JSE still down with 40 minutes to go
June 8, 2015 by
4 stocks rose 2 fell in early trading
June 8, 2015 by
The Jamaica Stock Exchange started off the week on a slow note after half an hour 
of trading, with the prices of 4 stocks rising and 2 declining from 15 securities that traded. The junior market index is up marginally and the main market indices slipped moderately but just over 100 points as Scotia Group fell.
More buying than selling on Friday
June 5, 2015 by
Purchase of all currencies by dealers exceeded the amounts sold by US$5 million, leading to mixed movement in the rates on Friday. Dealers bought the equivalent of US$36,853,492 compared with US$27,853,500, on Thursday while they sold the equivalent of US$31,821,560 versus US$27,599,875 previously, as the Jamaican dollar lost value slightly against the US dollar and gained against the Pound and the Canadian dollar at the end of trading.
In US dollar trading, dealers bought US$34,602,528 compared to US$24,983,582 on Thursday. The buying rate for the US dollar rose 17 cents to $115.78 and US$30,415,132 was sold versus US$26,239,211 on Thursday, the selling rate rose 6 cents to $116.22. 
The Canadian dollar buying rate fell 35 cents to $90.47 with dealers buying C$751,914 and selling C$491,296, at an average rate that declined 43 cents to $93.05. The rate for buying the British Pound fell 23 cents to $175.13 for the purchase of £1,021,985, while £561,834 was sold, at an average rate that eased 4 cents to $178.24. At the end of trading it took J$131.05 to purchase the Euro, 23 cents more than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.48 for 38 cents more Thursday’s rate. Other currencies bought, amounted to the equivalent of US$117,543, while the equivalent of US$151,438, was sold.
Highs & Lows| The highest buying rate for the US dollar rose 5 cents to $116.40, the lowest buying rate dropped $5.42 to $89.77, the highest selling rate remained unchanged at $121.98, but the lowest selling rate climbed $2.09 to $97.07. 
The highest buying rate for the Canadian dollar rose 5 cents to $93.10, the lowest buying and the highest selling rates were unchanged at $73.87 and $95.23 respectively and the lowest selling rate climbed 70 cents to $90. The highest buying rate for the British Pound, rose 55 cents to $179, the lowest buying rate closed unchanged at $143.18, the highest selling rate declined 42 cents to $181.30 with the lowest selling rate rising 20 cents to $172.50.
Ansa McAl trades $13.4M on TTSE
June 5, 2015 by
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Ansa McAl tradeds amount to TT$13.4
At the close of the market, the Composite Index rose 0.31 points to close at 1,159.46, the All T&T Index gained 69 points to close at 1,970.53 and the Cross Listed Index fell by a mere 0.01 points to end at 45.71.
Gains| Stocks increasing in price at the close are, Clico Investment Fund with 2,150 units trading and advancing 5 cents, to $22.55, Massy Holdings trading 47,875 shares valued at $3,081,215, to close higher by 11 cents, at $64.36. Sagicor Financial Corporation trading 13,700 units at $6.05, after inching up 1 cent and Trinidad Cement ending the day 6 cents up, at $2.86 with 1,082,946 shares changing hands, for a value of $3,096,347.
Declines| Grace Kennedy fell 2 cents to end the day at $3.53 while trading only 400 shares and was the only stock declining at the end of trading.Firm Trades| Stocks closing with prices unchanged at the close of trading are, ANSA McAL with 200,250 shares changing hands and carrying a value of $13,428,765 closed at $67.06, First Citizens Bank trading 3,275 shares to close at $35.80. JMMB Group with 21,354 shares trading, closed at 47 cents, National Flour with 9,502 shares trading, ended at $2, Point Lisas Industrial Port trading 100 shares valued at $3.81 and Prestige Holding trading 20 units at $9.90.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 1 stock with the bid higher than their last selling prices and 1 stock with a lower offer.
JSE struggles to break out
June 5, 2015 by
Buyers are willing to buy proven at a PE of 48, by far the highest in the market.
Trading in the market resulted in the prices of 10 stocks rising, 8 declining as 31 securities changed hands, ending in 4,581,896 units trading, valued at $24,655,549, in all market segments and 3 stocks closed a new 52 weeks’ high, in all market segments. The main market of the JSE Market Index lost 1,163.43 points to 98,088.54, theJSE All Jamaican Composite index fell 1,300.42 points to close at 108,575.56 and the JSE combined index dropped by 1,097.94 points to end at 100,748.95.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 12 stocks with bids higher than their last selling prices and just 2 with offers that were lower. The indications from pass comparisons with the next day actual performance suggests that the numbers of stocks likely to rise on the next trading day will be close to the number of higher bids but the negatives number could end being 2 to 4 times the above lower bids.In trading, Cable & Wireless continues to shed cents from the stock price as it traded 105,232 shares, to end at 43 cents 2 cents down. Caribbean Cement had just 10,000 shares trading, but it lost 20 cents to close at $4.80, Carreras had just 3,200 units changing hands at $1 higher to $51, Jamaica Stock Exchange had 15,850 units changing hands for 5 cents more to reach a new 52 weeks closing high of $5.05
as the board of the company meets on Monday coming, to declare a dividend. National Commercial Bank lost 60 cents while trading 131,412 units to end at $29, Sagicor Group finished with 25,900 shares to close at $12, Proven Investments traded a good volume of 368,945 shares to close at 21 US cents, but finished with the bid at US 22 cents for a hand full of shares. If the stock should trade at this level the valuation would be a PE ratio of 48 times ongoing earnings, well above any other stock on the exchange. Jamaica Money Market Brokers 7.25% preference share trading 1.8 million units and the 8.75% preference share ending with 999,225 shares.
