Pan Jamaican Investments Trust jumped $3.30 to a new 52 weeks’ high, on Tuesday, trading in the stock accounted for $34.2 million of the day’s activity. Activity on the Jamaica Stock Exchange, resulted in the prices of 4 stocks rising and 7 declining as 18 securities changed hands, ending in 2,127,873 units trading, valued at $41,812,058, 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 had 7 stocks with bids higher than their last selling prices and 7 stocks with offers that were lower.
Main Market| The JSE Market Index lost 93.54 points to 74,458.58, the JSE All Jamaican Composite index fell 104.59 points to close at 81,966.34 and the JSE combined index declined by 138.77 points to close at 76,362.07.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Desnoes & Geddes completed trading with 1,000,000 shares changing hands, with a gain of 3 cents to $4.60. Jamaica Money Market Brokers saw trading in 2,300 ordinary shares and gained 5 cents to $7.10, Pan Jamaican Investment finished trading with 618,400 shares, the price rose $3.30 cent to $55 and Proven Investments concluded trading with 7,308 units and put on 1.20 cents to 18.5 US cents.
Firm| The stocks in the main market to close without a change in the last traded prices are, Carreras ending trading with 920 shares changing hands to close at $36.89, Jamaica Broilers exchanged 4,660 shares trading at $4. Jamaica Stock Exchange ended trading with 6,942 shares changing hands, at $1.50, Mayberry Investments contributed 8,159 shares at $1.50 and Radio Jamaica traded 8,882 shares at $1.18.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless ended with 48,985 units as the price slipped 2 cents to 43 cents, Jamaica Producers finished with 5,000 shares with a loss of 5 cents to $15.95, National Commercial Bank ended with 19,418 shares changing hands to close 11 cents down to $18, Sagicor Group ended trading with 36,298 shares for 10 cents less at $9.90 and Scotia Group ended with 53,411 shares changing hands to close lower by 50 cents at $19.50.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 282,190 shares changing hands to close at $3 Jamaica Money Market Brokers 7.50% preference share exchanged 3,000 units at $2.
Pan Jam jumps $3.30 to year’s high on JSE
JSE Market starts December up
Monday’s activity on the Jamaica Stock Exchange, resulted in the prices of 7 stocks rising and 6 declining as 22 securities changed hands, ending in 1,979,654 units trading, valued at $9,662,737, 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 had 5 stocks with bids higher than their last selling prices and 7 stocks with offers that were lower.
Main Market| The JSE Market Index gained 213.63 points to 74,552.12, the JSE All Jamaican Composite index rose 238.86 points to close at 82,070.93 and the JSE combined index gained 180.89 points to close at 76,500.84.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless completing trading with 229,162 shares while gaining 1 cent to 45 cents, Mayberry Investments concluded trading with 100,000 units and put on 2 cents to $1.50, National Commercial Bank closed with 6,500 shares as the price climbed 11 cents to $18.11 and Sagicor Group finished trading with 157,895 shares changing hands to close 1 cent higher at $10.
Firm| The stocks in the main market to close without a change in the last traded prices are, Grace Kennedy having 2,768 shares trading at $61, Pan Jamaican Investment ended trading with 4,386 shares changing hands, at $51.70. Radio Jamaica contributed 17,354 shares in trading to end at $1.18, Scotia Group ended with 106,500 shares at $20, Scotia Investments finished trading with 7,756 shares changing hands at $22.50 and Seprod had 12,185 shares changing hands to close at $12.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras ending with 650 units as the price slipped 11 cents to $36.89, Jamaica Broilers finished with 84,583 shares with a loss of 5 cents to $4. Jamaica Stock Exchange finished with 35,000 units and fell 5 cents lower at a new 52 weeks’ low of $1.50 and Proven Investments ended trading with 165,136 shares for 0.69 cent less at 17 US cents.
Preference| Jamaica Money Market Brokers 8.75% preference share traded with 32,350 shares changing hands to close at $3.
J$ gains vs euro & Pound Friday
The Jamaican dollar lost value against the United States and the Canadian dollar, but gained versus the euro and the Pound in Friday foreign exchange trading in Jamaica.
