JSE off to big July start

July 1, 2015 by

Scotia rose to $24.50 during trading to help push market on Wednesday

Scotia rose to $24.50 during trading to help push market on Wednesday

Activity on the Jamaica Stock Exchange ended commenced the start of July with strong showing as Scotia Group climbed $1.25 to help push the main indices strongly upwards and pushing one time in trading the All Jamaica Composite index over 2,000 points.
Trading ended with 12 stocks rising, 7 declining as 29 securities changed hands and ending in 12,250,815 units trading, valued at $88,380,669 and 3 stocks closed at 52 weeks’ high in all market segments. The main market closed with 6 stocks advancing to 3 falling.
The JSE Market Index declined 1,470.77 points to 98,741.92 the JSE All Jamaican Composite index gained 1,643.93 points to close at 109,305.87 but JSE sum 1-7-15the JSE combined index rose 1,218.10 points to end at 101,216.67 thanks to gains in the junior market offsetting declines in the main market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator was showing a poor reading of only 6 stocks with bids higher than their last selling prices and 7 with offers that were lower, a deterioration over the ratio of 10 to 6 on Tuesday.
In trading, Cable & Wireless had 278,936 units changing hands to close 1 cent higher at 46 cents. Caribbean Cement had only 3,410 units trading at $5.70 after shedding 30 cents, Carreras lost 79 cents in trading just 27,687 shares to close at $48.21. Desnoes and Geddes traded at $7.55 with 42,504 shares, Gleaner ended with 13,000 shares changing hands to gain 8 cents, for a 52 weeks’ high of $1.48, Grace Kennedy gained 50 cents to reach $64 while 132,737 shares changed hands. Kingston Wharves traded just 1,000 shares and shed 55 cents in closing at $6.60, JSE fn-Qts 1-7-15National Commercial Bank in trading 25,835 shares, to close unchanged at $29.04, Pan Jamaican Investment had 21,147 shares changing hands at $61.50, Pulse Investments traded at a new 52 weeks’ high of 70 cents after adding 15 cents with 9,000 shares trading. Proven Investments ended with 366,320 ordinary shares trading at 21.2 US cents, up from US$21, Sagicor Group gained just 1 cent with 147,788 units trading, to end at $13.01 after trading as high as $14.50, a new 52 weeks’ high and Scotia Group that traded 10,505 shares to close at $24.50 after trading at $25 and as low as $23.25 to gain $1.25.

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

Paramount Trading’s big trade

July 1, 2015 by

Paramount_building Paramount Trading dominated the junior market with 10,549,936 shares changing hands at $6. Activity closed with 9 securities trading and ended with 11,106,761 units changing hands valued at $64,567,505. The JSE Junior Market Index declined 18.58 points close at 896.19. The market ended with the prices of 4 stocks advancing, 5 declining with 2 closing at 52 weeks’ high and 1 at a new low.
At the close of the junior market was flashing weak signals for Wednesday with 3 stocks having bids higher than their last selling prices, 4 with lower offers and 4 securities closing with no bids to buy while only 3 had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial Services closing with 28,700 shares gained 8 cents to close at $11.10, Blue Power ending with 8,901 units changing hands to close at $9.50, Caribbean Flavours trading 2,000 shares to close at $2.53 after losing 2 cents. Caribbean Producers traded 2,000 shares at $2.80, Dolphin Cove trading only 1,250 units at $12 for a loss of $1,JM - 1-7-15 at the close Lasco Distributors sold 304,274 shares and gained cents 1 cents at $1.70. Lasco Financial Services traded 69,700 shares and lost 13 cents to end at $1.80, Lasco Manufacturing had 140,000 shares changing hands at $1.36 and lost 9 cents at the end.
Caribbean Cream did not trade but remained under pressure closing with 75,800 units on offer at $1.55, 5 cents below the last traded price with the bid at $1.25, to buy 126,643 units, while offers are at $160, $1.70 up to $2.

