Activity picks up on junior market

December 22, 2014 by

Dolphin Cove was one of the stocks gaining on the junior market on Monday

Dolphin Cove was one of the stocks gaining on the junior market on Monday

Activity is picking up in the junior market with far less stocks closing without bids on Monday. There has been noticeable improvement in this measure over the last two weeks with the number falling from as high as 11 a few weeks ago.
Trading on the Junior Market closed with only 7 securities traded and ended with 187,106 units valued at $207,965. The JSE Junior Market Index rose 3.44 points to close at 682.98, with the price 4 advancing. At the close of the market, there was 1 stock with the bid higher than the last selling price and 2 stocks with offers that were lower. The junior market continues to show improvement in sentiment with only 4 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
The stocks trading in the junior market on Monday are, Cargo Handlers that ended with 754 shares changing hands, to close with a gain of 40 cents at $14.60. Dolphin Cove ended with 2,475 trading to close 40 cents higher at $8.50, Lasco Manufacturing finished trading 32,500 units for 2 cents more at $1.12, Medical Disposables concluded trading with 7,000 shares changing hands, to close 5 cents up at $1.75. AMG Packaging closed with 23,300 units trading as the price remained at $2.15, Lasco Distributors closed with 15,000 shares changing hands at $1.45 and Lasco Financial finished with 106,077 shares at 98 cents.

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

Moderate price movement on TTSE

December 19, 2014 by

Trading on the Trinidad Stock Exchange ended the week with 10 securities changing hands of which 3 advanced, 4 declined and 3 traded firm with a total of 152,046 units, valued at $9,114,659.
TTSE 19-12-14At the close of the market, the Composite Index rose 0.14 points to close at 1,144.88, the All T&T Index rose by just by 0.25 points to close at 1,978.54 and the Cross Listed Index increased by a mere 0.01 points to end at 40.74.
Gains| Stocks increasing in price at the close are, First Citizens Bank traded 3,250 shares to close with a gain of 2 cents at $37.02. Jamaica Money Market Brokers added 2 cents in closing at 42 cents with 2,000 units trading and West Indian Tobacco gained 11 cents to end at $121.40 trading 1,162 units to reach a new 52 weeks’ high.
Declines| The stocks declining at the end of trading are, Angostura Holdings with 7,902 shares trading, for $104,781 and closed at $13.26 down 24 cents followed by Clico Investment Fund traded 800 shares and lost 1 cent to end at $23. One Caribbean Media lost 3 cents in trading 822 units to end at $25.06 and Sagicor Financial Corporation traded 2,000 units and lost 5 cents to close at $5.95.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Guardian Holdings that contributed 3,680 shares to trading, at $13.25. Massy Holdings with 127,120 shares changing hands for a value of $8,644,160, closed at $68 and National Commercial Bank added 3,310 shares to end at $1.16.
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 none with an offer that was lower.

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

Republic dominates TTSE with $28m

December 18, 2014 by

Republic_bank Trading on the Trinidad Stock Exchange closed with 13 securities changing hands of which 2 advanced, 4 declined and 7 traded firm with a total of 580,242 units, valued at $30,195,905 but Republic Bank was the star attraction accounting for the largest trade in monetary terms, accounting for $27.8 million of the total amount traded on Thursday.
At the close of the market, the Composite Index rose 0.77 points to close at 1,144.74, the All T&T Index gained 1.54 points to close at 1,978.29 and the Cross Listed Index remained at 40.73.
Gains| Stocks increasing in price at the close are Angostura Holdings climbed 50 cents to end at $13.50, for a 52 weeks’ high and Clico Investment Fund with 74,460 shares valued at $1,712,590 gained 1 cent to end at $23.01.
Declines| The stocks declining at the end of trading are, Jamaica Money Market Brokers with 239,457 shares changing hands, for $97,698 and closed with 1 cent decline at 40 cents. National Flour Mills added 8,404 shares at $1.15 after losing a cent followed by Republic Bank that traded 232,666 shares for $27,861,754 but lost 1 cent to end at $119.75 and Unilever Caribbean 100 Shares at $64.50 after losing 1 cent.
TTSE 18-12-14 Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens Bank with 7,823 shares ended at $37, Grace Kennedy traded 2,620 units at $3.75, Guardian Holdings contributed 10,387 shares with a value of $137,629, to end at $13.25. Guardian Media with 957 shares, closed at $19.77, Massy Holdings traded 35 shares at $68, National Enterprises had only 10 shares changing hands at $17.49 and 1,000 L.J. Williams B shares traded at 90 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 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: , , , , , , , , , , , ,

