TTSE: Trading picks up with $33m

January 15, 2014 by

Wednesday, 15th January 2014 | Trading activity picked up strongly on the Trinidad Stock market with trading in 16 securities of which 6 advanced, 1 declined and 9 traded firm as $$32,858,058 chased 676,587 shares.

All three indices gained during trading with the Composite Index moving up by 3.14 points and closed at 1,193.29, the All T&T Index advanced by 5.28 points to close at 2,009.81 and the Cross Listed Index inched up .13 points to 49.49.

Stocks advancing | The main trades to take place reflecting gains include First Citizens Bank which added 48,382 units valued at $2,056,291 with the price hitting yet another high, increasing by 20 cents to $42.60; Grace Kennedy gained 17 cents to end the day at $3.62 with 30,456 units; IC Insider Buy Rated Neal & Massy Holdings jumped $1.38 to end the day at $62 a new 52 weeks high with 3,35 shares changing hands; Scotiabank traded a relatively large volume of 103,134 shares for $7,539,163 with the price reaching a new 52 weeks high of $73.10 up 9 cents.

Angostura Holdings traded 13,098 units falling a cent to end the day at $11.99.

TTSEJan15Stocks traded firm | ANSA McAL closed at $66.30 with 250,000 shares changing hands for a value of $16,574,982; National Flour Mills contributed 103,070 shares with a value of $98,947 and the price closed at 96 cents; West Indian Tobacco 45,257 shares at $120; Sagicor Financial Corporation 41,691 shares at $7.30; Jamaica Money Market Brokers 10,000 shares at 50 cents; Guardian Media 3,609 shares at $19.50; Trinidad Cement, traded just 10,503 units to end at $2.30.

Clico Investment Fund, traded 10,785 shares valued at $242,663 but the price remained at $22.50.

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

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

FX: US$ rates rise, Pound falls

January 14, 2014 by

Tuesday, 14th January 2014 |  In forex trading, the US dollar rates climbed while the Pound sterling declined and the Canadian dollar rates were mixed.

Purchases of the US dollar currency amounted to US$25,354,603 as the buying rate rose by 10 cents to end at $106.09 and selling amounted to US$21,692,122 but the rate inched up by 2 cents to $106.71.

The Canadian dollar gained 32 cents in buying C$1,579,432 to close at $96.74 and C$927,912 was sold at $98.90, a fall of 19 cents.

Purchases of the British Pound amounted to £1,132,395 but the rate was unchanged at $172.73 and selling amounted to £448,682, the rate fell 30 cents to $174.67.

FX_TRADE+Currency+Jan14Other currencies bought, amounted to the equivalent of US$229,172 with selling of US$484,436. Total currency purchases amounted to US$28,867,835 and selling of US$23,762,273, US dollar equivalent.

Highs & Lows | The highest buying rate for the US dollar closed at $107.25, a decline of 35 cents, the lowest buying rate climbed 42 cents to $86.84. The highest selling rate dropped by $1.87 to $109.41 but the low was unchanged at $86.42.

FX_TRADE+HighLow+Jan14The highest buying rate for the Canadian dollar ended at $99.26, a 26 cents increase, while the low remained at $78.02. The highest selling rate fell by $2.50 at $100.50 and the lowest closed up 35 cents at $94.35.

The highest buying rate for the British Pound ended at $176.20, down 45 cents and the low fell 83 cents at $140.27. The highest selling rate dropped by $3.79 cents to end at $178.11 and the low closed down $1 at $169.

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

JSE: Advancing stocks beat decliners 11 to 7

January 14, 2014 by

Tuesday, 14th January 2014 | Advancing stocks outnumbered declining stocks 11 to 7 on the Jamaica Stock market as only 1,448,262 shares changed hands for a value of $9,395,467. The two main market indices declined with the JSE Market Index falling by 85.21 points to close at 79,865.29, the JSE All Jamaican Composite declined by 129.25 points to close at 81,120.35 and the JSE Junior Market Index fell by 0.80 points to end at 786.07.

Hardware & Lumber traded 2,100 units to close at a new 52 weeks high of $9 by jumping $1.72.

