More TTSE decline on Friday

February 5, 2016 by

Republic Financial Holdings gained in Friday's trading

Republic Financial Holdings gained in Friday’s trading

The Trinidad & Tobago stock market closed with 10 securities being active on Friday, with 3 stocks recording gains, 2 fell and 5 remained unchanged. A total of 810,929 shares changed hands valued at $4,320,726.
The Composite Index declined by 1.84 points to close at 1,161.97, the All T&T Index fell by 3.65 points to close at 1,924.18 and the Cross Listed Index is stuck at 52.27 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with 7 stocks with bids higher than the last selling price and 9 stocks with offers that were lower.
Gains| Clico Investment Fund traded 16,400 shares valued at $369,164, to close at $22.51, with a rise of 1 cent. Republic Financial Holdings rose 2 cents in trading 10,306 shares with a value of $1,154,478, to close at $112.02. The stock remains in strong demand with limited supply at the close and Trinidad and Tobago NGL traded 111,282 units with a value of $2,101,509, to close with a gain of 1 cent at $19, after it traded earlier at a low of $18.88.
Losses| National Flour traded 2,702 shares as the price ended 3 cents lower at $2.15 and Scotiabank dropped $1.01 to close at new 52 weeks’ low of $59.99 with 1,500 shares trading. The stock still looked weak at the close, with an offer to sell 7,222 units at the closing price, but with the bid at $58 to buy just 33 shares.
TTSE sum 05-02-16 Firm Trades| First Citizens Bank traded 2,813 units at $35, Guardian Media traded 852 shares with the price remaining at $19.75. JMMB Group continues to trade in high volumes with 664,130 value of $365,272 trading on Friday, up from 452,351 units changing hands on Thursday to close at 55 cents, at the close there was still buying interest at 55 cents to buy 138,819 units and West Indian Tobacco contributed 944 shares at $126.30.

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Balanced FX flows on Thursday

February 4, 2016 by

US$ bungle Trading in the Jamaican foreign exchange market ended Thursday with inflows and outflows almost matching each other, with dealers buying the equivalent of US$35,408,853 and selling US$34,875,156, in contrast with US$30,741,701 purchased and US$45,468,988 sold on Wednesday.
In US dollars trading, dealers bought US$31,462,644 compared to US$27,773,808 on Wednesday, with the buying rate for the US dollar rising by 22 cents to $120.86. A total of US$32,362,621 was sold versus US$43,559,983 on Wednesday as the selling rate rose 4 cents to $121.42.FX trde sum 4-02-16 The Canadian dollar buying rate rose $1.78 to end at $85.36 with dealers buying C$1,136,090 and selling C$753,990, at an average rate that climbed by $1.19 to $86.88. The rate for buying the British Pound climbed $1.83 to $173.57 for the purchase of £1,777,186, while £776,985 was sold, with the rate jumping $2.45 to $175.67. At the end of trading, the selling rate for Euro, ended with a rise of $1.80 to close at J$134.11, from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.31 for a rise of $1.60 from Wednesday’s rate. FX H&L 04-02-16 The US dollar equivalent of other currencies traded, amounts to US$591,627 being bought, while US$848,923 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a rise of $1.95 in the lowest selling rate for the US dollar that ended at $101.11, the highest buying rate for the British Pound climbing $1.50 to $178.20, the highest selling being up by $1.99 to $181.57 and the lowest selling rate gaining $1.50 to $168.50.

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No price changed on TTSE – Thursday

February 4, 2016 by

Scotiabank is one of the stocks on the TTSE that is under selling pressure.

Scotiabank is one of the stocks on the TTSE that is under selling pressure.

The Trinidad & Tobago stock market closed with 9 securities being active on Thursday, but there were no price changes at the close. A total of 474,866 shares changed hands valued at $1,681,708.
The Composite Index is unchanged at 1,161.97, the All T&T Index remained at 1,927.83 and the Cross Listed Index is stuck at 52.27 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with 7 stocks with bids higher than the last selling price and 7 stocks with offers that were lower. The market seems set to decline with Scotiabank having the offer at $60 compared with the last sale price of $61, Trinidad and Tobago NGL bid is at $18.25 to buy 10,200 units with an offer to sell 16,262 units at $18.89 the same as the last traded price. Trinidad Cement closed with the offer below the last traded price of $3.69 with only 700 units to sell at $3.65 and the bid at $3.50 to buy 1,414 units.
TTSE sum 04-02-16 Firm Trades| Calypso Macro Index Fund traded 45 shares at $25, Clico Investment Fund traded 1,257 shares to close at $22.50, First Citizens Bank traded 200 units at $35, JMMB Group had 452,351units changing hands to close at 55 cents, Massy Holdings ended with 5,255 shares valued at $313,192 changing hands as the price ended at $59.60. Republic Financial Holdings contributed 1,000 shares closing at $112, Sagicor Financial added 6,076 shares at $6.51, Unilever Caribbean ended with 2,800 shares trading at $67.82 and West Indian Tobacco Company contributed 5,872 shares with a value of $741,633 at $126.30.