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

Cargo Handlers keep on sailing away

June 30, 2015 by

CAR H 2015-06-26 Activity on the Junior Market was moderate and closed with 11 securities trading and ended with only 347,331 units changing hands valued at $1,016,457. The JSE Junior Market Index advanced 15.05 points close at 914.77. The market ended with the prices of 4 stocks advancing, 5 declining with Cargo Handlers closing at 52 weeks’ high.
At the close of the junior market was flashing weak signals for Wednesday with 4 stocks having bids higher than their last selling prices, 5 with lower offers and 5 securities closing with no bids to buy while only 3 had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial Services closing with 5,951 shares trading 2 cents up at $11.02, AMG Packaging ending with just 200 units changing hands to close 1 cent lower at $3.19 but had an offer at $3.15 at the end to sell 27,775 shares. Cargo Handlers recorded yet another all-time high in trading 9,342 units $1.50 higher to close at $30, Caribbean Cream traded 1,000 units at $1.60, Caribbean Flavours trading 16,581 shares to close at $2.53 after losing 2 cents, JM 30-6-15Caribbean Producers traded 5,000 shares and lost 20 cents to $2.80, Dolphin Cove trading only 811 units at $13 for a new high, after gaining 40 cents. At the close Knutsford Express sold 920 shares at $6.10. Lasco Financial Services traded 218,100 shares and gained 12 cents to end at $1.93, Lasco Manufacturing had 26,937 shares changing hands at $1.45 to again 14 cents at the end, Medical Disposables ended at $2.25 with 10,000 shares changing hands with a loss of 5 cents and Derrimon Trading 11.75% preference share closed with a 10 cents loss at $2.40.

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

J$ 1 cent from $117 to US$1 Monday

June 29, 2015 by

J$1000front Monday’s trading in foreign currencies in Jamaican came down from the lofty heights of Friday’s trading as foreign exchange dealers bought the equivalent of US$44,006,677, in contrast to US$109,789,460 on Friday, while they sold the equivalent of US$45,314,596 versus US$86,467,457 previously.
In US dollar trading, dealers bought US$40,659,188 compared to US$104,883,104 on Friday. The buying rate for the US dollar declined 43 cents to $116.29 and US$42,723,695 was sold versus US$83,731,477 on Friday, the selling rate rose 7 cents to $116.99. The Canadian dollar buying rate fell $1.38 to $91.98 with dealers buying C$1,474,785 and selling C$633,071, at an average rate that declined 14 cents to $94.30. FX sum 29-6-15The rate for buying the British Pound lost $1.58 cents to $180.26 for the purchase of £1,100,105, while £825,122 was sold, at an average rate that climbed 17 cents to $183.88. At the end of trading, it took J$130.26 to purchase the Euro, 57 cents less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.08 for 4 cents less than Friday’s rate. Other currencies bought, amounted to the equivalent of US$475,673, while the equivalent of US$783,772 was sold.
Highs & Lows| The highest buying rate for the US dollar dipped 3 cents to $117.07, the lowest buying rate and the highest selling rates remained at $$95.61 and $122.52, respectively while the lowest selling rate dropped $17.69 to $95.61. The highest buying rate for the Canadian dollar moved down 30 cents to $94.30, the lowest buying rate gained 4 cents at $74.99. FX hl 29-6-15The highest selling rate rose $1.55 to $98.10 and the lowest selling rate lost $1.45 to $90.35. The highest buying rate for the British Pound, fell 65 cents to $184.35, the lowest buying rate put on 8 cents to $147.82, with the highest selling rate rising $2.57 to $190.57 and the lowest selling rate climbed $1.60 to $178.10.

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

Paramount a new high of $6

June 29, 2015 by

Paramount traded at a new all-time high of $6.

Paramount traded at a new all-time high of $6.

Activity on the Junior Market was moderate and closed with 7 securities trading and ended with only 116,204 units changing hands valued at $443,370. The JSE Junior Market Index advanced 0.18 points close at 899.72. The market ended with the prices of 5 stocks advancing, 2 declining with 2 closing at 52 weeks’ high and 1 at a new low.
At the close of the market, there were 3 stocks with bids higher than their last selling prices, 4 with lower offers and 4 securities closing with no bids to buy and 8 that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial Services closing with 21,233 shares trading $1 lower, at $11, Caribbean Flavours trading 20,496 shares to close at $2.55, Dolphin Cove trading only 811 units at $13 for a new high, after gaining 40 cents. JM 29-6-15KLE with a small volume of 1,364 shares, lost 5 cents to close at 65 cents, the lowest price it has traded at to date. At the close KLE was offered for sale at 60 cents and had no bids posted to buy. Lasco Distributors traded 47,500 shares and gained 4 cents to end at $1.69, Lasco Financial Services 19,800 shares at $1.81 after losing 12 cents and Paramount Trading closing at a new 52 weeks high of $6, after adding 89 cents. Caribbean Cream did not traded but closed with an offer to sell 30,000 units at $1.55 with the last price the stock traded at being $1.60, the bid is someway off at $1.25.

