The Jamaica stock market is off to a relatively slow start on Wednesday morning with the All Jamaican Composite index gaining 451.31 points to 152,639.66 point, the JSE Market Index gained 403.83 points to 137,517.33 the JSE combined index climbed 447.50 points to be at 144,165.19 and the junior market index rose 7.42 points to its highest level of 1,604.59.
The number of securities trading climbed sharply to 33 securities changing hands with a volume of 195,221,088 units as 12 stocks gained and 7 declined after 90 minutes of trading.
Notable trades took place in Cable and Wireless, the stock traded 1,189,730 units up to $1.44 but last traded at $1.35, Mayberry Investments crossed 190 million Caribbean Producers shares at $3.06, Jamaica Broilers traded 2,879,886 units at $9.20, Jamaica Producers traded at $25, in response to good results for the September quarter.
Junior market breaks 1,600
Jam$ stable vs US on Tuesday
Inflows of foreign currencies into the system on Tuesday was US4.5 million less than the amount sold but the local dollar selling rate was stable against the US dollar, rose against the Pound and fell versus the Canadian dollar. At the close of trading, the equivalent of US$40,302,311 was bought by dealers, compared with US$40,933,885 on Monday, while they sold the equivalent of US$44,817,449 versus US$46,854,604 previously.
In US dollar trading , dealers bought US$36,133,874 compared to US$37,907,963 on Monday. The buying rate for the US dollar rose 15 cents to $119.30 and US$43,506,926 was sold versus US$44,708,029 on Monday, the selling rate remained unchanged at $119.80. The Canadian dollar buying rate gained 74 cents to $87.62 with dealers buying C$2,044,925 and selling C$717,810, at an average rate that rose 19 cents to $88.73. The rate for buying the British Pound lost $1.20 to $177.72 for the purchase of £1,444,460, while £283,700 was sold, at an average rate that dropped $4.31 to $178.80. At the end of trading, it took J$128.72 to purchase the Euro, a fall of 2 cents from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.11 for a decline of 17 cents from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$514,735 being bought, while US$355,466 was sold. Highs & Lows| On Tuesday, the highest buying rate for the US dollar gained 10 cents to $120.10 and the lowest buying rate remained unchanged at $98.45. The highest selling rate rose 11 cents to close at $126.26 and lowest selling rate rose $1.86 to end at $100.30. The highest buying rate for the Canadian dollar dropped $2.59 to $90.50, the lowest buying rate closed unchanged at $71.80, the highest selling rate fell 21 cents to end at $92.88 and the lowest selling rate declined $2.30 to $83.50. The highest buying rate for the British Pound, declined $2.55 to end at $180.50. The lowest buying rate ended unchanged at $144.42, the highest selling rate eased 25 cents to $186.50 and the lowest selling rate rose 30 cents to $174.30.
All Jamaica index breaks 150,000 mark
The Jamaica stock market is off to a flying start on Tuesday morning with the All Jamaican Composite index jumping 1,334.74 points to cross over the 150,000 point level for the first time and sits at 151,265.98 the JSE Market Index gained 1,194.34 points to 136,288.15 the JSE combined index climbed 1,329.92 points to be at 142,847.27 and the junior market index rose 22.65 points to its highest level of 1,586.96.
The number of securities trading climbed sharply to 34 securities changing hands with a volume of 9,183,062 units as 19 stocks gained and 3 declined after 90 minutes of trading.
Notable trades took place in Cable and Wireless, the stock traded 6,553,797 units up to $1.40 but last traded at $1.35, Carreras ended with 768,164 units trading at $55.18, Lasco Distributors has traded 367,050 units currently at $4.07, Lasco Financial Services traded at a new record high of $3.40 with 219,943 units but now trades at $3.20, Lasco Manufacturing has so far traded 100,000 shares at $3.95, Proven Investments traded 434,000 shares at 22.97 US cents.