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More US$ selling than buying – Wednesday

February 3, 2016 by
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Trading in the Jamaican foreign exchange market ended Wednesday with dealers buying the equivalent of US$30,741,701 and selling US$45,468,988, in contrast with US$39,102,745 purchased and US$45,483,303 sold on Tuesday.
FX trde sum 3-02-16In US dollars trading, dealers bought US$27,773,808 compared to US$36,005,606 on Tuesday with the buying rate for the US dollar slipping by 16 cents to $120.64. A total of US$43,559,983 was sold versus US$43,512,355 on Tuesday as the selling rate rose 1 cent to $121.38. The Canadian dollar buying rate rose 47 cents to end at $83.58 with dealers buying C$998,893 and selling C$580,645, at an average rate that slipped $1.58 to $85.69. The rate for buying the British Pound climbed $1.05 to $171.74 for the purchase of £1,374,735, while £741,813 was sold, with the rate rising 69 cents to $173.22. At the end of trading, the selling rate for Euro, ended with a rise of 13 cents to close at J$132.31, from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.71 for a decline of 1 cent from Tuesday’s rate. FX H&L 03-02-16The US dollar equivalent of other currencies traded, amounts to US$318,898 being bought, while US$440,417 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a fall of $18.34 in the lowest selling rate for the US dollar that ended at $99.16, the highest buying rate of the Canadian dollar rising $1.50 to $88, the lowest selling rate jumping $2.70 to $82.70 and the highest buying rate for the British Pound climbing $2.40 to $176.70.

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Juniors eke small gain on Wednesday

February 3, 2016 by

Access closed with the bid at $17.50 compared with the last traded price of $16.80

Access closed with the bid at $17.50 compared with the last traded price of $16.80

The junior market made small gains at the closed on Wednesday with 18 securities trading, 7 of which advanced, 4 declined. The market ended with index rising 9.50 points to end at 2,227.14 as 3 stocks closed at a new 52 weeks’ highs and with a few interesting bids, included are Access at $17.50 to buy 33,700 and Cargo Handlers at $40 to buy a small amount.
The volume of 1,700,082 units changed hands, valued at $8,831,236. At the close, 1 security ended with no bid to buy and 8 securities had no stocks being offered for sale but 6 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 with just 19,136 units changing hands at a new 52 weeks high of $16.50, Caribbean Cream ended with a loss of 35 cents as the stock remains under selling pressure, as 52,489 shares changed hands to close at $4.30. Caribbean Flavours traded 600 units to end at $8.50, Caribbean Producers traded 696,572 units but fell 39 cents to close at $5.50, Derrimon Trading closed at $4.50 with 2,000 units changing hands, Dolphin Cove closed with 9,847 units changing hands at $15.72. General Accident gained 8 cents while trading 110,204 shares to close at $2.18, Honey Bun ended at a 52 weeks’ high of $9.30 with 2,000 units trading with a gain of 5 cents,JM sum 3-2-16 Jamaican Teas gained 40 cents with 95,000 shares trading, to close at a $5.50, KLE closed with 6,000 units changing hands at $2.75. Knutsford Express traded 1,900 shares at a 52 weeks’ high of $16.50, the stock price closed with a gain of $1.30, Lasco Distributors closed with 141,838 units trading and ended with a gain of 15 cents at $7.50, Lasco Financial rose 4 cents to close at $4.16 with 87,291 shares changing hands. Lasco Manufacturing ended trading with 434,275 shares to close at $5, Medical Disposables closed at $3.55 with 30,430 shares trading but lost 2 cents, Paramount Trading had just 1,000 units changing hands at $11.49 and tTech closed at $4.75 with 9,500 shares trading.

