JSE: Starts week down

February 10, 2014 by

Monday, 10th February 2014 | JSE Market and the All Jamaican Indices were down on the Jamaica Stock Exchange as the prices of 10 stocks rose and 9 declined with a total of 31 securities trading, resulting in 2,016,956 shares changing hands for a value of $38,412,196.

The JSE All Jamaican Composite declined by 380.26 points to close at 83,572.85. The JSE Market Index fell by 250.68 points to 79,184.54.

Main Market gains | Caribbean Cement with 29,870 shares as it gained 10 cents to close at $4.12; Carreras closed up by 25 cents to $34.35 while trading 65,939 units; Jamaica Broilers had 51,214 shares trading and was up 6 cents to close at $4.86; Mayberry traded 2,000 shares to close at $2, up by 15 cents; National Commercial Bank with 302,200 units to close at $18.10 for a 10 cents gain; Sagicor Real Estate X Fund increased by 1 cent to close at $7.01, a new 52 weeks high with 8,700 units changing hands; Scotia Group with 59,150 units as the price rose by 9 cents to close at $21.10; Seprod rose 10 cents to close at $11 with 15,000 shares trading.

Firm trades | Six ordinary shares traded firm in the main market and two in the preference section. Berger Paints having 166,803 units at $1.75; Cable & Wireless with 403,970 shares to close at 30 cents; Grace Kennedy with 303,243 shares as the price slipped by 10 cents to $55; Jamaica Producers with 128,000 shares at $18.75; Kingston Wharves 22,753 shares to close at $6 and Radio Jamaica 6,245 shares at $1.60.

Jamaica Money Market Brokers 8.75% preference share traded 10,000 units to close at $3 with and the 7.25% closed at $2.50 while trading 1,000 shares.

Losers | Counted amongst the losing stocks are Barita Investments with 3,000 units at $2.50, a 10 cents drop; Jamaica Money Market Brokers had just 1,150 units trading with the price easing 3 cents to close at $7.40; Sagicor Group 25,491 shares to close at $9.30, a decline of 20 cents; Scotia Investments traded just 1,693 units as the price closed at $24.50 for a fall of $2; Supreme Ventures exchanged 13,800 shares at 3 cents less than the opening price.

JSEIndicesFeb10The JSE Junior Market Index closed down by 6.62 points to 749.04 as the price of only 2 stocks gained and 4 declined.

Junior Market winners | Access Financial with a gain of 10 cents in trading 9,028 units to close at $10.56 and Lasco Financial with 64,100 shares at $1.35, up 15 cents.

Firm trades | AMG Packaging trading only 1,054 shares to close at $3.60; General Accident 90,649 shares to close at $1.60 and Honey bun with 5,000 shares and closed at $3. Eppley 9.5% preference shares traded 21,600 units at $6.

Declines | Four stocks that suffered declines include Caribbean Producers while trading only 4,000 shares to close at $2.55 and down 15 cents; Dolphin Cove with 4,900 units, closing down 30 cents to end at $8.60; Lasco Manufacturing 55,962 units to close down a cent to $1.25 and Medical Disposables 10,000 units trading down 4 cents to $2.06.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than the last selling prices and 4 stocks with offers that were lower. The reading, which had climbed to 10 to 2 on Friday, is back to the levels seen last week Thursday with a 4 to 4.

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

TTSE: First Citizens only stock with price change

February 10, 2014 by

Monday, 10th February 2014 | First Citizens was the only stock trading with price change on the Trinidad & Tobago Stock Exchange. The stock’s price went up by 48 cents to close at $39 while trading 124,585 shares for a value of $4,858,713. Trading resulted in just 8 securities of which 1 advanced, none declined and 7 traded firm as the market seems to have gone a bit soft.

The Composite Index declined by .29 points and closed at 1,194.98, the All T&T Index edged down .58 points to 2,003.28 and the Cross Listed Index was unchanged at 50.79. Trading activity produced 341,345 shares valued at $10,887,842.

Declines | There were no declines in the market at the end of trading.

TTSEFeb10Firm trades | Angostura Holdings that contributed 6,800 shares with a value of $73,100, the price ended at $10.75; Clico Investment Fund traded 119,320 shares valued at $2,631,541, with the price remaining at $22.05; Neal & Massy traded 11,256 shares valued at $745,710 to close at $66.25; Republic Bank traded 15,572 shares valued at $2,060,317 with the price ending the day at $117.25; Sagicor Financial Corporation traded 61,012 units for a value of $487,596 as the price closed at $8; Scotiabank traded 300 shares to close at $72.50.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with bids higher than the last selling prices and 8 stocks with offers that were lower.

