Junior market rises on Wednesday
At the close there was 1 security ending with no bid to buy and 8 securities had no stocks being offered for sale. A total of 7 stocks closed with bids higher than their last traded prices while none closed with a lower offer.
In trading, Access Financial traded 1,010 units at $14.02, to record a gain of 1 cent, Caribbean Flavours jumped 90 cents with 21,250 shares changing hands at a new 52 weeks’ high of $9, Caribbean Producers lost 35 cents in trading 18,509 units, to close at $4.25. General Accident ended with 1,000 shares changing hands at $2.04, for a gain of 13 cents, Knutsford Express climbed 80 cents to $11.30 with 5,267 shares changing hands. Lasco Distributors closed with 17,050 shares changing hands at $4.55 after rising by 5 cents, Lasco Financial fell 10 cents ended at $3, with 97,827 shares changing hands. Lasco Manufacturing (LASM) gained 25 cents and closed at $3.30, with 2,553,756 shares trading. At the close the overhand of 2,536,706 units of LASM offered for sale at $3.30 by Stocks and Securities as broker for a client was cleared. Medical Disposables lost 30 cents and ended with 5,000 shares changing hands at $3.25 and Eppley 10% preference share, ended with 689 units changing hands at $6.02.
FX intake still elevated – Wednesday
Flows into the Jamaican foreign exchange market remains above the $40 million level as dealers bought the equivalent of US$40,443,682 and sold US$38,941,809, compared with US$43,117,589 and US$51,950,671 respectively on Tuesday.
Purchase of US dollars , was below the amount sold by dealers by just over US$1 million with dealers buying US$36,794,485 compared to US$36,930,693 on Tuesday. The buying rate for the US dollar rose 1 cent to $119.69. A total of US$37,917,698 was sold versus US$45,466,315 on Tuesday, the selling rate moved up 4 cents to $120.38. The Canadian dollar buying rate dropped $2.41 to end at $84.20 with dealers buying C$1,367,212 and selling C$607,368, at an average rate that dived $1.97 to $85.81. The rate for buying the British Pound rose 17 cents to $178.71 for the purchase of £1,716,642, while £310,227 was sold, with the rate falling $1.37 to $178.56. At the end of trading, it took J$131.43 to purchase the Euro, a fall of $1.21 from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.74 for a decline of $1.24 from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$124,217 being bought, while US$130,987 was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 40 cents to $120.55, the lowest buying rate was unchanged at $98.78, the highest selling rate rose 5 cents to $126.63 and lowest selling rate rose 8 cents to $98.78. The highest buying rate for the Canadian dollar fell $1.40 to $87.20, the lowest buying rate remained at $69.97, the highest selling rate fell 40 cents to $90.20 and the lowest selling rate slipped 50 cents $83. The highest buying rate for the British Pound, declined 40 cents to end at $181.60. The lowest buying rate gained 17 cents to $146.08, while the highest selling rate declined $2.43 to end at $185.68 and the lowest selling rate stayed at $174.
Falling TTSE stocks still dominant – Wednesday
At the close, the Composite Index ended with a fall of 1.54 points to 1,160.59, the All T&T Index fell 2.99 points to 1,949.96 and the Cross Listed Index slipped just 0.01 points to 48.84.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with bids higher than the last selling price and 7 stocks with offers that were lower.
Gains| First Citizens Bank gained 1 cents while 150 shares changed hands, at $34.99, Guardian Holdings traded 10,493 shares with a gain of 3 cents to end at $13.10 and Unilever rose 5 cents with 1,146 units changing hands at a 52 weeks’ high of $68.25.
Declines| Agostini’s traded 18,360 shares with a value of $314,679 but lost 20 cents, to end at a 52 weeks’ low of $17, Massy Holdings traded 80,589 units with a value of $4,958,715 but lost 7 cents to end at a 52 weeks low of $61.53. National Enterprises closed with 2,510 shares changing hands, lost 2 cents, to close at a 52 weeks’ low of $16.37, Sagicor Financial lost 1 cent to close with 200 shares changing hands at $6.15. Scotiabank with 3,615 shares closed at $61.99, Trinidad and Tobago NGL slipped 11 cents in trading 1,500 units to close at a 52 weeks low of $21 and West Indian Tobacco suffered a loss of 22 cents to close at $126 with 6,006 shares valued at $758,092 changing hands.
Firm Trades| Clico Investments traded 18,172 units valued at $413,417 to close at $22.75, National Commercial Bank ended with 39,202 units changing hands at $2.10, National Flour had 8,995 shares changing hands, to close at $2.70, One Caribbean Media traded 50 shares at $22 and Trinidad Cement closed at $4.20 with 15,850 shares changing hands.