Main Market | Elsewhere in the main market, the stocks with noticeable trading include Caribbean Cement with 102,720 units to close at $3.40; Carreras 53,634 units to end at $37.51 for a 51 cents gain; Desnoes & Geddes 51,578 shares closing at $4.98; Grace Kennedy gained $1.17 to close at $55 as 3,620 units of the company’s stock changed hands; Jamaica Broilers with 89,153 units to close at $4.72; Jamaica Money Market Brokers 19,400 shares to close at $7.50; Jamaica Stock Exchange regained 30 cents with 50,000 units to close at $2.10; Kingston Wharves 55,139 shares at $6.15; Sagicor Group had 41,839 units to close unchanged at $8.15; Sagicor Real Estate X Fund 21,051 units at $6.50 and  Scotia Group 177,587 shares at $20.10, down 41 cents.

TTSEJan14Junior Market | Trading of junior market stocks saw Caribbean Producers exchanging 84,600 shares to close firm at $2.75; Honey Bun traded 2,000 units as the price fell by 22 cents to close at $3.19; Lasco Distributors with 371,737 units trading firm at $1.45; Lasco Financial Services 82,400 shares at $1.26 inching down by 4 cents and Lasco Manufacturing 181,269 units at $1.29.

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 2 stocks with offers lower.

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

TTSE: Market moving up slowly

January 14, 2014 by

Tuesday, 14th January 2013 | In trading on the Trinidad stock market, the Composite Index advanced by 0.57 points to close at 1,190.15; the All T&T Index gained 1.14 points to end at 2,004.53 while the Cross Listed Index remained unchanged at 49.36.

Trading activity resulted in 962,928 shares changing hands for a value of $34,050,938.

There were 14 securities trading on a day when there were two new 52 weeks highs and the price of 6 stocks advanced, 3 declined and 5 remained unchanged.

Stocks trading up in price include First Citizens Bank that reached yet another record closing high at $42.40 for a gain of 70 cents as investors traded 646,214 shares for a value of $27,237,021; Clico Investment Fund posted a volume of 206,562 shares valued at $4,646,748 with the price advancing by 25 cents to end at $22.50; Scotia Group gained 24 cents for a new 52 weeks high of $73.01 and Neal & Massy 2,125 units up 4 cents at $60.62.

Stocks declining include Angostura Holdings that fell 43 cents to close at $12.00; Point Lisa 5,845 units at $3.60 down by 5 cents, and Trinidad Cement off by 3 cents at $2.27.

Stocks trading unchanged include Guardian Holdings 4,101 units to close at $13.75; Jamaica Money Market Brokers with a volume of 39,340 shares being traded for $19,670 closing at 50 cents; National Flour Mills contributed 16,109 shares with a value of $15,464.64, while Trinidad Cement added 14,500 shares valued at $32,850.00.

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 2 stocks with offers lower.

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

FX: US$ sell rate falls, also GBP rates

January 13, 2014 by

Monday, 13th January 2014 | In Forex trading, total currency purchases amounted to US$41,818,461 and selling of US$43,964,802 as the US dollar declined and Canadian dollar rose against the Jamaican dollar.

Purchases of the US dollar currency amounted to US$35,368,225, slightly more than the US$24,088,617 purchased on Friday.  The buying rate rose by 3 cents to end at $105.99 and selling climbed to US$40,418,942 but the rate fell by 5 cents to $106.69. Sales on Friday was US$30,874,993 in contrast. The Canadian dollar gained 37 cents in buying C$2,028,009 to close at $96.05 and C$1,278,207 was sold at $98.09, a gain of 21 cents.

FX_TRADE+Currency+Jan13Purchases of the British Pound amounted to £2,357,508, and the rate fell by $1.57 to $172.74 and selling amounted to £1,019,811. The rate fell 94 cents to $145.97. Other currencies bought, amounted to the equivalent of US$763,267 with selling of US$698,202.

Highs & Lows | The highest buying rate for the US dollar closed at $107.60, increasing by 50 cents, the low was unchanged at $86.42. The highest selling rate moved up by 53 cents to $111.28 and the low dropped $16.18 to $86.42.

The highest buying rate for the Canadian dollar ended at $99, a 50 cents increase, while the low remained at $78.02. The highest selling rate ended up $1 at $103 and the lowest closed unchanged at $94.

FX_TRADE+HighLow+Jan13The highest buying rate for the British Pound ended at $176.65, up 25 cents and the low closed up $1.16 at $141.10. The highest selling rate grew by $3.94 cents to end at $181.90 and the low closed at $170, up by 90 cents.

