Trading in the foreign exchange market resulted in the Jamaican dollar rising in value on Wednesday against all the majors as inflows closely match outflows. The market closed with dealers buying the equivalent of US$37,301,205 and selling US$38,602,992, in contrast to US$34,059,616 purchased and US$47,980,165 sold on Tuesday.
In US dollars trading, dealers bought US$32,987,100 compared to US$31,025,556 on Tuesday, as the buying rate for the US dollar fell 4 cents to end at $121.32. A total of US$35,699,871 was sold versus US$46,508,983 on Tuesday, the selling rate slipped by 1 cent to $122.02.
The Canadian dollar buying rate climbed $1.98 to end at $91.52 with dealers buying C$2,603,431 and selling C$2,102,347, at an average rate that dipped 29 cents to $92.49. The rate for buying the British Pound fell 11 cents to $169.77 for the purchase of £1,557,525, while £679,910 was sold, as the rate fell 94 cents to $171.52. At the end of trading, the selling rate for Euro, rose 1 cent 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$135.98 for a decline of 6 cents on Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$170,675 being bought, while US$353,865 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Wednesday are, a decline of $4.19 in the lowest buying rate of the US dollar to $99.78, a rise of $1.19 in the highest selling rate to $129.06 and a plunge of $18.22 in the lowest selling rate to $99.78. The lowest buying rate of the Canadian dollar dived by $5.24 to $72.80 with the lowest selling rate falling $2.50 to $85.50. The highest buying rate for the British Pound dropped by $1.50 to $173, while the lowest buying rate dived $6.92 to $138.20 and the highest selling rate jumped $3.75 to end at $181.22.
Jamaican$ gains vs all – Wednesday
Big RJR trade on JSE – Wednesday
RJR traded 149M shares on Wednesday.
Stocks & Securities executed the bulk of the 148,818,235 Radio Jamaica shares that traded on the Jamaica Stock Exchange on Wednesday, with a value of $186 million. At the market continued to lose altitude, with the majority of stocks trading declining by more than a 2 to 1 ratio on Wednesday as 36 securities changed hands, in all market segments. The market ended with 9 stocks rising and 21 declining. One junior market stock traded at an intraday high.
The market closed with 153,740,039 units valued at $225,415,956 changing hands in all markets. The junior market accounted for 2,838,527 units, valued at $11,128,849 changing hands.
The JSE Market Index dropped 1,921.08 points to end at 150,282.68, the all Jamaica Composite Index dropped 2,148.48 points to 166,902.68 and the JSE combined index plunged 2,346.74 points, to close at 157,416.59.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 8 stocks with bids higher than their last selling prices and 6 with lower offers.
At the end of the market activities, Cable & Wireless sunk to $1 in trading 1,046,100 units, to close with a 7 cents loss, Caribbean Cement dropped $1 with just 250 shares changing hands to end at $24, Carreras added $1.12 in trading 6,526 shares to end at $66.14. The Gleaner Company, now renamed 1834 Investments and owns the non-media assets of the company, traded 15,000 units to close with a loss of 17 cents at a new low of $1.60. Grace Kennedy closed with 23,026 shares changing hands at $80.20 after losing $1.70 cents, Jamaica Broilers traded 71,240 units to close at $14.50, after falling 10 cents, Jamaica Producers traded 5,000 shares at $31. JMMB Group rose 30 cents as 24,730 shares changed hands at $10, Kingston Wharves traded 51,000 shares to close at $11.30, 
National Commercial Bank rose 49 cents with 108,051 shares changing hands to close at $41, Pan Jamaican Investments traded 15,826 shares to close at $93. Radio Jamaica with the largest trade of 149 million shares but lost 18 cents to close at $1.25, Sagicor Group fell 40 cents and ended with 333,131 shares changing hands at $23.60, Sagicor Real Estate Fund gained 2 cents in trading 45,610 shares to close at $10.02. Scotia Group traded 205,685 shares to close at $30, Scotia Investments fell $2.85 with only 916 shares changing hands to end at $25.10. Supreme Ventures rose 5 cents to close at $5 with 10,390 units changing hands, Proven Investments ordinary shares traded 112,700 units to end at 17.47 US cents down from 17.50 cents previously.
