Daily Trading — Page 985

JSE: Advancers up but trading not strong

September 5, 2013 by IC Insider.com

Thursday, 5th September 2013 | The main market indices fell on Thursday as the junior index moved up with 11 stock prices gaining to 6 that fell as 2,761,996 units traded valued at $16.1 million continuing a light period of trading for a number of days since August. The all Jamaica index fell 313.07 to 84,535.65, the Main index was down 177.94 to close at 84,593.49 and the junior market index gained 6.24 to close at 786.41.

Barita Investments seems to be attracting a little interest as it traded 18,156 at $2.50 while Caribbean Cement Company could have bottomed as it traded 121,158 units to close at $2.03 an increase of 3 cents; Gleaner Company logged 605,000 units at a firm price of $1.20; Jamaica Money Market Brokers kicked in with a strong 1,140,850 units as the price closed 1 cent up at $8; Jamaica Stock Exchange 11,000 units resulted in a 5 cent drop to the IPO price of $2.85; Kingston Wharves traded 13,400 firm at $7; National Commercial Bank still struggling to move forward traded 117,295 shares at $18.55 up 5 cents; Pan Jamaican Investment Trust accounted for 13,415 units and closed at $51.42; Scotia Group Jamaica made good with 41,757 units and closed at $21.26 a gain of 6 cents while Seprod contributed 20,000 units at $13.

Access Financial Services had 100,000 shares being exchanged as the price closed at $8.38 up 18 cents; Consolidated Bakeries chipped in with 26,916 units to close at $1.40 down 5 cents; Cargo Handlers was up $1 to $14, a new all-time high.

General Accident Insurance traded 56,000 units at $1.77 for a 6 cents gain as Lasco Distributors 47,420 units traded firm at $1.50; Lasco Financial Services 109,450 units closed at $1.40 down 2 cents and Lasco Manufacturing 35,475 units with the price closing at $1.65 up 2 cents.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator shows that bids for 6 stocks were higher with 2 stocks having offers lower than their last selling price.

TTSE: Poor T&T stock market

September 5, 2013 by IC Insider.com

Thursday, 5th September, 2013 | Trading picked up on Thursday on the Trinidad Exchange with 10 securities changing hands of which 2 advanced, 3 declined and 5 traded firm as a mere 42,969 units changed hands valued at $883,081.

Stocks trading include Unilever Caribbean, which gained 1 cent to end the day at $55.41, a new 52 weeks high as 750 units changed hands. Trinidad Cement with only 10,400 units valued at $23,096 as the price lost 16 cents to close at $2.14. Still under selling pressure due to profit taking, the stock closed with no stock on the bid and 159,187 on offer at $2.10.

Jamaica Money Market Brokers traded 2,800 shares firm at 50 cents. Republic Bank traded 1,153 units valued at $126,853 at $110.02 up a cent. Clico Investment Fund posted a volume of 22,815 shares valued at $490,751; the price closed firm at $21.51. One Caribbean Media 880 units as the price closed firm at $18.02. Scotia Bank traded 2,300 units with firm price at $70.01 for a value of $161,023.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator shows that there were no stocks with bids that were higher with 3 stocks having offers lower than their last selling price.

Image courtesy of Photokanok/FreeDigitalPhotos.net

Filed Under: Stock Market, TTSE Market Tagged With: Daily Trading, Trading Activity, TTSE

JSE: Advancers ahead, indices down

September 4, 2013 by IC Insider.com

Wednesday, 4th September 2013 | Trading activity on the Jamaica Stock Exchange was moderate notwithstanding the 4.667 million units which traded at a value of $25.7 million. Trading took place in only 25 stocks with 1 from the preference sector resulting in 8 stocks advancing to 4 declining. The index for the main market fell as the all Jamaica index being off the most by 1,041.87 to close at 84,848.72 and the main market index off 592.14 to end at 84,771.43. As indicated on Tuesday, this was expected to happen with that day’s movement in Scotia Group hitting $23.49 but closing at $22. Today, it closed at $21.20, giving back all the gains it had on Tuesday.

Caribbean Cement traded 38,155 units firm at $2; Grace traded 10,905 units at $56.60 up 10 cents; Jamaica Money Market Brokers exchanged 172,923 units and closed firm at $8; National Commercial Bank traded 87,412 units at $18.55 up 5 cents, while Sagicor Life enjoyed a big day with 865,150 units gained 44 cents to close at $8.60; Scotia Group traded 127,072 to closed down 80 cents at $21.20; Scotia Investments chipped in with 34,800 to close at $26.20 up 4 cents and Proven preference shares delivered 1,465,850 units firm at $5.09.

