Daily Trading — Page 853

Flat trading for juniors – Monday

June 13, 2016 by IC Insider.com

ISP Finance at new high on Monday.

Trading in the junior market ended on Monday with reduced participation of securities compared to Fridays 16 to end with 12 stocks being active, leading to 5 advancing and 3 declining. The junior index inched by just 0.28 points to 2,234.93. At the close 1,041,531 shares, valued at $5,241,081 changed hands.
At the end of trading the bids for 5 stocks closed higher than their last selling prices and 4 ended with lower offers.

At the end of trading, Blue Power traded 560 units and lost 25 cents to end at $13.65, Consolidated Bakeries traded 69,018 shares to close with a loss of 25 cent to close at $1.75, C2W Music traded 30,000 shares to end with a loss of 2 cents to close at 41 cents. Honey Bun recovered 25 cents of the amount it fell by on Friday, to close at $5.50 on Monday with 191,355 units changing hands. At the close, Honey Bun offers were stronger than bids which are at $5.25 to buy 31,500 units, moderate offers are at $5.65 and $6, Iron Rock Insurance traded 16,000 shares at $3.23,

ISP Finance Services traded at a new high of $3.80 while trading 20,000 units starting at $3.50. Key Insurance ended with the price holding firm at $2.50 with 10,892 shares changing hands, Lasco Distributors gained 1 cent in trading 139,744 units to end at $8, Lasco Financial closed at $3.40 with 44,000 shares changing hands to gain 20 cents, while Lasco Manufacturing, closed at $5.05 with 515,762 shares trading. Paramount Trading ended with 4,000 units changing hands at $10.99 and tTech traded only 200 shares and gained 15 cents, to end at $4.20.

Filed Under: JSE Junior Market, Stock Market Tagged With: Blue Power, C2W Music, Consolidated Bakeries, Daily Trading, Honey Bun, Iron Rock Insurance, ISP Finance, Jamaican Stock, Key Insurance, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Paramount Trading, Trading Activity, tTech

Producers hit new high of $46 – Monday

June 13, 2016 by IC Insider.com

Trading in the early Monday morning session on the Jamaica Stock Exchange has been moderate, but with Lasco Manufacturing trading 158,997 units at $5.05 and Supreme Ventures trading 251,500 units at $4.75 to be the only two stocks trading over 100,000 units.
Lasco Distributors had 66,354 shares trading at $7.97 while Jamaica Producers traded 14,341 shares to hit a 52 weeks’ high of $46 as well as ISP Finance in trading at $3.50.
Trading resulted in activity in 26 securities, accounting for a volume of 790,330 units as 11 stocks gained and 8 declined. The average number of shares traded, amounts to just 30,397 units.
After 75 minutes of trading in the early morning session, on Monday, the all Jamaica Composite Index jumped 1,349.38 points to 178,863.59, the JSE Market Index jumped 1,206.55 points to 160,977.62, the JSE combined index climbed 1,119.15 to close at 172,249.14 points and the junior market index inched up 0.09 points to 2,234.74.

Filed Under: JSE Combined, Stock Market Tagged With: Daily Trading, ISP Finance, Jamaica Producers, Lasco Distributors, Lasco Manufacturing, Supreme Ventures, Trading Activity

