Trinidad and Tobago NGL traded on the Trinidad and Tobago Stock Exchange on Wednesday to close unchanged at $25 with 23,524 shares valued at $588,100, down sharply from the 7,645,914 shares valued at $191,137,391 changing hands on Tuesday. The stock closed with a bid of $24 to buy 10,776 shares with 12,313 units on offer at $24.98
Activity elsewhere on the Stock Exchange, on Wednesday ended with 9 securities trading. At the close, there was 1 stock closing higher, 3 declined and 5 remaining unchanged as a total of 395,045 units traded, valued at $1,770,230.
At the close the Composite Index ending with a fall of 0.04 points at 1,152.50, the All T&T Index gained 0.26 points to 1,958.33 and the Cross Listed Index is down 0.04 to 45.48.
Gains| Trinidad Cement had 28,650 units changing hands at $3.20 with a rise of 4 cents to close at a new 52 weeks’ high.
Losses| Angostura Holdings had 8,237 shares changing hands with the price shedding 1 cent to close at $14, JMMB Group lost 1 cent in trading 300,000 units and closed at 42 cents and First Citizens Bank traded 3,226 shares and closed 1 cent lower at $35.
Firm Trades| Clico Investment Fund closed with 25,600 shares valued at $576,104 changing hands, to end at $22.51, Grace Kennedy traded 2,500 units to close at $3.60, National Enterprises closed with 1,216 shares trading for $16.72 and Scotiabank ended with 2,092 shares trading to end at $62.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than the last selling price and 6 stocks with offers that were lower.
Moderate trading on TTSE
Jamaica dollar slips on Wednesday
Trading of foreign currency in the forex market on Wednesday, saw the US dollar selling rate rising against the Jamaican dollar and the pound and Canadian dollar declining versus the local currency. The equivalent of US$38,513,726 was bought by dealers, compared with US$48,785,985 on Tuesday, while they sold the equivalent of US$43,034,863 versus US$39,217,475 previously.
In US dollar trading , dealers bought US$35,208,960 compared to US$45,101,656 on Tuesday. The buying rate for the US dollar rose 14 cents to $119.14 and US$41,144,885 was sold versus US$36,870,724 on Tuesday, the selling rate gained 9 cents to $119.66. 
The Canadian dollar buying rate advanced by 10 cents to end at $89.83 with dealers buying C$993,642 and selling C$815,037, at an average rate that dipped $2.26 cents to $90.54. The rate for buying the British Pound climbed 71 cents to $182.15 for the purchase of £1,581,355, while £680,911 was sold, at an average rate that declined 15 cents to $183.55. At the end of trading, it took J$135.62 to purchase the Euro, with a fall of 44 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$132.96 for a fall of 33 cents on Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$146,307 being bought, while US$228,782 was sold.
Highs & Lows| The highest buying rate for the US dollar ended with a gain of $1.10 at $121, but the lowest buying rate ended 5 cents higher at $98.20, highest selling rate advanced 5 cents to $125.83 and lowest selling rate rose 4 cents to $98.19.
The highest buying rate for the Canadian dollar fell $1.10 to $91.80, the lowest buying rate declined by 9 cents to end at $73.66, the highest selling rate lost 11 cents to end at $94.96 and the lowest selling rate gained 60 cents to end at $87.70. The highest buying rate for the British Pound, fell $1.65 to end at $184.85. The lowest buying rate rose 16 cents to $148.90, the highest selling rate rose 22 cents to $191.96 and the lowest selling rate remained at $177.50.
7 juniors stocks rose 2 fell
The junior market ended with 11 securities traded as the junior market index fell 3.83 points to 1,281.95 with 1,300,792 units, valued at $14,184,687, changing hands as 7 stocks advanced and 2 declined.
The market ended with 5 securities ended with no bids to buy, while 2 had no stocks being offered for sale. A total of 7 stocks closed with bids higher than the last traded prices and 1 closed with a lower offer.
In trading, Caribbean Cream price slipped 33 cents and closed at $2.90 with 120,000 shares changing hands. Caribbean Flavours traded at $3.50 with 19,392 shares changing hands, Caribbean Producers traded 414,000 units to end at $2.99, Consolidated Bakeries rose 10 cents in traded 59,878 shares, to end at $1.30. General Accident Insurance ended with 127,562 shares changing hands to gain 5 cents and end at $1.90,
KLE Group had 116,279 units changing hands at 43 cents, Knutsford Express traded 132,617 shares at $6.20 after adding 5 cents to end at a new 52 weeks’ high, Lasco Distributors with 10,763 shares changing hands, closing 3 cents higher at $2.86. Lasco Financial closed at a new all-time closing high of $2.60 while 147,651 shares changed hands with the price rising 10 cents, the stock traded at $2.65 during the day, Lasco Manufacturing traded 147,651 shares to end at $3.49 after trading 14 cents higher and Medical Disposables closed at $2.55 with a rise of 20 cents with 10,000 shares traded.
