The main market of the Jamaica Stock Exchange, gave up about a third of the gains of Monday, when the main market indices surged sharply, with the all Jamaica composite rising over 2,000 points with the others just slightly below. At the close, there were 14 stocks rising, 11 declining with 26 securities totalling 2,430,349 units, valued at $25,713,681 changing hands, in all market segments. Three junior market stocks closed at new 52 weeks’ high.
The main market indices suffered declines with the JSE Market Index declining 613.31 points to 97,802.49, the JSE All Jamaican Composite index fell 685.42 points to 108,256.07 and the JSE combined index dropped 399.42 to end at 101,664.00 points.
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 13 stocks with bids higher than their last selling prices and 2 with offers that were lower.
In trading, Berger Paints ended with 27,354 shares trading 1 cent higher at $2.30, Cable and Wireless lost 3 cents with 15,118 shares changing hands to close at 50 cents, Carreras traded 188,871 shares to close 99 cents lower at $49. Desnoes & Geddes traded 80,135 shares to close at $7, after gaining 18 cents, Grace Kennedy traded only 1,000 shares at $64 but had no shares on offer, at the close, for the third day running. 
Jamaica Broilers closed at $6.09 with 46,300 shares changing ownership while gaining 29 cents. Mayberry Investments had 132,117 shares trading to close at $2.25 for a loss of 10 cents. National Commercial Bank had 41,975 units trading at the close at $29.01 for a $1.49 cents fall, Pan Jamaican traded 30,050 shares to close with a fall of 50 cents to $61. Radio Jamaica traded 68,016 shares with a 50 cents rise to end at $4, Sagicor Group with 272,875 shares trading, closed at $13, Scotia Group added 15 cents in ending at $23.90 while 265,275 shares traded and Scotia Investments gained $2.45 with 5,000 units changing hands to close at $27.45.
JSE down as 14 stocks rise 11 fall on Tuesday
Record close for juniors on Tuesday
Lasco Manufacturing New factory. The company’s stock closed at a new all-time high of $2.50 on Tuesday
At the close 4 securities ended with no bids to buy, while 8 had no stocks being offered for sale. A total of 4 stocks closed with bids higher than the last traded prices and none closed with a lower offer.
In trading, Access Financial lost 50 cents and closed at $12.50, with 1,000 units changing hands, Caribbean Cream traded to close at a new all-time high of $2.55 with 50,329 shares changing hands, after gaining 50 cents. Consolidated Bakeries rose 2 cents in trading >962,162 shares at $1.10, after adding 8 cents,
General Accident Insurance ended with 1,000 units changing hands at $1.55, in the process the stock gained 5 cents. Honey Bun closed at a new high of $5 for a gain of 72 cents with 7,600 shares trading, Jamaican Teas traded 46,043 shares to end with a loss of 2 cents at $3.20, Lasco Distributors with 80,390 units trading, ended 1 cent down to $1.96. Lasco Financial had only 500 shares changing hands to end at $1.80 and added 5 cents and Lasco Manufacturing traded 91,609 shares to end at a new high of $2.50 after gaining 29 cents.
Moderate fall for TTSE
Trading on the Trinidad & Tobago Stock Exchange on Tuesday ended with 15 securities trading, none closed trading higher, 2 declined and 13 remained unchanged as a total of 110,711 units traded, valued at $1,069,356.
At the close the Composite Index ending with a modest loss of 0.6 at 1,146.26, the All T&T Index lost 0.12 to 1,948.30 and the Cross Listed Index was unchanged at 45.16.
Losses| ANSA McAL contributed 7,002 shares in trading, to close at $67.03 after losing 2 cents and Guardian Holdings with 500 shares changing hands closed 1 cents lower at $13.11.
Firm Trades|, Angostura Holdings with 9,925 shares changing hands, closed at $14, Clico Investment Fund with 4,000 shares changing hands to closed at $22.50, First Citizens Bank traded 2,500 shares to close at $35, FirstCaribbean International Bank traded 20 shares and closed at $5. Grace Kennedy had 26,983 units changing hands at $3.60, Guardian Media traded 375 shares with the price ending at $19.77, 
National Flour ended trading with 8,000 shares changing hands and closed at $1.90, Praetorian Property Mutual Fund contributed 4,000 shares at $3.06. Sagicor Financial contributed 1,500 shares to end at $5.99, Republic Bank with 400 shares changing hands, closed at $112, Scotia Investments traded 35,100 shares and ended at $1.60, Trinidad Cement closed with 10,366 shares changing hands at $3.15 and Unilever Caribbean ended with 30 shares trading at $67.26.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and 5 stocks with offers that were lower.
