FX: Rates slip on more buying than selling

Friday, 3rd January 2013 | Today there was more buying of currencies than the amount sold by nearly US$5 million; the purchase of the currency mostly in demand, the US dollar, was more than the amount sold by almost US$4 million as the selling rate for the US dollar and British Pound slipped but the Canadian rose.

Buys & Sales | Dealers picked up US$32,556,966 on Friday as the buying rate climbed by 27 cents to $105.73. The selling rate slipped 5 cents to $106.34 as dealers only sold US$28,900,623 of the amount bought. C$1,375,007 was bought at 98.14 for a 22 cents increase and selling was for C$920,996 at a rate of $100.23 down by 50 cents; dealers bought £1,110,238 at an average rate of $172.19, down 65 cents and sold £603,311 at $175.46 for a fall of 47 cents.

FX_TRADE+Currency+Jan3Other currencies purchased amounted to the US dollar equivalent of $293,346 and sales translate to US$236,126. The total amount of currencies bought was US$35,934,681 and the total amount sold US$31,000,271.

Highs & Lows | There were mixed results in buying and selling at the highest and lowest rates with 4 declines 4 increases and 4 rates closing unchanged. The US dollar was bought as high as $107.35, slippage of 15 cents but all the others were unchanged at the end of trading and as low ended at $86.42; the highest selling rate remained at $110.75 and the lowest selling closed at $86.01.

FX_TRADE+HighLow+Jan3The highest buying rate for the Canadian dollar went at $101.50, a 25 cents increase and the low was unchanged at $79.10; the high for selling was $102.54, a decrease of 46 cents but the low jumped 85 cents to $96.15.

The British Pound went as high as $176 or $3.32 lower in buying and surge by $40.27 to hit $140.27 for the low and the high for selling came out at $179.12, up by 84 cents and the low fell by 25 cents to $ 168.75.

JSE: Stocks mostly up for 2nd day

Friday, 3rd January 2013 | Advancing stocks out distanced declining ones 8 to 3 making it the second straight trading day of the year that this ratio has been positive on the JSE, which is a continuation of the trend from mid-December. Trading resulted in 1,681,231 shares changing hands valued at $23,421,414, a better performance than yesterday with Hardware & Lumber hitting a new 52 weeks high of $8 as the price gained $1.90 on 5,000 units.

Market activity resulted in the JSE Market Index declining by 471.33 points to close at 80,531.48 and the JSE All Composite declining by 714.90 points to close at 81,695.23 as a result of pull back in the prices of National Commercial Bank, Grace Kennedy and Sagicor Group shares. The JSE Junior Market Index advanced by 8.12 points to close at 768.49.

Main Market| The main movers in trading in the main market are Caribbean Cement with 112,485 units to close unchanged at $3.50; Carreras gained $2 to close at $38 while trading 44,750 shares; Jamaica Broilers with traded 100,000 shares as the price moved up 8 cents to $4.61; National Commercial Bank had just 6,000 units changing hands as the price closed down 35 cents at $16.15; Sagicor Group shed $2.32 in trading 4,145 shares as the price dropped to $8.28; Sagicor Investments  gained 47 cents to end at $17 with $6,700 units, and Scotia Group exchanged 906,022 units as the price moved up during trading to $21.96 but closed unchanged at $20.

Jamaica Money Market Brokers 7.50% preference shares traded 205,438 unchanged at $2.

JSEIndicesJan3Junior Market| It was a subdued day for trading of junior market companies with Caribbean Cream trading 10,000 units to close firm at $1; Caribbean Producers swapped 70,852 shares at $2.70 with no change in the price; General Accident Insurance had a volume of 20,000 shares as the price rose 18 cents to $1.80; Lasco Manufacturing traded 131,751 shares and the price closed up 3 cents at $1.28 and Medical Disposables & Supplies swapped 30,000 shares to close firm at $2.15.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids that were higher than the last selling prices versus only 2 stocks with the offer lower than the last sale price.

TTSE: Positive start to year

Friday, 3rd January 2013 | The Trinidad market continued the trend it started on the first trading day of the New Year with another positive performance with more stocks rising than declining. Trading occurred in 12 securities of which 6 advanced, 1 declined and 6 traded firm as the Composite Index advanced by 1.29 points to close at 1,186.51, the All T&T Index increased by 2.41 points to close at 1,996.47 and the Cross Listed Index gained 0.02 points to close at 49.45.

Trading activity on the market resulted in a volume of 190,370 shares changing hands valued at $3,672,861. Scotia Bank closed up 1 cent to close at $72.61 along with IC Insider Buy Rated First Citizens Bank closed at new 52 weeks high at the end of trading.

