Trading in the Jamaican foreign exchange market on Friday resulted in the Jamaican dollar rising modestly in value against the US dollar for the second consecutive day, with the selling rate ending at J$128.41 from J$128.65 previously.
Dealers bought the US currency at an average of J$127.17, versus J$127.26 on Thursday.
For the week inflows totaled US$181 versus US$196 million in the previous week with outflows of US$129 million compared to US$160 million.
Trading ended with inflows of US$32.69 million compared to US$32.08 million on Thursday with Bank of Jamaica is entitled to approximately 25 percent of the inflows or around $8 of the intake. Outflows amounted to only US$19.34 million compared to US$22.79 million of all currencies previously.
In USA dollar trading, inflows ended at US$28.37 million versus US$27.16 million on Thursday with outflows of US$16.32 million compared to US$18.32 million.
The selling rate for the Canadian dollar fell to J$103.11 from J$103.32 at the close on Thursday while the British Pound was more costly, with J$165.59 buying the British currency versus J$163.97 and the euro, fell in value against the Jamaican dollar, with it taking J$150.79 to buy the European common currency, versus J$153.31 previously.
Jamaican$ gains as demand drops – Friday
Jamaican$ makes gains – Thursday
Trading in the Jamaican foreign exchange market on Thursday resulted in the Jamaican dollar rising modestly in value against the US dollar, with the selling rate ending at J$128.65 from J$128.73 previously.
Dealers bought the US currency at an average of J$127.26, versus J$127.59 on Wednesday. Trading ended with inflows of US$32.08 million compared to US$35.07 million on Wednesday with Bank of Jamaica is entitled to approximately 25 percent of the inflows or around $8 of the intake. Outflows amounted to US$22.79 million compared to US$29.29 million of all currencies previously.
In USA dollar trading, inflows ended at US$27.16 million versus US$36.43 million on Wednesday with outflows of US$18.32 million compared to US$26.43 million.
The selling rate for the Canadian dollar rose to J$103.32 from J$102.92 at the close on Wednesday while the British Pound was less costly, with J$163.97 buying the British currency versus J$165.58 and the euro, fell in value against the Jamaican dollar, with it taking J$153.31 to buy the European common currency, versus J$153.52 previously.
Jamaican$ slips in value – Wednesday
Trading in the Jamaican foreign exchange market by dealers on Wednesday resulted in the value of the Jamaican dollar falling modestly in value against the US dollar.
At the close of trading on Wednesday, the selling rate ending at J$128.73 from J$128.54 previously. Dealers bought the US currency at an average of J$127.59, versus J$127.12 on Tuesday. Trading ended with inflows of US$39.57 million compared to US$35.07 million on Tuesday with Bank of Jamaica is entitled to approximately 25 percent of the inflows or around $10 of the intake. Outflows amounted to US$29.29 million compared to US$27.21 million of all currencies previously.
In USA dollar trading, inflows ended at US$36.43 million versus US$31.40 million on Tuesday with outflows of US$26.43 million compared to US$25.35 million.
The selling rate for the Canadian dollar rose to J$102.92 from J$102.23 at the close on Tuesday while the British Pound was less costly, with J$165.58 buying the British currency versus J$165.79 and the euro, increased in value against the Jamaican dollar, with it taking J$153.52 to buy the European common currency, versus J$152.54 previously.
Forex inflows drop to US$35M – Tuesday
Trading in the Jamaican foreign exchange market on Tuesday ended with inflows of US$35.07 million compared to US$42.09 million on Monday. Bank of Jamaica is entitled to approximately 25 percent of the inflows or around $8.77 of Tuesday’s intake.
Outflows amounted to US$27.21 million compared to US$30.70 million of all currencies previously.
In USA dollar trading, inflows ended at US$31.40 million versus US$38.96 million on Monday with outflows of US$25.35 million compared to US$27.86 million.
The value of the Jamaican dollar fell modestly in value against the US dollar, with the selling rate ending at J$128.54 from J$128.45 previously. Dealers bought the US currency at an average of J$127.12, versus J$127.18 on Monday.
