Bank of Jamaica intervened in the forex market on Tuesday for the second consecutive day by selling into the system, helping to swell the amounts traded to the $50 million mark. The intervention did not stop slippage in the Jamaican dollar as it fell in value against the US and the British Pound, but gained on Canadian dollar. Purchase of all currencies by dealers, translated to US$51,232,598 compared with the US$79,904,490, on Monday and selling amounted the equivalent of US$49,400,152 versus US$79,481,863 sold on Monday.
In US dollar trading, dealers bought US$47,569,610 compared to US$75,875,427 on Monday. The buying rate for the US dollar rose 4 cents to $115.50 and US$47,164,249 was sold versus US$74,047,298 on Monday, with the selling rate climbing 2 cents to $115.77. The Canadian dollar buying rate increased by $1.24 to $91.65 with dealers buying C$1,666,842, and selling C$1,086,045, at an average rate that dropped 14 cents, to $92.84. 
The rate for buying the British Pound rose 65 cents to $172.44 for the purchase of £1,473,816, while £693,617 was sold, the rate rose 46 cents to $174.61. At the end of trading it took J$130.29 to purchase the Euro, 10 cents higher than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.01, an increase of 35 cents over Monday. Other currencies bought, amounted to the equivalent of US$139,997 while the equivalent of US$318,885, was sold.
Highs & Lows| The highest buying rate for the US dollar, dipped $1.10 to $115.90 and the lowest buying rate rose 5 cents to $94.36. The highest selling rate was unchanged at $120.91, while the lowest selling rate rose $2.03 to $96.22. 
The highest buying rate for the Canadian a dollar fell 37 cents to $93.63, the lowest buying fell 46 cents to $73.41. The highest selling rate fell $1.77 to $95.23 and the lowest selling rate eased 55 cents to $88.45. The highest buying rate for the British Pound, jumped $1.40 to $175.80. The lowest buying rate rose 50 cents to $139.11, the highest selling rate remained at $178.69 and the lowest selling rate was up 60 cents to $167.60.
BOJ sells to forex market again
BOJ sale swells volume in forex market
Bank Of Jamaica intervened in the forex market on Monday by selling into the system, helping to swell the amounts traded to nearly $80 million. The intervention did not stop slippage in the Jamaican dollar as it fell in value against the US and the British Pound, but gained on Canadian dollar, on Monday. Purchase of all currencies by dealers, translated to US$79,904,490 compared with the US$36,907,493, on Friday and selling of the equivalent of US$79,481,863 versus US$31,955,892 sold on Friday.
In US dollar trading, dealers bought US$75,875,427 compared to US$32,907,129 on Friday. The buying rate for the US dollar rose 25 cents to $115.46 and US$74,047,298 was sold versus US$29,758,416 on Friday, with the selling rate climbing 3 cents to $115.75. The Canadian dollar buying rate lost $1.76 to $90.41 with dealers buying C$1,149,455, and selling C$818,541, at an average selling rate that dropped 43 cents, to $92.98. The rate for buying the British Pound rose 21 cents to $171.79 for the purchase of £1,963,437, while £2,926,101 was sold, the rate rose 82 cents to $174.15. At the end of trading it took J$130.19 to purchase the Euro, $1.70 lower than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.67, $1.63 lower than on Friday. Other currencies bought, amounted to the equivalent of US$207,763 while the equivalent of US$374,464, was sold.
Highs & Lows| The highest buying rate for the US dollar, climbed 95 cents to $117 and the lowest buying rate rose 12 cents to $94.31. The highest selling rate moved up 6 cents to $120.91, while the lowest selling rate dropped $18.76 to $94.19. The highest buying rate for the Canadian dollar fell 9 cents to $94, the lowest buying fell 17 cents to $73.87. The highest selling rate fell $1 to $97 and the lowest selling rate eased 20 cents to $89. The highest buying rate for the British Pound, declined 50 cents to $174.40. The lowest buying rate dropped $1.95 to $138.61, the highest selling rate climbed 44 cents to $178.69 and the lowest selling rate declined $2.20 to $167.