The junior market index slipped 2.20 to close at 780.17. Caribbean Creams traded 320,700 units to close at $1.02 a gain of 2 cents; Caribbean Producers exchanged 510,000 units firm at $2.03; General Accident chipped in with 66,000 units to close at $1.71 for a 1 cent gain; Jamaican Teas lost 20 cents to close at $4.20 as it traded 22,043 units; Lasco Financial Services traded 297,535 and closed at $1.42, down 2 cents, while Lasco manufacturing closed at $1.60 a 2 cents decline with 277,428 units and Paramount Trading 66,305 units firm at $3.30.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator shows that bids for 5 stocks were higher with 2 stocks having offers lower than their last selling price.

Filed Under: JSE Main Market, Stock Market Tagged With: Daily Trading, JSE Company, Trading Activity

FX: Selling rates up for all

September 4, 2013 by IC Insider.com

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Wednesday, 4th September 2013 | As the level of buying of foreign currency falls well below demand, the selling rates for all three major currencies appreciated against the local currency with the US dollar selling at 3 cents more than on Tuesday at $101.17 as $24.84 million were sold versus US$20.4 million bought at an average of $101.33 a 16 cents decline on Tuesday’s closing rate.

The Canadian dollar was sold on average for 47 cents more than Tuesday’s closing rate for C$883,200, while the currency was bought at 8 cents lower than on Tuesday and closed at $95.21 as $592,000 was purchased. The Pound Sterling buying rate increased by $1.08 to close at $157.88 as £1,167,212 and £945,113 was sold at 62 cents higher at $159.81.

For the US dollar, the highest buying rate gained 10 cent to $103.00, lowest buying rate was unchanged at 84.17 while the highest selling rate was 3 cents higher at the close at $107.86 and the lowest declined by $15.31 to close at $84.04.

All of the highest and lowest rates for the Canadian dollar climbed with the highest buying rate increasing by 15 cents to $97.50, the lowest was up 8 cents to 78.35. The highest selling rate for the Canadian was up by 21 cents to $101.22 and the lowest moved up by 25 cents to $94.65.

The Pound sterling saw the highest buy rate moving up 25 cents to $160.20 with the lowest being up $6.06 to $135.29. The highest selling rate was down $4.44 to $162.16 and the lowest down 30 cents $154.15.

Filed Under: FX Market, Stock Market Tagged With: Daily Trading, FX Market, Trading Activity

TTSE: 52 weeks high for 4 stocks

September 4, 2013 by IC Insider.com

Wednesday, 4th September 2013 | The market activity resulted in four stocks hitting 52 weeks highs. These are Angostura Holdings closed at $9.51 but trading as high as $9.54 in exchanging 1,560 units; Unilever Caribbean gained 9 cents to end the day at $55.40, a new 52 weeks high as 838 units changed hands; National Enterprises traded at a new 52 weeks high of $16.01, up a cent on the day while trading just 500 units, the stock closed with a bid at $16.05 for just 50 units. Republic Bank traded 2,253 units at $110.02 up a cent, a new 52 weeks high.

Trading picked up on the Trinidad resulted from trading in 14 securities of which 5 advanced, 2 declined and 7 traded firm as 557,106 units changed hands valued at $8,569,826.

Stocks with reasonable volumes trading are Grace Kennedy with 200,415 shares valued at $661,370; Trinidad Cement 162,126 shares valued at $388,483 lost 10 cents to close at $2.30; ANSA McAL 67,392 shares with a value of $4,466,742; Jamaica Money Market Brokers 7,100 shares valued at $3,550. Clico Investment Fund posted a volume of 106,466 shares valued at $2,290,182, the price advanced by 1 cent to end at $21.51.

Prestige holdings exchanged 2,665 units and closed firm at $9.35; Scotia Bank traded 1,924 units firm at $70.01 and One Caribbean Media 1,602 firm at $18.02. West Indian Tobacco traded 1,188 units at $117.05.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator shows that bid for 1 stock was higher with 3 stocks having offers lower than their last selling price.