The selling rate for the Canadian dollar inched to J$102.23 from J$102.12 at the close on Monday while the British Pound was more costly, with J$165.79 buying the British currency versus J$164.90 and the euro, slipped in value against the Jamaican dollar, with it taking J$152.54 to buy the European common currency, versus J$152.95 previously.
Forex inflows climb to US$42M – Monday
Trading in the Jamaican foreign exchange market on Monday ended with inflows of US$42.09 million compared to US$35.35 million on Friday. Bank of Jamaica is entitled to approximately 25 percent of the inflows amounting to $10.52 of Monday’s intake. Outflows amounted to US$30.70 million compared to US$30.09 million of all currencies previously.
In USA dollar trading, inflows ended at US$38.96 million versus US$28.90 million on Friday with outflows of US$27.86 million compared to US$26.16 million.
The value of the Jamaican dollar gained modestly in value against the US dollar, with the selling rate ending at J$128.45 from J$128.50 previously. Dealers bought the US currency at an average of J$127.18, versus J$127.11 on Friday.
The selling rate for the Canadian dollar fell to J$102.12 from J$101.50 at the close on Friday while the British Pound was less costly, with J$164.90 buying the British currency versus J$166.16 and the euro, jumped in value against the Jamaican dollar, with it taking J$152.95 to buy the European common currency, versus J$149.50 previously.
Two financial stocks return to TOP 10
Unlike last week when there were several changes to the TOP 10 lists, this past week had just two changes, with Lasco Financial returning to the junior market and Sagicor Group to the Main market lists.
CAC 2000 dropped out of the Junior Marketlisting, allowing for the return of Lasco Financial that dropped sharply in price, to close the week at $3.40. Mayberry Investments was edged out by Sagicor Group, dropping from $34.35 to $31.75 at the close of the past week.
Former TOP main market value stock, 
Barita Investments moved up from $9.40 during the previous week to close at $11.60 for a gain of more than 273 percent since September last year. The most recent Initial Public Offering, Stationery and Office Supplies that exited the TOP 10 after listing in the prior week, is fluctuating between $4 and just over $5, and should undergo some amount of wide price movements until demand and supply find some balance. JMMB Group climbed to $23 on Friday before closing back at $21.45, supply has dried up for this stock and it seems to be readying to make an early exit in the next few weeks.
The average PE ratio for the Junior Market Top stocks is at 7.5 and the PE for the main market TOP 10, ends the week at 7.2. The average PE for the overall main market trades at 13.3 and 13.2 for Junior Market, based on 2017 estimated earnings.
At the close of the week, IC Insider.com’s TOP 10 stocks now trade at an average discount of 42 percent to the average of the market for Junior Market Top stocks and it remains at 46 percent for the main market.
Forex inflows drop during current week
Foreign exchange trading this week resulted in total inflows being less than in the previous week and ended at US$196 million versus US$222 million previously while outflows ended at US$160 million versus US$169 million.
Trading in the Jamaican foreign exchange market on Friday ended in inflows remaining low compared to the first three days of the week, but climbed above inflows of US$32.94 million on Thursday to US$35.35 million. Outflows amounted to US$30.09 million compared to US$32.74 million of all currencies previously.
In USA dollar trading, inflows ended at US$28.90 million versus US$27.59 million on Thursday with outflows of US$26.16 million compared to US$26.19 million.
The value of the Jamaican dollar gained modestly in value against the US dollar, with the selling rate ending at J$128.50 from J$128.51 previously. Dealers bought the US currency at an average of J$127.11, versus J$127.15 on Thursday.
The selling rate for the Canadian dollar rose to J$102.50 from J$101.69 at the close on Thursday while the British Pound was more costly, with J$166.16 buying the British currency versus J$164.96 and the euro, receded in value against the Jamaican dollar, with it taking J$149.50 to buy the European common currency, versus J$149.92 previously.
Forex inflows drop to US$33M – Thursday
Trading in the Jamaican foreign exchange market on Thursday resulted much lower inflows of US$32.94 million in contrast to US$43.52 million on Wednesday and outflows of US$32.74 million compared to US$32.38 million of all currencies previously.
Approximately, 25 percent of the intake is surrendered by dictate to Bank of Jamaica and would amount to $8 million based on Thursdays trading.
