded on the Trinidad & Tobago Stock Exchange.
Trading ended with just 9 securities changing hands compared to 10 on Monday with 3 advancing, 2 declining and 4 remaining unchanged. Market activity closed with 345,479 shares changing hands with a value of $16,556,172, in contrast to Monday’s volume of only 75,910 with a value of $5,054,214.
The Composite Index climbed higher by 1.21 points to 1,194.38 points, the All T & T Index advanced 2.40 points to 1,812.13 points, down 7 percent year to date. The Cross Listed Index remained firm at 77.07 points with year to date gains of 55.67 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 6 stocks with bids higher than last selling prices and 9 with lower offers.
Gains| Angostura Holdings gained 50 cents to close at $16 with 2,400 shares changing hands, First Citizens closed at $35, up 10 cents, with 8,050 shares changing hands after it traded at a low for the day of $33.26 and the volume leader. Massy Holdings, closed at $50.99, a gain of 2 cents after trading at $51 with 291,086 shares changing hands valued at $14,844,290.
Losses|Grace Kennedy lost one cent to close at $2.73 with 1,500 shares changing hands and Republic Financial Holdings lost 51 cents to close at $108.49 with 91 shares changing hands.
Firm Trades | JMMB Group closed at 90 cents with 8,300 shares changing hands, National Commercial Bank closed at $2.87 with 12,362 shares changing hands, National Enterprises traded firm at $10.60 with 540 shares changing hands while Scotiabank closed at $58.50 with 23,400 shares changing hands with a value of $1,368,700.
Jamaican $ make gains vs US – Tuesday
The Jamaican dollar gained against the US and Canadian dollars as trading resumed fully in the foreign exchange market after the Monday when the country had partial closure due to Local Government elections. The local currency slipped against the Pound and the euro.
Over the two days to Tuesday dealers bought the equivalent of US$66,535,327 of all currencies and sold US$64,508,975, compared to US$43,223,641 purchased and US$46,444,892 sold on Friday.
In US dollar trading, dealers bought US$59,608,976 compared to US$38,657,105 on Friday. The buying rate for the US dollar fell 29 cents to close at $128.20. A total of US$60,637,044 was sold versus US$43,567,152 on Friday, with the selling rate falling 6 cents, to $129.01. The Canadian dollar buying rate rose by 1 cent to $92.58, with dealers buying C$3,293,804 and selling C$1,184,938 at an average rate that fell 11 cents to $94.80. The average rate for buying the British Pound declined by 40 cents to $157.83 for the purchase of £3,424,418 while £1,457,937 was sold with a rise of 8 cents to end at $159.59.
At the end of trading on Tuesday, dealers sold €1,088,855 with the selling rate for the Euro, closing with a rise of $4.42 to $139.59, according to data from Bank of Jamaica. Dealers purchased €301,109 of the European common currency at $133.60 after falling $1.30. The US dollar equivalent of other currencies traded, amounts to US$18,022 being bought and selling of US$16,309.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Tuesday, include a rise of $22.45 in the highest buying rate for the Canadian dollar to $120 and a drop of $14.40 in the lowest selling rate to $77.10. The highest buying rate for the British Pound climbed by $3.80 to $164 and the highest selling rate rose $3.50 to $168.48. The highest buying rate for the Euro rose $21.44 to $157.24.