Jamaican$ loses more ground – Friday

June 10, 2016 by IC Insider.com

The buying and selling in the forex market on Friday resulted in close to US$1 million more sold by dealers than the amount of the US currencies they bought, helping the selling rate of the US dollar to continue to gain on the Jamaican currency.
The foreign exchange market closed on the week, with dealers buying the equivalent in all currencies of US$36,345,365 and selling US$34,310,493, in contrast to US$27,777,238 purchased and US$29,407,363 sold on Thursday
In US dollar trading, dealers bought US$30,620,827 compared to US$23,605,085 on Thursday as the buying rate for the US dollar rose 12 cents to $125.07. A total of US$31,425,559 was sold versus US$27,506,903 on Thursday with the selling rate rising 13 cents to $125.89. The Canadian dollar buying rate rose $1.99 to end at $97.35 with dealers buying C$2,580,438 and selling C$1,910,591, at an average rate that rose 35 cents to $98.34. The average rate for buying the British Pound climbed 40 cents to $179.56 for the purchase of £2,462,776, while £859,944 was sold, with the rate falling 57 cents to $181.08.
At the end of trading, the selling rate for Euro, fell 81 cents to close at J$142.43 from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.39, for a rise of 81 cents off Thursday’s rate. The US dollar equivalent of other currencies traded amounts to US$180,535 being bought, while US$155,560 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar in the foreign exchange market on Friday, include, a drop in the lowest selling rate of US Dollar by $19.88 to $102.12, a fall of $1.75 in the highest buying rate of the Canadian Dollar to $98.75 and a rise of $3.50 in the lowest selling rate to $93.50. The highest selling rate British Pound dipped $1.19 to $189.46 and the lowest selling rate rose $1 to $173.

Filed Under: FX Market, Stock Market Tagged With: BOJ, British Pound, Canadian dollar, Daily Trading, euro, J$ vs euro, Jamaica dollar, Trading Activity, US Dollar

5 TTSE stocks rise 4 fell – Friday

June 10, 2016 by IC Insider.com

Add your HTML code here...

T&TNGL climbed 49 cents on TTSE on Friday to $22.

Trading on the Trinidad and Tobago Stock Exchange closed on Friday with 12 active securities changing hands, 5 of which gained, 4 declined while 3 remained unchanged, as 535,990 shares valued at $5,974,739 changed hands. At the close 1 stock ended at 52 weeks’ high and 1 at a 52 weeks’ low.
The Composite Index fell 2.71 points to close at 1,107.25, the All T&T Index fell 4.86 points to close at 1,752.45 and the Cross Listed Index slipped by 0.07 points to close at 61.46.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with bids higher than their last selling prices and 5 with offers that were lower.
Gains| ANSA McAL traded 600 units and gained 2 cents, to close at $6.47, First Citizens Bank closed with a rise of 1 cent, as 700 shares changed hands at $30.01, Grace Kennedy rose by 5 cents and closed at a 52 weeks’ high of $5.40 with 200 shares changing hands. National Flour Mills rose by 8 cents, trading 1,050 shares at $2.30 and Trinidad and Tobago NGL gained 49 cents, to close at $22 with 55,534 units valued at $1,219,368 changing hands.

Losses| Republic Financial Holdings lost 39 cents, with 100 units changing hands, to end at a 52 week’s Low of $107.50, Sagicor Financial Corporation traded 135,902 shares and fell 14 cents, to close at $7, Scotiabank dropped $1.37 in trading 60,610 shares with a value of $3,112,683, to end at a 52 week’s Low of $51.36 and West Indian Tobacco traded 3,544 units with a loss of 2 cents, to close at $126.28.
Firm Trades| Clico Investments ended with 175 shares changing hands at $22.65, JMMB Group traded 277,375 shares to end at 60 cents and Trinidad Cement traded 200 shares and closed at $3.50.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Mcal, Clico Investments Fund, Daily Trading, First Citizens, Grace Kennedy, JMMB Group, National Flour Mills, Republic Financial Holdings, Sagicor Financial Corporation, Scotiabank, Trading Activity, Trinidad and Tobago NGL, Trinidad Cement, TTSE$, West Indian Tobacco

Juniors moved higher – Friday

June 10, 2016 by IC Insider.com

Honey Bun dropped sharply by $1.62 on Friday to hit $.525 at the close.

Trading in the junior market ended on Friday with increased participation of securities, with 16 being active, leading to 8 advancing and 4 declining. In spite of the increased participation, the junior index climbed 19.61 points to 2,234.65. At the close 2,704,040 shares, valued at $10,558,176 changed hands.
The bids for 9 stocks closed higher than their last selling prices and 3 ended with lower offers.
At the end of trading, Access Financial Services traded 4,500 units at $17, AMG Packaging rose 40 cents in trading 1,823 shares at $12.40, Caribbean Cream gained 30 cents to end at $4.45, after trading 12,400 shares.

