Trading in the foreign exchange market resulted in the Jamaican dollar mostly losing value on Wednesday. The market closed with dealers buying the equivalent of US$34,586,838 and selling US$34,218,881, in contrast to US$35,396,058 purchased and US$38,476,966 sold on Tuesday.
In US dollars trading, dealers bought US$31,495,963 compared to US$31,090,615 on Tuesday, as the buying rate for the US dollar added 20 cents to close at $121.54. A total of US$33,131,671 was sold versus US$35,644,274 on Tuesday, the selling rate gained 11 cents to $122.15. 
The Canadian dollar buying rate fell 81 cents to end at $91.74 with dealers buying C$899,468 and selling C$554,164, at an average rate that rose 11 cents to $94.50. The rate for buying the British Pound declined $1.55 to $169.94 for the purchase of £1,624,060, while £338,521 was sold, as the rate slipped 51 cents to $171.89. At the end of trading, the selling rate for Euro, fell 81 cents to close at J$138.82, from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$135.96 for a fall of 79 cents 
on Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$141,104 being bought, while US$182,081 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Wednesday are, a fall of $2.30 in the lowest selling rate of the Canadian dollar to $87 and a fall in the lowest selling rate for the British Pound of $1.20 to $165.
More Jamaican$ losses on Wednesday
Forward march for TTSE on Wednesday
Sagicor Financial traded at a 52 weeks’ high on Wednesday.
The Composite Index advanced by 9.36 points to close at 1,139.67, the All T&T Index jumped 17.10 points to close at 1,824.73 and the Cross Listed Indexgained 0.20 at 60.37.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 3 stocks with the bid higher than the last selling price and 6 with offers that were lower.
Gains| National Enterprises closed with 7,500 shares changing hands after jumping $1.42, to close at a $11.92, One Caribbean Media rose 60cents while trading 225,625 shares changing hands for a value of $4,849,407 to close at $21.50. Sagicor Financial Corporation closed with 33,152 shares changing hands, to end with a rise of 24 cents at a 52 weeks’ high of $7.25 and Trinidad and Tobago NGL rose 3 cents to close at $21.03 with 89,353 shares traded for $1,878,944.
Losses| Guardian Holdings lost 20 cents with 6,212 shares changing hands to end at $13,
Massy Holdings ended with 16,615 shares changing hands to close at a 52 weeks’ low of $53.99 after losing 1 cent and Point Lisas traded 2,340 shares but lost 5 cents to $4.Firm Trades| Clico Investment Fund ended at $22.60 with 22,256 shares valued at $502,986 changing hands, Grace Kennedy had 100 units changing hands at $5.15, JMMB Group closed at 59 cents with 2,477 shares trading and Trinidad Cement ended with only 50 shares changing hands to close at $3.49.
Results help junior activity Wednesday
AMG Packaging got a boost from the release of quarterly profits.
There were only 2 stocks closing with bids that were higher than their last selling prices and 3 ended with lower offers.
At the end of trading, Access Financial lost 10 cents in trading 30,500 shares to close at $16.60. AMG Packaging rose 62 cents in trading 108,100 units at $13.12, as investors welcomed the 65 percent increase in profits for the for the six months, to $52 million after charging out $16 million for the start-up cost of the new tissue operation. Caribbean Cream traded 123,630 shares and gained 10 cents, to end at $4.10, after the company released full year results on Tuesday, with 40 cents per share earnings, following writing off of assets amounting to $31.4 million or 8 cents per share. Caribbean Producers traded 40,500 units and lost 7 cents to end at $4.03, Derrimon Trading closed with a gain of $1 at $5 with 18751 units changing hands, Honey Bun jumped $1.50 on news the board will be considering a subdivision of its shares to close at $12.50 while 21,550 shares changed hands. ISP Finance slipped 2 cents to close at $2.50 after trading 25,500 units, Jamaican Teas rose 1 cent to close at $3.81 after 25,000 shares changed hands,
KLE Group traded 270,000 shares and fell 5 cents, to end at $1.65, Knutsford Express closed with 1,601 units changing hands at $19. Lasco Distributors gained 4 cents to end at $5.04 with 59,000 units trading, Lasco Financial lost 10 cents to close at $2.90, with 40,889 shares changing hands, Lasco Manufacturing lost 10 cents and ended with 126,350 shares changing hands to close at $3.50, Medical Disposables fell 5 cents in trading 1,000 shares to close at $3.15 and Paramount Trading ended with 3,460 shares trading to end at $11.
