Access wanted

July 3, 2015 by

Access demanded on Friday at $11.50 for 100,000 shares

Access demanded on Friday at $11.50 for 100,000 shares

Activity closed with only 6 securities trading the same number as Thursday and ended with even less than 44,694 units changing hands, at the final day of the week only 33,681 traded valued at $139,654 compared to a mere $104,551 on Thursday. The JSE Junior Market Index declined 21.85 points close at 869.45 and is now down 7.3 percent from the high in June. The market ended with the prices of 3 stocks declining.
At the close, the junior market was showing improved sentiments with 8 stocks having bids higher than their last selling prices, 3 with lower offers, compared to 6 to 7 on Thursday and 4 securities closing with no bids to buy while 5 had no stocks being offered for sale. Access Financial Services closed with the bid above the last selling price with 131,000 units posted by three brokers on the bid to buy above the last traded price of $11.10. Offers in the market amounts to 8,360 units for sale between $15.50 and $18.50.
JM 3-7-15Stocks trading in the junior market are, Blue Power traded just 1,600 units unchanged at $9.50, Caribbean Cream traded 1,988 units on offer at $1.60, the offer at the close is at $1.60 to sell 62,805 units and the closest bid to buy, is for 126,643 units, well below, at $1.25. Lasco Distributors traded 9,365 shares at $1.65, just 5 cents lower than when it last traded, Lasco Financial Services traded only 2,128 shares and lost 8 cents to end at $1.76 and Lasco Manufacturing had 2,000 shares changing hands 16 cents lower at $1.20 and Paramount Trading ended with 16,600 shares unchanged at $6.

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

Sharp JSE drop but 4 new highs

July 3, 2015 by

Scotia pushes market down on Friday

Scotia pushes market down on Friday

Prices on the Jamaica Stock Exchange continued to reflect an almost even number of up and down movements in prices as the main market hoovers around support level which it has been at for a large part of June. A fall in the price of Scotia Group contributed to a sharp decline in the main market on Friday but the market closed looking stronger than at the ended on Thursday.
Trading concluded with 8 stocks rising, 8 declining as 22 securities changed hands, ended in 3,083,351 units trading, valued at $32,242,560 and 4 stocks closed at 52 weeks’ high in all market segments. Overall activity resulted in JSE Market Index declining 976.49 points to 98,050.05. The JSE All Jamaican Composite index lost 1,091.46 points to close at 108,532.55 and the JSE combined index fell 1,118.74 points to end at 100,321.85.
JSE sum 3-7-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator was showing improved reading over Thursday’s close, with 12 stocks with bids higher than their last selling prices and 6 with offers that were lower, in contrast 13 to 13 at the close on Thursday.
in trading, Cable & Wireless had 424,500 units changing hands at 46 cents but closed with an offer to sell 500,000 units at 45 cents, Caribbean Cement had 96,288 units trading at $5.60 after adding 10 cents,Gleaner traded at a new 52 weeks’ high of $1.53 for a 3 cents gain, after trading 10,000 shares, with the stock rising 53 percent since mid-June. Jamaica Broilers had 48,938 shares changing hands at $5.75, National Commercial Bank in JSE fn-Qts 3-7-15trading 2,970 shares, closed with a fall of 80 cents at $29.10, Pulse Investments closed at a new 52 weeks’ high of 80 cents with 63,000 shares trading, to gain 10 cents. Sagicor Group ended with 682,573 shares trading, at a new closing 52 weeks’ high of $13.50, Scotia Group traded at $23.21, a fall $1.44 from Thursday’s close, with 812,616 shares and Supreme Ventures closed at $4 a new 52 weeks’ closing high, with 96,275 shares trading and Jamaica Money Market Brokers 8.75% preference share traded 798,388 units, but lost 1 cent to end at $2.99.

