First time above 1,000 for juniors.

August 4, 2015 by

theGoodNews The JSE junior market gained 25.57 points on Tuesday to close at over 1,000 points for the first time ever in another record breaker move. The index closed at 1002.75 points as profits and shortage of stocks being sold continue the impact price movements. Today’s gains bring the increase in index over 46 percent since the start of this year. Technical indicator shows resistance around the present level, if that is cleared decisively, which seems likely, then the junior market should be heading to 1,200 points before a major resistance develops.
In actual trading on Tuesday, 10 securities changed hands with 6 rising and 2 declining

Access_Financial_Services

Access Financial Q2 profit up 71%

resulting in 1,410,115 units valued at $4,781,231. At the close, the junior market had 5 stocks having bids higher than their last selling prices, 2 with lower offers. 6 securities closed with no bids to buy, while 8 had no stocks being offered for sale.
Stocks trading are, Access Financial gained 50 cents to close at a new all-time high of $19 but with just 100 units, the company released results for the six months to June, with a 71 percent gain in the quarter, resulting in profit of $112.5 million versus $65.6 million and for the six months $252 million compared with $145 million. Today’s price, places the valuation of the stock around 10 times earnings. AMG Packaging with 16,596 units changing hands, ended unchanged at $3.60, Blue Power traded 164,139 units with the JM - Trade 4-08-15price rising 75 cents to $13, Caribbean Cream traded 48,500 shares at $2.10, after gaining 5 cents. Caribbean Producers dropped 46 cents, with 201,480 shares and closed at $2.59, Derrimon Trading had 10,000 shares changing hands, for a gain of 19 cents, to end at $2.25, Dolphin Cove jumped $3.35 to $12 while only 2,000 units traded. Honey Bun with 12,900 shares changing hands, closed 10 cents lower at $3, Lasco Distributors traded 14,500 shares to close at $1.80, Lasco Financial Services traded 935,900 units and gained 25 cents to close at $2.

Filed Under: Company News, Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , ,

Juniors market at all-time high

July 31, 2015 by

Access_Financial_Services

Access Financial gained big on Friday

The JSE junior market racked up 46.56 points to 942.39 points for a new record high beating the previous high reached of 934.69 on June 10th, this year. The index gained 95.83 point during the week or 11 percent. A total of 10 securities traded with 9 rising and no declining resulting in 891,710 units valued at $2,263,064. The strong movement was aided by Access Financial that jumped to $15.50 from $12.76, Caribbean Producers gaining 50 cents, General Accident and gains in the three Lasco Companies along with a few others.
The market ended with 7 securities trading with 741,698 units changing hands, valued at $2,204,755 and the prices of 4 stocks rising and 2 declining.
At the close, the junior market had 6 stocks having bids higher than their last selling prices, 2 with lower offers. 6 securities closed with no bids to buy, while 8 had no stocks being offered for sale.
Stocks trading are, Access Financial gained $2.74 to close at $15.50 but with a small volume of 360 units, AMG Packaging traded 1,191 units with the price rising 10 cents to JM 31-7-15
$3.60, Caribbean Cream had 3,000 shares trading, firm at $2.05, Caribbean Producers gaining 50 cents, with 1,000 shares. Derrimon Trading ended with 10,000 units gaining 7 cents to close at $2.15, General Accident had 380,372 shares changing hands for a gain of 3 cents to end at $1.79, Lasco Distributors traded 28,397 shares to close at $1.71, up 6 cents, the stock closed with low supply to sell at $1.74 and $2.13. There are only 4 offers in the market amounting 70,000 units. Lasco Financial Services traded 1,400 units and gained 3 cents to end at $1.55, Lasco Manufacturing with 29,390 shares trading, closed 4 cents higher at $1.64, for anew 52 weeks high and Epply 9.5 percent preference share traded 166,600 units at $6.02, for a 1 cents gain.