Overall there was buying of the equivalent of US$52,174,458 versus US$42,831,449 on Friday, and selling of the equivalent of US$44,651,307 compared to US$41,907,894 on Thursday. In US dollar trading, dealers bought US$46,132,454 compared to US$36,830,088 on Thursday. The buying rate for the US dollar rose 6 cents to $114.10 and US$41,961,857 was sold versus US$37,213,356 on Thursday while the selling rate rose 1 cent to $114.59. The Canadian dollar buying rate was up 64 cents to $97.08 with dealers buying C$2,100,188 and selling C$1,012,039, at an average selling rate that fell 50 cents, to $98.77. The rate for buying the British Pound rose 32 cents to $177.65 for the purchase of £2,605,212 while £953,717 was sold, the rate eased 24 cents to $179.06. At the end of trading it took J$141.82 to purchase the Euro, $1.23 less than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.10, for a fall of $1.26. Other currencies bought, amounted to the equivalent of US$198,857 while the equivalent of US$326,747, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 9 cents lower at $114.80, the lowest buying rate closed 13 cents higher to $93.94. The highest selling rate was unchanged at $120.37 and the lowest selling rate climbed $15.47 to $111. The highest buying rate for the Canadian dollar fell 58 cents to $99.30. The lowest buying rate rose 33 cents to $78.52. The highest selling rate rose $1 to $102 and the lowest selling rate gained 60 cents to end at $94.60. The highest buying rate for the British Pound, declined 20 cents to $180. The lowest buying rate dropped 74 cents to $144.01, highest selling rate fell $3.77 to $182.84 and the lowest selling rate lost 50 cents to $173.50.
J$ stable with US$ gains on others – Monday
The Jamaican dollar was stable against the US dollar but gained against the British pound and the Canadian dollar, on Monday. Authorized dealers purchased the equivalent of US$36,591,367 versus US$39,425,266, on Friday, and sold the equivalent of US$35,704,084 compared with US$31,274,156 on Friday.
In US dollar trading, dealers bought US$29,868,883 compared to US$35,565,489 on Friday. The buying rate for the US dollar dropped 18 cents to $112.95 and US$31,686,958 was sold versus US$29,379,322 on Friday. The selling rate was unchanged at $113.59. The Canadian dollar buying rate climbed 80 cents to $98.63 with dealers buying C$3,954,756 and selling C$3,050,747, at an average selling rate that declined 4 cents, to $99.62. The rate for buying the British Pound rose 17 cents to $176.14, for the purchase of £1,933,114, while £719,301 was sold, the rate fell back 35 cents to $177.84. Other currencies bought, amounted to the equivalent of US$254,759 while the equivalent of US$215,363, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 5 cents higher at $113.80, the lowest buying rate put on 25 cents to $93.35. The highest selling rate was unchanged at $119.63, but the lowest selling rate fell $1.96 to $93.35. The highest buying rate for the Canadian dollar drifted down 80 cents to $100. The lowest buying rate closed with a 99 cents loss, to $79.60. The highest selling rate remained at $103.90 and the lowest selling rate fell $1.10 to $95.90. The highest buying rate for the British Pound, was off 16 cents to $178.54. The lowest buying rate slipped 58 cents to $143.84, the highest selling rate rose $3.40 to $185.43 and the lowest selling rate fell 70 cents to $173.30.
4 advancing stocks on TTSE, 3 down
Trading on the Trinidad Stock Exchange on the first day of December, closed with 11 securities changing hands of which 4 advanced, 3 declined and 4 traded firm with a total of 62,958 units, valued at $927,832 passing through the market.
At the close of the market, the Composite Index rose 0.25 points to close at 1,143.31, the All T&T Index gained 0.69 points to close at 1,970.03 and the Cross Listed Index fell 0.02 points to end at 41.46.
Gains| Stocks increasing in price at the close are, Clico Investment Fund with 4,280 shares, valued at $97,208 and advanced 2 cents, to $22.72, First Citizens Bank traded 1,011 shares at $36.77, with a 1 cent gain. Scotiabank traded 125 units and gained 19 cents to close at $59.01 and West Indian Tobacco added 4,250 shares valued at $515,313, gained 25 cents, to end at a new 52 weeks’ high of $121.25.
Declines| The stocks declining at the end of trading are, Massy Holdings fell 23 cents to close at $68.25 while trading 1,600 shares. National Enterprises with 600 shares ended with a 1 cent loss,at $17.47 and Sagicor Financial Corporation contributed 10,000 shares to close at $5.97, after falling 3 cents, for a new 52 weeks’ low.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings with 990 units closed at $12.76, Firstcaribbean International Bank traded 870 shares at $5, Scotia Investments with a volume of 18,632 shares traded to close at $1.45 and Trinidad Cement with 20,600 shares changing hands for a value of $47,380 closed at $2.30.
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.
