Scotia Group closed at $22.25 at a 52 weeks’ high and helped push the all Jamaica market index to the highest level since March 12 last year, when it then made a one day surge to 86,590.08. Proven Investments traded at a new record high when the market closed.
Activity on the Jamaica Stock Exchange, resulted in the prices of 6 stocks rising and 6 declining with a total 22 securities changing hands, ending in 2,577,659 units being active, valued at $25,438,501, in all market segments.
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 3 stocks with offers that were lower.
Main Market| The main market indices gained pretty strongly on the second trading day of the new year. The JSE Market Index gained 1,104.24 points to 78,101.74, the JSE All Jamaican Composite index rose 1,234.59 points to close at 86,039.68 and the JSE combined index gained 1,039.80 points to close at 79,879.68.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Jamaica Broilers ended trading with 7,891 shares, the price gained 6 cents to $4.10, Jamaica Stock Exchange closed with 226,400 shares trading with a gain of 3 cents to $1.60, Mayberry Investments ended with only 2,260 shares changing hands, to close with a gain of 3 cents at $1.87. There are just 4 offers to sell the stock one at $2.29 for 25,000 units at $2.80 – 37,117 shares, at $3 only 1,900 shares and at $8.75 – 100,000 shares. There are 12 bids to buy the stocks ranging from a low of $1.35 to buy 128,642 shares to 200,000 at $1.87, below are small amounts for $1.85 and $1.84. Proven Investments ended trading with 23,740 shares changing hands to close 1.50 cents to 20.5 US cents and Scotia Group finished trading with 922,754 shares changing hands to close $1.75 higher at $22.25. Scotia Investment as broker bought 878,778 shares as they crossed the vast majority of what was sold.
Firm| The stocks in the main market, closing without a change in the last traded prices are, Carreras with 21,950 shares trading at $37, Grace Kennedy with 5,000 shares changing hands, to close at $61, Jamaica Money Market Brokers in trading 30730 shares at $7.10 and Salada Foods ending with 1,000 shares changing hands to close at $10.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless closing with 54,182 units trading, the price slipped 2 cents to 48 cents. Caribbean Cement finished with 24,825 shares trading 1 cent lower to $2.40, Desnoes & Geddes ended with 1,200 shares trading and losing 4 cents to $4.90, Pan Jamaican Investment shed $2.85 with 897 units changing hands at $56.15 and Sagicor Real Estate Fund with 3,313 units trading as the price slipped 8 cents $7.02.
Preference| Jamaica Money Market Brokers 7.50% preference shares traded 837372 units at $2 and Proven Investments 8% preference share finished trading with 100,000 units at $5.
Scotia Group pushed market sharply
Junior market indicators point higher
Lasco Financial Services’ stock was the sole one to gain on the junior market
At the close of the junior market had 6 securities closing with no bids to buy. There were 9 securities that had no stocks being offered for sale, the latter is in keeping with the increase in the number of stocks with bids that are higher than the last selling prices.
At the close only 6 securities traded and ended with only 314,145 units valued at $336,525 changing hands. The JSE Junior Market Index rose 0.11 points to close at 689.20, with the price 1 advancing and 1 declining.
Stocks trading on Monday are, Lasco Financial that closed with 13,811 shares changing hands to gain 7 cents at $1.05, Consolidated Bakeries closing with 815 shares trading at 82 cents, General Accident finishing with 40,000 shares changing hands at $1.75, Honey Bun ending with 4,625 shares trading at $1.71. Lasco Distributors concluded trading with 167,894 shares changing hands at $1.45 and Lasco Manufacturing ended having 87,000 shares changing hands to close 2 cents lower at $1.10.
TTSE starts week quietly
Trading on the Trinidad Stock Exchange ended on Monday with 12 securities changing hands of which 1 advanced, 1 declined and 10 traded firm with a total of 274,838 units, valued at $2,171,817.
At the close of the market, the Composite Index rose 0.06 points to close at 1,151.07, the All T&T Index gained 0.11 points to close at 1,983.37 and the Cross Listed Index remained at 41.74.
Gains| The only stock to gain in price at the close, is ANSA McAL as it traded 1,200 shares and increased by 5 cents to end at $66.45.