Low activity on junior market

December 18, 2014 by

The junior market has been slowly rebuilding since a 2014 low reached in June

The junior market has been slowly rebuilding since a 2014 low reached in June

Activity Trading on the Junior Market closed with 7 securities traded and ended with 383,283 units valued at $624,792. The JSE Junior Market Index rose 8.21 points to close at 687.29, with the price 2 advancing and only 1 falling. At the close of the market, there were 3 stocks with bids higher than their last selling prices and 1 stock with the offer that was lower. The junior market continues to limited participation from a number of the junior market stocks with 6 securities closing with no bids to buy. There were 7 securities that had no stocks being offered for sale.
Blue Power closed with 910 units with a 14 cents gain to $6.30, followed by Lasco Distributors finishing trading with just 1,600 units to close trading with an increase of 9 cents at $1.50. AMG Packaging closed trading with 51,578 shares changing hands at $2.15, General Accident had 220,595 shares trading at $1.75 followed by Honey Bun with a mere 300 shares at $2, Lasco Financial ended trading with 3,300 units at $1.05 and Lasco Manufacturing traded 105,000 shares and lost cents 2 to end at $1.10.

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

Strong price gains ahead on JSE

December 17, 2014 by

Bull280X150Activity on the Jamaica Stock Exchange was low, resulting in the prices of 5 stocks rising and 7 declining as 18 securities changed hands, ending in 3,633,602 units trading, valued at $6,595,479, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator was reflecting a very strong signal, showing 13 stocks with bids higher than their last selling prices and only 1 stock with the offer lower.
Main Market| The JSE Market Index lost 552.75 points to 75,560.44, the JSE All Jamaican Composite index fell 618.05 points to close at 83,198.39 and the JSE combined index declined by 406.69 points to close at 77,394.93.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Caribbean Cement ended trading with 1,650 shares 10 cents higher to $2.50, Kingston Properties reached a new 52 weeks’ high in trading 8,300 shares to close 92 cents up at $6.90, at the close there was a bid to buy 191,700 units at $6.90 and an order to purchase 914,000 units at $6. Mayberry Investments ended trading with 187,117 units 7 cent higher to $1.52.
Firm| The stocks in the main market to close without a change in the last traded prices are, Jamaica Money Market Brokers ending trading with 3,002 ordinary shares at $7. Jamaica Producers closed trading with 5,718 shares at $17.50, Kingston Wharves finished with 65,667 units at $6 and Pan Jamaican Investment ended trading with 34,067 shares changing hands at $60.
JSe 17-12-14 Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless closing with 2,927,292 units trading with the price slipping 3 cents, to 47 cents. Carreras finished with 4,936 shares trading lower by $1.05 at $36.20. Grace Kennedy ended trading with 3,098 shares changing hands to close down $2.50, at $60.50, Sagicor Group closed with 9,000 shares, 9 cents lower at $10, Salada Foods had 131,000 units trading, with the price slipping 19 cents to $7.81 and Scotia Group traded 26,480 shares and the price closed lower by 49 cents to $20.01.

