Tuesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 5 stocks rising and 3 declining as 24 securities changed hands, ending in 1,476,405 units trading, valued at $13,434,336, in all market segments.
Main Market| The JSE Market Index fell 185.93 points to 76,514.50, the JSE All Jamaican Composite index declined 207.87 points to close at 84,265.07 and the JSE combined index declined by 180.94 points to close at 78,453.71.
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 2 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Desnoes & Geddes ending with 130,300 shares trading, with a gain of 5 cents to $4.85. Jamaica Broilers closed with 10,368 units changing hands to close 10 cents up to $4.10, Mayberry Investments ending with 8,800 shares with the price gaining 2 cents to $2 and Proven Investments finished with 379,550 shares changing hands to close 0.05 cents to 21 US cents, a new 52 weeks’ high.
Firm| The stocks in the main market to close without a change in the last traded prices are, Barita Investments ended with 2,350 units trading at $2.25, Cable & Wireless closed with 36,903 shares trading at 50 cents, Jamaica Money Market Brokers ending with 106,535 ordinary shares changing hands at $6.50. Kingston Wharves finishing with 693 shares changing hands at $6, National Commercial Bank closed with 15,655 units traded at $19. Pan Jamaican Investment finished with 4,493 units at $53, Radio Jamaica ended with 56,739 shares trading at $1.30, Sagicor Group closed with 43,610 units trading at $10.20, Sagicor Real Estate Fund finishing with 20,000 shares changing hands at $6.95 and Scotia Investments traded 1,580 shares changing hands to close at $23.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Berger Paints finished with 2,512 units trading, the price slipped 15 cents to $1.55, Scotia Group ended trading with 11,262 shares changing hands to close lower by 306 cents to $20.20.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 14,000 shares changing hands to close at $3, Jamaica Money Market Brokers 7.50% preference share traded 100,000 units trading at $2 and Proven Investments 8% preference share traded finished with 20,500 units trading at $5.
J$ slips against USD & Canadian Tuesday
The Jamaican dollar gained against the British Pound but fell versus the US and Canadian dollar on Tuesday. Purchase of all currencies by dealers, translated to US$31,812,301, compared with the US$43,325,043, on Monday, and selling of the equivalent of US$30,810,659 versus US$44,738,328 sold on Monday.
In US dollar trading, dealers bought US$27,613,916 compared to US$39,907,638 on Monday. The buying rate for the US dollar slipped 11 cents to $114.78 and US$28,053,075 was sold versus US$42,884,931 on Monday with the selling rate climbing 4 cents to $115.39. The Canadian dollar buying rate gained 64 cents to $94.26 with dealers buying C$1,498,091, and selling C$1,565,382, at an average selling rate that climbed 30 cents, to $95.98. The rate for buying the British Pound rose 66 cents to $172.38 for the purchase of £1,389,310, while £349,039 was sold, the rate dived only 7 cents to $173.76. At the end of trading it took J$134.16 to purchase the Euro, $1.59 up from Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.63 for a rise of $1.51 over Monday. Other currencies bought, amounted to the equivalent of US$881,603 while the equivalent of US$929,930, was sold.
Highs & Lows| The highest and the lowest buying and the highest selling rates for the US dollar, remained at $115.65, $94.10 and $120.59 respectively while lowest selling rate climbed $17.30 to $112.70. The highest buying rate for the Canadian dollar fell 80 cents to $96.20, the lowest buying rate rose 33 cents to $76.28. The highest selling rate declined by $1.01 to $98.50 and the lowest selling rate jumped $13.72 to $91.90. The highest buying rate for the British Pound, dipped $1.50 to $176. The lowest buying rate fell 21 cents to $139.94, the highest selling rate fell 27 cents to $180.40 and the lowest selling rate eased 25 cents to $168.60.
Bids of 7 stocks above last sale
Activity Trading on the Junior Market closed with only 5 securities traded and ended with 510,555 units valued at $1,054,385. The JSE Junior Market Index lost 0.64 points to close at 696.43, with the price only 1 advancing and 1 declining but at the close there were stock ending with bids above the last sale prices, an indication that demand exceed supply in quite a large number of stocks in this market
At the close of the market, there were 7 stocks with bids higher than their last selling prices and none with lower offers. The junior market continues to reflect renewed interest with 4 securities closing with no bids to buy. There were 6 securities that had no stocks being offered for sale.
