JSE: Market hit by declining stocks

January 23, 2014 by

Thursday, 23th January 2014 | The Jamaica stock market recorded a negative day with 11 stock declining to 5 advancing on a day with 3,443,891 shares changing hands with a value of $18,691,167.

The negative performance was reflected in the market indices with the JSE Market Index declining by 402.47 points to close at 79,771.25, the JSE All Jamaica Composite fell 610.49 points to 81,413.32 and the JSE Junior Market Index dipped by 10.72 points to 775.31.

Main Market | The main trades included Berger Paints with 445,725 shares to close at unchanged at $1.80; Caribbean Cement 108,345 shares to close at a new 52 weeks high of $4.02 after trading as high as $4.50 during the day; Carreras 14,019                  shares as the price fell $2 to $34.50; Desnoes & Geddes 45,909 shares closing firm at $5; Grace Kennedy 123,716 units down $1 at $55; Hardware & Lumber 17,500 shares as the price eased by $1 to $8; Mayberry Investments 1,223,442 shares at $2; National Commercial Bank 133,900 shares at $18; Sagicor Group 11,117 shares as the price closing at $8.45, off by 4 cents; Scotia Group  66,879 units to close at $20.65, a fall of 35 cents; Seprod was down 20 cents to $10.80 with 107,484 units; Supreme Ventures 78,102 units closing at $2.40 as the price eased by 10 cents.

In the preference share section, Jamaica Money Market Brokers 8.75% traded 350,500 at $3.01.

JSEIndicesJan23Junior Market | The major traded securities include Consolidated Bakeries 100,000 shares falling by 2 cents to $1.17; Lasco Distributors 14,199 units at $1.45; Lasco Financial Services 435,725 up a cent to close at $1.36; Lasco Manufacturing lost 8 cents with 130,998 shares to close at $1.30 and Medical Disposables 11,000 shares at $2.20.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had only 4 stocks with bids higher than the last selling prices and 5 stocks with offers that were lower.

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

TTSE: Neal & Massy climbs $1.31

January 23, 2014 by

Thursday, 23th January 2014 | Conglomerate Neal & Massy traded up by $1.31 to reach a new 52 weeks high in Thursday’s trading to close at $65.01 on the Trinidad Stock Market on a day when 10 securities traded of which 4 advanced, 2 declined and 4 traded firm with a volume of 368,901 shares changing hands valued at $13,322,055.

The Composite Index inched up by 0.53 points to 1,197.06, the All T&T Index advanced by 1.41 points to close at 2,022.86 and the Cross Listed Index declined by 0.04 points to end at 48.81.

Gainers | Clico Investment Fund traded 123,159 shares valued at $2,771,227 as the price advanced by 2 cents to end at $22; Neal & Massy had 122,126 shares changing hands for a value of $7,823,662 to close at $65.01; National Enterprises put on 9 cents to close at $18.10 with a volume of 33,000 shares valued at $597,300; Republic Bank traded 6,417 shares at $116.23 up by 4 cents.

TTSEJan23Decliners | First Citizens Bank fell 45 cents to close at $42.49 with 27,815 shares valued at $1,191,764; Jamaica Money Market Brokers traded 1,200 shares at 49 cents down by a cent.

Firm Stocks | Agostini’s traded 2,865 shares at $17.80; Grace Kennedy contributed 31,000 shares with a value of $114,810 to close at $3.70; Scotia Investments traded 12,300 shares at $1.40; National Flour Mills had 9,019 shares at 96 cents.

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

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

FX: Still J$107 for one US$

January 22, 2014 by

Wednesday, 22nd January 2014 | The selling rate for the US dollar that crossed J$107 yesterday, inched up further today to hit $107.20, even as the amount sold was less than the amount bought by $6 million.

Authorised dealers bought a total US$45,461,292 over $2 million less than on Tuesday for all currencies and sold the equivalent of US$41,433,607 almost $10 million less than yesterday.

Authorised dealers bought US$42,535,467 in United States currency at $106.87 for an increase of 57 cents but only sold US$36,602,246 at an average rate of $107.20, an increase 10 cents. Dealers bought C$747,162, the rate fell by $1.06 to $95.75 and C$515,646 was sold as the rate decreased by 46 cents to $97.79. The British Pound was bought at an average rate of $175.97, an increase of $2.31 as £1,256,499 was purchased, and sold £2,544,655 for more at $178.02. Other currencies bought amounted to US$187,535 with US$135,244 sold.