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

TTSE: NCB dominates trade with $19m

February 4, 2014 by

Tuesday, 4th February 2014 | National Commercial Bank added a big trade on the Trinidad stock market with 18.3 million shares at a value for $19.5 million out of the total 20,005,579 units with a value of $34,760,320 that traded. Market activity resulted in 12 securities changing hands of which 8 advanced, 1 declined and 3 traded firm.

The Composite Index increased by 3.30 points to close at 1,194.05, the All T&T Index moved up by 2.22 points to 2,004.12 and the Cross Listed Index advanced by 0.59 points to 50.43.

Gains | Clico Investment Fund, posted a volume of 34,960 shares valued at $770,885, the price gained a cent to end at $22.06; First Citizens Bank traded only 2,727 units to close at $39.95, up by 45 cents; Guardian Holdings  mustered up 26,476 units as the price closed with 10 cents gain at $14.10; National Commercial Bank exchanged 8,250,000 shares for a value of $19,527,500, the stock closed at $1.07 up by 7 cents; Neal & Massy traded 2,000 to close up by 13 cents at $65.33, the stock closed with a bid of $66.01 to buy 29,788 shares; Point Lisas Industrial Port Development had a big volume of 1,584,486 shares traded for $5,862,598 as the price $3.70 for a 20 cents gain; Sagicor Financial swapped 2,298 units for $7.61 each for a gain of 12 cents; and Unilever Caribbean traded 2,055 units at $56.53 for a 13 cents increase.

TTSEFeb4Firm trades | Angostura Holdings added 36,089 shares valued at $387,957 to close at $10.75; Republic Bank contributed 52,785 shares with a value of $6,160,537, while the price closed at $116.71; and West Indian Tobacco traded 10,999 units at $118.

Declines | Prestige Holdings was is sole decliner, falling 5 cents to end the day at $9.35, only 704 units were traded.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 9 stocks with bids that were higher than the last selling prices and 2 stocks with offers lower.

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

JSE: Advances more than declines

February 3, 2014 by

Monday, 3rd February 2014 | The first trading day on the Jamaica Stock Exchange for the new month saw more stocks gaining value than those that lost but the main market indices fell as 27 securities changed hands with 8 advancing and 6 declining.

The JSE Market Index lost 951.58 points to end at 81,436.23 and the JSE All Jamaican Composite declined by 1,443.46 points to close at 83,938.97. For the Junior Market, the index slipped by 3.93 to close at 780.55. Trading resulted in only 2,182,178 units changing hands with a value of $18,449,519.

Main Market | As the market gave back some of the gains garnered towards the end of January, investors have to learn to stomach the month-end moves and not get caught up in the hype that often accompany seasoned investors behaviour towards each month end. The pull back in prices of some of last week’s winners, namely Scotia Group, National Commercial Bank and to a lesser degree Grace Kennedy and Scotia Investments, had a telling impact on the main market indices.

Stocks gaining | Cable & Wireless with 215,000 units to close at a 52 weeks high of 27 cents with the price gaining 2 cents at the end of trading; Caribbean Cement exchanged 22,056 shares with the price increasing by 13 cents to end the day at $4.80; Carreras 30,780 shares to close at $33.99 for a 49 cent gain; Ciboney with 491,000 units closed up 2 cents at 8 cents; Gleaner with 4,878 shares gained 2 cents to close at $1.12; Jamaica Money Market Brokers gained 9 cents to close at $7.49 with 60,700 shares.

Stocks falling | Desnoes & Geddes with 41,286 units to close at $4.98 as the price slipped by 52 cents; National Commercial Bank with only 3,636 units at $17.40 for a fall of 60 cents; Scotia Group 673,560 units closing at $20.71 for a $1.23 drop; and Scotia Investments with just 8,740 units as the price fell $3.40 to end at $23.10.

JSEIndices3rdFebFirm Trades | Kingston Properties with 55,680 shares at $4.45; Sagicor Investments 7,235 units at $20 and Sagicor Group with 81,885 shares changing hands at $10. In the preference section, Jamaica Money Market Brokers 7.50% traded 54,119 units at $2.

Junior Market | Of the ten stocks trading in the junior market, only 4 had much volume changing hands.

Gainers | Caribbean Flavours traded only 2,750 shares at a new all-time high of $2.85, the price was up by 35 cents. The company announced that the board of directors will be meeting on February 5, 2014 to consider the payment of a dividend. Lasco Manufacturing traded 101,086 units to close up a cent at $1.32.

Firm Trades | Lasco Distributors traded 149,915 units and closed at $1.45; Consolidated Bakeries traded with 52,765 units at $1.15 and AMG Packaging 7,050 shares at $3.45.

