2 up 3 down again on TTSE – Monday

December 7, 2015 by

Scotiabank drops 48 cents on TTSE on Monday

Scotiabank drops 48 cents on TTSE on Monday

Trading on the Trinidad and Tobago Stock Exchange ended on Monday with 12 active securities with the prices of 2 rising and 3 declining and 7 trading unchanged. The volume changing hands was 146,395 shares for a value of $1,863,644.
At the close, the Composite Index ended with a rise 0.05 points to 1,162.37 the All T&T Index inched up by 0.01 points to 1,957.99 and the Cross Listed Index gained 0.01 points to 48.22.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bids higher than the last selling price and 7 stocks with offers that were lower.
Gains| Clico Investment Fund posted 13,420 shares, gained 3 cents and closed at $22.75 and Guardian Holdings gained 8 cents to end at $13 as 1,817 units changed hands.
Declines| Massy Holdings traded 100 shares and lost 1 cent in closing at $61.92 to a new 52 weeks’ low, Scotiabank ended with 2,825 shares changing hands at $62 after dropping 48 cents and Scotia Investments closed with a loss of 9 cents with 11,700 shares changing hands at $1.50.
TTSE 7-12-15 Firm Trades| Firstcaribbean International Bank led with 74,837 shares changing hands for a value of $376,392 to close at $5. First Citizens Bank traded 1,388 shares to close at $35, Grace Kennedy traded 50 units at $3.75, Prestige Holdings ended with 150 shares at $10.10, Sagicor Financial ended with 2,526 units changing hands at $6.15, Trinidad and Tobago NGL traded 36,777 shares valued at $790,892, to close at $21.50 and West Indian tobacco traded 805 units and closed at $126.25.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , ,

It’s now $120.03 Jamaican to US$1

December 4, 2015 by

1000front More funds flowed into the foreign exchange market on Friday but that did prevent the Jamaican dollar from losing value against the US, with the latest selling rate for the US dollar officially crossing the new landmark of $120, for the first time. The local currency made modest gains on the pound but slipped against the Canadian dollar.
The decline in the local currency which started in earnest in the mid to late 1970s and worsened in the 1990s, is coming from 77 US cents for j$1, back in late 1960s and has lost value as governments pursued ruinous economic and social policies, that led to high inflation, high interest rates, a mostly overvalued currency, flight of capital and closure of once viable enterprises. The poor policy decisions also led to a major collapse of the financial sector in the mid to late 1990s that ultimately heaped hundred of billions of dollars of debt on the country.
Funds purchased by dealers exceeded the amounts sold by $6 million. The equivalent of US$38,210,272 was purchased and the equivalent of US$32,468,928 was sold, compared with US$29,610,178 they purchased and US$30,889,097 sold on Thursday.
In US dollar trading , dealers bought US$34,482,286 compared to US$26,774,865 on Thursday.FX trade sum 4-12-15 The buying rate for the US dollar gained 18 cents to $119.50 and US$30,528,147 was sold versus US$29,627,807 on Thursday, the selling rate rose 4 cents to $120.03, The Canadian dollar buying rate fell 4 cents to end at $86.96 with dealers buying C$1,284,103 and selling C$857,019, at an average rate that rose 35 cents to $89.24. The rate for buying the British Pound climbed 98 cents to $177.77 for the purchase of £1,076,624, while £679,010 was sold, with the rate falling 2 cents to $179.32. At the end of trading, it took J$130.21 to purchase the Euro, a big jump of $3.37 from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.54 for a rise of $3.33 from Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$439,193 being bought, while US$289,232 was sold.
FX hl 4-12-15Highs & Lows| The highest buying rate for the US dollar on Friday, gained 10 cents to $120.30 while the lowest buying, the highest and the lowest selling rates were unchanged at $98.66, $126.42 and $117 respectively. The highest buying rate for the Canadian dollar dropped $3.20 to end at $89.80, the lowest buying rate climbed 41 cents to $71.38, the highest selling rate fell $1 to $93 and the lowest selling rate remained at $85. The highest buying rate for the British Pound, fell 50 cents to end at $181. The lowest buying rate gained 42 cents to $144.84, while the highest selling rate fell $1.19 to $184.99 and the lowest selling rate rose by 50 cents to $173.50.

