JSE: Derrimon Trading starts

December 17, 2013 by

Tuesday 17th December, 2013 | Derrimon Trading Company started trading on the Jamaica Stock Exchange today with 27,500 shares at $2.35. The IPO, which closed on December 2, was issued at $2.05 to the public. At the end of trading, there were 2 bids for 70,200 units at $2.30 and two offers at $2.35 to sell 26,052 units.

The total volume in the market for the day came to 5,628,340 with a value of only $38,602,410.

Indices | Trading activity resulted in the JSE Market Index closing at 77,624.11, a decline of 253.78, the JSE All Jamaican Composite at 76761.49, having declined by 441.19 and the JSE Junior Market Index at 752.77 for a decline of 0.62.

Main Market | Cable and Wireless traded 1,234,263 units to close at 16 cents; Caribbean Cement swapped 240,982 units at $2.30, as it gained 8 cents; Carreras 26,930 units were traded at $35.80, up 9 cents; Grace Kennedy exchanged 250,000 units at $61; Jamaica Broilers Group traded 46,315 units at the price closed up  cents at $4.31, up 8 cents; Jamaica Money Market Brokers had 100,000 units trading unchanged at $7.87; Kingston Wharves exchanged 32,899 units at $6.06; National Commercial Bank struggling to hold the $17 price range exchanged 32,465 units to close unchanged at $17.20; Sagicor Real Estate X Fund traded 10,000 to close up 5 cents at $6.05, a new record close; Scotia Group even after posting record numbers for 2013 is fighting to break out of the current range, traded 20,574 units to close at $18.25, down by $1.75 while its subsidiary Scotia Investments traded 4,213 units as the price lost $1.39 to end at $25.56. Seprod put in a large volume of 1,214,061 and the price recovered back to $11 by putting on $1. Supreme Ventures put in 51,900 units to close up 18 cents at $2.68.

Jamaica Money Market Brokers 8.75% preference share closed up 10 cents as 888,107 units traded at $3.

JSEIndicesDec17Junior market | The Junior market had one new listing bringing to 20 the number of ordinary shares listed in this segment of the market. In trading C2W Music exchanged 45,000 at 29 cents but there are still a large number of shares to sell; Caribbean Producers traded a s high as $2.74 but closed lower as 374,934 units traded and the price ended up 5 cents at $2.55; Dolphin Cove traded 20,187 units firma at $8.50; Lasco Distributors had a good volume of 465,000 as it closed firm at $1.40; Lasco Financial Services put in 128,000 units but only managed to hold onto $1.12 at the close and Lasco Manufacturing traded a nice volume of 368,706 units to close at $1.53 up 14 cents.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator show bids for 10 stocks higher and 2 offers lower than their last selling prices.

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

TTSE: New high for First Citizens

December 17, 2013 by

Tuesday, 17th December 2013 | First Citizens Bank gained 51 cents to hit a new high since listing in September to reach $37.51 at the close while trading 18,255 units.

Market activity resulted in 12 securities changing hands of which 4 advanced, 4 declined and 4 traded firm helping the Composite Index to advance by 0.59 points to close at 1,175.16, the All T&T Index to increase by 1.99 points to close at 1,973.85. The Cross Listed Index declined by 0.10 points to close at 49.42. Trading accounted for 336,865 shares with a value of $5,792,087.

Grace Kennedy lost 15 cents to close at $3.40 as 118,675 shares changed hands for a value of $403,495; National Commercial Bank had a volume of 101,000 shares being traded for $112,110 with the price closing unchanged at $1.11; Scotiabank contributed 53,000 shares with a value of $3,843,030 with the price remaining unchanged at $72.51; while Point Lisas Industrial Port Development added 20,000 units valued at $74,000 to close firm at $3.70; Sagicor Financial traded 18,255 units to close 5 cents up at $7.05 and West Indian Tobacco traded 3,040 units to close firm at $120.03.

TTSEDec17Clico Investment Fund posted a volume of 105 shares valued at $2,276.40 as the price declined by $0.02 to end at $21.68.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator show bids for 2 stocks higher with 3 offers lower than their last selling prices.

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

FX: Heavy Forex trading

December 16, 2013 by

Monday, 16th December 2013 | Forex trading saw heavy trading on the first business day of the winter tourist season as dealers bought US$9 million more in all currencies than they sold. Overall a total of US$54,828,831 equivalent in all currencies was purchased by dealers and the equivalent of US$45,867,142 was sold.