FX_TRADE+Currency+Jan22Highs & Lows | The highest buying rate for the US dollar increased by 5 cents to end at $108.35, the lowest buying rate was unchanged at $87.26. The highest selling rate closed at $110.94 for a $1.21 increase and the low moved down to $87.26 by $1.12.

The highest buying rate for the Canadian dollar fell 45 cents to end at $98.20 and the lowest buying rate ended up declined by 45 cents $77.90. The highest selling rate and fell $3 to $100 and the low declined by 55 cents to $93.85.

FX_TRADE+HighLow+Jan22The highest buying rate for the British Pound climbed by $2.10 to $179.60 and the lowest buying rate jumped $3.41 to $145.01. The highest selling rate of $180.55, up $1.42, the lowest selling rate of moved 30 cents to $170.90.

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

JSE: Lots of stocks, few trades

January 22, 2014 by

Wednesday, 22nd January 2014 | The Jamaica Stock Market closed with 62,029,329 shares trading with a value of $450,979,958 but that obscures the level of investors participating as only 19 securities traded.

Stockbroker Victoria Mutual Wealth Management crossed 58,101,405 JMMB shares with a value of $535,179,523 in three lots. The next big trade was National Commercial Bank 524,960 units which closed at $18 with a value of $9,442,945, NCB Capital Market conducted one of the trades of 40,000 units both for the buyer and seller.

Main Market | Other stocks to trade in meaningful volume include Cable & Wireless 2,609,072 to close at 19 cents; Caribbean Cement 202,500 units as the price drifted up 20 cents to close at $4; Grace Kennedy 47,932 shares closing unchanged at $56; Mayberry Investments 22,234 units to close at $2; Scotia Group 22,364 units with the price closing at $21, up 94 cents for the day and Proven Investments 43,900 ordinary shares at 13.3 US cents.

Junior Market | Only 3 stocks traded. General Accident Insurance with 17,134 shares to close at $1.88; Lasco Financial Services  1,500 units at $1.35 and Medical Disposables 422,867 units at $2.20.

JSEIndicesJan22Market Indices | The JSE Market Index advanced by 281.68 points to close at 80,173.72, but was negatively affected by the big capitalisation First Caribbean stock that fell $1. The JSE All Jamaican Composite advanced by 862.88 points to close at 82,023.81 and the JSE Junior Market Index inched up 0.78 points to 786.03.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had only 4 stocks with bids higher than the last selling prices and 5 stocks with offers that were lower.

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

TTSE: Neal & Massy marches on to $63.70

January 22, 2014 by

Wednesday, 22nd January 2014 | Prices were mostly down on the Trinidad stock market as 12 securities traded with only 5 advancing, 4 declining and 3 trading firm.

The Composite Index inched by 0.23 0.07 points to close at 1,196.53, the all T&T Index eased up by 2.59 points to close at 2,021.45 and the Cross Listed Index declined by 0.27 points to 48.85. Trading resulted in 347,587 shares changing hands for value of $3,725,475.

Gainers | Clico Investment Fund traded a volume of 116,171 shares valued at $2,611,758, the price gained 21 cents to end at $22.48; Guardian Holdings traded 33,523 units with a value of $469,221 to close at $14 up 24 cents; Guardian Media traded just 100 shares at $19.75, gaining 25 cents at the close; Neal & Massy traded 2,000 shares and gained 67 cents to end the day at $63.70, a new 52 weeks high; One Caribbean Media traded 769 shares to close up 4 cents at $18.57 a new 52 weeks high.

Decliners | First Citizens Bank added 12,246 shares valued at $526,396 but the price slipped 3 cents to close at $42.94; National Commercial Bank traded 65,000 shares for a value of $65,030 as the price lost 4 cents to close at $1; Point Lisas Industrial Port Development lost 5 cents to close at $3.45; Sagicor Financial traded 1,800 to remain at $7.30; Scotia Investments traded 21,000 shares for $29,610 to close 2 cents down at $1.41.

TTSEJan22Stocks trading firm | Grace Kennedy had 59,040 shares changing hands for a value of $218,448, the price remained unchanged at $3.70; Jamaica Money Market Brokers added 32,092 shares valued at $16,047 with the price remaining at 51 cents; Trinidad Cement traded 27,387 units at $2.30; LJ Williams A shares traded 81,658 units firm at 29 cents.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had only 4 stocks with bids higher than the last selling prices and 4 stocks with offers that were lower.

