Decliners beat up advancers – Friday

February 12, 2016 by

Honey Bun closed at a 52 weeks' high on Friday.

Honey Bun closed at a 52 weeks’ high on Friday.

The junior market encountered a moderate fall at the closed on Friday with 15 securities trading, 4 of which advanced, 7 declined. The market ended with index having slipped 18.19 points to end at 2,267.86 as 2 stocks closed at a new 52 weeks’ as 2,619,072 units changed hands, valued at $10,651,233.
At the close, 2 securities ended with no bid to buy and 7 securities had no stocks being offered for sale but there are strong signs of the possibility of a big move forward, as 9 stocks closed with bids that were higher than their last selling prices and none ended with a lower offer. Including in the list of stocks with higher bids are Access with a bid at $18.05 to buy just 140 units, a bid for 2,650 units at $18, at $17.60 buying interest for 16,500 units, a bid at $17.55 to buy 5,800 units and 33,700 units with a bid of $17.50, all above the last trade at $16.80. There are two offers with one at $24 to sell 15,150 units and one at $27 for 5,000 units. Cargo Handlers has six bids between $40 and $40.21 to buy just under 10,000 units, the last sale was at $39 and there are no stocks offered for sale.
In trading, AMG Packaging lost 50 cents while 4,186 units changed hands, to end at $20, CAC 2000 had 2,290 shares changing hands to close at $7 with, C2W traded 116,777 shares but lost 2 cents to end at 47 cents. Caribbean Cream lost 50 cents in trading 532,315 shares to close at $4.15 but traded as high as $.70, Caribbean Flavours ended with 5,980 units changing hands at $8.50, Caribbean Producers traded 99,351 units to close at $5.50, after declining by 45 cents. Consolidated Bakeries traded 55,000 units to close with a rise of 12 cents at $1.75, Dolphin Cove ended with 400 shares trading at $15.72, JM sum 12-2-16Honey Bun rose 28 cents as 20,000 units changed hands to end at a 52 weeks’ high of $12.08. Jamaican Teas rose 30 cents while trading 34,808 shares, to close at a 52 weeks’ high of $7.80, KLE Group ended at $2.75 with 23,471 units trading, Lasco Distributors closed with 92,821 units trading, but fell 34 cents to end at $7.50, Lasco Financial dropped 5 cents to $3 with 1,198,671 shares changing hands. Lasco Manufacturing ended trading with 349,779 shares and lost 5 cents to close at $4.94, Medical Disposables ended trading 100,000 units at $3.50 and tTech closed with a loss of 10 cents at $4.60 with 100,000 shares trading.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , ,

JSE make gains in early JSE trading

February 12, 2016 by

The Jamaica Stock Exchange got off to a positive start helped by a 20 cents jump in the price of Cable & Wireless to $1.60 with 3.7 million units changing hands after reporting a small profit in the December quarter of $144 million after exceptional charge of $334 million on rising revenues. JSE Int Cht 12-02-16A total of 28 securities traded up to 10.45am amounting to 4,944,412 shares.
After 75 minutes of trading JMMB Group jumped $2.25 to $14 for a new 52 weeks’ high with only 7,000 shares changing hands, Lasco Financial recovered 55 cents of the 96 cents loss it suffered on Thursday to now traded at $3.60 with 120,309 units traded, Honey Bun traded at a new high of $12.08 as 20,000 shares traded.
The all Jamaica Composite Index rose 651.58 points to 178,090.52, the JSE Market Index gained 583.04 points to 160,299.99, the JSE combined index climbed 636.39 points to 171,876.55 and the junior market index rose 9.59 points to 2,295.64.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , ,

