The Jamaican dollar continues to made gains against the major currencies on Wednesday as purchases of all currencies by dealers ended at US$32,011,020 equivalent, compared with US$32,466,669, on Tuesday and selling of the equivalent of US$35,962,081 versus US$53,440,863 on the previous trading day.
In US dollar trading, dealers bought US$30,387,092 compared to US$27,214,911 on Tuesday. The buying rate for the US dollar rose 2 cents to $114.98 and US$34,263,115 was sold versus US$50,104,155 on Tuesday, the selling rate fell 3 cents to end at $115.48 The Canadian dollar buying rate dropped 74 cents to $88.86 with dealers buying C$614,839 and selling C$537,751, at an average rate that advanced 36 cents to $91.42. The rate for buying the British Pound dipped $1.75 to $170.91 for the purchase of £694,383, while £517,462 was sold, at an average rate of $173.51, for a decline of 29 cents. At the end of trading it took J$123.68 to purchase the Euro, $1.62 less than on Tuesday , according to data from Bank of Jamaica, while dealers purchased the European common currency at J$121.24 for a decline of $1.64 from Tuesday . Other currencies bought, amounted to the equivalent of US$116,629 while the equivalent of US$495,771, was sold.
Highs & Lows| The highest buying rate for the US dollar, declined 10 cents to $115.65, the lowest buying and the highest selling rates remained at $94.36 and $120.91 respectively. The lowest selling rate dived $16.78, to end at $96.22. The highest buying rate for the Canadian dollar rose 40 cents to $92, the lowest buying rate fell 25 cents to $72.46. The highest selling rate was unchanged at $94 and the lowest selling rate declined by 60 cents to $87. The highest buying rate for the British Pound, dropped 5 cents to $174.05. The lowest buying rate dropped 20 cents to $139.61, the highest selling rate dipped $1.24 to $179 and the lowest selling rate fell 25 cents to $168.20.
J$ continues to gain on Wednesday
JS gains against all on Monday
The Jamaican dollar made gains against all the major currencies on Monday. Purchases of all currencies by dealers ended at US$48,094,326 equivalent, compared with US$31,958,706, on Friday and selling of the equivalent of US$43,693,594 versus US$29,239,805 on the previous trading day.
In US dollar trading, dealers bought US$43,116,978 compared to US$27,386,186 on Friday. The buying rate for the US dollar fell 6 cents to $115.02 and US$41,972,897 was sold versus US$26,162,679 on Friday, the selling rate fell 3 cents to end at $115.52 The Canadian dollar buying rate dropped 51 cents to $89.84 with dealers buying C$1,539,237 and selling C$773,159, at an average rate that declined 57 cents to $91.73. The rate for buying the British Pound dipped 20 cents to $173.83 for the purchase of £2,368,918, while £650,111 was sold, at an average rate of $174.14, for a decline of $1.28. At the end of trading it took J$125.51 to purchase the Euro, $1.97 less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$123.12 for a decline of $1.91 from Friday. Other currencies bought, amounted to the equivalent of US$195,032 while the equivalent of US$126,841, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents to $115.85, the lowest buying and the highest selling rates remained at $94.36 and $120.91 respectively. The lowest selling rate dived $22.65 to $90.35. The highest buying rate for the Canadian dollar dropped $2.10 to $91.90, the lowest buying rate fell 29 cents to $73.04. The highest selling rate fell 47 cents to $94.53 and the lowest selling rate declined by 35 cents to $88. The highest buying rate for the British Pound, dropped $1.33 to $176.97. The lowest buying rate dropped 75 cents to $140.27, the highest selling rate rose $1.51 to $180.83 and the lowest selling rate fell 90 cents to $169.
Only 14 stocks trade on Monday
There not a great deal of activity on the Jamaica Stock Exchange on the first trading of the week. When the market closed a mere 2,002,875 valued at just $10,729,312 changed hands. Five securities account for the bulk of the stocks trading. The all Jamaica Composite index put on 351.23 to end at 91,183.19 and the JSE Index added 314.15 points to end at 82,702.20. Scotia Group closed at $22 after adding $1 and Grace Kennedy lost $1 to end at $61.
JSE make big daily gains again
National Commercial Bank gained $2.50 and Scotia Group $2.39 to help the Jamaica stock market to close at a two and a half year high on Thursday, resulting from the prices of 13 stocks rising and only 4 declining as 23 securities changed hands, ending in 6,535,906 units trading, valued at $19,861,234 in all market segments.
Main Market| The JSE Market Index gained 1,092.69 points to 84,083.29, the JSE All Jamaican Composite index rose 1,221.67 points to close at 92,727.31 and the JSE combined index gained 1,146.47 points to close at 85,718.39. IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 5 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
Scotia Group closed higher at the close & helped to push market up on Monday
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless finishing trading with 102,545 shares at 55 cents, Gleaner concluded trading with 1,500 shares at $1.10, Grace Kennedy in trading 10,510 shares, closed at $62 and Kingston Wharves finishing with 1,000 shares trading at $6.40.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Desnoes & Geddes closing with 270,000 units as the price slipped 15 cents to $5.20 and Sagicor Real Estate Fund with 25,000 shares closed with a loss of 10 cents to $6.70.
