Tuesday, 14 May 2013
FX: Tuesday, 14th May 2013
May 15, 2013 by
JSE: Tuesday, 14th May 2013
May 15, 2013 by
Indices rise but decliners outnumber advancers
In Tuesday’s trading on the Jamaica Stock Exchange 3 stocks advanced and 7 declined. It’s been some time since the advance/decline ratio was negative, nevertheless the main market indices actually registered advances. The level of trading was moderate with just over 2 million units trading for a value of $9.3 million.
At the end of trading there were 8 stocks with bids above the last selling price and only two with offers below the last sale price.
TTSE: Tuesday, 14th May 2013
May 15, 2013 by
Moderate Price movements
Trading volume in the main market was 1,231,545 shares valued at $7,881,995.28. Trinidad Cement traded 1,036,555 shares for a value of $984,727, followed by Scotiabank Trinidad & Tobago with a volume of 85,000 shares for $5,894,750. Angostura Holdings accounted for 55,125 shares with a value of $496,136. 14 securities of which 5 advanced, 4 declined and 5 traded firm.
Scotia Investments was the day’s largest gainer, increasing $0.15 to end the day at $1.70. Conversely, Clico Investment Fund suffered the day’s greatest loss, falling $0.05 to close at $21.04 while trading a volume of 66,564 shares valued at $1,400,198.
3 stocks traded at 52 weeks high on Tuesday while there were 5 stocks with bids above last selling price and 5 with offers below the last selling price.
FX: Monday, 13th May 2013
May 14, 2013 by
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Robust FX trading
USD | The foreign exchange market enjoyed high levels of trade on Monday as the equivalent of US$47.29 million were bought while selling amounted to US$50.44 million. This is in contrast with last week’s Monday’s trade in which US$41.2 million were purchased and US$44.4 million sold.
However, the selling rate for the US dollar slipped from Friday’s close to end at J$99.018 (Friday J$99.058) as US$48.6 were sold and US$44.2 million were bought at J$98.52, slightly lower than Friday’s buying rate of J$98.58.
GBP | Sellers to authorized dealers sold £1.3 million at an average of J$149.30 while dealers sold £1.16 million at an average of J$152.72 compared to Friday, when it was sold at J$153.07.
CAD | CAD$1.63 million were bought at an average of J$95.77, a sharp decline from Friday’s rate of J$97.21 and the amount sold was CAD$897,257 at an average rate of J$97.86, slightly higher than Friday’s trades which took place at J$97.79.
Highs & Lows | The highest selling rate for the US dollar remains over J$104 while the lowest is at $81.16. The Pound was sold at a high of $158.68 and a low of $147.56 and the Canadian at a high of $102.45 and a low of $95.15.
TTSE: Monday, 13th May 2013
May 14, 2013 by
Moderate Monday
Trading on the Trinidad & Tobago stock exchange was moderate with a volume of 219,942 shares crossing the floor of the Exchange valued at $2,641,580.
Angostura Holdings was the volume leader with 104,400 shares changing hands for a value of $939,600.00, followed by Point Lisas Industrial Port Development Corporation with 74,000 shares being traded for $266,400. Investors bought 9,174 Republic Bank shares with a value of $1,009,135. National Flour Mills enjoyed the day’s largest gain, increasing $0.05 to end the day at $0.86 as 15 securities traded of which 5 advanced and 10 traded firm. There were no stocks recording price declines. While there are signs of further price gains for some stocks, there are some that indicate they are likely to suffer a price decline as there are sellers who have not been able to find buyers for some time with the price they are offered at either being at the last selling price or below.
Five stocks closed with bids over the last selling price.
Stocks to watch this week | Investors should keep a close eye on the following stocks as they have the potential to record price gains. These are Ansa MaCal, One Caribbean media, Republic Bank, Scotia Bank and West Indian Tobacco.
JSE: Monday, 13th May 2013
May 13, 2013 by
Market highest since February 8th
The market is at the highest level based on the All Jamaica Index since February 8th this year, but it has some way to go before it takes out the 2013 high of January 4 when the all Jamaica index was at 91,721. Grace Kennedy put on $2.25 today, to close at $58 based on 6,185 units trading at $58, Desnoes and Geddes put on 33 cents to close at $4.50 after the company reported improved nine months results on Friday but with lower third quarter profits than the year before quarter due to costs relating to staff separation. The company traded 82,500 units, all at $4.50. Scotia Bank put on $1.96 to close at $21.98 while trading a mere 5.965 units.
The sentiments of the market can be gleaned from the advance decline ratio of stock price movements in today’s trade. Advancing stocks continued the trend of last week with advancing stocks outnumbering declining stocks on the Jamaica Stock Exchange. 7 stocks registered price advances and only 3 fell. The movement helped in moving the All Jamaican index up by 828.77 closing at 83,660.42. The main market index closed up 470.76 points to close at 84,479.12 on a day when 21 stocks traded. Stocks with a mere $9,004,591.79 value traded in market.