10 stocks rose on TTSE Thursday

February 11, 2016 by

Scotia Investments closed at a new high on TTSE

Scotia Investments closed at a new high on TTSE

A total of 10 stocks listed on the Trinidad & Tobago Stock Exchange rose on Thursday, 3 fell and 5 remained unchanged as 18 securities changed hands with 4 closing at 52 weeks’ highs and 2 at 52 weeks’ low. A total of 249,186 shares valued at $2,734,653 traded. The market closed with shares of Jamaican based companies remaining in good demand with two rising.
The Composite Index fell 4.80 points to close at 1,156.93, the All T&T Index dropped by 14.60 points to close at 1,909.70 and the Cross Listed Index gained 0.70 points to close at 53.39.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with 3 stocks with bids higher than the last selling price and 8 stocks with offers that were lower.
Gains| Agostini’s traded 146 shares with a rise of 1 cent at $17.01, Clico Investment Fund closed with 8,193 shares changing hands 1 cent higher at $22.52, FirstCaribbean International Bank traded 100 shares to close with a rise of 8 cents at a 52 weeks’ high of $5.20. Guardian Holdings gained 5 cents with 10,194 shares changing hands to close at $14.30, National Commercial Bank gained 4 cents in trading 1,000 shares to close at $2.40. Prestige Holdings gained 25 cents to close at a 52 weeks’ high of $10.50, Republic Financial Holdings gained 1 cent to close at $112.03 with 9,291 shares changing hands at a value of $ 1,040,828. Sagicor Financial Corporation closed with 38,642 shares changing hands, to end with a rise of 2 cents at a 52 weeks’ high of $6.52 and Scotia Investments rose 6 cents to end at a 52 weeks’ high of $1.70 (J$32.30) with 128,711 shares changing hands. At the close, there is a bid to buy 171,540 shares at $1.70 with no stock on offer.
TTSE sum 11-02-16 Losses| Massy Holdings traded 150 shares as the price ended 2 cents lower to close at new 52 weeks’ low of $59.50, National Enterprises dropped $1.17 to a 52 weeks low of $14.80 while trading 300 shares and Trinidad Cement lost 19 cents to end at $3.50 as 7,414 units changed hands.
Firm Trades| Berger paints traded 75 units at $3.67, Grace Kennedy traded at $4.50 (J$84.60) with 100 units trading, Scotiabank closed with 30 shares changing hands to end at $59.99, Trinidad and Tobago NGL traded 43,900 units valued at $834,105 to close at $19 and Unilever Caribbean ended with 10 shares trading at $67.82.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , ,

10 junior stocks up & 5 down – Thursday

February 11, 2016 by
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Jamaican Teas closed at a new high of $7.50 on Thursday.

Jamaican Teas closed at a new high of $7.50 on Thursday.

The junior market encountered a moderate fall at the closed on Thursday with 19 securities trading, 10 of which advanced, 5 declined. The market ended with index having slipped 10.32 points to end at 2,286.05 as 4 stocks closed at a new 52 weeks’ high as 1,462,823 units changed hands, valued at $6,676,310.
At the close, 2 securities ended with no bid to buy and 6 securities had no stocks being offered for sale but there are strong signs of the possibility of a big move forward, as 8 stocks closed with bids that were higher than their last selling prices and none ended with a lower offer. Including in the list of stocks with higher bids are Access Financial at $17.55 to buy 5,800 units and 33,700 units with a bid of $17.50, the stock last traded at $16.80 but the only offer is at $24 to sell 15,150 units and Cargo Handlers at $40.07 to buy 780 units, the last sale was at $39.
In trading, AMG Packaging lost 50 cents while 31,317 units changed hands, to end at $20.50, CAC 2000 gained 24 cents to close at a 52 weeks’ high of $7 with 10,710 shares changing hands, C2W Music traded 116,777 shares but lost 2 cents to end at 47 cents. Caribbean Cream gained 1 cent in trading 95,273 shares to close at $4.65, Caribbean Flavours ended with 30,000 units changing hands at $8.50, Caribbean Producers traded 52,267 units to close at $5.95, after rising by 5 cents. Consolidated Bakeries traded 5,000 units to close with a loss of 1 cent at $1.63, Derrimon Trading rose 5 cents, to end with 7,975 shares trading at a 52 weeks’ closing high of $4.55, General Accident gained 4 cents in trading 36,600 shares to close at $2.10, Honey Bun rose 80 cents as 6,669 units changed hands to end at a 52 weeks’ high of $11.80.JM sum 11-2-16 Jamaican Teas rose 50 cents while trading 77,893 shares, to close at a 52 weeks’ high of $7.50, KLE Group ended at $2.75 with 13,604 units trading, Knutsford Express closed with 5,110 units changing hands at $17, Lasco Distributors closed with 86,476 units trading, to gain 34 cents to end at $7.84. Lasco Financial dropped sharply to close with a loss of 96 cents at $3.05 while 658,883 shares changed hands, Lasco Manufacturing ended trading with 183,822 shares and gained 4 cents to close at $4.99, Medical Disposables ended trading 30,000 units but the price slipped 5 cents to $3.50, tTech closed with a gain of 10 cents at $4.70 with 228,954 shares trading and Eppley preference share traded 10,000 units at $6.10.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , ,

