The junior market close slightly higher on Monday with an increase of 9.79 points to close at 1,824.16. Trading ended with 17 active securities, 4 of which advanced and 3 declined as 1,018,853 units valued at $4,061,844, changed hands.
There were 5 stocks closing with bids that were higher than their last selling prices and none ended with a lower offer.
At the end of trading, Access Financial had 6,220 shares trading to close at $16.60, Caribbean Cream lost 50 cents in trading 17,450 shares at $4, Caribbean Flavours rose 55 cents with 5,698 shares trading at $8, Caribbean Producers traded 57,130 units, to end at $4.05, C2W Music had 1,000 units changing hands at 33 cents. General Accident ended trading 59,420 units and closed at $2.59, Honey Bun had just 30,500 shares trading but ended unchanged at $11, ISP Finance rose 20 cents to close at a 52 weeks’ high of $2.55 after trading 6,031 units. Jetcon Corporation lost 24 cents to close at $2.60 after 8,680 shares changed hands, Key Insurance closed at $3 with 8,050 units changing hands. KLE Group traded just 1,485 shares to gain 3 cents to end at $1.69, Knutsford Express jumped $4.50 with just 100 units changing hands at $22, Lasco Distributors ended with 319,314 units trading at $5. Lasco Financial closed at $3 with 127,872 shares changing hands, Lasco Manufacturing ended with 160,969 shares changing hands to close at $3.65, Eppley 10% preference share traded 10,000 units at $6.10 and Derrimon Trading preference share fell 15 cents to end at $2.25 with 198,934 units changing hands.
More gains for juniors on Monday
6 TTSE stocks rose on Monday
The Composite Index gained 3.32 points to close at 1,133.54, the All T&T Index rose 6.54 points to close at 1,814.06 and the Cross Listed Index added 0.01 point to end at 60.17.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 4 stocks with the bid higher than the last selling price and 8 with offers that were lower.
Gains| Clico Investment Fund ended at $22.60 after rising by 9 cents with 118,717 shares valued at $2,682,938 changing hands, National Enterprises closed with 1,050 shares changing hands at $10.50 after rising 44 cents, National Flour gained 5 cents and closed with a mere 7 shares changing hands at $2.30. Prestige Holdings with 100 units changing hands ended at $11.30 to record a gain of 5 cents for a 52 weeks’ high, Sagicor Financial closed at $7.01 with 7,580 units changing hands after rising 1 cent while Trinidad and Tobago NGL gained 55 cents to close at $21.10 with 119,868 units worth $2,518,270 traded.
Losses| Massy Holdings ended with 7,124 shares changing hands to close with a loss of 5 cents to end at a 52 weeks’ low of $54.68 and Republic Financial Holdings closed at a new 52 weeks’ low of $110.98 with 337 shares changing hands with a loss of 2 cents.
Firm Trades| Angostura Holdings ended with 225 shares changing hands to close at $13.20, Firstcaribbean International Bank closed at $6.50 with 102,000 units valued at $663,000 changing hands, First Citizens closed at of $33.50 with 2,975 shares trading, Guardian Holdings had 10,000 shares changing hands to end at $13.25 and National Commercial Bank traded 8,195 shares at $2.40.
Juniors up majors down early Monday
Trading the Jamaican Stock Exchange is off to a slow start with the main market indices falling while the juniors was up slightly after 75 minutes of trading on Monday. An average of 27,944 per active stock traded, up from an average of 1.4 million units traded in the mid-morning session on Friday. The average on Friday was pushed up by a 43.6 million units of RJR.
A total of 24 securities, accounting for only 670,666 shares changed hands at 10.45 am as 7 stocks gained and 3 declined, reversing the negative trend in place for a few trading days. The only trade of note has been Scotia Group with 2,441 units trading at $32.99 compared with the last price on Friday, of $30 and Cable & Wireless trading 22,817 shares, with a 8 cents gain, taking the price to $1.09 but now has a bid at $1.12 to buy 150,000 units, a total of 964,692 units were offered for sale at $1.20.
Supreme Ventures has 10,053,513 units on offer at $5 but with the bid at $4.86 for 1,601 shares.
The market saw all Jamaica Composite Index fell 249.28 points to 169,681.55, the JSE Market Index dipped 222.90 points to 152,767.43 the JSE combined index ending with a fall of 148.98 points to 160,377.68 and the junior market index moved up by 5.63 points to 1,820.00.
Jamaican$ loses ground – Friday
Trading in the foreign exchange market resulted in the Jamaican dollar losing value against the three major currencies it normally trades. The market closed with dealers buying the equivalent of US$30,677,839 and selling US$37,524,758, in contrast to US$29,004,952 purchased and US$30,796,524 sold on Thursday.
