Stock Market — Page 947

9 stocks rose 12 declined on JSE

May 21, 2015 by IC Insider.com

Pan Jam closed at $60 after gaining $1.19

Activity on the Jamaica Stock Exchange, resulted in the prices of 9 stocks rising, 12 declining as 28 securities changed hands, ending in 1,649,208 units trading, valued at $11,833,234, in all market segments.
The JSE Market Index gained 112.16 points to 98,382.51, theJSE All Jamaican Composite index rose 125.41 points to end at 108,714.51 and the JSE combined index declined by 12.53 points to close at 100,575.43.
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 13 with offers that were lower. 7 of the lower offers are in the junior market and 2 are preference shares, an indication that main market ordinary

shares strength remains fairly intact at this stage and may be one reason the main market indices, recorded gains at the end of trading.
Trading included Berger Paints trading 5,000 shares to close with a loss of 40 cents at $2.60, Cable & Wireless ended with 438,117 shares at 46 cents, for a gain of 1 cent, Caribbean Cement slipped 4 cents with 48,850 shares trading, to close at $4.55, Carreras closed with 92,083 units trading at $49, by dropping $1. Desnoes & Geddes lost 44 cents in trading 5,000 shares in closing at $7.26, Grace Kennedy gained 35 cents with 9,905 units changing hands in closing at $62.50. Jamaica Stock Exchange slipped 15 cents with 43,700 shares trading at $3.35, JMMB Group had 73,345 shares trading with a gain of 44 cents to $8.89,

Margaritaville (Turks) ended with 100,000 shares trading at 10 US cents, Mayberry Investments traded just 1,020 units but lost 15 cents to end at $2.85. National Commercial Bank traded unchanged with 25,000 units at $30, Pan Jamaican traded only 1,700 shares to end with a gain of $1.19 at $60, Proven Investments closed with 17,700 units to gain almost a cent to 20.48 US cents. Radio Jamaica traded 50,000 shares unchanged at $2.58, Sagicor Group gained 50 cents in trading 135,347 units to close at $12, Scotia Group gained 36 cents with 2,190 shares trading, to end at $25.32. Scotia Investments traded only 176 units in gaining 35 cents to $25.85, Seprod lost 50 cents in trading 5,000 units at $17.50 and Supreme Ventures lost 30 cents with 10,727 units changing hands at $3.60.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Desnoes & Geddes, Grace Kennedy, JMMB Group, Margaritaville, Mayberry, National Commercial Bank, Pan Jamaican, Proven Investments, Radio Jamaica, Sagicor Group, Scotia Group, Scotia Investments, Seprod, Supreme Ventures

Junior market set to slip more

May 21, 2015 by IC Insider.com

Caribbean Cream was the only stock to rise on Thursday

Trading on the Junior Market closed with only 7 securities trading, and ended with a mere 565,971 units changing hands valued at $949,659. The JSE Junior Market Index declined 12.70 points to close at 863.14, with the price of only 1 stock advancing and 3 declining with no stock closing at 52 weeks’ high.
The market seems set to fall on Friday with several stocks closing with lower asking prices than the last selling prices. At the close of the market, there were 3 stocks with bids higher than their last selling prices and 7 with lower offers. The junior market ended with 3 securities closing with no bids to buy 6 securities that had no stocks being offered for sale.

Stocks trading in the junior market are, Caribbean Cream finishing with 8,500 units to close with a gain of 1 cent at $1.20 but ended with the offer at $1.15, to sell 130,000 units. Caribbean Producers with 93891 shares trading, closed lower by 15 cents at $3, Consolidated Bakeries finished trading with 3,334 shares to closed unchanged at $2.04, General Accident Insurance concluded trading with 2,000 shares changing hands to close 7 cents lower at $2. Lasco Distributors traded 219,108 shares at $1.65, Lasco Financial Services finished trading with 181,412 units at $1.31. There was dealing in 57,726 Lasco Manufacturing’s shares as the stock traded lower by 7 cent to $1.30.