Juniors slightly down on Friday
June 5, 2015 by
Lasco Financial closed at a new high of $1.91 on Friday
At the close of the market, there were 5 stocks with bids higher than their last selling prices and only 1 with a lower offer. The junior market ended with 2 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Cargo Handlers finishing with 34,202 units, to close 52 cents higher at a 52 weeks’ high of $23,
Caribbean Cream with 25,000 shares trading at $1.35. Caribbean Producers with 206,000 shares trading higher by 12 cents to $3, Derrimon Trading finished trading with 281,900 shares, 5 cents lower at $2.10, Lasco Distributors traded 118,850 shares, 6 cents lower to $1.65, Lasco Financial Services finished trading with 252,000 units, the price gained 5 cents, to close at a new all-time high of $1.91 and just 100 Lasco Manufacturing’s shares changed hands, 5 cents higher to $1.43.
Slow market continues
June 5, 2015 by
The slow start to the Jamaica Stock market continues with just 30 minutes of 
trading left. The main market indices that have been swinging up and down now seem set to close out the week on a down note with the all Jamaica Composite Index now at 108,726.90 and is down by 1149.08 points the junior market slipped 1.34 points to 911.32.
A total of 27 securities have traded with a volume of 3.7 million units with JMMB 7.25% preference share trading 1.8 million units and the 8.75% share ending with 999,225 shares. . 5 stocks are up and 8 are down.
Limited early morning trading
June 5, 2015 by
Trading was subdued in the first half an hour of opening on the Jamaica Stock 
Exchange on Friday but the main indices were all down with the all Jamaica Composite Index now at 108,889.07 and is down by 986.91 points, the junior market slipped 0.89 points to 911.77.
14 securities have so far traded amounting to 1.94 million units.
J$ rose slightly vs US$ on Thursday
June 4, 2015 by
Purchase of all currencies by dealers, amounted to the equivalent of US$27,853,500 on Thursday compared with US$23,652,668, on Wednesday. Dealers sold the equivalent of US$27,599,875 versus US$30,343,409 previously, as the Jamaican dollar rose slightly against the US dollar and the Pound but gained versus the Canadian dollar at the end of trading.
In US dollar trading, dealers bought US$24,983,582 compared to US$21,643,631 on Wednesday. The buying rate for the US dollar rose 18 cents at $115.61 and US$26,239,211 was sold versus US$27,817,822 on Wednesday, the selling rate rose 4 cents to $116.16. 
The Canadian dollar buying rate fell 2 cents to $90.82 with dealers buying C$850,408 and selling C$576,443, at an average rate that declined 34 cents to $93.48. The rate for buying the British Pound gained 63 cents to $175.34 for the purchase of £1,399,062, while £522,216, was sold, at an average rate that climbed 50 cents to $178.28. At the end of trading it took J$130.82 to purchase the Euro, $1.59 more than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.09 for $1.45 more Wednesday’s rate. Other currencies bought, amounted to the equivalent of US$79,944, while the equivalent of US$95,2536, was sold.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying and the highest selling rates remained unchanged $116.35, $95.19 and $121.98 respectively but the lowest selling rate fell $18.32 to $94.98. 
The highest buying rate for the Canadian dollar fell 45 cents to $93.05, the lowest selling rate rose 71 cents to $73.87, the highest selling rate declined 97 cents to $95.23 and the lowest selling rate remained unchanged at $89.30. The highest buying rate for the British Pound, rose 9 cents to $178.45, the lowest buying rate closed at $143.18, up 30 cents, the highest selling rate declined $2.48 to $181.72 with the lowest selling rate dropping $1.50 to $172.30.
JSE records gains as 12 stock rose
June 4, 2015 by
JSE closed at a new high on Thursday of $5
The JSE Market Index rose by 850.14 points to 99,251.97,
the JSE All Jamaican Composite index rose 950.23 points to close at 109,875.98 and the JSE combined index gained 909.48 points to end at 101,846.89.IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 11 stocks with bids higher than their last selling prices and 4 with offers that were lower.
After two hours of trading on Thursday there was heavy trading in a number of stocks. The big trades for the day are Caribbean Cement with 4,504,011 shares to close at $4.80, the vast majority traded at $5. Carreras traded 528,878 units to end at $50, Jamaica Broilers with 3,019,120 shares changing hands, closed at $5.50, Scotia Group traded 1,103,300 shares with the price closing unchanged at $25.50 as Scotia Investment bought most of those to trade. Supreme Ventures had 8,559,749 shares traded to end at $3.50, down 25 cents and Jamaica Money Market Brokers 7.50% preference share traded 836,000 units with a gain of 19 cents to end at $2.30.
Elsewhere in the market, Jamaica Stock Exchange traded 21,150 units to end with a gain
of 20 cents to a new closing high of $5. National Commercial Bank with 248,135 shares closed at $29.60 to end with a 5 cents gain, Pan Jamaican Investment traded 5,678 shares to close 3 cents higher at a new 52 weeks high of $60.55, Pulse Investments traded 300,000 units at 45 cents, to gain 9 cents for a new 52 weeks high. Sagicor Group had 388,585 shares trading to close at $12, Sagicor Real Estate Fund traded 418,797 shares at $7.60, up 50 cents on the day, Scotia Investments exchanged 20,028 shares to close at $26.28 and Proven Investments traded 146,255 shares at 21 US cents.