Jamaica dollar rose vs US on Tuesday
Trading of foreign currency into the forex market on Tuesday, had the US dollar selling rate ground falling against the Jamaican dollar and the pound and Canadian dollar rising versus the local currency. The equivalent of US$48,785,985 was bought by dealers, compared with US$28,906,392 on Friday, while they sold the equivalent of US$39,217,475 versus US$23,735,150 previously.
In US dollar trading , dealers bought US$45,101,656 compared to US$25,241,490 on Friday. The buying rate for the US dollar rose 6 cents to $119 and US$36,870,724 was sold versus US$22,798,959 on Friday, the selling rate fell 2 cents to $119.57. 
The Canadian dollar buying rate declined 57 cents to end at $89.73 with dealers buying C$1,388,271 and selling C$1,587,771, at an average rate that rose 54 cents to $92.80. The rate for buying the British Pound fell 21 cents to $181.44 for the purchase of £1,644,669, while £660,786 was sold, at an average rate that gained $2.20 to $183.70. At the end of trading, it took J$136.06 to purchase the Euro, with a fall of 12 cents from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$133.29 for a fall of 53 cents on Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$141,716 being bought, while US$99,228 was sold.
Highs & Lows| The highest buying and highest selling rates for the US dollar ended unchanged at $119.90 and $125.78 respectively, but the lowest buying rate ended 4 cents higher at $98.15 and lowest selling rate jumped sharply by $9.20 to $98.15.
The highest buying rate for the Canadian dollar fell 84 cents to $92.90, the lowest buying rate remained at $73.75, the highest selling rate added 24 cents to end at $95.07 and the lowest selling rate dropped 90 cents to $87.10. The highest buying rate for the British Pound, climbed $2 to end at $186.50. The lowest buying rate was unchanged at $148.74, the highest selling rate rose $2.68 to $191.74 and the lowest selling rate closed $1 higher to end at $177.50.
7 new highs as JSE moves higher on Tuesday
The Jamaica Stock Exchange closed on Tuesday with the All Jamaican Index is now 4,000 points away from the old record 138,917.59 reached on 24th of January 2005. By the close 7 stocks ended trading at 52 weeks’ closing highs. A total of 14 stocks rose, with 10 declining as 31 securities, totaling 3,337,233 units valued at $31,552,287 changing hands, in all market segments.
JSE Market Index shot up 1,073.37 points to 121,665.93, the JSE All Jamaican Composite index gained 1,199.55 to end at 134,924.82 and the JSE combined index jumped 1,219.53 points to end at a new high of 126,352.28.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice offer indicator had a reading of 15 stocks with bids higher than their last selling prices and 3 with offers that were lower.
In trading, Cable and Wireless closed with a gain of 4 cents as 276,100 shares changed hands to end at 55 cents, Caribbean Cement gained 1 cent to end at $12.01 for a new 52 weeks’ closing high, with 12,669 shares changing hands. Desnoes & Geddes had 317,100 units changing hands, to close at $30, Gleaner traded 29,300 shares at $1.72 with a loss of 1 cent, Hardware & Lumber exchanged 12,651 shares at $17.10 to gain $2.09,
Jamaica Broilers fell of 46 cents in trading 318,500 shares to close at $7.54. Jamaica Stock Exchange had 32,622 shares trading at $8.60, JMMB Group traded 33,950 shares to close at $9, National Commercial Bank closed with a loss of 49 cents with 6,444 shares trading, to end at $31.50. Pan Jamaican traded just 1,539 shares at $65, to gain $2.49 for a 52 weeks’ closing high, Sagicor Group with 9,000 shares, closed 49 cents lower at $14.01, Sagicor Real Estate Fund with 135,265 shares, closed 51 cents up to $8.01, Scotia Group ended with 310,000 shares trading at $24.51 after shedding 69 cents. Seprod traded 2,621 shares at $14.50 with a 50 cents loss, Proven Investments ordinary share traded 240,268 units with a gain of 1 cent, to end at 23 US cents, Supreme Ventures ended at $3.75 with 42,015 units and JMMB Group 7.50% preference share exchanged 500,000 units at $2.
Another new record close for juniors
Caribbean Flavours traded at a 52 weeks’ high of $3.50.
The junior market ended at a new record high at the close, with 13 securities traded and the junior market index rising by 23.09 points to 1,285.78 with 1,356,689 units, valued at $3,717,777 changing hands while 7 stocks advanced and 3 declined.
The market ended with 5 securities closing with no bids to buy, while 4 had no stocks being offered for sale. A total of 8 stocks closed with bids higher than the last traded prices and 1 closed with a lower offer.
In trading, AMG Packaging closed with a loss of 8 cents with 26,909 units changing hands at $3.80 at the end of trading, Cargo Handlers ended with 712 shares changing hands, for a gain of $1 and closed at a new all-time high of $32, Caribbean Cream price slipped 7 cents and closed at $3.23 with 75,719 shares changing hands. Caribbean Flavours traded at a new 52 weeks’ high of $3.50 with 23,708 shares as the price rose 20 cents, Caribbean Producers traded 7,100 units to end at $3, Consolidated Bakeries rose 2 cents in traded 173,007 shares, to end at $1.20. Derrimon Trading ended with 335 shares changing hands to gain 3 cents and end at $2.33, Honey Bun had 10,222 units changing hands at $4, for an increase of 35 cents. Jamaican Teas had just 7,175 shares changing hands at $3.35, Knutsford Express traded 5,000 shares at $6.15 after adding 15 cents for a new all-time high, Lasco Distributors with 66,215 shares changing hands, closed at $2.83. Lasco Financial closed at a new all-time high of $2.50 while 549,875 shares changed hands with the price rising 24 cents and Lasco Manufacturing traded 410,712 shares to end at $3.35 after trading shedding 10 cents.