Filed Under: JSE Junior Market, Stock Market Tagged With: Caribbean Producers, Consolidated Bakeries, General Accident Insurance, junior market, Kremi, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing, Purity

Ansa Mcal TT$20M trade dominates

May 21, 2015 by IC Insider.com

Trading on the Trinidad Stock Exchange closed with 9 securities changing hands of which 4 advanced, only 2 declined and 3 traded firm with a total of 619,796 units, valued at $21,385,138.
At the close of the market, the Composite Index rose 0.76 points to close at 1,160.25, the All T&T Index fell 0.08 points to close at 1,969.34 and the Cross Listed Index increased by 0.22 points to end at 46.08.
Gains| Stocks increasing in price at the close are, ANSA McAL closing with 300,000 shares changing hands for a value of $20,112,000, the price gained 2 cents to $64.04, National Commercial Bank gaining 3 cents to end at a new 52 weeks’ high of $1.68 after trading 2,000 shares. Sagicor Financial Corporation traded 1,000 shares to close with a gain of 1 cent at $6.01 and West Indian Tobacco traded 514 shares to close 1 cents higher at $125.28.
Declines|The stocks declining at the end of trading are, Massy Holdings traded 2,362 shares to close with the loss of 1 cent at $64 and Trinidad Cement with a volume of 263,622 shares being traded for $725,128 but lost 2 cents to close at $2.75.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Firstcaribbean International Bank added 10,450 shares to closed unchanged at $5.03, First Citizens Bank traded 2,556 shares to close at $35.80 and Flavorite Foods contributed 37,292 shares with a value of $179,001,to close unchanged at $4.80.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator shows 3 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Mcal, First Citizens Bank, Firstcaribbean International Bank, Flavorite Foods, Massy Holdings, National Commercial Bank, Sagicor Financial Corporation, Trinidad Cement, West Indian Tobacco

FX demand rises J$ falters Wednesday

May 20, 2015 by IC Insider.com

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Demand for foreign currency climbed on Wednesday with US$43 million being purchased by the public and resulted in a slight decline for the Jamaican dollar against all the three main currencies the Jamaican dollar usually trades against. The purchase of all currencies by dealers amounted to the equivalent of US$40,851,340 compared with US$25,499,013, on Tuesday and selling, the equivalent of US$44,427,944 versus sale of US$29,260,764, previously.
In US dollar trading, dealers bought US$38,957,982 compared to US$24,763,312 on Tuesday. The buying rate for the US dollar rose 18 cents to $115.72 and US$42,974,812 was sold versus US$23,550,793 on Tuesday, the selling rate increased by 3 cents to $116.11. The Canadian dollar buying rate declined 88 cents to $92.36 with dealers buying C$466,971 and selling C$524,583, at an average rate that rose 38 cents to $95.25. The rate for buying the British Pound fell 59 cents to $177.87 for the purchase of £931,844, while £623,692, was sold, at an average rate that rose 5 cents to $179.87. At the end of trading it took J$129.17 to purchase the Euro, $2.78 less than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.64 for a fall of $3 on Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$88,288, while the equivalent of US$56,655, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 8 cents to $116.30. The lowest buying, the highest and the lowest selling rates were unchanged at $94.98, $121.71 and $94.77 respectively. The highest buying rate for the Canadian dollar fell 50 cents to $94.80. The lowest buying rate was down 67 cents to $75.36, the highest selling rate slipped $1.10 to $98 and the lowest selling rate rose 70 cents to $92. The highest buying rate for the British Pound, declined $1.50 to $180.30, the lowest buying rate dropped $1.45 to $144.63, the highest selling rate climbed $2.30 to $186.45 with the lowest selling rate being unchanged at $175.50.

