C&W falls 9 cents to 85 cents in morning session

Cable and Wireless fell by a further 9 cents to 85 in early trading on Tuesday with 589,169 units. The stocks now has bid of 82 cents to buy 300,000 shares on the offer is 60,000 units at 85 cents. In the wider market JMMB Group traded 1,013,700 units at $10, National Commercial Bank traded 248,000 units at $32.50 down from the last traded price of $36 on Monday.
Radio Jamaica jumped to a new high of $5, Knutsford Express Services traded 5,780 shares at a new high of $7 and Lasco JSE int 3-11-15Manufacturing with 322,996 units closed at a new high of $4.the company’s results for the September quarter was released with rising to $497 million from $269 million in 2014. Scotia Group rose $1.51 with 760,907 units trading $28.50.
Trading resulted in 27 securities changing hands with a volume of 4,770,662 units as 15 stocks gained and 4 declined and a number of new all-time highs were reached with the Jamaica Stock exchange.
The Jamaica stock market after 90 minutes of trading, recorded gains in the indices. The All Jamaican Composite index gained 370.46 points to 147,056.49 JSE Market Index rose 331.50 points to 132,521.46 the JSE combined index climbed 629.28 points to be at 137,471.38 and the junior market index rose 35.42 points to its highest level of 1,383.19.

Jam$ gains against all on Monday

FX_USPound2 In foreign exchange trading on Monday, the Jamaican dollar gained against all the three major currencies it trades against. Inflows of foreign currencies into the system, increased slightly over Friday’s intake. At the close of trading, the equivalent of US$50,529,982 was bought by dealers, compared with US$44,956,234 on Friday, while they sold the equivalent of US$$49,583,967 versus US$47,742,798 previously.
In US dollar trading , dealers bought US$46,701,326 compared to US$40,384,483 on Friday. The buying rate for the US dollar fell 5 cents to $119.27 and US$47,603,305 was sold versus US$45,772,236 on Friday, the selling rate slipped 2 cents to end at $119.81. The Canadian dollar buying rate dropped $1.11 to $88.04, with dealers buying C$1,813,495 and selling C$842,800, at an average rate that declined 92 cents to $89.66. The rate for buying the FX sum 2-11-15British Pound slipped 72 cents to $181.19 for the purchase of £1,482,109, while £625,353 was sold, at an average rate that fell 27 cents to $182.31. At the end of trading, it took J$132.38 to purchase the Euro, a rise of $1.13 from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.83 for a gain of $1.16 from Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$238,337 being bought, while US$398,353 was sold.
Highs & Lows| On Monday, the highest buying rate for the US dollar, rose 10 cents to $120.10, the lowest buying rate fell 75 cents to FX hl 2-11-15$97.61, the highest selling rate rose 70 cents to end at $124.98 and lowest selling rate dropped 9 cents to end at $98.28. The highest buying rate for the Canadian dollar declined 90 cents to $91.10, the lowest buying rate rose 38 cents to end at $72.38, the highest selling rate jumped $5.56 to end at $98.76 and the lowest selling rate was unchanged at$86.50. The highest buying rate for the British Pound, climbed 40 cents to end at $185. The lowest buying rate fell $1.11 to $145.55, the highest selling rate climbed $1.42 to $189.14 and the lowest selling rate remained unchanged at $177.

JSE starts November positively

 NCB's new Constant Spring Rd. branch the company's stock last traded at $36 on Monday

NCB’s new Constant Spring Rd. branch the company’s stock last traded at $36 on Monday

