Juniors drop on Friday
The junior market index dropped 35.19 points to 1,608.64 with 1,013,694 units, valued at $10,311,911 changing hands. At the close there was 1 security ending with no bid to buy and 6 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while one closed with a lower offer.
In trading, Access Financial Services closed with a gain of 1 cent at $14.01 while 7,000 units changed hands. Derrimon Trading ended with 73,203 shares changing hands at a new 52 weeks’ high of $3.66, for a gain of 14 cents, General Accident Insurance fell 1 cent in trading 51,762 units at $1.91, Honey Bun lost 20 cents with 13,500 shares changing hands at $5.75, Lasco Distributors closed with 467,553 shares changing hands at $4.50, Lasco Financial ended with a loss of 30 cents at $3.10, with 25,773 shares changing hands. Lasco Manufacturing lost 51 cents and closed at $2.99, with 289,903 shares trading, Medical Disposables closed at $3.55 with 75,000 shares trading as the price rose by 15 cents and Eppley cumulative preference share 2019, ended with 10,000 units changing hands at $6.09 after rising 1 cent.
FX Inflows match outflows – Thursday
Flows into the Jamaican foreign exchange market continue to remain strong on Thursday, but with less than the over $40 million, entering the market over the last three trading days, but the rate of the Jamaican dollar slipped against the US dollar and the British pound, but rose against the Canadian dollar.
Dealers bought and sold almost the same amount of foreign currency with the equivalent of US$37,528,023 purchased and US$37,646,794 sold, compared with US$40,650,808 they purchased and US$45,415,068 sold on Wednesday.
Demand for the US dollar , exceeded the amounts purchased by dealers by US$1 million with dealers buying US$34,101,622 compared to US$36,006,397 on Wednesday. The buying rate for the US dollar lost 1 cent to $119.63. A total of US$35,323,948 was sold versus US$42,190,336 on Wednesday, the selling rate moved up by 5 cents to $120.21. The Canadian dollar buying rate fell 68 cents to end at $86.01 with dealers buying C$1,391,801 and selling C$652,803, at an average rate that declined 74 cents to $87.35. The rate for buying the British Pound fell 73 cents to $178.39 for the purchase of £1,564,232, while £1,152,327 was sold, with the rate gaining $1.28 to $181.55. At the end of trading, it took J$131.73 to purchase the Euro, an increase of $1.17 from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.19 for an increase of $1.25 from Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$93,118 being bought, while US$108,235 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 2 cents to $120.45, the lowest buying, the highest and lowest selling rates remained at $98.70, $126.47 and $117 respectively. The highest buying rate for the Canadian dollar gained 90 cents to end at $89.50, the lowest buying rate ended 8 cents higher at $70.38, the highest selling rate rose 11 cents to $90.74 and the lowest selling rate fell 50 cents to $83.50. The highest buying rate for the British Pound, rose $1.60 to end at $183.60. The lowest buying rate gained 75 cents to $144.84, while the highest selling rate climbed $2.03 to end at $186.71 and the lowest selling rate rose 30 cents to $174.
Trading picks up for juniors – Thursday
At the close there was 1 security ending with no bid to buy and 6 securities had no stocks being offered for sale. A total of 3 stocks closed with bids higher than their last traded prices while none closed with a lower offer.
In trading, Caribbean Cream gained 2 cents while trading 192,500 units to end at $3.40, Caribbean Flavours traded 1,550 units at a new 52 weeks’ high of $8.10 by adding 90 cents, Caribbean Producers traded 42,978 units as the price fell 5 cents to end at $5.25, Consolidated Bakeries fell 24 cents trading 695,535 shares at $1.06. General Accident Insurance fell 8 cents, in trading 11,802 units, at $1.92, Honey Bun gained 10 cents with 1,000 shares changing hands and closed at a 52 weeks’ high of $5.95. Jamaican Teas had 76,295 shares trading to close with a loss of 40 cents at $4.50, Lasco Distributors closed with 765,536 shares changing hands at $4.30, Lasco Financial ended at $3, with 741,400 shares changing hands. Lasco Manufacturing lost 11 cents and closed at $3.51, with 680,796 shares trading, Medical Disposables closed at $3.40 with 250,000 shares trading as the price declined by 13 cents, Paramount Trading ended with 6,000 shares changing hands at $8.96 and Derrimon Trading preference share ended with 64,000 shares changing hands to end at $2.10.