FX intake falls on Tuesday
Inflows into the Jamaican foreign exchange market continue to remain buoyant, but Tuesday’s intake was down to $43 million, nearly US$9 million less than the amount that was sold, wiping out the surplus on Monday. The rate of the Jamaican dollar continued its slippage against the three main currencies it trades with.
Dealers bought the equivalent of US$43,117,589 and sold US$51,950,671, compared with US$55,520,746 and US$46,446,771 respectively on Monday.
Purchase of US dollars , was below the amount sold by dealers by US$8.5 million with dealers buying US$36,930,693 compared to US$51,497,060 on Monday. The buying rate for the US dollar rose 2 cents to $119.68. A total of US$45,466,315 was sold versus US$44,706,868 on Monday, the selling rate moved up 7 cents to $120.34. The Canadian dollar buying rate jumped $1.98 to end at $86.61 with dealers buying C$5,134,711 and selling C$7,157,309, at an average rate that climbed by 80 cents to $87.78. The rate for buying the British Pound rose $1.18 to $178.54 for the purchase of £1,556,554, while £549,245 was sold, with the rate gaining 35 cents to $179.93. At the end of trading, it took J$132.63 to purchase the Euro, a rise of 41 cents from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.98 for a 17 cents gain from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$148,810 being bought, while US$442,544 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 25 cents to $120.95, the lowest buying rate jumped $14.93 to $98.78, the highest selling rate was unchanged at $126.58 and lowest selling rate dived $18 to $98.70. The highest buying rate for the Canadian dollar rose 40 cents to $88.60, the lowest buying rate fell 17 cents to $69.97, the highest selling rate rose 18 cents to $90.60 and the lowest selling rate remained at $83.50. The highest buying rate for the British Pound, rose 35 cents to end at $182. The lowest buying rate fell 17 cents to $145.91, while the highest selling rate slipped 21 cents to end at $188.11 and the lowest selling rate jumped $27.93 to $174.
Junior market falls on Tuesday
At the close there was 1 security ending with no bid to buy and 7 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while none closed with a lower offer.
In trading, C2W Music traded 77,500 units at 38 cents, to record a loss of 1 cent, Caribbean Cream dropped by $1 end with 20,000 shares changing hands at $2.80, Caribbean Producers lost 40 cents in trading 417,144 units, to close at $4.60. Derrimon Trading ended with 103,946 shares changing hands at a new 52 weeks’ high of $3.79, for a gain of 1 cent, Dolphin Cove jumped to $17 with a rise of $1 to close at a new high with only 300 shares changing hands. Jamaican Teas traded just 301 units but lost 3 cents to end at $4.47. Lasco Distributors closed with 105,588 shares changing hands at $4.50, Lasco Financial fell 2 cents ended at $3.10, with 67,081 shares changing hands. Lasco Manufacturing (LASM) lost 5 cents and closed at $3.05, with 1,079,240 shares trading. At the close there were 2,536,706 units of LASM offered for sale at $3.30 by Stocks and Securities as broker for a client. Derrimon Trading preference share lost 5 cents and ended with 350,000 shares changing hands at $2.15, Eppley cumulative preference share 2019, ended with 7,407 units changing hands at $6.08 after falling 1 cent and Jamaican Teas debenture traded 30,000 units at $100 each.
Majors up juniors down on JSE in early trading
The Jamaica stock market has recorded mixed fortunes in early trading as the main market recorded gains in the main indices while the junior fell marginally. A total of 28 securities traded as 14 stocks rose and 10 declined as 2,251,318 units traded.
At 10:45 am, the all Jamaica Composite Index is climbed 605.13 points to 159,773.14, the JSE Market Index rose 541.48 points to 143,900.43 the JSE combined index gained 462.15 points to be at 150,357.47 and the junior market index was down 5.50 points to 1,623.24.
Interesting trades, with 75 minutes having elapsed, National Commercial Bank traded 150,000 shares at $38..37, Scotia Group traded as high as $30.99 but fell back to $29 as the price rose by 50 cents, Lasco Manufacturing traded 381,180 at $3 and Pan Jam had 86,693 units trading at $92.21.
FX trading at elevated levels – Monday
Flows into the Jamaican foreign exchange market continue to remain buoyant, with Monday’s intake amounting to more than $55.5 million, US$9 million more than the amount that was sold, but the rate of the Jamaican dollar slipped slightly against the US dollar but gained versus the Canadian dollar and the British pound.
Dealers bought the equivalent of US$55,520,746 and sold US$46,446,771, compared with US$57,959,306 and US$53,791,134 respectively on Friday.