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Activity picks up on TTSE – Wednesday

February 3, 2016 by
Guardian on the move on the TTSE

Guardian on the move on the TTSE

The Trinidad & Tobago stock market closed with 11 securities being active on Wednesday, up from 7 on Tuesday with 4 stocks gaining, 3 declining with the prices of 4 remaining unchanged as the stock prices of 2 companies hit 52 weeks’ lows and 1 52 weeks’ high. A total of 346,177 shares changed hands valued at $895,825.
The Composite Index fell 0.16 points to 1,161.97, the All T&T Index lost 0.63 points to 1,927.83 and the Cross Listed Index advanced by 0.05 points to 52.27.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with only 5 stocks with bids higher than the last selling price and 5 stocks with offers that were lower.
Gains| Guardian Holdings gained 5 cents with 430 shares changing hands to close at $14.25, Sagicor Financial added 1,200 shares and closed at a 52 weeks’ high of $6.51, to gain 1 cent. Scotia Investments had 4.500 units changing hands at a $1.64, for a 4 cents gain and Unilever Caribbean ended with 2 cents rise with 8,217 shares trading at $67.82.
TTSE sum 03-02-16 Losses| Massy Holdings ended with 80 shares changing hands as the price dropped 20 cents to end at a 52 weeks’ low of $59.60, National Flour contributed 25,000 shares but lost 8 cents in closing at $2.19 and Trinidad and Tobago NGL fell 11 cents, in trading 3,038 shares at a new 52 weeks’ low of $18.89.
Firm Trades| Clico Investment Fund traded 1,140 shares to close at $22.50, First Citizens Bank traded 8 units at $35, JMMB Group had 301,724 units changing hands to close at 55 cents and Prestige Holdings with 840 units and ended at $10.25.

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Strong FX inflows on Tuesday

February 2, 2016 by

J$5000 Trading in the Jamaican foreign exchange market ended Tuesday with dealers buying the equivalent of US$39,102,745 and selling US$45,483,303, in contrast with US$64,626,781 purchased and US$55,140,235 sold on Monday.
In US dollars trading, dealers bought US$36,005,606 compared to US$60,897,375 on Monday with the buying rate for the US dollar slipping by 9 cents to $120.80. A total of US$43,512,355 was sold versus US$53,714,041 on Monday as the selling rate rose by 3 cents to $121.37. The Canadian dollar FX trde sum 2-02-16buying rate rose 54 cents to end at $83.11 with dealers buying C$1,054,742 and selling C$1,429,307, at an average rate that climbed $2.37 to $87.27. The rate for buying the British Pound jumped $1.90 to $170.69 for the purchase of £1,573,451, while £523,262 was sold, with the rate rising $1.46 to $172.53. At the end of trading, the selling rate for Euro, ended with a rise of 85 cents to close at J$132.18, from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.72 for a gain of 85 cents from Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$148,241 being bought, while US$199,528 was sold.
FX H&L 02-02-16Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a recovery of $18.34 in the lowest selling rate for the US dollar that ended at $117.50 and the highest buying rate for the British Pound climbing $1.50 to $174.30 and lowest selling rate gaining $2.05 to end at $166.50.

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FX trading jumps on Monday

February 1, 2016 by

FX_USPound2 Trading in the Jamaican foreign exchange market ended Monday with dealers buying the equivalent of US$64,626,781 and selling US$55,140,235, in contrast with US$55,187,652 purchased and US$45,669,815 sold on Friday.
In US dollars trading, dealers bought US$60,897,375 compared to US$51,122,324 on Friday with the buying rate for the US dollar slipping by 2 cents to $120.89. A total of US$53,714,041 was sold versus US$43,774,345 on Friday as the selling rate fell by 3 cents to $121.34. The Canadian dollar buying rate FX trde sum -02-16fell 64 cents to end at $82.57 with dealers buying C$1,301,740 and selling C$615,650, at an average rate that slipped 84 cents to $84.59. The rate for buying the British Pound dived $2 to $168.79 for the purchase of £1,208,967, while £455,237 was sold, with the rate declining $2.83 to $171.06. At the end of trading, the selling rate for Euro, ended with a loss of $1.42 at J$131.33, from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.87 for a fall of FX H&L 1-02-16 $1.59 from Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$1,152,324 being bought, while US$353,692 was sold.Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a drop of $18.84 in the lowest selling rate for the US dollar that ended at $99.16 and the highest buying rate for the British Pound falling $1.25 to $172.80.

