The Jamaica dollar continues it relentless ride to the 120 mark with it being less than 60 cents Jamaica away, on Friday with trading ending with big rise in the amounts changing hands. The equivalent of US$46,945,905 was bought by dealers, compared with US$26,599,436 on Thursday, while they sold the equivalent of US$41,528,759 versus US$24,162,219 previously.
In US dollar trading , dealers bought US$44,372,877 compared to US$24,360,712 on Thursday. The buying rate for the US dollar climbed 30 cents to $118.98 and US$40,477,427 was sold versus US$23,208,561 on Thursday, the selling rate rose 7 cents to $119.42. The Canadian dollar buying rate climbed 75 cents to end at $89.24, with dealers buying C$923,513 and selling C$530,477, at an average rate that rose 43 cents to $91.09. The rate for buying the British Pound gained 53 cents to $178.92 for the purchase of £1,034,546, while £268,867 was sold, at an average rate that eased 33 cents to $180.20. At the end of trading, it took J$134.59 to purchase the Euro, with a rise of 51 cents from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.83, for a gain of 55 cents from Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$324,565 being bought, while US$240,989 was sold.
Highs & Lows| The highest buying rate for the US dollar gained 10 cents on Friday to end at $119.75, the lowest buying rate ended 13 cents higher at $97.95, the highest selling added 5 cents to close at $125.51 and the lowest selling rate dipped 40 cents to end at $116. The highest buying rate for the Canadian dollar slipped 19 cents to $93.66, the lowest buying rate rose 83 cents to be at $72.63, the highest selling rate fell 79 cents to end at $94.06 and the lowest selling rate was unchanged $87.50. The highest buying rate for the British Pound, fell 10 cents to end at $182.70. The lowest buying rate eased 4 cents to $146.91, the highest selling rate rose 1 cent to $186.90 and the lowest selling rate climbed $2.60 to close at $176.50.
Oh so close but not there yet
2 stocks rise 5 fall on TTSE
Trading on the Trinidad & Tobago Stock Exchange on Friday ended with 15 securities trading, 2 closing higher, 4 declined and 9 remained unchanged as a total of 167,198 units traded, valued at $2,414,835.
At the close the Composite Index ending with a modest rise 0.04 at 1,147.33, the All T&T Index fell 0.10 to 1,948.45 and the Cross Listed Index gained 0.03 to close at 45.43.
Gain| Clico Investment Fund closed 1 cent higher with 3,827 shares changing hands at $22.51 and National Commercial Bank gained 1 cent to land at $1.68 with 20,573 shares changing hands.
Losses| JMMB Group ended with 61,448 shares changing hands at 42 cents, with a loss of 1 cent, National Flour with 1,000 shares trading, shaved 2 cents off the old price to land at $1.96. L.J. Williams B share, closed with a 2 cents loss of 2 cents down to 97 cents, with 1,986 shares trading and West Indian Tobacco closed at $126 with 2,480 shares trading, valued at $312,496 and lost 1 cent.
Firm Trades| ANSA McAL contributed 7,997 shares valued at $536,039 in closing at $67.03, First Citizens Bank traded 4,021 shares and closed at $35, Grace Kennedy had 30 units changing hands at $3.60. Guardian Holdings with 20,577 shares valued at $269,970 changing hands, closed at $13.12, Massy Holdings ended with 4,000 shares changing hands at $62.48. One Caribbean Media traded 19,852 shares valued at $436,744 to end at $22, Point Lisas traded 73 shares to close at $3.96, Scotiabank closed with 4,334 shares changing hands unchanged at $62.50 and valued at $270,875 and Trinidad Cement closed at $3.15 with 15,000 shares changing hands
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than the last selling price and 5 stocks with offers that were lower.
Huge jump in JSE with D&G at $13
The prices of stocks jumped sharply in the Friday morning session as Desnoes and Geddes jumped $5.07 to trade at $13.177 with 29,094,581 shares trading. National Commercial Bank traded at a new 52 weeks’ high of $33, Caribbean Cement shot up to $9 with 281,375 shares, Cable & Wireless traded up to 55 cents and Jamaica Producers traded 196,137 shares at $18.50.
The junior market is also participating in the rise with new highs recorded for Caribbean Cream with 233,000 shares trading at $3.30, Lasco Distributors trading 141,724 at $2.50, Lasco Manufacturing trading 113,500 shares at $3.20 and new 52 weeks’ high for Caribbean Flavours. Overall 20 securities have traded at 11 am with a volume of a mere 30,367,589 units, 15 stocks gained 1 declined.
Trading activity resulted in the JSE Market Index jumping 5.62 percent or 5,611.11 points to 105,383.18. The JSE All Jamaican Composite index rose 5.68 percent or 6,270.73 points to 116,727.92, the JSE combined index leaping 5,884.19 points to be at 109,900.19 and the junior market up 6.02 percent or 66.22 points to 1,165.52 for a new record.