Cable and Wireless lost further ground on Monday as it shed 35 cents to closed down to 95 cents having traded just 1.46 million units as some selling continues for the stock, but National Commercial Bank hit a new 52 weeks’ high of $36 rising $3.50 in the process.
A total of 37 securities traded leading to 6,392,200 units valued at $48,320,406 hanging hands, in all market segments. A total of 21 securities rose and 10 declined with 6 stocks ended at 52 weeks’ closing highs and 2 at an intraday 52 weeks’ high.
The JSE Market Index shot up 905.92 points to 132,189.96, the all Jamaica Composite Index gained 1,012.42 points to end at 146,686.03. JSE combined index and climbed 1,059.06, points to end at 136,842.10. All Three indices are at new closing highs.
IC bid-offer Indicator At the end of trading, in the main and junior markets, the <strong> Investor’s Choice bid-offer indicator had a reading of 12 stocks with bids higher than their last selling prices and one with an offer that was lower.
In trading, Barita Investments ended at a 52 weeks’ closing high, of $2.90 as the price gained 15 cents while 50,000 shares were traded, the stock closed with the bid at $3 to buy 60,000 shares, no stocks were offered at the close. JSE sum 2-11-15Cable and Wireless continued under selling pressure and closed with a loss of 36 cents, with 1,456,839 shares changing hands to end at 94 cents. Trading in the stock was between 94 cents and $1.20 and it closed with a bid at 85 cents, to buy 57,000 shares. On the offer were 800,562 shares at 94 cents. By the close the number of offers increased dramatically and now total 36, ranging up to $3.10, for a total of 9.5 million units down from 10,689,005 units on Friday. Caribbean Cement rose 27 cents to end at $18, with 27,310 shares changing hands. Carreras ended with 5,212 shares trading at $53.05, Desnoes & Geddes had 53,472 units changing hands, to close at $30, Gleaner Company traded 948,928 shares to end at $1.90, Jamaica Broilers traded 145,457 shares to close at $9 as the price gained 12 cents. Jamaica Stock Exchange closed with 56,824 shares trading to end
at $11, JMMB Group traded 172,798 shares to close with a rise of 34 cents to end at $9.85. Kingston Wharves traded 13,193 units to close at $10.60 for a new 52 weeks’ high, Mayberry Investments rose 2 cents to end at $4.02, by trading 38,701 shares. National Commercial Bank with 14,604 shares changing hands jumped $3.50 to end at $36, for a new 52 weeks’ high. JSE Fn Qts 2-11-15Pan Jamaican traded 9,124 shares to end $4.88 cents higher, at $85, Radio Jamaica closed at a new 52 weeks’ high of $4.50 to gain 50 cents in trading 31,200 shares. Sagicor Group fell 15 cents with 102,492 shares trading, to close at $14.51, Sagicor Real Estate Fund traded 69,495 units, the price closed down 60 cents at $11, Scotia Group ended with 11,923 shares changing hands and closed at $26.17, after falling by 81 cents. Scotia Investments gained 50 cents to close at $28 as 936,435 units traded, Supreme Ventures ended at $4.20 with 581,769 units changing hands and Proven Investments ordinary share, closed with a fall of 0.9 US cents, with 24,650 units traded, to end at 23 US cents.

Another record close for juniors – Monday

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Honey Bun closed at a 52 weeks' high of $5.10

Honey Bun closed at a 52 weeks’ high of $5.10

The junior market enjoyed wide spread trading as 13 securities were active and the market index rose 22.82 points to end at a new all-time closing of 1,347.77. A total of 1,520,187 units, valued at $5,119,713 changed hands as 7 stocks advanced and 5 declined.
The market ended with 3 stocks closing at new 52 weeks’ high and one at an intraday high, while 3 securities ended with no bids to buy and 9 had no stocks being offered for sale. A total of 6 stocks closed with bids higher than the last traded prices and one closed with a lower offer.
In trading, AMG Packaging closed at $4.85 after trading at $5 with 83,316 units changing hands. The company reported big increase in profits after trading closed on Friday with earnings for the full year to August being 78 cents per share, up from 45 cents in 2014, Caribbean Cream with 188,800 shares changing hands ended at $3.40 but traded at an intraday high of $3.60. Caribbean Flavours gained 36 cents while trading 11,806 units to end at $4.40, Caribbean Producers traded 33,704 units for a loss of 11 cents to end at $2.90. Consolidated Bakeries traded 71,000 shares, to end at $1.90 with a loss of 10 cents, Dolphin Cove fell 1 cent to end at $12.99, with only 850 units changing hands. JM - Trade Sheet-11-15.General Accident ended with 31,129 shares changing hands, in closing at $2, after rising 30 cents, Honey Bun traded 1,070 shares at $5.10, for a new 52 weeks’ high, with a gain of 10 cents. Jamaican Teas had 75,615 shares trading to close at $3.90 after rising 48 cents, Lasco Distributors with 153,661 shares changing hands and closed with a gain of 10 cents at $3.20. Lasco Financial closed with a 10 cents decline at $2.30 after trading earlier at $2.50, after 105,409 shares changed hands. Lasco Manufacturing traded 250,635 shares to end with a decline of 3 cents to $3.40 and Medical Disposables ended with 514,192 units changing hands to end with a gain of 50 cents to a new all-time high of $3.50.