T&TNGL climbs $2 on TTSE
Trinidad and Tobago NGL traded on the Trinidad and Tobago Stock Exchange on Tuesday and gained TT$2 to close at a new high of $25 with 7,645,914 shares valued at $191,137,391 changing hands. The stock closed with a bid of $24 to buy 422 shares with 21,663 on offer at $25.
Activity elsewhere on the Stock Exchange, on Tuesday ended with 11 securities trading. At the close, there was just 4 stocks closing higher,1 declined and 5 remained unchanged as a total of 7,755,051 units traded, valued at $192,821,409.
At the close the Composite Index ending with a rise of 2.39 points at 1,152.54, the All T&T Index gained 4.74 points to 1,958.07 and the Cross Listed Index was unchanged at 45.52.
Gains| Angostura Holdings had 598 shares changing hands with the price gaining 1 cent to close at $14.01. Ansa Merchant Bank traded 200 units to close 1 cent higher at $38.95, Clico Investment Fund closed with 59,746 shares valued at $1,344,882 changing hands to end at $22.51, after gaining 1 cent and First Citizens Bank traded 1,636 shares and closed 1 cent higher at $35.01.
Losses| Guardian Holdings lost 1 cents in trading 10,0001 shares and closed at $13.12.
Firm Trades| JMMB Group traded 21,276 units and closed at 43 cents, Republic Bank closed with 459 shares trading for $112, Scotiabank ended with 19 shares trading to end at $62.50. West Indian Tobacco traded just 200 shares to close at $126 and Trinidad Cement had 15,000 units changing hands at $3.16.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower.
Strong gains for JSE Tuesday morning
The Jamaica stock market after 90 minutes of trading, recorded marked increases in the indices on Tuesday morning, with the main market indices at new intraday high except the All Jamaica Index. Trading resulted in 27 securities changing hands with a volume of 1,487,849 units as 10 stocks gained and 8 declined.
The All Jamaican Composite index jumped 1,414.98 points to 135,140.25 JSE Market Index rose 1,286.13 points to 121,858.69, the JSE combined index rose 1,379.37 points to be at 126,5212.12 and the junior market index rose 20.60 points to 1,283.29.
In trading, Hardware & Lumber exchanged 12,651 shares at $17.10 to gain $2.09, Scotia Group had 210,000 shares trading at $25.70, JMMB Group 7.50% preference share exchanged 500,000 units at $2, Caribbean Cream had 71,219 units changing hands at $3.30, Caribbean Flavours traded at a new high of $3.50 with 20,000 shares and Lasco Manufacturing 233,792 shares traded at $3.40.
Newly listed T&TNGL rules on TTSE
The Class B Shares of Trinidad and Tobago NGL Limited was listed on the Trinidad and Tobago Stock Exchange on Monday and gained TT$3 to close at $23 from the offering for sale price of $20. The company saw trading in 18,000 shares valued at $414,000. The stock closed with a bid of $23 to buy 362,287 shares with none on offer, a good sign that the price is headed higher with a PE ratio of less than 10 times this year’s earnings.
The company generated an operating profit of US$15 million for the March quarter of 2015, a fall of 65.5 percent compared to the 2014 quarter. Earnings per share based on the annualised first quarter results, is 25 TT cents. A total of 75.8 million out of 116,100,000 issued shares, were offered to the public to raise $1.5 billion for the government of Trinidad and Tobago.
Activity elsewhere on the Stock Exchange, on Monday ended with 11 securities trading. At the close, there was just 1 stock closing higher, declined and 9 remained unchanged as a total of 33,337 units traded, valued at $651,432. At the close the Composite Index ending with a rise of 3.57 points at 1,150.15, the All T&T Index gained 7.08 to 1,953.33 and the Cross Listed Index was unchanged at 45.52.
Losses| Clico Investment Fund closed with 800 shares changing hands to end at $22.50, after falling 1 cent.
Firm Trades| First Citizens Bank traded 2,851 shares and closed at $35, Flavorite Foods contributed 2,200 shares in trading, to close at $4.80, Grace Kennedy had 2,502 units changing hands at $3.60, 
Guardian Holdings with 4,986 shares trading, closed at $13.13. Guardian Media traded 888 shares with the price remaining at $19.76, Massy Holdings traded 50 shares with the price ending at $62.46, Republic Bank closed with 28 shares trading for $112, Sagicor Financial Corporation closed with 950 shares changing hands, to end at $6 and Scotiabank ended with 82 shares trading to end at $62.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower.