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

Trading volume low on TTSE

July 30, 2015 by

TTSEDailyTRading280x150 Trading in the overall market ended with 13 securities changing hands on Thursday with 2 stocks gaining, 3 declining and 8 traded with the price unchanged. A total of only 110,408 shares traded, valued at $1,254,117.
At the close of the market, the Composite Index fell 0.10 points to close at 1,155.60, the All T&T Index advanced by 0.30 points to 1,965.11 and the Cross Listed Index loss 0.07 to 45.41.
Gains| In trading, One Caribbean Media ending with a gain of 39 cents while trading 3,645 shares changing hands at $22.40 and Unilever Caribbean with 353 units changing hands at a new 52 weeks high of $66.76 and gained 8 cents.
Declines| Clico Investment Fund stock price lost 5 cents to $22.50 with 9,540 shares trading at a value of $2,758,458, National Commercial Bank traded a mere 500 shares 1 cent at $1.66 and Trinidad Cement lost 2 cents while trading 45,974 shares.
TTSE 30-7-15 Firm Trades| First Citizens Bank with 20,179 shares traded valued at $506,226 to close at $35.70, Flavorite Foods traded 606 units at $4.80, Guardian Media had 1,872 units changing hands at $19.76, National Enterprises closed with 1,361 shares trading at $17.20. Republic Bank ended with just 4 units trading at $114.99, Sagicor Financial with 4,125 units trading closed at $6, Scotiabank traded 2,005 units and closed at $62.31 and West Indian Tobacco closed with 300 shares changing hands at $125.40.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.

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

J$ stable vs. US on Thursday

July 30, 2015 by

currency_graph Purchases by dealers of foreign currencies on Thursday, resulted in the local currency making gains against the Pound and Canadian dollar but slipping slightly versus the US dollar. The market closed with dealers buying the equivalent of US$31,985,057 in contrast to US$45,948,406 on Wednesday, while they sold the equivalent of US$33,915,183, previously US$41,243,978.
In US dollar trading , dealers bought US$29,087,315 compared to US$39,742,034 on Wednesday. The buying rate for the US dollar rose 4 cents to $116.84 and US$31,986,716 was sold versus US$40,033,973 on Wednesday, the selling rate rose 1 cent to $117.38. The Canadian dollar buying rate dropped 46 cents to $88.25 with dealers buying C$1,151,016 and selling C$612,528, at an average rate FX Sum 30-7-15that fell 21 cents to $90.08. The rate for buying the British Pound rose 2 cents to $180.70 for the purchase of £1,211,722, while £683,434 was sold, at an average rate that fell 7 cents to $182.50. At the end of trading, it took J$129.48 to purchase the Euro, with a loss of 7 cents from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.92 for a rise of 3 cents from Wednesday. Other currencies bought, amounted to the equivalent of US$154,239, while the equivalent of US$395,748 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents to $117.55, the lowest buying and the highest selling rates FX HL 30-7-15remained at $96.15 and $123.21 respectively, the lowest selling rate dropped $18.80 to $96.15. The highest buying rate for the Canadian dollar fell 40 cents to $90.60. The lowest buying rate rose 62 cents to $72.42, the highest selling rate dropped $1.64 to $93.36 and the lowest selling rate declined 50 cents to $86.70. The highest buying rate for the British Pound, eased 90 cents to $183.60, the lowest buying rate climbed 79 cents to $147.95, with the highest selling rate falling $2.55 to $187.16 and the lowest selling rate slipped 25 cents to $178.25.

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

J$ losses mounts at 117.07 to US$1

July 3, 2015 by

USdollarStacks600x250 Friday’s trading in foreign currencies in Jamaican closed with dealers buying the equivalent of only US$25,196,045 in contrast to US$32,635,866 on Thursday, while they sold the equivalent of US$23,105,190 versus US$34,836,179 previously as trading activity was low, ahead of the week end.
In US dollar trading, dealers bought US$20,644,351 compared to US$30,637,319 on Thursday. The buying rate for the US dollar fell 20 cents to $116.29 and US$20,389,352 was sold versus US$32,858,411 on Thursday, the selling rate rose 4 cents to $117.07. The Canadian dollar buying rate jumped $1.86 to $92.26 with dealers buying C$3,982,260 and selling C$2,624,801, at an average rate that rose 7 cents to $92.94. FX Sum 3-7-15.docxThe rate for buying the British Pound gained 31 cents to $179.89 for the purchase of £848,685, while £359,179 was sold, at an average rate that declined $1.04 to $182.60. At the end of trading, it took J$129.96 to purchase the Euro, 6 cents more than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.42 for 12 cents greater than Thursday’s rate. Other currencies bought, amounted to the equivalent of US$79,557, while the equivalent of US$71,867 was sold.
Highs & Lows| The price changes for the highs and lows that the Jamaican dollar traded at, were mixed on Friday, with 5 increases and 5 declines. The highest buying rate for the US dollar fell 5 cents to $117.30. The lowest buying and the highest selling rates were unchanged at $95.82 and $122.78 respectively, while the lowest selling rate dropped $24.80 to $89.90.FX HL 3-7-15 The highest buying rate for the Canadian dollar rose 10 cents to $93.10, the lowest buying rate lost 37 cents at $73.62. The highest selling rate moved up 60 cents to $97 and the lowest selling rate climbed 95 cents to $90.10. The highest buying rate for the British Pound, rose $1 to $185 and the lowest buying rate declined 79 cents to $146.33, with the highest selling rate falling 74 cents to $186.64 and the lowest selling rate rising 55 cents to $177.80.