Filed Under: FX Market, Stock Market Tagged With: BOJ, British Pound, Canadian dollar, Daily Trading, FX Market, J$ vs euro, Jamaica dollar, US Dollar

20 stock gained 8 declined on JSE

May 20, 2015 by IC Insider.com

Berger closed at a 52 weeks’ high of $3 on Wednesday

Wednesday was another day of more stocks rising than falling, on the Jamaica Stock Exchange but the indices fell, with the number of stocks rising, smashing those declining 20 to 8. AT the end, 35 securities changed hands, with 7 of the stocks with gains ended at 52 weeks’ high at the close. The market closed with 4,856,849 units trading, valued at $34,575,790, in all market segments.
The JSE Market Index lost just 78.06 points to 98,270.35, the JSE All Jamaican Composite index declined 87.29 points to close at 108,589.10 and the JSE combined index dropped by 142.03 points to close at 100,587.96.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows stocks with bids higher than their last selling prices and with offers that were lower.

The stocks trading in the main market at new 52 weeks’ high, are, Berger Paints, Caribbean Cement, Desnoes & Geddes, Jamaica Broilers, Jamaica Producers, and Sagicor Real Estate Fund.
In trading, Berger Paints traded between $2.58 and the closing price of $3 with 80,658 shares and ended with an increase of 45 cents, Cable & Wireless had 806,875 shares trading between 42 cents and 47 cents, to close at 45 cents, with a loss of 2 cents from Tuesday’s last price. Caribbean Cement traded 1,477,569 shares between $5.50 and the final price of $5.30 to gain 30 cents, Carreras traded just 2,871 units with a gain of $1 to close at $50. Desnoes & Geddes traded 197,238 shares at $7.70 at the end, by putting on 45 cents. Grace Kennedy posted 25,988 units but lost $1.40, to end at $62.15. Jamaica Broilers put through 136,039 units and closed at $5.50, 1 cents higher than on Tuesday.

Jamaica Producers traded at $20 with a gain of $1.45 with 3,303 shares changing hands, JMMB Group lost $1.04 in trading 81,226 shares at $8.45, Mayberry Investments had 280,022 shares changing hands at $3.10 after trading at $2.85 and added 10 cents at the close. National Commercial Bank had 136,390 units with all trading at $30. Sagicor Group closed at $11.50 with 820,961 shares trading 49 cents down at the close, Sagicor Real Estate Fund had 5,880 units trading at a new high of $8 to gain 80 cents. Scotia Group traded 104,903 shares at $25.01, Proven Investments 93,007 shares at 19.5 US cents as the price slipped 1 US cent, Jamaica Money Market Brokers 7.50% preference share traded 145,200 units at $2.40 and Jamaica Money Market Brokers 8.75% preference share traded 199,980 units at 3.05.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, C&WJ, Caribbean Cement, Carreras, D&G, Grace Kennedy, Jamaica Broilers, Jamaica Producers, JMMB, Mayberry, NCB, Proven, Sagicor, Scotia

6 stocks up on paltry volume

May 20, 2015 by IC Insider.com

Scotia sheds 47 cents on Wednesday on TTSE

Trading on the Trinidad Stock Exchange ended moderately with 10 securities changing hands of which 6 advanced, 2 declined and 2 traded firm with a total of only 40,158 units, valued at $891,371 crossing the exchange system.
At the close of the market, the Composite Index lost 0.76 points to close at 1,159.49, the All T&T Index fell by just 1.52 points to close at 1,969.42 and the Cross Listed Index remained at 45.86.
Gains| Stocks increasing in price at the close are, Ansa Merchant Bank while adding 1,000 shares, gained 1 cent in closing at $38.92, Clico Investment Fund with 1,285 shares gained 1 cent, to end the day at $22.51. Guardian Holdings with 16,854 shares changing hands, for a value of $239,301, gained a cent, in closing at $14.20, followed by Massy Holdings trading 638 shares, to close with a gain of 1 cent, at $64.01. Trinidad Cement that traded 88 shares to close with a gain of 2 cents at $2.77 and West Indian Tobacco had 148 shares trading and gained 2 cents to close at $125.27.