JSE down in early Tuesday trading
Activity on the Jamaica Stock Exchange on Tuesday morning resulted in 17 securities trading changing hands at 11:15 am with a volume of 1,141,572 units, with 7 stocks declining and 10 rising.
Trading activity resulted in the JSE Market Index dropping 763.94 points to 97,651.86. The JSE All Jamaican Composite index fell 853.75 points to 108,087.74, the JSE combined index declined 709.64 points to be at 101,353.78 and the junior market is up 1.31 points to 1,025.34 and is not very far off from the all-time high of 1,040.59.
Consolidated Bakeries had 962,000 shares trading at $1.10, Lasco Distributors had 68,350 units trading at $2. Mayberry Investments had 29,617 units trading at $2.20 and lost 15 cents, National Commercial Bank fell $1.50 to $29 with 36,975 shares Radio Jamaica traded 68,016 shares with a 50 cents rise to $4 and Scotia Group traded 106,491shares at $23.51.
BOJ selling swells FX flows on Monday
BOJ sold US dollars into the system on Monday
In US dollar trading , dealers bought US$84,551,283 compared to US$23,410,069 on Friday. The buying rate for the US dollar rose 47 cent to $118.93 and US$81,821,341 was sold versus US$27,690,189 on Friday, the selling rate declined 1 cent to end at $119.23.
The Canadian dollar buying rate rose 74 cents to end at $87.81, with dealers buying C$1,393,777 and selling C$636,212, at an average rate that fell 41 cents to $90.18. The rate for buying the British Pound declined $1.39 to $177.12 for the purchase of £1,392,812, while £320,644 was sold, at an average rate that remained at $179.45. At the end of trading, it took J$134.45 to purchase the Euro, with a rise of 94 cents on Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.57, for a gain of 85 cents on Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$309,978 being bought, while US$163,604 was sold.Highs & Lows| The highest buying rate for the US dollar eased 7 cents on Monday to $119.45, the lowest buying rate slipped 9 cents to end at $97.61, the highest and lowest selling rates were unchanged at $125.19 and $97.69 respectively.
The highest buying rate for the Canadian dollar jumped $1.90 to $92, the lowest buying rate gained 37 cents to $71.42, the highest selling rate climbed $1.60 to end at $94.20 and the lowest selling rate fell $1 to $84. The highest buying rate for the British Pound, declined 65 cents to end at $180.55. The lowest buying rate leapt $13 to $141.20, the highest selling rate gained $1.65 to $187.30 and the lowest selling rate plummeted $12.50 to close at $162.30.
JSE main indices up sharply on Monday
The Jamaica Stock Exchange saw continued low trading activity on Monday, while the main market indices surged sharply with the all Jamaica composite rising over 2,000 points. At the close, there were 12 stocks rising, 9 declining with 25 securities totalling 1,997,084 units, valued at $8,313,166 changing hands, in all market segments.
The main market indices suffered declines with the JSE Market Index leapt 1,796.05 points to 98,415.80, the JSE All Jamaican Composite index surged 2,007.19 points to 108,941.49 and the JSE combined index jumped 1,755.12 to end at 102,063.42 points.
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 15 stocks with bids higher than their last selling prices and 4 with offers that were lower.
In trading, Berger Paints ended with 45,500 shares trading 1 cent down at $2.29, Cable and Wireless added 2 cents with 808,014 shares changing hands to close at 53 cents, Caribbean Cement traded 25,840 shares to close 1 cent higher at $8.01. Desnoes & Geddes traded 42,650 shares at to close at $6.82, after gaining 20 cents, Grace Kennedy did not trade but had no shares on offer, at the close, for the second day running. Jamaica Broilers traded at $5.80 with 13,951 shares changing ownership and dropping 1 cent. Jamaica Producers dropped $1 to end at $17 with only 10,000 units trading, Jamaica Stock Exchange traded 27,000 
shares in ending at $7.11, for a 19 cents fall, Mayberry Investments had 32,000 shares trading to close at $2.35, for a loss of 25 cents, at the close the stock was on offer at $2.20. National Commercial Bank had 30,500 units trading at the close at $30.50 for a 50 cents fall, Pan Jamaican traded 5,000 shares to close with a rise of 48 cents to $61.50. Sagicor Group with 32,000 shares trading, closed with a loss of 3 cents to end at $13, Scotia Group added 25 cents in ending at $23.75 while 149,247 shares traded and Proven Investments ordinary share close at 22 US cents after gaining 2.25 cents with 173,100 units changing hands.
Juniors gained modestly on Monday
Lasco products – demand for the company’s stock is rising & supply falling.