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3 new lows on TTSE no gains – Monday

February 1, 2016 by

TTSE build The Trinidad & Tobago stock market closed with 12 securities being active on Monday with no stock gaining, 5 declining with the prices of 8 remaining unchanged as the stock prices of 3 companies hit 52 weeks’ lows. A total of 42,687 shares changed hands valued at $1,396,341.
The Composite Index fell 0.64 points to 1,162.67, the All T&T Index lost 1.27 points to 1,930.01 and the Cross Listed Index remained at 52.16.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with only 6 stocks with bids higher than the last selling price and 9 stocks with offers that were lower.
Losses| ANSA McAL contributed a mere 20 shares but lost 25 cents in closing at 52 week’s Low of $66, Massy Holdings lost 9 cents to close at new 52 weeks’ low of $59.80 as 110 shares traded. The late 2015 listed, Trinidad and Tobago NGL, fell 10 cents to a new 52 weeks’ low of $19, with 17,420 shares valued at $331,335 changing hands and Unilever Caribbean traded just 430 units to close with a 2 cents fall, to $67.80.
Firm Trades| Calypso Macro Index Fund traded 50 units at $25 each, Clico Investment Fund traded 1,900 shares to close at $22.51.TTSE sum 01-02-16 First Citizens Bank had 16,427 shares changing hands valued at $574,945 and closed at $35. Guardian Holdings had 1,185 units changing hands to close at $14.20, Praetorian Property Mutual Fund contributed 2,000 shares to end at $3, Republic Financial Holdings closed at $112 with 764 shares changing hands. The stock closed with a bid at $112 to purchase 179,818 shares with the offer at $114 to sell 114 units and West Indian Tobacco traded 2,380 units to close at $126.30 with a value of $300,594.

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24 stocks rose on JSE – Monday

February 1, 2016 by
Berger Paints reported a 61% increase in profits for the 9 months to December 2015, after trading closed.

Berger Paints reported a 61% increase in profits for the 9 months to December 2015, after trading closed.

The Jamaica Stock Exchange closed with 40 securities changing hands in all market segments, 24 of which gained and 8 declined with the junior market index climbing over 2 percent.
Two stocks closed at 52 weeks’ highs one at a 52 weeks’ low and one traded at intraday highs as 12,148,016 units valued at only $49,596,056 changed hands in all markets. The junior market accounted for 1,032,255 units changed hands, valued at $4,390,508.
The JSE Market Index climbed 1,182.30 points to 161,531.59 the all Jamaica Composite Index closed with a rise of 1,321.29 points to end at 179,476.96 and the JSE combined index gained 1,554.59 points to close at 172,394.70.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 9 stocks with bids higher than their last selling prices and 1 with a lower offer.
At the end of the market activities, Berger Paints lost 7 cents to end at $3.63 as 26,559 units traded,  the company released results to December with an increase of 61 percent in after tax profit of $153.6 million from $95.3 in 2014 for the nine months period on sales that rose 11 percent.JSE Sum -02-16 Cable and Wireless ended with 172,447 units changing hands to close at $1.59, Caribbean Cement climbed $1.95 to close at $28.60, with 8,800 shares changing hands. Grace Kennedy fell 50 cents and closed at $82.50, with 15,670 units changing hands but the stock traded on Friday in Trinidad at $4.15 and closed with a bid at $4.18 (J$78.16) on Monday. Jamaica Broilers fell 4 cents to $14.45 with 15,237 shares changing hands, Jamaica Stock Exchange gained 29 cents to $20 with 3,500 units trading, JMMB Group traded 26,728 units but gained 10 cents to end at $11, Kingston Wharves traded 9,245 units to close with a gain of 10 cents at $11.19. Mayberry Investments had 4,386 shares changing hands but rose 15 cents to $4.50, National Commercial Bank (NCB) traded 57,900 shares but rose $1.89 to close at $42.99 two trading days after the banking group released interim results to December, last year with a 12 percent increase in aftertax profit to $2.4 billion, from $2.1 billion. NCB stock traded in Trinidad on Friday at the equivalent of $5.20. JSE fn qts 01-02-16Pan Jamaican Investment dropped $4 with just 2,930 units changing hands to close at $94, Pulse Investments traded 10,002,000 shares with a fall of 3 cents to close at $3.22 as Barita Investments crossed 10 million units. Sagicor Group gained 10 cents to close at $23 with 102,424 units changing hands, Scotia Group had 77,925 shares changing hands to close with a rise of 56 cents at $31.56, Scotia Investments had 1,000 shares trading to close with a gain of $1.90 at $29.90. Supreme Ventures closed at $6.20 and gained of 20 cents with 70,381 units changing hands, Proven Investments ordinary share traded 77,700 units to close at 22.89 US cents and JMMB 7.5% preference share traded 179,778 units at $2.25 after regaining 15 cents.

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