JSE market indices up 4% in November
Friday’s activity on the Jamaica Stock Exchange, resulted in the prices of 7 stocks rising and 6 declining as 24 securities changed hands, ending in 12,560,380 units trading, valued at $56,058,056, in all market segments, the market ended the months with gains in the major indices.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than their last selling prices and 7 stocks with offers that were lower.
Main Market| The JSE Market Index climbed 313.18 points to 74,338.49, the JSE All Jamaican Composite index rose 350.19 points, to close at 81,832.07 and the JSE combined index gained 308.54 points, to 76,319.95. The three main market indices ended up well ahead of the October close, by more than 2,600 points each, gaining 4 percent in the process.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Grace Kennedy ending with 110,550 shares while gaining 60 cents to $61, followed by Jamaica Broilers that concluded trading with 10,950 units, to close with a gain of 5 cents at $4.05. Pan Jamaican Investment trading 1,200 shares, to end with an increase of $1.20 to $51.70, Sagicor Group ended trading with 710 shares, the price climbed 9 cents to $9.99 and Scotia Group closed with 3,385 shares changing hands to close at 50 cents to $20.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless ending with 235,500 shares, changing hands, to close at 44 cents, Caribbean Cement ended with 67,932 shares trading at $2.40, Carreras had 6,880 shares changing hands to close at $37. Ciboney concluded trading with 10,000 shares trading at 7 cents. Jamaica Money Market Brokers with 31,680 ordinary shares changing hands, closed at $7.05, Kingston Wharves ended trading with 1,416 shares trading at $6, Proven Investments had 600 shares changing hands 17.99 US cents and Radio Jamaica ended with 50,000 units trading to close $1.18.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Desnoes & Geddes closed with 9,330,980 shares trading 19 cents to $4.57, National Commercial Bank finished trading with 8,165 units and fell 1 cent lower at $18 and Scotia Investments ended trading with 40,650 shares, 5 cents lower to $22.50.
Preference| Jamaica Money Market Brokers 8.75% preference share tradedended trading with 168,000 units at $3, Jamaica Money Market Brokers preference share traded 7.50% contributed 2,500 units at $2 and Proven Investments 8% preference share traded 67,300 units to close 20 cents down at $5.50.
Volumes climb but J$ falters Vs US$ on Friday
The Jamaican dollar lost ground against the US dollar but gained against the British pound and the Canadian dollar, on Friday. The level of trading increased strongly over Thursday’s levels, as authorized dealers purchased the equivalent of US$39,425,266 versus US$23,655,831, on Thursday, and sold the equivalent of US$31,274,156 compared with US$20,111,379 on Thursday.
In US dollar trading, dealers bought US$35,565,489 compared to US$20,915,015 on Thursday. The buying rate for the US dollar gained 19 cents to $113.13 and US$29,379,322 was sold versus US$18,955,032 on Thursday. The selling rate climbed 5 cents to $113.59. The Canadian dollar buying rate fell 31 cents to $97.83 with dealers buying C$1,316,08 and selling C$704,733, at an average selling rate that declined 57 cents, to $99.66. The rate for buying the British Pound rose 17 cents to $175.97, for the purchase of £1,665,720, while £718,932 was sold, the rate climbed 35 cents to $178.19. Other currencies bought, amounted to the equivalent of US$130,742 while the equivalent of US$148,673, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 3 cents higher at $113.75, the lowest buying was unchanged at $93.10. The highest selling rate put on 33 cents to $119.63, but the lowest selling rate climbed 37 cents to $95.31. The highest buying rate for the Canadian dollar gained 30 cents to $100.80, the lowest buying rate closed up 8 cents to $80.59. The highest selling rate put on 11 cents to $103.90 and the lowest selling rate remained at $97. The highest buying rate for the British Pound, was off 10 cents to $178.70. The lowest buying rate rose 33 to $144.42, the highest selling rate fell $3.72 to $182.03 and the lowest selling rate climbed $1 to $174.
Scotia rises more to come on TTSE
Trading on the Trinidad Stock Exchange closed the last week in November with 11 securities changing hands, 4 advanced, 4 declined and 3 traded firm. A total of 313,960 units, valued at $2,266,333 traded. Scotiabank continues with its recovery with a further gain at the close but more importantly, the bid closed above $59 for the first time in weeks having hit a low of $58 recently.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had one of its strongest reading since we have been monitoring this market with 8 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower. This continues to signal rising prices in the market in the weeks ahead.
At the close of the market, the Composite Index lost 0.14 points to close at 1,143.06, the All T&T Index rose 1.28 points to close at 1,969.34 and the Cross Listed Index fell 0.21 points to end at 41.48.