TTSE struggles along – Wednesday
The Trinidad & Tobago Stock Exchange recorded a mild gain on Wednesday as trading ended with 145,432 shares valued at $2,060,668 changing hands as 5 securities traded with large values. The market closed with 12 securities traded, 2 gained, 3 declined, while 7 remained unchanged. One stock closed at a 52 weeks’ high and two at 52 weeks’ lows.
At the end of trading, the Composite Index lost 0.94 points to close at 1,132.96, the All T&T Index fell 1.80 points to close at 1,812.28 and the Cross Listed Index eased by 0.01 at 60.25.
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 10 with offers that were lower the same as on Tuesday.
Gains| National Enterprises closed with just 900 shares changing hands at $10.06 after rising 6 cents and Prestige Holdings traded 82 units to close with a gain of 5 cents at close at a 52 weeks’ high of $11.26.
Losses| Guardian Holdings had 39,200 shares changing hands for a value of $519,400 but lost 55 cents, to close at $13.25. Republic Financial Holdings declined by 1 cent to close at a 52 weeks’ low of $111.48 with 35 shares changing hands and 
Scotiabank closed with 85 shares changing hands with a loss of 1 cent at a 52 weeks’ low of $57.40.
Firm Trades| Clico Investment Fund ended at $22.51 with 39,790 shares valued at $895,673 changing hands, FirstCaribbean International Bank traded 9,126 shares to close at $6.50, First Citizens had 5,900 shares changing hands with the price ending at $33.98. Grace Kennedy had 27,531 shares changing hands at $5.15. Sagicor Financial closed at $7.01 with 18,153 units changing hands while Trinidad and Tobago NGL closed at $20.50 as 4,600 units traded and West Indian Tobacco traded 30 shares to close at $126.28.
Major JSE tumble early Wednesday
Trading the Jamaican Stock Exchange is off to a rocky start with the all Jamaica Index slipping almost 2,000 points, after 75 minutes of trading on Wednesday. 
The junior market just inched up slightly. An average of 40,324 units of active stocks traded, up from an average of 27,804 units that traded in the prior mid-morning session.
A total of 25 securities, accounting for only 1,005,853 shares changed hands at 10.45 am as 7 stocks gained and 12 declined continuing the negative trend in place for some time. Jetcon accounted for 272,907 units and Sagicor Group accounted for 115,403 units, being the only companies to trade over 100,000 units. Of note is that Key Insurance traded at a new high of $3 but the stock was offered at $2.90 after wards.
The market saw all Jamaica Composite Index dropped 1,947.44 points to 167,103.72, the JSE Market Index fell 1,741.33 points to 150,462.43 the JSE combined index ending with a loss of 1,603.40 points to 158,159.93 and the junior market index rose 20.37 points to 1,812.24.
Jamaican$ loses value – Tuesday
Trading in the foreign exchange market resulted in the Jamaican dollar losing value on Tuesday as inflows were much lower than outflows by US$14 million, effectively wiping out the Monday’s surplus. The market closed with dealers buying the equivalent of US$34,059,616 and selling US$47,980,165, in contrast to US$59,647,969 purchased and US$44,608,557 sold on Monday.
In US dollars trading, dealers bought US$31,025,556 compared to US$55,109,704 on Monday, as the buying rate for the US dollar rose 1 cent to end at $121.36. A total of US$46,508,983 was sold versus US$42,655,499 on Monday, the selling rate rose 7 cents to $122.03. 
The Canadian dollar buying rate dipped 61 cents to end at $89.54 with dealers buying C$1,107,114 and selling C$770,035, at an average rate that rose 34 cents to $92.78. The rate for buying the British Pound fell 57 cents at $169.88 for the purchase of £1,204,645, while £445,155 was sold, as the rate rose 52 cents to $172.46. At the end of trading, the selling rate for Euro, rose 35 cents to close at J$138.81, from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.04 for a rise of 44 cents on Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$530,969 being bought, while US$256,601 was sold.
strong>Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Tuesday are, a rise of $4.19 in the lowest buying rate of the US dollar to $103.97, a fall of $1.19 in the highest selling rate to $127.87 and jump of $18.22 in the lowest selling rate of $118. The lowest buying rate of the Canadian dollar rose by $4 to $78.04. The lowest buying rate for the British Pound jumped by $6.68 to $145.12 and the highest selling rate falling $2.67 to end at $177.47.
