Junior market breaks 1,600

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 JSE int 11-11-15137,517.33 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.

Jam$ stable vs US on Tuesday

FX_USPound2 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. FX sum 10-11-15The 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. FX hl 10-11-15 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.

Supply shortage feeding JSE rally

Bulls continue their relentless run on Jamaican stocks

Bulls continue their relentless run on Jamaican stocks

The bullishness of Jamaica Stock Exchange pushed the All Jamaican Composite Index beyond the 150,000 mark for the first time to close at more than 152,000 points as more 2,200 points were added on Tuesday as shortage of supply of stocks being sold and increased demand push prices.
The market closed with activity in 42 securities, leading to 13,242,518 units valued at $152,588,837 changing hands, in all market segments. A total of 25 securities rose and 6 declined with 12 stocks ending at 52 weeks’ closing high. The JSE Market Index rose 2,019.69 points to 137,113.50, the all Jamaica Composite Index gained 2,257.11 points to end at 152,188.35 and the JSE combined index surged 2,200.34 points to end at 143,717.69.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 8 stocks with bids higher than their last selling prices and 3 with lower offers.
In trading, Cable and Wireless enjoyed heavy trading and gained 11 cents, with 7,617,380 shares changing hands to close at $1.36 after trading in the early morning session at a high of $1.40. JSE sum 10-11-15rOn offer were 972,640 shares at $1.44 with bid in at $1.36 to buy 151,270 units. Caribbean Cement fell 10 cents to end at $17.78, with 101,120 shares changing hands. Carreras jumped $5 to end at a 52 weeks’ high of $60 with 773,164 units trading, Gleaner traded 215,100 units at $1.90 after shedding 12 cents. Grace Kennedy closed at a new 52 weeks’ high of $73 after rising $2.99 with only 1,084 shares changing hands, Jamaica Broilers traded 20,524 shares to close at $9.20. Jamaica Producers traded 4,075 shares and gained 20 cents to end at $23.80, Jamaica Stock Exchange rose $1.99 in trading 1,000 shares for new 52 weeks’ closing high of $14, JMMB Group traded 32,291 shares to close 20 cents higher at $11, Kingston Wharves traded 21,371 units to close with a gain of 40 cents at $11.50. National Commercial Bank close with 1,545,881 shares changing hands to end with a rise of 50 cents at $33.50, Pan Jamaican climbed $5.99 in trading 206,104 shares to end at a 52 weeks’ closing high $92, Pulse Investments traded 150,000 shares but recovered 20 cents and ended at $1.17. The company released the first quarter results after trading closed, showing earnings of 29 cents versus 20 cents in 2014. JSE Fn Qts 10-11-15Sagicor Group traded at a new closing high of $15.35 with 28,078 shares changing hands at 34 cents higher. Sagicor Real Estate Fund traded 14,500units, the price closed at $10.02 after falling 3 cents, Scotia Group ended with 6,184 shares changing hands and closed with a gain of 20 cents at $27. Scotia Investments leapt $2.50 to close at $30 as 226,416 units traded, Supreme Ventures ended with 10,216 shares changing hands at $4.60 and Proven Investments ordinary share rose by 1.97 US cents and ended at 22.97 US cents with 436,000 units changing hands and Jamaica Money Market Brokers 7.50% preference share ended with 728,500 units trading at $2.

Juniors close 3 points shy of 1,600 points

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JM - gph 10-11-15 The junior market rose 32.86 to just 3 points away from the 1,600 point mark at 1,597.17 points on Tuesday as 16 securities were active with 10 stocks advancing and one declined. A total of 1,088,460 units, valued at $4,588,567 changed hands. The market ended with 7 stocks closing at new 52 weeks’ high.
Only 2 securities ended with no bids to buy and 10 had no stocks being offered for sale, an indication of chronic supply shortage of junior market stocks. A total of 7 stocks closed with bids higher than the last traded prices and 3 closed with lower offers.
In trading, Blue Power gained 80 cents in closing at $13.80, with 4,200 units trading. Caribbean Cream ended with 20,000 shares changing hands, at a new 52 weeks’ high of $4.60, to gain 10 cents, Caribbean Flavours traded 87,075 units to end at a new 52 weeks’ high of $4.85, after rising 5 cents, Caribbean Producers traded 79,902 units at $3.05. Consolidated Bakeries rose 10 cents to end at $1.90, with 40,742 units changing hands. Derrimon Trading gained 20 cents, to end with 5,000 shares changing hands at a 52 weeks’ high of $3.20, Dolphin Cove had 26,300 shares changing hands at $13.50, for a rise of 50 cents at a 52 weeks’ high. General Accident Insurance traded only 200 units at $2. The stock ended with an offer at $1.97, to sell 20,000 shares, Honey Bun closed with a mere 454 shares changing hands, to end 8 cents higher at a 52 weeks’ high $5.28, Jamaican Teas rose 5 cents with 33,810 shares trading, to close at $3.90.JM - Trade 10-11-15 KLE Group ended with 1,515 units trading at 45 cents, Lasco Distributors closed with 367,050 shares changing hands with a loss of 43 cents to $4.07, Lasco Financial closed with an increase of 20 cents at a new 52 weeks’ closing high of $3.20 with a total of 219,943 shares changing hands after trading as high as $3.40, Lasco Manufacturing rose 6 cents to end at $3.96 with 196,769 shares changing hands at a new 52 weeks’ high and Derrimon Trading preference share ended with 400 shares changing hands at $2.20.

