There was much more buying of foreign currencies than selling on Thursday with purchases of all currencies by dealers, amounting to US$37,493,058 compared with the US$36,565,083, on Wednesday and selling the equivalent of US$31,450,866 versus US$48,322,723 sold on Wednesday.
In US dollar trading, dealers bought US$33,053,912 compared to US$33,977,211 on Wednesday. The buying rate for the US dollar fell 10 cents to $115.27 and US$28,391,214 was sold versus US$45,963,520 on Wednesday, the selling rate fell 4 cents to $115.72. The Canadian dollar buying rate recovered $1.68 to $91.36 with dealers buying C$2,001,8708, and selling C$1,360,165, at an average rate that fell 76 cents, to $92.28. The rate for buying the British Pound rose $1.78 to $175.49 for the purchase of £1,369,125, while £908,270 was sold, at an average rate of $177.08, up by $1.10. At the end of trading it took J$130.86 to purchase the Euro, 23 cents lower than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.47 for 31 cents down from Wednesday. Other currencies bought, amounted to the equivalent of US$768,256 while the equivalent of US$585,240, was sold.
Highs & Lows| The highest buying rate for the US dollar, climbed 15 cents to $115.90, the lowest buying rate recovered 67 cents to $94.36 and the highest selling rate rose 54 cents to $120.91. The lowest selling rate dropped $13.89 to $96.21. The highest buying rate for the Canadian dollar dived $4.90 to $93.10, the lowest buying rate declined $3.91 to $72.33. The highest selling rate dipped $6.10 to $95 and the lowest selling rate fell $4.70 to $87.15. The highest buying rate for the British Pound, rose $2.10 to $177.50. The lowest buying rate climbed $1.79 to $141.56, the highest selling rate gained $2.30 to $182.49 and the lowest selling rate increased $2.15 to $170.55.
J$ gains against US$ on Thursday
Carib Producers’ results hit stock
Activity on the Junior Market ended with Caribbean Producers pulling back today, after gaining on Wednesday, on robust volume of 4,393,426 shares. The company reported much improved results over the poor first quarter numbers, with the latest figures showing slightly lower profit for the December quarter of US$1.03 million versus US$1.18 million, for the similar period in 2013. For the year to December, profit is in at US$1.012 million versus US$1.62 million.
Trading closed with 6 securities being active, ending with 552,558 units changing hands valued at $1,033,150. The JSE Junior Market Index declined 4.90 points to close at 701.53, with the prices of 2 stocks advancing and 3 declining.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 1 with the offer that was lower. The junior market ended with 5 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Lasco Distributors ending trading with 11,540 shares changing hands, 1 cent higher at $1.46, Lasco Manufacturing closing with just 4,000 shares trading as the price gained 1 cent to end at $1.16, General Accident ending with 236,240 shares trading at $1.65. AMG Packaging lost 27 cents with 7,500 units trading as the price closed at $2.22, Caribbean Producers trading 276,000 shares and closed lower by 20 cents to $2.10 and Lasco Financial closed with 17,278 shares changing hands 4 cents lower at $1.06.
3 up 3 down on TTSE
Trading on the Trinidad Stock Exchange ended Wednesday with 12 securities changing hands of which 3 advanced, 3 declined and 6 traded firm with a total of 1,192,767 units, valued at $6,189,604.
At the close of the market, the Composite Index rose 0.54 points to close at 1,147.61, the All T&T Index gained 1.19 points to close at 1,980.43 and the Cross Listed Index fell by a mere 0.02 points to end at 41.21.
Gains| Stocks increasing in price at the close are, National Flour Mills contributed 66,687 shares with a value of $97,346.73, closed at $1.46 with a 1 cent gain. Prestige Holdings closed with 1,953 shares traded gained 4 cents to a new 52 weeks’ high of $9.70 and Trinidad Cement with a volume of 242,192 shares being traded for $667,888 and put on 16 cents to end at $2.76.
