JSE: Market down, but points up next

November 20, 2013 by

Wednesday, 20th November 2013 | Trading activity on the Jamaica Stock Exchange resulted in 4 stocks advancing to 9 that declined as the indices mostly fell with JSE Market Index closing at 77,001.06 down 427.23; JSE All Jamaican Composite closed at 75,674.02 down 742.72 and JSE Junior Market Index closed at 705.23 down 14.74. KLE Group hit $1.10 and Caribbean Cream 88 cents, new all-time lows for both. Trading was for 1,648,532 units valued at $12.7 million.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 10 stocks higher and 2 stocks with offers lower than their last selling price, one of the strongest indicator for some time.

Main Market stocks | In main market trading, Cable & Wireless traded 213,611 units unchanged to close at 15 cents; Caribbean Cement stock price lost 22 cents to close at $2 with 84,800 having changed hands; Jamaica Money Market Brokers traded 32,514 units to close at $7.86 up a cent; National Commercial Bank had only 6,150 units as the price closed at $17.50, down 30 cents; Sagicor Life put in 32,561 units and closed at $7.80, for a gain of 5 cents; Sagicor Real Estate X Fund traded 28,912 units to close firm at $5.20. Scotia Group exchanged 595,250 units to close at $17, down 11 cents.

Proven Investments traded 15,400 to close up at 12 US cents.

JSEIndicesNov20In the preference shares segment, Jamaica Money Market Brokers 8.75% traded 8,470 units at $2.90 down 10 cents and Proven Investments 8% traded 60,000 units to close unchanged at $5.09.

Junior Market | Trading picked up in the junior market with 9 companies involved in trading with KLE Group trading 7,187 units to close at a new low of $1.10 off by 20 cents; Blue Power Group traded 9,000 units, the price held firm at $9.28; Caribbean Cream traded 15,500 units to close 14 cents lower at a new all-time low of 88 cents; Caribbean Producers exchanged 37,055 units at $1.94 down a cent; Consolidated Bakeries had just 1,000 units trading at $1.39 up 19 cents; General Accident Insurance swapped 37,750 units at $1.60; Lasco Distributors had a reasonable day with 260,000 units trading to close firm at $1.45; Lasco Financial Services traded 183,220 units to close firm at $1 and Lasco Manufacturing traded 221,000 units and closed down 13 cents to $1.38.

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

TTSE: Moderate trading

November 20, 2013 by

Wednesday, 20th November 2013 | Market activity resulted from trading in 15 securities of which 3 advanced, 4 declined and 8  traded firm as 280,277 shares traded for a value of $4,173,249.

Trading in the main market resulted in First Citizens Bank added 19,122 shares valued at $688,404 as the price remained firm at $36. National Commercial Bank with a volume of 55,220 shares traded for $63,503. Prestige Holdings was the volume leader with 84,381 shares changing hands for a value of $797,400.45; Sagicor Financial Corporation exchanged 7,896 units at $7.20 down 5 cents;  Agostini’s traded 4,166 units to close at $17.99 down a cent; Republic Bank swapped 2,990 units at $115.04 off a cent; Trinidad Cement  contributed 35,755 shares with a value of $78,861 and closed unchanged at the end at $2.20; Unilever Caribbean traded at a new 52 weeks high in gaining 7 cents but only 798 units traded to end the day at $56.10.

TTSENov20Clico Investment Fund traded 52,966 shares valued at $1,138,754 as the price remained unchanged at $21.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 4 stocks higher and 5 stocks with offers lower than their last selling price.

Image courtesy of Photokanok/FreeDigitalPhotos.net.

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

FX: Rate fall for GBP up for US$ & CD$

November 19, 2013 by

Tuesday, 19th November 2013 | On the ForEx market, the rate of exchange for the British Pound declined on Tuesday while rates for the United States and Canadian dollar increased against the Jamaican dollar.

Dealers purchased US$24,901,729 as the rate moved up 18 cents to $104.99 and they sold US$25,543,836 with the rate increasing by 7 cents to $105.76. There was buying by dealers of C$1,096,978 as the buying rate went down 79 cents to $99.23 but as they sold C$1,752,851, the selling rate increased by 76 cents to $102.24. There was buying of £1,201,514 with the rate declining by 39 cents to $168.19 and selling of £883,957, the rate was down 15 cents to $171.31. Other currencies bought, amounted to the equivalent of US$1,194,848 and selling of US$1,062,777.

The total amount of US dollar equivalent of currencies bought amounted to US$29,057,997 and the equivalent of US$29,733,194 was sold.

FX_TRADE+Currency+Nov19Highs & Lows | The highest and lowest rates for the three main traded currencies all moved upwards except in two cases. There was no change to the lowest buying rate for the US dollar at $85.50, but the highest buying rate moved up by 12 cents to $107 and the highest selling rate was up 10 cents to $109.97 and it was 5 cents up for the low at $85.51.

The Canadian dollar saw a 10 cent slippage in the highest buying rate at $102.20 and a 33 cents rise in the lowest buying rate at $80.51. The highest selling rate moved up 22 cents to $103.79 and the low was up by 40 cents to $97.

FX_TRADE+HighLow+Nov19The British Pound moved up 15 cents to reach $172.15 for the high and up $19.62 for the low to hit $135.87. The high for the selling rate reached $175.16 an increase of 11 cents while the low was up 10 cents to $163.70.

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

JSE: Scotia dominates Tues 19th

November 19, 2013 by

Tuesday, 19th November 2015 | Scotia Group was by far the dominant stock to traded days ahead of 2013 final results as 5,598,433 units traded as the price closed down 39 cents at $17.11. It also accounted for the bulk of the value of trading with $97,970,828 out of a total of $113.15 million.

Trading activity on the Jamaica Stock Exchange resulted in 7 stocks advancing to 6 that declined as the indices mostly rose with JSE Market Index closing at 77,428.29 up 241.79, JSE All Jamaican Composite closed at 76,416.74 up 420.34 and JSE Junior Market Index closed at 719.97 down 5.11.

Main Market stocks | Cable & Wireless traded 213,611 units unchanged to close at 15 cents; Desnoes & Geddes put through 504,974 shares to close firm at $4.80; First Caribbean International Bank had 2,404 units trading at $90.01; Grace Kennedy 66,104 at $56.51; Jamaica Broilers traded only 7,623 shares and it closed unchanged at $4.19; Jamaica Money Market Brokers  lost 5 cents as it traded 479,609 units to close at $7.85; Mayberry Investments had 20,000 units changing hands at $1.91, unchanged at the end of trading; National Commercial Bank had only 15,540 units as the price closed at $17.80 the same as the day before; Sagicor Life put in 111,256 units and closed at $7.75, for a gain of 5 cents; Sagicor Real Estate X Fund traded 23,628 units to close at a new high of $5.20 as the price put on 5 cents.

In the preference shares segment Jamaica Money Market Brokers 8.50% traded 102,200 units at $3.50.

JSEIndicesNov19Junior Market | Caribbean Producers 100,001 at $1.95; Consolidated Bakeries 9,000 at $1.20; Dolphin Cove 19,406 units helped in pushing to price 50 cents to $7.50; General Accident Insurance swapped 10,000 units at $1.60; Lasco Distributors had a good day with 555,966 units trading to close at $1.45. Lasco Financial Services traded well with 1,979,075 units to close at $1, up 3 cents and Lasco Manufacturing traded 55,253 units and closed down 2 cent to $1.38.

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

Image courtesy of Photokanok/FreeDigitalPhotos.net.

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

TTSE: Buy Rated Neal & Massy up $1

November 19, 2013 by

Tuesday, 19th November 2013 | Buy Rated conglomerate Neal & Massy Holdings closed up in trading on the Trinidad Stock Exchange as there was trading in 3,895 shares valued at $229,805 as the price closed up $1 to end at $59. On another day of light trading in small lots, the overall market activity had trading in 12 securities of which 2 advanced, 1 declined and 9 traded firm as 259,777 shares traded with a value of $1,674,227.

First Citizens Bank closed firm at $36 while trading 650 units; Trinidad Cement with 225,344 shares valued at $496,607 changing hands as the price drifted down by a cent to $2.20; Sagicor Financial Corporation 20,057 shares traded for $145,413 with the price holding firm at $7.25; Republic Bank contributing 5,220 shares with a value of $600,552 and the price gained 4 cents to end at $115.05; while Scotiabank had trading in 1,470 units and closed firm at $72.01.

TTSENov19Clico Investment Fund had of 2,143 shares valued at $46,075 as the price remained unchanged at $21.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 3 stocks higher and 3 stocks with offers lower than their last selling price.

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

FX: Buoyant flows as rates climb

November 18, 2013 by

Monday 18th November 2013 | In forex trading on Monday, the collective buying of the various currencies translated to US$42,616,118 or $7 million more than the US$35,482,491 that was sold.

For individual currencies there was buying of US$35,094,952 at a rate that was 15 cents lower than on Friday at $104.82, while there was sale of US$30,042,915 at $105.69 up 10 cents in spite of the US$5 million excess purchase over the amount sold.

The Canadian dollar gained $1.04 to end at $100.02 as dealers bought C$2,983,573 while they sold C$2,061,610 at $101.49 for a 60 cents increase. £2,571,594 was bought at $1.10 more than on Friday at $168.58 and £1,925,535 was sold at $171.47 up 51 cents.

FX_TRADE+Currency+Nov18Highs & Lows | US dollar was bought for 8 cents more than on Friday at the highest level of $106.88 but there was no change to the low which ended at $85.50; the highest selling rate moved up 58 cents to $109.57 with no change to low at $85.46.

The Canadian dollar was up $1.15 to $102.30 for the highest buying rate, up 25 cents to $80.18 for the lowest buying rate and up 23 cents for the highest selling rate of $103.57 with the lowest selling rate jumping by $14.71 to $96.60.

FX_TRADE+HighLow+Nov18The British Pound was bought as high as $172.00, up $1 but was down $18.50 to $116.25 for the lowest buying rate and up $1.34 to $175.05 for the highest selling rate and up $1.25 to $163.60 for the low.

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

JSE: Low trading

November 18, 2013 by

Monday, 18th November 2013 | It was another slow trading day and low volumes on the Jamaica Stock Exchange. Scotia Group stood out while trading 2,294,482 shares valued at $40,156,819 with the final price ending at $17.50. No other stock came close to the volume or value of the Scotia trades. A total of 3,253,336 shares changed hands valued at $45,405,974 as the indices fell once more; the main market closing down 480.87 to 77,186.50; the all Jamaica index 75,996.40 down 835.97 and the junior market index down less than a percent to 712.08.

Overall 23 stocks traded with 8 declining and the price of 5 increasing.

Caribbean Cement traded 5,300 units to close down 35 cents at $2.35; Jamaica Broilers had 257,686 units as the price closed at $4.19 down 31 cents; Jamaica Money Market Brokers traded 53,600 shares to close at $7.90, up by 4 cents; Jamaica Producers 10,513 units were all traded at $18.25, unchanged from Friday’s close; National Commercial Bank struggled to trade 78,312 units as the price closed at $17.80, down 20 cents, but it traded as low as $16.75; Sagicor Life 57,000 units to close at $7.70; Supreme Ventures had 223,154 units trading at $2.59.

JSEIndicesNov18Jamaica Money Market Brokers 7.50% preference share traded 95,000 units firm at $2.

Eight stocks traded in the junior market but only three had any volume to write home about as Caribbean Producers Jamaica traded 20,477 at $1.92; Lasco Distributors 63,572 shares to close at $1.45 and Lasco Manufacturing 53,576 to close at $1.40.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 6 stocks higher and 5 stocks with offers lower than their last selling price.

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

TTSE: Low Monday trades

November 18, 2013 by

Monday, 18th November 2013 | Trading on the Trinidad Stock Market was moderate on the first business day of the week with only 375,130 shares being exchanged valued at $1,518,397 as 15 securities changed hands of which 2 advanced, 4 declined and 9 traded firm with no stock recording any noticeable price change.

Stocks that traded include First Citizens Bank with 5,023 units closing firm at $36; Firstcaribbean International Bank 2,343 units unchanged at $6.75; Jamaica Money Market Brokers 3,000 shares as the price gained 3 cents to end the day at $0.58; National Enterprises added 5,971 shares valued at $107,296 as the price closed firm at $17.97; Trinidad Cement exchanged 321,255 shares for $709,974 as the price closed at $2.21; National Flour Mills had 12,000 shares traded for $11,400 as it closed at 95 cents; Prestige Holdings contributed 6,111 shares with a value of $57,752, while the price closed up 2 cents at 95 cents. Grace Kennedy suffered a fall of 5 cents to close at $3.99 with only 297 units trading.

TTSENov18Clico Investment Fund had 18,000 shares valued at $387,000 changing hands as the price remained at $21.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 2 stocks higher and 3 stocks with offers lower than their last selling price.

Image courtesy of watcharakun/FreeDigitalPhotos.net

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

FX: Are rates topping out?

November 15, 2013 by

Friday, 15th November 2013 | With just one month to the start of the winter tourist season and the advent of Christmas when the inflows of foreign exchange will increase, the question is whether the top of the foreign exchange market in terms of ratesvis near? The question is relevant in light of this week’s trading in the forex market where the rates have reflected a greater level of stability all week long.

The total foreign currencies traded on Friday amounted to the equivalent of US$24,561,809 and selling amounted to US$27,302,542. Currency denominated in US dollars amounted to $21,565,152 as the rate gained 8 cents to end at $104.97 and US$22,863,674 was sold with the rate gaining a cent to end at $105.59. The Canadian denominated currency traded C$1,128,401 as the rate gained 40 cents to close at $98.99 and C$750,162 was sold down 28 cents at $100.89. The British Pound purchases amounts to £1,114,892 but the rate fell $1.11 to end at $167.48 and selling was £1,994,243 for an increase of 17 cents, ending the day at $170.96.

FX_TRADE+Currency+Nov15Highs & Lows | The highest buying rate for the US dollar was $106.80, a gain of 15 cents but there was no change to the lowest buying rate of $ 85.50; the highest selling rate moved down by 58 cents to $108.99 and a large $16.94 decline to $85.46.

The highest buying rate for the Canadian dollar was $101.15, a decline of 85 cents with no change to the lowest rate of $79.93; the highest selling rate moved down by 16 cents to $103.34 and the lowest moved down by all of $14.41 to $81.89.

FX_TRADE+HighLow+Nov15The highest buying rate for the British Pound was $171.00, a fall of a dollar and the lowest was up 62 cents up to $134.75. There was no change to the highest selling rate of $173.71 or the lowest of $162.35.

 

Image courtesy of StuartMiles/FreeDigitalPhotos.net

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

JSE: Sagicor X fund lists

November 15, 2013 by

Friday, 15th November 2013 | Sagicor Real Estate X Fund, which went to the public in September to raise additional capital, started trading as the 67th listing on the Jamaica Stock Exchange for the first time on Friday. The shares rose 7 cents from the IPO price of $5 with 45,421 units changing hands at $5.07, to end the day at an all-time high.

Elsewhere, the market indices reflected the general negative tone with the JSE main index closing at 78,407.85, a decline of 465.90 and the all Jamaica Index slipped 809.94 to close at 76,832.37; the junior market index declined by 2.55 to close at 726.01.

There were 11 stocks declining in price with 4 advancing as 27 securities traded amounting to 2,066,618 shares valued at $26,406,422.

Main Market | Trading in the main market accounted for 407,782 Cable & Wireless shares, as it closed at 15 cents down a cent; Carreras 535,372 shares valued at $18.7 million with the price closing firm at $35; Gleaner with 63,007 units at a closing price of $1.11; Grace Kennedy with 13,316 units to close at $56.02 down $1.48; Jamaica Money Market Brokers 14,000 units at $7.86 down 15 cents; Jamaica Producers swapped 25,387 shares and closed unchanged at $18.25; Jamaica Stock Exchange had 5,000 shares trading as the price slipped 30 cents to close at$2.50, a new all-time low; National Commercial Bank fresh from reporting below expected profit in the September quarter, traded just 10,393 units and closed at $18, down 20 cents; Pan Jamaican Investment traded 34,720 units in closing firm at $48.05; Sagicor Life exchanged 20,850 shares with the price inched up a cent at $7.71; Scotia Group had 143,768 shares changing hands and closed at $17.52 down 48 cents; Supreme Ventures traded 30,706 units firm at $2.60 and Jamaica Money Market Brokers 7.50% swapped 50,000 units, unchanged at $2.

JSEIndicesNov15Junior market | There was trading of 7 companies’ shares with Dolphin Cove accounted for 8,630 units and closed 2 cents down at $8, in spite of the company posting increased profits of 78 percent for the September quarter and 27 percent for the nine months to September with year to date earnings coming in at 81 cents versus 63 cents in 2012. Jamaican Teas posted 7,374 shares and closed at $3.60; Lasco Distributors saw 473,400 units changing hands to close firm at $1.45; Lasco Financial Services traded 53,462 to close at $1 and Lasco Manufacturing exchanged 96,000 units as the price closed firm at $1.40.

IC bid-offer Indicator | At the end of trading, the bid-offer indicator showed that there were bids for 5 stocks higher and 5 stocks with offers lower than their last selling price.

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