Grace Kennedy jumped by $7 to close at a new 52 weeks high of $125 with 196,201 shares, on a day when 38 securities changed hands in the overall Jamaica Stock Exchange on Thursday. The market closed with prices of 18 stocks in the overall market rising, 13 declining, including 8 stocks rising and 6 declining, from the junior market.
Grace was the only stock that ended at a new 52 weeks’ high. The volume and value of stocks traded amounted to 2,514,634 units valued at $45,439,974, in all market segments with the junior market accounting for 755,695 shares, valued at $3,529,737 of all trades.
The JSE Market Index fell 79.11 points to end at 159,639.97. The all Jamaica Composite Index declined 88.48 points to close at 177,367.58 and the JSE combined index rose 86.04 points, to end at 171,119.66.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 13 stocks with bids higher than their last selling prices and 4 with lower offers.
At the end of market activities, Barita Investments fell by 8 cents to $3 with 53,051 shares changing hands, Berger Paints traded 5,000 shares to end at $4.50, Cable & Wireless lost 1 cent to close at $1.26 after trading 171,974units, Caribbean Cement climbed by $1 in trading 32,220 shares and closed at $22. Jamaica Broilers traded 27,829 units changing hands with a rise of 15 cents to close at $14.65. Jamaica Producers traded 5,805 shares and fell 50 cents to end at $47.50, JMMB Group gained 18 cents in trading 1,000,000 units to close at $10. Kingston Wharves traded just 3,800 shares at $13, National Commercial Bank traded 16,497 shares at $41.15 after adding 3 cents, Pan Jamaican Investment Trust traded 26,818 shares to end at $27. Radio Jamaica closed trading with 30,600 shares with the price rising 10 cents to end at $1.85, Sagicor Group ended with 22.80 shares changing hands after falling 20 cents to $22.80, Sagicor Real Estate Fund traded 34,388 shares but fell 57 cents to close at $9.55, Scotia Group rose 20 cents to close at $31.61 with 67,829 units changing hands. Scotia Investments traded 8,895 shares, added 5 cents to close at $26.15 and Seprod traded 5,454 shares unchanged at $17.
Juniors up volume down – Thursday
Trading in junior market, saw an increase in the number of active securities over that of Wednesday, but the volume of stocks traded fell well below the nearly 10 million units that were previously traded, as the market closed with 17 securities being active, leading to 8 advancing and 6 declining.
The junior index rose 15.46 points to 2,245.44 at the close as only 755,695 shares changed hands down from 9,846,087 units of Wednesday, valued at $3,529,737 changed hands, in contrast to $46,610,748, previously. At the end of trading the bids for 5 stocks closed higher than their last selling prices and 2 ended with lower offers.
At the end of trading, Access Financial traded 4,210 shares and rose 30 cents, to end at $17.30, CAC 2000 gained 15 cents in trading 270 shares, to end at $6.70. Caribbean Cream gained 20 cents, to trade 192,014 units at $4.80, after the company announced consideration of the payment of a dividend at a meet to be held later in June. Caribbean Flavours traded 8,000 units to end at $7, Caribbean Producers traded just 840 shares at $4.20, Consolidated Bakeries traded 223,538 shares to close with a fall of 4 cents at $1.85, Dolphin Cove ended at $11.50 with 38,500 shares changing hands, to gain 50 cents, General Accident traded 9,500 shares and lost 1 cent to end at $2.25. Honey Bun rose 65 cents, to close at $5.70 with 19,928 units changing hands, after it traded at $5, in the morning session. Iron Rock Insurance traded 23,955 shares but gained 7 cents to close at $3.30, IC Insider BUY RATED ISP Finance Services traded 6,000 units at $4.10 after falling by 5 cents. Jamaican Teas lost 10 cents in trading 4,540 shares at $3.70, Jetcon traded 42,398 shares but fell by 15 to $2.50, Lasco Distributors traded 130,530 units to end unchanged at $7.99. Lasco Financial gained 4 cents to close at $3.40 with 20,188 shares changing hands, while Lasco Manufacturing closed with a gain of 5 cents at $5.05 with 28,284 shares trading and tTech ended with 3,000 units changing hands but fell 14 cents to close at $4.06.
Honey Bun trades 5.5m shares – Wednesday
The junior index fell 8.91 points to 2,229.98 at the close as 9,846,087 shares, valued at $46,610,748 changed hands. At the end of trading the bids for 7 stocks closed higher than their last selling prices and 3 ended with lower offers.