Filed Under: Feature Stories, FX Market, Stock Market Tagged With: , , , , , , , ,

Junior market gains on Friday

December 4, 2015 by

Lasco Manufacturing traded the most on the junior market

Lasco Manufacturing traded the most on the junior market

Activity in the junior market stocks was buoyant on Friday with 15 active securities ended with 7 stocks advancing and 5 declining with 4,470,003 units, valued at $17,580,414 changing hands. Trading ended with a rise of 17.13 points in the index to 1,614.48.
At the close there was 1 security ending with no bid to buy and 9 securities had no stocks being offered for sale. A total of 3 stocks closed with bids higher than the last traded prices and 2 closed with lower offers. Two stocks closed at 52 weeks’ high.
In trading, Blue Power ended with 10,000 shares trading at $13.10 while it fell 41 cents to end at $13.10 as the company reported another disappointing quarterly result showing profits before tax for the latest quarter at $17 million compared to $23 million in the same period last year, a decline of 27 percent. C2W Music ended with 47,817 units changing hands at 39 cents after rising by 2 cents, Caribbean Cream lost 5 cents while trading 5,000 units to end at $4.05, Caribbean Flavours traded 676,403 units at a new 52 weeks’ high of $6.85 by adding 5 cents, Caribbean Producers traded 138,000 units to end at $5.60. Consolidated Bakeries ended with 96,845 shares changing hands to settle at $1.30 for a 7 cents rise, Derrimon Trading ended with 276,930 shares changing hands and closed with a gain of 5 cents at $3.50, Dolphin Cove had 11,038 units trading to settle at $16.03, JM Trde Sht 4-12-15General Accident ended with 329,777 shares changing hands 1 cent higher at $1.96. Honey Bun trade at a 52 weeks’ high of $5.75 with 10,000 shares trading to close with a gain of 10 cents, Lasco Distributors closed with 648,685 shares changing hands at $4.10. Lasco Financial ended with a fall of 1 cent to close at $3 with 381,823 shares changing hands, Lasco Manufacturing lost 28 cents and closed at $3.22 with 1,825,227 shares trading, Medical Disposables lost 3 cents and closed at $3.52 with only 2,408 shares trading and Paramount Trading ended with 10,000 units changing hands with a rise of 36 cents to $8.96.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , ,

2 up 3 fall on TTSE – Friday

December 4, 2015 by

Sagicor Financial rose on TTSE

Sagicor Financial rose on TTSE

Trading on the Trinidad and Tobago Stock Exchange ended with 9 active securities with the prices of 2 rising and 3 declining and 4 trading unchanged. The volume changing hands was 118,039 shares for a value of $1,068,201.
At the close, the Composite Index ended with a rise 0.01 points to 1,162.32 the All T&T Index inched up by 0.38 points to 1,957.98 and the Cross Listed Index fell 0.05 points to 48.21.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bids higher than the last selling price and 6 stocks with offers that were lower.
Gains| Clico Investment Fund posted just 5,790 shares and closed at $22.72 after rising by 3 cents and Sagicor Financial ended 5 cents higher with 26,613 units changing hands at $6.15.
Declines| JMMB Group traded 5,514 shares and lost 2 cents in closing at 47 cents,TTSE 4-12-15 Trinidad Cement ended at $4.68 after declining by 2 cents, with 13,637 units changing hands and Trinidad and Tobago NGL lost 1 cent, in trading 24,847 shares valued at $534,278, to close at $21.50.
Firm Trades| Berger Paints traded 60 units at $3.67, First Citizens Bank traded 1,086 shares to close at $35, National Flour with 40,139 shares closed at $2.75, One Caribbean Media traded 1,353 shares at $22, and Republic Bank ended with 466 shares changing hands at $112.99 and Scotia Investments closed with 679 shares changing hands unchanged at $1.59.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , ,

Almost $120 Jamaican vs US – Thursday

December 3, 2015 by

1000front The Jamaican dollar lost value against the US and the Pound on Thursday, with only 1 cents separating the latest selling rate for the US dollar from what would be new landmark of $120. The local currency made modest gains on Canadian dollar. Funds purchased by dealers were closely matched with the amounts sold.
The equivalent of US$29,610,178 was purchased and the equivalent of US$30,889,097 was sold, compared with US$29,557,919 they purchased and US$37,613,356 sold on Wednesday. In US dollar trading , dealers bought US$26,774,865 compared to US$25,882,409 on Wednesday.FX trade sum 3-12-15 The buying rate for the US dollar gained 5 cents to $119.32 and US$29,627,807 was sold versus US$35,819,736 on Wednesday, the selling rate rose 3 cents to $119.99. The Canadian dollar buying rate rose 10 cents to end at $87 with dealers buying C$1,227,415 and selling C$630,679, at an average rate that fell 70 cents to $88.89. The rate for buying the British Pound dropped $1.39 to $176.79 for the purchase of £1,076,624, while £508,977 was sold, with the rate rising 62 cents to $179.34. At the end of trading, it took J$126.84 to purchase the Euro, a fall of 36 cents from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$124.22 for a decline of 39 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$345,225 being bought, while US$33,379 was sold.
Highs & Lows| On Thursday, the highest buying rate for the US dollar fell 10 cents to $120.20 while the lowest buying,FX hl 3-12-15 the highest and the lowest selling rates were unchanged at $98.66, $126.42 and $117 respectively. The highest buying rate for the Canadian dollar jumped $2.53 to end at $93, the lowest buying rate fell 41 cents to $70.97, the highest selling rate jumped $1.98 to $94 and the lowest selling rate remained at $85. The highest buying rate for the British Pound, climbed $1.38 to end at $181.50. The lowest buying rate fell 58 cents to $144.42, the highest selling rate jumped $1.87 to $186.18 and the lowest selling rate declined by 80 cents to $173.