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Demand up for Lasco Manufacturing

December 17, 2014 by

Lasco Manufacturing new bottling line at their new factory at White Marl, St Catherine

Lasco Manufacturing new bottling line at their new factory at White Marl, St Catherine

Activity Trading on the Junior Market saw increased buying interest in Lasco Manufacturing which moved the price higher, at the close there were bids at $1.11 to buy 44,000 units and at $1.10 to buy 881,000 shares. Selling is limited at levels close to the last traded price.
The junior market closed with only 5 securities traded and ended with 226,275 units valued at $273,781. The JSE Junior Market Index rose 12.09 points to close at 679.08, with the price 2 stocks advancing and 1 falling. The junior market sentiment is improving with 5 securities closing with no bids to buy compared to 11 a few weeks ago. There were 8 securities that had no stocks being offered for sale while at the close, there were 4 stocks with bids higher than their last selling prices and none with lower offers.
The stocks trading are, Lasco Distributors trading 51,000 shares with the price rising 1 cent to $1.41, Lasco Manufacturing concluded trading with 120,875 units and put on 12 cents to $1.12. Consolidated Bakeries ended with 10,000 shares at 82 cents, Lasco Financial ended with 24,400 shares at $1.05 and General Accident ended with 20,000 shares trading 5 cents lower to $1.75.

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

Scotia in demand on TTSE

December 17, 2014 by

Scotiabank profit rose for 2014, helping to push demand for the stock which rose in Wednesdays trading.

Scotiabank profit rose for 2014, helping to push demand for the stock which rose in Wednesdays trading.

There is strong demand to buy Scotiabank shares. At the end of trading the bid on the stock was at $60.53 to buy 123,951 units but there were no sellers of the stock that has been recovering from the sell off since June this year, before bottoming at $57.95. The stock last traded at $60.51 this week.
Trading on the Trinidad Stock Exchange ended, with 9 securities changing hands of which 2 advanced, 2 declined and 5 traded firm, with a total of 54,521 units, valued at$1,397,330.
At the close of the market, the Composite Index lost 0.09 points to close at 1,143.97, the All T&T Index fell by just 0.18 points to close at 1,976.75 and the Cross Listed Index remained at 40.73.
Gains| Stocks increasing in price at the close are, Ansa Merchant Bank that traded 287 shares and gained 1 cent to end at $39.45, for a new 52 weeks’ high and National Flour Mills gained 1 cent to end the day at $1.16 with 6,000 shares changing hands.
TTSE17-12-14 Declines| The stocks declining at the end of trading are, Clico Investment Fund traded 25,215 shares valued at $580,021 but declined by 1 cent to end at $23 and National Enterprises with 2,000 shares traded at $17.49 to close down a cent.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA McAL with 5,695 shares trading valued at $378,091 and closed at $66.39. First Citizens Bank contributed 5,467 shares with a value of $202,280 and ended at $37, Guardian Holdings traded 3,007 shares at $13.25, Massy Holdings traded 2,033 shares to close at $68, while National Commercial Bank added 4,817 shares to the total of stocks traded and closed at $1.16.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator showed 5 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.

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

J$ gain on euro falls vs others Tuesday

December 16, 2014 by

The Jamaican dollar lost value against the United States dollar and against the euro but gained against the Pound and the Canadian dollar on Tuesday, a day of robust foreign exchange trading.
FX sum 17-12-14Overall, there was buying of the equivalent of US$43,503,554 versus US$56,094,979 on Monday, and selling of the equivalent of US$46,130,818 compared to US$47,505,422 on Monday. In US dollar trading, dealers bought US$38,358,526 compared to US$49,500,391 on Monday. The buying rate for the US dollar rose 23 cents to $113.88 and US$42,437,376 was sold versus US$43,962,004 on Monday. The selling rate rose 12 cents to $114.41. The Canadian dollar buying rate inched up 8 cents to $96.30 with dealers buying C$1,987,289 and selling C$2,034,522, at an average selling rate that rose 36 cents, to $98.82. The rate for buying the British Pound fell 44 cents to $176.87 for the purchase of £2,127,681, while £992,180 was sold, the rate climbed 30 cents to $179.17. At the end of trading it took J$141.98 to purchase the Euro, 24 cents less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.06, as the rate fell 56 cents. Other currencies bought, amounted to the equivalent of US$160,113 while the equivalent of US$382,324, was sold.
FX HL 17-12-14Highs & Lows| The highest buying rate for the US dollar, closed 10 cents higher at $114.75, the lowest buying rate gained 17 cents to $93.69. The highest selling rate was unchanged $120.05 and the lowest selling rate jumped $17.98 to $111.50. The highest buying rate for the Canadian dollar declined by 38 cents to end at $98.62. The lowest buying rate closed 12 cents lower, at $78.52. The highest selling rate rose 59 cents to $102.50 and the lowest selling rate moved down 15 cents to $94.60. The highest buying rate for the British Pound, rose 80 cents to $180.50. The lowest buying rate closed 21 cents lower at $143.96, highest selling rate lost 27 cents to $185.59 the lowest selling rate rose 45 cents to $173.45.