First Citizens Bank traded 13,402 shares for a value of $544,477 to close firm at $40.63 for a gain of 38 cents as the stock recorded yet another record price; National Flour Mills exchanged 39,946 shares for $37,969 to close at 95 cents; Neal & Massy Holdings added 6,980 shares valued at $418,816 and traded firm to end the day at $60.01; Republic Bank gained 6 cents to end the day at $115.96 with a mere 38 shares trading; Sagicor Financial Corporation added 31,631 shares valued at $90,423 with the price closing up 5 cents at $7.30; Trinidad Cement traded only 650 shares but the price moved up by 5 cents to close at $2.25.

TTSEJan3Clico Investment Fund traded with a volume of 113,551 shares valued at $2,554,898, the price advanced by 50 cents to end at $22.00.

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 versus only 1 stock with an offer that was lower.

Image courtesy of Photokanok/FreeDigitalPhotos.net.

FX: Fluid market 1st day of year

Thursday, 2nd January 2013 | Forex trading on the first trading day of 2014 saw the equivalent of US$22,004,093 being bought by dealers and US$25,258,390 sold.

Trading in the individual currencies saw US$18,632,067 being bought with the rate falling 25 cents to $105.46 and selling of US$22,604,821, the rate inched up a cent to $106.39. There was buying of C$1,416,816 with the rate declining by $1.07 to $97.92 and selling of C$716,902, the rate closed up a cent to $99.73. Buying of the British Pound resulted in £1,102,913 being acquired by dealers at $172.85, which was down by 72 cents. Sales amounted to £760,451 at a rate that was up by 8 cents to end at $175.92.

Trading in other currencies amounted to the equivalent of US$249,021 being bought and selling of US$724,021.

FX_TRADE+Currency+Jan2Highs & Lows | There were mix results in buying and selling at the highest and lowest rates as the US dollar was bought as high as $107.50, unchanged at the end of trading and as low as $86.42 for an increase of 41 cents but there was no change to the highest selling rate of $110.75 while the low was $2.04 down to $86.01.

The highest buying rate for the Canadian dollar went at $101.25, a 25 cents fall and the low was at $79.10, a decrease of 41 cents; the high for selling was $103.00, an increase of 50 cents but the low remained unchanged at $95.30.

FX_TRADE+HighLow+Jan2The British Pound went as high as $179.32 or $2.02 higher for the buying and declined $38.61 to hit $100.00 for the low and the high for selling came out at $178.28, down by 84 cents and the low increased by 90 cents to $169.00.

JSE: Light trading greets the new year

Thursday, 2nd January 2014 | Trading on the first day of 2014 on the Jamaica Stock Exchange was very moderate but prices closed mostly higher with stocks of 17 companies be active of which 7 advanced and 3 declined as 494,825 units valued at $3,580,089 changed hands.

The price changes were reflected in the main indices of the market with the JSE Market Index advancing by 369.26 points to close at 81,002.81, the JSE All Jamaican Composite index gained 560.09 points to close at 82,410.13 and the JSE Junior Market Index increased by 2.51 points to close at 760.37.

Main Market | Carreras traded 59,217 units at $36 for a decline of 75 cents; Kingston Wharves traded 37,894 units to close firm at $6.06; Mayberry Investments had 44,335 shares changing hands at $2; National Commercial Bank dropped $1.50 to close at $16.50 with 5,251 units traded; Scotia Group exchanged 10,850 units and closed firm at $20; Seprod put on $2.50 to end at $13 while trading just 1,400 units.

Jamaica Money Market Brokers 7.50% preference share traded 250,000 units, firm at $2.00.

JSEIndicesJan2Junior Market | Access Financial Services reached a new all time high in trading 1,500 units to close at $12.20 up 20 cents; Caribbean Producers traded 50,940 units to close unchanged at $2.70; Lasco Manufacturing traded 16,390 units at $1.25 with a gain of 5 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 versus only 3 stocks with offers lower than the last sale price.

TTSE: Positive start to year

Thursday, 2nd January 2014 | The Trinidad market started off the new year on a positive note with trading in 12 securities, 5 advanced, 1 declined and 6 traded firm. The Composite Index advanced by 0.17 points to close at 1,185.22, the All T&T Index moved up by 0.34 points to close at 1,994.06. The Cross Listed Index remained at 49.43.