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 JSE int 10-11-15index 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

JMMB Group Shares  rose on TTSE to 50c.

JMMB Group Shares rose on TTSE to 50c.

Trading remained subdued on the Trinidad and Tobago Stock Exchange on Monday, ending with 10 securities trading. The market closed with 5 stock closing higher, only 1 declining and 4 remaining unchanged as 296,811 shares changing hands for a value of $3,850,824.
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. TTSE 9-11-15Trinidad 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.

Juniors at a new high of 1,564 points

Caribbean Flavours traded at a 52 weeks' high of $4.80, being 1 of 4 JM stocks to do so.

Caribbean Flavours traded at a 52 weeks’ high of $4.80, being 1 of 4 JM stocks to do so.

The junior market rose 51.72 to end at 1,564.31 points on Monday as 10 securities were active with 7 stocks advancing and none declined. A total of 1,795,342 units, valued at $7,877,738 changed hands. The market ended with 4 stocks closing at new 52 weeks’ high and 1 at 52 weeks’ intraday high.
Three (3) securities ended with no bids to buy and 10 had no stocks being offered for sale. A total of 6 stocks closed with bids higher than the last traded prices and none closed with a lower offer.
In trading, Caribbean Cream ended with 17,500 shares changing hands at a new 52 weeks’ high of $4.50 to gain 15 cents, Caribbean Flavours traded 144,722 units to end at a new 52 weeks’ high of $4.80, after rising 20 cents, Caribbean Producers traded 102,848 units at $3.05.JM - Trade 9-11-15 Consolidated Bakeries rose 15 cents to end at $1.80, with 45,000 units changing hands, Dolphin Cove had 150,150 shares changing hands at $13 after trading as high as $13.50. Jamaican Teas rose 5 cents with 74,015 shares trading, to close at $3.85, KLE Group ended with 6,250 units trading at 45 cents, Lasco Distributors closed with 88,950 shares changing hands with a gain of 50 cents to $4.50, for a new all-time closing high. Lasco Financial closed with an increase of 5 cents at a new 52 weeks’ closing high of $3 with a total of 540,380 shares changing hands and Lasco Manufacturing rose 30 cents to end at $3.90 with 625,527 shares changing hands.

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, JSE int 9-11-15the 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

100bill 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.FX sum 9-11-15 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. FX hl 9-11-15The 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.

Juniors close above 1,500 – first time

The junior market index closed above 1,500 points on Friday & could be heading for over 2,000 mark but not just yet.

The junior market index closed above 1,500 points on Friday & could be heading for over 2,000 mark but not just yet.

The junior market crossed over the 1,400 mark on Wednesday and closed with a rise of 20.35 at 1,512.59 points on Friday. The junior market gained 12 percent for this week as the index grew by 187.64 points and brings the total gains to 120 percent for the year against all stocks on the market rising 79 percent based on the combined index.
The junior market ended trading in 14 securities as 5 stocks advanced and 4 declined. A total of 3,259,403 units, valued at $12,418,302 changed hands. The market ended with 3 stocks closing at new 52 weeks’ high and 1 at 52 weeks’ intraday high. Three (3) securities ended with no bids to buy and 9 had no stocks being offered for sale. A total of 5 stocks closed with bids higher than the last traded prices and 1 closed with a lower offer.
In trading, AMG Packaging closed at $5 with 1,710 units changing hands, Blue Power closed at $13 with 11,908 units trading, Caribbean Cream ended with 102,200 shares changing hands at a new 52 weeks’ high of $4.35 to gain 40 cents, Caribbean Flavours traded 1,218,881 units to end at a new 52 weeks’ high of $4.60. Consolidated Bakeries fell 30 cents to end at $1.65, with 233,930 units changing hands, Derrimon Trading ended with 10,000 shares trading at $3, Dolphin Cove had 7,800 shares changing hands at $13 after rising 50 cents, JM - Trade 6-11-15General Accident gained 10 cents with 4,000 shares trading, in closing at $2, Honey Bun ended with 84,605 units changing hands at $5.20. Jamaican Teas fell 10 cents with 109,490 shares trading, to close at $3.80, KLE Group ended with 15,000 units trading at 45 cents, Lasco Distributors closed with 171,484 shares changing hands with a gain of 45 cents to $4, for a new all-time closing high. Lasco Financial closed with an increase of 15 cents at a new 52 weeks’ high $2.95 with a total of 731,001 shares changing hands and Lasco Manufacturing fell 10 cents to end at $3.80 with 557,394 shares changing hands.