Declines| The stocks declining at the end of trading are, Massy Holdings with 500 shares changing hands suffered 1 cent decline to $63.87, a 52 weeks’ low. One Caribbean Media stock price fell by 1 cent to close at $23.95 while trading 2,183 shares and Sagicor Financial Corporation with 811,070 shares changing hands for a value of $4,056,478, ended at $5 with a 2 cents loss.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Berger Paints traded 26 units at $3.65, Clico Investment Fund had 38,050 shares changing hands valued at $856,125 and remained at $22.50, First Citizens Bank traded 7,038 shares valued at $251,608, to close at $35.75. National Commercial Bank with 6,603 shares traded to end at $1.18, Scotiabank traded 2,065 shares at $62.10 and Scotia Investments added 14,400 shares and closed at $1.45.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator shows 5 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.
US$ sell off on Wednesday
There was much more selling of US dollars and buying on Wednesday with purchases of all currencies by dealers, amounting to US$36,565,083 compared with the US$52,472,921, on Tuesday and selling amounted the equivalent of US$48,322,723 versus US$52,667,402 sold on Tuesday.
In US dollar trading, dealers bought US$33,977,211 compared to US$47,894,069 on Tuesday. The buying rate for the US dollar fell 9 cents to $115.37 and US$45,963,520 was sold versus US$50,135,525 on Tuesday, the selling rate fell 1 cent to $115.76. The Canadian dollar buying rate lost 66 cents to $89.68 with dealers buying C$864,019, and selling C$908,229, at an average rate that climbed $1.05, to $93.04. The rate for buying the British Pound declined $1.35 to $173.71 for the purchase of £821,183, while £669,848 was sold, at an average rate of $175.98, a fall of 2 cents. At the end of trading it took J$131.10 to purchase the Euro, 17 cents lower than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.78 for a gain of 6 cents from Tuesday. Other currencies bought, amounted to the equivalent of US$679,837 while the equivalent of US$610,927, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 20 cents to $115.75, the lowest buying rate declined 67 cents to $93.69 and the highest selling rate declined 54 cents to $120.37. The lowest selling rate jumped $18.90 to $110.10. The highest buying rate for the Canadian dollar rose $5.25 to $98, the lowest buying rate rose $2.78 to $76.24. The highest selling rate climbed $6.14 to $100.10 and the lowest selling rate rose $3.35 to $91.85. The highest buying rate for the British Pound, dipped $1.45 to $175.40. The lowest buying rate fell $1.12 to $139.77, the highest selling rate dropped $1.44 to $180.19 and the lowest selling rate declined $1.35 to $168.40.
12 stocks rose 5 fell on JSE Wednesday
Carreras closed at a new 52 weeks’ high on Wednesday as investors pushed the stock to $45 at the close.
Main Market| The JSE Market Index gained 493.53 points to 78,307.17, the JSE All Jamaican Composite index rose 551.80 points to 86,269.36 and the JSE combined index gained 431.35 points 80,233.08.
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 with offers that were lower.
Kingston Properties closed up 50 cents to $7.50 on Wednesday
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless closed with 13,017 shares changing hands to close at 50 cents, Grace Kennedy had 32,532 units trading at $60, Jamaica Broilers closed with 11,229 shares changing hands at $4.05, Jamaica Money Market Brokers ending with 2,369 shares trading at $7, Mayberry Investments ending with 3,765 units trading at $2, Pan Jamaican Investment finished with 43,700 shares changing hands at $53.
Declines| The last traded prices of stocks with losses at the close of the main market are, Desnoes & Geddes closing with 6,000 units, the price slipped 3 cents to $4.82, Proven Investments finishing with 120,400 units, ended 1 cent down to 19 US cents and Scotia Investments in trading 10,400 shares closed lower by 44 cents, to $22.56.Preference| Brokers 8.75% preference share ended trading with 1,040,303 units changing hands and gained 8 cents to $3.10, a 52 weeks’ high and Jamaica Money Market Brokers 7.50% preference share finished with 716,489 units trading at $2.
