Another large sell off of US$

Dealers sold off a net of US$24 million on Thursday, with purchases of all currencies by dealers amounting to US$28,077,038 equivalent, compared with US$37,292,575, on Wednesday and selling of the equivalent of US$52,045,055 versus US$38,096,238 on the previous trading day.
Thursday’s sale is the second day for the week that dealers offloaded much more than they purchased, with net selling of $28.5 million on Tuesday.
FX sum 26-3-15 In US dollar trading, dealers bought US$25,814,004 compared to US$35,114,776 on Wednesday. The buying rate for the US dollar slipped 10 cents to $114.51 and US$50,855,849 was sold versus US$36,632,413 on Wednesday, the selling rate edged up 1 cent to end at $115.11. The Canadian dollar buying rate rose 39 cents to $90.17 with dealers buying C$1,066,606 and selling C$586,764, at an average rate that fell 14 cents to $91.93. The rate for buying the British Pound declined 57 cents to $168.74 for the purchase of £878,391, while £380,175 was sold, at an average rate of $171.39, for an 81 cents increase. At the end of trading it took J$126.47 to purchase the Euro, 90 cents more than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$124.04 for a rise of 87 cents on Wednesday’s rate. Other currencies bought, amounted to the equivalent of US$128,765 while the equivalent of US$154,544, was sold.
FX hl 26-3-15Highs & Lows| The highest buying rate for the US dollar, fell 5 cents to $115.35. The lowest buying and the highest selling rates remained at $93.94 and $120.37 respectively and the lowest selling fell $1.85 to $93.94. The highest buying rate for the Canadian dollar dropped 50 cents to $92.70, the lowest buying rate remained at $72.46, but the highest selling rate rose 28 cents to $94.56 and the lowest selling rate climbed $2.10 to $89.40. The highest buying rate for the British Pound, gained 70 cents to $172, the lowest buying rate remained unchanged at $137.20 but highest selling rate climbed $1.73 to $176.87, while the lowest selling rate gained $1.40 to $166.70.

6 TTSE stocks down 3 up

Trading on the Trinidad Stock Exchange ended with 11 securities changing hands of which 3 advanced, 6 declined and 2 traded firm with a total of 149,963 units, valued at $5,020,193.
At the close of the market, the Composite Index rose 0.04 points to close at 1,154.86, the All T&T Index fell by just 0.25 points to close at 1,972.38 and the Cross Listed Index increased by a mere 0.05 points to end at 44.23.
TTSE sum 26-3-15 Gains| Stocks increasing in price at the close are, First Citizens Bank that added 11,480 shares valued at $405,721 as the price inched up 2 cents to $35.35. Sagicor Financial Corporation traded 2,500 shares and gained 5 cents to end at $5.55 and West Indian Tobacco in contributing 18,144 shares with a value of $2,269,089, gained 1 cent, to end at $125.06 for a 52 weeks’ high.
Declines| The stocks declining at the end of trading are, Agostini’s suffering a loss of 9 cents, closing at $17.29 while trading 14 shares. Angostura Holdings trading 350 units to close at $14, Guardian Holdings contributing 1,000 shares and closing unchanged at $ 14.50, Massy Holdings with 27,655 shares trading for $1,742,309, lost a cent to end at $63, National Commercial Bank with 10,942 shares ending at $1.56 and Republic Bank with 474 shares traded lost 6 cents in ending at $117.93.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund traded 14,825 shares valued at $333,565 and remained at $22.50 and Trinidad Cement with 63,029 shares changing hands for a value of $163,727 as it traded at $2.60
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.

Buying & selling even on Wednesday

The buying and selling of foreign currencies in the system, were evenly matched purchases of all currencies by dealers amounting to US$37,292,575 equivalent, compared with US$38,377,465, on Tuesday and selling of the equivalent of US$38,096,238 versus US$66,929,309 on the previous trading day.
FX sum 25-3-15In US dollar trading, dealers bought US$35,114,776 compared to US$34,755,724 on Tuesday. The buying rate for the US dollar slipped 4 cents to $114.61 and US$36,632,413 was sold versus US$64,588,710 on Tuesday, the selling rate fell 3 cents to end at $115.10. The Canadian dollar buying rate rose 13 cents to $89.78 with dealers buying C$775,340 and selling C$542,317, at an average rate that climbed 18 cents to $92.07. The rate for buying the British Pound was unchanged at $169.31 for the purchase of £955,066, while £625,348 was sold, at an average rate of $170.58, for a fall of 5 cents. At the end of trading it took J$125.57 to purchase the Euro, 25 cents less than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$123.17 for a fall of 23 cents off Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$159,442 while the equivalent of US$103,256, was sold.
FXHL 25-3-15Highs & Lows| The highest buying rate for the US dollar, fell $1.40 to $115.40. The lowest buying and the highest selling rates remained at $93.94 and $120.37 respectively and the lowest selling rose $1.85 to $95.79. The highest buying rate for the Canadian dollar climbed $1.45 to $93.20, the lowest buying rate rose 83 cents to $72.46, but the highest selling rate fell 20 cents to $94.28 and the lowest selling rate remained at $87.30. The highest buying rate for the British Pound, the lowest buying and lowest selling rates were unchanged at $171.30, $137.20 and $165.30 respectively, while the highest selling rate fell $1.73 to $175.14.