Stocks falling | Lasco Financial Services traded 99,000 units, lost 4 cents to close at $1.35 and Medical Disposables 5,000 units at $2.05, down 5 cents.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than the last selling prices and 1 stock with the offer that was lower.

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

TTSE: New month starts down

February 3, 2014 by

Monday, 3rd February 2014 | The first trading day for February on the T&T Exchange saw more stocks losing value than those that gained as 9 securities changed hands of which 2 advanced, 6 declined and 1 traded firm. The Composite Index edged down by 1.29 points to 1,190.75, the All T&T Index declined by 2.54 points to 2,001.90 and the Cross Listed Index eased by 0.01 points to close at 49.84.

Trading resulted in a mere 96,942 units changing hands with a value of $2,855,024.

Stocks gaining | Agostini’s traded 106 units at $17.80 as the price gained by a cent and Republic Bank exchanged 10,108 shares for $1,179,705 with the price increasing by a cent to end the day at $116.71.

Stocks falling | Ansa Merchant Bank which traded a mere 23 shares with the price declining by 11 cents to end at $38.49; Clico Investment Fund posting a volume of 66,040 shares valued at $1,456,322, the price declined by 45 cents to end at $22.05; First Citizens Bank traded just 992 units to close $1.49 down at $38.50; Grace Kennedy contributed 7,680 shares with a value of $28,416 but the price inched down by a cent to $3.70; Scotiabank traded 500 shares as the price dropped by 40 cents to end at $72.61 while Trinidad Cement added 1,323 shares valued at $2,844 for a 15 cents fall to $2.15.

TTSEFeb3Firm Trade | Angostura Holdings had 10,170 shares changing hands for a value of $109,328, the stock closed unchanged at $10.75.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with bids higher than the last selling prices and 2 stocks with offers that were lower.

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

FX: J$ down 28 cents

January 31, 2014 by

Friday, 31 January 2014 | The selling rate for the Jamaican dollar lost 28 cents to $107.75 as dealers sold US$21,895,645 on Friday on the ForEx market. Dealers bought US$25,844,982 at an average rate of $106.98 for a rise of 8 cents.

There was buying of C$2,903,880 as the rate climbed 52 cents to $96.27 and C$4,520,878 was sold at an average rate of $97.61, and rose by $1.11. More of the British Pound was bought than sold resulting in mixed rates as £1,800,400 was purchased at an average rate of $175.17, a fall of 81 cents and £1,211,560 was sold at $178.77 for a $1.47 increase.

FX_TRADE+Currency+Jan31Other currencies that were bought amounted the equivalent of just US$159,035 with US$276,147 sold. Overall there was buying of the equivalent of US$31,565,110 and equivalent of US$28,277,467 was sold.

Highs & Lows | The highest buying rate for the US dollar fell by 15 cents to $108.25, the lowest buying rate was unchanged at $87.68 and so were the highest selling rate of $112.35 and the low at $104.05.

FX_TRADE+HighLow+Jan31The highest buying rate for the Canadian dollar fell $1.50 cents to end at $97, the lowest buying rate was gained 16 cents to end at $77.27. The highest selling rate was unchanged at $100 and the low was up by 10 cents to $93.10.

The rates for the British Pound were mixed. The highest buying rate unchanged at $178.50 and lowest buying rate went down by $3.53 to $143.18. The highest selling rate moved down by 26 cents to $181.12 while the lowest selling rate moved up by $2.5 to $172.50.

Image courtesy of DreamDesigns/FreeDigitalPhotos.net

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

JSE: 4% gain for month

January 31, 2014 by

Friday, 31 January 2014 | The Jamaica stock market closed the first month of the year up 4 percent measured by the All Jamaica and the junior market indices. The market closed out the week on a high, continuing the strong gains recorded on Wednesday and Thursday.

The overall market recorded 11,559,237 shares changing hands for a value $99,774,593.75. The advance decline ratio changed from Thursday with only 7 prices closing with gains versus 9 that fell, even as the main market indices rose strongly with gains from Scotia Group and Desnoes and Geddes. Three stocks closed at 52 weeks high, Desnoes & Geddes, Knutsford Express and Cargo handlers.

The JSE Market Index gained 1,072.34 points to end at 82,387.81 and the JSE All Jamaican Composite advanced by 1,626.66 points to close at 85,382.43.

