TTSE: WITCO at it again, now $116

June 25, 2013 by

Tuesday, 25th June 2013 | The West Indian Tobacco Company saw trading in 25,385 shares with a value of $2,940,376 as the stock raced to $116, an all-time high and gained $2 on a day when 167,869 shares traded in the main market valued at $7,325,249 and 5,504 mutual fund shares valued at $126,592 traded.

Trading took place in 11 securities of which 3 advanced, 1 declined and 7 traded firm. Another stock that reached a 52 weeks high was Unilver Caribbean which traded 705 shares and gained 93 cents on the day to close at $53.25.

The major trading of stocks took place for Neal & Massy Holdings, 57,303 shares for a value of $3,380,877, Angostura Holdings, 55,000 shares valued at $495,000 and Guardian Holdings, 13,848 shares valued at $221,568.

IC bid-offer Indicator | At the end of trading, the IC bid-offer sentiment indicator shows that bids for 2 stocks were higher, with 4 stocks that had offers lower than their last selling price.

At the close, it would appear that both Witco and Unilver are poised for more gains ahead. Scotia Investment with a bid of 117,000 shares at $1.78, the last selling price, should move up in price as there is no stock on offer at the close today nor on Monday.

TTSEJun25

Filed Under: Stock Market, TTSE Market Tagged With: , ,

FX: Rates retreat again

June 24, 2013 by

Monday, 24th June 2013 | All rates fell across the board on Monday in the foreign exchange market as it was on Friday as buying out numbered selling. Buying amounted to US$40.65 million US dollar equivalent and selling amounted to US$32.7 million.

The average rates for the US dollar fell 13 cents off both the buying and selling with the selling rate closing at $101.28. The Canadian dollar fell by $1.77 for the buy rate and 51 cents for the selling rate, taking the average sell rate to $96.88.  The pound suffered a $2.04 decline of the buying rate to close at $152.87 and dropped 91 cents on the selling rate to end at $155.13, which increased by 38 cents to reach $154.91. The selling rate for the pound fell $1.27 to close at $156.04. The US dollar slipped marginally on both the buy and sell sides and the Canadian dollar fell 80 cents buying and $1.61 selling closing at an average of $95.60 buying and $97.39 selling.

The highest buying and selling rates also saw major changes with most declining with the minimum selling rate for the US dollars dropping back by $15.77. On Friday it had climbed by $16.35 cents to $98.60.

FX_TRADE+Currency+Jun24

FX_TRADE+HighLow+Jun24

Filed Under: FX Market, Stock Market Tagged With: , ,

TTSE: Trading picks up

June 24, 2013 by

Monday, 24th June 2013 | Trading activity on the Trinidad Stock Exchange picked up a bit today with 9 stocks trading of which 3 increased in price, 2 declined and 4 held firm. Scotia Bank recording a new 52 weeks high when it closed up 29 cents to $70.01 having traded 80,052 shares with a value of $5,604,440. Jamaica Money Market Brokers traded 340,700 shares changing hands for a value of $174,320 at a price of 50 cents. Sagicor Financial Corporation, 180,115 shares valued at $1,129,553, Trinidad Cement contributed 40,500 shares at a value of $38,475.  Clico Investments with 402,842 shares at a value of $9,263,266.

The main market saw a volume of 649,936 shares trading valued at $844,178 in addition to 402,842 shares valued at $9,263,266 in the mutual fund market.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 2 stocks were higher with 3 stocks that had offers lower than their last selling price.

Bourse Brazil Latin Fund (BBLF) listed 1,112,384 units on the Stock Exchange effective Tuesday, 11th June 2013 at a price of US$10.00. There was no trading for this fund in today’s trading.

TTSEJun24

Filed Under: Stock Market, TTSE Market Tagged With: , ,

Stocks to watch 24th June, 2013

June 24, 2013 by
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Keep an eye on these stocks for movement during the week of 24 to 28 June, 2013.

JSE Junior Market

  • Access Financial
  • AMG Packaging
  • Blue Power
  • Consolidated Bakeries
  • General Accident
  • Lasco Financial
  • Paramount Trading 

JSE Main Market

  • Cargo Handlers
  • Desnoes & Geddes
  • Jamaica Broilers
  • Jamaica MMB
  • Mayberry
  • National Com. Bank
  • Sagicor Life
  • Scotia Group 

TTSE

  • BNSTT
  • Clico Find
  • Grace
  • JMMB
  • Scotia Investments
  • WITCO
  • UNILEVER
Filed Under: Company News, Stocks to watch Tagged With: , ,

JSE speaks of 2012 achievements

June 24, 2013 by

Marlene Street Forrest in her overview of the Jamaica Stock Exchange group company’s performance for 2012 and operational plans for 2013 and beyond, stated that although there were economic challenges, the JSE saw an increase in operating income of 93%.