NCB only rising stock on TTSE – Thursday
At the close, the Composite Index ended with a rise 3.03 points to 1,167.60 the All T&T Index was unchanged at 1,955.19 and the Cross Listed Index gained 0.83 points to 50.04.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bids higher than the last selling price and 8 stocks with offers that were lower.
Gains| National Commercial Bank rose by 10 cents while trading 125,000 shares to close at $2.30 for a 52 weeks’ high.
Firm Trades| Agostini’s traded 100 shares at $17.25, Clico Investment Fund posted 211 shares and closed at $22.75, First Citizens Bank traded 150 shares to close at $35, FirstCaribbean International Bank traded 40 shares and closed at $5. Guardian Holdings ended at $13.03 with 913 units changing hands, National Flour closed with 24,000 shares changing hands at $2.75, One Caribbean Media ended with 12,190 units changing hands at $22. Sagicor Financial ended with 15,823 shares changing hands at $6.16, Trinidad and Tobago NGL traded 23,015 shares valued at $494,745, to close at $21.50 and West Indian Tobacco traded just 1,809 shares to close at $126.25.
Juniors up on low volume – Wednesday
Activity in the junior market declined on Wednesday from the higher levels seen over the last few trading session as 8 securities were active, ending with 1 stock advancing and 2 declining. Junior market index ended with an increase of 18.43 points to 1,641.58 with 1,378,773 units, valued at $4,830,892 changing hands.
At the close there was 1 security ending with no bid to buy and 6 securities had no stocks being offered for sale. A total of 4 stocks closed with bids higher than the last traded prices and 1 closed with a lower offer.
In trading, Access Financial ended with a gain of 39 cents at $14 with 1,500 shares trading, C2W Music had 2,200 shares trading at 39 cents, Caribbean Cream dropped 4 cents while trading 80,000 units to end at $3.38, Caribbean Producers traded 45,182 units as the price fell 30 cents to end at $5.30. KLE Group ended with 25,975 units trading at 75 cents, Lasco Distributors closed with 185,802 shares changing hands, at $4.30, Lasco Financial ended at $3, with 357,318 shares changing hands and Lasco Manufacturing lost 11 cents and closed at $3.51, with 680,796 shares trading.
Strong flows into FX market – Wednesday
The Jamaican foreign exchange market still remained strong on Wednesday, with more $40 million entering the market, but the rate of the Jamaican dollar slipped against the US dollar, the British pound and the Canadian dollar.
Dealers sold $5 million more foreign currency than they purchased on Wednesday. The equivalent of US$40,650,808 was purchased and US$45,415,068 sold, compared with US$43,508,060 they purchased and US$47,115,930 sold on Tuesday.
Demand for the US dollar , exceeded the amounts purchased by dealers by US$6 million with dealers buying US$36,006,397 compared to US$39,170,370 on Tuesday. The buying rate for the US dollar gained 16 cents to $119.64. A total of US$42,190,336 was sold versus US$44,984,754 on Tuesday, the selling rate moved up by 6 cents to $120.16. The Canadian dollar buying rate rose 80 cents to end at $86.69 with dealers buying C$1,959,978 and selling C$1,820,778, at an average rate that rose by 64 cents to $88.09. The rate for buying the British Pound climbed by $1.46 to $179.12 for the purchase of £2,083,411, while £1,131,287 was sold, with the rate gaining $1.26 to $180.27. At the end of trading, it took J$130.56 to purchase the Euro, an increase of 29 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.94 for a decline of 10 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$105,091 being bought, while US$192,701 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 3 cents to $120.43, the lowest buying and the highest selling rates remained at $98.70 and $126.47 respectively and lowest selling rate jumped $16.40 to $117. The highest buying rate for the Canadian dollar gained 25 cents to end at $88.60, the lowest buying rate ended 67 cents lower at $70.30, the highest selling rate fell 75 cents to $90.63 and the lowest selling rate climbed 50 cents to $84. The highest buying rate for the British Pound, rose $1.70 to end at $182. The lowest buying rate fell 91 cents to $144.09, while the highest selling rate lost $2.25 to end at $184.68 and the lowest selling rate rose $1.85 to $173.70.