Low TTSE trading activity on Thursday
Trading on the Trinidad Stock Exchange was very low with only 7 securities changing hands, none advanced, 5 declined and 2 traded firm with a total of 311,962 units, valued at $5,730,563.
At the close of the market, the Composite Index lost 0.12 points to close at 1,146.36, the All T&T Index fell by just 0.17 points to close at 1,974.75 and the Cross Listed Index fell by a mere 0.01 points to end at 41.64.
Gains| There were no stocks increasing in price at the close.
Declines| The stocks declining at the end of trading are, Clico Investment Fund traded 111 shares to end at $22.55 and Massy Holdings suffered a loss, 2 cents to close at $63.43 with 5,624 shares trading, valued at $356,732.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Ansa Mcal closing with 1,159 shares at $66.87, Guardian Holdings contributing 12,259 shares with a value of $159,367, closed at $13, One Caribbean Media traded 2,115 shares to end at $23.95. Republic Bank with 31,842 shares traded for $3,763,570 at a price of $118.21 and Sagicor Financial Corporation with 258,852 shares changing hands for a value of $1,320,234, closed at $5.10.
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 5 stocks with offers that were lower.
Paltry junior market trading
Activity on the Junior Market closed with 5 securities traded ending with 26,060 units changing hands valued at $76,275. The JSE Junior Market Index declined 1.20 points to close at 699.24, with the price of 2 advancing and 3 declining.
At the close of the market, there were 6 stocks with bids higher than their last selling prices and 1 stock with an offer that was lower. The junior market ended with 4 securities closing with no bids to buy and there were 6 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Lasco Distributors closing with 1,000 shares trading, 1 cent higher to $1.46, Lasco Manufacturing finishing trading with 13,000 shares while gaining 1 cent to $1.16. Blue Power ending with 1,060 units to close lower by 5 cents to $6.30, Knutsford Express finishing trading with 10,000 units to fall 60 cents to $5.20 and Lasco Financial concluding trading with 1,000 units and declining by 1 cent to $1.05.
JSE at 20 months high heading higher
Activity on the Jamaica Stock Exchange, took the market to a new 20 month high resulting from the prices of 7 stocks rising and 8 declining as 20 securities changed hands, ending in 10,902,372 units trading, valued at $48,753,888, in all market segments. Gleaner Company accounted for the bulk of the shares trading with 8 million units while Sagicor Group and Scotia Group each accounted for more than 1 million units.
The chart shows the all Jamaica composite index just crossing over short term resistance. Resistance from July 2007 at 91,700 points is the more important resistance level for it to break through to move to the next critical point of 100,000.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 9 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Gleaner in having 8,267,155 shares changing hands, closed higher by 19 cents at $1.10, Grace Kennedy closed trading with 15,600 shares trading to gain 50 cents to end at $62, Hardware & Lumber ended trading with 5,000 shares changing hands for 83 cents greater at $7.40, Mayberry Investments saw trading in 17,130 units to close with a gain of 16 cents to a 52 weeks’ high of $2.36 and Sagicor Real Estate Fund ended with 6,300 shares the price rose by 10 cents to $6.80.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless dealing in only 17,500 shares at 55 cents, Jamaica Broilers contributing 3,000 shares at $4.06. National Commercial Bank concluding trading with 37,691 shares at $23, Radio Jamaica exchanging 5,000 shares at $1.37 and Scotia Group with 1,114,723 shares changing hands to close at $21.Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras closed with 6,800 units as the price slipped 18 cents to $44, Desnoes & Geddes finished with 155,000 shares trading lower for 15 cents to $5.35. Jamaica Money Market Brokers with 149,000 ordinary shares closed with a loss of 2 cents at $6.90, Sagicor Group in trading 1,025,226 and lost 9 cents to $10.21 and Supreme Ventures finished trading with 28,487 shares with a loss of 20 cents to $2.20.
J$ stable against US$ on Wednesday
The Jamaican dollar gained value on Wednesday against the US Dollar and the British pound but declined versus the Canadian dollar. Purchases of all currencies by dealers fell sharply from the previous two days at US$36,518,886 compared with the US$51,807,330, on Tuesday and selling of the equivalent of US$38,523,072 versus US$55,758,481 on the prior trading day.
