J$ makes gains on Friday

50front Purchases by dealers of foreign currencies on Friday, resulted in the Jamaican currency gaining value against the British Pound, the Canadian and the US. The market closed with dealers buying the equivalent of US$34,870,069 in contrast to US$33,887,651 on Wednesday, while they sold the equivalent of US$29,135,013, previously US$$39,804,866. The market was closed on Thursday, the country’s independence day.
In US dollar trading , dealers bought US$31,870,265 compared to US$31,012,046 on Wednesday. The buying rate for the US dollar rose 11 cents to $116.64 and US$27,464,923 was sold versus US$38,461,884 on Wednesday, the selling rate fell 2 cents to $117.36. The Canadian dollar buying rate declined 70 FX sum 7-8-15cents to $86.73 with dealers buying C$1,062,270 and selling C$651,724, at an average rate that fell 44 cents to $88.90. The rate for buying the British Pound dropped $1.23 to $179.31 for the purchase of £1,246,745, while £641,270 was sold, at an average rate that fell 50 cents to $182.18. At the end of trading, it took J$127.56 to purchase the Euro, with a fall of $1.11 from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$124.73 for a fall of $1.42 from Wednesday’s rate. Other currencies bought, amounted to the equivalent of US$293,253, while the equivalent of US$180,980 was sold.
Highs & Lows| The highest buying rate for the US dollar, gained 5 cents to $117.60, the lowest buying, the highest and the lowest selling rates FX H&L 7-8-15rremained at $96.15, $123.21, and $96.15 respectively. The highest buying rate for the Canadian dollar dropped $7.65 to $89.45. The lowest buying rate eased 34 cents to $70.63, the highest selling rate fell $2.30 to $93.50 and the lowest selling rate declined 50 cents to $86. The highest buying rate for the British Pound, rose 70 cents to $184.10, the lowest buying rate inched up 16 cents to $147.49, the highest selling rate rose 22 cents to $190.14 and the lowest selling rate dropped $1.55 cents to $177.45.

Bearish tone continues on TTSE

Witco was the sole stock rising on TTSE on Friday

Witco was the sole stock rising on TTSE on Friday

Trading in the overall market ended with 17 securities changing hands on Friday with 1 stock gaining, 4 declining and 12 traded with the price unchanged. A total of only 321,993 shares traded, valued at $4,105,917.
At the close of the market, the Composite Index fell 1.03 points to close at 1,151.31, the All T&T Index lost 1.70 points to 1,958.27 and the Cross Listed Index dipped 0.05 at 45.17.
Gains| In trading, West Indian Tobacco gained 1 cent, in trading 4,921 units valued at $430,486 to end at $125.37.
Declines| Grace Kennedy closed with 16,318 shares changing hands at $3.60 for a 5 cents decline, Guardian Holdings had 6,000 shares trading at the close at $13.09 down I cent, Massy Holdings closed with 33,938 shares changing hands, 1 cent lower at $63.09 carrying a value of $2,141,487 and National Enterprises ended with 6,600 shares changing hands with a fall of 13 cents to $17.05 for a new 52 weeks low.
Firm Trades| Angostura Holdings closed with 8,173 shares changing hands to end at $14, ANSA McAL with 2,838 shares ended at $67.25, Clico Investment Fund traded TTSE sum 7-8-15.xlsxjust 760 units at $22.51. Firstcaribbean International Bank traded 4,008 units and closed at $5, First Citizens Bank closed at $35 with 5,753 shares changing hands valued at $201,355. National Flour trade 200,000 units at $2.10 for a value of $420,000. Praetorian Property Mutual Fund contributed 10,000 shares at $3.05, Point Lisas traded 10,000 shares at $4.06, Sagicor Financial with 200 units trading, closed at $6, Scotiabank traded unchanged to end at $62.31 with 734 shares, Scotia Investments traded 17,000 units and closed at $1.50 and Unilever Caribbean with 100 units changing hands, ended at $67.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.

