5 up 4 down on TTSE on Monday

June 8, 2015 by

Trinidad Cement traded 674,117 shares on Monday

Trinidad Cement traded 674,117 shares on Monday

Trading on the Trinidad Stock Exchange ended with 15 securities changing hands of which 5 advanced, 4 declined and 6 traded firm with a total of 1,224,678 units, valued at $5,350,043.
At the close of the market, the Composite Index rose 0.99 points to close at 1,160.45, the All T&T Index fell by just 0.09 points to close at 1,970.44 and the Cross Listed Index increased by a mere 0.27 points to end at 45.98.
Gains| Stocks increasing in price at the close are, ANSA McAL trading 1,200 shares and closed with a gain of 1 cent to end at a 52 weeks’ high of $67.07 while Ansa Merchant Bank traded 18,307 shares valued at $713,058 and gained 3 cents to $38.95. First Citizens Bank traded 3,502 shares to close at $35.81, up 1 cent, National Commercial Bank contributing 163,161 shares with a value of $283,784, to end at $1.76 after gaining 6 cents and Scotiabank with 6,782 shares changing hands for a value of $424,214, closed with a gain of 1 cent at $62.55.
TTSE 8-6-15rv Declines| The stocks declining at the end of trading are, Clico Investment Fund with 54,643 shares valued at $1,229,683 traded and declined by 5 cents to end at $22.50, Guardian Holdings suffered a loss of 9 cents to close at $14.05 while trading 4,000 shares. Massy Holdings traded 2,424 shares valued at $155,988 to close with a loss of 1 cent at $64.35 and National Enterprises with 3,842 shares traded and closed at a new 52 weeks’ low of $17.19 after losing a cent.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, JMMB Group with 280,000 shares being traded for $131,600 and closed at 47 cents. Guardian Media with 200 shares closed at $19.76, Firstcaribbean International Bank contributed 11,000 shares as the price closed unchanged at $5, Sagicor Financial Corporation 6.5% preference shares traded 1,000 units at US$1.10, Trinidad Cement ended the day at $2.90, with 674,117 shares changing hands, for a value of $1,954,939.
and West Indian Tobacco traded 500 shares and closed at $125.33
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 1 stock with a lower offer.

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

Buying exceeds selling for second day

June 8, 2015 by

FX_USPound Purchase of all currencies by dealers exceeded the amounts sold by US$5 million on Friday and by $4 million on Monday. Changes in the rates were mixed on Monday with the Jamaican dollar easing slightly versus the US dollar and sliding a bit against the Canadian but the Jamaican gained ground on the Pound. Dealers bought the equivalent of US$42,299,523 compared with US$36,853,492, on Friday while they sold the equivalent of US$37,983,946 versus US$ $31,821,560 previously.
In US dollar trading, dealers bought US$39,031,074 compared to US$34,602,528 on Friday. The buying rate for the US dollar fell 10 cents at $115.68 and US$36,387,817 was sold versus US$30,415,132 on Friday, the selling rate rose 1 cent to $116.23. FX sum 8-6-15The Canadian dollar buying rate fell 1 cent to $90.46 with dealers buying C$1,087,438 and selling C$683,0624, at an average rate that rose 17 cents to $93.22. The rate for buying the British Pound fell 90 cents to $174.23 for the purchase of £1,413,526, while £597,187, was sold, at an average rate that eased by 79 cents to $177.45. At the end of trading it took J$129.12 to purchase the Euro, $1.93 less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.69 for $1.78 less than Friday’s rate. Other currencies bought, amounted to the equivalent of US$289,244, while the equivalent of US$136,644, was sold.
Highs & Lows| The highest buying rate for the US dollar was unchanged at $116.40, the lowest buying rate dropped $1.70 to $88.06, the highest selling rate remained unchanged at $121.98, but the lowest selling rate fell $1.88 to $95.19.FX hl 8-6-15 The highest buying rate for the Canadian dollar rose 90 cents to $94, the lowest buying rate slipped 25 cents to $73.62, the highest selling rate rose $1.94 at $96.50 and the lowest selling rate declined $1.30 to $88.70. The highest buying rate for the British Pound, slipped 50 cents to $178.50, the lowest buying rate closed down $8.18 to $135, with the highest selling rate rising $1.94 to $183.24 with the lowest selling rate declining $1.25 to $171.25.

