Trading on the Trinidad Stock Exchange saw no major change in direction from the sideways trend all year long as 11 securities changing hands of which 3 advanced, 3 declined and 6 traded firm with 706,749 units changing hands, with a value of $5,473,695 including amount for a US dollar denominated security.
The Composite Index lost 0.05 points to close at 1,146.16, the All T&T Index fell by just 0.17 points to close at 1,978.76 and the Cross Listed Index increased by a mere 0.01 points to end at 41.05.
Gains| Stocks increasing in price at the close are, Grace Kennedy with 30,065 shares being traded for $113,044 to end at $3.76, with 6 cents gain, Guardian Holdings contributed 20,000 shares with a value of $270,000, while the price gained 10 cents to end at $13.50 and First Citizens traded 14,615 shares valued at $532,278 to close with a gain of 2 cents to end at $36.42.
Declines| The stocks declining at the end of trading are, Clico Investment Fund with 68,214 shares valued at $1,502,678, declined by 5 cents to end at $22, Jamaica Money Market Brokers with 2,164 shares changing hands, closed a cent down at 44 cents, National Enterprises 100 units at $17.73, with 1 cent loss, One Caribbean Media 7,446 shares and closed with a decline of a cent at $25.35, Sagicor Financial 6.5% Preference share, traded 340,000 units at $1.13, down a cent and Trinidad Cement added 14,784 shares valued at $33,264, after falling 11 cents, to close at $2.25.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings with 13,841 shares valued at $175,781, to end at $12.70, National Commercial Bank with 195,200 shares changing hands for a value of $195,200 and Praetorian Property Mutual Fund 320 units at $3.40.
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 4 stocks with lower offers.
3 up, 3 down on TTSE
Scotia Group climbs to $20 pushes indices
After the big trade in Kingston Wharves shares on Wednesday worth over $3 billion, Thursday’s trading seem light in contrast. The main attraction in today’s trading, was the gain in Scotia Group share price, accompanied by more than 1.2 million shares, helping to push the index up, quite sharply. Market activity on the Jamaica Stock Exchange, resulted in the prices of 6 stocks rising and 6 declining as 17 securities changed hands, resulting in 12,983,655 units trading, valued at $63,224,180, 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 showed 6 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
Main Market| The JSE Market Index jumped 1,007.75 points to 73,071.76 and the JSE All Jamaican Composite index rose 1,126.85 points to close at 80,415.69.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Berger Paints with 3,500 shares trading, rose of a cent to $1.66, Jamaica Money Market Brokers with 10,212 ordinary shares, gained 5 cents to end at $7, Scotia Group rose 99 cents, as 1,230,365 shares changed hands at $20 and Scotia Investments increased 10 cents with 4,825 units to $21.80.
Firm| The stocks in the main market to close without a change in the last traded prices are, Carreras 13,736 units at $34.65, Jamaica Producers with 1,000,520 shares at $15.20 and Proven Investments with 8,639 shares, closing at 17.99 US cents.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Barita Investments with 6,777 shares, lost 1 cents to end at $2.18, Kingston Wharves traded just 5,000 units at $6.30, with the loss of 20 cents, National Commercial Bank had 17,500 shares changing hands, with a 25 cents cut in price to $17.95, Sagicor Group with 11,325 shares, closed 10 cents less at $9.65 and Sagicor Real Estate Fund had 306,147 units being active, the price fell 2 cents to $6.50.
Preference| Jamaica Money Market Brokers 8.50% preference share traded 87,271 units at $3.45 and Jamaica Money Market Brokers down 7.50% preference share traded 8,660,000 units at $2.
TTSE ends Thursday little changed
Trading on the Trinidad Stock Exchange was in 11 securities changing hands of which 2 advanced, 3 declined and 6 traded firm with 220,110 units changing hands, with a value of $4,122,720. The market was closed on Wednesday for Public holiday.
The Composite Index declined 0.10 points to close at 1,146.21, the All T&T Index fell by just 0.87 points to close at 1,978.93 and the Cross Listed Index increased by 0.03 points to end at 41.04.
Gains| Stocks increasing in price at the close are Clico Investment Fund with 32,308 shares valued at $712,391, increased by 5 cents to end at $22.05 and Massy Holdings contributed 7,093 shares with a value of $ to end at $68.52 with a gain of a cent.
Declines| The stocks declining at the end of trading are Ansa McAl traded 12,550 shares valued at $831,284 to close down 2 cents at $66.22, Scotiabank lost 2 cents and closed with 25,042 units for $1,522,553 at $60.78 and Trinidad Cement 2,000 shares traded at $2.36 for a 18 cents decline.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings contributed 5,393 shares at $12.70, Firstcaribbean International Bank with 1,250 shares at $5 First Citizens added 9,397 shares valued at $342,051 and closed at $36.40, Grace Kennedy with 810 shares to end the day at $3.70, National Commercial Bank with 120,100 shares traded at $1, Sagicor Financial Corporation with 4,167 at $6.20
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.