The rate for buying the US dollar fell 3 cents as US$48,835,691 was bought at $105.71 and S$40,757,115 was sold at $106.12, unchanged from Friday’s closing rate. C$2,140,407 was purchased and the rate fell by 47 cents to end at $97.74 and C$1,173,720 was sold as the rate moved by 36 cents to $100.28. Authorised dealers bought £1,946,239 for $171.39 each, down 13 cents from Friday’s close and sold £1,811,434 at $173.98, an increase of 32 cents. Other currencies bought amounted to the equivalent of US$858,645 and US$1,031,134 sold.

FX_TRADE+Currency+Dec16Highs & Lows | The United States dollar was stable with unchanged rates of $107.00 for the highest and $86.01 for the lowest buying rate and $110.21 for the highest selling rate but the lowest selling rate fell to $85.84, a fall of $16.56.

The highest buying rate for the Canadian dollar came out at $100.80, a fall of 70 cents and the lowest buying rate was 46 cents down at $79.22, while the highest selling rate moved up 28 cents to $103.00 but dropped sharply by $16.78 to hit $79.22.

FX_TRADE+HighLow+Dec16The highest buying rate for the Pound was $174.20, a reduction 65 cents and the lowest buying rate came out at $138.20, a fall of 83 cents while the high for selling stood at $178.16 as it gained 96 cents and the low fell $1 to $166.50.

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

JSE: Down start to a new week

December 16, 2013 by

Monday, 16th December 2013 | Trading on the Jamaica Stock Exchange was dominated by Grace Kennedy and Scotia Group having the largest volume and value of stocks changing hands along with Caribbean Producers in the junior market. However, that did not prevent all the indices from falling even as advancing stocks were slightly ahead of declining ones. At the end of trading, 6 stocks recorded price gains to 5 that fell and 3,798,248 shares changed hands with a value of $45,122,046.

Indices | The JSE Market Index closed at 77,624.11, to fall by 253.78, the JSE All Jamaican Composite closed at 76761.49, having declined by 441.19 and the JSE Junior Market Index closed at 752.77 for a decline of 0.62.

Stocks trading include Cable & Wireless with 294,583 units as it closed firm at 16 cents; Carreras 6,435 shares at $35.71 down 29 cents; Grace Kennedy 385,355 units closing at $60.99, down a cent; Jamaica Broilers 9,516 shares as the price fell by 7 cents at $4.23; Jamaica Money Market Brokers with 95,723 units to close firm at $.7.87; National Commercial Bank swapped 34,375 shares to close at $17.20 up 20 cents; Sagicor Life 58,500 shares to close firm at $8.45; Sagicor Real Estate X Fund 21,050 units closing unchanged at $6; Scotia Group 764,201 units as the price closed up $1 at $20; Seprod lost 70 cents when trading 22,550 units to close at $10.

JSEIndicesDec16Junior Market | Stocks of 4 companies traded in the junior market on Monday with only Caribbean Producers with 2,075,098 recorded any worthwhile volume. The price closed at $2.50 unchanged from Friday’s close. Lasco Financial traded 7,000 units at $1.12.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator show bids for 8 stocks higher with no offers that were lower than their last selling prices.

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

TTSE: Up start to a new week

December 16, 2013 by

Monday, 16th December 2013 | The Trinidad & Tobago Stock Market recorded trading in 14 securities of which 5 advanced, 3 declined and 5 traded firm as 177,557 shares with a value of $1,533,289 changed hands. At the end of trading the Composite Index advanced by 0.83 points to close at 1,174.57, the All T&T Index advanced by 1.33 points to close at 1,971.86 and the Cross Listed Index advanced by 0.04 points to close at 49.52.

Trading took place in First Citizens Bank which enjoyed an 86 cents gain to end the day at $37.00; Grace Kennedy had 100,000 shares changing hands for a value of $355,020 with the price moving up 20 cents to $3.70, Angostura Holdings with 25,000 shares traded for $312,500 suffering a price fall of 25 cents to end at $13.50; National Commercial Bank contributed 9,020 shares with a value of $10,012 but the price remained unchanged at $1.11; Point Lisas Industrial Port Development had 4,155 shares trading at $3.70 by gaining a cent; Trinidad Cement traded 2,000 units as the price gained 2 cents to end at $2.20; Sagicor Financial Corporation added 5,745 shares valued at $40,272 as the price remained unchanged at the end of trading at $7.01 and so too for National Enterprise that traded 1,680 units to end at $17.60.