TCL closes at new high on TTSE

TCL 9-15 Trading fell back to levels more in line with what has been happing in the market for most of 2015 on the Trinidad and Tobago Stock Exchange on Monday and ended with 9 securities trading. 3 stocks closing higher, 2 declining and 12 remaining unchanged as 511,994 shares changing hands for a value of $7,109,116. Two stocks closed at new 52 weeks’ high.
At the close the Composite Index ending with a gain of 0.16 points at 1,149.07 the All T&T Index advanced by 0.06 points to 1,951.66 and the Cross Listed Index rose 0.04 points to 45.46.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
Gains| Scotia Investments had 19,300 units trading higher by 4 cents to close at $1.65, Trinidad Cement closed 10 cents higher at a new 52 weeks’ high of $3.60, with 14,171 shares changing hands and Unilever Caribbean ended with 500 shares trading 1 cent up, for a new 52 weeks’ high of $67.41.
Declines| Trinidad and Tobago NGL slipped 20 cents in trading to close at $22.74 with 13,557 units. The stock remains under pressure with the bid on the stock closing at $22 to buy 293 shares with 89,620 units on offer at $22.75.
TTSE 2-11-15 Firm Trades| Ansa McAl with 21 shares changing hands closed at $67.03. Clico Investment Fund closed with 276,408 shares valued at $6,223,560, changing hands to end at $22.51, First Citizens Bank traded 2,031 shares and closed at $35. Guardian Holdings closed with 1,530 shares changing hands at $12.80, National Flour Mills with 185,806 shares valued at $366,038 changing hands for a value of $887,000, fell 4 cents in closing at $1.96 and Republic Bank traded 200 shares and closed at $112.

Jam$ falls again on Friday

US$ bungle Inflows of foreign currencies into the system on Friday increased sharply over that on Thursday but the Jamaican dollar continued to lose ground against the US and Canadian dollars and the Pound sterling. At the close of trading, the equivalent of US$44,956,234 was bought by dealers, compared with US$28,233,428 on Thursday, while they sold the equivalent of US$47,742,798 versus US$39,641,899 on the previous trading day.
In US dollar trading , dealers bought US$40,384,483 compared to US$25,490,364 on Thursday. The buying rate for the US dollar rose 14 cents to $119.32 and US$45,772,236 was sold versus US$37,287,671 on Thursday, the selling rate rose 9 cents to end at $119.83. FX trade sum 30-10-15The Canadian dollar buying rate climbed 52 cents to end at $89.15, with dealers buying C$1,678,847 and selling C$1,291,495, at an average rate that rose 6 cents to $90.58. The rate for buying the British Pound jumped $3.19 to $181.91 for the purchase of £2,019,573, while £579,503 was sold, at an average rate that climbed 71 cents to $182.58. At the end of trading, it took J$131.24 to purchase the Euro, a fall of $1.22 from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.66 for a gain of $1.11 from Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$238,281 being bought, while US$111,375 was sold.
Highs & Lows| On Friday, the highest buying rate for the US dollar, was unchanged at $120, the lowest buying rate rose 8 cents to $98.36, the highest selling rate lost $1.66 to end at $124.28 and lowest selling rate dropped $2.23 to end at $98.37.FX H&L 30-10-15 The highest buying rate for the Canadian dollar climbed 50 cents to $92, the lowest buying rate rose 4 cents to end at $72, the highest selling rate fell $1.10 to end at $93.20 and the lowest selling rate climbed 50 cents to $86.50. The highest buying rate for the British Pound, climbed $1.40 to end at $184.60. The lowest buying rate fell 42 cents to $146.66 the highest selling rate slipped $1.87 to $187.73 and the lowest selling rate remained unchanged at $177.