Not much change in rates for J$
The Jamaican dollar lost just a cent against the US dollar, gained value versus the Canadian dollar but slipped slightly against the Pound Sterling, in Wednesday’s forex trading. Authorized dealers purchased the equivalent of US$34,448,840 versus US$38,385,284 on Tuesday, and the equivalent of US$31,858,399 was sold compared with US$39,434,800 on Tuesday.
In US dollar trading, dealers bought US$32,026,453 compared to US$32,424,472 on Tuesday. The buying rate for the US dollar drifted 6 cents to $112.32 and US$30,237,505 was sold versus US$34,668,805 on Tuesday, the selling rate gained a cent up to $112.70. The Canadian dollar buying rate fell $1.14 to $100.39 with dealers buying C$1,165,397 and selling C$983,084 at an average selling rate that slipped 22 cents to $101.94. The rate for buying the British Pound declined $1.38 to $181.13, for the purchase of £787,089, while £406,481 was sold, the selling rate rose 3 cents to $183.99. Other currencies bought, amounted to the equivalent of US$111,545, while selling was for the equivalent of US$67,967.
Highs & Lows| The highest buying rate for the US dollar, fell $1.10 to $112.90. The lowest buying and the highest selling rates remained unchanged at $91.85 and $117.70 respectively and the lowest selling rate fell back $18.15 to $91.85 The highest buying rate for the Canadian dollar lost 20 cents to $102, the lowest buying rate remained at $81.17. The highest selling rate fell $1.16 to $103.80. The lowest selling rate was unchanged at $97.80. The highest buying rate for the British Pound, fell 30 cents to $184.20, the lowest buying rate was unchanged at $146.29. The highest selling rate rose 60 cents to $189 and the lowest selling rate is unchanged at $176.25.
Jamaica Producers buys more KWH shares
Kingston Wharves $3 billion trade, dominated activity on the Jamaica Stock Exchange, in Wednesday’s trading. The Wharf company had 466 million units of its stock sold to Jamaica Producers and Seaboard Corporation, a United States company, involved in food, energy and the shipping industry, by National Commercial Bank.
The stock traded at $6.50 up from $5.01 on Tuesday, but it had a bid of $5.75 which allowed the trade to take place 29.75 percent above the closing price on Tuesday. Normally, there would be a 15 percent limitation on the daily trading price movement, from the prior day’s last traded price. but allowances are made for cases where the bids or offer of the previous day better reflect the market value of the stock.
Trading activity resulted in the prices of 10 stocks rising and 5 declining as only 20 securities changed hands, resulting in 470,310,461 units trading, valued at $3,066,292,531, in all market segments.
Main Market| The JSE Market Index gained 631.80 points to 72,064.01 and the JSE All Jamaican Composite index rose 706.45 points to close at 79,288.84.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had only 4 stocks with bids higher than their last selling prices and 7 stocks with offers that were lower, suggesting a likely negative movement in prices on Thursday.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Berger Paints with 3,799 shares trading, with a 3 cents rise to $1.65, Carreras with 1,500 shares changing hands, 35 cents higher at $34.65, Desnoes & Geddes put through 13,083 units with a gain of 10 cents to end at $4.80, Grace Kennedy had 4,955 shares changing hands and gained $1, to $59, Kingston Wharves 466,435,712 shares traded with a gain of $1.49 to $6.50, Mayberry Investments closed with a 2 cents gain at $1.47 after 9,000 units went through the market, there were no stock on offer at the close of trading, National Commercial Bank never benefited from the big sale of Kingston Wharves shares and had 89,031 units active, with a 20 cents increase to $18.20 and Sagicor Group saw 3,157,519 units moving 50 cents higher, at $9.75.
Firm| The stocks in the main market to close without a change in the last traded prices are, Proven Investments with 30,000 units, closed at 17.99 US cents and Radio Jamaica with 2,132 shares at $1.04.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Caribbean Cement with 93,220 shares, lost 19 cents to end at $2.36, Sagicor Real Estate Fund traded just 14,436 units with 28 cents loss at $6.52 and Scotia Group with 93,248 shares, closed 8 cents lower at $19.01.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 10,500 units at $3 and Jamaica Money Market Brokers 7.50% preference share traded 27,546 units at $2.
Buoyant flows keep Jamaican$ stable
The Jamaican dollar gained a cent against the US dollar, gained value versus the Canadian dollar but slipped against the Pound Sterling, in Tuesday’s forex trading. Authorized dealers purchased the equivalent of US$38,385,284 versus US$55,527,854 on Monday, and the equivalent of US$39,434,800 was sold compared with US$54,984,714 on Monday.