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JSE closes down on Monday

June 8, 2015 by

Carreras traded over 4 million shares on Monday

Carreras traded over 4 million shares on Monday

Activity on the Jamaica Stock Exchange, resulted in the prices of 13 stocks rising, 5 declining as 35 securities changed hands, ending in 8,007,892 units trading, valued at $232,771,926 and 4 stocks traded at hew 52 days high, in all market segments.
TheJSE Market Index lost 299.63 points to 97,788.91, theJSE All Jamaican Composite index fell 334.90 points to close at 108,240.66 and the JSE combined index declined 285.04 points to end at 100,463.91.
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 6 with offers that were lower.
JSE 8-6-15Stocks trading include, Cable & Wireless had 380,130 units trading and closed at 43 cents, Carreras with 4,067,804 shares at mostly $50, to shed $1 from Friday’s close. Desnoes & Geddes gained 5 cents while trading 37,000 units to close at $7.55, Hardware & Lumber traded 111,500 shares at $18, Jamaica Broilers with 218,900 shares at $5.50, JMMB Group 85,992 shares after slipping 30 cents to $7.50, the Jamaica Stock Exchange traded 16,000 shares to close at $5. The directors of the JSE met during the day and declared a dividend of 53 cents per shares to be paid in July. Mayberry Investments ended with 267,075 units at $3, JSE fn qts 08-6-15National Commercial Bank closed with 113,100 units trading at $29. At the close NCB had 17 offers to sell 818,742 shares at $30 each and 4 bids amounting to 704,000 units to buy between $29.02 and $28, thereafter, meaningful bids are at $26.50. Pan Jamaican Investment had just 1,285 units trading at a new 52 weeks’ high of $62, after gaining $1.45, Scotia Group had 612,697 shares changing hands to close at $25.51 and Jamaica Money Market Brokers 7.50% preference share traded 561,800 units and ended at $2.30.

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

Ansa McAl trades $13.4M on TTSE

June 5, 2015 by

Ansa McAl tradeds amount to TT$13.4

Ansa McAl tradeds amount to TT$13.4

Trading on the Trinidad Stock Exchange ended with 11 securities changing hands of which 4 advanced, 1 declined and 6 traded firm with a total of 1,381,622 units, valued at $19,886,412 with Ansa McAl accounting for 67 percent of the value of trades.
At the close of the market, the Composite Index rose 0.31 points to close at 1,159.46, the All T&T Index gained 69 points to close at 1,970.53 and the Cross Listed Index fell by a mere 0.01 points to end at 45.71.
Gains| Stocks increasing in price at the close are, Clico Investment Fund with 2,150 units trading and advancing 5 cents, to $22.55, Massy Holdings trading 47,875 shares valued at $3,081,215, to close higher by 11 cents, at $64.36. Sagicor Financial Corporation trading 13,700 units at $6.05, after inching up 1 cent and Trinidad Cement ending the day 6 cents up, at $2.86 with 1,082,946 shares changing hands, for a value of $3,096,347.
TTSE 5-6-15 Declines| Grace Kennedy fell 2 cents to end the day at $3.53 while trading only 400 shares and was the only stock declining at the end of trading.
Firm Trades| Stocks closing with prices unchanged at the close of trading are, ANSA McAL with 200,250 shares changing hands and carrying a value of $13,428,765 closed at $67.06, First Citizens Bank trading 3,275 shares to close at $35.80. JMMB Group with 21,354 shares trading, closed at 47 cents, National Flour with 9,502 shares trading, ended at $2, Point Lisas Industrial Port trading 100 shares valued at $3.81 and Prestige Holding trading 20 units at $9.90.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 1 stock with the bid higher than their last selling prices and 1 stock with a lower offer.

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

JSE struggles to break out

June 5, 2015 by

Buyers are willing to buy proven at a PE of 48, by far the highest in the market.

Buyers are willing to buy proven at a PE of 48, by far the highest in the market.

The Jamaica Stock Exchange main market continues to struggle to move decisively away from the 108,000 point level, the previous point of resistance now turn support, on the all Jamaican composite index. In Friday’s trading the market pulled back from just under 110,000 points it closed ta on Thursday.
Trading in the market resulted in the prices of 10 stocks rising, 8 declining as 31 securities changed hands, ending in 4,581,896 units trading, valued at $24,655,549, in all market segments and 3 stocks closed a new 52 weeks’ high, in all market segments. The main market of the JSE Market Index lost 1,163.43 points to 98,088.54, theJSE All Jamaican Composite index fell 1,300.42 points to close at 108,575.56 and the JSE combined index dropped by 1,097.94 points to end at 100,748.95.
JSe sum 5-6-15 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 just 2 with offers that were lower. The indications from pass comparisons with the next day actual performance suggests that the numbers of stocks likely to rise on the next trading day will be close to the number of higher bids but the negatives number could end being 2 to 4 times the above lower bids.
In trading, Cable & Wireless continues to shed cents from the stock price as it traded 105,232 shares, to end at 43 cents 2 cents down. Caribbean Cement had just 10,000 shares trading, but it lost 20 cents to close at $4.80, Carreras had just 3,200 units changing hands at $1 higher to $51, Jamaica Stock Exchange had 15,850 units changing hands for 5 cents more to reach a new 52 weeks closing high of $5.05 JSE fn 5-6-15as the board of the company meets on Monday coming, to declare a dividend. National Commercial Bank lost 60 cents while trading 131,412 units to end at $29, Sagicor Group finished with 25,900 shares to close at $12, Proven Investments traded a good volume of 368,945 shares to close at 21 US cents, but finished with the bid at US 22 cents for a hand full of shares. If the stock should trade at this level the valuation would be a PE ratio of 48 times ongoing earnings, well above any other stock on the exchange. Jamaica Money Market Brokers 7.25% preference share trading 1.8 million units and the 8.75% preference share ending with 999,225 shares.

