Stock Market — Page 1145

TTSE: 2 new 52 weeks highs, one low

September 6, 2013 by IC Insider.com

Friday, 6th September 2013 | The amount of money invested in stocks on the Trinidad & Tobago Stock Market climbed over Thursday’s low level resulting 13 securities changing hands of which 4 advanced, 3 declined and 6 traded firm. Trading levels remain low with just 185,122 units valued at $3,361,803.

Main trades | The main traded stocks include, Guardian Holdings with 23,038 units for a value of $322,532 as the stock, which has been under selling pressure of late, dropped a $1 to close at $14, a new 52 weeks low but making it vastly more attractive than a few weeks ago. Jamaica Money Market Brokers which traded high volumes in Jamaica, delivered only 20,000 shares valued at $10,000. Neal & Massy Holdings contributed 10,300 shares with a value of $576,700 as the price closed up a cent at $56; Sagicor Financial had 4,600 units which closed firm at $6.85; while Trinidad Cement added 9,900 shares valued at $19,753 as the price slipped further to close at $1.98 but there were 25,000 units on offer at $1.95 and no bids at the close.

West Indian Tobacco with a small 57 shares gained 95 cents to end the day at $118.00. Clico Investment Fund, which continues to be quite liquid, had 108,160 shares valued at $2,326,572 trading as the price remained firm at $21.51.

New highs | Agostini’s traded 1,000 units and closed 25 cents higher at $17.25 for a new 52 weeks high; Prestige Holdings also made a new 52 weeks high when it traded 420 units gained 5 cents to $9.40.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator shows that there were no bids for stocks that were higher with 3 stocks having offers lower than their last selling price.

FX: Buying greater than sales

September 5, 2013 by IC Insider.com

Thursday, 5th September, 2013 | In today’s forex trading, authorised dealers bought US$26.3 million and sold US$23.68 million as the selling rate for the US dollar fell slightly while the buying rates eased up a few cents. The Canadian selling rate fell and the buying rate rose as the Pound selling rate went up and the buying rate fell.

Authorised dealers bought US$21,039,750 for 10 cents more than on Wednesday’s rate at $101.433 and sold US$20,414,335 at 2 cents less at $102.154. Dealers bought C$1,022,519 at $95.5248 which is 31 cent higher than the closing rate on Wednesday and sold C$783,534 at $97.5485 at 55 cents less. The amount of Pound sterling bought was £2,632,515 at $157.6334 costing 25 cents less than Wednesday’s rate and the amount sold was £1,316,063 at $160.075 at 26 cents more.

The highest buying rate for the US dollar was $102.75 down 25 cents while the currency was bought as low as $84.17, the same rate as the day before. The selling selling high of $107.86 remained unchanged and the selling low at $86.22 for a $2.18 increase.

The highest buying rate for the Canadian dollar was $97.70, up 20 cents and sold as low as $78.52, up 17 cents. Selling was as high as $101.44 reflecting an increase of 22 cents and as low as $94.00, down 65 cents.

The highest buying rate for the Pound sterling was 161.77 up $1.57 and as low as $129.48 down $5.81. Selling was high as $166.92 up $4.76 and sold as low as $153.65 down 50 cents.

Image courtesy of Marcus/FreeDigitalPhotos.net

Filed Under: FX Market, Stock Market Tagged With: Daily Trading, FX Market, Trading Activity

JSE: Advancers up but trading not strong

September 5, 2013 by IC Insider.com

Thursday, 5th September 2013 | The main market indices fell on Thursday as the junior index moved up with 11 stock prices gaining to 6 that fell as 2,761,996 units traded valued at $16.1 million continuing a light period of trading for a number of days since August. The all Jamaica index fell 313.07 to 84,535.65, the Main index was down 177.94 to close at 84,593.49 and the junior market index gained 6.24 to close at 786.41.

Barita Investments seems to be attracting a little interest as it traded 18,156 at $2.50 while Caribbean Cement Company could have bottomed as it traded 121,158 units to close at $2.03 an increase of 3 cents; Gleaner Company logged 605,000 units at a firm price of $1.20; Jamaica Money Market Brokers kicked in with a strong 1,140,850 units as the price closed 1 cent up at $8; Jamaica Stock Exchange 11,000 units resulted in a 5 cent drop to the IPO price of $2.85; Kingston Wharves traded 13,400 firm at $7; National Commercial Bank still struggling to move forward traded 117,295 shares at $18.55 up 5 cents; Pan Jamaican Investment Trust accounted for 13,415 units and closed at $51.42; Scotia Group Jamaica made good with 41,757 units and closed at $21.26 a gain of 6 cents while Seprod contributed 20,000 units at $13.

