J$ mostly stable on Tuesday

ForExBureaudeChange280x150 Purchase of all currencies by dealers, amounted to the equivalent of US$29,566,209 on Tuesday compared with US$47,377,158, on Monday. Dealers sold the equivalent of US$34,947,602 versus US$47,123,153 previously, as the Jamaican was fairly stable at the end of trading.
In US dollar trading, dealers bought US$24,221,951 compared to US$43,312,675 on Monday. The buying rate for the US dollar fell 5 cents at $115.53 and US$32,246,014 was sold versus US$44,182,307 on Monday, the selling rate fell 1 cent to $116.12. FX sum 2-6-15The Canadian dollar buying rate rose 4 cents to $91.43 with dealers buying C$1,356,807 and selling C$890,766, at an average rate that inched down 20 cents to $92.82. The rate for buying the British Pound climbed 1.95 to $175.89 for the purchase of £2,293,954, while £899,414, was sold, at an average rate that climbed 86 cents to $177.13. At the end of trading it took J$126.55 to purchase the Euro, 76 cents less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$124.06 for 82 cents down from Monday’s rate. Other currencies bought, amounted to the equivalent of US$777,967, while the equivalent of US$617,682, was sold.
Highs & Lows| The highest buying rate for the US dollar, remained unchanged at $116.30, the lowest buying rate dropped $5.63 to $89.35, the highest selling rates rose 27 cents to and $121.98. FX hl 2-6-15The lowest selling rate jumped $18.32 to $113.30. The highest buying rate for the Canadian dollar rose 15 cents to $93.65. The lowest buying rate fell 17 cents to $73.70, the highest selling rate rose 30 cents to $96.50 and the lowest selling rate fell 20 cents to $88.80. The highest buying rate for the British Pound, climbed 30 cents to $178.80, the lowest buying rate closed at $142.01, down 50 cents, the highest selling rate fell 92 cents to $182.80 with the lowest selling rate diving $6.70 to $165.

16 junior stocks traded 9 up 2 down

Caribbean Cream traded over 700,000 shares and closed at a new all time high on Tuesday

Caribbean Cream traded over 700,000 shares and closed at a new all time high on Tuesday

Trading on the Junior Market was one of the busiest for sometime with 16 securities trading resulting in 1,938,775 units changing hands valued at $1,312,464. The JSE Junior Market Index gained 17.19 points to close at 888.47, with the price of 9 stocks advancing, 2 declining and Caribbean Cream, Cargo Handlers and Derrimon Trading preference stock closing at new a 52 weeks’ high, Lasco Financial traded at an intra-day high.
At the close, there were 5 stocks with bids higher than their last selling prices and none with lower offers. The junior market ended with 3 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, Access Financial trading 500 shares to close at $17, AMG Packaging ending with 800 shares changing hands to close higher by 1 cent at $3.20, Blue Power closed with 6,350 shares trading at $9.50, Cargo Handlers finishing with 205,972 units, closed at a new high of $22.29, after gaining a cent. Caribbean Cream traded 703,034 units to end at $1.25 to gain 10 cents, Caribbean Flavours closed trading with 8,581 shares but lost 5 cents to end at $2, Caribbean Producers with 59,329 shares traded unchanged at $2.80, General Accident Insurance concluded trading with 30,000 shares changing hands to close 10 cents Higher at $2. Honey Bun traded 11,973 units at $2.69 after adding 7 cents. JM 2-6-15Jamaican Teas had 10,000 shares changing hands at $3.50, Lasco Distributors traded 62,000 to close 6 cents higher at $1.66, Lasco Financial Services finished trading with 622,000 units, between $1.60 and $1.71 but the price lost 2 cents to $1.65. There was dealing in 201,993 shares of Lasco Manufacturing, the stock closed with an 11 cents rise to $1.40, Paramount Trading ended with just 2,543 units changing hands to gain 15 cents to $3.95, Derrimon Trading 11.75% preference share saw trading in just 900 units with a 25 cents gain to $2.50 and Eppley 9.5% preference share had 12,800 units trading at $6.01.