Declines| Massy Holdings was the sole stock declining at the end of trading, with 3,430 shares to close at $68.23, after declining by 3 cents.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Ansa Merchant Bank with 1,823 shares closed at $39.45, Clico Investment Fund with 51,494 shares valued at $1,209,543 to end at $23.50, Firstcaribbean International Bank contributed 4,870 shares to close at $5, First Citizens Bank traded 2,171 shares at $37.07. Flavorite Foods traded 615 units to close at $4.80 while Guardian Holdings traded 4,515 shares at $13.25, National Commercial Bank with 110,500 shares changing hands for a value of $127,095, closed at $1.16, followed by National Enterprises with 3,080 shares at $17.42. Point Lisas Industrial Port Development with 312 shares, ended at $3.75 and Trinidad Cement with a volume of 90,828 shares traded for $227,070 to close at $2.50.
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 2 stocks with offers that were lower.
FX volume lowest since December 4
<strong Trading in the forex market in Jamaica on Friday, resulted in the lowest volume of trades since December 4 last year, when dealers bought US$27.6 million and sold US$27.3 million. The value of the Jamaican dollar was mostly up except for a slight slip in the selling rate against the US dollar.
Overall the equivalent of US$29,319,403 was purchased by dealers versus US$39,424,623 on Wednesday, and selling of the equivalent of US$32,815,088 compared to US$36,883,135 on Wednesday, the day before the market closed, for the New Year public holiday. In US dollar trading, dealers bought US$26,478,249 compared to US$35,027,815 on Wednesday. The buying rate for the US dollar declined 18 cents to $113.94 and US$31,451,847 was sold versus US$34,615,995 on Wednesday with the selling rate rising 2 cents to $114.68. The Canadian dollar buying rate dropped 94 cents to $95.40 with dealers buying C$1,417,177 and selling C$798,352, at an average selling rate that lost 4 cents, to $97.65. The rate for buying the British Pound fell $1.95 to $174.02 for the purchase of £960,308, while £384,502 was sold, the rate fell $1.36 to $176.31. At the end of trading it took J$138.75 to purchase the Euro, 64 cents less than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.02 for a 64 cents fall. Other currencies bought, amounted to the equivalent of US$187,910 while the equivalent of US$92,313, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 5 cents to $114.85, the lowest buying, the highest selling and lowest selling rates closed unchanged at $93.52, $119.84 and $95.37 respectively. The highest buying rate for the Canadian dollar rose 80 cents to $100.60, the lowest buying was unchanged at $78.14. The highest selling rate rose 14 cents to $100.95 and the lowest selling rate is up 35 cents to end at $94.35. The highest buying rate for the British Pound, gained 21 cents to $178.60. The lowest buying rate bounced back by $43.05 to $143.05, the highest selling rate gained $2.34 to $184.41 and the lowest selling rate ended 35 cents lower, at $171.50.
Mayberry climbs 21% as JSE starts 2015 up
Mayberry stock price climbed 21% on first trading day of 2015.
The prices of 10 stocks rose and 5 declined as 22 securities changed hands, ending in a mere 610,207 units trading, valued at $3,977,611, in all market segments.
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 3 stocks with offers that were lower.
Main Market| The JSE Market Index gained 644.11 points to 76,997.50, the JSE All Jamaican Composite index rose 720.15 points to close at 84,805.09 and the JSE combined index gained 616.43 points to close at 78,839.88. On the first trading day last year, the all Jamaican Index rose 560.09 with a small volume, valued at $3.6 million but traded below on the days after, until the third week of the month.
Salada gained 15% on Friday
Firm| The stocks in the main market to close without a change in the last traded prices are, Caribbean Cement that finished with 590 units trading at $2.41, Grace Kennedy with 11,118 shares trading at $61, Jamaica Money Market Brokers closed with 600 shares trading at $7.10 and Pan Jamaican Investment ended with only 500 shares at $59.Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Desnoes & Geddes finished with 4,965 shares trading lower by 1 cent to $4.94, Sagicor Group ended trading with 54,388 shares changing hands to close lower by 25 cents to $10 and Sagicor Real Estate Fund closed with 19,224 units as the price slipped 1 cent to $7.10.
Preference| Proven Investments 8% preference shares traded 119,700 units ended trading at $5.10.