In US dollar trading, dealers bought US$32,424,472 compared to US$49,027,325 on Monday. The buying rate for the US dollar gained 3 cents to $112.38 and US$34,668,805 was sold versus US$50,573,332 on Monday, the selling rate drifted a cent down to $112.68. The Canadian dollar buying rate is up 5 cents to $101.53 with dealers buying C$2,908,960 and selling C$2,940,061 at an average selling rate that slipped 70 cents to $102.16. The rate for buying the British Pound rose $1.07 to $182.51, for the purchase of £1,935,491, while £1,182,187 was sold, the selling rate climbed 63 cents to $183.96. Other currencies bought, amounted to the equivalent of US$189,326, while selling was for the equivalent of US$170,362.
Highs & Lows| The highest buying rate for the US 
dollar, fell 67 cents to $114. The lowest buying and the highest selling rates remained unchanged at $91.85 and $117.70 respectively and the lowest selling rate rose $18.15 to $110. The highest buying rate for the Canadian dollar lost 70 cents to $102.20, the lowest buying rate remained at $81.17. The highest selling rate fell 20 cents to $104.96. The lowest selling rate was unchanged at $97.80. The highest buying rate for the British Pound, rose 60 cents to $184.50, the lowest buying rate was unchanged at $146.29. The highest selling rate fell 19 cents to $188.40 and the lowest selling rate is up $17.64 to $176.25.
Securities trading climbs on TTSE
in Monday trading on the Trinidad Stock Exchange, 17 securities changed hands of which 5 advanced, 5 declined and 7 traded firm. A total of 200,232 units changed hands, with a value of $6,438,679.
The Composite Index declined by 0.16 points to close at 1,146.16, the All T&T Index fell 0.07 points to close at 1,979.81 and the Cross Listed Index eased 0.03 points to end at 40.91.
Gains| Stocks increasing in price at the close are, Clico Investment Fund with 16,470 shares valued at $363,164 and advanced by 5 cents to end at $22.05, First Citizens Bank increased 50 cents to end the day at $36.50, with 60,000 shares changing hands, for a value of $2,184,169, One Caribbean Media traded 5,250 shares, a cent higher at $24.36, for a new 52 weeks’ high and Unilever Caribbean traded 971 shares with a gain of 3 cents, to land at $64.05, a new 52 weeks’ high.
Declines| The stocks declining at the end of trading are, Angostura Holdings with 393 shares traded, to close 5 cents off, at $12.70, Guardian Holdings traded 7,457 units at $13.40 for a loss of 10 cents, Republic Bank lost a cent, in closing at $121.72 with 13,625 shares traded, valued at $1,658,435, Scotiabank lost 20 cents to close at $60.80, a new 52 weeks’ low, while trading 9,918 shares valued at $603,014 and West Indian Tobacco traded 1,212 units, at $118.07 for 3 cents decline.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Berger Paints had 30 shares trading at $3.61, Guardian Media traded 250 shares at $19.76, while Massy Holdings added 14,628 shares valued at $1,002,181, ending at $68.51, National Flour with 29,538 shares traded for $38,399, closed at $1.30, Point Lisas Industrial Port with 5,000 units closed at $4, Prestige Holdings with 1,000 shares changing hands, closed at $9.50, Sagicor Financial traded 12,929 shares at $6.20 and Scotia Investments contributed 21,561 shares with a value of $31,263, to end at $1.45,
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 2 stocks with offers that were lower.
Excess foreign currency bought in 2 days
The Jamaican dollar gained a cent against the US dollar, gained value versus the Pound, but lost against the Canadian dollar, in Friday’s forex trading. Authorized dealers purchased more foreign currency than they sold, with the equivalent of US$35,748,353 bought versus US$29,361,702 on Thursday, and sold the equivalent of US$30,621,902 compared with US$27,149,495 on Thursday, the second consecutive day, this is happening.
In US dollar trading, dealers bought US$31,259,041 compared to US$25,904,827 on Thursday. The buying rate for the US dollar rose 1 cent to $112.37 and US$26,652,331 was sold versus US$25,054,219 on Thursday, the selling rate drifted a cent to $112.70. The Canadian dollar buying rate inched up 18 cents to $100.61 with dealers buying C$1,319,900 and selling C$486,723 at an average selling rate that put on a cent to $102.58. The rate for the British Pound moved up 79 cents to $182.15, for the purchase of £1,555,372, while £1,385,818 was sold, the rate slipped 17 cents to $184.02. Other currencies bought, amounted to the equivalent of US$786,506, while selling was for the equivalent of US$1,263,878.