Demand for some junior stocks, supply low
Trading activity on the Junior Market closed with only 5 securities trading and ended with 76,353 units valued at $161,387 changing hands. The JSE Junior Market Index rose 0.41 points to close at 693.11, with the price of 1 stock advancing and 2 declining.
At the close of the market, there were 6 stocks with bids higher than their last selling prices and only 1 with the offer that was lower. The junior market closed with 4 securities closing with no bids to buy and 6 securities that had no stocks being offered for sale.
At the close, Honey Bun traded 4,686 shares at $1.95, Knutsford Express Services closed with 15,000 shares trading, 5 cents lower at $5.80, Lasco Distributors ended trading with 14,569 units at $1.40, Lasco Financial Services closed with 37,098 shares changing hands while gaining 5 cents to $1.05 and Lasco Manufacturing lost 1 cent in trading 5,000 shares at $1.18.
4 advancing 1 declining but TTSE weakens
Trading on the Trinidad Stock Exchange closed the week with 10 securities changing hands of which 4 advanced, only 1 declined and 5 traded firm with a total of 113,898 units, valued at $1,646,886.
At the close of the market, the Composite Index lost 0.39 points to close at 1,151.25, the All T&T Index fell by just 0.92 points to close at 1,984.88 and the Cross Listed Index increased by a mere 0.02 points to end at 41.59.
Gains| Stocks increasing in price at the close are, Grace Kennedy closing with a 1 cent gain to $3.67 as 327 units changed hands, Guardian Holdings with 1,000 shares traded at $13.27 to close with a 1 cent gain. Sagicor Financial Corporation closed with 11,026 shares changing hands and increasing 1 cent to end at $5.50 and Scotiabank that traded shares 2,177 valued at to close with a gain of 1 cent to end at $61.01.
Declines| The only stock declining at the end of trading is, Ansa Merchant Bank added 2,646 shares valued at $102,929 falling 56 cents to close at $38.90.
Firm Trades| Stocks trading with prices unchanged at the close of the market are, Angostura Holdings contributing 750 shares, the price closed unchanged at $15.50. ANSA McAL with a volume of 5,000 shares traded for $332,600, to close at $66.52, Clico Investment Fund trading 22,650 shares valued at $531,143 to end at $23, One Caribbean Media with 2,328 shares ended at $23.95 and West Indian Tobacco contributed 2,694 shares with a value of $328,668 to close at $122.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator is showing only 3 stocks with the bid higher than their last selling prices and 6 stocks with offers that were lower, continuing a negative bias in the market.
Bids of 7 stocks above last sale
Activity Trading on the Junior Market closed with only 5 securities traded and ended with 510,555 units valued at $1,054,385. The JSE Junior Market Index lost 0.64 points to close at 696.43, with the price only 1 advancing and 1 declining but at the close there were stock ending with bids above the last sale prices, an indication that demand exceed supply in quite a large number of stocks in this market
At the close of the market, there were 7 stocks with bids higher than their last selling prices and none with lower offers. The junior market continues to reflect renewed interest with 4 securities closing with no bids to buy. There were 6 securities that had no stocks being offered for sale.
Paramount Trading ended trading with 155,860 units with the price rising 10 cents to $3.30, General Accident closed trading with 204,610 units at $1.80, Lasco Distributors traded 38,994 shares trading at $1.45, Lasco Financial ended with 107,800 units trading to end at $1 and Honey Bun closed with 3,291 shares trading 5 cents lower to $1.95.
TTSE exhibiting negative bias
Trading on the Trinidad Stock Exchange closed with 14 securities changing hands of which 3 advanced, 5 declined and 6 traded firm with a total of 173,362 units, valued at $797,942.
At the close of the market, the Composite Index rose 1.47 points to close at 1,152.56, the All T&T Index gained 2.35 points to close at 1,987.64 and the Cross Listed Index increased by a mere 0.08 points to end at 41.57.
Gains| Stocks increasing in price at the close are, Firstcaribbean International Bank closed with a volume of 27,636 shares trading, valued at $138,733, to close 2 cents higher at $5.02, Prestige Holdings 40 shares, traded to close at $9.57, higher by 1 cent and One Caribbean Media gaining $1.79 to end at $23.99 while trading 3,972 units.