Access Financial Services had 100,000 shares being exchanged as the price closed at $8.38 up 18 cents; Consolidated Bakeries chipped in with 26,916 units to close at $1.40 down 5 cents; Cargo Handlers was up $1 to $14, a new all-time high.

General Accident Insurance traded 56,000 units at $1.77 for a 6 cents gain as Lasco Distributors 47,420 units traded firm at $1.50; Lasco Financial Services 109,450 units closed at $1.40 down 2 cents and Lasco Manufacturing 35,475 units with the price closing at $1.65 up 2 cents.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator shows that bids for 6 stocks were higher with 2 stocks having offers lower than their last selling price.

Filed Under: JSE Main Market, Stock Market Tagged With: Daily Trading, JSE Company, Trading Activity

TTSE: Poor T&T stock market

September 5, 2013 by IC Insider.com

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Thursday, 5th September, 2013 | Trading picked up on Thursday on the Trinidad Exchange with 10 securities changing hands of which 2 advanced, 3 declined and 5 traded firm as a mere 42,969 units changed hands valued at $883,081.

Stocks trading include Unilever Caribbean, which gained 1 cent to end the day at $55.41, a new 52 weeks high as 750 units changed hands. Trinidad Cement with only 10,400 units valued at $23,096 as the price lost 16 cents to close at $2.14. Still under selling pressure due to profit taking, the stock closed with no stock on the bid and 159,187 on offer at $2.10.

Jamaica Money Market Brokers traded 2,800 shares firm at 50 cents. Republic Bank traded 1,153 units valued at $126,853 at $110.02 up a cent. Clico Investment Fund posted a volume of 22,815 shares valued at $490,751; the price closed firm at $21.51. One Caribbean Media 880 units as the price closed firm at $18.02. Scotia Bank traded 2,300 units with firm price at $70.01 for a value of $161,023.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator shows that there were no stocks with bids that were higher with 3 stocks having offers lower than their last selling price.

Image courtesy of Photokanok/FreeDigitalPhotos.net

Filed Under: Stock Market, TTSE Market Tagged With: Daily Trading, Trading Activity, TTSE

JSE: Advancers ahead, indices down

September 4, 2013 by IC Insider.com

Wednesday, 4th September 2013 | Trading activity on the Jamaica Stock Exchange was moderate notwithstanding the 4.667 million units which traded at a value of $25.7 million. Trading took place in only 25 stocks with 1 from the preference sector resulting in 8 stocks advancing to 4 declining. The index for the main market fell as the all Jamaica index being off the most by 1,041.87 to close at 84,848.72 and the main market index off 592.14 to end at 84,771.43. As indicated on Tuesday, this was expected to happen with that day’s movement in Scotia Group hitting $23.49 but closing at $22. Today, it closed at $21.20, giving back all the gains it had on Tuesday.

Caribbean Cement traded 38,155 units firm at $2; Grace traded 10,905 units at $56.60 up 10 cents; Jamaica Money Market Brokers exchanged 172,923 units and closed firm at $8; National Commercial Bank traded 87,412 units at $18.55 up 5 cents, while Sagicor Life enjoyed a big day with 865,150 units gained 44 cents to close at $8.60; Scotia Group traded 127,072 to closed down 80 cents at $21.20; Scotia Investments chipped in with 34,800 to close at $26.20 up 4 cents and Proven preference shares delivered 1,465,850 units firm at $5.09.

The junior market index slipped 2.20 to close at 780.17. Caribbean Creams traded 320,700 units to close at $1.02 a gain of 2 cents; Caribbean Producers exchanged 510,000 units firm at $2.03; General Accident chipped in with 66,000 units to close at $1.71 for a 1 cent gain; Jamaican Teas lost 20 cents to close at $4.20 as it traded 22,043 units; Lasco Financial Services traded 297,535 and closed at $1.42, down 2 cents, while Lasco manufacturing closed at $1.60 a 2 cents decline with 277,428 units and Paramount Trading 66,305 units firm at $3.30.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator shows that bids for 5 stocks were higher with 2 stocks having offers lower than their last selling price.