Paramount Trading ended trading with 155,860 units with the price rising 10 cents to $3.30, General Accident closed trading with 204,610 units at $1.80, Lasco Distributors traded 38,994 shares trading at $1.45, Lasco Financial ended with 107,800 units trading to end at $1 and Honey Bun closed with 3,291 shares trading 5 cents lower to $1.95.
TTSE exhibiting negative bias
Trading on the Trinidad Stock Exchange closed with 14 securities changing hands of which 3 advanced, 5 declined and 6 traded firm with a total of 173,362 units, valued at $797,942.
At the close of the market, the Composite Index rose 1.47 points to close at 1,152.56, the All T&T Index gained 2.35 points to close at 1,987.64 and the Cross Listed Index increased by a mere 0.08 points to end at 41.57.
Gains| Stocks increasing in price at the close are, Firstcaribbean International Bank closed with a volume of 27,636 shares trading, valued at $138,733, to close 2 cents higher at $5.02, Prestige Holdings 40 shares, traded to close at $9.57, higher by 1 cent and One Caribbean Media gaining $1.79 to end at $23.99 while trading 3,972 units.
Declines| The stocks declining at the end of trading are, Clico Investment Fund trading just 900 shares but the price declined by 1 cent to end at $23.49. First Citizens Bank closed with only 80 shares trading at $36.49 and lost a cent, Guardian Holdings lost 1 cents in trading 905 shares to end at $13.25, Massy Holdings fell 5 cents to close at $68.05 with 2,897 units valued at $197,140 while Scotia Investments added 15,206 shares at $1.45, down 1 cents.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA Mcal with 367 shares at $66.52. National Commercial Bank with 99,830 shares changing hands for a value of $116,801, closed at $1.17, Sagicor Financial Corporation contributed 20,000 shares with a value of $109,800 at $5.49, Scotiabank traded 895 share at $62.01, Trinidad Cement had 629 shares changing hands at $2.30 and Unilever Caribbean closed at $65.01 with only 5 units changing hands.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 5 stocks with offers that were lower.
Declining stocks still can’t get upper hand
With more than 2 trading weeks gone in January, the number of declining stocks have still not exceeded those advancing on any date so far on the Jamaica Stock Exchange. Monday’s trading activity, resulted in the prices of 7 stocks rising and 7 declining as 24 securities changed hands, ending in only 1,372,251 units traded, valued at a mere $9,697,061, in all market segments.
Main Market| The JSE Market Index gained 126.58 points to 76,700.43, the JSE All Jamaican Composite index rose 141.51 points to close at 84,472.94 and the JSE combined index advanced by 152.16 points to close at 78,634.65.
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 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless ending with 202,960 units changing hands to close with a gain of 2 cents at 50 cents. Pan Jamaican Investment ended with 3,607 units changing hands to close at 98 cents up to $53, Sagicor Group ending with 390 units with the price rising 20 cents $10.20 and Scotia Group ended trading with 28,908 shares changing hands to close 50 cents higher to $20.50.
Firm| The stocks in the main market to close without a change in the last traded price are, Grace Kennedy closing with 42,250 units at $63. Jamaica Stock Exchange finishing with 8,000 stock units trading at $2, Kingston Wharves ending with 1,582 shares at $6, Radio Jamaica trading 1,386 units at $1.30 and Supreme Ventures with 10,956 shares changing hands to close at $2.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Desnoes & Geddes finishing with 500 shares trading lower by 5 cents to $4.80, Jamaica Money Market Brokers closed with 255,465 ordinary shares changing hands to end lower by 15 cents at $6.50, Jamaica Producers ended trading with 445 units, the stock price slipped $1.30 to $15.70, Mayberry Investments finished with 1,020 units trading, the price declined by 2 cents to $1.98, National Commercial Bank closed with 30,713 units trading as the price fell 50 cents to $19 and Scotia Investments ended with 1,000 shares trading lower by 1 cent at $23.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 17,000 units at $3.
J$ gains big on the Pound & Canadian
The Jamaican dollar made big gains against the British Pound and the Canadian dollar on Monday. Purchase of all currencies by dealers, translated to US$43,325,043, compared with the US$46,887,942, on Friday, and selling of the equivalent of US$44,738,328 versus US$51,219,344 sold on Friday.