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

Scotia Group pushes Indices down

July 3, 2015 by

At mid-day Scotia Group fell back to $23.21 from $34.50 at the close on Thursday, to be the main contributor to the morning fall in the market on Friday. Trading on the Jamaica Stock Exchange continued with 19 securities traded, 6 stocks rose and 8 declined. A JSE Intra trd 3-07-15total volume of just over 2,166,651 shares have changed hands at mid-day.
The all Jamaican Composite index dropped 1,254.12 points to 108,369.89 points, JSE Combined Index declined 1,099.60 points to 100,340.99, JSE Index trades at 97,904.53 points after shedding 1,122.01 points and Junior Market Index fell to 886.69, down by 4.61 points.
The most noticeable trades so far are, Cable & Wireless trading 412,500 units at 46 cents, Gleaner traded at a new 52 weeks’ high of $1.53 after trading 10,000 shares, with the stock rising 53 percent since June 16. Pulse at a new 52 weeks’ high of 75 cents with 55,000 shares trading, Sagicor Group with 507,673 shares at $13, Scotia Group that traded at $23.21, a fall $1.44 with 812,616 shares, and Supreme Ventures at $4 a new 52 weeks’ high, with 96,275 shares trading.

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

4 stocks rose on TTSE

July 2, 2015 by
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TTSEDailyTRading280x150 Trading on the Trinidad & Tobago Stock Exchange picked up a bit on Thursday with 15 securities changing hands of which 4 advanced, 3 declined, 8 traded firm, with a total of 378,246 units valued at $3,700,929 changing hands, more than twice Wednesday’s volume of 150,955 shares.
At the close of the market, the Composite Index declined by 2.31 points to close at 1,159.67, the All T&T Index lost 0.68 points to 1,969.93 and the Cross Listed Index fell 0.53 point at 45.84.
Gains| In trading, ANSA Merchant Bank ended with 1,000 shares changing hands at $38.95, to gain 4 cents, CLICO Investment Fund ended with 28,320 units changing hands, valued at $640,315 and closed 1 cent higher at $22.61. Grace Kennedy added 21,385 shares, 10 cents higher at $3.60 and Massy Holdings trading 88 shares to close at $64.30 and gained 1 cent.
Declines| Guardian Holdings had 7,475 units changing hands with a loss of 7 cents to end at $13.93, National Commercial Bank traded 12,862 shares and fell 9 cents to close at $1.70 and One Caribbean Media ended trading with 2,124 shares at $22 after shedding 40 cents, to close at a 52 weeks’ low.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings trading 6,749 units at $13.90, Firstcaribbean International Bank with 54,375 shares trading, valued at $271,875 and closed at $5. TTSE 2-7-15First Citizens Bank ended trading with 51,376 shares carrying a value of $1,836,692, to close at $35.75, National Flour Mills with 8,890 shares changing hands and ending at $2.05, Point Lisas Industrial Port traded at $3.95, with 4,500 units changing hands. Republic Bank closed with only 25 shares being purchased at $115, Sagicor Financial closing with 1,700 shares to end at $6.27 and Trinidad Cement traded 177,377 shares valued at $514,393 and closed at $2.90.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.

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

Scotia Group pushes Indices

July 2, 2015 by

After 90 minutes of trading on the Jamaica Stock Exchange, 15 securities traded JSE Intra trd 2-07-15.xlsxwith 3 stocks rising and 4 declining. A total volume of just over 442,125 shares have changed hands.
The all Jamaican Composite index inched up 401.21 to 109,707.08 points, JSE Combined Index put on 335.46 to reach 101,269.39 points, JSE Index is now at 99,100.86 points after adding 358.94 points and Junior Market Index fell to 895.87, down by 0.32 points.
The most noticeable trades so far are, Scotia Group that traded at $24.95 to gain 44 cents with 106,700 shares, Cable & Wireless traded 243,298 units at 46 cents, Pan Jamaican shed 40 cents to $61.10 with 22,520 shares trading and Gleaner traded at a new 52 weeks’ high of $1.50.