More losses for JSE on Tuesday
The Jamaica Stock Exchange suffered more losses on Tuesday with declining stocks having the upper hand on advancing stocks as 42 securities changed hands, in all market segments. The market ended with 8 stocks rising and 20 declining. One of the stock rising closed at 52 week’s high.
The market closed with 4,118,840 units valued at $45,574,795 changing hands in all markets. The junior market accounted for 1,469,331 units, valued at $8,265,286 units changing hands.
The JSE Market Index fell 385.51 points to end at 152,203.76, the all Jamaica Composite Index dropped 431.14 points to end at 169,051.16 and the JSE combined index lost 1,317.86 points, to close at 159,763.33.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 7 stocks with bids higher than their last selling prices and 9 with lower offers.
At the end of the market activities, Cable & Wireless traded 426,546 units, to close with a 13 cents loss at $1.07, Caribbean Cement dropped $2 with 11,217 shares changing hands to end at $25, Carreras lost $1.08 in trading 10,055 shares to end at $65.02. Ciboney traded 312,673 shares but lost 2 cents to end at 16 cents, 1834 Investments, formerly Gleaner Company, traded 6,188 units to close with a loss of 23 cents at $1.77. Grace Kennedy closed with 18,330 shares changing hands at $81.90 after losing 10 cents, Jamaica Broilers traded 405,577 units to close at $14.60, after rising 10 cents, JMMB Group dropped $1.20 as 11,401 shares changed hands at $9.70, Kingston Wharves traded 50,500 shares to close at $11.30. Mayberry Investments ended trading 46,068 shares to end at $4. 
National Commercial Bank lost 74 cents with 21,967 shares changing hands to close at $40.50, Pan Jamaican Investments traded 34,232 shares to close at $93, Radio Jamaica traded 87,952 shares but lost 3 cents to close at $1.43. Sagicor Group gained 50 cents and ended with 668,797 shares changing hands at $24, Sagicor Real Estate Fund traded 6,093 shares to close at $10. Scotia Group traded 15,505 shares to close at $30, Scotia Investments fell $2.85 with only 916 shares changing hands to end at $25.10. Supreme Ventures closed at $4.95 with just 4,867 units changing hands, Proven Investments ordinary shares traded 295,325 units to end at 17.5 US cents up from 17 cents previously and JMMB Group 5.75% preference share traded 180,000 units but gained 14 cents to close at $1.20.
Junior market drops sharply – Tuesday
Eppley added $59 to reach a new high on Tuesday
There were 2 stocks closing with bids that were higher than their last selling prices and 4 ended with lower offers.
At the end of trading, Access Financial Services lost 40 cents with 1,500 shares traded to close at $16.60, Caribbean Producers traded 500 shares to end with a loss of 10 cents at $4, Consolidated Bakeries had 7,085 units trading, to end at $1.24, C2W Music 5,000 units changing hands to close at of 33 cents. Eppley gained 14.75 percent in ending at a 52 weeks’ high of $459 with 5,300 shares trading with an increase of $58.99, on the same day the company had an extraordinary meeting to vote on an increase in the share capital by 500,000 ordinary shares. General Accident fell by 8 cents in trading just 100 units at $2.90. Honey Bun had 1,889 units trading to end at $11.50, Iron Rock had 125,840 shares trading but eased 15 cents to end at $3.85, Jamaican Teas closed at $4 after trading 9,242 units.