Jamaican stocks in demand on TTSE

February 10, 2016 by
Grace hits new high on TTSE on Wednesday

Grace hits new high on TTSE on Wednesday

Shares of Jamaican based companies listed on the Trinidad & Tobago Stock Exchange are in good demand at the close of trading on Wednesday with three of them rising at the close. At the close Scotia Investments was quoted with the bid at $1.64 (J$30.90) to purchase 152,486 stock units while 13,711 units were on offer at $1.70 or J$32. The market closed with only 5 securities being active on Wednesday, after closing on Monday and Tuesday. A total of 3 stocks gained, 1 fell and 1 remained unchanged. A total of 89,702 shares changed hands valued at $319,137.
The Composite Index advanced by 1.60 points to close at 1,161.73, the All T&T Index advanced by 0.12 points to close at 1,924.30 and the Cross Listed Index gained 0.42 points to close at 52.69.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with 6 stocks with bids higher than the last selling price and 7 stocks with offers that were lower.
Gains| Grace Kennedy gained 28 cents to 52 weeks’ high of $4.50 (J$84.60) with 25,500 units trading and had a bid to buy 24,500 units at the closing price with none on offer, TTSE sum 10-02-16JMMB Group traded with a gain of 2 cents with 50,000 shares trading to close at a 52 weeks’ high of 57 cents. At the close there was buying interest at 57 cents for 25,000 units, with selling at 63 cents for 75,000 shares, National Commercial Bank gained 1 cent in trading 5,707 shares to close at $2.36, at the close buying was moderate and so was the selling.
Losses| Massy Holdings traded 25 shares as the price ended 8 cents lower to close at new 52 weeks’ low of $59.52.
Firm Trades| Trinidad and Tobago NGL traded 8,470 units to close at $19.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , ,

Spirited recovery for JSE on Tuesday

February 9, 2016 by
Margaritaville Turks traded at a new 52 weeks' high on Tuesday.

Margaritaville Turks traded at a new 52 weeks’ high on Tuesday.

The Jamaica Stock Exchange recovered from two days of major losses in the main market indices on Tuesday with 47 securities changing hands in all market segments, 17 of which gained and 16 declined. Seven stocks closed at 52 weeks’ highs and 4 at intraday highs as 7,135,151 units valued at $62,892,474 changed hands in all markets. The junior market accounted for 1,181,038 units changed hands, valued at $6,522,458.
The JSE Market Index climbed 1,442.14 points to 160,316.87 the all Jamaica Composite Index recovered 1,611.67 points to end at 178,119.44 and the JSE combined index rose 1,323.61 points to close at 171,905.15.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 18 stocks with bids higher than their last selling prices and only 1 with a lower offer.
At the end of the market activities, Barita Investments ended with 35,224 units traded to close at $4.78, Berger Paints fell 30 cents to end at $4.50 after trading at 52 weeks’ intraday high of $5.05, with 191,462 units traded. Cable and Wireless gained 4 cents to close at $1.54 with 149,329 units trading, Caribbean Cement rose 90 cents to close at $28 with 22,982 shares changing hands. Carreras traded 18,990 shares at $62.75 with a gain of 24 cents, JSE Sum 09-02-16Ciboney traded 72,660 shares at 21 cents, Desnoes and Geddes had 14,567 changing hands at $22.88, Gleaner Company fell 2 cents in trading 47,576 shares to close at $2.40, Grace Kennedy gained $1 to close at $84 with 4,452 units changing hands. Jamaica Broilers Group traded 178,900 units but gained 50 cents to $14.50, Jamaica Producers lost 50 cents to end at $29.50 with 30,882 units trading, Jamaica Stock Exchange traded 12,480 shares at $20, JMMB Group traded 12,133 units and gained 90 cents to end at a 52 weeks’ high of $11.90. Kingston Wharves rose 53 cents with 16,827 units changing hands at $11, Margaritaville Turks had 500 shares trading at a new high of 14 US cents up from 13.7 cents on Monday, National Commercial Bank traded 271,792 shares and rose $1 to close at $42. Pan Jamaican Investments closed at $94.50 after trading 192,708 shares with a loss of $1.50. Pulse Investments traded 263,268 shares at a 52 weeks’ high of $4.10 after rising by 9 cents after it traded earlier in the day at $4.50, Sagicor Group closed at $23 with 131,685 units changing hands.JSE fn qts 09-02-16 Sagicor Real Estate Fund gained 50 cents to close at a 52 weeks’ high of $12 while trading 43,900 shares, Scotia Group had 91,317 shares changing hands to close with a loss of $3 at $34, Seprod added 38,921 units and dropped 99 cents in ending at $21. Supreme Ventures rose 5 cents to close at $6.30, with 900,005 units changing hands, but traded earlier, at an intraday high of $7. Proven Investments ordinary share traded 79,600 units to close at 22 US cents, Jamaica Money Market Brokers 7.50% preference share traded 836,600 units with a gain of 3 cents to close at $2.15 and Proven Investments 8% preference share traded 19,100 units at $5.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , ,