In US dollars trading, dealers bought US$27,717,738 compared to US$26,385,923 on Thursday, as the buying rate for the US dollar lost 1 cent to end at $121.33. A total of US$35,846,874 was sold versus US$29,540,365 on Thursday, the selling rate rose by 4 cents to $122.08. The Canadian dollar buying rate declined 8 cents to end at $90.77 with dealers buying C$1,231,134 and selling C$738,178, at an average rate that rose by 21 cents to $92.88. The rate for buying the British Pound fell $1.12 to $167.81 for the purchase of £858,779, while £264,854 was sold, as the rate rose 31 cents to $169.68. At the end of trading, the selling rate for Euro, rose 12 cents to close at J$138.91, from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.03 for a rise of 10 cents on Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$851,288 being bought, while US$748,168 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Friday are, a jump of $23.40 in the lowest selling rate of the US dollar to $118, a rise of $1.05 in the highest buying rate of the Canadian dollar to $94. The highest buying rate for the British Pound rose $1.40 to $173.50, while the highest selling rate dipped $2.32 to end at $177.50.
TTSE closed down on Friday
The Composite Index lost 1.54 points to close at 1,130.22, the All T&T Index fell 2.31 points to close at 1,807.52 and the Cross Listed Index fell 0.10 point to end at 60.16.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with the bid higher than the last selling price and 7 with offers that were lower.
Gains| Angostura Holdings ended with 36,541 shares changing hands and gained 2 cents to close at $13.20, Scotia Investments contributed 21,683 shares and gained 2 cents to close at $1.62 while Trinidad and Tobago NGL gained 3 cents to close at $20.55 with only 200 units traded.
Losses| First Citizens fell 48 cents to close at a new 52 weeks’ low of $33.50 with 2,727 shares trading, Massy Holdings ended with 200 shares changing hands as the price dropped by 2 cents to end at a 52 weeks’ low of $54.73. Sagicor Financial closed at $7 with 123,260 units valued at 863,325 changing hands after losing 1 cent and Trinidad Cement lost 1 cent in trading 200,000 shares valued at $698,967 changing hands to close at $3.49.
Firm Trades| Clico Investment Fund ended at $22.51 with 45,536 shares valued at $1,025,015 changing hands, National Flour closed with 20,200 shares changing hands at $2.25 and Republic Financial Holdings closed at $111 with 36 shares changing hands.
Jamaican$ slips slightly – Thursday
Trading in the foreign exchange market resulted in the Jamaican dollar rising in value against the Pound sterling but slipping slightly versus the US and Canadian dollars on Thursday. The market closed with dealers buying the equivalent of US$29,004,952 and selling US$30,796,524, in contrast to US$37,301,205 purchased and US$38,602,992 sold on Wednesday.
In US dollars trading, dealers bought US$26,385,923 compared to US$32,987,100 on Wednesday, as the buying rate for the US dollar gained 2 cents to end at $121.34. A total of US$29,540,365 was sold versus US$35,699,871 on Wednesday, the selling rate rose by 2 cents to $122.04. The Canadian dollar buying rate declined 67 cents to end at $90.85 with dealers buying C$1,143,634 and selling C$1,049,062, at an average rate that rose by 18 cents to $92.67. The rate for buying the British Pound fell 84 cents to $168.93 for the purchase of £1,093,361, while £201,066 was sold, as the rate fell $2.15 to $169.37. At the end of trading, the selling rate for Euro, fell 3 cents to close at J$138.79, from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$135.97 for a decline of 5 cents on Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$240,533 being bought, while US$180,563 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Thursday are, a decline of $5.18 in the lowest selling rate of the US dollar to $94.60, a rise of $1.50 in the lowest selling rate of the Canadian dollar to $87. The highest buying rate for the British Pound fell by 90 cents to $172.10, while the highest selling rate dipped $1.40 to end at $179.82.
4 new lows on TTSE – Thursday
The Trinidad & Tobago Stock Exchange recorded another day of declines as new 52 weeks’ lows dominated the market on Thursday. Trading ended with 213,809 shares valued at $4,891,014 changing hands. The market closed with 11 securities traded, 2 gained, 4 declined, while 5 remained unchanged. Four stocks closed at 52 weeks’ low at the end of trading.
At the end of trading, the Composite Index lost 1.20 points to close at 1,131.76, the All T&T Index fell 2.45 points to close at 1,809.83 and the Cross Listed Index gained 0.01 point to end at 60.26.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with the bid higher than the last selling price and 7 with offers that were lower.
Gains| National Flour closed with 97,658 shares changing hands at $2.25 after rising 15 cents while Trinidad and Tobago NGL gained 2 cents to close at $20.52 as 3,050 units traded.
Losses| Angostura Holdings ended with 1,500 shares changing hands to decline by 7 cents to close at a 52 weeks’ low of $13.18, Massy Holdings ended with 70,000 shares valued at $3,832,500 changing hands as the price dropped by 12 cents to end at a 52 weeks’ low of $54.75. Readymix dived $2.65 with 100 shares changing hands to close at a 52 weeks’ low of $15.05 and Republic Financial Holdings declined by 48 cents to close at a 52 weeks’ low of $111 with 2,500 shares changing hands.
Firm Trades| Clico Investment Fund ended at $22.51 with 6,310 shares valued at $895,673 changing hands, Guardian Holdings had 12,669 shares changing hands for a value of $519,400, to close at $13.25, Grace Kennedy had 18,479 shares changing hands at $5.15. Sagicor Financial closed at $7.01 with 1,000 units changing hands and West Indian Tobacco traded 543 shares to close at $126.28.