15 stocks rose 10 declined on JSE

JSE traded at a new all-time high of $4.80 to record a gain of 220% for the year to date

JSE traded at a new all-time high of $4.80 to record a gain of 220% for the year to date

Activity on the Jamaica Stock Exchange, resulted in the prices of 15 stocks rising, 10 declining as 42 securities changed hands, ending in 5,509,275 units trading, valued at $30,879,690, in all market segments.
TheJSE Market Index lost 484.92 points to 99,189.54, theJSE All Jamaican Composite index fell 542.01 points to close at 11109,806.20 and the JSE combined index gained 850.26 points to end at 101,568.60.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 14 stocks with bids higher than their last selling prices and 3 with offers that were lower.
Market activity saw, Cable & Wireless ending with 1,359,285 shares to close at 48 cents, after losing 2 cents but the stock traded as low as 45 cents after the company reported a huge $9 billion loss including an exceptional charge of $7 billion, after trading closed on Monday. JSE sum 2-6-15 Caribbean Cement had 70,900 shares trading at $5.10, to record a gain of 10 cents. Carreras traded of $51.50 and lost 50 cents but with just 6,272 shares, Desnoes & Geddes had 38,161 units changing hands at $7.50, for a loss of 5 cents, Hardware & Lumber traded 72,196 shares between a new intra-day high of $19 and the closing price of $18, Jamaica Broilers traded 206,666 units to close at $5.25 with a 30 cents loss. Jamaica Stock Exchange traded 5,000 units at a new high of $4.80 after gaining 30 cents. JMMB Group gained 5 cents, with 14,350 shares to close at $8.50. Mayberry Investments traded 183,599 units at $3.09, as the price slipped by 1 cent, JSE clse 2-6-15 National Commercial Bank traded 24,497 shares at $29.90 and lost 9 cents, Radio Jamaica traded 100,000 shares to remain unchanged at $3. Sagicor Group had 344,180 units trading 5 cents higher to end at $12.05, the company Real Estate Fund ended with 18,186 units trading down by 8 cents at $7.50. Scotia Group traded 309,997 units at $25.30, Supreme Ventures added 117,357 shares at $3.80. Proven Investments had 40,900 changing hands at 20.99 US cents, Jamaica Money Market Brokers 7.50% preference shares closed with 250,900 units trading at $2.11 and Jamaica Money Market Brokers 8.75% preference shares closed with 147,225 units trading at $3.02.

Main market slips junior up

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TheJSE Market Index fell 547.63 points to 99,126.83, JSE int 2-6-15theJSE All Jamaican Composite index lost 612.11 points to close at 109,736.10 and the JSE combined index lost 485.94 points to end at 101,383.99 and the junior market index rose 3.35 to 874.63.Thirty three securities traded up to 11 am, including 12 junior market stocks, with Cargo Handlers trading 205,972 units at a new high of $22.29 as Mayberry Investments crossed the shares from their in house inventory to a client. Four new 52 weeks’ highs have been recorded, Hardware & Limber at $19, Jamaica Stock Exchange at $4.80, Cargo Handlers at $22.29 and Derrimon preference shares trading at $2.50.
The preference shares section was active with 4 securities trading as investors seek higher yielding investments.

J$ mostly stable on Monday

JamaicanMoney280x150 Purchase of all currencies by dealers, amounted to the equivalent of US$47,377,158 on Monday compared with US$35,027,214, on Friday they sold the equivalent of US$47,123,153 versus sale of US$37,165,779 previously, as the Jamaican was fairly stable in trading.
In US dollar trading, dealers bought US$43,312,675 compared to US$31,693,062 on Friday. The buying rate for the US dollar fell 6 cents at $115.58 and US$44,182,307 was sold versus US$35,366,192 on Friday, the selling rate inched up 1 cent to $116.13. FX sum 1-6-15The Canadian dollar buying rate rose 47 cents to $91.39 with dealers buying C$2,246,955 and selling C$2,486,972, at an average rate that inched down 14 cents to $93.02. The rate for buying the British Pound dropped $2.02 to $173.94 for the purchase of £1,345,949, while £480,987, was sold, at an average rate that declined by $1.30 to $176.27. At the end of trading it took J$127.31 to purchase the Euro, 53 cents more than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$124.88 for 56 cents more than Friday’s rate. Other currencies bought, amounted to the equivalent of US$262,094, while the equivalent of US$218,753, was sold.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying and the highest selling rates remained unchanged at $116.30, $94.98 and $121.71 respectively. The lowest selling rate dropped $18.32 to $94.98. FX HL 1-6-15The highest buying rate for the Canadian dollar rose 45 cents to $93.50. The lowest buying rate gained 17 cents to $73.87, the highest selling rate fell 70 cents to $96.20 and the lowest selling rate fell $1 to $89. The highest buying rate for the British Pound, declined 5 cents to $178.50, the lowest buying rate closed at $142.51, up 8 cents, the highest selling rate climbed $2.93 to $183.72 with the lowest selling rate rising 98 cents to $171.70.