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

Juniors slightly down on Friday

June 5, 2015 by

Lasco Financial closed at a new high of $1.91 on Friday

Lasco Financial closed at a new high of $1.91 on Friday

Activity on the Junior market of the Jamaica Stock Exchange, closed with 7 securities trading, and ended with 918,052 units changing hands valued at $2,698,093. The JSE Junior Market Index slipped 0.12 points to close at 912.54, with the price of 4 stocks rising, 2 declining and 2 closing at 52 weeks’ high.
At the close of the market, there were 5 stocks with bids higher than their last selling prices and only 1 with a lower offer. The junior market ended with 2 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, Cargo Handlers finishing with 34,202 units, to close 52 cents higher at a 52 weeks’ high of $23,JM 5-6-15 Caribbean Cream with 25,000 shares trading at $1.35. Caribbean Producers with 206,000 shares trading higher by 12 cents to $3, Derrimon Trading finished trading with 281,900 shares, 5 cents lower at $2.10, Lasco Distributors traded 118,850 shares, 6 cents lower to $1.65, Lasco Financial Services finished trading with 252,000 units, the price gained 5 cents, to close at a new all-time high of $1.91 and just 100 Lasco Manufacturing’s shares changed hands, 5 cents higher to $1.43.

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

JSE records gains as 12 stock rose

June 4, 2015 by

JSE closed at a new high on Thursday of $5

JSE closed at a new high on Thursday of $5

Activity on the Jamaica Stock Exchange, resulted in the prices of 12 stocks rising, 8 declining as 28 securities changed hands, ending in 29,030,930 units trading, valued at $172,290,893, in all market segments.The market continues to record new 52 weeks’ high with 4 new highs recorded at the end of trading in the main and junior markets.
The JSE Market Index rose by 850.14 points to 99,251.97, JSE sum 4-6-15the JSE All Jamaican Composite index rose 950.23 points to close at 109,875.98 and the JSE combined index gained 909.48 points to end at 101,846.89.
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 4 with offers that were lower.
After two hours of trading on Thursday there was heavy trading in a number of stocks. The big trades for the day are Caribbean Cement with 4,504,011 shares to close at $4.80, the vast majority traded at $5. Carreras traded 528,878 units to end at $50, Jamaica Broilers with 3,019,120 shares changing hands, closed at $5.50, Scotia Group traded 1,103,300 shares with the price closing unchanged at $25.50 as Scotia Investment bought most of those to trade. Supreme Ventures had 8,559,749 shares traded to end at $3.50, down 25 cents and Jamaica Money Market Brokers 7.50% preference share traded 836,000 units with a gain of 19 cents to end at $2.30.
Elsewhere in the market, Jamaica Stock Exchange traded 21,150 units to end with a gain JSE fnl qts 4-6-15of 20 cents to a new closing high of $5. National Commercial Bank with 248,135 shares closed at $29.60 to end with a 5 cents gain, Pan Jamaican Investment traded 5,678 shares to close 3 cents higher at a new 52 weeks high of $60.55, Pulse Investments traded 300,000 units at 45 cents, to gain 9 cents for a new 52 weeks high. Sagicor Group had 388,585 shares trading to close at $12, Sagicor Real Estate Fund traded 418,797 shares at $7.60, up 50 cents on the day, Scotia Investments exchanged 20,028 shares to close at $26.28 and Proven Investments traded 146,255 shares at 21 US cents.

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

Carib Producers tops trading

June 4, 2015 by

CaribbeanProducers(CPJ)600X250 Trading picked up on the Junior Market with 7 securities trading, and ended with 8,635,658 units changing hands valued at $25,070,304 as Caribbean Producers accounts for the majority of the volume and value of trades. The JSE Junior Market Index gained 11.91 points to end at a new closing high of 912.66, with the price of 2 stocks advancing, 1 declining and 1 closing at 52 weeks’ high.
At the close of the market, there were 6 stocks with bids higher than their last selling prices and only 2 with lower offers. The junior market ended with 3 securities closing with no bids to buy and 8 securities that had no stocks being offered for sale.
JM 4-6-15 chtStocks trading in the junior market are, Caribbean Producers traded 7,617,000 units to close at $2.88, after it traded earlier in the trading session at $3. General Accident Insurance concluded trading with just 5,822 shares changing hands to end at $2, Jamaican Teas ended with 150,000 shares trading unchanged at $3.50, Lasco Distributors traded 322,540 shares at $1.70, Lasco Financial Services finished trading with 216,350 units, 5 cents at an all-time high of $1.86. There was dealing in 69,846 Lasco Manufacturing’s shares as the stock traded lower by 2 cents to $1.38 and Derrimon Trading 9.5% preference share closed trading with 254,100 units at $2.50.