Junior at new record close on Friday

Consolidated Bakeries with their Purity brand closed at a new 52 weeks' high on Friday

Consolidated Bakeries with their Purity brand closed at a new 52 weeks’ high on Friday

The junior market enjoyed wide spread trading as 14 securities were active and the market index rose 13.41 points to end at a new all-time closing of 1,324.96. A total of 4,209,966 units, valued at $13,863,050 changed hands, as 5 stocks advanced and 5 declined.
The market ended with 2 stocks closing at a 52 weeks’ high while 3 securities ended with no bids to buy and 7 had no stocks being offered for sale. A total of 7 stocks closed with bids higher than the last traded prices and none closed with a lower offer.
In trading, AMG Packaging closed at $4.80 with 11,653 units changing hands, the company reported big increase in profits after trading closed, with earnings for the full year to August of 78 cents per share, up from 45 cents in 2014. Blue Power had 12,850 shares changing hands at $13, Caribbean Cream with 733,032 shares changing hands ended at $3.40, Caribbean Flavours gained 6 cents while trading 68,950 units at $4.06, Caribbean Producers traded 51,000 units for a loss of 9 cents to end at $3.01. Consolidated Bakeries traded 417,000 shares, to end at $2 with a gain of 10 cents, for a 52 weeks’ high. Derrimon Trading had 71,260 units trading at $2.80 at the close with a loss of 20 cents, Dolphin Cove recovered from the big loss on Wednesday, to end at $13, with a gain of $1.40 on Friday, as 130,300 units changed hands.JM - Trade sht 30-10-15
General Accident ended with 65,155 shares changing hands at $1.70 after falling 20 cents, Knutsford Express traded 778 shares at $6.50. Lasco Distributors with 924,890 shares changing hands and closed with a loss of 30 cents to $3.10. Lasco Financial closed with a 15 cents decline at $2.40 after trading earlier at $2.60. A total of 597,056 shares changed hands, Lasco Manufacturing traded 804,759 shares to end with an increase of 3 cents to $3.43, Medical Disposables ended with 331,133 units changing hands to end with a gain of 50 cents to a new all-time high of $3 and Derrimon Trading 11.75% preference share had just 3,000 units changing hands at $2.20.

11 junior stocks rose 2 down

Dolphin Cove share recover some of Wednesday's losses.

Dolphin Cove share recover some of Wednesday’s losses.

The junior market enjoyed wide spread trading as 16 securities were active but the market index rose 23.19 points to close at 1,311.54. A total of 1,859,693 units, valued at $6,149,063 changed hands as 11 stocks advanced and 2 declined.
The market ended with 1 stock closing at a 52 weeks’ high while 3 securities ended with no bids to buy and 7 had no stocks being offered for sale. A total of 3 stocks closed with bids higher than the last traded prices and none closed with a lower offer.
In trading, AMG Packaging lost 9 cents to close at $4.80 with 51,861 units changing hands, Blue Power had 12,850 shares changing hands at $13, Cargo Handlers closed at a new 52 weeks’ high of 33 with 9,000 shares while adding $1. Caribbean Cream rose 20 cents and closed at $3.40 with 304,730 shares changing hands. Caribbean Producers traded 18,000 units for a gain of 2 cents to end at $3.10, Consolidated Bakeries traded 256,212 shares to end at $1.90 with a gain of 25 cents, for a 52 weeks’ high, Dolphin Cove recovered from the big loss on Wednesday, to gain $1.60, with 51,015 units changing hands, to end at $11.60. JM - Trade sht 29-10-15General Accident ended with 30,000 shares changing hands at $1.90, Honey Bun traded 19,052 shares at $5 to gain 82 cents, Jamaican Teas had 22,043 shares trading for 2 cents more at $3,42, KLE Group traded down 1 cent at 44 cents with 29,000 units, Knutsford traded 222 shares and gained 30 cents to a new all-time high of $6.50. Lasco Distributors with 486,615 shares changing hands, closed with a gain of 35 cents for a closing 52 weeks’ high of $3.41, after the price hit $3.45, during trading. Lasco Financial closed with a 15 cents gain to $2.60 after trading earlier at $2.67, a total of 307,061 shares changed hands, Lasco Manufacturing traded 162,035 shares to end with an increase of 15 cents to $3.40 and Medical Disposables ended with 99,997 units changing hands to end at $2.50.