At the end of trading, Blue Power traded 7,718 shares and declined by 10 cents to end at $13.55, Caribbean Cream rose 20 cents to trade 17,813 units at $4.60, the company announced that directors will be meeting later in June to consider the payment of a dividend. If approved, it will be the first dividend paid since listing. The company indicated in its prospectus to pay not less than 20 percent of annual after tax profits, Caribbean Flavours traded 50,000 units and lost 45 cents to end at $7, Consolidated Bakeries traded 121,000 shares to close with a rise of 14 cents at $1.89. Derrimon Trading ended at $3.30 with 5,250 shares changing hands, Honey Bun fell 41 cents, to close at $5.05 with 5,538,154 units changing hands after it traded at $6.40 in the morning session. Iron Rock Insurance traded 5,000 shares at $3.23, IC Insider BUY RATED ISP Finance Services traded at a new high of $4.15 with a rise of 5 cents while trading 3,379 units. At the close the stock had 4 bids to buy 131,000 units at $4 and 231,000 between $3.60 and $3.70, there is only one offer at $4.10 to sell 6,000 units. Lasco Distributors traded 291,702 units to end with the loss of 1 cent at $7.99, Lasco Financial lost 4 cents to close at $3.36 with 2,075,748 shares changing hands, while Lasco Manufacturing fell 5 cents and closed at $5 with 1,731,623 shares trading and Paramount Trading ended with 3,700 units changing hands and gained 9 cents to close at $10.99.
Lasco Manufacturing trades heavy – Tuesday
Demand increased for Lasco Manufacturing with 1.64 million units changing hands on Tuesday while ISP Finance is seeing increasing interest, helping the stock to close at a new high of $4.10. Trading in the junior market ended with 15 securities being active, including a bond issued by a junior market company, leading to 3 advancing and 5 declining.
The junior index inched by 3.96 points to 2,238.89 at the close as 2,328,831 shares, valued at $14,770,636 changed hands. At the end of trading the bids for 5 stocks closed higher than their last selling prices and 1 ended with lower offers.
At the end of trading, AMG Packaging traded just 1,024 shares at $12.40, Caribbean Cream lost 5 cents to trade 124,500 units at $4.40, Caribbean Flavours traded 10,000 units and lost 5 cents to end at $7.45, Caribbean Producers traded 15,625 shares to close with a rise of 10 cents at $4.20. General Accident traded 3,200 shares to end with a loss of 6 cents to close at $2.26, Honey Bun fell 41 cents, to close at $5.09 with 75,608 units changing hands after it traded at $6.40 in the morning session. Iron Rock Insurance traded 5,000 shares at $3.23, ISP Finance Services traded at a new high of $4.10 while trading 33,811 units starting at $3.90. Lasco Distributors traded 225,096 units to end at unchanged at $8, Lasco Financial closed at $3.40 with 30,212 shares changing hands, while Lasco Manufacturing, closed at $5.05 with 1,642,755 shares trading. Paramount Trading ended with 200 units changing hands and lost 9 cents to close at $10.90, tTech traded only 2,000 shares to end at $4.20, Derrimon Trading rose 1 cent in ending at $2.14 with 158,500 shares changing hand and Jamaican Teas floating note bond traded 30,000 units at $100 each.
It’s now J$126.05 for the US – Tuesday
The Jamaica dollar closed on Tuesday above 126 level for one US dollar for the first time as forex trading saw more selling by dealers than the amount bought by them.
The foreign exchange market closed on Tuesday with dealers buying the equivalent in all currencies of US$46,789,793 and selling US$53,956,348, in contrast to US$46,887,823 purchased and US$45,219,931 sold on Monday
In US dollar trading, dealers bought US$44,550,096 compared to US$43,963,642 on Monday as the buying rate for the US dollar rose 29 cents to $125.48. A total of US$50,575,123 was sold versus US$43,909,244 on Monday with the selling rate rising 6 cents to $126.05. The Canadian dollar buying rate climbed $1.19 to end at $95.31 with dealers buying C$863,203 and selling C$2,979,467, at an average rate that rose $2.49 to $99.24. The average rate for buying the British Pound dropped 71 cents to $175.40 for the purchase of £1,091,795, while £295,344 was sold, with the rate falling $1.74 to $177.85.
At the end of trading, the selling rate for Euro, rose 15 cents to close at J$142.38 from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.35, for a rise of 16 cents off Monday’s rate.