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

Huge forex trading in Jamaica Friday

June 26, 2015 by

NCB buys US$32.9m on Friday

NCB buys US$32.9m on Friday

Friday was a huge day for trading in foreign currencies in Jamaican as foreign exchange dealers bought the equivalent of US$109,789,460 or US$23,322,004 more than the amount sold, in contrast to only US$29,947,285 on Thursday, while they sold the equivalent of US$86,467,457 versus just US$27,593,054 previously.
Scotia Bank bought US$18.7 million and sold US$16.8 million while National Commercial Bank bought US$32.85 and sold only US$21.5 million, the next largest trade was Sagicor Bank with US$10.9 million bought to US$8.6 million sold.
In US dollar trading, dealers bought US$104,883,104 compared to US$27,666,499 on Thursday. The buying rate for the US dollar increased 50 cents to $116.72 and US$83,731,477 was sold versus US$26,103,111 on Thursday, the selling rate rose 3 cents to $116.92. The Canadian dollar buying rate rose $1.05 to $93.36 with dealers buying C$2,034,353 and selling C$1,742,563, at an average rate that rose 2 cents to $94.44. FX sum 26-6-15rThe rate for buying the British Pound gained 48 cents to $181.84 for the purchase of £1,661,063, while £785,759 was sold, at an average rate that climbed 34 cents to $183.71. At the end of trading, it took J$130.83 to purchase the Euro, 20 cents more than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.13 for 21cents more than Thursday’s rate. Other currencies bought, amounted to the equivalent of US$691,331, while the equivalent of US$93,900 was sold.
Highs & Lows| The highest buying rate for the US dollar dipped 12 cents to $117.10, the lowest buying rate jumped $4.91 to $95.61. The highest selling rate remained at $122.52 and the lowest selling rate jumped $17.69 to $113.30.FX hl 26-6-15rv The highest buying rate for the Canadian dollar moved down $1.40 to $94.60, the lowest buying rate remained at $74.95. The highest selling rate declined $1.45 to $96.55 and the lowest selling rate rose $1.50 to $91.80. The highest buying rate for the British Pound, rose 85 cents to $185, the lowest buying rate remained at $147.74, with the highest selling rate rising $1.08 to $188 and the lowest selling rate climbed $1.70 to $179.70.

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

Trading returns to norm on TTSE

June 26, 2015 by

Republic Bank may have bottomed out & seems poised to rise.

Republic Bank may have bottomed out & seems poised to rise.

Trading on the Trinidad & Tobago Stock Exchange returned to lower levels investors have become accustomed to in recent months and cooled from high level enjoyed on Thursday when Republic Bank accounted for $30.56 million and Clico Investment with $11 million of the total value of trading.
On Friday the market ended with 11 securities changing hands of which 1 advanced, 4 declined, 6 traded firm, with a total of 642,830 units, valued at $1,697,215 changing hands. At the close, the Composite Index lost 0.43 points to close at 1,161.52, the All T&T Index fell 0.64 points to 1,969.75 and the Cross Listed Index declined by a mere 0.03 points to end at 46.36.
Gains| Unilever Caribbean traded at a new 52 weeks’ high of $66.39 with just 315 units changing hands.
TTSE sum 26-6-15 Declines| ANSA McAl with 700 shares changing hands fell 25 cents to end at $67.25, First Citizens Bank with 1,575 shares trading closed 1 cent lower at $35.75. Grace Kennedy traded 157,665 shares valued at $551,838 for a loss of 3 cents to end at $3.50 and One Caribbean Media had 1,101 units changing hands and lost 2 cents at $22.40.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, CLICO Investment Fund with 8,200 units valued at $185,320 changing hands at $22.60, JMMB Group closing with 362,964 shares with a value of $165,037 to end at 45 cents. Massy Holdings trading 1,647 shares to close at $64.34, National Flour had 104,708 shares changing hands valued at $214,251, to end at $2.05, Republic Bank ended trading with 1,509 shares valued at $173,535 to close at $115. Republic closed with a bid to purchase 7,686 shares at $115 with an offer to sell 1,754 units at $116, an indication that the decline in price may now be over with some recovery may be on the way with the big trade on Thursday. Scotiabank traded 2,446 shares with a value of $152,264 to close at $62.25.
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 3 stocks with offers that were lower.