5 stocks closed higher on TTSE
At the close, the Composite Index ending with a gain of 0.55 points at 1,148.77 the All T&T Index rose 0.09 points to 1,950.06 and the Cross Listed Index added 0.13 at 45.59.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
Gains| Clico Investment Fund closed with a gain of 1 cent, a total of 1,825 shares changed hands, to end at $22.53, JMMB Group with 200,000 units changing hands ended at 50 cents to record a gain of 3 cents, National Flour Mills gained 1 cent in trading 500 shares at $1.98. Trinidad Cement ended at a 52 weeks’ closing high $3.81 with 5,000 shares changing hands with a rise of 1 cent and West Indian Tobacco traded with a gain of 1 cent to end at $126.02 with 404 shares trading at a 52 weeks’ high.
Declines| Republic Bank traded 5,840 shares valued at $654,023 to close at $112, with a fall of 1 cent.
Firm Trades| Angostura Holdings traded at $14 with 500 shares, First Citizens Bank traded 4,837 shares and closed at $35, Scotiabank closed with 27,646 shares for a value of $1,727,875 changing hands at $62.50 and Trinidad and Tobago NGL closed at $21.50 with 50,259 shares being traded for $1,080,569 trading.
Market up slightly in early trading
The Jamaica stock market is off to a slow start to the week with only in 23 securities changing hands with a volume of 3,067,073 units as 12 stocks gained and 6 declined after 90 minutes of trading.
The Jamaica stock market, recorded gains in all four the indices. The All Jamaican Composite index rose 30.57 points to 148,950.40, the JSE Market Index gained 27.35 points to 134,216.14, the JSE combined index climbed 529.44 points to be at 140,730.50 and the junior market index rose 56.40 points to its highest level of 1,568.99.
Notable trades took place in Cable and Wireless as the stock traded 1,490,388 units up to $1.27 but last traded at $1.20, Lasco Distributors with 60,150 units up to $4.55 for a new high, Lasco Financial Services trading at a new record high of $3.17 with 225,195 units but now trades at $2.98, Lasco Manufacturing with at 536,700 shares at $4, Pan Jamaican Investment trade 11,000 units at $90 up from $85.16 on Friday and Scotia Group that last traded at $29.50 fell to $26.80 with 4,426 units.
Jam$ makes further gains on Monday
Inflows of foreign currencies into the system on Monday was US6 million less than the amount sold. With Friday’s $12 million surplus buying over the amounts sold, the local dollar enjoyed another day of increased value against the US and Canadian dollars. At the close of trading, the equivalent of US$40,933,885 was bought by dealers, compared with US$43,633,921 on Friday, while they sold the equivalent of US$46,854,604 versus US$31,659,241 previously.
In US dollar trading , dealers bought US$37,907,963 compared to US$38,585,883 on Friday. The buying rate for the US dollar fell 20 cents to $119.15 and US$44,708,029 was sold versus US$28,087,670 on Friday, the selling rate declined 5 cents to $119.80. The Canadian dollar buying rate lost 79 cents to $86.88 with dealers buying C$1,281,782 and selling C$753,334, at an average rate that dropped $1.40 to $88.54. The rate for buying the British Pound lost $2.04 to $178.92 for the purchase of £1,289,054, while £884,353 was sold, at an average rate that rose 61 cents to $183.11. At the end of trading, it took J$128.74 to purchase the Euro, a fall of $1.49 from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.28 for a decline of $1.52 from Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$155,674 being bought, while US$238,053 was sold.
Highs & Lows| On Monday, the highest buying rate for the US dollar fell 10 cents to $120 and the lowest buying rate remained unchanged at $98.45. The highest selling rate rose $1.77 to close at $126.15 and lowest selling rate lost $1.87 to end at $98.44. The highest buying rate for the Canadian dollar jumped $2.79 to $93.09, the lowest buying rate declined $1.03 to end at $71.80, the highest selling rate dropped $1.34 to end at $93.09 and the lowest selling rate rose $1.80 to $85.80. The highest buying rate for the British Pound, declined 28 cents to end at $183.05. The lowest buying rate slipped $3.32 to $144.42, the highest selling rate dropped $1.04 to $186.75 and the lowest selling rate lost $1 to $174.