JSEIndicesJan31Main market gains | The number of stocks that rose were less than on Thursday as the following recorded gains; Desnoes & Geddes with 42,800 units as it hit a new 52 weeks high of $5.50 as the price rose by 50 cents; Caribbean Cement with 153,200 units close 10 cents higher at $4.75; Jamaica Money Market Brokers 8.75% preference share traded 159,671 units at 5 cents higher at $3.05; Sagicor Real Estate X Fund 91,192 units at $6.75 for a 25 cents gain and Scotia Group having 1,569,595 units trading to close up $1.43 at $21.94.

Firm Trades | Cable & Wireless traded firm with 1,584,941 shares at 25 cents; Hardware & Lumber 1,000 shares at $8.08; Jamaica Broilers Group 10,000 units at $4.75; Jamaica Producers Group 2,370 shares at $18.75; Jamaica Stock Exchange 888 shares at $2.10; Kingston Wharves 23,466 shares at $6.06; National Commercial Bank 63,871 units at $18; Radio Jamaica 1,312 shares $1.60; Sagicor Group 165,098 shares at $10 and Sagicor Investments Jamaica just 1,286 units at $20.

Losers | Proven Investments ordinary share with 236,350 units to close at US16 cents as the price slipped; Gleaner 3,000 shares at $1.10, a 2 cents fall; Jamaica Money Market Brokers 6,902,685 shares at $7.40 valued at $51,637,516 as the price slipped by 9 cents; Berger Paints 10,000 units at $1.75, down 10 cents; Carreras with 86,604 units to close at $33.50 down 49 cents; Pan Jamaican Investment 5,139 shares as the price slipped by 49 cents to $48.50 and Grace Kennedy 7,177 units at $55.50 off by 50 cents.

The JSE Junior Market Index inched up 2.69 points to close at 784.48 as more shares gained than lost.

Junior market gains | There were 3 stocks recording gains in the junior market as Cargo Handlers exchanged 5,292 shares as the price gained 43 cents to close at a new all-time high of $14.03; Lasco Distributors traded 50,000 units to close up 3 cents at $1.45; and Knutsford Express 1,690 units at $5.17 for a cent increase to a new all-time high.

Firm trades | Blue Power Group 5,000 shares at $9.80; Caribbean Cream 400units at 85 cents; Medical Disposables 69,267 shares at $2.10.

Losers | There were few losing stocks in the junior market as Lasco Financial traded 265,000 shares to close at $1.39 losing a cent and Lasco Manufacturing traded 39,500 units for 2 cents fall to $1.31.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 9 stocks with bids higher than the last selling prices and only 1 stock with a offer lower.

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

FX: J$ slips 11 cents vs US$

January 30, 2014 by

Thursday, 30 January 2014 | The rate for the Jamaican dollar slipped by 11 cents against the US dollar as dealers bought US$27,351,446 at an average rate of $106.91 for a rise of 10 cents and sold US$27,496,495 at 11 cents more than on Wednesday.

The rate for the Canadian dollar climbed $1.11 to $95.75 as C$1,720,196 was bought and C$1,303,032 was sold at an average rate of $96.50, a fall of $1.14. There was buying of £1,956,646 at an average rate of $175.99, an increase of 45 cents and £1,249,474 was sold at $177.30 for a fall of 88 cents.

FX_TRADE+Currency+Jan30Other currencies that were bought amounted the equivalent of US$1,231,239 with US$1,489,659 being sold. Overall there was buying of the equivalent of US$33,344,310 and equivalent of US$32,217,463 was sold.

Highs & Lows | The highest buying rate for the US dollar fell by 15 cents to end at$108.25, while the others remained unchanged with the lowest buying closing at $87.68, the highest selling rate at $112.35 and the low at $104.05.

FX_TRADE+HighLow+Jan30The highest buying rate for the Canadian dollar dropped $1.50 to end at $97, the lowest buying rate increased by 16 cents to end at $77.27 while the highest selling rate remained unchanged at $100 and the low ended up by 10 cents to $93.10.

The highest buying rate for the Pound remained at $178.50. The lowest buying rate went down by $3.53 to $143.18, the highest selling rate moved down by 26 cents to $181.12 while the lowest selling rate moved up by $2.50 to $172.50.

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

JSE: Sagicor Companies dominate trading

January 30, 2014 by

Thursday, 30 January 2014 | Sagicor Group of companies were the dominant trades in the Jamaica stock market as investors responded to the news of the takeover of RBC Jamaican operations by trading 1,365,319 shares of Sagicor Group for $13,747,021 pushing the price up by a $1 to close at $10 and the also drove up Sagicor Investments price as it closed up by $1.50 at $20 but with only 6,279 share trading.