The Company’s operating income moved from $281M in 2011 to $542M in 2012, which contributed to the JSE Group’s net profit increasing from $34M in 2011 to $129M in 2012 an increase of 279% in net profit. Street Forrest told the audience that although most of the Exchange’s revenue came from trading fees she also attributed the increased in profitability to a diversification of the revenue streams for both the company and its subsidiary, which enabled the Exchange to survive in a difficult economic environment.

She indicated that the Exchange achieved a number of other positives during 2012:  Increase in the number of companies on the Junior stock market, sale of member dealer license, progress made towards listing of JSE’s ordinary Shares,  business process improvement, document management and  business continuity plan.

The following goals were set for 2013/2014 period:

  1. Listing of the JSE’s ordinary shares
  2. Concentration of effort at marketing the JSE
  3. Developing markets, new products and services for our customers such as:
      • Trading Government and corporate securities
      • Fixed Income Instruments
      • Depository receipts

At the special board meeting held immediately after the annual general meeting, Messer Donovan Perkins and Allan Lewis were returned as Chairman and Deputy Chairman respectively and Steven Whittingham was elected to the JSE Board subject to the FSC’s approval.

Filed Under: Company News, Company Results, JSE Main Market, Stock Market Tagged With:

FX: Rates retreat

June 21, 2013 by

Friday, 21st June 2013 | Rates fell across the board on Friday in the foreign exchange market as tighter liquidity took hold in the financial system. According to one source, liquidity tightened with the US dollar index bond issued by Bank of Jamaica on the market and the effect was felt in the local currency and the foreign exchange and stock markets as some big investors rearranged some aspects of their portfolio.

The average buying and selling rates for each currency fell except for the buying rate for the pound which increased by 38 cents to reach $154.91. The selling rate for the pound fell $1.27 to close at $156.04. The US dollar slipped marginally on both the buy and sell sides and the Canadian dollar fell 80 cents buying and $1.61 selling closing at an average of $95.60 buying and $97.39 selling.

The highest buying rate fell 5 cents for the US dollar and the lowest selling rate increased $16.35 cents to $98.60, the Canadian dollar dropped across the board 60 cents for the highest buy rate, $2.24 for the lowest buying rate and $2.59 for the highest selling rate to reach $100.50, and $2 for the lowest selling rate hitting $93 at the end of the day.  The Pound lost $1.50 for the lowest selling rate and $4.98 for the highest selling rate and moved down 60 cents for the highest buying rate and $1.78 for the lowest buying rate.

The total amount of currency purchased was US$29.8 million (Thursday was US$25.15 million) and selling US$30.6 million (Thursday accounted for $26.78 million).

FX_TRADE+Currency+Jun21FX_TRADE+HighLow+Jun21

Filed Under: FX Market, Stock Market Tagged With: , ,

JSE: Heavy trading in Lasco stocks

June 21, 2013 by

Friday, 21st June 2013 | The local market traded 6.185 million shares at a value of $67 million, with the bulk of the trading taking place for the second day running in the junior market as two Lasco companies accounted for nearly $50 million of stocks traded.

Mayberry was again the dominant broker buying virtually all the Lasco Manufacturing traded as they bought 1.3 million units from clients for their own account. They were also the big trader in Lasco Distributors in which they picked up 1.74 million shares for their own account, which they bought from their clients. They were the only trader for General Accident Insurance that traded 759,000 shares.

Advances turn | The advance decline ratio was slightly negative once more with 8 stocks advancing in price versus 9 that declined.

Main Market | Trading in the main market was subdued today as more focus seemed to have been on the junior market stocks. The main indices fell moderately except for the junior market.

Carreras traded 45,840 units and gained 90 cents to close at $57.90, Hardware & Lumber 49 cents to close at $3.86 as just 200 of its shares trading. Grace traded 10,160 shares as the stock closed at $60.25 and was up 20 cents. JMMB lost 50 cents to close at $7.50 as just 94,792 shares traded. Proven Investments traded 526,215 shares at a value of US$58,000.

Juniors up | Six stocks traded in the junior market as the index put on 18.52 points to close at 788.3 with 4 increasing in price and 2 falling. Lasco Distributors closed up 60 cents at $15.90. Lasco Manufacturing lost 30 cents to close at $15.50.

IC bid-offer Indicator | At the end of trading, the IC bid-offer sentiment indicator shows that bids for 8 stocks were higher, with 4 stocks that had an offer that was lower than their last selling price. Of note is Access Financial, that has not traded for some time, now has a bid of $8.20 with the last selling price of $8.10. Cargo Handlers bid was at $11, the last sale took place at $10.55, Lasco Financial bid is at $10.70 with the last sale taking place at $10.10.