J$ gains over US on Monday

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The Jamaican dollar gained against the US dollar but lost value with Canadian and the British pound on Monday. Purchases of all currencies by dealers amounted to US$47,949,340 equivalent, compared with US$33,878,712, on Friday and selling of the equivalent of US$41,988,424 versus US$37,124,006 on the previous trading day.
FX sum 23-3-15 In US dollar trading, dealers bought US$43,517,411 compared to US$31,453,510 on Friday. The buying rate for the US dollar fell 6 cents to $114.65 and US$40,670,316 was sold versus US$35,820,483 on Friday, the selling rate slipped 4 cents to end at $115.15. The Canadian dollar buying rate rose 88 cents to $89.61 with dealers buying C$1,846,965 and selling C$498,019, at an average rate that climbed 84 cents to $91.17. The rate for buying the British Pound rose 38 cents to $168.89 for the purchase of £1,850,261, while £518,411 was sold, at an average rate of $171.12, for an increase of 48 cents. At the end of trading it took J$124.34 to purchase the Euro, $1.88 more than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$121.97 for an increase of $1.88 over Friday’s rate. Other currencies bought, amounted to the equivalent of US$262,842 while the equivalent of US$153,421, was sold.
FXHL 23-3-15Highs & Lows| The highest buying rate for the US dollar, inched up 27 cents to end at 115.75, the lowest buying and highest selling rates remained at $93.94 and $120.37 respectively, while the lowest selling rate fell $2.23, to $93.94. The highest buying rate for the Canadian dollar rose 20 cents to $91.80, the lowest buying rate was unchanged at $71.46, but the highest selling rate rose $1.70 to $94.15 and the lowest selling rate rose 20 cents to $86.30. The highest buying rate for the British Pound, fell 5 cents to $171.50. The lowest buying rate rose 12 cents to $136.74, the highest selling rate gained $1.01 to $176.28 and the lowest selling rate rose $1.80 to $164.75.

3 TTSE stocks up 6 down Friday

Trading on the Trinidad Stock Exchange closed with 13 securities changing hands of which 3 advanced, 6 declined and 4 traded firm on Friday, with a total of 191,360 units, valued at $2,479,228.
At the close of the market, the Composite Index fell 1.02 points to close at 1,156.07, the All T&T Index lost 3.30 points to close at 1,975.01 and the Cross Listed Index increased by 0.17 points to end at 44.20.
TTSE 20-3-15 Gains| Stocks increasing in price at the close are, First Citizens Bank trading 6,118 shares at $35.30 to gain 2 cents, Sagicor Financial Corporation traded 38,094 shares valued at $204,843 to close with a gain of 30 cents at $5.50 and Scotia Investments traded 15,000 shares in closing up 3 cents at $1.53.
Declines| The stocks declining at the end of trading are, Angostura Holdings trading 14,952 shares, with a value of $209,428 after losing 25 cents to end at $14, Clico Investment Fund trading 44,250 shares, valued at $995,735 lost 1 cent to end at $22.50, Guardian Holdings closing with 12,385 shares traded at $15 after shedding 50 cents. National Flour contributing 2,500 shares, to end at $1.50 for a 5 cents decline, Trinidad Cement with 52,346 shares changing hands, lost 10 cents at $2.55 and West Indian Tobacco trading 2,466 units to lose 1 cent and closed at $125.03.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA Mcal trading 414 shares at $66.90, Berger traded 100 shares and ended at $3.65, Massy Holdings traded 748 shares to close at $63, National Enterprises saw trading in just 21 shares at $17.35 and Scotiabank added 2,380 shares to end at $62.01,
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator showed 6 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.