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

Access wanted

July 3, 2015 by

Access demanded on Friday at $11.50 for 100,000 shares

Access demanded on Friday at $11.50 for 100,000 shares

Activity closed with only 6 securities trading the same number as Thursday and ended with even less than 44,694 units changing hands, at the final day of the week only 33,681 traded valued at $139,654 compared to a mere $104,551 on Thursday. The JSE Junior Market Index declined 21.85 points close at 869.45 and is now down 7.3 percent from the high in June. The market ended with the prices of 3 stocks declining.
At the close, the junior market was showing improved sentiments with 8 stocks having bids higher than their last selling prices, 3 with lower offers, compared to 6 to 7 on Thursday and 4 securities closing with no bids to buy while 5 had no stocks being offered for sale. Access Financial Services closed with the bid above the last selling price with 131,000 units posted by three brokers on the bid to buy above the last traded price of $11.10. Offers in the market amounts to 8,360 units for sale between $15.50 and $18.50.
JM 3-7-15Stocks trading in the junior market are, Blue Power traded just 1,600 units unchanged at $9.50, Caribbean Cream traded 1,988 units on offer at $1.60, the offer at the close is at $1.60 to sell 62,805 units and the closest bid to buy, is for 126,643 units, well below, at $1.25. Lasco Distributors traded 9,365 shares at $1.65, just 5 cents lower than when it last traded, Lasco Financial Services traded only 2,128 shares and lost 8 cents to end at $1.76 and Lasco Manufacturing had 2,000 shares changing hands 16 cents lower at $1.20 and Paramount Trading ended with 16,600 shares unchanged at $6.

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

Sharp JSE drop but 4 new highs

July 3, 2015 by

Scotia pushes market down on Friday

Scotia pushes market down on Friday

Prices on the Jamaica Stock Exchange continued to reflect an almost even number of up and down movements in prices as the main market hoovers around support level which it has been at for a large part of June. A fall in the price of Scotia Group contributed to a sharp decline in the main market on Friday but the market closed looking stronger than at the ended on Thursday.
Trading concluded with 8 stocks rising, 8 declining as 22 securities changed hands, ended in 3,083,351 units trading, valued at $32,242,560 and 4 stocks closed at 52 weeks’ high in all market segments. Overall activity resulted in JSE Market Index declining 976.49 points to 98,050.05. The JSE All Jamaican Composite index lost 1,091.46 points to close at 108,532.55 and the JSE combined index fell 1,118.74 points to end at 100,321.85.
JSE sum 3-7-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator was showing improved reading over Thursday’s close, with 12 stocks with bids higher than their last selling prices and 6 with offers that were lower, in contrast 13 to 13 at the close on Thursday.
in trading, Cable & Wireless had 424,500 units changing hands at 46 cents but closed with an offer to sell 500,000 units at 45 cents, Caribbean Cement had 96,288 units trading at $5.60 after adding 10 cents,Gleaner traded at a new 52 weeks’ high of $1.53 for a 3 cents gain, after trading 10,000 shares, with the stock rising 53 percent since mid-June. Jamaica Broilers had 48,938 shares changing hands at $5.75, National Commercial Bank in JSE fn-Qts 3-7-15trading 2,970 shares, closed with a fall of 80 cents at $29.10, Pulse Investments closed at a new 52 weeks’ high of 80 cents with 63,000 shares trading, to gain 10 cents. Sagicor Group ended with 682,573 shares trading, at a new closing 52 weeks’ high of $13.50, Scotia Group traded at $23.21, a fall $1.44 from Thursday’s close, with 812,616 shares and Supreme Ventures closed at $4 a new 52 weeks’ closing high, with 96,275 shares trading and Jamaica Money Market Brokers 8.75% preference share traded 798,388 units, but lost 1 cent to end at $2.99.