Trading activity resulted in a volume of 749,040 shares changing hands valued at $7,340,815. Scotia Bank closed up 5 cents to close at $72.60 and One Caribbean Media closed up 4 cents at $18.54, both of which hit new 52 weeks high at the end of trading.

First Citizens Bank traded 20,566 shares to close firm at $40.25; Grace Kennedy contributed 130,000 shares with a value of $448,931, the price closed firm at $3.45; National Flour Mills exchanged 161,054 shares for $153,001; Republic Bank gained 6 cents to end the day at $115.90 with a mere 45 shares trading; Sagicor Financial Corporation added 31,631 shares valued at $229,325 with the price closing unchanged at $7.25; Trinidad Cement had 231,801 shares changing hands for a value of $509,962 but the price remained unchanged at $2.20; West Indian Tobacco traded 14,559 units to close 3 cents up at $120.03.

TTSEJan2On the Mutual Fund Market 145,538 shares changed hands for a value of $3,164,676.00. Clico Investment Fund traded with a volume of 143,538 shares valued at $3,157,856, the price advanced by a cent to end at $22.00. Praetorian Property Mutual Fund traded 2,000 shares, falling $0.14 to close at $3.41.

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 versus only 1 stock with an offer that was lower.

FX: 2013 ends with increased rates

Tuesday, 31st December 2013 | The final trading day of 2013 ended with the rates for all three main currencies trading with higher rates against the Jamaican dollar.

The day ended with a total of the equivalent of US$43,119,322 purchased while selling accounted for the equivalent of US$39,407,647. Purchasing of the United States currency amounted to US$30,575,681 as the rate moved up 4 cents to $105.72 and selling of US$35,715,149 as the rate inched up 6 cents, to $106.38. Trading of the Canadian dollar resulted in purchases of C$7,318,927 as the rate increased by $1.61 to $98.99, selling amounted to C$1,046,853 with the rate climbing 34 cents to $99.72. Purchasing of the British Pound amounted to £3,251,560 with rate moving up by $1.35 to $173.56 and £982,390 was sold, the rate moved up 57 cents to $175.84.

FX_TRADE+Currency+Dec31Highs & Lows | The US dollar highest buying rate moved up by 50 cents to $107.50 and lowest and remained unchanged at $86.01 while the highest selling rate moved up 54 cents to $110.75 and the lowest selling rate increased by $2.04 to $88.05.

The Highest buying rate for the Canadian dollar remained unchanged at $101.50, the lowest buying rate increased by 8 cents to $79.51. The highest selling rate fell 50 cents to $102.50 and the lowest moved down by 70 cents to $95.30.

FX_TRADE+HighLow+Dec31The highest buying rate for the British Pound increased $1 to $177.30 but the lowest remained unchanged at $138.61. The highest selling rate increased by 63 cents to $ 179.12 and the lowest jumped $1.10 to $168.10.

JSE: Market closes year positively

Tuesday, 31st December 2013 | Knutsford Express, the latest IPO to hit the market, was scheduled to be listed on JSE market today bit it never made it after frantic attempts were made so to do after the Listing Committee turned down the application to list.

IC Insider understands that the company had moved a belated resolution to allot shares to some directors thus increasing the amount of shares in issue, as well as the value of those shares, in an attempt to meet the $50 million minimum capital figure to get listed before the year closes. The funny thing is that based on the junior market rules, the company does meet the conditions set out for listing.

jse_logo150x150The last day of trading for the market for 2013 saw 10,865,481 shares changing hands with a value of $71,844,965 as 9 stocks recorded price gains to 8 that declined. Jamaica Money Market Brokers dominated trading with 8,045,488 units as the price closed at $7.50 with a total value of $60,341,160.

The junior market index, which had a gain of 17 percent for the year, ended at 757.86 but declined by 10.20 on the last trading day of the year. The all Jamaica index ended the year at 81.850.04, gaining 2,061.32 on the final day of the year and the main market index finished the year at 80,633.55, up by 1,185.67.

Main Market | The main stocks to trade were Barita Investments that closed at $2.50 with 8,497 shares changing hands; Caribbean Cement with 10,000 shares closing firm at $3.50; Carreras with 18,240 shares closing at $36.75 up  by 75 cents; Gleaner Company 63,000 shares to close at $1.10; Hardware & Lumber 1,000 to close at a 52 weeks high of $6.10 as the price rose $1; National Commercial Bank 52,545 units closing up by $1 to end at $18; Sagicor Group 58,852 closing up by $2.20 at $10.60; Sagicor Real Estate X Fund 14,241 shares to close at $6.05, down 44 cents; Scotia Group 23,480 units closing up 73 cents at $20; Scotia Investments 9,904 closing at $25.50, declining by 38 cents; Proven Investments 229,200 units unchanged at 13 US cents.