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

FX: J$107 for one US$

January 21, 2014 by

Tuesday, 21st January 2014 | The selling rate for the US dollar crossed J$107 today as a large pool of funds were sold. Buying of US dollars was less than the overall selling by more than US$3 million as dealers bought a total US$47,869,380 for all currencies and sold the equivalent of US$51,121,520.

Authorised dealers bought US$41,544,688 in United States currency at $106.30 for an increase of 36 cents and sold US$46,226,015 at an average rate of $107.10, a 20 cents increase. Dealers bought C$2,243,825 for a $1.11 increase to $96.81 and sold C$2,148,416 for an 84 cents increase to $98.25. The British Pound was bought at an average rate of $173.66, 19 cents down as £2,487,829 was purchased, and sold £1,667,592 for 28 more at $176.81. Other currencies bought amounted to US$217,091 with US$171,510 sold.

FX_TRADE+Currency+Jan21Highs & Lows | The highest buying rate for the US dollar increased by 40 cents to end at $108.30, the lowest buying rate was unchanged at $87.26. The highest selling rate closed at $109.73 for a $2.09 decrease and the low moved up to $88.38 by $1.12.

The highest buying rate for the Canadian dollar gained 35 cents to end at $98.65 and the lowest buying rate ended up increasing by 46 cents $78.31. The highest selling rate and was up $2 to 103 and the low rose by 30 cents to $94.40.

FX_TRADE+HighLow+Jan21The highest buying rate for the British Pound slipped by 15 cents to $177.50. There were no change for lowest buying rate of $141.60, the highest selling rate of $179.13 or the lowest selling rate of $170.60.

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

JSE: Trading subdued, Indices mostly up

January 21, 2014 by

Tuesday, 21st January 2014 | The Jamaica Stock Exchange activity continues to be moderate on the second trading day of the week as the price of 9 stocks fell and 9 increased resulting from trades of 7,051,839 units with a value of $13,542,059.

The Junior Market index fell but the others increased with the JSE Market Index advancing 272.66 points to 79,892.04, the JSE All Jamaican Composite gained 413.61 points to close at 81,160.93. The JSE Junior Market Index declined by 10.81 points to close at 785.25.

Main Market | Activity in the main market has been on the light side as the focus seems to be in the junior listings for the time being. In trading, Cable & Wireless exchanged 4,000,000 units at 19 cents; Caribbean Cement 74,149 units closing up 10 cents at $3.80; Carreras 74,152 units, closing firm at $36; Desnoes & Geddes 10,200 shares at $5; Gleaner 210,000 units to close unchanged at $1.10; National Commercial Bank with only 2,940 units as the price gained 79 cents to close at $18; Sagicor Group 12,000 shares closing at $8.49; Sagicor Real Estate X Fund 10,430 shares to close unchanged at $6.50; Salada Foods 5,100 shares, the price gained 70 cents to close at a new 52 weeks high of $10 and Scotia Group 36,117 shares at $20.06, down 44 cents.

JSEIndicesJan21Junior market | The junior market had 14 securities trading, including Eppley 9.5% preference share for only the second time, with 54,000 units at $6; Access Financial 14,000 shares down $1 to $10; Blue Power 341,000 units as the price put on 30 cents to end at $9.80; Caribbean Producers 1,002,000 shares as it fell 5 cents to $2.70; Consolidated Bakeries 46,057 units at $1.19; General Accident Insurance 500,000 at $1.88; KLE Group 56,860 shares at $1; Lasco Distributors 148,134 units at $1.45; Lasco Financial 396,051 units at $1.35 and Medical Disposables, 20,000 units up 7 cents and closed at $2.05.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had only 4 stocks with bids higher than the last selling prices and 7 stocks with offers that were lower.

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

TTSE: Prices mostly down

January 21, 2014 by

Tuesday, 21st January 2014 | Prices were mostly down on the Trinidad stock market as 12 securities traded with only 1 advancing, 4 declining and 7 trading firm.

The Composite Index declined by 0.07 points to close at 1,196.30, the all T&T Index eased down by 0.01 points to close at 2,018.86 and the Cross Listed Index declined by 0.02 points to 49.12. Trading resulted in 368,276 shares changing hands for value of $7,605,670.

Gainers | Republic Bank was the sole stock with a price increase, climbing by a cent to end the day at $116.19 but only 15 units traded.