TCL trades TT$3m on TTSE

Carib Cement - subsidiary of TCL that traded $3m

Carib Cement – subsidiary of TCL that traded $3m

Trading in the overall market ended with 13 securities changing hands on Thursday with 1 stock gaining, 4 declining and 8 traded with the price unchanged. A total of only 1,231,487 shares traded, valued at $6,134,893.
At the close of the market, the Composite Index fell 0.64 points to close at 1,152.34, the All T&T Index gained 0.08 points to 1,959.97 and the Cross Listed Index dipped 0.18 at 45.22.
Gains| In trading, Trinidad Cement ended with 1,051,656 shares changing hands for a value of $3,069,907 as the stock gained 2 cents in closing at $2.92.
Declines| Firstcaribbean International Bank traded 1 cent lower, with 2,058 units and closed at $5. National Commercial Bank traded 8,000 shares at $1.63 with a loss of 2 cents, Unilever Caribbean with 20 units changing hands, ended at $67 after losing 1 cent and West Indian Tobacco lost 4 cents, in trading 3,434 units valued at $430,486 to end at $125.36.
Firm Trades| ANSA McAL with 800 shares ended at $67.25, First Citizens Bank closed at $35 with 23,418 shares changing hands valued at $819,630. TTSE sum 6-8-15.xlsxtt-companies/”>Massy Holdings closed with 2,608 shares changing hands at $63.10, National Flour Mills contributed 6,653 shares at $2.10, Sagicor Financial with 93,526 units trading, closed at $6 for a value of $561,156. Republic Bank ended with 5,896 shares changing hands at $114.98 valued at $677,922, Scotiabank traded unchanged to end at $62.31 with 4,418 shares valued at $275,285 and Scotia Investments traded 29,000 units and closed at $1.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than their last selling prices and 6 stocks with offers that were lower.

J$ loses vs Canadian & Pound

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100bill Purchases by dealers of foreign currencies on Wednesday, resulted in the Jamaican currency gaining value against the British Pound and the Canadian but gaining just a bit versus the US. The market closed with dealers buying the equivalent of US$33,887,651 in contrast to US$$45,577,861 on Tuesday, while they sold the equivalent of US$39,804,866, previously US$$43,494,861.
In US dollar trading , dealers bought US$31,012,046 compared to US$42,683,998 on Tuesday. The buying rate for the US dollar fell 32 cents to $116.53 and US$38,461,884 was sold versus US$41,973,163 on Tuesday, the selling rate fell 1 cent to $117.38. The Canadian dollar buying rate rose 43 FX sum 5-8-15cents to $87.43 with dealers buying C$1,097,359 and selling C$691,037, at an average rate that rose 21 cents to $89.34. The rate for buying the British Pound climbed 30 cents to $180.54 for the purchase of £1,256,958, while £433,080 was sold, at an average rate that climbed 34 cents to $182.69. At the end of trading, it took J$128.66 to purchase the Euro, with a fall of 11 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.15 for an increase of 19 cents on Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$104,933, while the equivalent of US$143,047 was sold.
Highs & Lows| The highest buying rate for the US FX H&L 5-8-15dollar, gained 5 cents to $117.55, the lowest buying and the highest rates remained at $96.15 and $123.21, respectively and the lowest selling rate fell $2.28 to $96.15. The highest buying rate for the Canadian dollar jumped $7.80 to $97.10. The lowest buying rate rose 5 cents to $70.97, the highest selling rate rose $2.60 to $95.80 and the lowest selling rate climbed $1.05 to $86.50. The highest buying rate for the British Pound, rose 20 cents to $183.40, the lowest buying rate remained at $147.33 the highest selling rate fell 54 to $189.92 and the lowest selling rate rose $1.50 cents to $179.

TTSE ends with weak bias Wednesday

TTSEDailyTRading280x150 Trading in the overall market ended with only 7 securities changing hands on Wednesday and reflected weakness based on closes prices and with not stock gaining. At the close no stock gained, 2 declining and 5 traded with the price unchanged. A total of only 181,916 shares traded, valued at $2,978,693.
At the close of the market, the Composite Index fell 1.07 points to close at 1,152.98, the All T&T Index declined by 1.62 points to 1,959.89 and the Cross Listed Index dipped 0.07 at 45.40.
Declines| In trading, Angostura Holdings ended with a gain of 1 cent while 19,156 shares changed hands at $14, down 2 cents and First Citizens Bank lost 25 cents in closing at a new 52 weeks’ low of $35 with 6,367 shares changing hands.
Firm Trades| Clico Investment Fund ended at $22.51 with 106,276 shares trading at a value of $2,393,329, Firstcaribbean International Bank traded 428 units at $5, National Commercial Bank traded 30,303 shares at $1.65, National Flour Mills contributed 19,021 shares at $2.10 and Trinidad Cement closed with 335 shares changing hands at $2.90.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than their last selling prices and 5 stocks with offers that were lower.