Highs & Lows| The highest buying rate for the US dollar, rose 45 cents to $113.30. The lowest buying, the highest and lowest selling rates remained unchanged at $91.85 and $117.70 and $91.85 respectively. The highest buying rate for the Canadian dollar gained 60 cents to $103.50, the lowest buying rate rose 12 cents to $81.13. The highest selling rate is up 48 cents to $105.50. The lowest selling was down 45 cents at $97.15. The highest buying rate for the British Pound, fell 30 cents to $183.90, the lowest buying rate gained 45 cents to $146.99. The highest selling rate fell 39 cents to $188.52 and the lowest selling rate is up 25 cents to $176.80.
More US$ bought than sold on Thursday
In Thursday’s forex trading, the Jamaican dollar gave back a cent against the US dollar, gained value versus the Canadian dollar and lost against the Pound. Authorized dealers purchased more foreign currency than they sold as they bought the equivalent of US$29,361,702 versus US$30,445,681 on Wednesday, and sold the equivalent of US$27,149,495 compared with US$35,474,287 on Wednesday.
In US dollar trading, dealers bought US$25,904,827 compared to US$24,647,857 on Wednesday. The buying rate for the US dollar rose 13 cents to $112.36 and US$25,054,219 was sold versus US$31,434,012 on Wednesday, the selling rate recovered a cent to $112.71.The Canadian dollar buying rate fell $1.49 to $100.43 with dealers buying C$732,996 and selling C$409,949 at an average selling rate that declined by 24 cents to $102.57. The rate for the British Pound dipped 71 cents to $181.36, for the purchase of £1,012,241, while £382,845 was sold, the rate rose by 67 cents to $184.19. Other currencies bought, amounted to the equivalent of US$1,167,877, while selling was for the equivalent of US$1,096,616.
Highs & Lows| The highest buying rate for the US dollar, fell 25 cents to $112.85. The lowest buying and the highest selling rates remained unchanged at $91.85 and $117.70 respectively. The lowest selling rate fell $1.45 to $91.85. The highest buying rate for the Canadian dollar eased 10 cents to $102.90, the lowest buying rate rose 38 cents to $81.01. The highest selling rate is up 5 cents to $105.02. The lowest selling was unchanged at $97.60. The highest buying rate for the British Pound, fell 30 cents to $184.20, the lowest buying rate gained 34 cents to $146.54. The highest selling rate climbed $1.21 to $188.91 and the lowest selling rate is up 40 cents to $176.55.
Stocks continue upward move on JSE
Thursday’s activity on the Jamaica Stock Exchange, resulted in the prices of 9 stocks rising and 3 declining as 24 securities changed hands, resulting in 6,462,363 units trading, valued at $54,606,207.
Main Market| At the close of the market the JSE Market Index gained 321.86 points to 72,682.82 and the JSE All Jamaican Composite index rose 359.90 points to close at 79,980.79.
Gains| Stocks gaining, with the last traded prices, at the close in the main market are, Jamaica Broilers with 10,500 shares, rising 5 cents to $4.70, Kingston Wharves with 5,250 shares changing hands, lost a cent at $5.01, Sagicor Real Estate Fund had 17,000 shares changing hands, 3 cents higher at $7.14 and Scotia Investments 22,050 shares at 20 cents more at $21.70.
Firm| The stocks in the main market to close without a change in last traded price are, Cable & Wireless with 3,317 units at 30 cents, Carreras 275,340 shares at $34.65, Jamaica Money Market Brokers with 4,525,000 ordinary shares, closed at $6.95, Jamaica Producers with 788 units ended at $15.08, Proven Investments 5,350 ordinary shares closed at 17.99 US cents, Sagicor Group 570,000 shares closed at $9.75 and Supreme Ventures with 31,000 units at $1.95.
Declines| The last traded prices of stocks with losses, at the at the end of trading in the main market are, Grace Kennedy with 1,623 shares, lost $1 to end at $60, National Commercial Bank traded 256,643 units at $17.86, a loss of 4 cents and Scotia Group with 65,819 shares, closed 6 cents lower at $19.20.
Preference| Eppley 9.5% preference share traded units 12,167 at $6.10, Jamaica Money Market Brokers 8.75% preference share put through 30,000 units at $3.01 and Proven Investments 8% preference share, traded 43,500 units at $5.
Junior Market| The JSE Junior Market Index increased 4.01 points to close at 668.07 as 8 stocks traded with 5 advancing and none declining.
Gains| Stocks recording gains at the end of trading in the junior market are, Blue Power traded 121 units 5 cents higher at $9.05, Dolphin Cove 348 shares closed 30 higher at $8.80, General Accident closed with 239,024 shares and gained 5 cents to $1.50, Lasco Financial 172,400 units, increased 1 cent to 98 cents and Lasco Manufacturing had 16,000 units trading 1 cent higher at $1.02.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are, KLE with 127,123 shares at $1 and Lasco Distributors with 32,000 shares changing hands at $1.12.
IC bid-offer Indicator| At the end of trading 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.