Caribbean Producers tops juniors
Caribbean Producers traded nearly 4.4 million shares and rose in trading on Wednesday. Mayberry Investment was the broker that did all the buying while Stocks & Securities did the bulk of the selling, except for two smaller trades, amounting to 143,000 units.
Activity on the Junior Market closed with 6 securities traded ending with 5,082,755 units changing hands valued at $11,034,581. The JSE Junior Market Index declined 3.54 points to close at 706.43, with the prices of 3 stock advancing and 2 declining. At the close of the market, there were 4 stocks with bids higher than their last selling prices and only 1 stock with an offer that was lower. The junior market ended with 5 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Caribbean Cream in trading 200 shares closed with a gain of 1 cent to 76 cents, Caribbean Producers finished with 4,393,426 units trading 10 cents higher to $2.30, Lasco Financial closed with 6,472 units and put on 5 cents to $1.10, Lasco Distributors closing with 5,310 shares trading at unchanged at $1.45, General Accident ended trading with 281,669 shares changing hands to close lower by 10 cents to $1.65 and Lasco Manufacturing closing with 395,678 units trading lower by 5 cents to $1.15.
J$ gains against all on Tuesday
Buying and selling of foreign currencies were evenly matched on Tuesday with purchases of all currencies by dealers, amounting to US$52,472,921 compared with the US$44,929,592, on Monday and selling amounted the equivalent of US$52,667,402 versus US$41,948,561 sold on Monday.
In US dollar trading, dealers bought US$47,894,069 compared to US$39,664,531 on Monday. The buying rate for the US dollar rose 18 cents to $115.46 and US$50,135,525 was sold versus US$39,600,050 on Monday, the selling rate fell 3 cents to $115.77. The Canadian dollar buying rate gained 34 cents to $90.34 with dealers buying C$1,006,374, and selling C$585,864, at an average rate that dipped 34 cents, to $91.99. The rate for buying the British Pound rose $1.40 to $175.06 for the purchase of £2,419,838, while £1,253,095 was sold, at an average rate of $176, a fall of 23 cents. At the end of trading it took J$131.27 to purchase the Euro, 10 cents lower than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.72 for a drop of 9 cents from Monday. Other currencies bought, amounted to the equivalent of US$122,408 while the equivalent of US$161,350, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents to $115.95, the lowest buying and the highest selling rates were unchanged at $94.36 and $120.91 respectively. The lowest selling rate dipped $3.15 to $91.20. The highest buying rate for the Canadian dollar fell 25 cents to $92.75, the lowest buying rate rose 42 cents at $73.46. The highest selling rate was unchanged at $94.96 and the lowest selling rate rose 50 cents to $88.50. The highest buying rate for the British Pound, rose 25 cents to $176.85. The lowest buying rate fell 67 cents to $140.89, the highest selling rate rose 34 cents to $181.63 and the lowest selling rate declined 25 cents to $169.75.
TCL up 10.6% to $2.60
Trinidad Cement gained nearly 11 percent in trading on the Trinidad Stock Exchange on Tuesday, and closed with the bid at $2.61, with no stocks offered for sale. A total of 12 securities changed hands of which 3 advanced, 1 declined and 8 traded firm, with a total of 1,124,148 units, valued at $17,398,957.
At the close of the market, the Composite Index rose 0.91 points to close at 1,147.07, the All T&T Index rose increased by 1.83 points to end at 1,979.20 and the Cross Listed Index remained at 41.23.
Gains| Stocks increasing in price at the close are, National Enterprises with 160,000 shares being traded for $2,783,543, closed up 6 cents at $17.40, Sagicor Financial Corporation contributed 13,731 shares at $5.02, up 2 cents and Trinidad Cement with 331,000 shares changing hands for a value of $842,050 to end with an increase of 25 cents to $2.60.