Purchase of US dollars , exceeded the amounts sold by dealers by US$7 million with dealers buying US$51,497,060 compared to US$53,896,854 on Friday. The buying rate for the US dollar fell 18 cents to $119.66. A total of US$44,706,868 was sold versus US$49,125,914 on Friday, the selling rate moved up by 4 cents to $120.27. The Canadian dollar buying rate fell 45 cents to end at $85.64 with dealers buying C$2,251,115 and selling C$1,259,799, at an average rate that declined by $1.72 to $86.98. The rate for buying the British Pound dived $2.18 to $177.36 for the purchase of £1,506,241, while £439,278 was sold, with the rate losing 97 cents to $179.58. At the end of trading, it took J$132.22 to purchase the Euro, a rise of 74 cents from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.81 for a 94 cents gain from Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$198,988 being bought, while US$172,955 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 25 cents to $120.70, the lowest buying rate dropped $14.89 to $83.85, the highest selling rate gained 5 cents to end at $126.58 and lowest selling rate lost 30 cents to $116.70. The highest buying rate for the Canadian dollar rose 30 cents to $88.20, the lowest buying rate fell 24 cents to $70.14, the highest selling rate dipped 38 cents to $90.42 and the lowest selling rate slipped 50 cents to $83.50. The highest buying rate for the British Pound, declined $1.25 to end at $181.65. The lowest buying rate gained 41 cents to $146.08, while the highest selling rate climbed 54 cents to end at $188.32 and the lowest selling rate dived $27.93 to $146.07.
US$58m FX Inflows on Friday
Flows into the Jamaican foreign exchange market continue to remain strong on Friday, with over $57 million, but the rate of the Jamaican dollar slipped slightly against the US dollar and the Canadian dollar but gained versus the British pound.
Dealers bought the equivalent of US$57,959,306 and sold US$53,791,134, compared with US$37,528,023 and US$37,646,794 respectively on Thursday.
Purchase of US dollars , exceeded the amounts sold by dealers by US$4.7 million with dealers buying US$53,896,854 compared to US$34,101,622 on Thursday. The buying rate for the US dollar rose 21 cents to $119.84. A total of US$49,125,914 was sold versus US$35,323,948 on Thursday, the selling rate moved up by 2 cents to $120.23. The Canadian dollar buying rate fell 92 cents to end at $85.09 with dealers buying C$1,160,529 and selling C$4,684,848, at an average rate that rose $1.35 to $88.70. The rate for buying the British Pound climbed $1.15 to $179.54 for the purchase of £2,055,013, while £729,623 was sold, with the rate losing $1 to $180.55. At the end of trading, it took J$131.48 to purchase the Euro, an decline of 25 cents from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.88 for a 32 cents fall from Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$159,711 being bought, while US$113,315 was sold.
Highs & Lows| The highest buying rate for the US dollar, remained at $120.45, the lowest buying rate rose 4 cents to $98.74 , the highest selling rate gained 6 cents to end at $126.53 and lowest selling rate remained and $117. The highest buying rate for the Canadian dollar fell $1.60 to $87.90, the lowest buying rate was unchanged at $70.38, the highest selling rate rose 6 cents to $90.80 and the lowest selling rate climbed 50 cents to $84. The highest buying rate for the British Pound, declined 70 cents to end at $182.90. The lowest buying rate gained 83 cents to $145.67, while the highest selling rate climbed $1.07 to end at $187.78 and the lowest selling rate remained at $174.
NCB drops back on TTSE – Friday
National Commercial Bank retreated from the 52 weeks’ high reached on Thursday in trading on the Trinidad and Tobago Stock Exchange when the market closed on Friday. Activity ended with 9 active securities as the prices of only 3 rose, 4 declined and 2 traded unchanged. The volume changing hands was 657,676 shares for a value of $2,324,384.
At the close, the Composite Index ended with a fall of 3.36 points to 1,164.24, the All T&T Index fell 0.76 points to 1,954.41 and the Cross Listed Index slipped 0.81 points to 49.23.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bids higher than the last selling price and 7 stocks with offers that were lower.
Gains| Grace Kennedy ended with a gain of 1 cent at $3.62 while 1,000 shares changed hands, Massy Holdings with a volume of 286 shares gained 1 cent in closing at $61.66 and Sagicor Financial gained 1 cent and ended with 3,000 shares changing hands at $6.17.
Declines| National Commercial Bank lost 20 cents while trading 437,722 shares valued at $943,898 to close at $2.10. National Flour closed with the loss of 1 cent with 18,535 shares changing hands at $2.74, Trinidad and Tobago NGL traded 2,340 shares and lost 1 cents to close at $21.49 and Trinidad Cement ended with a loss of 4 cents at $4.47 while 10,000 shares traded.
Firm Trades| Clico Investments traded 15,257 shares to close at $22.75 valued at $347,089 and FirstCaribbean International Bank traded 169,535 shares valued at $847,685 and closed at $5.