J$ gains vs US & pound on Thursday

The Jamaican dollar gained against the US dollar and the British pound on Thursday, but fell against the Canadian dollar. Purchases of all currencies by dealers amounted to US$34,812,059 equivalent, compared with US$34,504,017, on Wednesday and selling of the equivalent of US$44,531,585 versus US$45,168,279 on the previous trading day.
FX sum 19-3-15 In US dollar trading, dealers bought US$32,065,663 compared to US$30,314,068 on Wednesday. The buying rate for the US dollar fell 10 cents to $114.77 and US$43,026,526 was sold versus US$41,276,338 on Wednesday, the selling rate slipped 2 cents to end at $115.27. The Canadian dollar buying rate fell 5 cents to $88.94 with dealers buying C$1,530,223 and selling C$674,393, at an average rate that rose 16 cents to $90.83. The rate for buying the British Pound dropped $2.50 to $167.33 for the purchase of £824,029, while £469,115 was sold, at an average rate of $169.54, for a loss of 62 cents. At the end of trading it took J$122.71 to purchase the Euro, 40 cents more than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$120.42 for an increase of 43 cents over Wednesday’s rate. Other currencies bought, amounted to the equivalent of US$359,098 while the equivalent of US$283,686, was sold.
FXHL 19-315Highs & Lows| The highest buying rate for the US dollar, inched down 8 cents to end at 115.80, the lowest buying and highest selling rates remained at $93.94 and $120.37 respectively, while the lowest selling rate regained $16.28, to end back at $112.50. The highest buying rate for the Canadian dollar slipped 5 cents to $91.20, the lowest buying rate was unchanged at $71.21, but the highest selling rate rose $2.60 to $95.10 and the lowest selling rate fell $2 to $85.80. The highest buying rate for the British Pound, dived $3.10 to $170. The lowest buying rate fell $1.57 to $134.88, the highest selling rate rose $1.95 to $175.86 and the lowest selling rate fell 90 cents to $162.50.

Six stocks rose nine fell on JSE

NCB closed  in T&T at J$28 equivalent on Thursday and $24.51in Kingston

NCB closed in T&T at J$28 equivalent on Thursday and $24.51 in Kingston

Thursday’s activity on the Jamaica Stock Exchange, resulted in the prices of 6 stocks rising, 9 declining as 22 securities changed hands, ending in 4,999,406 units trading, valued at $37,729,585, in all market segments.
strong> Main Market| The JSE Market Index gained 30.62 points to 82,563.78, the JSE All Jamaican Composite index rose 34.24 points to close at 91,028.44 and the JSE combined index declined 41.04 points to close at 84,253.49.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 12 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the close of the main market are, Carreras closing with 137,420 shares changing hands, 1 cent higher to $38.01, Mayberry Investments concluded trading with 939,109 shares changing hands at 4 cents gain to $2.40, National Commercial Bank (NCB) finished with 200,147 shares changing hands and climbed 56 cents to $24.71. NCB traded at the equivalent of $28 in Trinidad on Thursday. Sagicor Group closing with 405,350 shares while gaining 2 cents to $10.52 and Scotia Investments finishing trading with 10,000 units to close with a gain of $1 at $23.
Firm| The stocks in the main market to close without a change in the last traded prices are, Grace Kennedy closing with 11,227 units at $61, Kingston Wharves had dealing in 2,000 shares at $6.40, Proven Investments contributed 3,500 shares at 18 US cents.
JSE sum 19-3-15 Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless finishing with 300,000 units to close lower by 3 cents to 50 cents, Desnoes & Geddes closing with 1,546,034 units, the price slipped 10 cents to $5.30, Jamaica Broilers concluding trading with 30,506 units as the price fell 30 cents to $4.20. Jamaica Money Market Brokers in trading 73,181 ordinary shares, lower by 8 cents to $6.92, Jamaica Producers finishing trading with 7,377 shares closed with a loss of 95 cents to $16 and Scotia Group ending trading with 410,525 shares traded with a loss of 27 cents to $20.83.
Preference| Jamaica Money Market Brokers 7.50% preference share traded 10,814 at $2 and Jamaica Money Market Brokers 8.75% preference share had 573,150 units changing hands at $3.

