Lasco Financial Services traded at a new all- time high of $1.61 in trading 250,000 shares at $1.61, two days after Mayberry bough 20 percent of the company after the company reported profits of 15.5 cents per share for the year to March. The Jamaica Stock Exchange had 20 securities trading at 11 on Thursday accounting for 1 million units. The All Jamaican composite Index is up 86.28 points 108,220.83, the JSE index is at 97,771.17.18 gained 77.19 points and the junior market rose 4.64 to 873.36 so far 9 stocks recorded gains versus 4 that are down. There were 4 securities traded in the junior market and 16 in the main and US dollar market
In trading, Barita Investments traded 75,000 at $2.41, Gleaner Company closed up 14 cents as 10,011 changed hands at $1.10, Jamaica Stock Exchange is trading at a new all-time high of $3.65 with 10,000 units, Mayberry Investments trades with 50,300 at $3, followed by Sagicor Real Estate X Fund with 202,000 shares at $7.51, Proven Investments with 18,320 units as the price rose to 20.99 US cents and Jamaica Money Market Brokers 8.75% preference shares with 289,776 units at $3.02.
J$ makes gains on Wednesday
Purchase of all currencies by dealers, amounted to the equivalent of US$34,384,758 on Wednesday compared with US$37,791,833, on Tuesday and selling, the equivalent of US$41,745,870 versus sale of US$47,446,182, previously as the Jamaican gained in trading.
In US dollar trading, dealers bought US$30,900,997 compared to US$33,833,409 on Tuesday. The buying rate for the US dollar rose 15 cents to $115.60 and US$39,876,181 was sold versus US$44,463,077 on Tuesday, the selling rate was unchanged at $116.11. The Canadian dollar buying rate dropped 21 cents to $91.14 with dealers buying C$922,677 and selling C$677,514, at an average rate that fell 75 cents to $93.05. The rate for buying the British Pound fell $1.23 to $175.61 for the purchase of £1,295,130, while £463,591, was sold, at an average rate that slipped $2.06 to $177.82. At the end of trading it took J$126.54 to purchase the Euro, $1.45 less than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$123.92 for a fall of $1.79 on Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$788,872, while the equivalent of US$616,774, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 70 cent to $117. The lowest buying rate dropped $1.41 to $89.69, but the highest selling rate was unchanged at $121.71 and the lowest selling rate jumped $18.32 to $113.30. The highest buying rate for the Canadian dollar fell 90 cents to $93.30. The lowest buying rate declined $1.12 to $74.20, the highest selling rate lost 60 cents to $96.50 and the lowest selling rate fell $1.10 to $89.40. The highest buying rate for the British Pound, declined $1.06 to $179.14, the lowest buying rate closed at $143.30, down $1.33, the highest selling rate dropped $1.71 to $184.74 with the lowest selling rate falling $1.35 to $172.65.
Lasco Financial at new high
Lasco Financial closed at a new 52 weeks’ high of $1.50, the day after Mayberry bough their holdings in the company to 20 percent. At the close, Lasco Financial had no stocks on offer while there were 20,000 units on the bid at $1.25. The Junior Market ended with 11 securities trading resulting in 1,986,233 units changing hands valued at $2,961,054. The JSE Junior Market Index gained 12.29 points to close at 868.72, with the price of 4 stocks advancing and 4 declining.
At the close of the market, there were 4 stocks with bids higher than their last selling prices and only 1 with a lower offer. The junior market ended with 3 securities closing with no bids to buy and 10 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial Services trading just 749 shares to close with the price unchanged at $17. AMG Packaging ending with 1,200 shares changing hands, 6 cents lower, at $3.19, Blue Power closed with 14,796 shares trading at $9.50, Caribbean Cream finished with 380,000 units to close with a gain of 2 cents at $1.10. Caribbean Producers with 1,000 shares trading closed lower by 1 cent at $2.99. Dolphin Cove finished trading with 6,434 units as the price remained unchanged at $10, General Accident Insurance concluded trading with 24,934 shares changing hands, 6 cents lower at $2.04, KLE Group traded at a new low of 75 cents while dropping 24 cents, with 100,000 units trading. Lasco Distributors traded 300,268 units at $1.60 to gain 5 cents, Lasco Financial Services traded 1,119,279 shares at a new 52 weeks’ high of $1.50, to gain 20 cents and Lasco Manufacturing traded 37,573 units with a gain of 2 cents to $1.27.