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

JSE off to big July start

July 1, 2015 by

Scotia rose to $24.50 during trading to help push market on Wednesday

Scotia rose to $24.50 during trading to help push market on Wednesday

Activity on the Jamaica Stock Exchange ended commenced the start of July with strong showing as Scotia Group climbed $1.25 to help push the main indices strongly upwards and pushing one time in trading the All Jamaica Composite index over 2,000 points.
Trading ended with 12 stocks rising, 7 declining as 29 securities changed hands and ending in 12,250,815 units trading, valued at $88,380,669 and 3 stocks closed at 52 weeks’ high in all market segments. The main market closed with 6 stocks advancing to 3 falling.
The JSE Market Index declined 1,470.77 points to 98,741.92 the JSE All Jamaican Composite index gained 1,643.93 points to close at 109,305.87 but JSE sum 1-7-15the JSE combined index rose 1,218.10 points to end at 101,216.67 thanks to gains in the junior market offsetting declines in the main market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator was showing a poor reading of only 6 stocks with bids higher than their last selling prices and 7 with offers that were lower, a deterioration over the ratio of 10 to 6 on Tuesday.
In trading, Cable & Wireless had 278,936 units changing hands to close 1 cent higher at 46 cents. Caribbean Cement had only 3,410 units trading at $5.70 after shedding 30 cents, Carreras lost 79 cents in trading just 27,687 shares to close at $48.21. Desnoes and Geddes traded at $7.55 with 42,504 shares, Gleaner ended with 13,000 shares changing hands to gain 8 cents, for a 52 weeks’ high of $1.48, Grace Kennedy gained 50 cents to reach $64 while 132,737 shares changed hands. Kingston Wharves traded just 1,000 shares and shed 55 cents in closing at $6.60, JSE fn-Qts 1-7-15National Commercial Bank in trading 25,835 shares, to close unchanged at $29.04, Pan Jamaican Investment had 21,147 shares changing hands at $61.50, Pulse Investments traded at a new 52 weeks’ high of 70 cents after adding 15 cents with 9,000 shares trading. Proven Investments ended with 366,320 ordinary shares trading at 21.2 US cents, up from US$21, Sagicor Group gained just 1 cent with 147,788 units trading, to end at $13.01 after trading as high as $14.50, a new 52 weeks’ high and Scotia Group that traded 10,505 shares to close at $24.50 after trading at $25 and as low as $23.25 to gain $1.25.

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

Paramount Trading’s big trade

July 1, 2015 by

Paramount_building Paramount Trading dominated the junior market with 10,549,936 shares changing hands at $6. Activity closed with 9 securities trading and ended with 11,106,761 units changing hands valued at $64,567,505. The JSE Junior Market Index declined 18.58 points close at 896.19. The market ended with the prices of 4 stocks advancing, 5 declining with 2 closing at 52 weeks’ high and 1 at a new low.
At the close of the junior market was flashing weak signals for Wednesday with 3 stocks having bids higher than their last selling prices, 4 with lower offers and 4 securities closing with no bids to buy while only 3 had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial Services closing with 28,700 shares gained 8 cents to close at $11.10, Blue Power ending with 8,901 units changing hands to close at $9.50, Caribbean Flavours trading 2,000 shares to close at $2.53 after losing 2 cents. Caribbean Producers traded 2,000 shares at $2.80, Dolphin Cove trading only 1,250 units at $12 for a loss of $1,JM - 1-7-15 at the close Lasco Distributors sold 304,274 shares and gained cents 1 cents at $1.70. Lasco Financial Services traded 69,700 shares and lost 13 cents to end at $1.80, Lasco Manufacturing had 140,000 shares changing hands at $1.36 and lost 9 cents at the end.
Caribbean Cream did not trade but remained under pressure closing with 75,800 units on offer at $1.55, 5 cents below the last traded price with the bid at $1.25, to buy 126,643 units, while offers are at $160, $1.70 up to $2.