Junior market up 1st trading day of 2015
Caribbean Cream traded at 77 cents to gain 2c but closed with the bid at 80c.
At the close of the market continues to reflect renewed interest in junior stocks with 6 securities closing with no bids to buy and 8 securities that had no stocks being offered for sale, in addition there were 6 stocks with bids higher than their last selling prices and none with offers that were lower.
The stocks trading are, AMG Packaging trading 22,220 shares with the price rising 25 cents to $2.15, Caribbean Cream ended with 68,000 shares changing hands to close 2 cents higher at 77 cents, Caribbean Producers closed with 9,935 shares with the price rising 8 cents to $2.11, Paramount Trading finished with 42,000 shares changing hands to close 9 cents up to $2.71.
Lasco Distributors finished with only 1,850 shares changing hands at $1.45, Lasco Manufacturing ended with 116,962 shares changing hands to close at $1.12, Derrimon Trading closed with 3,000 units changing hands, the price slipped 5 cents to $2.10 and Dolphin Cove ended with only 100 shares trading 20 cents lower to $8.80.
TTSE starts 2015 slightly up
West Indian Tobacco traded 122,699 shares with a value of $14,888,215 for the largest trade on Friday.
At the close of the market, the Composite Index rose just 0.10 points to close at 1,151.01, the All T&T Index rose by a mere 0.08 points to close at 1,983.26 and the Cross Listed Index increased by 0.02 points to 41.74.
Gains| Stocks increasing in price at the close are, Clico Investment Fund, posting a gain of 43 cents, to end at $23.50, for a new 52 weeks’ high, with 28,703 shares trading at $673,441. First Citizens Bank with 375,312 shares changing hands for a value of $13,912,734 to close with a gain of 1 cent at $37.07, Unilever Caribbean traded 1,050 shares at $64.51 with a gain of 1 cent and West Indian Tobacco with a volume of 122,699 shares traded for $14,888,215, ended at $121.34, up by a cent.
Declines| Guardian Media suffered a fall of 2 cents to end the day at $19.75 with 3,397 shares trading and was the sole stock falling.Firm Trades| Stocks closing with prices unchanged at the end of trading are, Grace Kennedy trading 11,000 shares to close at $3.65, Massy Holdings with 79 shares trading at $68.25, National Commercial Bank traded 34,700 shares at $1.15, National Enterprises had 1,000 units trading at $17.42. National Flour with 28,724 shares advanced by 1 cent to end at $1.16, Sagicor Financial Corporation traded 823 shares to close at $5.95 and Trinidad Cement contributed 55,308 shares with a value of $138,270 to close at $2.50
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator showed 4 stocks with the bid higher than their last selling prices and 1 with the offer lower.
J$ ends 2014 down
Trading in the forex market in Jamaica resulted in the value of the Jamaican dollar slipping in value against the three main foreign currencies. Overall there was buying of the equivalent of US$39,424,623 versus US$54,541,839 on Tuesday, and selling of the equivalent of US$36,883,135 compared to US$51,849,629 on Tuesday.
In US dollar trading, dealers bought US$35,027,815 compared to US$46,951,936 on Tuesday. The buying rate for the US dollar rose 6 cents to $114.12 and US$34,615,995 was sold versus US$48,252,657 on Tuesday with the selling rate rising 7 cents to $114.66. The Canadian dollar buying rate lost 31 cents to $96.34 with dealers buying C$1,903,363 and selling C$1,148,199, at an average selling rate that gained 11 cents, to $97.69. The rate for buying the British Pound fell 50 cents to $175.97 for the purchase of £1,705,748, while £724,736 was sold, the rate gained 47 cents to $177.68. At the end of trading it took J$139.39 to purchase the Euro, 15 cents less than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.66 for an increase of 26 cents. Other currencies bought, amounted to the equivalent of US$159,733 while the equivalent of US$165,851, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents to $114.90, the lowest buying and highest selling rates closed unchanged at $93.52 and $119.84 respectively. The lowest selling rate dropped $16.43 to $95.37. The highest buying rate for the Canadian dollar rose 60 cents to $99.80, the lowest buying rate climbed 29 cents $78.14. The highest selling rate rose 6 cents to $100.81 and the lowest selling rate is up 20 cents to end at $94. The highest buying rate for the British Pound, gained 26 cents to $178.39. The lowest buying rate plummeted by $42.14 to $100, the highest selling rate slipped $1.17 to $182.07 and the lowest selling rate ended 60 cents higher at $171.85.