Filed Under: JSE Main Market, Stock Market Tagged With: Daily Trading, JSE Company, Trading Activity

FX: Selling rates up for all

September 4, 2013 by IC Insider.com

Wednesday, 4th September 2013 | As the level of buying of foreign currency falls well below demand, the selling rates for all three major currencies appreciated against the local currency with the US dollar selling at 3 cents more than on Tuesday at $101.17 as $24.84 million were sold versus US$20.4 million bought at an average of $101.33 a 16 cents decline on Tuesday’s closing rate.

The Canadian dollar was sold on average for 47 cents more than Tuesday’s closing rate for C$883,200, while the currency was bought at 8 cents lower than on Tuesday and closed at $95.21 as $592,000 was purchased. The Pound Sterling buying rate increased by $1.08 to close at $157.88 as £1,167,212 and £945,113 was sold at 62 cents higher at $159.81.

For the US dollar, the highest buying rate gained 10 cent to $103.00, lowest buying rate was unchanged at 84.17 while the highest selling rate was 3 cents higher at the close at $107.86 and the lowest declined by $15.31 to close at $84.04.

All of the highest and lowest rates for the Canadian dollar climbed with the highest buying rate increasing by 15 cents to $97.50, the lowest was up 8 cents to 78.35. The highest selling rate for the Canadian was up by 21 cents to $101.22 and the lowest moved up by 25 cents to $94.65.

The Pound sterling saw the highest buy rate moving up 25 cents to $160.20 with the lowest being up $6.06 to $135.29. The highest selling rate was down $4.44 to $162.16 and the lowest down 30 cents $154.15.

Filed Under: FX Market, Stock Market Tagged With: Daily Trading, FX Market, Trading Activity

TTSE: 52 weeks high for 4 stocks

September 4, 2013 by IC Insider.com

Wednesday, 4th September 2013 | The market activity resulted in four stocks hitting 52 weeks highs. These are Angostura Holdings closed at $9.51 but trading as high as $9.54 in exchanging 1,560 units; Unilever Caribbean gained 9 cents to end the day at $55.40, a new 52 weeks high as 838 units changed hands; National Enterprises traded at a new 52 weeks high of $16.01, up a cent on the day while trading just 500 units, the stock closed with a bid at $16.05 for just 50 units. Republic Bank traded 2,253 units at $110.02 up a cent, a new 52 weeks high.

Trading picked up on the Trinidad resulted from trading in 14 securities of which 5 advanced, 2 declined and 7 traded firm as 557,106 units changed hands valued at $8,569,826.

Stocks with reasonable volumes trading are Grace Kennedy with 200,415 shares valued at $661,370; Trinidad Cement 162,126 shares valued at $388,483 lost 10 cents to close at $2.30; ANSA McAL 67,392 shares with a value of $4,466,742; Jamaica Money Market Brokers 7,100 shares valued at $3,550. Clico Investment Fund posted a volume of 106,466 shares valued at $2,290,182, the price advanced by 1 cent to end at $21.51.

Prestige holdings exchanged 2,665 units and closed firm at $9.35; Scotia Bank traded 1,924 units firm at $70.01 and One Caribbean Media 1,602 firm at $18.02. West Indian Tobacco traded 1,188 units at $117.05.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator shows that bid for 1 stock was higher with 3 stocks having offers lower than their last selling price.

Filed Under: Stock Market, TTSE Market Tagged With: Daily Trading, Trading Activity, TTSE

FX: All Tuesday’s rates up

September 3, 2013 by IC Insider.com

Tuesday, 3rd September 2013 | US$34,553,830 was purchased by dealers as the buying rate rose by 34c to an average of $101.49 and dealers sold US$32,447,951 at $102.137, an increase of 3 cents, the Canadian was purchased at $95.289 up 42 cents for C$923,276 while C$874,494 was purchased at 78 cents higher than Monday’s rate to close at $97.632. The British Pound traded at $156.806, an increase of 84 cents as £1,352,743 was purchased and £853,085 was sold for $159.189, an increase of 21 cents.

The equivalent of US$37.85 million was purchased and $34.85 million sold bettering yesterday’s take.