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

Cargo Handlers new high of $28.50

June 26, 2015 by

CAR H 6-15 Activity on the Junior Market closed with 9 securities trading and ended with 227,627 units changing hands valued at $719,458. The JSE Junior Market Index advanced 5.56 close at 899.90. The market ended with the prices of 5 stocks advancing, 2 declining with 2 closing at 52 weeks’ high.
At the close of the market, there were 2 stocks with bids higher than their last selling prices, 4 with lower offers and 4 securities closing with no bids to buy and 5 that had no stocks being offered for sale.
Stocks trading in the junior market are, AMG Packaging ending with just 100 units changing hands to close 4 cents higher at $3.20 but had an offer at $3.15 at the end. Cargo Handlers recorded yet another all-time high in trading 2,170 units $2.50 higher to close at $28.50 and record a strong gain of 78 percent since the start of the year. Caribbean Cream with 8,757 shares traded at $1.60, Caribbean Producers traded 200,000 shares to gain 20 cents to $3, Consolidate Bakeries landed just 1,000 units but ended atJM 26-6-15 a 52 weeks’ high of $1.25 after posting a gain of 8 cents. Dolphin Cove traded 200 shares to close at $12.60 by shedding 18 cents, Jamaican Teas ended at $4 with 5,000 shares changing hands, Lasco Distributors traded 2,000 shares and declined by 3 cents to end at $1.65 and Lasco Financial traded 8,400 shares but rose 3 cents in closing at $1.93. At the close there was an offer to sell 11,241 units of Lasco Financial at $1.85.

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

JSE enjoying slow Friday

June 26, 2015 by

Trading was mild with 75 minutes of trading having elapsed leading to 11 securities JSE Intra - 26-06-15.trading with 5 rising and 2 declining comprising a total volume of only 252,281 shares changing hands.The all Jamaican Composite index inched up 81.31 to 107,496.53 points, JSE Combined Index put on 77.40 to 99,682.59 points, JSE Index is now at 97,123.17 points after adding 72.75 points and Junior Market Index fell to 895.31, up by 0.97 points.
The most noticeable trade so far is Pan Jamaican with just 760 units trading as the price rose by $2.93 to $63.70, National Commercial Bank with 137,010 shares changing hands at $29 and Proven Investments with 76,970 shares at 21.2 US cents.

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

Juniors below 900 points

June 25, 2015 by

JSE sign Activity on the Junior Market closed with 8 securities trading and ended with 294,026 units changing hands valued at $954,783. The JSE Junior Market Index declined 14.05 on top of a fall of 15.87 points on Wednesday to close at 894.34, the first time it closed below 900 points since crossing over this level on June 3.
At the close of the market, the prices of 2 stocks advanced, 3 declined with 2 closing at 52 weeks’ high and there were 4 stocks with bids higher than their last selling prices, 4 with lower offers and 4 securities closing with no bids to buy and 5 that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial ending with 17,562 units changing hands to close with a loss of $1.50 at $12 Cargo Handlers finished with 10,000 units to close at $26,Caribbean Cream with 3,357 shares traded higher by 1 cent to $1.60,JM 25-6-15 Caribbean Producers traded 6,000 shares and lost 8 cents to $2.80, Dolphin Cove trading 200 shares to close at $12.78 but ended with an offer to sell just 200 shares at $12.60. Honey Bun ended at $2.88 with 20,038 shares changing hands, Lasco Financial traded 152,759 shares but fell 5 cents in closing at $1.90 and Lasco Manufacturing traded 84,000 shares but gained 1 cent to end at $1.31.

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