TTSEDec16Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 25,743 shares valued at $558,623 remained at $21.70. One Caribbean Media closed at a new 52 weeks high of $18.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator show bids for 4 stocks higher with 2 offers lower than their last selling prices.

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

FX: Market may be topping

December 13, 2013 by

Friday, 13th December 2013 | Dealers bought US$4 more US dollars than they sold on Friday but both the buying and selling rates for the North American currency moved up.

The market is now in the season of increased inflows and reduced out flows as the tourist seasons and the period of higher remittances come together. Indications from the highest and lowest rates suggest that the top of the market may be at hand as only the highest buying rate for the Canadian dollar rose at the end of the day with most remaining unchanged.

There was an overall buying of the equivalent of US$37,329,602 and selling of US$30,812,003.

High & Lows | The highest buying rate for the US dollar fell by 10 cents to $107.00, the rest of the rates remained unchanged with the lowest selling being $86.01 and the highest selling $110.21 and the low at $102.40.

FX_TRADE+Currency+Dec13The lowest buying and selling rates for the Canadian dollar remained unchanged at $79.68 and $96 respectively but the highest buying rate moved up 60 cents $101.50 while the highest selling rate declined by 28 cents to $102.72.

The British Pound saw a reduction of 55 cents in the highest buying rate that closed at $174.85 and enjoyed stability in the rest with the lowest buying being $139.03, the high for selling being $177.20 and the low $167.50.

FX_TRADE+HighLow+Dec13Spot trades | The buying rate for the US dollar climbed 19 cents to $105.74 as dealers bought $31,815,587 and sold $27,970,567 at $106.12, inched up by a cent. C$1,208,977 was bought $98.21, up by 12 cents but the selling rate fell 8 cents to $99.93 with the selling of $716,102. Dealers bought £2,539,570 as the rate fell 83 cents to end at $171.52 and they sold £1,108,279 at $173.67, down by 42 cents.

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

JSE: Market close week down

December 13, 2013 by

Friday, 13th December 2013 | Trading picked up somewhat on the last trading day of the week as the Jamaica Stock Market recorded another day of falling indices but 5 stocks advanced in price to 7 that fell and 1,926,732 shares traded with a value of $56,739,948.

Market Indices | The two main market indices fell by the end of trading with the JSE Market Index closing at 77,877.89 down by 218.42; the JSE All Jamaican Composite closed at 77,202.68, having a fall of 379.72 and the JSE Junior Market Index closed at 753.39 for a decline of 9.19.

Stocks trading comprised Cable & Wireless 235277 units firm at 16; Caribbean Cement 80,200 units at $2.30; Carreras 11,707 shares at $36.00; Grace Kennedy 908,837 units at $61 up by $5; Jamaica Broilers 18,770 closing firm at $4.30; Mayberry Investments 34,933 shares to close firm at $$2; National Commercial Bank 89,861 shares to close at $17 up 99 cents but not before the stock traded at a new 52 weeks low of $15.55; Sagicor Real Estate X Fund 3,950 units closing unchanged at $6, but only after the price hit a new all-time high of $6.60; Scotia Group 66,404 units as the price closed firm at $19 and Scotia Investments price retreated by 5 cents to $26.95.

JSEIndicesDec13Jamaica Money Market Brokers 7.50% preference share traded 50,000 units unchanged at $2 and the 8.75% traded 130,000 units at $2.90.

Junior Market | Stocks traded in the junior market with extremely low volume. Lasco Financial traded units at $1.30; Caribbean Producers traded 94,152 units and closed firm at $2.50; Dolphin Cove traded just 5,000 units at $8.50, an increase of 50 cents; General Accident Insurance traded 49,203 units at $1.62; Lasco Distributors had 12,000 units changing hands at $1.40 down 8 cents; Lasco Financial Services lost 19 cents to close at $1.11 while trading 90,000 shares, Lasco Manufacturing exchanged just 6,714 units at $1.39 as the price gained 9 cents and Eppley 9.5% preference shares traded firm for the first time at the issue price of $6 with 9,000 units.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator show bids for 8 stocks being higher with no offers that were lower than their last selling prices.