In US dollar trading, dealers bought US$30,375,504 compared to US$45,557,294 on Tuesday. The buying rate for the US dollar fell by 19 cents to end at $115.05 and US$34,883,857 was sold versus US$51,146,506 on Tuesday, the selling rate was unchanged at $115.58. The Canadian dollar buying rate rose 8 cents to $91.87 with dealers buying C$5,061,301 and selling C$3,684,928, at an average rate that climbed 9 cents to $92.32. The rate for buying the British Pound rose 6 cents to $175.68 for the purchase of £1,266,526, while £377,480 was sold, at an average rate of $177.15, for a decline of 47 cents. At the end of trading it took J$129.27 to purchase the Euro, 14 cents down from Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.95 for 4 cents more than on Tuesday. Other currencies bought, amounted to the equivalent of US$167,908 while the equivalent of US$117,410, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 20 cents to $116, the lowest buying and the highest selling rates remained at $94.36 and $120.91 respectively. The lowest selling rate jumped $18.64 to $113. The highest buying rate for the Canadian dollar climbed $1.40 cents to $94, the lowest buying rate fell 16 cents to $72.96. The highest selling rate gained 61 cents to $95.61 and the lowest selling rate fell 20 cents to $87.90. The highest buying rate for the British Pound, dipped $1.48 to $176.02. The lowest buying rate fell $2.74 to $139.73, the highest selling rate fell $3.70 to $179.97 and the lowest selling rate declined $3.30 to $168.35.
J$ loses against pound & Can$ – Tuesday
The Jamaican dollar lost value on Tuesday against the Canadian Dollar and the British pound but was virtually stable versus the US dollar. Purchases of all currencies by dealers amounted to US$51,807,330 compared with the US$47,429,215, on Monday and selling of the equivalent of US$55,758,481 versus US$48,069,553 on the prior trading day.
In US dollar trading, dealers bought US$45,557,294 compared to US$43,879,394 on Monday. The buying rate for the US dollar increased by 15 cents to end at $115.24 and US$51,146,506 was sold versus US$46,156,443 on Monday, the selling rate fell 2 cents to $115.58 The Canadian dollar buying rate rose $1.58 to $91.79 with dealers buying C$4,543,331 and selling C$3,944,987, at an average rate that climbed 20 cents to $92.23. The rate for buying the British Pound rose 34 cents to $175.62 for the purchase of £1,592,311, while £751,710 was sold, at an average rate of $177.62, up 26 cents. At the end of trading it took J$129.42 to purchase the Euro, 29 cents down from Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.91 for 31 cents less than on Monday. Other currencies bought, amounted to the equivalent of US$204,288 while the equivalent of US$308,994, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 20 cents to $115.80, the lowest buying and the highest selling rates remained at $94.36 and $120.91 respectively. The lowest selling rate dropped $1.86 to $94.36. The highest buying rate for the Canadian dollar dived 40 cents to $92.60, the lowest buying rate climbed $1.24 to $73.12. The highest selling rate gained 95 cents to $95 and the lowest selling rate put on $1.50 to $88.10. The highest buying rate for the British Pound, jumped $3.50 to $177.50. The lowest buying rate was up $3.03 to $142.47, the highest selling rate gained $3.91 to $183.67 and the lowest selling rate increased $3.95 to $171.65.
It’s a 747 Tuesday on TTSE
Trading on the Trinidad Stock Exchange on Tuesday closed with 18 securities changing hands, 7 advanced, 4 declined and 7 traded firm with a total of 126,256 units, valued at $1,103,934.
At the close of the market, the Composite Index gained 0.21 points to close at 1,146.72, the All T&T Index fell by 0.16 points to close at 1,975.34 and the Cross Listed Index rose 0.08 points to end at 41.66.
Gains| Agostini’s added 6,550 shares valued at $115,280 and gained 25 cents to end the day at $17.60, ANSA McAL had just 50 units changing hands with a 1 cent gain to end at $66.87, Clico Investment Fund trading 18,137 shares valued at $409,896 advanced by 9 cents to end at $22.60. Grace Kennedy added only 229 shares, to close at $3.61, with a gain of 1 cent, Guardian Holdings with 100 shares traded to close at $13.01 after gaining 1 cent, National Commercial Bank gained 1 cent to end at a new 52 weeks’ high of $1.23 and Scotiabank closed with 900 shares and gained 1 cent to end at $62.16.
Declines| The stocks declining at the end of trading are, Angostura Holdings ended at $15 while 655 units of the stock changed hands for a loss of 6 cents, First Citizens Bank exchanged 975 units and lost 1 cent, in closing at $35.49. Massey Holdings ended at a 52 weeks low of $63.45 after trading 2,935 shares and lost 12 cents and Republic Bank lost 13 cents to close at $118.22 while trading only 1 share.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Firstcaribbean International Bank exchanged 1,000 shares at $5.03. Jamaica Money Market Brokers had 50,230 shares changing hands at 43 cents, National Flour Mills traded 29,834 shares to close at $1.52, Prestige Holdings contributed 2,509 shares to close at $9.90, and Sagicor Financial Corporation trading 1,802 shares to end at $5.11, One Caribbean Media traded 250 units at $23.95 and Trinidad Cement contributed 7,800 shares at $2.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than their last selling prices and 5 stocks with offers that were lower.