The US dollar equivalent of other currencies traded amounts to US$57,873 being bought, while US$618,927 was sold.Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar in the foreign exchange market on Tuesday, include, a rise in the lowest selling rate of the Canadian Dollar by $7.30 to $92, a fall in the highest buying rate British Pound of $2.55 to $179, a fall in the lowest buying rate by 66 cents to $142.93, a decline in the highest selling rate of 86 cents to $185.98 and a fall of 90 cents in the lowest selling rate to $170.50.
Grace drops $6.99 in early trades
Grace Kennedy headed back to $118, with a drop of $6.99 in early trading on the Jamaica Stock Exchange in the Tuesday morning session, while trading 7,052 shares changed hands. Cable & Wireless traded 103,278 shares at $1.29, Jamaica Money Market Brokers 7.50% preference traded 712,998 units at $2.15, Lasco Distributors trade 200,337 shares at $8 and Lasco Manufacturing traded 606,845 units at $5.
Trading resulted in activity in 24 securities, accounting for a volume of 1,820,517 units as 6 stocks gained and 8 declined. The average number of shares traded amounts to just 75,855 units compared to an average of 30,397 units on Monday. Trading in Honey Bun was halted after the stock traded at $6.40, exceeding the 15 percent permitted before the circuit chips in.
After 75 minutes of trading in the early morning session, on Tuesday, the all Jamaica Composite Index dropped 267.58 points to 177,017.03, the JSE Market Index slipped 239.26 points to 159,326.52, the JSE combined index declined 113.59 to close at 170,828.95 points andthe junior market index rose 10.49 points to 2,245.42.
Jamaican$ 1 cent from $126 to US – Monday
The Jamaica dollar closed on Monday just 1 cent below the 126 level for one US dollar as forex trading exceeded US45 million, with selling just lower than the amount bought by dealers.
The foreign exchange market started the week, with dealers buying the equivalent in all currencies of US$46,887,823 and selling US$45,219,931, in contrast to US$36,345,365 purchased and US$34,310,493 sold on Friday
In US dollar trading, dealers bought US$43,963,642 compared to US$30,620,827 on Friday as the buying rate for the US dollar rose 12 cents to $125.19. A total of US$43,909,244 was sold versus US$31,425,559 on Friday with the selling rate rising 10 cents to $125.99. The Canadian dollar buying rate dropped $3.23 to end at $94.12 with dealers buying C$998,707 and selling C$543,804, at an average rate that dipped $1.60 to $96.74. The average rate for buying the British Pound dropped $3.45 to $176.11 for the purchase of £1,471,425, while £577,920 was sold, with the rate falling $1.49 to $179.59.
At the end of trading, the selling rate for Euro, fell 20 cents to close at J$142.23 from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.18, for a rise of 21 cents off Friday’s rate. The US dollar equivalent of other currencies traded amounts to US$103,378 being bought, while US$69,345 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar in the foreign exchange market on Monday, include, a drop in the lowest selling rate of the Canadian Dollar by $8.80 to $84.70, a fall in the highest buying rate British Pound of $1.25 to $181.55, a fall in the lowest buying rate by $1.25 to $143.59, a decline in the highest selling rate of $1.62 to $186.84 and a fall of $1.60 in the lowest selling rate to $171.40.
TTSE stock indices rise – Monday
The Composite Index gained 1.09 points to close at 1,108.34, the All T&T Index rose 2.17 points to close at 1,754.62 and the Cross Listed Index remained unchanged to close at 61.46.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 6 stocks with bids higher than their last selling prices and 5 with offers that were lower.
Gains| Scotiabank climbed 2 cents in trading 37,056 shares with a value of $1,926,965, to end at $52.01 and Positive sentiment continues flowing from a pick-up in oil prices and helping to increase interest in Trinidad and Tobago NGL that is up 25 cents, to close at $22.25 with 1,094 units changing hands.
Losses| Republic Financial Holdings contributed 1,673 shares and lost 2 cents to end at a 52 weeks’ low of $107.48, L.J. Williams B share traded 300 units and lost 2 cents to end at a 52 weeks’ low of 94 cents and Trinidad Cement fell 8 cents with 500 units changing hands ended at $3.42.
Firm Trades| Clico Investments ended with 4,265 shares changing hands at $22.65, Sagicor Financial Corporation traded 2,780 shares to end at $7 and Scotia Investments traded 500 shares to close at $1.65.
National Commercial Bank price seems set to rise with the bid at $2.50 to buy 188,336 shares and the offer at $2.75 to sell 55,000 units.