Filed Under: FX Market, Stock Market Tagged With: , , , , , , , ,

2 new highs on TTSE – Thursday

December 3, 2015 by

Witco closed at a 52 weeks'high on Thursday

Witco closed at a 52 weeks’high on Thursday

Trading on the Trinidad and Tobago Stock Exchange ended with 15 active securities with the prices of 2 rising and 5 declining and 8 trading unchanged. The volume changing hands was 146,249 shares for a value of $1,527,632.
At the close, the Composite Index ended with a fall of 29 points to 1,162.31 the All T&T Index fell by 0.24 points to 1,957.60 and the Cross Listed Index gained 0.05 points to 48.26.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bids higher than the last selling price and 5 stocks with offers that were lower.
Gains| Unilever Caribbean ended with 3,000 shares trading with a gain of 1 cent, for a new 52 weeks’ high of $68.18 and West Indian Tobacco ended with a gain of 8 cents to a 52 weeks’ high of $126.25 having traded just 45 units.
Declines| Agostini’s closed with 5,035 shares changing hands with a loss of 1 cent at $13.99, JMMB Group traded 400 shares and lost 1 cent in closing at 49 cents, Scotiabank closed with 713 shares changing hands, but fell 2 cents to $62.48. Trinidad Cement ended at $4.70 after declining by 4 cents, with 3,000 units changing hands and Trinidad and Tobago NGL lost 4 cents, in trading 24,407 shares valued at $546,270, to close at $21.51.
TTSE 3-12-15 Firm Trades| Clico Investment Fund posted just 347 shares and closed at $22.69, First Citizens Bank traded 1,962 shares to close at $35, Grace Kennedy had 99,400 units changing hands valued at $372,750 at $3.75. National Enterprises with 20 shares changing hands at $16.39, One Caribbean Media traded 5,100 shares at $22, Prestige Holdings with 685 units changing hands ended at $10.10, and Republic Bank ended with 466 shares changing hands at $112.99 and Scotia Investments closed with 679 shares changing hands unchanged at $1.59.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , ,

JSE making strong gains on Thursday

December 3, 2015 by

Unlike Wednesday when trading was slow, market activity has picked up by driving the main market indices up by almost 1 percent 30 securities changed hands after 90 minutes of trading with a volume of 5,532,901 units as 13 stocks gained and 8 declined.
JSE intra 3-12-15At 11 am, the all Jamaica Composite Index is jumped 1,451.46 points to 157,145.64, the JSE Market Index gained 1298.78 points to 141,549.32 the JSE combined index fell 1248.35 points to be at 147,861.31 and the junior market index rose 2.47 points to 1,592.19.
Interesting trades, with 75 minutes having elapsed, are Cable & Wireless with 508,750 units and last traded at $1.50 for a 2 cents fall from Wednesday’s last traded price, Jamaica Broilers with 241,027shares at $8.50, Mayberry Investments with 239,400 units at $4.70, National Commercial Bank traded 1,454,773 shares at $37.50, Scotia Group with 109,384 at $27.50, Supreme Ventures with 787,628 units at $5, Caribbean Producers having 327,996 shares trading at $5.60, Lasco Financial Services with 426,961 units at $3 and Lasco Manufacturing having 380,419 units at $3.22.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , ,

3 stocks trade at new highs – Wednesday

December 2, 2015 by

NCB closed at a new 52 weeks' high on the TTSE on Wednesday

NCB closed at a new 52 weeks’ high on the TTSE on Wednesday

Trading on the Trinidad and Tobago Stock Exchange ended with 9 active securities with the prices 5 rising and 1 declining and 3 trading unchanged. The volume changing hands was 460,196 shares for a value of $6,735,910.
At the close, the Composite Index ended with a rise of 2.26 points at 1,162.60 the All T&T Index rose 0.21 points to 1,957.84 and the Cross Listed Index gained 0.59 points to 48.31.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with bids higher than the last selling prices and 5 stocks with offers that were lower.
Gains| Clico Investment Fund posted 46,930 shares valued at $1,064,841 and closed with a gain of 1 cent at $22.69, National Commercial Bank gained 10 cents with 1,961 shares changing hands to close at a 52 weeks’ high of $2, Sagicor Financial Corporation closed with 7,445 shares changing hands at $6.11 for a gain of 5 cents. TTSE 2-12-15Trinidad and Tobago NGL gained 5 cents in trading 98,948 shares valued at $2,130,116, to close at $21.55 and West Indian Tobacco ended with a gain of 2 cents at a 52 weeks’ high of $126.17 having traded 16,668 units worth $2,102,990.
Declines| Trinidad Cement ended at $4.74 after declining by 1 cent with 286,000 units having a value of $1,358,290 changing hands.
Firm Trades| First Citizens Bank traded 39 shares to close at $35, Guardian Holdings closed with 2,200 units trading at $12.92 and Republic Bank ended with just 5 shares changing hands at $112.99.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , ,