JSEIndicesJun21

Filed Under: JSE Main Market, Stock Market Tagged With: , ,

TTSE: Only 5 stocks trade

June 21, 2013 by

Friday, 21st June 2013 | On another slow day on the Trinidad Stock exchange, just five stocks traded today with only one stock, Scotia Bank, recording a change in price by falling slightly 28 cents to close at $69.72. The main market saw a volume of 111,693 shares crossing the floor of the exchange valued at $844,178 in addition to 177,545 shares valued at $4,083,535 in the mutual fund market.

The main companies that traded on Friday were Guardian Holdings with a volume of 22,811 shares for $364,976, Sagicor Financial Corporation, 68,016 shares valued at $428,568.59 and Clico Investments with 177,545 shares at a value of $4 million.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 5 stocks were higher with 4 stocks that had offers lower than their last selling price.

TTSEJun21

Filed Under: Stock Market, TTSE Market Tagged With: , ,

FX: Markets settles for now

June 21, 2013 by

Thursday, 20th June 2013 | The foreign exchange market settled today after a hectic market yesterday when BOJ intervened to sell US dollars to the market. BOJ did not intervene today. The selling rates for each currency fell 2 cents in the case of the US dollar to $1.64 for the pound and 66 cents for the Canadian dollar. Buying rates also fell for the US dollar by 37.5 cents, Canadian by $2.10 and the Pound by $2.54.

The highest buying rate fell 70 cents for the US dollar and the lowest selling rate dropped $16.45 down to $82.25. The only change for Canadian dollar was a drop in the lowest selling rate which shed a $1 down to $95. The Pound lost $1 for the lowest selling rates, climbed $3.53 for the highest sell rate and moved up 40 cents for the highest buying rate. There was no change for the lowest buying rate. The movement in the US dollar against most international currencies would have had an impact on the Canadian dollar and the pound which accounted for the sharper fall in those currencies.

The total amount of currency purchased was US$25.15 million and selling accounted for $26.78 million.

FX_TRADE+Currency+Jun20

FX_TRADE+HighLow+Jun20

Filed Under: FX Market, Stock Market Tagged With: , ,

JSE: It was Lasco’s day

June 20, 2013 by

Thursday, 20th June 2013 | Right on the heels of the Lasco group participating in the Mayberry Investor forum on Wednesday. trading picked up in all three stocks with Mayberry doing the bulk of the trading, many of them crosses. Early in the trading session attempts were made to trade as high as $18  for both Manufacturing and Distributors but were cancelled later as the price exceeded the limitation set by the exchange in a day. So dominant was the Lasco trading that of 132 transactions, the three companies accounted for 48 while JMMB accounted for 17.

Junior’s down | Nine stocks traded in the junior market, with 5 increasing in price and 3 falling. Lasco Manufacturing gained $1.80 to close at $15.80 as 1,891,055 of its shares traded at a value of $29.8 million. Lasco Distributors closed up $2.30 at $15.30 as 905,219 of the company’s shares traded, valued at $13.63 million. Lasco Finance traded as high as $11.25 but closed at $10.10 as 248,561 units traded, valued at $2.65 million. Blue Power moved up $1 to close at $10 as 215,987 of the stock traded, valued at $2.24 million.

Caribbean Producers lost 5 cents while trading 1.077 million units to close at $1.95. The bulk of the buying took place at $1.50 with Mayberry being the main buyer. Some investors are viewing reports in the press that a listed company is faced with import duty violation as being negative for the company and profits, thus the sell-off which started yesterday.

Advances positive | Trading elsewhere was moderate with just a total 5.42 million shares trading at a value of $56.6 million. The advance decline ratio moved back into the positive once more but not as strong as on Wednesday, with 7 stocks advancing in price versus 5 that declined.

The all Jamaica index climbed by 522.95 points (Wednesday 343.29) to close at 90,562.68, the market main index closed at 88,297.86 up 297.05 (Wednesday 194.99) points and the junior market gained 22.95 points in closing at 769.78 driven by the price movement of the Lasco shares.

Main Market | Hardware & Lumber put on 50 cents to close at $4.35 on low volume. Grace traded 8,120 shares as the stock closed at $60.05 and as the stock gained $1.05 today toad to the $1.50 gained on Wednesday. Kingston Wharves gained 25 cents to close at $8 as just 5,500 shares traded.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice market indicator shows that bids for 6 stocks were higher with the junior market accounting for 4, as 3 stocks (two from the junior market) had offers that were lower than their last selling price.

JSEIndicesJun20

Filed Under: JSE Main Market, Stock Market Tagged With: , ,