The stock market continued where it left off on Wednesday the more stocks recording gains than those that fell as the overall market recorded 7,033,415 shares changing hands for a value $33,797,672. Knutsford Express traded at a new 52 weeks high of $5.16. The advance decline ratio changed from Wednesday with only 11 prices closing with gains versus 7 that fell compared with 21 to 10 on Wednesday.

The JSE Market Index gained 774.99 points to end at 81,315.47 and the JSE All Jamaican Composite advanced by 1,175.59 points to close at 83,755.77.

Main market gainers | Kingston Wharves 3,000 units to close up by 6 cents at $6.06; Scotia Group with 78,163 units closed up 11 cents at $20.51; Scotia Investments  traded just 9,425 units but closing up 25 cents at $26.50; and Supreme Ventures 23,550 units to close up 13 cents at $2.43.

JSEIndicesJan30Losers | Berger Paints with 365,424 units closing at $1.85 and was off by a cent; Caribbean Cement with 23,000 units, closing down 35 cents to $4.65; Desnoes & Geddes 10,000 shares at $5.00 as the price eased by 15 cents; Grace Kennedy 32,000 shares to close at $56.00, down by 30 cents; Jamaica Broilers 31,531 units at $4.75 for a 25 cents fall; Jamaica Producers 480 units to close at $18.75, off by $1.05; and Pan Jamaican Investment Trust with only 554 shares to close down $1.01 at $48.99,

Firm traders | Cable & Wireless with 337,583 units at 25 cents; Carreras 55,258 units at $33.99; Jamaica Money Market Brokers with 3,900 ordinary shares at $7.49; Jamaica Money Market Brokers 8.75% preference share with 3,214,000 units at $3 and the 7.50% preference share with 260,400 units at $2; Mayberry Investments 6,797 shares at $2; Sagicor Real Estate X Fund 3,000 shares at $6.50; Salada Foods 8,950 shares at $9 and National Commercial Bank 59,462 units at $18.

The JSE Junior Market Index declined by 1.20 points to close at 781.79 with no stock recording a loss.

Junior market gainers | Lasco Financial 100,000 shares $1.40, up by 10 cents; 1,690 shares of Knutsford Express closing at $5.16, up 4 cents for a record high; Lasco Distributors 790,200 units at $1.42 for a cent gain and Lasco Manufacturing gained a cent to close at $1.33 with 61,905 units.

Firm trades | Blue Power 5,000 units at $9.80; Caribbean Producers at $2.75 with 171,045 shares and KLE Group with 4,900 at $1.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than the last selling prices and 3 stocks with offers that were lower.

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

TTSE: First Citizens drops to $38

January 30, 2014 by

Thursday, 30 January 2014 | High flyer, First Citizens Bank, dropped by $1.99 to $38 at the end of trading on the Trinidad Stock Exchange as it traded only 100 units. The stock peaked at $43 last week and then started to decline thereafter with some profit taking by investors. Citizens was listed in September 2013 after a very successful IPO at $22 each.

Advancing and declining stocks were evenly matched in trading as 275,935 shares traded with a value of $4,712,718 with 15 securities trading of which 4 advanced, 4 declined and 7 traded firm. The Composite Index declined by 3.25 points to close at 1,184.66, the All T&T Index declined by 6.19 points to close at 1,997.83 and the Cross Listed Index fell 0.04 points to close at 48.862

Gainers | The main traded stocks with gains include Clico Investment Fund that traded 108,408 shares valued at $2,438,828, the price increased by 4 cents to end at $22.51; Neal & Massy closing at $65.16 up 15 cents; One Caribbean Media traded only 50 shares with the price closing at $18.82 up 5 cents; Sagicor Financial Corporation exchanged 25,441 shares for a value of $$190,631 to close up 21 cents at $7.51.

Losers | With the exception of the fall in First Citizens Bank, declines were moderate as Agostini’s lost a cent to close at $17.99 with 7,300 shares trading; Jamaica Money Market Brokers traded 90,040 shares for a value of $40,588 but the price declined by 5 cents to end at 45 cents; Scotia Investments had a volume of 5,000 shares traded for $71,000 as the stock price ended down 3 cents to close at $1.42.

TTSEJan30Firm trades | More stocks traded with their prices unchanged than the gainers or losers. Included amongst them are Angostura Holdings traded 21,038 units to close at $10.75; Ansa MaCal traded 3,148 units to close at $66.30; Grace Kennedy traded 500 units to close at $3.71; Guardian Holdings traded just 140 units to close at $14; National Enterprises contributed 2,111 shares to close at $18.25. West Indian Tobacco added 11,247 shares valued at $1,327,146 as the stock closed at $118.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with bids that were higher than the last selling prices and 5 stocks with offers lower.

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