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

TTSE: TCL dominates

December 13, 2013 by

Friday, 13th December 2013 | Trinidad Cement dominated trading on the last day of the week on the T&T Stock Exchange with 2,781,835 shares changing hands for a value that was more than half of the total amount that traded as investors forked out $6,067,912, but the price fell 5 cents to close at $2.18.

Overall market activity resulted from trading in 10 securities of which 1 advanced, 3 declined and 6 traded firm as 2,914,562 shares changed hands valued at $11,247,176.

The Composite Index declined by 0.17 points to close at 1,173.74; the All T&T Index declined by 0.28 points to close at 1,970.53 and the Cross Listed Index declined by 0.01 points to close at 49.48.

TTSEDec13Trading resulted in Guardian Holdings 6,000 units firm at $13.50; National Enterprises 1,015 units to close at $17.60; National Flour Mills had 5,360 units as the price closed at 95 cents; Neal & Massy Holdings added 14,967 shares valued at $885,595 and close a cent up at $59.17. Sagicor Financial contributed 50,000 shares with a value of $350,500 and closed at $7. Scotiabank, with a volume of 52,145 shares, traded for $3,781,099 to close at $72.50.

Clico Investment Fund, swapped 2,590 shares valued at $56,203 as the price remained unchanged at $21.70.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator show bids for 4 stocks higher with 2 offers that were lower than their last selling prices.

Image courtesy of Photokanok/FreeDigitalPhotos.net.

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

JSE: Slow trading continues

December 12, 2013 by

Thursday, 12th December 2013 | The Jamaica stock market recorded another day of very low trading as the indices moved down and 5 stocks advanced in price to 7 that fell. There was trading of only 890,346 shares with a value of $18,037,940.

Indices | The two main market indices fell by the end of trading with the JSE Market Index closing at 78,096.31 down by 569.13; the All Jamaican Composite closed at 77,582.40, having a fall of 989.41 and the Junior Market Index closed at 762.58, up by 8.99.

Stocks trading comprise Cable & Wireless 169,348 units at 16 down a cent; Carreras 10,940 shares at $36.10, up 30 cents; Grace Kennedy 196,211 units at $56 down by $1.03; Jamaica Broilers 12,800 shares closing up at $4.30, an increase of 7 cents; Mayberry Investments 77,431 shares to close up 4 cents at $$2; National Commercial Bank 125,200 shares to close at $16.01; Sagicor Real Estate X Fund 10,000 units closing unchanged at $6; Scotia Group 11,154 units as the price closed down $1 at $19; Scotia Investments 113,838 units as the price retreated by 5 cents to $26.95 and Seprod lost 30 cents to close at $10.70 while 4,250 shares traded.

JSEIndicesDec12Jamaica Money Market Brokers 7.50% preference share traded 100,000 units at $2.

Junior Market | Only stocks of three companies traded in the junior market with extremely low volume. Lasco Financial traded 31,934 units at $1.30, Caribbean Producers closed up 30 cents to $2.50 with only 3,970 shares.

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

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

TTSE: $21M spent on Clico & Republic

December 12, 2013 by

Thursday, 12th December 2013 | The Trinidad stock market enjoyed a buoyant day but more in terms of the value of trading rather than in quantity of shares. 729,660 shares traded valued at $22,288,721 as Republic Bank and Clico Investment completely dominated trading by accounting for over $21 million. Market activity resulted in 11 securities trading of which 5 advanced, 1 declined and 5 traded firm.

The Composite Index declined by 1.81 points to close at 1,173.91; the All T&T Index declined by 3.65 points to close at 1,970.81 and the Cross Listed Index remained at 49.49.

Clico Investment Fund, posted a volume of 631,723 shares valued at $13,708,370 and the price advanced by 2 cents to end at $21.70.

TTSEDec12First Citizens Bank traded 1,220 units and moved up 2 cents to close at $36.14; Guardian Holdings contributed 4,600 shares with a value of $62,100, the stock closed firm at $13.50; National Flour Mills added 3,400 shares valued at $3,230 while closing firm at 95 cents; Republic Bank traded 72,006 shares valued at $8,328,214 and closed up by 5 cents to end at $115.66; Point Lisas Industrial Port had a volume of 12,889 shares trading for $48,084, the price closed 10 cents down at $3.70.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator show bids for 6 stocks higher and 4 stocks with offers lower than their last selling prices.

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