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Rising prices hold sway on JSE

December 16, 2014 by

Activity on the Jamaica Stock Exchange, continues with a bullish bias and ended in the prices of 10 stocks rising and only 2 declining as 17 securities changed hands, ending in 4,801,191 units trading, valued at $30,772,622, in all market segments. The IC Bid offer indicator is pointing to continuation of rising prices having the upper hand, over declining ones.
JSE sum 16-12-14 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 10 stocks with bids higher than their last selling prices and just 2 stocks with offers that were lower. This is a positive indicator for the market pointing to rising prices ahead.
Main Market| The JSE Market Index gained 190.04 points to 76,113.19, the JSE All Jamaican Composite index rose 212.50 points to close at 83,816.44 and the JSE combined index gained 192.73 points to close at 77,801.62.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Berger Paints finished trading with 46,668 shares with the price rising 9 cents to $1.60, Carreras ended with 195,379 shares, the price jumped $1.10 to $37.25 but at the close there was an offer to sell at $36.20, Hardware & Lumber ended trading with 2,666 shares changing hands to close 4 cents higher at $7.51. Jamaica Broilers completed trading with 2,325,782 shares with the price rising 4 cents to $4.10, National Commercial Bank contributed 420,000 units to trading and put on 10 cents to $18.50, Sagicor Group ended trading with 151,205 shares with an increase of 13 cents to $10.09 and Salada Foods finished trading with 19,200 shares as the price jumped 20 cents to $8.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless finished with 156,869 shares trading at 50 cents, importantly, today’s trade exposes the offer at 55 cents with 95,000 units being offered and just above that, is 97,000 units at 58 cents. The highest bid is now at 48 cents for 1.8 million units. Caribbean Cement ended trading with 27,711 shares changing hands to close at $2.40, Proven Investments ended with 19,520 shares trading at 19 US cents and Scotia Group closed with 104,305 shares changing hands at $20.50.
Declines| The Gleaner Company was the only main stock to end with a loss as there was trading in 59,570 but ended losing 4 cents to close at a 52 weeks’ low of 95 cents.

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Massy overshadows with $10M trade

December 16, 2014 by

Masst Logo Massy Holdings accounted for $10.38 million or 89 percent of the total value of shares traded on the Trinidad Stock Exchange on Tuesday while 9 securities changed hands of which 4 advanced, 3 declined and 2 traded firm. A total of 209,437 units, valued at $11,652,953 traded.
At the close of the market, the Composite Index rose 1.30 points to close at 1,144.06, the All T&T Index rose 0.01 points to close at 1,976.93 and the Cross Listed Index increased by 0.34 points to end at 40.73.
Gains| Stocks increasing in price at the close are, Angostura Holdings trading 1,224 shares to close at $13 with a gain of 8 cents. National Commercial Bank with 30,000 shares trading closed 5 cents higher at $1.16, Scotiabank added 8,010 shares valued at $484,685 and gained 1 cent to end at $60.51 and Unilever Caribbean gained 26 cents to end at a new 52 weeks’ high of $64.51 while trading 5,000 shares.
TTSE 16-12-14 Declines| The stocks declining at the end of trading are, Clico Investment Fund which traded 2,575 shares valued at $59,246 and lost 4 cents to close at $23.01. Massy Holdings had 152,480 shares changing hands for a value of $10,375,955 and closed at $68, down by 24 cents and Republic Bank traded 100 shares and lost 3 cents to close at $119.76.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens Bank that traded 9,048 shares valued at $334,776 to close at $37 and Guardian Holdings trading 1,000 shares to close at $13.25.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 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: , , , , , , , , , ,