Only 2 stocks gained 4 declined
Trading on the Trinidad Stock Exchange ended with 11 securities changing hands, 2 advanced, 5 declined and 4 traded firm with a total of 243,198 units, valued at $2,634,888.
At the close, the Composite Index lost 0.23 points to end at 1,161.33, the All T&T Index rose fell by just 0.12 points to 1,969.81 and the Cross Listed Index fell by a mere 0.05 points to end at 46.30.
Gains| Stocks increasing in price at the close are, Massy Holdings gaining 5 cents to end at $64.10 while trading 3,262 shares valued at $209,094 and Scotiabank trading 1,542 shares to close with a gain of 1 cent at $62.53.
Declines| The stocks declining at the end of trading are, First Citizens Bank trading 1,987 units to close at $35.80, after losing 1 cent, Guardian Holdings with 35,420 shares trading, valued at $501,218, lost 5 cents to close at $14.15, JMMB Group with 100,000 shares changing hands, closed 1 cent lower at 53 cents. Prestige Holdings with 9,615 shares trading, closed down 1 cent at $9.91 and Republic Bank with 2,300 shares changing hands for a value of $264,477, declined 1 cent to close at a new 52 weeks’ low of $114.99.
Firm Trades| Stocks closing with prices unchanged, at the end of trading are, Clico Investment Fund with 52,907 shares valued at $1,193,053, the price remained at $22.55. Firstcaribbean International Bank contributed 25,000 shares to close at $5, while, National Commercial Bank added 9,784 shares to close at $1.75 and Sagicor Financial Corporation traded 1,381 shares to close at $6.02.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator shows 6 stocks with the bid higher than their last selling prices and only 1 with a lower offer.
JSE Market post gains
The Jamaica Stock Exchange had 30 securities trading at 11:35 on Wednesday accounting for 1.99 million units. The All Jamaican composite Index is up 929.28 points 108,844.98, the JSE index is at 98,329.41 gained 831.17points and the junior market rose 12.93 to 869.36. so far 12 stocks recorded gains versus 8 that are down.In trading, Hardware & Lumber traded 30,000 units at $12, up $1.75, Supreme Ventures lost 45 cents to $3.50 with 47,700 units changing hands, K.L.E. Group traded at a new low of 75 cents while dropping 24 cents with 100,000 units trading Lasco Distributors traded 300,000 units at $1.60 to gain 5 cents, Lasco Financial Services have so far traded 794,279 shares at a new 52 weeks’ high of $1.50 to gain 20 cents and Lasco Manufacturing traded 31,463 units with a gain of 3 cents to $1.28.
J$ makes gains on Tuesday
Purchase of all currencies by dealers after the labour day holiday, amounted to the equivalent of US$37,791,833 on Tuesday compared with US$46,758,067, on Friday and selling, the equivalent of US$47,446,182 versus sale of US$40,993,978, previously.
In US dollar trading, dealers bought US$33,833,409 compared to US$44,452,045 on Friday. The buying rate for the US dollar fell 33 cents to $115.45 and US$44,463,077 was sold versus US$39,857,108 on Friday, the selling rate increased by 1 cent to $116.11.
