JSE: Thursday, 16th May 2013

Bullish signs are present | The Jamaica stock market registered gains in the main market index as First Caribbean International Bank gained $1.50 to close at $103 while trading just 2,537 shares. The All Jamaica Composite index fell, however, in spite of a positive advance decline ratio. Trading in the market was characterised by heavy cross trading carried out primarily by MVL Stockbrokers. The cross trades helped the volume reach 10.7 million units with a value of $93.9 million.

Two stocks reached 52 weeks high in trading while there was demand for stocks with prices above the last selling price that went unfilled at the end of trading. Blue Power reached $6 up 15 cents with a volume of 913,000 units traded by Mayberry which they bought for their own account. At the end of trading, they had a bid for 200,000 at $6. Kingston Properties traded more than 2 million shares and gained 51 cents to close at $4.51, NCB gained 28 cents to close at $18.50 with 215,300 shares trading. Scotia Investments in its up- today-down-tomorrow shed $3 in trading 452,185 shares with most being a cross and closed at $23.50.

At the close, the junior market looked very bullish as there is a general standoff between buyers and sellers with bids and offers being very wide.


TTSE: Thursday, 16th May 2013

TTSE still no aggression | Buyers want stocks to buy in the Trinidad market and some sellers want to sell but there appears to be a standoff with sellers not wanting to part with some of the stocks that are not in great demand at much lower prices that they are offering to sell for. The same seems true for buyers, as there are clearly a shortage of some stocks on the market. The result of this standoff is limited trading and small price changes.

Trading on the main market | 13 securities trading with 5 advancing, none declined and 8 traded firm with a volume of 462,965 shares valued at $10,535,326.98. Conglomerate Ansa Mcal traded 125,000 shares for $8,402,500; Angostura Holdings traded 109,500 shares with a value of $985,479, while First Caribbean International Bank moved 50,000 shares valued at $400,000.

Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 7,447 shares valued at $156,827.


FX: Wednesday, 15th May 2013

Wednesday, 15th May 2013



JSE: Wednesday, 15th May 2013

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Bullish, will it last? | Corporates are coming to the market (meaning companies are buying) says our source when asked what was happening and why the significant move today. They want all the top company shares that everyone else wants.  He indicated that other brokers are doing the same thing but the supply is not coming out to meet demand at these prices. These sentiments were confirmed by another source. Whatever the true situation, what is known is that the advance/decline ratio has been strongly positive from at last week which is a bullish indicator.

Trading today on the Jamaican Stock Exchange was at its most bullish for the entire year with the All Jamaican Composite advanced by 1,132.95 points (1.35%) to close at 85,058.31. The JSE Market Index advanced by 643.54 points (0.76%) to close at 85,273.15 and the JSE Junior Market Index leaped by 34.36 points (5.47%) to close at 662.80, this as 15 advancing stocks overshadowed the 3 falling.

Bull150X150Market volume amounted to 2,350,794 units valued at over $16,641,657. Caribbean Producers traded 1,178,552 units with Jamaica Money Market Brokers with 333,000 units (31.28%) and Scotia Group Jamaica with 224,446 units (21.08%).

Big movers for the day are Access Financial Services up $1 to an all-time high of $8 while trading 17,861 shares, Desnoes & Geddes put on 50 cents to close at $5 but the stock closed with an offer of $4.85 with a small volume being offered for sale. The company traded 163,074 units between $4.60 and $5. Dolphin Cove traded to close at $8.40, up 48 cents on the day, Jamaica Producers fresh from reporting improved first quarter results, gained 41 to close at $16.50 as the stock saw trading taking place in 10,000 units. Lasco Manufacturing gained 30 cents to close at $11.30 off 101,178 units trading, Scotia Investments is up all of $3.40 for a $26.50 close as the stock traded 7,000 units. The losing stocks shed 49 cents in the case of Carreras as it traded 9.821 units, NCB lost 57 cents in closing at $18.22 while trading 26,685 units.

Technically the market is approaching its first resistance which is around 86,000-87,000 points. A break sharply over this level will expose the market to a potential big rally taking it to the 100,000 points level.