First time above 1,000 for juniors.

theGoodNews The JSE junior market gained 25.57 points on Tuesday to close at over 1,000 points for the first time ever in another record breaker move. The index closed at 1002.75 points as profits and shortage of stocks being sold continue the impact price movements. Today’s gains bring the increase in index over 46 percent since the start of this year. Technical indicator shows resistance around the present level, if that is cleared decisively, which seems likely, then the junior market should be heading to 1,200 points before a major resistance develops.
In actual trading on Tuesday, 10 securities changed hands with 6 rising and 2 declining

Access_Financial_Services

Access Financial Q2 profit up 71%

resulting in 1,410,115 units valued at $4,781,231. At the close, the junior market had 5 stocks having bids higher than their last selling prices, 2 with lower offers. 6 securities closed with no bids to buy, while 8 had no stocks being offered for sale.
Stocks trading are, Access Financial gained 50 cents to close at a new all-time high of $19 but with just 100 units, the company released results for the six months to June, with a 71 percent gain in the quarter, resulting in profit of $112.5 million versus $65.6 million and for the six months $252 million compared with $145 million. Today’s price, places the valuation of the stock around 10 times earnings. AMG Packaging with 16,596 units changing hands, ended unchanged at $3.60, Blue Power traded 164,139 units with the JM - Trade 4-08-15price rising 75 cents to $13, Caribbean Cream traded 48,500 shares at $2.10, after gaining 5 cents. Caribbean Producers dropped 46 cents, with 201,480 shares and closed at $2.59, Derrimon Trading had 10,000 shares changing hands, for a gain of 19 cents, to end at $2.25, Dolphin Cove jumped $3.35 to $12 while only 2,000 units traded. Honey Bun with 12,900 shares changing hands, closed 10 cents lower at $3, Lasco Distributors traded 14,500 shares to close at $1.80, Lasco Financial Services traded 935,900 units and gained 25 cents to close at $2.

Juniors market at all-time high

Access_Financial_Services

Access Financial gained big on Friday

The JSE junior market racked up 46.56 points to 942.39 points for a new record high beating the previous high reached of 934.69 on June 10th, this year. The index gained 95.83 point during the week or 11 percent. A total of 10 securities traded with 9 rising and no declining resulting in 891,710 units valued at $2,263,064. The strong movement was aided by Access Financial that jumped to $15.50 from $12.76, Caribbean Producers gaining 50 cents, General Accident and gains in the three Lasco Companies along with a few others.
The market ended with 7 securities trading with 741,698 units changing hands, valued at $2,204,755 and the prices of 4 stocks rising and 2 declining.
At the close, the junior market had 6 stocks having bids higher than their last selling prices, 2 with lower offers. 6 securities closed with no bids to buy, while 8 had no stocks being offered for sale.
Stocks trading are, Access Financial gained $2.74 to close at $15.50 but with a small volume of 360 units, AMG Packaging traded 1,191 units with the price rising 10 cents to JM 31-7-15
$3.60, Caribbean Cream had 3,000 shares trading, firm at $2.05, Caribbean Producers gaining 50 cents, with 1,000 shares. Derrimon Trading ended with 10,000 units gaining 7 cents to close at $2.15, General Accident had 380,372 shares changing hands for a gain of 3 cents to end at $1.79, Lasco Distributors traded 28,397 shares to close at $1.71, up 6 cents, the stock closed with low supply to sell at $1.74 and $2.13. There are only 4 offers in the market amounting 70,000 units. Lasco Financial Services traded 1,400 units and gained 3 cents to end at $1.55, Lasco Manufacturing with 29,390 shares trading, closed 4 cents higher at $1.64, for anew 52 weeks high and Epply 9.5 percent preference share traded 166,600 units at $6.02, for a 1 cents gain.

Trading volume low on TTSE

TTSEDailyTRading280x150 Trading in the overall market ended with 13 securities changing hands on Thursday with 2 stocks gaining, 3 declining and 8 traded with the price unchanged. A total of only 110,408 shares traded, valued at $1,254,117.
At the close of the market, the Composite Index fell 0.10 points to close at 1,155.60, the All T&T Index advanced by 0.30 points to 1,965.11 and the Cross Listed Index loss 0.07 to 45.41.
Gains| In trading, One Caribbean Media ending with a gain of 39 cents while trading 3,645 shares changing hands at $22.40 and Unilever Caribbean with 353 units changing hands at a new 52 weeks high of $66.76 and gained 8 cents.
Declines| Clico Investment Fund stock price lost 5 cents to $22.50 with 9,540 shares trading at a value of $2,758,458, National Commercial Bank traded a mere 500 shares 1 cent at $1.66 and Trinidad Cement lost 2 cents while trading 45,974 shares.
TTSE 30-7-15 Firm Trades| First Citizens Bank with 20,179 shares traded valued at $506,226 to close at $35.70, Flavorite Foods traded 606 units at $4.80, Guardian Media had 1,872 units changing hands at $19.76, National Enterprises closed with 1,361 shares trading at $17.20. Republic Bank ended with just 4 units trading at $114.99, Sagicor Financial with 4,125 units trading closed at $6, Scotiabank traded 2,005 units and closed at $62.31 and West Indian Tobacco closed with 300 shares changing hands at $125.40.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.