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

J$ stable against US$ on Wednesday

June 3, 2015 by

FXtrading600x250 Purchase of all currencies by dealers, amounted to the equivalent of US$23,652,668 on Wednesday compared with US$29,566,209, on Tuesday. Dealers sold the equivalent of US$30,343,409 versus US$34,947,602 previously, as the Jamaican dollar was stable against the US dollar but fell in value versus the Pound and Canadian dollar at the end of trading.
In US dollar trading, dealers bought US$21,643,631 compared to US$24,221,951 on Tuesday. The buying rate for the US dollar fell 10 cents at $115.43 and US$27,817,822 was sold versus US$32,246,014 on Tuesday, the selling rate remained at $116.12. FX sum 3-6-15The Canadian dollar buying rate fell 59 cents to $90.84 with dealers buying C$712,047 and selling C$1,155,983, at an average rate that climbed $1 to $93.82. The rate for buying the British Pound declined $1.19 to $174.71 for the purchase of £915,729, while £815,969, was sold, at an average rate that climbed 66 cents to $177.78. At the end of trading it took J$129.23 to purchase the Euro, $2.68 more than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.64 for $2.58 more Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$62,758, while the equivalent of US$342,336, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents t0 $116.35, the lowest buying rate jumped $5.84 to $95.19. The highest selling and the lowest selling rates remained unchanged $121.98 and $113.30 respectively. The highest buying rate for the Canadian dollar declined 15 cents to $93.50. FX HL 3-6-15The lowest buying rate fell 54 cents to $73.16, the highest selling rate declined 30 cents to $96.20 and the lowest selling rate rose 50 cents to $89.30. The highest buying rate for the British Pound, fell 44 cents to $178.36, the lowest buying rate closed at $142.88, up 87 cents, the highest selling rate rose $1.40 to $184.20 with the lowest selling rate jumping $8.80 to $173.80.

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

3 new highs on TTSE

June 3, 2015 by

Unilever closed at a new 52 weeks high on Wednesday

Unilever closed at a new 52 weeks high on Wednesday

Trading on the Trinidad Stock Exchange ended with 3 stocks closing at 52 weeks’ highs while 16 securities changed hands of which 7 advanced, 4 declined and 5 traded firm with a total of 127,374 units, valued at $949,932.
At the close of the market, the Composite Index fell by 1.56 points to close at 1,159.15, the All T&T Index rose by just 0.62 points to close at 1,969.84 and the Cross Listed Index decreased by 0.50 points to end at 45.72.
Gains| Stocks increasing in price at the close are, Ansa McAL traded 900 shares to close with a gain of 1 cent at $67.06, Massy Holdings ended up with 380 units changing hands 15 cent higher at $64.25. Mora Ven Holdings, with 200 shares trading closed at a 52 weeks’ high of $14.98 as the price gained a cent. The stock was traded for the first time since April last year, according to data on the Trinidad & Tobago Stock Exchange. National Flour Mills with 1,500 shares changing hands, closed with a gain of 10 cents at $2, for a new 52 weeks’ high. Point Lisas gained 1 cent to end at $3.81 with just 300 shares trading, Unilever Caribbean contributed 3,839 shares with a value of $254,724 and gained 21 cents to end at $66.36 for another r52 weeks’ high and West Indian Tobacco closed 2 cents up to $125.33 with 94 shares trading.
TTSE -03-06-15 Declines| The stocks declining at the end of trading are, Clico Investment Fund which lost 5 cents to close at $22.50 with 7,150 shares trading, valued at $160,888. Grace Kennedy added 1,900 shares to close 2 cents lower at $3.55, National Commercial Bank contributing just 120 shares, 5 cents lower at $1.70 and JMMB Group with a volume of 100,000 shares being traded 3 cents lower, at 47 cents.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Agostini’s ending with 1,100 shares trading, in closing at $17.25. First Citizens Bank trading 9,781 shares valued at $350,181 closed at $35.80, National Enterprises with 250 shares closed at $17.20, Prestige Holdings ended with just 10 shares changing hands at $9.90 and Scotiabank traded 50 units at $62.54.
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.

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