Declines|First Citizens Bank traded 7,017 shares with a value of $251,209 to close $35.80, down 1 cent and Scotiabank declined at the end of trading with the price shedding 47 cents to end at $62.53 while trading just 69 shares.
Firm Trades|Stocks closing with prices unchanged at the end of trading are, Agostini’s with a volume of 12,611 shares being traded for a value of $217,540, closed at $17.25 and Republic Bank traded 448 shares at $115.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator shows 7 stocks with the bid higher than their last selling prices and 1 stock with a lower offer.

Filed Under: Stock Market, TTSE Market Tagged With: Agostini's, clico, First Citizens, Guardian Holdings, Massy Holdings, Republic Bank, Scotia, Trinidad Cement, TTSE, West Indian Tobacco

9 stocks rose on junior martket

May 20, 2015 by IC Insider.com

A fall in the price of dolphin cove helped pull the junior market index south

Trading closed on the Junior Market with 13 securities trading and ended with 237,584 units changing hands valued at $516,478. The JSE Junior Market Index declined 7.38 points to close at 875.84, with the price of 9 stocks advancing and 3 declining and just one closing at 52 weeks’ high. At the end a number of the stocks closed with offers that were lower than the last sale price.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 8 with lower offers. The junior market ended with only 2 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial ending with 3,540 shares changing hands, to close lower by 2 cents at $17, Caribbean Cream closed with 100 shares trading at $1.19 to gain 14 cents, but ended with an offer of 120,000 shares at $1.10. Caribbean Flavours finished trading with 15,774 units to close with a gain of 24 cents at $2.10, Caribbean Producers with 28,511 shares trading, ended higher by 15 cents to a 52 weeks’ high of $3.15, but had an offer of 18,000 units at $3.

Consolidated Bakeries traded unchanged at $1, with just 1,045 shares, Derrimon Trading finished with 38,000 shares changing hands and gained 15 cents to $2.15, Dolphin Cove had just 1,398 units changing hands at $10 while losing 75 cents, General Accident Insurance concluded trading with 6,507 shares changing hands, to close 17 cents higher at $2.17. Lasco Distributors traded 21,609 shares, 10 cent higher, at $1.65, Lasco Financial Services finished trading with 60,200 units, the price rose just 1 cent, to $1.31. There was dealing in 22,900 shares of Lasco Manufacturing as the stock traded lower by 3 cents to $1.37, Medical Disposables contributed 34,000 shares with the price rising 10 cents, to $1.90 and Paramount Trading ended trading with 4,000 shares to end with an increase of 4 cents at $3.76.

Filed Under: JSE Junior Market, Stock Market Tagged With: Caribbean Flavours, Caribbean Producers (CPJ), Consolidated Bakeries, Derrimon Trading, General Accident, Jamaican Stock, Lasco, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing, Medical Disposables & Supplies, Paramount Trading

JSE softens 7 up 8 down

May 20, 2015 by IC Insider.com

The all Jamaican Composite Index slipped 173.68 points to be 108,502.71 at 11:30am and the JSE Index fell 149.08 points to 98,199.33 but the junior market index is up 1.47 to 884.69. A total of 22 securities traded with 1.64 million units changing hands as seven stocks rose and 8 declined. Only 4 stocks traded in the junior market so far with small volumes.
Trading in the main market has resulted in a number of ne w52 weeks’ high, these include Berger at $2.60, Desnoes & Geddes at $7.50, Jamaica Broilers at $5.50, Jamaica Producers at $20 and Sagicor Real Estate Fund at $8.

Filed Under: JSE Main Market, Stock Market

Rally maybe going on holiday

May 19, 2015 by IC Insider.com

Jamaica Broilers closed at a new 52 weeks high on Tuesday

In the first hour and a half of trading Tuesday, on the Jamaica Stock Exchange, the all Jamaican Composite Index was once more over the 110,000 market. It gained 322.01 points to 110,048.85 and the JSE Index was at 99,578.98, with a gain of 288.02 points.
By the end of trading, the market gave up all the gains and much more as the market continues to struggle to move away from the resistance level which it crossed over recently. The JSE Market Index lost 939.55 points to 98,348.41, the JSE All Jamaican Composite index fell 1,050.45 points to 108,676.39 and the JSE combined index dropped 1,010.08 points to close at 100,729.99.
Activity, resulted in the prices of 10 stocks rising, 12 declining as 35 securities changed hands, ending in 9,192,775 units trading, valued at $92,864,773, in all market segments. Only three new highs were recorded in the overall market, with Jamaica Broilers ended at $5.49 and Jamaica Stock Exchange at $3.55 as new 52 weeks closing highs in the main market.

IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 10 stocks with bids higher than their last selling prices and 3 with offers that are lower.
In trading, Berger Paints as it traded at $2.55 with 14,650 shares, but there is a strong bid at $2.55 to buy 123,873 shares. Cable & Wireless had 306,000 shares trading at 47 cents, Caribbean Cement traded 292,100 units to close at $5, Carreras traded 211,982 shares to close at $49, Gleaner posted 322,432 units to end at $1, Grace Kennedy gained 5 cents to close at $63.55 with 45,627 units, the stock traded at $65 during the trading session. Jamaica Stock Exchange put through 83,000 units and ended at $3.55, JMMB Group lost 51 cents in trading 219,760 shares at $9.49, at the close. National Commercial Bank had 113,179 units trading between $29.50 and $30.20, the closing price, as 20 cents was added.

Sagicor Group traded down to $11 during the day but ended up with a decline of 1 cent at $11.99, at the end with 5,150,556 shares, changing hands. Mayberry sold more than 3.5 million units mostly at $11 from their inventory and Sagicor Investments was another major buying and selling broker of the stock. Scotia Group put on 70 cents to $26 with 8,794 units trading, Seprod had 136,611 units changing hands at $18.50, and Supreme Ventures traded 116,465 shares between $3.89 and $3.95 but ended at $3.90 and Proven Investments slipped by half of a cent in trading 61,517 units at 20.5 US cents.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, BOJ, C&WJ, Caribbean Cement, Carreras, D&G, Gleaner, Grace Kennedy, Jamaica Broilers, JMMB, JSE Company, Mayberry, NCB, Proven, Sagicor, Sagicor Investments, Seprod, Supreme Ventures

J$ gains as demand falls

May 19, 2015 by IC Insider.com

Demand for foreign currency declined on Tuesday with only US$25.5 million being purchased by the public. The large trades on Monday seemed to have satisfied end users and resulted in a slight gain for the Jamaican dollar against all the three main currencies. The purchase of all currencies by dealers amounted to the equivalent of US$25,499,013 compared with US$81,922,835, on Monday and selling of the equivalent of US$29,260,764 versus sale of US$75,530,417, previously.
In US dollar trading, dealers bought US$24,763,312 compared to US$79,149,402 on Monday. The buying rate for the US dollar fell 28 cents to $115.54 and US$23,550,793 was sold versus US$73,608,891 on Monday, the selling rate declined by 2 cents to $116.08. The Canadian dollar buying rate rose 7 cents to $93.24 with dealers buying C$965,604 and selling C$513,384, at an average rate that declined $1.59 to $94.87. The rate for buying the British Pound fell 40 cents to $178.46 for the purchase of £2,342,104, while £870,233, was sold, at an average rate that slipped $2.38 to $179.82. At the end of trading it took J$131.94 to purchase the Euro, 89 cents less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.65 for an fall of 60 cents on Monday’s rate. Other currencies bought, amounted to the equivalent of US$100,864, while the equivalent of US$180,509, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 6 cents to $116.22. The lowest buying rate jumped $2.68 to $94.98, the highest selling rate remained unchanged at $121.71, while the lowest selling rate fell 21 cents to $94.77. The highest buying rate for the Canadian dollar fell $1 to $95.30. The lowest buying rate was down 37 cents to $76.03, the highest selling rate slipped 14 cents to $99.10 and the lowest selling rate fell 75 cents to $91.30. The highest buying rate for the British Pound, declined 70 cents to $181.80, the lowest buying rate dropped 62 cents to $146.08, the highest selling rate dived $4.97 to $184.15 with the lowest selling rate gaining $1.20 at $175.50.