Declines| The stocks declining at the end of trading are, Clico Investment Fund trading just 900 shares but the price declined by 1 cent to end at $23.49. First Citizens Bank closed with only 80 shares trading at $36.49 and lost a cent, Guardian Holdings lost 1 cents in trading 905 shares to end at $13.25, Massy Holdings fell 5 cents to close at $68.05 with 2,897 units valued at $197,140 while Scotia Investments added 15,206 shares at $1.45, down 1 cents.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA Mcal with 367 shares at $66.52. National Commercial Bank with 99,830 shares changing hands for a value of $116,801, closed at $1.17, Sagicor Financial Corporation contributed 20,000 shares with a value of $109,800 at $5.49, Scotiabank traded 895 share at $62.01, Trinidad Cement had 629 shares changing hands at $2.30 and Unilever Caribbean closed at $65.01 with only 5 units changing hands.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 5 stocks with offers that were lower.
J$ gains big on the Pound & Canadian
The Jamaican dollar made big gains against the British Pound and the Canadian dollar on Monday. Purchase of all currencies by dealers, translated to US$43,325,043, compared with the US$46,887,942, on Friday, and selling of the equivalent of US$44,738,328 versus US$51,219,344 sold on Friday.
In US dollar trading, dealers bought US$39,907,638 compared to US$42,022,513 on Friday. The buying rate for the US dollar remained at $114.89 and US$42,884,931 was sold versus US$40,341,432 on Friday with the selling rate climbing 4 cents to $115.35. The Canadian dollar buying rate lost $1.71 to $93.62 with dealers buying C$1,510,308 and selling C$782,714, at an average selling rate that dropped $2.19, to $95.68. The rate for buying the British Pound dropped 92 cents to $171.72 for the purchase of £1,283,715, while £632,777 was sold, the rate dived $2.29 to $173.83. At the end of trading it took J$132.57 to purchase the Euro, 90 cents down from Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$130.11 for a decline of 91 cents from Friday. Other currencies bought, amounted to the equivalent of US$267,950 while the equivalent of US$250,533, was sold.
Highs & Lows| The highest and the lowest buying and the highest selling rates for the US dollar, remained at $115.65, $94.10 and $120.59 respectively while lowest selling rate climbed $1.71 to $95.40. The highest buying rate for the Canadian dollar rose 50 cents to $97, the lowest buying rate fell $1.24 to $75.95. The highest selling rate remained at $99.51 and the lowest selling rate dropped $15.02 to $78.18. The highest buying rate for the British Pound, climbed $2.50 to $177.50. The lowest buying rate fell 58 cents to $140.15, the highest selling rate rose $2.17 to $180.67 and the lowest selling rate fell 70 cents to $168.85.
3 stocks rose 2 declined on TTSE
Trading on the Trinidad Stock Exchange ended with 15 securities changing hands of which 3 advanced, 2 declined and 10 traded firm with a total of 367,199 units, valued at $4,261,164.
At the close of the market, the Composite Index lost 0.01 points to close at 1,150.71, the All T&T Index rose by just 0.06 points to close at 1,981.75 and the Cross Listed Index fell 0.01 points to end at 41.86.
Gains| Stocks increasing in price at the close are, Agostini’s in trading 100 shares to close with a gain of 1 cent, at $17.51. ANSA Mcal advancing 1 cent to end at $66.51 while trading 100 units and Ansa Merchant Bank that gained 1 cent to end at $39.46 with 100 shares changing hands, and ended at a new 52 weeks’ high.
Declines| The stocks declining at the end of trading are, Flavorite Foods lost 30 cents to close at $4.50 with 1,000 shares changing hands and Sagicor Financial Corporation traded 7,935 shares valued at to close with a loss of 1 cent at $5.94, both shares closed at new 52 weeks’ lows.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund was the with 51,792 shares valued at $1,217,095 remained at $23.50, First Citizens Bank with 62,665 shares traded with a value of $2,302,969 ended at $36.75, Guardian Holdings traded 331 units to close at $13.25. Jamaica Money Market Brokers with 172,580 shares changing hands closed at 43 cents, National Commercial Bank contributed 21,037 shares at $1.17, National Flour Mills ended at $1.19 while trading 1,760 shares, One Caribbean Media added 9,999 shares valued at $219,978 to end at $22. Prestige Holdings with 1,300 shares traded ended at $9.56, Sagicor Financial Corporation 6.5% US$ preference share traded 35,000 units at US$1.10 and Scotiabank contributed 1,500 shares with the price closing, unchanged at $62.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.