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

JSE: 14 stocks post gains only 4 fall

January 13, 2014 by

Monday, 13th January 2013 | The Jamaican stock market recoded one of its best days for a while with 14 stocks posting gains at the end of trading to only 4 falling as 4,063,702 shares with a value of $85,665,637 traded.

The performance of the market is reflected in the movement of the main indices as the JSE Market Index advanced by 184.49 points to close at 79,950.50; the JSE All Jamaican Composite increased by 715.47 points, closing at 81,249.60 and the JSE Junior Market Index moved up by 10.09 points to 786.87.

Main Market | Activity in the main market saw trading in Cable & Wireless with 826,413 units, the price ended at 18 cents; Caribbean Cement 95,049 shares, as the price slipped back by 42 cents to $3.38; Carreras gained 50 cents with 47,670 units, to close at $37; First Caribbean International Bank lost $1 with 2,800 units to close at $89, a 52 weeks low; Grace Kennedy with 1,400,100 units closing at $53.83; Jamaica Money Market Brokers 50,150 shares at $7.50; Jamaica Producers 29,256 units at $18.75; Mayberry Investments 15,000 units at $2; National Commercial Bank 49,870 shares with the price climbing 69 cents to $17.69; Sagicor Group 144,046 units at $8.15; Sagicor Investments 22,511 units at $16, up 39 cents and Supreme Ventures 16,377 shares at $2.51.

JSEIndicesJan13Junior Market | The Junior market continues to post gains with the index climbing for 7 days straight except for a small decline on Monday January 6th. Caribbean Producers exchanged 163,695 shares at $2.76, a new 52 weeks closing high; Consolidated Bakeries had 10,000 shares trading at $1.16; Lasco Distributors gained 5 cents to $1.45 with 107,114 shares while Lasco Financial Services had a good day’s trading with 941,006 units to close at $1.30 and Lasco Manufacturing put in 104,260 units at $1.30, up by 10 cents.

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 1 stock with the offer that is lower.

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

TTSE: Market slowly moving forward

January 13, 2014 by

Monday, 13th January 2013 | Market activity on the Trinidad Stock Exchange resulted from trading in 12 securities of which 2 advanced, 1 declined and 9 traded firm with 165,421 stock units changing hands for a value of $1,691,972.

The Composite Index advanced by 0.58 points to close at 1,189.58. The All T&T Index advanced by 1.18 points to close at 2,003.39 and the Cross Listed Index remained at 49.36.

The market saw price movement in a number of stocks which include Angostura Holdings as the price  lost a cent to end the day at $12.43 with 1,978 units trading. First Citizens Bank gained 16 cents to close at $41.70, a new high, while trading 10,135 shares.  Trinidad Cement added 13,522 shares valued at $31,101 with the price closing at $2.30 as it gained 5 cents.

Stocks trading unchanged include Agostini’s with 1,381 units trading at $17.80; Grace Kennedy 14,010 shares with a value of $48,335 as the price closed at $3.45; Jamaica Money Market Brokers, 53,848 shares changing hands for a value of $26,924 with the price closing at 50 cents; Prestige Holdings exchanged 44,573 shares for $421,125 as the price closed firm at $9.45; Scotia Investments 7,000 units to close at $1.50; West Indian Tobacco 2,864 units, closing at $120.00; and Sagicor Financial Corporation, 1,300 units at $7.30.

TTSEJan13Clico Investment Fund posted a volume of 14,800 shares valued at $329,362 as the price remained at $22.25.

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 3 stocks with offers lower.

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

FX: Rate movements mixed

January 10, 2014 by

Friday, 10th January 2014 | In forex trading, purchases was less that sales by US$6 million. Purchases amounted to US$28,384,526 and selling US$34,269,368 (US dollar equivalent).

Purchases of the US dollar currency amounted to US$24,088,617; the rate remained unchanged at $105.96 and selling amounted to US$30,874,993 for an 11 cents increase to $106.74. The Canadian dollar lost 88 cents in the buying to $96.05 as C$951,727 was purchased and C$506,901 was sold at $97.88, a fall of 45 cents. The drop in the rates for the Canadian dollar over the past two days reflects weakness in the Canadian economy and strength in the US economy with market activities internationally playing a role in adjusting the rates between the US and Canadian dollars.

FX_TRADE+Currency+Jan10Purchases of the British Pound amounted to £1,922,048, an increase of $1.23 to $175.90 and selling came to £1,694,301, falling 10 cents to $175.90. Other currencies bought amounted to the equivalent of US$271,456 with selling of US$137,283.