Decliners | Clico Investment Fund had a volume of 251,793 shares valued at $5,608,658, the price declined by 23 cents to end at $22.27; First Citizens Bank added 12,246 shares valued at $526,396 but the price lost 3 cents to close at $42.97, Scotia Investments traded 21,000 shares for $29,610 to close 2 cents down at $1.41. Scotiabank contributed 16,604 shares with a value of $1,213,881, its price fell 2 cents to $73.10.

TTSEJan21Stocks trading firm | Guardian Holdings traded 3,000 units to close at $13.76 and Grace Kennedy had 40,300 shares changing hands for a value of $148,986, the price remained unchanged at $3.70, Trinidad Cement traded 10,000 units at $2.30.

IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had only 4 stocks with bids that were higher than the last selling prices and 3 stocks with offers that were lower.

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

FX: Rates down except US$ selling

January 20, 2014 by

Monday, 20th January 2014 | The level of buying foreign currencies fell to the equivalent of US$27,722,521 and the amount sold jumped to the equivalent of US$46,826,793 but all the spot rates for the three main currencies declined versus the Jamaican dollar but for the selling rate of the US dollar.

In individual currency trades, US$23,049,066 was bought by dealers for 30 cents less than on Friday at $105.95 but they sold over $20 million more than they bought at a rate that was 3 cents higher than on Friday to end at $106.90 as US$43,389,210 was sold.

The Canadian dollar lost value against the Jamaican dollar as the rate slipped by 14 cents to end at $95.70 with the purchase of $1,655,657 and selling C$936,737 at $97.41 for a 32 cent drop.

FX_TRADE+Currency+Jan20£1,748,278 was purchased at $173.85 each or 26 cents cheaper than on Friday and selling amounted to £1,444,590 at a rate that was 93 cents less to end at $176.52. Other currencies purchased amounted to the equivalent of US$309,237 with US$198,429 sold.

Highs & Lows | The highest buying rate for the US dollar increased by 5 cents to end at $107.90 and the lowest buying rate increased by 25 cents to close at $87.26. The highest selling rate closed at $111.82 for a $2.09 increase and the low fell to $87.26 and was off by $15.34.

FX_TRADE+HighLow+Jan20The highest buying rate for the Canadian dollar fell by $6.75 to end at $98.30 but there was no change to the lowest buying rate of $77.85 or the highest selling rate of $101 but the low rose by 30 cents to $94.10.

The highest buying rate for the British pound was $177.65 for a 10 cents increase. The lowest buying rate climbed 79 cents to $141.60. The highest selling rate moved up by 36 cents to $179.13 and the low gained 95 cents to end at $170.60.

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

JSE: Market down on low volume

January 20, 2014 by

Monday, 20th January 2014 | The main market of the Jamaica Stock Exchange lost ground on the opening trading day of the week as 7 stocks fell in price and 5 increased. There was trading of 1,099,361 units with a value of $10,294,466 with Scotia Group saving the day with 429,788 shares valued at $8.6 million as the price closed at $20.50 and was off by 46 cents.

The JSE Market Index declined by 303.53 points to close at 79,619.38, the JSE All Jamaican Composite lost 460.42 points to end at 80,747.32 while the JSE Junior Market Index put on 1.07 points to close at 796.06.

Main Market | In main market, the main movers for the day was Cable & Wireless with 343,445 shares closing down a cent at 18 cents; Caribbean Cement with only 2,000 units to close at $3.70 for a 29 cents gain; Carreras 4,980 units to close down 50 cents at $36; Desnoes & Geddes 21,374 shares, the price closed up 12 cents to $5.10; Jamaica Broilers 39,383 units at $4.71, down 29 cents; Jamaica Money Market Brokers 41,734 shares to closed unchanged at $7.50; Sagicor Real Estate X Fund 7,707 units closing firm at $6.50 and Supreme Ventures 16,400 shares for a 10 cents gain to end at $2.50.

JSEIndicesJan20Junior Market | The main stocks trading were Access Financial Services with 11400 shares to close at $11, down $1; Blue Power 9,830 units as the price remained unchanged at $9.50; Caribbean Producers 75,700 units to close unchanged at $2.75; Lasco Distributors 11,995 shares unchanged at $1.45; Lasco Financial Services 50,000 unchanged at $1.35 and Lasco Manufacturing 22,000 units at $1.40 up 15 cents.

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 3 stocks with offers that were lower. The junior market has 6 of the stocks closing with bids higher than the last closing price and only 1 with a lower offer.

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