8 junior stocks fell 4 gained – Tuesday

February 9, 2016 by

Honey Bun closed at a new 52 weeks' high on Monday

Honey Bun closed at a new 52 weeks’ high on Monday

The junior market encountered a moderate fall at the closed on Tuesday with 18 securities trading, 4 of which advanced, 8 declined. The market ended with index having slipped 5.30 points to end at 2,295.08 as 2 stocks closed at a new 52 weeks’ high and 1,181,038 units changed hands, valued at $6,522,458.
At the close, 2 securities ended with no bid to buy and 6 securities had no stocks being offered for sale but there are strong signs of the possibility of a big move forward on Thursday, as 9 stocks closed with bids that were higher than their last selling prices and none ended with a lower offer. Including in the list of stocks with higher bids are Access at $17.55 to buy 5,800 units and 33,700 units with a bid of $17.50, the stock last traded at $16.80 and Cargo Handlers at $40.07 to buy 890 units, the last sale was at $39.
In trading, AMG Packaging lost 50 cents while 17,110 units changed hands, to end at $21, C2W traded 3,000 shares at 49 cents, Caribbean Cream fell 6 cents in trading 88,384 shares to close at $4.64, Caribbean Flavours ended with 28,150 units changing hands at $8.50, Caribbean Producers traded 44,200 units to close at $5.90. Consolidated Bakeries traded 130,236 units to close at $1.64, Derrimon trading ended with 5,000 shares trading at $4.50, Eppley traded 2,000 units at a new high of $400.01, for 1 cent appreciation, General Accident fell 4 cents in trading 31,741 shares to close at $2.06.JM sum 09-2-16 Honey Bun had 36,400 units changing hands at $11 as the price rose $1 for a 52 weeks’ high, Jamaican Teas gained $1 while trading 65,649 shares trading to close at a 52 weeks’ high of $7, KLE Group ended at $2.75 with 28,126 units trading. Knutsford Express closed with 6,924 units changing hands but fell 25 cents at $17, Lasco Distributors fell 23 cents in trading 29,125 units to close at $7.50, Lasco Financial closed with a loss of 9 cents at $4.01 with 214,529 shares changing hands. Lasco Manufacturing ended trading with 172,310 shares but fell 5 cents to close at $4.95, tTech closed with fall of 1 cent at $4.60 with 228,954 shares trading and Derrimon Trading preference share traded 49,200 units at $2.16.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , ,

Big gains for Juniors on Monday

February 8, 2016 by

CAC 2000 closed at new high of $6.76 on Monday.

CAC 2000 closed at new high of $6.76 on Monday.

The junior market made strong gains at the closed on Monday with 15 securities trading, 5 of which advanced, 4 declined. The market ended with index rising 36.81 points to end at 2,300.38 as 2 stocks closed at a new 52 weeks’ high as 852,832 units changed hands, valued at $4,342,372.
At the close there are a few interesting bids, Access at $17.50 to buy 2,000 units and 33,700 units with a bid of $17.50, the stock last traded at $16.80, Cargo Handlers at $40.05 to buy 890 units, the last sale was at $39 and Honey Bun with the bid at $10.65 against a last sale price of $10.
At the close, 1 security ended with no bid to buy and 6 securities had no stocks being offered for sale but 5 stocks closed with bids that were higher than their last selling prices and none ended with a lower offer.
In trading, AMG Packaging gained $1.50 with a mere 100 units changing hands, to end at a new 52 weeks high of $21.50, CAC traded 2,999 units at an all-time high of 6.75 after gaining 5 cents, C2W traded 40,000 shares at 49 cents, Caribbean Cream fell 5 cents in trading 93,873 shares to close at $4.70. Caribbean Flavours ended with 13,500 units changing hands at $8.50 to gain 40 cents, Caribbean Producers rose 40 cents in trading 13,500 units to close at $5.90, Consolidated Bakeries traded 79,264 units to close at $1.60, General Accident fell 5 cents in trading 21,835 shares to close at $2.10. JM sum 8-2-16KLE Group ended at $2.75 with 4,000 units trading. Lasco Distributors closed with 177,571 units trading at $7.80, Knutsford Express closed with 13,450 units changing hands at $17.25, Lasco Distributors gained 10 cents in trading 225,255 units to close at $7.90, Lasco Financial closed with a loss of 15 cents at $4.10 with 225,203 shares changing hands. Lasco Manufacturing ended trading with 72,166 shares to close at $5, tTech closed with a 14 cents fall at $4.61 with 37,187 shares trading and Eppley 10% preference share traded 21,000 units at $6.10.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , ,