1 Caribbean Media sheds $3
Trading on the Trinidad Stock Exchange ended with 15 securities changing hands of which 3 advanced, 5 declined and 7 traded firm with a total of 913,172 units, valued at $7,801,572. One Caribbean Media suffered a loss of $3 with the price closing at $22.
At the close of the market, the Composite Index lost 1.39 points to close at 1,150.72, the All T&T Index fell by 3.54 points to close at 1,981.69 and the Cross Listed Index increased by a mere 0.10 points to end at 41.87.
Gains| Stocks increasing in price at the close of the market are, Angostura Holdings that gained 50 cents to end at a new 52 weeks’ high of $14 while trading 10,000 shares. National Commercial Bank with 492,632 shares changing hands for a value of $576,379, gained 1 cent to $1.16 and National Flour Mills traded 22,000 shares to end with a gain of 1 cent at $1.19.
Declines| The stocks declining at the end of trading are, First Citizens Bank with 161,505 shares traded valued at $5,935,596, but the price lost 28 cents to end at $36.75, Guardian Holdings with 13,950 shares traded at $13.25, closed down a cent, Jamaica Money Market Brokers contributed 113,632 shares to close a cent lower at 43 cents. Massy Holdings traded 5,120 shares valued at $349,235 to close with a loss of 1 cent, at $68.21 and One Caribbean Media lost $3 to close at $22 while trading 10,000 shares.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA McAL contributing 1,382 shares and closed at $66.50, Clico Investment Fund posted 1,000 shares but remained at $23.50, Grace Kennedy traded 18,314 to end at $3.65, Guardian Media traded 957 shares at $19.75. Scotiabank finished with 170 shares changing hands at $62, Trinidad Cement added 33,820 shares valued at $84,542 and L.J. Williams B share, traded 29,050 units at $1.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator showed 3 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.
J$ loses v U$ up on others
Trading in the forex market in Jamaica on Tuesday, resulted in the Jamaican dollar gaining against the Pound, the Canadian dollar but lose against the US dollar. Overall the equivalent of US$33,687,953 was purchased by dealers in contrast to US$42,460,718 on Monday, and selling of the equivalent of US$38,181,833 compared to US$35,555,294 on Monday.
In US dollar trading, dealers bought US$28,451,468 compared to US$37,309,537 on Monday. The buying rate for the US dollar rose 18 cents to $114.01 and US$34,814,610 was sold versus US$33,644,999 on Monday with the selling rate climbing 8 cents to $114.72. The Canadian dollar buying rate rose 34 cents to $95.11 with dealers buying C$1,888,659 and selling C$1,254,447, at an average selling rate that lost 12 cents, to $96.70. The rate for buying the British Pound fell $1.55 to $172.04 for the purchase of £1,664,301, while £1,029,771 was sold, the rate fell $1.29 to $173.61. At the end of trading it took J$136.84 to purchase the Euro, $1.13 less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$133.84 for a $1.18 fall. Other currencies bought, amounted to the equivalent of US$1,149,628 while the equivalent of US$751,458, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents to $115.05, the lowest buying rate closed down 27 cents at $93.25. The highest selling rate remained at $119.84 and lowest selling rate jumped $17.98 to $111.50. The highest buying rate for the Canadian dollar fell 80 cents to $97.70, the lowest buying remained unchanged at $77.77. The highest selling rate declined 3 cents to $100.26 and the lowest selling rate dipped 85 cents to end at $92.85. The highest buying rate for the British Pound, lost 66 cents to $176.84. The lowest buying rate remained at $141.52, the highest selling rate lost $2.14 to $180.30 and the lowest selling rate ended $1.80 lower, at $168.20.