At the close 4 securities ended with no bids to buy, while 7 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, Access Financial closed at $13, with 3,533 units changing hands, Caribbean Cream did not trade, but had a bid above the last traded price of $2.05 on Friday, to buy 20,000 units at $2.35. Caribbean Flavours gained 15 cents in trading 1,666 units at $2.85, Caribbean Producers traded 11,184 units at $2.35, for a 5 cents gain, Consolidated Bakeries rose 2 cents in trading 3,333 shares at $1.02, General Accident Insurance ended with 2,011 units changing hands at $1.50, in the process the stock price lost 1 cent. Jamaican Teas traded 1,000 shares to end with a gain of 22 cents at $3.22,
KLE Group had 228,390 units trading, at a new low of 43 cents, after losing 7 cents. The stock remains weak at the close, with 287,274 units on offer at 43 cents and no buyers posting bids, Lasco Distributors with 187,793 units trading, ended with a gain of 2 cents to $1.97. Lasco Financial had 140,901 shares changing hands to end at $1.75 for a fall of 15 cents. Lasco Manufacturing did not trade and ended with an offer to sell 500,000 units at $3 and a bid to buy just 2,204 units at $2.30 which is above the last traded price on Friday of $2.21.
3 TTSE stocks down none up
Trading on the Trinidad & Tobago Stock Exchange on Monday ended with 10 securities trading, none closed trading higher, 3 declined and 7 remained unchanged as a total of 726,330 units traded, valued at $8,967,357.
At the close the Composite Index ending with a modest loss of 0.81 at 1,146.32, the All T&T Index lost 1.61 to 1,948.42 and the Cross Listed Index was unchanged at 45.16.
Losses| ANSA McAL contributed 760 shares in trading, to close at $67.05 after losing 21 cents, National Enterprises contributed 27,273 shares with a value of $460,803 while losing 6 cents to end at $16.89 for a 52 weeks’ low and National Flour ended trading with 13,770 shares changing hands and closed at $1.90, after shedding 8 cents.
Firm Trades| Ansa Merchant Bank traded 707 units at $38.94, Clico Investment Fund with 150 shares changing hands to closed at $22.50, 
First Citizens Bank traded 3,120 shares to close at $35, Flavorite Foods traded 700 shares at $4.80. JMMB Group closed with 324,827 shares changing hands at 43 cents, One Caribbean Media traded 351,292 shares with a value of $7,728,424 with the price ending at $22 and Republic Bank with 3,731 shares changing hands for a value of $417,872 closed at $112.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 6 stocks with offers that were lower.
JSE gains in early Monday trading
Activity on the Jamaica Stock Exchange on Monday morning continues to reflect moderate interest by investors, resulting in 17 securities trading changing hands at 11 am with a volume of 1,298,546 units, with 2 stocks declining and 6 rising.
Trading activity resulted in the JSE Market Index gaining 211.59 points to 96,831.34. The JSE All Jamaican Composite index rose 236.46 points to 107,170.76, the JSE combined index climbed 257.66 points to be at 100,565.96 and the junior market is up 6.49 points to 1,023.87 and is not very far off from the all-time high of 1,040.59.
Cable & Wireless last traded 799,014 shares at 51 cents, Desnoes & Geddes traded 27,650 shares at $7 after gaining 38 cents, KLE Group had 228,390 units trading at a new low of 43 cents and Lasco Distributors had 187,793 units trading at $1.97.
New high for junior market soon
The junior market seems set to hit a new record this coming week thus surpassing the record 1,040.59 points it closed at on 11th of August 2015. Any new record is not likely to be from a broad based rally but from a few selective securities. Since that peak the market retreated 9.3 percent to 943.44 on September 16.
The chart shows the market closing the week at resistance level, see red line. If it breaks through that level, it could move on to 1,200 points before any further level of major resistance is reached, see upward sloping black line. At that stage other junior stocks are likely to chip in.
On Friday, the junior market index jumped 31.29 points to close the week at 1,017.38 with Lasco Manufacturing hitting a new high of $2.40 before closing at $2.28 and Caribbean Cream jumping 30 cents to $2.05. Both companies have been in the new with expansion plants that is expected to 9increase revenues and cut cost. IC Insider’s earnings per share forecast for the current fiscal year ending March 2016, is 40 cents for Lasco and Caribbean Cream for the current fiscal year ending February 2016 is 78 cents per share. Demand is in for Caribbean Cream with selling moving to $3 by the close on Friday but with only 28,338 units, Lasco Manufacturing closed with just 17,200 shares on offer after it closed at a record high but has buy orders in 614,000 units at $2.15 and above and over 950,000 units at $2 and $2.10. Lasco Distributors is not as bullish with earnings per share forecast of 34 cents, as its manufacturing sister but has only 8,544 units on offer at $2.10 and 10,000 units at $2.15, buying is in at $1.88 and below.