Jamaican$ lost ground to US – Tuesday
The Jamaican foreign exchange market remained buoyant on Tuesday, with more $43 million entering the market, but the rate of the Jamaican dollar slipped moderately against the US dollar and the British pound, with the latest selling rate for the US rising to $120.10. The local currency made gains on the Canadian dollar.
Funds purchased by dealers were below the amounts sold by $3.6 million. The equivalent of US$43,508,060 was purchased and the equivalent of US$47,115,930 sold, compared with US$54,650,382 they purchased and US$55,741,013 sold on Monday.
Demand for the US dollar , exceeded the amounts purchased by dealers by US$4.8 million with dealers buying US$39,170,370 compared to US$51,011,470 on Monday. The buying rate for the US dollar fell 11 cents to $119.48. A total of US$44,984,754 was sold versus US$53,616,142 on Monday, the selling rate moved up by 7 cents to $120.10. The Canadian dollar buying rate rose 2 cents to end at $85.89 with dealers buying C$1,425,785 and selling C$747,774, at an average rate that declined by 73 cents to $87.45. The rate for buying the British Pound climbed by 83 cents to $177.66 for the purchase of £2,007,951, while £671,544 was sold, with the rate gaining 53 cents to $179.01. At the end of trading, it took J$130.27 to purchase the Euro, a fall of 43 cents from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.84 for a decline of 32 cents from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$327,015 being bought, while US$585,694 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose by 10 cents to $120.40, the lowest buying rate put on 4 cents to $98.70, the highest selling rate gained 5 cents to $126.47 and lowest selling rate jumped $1.94 to $100.60. The highest buying rate for the Canadian dollar dropped $1.15 to end at $88.35, the lowest buying rate ended 41 cents lower at $70.97, the highest selling rate fell 64 cents to $91.38 and the lowest selling rate jumped $10.66 to $83.50. The highest buying rate for the British Pound, fell $1.20 to end at $180.30. The lowest buying rate fell 25 cents to $145, while the highest selling rate lost 32 cents to end at $186.93 and the lowest selling rate declined by $2.15 to $171.85.
6 stocks rose on TTSE – Tuesday
At the close, the Composite Index ended with a rise 1.74 points to 1,164.11 the All T&T Index fell 1.44 points to 1,956.55 and the Cross Listed Index gained 0.68 points to 48.90.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bids higher than the last selling price and 5 stocks with offers that were lower.
Gains| Guardian Holdings gained 3 cents to end at $13.03 with 500 units changing hands, JMMB Group closed with 280,876 shares changing hands at 50 cents, after rising 3 cents, National Commercial Bank rose by 11 cents while trading 200,000 shares carrying a value of $422,000 at $2.11, for a 52 weeks’ high. Scotiabank ended with 18,025 shares with a value of $1,125,890 changing hands at $62.50 after climbing 50 cents, Sagicor Financial ended with 39,287 units changing hands, 1 cent up at $6.15 and Unilever closed with a rise of 2 cents with 300 shares changing hands at $68.20 for a 52 weeks’ high.
Declines| Agostini’s traded 1,000 shares at $17.25 with a fall of 74 cents to close at a 52 weeks’ low. Grace Kennedy dropped 14 cents while trading 14,201 units with a value of $512,143 at $3.61, Massy Holdings traded 555 shares and lost 27 cents in closing at $61.65 to a new 52 weeks’ low and Trinidad Cement traded 11,540 units and closed at $4.55 after losing 13 cents.
Firm Trades| Clico Investment Fund posted 537 shares and closed at $22.75, First Citizens Bank traded 516 shares to close at $35, National Enterprises closed with 1,830 shares changing hands at $16.39. National Flour closed with 2,800 shares changing hands at $2.75 and Trinidad and Tobago NGL traded 179,025 shares valued at $3,849,037, to close at $21.50.