Gains| Stocks increasing in price at the close are, Clico Investment Fund with 45,152 shares, valued at $1,023,843, advanced by 10 cents to $22.70, National Enterprises contributed 24,500 shares with a value of $428,260, while gaining a cent, to $16.48. Scotiabank traded 3,046 shares valued at $179,166 and advanced by 12 cent to end at $58.82 and Trinidad Cement a volume of 71,250 shares being traded for $162,663 gained 15 cents to end the day at $2.30.
Declines| The stocks declining at the end of trading are, First Citizens Bank traded 4,507 shares as the price slipped by 1 cent to $36.76, National Commercial Bank (NCB), with 122,940 shares changing hands, for a value of $131,546. NCB’s price fell 3 cents to $1.07, followed by Praetorian Property Mutual Fund in trading 31,000 units but fell 10 cents, to close at $3.40 and Republic Bank traded a mere 16 shares, and ended with a 1 cent loss, to $119.96.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Massy Holdings traded just 49 shares to close at $68.48, Sagicor Financial Corporation added 10,500 shares at $6, and Scotia Investments traded 1,000 units at $1.45.
J$ lost ground on Thursday as volumes fall
The Jamaican dollar lost ground against the British pound, the US dollar, but picked up against the Canadian dollar, on Thursday. Authorized dealers purchased the equivalent of only US$23,655,831 versus US$31,732,868, on Wednesday, and sold the equivalent of US$20,111,379 compared with US$31,966,559 on Wednesday.
In US dollar trading, dealers bought US$20,915,015 compared to US$28,285,332 on Wednesday. The buying rate for the US dollar gained 2 cents to $112.94 and US$18,955,032 was sold versus US$30,430,998 on Wednesday. The selling rate climbed 5 cents to $113.54. The Canadian dollar buying rate rose 6 cents to $98.14 with dealers buying C$1,103,035 and selling C$435,771, at an average selling rate that declined 21 cents, to $100.23. The rate for buying the British Pound fell 9 cents to $175.80, for the purchase of £1,057,396, while £416,104 was sold, the rate climbed 33 cents to $178.54. Other currencies bought, amounted to the equivalent of US$136,316, while the equivalent of US$117,294, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 2 cents higher at $113.72, the lowest buying and highest selling rates are unchanged at $93.10 and $119.30 respectively, but the lowest selling rate dropped back $15.56 to $94.94. The highest buying rate for the Canadian dollar fell 30 cents to $100.50, the lowest buying rate and highest selling rates are unchanged at $80.51 and $103.79 respectively. The lowest selling rate fell 55 cents to $97. The highest buying rate for the British Pound, was off 20 cents to $178.80. The lowest buying rate rose 83 to $144.09, the highest selling rate jumped $1.07 to $185.75 and the lowest selling rate slipped $1.25 to $173.
Rising prices ahead on TTSE
Trading on the Trinidad Stock Exchange ended with 14 securities changing hands of which 4 advanced, 1 declined and 9 traded firm with a total of 157,147 units, valued at $1,903,518.
At the close of the market, the Composite Index inched up 0.03 points to close at 1,143.20, the All T&T Index rose 0.05 points to close at 1,968.06 and the Cross Listed Index remained at 41.69.
Gains| Stocks increasing in price at the close are, Ansa Merchant Bank that gained a cent in closing at $39.42 while trading 185 shares. First Citizens Bank traded 3,373 shares, to close with a gain of 1 cent at $36.76, Massy Holdings traded 16,941 shares valued at $1,159,616, gained 3 cents to close at $68.48. and Praetorian Property Mutual Fund traded 50,000 shares valued at $175,000 and advanced by 10 cents, to end at $3.50.
Declines| The stock declining at the end of trading is, Point Lisas Industrial Port Development declined 2 cents to end the day at $4 and traded just 100 units.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings contributed 10,823 shares with a value of $138,101 and closed at $12.76. Agostini’s with 402 shares ended at $17.33, Flavorite Foods traded 100 units at $4.90, Jamaica Money Market Brokers added 7,823 shares to close at 45 cents, National Commercial Bank with 50,000 shares changing hands, closed at $1.10. National Enterprises ended with 2,000 shares trading at $17.47, One Caribbean Media traded 4,900 units at $25.10, Prestige Holdings had 500 shares traded at $9.56 and Sagicor Financial Corporation 6.5% preference shares traded 10,000 units at US$1.10.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than their last selling prices and only 1 stock with the offer that was lower, this is the second day of such strong signal, an indication that prices should be rising in the session ahead.