Year ends with 11 stocks up 7 down
day’s activity on the Jamaica Stock Exchange, resulted in the prices of 11 stocks rising and 7 declining as 30 securities changed hands, ending in 1,626,438 units trading, valued at only $4,460,185, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 18 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower. With this being the final trading day for the year, the high levels of higher bids may be due to portfolio managers trying to influence year-end values for their portfolios. The numbers have been rising, with the day before Christmas having a reading of 9 to 4, followed by Monday with 10 to 2 and Tuesday 14 to 2. This is a development worth watching, to see if it carries over with a strong reading into 2015.
Main Market| The JSE Market Index lost 375.48 points to 76,353.39, the JSE All Jamaican Composite index fell 419.80 points to close at 84,084.94 and the JSE combined index gained declined by 322.23 points to close at 78,223.45. The market closed out 2014 with the all Jamaica rising by 2.7 percent for the year, the JSE composite is down 5.3 percent and the junior market 9.2 percent.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Barita Investments concluded trading with 18,000 shares changing hands to close with a gain of 7 cents at $2.25. Berger Paints ended with 16,000 shares trading with a gain of 15 cents to a new 52 weeks’ high of $2, Jamaica Broilers finished with 5,000 shares trading with a gain of 3 cents to $4.04, Jamaica Producers ended with 30,000 shares changing hands to close 25 cents higher at $17.50, Mayberry Investments finished trading with 1,020 shares changing hands to close 2 cents up to $1.52, Proven Investments concluded trading with 35,639 ordinary shares changing hands and increased in price by 0.23 cents to close at 19 US cents, Sagicor Group ended with 41,000 shares with the price rising 25 cents to $10.25 and Supreme Ventures ended trading with 48,400 shares trading with a gain of 10 cents to $2.
Berger closed up 15 cents or 8% to $2, with no stock on offer at the end of trading
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras closed with a loss of 41 cents white trading 10,500 shares to close at $36.40, Desnoes & Geddes ended with 51,900 shares changing hands to close 5 cent down at $4.95, Grace Kennedy closed with 500 units, the price slipped $2 to $61, Pan Jamaican Investment finished with 433 units trading as the price slipped 95 cents $59 and Scotia Group closed the year with 800 shares trading lower by 39 cents to $20.01.
Preference| Jamaica Money Market Brokers 7.50% preference share finished with 428 units trading at $2 and Proven Investments 8% preference share ended with 41,011 shares changing hands to close at $5.10.
Junior stocks up last day down 9% in 2014
Honey Bun lost the most in value in 2014, down 46.4%.
The JSE Junior Market Index rose 3.33 points to close at 687.96, with the price of 3 stock advancing and 2 declining. Junior market stocks collectively lost 9 percent for the year in which only 5 junior stocks rose and 15 declined. Honey Bun lost the most in shedding 46.40 percent followed by AMG Packaging 45.40 percent.
At the close of the market, there were 6 stocks with bids higher than their last selling prices and 1 stock with the offer lower. The junior market continues to reflect renewed interest with 5 securities closing with no bids to buy. There were 10 securities that had no stocks being offered for sale.
C2W Music ended trading with 12,500 shares changing hands to close at 1 cent to 39 cents, Caribbean Cream closed with 319,000 shares with the price rising 5 cents to 75 cents, Lasco Distributors ended trading with 14,670 shares changing hands to close with a gain of 4 cents to $1.45.
Blue Power ended with 3,270 shares trading at $6.30, General Accident finished with 360 units changing hands to close at $1.75, Honey Bun ended with 4,000 shares at $1.71, Lasco Financial completed trading with 21,340 shares with the price at 98 cents, Lasco Manufacturing closed with 28,000 shares changing hands at $1.12.
Access Financial closed with 3,902 units trading as the price slipped 4 cents to $8.96 and AMG Packaging finished with 4,500 shares changing hands and lost 25 cents to new 52 weeks’ low of $1.90.