2 junior stocks rose & 2 fell

Trading on the Junior Market ended with 7 securities trading and 935,632 units changing hands valued at $1,312,464. The JSE Junior Market Index declined 0.65 points to close at 871.28, with the price of 2 stocks advancing, 2 declining and Lasco Financial Services closing at new a 52 weeks’ high.
JM 1-6-15At the close, there were 5 stocks with bids higher than their last selling prices and none with lower offers. 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, Cargo Handlers finishing with only 594 units to close at $22.28, Caribbean Flavours closed trading with 1,667 shares and gained 5 cents to end at $2.05, Caribbean Producers with 43,000 shares trading closed unchanged at $2.80, General Accident Insurance concluded trading with 365,459 shares changing hands to close 12 cents lower at $1.90 but traded as low as $1.70 during the day. KLE Group traded 449,167 units at 75 cents after losing 9 cents, Lasco Financial Services finished trading with 43,000 units, the price gained 1 cent to $1.67. There was dealing in 32,745 Lasco Manufacturing’s shares as the stock traded unchanged at $1.29.

Market back to pre-crisis levels

Carreras traded at a 52 weeks' high of $52

Carreras traded at a 52 weeks’ high of $52

Activity on the Jamaica Stock Exchange, resulted in the prices of 15 stocks rising, 6 declining as 28 securities changed hands, ending in 6,921,820 units trading, valued at $48,898,561, in all market segments.
Stocks trading at new 52 weeks’ high in the main market are, Carreras traded of $52 to gain $2 but with only 800 shares, Jamaica Stock Exchange, Jamaica Broilers and Pan Jamaican.
TheJSE Market Index gained 908.09 points to 99,674.46, theJSE All Jamaican Composite index climbed 1,015.00 points to close at 110,348.21 and JSE sum 1-6-15the JSE combined index gained 850.26 points to end at 101,869.93. The close on Monday, places the all Jamaican index back to July 2008 levels.
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 2 with offers that were lower.
Cable & Wireless closed with 341,888 shares trading at 50 cents, Caribbean Cement had 61,057 shares trading at $5, to record a gain of 40 cents. Desnoes & Geddes had 15,250 units changing hands at $7.55, in putting on 12 cents, Jamaica Broilers traded 115,000 units at $5.55 with a 5 cents gain, Jamaica Stock Exchange traded 10,000 units at a new high of $4.50. JMMB Group lost ground by falling 55 cents, with 22,350 shares to close at $8.45 after the investment bank posted earnings of $1.18 per share for the year to March, compared with $1.74 in 2014. The company only made $76 million in the quarter compared to reach $1.93 million compared with $1.85 million at the end of December.JSE fn Qts-1- 6-15 Mayberry Investments traded 127,350 units at $3.10, as the price moved up 10 cents, Pan Jamaican Investment traded 6,473 shares at $60.50 to gain 50 cents, for a new 52 weeks’ high. Radio Jamaica traded 55,622 shares and gained 40 cents to close at $3, the company released results of 32 cents per share for the year to March after trading closed compared with 17 cents in 2014. Sagicor Group had 308,000 units trading at the end at $12, the company Real Estate Fund ended with 3,933,104 units trading 7 cents high at $7.58, Scotia Group traded 261,103 units at $25.30 Seprod 23,580 shares as the price slipped 95 cents to $16.55 and Supreme Ventures added 487,217 shares at $3.80.