Caribbean Flavours gained 65 cents and ended with 33,853 shares changing hands at $7.50, Caribbean Producers traded 5,500 shares to close at $4.10, Consolidated Bakeries traded 10,000 shares to close at $2, C2W Music traded 20,000 shares to end at 43 cents. Derrimon Trading fell 55 cents to $3.30, with 3,000 shares changing hands, General Accident Insurance gained 2 cents while trading 2,000 shares at $2.32, Honey Bun dropped sharply from its recent all-time high of $7.50 by 14 percent, by slashing $1.62 in trading on Friday with 243,212 units changing hands, to end at $5.25.

A director sold 2 million units of Jamaican Teas shares with the price falling 10 cents as a total of 2,020,886 shares were traded to close at $3.10, Jetcon Corporation had 280,878 units changing hands at $2.65 after falling 5 cents. Lasco Distributors rose 34 cents in trading 2,800 units to end at $7.99, Lasco Financial closed at $3.20 with 38,500 shares changing hands to gain 4 cents, while Lasco Manufacturing closed at $5.05 with 20,688 shares trading with the price rising 5 cents and Medical Disposables traded 4,000 units at $3.53.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, C2W Music, CAC 2000, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, General Accident, Honey Bun, Jamaican Stock, Jamaican Teas, Jetcon Corporation, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Purity, Trading Activity

Jamaican$ continues to fall – Thursday

June 9, 2016 by IC Insider.com

The buying and selling in the forex market on Thursday resulted in US$4 million more sold by dealers than the amount of the US currencies they bought, helping the selling rate of the US dollar to continue to gain on the Jamaican currency.
The foreign exchange market closed on Thursday, with dealers buying the equivalent in all currencies of US$27,777,238 and selling US$29,407,363, in contrast to US$28,619,820 purchased and US$35,807,387 sold on Wednesday
In US dollar trading, dealers bought US$23,605,085 compared to US$26,030,466 on Wednesday as the buying rate for the US dollar rose 3 cents to $124.95. A total of US$27,506,903 was sold versus US$34,136,160 on Wednesday with the selling rate rising 4 cents to $125.76. The Canadian dollar buying rate fell 18 cents to end at $95.36 with dealers buying C$1,028,909 and selling C$565,413, at an average rate that fell 52 cents to $97.99. The average rate for buying the British Pound climbed 87 cents to $179.16 for the purchase of £1,422,254, while £760,559 was sold, with the rate falling 29 cents to $181.65.
At the end of trading, the selling rate for Euro, rose 60 cents to close at J$143.24 from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$140.20, for a rise of 83 cents on Wednesday’s rate. The US dollar equivalent of other currencies traded amounts to US$1,347,544 being bought, while US$361,373 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar in the foreign exchange market on Thursday, include, a rise of $1 in the highest buying rate of the Canadian Dollar to $100.50 and a rise of $2.80 in the lowest selling rate to $90, while the highest buying rate for the British Pound eased by $1.25 to $183, the highest selling rate rose $2.19 to $189.65 and the lowest selling rate dropped $3 to $172.

Filed Under: FX Market, Stock Market Tagged With: BOJ, British Pound, Canadian dollar, Daily Trading, FX Market

JSE loses ground on Thursday

June 9, 2016 by IC Insider.com

Charles Johnston – Chairman of JP Group that just hit a new high on Thursday.

The Jamaica Stock Exchange lost ground at the end of trading on Thursday, with the main market major indices declining and the junior market Index moving higher, while the volumes of stocks traded continue to be low. A total of 43 securities changed hands on Thursday, accounting for 3,459,909 units valued at $41,085,958, in all market segments. The junior market accounted for 2,086,923 shares, valued at $9,158,507 of the overall trades.
The price of 18 stocks in the overall market rose, 13 declined, including 6 stocks rising and 6 declining, from the junior market. One stock ended at a new 52 weeks’ high.
The JSE Market Index dropped 415.75 points to end at 159,341.57. The all Jamaica Composite Index lost 464.97 points to close at 177,033.85 and the JSE combined index fell 366.04 points, to close at 170,529.61.

IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 11 stocks with bids higher than their last selling prices and 5 with lower offers.
At the end of market activities, Berger Paints traded 16,450 shares with the price gaining 3 cents, to end at $4.50, Cable & Wireless declined by 15 cents, in closing at $1.27 after trading 61,465 units, Caribbean Cement traded 8,177 shares and closed 50 cents higher at $24.50. Carreras had 2,400 units trading, to close with a fall of 69 cents, at $64.31, the price of 1834 Investments ended at $1.23 with 455,602 units changing hands, Grace Kennedy ended trading 61,191 units, to close at $120.50 after hitting a new 52 weeks high of $121, Jamaica Broilers gained 66 cents with 13,092 units changing hands at $14.50. Jamaica Producers traded 438,100 shares to end at a 52 weeks’ high of $44.10,

JMMB Group traded 14,300 units as the price moved higher by 10 cents to $10. Kingston Wharves traded 29,512 shares and rose by 2 cents to $12.02, National Commercial Bank traded 26,223 shares, to close with a gain of 99 cents at $42.50, Pan Jamaican Investment Trust traded 47,394 shares and ended at $27. Radio Jamaica closed trading with 120,016 shares with the price rising 8 cents to end at $1.78, Sagicor Group ended with 12,500 shares changing hands after falling 24 cents at $22.65, Sagicor Real Estate Fund closed with 3,995 shares changing hands after rising 2 cents. Scotia Group fell $1 to close at $31 as 6,621 units changed hands, Seprod traded 5,000 units and gained 10 cents to end at $17 and Supreme Ventures traded 45,944 units to close at $4.50.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 1834 Investments, Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Grace Kennedy, Jamaica Broilers, Jamaica Stock Exchange, Jamaican Stock, JMMB Group, Kingston Wharves, National Commercial Bank, Pan Jamaican, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Supreme Ventures, Trading Activity

Juniors inch forward – Thursday

June 9, 2016 by IC Insider.com

Lasco Manufacturing headed back to $5 on Thursday, after gaining 25 cents..

Trading in the junior market ended on Thursday with increased participation of securities, with 20 being active, leading to 6 advancing and 6 declining. In spite of the increased participation, the junior index barely budged by 1.89 points to 2,215.04. At the close 2,086,923 shares, valued at $9,158,507 changed hands.
The bids for 7 stocks closed higher than their last selling prices and 3 ended with lower offers.
At the end of trading, Access Financial Services traded 3,200 units at $17, AMG Packaging fell by 40 cents in trading 24,867 shares at $12, CAC 2000 closed at $6.55 with 236 shares changing hands, Caribbean Cream dropped 40 cents to end at $4.15, after trading 343,700 shares. Caribbean Flavours lost $1.14 and ended with 30,000 shares changing hands at $6.85, Caribbean Producers traded 4,513 shares to close with a loss of 40 cents, at $4.10, Consolidated Bakeries traded 337,192 shares to close at $2, C2W Music traded 26,000 shares to end at 43 cents. Dolphin Cove traded 4,000 units and gained 10 cents to end at $11.10, General Accident Insurance had 7,500 shares trading at $2.30, Honey Bun fell by 8 cents in trading 207,765 units at $6.87, Iron Rock had 109,000 shares changing hands with a gain of 3 cents, to end at $3.23.