Volumes climb early Wednesday
Trading on Jamaica Stock Exchange saw some spirited activity in 
Cable & Wireless with 1,058,537 trading up to $1.20 but backing off to $1.16, National Commercial Bank with 1,803,981 units at $40.05 and JMMB Group 7.50% preference share with 1,541,085 units at $1.06 and KLE Group traded 270,000 at $1.65.
Trading saw all indices rising after 75 minutes of trading on Wednesday with an average of 251,635 per active stock traded, up from an average of 30,628 units traded in the mid-morning session on Tuesday.
A total of 20 securities, accounting for 5,032,702 shares that changed hands at 10.45 am as 8 stocks gained and 6 declined.
The market saw all Jamaica Composite Index rose 201.78 points to 166,718.58, the JSE Market Index rose 180.43 points to 150,118.06 the JSE combined index ending with a gain of 206.39 points to 157,949.73 and the junior market index gained 3.81 points to 1,822.90.
Jamaican$ loses ground on Tuesday
Trading in the foreign exchange market resulted in the Jamaican dollar losing value against the three major currencies it is normally exchanged with. The market closed with dealers buying the equivalent of US$35,396,058 and selling US$38,476,966, in contrast to US$43,966,113 purchased and US$40,723,813 sold on Monday.
In US dollars trading, dealers bought US$31,090,615 compared to US$41,142,103 on Monday, as the buying rate for the US dollar added 1 cent to close at $121.34. A total of US$35,644,274 was sold versus US$39,587,492 on 
Monday, the selling rate gained 2 cents to $122.04. The Canadian dollar buying rate climbed $2.73 to end at $92.55 with dealers buying C$1,726,695 and selling C$1,936,183, at an average rate that rose $2.57 to $94.39. The rate for buying the British Pound rose $3.01 to $171.49 for the purchase of £2,034,614, while £764,663 was sold, as the rate jumped $2.79 to $172.40. At the end of trading, the selling rate for Euro, rose 37 cents to close at J$139.63, from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.75 for a rise of 42 cents on Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$112,783 being bought, while US$254,920 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Tuesday are, a rise of $18.22 in the lowest selling rate of the US dollar to $118, a rise of $1.85 in the highest buying rate of the Canadian dollar to $96.15, a $1.08 rise in the lowest buying rate to $74.70 with highest selling rate gaining $1.04 to $97.20 and the lowest selling rate climbing by $1 to $89.30. The lowest selling rate for the British Pound rose $1.70 to $139.23, while the highest selling rate climbed $2.21 to end at $181.17 and the lowest selling rate gained $2.60 to end at $166.20.
5 new lows for TTSE on Tuesday
The Trinidad & Tobago Stock Exchange suffered another losing day with all price movements being negative on Tuesday. Trading ended with 302,331 shares valued at $2,916,112 changing hands. The market closed with 14 securities traded, none gained, 7 declined, while 7 remained unchanged. Five stocks closed at 52 weeks’ low at the end of trading.
The Composite Index fell 3.23 points to close at 1,130.31, the All T&T Index fell 6.43 points to close at 1,807.63 and the Cross Listed Indexremained unchanged at 60.17.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 6 stocks with the bid higher than the last selling price and 6 with offers that were lower.
Gains| No stock gained when trading closed on Tuesday.