Stocks to watch this week | Grace Kennedy, Carreras, Jamaica Broilers, National Commercial Bank, Scotia Investments, Blue Power, Honey Bun, Jamaican Teas, General Accident.
JSE: Friday, 10th May 2013
May 13, 2013 by
Scotia companies stock skid
In a lackluster day’s trading, 3.08 million stocks at a value of $33,240,248.40 traded as 11 stocks recorded price gains against only 2 that fell in the ordinary share segment.
Both Scotia Group and Scotia Investments were the day’s big losers, the former down $1.98 to $20.02 with 512,354 units trading and the latter losing $3.08 to close at $23.03 with 324,350 shares trading. NCB gained 30 cents to close at $18.30 with 524,095 shares trading. JP traded 13,001 units and put on 32 cents to close at $15.50, Jamaica Broilers traded 309,318 units up to $4.60, 6 cents more than on Thursday. Kingston Wharves gained 30 cents in trading 12,781 units to close at $6.40 and the highest price for more than a year, Lasco Financial Services traded at an all-time high of $8.10 while Blue Power gained 17 cents to $5.85 on just 4,389 units. Grace continues to pick gains, closing at $55.75, 16 cents more than yesterday, on small volume.
All the indices of the market fell except the junior market the US dollar market that had no trades and the cross listed index, whereas there were no trades for overseas based companies.
TTSE: Friday, 10th May 2013
May 13, 2013 by
TCL dominates, Grace gains
Trinidad Cement (TCL) traded 1,297,434 shares and the price was down 2 cents to 95 cents at the end of trade. Grace Kennedy traded 35,400 units and gained 27 cents to close at $3.60 in the process. There was still unfilled demand at the end of trade at $3.61 but there were no stocks on offer. Angostura Holdings traded 44,800 units at the same price as prior to today. Grace released their first quarter result yesterday and this may have contributed to the price changes.
Trading accounted for 1.4 million units, valued at $2.33 million as two stocks registered price gains and one fell. Ten securities traded for the day.
FX: Friday, 10th May 2013
May 13, 2013 by
Buying exceeds selling by US$10m
USD | Trading activity in the currency market was relatively uneventful with the most watched currency against the Jamaican dollar, the US, hardly had any rates change. Authorised dealers bought US$37.5 million and sold only $27.6 million, that is almost a $10 million difference. The average buying rate for US dollars was $98.579 and the currency was sold at $99.0575. Yesterday, the rates were, buying $98.448 and selling $99.051 resulting in a minor devaluation of the Jamaican dollar against the US.
CAD | More Canadian dollars were purchased today than on Thursday. The amounts purchased was CAD$ 1.63 million and selling $885,795. Purchases of Canadian dollars cost more but sellers charged less to offload the currency today.
GBP | Today £960,233 pounds were bought compared to Thursday’s buying of £3,661 million. There was selling of £734,700, far less than the £3.04 million sold on Thursday. The rate of the pound fell in today’s trading with the buying rate off J$2.30 taking it to J$150.45, the selling rate was 46 cents lower.
Yen falls | Elsewhere the Japanese yen crossed aggressively over the 100 barrier and reached just under 102 yen to the US dollar before retreating to 101.61 at the close as the US dollar gathers strength based on what many in the market are seeing as an ever improving economic developments in the United States. The yen has climbed back from a low of 77 to one US dollar last year. The move which many expect to continue will benefit Jamaicans, making imports form that country vastly cheaper than in 2012.
FX: Thursday, May 9th 2013
May 13, 2013 by
Mixed FX market
GBP | The main action was in the trading of pounds sterling on Thursday as buying was up on Wednesday with £3,661 million bought compared to £779, 323 on Wednesday. The rate climbed for buying as it moved up by $1.90 over Wednesday’s price of J$150.832 to the pound. On the sell side, more than £1.56 million were sold than on Wednesday but the price slipped by 14.55 cents. The pound’s lowest buying rate moved down sharply from 130.07 to J$124.09 and was the most pronounced change in rates for the day.
CAD | The Canadian dollar was less expensive on both the buying and selling side as it took, on average, 47 cents to sell to the system but buyers were paying under a cent less for that currency.
USD | Authorized dealers bought US$24 million for 10 Jamaican cents less per US dollar and sold US$23 million for about 2 cents more than on Wednesday. Overall, the market once more traded more currency on the buy side than on the sell side. Sale of foreign currency was also less than the amount bought on Wednesday. Purchases on Thursday were less than on Wednesday and less selling also took place. There were US$9.6 million less purchases in the system and US$10.3 million less were sold than on Wednesday.