National Flour ends at new high

IC Insider Buy Rated NFM closed at a new 52 weeks high on Monday

IC Insider Buy Rated NFM closed at a new 52 weeks high on Monday

Trading on the Trinidad Stock Exchange ended with 10 securities changing hands of which 1 advanced, 3 declined and 6 traded firm with a total of 239,670 units, valued at $4,595,311.
At the close of the market, the Composite Index rose 0.03 points to close at 1,159.95, the All T&T Index rose by just 0.19 points to close at 1,968.86 and the Cross Listed Index fell by a mere 0.02 points to end at 46.06.
Gains| National Flour Mills was the only stock increasing in price at the close, with 2,770 shares changing hands, to gain of 8 cents at $1.85, for a new 52 weeks’ high.
Declines| The stocks declining at the end of trading are, National Commercial Bank contributing 6,000 shares while losing 19 cents to close at $1.71, Point Lisas with 1,075 shares trading and closing at $3.80 for a loss of 1 cent and Scotia Investments traded 23,500 shares to close 2 cents lower at $1.47. TTSE 1-6-15 Firm Trades| Stocks closing with prices unchanged at the end of trading are, Ansa McAl trading 60 units at $67.05, Clico Investment Fund traded 185,764 units valued at to end at $22.55, First Citizens Bank trading 7,703 shares valued at $275767 to close at $35.80. Massy Holdings with 587 shares closed at $64.10, Prestige Holdings ended with just 100 shares changing hands at $9.90 and Trinidad Cement traded 12,111 units at $2.80.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.

JSE prices midway trading

JSE Intra - 01-06-15.

Prices up prices down index gains

Sagicor traded 5.36 million shares on Friday

Sagicor traded 5.36 million shares on Friday

The Jamaica Stock Exchange ended the week on a positive note with most prices for stocks rising and new highs still being recorded, resulting in the prices of 14 stocks rising, 10 declining as 35 securities changed hands, ending in 17,846,913 units trading, valued at $135,894,171, in all market segments.
Hardware & Lumber closed at a new 52 weeks’ high of $18, Jamaica Stocks Exchange closed at an all-time high of $4 and Scotia Investments also closed at a new high of $30 after jumping $3.70 but with limited volume and Palace Amusement traded at $60 for a new 52 weeks’ low.
JSE sum 29-5-15TheJSE Market Index gained 451.19 points to 98,766.37, theJSE All Jamaican Composite index rose 504.32 points to close at 109,333.21 and the JSE combined index put on 439.21 points to end at 101,019.67.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator continues to reflect a market that has a upward bias with 11 stocks with bids higher than their last selling prices and just 2 with offers that were lower.
Barita Investments traded 134,024 shares at $2.50 but closed with the bid at $2.55 to buy 11,765 shares, Carreras traded 160,324 shares with the price rising to $50 from $49 on Thursday after the company announced a $2 dividend. The stock traded as high as $51.06 for an intraday 52 weeks’ high. Caribbean Cement slipped 40 cents to close at $4.60 with 12,000 units changing hands. Desnoes & Geddes had 62,181 shares trading, to close 12 cents lower at $7.38, Grace Kennedy with 20,682 units changing hands, closed with a loss of 50 cents at $63. Jamaica Broilers shared 1,284,333 units at 20 cents higher, than on JSE fn Qts 29-5-15Thursday, at $5.50, Jamaica Stock Exchange had 1 million units changing hands in one trade, to close at $4, the stock closed without an offer. JMMB Group enjoyed trading in 171,384 shares to end at $9, Mayberry Investments had 37,164 units changing hands between $3.16 and the ending price, of $3. National Commercial Bank closed at $29.57 after losing 53 cents, Palace Amusement traded 566 shares and fell by $20 to $60, Sagicor Group had another heavy day of trading with 5,359,993 units changing hands and Scotia Group traded 14,391 units at $25.05 for a 45 cents decline.
In the preference sector, Jamaica Money Market Brokers 7.50% preference share traded 429,000 units at $2.30, Jamaica Money Market Brokers 8.75% preference shares 370,000 units at $3.02.