Losses| Grace Kennedy had 60,000 units changing hands at $5.15, Guardian Holdings lost 5 cents with 28,630 shares with a value of $378,016 changing hands to end at $13.20, Massy Holdings ended with 100 shares changing hands to close with a loss of 68 cents to end at a 52 weeks’ low of $54. One Caribbean Media fell 80 cents while trading 10,000 shares to end at a 52 weeks’ low of $20.90, Republic Financial Holdings lost 98 cents to close at a 52 weeks’ low of $110 with 2,500 shares changing hands while Trinidad and Tobago NGL fell 10 cents to close at $21 with 2,800 units trading and 
Unilever Caribbean fell $1 with 5,300 shares trading to end at 52 weeks’ low of $65.
Firm Trades| Angostura Holdings ended with only 75 shares changing hands to close at $13.20, ANSA McAL contributed 1,000 shares in closing at $63, Clico Investment Fund ended at $22.60 with 11,104 shares changing hands, Firstcaribbean International Bank closed at $6.50 with 143,006 units valued at $929,539 changing hands. JMMB Group closed at of 59 cents with 2,477 shares trading, National Flour closed with 23,339 shares changing hands at $2.30 and Praetorian Property Mutual Fund contributed 10,000 shares to end at $3.
JSE majors dived sharply – Tuesday
Scotia Group fell $3.40 to help inflict much damage to the JSE on Tuesday.
Trading accounted for 8,660,890 units valued at $141,376,836 changing hands in all markets with the junior market accounting for 1,258,428 units valued at $7,440,298 changing hands.
The JSE Market Index suffered a sharp loss of 2,997.40 points to end at 149,937.63, the all Jamaica Composite Index nosedived 3,352.19 points to 166,516.80 and the JSE combined index fell sharply by 2,832.52 points, to close at 157,743.34.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 10 stocks with bids higher than their last selling prices and 4 with lower offers. At the end of the market activities, Berger Paints traded only 1,300 shares to gain 50 cents and closed at $4, Cable & Wireless rose 4 cents to $1.13 in trading 188,038 units, Carreras ended trading only 1,900 shares to end $1 higher at $66. Ciboney gained 1 cent to close at 17 cents with 300,000 shares changing hands, Grace Kennedy rose $1 and closed with 245,819 shares changing hands at $81, Jamaica Broilers traded 505,700 units to close at $14.50. Jamaica Stock Exchange traded 5,027,520 shares valued at $98.5 million but lost 5 cents to end at $19.50 as MVL Stock Brokers crossed 5 million units for their own account at $19.60. JMMB Group had 13,934 shares changing hands at $10, 
National Commercial Bank rose by 4 cents with 5,826 shares changing hands to close at $40.05. Pan Jamaican Investment traded only 265 shares but fell by $3 to $90, Pulse Investments gained 20 cents to close at $3.19 with 64,000 shares changing hands. Radio Jamaica traded just 251,538 shares to close at $1.15, Sagicor Group fell $1 and ended with 47,465 shares changing hands at $23. Scotia Group traded 73,300 shares to close at $29.50 after declining $3.40, Seprod jumped $1.25 to $17.25 with 32,500 shares trading, Supreme Ventures gained 5 cents to close at $5 with 31,275 units changing hands, Proven Investments ordinary shares traded 93,200 units to end at 16 US cents and the JMMB Group 7.50% preference share traded 487,151 units at $1.20.
Eppley up 26% in a week to Tuesday
Eppley added $46 to reach a new high on Tuesday
Eppley surged $46 to hit an all-time high of $505 in trading on the Jamaican Stock Exchange junior market on Tuesday while trading 8,337 shares. The stock is now up 26.25 percent since last week with latest price putting the PE at 7.2 times last year’s earnings of $70.43 per share and comes ahead of the company exploring the raising of added equity capital for expansion.
The junior market closed slightly lower on Tuesday with a fall of 5.07 points to 1,819.09. Trading ended with 15 active securities, 5 of which advanced and 4 declined as 1,258,428 units valued at $7,440,298, changed hands.
There were 5 stocks closing with bids that were higher than their last selling prices and one ended with a lower offer.