Slight US$ imbalance on Friday

February 5, 2016 by

FX_USPound2 Trading in the Jamaican foreign exchange market ended Friday with inflows and outflows once more almost matching each other, with dealers buying the equivalent of US$32,891,082 and selling US$31,317,005, in contrast with US$35,408,853 purchased and US$34,875,156 sold on Thursday.
In US dollars trading, dealers bought US$29,718,543 compared to US$31,462,644 on Thursday, with the buying rate for the US dollar falling 2 cents to $120.84. A total of US$30,451,008 was sold versus US$32,362,621 on Thursday as the selling rate rose 7 cents to $121.49.FX trde sum 5-02-16 The Canadian dollar buying rate fell 36 cents to end at $85 with dealers buying C$1,129,977 and selling C$461,187, at an average rate that climbed by 1 cent to $86.89. The rate for buying the British Pound dipped $1.18 to $172.39 for the purchase of £1,083,530, while £292,137 was sold, with the rate being down $1.65 to $174.02. At the end of trading, the selling rate for Euro, ended with a rise of $1.52 to close at J$135.63, from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$132.98 for a rise of $1.67 from Thursday’s rate. FX H&L 05-02-16 The US dollar equivalent of other currencies traded, amounts to US$831,891 being bought, while US$117,715 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a fall of $1.91 in the lowest selling rate for the US dollar that ended at $93.20, the highest buying rate of the Canadian dollar rising $1.01 to $89.31 and lowest buying rate climbing $1.07 to $70.38 whilst the highest buying rate for the British Pound fell $1.20 to $177 with the highest selling falling by $1.48 to $180.09.

Filed Under: FX Market, Stock Market Tagged With: , , , , , , , , ,

Juniors lost ground on Friday

February 5, 2016 by

Honey Bun tclosed at a 52 weeks' high on Friday.

Honey Bun closed at a 52 weeks’ high on Friday.

The junior market declined mildly at the closed on Friday with 17 securities trading, 8 of which advanced, 3 declined. The market ended with index falling 11.14 points to end at 2,263.57 as 3 stocks closed at a new 52 weeks’ highs. At the close there are a few interesting bids, Access at $18 to buy 2,000 units and 33,700 units with a bid of $17.50, the stock last traded at $16.80, Cargo Handlers at $40.05 to buy 3,700 units, the last sale was at $39 and Honey Bun with the bid at $10.27.
The volume of 1,152,213 units changed hands, valued at $5,608,634. At the close, 1 security ended with no bid to buy and 9 securities had no stocks being offered for sale but 5 stocks closed with bids that were higher than their last selling prices and none ended with a lower offer.
In trading, AMG Packaging gained $1.20 with a mere 1,963 units changing hands, to end at a new 52 weeks high of $20, C2W Music traded 12,118 shares at 49 cents, Caribbean Cream traded 30,281 shares to close at $4.75, Caribbean Flavours ended with 37,360 units changing hands but fell 40 cents to $8.10. Caribbean Producers rose 40 cents in trading 26,510 units to close at $5.50, Consolidated Bakeries traded 156,510 units and gained 5 cents to close at $1.60, General Accident fell 3 cents in trading 53,100 shares to close at $2.15. Honey Bun responded to the release of results after trading on Thursday, showing a huge increase in sales and profit, to hit a 52 weeks’ high of $10 with 20,000 shares changing hands. Jamaican Teas traded 64,051 units at a new high of $6 as the price rose 40 cents, KLE Group ended at $2.75 with 18,100 units trading. JM sum 5-2-16Lasco Distributors closed with 177,571 units trading at $7.80, Lasco Distributors reported a 50 percent jump in profit after tax of $592 million for the nine months to December last year, up from $197 million. Lasco Financial closed with a gain of 9 cents at $4.25 with 72,150 shares changing hands. Lasco Manufacturing ended trading with 444,466 shares to close at $5, earlier in the morning session the stock traded as low as $4.50. Medical Disposables closed at $3.55 with 8,700 shares trading, Paramount Trading fell by 29 cents to end with 2,333 shares changing hands at $11.20, tTech closed with a 10 cents gain at $4.75 with 15,000 shares trading and Derrimon Trading 11.75% preference share traded 12,000 units but gained 6 cents to $2.16.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , ,
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