Jam $ lost value all round Wednesday

100bill The local currency lost value against the US dollar, the Pound sterling and Canadian dollar on Wednesday. At the close of trading, the equivalent of US$34,040,455 was bought by dealers, compared with US$32,817,588 on Tuesday, while they sold the equivalent of US$41,709,262 versus US$40,013,573 on the previous trading day.
In US dollar trading , dealers bought US$31,509,182 compared to US$29,941,222 on Tuesday. The buying rate for the US dollar fell 10 cents to $119.06 and US$40,398,527 was sold versus US$38,224,150 on Tuesday, the selling rate rose 7 cents to end at $119.71. FX trade sum 28-10-15The Canadian dollar buying rate fell 19 cents to end at $87.32, with dealers buying C$862,611 and selling C$599,125, at an average rate that rose 4 cents to $89.64. The rate for buying the British Pound increased by 45 cents to $180.70 for the purchase of £1,197,625, while £513,151 was sold, at an average rate that climbed 18 cents to $181.72. At the end of trading, it took J$132.20 to purchase the Euro, a rise of 2 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.69 for a gain of 13 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$81,011 being bought, while US$83,138 was sold.
Highs & Lows| On Wednesday, the highest buying rate for the US dollar, the lowest buying and the highest selling rates remained unchanged at $119.90, $98.28 and $125.94 respectively and lowest selling rate fell $3.89 to end at $98.28. FX H&L 28-10-15 The highest buying rate for the Canadian dollar climbed 85 cents to $91.10, the lowest buying rate dropped 25 cents to $71.96, the highest selling rate rose $1.30 to end at $94.39 and the lowest selling rate dipped 50 cents, to $84. The highest buying rate for the British Pound, climbed 20 cents to end at $183.35. The lowest buying rate fell 42 cents to $147.49, the highest selling rate fell $2.99 to $187.47 and the lowest selling rate rose $1.80 to end at $175.

Access sheds 22% in 2 days

Access fell 22% in 2 days to $10.50

Access fell 22% in 2 days to $10.50

Access Financial shed 22 percent in value in just two days as one investor speedily offloaded 228,000 shares between today and Tuesday. The junior market enjoyed wide spread trading as 13 securities were active but the market index fell 8.06 points to close at 1,288.35.
A total of 3,241,986 units, valued at $12,588,381 changed hands as 3 stocks advanced and 8 declined. The market ended with 1 stock closing at a 52 weeks’ high while 3 securities ended with no bids to buy and 6 had no stocks being offered for sale. A total of 5 stocks closed with bids higher than the last traded prices and none closed with a lower offer.
In trading, Access Financial closed with a loss of $2 to $10.50 with 170,271 units changing hands, AMG Packaging lost 1 cent to close at $4.99 with 200 units changing hands, Caribbean Cream fell 15 cents and closed at $3.20 with 19,195 shares changing hands. Caribbean Flavours closed at $4 with 145,904 shares changing hands, Caribbean Producers traded 557,978 units for a loss of 2 cents to end at $3.08, Consolidated Bakeries traded 17,444 shares to end at $1.65, Derrimon Trading ended with 1,400 shares changing hands at a 52 weeks’ high of $3. Dolphin Cove lost $1.20 with 295,515 units changing hands to end at $10, after trading, the company reported a 4 percent increase in profit after tax for the nine months to September, of $412 million over the outturn for the 2014 and a 17 percent increase in the September quarter, to $128 million. JM - Trade sht 28-10-15 General Accident ended with 400,882 shares changing hands and fell 15 cents to $1.90, Lasco Distributors with 442,302 shares changing hands, closed 5 cents higher at $3.06 after hitting $3.40 during trading. Lasco Financial lost ground with results that were flat, but with promise of improvement later, fell 18 cents to $2.45, after trading earlier at $2.65, with 841,230 shares changing hands, Lasco Manufacturing traded 270,065 shares to end at $3.25 while gaining 14 cents and Medical Disposables ended with 80,000 units changing hands for 5 cents lower to end at $2.50.

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