In US dollar trading, dealers bought US$39,907,638 compared to US$42,022,513 on Friday. The buying rate for the US dollar remained at $114.89 and US$42,884,931 was sold versus US$40,341,432 on Friday with the selling rate climbing 4 cents to $115.35. The Canadian dollar buying rate lost $1.71 to $93.62 with dealers buying C$1,510,308 and selling C$782,714, at an average selling rate that dropped $2.19, to $95.68. The rate for buying the British Pound dropped 92 cents to $171.72 for the purchase of £1,283,715, while £632,777 was sold, the rate dived $2.29 to $173.83. At the end of trading it took J$132.57 to purchase the Euro, 90 cents down from Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$130.11 for a decline of 91 cents from Friday. Other currencies bought, amounted to the equivalent of US$267,950 while the equivalent of US$250,533, was sold.
Highs & Lows| The highest and the lowest buying and the highest selling rates for the US dollar, remained at $115.65, $94.10 and $120.59 respectively while lowest selling rate climbed $1.71 to $95.40. The highest buying rate for the Canadian dollar rose 50 cents to $97, the lowest buying rate fell $1.24 to $75.95. The highest selling rate remained at $99.51 and the lowest selling rate dropped $15.02 to $78.18. The highest buying rate for the British Pound, climbed $2.50 to $177.50. The lowest buying rate fell 58 cents to $140.15, the highest selling rate rose $2.17 to $180.67 and the lowest selling rate fell 70 cents to $168.85.
Paramount jumps 16%
Activity Trading on the Junior Market closed with Paramount Trading closing with a gain of 44 cents or 16 percent as investors responded positively to the company’s strong increase in profits for the November quarter which were released prior to this week. Overall only 7 securities traded and ended with 738,464 units valued at $2,745,022 changing hands. The JSE Junior Market Index rose 3.55 points to close at 697.07, with the price 3 stocks advancing and no declining.
At the close of the market, there were 7 stocks with bids higher than their last selling prices, no stock closed with the offer lower. The junior market continues to maintained investors interest with 4 securities closing with no bids to buy. There were 6 securities that had no stocks being offered for sale.
Stocks trading in the junior market on Monday are, General Accident closing with 231,500 shares changing hands, with a gain of 3 cents to $1.80. Honey Bun finished with 10,000 shares trading, the price gained 5 cents to $2, Paramount Trading closed with 132,824 shares with the price gaining 44 cents to $3.20, the stock traded as high as $3.30 before the close. Caribbean Producers finished with 11,100 units at $2.15, Dolphin Cove ended with 945 shares trading at $8.50, Knutsford Express closed with 302,000 shares at $5.85 and Lasco Distributors finished with 50,095 shares trading at $1.45.
Four up 3 down but TTSE softening
Trading on the Trinidad Stock Exchange ended with 14 securities changing hands of which 4 advanced, 3 declined and 7 traded firm with a total of 327,664 units, valued at $1,721,615. There were 2 stocks closing at 52 weeks’ high and 2 at 52 weeks’ low at the close.
At the close of the market, the Composite Index lost 0.40 points to close at 1,151.09, the All T&T Index fell by just 1.14 points to close at 1,985.29 and the Cross Listed Index increased by a mere 0.04 points to end at 41.49.
Gains| Stocks increasing in price at the close are, National Commercial Bank with 100,200 shares traded valued at $117,231, closed with the gain of a cent at $1.17. Scotiabank closed with 821 shares traded, 1 cent higher at $62.01, Unilever Caribbean with 400 shares trading, gained 1 cent to close at $65.01, a new 52 weeks’ high and West Indian Tobacco increased 5 cents to $121.42 while trading 1,200 shares to hit a new 52 weeks’ high.
Declines| The stocks declining at the end of trading are, National Enterprises trading 250 shares closed with a loss of 2 cents at $17.37, a new 52 weeks’ low. Sagicor Financial Corporation traded 5,750 shares and closed with a loss of 3 cents at $5.49 for a new 52 weeks’ low and Trinidad Cement contributed 50,000 shares with a value of $115,000 to close at $2.30, down 20 cents.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA Mcal trading 688 shares at $66.52. Berger Paints Trinidad closed with 300 shares trading at $3.65, Clico Investment Fund traded 8,520 shares valued at $200,215 and closed at $23.50, while First Citizens Bank added 24,920 shares valued at $909,579 to close at $36.50. Grace Kennedy ended trading with 288 units at $3.66, Guardian Holdings traded 1,200 units and closed at $13.26 and Jamaica Money Market Brokers closed with 133,127 shares changing hands at 43 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 5 stocks with offers that were lower.