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

Scotia Group pushes Indices down

July 3, 2015 by

At mid-day Scotia Group fell back to $23.21 from $34.50 at the close on Thursday, to be the main contributor to the morning fall in the market on Friday. Trading on the Jamaica Stock Exchange continued with 19 securities traded, 6 stocks rose and 8 declined. A JSE Intra trd 3-07-15total volume of just over 2,166,651 shares have changed hands at mid-day.
The all Jamaican Composite index dropped 1,254.12 points to 108,369.89 points, JSE Combined Index declined 1,099.60 points to 100,340.99, JSE Index trades at 97,904.53 points after shedding 1,122.01 points and Junior Market Index fell to 886.69, down by 4.61 points.
The most noticeable trades so far are, Cable & Wireless trading 412,500 units at 46 cents, Gleaner traded at a new 52 weeks’ high of $1.53 after trading 10,000 shares, with the stock rising 53 percent since June 16. Pulse at a new 52 weeks’ high of 75 cents with 55,000 shares trading, Sagicor Group with 507,673 shares at $13, Scotia Group that traded at $23.21, a fall $1.44 with 812,616 shares, and Supreme Ventures at $4 a new 52 weeks’ high, with 96,275 shares trading.

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

4 stocks rose on TTSE

July 2, 2015 by

TTSEDailyTRading280x150 Trading on the Trinidad & Tobago Stock Exchange picked up a bit on Thursday with 15 securities changing hands of which 4 advanced, 3 declined, 8 traded firm, with a total of 378,246 units valued at $3,700,929 changing hands, more than twice Wednesday’s volume of 150,955 shares.
At the close of the market, the Composite Index declined by 2.31 points to close at 1,159.67, the All T&T Index lost 0.68 points to 1,969.93 and the Cross Listed Index fell 0.53 point at 45.84.
Gains| In trading, ANSA Merchant Bank ended with 1,000 shares changing hands at $38.95, to gain 4 cents, CLICO Investment Fund ended with 28,320 units changing hands, valued at $640,315 and closed 1 cent higher at $22.61. Grace Kennedy added 21,385 shares, 10 cents higher at $3.60 and Massy Holdings trading 88 shares to close at $64.30 and gained 1 cent.
Declines| Guardian Holdings had 7,475 units changing hands with a loss of 7 cents to end at $13.93, National Commercial Bank traded 12,862 shares and fell 9 cents to close at $1.70 and One Caribbean Media ended trading with 2,124 shares at $22 after shedding 40 cents, to close at a 52 weeks’ low.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings trading 6,749 units at $13.90, Firstcaribbean International Bank with 54,375 shares trading, valued at $271,875 and closed at $5. TTSE 2-7-15First Citizens Bank ended trading with 51,376 shares carrying a value of $1,836,692, to close at $35.75, National Flour Mills with 8,890 shares changing hands and ending at $2.05, Point Lisas Industrial Port traded at $3.95, with 4,500 units changing hands. Republic Bank closed with only 25 shares being purchased at $115, Sagicor Financial closing with 1,700 shares to end at $6.27 and Trinidad Cement traded 177,377 shares valued at $514,393 and closed at $2.90.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.

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

Scotia Group pushes Indices

July 2, 2015 by

After 90 minutes of trading on the Jamaica Stock Exchange, 15 securities traded JSE Intra trd 2-07-15.xlsxwith 3 stocks rising and 4 declining. A total volume of just over 442,125 shares have changed hands.
The all Jamaican Composite index inched up 401.21 to 109,707.08 points, JSE Combined Index put on 335.46 to reach 101,269.39 points, JSE Index is now at 99,100.86 points after adding 358.94 points and Junior Market Index fell to 895.87, down by 0.32 points.
The most noticeable trades so far are, Scotia Group that traded at $24.95 to gain 44 cents with 106,700 shares, Cable & Wireless traded 243,298 units at 46 cents, Pan Jamaican shed 40 cents to $61.10 with 22,520 shares trading and Gleaner traded at a new 52 weeks’ high of $1.50.

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