Filed Under: Stock Market, TTSE Market Tagged With: Daily Trading, Trading Activity, TTSE

FX: All Tuesday’s rates up

September 3, 2013 by IC Insider.com

Tuesday, 3rd September 2013 | US$34,553,830 was purchased by dealers as the buying rate rose by 34c to an average of $101.49 and dealers sold US$32,447,951 at $102.137, an increase of 3 cents, the Canadian was purchased at $95.289 up 42 cents for C$923,276 while C$874,494 was purchased at 78 cents higher than Monday’s rate to close at $97.632. The British Pound traded at $156.806, an increase of 84 cents as £1,352,743 was purchased and £853,085 was sold for $159.189, an increase of 21 cents.

The equivalent of US$37.85 million was purchased and $34.85 million sold bettering yesterday’s take.

Dealers purchased the US dollar as high as $102.90 at 10 cents higher than on Monday and the bought as low as $84.17 which was the same rate as Monday’s low. The US dollar was sold as high as $107.89, lower by 88 cents than the rate at the close of Monday and sold as low as $ 99.35 reflecting a $15.31 increase.

The Canadian dollar was bought as high as 97.35, off 5 cents and remained unchanged for the lowest buying rate at $78.27; the highest selling rate came in at $101.01 down by 64 cents and 10 cents was added to the lowest selling price, which closed at $94.40.

The Pound gained all round with the highest buying rate closing at $159.95, which is 65 cents more than on Monday and lowest buy rate climbed 79 cents to end at $129.23. The highest rate that sales took place at is $166.60 up $1.02 and the lowest rate came in at $154.45 up $1.55

Filed Under: FX Market, Stock Market Tagged With: Daily Trading, FX Market, Trading Activity

JSE: Advancing stocks hit decliners

September 3, 2013 by IC Insider.com

Tuesday, 3rd September 2013 | Unlike Monday when trading levels were very moderate, trading picked up on Tuesday with 9 million units changing hands valued at $41.6 million.

Proven Preference shares traded 4 million units valued at $20.4 million as the stock closed firm at $5.09; Scotia Bank traded as high as $23.49 but closed down at $22. These movements were the main factors driving the two main indices up sharply at the close. Indications are that the price indices could fall quite a bit when trading closes on Wednesday unless a stock such as NCB picks up appreciably in price. The all Jamaica index which nose dived 1,051.58 jumped 1,621.05 today to end up at 85890.59, while the main market index that slipped 597.66 on Monday was up sharply by 921.32 to 84,363.57. The junior market index bucked the positive trend by falling 0.88 to close at 782.37. Trading resulted in 25 securities exchanging ownership of which 10 advanced, 3 declined and 13 traded firm.

Trades today with reasonable volumes were Carreras with 24,051 to close at $46.40, an increase of 40 cents; Jamaica Broilers Group accounted for 1,533,057 valued at $7.97 million to close 6 cents up at $5.20; Jamaica Producers 14,260 to close at $18.25; Kingston Wharves 15,014 units and closed at $7; Mayberry Investments contributed 33,386 was firm at $2.60. National Commercial Bank 278,547 units closed firm at $18.50 as it accounted for $5.15 million of the total value traded; Sagicor Investments 83,000 units at $16.55 at the close, down 5 cents; Sagicor Life Jamaica 17,201 closed firm at $8.16 and Scotia Group 7878,700 units traded resulting in the price rising 55 cents to end of trading at $22. Having traded as high as $23.49 for a value of $18.3 million, the bulk of buying was conducted by Scotia Investment for clients.

Junior market | Trading picked up on Tuesday with 8 stocks changing hands in this segment of the market. Jamaican Teas which traded a million shares at $4.40 exchanged another million units today with the price closing firm at $4.40 with a value of $4.4 million; Blue Power gained 6 cents to close at $9.28 with 11,124 units; Caribbean Producers put in 308,00 units while trading firm at $2.03. Lasco Distributors traded 143,610 units up 5 cents to close at $1.50; Lasco Financial Services added 29,040 in trading at $1.44 for an increase of 4 cents; Lasco Manufacturing accounted for 415,241 firm at $1.62 up 6 cents and investors moved 256,036 units of Paramount Trading through the market as the price closed firm at $3.30.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator shows that bids for 6 stocks were higher with 2 stocks having offers lower than their last selling price. This is the second day in a row that this indicator has been strong and could mean that the market is once more ready to move upwards.

Filed Under: JSE Main Market, Stock Market Tagged With: Daily Trading, JSE Company, Trading Activity

TTSE: Buyers back off TCL

September 3, 2013 by IC Insider.com

Tuesday, 3rd September 2013 | Trinidad Cement declined again today, this time by 10 cents, as the stock closed at $2.41 after trading 33,065 shares. The stock closed with 707,519 shares on offer at $2.40 without any stock posted to buy at the end of trading. The stock seems to have more of a price fall to go before it settles down again.