ISP Finance traded 20,705 shares at $3.45, Jamaican Teas traded 75,159 shares and closed at $3.90, Jetcon Corporation had 103,000 units changing hands at $2.65 after gaining 5 cents, KLE Group closed with 2,000 units changing hands at $1.03 with a fall of 17 cents. Lasco Distributors rose 15 cents in trading 10,847 units to end at $7.65, Lasco Financial closed unchanged at $3.16 with just 500 shares changing hands while Lasco Manufacturing closed at $5 with 724,739 shares trading with the price rising 25 cents and tTech traded 52,000 units at $4.05.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, C2W Music, CAC 2000, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Dolphin Cove, General Accident, Honey Bun, Iron Rock Insurance, ISP Finance, Jamaican Stock, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Trading Activity, tTech

Grace & JPG hit new highs – Thursday

June 9, 2016 by IC Insider.com

Trading in the early Thursday morning session on the Jamaica Stock Exchange continues the moderate trend of recent day with volumes remaining below the 100,000 unit level except for Lasco Manufacturing with 672,739 units as the price rose 25 cents to $5 and with the main market recording a decline overall and juniors having a minor loss.
Grace Kennedy traded 35,714 shares for a new high of $121 and Jamaica Producers traded 55,300 to hit a 52 weeks’ high of $44.10.
Trading resulted in activity in 31 securities, accounting for a volume of 1,075,717 units as 12 stocks gained and 9 declined. The average number of shares traded amounts to just 33,616 units compared to an average of 11,015 units on Tuesday
After 75 minutes of trading in the early morning session, on Thursday, the all Jamaica Composite Index dropped 259.92 points to 177,238.90, the JSE Market Index lost 232.41 points to 159,524.91, the JSE combined index dipped 39.32 to close at 170,733.18 points andthe junior market index inched up 5.15 points to 2,218.30.

Filed Under: JSE Combined, Stock Market Tagged With: Daily Trading, Grace Kennedy, Jamaica Producers, Jamaica Stock Exchange, Jamaican Stock, Lasco Manufacturing

New highs & lows for TTSE stocks – Wednesday

June 8, 2016 by IC Insider.com

NCB ended at a 52 weeks’ high on TTSE and is poised to move higher.

Trading on the Trinidad and Tobago Stock Exchange closed on Wednesday with 14 active securities changing hands, 4 of which gained, 7 declined while 3 remained unchanged, as 252,459 shares valued at $4,107,442 changed hands. At the close 1 stock ended at 52 weeks’ high and 2 at 52 weeks’ lows.
The Composite Index fell 0.04 points to close at 1,109.75, the All T&T Index fell 0.76 points to close at 1,758.64 and the Cross Listed Index rose 0.09 points to end at 61.20.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 4 stocks with bids higher than their last selling prices and 7 with offers that were lower.
Gains| Massy Holdings put on 1 cent and closed at $48.17 in trading 400 shares, National Commercial Bank (NCB) rose by 2 cents, in trading 1,200 shares at $2.47, for a 52 week’s closing high. NCB price seems set to rise further with bid at $2.48 to buy 165,344 shares and the offer at $2.75 to sell 55,000 units. National Flour ended with 5,760 shares changing with a gain of 1 cent at $2.22. Sentiment benefitted from the rise in the price of oil on the world market, resulting in investors pushed Trinidad and Tobago NGL up 44 cents, to close at $21.50 with 34,013 units valued at $725,503 changing hands.
Losses| Angostura Holdings fell by 14 cents and closed at $12.75, with 3,454 units changing hands, Guardian Holdings lost 1 cent to close at $12.84 with 275 shares changing hands, JMMB Group traded 68,179 shares and lost 1 cent to end at 60 cents.

Point Lisas traded 32,319 shares and closed with a loss of 10 cents at a 52 weeks’ low of $3.70, Prestige Holdings with 5,447 units changing hands ended at $11.11 to record a loss of 19 cents. Scotiabank lost 18 cents in trading 38,080 units for a value of $2,023,860 to end at 52 week’s Low of $53.10 and West Indian Tobacco traded 424 units with a loss of 2 cents to close at $126.28.
Firm Trades| Clico Investments ended with 3,901 shares changing hands at $22.65, First Citizens had 21,481 shares changing hands to close at $30 and Sagicor Financial Corporation with 37,526 shares changing hands for a value of $267,936, closed at $7.14.