2 stocks rise 3 fell on TTSE
Trading on the Trinidad & Tobago Stock Exchange on Thursday ended with 13 securities trading, 2 closing higher, 3 declined and 8 remained unchanged as a total of 166,171 units traded, valued at $2,627,229.
At the close the Composite Index ending with a modest fell 0.06 at 1,147.29, the All T&T Index gained 0.14 to 1,948.55 and the Cross Listed Index lost 0.04 to close at 45.40.
Gain| Berger Paints not trading for several months was finally active and gained 1 cent to land at $3.66 with only 10 shares changing hands and National Flour with 72,300 shares recovered 8 cents to land at $1.98.
Losses| Massy Holdings ended with 513 shares changing hands at $62.48 with a loss of 2 cents, Point Lisas traded 910 shares and fell 1 cent to close at $3.96 and Sagicor Financial loss 4 cents in trading 31,385 shares and closed at $5.95.
Firm Trades| ANSA McAL contributed 2,001 shares in trading, to close at $67.03, Clico Investment Fund closed with 29,350 shares valued at $660,375 changing hands at $22.50, First Citizens Bank traded 5,795 shares and closed at $35, FirstCaribbean International Bank traded 30 shares and closed at $5; Grace Kennedy had 3,450 units changing hands at $3.60. Guardian Holdings with 6,200 shares changing hands, closed at $13.12, Republic Bank closed at $112 with 5,680 shares trading, valued at $636,160 and Scotiabank closed with 8,547 shares changing hands unchanged at $62.50 valued at $534,160.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 1 stock with the bid higher than the last selling price and 4 stocks with offers that were lower.
Jamaican $ slippage continues Thursday
The Jamaica dollar continues it relentless ride to the 120 mark on Thursday with trading ending with the equivalent of US$26,599,436 bought by dealers, compared with US$32,289,465 on Wednesday, while they sold the equivalent of US$24,162,219 versus US$34,427,833 previously.
In US dollar trading , dealers bought US$24,360,712 compared to US$28,863,222 on Wednesday. The buying rate for the US dollar climbed 7 cents to $118.68 and US$23,208,561 was sold versus US$33,034,094 on Wednesday, the selling rate rose 3 cents to $119.35. The Canadian dollar buying rate fell 18 cents to end at $88.49, with dealers buying C$790,481 and selling C$459,950, at an average rate that rose 16 cents to $90.66. The rate for buying the British Pound fell 50 cents to $178.39 for the purchase of £928,508, while £330,961 was sold, at an average rate that eased 4 cents to $180.53. At the end of trading, it took J$134.08 to purchase the Euro, with a decline of 21 cents from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.28, for a fall of 10 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$253,631 being bought, while US$103,650 was sold.
Highs & Lows| The highest buying rate for the US dollar gained 10 cents on Thursday to end at $119.65, the lowest buying rate ended unchanged at $97.82, the highest selling added 11 cents to close at $125.46 and the lowest selling rate clawed back $18.71 to be at $116.40. The highest buying rate for the Canadian dollar climbed $2.55 to $93.85, the lowest buying rate remained at $71.80, the highest selling rate rose $1 to end at $94.85 and the lowest selling rate jumped $4 to $87.50. The highest buying rate for the British Pound, rose 60 cents to end at $182.80. The lowest buying rate rose $1.33 to $146.95, the highest selling rate dropped 84 cents to $186.89 and the lowest selling rate shed $2.10 to close at $173.90.
Junior market index jumps to new record of 1,105
The junior market index jumped to new record of 1,105.75 as investors buy up Lasco manufacturing at a new high of $2.95 and Lasco Distributors and Lasco Financial added 10 cents each. Investors attention is focused on some selective stocks currently with the J$31 offer proposed by Heineken to buy out all the minority shares in Desnoes & Geddes is the main focus, with the bid on the stock now at $13 and one offer at $28.
Elsewhere, trading National Commercial Bank traded 4,933,508 shares at $30, s Sagicor Investments sold the stock to First Global as the buying broker, with both sides on behalf of clients. Other trades of note are Cable & Wireless with 788,739 up to 53 cents, Carreras with 245,970 shares at $51, Lasco Financial Services with 135,279 units at $1.90.
Overall 17 securities have traded at 10.30 am with a volume of a mere 6,286,448 units, 2 stocks declined and 13 gained.
Trading activity resulted in the JSE Market Index 581.75 points to 99,654.44. The JSE All Jamaican Composite index rose 650.15points to 110,325.74, the JSE combined index 981.86 points to be at 103,962.84 and the junior market up 48.42 points to 1,105.75 for a new record.