The Canadian dollar buying rate dropped $1.25 to $91.35 with dealers buying C$1,028,480 and selling C$554,891, at an average rate that fell $1.19 to $93.78. The rate for buying the British Pound fell $1.17 to $176.84 for the purchase of £1,952,202, while £1,426,205, was sold, at an average rate that slipped 90 cents to $179.88. At the end of trading it took J$127.99 to purchase the Euro, $1.16 less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$125.72 for a fall of $1.02 on Friday’s rate. Other currencies bought, amounted to the equivalent of US$154,318, while the equivalent of US$325,559, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 1 cent to $116.30. The lowest buying, dropped $3.88 to $91.10, but the highest and the lowest selling rates were unchanged at $121.71 and $94.98 respectively. The highest buying rate for the Canadian dollar fell $1.60 to $94.20. The lowest buying rate remained at $75.32, the highest selling rate lost $1.60 to $97.10 and the lowest selling rate fell 25 cents to $90.50. The highest buying rate for the British Pound, declined $2.31 to $180.20, the lowest buying rate closed unchanged at $144.63, the highest selling rate climbed $1.43 to $186.45 with the lowest selling rate falling 25 cents to $174.
Markets fell as more stocks decline than rise
TheJSE Market Index lost 996.20 points to 97,498.24, theJSE All Jamaican Composite index fell/ decline/ rose 923.95 points to close at 107,915.70 and the JSE combined index dropped 1,138.33 points to end at 99,681.18.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 9 stocks with bids higher than their last selling prices and 6 with offers that were lower.
In trading, Cable & Wireless ended with 1,940,000 units trading between 47 cents and the last price of 50 cents to gain 3 cents, Caribbean Cement closed with 5,400 shares at $4.01, down 34 cents, Desnoes & Geddes finished trading with 69,899 shares at $7.36 after adding a cent to the price, Gleaner saw trading in 102,913 shares to close with 7 cents gains at $1.07, Grace Kennedy closed with just 7,843 units changing hands at $63 to gain 25 cents, Jamaica Broilers finished trading with 23,138 shares while losing 25 cents to $5.25, JMMB Group concluded trading with 21,250 shares to close unchanged at $9. Mayberry Investments completed trading in 1,135,000 shares at $3 by gaining 15 cents at the end, National Commercial Bank had dealings in just 9,944 units to close down 8 cents at $29.52 at the same time the stock closed up in Trinidad at the equivalent of $31.50. Pan Jamaican Investment contributed 2,150 shares to close down by $1.66 at $58.59, Radio Jamaica gained 15 cents to end trading with 40,700 units at $2.75, for anew 52 weeks’ high. Sagicor Group closed with 1,471,642 shares at $12, after shedding 15 cents, Sagicor Real Estate Fund finished trading with 18,896 units at $7.50, for a 50 cents fall, Scotia Group ended trading with just 473 units to close at $25.35 after losing 15 cents. Seprod finished trading with 10,162 units at $18 to gain 50 cents, Supreme Ventures ended with 55,747 units at $3.95, up 35 cents. Trinidad Cement ended trading with 105 shares to close down by at $15, Proven Investments closed with 721,573 shares at 19 US cents, after losing 1.5 US cents. Jamaica Money Market Brokers 7.50% preference share finished trading with 350,000 units at $2.30 and Jamaica Money Market Brokers 8.75% preference share traded 199,000 shares at $3.02 and lost 3 cents.
6 stocks rise on TTSE
At the close of the market, the Composite Index rose 1.61 points to close at 1,161.56, the All T&T Index advanced by 0.53 points to close at 1,969.93 and the Cross Listed Index increased by a mere 0.36 points to end at 46.35.
Gains| Stocks increasing in price at the close are, Ansa McAl traded 2,300 shares and closed 1 cent higher at $67.06, First Citizens Bank traded 4,830 shares to close at $35.80 with a 1 cent increase, National Commercial Bank gained 7 cents to end at a new 52 weeks’ high of $1.75, while 11,716 shares changed hands. Massy Holdings traded 996 shares to close with a gain of 5 cents at $64.05, Sagicor Financial Corporation traded 3,158 shares and closed with a gain of 1 cent at $6.02 and Trinidad Cement with a volume of 15,137 shares traded, gained 5 cents to $2.80.
Declines| The only stock declining at the end of trading is, Firstcaribbean International Bank with 32,828 shares changing hands for a value of $164,166 and declined 3 cents to end the day at $5.
Firm Trades| Only one stock closed with the price unchanged at the end of trading as Guardian Holdings added 10,299 shares valued at $146,246, to close at $14.20.
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 2 stocks with offers that were lower.