8 TTSE stocks gained only 1 fell

NCB in good demand in Trinidad & seems poised to gain next week

NCB in good demand in Trinidad & seems poised to gain next week

Trading on the Trinidad Stock Exchange was with 17 securities changing hands of which 9 advanced, 1 declined and 7 traded firm with a total of 183,674 units, valued at $3,392,529. National Commercial Bank ended with a bid to buy 201,876 shares at $1.38, there were 50,171 units on offer at $1.55. In Jamaica the stock fell to J$23.50 or TT$1.31 on relatively low volume.
At the close of the market, the Composite Index rose 1.79 points to close at 1,151.49, the All T&T Index gained 2.92 points to close at 1,974.35 and the Cross Listed Index increased by a mere 0.08 points to end at 43.06.
Gains| Stocks increasing in price at the close are, ANSA Mcal gaining 2 cents, while trading 4,886 units, to end at $66.90, First Citizens Bank trading 1,263 shares, gained 22 cents to close at $35.22, Guardian Holdings contributing 30,515 shares with a value of $413,479, put on 49 cents to end at $13.59. Massy Holdings gained 1 cent while trading 12,981 shares at $63.37. Point Lisas Industrial Port Development while exchanging 199 shares, gained 2 cents to end at $5.16, Sagicor Financial Corporation with 48,950 shares changing hands for a value of $252,582, closed with a 6 cents gain at $5.16. Scotia Investments added 13,500 shares and closed 4 cents higher at $1.49, Trinidad Cement traded 39,419 shares to end at $2.50 after putting on 19 cents and West Indian Tobacco gained 1 cent while trading 4,800 units to end at a new 52 weeks’ high of $125.05.
TTSE 13-3-15 Declines| Scotiabank was the stock declining at the end of trading having lost 15 cents to close at $62.01 while trading 2,280 shares.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Ansa Merchant Bank trading 4,280 units, to close at $38.91, Clico Investment Fund trading 17,027 shares valued at $383,108 and closing at $22.50. National Flour with 819 shares changing hands, closed at $1.55, One Caribbean Media with 315 shares, traded at $23.96, Prestige Holdings with 1,000 shares changing hands, closed at $9.91 and Republic Bank traded 790 shares to close at $118.21.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator shows just 1 stock with the bid higher than their last selling price and 1 stock with a lower offer.

Tax measures bite stock market

New tax measures announced on Thursday, hit the stock market on Friday, particularly, Carreras that had a direct hit with increased taxes on cigarettes.
JSE 13-3-15The price of Carreras stock fell to close at $40 after shedding $3, but it traded as low as $38.01 before recovering partially.
National Commercial Bank lost 50 cents and Scotia Investments fell by $2. At the end of trading 9 stocks recorded gains and 11 suffered losses. Trading activity picked up from the low levels of Thursday as 27 securities traded worth $41,075,686 versus only 15 securities on Thursday. The JSE Market Index lost 637.18 points to 81,881.33, the JSE All Jamaican Composite index fell 712.40 points to close at 90,265.43.

Advancing stocks hold upper hand

NCB stock closed at J$25 on TTSE as demand exceeds supply in that market.

NCB stock closed at J$25 on TTSE as demand exceeds supply in that market.

Thursday’s trading on the Jamaica Stock Exchange, resulted in the prices of 6 stocks rising and 3 declining. Only 15 securities changed hands, ending in 7,421,628 units trading, valued at $51,342,298, in all market segments.
Main Market| The JSE Market Index lost 106.11 points to end at 82,518.51, the JSE All Jamaican Composite index fell 118.63 points to close at 90,977.83 and the JSE combined index declined by 129.33 points to 84,289.76.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 10 stocks with bids higher than their last selling prices and 5 with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless exchanging 10,700 shares to close higher by 3 cents at 53 cents, Caribbean Cement had dealing in 10,000 shares and ended with a gain of 4 cents to $2.30, Grace Kennedy with 75,145 shares changing hands, gained 28 cents to $60.80. Pan Jamaican Investment finished trading in 16,200 shares while gaining 80 cents to $54 and Scotia Investments saw 1,423,517 units changing hands to close 50 cents higher to $24.
Firm| The stocks in the main market to close without a change in the last traded prices are, Jamaica Money Market Brokers trading only 170 ordinary shares at $7.10. Kingston Wharves had dealing in 996 shares to close at $6.40, Sagicor Group contributed 545,371 shares to close at $10.42 and Scotia Group ending trading with 46,432 shares at $20.80.
JSE sum 12-3-15 Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras finishing with 41,634 units, to close lower by 15 cents at $43. Mayberry Investments closing with 1,020 units, the price slipped 14 cents to $2.36 and National Commercial Bank (NCB) finishing with only 3,425 shares trading lower by $1 at $24. NCB traded at the equivalent of J$25 on the Trinidad and Tobago Market with a bid on to buy 95,326 units at the closing price, there were no stocks on offer.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 37,618 units at $3.

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