Market activity resulted from trading in 12 securities of which 1 advanced, 2 declined and 9 traded firm with 468,390 shares changing hands valued at $4.99 million.

Other stocks to trade in reasonable volumes include: National Flour Mills with 171,405 shares valued at $128,554 as it traded firm at 75 cents; National Enterprises 70,000 shares valued at $1,120,000 traded firm at $16. Jamaica Money Market Brokers contributed 65,300 shares with a value of $32,650 and the price holding firm at 50 cents. At the end of trading there were bids for 301,539 units at 43 cents and 190,111 to sell at 50 cents. Sagicor Financial Corporation added 59,274 shares valued at $406,027 trading firm at $6.85. Neal & Massy traded 4,500 units firm at $55.99, Point Lisa lost a cent to close at $3.74 but with just 1,000 units changing hands; Republic Bank traded 17,075 units valued at$187,421 firm at $110.01; Scotia Bank lost a cent to $70 with 991 units.

Clico Investment Fund, in posting a volume of 45,400 shares valued at $976,116, remained firm at $21.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator shows that bid for 1 stock was higher with 3 stocks having offers lower than their last selling price.

Filed Under: Stock Market, TTSE Market Tagged With: Daily Trading, Trading Activity, TTSE

FX: Unusually low purchases

September 2, 2013 by IC Insider.com

Monday, 2nd September 2013 | Trading for the first day of the week and month of September was unusually low for a Monday, but the heavy trading on Friday when US$53.8 million was purchased and US$39.65 million was sold may have robbed the market of much activity as just US$23.27 million was purchased with US$28.4 million sold.

Authorised dealers purchased US$19,593,289 at a buying rate of $101.1463 down 50c from Friday’s closing rate and sold US$26,278,288 at an average of $102.109 up 3c at the end of the day. The buying rate for the Canadian dollar fell $1.24 to close at $94.8671 as C$1,009,449 was purchased and sold C$515,019 at an average of $96.8504 down 97c. £1,562,581 was purchased at an average of $155.9639 representing a decline of $1.61 for the day and sale of £776,054 took place at an average of $158.981 up 44c.

There was much variation in the highest and lowest buying and selling rates amongst the three main currencies. The highest buy rate for the US dollar fell by 5c to end at $102.80, while the lowest was up 13c at $84.17 and selling was as high as $108.77 up 91c, while the lowest fell 13c to $84.04.

In the case of the Canadian dollar, the buy rate at its highest dropped $1.10 to $97.40 and the lowest fell 33c to $78.27 while selling took place as high as $101.65 with no change at the end and the lowest slipped 15cto $94.30.

The British Pound traded as high as $159.30 buying with the rate increasing by 30c, the lowest increased by $28.44 to end at $128.44 while the highest selling rate moved up by $4.58 to $165.58, and the lowest increased by 75c to close at $152.90.

Image courtesy of Marcus/FreeDigitalPhotos.net

Filed Under: FX Market, Stock Market Tagged With: Daily Trading, FX Market, Trading Activity

JSE: Manipulation seems at play

September 2, 2013 by IC Insider.com

Monday, 2nd September 2013 | Trading levels were very moderate on the first trading day of September with 1.7 million units changing hands valued at $11.4 million, making it one of the worse days for the market. The all Jamaica index dropped 1,051.58 to end down at 84,269.54 while the main market index slipped 597.66 to 84,442.25. The junior market index also fell by 9.17 to close at 783.25.

In today’s trading, 21 securities traded of which 4 advanced, 7 declined and 10 traded firm. The run up in the prices of some stocks on the last two trading days of August and the sharp fall on Monday suggest that some interested parties manipulated prices for portfolio purposes. With the objective achieved, prices have fallen back at the start of the new month.

Trades with reasonable volumes were Caribbean Cement with 269,030 to close at $2; National Commercial Bank 204,143 units at $18.5o, Sagicor Investments 83,382 to close at $16.60; Sagicor Life Jamaica 33,103 units closing at $8.16 and Scotia Group just 16,198 unit for the price rise to $21.45.

Junior market trading was light with only 4 stocks trading and with only Jamaican Teas recording any volume to speak of with a million shares trading at $4.40 up 38 cents. Dolphin Cove traded 10,161 units and dropped to $8 at the close down 30 cents.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator shows that bids for 8 stocks were higher with 2 stocks having offers lower than their last selling price.