TTSE: Wednesday, 15th May, 2013

Slow day in T&T

Stocks were not actively traded today on the Trinidad & Tobago Stock Exchange. Only 13 securities traded with 1 advancing and 1 declining. The number of securities that traded speaks to the sluggishness of trading. The main market registered a volume of 551,546 shares valued at $6,304,909 while two mutual fund traded with 147,371 shares changing hands valued at $2,959,830.19.

Trinidad Cement traded 376,710 shares valued at $359,696, Guardian Media traded 116,100 shares for $2,292,969.00, ANSA Mcal saw 37,000 shares trading with a value of $2,487,140, while Republic Bank added 8,952 shares valued at $984,720.

Price changes were moderate resulting in virtual no movement in the indices.


FX: Tuesday, 14th May 2013

Tuesday, 14 May 2013



JSE: Tuesday, 14th May 2013

Indices rise but decliners outnumber advancers

In Tuesday’s trading on the Jamaica Stock Exchange 3 stocks advanced and 7 declined. It’s been some time since the advance/decline ratio was negative, nevertheless the main market indices actually registered advances. The level of trading was moderate with just over 2 million units trading for a value of $9.3 million.

At the end of trading there were 8 stocks with bids above the last selling price and only two with offers below the last sale price.


TTSE: Tuesday, 14th May 2013

Moderate Price movements

Trading volume in the main market was 1,231,545 shares valued at $7,881,995.28. Trinidad Cement traded 1,036,555 shares for a value of $984,727, followed by Scotiabank Trinidad & Tobago with a volume of 85,000 shares for $5,894,750. Angostura Holdings accounted for 55,125 shares with a value of $496,136.  14 securities of which 5 advanced, 4 declined and 5 traded firm.

Scotia Investments was the day’s largest gainer, increasing $0.15 to end the day at $1.70. Conversely, Clico Investment Fund suffered the day’s greatest loss, falling $0.05 to close at $21.04 while trading a volume of 66,564 shares valued at $1,400,198.

3 stocks traded at 52 weeks high on Tuesday while there were 5 stocks with bids above last selling price and 5 with offers below the last selling price.


FX: Monday, 13th May 2013

Robust FX trading

USD | The foreign exchange market enjoyed high levels of trade on Monday as the equivalent of US$47.29 million were bought while selling amounted to US$50.44 million. This is in contrast with last week’s Monday’s trade in which US$41.2 million were purchased and US$44.4 million sold.

However, the selling rate for the US dollar slipped from Friday’s close to end at J$99.018 (Friday J$99.058) as US$48.6 were sold and US$44.2 million were bought at J$98.52, slightly lower than Friday’s buying rate of J$98.58.

GBP | Sellers to authorized dealers sold £1.3 million at an average of J$149.30 while dealers sold £1.16 million at an average of J$152.72 compared to Friday, when it was sold at J$153.07.

CAD | CAD$1.63 million were bought at an average of J$95.77, a sharp decline from Friday’s rate of J$97.21 and the amount sold was CAD$897,257 at an average rate of J$97.86, slightly higher than Friday’s trades which took place at J$97.79.

Highs & Lows | The highest selling rate for the US dollar remains over J$104 while the lowest is at $81.16. The Pound was sold at a high of $158.68 and a low of $147.56 and the Canadian at a high of $102.45 and a low of $95.15.




TTSE: Monday, 13th May 2013

Moderate Monday

Trading on the Trinidad & Tobago stock exchange was moderate with a volume of 219,942 shares crossing the floor of the Exchange valued at $2,641,580.

Angostura Holdings was the volume leader with 104,400 shares changing hands for a value of $939,600.00, followed by Point Lisas Industrial Port Development Corporation with 74,000 shares being traded for $266,400. Investors bought 9,174 Republic Bank shares with a value of $1,009,135. National Flour Mills enjoyed the day’s largest gain, increasing $0.05 to end the day at $0.86 as 15 securities traded of which 5 advanced and 10 traded firm. There were no stocks recording price declines. While there are signs of further price gains for some stocks, there are some that indicate they are likely to suffer a price decline as there are sellers who have not been able to find buyers for some time with the price they are offered at either being at the last selling price or below.

Five stocks closed with bids over the last selling price.

Stocks to watch this week | Investors should keep a close eye on the following stocks as they have the potential to record price gains. These are Ansa MaCal, One Caribbean media, Republic Bank, Scotia Bank and West Indian Tobacco.