In the preference sector Jamaica Money Market Brokers 7.50% traded 75,000 units firm at $2.

JSEIndicesDec31Junior Market | The junior market ended 2013 with several of the listings with strong gains during the year. Caribbean Cream, which was listed during the year, closed the year at the IPO price of $1 as 126,300 units traded on the final trading day of the year. Caribbean Producers Jamaica exchanged 335,448 units as the price moved up 5 cents to a new 52 weeks high of $2.70, Consolidated Bakeries closed down 4 cents to end at $1.16 with 15,000 units; Lasco Financial Services 36,900 traded at $1.20 with a fall of 11 cents; Lasco Manufacturing saw 24,762 units changing hands to close at $1.20, off by 10 cents; Medical Disposables & Supplies had 1,613,853 units switching ownership as the price eased 5 cents $2.20 and Paramount Trading traded 78,663 units as the price gained 5 cents to close at $3.55.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 11 stocks with bids that were higher than the last selling prices versus only 1 stock with the offer that was lower.

Related posts | Knutsford IPO gets in before door closes | JSE rejects Knutsford Express | Knutsford Express share allotment

TTSE: Stocks end year up 18%

Tuesday, 31st December 2013 | The Trinidad & Tobago Stock Exchange ended 2013 on a positive note with more stocks rising than declining. Additionally, the market recorded a positive year with the two main indices advancing during the year.

The Composite Index advanced by 0.29 points on Tuesday to close at 1,185.05 compared to 1,064.98 at the end of 2012, gaining 11 percent for the year. The All T&T Index advanced by 0.20 points on the last day of the year to close at 1,993.72 and gained 17.7 percent over the 1,694.27 at the close of 2012. The Cross Listed Index advanced by 0.05 points to close at 49.43 on Tuesday but was down 12 percent from the 56.33 at the end of 2012 closed.

2014 Up Market | The overall market seems poised to move higher in 2014 with the IC Insider Buy Rated list having several stocks that should trade much higher during the year.

Trading activity on the First Tier Market registered a volume of 161,914 shares valued at $3,369,575 as the price of 3 stocks advanced, while 1 declined and 5 remained firm.

First Citizens traded 3,915 shares to close at $40.25; Guardian Holdings traded 75,267 shares changing hands for a value of $1,053,738 and closed firm at $14; Neal & Massy Holdings, with a volume of 15,147 shares, traded for $908,987 and the price closed at $60.00; Jamaica Money Market Brokers traded unchanged at 51 cents and contributed 8,000 shares with a value of $4,080; National Enterprises added 5,800 shares valued at $101,790 and the price inched up a cent to $17.55; Sagicor Financial Corporation traded 2,713 shares as the price gained 6 cents to end the day at $7.25.

TTSEDec31There was trading in 50,937 Clico Investment Fund’s shares valued at $1,119,945, the price advanced by 2 cents to end at $22.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids that were higher than the last selling prices versus only 1 stock with the offer that was lower.

FX: Big trading day greets week

Monday, 3oth December 2013 | The first day of the last week of the year enjoyed a big day of forex trading with a total of the equivalent of US$56,567,718 purchased while selling accounted for the equivalent of US$44,805,418.

The purchasing of the United States currency amounted to US$49,217,733 as the rate moved up 29 cents to $105.67 and selling of US$41,565,468 as the rate inched down 6 cents, to $106.32. Trading of Canadian dollars amounted to purchases of C$2,468,790 as the rate declined by 36 cents to $97.38; there was selling of C$1,391,396 with the rate dropping $1.25 to $99.38. Purchasing of the British Pound was £2,914,703 with rate down by 29 cents to $172.21 and £917,667 was sold and the rate moving up 64 cents to $175.27.

FX_TRADE+Currency+Dec30Highs & Lows | The US dollar highest and lowest buying and highest selling rates remained unchanged at $107.00, $86.01 and $110.21 respectfully, while the lowest selling rate dropped $16.39 to $86.01.

The highest buying rate for the Canadian dollar increased by 60 cents to $101.50, the lowest buying rate remained unchanged at $79.43 while the highest selling rate increased 50 cents to $103.00 and the lowest moved up 30 cents to $96.00.

FX_TRADE+HighLow+Dec30The highest buying rate for the British Pound remained unchanged at $176.30 but the lowest fell 21 cents to $138.61, the highest selling rate fell 26 cents to $178.49 and the lowest jumped $19.60 to $167.00.