Declines| The stocks declining at the end of trading are, Massy Holdings traded 1,000 units and declined 1 cent to end at $63.88 for a new 52 weeks’ low.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund trading 601,300 shares valued at $13,529,316 but remained at $22.50, First Citizens Bank trading 2,737 shares to end at $35.75. Firstcaribbean International Bank traded 500 shares to close at $5.02, Grace Kennedy traded 1,100 shares at $3.65 while Jamaica Money Market Brokers added 12,000 shares at 43 cents. National Commercial Bank ended trading with 300 shares at $1.18, National Flour Mills traded 450 shares at $1.45 and One Caribbean Media traded 30 units to close $23.96.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator shows 4 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.
J$ holds against US, gains v others
Buying of foreign currencies were exceeded the amounts sold on Monday by US$3 million. Purchases of all currencies by dealers, translated to US$44,929,592 compared with the US$29,168,659, on Friday and selling amounted the equivalent of US$41,948,561 versus US$30,094,413 sold on Friday.
In US dollar trading, dealers bought US$39,664,531 compared to US$25,360,133 on Friday. The buying rate for the US dollar rose 1 cent to $115.28 and US$39,600,050 was sold versus US$27,840,423 on Friday, the selling rate remained at $115.80. The Canadian dollar buying rate dropped 54 cents to $90 with dealers buying C$1,232,481, and selling C$637,313, at an average rate that dipped 27 cents, to $92.33. The rate for buying the British Pound fell $1.29 to $173.66 for the purchase of £2,659,571, while £983,934 was sold, at an average rate of $176.23, a fall of 31 cents. At the end of trading it took J$131.37 to purchase the Euro, 99 cents lower than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.81 for a drop of $1.03 from Friday. Other currencies bought, amounted to the equivalent of US$296,630 while the equivalent of US$343,000, was sold.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying and the highest selling rates were unchanged at $115.90, $94.36 and $120.91 respectively. The lowest selling rate dipped $17.15 to $94.35. The highest buying rate for the Canadian dollar rose by 50 cents to $93, the lowest buying rate was unchanged at $73.04. The highest selling rate eased 4 cents to $94.96 and the lowest selling rate was unchanged at $88. The highest buying rate for the British Pound, lost 10 cents to $176.60. The lowest buying rate was unchanged at $141.56, the highest selling rate rose 18 cents to $181.29 and the lowest selling rate declined 55 cents to $170.
4 up 2 down on TTSE Monday
Trading on the Trinidad Stock Exchange was with 11 securities changing hands of which 4 advanced, 2 declined and 5 traded firm with a total of 363,622 units, valued at $2,765,193.
At the close of the market, the Composite Index lost 0.40 points to close at 1,146.16, the All T&T Index rose by just 0.03 points to close at 1,977.41 and the Cross Listed Index fell 0.11 points to end at 41.23.
Gains| Stocks increasing in price at the close are, Agostini’s gained 5 cents to $17.60, while trading 6,792 units, One Caribbean Media ending with a gain of 1 cent while trading 7,890 units to close $23.96. Prestige Holdings trading 1,000 shares to close with a gain of 5 cents to a new 52 weeks’ high of $9.66 and Trinidad Cement contributed 58,305 shares with a value of $136,050.65, while closing at $2.35.
Declines| The stocks declining at the end of trading are, Massy Holdings trading 100 shares to close with a loss of 6 cents, at a new 52 weeks’ low of $63.89 and Sagicor Financial with 156,210 shares changing hands for a value of $783,860 fell 15 cents to close at $5, for a new 52 weeks’ low.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens Bank trading 5,748 shares valued at $205,491, to close at $35.75. Clico Investment Fund with 51,620 shares valued at $1,161,498 remained at $22.50, Jamaica Money Market Brokers with a volume of 60,000 shares being traded at 43 cents, National Commercial Bank added 14,166 shares at $1.18 and Scotiabank traded 1,791 shares at $62.10.
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 3 stocks with offers that were lower.