Highs & Lows | The highest buying rate for the US dollar closed at $107.10 and was down by 15 cents, the low was unchanged at $86.42. The highest selling rate gained $2.07 to $110.75 and the low dropped 90 cents to $102.60.

FX_TRADE+HighLow+Jan10The highest buying rate for the Canadian dollar ended at $98.50, a decline of 76 cents, while the low fell $1.91 cents to $78.02. The highest selling rate ended up 50c t0 $102 and the lowest closed at $94 down 70 cents.

The highest buying rate for the Pound ended at $176.40, off by 10 cents and the low was unchanged at $139.94. The highest selling rate declined by 34 cents to end at $177.96 and the low closed at $169.10, up by $2.10.

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

JSE: Market down, indicator points up

January 10, 2014 by

Friday, 10th January 2014 | The Jamaica Stock Exchange closed down for the two main indices as more stocks closed down than up. However, at the end of trading the Investors Choice sentiment indicator is pointing up with a far better spread than on Thursday.

In trading 1,421,849 shares changed hands for a value of $18,873,579 but the advance decline ratio deteriorated with only 3 stocks gaining in price to 8 that fell, the second day in a row that there was this lop sided ratio. There were only 26 securities to trade at the end of trading.

The JSE Market Index declined by 117.44 points to close at 79,766.01, the JSE All Jamaican Composite fell by 178.14 points to end at 80,534.13 but the JSE Junior Market Index advanced by 0.02 points to  776.78.

Main Market | Activity in the market saw the main trades as Caribbean Cement 54,951 shares at $3.80, down by 20 cents; Carreras 43,424 closing at $36.50, down by $2.50; Gleaner 46,967 units firm at $1.10; Hardware & Lumber 7,000 units as it fell back from $8.50 by a $1.22 to $7.28; Jamaica Producers 235,721 firm at $18.75; Mayberry Investments 15730 units firm at $2; Pan Jamaican Investment 129,752 shares as the price retreated by $5.95 to end at $48.05; Sagicor Group 30,167 shares to closed at $8.11; Sagicor Investments 9,650 shares to close 9 cents down at $15.61 and Scotia Group 100,032 units firm at $20.50.

JSEIndicesJan10Junior Market | Trading in the Junior market accounted for Access Financial Services exchanging 250,000 units at $12, no change in the price from Thursday; Caribbean Cream 103,308 units unchanged at $1; Caribbean Producers 67,750 shares to close firm at $2.75; Consolidated Bakeries 190,414 units at $1.18; General Accident 44,287 units at $1.89; Lasco Distributors 17,340 shares at $1.40, up 2 cents; Lasco Financial Services 34,300 shares firm at $1.30 and Medical Disposables 14,789 unit, unchanged at $2.10.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 10 stocks with bids higher than the last selling prices and 1 stock with a lower offer.

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

TTSE: First Citizens closes week on a high

January 10, 2014 by

Friday, 10th January 2014 | First Citizens Bank price hit a new all-time high at $41.54 and Scotia Bank closed at new 52 weeks high at the end of trading.

Trading on the Trinidad & Tobago Stock Exchange ended the week on a positive note with 13 securities of changing hands, 8 advanced, 2 declined and 3 traded firm. The Composite Index advanced by 2.04 points to close at 1,189.00, the All T&T Index gained 4.11 points to end at 2,002.21 and the Cross Listed Index remained at 49.36. Trading resulted in a volume of 132,005 shares valued at $2,068,459 changing hands.

The most heavily traded stocks were First Citizens Bank with 26,287 units carrying a value of $1,090,383 as the price closed at $41.54 having gained 51 cents at the end of trading; Guardian Holdings traded 3,262 units fell 5 cents to end at $13.75; Jamaica Money Market Brokers had 44,500 shares changing hands for a value of $22,250 and the price closed at 50 cents without changing; while National Flour Mills added 5,300 shares valued at $5,088 and closed at 96 cents; Neal & Massy Holdings increased by 54 cents to end the day at $60.56 while trading 2,000 shares; Prestige Holdings lost 5 cents to end the day at $9.40 while trading 2,071 shares; Sagicor Financial Corporation contributed 12,634 shares with a value of $92,228 as the price closed unchanged at $7.30.

TTSEJan10Clico Investment Fund had 27,753 shares changing hands for $617,379, the price held firm to end at $22.25.

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

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