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

Cargo Handlers keep on sailing away

June 30, 2015 by

CAR H 2015-06-26 Activity on the Junior Market was moderate and closed with 11 securities trading and ended with only 347,331 units changing hands valued at $1,016,457. The JSE Junior Market Index advanced 15.05 points close at 914.77. The market ended with the prices of 4 stocks advancing, 5 declining with Cargo Handlers closing at 52 weeks’ high.
At the close of the junior market was flashing weak signals for Wednesday with 4 stocks having bids higher than their last selling prices, 5 with lower offers and 5 securities closing with no bids to buy while only 3 had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial Services closing with 5,951 shares trading 2 cents up at $11.02, AMG Packaging ending with just 200 units changing hands to close 1 cent lower at $3.19 but had an offer at $3.15 at the end to sell 27,775 shares. Cargo Handlers recorded yet another all-time high in trading 9,342 units $1.50 higher to close at $30, Caribbean Cream traded 1,000 units at $1.60, Caribbean Flavours trading 16,581 shares to close at $2.53 after losing 2 cents, JM 30-6-15Caribbean Producers traded 5,000 shares and lost 20 cents to $2.80, Dolphin Cove trading only 811 units at $13 for a new high, after gaining 40 cents. At the close Knutsford Express sold 920 shares at $6.10. Lasco Financial Services traded 218,100 shares and gained 12 cents to end at $1.93, Lasco Manufacturing had 26,937 shares changing hands at $1.45 to again 14 cents at the end, Medical Disposables ended at $2.25 with 10,000 shares changing hands with a loss of 5 cents and Derrimon Trading 11.75% preference share closed with a 10 cents loss at $2.40.

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

J$ 1 cent from $117 to US$1 Monday

June 29, 2015 by

J$1000front Monday’s trading in foreign currencies in Jamaican came down from the lofty heights of Friday’s trading as foreign exchange dealers bought the equivalent of US$44,006,677, in contrast to US$109,789,460 on Friday, while they sold the equivalent of US$45,314,596 versus US$86,467,457 previously.
In US dollar trading, dealers bought US$40,659,188 compared to US$104,883,104 on Friday. The buying rate for the US dollar declined 43 cents to $116.29 and US$42,723,695 was sold versus US$83,731,477 on Friday, the selling rate rose 7 cents to $116.99. The Canadian dollar buying rate fell $1.38 to $91.98 with dealers buying C$1,474,785 and selling C$633,071, at an average rate that declined 14 cents to $94.30. FX sum 29-6-15The rate for buying the British Pound lost $1.58 cents to $180.26 for the purchase of £1,100,105, while £825,122 was sold, at an average rate that climbed 17 cents to $183.88. At the end of trading, it took J$130.26 to purchase the Euro, 57 cents less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.08 for 4 cents less than Friday’s rate. Other currencies bought, amounted to the equivalent of US$475,673, while the equivalent of US$783,772 was sold.
Highs & Lows| The highest buying rate for the US dollar dipped 3 cents to $117.07, the lowest buying rate and the highest selling rates remained at $$95.61 and $122.52, respectively while the lowest selling rate dropped $17.69 to $95.61. The highest buying rate for the Canadian dollar moved down 30 cents to $94.30, the lowest buying rate gained 4 cents at $74.99. FX hl 29-6-15The highest selling rate rose $1.55 to $98.10 and the lowest selling rate lost $1.45 to $90.35. The highest buying rate for the British Pound, fell 65 cents to $184.35, the lowest buying rate put on 8 cents to $147.82, with the highest selling rate rising $2.57 to $190.57 and the lowest selling rate climbed $1.60 to $178.10.

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

Paramount a new high of $6

June 29, 2015 by

Paramount traded at a new all-time high of $6.

Paramount traded at a new all-time high of $6.

Activity on the Junior Market was moderate and closed with 7 securities trading and ended with only 116,204 units changing hands valued at $443,370. The JSE Junior Market Index advanced 0.18 points close at 899.72. The market ended with the prices of 5 stocks advancing, 2 declining with 2 closing at 52 weeks’ high and 1 at a new low.
At the close of the market, there were 3 stocks with bids higher than their last selling prices, 4 with lower offers and 4 securities closing with no bids to buy and 8 that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial Services closing with 21,233 shares trading $1 lower, at $11, Caribbean Flavours trading 20,496 shares to close at $2.55, Dolphin Cove trading only 811 units at $13 for a new high, after gaining 40 cents. JM 29-6-15KLE with a small volume of 1,364 shares, lost 5 cents to close at 65 cents, the lowest price it has traded at to date. At the close KLE was offered for sale at 60 cents and had no bids posted to buy. Lasco Distributors traded 47,500 shares and gained 4 cents to end at $1.69, Lasco Financial Services 19,800 shares at $1.81 after losing 12 cents and Paramount Trading closing at a new 52 weeks high of $6, after adding 89 cents. Caribbean Cream did not traded but closed with an offer to sell 30,000 units at $1.55 with the last price the stock traded at being $1.60, the bid is someway off at $1.25.

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