Jetcon Corporation closed at $2.90 after 395,110 shares changed hands, Key Insurance lost 10 cents to close at $2.75 with 79,823 units changing hands. KLE Group closed at $1.70 after rising by 5 cents with 6,795 shares changing hands, Knutsford Express closed with 57,252 units changing hands at $17.50 with a loss of $4.50, Lasco Distributors lost 70 cents and ended with 362,475 units trading to close at $4.90. Lasco Financial ended at $2.75 with 16,900 shares changing hands, Lasco Manufacturing ended with 125,020 shares changing hands and loss of 59 cents to close at $3.06, tTech traded 2,500 shares to end at $4.30 and Derrimon Trading preference share ended with a gain of 1 cent as 267,000 un inits traded to close at $2.17.
Rise in TTSE index – Tuesday
Ansa Merchant Bank traded at a new high on TTSE
At the end of trading, the Composite Index gained 0.74 points to close at 1,133.90, the All T&T Index rose 1.55 points to close at 1,814.08 and the Cross Listed Index eased by 0.01 at 60.26.
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 10 with offers that were lower.
Gains| Ansa Merchant Bank traded 50,000 units valued at $1,975,000 to close with a gain of 55 cents at close at a 52 weeks’ high of $39.50, while Trinidad and Tobago NGL closed with a gain of 30 cents at $20.50 as 41,789 units traded valued at $855,405.
Losses| Clico Investment Fund fell 4 cents and ended at $22.51 with 40,238 shares valued at $906,445 changing hands, First Citizens had 81,751 shares carrying a value of $2,777,971
changing hands with the price declining by 1 cent to end at a 52 weeks’ low of $33.98.Firm Trades| ANSA McAL contributed 125,000 shares valued at $7,875,000 in closing at $63, FirstCaribbean International Bank traded 14,000 shares to close at $6.50, Grace Kennedy traded with 100 shares changing hands at $5.15, National Commercial Bank traded 96,268 shares at $2.40. Sagicor Financial closed at $7.01 with 29,817 units changing hands and Trinidad Cement traded 9,500 shares to close at $3.50.
JSE’s in modest trading early Tuesday
Trading the Jamaican Stock Exchange is off to another slow start in the 
Tuesday morning session with only moderate volumes being exchanged. An average of 27,804 units traded per active stock with Jamaica Broilers accounting for 236,339 units and Proven ordinary share accounting for 176,325 units.
A total of 30 securities, accounting for only 834,118 shares changed hands at 10.45 am as 9 stocks gained and 8 declined.
The main market indices and the juniors recorded losses as the markets continue to vacillate with no clear direction yet in sight. The market saw all Jamaica Composite Index falling 75.46 points to 169,406.84, the JSE Market Index fell 67.48 points to 152,521.79 the JSE combined index ending with a loss of 373.17 points to 160,809.64 and the junior market index 20.37 points to 1,884.34.
Big FX intake boost Jamaican$ – Monday
Trading in the foreign exchange market resulted in the Jamaican dollar gaining in value on Monday as inflows were much higher than outflows by US$15 million, more than making up for the short fall on Friday. The market closed with dealers buying the equivalent of US$59,647,969 and selling US$44,608,557, in contrast to US$34,669,827 purchased and US$46,733,831 sold on Friday.
In US dollars trading, dealers bought US$55,109,704 compared to US$31,347,006 on Friday, as the buying rate for the US dollar rose 1 cent to end at $121.35.
A total of US$42,655,499 was sold versus US$45,254,299 on Friday, the selling rate fell by 8 cents to $121.96. The Canadian dollar buying rate rose by 24 cents to end at $90.15 with dealers buying C$1,930,677 and selling C$980,684, at an average rate that dipped by 23 cents to $92.44. The rate for buying the British Pound remained unchanged at $170.45 for the purchase of £1,966,758, while £629,504 was sold, as the rate declined by 96 cents to $171.94. At the end of trading, the selling rate for Euro, dropped 61 cents to close at J$138.46, from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$135.60 for a decline of 62 cents from Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$341,484 being bought, while US$322,274 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Monday are, a big fall of $18.22 in the lowest selling rate of the US dollar to $99.78, the lowest buying rate of the Canadian dollar rose by $1.04 to $74.04. The highest buying rate for the British Pound dropped by $3 to $173.80, the lowest buying rate lost $1.83 to $138.44 and the highest selling rate climbed by $1.88 to end at $180.14.