At the end of trading, Access Financial had 500 shares trading to close at $16.60, Caribbean Producers traded 27,210 units and rose 5 cents to end at $4.10, Consolidated Bakeries had 782,175 units changing hands but fell 15 cents to $1, 
Honey Bun had 80,402 shares trading and ended unchanged at $11. ISP Finance slipped 3 cents to close at $2.52 after trading 11,000 units, Jetcon Corporation rose 10 cents to close at $2.70 after 49,157 shares changed hands, Key Insurance closed at $3 with 1,000 units changing hands. KLE Group traded 4,231 shares and gained 1 cent to end at $1.70, Knutsford Express dropped $3 with 9,631 units changing hands at $19, Lasco Distributors ended with 30,890 units trading at $5. Lasco Financial closed at $3 with 17,962 shares changing hands, Lasco Manufacturing lost 5 cents and ended with 199,772 shares changing hands to close at $3.60 and tTech traded 2,000 shares and gained 22 cents to end at $4.22.
Eppley jumps $46 early Tuesday
Eppley stock price surged $46 to hit an all-time high of $505 in trading on the Jamaican Stock Exchange junior market, while trading 8,337 shares. The price is now up 26.25 percent since last week.
The new price puts the PE at 7.2 times last year’s earnings of $70.43 per share and comes ahead of the company exploring the raising of added equity capital.
Elsewhere, JMMB Group 7.50% preference share traded 487,151 units at $1.20 and Cable & Wireless is back at $1.20 after slipping as low as 94 cents last week Thursday.
Trading remains subdued with the main market indices rising while the juniors is down slightly after 75 minutes of trading on Tuesday. An average of 30,628 per active stock traded, up from an average of 27,944 units traded in the mid-morning session on Monday.
A total of 26 securities, accounting for only 796,330 shares changed hands at 10.45 am as 9 stocks gained and 4 declined.
The market saw all Jamaica Composite Index fell 470.96 points to 170,339.95, the JSE Market Index rose 421.11 points to 153,356.14 the JSE combined index ending with a gain of 349.40 points to 160,925.26 and the junior market index fell 4.02 points to 1,820.14.
More JSE stocks up than down – Monday
Prices on the Jamaica Stock Exchange were mixed on Monday but with more gains than losses. On Monday 37 securities changed hands, in all market segments and ended with 12 stocks rising and 6 declining.
The market closed with 4,039,547 units valued at $84,778,917 changing hands in all markets. The junior market accounted for 1,018,853 units valued at $4,061,844 changing hands.
The JSE Market Index suffered a mild loss of 55.30 points to end at 152,935.03, the all Jamaica Composite Index fell 61.84 points to end at 169,868.99 and the JSE combined index gained 49.20 points, to close at 160,575.86.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 12 stocks with bids higher than their last selling prices and only 2 with lower offers.
At the end of the market activities, Barita Investments surprisingly traded 62,383 shares to gain 25 cents and closed at $3.50, Cable & Wireless rose 8 cents to $1.09 in trading 22,817 units, Carreras ended trading 421,078 shares to end at $65. 1834 investments traded 43,000 shares with a loss of 10 cents at $1.50, Grace Kennedy closed with 231,970 shares changing hands at $80, Jamaica Broilers traded 55,156 units to close at $14.50. JMMB Group had 94,770 shares changing hands at $10, Kingston Wharves traded 2,965 shares to close at $11.50, 
Mayberry Investments added 30 cents to close at $4 with 32,500 shares changing hands, National Commercial Bank ended with 125,198 shares changing hands to close at $40.01. Radio Jamaica traded just 22,321 shares and recovered the 6 cents it lost of Friday, to close at $1.15, Sagicor Group rose 30 cents and ended with 917,593 shares changing hands at $24. Scotia Group traded 10,448 shares to close at $32.90 after rising $2.90, Supreme Ventures slipped 5 cents to close at $4.95 with 45,179 units changing hands, Proven Investments ordinary shares traded 179,009 units to end at 16 US cents. JMMB Group 7.50% preference share traded 293,449 units at $1.20 after recovering 3 cents and the Jamaica Money Market Brokers 7.50% preference share traded 452,187 units at $2.15.