Dealers purchased the US dollar as high as $102.90 at 10 cents higher than on Monday and the bought as low as $84.17 which was the same rate as Monday’s low. The US dollar was sold as high as $107.89, lower by 88 cents than the rate at the close of Monday and sold as low as $ 99.35 reflecting a $15.31 increase.

The Canadian dollar was bought as high as 97.35, off 5 cents and remained unchanged for the lowest buying rate at $78.27; the highest selling rate came in at $101.01 down by 64 cents and 10 cents was added to the lowest selling price, which closed at $94.40.

The Pound gained all round with the highest buying rate closing at $159.95, which is 65 cents more than on Monday and lowest buy rate climbed 79 cents to end at $129.23. The highest rate that sales took place at is $166.60 up $1.02 and the lowest rate came in at $154.45 up $1.55

Filed Under: FX Market, Stock Market Tagged With: Daily Trading, FX Market, Trading Activity

JSE: Advancing stocks hit decliners

September 3, 2013 by IC Insider.com

Tuesday, 3rd September 2013 | Unlike Monday when trading levels were very moderate, trading picked up on Tuesday with 9 million units changing hands valued at $41.6 million.

Proven Preference shares traded 4 million units valued at $20.4 million as the stock closed firm at $5.09; Scotia Bank traded as high as $23.49 but closed down at $22. These movements were the main factors driving the two main indices up sharply at the close. Indications are that the price indices could fall quite a bit when trading closes on Wednesday unless a stock such as NCB picks up appreciably in price. The all Jamaica index which nose dived 1,051.58 jumped 1,621.05 today to end up at 85890.59, while the main market index that slipped 597.66 on Monday was up sharply by 921.32 to 84,363.57. The junior market index bucked the positive trend by falling 0.88 to close at 782.37. Trading resulted in 25 securities exchanging ownership of which 10 advanced, 3 declined and 13 traded firm.

Trades today with reasonable volumes were Carreras with 24,051 to close at $46.40, an increase of 40 cents; Jamaica Broilers Group accounted for 1,533,057 valued at $7.97 million to close 6 cents up at $5.20; Jamaica Producers 14,260 to close at $18.25; Kingston Wharves 15,014 units and closed at $7; Mayberry Investments contributed 33,386 was firm at $2.60. National Commercial Bank 278,547 units closed firm at $18.50 as it accounted for $5.15 million of the total value traded; Sagicor Investments 83,000 units at $16.55 at the close, down 5 cents; Sagicor Life Jamaica 17,201 closed firm at $8.16 and Scotia Group 7878,700 units traded resulting in the price rising 55 cents to end of trading at $22. Having traded as high as $23.49 for a value of $18.3 million, the bulk of buying was conducted by Scotia Investment for clients.

Junior market | Trading picked up on Tuesday with 8 stocks changing hands in this segment of the market. Jamaican Teas which traded a million shares at $4.40 exchanged another million units today with the price closing firm at $4.40 with a value of $4.4 million; Blue Power gained 6 cents to close at $9.28 with 11,124 units; Caribbean Producers put in 308,00 units while trading firm at $2.03. Lasco Distributors traded 143,610 units up 5 cents to close at $1.50; Lasco Financial Services added 29,040 in trading at $1.44 for an increase of 4 cents; Lasco Manufacturing accounted for 415,241 firm at $1.62 up 6 cents and investors moved 256,036 units of Paramount Trading through the market as the price closed firm at $3.30.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator shows that bids for 6 stocks were higher with 2 stocks having offers lower than their last selling price. This is the second day in a row that this indicator has been strong and could mean that the market is once more ready to move upwards.

Filed Under: JSE Main Market, Stock Market Tagged With: Daily Trading, JSE Company, Trading Activity

JMMB share offer taken up

September 3, 2013 by IC Insider.com

Jamaica Money Market Brokers advised that the offer to purchase two set of preference shares at 7.25 percent and 7.50 percent was oversubscribed and in accordance with the provisions of the Prospectus, JMMB will allot further Preference Share to all applicants in the amount that was subscribed. All Shares applied for will be allotted to applicants out of Preference Share currently held by JMMB.

JMMB advised that the Offers closed on the last day of work week (last Friday) and is oversubscribed. JMMB is currently encountering administrative constraints in the compilation and processing of the subscription applications in order to provide the information to the Jamaica Stock Exchange by close of business September 2, 2013.