J$ drops again on Friday
The Jamaican dollar fell in value against the major currencies on Friday with the purchase of all currencies by dealers, translating to US$46,887,942, compared with the US$49,795,240, on Thursday, and selling of the equivalent of US$51,219,344 which is more than the US$47,872,723 sold on Thursday.
In US dollar trading, dealers bought US$42,022,513 compared to US$42,661,663 on Thursday. The buying rate for the US dollar rose 10 cents to $114.89 and US$40,341,432 was sold versus US$40,923,096 on Thursday with the selling rate climbing 12 cents to $115.31. The Canadian dollar buying rate lost 98 cents to $95.33 with dealers buying C$3,005,276 and selling C$4,042,357, at an average selling rate that rose 4 cents, to $97.86. The rate for buying the British Pound dropped 58 cents to $172.64 for the purchase of £1,391,659, while £4,723,982 was sold, the rate climbed $1.44 to $176.12. At the end of trading it took J$133.48 to purchase the Euro, $2.24 down from Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.02 for a decline of $1.95 from Thursday. Other currencies bought, amounted to the equivalent of US$280,637 while the equivalent of US$231,622, was sold.
Highs & Lows| The highest buying rate for the US dollar, remained at $115.65, the lowest buying rate rose 8 cents to $94.10, the highest selling rate climbed 11 cents to $120.59 and lowest selling rate dropped 33 cents to $93.69. The highest buying rate for the Canadian dollar declined 75 cents to $96.50, the lowest buying rate rose 95 cents to $77.19. The highest selling rate rose 38 cents to $99.51 and the lowest selling rate gained $1.35 to $93.20. The highest buying rate for the British Pound, declined by 65 cents to $175. The lowest buying rate gained 25 cents to $140.73, the highest selling rate dropped $2.60 to $178.50 and the lowest selling rate climbed 30 cents to $169.55.
JPS share jumps $119
In Monday’s activity on the Jamaica Stock Exchange, the price of Jamaica Public Services 9.5% Preference shares jumped by $118.90 to end at $1,125 for a new all-time high as investors traded the stock for $236,250,000. Activity in the overall market resulted in the prices of 10 stocks rising and 3 declining as 26 securities changed hands, ending in 2,749,084 units trading, valued at $241,908,563, in all market segments.
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 4 stocks with offers that were lower.
Main Market| The JSE Market Index fell 205.19 points to 76,128.35, the JSE All Jamaican Composite index lost 229.40 points to close at 83,833.34 and the JSE combined index declined by 181.96 points to close at 78,141.73.
Gains| Stocks gaining at their last traded prices, at the end of trading in the main market are, Carreras ending with 500 units, the price rose 2 cents to $37.03. Jamaica Broilers ended with 70,537 units changing hands to close with a gain of 3 cents at $4.02, Jamaica Money Market Brokers finishing with 68,763 shares changing hands, to close with a gain of 5 cents, to $6.55. Jamaica Stock Exchange finished with 30,000 shares changing hands, 10 cents higher at $2, National Commercial Bank ended with 8,405 shares trading to gain 20 cents at $19. Sagicor Group finished trading with 27,006 units changing hands to close with a gain of 4 cents at $9.95 and Supreme Ventures finished trading with 4,000 shares with the price rising 3 cents to $1.80
Firm| The stocks in the main market to close without a change in the last traded price are, Cable & Wireless closing with 202,323 units trading at 48 cents. Caribbean Cement ended with 45,596 units trading at $2.50, Kingston Wharves closed with 4,747 shares at $6, Radio Jamaica closed with 4,400 units at $1.30, Scotia Group finished with 33,854 units trading at $20.10 and Scotia Investments ended with 9,002 shares trading at $23.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Grace Kennedy closing with 3,896 units trading as the price slipped $1 to $62, Mayberry Investments finished with 400,500 shares trading lower by 5 cents to $1.95 and Sagicor Real Estate Fund ended with 2,000 shares changing hands to close lower 15 cents lower at $7.05.
Preference| Jamaica Money Market Brokers 7.50% preference share had 309,000 shares changing hands at $2 and Jamaica Public Service Co 9.5% preference share ended with 210,000 units changing hands to close with a gain of $118.90 at $1,125, the move has reduced the yield to 8.44 percent fr0m 9.5 percent, the coupon rate.