Jamaican $ slips vs. US – Wednesday

December 2, 2015 by

FX_USPound2 The Jamaican dollar lost value against the US and Canadian dollars, but made modest gains on the Pound on Wednesday. Funds purchased by dealers were much less than the amount sold by US$8 million. The equivalent of US$29,557,919 was purchased and the equivalent of US$37,613,356 was sold, compared with US$30,303,656 they purchased and US$40,066,275 sold on Tuesday.
In US dollar trading , dealers bought US$25,882,409 compared to US$26,764,918 on Tuesday. The buying rate for the US dollar gained 1 cent to $119.27 and US$35,819,736 was sold versus US$37,677,186 on Tuesday, the selling rate rose 5 cents to $119.96. FX trade sum 2-12-15The Canadian dollar buying rate rose 2 cents to end at $86.90 with dealers buying C$1,189,875 and selling C$1,293,626, at an average rate that jumped $1.30 to $89.59. The rate for buying the British Pound jumped $1.82 to $178.18 for the purchase of £1,821,912, while £494,520 was sold, with the rate falling 51 cents to $178.72. At the end of trading, it took J$127.20 to purchase the Euro, a rise of 53 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$124.61 for a rise of 56 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$86,949 being bought, while US$90,845 was sold.
Highs & Lows| On Wednesday, the highest buying rate for the US dollar rose 20 cents to $120.30 while the lowest buying and the highest selling FX hl 2-12-15rates were unchanged at $98.66 and $126.42 respectively and the lowest selling rate leapt $18.34 to $117. The highest buying rate for the Canadian dollar fell 36 cents to end at $90.47, the lowest buying rate held at $71.38, the highest selling rate inched down by 6 cents to $92.02 and the lowest selling rate remained at $85. The highest buying rate for the British Pound, dropped by $1.30 to end at $180.12. The lowest buying rate rose 41 cents to $145, the highest selling rate dipped $2.08 to $184.31 and the lowest selling rate rose 10 cents to $173.80.

Filed Under: FX Market, Stock Market Tagged With: , , , , , , , , ,

Juniors slip again on Wednesday

December 2, 2015 by

Medical Disposables traded at new high on junior market on Wednesday.

Medical Disposables traded at new high on junior market on Wednesday.

Activity in the junior market stocks on Wednesday was broad based with 17 active securities. Trading ended with 5 stocks advancing and 5 declining with 2,697,820 units, valued at $10,906,157 changing hands. Trading ended with a drop of 29.95 points in the index to 1,589.72 as the market ended with 2 new 52 weeks’ closing highs.
At the close there was 2 securities ending with no bid to buy and 8 securities had no stocks being offered for sale. A total of 4 stocks closed with bids higher than the last traded prices and 3 closed with lower offers.
In trading, Access Financial Services ended with 13,000 shares changing hands at $13.61, to gain 4 cents. AMG Packaging rose 5 cents and ended with 14,983 units changing hands at $6.05, C2W traded 24,000 units at 37 cents, for a fall of 1 cent, Caribbean Flavours gained 2 cents while trading 76,500 units to end at a 52 weeks’ high at $6.80, Caribbean Producers lost 10 cents, in trading 561,890 units to end at $5.50. Consolidated Bakeries ended with 45,677 shares changing hands to settle at $1.23, Derrimon Trading ended with 1,420 shares changing hands and closed at $3.45, Dolphin Cove had 1,000 units trading to settle at $15.80, General Accident ended with 52,000 shares changing hands and closed with a loss of 4 cents at $1.95. JM - Trde Sht 2-12-15Jamaican Teas had 1,000 shares trading to close with a loss of 5 cents at $5, KLE Group ended with 1,974 units at 73 cents, Knutsford Express traded 3,000 units of $10, Lasco Distributors lost 3 cents and closed with 432,144 shares changing hands at $4.06. Lasco Financial ended with a gain of 8 cents to close at $3 with 295,033 shares changing hands, Lasco Manufacturing closed at $3.30 with 1,029,215 shares trading, Medical Disposables closed at a 52 weeks’ high of $3.55 with 10,000 shares trading as the price jumped by 55 cents and Eppley 2019 cumulative redeemable preference share ended with 134,984 units changing hands at $6.08.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , ,