TTSE: Scotia at new 52 weeks high

November 15, 2013 by

Friday, 15th November 2013 | Scotia closed at new 52 weeks high of $72.03 and has done so on several occasions this week when not many new highs were reached by others on the Trinidad Stock Exchange. Trading took place in 15 securities of which 2 advanced, 3 declined and 6 traded firm as 387,570 units valued at $10,037,110 changed hands.

ANSA McAL traded 82,045 shares for $5,439,300 as the price rose 6 cents to $66.30. Firstcaribbean International Bank traded 4,367 shares to close unchanged at $6.75; First Citizens traded 15,681 valued at $564,516 to closed unchanged at $36; Guardian Holdings added 6,414 shares valued at $95,825; Jamaica Money Market Brokers traded 130,500 shares with a value of $71,775 and closed at 55 cents, down 5 cents; Sagicor Financial Corporation traded 1,852 units to close firm at $7.25; Scotiabank traded 3,474 units and closed up 39 cents to end the day at $72.05 a new 52 weeks high. West Indian Tobacco traded 4,997 units to close firm at $120.00; One Caribbean Media dropped 20 cents to close at $18.10 with 325 shares trading.

TTSENov15Clico Investment Fund exchanged 137,895 shares valued at $2,964,743 but the price remained at $21.50.

IC bid-offer Indicator | At the end of trading, the bid-offer indicator showed that there were bids for 4 stocks higher and 3 stocks with offers lower than their last selling price.

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

FX: Ja$ appreciate vs USD

November 14, 2013 by

Thursday, 14th November 2013 | The forex market was characterised by much more selling of foreign currency than buying as the equivalent of US$23,812,260 was bought by dealers and US$31,913,379 was sold as dealers, who racked up two days of surplus purchases, reduced their holdings ahead of the weekend.

Trading in individual currencies saw US$19,427,265 being purchased by dealers for a 35 cents reduction at $104.89 and selling of $27,808,566 at 7 cents less at $105.58 as the local currency enjoyed a rare day of appreciation. There was buying of C$983,106 for $98.59 down by $1.12 and selling of C$658,563at 9 cents off at $101.17; the British Pound traded at $168.59, which was $1.01 more than on Wednesday as £1,705,708 was purchased by dealers and £1,680,007 was sold for $170.79 up 97 cents.

FX_TRADE+Currency+Nov14Highs & Lows | The highest buying rate for the US dollar fell 20 cents to $106.65 while the lowest was unchanged at $85.50 as was the highest selling rate of $109.57; the lowest selling rate increased by $16.89 to $102.40.

The highest buying rate for the Canadian dollar was up 40 cents to $102.00 and the lowest rate was unchanged at $79.93; the highest selling rate increased 60 cents to $103.50 and the lowest fell 6 cents to $96.30.

FX_TRADE+HighLow+Nov14The highest buying rate for the British Pound moved up $1.75 to $172.00 as the lowest gained $14.13 to $134.13; the highest selling rate gained $2.20 to hit $173.71 and the lowest was up 75 cents to $162.35.

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

JSE: Heavy trading in Carreras JBG & Scotia

November 14, 2013 by

Thursday, 14th November 2013 | There was heavy trading on the Jamaica Stock Exchange in Carreras, Jamaica Broilers and Scotia with Carreras accounting for another day of large trades following Wednesday’s 9.8 million units.

Carreras saw trading in 2,831,971 units of the stock valued at $99,144,875 but closed firm at $35 as the company reported earnings of $1 per share for the September quarter in line with the June results, but revenues was down less than in the June quarter. The company’s sales are still to recover from the impact of a price increase earlier in the year and the resulting stock piling of inventory by the trade. Jamaica Broilers had 1,500,000 units being crossed early in trading valued at $6,765,000 as the price inched up 1 cent at $4.51 and Scotia Group put in 3,786,432 units valued at $68,217,133 as the price ended at $18, down 37 cents.

The total shares traded numbered 8,853,281 units at a value of $176,300,455 as 3 stocks advanced and 6 declined in price on a day when only 17 companies stocks traded. The indices were down once more with the Main Market index down 274.58 to 78,133.27, the all Jamaica index shed 483.12 to close at 77,642.31and the Junior was down marginally to close at 728.56.

Mayberry Investments put in 289,772 to close unchanged at $1.91; Pan Jamaican Investment had 10,464to close at $48.05; Scotia Investments exchanged 27,123 to close at $26.01 down $1.99; Seprod 2,236 units helped in pulling the price down to $12, down $1 following poor third quarter numbers showing profit off from $196 million in 2012 to $80 million in the 2013 quarter. Supreme Ventures also reported lower results in the third quarter of $32.6 million versus $125.6 million in 2012.

JSEIndicesNov14Jamaica Money Market Brokers 8.75% preference traded 32,200 units and closed firm at $3.

Junior Market | Trading in the junior market has seen little interest as only 4 stocks traded with Dolphin Cove changing 5,600 units at $8.02; Lasco Distributors 11,000 closing at $1.45 and Lasco Financial Services exchanged 108,171 units, unchanged at $1.

IC bid-offer Indicator | At the end of trading, the bid-offer indicator showed that there were bids for 4 stocks higher and 6 stocks with offers lower than their last selling price, reflecting a market that more weak than strong currently.

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

TTSE: Neal & Massy dominant with $14.6m

November 14, 2013 by

Thursday, 14th November 2013 | Neal & Massy Holdings was the dominant trade on Trinidad Market with volume of 251,640 shares changing hands for a value of $14,595,120 with price remained unchanged at the end at $58. Trading occurred in 15 securities of which 2 advanced, 2 declined and 11 traded firm as 480,595 units valued at $16,120,133 changed hands.

First Citizens traded 15,920 to close unchanged at $36; Grace Kennedy suffered a loss of 5 cents to close at $4.04; Jamaica Money Market Brokers traded 46,000 shares with a value of $27,600.00 and closed firm at 60; National Commercial Bank, which is expected to announce both full year’s results and a dividend later today, had a volume of 94,892 shares valued at $109,126 as the price closed up a cent to $1.15; Point Lisas Industrial Port added 32,533 shares valued at $123,777 as the price inched up a cent to $3.80; Republic Bank traded 4,447 units at $115.01; Trinidad Cement traded 19,583 units unchanged at $2.20.

TTSENov14Praetorian Property Mutual Fund traded a volume of 6,000 shares valued at $21,600 and closed firm at $3.60.

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

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

FX: Buying well in excess of sales

November 13, 2013 by

Wednesday 13th November 2013 | Trading in the forex market was buoyant on Wednesday with buying by authorised dealers of the equivalent of US$43,040,918 at an increase in the rate by 17 cents to end at $105.24 as dealers sold US$31,097,145 at $105.64 up 9 cents.

Trading resulted in C$1,397,900 being bought by dealers at $99.71 up 82 cents and selling totalled C$1,214,294 at a closing rate of $101.26 up 69 cents.

The pound traded at $167.5861 up 47 cents as dealers bought £1,258,802 and the sold £1,288,680 at $169.82 up 58 cents.

FX_TRADE+Currency+Nov13The total amount of foreign currencies bought amounted to US$46,538,943 while the equivalent of US$34,477,540 was sold.

Highs & Lows | The highest buying rate for the US dollar was $106.85 down 15 cents while the lowest remained unchanged at $85.50 as did the highest selling rate which closed at $109.57 while the lowest sales rate increased by 13 cents to $85.51.

The lowest buying rate for the Canadian dollar remained unchanged at $79.93 but the highest rose 10 cents to $101.60. The highest selling rate closed down 30 cents at $102.90 and the lowest fell 9 cents to $96.36.

FX_TRADE+HighLow+Nov13The Pound went for as high as $170.25 or 55 cents more when bought by dealers and as low as $120.00 down $14.71 and was sold as high as $171.51 down by $2.15 and as low as $161.60, down 70 cents.

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

JSE: Carreras crash party

November 13, 2013 by

Wednesday, 13th November 2013 | Wednesday was another light day on the Jamaica Stock Market as Carreras, suffering ever since the announced ban on cigarettes smoking in public spaces, dropped $4 to a new 52 weeks low of $35. Carreras had a good volume passed through the market amounting to 9,284,752 carrying a value of $325 million.

Caribbean Cement had only 3,400 units trading to close at $2.70 down 8 cents; Gleaner 19,486 units took place at $1.10; Jamaica Broilers had only 3,500 changing hands to close at $4.50 up 20 cents; Jamaica Money Market Brokers had a decent 211,872 units but dipped cents to close at $8.01; Sagicor Life Jamaica had 16,600 as the price closed at $7.60; Scotia Group put in 69,244 units to close at $18.37, down 73.

In the preference sector, Jamaica Money Market Brokers 7.50% exchanged 155,000 firm at $2 while their 8.75% traded 210,664 units at $3.

JSEIndicesNov13Junior Market | The Junior market had only 3 securities trading as Consolidated Bakeries accounted for 239,400 units at a closing price of $1.30 for a gain of 5 cents and Lasco Financial Services had 472,550 units to close at $1.

There were 6 stocks declining as 4 advanced in price as 16 securities traded amounting to 10,689,368 shares valued at $329,979,469. The JSE main index closed at 78,407.85, a decline of 581.24 and the all Jamaica Index slipped 1,022.68 to close at  78,125.43. The Junior market index bucked the trend by gaining 0.38 to close at 728.66.

IC bid-offer Indicator | At the end of trading, the bid-offer indicator showed that there were bids for 7 stocks higher and 5 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: Prices fairly stable

November 13, 2013 by

Wednesday, 13th November 2013 | A total of 14 securities traded on the Trinidad & Tobago Stock Exchange on Wednesday of which 4 advanced, 2 declined and 8 traded firm resulting in 241,079 units being exchanged for $$4,119,449.

Jamaica Money Market Brokers had 103,500 shares changing hands for a value of $62,100 and the price remained at 60 cents; First Citizens traded 3,707 units and closed up a cent at $36; Guardian Holdings traded 2,000 units at $14.96 down 3 cents; Neal & Massy Holdings had a volume of 54,020 shares trading for $3,133,160 at 58 each. Prestige Holdings had only 2,000 units trading but at a new 52 weeks high of $9.43. Scotia Investments contributed 32,500 shares with a value of $58,928 while falling 13 cents to close at $1.81; Sagicor Financial Corporation added 11,000 shares valued at $79,750 with the price remaining at $7.25; Scotiabank gained 4 cents to end the day at $71.66, another 52 weeks high as 750 units were traded. Trinidad Cement put in 10,515 units as the price held at $2.20.

TTSENov13Clico Investment Fund saw trading in 16,954 shares valued at $364,511 as the price remained unchanged at $21.50.

IC bid-offer Indicator | At the end of trading, the bid-offer indicator showed that there were bids for 4 stocks being higher and 2 stocks with offers lower than their last selling price.

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

FX: Rates down for Pound and Can$

November 12, 2013 by

Tuesday, 12th November 2013 | The US dollar was the only currency to strengthen against the Jamaican dollar on Tuesday. Trading in foreign currencies resulted in the highest buying rate for the US dollar closing up 70 cents at $107.00 and the lowest buying rate closing up 4 cents at $85.50; the highest selling rate closed up 6 cents at $109.57 while the lowest declined 8 cents to $85.38.

The highest buying rate for the Canadian dollar closed down 10 cents at $101.50 and the lowest buying rate closed down 33 cents at $79.93; the highest selling rate was down 50 cents at $ 103.20 and the low fell 25 cents to $96.45.

FX_TRADE+Currency+Nov12The highest buying rate for the British Pound closed down 65 cents at $169.70 while the low was off 87 cents at $134.71. The highest selling rate closed down $1.12 at $173.66 and the low was off $2.0 at $162.30.

There was buying for US$40,229,588. which was up 57 cents to $105.06 and selling of US$31,274,979 with the rate closing at $105.55 up 17 cents. C$1,032,115 was bought by dealers with the rate up 18 cents to $98.88 and selling amounted to C$820,954 as the rate was down 95 cents to $100.57.

£2,363,306 was bought as the rate moved up 40 cents to $167.12 and £1,233,803 was sold with the rate down $2.19 to $169.24.

FX_TRADE+HighLow+Nov12Total foreign currencies trading translated to US$45,073,215 being bought by dealers or nearly US$11 million more than the US$34,244,536 being sold.

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

JSE: Trading picks up

November 12, 2013 by

Tuesday, 12th November 2013 | There was trading in 30 securities on the Jamaica Stock Exchange resulting in 2,829,064 shares trading with a value of $14,337,405 and 9 stocks advanced to 7 declining.

Caribbean Cement 102,500 at $2.78 was down 17 cents; Desnoes & Geddes had 535,437 units and closed firm at $4.80; Gleaner 1,095,213 units unchanged at $1.11; Grace Kennedy 19,742 units to close firm at $58.50; Jamaica Broilers saw trading in 78,891 shares and closed at $4.30 a fall of 20 cents; Jamaica Money Market Brokers had 4,631 shares, closing unchanged at $8.05; Mayberry Investments had 27,575 units to close up a cent at $1.91; National Commercial Bank 58,455 units resulted in a closing price of $18.40 up 90 cents; Proven Investments exchanged 73,389 units as the price at close to 11.95 US cents; Sagicor Investments Jamaica had 28,253 units to close at $15.66, down 34 cents and investors pushed through 51,479 Sagicor Life shares to close at $7.58, down 2 cents.  Scotia Group 251,504 units ended upping the price to $19.10 at the close up 60 cents and Supreme Ventures exchanged 19,294 shares to close unchanged at $2.60.

JSEIndicesNov12Junior market | Access Financial Services 20,760 traded at $8.28; Caribbean Flavours & Fragrances 23,917 $2.60, off 5 cents; Caribbean Producers had 17,239 units to close firm at $1.92; Honey Bun traded 7,233 to close firm at $3.05; Jamaican Teas traded 12,626 to close firm at $3.60; Lasco Distributors 79,847 shares unchanged at $1.45; Lasco Financial Services 20,149 units at $1 down a cent; Lasco Manufacturing traded 117,397 units at $1.40 up 2 cents.

IC bid-offer Indicator | At the end of trading, the bid-offer indicator showed that there were bids for 6 stocks higher and 2 stocks with offers lower than their last selling price.

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

TTSE: Republic puts on $2

November 12, 2013 by

Tuesday, 12th November 2013 |  IC Insider’s Buy Rated Republic Bank jumped $2.01 to end the day at $115.01 as 2,786 units traded on a day when trading levels were very low. The number of companies involved in trading increased to 14 from just 9 on Monday of which 5 advanced, 2 declined and 7 traded firm with a mere 97,729 shares traded, valued at $2,296,309. Scotia Bank and Unilever hit new 52 weeks high at the end of trading.

In trading, Trinidad Cement had a volume 16,000 shares changing hands for a value of $35,201 as the price remained unchanged at $2.20; First Citizens Bank volume was 9,295 shares valued at $334,596 as the price closed firm at $35.99; Jamaica Money Market Brokers added 5,815 shares valued at $3,499 as it closed firm at 60 cents; Neal & Massy had a volume of 3,956 units as the price gained 33 cents to land at $58; Sagicor Financial Corporation contributed 9,278 shares with a value of $67,266, while the price closed unchanged at $7.25. West Indian Tobacco traded unchanged at $120 with 2,471 units trading.

TTSENov12Clico Investment Fund posted a volume of 45,110 shares valued at $969,851 as the price closed 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 being higher and 4 stocks with offers lower, than their last selling price.

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