In USA dollar trading, inflows ended at US$27.59 million versus US$38.58 million on Wednesday with outflows of US$26.19 million compared to US$27 million.
The value of the Jamaican dollar fell in value against the US dollar, with the selling rate ending at J$128.51 from J$128.49 previously. Dealers bought the US currency at an average of J$127.15, versus J$127.32 on Wednesday.
The selling rate for the Canadian dollar rose to J$101.69 from J$101.54 at the close on Wednesday while the British Pound was less costly, with J$164.96 buying the British currency versus J$165.40 and the euro, receded in value against the Jamaican dollar, with it taking J$149.92 to buy the European common currency, versus J$151.97 previously.
Forex inflows falls to US$43.5M – Wednesday
Trading in the Jamaican foreign exchange market on Wednesday resulted inflows of US$43.52 million in contrast to US$53.68 million on Tuesday and outflows of US$32.38 million compared to US$37.34 million of all currencies previously.
Approximately, 25 percent of the intake is to be surrendered by dictate to Bank of Jamaica and would amount to $11 million, which is line with the net inflows of $11 million.
In USA dollar trading, inflows ended at US$38.58 million versus US$47.98 million on Tuesday with outflows of US$27.58 million compared to US$33.04 million.
The value of the Jamaican dollar fell in value against the US dollar, with the selling rate ending at J$128.49 from J$128.23 previously. Dealers bought the US currency at an average of J$127.32, versus J$127.22 on Tuesday.
The selling rate for the Canadian dollar slipped to J$101.54 from J$101.82 at the close on Tuesday while the British Pound was slightly less costly at the close, with J$165.40 buying the British currency versus J$165.60 and the euro, gained in value against the Jamaican dollar, with it taking J$151.97 to buy the European common currency, versus J$151.80 previously.
Junior market drops again
Jamaican Teas CEO, John Mahfood. The company traded 25m shares. on Wednesday.
Trading on the Junior Market of Jamaica Stock Exchange jumped on Wednesday with Jamaican Teas traded over 25 million shares as one large shareholder reorganized a portion of their holding. A total of 22 securities traded, 9 advanced 5 declined and 8 traded firm.
The Junior Market Index declined by 44.92 points to close at 3,112.54. Trading closed with 8 stocks ending with bids higher than their last selling prices and 4 with lower offers. The Market closed with 28,446,953 shares valued at $130,472,160 trading, compared with 2,187,410 shares valued at $12,791,307 on the previous day.
At the close of the market, the volume of stocks changing hands on Wednesday and the last prices they traded at are: Access Financial with 3,630 shares at $46.20, AMG Packaging closing with 4,624 shares at $3.50, 
CAC 2000 ended 35 cents higher to $7.40 with 46,692 shares, Cargo Handlers gained 30 cents to close at $11 with 1,000 shares, Caribbean Cream closed 80 cents higher at $6.70 with 1,877 shares, Consolidated Bakeries lost 24 cents, to close at $2.26 with 221,280 shares, after the company posted a loss in the June quarter on Lower revenues than in 2016. Derrimon Trading fell 90 cents, to $7 with 800 shares, Dolphin Cove closed at $17.50 with 5,534 shares, Express Catering with a loss of 1 cents, closed at $5.20 with 311,836 shares, General Accident with a loss of 7 cents, closed at $2.60 with 615,796 shares, Honey Bun closed at $5 with 4,500 shares, 
Jamaican Teas moved 25 cents higher to $4.95 with 25,101,325 shares, Jetcon Corporation climbed 20 cents higher to $5.50 with 43,070 shares, KLE Group closed 10 cents higher at $2.10 with 738,400 shares, Knutsford Express closed at $15 with 5,538 shares, Lasco Distributors rose 15 cents while closing at $6.70 with 576,888 shares, Lasco Financial lost 15 cents, and closed at $3.85 with 20,000 shares, Lasco Manufacturing closed at $4.33 with 71,292 shares, Main Event gained 5 cents to $5 with 3,732 shares, Paramount Trading closed at $2.85 with 64,224 shares, Stationery and Office Supplies traded 604,415 units with the price falling 59 cents to $4.40, and tTech rose 20 cents to $7 with 500 shares.