J$ stable vs. US on Thursday

currency_graph Purchases by dealers of foreign currencies on Thursday, resulted in the local currency making gains against the Pound and Canadian dollar but slipping slightly versus the US dollar. The market closed with dealers buying the equivalent of US$31,985,057 in contrast to US$45,948,406 on Wednesday, while they sold the equivalent of US$33,915,183, previously US$41,243,978.
In US dollar trading , dealers bought US$29,087,315 compared to US$39,742,034 on Wednesday. The buying rate for the US dollar rose 4 cents to $116.84 and US$31,986,716 was sold versus US$40,033,973 on Wednesday, the selling rate rose 1 cent to $117.38. The Canadian dollar buying rate dropped 46 cents to $88.25 with dealers buying C$1,151,016 and selling C$612,528, at an average rate FX Sum 30-7-15that fell 21 cents to $90.08. The rate for buying the British Pound rose 2 cents to $180.70 for the purchase of £1,211,722, while £683,434 was sold, at an average rate that fell 7 cents to $182.50. At the end of trading, it took J$129.48 to purchase the Euro, with a loss of 7 cents from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.92 for a rise of 3 cents from Wednesday. Other currencies bought, amounted to the equivalent of US$154,239, while the equivalent of US$395,748 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents to $117.55, the lowest buying and the highest selling rates FX HL 30-7-15remained at $96.15 and $123.21 respectively, the lowest selling rate dropped $18.80 to $96.15. The highest buying rate for the Canadian dollar fell 40 cents to $90.60. The lowest buying rate rose 62 cents to $72.42, the highest selling rate dropped $1.64 to $93.36 and the lowest selling rate declined 50 cents to $86.70. The highest buying rate for the British Pound, eased 90 cents to $183.60, the lowest buying rate climbed 79 cents to $147.95, with the highest selling rate falling $2.55 to $187.16 and the lowest selling rate slipped 25 cents to $178.25.

J$ losses mounts at 117.07 to US$1

USdollarStacks600x250 Friday’s trading in foreign currencies in Jamaican closed with dealers buying the equivalent of only US$25,196,045 in contrast to US$32,635,866 on Thursday, while they sold the equivalent of US$23,105,190 versus US$34,836,179 previously as trading activity was low, ahead of the week end.
In US dollar trading, dealers bought US$20,644,351 compared to US$30,637,319 on Thursday. The buying rate for the US dollar fell 20 cents to $116.29 and US$20,389,352 was sold versus US$32,858,411 on Thursday, the selling rate rose 4 cents to $117.07. The Canadian dollar buying rate jumped $1.86 to $92.26 with dealers buying C$3,982,260 and selling C$2,624,801, at an average rate that rose 7 cents to $92.94. FX Sum 3-7-15.docxThe rate for buying the British Pound gained 31 cents to $179.89 for the purchase of £848,685, while £359,179 was sold, at an average rate that declined $1.04 to $182.60. At the end of trading, it took J$129.96 to purchase the Euro, 6 cents more than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.42 for 12 cents greater than Thursday’s rate. Other currencies bought, amounted to the equivalent of US$79,557, while the equivalent of US$71,867 was sold.
Highs & Lows| The price changes for the highs and lows that the Jamaican dollar traded at, were mixed on Friday, with 5 increases and 5 declines. The highest buying rate for the US dollar fell 5 cents to $117.30. The lowest buying and the highest selling rates were unchanged at $95.82 and $122.78 respectively, while the lowest selling rate dropped $24.80 to $89.90.FX HL 3-7-15 The highest buying rate for the Canadian dollar rose 10 cents to $93.10, the lowest buying rate lost 37 cents at $73.62. The highest selling rate moved up 60 cents to $97 and the lowest selling rate climbed 95 cents to $90.10. The highest buying rate for the British Pound, rose $1 to $185 and the lowest buying rate declined 79 cents to $146.33, with the highest selling rate falling 74 cents to $186.64 and the lowest selling rate rising 55 cents to $177.80.